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m. *•* lib**®1 |\ ; MONDAY V \" ' • - • i / lYflf. U. 8. Pat. omce Volume Number 4111 156 New York, N. Y., ) Monday, September 28, 1942 Price 60 Cents Copy a BOND PROPOSALS AND NEGOTIATIONS . '■■■ v No. 4, General--— Dec. 2, 1936 No. 4, Special—... Mar. 4, 1938 No. 5, General...... Apr, 23, 1937 In This Issue No. 5, Special.—...Nov, 2, 1942, under on Jan. DIVIDEND NOTICE No; 1099. case 4 AMERICAN end West COMPANY Streets, Brooklyn, New York Connecticut Bulk The (State of) General of Fund Board of Directors of American the Manufacturing Company has declared the regu¬ lar quarterly dividend of $1.25 per share on the Preferred Stock and a dividend of 50c per share on the Common Stock of the Company. Both payable October 1, 1942 to Stockholders of record September 18, 1942. Surplus 25, 1936 7, Special.——Jan. 9, 1941 to Be Used for Debt Retirement— The State's general fund had an No. 8, Special. .Nov. 17, 1939 accumulated surplus for the 1941No, 9,.General......Nov. 27, 1934 1942 fiscal year of $13,758,514, of City News MANUFACTURING Noble CONNECTICUT 8, 1940 No. 6, General.—Feb. 23, 1938 No. 6, Special——.Apr. 19, 1939 No. 7, General.—.Sept. Corporation News State and by Judge of District Court No. Nq. .8, General::—Dec. 12, 1939 ROBERT r B. Treasurer. BROWN, _____ QUOTATIONS New York York New Stock Curb ; No. 10, Special____.__May 7, 11,' Special.: Mar, 1, No. 12, General...Apr. 21, No. 12, SpecialJan. 21, 1940 payment, Exchange 1936 Comptroller said.' Securities Miscellaneous and (See Index Below) Mobile County (P. O. Mobile), Ala. * Bond Refunding: Pending—It is ; reported .held that joint contract is a by the First National Bank, and the Merchants National Bank, both of Mobile, for the refunding w#'of $100,000 5% high school bonds, excepting Prior the on "I Ordinary County Rev-* which warrants enue no ALABAMA least $16,000,000 will sum be of at applied shortly to a further reduc¬ tion of the bonded debt, and that, very therefore, the present State in¬ 1937 cently submitted to Governor Rob¬ ert A. Hurley. Of this surplus, the debtedness amounts to the sum of 1942 not more than approximately $9,_No. 13, General——Oct. 11, 1940 largest ever recorded in the finan¬ No. 13, Special....._Mar. 6, 1942 cial history of the State, approxi¬ 000,000 as a result of an approxi¬ mately $14,000,000 reduction in the No. 22, Special -Dec. 7, 1937 mately $10,000,000 will be applied debt within the past two years," a further reduction Interest will cease according to to of the "Thus the original State indebt¬ law on warrants hereby called for State's direct bonded debt, the Out-of-Town Listed Markets Unlisted 1941 No. Exchange plus of $13,758,514 the which $9,929,994 was accrued dur¬ ing that period, according to the annual report of State ComptroL ler John M. Dowe, which was re¬ No. 9, Special—....All registered No. 10, General. Sept. 30, 1938 interest, as per will draw can now edness" curred mate," Comptroller Dowe report- decree signed ed, "that from the present Comptroller Dowe said, $25,000,000 which, when in¬ "of conservatively esti¬ to was less be period, sur- than three retired will years over a retired be or offset plan urging nationwide rationing of gasoline. j "I don't highway the how know rationing posed pro¬ affect will Interest Exempt our from Present Federal Income Taxes Exempt from Commonwealth of Massachusetts Taxes revenue," Gov. Adkins said, "but we are fortunate to have a 'cushion fund' set up in the treasury to meet debt service during such emergencies." -i 1,286,000 'dated April 1, 1923, maturing on payetteville, Ark. v. April 1, 1943, and $323,000 5% j Bond Sale—The $100,000 funding bonds, dated April 1, 1923, airporf and maturing on April 1, 1943. J improvement bonds offered for 4, ^ Boston Metropolitan! District - *>' Redemption ".that funds it — also noted is available at either are sale Sept. 22—v. 156, p. 905—r awarded to a syndicate com¬ on were y"'v'v;,v;:;'J:1 MASSACHUSETTS1 of these posed of Hill, Crawford & Lanybonds on or after Oct. 1, at par ford, Inc., Cherry, Villareal & Co., and interest to maturity. Inc., the Southern Securities Co., and Mallory Williaims & Co., all ARIZONA | of Little Rock, paying a price of 105.86, according to the City Clerk; Phoenix, Ariz. Dated Sept. 1, 1942. Due on Sept. Correction—City Clerk John H. 1 in 1945 to 1962; callable on and Udall states that the report an after Sept. 1,1952. ' J election was scheduled for Sept. Provident Irrigation Dist, (P. Q.[ 29 to have the voters pass on the issuance of $25,000 Colusa), Calif. airport im-r the for ibank payment :y'Bonds ;, ; .-v yy::;y.,. Due serially October 15, 1943 to 1967, inclusive Legal Investment, in our opinion, for Savings Banks in New York and Massachusetts ' y y;;: 7 .] ' ■ .' [. . ' ' . .•■,* These Bonds, to be issued to provide ^ .' " * *■ : * • ■' 1 funds for the purchase by the District of $8,286,- 000 bonds .of the Boston Elevated ' Railway Company, in the opinion of counsel , will constitute - provement bonds—v. 156, p. 1001 ; * j —was erroneous. Debt Composition firmed—The Plan Conr * ■ i Arkansas Governor ? Bond : 1 Urges Road Large Fund"—The "Cushion "Democrat" Rock -tie Litr of Sept. 11 carried the following report: An addition of $1,400,000 to the i present highway "cushion fund" $5,400,000 will be asked of the '1943 Legislature, Gov. Adkins said ►of late his at . ference t afternoon yesterday. press con- of 20 cents rate said to have the on District, of which neither the rate Sacramento. Bondholders are "further - Massachusetts. he said - made had his decision shortly after President Roosevelt * * approved the Bernard Baruch ... • ... Costilla County • , t New , , - . Other York Curb Exchange Exchanges. Stock ...1133 '..1139 Unlisted Securities ....-..1144 to be dit tofore issued under Chapter 567 of the Massachusetts Acts of 1941. Prices These bonds are : t , i - offered when, and maturities rate ; : : as yield 0.50% to and if issued and received by to 1.70% us and subject to the the Massachusetts Department of Public by approval of interest Utilities and to the approval of legality by Messrs, Ropes, Gray, Best, Coolidge & Rugg, Boston,• Mass,, whose opinion will be furnished upon deliver. „ . (P. O. San Luis), Colo, i...,v X. j Called —The follow¬ ■ ., Warrants - r ing ordinary county School - Page Exchange.. ~.. .1117 are allied to the payment of principal and interest of these bonds and bonds here¬ .• District for revenue warrants payment were pn;-Aug... 25 payable at the office County Treasurer: ; j AIL warrants the registered -before following dates; y fy j 1936 and Prior , BLAIR &CO. INC. COFFIN &, BURR PHELPS, FENN & CO. , BACON, STEVENSON &. CO. KEAN, TAYLOR &. CO. INCORPORATED HORNBLOWER & WEEKS 4 GEO. B. GIBBONS & CO. INCORPORATED' - ' B. J. VAN INGEN & CO. INC. DICK A MERLE-SMITH OTIS A CO. TUCKER, ANTHONY & CO. ARTHUR PERRY & CO. p . .. . ' " If ' ' " INCORPORATED (INCORPORATED) " - , County; "V Ordinary Revenue_Oct. 1941 Ordinary County '■ LEHMAN BROTHERS HALSEY, STUART &. CO. Inc. and are now of the • New .York-Stock Railway Company purchased by the District the bonds " Bank, Sacramento, within 30 days from Sept. 2, and thereafter and Quotations: upon bonds for to the clerk of the above court.' called INDEX from interest payment to the Merchants Nationt COLORADO our for the pay* behalf of the amount is limited by law, are to be All amounts received by the District of the Boston Elevated by al • outstanding The Governor protect highway bonds." * on of * • He said this would be asked to ; pledged; and taxes an the United States District Court at rected to present their nor are on dollar,, been, confirmed full faith and credit vy ad valorem basis and levied through the Treasurer of Hhe Commonwealth providing for the pay! ment of outstanding bonds at the district, (State of) valid, direct and general obligations of the District ment of which its plan of composition for the indebtedness of the above ARKANSAS " ; 5,. 1936 SCHOELLKOPF, HUTTON A POME ROY, INC.... EDWARD LOWBER STOKES & CO. ALFRED O'QARA A CO, * Chicago ' ' NEWBURGER, LOEB & CO. ^ • « . . • H. C. WA.INWRIGHT &, CO. >■ . " . ' 1 • ' Department: \ ...Bond Proposals and Negotiations. 1105 State and Oity . ' Gen. Corporation and Invest. News, 1145 '.Dividends Declared and Payable..1110 Redemption Calls and Sinking Fund t f Auction Sales The '■ ..1110 Notices .1115 ■«.. Course of Bank Clearings......1116 * Foreign Exchange Rates.... ...1115 ago 20-year Revenue ——.'—Oct, 13, 1941 1942; Ordinary County WILLIAMR COMPTON &.COi r Revenue i—2——All registered INCORPORATED " s r '■ • No. 2, General-J No. 2, Special.^.; __Oct. 1, 1938 Feb. 7, 1941 % "• ! •* - Chicago ► -• Chicago 4 • - Dated October 15, 1942. Principal and semi-annual Interest, April 15 and October 15, payable in New York and Boston.4 Coupon bonds in denominations of $1,000, registerable as to principal only. The information contained herein has been carefully compiled from sources considered reliable, and while not guaranteed - No. 1, General—.--.-—Mar. 7, 1939 No, "1, Special.——Jan. 27, 1941 r. DANIELF,RICE and COMPANY " . Sch. Dists. MULLANEY, ROSS&.COMPANY •' ' September 24, 1942. as to completeness or accuracy, we believe it to be correct•> as of this date, « 4 within period of three years or present date if the a less from the main¬ present rate of reduction is only the direct State 1, 1941, the total to Jan. On debt. statement Dowe's Comptroller refers direct and indirect, had $47,018,000, the largest in history, and included some of State debt, reached its $10,400,000 in indirect debt in¬ curred during the Baldwin admin¬ istration. During the two years, from Jan. to Jan. 1, 1943, the in¬ cumbent administration has or will have retired between $14,1941, 1, city proposed to issue re¬ The 1972, and will bear interest,-sub¬ ject to the reversionary provisions as set forth in the bonds, at the com¬ floated to finance the institutional expansion program and retire the will be callable at par upon ity is used, certain provisions are to be followed. The approving of opinion Trimble & N. obligation upaid residue of bond issues floated to finance the Mer- , Caldwell, Marshall, Mitchell of New York, Y., will be furnished. Haven, Fla. stated Bond Call Revoked—It is O. R. Way, City Auditor and by Clerk, that the call for payment the Middletown, the of the general refunding of 1933, and the New London Series A and B, on Oct. 1, has been bridges, and a small issue to fi¬ revoked. ritt Parkway, Hartford, nance at of dormi¬ construction the tories the Honolulu the Governor by the Comptroller the that Hawaii totaled $38,642,165 as com¬ Sale—The Bond receipts for the fiscal year 19411942 (City and County), cash general fund coupon $500,000 2&% semi-ann. refunding (1942 bonds offered for sale on pared with $31,897,900 for the pre¬ Issue) vious fiscal year. The Comptrol¬ Sept. 22 — 156, p. 649 v. were — awarded to the Bishop National report discloses that the cash Bank of Honolulu, for a premium of all highway funds at of $12,600, equal to 102.52, a basis the close of the last fiscal year of about 1.96%. Dated April 15, was only $3,888,805 as compared 1942. Due $50,000 on April 15 in with $10,295,654, a drop of $6,- ler's balance 1943 to 1952 incl. 406,849. This decrease was due Three bids primarily to the fact that the de¬ the issue in partment expenditures during the past fiscal year exceeded its re¬ ceipts by $3,248,868 and that re¬ Bonds cost Authorized & Stearns were submitted New Co. the offered for Bear, York. city Childs 101.159 for the bonds; C. F. — The cover commitments the and Certificates Called ported Town $18,392,398 953,535. as FLORIDA East Shore Drain. Dist. ■ Validation at Pending—The Circuit Gourt has signed an order for a hearing on Oct. 19, on .the organization of the' abovb district and validation to Due 1942. and 1948 in Nov. on 1, $1,000 1; in 1946, $2,000 in 1947, $3,000 1943 to iri $4,000 1949, and 1950. of $350,000 drain¬ age bonds approved by the voters last May. Lawrence County - ; $15,000 on Dec. 1 in mature 1946. KANSAS i (P. O. Lawrence- Bond Election—An issue of $37,- judgment funding bonds will be considered by th evoters at the 500 November general election. Sale Bond er, sale issued if Mo. The — $224,259.12 awarded to First the tional Bank of Chicago, expected Board the at a Jr., ments made was taking now matter in municipal bulletin, i. as steps official an officials are clarify the *• » to to details. The eight projects on which new payments will be made are the Armistead Gardens, and Fair¬ field, Brooklyn, Westport, Perkins and Gilmor Homes and O'Donnell Heights and Somerset Court. The latter two developments are not completed. ,, about ' j'"* by tin, "The FPHA will make ments in lieu of taxes erally-owned any taxes which would be paid upon project if it were not exempt from taxation, with an appropri¬ ate allowance for expenditures by such the Commis¬ agency are office in Baton at the State's in New Orleans. or the with Associated firm named in Na-( above basis of about 1.03%. Dated Sept. 1, 1942. Due on Sept. Co. 1943 in to 1952 of ' Cox, There serve are two classes of Federal housing projects involved. In one are Federally-owned war housing projects. The / other comprises FPHA-aided projects and the Baltimore Housing Authority will be authorized to make the pay¬ ments on these bulletin stated. developments, the , ; * Maryland (State of) Governor Recommends 25% In¬ Tax Reduction—Governor come O'Conor will has that announced he ask'fpr\ar20 to 25% reduc¬ tion in the State income tax in a plan he will submit to the General Assembly when it meets in Jan¬ Moreover, he said the "healthy condition" of the State's (State of) Bridges — Governor his executive council Insures Sewall services to other public such projects." or uary. MAINE incl. Hodgenville, Ky. for Government utilities streets, fiscal the Trust Federal . J. payment on Treasurer's war its amount being March 2, 1943. Dated March 2, 1903. Due on March 2, 1953, redeemable March 2, 1943. Payable at the $250,000, for called pay¬ all Fed¬ on housing proj¬ jurisdiction. The paid for any one year on project will approximate the under ects sioners, that 5% semi-ann. Series C bonds numbered 251 to 500, ag¬ gregating . According to the Federal bulle¬ Secretary of Levee Rapides Bank /& price Alexandria. KENTUCKY S. stated is Henderson, Harry of Maine Offering—Elmer of Since the notice of the Govern¬ of 101.11, a . —Creditors of this city are being Act recent a ment's intention to make the pay¬ original pur¬ Series 497 bonds offered for chase of the bonds were Scharff & on Sept. 21—v. 156, p. 1002^ Jones of New Orleans, and the Brazil, Ind. Bond with Congress. Information on the sub¬ ject was submitted to the city by Herbert Emmerich, Commission¬ er of the Federal Public Housing/ Authority. and received, 1. INDIANA Debt Composition Plan Pending and Delivery Oct. Rouge, semi-ann. paving and sew¬ were 1 Wauchula, Fla. accordance subject to approval of legality by Charles & Trauernich of St. Louis, State Wichita, Kan. l]/4% ville), III. ; and Bond- Call—It the : par. of Levee ■ < payments, amounting to the will be made in full city tax rate, > July Dated 1.18%. about of $13,000 sold - — Midland Securities Co. of Chicago (P. O. Clewiston), Fla. Bond was Favrot, The . 1943 to bonds F. Board the taxes. , Cairo, III. funding of * shelter rentals in lieu of as sums re¬ It is Commissioners, is calling for pay¬ ment a total of $150,000 4% re¬ of $7,500 sewer bonds. funding certificates of indebted¬ ness of the above district, issue of Marshalltown, Iowa July 1, 1936. Certificates should Bond Sale Details — The City Clerk states-that the $4,500 street be presented at the office of the improvement bonds sold to Paine, Board, 200 Civil Courts Building, Webber, Jackson & Curtis of Chi¬ New Orleans, for payment as to cago, as D/is, at 100.33—V. 156, principal and interest. p. 1002—are dated Oct. 1, 1942, Red River, Atchafalaya and Bayou and mature on Nov. 1; $1,500 in Boeuf Levee District (P. O. 1945, $1,000 in 1946, and $2,000 in Alexandria), La. 1947, giving a basis of about Bonds Offered to Public—Weil 1.19%. Interest payable M-N. & Arnold of New Orleans, are of¬ Newton, Iowa fering for general investment Bond Offering — Bids will be $250,000 1 %, 2i/4 and 2% refund¬ received until Oct. 5, at 7.30 p.m., ing bonds. Coupon bonds, dated by H. L. Lammers, City Clerk, Aug. 1, 1942. Denom. $1,000. Di¬ for the purchase of $50,000 re¬ vided as follows: $75,000 iy>s, due funding bonds. 1 on Aug. 1, $25,000 in 1944 to 1946; $150,000'2y4s, due $25,000 on Aug. Sac City, Iowa 1 in 1947 to 1952, and $25,000 2s, Bond Sale Details The City due on Aug. 1, 1953. Prin. and int. Clerk states that the $16,000 water (F-A) payable at the office of the system bonds sold to Paine, Web¬ State Treasurer, Baton Rouge, or ber, Jackson & Curtis of Chicago, at the State's fiscal agency in as iy4s—v. 156, p. 906—were pur¬ New Orleans. Offered when, as chased at a price of 100.37, a basis and Bonds Sold—An issue of Gervais that President , ILLINOIS (P. O. New — $500,- even Under present arrangements provision has been made by the Federal Government to pay small for the issuance are highway fund, was compared with $16,- $400,000 and possibly 000 annually. Orleans), La* and fund ity will receive from $350,060 to payable J-D. Orleans Levee District the or city will receive, but it is believed that the municipal¬ Interest 1952. $2,000 in 1950 to made be amounts the follows: as will sessments 4s at par, as May, mature on Dec. $1,000 in 1943 to 1945, $1,500 in 1946 to 1949, and 1 Co. & the bonds sold to noted here in and associates bid 100.88, Sioux City, Iowa i Lowry, Sweney, Inc. and as¬ Additional Information — The year $1,462,000 more than sociates bid 100.561. These rates those of the previous year. City Treasurer states that the $60,t indicate that Honolulu is able to The accumulated surplus in all 000 airport certificates sold to the finance at levels comparable with State funds for the fiscal year City Sinking Funds, as 1V2S—v. those before Pearl Harbor. 156, p. 906—were purchased at par 1941-1942, including the general to serves this states that now refunding the Bank of Jena, as of - about ; Jury $15,000 Council is said to have passed an ordinance calling - HAWAII State university. Financial abstracts submitted to •show interest a-net at any payment date prior to ma¬ If the option to call the Winter indirect State's The headed by the . nonfunded debt; includes the (P. O. Jena), La. Maturity—The Secretary of the Police 1.66%, divided as follows: $70,000 as 1 %s, due on Dec. 1 in 1943 to following rates; 2% for the first 1951; the remaining $160,000 as five years after date; 3% for the 1 %s, due on Dec. 1 in 1951 to 1960, next succeeding five years; 4% and $50,000 on Oct. 1, 1962. Inter¬ < for the next succeeding 10 years; est payable J-D. and 5% thereafter. The bonds Malvern, Iowa refunding bonds prior to matur¬ State's direct debt is The states that the $230,000 system and street improve¬ sold to a syndicate bonds of interest posed solely of the unpaid residue of the $25,000,000 bond issue now ment municipality by the Federal Gov¬ ernment on eight defense, housing developments, it was disclosed Aug. 28 at the City Hall. It is not yet known how the as¬ - La Salle Par. Sub-Road Dist. No. 2 White-Phillips Co. Davenport, at a price of 100.69 and, subject to the right of prior —v. 156, p. 1002—were purchased redemption, will mature June 1, funding bonds dated June 1, 1942, and $3,000,000 in indirect debt. Clerk sewer and $15,000,000 of direct between $2,000,000 and turity. 000,000 debt had not been ob¬ such judgments Sept. If 1943 to 1972. Davenport, Iowa Details — The City Sale Bond considered tained. tained." * against the city shall be as subject hereto as if tained Monday, September 28, 1942 FINANCIAL CHRONICLE THE COMMERCIAL & 1106 and financial position warrants the freezing of a "goodly sum" for post-war projects and an addi- . ; ; W. tional amount for present emer- j notified that a petition has been City Clerk-Treasurer, will receive Perkins, State Insurance Commis¬ gencies, including salary adjust- ' filed in the United States District sealed bids until 7:30 p.m. on Oct. $30,000 issue of 3% coupon school sioner, to purchase $11,500,000 in¬ ments. Even with this, the Gov- 1 Court in and for the Southern 13 for the purchase of $5,000 not building revenue refunding bonds surance on various bridges. Total ernor added, "there will be left on ' Offered Bonds of District Florida, Tampa Divi¬ sion, asking for the confirmation of plan of composition under the a provisions of the Municipal Bank¬ ruptcy Act. A hearing on the petition scheduled to be held at the eral is Fed¬ in Tampa, at 11 16, for the purpose of hearing the petition and con¬ a.m. Building on Nov. sidering and passing upon the plan together with any answers or objections filed by any creditors. Sworn proofs of claims setting up claims filed and interests to are be by the creditors on or before Nov. with 16, the Clerk of the United States District Court, Fed¬ eral Building, Tampa, and such proofs are to give the details of the of bonds all and unpaid show the interest amount and other details. To Public — A Wauchula exceed 3% interest fire truck bonds. Dated Feb. 1, 1942. Denom. IOWA has Alfred been purchased and is being offered by the J-D. fund. proposed to be affected Council Bluffs, Iowa Bond Sale—The $50,000 coupon composition comprises all of the outstanding principal bonded in¬ semi-ann. sewer bonds offered for Acadia Ward Sub(P. O. Crowley), Parish, Fourth Road Dist. No. 7 the 100.442, a basis of about 1.15%. Sept. 1, 1942. Due $5,000 crued interest on bonds upon from Nov. 1, 1944 to 1953; optional which judgments have been ob¬ on and after Nov. 1, 1947. proposed Bonds, refunding coupons and ac¬ Dated were awarded to Scharff & Jones of New Orleans, according to the of the Police Jury. Secretary Dated Sept. 1, 1942. This left $24,165,767 of the expended for operating pur¬ poses. The latter amount repre¬ sented 56.98% of operating appro¬ MASSACHUSETTS total LOUISIANA debtedness, and all accrued inter¬ sale on Sept. 22—v. 156, p. 649— La. est on the bonds provided to be were awarded to the Iowa-Des Bond Sale—The $90,000 public refunded (whether evidenced by Moines National Bank & Trust matured coupons or accrued in¬ Co. of Des Moines, at public auc¬ improvement bonds offered for terest on bonds, or both) to the tion, as IV4S, paying a price of sale on Sept. 22—v. 156, p. 738— of ordered j includes $7,500,000 against sabo¬ enough to bring about a sizable j Bankers Bond Co., At ! tage and $4,000,000 against war reduction in income taxes." W. L. Lyons & Co., and Stein Bros. the preceding session of the Legis- • $1,000. Due $1,000 on Jan. 1 from damages. 1944 to 1948 incl. Rate of interest & Boyce, all of Louisville, for gen¬ lature, early in 1941, the tax on to be expressed in multiples of eral investment at prices to yield MARYLAND earned income was reduced from j from 1.25 to 2.85%, according to V\ of 1%. No conditional bids will 2Y2 to a flat 2% and the invest-' j Baltimore, Md. Denom. $1,000. Dated be considered. Legal opinion of maturity. ment income tax rate was lowered I Nov. 1, 1942. Reports Higher Revenues- from 6 to Due on Nov. 1 in Dailey, Davis & Hartsock of In¬ 5%. "Now that the j 1943 to 1956 inch, callable on and Revenue collections by the city in dianapolis will be furnished the State's financial position is the after Nov. 1, 1947. the first seven months of the year Prin. and int. successful bidder. / strongest in its history, a reduq(M-N) payable at the Lincoln Na¬ amounted to $47,641,481 and com¬ tion in income taxes can be Indianapolis School City, Ind. tional Bank, Flodgenville. :'' pared with $46,535,937 in the com¬ made," the Governor said in a Temporary Loan Sold •— The parable 1941 period, according to statement. "The present condition ( Raceland, Ky. a report from Herbert Fallin, budr $250,000 temporary loan issue of¬ of affairs will justify a reduction Bond Sale Details—It is now j fered Sept. 22 was awarded to a get director. in these taxes up to 20 or 25%. 1 reported that the $37,800 water Mr. Fallin said that $32,178,223 group of Indianapolis institutions Already a 40% reduction in real < works revenue refunding bonds at 0.75% interest, plus a premium was expended for all purposes in estate taxes has been effected, sold to the Bankers Bond Co. of of $60.10. The syndicate consisted the seven-month period. This, he which places the State tax rate at ! Louisville, as 4s at par, as noted added, was 56.39% of total appro¬ of the Union Trust Co., Indiana the lowest in 82 years. Not only Trust Co., American National here, are dated Dec. 1, 1941, and priations of $57,067,680 for the is it my intention to maintain the Bank, Indiana National Bank and mature on Dec. 1 as follows: $1,- entire year 1942. State rate at this low point, but it the Merchants National Bank. The 800 in 1942, $2,000 in 1943 and 1944, Of the total expenditures for will eventually be reduced fur- ! loan is payable in three months. $3,000 in 1945 to 1948, and $4,000 the seven-month period, $8,012,456 ther. 1 in 1949 to 1953. Interest payable was for debt service and pension to by the provisions of the plan of bonds. 16 , The indebtedness of the City of date Sept. Boston Metropolitan District, Mass. $8,286,000 cou- .j In the first seven pon, registerable as to principal | months of 1941, the city ex¬ only, bonds offered Sept. 23—v. : pended 57.30% of operating ap¬ 156, p. 1002—were awarded to a i propriations for operating pur¬ syndicate headed by Halsey, ,! Stuart & Co., Inc., New York, as poses. Government to Meet City Tax lV4s, at a price of 93.288, a basis Bond Sale—The priations. Rate on Housing Projects—Sums equivalent to the full Due from city tax rate will be paid to the of money of about 1942 from 1.619%. and 1943 due to Oct. Dated serially on 1937 incl. Oct. The 15, 15 * sue- Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4111 156- cessful banking group made pub¬ lic re-offering of the bonds at Long/State Commissioner of Cor¬ Sept. 30 for the purchase fo $15,000 porations and Taxation has an¬ not to exceed 3% interest coupon prices to yield from 0.50% to 1.70%, according to maturity; Le¬ gality of the bonds to be approved by Ropes, Gray, Best, Coolidge & Rugg of Boston. J nounced. [ The cut in municipal produced principally demand for public welfare appropriations and high¬ way • expenditures., Real estate taxes however were raised by $2,977,753. In realty values an addidition of $95,812,246 was regis¬ expense was by Underwriting Group—The suc¬ cessful banking group, in lessened water works system bonds. . : will National City were in the the bidding First managed was Bank of being deferred, pending ap¬ ceptance by the city of proposed changes in the building plans. No. Call 6, Mich. Fred — Wilkinson, tion, calls for payment on Oct. 15, 1942, at par and accrued interest, bonds Nos; 7 to 10, 13 and 14, dated April 15, 1936. Bonds will by and submitted offers of l^s, a net cost of 1.799%, and 98.35 for 13/4S, a net cost of be redeemed at the Detroit Trust a Federal grant and ac¬ MINNESOTA Co., Detroit. Hopkins, Certificate water cates sale main of on were Lincoln Park School District, Mich. Bond Offering — Raymond E. Others in this group in¬ the following: Union Se¬ Corp., Blyth & Co., Lazard Freres & Co., Northern Trust Co. of Chicago, Salomon Bros. & Hutzler, R. W. Pressprich & Co. and Goldman, Sachs & Co. ^ is Secretary of the Board of Educa¬ New curities Detroit Township School Dis¬ trict 94.54 for cluded the proval of Bond York, 1.841%. at Farmington Third syndicate National redeemed Trust Co.; Detroit. Corp., * Harris Trust & Savings Bank, Chicago; Kidder, Peabody & Co., Harriman Ripley & Co., Inc., Smith Barney & Co., and Estabrook & Co. be 000 in by the State of $690,- excess of the constitutional debt limitation, over and above Bonds Sold The Secretary of existing bonded indebtedness for' which the State is now obligated the Board of Education states that for Montana State College. $105,000 1%% semi-ann. school Mo. — , in this account debtedness (P. O. Affton), Aug. 1* 1942. Denom. $1,000. Due Aug. 1; as follows: $1,000 in 1944 and $2,000 from 1945 to 1951 incl. Subject to redemption prior to addition bonds have maturity-on 30 days' published Dated May 1, 1942. notice at the option of the city, on any interest payment date on Boone County (P. O. and after Aug. 1, 1944. Mo. If less . Bank of New York, Bankers Trust Co. of New York, First Boston MISSOURI Affton Sch. Dist. Dated addition Halsey, Stuart & Co., Inc., in¬ cluded the following: Lehman tered;than all of the outstanding bonds Brothers, Blair & Co., Inc., Phelps, Peabody, Mass. are called on a specific Ferin & Co., Dick & Merle-Smith, date, then Note Sale—The issue of $300,000 such redemption shall be in in¬ B. J. Van Ingen & Co., Inc., Bacon, notes offered Sept. 21—v. 156, p. verse numerical order. Rate of Stevenson & Co., Coffin & Burr, 1002—was awarded to the Na¬ Kean, Taylor & Co., Hornblower tional Shawmut Bank of Boston, interest to be in multiples of % of 1%. & Weeks, Geo. B. Gibbons & Co., Principal and interest at 0.59% discount.. Dated Sept. 22, Otis & Co.,'Tucker, Anthony & (F-A) payable at the City Treas¬ 1942, and due $200,000 on Dec. 22, urer's office. Bonds are payable Co., Arthur Perry & Co., Schoell- 1942, and $100,000 on July 16, from taxes without limitation as kopf, Hutton & Pomeroy, Inc., 1943. Other, bids: Warren Na¬ to rate or amount. Bids shall be Newburger, Loeb & Co., Alfred tional Bank of Peabody, $200,000 conditioned upon the unqualified O'Gara & Co., Edward Lowber at 0.63%, and $100,000 at 0.72%'; Stokes & Co., H. C. Wainwright opinion of the purchaser's attor¬ Merchants National Bank of Bos¬ & Co., William R. Compton & Co., ney approvinglegality of the ton, 0.63%; First National Bank of bonds. Cost of opinion and for Mullaney, Ross.& Company, and Boston, 0.73%. ; ; Daniel F. Rice and Company. printing the bonds to be paid for In addition to the accepted bids, by the successful bidder. A cer¬ MICHIGAN the Halsey, ..Stuart account also tified check for 2% of the bonds Avon and Shelby Townships Frac¬ submitted tenders of 97.519 for bid for, payable to order of the tional School District No. 2, Mich. IV2S, a net cost of 1.635%, and City Treasurer, is required. Bond Call—Frank W. Guthrie, 100.409 for l3/4s, a net cost of Treasurer of the Board of Educa¬ Ypsilanti, Mich. 1.724%. A syndicate headed by Bond Issuance Deferred—H. C. the Chase National Bank of New tion, calls for payment on Oct. 15, 1942, at par and accrued in¬ Holmes, City Clerk, reports that York was second high in the bid¬ ding, offering 95.079 for l%s, a net terest, refunding bonds Nos. 15 to issuance of the $134,000 municipal 17, dated April 15, 1937, denom. hospital construction' bonds ap¬ cost of 1.77%, and 98.929 for l3/4s, $500, due April 15, 1962. Bonds proved by the voters last May 25 a net cost of 1.809%. Among others to 1107, Sale Minn. The $16,480 improvement certifi¬ — indebtedness offered Sept. 18—v. 156, p. for 907— awarded to Piper, Jaffray & Hopwood of Minneapolis, as iy2s at par, according to the Village Clerk., Due $1,648 on Oct. 1 in Bonds Sold been Referendum No. 46 is sold. an act au¬ thorizing the State to contract debt of $350,000 in excess of the Columbia), constitutional limitation and the bonded present The over indebtedness Baum, Bern- for Northern Montana College. City, has The bond issues would be util¬ recently $25,000 road ized for the construction, repair, and bridge bonds as iy8s, at a remodeling and equipping of nec¬ price of 100.06, a basis of about essary college buildings. 1.11%. Denom. $1,000. heimer Co. — of Kansas purchased Dated Sept. Due $5,000 from March 1, 1944 to 1948 incl. Prin. and int. 1, 1942. NEBRASKA Broken Bow, Neb. County Treasurer's office. Bonds Sold—It is stated by F. A. Legality ap¬ proved by Bowersock, Fizzell & Rausch, Superintendent of the Rhodes of Kansas City. ■ / Street, Water and Sewer Depart¬ ment, that $326,000 paving and in¬ " Boonville, Mo. 1/■/ tersection refunding bonds have Bonds Sold—The Baum, Bernbeen sold. heimer Co., and Piersol & Co., both of Kansas City, jointly, have NEW JERSEY purchased $32,000 street improve¬ (P. O. Atlantic ment and judgment funding bonds Atlantic County City), N. J. at a price of 100.139, a net inter¬ est cost of about Bond Sale Pending—It is stated 1.39%, on the bonds divided as follows: $24,000 by G. M. Parker, County Auditor, as iy2s, due on March 15 in 1944 that $15,000 county tuberculosis1 to 1951; the remaining $8,000 as hospital bonds authorized recent¬ iy4s, due on March 15 in 1952 and ly, will - be sold to the County 1953. Denom. $1,000. Dated Sept. Sinking Fund. 15, 1942. Prin. and int. (M-S) pay¬ Carlstadt, N. J. able at the First National Bank, Refunding Considered — Bor¬ Kansas City. These bonds, author¬ proposal for partial re¬ ized at a special election held re¬ ough's funding of its debt by issuing cently, in the opinion of counsel 23/4% refunding bonds will constitute valid and legally $182,000 was taken under advisement by binding obligations of the city, the State Funding Commission, payable from ad valorem taxes which may be levied against all pending receipt, of a report from (M-S) payable at the , , ' , of the taxable property within city without limitation as to the rate Dunellen, N.J. amount. Legality approved by Bowersock, Fizzell & Rhodes, of Kansas City. or its auditor. Carterville Sch. Dist. (P. O. Carter- Sale—The Bond or registered assessment bonds ment $38,000 coupon local improvement general improve¬ offered Sept. 21—v. and 1003—were awarded to the Bank of Dunellen, Certificate Sale The $1,643.35 the Board of Education states that as 1.30s, at par. The $18,000 local certificates of indebtedness of¬ $7,500 construction bonds ap¬ improvement issue matures serial¬ fered for sale on Sept. 15—v. 156, proved by the voters on Sept. 1, ly on Sept. 1 from 1943 to 1947 p. 907—were purchased by the have been sold. Due serially be¬ incl., and the $20,000 general loan Security National Bank of Hop¬ ginning on March 1, 1944. is due annually on Sept. 1 from $218,000 series 1 bonds. Due Nov. kins, as'3V4.s at; par, according to 1943 to 1952 incl. All of the bonds 1, as follows:; $8,000 in 1946, the St. Charles, Mo. Village Clerk. Due $308.87 on are dated Sept. 1, 1942. Among Bond Offering—Sealed bids will $5,000 in 1947 to 1951; $10,000 Sept. 1 in 1943-to 1947 incl. Other bids were the following: *n 1952 and 1953, and $15,000 be received until 5 p.m. on Oct. Peoples Trust Co. of Dunellen, par St. Louis Park, Minn. in 1954 to; 1964. Rate of in1, by F. B. Brockgreitens, City for l%s; B. J. Van Ingen & Co., ""terest to be in multiples of Certificates Sold—Village Clerk Clerk, for the purchase of $66,000 Inc., 100.15 for M%s; < Minsch; % of 1%, not exceeding 3% Joseph Justad states that $2,250 judgment funding and public im¬ Monell & Co., 2s, 100.40; H. L. per annum to Nov. 1, 1947, certificates of indebtedness were provement bonds. Denom. $1,000. Allen & Co., 2s; 100.23. ; V not exceeding 3Y2% per an- offered on Aug. 31 and were Dated Oct. 1, 1942. Due on April \ c ti'i num thereafter to Nov. 1, awarded to the First National 1 as follows: $3,000 in 1945 to Englewood, N. J. * " ,.-n\ • 1950,, and not exceeding 4% Bank of Hopkins as 3s. 1952, $4,000 in 1953 to 1960, and Bond Offering—Sealed bids will v per annum thereafter until $5,000 in 1961 and 1962; Callable be received until Oct. 20 for the : Maturity—Mr. Justad also states paid; payable May and Nov. 1. ph April 1, 1948, or on April 1 in that the $6,000 street improvement purchase .of $60,000 refunding 32,000 not to exceed 3% interest, warrants sold any year thereafter before ma¬ bonds. This sale will be the third to the First National /'Series 2 bonds. Due Nov. 1, turity. Bidders to name a single Bank & Trust Co. of Minneapolis, phase of the $300,000 refunding as follows: rate of interest in a multiple of $10,000 in 1943 to as iy2s, at.a price of 100.112—v. program initiated in 1940. The ; -1945 and $2,000 in 1946. Ys of 1%, and. premiums to be Rate 156, p. 907—mature $2,000 on Dec. plan calls for the final issue of :;of interest to be in multiples paid for said bonds: (1) if issued 1 in 1943 to 1945, giving a basis of $50,000 next year. According to of % of 1% without option for prior payment, about David Van Alstyne, Jr., Finance 1.45%. Interest payable or (2) if issued callable on April All of the bonds will be dated J-D. Chairman, the issue is in reality 1, 1948, or on April 1, in any year Oct. 1, 1942. Principal and inter¬ a tax relief measure designed to thereafter before maturity, or (3) MISSISSIPPI est payable at the Detroit Trust level off the payment of bonded if issued without option for prior Co-, Detroit, or at any bank or Chickasaw Co. Supervisors Road indebtedness, which by 1945 will payment, and if issued callable on trust company in the City of De¬ take a sharp natural drop through Dist. No. 2 (P. O. Houston), Miss. April 1, 1948, or on April 1, in troit named by the School District the maturing of the major portion Bonds Sold—It is reported that any year thereafter, before ma¬ as a successor paying agent. Gen¬ of the city's indebtedness. $8,000 - 4%% semi-ann. funding turity. No bid for less than par. eral obligations of the District bonds have been purchased by Principal and interest (A-O) pay¬ Fairview, N. J. which is authorized and required at the Cady & Co. of Columbus. Dated able Missisisppi Valley by law to levy upon all the tax¬ ; Proposed Refunding—A refund¬ Trust Co., St. Louis. Bids must be Aug. 1, 1942.; able property therein such ad made on the form furnished by ing program providing for the is¬ valorem taxes as may be neces¬ Cleveland, Miss. the above City Clerk. The city suance of $200,000 in,bonds has sary to pay the bonds and the in¬ Bond Sold The City Clerk will furnish the legal opinion of been submitted by the municipal¬ terest thereon as the same shall states that $7,000 2y2 % water Charles & Trauernicht, of St. become due, without limitation as works improvement bonds have ity to the State Funding Commis¬ Louis, and will pay for the print¬ to rate or amount. Bids shall be been sion for its consideration. purchased at par by J. G. ing of, the bonds and the registra¬ conditioned upon the unqualified Hickman, Inc. of Vicksburg. Dated tion fee at the State Auditor's of¬ Garfield, N. J. legal opinion of Claude H. Ste¬ May 1, 1942. Due on May 1 as fice. Delivery of the bonds will vens of Berry & Stevens of De¬ Bonds Publicly Offered—J. B. follows/$500. in-1943 to 1948, and be made on or before Oct. 28. troit approving the legality of the $1,000 in 1949 to 1952. Prin. and Enclose a certified check for $1,- Hanauer & Co. of Newark are bonds. The cost of said legal opin¬ int. (M-N) payable at the Cleve¬ 200, payable to the city. , ion and of the making public offering of $395,000 printing of the land State Bank, Cleveland. North, Secretary of the Board of Education, will receive sealed bids until 8 p.m. (EWT) on Sept. 28 for the purchase of $250,000 cou¬ pon 1942 refunding bonds, as fol¬ lows: "/ 7 1943 to 1952 incl. 156, ville), Mo. v. . Bonds Sold — The Treasurer of p. First National — • County (P. O. Springfield), Mass. > Other Bids—The $200,000 notes, due Nov. 9, 1942, and awarded on Sept. 9 to the Union Trust Co. of Hampden - ► Springfield, at 0.369% discount; as reported in v. 156; p." 906; were also bid for as Bidder— * National First \t follows:;*^"'.• fp™; TV '■ of Bank ■Discount Boston.- 0.39^' . . . *' - . ■ . . Merchants National Bank of Boston.. 0.45^; National Shawmut Bank of Boston. Massachusetts (State of) In List Of Legal ■ . ■ 0.47ti /Changes In¬ vestments—The following bulletin (No. 2), issued by the State Bank Commissioner on Sept. 19, shows revisions latest the investments in the considered savings banks: - of for ■' ~ \ , list legal Added To The List Of July 1, 1942: Railroad Bonds v/ - \ - As of Sept, 15, ,1942 ; Atchison, Topeka Santa Fe Railway — California ). Arizona . Lines: First and Ref., Gold, 4Y»s, 1962; First and Ref., Gold, 4V2s, Ser. B, 1962. 1 ; Ser. A, * Railroad Equipment Trusts As of Aug. : 17, 1942 Railway Com¬ Equip, trust of 1942, Series Northern Pacific pany B, (Serially) 2s,' 1952. : As of Aug. 12, 1942 Southern / Pacific Company , Equip, trust, 2%s; 1952. Series S (Serially), .' As of Sept Potomac pany ' V Public Utilities i , , 16, 1942- Electric - Power First Mtg., 3Y4s, / Com¬ 1977. Removed From The List r (Pennsylvania System) Toledo, Walhonding Valley & Ohio R. R. First 4s, 1942; Matured . . - 9/1/42.. • Local .:, Units ; Cut . . , — . bonds will be paid by the School District. Bonds will be delivered at Detroit. check $4,177,926 in 1942 : Commercial and Enclose certified a $5,000, payable to the was as reduced compared Mt. Morris, Mich. Financial Chronicle City Clerk, will sealed bids until 8 p.m. Sale Details—The of the Chancery receive (EWT) on of here-in par - (State Proposed Bond Measures following Interest payable A-O. — The authorizing the issuance of bonds aggregating $1,040,000, are to be placed on the measures Referendum No. 45 will mine the authorization-of . Dated Sept. 1, 1940. Denom. $1,000. Due Sept. of) Tupelo, as l3/4s, as noted May, were purchased at ballot at.the November election: and mature $1,000 in 1943 to 1953. Montana Clerk Court states that 4% refunding bonds. MONTANA County (P. O. Tupelo), Miss. Bond Co. Bond Offering—Harold C. Rock¬ well, Lee the $11,000 county building bonds sold to the Peoples Bank & Trust Expenses— with the previous year, Henry F, • for School District. Spending by the 351 municipali¬ ties of Massachusetts , deter¬ an in¬ 1, as follows: $43,000 in 1950; $35,000 in 1951 and 1952; $40,000, 1953; $28,000, 1954; $154,000, 1955; $21,-000 in 1956 and $39,000 in 1957. Principal and interest (M-S) pay¬ able at the Garfield Trust Co., (Reg. TT. S. Patent Office) William B. Dana Company, Publishers, 25 Spruce Street, New York, BEekman 3-3341. Herbert D. Seibert, Editor and Publisher: William Dana -Seibert, President; .William D.- Riggs, .Business .Manager,- Published-twice-a. week-[-every Thursday' (general news and. advertising issue) with a statistical issue on Monday]» Other offices: Chicago—In charge of Fred.H; Gray, Western Representative, Field Building- (Telephone State.0613). London—Edwards & Smith, 1 Drapers' Gardens, London. E.C. Copyright. 1942 by William B. Dana Company.,'Reentered as second-class matter February 25, 1942, at the" nost office at New York, N. Y., under the Act of March 3, 1879. Subscriptions in United States and Possessions, $26.00 per year; in Dominion of Canada, $27.50 per year.--South and Central'Airierica; Spain/Mexico and Cuba; $29:50^per year? Great Britain; Continental Europe ^.(except Spain), Asia, Australia and.Africa, $31.00 per yeay.<. NOTE: On account, of-the fluctuations in the rates of^exchange,,remittances for foreign subscriptions" and advertisements must be-made in-New York-funds. * . THE COMMERCIAL & FINANCIAL CHRONICLE 1108 Garfield. approved Legality by Hawkins, Delafield & Longfellow of New York City. i Ho-Ho-Kus, N. J. W. Lucas, Bond Offering—John Company, Trust Company^ of$40,000 North America, Bacon, Stevenson sewer bonds offered Sept. 24—v. & Co.; Darby & Co., Eldredge & 156, p. 1004 — was awarded to Co., Emanuel & Co., Geoi'ge B. Francis I. du Pont & Co. of New Gibbons & Co., Inc.; Harris Trust York, as l3/4s, at a price of 100.045, and Savings Bank, Hornblower & Freeport, N. Borough Clerk, will receive sealed bids until 8:15 p.m. (EWT) on Oct. purchase of $28,500 not exceed 6% interest coupon or basis of about 1.743%, Dated Weeks, Sept. 1, 1942 and due March 1, as Co. 16 for the to registered land acquisition bonds. Dated Oct. 1, 1942. Denoms. $1,000 and $500. Due Oct. 1, as fol¬ lows: $1,500 from 1943 to 1945 incl. and $2,000 from 1946 to 1957 incl. Bidder to name a single rate of Y. Bond Sale—The issue of ' (A-O). payable at the Citizens First National Bank & Trust Co., Glen Cove, N. Y. Bond Refunding Approved—The State Department Audit and approved. the city's has Control of to • refund $78,000 The price for which application A ; '• the bonds may be sold cannot ex¬ bonds. ceed $28,500. A certified check Hamburg (P. O. Hamburg), N. Y. for $570, payable to order of the Bond Sale—The Bank of Ham¬ borough, is required. Legal opin¬ burg recently purchased as 1.10s, ion of Reed, Hoyt, Washburn & at par, a total of $8,400 highway Clay of New York City will be building and judgment bonds. Sec¬ ■ furnished the successful bidder. made passed recently Council reading ordinance an first issue to $28,500 improvement bonds. South •'" Mamaroneck, N. Y. Sale—The Note issue 000 tax notes offered of $240,- Sept. 23 was chase "< of the following coupon Company, A. C. Allyn & Co., Dick Merle-Smith, First of Michigan bonds aggregating $49,000: Corporation, Glore, Forgan'& Co.;, $40-,000 local improvement funding bonds. 4 Due on Oct. 1; $8,000 Hannahs, Ballin & Lee; Hemphill; in 1943 and 1944, and $12,000 Noyes & Co.;. Lee, Higginson Cor¬ in 1945 and 1946. poration, and Union Securities Corporation. ■ 4 ' "'■% ^9,000. public works bonds. Due i $200,000 on Oct. 1; $4,000 in 1943 and Baker, Weeks & Harden; Dom; $5,000 in 1944. inick & Dominick, Francis I: Du-Interest rate is not to exceed pont & Co., Eastman, Dillon & Co.; The bonds will Ernst & Co., Harvey Fisk & Sons, 3%, payable A-O. be dated Oct. 1, 1942. Bidder to Inc.; Gertler, Stearns & Co.; Hall name a single rate of interest, ex¬ garten & Co., Mackenzie "& Co., pressed in a multiple of a/4 or Inc.; Newburger, Loeb & Co.; L. F. l/10th of 1%. Prin. and int. (A-O) Rothschild & Co., Shields & Co.; payable at the Washington Irving Spencer Trask & Co.; Stern, Lauer Trust Co., Port Chester. Legal & Co.; B. j. Van Ingen & Co., Inc., opinion *of Reed, Hoyt, Washburn and White, Weld & Co. \ : ' & Clay of New York City will be New York (State of) furnished the successful bidder. the of Mamaroneck at 0.60% Bonds Sold—An issue of $10,000, water supply bonds was sold to the South Amboy Trust Co., South Dated Amboy,-as 2V4S, at par. for the Feb. interest. „ uncollected Permits Law Emergency ;A certified check for $980, payable re¬ Jo order of the village, is required. tax revenues fiscal year levied ending cent legislative session enacted measure a Rochester, N. Y. Chapter 578, Laws of 1942, amending the State War was as Note Sale—The $2,270,000 notes 1943. Legal opinion of (Offered on Sept. 18 were awarded Emergency Act, in relation to bor¬ Vandewater & Moore of to the Chemical Bank & Trust rowing by local units. New York City. Second high bid¬ Buffalo, N. Y. The act authorizes municipali¬ Co. and the Central Hanover Bank der for the loan was the Manu¬ Bond Sale—The $3,000,000 cou¬ ties to pay for the necessities of & Trust Co., both of New York facturers Trust Co. of New York, interest, life because of an emergency ex¬ City, jointly, at 0.575% pon or registered refunding bonds which bid a rate of 0.75%. offered Sept. 18—v. 156, p. 907— Sale con¬ isting on account of or arising out plus a premium of $1. sisted of $400,000 pavement re¬ were awarded to the National City of attack or sabotage. > New York (State of) Bank of New York and the Manu¬ Note Issue Sold—State Comp¬ "For such purpose a municipal¬ construction notes, $450,000 special facturers & Traders Trust Co. of troller Joseph V. O'Leary on Sept. ity may raise additional funds for local improvement, $575,000 tax Buffalo, jointly, as 1.80s, at a price 21 marketed an issue of $100,000,- war emergency aid -by the issu¬ anticipation 1940, $575,000 tax an¬ ©f 100.20, a basis of about 1.77%. 000 notes to bear 0.45% interest, ance of bonds, notes or certificates ticipation .4941; $250,000 budget, series. A, and $20,000 budget, series Dated Oct. 1, 1942. Denom. $1,000. for the purpose of financing gen¬ of indebtedness." Notes or certifi¬ Due $600,000 on Oct. l from 1948 eral B.sThe entire $2,270,000 notes bear government expenses, includ¬ cates of indebtedness shall mature date of Sept.-21, 1942 and mature to 1952 incl. Prin. and int. (A-O) ing the fall instalment of State within one year but4 bonds -isSued payable at the City Comptroller's aid in support of common schools. for such purposes would be gov¬ on May 21, 1943. ^Payable at the office, or at the Central Hanover Notes are dated Sept. 22, 1942, erned by a fixation1 of probable Central Hanover Bank & Trust Bank & Trust Co., New York City, mature on March Co., New York City. Legality ap¬ i 22, 1943, and usefulness reading: : at the option of the holder. Legal¬ i" "The period of probable useful¬ proved by Reed, Hoyt, Washburn were placed with 91 banks and ity approved by Caldwell, Mar¬ investment firms throughout the ness of * war -emergency aid is & Clay of New York City. / shall, Trimble & Mitchell of New State, on an allotment > basis as hereby determined to be 10 years A NORTH CAROLINA' York City. -' The act provides for reimburse¬ 'Y i | per the amounts indicated below: ment to the municipality by the : Bonds Publicly Offered — The ' / *. Randolph f County (P. O. Ashe-State to the extent -of 40% of the V ; > successful bidders re-offered the; ' $2,690,000 *, ; - boro), N. C. bonds for public investment at Chase National, National City, moneys so expended "provided t\ie Bond Offering—Sealed bids, will prices to yield from 1.45% to Bank of the Manhattan Company expenditures shall have been ap^ be-received until 11 a.m. (EWT), 1.80%. according to maturity.) Bankers Trust Company, Central proved by the State Department on Sept. 29; by Wy E. Easterling, NEW YORK Dillon, Bond Call—It is stated by P. M.' - . _ announcement was of Hanover Bank and pany. First National Trust Comof New York, made that the bonds had all been Guaranty Trust Company, Manu- Shortly after noon on the day the award, Other bids for the issue: ; ' intRate Bidder George Rate Bid Gibbons & Co., Inc., Bacon, Stevenson <fc Co., Roosevelt & Weigold, - ' B. Van Ingen J. . ' a Co., & Freres falo, and Associates Halsey, Stuart -& Co., ■ 100.155 Harriman Ripley & Co., Inc., Marine Trust Co. of Buf¬ Laaard Blair & ment 1.90% 100.399 Inc., ■ Ladenbuvg, Thalmann & .Co., and Associates.,....,. Chemical Bank & Trust Co., Kidder, Peabody & Co., Goldman, Sachs & Co., Associates 1.90% 100.334 Bl.vth 100.45 2% & 100.06 Co. Co., Bras., and Associates Schroder and ........ 2s, at a price of 100.631, a basis of about 1.95%—v.- 156, p., 1004— also bid for as follows: Bidder^D. ■ • Int. Rate ' 2.20% White & Co. Manufacturers 130.46 2.20% Co.. Trust Premium $142.85 Traders & Manufacturers National Bank of 2.30% Roosevelt Co., & Weigold, 100.00 2.40% Troy. C. F. Childs & Sherwood & Co 201.00 2.30% 109.00 2%%' 45.51 23,;% 50.00 and Inc...4. Commercial Bank & Trust Co. of Albany...... State Bank of Albany....... National . Cortlandt (P. O. Croton-On-Hudson), N. Y. Note Offering Johnson, Town sealed receive on Sept. 29 Oct. 1, tax 1942. fied by — Ellsworth Supervisor, bids until 8 E. will Trust notes. Dated speci¬ Bidder— Farmers Trust Company, Com¬ & & Govern¬ ; < , 1944 and 1949 to Nos. D3 1946 to 1948, $3,000 in 1951, $4,000 in 1952 and 1953, and $1,000 in 1954. Water, Sewer and Electric Light, to D74, Mil, M16, M19/ M29, M32, M36, M39, M23; M25, M42 and M45. Due May 1, as follows: $1,000 in 1945, $500 in 1946, $1,000 in 1947, $1,500 in 1948, $1,000 in 1949 and 1950, $2,000 in 1951, $1,000 in 1952, $2,000 in 1953, $6,000 in 1954, $7,000 in 1955 to 1958, and $2,000 in 1959. ; ... Payment of the principal amount of the bonds so redemption made after date will be called, called for on or presentation on of said bonds in negotiable form; accompanied by all May 1, 1943, and subsequent coupons, at the Chemical Bank & Trust Co.; New York City. Coupons maturing on Nov. 1, 1942, and prior,, will be paid presentation on render. Interest called.'.... Debt A sur-^ on date ;... ■, Rutherfordton, N. C. :Y .» v and - ceases ried /» Refinancing Agreement—. news report from Raleigh the car¬ following information: *> The North Carolina Local Gov¬ Commission ernment that.- announced had agreement an been reached with bondholders and the Town;of Rutherfordton of on a plan refinancing that town's bonded indebtedness of $448,537. The re¬ funding issue rwill extend over a period of 40 years at interest less than 4%. case E. The Rutherfordton bond> reviewed was Yates Court Webb before Judge United in States petition of the town representatives filed July 6 asking for upon the refunding arrangement. I Company; * C.v F. Co., Goldman, Sachs & Co.: Halsey, Stuart & Co., Inc.; Ladenburg, Thalmann & Co., La- zard Freres & ties Rich Co., Mellon Securi¬ Corporation, Merrill Lynch, & Fenner Co., Webster and . New York, Bank 100.409 1 •P/A/d' -v, and 100.33 & & Co;, and 100.20 Loeb . . 100:66' 1.60% * Halsey, Stuart & Co,, Inc 1.60% George B. Oibbohs & Co., " InCi, Roosevelt & Weigold,. •• and Baeon, Stevenson &■ Co. ;• 1.60% Blair & Co., Inc.,' and Graham, Parsons & Co... 1.60% Goldman, Sachs & Co., Mer- •' cantile-Commerce Bank & Trust .Co., and Equitable & Inc., Beane; and D. Stone W. another $600,000 Bank of New York, Federation Bank and Trust Company, Fifth earliest rate for . E. 1.60% Corp. H.* Rolliris B) J. & Sons, 4 . . 100.32 ' , Van York, City Bank of New and Lee Higginson Corp - 100.60 1.70% Niagara Falls, N. Y. Brown, Jr., City Manager, will sealed bids until White & Co...,.:...;.. 1%% Assel, KramerFuller.,..,1%.%., 100.14 t 100.07 11:30 'v Bond Barberton, Ohio Election — An v issue of maturities) and $50,000 street improvement bonds, the, balance, but will be considered by the voters for either amount bf bonds of each rate. bonds will be awarded to the re^ a.m. Ohio The bid¬ Bond Offering — William R. Ranz, Clerk of the Board of Edu¬ at the lowest interest cost to the cation, will receive sealed bids county, such, cost to be determined until noon (EWT) on Oct, 13 for by deducting the total amount of the purchase of $16,000 not to ex-: the premium bid from the aggre¬ ceed 4% interest coupon improve¬ Dated Oct; 1, 1942: gate amount of interest upon all ment bonds. der offering to purchase the bonds of the bonds until their . Certificate Offering—Charles H. ceive A. bid may name more rates 100.40 - National J. than two at the November general election. issue, and each Blue Ash Rural School District, bidder, must specify in his bid the no 100.43 Inc.,' Ingen &• ' Co.; inc.-, ri.60% '* 100.29 Havris Trust & Savings Bank, and First Boston Corp...;, 1.60% *' 100.27 and & Blodget, Inc. rates, not exceeding 6% in multipies of % of 1 %; -■ each bid may name one rate for part of The bonds of either issue (hav^ or ing/the 100.51 ., Securities . — - Co., Sher¬ Boettcher & Newburger, '& Co County (P.; 0,t Jeffer* son)> Ohio " v : The $15,000 de¬ linquent tax bonds awarded Sept. 8 to the Jefferson Banking Co., ' <•••' Other bids Jefferson, as 0.75s, at 100.03, a basis of about 0.74%, as reported4 A separate bid for each issue in v. 156, p. 908, were also bid for -"Z ;y,-' (not less than par and accrued in¬ as follows: :: f Int. Rate-Rate Bid terest) isTrequired. Bidders are .Bidder-^Ohio Co. of Coiumbus.....>. ]% - 100.02 requested to name the interest Seasongood & Mayer...'...... l\\% 100.16 rate Kean, &vCo.^1»%% Childs Ashtabula . v - l»/2% Bros, OHIO V National Co. F. Rate Bid 'Int. Rate Burr, White. Weld' and Bear, -Stear-ns Co., Taylor & Pierce, ■ York..... & Lehman C. " , Trust Childs New wood Company, Irving Trust Company, Liberty Bank, Buffalo; Manufac¬ turers Chase and of Coffin Co., mercial National Bank and Trust - - Bankers Trust Co.. $1,000,000; Brooklyn Trust Company, Bronx County Trust Company, City Bank ' the S110,000 Local Public of Albany, Bank p.m. for the purchase of lien Sale—The Nyack Trust , R. - Na¬ reported in these columns on Sep¬ gations; unlimited tax; ,delivery at tember 21ywe give below a partial" Company, place of purchaser's choice. There list of the unsuccessful bids; will be no auction. Company, State J .Albany; Bank tional Albany; United States Trust Company of New Colonie, Latham Sewer District York, Blair & Co., Inc.; Blyth & (P. O. Newtonville), N. Y. Co., Inc.; C. J. Devine & Co., First Other Bids—The $45,000 sewer Boston Corporation, Phelps, Fenn bonds awarded Sept. 16 to E. H. & Co. and R. W. Pressprich & Co; Rollins & Sons, Inc., New York, as were the Commission, at his office in Raleigh, for the purchase of the following bonds aggregating $88,- only;'general obli¬ 2% and Eastman, Dillon & Lehman of ment ; . Improvement, Nos. M9, M10, M12 to M15, M17, M18, M20, M22, M24, M26 to M28, M30, M31, M33 to M35, M37, M38, M40, M41, M43 and M44, to the amount of $26,000. ; < Due May 1, as follows: $2,000 in .• Company, and ...v.,.., , Secretary -r Bank-& pany, Buffalo Marine Trust Corn- Trust CoNyack, recently* pur¬ ooo: ■/ chased an issue of $5,000 street Pany, Buffalo; J. P. Morgan & Co., Inc.; Barr Brothers & Co., Inc.; improvement bonds as 3s, at par. $82,000 general refunding bonds, j f Due r on April 1; $24,000 in Harriman Ripley & Co., Inc.; Leh¬ Due in 1947.- V >> K?-: > M958 and $58,000 in 1959. man Brothers, Salomon Brothers Onondaga County (P. O. Syria6,000 school refunding bonds. Due & Hutzler and Smith, Barney & A % ' ; cuse), N. Y^'; ;;; $3,000 on April 1 in 1958 and Co. Other Bids—In connection, with 1959. •-//•• i $1,800,000 the Sept. 17 award of $444,000 rer Chemical Bank and Trust Com¬ ■j. Denom. $1,000. Dated Oct. 1, funding bonds to Barr Bros. & Co.; 1942. pany, Continental Bank and Trust Prin; and int. (A-O) payNew York, and Paul H; Davis & able in lawful money in New York Company, Empire Trust Company, Kings County Trust Company, Na¬ Co., Chicago; jointly, as:lV2s,;at City. Coupon bonds, registerable tional Commercial Bank and Trust 100.444, a basis of about 1.457% ", as as.to principal ' , Nov. 1: on Street , Inc., ^and Co., „4 Nyack,N;Y. \;' Bond ' , 1.80% Co. & White i -V • , & Co., C. F. Childs & Co., Graham, Parsons & Co., E. Lowber Stokes & Co. and R. D. B. '■ . * facturers and Traders Trust Com books closed; and the sold of Social Welfare." > Covington, Town Clerk and Treas¬ urer, that the following refunding; bonds are being called for pay-% . ■ ; i : ' New 28, Feb. Red Springs, N. C. 1 }■, - 1942, and due Municipal Borrowing—At the Issued against Sept. 25, 25, 1943. deposit accompanying his bid will be returned. - , awarded to the County Trust Co. Amboy, N. J. " of 100.29 for 2s was by the Bank of Blasdell. Town on • ond high bid Kearny, N.J. The In the event that prior to the' & Moore of New City. A certified check for delivery of the bonds the income' $4,000, ? payable to order of the received by private holders from* bonds of the same type and char¬ city, is required. acter shall be taxable by the terms Port Chester, N. Y. of any Federal income tax law, Bond Offering—Sealed bids will the successful bidder may, at his' tbe received until 2.30 p.m. (EWT), election, be relieved of his obli-: ©n Sept. 30, by Amerigo J. Dechigations under the contract to pur¬ ara, Village, Clerk,, for the pur¬ chase the bonds and, in such case, York & Ridge wood. — Vandewater - -Second count. multiple of or 1/10 of 1%. served. The approving opinion of Principal and interest payable at Reed, Hoyt, Washburn &' Clay, the Power City Trust Co., Niagara New York City, will be furnished^ Falls. Legal poinion of Dillon, the purchaser. , * , from 1948 to 1957 !; Brown Brothers, Harriman * & high bid of 100.19 Co., Fiduciary Trust Company of for 1.80s was made by C. F. Childs New York, Fulton Trust Company New & Co. and Sherwood & Co., both of York,, Swiss American of New York City, in joint ac¬ Corporation, Underwriters Trust int. Authorized 1 - $400,000 incl. and $3,000 incl, interest, expressed in a multiple of lk or l/10th 6f 1%. , Prin. and Bonds Peabody.& Kidder, and 1947 $2,000 from 1943 to follows: Monday, September 28, 1942 maturities. all .of tained. No bid the bonds for will respective less than be , Denom. 1 from $1,000. 1944 to Due $1,000 on Dec. Rate of 1959 incl. enter-, interest to be expressed in mul¬ tiples of lk of 1%. Interest J-D. Bids must be accompanied by a Registerable as to principal only (EWT) on Sept. 28 for the pur¬ Denoms. as bidder, Payable on Avenue Bank of New York, First chase of $200,000 not to exceed 5% certified check upon an incorpo¬ or as to both principal and interest June 1, 1943, at the Chase National Trust Company, Albany: Lawyers interest certificates of indebted¬ rated bank or trust company, pay¬ by exchange. General obligations, Pur¬ Dated Oct. 1, 1942, Bank of New York. Legality ap¬ Trust Company. South Shore ness. Due able unconditionally to the order unlimited tax securities. chaser to furnish legal opinion at of the State Treasurer for $1,760 proved by Dillon, Vandewater & Trust Company, Rockville Centre; Dec. 1, 1943. Bidder to name one Sterling National Bank and Trust rate of interest, expressed in a The right to reject all bids is re¬ ;his own expense. A certified check Moore of New. York City,' , Volume ^ . Number 4111 156 ' • „ ' ; ' , THE COMMERCIAL & FINANCIAL CHRONICLE I til noon (EWT) on Oct; 13 for the purchase of $9,000 not to exceed 4% interest coupon improvement for 1% of the bonds bid for, pay¬ able to order of the Clerk-Treas¬ of the Board of Education, is urer Bonds required. bonds. authorized were Dated Oct. > / PENNSYLVANIA bonds, of Federal legislation which in terms, by the repeal or omis¬ Carbondale School District (P. O. \ 1,1942.; Denom. { Carbondale), Pa. *; ,; sion Other Bids—The $50,000 refund¬ 1944 to 1952 incl. Rate of interest ing bonds awarded- Sept. 16 to S. Campbell, Ohio ; _[ to be expressed in multiples of lk K, Cunnnigham & Co., and Phil¬ Bond Offering—John B. Ross, of 1%. General obligations, un¬ lips, Schmertz & Co., both of Pitts¬ City Auditor, will receive sealed limited tax securities.; Purchaser burgh, jointly, as 2%s, at 100.315, bids until noon (EWT) on Oct. 10 to furnish legal opinion at his own. a basis of about 2.71%, as reported for the purchase of $18,000 4% in v. .156, p. 1005-r-were also bid expense. ' A certified check for' judgment bonds. •; Dated Oct. ; 1, ?.'■ 1% of the bonds bid for,-payable for as follows: 'V 'rf:: 1942. Denom. $1,000. Due Oct. 1, to order of the Bidder— Int. Rate Rate Bid Clerk-Treasurer of M.'.M; Freeman & 'Co...3J/4• ,;,100.82 '7 ns follows:' $3,000 in 1944 and the Board of .* Education, is / re¬ Katz~& Q'Brien-, and Charles A. Hinsch 1945, and $4,000 from 1940 to 1948 & Co...,..,,.,. 3«/4% V, 100.57 ; quired. Bonds were authorized Glover. & MacGregor r. 3',2% 100.127 incl. Principal and interest (A-O) at an election on Sept/ 15. { i .-J; Pohl & Oo, 3'^%, 100.83 at an election Sept. 15.L on ■ ■ $1,000. ;: Due $1,000 on Dec. 1 from 1109 of exemptions or otherwise, subject to a Federal income tax the interest character on which terms of the includes of the amount bid. ject to the successful bidder at the city's /Bonds May Be Subject To Call —Bryce Cleveland, Ohio Bonds Authorized Council of the Board v The — ^ Oct. City 1005, • ordinance are in all the be reported in as order Sept.. 15 passed., an authorizing an issue of $200,000 park " and'.: playground; completion bonds. 'vy/'^r%fj 1 on 1, v. callable in their the 156,. are favorable Cuyahoga County (P. Cleve-, O. reverse than redeemed tax the at are to time. / { •y one / ; . anticipation notes was sold to 5 City Treasury Investment funding bonds offered Sept. 18—v. Fund. 156, p. 827—were awarded to a syndicate composed of Halsey, Stuart & Co., Inc., H. M, Byllesby Due Dec. 1, 1942.. .* •11; J ' Steubenville, Ohio y/y Bond Sale—The $38,000 paving Sept. 21—v. 156, p. Co., both of Chicago; R. S. Dick¬ were awarded to son & Co., Charlotte; Illinois Co. 909 Fahey, Clark & Co., of Cleveland, as l%s, of Chicago, E. H. Rollins & Sons, New York; Kebbon, McCormick & at a price of 100.54, a basis :of Bond Election An issue of about 1.41%. Dated Oct. 1, 1942. Co., Chicago; Milwaukee Co., Mil¬ $25,000 land purchase bonds will and due Oct. 1, as" follows: $3,000 be waukee; Martin, Burns & Corbett, considered by the voters at the in 1944 and 1945, and $4,000 from and Mullaney, Ross & Co., both of November general ' election. 1946 to 1953 incl.- Second high bid Chicago, as 13/4S, at a price of of 100.43 for W2S was made by 100.16, 'a basis of about 1.72%. Penn Township (P. O. R. D. 1, Dated Oct. 1, 1942 and due $57,000 Braun, Bosworth & Co. of Toledo. cH.!; Wilkensburg); Pa* " »*--•{ «•/• on April 1 and Oct. 1 from 1945 % Bond Offering—John W. Wason, University Heights, Ohip:. to 1954 incl. The successful bank¬ Bond Sale—The $208,000 coupon Township. Secretary, will receive ing group made public re-offering refunding bonds.offered Sept. 21—j sealed bids until 8 p;m. (EWT) on of / the {bonds at«. prices to yield Vw 156,: p. 909—were awarded to !Oct. 5 for the purchase of $45,000 from 1% to 1.80%, according to Otis & Co, of Cleveland,'as • foR coupon township bonds. { .Dated maturity. ' Second high bid of Oct. 1, 1942.- Denom. $1,000. Due lows:/';7/yy/.;/y,, 101.28 for 2s was made by a Oct. 1, as follows: $2,000 from 1943 syndi¬ $100,000 series'1942-B bonds sold cate composed of Blyth, & Co., to 1957 incl. and $3,000 from 1958 *> as 2V2 s, at a price of 100.461, Blair & Co., Inc., Hayden, Miller to 1962 inch Bidder to name rate Due & Co.,;; Hawley; Shepard & Co., ///{a basis of about 2.45%. I; «$10,000 on Oct. 1. from 1947 to of .interest in multiples of V4 of Fahey^ (Clark & Co., Paine, Web¬ •VV,> 1%. y Registered as to principal 1956 incl. ' ' ' >' ber, Jackson & ; Curtis, Lowry 108,000 series 1942-C bonds sold only.- Principal and interest will Sweney, Inc., and Breed & Har¬ *//:;/as 21/4S, at a price of 100.38, a be-paid free of all taxes levied rison. ; bonds offered & — . ' J/ - 4 - . basis > i Sanitorium Debt—The Assumes sanitorium, terms of 1,, providing for the payment by the county of the institution's <' i Bond Sale—The $125,000 coupon widening bonds offered — v. 156, p. 827 -7 were awarded to Stranahan, Harris • & Co., Inc., of Toledo; asv 2s, at a price of 101.665, a basis of about 1.84%. Dated Sept.; Biddsr— Issue to Election—At election consider an Nov. Bond I Election—An and Otis & Stuart ^ ' issue of at the November election. Montgomery County (P. O.'/'/ ' Dayton); Ohio ' i! ' f Bond; Sale-^The $320,000 ?series J refunding bonds offered Sept/ 22 156, 909—were awarded to inc., and Ryan, Sutherland & Co., both of Toledo* jointly/as IVzS, at a price of 100.446, a basis of about 1.41%. Dated Oct.* 1/ 1942 and due $20,000 on May 1 and Nov. 1 from 1944 to 1951 incl. Second high p.- Stranahany Harris & Co., bid & of 400.421 for IV2S was made . ft . . .... Co.v7V> Co., Inc.. ■ - 4:'" •>'.-?i;" 1.388 00 . 2% : ^1.138.00 2^ 981.00 t 71 2S 1,501.83 / Mayer.,Uv.V.' Montgomery School District, cation, will receive sealed bids un¬ Co. { Water by a : : and Control Impt. Dist. No. 5 (P. O. Browns¬ ville), Texas Bonds Sold construction To r RFC—The Re¬ Finance is said to have Corporation purchased $700,006 , 1942 Tax 1942 i^evy—The the rate of interest. tax Dated Oct. 1, 1942. Due on Oct. 1, as fol¬ levy for the fiscal year beginning lows: $1,500 in 1943 to 1947, $2,000 Oct. 1 will be $13,407,490, second in 1948 to 1952, $2,500 in 1953 to highest in the city's history. Valu¬ 1957 and $3,000. in 1958 to 1962. ations of the various classifica¬ Principal and interest payable at tions for this year 168,930 as 70*t qqo <uo,99U are/land/$145,• compared with last $145,- place preferred by purchaser. 1Uirto4. „ year,^buildings and or No No _ and vpar* default default on on thrcstcnccL bonds being re: $259,223,550 fs; funded. compared with $257,199,250; tan¬ / It is the intention of the City gible personal property, $100,625,Council to sell the bonds at the improvements, tffhiAaSr^n^it ifrnidltv 0«m;q" gible personal property 800 $195^511,- against $221,859,500. From these sources the city will receive as the following real revenue: rate' or combination of two rates of interest which will bring the nearest interest. .es¬ accrued price .to par and accrued Bids lower than par and interest will not be con¬ tate, $10,109,812; tangible personal sidered. > Rate or rates bid must be property,, $2,515,631; intangible in multiples of {4 of 1%, The personal, property, $782,047. ;// award will be made to the bidder The largest single increase in or bidders offering the lowest net under any present or future law of valuation is in the case of Brown interest cost to the city. Alternate the Commonwealth; of Pennsyl¬ & Sharpe1 Manufacturing Co., bids will be considered on bonds vania. No bid for less than par which this year is taxed on a carrying a 5-year option. The and .accrued interest or. for less total valuation of $11,225,840 as bonds being refunded are of an than all of the bonds will be ac¬ compared with $8,971,340 last issue dated Oct. 1, 1935, due Oct. cepted. In the event that prior year. New England Telephone & 1, 1965 with 5-year option. Bonds to ;the: delivery of the bonds the Telegraph Co.'valuation was in¬ have; been called for redemption income received by private hold¬ creased from $2,186,640 last year on Oct. 1, 1942, at either the Chase ers from bonds of the same type to: $2,914,300; Nicholson File Co. National Bank, New York, or at and character shall be taxable by from $1,998,400 to y $2,409,820. the American National Bank, Aus¬ -the terms of any Federal Income American Screw Co., a subsidiary tin. The successful bidder will Tax Lawj. the. successful bidder of Nicholson File Co., and Gorham be required to advance the money may, at his election, be relieved Manufacturing Co /both had their required for redemption of the of his obligation under the con¬ valuations increased substantially. original bonds and carry them tract to purchase the bonds and without cost to the city, other than in ; such case the deposit accom¬ SOUTH DAKOTA the accrued interest from Oct. 1, panying his bid will be returned. to date of their Olivet Indep. Sch. Dist. (P. O, exchange for the Sale subject to approval of pro¬ refunding bonds which the city Olivet), S.: Dak; ceedings by the Department of In¬ will issue. All bids must be sub¬ Bond Sale—The $2,400 3% semiternal Affairs and the Township mitted on the uniform bid blank. will provide the bonds and legal ann. funding bonds offered for The city will furnish the printed sale on Sept. 21—v. 156, p. 1005— opinion of Burgwin, Scully & bonds, a copy of the proceedings, were purchased by the State at Churchill, of Pittsburgh. Enclose approval of the market attorneys No other bid was received, a certified check for $1,000, pay¬ par. who approved the series being re¬ according to the {Clerk of the able to the township. , > funded, or of J. P. Gibson of Aus¬ Board of Education." Due $400 tin, and will deliver the bonds to / Pittston, Pa. from Jan. 1,1944, to 1949 incl. the bank designated by the pur¬ Bond .Offering —John D. Mcchaser, without cost to him. En¬ Nulty,, City Clerk,, .will receive close a certified check for • ' • - v'..;;■:/'! ?■/'Perry, Okla. I Bond Sale—The $70,000 bonds offered for sale 156,v p. '' . airport Sept.-22 1005—were/ awarded on the Small-Milburn " Co. {of Wichita, paying a price of 100.016, according to the City Clerk. Due sealed bids until 7 29'for coupon, p.m. on Sept. purchase of $100,000 registerable as to princi- the Nashville, Tenn. Bonds Approved — * City Attor¬ 2% of the amount of the bonds, payable to the City Council. / ;. • ; / ? , ney W. • C. Cherry is said to have San Saba, Texas " improve¬ informed Mayor Thomas L. CumBond Dated Oct. 1, 1942. Call City Secretary $10,000 on Oct. 1 im 1946 to 1952 ment bonds. mings that the city's bonding at¬ Ralph incl. Whittington• i states that; f«~ \ Denom. $1,000. ; Due $10,000 on torneys, Chapmanr & Cutler of 4 Vz % ■ semi-ann. Oct. 1 from 1943 to 1952 incl. refunding bonds. Chicago, have approved a City Series 1937, numbered 1 to 213, Bidder to name one of; the follow¬ Council ordinance authorizing the Dallas, Ore. ; ;• ing interest rates for all of the issuance of $200,000 bonds for im¬ aggregating $213,000, are beingBond Sale—The $1,610.79 semibonds:.. 1%%, -2%,- 2Y4%, provement and replacement of fire called for payment on Oct. 23, at anni improvement bonds' offered the State Treasurer's- office. De¬ %", 2%%; 3%//3Vi%; or"3lk%. and police equipment, of which for sale on Sept. 7—v. 156, p. 740— nom. $1,000.* Dated The bonds and the interest there¬ Sept. 15, 1937. $100,000 have been purchased al¬ were awarded to the State Bond Due from Sept. 15, 1937 to on' will be payable without de¬ 1977, ready by the City Sinking Fund. Commission as; 214 s, at a price of optional after five duction for years from any tax or taxes, At the request, of the Board of 100.24, a basis of about 2.02%, date.; /■/'- ; Z •/':"* * ;• ••/:7; ' except succession or inheritance Puolic Works, City Auditor C. P. Due on Sept; 1 in 1943 to 1952; pal qnlyr funding and - - — n • taxes/now optional after Sept. 1, 1943; Union Co. Public ~ Utility Dist.' (P. O. La Grande), Ore. , Bond Election — It ern hereafter levied or v is reported wealth of Pennsylvania, all of which taxes the city assumes and agrees to pay. payable from General obligations ad valorem taxes Moore on prepared the fund condition Texas special report a of which " stated the sinking that ' the re¬ ■i. (State of) Proposed Constitutional Amend- ment-^-At the general election maining $100,000 of the bond issue Nov. 3, the voters will could pass on on a be safely sold to the fund proposed constitutional amend¬ if the apprqval of Chapman and ment which would authorize the Cutler were obtained and if the Legislature to provide for the is¬ taxing limitations im¬ bonds are kept in such condition suance, sale and retirement of by. law-upon cities of the that they might be sold on the serial bonds bonds, the proceeds to be equal in principal to in the acquisition of the East¬ third class... The enactment, at any open market if and when it be¬ the total outstanding valid and ap¬ Oregon Light and Power Co. time prior to the delivery of the comes necessary. \ ' ■ <v proved obligations (warrants), revenue used or assessed thereon under any pres¬ ent or future law of the Common¬ vember, the voters .will pass on Ohio the proposed issuance of $925,000 ,; Bond Offering—Morton F. Hoff¬ man, Clerk of the Board of Edu¬ Cameron bonds . . '■ that at the general election in No¬ by the Ohio Co. of Columbus. construction margin, , tb'J $5,000 fire department equipment will be considered by the —v. 2% Vk. $1,131.,00. iU V ;i ->■" OKLAHOMA —v. bonds voters 1 - 2rr Halsey, 3 5?'" ' Middleport, Ohio ; - the the ..voters -.will issue of $49,000 school building bonds.; ■■■• /y.:// Premium V:".'' . Bond i V Int. Rate Co. Braun, Bosworth & Cow r>h'o Co.. Liverpool City School District, ■':■■■{ ' ' Ohio ■/}■:,■■■ general v ■'/• McDonald, Coolidge & Co., and Fahey, Clark & Co.-.'.; Fox,-.- Reusch & Co., William ■J-. J* Merick?.Co.. and •y Crou.se, Bennett, Smith Seasongood // Other bids: .* fire East 15,/1942 and $6,000 from $7,000 from due Oct. 1, as follows: 1944 to 1958 inch/and $5,000 2% bond anticipation provide for purchase of department equipment.. Dated Sept. 1,-1942 and due July 1, 1944. notes / dated Oct. are Sept. 21 of sue 1944 - {1942::|'.^.; 1959 to 1963 incl. * * • street Authorized yffy The City Council has .authorized an is¬ ; Note , - Dover, Ohio 1 from • Youngstown, Ohio $720,640 bonded indebtedness. Al¬ though the debt- is payable over a 26-year period, the Board of Commissioners-said they, preferred to liquidate the bonds over a. 20year period • in approximately equal yearly instalments. No cash payments figured in the terms of transaction. 2.18%.:'« Due on ;:A11 of the bonds ment the about Oct. to 1952 incl.. y; the..agree¬ . of $12,000 county {recently, assumed control of the Sunny Acres tuberculosis wide — bonds Notes Sold—An issue of $146,000 re¬ . of said are have approved the issuance of $20,000 issued sub¬ opinion election an _ p. event that less outstanding Springfield, Ohio .■■V/'/':'v'v'"- //.."land), Ohio' Bond Sale—The $1,400,000 to Voted —At recently the voters . Direc¬ of tors, advises that the $705,000 re¬ funding bonds offered for sale on pense%////://:\//// "> Browning,:; Secretary- Treasurer ex^ Bonds held Townsend, Elliott Munson of Philadelphia and will be delivered 4% semi-ann. refunding, Series to the purchaser only if and after 1942 bonds. Dated April 1, 1942. Pittsburgh, Pa. Bond Offering — The Borough, the proceedings authorizing the Issued for the purpose of refund¬ Secretary will receive sealed bids; issuance thereof have; been ap¬ ing not less than a like amount of until Oct. 2 for the purchase" of proved by the Department of In¬ outstanding and validly binding $35,000 coupon bonds. Due serial¬ ternal Affairs. Enclose a certified bonds of the district. Legality ap¬ McCall of ly from 1943 to 1957 incl. Bidder check for 2% of the face amount proved by John D. of the bonds, payable to the to name rate of interest in mul¬ City Dallas. Treasurer. ;//•;, tiples of lk of 1 %. ,•/ //i.r ;;l'. /■;; Fort Worth, Texas (The above offering was pre¬ Bonds Voted—The City Secre¬ Johnstown School District, Pa. viously referred to in v. 156, p. tary states that at the election Bond Sale The $200,000 re¬ 1005.) ;:/•> held on Sept. 15 the voters ap¬ // funding bonds offered Sept. 23— proved the issuance of the follow¬ v. RHODE ISLAND 156, p. 1005—were awarded to ing bonds: $275,000 flood control a group composed of E. H. Rollins bonds by a count of 897 to 721, Cranston, R. I. & Sons;' Philadelphia; r Singer, Note Sale—The First National and $75,000 storm sewer equipDeane & Scribner, and Glover & Bank of Boston was the sole bid-'ment bonds by a count of 860 to MacGregor, both of Pittsburgh, as der for the $200,000 notes offered 683. l%s, at a price of 100.66, a basis on Sept. 23 and purchased the of about 1.64%i Dated Oct. Jourdanton, Texas 1, 1942 issue at { 0.84% /.discount basis. and due $20,000 on" Oct: 1 from Bond Offering—Sealed bids will The notes are dated Sept. 23, 1942, 1944 to 1953 incl. Second high bid be received until Sept. 30, by Mrs. and mature $100,000 May 24 and of 100.568. for l%s was made by Curtis Harrison, City Secretary, $200,000 on Aug. 23, 1943. for the purchase of $45,000 re¬ Halsey, Stuart & Co., Inc. » funding bonds. Bidders are to Providence, R. /. Lansdale School District, Pa. 'v name ■Watershed - Conserv¬ (P. O. New Philat 1 del phi a ), ■ Ohio)« /' !> '/■ :;• Dist. No. 2 deposited with the These bonds , Cons. Com. Sch. (P. O. Tyler), Texas East District ancy these TEXAS Bascom-Murph ■ payable at office of the Sinking Fund Trustees. A certified check Muskingum $350, payable to order of the /city, is required; /"Legal/opinion of .Squire, Sanders & Dempsey of /Cleveland will be furnished the or entitle the purchaser to the return ( for class contract of sale and . . a bonds, will, at the election of the purchaser, relieve the purchaser from his obligations under the ■ - bonds of • within posed the •11 id Shorewood Sch. Dist. No, 4 which will be owed by the Gen¬ eral Fund Revenue 1943..; " z • Sept. on 1, Z. Bond Offering—Bids . (P. O. j Shorewood), Wis. . Will be ' ; bid. ' WISCONSIN the /<•' 1 Bonds Sold—The City Clerk than re¬ not be will par ports that $1,200 3x/2% semi-ann. construction bonds have their Aug. price of 100.16, taxation ; if costs of! the war are to be met. X In a brief statement today, G. W. to furnish suitably en¬ graved bonds and legal opinion at sewer taken by one of the City's Dated Oct. 15, Funds. Pension Due 1942. Kramer states that at the election Sept. 15, the voters approved by a wide margin the issuance of air $150,000 p o r improvement t bonds, which are to be placed on the market as soon ments for necessary as arrange¬ land expense. are com-* behalf on of Finance that 000 the certificates, was deposit Dated banks, -at 0.75%". 22, 1942, and 1943. ■ * ;. . New Victory Loan Totals :Company and Issue— bonds, American $6 Corp., income debentures due 1963--—--Sep 24:747 747 X927J Sep 24 - V .due H, mtge.' 3'/a% bonds,,' ?!:; 5 , . 1 1st mtge. 5Vs'7c gold bonds, ser. B, due April 1, 1955-Oct Houston Natural Gas Corp., 1st 4s due Sept. 1, 1955 Nov -Kentucky Hotel, Inc., general mtge. 6% -gold bonds___^Oct Libby, McNeill & Libby, 1st mtge. 4$, due 1955_^.^_^__Oct 1050 514 •. ,, I'/f Bell 865 : 606 If f 783 i f 1839 961 1 2 1 $134 nroforrarl 15c ^ 1 inslor Personal 6 ; . ;$2:- Sl ^ 1 . : $2.20 10-24 l'/o 6r/< " t 10- 9-«15 Washing Machine, 7'v Easy * , 75c. Il-»»2" v — pfd. (accuitt.)zv; (quar.); "$1(4 (quarlKZ—Ji—-if ff" "$1% $6. preferred - 22c 10- 1 ' ' • 40c,j0,-l§"" 10- ,5 / :$1V4 3§c -J0-. 1 - • • 10- 1 .9-19 (quar.i— 11- ; & * . ' H9-30V 10- 1' Z? 50c 1 r>-< 9-21 10- 1 V'?; 9-21 50c . 9-30 '.Z-'* 9-21: 10- 1 . 872 a. fA 9-23" %2lk "$2(4 1-2-43 < 4-1-43 — r • .. -• 10-31 : 3c When ■ Air Reduction Co, (quar.)^— I , Extra 7%: -r Packing Co., common preferred Iquqr.)— .. Jo- 1 $2 j;:v. 6% preferred 9-23 ■ (9-25 9-15 -9-28'* • iquar. i $iy4 ■ — 9-18 ,' 10^15 * t ,.»*25c Fuller Brush Co., ■ . i - 9r30 'I, 10- 5 ? '10-. 1» i 25c ;Z— 1 :'Class - ' ? f25c 11- 2 1 *.50c c<55c 10-1 9-10 (quar.I;?$iy4-z*. 10-15 ? 9-30 ■ (quar. 1 iuZ'Ziz-i? class AA (quar.)Z-r:-_—— : , ------^ : ; •' . 16c preferred, preferred 10- 1 " 9-19 9-42 9-16 9-18 11 60C Gardner Denver Co., 15 c Z-^_- ' ' 2 9-18 10-22 y General American Oil of Texas, 6'f conv. 9-25 10 -: i t > 11 -K2X: 10 *f 10- 10 ■20W.I 7 10-29. Z5c. Z'ZZ'ZBc" "'l' 9-20 10 •15 tl5c pfd. .General Finance Corp. (qukr.). General Investors Trust (Boston)— ;* 9-39 10 •15 73c- Af $3 'convertible preferred (quar,)-Z-?? ? 10-22 11 -2 25c (quar.)_^_z_t common ■ 20c lnc.zz^Zz?z!Z'zwZZzz??-j <quar.iz,J_ZzwZ;.f:?4?.i;Z2Z:Z/??f$lV4;*4J0^ 10-1 9-30 10-20 ; Z'Z'Z - , • . Co.. 59 • 1st preferred iquar.t_Z__' V Sl'A • 10-1 * z ' * : 9-15 )"19-30 " 'preferred::Bl^„_?_z_~_-_?z„,.Z-'-^Z_Zz-At$0.0'>375 Z.Z 9.30 9-15 I'm preferred A_,.-__-_-—Z——__Zzt$0.10937 preferred Gr> .?? 9-30 t37l4c- Tu, eonvertible Quarterly ^Montreal)--- f ••• • f Harris Hall 9-23 • Hart & Coolqy 9-20 9-29 Hartford , • 60c . , $l>/4 10- Hartford Gas Co.Z common 9-93 ' 85 v"; 9-29 9-25 ' (quar.)Z^-Z-Z-ZZ;, ;5Z" 50c, :Z; 50c — Quarterly.' :^Z^z„«Z„zZ.z.^—Z^^.z-;--ZZ_:_Z ?/•■:" 'Saryard Brewing Co! v(irregular)^_„Z-r,Z--r- " 9-21 ; Zl Haughton Elevator, $6 prior Haverhill Gas Light Co .9-21 .• (quar.)__ Coirrmonwealth Life & Insurance Co. ' •Conn AC, 10- 3 0-18 G.) Ltd.,'common (quar.) >preferred, class A (quar.) ,,75. ?<rftfe.rrert -fowi/v, Consolidated Bakeries of • : - '((Louisville). ^_.t_ir,__Z„^',^_„^Z„z_.__„_.^„Z ' f 15c :..lOc * ." v 9-23 9-25 ' 10- '10-15: r 5 , r 9-25. z9«25.: * tquar.)Z-Z •tI5C".J 10-1 9-30 9-17, 9-17 1 9-21 9-30 15c 9-25 — $1)4 10- 1 9-23 25c pfd. .(quar.)___w . 10- 1 9-25 9-21 9-15 10-24 : 50C Agricultural Co.; (Irregular)^^—-^ 25C Haves Industries, Inc. (irregular),:—«zi-Z— Z'$lVa" Henkel-Clauss Co. $6 preferred (quar.)_—'' 'u: 75c Hershey<Chocolate louar.)——zi.-Z';.«ZZZZZ-Z Z?.,: " $1 : $4 convertible preferred (auar.)ZZ-Z-^,r— -,r?$,l'; Home TeL fc Tel. (Fort Wavne. Ind.) (quar.) 10-3 10- 9-18 1 1 8-31 ; Zzz^Z„^.zz_^zt._z' Canada 9-21 10-15 9-30 10- 40c Hawaiian 9-23 9-15 v 2 9-22 9-21 Hartford Steam Boiler Inspection & Ins. Co.— 9-29 common (quar.)Z_z_ ^25e ? j9-30,* 7ti'---prefftrred-'(nuar..)ZiZ.^iZ_i^^^Z'Z^ZZ'$l3/49-30 Commercial Banking, 7% preferred (quar.)V '95c-30- 1 $-1,20 prior, nreferred ;(ijuar.)i_-Zzw—,ZZ'--.• 30c, • 10- 1, Commercial Trust Co. (Jersey Citv) (quar.) 50c 10- 1 preferred 9-30 1' 11- ■ 9-*30 10- 8' 10-,1 : 683/Zc (quar-l'-ZzzZ—-_zzz- < Z 10-15 Co.■''(ouar,)z,zz^.ZZZ--Z-;--r.-;-?-i,,-.;v5("$l: Electric Light 10-15- 10-15 eon v. 9-25 9-23 1 •t$2V2 pfd. (quar.L Co.,' 55 preferred (quar.). "Co ;,"$£To i$iy8 10- 5 Z 10- v- 9-2L * Z 9-21 • 10- 1 t$i ^ Z-Z^ZZAZZ?^ZZiZ*Zzz2--^r?zZ!.Z; -Halle Brothers Columtms Dental Mfg., v f - • 10-1 , - 9-15 $5'-preferred-Zj.-zZZ-Z;-'','''?*:t$l'Vi'''<>'10-:''&! ,*":z 20c 10- 5 -'(quariZ^-^^Z,---25c Guarantee Co. of North, Am^r. :■• " 10-;,1 .. ??;?■: $1,: •t. preferred^^--_ZT__- 9-!5 preferred C-p"eland Cliffs iron, Z .Group Corporation, 6'Z , 9-22 9-30 50c 5$1 •' $114 10- 5 10-26 2VaC 'Z?Grqn'(i ■.Vaney'RrewlngZZ-ZZ-ZlzZZ-ZZ^ZZZZzZ: 8-28 ■ Cliffs, Corporation Cohen (Daniel) Co. 9-30 ■ $1^4 9-19* : 9-21 10 15c Clalveston-Houston - 9-17? ',9-19- (quar.) . -• 10-15 9-19 10 •1 75c A1 -(quar Fundamental Investors, 9-17 ? - . of Ree. 10-15 ,25q.19:15 jl0r-.3.-,. (qiuir.10-, .1' ?' p-ig , 10-15' 10 '/a 25c i. ;• ' -Albany Z?> 9-24- 9 •30 50c muar.)»-? IIV2CA- 10- 1 ChiJlieothe Paper,. 4.'/a 'X preferred, (quarj ■ .Sl'/fl ; 10-z 1 -■* City-- Investing Co., %%. preferred-^^—izzzi-' / t$l?/4-' -lO- 1 -Clearing Corn; ■tcuarj:_i_ZZ__--?l4Z;:?;":':>2^e'-?v 30- 1 , Holders Payable : 10-21 10 75c ; . preferred C_„__„--__r-,.__,______-_t$0.03375, , 9-30 Chibagd ds Bouthern 'Air -Lines,. Inc,-^-'CX "z,%-rr?"'■ v share ! 10-10 10-1 • (quar.)ui4 . 5' 10- 10-31 , \ 12-11 3-12-43» 10-15 25C (quar.i— 9-199-19 • ,10- 1 , , - ' 1 75c (quar. 1 (quar.) (irregular) *' * 1 10- $1'/» . Co., Ltd. 9-30 10-13, 1 , Great Lakes Steamship,Co,i^ZZZZZlZzizZZZw 10- 1 ?. 9-22 Central Hudson Gas & Electric, com:^"(quar^l ? 1 17czvlilis 2 - 1 9>-30 ;; Green (Daniel) Co., ioriimon; ((irregular)zZZZ 4*4-;-; preferred (quar,)_*^^_._—> 6'Z preferred ■ (quar.) SlVa — lO-. Lv-; 9-18 Central States Electric Co., 7? preferred. A-*' '?t43%c-!"?z!9^09il5? ';' Griesedieck Western Brewing (iyregular) .Z- ■ previously.announced, but (irregular) 1 10- 25c (quar;)— Quarterly I Case Lockwood & Investment News Department" in the week when declared. ■ ;■ " .? !>■ Name of Company 10- ; $1 Vb (quar.i__„f_ (quar.) —.r^r & Property Trust (Mass. preferred Carnation 792 and Fund, .-Inc. 6' 9-15- 9-25 10-10 . , 968 which have not yet been paid, Further details and rec¬ ord of past dividend payments in many. cases are given under the company name in our "General Corporation AffiJMed 10- , 872 ^ second table in Per 10-6 . '! The dividends announced this week are* 1 •'.C 1 ? . ! a II- 10-31 9-19 ?? Field (Marshall 1 & Co. (quar.)—.—i-.z— . 20e 10- 1 9-22 Filing Equipment Bureau, 4'1 - preferred-ZZ- " - ' t$3 ;:12rl8 ; 12- 3 First State Pawners Society (Chicago)— '<$■ •30 11- 2.,. 10-10:. Quarterly zzfi-4—;/v:\'$l.3/4l; 10 -MP: vlrr Fisher Brothers, $4 non-cum., pfd. (quar.)— • $1 25c — B'r zfollow with we 9-21! Zip- 1 PI 15c $1 t Vk'h preferred (quar.),—•' Fall River Electric Light (quar.) Z— ' Farmers & Traders Life Insurance (Syracuse,' * . N. Y.i (quar.)— Zz——Z—-—1-,-J - 9-19 43%c iquar.)_^ ^_._z Fairmount Creamery, common ' 10-.If,.9-25 *"10- l ,- f9-25. 25c ; fi'-v Then • 9-21 9-30 . (See Volume 155. show the dividends 5 •9-21: ' •' 967 grouped in two separate tables. In the bring together all the dividends announced the we < ■ DIVIDENDS which 9-30 |->PAff*rr<»rt 10*>7 hi.' m_i<* ' o.on 'ZV riana-nl TVTo«V>Pnm mmmnn' 9-18 : ■";Z'"f'S5c' '10- 1 z General Machinery Corp., common preferred series 1927-Z--------i--ZZ.SlVz" I10rl5 9-30 9-I8 10- I z Converters Co., Ltd. (quar^ZaZ-iz,?;!?:150cJ J0-311; /' 9Z30 "• $i>/« AVi'Ji preferred (qu'ar.')ZZZZZ___Z— 10-15 5 10- V VZ". Canadian Fairbanks-Morse, %'!, pfd. (quar. 1 ?' $$l V2 ;; lO-lS- -9-30 ??Gilmer:fL;-H.)'Cb.zz-.ZZ;zlZZZZZzzZZ^Z'ZZZZi -'( 20c t 10* 9-30 1 • :Cannon Shoe Co.. common (increased) v 20c 10- 1 Glatfelter IP. H.) Co., 6'4'Z pfd. (quar.)„_y zlz $1s/B 9-21' 9-18 9-25 ;, 5V2tt, ■ preferred,(quar.i 683/4C 10-1.'?, 9-21 ; Z Gleaner Harvester Corp. (irregular)__zZi.zz ;z,5:90c 9-12 ■' Z..04;:2(ZZ;Z :> 25c Capital Finance-Corp.^^Z-iZZ?^-^Zu.Zz?^zzz:4^:^;\75c^?.^9-25-,.-'?v-z.;z, Z" Globe Steel ■ Tubes .Co.Z-i-r.--V.— ■ 11- 2 ; 10-15 Carborundum Company ; Gotham Hosiery Co., I'm .. $1 9-30 9-22 preferred (quqr.)Z; ?V-:, $l3/4 are Current week. -10-15 y.1111-205 ; 10C . Esquire, Inc. (reduced) !_* ' Fafnir Bearing Co. (quar.)_'_—^ 10-,21" 9-23 V 9-24 jo- 1" $1-% M (quar.) Inc. fi'Z G'i ';. we 10-10 10-30 h 50c $1% 117Vic Electric Bond & Share Corp., $5 pfd. J*; 9-25 1 Canadian 966 < , : ser. A, due .1951—-Sep 28 .Westinghouse BldgH N. Y. City, 1st mtge. bondsv_— ^^Oct 1 Williams (R, C.) & Co., Inc., 1st mtge, 6s, dated 1935—Oct 1 Wood, Alexander & James, Ltd., 1st 6s, dated 1924 ;_Oct~, 1 first 9-30 10-10* 10-30 V? 10-15' ' r* Early & Daniel Co., common. 7'< preferred (quar.) *_ .California-Oregon Power Co>— 964 V 701 1 1 Dividends 9-23 ' • 10-15 y'$ 9-28* : J:' 15c Dominfon"Stores."l0c * > ,11-6 . Z—, common Brooklyn Union Gas Co._i Burkhqrt: (F ) Mfg., commoh ''789 ■/ 1, Union Water Seiwice Co., 1st SVaS, •Announcements in this issue. 9-30 f. 9-30 10-20 f $1 preferred—-- D^ainion Oilcloth & Linoleum (quar.)—Z— 9-25 : hon-cumulaUvcTconvertible J Dixie Rome Stores (quar. > 50c Co; Brompton Pulp & Paper ;; f' ' ; * -f'-i York Ice Machinery Corp., 1st 6s, dated Oct. 1,1927——Oct : 10-10 ■ —Oct 10-10" 25c — !— (C.) Brewer 2;; Taylor (Wm.), Son & Co., junior preference shares 11-16 10-26 ;f 25c i Products 9-26' 12-15 . 25c k r 9-124 9-24 • < - . Yards 1059 1 10- : . 20c; 10- (quar.) preferred Corp. 436 1 Stillwater Worsted Mills, hxk %-.■ debs., series A, due 1943_Oct 11-30 • 10-1 t$2 Detroit Gasket & Detroit Steel t ;9-28 Jo-1. . Callaway Mills 1956fOct Co. 1st mtge. 4s, ser A due Z >12-20 15c (A.i 50c Storage Warehouse Brink's, "165 1 ^__„Oct 'Springfield City Water : 9-30' 9-30 , 1057 . - 't$7 :?ll-25 62V2C ''** 11-. 1. iquar.);e Brass_Z-——— Brandtjen- &. Kluge t2288 Sep 30 '';*- ' bonds, due 1956_ Edison & Bourbon .Stock 2 _Nov ■Sisters, of St. Joseph, Alberta, 1st 6s, due 1937-1948„ Jan Southern Natural Gas Co., 1st mtge. pipe line 3lUrU . 2nd prelerred--- common 4(4^- Aluminum Boston • incl De Pinna common Brainard Steel North Boston Lighting Properties,; 3Va 'A secured notes, ' 'v .: 'r due 1947 V-'i867 "J" 7'i (quar.t Boston 785 , . — to 9-20. - 10-20 ^ Telephone of Pa. ri"'i; Quarterly ■ "C" 10- 2 9-30, 10-10 37^c : v« 1 . 1 2 10-20 preferred (quar.) -i.fi: preferred Associates, Boston " - 1st mtge. 5% bonds due 1952-^^Oct Pittsburgh, Cincinnati, Chicago & St. Louis Ry., con sol. 10-15 ; 1, 9-19 10- .v 9-30 (quar.) j Light preferred Bohn 433 gen. tntge. bonds; ser. A, .dated 1, .1935-Z„u-^—^.—19 Newport News & Hampton Ry., Gas & Electric Co., ' v 1st & ref. mtge. 5s, due 1944 Jan : 1 Noel & Co., Inc.. extension notes dated 1935 1 Oct 1 Co., 1st mtge. Is. due 1947— Gas Bobbs-Merrill, 962 1 .Parr Shoals Power Co.,, 10-20 ? (quar.i* Birmingham Fire Insurance .433 . 1 Ist prefetence stockZ-—^_.'—_^Nov • 10-1 -V ? ■f; $l3/4 ■ 10- . ' '10-23 11-30 v-' 11- 10-15 65c Co., 6? conv. pfd. (quar.) Derby Oil & Refining, $4 conv. preferred.. '9.-18 il-16 50c " * 9-18' i 10- l 10- ii'if!Common (irregulatffi-flL^ifiif^ifi—'■ 10c .J" Common (irregular' sSf v' 9-32 10- 11- 5, 10-15 ' Crocker Wheeler Electric Mfg.— a5c f 10-20 y-v 19-30 r f < — — ! fv' Creamery Package Mfg. -28 10rl5'v 9- '9-30 (quar.t_—:—_— Courier-Post Co., 7',* -preferred .^ 11-20, . 866 1 '1 Oct 9^30 11-2 preferred -.-I'm 9-21 10-14-' ,, 30c +$3 t$2% Rubber; ;60c. special pfd. (initial)— ' 11-16 -> A 75c (quar.i__—19.-30, *;!.9-30 : "r.. Federal Electric Co.. $lVa Class A„—Z_—Z— • ■ 25c Belt RR. & Stockyards, common (reduced)Z-' .v "z 50c ; TO- 1;v 9-20 ' Federated Department Stores, com. (quar.i_ 35c : .6^ preferred (quar.)— z " 75c 10- 1 r 9-20 •' 4V4^ convertible preferred (quafv)_iZzX'ZZ:ff;$li)6V4 Biltmore Hats; Ltd. (quar. ) :Z'_ ' tloc 10-15* 10- 3 " Federated Publications . 25c Nov. mtge, bonds, series of Ree. I 10-15* 2 ' Ptf'.L Dion convertible Beacon ■ Potrero Sugar ; (J. T.t ? 5'>i f New Mexico Utilities' Co. -Outlet Co.. Z Mr- 1 510-10. 20c .. , $1% (year end»_—^ - 9-30 11- ?12- 1 (Abilene, Bausch & Lomb Optical, 514 1 Utchfield ■& 1947— * ,15c preferred (quar.) Chemical, S'/a'/J pfd. (quar.i— BancOhio Corporation Bankers-Trust Co. ..of: Detroit (s-a) —_1_ 959 ; 3 .Michigan Chemical Corp., 5VaS debentures due 1949 Oct, Missouri Military Academy, 1st mtge. 6'y bonds Oct Moran Towing Corp., participating pfd. stock__-, —_Oct National Gas & Electric Corp., 1st lien collat. trust- Thrift Baker * , 1 Madison Ry.,- 1st 5s -due 1959——__^__,^ZNov Long Island Lighting Co., 5 V2 •% debentures, due 1952-_Oct Magor Car Oorpf 7^ preference stock-..' t. 1 Oct $1% ' Badger Paper Mills, b'u - 2 Converse $1% (quar.)* (quar.) (quar. >— Container Corp. of America ' ' pfd. "j60c, special preferred_u_j — Cooper (Peter) Corp., 6(4'k preferred——— 9-23 "" Corn Products Refining, common (reduced) — {**•%' * r $1 *4 ' ; Class 'B (irregular t Babcock & Wilcox Co. , bonds, series B, due lune 1, Holaere (quar.) Axe-Haughton Fund, S59 , 1 1st mtge. 6% gold bonds, series A, due July 2, 1943—Jan 5'f Payable ' -779 'Hartford Electric Light Co., 3'/? .'debentures dated 1937_Oct». 1 Heywood-Wakefield Co., 5',v debenture bonds..—.. Oct ; Home Telephone & Telegraph Co.— ; . Telephone Co. -preferred Automobile Banking Corp. $1.50 convertible preferred 864 1955JNov. > * ■, Del. ,(irregular) Autoiine Oil Co., B'/r :* 957 1047 ser, €„ due Seal-Kap of prior preferred Attleboro 956 !;:: 1 ' 1" lst mtge. & coll. trust 6'/2? bonds, * - 1 (q.uar.) Arkansas FUel Oil, 6V Associated Dry Goods, A floe 1 / Oct * Atlantic Rayon Corp., $2.50 prior pref. Eaton Paper Corp., 1st mtge. bonds^ due .1943C. H. R. Foundry Co., 4'./ debentures, due 1950 v* bonds, ser.^ A, due 1956_Nov. i' '' - Nov 9-22* . 9-24 European .Securities— preferred 1'ir 863 1 ; When share Company Consolidated Cigar Corp.y"6Vi'k 9-30 7%:. preferred 9-161preferred Anchor-Hotting Glass Corp., $5 pfd, (quar;) .f j. ;$i^4-r?-lo'-.l Apex' Electric Manufacturing, -25c^0- 1 1014 Duluth, Missabe & Iron Range Ry., 1st 3'/^s, due 1962—Oct •Eastern Car Co., Ltd., 1st mtge. 6^' bonds,, due 1952 Jan ; Name of .. .Ameot^».>l^rey.jfe<'Cal»te;.>('reduead) due 2 Inc.— . 1st preferred (quar.). lr/f 5% ;1968z.?-^I-_---U^-i:_ut?-??,^-U-?bct,^id;;!!;,;;-3'955 1st mtge. & coll. trust biz'* * $229,- ; : x gen. J 10- 1 a •• - - American Smelting & Refining, common • American 1st mtge,! 5s due 1944_Nov .. IzBi^S % QUEBEC Three Rivers, Que. Bonds Sold—An issue of Per OfRtOr Ai preferred American ' Cincinnati & Muskingum Valley RR., 1st mtge. 4s_—_^Sep 30 Community Power & Light Co. 1st mtge. 5s, due 1957—Nov I? Oeneral Public Utilities, Bonds, Loan interest, will be Holderi -<•' Si1/*" '-lO-'l *- __ Line; 1st mtge. 4VaV« ? bonds, 5c \ ____ pfdZ(quar.)„l_Z:.. Maize-Products, common^_>i^-i'i- ;t!/ " 5;Z75} preferred tquar.'' American Manufacturing Co„ common^ 50c Sl'Apreferred (quai:.j!__--!l-"----.-?_-:--American Safety Razor^ 25c; I ' I— ' • Mining Co., dVi'' deb.,*, due 1950-l-i.Oct 1 ' " •'.747 11827 mtge. bonds—-^Oct 1 10-year 5^ .notes, due 1945-'—Dec 15? '■/? v*:' Dallas Office & Club Bldg., Inc., Victory •' . .series effort and every be devoted to ensur¬ Scarborough Township, Ont. a Call —James O. Kessack, Township Treasurer, calls for pay? 5 ment on Dec. 15, 1942, certain-out* standing debentures, dated Jan. I, •1940, maturing in 1953 and 1954, Upon" presentation and surrender of said debentures at the Canadian Bank of Commerce, Toronto, pay^ ment will be made of the princi¬ pal amount thereof together with accrued interest to Dec; 15, .1942. ; Any debenture holders wishing to obtain payment of their bonds prior to December 15, may do so on presenting said bonds at said bank, where payment will be made for the bond, plus accrued Bond * 10- 1 * American" Print Works, 1st Atlantic Coast Line RR. Central Maine Power Co., 1st & (reduced quar.) preferred (quar. > Z«IZ Fidelity & Casualty Co. (quar.) American Home Products Corpi (monthly -. . mtgje. •Z t$l% (qutir.)_Z' . Serial 6'm " debentures dated 1st pfd. I'm American. "tZiLJz bonds due April 1, Temple M. E. Church V Payable . American Machine & Metals, InC; 4(m' de^. due 1943—LOct 26. 4'r debentures (as extended* due 1950—-Oct 26 series A, Dated 11 announced later. } When - Share American Pelt Co., 65 ; !' ■. 'due.; Feb; 1,1944_i^^lL.^ • ■ Houlevard every and* the rates of forj .J Per; " '(Reading, Pa.,)-*- f Vjj -Qiiaa-t-eyiy .v. -4 Date ■ Albany RR. Co. Main banks, at Sept. 8; 1942 and due March 9, 1943.! ! interest.' ; Canada (Dominion of) •" Canada's fifth war loan, announc¬ 000 -V-ktfe and 4% improvement ing that the Third Victory Loan x Deposit Certificates Sold — The bonds was: recently sold to Mr.k to be opened on Oct. 19 would Bank : of Canada announced : on Guy Bournival, of Three Rivers, have an objective of $750,000,000. 8 on. behalf of Finance Min¬ at a price of 97,22. ' IZ* * / \ American Casueity-Cb, /Anegh&tty.vporp., 15-year collab. trust con-v. 5% & Na¬ the Committee ■, success the. .Third $750;^ 000,000—Finance Minister on Sept. 18 raised his sights Amalgamated Sugar Co. Below will be found a list of corporate bonds, notes, preferred stocks called for' redemption, including those called under sinking fund; provisions. The date indicates the redemption or last date for making tend¬ ers, and the page number gives the location in. which the details were given in the "Chronicle." Boston chartered the to 0.75% of the forthcoming interest at the rate of 4*4%.to date loan." : 'Z vZZZ Z'Z'tZ ZZZ.i;''' :' i ^ 3'Denominations and maturities of of, presentation, < Z':z:zz,i ing the Sept. March 23, .American Aggregates, 5'* and Anaconda Copper of Finance penny must soldj chartered to Alberta Wood Preserving, •; Arnold sold ' Notices Owners thought, $40,000, t Allied War of! increased to the degree that every Minister issue of an Name of Company Redemption Galls - Sept.! 22 $125,000 cor-\ porate purpose hoteS offered for' sale on Sept. 21—v. 156, p. 911— a block of $80,000 was purchased jointly by Mullaney, Ross & Co., and the Channer Securities Co., both of Chicagq, at 234"%;. Dated! Oct. 15, 1942. Due on Aug. 15, 1943; optional on or after March 1,- 1943J'-J«.^:-;;; The purchasers were granted an option to purchase the remaining $45,000 on or before Dec. 1, at the Wis. tional Deposit Certificates Sold—The* which organizes loan campaigns, said that * the financial need "is Bank of Canada ahnounced; Note Sale—Of the Voted—City Clerk F -L.j Bonds Spinney,- Chairman Canada {Dominion of) "« Stevens Point, Wis. Oct. 16, 1960. on La Crosse, on own carrying are purchase of War Savings stamps . less value. Bidders will be j . Canadians 0.97%Dated at present, greater: support must 1942. Due on Aug. rl -ihi be given Victory Loans and the 1, 1947 and 1948. office.; for and • - cago, as Is, at a a basis of about required been sold 1941, June, . (M-N) payable at; Treasurer's District Bonds of White fish Bay Sch. Dist.' 'Noi 1 February this year. The First and (P. O. 1200 East Fairmount Ave.,, Second Victory Loans—each for Milwaukee), Wis. $600,000,000—the i January, ■ 1940; ; Bond Sale — The $60,000 semir $200,000,000 War Loan .and the ann. refunding, Series of.! 1942 Sejptember,1940, $300,000,000 War bonds offered for sale on Sept. Loan, all were oversubscribed. 23—v. 156, p. 1005—were awarded I, Mr.llsley. has stressed that in to i Daniel F. Rice & Co. of ~Chi^* addition to the new and heavier ''-Z'Z;y,:'Z!: 1 -Z Z; Z?,? V;:,, y Prin. and int. 1 (P. O. Green Bay Sewer Dist. No. Green Bay), Wis. .;; • •*'}?:(< tory <: Loans re¬ ceived until Oct. Victoria, Texas ; The objective is $150,000,000 ister J. L. llsley that an issue of higher than that set for the Vic¬ $45,000,000 deposit certificates was according; to rate, the City Clerk. 1, at 8 p.m., by Leo J. Landry, District Clerk, for Bond Offering Not Contem¬ the purchase of $111,000 not to ex¬ plated—City Secretary J. P. Daly ceed 4% semi-ann. refunding, Se¬ states that1 the $150,000 airport ries H bonds. Dated No, 1, 1942.! bonds originally scheduled for Due on Nov. 1; $55,000 in 1957, sale on June 22, but postponed, and $56,000 in 1958. A certified will not be reoffered for the dura¬ check for 2% of the par value of; tion. :V:; y/' /z..? > the bonds must accompany the ' 'Z interest same v . ^'rFpnqlutu^^RVantatipnvCoiu.<:ir);Pg9lgr?,r--V-rr~ ; ^.vHonqmu Sug&i' .:Cb,/;,Ltd,-^^^--'r-Z5-5.-Z--?rt' r Howell Electric Motors Co.ZZ-Z—;,•--- 11-16 9-30 •v. 20c'.; ; ? IOC - 10-24 , 10-24 11-16 ; Z 9-27 : . 10" 1.0 z-. *9-21';;, z.9,-»5;:-.: 9-30 9-2* Volume 156 Number 4111 THE COMMERCIAL & FINANCIAL CHRONICLE Per * Name of Company When share Hussman-Ligonier, 5y2% conv. pfd. (quar.)Y 5'/2% convertible preferred (quar.) Holders Payable Per of Rec. 68 %c 9-30 .68%c 12-31 12-21 dep. rets, for ord. shs. Indiana 3% .y______y! Independence Shares Corp.____ Independent Pneumatic Tool Co (interim) 4yac $5 pfd. (quar. Pipe Line 'CoY_YY~Y__ Inter-Island Steam & Navigation Co., Ltd.— Indiana Securities, 4% pfd. International Bronze Powders, 30c International 10- 1 1 9-21 10- 50c Fund Investors 1 10- 1 37>/aC (quar.)__ 10- 10-15 10- Inc._c.__YY__— V/o v-;. James Manufacturing Jeannette Johnson Glass 10-15 $1% 9-15 .Johnson Kansas Power & 10-1 20c <quar,)__„_ St. 1 $1 10-15 10- 5 4$l3/8 10- 6 Savannah 6 Schwitzer-Cummins Knapp-Monarch $2.70 $2.50 preferred Laclede Christy Laclede Steel Petroleum Lago Lamson & 9 11- 10- 3 Sessions, 9-20 1 4 Cruz Seaboard Finance $2 $2 ! preferred convertible Securities $21/2 preferred 9-22 9-22 9-22 9-30 9-22 Security Storage Co. ;(Wash.,' D. (9-30 9-18 Sefton 10-26 10c common.. (quar.)...: Investment Leece-NeviJle ,r Tire. & Co. Leland Electric 62 Vic 10-15 preferred Fibre Can Seiberling Rubber—*■; ;w: 9-19 10-15 9-26 10-26 10-15 Shasta Water 30c 10-10 9-28 Shuron Water Co. (quar.) Liberty Loan Corp., class A Class B (reduced quar. _! 11-26 10- 1 9-21 Simpson's, Ltd., 10- 1 9-19 Sloan & 10- 1 y 9-19 11-1 10-21 ;: 7Vic preferred (quar.) Life Insurance Co. of Virginia 1 7Vic.,; (reduced quar.). ______ 12- 87'/2c Simplex Tel. Class f 5% Tel. & A (quar.) preferred (Del.) _________ Lord & Taylor, J.), 9-30 10-10 9-30 YyYYY_Y-_Y yf 50c 10-10 9-30 Southeastern 9-30 Lowell : Valve 5l/a% (Irregular) Manufacturing Co.— non-cum. 7% \ 2nd 5% 27V2C . Manhattan 9-21 Calculating Marsh <M.) Mills & Sons (quar.)___Y—__Y 6% Corp., preferred Maryland Drydock Co., 1010- 10-15 10- 420c 10-15 — 7%. preferred Massachusetts Investors 6y2% Trust (irregular).!, Utility Associates— participating preferred tquar.) 19c 9-18 Suburban 9-23 Superheater 1 9-19 10-20 9-30 9-30 6% 35c . $1V4 v : 10-20 2 : . 11- 2 10-10 12-15 12- -1 $2y2 9-30 9-30 10-15 9-30 '.'tv! $3 (quar.) . Merchandise National Bank of Chicago— Quarterly — y__*y—yy__yy_.-~_ yy Mickelberry's Food Products— $2.40 preferred Midvale (quar.) Company , . Loan 5 '/2 % Society, preferred Montana $6 Power Montreal class (quar.) Radio Co. 60c Bank Northern States Power $5 preferred Ohio Leather Co., 8% Ohio 5% 6% Loan Discount, Packer Advertising Corp. Corporation Chemical Patino Mines & American Penmans, Ltd., preferred 9-24 Washington 10-15 9-30 West 9-30 1 9-24 10- 9 50c 10- 2 9-30 9-20 9-30 9-25 75c 9-30 9-23 t$iy2 10- 1 9-23 10- 1 9-29 $iya 9-30 9-30 $i 11-19 10-31 15c . 9-30 9-24 50c 9-30 9-21 25c 10-10 9-25 ; 20c 10- 1 9-25 $iy4 10-15 9-30 ,.,$iy4 9-30 25c 10- 1 $2 Y 10- 1 9-23 . 9-23 10- 1 9-23 — 10c 10- 1 9-30 r-r-r-i $l'/4 10- 1 9-30 $lJ/2 Y; $1 10- 1 9-30 10- 1 10- 10-15 10- 2yaC 10-15 475c 10- 11- 11-16 1 5 4$1 Vi 11- 2 10-21 $1,27 y2 12- 1 11- —__ $iy4 1 11- 1 10-15 30c 11- 2 10- 9 $1.10 11- 2 10- 9 —_—_ Pittsburgh Thrift ! ' u : Corp. . : . . » •r ; 10- 10c (quar.) .- American 1 9-19 12-15 12-15 1212- ' 5 5 9-30 10-15 , 1 10- $2 25c 10- 1 t$l 11- 2 10-15 10-20/ ."V 50c Y $l ! 10- 10- 8 10-14 $1% 10- v 9-15 Co. $5 Hard Hardware Home Insulator Corp. Insurance Investment $2 preferred 4$l°/4 10-15 9-30 50c 9-30 9-21 convertible 2nd Wisconsin Elec. Worcester Co. Worcester Suburban Wurlitzer 4 Electric (Rudolph) Co., 11-16 11-16 9-30 11- 50c 2 9-25 2 9-29 10- 2 9-29 9-25 9-17 ! TO- 10-15 9-25 10-10 10- 10c 11-30 11-20 9-25 9-17 & ——— Checker Cab Youngstown Steel Car Co. (Consol.) Co. (quar.) - t$l 10-15 10-10 Y 15C 9-30 give the dividends announced in previous weeks and not yet paid. The list does not include divi¬ dends announced this week, these being given in the v 10-21 15c /f,-J (•• ♦ 1 9-30 9-16 10t 2 9-10 Art Arundel Per W. Properties, class cumulative class A Abbott 4% Laboratories, preferred Acme Stock Co. Adams (J. D.) : (quar.) Addressograph-Multigraph Corp. Aero Supply Mfg., class A (quar.)____ (quar.)__________ Aetna Casualty Quarterly Aetna Insurance Surety Co. 5% Aetna Life Insurance Co. ; t ( ; " Co. 5% 1 9-10 9-28 25c 10-10 9-23 10- 1 8 8 9-25 t . . "i. i tf pfd. 30c $iy2 — in o o — Co.— ;> 1 9-15 10- 1 9-10 2 9- 5* 10-15 9-15 10- 1 9-10 10-15 9-30 1 9-15 20c '■' 10- 9-30 9-12 9-29 9-11 (final) 7% pfd. Corp.!_— 10-23 9-29 $iy2 10- 1 9-15 $i% Light, $6 pfd. 10- 1 9-15 $1% 10- 1 7%% — (quar.)_— (quar.)—___ i2yac 9-28 9-12 9- 9 50c 1 9-19 10- 1 9-23 25c (quar.) Ltd. (quar.) 10- 50c of (quar.) ; 10- 1 9-21 com. 9- 1 9-30 9- r 9-30 9-21 t25c _______—_— Co., 9-30 Ltd.— Canada, 9-10 1 9-10 9-30 9-12 $l»/4 "9-30 9-12 50c 9-30 9-19 $2y2 11-10 ■> 10-23 $iy2 10- 1 9-19 775c 10- 1 9-19 $iya 10- 1 $1 11- 2 1 (quar.) (quar.)Y_— 9-30 50c t$l% (quar.)—._—_—-—— Investment J20c 10c : (quarJ—. common ——YY (quar.)—_ Co., 6% preferred (S-a) — preferred — preferred convertible A (quar.). Autocar Co., $3 .preferred (quar.) Automobile Insurance Co. (Hartford) (Quar.) 10- 9-15 75c 10- 25c 10- 1 10- 5 9-18 9- & Sons Co., com, 4 50c 1 9-19 10- 1 9-19 7c 10- 1 9-15 7c 11- 1 10-15 12- 1 11-14 10- (irregular)- (quar.)— Avondale Mills 10- 37'/ac 7c (B. F.) preferred (monthly).———— YY— Monthly —;—-----—— r— Welt" (quar.)— Co. preferred (quar.) Bangor Hydro-Electric 7% 6% 6% 2 9-22 $iy2 10-15 9-30 $i% 10- 1 9-10 $i'/2 10- 1 9-10 12yac — — Company-r preferred — pfd. (quar.) (quar.) — — Trust & Savings (quar.)— _«———~ Bank of American National Association, . Common common (quarterly) — 9-4 Bank of 9-17 Bank of New 30c 10T 1 9-4 Bank of. Nova .> 10- 10- 25c 4% 9-14 -! 9-10 f $iya 1 .• 9-1? $2.25 ______ 1 i 9-10 9-30 $1% (quar.)__ Co. 10- y. 1 (Indianapolis)— 10- • 10- i2y2c (s-a)— Manhattan Co. (quar.Y " 9-18 1 . $2 >. 1 10- $iy2 Y;Y'"... __Y 40c (quar.) 9-15 10- 60c $iy8 — —__Y_ 10-15 50c (quar.)—Y___ (quar.)—■___— preferred A Atlanta Gas Light, 6% preferred (quar.)— Y Atlantic Refining Co.— ' * / ; !>. < 9-18 10-. 3 4 99- non-cumulative Baldwin TO- 9-21 9-15 12- 1 cumulative Backstay 9-19 1 12-15 Coast Line RR.—r V Atlantic 9-20 10-15 9-30 10- 9-15 1 9-20 (Hartford)-— (Hartford) $1% Hegeman Electric__—___Y_-—_ preferred 9-15 (auar.)____ 10-15 10- $1 & 10-15 2 10- Atlantic "City. Fire Insurance Co. 1 15c 2 11- 25c (Del.), preferred 1 37VzC 1 11- 30c (ordinary regis.) & Breweries Common 7% of Rec. 20c __Y 10- 30c Construction— Associates 9-30 6c 62yac Y; 37'/2C (quar.) ,/! (quar.)_^— Co. Associated 10- $1 9-15 t75c Ashland 'Oil & Refining, 10- (quar.) Co. Holders Payable 40c 1 noc 10c (quar.)„____ 10- t62yac Tel. Corporation, 30c (s-a)_____ common (quar.) Mfg. When share 3 50C (quar.)—_ Y" pref. common Corporation Asbestos 6% 1 3 9- Mining—_ Powdr Metal Aver-y Name of Company 9-18 9-14* 9-18 9- 25c Constable Arnold Atlantic preceding table. Co., & Copper Armour-& 9-22 we 1 9-30 1 Stores preferred 6% Below 10- "Co., $6 preferred-. (quar.) Stamping Arrow-Hart 1 ol. A__ 9-15 Y 1 iquar.) 9-19 1 9-30 10- (quar.) 9-30 9-30 20c (irregular) $i% 90c common— 7% preferred $7 . 50c .___ Snuff Arkansas 9-17 10- 9-30 —_!__—!_Y__Y_ Anglo Iranian Oil 10-15 $194 *Y 10- (quar.) Co. Ampco Metal, Inc. 9-21 4$iy4' 4 25c (s-a)_— convertible preferred (quar.) Water Works & Electric 1st Andes 10-19 40c 9- 1 9-11 10c — Tel. $6 10-19 $i% 10- 10- 1 20c Co., class A preferred 4% 1 $iy2 5 111.— American 9-25 9- 10" 9-18 75c (quar.) Sugar Refining 7% 10-15 2 $lVa (quar.)1 pfd. Common 1 9-15 11- 9-18 9-18 — (quar.). American Tobacco Co., 6% pfd. (quar.) American Trust Co. (San Francisco)— 9-21 10- !' — American 9-15 Co.—" "■ V2% 9-30 9-21 \ 1 ( 10-15 25c . Y 1 75c of American 9-22 30C $i (quar.) (auar.)—: 10- 10- ' Rolling Mill Co.— American 9-26 9-30 $iy4 (quar.)—Y—yy—l & Electric Salt .1 10-15 25c Co. American States Insurance 1 $iy4 (Newark) convertible preferred Screw Co .American 1 10- 37y?c _y——_—— Power 10- 10-15 ' 11-15 9-30 ___YY— of Del. preferred preferred Y.: 6% 5 10-15 9-15 i ; 12- 9-30 75c ,(quar.)_Y Locker American 9-19 2 9-21 11-25 YYY: American 10-15* • Cos. Co., 7%■ pfd. Wisconsin Gas 11- 10- 1 10-15 $1.18% .___Y_Y_ (quar.)____ Corp. (monthly) 9-23 10- 15c (quar.) Light & 1 9-29 $1 * preferred 10- 10-15 87y2c — 5% 1 25c (quar.) —_Y_—YY (quar.) _______ Weston (George) Ltd., 5% pfd. (quar.) Weymouth Light & Power (irregular) White Rock Mineral Springs— 7% 1st preferred (quar.)—YY_-_— Winchendon 10- 25c 10- Co Light & Traction, common American 9-15 25c '? $5 9-23 nv* Co Massachusetts 9-30 i7y2c 9-12 15c 25c (quar.) preferred 4 y2% • —_ 1 $1% Products Power & Light 9-21 . 10- $iy4 preferred American 9-22 , 9-12 (quar.) _____ (quar.)— Optical 1 14C 1 Co.— Steamship Paper Goods, 9-30 50c 10- common. American 9-22 : pfd. Leather— convertible 5% 9-21 10- 9-12 15c (quar.)___ American 9-30 $4 1 (quar.)_______ 5% (quar.)_ American 9-30 t$3'/a 10- — —__ (Ga.) Rubber, 9-15 15c 12V'2c (quar.) (quar.) Electric & preferred Hawaiian 6% 9-24 50c $iy4 Light Co Electric 6% pfd. 9-15 — — American 2 75c quar.) Y---!Y-YYYY preferred 9-25 9-24 9-30 9-28 9-15 $l'/2 9-30 9-15 1 10c 50c 9-21 9-30 Y 5c 9-28 10- 1 $iy2 American 6 1 50c $40 — 9-21 10- 9-18 American 5 -TO- 9-22* 1 9-30 American 9-23 1 10- 50c 10-13 10- 10- 35c common American ——Y 9-15 $1% 50c Co. American Hide & 9-23 ■• 1 1 Telegraph, preferred 6% 10- 10-15 American 10-30 Y 9-30 9-17* 10- American 9-17 11-16 7% 1 tl5c Y■.,■; 10- 50c preferred Gas 9-17 $la/4 $l3/4 Envelope Co., 7%. pfd. A (quar.) $iy4 preferred (quar.) •Y'" $iv2 Express iquar.) Fork & Hoe Co., 6Yo pfd. (quar.)_ $iy3 American Y 4%% 9-18 9-30 Export Lines, 5% American 10-20 1 9-23 1 10c Mills -i 10- $iy4 Pittsburgh Screw & Bolt— •G- 9-25 Co. 4% 75c — (quar.)___.,__ Fashion 10-10 Yy (quar.) Y 5 preferred (quar.)— Philadelphia National Bank (quar.)_________ Full Dist. 10- 9-10* 25c Discount American American preferred— A. P. Pennsylvania Electric Co., 5.10% pfd. (quar.) Pennsylvania Power Co., $5 pfd. (quar.)—— Pilot American 11- 1 9-18 Allegheny Co.________ Cyanamid Co., cl. A Class B (quar.)—_— 10-15 9-10* 10- Body Co Sugar, 9-30 11- 2 1 9-18 Y—Y—__ American conv. 10- 9-30 pfd. non-cum. preferred (quar.)_Y— 5% 9-15 10c of Co. 9-30 50c Steel & 1 9-30 common (quar.) 10-15 10- 25c Gas 9-25 1 9d. pay¬ funds.) preferred 6% 9-17 9-25 (quar.)_——______ common 9-17 9-25 $iv* preferred: (quar.) Yellow 25c 4.4% 1 9-21 (quar.) Philadelphia Electric, 10- 6% 10-15 (Boston) Co., common Co. Wire Penn 7% Western 4 $iy2 (quar.) (quar.) Tool 10-151" 1 10- conv. pfd. (quar.)______ Enterprises Consol, Inc.—■ / common Warren 2 10- $l3/4 (quar.) (dividend of 3s. Sugar 11- $1 (quar.) made in U. S. Crystal 50c Wailuka 10-15 5% shares ment will be 6Vo common (quar.)—— participating preferred Packer Park & preferred Coal 3iy4C 9-24 1st preferred 7% Coach American 50c 9-22 35c YY-Y (quar.)———— 2nd preferred (quar.) American 9-21 4 $1% 1 9-30 37y2c —___ 7T 9-21 1 (quar.)—r Industrial Alcohol Washburn ——— common— S. 50c (quar.) 1 12- 9-15 10- 9-30 ' preferred (quar.; American Cigarette & Cigar Co.— 9-21 9-15 1 8c convertible American 1 9-30 (quar.)_ — 9-15 Y- 10- 9-24 (Minn.)— (quar.) 9-15 Mfg., 1 10- 10c (quar.). Foundry, 7% 9-20 quar.) Co.—__Y—' & Pacific Insurance 50c : Bearings Corp—; Northwestern Nat'l Insurance .(Milw.) y 10- 9-30 10-15 10-15 7y2c (increased)— Central 1 — $1 9-30 10c Co.—___y'y*.—.4—, Company participating 35c — Car & American American $1% 10-31 50c — adj. pfd. American 9-15 $1% (quar.)—.y_— U. S. Smelting, Refining & Mining, com.—— 7% preferred (quar.)_____^—__y__ U. S. "Trust Co. (Newark, N. J.) (quar.) United Stockyds. Corp. 70c conv. pfd. (quar.) Utah-Idaho Sugar Co., class A (quar.)__ Vulcan Corp. $3 conv. prior pfd. (quar.)_Y $1% ,yNorth & Judd Mfg. Co. (irregular)__y—y" North River Insurance (quar.) ' Texas $3 9-15 U. — North 9-30 10-13 Nelson, Baker & Co.———— Ry., 10-17 37V2c Shipbuilding Co.— Torrington Mfg. Company— Towne Securities Corp., 7% pfd ——! Travelers Insurance Co. (Hartford, Conn.)— Quarterly h Y-Y_;: Tuckett Tobacco Co., 7% pfd. (quar.) Union Manufacturing Co.___yYYYYY-— .United Income Fund (irregular) ,_Yy United Milk Products, common-—Y"4_!lY-;;' 1 New Norma-Hoffman 2 9-15 4% pfd. 10- 25c common.. Capital Corp., $3 preferred—__YY 10- Toledo 11- (quar.) Mfg.——Y——___■ Y Naumkeag Steam Cotton ._yYY*—.____Y. Norfolk & Western ■9-19 437c England Confectionery New England Power Co., 6% pfd. (quar.) New River Co., 6% ■preferred——— New York Telephone Co. (quar.)———Y American Co., 7% 10- common— Banking Co. United (quar.) & Nekoosa-Edwards Paper Textile United Paperboard National Funding Corp., class A (quar.)—— Class B (quar.)—. _______ Screw Can 37 Vac (liquidating)—___ 'Telluride Power, 7% pfd. (quar.)— Terre Haute Mall. & Mfg. (reduced quar.)_ 11-25 _ National 9-25 1 3 $1.31 y4c Foundry, ,.-__!_!YY_YY-t.— (quar.) preferred 12-15 Corp. $iy2 (quar.) National Distillers Products Corp. (quar.)—; National Fire & Insurance Co. (Hartford, Conn.) (quar.)— Brake Shoe & Extra 5y2% Phosphate & Acid Works Iron 10-8 ... (Chicago) American , (resumed) ■ (quar.)___„__ American 10- 9-15 75c Y common— 9-23 Securities, $4 2nd pfd.___ (William) 1 — Boulevard Taylor 10-15 Inc.YYYY___YY'..; Manufacturing, 7% pfd. C (quar.) Nashua preferred Co. 1 Company——— 12- Mutual Investment Fund, Natl. 1 7 (Bait.) ,V. T. & Tel. (initial Electric 34 %c C.— Quarterly ____________YYLY-.——Y. Mountain States Tel. 1010- 37»/2c (quar.) (quar.) yyy —Y preferred quar.)___; 9-19 50c A ___ Light, Heat & Power Cons, Monumental 9-30 , I JYYYYYYYLIYY: Mid-West Refineries, $1.50 conv. pfd. Monroe $3 Note 10- 50c ;Super Mold Corporation (quar.)—!_—!___— Taunton Gas Light (quar.) 10-10 30c partic. pfd. (s-a) _Y (Bait.) (quar.) (Boston; 10-15 1 11- $iy2 Distillers, 8% Merchants Nafl Bank 2 11- 6% Bank American Business Credit, class A 11- 9-15 10- 75c 9-25 9-22 9-30 9-15 50c _YY_— B ' preferred.' (quar.)_y y YI—!Y Y yy YY Melchers Mercantile Trust Co. 11. 20c 9-30 1 (irreg.) '' H' ' State Street Trust Co. (Boston) Stokely Brothers & Co.— ! 5% prior preferred (quar.) o 1 10-15 10-15 (quar.) 10- $13A State Street Investment Corp. 1 9-23 $iy2 9-15* Corp.— 9-22 f40c (quar.)— Taylor-Wharton McCall Corporation (quar.) . : McCrory Stores Corp., 5% pfd. (quar.) Stores Co., common! __Y— Co. Service— Works- (The) 10. Public preferred 1 (. 9-18 (quar.) 9-19 40c 5% 10- 62«/2c McLellan & Elec. Co.— preferred Stanley 9-19 ' 10-15 Insurance 1 40c Massachusetts 5% ' non-cumulative preferred 10- common 25c American A 10- 40c t$lVi , 9-19 10-15 H7y2c 10-15 10c California Standard Wholesale 9-30 : Trust Standard-Coosa-Thatcher 9-30 (reduced)-Y v,-.: 25c $1% (quar,)—-*.—Yyy. . 5% 10-1 10-15 $1.06 y4 1 5 2 25c 9-30 10- 5 y 37 Vic (quar.) Investment Southwestern 3 10-15 Maritime Tel. & Tel., common (quar.) 7% preferred (quar.)_YYY-YYY Martel 10-15 Y 9-30 140c pfd. non-cum. Machine 9- 10-15 9-30 50c $l'/4 YL-Y™_ ! (Lexington, (quar,) preferred (quar.): Preferred 9-22 1 10-15 2c — Marchant 1 10- 11c Fund 10- 50c 50c 10-31 30c 25c Southern Railway 25c 50c Bakeries, class A American Bleachery & Print Works— Southern 9-21 ! (quar.). 12-15 10- $1 9-25 1 12-31 25c 1 1 $l3/4 10- 4$l5/8 (accum.)__ 9-25 10- 12-15 63c 5c 10- 1 • 12-31 Alliance ; Gas, 6% pfd. (quar.)__ (quar.)-t;________---____!.— Southern Franklin Process 7% pfd, (quar.)_ 10- . Extra 9-22 $1% Maple Leaf Gardens Ltd. 7% 7% 10-17 10- (quar.),—_____ ——__________...Y ■ Maxwell & Moore— yy Manning 2 $1% (quar.).. (quar.) Co., $2 class A pfd. Bond Southern 9-25 9-26 20c ____ Magor Car Corporation-.^.....!:— (R. C.) 1 preferred Southern Berkshire Pwr. Y;, Macwhyte Co. (quar.)___YY^yy__y__Y__y Mahon 9-24 ' conv. preferred 11- 1 10- y.'y $2 $iy» ... . preferred Lux. Clock Manufacturing Co Mabbett (G.) & Sons, Tfc 1st pfd. . $2 y2 (quar.) Bleachery Ludlow 37y2c (quar.). (quar.;__________Y ' 10- 9-15 50C 25c Y Ky.), $5 1st preferred 10-10 9-30 SIVY Smyth Manufacturing Co. (quarJ Snider Packing Corp. (quar.)___ Sonoco Products, common (irregular) 10-10 $1V'4 $l3/4 Asphalt Roof preferred (quar.) Class 9-25 1 9-15 9-30 35c preferred 25c preferred common 8% 2nd preferred , 6% ■■ . (quar.) 9-21 (quar.)____Y_____-_______ (Thomas 5 .! (quar.)__ 1 9-30 (quar.;__ 25c f ■■ ' Lipton 9-30 10- 15c 25c 6V2% Zook Co. 1 (quar.).. 10- 10-10 (.irregular) 10- tflass B $1 9-14* 50c common 9-25 — 75c (quar.) 9-25 1 9-30 $iy2 Mfg. Co.________ 10c 40c Lincoln American 1 1 9-17 America— (quar.)____________________ American 10- * (quar.) Y (St. Louis) Corp. Paper 9-22 10- Co.__ $l»/4 Lenox $3.50 Seven-Up Bottling 50c 9-30 $1V4 C.)___!____ prior pfd. - Optical Co.__ 'y American 6% Y $2.50 convertible prior preference (quar.)_ Y", 5% class A preferred (quar.)_____ 1 11-2 YYYcyYY^YYYY)! American $1% (qUar.)_ Co., 5% 10- 1 __ 9-22 9-22 50c 75c (irregular; 9-30 9-30 50c . 9-10 10- 1 10- 25c __ 20c Louis— of St. of 9-10 10-20 $iy4 Petroleum 50c (quar.) 25c _ Co... 10- Co. Common ;6 $1.75 '■ I __ preferred (quar.) _i._ Company, \lncY_Y_-__,_Y___Y_,_--__ Rubber Extra (quar.— 15c !_YY____Y_ Airlines, $4.25 pfd. (quar.) __Y American 9-30 preferred 1 Corp. (quar. Agricultural Chemical Co.— Amerada 9-22 1 $2 Lane Bryant, 7% Lee 9-22 1 _______ 9-10 1 10- preferred tquar.)._ Common (quar.) 7% preferred (quar.) 10-10 (quar.) V 10- 7% 10- 1 (irregular )___Y_Y_Y 1 , 9-15 9-30 50c — Corp., common, (quar.) 5%' Co. Manufacturers, ' $ 1 */2 10- common Goods $l'/4 5% 1 • 9-15 25c 25c preferred pfd. '(quar.)__ Ry., 10- conv, 1 9-15 43 %c Aluminum Cement-_-____________ Co 10- 35c Aluminum 9-22 1 10- '■ 10- 1 5% preferred (quar.) Allis-Chalmers Mfg. •Co'._lY_Y-!-YI__i.__: 10- 10c Y $VA 10- (quar.Y common A 25c Atlanta & ' Lane Portland 62'/2 C (quar.). YYYyY-^yLU_;Yp! Corp. Santa 67'/2c preferred Products.- Co.. 10- 12c iquar.) Clay 10- 10-28 1 9-21 15c - Special 6% 10- Inc.___ Aluminum , 10- :(5c Products, " iquar.)____ : 10-30 25c Allied Dry Dock & Shipbuilding Co., Ltd.— %, preferred .-(quar.) 10-30 ____ Laboratories, 8 Joseph Rwy.'Lt., Heat & Pwr.— Y 5%' preferred !(quar.)_ San Antonio Public Service Co.— Y.1;., 6% preferred series 1939 (quar.) 9-24 9-23 Allied St. 9-19 9-30 10-20 10- Co. 9-23 $iy2 i 10-15 Paper 9-21 9-30 9-30 11- John 5 y2 9-30 ■___ (quar. Stores Corp. ' 9-21 50c 13 %C s 8 T2-19 1 25c 10-20 25c 10- (Pgh.)' (quar.)„_ Fire. Insurance 1 9-23 12-29 5c Allemannla /Allied 9- 9-10 11- 1 9-18 10-16 1 9-30 12 ]/2c 10- 1 2 10- 35c Allen-Wales Adding Machine, common (quar.) . $6 preferred (quar;-) 25c 1011- (reduced)____ com. 10-20 Class 9-18 $1 y2 10-21 ... 9-20 1 $iy2 (quar.)___ Ludlum Steel 1 (quar.)' 9-19 1 10- $3 2 Extra 1 10- ■ $i% 11- 11-20 15c ___ 9-29 9-26 9-15 $iy4 (quar.) ! 11- 1 $lJ/4 (irregular) 10-10 of Rec. 1 10- 75c 8%c Preferred Allegheny Holders 9-30 10- $iy2 (quar.) preferred +50c 12- ___Y Refining 10c Co. 12V^C 37 y2c 9-25 Kendall 10-15 9-15 8-31 Kerr-Addison Gold Mines, Ltd. (interim I Kirkland Lake Gold Mining Co. (reduced s-a; 10-26 11-12 $5 10-10 5 (quar.) .11-25 25c $7 preferred 9-28 425c $iy4 m% Alabama & Vicksburg Ry. (s-a)__. Albers Super Markets, Inc. pref. (quar.) 10-10 5 preferred 1 10-15 (quar.) (quar.) (Water town, pfd. N. Y.) (quar. Ahlberg Bearing Co., class A (quar.)________ Power Co., $6 preferred (quar.)___ 10-17 TS1V4 Insura-nce Payable Alabama 10-15 9-24 9- 5% 10- 10-24 10-20 10- Kellogg 10-15 10-29 10-20 25c ,, t$l 9-25 5c Company _____yyyy--___y^-y_ Switchboard & Supply, common..... 15c 9-25 25c Co. Sugar Ltd Agricultural pfd. When share Company Aetna Standard Engineering 5% Agnew Surpass Shoe Stores, 7% 9-25 1 1 45c __Yf_— Kellogg Co., 1 10- 25c Button Croix St. y 9-25 9-30 10- 10c : 10- 42c (reduced) Ltd. (interim; Light,, $5 prior pref. Ktkaha • Mines 10- $1 convertible preferred (quar.)' Rubenstein (Helena), class..A (quar.)________ Russek's Fifth Avenue, Inc. (irregular) 9-21 1 9-2 — $1.50 9-25 10- $1% (quar.)__ ____Y—Y—— 1 9-30 25c 9-21 10- 25C t$l% (quar,)__yyy_yyyy Light, 4ya% pfd. Company Gold (quar.) Corporation.!-!.. ^ Extra 9-15 t43%C 9-15 Light,,$6 preferred Stoker Riley 9-15 (quar.) Co. Co. Stevens & Shinkle Shoe Kawneer 9-30 9-30 (quar.) (quar,)!Y--L___y A. Rochester :t40%c 9-21 5c 55c convertible, preferred 9-15 9-30 ,.. / 9-30 9-30 preferred.— 7% Service 9-19 15c preferredi'BYYY^-Yv • A__:_.:.___;yy-y-yyy—yly preferred Gas Rouyn Class „ Iowa: Electric,. '6 xk%:, . 1 10- 10c (Bridgeport, Conn.)— : (quar.) y—_____y__._Y__-_Y~_, preferred (quar.) YY: Y~Y_Y Common 7% 9-19 1 1 37'/2C Quebec Power " Co, ' (quar. J__1 Reading Company:(quar. Reda Pump Company Y---!.-— Reed (C. A.). Co., $2 pfd.' A (quar.)_— Republic Drill &; Tool,, common (quar.)_____ 9-15 y 10-15 37 Vac : Mortgage "C" 1 37Vac (quar.)Y 10- Name of 9-19 25c Puget Sound'Rwr. 9-21 10- 12 '/2 C Investors Portland Powell 9-21 30c (quar.jyyy_ Cellupotton Products 10-23 9-26 1 17V2C non-cumulative preferred Per of Rec. 10- Participating : 10-10 30c (s-a com. 6'%: participating preferred 1 4% Proprietary Mines, Inter-Mountain Telephone, common (quar.)_ 6% non-cumulative preferred (quar.)YY V 9-22 Holders 50c Pollock's, Inc., 6%, preferred (quar,;, Port Huron Sulphite & Paper, common!.... 9-1 1 11- 30c ___Y__YYY_iy_y Inter-Ocean 1 11-14 $l'l/4 . Irregular 1010- ' 50c ; Associated Tel., Payable Scale, 'Ltd.y'common preferred iquar.) Y_Y:_ 7% 9-23 12-1 When share Company Pneumatic Imperial-Chemical Industries, Ltd.— American Name of i 9-21 1111 (' convertible preferred i • -1 xorx *1' Y* (quar.) 9-15 12-31 12-15 $1 —- 12-31 12-15 20c —•*— 10- 1 $3ya (quar.) Scotia 9-30 60c 60C —— 10- 1 9-18 ?$3 HH 1 9-15 . . < i i 9-18* COMMERCIAL & FINANCIAL CHRONICLE 1112 '••• " Per " Yorktown of (N. Y.) (quar.) series C-l 10- 1 10- 1 10- 1 9-30 9-23 Carter 9- Carthage Mills, Bankers Co. Trust Y.) N. — . Co., Ba'stian-Blessing $5.50 10-1 9-30 683/4c 10- 1 ! (quar.)— Beatrice Creamery Co., common $1% ; • Quarterly _1 • Extra _—r__j.—_____——— Bickford's, Inc., Foundry & Machine—— Birdsboro Steel $6 preferred Bliss & convertible preferred 5% > common— (quar.) Class B — Boston & Albany RR. $l'/4 ' Extra pfd. Traction Brazilian 6% Light & (quar.)— Power— — Gas Light—;— Hydraulic (reduced Bridgeport Bridgeport quar.) — Manufacturing Co.—, Brillo Manufacturing, Inc., common Briggs Class A (quar.)_ (quar.)_ : — — British American Oil Co., Ltd. (regis.) (quar.) British-American Tobacco Co.. Ltd.— \ 10- 1 .7c 9-24 9-15 8-31 9-10 9-12;; 9-30 ' 6% preferred (quar.) — Columbia Power, British ■/,6 A ■ 6A 9-15 6% (quar.) Brooklyn Borough Gas, common (initial Preferred Brown Fence Bruce »,7A preferred <3'AA — common——————_ Cincinnati Gas & 9-15 Cincinnati Cities Service Power & Light Co.— $5 preferred 9-15 $6 $7 7% 9- Bucyrus-Erle Co., ■1% (quar.) preferred Euffalo California Electric California Packing Corp., 6% } Water $3 ? Cambria Iron pfd. (quar.)— (quar.) — common ,7% Telephone— Canada Permanent s 7% Nat'l Bank & Trust Co. (quar.) Commonwealth Edison Co. 9-30 Commonwealth Investment 10-26 9-19 10-15 9-19 10-^1 9-15 10-1 9-15 11- 2 10- 1 10- 1 10- 1 10- 1 10-1 ^10- 1 9-30 $85c - $5c - 9-15 9-15 9-15" 9-15; 10-10 9-30 9-21 $25c 9-30 9-18 9-18 Co. 10c 35c 4c $1% (quar.)_!___ pfd. (quar.)_,— Sl'A $1% t50c Commonwealth Water & Light, $6 pfd. (quar.) (quar.)__ (N. H.) Gas Co., 7% $7 preferred Concord Confederation Life Assurance Quarterly Quarterly 9-15 $43c $25c - (quar.)__—______ Commonwealth Water, 5*/2% . 9-15 ; Co.— ______________ preferred,^—_ preferred (quar.) Canadian 6% Cottons $$i — — 8% pfd. (quar.) (quar.)__—_____ Canadian Foreign Investment Canadian General Electric General Canadian 7% Investments ; 9- 5 10- 1 10- 1 9- 5 10- 9-15 $$2 $$2 1 9-15 }12Vuc 10-15 9-30 $$1V2 10-31 9-30 t$l34 10-1 9-12 (quar.)—__ $2c 10- 6 9-15 $$2 $37V/2C 10- 1 9-19 10- 9-15 Malartic Gold Mines Canadian Oil 8% Canadian Silk Canadian Tube Cos., 10- 1 —__________ preferred (quar.) Canadian .'.\7% (quar.) Industries, Ltd. class A (quar.) Canadian 9-30 $$1V2 (quar.) common preferred (quar.) 9-18 $$13A y preferred Products, & Steel class A (quar.)___ (quar.) 1 Products— preferred (accum.)——-——$$13A Westinghoutee Co., Ltd. (quar.)__^ $50c Wirebound Boxes class A (accum.) $50c 10-15 10- 8 Canadian 10- 1 9-16 Canadian 10- 1 9-15 9-30 -10- 1 9-19 Canfield Cannon Oil Co., Mills 6% preferred (quar.)_____ $1V2 50c Co Administration Co., Ltd.— $3 preferred A (quar,)__— —. Capital Transit Co. Carey (Philip) Mfg., 5% preferred (quar,)__ 6% preferred (quar.) :— Cariboo Gold Quartz Mining (reduced quar.) Carmen & Company. 7% preferred (quar.)__ Carnation Co., 57* 1st preferred (quar.)____ Carolina Power & Light, $6 pfd, (quar.)___ - 9-16 Capital $7 preferred Carolina Carriers & General $3c $$134 $114 UVa 10- 1 10- 1 9-30 9-30 10- 1 9-18 9-15 9-21 9-21 9- 4 10-15 10- 1 10- 1 9-30 $13A 10-1 9-14 (quar.)$2 10- 1 9-24 5c 10- 1 9-21 (quar. Tel% & Tel. 75c 30c $1»4 SIVj Corp _____ 9-14 9-14 9-15 9-15 10- — Co. Assurance pfd. (quar.) Continental Bank & Trust Co. (N. Y.) (quar.) Continental Baking Co., Q% Continental Gas & Electric— 7'!<> prior preferred Continental Oil Continental 1% Co. Steel preferred (quar.) - . (Del.)—_—,_r_—_ Corp. (quar.) common— 7 " ' 9-5 9-22 *• • , 11- 2 9-30 10-1 10- 1 10- 1 10- 1 10- 1 7 10--1 9-26 9-24 - 9-25 • ; 9-10 9-22 9-15 9-15 9-15 9-15 9-30 $17A 11- 2 10-16 12*Ac $2 t433Ac $$2 $1Vb $1V4 11-14 10- 1 10- 1 10- 1 10- 1 10- 1 9-30 10- 1 10- 1 10-15 9-15 9-21 9-15 9-11 9-11 '• - ., . $2 20c ^ 9-15 9-18 9-11 9-15 3 " $1'A 9-21 75c 12- 2 11-20 (quar.)—7'"" $13A " $13A 2%c 10- 1 10- (quar.): (N. Y.) (quar.)___ common preferred 10- 1 9- 1 10- 1 9- 1 10-15 9-25 1-5-43 12-19 Co._—30c $2 (s-a) 7:y. ;7:7"y V"' $13A $13A (quar.). (quar.)_ 10- 1 10- preferred preferred 1 12-23 12-23 .017c ———a- Edison 1 12-23 12-23 10- 1 9-21 11- 2 10-15 "10- 5'A Dominguez Oil Fields (monthly)— 9-10 9-30 9-21 $40c — Dominion Bank of Canada 1 $1 10-20 62'Ac Co., class A (quar.)———A,— (Joseph) Crucible Co. Mines, Ltd 11- 2 10- 1. 9-19 10- 1 9-15 10- 1 7 10- 1 9-18 11- 2 10-13 10- $$2 Dominion Foundries & Steel (quar.)—7 $25c Dominion Glass Co., Ltd., common (quar.")— $$1V4 77 7% preferred (quar.)— ^7 +$13'4 Diuiean Mills,. 7% preferred (quar.) 7 $1% Dominion Tar & Chemical, 5'A'A pfd. (quar.)'' $$1% 'Dominion Textile Co., common (quar.)—--— * $$1*A "7A preferred (quar.) —___7 $$13A Dover & Rockaway RR. (s-a) y,-, $3 Draper Corporation (quar.) i 75c _ 1 ' Dravo Common 7 -•. " 9-15 9- V 10'■(. 1. j»* 5 9-15 9-30 1 8-29 ; • 15c 111 l 10-20 12-17 15c 12-27 75c 10- 1 9-15 $13A $1A $2 10- 1 9-15 10- 1 9-18 10- 1 7 9-14 10-24 10-9 — Power Co., 10-15 10-15 710- . —* 7 Common Duke ':'7;--,.7 Corporation— 9-30 9-17 9-30 25c . (reduced quar.)— common———, 1% preferred (quar.)—— Dun & Bradstreet, Inc., $6 preferred 10- "i 9-23 1 9-30' 10- 9-21 1 9-15 10-. 1 9-15 5 9-25 10- 1 9-19 10-1 10- 1 9-15 $iya 10- 1 7' 8% preferred 7——7——y— 7777+75010- 1 Eastern Mass Street Ry., Gfo 1st preferred— t$l'A 10-15 Eastern Steamship Lines, Inc., com. (resum.) $1 10-1.5 $2 convertible preferred (quar,)_ 50c 10- 1 9-15 $6 Tennessee Light & Power— 4 A % Canada Savings Gas Sl'A (quar.)— preferred Eastern Eastern & Loan $$1'A (quar.) Associates— Fuel & prior preferred 9-21 ' (quar.)_ " 9-15 — 9-28 9-18 9-18 —_ Eastern Steel Products, Ltd.—• '"777 ; '7:7777:7:,' 7 • (quar.)_——7 ?25c Eastman Kodak Co. of N. J, 6% pfd. (quar.) 7 7 $i-«A Common (reduced) (quar.) $1>A Economic Investment Trust, Ltd —_$G2*Ac 57o convertible preferred (quar.) (quar.) (U. S. funds) 25c 3c Economy Grocery Stores Ecuadorian Corp., Ltd. Eddy Paper Corp. ■ 9-15 9- 5 10- 1 , 9- 5 10- 15c $l'/4 9-21 1 10-9 9-30 9-28 10-1 10- 1 , , 37.'Ac ^ Elder Mfg. Co., common (quar.) 7 5'A participating class A (quar.)_—7.7—y_ •" 10- 1 10- 1 . 9-25 . 9-10 9-15 9-21 9-21 1 9-21 75c 10- 1 9-19 (quar,)——50c Electrical Products Consolidated (quar.) 20c Elizabethtown Consolidated Gas (quar.)— 7 $2'A El Paso Electric Co. (Del.)— ,7 7 • 9-30 10-1 10- 1 9-14 9-30 $1% 10-15 10-15 $l'/a 10-1 9-15 60c 9-30 9-11 50c 10- 1 50c 10-1 Emerson Electric Mfg., common (Irregular), 10c 9-30 7% preferred (quar.)— $1% ,.10- 1 Empire Power Corp., $6 preferred )quar.) $1'A 9-30 Empire Trust Co. (N. Y.) (quar.) 75c 10- 5 Employers Casualty Co. (Dallas, Tex.) (quar.) 30c 11- 2 Emporium Capwell Co., common (quar.) ___ 35c 10- 1 4Vatfo preferred series A (quar,)—__ 56'/4C 30- 1 7% preferred (s-a)———$3'A 10-1 Endicott-Johnson Corp., common (quar.)— 75c 10- 1 5"fo preferred (quar.).' _______ $1'A 10- 1 Engineers Public Service Co.— • $5 preferred (quar.)_—-4—_7__— Sl'A 10- 1 $5.50 preferred (quar.) $1% 10- 1 $6 preferred (quar.) $1'A 10- 1 Equitable Investment Corp. of Mass.— 25c 9-29 Equitable Trust Co. (Bait.) (quar.)___ 10c 10- 1 Equity Fund, Inc.— 4c 9-30 Erie RR., $5 preferred A (quar.)„ $l'/4 12- 1 European & North American Railway (s-a)_ $2'A 10- 3 Eversharp, Inc., 5% preferred (quar.) 25c 10- 1 Ex-Cell-0 Corporation (quar.)___: 65c 10- 1 Fall River Gas Works 6% preferred (s-a)„ 3c 10- 1 9-15 Electric Electric Controller & Mfg— Electric Storage Battery ——— Co. ... 6% 7% El preferred B preferred A Paso $4.50 preferred (Texas)— 7. common Co., 8% preferred , 9-19 9-24 „ _ 9-30 , (quar.)___ El Paso Natural Gas 8e/o 7 Sl'/a (quar.)— (quar.)— Electric Co. Emerson Drug 10- Co————50c Auto-Lite _________ 9-15 preferred 9-25 , 9-25 9- . . 5 9-25 10-24 9-21 9-21 „ 9-23 , 9-24 9-24 , —— 9-11 9-11 9-11 9-22 9-24 9-15 _ _____ ——_ Family Loan Society, com. A Class B (reduced quar.)__ (quar.)7 25c 9-28 9- 8 Fanny Farmer Candy Shops 25c 10- 1 9-15 Fansteel Metallurgical, $5 preferred (quar.) $5 (quar.) preferred (quar.) 35c 37'Ac 37Vac 10- 1 10- 1 10- 1 37'Ac (quar.)—— — 9-21 9-15 9-15 '? 10-15! '10- 10- 1 10- 1 9-15 10- 1 $13A $1% 9-16 10- 'Class •1' - 1. '..*. 10- 1 10-1 10- 1 50c (quar.) •' - 9-16 6 710-19 7% 9-24 7 30c preferred Continental : 11- 2 90c $lVs - $1 preferred B (quar.) 4% preferred C (quar.) u Consolidated Investment Trust (quar.)—— Consolidated Laundries Corp.— (quar.) Consolidated Oil Corp. (quar.)— Consolidated Retail Stores, 8% pfd. (quar.)_ Consolidated Steel Corp., Ltd., $1.75 pfd Consumers Gas Co. of Toronto (quar.) Consumers Power, $4*A pfd. (quar.) $5 preferred (quar.)_ 9-25 12-24 ? 10-1 < ^ 9-21 t25c 4'A% $7.50 9-23 10- 1 $1'A —,—-- — 9-15 .- 7 : $1*A (quar.)_ —.—x__ Consolidated Film Industries, Inc. $2 pfd.— Consolidated Machine Tool— : $6 1st preferred (quar.)__ —_____— Consolidated Gas Elec. Lt. & Pwr. (Bait.)— preferred (quar.) - ',. 12-31 $57 j ,1Q* 1 ^ (quar.)_— > Connecticut Gas & Coke Securities— $3 preferred (quar.)_— —— • 75c Connecticut General Life Ins. Co. (quar.)u_u' 25c Connecticut Light & Power— , ; ■ • • '*.. • » Common (reduced quar.) — 55c Consolidated Bakeries of Canada (quar.)™— $15c Consolidated Chemical Industries, Inc.— $1.50 cum. partic. pfd. class A (quar.) 37*Ac Consolidated Coppermines Corp.________— 15c Consolidated Dry Goods, 1% preferred-,-— t$3Va Consolidated Edison Co. (N. Y.)— 7 - Common 9-30 9-23" ,10- 1 >10- 1 ' Dome 9-10* 9-10* . . 9-23 1 $1 _7__" v (irregvilai Long Hook «fe Eye •Dixon • • 9-30 v 9-21 11- 2 10- 2 11--2 10-14 10- 1 9-10 ' 10-1 V- 9-11 10- 1 9-11 11-16 10-31 $$114 $$1 'A t. ... Connecticut Fire Insurance $5 • 1 9-30 9-29 & Company Dentist's Supply East • 7. (Toronto)— ■ •7% 10- 4 . - 4 10- 1 $2 Commercial Shearing & Stamping—________ 9-15 $12Vic (quar.)— —; Extra preferred (quar $$lV/2 preference (accum.)—L Ltd., common (quar.) participating Canadian Celanese, 5% $$2 w_ & Fdy. 9-15 9-15 (quar.) Participating Car 9-15 10- 1 - Canadian (quar.)____ $4.25 convertible preferred (quar.)________ Commercial Loan (Indianapolis)— • 7 • • 9-19 1 7> - 75c 10- 1 $1.06'^ 10- 1 7.-. 7: .•7.7,. v;.i$1V4 9-30 Common 9-15 1st preference (quar.) $15c Participating —$5c 60c non-cumulative conv. preferred (quar.) $15c u .7 (quar.)___ Commercial Alcohols, Ltd., common 9- 10c Dixie-Vortex 10- 1 9-15 11- 2 10-15 10-15 9-30 10-15 7 9-30 9-30 9-10 9-30 7-9-10 (quar.)___— preferred 10-1 9-30 9-30 5% . Commercial Investment Trust Corp.— preferred 6Va i:'o t$l Ltd., common Canners, 10-31 1 De 1 10- $13A-■ 7, 5 10- 9-29 — 5 12-19 , * 9-12 6% 9-25 10- 1 10- pfd. (quar.)— * .• $ii/4 Distillers Corp.-Seagrams, Ltd. 77 7: 5% pfd. (quar.) payable in U. S. funds— 7;;; $i»A 9-12 9-12 9-19 Electric Co.— Commercial (quar.) Canadian Bank of Commerce (reduced quar.) Canadian Breweries, Ltd., $3 pfd. (quar.)._ Canadian Ohio 10-31 10- 10-20 1-2-43 — & Southern Columbus ,;' $$1% Mortgage • 10-15* m 10-1 (quar.) preferred (quar.) Packers, Ltd. 9-23 ■ 25c $11A " 10- $3 (quar.)— ". (quar.) —$1.06*4 77 9-30 (Boston) (quar.)__7_:2____x-. $1VA 10- 1 11-16 : $1. ; 1st pref. . Deere _a_; 9-15 10-22 2 10-20 (s-a)__i7_x.__ preferred $l'/a $1.63 (quar.)_ _ $5c 8% preferred (quar.) tlOc Commercial Credit Co., common (quar.) 74-"; 75c 4l/t% convertible preferred (quar.)_ $1.06*A "■■■C (s-a)__ : , 11- 10c _ (quar.) 7.7'77' 4.7".:A'7' *7";1 " Duplan Corp. 8% pfd. (quar.)— —7— 7 9- 87 du Pont IE. I.) de Nemours & Co.,— 7 7 7 Collateral Loan 9- 87 ; $4.50 preferred (quar.) $iya Colonial Finance (Lima, Ohio) (quar.)______ 7 25c .10- 1 ; 9-12 Duquense Light Co., 5% preferred (quar.) $1'A Colonial Ice Co., common___ k ;:$2 7' 10-. 1 t.,9-2L Duro Test Corporation (resumed)_a_— 7 7 5c $6 preferred B (quar.)_____________^,i.—_ .; Sl'/a 10- 1 -.'.9-21 Duval Texas* Sulphur Co:. 25c $7 preferred (quar.). : 7 $1% I 10- 1 7 ,9-21 Eagle Picher Lead, common.— • • • 10c Colt's Patent Fire Arms Mfg. (IrregularI4A* 75c. ,i *■• 9-30 ,74 9-10 7 77' 6%' preferred (quar.)— ——7 $1'A Columbia Baking Co., common (irregular)7Sc r.lO-c L■<■*■^7 9-157 Eason Oil Co., $1.50 conv. pfd. (quar.)—37'A.c $1 participating preferred (quar.) ________ yV -25cr7;^:10- :L77;;- 9-157 East Missouri Power 7% preferred (s-a) 7 Participating 1 .,7 _ 75c_,ylO-' l 9-15 ? $4.25 9-15 (quar.)_—_ (extra) (quar.)__—15c Diamond Shoe Corp., Colgate-Palmolive-Peet Co.— 10-15 37MsC Bread Co., Ltd., 6% Canada 9-19 (quar.)__^^^_-i. Stove Co. Lamp & 11- 2 11-16 75c 37V2C ' 62',ic (quar.) Co. 9-19 $5J/a 50c Corp..____. $1'A 9-30 RR. 7% 9-19 . 9-15 9-23 Detroit-Michigan Stove Co.— ' ' - 10- 1 10- 1 •' 10- 1 7 7 9-30 75c Co. International Coca-Cola Coleman 10- 1 ■:,f 9-15 9- 2 9-30 9-19 lO-'l" 9-30 10-10 * 9-15 10- 1 9-19 10- 1 9-25 9-30 9-30 J$1V2 5% class B preferred (quar.)_w.__—$62V2C Canada Cycle & Motor, common (quar.)——'", t30cJ, 5% sinking fund 1st preference (quar.)— }$1V4 Canada Life Assurance Co. (quar.)__——, .•$$54' .Canada Northern Power, common (quar.)..$15c Canada Coca-Cola 9-18 ; Extra 9-15 9-28 (quar.)j.7 7-' Records 9-15 " 9-30 & Decca 9-20 9-30 . 7 9-11 9-30 9-30 ' ' 9-15 9-30 ! •'•7 9-15 • . 12-10 9-30 Frere, Ltd., class A (quar.)L—$25c Davidson-Boutell Co., 6% preferred (quar.)_ $1'A Dayton & Michigan RR., common (s-a)__j_ 87*Ac 8% preferred (quar.)__:—: 7 7.7 $1' - "■ / 15c .. 1 9-18 12-23 (Irregular) ——$1 preferred Clinton port preferred . 9-23 .s 7 9-30 r 9-30 class A prior preference David 10-1 ; 10- 50c Detroit Hillsdale & South Western RR. .10- 1 Co.* (quar.)—7:—____ common 9-16* 10-15 $2 _-y_ Series "NY" _ 9-15 9-28 9-28 $3 Power, & 9-30 9-15 ... & Fuel 9-14 9-30 Shares^— (irregular) Atlantic Sugar Co. Detroit preferred Cleveland Graphite Bronze, corny (irreg.) ' 50c i 9-30 * 9-21 5Vo preferred (quar.) : 7 9-30' 9-21 Cleveland Hobbing Machine___________—— *; 20c 10- 17 9-21 Climax Molybdenum Co.__________.^yy_r_7_ > 7 7 30c 9-30 ; ,79-21 Clinton Trust Co. (N. Y.) (quar.)—— -25c ' • *.10- 1 ^ 9-21 Cluett Peabody & Co., 7% preferred .(quar.) $13A >,'• 10- 1-' 9-18 >4 7%preferred (quai4.Txy,--77-:-y_v_--2i7»-.77-7 $13A. i-104' iv? ; 9-18 Coca-Cola Bottling^ $2.50 class A (quar.).i._ 62V2C yiO-:,l7ii, 9+15^ ' Extra 4 7$1»A' 10-1 7 9-15'- 9-19 (quar.)———————— preferred 9-15 v 10- 1 10- 1 — California 9-21 10- 1 Products, preferred 9-18 10c $1% .4.——-—il,—U,>,: 50c Ltd. (quar.)n^——tl7V/2C Company -i-—-——— ! 50c Bulova Watch Co. (quar.)_—4—~ v ;50c Burdine's, Inc., $2.80 preferred (quar.) ■ ■ 70c Burger Brewing, 8% preferred (quar.) $1 Burlington Steel Co. (quar.)——————;: 15c Business Systems, Ltd., common (quar.) t$l 6% non-cum. preferred B (quar.)———$15c Calgary & Edmonton Corp. (interim) $5c ■5Vr> 10-17 $1V4 Extra ' Building Bullard 9-16 ' u-. Stamping pfd. 9-21* 1 10- preferred (quar.)__ Deposit Bank Shares (N. Y.), Series A $4.50 9-19 (quar.) Insurance Co, :r7.:' $13A 6% 10* 1 9-15 ,1% * (quar.)_ 777,< 75c (quar.).: 9-27 9-21 9-15 1% • ' 25c 7't 10c ' , Publishing Co. $4 prior preferred—__ f25c Davenport Hosiery Mills, common___y.___1:7 25c 9-18 9-18 9-18 7 9-19 10*10 9-23 ' Curtis 9-19 9-15 9-18 9-19 - 9-28 9-28 9-28 1 9-30 " 7 , 9-30 9-25 10- 1 9-25 10- 1 3-5-43 : 2-23-43 - Ice Insurance 1 1 9-30 7'A . - 9-19 , 9-30 (reduced)——— common 7 :__c——'71 30c Cleveland Electric Illuminating— , U7* :,;:77 ;7:.^ r Common (reduced) V' 50c City 9-30 Brunswick-Balke-Collender Co. $5 pfd. (quar.) .7 (Washington, PaT)—_ Wholesale Supply, Auto 7 7 City $13A — Stockyards——,—.w preferred Citizens 1 (quar.)4' (red.) 10- 1 10- 1 10- 1 9-30 9- 1 ; 10- 1 9-30 * ——, $13A $1 'A 85c 15c $1'A (quar.) ,'7.? $l'/2 (quar.)—$1% preferred Citizens Water 9-10* pfd. A '.7; 10- 10- B 8'/o 11-2 7 10-19 10-15 9-16 (quar.)__—' preferred 9-15 Elec., 5% Union 9-23: 87Vic —; (quar.)—_4—: ; (quar.)— pfd. 7% 10-1 '7 : $1V4 7 25c Cincinnati & Suburban Bell Telephone —i—————. (quar.) preferred (quar.)_^_______; 9-30 ,10-10 (-10- 1 t50c >' 25c Distillers Corp., $6 preferred Co., L.) (E. quar.)-;_— Wire, class A———' & Brown-Forman Securities Co., 9-16 10- 1 10- 6 10- 1 35c $114 $1 Oil Cotton Christiana ' 75c 75c. ; >6A, participating preferred (quar.)—. Durell Co., common (initial)———— $13A , (quar.)___ 9-16 $$1A7/ 10-1 $$1'A 11- 2 Brown preferred Chickasha 10-1 10-15 ' 25c Brooke (E. G). Iron Co— ——;—15c Brookline Trust Co. (Mass.) (quar,)— $3 w; Chicago Wilmington & Franklin Coal Co.— 9-19 10- 7 10- 7 Investing Corp.———— Broad Street (quar.)_________ Chicago 9-25 9-30 9-30 9-30 10-15 9-30 20c 10- 1 50c ; 10- 1 J25c J 10- 1 9-19 9-19 9-19' 9-15 9-19, 9-19 l 9-19 9-17 9-17 4 9-19 i t 10- t$l*A $lVa k 40c (quar.) \ A Cunningham Drug Stores," common 6%. preferred (quar.) 9-/4-' $1V4 ; 10-1" $$1'A 7/$50c — (quar.)__— class A Columbia Telephone— < * * prior preferred (quar.)——41'——7 preferred (quar.)—-———- British Title & Trust Co, (quar.) 9-30 ' - preferred $1 : (quar.)30c (quar.) 7—^-,7:77 ■, 30c" Crystal Tissue Co.:(quar.)— —^ 15c Cuban American Sugar, 7% pfd. (quar.)___ $13A 5*A% preferred (quar.)____ $1% 9-20 9- 8* 9- 8* 9- 4 10- 1 Chicago Flexible Shalt . 9-29 .* Chicago Great Western Ry., 5%. ,pfd . initial) " 62,/aC" ^ 9-30 Chicago Mill & Lumber V 30c • 10-; 1 , .Chicago Pneumatic Tool, common...— ,• 50c-/ 10- 1 * $2.50 conv. prior preferred (quar.)4-" 62'Ac 7 10- 1 $3 conv. prior preferred (quar.)_____—75c 10- 1 i * Chicago Railway Equipment, common ' 50c 10- 1 7% preferred «(quar.)___— "" 43%c'';. 10-14 ' pfd. Chicago Daily News,. 5'A 10-15 Forster & 9-28 ,$1 ' , Class & : 9-21 , Class Culver Extra 9-15. Crum 77 ijrx'VA." $1. (quar.) 9-18 9-30 9-16 •' (quar.)_-L—" 9-15 Chesebrough Manufacturing 10-15" preferred '. 9-30 9-25 , 8% 10-15 10-1 10-r 1 10- 1 9-28 •> 1 (quar.)25c Crucible Steel 5% conv. pfd. (quar.)—$1'A Crum & Forster, common (quar.)"—__y 7.7 30c B'/o preferred (quar,)__^__—__$2 10- 1 , 1 10- Zellerbach Corp. com. ■ $1V4 75c 10- 50c Utility Banking, class B Telephone, 6% pfd. (quar.)_,.i V ' 75c Corp. Cuban 9-21. , & Sons, b% .Cuban (irregular)™.—, Inc. * 10-15 (Phila.)— Reynolds, $6 preferred A__ Wheat 9-15 Chesapeake & Ohio Ry. Co. com. (quar.)— 4% non-cum. series A preference (quar.)_4 ; British Columbia Elec. Pwr. & Gas Co., Ltd.— : Fund, Chesapeake Camp Corp., 5% 9-18 9-21 " r 9-15 12-15 2 Co.—y 25cr Chemical 9-18 10-15. lOd 2'A'A (coupon No. (interim) regis, (Toronto)— Quarterly ___—$$1 Chemical Bank & Trust Co. (N. Y.) (quar.)w •:,'^45c . 1 1-2-43 $13A (quar.)_! Bank & Tfust (C. B.j 'Common Chartered Trust & Executor 10- 11- Crown » 9-19 12-15 50c Crown ' 9-24 7/77"77'7 "''TV''''V.': ■•' 190) ,.Amer. deposit rets. 5 A pfd. regis. (S-A)_.~ Ord. 9-24 $3c ,4 7 40c (quar.)_— 9-15 1-2-43 • $13/4 (quar.). 1__ Cork International Corp., class A__— / • .. 9-30 10-15 $$1'A 25c $1% 40c 30c 50c (quar.)—— ; Bridgeport Brass Co., common (quar.) 5V2 % convertible preferred (quar.) 9-20 » V. ,J' '7 preferred 4 9-20 ,10- 1 10- 1 10-15 t$l'A $32'Ac :—___ —— 9- (Ltd.)-— (Phila.) Credit 9-22 1 10- $1% 1 ' (quar.)_ 9-22 9-30 $p/4 *$15/b comihon—______ ' Corp., Phosphate of Cream , •' Bank Nat, Exchange Corroon & . of Rec. 9-30 50c :,_____:_7' Bessemer Quarterly 7, ' v : 7 (quar.)__ Telephone Co.' 6*A% $3 prior preferred Com - Holders Payable 7 '< participating preferred Cottrell quarterly Central-Penn. 9-21 $10c ———__—:—_7 class A__: Corp., Brantford Cordage Co., $1.30 1% Cooper 9-19 10- 1 Steel" Foundry— & When • share pfd. (quar.) 6'A'A preferred (quar.)— _______y—w 7% participating preferred (quar.) '___ " 9-30 v 9-15, 9-30 9-22.'^ Champion Paper & Fibre, 6% pfd. (quar.)_i $lVa 10- 1 9-15 Chapman's Ice Cream of Calif, (irregular): 10c. 10- 1 •.•9-22 Chapman Valve Mfg. (quar.) V, : 50c " 10- 1 * 9-17 Chartered Bank of India'(interim)... 5'A 7' 9-30 4.^ 9-19 preferred Coronet '$$2 4,. Mines Gold Patricia Reduced ( 10- 1 . 1'i'o Roll Per Company (quar.) Continental . ■■*.'■>, Telephone— & preferred Central 9-21 40c (irregular) $4 Brach (E. J.) & Sons (irregular)—25c Bralorne Mines, Ltd. (quar.) *•— $20c Brandon 9-30 ,10-31 10-31 10- 1 .< 9-30. 10- 1 Co,, ;(quar.)„;;7':7;., Insurance 9-15 9-30 10- 1 $2 ; — (quar.) Herald-Traveler Boston 9-15 9-30 9-30 62Vac 40c Corp. Boston Elevated Ry. 9-23 10r 1 10- 1 9-28 10- 5 10- 1 10- 1 (quar.)_— (quar.)___ Borg-Warner Boston pfd. 6% 8-31 10-1 $1'A Bohn Aluminum <fc Brass——...—50c Bon Ami Co., class A (quar.)7. $1 Tobacco Brothers Bloch (quar.)__—___i4_ Electric Common -Yrk',-iV' (quar.)—____— Central Hanover Bank & Trust Co. $1 $13A $1 V-s 25c 37'Ac (quar._ Laughlin 8% ? ., (quar.)— Birmingham Electric, $7 preferred & Savings. Co.-ir4 p Loan ' 75c 9-30 . 9-16 (quar.)_ * ;"* $1 * 10-1 J 9-17 Central Illinois Light 4y2-% pfd. (quar.)4_^_ $l Va ,10- 17 9-19 V Central Maine Power Co., 5% pfd. (quar,)^4 7,; 62V4c ".10- 1 •"•9-10 6% preferred (quar.)__-___4_-_.___4— ( $lVa• 10- i > 9-10 • $6 preferred (quar.)—i: $1V2 10- 1 9-10 7% preferred (quar.)__$13A 10- 1 9-10 8-31 - 10- 1 10- 1 10c 25c . _«a. * ^ Continental 9-25 9-15 9-15 9-15 9-12 9-30 9-18 9-18 9-18 '9-18 9-30 ,•"- 7 , Name of 1 ; ——- (quar.)___^i-____u_^__. (quar.) preferred (Toronto) Central 9-10 10- 1 62'Ac common (quar.) Central Canada 9-14 $$lVa ; 50c $1V4 $I3A $13A 37l/ac ; Corp. of America, 2nd ' $3 v (quar.) 9-11 10- 1 10-1 10-15 9-30 9-30 25c (irregularis Central Aguirre Associates- 12-31 . ——lA'—,'■ (quar.)——_ preferred Bird & Son, Inc $2.50 -1% , $1 ._• $lVa - • of Rec. 9-29 10- 1 10- 1* 10- 1 10-1 10-31 9-30 10- 1 10- 1 -. 10- 1-• 10-15 , 25c' 60c 9,-11 12-31 (quar.)___—__—_ common 9-15 11-2 9-30 • B * ___^_—. Company, common prior preferred prior preferred 7% 9-15 $1 preferred (quar.)—>—.7 Bethlehem Steel Corp., 7% -preferred (quar.) Bibb Manufactur.ng Co. (quar.)_—________ >• Class 5'fo -75c $13A 6',^. (J. I.) " •"•••■,-•. 7 ■; Case Celanese 10- 1 10- 1 ,.15c " (quar.) 10-16 ——— Cement-— Bessemer Limestone & (quar.) preferred B 9-24 10-;1: 10-1 , preferred A 6% • 10-1. (quar.)—— 7 t 25c $5 preferred (quar.)_—i-ii.:.———■——■—~ .■ ■„ $1V4 Beech Creek RR. (quar.) ;—— —50c Beech-Nut Packing Co. (quar.)— —_ $1 Belding-Corticelli, Ltd., common (quar.)_v— 4$1 h% preferred (quar.)_,—-*————;•*' t$l% Bell Telephone Co. of Canada (quar.)——_ • t$2 Beneficial Industrial Loan Corp., com. (irreg.) 37 Ac $2.50 prior preference series 1938 (quar,)_;•<62 Ac Benson & Hedges, $2 conv. preferred (quar.) 50c Bensonhurst Nat'l Bank (Bklyn.) (quar.).— $1 6'A 9-14 10- 1 ' 40c (quar.)—-i- common preferred 1 3 9-3 35c — (irregular)Laa-ULL common Payable share (quar.)' '• Company 9- 82'Ac (quar.)_ $3.30 prior preferred Mfg„ (J. B.) of Company 9- 9-30 (quar.)- Barker Brothers, 5'A'A preierred (quar.)— Barcalo , 1 Holders When K' Name of Rec. ;—7'Ac preferred (quar.)——— 6% 1 Payable 50c Bank Stock Trust Shares, (s-a)_ 10c Series C-2 (semi-annual)—-.— —ll%c Bankers National Investing com. (quar.)- ... 6V»c Bank '.'i, V Holders When ... share flame of Company Monday, September 28, 1942 10- 1 11-20 9-11 9-22 9-10 9-16 9-12 9-3 2 9-12 9-15 $1'4 9-30 9-15 $iy4 12-18 12-15 Volume 156- Number 4111 THE COMMERCIAL & Per ' , Name of Farmers & share Company Merchants Nat'l Bank When Payable Farmers N. Traders & Life Ins. Co. Bake Federal 6% $3.50 to Co. 25c (N. J.) (Marshall) 6%■ preferred, & Co., 4% % preferred A $l%v 9-30 9-19 $1% 9-30 9-15 jj—— pfd. (quar.)—, (quar.),/,,,/,, V 9-30 10- $6 10-15/: $1.18% 10-26 10-15 - 9-30 9-19 , 5c 9-30 9-19 r4,y ■ (Bait.)— 15c ;/ (quar.),,,.™,,,,,,.;,,,.. Pennsylvania (quar.) First Bank First National Insurance Stock Bank (S. F.) ,1 First National First National 19-19 9-30 9-19 10- $2 10- —- 30c 10- % 50c 10- 1 10- 1 $2V2 9-30 12-31 $20 10- 1 $4 10- 1 9-21 (quar.)—/ i$2 V ; 40c (quar.) 10- 1 9-30 Stores i11-30 62'/a C $1% 10- 1 9-19 * •••Si'A ,1 " /■'•././'•,'/' /Z': 7% preferred (quar.)—1 17VaC .—_4_>_—/" Florence Stove Co./,,.^/*^—/-,4—_,/ ,;.v 50c 10-15 9-30 Hartford 9- 8 Fisher Brothers, $5 preferred (quar.) (M. H.) Co., 5% conv. pfd. (quar.) 10- : Fishman Fitzsimmons 12-1 • "$1% (quar.) (quar.)—,„w * J Food Machinery Corp. (increased)— preferred Foote Bros. Gear & Machine , 10- 1 9-21, $lVa 10- 1 9-21 , :/;A70c:. Corp.— Heller Z/V;:. 9-15 9-30 60c (quar.) $3 class A (quar.)— Foreign Light & Power Co.— 6% first preferred (quar.) Formica Insulation Foster & Kleiser Co. Co., 6% class A pfd. (quar.) - •37'/ac Froedtert Grain preferred 7% : Fuller (Geo. Fuller preferred Manufacturing A.) Co., 4% Fulton Trust Co. Gair (Robert) :Zy : Gannett Co., conv. & Coj, preferred conv. 10-1 & 1 10-17 9-30 10- 1 9-15 1 9-19 9-30 15c / 20c >: 11-1 .9- 10 10 15 20c 1 10 15 11-1 10 15.-//. (quar.) • • v- ' : Corporation, my*- i — Ml'/r 'v Jh-Ss'S* 10-20 10- 11- 1 10-24 / $1'A 10- 1 $3 (quar.) : 75c ? Manufacturing Co., $3 -——— B Common,, $8 preferred $1% 1/. 1 2 General .7% Fireproofing, .common—————— (quar.)_——— Foods Corporation— " " i/v, 10- 1 10- 1 General yyy.-;.>y. : General Railway General General 6% Signal Co., common— General Time instruments Corp.— • $2.50 pfd. 1 67c 10- 11. - , ; 1 10- 10- . 9-22 : 9-10 . ; 9- Common 8 1 9-17 ; ■/ 9-17 9-30 10- • t 9-21 1 V 9-15 1 * .' 9-15 - 10- : . ' : • 9-23 25c .10-1. 1,25c ; 10-15 • Bank 10, 1 ; 9-30 $$3.75, 10- 9-19 1 9-30 $75c ■ Z..7% : Corp. 50c 10- 9-18 ' .12- 1 50c 12c 10- : 1010- 1 1 10- t80c 10-1 1 ••^•j/) , / 9- ($5 ($100 par) par) Power 9-30 F 9-26* (Z 1 9-18 . 10c 10-28 10-10 (quar.)Z.__, $1% 10- 1 $1% 10- 1 9-25 9-30 9-19 37V2c 10-1 9-18 25c 9-30 8-28 50c 9-30 $1'A 10-15 9-30 8%C 10-1 9-10 70c quar.) 20c Co.—I Wheel class A ; / / (quar. Z„_„z, ' 10- , 9-11 9-15 1 9-15 87'Ac 10- 1 9-15 3 7'Ac 10- 1 9-18 25c 10- 1 t30c 10- 1 9-20 $1 Va 10- 1 9-11 10-1 9-21 first preferred , (quar.), SlVa :,z; 1011- 1 $1 $1 Va , ! 1 7% ' Z Z convertible z ■y 1 10- 1 9-10 10- 1 9-10 37'Ac 10- 1 9-17 $$1 10- 1 9-15 Steel, 37'Ac Industrial & - $6Y2 preferred 9-30 Leich ' - Company,* Z ■ ' 10-15 9-30 9-30 12-11 4'A% 1 Little 9-15 - 12- 5 12- 9-25 9-25 « Lock 9-25 10- Iron , / • 1 -;i Z' 9-22 10- 1 / , . : c ■ ■• . . 10- 1 9-15 25c 10-15 y/ 9-30 9-30 4 25c Z 25c Mutual Fund" 11-2 10-14 12-10 11-24 50c 12-10 11-24 / 9-30 10- 30c 6% $1% 10- 1 12- 1 (Del.)* class B 1 9-19 tquar.) 9-30 ; 9-30 10-27 (R. H.) (I.) $1% $1'A ; (reduced)— & Co. $2 Marion | A 5 - 1 9-18 10- 1 9-21 • /:, , 30c. . (quar.), .. 10- (quar.) .-,.// 9-1.5 . 9-30 9-15 10-1 9-19 10-10 . 9-19 . 10-1 $1% .ti.t-'t h 1 10-. 1, .50c $1'A '■ 9-15 10-15 25c (quar.),__„,,, . , 50c $1'A (quar.),,,. . 10-1 50c. (quar.)- / (guar,!,, io preferred $5 9-18 , . ... preferred , •. , (quar.)——- (quar.) preferred ' ' • J" /.. (reduced)—. / preferred Power, ■ 9 11- 11-14 $1'A 30- preferred . 9-30* 9- 1 (quar.$1% Water,. 7% . 9-30* 10-15 10- 1 Margay Oil Corporation / 9-11 10- Tire.& Rubber— Reserve ,/ (irregular) common Marathon Paper Mill, 6% Marion 12-22 - 9-30 50c (quar.l— 9-21 1-2-43 . $1'A (quar.) 6% .preferred Mapes Consolidated Manufacturing */ 9-30 10- I 50c convertible conv., 9-30 ; 10-15 31c.., .30-15. . : Co; Manufactures Trust Co.- (N. Y.).,~com. 9-19 ~ 9-30 10-15 . ; $!%• - (quar.) & nreferred $1.20 9-15 10-24 25c preferred (quar.) preferred (quar.) Mansfield 9-9.:' 1 11-20 :y. 9-19- 10- 1 11-20 I 10-15 . (reduced Mahoning CoaLRR. Ca. 11-10 10- 50c common* (interim),",, 9-19 <, ■ 1 12- pas & Electric Co". (Kentucky)— preferred Macv • 1 ? 12- $1'A /" — 9-18 9-15 ' - 10- 9-15 : 9-15 >'■- 1 6?A-% 9-19 - 1 9-21 10- 9-19 10-1 1 (quar.$1% preferred 6'A% 9-36 50c (quaT.);*/4vy>>^/'-f,": Lynn Gas & Electric .(quar. MacAndrews &. Forbes, common 9-19 / 9-19 1 10- ';■''/" $2 / 9-15 Co., Magor.Car Corporation, »• 9-19 9-15 1/ (P.) Magnin ■* 9-19 9-30 9-30 . w,,—!,,,,—25c-' : 9-15 $1% 15c $1% 12'Ac Theatres; 7% 9-15 1 '•' 10-28 $l'/8 \ . Lunkenheimer Co.— >;. / 9-17 10- (quar.)^ •'/. 9-11 1 quar.)y_";r,yy,/._:4:/,_, 25c 5%. preferred. ($100.par) (quar.y $1'A * 5%. preferred cum, ,(par $25) (quar.), 31'Ac • .; 1 11- 10-15 7.% (quar.) 10- Cement Common, 10-9 25c common ... $1% IOt / 9-15 9-30 9-30 $1.10 - participating preferred (quar.), Louisville ' 9-25 2 10-20 20c 9-15* ' -10- 2 25c 9-15. i- 1 9-30 11- 10-15 Loomis-Sayles. Second Fund,,— 9-19 v* . 1 10-15 10-15 9-15 9-30 7 r 9-29 30c —Z 50c $l'/8 $1.30 9-11 Star ••/>' 7% 3 $i'/2 ; • (quar.),,,/—' 30-1 - 9-19 9-30- ^ . Inc. 10- ./ 1 // (quar.),,,, Louisville Gas & EJec. 10-31 - 9-25 10- Lorillard - 8-31 2 9-14. 8 /,-,/Z/Z .■*/■; ZZ Z ■:/",,/.////y-..,/•;/ ,/ i,*,,,,,//-//,,,,,',-,,,,,,,' " : z.',.'$l Pipe Loomis-Sayles : 3 - 10- 9-30 6% > 10-15 ' 25c 10-1 $1% (quar.) V•//"// Participating 9-22 t - 10-1 $1% _L- (quar.)-•* $75c (s-a)--—4—> / : ,2c Fireman ••' - 10-1 25c $1" pfd.'(quar;),' f$l% ' (quar.75c Longhorn Portland Cement "Co.— ' ''' :/ /'' ..//>, V 10- 10- $1% preferred Irving Trust Co. (New York)t Z, 10- , 9-15 9-30 Lone 2 11- $lo/4 (quar.)—^.^^, Mfg. Co. vtc. Irving Ain Chute .-(quar.) , 10- 11-2 i 9-19 9-15 1 •» 9-19^: ■ 9-30 Z 1 10- 25c (quar.) (quar. CO.— 4,,,-: Loew's: (Marcus) •*' 9-22* - 9-30 , y / preferred ' (quar.),,,,*,,,,//,,'/:"/',-//,"',/" Loew's, 9-30 10-15 - preferred 10- 10-1 62'Ac 10- -9-12 10-15 • ' / Locke Steel Chain .(quar.),Z4_4_y,/.4l.l,>,4, 8-31"^ 1 >25 *12-24 10c ; ; 10-31 .,10-10 . . 25c common guaranteed Joint 8 % RR. capital Common. • 9-30 12-31 y $3 preferred A '(quar.)_____,__4__4.__, Miami Special 5 . 1 Zi- *'y 10-1 '•9-30 17'Ac preferred (quar.),", Oil Refining (quar.) ) Lipe-Rollway, class A,(quar.)//,//!!,',!//,,', ' : $1 convertible preferred Tquar.)y_y______, Liquid Carbonic Corp., common (quar.) 9-12 t . $1% Lion 9-23 2 9-19 9-19 33Ac - Link Belt Co., 6'/a% 2 , 45c 12- 1 9-30 30c 2 10->1- ♦: $1% 50c 10- . (quar.),, ://•/: Extra 9-15 12-1 / ■• $l»/2 -----^- 9-30 10-15 30c ; com. Stores Corp,<~ common 9- . (quar.y_Z____—_-_Z.Z.^ 10-15 6c $50c 4'A% preferred (quai-.^,„4,_,_/. Lexington Telephone Co., 5.2% pfd. (quar.)JLiggett & Myers Tobacco, 7% pfd. (quar.),, 7Lincoln Natl. Life Ins. Co. (Ft. Wayne)— 9- 1 12-15 $1% Z 9-15 75c Corporation*Z(quar.)/y,_4_/_4_,,,_ 10- 12-15 50c ; 5 1 2c (quar.) 2 10- 50c Z. (auar.)..__u_„„_ (quar.) preferred 9- , ' if 12- 10' ■50c (accum. Finance, (Charles) & Co., 7% Lerner 9-11 2%% >11-1 ,, 11- 12-15 $!% Z. 9-11 •, >.019 (quan) $7 1st prefen-ed $2.50 ——. ; 9-18 11-16 ; 17'Ac Lehigh Portland Cement Co. 4% pfd. (quar.) j'.Z ' 9-30 :yz 25c' _,__z,__Z_,,Z University— (quar.) ' preferred; Salle Original . 9-19 / .; preference Electric 10- 1, $1 ; 1st preferred, (quar.) 12-24 10- $15c ,4— Salle Extension Leath y 9-19 s V 9-30 ■"■>',■■• v' (s-a)- $1 Iowa Public Service,-common—10c $6 1-1-43 $10c 70c class A (quar.), ." Lawyers Title Insurance Co.' (Richmond, Va,p 6% preferred (s-at„__,/,^„_,,444_4„. Lawyers Trust Co. (N. Y.)_____,_, - 12-31 10-1 (q'uar.)8%c preferred non-cumulatives 9-22 $1 Va Cap Gold Mining Corp. 7% La 9-30 $1 ..•;': 9-30 Ltd.— 4 9- 1 10- $1 'A ,44, 9-18 10-16 10-1 • (quar.) Company 9-21 r $1% r (quar.) preferred $1 !_ (quar.) preferred La 9-18" 1-2-43 / $ 10c . — (quar.)—, 8-28 10- Lava *••.' ./ Co., Ltd.—y 9-24 75c Latrobe 9-15 .///ZZ"V, Z (accumulated)10-1 convertible 8% 9-11 1 ' 10- 9-11 v 10-21 (quar.)______ preferred preferred 6% 9-21 9-H preferred Langley's, Ltd.— "/ 'Z-; l/'i 16-'l- Investors Royaltv Co., common . 9-21 Z 9-15 50c 1 . 9-18 A1-1-/2' Sharest./———V:•..,'',50c Investment Foundation. 9-15 10-. 1 1 10- Chicago— —— Interstate Telephone. $6 pfd. Investment Co.- of America 10-15 1 +75c . 9-15 10- " 15c 7% . pfd. (quar.)„> Interstate Department Stores, common.^>„/' 7% preferred (quar;)+ - 9-15 , 30-31 $15c -•31'Ac 2- 9-19 $l'/8 Langendorf United Bakeries, class B * Class A >(quar.) 4.„....„/ 6% preferred (quar,),,_,J,,„„____//^_4 11-16 9-30 - $$1 International Silver Co.. 9-16 2 10- 1, 6 2 Vac 9-18 j——,,.:Z',y50c'..;-10- International-Salt .Coa—.- 9-16 9-30 $75c $1%. 9-19 10- 9-15 9-15 1 v 75c Nickel Co. of International 9-J9 10-15 um 9-15 1 1 9-18 9-30 ' Ocean Telegraph (quar,)^_>^ ; International Paper Co.,: 5% pfd.. (quar.)^r. - 9-15 ,125c 9-15 1 1 Lehman (St. Louis)— of preferred . ,7% 9-19 ; - 9-30 10- $$3% t$3% : _——/^i.— International Shoe,Co.- - 9-30*\ 9-15* 10-7 $l'/2 International 9-18 L 1 10- 10- ... — , 9-15 V 10- $1% Banking & Loan (Hamilton, Ontario) Quarterly ,4: Landers, Frary & Clark (quar.) Landis Machine Co.— "Z , /' / Z; /'• /'•'., ZZ Common (quar.) ' 1% preferred (quar.), 1 Lang (John A.) & Sons (quar. 9-30' • /- ,r_ 7% 9-21 10-. 1, 7% convertible Lambert 9-19" /': . Canada, Ltd. (quar.) Payable in U. S.. funds Z 10- -i—---- -— Cooperage, class A—• .'.V ' i - (Toronto) / -4%i preferred , 9-22 2 .10- .1 $0.0244 ,1 £ ■ Zv $l'/2 •> 15c - 9-15 b5c - (B.) preferred Co. (interim) ' - i •v 10- ioc 35c. (Winnipeg) '(quar.) 6^ : 9-15 1 •' 10-1 75c' ,-t$3 . preferred (quar.)-——-—— 6#i 2nd preferred (accum.)— Great Western Sugar, common (quar.)_J—— 7% preferred (quar-) —.— Green (H. L.) Co. (quar.)—————- Greif Brosv. t9-18 1 10- Col, 6% 1*9-18 9-30 •' 75c -62'/2c International Minerals & Chemical Corp.— ' ' " Common (initial) Co., Ltd.— Water System, Z $5hc preferred—' 1 .10--1 ' 1st Greenwich . 1 '10-15 30c (irregular) • 50c International Business Mach. Corp;, (rjuarj) $1% International Harvester Co./ com. (quar.), 50c International Milling,-. 5% preferred (quar.)_ ' $1'A Internat. t62y2c 10c * $1 Va Telephone, >6% preferred (quar.)/., Lamaque Gold Mines/Ltd. (interim) /;•' Extra 9-11 / 10-15 25c Bank group,shares class A ' -Insuranoe Group Shares (stock div.)— Interlake Steamship Co. . y '• $62c 9-14 9-15 1 8-24 101 t $1'A : s>./ — •Aviation• Group . ■ * - . 9-30 1 La Crosse Inlandr Investors, Inc. " 15c - 9-30 9-21 Institutional Group Securities—rZV;,A.i;.« .• $iy4 9-14 10- 9-14 * $1'A (quar.)„„,_,„__, 6% 9-23 '10- - (quarterly) 50c; preferred (quar.)—>, $1(<W 4'/2% . Common Assurance Industrial Rayon • -• 50c ■-62'/2c :'■ ./ $1 /Common - •: 1 (quar.)Z Laclede-Cliristy Clay Products Co.— r 87'Ac u—„ 10- i 10,-19 * Landed ■/- (quar.) 1 $iya (quar.)_,I_, ■ $6 preferred •/7% second preferred (quar.), Lackawanna RR. of N. J. (quar.) 9-22 9-30 1 10- Department Stores (Reduced v/ 1 6l7o 9-31 10- 10- 9-18/ • 11- $1 y» 10- 9-23 '/ :9-30 : $l'/2> 7 — Quarterly - ■ 25c ' / —^— Industrial National .. Wire Co. (quar.)_————Greenwich Gas Co., $1.25 pa-rtio.-pfd.--(quar;) •: 9-29 15c $1'A (quar.) Kresge Dept. Stores, 4% conv. pfd. Kroger Grocery & Baking— 10-1* 12c 1 9-18 10- - Co. Industrial Bank & .Trust Co. , . -Greening / 50b =-10- 1J 9-15 •; .Z'Z" $1.05-510-1 Z 9-15' ;//15c 10- 1 9-21/ Z / $50c !%i 10/'-l ■/ 9-15 " (quar.)— 1 /< i (quar.),,,,^/,,,^,,,,,,^^!:, preferred 10- $1% Power, 57a pfd. (quar.) Elec., 7% preferred (quar.) preferred $1% 25c 9-11 : ; ' . 7% Company, $1.50 preferred (quar.) (D.) : Emil Company, common,, ; Kobe, Inc., 6% preferred AZ„„_______ Koppers Company, 6% preferred (quar.) 10- 7 - C.). Co., 6% 9-15 - "10- 1 M5c xommon Sons Co., * $1 'A 9-19 •>/ .. $5c i: $i'/2 common——- Mortgage Corp. .'9-4 Klein ' 9-11 7'7a .preferred (quar.)-,:• I. $1 % 30- 1 Indianapolis Pwr. & Lt., 5(4% pfd. (quar.)$1.31'A •/ 10- 1 Indianapolis Water Co., 5% pfd. A (quar.)^'; $1'A 10-1 Industrial Acceptance, 5% conv. pfd. (quar.) Z. ;1 $1'A ZZ.:9-30 3; Co. West Saddlery ! 9-11 9-29 50c y . preference (s-a)——/__/_— 1/— 3% Indiana General Service, 6^ pfd. (quar'ZjliX;;/$1 % Indiana & Michigan Electric, 6% pfd. {duar.),."y.Z'Z $l'/a (quar.) . 9-20 ' 50c.:. 10- I ' (quar.)—9-18 10- l > $3^ pfd.Mquar.)——y \8IV2C 10- 1 $1%/. 11- 2 Gillette Safety Razor. $5 pfd. (quar.)—10-26 10-10 $ 1 V-2' " Gimbel Brothers, Inc., $6 preferred (quar.) — 9-15 50c : 10-a Girard Trust Co, (Phila.) (quar.) / 9-14 / 10- 1 v." 40c-i Glens Falls Insurance Co; (N. Y.) (quar.)— 10- 1. 9-12 56'Ac Glidden Co., 4Va% convertible pfd. (quar.)_ , 10- 1 9-21 / ; $1% Globe-Wernicke, 1% preferred (quar.)__^—10- 1: ..9-18 $1 Godchaux Sugars, Inc., class A (quar.)—— 9-18 10- 1 $1%... $7 preferred (quar.h.— 5c 9-10 ;. 9-30 Goebel Brewing Co. (quar.)—————— 10-31 10-15 $2c Gold Belt Mining Co., Ltd. (interim)/—,, :■ 10- 1 SlVa 9-30 Gold & Stock Telegraph Co." (quar.)—; .10- 1 62'/ac ,9-10 ' Gbldblatt Brplhers, $2J50 cohv. pfd." (quar.)- . 10-15 9-30 ■l„ 20c Golden State Co., Ltd. (quar,)— — > / 9-30 ■ 50c >r. 9-30 Goodman Mfg. Co $6 preferred Great 30C./ ' 1 10- // j6r/c , 9-15 1 10- 10- Great West Life Assurance t25c (quar.)_-__t,-___-_—__u 9-21 10- / Imperial Paper & Color Corp.— ' Imperial Tobacco Co. of Canada, Ltd.— 9-10 i 1 Liie Quau-terly Quarterly vt9irl8 1 10" $i% $iy4 \ (B. F.) CO., $5 preferred (quar.) — Goodyear Tire & Rubber (Canada)— ; Common (quar.)— 5% preferred (quar.)—'— Gorton-Pew Fisheries (quar".T-—-—Goulds Pumps, Inc., 7f^ preferred—-/—— Griand Rapids Varnish Corp." (quar.)— I—— Grant (W. T.)- Co. (Del.), common (quar.)_w 5% ^preferred- (quar,)_———i——. Great American Insurance (quar.) Great Lakes Paper Co., Ltd.— $2 class A partic. preference (accum.) — $2 class B partiq. preference (accum,)—„ Great Lakes Power Co., class A pref. (quar.) 10- (quar.)— (interim)_y— Refining— Erie 1 Kirsch 9-23 9-30 25c $l»/2 25c $ll/a Goodrich 37'/aC Z / y Imperial '' Georgia Power $5 preferred * (quar.)——— (A. 1 9-23 • 9-10* / 9-29 ;? 25c Common,(quar.) (quar.)—— —v— General Tire & RubberCo.y6% pfd. (quar.) Gilbert 10- — (quar.)_—- .10- 5 10-1. •; 62'/ac /:' $6 preferred Gibson Art $1% (quar.) & 4 10- " 9-16 , 2 io- 1 25c 9 9-21 10-1 v $lVav (quar.) 10- 10-1 Sl'A , — Telephone, Corp.. 2 10- 15c v . • 4, General 11- $i% $1% preferred. (quar.)——— General Refractories Co 1 - General General 10- — — 6% 9- $iy» ' Kings County Lighting Co., 5% pfd. D (quar.) 6% preferred C (quar.) 7% preferred B (quar.) ; 10-20 Huttig Sash At Door 7% preferred (quar.)_A$1%^ / 9-30 9-211 v»* Hyde Parld Breweries Association^y^-^-t//;: / 50c ' 10- % 9-17/ Ideal Cement Co. (quar.)„—y-'—, 35c f n 9-30 •V 9- 5Illinois Bell Telephone Co._————yzyj., * '•'$1% 9t30 9-18 • Illinois Commercial Telephone Co., f•' y-j Madison, Wise., $6 preferred (quar.) »$iy2 V 10- 1 9-15 Imperial Bank-of Canada (reduced quar-,)-« 1 11- 2 $$2 9-30 , 9 '21' 9 -21 10-30 31'Ac (quar.)—! (extra) (quar.) Hussman-Ligonier, 9.-25 5 5 9-18 $1'A Co., * 1 Kentucky Utilities, 6% preferred (quar.),,, Kerlyn Oil Co. class A (quar.) Keystone Public Service, $2.80 pfd. (quar.), Kimberly-Clark Corp., common (quar.) 6% preferred (quar.) • $i % preferred General Industries, General r 1 $iv,«v; (quar.)————y— 5% pfd. (quar.)—^ Instrument Corp, (quar.)————— ;? Mills, Inc., 5% pfd. (quar.)— Motors. Corp., ~$5 preferred (quar.)— Paint Corp., $2.67 preferred———V : Printing Ink Corp., $6 pfd. (quarj- $4.50 10- 10-1 -y 99- Z 10-1 15c Huron /. 9-19 $1 — (Canada) 9- 10- Copper Special Z— 9-19 />/: $1% 9-23 $1'A $1,50 9-19 /, , 9-17 (quar.)__ Kelsey-Hay6s 9-30 43 %c 1 (quar.)„,._, B Kennecott 9-30 v 9-10 preferred Electric 9-19 9-1i** - common—- Hummel-Ross Fibre Corp., -30. 9-19 1 7 1 preferred A (E.) f 1 9-30 10- , Keith-Albee-Orpheum, 7% conv. pfd. (quar.) Kelley Island Lime & Transportation— 10- 10c Humphreys Mfg. Co., common : 6% , preferred (quar!) v 9--10 19 10-24 25c /;■ $i%?> preferred 9-■19 10-10 35c r:: General Electric Co, -—/-J— Humble Oil &. 6 Kaynee 10- (quar.)-J — $1.50 pfd. (quar.) Co. 10--17/31 10- 3 22c, preferred Shoe .9 -18 . , IVaC i -,7/p Howe, Sound Humberstone 5 10- r Corp., common ,(quar.)_(quar.)— 9 -18' 1 10- • 1 : 10- ;'$7 preferred 9-21 1 9-10 1 10- Z'9-19 10- - 9-18 10- $1% (quar.)__„____. ' $1 'A - 9-18 .9-29 . 50c 9-16 ' 9-18 ; $1% Kaufmann / .10-; 5 9-29 9-29 $1% Katz Drug $4.50 preferred (quar.)_, Kaufman ■ (Charles"A.) Co. 10-1 ■ ' $ 1V2 37'/ac $1% ' 1 9-15 10-26 7. 9-10 9-15 : 9-15 9-30 30c 1 *10-17 9-10 * 9-30 $1% 1 ; v$iya '• Houston Light & Power (monthly)-L. Houston-Natural Gas Corp. com. (quar.)—_ 1 50c 9-22 9-22 2 $6 Electrochemical preferred . 1 9-22 10- ' 9-16 10/ 15c -Z,— (initial)— 9 11- (irregularly- , yU 10- 9-22 ' 11- $6 9-30 1 10- 37'/2C Household Finance Z 1" 1%% Kansas-Nebraska Natural Gas, com. ^ (quar.)___ Transit 9 10- $1 '/a (quar.)*-^ Capital Corporation / t9 , $2 (quar.). (quar.)——; (irregular,) General Box' Co. General 10- 75c.,« ■/": 1 9-28 fV. 15c •' General American Investors, $6 pfd. General Baking 40c (quar.)—w— ?: 9 -15 1 10- : 1S1.37 (quar.) i- 9 -19 - 10- 25c — Z 1 9-30 50c preferred . 1 10- $1% / 6 9-21 10-15 25c Co.— ZT:,/- ; / (quar.)— /„■—_• Hoover Ball & Bearing Co. (irregular)—-— Houdaille-Hershey;' class A (quar.)—^-i-/ 6<U 9 ■15 , 9-30uV '9 10- Hooker 25 •; 9 •15 9-30 „ Rapid 6% .preferred 9 •15 9-30,/ ;t$lV* :— class 1 Honolulu 21 9 9-30... f.9-30 115c partic. preferred A cum. i 10c * : preferred (quar.)——-, 5'A% preferred (quar.).— Gemmer 1 37Vac (quar.)—,— 21 10- v lTVaC ., 21.. J 10- $1% Z————j, Co, 1 10- $1% $1'A Kansas Power Co., (quai\)>/^-__Zi_, Trust Co. Co. •: $1% Spencer Bartlett & Co. (monthly)Oil, 5% prior preferred (quar.)—— (D. H.) 10- l'/4% 9-17 $1.06 V4 Kansas Gas <fe 25c Paper l'AZfl preferred (quar.) Kalamazoo Stove & Furnace-^_,^,_„_, Kansas City Power & Light, $6 pfd. B (quar.) 9-17 $1%" (quar.)— Corp (Charles E.) (quar. preferred Kansas 9-16 1 9-22 5% 9-15 1 10- 1 5% - ■,'■(> : , 9-30 10- 30c (quar.)d._—y (quar.) preferred Kahn's $6 preferred Honey Dew, Ltd. (quar.)— Honey.mead Products (quar.) v 9 ..',9 = 9-17 10- (quar.)__„^„^__„_4_,Z._,; 9-23 Home Gas & Electric, 9 1 9-15 9-30 Holophane Company, common-x—2L $2.10 preferred :(a-a) V 9 21 9-30 1 25c Co. Monthly 1 10, $l'/a (quar.) 1 10- 1 17c Jewell Tea 9-16 lquar.)„u_i.—u_ Co, (quar.)——— _-/t,^,—Hollinger Consolidated Gold Mines— V. Z " 9-30 10- ■ ioc 30c . 5% • 10- . $2 (quar.)—— common 30c sr $1; - ' Gatineau Power Co., common 11- $1% ■; (quar.)„/_, (quar.) Motors Holmes '■•C . 9-30 10- Co., Inc., 4'A % preferred (quar.) Johns-Manville Corp., 7% pfd. (quar.),___, Joliet & Chicago RR. Co., stamped (quar.) Jones & Laughlin Steel Corp., com. (reduced) 9-21 •9-9 9-15 Holland Furnace y (quar.)— pfd. Hires 6% 7% 9-15 ; I 1 9-29 9-15 — 5% .preferred Hinde & Dauch 9-15 . 10- ' y / 10-^1 ■ 1 1 & Co., common 7%'prior preferred '9-15 1 9-19 10- 1 Co.——-u-/—, Hilton-Davis Chemical, Hinde & Dauch Paper, V" Gorlock Packing Co, Garrett •9-15 9-15 (quart,/ common 10-1 10- .,_4,_, preferred Inc., class B Garfinckel;(J.) 6% preferred Y.) (N. 9-20 10- ; 25c (quar.) Co.,—— Co., 6% 1 l;35c (quar.)— & Malting Co., com. Co. Hibbard 10- .1 ,— Brush 1. t$l% •y Extra ——w—-—v——* i $1.20 preferred < quar.) Fuller ; pfd. (quar.)_—— Distilling— convertible Hercules $l!t! Water Supply Co., com. (quar.)Z.'__ preferred A (quar.) (W. B.) Co. (resumed)«__^,_ Jenkins Brothers, founders shares Non-voting shares (irregular), ! 7?o preferred (quar.)_ Jersey Central Power & Light Co.,-— 5'A'/a preferred (quar.) 9-15 • 1 (quar.): $5 9-15 1 10- • (quar.) ; (George W.) Co., common (quar.) preferred (quar.)i--——— ,:_i—. :;x7% - 9-24 37%C — Foundation Co. of Canada, Ltd. (quar.) Fox (Peter) Brewing Co. (quar.)_iLv__— 60c 1 " , —.-_-/, Franklin County 10-24 10- • 50c Paper Corp., 5'* 10-24 10- $1% : preferred Fox River 2 11- 2 75c C 10- Jamaica . 10-15 25c — Insurance (Walter E.) Hickok Foster Wheeler Corp.-*-* > 6% prior preferred (quar.) $7 11- 25c ,15c ,— 1 ■ 10- 10- _///-. pfd. Nat'l-Bank of Rec. Jarvis 10- 43% C Extra Helme ,—- preferred 9-15 f50c :ZZ/Z7%, preferred Z'/;//■ (irregular) convertible 9-15 1 <; 9-30 — Common Forbes & Wallace, 7% , 10- $50 4'/2% pfd. (quar.)_ Co. (quar.)_j-y»-i HazelrAtlas Glass ;(quar.) * $6 ' , noc preferred 7% Holders Payable preference D (quar.) preferred A (quar.)^^„ preferred B (quar.)^,^ -» $iy2 hr/P preferred (quar.)' ! Haverty Furniture Cos., $1.50 pfd. (quar.)s Hawley Pulp & Paper, $7 1st pfd. (quar.)__ y ; *$6 2nd preferred (quar.)//-__-y-"-/--yZ. ^ 9-24 . T/o 25c ; 11-20 j'9-30 . preference 57a 9 Hatfield-Campbell Creek Coal— Stores— Florida Power & Light, $7 pfd. 5% 9-15 70c $5 preferred (quar.)_ Savings Bank (Chicago)—' Harshaw Chemical 11-24 1 (quar.)—,—;— 7% When share . 50c common 9-15 ■ ■ Hartford Fire Jamaica Public Service, 9- 10-1' ■' , (quar./__^_„___ 1 com, (interim)(quar.)— class A (quar.) Harrisburg Gas, : ' . common 1 f75c Quarterly ; 1 1 preferred Co., 10- 40c Ltd., (accum.) & 10- 10- Coal 10- 40c ——^ Insurance Co., Harris Trust < ' - Harris-Seybold-Potter, 9-15 (quar.)—,.— (A.) .10-1-- ' Creek — Paper'Co., 6%,preferred ; $6 Name of Company / , Theatres, Ltd.— preferred , Harris 12-23 York* (quar.)— "r Trust— (irregular) Harbison-Walker Refractories Co.— 9-23 $1 United Hanover Fire 9-25 $1 / ' Md.), 6% preferredpfd. (annual) ;^v—, Co., Mfg. Go., Hammermill ' 9-I8 i New (St. Louis) 7 T/c .9-15 Bank ^Pittsburgh) National ' - 5/1 10-15 Investment preferred (Bait., Cottons Hamilton / 9-12 (Phila.) Bank First National Bank 1 $1 (quar.),_y_4_-,; First National Bank of Chicago (quar,)—— First Nat'TBank of Jersey City (quar.) ,,w„'. Quarterly —,—— z/,-—\, of 9-30 I $2 convertible preferred Hamilton 9-19 6%c (Bait.) National Bank 9-30 — (quar.) (s-a) Corp. Realty Hamilton ; 9-25 f55c Gulf Power Co, $6 pfd. (quar.)_i—u— Group No. 1 Oil Corp.-/ -u_—ZZw Hackensack Water.,7% pfd. A (quar.) J Haloid Company j. *"• ; 10-26 15c (quar.) common preferred Fund ' 9-30. . Shares Series Gulf Coast Water, V/o Gulf Oil Corp. (quar.) 9-15 1 10-1 37'Ac $1.50 preferredu' Rail Guilford 25c , 5c Fireman's First f $iy2 (quar.) (quar.),,,, of Guardian 10-10 '; Finance Co. First 1 10-15 Extra 5'A% 10- 75c : (qua?.),/ B Guardian Public Utilities Investment Trust— Non-cum. Extra Class Giiardian Investment Trust, 9-30 (s-a)___ Preferred (quar.»__ Finance Co. of America Class 6% (N. Y.) (Wm.)„& Sons, Series I preferred 9-30 2 Island 1 9-15 11- 9-25 Investment Trust— 1 Co.— / (quar.) series 2nd Avenue Bank Fllene's Guardian Bank Shares Dyeing— of Rec, 10- 1 , preferred 10-15 1$4 Fidelity Trust Co. (Bait.) 9-19 Per Payable 25c 10-15 '* $lVa ______ 1 10- 50c common— (quar.)—— Field 10- 35c 9-11 1113 Holders When Share , . (quar.) common (quar.) 13%c Griggs Cooper & Co., .1% pfd. (quar.)$1% Gruen Watch Co., common (quar.) '12'/2c 5% preferred (quar.) 31'Ac Guaranty Trust Ccf. of New York (quar.)__ $3 9-12 10c Stores Name of Company ' 5'/a% 9-15 preferred preferred Fifth 1 9-30 (quar.),,,,. ' Shoe Fenton United Cleaning & 7% 10- 25c (quar.) Curme $7 1 Truck—— preferred & 10- Inc Federal Services Finance Corp., Feltman 9-25 1 (Syracuse, (irregular) Shops, Motor 10- $2'/a Faultless Rubber Co. Federal Insurance / Greyhound Corp., Y.)- (quar.),, Federal Per t ' of Rec. (L. AO$4 '/a FINANCIAL CHRONICLE Holders 10. t*- 4 9-15 1 ; *•. 9-11 i; M : THE COMMERCIAL & FINANCIAL CHRONICLE 1114 10- 1 9-30 9-30 9-30 11-30 10-15 9-30 10" 1 10-1 10-1 $1 Marven's, Ltd., 6A preference (quar.)— tSlVa Mathieson Alkali Works, common__________ 25c 7% preferred (quar.)—J,.*;.—__w—$1% McClatchy Newspapers, 7 A preferred (quar.) 43%c McColl-Frontenac Oil, 6A Pfd-. (quar.)--™J$lJ/a McCrory Stores Corp. (quar.)—.——____/ 25c McGraw-Hill Publishing .Co,-—,-—-—--4--,k;' 15c McKee (Arthur) & Co., class 75c McQuay-Norris Mfg. Co. (quar.)™—; r 62Vac McWilliams Dredging — 25c Mead Johnson & Co. (quar.): 75c «" Martin-Rockwell Corp. ™_™_::_™__k_±™k__;:A_k_kkAkk:,' 50c'' Meadville Conneaut Lake & Linesville RR.-— (s-a) 6 Mercantile-Commerce Bk. & Tr. Quarterly,™—; "Quarterly Merchants Bank of New York ■- 12- 5 12- 5 i— Quarterly 9-15 $1% $lVz $lVa $lVi $1V* $1% $1% Metal & Thermit Corp., 7% preferred (quar.) Metropolitan Edison, $6 cum. pfd. (quar.) $6 prior preferred (quar.) A— _i $5 cumulative preferred (quar.)__ S7 cumulative preferred (quar.) __ •— $7 prior preferred (quar.)_; ____ Meyer-Blanke Co., 7 % preferred (quar.)-—.Michigan Public ServiceSB junior preferred (quar.)———-,/■ ' 10-1 10-1 10- 1 10-1 10-1 $lJ/2 $iy2 $lVa $1% preferred series of 1940 (quar.)—.—-. 6A preferred (quar.) ——/ 7% preferred (quar.) Miami Copper Co. Michigan Associated Telephone— 6% preferred (quar.}_ —• A— Midland Steel Products, common % $2- non-cumulative preferred 8'fr preferred Midwest Piping & Supply (quar.) —_ Mid-West Refineries; Inc., com. (irregular). Midwest Tool & Mfg. (quar.)——— Miller Tool & Mfg. (initial) Minneapolis Gas Light $5 partic. units (quar.) Minnesota Power & Light, 7 A pfd.: (quar.)__ 6'k preferred (quar.)_ 10- 1 10- 1 10- 1 10-1 10-16 25c T/o $1V2 50c 9-16* 9-19 9-16 9-21 Utilities, class A North American One ; 9-15 9-15 9-15 9-15 :/-, common 7% 10- 2*. preferred A 10-1 (quar.)—- ■ (quar ) 6in (reduced) 6% 6% (St. Louis) 6%/ (quar.) Manufacturing Corp. Co., 1st pfd, -National $1(4 $1(4 10- 1 9-30 12-15 50c 9-28 12-28 10-15 10-15 9-30 10-1 ' 10- 1 12- 1 11- 2 10,-15 50c ' 15c (quar.) Battery Co.— ;Lv National Biscuit Co.__™_— ' National Bond & Vk;,'" 15'c.'-,; 10-15 t50c 10- 1 preferred (quar.)__ i44c 10- 1 National Candy Co., common.— 25c 10- 1 T"c 1st preferred (quar.) $134 10.- 1 7.% 2nd preferred (quart)_:_k--~k.-——$134 10- 1 National Breweries, Ltd., common Tin. National Cash Register National Casket Co., (quar.)—.; Jk; (quar.)—25c (resumed)— 25c preferred ——.4%—;--/. t$23A National City Bank. (Cleveland ( (s-a)__—™ 60c National Citv Lines, class A (quar.)_—— 50c $3 conv. preferred (quar.)___—75c National Dairy Products Corp. (quar.) , 20c National Department Stores, 6% pfd. (s-a)_ 30c National Elec. Welding Machine Co. (quar.) 2c National Enameling & Stamping Co.__-._-37l/2C National Folding Box, com, (irregular) 50c National Fuel Gas Co. (quar.)— 25c National Grocers, Ltd., $1.50 pfd. (quar,) t37c National Lead Co., common (quar.)—12(4c 6preferred B (quar.) —$lVa common $7 __ National Oil Products 25c ,, National Power & Light, $6 pfd. 10-16 10-16 10- 1 9-15 11-2 10-10 10- 9-17 1 50C Pictorial Car $134 6'/2% - Navarro , Oil , ^ Company.—— Neiman-Marcus Co., 5% preferred (quar.) __ 9-21 1 9-19. 10-15 $2ya 9-18 10-10 ■ $1.31 y*. 10- 10-1 2AC XI- 1 'A 9-21 I 10-15. 11-16 9-30 11- preferred 1 9-15.k 10- 1 (Conn.)— 9-18 10- 1 9-18 9-30 9-15 . Corp 10c' " 65c 10-1 10- 1 9-15 15c 10- 1 8-31 75c 10- 1 9-15. ;'$!% io- i (s-a) (B. C.) _____ Plomb Tool Co., $1% 1 1 9-15 15c A 10-15 10-1 20c 9-30 5 10-1 9- 10-1 9rl0 1 9-10 10- Pollack Paper &: Box Co., T/o / pfd. $1%. 12-15 i Pond Creek Pocahontas Co.^____^_k— Porto Rico Power, Ltd., 7% pfd. Potash Co. of America k 10- 1 (quar.)__ 10- 9-25 ' 9-10* 12-15. 1 9-17. $1% 10- 1 9-15 ' 50c 10- 1 9-15- " 50c (quar.) ' — Power 10- 1 9-20 t60c 10-20 9-30 10-20. 9-30 Corp. of Canada, 6% 1st pfd. (quar.) 6% non-cum. partic. preferred (quar.) Pratt & Lambert, Inc. (reduced)— Premier Gold Mining Co., Ltd. (reduced) 50c 10- 1 9-24 Pressed Steel Car Co., 50c 10-' 1 9-24 75c 10- 9-20 kk'kk-' 9-15 10-1 : 9-30 15c 50c ' (quar.)_. Plymouth Oil Co._^_—k—,■ — ; ":kk 9-24 10-1 A'/A.' . 9-io 10- $2 v2:. (quar.) Mfg. Co. 9-10 10- $1 (quar.) common Plume & Atwood 9-10 ; 10-6 75c (reduced quar.)—___ Planters Nut & Chocolate 9-15 ;.Ak; 9-15 65c pfd. (s-a) Plainfield Union Water 2 .-15-43 10- - , 1-43 • 75c Plough, Inc.: 20c —• ^ preferred— __ __ _.—_ _ k my2 Tire 10-15 175c 10-15 N. Y., k 9-19 Nova Scotia 25c 9- 9-30 10-26 9-30 Procter 10-1 9-15 Prosperity Co., 5% preferred 5%> preferred (quar.) $4(4 (quar.) 7% , 1 ; & Gamble $l5/a 10- 9-21 Providence Gas Co. $134 10- 9-19 10- 9-19 9-14 1 9-15 Public Nat. ' Common 50c $$1(4 7(4c —_____kk:k'7(4c 9-17 10-1 10- 19-30 (quar.) Y.) 10-15, 11-14 9-30 10-1 11- 1 11- 1 10- 1 10- 1 10-30 Ohio Edison Co., $6 preferred . $6.60 i': $5 preferred 9-23 , preferred . (quar.)___ — . , $7 preferred (quar.) $7,20 preferred (quar.) (monthly) 5% 12-21 eommon (qua-r.)— :—— , ;k:.6%"- preferred , k ______ preferred 6A preferred 9-15 1 9-15 10- 3 1 9-16 9-30 1 9-15 $5 non-cumulative;preferred 1 9-23 10- 1 9-21 5&y3c 10- 1 9-19 10- 1 9-19 10- 1 9-19 50c ■ _______ * 41%C 20c 9-30 50c 10-15 11-14 10-15 $iy». $1% 9-30 8-28 9-30 . ' Public Service 1 9-10 1 9-10 10-1 9-10 10- 1 9-19 10- 1 9-19 k 10- X 9-19 ■ k ' - 8-28 . 9-10 ' -• Radio Corp. , ' Ontario Loan & Debenture Co. . Ottawa Electric Ottawa Light, Heat & Power, Railway '■'■if 5%' preferred (quar.) (quax*.) — _ com. : Otter Tail-Power, $4»/2 preferred Plantation—. ■'.Pacific' Can Coi (quar.) iquar.)_— 10- 1 ;/'. 8-26 8-26 ; 10- 1 $iy8v. .l0- 1" A 9-15 9-25 15c • • 10-5 tl5c $$1(4 (quar.) ^ . Paauhau Sugar 5% preferred (quar.) ^ k — Pacific Finance of California, com. ' . (quar.)— — s 9-30 9-W 9-22 6% 9-22 9-11* 1st Mines, Ltd; Steel Car, 10-15 25c 9-30 A'k'A 10- 1 9-19" r kkk.. k/A:$2.; ^■'$134, 10- 1 9-19 11-30 11- 2 87 AC 10- 1 9-21 10- 1 9-21 Class 10-20 f 7c 10-20 ; kA;25ck (quar.) " 9-30 Reed 25c a 9-30 9-15 50c 9-30 : 9-15 :,10- :30c _________ u ■':- ■■ 1 ' 7A pfd. (quar.) (increased) 6% 1 9-17 9-21 , 9-15 10- 1 1 k 9-15 40c 9-30 9-19 *40c 12- 1 non-cumulative preferred (quar.)__ (quar.) 11-16, 90c preferred A 10- 25c 11-2 $i% 10- 1 (Dayton) common ; 12 Ac 6A preferred B Republic Steel Corp,, common____A—-_--_A 6A preferred;. (quar;)ik-kk»kkikyikAA)AA''' / 6A prior preference A (quar.) Reynolds Metals Co., 5'AA conv. pfd. (quar.) Rice-Stix Dry Goods Co. 7% 1st pfd. (quar.) Ak' 7 % '2nd preferred (quar.) 1 1 9-21 9-10. 10- 1 9-21 9^10 11- 2 15c 25c 10-15. 11- 2 ■ 10-31 9-15 9-18 10-17 y 9-15 ' A $1A 10-15 10- 2 : 9-9 10- i 9- 10-1 9- 9 10- 9-18*' 9v " 12-31 Richman 81A •; $1% $1% 1 10- 1 9-15 10- I 9-15 10- 1 9-23 :"$1A 10- 1 9-11 $1% 9-30 9-15 ;;30c 9-30 9-15 25c $1% ; ' Brothers Co 50c 10-15 : 10c 10- 7 ' Richmond Water Works, 6% pfd; (quar.)__ Supply, common.—: 15c ; 10-15 10- 7 60c convertible preferred A (quar;)kk__kk_' Rich's Inc.. 6ya% preferred (quar.) i5c ; 10-15 10- 7 60c convertible preferred B (quar.) x^-kkkk' Rieke Metal Products (quar.) A_____A-_kk 10- 1 ■/, ■ 9-15 >50c Peninsular Telephone (quar-.) ——___k:.k.k Ritter 8£ Company, common;_____k-'________ : k 50C 12-43 12-15 Common- (quarterly) —_—% ■ 5A convertible preferred (quar.);________ 35c>- ? 11-1511-5 ' $1.40 class A (quar.) Riverside Silk Mills, $2 partic. A pfd. (quar.) -iki35c- 2-15-43 2-5-43 y $1.40 class A (quar.) Rochester Telephone, common (quar.).:_k_kkk s 75c 9-14 9-30 .'Penney. (J. C.) Co._-k_k— /' 4 y2 A 1st preferred series "A (quar,)lA-^A Roeser & Pendleton, Inc. (quar.)__ Pennsylvania Co. for Insurance on Lives and 10-1/ '9-12 Granting Annuities (Phila.) (quar.)—,—_k ■"*'i"40c Rolls-Royce, Ltd., ord. regis. (final)_™AA 10- 1 $1 'A • 9-10 .-•■Rome Cable' Corp Pennsylvania Edison Co., $5 pfdv (quar.)a— '• 10-1 70c -9-10 i Russell Industries, Ltd;, common (quar.)™ j. $2.80 preferred (<uar.) ; Payne Furnace. . . 10-1 9-22 sryt 10- 1 9-22 50c 10- 1 9-15. — . 10-17 . 7A -;20c . - 10- 9-15 10- .9-15 9-30 9-21 10- 1 '9-24 3,0-15 9-30 Pennsylvania Sugar Co., 5y4 10- 1 9-30 11-2 10-16 9-30 9-21 9-8 9-24 10-20 9-15. 9-11 5% k pfd. k(quar.)k_- 10- 9-30 9-30 9-17 9-17< Peoples Telephone Cbrp. 10- 1 9-15 Perfect Circle 25c 10- 1 9:11 10-1 9-21 __ Co, .(irregular) Perfection Stove Co, Milk 4lA% Co., (quar.)— common prefei'red 9-15 9-15 9-15 10-1 10-15 10- •37,y2C 25c $1.06^4 1. . „ 8 9-22 . • ' ■ . IO-,. 1 10-1 9-19 10- 1 9-19 10- Quarterly Sangamo Co., Ltd.' (quar.)_i Sangamo-Electric Co._^.— . 9-2!*"*'" 9-30 9-10 6A 9-11 1. 9-10 7A 10- 8-3 1 9-10 120c 9-30 9-16 l$l3/4 9-30 9-15- $l3/4 10- 1 $5.46 9-28 9-18 " 9-21 $1 ... 10- 1 9-18 75c 10- 1 9-19 $l'/4 10-, 1 9-19' 125c 175c $1 t$l3/4 . k 62 Ac 25c — 25c ; 8% . $3 "D" (quar.)^.; "C" (quar,)_ debenture' "3" (quar.)___ debenture Savannah Sugar 10- 1 9-10 $ls/s 10-1 9-10 $1% 10- 1 9-10 $1A: 10-1 9-10 10- 1 9.-10 10- 9-12 (s-a) debenture debenture 7y2A 9-10 10- preferred 6.y2A 9-20 1 10-14: Savann'kh Electric & Power Co.— 9-18 9-30 15 c 1 Sari Francisco. Remedial Loan Association— 8-25 10- "20% A__ Sablit.Robbins Paper 7 A preferred^ (quar.) __; Sachigo River Exploration (liquidating)__k__ Safety Car Heating & Lighting Co.__™_A._ Safeway Stores, Inc., common (quart) 5A ,preferred (qyar.)_, . St. Lawrence Corp.— ■ ..AA..-.-. ',4A class A conv. preferred (accum.)_____ St. Lawrence Paper Mills, 6A pfd. (accum.) St. Louis National Stockyards_______„_—; St, Regis Paper, 7A preferred____^____yky__;. . ;..25c),' . —, 9-30 .$1%. _k_ 9- .10-15 $2 . (auar,)_ (quar.)____ i io-,. t 10-1 25c _r_, (quer.)^__ Peoria Water Works, T/o pfd. (quar.)—,— Pet 9-15 10- " C'tnrterly i preferred (quar;) 25C ______ 9-15' 10-1 , 9-30. ; 1 io- 1214c- , 9-19 9-15 . : 10- 62y2c Pennsylvania Telephone, $2)4 pfd;-(quart)— $1(quar.)_ '. $5 preferred (quar.)__ $1'A ;.k 35c Peoples Drug Stores (irregular)_—.-k-,-,——v $1 Peoples Gas Light & Coke Co i-t—A Peoples National Bank (Bklyn.) (stk. div.)_ 19.047% Peoples National Bank (Seaotle, Wash.)— 10-15 9-15 1 10- x Pennsylvania Water & Power, com. 11- 2 11-20 a am $iy«. ' Pennsylvania Glass Sand Corp,— Common (reduced quar.)^kw-.___k_^____k_i Ak'k 9-19 10- $1A. kk 15C 9-24 10- 20c ■ 9-16 9-30 : 10-22 k 10-1 37 Ac (quar.)___ (quar.)___ 1 ■ 9-16 iff. 9-15 10- - , 9-10 V • 10- Ac 87 ______ 7A.preferred, (quar.) Reliable Stores Corp,, common (quar.) 5A conv. preferred (quar,) Remington Rand, Inc., com, (interim) $4.50 preferred (quar.) Republic Investors Fund, Inc..— . V: 9-17 1 } k 9-22 83/4C Corp. Roller Bit Co. $160 . UQr 1 8 V 10-1 5c . (quar.) Reliable Fire Insurance Co. ; 9-15 10- 1 . 10- 50c (quar ;/ 9-30 1 9-19' . 10- Regent Knitting Mills, .Ltd.— 9-15 9-18 9-30- 50c t,, k'kk/ 9-30 9-21 9-30 . k' $iy4 . _________________ 10-1 k A 9-30' 10-20 7C common. preferred Reed-Prentice 9-18 $1C. 1-1.4-43 /; 15c ______ A Reed Drug Co., common'■ '■ 9-30 10-15 $iy2 ; (interim) k-kk A 9-10 ________ Reece Button Hole Machine..______ . 9-15 9-28 '"i25c ___ 1 20c i Reading Co., 2nd preferred 9-21 A10-15 $1 • . 10- v 50C ' preferred (quar.) _____ Paymaster Consol. 11-10 10-20 A, $$!%•;. A''-S«;48c' ; 9-10 10- (quar.) Reliance Manufacturing Co., 10-15 siy2 - — 1 1 - .. - 6% preferred (quar.i— Page-Hershey Tubes, Ltd. (quar.):_'i—— Porcupine Mines (resumed) Paraffine Cos. • common (quar.)—_— fi% preferred (quar.)___— Paramount Pictures, Inc. common (quar.) 10- 10- $iy2 (quar.) (Irregular) 5 A. conv- . • 9-17' 30c $l'/4 (quar.) Rayonier, Inc., $2 preferred (quar.i Ray-O-Vac Company, common (quar.) 8A preferred (quar.)™. . _____ Pamour ; , 11- .2; "if 10-15 10-15 11- 2 10-15 11- 2 9-30 ;v' 10-15 ; . - 9-30 Ralston 9-15 Preferred A (quar.,)-, —______k—20c Preferred C (quar.)___.,—_——16'Ac Pacific Gas As/Electrlc (quar.)____ 50c Pacific Greyhound Lines— ' » ^ k 9-30 $3.50 convertible preferred (quar.) 87y2c 10- 1; Pacific Indemnity Co. (quar.) :„^ 50c 10-15 Pacific Lighting Corp., $5 preferred (quar.)_ $1'A k 9-28 :10c Pacific Public Service (quar.)_ Pacific Southern Investors, Inc.— 75c. k)io- 1. Tk $3 preferred,,; (quar.)__--.k;_k__kik-ks-kkA' 9-30 Pacific Teli &s Tel., common -(reduced quar.).; ;Ak $i»A, 9-17 common Class B -(irregular) 9-18 9-30 10- 1 : ; 12-17 9-21 $1% ' .' $1vi . 9-21 10-1 kA: 9-21 1 .v. ; ; . k 80c preferred . - 25c 30c » 1 10- k'A'k Railroad Employees Corp.— . (quar.)-—— 10- ,A., $5 preferred B :(quar;>w_(r™«*A._;___^.™_.,; Class A 10- 1 ''25cv, 10-159-19 : $l'/2. 9-30. 9-15 • k$2 -10-1 9-15 •" 1$1 V*. 10-1 $50c » 10- 1 %; 9-10 of America— $3.50 convertible 1st. preferred Old Colony Trust Associates— (quar.) Omar, Inc., 6% preferred (quar.) ;___ Omnibus Corp.,- 8% preferred (quar.)——— $1% $134 pfd. (quar.) original pfd. iquar.) Original preferred (quar.)__ Puget Sound Pulp & Timber; 6A pfd. (quart). Pure Oil Co. 5A pfd; (quar.) —1 6A;preferred (quar.) Putnam (George) Fund of Boston__________ Pyle-National Co., common; preferred (quar.) Quaker Oats Co., 6A preferred class A_-i_____k--- 1st series trust shares . (Oklahoma), 5%. 8A >J t " 12-11 -%■ 9-16 kAAA 9-15 50c _______ (monthly)_________________ (monthly) Publication Corp., 10- . (quar.) . -10- $1(4''" 10- 1- ^ 9-15 9-15 kk $1 >/ • 9-30 9-15 Oklahoma Natural Gas Co., common.—— kkk 35c - -9-30 $3 preferred- (quar.) /:;;.75c,k 9-30 k; 9-15 9-15 $5.50 convertible prior preferred (quar.)— ' $1% • 9-30 9-21 Old Colony Insurance Co. (quar.)A^-$5 k 10-1 s Ohio Water Service Co., 9-11 9-10 k-h'k 9-15 10- 3c kk/k'/:'; 9-9 10- 2 25c Public Service Elec. & Gas, $5 pfd. (quar.) A : 7% px-eferred (quaT.)___________________ 9-15 $iy2 ■ 41%c f \; 50c 58Msc * T"» preferred (monthly)______ Ohio Service Holding Corp.— 6A 40c $1V4 • (monthly» 9-17 9-15 10- ; $i'A; preferred (quar.)__w_j__-_^,____— Pennsylvania? Power &'Light Co.— h -iyf '$6 preferred (quar.)___— ./• $iy2 $7 preferred (quar.)_—— i.: ,k-.$l34 $1)4 $5 preferred (quar.)—k^ —kkuA-> 12- 1 ' 37yaC (monthly) preferred 10-1 ,$1% $1.80 * , 10- 1 $1(4 1 A 9-15 1 10- : , Public Service Corp. of New Jersey— Common. -A-__— k 10-,1, 10-1 10-1 $1 (4 $iy2 $1.65 (quar.) iquar.)_: 10-15 25c 10- t$i% (quar.)__ (mom hly) _J™ 6 A, pref erred ' 9-15 12-30 |25c,( Ogilvie Flour Mills (quar,)__u_s_w_________ 9-21 9-19 9-19 9-19 9-30 15c 9-24* 12- . 9-15 9-15 9-15 9-11 9-11 9-10 12-15 ,10- 3 AAAk. Public Service of Colorado— :'Vkv;'k ;'-' ; (N. 9-19 10-15 , 1 & Trust 9-24 $2 y2 (irregular) 10- Bank 9-30 i 1 $iy4 10- 9-21 10- 10-15 (quar.) 10- ,y- 7% ' preferred; (quar.) 10-15 9-30 A 9-30- J ■'.,.k'kk •kk $2 40c RR.- Light & Power Co., Ltd. Corporation, common 15c 1$1% (quar.) t$1.31(4 $2 (quar.)_ preferred 10-21 Providence & Worcester RR. $1(4 pfd. 10-21 , (irregular) Provincial Paper, 7% preferred (quar) Prudential Investing Corp.-____ Prudential Personal Finance, class A (quar.) — 10-21 ; ' ■ $l'/4 pfd. Co., 8% :: , 9-15 6V4c 10-26 ' 9-19 9-17 62',4c 5S» 9-24 10- : 1 10-15 common 10-1 ; Rubber, 40c tu/jc (quar.)_ Tl2c subject to receipt of funds from') Nu-Enamel 1st preferred i'3%c Worcester RR., 3% Novadel-Agene Corp. 5% (accum.)_____ (Chicago.) N, H. & H. Ik — common——— pfd. (quar;). Electric, T/o preferred (quar.) & ; 2nd preferred (quart)™—A,— Preston East Dome Mines, Ltd. (quar.) Price Bros. & Co., Ltd., 5)4% pfd. (quar.u . preferred (quar.)_ Payment . • 11-10 11-10 11-10 . — 1 10- 50c J $1(4 15c . — .Voting trust shares__— Natomas Company (quar.)..—. 1 10- 30c (irregular) Pitts. Bessemer & Lake Erie RR., com. (s-a) Pittsburgh Ft. Wayne & Chicago Ry. Co.— Tr>; Common- (quar.)—, : T/o preferred (quar.) Pittsburgh Plate Glass co.j.1—i__yik_k_kki 9-19 : Package Paper Pilot Full Fashion Mills, 6V5i% ' (quar.i l(4c (Boston) Corp., 9-21 10- $2*4 Pioneer Gold Mines 9-25 2 9-30 10- 75c 1 50c Quarterly; — (quar.) 150c t$l3/«: t$l(4 (quar.) (quar.)—,. Ltd. (auar.)— National Supply Co. (Pa.), 5(4% prior pfd._w 6%> prior preferred Nation-Wide Securities, Co. (Md.)— National Shawmut Bank National Steel 1 $iya • ■ 9- 2*Ac 2 t55c (quar.) Greyhound Lines, Inc.— Norwich & 9-18 25c $1(4 (quar.) pfd. 2 11-2 ■ 1 10- 1 u. Phoenix State Bank & Trust Co. ■/''':;,k;,:k:k. Northwestern States Portl'd Cement 11-15 , 30c - ■ 4 for 9-15 * 9-15 9-30 35c. 50c —;i. '2nd', preferred (quar.) National Automotive Fibres, 6%> 9- 50c prior preference (quar.).: —• 6%. preferred; (quar.) ;— Ohio Public Service, 5% pfd. (monthly)--.— 12- 3 . Nashua 1 11- 87 (4c Ltd., T/o preferred Norwalk 9-24 9-18 Mutual System, Inc., common (quar.) 3c 8% preferred' (quart50c Nachman-Springfilled 9-19* 10- $1 10- (quar.) k ; y: k $3 convertible preferred A (quar.)_ 9-16 ': $6.50 'preferred , of America— preferred (quar. preferred (quar. 1 $1(4 5% 10- 1 9-29 30c _ Chemical Co, 10- 1 . 10- 11- 2 Phoenix Securities Corp.— 10- . 9-19 10-26 Phoenix Insurance Co. 9-25 71%-c Corp.— Ontario Power, Northwestern 9-25 $1(4 ,10- 2 $1,18% 10- 2 20c 10- 1 $1% 10-1 k. Murphy Paint Co.. common (quar.) 5V2') preferred (quar.) Murray Ohio Manufacturing Co Muskegon Piston Ring Co. (irregular) Mutual Bank & Trust Co. 9-17 $iy2 Ohio Finance, 10- 1 25c (G. C.), 5 A preferred 43f%. preferred (initial) Class A 9-17 $1( 9-30 4 10- 1 9-10 10- 1 'V 9-10 10- 1 9-10 10- 1 10- 1 /1-2-43 12-31 10-1 9-30 10-15 k9-28 11- 1 10-15 11- 1 10-15 '9-30 9-21 lc > , Murphy Mutual div.) 4 1 (25c k com. : 1 . Quarterly Co. (stock Edison 9- $1% (quar.)—— Investment, 6% prior preferred , - $1%/' $1(4 * - 6%> ■ 1 10- 1 10- 1 12- 1 12- 1 12- 1 10- 1 10- 1 10,-1 10-15 10- 1 preferred North Star Oil, 1 Brass 10-15 60c (quar.i American Northern Mount Diablo Oil Mng. & Development— Mueller 2 9-30 • Finance preferred Northland 9-15 30c (N. Y.) $5 preferred 9-25 10-10 ; common 1 10c $iy2 $iy3 ________ shares of North American com. Northern Trust Co. 9-17 55(4c $1% $1% $1A (quar.) (quar.). Motor Finance Corp., 1 30c Detroit 9-19 10- * 9-14 1 , ; 9-25 10- V" $1(4 (quar..rt_—__ ■ 9-15 9-15 10-31 $1(4 $1V4 50c $134 — preferred Co. of 1 10- $i 10- $1 (4 — (quar. .preferred North American Rayon, class '/k Class B 'k— 9-16 Morrison Cafeterias Consolidated, Inc.— 7% (N. Y.) 10- — I0rl5 87V2C (quar.)____^_^—• (s-a)— 9-25 $2c 50c , 9-15 10-1 : 30c 5(4(4 10- 1 10-15 preferred B (quar.) ; Moore (W. R.) Dry Goods Co. (quar.) • ,/'/- 'Quarterly—-k;.—™_A—A-—k__A—A k $1(4 Moran Towing Corp., 7 A partic. pfd. (final) 12c Morris (Phi)ip) & Co., Ltd., common (quar.) 75c 4(4% preferred (quar.) $1.06(4 .4(4% preferred (quar.)_k__4----%k-i-kk—$1(4 Morris Plan Bank (New Haven) (quar.) $1(4 ■ share American North 9-16 : 11-15 43%c (quar.) Morris Plan Industrial Bank 1 11- : $1(4 — preferred (quar.) Prior 9-16 !; 10- 8 9-25 9-19 9-25 9-19 10c Tic (quar.) 5% % preferred (quar.) —__'k— -6% : 10- 1 10-15 9-30 9-30 9-30 10- 1 10- 1 10-1 87(4c $2.25 $2.25 $2 - i Moore Corp., Ltd., common Extra 3 10- / 50c held. (Payment is subject to approval of SEC) _______—^—__— North 12 (4c • $2c _ (quar.) 9- 10-1 $1% , . 5A $7 pfd. 1 (quar.) common Philadelphia Co., common (quar.)__ 6'io preferred (s-a)___— A_; :__yj $6 preference (quar.)____— Philadelphia Dairy Products Co.— ;y k; $4 non-cum. 2nd preferred (irregular)™$6 prior preferred (quar.)k™ Philadelphia Electric Pwr. 8% pfd. (quar.)_ Philadelphia National Insurance Co. (s-a) Philadelphia & Trenton RR. (quar.) Phillips Packing Co., 5 JA % pfd. (quar.) Phillips Pump & Tank, class A_k___k_r.^__k_ '4-;' Noblitt-Sparks Industries $1(4 $1% t$l(4 $1(4 $1 $1(4 37(4c common preferred (quar.) Montgomery Ward & Co., 9-11 $134 Nineteen Hundred Corp., class A 9c (quar.). 1 10- Niagara Wire Weaving; (reduced quar.) $1(4 1 (initial). preferred 10- 35C "" Nicholson File Co. $1% $1(4 , 6% $1% $1% (quar.') . Niagara Fire Ins. Co. 8-31 8-31 8-31 8-31 8-31 9-24 10- 1 9-21 10-1 9-21 • 11- 2 10-15 10-1 9-15 10-1 9-18 10- 1 9-18 11- 2 10-22 Missouri Edison Co. $7 pfd. (quar.) $1% 10- 1 9-19 Missouri Gas & Electric Service Co / $1 10-15 9-30 Missouri Power & Light, $6 pfd. (quar.)— $1(4 10- 1 9-15 Modern Containers, Ltd., common (quar.)__ t20c 10- 1 9-19 V Extra;. 10c i ;10a'la'a 9-19 5A% preferred (quar.) $$1% 10- 1 9-20 Mohawk Rubber Co., common (initial)-——Ak 50c 10-15 9-15 Mohne Pressed Steel class A part. (quar.). 2(4c 11- 1 10-15 Montana-Dakota 10-1 , Co., 6% pfd. (quar.) / Newberry (J. J.) Co., common (quar.)——_ 6Va 'io preferred A (quar.)—_________k_— 6% preferred B (quar.) Newport Electric Corp., 6% pfd. (quar.) Newport News Shipbuilding •& Dry Dock— ' ! $5 convertible preferred (quar.) 9-15 30c 5c BV+c 5c $1(4 Mississippi Power, $6 preferred (quar.)—.™ $7 preferred (quar.).—_———J_—k—4'' Mississippi Power & Light, $6 1st preferred— Mississippi River Power, 6A pfd, (quar.)___ Mississippi Vaney Public Service Co., com— 6(4 preferred B (quar.)——_.w—k Mississippi Valley Trust (St. Louis) (quar.) Class B $lVa '■ Western Ry.— & Newark & Bloomfield RR. 10- 1 10- 1 10- 1 " 50c _ Molybdenum Corporation of America Moneta Porcupine Mines (quar-.).. . Monongahela West Penn. Public Service— 1 7(4 preferred (quar.) Monroe Chemical, $3(4 preferred (quar.) Monsanto Chem'cal Co., $4.50 pfd. A (s-a)—. $4.50 preferred B (s-a) $4 pi'eferred C (s-a) 9-15 of Ree,„ 10- ' . _ 9-30 cquar.) Newark Telephone Tin __ preferred (quar:) 15c $1(4 .preferred ■ . •$6 9-12 _— each 50 6% 1 10- 40c common— New York Power & Light, 6% 9-19 9-19 10-1 9-30 10- 1 __ 9-10 — New York Transit 9-21 • 9-30 10-1 10- 1 ; 10- 1 Merchan(£^ Miners Transportation——_k__ ; 50c Merck & Co., Inc., common (quar.)_.— 25c 4A A preferred (quar.) $iy8 5V*A preferred (quar.)__;—$1.31 V\ Mesta Machine Co. (reduced) 62 V2C ■' 9-19 9-30 : York Lackawanna New 12- I ; 12- I 9-30 $lVa (quar.)—___ 10-1 Co., Holders Payable 87»/2c ' Co.__Ai—— New York Air Brake . 10- 1 0-20. 1- 1-4312-20 $lVa $lVa (quar.) $6 pfd. (quar.) New York Trust Co. A t33(4c ' (St. Louis) ■ Pfaudler When share k, $1(4 New Jersey Water,; 7% preferred (quar.)k— London Northern RR. (quar.i—— $7 preferred , 9-19 (quar.)———— Public Service, ,, 9-18 New New Orleans .■/;'k 1 10- t$l ;_4 ■ New Jersey Power 8c Light, 9-18 9-30 50c preferred—— —— New Idea, Inc. Per Name of Company of Rec, 9-30 Peterborough RR. (Nashau, N. H.) (s-a) Petrol Oil & Gas Co., Ltd. (s-a), — preferred $2 Payable 50c :— New England" Tel. & Tel, (reduced) New Hampshire Fire Insurance Co. y:. 25c 30c . . 10-1 50c Acceptance Corp. preferred (quar.) A preferred (quar.) 5 A- Extra (quar.) Holders When share of Company Britain Machine New England Power Assn., 6% ' -.------A™-*-™-™™' of California— — Mercantile ■'■■■ New 9-17 * 9-15 9- 9 .' 9- 9 11-28 9-30 9-18 9-17 9-18 9-19 9-18 ' 9-15 9-15 10-1 10- 1 '-10- 1 _ , Extra, . Name of Pee. Payable thare Per, Holders When Per i Name of Company Monday, September 28, 1942V "A" .(quar.)™— Refining (quar.) ' $2, 50c 1 Volume 156 Number 4111 . THE COMMERCIAL & FINANCIAL CHRONICLE ■ Scott Brewing •'. $4 0) Rec. 10<1 9-25 Torrington Company 3c 9-29 9-17 Trade Co. $4.50 pfd. (quar.) $ 1 VB —• Co. Scranton Lace Seaboard Commercial Corp.— ■ 11- * 1 $1 11- 50c 10- 10- Trico - 9- Products j Holders Payable of Rec. "15c V 10-30 Per Name Wabasso 9-22 10-20 40c preferred A (quar.)_— $1% 10- 1 9-15 $3 (quar..)—^—_v— 6'/b (quar.)— j 62 Vic 10- 1 9-14 7% SIVa 10- 1 ,.9-18 11-14 11-10 Corp. , (quar.)__ Trinity Universal Insurance Co.; (Dallas)Tublze Chattillon Corp., 1%. pfd. (q,uar.)___ 2 9-1° 1 10- Y.) (N. Tri-Continental Corp., $6 preferred 9-15 v 9-30 , Trust Traders Finance, I Z< 50c & 10-20* 1 $iy2 , ^irregular) Bank 10-20* 1 preferred (quar.)^_______„__________. Scovill Manufacturing Co.__—— Scranton Electric Co., $6 pfd. (quar.) When share (reduced)____ Co.______ Co., Paper Per Name of Company Payable $1% (quar.) 5 y2%<. pfd. Schenley Distillers Corp., Schmidt share of Company Holders When Per Navxe 1115 25c Cotton Co. preferred preferred Waldorf Common ■■.."•■'5'/>> $7 Brewing <fe System 10- 1 9-21 Warren $i 11- 2 10-20' Warren (S. D.) Co. '; 6%" preferred \ • $5.50 prior preferred k:'. Corp. (Boston) 1 Quarterly Underwood 9-10 • 10-1 Elliott 10- 1 , 10- 1 • 10- 9-15 $1)4 •: / •"? .; , $5 preferred. 9-15 :Y»- 5c 10c I ;/ 9-15 : 8-31 10- '87'/2c 1 v 11-25 J22c » 4 " 9-12 (Canada)—, . 7% b t$l% preferred (quar.)_ Shippers Car Line, 5% preferred Silverwood «■' 40c Dairies, Simon 4 (H.) 7% preferred Ltd., Extra Skenandoa Rayon Corp., (H.) Smith (L. Mills Paper & Corona Typewriter, C.i 10- $l'/4 : , 50c common 10- ; preferred tquar;)_—_— Snyder Tool h Engineering (quar.j____ 10c ..V ; 9-19 ' $6 prior preferred 9-30 $iy2 (quar.)-;— South Carolina Power Co., $6 1st pfd. (quar.) South Penn Oil (quar.)___—' 10- 50c Southern Advance 25c Southern & Southern Bag & Paper (quar.)_____ Atlantic Guaranteed . California Edison Co., 10- . ? 1 37»/2c 10-15 34 %c __ 10-15 9-20 preferred (quar.) 10-15 t$iy2 ——_____ Reduced ■ 11- = 25c (quar.) (quar.)i.— . Phosphate . Corp 11 9-18 . Consolidated Natural Gas, $6 $6 preferred Southwestern 5% Electric & Light & Power, $6 pfd. 35c y 10-15 10-1 $1.13 10-1 ' pfdb (quar.),;,- B (quar.)'—- Co;—L preferred 6% preferred 12-28 9-30 9-10 tlOc Starrett; 1L; S.J); Co. c^— — State Bank of Albany (quar.) 10-10 ; tlOc - 50c . , 10- 1 25c $l'/4 $IVA 9-26- 9-30 preferred j ■ . V Extra. 6%> preferred conv. 10- 1 10- 1 V 10-1 9-19 9-19 t - • 20c 9-30 9-15 75c — 9-30 9-30 9-15 ■ 9-23 - 9-15 - . 43%C 25c 10- 1 $iy4 10- 1 i2y2c 10-15 9--30 Assurance Co. of Canada t$3'/4 10- 1 1 1 10-15 9-21 1st pfd. 7% Fuller, & Baer Stokely Brothers, 5% Sun Life (quar.) — 5c Sunray Oil Corp., common—i————__ Stock dividend preferred convertible • Sunshine 5% ; — \i 5V2'/»■ :» • 68 %c (quar.) 15c Mining Co. (reduced)i:i_— : 82 V2C Superior Portland Cement, class A 11- 2 12- 1 11-16 1 10- $5 • 7% 9-21 White 9-15 v- Inc. 10-15 Whitman 9-30 Villa 9-30 9-18 (quar.) 1 9-19 10-10 9-25 9-30 9-21 j; 50c 9-15 Wilton Railroad t$8 10- 1 9-21 Class 7% B 10-20 10-10 12-19 11-30* 50c 10- 9-11 10- 1 9-12 10- 1 9-25 r $iy4 10- 1 9-15 $1 10- 1 9-15 **'» 10- 1 9-15 ' Hosiery — $iy2 10- 1 9-15 $1% 10- 1 9-12-: $iy4 10- 1 9-18 75c 10- 1 9-18 $2 10- 1 t25c 10- 1 9-15 1-2-43 12-15 9-30 9-15 (quar.) (quar.)_ 8% I $1 9-24 ; $1% 10- 1 50c 10- 1 9-21 25c 10- 1 9-21 $134 10- 1 9-21 $iy2 11- 2 10-15 11- 2 (quar.)—— I Power t$l 10- 1 : 9-15 40c 12-10 11-25 6% preferred Oil Wiser 40c 6-10-43 1-15-43 1-2-43 10- (quar.), 10-15 (quar.) Woodward & 2 T'/o Lothrop, preferred . (quar.)_>— 4-2-43 Woodley 7-15-43 7-2-43 Wright-Hargreaves Mines, $15 10-1 40c 9-30 ; (irregular) common 4-15-43 $1)4 y___, — Light— Common 10- 1 .9-16 Wurlitzer 1 9-25 Yale.& 9-30 9-23 Yellow t , 10- 1 12-29 t$2 10- 1 1 >5 10- 1 10- 1 10- 1 9-20 1-1-43 12^21 t$iy2 t$i% 62y2c 62y2c $iy2 10- ; 15c 9-30 9-30 $1% 12- 1 1 9- 10- 1 9- 9-30 9-18 1 10- 1 9-19 11- 2 10-20 25c 12- 1 11-20 25c (monthly) (Rudolph) — Co., pfd. (quar.) $1% 10- Co. 7% (ouar.) 15C 10- Coach Mfg. & 25c 10- 8-26 1 common— 1 Manufacturing Towne • Co., 1 '/• y: 9-19 9-10 9-16 25c - 1 9-16 10- 1 9-16 10c Cement Corp.— non-cumulative preferred— 10- $1% (quar.). Portland 10- , 1 9-21 $iy2 10- 1 I/-- 9-18 $1% (quar.) 10- 1 9-18 $1% 10-1 50c — 12-15 9- 5 Institution— 12- i fOn account of accumulated dividends. tPayable in Canadian funds, tax deductible 15%; resident tax. 2%. a at Less British the source. Non¬ income tax. 11- 9-19 1 9-21 2 10-17 37y2C 2- 1-43 1-16-43 37y2c 5- ________ 9-16 10c tlOc 1 10- (quar.) 8 9-30 10- 37.y2c 9-25 9-16 9-28 8 25c - 6 9-28 •Transfer books hot closed for this dividend, 9-19 10- $2% 10- 50c 25c (monthly) resident tax, 1 $1% t$2 , 9-10 10-1 $2% 11-16 9-10 - 12-10 t$iy4 1 — Ltd. Youngstown Sheet & Tube— 5'/a % preferred A (quar.) Zion's Co-operative Mercantile Quarterly 9-19 12- —— 4% 1 9-11 t$l% $1% (quar.)__ Young IJ. 8J & Co., common 7% preferred (quar.) 1 9- 1 $1% com— — 9- 1 (monthly) Truck Yosemite 9-15 10- $1 .: 10- —— Jr. & Co. common Class B 7% preferred 9-28 1-1-43 75c •_ (quar.)—__j preferred (quar.)—— preferred.(quar:) 10-14 2 Common 10- l u 9-15 1 i.___ : Wrigley (Wra.) $2 40c 75c (quar.) (quar.) 9-11 Petroleum -t$2 « - 11- $1 (quar.): 17 15c (quar.)_ common (quar.)— 10-15 9-11 10-1 25c — ; —.— 3 10-31" $iy2 « Newspaper Machinery, prior pfd.__ Prior preferred 5-25-43 10-15 $iy4 ' Co.— Wood $iy4 L. Company /Extra—— 3-10-43- 2-25-43 40c (quar.) (1897); ' - 9-17 (quar.)_ Co., class A —— Co. Electric > (quar.)_______ (quar.)„:— Extra > $1% (quar.) (quar.)— $1 (irregular) Wisconsin 9-16 1 75c — (s-a) preferred Winsted 30c 50C 9-15 10- t20C (reduced) preferred Winn & Lovett Grocery 10-19 9-18 1 $1 Va Wilson Line, Inc.— 9-15 2 9-21 10- t25c 1 11- 1 10-15 25c Quarterly 1 68%c 10- 50c pfd. (quar.)_ (quar.)—_———_—_.;——— Wilsil, Ltd. . ! (quar.)__ Inc., $5 prior pfd. (quar.) 10- 1 10- $iy« preferred : 10- ^_ .9-20 t$l3/2 preferred- ,.i—— Grocers, 6% (W.>, 7% 50c : 9-20 10-15 — preferred $1% ; 9-25 t$l% (quar.) common preferred 6%. 9-24 40e 5 9-15 $1 prior Paper preferred 9-15 5 9-30 ; 6% Telegraph Co._ convertible Whitaker 12-15 5 10- / 1 9*30 10-15 (quar.)—; Union Wheeling & Lake Erie Ry. Wheeling Steel Corp.— 10-15 $iy2 (quar.)__ 10r : -6% 4-17-43 1-43 Transacted by R. L. Day & Co., Boston, on Wednesday, Sept. 23: preferred (quar.)^^._—___I— 7% ' - 7% Swift (quar.)— Company & ;; Sycaffiore-Hammond. Realty— 6preferred (quar.)— — preferred (Quar.) Sylvania Electric Products, Inc., common-—. : vV. 4V2"/,) conv. 9-1 ; 10- 1 10- 3iy4c (quar.)_—_—_— shares (quar.):— ■v Tacony-Palmyra Bridge Co., common (quar.) Class A (quar.)j^——_——,—i— i;1 5(J* preferred «. /•> 8-14 - 5^^'." participating & 62-y2c,;< 10c 68% c preferred 1 quar.) Mining—,-—— Custer Cons. . Corporation;. ___L__—;—— (quar.)_— Electric Service,.$6 preferred (quar.)_ Tennessee t62y2C Shovel Thompson $5 Tide r .< $4'/^ / 1 9-15 10- 1 10- « :1 1 10- i convertible Mining Co. preferred preferred 5'/v. preferred general 1% Co. TO v;. ■ ' $iy2 : 10- l • . : 1 / 9- 4* Sept. 18 4 'vr ■'■■MM _ t-'Mr ' ■ (irregular). r 1 9-28 2V2C 1 9- 1 Gffici .. J -—t f •«.* —-- (quar.)—— (quar.)_ 9-30: India 10- 1 9-19 58y3c 10- 1 9-22 10- 1~ 9-22 41%c 10- 1 9-22 :. >-* 0 1 1 TARIFF ACT 1930 OF 9-12 9-15 $ ' • . Sept. 22 3'.V'3. ■ I" .237044* .237044* .237044* $ $ I'.."-';'-'// ■ .297733* ; .237044* .237044* ,$} • 3.228000 - C" ■ 3.228000 3.228000 3.215033 3.228000 3.215033 , ; . 060580* 060580* : ,vv)uuUu 4 3.228000 3.215033 of South Controlled- ' Noncontrolled - 3.215033 4 .909090 ■■■;:} -..879843 ■ .570625* 060580* vl/vvUv . ( .879821 : .570625* ; 33. ,4 .909090 . ■ . .051422* .909090 . .909090 .884375 " v?:, .884553 444 .570625* .570625* .570625* 4.035000 .301215 .205725 4.035000 4.035000 4.035000 4.035000 .205725 •" 4; .909090 .882578 4.035000 .301215 rupee- 4 - ..I/ .570625* 4.035000 .051422* .051422* .879921 .060580* .060580* 4060580* , 4.035000 4.035000 .301215 > .301215 .301215 .205725 .205725 .205725 ■ ■3b 1.3 .903090 4-- .909090 .909090 |" o ' • -.909090 .877500 .880000 .881875 .882083 3.227833 Africa, pound .909090 .87.7083 Uruguay, peso— • • u.051422* '• • Zealand,- pound- Union . » i#V.vvUUV 4.035000 (British), 144.' v 4 .297733* .297733* .297733* Sept. 24 Sept. 23 $ v-r'! /■ .Free - New ' 10- Sept. 21 . .297733* ; iii'-. Official_____„_4_Lt.l_;'_uiy^^7_;I:_/j(:i.L__i___,_Ll 9-19 1 t$l UNDER 1 " .237044* K 1__. Mexico,- peso___Newfoundland, 'dollar— 9-15 10- t$iy4 TREASURY Buying Rate for Cable Transfers in New York Value in United States Money t; .051422* } Official 9-10 t7y2c — 57% IV — . England, pound sterling— ":' _ 1 50c (monthly) TO Sept. 19 3.228000 Columbia, 9-19 8 10- ($5 par.) S.ffi .297733* "'t .|*'Official'_':ci'£ti^j-y±^-^ ./I. 9* 10- Sl'/a 1 (quar.) common —— — INCLUSIVE $ *v;.' 'My; i • Canada, dollar— 9-19 10- 10- Equities Corp., $ per Share ($25 par) ' 9-15 $1)4 BANK 1942 3.215033 - 9- 9-29 24, | ; Brazil, milreis-—' 9-11 1 10- Eastern RESERVE SEPT. Noon 1 9-10 1 10- t$l3/4 Trusts FEDERAL 18 9-15 ; » STOCKS Lynn Gas & Electric Co. the Tariff Act of 1930, the Federal Reserve Bank is now cerr Free .)—. (monthly) (monthly) Toronto Mortgage BY SEPT. '•"-".Officiak,/-:— 9-15 50c (reduced quar.)_— Pfd. . - Australia," -pftund*^-^ir* 9-15 25c / —— (quar.) Toledo Edison Co., i. [ 6'i- v • -••GfficiaL-:"— Oii— preferred * 9-15 1 ;j 9-30 CERTIFIED I . ' Argentina, peso— 9-19 V■9-28 10c j-" Inc.— preferred Associated Tip Top Tailors, common Toronto ; 10- 1 25c 10c _/r_ ; ' - | Products, Tintic' Standard 7% ■. Co.—.——-—y———— convertible Water •, - 100 . Inc.;, common— preferred (quar.)_; 4'.» Thew 10- 50c Oil & Land Co._i_— Texon .Textiles, c tlOc .y Co. i-Texas 9-17 { 9-15 11.-2 .< j: 10- lc H t20c Tamblyn* (G.), Ltd., common <quar.),j__u_ - 5% preferred (quar.)__— Jz—.w—— Teck-Hughes Gold Mines, Ltd.? (interim)..— f Texas . . 10-10 'Country and Monetary UAiit 9-15 r , Ta^art-Corp., $2.50 preferred .(quar.)—l Talcott .-(James),„ Inc. commoni.—_—___ Tamarack : 9-30 25c $1)4 ; (quar.)_——— 14 . 9-30 ; 9-23 -10- 3 ' 9-30 25c ■ ., ' bearer Common EXCHANGE. RATES FOREIGN 9-18 9-30 +5c 9-21 " «• 9-23 9-30. 10-20 the.requireijnents of Section 522 of 12-21 10-15 t5c ;■>. - 1 45c (quar.) preferred Syivanite Gold Mines, Ltd. 1 1-2-43 $l'/4 . 9-30 $1% $1% tifying daily :to the- Secretary of the Treasury) the^ buying rate for cable transfers in the different countries of the: world. We give below a record for the week just passed: 9-15 10- $1 )4 r preferred (quar.)-!_/_—/ " .7%;: preferred (quar.)_ Shares 9-23 1 10-1/ 3°c 15c • Vulcan Detinning Co., Pursuant to II $1% 37»/2C 8- 2-43 7-17-43 L—____ Vlchek Tool Co,common Superior Water Light. & Power— ' . 10- t75c 8-29 Stix ■ $iy2 - 9-30 9-15 • 1 1 10-15 1210- 9-15 10- (increased.) preferred 9-15 12- 1 10- ; Stationery Corp.— Will & Baumer Candle Co., — (quar.)____ 9-18 10- Westmoreland Water, $6 pfd. (quar.) Weston (George), Ltd. (quar.)— 12-15 25c — 6% prior preferred (quar.) Strawbridge & Clothier $5 pfd. (quar.)—„ Sun Glow Industries Inc. (quar.)_. Common 5% Wieboldt Stores) Victor-Monaghan Ccr.v:7% -prefen-ed jtquar.)— Virginian Railway, 6%" preferred (quar.) 6% preferred (quar.) 9-21 9-15 10-15 $iy2 _ Westmoreland, 1-2-43 62y2c — Co.— Sterchi Brothers Stores, Inc., 6% pfd. (quar.) 9-22 9-30 $l'/« (quar.) Western 11-16 10-10 v 5%. preferred,1 (s-ak.^' —_—i .Victor Chemical 'Work5r/_i— _L__ 9-19 175c (quar.) i_— - 12-17 tl5c t30c ' — Products Engineering Steel 12-31 $iy« (quar.)_w——— common (quar.)___ Stedman Brothers, Ltd., U 9-16 9-15 1 25c 12-15 1-2-43 Vicksburg, Shreveport & Pacific Ry.-f-. Common, (s-a) L > 9-15 10-15 & $iy4 Viau, Ltd., 5% .-preferred 9-16 . 9-21 25c Tablet 1 58 V3c $6.50 preferred^(quar.)r_i.—--____j Vapor Car Heating Co., .7%; pref, (quar.)_ 9-26 9-30 9-30 1 9-30 (quar.) Western 12- 37J/2c preferred .(quar.)! Van de Kamp's Holland Dutch Bakers, " 9-23 °-15 ; Pipe & Steel Co. of Calif. 10-15 58y3c Valve Bag .Co., 6% 9rl5 Co._. Western 2 58V3C , 9-14 , 9-30 - 12 Vic' » 15:',f participating preferred (quar.)—__— Btecher-TraungLithograph— — 5% preferred (quar.)————_— — > 9-28 15c Electric Insurance Securities, 11- ■ 53c Light,- $6 preferred—L_ preferred^_____-__ $.7 9-18 1 1 $1% (quar.)—__ 11-16 ; 1-2-43 53c Utica Knitting Co 5% prior: pfd. (quar.) — ■•y5 % ■,prwr;preferred./(QMar;)^u_i^L^_uai-J-,.: 9-19 ' 9-30 r $3 Stayton: Oil Co.i (quar.)_^_ Stearns) (Frederick) & Co., common—^—, 9-30 9«r30 $6 pfd. 9-15 1 Upressit .Metal Cap; 8% preferred—i— 9-30 10-10 f 30c Utilities Co., 9-15 / 2 12- Utah Power. & _____ 10- 10- f$l3/4 (quar.) Grocers, Ltd., common preferred (quar.)— .7% 9-11 1 11- - 53 c (quar.) pfd. A conv. Co._^_L . -Utah Hotel Co 10- at-.— _ "6 % 12-24 1 $2% (quar.)l_ common Upper Michigaix Power, 9-25 • 10- 10- (quar:) 9-15 1 9-17 $3% - (quar.) Western 50c ,(quar;)_—L—r. Products 10-15 75c Mfg., 6% pfd.> (quar.)i—__ Standard Radio, Ltd.. class A (quar.)— Class 10-15 Western 8-31 50c 8%? preferred '(quar.) r———__i ; Pictures Co.," 8% 1st preferred $1)4 :• Standard- Paper , Universal si 8-31 1 Universal 1 9-30 9-15 9-26 25c (quar.) Virginia Pulp & Paper Co. West Virginia Water Service, $6 pfd. 9-19 10- (monthly)!—___ Universal-Cyclops Steel Corp. - 2 West Texas 9-30- 50c common (Conn.) Penn Electric Co., class A Penn Power, 4Va% pfd. 9-30 53c preferred:. (quar.)__— t$i% —a—— 5% Machinery, participating f 10- 9-23 9-16 10- 1 . 58y3c preferred;; (quar.)—1 9-30 10r 1 • 1 1 719-24 50c S. 9-16 11- t$i t$i% 10- 9-26 1 : $5 ?■ 1 10- 10-15 1 Canal Co.. (quart)- States Gypsum 9-15 1 10- 10- West 10- Securities Corp.—I 1st preferred (quar,)_; i 1 10- $iy+ 1 — (Ohio) / prior preferred 9-30 50c $ 114 Corp. 7 %-:pfd.-:-.—, 7% -preferred; Standard Oil C<L 10- $1% (quar. 50c $l'/4 Co. Western (monthly) Universal Leaf Tobacco, Standard Stand a rd Screw 9-15*' 1 Mfg. Co. of Alabama— non-cum West 50c (monthly)—| U. S. Trust Co.'-(New York) ■ 9-26 1 10- $iy2 10-20 (Delj— Co. preferred $5 preferred ' • 1 10- 25c $iy2 10-20 & Foreign $5 9-19 common— i (irregular)_L— preferred* (quar.)i=—L— 6.4% 10-13 $iy2 (quar.)—_L_^— Standard National . 9-15 (quar.) (E. R.) «fc Sons, $5 preferred (quar.)_ Fuel, 6l/:»% preferred (accum.) Squibb 1 (quar.) (Dallas) Convertible preferred 5-% 9-15 10- - $7 preferred A ; .10-1 Gas &-Electric— Square D Company, M 9-21 9-21 $1V4 , Springfield Fire & Marine Insurance Co,— Quarterly a _* — (Mo.) prior $5 preferred Southwestern Springfield 1 10- $iy2 (quar.)_„ 1 10c Printing & .Lithograph, $3 preferredUnited States Sugar .Corp.— 6.4% participating conv.. pfd. A (quar.) 6.4% participating..conv. pfd. A (quar.)— Co.— Southwestern << 10- U. $1% . partic, preferred_ 1 $1V4 i U, S. Plywood Corp. U. S.. Pipe &, Foundry Co. (quar.) U- S. Playing Card Co. (quar.) 9-15 $iy2 (quar.)___^^-:_^^—i.—__. Gas preferred (quar.)___ Life Ins. Co. ; 1 10-1 t$iy2 . 9-16 10- 15c ____ preferred A___— Southwestern Associated Telephone— 9-30 9-30 $2 (s-a)___ Corp Southwest 10-15 : 10 c 11-14 11-14 Trust 11; t75c common— 7 % preferred (quar. )• U. S. Hoffmann Machinery— :\ - • '' ■5 Vz% : convertible -/preferred:-., (quar.) United States Leather Co., 7% prior pref.— 10-15 9-30 $iy2 — — Southwest Co., prior $6 1 West (quar,)—i (quar.)—,.— preferred 9-22 9-25 Sugar, 5% preferred (s-a)_—_ West Kootenay Power & Light Co., Ltd.— 7% preferred (quar.)_c____.__„____„___—_ ) . $1.20 : Southern New England Telephone Co.— Southern Ltd,-^ (monthly)—I (monthly) S. Boylston K'w v 11- 75c — (monthly) United 9-19 . Southern Ry. Co.— i M. & O. stock trust certificates i United States Guarantee Co. (quar.) Natural Gas Co. (reduced) Fidelity & Guaranty Co, of Bait.— Quarterly - 9-20 S. U. 9-20 • 9-30 15c (quar.)L_: — Power Co., Ltd.— partic. preferred Tool, class A prior, preferred 6% U. 9-15 West r 9-15 prior United Shoe 9-19 1 10-1 United. N. J. RR. Ltd:— Southern Indiana Gas & Elec.—>• Southern ' 9-15* 9-30 62 >/2c (s-a (quar,)— /ibg% preferred i'C" (quar.)—____ 6% 1 9- ■ (monthly )-! 6.36% prior preferred (monthly) 7% prior preferred (monthly) i— 7% prior; preferred (monthly) ,X___u .7%. prior preferred -(monthly)L—J > 5%■ original preferred 4.8% 9-15 9-15 10- 1 75c prior preferred 6.36'A . Telegraph Co.— common Southern Canada 1 9-30 $iy2 37»/2C' South West Pennsylvania Pipe Lines— '10- prior preferred (monthly)_i 6.36'i. ■ 9.21 $2 9-15 6% South Carolina Electric & Gas— ; Wells Fargo Bank & Union Trust Co. Wesson Oil & Snowdrift 9-30 6% 9- 9 9-30 1 9-15 20c preferred • 9-19 18c 9- i. (irregular)— 6%: 9-21 , 9-15 :'■> 1 1 87 VstC 1% 9-21 I 1 10- Hartford prior preferred 1 9-28 1 Indies Light_& Railways 6.36 fo yj 10- West Illuminating Co.. 6%. 9-30 . 10-1 $iy2. $0 . ' 10- 10-15 12- _■ 10- West Improvement ; 9-19 12- (quar.) 95c 9-24 preferred United ' 9-19 1 10-1. Gas preferred $iy2 Omaha— Fuel. Investments, United 9-10 ,? 10-15 t$l'/2 — " 9-10 . 9-30 v. 25c ___ (quar.)__^S__« pfd.«(quar.) 0% $5 9-16 :•/ 10c ;- 10c United - 9-16 ' 10-31 (quar.)_i___-:i—_ (quar.)_—i__— class-A,preference ' 6 .10- V 9-30 : -6% - 9 .-19 ' 1 $2 y2 (quar.)__i_____..__:__ Pump Company..:— Weinberger Drug Stores (quRr. Wellington Fund, Inc.___„— Co.;,(quar.;— ____—y Drill & United 9-19 . . 9-30 $iJ/2 — (irregular) com. 5'M clas§ A prior preferred Smith 1 $iy2 — ______ 1 9-30 ?$l3/4 (quar.)- 1 11-16 Co. Wayne 9-15 United Fruit Co. • 10-31 Class y 9-22'1 ; 10-16 tl5c (quar.)__-—i_ Singer Manufacturing Co. ■ - 35c (quar.)__ common 9-15 10- 120c (irregular)_^____:.__^.____ & Sons, - 10• • 10-15 9-30 t20c . (accum) 1 10-1 : $1% (quar.) (accum.)__ common participating preference Simmons Company 11- il5c . 11-16 Motor 9-29 .9-30 United - $1 Ye ' $iy4 ."' Rope Corp. Carbon A 10- 9-21 $l'/4 _________ class 9-21 12'/2c (quar.) non-cum. ;:V 9-30 United Bond 'Fund . _lb_— (interim) 6% $1 9-30 United Common Waukesha 4 9- 25c Union 10-15 ,/v,.*t4e;; (quar.)______ 5% preferred (s-a) Washington Title Insurance Co.— 9-23 . 10* 1 ■ 1— i'__. bbmmon- (quar.) Yards :Co;-j of 9-24 Wire Washington Railway & Electric— 5% preferred (quar.) L___ 9-21* 1 1 ' Co., Union Twist JDrill .Co.: ' 10- 75c Co.,. common^—i RR. 9-30 /I $L, %-'preferred • "(«-a) ——i. Union- Stock *; 10-26 Pacific 1 10- tic Common 50c i— Y.)__ t-prefmrred-,,(quah) 10-15 15c Extra Sherwin-Williams Co. Co. .:.(N. (quar.)-—.——i——— Investment Union 9-19 •y 10-1 $l'/4 Union ?: 9-30 $ 9-30 9-10 ; . ? , Fisher-Co.__x 1 10- 9-19 9-21 • 50c _______________ 10- 1 $1% ; (s-a)— 9-18 . 10- t62y2c (irregular) Co. 9-15 9-30 50c Corp,_i.—1—— Union.Electric of:Missouri, $4.50 pfd] (quar.) ' — Sheep Creek Gold Mines, Ltd. 37 y2 c (Chicago)— 1 i_— Underwriters': Trust 9-10 r' . . " 1 •$1% Sharon Steel Corp., $5 conv.' pfd. (quar.)-'—" Shawinigan Water & Power (quar.)— Association 208 South La Salle Street Corp. Union Carbide;& Carbon Shakespeare Company (quar.)_J_i^_.._i:-_'_^ Sharon Railway!" (irregular)4i4'l Shawmut 10* ; ... >4 ■ __—-ii- (quar.) 15c 37 V2 c _J. I'.1 Allotment certificates. (quar.)__i__r____— Shaffer Stores, j5%? preferred ;(duar. fehareholders Twentieth Century-Fox Film Corp.—1 $1.50 convertible preferred (quar.) ' ;; . (quar.) ;Mr' MMM^ (quar.)_;__— 9-19 9-21 'i , Industries,'Incb- 9*19 •:> 9-30 Railroad 1 25c (quar.) 10- $1% (quar.)_. 1 75c ^ 10- 10c common Walker & Co., $2.50 class A $1% i_— A— / 9-30 9-30 2c Co Acceptance Corp.— ..Common (reduced quar. Selected I'' i5c 62'/2c Malting Securities , r'"-' quar.)_„.___'_-_l______i_ (reduced preferred A (quar. Seattle non-cumulative class of Rec. t$l (quar.)_ • *\ Holders Payable (irregular) Wagner Baking Corp., 2nd When share of Company 3.227833 3.227833 3.227833 3.227833 3.980000 3.980000 3.980000 3.980000 3.980000 v , L _________ Mri: .658300* .658300* .658300* .658300* .658300* .527200* .527200* .527200* .527200* .527200 * THE COMMERCIAL & FINANCIAL CHRONICLE 1116 Monday, September 28, 1942 Week CLEARINGS THE COURSE OF BANK ■1942 compared with a year ago. Prelim¬ telegraphic advices from the chief cities of the country, indicate that for the week ended Saturday, Sept. 20, clearings from, all cities of the United States from which it is possible to obtain weekly clearings will be 15.5% above those for the corresponding week last year. Our preliminary total stands at $7,965,042,155 against $6,896,151,170 for the same week in 1941. At this center there is an increase for the week ended Friday of 20.8%, Our comparative West Virginia—Huntington—.. Virginia—Norfolk— * Richmond —1 Z. 1942 ——... + 1,950,790 + 38.2 1,328,283 -125,641,393 + 39.1 81,757,583 77,331,173 36,480,979 9.2 28,681,905 23,057,901' +31.6 167,181,123 150,599,588' 110,294,349 + + + 8,534,207 81,412,948 $4,466,089,036 1,308,357,670 cities, five days;—2_;~. 130,752,262 1,110,020,975 + • ' ; | 2,308,861 1 . -j_ — Mississippi—Vicksbufg.—- + Total ; + 139.2 + 10.0 1,253,345 + 53.6 27,883,000 17,167,000 47,026,806 39,853,713 + 18.0 27,041,728 23,029,203 , 4,594,832264,472 218,317 + 81,204,737 66,768,276 + . + $5,576,110,011 1,320,041,159 21.6 $6,896,151,170 +15.5 363,388,338 District—Chicago— for 150,170 46,572,932 ; ; + + 29.9 279,670,626 ' 1 ' 199,875,747' Z? '• 601,124 + 8.1 + 17.5 3,364,253 2,977,137 3,133,879 2,471,693 + 20.4 1,570,032 *650,000 .1 : Haute— Des going to press. has to be estimated. Decatur.; furnish OF 499,799 438,350,340 440,095,664 1,525,701 1,177,971 4,951,220 (17 cities)———. + r 4.4 + 449,599 309,416,041 1,156,998 4,454,468 1,424,087 1,409,390 . 14.1 3,772,780 * V :: , 5.1 + 3,901,326 318,700,582 f . 942,806 + 28.5 538,793,096 9,434.491 439,819 7.8 + 1,593,340 . 1.185,025 - 4,132,338 , + 29.5 "2,024,861 ■ . 566,416,664 —. 0.4 — 1.185,025 21,020,101 ' 9,675,927 21.1 + —0.04 4,592,407 2,114,027 2,047,143 1,256,540 + 14.5 5,129,398 : 5,878,234 20,305,169 1.1 1,269,077 Z 397,872,999 1,282,603 384,115,775 Louis—. • 72,459,654 65,596,321 52,835,273 —13.2 650,000 + 34.2 290,612,676 269,281,594 ;v;/.; ... cities). Ninth Federal Reserve 4,932,674 119.567,177 —Z 46,102,685 North- Da kola—Fargo_—. 3,159,059 169,891,392 1,216,877 1,334,403 4,690,357 5,123,493 202,876,622 174,745,923 Dakota—Aberdeen Montana—Billings— Helena— 39,530,056* 3,415,344 4.334,182 + 18.2 1,623,945 „ 494,000 166,907,885 Z; 86,091.589 82,203,438 + 16.6 3.355,217 1,486,711 South 40.178,329 30,619,063 ■ 639,521 + 17.1 4,211,632 141,288,259 Minneapolis— Paui.L 22,612,248 . 7.9 + 98.600,000 43,156,116 ;+' District—Minneapolis- Minnesota—Duluth St. 100,500.000 + 10.5 45,881,022 872,000 ______ Illinois—Quincy 14 150.200,000 171,400,000 — Kentucky—Louisville——— 31,742,295 27.966,257 5.8 2,917,611 2,712,842 — 8.5 1,095,861 8.8 1,003,953 923,931 8.5 4,456,519 3.472,238 +16.1 130,723,172 — — — 956,593 . Total (7 cities). + 122,569,541 , 1941 •1939— 1940 Inc.or $ 1942 Week Ended Sept. 19 • CLEARINGS BANK : ; 37.5 + 50.6 + — 6,210,735 — Tennessee—Memphis——y. ■ by Federal districts: a summary SUMMARY 12,796,455 . —^w— Missouri—St. . In the following we 1,503,436 Eighth Federal Reserve District- -St. Louis— Total In San Francisco there was a 30.8% gain in the volume of checks cleared over the same period last year; in Atlanta the increase was of 29.9% and in Kansas City and Cleveland of 29.5%, and 18.2%, respectively. Dallas managed to enlarge its totals by 16.4%, the Min¬ neapolis District by 16.1% and the Boston District by 10%, In St. Louis the increase recorded was of 7.9%. Chicago had the lowest percentage in the country with an increase of 5.1%. i.'X] Z-• :%, 17,728,000 2,228.568 1,611.622 11,172,700 Springfield-—.———^.—— Total 974,976 19,838.000 + 20.0 7,541,381 —_u——i. Rockford. 1,932,584 + 29.5 f499,573 ; Peoria v + 32.7 23,575,459 — 1,874,490 2,805,441 10,365,770 —_l.y——_ City 3.596,105 > 2,360,957 35,496,685 ~ 436,257 320,202 27,280,000 rj1,594.492 • ;: Chicago—a— Richmond Federal Reserve District. ■■ Moines— Sioux . 3,366,982 ; — Rapids———— Illinois—Bloomington below statement, however, which we present further ; Wisconsin—Milwaukee: r 35.330,000 ;+ Bend____„- Iowa—Cedar the Saturday figures are not available at time of 181,174,226 -• . 4,259,279 South $7,583,130,198 in the same week in 1941. Outside of this city there was an increase of 14.4%, the bank clearings at this centre having recorded an increase of 5.3%.-: We group the cities according to the Federal Reserve Districts in which they are located, and from this it appears that in the New York District (including this city) the totals show an increase of 5.9%. The best gain was had by the Philadelphia District with a 36.4% gain. The nearest approach to this level was the 31.6% increase by the 1,855,850 159,887 5,006,525 Indiana—Fort Wayne final and complete results for the week previous—the week For that week there was an increase of 10.1%, the aggregate the whole country having amounted to $8,349,284,717 against 19. 1,091,385 45,492,293 Lansing + 19.9 + 0.6 able to give the Sept. 1,554,175 , 3,303,442 ' 21.1 ; Michigan—Ann Arbor——. + 17.9 $6,637,535,129 1,327,507,026 —. Accordingly, in the above the last day of the week in all cases clearings . + 34.6 ,3,414,613 ; — (10 cities)— Terre of 1,577,123 965,070 1,727,763 —Z Z ■— Orleans—— Seventh Federal Reserve 19.3 Complete and exact details for the week covered by the foregoing will appear in our issue of next week. We cannot furnish them today, in as much as the week are 64,800,000 24,472,000 Indianapolis—;—J:. we 20,704,866 73,600,000 27.1 + 25.3 $7,965,042,155 days..—r—. :— Total all cities for week ended 4,248,645 21,537,304 37,587,091 Alabama—Birminglnuny Mobile 5,027,625 7.8 +26.4 V+ 99,700,000 Grand Rapids.-^—— 2 —_ In the elaborate detailed 1,559,839 °19,000,000 . Louisiana—New + 15.9 7,362,333 34,188,541 ; 126,000,000 Macon;— 30.1 $5,329,177,459 Other cities, five days ends Saturday and f - 239,209,679 36,867,332 . _ Augusta + 31.5 104,000,000 166,146,740 day - 314,741,621.; .. Florida—Jacksonville-—; 30.0 168,505,000 165,647,679 101,999,186 — All cities, one i Georgia—Atlanta.;..• 39.9 219,210,000 Cleveland'——— Total all cities, five (6 cities)—.; Nashville__-_ > 18.1 135,200,000 P ittsburgh— Baltimore;.; 45,443,264 2,696,624 5.5 + 217,886,764 Louis.,——-; San Francisco———————. Ten 435,000,000 247,271,532 154,328,359 Boston... 2,761,000 50,439,548 39,851,156 4.9 + 315,186,664 459,000,000 292,131,656 _ ,! 'Kansas St.. $2,708,018,602; 330,602,905 A2 „ _ - - Philadelphia 446,411 4,200,000 174,745,244 Total % t; + 20.8 1941 J' $3,271,881,849 — Chicago 773,804 • + 77.2 + 26.9 —Z Carolina—Charleston Tennessee—Knoxviiie_Z;__ • : + 16.6 4,289,000 70,048,648 ., Week Ending Sept. 26. York 848,869 989,553 7,602,000 88,857,044 Sixth Federal Reserve District—Atlanta- Clearings—Returns by Telegraph ■New 1939 1940 . Maryland—Baltimore— .——A District of Columbia—Washington— South for the week follows V Dec. 7o Fifth Federal Reserve District—Richmond- inary figures compiled by us, based upon summary, Inc. or $ clearings this week show an increase Bank Sept.'19 f ' Ended 1941 Dec. % Tenth Federal Reserve District—Kansas • City ' Federal Reserve Districts ■•:$ $ Nebraska—Fremont— 197,819 — + 86,5 106,073 99,248 90,618 " 1st Boston 2d New 3d _ __ _ 12 _ Cleveland 5th 6th Chicago — 10th Kansas 421,319,135 368,579,168 316,887,427 31.6 167,181,123 150,599,588 + 29.9 +. 5.1 529,443.153 7.9 181,174,226 199,875,747 747,489,919 s + 16.1 130,723,172 278,105,630 156,078,041 214,743,740 112,619,532 ,' + 16.4 85,061,409 149,678,944 4,988,186 4.122,901 u Z " Springs— 34,957,40") 1.9 2.077,842 + 23.0 2,858,606 2,748,792 32.3 109,375,972 102,036,791 + 21.0 3,569,931 3,380,753 + + 'v + 828,506 + 15.0 214,743,740 555,346 .;:+ 76.7 670,948 592,000 + 29.5 1,185,568 402,589,576 + 30.8 298,980,614 •; 953,019 Pueblo__^— 85,237,208 526,554,964 a 198,054,824 2.779,064 33,863,041 + 24.0 •• 147,079 2,970.879 ; 2.029.478 : - 556,242 149,389,533 131,138,813 ■ 2,077,833 4,474,329 123,603-; o't + 14.0 :49.321,055 •V 9.9 + 3,281,236 5.504,033.- y Missouri—Kansas City.^—— 122,569,541 29.5 : 2,117,327 Wichita Colorado—Colorado + 174.745,923 ; 61,164,927 : Kansas—Topeka_. 169.891,392 166,907,885 269,281,594 + ■ :•:•""•• '654,671 282,146,709 G 10 Omaha .181,916 * 3,739,927 ." " St. Joseph.;— 290,612,676 *200,000 Lincoln——_— 488,707,452 , 202,876,622 ■ \ u 10 City Francisco 433,430.606 18.2 + 279,670,626 a 7 11th Dallas 12th San 36.4 + i .'I 363,388,338 it 4 St. Minneapolis + 239,209,679 <i<. 17 Louis 8th 9th 486.806,162 536,998,001 566,416,664 10 . . 3,250,053,217 314,741,621 • >< _ ... 3,051,683,617 634,618,348 it 6 Atlanta 7th _ 5.9 664,097,775 41 7 Richmond + Hastings;——-——..——J; 268,267,374 3,761,511,422 <4 10 Philadelphia 4th 303,350,920 357,464,024 3,983,376,800 12 York + 10.0 393.356,466 cities Total .278,105.630 :? (10 cities);; 156,078,041 149,389,533 Eleventh Federal Reserve District—Dallas— „i—— Total Outside C,349,284,717 cities ... 7,583,130,198 4,545,414,454 :111 York City. New 10.1 5,891,295,455 5,886.242,802 + 14.4 + 3,972,364,798 2.958,210,259 2,741,142,676 + Texas—Austin—i—*; Canada ^ 32 — 442,473,145 478,416,719 cities 8.1 + 350,931,335 2.376,160 2,00-2,199 4 18.7 1.954,414 1.637,159 106,159,592 91,193,850 + 16.4 68,673.533 68.273,725 Fort- Wor_L_. 12,824,181 10,504,888 + 22.1 7,146,436 8.058.448 Galveston_x.^^___—+ 3,288.000 2,939,000 r+11.9 2,468,000 1,196,820 1,450,897 —17.5 5,294,060 4,508,698 + 17.4 — Dallas_.t_, ' +• 415,015,934 . , y Falls— Wichita — Louisiana—Shreveport___Z;—--—~- • 2.862.000 : 975,193 ' 3,843,833 914,483 < 3,491,393 ————i We add now detailed statement showing the figures our week ended Sept. Week Ended 1941 1942 Clearings at— ;|4$ $ ,r First Federal Reserve District—Boston— Maine—Bangor Portland 5,370.548 . ——— 3,090,808 306,823,364 Lowell— New ■ 'x 430,773 New New 1,095,488 4.332,171 2,342,112 3,605,555 15,066,170 5,943,390 22,719,900 14,447,952 '5,090,803 614,564 'f/b 620,550 357,464,024 +: — Haven—— — ——: Island—Providence-— f 12 - — Hampshire—Manchester— Total 625,518 .' 1,144,600 ; , Connecticut—Hartford—— Rhode 979,775 393,356,436 Bedford Springfield—y Worcester. '131,138,813 + (6 cities). 112,619,532 +16.4 76,871,432 + 24,4 85,061,409 85i237,208 45,502,957 43,882,775 r. .Y.' cities) Twelfth Federal Reserve District—San Francisco1939 1940 Inc. or Washington—Seattle—-— Dec. % V:4 333,747,641 *905,560 —. _ River. Total Sept. 19 2,634,005 17,729,200 2,379,175 2,294,315 264,290,654 230,561,447 +73.8 8.8 1' + —31.1 ;+! •''w 454,902 + 4.5 889,747 + 20.2 2,170,031 .- 4.4 28.1 + 4,369,208 + 12,125,600 io 4,190,156 689,402 308,350,920 + 17.6 19,562,622 18,397.970 5,364,616 + 19.3 2,736,716 3,503,564 —21.9 2,874,582 3,372,068 289.011,000 222,288,000 + 30.0 170,42B,000 163,855,000 4,809,352 4,572,309 5.2 3,760,735 3,433.133 6,401,678 San Jose__—t v + 1,290,942 Santa Barbara--_+_;_——. Stockton«.w—' Z: 1,472.216 —12.3 5,184,716 4,138,604 3,799,447 v + 25.3 +30.8 4,561,327 1,377,056 1,273,932 2,796,774 • 2,548.576 Total 526,554,964 . 402,589,576 298,980,614 282,146,709 8,349,284,717 7,374,433,375 + 10.1 5.759,725.301 5,781,651,125 4,545,414.454 (10 cities) 3,763,667,975 + 14.4 2,826,640,105 2,636,550,993 11,546,800 - + 10.0 39.594,153 25,971,520 11,344,387 11,604,302 + — 1.217,775 47.489,326 30,542,078 San Francisco_;__— ; 4.3 + 2,013,833 1.389,115 55.5 Pasadena—w 3,356,693 ' +.61.0 California—Long Beachy^ 411,508 : 1,900,724 56,506,591 3,060,089 City—_,A— Utah—Salt Lake 778,397 3,110,151 —11.1 i ; .87,882,877 Oregon—Portland—i_;_. 804,067 724,477 7.6 •— 490,581 543,271 2.5 + 95,635,514 Yakima.—; _.i—; - . 721,000 739,037 — Massachusetts—Boston;,— Fall for" each city for the for four years: 475,190 Grand Total nil cities) Outside New York ; 268,267,374 Seeond Federal Reserve District—New York— New York—Albany——™ Binghamton 8,759,429 1,291,700 :•. —. — — ■ . 1,679,402 ; 54,200.000 10,310,240 4.8 + 1,304,308 36,700,000 35,300,000 —. + 65.5 —14.7 831,321 5.3 2,933,085,196 + 7,332,793 7,604,913 7,687,115 5,455,664 5,609,073 6.099,251 564,037 y.—29,755,408 Jersey..——__ 45,923,772 520,812 + 8.3 522,308 331,013 26,852,166 + 10.8 21.508,153 16,958,481 35,984.355 + . ; Jersey—Montclair.————. " . ' ; ; ; Northern New 768,714 3,145,100,132 " 9,755,603 Connecticut—Stamford Newark. 4.6 ' 453,982 10,205,666 —_ Syracuse— New V;- 805,437 765,668 1,012,509 3,610,765,400 '• Rochester——— 1942 1,209,092 25.6 + 923,792 1,250,582 ; York Week 8.254,091 —23.1 3,803,870,263 Klmira—J. Jamestown New 8,360,592 I: 68,100,000 Buffalo + + 40.9 8.0 — 27.6 4,102,696 4.848,868 4,169,169 4,773,629 26,063,054 29,389,239 Ca ha da— (12 c|ies)_, 3*,983,376,800 — 3,761,511,422 5.9 + 3,051,683,617 3,250,053,217 ___; : Chester.-—— — Lancaster....— Philadelphia —:— y ————_ Reading : York New Jersey—Trenton Total (10 — cities)...—t— Fourth Federal Reserve Ohio—Canton 516,731 335,673 5.1 463,353 + 0.8 1,280,011 + 37.3 420,000,000 472,000,000 + 1,324,020 409,000.000 —15.5 1,475,920 1,632,677 + 9.0 2,371,636 2,741,509 1,272,078 + 11.9 + 9.1 1,052,713 1,522,496 1,143,959 1,733,784 4,474,700 + 16.1 4,108,000 3,081,300 1,556,439 2,728,638 486,806,162 1,145,657 +36.4 433,430,606 421,319,135 9,5 3,709,738 2.239,752 — —— — Cleveland Columbus.., ——— Mansfield...., -■ . 3,820,137 1.32,499,808 216.272,431 15,239,500 2,798,057 32.5 73,275,033 65,685.572 + 13.3 129,491,333 106,347,930 5.7 11,338,000 11,123,600 9.4 2.145,411 1,994,164 3,487,820 + 100,033.413 + 190,924,328 '■* • 14.417,100 3.088,811 4,394,209 + — + 0.01 3,676,477 2,593,832 —4.394,646 Pennsylvania—Pittsburgh——— 258,593,769 220,652,320 + 17.6 145,943,176 634,618,348 +18.2 368,579,168 316,887,427 Total — (7 cities);——— —. 100.614,720 130,872,889 9.4 96,571,937 101,475.290 4.8 54,214,239 86,558,083 Vancouver 26,854,319 20,222,702 + 32.8 42,439,683 35,684,890 + 6,972,899 4,935.039 4,124,008 7,410,000 — — — — _•—— • John_. —; — : ^_ Regina —. : — 27,147,685 17,742,915 + 41.3 5,403,657 5.219.474 3,653,928 + 12.9 3,237,390 2.815,718 7,228,358 + 2.5 5.617,849 5,376,311 6,364,905 + 13.0 5,766,868 6,668.410 2.135,813 + 20.5 1,995,830 2.067,468 5.5 1,809,017 1,885,576 3,098,813 •:+ 5.9 2.731,303 2,711.563 6,476,403 2,925.757 6,100,791 + 6.2 9,408,349 ——— —— Hamilton——— 19,506,407 18.9 2,574,712 _— 16,444,067 1,954,399 Ottawa-————- Victoria— — 7,195,505 ——; Calgary— 1939 s 1.2 + 49,203,6)8 Quebec 1940 -J/.- + 134,673,621 Halifax 17 - +. 143,030,957 5,645,466 + 66.7 506,430 +.8.4 . v 1,927,536 4,857,841 4,380,158 8,431,239 12.068.674 498.390 Brandon 549.048 Lethbridge_^^_.___.--_—r.;_——w 767.683 592,501 + 29.6 592,573 702,023 1,853,771 1,709,845 .4 8.4 1,622,111 1.781,074 915,854 733,179 + 24.9 862,157 919,632 942,735 1,164.965 938.444 790,660 581,356 Saskatoon.——— Moose Jaw —." —— . New Westminster ———. 1,042,818 1,073,746 1,088.983 Brantford Fort William—— 1,033,437 — + 410,645 • • 2.9 5.4 - 847,889 + 18.3 637,791 438,860 + 13.7 346,274 721,397 1,003,419 + 25.0 604,149 —16.8 854,130 4 Medicine 498,824 Hat— 901,528 Peterborough^—,—: Sherbrooke.t—— Kitchener 1,5)2,729 4 ' 1.217,609 1,012,964 —;— -+ 10.3 584.837 710,627 4,883,961 3,798,968 + 28.6 3,187,491 546,257 444.678 + 22.8 418,584 1,130,534 6.1 859,946 823,016 745,145 + 10.5 1,230,484 1,219,136 693,441 , ' — , Moncton + 2,557,102 400,205 841,145 ' Kingston.^ +——;— Chatham ——.. Sarnia___—— Sudbury.. Total 1,371,659 1,199,340 ' 391,132 ' Prince Albert—— 126,900,577 533,998,001 Youngstown Sept. Inc. or Dcc.+e 46,831,967 Windsor District—Cleveland— —— Cincinnati 397,609 685,514 + 2,973,314 1.423,622 1,891,779 664,097,775 —.' 470,963 58.1 + 473,292 5,193,900 , —10.7 1,645,828 1,315,594 —. Wilkes-Bnrre 455,240 466,163 497,579 ' 1,658,528 -648,000,000 — Scranton... 406,549 736,910 .; —— Bethlehem—__ $ 144.802,109 — Edmonton.— Pennsylvania—Altoona Ended 1941 147,336,102 Montreal.: London Third Federal Reserve District—Philadelphia— +1 '/• $ Winnipeg.^——- Toronto.-— St. Total '; p (32 cities).—. ■"Estimated. <" ——+— i—+ ' ; 601,593 + 4.1 612,733 - 568,820 + 7.7 -1.098,444 • 1,063,537 + 3.3. 442,473,145 + 8.1 626,079 623,997 618,787 604,256 " 478,416,719 :• ' ■' ' *437,435 " 406,765 " 856,365 1,008,749 350,931,335 415,015,934 Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4111 156 Stock and Bond Sales DAILY NOTICE—Cash and deferred delivery sales are disregarded in the day's range, Hew York Stock «» WEEKLY - unless they are the furnish we Sept. 21 Sept. 15) (High — $1,000 units Sept. 23 Sept. 24 Sept. 25 Daily Record of U. S. Bond ■ Total Sales in sales In $1,000 units—— 2'/as, 1956-58 3%s, 1946-56——— , , Total sales Low 108.30 (Close 108.30 in $1,000 units -AVnyA-v-/./'.- . 33/eS, 1943-47 '/as, 1962-67 : ■/ '/.V Low ( ■:%/.: in ' .• units $1,00 Low 102.21 Low sales in 2'As, 1951-53 Total — 103.20 103.20 3'/as, 1949-52 units— j High Low \ 2s, in $1,000 1947 ... j High •{ Low [Close Total sales in $1,000 In $1,000 units //zy-'y. \ Low (close 2s, March in '' • (High •( • 1948-50 Total :'■■■'■ Low (Close units sales $1,000 units (High 3s, 1951-55 ■ , sales in (High \ Low [Close — •. Total Total (High 109.24 109.24 109.22 109.24 109.22 - sales in $1,000 units— ; «■ l : > ... I High 2s, June, 1949-51 Low (Close (High —_j " { Total sales in $1,000 units— 1 (High Low ■ - 2%s, 1945-47 " • $1,000 units 109.22 Low sales in 2s, 1949-1951 Sept., -I - . (close - Total sales in Total sales in $1,000 units High (High Low 2s, Dec., 1949-1951_i. Low Close ■ ■ Total sales in $1,000 Close units sales in $1,000 Total ■;< (High j Low 2'As, 1951-54 2s, 1951-55 (Close Total sales in $1,000 2'As, (High 109 [Close in 109 $1,000 units 2s, Total : sales in $1,000 units Farm Mortgage 3'As, 1944-64 (High J Low (Close (Close Tbtal sales in $1,000 units — . Total sales in ■ $1,000 units (High I High —-j Low (Close 2'As, 1960-65 - Total Home . $1,000 units Loan (High ( Low (close units sales in $1,000 Total units (High , 2%s, in sales Owners' -I 3s, series A, 1944-52 — in $1,000 j Close ' . Total sales 1944-49——_—— j Low 3s, Total sales in $1,000 units.———,1 (High 1945 ( Low (Close 2'A», ( 1948— (High . Low l'/aS, 1945-47 ( .. (Close Total sales In Low . Federal (High A Low \ Lc /' j 1953-55 [ Close 1 1958-63 units—: 109 j High Low ( — ./.' — Low I ■ — [Close 2'As, 1956-59— —u units High Total sales in $1,000 units Total sales Low (Close $1,000 units 2'As, 1948-51 Low [ Close 1. A'/ ■■////■■■ :0\A'. (Close Total \ 2s, Dec. 1948-50— $1,000 units 27/aS, 1955-60 Low units— — Total sales — 1946-48 1 [Close sales Total (High "yy- 101.2 ; JHigh J (Close 3s, 101.5 Low sales in $1,000 2'As, 1954-56 units— $1,000 units 101.2 (Close • - JHigh — Total sales in 101.2 101.5 ; —. (High 2'As, 1952-55— \ Low sales in $1,000 101.5 ; Low units [ Close Total 3 n 1 - sales in $1,000 Total — 100.11 — (High .( Lc -j Low V.': $1,000 units. 3'As, 1946-49 100.11 , I Close 26 Close Total LOO. 14 : — ■ $1,000 units 103.20 High 1944-46 sales In 102.21 $1,000 units— Sept. 25 —— Close Total [Close 3'As, Sept. 24 ' — — • 102.23 (High \ Low Total sales in Sept. 23 / —_ 2'/as, 1967-72———— units 3»As, 1943-45 y. - — [close - (Close Total sales in $1,000 Sept. 22 __ —« (High High sales Total the New York \ $1,000 units , „— Sept. 21 ■ | High : —\ ——; in . 2 on —Low 108.30 • • sales bonds coupon y (Close Total .: (High v. year. (High Close Total the ,/ — $1,000 units— ■ Low 1944-54. Sept. 19 [Close —4 — for range Exchange Low —• High 4s, Prices (High 2%s, 1952-54 — the point. (See note below). a Treasury ; .;:y — [Close in Sept. 22/ 32d of one or more ■ Low — sales Figures after decimal point represent current.week. Dally Record of U. S. Bond Prices Total the New York Stock on daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation a Stock Exchange during the Treasury 4%s, 1947-52 Exchange YEARLY - only transactions of the day. No account Is taken of such sales in computing United States Government Securities Below 1117 LOW (Close $1,000 units. Total sales in $1,000 units „ (High 2'A8, —J 1949-53— Low lot sales. •Odd tDeferred delivery sale. ICash sale. (Close Total sales in $1,000 units Note—The above table includes only the sale of coupon bonds. (High ——^ Low , 2Hs. 1950-52 ., ; . Total sales No sales. in $1,000 units NEW YORK STOCK LOW Saturday Monday Sept. 21 Sept. 1.9 AND HIGH SALE Tuesday ;; J PRICES Thursday Sept. 23 . ? Sept. 24 Sales Friday for the Week Sept. 25 j STOCKS , Wednesday Sept. 22 RECORD NEW STOCK" YORK Range Since January / On ;vEXCHANGE Basis Lowest 1 S per share *46 S 47% *109 : ver share *46% 47 *109% S 110 ' per V share *46'A 47 *109% no I per share ■■■•■£ 46% 1 *109 36% *30V'a 36% *30% 36% 40 % 40% 40'A *40 40 >A *6% 6% 6% 6% *22% 23% : *23% 13% 13 % 33% 33% 70 v . 4'A 4'A 4 'A '• 11% 16'A 16% 60 69 *5 131 % Shares 46% 200 ' 70 2 *30% 36% 40'A *40 40'A *40 40% 6% 6% 23'A 300 13% 13% 1.700 35% 2,700 Air Reduction 70 70 Ala & *2 - *60 • - 2'/«*-". *77% 79% % % *77% • 4% 4% 4% 4% " 11 Va !:H'A *-- 5 4'A 16% 16% 132 *10 132 132% 10'A 14% 5%. *10 14%" 16% • 11% ■ 5 11% - * 14% * 65% 5'/« 5 % 132% 132 '/a 132% 132% 10'A 10'A 14% 15 *10 / ' 2'/a 79% 79% 100 J5 2,400 0 ' 5 iff 2,600 5 47A 3,000 *4% 4% -11% -17 *65 - 5 11% 11% 5,800 17% 17% 2,400 17 16% 65% - ' 4% - 11% * ;16% 14% 2% " % • 4% 5% 10'A 2'A 79 'A ' • 67% *65 5% •• 70 *60 Alaska - 5% % 69 69 *65 5% 1,300" 10 133.% 1,100 10 10% 400 15% 10'A 700 133 133 5% 15% 5% Gold & Allied Kid Co.— 2,600 5% 5% 5% 5% 6 % 6,800 Allied *69% 71% 71% 71 'A *69% 200 23 3 4 73% 23% 23% 23 % 23% 23% 23% 24 % 17 s}, 24% 24 >/4 24 VA 17% 5,000 17% .17% 17% 17% 17% 17% *17% 17% 17% 17% 700 *% irt % % ' 14 60 60 *59% 60 20'A *38 % 20% 39 For footnotes , 59% -*20% 21% *20% 38% 39'A 39% see page 1127. HI *34 *11 Sep 39 Jan 13 43 % Dec 51% Jan Jan 3 5y0 Apr 8% Dec Dec 24% par —.No .. Sep ■ 9 5'A Apr 24 18% Jun 8 10 Mar 27 par ■ par 100 497A Jan ; < 14% * Hi 14 60 % *11 60 i:t tt 14 60% 15 ut Hi *11 6 S HI Hi 14 CO'A 61 Hi *11 61'A 1 400 14 61% v 8 Sep 24 9'/a Dec 15% 6 2 34% Nov 45 July Sep 75 Aug Mar X 73 13 5 10 l'A 85 • Dec .94% Feb Dec 99% 7 '/a Dec % Jan 26 3% Dec 10% Jan 26. 3'A Dec 9'A Aug 11% Dec 21% Apr Jan 6 Dye Stores .No par —5 No par preferred—*———100 Allis-Chalmers Mfg! No par Alpha Portland Cem — No par Amalgam Leather Co Inc.—1 6% conv preferred ..50 1,900 Amerada 21 21 21 21'A 22 22 22% 1,500 Am 39% 38% 39% 38% 39 % 39 39% 4,500 American Petro Corp Agric Chem No par (Deli ———No par Airlines Inc ;i— 10 3% Apr. 10 4 64' 22 Apr 28 July 3 Apr 29 14% Apr 17 H Aug 19 12% July 24 43 Mar 27 18% Jun 30 25V* Apr 17 17 *• Jan 27 , Jan 17% Dec 25% 25 _4% Dec 11% Jan 6 135% Dec 12% Jan 26 10'A Feb 11% Dec 5'A Sep -149 Mav 25 11% Apr 24 -• 5% Jan 22% Jan 2 "73% Feb 27 9 118% Apr 28 . ;__No par Corp 5% < May 25 65'A Sep 23 . Jan % Jan 16 ; 1 Aug 2% Jan . 9% Jun 23 ; • 17% Sep Sep 68 1% Mar 24 h 13 . 38'A Jan 29% Apr 28 61 Jan 6 y Min—. 10 Allied Mills Co Inc 5% 69'« *11 54% —— 5% m Dec Allen Industries Inc__ 69% 14 34 No par Alleg & West Ry 6% gtd_„100 5% *11 12 Alghny Lud Stl Corp 70'A *23'A 55% 16 Jan $2.50 prior conv preferred.No par■ 5 % 5'A 71 Feb' Jun A 43 48% 7% 23% 13% •■ *68% 5'A *68'A 46 109 May 14 Vicksburg Ry Co__—±i. Chemical Highest' ' I per sh are Mar 24 Albany & Susq RR Co—w———100 A". 69% July 15 Allegheny Corp j. No par ?6 Jan 2 5%% pf A with $30 war _100A 3% Apr 17 5%% pf A without war 100 A 3'A Apr 18 Allied ; i. May 14 . ——10 Inc— Juneau I per share ' % 4% 69 - -2 - ; 31 No Adams-Mills Corp Address-Mutigr Corp 34% 23% $ per share ; 37 No 13% ' Range for Previous .'Ah-A Year 1941 Lowest 104 Co.— Express 35 4% *5 Steel Adams 13% 4'A 16% Acme 23'A 23% $ per share Par 1 Lots /;///•:/ Highest No par ^ 13% *60 r 11% 300 2,200 100-Share of 25 Abraham & Straus. 33%- —•33% 4% 11 7 6% 7 < 23'A 4% * 110 7 *109 y % . 13% 2'/a Ji • 36% ■ Abbott Laboratories————No par 4% preferred __100 33% V 79%/' A, ll'Jt 110 *30'A *4'A : 131'2 14% tl *109 36% *23% 13% *60 2% ,V 110 6% , 33% 78%- 10'A 14'A 70 *60 5'A *10 46% 47 share 40% 23'A 13% 33% . 78'A * i\t 4 'A *10% *46% S per *30% ' 2% 80 '" Hf * *60 2 '/a .. 6% *23 Va 13% 33 % *75% 6 6% 23 % 13% 33% 2 I per share 46% • 110 *3l:*40 *60 Transactions in registered bonds were: (Close • 15% Sep 25 6% Jan 27 Jan 13 30% Jan 3 18% Feb 3 l'A Jan 26 187/8 Jan 27 81 61% Sep 25 23% Feb 6 48'A Jan 3 Aug Jan Jan 167% July 13 Aug 14 % Apr Dec 9 71% May 87 Oct 24% 37 Jan 21% Aug 1% Aug 5 Dec 14% Mar % Dec Sep 10 Apr 20 41% Feb 63% July 14% Feb 22% Dec 40 Feb 58% Jan Sep COMMERCIAL & FINANCIAL CHRONICLE THE 1118 stocks ■ Sept. 21 Sept. 19 $ per share # per share I per share >• *7 7% *7 7% 7% 43 V2 *43 43% 43% 43% *4 % 4% 4% *25 4% 4'A 25% 04 % , *25% 25% 67 67% 67 "167 160 87% r?8S% 6 ,T,/*5% ,-vl5 Z*98 9.9 10 - 11'A 99% % . 29% *2'/4 2% *32% 34% *31% Z 34% *47% 48 Va *47% lTu ITa 48% - *32 20 : *32 V2 ,Z 1% / 13914 V' Z 38% 5 37 *28% 29% 29% 29'A 2% 2Va 2% 2% 32% 32 % 48 48 *32 • 34'4 *47% 48'/a 2 Z 1% 1% n% 83 56% Apr 29 70'/a Jun 18 23 Jan 2 23 73% Jan 13 3 95 *35 ; Crystal Sugar 10 •' 6% 1st preferred—100 Amer Distilling ;--;»->-20 7 American Encaustic Tiling.—7u.—1 12 Amer Colortype, Co—10 -3% May 25 ' 5% 18% 18 Mi • *81 : *35 82 v. 82 11% 117 *113 •• *113 - 5% 18% 18% .%■■■■ •' 5 Vb % *113 117 , Z1 /: 6 1% 3% 5 Vb *35 .11 ,37 7% 80 12 80 *113 18% 4%, a 11% 18% Jan 6% e y4 ■ 18% 19'A 117 - *115 7'4 117 28 38 '/a 38% 38% *24 % • 1 19'A "i 19% • 18 VB : 5% r- 146% 146% 9% 9% 55% 7 yB 9% 7 Va par '9% 9% 9% 9% 27%- *27% 27% 38% 38% 10 11% Apr 24% Sep 22 • 32 8 29 V 1,390 55% *33 142% 144 144 33 % *33'4 34% - - 142'A American American Seating 29% 820 Amer 40 3,800 Amer >V 39% 40 33 'A 33% 142 142 140% 141 *33% — 34 *33% 34 ls Va 18'% *10',4 " 10% 17% *84 y4 "21% 22% • 41 - 22% 10% 17'A •17% I /•/,•• 10% 27% 10% f 86% ,89% '22%/ 22% 22% *21% - 118'A 118% 11.8% 41 '%- 40% 43 42% 119 - 129 V*- 5%- 27% 4i'4 27 27% 129 5% 130 :: /•: 5% 5% 6 27 % 27% - .; ' 7 Jan Jan 6 9 89 '/a Jan 30 116%- 116 *114% 116 , *i!4% ; 3% Apr 3%- : -ZZ 3% 56 3% - • 45 *39% 25% 25% 25% 28'% 28%. 28 Va 28'% 56 ' 3% - -• 2% 47% -3% . 3% 3% *56 - 37% *40 • 25 3 k 47 3% - 2% 47% 2% 47 56 3% • -2% - 3% 56 - 3% 45 a 2% 47 3% ■ 56% *56 Z*3%. *39 7 2Va *44J/2 47 45 25% 28 28 I "14 Va 15 % I/' *111 18'.% - *l'4v 50 V« ; . 6'%. *3% . / ; 6 % 62 *25 28 Va *96 98 33 102 42% 1%' 26% 50 Va 24 43% 6'% *6% 7 *6% 4 *3% 95,:;: 95 .70 *66% 68 67 70% 70 *70 74 *25 27 *25 26% 98 98 6% *66% 6% ; 6% *25 44 ZZ . 6% 6'A Sugar Refining——100 68% 29 22% *22% 23 % *23 '• 23% 44 *41% 44 *41% 44 44% ZZ 67'/4 44% 16% 16% 44% 16% 44% 44% 68'4 23% *42 16% 16% 16% 104'% *102% 104% 102% 103% 102% 102% 6'/a 614 6% 6'A 6% 6'A / 6% . 17'A'' 102% 103'A *102% *47% 48 48 V2 *49 50 50 48 *47% 52 48 % 52 *50 *47% *50 ■;'■■•*" 48 48% -52 6%-: 6% 300 17% 6,300 500 102% *51 •• 48% -2,600 • 48'A 51% 51% 114% 7% 300 T 114"A *7% 52 - 6% 200 ' *114% 115 *114% 115 114% 114% 114% *7'% ' 7Ta * lTa 1 '/2 *19 '-/•! *7'a : Z„ *l° a *18 20% • 7% ' 114'4 ,Z'ZZ' 7% 7% 2 :/-• 2 - 114% 7% *7% 114 Va ' %7% 2 . 20% : > 2 *1% *18 'A - ,Z -2 / 20%. ,• , *1% • T •: 2 *7% • - '60 i 3'/a 3 3 3 . 3 >.'• 3 3% 3'/a 3 Va Jar> 14 33% Dec 45% July Feb 2 11 3'A 3 Vn 3'A 12% 3% 6'4 5% Oct 54 Dec . 134% Jan 0 49% Jan 27 50% Jan 27 Apr 6 143% Jan 14 ■3% Apr 27 preferred • i——100 Inc..—»10 120 Corp—-j.14 22 —^ Amer Type Foundries Viscose preferred.—.^————a-100 5% Elec ; 1st, No par Wks Si Woolen...———NO Sep - .I Jan 150% Jan 28% Jan / 52 Aug Sep 116% Aug 3 6 18 par Dec Dec 3% Dec 14 5% Jan 14 2% 7% 13 46 % 28% Jan 1 30 17 - 14 5 Jan Jan 22% / Jan 10 23 111% Mar 12 15 10 Se~ 42 7 4'% Jan 79 4 Jan 15 66 2 29 July 9 7% Jan 26 115% Oct Deo 12% Jan % Dec Z- 2'/§ Jan Feb 33% 108'% Mar 112% Sep 2'4 Dec 5% Jan 47'% Jan 60 Jan Jun 20 Z26 J. 82 July 6'% Sep Jan 8ep 6% Jan Dec 91% Oct 5% 5 / ,9% Deo Dec 10% 78 Dec 88 17 70 Dec Jan 83 Sep 34% 77y3 Jan; 8 29 Sep 72 Dec 3 Sep 87% 3 6% Jan 70% Z 20'%- Dec - 4'% July 10 28 May 26 - July . 35% July Jun 21 11 Sep ■ 17% 14 67% Feb Sep Jan • ■ 30 Dec 110% 111% Mar 12 2% Sep Feb . Apr 1% July 28 106% Sep Sep Jan 56% July ;,7 16 Mar 11 ./ iJ.% 8 / 11'% 112'% Mar 19 May 26 7% May 20 24 3 . Feb Jan 8%. Aug May V 51 Jan 99% Deo Jan 50 23 12% Mar 11 53/ 8ep Z Sep 102% Aug Jan Jan 9 27'% Sep 16 20 Dec 35 Vt 81% Jan 6 98% Aug 20 82 Aug 90'/a Mar 27 Va Jan 2 46% Sep 18 Jan 31% July 60 '/• Jun 25 70 Mar 53 s Dec 19% Jun G&-WIS3 Lines prior. A—~rNo par -Aviation Corp of Del (The). 3 2% 64% - "76% Jan 29 4% Apr 28 61% Mar 24 preferred.—-——.100 —100 $5 112 3 5% Jan 2% Apr . - Jan 29% 3«% Jan 102 Jan Dec 70»% Feb 1 Jan 23'% 15 107 Jan H 3 7.-5% Mar 20 2d preferred— Assoc Investment Co vAustin; Nichols———.No 74% 153 7 22% May 20 .1 Corp..No par 73% Dec Deo 24% Aug preferr^7.;r7;;ft.7Z->-~*rlOO-: 7 Atlas Tack Dec *143 2 Aug 10 ■ 43 7% Jan 3% . ——— '168% 28% Aug 6 3% Apr 38% Jun —.25 Goods Aug Dec 43% Sep 19% < 24 Aug 14 21 Dry •Z- 43% Sep 98 . Cable.;.——No par Cork - Jan 22% Deo 115% ? 116'% Jan 108 Vk May preferred—100 7% 11% May ■■ < Sep 6 17 3% Apr par Smelt.——=.1 prior conv preferred Apr - 39 —7.100 % Preferred ... 1% Apr No par preferred—— Water S5 1,900 13,800 155 Dec 14 5,500 * Mar 29% -139 144 V' Mar 14 2 17% Jan par —1 preferred—.——100 % i Atlantic Refining..—. 25 4% convypref series A———100 -Atlas Corp.-.;..m : .5 6 % ; preferred.;.^.————50 Atlas Powder.^.—Z—No par ; ;( 5 conv preferred—100 7- : 220 138 July 13 35 29 Aug ioo * : 40% July 23 Sumatra- Tobacco.j—.No Atl 400 / 21 21 21 *19'4 20 Va 20'A • Dec Feb ' ?7% 29 Jan 1—_-No par preferred—.— —100 -Atch Jopeka & Santa Fe_.__.-^100 ■rrS% preferred—— —100 Atlantic Coast Line RR—1—100 '2,400 44»A : 6Va 48: ^ 14 13 15- *.-100 ———— 5"e 16,700 - . 35'/a Jan 81 6%' 1st 22,000 • 24% *23% ' 17 31 Jan 10% 14 ; 210 69 Jan 7 Dec 13 . i 'V/.V',: 46% *42 • ,44'A 16% 98 30 24 % *6% . 200 73% Dec 0 21% Jan Associated | 400 26% 68% 30% /.: 4% 8 97'% Jan Preferred Co..; No par "Arnold Constable ,Corp—5 Artloom Corp ———■— No par 900 i - 45% : 68 Ms 30% *102% ... 4 *25 46'A 68% *68 29%: 21 165% Aug 15% Jan lO'/iScp 13 Mar 26 - 98 29'A / 30% 68 28% 74 98 7 % Aug v ,. 78% Mar 27 7,200 .72. *70 : 24 11% July %; 6 Va Deo 13 Feb 13% . *69 68'A . 97% 44% *41% 16% .16% 9 8'A 22% 23% *41% 27 *96 68'4 29 % *22% *25 98 ; 29 68 %. 29 . 44% 44% 6812 ' 27% 98 44'% >67 j Deo Jan Deo Armstrong "• " ,.. 11,700 95 Feb 9 50 Jan 12 Dec Corp...12.50 :• $5 dlv preferred—.. —No par •Andes Copper Mining —.20 7 A P W Paper Co Inc.. —5 Archer Daniels Midl'd.. No par Armour Si Co (Del) pf 1% gtd—100 Armour Si Co of Illinois.——^—.5 $6 conv prior preferred No par / *3% *81% 155 3 7%- Jan Dec Anchor Hock Glass 13,700 *6% ./:/• 7 'A 4 yy/ 4 Vb 95 *81% /: 4*6/; ./ 68% Jan Jan Z 15% 50 Va 28»/a Dec %:/ 6% Anaconda W' 0,900 45 28% 7'A »334 4% *81% 28 y4 ■ z "3% 59 Apr , 24 165 28 May 25 4 29 ■ -Anaconda Copper Mining———*.-50 400 2% Jan 39 Dec :/> 8'% Amer Zinc Lead & 600 *40 50'/» 27% 5% Sep 4% Mar 11 6% Feb 17% 8 y >1,400 2% 44 *35 ■27 22 9 - 4 American ' 6% 63 *40 Z 142% Jun Jan / 6 $6 2,200 35 Aug 3 '4 46% July 390 103 102% 26'% * Feb - 2 Dec 11 •Am l'A *34 2% 43% 43 *1% 34 23a 9' Jan % Z 20%. Dec 12 /'American /; 9% 103 y : 102 2% -2% 26% *3% 67 62 70 *59 /' 43 *81% (> 67 *66 % "9% . ;*i'4 33/ l'/a *32 y2 102- 50 'b -6% - 4 5Ti, 5% 57i, rZ 2% 26% v 95 rr'1 *81 Va • *111 5 23% 8ep 20% Feb f6?» 12,300 16% v Apr 3 200 i 121 111 2 • *3% 4% 33 *40 r 26% 6'% 95 *81«% *1% 105% 42% - ;/'' 9 15% 15'A " Dec Mar 2 - 6% 3 0.600 27 23 7 Va Jan j \ 26'A *26% *111 "•"•.'/•: ' 26% 26% '27% ' 15'4 45 *40 45 27 / 15% *8% :'Z 1% 2% ; 50 % *26»/a 6 Va 26% Z 1 'A 105 43% *40 44 *40 *26 '4. 2% •• " • *32 •• 43 *43:% * 33 ;*2% *111 9 la ,*8'%, 106'% *105'/a 2% 21a. % 1% Z ..r" *32'/a 106% 15 15 *111 "9 *8% J.' 33 *32% •'105 li, 14% . *111 ": 9'/« 1% %.*lVa 14% 14% V:. ~ , Apr - Teleg Co——^->-100 17 101'% Apr 29 33% Apr 24 American -Tobacco. ....——-25 34% Apr 20 Common.class B—»—25 7 Moo 4'A 26 ■ b 58% 3% *40 25% 28 7 57% 3% Feb 4 9% Jan 6,700 4% , "'.57% 3% 45 25% 28'% - 4 2% 35'% 24 5 22 9 Va May 25 No par American 6,500 5 48% Jan •' Dec Jan- 16% Jun ioo 2% , *46 4 Z:f 57 : 2% - 48 Va " 4 3% • - 25% -• /-;•■ 56% v. -3% *40 - 2% 2 % *46 13% 3 25 52% Apr " 2% 214 *44%. -y/8'% Jan 15 No par : Co.— Stove y 6,900 « Jun - SteerFoundries———No par 430 116 95% 26'/«Jan;./ 9 147 American Stores 16,500 27 7 27% •27% **114% Dec 26 % Jan 23 •Amer Telep & I 77% Feb 119 Va Mar 14 par American - *114% 20 12% Apr ' 115% 115% *114%. 115 % 113% Feb 132% May 14 6 700 130 Jan 16 6% Sep 43 < V 6 17% 23% Mar 24 Jan 50 Dec Aug 28 12 May 15 13% v Dec .7% • preferred.;__—7——100 6,400 5% Dec 15 10% Jan Sep Oct Jan; 6 % 2,100 130 4% 38 21 40 35 Va May 14 Am 413/g - 7 Building Co—No par Smelting & Refg—_No par ; ioo 43 y4 1 43% "-141% .43% 130 : Dec * Ship / 119 118% ; 41'/2 - 43 ' 128 y2 t . 41- 43 : 119 30 y« 136'/a Jun 600 1,100 1 500 17% 88 22% 88 - 2'% Feb - •Amer 1 300 17% *21% -5% . 10 % 11 11 Aug Dec 20 6 tPreferred:,————--100 • 3,300 10 18% *10'/a 88 22%- 128% - ;'rA 17% ■17% 41 • 5'A 27 'J.0% *85 118% :• 128% 4% J. 9'/« 10% 85 ■' *21% 43 128 18% V Feb 21% May 21 •American Snuff.——.25 '7 200 j 144% ' 17 V* 85 41'A 42% - 27 10% 43 41 41 / 128 Va- 128% ••■"/ 5 *47a 267« 18% 10'A *10% ' 17'A • ■ 118% 43 43 18% IOV4- •*138% ■*138%- 144% 144'/a 10%- - />.. 118 II8V4 117% 85 *21% - 17'% *84%- -- 18% *138% 10'A • 10% *17 87 / 18% • 10% *10% U7V4 144%- *10% 18%'- 18'% z 11 *10 . /:- lOTa *138% 144% *138% Mi¬ 144'% 4 ' j 260 7 .. 'T 138 No Co.^ Aug 51 Vs 2'% 10 5 Razor..—___18.50 Safety 1,400 1.000 Sep 16 7 Apr .100 % 7% 33'/a De« May 29 6 15 VB Apr May r"(; 6'% 2 34 2 .: Jan 1 5 9% Apr par Jan 4% 42% 2 65 7 Jun .—100 preferred^.. conv 10 Va 28 - 142 V4 331/2- 143 *33 % ■ *'/a% Sep 6 % Jun .4 38% Dec 27 May 25 50 14 par Feb 2 10> 6 2% Apr ; Dec 36 13 Mar • Jan 3'/a Jan 24% 1 Va Jan Rolling Mill.....—...25 American -- Jan 18 San'y..—.No par Preferred - ; 5,500 • / *140%- 144 200 Rad <fc Stand 10 Vn 27% 39 Va ' Am Sep 3% 17 36% Sep 5 Sep 35'% Mar preferred.—No par preferred;——No par 7% ;■>!; 3.0 i 10 55 27% 39 3.100 31,300 28% 5 '/a Sep , ■7- No par Co.7,.7—.No News Aug 4 '/Ti% Jan Dec 14%, Feb Z 17 6% • Jan . • Amer,Power & Llghti-^—.No par ^ $6 ;... $5 1% - 25 6preferred...—ZU.777——^100 7 American 3,600 ; . 148 7%- 73a •;>". 480 5% 9% v.- 56 55% / 27% 38% 10 • Mach & Metals Co Ltd—--. Jan y« Sep /'/ 9% Aug Dec r: Jan 95% 2 32% Sep —100 Metals—-—.No Amer 8.100 . 18% K •'*141'A 148 *145 .;'/■ : 55% 38 % :20 18'A 5 'A li /■: 19% 18% 7%- • • 18% 55%- - • 20 'A I '.'24% y 1.1 5 •'//'•- Z-ZZ5% Z 18% 4% Z 9%- 148 *24 11 f« 19% P.00 117 *115 : - 24%- % Z'v:/ 47% • 10 27%. ■ •' 55'A 7% *9%/ 27 % 24% ; % >•,•■<" 4% -9% - 55% -: 56 - 9%.- 9%- 9% . 18%- -*141 'A :148 9% - - 7%/ *27 Vt- -4% 9 171 40% Sep Feb '/a 3% 21 July . 8% /■'•/ Jan 2. x36% Apr 1 Cotp__^„No par Invest Co of 111——1 Amer 6'A 19 y4 Feb/./'/'/ 19% Aug 4% 25 l%Sep 2% May 26 % Preferred .i_——100 Amer Mach & Fdy Co—.7_..No par T.100 6'4 18% Dec 9% 2 American -Locomotive— 1,900 614 24% %: ■ 19'% ,17% 4% *141% ',,, 56 55 V4 ,... 17% 4% 9% 9% • 18% 17'4 > 148 H41V4 18% 25'A % v. u. 22 - Janl 25'/2 Jun I 5%- conv preferred—1,—_—--50 No par • I 500 11% - . preferred.. ' Nov 16% Jan .7 Intefnat American 10 3,100 7% ; Ice___——•„.'—No 6%non-cum Amer 1 900 t 100 — Jan Xl7 71% Jan -50 Products. Home American •v 500 <k Leather— i—^-l preferred-.— conv American 2,200 •j : , Hide American ;V6%' 18% 18% 117 24% .» - % . 17'4 .'4,*■/.: 17 %■ 25'% *25^ 18% / 18% 43 -- %: ■ 9 ift/Jany'S/ •American Hawaiian SS Co—.=10 ,t 600 32'% -/ 5 Vb - $6 preferred 121 78 Jan 6 3% May 27 Jan 115 July 24 1 23% , Dec 4% 11 27/ 11% Sep 79% July Apr 90% Sep " 8 99 27 16 V* Jun $7 2d 1,100 48% 3% ■ 25% 25% Sep 22% Jan 34% July 9% Mar : ' % Jan • par preferred—-,-^.———-No par preferred No par 1: 7—-—No par $7 " | 700 ■ 34 Vb , 1% 82 *11% v 2% *31 ~, 7% - 29% *32 37 7% 4 48% - B.100 3,500 No Power— For'n & Amer 1,200 2% 3% ;•//"*5 '.v •;/ ' // 7% 11% .. i-:.-5% ■v.., 5%y (• .5% Lfc/: 18% 18% J, 4 - May - -7% Mar 11. v ' //', 5% 6 - 92 Jan ' !?■ • Dec 107 6 17% Mar 26 5TV Jan . 14'A July , No par '■■£ ——1 European Sees— Export Lines Inc American 4,100 " . 36 y 29 1% 3% , 5 Va 37 • 7'A 82% 12 J—_;25 15. 16% 2 Jan Jan 185 ■: Feb 20% Jan Aug 95y« Apr 56 Oct' 3 Dec / Sep 33 Mar 16 900 157 % 170 Jun 130y* Dec May 20 69 Coal Co of Allegh Co N Apr 55'/i Mar Jan! 39' Mar Mar 12 110 — Dec' 8'% Dec 159 May 27 I tic;—7-No 47% Dec.; 1 i 9% Aug , ', Dee 7 20 par May 26 ___ :/■ 5% - 35 32 *31% 3 % -Z *5 ■ - 7'A *80 12 - 32% ■3 'A 5'A- ■ 37 /,/■■: 11%, - 3 %. -7'A v. 32 32% *35 . 7% 83 V;; 12 * 11 %- 10 May 21. 900 ; 40% /• ;4% v.« 4%- - 35 48% ^'5. 5 % : 1% .V"'.; 39% 39% .'-4%35 -3% ■ 37 • , *7'/a 82 82 ; ■ . 7% 7 Vu 10 2% Sep American J 20 1 Va l'A l'/a 39% ■ 5 - 34%- *32% ■ 3 % *3'4 *5 '.■'•■■• • 39 / ■: - 5 V4 *5 i.*37 ; 33 32'% 3% *3 U 130% Feb 13 ' 2% ; /5V 20 20 ' • 20 16 American f *122% Apr l'/a Apr 55 '/a 4,300 1 *4% 5 *4% 35% *1% 17« .' 5 20 ui ui 26'/a 105 1,000 ft 11% 11% 1 29%. H7% ■ 13 *34% *2'A - 11% :' 11% • 35%: *28% • ! * 1 'A A" 5 35 23 Va *19 :>>■; 1% -5 - 2% 33 No preferred conv . I 700 4 15 100 Am . Jan , par 18 ,,, 3% 33 28 120 41% p J per share • 5%. Apr 6 14 American ChicleZ—..c—-No par /';'//: 300 6'A *5% -,:-15y4 ■115% *96 99'A 6% 15% *96 '11% -'il *14 18 "5% 199% 39%/' *39'A 5 29% 1TB Apr 8 Feb Highest - share ■ 5% Jan 47 ' Year 1941 t per 25 Fdy Cable Chain " 5% , 88 23 Preferred Am 1,500 , 108'A Si Range for Previous Lowest „1 Corp_— — Car "V 1 : 7% Jan 2 14 3% Mar 11 No par . Lots J per share 38% Apr . ——7—-A,————100 t Preferred American ,3.800 i-.A 900 > - 18% , 88 *15% ■{"■ 15 *4Va 20 '1% - *34%/. 35 • *96 5 20 23a • • % . 14'% - 29% > : ' A 61% 18 Va *106 *14 5% 15 •/; 11 " !:l . r. 34'% • • 18 5% // 99%- til 34% • 5% / 15 . 39% 4%. - 25% Fdy Can 100-Share Highest 5% Jan Corp„7»—1 Radio Si of J per share preferred—-7^*1-100 71 conv Cable American 50 170 6i y4 . 108 y8 87% ; 87% 87% >: 18% *106 : .5 'A % Since January Batiis Loweist Note___^____^___l0 Brake Shoe & •Amer 2,600 25'A 62 1814 . -67% 170 25 /■'. 61'/a i , 108% *14% 18 10% % - 5 39% . %:'• 18 ' "86 Vb *97 1% Z 1% V8 5 60% 17% *14% 19 Tit 19 1 > 5 ■. *4% •39% 39 60% 172 24% 40 11.800 Range On preferredl_1,:7i.1:-%.i._____-50 % 6% Am ' OIK, 19 <U8% ZZ'lVi *170 24% *106 87% 5% r 10% 10% 5 ?4%- ' 5% 100 % % • 170 American- Bank .'. ^American' Bosch 900 -. 2% 67 67'A 500 1 127 *2% '.*■ Par 70 44 *126'A 2>A 67 24% 108'% *14% 18 *98 10'.'2 ?10% 67 170 18 . *86% 15 *14% 4 2 Va 66% 127 126% ■ ■; STOCK ' 5% % 15 18 . 26% 2% •61% *60 87% *14% 18 "14 % ... 87% 26% 126% 24% *106 108% *106 108'/a ; 18 17% 18 Va *18. 26'A 2% 24% 61% X61% 63 ,.62% *10o 25% 126% 169 169 24% 24% » 4% 67'A 67 168 168 24 3 24% 67% *4'/a 2% 127 2'A ■ 2% *25 25% *124% 2 % 2V« , 127 *124% 127 *124% 2 >/« 0<\ 4% *43 ¥ORK EXCHANGE , , 1,600 7% 43% - 4% . 7% 7% 7% *4% 43% 4 Vb NEW . Shams share per 43% 7% ; *43 * M share ;25% 7% 7% "43 $ per I per share •• for the Week Sept. 25 Sept. 24 Septra Sept. 22 Sales Friday Thursday Wednesday Tneadav Monday Saturday v. HIGH SALE PRICES LOW AND i Monday, September 28, 1942 2 31 Sep 25 13'% Feb 28% July 16'/a Jun 24 34 Jan 5 13% Feb 45% Oct 14% Apr 3 16'% Jan 56 Nov 28 19'% Jun 28% Deo 109 "A Feb • 6y4 Sep 21 25 20 May 111% • Jan 5 50'/4 Feb • 43 May 23 70 Jan May 25 116 7 Apr 30 17. ,15'/a. Apr 28 2% Jun 2 107 "*< 5 Jan 17 ,9% Jan 111* 9 22 Jan, 4Ya Jan 6 6 13 / 2% Not 72% Jan Apr '121 Feb / Oct 9»4 July -3% , May Apr Sep 7 Va July 51% May 1% May 9 • Feb Feb •61 26 2% Jan 6% 47'% 16 7 111 ,:l%Apr 70'4 May v 23% Jan 30 99% July 20 746% Apr 2 45% Jan Mar 16 33 25 Oct 25% Oct #% Jan - B ' *11',4 11% 11% 3 la 3 *5% *3 5% 10% .% 28% 27 *9% 9 *12% % 27 9% *105 29 %. •82 84 % %. • 9'A 10% 12% 20' *1.9% 24% 110 3% 6% 6% 6 Va ■ 5% 5% 5% 5% 31% 10% 30 *4% 9'A 9% 10 V* Dec 19 4% Jan 28 2'% Dec < 100 Aroostook..——„—50 23 7'/a Jan 27 3% Dec 5% July 8% July 4 Apr 15 6 % Jan 26 3'% Dec 12%- Sep Jan 2 31% Sep 23 •-18% 6'/a Mar 25 10% Sep 9 Jan 247b *105 20 1,600 Barber Asphalt Corp....- 100 Barker Brothers.—— *25% 27% 27% 20 ■ 9% 9% .. *26 9% 10 Oil Barnsdall 4,300 13% preferred.. 5'/a ^ Bath Iron 12% ••/ 12% 13% 13% 19% 19'4 19% *19 '/a 19% 300 Bayuk 24% 24% 24% 24% 500 Beatrice 110 5,000 85 *26 83 8% *16% *7% *103 110 29% *25% 29% 83 *82 84 8% *i4y4 *8 8 Vb *15 *103 * 25 % *82 *7% -$5 110 100 84 13 i3y8 13% 13% 13% 137 k 14% 14 14'4 4,100 Bell 34 343L 34 3 4'A 34% 34% 34% 34% 34% 34% 7.500 Bendix 13% 1,400 Beneficial 13% 13 V4 13'A 13'A 13'A 13% 13% 13% *52 % 53 % *52 % 53% 53% 53% 54 54 22% 22 % 22 53 % 54 % 110 la 5414 *109 For footnotes see '4 110% page 1127. 22 %' *21% 22% 22% 22% 53 V2 5 4'A 53% 54% 54-% ••55% 109% 109 V4 lU»-?4 *109'A. 110'% 54 400 22 22% 1,000 55% 56% 13,300 *109% 110% 1,600 St preferred 20 27% Dec Sep 35 27 7% Feb Sep 10% July 6 13% Dec 24% Mar 17 y4 Dec 20 Dec - 15'/a Apr 30 21% Jun 6 25 20 15 ——No par 103 25% Sep 104Vt Feb 16 102% Dec 106 Oct Feb 24 28% Feb 32 Apr 110% Jan 10 Jun 126 Jan : -50 ^.20 —__No par 1 —5 -No par 100 Apr Mar 20 23% Jun 64 Apr 8 24 6% May 14 13 Pr pfd 7 Jan July 9% July 18% Jan — Loan Dec 11 Vb Jan Corp Indus 30 5% 3 RR_.._ Aviation 24% Aug 20 34 12% 27 2 $2.50 div series '38_No par Best & Co—— —No par Bethlehem Steel (Del)—.—No par • 22'A *109 13 Va *53 Aircraft 6 Apr 8% Jan Belgian Nat Rys part pref . 25 4% Apr Dec 7 12 Vb Jun Beech-Nut Packing Co... Belding-IIemingway 8 Va *16% Creek v. 1 ..No par Inc.. Creamery 22 Jan 5 — preferred w w_ Beech 29 % ^...—100 —.10 No par 50 Works Corp— Cigars 13 % Co .... • 110 29% *7% preferred 10% 25 12% . V 4% *24 19% 24%- *82% . Si Conv .5% *105 12% *26 8 'ii preferred— Bangor 1,360 10% 13% 54 "4 3 3 4'/a Jun *4% 53 Va 103 14% Jan 2% Jun 4 4% 13 "4 *21 % 30 29 Baltimore Si Works v t c_. -13 Ohio.,——100 9% Jun 9,500 10'/a 5 53! a 30 7,300 4% 26% 9'A 5% 5% 3 l'/a - 10% 10% X26'A 29 *16 % 13 3% 6 Va 27 85 *7% 8% 19 12% 3 la 5 *82 , 1214 3'/a 30% *25% . ' 11% Baldwin. Loco ' 13 *19% . "26 % 34 27 24% 110 34% *4 ; 5% 30 10% 5 13 13% 19% "77it 10% 9'4 25 13 5% 5% 29 *26% *24% *14% 5% 5% 29 % " . 12% 3'A 3% *4% . *19 '/• 105 -J *10% 5 *26'/a 5% 11% 11% 3 5% 28% 10%. *4'4 11% 3% .; *5 % 51 it *5 28% 11% May 20 9% May 20 28% May 21 9% May 6 46 % Mar 18 17% Apr 27 49% May 25 105 July 1 30 2 8'/a Aug 24 15 May 8 108 31% Mar 27% July 6'% Dec 10% Jan 17 32% Apr 41% 8% July Oct 16% Mar 30 39% Jan' 3 14'/8 Sep 12 10% Dec 20% 54 Sep 24 50 Aug 57 24% Jan 19 66% Jan 2 Jan 7 121 19% 51% 115 Dec Sep Jan May 34% July Dec 89% Jan Dec 131% Jan THE COMMERCIAL & FINANCIAL CHRONICLE Number 4111 Volume 156 LOW AND Monday Saturday Sept; 1!) S per share *24 25 17 17 *5% • * *55% *34% * 11 % *7 10% ...t per share 24 ■.'v 24% 17 17 5% *24 NEW *57 68 16 V4 34% ••>34% 34% 34% *84% 85% 85% *85% 34% 34% >■ 85% > 34% 21% 21% 25% 5% 5% *11% 12 12 ■ 12% '.Tr 10% *57 68 " 16% 17% 35 35'A .35% *8% *57 - 16 V2 V 87 *85% 34% 34% 34% 15 15 15 15 12% 800- 12% *8 •?.> 5% Blgelow-Sanf Carp Inc— Black 1% V 21%" 21 21% 21Va ; 68 •■■' 10 V2 *28 *34% ■ 35 Va 87 16% ' 35 • : v 17 * 'V 35% . 10,800 ' 2,200 . 87 *85% •V, 15% 15%' 21% 21%, ,,. Bon 740- 20 *8 ■'■■ 25% 25% 25% 26'A 26 v4 1% 2 Va 2 Va 2V4 2% 2% 30 *28 29% 20 20 *20 22% *8 8% 7% 18% *18 18% 18% 18% 30 *28% 30 32% 33 28% 33 : / *28% 33 -*32% ' 18% >29% 33% 30 33 Va 33 30 ii > " ■• * 1% • v; % JO 1% '?•' 1% *JJ ; ■<:■ / *1 'I I 23 *JJ ./,>■ 1% •; n 1 ■•?';•; 30 33 *7% 8% 8 8% *28% 29% *28% 29% *28% 29% *29 29% *11% 12% *11% 12% 11% 11% *11% 12% *6% 6% 6% 6% 6V4 *104% 106% 106% 106% V:' 2% 2% 2% 2% 2'A 2% *50% 52% 51% 51% *50% 51% e" *8 >•'••'' 6 *12 13 6 8% 6 ■ 8 " 8 *106% : < 6 11% 25% #>24% 18% 18'A 18% 54 54% 2 •:„54% % :•': ■V 2% *20% : 22 VV". 4% 7% 42 *20 % 5 4% *20 Va 21 *20% *2% 3 *2% *6% 7'A *72 13% 13% ; Va 6% ' *2% \ : *115% 89 *88% *6% *67 6% ' *66% *2 "a 3 6% 18 * 18 51 Va %.i 18 *31% 32% V 6% 6 * 2'A 14% 2 Vis 35 6% 32% : 35 83% 23% 6 'a *67 127 *124 *13% 2% 13% v# 00% v *86% *2% . 2 1% 25% 24% . 97 3% "•'2%? 33% 2 2 24% 24 6% • 2 • *16 *15 16 *94 96 : 95 95 *95% *s% : 6% 32% 32% 95 1% 2% 2% 13 7% 13 6 14% *34% 35% *49 50 • 6% 35% *34 % 35% *49 50 *% % *% *11 11% *13% 13% 1% 1 Va *% . *94% *32 Vi 10%?: 2% . . *26% 111% 1% 1 • *2% ; *90 v?: 1,300 ■ '??#•.• 700. • 2% # 96% 34 #40- ' 34 * 'V 2% 17 •27 111 •' 32%' *94 96% 1% *94 1% 7 7% 2% ! 7 7% 2% 2,300 2% 13 34% 34% 50 •?>: ' f- 35 *49 35'A *49 6% ■ 35 ' iV, % 1% 1% 1 1 % 1 1 Va ■??. --•: & 5% *2% co m C# 75 109% 28 50 *48 61 32% *60 32% *140% 76 32% 148 *75% *60 % 61 *560 76% 61 *560 *39% 32% *140% " 15 15 15 104 *103 104 104 14'/a 13% 28 99 *98% 81% 50 40 32% 148 60% 104 *109% 28% 60% 105 13% 111 __ *560 15 14% 36% f 75% 15 13% *2% 2% 36% 75% 15 .14% ' 75 *48 148 •■?"'/ 21 20% 62% "'62 42 50 32% • 1% 20% 79% • *48 15% 14% *32% 2% 2% 36% 111 36% * — 10% 14,800 50 42 mm v' 2% 36% 75 *98% *79% 80% 50 40 40% 32% 32% *75 76% *60% 61 '.. *48 40% 32% *140% 76 *60% Clev 70 50 40% 1,400 32% 148 2,200 ; 76 400 61 100 *560 May 8% July 11 5% Dec 9% July 3% Feb 1% Deo 4% 15% 15 15% *103 104% *103 104% 200 14 14% 14% 2,400 14% 3,700 14% 14% 3% 3% 3% 4% 3% 2% 4 3% 4% 27/a 3% 2% 3 4% 5% 5,570 '4% 5 4 Va 4% 4 Va 3% 4% 4% 7,350 4 4 4 4 Va 113 Isl 6 Sep 113 15 ' *11% 11% 11% 11% 11% 11 % *11% 11% 11% 11% 11% 11% 11% 11% *104% 15 11% 11% 113 15% 11% 11% *104% *15% 4 ll7/a 11% 5% July 24 Jan 10 95 113 15% 4% 12 11% 2,760 1,100 2,600 C Jan 13 76% Feb 100 July 9 7 Va Apr 12 J&D 15% Deo 24% Sep 61 Mar 64% Nov Dec 1% Jan 15% July 20 Va Jan Jan Jan Jan Aug 29 26% Dec 40 51% Aug 13 Jun 12% Sep 33 5'A Sep 37'/a Feb Apr 14 89 Dec 39% Apr 1% Dec 5 2 2% May 18 54% Apr 17 Jan 28 Dec 22 Jan 19 3 72 Jan 16 124 30 Apr 24 42 15 Apr 82 Apr 24 23 v 2 V< x 41 92% May Apr 79 7 30% Jan 3% Jan 87% Bep Sep '?•■•• Dec 9 43 Feb 18 July 3% July Dec 32 27% Jan 22% July 117 Aug 32% 16 Feb' 77 5>A 2% July 20 37 32 112 Mar 3 36 21% Jan 3 18% Dec Jan 12 Apr 29 120% Jan 22 17 94% Jan 14 6Va Aug 12 8% Jan 3 125 Deo 110 77 Apr 93 Jan 66 Feb 25 71 Va Jan; 3 16 Apr 27 23% Jan'27 11 29 2% Apr . - 116% Mar 122% • €5 x • 15% Dec 10% Jun Dec 5% * Dec ' ——• 75 Sep Jun ' 22% Mar , Deo Jan 2 108 7/a Dec 115% Jan 3% Feb 2 Jun Jan 60% July 29% July 1% 7 1 Deo 4% Aug 4Va Feb ' 110 Mar 10 1% Jan Jan 17 2% Feb 1% May 27 90 Sep Jan Dec 3 25 1% Feb 10 Apr 20 . i! 14 18 29 Jan 3% July 17 Deo July 11 2 Deo 4 95 Mar 30 77 Oct 07 34 Sep 21 25 Dec 3% Feb . 5 l'/a Dec 27 22% Apr ;,.37% Jan 15% Sep 14 19 Jan 6 Oct 14% Jun 26 17 Feb 10 15 14% Deo 22% 93 Apr 27 100 Jan 14 95% Dec 107% Oct ——5 —25 5% Apr 22 8% July 10 5% Deo 18 Jan 27% Apr 24 36% Jan 27 31% Deo 44% Jan 89 03 Deo 102% Feb 82 July 6 27' Jan 2 8 98 Feb 7 16 2 Sep 8 —40 2% Jun 5 50 —50 5 1% Jun 2 8% Jun 2 4'/8 Jan 100 100 . Dec 2% Jan 26 1A 13% Sep 16 23 6% Sep 24 3% Deo 17% Jan 3 9% Feb 39% Jan 21 37% Jwll 5 Apr Apr July 16 2 % J*3-11 2 '/a Mar 23 8% Jan 2 7 52 49 ft % Sep 24 1% Sep. 24 1 >/4 Sep Mar 8% 54 Dec July Jan 11% Jun 8 8 Va May 6% 13% Feb 27 10% Feb 14% 2% Feb 6 25 25 Jan 13 —3 43% Jan'■2 63% July 9 3 .10% Aug 100 5 No par 5% pfd —100 gtd 50 —50 No par No par -.-100 No par (The)— No par No par Colgate-Palmollve-Peet $4.25 preferred No par Collins & Aikman No par No par 100 No par preferred Colo Fuel & Iron Corp — —.100 —100 4% 2d preferred—! 100 Columb Br'd Sys Inc cl A— 2,50 Class B —i 1——2.50 34 . Dec 3 Aug 20 Dec 27 Jan 41% Deo 72% 8 Dec 10% Feb Aug 18 02 Dec 104% Aug 14 34 Apr 14 40 Aug 46% Feb 2 Deo 4% Sep 40% Aug Apr Jun 9 25 67% Apr 17 107% Jun 15 3 37 72 Jun 6 Sep 15 Mar 10 29% Deo 70% Oct 85 109% Dec 115 112 Jan 3 9Q Jan 5 24 95% May 15 100% July 27 08 May 77% May 14 84% Mar 10 61 Deo 47 May 11 May 32% Apr 25% Apr 139 Jan 50 Jan 28 24 44 Jan 22 145 2 56% Mar 24 55% Jan 28 Feb 25 470 11% Mar 13 97% Apr 25 10% May 7 96 May 1 13% May 21 % Apr 16 May 19 % July 10 8% Apr 17 1 8% Apr 24 36% Jan 26 5 3 46% NoV 27 Feb 28% Feb Jan Aug 33% Jan Oct 22 Jan 3 99 2% Mar 28 Sep Sep 1 May 12 Jan 9 Feb Jan 'A lVaJan 3 20 May 28 92 Jan & 11 Va Jun 26 ..No par 100 Oct 19% July 44% Jan par 1 Sep 3 July 11% Nov V* Dec ft July 25 Jan 1% July 6% 3% Mar /ft Jan . A 1% Mar Aug 11 Apr 28 12 33 47 —100 7% Sep.17 : 21% 10 Co 7% 1st preferred— 2% Jan Apr — Colorado & Southern - % Apr No Class A 4% 2 14 7'A pfd——No par Bronze Co (The)——al preferred 100 conv 4% 11% 14 8% Jan 14% No par Special gtd 4% stock Climax Molybdenum Cluett Peabody & Co Preferred * 5% 700 Aug Dec Dec 3% Jan 17 Va El Ilium $4,50 Co 23 Dec 24 Oil Equipment Coca-Cola Sep 6% July Dec 4% 18 Jan — Co Clev is Pitts RR 6 21% July 21 25 Dec 29 iJ Copper 6% Feb 4 13 5 2 Pacific. Cotton 24% Feb 2 28 1 —— Co Aug 17 1% Apr — & 42 Dec Coca-Cola Intern Corp 15 49 Jun Clev Graph i 113 1127. 10 Nov No par — Rock Clark :900 2% page 55% Jan 20% July 56% Nov 0% —100 C C C & St Louis Ry Co 99 79% 400 1,000 /'• 28 99 ■ 111 27% -.L *14% see 35'/a Deo No par ——100 Chrysler Corp., City Ice '& Fuel,; 6 % % preferred City Investing Co City Stores 1,000 V; 97 *109% 28 *140% 148 15% 97 75 *560 104 *10% 62%/ *104% For footnotes Deo 15% No par preferred 6% preferred— Chicago Yellow Cab. 8,900 1% 5 23 Va 3 23% Jan East 111 RR Co 2% ' 14% 3% 7 1 1 preferred Chic 4,000 7,000 1% 3V2 Jan 19% Jan 4% Chicago Pneumat Tool—No par $3 conv preferred ' No par Pr pf ($2.50) cum div No par 14% *104 % 8% July 15% Mar 30 2 " 61% *32% *48 *75 .?;?■'■-21;;? 42 50 *140% Jan July 10% Chicago Mall Order Co 200 % 1% *32 Va *48 76% 14 Jan 78 Feb 6 1 Chicago Great West RR Co v 50 1% 42 *97 32% 7% Feb 61 14 1,400 1% 10%-/ 39% 6 5% Dec 7% Jan 1,200 ":.? % 97% 39% Feb 66 Jan 12% 118 Jun 2Va 100 Cab Class' A 8,700 6% % •:'•" *98 39% Deo x109 3 1 Jan 2 Apr 25 Apr 16 Jan 2 29% May 16 100 Preferred series A Chic 10,200 12% *10 - ' >80 39% 7 Va 9 27 3% Jan Apr 34% July 5% Jan Mfg—:— Chesapeake & Ohio Ry—1 2,600 2% 10% 81 39% 37 Sep 23% Mar 15% Apr —1 Pap & Fib Co Checker 100 1% 97 1% - 13% 13 98 28 Deo 8% Jank Feb 5% 11% .9% 29 3% > No par preferred 1 6% 9,200 *96 111 14% Jan 11% 14 par Copper—,..—No par Cham 20 32% *10 22 Va Deo 30 18 14 Apr 17 Mar 6 19% ,2% 6% 71% 10 Co Chain Belt Co. 96 ?." 10 >109 Va 7 16 Jan 112% Jan Sep 25 18 Jan 4% Sep 100 Products 400 16% *95% 96 28 9% Feb 1% Jan 6% prior preferred.... 200 *16 96 2% 2% Jan ——-.100 Certain-teed 1,080; V 98 *10 35% Sep 7 Jan 14 1 17 6% Aug 21 103% Mar 12 40 prior de Pasco Chile Va Jan 19% Jan -r. Preferred 2,000 2% 26% 16 -i'i ; ■;•••'• 15 21 99 2% : 300 2 — Foundry Cerro 32% 61% 35% Aug 6% Sep —100 Aguirre Assoc 2,400 26 Va V *14% 21 *80 112 • 14%. 60% *97 *1041/4 13 13 6% 21 •'"?"*— Oct 2% Dec •» Jan 1 Central 111 Lt 4%% preferred—100 ICent RR of New Jersey 100 Central Violeta Sugar Co i—— Century Ribbon Mills —_No par 40 3% 14% 60% •'•' 14% 7,000 Central 60% 81% *102% Central 20% 99 15 2,100' 1% Chickasha *79% *60 16%; Childs 2% 45% Dec 1 26 - 400 *97 *560 10 - 800 *109% 28 148 67% 2,600 ? 1% ■>> 1% 81% 32% 6% •;••• 1% 75 ' 5 35 23 1 14% May 1 53 Apr 17 6% Jan 2 . IV*? ?-? *1% l'/a 99 *74% 70 13% *79% *140% 120 ll Va' 36 3 13 19% May —5 ——- — series *13 * Apr Jan % Jan 1% Jan 34% No par preferred——100 # 7% prior preferred.— —100 2% 2d preferred 1.100 Celotex Corp— —v—No par 5% preferred.— — —100 5% *UVa 36 • 38 43 >!■ Dec Celanese Corp of Amer„ 160 11% *97 39% V 13% 2% r Jan Deo 3,000 /•<••?• 13% *32 Va 41 2 Co Co Preferred *11% 42 Deo 5'% Caterpillar Tractor——-—No par 11 % ' *32 Va 23% 18% 6,200 97 3% Steel (J I) 13% V Jan Sep 24 30 5 —1 :_l-0 Case *13 10^'a 25% 2 14 Carriers & General Corp— *11% 97 Deo % Jun v. 800 13% 10% 75 *109 Va 1% *96" 34. —— 300/ 11% 60 Va 14% 16% Jan 50% Apr Clinch & Ohio Ry *11% ; #>20 Jan 25 —50 — Carpenter *13% 1% Dec 12% —1 No Packing Carolina 90 'A?? i6%- •'" Zinc—— preferred A 1% *94% 2% 35% 67% -• S3 13% 1 % Jan 17% Dec Jan —.30 —.5 No par Zinc-Lead 60% V 97 35% .; :• & preferred 11% * 39% Dec 6% 23 -10 ' Copper 1 Va 20% 60% 42 * 700 % 50 % 1% Deo 16% 2 par Capital Admin class A— 1 % 5 8 1 preferred— conv 13% '#• 21% 60% *10 *11 V2 Sep 3% July 5% Sep -100 180 6% *49 Va : 21 Feb 16% May 27 No 200 14'A *34% 50 I *% %'v Apr Va 11'A Sep Ginger Ale.5 Canada Southern Ry Co———100 Canadian Pacific Ry— —~25 Cannon Mills ———No par 300. 6% 2% 14 Va. *34 VA ?;?' *49 •?■ Sep 16 9 —1 Canada1 Dry 40 *6% 13% Va 1 21% par Campbell W & C Fdy_——No par 32 7% 2% 6 '% Dec par No Calumet & Kecla Cons Cop—5 6% 1% 13 14% % —No — Bldg 7% preferred—100 California • 16% 6 Va 95% 1% Va :•:?■.• 95 17 16 32% 7'/a 2% 6 ! '*?"? 2 Va *95% 6 : "94 13% *14 18 Va 28 2% Apr 24 47% Jun 10 -.100 Callahan 27,800. 34%, 6% 2% ■ *16 96, 32 Va % 2% 14% 6 1% > 7 13% : 6 /■•?• *14 95% 1% 7% 2 % 13 6 14% *94 1% 7% 2'/8 13 *5-, 95 1% ?■•; x par 1,400 4,800 116 'As : 26 V4 -'26:%? - • 17 16 95% • 2 26% 96 *20 *2% - 2 25 16 :; 7% 5 —100 No Co ' '■•/?:' 25Va 16 1% Apr Jan 23% July - 6 Apr 29 9% Apr Jan 54 Deo • 21 Apr 21 7 111% Apr 17 Sep 2 28% July par 1,800 21 • 13- 33% *15 32% par — 67 00 V» 3% 13 95 16% 32% Deo 38 •19% Sep ft Apr 16 '1 par No 5,500 90%. - 97%' *3 V4 r? 33% 18% : < 5% 5 % 21 1% *96 *2% ?; 2% •;? "95 ••:••• : *15 32% ■'■•A- V.r,; 33% *16 6% 68 1% 95 16% *6 30 Jan par •.Participating ' 18 % 6% 26 No No Terminal Butler Bros 700 £ 90% , 16% •16% 33% 2 % par ,5 No preferred Bush Term 127 116 6% >67 3% 12% '•'13 20% 90% 95 34 ~ 89 •• Jan 9% Jan 7% Jun 29 15'A Jan 2 —No par 23%. 2% 34% 116 *90% 6% '69 ??V- 97 3% 13 "8 95 33% 33% 20 • 25Vs. Oct•" 16 30% Jan May 22 No 84 *124 90% 90% 116 90% 6V4 '5 20% ?■ 90% 116 *67 13% *2% ■■■■■lYa: 95 ,: Mar 10 6% 1,100 2% 66 % 34% 33% 20% 90% 9 8'/a 3 :? 25 xl5 preferred———100 Byron Jackson Co. ——No par • 35 2% 127 33'A 116 69 *97 5 —15 Bush 32%; 84 66 20% 20% 6% 66 33 115% 90 2% Feb ' 12% 26% Sep: 24 220- 5% # *23% *2% */ 2% 2% 66 *124 90% 88% 6% 2% *65 33'A 115% 89% 2% 65 127 *90 2 25 • Burlington Mills Corp— *—1 Conv pref $2.75 ser No par Burroughs Add Mach '—No par 31%' 2% 83% *23% *20 % 95 Va Feb 1% Jun Byers Co (A M) 12% *33% 83% 33 -72 19% Jan Butte 15 *31% U 2% 23% 98% 7% J&n 300 6-? a 15 35 83% *96% 13% *2% *33% 98% "95 Sep 35 500 % 6% *31% 2Ve *33% *96 % 32% 24% ? 18% 4% 1% *5% Apr 5 ; Bulova Watch—, 54 "2 %. *30% *23% *124 3 % *51'% 4% . 16% *94 21% Jan- 6 35 Va Sep 23 •/' • 13% e% 83% v Forge ".■* • 13% • 15%' 23% 90% *2% '• 30% 1% i 13% May 20 25. May 2 —100 Co— 900 73% 4% 16% *15 Mar 24 Wheel——. Buffalo s; 73 30 % 1% *16 90 21% Sep Co Bullard 310 • 3 12% 16% *1% Dec 20 7% 12% 1% 3 3 12% 16% *24% 70 6,800 5 15 1% 33% 7 7,900 21 *7 18 *83 % 69 5 ■"■• 12% 16% *86 Apr " 15 1% 13% *2% Oct 70 18% Mar 31 Mfg preferred-— EuCd 1,300 3 23 % "16% ?• 17 -—15 (E G) 300 40% 23 54% "J if 32% ;r. 7% '1,400 • 40 18 *51 % % 1% *2% Deo 5 preferred 320 200 * , 8 7% ' 73% 54% % *31 Va 116- 54% 3 13% #3% 4% *2% 7% Budd 2,900 ' 13% 16% - 10 7 Bearing Co Bucyrus-Erie 2,200" *54 7% 13% :■ •31% 65 V '.#■:> 24%, 18 ' 3 %■//:•• 7 73 *i% • '• 72'A 4 % *2 Va 1,900' G% *20% 72 Va- *30% ' ; 24% V 5 *3 16% v" 2 17% Jan Bruns-Balke-Collender 50 12% 21 *20% 7% ' > 5 5 21 4% 2% 6% 69 5 *20% 31% 20% 20 90% 90% 89 Jan 40% Jan Brown Shoe Co ' ~ 2.800' 20 Va' 23% 23% 34 116 ?•'# - 4% > " . — 500 :■ *17% V V: r " ' ■ 53% 6% 42 s'- 23% 23% Hi *124/? 127 20% j 90% 5 22 % 6 Va 66 33, 21% ; 12 23 2% 34% *115% 12 13% May 20 Brooklyn & Queens Tr Bklyn-Manh Transit Brooklyn Union Gas N# 2 Va 12% 3% *37 14% 83% 66 127 34% 18% ' 18% *32% 23 67 V2 *124 Dec par Bristol-Myers ' Co—— 500 V 20Va ;v ■«■',.?■, 3% 3'A 42 , #•*30% 2'A ' ' 20% 54% 8 8 *38 ■ % .?■? 35 83 2% *65^8 8 2% : 11% 32% *2% *32% 8 2% 54% 4% ' 13 May 29 30% Apr 28 Briggs <fc Stratton__ 1,700 n . 6%' O CO ,;■# 52% 6% *54 No Brewing Corp. of America " 14% 31% '83% 3 par 200' 9 6% 12% T 54 6 % 4:% 6% 20 54 % *30% 23% *20 ! 18 *31% * ■ *11% " 18 *51% 6% 2% '•*83 • Jan 14 % Jan —1 600 ,, ••■'■'■ 12% 2% 24% 13% 14% .35 6 i 30 *107% : 52% 52 17% 73 n i if )> ' >23 Sep 10% 11% Jun 3 8 Apr 30 58 July 15 Bridgeport Brass Co No par Brlggs Manufacturing—1—-N0' par 200 •■ 1 Va 12% 2% 24% *13% ' ll% 4% 2% 23% Deo • 6V2 12% 300 JO 1% 108'/a 2%' 18% *72% 13% 34 : 9 6% 20% 6% 11% 32 % ; *32% 20 18 •. ;.•■■• . 6 3 14% 31%# *31 31%'Aug Dec 5 : Corp__— Roller Bower 5,400- *29 %' 25 *6% 11% 31% 4% Dec 15% 14 ' 18 *2% 147a r /• *24% 7'A 72% 6 Va *14% '*11% 51% 19% 21 . : *4% * • 54 *'• 51% 300 .... 19%^ 19% 9 1C8% " V- 2,500 12% 18'/a Va *50% ■ kc: 25 3 •*17% 54% J *50% *% 72 *13% *17% "18% 2% *11% 40 21% 21 , *6% ■>:> 73 '2% *35 22 *4% :- 7% ■<•'' ■: 2% *35 / 6% 108% 29 *33% v 54% 8 ' vvv-'avr 42 6% 19% *24% * 21 28 7% Jan Sep —— Borg-Warner 32 30 12% :• 2 Va 12 19% 18% *30 24 19% Jan 5 Boston & Maine RR 8% 1% 8'A •'••'.* 29 V4 *106Va *• ■ 6Va 12% 25% ■ 6% 19% *24% 8 V 108% 19% '*18% *54% ; *11% ,.<19% "19% "">..8 24% Sep i-lQO A_—• (The) Highest I per share . 2 par -No Co f per share 21 5 Inc—: 2,300 ; 22 %. *30 Jis..: *JJ *1 1 29 ■;. ;■«• No Brass 6,100 2%' 8% ' il *1 Borden *20% 19V4 . 26% *1% 8% 18% 4,900. Year 1941 share 29 5 - - < 20 8 '-?■ class Co Stpres •' 26% :'-v 29 20 8 18% ' 30 22% .7% ■ *28% ,28% *20 8% • - 26% 1% *28% > 21% 21% 25% *28 8% 18% 21Va Ami Bond t per 14% Apr —,5 Class B_ 1,100 Range for Previous Lowest 18% Apr - 35% 35% & Aluminum 1 Lots Highest S per share par Co Bohn 20 .'• ■ 35% Boeing Airplane 100-Share par Blumenthal &Co preferred : of par No Bloomlngdale Brothers™, . 15%#" 35 Va ' >15%;- #"15% 1% 29% *17% No Mfg Co. Co— Bliss & Laughlin Inc 500 68 *57 17% *85% 35'A 34% •VI? - 25% •-•" 1% Decker & Blaw-Knox 1,900 , Basis Lowest , 600 ■ . V 17 5% 10 16% 87 15 21% , " 26 • On Par ' 15% V Range Since January STOCK ' *8 68 16% '•>,*15 YORK EXCHANGE Shares 24% 16% for the Week • t per share 24% 16% *5 Va 12 24 16% 10% 16% : • 5% Sales Friday Sept. 25 Sept. 24 ' *55% 15% 16% *5% ••■:-'• :•;•■■■ 12 *8 • 65 15% 24 *16 5% *11% " 10% $ per share •M 17 5 : ■ 12 *9 25 Va 17 5% .*11% • *24 Thursday Sept. 23 $ per snare STOCKS , Wednesday .Sept. 'i'i f per share V PRICES SALE HIGH Tuesday Sept. 21. 1119 103 84% ^ 50 Sep Oct Mar 44% 39% Sep 16 142 Dec 148 Sep 80% July 10 78 Deo 106 Jan Sep 63% Jan 9 60 Mar Feb 25 740 July 470 15% Aug 15 10% Deo 105% Jan. 22 100% Feb 15% July 17 Dec 11 63% 740 16% 106 30% Nov July Sep Nov Jan 2 105'A Deo 114 26 12 Va Dec 20 4% Sep 22 % Dee 1% Jan 5% Sep 22 Dec 3% Aug Deo 2% 105 Jan 18% Jan 1 Mar Jan Sep 21 13% Jan 6 11 Deo Sep 21% Jan 6 11 Dec 21 5 13% Jan % Jan 11 Monday, September 28, 1942 FINANCIAL CHRONICLE THE COMMERCIAL & 1120 NEW5 YORK STOCK RECORD AND LOW Monday Saturday Sept. 21 Sept. 22 $ per share $ per snare Sept. 1!) $ per share * l'/a 34 33% 34'% 32 *29'/a 29% 12,500 2,000 31% 32 7% *7% 7% 7% 7% 7% 30% 30% 30% *30Va .30% 30% 30% % 23% 23% 23% 23 % 23% 23'% 23% 23 % 23 100% *98 *98 ± 32 ■ Iff '19% ■.fi.^2% -i-16% 16'% ; 16% 16% ioy4 '*88 28% 29 20 19% 17% 2% 10'% 9% 9% 10'% '4% 4% 4% 4% 87% 87% 87% 13% 13% 88 88 • 7% 2% °36 A *7-Ik 37 12% '12% - 2% *2% & 86% 87 ; 1 12% 12% * 24 <;■' •' 23% 6 A'A *5% *37% V 3% '38 ; . 6% 6% 6% ; ' 6 *12% 12% 12% 13% 2% 2% 2% 2% 97'% 97'% 23% -)}< Gv ' /■A 6 6 38% 3% 22%' 23% 23% 23'% *16% 17% *16% 17% *16% 9% *9% 9% 9% 9'% 34% 34% 51% *2% *% 23% 24'A 17% 17% 9% 9% 10% 92% 92% 7 *6% *10% ; ' 51 51% 49'% 50% 50 50'% 4.900 177% 177% 2% 2% *% u 11% % U 92% 92% ,;A 7 ' ■ *6'% *79 »/8 85 17% A: 700 36'A -i-A 500 12 12 y8 85% " 1,800 % 30% 69" 71 71 *9 10 *9% io .fry, 7 6% 7 30% %•' 31'A 6,800 70'A A- 600 10 31'% 69'% io <A.A'\ 80 " 6% 7% *93 95 86 97 *79 t 100 >' *95 *79 • 6% 6% *95 86 95 *79 86 ;• *79 " 2,700 ; 100 % 9 5 9VH *19 *94 97 °i« : A *94 22 : ■:. *15% 8 7% 22 *88% 92 *61 *61 ' —- 4,800 •'17% 17% 210 15% *15% 16% 22% 92 92 *"61 •- ? - - '*61 *15% 3'% 3'% 3'% *2% 'h 3'% 17% *16% 17% *16% 17% .*16'/a 17% Ota 10% 9% 10'% 97/a 10 '/a conv Apr 14 .Tan 3 2% Sep 8% Jan 77 8 % Apr 6 15 8 15% Apr 8% Apr 22,300 Corp___ — 10 94 1,800 Feb 45% Sep 2% Dec 4% Jan 17% Feb 15% Apr 9% 25 40'/a Jan .V10 A Sep 27% Nov 23% Jan 5 Deo 18% Jan 30 48 Dec 56% Sep 23% Apr 24 35% Sep 16 28'/a Dec 52% 42% Apr 17 55% Jan 9 17 177% Sep 3% Jan 159 Apr 2% May 22 preferred—— Curtis Pub Co (The) Dec 182% Jan 2% Dec Dec U July 15 4% Jan • . % Jan 19% Jan A';" 17 14 Jan 6 11 Dec Jun 15 95% Jan 5 88 Dec 107 12% Jan 2 16 July 13 10% Dec 19 Jan 1 8 Mar 17 4% Jan A/9 July 85 5% May ' Jan 5 15 Dec 27% Jan 32 Mar 27 Jan 8 38% Dec 45'% Jan 10 Apr 27 12'/a Sep 25 10 Dec 15% Jan 77 May 19 88% Jan 15 80 Dec 94 Oct Jan 3 28 Dec 47% Jan 79% Jan 2 73% Dec 98% Jan 13% Jan 14 13% Nov 14'% May 19% Feb 9 23% May 20 Jun 25 8% Jun 26 5 Jun Jun 13 74% Jan 2 36 29 88 41 1% May A* Jan 27 Feb 8 % 1401 Jun 3 72 Feb 127% Sep 85 Sep 1 41% Feb 77 Dec Dec 9 3'/a 8 Mar 14 19% Sep 12 12% Dec 16% '25 Jan 13 90 Feb 18 98 Jan 26 98 Deo 09 Dec 11 Jan 2 .% Apr 4 % Dec par 13% May 19 18% Sep 22 13% Dec 12 30 18% Jan 5 16 Dec 5% May 20 9% Jan 6 25% Jan 12 24 24 8% May 29 Curtiss-Wright ——„--A——-----1 Jun 13% Jan —1 18 Jun 24 pfd—100 80 Jan 19 92 No par 44 14 Sep ; 6% 1% 45 Jan Feb Dec 10% Sep Dec 29% Jan 80 Dec 90 Aug , 47% Mar Jan 17 56 Jun 3 42% Feb 12% Jun 22 17% Jan 14 14% Dec ,__5 Stores Corp 5% preferred———. -25 Chemical Co. (The) — —1 2% Apr 15% Jan 3% Jan 10 2% Dec 7 17% July 9 11% Jan 19 14% Dec 18 6% Apr 11% Cutler-Hammer Inc—_ —No 'i. Jan Jan 34% ? par prefened— Sep par No preferred——!—-No -i.-—— x54 8 —No par Cushman's Sons Inc 7% 1 5 Jan Apr Mar 42% 170 10% Apr 100 — Preferred-—-— 3 Jil Apr Cudahy Packing Co—-———30 Press Inc—A———^---5 $8 16'A Feb A35% 12% Jan —100 preferred—; A 6% 7 19% Jan Cuneo Class 15 Jan 51'% Jan ——-100 3,000 109% Not Dec 29 29 conv Prior Aug 45 A Mar 13 63 ■ 5 Va Dec Jan 24% Sep 23 Jan ! 16% July Aug 31 4 Apr • 21% 9 8% Jan 42 2% May July 106% 79 July 28 28 2% , 103% Jan 28 28 30% Apr Dec 30 Dec Jan Not 7% July ■ Dec 25 3 % Jail Feb II 15 • 9% 93 ! 13% Sep Feb 14 ' 96 % Jan v21% Apr 29 5% Sep 22 17 3 22 6'/a May •2% Sep 36% Sep 7 3% Dec % 29 2% Apr July A ii ii/4: Dec 5 • 2 11% July Steel of Amer__*„—No par conv Dec ? 21 May 1 % July Dec 7 13 82 No par —5 No par preferred., Preferred Jan Jan 8 , 8% July 23% 107% % 19 6% Sep Jan Jan Dec R Jan 9 Jan 103 Deo X82 1% preferred— —100 Cuba RR 6% preferred—100 Cuban-American Sugar— —100 5% •• 15 = 15% 15% 15% 22%- *88% 67 92 15% 8'% 22% 7% 8'% 22% A 2 Jan 97% Dec 7 Seal———No par preferred— conv Crucible 700 22'% *61 / % 16 15% 15% 15% 15% v- 19 8 Jan —No par 4%% *17'% 8 Va *88% 92 • *15% 800 ,100 97 % iff i« 16 22'% 22'% 22 ■ ya 16 —.-100 (The)——-2 (The)— Zellerbach 5'/a % 9'A *94 - • $5 30 A 17% 9 17% 19-% 97 *94 - 18% *18 16 7% 8 "88% 92 — *61 - % % 18% 16 • 15'% 22 22 V8 *88% 18 7% - *17% 97 '% U 18% 13 18 *94 97 > 9'A 9 ' - 13 15% 8% 8 9% 19% 97 15 15 9'% -*17% A 17% *16% 9% 19% 9% 19% % •• -*9 *18 *9% *19 *93% . 19% $2.25 86 ■' '~ ' conv Crown 280 70'A 30% 69% 4 Jan ' *85 11% 29% 10 • 36'A 85 ,85 • "'17% 29% 7 86 ' 11% 11% 84% *9 '■ *93 *■'■"■ 100 100 11'A 84'% ';•■ 69 7% 7% 11% 84 y4 10 •' 85 Crown Cork <Sc ii y. 69% *79 Crosley Corp 6% -V 6% - 36% *9 *93 600 6'% 6% 17% " 69% preferred Cream of Wheat Corp *36 7% 5% 110 6% Feb 94 . Dec 15% -A 4% 14 9 ' Jan 23% Dec May . Jan 4 18% Aug 11% 14 11 25 —25 400 7% Jan Sep 4% Jan —100 Co— 16 20 Apr Corp———A 92% *17% 10 r Crane Dec 90 —,-1 ~l Inc————— 16 17'% 29% 8,100 30% • -.25 —— — Coty Internat 92% 36% 29% Preferred Coty 16 17'% 29% ' *6% 97% Feb? 3 A Apr Feb Jan 20 Refining 92'% 36 % 84% Products 16 18 - A 77 5 Corn Exch Bank Trust Co Corn 9'% 28 24 A No par 5 50 Co series— 92% 36'% 11'/a 12% Steel pref 5% 16 *36'% *11 Conv 11% Feb 89 1 Del——— of (I 65% July Dec 22 5 — 92% 15% *17 84% 7% 6% Hi 12'% 12 y4 12 12 18% 4% May 13 $2.50 Continental Steel Corp„ 600 11. . . Oil 300 "3 ws.- , 17% 70 ' % 36% *9% :v 11% *2% 2% % 36 % *68% ' 2% % Motors Copperweld A 30 176 ' 2% 2% *92% ' 176 177% -176 178 *177 A 92% 15% *15% 15% 29% 29% 51% 2% 84% •;*83% 51'% *6% 11% 100 640 11% A 300 1,500 • 34% *16% 17% 35% A , A 37% *46 46 34% 11% ; 17% 35% 46 A 34% *15% 16 *15 47% 34% 11% \ Continental 34% *92% 12 *n% 8,600 34 *% v Continental 34% *2% 2% ]h . 2,700 2,900 34'% 176 176 177 *176 Insurance- 51% 51% a■ Diamond Fibre 34% 34% 51% Continental 3% 17% 21% Mar 25 May 20 Jan 11% July -; Dec % Jun —20 :'V|!A:- 400 38% 9% Dec 13'A 7 100 Inc„_ Can Jan 2% Nov 13 •3% July 30 -1— preferred 3% 23% A 8 % 38% *46 48 *46 48 ' *46 49 *46 23 A 3% 17 17% *9% 20 7 AA Dec 3% Jan America——-25 Corp of Continental 3,300 6% 6 - 16% Jan Continental Bak Co———No par 100 24 23% Jan 7% : 3 25 Container Oct 37% 110 % Dec % Dec 100 pfd Coal Co.:—— 6,400 : .23% 23'% 17% 6% 39 par 2.900 " Continental v 221a %■,;./, *6'% 3% No Corp—: Cuba 6 A conv 38'% 38'% *3% 3% 22% 9 150 97 23% *6 37% 38 *16% 9% SvV 3 , 6% * of RR 8 ' preferred—— 100 tConsUmers Pow $4.50 pfd—No par 5% 10 4 Consolidation 13% *96 23% 23% A,'23% 23% Oil 104% Dec Jail 78 $2 partic preferred———No par Laundries Corp—— 5 Aug Mar Dec 100 Oct 28% 31 - Dtc 19% 24 11% Apr par Consol Consolidated Dec 96 24 28% Sep 22 105% Sep Jan 7% Apr 16 '/a 9% Jan —5 Y——No N 4% May 21 '/4 ••• * 83 $5 preferred ———No par Consol Film Industries———1 Consol ' 97% of Jun 101 9% Aug 15 200 ' 3% 3% 3% 3% 11,700 . Edison Consol July 74'/4 Aug 19 prior preferred———.100 Consol Coppermines Corp—. 83 15 200 2% *96 /-. 6% % Dec 44% Jan 1% Jun 100 — Apr 12% Apr 22 800 86% 13% 2% 97 % . 38 37% 37% 500 preferred— 72 7% May 12 all Jun 26 A 5'% 85 % 86% 12% '-23% A" 5% 23% 86% 7% . Jan Nov 17% Apr 29 25 No par 7% 7% *34 36'% *34 87'% *86 88% 2% 300 , 'A " 7% 7% 7% 35% A 36'% *4% 5'% *4%' 5V4 ■■ . Co— Edison 82% 64 Aug 14 4% Dec 21% July 31 Congoleum-Nairn Inc_—^—-No par Consol Aircraft Corp—i————1 Consolidated Cigar—„No par 700 6% 7% *95 97% *5% 23 2'A 35% ' - •"'•*2'% 7 7/a 12 % 2% '2% *95 97 95 *4% *7 2% 3 6'/a 86 A 7% 7% 614 6% :-A •% *% % . 2'%. 7% ■ . 1,600 7% 36 Va 8 *36 % 87 87 ""■ 4% 4% 5 *4% 8 37 14,600 2'% ' 4%: 4 Va *7% 5,300 13% 86 4% 7'% *2,/« 6% 6% *% •'% *% 2% 6% 6% 87% ■ 7 2% 4% 13% 85% 4% 13 x86 7 7 ..70 .VA-, " % % 7% • •••■. *2 6% 6% * . 2% *7 ' 2% ; 90 '' 13% 4'% 13% 8 7'4 86% 86% %■: % • % *7% 86% 86% 87% *86 *88 90 \ 86 x4% 4% 13 88 87% :\\ 13'/« 4% 13 % 500 88% 89 4% 13% 1,100 11.000 10 Va 89% Commonwealth 2 > No par Conde Nast Pub Inc 17%, 10 Va ' 13% 6,100 29 20 % Jan share Dec 42 Va Aug 21 24% Sep 8 100% Mar 17 Highest $ per 43% • 31- 8 2 A I 8% Aug 19 2 * 91% Apr 100 No par $6 preferred series 5,400 A 16'% 17% *87'/4 * 10% 89 88'% 17% ,, 16'A 18 preferred conv Invest Trust. Jan 7 75 16% Jan Commonwealth & Southern—No par v' . 16'% Mar 16 ,24 3 6 45% Jan 1 5% Jan $4.25 conv pf Ser '35—: No par Commercial Solvents--——No par 19% *2'% 2% 51 Year l!)4l $ per share Jan 54 Sep Range for Previous Lowest 1% Jan 4 29 1 Lots Highest $ per share 14 10 - 7,600 % 28% ! 100-Sharc share Sep par 15,800 9% aV . ■16% 16'% 1614 89. 89 *87% *87% ; 89 *16 '/a 16% *10 10 92 *87% 92 16 % Comm'l 4'A% '1 preferred-^ANq par, Credit per -30% Sep Pictures^.--—par conv 3,300 9'A 7 *2'% • $2.75 •100 19% 2%" Columbia $ 100 .100 Co_.A._No Carbon 28 27% 19% 2 '/a i o y4 16% 10 19% * 2% Columbian 105 *104% (' 9%\ preferred^-..—-i Commercial aa • 5% - oi Basis Lowest.'',: par preferred series A.i„_ 2,500 Jl 1<> 9 27% 16% 16% 16'/4 io y4 * 27% 19% *2 2'% 16% :tu 28% 19% 19% *2 2% 27% 27% 19% 8% 7 27 % 27% 105'% 7Iff 33 6% - .300 28 28'% 105'% 8% % 19% •27% 27% 105'% No Columbia Gas & Elec 110 *997% 28% 9 ? Iff 2,700 23'A 23'% *104'% 110 8% 9 9 . . 28 *30% 105 *98 105 *98 28% *104% 110 9 V 9 • ,n . 100% 28 28 *104'% 110 9 ■y *98 100% 27% 27% 27% * 104% 8% 31'A 8 *7% *29% 200 > , On STOCK YORK ./■>/%" EXCHANGE,...;,, A ..A '•■•'";'' '. /;av V:;:par 120 73 '72 8 7% *23% * 1'% 35'% 72% 72% 72% *72'/a 72% 1'/« 35% 30 29% *72% Shares share per 1'% 30% n *29 % $ the Week 35% 1 Va 1% A Sept. 25 . share per 33% 72%:. 72% 73 £*72 $ $ per share *29% : 32 "29 30% '•'29 Sept. 38 , 35 33% 33% 35 *33 % ■ 1% l'/a 1% 1% 1 '/a 1'/a . Range Since January STOCKS Sept. 24 NEW Sales for Friday Thursday Wednesday Tuesday v PRICES HIGH SALE A July 20 aaa/ a' i D A)t V ■ '• *3'/a 3% *15% A 3 Va' 17% *9% *107% *15% % 22% 22% 22 22 22'% 22% 27% 27% ' 27% 27% 27% 99 27% 10 *27% 10 *9% ■ 8% 8% 8% 3% 3'% 3% 3% 41 hi *% 15% 15% 15% 15% *16 16% *16 % 21% *38% 39% *38% *8% 8% 8'A 18% 19 % 19 19 85% 85% 85'A 85'A 9% 3% 3% % , 15% 21% 21% 7/a iy8 •: ,'■• Xl5% A *39 39% • V % 2,500 Decca Records Inc—— 22% 3,300 Deere & ? fno ■ ' 39 %V 85 85 8 : ■:'■, 8%.; JDenv 2,900 ■i 85% 600 19% 1.300 900 85% *8ya i'V 8% A 200 Diamond —No No Match 36% *36 36% *21 21% *21 21% 12% 12% 12%, A *61% 62 62'A 116 •!i! 14% 116 115% *14% 14% *3% 3% 4 *9% 10 : 113% 125% 113% 113% 125 10 12% . *12% 10 ; 65% 115% ,*14% 4, 3 131% 174 *115'% 114% 115% 125'% 125% 125% 118 .:;• 27 *172'% 174 130% *172% *117 27% 3 2% - 132 133 *173 174 32 12% *11% 12% *11% 12 *11% 28 *27% 28 *27% 28 27% 11% 11% 1% 1% 1 1 *29% 11% 11'A 11% 1% *1% 1 Va 22% *44 25'% 31 *21% 45 *30% 21% *44 109% 1% partic preferred Corp-Seagr's Ltd——No par 5% pref with warrants—100 Dixie-Vortex Co— No par Class A No par Doehler Die Casting Co„-—No par Dome Mines Ltd—— No par Distil 52% 1% For 2,300 1% 3,400 28% page 1127. *59 61% 62% 3 64 *58 2 136% Dec 164% Jan 7 120% Feb 127 Dec 118 1 6 111% July 118 May 111% Mar 14 16% Apr 2% Jan 17 2 Aug 27% Jan 3% July 3 Sep 13 160 Apr 182% Jan 25 27 Dec 36% Jan 141 Jan 7 preferred—_— 100 Co———4 Edison Bros Stores Inc——2 Electric Auto-Lite (The) -5 Electric Boat— 1 3 170 Mar 28 176 Jan 26 May 16 33 Sep Xll% May 28 15 20% Jan 2 10% July 2 Jan 5% 24 cum 34 145% Apr 6% May 1% Dec 108 Eaton Manufacturing 24 120% May 9 (N J)——No par Jan Jan 21 14% Feb 17% Sep 28% Sep 13% Jan 4 17% Dec 33% Jan 5 10 Dec 17% Jan 1% Jun 2 1% Jan % Aug 32% Mar 3 26 '/a Dec 26% Feb 18 21% Dec 33 Mar 16 39% Feb 47% 107% Nov 2% Dec 2% 60 61% *62 frf 2 Jan Jan ; *58 63'% Jan 126% Jan 117 29 3,400 500 40 V57 61% )ntf 144 Apr 24 10% July 36% *110 63% R 102% May 20 120 26 A Feb 200 /ff Aug Feb 9 23% 300 61% 105 112 Jun 32% Jan 23 45% 63 July 27 10 23 45% *'/a 1 5 — Mills— 120 8 Apr 47 61% Rolling Dec Jan 15 *45 61 Eastern Airlines Inc 100 Jan Dec 6 28 8 39% Nov 45 3 1st pfd 6% 2% 20 2% Apr Feb X45 2% 20 No par ; Jan Dec 45 60 — (E I) & Co_„ $4.50 preferred 79 Jan 22 Iff preferred Du P de Nem 4% July : % 26 2 Va Jan 17% July % 32 60 23'/a 27% 25% 2 Oct May 8 *21% 60% Dec - 35% Jan 23 *31% 1% x9% 17 2 22 59% 6 27 26% 1% 13% Jun % Jan 32% 60'A. 14 17% Apr *21% 1% 23 37% No par *30% 60'A Apr Dec preferred ——No par $6 preferred-.— ——No par Elec Storage Battery —No par El Paso Natural Gas 3 Endicott Johnson Corp .—50 22% 1% 8 32% Electric Power & 400 31% *110 16% Apr 36% Aug 29 23% Aug 18 7 3,600 26% *109% 32% May 18% Nov 5,600 25% 110% May 29% 31% 110 7 Va 1 *21'/a v;, 28 25% 62 see 12/ 21% 58 footnotes 1,700 30% 55'% * 10 33 21% 56% % 174 25% 56% % 26 30% 110 Corp——— Duquesne Light 5% 25'% 55% *54 8% 31 *44 13 Jun i;300 21% 26 Feb No par 100 1 J% 29% Jan 7% July 17 Duplan 4% 10 *1'A 28% 86 Jan *11% 28% 27% Dec 6% Apr V 23 '/a 1% 27% Jan 65 9 Aug 10 Dec 28 l'/a 18 % 25 9% Feb 12% 12 y8 . 12% May 85% Sep 3 32% l'/a 21 5 15% Jan *11% 1% Jan 7 Jan 70 9 132% 11% 10 '/a Mar ,16% 13% Mar Eastman Kodak l'/a Sep No par —.1 Dresser Eastern 1% Jan Mfg Co—. Dunhill International 600 900 11% 41 141% 600 1 Dec Sep 2,500 1% 33 Dec 3:!a 11% Jan 3.9% Aug 24 59% 26% l'/a 29% ylll'/a 133% 1% Dec 6 *3 27% 21 28 3 *133 1 55% 53 27% 19 Apr 70% Jan 118 12% 27% Jan 18 124% Jan 3% 28 20% 29 500 32% 23% Dec Apr 7,000 32% Dec 12% 21 * May 21 118% *11% , Apr 16% 5 •6% Aug 24 -2 Diamond T Motor Car Co Aug 7 18% Jan Jan *33% Apr ?*) ._25 % 27 2 14 ' July 6% Aug Jan 14% Apr1 par 14 r Sep 51 125% 174 Feb 95 117% 174 Dec No par 125% 132% ' 2% 22 Aircraft———No par *115'/a 26% 0 27 l'/a Sep A Douglas 117% 3 28 4% Jan 23 Dow Chemical Co *4% *117 10% Jan Jan 1,500 125% 118 Jan 3,600 116 *173 12% , Aug 18% 2,600 -15 15 30% Dec 13 *9%: 27 27 45 *103'A 1% *51% *53 32 1% 26% 25% 25% -32 1 11% * 27 26% 32% 2% ■ Apr ■ 66% 125% 26% 27 32 130% 174 *31% " '*117 118 26% 4% 10 *115'/a 114% 32% 27% *9% 114% . *2% *130% *11% ;•-■•' 4% -A 50 600 Sep • 9% 116% 12% 116% - 14% 14% 4 10 *117 v V 116 22 66 66% .115% , 38% 22 . 12% 66 14% *9% 22 12% , 36'% 37 21% . 112% 63% 115% 63 *125'% ; 27% *2% 21% *36 36% *21% *115'% 114% 118 27 . *9% 130% *31% 109% 63 125% 3 *2% *172% 12% 62'A *125 27% *27% 130% 12% *36 21% 116; -3 ■;m U5% 115% 14% 14% 14% 4 :' 4 3% *117 118 . 36% 21% *115'% *115 Va *117 *9% *36 ' 28% 27 20 32 par - *36 Feb 27 Feb 100 -20 Raynolds. A Devoe & <6% 8% . 19'A 8% *8'/a 6% pfd—. Detroit Edison—: 39% 8% & R G West 4,300 ..*39 ' 18% Feb 2% May 21 15% A; 800 14 29 U% 7 A Jan * 2 ■•,','-' % 280 24% Jan .100 —-. 5 29 & Western——. -50 & Hudson— Delaware Lack Oct Jan 8% Jan 18% Apr Delaware Sep Sep 114 109% July 8 8% 16 25% May 12 97/a Apr 25 11,300 Jan 110 ; 4% Apr par 11,900 A 16 ,_20 No ...— 3% 15% r Mar 102 1 Co— Preferred 10'/a *%■ • 12 Deisel-Wemmer-Gilbert A,:.... -10 3% 19% 85 ;•■; 200 4 8 A Aug 100 4'A % pfd Dayton Pow & Lt 9% ; 22%' 39y4 8 a; Davison 900 21% 21% 19'% *84% 11 16% 8% 9 28 22% 8% 85%; 84% ,;/■ 8 Va 16 y2 ;•■"'■■ 8% 19 9 106% 210 16Vi % *39 39% 5,000 9% 19'% 8% *18% , *39 39% 8% 8»A 10% 22 % 15% 15 3a 21% •17% *27% 3% 16 i6%'.; *16 16% •.. Conv *16% . 10'/a •:; 10'/a: 9% Davega 8 . 28 T *8 8% *8 1'% 21% 21% 22% 10 600 10'/B : 22% 3% 15% *16 : 22% 9'% ' 3% ■■;■:■■ 3 • 106 27% ' *2% >• 8 Va 8 8'% 10 • 9 " 15% .: 16% *21% V' 10 *9% , 8% 3% 3% 108 *106 8 : y% • "8 8»% 22% *27% "V 3'A' . 108 *106 108'A 8 *9% 107% 8'% 107% *107% *7% 108 8 10 *9% 10 ■ 63% h 24,400 1,300 300 510 700 Elec & •A Feb Mus Ind Am shares— Light $7 5% preferred— Engineers Public — Service preferred $5% preferred $6 preferred Equitable Office Bldg $5 No No —No —No 100 —1 par par par par 16 2 19% Apr 24 39% Apr 27 107% Feb 16 1% Apr 17 49 111% Apr 3% Jan 11 5 28 66 Jan 30 July 27 47% Apr 25 73 Jan 5 Jan 17 % Jan 5 40 Apr 46 & Feb 21 83 4% Jan Nov 34% Aug July Sep 113 Oct 7 Jan 64% Dec 69 Dec 80% Apr 83% July Dec 89% July 74% V* Not % Jan Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4111 156 NEW YORK STOCK LOW AND HIGH SALE Saturday Monday Tuesday Sept. 1!) Sept. 11 Sept. 22 $ per $ per share 8% 8% 8% 8% STOrKS Thursday Friday Sales for Sept. 24 Sept. 25 the Week Sept. 29 NEW YORK Range Since January 1 STOCK On EXCHANGE . * per t share Shares t per share share per 8% 8% 8% 8% 8% 9 9 Vs 9% 9 9% 10,200 8% 41 Va- 8% 8% 8% 8% 9 8% 9 8% 8% 59,100 41% 1 41% 41 Va 41% 42 40% 41'/a 7,400 3% 4 42 4% 4% Va 4% 4:I8 4% -"*4% 4% *4% 4% *22% 22'% 22% 22% 22% 22% % ... 4 " *% 1 % *30% 32 *30% 20% 20% 6% *5% 71 V- . 71 *9% 71 22% . *22 22 10 1 ;*22 - • JErle RR 5% " 3% 3% < '3% *13% 137u <> *13% *76 81 »77 81 *77 81 : *8 8% *8 38% *7 12% < 12% 19 % 19% *34 *94 100 • 22% 19 22% ' 3% 3% *30% 934 *34%- 34 Va '10 • 10Va - lOVa *90 93 *16% • _ V2 < 99% ■ 34 - 10% Buffet Highest 9% Sep 24 4% Dec 9 Sep 23 2% Dec 7% Aug 32 % Jun 2 44 Jan 27 30% Dec 425/a Nov 5 l%Jan 2 5 4 '/a Corp 20 i Federal U Jan 15 Morse & Co No 34% 10 *15 Vs 6% <*38 ; : 3% 10% 23 ' X - 18 1 100 1,300 *9 Vs 9% 100 35 • 10% lOVs > 35 :< 34% 35 17% 17% 17% 17%, 90 90 90 90 90 No par No —No 9'A Jan 17 5,400 Fruehauf 90 150 b% 2% 100 Gabriel 1% 1,800 27 Va Sep Jan 6 86 Dec 97 Va Jan Jan 19 8% Dec 18 3 34% Feb 45% 12 Dec 13 Nov 18% Jan Inc Sep 11% Apr 15 1 96% Jan 15 Mar 27 ; 23 18 Apr 21 Jan 9 Mar 21 11 % Jan 5V« 1 35. 27% Mar 14 May 28 15 Sep par 5 Jun 100 40 25 25 Sep 10% Feb 13 Dec 7 Jun 35 Dec Dec 13% Jan May 32% Sep 20% Jan ' 9 30 24 12- , 9% Dec 105 Feb 36 132 Feb 2 Vs 7 Jan ~9 Jan Dec 46 3 45 May 27 1 38% Jan 3 32% May 41 24 19 Jan 3 18 Dec 23% July 10 95 Aug 4 93% Deo 99 Trailer Co .1 27 Apr 15% Apr preferred 100 85 % Apr ^_No par 1 1% Jan " 6 1 Va Jun 23 . Apr Nov 29 Co 10 Jan 25% 103 Mar Sulphur __ 33% Dec 21 12% Jan 26 134% Feb 21 17% July 14 9% Apr 28 114 Dec 3% 36% Mar 19 \ Jan 16 Va July Dec 13 May 22 Jan i 42% Dec 16% > 5 Aug 28 Sep 17% Aug 24 3 Jan 98 21% Feb 28 10 No 8% Jan Sep 105 Dec 31% May 6 May 14 10 pfd 90 102% Aug 11 39 Va Feb 3 2 14% 12%, Dec 24 1 _ preferred conv Feb 19 100 Sugar Co... Freeport 4% Dec 10 F'k'n Simon & Co Inc 7% 1.000 Apr 86 i prior Francisco 2% par ; Jart 26% July 14% par Corp.. May 19% Dec 7 20 87'/aApr27 par 100 90 4 11 29% Apr 30 ...No par 17 - 100 Mar Dec 3 par 6% 300 3,500 13% Jan No Machinery Corp 90 17% 11 Jan Mar 13 41% Jan July 30 No Foster-Wheeler 43 ■ A preferred Fair Stores 35 % > 87 45% 24% \ 8% 8% Apr 23 $7 conv preferred 6% *38-' •} Food 900 Steel conv bFcod 1,200 < 15 V8 8% 35 : - 5 % 125 15 6% 43 » 1.0% *121 15% 6 Va *38 .35 • series Stores $4.50 preferred..:..— Florence Stove Co..—.i 80 - 4% Feb 18'/s Jan 77/a Apr 21 10 (The) Follansbee 3% 32% - Co Florsheim Shoe class A 3% 34% 30 29% Apr 29 Rubber.. preferred National Flintkote Dec Dec ll7/a Apr 28 .1 Jan - > Jun 4 No par Y N 2,300 v<" 31% 125 15 Va 6% 6% First ' « 9% - i 600 3% '121 15% .% Ins Sons Co.: % 6% 16 __$2.50 Corp.; (Wm) Firestone Tire & 300 - 31% 34%-- --33% 125 98 *17%- Filenes 4,300 - Enamel Fidel Phen Fire ... 1,600 *22% f 18 Ferro preferred Dec 16% 31 76 1,500 100 *94 ■ Jun A 32 Jan 100 1 11 *9Vs • 20 • 34 3% 03/s • 10% 22% ' • *31 ■ 20 '< ■ *99 - 98 *18 .. , 3 Jan Jan 5 10% Sep Jan 30% 16 93 • 3% Dec 29 24% Jan par conv 21% 8% Jan 15 par 4%% Mar 24 Aug 8-/4 37% Jan 18 Apr No Dept Stores Dec 10 Dec 1 '29% Jan 10 Apr 8 No 600 12% *32% 43 *34% : <• < 8% 38% 11 *22%- - v -• - 34 - j.o% *94 " 22% 8% • 69% Sep 20 Federated ; Corp VA 4 IS May 28 22 5 Federal Motor Truck —- *8% "<x Jun 2 Federal-Mogul 600 - 81 38% % »"'• 100 34 ... 10 *116% 6% 8 12% No par Federal Min & Smelt Co 700 3% 14 Va *78% ; $6 preferred v 800 ; 3% . 70 6 18 24 23 277/a Apr 28 19 Jun 30 par Traction Sep 20 May 20 $2.50 Fajardo Sug Co of Pr Rico 4 % 5% Feb Apr 24 20 3 Fairbanks 9% share 4 700 22 $ per 2 Co Light & share per 3% Jan 1,000 100 $ 4% Jun 1,400 • ■ „ >74% 9% 14% 39 ; 6% 22 . 20 31% *30% 15% 90 Exchange 21% - < '99% 10% 18 10% *17% 200 Products t per share share pur Corp -32% , 81 19% 34% 98 *9 Vs 35 92 <<*90 19% - '34 Ex-Cell-O *71 -. 3% *8% ' 43 17% <;< 8% 38% *22 Vs 33s <{<-*38 >.-■ 35 < <• 8% <; 18 : •>•< 3% 125 6% 6% 43 35 17% *116% :■<;< 15% 157s 6% 35 *16% 10% • - ' 125 2,200 32% 14%- - *78% 12% 34 % ' ',*34% - -13% 38% V;- -1 9 Year 1941 Lowest par Cleaner 23% 21% -*5% : y 9% •-V 3% = 81 <-*94' 31 Va *9% 3 4 % •;- *38 -: *30 Va . 9 Va *15% <• .v:<; *3% 31%- *10 Va 3% *98% <. 18 - Vacuum Evans 200 1 - • 22 9% 19% 23 18 3% Va 98 *22.%- 19 34% 6% *94 -23 *116% 43 34% 34'% 10 Vi 9% , 15% r>% *38 100 r- 34 Va 10% *30 125 *15% *98% 34 Va *3 % ' 10Vj 116% 99% 19 • 31% *9 % 19% .*2.2% V: 19 *19% 98 74 21% • *9% 19% *94 • • , 6V4 72 ■ 9% 13% *8 - 10% . 21 Va 38% •: <•.. 12% 34 - 10% Eureka 1,800 23 Va 32% *57/s' • 72 *77 99% < -34% • < 19% 99% *99%' *10% 5% 3% 38% *7 Range for Previous Lots Highest No . 5% pref series A 4% *% 21% 13% 8% '<38% 100-Share No ... int 4% • 1 "la 4 *3% 32% 21 * 8% '.."-*38 38 *7 32% 22%'.'. • 9% 13% 38 23% * 1 *22 : 3'/a 13% . 23 Va ' -. *71% > 9% 3 % 3% ; 20% v 5% *13% of .100 common Ctfs of benef S per ' - 22% 9% 9% 32 ■ . 72 *71 Vi 71 22 % ' 9% ' 21 -*5% X 6 % *% 32 *20% > 20% •■1 4% ' ■ 1 % 23 % 4 *4% 4% 22% 42% *3% 3% *4% ' 42 42% 3% ' 32 32 20% *5% * Basis Lowest , Par 1 ' „ . ' $ per share share RECORD PRICES Wednesday , 1121 , : May Jan July Aug G *2% 2% ;*i% 1% ;ns% 9% 19 Vn 19% ; 19 2% ;' 1% *5% 5% *5 105 Va:' 1% J 2% 2% 6% 6% 5 18 Va 19 3 2% 2% 2% 7% *7 Va 7% *7 Va *83A 9% *8% 9 V4 9% *6% t; *48 52 *48 ■ 73 52 18% 2% / *2'A % 7 Class 310 t7% 600 General x26% 32'A 115% *114% 115% *114% {ft {ft 12 {ft 1% 87% 87% *87 Va 89% ' *% \i 87 87 Va *84% *77 78 125% 125% *13% 14 *1% o r 13'. 2 33s 33s 99 V2 99% *99 J V<r '24 25% <16 Va 9% 9% 59 13% 106% 14% •9% 14% *14% 11'% 11% 11% 102 101% 104 11% 4 ■! 11% 11% 4 4 14 ' r 78 ... 38 13% *125% 3% 3% '99 r> * U 88 14 13% '105 14 39 39% 125'A 125 "A 13% 3% *3% T. 13% 25% 26 16 9% 58% • 14% *14'A 11% 101% 11% *11% '100 9 Va 9% 59 59 Va 14% 11% *11% *100 102% 11% 3% 4V« 11% X« 4 *57 54% *53% 54% 12% 13'A 13 VA 13% *2% 3 *77% 11 %' 4 4 *7% 7% *28% 29 % *23% v . . 24% 3,300 V 300 20% 89 < 2% 80 2% *77% %■■ . 20% << *86% 2% : *2% * 78 78 % % . 1% •• 54% 400 13% 1,400 20%: 20% 22 , - 77% <78% 21 88% 88 Va Gen 2% *77% 4 7% 7% 7'% <: .«<■ ■ 1,800 '20\ '-v 4 6% Gillette $5 t'i 7% 7% 7% 17,900 88 Va 3 *2% 200 % % 19,400 ; $5 24% Gr *23'/a 24% *23'/a *23 Va 24'A 17% 17% 17% 17% 18 18 Va 18% 4,100 22 22 22 Vs 22 % 22 % 22% 22% 22% 22% 23% 23'A 23 Va 12,000 22% ^22% *22% *22% 23 *22% 23 *22% 23 *22% 23 *137 Va 138 *137 % 138 '137% 138 *137% 138 138 138 60 60 60 '60 75 31% 31% 31% 31% 12% 12% 12% 12% 13 *11% 11% 11 Va 11% *11% *10%- 10% *10%- 10% 10% *27% 28% *19% 2% 3% 3 85% 4 33% Feb 116 Ve July 24 112% % Jan 117 % Sep Aug Jan '<1% Nov par 1% Jan Mar 25 61 64% Apr Jan 83 Jan 3 10 16 30 Jan 2 122 Apr 10 128 Aug 31 30 par par par Oct Apr 35 Va Jan • . V 42% Jan 104 Nov 91 Sep Jan Dec 48% Jan 121 Va Dec <127% Aug :* 27% Dec 48 Mar 3 6 14 Va Aug 1 5% Jan 31 3% Sep 17 A Jan 10% Apr v Va Jan 27 4% Sep 4% Jan Dec 7% Jan 110% Nov -- & 3 Nov Va Jan 9 Dec 16% Jan 98 14% Aug 26 5 107% Jun Apr 23 3 105 Va May , 109 Va May 13 2 101 100 Sep 28% July 14 Jan 99 % Aug 25 par Jan July 29 39 Vis 3 Va Jan 10c No Jan , }30% 78% July 125 Mar . 132% 10% Mar 11 1 5 Dec 1% May 13 13 % par 38 9 102 Apr ; ' 15 131 Va Feb 29 122 % .1 — % Jun Mar 26 28% May 19% Jan No par 23 ' No par 14% Apr 28 Mar 11 8% May 27 % Jun 106% Jan X 55% Jun 13% Mar 30 20 11 % 18 Nov < % July 9 16% Apr 25 Deo 5 14 Dec 29% Jan 8 Vs Dec 11% Jan 46 Va Jan 80% 16 Dec ■ '• x. 2% 84 4 31 % 24 No par No Feb Sep 2 3 57 Va Sep May 5% 23 138% 100 138% *60 F). preferred __u.No Union > 50 ctfs No par City Steel... No par Co___—_L (W T) Iron Ore preferred No par 11% .*11 11% 11% 11% 11% 11 .11 Va 1,800 Grumman Aircraft Corp.. 2% 4,900 Guantanamo 2% 84 Va 4% 4 2874 ca CO 29% 84 28 *20 , 4Va 800 540 6% 18.600 Gulf Inc 7,700 $5 Sugar...., *20 21 '/a *20 21% *20 21 Va *31 32% *31% 33 *31% 33 *31% 33 *31 Va 33 33 33 *11% 11% *11% 11% *11% 11% *11% 11% 11% 11% 11% 200 Hall *8 Va 8% 100 Hamilton & Ohio RR_. preferred.. <54 Dec 74% 10 Dec 20% Sep 22 59 Dec 90 Jan July 27 » Feb 2 ' 5% Jan 9 Sep 3% July 22 : <> j_ 8% Jan Jan July 23 25 22 25% Feb 27. 28% Jan 27 143 Jan 14 60 Sep 23- 25 Apr 24 33% Jan 3 Aug 24 Jan ; Mar 25 Vs Jan 12% Dec 18% Nov 18% Dec 28 Va July 28 July 19% Jan 144% 135 Dec 42 Mar 54 29 Va May 36% 9% May 14% Sep Aug Dec Sep 10% Jun 11% Apr 14% Jan 10% Dec 18Va Sep 6. 3% Jan 29 48% Jan 2 85% Sep 22 2 Va Jun 3 4% Sep 24 par < 11% Aug 31 100 2 Jan Jan 23 19% Jun Jun 13% S" 5 3 18 Jan Dec 12% No par —...No 6% 6% 25 i% May 22 Jan Dec 36% Feb Nov 1 Vs 3% f Dec July 16 __.l 3% July 68 Va Dec Dec 18% Sep : 9Vs May 20 Jun Oct % 28 19 13 Jun 25 13 14< Apr 21 No par .n 8 % Aug 21 31 Mar 31 Sep 25 14% Jun 10. 2% 25: ' 4 25 Dec 89 Mar 10 Va Apr : 22% Sep 50 (The)..—.No par preferred—. Mobile < 130 5%% conv preferred..—10 21 29 Co Greyhound Corp y Nov 1 xll% - 21% 100 & West RR—- (H L) Jan Apr Sep 22% Apr 28 2% " 11% 6 Apr 25 Dec Oct 24 10 3 '• 30 < 100 11% Green Jan - Sep 1 23 ..No par Western Sugar Preferred Sep 46 Jan 2 ; 17% Dec 4 91 Sep 6 74% Dec Feb Dec 79 » Feb 27V 2 7 itf Sep 80 20 • Sep Dec 9% 13 4 ' 54 Dec 29 Jan 20 Great Green Bay s * 4% Feb 1% Jan 22% May ____No par Prop 7,500 2% 2; 10 preferred.—^ Nor Great Northern 150 75 div w 1 5 34 Vs May 79 V8 Sep .8 2 X58 4% 11 U Jan 10 % Jan par Dec 2% May July 2% Jan 60 Vs Jan 100 13 85 15 No par : 12% 4 % Jun Jun 14 Vs 60' 15 1% July 28 1 112 Dec 35 65% Jan 44 22 Mar Sep Aug Mar 17 4 2 , 6% 20 8 37% Jan Dec 102 23 5% Jan Apr 28 12% Sep par 50 Telegraph Co 13 - 4% Aug 24 x40 Va Mar 31 par 1 (B , 25 Jan . 24 -12 50 preferred 13 2% 16 110 12 4 No X12% 84 16% Jan May 21 , 21 .No par VJJ 1,700 4 5 7% Jan No par 32 Va 2% 19 Jan 101% Sep ..No par 31% 85% "79% Jan 12 5 Co 31Ts ■ 7 100 Hosiery *19% 28% 20 Corp Feb 10 Jan ; 21 28% 5 21% Apr *23% Apr 56 28 27% 24 40% Jan par 22 27% - Dec 2 Granite 2 4'4 85 <24% 30 Grand 24% 3% 5 Jan Grant 3 28 28% Jan Apr 700 500 85 Dec 13 3,300 V 600 2% 118 Apr 74 7% 7% 3% 16 Graham-Paige Motors Granby Consol M S & P. 30'/a 81% Jan No (The) Co conv 7Va 2% 127 Preferred 30 Va 3% 29 120 100 Gotham 7% 81% 22 ...No par 7% 17% 2% Dec 82 4 Vn *23% *3% 16 ..No A Rubber <fc conv 4 17 *80 2 preferred..-.....,.;—.No par No par 5% 60 17 10 V2 Mar ' • 78 17 Vs 10% 20 Goodyear Tire it Rubb..: 29% 11% 25 16% Apr per 10 preferred Co Goodrich 7% *11% 97 • Utilities Gold & Stock 400 15.400 29% 12% Feb (Atfolf) 7% 12% 73 Va Goebel Brewing Co 29% 12% 4 Sep % May 13 Brothers Gobel 7% 31% 90% Feb 71 111% Apr 29 dlv series Tire 4%V# 29% *31% 8 No $6 preferred 7% 31% 15% 100 Telephone Glidden 30% 31% Dec No par Refractories conv *7% *52 6% ; Safety Razor Gimbel *29% 60 14 preferred.. 7% *52 9% Jan No Realty it 29 3/»i 57 16 Motors Corp General 2,100 22 Va 78 4% *7% 79% 21% - 4'/s 22 % << "1% 79 78% - 2% 78 % 13 300 . - 17 *52 6% Sep par No par $0 pref opt 7% ■ 6 Va .—..No par Railway Signal—. preferred *23% , Dec No Corp preferred.— preferred 29 Va -<■ July 2 No Gen Vj': ioo 88 Va & 21% 88% 2% 40 Vb 21% 21 78 a* 1% *76 *37/s 4 ; 76 77% - *38% 1% 76 % 4 *7% 1% 400 ; 13 Va, 40% 78 <<< 20% %•< 77% 77% 89 to , 7% *7% 77%, 20 Va *1% *76 20% 77%. *2% 80 *38% 40% 54 * ' - 89 20% *86% 144 V; 28 " 33 1% 20 Va <77.-. *77% 4 4Va 53% '38% % v.- 53 '/a *53% 77 . Dec Jan General 2,000 53 % 12% 89 Dec 115 ; ■ Jan /' 7«/4 Jan 3 Gen Time Instru Corp • 38% 19% : 20% 3% £% Sep 24 121% Aug 29 Oct Sep 55 ;, 11 Public Service 90 12 4 12% *76%' 2 28 5% 104 Dec Sep Equip Corp..^ General Printing Ink 400 4% I 20% Jun 39 Vs 2 Precision 6% Apr 101 Dec No preferred..., $6 4 5 16 104 2% 100 Outdoor Adv Gen Apr 11 Jan 46% Feb 25 1.8 preferred 1,600 58% 21 3% Jan 106 —100 Foods General 102 Va *4% 20% Mar Sep 1,200 12 *57% 78 8 4 12 *100 4% s; 5% Mar , 2% July 31 j 11% A 58% Hf 3% Apr par General 4% » 5% Sep 1,250 4% '1% 53% May 1,100 57% 78 Jan 14% *4% 1% 47% 60% 56% : 22 14% - 4 Va 80 52% Jan 11 preferred Common ioo ■ 16 V4 57% i% 13 Shoe Corp .1 Gen Steel Cast $6 preferred_.No par 11% 38% 20% ■ 26 ; 4% •fr Feb 51 12 preferred $5 Gen v 80 *56% *78%: 12% July 9 Va 102% 11% 12% . Dec 59% 14% 38% H Apr 8% 9 Va 60 Va 14% .. 11% 4 9% *12% 1% Dec 6 ' • * *86% 1,200 16'A 12 Va 20% 14 2,500 *24% ,16 38% 85 2% 1 3% Jan No par Gen 106 4% 38 % 5 20 5 Cigar Inc General 30 tftf 106 12% . 600 3% s is 13% 105 1,500 102 *99'/a « *38 % 1% 14 57% *52 Va Sep 7% Apr $6 conv preferred series A_No par 600 600 4'A 53% Sep 23 . No cum 5% 1.800 14% 56 % 4 %; Dec Nov 10% Feb 3 Sep General Mills 25,500 U 16% . 120 V' <*lTf.V 2 99% 105 25% 16% 11 Va Jun 12 ' «% *24% *11% 15 2% 2% ; 17 —.5 A $4.50 400 A. 13% alt 101% 20 Mar Corp Gen Gas & Electric A 220 ' * 58 *78% 88 1:14% 3% 106% 25 % 59 Jan 35 No „_L , Bronze General ioo 81 14". « *% a 21 98 General Electric Co 3,600 132 2. 99% 3% 102 25 Va 14% 8 5 Baking.*..* preferred 7 % 5,900 : *127 • 16 13% A. 33 1 i.[ 106% 581 Apr 22 No par Transportation General Cable Corp 17,400 115% 1 • 125 Va 13% 27% *114% $8 Generai 80 *77 *1% Va 126% ,<32% 1.15%. 132.. *14% 19 27% •„ " 75 *125% 38% 14 • 19 • 32% 38 Va 125% : 75 78 *127 <*i6V«; 16% *9'A 9 Va i 59 59 A- 125% 102- *105 11 16 13 a i« *13% , 25'% ' *9% < 59 14 3% *99 78 132 37% V 32 : 2 V" 13% o *% V <:-., <•.*24 •, 16 13% iif 13% 16% 125 Va 13% 102 *105 : 106% 37% *1% 0 ji. in *127 125% >. 3% 3% , ' fir 13% '77 % 132 37% 13% *13 Vs > 77% *127 125 Va 13% 2 87 77% 13% *52% 500 32% '125% *4% 7% 32 % 37% *56% 7% 27% 37% 4 7% 26% 37% 11% 7 26% 37% *11%. 7:, 26% 129% *101% 700 26 Va 78 *% 2% 125% 129% ... 2% 125% 87% *13% 2% 125% 129% n tri 2% 125% 129% 13% 2% 125% >J15 <■76'A 1.000 125% 1 , 170 3% 18% 5,-115% 115% '114%, 115% General 5V4 119% 18% , 3,600 Amer 5% 18% 32 Gen 119% 18% 32% Dec Apr 7% 12 No par $6 preferred 3,200 ,*3% 18 Va . 1% 1% 3 8 Va Apr 50 Gen Amer Investors..: 600 38 3% '18 Va 32% 32% 5% 105 *3% 18% , 1 3 Jan 6% Apr 2% July 1 preferred conv 3% . 74'A 26% 3%% 5% 74% 26 Va May 2% Sep 2% Jan 11 5 preferred 13.9% 74'A 26% 16 Va Sep 10 Wood Industries Inc 5% 73% .26% 20 No (The) Gaylord Container Corp 119% >*18 . *5% 37% 74'A 126 Va *% 5% 400 52 *102 37 *73% *125% *84 : 5% 105 36% 74 Va 126% , 7 . *5 V4 '1C2 , 36% 119 *3% 126% 32% 5V4 119 3% .* 6 t Co 8 par preferred 5% 9% *48 , *73 73 *18 5% 120 5'A 105 36% . *2 Va • 7 5'A *102 . 30 % 3'« \ 2% 5% 105 . (Robert) ' 52 <120 Gar 1.900 7 Va . cl A (The) Inc Gamewell 390 3 3 Co Co 6% 19 *7% . Galr 9 19 lA 5 V 120v , *8 VA V/2 35% v 4 >;<, 1% 9 *102 36 *3% - *2% 9 V4 1% :<*'&%" 19 „19 2% *5 % 5% ■ 120 4 '2 ;' 9% 2% *7 Va *48 105 4% 120 4h Va 35%. ; 5 4% 120 *105 1% *8Va 19 2% 52 *103% 35% ,35 9 1% 9 % *2% " *103% , 2% *8% 1 7% 9% *48 1 Va. 19 2% ;'iV 2% 2Va *8 Va < 19 Va ;"v *8% , 54 ?43 Va *7V8 9% r 9 * 1% *8Va 7% *8% . *1% . 2% 2% •*7%. *2% 2% 29% Jan 24 1% 13 Feb Jan 3% July 55 Dec 1% Feb 4% Aug 9 Feb 23% Dec H .*8 8% *97%- 99 *7% *97 % 8% 100 8% *=99 Va 8 Va 100 *8% *97% 8% 100 11% *8 Va *97 Va 8% 100 21Va *97 Va -100 Hackensack 40 7 % 6% footnotes see page 1127. class Watch Co a 19% May 21 25 A_. 29 10 Co.: preferred & For 25 Water preferred Printing ...No 25 Feb 11 5 11 33 Jan 8% Mar 16 13 Aug 22 par 8 100 95 Apr 25 10% Feb 6 Mar 11 106% Feb 7 Jun Dec 33 Jan Feb 38 Mar 8% Dec 16% 8% Dec 15 Jan Dec 108 July 23% 33 102 Jan THE COMMERCIAL & FINANCIAL CHRONICLE 1122 Sept. 22 1 per *100 4 *3% 4 90 *83% 95 *83% *3% ■*84 7% 7% (It 7% 94 Hanna 8374 8374 *83 74 8% .*7 7a 90 />' ' Refrac .__JVo V. - 8% 10 '200 . Apr 1274 Apr par 126 X -1 1674 Jan Jan 25 % Jan 149% Feb 674 Dec 92 May 12 8% Jun 25 100% Deo Jan 3% 88 29 Jan 5*/a May 21 1 2 I per share Dec 12% 140 10 4% Feb 7 100 19 Jan 146 2 80 Hayes Industries Inc_„;„^ 20 17 Jan Highest J per share t per share 104 29 Apr 374 Mar 100 Year 1941 Lowest Highest share 98 Co $5 pfd_—..No par preferred——^—.. Hat Corp of Amer class A 6*4% preferred 200 per Par 6% 374 *674 8% *674 8% (M A) Harbison-Walk 1,600 1374 14474 ' 95 *6% 7% Lowest ; ■ 101 374 4 Shares Range for Previous Basis of 100-Share Lots On #4 share *132 144% *3% 4 *8374 EXCHANGE 13% 13% *132 144% *374 NEW YORK STOCK *100% 101 1274 1274 *130 3% 3% *10074 101 1274 13% Sales for the Week t per $ per share share per *100% 101 144% *130 144 Va *130 . *12% 13% *12% 12% 135 *100 101 *100 101 12% *130 3 S $ per shart share Sept. S i Sept. 23 Range Since January 1 Friday Sept. 25 Thursday Tuesday Sept. 21 Sept. If) t per share STOCKS HIGH SALE PRICES Wednesday LOW AND Monday Saturday Monday, September 28, 1942 Jan 101 Deo Feb ' *1 > ■ .'4 v 90 90 Va *53 *53 152 *150 *11% 12% 12% 152 59% 59% 59% 133 *130 131 Va *130 59% 674-,' 11,700 v\, *55% 1274 57 *56 152 152 1274 - 12% 12% 5974 133 37 37 Helme (G 10 " 60 1,100 W) 2 674 Feb 19 4 58 9 158 51 preferred—_-_i.___il00 cum 125 ' *36% •- 38 37% 37% 37% 92 *91 92 *91% 92 13% *91% *3674 *13 13% *13 13% *13 *14 15 *14 14 Va *14 25% 25 25 674 67a 500 14 600 >•*90% 92 91 91 >13 13 Va *13 13 *14 15% *14 15 *14 15 25 25 *2474 25 : 25 '•j'* 24% 28:% 29% *29%' *36 Va 37 -.37 38 10 3874 *2% 27 it 3% *33% 34% 6% 1374 Hires Co *1374 38 3774 3774 29 Va 28% / 38 10 10 Va 10% 1074 10% 3774 3774 3774 3774 *105 *3 3 3% 3474 33% *105 108 *3 3% 33% 34 34 *105 108 Jan 2 5 % 1,500 Houston Oil 3474 74 800 of Texas v 96 C-i_,__25 t - Jan 80% July Oct 56% Jan 115 Jan 12Va - Dec 16*/a Dec Dec 18% Aug 30% Jan Sep ' 1 5% Deo 9 Feb 9% July 30 1107% Apr 5 30% Dec 52 74 Jan Dec 39 Jan • ;.' 24 1674 Aug 115 Oct '' ^ 774 Dec 1374 Jan 44 Jan 20 36 Dec 64 Jan 106 Sep 18 100 Aug 111 Jan 24 3% Jan 14 2% Dec 5 July 2 2*/4 Apr Howe Sound 16% 132% 20 Aug 29 '-10% Jan 29 34% Feb 3 26 Va Apr 29 May 1 - Dec 1274 V 38 30 Va Apr , 100 preferred 374 34 27 • 4-N0 par Apr 38% Feb ; 3 874 Jan Household Pinance__4 10% Feb '115 22% Mar 21 108 3 , 3474 S. Jan July 1874 Jan 23 27 _12.50 96 168 13% 5 6% Jun 6 Jan 13% Sep 111% Feb Houdaille-Hershey cl A_—,~uNo par ;Class ____^j-No par 800 , 6 par Sep Dec 9974 Jun 2674 Aug 20 r Jan 'Sep 874 123% May .'1 33 % Dec x 14% July 23 • 2 _____100 Homestake Mining 300 1,100 38 38 • Mar 21 • 06 Dec 65% • 2 * 3% Dec 50% May 21 13% Jan 12% Mar 11 11 Jan Dec Jun 150 28 44 July 9 102% Jan 12 ■ 14'AJan (A)-—^ preferred— 7% 5 (-10 411'■ i (Del) Hollander &.Sons 5,000 3774 The—. Holly Sugar Corp— i *114% 29 (C E) Furnace Holland 1,400 72 Mar 13 79 Feb 1% 5 , July 13 132 9 :_10 Hinde & Dauch Paper Co—— 14% 10 *37 107 274 274 6% 13 Va *114% •3 2874 400 7 Feb • 76' 12% Feb 24 • Apr 27 30*% Mar Hershey Chocolate__j_„_«j_No par $4 conv preferred No par 13 74 38 V4 *105 34 34 92 10V4 38 *3774 107% *105 107 *105% 6% 29 37% 92 13 % 2874 29 • 10 10% 38% 25 Va *3674 25 *114% *36% 38 10% 38 % *10% 137a 29 2974 . 13% 6% 13% *113% *113% *113 . 25 6% 4 *674 14 14 14 % *13% 674 *6% 6% v;*6 J *13 Va 300 37% *36 , >. 28 10% Apr par —„No par Hercules Powder-- 6% 6 19 45 May 141% Apr ^100 Motors_w._^-^_—.--No Hercules 133 *130 Jan 93% Jan 4% May „_1 25 Preferred 600 f 1274 5974 60 *130 133 Products Corp__„___„^ 200 i 4 24 .% ■■ ■, 25 Hecker i% Jun 79% Apr —2 tHazel-Atlas Glass Co_«_ ' ! 57 152 597a *59% *130 133 6 Hayes Mfg Corpj 5,600 V';., k/:- 160 *151% 152 *11% 59% *130 174 9074 54% *150 12% *11% 12% *59 6 54 % 55 *150 54% 54% 55'/a 152 *150 1% 90% 1% 90% 574 5% 174' *90% 9074 6 V R 1% 90 90 5% 5% 1 Va 1% , 90 90 5% 5 % 5V4 *1 1% 1% 1% 8 *90 29% May k 37% Jan ' *18% •*18 18% ■i. "k *3% 4 -v.: % : :. 1674 3% *3% 374 10% 10% 1074 *8% 9% *8% *22% 23% *83 V2 84% 374 374 v: 3% 374 *374 10% 10% 10% 10% 10% 8% 874 974 *46%-. 47% 46 ' 4774 4674 .164% 164% ■ft . 7 Va 6 Ingersoll-Rand__-__— *155 104 6274 10 V4 v 62 74 107s 1074 674 *5% 2074 : 6*4 6% 137 Va 487a 4874 49 par No Corp par ._100 " Intercont'l Rubber Interlake Iron. par 16074 16174 164% 162 74 y *A£ 7% 77a 774 774 r/A 774 *73/4 8 Va 8 8V4 874 *48 49 Va 7% 162 161 159*4 i ft ' ut 8% 8%. so 274 28 133 *130% 8 8 774 27% 133 49 8% 874 : 874 8 74 874 / 4974 4974 •: Int Hydro-Elec Sys class <Int Mercantile. Marine-; 2774 2774 *128 136 874 49 Vs 2% 274 28 ■ ®1/8 8 *1% 38 *130% 42 *40 *2874 29 74 *36 Va 8 4 4 / 8 *90 274 25% 25% ' 21 *92% ,*20% 126 *1874 5474 A. 124 Va •124% *12474 18% 1874 66 V« 157 Jan 12 12% Jan No par Int Nickel of 100 : *5474 55 66% *65 *8 874 -*874 *9% 974 *974 9% 874 *9274 58% . *12474 126 > 37% 18% 18% 2 37% 374/2 37% * 166 July 9 4 *374 ,i 874 x8 : 90 Va 1 Va 9 9 . - * 133 145 - 5874 * 19% 124 Va 'v 1974 54% 66 J 8% - 55% 66 %: - 300 874 27 r f100 ;'v 145 t " *131% 874 : 8% 124 74 19% 4,100 10 125 > 1974 •- 1974 ; : *55 67 874 974 9% 55 55 *66 67 55% ' 66% 874 *9% *874 5%Vpref series-A— rprit .series; B conv! Joy* Mfjr Coi!.JJ J— 974 974 974 v m; ■ 174 38% 26 July 3174 ■ Apr 32% May • - ; Sep Jan .* Sep 73% Jun 274 Sep 48% Oct 49 * . Oct 31% Jan 49 -; Feb May 4 V» 29 29 Apr 574 Jan 95 Oct 174 Sep 21 : ? 87 Feb s : 7 Feb , 6 3274 Jan , 132 s. Jan . 8% Sep » 5 31% 243,4 Jan 3 64 ., 6 7974 Jan 61 122 20 Jan 44 -Jan ; 111% Dec 71% 128 Sep Feb ' .27% July 67. Aug Dec Oct 64% Dec 7 8% De» 3 Jan 11 14 Deo Nov v 1674 "59 3;, Jan 134% Aug 49% Dec , 17% May 20 33% Aug i 1077k Dec 85 May 4 62% Mar 4 •50% May 15 9; *126 Va Jun 16 122 ;i Jan . Dec Mar Sep Sep 9% Aug 88 ;> 8% Deo 22 33Va Jan . :?' 2674 124 20 Sep 14 ^ 10774 Jan I May 20 7% Aug 13 5% Feb 2 , Sep 374 Deo ; 12 Jan Oct 3% 9% July 30 2 .,54%' May 104 Jan, 1% Dec 21 9% Jan 95 - 18 :18%! May 15 25% Feb •; » "Aug 20 2 127 .100 ;'; 5 % 100 20 Jan Jan , •-•24%. Apr .100 400 874 5 4 , 51%. Dec 13 Feb 4% Sep 29 No par 500 yry: : - 874 4874 Feb 104 7% Apr par Laughlln Steel—-. 5 : 32 1% Dec ./ 1074 5 26 674 Jun .100 Preferred s„ 20 7 May 88% Apr. 17 - .100 Manvillei-J-!—J——No Jones* & 8,700 r *8V4 Johns: Feb 2 / 2 I : 'if.u 4 74%! preferred:—— • 5974 CoJ- 131 39 1% Jan preferred--——Jt (W B) Dec May May 20 • 94 Jev^el Tea Co Inc——--No par •' i 98 *92% "i. 125 1,200 $0 .'iarvls 900 1974 V 20 5974 " *f 20 98 ;*92»% : Interstate .Dept Stores—,—lNo. par :u..-^:..Preferred%r!._t.ui— 4-i—100*. Intertype Corp_'_i__-— -No par Island Creek: CoaL.^—_-_-^-;—-_1 800 2074 5874 126 r 7* 8% 20..:; 98 80,100 8% 26 :u._—100 ilntern'l Teiep & /Telega-—..No par< i'. Foreign-share ctfs— No par ■:-4,100 23 125 !■', ' '■•7%' preferred..^: . ' 4 "46% Jan 3a 6 100 31 July 16 2% Jan ■ 8 > Jan Nov' 7; 607s Jan 11 36% Sep 19 1574 Jan . 14 3% 834 --*8% 8% 21 V 274 Jan Sep 135 22 Mar 374 *26 *•: Sep May 92% 9 27 *26 - 7 45 71% Sep 26 104 Jan 1374 3 14 39 *8% 9274 ■,'•774 Sep par *9074 874' *9074 —1.00 4;— -15 _4„_„No Apr 28% Feb 174 Apr 25 3 Salt Deo 50 10 Apr International *374 ■/. 38 100 '*/« ; Jan July V 170 Jun 674 ' Jan 167% /. 57 19 29 preferred ; 150 9 8% Sep International^ Shoe____-u .r-LNo par International Silver_i_—... 50 374 374 12% Jan 11% Dec May - 42% Dec 19, May 25 300 38 > *101 4 374 4 300 74 Jan %: July 27 - 3 Vs * 8 3% May 29 v 5% 200 7 29% *37V4 37% -*101-X 104 '•:r 43 V'. 29 % conv: Dec 8 Inter Rys of Cent Am—__Na par ■, 5 '/<r preferred_-___J——100 k, 37 74 *40 74 29% 5% 3,800 : 2 A 36% 3774 42 29 % 104 48 *174 8 6 24 Vs Apr Co Jan Feb 140 12674 Jan International1 Paper -, 113% 4 '•'. Sep July Feb 5 Sep 27 107 '52 May Jan 7% Dec • Jan 13% Feb 24 Apr Jan 90% Dec 6 5 Canada—^>__No par /■j'' Preferred.%— 14,000 974 47% • 42 6574 55 4774 2874 27 2074 5874 *5474 *65 > 87a *174 9 ■ 8% 19 ' , Jan 161 Dec 5 23% Jan 27 • 111% Sep 63 14 674 Feb . 9% July 2974 July Dec 154 4- 7 74% Feb 14 preferred..;— —..—100 Internat'l1 Mining Corp-4-.-1—1 '4 13,000 137 *128 9 ""4574 '{•: 2 145 ._ 87a .,' V , 45% : *26 ■',' 98 18% 8 *131% - 874 58 Va 547a *8 *8% ' 3 21 *9274 : 58% : 187a *65% 98 58% 5874 *124% 8 74 *20% . a' 90 9 27 145 8% 4 j:.vi 874 8%, *2574 ..■ 374 v! 9274 -.*131% 21% *92 Va 98 5874 474 *8V4 9 • *101 474 *8% 145 8 Va 8% 8% *36% 38 *90 27%' *25% *131% 140 21 3 24 85% Jan ,.4 % 2,800 2874 287s 287a 137 42 28% 104 374 874 3774 *40 4 74. 3 Va 9274 *. *8% 9 *8% *132 4 - *8% ' 92% v *101 4 Va ,■ 3% • % •J 37J/a *36% 104 3% " 37 38 *100 %' % ,45% 7.3*174 42 29 Va • 3% *90 38 *28 7a 38 104 3% ; 37% 42 " 42 29% *36 Va 2 ' 2 7% j 45% *1% *1% 38 *40% *100% 8 Vs 45 4574 *45% •; ' 2 *28% : < r. 45% 45% 8 151 % Jan 25 A-4 Internet Min & Chenu.— : 700 50 274 274 28% V 136 1,800 ' . Jan 574 May 20 10974 Mar 16 -100 ■'f Pre! erred. 77,000 8% 8 874 49 274 274 27% 133 27 Va *128 274 2% 2% *2% / 27% 50 *48 ; '' 100 9 147 • 50 1 1074 Jan 40 1.300 874 " 21% Jan 24 Feb 20% May 29 par 380 - Dec 25 5% Apr 4 Internat'l. Harvester.!——-IVo 5,800 Deo 5 ; 3 par — 2 13% 4 111% Feb par Business Aug Aug 45% May 4% Aug 3% Sep 24 ■19 Machines-^.—-No ;Int 100 10% 24 Dec 1674 Feb 5% Apr 21 Aug 6 100% Aug 21 preferred.^—; 4% Deo 1074 Aug 29 8% May 20 6 % 5,900 - V _100 —No Co_-— Jan 74 Jan 31 Feb 20 20 ;V 1,300 6 '4 137 74 Steel Interchemical *200 7% 67a 4874 48% *774 774 par Inspiration Cons Copper 200 ,, No Sep 4% V* Nov 11% Deo 27 Insuranshares Ctfs lnc„——u.41 2,900 . 105 13774 674 *136 .Inland 700 '6 74 2174 *104 105 7 ■ 137 1074 •• '*20 74 207-4 *104 •: •" 64 Rayon—par preferred—^ 6 % 6274 *5% ■ 674 ■ 47% 47% 162 ' 'fit 100 20% 674 Apr 86 *155 *133 July 54 *84 374 Jan 21% Dec Jan 27 8 ' 164 % *163% 7 153' 86 *1974 V104 138 May *83 Va 674 ; 74 86 1074 6 74 6 Va *135 136 74 1974 Apr Industrial Jan 19% Sep 25 Mar 25 2 21 2% « 2 400 • • 21 6% Jun Indian : 23% *5% 108 7 7% 6 Va 6Va *133 138 1974 2% Jan 10% Sep RR See: ctfs series A 900 Dec 74 15% May . 2 1% Apr 13 2 Indianapolis P & L Co_4——No par Refining : 10 240 k: 1.200 9 32% 100 —1000 6 474 Apr May 13 J an Feb 21 : 2 5% Jan 13 100 Leased lines 4%-—— *22% 10 • :>.10O preferred series A- 23 Vi 62 6V4 *104 108 *6 7a 6% 6% *574- CoJ. 6-%: x23 % 62 10 Va V 20 % *19% *104 7% *6% *134% 10 574 A Jan 22% *155 63% 10% .1 *83% 86 *61 5% 20%' " 22% 2274 ;■ 4 1074 9 2 1 160 3774 s : "v*8% *155 10% 105 37 7 377/a 2 par Illinois Central RR 1% 5% Aug 31 2 17 374 Jan 3,800 Deo ' . tHupp Motor Car Corp., 13,200 19% 374 *83% 5% *19% 3774 7% 19% 8% 84% 10% *104 ; 37% ••v: 774 Jan 2 A 1% Aug 31 2 16% Apr ^preferred--,—100 Hud Bay Min & Sin Ltd__».iNo par 3,200 774 18 ,. % Jan 100 Hudson Motor Car -3,700 19 74 30 7% 7% 1774 37% 474 4V4 74 •' 10% 61 Va 10% 7%' 17% 36% 2274 61 Va *5% 1« k ■; 474 5 '2,000 " %' . & -Manhattan.-^ Hudson 200 :> 47% 18% •18% - *3% *155 : 111 . *10% 23 84% 3 *4 74 474 18%, 4' 1% '.■■if-'-. 8% 9 *22% 17 *36% 37 io % *4%. 18 % '•! 7%' .v.7% *3% 61% *18 474 18% *4% , *1 1% 1% y'V'i 374 •''■/4 7 Va *36 V4 *60% 4 74 18% 1674 *16%' *155 % % 36% 36% 4 374 ■ 7 • . 16% *1 1 18 18% ; ■? ta 7 Va 7 *16% * 474' ' J--').- 37a 'if 1 1V4 .. *4V4 4% *4'% . *1 1 1 ' 1 8674 July' 14 Sep' K 9% . *122 *23% 2474 *674 574 574 774 ■V* 8774. *1074 8774 89 *11% 12% *574 574 *574 10274 10274 29% 2974 26 Va 574 2474 *122 : > 10% *11% 1174 6% 574 *102% 10374 10274 29 Va 2974 *11 . -*.103 , , 29 74' 10274:. ;i, '■:i 2974 26 Va *10074 29 .'•: *y *14% 14% *14% 14% • *2574 ft 11% 574 r 26% *2574 2 6 7-4 f . : •*14% *257'i 8574 11% 110 11% 6 -5% 2674 0 v,.".57'k ;/••. .'6; •'/ 2674 I: 1174 *102 1174 6 *80 .11% • V 1174 7 89) .'*1174 1174 *102V ■V 574. 103% *10074 10374 29% 29% 30% 6 - *100% 30 Va : ;>x,,100 30 103% 3074 J.J. 14% *14% 1474 *14 28% 26-74 *2574 27 100 1474 26% 12. ' *174 2 :: 2 .*174 *1% 2 2 2 2 ' 2 2 34 3574 35 Va 35 74 35% *3474 35% 19 % 19% 19 74 1974 19% 19 74 19% 1974 1974 19 % *2% 3% *2% 3% 274 274 *2% 3% *274 3% 2274 22% 2274 22% 2274 2274 22 74 2274 2274 2274 2274 25% 2574 ,! *2574 2674 26%. 26% 26% 2674 2674 2674 34 34 *1174 12 32% 33 *1574 1074 1074 *31 16 74 7*1174 32% 15% 15% 32% *1574 12 *35 ; / *11 32 74 16 33 % 12 33% *11% 33 Va *19 *1574 16 *1574 16 1074 *10 11% *10 11% *10% 11% *10Va 11% *2374 24% *24 2474 *24 19% 19 19 *1974 107% 107 74 103 108 *107% *2% 2% 274 274 *1V8 1% 17 a 174 1374 1374 1374 137a 2174 2174 21 2174 274 1 1374 21 19 Va 109 3 174 14% 2174 19% *107% 24 Vs 19 Va 109 24 V8 20 s10774 24 500 3474 10V4 19% *2% 3% Va 20 22 7s 3: "2 ,000 20%', 26% 2% 1 21% 3 IVS 1 4 Va 3 Vs 1 % 14 374 IVs 14 7s •; '•(■ '3,; I 000 *33 % 1174 353 2 ,100 V ■' 1574 11 Va 100 2474 700 2474 21 108% 21 108% 3 1% 14 3 ^Laclede Gas Lt Co St Louis—-100 ), preferred!—100 -Lambert Co (The>-—i .No par .1,100 ? 600 310 3,600 1% 2,500 1474 4,600 (S S): Co.-—1_——J-—-10 Stores—-1 Kress (S H) • & Co_!!-——No par Kroger Grocery No par 60 *10% v'$5,prior preferred—No par Kr6sge Kresge Dept 140 " 1374 • 100 > 1574 109 Kehnecott'Copper!!——!!—!No par -Keystone Steel .& W Co—-—No par ? Kimberly-Clark—J—-—3-NO par Kinney (G R)' Co—!————-I - Bryant!!—!!!—!-!—No par Tire——'——!-—-5 Lehigh; Portland Cement—! 25 : 4% convpreferred———!—100 ILehigh Valley RR— ———50 Lehigh Valley Coal —-No par 6% conv preferred .-50 .'Lane -Lee Rubber & (The)— -1 Corp——1—^--5 2174 x21 *13 74 13 7a *1374 1374 *13 74 14 *13% 1374 *13% 1374 13 Va 13% 100 Lehn & Fink Prod *22 2274 22% 22% 2274 22 74 *22 22 Vs 22 V# 22 % *21% 2174 500 Lerner 26 25% 26 25 25% 24% 25 74 25 % 2574 4% 474 4% 4 Vs 4% 26 4% 4 74 For footnotes 4 Vs see 4% page 1127. 4% 213/« 2134 2b 474 21% 4,400 2674 6,200 4% 5,000 Lehman Corp Stores Corp—!No Libbey Owens Ford Gl_ Libby McNeill & Libby par —No par ; 7 i 6 27. 3; May 26 Apr IT May 18 •102 24 0 May 6 2674 Jun -2 , 1 174 Jan 30% Sep 17 ' 19% May 22% Apr 4 7% Apr 29 24 11% Jan 2 874 Mar 17 15% Apr 15 18% May 29 274 ■ 3 5 9 3% Jan 23 • 3 2274 Aug / 1474 Aug 104 V* Jan Dec 98% Dec Dec 3, Dec Dec 274 Mar 3974 July k."' 1474 July : 38 .3 Jan 374 July 40 Va July 23% Feb 21 26 Vk Sep 574 ' Feb Sep 29% Jan 5 :24 :. Feb 2874 Aug 2974 Jan 17% 13 May 39% May 8 8-' 163/» Aug 24 1074 Aug 24r 2474 Sep 23% Jan 25 9 4 113 Jan 16- 2 4 Jan 26 t 5% Feb -17% Jan 45 Va July 10% Dec 14 Va Jan 7 .13 Sep Sep Aug 14% Dec 19 Va Apr 26 74 Oct 107% Dec 116 Va Jan 174 Jan 174 Jan 20 % Feb 15% Aug 18 2% Feb 1774 Apr 17 21% Aug 19 117s Apr 24 18 Apr 29 20% Jan 5 xl9 Dec . Jan 8% Jan .106 Dec 174 Aug x22% Mar Jun 12 18 Feb ; ii% \ 25 ' 1121% Apr 2 Aug Mar 0 Dec 7/s May 25 7 8% Jan 4 »: Jan 27 7 21% Apr 104 2274 Jan ; ■ Jan Aug Dec 7 :3074 '• 1274 6 j Dec Mar 3 4% Deo 3 10! ; 3 V 121% Mar 974 Dec 20 37% Jan; 274 Feb 95 : 7. 40% Feb " 5 15 29 7% Apr 29 > Jan A Mar 31 2 Vs Jun 1274 Mar 10 v 3 8% 12 1474 Sep .1174 Apr : 9 24% Jun 25 9% 100 24 'Sep Deo 13% 5 13. 105% Jan 100 ' 2 25 11% 'Sep 7 r 474 Jan Sep Dec *116% JUn 24 11% Feb " .10% Apr 474 9 Sep 100% Jan ' 7 :3Jan : 974 July 120% Mar ' 3: 2 93% July 23 Kendall Co $5 pt.pfd A-_!„No par '•'< 200 34% 3 1174 12 33% 24 74 1074 *24 • 200 2 Vs 6 Keisey Hayes Wlfl conv cl A—1 ;• Class B—„!_— _1 500 3 12% 16 .85 10 Mar 17 274 Jan preferred!!!:— KaVser- (JJ & Co_u-L.!———!—5 Keftli-Albee-Orpheum preferred-100 '• ___ Feb 117 5 %<cdnv ■ 1 ,400 3,.. 40 110 7 12 6 7 J- 5 Kaufmahn Dept Stores—_1„i——1 100 *774';.'774 88 110 ' ' 77k V *80 10 i£.Kan City P-&.L pf ser B No par 16,000 Kansas City Southern-^—.—No par 1,900 / '•;•'•• 4■%; preferred-—. —i.!-,—— -100 Kalamazoo Stove & Furn— 400 kJJk;./ *122 . 7% 8574 > 5% 12 26% 774 10% "574 25% 7% 87 Va *10274: 110 *122.. 574 24% *7 ; : t; 5% *8574 1074 110 *11% 1474 V 87% *1074 *102 110 *14 74 >3 574 - *2374,,. 24Va *674 7 Va 1074 *102 974 #199 *122 574 . 2774 July 5% Aug 2 % July 14% 24% 14% Aug 31 1174 Dec 14% 22% Sep 15 18% Dec 27% 26% Sep 8 19% Dec 5% Jan 20 3% Dec Sep Sept Nov Sep 4574 Jan 7% Jan Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4111 156 NEW YORK STOCK ■ - . - RECORD ' • . . J) . LOW AND Monday Sept. 2^ Sept. 1!) f per share share *28 28% *55 57 *58% 174. *28 55 "28 *55% 58% "28 "173 - 58% T- ! Range Since January 1 STOCK On 900 ' ■■■ % Series B___ ■t Preferred 5 22% f '26 *24% *32 22% ; *22 V4 .; 24'A 24% *24% ■'•■■,.32 32% *32 ',•'*11% ; 32% 22 3i "22% 12 22% •25% 25 25 32 32% ' 22% 22% '* 22% ; • 25% h:;;t •A' 32 32 26%rv- : 32% >> > 26% «• ' 26 '/a - 32% V 3 .2 Va - < r 4 ' *11% ...12 V *14 •14 %.:'•: 12 ,. 14' i 14" "12 12 *134A .' 14 VVV *-22% >22% <• 600 "13% 12% - 1,100 > Lima Locomotive Wks: 1,700 ; - Link Belt Co—i 12%, - • 18% 43 35% 19 y# >:187A 19,% 19% ::v 19% 42% 42%- V 42% 43 VB 42% 35% ' 35% X; 35 35% 35 ':•-*3% 3% ■ 35% , 17% • 17% *14% /. 59% 59% \L\ ■■" ■ V *58 14% *14% 59% : 15% •M5%'v ' "14% ..14% 59% 59% 15% "142 : 59% I 59% 59% •1.5% 145 "142. V 14% 414% v yi4%'> 14% ' - v-15% I5%:;r: 145 - ; 60 . ;. v •;;. 1. ; ' 17 V# *124 -• ; ; 129 *28% *19% * 20 11 11 3% 13 ::••; *124 29 4 Ve f 18 i V 129 29 Va > 19% 20 r'"* '. 11 22% 21% 3% 3% ;•■■; 3% 3% . 13 '> > > . *10% 6- *12% 3 97/u "5% 13% 97/# *8?u 20 Va #3Va >. 3% 1: . 9 Vu 20% 1 '•••; lb 'V- H " 9% 9V# 20.% 19% 9V8 9 3% "3% 3% 26% 26% 26% *19% VI 24% 20 'A 19% 19% 10% 23% 23% 3% 4Va 5 6 3% 4 5 % 6 * :f. % 4*12% 13% 13% >;!% 1% r ■ ■ 24 3 2% 10 39% "1% 38% 13% 9 V4 ■ 1% 1% *1% 13% 13% 87 11% 3% V *19 19% ■A 7% "32% 12% 11% '.11% V Sugar Mandel 12% 200 ■* 2,200 8,700 •4 12% 12% 12 12% *104 108 Va *6>A 6% 6% .'65% •>' 65%%" > 62 *60 25 26 Y 27'% 6% V';5%- 18'% I "105%; 107H *57% '*108% -4*1% 29% * "34% ; 30 . ; 4 ;■ . 17% 4; *13'% ; 13% 5% 5% 4 ;> *7 . 159% i ' . 3?« : > 30% / :i. •25 ,-• > 3?u 67 12% ,*164 Va 165 Va > *136% 138% > «. >,.*14%. 67% - r, *164'A ".136% 15 15 *30 32 *30 13A 48 4 Deo Jan Jan 22 Sep 74% 7 Nov 6% 200 ; ; 4100 • 4V4 % 76% *118 Va 109 36%; 122 30 > 13%. ,• •:■•;•■ • 14% 165 - 136% •• 12% 165 48 4 *2% 2?'u 7 *6% 7% *7% ' 1127. *2% 2?/o ... 7 8 25 : 173a 2 13 Va Aug 28 109 May 20 9% Dec 103 15% Sep Sep 11 7 % Jan 1 14 5% Dec 8% Sep 5 101% Apr 109% Jan 7 5 Dec 108 Jan 7% May 77' Dec 110 Nov 9% July 2 Mar 24 70% Mar 72 Feb » 54 32 . Jan :2 27 % May 33% Oct 3 82 Dec July 71 f Aug 5y8 Mar 23 3 Va Feb 6Ve Dec v 26% Mar 24 21% Feb 29% Sep ; 31- 24 14 Feb 30% 30 Va Jan 16 24 Dec 37 7 Ve Jan 14 Apr 15 28 Apr. v 17 Jan llVa Jan 49 May ' : 108% Sep 24 105% T% 38% 125 Dec •' 1 V Mar 4 52 3% Sep % . 1 24 112 ■ 15% Oct Dec .* Sep.i8 -12% Dec 7 77 Feb 10 112 ■' Mar Mar -16 115 Mar 123 108% Oct 1 July 3% Aug V Jan 6 Jan 79% July Feb 16 110% Jan Jan Oct 4% 91 119 Jan 45% Dec 9% Jan v 117% Feb 17% 94 118% Aug Sep Sep Aug Jun 113% Oct '24%* Dec 39Va Jan 42 Ve Mar 12 35 Va Dec 43% Jan 29% Mar 25 ; 21 Ve Dec 30 Va Aug 31% Jun 1 4 9% Sep 5% Dec 12 Jan 30 9% Dec 17% Jan 20 18%\May 24 Va 3% Jan ' 25 12% Jan 25% Jan Vi 20 63 : 7 <0, - Feb l9/4 Jan 6 3% Jan 2 16% May 27 > Dec 4% July / 46 74 July 4 9% 5% 6 61?) 4% Sep 8% Jan 51% Jan 19% Dec Nov 16 Jan 20 39% Feb 7 5% 2 1%/ Dec > -.4 15% Aug 69% Jan 109% Sep 2 / \ Dec 110% July 20 3 Va Jan 13 Jan 17% July Dec Nov 12% Aug 17 % Sep 23 18 30 Va Jun. Dec 86 34 24 67 2 - : Apr Jan 9% Mar 17 14 Sep i 8v 4% Jan- 13 - Dec ' 47 ' 107 % Apr 19 6 2& 23% Jan May 15 50 Sep 4% 102% July 14 . Apr 28 -\7,- Jan 2 1% Jan 2 12% Feb 27 May Sep 17 15% July 23: 6V4 Jan? 2 preferred-—i—_——L100 A -4% 12% •>: * *136% 15 48 *52 56% 1 % -14% 32 •;. 48 %. 4 Vu 52% 56% : ; .v?-4%=>;- 4% 07 : -.13 Va *136% 15 Va 100 10 Va V: 53 V "■ 4%. 10 Vu 53 6% conv National f 400 f > 300 ;; " 1,600' ' 5,700 / 800* r 6,700 ( 1,200 : 900 V 4,300 r 7% '. preferred— Aviation , 13 f. 140 preferred—i— i—10 Nat Distillers Prod———^—Nopar 300 f 27,700 f V Nat Enam & National Gypsum Co—— 301 y : 200 .• '20 •; Co par 1 $4.50 conv preferred_i——No National Lead 5,900 ' r Stamping—--No : par 1 Dec 200 ; 1 7,500, National Power & Lt r 1,600 " 4% ? 10 Va .-53 54 *53 2.800 , : *2% .,*6% ; 8 Ve 2Ve 7 8 Va : 900 57 V . ,; Jan. 2 Sep 16y Apr 30; Jan 9 May 1 Jan ,2 15 5Va '17 % • Feb 26 Sep •i 4% Jan ,72' Mar 16% Jan 700 - 10 • 800 50Q 2,100 National Oil Products Co par: : -4 *—..No: par• Jan Jan 12% $2 conv preferred •' , Corp——xY——25 National Supply (The) Pa —10 5%% 6%.. —40 prior preferred—; prior Natomas Co 4 ( 9^8 Jun 10; - — 45% May 22 51 »; May 19 .No par - -100 .jl—-100 preferred National Tea Co Nchi Corp May 14 v: . 2% Mar 30 6% Apr 28 No par No par r 5% Mar 7 9% ; 12% ■ Dec Jan .16% Jun 3% Apr 14% July •11 Sep Sep 8 7Va - Feb 10 Ve ; Apr 25% Sep Sep 20?;8 Sep '.' 3% Dec .58% Dec .17 : 17% Jan 93% Jan 19'A Sep 160% Dec 176 Jan Nov 154 Jan Dec 24 Ju„ Feb 36 14 Ve 26 20 . Dec 8% , 138 Mar 17, Jan .• 12 % 12 35 43% May 28 17% Jan Dec - V/g: Dec 7 3% Jan Dec 10 x 29;; lVa Apr. 16 Dec 3% :■ Dec Jan , Sep 175% ,11 Jan : Jan 1 3 146 2 9 11 18'A 5, ; 168-; 13% July Jan 7%'Jan Dec 15 Mar 17 :;29% Apr 28 Sep 23% : 160% May 9% Aug 21 25% Aug 22 ; Dec 23 Va 6%- Dec 17 May" 6 ■ 5 Vu 15% Aug 25 /16 Vz Apr Dec 13% ; 25y 5% Sep Dec 2% 5% July Jan > .6 Jan Dec Dec ■ 13% :. 6 19 14 9 Vu Jan 25 129 Jan 166% Jan Apr, 24; Mar 17 8% Jan 1% 14% 5 18: Jan 54 V* Jun - 9 7% Jun 11 16' , 2 3% Apr 28; 60 / 145 National-Steel *10'% :% x :'v 3 - >' 49% > 48 Va 33A Jan -100 Nat Mall & St'l Cast Co—1.N0 1,100 32 i?u" :2 32 5 ly .12'/« Apr: 23 ^.100 v V 5 llT/e Apr —10 —— 7% preferred Av—,—^ G?c preferred B May May 11 6% .'■12% 4% 8% V; 17% : :14% Nat Dairy Products—^^.—.Na par National Dept Stores_w—i—No par 6% 24% Feb ; 24> f f 6% May 18; -100 preferred—v—: Apr Y; ? 5% Jan 10 —10 Nat Bond & Share Corp.,±~No par ;National Can Corp —10 Nat. Cash Register———2—No par : National? Cylinder Gas Co_i.——l . 3 ; Corp-v———5 Biscuit Co—,'—- 3 Vu July 14 6Vu Aug 22 ; 13% May 26 1 " c 139 4 %•* ' v > Acme. Co National 15%> 15 >/2 * ' 32:..-- '- ,; 48% 43e —1 100 Nat Automotive Fibres Inc 7,900 V 67% ( •* t;vV....13 .;]* 13 Ve Pr.* 1651:165 138 1% ' n7« >-48 Va 4Vg 10 16 69%;,;-:,. 164 ('•*. 172 ^ ■ 32 1% ?-•, - 57/e -—5 National *9 Va Yr 9% V25Va'-: 25% .Nopar ' " >5.^8 Y; 9% Liquidating Co 3,300 ■ 17%' 15.Ve*" 15% >; Nabco Nash-Kelvinator 'Corp_i.>— Nash Chatt & St. Louis— r 159 \' ' . 7%; %^;25%-;;5- *67% 12% : 15,Va 4% *30 4 57 9% 67 *14% - 10 52% v 172 4 Vu 52% Sep 66 $7 preferred 1,300 *14%v 14% ( 0-; 5% >?■ 5%n>. 9% 138 10% *54 *6? 12% 1% 10% 5 '162% 14% 48 .V5% "136% - 32 -1% 37% 110' : ,,-1 2,300 • '*4%?' ;;4-%:„;: 15%^"15%5(,^ 3%. 67 136% 14% 7 3% 67 23A page 15 ;;• : V ";'T%'>;>; ; ;25V«,. ?5%„ *14%: 15% 14% 07 7 see 7 %-;'••;; 4% 17%; ' 25% ■ ;> V, 17 *9 Ve 2% footnotes "4 14 4Va - *5% 12% - "i4 4%; 17 5% 3% ; 57 a 158 9% • 160 > *M " -15 Va 25 r 7-%%.' '7% Y:-j5%>r:15% • 5% 7 10'A 7% :77 7 July Dec 24 Va Apr >■ v Murray Corp of America,—. 10 Myers (F E) & Bro -No par 13,400 ;• , •156 4% 15, 53 7% 15 16% 7 400 •• ;-7%r-. 7 Va ' ;V 4% -• ' *9% 4 Ve *52% 14 3- -6V«f 23 23 16%>17 % ( >•3%; .3?u; *7 ••;•, •7% *30 e ''"3 15 Vu 156 •>■ 158 - Nov .26% 20 Va Aug 2T ' 2 Sep: 11 4%% Jan Aug ' 7% 14% ;; 1? *55 : 3,500 3% *7 7% 15 -f; 57 5%- -;-5% f, *33% -35'441 6 16?'H 165 :-••>- *55% 100 25% 16 34% 9% Apr 23 600 Dec Jun May 11 J ■ 200 16% 3% . ; >; i_; ; No par Munsingwear In©—„——No par Murphy Co (Q O^—.—.^LiNo par < 13% 16 9 Ve Mullins'Mfg Co class Bi.—'<■ 310 23 %> 16% 136% 4% 1,600 109 Vu Dec >115 May 1 preferred: series-C—-—No- par 102 % Apr 28 VMontg Ward So Go Inc—.—No- par 4: 23"% Apr 24Morrell (J) & Co,——No par 36 Aug 26; >" 5656 - Dec Feb 6 par Mueller Brass Co_,-___— May 12% 103% 28 $4 600 14 Va 6 6 Feb '"■>7; 8% par • Dec Jan 8 >12% Mar 12 Motor Products Corpj—-—No par Motor -Wheel Corp,—'. —5 >' 8 Jan 107 Dec 3 5 Morris St Essex_iJ,—,L_—,-50 * 48, *10 22 •••• 90 Apr 21 -10 - 200 ' 6 *23' .12% 10 - Co 3,300 ' 3% 5% 3% 53 13,000 36 Chemical 28 Sep 2% 28 20 Power preferred—-J—.——No 56% 15%' Dec Aug wlOO ,•» 103 V2 Jan Preferred series B-U-i——No ;? 30 %V 31 4*33 P& v.; $4.50 Dec Aug 22V4Jun 24 10- 1,310 -9% * . 120 1 •:'>.i2 *21% Monsanto 3# 20 118 Va 1119% : - Y Mission 500 «"-. —4 l3%r>13% X *56 '•:.-57%:i;> >109% 109% *2?e 32 48 '76 • 4l09ry:109,"?' *33 >•■>•38"** v • 15% V 13A ll9% •30V4;30 : 36. > 25 >A • ,76 ♦ Dec 1 Sep 176 20 4Va Jan —. 4 115%, 115% -*108%' 109 '30% *33 - *118 Va - 109 . 76 Va --"^115 %vll6 116% Jun 40'/8 6 Sep 31% 17 Sep 17 20% Jun 27 Corp—-! —10 8,200 ; Mo-Kan-Texas RR L..Na par 24.100 V 7% preferred series A ; 5.100 ; 600 •Mohawk Carpet Mills— ^—.—20 15% £15% - 28 Apr ,-100 »xl07% May 19 Impl 1 > 1% May 21 $6.50 preferred-—.•*—Nonpar-:X' 57'/a Jun 26 > • 700 3%;:';<3% ;•■ i 9% , % 200 ll%;vn% *4 * *'V'% 7 2r Mar 1 preferred series C Moline 171 108% Jan 16 Ve May 18 Minn Jan 90 Ve Jan 88 Vt Apr 30 V 35 Va Janv 2 11143 Jan 25 5Va Jun —_5 ; 4 4%> conv pfd series B_; .28 Va Sep Prod————No par v Sep May Jan 8% cum 1st preferred— 1100 Minn-Honeywell Regu__ No; par > Jan <17% -19 12 101 ■<. : 11% Dec Jan 114 9%- Jan —5 Petroleum—' Dec Sep 6 28 -t —50 ;— Jan 6% Jan ' 1,500 i 4* 11% Co 5 'A 12% Mar 14 —1 Copper.^—-;— Midland Steel 180 f ? Machine 1% May Dec Dec 2 9'I Co—i—No par Min Trans & Jan . 3% 10 May 12 99% Aug 21 ; Sep aL 2% s 32% 18 7 i 16% Dec Jun. Aug 1st: preferred^— Apr 3% 46% Jan 1% Sep 76 65 (The) Aug 12% 11 J,- ;60 Co Dec 7% X20% 176 Apr 29 IV4 Jan 5 A..i.—No par conv 4% Dec 6 Va Jan • 6 S6 preferred series Feb 26Ve Jan 31 100 — 1% Dec —1 ............. 4Mid-Continent 1,800 '■ 1 July Dec Dec 5V# 10% Sep 12% Jan • > 8 Miami •1,100 5 31 19% ; May Apr ;-Mesta 4 100 31 Aug 24 Va Jan Merch 300 1% Jan 3% Jan Sep 14% 21% 6 5% 1,700 26 29% 24 Va Jan 94 Mengel i 163b Jan Dec 29 Va Jan 100 • 10,500 ? *4. 15%.;i5%;"-i *115% 1 15 Jan 'Feb 11 '•,27% Feb $5.50 pfd ser B w w ......No par Melville Shoe Corp—j L 1 280 : 30 6 V* Jan Jan 138 35% 1 Aug 31 18 preferred 4 No par 4 f 5,000 >; Corp : 1.200 5% :-'•- 5% ;' *109 - 11% 76 • ' i conv Mead 50 . 28 4% Jan 1 31% Dec Apr 19 Va July 28 162 Apr 20 5 Co 17 V4 -27% Jan par McKesson & Robbins Inc. Stores 5 22 2 19 .....No par preferred— 23% 22% May I McLellan 19 13% Sep: 24.; Mclntyre Porcupine Mines,. *105Va' 107; --*2% 4. -2% 7 10 For : 300 • '*57.-4:?. ' 60 >4 v 15% *52 *7% McGraw-Hill Pub Co. 5J/4% 6% .4.19 % 4 20 2% •• 67% >,12% *143e 4 Sep 19% ' Feb X32 4 3Vb Sep- 100 t Nv46%4.47 P'l j preferred conv 2,300 6% -16%--16% 5% 9% .. .■(. 48 19 162 Dec 13% Jan 4 4% Jan par McGraw Elec Co— 6,800 3% 30% *33 , 4% 15 Vu 37H.V: *1% •2, - >*15% 109. 17 *6?e ■ ', 15'A 12% 15 60 21% Jan 2 par preferred——No • - .14% *4% ;. 25 Vu • • 2 - 8% Apr 17* 17V4May20 " > —10 ...No 2,500 *27 Va 28% 44 5%;^5%; 4 •47 ii! 76. " *65% 15% 122 7% 17 97/u • Dec 27 % Mar 27 No par I May 2% Jun Stores Corp___ ——L—1 McCrory Stores Corp— 1 : 30% :.-31-4% 58%; 12 - 159 V# 5% V: *14% 12% 108 5-. > 100.4 109Ill % ' • 116% 8 :• •: *14. •• 4% .25% % *118 Va 15% y- ,*155 v - 17 5% 11% ..*75% 16% 3?u 15 vl4%'^7% *56% "115% . 23 .7% . as:- *9-% * - - - U% ■■.-1:2%.;, 13%' 6-- *3% V. Y 73/4- V 7 Vu IV* -15% ,15% .-. 111 - 58% . 3% 16% 16% > -.2 35 23 *7 "67,« Dec 12 11% May 18* —100 ;— May 5 —„1 No 1,100 33% *26 '•'•>••27% a *105%-107 - ' 5V4 >.*3:34.; 23 17 *108% - - 13% 5% *4% V 2 107. 56 - ' 2% *2?« *14 *105% 12 109 Ve 6 15 8l Oct 45% July 3% Dec Jan 12% Sep 39% ' Jan 2% May 22 par — Wks preferred cum 20 -NO' par - Alkali par •—1 ...No 300 7 , $3 ; McCall 101% •.'.=•> 1.9% 99% 9% *13Va *22% • 111 i 19-:-: 57 3 ■ ' v Corp— 900 16% 46 %J 4614 ,, ' "SfVa 5?u *155 13% 142% 31% Dec ■ 35% Jan 131 - 10!4 Aug 25V 5 Co_— preferred 6% •-.:.*58'%'y 61: ,?'.•■■•> >•; 23% 23% v ' • 31 16-% 19 4 45% 61 *- 27:% 5% 4 5% 99% -i 99%- < - *108% ' *108% 35 4 1,300 ; *64% 5 66"' 27% V ' 22% *51 *2?u -ii 1,300 " *6 % : -5% '-< •.. - 30% 12 56 Va 109% *16% ; ■£ par Co—...—.No L) Corpi^--: S6 1st : y'; •» y-Y 26% V 26% ^ 17% ; *11% .* 55 "33 107 *15% 429% .30%; 36% *33'/4 9 Vu *51 *5%-;: 5% - - . 16% *18% 4 45% 11% -76,;>. 2Va 7 22% 108% 16% -" 58% 5%.' ' 5%; 58% ..,76; 12 *55 "28 66 " • *118% 122 '•109 4 109 16% 8% ; 11% 6% v 23„- >23% 30 Va *27Va 18 Va 100 2 s 26% 29% 5 Va-" *108% *115%, 116'% 36 Va 16?u *11% 26% 16Va ' 45 % 15% 77 109 - 20 *96% 6% ^ *64 Va >. : 5% K "99 % 2 2% 4 .15% 121 '• 23% Jan —1 Maytag Co— > 103 12% '104 6V4 23% 5% :.E 5% 27% ••'"; 18% 59 Va 11%" % ' "115% .117;v *108% 60 29 27% *105 Va t *11%: 'v.; •% •15% ; 15% - 12 Va - •' 12a-J • 33% 101% 23% 5% 4;: 16 110% *'584 V s '4 2% 4 2% "75%. >1 25 May Department Stores 600 1 v 11% "118.% 60 26% ; 107.;. *105% % • V: • W.'\ 45 2Va 59 *11% ; ".: No & Mathieson 900 19% ; 19% > , 108 6»A 65 24 I 28 % i 5Va '45 110 Va • 4 33 , *96% 6% 65 5% 16- 4, 16 1100 45 ' 2 Vis 15V« Apr Apr 27 27% Aug 3 17%; Apr 30 1 — Master Elec Co 1,000 1%- -11%; 7 6V4 *6% " 65% 26% 4 ;i8% •18% : v ; IOO p 100 >i, - "108% 39 *11 Va 7 104 % 101% 61 24' v : 29 . f -61 . 29% *27% ■•V - % 26 %• ; 5% 100 87 , ' 65% >: 5 Vu 27% ; ,,v >16% 13 % 25 , 5%i 26% "16- 61" 25 Ve 28 Masonite ' 6% ='."5% , : 6% 28 39 *101% 19% 12% 12% *96% 27 " *12% *106 6% 5 11% : 11 % 11% *101%. 103 u4 ' 32% 101 Va ■26% . 11 Va 32% 32% *6 Va 66 87->. .*6% 32% 4 87 >;. 7% *96 V4 ; 1% : 26 6% pr preferred—100 Field (Glenn Martin-Parry -■ 7% 4 *6% 6Va "24 v 11% 103 Marshall 500 13% 4: 19% 101% "60 30 18 V4 Jan 124 .—10 Co 300 1% 19% 6% "6% *5 ' Martin 2,300 - 24% 4 13% 6% 32% 19 - 1% 19 V* 6% 19 *23% 39 19% ' ; 11% *101% 108% *104 12 Market St Ry 2,200 .13% *85% . • • 4,600 27 Copper_^___^__ Marine 890 9% 21% n% . 87 *96% *65% «6 Jan 76% Jan ; No par Maracaibo Oil Exploration, Midland Corp.—^ < 7,200 10 >4: 13% 1% VI# 6 18% Feb 149 Apr May Apr 35 *;•' - 16Va July 29 ' Mar 30' 24 9 par Manhattan Shirt—— . *163% 39 39 13 Va 101 Va *96% 4% Jan 2 —.No-par ; Bros__i r; 1% -10 . Co Inc—L— Madison Sq Garden Magma 3% > *163% *11% 103 *19 : 33 19% 24 *85% 11% *101 Va 19% 7% 19% 24 1% 12 103 *32 % 108 6% *11 % *6% 33 e106 11% •101 Va 19% . Macy (R H) Manati 26% 3% 27% 24 „ 13% 87 v.;.. 11% 26% 38% 13% *87 Va 11% 103 38% V 2 87,,: 11% "6% 28 .55% Sep wlOO 1,000 9% ' • Forbesi. & preferred 16,900 ■. ; 21% 26 V2 3%. v 3%-; ■ 6% ; .V: 3 9% 22' 21% ' *163% 38% = 87 19 • 38% *13% 1% "13% "11% M2% Jan Jan 13% July 16% Jan ' Apr 19 Va 28 Jan 37% Dec 13" 6 30 May 9% U • Deo X29 - ;3 45 Va Aug ••'•. Tl% Apr 100 Mack Trucks Inc'__l.No 600 13% 2% . 10% 9% 21% 26 Va *163% MacAndrews : 2,000 ' 10% 23 % 9 % *19 24% - *101% 10 >24% Jan Dec x20% 21 Mar 13 2,100 • 23 % 10 20% *23% 21- "11% Jan Va Apr 29 » 19% ■ 10% - >v3';;v:; 9% 20% 9 100 !,: 23 % " 13% 2% 9% 20 3# 3% ■;< 19% • 29% "lVo ■■■■>3;,. m-A 10 19% 3 Va 6* *12% 26% " *19% "85% 4' 32% Feb Jun 17% • 130 iv1 '29% 22% n 20% ; 26% *38?# 15 174 c- i , *10% - : *5% 13% 18 *124 29% .4 11 . V 29 Va - 22 Va ,.4 3% . 130 *17." . ■ *23% Jun 27 11 •■■ 22 • *8% ; *20% "165% Jan 21 6 >2 ' f 4 18 *126 129 % 29 Va 19% 20%- *10% 6 *12% 2% 9?'« l'A 11 *17% - 29 21% ""' Y ;.v- *5% 6 "124 29% •; 18 *17,%. : v *21% > *12 2% - *17% "10% V V/. 3?'# ;■ ' l 129 " 29 V# ! *19% "20 22 *5% 124 ' K 18 ? *17% v 29'A *21% Jan 189 Jan lit C ' 17 V# Jan 98 22% Sep ' 31 Va Jun: 16 2% Mar Jan 96 Va Nov '34 2 128 Louisville & Nashville—^— 1,500 ; Jan 39 Dec 64% •V 12% Sep 15V2 Jan - 11% May 1 14% May 20. 37 Co—J—,r.r——10 (P) V I 7% 30 > •>■;■600 60 Va. 60,v. , .. : Nov 64 V» 5 175• 2; preferred 1 100 Louisville Gas & El A—'...No par Lorillard 2,600 , 9% Jan Long Bell Lumber A.x——.No par Loose-Wiles Biscuit—s._25 -■ 142 .: 142 145 25% May 21 32 Va ' 12 > 23* 22 Va Jum par Inc—__i—•„1—;—No- par Lone Star Cement Corp—_—No par - . "17% 15% 15 14% "3% 3 %' 17% *140 140% 143'# I I 15% , 140 " .v.'-.; 15 : 15 : •; :' ■ *3% % 17% 17% 17% 15% 140 • No par —No Loew's , • 3 *138% , . " 3 % *14' • i-lS'/u-'y *42% ! — Refining Go.i,-,-—Wo par Liquid Carbonic Oorpi._a—No- par Lockheed Aircraft Corp—— —1 3- I per share 74% Jan 16% Apr- 14 Lion Oil Higheat I pet share 73 Va Jan * 164 Va Apr 16- par 'Jan 33 18 50% Apr 29 ..No Year 1941 Lowest ,1 per share; Mar 13 50 Va Apr Range for Previous Lota Highest ul00 i-a—, Lily Tulip Cup Corp-^^a :12% 412% 1 ; 300 14 %>'•' % 14% >14% ^y. v. 14% ft 14 %'.V 1,200 21 Vie ■>' 20% 4:21% ;: 21%.;- % 21 18,000 -,*3%~" > 43 % v43%-;V; ./ 43% 444 J ' y 3,900 35 •• : 35% ■'35%;%; 35 % >35% 1; 1,800 •'>'" 3% "3% -3% 200 3 V4 V ■v 17%'.;; r> 17% -17%/;- >17% •4'17.%; • i;. 1,200 12% . 100-Share i_25 ' *22 Vu 20 ,-25 j. ; —_f. of i per share Par '■ : Liggett is Myers Tobacco-„ 110 Basis Lowest " ■; 1,800 > 174-• YORK EXCHANGE Life Savers Corp 1 58% - 172 % •' Shares •w 56% V 56 'A " v. NEW the AVeek i - 28% • for Salea - share per "28 • 58 Tii -174 • Friday $ 56% 58% 59% 174 > Sept. 25 28'A 55 % 58% *58% *172 174 - i: t per share 28% >' V Sept. 24 I per share 55 583/4 *171% ,. Thursday Sept. 23. ; 28% 55 58% 58% *171%: 174 STOCKS Wednesday $ per share 28% V;.' 55 60 *171 Va *28 > PRICES SALE Tuesday Sept. 2! Saturday f per HIGH 1123 2'% 5 53 Va Feb ;5 42 Dec Dec Dec Dec 7% Mar 68 Va Jan 7% July 6% Jan 28 4 % 16% Feb Feb -■( 63 25 8 6 41 Feb 5 43 Feb 75% Sep 2 Dec 5 Feb 8 Va Dec 11% Oct 6% Dec 9% Apr : '. 70 3% Jun , 6 9Vu Feb 6 8Ve Sep 25 Va Feb Feb 16% 68 Nov Sep ' ' THE COMMERCIAL & FINANCIAL CHRONICLE 1124 S I per share 15 *74 76 *35 37 *74 241/2 ./■ *14 Mb 15 *14% 15 76 *74 76 *74 77M4 75 *35% 38 *35 Ma 38 *35 Ms 38 36 25% 25 25 7% 7 Ma 7 Ms 7% / . 25 Vi 7 MB 25 Mi 73A 25 Mi ■ . 109 Ma >108 109 Ms *108 109 Ma *108 7 Mb ' "20 3 6 MB 100 109 Va 20 25 74 8 8 11 100-Share 1,600 4.300 Newport Industries 2,400 Range for Previous Lots t share per S per share 5 14 y2 Feb 27 75% Sep 15 35 74 Sep 9 Jan Apr 104 27 Highest • ' 22 Ma Apr 17 30.1/2 Feb 105 28 11 Mi Jan 12 17% Sep 12 25Ma Jan 2 98'/, Sep 22 109'% Jan 9 23 mb May 21 32 mi Feb 5 Jan 27 „ 2274 share July 17 Dec 79 Va Nov Dec 45 Mb 69% July 313/i Dec 16 7 Mi Apr t per share 10 Mi 109 Ma July 27 MarlO —1 — Year 1941 Lowest Highest 28 —No par 5% preferred series A__ —100 Newmont Mining Corp_ i. 10 (J J) Newberry Co of 70% May 26 serial preferred—100 conv 8% >108 25 Mi 43A% 25 Mb MB $ per ;—1 Neisner Bros Inc 75 Basis Lowest Par 15 Mi >14 Mi 15 *74' Range Since January 1 On STOCK YORK EXCHANGE Shares share per *14 MB 108 "24 7M4 I share per 38 ,■ 108 24 Ma 7Ma $ share per 15 ,*35Mt 109M2 109M2 * share per NEW Sales for the Week 76 14 Mi *141/4 $ share per Friday Sept. 24 Sept. 23 Sept. 22 Sept. 25 Thursday Tuesday Sept. 'IY Sept. I!) STOCKS HIGH SALE PRICES Wednesday LOW AND Monday Saturday Monday, September 28, 1942 Jan 110 Jan • Apr 313/4 Jan 5%. Apr 11Mb Aug ' .'■■■! *18 18% 17% 17% *98 Vi 99% *98'/4 99 Ms 98 % 98 Ma *98 98 Vis 98% *98 98 Ma 200 N'port News Ship St Dr Dock 1 $5 conv preferred —No par *28 % 29 7 B *29 29 MB *28 Ma 29% *28 Ma 29 Mb 29% 29% *2874 29 Mb 200 New York Air Brake—.a—No pur 9% 9% "9 Ms 9% A 9% 9% 9 Mb 38,800 New York Central———--No par 17Mi ■" 9 9% M .9; 18 9 .)%Y 9'/a 18 VB 173/4 17M4 12% 12 Mi 13 13 Mi 38% 38 3A 39% 39 aA 14% 14 14 Va 14 Mi 14 Ma *4 Mb 4 Mi 4% 4% 4Mb 41 mi 41% *14 74 4Mb 12Mi *38 > 5 5 y4 *12 Ms 14 14 14 67 *63 66 *63 66 *63 90 *83 90 *83 90 *84 90 30 Ms 31 *4Ma. ■> *84 63 31 0.7 liv a % . *% . ,*19 *113 Ms ,115 7% 7 % *45'A 11 Ma 46 *45 Ma 46 453A 45 3A *45 Ms 11% 11Mb 11 11 Ms 12 *90 MB 92 *90 Ma 92 91 Ma 6% 6 Ma 2% *23A 11 Mi >11% >37 Ms 37% 2% 2Mb 2Mb *33 343A 34s,b 107% 107'/a; 170 11%', 1,200 343,8 *31 *31Ma *7 MB Feb 18 110 Jun 2 274 Sep 23 Jan 14 Sep 25 i'« 30Mi Jan 2 23% 29 19 tNor States Pow $5 pfd_: 8 Feb 10% Jan 5 9'/a Dec 52 mb Jan 26 50% ; Apr 29 53 Jan 27 14 Jan Jan 31 Jan HOM2 Sep 9 100 Apr : 96 2 8 % Apr 14 27 Feb 18 20 50 —r;— Mar 2 274 Sep 29 Jan 35 Sep 323/i Jan Jan 215 : II9M2 • Oct Jan Apr 58 M4 Jan Dec 57%; Jan Dec 93 / Jan Sep 7% M, 34 Dec 8% Aug Dec 107 6 17% 98 July 3M4 18 lOMtJan Feb Mi • 17% 113% Nov -14 .Oct Jun .■1 40 V* Jan 14 33Mi Sep J 14 634 Apr 1 1274 Aug 18 38 20 7 Mi Sep ; 7 2 Aug tv Oct 1% 10 Ma 27 41/2 Jan 31 Ma Apr 1 Jan — ; . 50'/a 6 25 par No Lines 60 • • Feb Apr Norwich Pharmacal Co—2.50 300 Dec 109 Telegraph—50 Air Preferred • 179% 23 974 May 21 8572 Apr 14 Norwalk Tire & Rubber—j— No par 30 14 Sep 39 No par 800 34 Jan 116 39 —1 Northwestern 7 192 6% Mar 31 Co__———50 —-100 Northern Pacific Ry_ Northwest 115 • Jan Dec 23 Mi Jan Mar 26 Mar 10 j". Oct ; 112 . Dec 15% Apr Sep 18 ■ Oct 3 19 -10 — Jan Jun % .'A Inc.——5 220 A < iV Jan • 54 Jan 8 .■> 42% Dec % Jan Northern Central Ry 2 Mi 8 8Mb 8Mb 8Mb , . 109 39a American Aviation:— North 6,200 .> 38 2% May 20 Aug 24 Mi Dec 26 —.—50 preferred series.;. 50 5%% 25.400 2% 106% 27 ' 8 8 8 6M4, 2% •' 6 Jan preferred series 6% 300 : ' 33 33 91 6M4 38 Feb 474 May % Jan North American Co 100 Mi *90% '11% 110 80 Shipbldg Corp part stk—_1 Adjust 4% 25,100 6% 38 May 22 108 12 *37% Apr 143 46 11%11% 11% 36 Ma 2% 2MB i 8 100 107% 107% 36 Ms 11 *73/4 107 3/8 11 Ms 36% 8% 107 Mb 5 —100 11% ; Ma Feb preferred—— 91 /' 6V3 109 Mi 108 11 * *33: 6% 15 tNorfolk & Western Ry—a *45'/a *90 Ma 6 Ma 15 Noblitt-Sparks Indus 12% 12 6 Ms 6 Va , 110 110 *35'/a *7% 46% 46 45% 3/s 8 Mi *45 *45 *90 34 8 48% 46 ii *33 8 7% 23 610 20 183/4 Aug 47'/4 Jan 200 " Dec 6 - Jan 15% Jan • Dec 3 N 162 8 Mi 15 1,300 118 Ma *45 46 :':39Ms 2% 160 Mi 115 Ms 7 11% 1 160 118 25 3*3 Jan 4,000 20 Va * 20% 20 160 6 12 61- Conv Y 103/i Feb 1574 Jan May 25 July 45 Feb 6 51 - Jan 116 'Dec 27% Sep Hi 23 '? 100 —, mi iV 22M| *115 Ms 116 7 Mi % 7 Ry Co——100 tN Y N H <fc Hartford 10,700 A> 2 17 Va Feb 27M'4 Dec Dec 2 12M4 Apr ——50 preferred— 100 IN Y Ontario & Western—100 2% 11 1 26 Jun •1,4, par —50 preferred non-cum N Y Lack & West 220 4,800 JA 2% 227a 20 10 % 29% * % . 2% A 22 20 46 *45 ,*90 .91 Vis 6% 6'A *110 111 *36 >>:%' 45% 11% >10% % ' 160 116 73A 2Mb 22% 158 115 7 Mt > *19 Ma 161 *113 7% "US' 21% 20 161 115 7% '45 45% *45 *19 Ms 162 *113 Ms )"«' Ma 11% Jun 10 19% 106 Mb Mar lOMiJan >—No par NY & Harlem RR Co_ 60 1 29 30 \ 2% 2% 21 Ma -'*21 20 161 2 Mb M4 % 2 HA 19 Mi 162 Mi , 2Mb 21 Vi 29% 31% 30 Ms % 2y8 162'/2 *19 31% Va >>% 21% *21. . 30 Ms Ms 2 2 :2 x Dock———;—'—No York /A- 5% preferred 1,400 , 90 63 ' 31 > 143A f New 24 36 _100 nyc Omnibus Corp—-4—_Nq par 800 A 5%, preferred series A—, 6% 800 A , >6Mi Jun 100 N Y Chic & St. Louis Co—— 1,000 7,700 ( 14%-, >14 Mi 65 Mi *82'A 90 A " 15 14% 14 *63 Mi 66 *82% 4MB 13'A *12 Ms *12% .14 66 *4 Ma , 13 3/a 41% 14M4 13% 41 14% *14 Mi 13% 38% 14 Mi 1374 40Mb *12 A 39 14 3i *12% 18 Mb 18 Ma 18% *98 Dec 21 » . Nov 23/4 Jan 27% July Dec I 7% Dec Feb 13M4 O 8% 8% 8Mb 8% *23 Ma 23 Mi *233A 8Mb t 23% 3 Ma . 48 Ma 23 Ma *22 Mi 23 Mb % 50 *44 Ma 8 Ma *8 8 3,8 *5 MB 6 MI 6 '•*22%' v23% ■> ,.•! 27 Va V v 100 *44% 47 % *44 Ma 47 49 Ma 15 *14 Mi 15 17% 17 Mb 17 Ma 19 Mb 19 Mb 19Mi *27 Va 27% 27 Ma 27. Vis ,27 Ma 16% 16Mb 16Mb A 16% 81 Ma 83 83 *142 *142 143 28 143 A' 1st 380 2d 18 200 Pacific Finance 2,400 Pacific Gas 28 Mi 28 900 Pacific : • MB • 1,500 Pacific Pacific 143 143 10 8% n tl .J 2 MB 2% 2 GMi *6 % 6 Ma *6 2 Ms 2 Mi 2% 2'A 2Mb 2 Mi 18% 18 Ma 185B 18% 7% 7 Mb 2 2% 2Mb 2Mb 2 Ml f 6 Mb 6 Mi *6 Mi 6 '/2 ' 2 Mi 18 Mb *7 Ma . " 6 Mb 2Mb 2% *2 26% 26 48 Mar 28 45% Dec 56Ma Oct 43% Apr 25 54 Jan 383/4 May 52% Dec 6% Mar 27 8Mb Jan 27 12% Sep 4.4 Apr 6mb Sep 42 par Jun 16 Apr 9»/4 Apr 27 par 13% Jan 27 18:l 8 18 Mi 73a . 103 % 104 *103% 1% 104 2% 238 2 Vi 2% •18 J,4 19% 2 MB '28 3/4 *28'A 104 1% . 19 ,•' 15 MB 16 %. 19Vi - - 500 . *114 Ma. 116 114% 115%. 1141/4 *14% 15 Mi *14 Ma IV4 1% *1 Va 23 Mi 13 Ma in la *19 Mb *54 55 *72 * , Packard 22.900 Pan Motor Apr 7Mi Nov ;•• May 4Mi Apr 16 25Mi Nov 16 Nov 15 Ma 4 6 Mb Dec 11 % Jan Jan 15 17 Ml Dec 28Ma Jan 31" Jan 17 26'/a Dec 40 v* ' Jan 18 74 Feb 25 11 Feb 17mb Sep ; 3 74 Apr 25 101 Jan Apr 4 148 Jan 7 95 2 121 193/4 Aug Dec 147'/a 126 Apr 163 8 VA 574 Jan 2 6 Ma Aug 31 4% Dec —No par 174 Jan 2 2M? Jan 6 1Mb Dec —5 ;-5 11.% Apr 23 19 »/2 Sep 24 6% July 16 8 Mb Jan 1 mi Mar 1 Car American Airways Corp 31 *94 96%,: 16% 'Y HA '/a 14 ir. iif 1 Ma ' ' 7 3 Ma 3% 3 Mb 33/4 . 25M4 2% Jan 6 37B 33/1 3 Mi IMi 800 *12% *105% 22 Mb 22Mi 22Mi 2 2 Mi 19 3A 19 19 19 19 *18 19 Mi 41 *40 40% *40 Vi 1Mb 41 4% *19 41 *39% 2 22% 2 22% 5 Mi 2Mb 2 *2 22 MB Jail " Aug ■■ 1,100 790 23 MB 22 Mi 23 Vi 1,090 23 23% 231/4 500 23% 22 Ma 23% 23 4Mi 8% 68 Ma 5 Mb 23 Mb 4Mi 4Mb 5 Mi 5 Mb 5'/» 233/i 2 4 Mi 1,000 >, 237B 25 13,500 35 Ma 35 36 36 Ma 37 1,140 63 Mi 63 Mi 64 64 64 64 110 *8 Mb 8% 8M4 8MB 8 34 8 Mi 68 Ma 68 Ma 68 7is 687a 68% 69Mi 24 Mi 110 1107a *105 *7 Ma 108 105 103 109 *109 *7 7 a *68 80 39 Mi *68 39 Mi 39 Mi 8Mb *7% >70 80 40 M 8 40 Mi 9 *67% 9 Mi > 69 ; 59 7 *2 2 59% *57 18'A *18 *17 MB 18'i *17Mb 2 3A *57 a 4"/2 41/2 4 Ma *35 Mb 36% *35 Mi *4M4 5 *4Ma 65 *60 Va 18 MB 8 *37i 18 7 b 18 Mb 18% *4% 4% 4% *35 Ma *60 4MB *474 65 *60 1 *8 8 175 4 Mi *140 *165 4 4 *3% 4MB *41,8 *57 4Mb *140 175 *lMi 2% 5974 3674 *165 *140 *57 Mi 4 5 65 8 *lMi 5974 357 b 5 *co ; 8 Mi *8'/4 4 363/4 2 • *8% 36 M4 *4 7b 4M4 4 Mi • 8% >140 *165 175 4 3% 438 4% 4Mb 54Mi 54Mi 54Mi *541/2 247a 2474 25 25 M4 *62 63 64 MI *7 Mb *63 Mb 66 *151 Mi 8 Vi *~t 54% *7% • *51 8 *15114 Mi 8 74 *15 HA 4 Ma 35M/4 5 2434 *51 35 65 65 24 3 i 19 4% 5 *474 *60 8Mb —• , 170 2% 100 8% *165 4Mb 4 Mi 57 25% 66 66 66 8% 8 43/4 *541/2 25% *64% *151% *8% *151 'A 9 — 19 700 4Mb 2,400 36 Va 700 574 V 65 100 100 8% 700 4 Mi 57 25 * 25 Mi 64 'A 67 *8'/i *151% 8% ; 1,660 120 200 __ 2% 2ai ~2 7b *2% ~2 Mi 2% 2% 2 '/a 2M4 2,500 *12 »,4 *12% 12 Mi ■12 Mi 12% 12 Mi 12% 12Ma 12Mi 16,300 1127. 21 Jan 21 34% Apr 52Mi July 12 11% Dec 17 % 1083/1 25 preferred—50 No par Philco Corp ——— 3 Philip Morris & Co Ltd— 10 preferred Hosiery . Flour Pillsbury Mills— Pittsburgh Coal of Pa 6% Pittsburgh Forgings Co Pitts Ft Way & Chic Ry Co. preferred — Co (The) Dec 41 Dec 60Mi July 24 17 Dec 38 27% Jan 7 21 Jan 2734 Oct 7;. 53/8 Dec 13 6 ' Jan 6 Jan 'V5<*' '■ 11% May May 7Mi Apr 43,4 Dec 7Mb Jan 23 M'« Dec 35Ma 35 Ma Dec 47 Mi July 69 Dec 91 10 M4 Jan 7 Jan 6 72 Dec 89 Mb Sep 107 Ma Mar 23 105 Mar 110 Mi Dec 7% Jun 3 55'/? Apr 24 May 20 Jun 16 6Ma May 12 75 9 Jan 27 4M4 May 9 Aug 78 Jan 17 5H/4 May 77 July 41M7b Jan 2 353/4 Feb 46 M4 Apr 27 1% Feb 25 2 2 60 July 10 19 Sep 43/4 Sep 3 4M'b July 58 3 May 25 26'/? Apr 24 2 Dec Feb 52 24 13 Dec 23 Ma 27 6 Mi Jan 17 18 15 Jan 21 64 9% Jan 14 6 371/2 Sep 68 Jun 27 29 Feb 19 165 May 23 37'a Aug 10 175 165 165 4 Mav 2 Mi Feb 13 x 2Mb July Jan 734 Jan Dec 4'/2 Dec 46'/a Jan 8 3/4 Jan Dec Dec Ma 84 Jan Dec 15 Jan Feb 19 163 Aug 166 Feb 25 174 Mar 181 51/4 Jan 14 63/8 J an 5 Jan 6 451/4 Feb 65 ,331/2 Jan 3 24Va Dec 43% 61 Dec 3 '/a July 1% 38Mb 7% Apr No par Jan 18 May May 12% Sep 30 6 8 V? May Jan July 109 65 -1 —No par 43/4 2 30'A July 14 15'/? Jan Plymouth Oil Co—————_5 Sep Mi Aug Dec 14 Pittsburgh Steel Co Pittston Dec 18% 30 43 1% % 9 763/4 Jan 100 100 100 23 % 3 2 Mi Jan 103 -—i Iron Corp—No par preferred No par preferred 54 40% Jan Pitts Coke & $5 conv Apr Aug Jan 1 Apr 25 100 100 — 251/4 25 36 3/4 27 49 98 No par 100 No par 5 preferred— 112% Mar 22% May 21 100 Phillips Petroleum Dec Dec .20 28'% Apr x —100 series series Dec Jan Aug 7'/? Jan 24 7 51% Feb 5 9 17 Mb 3% Sep 29% Jan Apr 28 tPhiladelphia Co 6% Phcenix 2mb Sep 233/s July 28 Phelphs-Dodge Corp../—— $6 3 6 l-> Dec 5 Mar Dec Jan x. 7 46% Jan 5 14 Ma Sep 20 4 54'/4 Aug 6 5 Jan 1 ; 3Mi 27 par 2QMi Jan 1mb Dec 73 30 26 Co———No ; ; 15 > Aug May 26 —No par preferred class B 100 5% preferred class A—, -100 5M2% 1st ser conv pr pfd—-100 Pittsburgh & West Va 100 Pitts Young & Ash Ry 7% pfd—100 10 234 page Brewing ' 15 24'% Jan 19% Jun Dec Jan Sep 4 108 Ma Feb % Jan Jan 89% 723% Jan 15 mb Mar Oct 2 30% Dec 80% Jan • 2 Apr Dec 18 43 Mi Mar 2 36 Jan 113% Dec Dec Jan 16mb' Dec 9 5 i 16% July Apr 1,000 12'% see Pfeiffer 1 25 18% Jan Jun Pitts Screw & Bolt——: 2% footnotes par 2,700 4MB 55 V2 Jan 4 of America Petroleum Corp 7% 170 15 56V? May 1 1% Apr 14 No par Preferred 59% Apr 18 Pet Milk Co 1% 3,900 *12% For 44 36 preferred—^ •' Apr 207'a Sep —100 5 Mo Phillips Jones Corp 8% *140 4% 25 Ma 1 Va *57 19 *60 25 54M4 *53 * 2% 59% 5 8 , 41/2% 40 Ma Dec 6M4 ; 2 100 ——100 prior preferred Preferred 4Mi% 80 % 13% Jan 1 Co— Marquette Ry Co 5% 100 *7 Ma :14Mb 104 200 40 3,i 2 July 25 1 .——No par 109Mi *68 17'% Mar ■ 2 106 8% 3 A Mar 20 44 *109 40% 7 13 mi Aug 2 *105 80 29 24 Mi 30 109 Ma 65 *140 *165',a 357is 900 2,000 14 Jun Pere 106 • *:14% Apr 2mb Jan May 15 May 4 G1 Sand Corp July 22 29 mi Jan 1% Jan 105 ' 2 Ma *2 *57 300 23 Mi *109 8 Ma 434 *5 '/a 34 7a % 110 Ma 39 % 43/4 Mi 35 61 *105 80 4 M4 5 237b 35 *60 3a 110 39% 4 M4 *5 ' Feb 11 Pepsi-Cola 22,800 22 Ma 4Mi 700 5 Mi 22 *5 300 43Mi i',3 95% 32 No 5% 22% 22 >23 22% 5'/* Feo 19'/?. Apr : Jan 37 Va Dec 2 ,■. Dec "1Mb July May 10 2 1mb Jan No par —10 Cement 19% 9 Jan May Jan 191/4 10 • Feb 25 99 » Jan Aug 3Mi ' 27 No par Penn 5Mi 43 23 Ma Mt par Jan • 934 : Apr 7% 16% Aug 18 17 Pennsylvania 1.280 , Jan 10 > 4 Mi Dec 4 July 100 preferred ——-100 RR 50 Peoples Drug Stores Inc 5 Peoples G L & C C (Chic) —100 JPeoria & Eastern Ry Co— 100 14 22 Mi 4334 *5% 42 Mi *22 Va 22MB V 30 6 8 15.." .-10 $7 conv pref ser A 105 % 23% 5 MB 4% *13 2ff 120 Ford—-——_—No par Penn-Dixie 800 37'%. 2Mb Sep 23 2.50 Penney (J C) Co— Penn Coal & Coke Corp 1,400 V looma Apr ——No par Co Mar : 24 ■' 23 2 HA *68 - 4% 22 Ma 44 Va Va 37 w 5 Mb 23 *1% * *105'/a 42'% *7% - 14 44 5 *109 36 42 6 HA 110 Ma ■14 1% 36 43 33% 110 1% *13 • >/; " 2 2 22% 35 ' *39% 23% *109 39M4 > , 90 2 UMiApr —1 Transportation—No Penick & 500 2Mb 3A 1Mb 35 Davis & Jan 20M'a Apr par 1 Inc Patino Mines & Enterprises 10,200 41 «/2 19 *8 Mb 80 Parke , 4,600 22 *67% 8 Va Me — *105 *7% 74 34 22 *105 391/4 74% *105 Ma 22 33 Mi 68 *68 74'/a 1Mb 23M4 8% *8 Mb Ma 14 *60','2 34 61 Mi 68 53 1 9- 104 Ma Sep 2; -100 Parker Rust Proof Co 53 74 Tllford Sep _1 preferred— Parmelee 54 > 104 _100 1 Inc 600 20 Mi 54 & —No Inc_ preferred 600 20 MB 35'A 5 23 Mi 34 4.700 20 Mi 1Mb *4 Mi 5% *60','2 ' 1 *12 Ma *22% 4 Mi " ,'•' "■ . *34 Mi 21% 23% 43/4, f 14 Mb 74% ivi 23M/4 14 .13. 20 Mi 3 231/2 13 3| . Pipe Line Co_100 —_1 Park Utah Consol Mines— 2,300" 10 55 3 M4 23 Ma la 111 Park - Transp Pictures 1st 6% '• 1MB Cos conv Paramount 1,200 3.M4 1 20 Mi 74 > 1% 4MB ,21 Ma *5 20 o :> 1% 4% ., ;.;/%/■ 14 *42 Mi • *22M2 133,i 15 Paraffine "" 17,000 35 Ma 2 2 Mi 5 21 Vi A 23 Mi 14 Ma - >54 ' 43 233,8 i 118 *143/, HA ■ East'n & Panhandle Prod & Ref 100 / ' 16 Mi 117'/2 15 1% 1% 16Mb 117 "A *143i 15 13 Ma * 727# *1% 2 *4 Mi 14 Ma 23 * 115 7 B 115% HA 2 3 Vi 13 72 Mi> *39 Mi 22 Mi 42 Mi >114 Mi * 15 54 *19 . 40% v *1% 22 *293/b 96% 54 ,21% 19 M4 *19 32 55 *1051% Mi ;. Petrol Panhandle 29.100 *12 Ma . *105 Ma 21 ( Pan-Amer . 450 2MB 16 20 Ma 1Mb 14 2lMi 103% 2Mb *34 1% 35% ?12% 1031/a 2% *94 3MB - 2 *29MB 19 Mi 4 >54 3Mb *1Mb * 2 1 Mb 104 100 • 16 VB 72 Mb / , v'*33Mb 1 103 Ml ! 96 Va 20 MB 19 m 72Mi 3Mb 14 Ma 103 Mb 7 Ml 30 Ma 23 MB 23% 13 '/a »1 ••» 19 Mi *165 Pacific Western 22,000 ' 19 Ma '- *7 .. 16 ?> 23Mi; 23 Ma 13% 7MB *94 114 Ma 1% 1% 10334 *7 Mb *28 Mi 16 *14 Ma 15 7 96% - 157 a . Apr l3/4 10 Oil Corp———10 Pacific Tin Consol'd Corp^ 3,500 ' . 32 ' *94 16- 16 (. *7 1Mb *29 32 105 *94 105 *39% % 7 Mb. 104 1% A. 2 '•••• 1Mb • 28 % .*94 6 Vb ' *7 1 Jan Jan 7 Mi 16 Sep 150 20 5 28 7 3 15 mi Sep 27 Jan 15% Apr 22% Apr par 24 28 • : Jan Jun * A. 6% : 173/4 Jun 16 —«100 ———100 preferred Dec 28 Telep & Teleg—; 143 Feb 9M4 ; Jan 24 m» Aug —25 Mills 40 •;"• 2% 6%' Sep 28 No 17 84 104Va Jan 140 -—No 17 Dec —5 &-Electric— *82 17 54 24 — Corp 9 29 25 No par —— No yar (Cal). —10 Ltg Corp__ V Jan 474 Jun 79 2 132 10 20 14% 10 153/a Sep Co preferred preferred 12 12.50 Co_ 83% ■142 143 *142 28 81 % 82 Ma 90 / July 23 Mi July Dec 6'/a Jan 28 X1674 Apr Pacific 20 *173/4 17 MB 16M-i 17 82 14 Mi ;v- 10 Feb 142M4 Sep Pacific Amer Fisheries Inc Coast Feb 2 Mar 20 ,^\.No Glass 20 *17 Mb 19 Ma 16% Owens-Illinois 6 3/4 13Mr4 11% Mar 12 Outboard Marine & Mfg_: Outlet Co— 28 15% 19 ' . 23 Vi vi- *22 23 No par Jan 2% Apr —-100 preferred— 300 6 Mi 22% 23 Mi 17% ,*>80 8Mi i 6 MB 14Mb *22 6% 090 8% 6 6 59 -±-No par Otis Elevator——— 2,600 8% *8 Mi 83/a preferred A— 8 ma Aug 15 25% July 17 / 2 2 ——100 (The) —— 4 9 Mi 49 49 Vis 14 Mb 143 . 2374 19 Mb •• I6M4 "85 *142 *22 Mi 17 Mb ' 16% 23% *22% >15% 15 ' 19 *80 30 Jan 2% Jan 17 Oppenheim Collins— 3,900 '• *17 Ma 14 Ma 17 Mb ,*26% 23 8% 400 15 'A 142 34 18 34 .14 Vis *17 Ma 19 23 23% V *22 Ma 3Mi I 14% 142 Mi A 6 6 *3 7i 3% 10 15 MB 50 6 ' 66 66 663/4 '' Omnibus Corp / -No par —6 Oliver Farm Equip— 1,000 ' 143 Ma Ma 48 8% 63 Mi 37i 15 ... 23 48% 48% *8 6 49 M4 ; 23 Ma *44 Ma 50 48% 49 142 3 Mi 600 No par Oil Co Ohio 9,400 • *142 15% 15 142 8% 24 74 4 *3 Mi 3% *3 Mb 15 MB 143 Vis *44 Ma 50 V 3 Mb 14 Mb *141 % 48 Ma : MB 6 3 Ma 14 MB 143 Ms . * 66 Mi *64 - *141 23 Ma *44 Ms 67 24 4 4 8 Mi 2374 8 Ma 8%: 24 24 *3Mi 3 MB ,% 8% . 24 *22%' 143/4 143 Ma *22 Ma 3 MB 35A ■ *1434' 8MB 233/8 *65 67 3 Mb 3 Ma 3 Ms 14 Mi *141 233/b 3 Mb *65 67 *65 *8 *33/4 3% 1 3M4 Dec 4 Dec Oct Feb 7 Mb Jan 9 Mi Jan Jan 47% Apr 28 20 Jun 27 458 Jun 26 70 Feb 14 51 Oct 75Ma 6 Va Jun 25 10% Jan 26 6 Dec 15 July 164 Mar 164 Mar * 153 1 11MB July 22 Jan 24 Jun 24 153 Julv 22 2mb Sep 14% Jan 21 28 A May 13% Dec Jan Jan 1% July !■ ) .: .. , • , THE COMMERCIAL & FINANCIAL CHRONICLE Number 4111 Volume 156 LOW AND $ Sept. VI I per share share per *15 % t per share • * . & 7 23 % 49 ,j. ; 3% 3% 17% 6% 6% ■ *6% 7 25 6% 25 49% "49% 120% *23% • 10%' 10 10% 10% 72-% 72% 71% 72% 84% 84 % 84% 84% 84% 95 95 106 106 105% '113 116 116 '113 25% 25% 25% 25'A 25% 8% 8% 8% 8% 8% 25 25 % 8% *97 r *96 99 86 86 11% *9 Va 86 *96 11% 99 *84% *11% 9% 11% 9% ; . 6% 4,600 10 72% 84% :: V, 610 93% 92 106 106 118 *115% 25% 25% 8% 8% 8% *96 98% 86% 700 12% 12% 1,300 9% *9% 9% 3% 3% 3% 86% 86 % 86% 12 12 12 12'A 9% 9% 9% *9% 3% *9% 3% • 100 A .7 8% Jan 5% Dec 13 V8 Jan 7 8% Jan 6% Dec 13% Jan 22% Jun 10 par 42 Feb 17 100 115 Feb 16 9% Jun 3 29% Jan 52 21% Jan 14% Jan Dec 50 40% Dec 115 121% July 23 Oct Jun Jan 61% 120 Sep July 8 11% Dec Mar 30 86% Jan 14 75% Dec 110 Jan x99% Jan 14 92- Dec 123% Jan 79% Mar 30 111 Jan 106% Dec 137 Jan 99 Mar 30 123 Jan 117 Dec 158% Feb 111% Mar 19 115 Feb 114 Dec 117% .——No preferred El 100 & Gas pfd $5. No par Oil No par (The) preferred 5% conv 20% July 7 —No par : 9 26% Feb 2 10 Apr 28 29% Jan Oct 19% 29% July 7- Jan Dec Feb 12 Dec 90% May 13 80% Jun 17 101% Jan 107% Dec 100 91% Jan 20 83% Feb 95 % Aug No par 9% Mar 11 12% Sep 25 8% Deo 12% Oct 10 8% Mar 11 100 preferred— Purity Bakeries 100 2 Jan 73% Mar 31 6% ; Jan 8% 13% 62 Pure 86% 86 11% 21 Feb 6% July Pullman Inc... 98% 99 85 % 11% Jun Dec 21 preferred—————.100 8% . per share 3% 5% Jun jl.No par 16 15 5% Jan Highes, share 4% 1 50 Jan S per Sep 5 No per share 17 8 3% May 21 7 . Year 1941 Lowest 100 9.300 7, $ per share 15% Jun par Range for Previous Lots par 8,800 9 100-Share Highest 9% Jan preferred 17 % '■■■ 210 of No par & .Gamble_____ Pub Ser 26% No —, preferred t6% 260 - .4; , B pfd (ser of Feb 1 '29) t$5 119 25% 85% Quaker State Oil Ref Corp 194 10% Aug 18 ■ Mar 8'A Apr)' 12% July A',.";, A.. . 4.300 93 105% % class Pub Serv Corp of N J. 400 84% - A ; 10% 71% *115 99 5% 80 10%. 8% *96 % 99 Procter 3.700 84% 25% 8% 100 • 49 % 72% ; . 26 121 Co 5% conv 1st preferred 5% conv 2d preferred. 7 48% '119 & S Pocahontas——_No par Poor Postal Teleg Inc preferred Pressed Steel Car Co Inc *24 49% 105% Creek 1,300 6% 120 *93 116, Par Pond Basis Lowest 3.800 10% 106 On 4% 84% 94% 93% 1 106 *113 lift r 94% 94 Range Since January I STOCK Sharer 71% •' YORK EXCHANGE 17% *6% 24% 49% 10% 72%, 105% ■ 24% , NEW 18% 4 7 . 120 10 94 *9% 7 ' 49% 120 120 for 18% 6% *6% 25 *23% *49% *119% V 49% 120 % 6% 6% 7 *6% 7 *6% • Sales the Week share *15% 18% 6% per 3% 18% 72 - ♦105'A .108 *113 3% 18% 83% 73 S 17% 3% 19% *119% 84% "93% 15% 17% 3% 18% > ,49 10% 10% 84 *15% 17% t per share share 3% -*23% • 49 120', a .73 f per 19 ■% 6% - 25 • 119 Sept. 25 3% 6% *6'A *15% Friday Sept. 24 Sept. 23 18% 3% 19 7 "6% 17% *15% 17% *3% 1518% STOCKS Thursday Wednesday Tuesday Sept. 21 Sept. 1.9 PRICES SALE HIGH Monday Saturday 1125 R 3'A 3 Va 57% 3% *56% *56% *8% *3 18% 8% *25% 26 Va *25% 26'A 7 14'A 28 *27% 23% 42% 19% *19% 19% 19% 19% 8% 8% 8% 8% 8% 1,000 25% 25% 26 ,..7 *25% •A 7 28(7.7 25% 14 7 28 23% 23% *25 Va 13% 13% 7 '7- 23% V 14'% 29 *27% 23% 23% v 28 ': No par No par 6% 2'A Dec 4% Jan 57% Sep 22 47% Dec 62% Jan 88 Apr 25 85 Dec 88 Dec 3% Jan 6 2 2 Dec 3% Jan 100 34% Jun 4 46% Jan 9 38% Mar 55% Oct —No par 15'A Jan 2 25 14% Dec 21 Va July -1 7% Jun 8 19% Sep 11% Jan 16 8% Dec 18% July 23% July conv Rayonier Inc $3 preferred 3% July .10 6 Apr 25 Apr 23 88 2 1 preferred Raybestos Manhattan.. 400 .7 .i-— 1st preferred— 700 4% 26% Feb 3 23 Dec 11% Apr 16 23% May 28 15% Jan 28- 10% Dec 18'% July 28 23 22% Dec 27% Aug 50 : 4% 1 50 20 > May 28 23% Sep 19,; 19% Dec 24 Jan —25 — Reading Company 200 23% 23% i »«.u >,7 2.500 14 14 *27% . '"' . 2% Mar 46% Mar No par 1st preferred conv Radio-Keith-Orpheum 1,100 *8% 14'A 28 7, 23% 23% 77*22%; 39% 700 ,7 42% ! 25%- 14 *27% 3% *19% 8% 25% ■■7 14'A 28 3% 7 Corp of Amer $3.50 $5 preferred B *39% 19 *8 13% 7 14 J. 3 %. 700 100 *83 ' Radio 19,500 > 57% 57% 57% 100 3 3% *40 19 57'A *83 100 42% 42'% *39% 18% 8% 23% 3 42% 18% \ *27% 3 57% *83 7V,8% 18% 57 57% 100 *39% : 42% *39% 57 *83 3% *3 3 Vb *3 3'A 3% 57% 100 *83 100 *83 3'A 3% 50 — 2d preferred ... Sep 29 % Aug 1 ;'v #2 73 *15 16'A *6% 8% 8% *65 *65 67 47 *3% 3% 14 13% *98 % '■ ... 77:7*72 Va 85 Va *58 *80 *46 *3% *98% 99% % 85 4% 4% *4% 4% 4% 22% 22% 22% 22% x55 Mar 10% Nov 9 65'A July 30 53'% Dec 67'A Jan 48 34 Dec 61 Apr 6 2% Jun 22 14% 14% 14% 14,200 *98% 99% *75 77% 76'% 5% 7>. 5'/a > 5%; 84% *84% 85% 84% 61% *58 61% 59 7Va 7'A i Vi 80 80 59 4% 4% 4% 22% 22Va -/■■■ 7 - 4% 7% 22% Feb 2 4% Jan 14 2»A Dec 3% Dec 2 14'A Dec 22% Jan 101% 19 11 Jan 100% Mar 5 96 Aug 3 86% Jan 23 77 Dec 97 Jan No par 4% Jun 22 6-% Jan 3 Dec 11 Jan 100 78% ouly 30 Apr 129 Sep 100 54 x94% Jun 100 preferred 5%% Jan 8 preferred prior pfd ser A__——100 preferred 160 - 4% 22% 90 1,000 7,7' conv Revere Copper & Brass.— 20 • 7'% conv 6 % 400 - 3,700 81 80 22% A 84% 7% 80 6% ' 5'A 9'% July 12'% 38 % Jan 13% Sep Dec Apr 100 No par Nov Apr —1 Republic Steel Corp Nov 16 7'% 14% 7: 6'% 53 Apr 9Va Reo Motors v t c 4% 22% 25 Sep Mar 7 2- Rensselaer & Sara RR Co 22% 4% 22% with warrants— 2% 6 100 99% *79% 9% Jan 800 *74 80 80 12% Feb 7% May 18 3% *98% 7% 6'A Apr 24 10% Mar 11 1 46% 5 *58 Preferred Sep 1 16% Aug 24 7% Feb 2 10 Dec 22 Va 65 No par Reliance Mfg Co Remington-Rand 3% 74 7 Corp Apr 30 *45% 99% 84 % 61% *6% Stores Jan 11 3% 5 5 15 39 100 1st pfd 46 % 73 73 V A■ 14 & Co 1 2% July 10 13 3% 3% 13% *83% 80 Va *80 81 100 1% Jan 5 100 (Robt) Reliable ^ 100 47 *58 7 *6% _ Hosiery—— Preferred Reis 3,600 47 3% 58 58 7% V 67% 85% *83% '■ 62 *6% *: • 9% *65 14 5 ' ii% 9% 67'a 72% 5'A>:; .■■7- 11% 47 *98'/a 99% 9'A > Silk Real 160 *66 13% 774 77.v 7 . *5 5'A *83% 14 : 13% *98% 99% '775 *72 Vb 7 *5 7 V 7.7 16 ; 6% *6% 11% 9 100 73 16 6% *6% v • 1 65'A ■ 3% 3% *3% . *65 16% *11 9 2% A. 65'A *46 47 47 6% %;:'7 73 16 Va 11% 8% *1% 67 *65 47 66'A *6% 8% 2 *65 16'A *11 11% -A 73 r. 16'A 6% 6% 8% 8% 2 2% *65 16 *11 11 Va *11 11% 8% * 6% *6% 1 *11 75 15% 15 Va 15% *2 4 2% *65 73 *65 *65 7 *2 2% *2 2'A Reynolds Metals Co 5%% conv preferred 800 Reynolds Reynolds (R J) Richfield No par . ; 129% Mar 75% Apr 3% Mar l 4% Feb 3 97 Jan 20 60 8% Jan 5 6% Dec 15% July 85% Jan 19 75 Va Dec 95 74 May 22 6% May 20 100 Spring... 5,600 70% July 29 80% Apr Sep July 4% Jan 5 Dec 10% 27% Jan 27 22% Dec 34% 54 Jan 27 49% Dec 53 Va Jan 9 Jan 15 7 % Feb 12 Va Aug 8% Jan 16 6 Apr 9% 5% Jan 9 20 2% Dec 4 Jan ' *30 7'As *30 33 7'A *6% 7»A 6% "1 7'A 7 7»A 7%. *7 *30 33 *30 33 7*A 6% *30 33 *7'A 7 7 *30 33 33 Common 7% '••>. 7% 7% 7% 1,700 6% 7% Tob class B 6% *6% 7'% 300 Ritter Corp Dental x 10 _ Oil 20 Apr 23 33 10 Sep 10 6% Apr 28 6% Apr 30 3% Jan 6 No par Mfg —.No par ' *4 Va 28% <N CO 28'% 8% *4% 4% >!.-• ,V,*4V8 4% 18% 18'A *18% 18% 8% 8% 9'% 9% 9% 8% < 7 40 *37 40 *37 8% 4% 18% *4 17% 8% 8% Vb *17% 4% •7vl7% 4% *18 18 «A *8% *4'A 18»/4 7 7*4% 4% *18 28% >> 28% 9 *38 40 *38 40 *37 28% - 28 3 to CX3 29% 29'A . ** 03 500 Antelope Ruberoid Co Copper Mines.— _No par 16 Feb 19 19% Mar 20 1 (The) 7 May 20 10 % Jan Rustless Iron & Steel Corp 1,500 40 40 28% 28% 4 v*38 Roan '> • $2.50 • 2,100 St 5,800 {St conv preiej.red 47 May 28 23 10 27 • * * VB III ' % *% ■>' *4 7 7% >7. 36% 10% 10% 18% 93 19 77,7. ' 11 Vb 34 34 *110 110 2 42 27 27 . Aug 48% Jan Dec Jan 14% 39% July XU Feb 32 % 1 12% 13 5,300 1,400 800 *112'% 113% *110 113 'A>> ■ v, • '••• 35 *34'A 35 113 3a Va A' ^ Scott *1% 53% 7% ;, - *61 62 *61 62 6 6 6 6 Va 33 33 34 34 33 14% 14% 14% 14% 14% 6 7' Air Line *26 26% 69 *66 A 2% 13% *16% *11% 13 14 *13% 13% .7% - 13% *13% . 17% *11%. 8 7% 2% *14% 14% 19% 19% > 19% 129% *127 17% -17 .17% • ;■>: 129%: ' 17% , r 129% *127 17% 17% 7 7% % 129% 17% *127 ,21% 24% 25 *34% *111% 2% 2% * For Union Oil 15 — Silver King Coalition Mines.. 900 , ' footnotes .5 Skelly Oil Co — Sloss Sheffield Steel & Iron.. 112% $6 17'A 300 8 26,100 2% 10,700 14% r 20 preferred. South Am Gold Si Platinum 400 So 1,700 129% Porto 8% Rico Sugar. —No par 16% 18,000 Southern 35% 35% 36 36% 36% 37,000 *40 %' 42 % 2% 2% 2% 2% 4,100 *2% 2% *2% 2'% *2% 2% 200 41% California Southern 4,400 2% *41 Southern Natural Ry_. 5%-preferred Mobile & • Sparks Withington..^ Spear & Co..— 21% 21% 21% 22 22 25% 25 % 25% 25% 26% 3,800 35 35 34% 34% 34% 34 % 34% 34% 3,795 Spicer Mfg Co 55 55 111 'A 32% 115 47 see 3% 96 page 1127. *53% 65 *54% 55% *54% 55% 2% 2% 2% 2% 2% 2% 33'A 33'A 33 % 33% 33 % *31V* 32 32% 32% 33 33 *111'A 115 *45 3% *95 65 2% 47 *110 3% *95 32%. *111% *45 115 47 *110 3% 96 3% *95 *111% *45 115 47 *110 3% 96 3% *95% Jan 3 7% Dec 14% July 71% Jan \ : 500 - 20 1,900 32% 34 610 33 300 *45 96 3% 47 *95% 96 1 Conv —No par _ Square D Co... conv preferred..— Squibb (E R) & Sons 10,300 Standard $4.50 preferred No par No ; par —.1 100 No par —, Brands 2 par .No par 51% Feb 25- 4 25 Apr 14"% Apr > 10 2% 29% 27% 108% 40% 109% 2% 89% Sep 23 10Va Jan 16% Dec 14 9 Jan 28% Jan Jan Jan 2 22 9 95 2;, Jan 30% Nov 35'A Jan Oct Feb;.; 112 Jan Dec 111% 114 r.' Jan i 6 Feb; 25% July 6 9 Jan; 15 4 .,13% Feb 18% 8% Aug 17 7% Dec 10% July, 2% Jun 14% 1% 3 144% Jan 29 20% Jan 19% Jun 23% 120 Aug 25 2 36% Sep 25 5 50% Mar 24 3 59 x - 14 6 Feb 11 114 49% Jan 6 113 Jan Jan 6 110 Jan 8 , Dec Mar Dec 36% 37% 2 Nor OU Jan 6% July 69 July 22 July 39% July Apr 38% July, 54% Aug 60 Deo Dec 6% i 34% Dec 57% Jan Feb 40 Va Aug : 3 , 31% 111 Dec Jan 117% Aug 47% Dec 48% Dec 3% Dec 6% Jan 8 5 Feb May 27% 6 45% Jan 19% Jul, 17% 3 38% Jan Sep. 14% Aug 27%, Dec Mar 24 " 13% Feb 60 ; Jan Dec Jan 2 6 4% Jan 10 1 July 30 60 Jan 19% 6 Mar 16 Dec 27% 23 % Mar .22% Aug 25 31% Jan Aug Mar Dec 11% 5 Aug 24 3% Feb 150 8 5 15% Sep 18% Feb 16% Sep Nov 2% July Feb 13 10A 12% Jan - Dec 13 x 27 37 Apr May 2 Vb Feb July 20 Aug Jan 21% Oct; v Feb ; % 18% 3: 287 5 Dec Nov 1 13% Jan 28 Apr 28 Sep Dec 11% 20% Jan .17 Apr Jun Jun Apr Sep Jan 2 17 16 24 1 9 10 29 2 Dec 40 112 Jun Sep Nov Dec 100 1% Apr 24 2% May 4 59 July 30 17% 21% 31% 49 ; 6% 32% .26 9% Apr 20 , 5% 59 Dec Aug 27 16>, 34% Jan ..No par Apr 26 7. 126 ^ par ,.; Dec 3% 15% Jan 23% Jun No par Inc.— $4.50 preferred——No $5 pref series A 3% _.._No — $3 conv preferred A Spiegel 5 7a 115 *110 3% preferred.... 48% 26% Jan 2 12% May 20 ' *32% *111% $5.50 Spencer Kellogg & Sons: 6 15 17% Jun 27 / * Jan Jan 4% Jan 6 100 Sperry Corp (The).—— 35 32% Jan 10% 17 Apr par- r —±No par 24% ' . —...—1, *21 • 78% 1% Mar 24 29 > 100 % —J. Ohio stk tr ctfs *53% 55 1% Mar 14 7.50 —-No 21% 2% Dec Dec 15% Jun 6 6'A Mar 11 Edison.;.—„25 Gas Co. 24% *54% 3% July Apr i 4% 15 . —100 65 2% Jan July 35 9 Apr 15 13% May 18 5 preferred Apr Jan 62% Sep 6% Sep 108 July 10 15% July 28 .1 S'eastern Greyhound Lines— 16 *53% Va % July 17 49% 7 14 20% Aug 26 65 par 16% 65 Sep July 5 60 V;> 19% Apr 23 15 Socony Vacuum Oil Co Inc..——.15;,; 24% 55 % Apr 100 No 10 Apr 29 11% May Smith (A O) Corp.. _a_ 10 Smith & Cor Type v t c—.No par: Snider Packing Corp .....No par :300 13 42% , 2 2% Jun 30 / 10 Simonds Saw & Steel....——No par 69 13% ; No par Petroleum *21% *110 96 '127 Pen Co—No par *53% *45 47 *110 *95 129% 2% (W A) Simmons Co 200 2% - 8 % Aug Apr 29 Mar 6 May 21 10 % Apr 24 ,—j.No par 24% 32%, "3% 1 . Shell 4"% 54% 4'A 30% ..No par ; pref ser A__...No par (Frank G) 21% *31% 115 3 - .*40 1% 3% Mar 24 6 8 No par 65 2% 32% *45 2% *54%- 32 31% 42% 2% *34% 2% *31% 35 35 1 Apr 14 52 V* July 8 .No par preferred conv Sheaffer Simms 27 i 24% % 55 2% - 47/a Jan 1 — .21% . 35 *54% . *39 2% *53% 65 *21 31% : 2% *2% 2% *53% 44 „ 16% 16% '31% 57 i-V Jan Southern Pacific Co___———No par " Jan 43% May 5 par 1,800 16 Ve A Feb 10 39% Dec 57,700 16 112 Dec Dec 15% 15% 115'A Mar Dec 94% 31 9 17% Jun Va 10% 15% Jun 107 Sep Sep Apr 11% 14% 15 109% 23 Sep 8% 79 25 10% 15 10 Sep 36% Jan 23 28 17%, 14% Jan 110 9 11 Jun Jan 15 7 116 106% Jan Vb Jun Jun 12% 13% Sep 10%' 10 10 14% 25 Sep Sep 113 A Mar 21 18 17% 95 25% Apr 16 109Ye Aug 17 par 17% 17% *9% *2% 7% 19% 14%, 31% : • *14% 10% *38 ■ 2% 14% . .7 19% 9% , 8 13% 14% 13% *2'/4 , "7% *11% - 2% 13%. 2% 13 7 14 19% 10 45 *16% 17 VV *13% 14% 15 . 17 *108% 7 2% 13%. 31% 112% ; 19% 10 2% 27 *64% 14% 13% .31% 7" 7!, 7.65S4A7 conv $3.50 2,700 20% 2% 10 *37% 28% 20% 14% *127 24 May 15 47 Dec 10% Apr 23 1% Sep 16 .No Steel Corp Shattuck 1% 19% >> 13% V 7> 711% • 8 10 , 65 *108% 13% 7 13. 21 26%. . 16% : >*11% >' 7 13% 2% 14% 777 112% 16% - >; 8 65 *108% • 19% 19% i*127-':; 77% 2%: 13 •13% A* 14% 14%, .19 % ' 13% 8 2 2 2 *14%, *11% - 26% *64% *1 1 Va *20% 21 19% Sep 78 par ... Sharpe & Dohme 1,200 *26% ' 26% 69 $5 400 13% n 1 Va *20% 66 A 7.r,V 65% 108% 112% 7 *108% 112% 17 "A ■77 *16% *16% 17% 112% *108% 130 *2% *1 21 26% :■ 2,300 2% 2% 13% 26%; 600 6% 13% *2% 13% 1 Vb - 62% 6% 2% 2% 13'A *66 *61% 6 13% *2% 13 Va *26 . 6 15 ; 7:7-7 *1 % ,7 *20% Corp Inc... Sharon ,250 14% 1% 3 Apr 106% x ..—100 Sears Roebuck & Co 1,500 14% 2% 21 62% *61 7 14% 13% *20% 6% 15 2% 21 56 Va 6'A 32'/a 13'A *20% 55% 6% 56 32% 2% 19% Jan 23 ....No par preferred Seagrave Servel y >4oo 32% 13% *1 8% 32'A *2% 1% 800 4,300 14% 14% 3 _5 —No Apr 35 3 Jan 9% May 19 12% Apr 28 No par Seaboard Oil Co of Del 27,500 33 *13% *1 > 54% *32% 33 4-2 % 1,600 A>7%7;A 8% 8% 6% 6 2% 54% 7% 5,300 May 8 Jan Jun ■ ■,77. 13% Apr 6 July 44 5 No Va 1 % July 4 Sep 22 110 —100 : 10 29% Apr 30 104 ____No par preferred {Seaboard 23 2 — $4 preferred.! 12,500 7% Sep 7 • 55% 62% 6 ,7 7 7% >8% 6% 2 54'A 7% 1 12% 2 54 56 62 Va 62 Va 12% 12% Ay':- 2 8%: 6% 6% 62 6 >7; 1 >7 1 I . ,7 54'A *55: 56 6% 2 > 7% 77:7% *8% 8% *55 • r 6'A 53% > 7% *8% 56 >7 2;-:.' 54 7%, 8% 6'A 6% 6% 7%; •7 53% 7% *55 56 *54% > 53% *8% 8% *8% >;■>.: *i% 2 *1% 53% 7% 1 % *13 13% *13 54 >7 7: > *% % 13% 2 '-r>; Dec Jan ■ *% 13 % i1* Jan ,.—100 Paper Co $4.50 10 3 5 No par . preferred io Dec 2 Schenley Distillers Corp.... 5% % preferred 19% •a 22 100 Savage Arms Corp— 95 5 1% Sep —100 ... 9,000 18% 7 . 5% % Feb % Jan 100 * Jan Dec Nov 8% Nov 2 A Jan 100 a preferred Safeway Stores 130 95 113% 112 '/a *110 Va Va 13'A n7a * 113% 110 preferred 5% 1,900 19'A 34% 34 *112'% 37% 7-: Francisco {St Louis Southwestern 490 94 x94 95 20 . 7,,: - 107 77 107'A 11% >■• 11% 11% 19 19 Va 18% *93 8 ' Louis-San 6% 3,130 9% 37'% 36% 11'A 'A 1 ■'( *5 108 107'% Va .;>■. 9% 10% 36% 36% : u: 7% *9% 108 "• Va 1 v *5 7% 11 112 11 1 10 . 36% 113% % % 7% 108 *112% 112 > % 10 v 19 34 ' .. 96 34 *100 112 *110 ■ 107/a *93 Va. %>' ■ 36% *10% 113% 113% 113% ;• 108 19 34 34 *33'% *112% 36% 95 *93 •• 7% 10 108 11'A 18% 18% 93 36% :i . 1 Va 9% 108 Va 10% % *4 7% *107 1 Va '■ 9% 7 36% 108 Va - - ; Va fV - 9% 36'A *107 VB Va 7.;: % *4 9% 9 , ; 77: Jan 21 ' , Jan 5% 14% May 34% Jan 34% May 13 No par L Joseph Lead i 108 Jun 113% July 1 per Tuesday shure 9 per share ' % % 1 Va *7 77 k 6% *8 8 Va 8% % 1 Va 1 Va 1 Va 7 % 7% 8% . 8'% K & 1 V« A % * . la 1% 2.400 1% 1% 1V'4 6% 7% 814 8 8 814 814 8% 9% 9% 9% 9% 9% 237k 23% 2414 24 24% 24% 2334 23% 24 23% ' 24'/« 24% 24% 39 % 39% 39% 39% 39% 39% 39% 39% 397k 39 % 40 30 % 30% 30% >30% 30% 30% 30% 30% 31'4 31% 30% 31 30 267k 2674 >26% 27% *26% 27% 27 27% 27% .27 27 26% 54 Va 54% 54% 55% 55% 57 Va 57 Va 54% 54% 57 54 %. J 7 7 6% 7./; 3% 3%. 3% 3% 3% 3% 3% 3% 3% 3% 4% 4% 4% 4% 5 4% 5% 5 4% "4% 4% 4874 4874 4874 4874 4%' 4 Va 4>/a 4% 4% 49 *48 49 124 124 1247k 4'/a 37k 127 k 127k 127k *1174 1 Va 1 Va 1 Va 1 Va 37 k 12% *1 1% 4 4% *10 21% *4% *10% . 21 % 25 % 25% 17 17 17 Va " A*4% *4% 4% 38 *3314 38 5 300 ?/'. 1 't 2.700 25% 5.000 177 k 1,200 Sylvania Elec 4 *4% 4 - :■ -4% *33'% 38 .214 2% *214 2% 2% 2% 2% 2% 27 k *814 8% *814 8% 8% 8% 8% -8'% 87a 87k 35% 35% 35% 1,300 27k 8% 2% 2% 2% 2% 31 % 31% 317a 31% 6',« *6 5% *35 *2Va *45% *3 V* 20% 19% 3% 2% 3 »/2 %• 10 374 77k *7'/a 25 VH *2474 *7 77a 25'% *24 7k *'% / V'i sk 1174 11% 87« *8'% 897k 89% 26 Va 2(i'% 267k 26% *35'% 36'% 36'% 36% 4'% 4'% 4% 11% 267k 27 27% 3674 3674 37 ll3a *23 7 a *434 117 k ■ 1 62% *6 7 a 6% 117k 11% 11% *23 7k 24% 237k 237k 237k 474 474 474 474 47 k 67% 69 ',4 574 574 67 „ - -67% ,/. 5% *5% : Timken Roller 1,500 3.600 Transcont'l & West Air Inc. 4'% ; 1214 23% 24V4 23% 47A 67 ,'?•/ 57a 6614 65 ; 5 *5% « . City 17c 470 . , preferred Rapid Tran. preferred Twin 900 1 3 Jan 5% Aug Dec 3 - 23% Nov 16% 5 26 5% Jan r-i 11 20 ' ' 25 19% May Aug Sep 7% July 3% Dec 5 3% May May 13 5 24% Dec 16% 5% Nov A'A Dec :M 38'% Aug Dec 27 A 33'% May 21 A •'A 7 par _No No 28 Jan AAA 374 7' Jan 15 47k Jan 2 3474 Feb 27 Jan 7'% Sep 3 2 33% Sep 17 a V' 127k Sep 85 Mar 28 95'% Jan 9 22 May 20 34'% Jan 31% May 21 :f 43'% Jan 6 : a; 4 7 ' OO ns Jun Dec Dec V 99% Dec Feb 357k Dec 4 Dec 5% Jan Dec 17% Jan 8% 67k .A 1'% July 10 (A O 67'% Mar i Feb 6 11% Jun 2 13'% Sep 25 19'% Jan 2 25'% Aug 19 1% Jan 2 21'% Jan 2 73 May 16 A A Sep 674 Jan Mar A AA 7k Sep 'i, '51'% "Jan 10% Aug 2 Jan AA 75 Dec ,Jan , 60 Dec Feb ,7% Jan 11% Aug 12 7'% Jan 4# . 13 5'% Sep :- 9% 4 11 'A- 4 30 7'% Aug Jan Jan ':A. -18 > .3774 t 5% Jun A Dec Jan , 1% 95% Aug : 1274 Mar 17 74 Mar 14 • Jan 6 11% ■ j: 56% Jun • Aug 34 AA 9% Mar ; V Sep 24; 12 A 3 Jan 40 27% i. 8 4'% July 23 Jan 5% July Nov '% 7; 5 A' 107a Feb 7S% May 15 i 100 3% 2474 5 v , *■■■"• A 25 2 12 Sep 60% Sep . Jan A 74 July 29 Jun 8 Sep 47k ; 7 'i A; 7 27% Jan ' 44 ^ Dec 3Va 30 •8 74 Jan . A 14, A Jan A May 10% Dec 38 5 50 7 2 July ? Jun .• 28 Jan " Mar JO A 67k Aug 14 : Dec 32 11 3 - May 20 Jun 42 774 July Dec 5 Sep A/ 38% Feb 374 , . Dec 4»/» May - Dec 23 A A. 574 20 Sep 46% '•■■■ 5'% Mar - 1 A. 67k Aug 9'% Jan ? Dec 30'% : Jan 9% Feb 2 6 20'% Sep 4 . 34% 14 M 67 a Jan 2A ... A Dec 6 27 34 7% Jan 28 Sep par — 6 A Mar 27 • par No 16 15 Apr 5'% Jun 10 — 97a Jan 3 May 26 1% 25 / 39 '% Jan . . Apr , 2% Sep 11 par — ■ 28 Apr Twin Coach. Co.. ,—'——j 1,100 6 __ Sep 474 Aug . Apr par No - Fox Film Corp Cen 23 : 177k July .1 -A -^1.—4V- $1.50 4,300 24 65 ,65 6 574 A 574 20th 20,800 4% 4% St'L Truscon Steel Co— 13% *11 18% July 13 27 Sep 16 Apr v No par Corp 2% July Dec ;a <.-■ 5 25 .—•5 -No preferred Truax-Traer 11% 12% *4% 47k 65'% . . • 13 11% $6 v 630 >. 6% 6% 140 ' Jan Dec 3 !: ■•:!/ 2'% July 14 A A 2 Tri-Continental Corp 3,700 1% 63 21 Dec 1% 14 1% 5 30 Bearing.j—. .No par Transue & Williams 300 ■ Jan 9% 9 Jan 13% Jan 3'% Apr par Transamerica Corp__j._^,A 12 July 9 12% 15% Jan Sep 41 10 1,100 12% *11 24 11'% 1% 6'A No Axle 4.700 *1 '62 127 k 24'% 574 *11% 1 65 6% 11'% 1174 * 57k 1174 1274 Detroit Dec 126 Dec 5% Jan 2 Va • preferred—— _No par •7 t$4.50 conv Jan Jun 17% Sep .... . 277/a 47 k 4'%: (J R)_ Tlmken Nov 3% 25 7k • 10 preferred-l—'. 37'% 1 6 % *11 11 Va 1174 5 470 *63 1 .: 62 62% 67k par,, J. .100 — 1,800 *37 • 12- *11% 874 90'% ; A. v>:'! 1 1174 1174 1174 , : 66 65 4% 11% *11 11 Va *11 4'% lls<k *61 6% 6% 6 'a 11 Va * 64 *61 47k 117k v"' 1 *7k 1 4% 117 k 4 .12'% 12 117k 64 ',2 11 Va 87k 6% 117% 25 1 Tide Jun 8% Jan , 14 5% Jan 13 28 20 3574 Sep par — _ Jan 66 v , 126% Aug 17 Apr 13 May 28 May Apr May Feb May 40 Dec 50 Dec '48% Aug 3% May 27 4% Jan ; Dec 4% Jan par No — 1. 277k 37 117 a 67a 1,100 i.ioo 90'% 277k 36'% : 4% 11'% 26 7k 36'% ; . A.^ 874 26% *1074 *11 -74 127 a 66% 5 Thompson-Starrett Co. $3,50 cum preferred.,!.^. .No par A „10 Water Associated Oil.. 74 127 k 90'% 90 90 897k 90 8974 90 8% 874 *8 7k 87 k • 7« u 12 Va Apr 30 Thompson Prods Inc———: -No par Thompson 26% i i I U *117a )« 117k 87a 874 *8 7 a *11% 26 1 9 7% Jan 900 7% *7»a 7% 26% 25% 26 55% Jan .1 % Mai- , Third Avenue Transit Corp. .'No par " 89% *60 *7 7% . 28 Apr :4% Apr • *7 *2474 25% 117 k .11% •: 11% H'% . 77k . 8% 1 900 % ' % % *% *10% 374 ' *3 % 374 *7% *24'% 3% 37 k 374 *3% 374 *3% 8% July Dec 5 1. $3 dlv conv DeC 3 7k 2 j——i. 'No Co Thermold 7 33 *31 4 % 21 .100 preferred ' • 374 >. 3% Mfg Co conv 5 5% Feb 28 No Preferred » 400 3% £3.60 5% Jan 2 par Pacific Ry Co.—.. The' Fair.ul 100 47'% *3% 3% 33 *31 33 '•'•*457k 47 Vz 3% 3% *30 33 3 • 100 16. ..10 No . . Pacific Coal & Oil.^. Thatcher 400 " Apr - Texas Pacific Land Trust..... 6 *27k 3 *45% 4,900 37 *36 51. 25 46% Feb , ' Sulphur. Texas Texas & 25 7 % Sep No par Produc'g Co Texas Gulf - 57 % Sep 7% May 14 Texas Gulf 11,400 1 Dec •4 25 1,700 • 574 20 *5 7k 5 7k *2% 46 Va 3% . >30 1934 38 *45% 4574 457/a 37 ■f' 20% - *34% •2%' 274 *2% 33 *30 *34 36 36 5% 5% 5% 514 5% 3% *314 3% 19% 46 *45% 33 *30 5% 19% 27k *2'/« 46% 5% ' 37 *35 27(i 5% 5% t Dec 29 __ 1,400 .« 33 16 32 . (The).— 2,000 6'% 6'% *5 7k 5% 19% 514 *5 36% 6i A 27a 33'% 33 ■ •6'/8 6 % 37'% 27k 33 32% "■y 6, • 2% 2% 2% 32% A 5% 18 5 5 6; 19% "5% ; 5% 17 % 17 2% . 32 r 6 A 6 6 32% 23/a 2% 311* 367k 37 % 3614 3614 36 Corp Texas Co 3 3474 Jan 9 ..50 A ; %'/» Tennessee 400 • A 7,800 33 % Jan t.!34Va July 25% Mar 15% Aug 17 374 Aug 3 .,,1 Corp partic preferred—. Telautograph Corp. — A .5 - 28 25 19% Mar 11 Talcott Inc (James) 47k *4 7 k - 38 *33% 33 20 Prod's Inc....No par Symington-Gould 3,900 4'% 2% 36 ; Swift International Ltd 17% 37 k 27 116% 3% 11 % 1 9% 177k ,3Vs • 25 21- 25 V4 17% . 6 42% Jan 43 ' ____10 Swift & Co____ 2074 25'% "8 V4 357a ; (Th^)—*—12% 21 % *2 7k 35% Sweets Co of Amer —- 25% 38 1 *33 % ■ 1074 27 % Jan 374 Jan •, 100 Superior Steel Corp— Sutherland Paper Co_A— 300 28 42 Apr 24 5% Jan 2 3%Mar 9 ___.No par ——1 100 (The) Co Superior Oil Corp,,— 400 Nov Mar 14 •>.. 4 par cum) 21 4% *4% 4% *4% 4% , *33 38 *33 Superheater V •v 21'% *21 ;,/■ *4.1/4 5 - *17 37/a 37k 37k 37/a 37 k 37/a 37 k 21% 25% 17 17 17 21 25% 25% 17% *4% 21 21 1,100 1'% (4%% 22% Mar 25% Apr 2374 Aug ,__No par pfd Dec 17% Mar 25% Apr Mining Co_A————-i-lOO 1 Sunshine 127k 1074 , 21 % *21 5 *4% V 10% 10% 21% 5 4 % 127 k 1 Va Class A 80 v 3,100 10% v Jan 4% Mar' 21% Mar 24% Sep (The)_A——___'l Sun Oil Co-.i 600 37a * 1 Va 12% 1 Va 1074 21% 2074 257k 37 k 10 Va 21% * 25'/a 21 25 % *17 10% 5 Studebaker Corp 4 12 1% 1% 21% *4% 20 % :• 12 % 12 1074 21% 5 13.700 124'% 37 k 4 37 k 4 21% *10 107k *21% ; Dec share 1 % 30% Apr 24 w 10 -5 1 Webster,,—-No & Stone Dec 8% 'A Not 18 No par Stokely Bros. & Co Inc,_——, 1,500 ; 6.200 % % 13% Jan 14 . 9 per share 20 , 25 L S_^__ (The 1 Co Starrett 4 • > 4 124 125 *124% 125 / *124 125 ' *12 37k 48 % 48 48% *48'A 124 *48 % 1 " Highest Lowest i S per yk Jan 7 17a Jan 6 11% Jan 14 _ Apr 28' • ,6 ,• No par ——_25 Sterling Products Inc____ Stewart-Wajrner Corp____A—; ! 3,500 / par ' " *123 Oi} of Calif_____ Standard Oil of Ohio 600 4% 4 Va preferred—'rNo Standard Oil of New Jersey—25 ! 2,100 ' 3\ Sep 3 % Apr 25 5% May 14 .--No par Standard Oil of Indiana 2,700 5 4'/a 4% 4 Va 4 p;rior Standard 23,000 3% *374 4 Va Year 1941 -i Highest ■. ;» 9 per share $ per share prior preferred——No par $7 cum 7.500 A 7% 7 7 7 7 *6% ' preferred ' •7 Previous Range for Since January 1 of 100-Share Lots .%■: Lowest 4: ■ ,No par $6 cum 5,600 * 24% 237k 24% 2374 24 23r'k *4 % $4 c 13.600 237k 24% 23% 24% 23% *6% A..; vA A.- EXCHANGE Standard Gas & El Co, ' ' Basis On < Par 1,400 ' 55 ' A- A 6,100 ; 1 % A 8%• A" Shares 1 1.1 1 % 1% the Week 9 per share share Range STOCK ' Sept. 25 Sept. 24 f per share S per share 9 per YORK NEW for Sales Friday Thursday Sept. 23 Sept. 2-i Sept. 551 Sept. 1!) STOCKS SALE PRICES Wednesday LOW AND HIGH Monday Saturday Monday, September 28, 1942 & FINANCIAL CHRONICLE THE COMMERCIAL 1126 5':v' May • 97 k 24 16% May % 12 16 12 Sep Dec 1% July Dec Feb 27% Dec 29 A, :••. A 4 7k Sep Sep 8% Jan AA u 367 k *36 3674 77 k 69 74 *112 Va ; ..:• 106% y;; 12 % 79 74 7774 , 127 k 777k • (A'A 106 13 •77% 77'% 777 k 22'% .2274 277k 27 7k 95 94'% 95 94'% 147k 14% *112'% 70'% 113 *105% ■; 13 127k 13'% • 37% Sep 5 7 Dec 12% Jan 7474 Jan 3 60 Feb 79% Sep Union El Co, of MO $5 pfd_i_No par 108 .113 /•Preferred $4.50 series,*., 1,'No par 100% Mar 24 108 •!. 77% 777k 777k. 7774 7774 A 22'%i! ;> 227k 227k C 227% 227k , 2.9 7k 2974 297k 29% 29% 95 95% 947k 947k r: 14'% 14% 80 Union Oil of 100 95 137k 14 .13 7k *147a 15 *14 7k *109'% 46'% 19'% :\'± 117a • 37'% 274 *46% A'/;! 1174 1174 *2'% •> *37% 38 - 1,300 57k 6 *26% 5474 547k ; 374 37k 374 374 147 k 15 3 74 40 9% *26'% A; 37k 374 % *51'% Aircraft Corp—'—*,———5 237k Jun 37k* 3 3 43 9'% 974 9'% 5174 *31 6 % 5'% 40'% 317jk 31 . 5174 173 173 40% *574 *39 ' 84 4074 52 197k ' ■ *51'% .4- *173 18,400 United Drug 600 v Moo / ; 17,800 574 5% 41 • *39 37 k ; 37k *3 7k 3% j!. ; ' 82% 4074 97 k 9'% 52 52 .• 32 *5% *39 V ,32 : 57k 40% '13,700 ,./ : ' >400 2.100 1,900 1,400 A €0 3,010 A 33 $5 40'% MeV & Manu Inc v t c_.1 United .Paperboard — 10 U S & Foreign Secur——No par $6 1st preferred —_-.No par U S Dlstrib Corp conv pfd———100 1 U S ;300 Co_,L——No par Gypsum Co———— preferred — 7 7c U S *374 3% 4 3% *l% 4 1 • 3% . 374 13 112 *106 25 % *12% 1-113% 25% 25 13 1274 >106 113% 25 25 *28 29 29 *26 % 26% 2674 26% l'!f 115 1974 1974 86 86 46'% 64 64 46 % y 4674 109 % 109 *19 19'% *42 7k 43 74 Tor footnotes *28 2674 12% 13 12% 1274 *106 31 120 *106 115 25 25 5« *46 % 29 1274 25 25 25 *2774 27% 2914 277a 27% *2774 1274 *106 U S 100 2914 29%. 2914 28 % 2374 1,800 25% . U S '4 2,400 tV S Realty & 197k 20'% 20 2014 2014 2074 2074 21 867« 8674 8674 86 % 87 87% 87% 8874 89% 46% 47 47 49 50 49 63% 46 46'/4 *19 *42 7k see 10974 197% 43'% page 1127. *63 4574 h-* O CO 19'% *42 7k S 1,800 3. 19 34 109'% U 2974 46% *63 U 16,800 S * 63'% 46 3k 47% 63 4574 109'% 109 19'% *19 43'% preferred—-J——100 Pipe & Foundry———*-20 Playing Card Co— 10 Plywood Corp—:— —1 10 *8574 20 200 43% 4874 63 % 6374 63% 47 47% 47% 109 108 74 109% 19% 4314 19% *44 19% 44% 63 74 471/4 109 20 *43% 49 % 64 4774'109% 20 44% U S 1,400 1st ,U S Steel Corp... *" .Preferred 3,900 10 Rubber Preferred 900 29,500 U 3% Jun 5% Jan S Tobacco 7% i— Co„, preferred—— 50 —No par 52 Jun A" Dec : 37a Apr '30 60 May '• 4% 16 33/a 51 53/aJuly / 42 : Dec 10% Dec Jan 106% Jan 100% Dec 28 15% Sep 25 8-y« Apr 14% 2% Sep 10 4 % Feb 27 2% Dec 4% 27a Dec 2% Apr Jan 25 43 Sep 22 9% Feb 19 July 26 7% Dec >13 July 37% Dec 54 % July 40% May 13 May Sep July 6 Feb 117-4 Jan •7 6% May 14 159 4 Jan' Nov 3% Jan 9 •17 117 87 17 77% Apr Jan 79 93% Mar 27 17' Sep Sep Nov ;■» 173 9 Sep 170 21 6% Jan -1 14 Sep Dec 83 Apr 4% 937k 69% 1183 Feb 21- 33 Feb 27 20 9% ! Apr 43 Oct Jan Jan Jun Jun 33% Aug 2'/a Dec 7 Jan 2 14 Aug 18 5% Apr 99 Jan 20 114 Jun 10 54% Feb 27'/a Aug 24 20% Dec 30% Aug 7 25% Dec 34'/e Feb 297k Sep 25 18% Apr 26 Sep Mar 11 % 2% Apr 4% July 30 28 May 7 26% May 1 22 20 Apr 27 % Aug 21 13% May 54 58 6 Mar 10 37% Apr Apr ' 1 4% Aug 10% 105 A Oct 2'/8 July 21 Sep 25 Dec 28% 89 % Sep 25 58 Dec 103% Sep 51 % Jan 14 43% Dec 65 Vb Apr 19 69 Dec 76% Jan 47 Dec 70% Jan 17 28 71 Jan 13% 44% May 20 5574 Jan 3 107% Jun 30 119% Jan 13 105% Dec 15% Apr 29 Jan 5 19% Dec :——No par 46% Jan 14 39% Mar 27 Sep 31% Aug Dec* ,.—100 —25 Jan 6% ; .. Dec 3 ► Jan 30% 17 a Sep 1% AA A 207k May 8ep 21'/8 A 2-% • Jan 14% July Dec 13% ''V 1 Dec Jan 113'/*- Feb - Dec • July 17% Dec 15 Sep 44% ;11% Apr Impt——.No par Co.——— 10 preferred——r—100 Smelting Ref & Min—50 8% 1.900 1,000 No par A—!——No par Co.—, J. 5 . A Sep •' / Dec 35 . . ,31 Dec AA'AV'1 16- Feb Industrial Alcohol——No par 11 28 % ; " TJ S 35 >72% Jan ; 41 Prior 100 * 25% 5 1 34% Jan Leather 8% ' ' * ;v 108% 10 6% Sep 3% Mar 11 3 Jan 28 Partic & conv cl 1,200 1274 50, 33% Aug 21 112% Dec : July 16' 30 conv CN CO %M 15% Nov A*'; 97k May • 22: 3 24% Apr U S : 115 7% Sep ; 5 preferred——.—50 Hoffman Mach Corp.— ' *12V2 - *4% Apr 15 11% Apr 28 27 ! *3% 20 100 Dec 15> 4% Apr 34 % Jan 5%% 70 •4,700 33 327k S Freight 3,500 A Gas. United U 57k *5 7k ImproVt—i-—No par preferred L-——«--No par 1 10 *39 167k Jan • United 5 July 28 4,800 Fdy„_. 5 Co__—_l——'No par 26 2 48% Jun ■ ; Cos.———i5 11 24% 25 'Feb 74 Jan 20 27 257k Jun 2V000 97k par Jan 5- Jan " par 85% July 15 Mar ,Jan jj Jan Dec 51 48% Sep I May 16 United Eng .& 53 53 Coal 37 : United Fruit *173% *173% ~5 7k 9'/a 9% 52 74 par 100 Electric United 2,400 82% 39% 15 par 85% 6' 23 Sep 112 •>'. ••. 3 42 9% Mar 10 ^^10 Preferred 120 15 10474 Mar 24 Dec 73 . 6J .10474 Jan 17 - 16 A 57% 29' y367k Jan 17 100 Inc../5 /United Dyewood Corp.—^ 4 Apr 7% Apr 89 Dec Feb 24 30 , par * 3% 3 100 ; . 15'% 84 40% *374 15'% 39% *5'% 3174 7 100'% 10074 101'% 84 40% 374 4 43 5% 3174 . A: A ' ' 54% ; 37k 4 A: 574 27 84 40% *374 54 *2 7% *173% 31'% 31'% 53%%: • > 37% *26 7k . 15'% ' 15'% 3 9% 37k 27k 57k 57a *100 37k 52 ' *2'% >, 7% 37'% 27'% A 15 3 41%- 52 - 7 Vk :. 37% 574 53 100 37k 2%; *267k •• .27! 37k ' 15 7% 37% 5374 *81% 97k __ 6 774 2% .' Co—w-No 5% ' Jan Dec 11% X 6 81% Feb ' Transport,,—/!,-—.5 preferred—-—'— United Carbon CO———No United-Carr Fast Corp..;-——No United Corporation———-'.No $3 preferred—!———No A , 13'% 13 A preferred^——,100 Biscuit United A/_._ " i'o 13'% conv 20,200 / « .12 5% Jan 11174 106% July 13 ; - 8074 Aug 21 2 3 9 13% Jan .; 17 Un Air Lines 300 •48'% *18% ' '% A 37k 37k *8274 *267k- 100 ' 374 84 • 38 : 52'% 37k 4074 . *'5 7k A.; 15 39'% 173 "172 [ 6 27 v *8234 *2'% 38 100 100 15 v' v 54'% A 54 147k •• 34 97k * A A 48% 197k 1274 27a A 40 *8274 ■J2 137k 77% ' 3 7k 3'% *3 3% *3 487k . ■ 6374 Jan 74% Jun 800 1474 . 1 May 21% Aug /preferred,-—-1 United 7.700 AAA 16.900 111'% 487k 1274 39 57k « 997k *99 100 >147% *109% *18% 274 *2'% *38 547k 20 / 77k (A; V/.A 774 77k 27 547% 15 111% 15 *109% 48 A; 1474 V"'. rJ<; 14% 15 111% .-''AA.. i/4 . • A- ' 38 67k 7 15 *46'% Hi 274 27% 95'% ., *18'% ' 12 1174 ; 7'% 7 *57k *1474 *109'% 48% 20 *26'% *99 *147k *18% .% 17k *2 7k 15 U 1174 ' / 77k 14'% 111% 19'% 19% f) a" . , *109% *947k , 147k 477k 47 • .;•> 94'% 5 *147k 15 111% *109'% 111% 467k *18 % • 10 100 4 7c ' A/ 39% July • Apr Union Tank Car,—No par 1,600 . California—Ak———25 Union Pacific RR Co,—— 2.400 , Carbide & Carb——No Union 3,200 : .... 79 34 ' Dec 9'% Jan 28 May • 6 10 A- 7974 79 >27% 21 58 79 74 A. , 2 7% Sep ..No par par AA 106% 13 28% Jan 1—No par Papers Union Bag & A ~'^rl40 71'% 113 113 M 106 106 13 787a .i 28'% *227k 28 '.. ••/; 3.800 , A A 6,600 28% 227a 2774 23 70 74 6974 ; 77k A,; 777k 22% 77'% *2774 697k 113. 367k 774 77k Under Elliott Fisher Co 1.800 3674 37 . 7% 7% 127k 79'% A. 37 367k 106'% *112'% 787k *22 7k A 77k 69% f,A; ' i ..A., 70 113 106 *112'% 106 • 36 v- 7% -1274 •79 79 , 36 69 113 12% 79 74 106'% *112'% 105'% 12'% " 7 69'% 69'% 69'% 113 105% 36 7:,k 357k 7% • 7»% 24 „ 42 Mar .130 Sep Jan 33% x Jan 50% Nov /.;,>' Number 4111 .Volume 156 THE COMMERCIAL & FINANCIAL CHRONICLE : 1127 ; NEW YORK STOCK RECORD >:>>>>' Monday Saturday X i 1 tt ; i% . % v'- % Ml 12 *41 Va 13 % *12% 12% '*12% *52 Ve 52% 52'/a *12% 12 Va 52% 12% 53 Va 12 Va • 50 53 Va 53 % Shares 1 Va 9,400 United % 3,000 United Stores class A % ■ *43 f $6 50 % 6143 > *150 > * Mr *12% V;v> % 160 *150 160 151 *144 160 V *148 160 '• 8ft 150 *148 150 *150 > 160 Leaf preferred ;«>i * *% r7ff *24' Va >> A *%, Vff -25% *24 24% *24'/« 15 % 15% 15% 15% 15 Va 15 Va *7% 8% *7% 8Va *7% 8 Va *23 Ve 24 '/a *23% 24% *23 % 24% *115% 117Va *115% 117 Va *115% 117 Va *33 *33 33 Va "33 33 Va * *115% *50 *50 64 '75 *19% *53 Va ■> /■ 2 32% ' *115% 116 17% 18 *25 *28 Va 28% *76 Va *122% /'' 8 Va ' 8 7V2 • 18 *97% 102V8- 3% 16 *15% 8 8 8 Va 24 24% *7% 15% 15'A *31/4 16 ; 4 24% * 3% % *3% '> 3% . 5% 23 *22 22% u 22% 79 >»5% 5 Ye 5% 5Va >76 *% 22% *% )k *22 79 ♦76 ■ ; 5% 79 *76 . >22 % > o 23 76 " I 23% 5Vs , 76 6'/a * *% 1 Ya *Ya ; 1 *% *% - * 1 *% 13 1 *% 1 / - Class Warner 30 $3.85 , .. 1 - *Va 300 % *21% 24 *21% *21% *22 24 24 22%: 22 22V2 25 : *22 25% ♦22 16 Va *153A *22% 25% *15% 16% 13 *16 Va 16% 163A 16% > 2% 2'% 2% 2% ' *15Va 15% *153A 15% *12% *15% vie ••./• 13 "121/4 *16 > 16% 16% :;/> *2% 2% 15% '> 15% 15% *67% 69% 2% 15% ■ — Warren *66% *66% 69% 9Vs 9% 9% 49 % 49 108 % 61% 60 51 51 "108% 108% *10% 11 98 *95% *14% 14% 109 10% *95% Waukesha' Motor Co—»———5 ! 200 Wayne Pump Co 2% i 300 Webster ; 700 Wesson Oil & Snowdrift 60% 108 'A 41 60 52 *108% 108'A *11% 99 14% Penn El 63 52 250 7ft 6ft 52 109 *12% 13 300 *96 Va 99 14% 15 *108% 14 Ya 14% 6% 2% 2 Va 2% *2 Va 2% 2% 2% 2% *2% 2% 2% *5% 5% *5% 5% 5% 6Va 6 Va" 6% 6% 6V4 6 Va % % lVa l3/4 1% 2 i 1% 1% 1% 25,100 29 28% 29% 14% 14% 14% 27% 28 14% 14% 28% : 14% 71 115% 25Va *24i% 71% 70 3A *114% 26 *25V2 108 *1071/4 50 29% 28% 12,100 >> 14% 14% 14% 14Ya 14% 9,300 72% 116,% 25 26 *24 26% *25 % 26% *25% *107 V* 108Ya 1073/4 100 : 400 1 30 50 *82 50 . *82 84% *82 84% *40 50 *40 5% ft 84% *18% 19 19 193/4 *60 60% 60 60: 603A 60% 60 3/4 *13% 13% 13% 13% *13% 14% *13% 14% *13% 14% *13% 131/4 ♦3% 131/4 13% 13% *13% 13% 13% 13% 13% 13% 13% 133/a 3% 3% *3% 1% l3/4 1% PA 1 Va 1 14% 4 50 z*3i%: *18 3Y4 *109% *17% 16% *103 *43 Va 2 1% lYa 28 *109'% .120 16% 115 16% 48 *91% 52 120 *17% 18 18 28 Va 28% 28 16% 121 16% $4 conv 45 Prior 2% 7,300 7Va 54% 55 *109'% 6ft 121 , 121 >115 121 *103 115 *103 115 17'A *103 115 *44% >> 95 v.. *47 • 47 *44'A 48 *47 *45'A 47 >103 ; 115 473A ' 473/4' : 47% Worthington P & M (Del) —No par ; preferred A— 100 6% preferred B 100 Prior pfd 4Va% series^. 100 Prior pfd 4% ft Conv series—100 7ft '•• ' 48 , \ ' — 473% *451/4 *47 *«]:' 49 ———-10 Woolworth (F W) Co 2,000 • >•£•>•>•> 121 pfd -No par No par 100 —10 9.800 ; ' :>. — Woodward Iron Co 400 *115 ;; preferred 200 ' :> : *50 52 18% Mii/8 87f ■4S.1V1 Sv 6'8 ■4>8 *2 ; 95 53 *18%19 19 193/a 19 , >;.v>87/,-, >- 95.' 7% *19% . 53 20 *84'/a 84% 8% 84% 8Va 84% 8% 8Va 8% 8'A 3% 8% 14% 14% 14% 14% 14% 14% 14% 2 Va 2 Va 2 Va ?Ve 2Vs 2 Deferred delivery, 8 2 *Bld and asked prices; no sales sale, s Special sales, on this x 12 12Va 120 120 *6% 6% 29 Va 30 ' day. . 12% *118'A 121 6% 6% 30% 31 Va. fin receivership. Ex-dividends, y Ex-rights. 12 84Va 84 a ~ » 12 12Va *118% 121% ; 6% 6% 30% 31. *83 300 84% 2 Wright Aeronautical———No par Wrigley (Win) Jr (Del) No par 600 Yale & Towne Mfg. • - > *52% 84"% 84 A 14% r Cash 19 95 53% 12 121/4 120 120 *6% 6% 291/8 293/4 2 Va stock, *93 *51 Ya 95 6V2 295/8 6% JiVfr 7 /8 *14 Va 95 52 *14% > 84/8 7/4 187/8 *,Ji/8 12 118 122 *91% [>V':52-/> > 20 *13,700 80 y 1,100 > 4,700 , '">!' 120 3,700 . Co 25 Yellow Truck & Coach cl B 1 Preferred™— 100 Young Spring & Wire —No par Youngstown 8 & T No par t5%% preferred series A 100 Youngstown Steel Door——No par Zenith Radio Corp_„ .—No par Zonite Products Corp. 1 Food Stores, Inc. fUnit of trading reduced from 100 to 10 shares. 5 89 Feb 105 Nov 9 135 Mar 143 Jun Jan 10 % Mar 25 25 Apr 1 30% Jan 26 7% Jan 17 6% Dec 9% Apr 18% Feb 4 15% Dec 22% Jan 5 96% Jun 105% Jan Dec 6Va Jan Mar 102 4 % Jan 39 v 3 5 Sep Sep xl2% Feb 15 Ve 2% 16'/.,: Aug 13 4 36 25% May Aug 19 Deo 6% Sep Jun Aug 20 Sep 2% Feb 6 Va Dec > 78% Aug 24 May 18 1% Jan g % Dec 1% July Deo 24 27 77 Jan 53 29 % Sep 26% Jun 6 Feb 21% Oct 26% July 8 / 39 Va Jan 8 25 Feb 38 Sep 19 Jan Feb 2 14 Dec 23% 13% Feb 5 10% Dec 17% July Seo 9 10Va Dec 20% Jan 1% Deo 4% Jan 17 3 July 22 20% Jan 6 16% Mar 25% July Feb 3 65 % Mar 74% 70 93/8Sep 17 - /m.*. •' 'MM ■ ' Jan . Apr 25 91 Jan 22 88 Dec 106'% 27 104 Jan 8 99% Dec 115 Jan Apr 27 93 Jan 8 89 Nov 107Ya Jan May 113% Jan 112 Mar 117% Jan 10% Sep 1 21 20 Ya July 97 16 104'% Jan 2 16'/a Jan 3 , Sep 12% May 2 J 9 Apr 28 4% May 20 % May 18 - 18 Feb 9, 6 13A 5 Apr 22 Mar 11 100% Jun 28 6 31% 15 Deo 24% July 1 '/a May Nov 6 71 Oct 105 Jan Jan 28 118 Dec 141 Mar 29% Feb 2 81% Jan 127 3l'/a Jan 1073/4 Sep 27% 27% 8 18 93 Jan ; > 22 27% Feb Jun Apr 105 11 Apr 9 July 18% 50 18 Va Aug 13 9 Dec Feb July 80 July Feb Aug 14 45 4 3% 4% 5 24 July Dec >'•> aTa 19'A Feb Aug Oct 29 Ya 23 13%. May 27 23 107 . 28 Sep 25 63 Va Apr Deo 2 29% Sep 109 Apr 15% • Jan 8'A Jan 18 23 Ve Feb Dec 15 104% • 3% Jan 27 > Apr 60 34% 36% July 112 Aug 85 Deo>. 4 21% 65 Aug July 100 Jan Apr 58% Jan 30% July 76 Dec Jan 69% Jan 29 12 Ve July 21 15 Apr 17 10'A Jan 15% July 12 15% Jan 5 10% Dec 17% 4% July 29 2% Dec 8% July 3% Jan 2 Va Dec 5% Feb 54 Va Jun Dec 26 Va July l'/a 58% May 9 Jun 25 Mar 6 1% Apr 29 3 40 May 15 Va Apr 27 Jan 12 41 23 22% Jan 13 18% 18 6 53 .. Jan Jan 15 2% Jun Dec 2 3% May 13% Aug 12 17a Jan 1% Apr 2 3/e Jan 4Ya Apr 29 7% Aug 24 3 Va Apr 6 Dec 14 6 3% Jan 20 4 Va Dec 7 23 73 3/4 Jan 13 60% Dec 77 Sep 7 109% Oct 115 Nov 7 19 Ya Dec l Ya Apr 3% Sep 51 Sep 107% Jun 1 17'% Aug 26 21% May 14% Jun 622 108% July 24 125 Aug 25 42% Jun 17 117 85 > Jan Deo July 73% Aug Dec > 753A Aug Jan 15 86 Apr 1-22 July Jan 5 50% Deo 80 Jan 22% Jah 17% Jan 104 62 6 Apr 23 28% Jun 3 78 7 Jan 12 May 14 Aug 50% 23 3 Jan 253A July 147 47Y4 Apr 24 2 34% Dec ;3 Jun 28 Deo Mar 26 39 Jan > 26 80 '2 98 Jan Mar 9 10 Va Apr >>16 33% Sep Jan Jun 15% Jan 23 Va 28 July 28 Va 57% Jan 54 44 11 3 % 291/a July 31 213/a Jan 118% May 27 107 Jan 20% July 27 Dec 15 14 10% Dec 109% Dec 5% Dec 12% Jan Deo 42 Va Jan 7% Jan 19 37% Jan 13 29 Sep 1 76 12% Jan 5 86 130 Aug 17 13% Jan 121 8% Feb 19 147/a July 1 % May 1,100 2,500 b Name changed from Union Premier if Called for redemption, 96% Mar 138 May 14 Co———5 1 preferred————10 Wisconsin El Pow 6ft 283/4 17 »/4 17'A *114 $6 1,400 18 28% conv Feb lVa Motors Wilson & Co Inc 4,900 < pari preferred-——————20 - Willys-Overland 1,200 33A 3% preferred 33 % 26% 1 Mach Corp Dec Apr Wilcox Oil & Gas 300 lYa 33/4 285/a conv White Sewing >1.100 >i9:f% 7Va ■ 163A .- 800 > 13A 121 *109'% , 2,300 35/a 53 Ya • 523A *109% - 16% *114 , 45% *47 - ■¥$ 51 35/« 3 3/4 100 *lYa 7% t 7 % > 7 3% 28% *44 53 7 533/4 28% ' *103 95 ' P/4 33A 18 *16 45% *lYa « 7% 52% 121 ' 473A 2 lYa 18 *115 *87 2% 18 27Ya 16% *47- *18 lYa 230 > No par 100 preferred—— 100 Wheeling Steel Corp———No paf $5 conv prior pref— No par White Dental Mfg (The S S) 20 White Motor Co 1 White Rock Min Spr Co No par 2,100 ■ 2% *35 19 120 121 *51% 45 *18 *17% 110 •' *36% 19 33/4 ' *IY« 45. *109% . 18 28% 28 *115 v 54 > 3% ; 2 2 *36'/a 2% 33A 3 Ya *33A 19 Ya 60 *18 7Va 55 4 1% UZUK 19% 60 19 . 13A 1% 7 18 Ya 35/a ; lYa *1V8 1% a3/* 4 18% ,*60 50 *18 6V« \ 18 Ya 60 % *35 Va 2 lYa ■ 33/4 55% 120 " 19 7% . I8V2 60 , 50 *18 13A 1% 55% *31% . 2 *lYa «7 ' 19 / ' / 191/4 *18% —No par preferred— Wheeling & L Erie Ry Co $4.50 29 Dec 102 Supply Co Maryland Westvaco Chlor Prod— 107 3/4 Sep Jan 7 36 Auto Westinghouse El & Mfg———50 1st preferred — 50 Weston Elec Instrument —12.50 5,100 26% 1073A *40 84% ; 1 - 26 *25% 50 *82 71% *115% : 1153/4 115% 26 *24 72 71 71 1153/4 107% 26% *40 84% 70% *115 108 *107% 50 *82 85 *82% 29V4 24% *25% 26% 108. *40 ' 24% 25 *241/2 *25% *40 29% 115% *107% 1,500 28% ; 71% 115% 115Yi 71% *71 *114% 2% 23% 42 29% Jan > Dec % 7 Va Aug 28 100 No par ——10 Western 100 4% 2d preferred.. 100 Western Pacific 6% preferred—-100 Western Union Telegraph———100 Westlnghouse Air Brake No par 1,800 % 118% July Dec 13 Va 34 preferred_>L*—————100 •Western 800 Dec 11 30% 41 Va Apr 100 100 pfd 114 % July 25 1 Co 28% July 24% Aug 21 6% Aug 14 59% May 20 No par . West Va Pulp & Pap ' * preferred preferred Dec 4 15 —No par class A_ West Penn Pr Co 4%% 30 12 *96% 14% 14%; 14% Indies West 99 12 12 *95 Va *60 52 >■ 108% 108% 109 12 98 14% 60% 60% 52 *11 Va West <50 9Va 41% par Sugar Corp— 1,700 ; 150 *8% 41% Jan Dec 11 21% Sep 8 25 July 14 / 13% Jun._16 12 Jan 3 HV2 Jan 15 1% Jan 6 No par preferred—,— ! 9 1 .-No Eisenlohr—— $4 conv 691% 42 52 *58'A 51 / *671/4 9 *39% >95% 10% 98 14% > Co_ Washington 100 16 Va 16 69% No par No par Pipe Gas Lt 100 41 *8 3/4 9% 42 42 > 50 Va 69% 9% . 44 60 60 > 60 9% *42 Va 44 *42% *671/4 69% Fdy & ——— z ' *67% ---No par — 16% 2% 16 16 preferred Preferred receipts 100 Sep 2% % 18% 29 Va Jan 2 Va Aug 13 19 Jan 2 —No par . 27% 9 Feb 17 x65 12% 12% *16 2% *2% / 16 *15%.' : 16% - *2% $3 120 25 13 " 16% ' ' 16 25 ,'25/>> *121/4 13 *16% " *24 16 16% *12% 13 "12V4 25% *22% 25% *15% ■ 25 >21% 24 *22 22% 22% 22% 22 24% 25 »22 Mar 20 19 July 21 4% Apr 27 ——No par $ Warren Bros Co Receipts 1 *% -v: Aug Aug Sep July 2 > Mar 25 Apr 23 Jun 19 % May 16 5 Pictures— Mar 66 Jan 3V2 Apr 23 100 preferred 57 66 July 10 31% Jan 20 6% May 22 No par — 45 Mar 2% Sep 16% May 22 No par 118 57 19 31V8 Apr 17 13% Mar 23 2% Jun 22 Dec 39% 116 1 Jan July Aug July 25% Jan 3 No par Dec Jun 111% 4 Mar 11 preferred • Aug 34 Va 19 Jan 37 120 No par No par 25 8 Apr 29 May 22 Jun 24 21 % 6% >> 16 97'% A .116% July 15 >41% Jan 6 2 Jan • *21% Jan 22i%Jan 110% May 14 Good & W Ltd Bros 1 24 26 70 preferred 17,500 > May 18% May 26 par preferred———100 No par B 24% Sep .57 —-— Baking Co cl A 7% 300 Va 78 28 11% Mar 9 ■ 5 7/a ; 100 ■ 20% Aug 24 Mar Sep 12 System Div redeem Ward 200 . Mar —— 500 i • m 6 *73 ■'/' li ■ 'y 5% Va Va • ■■• 15 July 30 Walk (H) / 3% 23 23 75% ' ♦Va *% ■ CM (N 75% 5% 5% • ' % > - • ;: '' Dec 50 1,500 V t • 2 2 8% 55 4,600 ' 16 i 334 Waldorf Apr Dec 31 15 Va 30 Walgreen Co -------No par 4%% preferred with warr—100 Walworth Co —No par ■' 371% 16 •• 3% *3% *■% 3% Wabash RR 300 1,200 4Va ;>37%; 16 3.6 16 3% 102 Va 4 ^!/8 I 15 100 $1.25 preferred—— 4,300 ' : ; 7%. 18'A *97% -. *3V4 • 18 Va 38^ 37% /37Yev> *15% 3% 24% 6 3 _25 — 25 —100 - % 29% Feb 20% Jan 112% Jan 12 No par pfd—.100 5ft Vuttee Aircraft Inc 1,800 7»/a $6 Coal & Coke preferred 1 Vulcan Detinning Co— 3,600 *97% 1021/8 3% 3% 37'A 37% 8% . Pow & Preferred 22% 23 2 19 —5 No ; 6% ia 22'A ' 18% *17% *97%,102'/a 3%>Z 3% 37% 28% ;//>'■■ Sep May 20 100 ;>/ 55 Virginian Ry Co— /'/>.V6% . 24% 24% Va Va Iron 100 V *71/4 '•71%./ 7% 18 Vs " 18 130 310 80 % Sep 140 6 Sep Jan 64 Nov Jan 7% Jun —.5 100 pref-f 1/ > 130 150 Va Jan 24 Jan 16% May 43% Aug 31 Jan 1% 62 % Jan 22 ; 5 Chem :■ I 4,600 El Apr 6 1% 14 V4 Jun 25 , div partic preferred——100 >>>■ //80>:: 22V4 - 6 ft 18 - 142 2.50 Chemical Works— Va-Carolina 2,900 26% *122% 8% 22% 24% *7'A • 102 Va *97 Va 3% 241/4 7% 18% > 80 8% 22 22 22 *17%: / 8% ;•:;>> 8% Ve 22 H5V2 54 100 — 28% 130 *122% s Victor 900 > 5 12 14% Jan May Co— 26 V8 *17 / 28% *79 80 130 *122% 2 33% July 15 No par & Pac Ry preferred 300 V 20% *1% 115% 26Va 28% 5% Dec Feb 41 ——100 preferred 1st Vicks Shreve 75 32% > 18 7 % Dec 42 Va \l Jan 12 No par ———— Corp of Am.. Vick Chemical 64- 20 Va •f' 115 % % 18 *26 28% *79 80 102 Va *15% 28% 130 115 18% 26 Va > "> 2 ;">> 33% 33 116 18 *26 28% *77% 7% >>.37 21 1% 1% 32% *115% 18 *122% 18 3% 3% 37 : ■;./■• 24% V *56 *20% 20% 32% 26% 28% 22. *7% • 18 Va *36% / 24% 24% 7%' > 17% >: *21% 22 24% *97Va 82 .■>' 115% 17% *26 >> 130 8 Va *21% Va *77% : 31% 28 Va *122 Va 82 130 / 1% 115 27 20 % ; >>/ %%' 20% 31% 1171/a )'« 9 25 share per Dec 19 f ..100 Van Raalte Co Inc———— > 33 Va >33% 75 :*56 1% *115% pfd Van Norman Mach Tool 24% 64 *50 75 20% 241/2 V 64 Vanadium *81/2 >; 8% *50 *56Va' 17% 28 117 Va 16% • >>33% *33 *51 J 161/4 1st % 1 Va Sep 44 Highest $ per share share 100 - Year 1941, Lowest v Preferred 25 % 8% *115% *24V4 24% 75 32% *26 . *8% • 64 :>"/ 116 *17% y. 27 ■ 1% ■ > *23% , *56% 21% >1% 31% 32% *115% 75% *19% 20% *1% 16% *50 64 •> 16 33% < 24%' V 117'/a *33 33% ' >53% 24% per par No Sales— Vadsco ■*% » M % >24% 15% V 16 •>Z 8 Va ' : 8% *23V4' '24%'! *24 Va 25% $ 1 Tob_ Universal Pictures share % Apr 15 34% May 20 Universal-Cyclops Steel Corp Universal Range for Previous 1 Lots Highest % May 25 No par 100 53% per 100-Share - —5 preferred 560 12% 53% > *144 *144 *144 *144 *148 160 • of 1 Stockyards Corp*. conv Basis On Lowest share ' 52 Range Since January STOCK YORK EXCHANGE the Week 1% % V !' *43 50 53 12 Va 52 ">12 % % *%•: Va ; per $ 1 Va 1V« NEW Sales for Friday Sept. 25 Sept. 24 1% l'/a 45 *41 45 t per share 1 Va n Va' *41 45 $ per share Thursday $ per s)iart Sept. 22 share per Wednesday Sept. 23 Tuesday Sept. 21 Sept. 19 $ per share STOCKS PRICES HIGH SALE LOW AND 21 2% Jan 9 26 120 Jan Dec 95 Aug Dec 18% Jan 8 Dee 15 Va Ap* 1% Apr 3% Oct 0% Name changed from General Theatres Equipment, n Nev THE COMMERCIAL & FINANCIAL CHRONICLE 1128 Bond Record New York Stock Exchange «» FRIDAY WEEKLY - the Low 'Sold Low Treasury 4%s___ 116.2 Treasury 4s_ J-D *106.21 106.24 106.26 108.27 Treasury m-a 108.30 108.30 108.30 110.8 try Trea sury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury. 2 Vis Treasury 2Vis... 105.20 *107.12 107.14 J-D *108.5 V J-D ..1962-1967 ; M-S ...1951-1953 _„1952-1955 ' 'i.'y *• . .1954-1956 Mar 15 1948-1950 Dec ... ''y'yii'-''■■ .... *105.6 > ' ! • Treasury 2s__ 2s Treasury Federal *101.5 J-D 3'As 3s ■ ' 104.4 l'/as 100.8 100.7 1951-1955 J-D *100 -.1953-1955 J-D *103.13 103.15 M series , • ' - ___1945 . York' City New ; Issue— 100.20 ■; 6s__.._>i-1942 J-J F-A A-O 5%s__ 1———1955 __i.____.1962 gold AExternal f s AExternal s f 7s series 37 104.20 103.23 *103.12 103.14 103.17 104.25 103.19 104.23 J-D *101.9 101.10 102% J-D 102 102% (•v,;:'vy.Y, f 70 * >39 A-O *39 98% 108 ." •;■*. M-S series 1st 1969 , > A O , ms *37 ye 14% j -j C_Ar___1945 14% j-j J-J -w r ' AExternal sec s f 7s 2d series—.1957 A-O 14% •15'A f 7s 3rd series__1957 A-O *14'A 15'A AExternal sec s series. S f • AAntwerp 27 27 J-D (City) external 5s__ 1958 (National Government)— f external 4%s—; .1948 S 15 , >69 S f exti conv loan 4s 10% 7s A-O 1948 J-J .1972 15% 10% .. 14 . 15 15% 10% 5 14% 10% 18 *11 1945 1949 -— —— tCommonw'lth) Australia External of 5s External g 5s of '25_1955 .-_-._1957 1927 4'As of 1928 1956 _ V.2. External External s A Jugoslavia • 14% 18% 29% 95 71% i s AExternal 80% .71% .■70% 72 J-J % 33 65% 74% 71 61 6& 74% 73% 21 38 7, 76 66 85 82 85 > A-O A-O M-S 71% 7.1% 73% 18 38 76% M-N 65% 65% 67% 28 36% 69 83 100 83 100 3 83 100 32% 32 % 33% 117 22% 36% 1957 A-O 31% 31 31% 30 18% 34 1957 A-O 31% 31 32 29 18% 34 --1952 ___1957 1958 1950 J-D 31 31% 16 M-S *70 M-S 62 1976 F-A 62 >/4 1976 1975 A-O 64 1984 J-J 1960 A-O 106% 106'4 106% 11 103% 107% M-N 101% 101%. 101% 66 100% 102% 100 »/4 100% 100% 41 98% 100% J-J J-D 1941 J-D 99% 100 M-S 99% 100 99% > stamped——•: External s f 4%-4%s— Refunding s f 4%-4Vis External readj 4%-45/aS External s f 4%-4%s external 2% f $ bonds™ s 5s 30-yr 4s —1952 -A .1945 1961 1944 1967 -1968 2Vis 25-year 3 V4S 7-year 2'As 30-year 3s 30-year 3s 10-year ACarlsbad 19% " 34% M-S *68% 37 F-A *65 .7, 36% 70 44 8s 71 71 71 - 67% ■ 1 A-O A6s .62% 56 64% 62 % 1 56 66% 63 % 66% .*44 Vi 7 64 65% 47% M-N I 57% 67 59 22 68% , 43 ■A 49% A Exti fund sinking Feb ARy external s f 6s A6s assented A 6s 98 19% 19% ~1 15% fund 18% A-O 19 % 19% 19% ?:•:: 4 13 A-O 18% 18 18% 21 1961 5 5 19% 62 78 6%s 1959 7s 1952 1959 - A6s New F-A a-o —1943 series A South Wales External f s 5s Norway external 6s 1944 External 6s External sink fund 4Vis—______I956 External sink — '_ sink fund exti loan Municipal Bank exti s f 5s—_—1970 A-O 82% 5% 7»A 5% 2 5% 7% 20 5% 7% 6 5% 5 7 ,/ 2. ■•.'i 'n. 7% • ,6.7 7% • 15% 16 10 9% 16 16 10 10% 17 Vi 85 85 1 75 85 70 80 : ; *80% 78Vi 78 Vi 17% 44 79 >80 u 97% 63 63 'i 59,' *t 59' • 59 59 *56 59 » " '53 6 . 63 51% 59 50% 1 59 50 52 % 51% 97% 2 •••* 69 52% 96'i 84 5' 86 83% v.- — 66% 59 83% 48 V 85 *90 % 60 '27% 52% 64% "*55% 67% *103 103% 13 13 65 57% 65 57% ■' 70 67 67 68% 101% 104 15 14'/a M-S 13 M-S 13 13 13% 61 7% 15% J-D 12% 12% 13'A 55^ 7 15% A-O 12% 12% 13 Vi 56 7% 15% 8% •• *8 A-O —.—1966 APrague (City of Greater) 7%s_—1952 Queensland (State) exti 6s 1947 ' ARio de A Exti Janeiro sec (City of) 8% 8'A A-O 17 A-O 7% *8% . 17 14 8% 17 5% 9% J-J 9% "9% 7% 10% J-J > 8% 8% 5% 10% 9% 16% J-D *15'% J-J *14% 15% 8% M-N *17'% 22% 10'/a 19% >78% 78% 50% 79% 10 F-A ": ' '■ 16 A-O • 16 f 16% 17 12% 21 . 16% 8% 14% 10% 18% 1946 1953 A-O 1968 1966 (State of)— A 8s exti loan of 1921 F-A 1946 8s 6 Vis M-N 15 Vi J-D 15% 15% 5 10% 16% 67% 68% 6 62% 71 12% 12% Rio Grande do Sul A6s external sink fund A 7s external loan A7s gold of 1926J municipal loan 1967 \ ASao Paulo 19%' 19% 19% 3 15% 19% 18 18% V 23 13% 18% A8s 19%. 19% 6 14% 19% A7s 18% 27 J-J 18% 18% A-O 18% 18 18% 26 18% A 6s 18% §ASecured 13 *17 17% 18% 12 13 18% 18% 1 13% 18% J-D 16% 16% 9 12% 17% A-O A-O 1962 M-N 15 *15'% 24 8% 16'A 15% 11 9% 16% 1951 s I ——.1940 7s 67% 18% 2 16% 16% 25 11 16% J-J 42% 42% 1 32 42% J-J *30% 17% M-N 29% M-S *29% J-J A-O 26 Vi 31 61'A 64% 31 25 34 6% 30 20% 29% __ 6% 64% 31 54'A (Kingdom)— A 8s secured external. .1962 A 7s series B sec exti— —1962 A Silesia (Prov of) exti 7s„ 1958 A 4 Vis assented 1958 66 Serbs Croats & Slovenes 4% 7% M-N *6'% 9 4% J-D *5% 7% 4% 7'A 6% J-D *5% 7% 4% 6% F-A 72% 72% 6 40% 72% 77 4 M-N 18 1 13 18 17% 8 13 17% 12% 16% 16% 12 12% 17% AExternal sink fund 6s 1960 M-N *75% 14% 18 % AExternal sink fund 6s 1964 M-N *75'% 3%s-4-4%s —1979 M-N 16% *18 16% J-D 11% 18 % M-N 16% *18 M-S M-S 8s 8s M-S ■ 18 17 M-N 1960 (State) J-D 18% 18% 18% 1961 Paulo 13% 13% *19% 18% 1952 —1957 1936 external 1950 exti water loan.—^— —1956 exti dollar loan...———.1968 (City of Brazil) A6%s exti secured s f 5ASan 15% *19% 18% ' -18% Sydney (City) s f AUruguay 5%s——...—1955 (Republic) 17 ~9 13 17 14 16 External 16 ~6 11% 16% External 12 15% 39% 48% *17 exti 8s__—.1946 F-A 77 77 57% 57'% 77 73 ($ bonds of 1937) — readjustment 71% 57% 24 76 71% — 74% 15% *13 53% 59% 1928 Oct 1961 A-O 1927 Jan 1961 J-J 1970 A-O bonds— 1133. 48 V4 48% 5 48% 36 % 48% 1 37% 48% 36 36% 126 29 % 37% M-N *54 56Vi 51% 57% —1978 3-d *53 57% 51% 57% 4-4%-4%s exti readjustment——1978 16 (Republic of)— of 15% 7% 7' A-O J-J J-D 5s page K 6% % 6 . M-S 1940 : Santa Fe external sink fund 4s____1964 *19% J-D 1962 see 6% 72 6 M-N J-D 1958 A Stabilization loan s f 7s 1947 A4 %s assented. 1968 AExternal sink fund gold 8s—_1950 A 4%s assented —.—1963 APorto Alegre (City of) 8s 1961 (Rep of) gold 6s assented 18% of For footnotes 5 6'/a M-N 18% 1960 f $ 80% e7% J-D 1955 (Rep) 19% A 6s s F-A '-'ms A-O F-A exti s f 5s ser A-1963 A Stamped assented 5s— 1963 Stamp mod 3%s ext to 1994 Ext sec ref 3%s series B —1967 APernambuco (State of) 7s 1947 APeru (Rep of) external 7s 1959 ANat loan exti s f 6s 1st ser 1960 ANat Loan exti s f 6s 2d ser 1961 sink fund 4%s (City) 12% A 6s external .1965 .1963 fund 4%& 12% J-D assented (Hukuang Ry) 8 (State)— f 5s s 13% 1961 7s__. 54 5 F-A (City) 38 1961 Cons Munic 15% *5% J-D M-N .1958 ASec external s f 18% —1961 A6s assented . 5% 8% 80 »i m-s M-S _1958 f 6%s 18% M-N 6s 66% ■ 1957 s 18% F-A 1957 assented > 69 14% J-J F-A M-N 6%s—_ 55 47% 19% : 1957 AGuaranteed sink fund Colombia 93% 13 A-O AGuaranteed sink fund 6s A Chinese 10 28 —1963 A63As assented A 7s 98 18% 1963 A6'As assented A Chilean 98% 18 1962 assented A 6s 93% 18% 1961 1962 AChile Mortgage Bank 6%s__ ASinking 89 - M-N M-S AExternal sinking fund 6s A 6s 97% 101% 98% 100% 98% .97% M-S assented A 6s 97% 98 % M-N 1961 Sep —Sep sinking fund 6s^ AExternal 14 *100% 100% J-J J-J M-N Jan 1961 Jan 1961 sinking fund 6s assented—_. A Exti 101 % 101% J-J 7 J-J 6s_____Feb 1961 assented A 6s F-A 1960 assented >2v. 62 „*G%< . external A Sec S A 4'/is 26 1942 sinking fund 6s AExternal V:: 1954 „_1945 (State)— Minas Geraes S A Poland 62% 1954 1942 . 9 71 J-D - 1960 (City) (Rep) External s f 7s A7s assented A Chile y* 8% :6%. .9% *76%; 82 M-N assent—1933 .1910—_• l ATreasury 6s of 1913 AExternal loan 7%s__ (Dom of) Canada 8 62 Q-J Q-J J-D J-J exti 5s of 1899 £—1945 (US) APanama Buenos Aires A 6s 9 *60 (Colombia) A Assenting 4s of Oslo 3 1977 Sinking fund gold 5s_ Sinking fund gold 6s_ (Province of)— 9 7% ■> = 7% 1960 Assenting 5s of 1899_.L______.1945 4s <—1961 s 5s s t.vi-i.71 2 f 6 Vis of 1927 (City) 70% A-O 1955 (Central Ry) A7s Brisbane 37 99% f 7s— s 79 % 99 % §ABrazil (U S of) external 8s AExternal s f 6Vis of 1926 85 *84% 9 (State Mtge Bk) 7sr—1957 AMontevideo 88 79 '/a 1955 f 6s 13% 65 *84% V (Republic) s f 6s series A—1952 exti 6%s —I960 External 92%. 92% 1949 external 6 y2s Belgium 6% >66 M-S J-D —.-1964 ^1968 15% >11 >-A. 23 F-A , 70% 70 8 17% *15 '■< J-J Irish Free State exti s f 5s 15'A 11 M-N Feb—_—1972 S f exti conv loan 4s Apru»: 70% 32% -10% M-N 1971 loan 4%s._—.— 73% 61% 65 69 -—,-1949 paid-. paid part part A 6s * Argentine conv 69% 61 .63 Greek Government— * 5 6 . >* 42 27 15% 15% 15 Va 1st 43 32% i 14% 7: 14 > 25 25% 15 Va f 7s 70 ,59 : 72 *70 r__™1967 8s ctfs of dep_, (Republic of) 7s unstamped— ; A :'s : 42 A-O s 42 35% >63 ;>, 73% A-O __—1969 (Republic) exti 6s French Republic 7s stamped ■;". ■ ■42. 1957 AExternal "f-V •' *70% AAssenting 4s of 1904— F-A DLlJi—1945 48% 26% 22% 1 37 Vi '72', M-S 6Vis_„™-1954 V J-D Mendoza (Prov) 4s readjusted^—.-1954 J-D Mexican Irrigation— S '■ A4%s stamped assented 1943 M-N "■> 15 7s series 21 20 > 29 v-28 33% „ 101.10 101.11 14% f Vi 33 33% A-C AHaiti *103.10 103.12 J-J s 45% 45 45% 103.24 M-N 1945 7s series B—... AExternal 3s . , 1942 ..1940 §A2d series sink fund 5%s_____1940 A7s m-n ,21.1980 Corporate Stock...... 102% 115 ,20 Finland 100.22 102.22 ■■ -- 83 100% 107 108% 108% J-D 103% 68% 76 :.l, v/.'v ■■ >15 (Rep of) 5%s 2d series 100.6 100 ! ' ; 100 , 75 Vi *103 101.5 100.4. __ 100.2 * 76 24 AMexico .. 5 Vis 102% 102% 24 AEstonia 102 104.24 r;; Govt. & Municipal Agricultural Mtge Bank (Colombia)— Aptd sink fund 6s ___i947 Aptd sink fund 6s. >>>.l-.-_l1948 Akershus (King of Norway) 4s—^.1968 AAntioquia (Dept) coll 7s A 1945 , 18% 99% 101 *102% -.s-y: *18% A El Salvador 104.27 100.11 ::v—" . *103.12 103.14 M-S Foreign ... 12% . . Transit Unification 2% 30 18% £*18% AMedellin >>> 17% *102% F-A Helsingfors (City) —i___1944-1952 ___1945-1947 ... 32% 27% *100 ■ 105.21 101 ■ __ 100.11 *100.9 *100.6 & series A 3s 29 27% A-O : 101.21 103.27 ■ ■' *100.5 _—.1944-1949 31 18% 26 / A-O 5Vis 105.16 104.5 « . 100.17 100.9 ; 101.7 *104.2 3-d AL- > 29 101.17 103.27 M-S Owners' Loan Corp— Home 29% 25% •' . 8s ser A.1951 103.14 103.14 ■' •' - J-J Mortgage Corp— 1 ; ———_-,-_U944-1964 : • 28% • J-J SADominican Rep Cust Ad 5 Vis § Alst series 5%S of 1926 104.6 100.24 ,,AU< 104.5 1949-1951 — Farm *27 . 25% V - Customs Admin 5%s 2d series___1961 100.4 105.8 *104.3 , 1949-1951 ... High 25% *27 if. 107.2 ' 100 -:3.i 2 1949-1951 15 Jun 7- 105.25 106.23 103.6 1' Treasury 2s Low '• ASinking fund 8s series B_—™1952 107.7 106 101.5 ....Dec. 15, ... Treasury 2s_ wks External 104.31 s1" *104.26 104.28 ■ M-S 15 1948-1950 NO.', High *27' •' *16% v J-D 1953 External gold 4%s 102.18 Sept 15 Treasury 2s Public 110.18 105.24 __ *100.29 100.31 J-D 2s___._ —_1977 109.31 106.17 1aL: 103.4 101.2 101.2 J-D 1947 , 100.11 100.14 ,100.11 J-J 2s 1949 debt 108.16 . 106.7 *103.2 : 1949 4Vis 108.16 ■ *106.14 106.16 \ ' ■. ■ J-D Treasury 2%s___ Treasury ' >__ 28% M-N M-S F-A 1951 1944 ;>,• loan ACzechoslovakia 107.30 *103.13 103.15 > J-D Treasury M-N Sinking fund 5%s ' 108.31 *106.24 106.26 M-S __.L.1967-1972 Treasury 2s ™1953 external "4%s A 107.2 109.6 *106.5 M-S ...... Range Since January 1 108.15 109.25 *104.25 104.27 'M' 3-d M-S 2%s___ F-A j-v .External 5s of 1914 series A— 106.9 109 *109.23 109.25 m-s Treasury 2'As Treasury 110.17 107.16 *103.4 3-d : . Sold Bid & Asked __ • ; .,.1952 (Rep of) §ADenmark 20-year exti 1956-1958 ... Rica External 108.7 103 M-S _.__„1952-1954 — 105.7 *105.5 M-S . • M-N ..1947 7s Cuba (Republic of) 5s of 1904 108 105.9 109.22 109.24 A Costa 110.28 107.29 110.12 M-S i_1948 - 25-year gold 4%s.___.__._L :r: 110.29 107.4 109.5 *106.30 107 *110.9 : , > 108.14 109.14 *110.17 110.20 ms __^_1950-1952 ... 107.7 *107.11 107.13 M-S .1945 L..- __ 103.20 J-D 2%s___ Treasury 1 J-D 1949-1953 Treasury, 2%s___ Treasury 2%s___ 103.20 103.20 .^1960-1965 A. ; , 104.20 J-D .1958-1963 2%s___ 2%s—A,—,*. 2%S___ LA.. 2%s___ 2%s___ 102.21 102.3 *102.1 J-D .... Treasury 104 26 A-O . Treasury 102.21 102.21 102.23 A-O ..1946 ASinking fund 7s of 1927 Copenhagen (City) 5s 1 • A-O J-D —... Sale Price .1947 Mtge Bank 6%s ASinking fund 7s of 1926 114.14 Trea itry Period V:.-- ■ ,5> Bonds Friday's ' *114.21 114.24 Treesury Ended - or -1 ,. Week's Range Last High A-O 108.30 Exchange Sept. 25 'Low A Colombia ..1947-1952 —...—1944-1954 3%s__— -.—1946-1956 33/as_. —1943-1947 3 Vis ——____1943-1945 3Vis —.1944-1946 3%s—_l_—_™-__1946-1949 3 %s ____._____1949-1952 !——__1946rl948 3s__. __1951-1955 2"%s——1955-1960 2%s__ ....1945-1947 23/is_ —__—1948-1951 2%s____ —__u™1951*1954 2%s 1956-1959 Friday Interest Stock York Week 1 January NO, High New Range Since Government S. U. BONDS Bonds Friday's or Sale Price Bid & Asked Period 25 Sept. Ended Week Last Interest Exchange Stock Week's Range Friday BONDS York Period" indicate in each case the month when the bonds mature. the column headed "Interest " New • disregarded in the week's range, unless they are the only transactions of account is taken of such sales in computing the range for the year. . , a , >; . ' '-<•;> ■> (• ; ; ;>.W, "and are The italic letters in Tret YEARLY - Interest"—except for Income and defaulted bonds. Cash and deferred delivery sales are week, and when outside of the regular weekly range are shown in a footnote in the week in which they occur. No Prices NOTICE Monday, September 28, 1942 f-a 37/8-4%-4tV conversion exti conv 3%s exti readjustment AWarsaw (City) A4Vis assented external 7s ! 1979 1984 1958 .—1958 ~6 54 60% *45 52 41% 47 F-A *6 7 4% 7 F-A *6 7'A 3% 7 J-J 58% 59 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4111 Volume 156 1129 NEW YORK BOND RECORD BONDS ^ Interest New York Stock Exchange Sept. Ended Week Last . Period^ 25 Week's Range Friday , or Low Railroad and Industrial J-D • J-D F-A 1 65% cons ,A.:5s_ —1943 1st 4s series B • /( 2 44% 1 100% 101 1943 .^—_ J-D > 1948 1 >'r" > «J' ' •>' a-o ■ Albany & Susquehanna RR 3'As.—1946 3%s registered Alleghany Corp—. / , / A-O 1944 60 . F-A • T", • A-O • 103 60 93 5s modified— 5s modified— A 5s .u.— — 62 81% 85 J-D 92 > ■ Allied Stores Corp 4'As debs 1952 64% > 107% J-J ; 100% 104Y4 - 99% 59% > 31 93 - —wL 1966 J-D 108 MS 107 debentures- 3s_.J—. 107% 107% ; V "■-:T> - *• Type Founders conv deb- —1950 M-N Anglo-Chilean Nitrate deb-k ^i.—1967 A 1st 106 109'A 144 > 105% 106'A 91% 100 61% ' Q-J M-S 1955 F-A 101% J-J 101% A-O 111% (Del).1957 47 - 60% 19 62% 108 27/' • 87 Conv 4s of Conv 34 47 60 Ya Cal-Ariz 1st & ref Atl Knox & Nor 100'/a 99% 102% J-D 95 95 96'A J-D 33% 30% 33% 42% 149 84 •*-- 93 •61% 30 93 % 33 23 >-■> 63 100' 33 Va, 45% 20'/a 19% » 7%. 10% 8 63 •> 20%' 8 1962 ._ >; l5'/a 24 18% 18% 11 18% —1946 3 *112 110% 112% 62% 75 22 13% 22 18% 20 14 20 •18% 19% 12% ;—___1987 *16% 19 1962 *108% registered..^ ^ Guaranteed ■, gold _i 5s 19% 13% 14 %'106'/a i S f deb Paper & Fibre-.- : 4%s (1935 issue).: S f deb 4%s General 93 gold 4%s. 103% 72% -i 58% 78 95%' 80% 91% • . ,■ *105 % 104% 105% 103% 103% 102 V'4 104 ; r. 130 ——..1992 Ref & impt mtge 3 Vis D__.—.1996 94% ,■ - : 49 91% *... • 83% 62 ' * - t 90% >; ^.1950 • 85 v'V/.'. 91% .' (1938 issue)—.1950 Chesapeake & Ohio Ry—- < / 68 72% 57% *80% —.1948 . 83% 72% 56 • Certain-teed Prod 5%s A_— > 108% 107 '82 1 57% • Champion 875/a - 83% —.I960 A L 1st 4%s A •1st 30-year 5s series B__4 *100% 129% 103% 126 103% 103% 100'/a 103% 104 .. i 7 109 % j i ' 111% 111% > 100% 104'A Refining deb 3s~~£:——-1953 : 111% 112 2d consol gold 4s *118% 119% *114 130 Va • 100% 103 y3 Illinois division 3VaS >, f 63 104 Vi 74 83% 64 63 101 83% 82'/4 3Vbs 57%: 66% 4s v ] 102};] 102.},] 102 §2 ,71% 72% 63Vi 73 33% 33% 33% 30% 40 , 30 25% 33 *29% 102 registered—— 1st & ref 114 13 v 23% 92 93% 85 90 90 81'/a 90 95% 97 90 97 >• 1949 94'A 88 94 % 78 79'A 73% 83% 67 67% 63% 72% 75% 76% 71 80 31% 32% 21% 34% i—1971 . / .1997 1982 (conv)..— Chicago & Erie 1st gold 5s__ 116% 117 243 i . i.,( 116% 123 5 Chicago Gt West 1st 4s series A—.1988 66% 67% 61'/a AGen. inc mtge 4%ts—2038 38% 40 33 tAChic Ind & Louisville ref 6s A..1947 33 33'/a 30 U ' ARefunding gold 5s series B .1947 ARefunding 4s series C_ -1947 A 1st &'gen 5s series A..———1966 !| A 1st St gen 6s series B___/.May 1966 :> ; * • ' 'f - •;■■■■ • " *<V4" ; ♦ .< 1st mtge gold . -'V -V . •\ ./■ 4>. •%/1 f V'.,-' , 4si—.-v.„___July 1948 52% A-O Stamped modified bonds— 1st mtge gold (int at 4% to Oct 1 1946) due———July 1948 62% 59% 54 Vi —,1995 Ref & gen ser D (int at ,1 % to I Sep 1 1946) due———2000 Ref & gen ser F Sep-1 AConv v (int at 1%. to 29 . 24% 39% 34Tb 28 44% 28% 30 30% .29 154 .23% ,24% , 24%, 39 . 443 ,./ -W%>42% . { I ! J-J J-J ; 34% 48.% 53% 43% JChlcigoNorth Western Ry~-> ' :T | 2%s,debentures.——1956 debs.——1952 Consol mtge 3'As series F——_1959 Consol mtge 3s series G 1960 Consol -mtge 3 Vis series 1965 , 49 60% J-D A-O J-J A-O J-J J-D A-O A-O J-J F-A Beth Steel 3%s conv 48 J-J / 4s 95ya 100 J-J stamped—«— .1951 Battle Creek & Sturgis 1st gtd 3s—1989 Beech Creek extl 1st gold 3%s_._..1951 Bell Telep of Pa 5s series B———1948 1st & ref 5s series C——1960 Belvidere Del cons 3%s___—_1943 Beneficial Indus Loan 2 Vis 1950 v 45 48 72% 83% : A 1st 99% f > 96% 98 f A 1st JJ———-1961 :RR——-—-I960 A———July 1970 tABoston & N Y Air L 1st 4s——1955 Bklyn Edison cons M-3 Vis.-——--^1966 Bklyn Union El 1st.gold 5s.-,--,——1950 mtge 4Vis ser 102 : 105 101 ,,-'•( '• >*102%"'—i""'" *74 77< ■ *89 r 71 71 103 >:t' «',/■; , -.i > >>,!,•>>/ 102 Y4 A 1st lien & ref 5s series B_—^—1957 74 v 79 85% ; 80% "73 37 27% } ; 91 74 103 27% lOOYa i — 81 96% 97 ' *U4 3A of -.14 27% 107 109'/a 36% ; // — 17 > 98% 108 »" 10 » 10 72% 88%- 88% 105 113 — ■ 36 'A 53% 53 '.8% 85 >' 18 "•1% 34 32 % 35 35% 37%/;. :: 37 ■ 11 83/4 10Y« 81 Ya 81 Ya >59 J-J 36% 34 20% - ' -22 32% 35 M-N ■35 M-N *34 • 22% 35 25 34 35 M-N 23 35 22% 35% 23 36% / 35% 22%' 35 42»/a 26 42 V2 14'/a 24% > 23% 24% J-D 23% 24% 13% 24% J-D .23% 24 14% 24 '■ M-N F-A 3y8 3% 56 > 1% 56 28% 31% 29% 114'A 4i% 33 59 .78 ,.,78. 1988 J-J •3% 30% iel/s 17% 40 59% 297 11 368 " 5% 5% . 18% 31% 18 , , 78 1,259 .. , 1951 - Memphis Div 1st gold 4s i 1951 & Southeastern 1st 5s_„1960 5s_—..Dec 11960 . />J-18.5-> A 4% v- 4% 5 J-D *69% 30% *_- t52/;.,.5X,i 68 > 55 63% 64% 59 68 49 50 45% 54 r- < > .—1962 I Childs Co deb 5s—1943 } Debenture 5s_.^ ———1957 5s—t—1952 Cincinnati Gas & Elec 3'As.. i—1966 mtge 3%s__—..1967- 99% 102% 95 V 29 92% 96% 97% 98% 72 94% 99% 41% 27; 38 50 40% 13 39 49% 29'A 21 17 v >29% ,40 <39 A-O ,28% 28% M-N F-A 109 J-D ■ • ,109 ? *111 6 106%, 109% 109% 1U 102% 102 A- M-N gtd 4s_—j.1942 Cin Union Term 1st gtd 3%s D 1971 1st mtge gtd 3%s series E.——1969 F-A j Clearfield & Mahoning Ry 5s—i.1943 J-J ; Cleve Cin Chic & St Louis Ry- cons 105% 108% 94% A-O cons 16 12 ! 95 98'/a M-S 1st & ref 4'As series D—... Cin'Leb & Nor 1st 47 . J-D '108% > 108 108% "101% > 101% 101% 1st 5 80 M-S J-J i 17% 19 1%- —— ; ! 3%s series E f A Choctaw Ok & Gulf 9% 66% J-D . 10'A • 71% J-D J-J f < 384, J-J t ^ 917 0; •i7y«. 19..:. _1963 1st mtge > 10 i 2,544 ' *109% M-N 108 y# 110% .. *111% 110 ' 112 10 Ya 5 60 % 17 M-N gold 4%s— 1960 Chicago St L & New Orleans 5s__.^1951 3%s ' 30% ; . ■ 78 17 - 6 83% 53 70 . 63% 81%, - 99 *99'/a 100 99% ' .1993 71%: J-D General 5s series B____._,A,. J-J 44 ■: J-D Ref & impt 4'As series E.L.. ■W 471/2 25 71 Ya 71% 85% *78 47Ya 48 v . 65 • 76 85 53% 44 52% 64' 266 86 42% • i 74% ' Cin Wab & M Div 1st 4s___. .1991 J-J St LDiv .1990 48 48 / M-N / .' 5. . • 1st coll tr gold 4s. J-J Cleveland Elec Ilium 3s California-Oregon Power 4s—-11966 108% 108% A-O Canada Southern cons A-O gtd 5s A—1962 Canadian National gold 4%s______1957 Guaranteed gold 5s July 1969 Guaranteed gold 5s__——Oct 1969 79 Va ! J-J 79'/a 80 3 J-J 108 A?0 108 78 3 IO8V4 111% 112 ■■ 106 27 * . 109 Va 109% ■ . 15 9 104 . Guaranteed > gold 5s ... gold- 4%s— Guaranteed gold 4 Vis— Guaranteed gold 4Vis r_ Guaranteed For footnotes - see page ..1970 19551956 -1951 1133. ■ F-A llPA •. J-D F-A M-S 11134 11 85 109 5/s 1073/4 112 Series 111% -- ■' 105 109 109 1 109'/a 6 103 Ya 109'/a 107% 107 Y< 13 llOYa 103 Y4 108 & GeneTal Series 110% 110% ' Cleveland IO43/4 108 »A 108- 64% *64 <; 107 106 Ya 107 14 104% 108 3A 108% ■ - ' 4% 33% . > f. . 9% A-O A-O 33% 32% } 1st mtge 3%s series F ...1963 } Chic & West Indiana com 4s———1952 I 1003/4.106 :> >10% A-O .1955; 5s-"-—-—— 34 2,598 >34% —1927 ACertificates of deposit— I:>/■• /;•::: '. ; I Chicago Union Station— t .1960 Consolidated 53 stpd 5s i ■ 100% 1003A " 10% .1952 43A >34.% M-N AConv Gold i deposit— Bush Terminal 1st 4s—— 1st 34 34% 2,303 M-N of Income guaranteed 110% 110% ' A Certificates *: M-N MrS j 16 82 96'/a ,82 M-N .1934 is > 4%. * >>4 A-O | Chic T H fByrlington Cedar Rap & Nor8 A 1st & coll 5s__^——— > A-O 1934 43% 43 j-p 1957 :..,•' Railways Certificates 76 " 102% 103 F-A C-—1967 Buffalo Rochester & Pgh Ry— 4 .' Stamped modified (interest at Buffalo Niag Elec 3 Vis series 16'/a 17% M-N ..^1949 part paid—— 75 V3 • 37 . 101 Ya 102% M-N Buffalo Gen Elec 4y8S B—1981 F-A & 29'/a 34 531 108% 109 Va * J-D , ?: May 1 2037 May 1 2037 —_J 32%*" 48% • > 170 45 *41% 66% >V—^ > ; 39% 25 Va - 109 M-N; y 45 " 44 4 deposit § A Refunding gold 4s_— < "" >38% M-N —11950 gold 5s_._ > M-N 4%s C $1% 33% 55 509 - " SASecured 4yas series A—1952 " Debenture >.'43Ya J-D ref >295 " ' , M-N 1987 t A Chic R I & Pac Ry gen 4s 103 101 > " 89 '/a *70 r;— :■&> J-J M-N F-A M:N F-A Bklyn Union Gas 1st. cons gold 5s_1945 1st lien & ref 6s.series A—-4.-1947 44% 44Y8 J-J May 1 2037 tSAChicago 25% 443A 45 102% 105% >98% A-O y > ' & AConv 4%s series A 102% 105% M-N mtge 4s series A Inc 70 42 1987 —1936 ref gold 5s A 1st. & ref 4%s stpd r 43 % -43 Ya 1987 A4%s stamped §ASecured eyas... 98 F-A M-S 1st gold 4%s series 1st 56% 67 "41 i 44 1987 stpd Fed inc tax AGen 8s stpd Fed inc tax: j 127 y3 130% J-D • ____1987 registered.... AGen 4%s • Big Sandy 1st mtge 4s—v-——1?44 Blaw Knox 1st mtge 3 Vis— ,—1950 V Boston, & Maine 1st 5s A C———1967 1st M 5s series II .i—1955 11 - AStpd 4s n p Fed inc tax ,61 104% 108% 'T'A . 10% 7% '' •;> ^41% • J-J J-J gold 3%s—.1987 registered. /1987 AGeneral 4s_.——^——.—-11987 4s J-J Bangor & Aroostock RR 1st ,5s——1943 Con ref 4s^—^——.^1951 - 6% - J-J AGeneral 3V4s 44 J-J • A Mtge gold 5s series A_._—1975 A Conv adjustment 5s -Jan 1 2000 } M-N ; . 36 "34 9% 'Mvz AGen 4%s series F May 11989 JChic Milw St Paul & Pac RR— ./• • i | F-A Pgh L E & W Va System— ; V Ref gold 4s extended to—4-1951 ; S'west Div 1st M (int at 3 '/a % to Jan 1 1947) due 1950 Toledo Cin Div ref 4s A —1959 39% . M-S 1946) due——44 1996 due —Feb 1 1960 24% « • 26'A 9% ,, iff Chicago Milwaukee & St Pa:ul—' I / AGen 4s series A———May 11989 f AGen gold 3 yas series B__May 11989 j AGen 4%s series-C-——May 11989 I AGen 4 Vis series E_ May 11989 " M-S 4; • 30% 33% J-D 38 28' ; 65% > to Dec 1 1946) .due ? 8% 9 68% 45 ' . 30% 32% 27%-30% Chicago Ind & Sou 50-year 4s—1956 s 59 y4 A-O Ref & gen ser A tint at l% to /v-4\4/ >■44/ Dec 1 1946). due——ju -1995 ? ( J-D V vRef & gen ser C (int atd'ASfe , . > ' % ^..1977 5s series A mtge inc "93% 93 • ...1958 — Chicago & Eastern 111 RR-— AGen 106 121% 114 23% ..1949 1st & ref 4 %s series B •95% 100% 104% 104% M-S / I IOOVn 100% 100% 118 119% .—1949 registered—.. General 4s_. r 94% 102 IS *22% Illinois Division 4s—————1949 {' ; 71% —1949 - 22% _____1989 A Chicago & Alton Rr ref 3s *102% 103 J-J - ; '1031/4 103% ■9 83%: M-N M-N J-J II 104'A Chicago Burlington & Quincy RR— noi J-J AtlwGulf & W I SS coll tr 5s__---_1959 R & A Div 1st cons gold 4s 97% lOOYa J-D • t 104 1996 1946 1989 111% M-S May 1 1945 —Oct 1952 Atlantic & Danville Ry 1st 4s __1948 Second mortgage 4s_^-„__»—i__1948 104% Ref & impt M 3%s series E_. Potts Creek Br 1st 4s 110% 112 y4 -'■ J-J 10-year coll tr 5s—; coll gold 4s___ fy 7 ' > J-J L & N 104% 111% 112 ■/-e ■ J-D 1944 v, 104 »/B 104% 104% ■"> *' - ___1944 7 101 101 J. 111% - M-S >/:' 1st gold 5s_i.—i«Ll946 Baltimore & Ohio RR— , 7% 23'A i 88% 44 104% 104% ' • J-J 4%s A___ i •!>>•' '«.«*• •> J-D 1958 . Atlantic Coast 1st cons 4s__J._July 1952 General unified 4V3S A— .1964 . ' 8 3 23% lACenl raL RR & Bank'g of Ga 5s—1942 :.■ :•""• /'>/ r/] 106% 112 98 - >94% 100% >;i; 7% t 100 . '29 - 55 100 1959 ; 100% 106% > 99 v 111'A 112 *91'/a J-D 1960 1st 4s___ Atl & Charl Atlantic 100 12 - gold 4s—1951 Central N Y Power 3%s j 69 Ya 56, / 101% 101% 93 J-D .—..1955 1905—u. 100 V " 1955 gold 4s of 1910— Trans-Con Short L 50% J-J ( Central Pacific 1st ref gtd gold 4s_1949 /■:/> Through Short L 1st gtd 4s.--_.1954 • 99% 101 101 >••' > M-N 106% 108% 3 ,.V> 50 v 5s registered——1987 AGeneral 4s .1987 / 103% 106% > - 30 *100 Nov Adjustment gold 4s__.*.__-__ Stamped 4s._.._——.... Conv gold 4s of 1909 8 1013/4 1013/4 71% : Atchison Topeka & Santa FeGeneral 107'/a 108 \ 101 • 92% :46% ■ 5s 1964 (Del) 4s B_.• sink; fund 4s series C /"> ,: —1995 JAnn Arbor 1st gold 4s— Ark k Memphis Ry Bdge & Term Armour & Co Jan \ > 59 ; " 100% 101 •''" _ J-J ' Am Wat Wks Si Elec -6s series A. —1975 — 89%' 47 ,11- 95 y8. 20% -4s ' Am — 7,7 70% 105 3A 1083/a 153 1067/a 107% ' 81% JACent New Eng 1st gtd 4s—1961 t A Central of N J gen gold 5s—1987 105 Ya 108% 38 ' 101 A-O 107% 108 '/a V ■ •-'• 34 42 583,4- - 99% 105'/a ' F-A Central Illinois Light 3%s—^---1966 r. 101% • • > ■' 57 - ■■*•. 72'A 89% 103 . 74% "v ' 107% 39 89'A " 1959 AMoblle Div 1st gold 5s 101% I04y4 32 99'/a > 58% ; . 1945 & gem 5 y3s series B A Ref & gen 5s series C AChatt Div pur money ] 105% 108% - 214 • />': M-N •' - mtge 5s_———————Nov A Ref a >■: >;/•: 17 103'/a ■ 62 10 94'A 88% §AConsol gold 5s————-1945 t . /> '■/:■;. . A-O debentures—-. 68 - ' >; i2' 74% 103 99% /:/ 60 • 64 59 A 1st : 72 Va 103 ■ 76% 51 -41 12 107% 108'A '74* M-N 63 9 - 94 -:;> M-S . 99% 56 fCentral of Georgia Ry— [ ' 103'/4 104% ' M-S > • 28 103 >A 1961 3'As deb .64'% ' L__^ debentures.—...— Tobacco Co 64% MS ■ conv 3'As Amer - - 52 2030 —1949 5'As American Telephone & Telegraph Co.— conv • 56% ,1949 Foreign Pow deb 5s——_ 5'As Am Internat Corp 72% 56 51 F-A . Amer I G Chem conv 3s •71% 56 l/a 52 A-O Allis-Chalmers Mfg conv 4s & .71% 67 A-O ,—1950 Income^. Alleghany & West 1st gtd 4s..-— Am : A-O — — J-J Celotex Corp deb 4%s w w— 1947 A Cent Branch U P 1st gold 4s_-—1948 90 78 ' 272 89% -90% w w——-1950 99% High 108% 111% 93% "• 89'/a :, 71% 105 Va 105Va • January 1 Low 2 ■ J-J 4s 1981 Celanese Corp 3Vis debs_——1962 : modified . Range Since Sold No. 70% J-D Ohio 4s——-1965 Corp 5s Cart & Adir 1st gtd, gold 55 1' :y;\ " / n' / Carriers & Gen . 63 ■ 5s __1954 4%s————^.1960 Carolina Clinch & 103% 54 5 ' trust 993/8 J-J ISACarollna Central 1st gtd 4s_—-1949 i - 104 Ya 106Y4 ' 2 /> 92% *89% •/v'. ... **6 ••-■••2 • * 60 92% >'/ ^ '"•/ : 61%*r 61%**. Collateral 70 3/8 M-S L..1944 Bonds High 111% 111% J-J >.1946 — equipment trust ctfs— Coll trust gold 5s__ I . '104% 104% 106'/a 106'A ' A-O 4%s 5s 98'/a 101 106% ,-C" *103'A 103% j-j • - ■: ■ . Friday's or J-J 102 ■ ;*1Q4% 104% •. *>; j-d Alabama Power 1st mtge 3'As—, —1972 Albany Perfor Wrap, Pap 6s.i.-.L> —1948 warrants, assented,, i >•>". . Coll trust < 100% 101 Ye 4 , . *105% 106% / Last, Sale Price Bid & Asked Period. / ; Canadian Northern Ry deb 6%s—1946 Can Pac Ry 4% deb stk perpetual— 62% 101% 101% 101 .v'' Week Elided Sept. 25 / . Week's Range Friday Interest New York Stock Exchange , Low 72% 49 y8 '' Ala. Gt Southern with 69% 49 '*' M-S 1948 , 69% J-D —1946 6s No. j 1 v 10-year deb 4y4S stamped— cons High Range Since January 1 Low Nigh ' Sold ' ; Coll trust 4s of 1907.^-.—...—1947 1st Bonds Companies tAbitibi Power & Paper§ A5s series A unstamped..... AStamped' Adams Express>coll tr gold 4s,;,',; i BONDS -■,;• Friday's Sale Price Bid & Asked B Pittsburgh RR^- 4'/2S series :.._.1942 A-O 1942 .,.—'1948 _-_.__._._1950 A-O M-N F-A B..^. 3%s gtd.. 3%s gtdj. Series D 3%s gtd. C *99% -*105 ..^.1981 F-A J-J Cleve Short Line 1st gtd 4yaS_.-L.1961 A-O 69 Gen & ref 4%s series B__ ... 1977 106% 108 108 105 *10o *105 General 4'As series A : 108 107 Ya *105 69 63% 83% '■ i THE COMMERCIAL & 1130 25 Sept. Ended Week Interest Period Stock Exchange Last or Low 1st s 1st s 1972 1973 .—1977 f 4%s series C J-D F-A A-O 1st gtd 4s Fuel & Iron gen s f 5s Coal River Ry Colo 5s mtge income 1980 Columbia G & E deb 5s May 1952 Debenture 5s Apr 15 1952 Debenture 5s —; 1961 Columbus & H V 1st extl gold 4s__1948 Columbus & Sou Ohio El 3%s 1970 1955 68 VA. 114 63% 71 Va 61 Va 66 58 Va 66% 87% *83% — 91% 90% 91% 91 Va 9 86% 191 85% •t - 85% 109 ' . 28 Hudson Hudson Co 102 Hudson 81 ' 78% 101 Vi , 2 108 % 109 106 deb AAdj May 1968 J-J A-O J-J 1st 4s——1943 Riv Pasump & 4%s_„——1951 1951 Stamped gtd 4Vis 1961 f 3%s A Conn River Power s v.;-. ' .■*"**. 109% Central RR— ~1 3 109% 109% 109% F-A 108% 110 gold 3%s 1st trust gold 4s Collateral 3 Vis debentures 3Vis debentures 108% 110 Va Purchased 3%s lines debentures 3Vis Oil conv Consolidated 1954 $AConsol Ry non-conv deb 4s A Debenture 4s Coal Consolidation 1st mtge 3Vis 1st mtge 3%s 1st mtge 3 Vis 1st mtge 3 Vis Co 2V/4S s f Crane Vi 109 % 108% 110 Joint 1st 31 108% lllVa 1st & ref 4%s series C_— 13 106 109 % 34 31% 34% 90 31% 94 Va 37% Inspiration Cons Copper 4s 33% Interlake Iron conv 30 7 ' F-A 49 2 43 54 95 79 79 63% 63% 56 64>4 Va 49% 48% 49% 357 40% 52% 45 46 177 37% 47% 76% 82 66 Va 82 23% 24% 19% 27% 51% 542 59% Debentures 61% 92 27 *108Va 110 108 Va 108 V# ■■ 102% 105 Va 14 104% 104 104% '*-•*» . 102 % 102 % 4 99% 102V4 101 Va 101% 25 99% 101% 27% J-J A-O J-J 27% 34% 21% 39 A 105 % 2 107% 107% 104 26% 5Va 1% 35% 121 103 % 103% 10 103 % 105 105 % 14 104% 105% 34% • 105 105 94% <94% M-N 29% 11% 417 29 % 3% 4% 96 85 2 94% A 90% 101 *91 F-A 94% 59 % 211 35% 59 % J-J 58% 1955 F-A 60 60 61% 203 AA 38% >1951 — 1st & ref 4s 58 M-S 2 2% 16 l/* 49% 50% 85 43 53% 93% 94 2 93 97 Va 82 88 40 63% 1952 2% 61% , 2% 104% 105% 4 5s 101% M-S . 1947 6%s Cent Ry tAIowa 106% 107% — ref & & Teleg deb gold 4%s Int Telep 101% 101 Va 101 V'a : 56% >24% 11% 1972 Cent Amer 1st 5s B_: lien 1st 103% 106% 106 82 J-J J-J M-S A-0 105 % • 108% Vi 2lVi 22% 1,028 10% 22 V2 .21% 21% 22% 171 10% 22% 4% 4% 5 123 1% 21 50% J-D Laughlin Steel 3%s__—..1961 & Jones A 5 1959 Frankl & Clear 1st 4s James A J-J 7 6 Va 87 . *110% K 1 36 101% 106% 32% 32% 32% % 3 ■ 18% *17 17% - 83% 83'% vi *108'/a — 14 110% 110% ^ J-J J-J 40 5 15 Va & A 5s Apr 1950 Kansas 20 City Term 1960 1st 4s 1987 —1961 ——1961 Kentucky Central gold 4s— Kentucky & Ind Term 4%s_ Stamped -A—— 31 Plain 108% i:0% 102 J-J *149 154 J-D *101 101% M-N . 150 5 29 A-O A 58% 91% 150 86% 54% 327 45% 1997 ——1954 106 10 1st 5s ref>6%s——_——1954 & V : J-J 1959 J-D '97 % 97% M-N 1943 107 98 *60 v < VA1 1 25 • — '. 72 72 17. •15% __ 13 72 Laclede 95 Coll Coll 108 ." 1974 ?■: M-S 16 i6 % —w tFonda Johns & Glover RR- 17% 16 Va 97 Vi 105 £> Gas & & ref M-N . 'V, 4Va 4% 3% 4% 1956 J-D 1956 : 88% 5%s ?.'( i ' M-N 81% 65% A57%: 73 A 5%s series —1945 1953 1960 ref 5%s series C_ D_— 3%. to & Mich Sou,gold 3%s —1975 reg 8% 17% 7 7% 16 Va . 4.V4 v'A 3a 2% Lehigh & N Y 1st gtd.gold 4s__:—1945 4 V4 ■■■;'. 11 102 Va 102 Va -■"••5 100 18 69 81 % 83 1% 4%'v.A 4% 102% Lehigh Valley.Coal Co— ^ . "A stamped-.—' fund 5s 5S fj'/i'.'v. 110% 111% 80 86 90 90 83 84 *84 Va *160 — 104 J~2 104 106 Va 106 V8 4 106% 106% ■ 1% 1% A 105% 106% 103% 106% 98 3 V 100% 101 101 102 A 1% % 5 1% 106% 101 10 w 43 Va 40% 89 95 *90 100 100 A-O F-A F-A "187 Va 87 88 Va 100 98 12 100 88 88 / 153 : VA'72: A 89 Va 72% 89% 95 28 88 *97'/a 98 '82 82 *70% 80 '48 48 Va j 76 77% 74% 74% 77 J-J J-J A-0 97% 75% 84 35 A 88 72% 3 — 20 ' 34 48% 70 • 2 / •79% J 80 67 93 ■93 V:■/, M-5 ^ 83 80 Va 21 A : 79% 91% 96 67% 12 :: 1946 Grays Point Term 1st gtd 5s__—1947 1961 A General 5 %s series B 80% 94 98% Leh Val 54 14 21% 30% 31% 14 20 104% 105 % 67 93% 105'A *93% J-J 1976 *94% J J-J J-J __ J-J .100% A.V 90 Vi 95 108% 108 Vi 100% 101 98% 105 17 88 4 82% 82% J-J 82 81% 82 J-J 96% 96 96% 951/2 95% 95% 74 73% 74% Gen mtge 4s series H„_ 1946 J-J Gen mtge 3%s series I——A.—1967 J-J , 105% 108% 90 Vi 90 Lehigh Valley RR— 4s stamped modified———^—2003 2003 4%s!stamped modijied——2003 4V2S registered———2003 5s stamped modified:-——2003 4s 6 Feb 1951 1st 50-yr 5s gtd—1965 ext 5s 79% 89 79 87% Lex & East 103 93% 99% Libby McNeil & Libby 73 92% 97% Liggett & Myers Tobacco 50 69 Vi 79 Va 62 5%s B 1950 . 1st mtge 5s series C 62 2 57% 11 9% 11 188 7%. 11 A-O 92 91% 92 8 89% 1950 5s series A A-0 1§75 Gulf Mobile & Ohio 4s series B J-J 2015 J-J 1952 87 68% J-J 53% 68 87% Vi 53% 6 69 Va 16 54%. 99 86 95% 66% 92% 74% 46 59 92% 93% Ship Island RR— stpd— f 4%s —1961 Gulf States Util 3%s series D 1133. 1969 J-J 52% - M-N A-0 M-N *93 101% 101% 101% 110% 110% V 74 80 85% 70 73 57 9 73 46% 33 '50% 53 84 71 Va 58 __ '<45 Va 33 73 42 Va * ■ , 51 48 53% 101% 105 109% 111 1 29 38% 119 32 46 39% 38% A-0 A-O 59 58 59 37 116 116 —_ 122 3%S ext to—1950 Long Island, unified 4s 1949 Guaranteed ref gold 4s—_——1949 4s stamped—i ———1949 Lorillard (P) Co deb 7s^ ^—1944 5s debenture— ——1951 Louisiana & Ark 1st 5s series A—1969 Louisville Gas & Elec 3%s__ 1966 Lou & Joff Bridge Co gtd 4s_——1945 A-0 M-S 105 M-S 111 115 '' 121% 123 Va 105% 105 % 102% 105 105 *94 ; 91% — 96% 97% 98 34 92 98 97 Va 97% M-S A-0 F-A J-J M-S M-S 117% 106 *99% 105 61 114 104 9 122 122 51% 12 *110% 111 ■>;. ' 2 105% 105% F-A M-N series A 34 40 34 M-N J-J A-0 Long Dock Co 40% 36Va —_1951 —1962 debenture 36 29 32 4s—-—1955 7s—1944 5s 37% 26 340 34 31% 34% M-N ' 26% 11 210 32% 31% 35% — 65 Feb B—. F-A , 75 58 58 ;v •72% 46% 97% Little Miami gen 4s AGreen Bay & West deb ctfs A— *73 F-A registered Leh Val Term Ry 48 *73 Va a A"; 72 :'A 7 31% 94 37 1946 series G_ 80 __ _1977 General 4 %s series E F-A ■Lehigh-Valley N Y-4%s ext—i„ 1950 —1973 General 5s series C Harbor 63 85% *73%V75 „„ 1974 -.A—;, 84% —: 18 1952 General 4%s series D— ■•■■ 1974 Term gtd 5s—--',-1954 stamped-^-^.- 5s I'A, 99% 100 — — *83 84% '——1964 97% J-D , *99%' —j. stampedi-'— 5s- ■ F-A 1954 1st & ref sink fund 5s_——-1964 stamned 5s 16% 30% j' V Dec - —1954 96% 104% For footnotes see page __ 108 '/a 110 49 *84Va —1944 • 1st & -ref sink 17% M-S s *110% V *41 J-J J-D Lehigh & New Eng RR 4s A—_——1965 96% J-J M 5s 12 62 % Ltd— mtge Jncome J-J J-D Hosiery deb 5s w w ref Term 109 'A 109% *T-D 1947 1997 ; J-J Gotham AGen mtge inc . Lehigh Coal & Nav s f 4'/2S A—_1954 Cons sink fund 4%-s series C-—1954 ■> J-D —Oct 1 1945 t?AGa Caro & Nor 1st ext 6s 1934 Goodrich (B F) 1st 4%s —1956 1st 74 98% 58 A 1st - 1949 —1949 tAGeorgia & Ala Ry 5s ctfs 65% ; '■ A:.. 1st & ref sink fund 5s—— of Berg Co cons 5s mtge 4s 101 109% M-S M-S M-S ,1 %kregistered__l——1997* • Northern 4%s series 73% ■ " .1982 (Proof of claim).. Certificates of deposil §A2-4s Castings 64% 71% 72% J-J 1 Light extd 5s—i 5s extended at . 107% 536 •A 56% Lake Erie & Western RR— ' ' 43 J-J A 3%S———1961 3% notes—1950 ctfs——1—1959 ■- Lautaro Nitrate Co 107 J-D 64% f' A-0 — jAKreuger & Toll 5s 56% 97% 62% J-J 1961 unguaranteed— Kresge Foundation 93% 54 A, 96 44 A A;> 37% 70 91% — 62 % 62 54'A '103% ' 60 J-J 1961 — —— 104 Va 91% J-J J-J M-N M-S 1971 103 61% J-J AA J-J i J-J Koppers Co 1st mtge 155 56% A-O 1st 99 Va 100% 67 % 66% 109 99% 103 104 104 M-S ■/.: '•■>••• —1995 3 Vis mtge 108 102 1965 Co— *105 671 63% •Vv' 95% 103% 4%s ' A-O , 59% 63% A-O J-J J-J Southern Ry 1st 3s___1950 impt 88 61% ' , 106% 108 - 25% 25 -25 80 Va 102 102% 102% 102% 32% Ref *83 Va A-0 A-0 - J§AK C Ft S & M Ry ref gold 4s_1936 ACertificates of deposit-——_——A 109 % 111% __ 1st gtd gold 4s—1990 & Mich Kanawha 108% 112% Kansas City M-N M-S A-0 ' 6 2 104%, 104% J-D 1995 4%s 87 111'/a 111% J-D lien gold 4s 1995 7 86 Vi 7 M-S J-D 1965 Gulf States Steel 49% 87 .1961 & 49 % 45% gold 5s series C j —1956 A Hydro El deb 6s__——1944 = Paper 5s series A & B 1947 Ref sink fund 6s series A 1955 " & 39% J-D Internat *107% M-S 1956 1st 5 J-D A Internat 3 Gulf 45% 169 33 78% 1st 5s Nor 46% «■ A 1st Lake Sh & 40 27 % 93% *— 58% A-O series F mtge inc 4 %s series A——2015 N Y & Erie RR extl 1st 4s ___1947 Gulf Mob 57 13 45% 45% 44 3% 1st cons gold 5s—-1995 ADebentures 58 53 42 J-J F-A J-J J-J 33 19% AGen General 83 57 57 25 23% 3% 1st cons M 4s series B Great 71 5 57% 26 86% 1% stamped Steel 81% ■• 56% 11 4 11% 1970 Gen 81% *— J-J 559 4 102 Elgin Joliet & East Ry 3Vis Gas Si Elec 49 326 31 505 1950 A 38% 5 Va 92 264 deb 2%s._ 1st 257 27% 36% 3Vi Elec Auto-Lite 2Vis debs Div 45 % 25 30% Kings Co Lighting Ohio 44% 27% 6 19% Minn Nor Div 1st 4s 1948 East Tenn Va & Ga Div 1st 5s_—1956 Railroad 50 58% 44% 26% 36% 2% East Ry Erie -'M-N F-A J-D 48% AAdjustment 6s series A—-July 1952 A 1st 5s series B 1956 Kings County El L & P 6s 5s 39% 47 JAInter-Great Nor 1st 6s series A.1952 33 18% 4s El Paso & S W 184 56 Va J-J 35% 35% 23% 3% & Tunnel (NY) 49 55 J-J A-O 28 106 J-J —1961 1950 Dul Miss & Iron Range Ry 3%s___1962 t§ADul Sou Shore & Atl gold 5s—1937 Duquesne Light 1st M 3%s—-—1965 Ed El 111 47% 55% A-0 25% 18'% gold 4s Term Chemical 48% A-0 1 A-O 1965 ref mtge 3Vis series G__-1966 :> ref 3s series H : _1970 ASecond 46 '/a M-N 1947 42 27 (subject to plan)—* F-A impt 5s series B—Apr 1978 Detroit & Mackinac 1st Dow 38% 1952 deb 4s 35% 32% Int Rys A J-J J-J JADes M & Ft Dodge 4s ctfa.*. 1935 tADes Plains Val 1st gtd 4Vis——1947 Detroit 49 Va 73 39% 91 M-N J-J J-J J-J Aug 1955 tADenv & R G W gen 5s & 53% 39% 45 1950 1956 Ind Union Ry 3%s series B ._1986 A Inland Steel 1st mtge 3s series F„1961 35 36% J-J J-D ,—1970 1969 gold 4s—1936 _—1936 mortgage 4%s„ Gen 42% 188 43 Va 1st gtd 4s_ JAInd & Louisville 29 J§ADen & R G 1st cons §AConsol gold 4Vis— & 136 44% « 31 % 31 V'a A-0 Union Ry 3 Vis series B—1965 1st & ref. 4s___1943 Delaware Power & Light 1st 4Vis—1971 1st & ref 4 Vis 1969 Gen 53% 48 1st gold 4s & Iowa Ind 111 26 101 38 — 1955 Dayton P & L 1st mtge 3s Edison 51 F-A 35% J-D 1946 . Delaware & Hudson Detroit 92% 86 Va 65 *30 ' J-J .—1963 1963 series A ref 5s 23% 37 29 Vi 36% 34 Vi 107 Va 109% '••;■ 99% 101% 11 91% <91 — 18 101 — Dayton AAssented *86 % 86% 86 90 *86 Va J-J 29 Va Publishing Co 3s deb ARef & 90 84 *91% 108 D 1st 99% 102% 101% 102% 46% 1951 111 Cent and Chic St L & N O—• >;;; m 101 32 receipts ADeposit 21 Va 51% 1951 1st gold 4s 110 *109 101 J-D to__—1946 receipts—: series B extended to A6s 8% 47% . 107% 108 — A extended ADeposit Curtis Western Lines 110% 111 110 >;-v. 107% J-J 1952 receipts—: ser.es s Springfield Div 1st gold 3'As 96 107 *109% 109% — 1st 5s gold— ADeposit A7 5 36 80 — 96 37% 23% ■ __ 35% 26 1 37% 95% 48% A-0 4%s —1966 Cairo Bridge gold- 4s —1950 Litchfield Div 1st gold 3s— 1951 Louisville. Div & Term gold 3%s_1953 Omaha DiV'1st gold 3s 1951 St. Louis Div & Term gold 3s 1951 A Gold 3%s-_ —: —1951 23 % • 37 % 36% M-N , 40-year 101% 105 Va 20 — *37% J-D receipts— ACuba RR *37% 96 A-0 J-D 1942 5Vis §ACuba Northern Ry 1st ADeposit 106% 105 Va 108 \ M-N M-N M-N M-N M-N 1950 1955 debs Steel 3Vis s f debs— Crucible 106 % 103 1 103 Va 104 J-J J-J J-J —1965 ———1967 — 1970 —1966 1969 •1st mtge 3Vis : 104 5 104 20 ' 45., 116%" 120 % Co— Power Consumers f 5s_ s ■ 46 105 Va 105 Va 106% 106% 105 Va — 102% 104% 8 104% 105 % 104% J-J . —1955 1956 ,—1960 4s A Debenture gold 4s Refunding 5s___ . 35 Va 47% 21% •46% 46% J-J J-J A-0 M-S , —1952 1955 1952 —1953 1955 i Refunding 4s 103% 103% 103% A-O A-O A-O J-J J-D ___1946 __1948 __1956 1958, deb 3Vis_—1951 101% 119 .20% J-J '44 119 119 A-O 1951 —-—-1951 —.1951 ; 1951 gold 3s sterling 1st ■' 109% 109% «,«. M-N F-A , •42% 43% ■ 91% 6iya 102% 104 % vaa:;-AAV w gold 3%s Extended . — Consolidated Edison of New York— debentures 1949 , 5s A—1957 1st 98% 103 90 89 103% 103% J-D Feb 1957 Collateral trust 3'As gold 5s_ income 5s gold 4s 1st • *112 ' J-J «. 106 15 108% 109% 109% 108% 111% 2 111% 111 J-D 1958 mtge 3Vis series I Conv debs 3Vis— Ry & L 1st & ref 1st Gas Manhattan A Bell Telep 2%s series A—-1981 "1st 1st Conn f 5s series A_—1962 s Illinois 35 Vi 21 134 35 Commonwealth Edison Co— Conn 1st Illinois _-._-.Apr 1 1969 w w Coal 122% 127% 101% 101% m*m maim 32% High 108% *111 34% Low NO. High 109 18 109 108 - 108 ,90 88 85 Range Since January 1 Sold 126% 127 126% A-0 M-N M-N — t§AHousatonic Ry cons gold 5s Houston Oil 4%s debs 84% 102 244 91 J-J 1944 1937 1954 A,. Co 1st mtge (R) 79% 451 91 1999 Hoe 15 — — 28 25% 27 Hocking Valley Ry 1st 4%s ' 101A 103% 6 Bonds Friday's H — 101-ft 101A or Bid & Asked Sale Price Lorn 84 Mackay Corp— ACommercial 'Income 75% *103% F-A 1st extl 4s_ & Tol Columbus 36 61 61 25 Week's Range Last Interest Period Exchange Sept. High 78% 66% 68 M-N M-N A-O J-J A-0 M-S series A & South 4%s AColo Low No. High Ended Week 1 January Stock New York Range Since Sold 77 78 4-0 A-O A-0 1945 1943 1970 gtd 5%s f 5s series B gtd Union Term Cleve Friday BONDS Bonds Friday's Bid & Asked le Price Monday, September 28, 1942 FINANCIAL CHRONICLE Week's Range Friday BONDS York New I^WW*!^ IV 98 28 91% 98 110% 110 Va 10 110% 115 119% 122% *119% 105 77% 84 V3 81 47 109 Va 109 80% 4 108% 110 5 105 80 105 Va 105 Va 106 THE COMMERCIAL & FINANCIAL CHRONICLE ^Number 4111 Volume 156 Week Last Interest Period Stock Exchange Sept. 25 Ended BONDS \V exit's Range Friday BONDS New York or Bonds Friday's High Low N-»< • New York Range Since January I Sold Sale Price Bid & Asked Low»- Week 5s' series B 1st St ref >2003 ...... , A-O r . 1st & ref 3%s series E Unif mtge —-2003 . 3%s series A ext 104 St Louis Div 2d gold 3s———1980 Mob & Montg 1st gold A'/aS—1945 South Ry joint monon 4s——-1952 Atl Knox & Cine Div 4s-_——1955 1/ Ref 4%s series 93% 1st mtge 3%s extended to 80% 86 ya 6s; 10* 84 84 *__ *110 4%'s. series-A.. Gen mtge 106% Conv 5% 84 80 91 \ .28 48% 51% 52 . JAMarket St Ry 7s series A—Apr 1940 • (Stamped mod) ext 5s__— 1945 McCrory Stores deb 3y4_——1955 McKesson & Robbins 3J/2S 1958 *11 N Y; & 55 Vi 53 y* 46 61 ' ~ 30%, 93% 93% 103 100% 99% 31 99% 101 63 65 50 60 65 79 6 71 83 107% 108 20 F-A 107 y4109 55 Vs 55 M-N 60 59 3-J .-/' M-S 39 1947 4s———.*.* deb 3y2S— deb M-S A-O 37 3y2s—— deb 4s» ANon-conv dfeb 4s— — , ' 56 42 60 % 27/ 52 59 54% *102 64 103% 100 / 38% 39 y4 78 19% 39% 37% 37% 11 20 Vs 37% 36% 37 y2 149 isy4 37y2 39% 3-J 1956 39 y4 38% 39% 156 19 M-N —^>1955 — 119% 111% 115 103% 104% M-N 1954 deb 116 3 111% 111% M-N . >1943 / ANon-conv 39 Vs 38% 40 118 19 y4 40 37% A Debenture certificates 3 V2s——1956 3-J 37% 37 37% •57 19 AConv 6s—w——————1948 3-J 47% 47% 48% 389 23 1940 A-O 59% 59% 60% 84 40% 1957 M-N 9% 8% 9% 80 3% 9% 1967 3-D 43 44% 622 2XV/2 44% 85% 87% 62 73 87% 8% 969 2'/e 2% 148 44% 44% 17 111% 111% 7 deb § A Collateral 67'/a 4% : S. 26 117% HP 117% -1947 Impt 5s ANon-conv 107 Va 41 75 *8 106% 108% ' 108% 108% J-D 1973 ANon-conv 109% 112% . *70 ; 107% A-O >—1973 ANon-conv 95 105% 104 *112% >: }N Y New Haven & Hartford RR—- 101 68% y 106% 107% 107% 57 65 A-O 2000 series A 4%.s series B—— 40% 97 104% 104% 104% 93 99% 79 F-A —1949 ' Harlem gold 3%s>— N Y Lack & West 4s 100 y2 98 99% 100 , 69% 96%. 100 99 / 83 58 15 • gold 4s N Y L E & W Dk & 42 *99% A-O F-A / 4s——1938 f 43 %, .'.fc'fti . 85% - 67 *23% M-S Metrop Ed 1st 4Vis series D—; 196G Merop Wat Sew & Drain 5%s.—1950 JSAMet W Side El (Chic) A-O Q-A Q-A A-O J-J High 71 324 63 y4 100 ' :,?3Q/f/a-': 4s_ '■ 79 48% 51% M-S 67 100 ... A-O —1966 - Purchase money y Low 78 62% A-O —1947 1st lien & ref 3 y4s series E 108% 111% 83% 48% M-N ■/Stamped notes—-J—, N Y Edison 3%,a series DA;>—1965. 91 W , : w 83 3-D 76y2 100 J-D N Y Gas-El Lt H & Po\y gold 5s>^1948 1959 /.y/yM-N j. tSAManitowoc Qreen Bay & North- ; western 1st gtd 3 ---t-1941 • /-. 3-3 Marion Steam Shovel s f 6s 1947 A-O Manila RR (South Lines) debentures^/—>u—^--^-1950 N Y & Erie—See^ Erie RR 3-D • —I960 Sugar :4s sink fund—Feb 11957 A Manila Elec RR & Lt s f 5s——1953 Manati 62% A-O N Y Connecting RR ■ 3%s A— —1965 N Y Dock 1st gold 4s—————1951 108'/* • M Maine Central RR 4s series A—1945 January 1 No. 110% . 90. 91 Range Since Sold High 105 101 104- *104% 105 M-S M-S J -J M-N 1 M-S —1947 C—' 98 7, 77V/e —1974 84 104% A-O +-1978 A 90% . *107%. —//„ '• F- A series 8 82Vi ■'/" ' Bonds Sale Price Bid & Asked Period Chicago & St Louis-*- 5l/aS 8 86 82 Ref 104% 99 76 92 Vi 85% J-3 J-J >1950 TJnif mtge 4s series B: ext——1-1960 Paducah & Mem Div 4s———1946 91 Vi 92 V2 A-O A-O A-O 1st & tef 4MiS series .C— —2003 & ref 4s series D—2003 1st 16 Week's Range or Friday's Last Interest Exchange Sept. 35 Low New York 100% 101 Vi, Friday Stock Ended High Louisville & Nashville RR— 100% 1131 trust A Debenture 9 6s„ 4s_ Alst & ref 4Vas series of 1927 43 Vi 48% 61 J A Harlem River & Port Chester— /'Michigan Central—■:/ / /:■•■' ;:'//, Jack Lans & Sag 3Vis —1951 M-S 1st gold 3 Vis— —————1952 M-N Ref & impt 4 Vis series C......-1979 J-3 Michigan Consol Gas 4s— —1963 M-S }§AMidland of N J 1st ext 5s——1940 A-O i§AMilw & Northern 1st ext 4Vis—3939 / J-D A § Con sol ext 4Vis —1939 J-D '; ■ * 70 38 59% f 106% 106% 106% 96 5 67 AGeneral 63 38 4 60 58% 40V/2 45 29 45% 29% 30% 52 .18 30% 8% 9% 183 3% 31/4 :. 28 2% 34 % 15% 15% 366 /' 9% 15% 16 90 9%: 16% .15% 16 . 29% {AMilw Spar & N W 1st gtd 4s 1947 M-S / ft S AMilw & State Line 1st 3Vis 1941 / v;, J-3 J A Minn & St Louis 5s ctfs— 1934 M-N A 1st & ref gold 4s —1949 yf. M-S A Ref & ext 50-yr 5s series A—1962 Q-F 37 37 ' 9 3% 2%. 2% f 6% y i%. A 1st & ref 6s series A———1946 A 1st & 3-J 3-J 3-J ■ N Y Rys 1; ' 2% tAMissouri-Illinois RR 1st 53—1959 Mo Kansas & Texas 1st 4s 1990 , 97/a 3V4 % 4 60% 41 98 V4 42 Va 150 Missouri-Kansas-Texas RR-*.//-': ■ 40-year 4s series B Prior lien 4 Vis series 3-J 1962 37%, 31% 31 2 V« A-O 116 293 8% 507 39 108% 109% noy2 11 109% lllVa M-N 104 104 deb 5 Vis—1950 (Md) A 1st F-A-: A—-—1965 of deposit——— 4s—————....1975 & ref 5s series F 1977 & ref 5s series A 1st yv. M-S A : A 1 RR" 5s A 72 i/s 6 6974 74% 33%, 32% 34% 678 2174 34% 29 29 29 2 23 V2 29 35% 35% 35% A-O /:,/ ■ 36% guaranteed gold 5s_ 1945 ..-t 35%. F-A of. deposit v — >/:'/'■ 35% 35 36% . 1 1 • 34% / % 3% 21% 472 „ 21 - ' v;/:. 13 ;/:: 36% 24% : | '1 36% 35 ACertificates 36% M-N M-S F-A Moh'k & Malone 1st gtd gold 4s_—1991 Monongahela RF 3Vis series B_—_1966 Monongahela W Penn Pub Serv—• / 1st mtge 4 V'aS———1960 92% r < 48 y4 49 93% 42 12 3Vis sinking fund National Steel 2047 3-J —2047 3-J impt ,5s series- D———2047 J-J impt. 6s series B. Si. impt & Northern , / 38% 103% 106 Northwestern Teleg England Tel & Tel 5s A——1952 1st gtd 4%s series B———1961 N J Junction RR gtd 1st 4s——.-1986 N J Pow & Light 1st 4%s —I960 New Orleans Great Nor 5s A 1983 N O & N E 1st ref & imp 4%s——1952 New Oil Pub Ser 1st 5s series A—1952 1st & ref 5s series B———1955 New Orleans Term 1st gtd 4s——>1953 - • 53 35 Ye 46% ,31% 42% / 13 109% *112 5s series 106% 109% 111% 112% 116 29 69 68 105 102% 102% 102% *91 f 68 12 65 66% 77 66% 111% i* 56 120 Vz 124% - __ iioy4 110 76 76 82 " : 82 7 a 1st mtge 1st 107% 5 107 y4 107% 107% 107% 44 44 45 105 .1 52% & F-A >1946 impt 4 Vs s series A——2013 Ref & impt 5s series C—: 2013 A-O A-O ; 49 52 52% 48% 49 48% 49% 46 47 55 y4, 56: 51% 5 55%: "100 — Oklahoma Gas Power N F 104% 104'/a 17 registered Pacific Coast 1946 J-D ' 3-D 45 13 I . 588 mtge 3 V4s series* C s For footnotes see page 1133. F-A F-A 54 *45 49% 48% *46Va 99% 105 102% 104% ■ 1027a 103 102 Va 105% : i 8 105 106% 106% 106 108% 109% 112% : 1 110 ; 106% 107% 34 104 99% 47 *110% my4 _" - 110% 110% 99 r 78% 101% ! 110% 113% 29 107% 111% 13 108% 102% 106 Va 109% *101% 102 A-O 109% , 93% 3-J 18 95% 108 108 3-D 95% *92% 95% 108 109 109% *-_/' 105 - _ w 99 102% 99 12 102 102 J-D »..»1966 102 y8 85 95 V2 84% 94% 17 106 >/4 108% 12 107*4 103% 105 105 — ..>>1.1960. M-N ; iooy4103 v4 *102% 105 y4 Trans deh 6s__>_; 70 69'/a 70 M-S 99% 99% 9974 ^>1944. A-O G E Cons 5s»1949. M-S .. 45 45 — ! .• — ' '' 'r 33 108 9 58 Va 49 118V4 118 .. 70 98% 100% 40 Pennsylvania Co1942 102^102-,^ J-D ctfs D_—1944 J-D 103 V^ 1952. M-N. Secured 4s.—1»_»^ .- 1963 F-A __196D J-D Pennsylvania Glass Sand 3y2s 43%- , 59% 98 J/2 ■ . '—' F-A Gtd/ 4s series E trust ctfs *46" . Broadway Corp— Guaranteed' 3y2s trust 54y4 -59% , 49 79% 40 63% 78% Pa Ohio & Det 1st & ref 4%s A—>1977 4%s series B_» 102% 1 2 105 108 102% 103 54 100 Vi 105% 103 *104 101 Va A-O 102% 104 V4 108 101 101 y4 44 105 100 104 101 % 102 *100V2 102 1981 Light 3y2& debentures 1 .... J-3 1969. F-A 105 % 105% 106 40 105 108% 1974 : Penna Power 4%s ■ 103% 103 V4 108 F-A 101 101 102 31 99 107% 68 67 Consol , 36. 49% 61% Gen 57 Cons 56% 45% 44 . gold '4s—— stpd dollar mtge 3%s series C Sinking-fund 4y2s 4s sterl 50 16 55 47% 108% J-D 91 36 110% 111 - General 4y2s 49 y2 General 5s series A series B. ,1943 ...1948 May 11948 1970 I960- M-N 101% 101% 1 M-N 109% 109% *109% 110 9 M-N 89% A-O F-A 90 120 Vi? 120 y4 1 1 132 5 1965 J-D 101% 101 Va 101% 1968 3-D 108 % 108 Va 108% 101% 103% 108Va 111 108% 111 10 • 112% 107% 82% ... 113% 113 J-D , f gold 4y2s_i«1955 Guaranteed: 3y2s trust ctfs.C-1 35 , 49% 50 *87 . 110% , f gold 3s loan ctfs»l»1955 1st M s Patersori & Passaic 1,240 70 54 106% J-D 1971 56^ - 3T >.42 53% F-A 1 _> J-J 3'/as series I„»_1966 mtge 3s series J„——1970 52 y8 381 681 48 J/4 gold 5s 1st & ref M 3s series* K Ref / 110 49% v •••. 52 1st & ref mtge 1st & ref Parmelee -4oy4 ,47- 98V* F-A "// ; 1st Co 52% - 39 .39 •; 47% 1998 106% ;■;■■/'' J-J St ref mtge 3%s series H>.._1961 49 38. 20 v.. 53 registered 1998 Mich Cent coll gold 3y2s_— : 1998 3%s registered—>1998 y J-J Paramount Pictures 4s. debentures>1956. 22. - 7.4 3%s ■■•/ V /v/ 1-1946 Oregon-Wash RR & Nav 4s 1961 Otis Steel 1st mtge 4'/2s ser A___>1962 1st :!• 1 *101'4 101% M-N stpd cons 5s» Paramount 59.. , 68 Lake Shore coll gold 3%s— 104 Va F-A 3-J 34%. 49, 15; v.: , A-O 70 J-D 1943 5s—1943 Panhandle East P L 3s B . .93 3-J 107 1946 gold 5s»_1946 45% 499 ——1997 2 J-J cons 52% .166 73% - 109'/4 109 y2 J-D 1st 41% 54.% 64 • J-D Ore Short Line 37% 98% 74 1st 34 51 67% 12% 106% 108% 108% 110% 1966 1st gtd 5s„ Paducah & III 1st 98 3-J *108% 4% -4. 22 107% 110 Oregon RR & Nav con gold 4s> Guaranteed .i,: 7 3%s debentures... 4s 36 12% '• :.__1946 Elec & 81 53% ...47% 12 107% 108 108% 108% §A2d ext gold 5s_— »1938 Pacific Tel & Tel 3V4s series B>_ 1966 I . M-N 1952 3%s 109% 109% 111% 102% 102 V2 J-J —»»»_»1972 Pennsylvania RR cons gold 4s... 3 y2s & Hud River 108 M-S 1967.. — — 36% . 4 52 —1997 Conv secured 3%,s N Y Cent 10 ... — • 83 48% 49 3-J 10-year 3%s sec s f>—„— Ref 109 % 109% *110% 107% > F-A 107 V2 . 72 , 12 ' •41.% 51% 49 51% ' ^^>1945' 4s,.. mtge 3%s> . 105% io.7ya 7 77 81 41 y8 .. — Y Central RR 4s- series A_—1998 5974 J-J -..>1965 83% •-75 3 Newport & Cincinnati Bridge Co^— General gtd-4.%s——_i.—>; mtge 4s §APac RR of Mo 1st ext gold 4s^_1938 ■ N 1st 82 74% 107% 80 75 Vb y 77% 107% 110%/ ■ 76 82' 72% 117% 120% 5 117% 117% *74 A-O — —. 59% 48 76 56% '■ *121% 125 F-A A-O 3-J J-3 A-O J-D 3-J — deposit- 69% 48 79 117% 119% — 67 V* B— of 57% 29 92% 90 93 *117% . 103% 99% 100 % 102% 104% 7 3-J J-J - ACertificates 282 45 V4 55% , Pacific Gas &. El 4s series G„_^„1964 100- 36 102% 103 103 >/4 105 y4 18 100 Va 100% 103 69% 62% 59; 105 y* 100% .. ; 4y2s ext—1944 Ontariu Transmission 68 ——1954 A-O ACertificates of deposit——— /Alst'5s series C>>>————>1956 F-A ACertificates of deposit——— Alst 4'As series ,D———,——1956 F-A ACertificates of deposit——i—• > Alst 5Vis series A—-— 1954< A-O Alst 54% 73% 55% *101% M-N 66 v- f§AN O Tex & Mex n-c inc 5s—1935 ACertificates of deposit—— 44% 47 66 65'/a M-S 39% 109 J-D M-N v 42% — 55 .. 3-J flAOg & L Cham 1st gtd gold 4s>1948 Connecting/ Ry 1st 4s. 1943 36 ■ New 38 - ■ 55 109% M-S Ohia Edison 38 M-N —1945 Consol gtd 4s—.—— A J ' * 55 F-A /-1967* ——1964 Ohio 35 J-D —1945 * RR gtd 5s 66 39 : 51 50 78 2 59 Co— 1st St ref mtge 3V2s 1st mtge 3y2s 43% - 39, M-S fANaugatuck RR 1st gold 4s—.—1954 5s—.——,1948 fANew England States Power (Minn) 65% 40 V4 27% 68 55 / 89 82 106 38% 35% A-O Newark Consol Gas cons 5s series C— .,-35y» *86% 38% F-A J-D M-S 3s——1965 , / 42% . 107% 112% 30 103% 104 debentures——1949 1st mtge 50% 3-J 71% 41% *39% / Q-A , 58 111% 109 4. ' Nat 71%. 42 27 Va — 74V4 54 - N Nat 73% /.. • : registered —————2047 Ref & impt 4%s series A— 2047 Ontario A—1978 Dairy Prod 3%s debs———1960 Distillers Prod 3 Vis.——1949 101 . ■ Q-F Ref 54% *>. O J-D M-N Nash Chatt & St L 4s series 114 99 1 ■ 119 112 1 98% 104 15 '// 109% 109% 3-J • 3-D ; M-N M-N, , 80% 5 /:./ 2 111% 111% A-O . 49 103 Va 103% A-O 3-D debentures———————---1965 Montana Power 1st & ref 3%s»—1966 Montreal Tramways 5s ext——J-1951 Morris Si Essex. 1st gtd 3%s——2000 Constr M 5s series A__. —1955 Constr M 4 Vis series B———-1955 Mountain States T & T 3 Vis -1968 Mutual Fuel Gas 1st gtd 5s1947 6s :kr 92% 119 ■ ' *99 74 Va Q-J Ref y ,__;// . Jan 2047 Ref & 1 ■ • Q-J 3s v /■ ... 1997 Gen lien ry & ld gold 3s>. . ,, /- deposit—— registered-—————1997 4s , of Pabific prior lien 4s__ Northern (Wise) MAMissouri Pacific Ry— ~ 3rd 7s^ extended at 4% —July 1938 100% 103% 119% 112% 112 »/4 A-O ] 36 y8 24Va , /*. ^ 36%;,:.' 36V4 36% 21%. 36% 209 , • w— 100% 104 102% 103 *115 A-O mtge gold 5s (stamped canof guarantee)--—L—1945 | ./?// 23%; * 506. 3%. 3674 • ■ ■ 124% 128% 103% 103% AA.'/ M-S' ' 11 125% 125% , M-S gen 71 % ' 103% F-A cellation 8 25 Va U. O-A . F-A ; ' A 1st 2iya ; . : ■ • ' V- : 9 :.: 306 36% 27'a 3% M-N —1981 ref 5s series & 36V» *" gold" 5Vis—1949 gold 5s series H—,—1980 of deposit——- ACertificates 3674 35 ■A" {Northern Ohio Ry— 36% 1% 101% 104 F-A & ref 5s——1974 Gen & ref 4%s series A 1974 23 % 25% • 2,109 679 1 A-O 3-J 1954 V; 21%. 36% 209 14 8 35 Va 35% Certificates Alst 36% 6'/a 7% 36 V4 •• M-N Alst & ref ; 36% 35 . '/. 35% yv-'- y deposit—:—; 1st & ref 5s series G 1978 A Certificates of deposit— AConv /■ M-S of A Certificates 35% 36 ■ A Certificates 8% 3% -1961 -.—1998. mtge 5s conv inc Debenture 3%s v AGeneral 7% 2014 4y2S, series A mtge Alst Missouri Pacific RR Co—; 7% 93% 110% 108 110 Vi North Central 35% 7% •110% 111 15% 108% 109 Vi .—1966 Norfolk & Western Ry 1st gold 4s_1996 North Amer Co deb 3 Vis— 1949 44% 21 33% 75'/4 . 110% A Gen 33% 22 1 18% ,9% 108% 1st 41 32% 109 A-O U a Norfolk Southern 20 20% 3-J 88 38 29 14% Norfolk Southern Ry Co— 24% 32% Vis series 12% 88 M-N 12% 107 103 236 Niagara Share 45 176 38 K 31% 21% 1978, ';//. J-3 D adjust 5s series A—Jan 1967 A Cum 37% J-3 1962 Prior lien 5s series A /f f. 1943 F-A 104 % 107 17% 11% F-A 109 y4 111% 9 37% *16% 1937 / 1940 35 y8 2% 48 % M-S . . 106% 108% 8V4 1% 39 T 107 107 35 Va 3-J 67 30% 107 3-J J-3 4% Niag Lack & Ont Pow 1st 5s A—1955 / 96% 100 1 41 <■: J-3 prior lien 6s stamp———1958" Telephone 3 7 M-N' Niagara Falls Power '3%s»— 6% 11 >1965 v B—1967 t§AN Y West &■ Bost 1st 4yas 1946 16% 15 98% J-3 J-D - 2% A-O gold- 4%s § AGeneral gold 5s„— A Terminal 1st gold 5s__ N Y 16 58 67 J-D §A2d 4Va; 2% 2 66% >>——1955 gtd 4S——1993 cons 1st 3%s 1963 JgAN Y Susq & W 1st ref 5s—1937 9% 6 ••/;/ 5% 3-J 1978 ref 5 Vis series B 16 M-S —1949 5Vis—— A25-ycar 15% f 3-J —1938 —1938 § A 1st stamped 5s gtd as to int—1938 4s stamped §Alsb consul Ss^ cons 1st N Y Steam Corp {Minn St Paul & Sault Ste Marie jAlst 7% NY Queens EI Lt & PoW 3%s. 68 39% Vi M-N M-S 4S„„—— N Y & Putnam ./ 60 40 1954 ' 1992 4s— 1st JAN Y Ont & West ref gold 4s 104% 107 is 61% 61% 70 93% 53 98 57% 58% 69 70 70 *95 % 88% 119 94% 122 100 % 105 107% 111% THE COMMERCIAL & FINANCIAL CHRONICLE 1132 Interest Last Period Exchange Stock Ended Week Sale Price 25 Sept. 3'As— Peoria 75 86'A 97% 42 J-J 96% 96% 97'A 37 A-O 90 Ry 5'As—.1974 General B—— series 5s series General gold 4'As General 4'As series C_ D 1st ref & deb 6s isConv Petrol 61% m-s 17 55% 64% 10-year 112 ■pfrXr 107% 110 '&>■ 24 31% 32% 10'A 10% 10% 428 1"% J-J 100 % 101'A 101'A - Devel & gen 6%s 33 1st j-d "111 1st series C 111 • 21 100 j-d "98'A" IT 96 55 59 A-O 88'/8 87% 88% 47 78% 88% A-O 92 90% 93 83 93 80 % 80% 15 78% 84% 88% 89% .'. 62 79% 89% 107 89 j-j j-d .—1968 106% ..1961 '. • ; 1961 V- '-V'" , .1951 & RR gen 5s 1st 119 v"-' J-J 106% 106% ~2 110% 110% 2 VVJ-jrvv 87% 105% .1966 j-j "108% 105% 105% 1943 107'A 108% .1951 j-j 90'A JAProvidence Securities 4s .1957 M-N 4s -.1956 El Potomac 3'As... M 1st Pwr : Car deb 5s_— Pressed Steel t A Providence Terminal Publ.c Service El & 7%. Gen 1 8'A 34 7'A 1st gold 5s J-J ref 5s & series . ; "100 JI __ il00% j-d 65 • A-O B ref 5s series C 1979 A-O 64% 64% ref 5s series D 1980 j-d ::vr; 64 Va A Adj 1960 Ry 1st ref 4s Ave ;,"A income •i7 Jan 1960 5s 1st 5s ext—— -1943 §AThird Ave RR v-v j-J j-j 8% 3 Tol St Louis & West .1950 1st 4s Toronto Ham & 105% 106 % Trenton Gas & 1st gold 5s._ .1949 143'A 144% Tri-Cont Corp 5s conv deb A 1953 Buff gold 4s_ .1946 1st ref 1st & ref & ref mtge '■! -y v' ' > 216 222 ~9 110% ; 110 140 58'A 70 Va 65% v,; 66 57'A 69 Va V 42 58'A 69 Elec r 2 60% 20% 700 "lOOVa 90 •105% 106 .90% 81% vtiVi!;"!4 !.; "''-VV' •Vv M-S 20% 80'A 35 . 61'A 12 98% 101'A 6 84% 89% 100% 101 j-j 47% v vXXz-zx — 84 90 j-d ?102% 104% : 94 19% '• 90 100 101% 105 106% -u- l-V-l;' rV.;Vy 221% 108% 110% 105 103 "104% 105'A j-j 1948 ' >' "219 a-o 1968 Purity Bakeries s f deb 5s— "145 j-d — Service of Nor 111 3'As _ j-j 5s_^2— 2037 8s_—_—2037 mtge 1st Public 10 105% 106 m-n mtge 3s—:—1972 99% 101% 65% . ' 1st & 105% 98 Va 102'A v;V' 3 59'A % ii A-O V 104 !VV:.-*-;!! 104»/2!104'Ai ;V 59 !Xj-i> i;v'vV' ref & impt 3%s. .I960 & Ohio Cent Tol 80 80 108% 110% 104'A 106 • • 20 A-O 92% 12 ii7. 65'A 64% Third 103 85 Vv:!- 102 64% & 110% 101 17 100% 100% & 95% 86% 'WftV; "109 j-j 87% 78% 82% M-S Gas 3'As_—;—1968 90'A :-;V : 105% 105% 105% 122 109 40 87% A-O VVV-V Gen 152 .-/L',- 106% 108 "A ;L W 103 85% m-n :• 2000 105% 107% to.. 103 •d-:; F-A Gen 87 120 120'A "119 .1959 ... Texas & Pacific 120 "106 1st 5s extended 101% 103% :•' .1905 3s deb Company Texas & N O com gold 5s "101 86% V r.-V" j-j .1953 4s debentures 3s j-d 87 ; 100% 103Va '■ V :?$FrAv! 1944 5s cons f gold s Tex Pac Mo Pac Ter 5'As Ai._„L. .1964.u VV M-S 1st 4'As Elec Gen Portland :! 107% 110 :• 4 i-Ci'-'V, ? v r'L.* u 1 R Union Electric Cq of Mo 3%s Gen 1 ref & A-O 1997 4'As series A • Gen & ref 4'As series B Grande West .I960 3'As A 1st & cons Roch Gas Gen coll 4s trust El 4'As series & Ark A.... .1949 a-o 100 : < 1934 r.' i t;.V ; 1941, V J',' :.V "109'/a "110 -m ' —J*.'. •>;. -J**- V.v 10'A 164 :! : ;3 ';v;: VVV; 2T;Vv: 8% u - 4'/8 5'A ..1967 land grant 4s. & Ref 1971 Jos 2d St Island Grand & Adir & gold Louis 1st 1st 1966 ..1996 1996 gold 5s 6s__. Mtn Iron U of 98% A-O *106 J-J • 31 98% -98% J-J "50 63 a-o *— 91% 106 55 17% 9% 10 V JASt L Peor & N W 1st gtd 5s L Pub Serv 1st mtge 5s ' 98% . (Del) 5s.......—.1953, M-S 97 V !_1944 Af-S •100 11942 M-N •99% M-N •99% M-N -, Nov -——NOV A "100 M-N 1 1946 M-N ..May 1 1947 M-N 100% 100 Va 1 1947 M-N 100 .May 11948 M-N Nov Nov ; 67% 77% 1 1948 M-N 69% 77% 2.05s — May 1 1949 Nov 33 : 46 r 2.10s 14 79 90% 2.15s "67% 71% 55 68% 5 1 1949 lien series 5s of ACertificates 4%s M ACons A 1st A 2d bond inc - ref & 25% 23% 22% 24% 21% 20% 23 21% 20 22% 10% 22% 314 11 21% ■V 2.35s 596 11% 25% V 2.40s 183 S A Union Ar & V 24% 2.45s .—May 1 1953 23 2.50s Nov 1 1953 M-N "101'A 22% 2.55s May 1 1954 M-N •101 Nov 1 1954 M-N "101% .. tSeaboard § A 1st N 1st A 1st 6s cons AAtl & Birm of 76 84% M-N "101% 1. 76% 68 54% 56% 211 31 56% United Stockyards 4'As w w_...... 1951 a-o 93 93 1990 J-J 35% 33 37 516 15% 37 Utah Lt 1944 a-o 96 'A 95% 96% 14 93 1944 F-a 97 90 Va 97 42 93% 101 Va 1955 F-A "108% 1957 M-N "108'/a ...1968 M-S "110% 111 V! 2.65s ; 76% fASeaboard All Fla A 6s Shell series Union B Co Skelly Oil 3s South & 103% 100 a3® '-r M-S 6% 112 13 237 1 100'A "C: -.w. 103% 104'A ——' 14 24% 21 22 24 Va 585 F-A 4'/a a-o 10% —1945 M-S 9'A ctfs 1935 4'/« 48 10% 492 9% 65 Vandalia ' .14 24% 10% '24% 1 4% 4 5 10% 9% 1133. 5% 13 530 5% 12% 29 30% 32 9% 115 A-O J-J J 963 A-O 15 97% 102 Cons Va Va s Iron Virginia Va RR cons g 4s f 4s Elec & Coal & Coke Pub Serv cons : 3%s series B & Southwest 1st series A series B__. Pwr 1st 1st 1st gtd 5s gold 5s__1949 mtge 3%s__1972 5s ....2003 M-S ; — , 90 J-J A-O 1966 M-S 71 108% 109% 111% 69 78 102% 102% F-A 1958 ; Virginian Ry 3%s series A__ "74 — 71- 90 90 18 71 72 32 108% 108% 18 76'/a 102% 103 90 94 65% 75 105% 109 30% 9% 9% 9'A 2 97% 41 95% 97% 99% 99% 5 97% 99% 29 29 Va 9 29 37 . - • . 101% 102 24 3% 4 9% 9% 100% 103 % 100% 100% F-A 1964 : . 97% F-A 1952 gtd 5s...; 1,211 12% 9% J-J 1950 3s debs.. 13 97% J-J 1941 91 99% 101 11% F-A 1961 1st 5s 6% 11% — F-A 1935 ref 5s__. & 13 12 M-S 1954 9% 7% 11% debs For footnotes "see page 3 9% 2'/« --I;! 22% 23%. .—.1933 1st Light 101% 104% 24% gtd 4s & 3 123% 125 A-O A & Trac Power V:- 101% 103% 17 "123% 124% : A-O debentures RR J-J M-N 5% 11% 103 % 103'A 1950 debentures 4s Nor Ala A-O ' 2%s sinking fund debentures JSASilesian-Am Corp coll tr 7s Simmons 12% ..1950 ..Oct 1949 6s A 2%s Socony-Vacuum Oil % F-A 1971 certificates.. Oil 6 J-J 1941 1952 May 1 1955' "77 J-D 1947 deposit 1st v; 100% 103% 84% 75 .—.—1959 deposit.! series 100% 101 % yis- -:. 83 unstamped.!. ACertificates j 100'A 101% 54% 1989 stamped..—. AAdjustment 5s of 103 100% 102 83% debl_. § A4s gold ACertificates w 76'A gtd 4s SARefunding 4s 100 .. !.'Lw'- • J-J Air Line Ry— gold 4s Vll ■' J-J gtd gold 4s____1943 1st E V Villi 102 M-N Depot 3%s B_„ Pass & "100% 101 M-N 11% 101 'A 101% 100 "'AViii-'.', v ioo; 100 v; • "100 11% 101., 100 % 101% "100% 101 12% 100% 100 1 .1 333 V:v!9T:0 i 100 ■! 1952 1989 1st cons gold 4S.1968 Schenley Distillers 4s s f Scioto ■ 101 "101 101'A 100% 101% 5 \ ..Nov 1989 ctfs. fAJSt Paul E Gr Trk 1st 4%s__ tSASt P & K C Sh L gtd 4%s_; Paul !'';!;!'; 101% 100% 101% .100 ioo'A "100 2,790 .0-' Utah St M-N "100, 9 ; • 100% 101 100% 102 ViV 3 , 101 ioo »A M-N 1 1952 ....—Nov 100% 101% IV ioo%!!; "A;.'.';'! 101 M-N .May 1 1952 ——: ... — V. 100'a 100% 3 ..5 V 100% 100% 2.60s gold 5s series A St Paul & Duluth 1 1951 . 100 % 101 •100'A 101 M-N Nov 100% 100% 1,100% 100% •' 100'A "ioo M-N Nov 2.30s ■ $ A 1st term & unifying 5s AGen 21% 22% M-S j_ 1978 A— certificates bond 4s 4s 19 23% J-J deposit stpd fSt Louis-Southwestern Ry~J\ 1,896 21 deposit.. of 22% M J-J 1950 B__._ series ACertificates 19% 20% 1950 fASt L-San Fr pr lien 4s A J. ACertificates of deposit 1 1950 .May 1 1951 — 100% "100% 101 100% M-N 2.25s lOOVa 100% ■■ V 100% 100% M-N ..May 11950 2.20s 100 •loo M-N -Nov 2.00s 39 100 100Va lOOVa X M-N 20 90% 105 r. 100% 100'A 1 1945 - 46 104 X'-v'/X - May 1 1945 111 J-J — ...May 1 1946 90 % 83% 97% 69 |v .. "99% 100% — 1.95s j 90% .> "lOOVa 100% 'i .Nov 'V 1.90s 103% 107 ■V v — M-N — 99 102'A 106. V. 81 134 Vv95%;;97,Vs./; ; 95%! 99 95% •99% 100% .1 M-N 77% , 83% ' ! ::<w. M-N 77% ! 45 - . 37 V'-VA 8 105'% 106 105% 106'A % 83 1 1944 '.i. 75% M-S Rocky Mt & P 5s stpd._—...1955 A Prior 1 1943 ....May 1 1944 —.Nov — 1.85s 108% 111 V 12 27 . 77% 45 J-J 1959 99'A • 1 .... 1.80s -v 96 ,,i "99% 100 Va Corp— 1.75s . > 35 V •VV; 98 .i—.1.^.May 11943 V .875s 107% 60 6 >,99% 102% 1.7 !V V!; : 98 97'A 83 1.125s V 1948 %:- 105 «/a 77% M-N 97 J05% debentures 'Vr!/1.00s 1 / , V!i;!'::'6 v VV ivV:'-. , 109% 97% A-O M-N 77% 1933 109 % a-o States7 Steel Serial 62 deposit..- St St L - 109 Va 99 j-d J RR & Canal gen 4s... N United Southern—- & ASRiv & G Div 1st gold 4s._ ACertificates - 1947 4s 99 a-o —1980 1.625s Lawr 99% J-J - 1955 United Drug Co 1.50s St 101% 102% Vi 111% '-11'A 108, - :h:W ii**-:..* "10 f-a '• 1 09'A i; •!•!■! V.*^!' 113% A-O 5s____1952 3'As debs 1.375s St —1970 .... 3'As deb mtge 3%s series a 1.25s Saguenay Pwr Ltd 1st M 4'As "111 M-N 1947 3%s deb. United Cigar-Whelan Stores 109'A 109% 17% '■ 8% ;.1959 ; Pacific RR— United Biscuit 106% 108'A V 8% v: 9'A J-J 109 x -j lii'A 16% 17%V J-J ' 1st V 29% • ■ 1971 5s._—1945 deb—. debentures. 3s 34-year 61 • iA; V 12 510 29% 129'A 39 (Chic) Ry of Calif 3s 35-year 100% V 53% 39 V 380 Gil Union 104% 106'A 98 Vv •j 100% 104% ■ "107% 108'A M-S V'A M-S -1949 t ARut-Canadian 4s stpd__— •V ■ L- Elec AUnion Union 100 % 104 '/8 t 18 61 27'A " : 97% 103% ;." 19 100 •" 58 Va 29 i'K M-S t§ARutland RR 4%s stamped. "55% • 60'/a ' •V> 2 101'A 102 M-S . vv V 106 fe v 78 48 103% 106 ■ M-S D_ 1st 4'As & Louis 82 76 '/a 75% 103 101% 101% J-J mtge 3%s series H t§AR I 73 76 103 101% M-N'-', 1967 Gen mtge 3'As series I Gen mtge 3'As series J_____^__ .1969 vi 82% J-D - gold 4s_ .1939> 1st 83% 73% M-N / ,, tSARio Grande June 1st gtd 5s__ .1939 jgARio 67% 129 M-N 1956 4%s series C Revere Copper & Brass 202 76% -V J-J 1st M conv 5 'As 1954 money Gen mtge 83% 75% F-A Republic Steel Corp 4'As series B_ .1961 Purchase 80 76 J-J 1956 deb 3'As Rand Remington 81% J-J .1951 Reading Co Jersey Cent coll 4s 1 105% 123 4 99% 103 105% 105% 26 104'A 106 123 123 - 2 123 123 W Wabash RR Co— 1st mtge 4s series A. AGen mtge 4s AGen ____1971 inc series A mtge inc 4'As ser B__ J-J 82% 81 82^ 193 H 105'A 103 V v '• 103% 103% 103% M-N ; 40% 103% 105% .. 8 : VVVV 4' ,"101% 102% M-N 104'A 107 Va 100 Va 102% . 52 108% 109 69 3 J'A 11 104% 105 93 'A ■ 109% 112% 22, . 104% 105'A 109 , 'V2!., V 71 % 88 5.-,. ! 38 104% j-j ! 37 102'A 102% ' 105'A r(i~ j-j u_1956 debs... —. j-d 1953 .1945 !' 106% 106'A 38 61% 202 112% 112% v j-j Ref & impt mtge 3%s series B. .1974 108 "118 : vv; 64% "107% f-a • j-j . Texarkana & Ft Smith 5'As A—— .1950 64% 55% 40 59'A "■ • refund Gen 64% 55% 59% "57'A 59 14 59% j-j series D——— 60% . Tenn Assn St L Texas SO j-d ':i. ■ Tenn Coal Iron M-N 1950 — 47 368 ■ :■ 99 M-S 4'As 1st C series 5s 71% 71 " 97% 100% 98% 1960 5s series B—... 718 !| :. 67% debs—.1966 deb 3s__ Oil N j ■ - 95% 104'A j-d gen 58 111 t § 103 99 98 100'A j-d t'"' ■ 104% 108% 3 99% 99'A "95% 1962 1974 1977 gen 86% 93% 121% j-d 1st 85% J 104% 109 105% 105% 99'A 112% 1st 4s ser A—1948 1st 85% 80% 9382 V;i 86% 92% 121 118 "105'A 106 a-o 418 66 112% 118 "120 a-o 93 112 111 "120 M-N -.1959 1960 mtge 4'As series B Young & Ash 91% VV 108 110 "112 j-d 1958 56 'A 92% F-A 1 Swift & Co 2%s ... f-a M-S 56% 46'A Apr 108 f-a j-j .46% 456 j-j 1996 1951 C. 105% 106'A ~ M-N a-o 455 53% 53% 69% Superior Oil 3%s debs ~ cons 221 54 % ASpokane Internat 1st gold 4%s„.2013 debenture 57 54'/a 52% 52 Stand Oil Standard 46% 53'A A-O 3%s B_—1964 102% 102 § J "105% 1st mtge 4'As series 3s 68 58 67% gold 4s of Calif 2%s 72% 60 49% 53% 1% 97% 102% "108 — Pitts ref & 50% , vv: is 53% 3 2% 1963 ii 344 .—.1956 — Bell Tel Southwestern 647 56% 93 gold 5s 1st ' 68 55% ft A-O- Studebaker Corp conv deb 6s F-a 1st 4'As series A 1st 105% j-j 6s„_— Div 102 —1994 4s series A Louis Div 103% 106% I 72 Ye 68 69% 56 1% 3 1 % M-N Va 106% 108% 103% : .....1956 gen St ."103 —1956 & Mem i' M-S M-ST 1% 3 "2% J-J Gen Pitts & W 1 High j-j gtd 4s——1955 Devel 102% 104'A "104% 105 M-N ref 1st Ry 1st cons gold 5s V 10% 32'A M-S guaranteed 4'As—1964 mtge 5s series A——„—.1970 x Gen mtge 5s series B__„ 1975 Gen 4'As series C 1977 VPitts Coke & Iron conv 4'As A 1952 Pitts Steel 1st mtge 4'As 1950 1st mtge 4'As series B 1950 Pitts Va & Char 1st 4s gtd 1943 J Series 1 107% 107% "105% 106% ■ 32% 5 4s gen 99 % 102% 20 226 1% 4'As— Low M-N ,. —1950 1st & 109% 112 8 >102'A 102% 4s cons January No. High M-N- 1969 3%s.._—..1946 Devel 90% 105% 46 97 j-J 3'As gtd I Range Since Sold 64% 1981 secured Southern 120 108 „ j-d . ..11968 ,-U' —„ ......... South Pac RR 102% 105% 2 — - .1949 Fran Term San 104% 108 115 111% 111% 111% J-D guaranteed.—__—1942 guaranteed—. 1945 gold.. .1949 Seri is F 4s guaranteed gold 1953 v,Series G 4s guaranteed.._,_.i._:.1957 Series H cons guaranteed 4s 1960 Series Bonds Friday's Vftvvft; Aug 1949 , Gold 4%s__..,. - .'103 V.', 110 coll) Pac Gold 4%s M-N D Series E or Bid & Asked .. j-j VV, Gold 4'As ftftiis.. 110% 110% 4'As C Series A-O j-j 1947 (Oregon Lines) A...—..1977 64% Pittsburgh Cine Chi & St Louis— Series 1962 6s A registered 74 117 117 6'A (Cent 4s - 1st 4%s 55% ,, . 102% 102% 9 V .7% 3% 16 110% 110 4s 47 37 63% 106 117 •J-J —1951 debs— l3As Sale Price -.1979 Pacific Co— 110% 113% 29 63'A 60 ft 106 deposit— of ACertificates Phillips 60 j-d „__1962 1937 Philip Morris Ltd deb 3s— APhilippine Ry 1st s f 4s 3%S._ Colo Power Southern 91 106% 107% J-J 1949 — & Tel Bell Tel Southern 39 F-A 1st - 72 62'A 63'A M-N mtge 7 3 6% 71% J-D coll tr 4'As 1961 & ref 3%s~ 1967 2%s____— 1971 J A Phila & Read C & I ref 5s—-1973 Electric Phila Week's Range Last Period 25 debentures 3s 93% 81% '"106% 71% M-S Philadelphia Co :W 43'A 6 J-J 1943 1974 1977 1981 428 43 6% J-J 1980 _1952 1st gold 4s 91 , - 1956 — • 111% 111% F-A & Wash Bait 89 ./• 43 Apr 5s_.—1956 4'As series C__ Phelps Dodge conv 3'As deb Sept. 95% 100% : A-O series B— Friday Interest Exchange Low 95% 100% M-S gold Phila 90'A 96% 1947 Pekin Union & 4s 1st 89'A 97 4s ext— 1960 4s——__—-—__Apr 1990 Marquette 1st series A 1st 90'/8 Eastern & AIncome Pere A- O A-O —1984 —1952 4'As series E_. Stock Ended Week High 1910 Peoples Gas L & C ref 5s—; Peoria Low —1981 General 4'As series D—_l deb No. High York New Range Since January 1 Sold South Pennsylvania RR (Continued)— Debenture gold 4lAs_.__ Conv Bonds Friday's or Bid & Asked Low Gen mtge bonds Week's Range Friday BONDS York New Monday, September 28, 1942 75 82% ..1981 Apr 40 % 40'/« 41 147 33% 50 ..1991 Apr 32% 31% 33 478 28% 39%. Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4111 156 NEW YORK Interest Exchange Stock Ended Week Sept. Last - Low tAWabash Ry ref & gen 5%s A.—1975' ARef gen A Ref & gen A M-S • 27% YY'TT"' *■ Friday *26% Sale Price 28 2361 27% 26% 27% 88% Wilson J-J —2361 1954 —1955 86% A-O A-O debentures 6s Warner Bros Pict debs—— 6s deb Co Bros A Warren A ——. — — 86% *99 - 101 15 deb Conv — 3% 101 102% WinstQn-Salem S B 1st 4s_—. : 1960 106 tAWisconsin 1949 J-J Central 1st 4s ' Warren RR 1st ref gtd gold 3%s„2000 1st 40-year Gen West stpd gtd 5s 86 *104 119 /. 1st Maryland 19 107% 107% 10 107% 110 111% 111% 111% 76 110 111% 84 91% 109% 110 84% 93 86 37 93 86 A-O M-S 1st 5s ser A—1946 ——1946 Pacific JAWestern A5s assented gold 25-year 5s—_; — 102 93 93% 16 101/* 101% 8 36% V. 37% M-S 38% 246 20% Westinghouse El & Mfg 2%s__ 115 A-O Yv .—1943 1st 4%s J-J 36 38% 283 20% 38% 107 79 84% 88 81 88 77% 85% ' 84% 84% r .83% Af-S M-N 84% 85% 86% 83 85% J-D 84 Deferred a 101/« 104% 122 in ' . 17% ■" 16 • • YY *12 — 115 ' 37 51% 37% — 49 Y: 9 -178 hov'b 110% 95 114 272 50 16% 16 / 90% 4 51% 35 9 1" -i 106% 106% the in M-S • 1960 Y sale delivery the year's included not 34 108% 110% 5 20 ' ■ 105 108% — 12 12% not range, n 101% M-N 101% 101% 99% 99% 101 162% 23 99% 98% 100% 18 included in the year's range, d Ex-interest, e Odd-lot sale not Under-the-rule sale not included in the year's range, r Cash sale year's range. ^Negotiability impaired by maturity. tThe price represented is the dollar quotation pound unit of bonds. Accrued interest payable at the exchange rate of $4.8484. securities assumed by such companies. or ♦Friday's bid and asked price. A Bonds 200- per in bankruptcy, receivership, or reorganized under Section 77 of tCompanies reported as being the Bankiuptcy Act, 100% 101% 16 101% 101% 101% 1948 mtge s f 3%s series D_ 38% " 37% M-N • —1951 1960 1951 —. 30-year 5s__—— -.115 - V-V 50% '-.;Y*-_, ' — J-J deb 4s Conv 1 Western Union Teleg gold 4%s_—1950 100% 103% Youngstown Sheet & Tube— Included 1943 104% 106% 15 103 110% 114 107% 110 107% J-J ——1977 5%s series A ref & West N Y & Pa gen gold 4s_. 14 ' A-0 1952 1st 4s— 39 118% 121% 6 1st Western _ 92 . ; 50 — 17% 7Y-.. ■ 1971 37% 37% 47% 102% 105 91% M-N deposit $AWor & Conn East 106 119 119 J-J 11L1967 1st 5s E——1963 mtge 3%s series I—--——1966 of '1—1968 3-D 3-D • A Certificates 40 86 103% 105% M-S —1950 mtge 3%s Penn Power 1st 31 69% 34% 86 Q-M F-A F-A _1945 guaranteed 4s- Westchester Ltg *33 F-A > Washington Central Ry 1st 4s„—1948 Washington Term 1st gtd 3%s——1945 7 2 103 51 v 1936 56 105% 106 — , 95% 106% ) 135 1 High *110% * 10 102 99% 101% Low 45% — A-O January No. 48% — . Range Slu^e Sold 44% 91% / J-J 81 ,—1947 Bonds High 46 ■ — M-S J-J 1955 95 12 100% 101 "•101% Friday's 103% 103% M-S 1st M 4s Al Co & 45% J-D 99 ,v 101% 101% 101% Y 101 M-S receipts— Deposit ■. . M-S wv ■' 1948 .—1941 6s__ • 86 48 J-J Wheeling & Lake Erie RR 4s. 83 Registered 1—1966 Walworth Co 1st mtge 4s——.—1955 or Bid &, Asked Low 22% 77 — Last Period 25 22% 26% Week's Range Interest Exchange Sept. High 24 10 Stock Ended 24 *25% A-O Ref & gen 5s series D 27% *26% A-O 4%s series C Low York Week January 1 No. ■ New Range Since Sold High F-A —1976 5s series B— BONDS Bonds Friday's or Bid & Asked Sale Price Period 25 BOND RECORD Week's Range Friday BONDS New York 1133 No sales transacted during current week. selling flat. NEW YORK CURB EXCHANGE WEEKLY NOTICE—Cash in the In the week in footnote a in following delivery which York Week Curb Ended Last Wire Co 25 Aero Low Inc Associates Aircraft Air Access Investors Low 30 19 ~4% *4% 4% 5% ••-••v. preferred 500 Air-Way Alabama Great Alabama Power Coast Atlantic Coast Line 1% July Atlantic Rayon 75 20 % Apr Atlas corp i'o Jan Atlas Drop % May 1% Aug Atlas 50"' 95 - 73 Jun YY 89 Sep ; Y- Y , .* Investment 79 / 97 Products Class A conv 6% 94 93% 105% Goods Aluminum Industries common-——-.—• Mfg — 94 '7 Jan Jan •>7.,; 1% 20 May Apr 500 99% May 100 12% Y Y. Y 7 ——-<—1• common preferred 6%' 68 68 12 11 7-7 722% '105 ' 103 103 103 Apr Book American Box Sep 90% Jan 77'" class Common 10c r<r * * 1 B preferred prior preferred Central Mfg $3 5% : $5.50 American Cities American 6% (B Fl Ayrshire Class 12% Jan Baldwin Locomotive—Purchase 7 Sep 778% Apr Baldwin Sep Barium 7.: 8 ,{.7103 Apr 24% May 4% Barlow Apr & $1.20 Fork Gas 7% Jan 65% Jan 4% Jan 4% l/o & 9% 74 Seelig Corp convertible preferred— $2.50 — Mills Inc Bell Sep Benson July 36 July 28% May 41% American Laundry Light Mach Y 200 J an % 12% 500 10% Apr American 13% Apr 20% Jan Mfg Co 94% 225 82% Mar 104 $2.50 Jan 500 1% May 2% Sep Bliss 125 24 % May 28% Feb Blue 30% 50 27 V* May 32 Feb $3 18 Apr American Meter Co.. Potash American American 1st / $6 • . i . ' Y . " * , Thread American Writing Post preferred—. Paper common Fence.: * 1 —; Apex-Ilec Mfg Co common Appalachian Elec Pwr 4%% 500 Borne Bourjois 24 Jan 85 Jun % Jan xl8 Aug 27% Feb May 7% July 4% Apr 6% • A 2% $5 Jan 2,000 200 33% Apr 2 V* 200 1% Apr 200 ' 3 Common 6% class A common non-voting 2% 2 2 2 1% 1 & Aro Corp Equipment Y Jan 3% Jun 2% 2 Feb 2% % 200 J an 7% July 98% 120 91% Apr • 1% % 1 Va 1,000 lb Sep • 1% % 1% 12,000 8% 8% 8% 1,700 "5% 4% Associated American Refining Electric aep of Co_ Canada 1 Apr % Mar 9 rects footnotes see page 1138. * 200 4% Sep 7% 200 3% Jan 4%: Feb 7 Aug 8% Feb ,.21 Apr 22% Sep 6% May 9% Sep 4 9% 13,500 2% 900 104 1% 20 Jan 3% Aug 1 Jan 8% July Jan Jun • i 3 V* Feb 101 36 36 10 (. Aug 117 Mar 30 Y7: 9 * % % Mar 34 Jun 34 Jun 36 Sep 500 Jun 8% Aug 25 38% Jan 38% 6% A 100 91/4 —* 6 200 ; Jun :Y- % Jan 10 Jan 38% Jun Jan .7 8 5 2% % Apr ~5% ~5% 4 % -- 4% — 300 1,300 12% common 12% Apr 10% Apr 16% Jan A Feb 1,200 3/„ % */2 Feb 200 1 (S) & Co 34 Co common 350 5 * Jan 27 Mar 35 Feb 4 Sep 5 Jan 200 ■t 1% Mar • —100 — .. 90 J.v., 3 Jun 33 May 42 Mar 30% 41v 41 25 34 Mar Jan 5% May 7% • /« May 1*0 100 1 Va May 2% July Jun Jan * common 1st preferred preferred 7-.Y * Traction Corp Lgt & Pwr_: —* A 9 8% "9 :Y':: Sep 8% 8% 4% 7 200 4% 3,200 Sep Jan 9% Aug May 4% 2,900 1 1 common Aeronautical Machine Preferred Brill Corp i ;; 10% Ma* 8% Jan May 20% Jan Jan 2V4 3% July 19 1% 1% 100 ~2% ; 500 ♦ A 46 200 , 1% Jan 52 100 class Class B 77c preferred Brillo Mfg 1% 1% Sep '2% 1% Jun 60 Feb Apr 3% ;% July Sep British 6% Apr 8% Sep Am Aug 87% Jan Am Jan Feb * 100 46 : Jan A May Jun 40 55% Feb Aug 14% Jan • American Oil American Tobacco— Co 30% Jun * common 11% • Co A British 10 31% Jan Mar 13 Va Jan 8% Jun 9"% Jun 6% Jun 8 Jan Y Hi 4% Jun 3% .Ton 11% July 8 5% Jan 4% Sep 13 Jan aep dep Amer Brown 2% Mar % Feb 3% Aug % Feb Brown $6 rects ord bearer £1 ord £1 rets Celanese British Class —£1 reg 33% Feb % Aug Jan 103% Jan Industries— Associated Laundries of America For • Aug 3% 1 • 6% l 1 & 27% 700 * 75% Light $7 preferred-* Breweries 300 6% May 2% Bridgeport Jan 97% 5 Oil Associated Jan 1% 2% Bridgeport Gas Light Co_ Jun 2 97% Ashland *•4% Co com„* Inc.— 2d Breeze 2% Jan 2% 100 Art Metal Works common—. Jan 3,500 Jun Jan 200 ■ 10. preferred Arkansas Power 28 % 2% 18Y Jun 3 • common (H C) Class Arkansas Natural Gas Sep •v % 8% — Scrymser Co Brazilian Jan 2,000 3 2% 'a 48% A Jan ax 47% • 2% — ' 5% * 1st preferred 7% Jan 1% Mar 2% —— Apr Sep 28% 28% 9% preferred—: Bowman-Biltmore 61% Mar 200 451/4 — 77' 4 1 Jan GOO 2% • pfd Bohack Brewster 5 2 Angostura-Wupperman 20 2% A . ♦ 5% Apr 11% Aug 26% July \ Superpower Corp common—* preferred American 19 — 100 1,200 2%'? optional convertible preferred-—*; 22 3S2 1,500 \va "51/4 2 common , Feb common (E W) Apr 7% ,39 A A .■■ija 20 20% 2% 100 Ridge Corp common Apr 18% Mar 18% Mar • $6 series preferred-: Anchor 450 2,100 79% 10 Seal-Kap ■ American 11 1 * Chemical & Republics American 20% 21 1 35 Jan 100 Co Y 5% 19> —1 preferred Blauner's 2% 27% —100 common Maracaibo 20% ~20 1 Hedges common--. Birdsboro Steel Fdy & Mach 27 25 Preferred American .16 10 Berkey & Gay Furniture 12% Aug 10,200 10% 11 '"*5 % 1 Canada of & Convertible Sep 16% 20 20 Trac common—25 & preferred 6% Sep Jan May Jan 32 Tel Blumenthal American 3% j 13 5 common Jan Rubber Co——25 American Hard Feb 19 1 Jan % 11 1 25 1.6 1 — $1.50 convertible preferred—^ 30% 27% 1 3% ' common 13 A Sep 14% .2% common:.. 10c preferred Feb 2% May 2% Ma r • Brummell Ties Inc Beaunit Feb 93% 16% 10 100 General convertible A 14% 6,100 > Inc Apr XL 2% "Ludwig" Apr 35 % Jan Aug Jan Mfg— 4% 33% Jan 17% Jun Aug 6% 12% • common Electric— preferred American $2 Hoe common 4 35 35% 16 2% Aircraft Corp Bellanca Aircraft common 10 r—10 /« 7 12% May 700 3% Steel—_1 convertible Beau 2,600 Power warrants & Co Refractories Feb XL 3% Mar % May Sep Jan YY: —d— 30 Rubber Stainless Bickfords Inc American Y common preferred % Va Cyanamid class A— American ■ for 275 7% 500 1% —1 ••; 300 7% 8 17 16 com—10 A Co4 warants A July Y Jan Aug B Babcock & Wilcox Baumann—See 7,200 17 4% July .32% Aug ,. Va Mar 5 Feb Feb ■yYy.L-V. 1 B non-voting class Collieries Jan % 300 5% 25 — American Foreign Patoka % Feb 8% 5% Jan 3 —25 Tobacco Beech — — American 8% Jan 22 1,000 • —_°.5 & Sons common 900 T»r —__25 A A Machine preferred- 300 . May Jan & Light— Power class Convertible Class Class B % class A common—10c 3 425 5 Voting Basic American Capital 400 1 Avery Feb A 19 ~~v> ' 32 1 -7 — common Products Axton-Fisher Jan 3% ■ 120 ... common——1 Co 68 100 . 21 % 20 —100 Co Board 300; ., -1 American Beverage common American Forge 114% May 4% 300 -.; 68 100 1— warrants 3% 32% 3% 32% * 7% Ltd Aluminium 1 —50 - Co ' 6 Sep G4 109%. Feb 19% Mar Sep 78% 1,200 , Y 105% 106 12% * Aluminum % 17 — -100 preferred 100 17% \v;\. * Aluminum Co common— Mar Corp 3% May Jan % May ' 17% $3 conv pfd— (Mich)—1 —10 common—— 25 Allied Intl Investing Allied % Jun 106 Automatic Feb Sep 2% \y High 83 7" Mar 107 s' 'V' * *• j~—— 62 100 preferred Corp Plywood 10 »' 75 95 Low % Mar 100 pfd Fisheries— Sep Range Since January 1 High Feb 2% U May 700 i% • $7 preferred— preferred i% 50 Southern-— Co Alles & Fisher Inc common Alliance Atlantic 8% './••• I $6 5% Mar Jun 6% Automatic 1% 3 Appliance Electric on Sales Shares • Co RR Jan 19% July 10 Warrants Coast & A Jan 4% 1% 2 Birm class Atlanta Gas Light :■/A Mar Convertible shown for Week of Prices Low Par ■ 5% Mar 4 V- Atlanta Last Sale Price 25 Week's Range Friday Exchange Sept. Associated Tel & Tel Feb Mar 20 Jun 100 4% i Mar 4% 200 5% 4% 20 •. 22% Ended ■"'-•YY- High Sep 100 50c common 16 Va Curb York Week Range Since January 1 •• 5 1 (N J) Corp are the New York Curb Exchange for the week beginning on STOCKS High 19 1 B Alnsworth Mfg common Air the transactions range It is compiled entirely from the daily reports of the Curb Exchange itself, and is in¬ 1942). New Shares 1 Supply Mfg class A— Class RECORD Sales of Prices 10 common (Sept. 25, of record complete a for Week Range v Sale Price Par Acme furnish we Week's Friday Exchange Sept. YEARLY they are the only transactions of the week, and when selling outside the regular weekly No account is taken of such sales in computing the range for the year. security, whether stock or bond, in which any dealings have occurred during the current year. STOCKS : New list AND the week's range unless disregarded In are they occur. extensive include every to sales 19' and ending the present Friday Saturday Sept. tended deferred and reg— dep rets ord reg preferred 1 Va Feb L 11% 100 7% Jan 2% 200 1% Jun 50 Distillers : _* 1 • % Mar 200 1 10s 1—1 common preferred Forman ~7% Ltd— Fence & Wire A : ' ' ' — 46 May 1% Aug 2 Jan 12% Aug 2% 60 Jan July Monday, September 28, 1942 CHRONICLE THE COMMERCIAL & FINANCIAL ' im NEW YORK CURB EXCHANGE Curb Ended Week Exchange Sept. 25 ■' . Brown (EL) Co common Bruck Silk Mills Ltd A $5 Low % Jan % Jan Apr . % Week 2,200 — Curb Ended Crystal Oil Refining $6 preferred 12% Mar 1 ;; 7% 6% 7/a 69 i. 9% 61% 2,150 15% 1,300 Mfg Co Jan Feb Inc (Mo) 5 .... 10% 200 IVb Jun 1 % May 6% v - 3,300 1% 1% ■ 2.50 Feb _L — ; , Va Apr 9 Aug 13% 12 * __ common. 4 — 12 High % Mar , Aug 15% Jan v 1% v 1 % Sep May Jun 6%. Feb Jan 13 common Lighting ' Low — ■ 5 _ v— __ Range Since January 1 High Jan 12% Sep Tobacco Curtis Sep 91% 5% Aug 7,300 ; 70 64% 41 35% Jan 50 Sugar Curtis 41 50- v;v. Atlantic Cuban Apr Sales for Week Shares Low • 10 common Cuban 41 41 25 Par Sep 4% Week's Range of Prices Last Sale Price Exchange Sept. High 4% High York New Range Since January 1 11% .25 preferred 1st preferred— $1.60 Shares % Power— Niagara & East Buffalo 1 Line Pipe Buckeye for Week Low 1 5 * Rubber Co common Bruce Range Par Friday STOCKS Sales of Prices Friday Last Sale Price STOCKS York New Week's ' Hill Bunker preferred Burma Corp Am dep rcts^ Burry Biscuit Corp— .. h 9 9% 2.50 L Sullivan & $3 Inc Burco 25 13 13 13 8% Mar 11% Aug :. "ft , 12>&q ,. i7o — v % Aug 200 % Va Petroleum Darby Jan convertible..:. Class A 'k Dejay 35 : Dennison Mfg class A common.; prior preferred $6 • 200 • 14 Jan 10% Sep Jan 25 Aug 18% v 1% ■ 1 100 , Jan 2 % Mar Jan 37 51 % May Jan 105 Mar •< — Feb 3% 2%. Jan .X ' J' 1% 50 ; 23% 7 Feb 6% 23Vz , Jan May 100 14 1 5 Stores.. 5 100 '-p 1 _ 7 >; 7 ;;v • Hosiery Mills Rubber Mfg Dayton 10% .10% 5 common .' Davenport Feb % Jan ~ ' 8% debenture..... 100 Derby Oil & Refining Corp convertible A ' trust .'certificates Voting Sugar Estate % Aug ft Jan ft July 2V8 50c 50c 20 10 Cable Electric Products common Calamba % Aug Apr 3%. Feb Detroit Gasket Mfg_-____..__.._._1, ' & preferred Canadian Car & Foundry Ltd—_;•//. 6% % 1% 600 1% 1% 1 * 100 Corp. Canada Cement Co Ltd Tungsten Callite 2 Jan Detroit Mich Stove Steel Products. De 77% Jun 77% 15% Jan — 21 Jun Vilbiss Co Divco-Twin -• Truck Dobeckmun July Co Class B voting non 2% * * voting... A Class Alcohol— Industrial Canadian 2% Jan 2% Aug 2 % Mar Ltd— Canadian Industries preferred 7% * Carnation Co common * Carolina Power & Light $7 preferred..* 37% Jan 12 20 42 99 100% 101 Apr 111% Apr 103% Corp common 6 1 Carter (JW) Co common Casco Products^.—--—.4.— Hudson 2% 2% May 3% 7% Corp common. 59% preferred Jun % 83 62 6 6% 8% 1,700 10 2% 3 5,100 • _* * 43% 50% 1,550 3% 3% 200 .■ft "v/. Sep 27 Feb 55 4% 2% Apr Jan 52, Jan 28% $7 Sep 40 preferred.. ; 4% Stamping.. & Suburban Homes Auto City Apr 82% Jan Apr 82% Jan City Controller Clark Claude Cleveland Mfg— Electee Coal Utensil Aluminum Club Cockshutt Cohn Plow Colon Co % Patent Columbia 1 18 Commonwealth & Southern V\: 1 Distribution warrants 1 Jun 72 % Fire 1/64 34 % Apr 1/64- 1% Mar 13 Jan > :v % 18 t Conn Gas & Consolidated Biscuit Jan 1% Jan 52% 1,500 Jan 33 Jan 19 Va '"V- % Jan Jan 17 200 37% 2% 400 34 Sep 1,600 2 Jan Jan 17 Sep 9Va Sep 9% 35% 2% Jan 38% July 2%. July 11 10% May % 1% 33,200 44% 1,700 _i—*" * '47% 43% 5Vb % 47% 1,900 5% 250 100 5/64 Apr . _. Va — — .. 60% Jan 36% Aug 63% Jan 2% Mar 6% Jan ft Jan ■■_';/ Apr 9 Feb 28 Jan 4% 20 .. .. . 34% Aug i; Aug 4% May — — , -- 5% Jan Jan 8i 57 May 81 May 150% Sep 155 Sep -~ .. . 150% 230 153% 155 157Vz 159% 90 85 Mar 730 82 Apr 159% 166% 168% 150% 154% 159% 168% 240 89 Apr 168% 148 —5 10c ft 16 23 — a* 300 aa : 2% 50 23 2 May SSISii — >1% 6% 6% .3% 5 i.10. vl% 6% ?3% 6V4 — . 1% 6% 6%. 3% 1,700; . 1 ;■ :• . , Sep 3% July '•yM'" vVi-V''1' ;; 7% Jun 1% Jun Sep Apr 23 2%. Apr — — - ft Jan 2% Jan , . 5% Jan 16% Jun 19 800: ;; Jan 9% 2% Jan Jan J.an 300 6% Mar 7% 600.. . Sep July Apr 13% 200 16 x2% V. X2% Jan 5 —'v — 16 Sep 23 18% Apr : —1 —— May '1% Sep Apr 1% 5 % Mar 7% 3% 300 44 % — 79% 79 % 80% -2% 2% 68 650 .2% $7 preferred..* & Light Power 22% Mar 16% Jan .'/■'■ -4t-.4TMj reg—dEl rets ord* , . 1,300 —? 5 Sep . 64% May Sep. Jan Jan Jan 103 Co 15%^ 10 125 . Jan %," 15 Jan 11 300 : Jun 15%. Sep 10% Feb 18 5 Distilling——1 Brewing Co , July . 2% 2% 10 2% .. .. — — — — 10%. Jan 20% — —.....—1 2% Sep 400. 100 10 participating preferredhSi^lS Conv $3 15 15% 15 15 >-■ ; . 2% Sep Feb —* Worth Stock Yards Franklin 1% •/ . ... B ;voting..—? Froedtert Grains & Malt common—. & Electric 8% Apr May 41 1% — (Peter) Coke Secur common., Telephone 44% 21% 400 44% Metallurgical.. Class (Geo A) Co.— StOCfc— .j."r' -1 n^'' l'i.j COtl V 48%, 31% Aug '■***•£ ■' 49 Jan 10% Aug : r-— ..100 convertible preferred 4% Conn 200 5 1 Brewing—1 dep 1946__ to July % May 2,200 IS .. Airplane. Fox Service Water extended c 37% 2% * , & Equipment Fort Feb Jan Compo Shoe Machinery— V 8 * Ford Motor of: Canada— Class A non-voting Jan 3/128 Mar '%• Sep 100 550 % 2% May 1/256 Mar 1,500 .%• 13% :14% Feb 9% % Association. (Phila) Am Jan 1,400 1/64 25 Mar Ford Motor Co Ltd— : Jan Sep itf I Community Public Service 3% May Mar 15% 16 1 6% Aug 7% ! 1 * +, Fedders- Mfg Col 7% Apr 1 Aug 2 240 • Sep . ' Light 2d pfd A Engine & Fansteel 4% Aug 54 17% Feb 3 6% " % 9% Inc..—___1 Fairchild Jan Jan 50 64 16% 17% Sep .70 '. Sep .500 1% 64 V— preferred.100 Commonwealth 7 Va Mar 2,100 ?' — 43 19% Fairchild Aviation..—.1——.—It Apr Jan % Mar 500 3%. 1% 1% 25 Arms Oil & Gas^. Community -2% • warrants Iron Fire 12 2% . ft.: Jan - * Pipe Line common —50 Eversharp Inc common....—.—.—1 Florida 1 Columbia Gas & Elec 5% Sep 6% 6% May 3% — ';'L-J'"-'.' % Jan .. * * : Jan Va ".v:y- Eureka Falstaff • : Feb .62% AUg .v Mar 35 3% Airlines Colorado Fuel & Colt's 5 Sep 100 Development ordinary Colonial Mar • Inc 44% 21% warrants Derrick Esquire Mar 5 4% common.! Co & Rosenberger 25 f •; % Feb Apr 21 100 600 100 Corp...; 15 Aug % 100 * Illuminating Cleveland Tractor common Clinchfield 6% Mar 13 Co. & Lambert Clayton 4% Jan July 6 —I ..4 1% 6% . • Equity Corp common ... $3 convertible preferred ' : Lights Inc Neon Jun 3% 4% .V 7 . Feb 40 & L P preferred $6 65 __ Electrographic Corp......— 1 Elgin National Watch Co.;—. ---15 Emerson Electric Mfg--,——~—......4. Empire District Electric 6% pfd 100 Empire Gas & Fuel Co 6% pfd—...100 0 6%% preferred 100 ? Tl'v preferred 100 8% preferred .....— 100 Empire Power participating stock..—* Emsco Service Cities 2 500 V 3% Feb Apr & Power Option Jan 14 2V8 May 40 $6 Jan ft Mar ■ common..: .... Electric July Feb Share & preferred preferred.... $5 Jan Apr Bond Electric 10%. Jan Apr Associates— Sugar Economy Grocery Stores.... Jan x4% 40 Mar • * * preferred v t c Washing Machine B_——_ $5 Sep 4% 47 5% 38 Jan 25 * ...... preferred series A...: series B.__„__ Easy Apr 3% Jan 100 B._. States Corp.! $7 Eastern Jan 13 / 6% preferred BB___ $6 Jan 1 preferred—...— 67 25 —. $6 preferred Jan 2% Mar 500 60% 5% Service common 60c 8 107 6% May preferred $6 Jan 3% Shaft Co. July 20% Mar n 100 100 Eastern ?: Jan 70 % Consolidated Mining Cities 85 8 1,200. 3% 3% Jun 52 * prior preferred. preferred.— Malleable Iron... Aug %■ ft Feb Chicago Rivet & Mach Childs Co 101 85% May Chesebrough Mfg. Chief Apr 7 Cherry-Burrell common— Chicago Flexible Jun 72% May 10 — &. 2 _-__.-10 Lead.^ Eastern Jan **9% Apr 7% Jan 50 ' Gas & Fuel Assoc common 6% Jan 5% /8% Aug 65 , 1 common 4%% Sep 6% 90 Light 7% pfd.—100 Central & South West Utilities 50c Cessna A'rcraft Co 1 Chamberlin Metal Weather Strip Co__5 Charis 6% 2% Gas & Power & Central Jan 6% America 1 Elec com..—.* Central Maine Power 7% preferred.100 Central New York Power 5% pfd__100 Central Ohio Steel Products 1 Corp Central Mar Picher Eagle 6% July 6% Jan Feb 4% of Catalin x6 1^ : 20 • * common Feb 4% 58% 24 ■Duval Texas Sulphur Jan 4% 6% 5% —1 class B Jun 3% 24 '58% ■ .. 100 Hosiery 5y« Jan 3% ... __ ...1 Jan 29% July IOV4 Mar Aug 17% Aug 400 ' ' .. 10 , 7% — 3% S#' 3% .. 13% 29% July — Jan 11 2%- Sep Jun - * .... Co Duro Test Corp East Carrier 10% Jan 90 100% P 25 B Corp.... Harris Driver Durham Feb 100 • Feb 12% Feb Jan 8% preferred...———— $6 & Coal Duke Power Co Apr 35% May Steel Dubilier Condenser Corp.... gep ft Aug Xl9% May — class A____ Co 81 9% ; 126% May ft Mar ft 37% City Products Carman •, Va 9% % Canadian Marconi Capital 121 126% 126% .... 1% 1 Draper I 300 Jan Jan 8 18%-Mar • % May 2% — • Dominion Jun __ v Xl7% Aug —• ,y:_ 1 common common Bridge Co Ltd Feb 12'A .. 10 Dominion .. 25 participating preferred 7% 49% l7/8 __* common....... 1V2 Jun . __ 10 common... Shoe Diamond Apr 7 coinmon______l Co % - • Mar 105 39% 200 — __ ... Gray Iron Foundry__'_______l Detroit Apr 1% 1% .■ p.. . , preferred without warrants:__20 '•<<•__/. ■/•'■ — 6% 1% July % Mar * ; Detroit Electric Power California 1% * com preferred — . 50 100 49 Aug Corp Co G — Consol G E L P Bait common 4 Gamewell Co $6 convertible pfd • Gatineau Power Co common^.....—*k series B preferred. % '/o 4 7o preferred series C / Consolidated Gas Utilities. Consolidated Consolidated Mining Retail & Smelt Stores preferred 8% 100 1 1 Ltd 102 101 102 104 Aug 1% 3% 3% Jan 1% Sep 25 Va .1 Jan 30% 3 — Mar 107 100 Royalty Consolidated Steel Oil 10 * Corp ■ 1% 7% prior July Aug 107 Gellman Mfg Co common.—.. General Alloys Co. • — Gen Electric Co Ltd— ' Amer dep 4% 1% 1% 37/8 1% Jan 1,400 4% 3% 1,500 . 1% Jan Continental of Oil 72 10% 10 1. Mexico Continental Roll & Steel 1 Cook Paint & Varnish 72 70 % * 20 . •';"•••%• 60 ■ Jun V4- Sep Jan 10% $6 ■: $ ■ Cooper-Bessemer • * * common prior preference $3 Range Co Cornucopia Gold Mines Corroon & Reynolds Copper ' 7% 7% 36 5% 7% — 400. 36 5 6% 100 5Va 1,150 ft 31 1,000 ..ft 50 1 5 % • Petroleum • Jun Jan 4% Jan> H. . 87 .. 88 pfd 100 preferred..* General Rayon Co A stock—L :_.* General Shareholdings Corp com.—1 $6 convertible preferred' __* General Tire & Rubber pfd A 100 8% Mar Sep 5% Jan % Jan % Jan Outdoor Adv Public 6% Jan 1 67% May 84 Gen 16% Jan Georgia Power $6 ... ,-, ■' convertible preferred — - 1% %• Jun.'-" 4,300 13 13 50 .. 1% 100 12% July Sep 1% Jan $3 $5 Courtaulds Ltd— American Creole receipts (ord Wheeler Brewing preferred 110 , 55 reg)__£l 2 5 14% _* Electric / 14% 4% 4% __ 1 Co. 15 Mar 3% Sep 2,700 Apr 16% Jan 1,500 4% Jun 5% 55 Jan (AC) Preferred ' -— • 44 102 — — —■ — Va Mar Gilchrist International Crown Cork Crown • Drug Co common.. no,> convertible For footnotes A page • 25 1138. __ 1% ._ % __ __ 1% __ "% 25c preferred see __ 5 1 __ 400 ' ft Apr % Jan / 35% Apr Jan 2% Aug V. ~" 21 ~- July Glen Alden ■>■>'— __ 1,300 .. 1% May l%May Class 1% 2% $7 41/2 x% 18 Sep Jan — — , Goldfield Apr 1 Sep Gorham Jan 21 Jan $3 L... B. —t_.__ Jan 80 May 82 Aug May 5 Jan 41 Apr 42% Jun July 4% Jan 10% Jan 14% — ■ — r 3 Consolidated Inc class preferred. A .■>. 13% 14 14% Mines ... 5,500 97% * 1 ' "l'tf 97% Apr Sep 9 92 July 100 -At % * 23 — Apr Jan Feb Jan ft Mar Jan * Sep Jan 32 5 —* - Jan 103 86% — -- — -- .* class A preferred 6% May jan • Coal.....— Jan 7 34% Apr 28 i__* • Jan 4 ... — 53% 103% Aug i —* * Co.. Godchaux Sugars Crowley Milner & Co Crown Cent Petrol (Md) 27% Mar 96% 50 10 ^ : Jan 69 Jun i3« May 1 Aug 1/128 Aug — 44 102 - I. ; Apr % 1 1 : — /* J.—* ">f— V. common.... % Aug 95 July 20 • Feb 33j 4% 11% i.-—. July 1/256 July preferred preferred. Gilbert Petroleum Crocker Croft dep Water Gas & Electric common Jan -- — J i .. Sep 102% — .. Sep Jan 59% Mar J. Service $6 • 6 15% ft Feb — Jl Sep Jan Feb < Warrants, General Sep 36% ft Jan ■••• — I common—. 7% 12% » ' preferred A $6 Cosden 4J Jan % 6 100 0 — * -/..l July % July 500 — J. 88 — preferred......—' General Co.. 6 Aug 4% May 61 6% Aug % 12% Apr 7% 1,100 Jan — — preferred A—10 ' preferred B___ Gen Gas & Elec $6 Jan 7% - 106 ft May -- — % General Fireproofing common..—*' 57/# Jan 88 % July />,600 10% Apr .. Feb 52% May ' —. ; rets ord reg__—w— BI:. General Investment common.— 100 preferred 3% Jun Continental Gas & Electric Co— : Jan 88 350 105 — July 4 General Furnace 5% Consolidated 105 ..100 preferred 5% ' ' 5 ...100 ... 96% Mar 30 — 1% 28 Jan Mar Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4111 156 1135 NEW YORK CURB EXCHANGE STOCKS ; Ended Week Sales Range for Week of Prices Friday Last Sale Price • Curb Exchange Sept. 25 York New r Week's Shares STOCKS York New Week Range Since January 1 Curb Ended Week's Sales Last Range for Week Sale Price of Prices Shares Friday Exchange Sept. 25 Range Since January 1 ' Low Par Gorham Mfg common Rapids Varnish Grand Gray Mfg Great 7% .1st 19 Va 3% 314 3% 100 3% 3% — 5 Pacific & 800 2 175 58 29 Jan 4Va Mar 3% Sep Apr Feb 3% Aug t May Tea— Par Lackawanna Lake preferred 72 70 72 • stock common High Aug 124 1 Co Atlantic Non-voting Low High 10 100 83 Jan 134'A Jun RR Shore Great York New Northern Grocery Stores ft 1 -25 Brewery— Paper *— Greenfield Tap & Die— 900 . !' — Yb 27 'A 27 Ya 50 6% — * 6 v8 100 '7. i1. % ft Jan Jun 5Va common..25c Products Jan 27 35% Jan Jun 7V2 Mar Feb J) Wells Lane Co Low 20 6% 1 Sep 43 3/a Mar 6% 6% 1,600 5 May 9 2 Va 600 2 July 3 5 2 Jun 100 100 Jan 1 preferred common 1 B Jan Jan 2'A War 102 5% May Laugendorf United Bakeries class A—• Class High 2% Lakey Foundry & Machine Lamson Corp of Delaware.* 7% High 100 Mines Ltd Lane Bryant Greater (N Low .July 6% Feb 13 V* Feb Apr 274 Mar 1 Va Jan l'/a Jan 9 Va Mar 1% July Apr 2% • 10 Va Jan 13 Va 1 Lefcourt Gulf Oil Corp. Gulf Utilities States $5.50 pfd * • $6 preferred *. Gypsum Lime & Alabastine & lK> 31 Va 32 >A —25 24% Mar 3,600 102 - 103 " Jan Apr 108 Jan 92 Vt 80 Apr 109 Jan 2 Vt May .77 • 34 Va 91 ,1 — 103 —* 32'/a 2Va Feb r Hammermill Paper * * . ' vv'jC^: 3% Feb ;• 100 18 Va 15 4Va 4% 800 25 Development ft iV 3,100 (R G) Inc..— I Material Co Inc 6 % (Thos J) Brothers 1 22 21 ...5 preferred 22 5Va i Hartford Electric Hartford Rayon Harvard 25 Light Brewing Apr Jan 46 Lone Star Gas Long Island Lighting common 7 Vo preferred class A Corp Hazeltine 1% 5 convertible l'A Aug 1% Apr 3'A 20% Jan Louisiana Land 1 % 30 43A 25fi 200 2'A Jan Louisiana Power Sep 67 b 12% 50 6% 7 Jan Jan Lynch 4»/a 1% Sep 50 2,000 474 30 25% Mar 3% May 30 ft "" % 16 '/a 50 14 l/a 15 % 250 2 common 6% Rubber Heyden s Hoe 5 Products (R) 9Va 7'A Aug 5% Apr 200 100 9 Va 10 Chemical Hildick ; :.;'7 6 5 ... common 10 Aug 20 • Henry Holt & Co participating A Hewitt 574 • 25 — •' • 2% & Co class A 9% preferred class B Loudon Packing Hollinger Consolidated O M—— Holophane • Horder's Hormel Co 3% 300 14% 100 6'A • Inc 100 1st pfd v — — — (A Horn & 5 Vo CI Co ...1 common .'•■; * Hardart "V- ' : ? — 37a > Hubbell (Harvey) Inc.— Humble Oil & Refining Hummel-Ross Hussmann 7 Fibre Sep Mangel Jan $5 Mapes Marconi Jan 12 Jan 31% Sep 7% Jun Jun 3 Aug 27% 107% Aug -- V t for c 1st v 55 51% 55 3 Vt —1 '-■w ..1 46 V2 Mar 58 V2 900 2% Aug 51/2 6 9 preferred—— Jan (The Feb ft 4»A 50 Jan Sep 12 10 100 c 2074 munication Co 3Va 2 1,500 Jan Power Div Zinc Co ' 3V2 *.«• 1% 1 Va Mass Utilities Association Mead Memphis Natural Gas t v tv 1 c _ Johnson & 7% 7% Merchants & Sep 23 Va Jan Mar 2'A Jan May 2% Jan 8% Sep 6 Jan 8 Sep 9 Jan 8V2 4 Va Pipe Line 90 Va 90 22 24% 4% Va 600 2% 50 91 International Cigar Machine Apr 23 Sep 12 Apr 25 Sep 14% 250 7 V. Feb 1,250 55 V2 Apr 7774 ILV4 100 2% • * International Metal 2>A Inc—__—..1 Industries A International Safety International Class Razor B Air Chute—J — 4% Apr jl Jan 11% Aug . ■ 9 600 Jan 4 7 11 Va Sep 5'A Sep Jan 2% 100 38 100 2 6 6 6% 74 Aug July "7 Aug May Apr - 100 6 1,300 3% Apr 4% : 3la 22 Va 02 Feb ft. Jan 10 Feb 28 Va Jan 7% May * 15 7 Mar 23 July %May 1 Jan 1 — Italian Superpower A Apr - * . Royalty. Irving Jan ftFeb 2% S * • 1 $7 preferred Iron Fireman Mfg voting trust IY2 * Mills Investors 5 YB * 2% Aug Jan 1/128 July 8 Va Mar 4: 700 5 Feb lVa 1,400 ll'A "11% • preferred prior preferred— Interstate Home Equipment— Hosiery Jan l'A 2,100 11% • $3.50 Power ll'A * i $1.75 Interstate 11% * . —" Interstate 1,000 • Utility class A B_ f: 4 V2 ' l'A 7 1% i International Paper Co warrants International Petroleum coupon shs__• Products "13 107; Aug Jan s'v.i'-t'Cl Industries shares—... 1 2'A ——• International Registered 7 68% 14 65 .50 International Jan Apr 12 50 ■ 11 Va 14% 68'A series $3.50 107'A 86% 180 25 Hydro Electric— 77 Preferred Sep Ve July 17V2 Aug 100 International 4% Yb Mar .10 — North America of Co Jan 23 *"■ 23 >■ Industrial Finance v t c common—1 preferred 12% Aug Apr : 13 Va 13% '• 13 Va 7% ctfs—_* —.1 8'A 200 7 % July Jan 15 ft Jun 9 Va Mar 7% July 100 . 'A Jan 10% 300 Sep aa Sep > Merritt (F L) Glass Co Jeannette 2% 1 Co 2 Va * Jersey Central Pwr & Lt 5%% 6% preferred 7'/e preferred—.——. 2% 1,600 % 100 7% 63 pfd„100 100 —..100 61% 63 1% Jan 2% 7/a Aug 100 A & May 81 61 Textile * Ken-Rad Tube & Lamp A__ 5% Lighting 7% ,pfd Class B ""loo ~m'' '7- preferred D 36 29 100 „ 29 v .. • Kingston Kirby Products Petroleum . _ _ 1 1 _ - • Apr 88 Apr 95 Co Midwest Jan Klein (D Kleinert Knott Emil) (I B) Co * common Stores 1% 7 9 Vz 9% A ;4' • 9% — -- & preferred 100 Minnesota Mining Pwr 95% 9574 98 4 r!f> convertible Kreuger H) 1st preferred Voehringer Brewing Co 1 % Jun 1% Jan Feb 7 footnotes see page ~3% 3% /. 200 Apr 9% ■ 7 Sep 7% Jan 2 • ' 6% July Corp 14 Sep 4 8 8 Ya July 113A May 14 V. July 24 Sep 41 Va % May x5% May l'A Jan 7 Jan — 14 ; 24 50 175 . ~6 " . : V 13% J 13% 1 Va 400 7... 50 Va Feb Sep Jan Jan 1% 13 Va Aug 14 V2 May IV2 Sep 2% May 700 % May •~ 7. 41 pfd. —100 pfd. 41 3974, •in 500 7: —— v., /;; I. 'M, — - 7'A "4% —III 15% '■ U — .7% 1; 200 474 - 4'A 16% * v 82 Jan 103 July 44'/a 90 -- —. Feb May May 3'A Apr « Pictures common Monroe Loan Society A. % May 32 67 i ' > .. 100 7 4% July Jan 1,100 4 500 15 Aug " 300 7% Apr :,7 17 u 5 12 1 Jan 5% Aug Feb 30'A Mar Va May l'/a Feb 1 Aug 174 Mar 5 Aug 6 140 152 Mar 161 100 >.15% Feb 15 Va July livi?-' Montana Dakota Montgomery Montreal Utilities • Ward A Moody Investors partic pfd. Moore (Tom) Dist stamped Mtge Bank of Col Am shs_. Mountain v7' 10 City Copper Mountain States common Producers— Mountain — .1 —■ Murray Ohio Mfg Co Muskegon Piston Ring Muskogee Co common ' -'V •i >7 .' , 5c 1% 4% July 1 Aug 5Va Aug ; 700 600 4 100 9 May 11% Feb 60 99 Apr 114% Jan 100 7 May 9% Feb 108 109 3 Va 20 17 b 10 » Feb Sep 4% 10 100 Feb 17% % Aug MM' 5Va Aug common.....* Mountain States Tel & Tel //'.'v .. 10 Power ' 158% 159'A 1774 1774 * Light Heat & Power 3 Va 1% May May 2 V2 2% 5 - Jan Feb 7% Jan 10% Sep * 5 Aug 5V2 Apr 100 preferred 57 Aug 68 Va Jun - ■ N Nachman-Springfllled Bellas Hess common Tv 1 > City Lines 20 13% * common preferred Container 20 50 7 ~9% Jan 18% Apr 20 44 "9 ft 10 13% 44 (Del) "9% * 7 1% July •" National Rubber Feb National Steel 2. . % Mar , 12'A Machinery Car Ltd Feb 13'/a Sep 11 Jun 14 % Aug 50 39 Jan 45 8 Apr 10% 8% July 174 Jun 10% 5,200 National Transit National 8 Feb 3'/a Feb National 99 Sep Nebraska Power 7% Apr 52% Feb 13% 2% Apr 4 Tunnel Union Corp & Mines Radio 70 .7 70 Jan % 60 70% 95 '/a 62 Va Apr 93 Jan Jun 5% Jan 2% May 77A Jan Apr •7125% Aug ' 24 8 24 Va 8va 100 Feb Nelson Feb Neptune Meter class A__ 7% Mar Nestle Le Mur 10'A "3 2% Aug 1,200 3 9 Jan 10% Sep 2% May 4% Jan % Aug ya Feb 9% Aug 11 102% 40 102% 103 Va Sep 113 Feb Aug 84 Aug 84 • ■s '' A Jan 7% Mar 7 2,300 10% Corp class 11 'mm • Jan Co 21% 400 <» 1st pfd— (Herman) ' 100 8 * preferred Jan Apr 30c Co Jan Jan 68% 10 * 3 675 • MM Sep Oil 74 12.50 10% May 1% 73'4 * * Sep 11 73% * National Sugar Refining— National Tea 5%% preferred Apr * ft Feb 100 common Light $6 pfd unstpd—• ♦ $6 preferred stamped.. ^ 7' 700 • 1 Jan 9 6% May "'va ""ft '7';. , common Candy Co convertible •r • Refining common.: 12 y8 - 4 JA Mar 2% July 25 14 . '■w— Monogram Jan Jun Jun 900 1,000 — 574 a.. 81 260 5% Mar 2% 200 8'A Jun 1% ft — 2474 * Monarch Machine Tool 7% July "i ' — Jan 4% 'mm • \ % Mar 374 '. •3 . ■ ' ■ 2'A Apr 374 Mar Aug 6 '/a May ' MM For 400 - • & Jan — — — 200 common- —2.50 Pwr 50 ——. 74 % ,7 '•MM, Jan 100 10 4 Va 3% common. Missouri Public Service Nehi special preferred Apr • Mississippi River Power 6% National ' IS 3 Va * & Mfg Light 7% Si 5% Aug Sep Feb 150 —1.1 Mar Jan Aug 474 3% M—— Refineries 4 Kresge Dept Stores— Kress shares & Stores ft 30 106 Va 4% t c.l preferred Supply Mfg 1 Sep Jan 99% July JA Jan 1,900 10 Minnesota Navarro Koppers Co 6% 26 MM % 5 v Co National 53 mmu ' l'A MM Jan 1% July l7/a Apr \\ Jan 74 5$ 1 National Fuel Gas 39% — — •'*•( M-MM Apr Mar • Jan 19 ■ —— . * 1,300 MM. '-*"7 Jan " •*— ■ _ Inc l'/a 115 4% * 8 27% Mar 200 Va Jan 74 _ 116 1,600 6 Va Sep Feb Mar Products— Jan 1% Mar A Rubber Co Corp common.. Kobacker 174 ; 29 •ft Mar 94 — 174 ft July 10 mr'j Kirkland Lake G M Co Ltd ^ Jan Jun 374 Aug 3% MM ' ■/,' common common Molybdenum 800 23 Jan Sep Aug Jan 374 21 " Mining Corp of Canada Mock Jud 125 126 Aug Mar 2% V 4 ! - '.V ; Piping Mid-West 'l'"-' Feb 2 18 MM. 24 ,;V • Abrasive. Oil Midwest 90 1,900 •;; ' MM 10 conv 160 274 ' ■ V. 1% • $2 non-cuin dividend Midvale Mid-West 112 mmM' — Corp $2 Midland Steel 1 Va Mar 8% '• . Petroleum class A Corp Feb Apr Jan > 10 ; Apr » • 15 —; v t c Oil • 25c National v 3'/a Apr ' ■' Jan 2'A May " 36 Ya 6% 3% 374 i. . Hone Corp West ' — B Jan Apr 100 24 — • Corp Middle States Middle National Kings Co 3Va 10 100 —. _ 6 100 May 174 & 'WM* : ■ _ 111% 674 Jan Sep 2 Vt ft < 8'/a 2'A 1 Preferred $3 6% Jan l'/a 100 110 Jan K * Jan 3% . class A„1 Michigan Steel Tube.. Micromatic 112 : ■■ National preferred. ..100 Sep 174 ...... National Elec 7% 27 Apr Sep 1%. Jan 60 68 Inc 8% 8% MM 400 Ya * Scott preferred National Breweries Kansas Gas & Jan July 7% • preferred Chapman National Kennedy's 'HY — 3% common common. Participating preferred Metropolitan Edison $6 preferred Michigan Bumper Corp 6% Jacobs —- -- "1% Manufacturers Participating Midland & 7% Indianapolis P & L 5Vf% preferred.100 Indiana Service 6% preferred.: 100 7'A preferred— ——100 7 rfo 13% Jan Jan 200 £1 Ireland Insurance 7/a (Jan Apr 5% 1,500 7% '■ 5 Britain Great % 1 MM' 2 2'A ; * Co Feb 7% Mar 7 25 Va ' MM MM' _ Dredging Stores 2 V. Mar £1 * * 1 274 50 July 8% Sep ' r-'i"-'' *•' * common Mercantile 1 1,200 , MM*-'1'.' 7 ... •M— * Steam Shovel Michigan Sugar Co Imperial Tobacco of Canada—— Indiana 16 'A Jun 1V2 Mar ' Jan 1. Am dep rets regis Imperial Oil (Can) coupon. Registered — of 200 - * .. Tobacco ft May 300 . 7" : ... Jan 9 "l% Imperial Chemical Industries— Imperial V3 - 20 Va Mar 50 ' MM4 Margay Oil Corp. Metal Va' 20 50 Apr 23 % 100 12 Jan Com- Messabi Iron Co —* certificates— arrear Illinois Co.. preferred—_ Sep Mar 200 ■. *' Co Marine Ltd McWilliams I Iowa 74 274 MM 74 Mfg International 6% % 5'A -convertible % 274 Jan 1674 50 * Warrants Illinois 20% v/7.:' Co Massey Harris Sep V. Aug V4 Aug 5 ; 4% July Jan 9% : Apr 12 warrants.. Bi Consolidated Mar Va V • * Hygrade Food Products 3 Va 4,500 100 preferred Jan 15; Aug 2,400 3% * Securities 4 102 ■ Apr 112 5 • Huyler's common— Hydro-Electric 12 Va __5 Co 3% 2ya Mar May Stores convertible Sep 21% 175 5 Corp Ligonier Feb Jun 93 McCord Radiator & Mfg B V 23 Va Sep M Manati Sugar optional Jan 2 V. 23 — Jan Feb 13 Feb 15 — 2274 % 24 Va • 5 Jan Apr : - 23 100 preferred t 17% 27% Mar — . ; Jan Va May 1 Va July Marion Horn 15% 1 common 12 ' ■ 8% 14% Aug * Exploration $6 pfd 7% 12 • & Co common 100 & Light 374 5 Ya Mar 1,400 — — {Geo A) Feb Apr Jan 5 CO CO 12% July 1474 14% Aug 14 Jan ll'A Sep 67% May l'A Mar 6 6'A . • common & Corp Manischewitz 7 1 Jun Apr Jan 6% 24 3% Mar ■■' •■■■■■ 14% 10 Jun 9% 100 , i1 3% 374 — Jan Feb Jan 574 * , Co Preferred 7 6 __ * Class A Heller ' V* .. 100 6% Conv * Rubenstein 6'A 16 11 3,900 2,800 16 Va * Ludwig Baumann & Co— Conv. 7% 1st pfd % < Helena Apr Jun 100 2% May 14% May 1% 50 Dept Stores 6% 7 400 16% I6V2 — — common Hearn Feb 300 __ • Corp preferred Hecla Mining Co...——-. i 5 Feb % Mar 12% • • 12 % 1% Hat Corp of America B non-cot com..1 27% 13'A .5 Jan 19 May 40 July * common Feb Va 20 100 5 Va 5 Jan 4% May Jan l'/a —1 ■<" Co_ - ' ••• : "a — % ctfs— ._1 trust voting ft 400 ' i 3% May 25 Locke Steel Chain.... '.V ' 18 Va - Oil Le Tourneau Lit 'v „5 Co Lamp Leonard Lipton H Hall 1 common preferred Lehigh Coal & Navigation Line I :• Realty Convertible MM 1138. ')■ 8% July Feb 1% Aug 1 THE COMMERCIAL & FINANCIAL CHRONICLE 1136 Monday, September 28, 1942 NEW YORK CURB EXCHANGE Last Exchange Curb Par Low , New for Week High LOW ■ ■ England Power Associates———* New % 21% ■ $2 preferred .—A——* Newi.England Tel & Tel..A——--100 New),'Haven Clock Co———-«—.—.* New Idea Inc common.-—-------—* 175 Apr 1% 30'/a ■: ' — 7% Aug 7% Aug ; ' "n 100 10% Mar 12 50 68% 1% Apr Feb . 'i.. 15 ; 16 ■ ' ■ 350 ; 7% 1 93 91% 190 optional warrantsClass B optional warrants— i'XiaiiWiiy 99% 26% . •1 > ■ 100 ■ Jan 91% 18 1 . Apr 102 7 11,500 43% 30 = v ic Apr % Sep Sep ' . Jan 69% '' 1) — (.4 ■ ■ % • class A— common—.—-—-—-* %Mar 100 4,300 19'/a A'W— U1'1. A- i 139 50 525 % 5% 4 41% 41% 40 13% 13'% ■-r Oil-—-—-—5 Indiana Public Service 6% pfd_100 Northern Central Texas . Corp. i% Richmond Radiator.—. ir5r Rochester Gas & Elec Jan Cable Corp Rome 3% '4% Jun 1,100 5% 100 — \ Root Sep ' 20 Petroleum % Sep 2% 2% 1% 1% •'2 ■*. > " - . 4% 18% Sep 1% Ryan Aeronautical Co.—AAA...A—1 200 Royal 3% Ryan 2% ; 108 Apr Mar 82% 99% 18% . St Sep Jun 2% • Ltd., Jan 76 Sep 100 Feb 112% preferred—.—. Oil 40 100 Jan 1% 2,100 100 1 Mills—. . >-r. I :r ~ \:' ? • • -. -'rV *. *K. ' ' '.'A/'". 112 110 Feb Sep -98 Feb Scranton 7 Aug Scranton •% common. Electric Lace $6 24% ' • common.— 12 14% preferred..:—————50 cony prior preferred...——~—* $3 United Filters B Oliver Omar Inc, Overseas * — 95 — ' —..—-1 — i — $5% 4% Securities..—J—1 - Jan Jan 111 Sep 3 — //-A; . 17 48 Apr Apr May 40 — Jun $6 preferred " . Scullin Steel .* — Apr; 8% Co 16 Sep 4% Jun July Segal Lock & Hardware...—1 Feb - ; 9 Co common—• Can 1st pfd——25 28% .25 26% 26% 75 75 preferred———, 5% f/o: 1st 200 28% Pacific Power & Light Public 90 7% pfd- 100 $5.50 prior stock.—.— certificates.— 3% Sentry Safety Control.— Jan Serfick Corp class 87 Feb Seton Leather common..—— 3 July Shattuck 11% Feb 13 July 3 Sherwin-Williams 3% May 3% May 8% : v-! 9 ■ 200;, ' , A' Sherwin-Williams ; Traffic <3o..—— Penn Viz . —.—1 Pennroad Corp common... Penn Cent Airlines common.... ( Pennsylvania Edison Co $5 series pfd.* • $2.80 series preferred.;.—— V/z •• & • Sugar Prop common 66 Pepperell Mfg Co . I—100 ■ 48% 90 .c; * Perfect Circle Co.'—— .90% -V Pharis Tire & Rubber.;^—.........—1 1 Philadelphia Co common;—r._ i Phila Electric Power •Awle-' • Phillips Packing Conv $3 — 0 i— 1 j :; ; ~4 ,5% 4 40 preferred series A— CJoyernor common.—; —.....1 Pioneer Gold Mines Ltd / 1 Solar 5% ■ South 175% Jan 50 Inc Plough common— Scale 5% . Jan 22 10% 10% 67 72% Pratt Premier Gold Mining.. V Prentice-Hall Inc & Lambert .—...7.50 Pressed Metals Co——. * America . . • ; 63% Feb 12 Jan 9 Apr 55% 200 . Feb 2% Sep - Jan / ; 2% 7 Jun 3% 8% Feb Apr 7% Apr % Apr "■'"12 Jan 1% Mar 37/a Sep 200 700 -4% .. 2% 200' 2%;- ■ ' 18% • : 18'l4. / 38% V • : .. „ \ *— ' ' 56 3 •2% ' ' 150 16% '' A ; 33 "■ , ' ' -4%' : 4% • 8% Jun Jan 4% Feb Sep 2% Jan Feb 20 >. -414'; 100 - Jan 2% Apr A May 3 Jan ' ' Sep iV Jan 33 Jan 4% Feb V» Apr 4% Apr 7% Feb — " "A': ■■■ 6%. Mar :: :■ Service of Colorado—• Public 6% 1st preferred 100 — Puget Sound Power Si Light— $5 prior preferred. $6 preferred Puget Pyrene For footnotes see page 110 20 99 -99 100 109 Feb 111 Mar 103 Feb .. ■ 42'/» • — —5 ;^--.,.10 1138. 41 -8% 8 -42% 87 35 275 Mar Jan 52% Feb • - ■ - *1" ; - -8% -A- 8 1,200 Sep 8V4 May '• >6% -•-6% ; 16% Jan 8% May " 100 ' 6 % 30 110 Jan ,115 * 6% 6% Sep 50 7 Jan { Jun 9%, Jan 11''. Aug' ~ 17% Apr 2 Mar ,15% Apr 1 July — 130 164% Sep 1% Feb 2 May 1% Jun 3 Apr — - V 13 — 1% ■ ... 1% l% 3% .. 27% — - California Edison— 25 • Apr 1% Feb Jan Apr Sep : 2% : Jun Apr Jan Jan 2% Apr 3% Aug. 36% Sep 27 Mar " July Jan 29 Aug 23% Mar '..Xfe 5'/a% — 26% Jan July > % Feb 1 105 May 122 5 Sep 6 Jun % — — — Pipe 42 24% Mar 30% Mar original preferred— ..25 preferred B ————..——25 preferred series C ——25 Southern Colorado Power class A 25 5% 6% Line————.—10 ■; 1% • preferred A--.—-i.....^ .25 -Royalty Co———5 Spalding (AG) & Bros.— ...1 v.'......• 1% 1st preferred.....—...—.—...* 22% Spanish & General Corp— Amer dep rets ord regis—i— , Feb 6% v Jan 7% Mar "*5% ~5% % 10 23 Jan 29 Sep 6% July 1 % Sep Jan 5 • 1% 1% 21 '/a 2% 1 Aug 23% May 1% 8% Southland Spencer Shoe Corp Stahl-Meyer Inc Jan 23 May Sep 1/64 Jan 1/64 Jan —• Convertible preferred 7 Feb . 1% 1% 11% — 12 v .. 12% 12% 12% 14 Apr 2 1% 1% 1% Preferred ; B—_.—* —.—.—* . 1 6% Standard Silver Lead.————1 Products Co. Standard Tube class B..———1 17 1 Vb -i. (A) ——* & Co common...——i..* —, _1 46 : — preferred .i.. 50 5% 2d preferred...————20 Sterling Aluminum Products———„1 Sterling Brewers Inc.. ...—1 Sep Apr 8 .. Apr 2 — — Aug 34 Sterchi Bros Stores—...i—. 1st Sep 110% Feb A Jan Va May , 19%-. Jan 6% Sep A Jan 20% Apr , 2 Apr : Apr 9 Va Aug 3'/a Jan 35% Mar 6% 4% Apr Feb 1% » Jan 1 % Mar 8 1% 46 8 . 6% Apr A Mar Jan (The) Corp voting trust ctfs—1 Steel Co of Canada. 6% 13% Jan Jan Jan Jan A Mar »a 17 ; Jan 14% May ; 4% Mar i i Steel Spring.^..——5 Starrett 6'4 6% Vtf Standard 12 14 Jan 12% it Aug • — 14 3% Apr & Standard Power & Light—1 Common Class % Mar 10% May 10 Feb 103 Jan % Jan it Jun % Feb lVa Aug 9Va Apr — ;.10 Standard Dredging Corp common.——1 $1.60 convertible preferred. 20 Standard Oil (Ky) —^..10 Standard Oil (Ohio)—5% pfd———100 2% 1% May — — Standard Brewing Co.—.2.78 Standard Cap & Seal common.—...1 Stein - * common Manufacturing. 110 • Sound Pulp & Timber P.vle-Natlonal Co 96% Apr 106 Apr — 1st preferred 4 11% Sep 78'A July 59% May, 1,380 .. ——10 Standard Gas 5% Feb ; 73% July • % -3%.'; = ■ 4 ' Alw . ■ Corp of Nevada.,., —...1 Prosperity Co class B—i— 7% 5% 43 Jan Jun ~% Mar - Feb Sep 10% July ' Producers Providence 40 4% May AA *' ' " r ;.% •3% Pipe Line Southern 46% Sep 1,800 i — - : 74% *76% 164% 25 ' Oil.——.... Pa Feb Jan "A—■" Z1* Penn Jan ~ . . Sep 9% * : - ; — Manufacturing Co.—, 4% " A 2 1,200 100 8 % May : 6% 31% Feb 1% , A—— common of Jan " ; . 25C . 4 • :■ * Jan 37 50 V\ of Canada..—.....* Co— Aircraft Southern Feb 3"% Aug Apr July , .. 430 ' : : , 112% 112% 112% i' pfd series AAA—....100 Southern New England Telephone..l00 Southern Phosphate Co .10 1 700 A —V;> "2% ; common.— .—^..10 • K 49 - Power Corp of Canada.—.^. % Apr 4% May Feb Aug 96 31% Mar 4,500 ' 71% Polaris Mining Co..—— 11% common—.——.——..* Southwest 3% May Jan May 3% : Southern Union Gas.— "1% 47% cum Co 37/b Mar 300 800 10% 1 Pneumatic 2% 2 75% : 25 common Sonotone Jan .,8% May 5 , . - —10 Metallurgical..— Pittsburgh Plate Glass. Pleasant Valley Wine Co..—.. % Apr 4V4 May 2% 1 Corp.^_———...———1 Soss Manufacturing common.——.—1 South Coast Corp common——1 Solar Sep '^i,V^ I' + 48 .....5 Sugar common.-.^—— Powdrell & Alexander...; —.5 . % ■. > 100 ' ', Potrero « 9% Aug Feb 30% Feb Jan 29% Apr A A '"-''''- 4S%'Feb 45'; Feb 56 105 Jan 1% 3 ; 5,400 / 40 /•I 1 Pitney-Bowes Postage Meter,,.., —50 Pitts Bess & L E RR .50 Pittsburgh & Lake Erie—..... : - Jan ' ■- ■ .5% ; = . 39 —, Pittsburgh •; 4% $3 convertible preferred Simplicity Pattern common—..——1 Singer Manufacturing Co.....—.100 Singer Manufacturing Co Ltd— Amer dep rets ord regis—.—.£1 Sioux City Gas & Elec 7% pfd—.100 ■ Mar 20 '■ 300 Pierce < ■i, 81 ; . ; Apr 36% .A—, v 41 2V2 Jan , 200 / . A% . 4% ; ' • 125 A t ■.. , —1 common... .3% . ;%>• 1. v. Aug 100 ; A. 3% Mar 350 , 3% . .3% - • Co. ]; Phoenix Securities 3% . _*;A 5% pfd.. ———25 ; f .. *11% Simmons-Boardmah Publications---, Jan ; ^ • 50 .. • . • 67% 40 . VV.'yA: ; 48 : ■ A Mar Sep 64% Aug • 680 *141% 141%,;' ' Penn Water & Power Co..— 1 '■■v.; 75 66 Mfg Co————. —50 Salt Penn .i-iA—, ' • • 67% / --1 — Penn Apr" Apr Sep AA" 31% Aug 5% Apr 26 jvi:'! . Ai': 30 Sep 41 A—• —- •' __ 68 Light $7 preferred—.* preferred $6 — ; Penn Gas & Elec class A com.———_* ■■;; ■ •i. 1 • Power ■ ■ $ i/* .♦■.v ^.A ' . "2% " Penn ■l; 100 5,200 ; ' >,): :;v/ ' 3%.V 3.700 ... 8% ; — v.. 2% v';: 3% . 1 i it.r**". 2% . 3% . — May 29% July Silex 14 Sep : 24 ■X fr^ii ... : 'a 4% May .. "/vA—•,> . .* common.. preferred A—.—25 $1.40 : Telephone Jan Sep l% Jan ' ——• Mining.,—————5 Denn 4% Jan Aug 10 " a :: ' Peninsular 38 43 M Shawinigan Water & Power— —— Parkersburg Rig & Reel—; Pafcchogue-Piymouth Mills..— . ; ———1 .1.—.1 Jan 98% 5% i 41% — " 27% 3,600 Parker Pen Co.......———. | •; 38 25 .... Apr 71% Aug 2% Aug i Motors Corp—... Paramount Mar Jan 100 12 1 3% Jun 12 :J: it July ' Pantepec Oil of Venezuela Am shs— '? 1 10 ;; —• Service—— 1st preferred———————* $1.30 29% V it dart- .—.5 ... Vi fan J Jan f Allotment July Apr 22% Mar. 200 Pacific Lighting $5 preferred———* Pacific 9 July 24% Convertible stock. July Mar 36 l ■ 2 % Mar" 8% ivm.-: " it Apr 3% Jan 69 ;r,i;; 26% July — 1 Aug ;'9%Jan % Mar — — • Jan 19 6% Sep Selected Industries Inc common—-1 Pacific 26 112% Mar . — Securities Corp GeneraL--.^^.^——1 Seeman Bros Inc. * 2% Seiberling Rubber common Selby Shoe Co Pacific Gas & Elec 6% 15% Aug Jan 29 ;:,Apr. % July ' ; 4% V 12 - Mar -- .* common •• Jan 111 ;: Jun 21 '/a May % Jan : 19% May 500 Jan A Jan 1% Jun — 25% — Jan 3% it Feb ; - preferred———* 120 Apr Sep % - 10 — Scranton Spring Brook Water Service— " ' Oklahoma Natural Gas common—^15 Sep Feb "• 19 — ' - Feb 10% Aug 2% Jan Apr % i:• —...1 Convertible preferred.... ..—25 Scovill Manufacturing...25 (D A) Mar • U % Jan 1% July — 5 —* common..— 107 2,300 2% — * Co Co Schulte 91% Apr 25 2% July .. 1% Aug — 1 91 130 91 " - . % Sep .. 8% .100 Co——— United Corp common..— Oil Schiff Sep 100 ; Jan 110 % —50 Regis Paper common.—————5 Savoy '17% Feb 90 99 5%' Feb V* July • A $2 conv pref Lawrence Corp Class Feb 14 100 91 : — common———^—5 Oilstocks Ltd 83 1% 100 200 112% 112% 107% 107% 107% Ohio Public Service 7 % 1st 2% 15% " Jan 9% May 6% July Jan 5% May preferred-——A100 1st p*fd_.A100 preferred..—..-w——-.—100 Ohio Power 416% 6% 2% 14% — 15% 82% 112% Jan Jun 1% hJan 3% Mar Jan Sanford -4 common—.1—* Ohio Edison $6 preferred ..A—* Ohio Oil 6% preferred—————100 15 53 Jan 1% Co class B 2»/a Jan ■ Feb; 3% Consolidated Petroleum..'.— * ......1 Samson Brass Jun; Apr '' May Salt Dome Ohio Jan 9% Jan 4% Feb v St Ogden Corp common 05 •12% Mar ' July as Apr 11 July V* Jan ' 1"% Mar 1,600 18'A 18 18% Corp.————• 5% 1 9% May'' 36% Mar Russeks Fifth Ave..2% Apr%. 77/a ' Jan ' May 10% May 7% Apr —20 Typewriter—.-———-.—* 19% 102 ■ Jan Apr x6% Jan 77 Co__-J™———.1 Jan 72% ; • 5% •11% -A % Mar $1.20 convertible preferred— 88 87 85 .. '. '■ ;i'' —« 11% Feb • ■ 5% Jun f' 300 5% Roosevelt Field Inc..——————5 Feb 52 Jan aY Jan -2%May: 10 Apr 5,100" li n 5 : % Jan Jan 1% 18% Mar / ' 6% pfd D—100 common--—. % A May 3 % May 2% • Apr Apr 9% Jan '. Sep 16% Apr 51% Apr At : Feb it Jan 41% % July 14% Roeser & Pendleton Inc—■AAA—.* ; Jan Jun i<i 16 .—1 3% - ,v Jan, :■-/ ,..v W 6% Apr 1% Aug :—.—50c Jan ^ Apr 50% 600 ' Novadel-Agene Jan Jan 5% May Apr 15'% Mar V;'■ A S3; 85 '^.v; •'*, preferred— -———.--—100 Line———A—10 Northern States Power class A_——.25 7% Northern Pipe Jan 8% Apr ■ 12% July 45% Aug " Ryerson & Haynes common—; Nor 70 .150 it May; i'« 15% 14% v 15% May ■ . Securities—^ American Utility North Apr May 8%,Apr,. % -1 90 Jun A Feb .... — 2% ; 100 -'v 2% 5% Sep % Feb • 600 . 68% — ———50 prior preferred.— 6% 56 60 5% Reliance Electric -& Engineering —5 Republic Aviation ———1 Rheem Manufacturing Co.— 1 Rice Stix Dry Goods—————* 1/128 Mar Apr 8% 1 • 2% 64 North American Rayon B % ' ■ - 19% 67'A preferred 86 3,100 A V. % - ■ Class ' ./i 9% ■ 2% V* • North Amer Light & Power common— 1 $6' , •• r Elect ric———————1 Noma High ■',/■ Co Reiter Foster Oil Jan 2% Mar . : 1 Nipissing Mines.-———————i-5 B 30 , — Rio Grande Valley Gas-Co y t c——1 300 2% ■': 9% : ■ common—iA Reed Roller Bit Feb 53 £>C<iUiAO*v-o CL Red Bank Oil Co.:—....—: Feb 1% Feb / * Sep 1/256 Mar A JUn *""T '• . 2% common---——5 Nineteen Hundred Corp Low 65% • — Raytheon Manufacturing common—50c Mar 27 30 —— .— 39 2,375 ; 30 ■ . preferred.———-—100 A 65% 143% 144 Packing Co com 10 Raymond Concrete Pile common—* $3 convertible preferred— * Jan Jun 19% - -90 ; " Class Range Since January 1 High • .——* Rath Jan 25% May 94 50 27 39 .41% 10% Aug Jan 16 600 f *i.i; 27 Niles-Bement-Pond Co— .————10 Railway & Utility Investment A _.l ' Niagara Share class B Low Radio-Keith-Orpheum option warrants- Feb 18 6% July 19 99% common--—10 ——100 preferred——-—-——100 Class A 17 Va ■■■ Niagara Hudson Power 5% 1st preferred 2d 2% 74 : ; 19 Co-—.——-—5 Yf. Water Service 6% pfd —100 5% r 81% May — — , New: York Transit N Apr lVa Apr 2% Mar 1% Jan 11% July. ./ 300 1% / — N Yr State Power Voting shares.--—.—-————-1 Electric & Gas $5.10 pfd-100 :A 'A- . Jan 3Va 'VV 1% " 16 ^Pounders Par Jan Power & $6 AA preferred.—JA-A———100 6''r Quebec ." A'-v\'.XJ ' v~ N Y, Shipbuilding Coip— Shares Jan 600 .. Merchandise.————10 Light 1% preferred—100 preferred—__* N- Y N Y Feb 11% /•••' .;'.S for Week Quaker Oats common————* Jan 4% - 59 warrants ^ 101% Apr Apr 11% 1% Rosario—.———10 N Y; & Honduras 3 58% NeffiB Mexico & Arizona Land.-—-----1 Y Auction Co common-———-—* Y City Omnibus 80% 11% N N 150 ■ :■ 59 Zinc____—"5 New) Jersey 85% 84: Sales Range of Prices Friday Jan . 1 Week's Last Sale Price Exchange Sept. 25 Jan Apr Curb Ended ■'A-; High 19% — 21 21% preferred.———---100 6% ■ m York Week Range Since January 1 Shares of Prices Sale Price Week Ended Sept. 25 ^ STOCKS Sales Week's Range Friday STOCKS York New Apr 6% Sep Volume 156 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4111 NEW YORK CURB STOCKS York New Curb Ended Week ; Week's Friday Last s Exchange Sept. 25 Sterling Inc Stetson (J B) Stinnes' (Hugo) Stroock (S) Sullivan Machinery BONDS for Week Shares Low ••.v/V A,Par V, Low High U Co.-:aiA 2% * common... Corp.. _ 21/2 21/2 100 1 : Jun 8'A 23/4S Jan % Aug 13% Jan 12 Apr 6% American Jan 3Va Apr 9'/a Friday Curb Exchange Sept. 25 Ended 1 Interest Period Week's Range .Last or Jan Sep Friday's Range Since Bonds Sale Price Bid & Asked Low ' 1/4 Mar • __ York Week High Apr 2 5 _ New /: Range Since January 1 1 Co EXCHANGE Sales Range of Prices Sale Price . 1137, Sold January No. High Low 1 High Gas & Electric Co.— f s debs .1950 3%s s f s f debs Pow & Lt ; j-j .1970 ; j-j .I960 debs 3%s j-j 103% 103% $106 102 18 106% 104 101% 106% 106% 106% : 102% 109 - Sun 12 Oil_,»2„____: Sunray 5%% convertible Oil Superior preferred 50 25 (Calif) Co 11% 111/2 * 1 Ray Drug Co 300 021/8 1,000 40% - 700 • 371/2 26 Superior Port Cement class B com....* Finch Oil Corp__ Swan 9!/a V 1% May J39% Jun 10% .2'A Feb deb Writing Paper 6s I Appalachian Elec Pow 3%s Co ,_A. 21/2 " Technicolor Inc Texas Texon Oil ♦- common.., pfd Light 7% & Land Shovel Thew Tilo & Power 2 common Co Co.... 21/4 161/2 Jun 7% 2,900 92 Arkansas Lt & Pr Elec Associated 5 2% Roofing Inc 200 2% 15 15 3% 86 4%s— 50 300 3 Va 14 Realty & Allied Tobacco & Tobacco Product Construction .13 A Jan AConv Jun Stocks.. % 15% * 2% Feb Amer Todd dep Sep 4% - 60 30 93 90 85 11% 11% 8 11 11% CO 7%% 11%. 7%, 121/4 11% 11% 40 7 %!<:•. 12% a-0 11% 11% 11% 44 7%V12-^ F-A 11% 11% 11% 18 —1955 M-N 66 63% 66 12 1955 M-S 5%s_— 1977 : Atlanta Gas Atlantic City Elec 3%s 1 A; 5 % Sons Jan 5s & Light 4%s 4% Aug 95 109% 106 j-J 4106 107% 105% 107'/a 1947 j-d 100 100 100 100 105 / 114 . warrants Jan 111 Convertible Jan x103 Bell M 5s C M-S — of 3% 1 Ur % Mar 700 /;3% May 1% July Feb 5% 36 Jun 7Va 3 Jun 4% Jan Canada 250 Central Mar 1 Aug Sep 1% Feb 4'/2 July 6% Jan 38 U Union of Gas Aircraft United 4% United Cigar-Whelan United Corp 4'/a *"••• • 1,000 12% "lOC Stores warrants a/a % ;I % El Power Gas & J-D M-S Af-N —1964 5s 112 'a 115 1 >. 102'/a a 152 2 102% 103'A 115% 112 vs 151'a 155% 100% 103 % 19 ;>v 101% 102 r $1031/4 104 ' ,101% —1954; ? •; "it. ; O • • , . 100 7 St /■.';/ 36 99 v'z 102% - Service Cities deb 1927 5s Feb Jun Debenture 5s— % July 16 J " 9 V* r:. T- M-S 7% •V;'' 6% 104 86% 101 •.105 y4 -7%. 19 ,4 7% . $100 J-J F-A 35 4 9% 94 1001/4 100% 55% 55% $102 A- O A-O 1966 5s y 79 $105% 106% 7% 1955 5s^.x——.Jan Conv "-'•t 20 11% M-S 86 57 79 40 59V4 98 103% 104% 104 % 102% 99% 104 »/a Jan Debenture Jan J-D 1952 : ... 85 Va 84% 84 101: . —1953 Ry 5%s A series B_. Apr 57% 1/64 Jun v-. 6s Jan Jun 2,900 — Cincinnati ' . J-J —1948 A5%S • ■>'•-•7% Va May • - - 7 115% 115% f 152 M-S 1953 5s_. 3%s Elec States 2y8 ■ Mar 57% Vi A 32 * United Elastic Corp Jun 11 I'M'''': 7% Feb 51/4 300 V'-Aji'w ,:V 111 § A Central Jan 3% Aug : Jan 3 > Jun 2 6% 12 -I;I:'r » pfd Sep 3 % 200; - 6% common. 2 2,500 '"-F V'J "... Products & participating cum 2'A VV' • common Chemicals 4% • Canada Union Investment United $3 10 Northern Central States P & L 5%s 5 A Chicago Rys 5s ctfs 2 18 114'A Jun 29 1 114 q-f .1970 2%s_ Jan l, Udylite Corp Unexcelled Manufacturing Co Edison % , • preferred <i -1954 Boston Apr 500 38 107% 108% M-N _— .1968 , 3*2 400 3% 108 J-D B Jun 1 i Tung-Sol Lamp Works convertible 108% Canada— series 5s' series ; 6s Telephone 1st Jan % Apr 2,400 % "3% A 66 $107 —-—.1964 F.)— (B. without 7% Chatilloifc 80c 1 % 4% 10 * A 7%V 12% 55 % Apr Mar 1/4 1,100 1 ... Inc Class M-S 11% Feb Mar 95 100 __1 • Tubize 47% 11% Jan 49 58V2 Aug 93 03 100 Transwestern Oil Co—. Tri-Cpntinental warrants Trunz 38 11% % C : Aug 60 • Corp^^1,1.1 107% 148 44% 105 F-A .1998 Trans Lux 42 19 Baldwin Locomotive Works- Shipyards Corp Toledp Edison 6#:,. preferred.^.. aT% t preferred.+A— Jxx Tpnopah Mining of Nevada— " 44 j 1241/4'130 j-J .1949 4 — Assoc T & T deb 5yas A Tobacco Security Trust Co Ltd— rets ord regis 1 ——..x_.—xJ._1968 Debenture 5S deb j-j ■' 104%407% 1 105% 106% w 1950 3% Apr 2% 300 2% 2 1127 >i , 86%»106% 79 W 88' /! 121 ".106% 106% "•'127 A-0 ..1948 — A 51/4 Feb 40 Va _• Exports 83 ; 3'/a Mar Aug •- 95% 83 Co— 4%s 'AConv deb 5s Avery Tishman 93% >' J-D 1956 4%s deb Apr 100 21/2 Mar i 94% j-j —1953 & Elec deb Jan 87/b Jun 1970 .2024 5s.,._.—4—.1 AConv 3% Mar 19% 6% July 30 j-j *i.{. » 8% July Jan 200 6% 7»/a 91 100 300 18% 90% 18% * 2% 18 Vh ; 1 common m-s 1961. Appalachian Pow deb 6s A Conv Tampa Electric 2016 — . §Associated Gas Taggart Corp common... Fi, 6s Amer Sep VA Jan / 15 i Feb 11 • •. Amer Sep 45 y8 40% Apr Feb ; Jan Feb Feb 317 74% 69% 77% 30 69% 83% 8i% 8iya 4 72 83% MS —1952 M-N 75% 75 J-D 75% F 75 S'/aS. .1949 Lt 77% 76% 77% 5%s Connecticut 86 76% 77% A-O —.1969 ... P & L Cities Service 86 J-D 1958 .1950 ■_ & Pr 7s 1951 A„ Af-N , 76 66 76 $121 4 .. 7 46 87 84% 62% 96»/a 64 126% 96 Va 117% 122 ' United Gas Corp common 1st $7 p»eferred non-voting Option .1 & M Elec Co 7% 1st $3 Molasses Amer dep Co rets United N J United United Shoe 3 V4S Jan 1st 83 y4 Jan Sep 1st ref mtge 2%s ser Q ' 700 Machinery 96 5 Va Mar 19 Va 20 lO'/a 5,200 A."/u . 'f V:'*"'X;'* ■. ■ • i.;A IT'" — — •, 23 Jan 85 Jun 100 244 common Preferred 25 2 2% 250 Aug Va Mar 25c 10 ... ; Jun 4 Apr Jan 60% 61 550 50% Mar 63% July 43 61 25 43 110 38 May 45% Aug United Specialties common U S Foil Co class B 1 4% 4% 300 3% Apr 7 1 2% 2% 600 2% Sep U 5 S Graphite common 1st preferred $5 U Inc S Lines Securities with warrants Rubber S ; Wall n m !i Paper 2 1% May ,Va 12% Insurance—. 1% 1% 1% Jan 3,200 % .1 7% 6% Pictures common Co 14 25 * Sugarx. 25 . 5 Utah Power'& Light $7 preferred Utah Radio Products 1 • 2y8 47% 2% 200 47% 47 75 1 % 8"% ■ Mar 10 . 2J/a 41 Jan Jun Apr ' 26 May Jan Jan Feb 29 v Jan 14 3% 62 Jan Jan Jan & Jan 43 42% 43 32 100 . 33'A Mar 43 3 104% 107% VvV 25 99% 103% 1954 ... 1955 Empire 5s—; 2030 Water 6s-5s 1952 ■. 5%s__ .—.1961 4s ser C 1966 —.1954 Florida Pow & Lt 5s— General 3%s Power Pub 1969 A—, ——1953 5s Serv Sep convertible $4 Venezuelan preferred 5 Petroleum 1 Virginia Public Service 7 % pfd 13 4% 100 Manufacturing. Vogt % 4% 44% 4% 3'/a * Aircraft Co • 100 I'V:;7 V $46 M-S 96% 103% 25 105 104% J-J 105% 7 103 J-D 104% 67 89 94 J-J 90 93 A-O 94 89 Vi 47 102'A 1061% 103 104% 79% 8 90 90% 100 $_a'C 60 83% 84 16 ; :77 4sx.4_——1965 M-S 91% 91% 91% 33 85 .1941 MS 40 40 2 40 53 81% 90 Glen Coal Alden (Adolf) 4'/2S ser A §AGobel $89% 86 Va 92% 1950 J-J 1950 F-A Green Mountain Pow 3%.——.—1963 J-D 98% 96 1945 J-D $75 80 67 81% 1958 J-J $41 % 45 39 47 18% 14% 19 Trunk Grand West Products Grocery Store West & Guantanamo gAGuardian 4s 5s stpd Nor Power Great 6s — —1948 5s Investors 1966 & Pwr 3%s Houston Lt series B 6s Idaho 111 Lt & 6s 1st A-O ——1967 —1953 ref & C series 5s Indiana 109% 111% , A-0 86% 86'/a 83 87 86% 86% 83% 86% :109% 110% A-O 102 102V4 J-D 100 Y-t —May 1957 102 " 86% 1954 A 108 % 108% 111% 111% 1956 ser 98% 17% A-O 3%s__._ Power Pwr v J-D Jan 1949 — 90 $108ya 112 M-N —Jan 1949 Hygrade Food 6s ser A— Indiana 4% Sep Jan Jun 104'A 105% 9 ' 83% Feb 90% 3% 105'A 102% 103 Ve 86% 92% 123'A J-D 8% Sep Hydro-Elec 5Yb 107% noy4 102% 98 99% 100 % 38 93% 105 % J-D 97% 98 V4 14 90 M-S 9iy8 92% 54 88% 100 Mar 6 Jan ...100 79 Apr 81 J-J 98% 1061/8 AIndianapolis Gas 5s A 1952 Indianapolis P & L 3%s———.—1970 6 Feb 81/2 July Feb 6Vis 104% , y4 May % Jan ...1955 C 1941 1 (Dec series 711A 25 71 >4 $107 .. 108 79 103% 81 81% 118 105% 107% ■ Sec— Power series A 6%s A7s 35 80% 4$112% 114 __ M-N 80% 80 80 % .1950 & ref 5s 100 79% 80% F-A A-O Mar • 102% 102% M-N '—1963 Jan 5 ——.1958 5s— 5s Service 1st lien A 4 ~xj 122 J-D Rayon 6s A glnternational Wagner Baking voting trust ctfs ext..* s 80 Va 68% 3 ——.—1948 A General 17% W Waco 78 171 105 •-i 69 100% 102% Jan Apr 7% Mar 83% 91 % 122% 123 93% 60 1 41 Georgia Power & Light 5s.———1978 % 41% Aug 2,900 30 45 Apr Apr 125% 69% Mtge Bank— stamped Gatineau 68% 101'A 82% 90% M-N 140 90 83 '■■///: AAA :: M-S 1954 5s_ Service Florida Power Co % M-S Residential Finland 68% F-A 5s——.1956 RR 120;, 85% 101 101'A M-S Light El District Federal 84'A 85 ;■ M-S & Lt 125 .. J-D 3%s—.—— & Power Water .. 5s—..4—4-—1944 Eastern Gas & Fuel 4s ser A...—.1956 Electric $121 a-o a; F-A Packing Elmira 1st 100 108 Va 110 107% 107% —1958 S f deb 5%s .1 PAn 6 109% 109% 102'A 102 »A 1st & ref 5%s series B Valspar Corp common v (Bait City)— 4%s Cuban Tobacco 1% Mar 100 109% r J-D J-j Jun 1% Mar 10c stock ,3 5% May. 14 Sep 1,100 1 Products 14 7% Apr 1% Aug Jan 8 common a3* J-D —1969 4.1976 Jan % July 20% Sep Jan Universal priority Sep Jan A Apr —_4___ 1971 Jan 4% Jan ;5 Feb 1% Universal $5.50 30 ,12 Apr * Universal Corp voting trust ctfs— Utility Equities 7% I;, Aug * Utah-Idaho 53% Apr 27% Mar 100 Apr A July May ii; 4% 50c B Universal 50 8% Sep 43 2,000 • Universal Cooler class A Class 7% 29% 50a United Stores common United 75 52 6% 29% 7% & */ ...• convertible preferred $7 700 Jan "V. : U S Stores common 1st • __1 Reclaiming 'V-A'ft V,.■/ (*. ■% ■ 51% 78 > 20 10 preferred conv U S Radiator common. U 32 '" • preferred U S Plywood $L50 6% Jan • Gas Gen mtge 3% "Jan U S and International (Bait)—r 3s ser P— Sep Mar i« , Lt & Pr N—— mtge Continental Gas & El 5s_. Cudahy 1% July ;V Co—.— series Consolidated Jan 25% May Gas El ref July A Sep 72% Mar I-' 3 6 •;• Apr 21 -JV- . Mar regis.. Canal Sharing.. preferred— ,10% Jan a\ 'A • Profit RR & Consol 126% A .... preferred...... Ltd- ord Sep Apr Jan 'F— V* f 20 participating United % 97»/a F 3l2 "" preferred United Milk Products Iv Jan 800 2,500 j'u »»■ • United Light 61 Power common a Common class B 15,400. 116 114 100 pfd % A 116 warrants United Gas $6 % * ... E_ j-d 9'a ' ' ..1955 coup • . 1957 9'% 9 '/2 $9% 11% 1 :'?/f 'C* 11% $9% • 6 : ' 10 5% - 11% 5 f-a 10 y8 ' 7% preferred Waitt & Bond class A Class B Walker * Mining Co Wayne Knitting Mills Wellington Oil Co... — West manufacturing Texas Utility $6 preferred Va Western Coal & 5 9 May 1% Mar 1.25 1% • 86 5 4 3% 300 l 3% 3 % 2,500 Western Tablet & 1st pfd__100 Stationery Inc com Coal Weyenberg Shoe (R Oil-O-Matic & Products Wolverine Heating Jan Iowa Jan Altalian . . coupon) 1941 . 5s . 6s & Power A Jacksonville 15% Aug 22>/a Aug Kansas 12 Light 7 f# Portland Cement see 12 page 1138. Mar 9% 125 8% 8 300 5% Mar 4% 200 • .. 2 1% "2 3.000 ■ 76% 75% 40% 411,4 . ..1963 1963 j-j —1942 -1942 j-d 46 1965 1965 M-s 106 (stamped) 6'/a 7% Mar Louisiana 1 Aug 2ya McCord 8% 6% Jun Jan 12% 8% Power ; ..a 76% 66 49 41 'a $108'% $10 — ; ' 44'a — 46'A 11% 11 65 78 y4 31% 41 'A 107% 109% 6% 13% Jan Jan Jan 6s Apr Mengel Mar 104 Jun 4 Jan 4 Feb 5 July 3ya Apr 1% Mar . 3%s—, ..1966 1966 ..2022 —2022 ..1969 1969 3%s j-d 10(3 M 12% 54 32 38 a;\ 8 105 107'A 106 106 108 $106% 112 | 120% 125 $121% 123 M-S 112 j-j 112% Dist Pow Pow ..1966 3%s___—1966 a-o $106% 108% 5s ..1957 1957 j-d 1091/8 109 Va 1948 1947 F-A & Lt Radiator & •i A- ' **. 110 112% - 1 conv 6 105 % 106% 107% 109% Mfg— stamped Co T''r" r+J: 4%s M-S $85 100% 80 88 89 98% 100% 100% 100% Mar Metropolitan 4s series Edison 4s E 6%s Valley RR 5s 4% Jun Midland 2'A Jan Milwaukee Gas Light 1971 1965 G Middle States Petrol 5s j-j '■■ j-j 6s & Light Lake Superior Sep 3 4% 1957 1957 .x, /I ,:v 5% 5 22 10% 10% Feb 94 '4% Electric 5% , < M-s Kansas Gas & Electric 6s 5% July — • __IIII~10 ~pfdlllOO I_io Mar 5'A July 300 1\ • 1952 1952 4%s__— Light Gas Kansas Power 161/4 May 5% i+J, 4% Aug 13 25 5% j-j Jan 50 ■■■.''XX 1952 1952 ..1958 1958 Superpower 72 12 40 1957 1957 1952 Power Debenture 611/4 May 21 ""1 Inc & Woodley Petroleum Woolworth (F W) Ltd— American deposit receipts Wright Hargreaves Ltd footnotes Interstate Sep 12 II.1111 _♦ Co Co Power 2% 95 (July 4 21 ~i0 Corp Williams Wisconsin Jan Feb 3% May A7s coupon) F series A7s Mar 70% • 20 Williams Wilson-Jones Jun 70% ....III 10 —..IIIIII. 1 Mfg River Oil C) 2% 2 Jan 131/4 1941 (Aug Jersey Cent Pow & Lt 3%s— Ry 7% Westmoreland For 3S2 Va May Coke Westmoreland Willson 100 200 Air Lines Inc Western Maryland Wichita % 1 Wentworth West % 1 A7s 4%s 1945 1943 —1967 A-O M-S 109% 106 109% 110 % 110%, M-N 107 1101/4 $109 M-N 98 y« 101 $100 % 100% j-J 59% 6i y4 22 105% 106 V* 15 59% 55% 64% 102% 106% THE COMMERCIAL & FINANCIAL CHRONICLE 1138 EXCHANGE NEW YORK CURB Last Jnterest Period Curb Exchange Sept. 25 Ended Week Week's Range Friday BONDS York New or 1st ref & Mississippi River Pow 1st 5s x 1945 s&National Public Service 5s ctfs__1978 Nebraska Power 4Vis— 1981 6s series A— --2022 Elec Nevada-California 5s Debenture 5Vis - A-O J-J 1956 1948 113 95Vi 96% - 49 Light & Power 51 74Vi 76% 123 65% 85 80% 78 8I1/4 134 67% 106 - 2 101% 106 1 109 108 108% J-J */ —.A A M-N 108 A-0 108 //A-- ■ ■ /. 2 108 101 :•; J-J 27 ' ■ 'A' ' — — • $107 M-S ■; 106 27 F-A $27 S. ' \ ;t '' •'••• *'' „. '•' ! 11% $10% 17 1951 1947 J-D stamped mtge 3Vis 1927- Oct (State) VrAA' 7s Sinking fund deb 4s 104 7 * r 28 20 100 3 104% 105% 107 No Cash par A Bonds certificates & L 5Vis ref 5s series C ref 4Vis series D Sound 111 9 1% 1% 10 J-J 1% 1% 7 , 1st & 1st & 116% 8 r-A;:/1 § Reported 107% 111% 111 111 ;A:A. ,■ 1 e Odd-lot sale, d Ex-interest, . $78 Vb .— __ 100 —A •'"'"A 70% "wi," Harbor Water 4Vis Safe San "cofl&," consolidated; "cum," cumulative; "M," convertible; non-voting "n-v," mortgage; 11 106 ,v v'«. -vY'-- - • , 2 104 % 106% 108Vi 108 Vi 19 105% 108% 3 132 101% 102Vi 44 98 102% 6 98 103% M-N J-D 100% 140 Below on $128 V'j; 2 A;/, 110% 110% 75 — A 82 108 112% 129 130 Estate Real ASchulte 1951 6s 1951 Shawinigan Water & Pwr 4Vis——1967 1st 4Vis series D 1970 3s Scullin Steel inc mtge Sheridan A:;::- • A/ 'V 'A..- Ar , —_1971 mtge 3s Indiana Southern f 100 80 99 % 2 86 102 M-S 102 ties & Total 107.22 September 21 107.27 26.75 11.70 107.59 26.96 11.82 September 23— 108.27 27.08 11.82 109.11 27.41 109.37 27.52 — Elec 3%s L & P Southwestern Utlll- Rails ties 92.35 53.26 109.52 92.25 53.20 109.53 92.35 53.09 109.67 90.27 92.44 53.23 109.69 90.33 105.94 106 A-0 | 2 23 106 — — 100 103% 106.00 105.96 36.31 105.95 12.07 36.67 105.94 92.46 53.42 109.71 90.38 12.18 36.79 105.93 92.58 53.10 109.73 90.33 55 5 50 % 60 ' ' '/■•■ 60 Week Ended 103% 106% 95% M-S M-N 97 16 88 58% 60 14 ' /'Iv/AA/'/ Stocks ' Sept. 25, 1942 60 60 59% 160 62 J/4 Standard 59 % 62 '43 77 62 1 1966 J-D 61% 59% 62 59 49% 61% 60 62 69> 49 (Hugo) 6s inc 5s_ F-A 61% 60 62% A-O 19 20 1946 A-0 J-J - 49 50 19. 4 W. 7-4s 7-4s 3d stamped™ tl2% 15 $15% - Certificates of Friday - Total 18 Texas Service Electric Power & 6s Light 5s 1956 A series Tide 1960 5s Water ._2Q22 5s Power / M-N . 10% , 15 16 — F-A 1968 105% 105% 18 105 J-D 1949 107 107 12 107 Domestic shares : /■ >/.■ 108% 107 1959 A-0 (Delaware) 5Vis_1952 United Light & Railways (Maine) — F-A — City Rapid Transit 5 Vis United Electric United Light N J 4s & ■ Bonds Lt & Rys A series 6s lien 1st & Debenture 91% 6 14 93 83% -A 84% 63 69% 6s 106 94% 94% 106 ' .1' 1 27 95% F-A 95% 95% 2022 M-N 91 92 118 118 1 A debs 1954 M-S 4% Ry & Elec 4s ....—1951 J-D $109% 111 Wash Water Power 3 Vis 1964 J-D $102 Penn Electric Penn - 5s Traction 82% lC-0% 5 92% 100 26 83% 99 142 5% - rm 102% 107 2030 A-O 102 102% 5 i960 , 5s 2% 5% Stocks, Number of 1942 J-D 112 112 1 Saturday Monday i Total 178,480 320,290 $4,509,800 $138,500 308,000 88 88 1 69 88 69% 71 4 56 71 stpd J-D 78 J-D 1947 81 80 2 78 81 11 Sales $4,649,300 10,466,000 15,730,100 15,409,100 319,000 2,000 16,602,800 298,000 27,000 16,927,800 470,000 1,000 19,070,700 14,515,000 333,000 6,000 14,854,000 $79,794,400 $1,866,500 $37,000 $81,697,900 of shares 3,253,136 1941 3,377,280 Jan. 1 to 1942 75,605,621 Bonds 1937 —— $1,000 18,599,700 1942 U. S. Government Foreign Railroad i Bond 521,930 700,900 Week Ended Sept. 25 99% 108% F-a 5s 10,158,000 Total Government Bonds Bonds 3,253,136 — 107% 117 F-A , Foreign Bonds 851,110 680,426 - Thursday Friday Stocks—No. stamped extended to 1959 Co United States Railroad and Miscel. 109 6s Rys 1,991,000 $3,760,000 $125,509,500 $190,606,000 Shares 108% 109% ' Newspaper Union— 6s unstamped extended to 1959 AStamped 5s 4,232,000 558,000 Daily, Weekly and Yearly //■■ 115% 118 Western IA York 3,016,000 26,000 Transactions at the New York Stock Exchange 103% 100 2 118 Wash income 167,000 1,000 $4,142,000 - Week Ended Sept. 25, A-O 1944 4Vis series -■ 84% 111% 114% $111% 112% 1 Total Light Co— gen - 108% Waldorf-Astoria Hotel— West - $4,072,000 —. Wednesday West : 69,000 Tuesday— A5s • - ,1941 1942 12,779,880 20.324,482 ", -• vV / •. $3,567,000 $121,935,500 $184,383,000 749,000 450,050 B6V2 101 106 $108% 110 84 1952 — Utah Power & ■ i - iL - Jan. 1 to Sept. 25 Co— Power 1st lien & cons 5 Vis United 727,000 $4,142,000 $1,000 118 107% 110% 110% 93 J-D Twin $69,000 107% J-J 1952 Toledo 24,000 7,000 $4,072,000 Foreign government— 105% J-J 1979 3 Vis Edison J-J $411,000 557,000 $1,000 744,000 —779,000 924,000 — /'S 5,000 V / 722,000 . Total Corporate $10,000 23,000 Week Ended Sept. 25 1942 1941 Foreign corporate——.. Texas Government $411,000 547,000 720,000 755,000 917,000 25 15 deposit 450,050 — —— Stocks—No. of 2d 118,445 96,790 — - Foreign 76% 17% Corp— Stinnes Thursday 76% 1946 AStarrett Corp .AA;/ — Wednesday—— Domestic 34,655 50,095 62,110 87,955 76% F-A 1950 Light & Power 76 Vi 1957 Dec debentures gold 76% 49 ' 1957 6s__. 6s 49 A: 75 62% 61% F-A 1951 6s Debenture - ' • Foreign Shares) Saturday Tuesday 61% A-O • Debenture Exchange Bonds (Par Value) of 106 42% A-O ...May 1948 May 1948 stamped - Daily, Weekly and Yearly 98% 102 4 56 Electric— & Gas 6s , Transactions at the New York Curb 103% 106 % $106% 108 F-A 1989 (stamped) 6s Conv 90.25 35.95 36.12 - 99% 102% Monday Standard 90.27 ' September 24 102% 104% " 5 101% 101% 56 F-A 1970 Bonds •: ' 2022 6s— Spalding (A G) deb 5s^ 40 / Grade Rails (Number Southwestern Qas & Total 10 Grade trials 35.97 11.77 26.81 Second First 10 /-v. Indus¬ 65 Stocks •; 100 17' 102 % A 100% 87 104% 104% J-J roads 86 16 A/: 15 Utili¬ Rail¬ trials • . 55% 77 / 36 100'/a 103% 103% J-J 53 1 80 99% 100 J-J 1951 4s Rys 80 A".* 54 A- 20 30 Indus- Af, — 10 10 (Calif)— Gas Counties Southern 3s 3%s Gas California Southern 1st Edison A-0 A-0 A-O 1957 1965 '*A 1970 5s^_; Power California Southern 1947: Coal 6s— Wyoming Carolina South J-D " —Bonds— Stocks ' September 25™ 54 vvif' tr:; ;>•: yC*••• :vi-; closing averages of( representative stocks and bonds compiled by Dow, Jones & Co.: September 22 7 81% ; the New York Stock Exchange as September 19_1~ M-S the daily are 150 96% 101 38 100Vi 101 81 J-D .'"r,Y •• 102% IO2V4 102 Vi 140 * Stock and Bond Averages 108% 1051/4 105% 108 Vi > "v t c," voting trust certificates; stock; "x w," without warrants. "ww," with warrants; 79% ■V.'*.-' V A-O 1952 Joaquin Lt & Pwr 6s B , J above—"cod," certificates of deposit; used 104% 71% 107% 107Vi M-N J-D 1979 ; 1 sales being transacted during current week. no in receivership. when issued; listed Electric— :—1952 A— series 5Vis Under-the-rule sale. n Cash sale not included in year's range, Easy Washing Machine class y and asked prices; Date— Queens Borough Gas & 15% 109% 1127/8 $105 J-D J-D M-S :i 1% 1% 13 $16 J-J Deferred delivery sale, a Ex-dividend, x 96% 87% 96 111 M-S —1950 1950 1 1 A 104% 106 — .!■'C; A'V" —1949 P 16% J-D being traded flat. 106% 108 107% value, sale, t Friday's bid 105 % 108 ' A-O perpetual 6% Puget 20% 10% J-J 16 ' Service of New Jersey— Public 15 5 20 16 ■ — B, June 26 at 2%. 104% M-N of Indiana 4s——1969 Public Service 18% 28% 20 1949 — 28% 13% 18 1 18% /--•A-' M-S 1921 15% 28 25 % 30 18% $29% J-D J-D 1919 6Vis Government 17% 9% 25% 1959 6Vis_. 13% 10 1958 A5Vis 109 A1-. v" ; 30 $28 18% 13 0 18 15% $28 A-0 7s Janeiro ARussian 108% . mi Of, ■ 1931 1972 Mortgage Bank of Denmark 5s "conv," 1964 1949 . 33 ■ 15% M-N 1 1927— of Public Service Co of Colorado— 1st 35 20% 12 M-N 61 95 M-N -A. 25 33% Jyl-S —1952 Mortgage Bank of Chile 6s de 15 ; 34% 108% 111 "A J-J 1956 1961 1947 1959 9% V $28 6%s stamped_1958 Alssue 97% 101% 38 :.A;; ./ 105% 108% 15 <•- 41 15 15 14% M-N $3 of May A Santiago 101 v&v 44 25 X ' : • High 25 107% 110 4 $104% 105% — 107 ll/> 114% 115 F-A 1950 4Vis B_ (Can) Corp 15 J-D i) 1958 7s Abbreviations F Sugar 7s stpd Potrero 43 J-J Alssue Co—. series January 1 Low 0. 43 $41 J-J 1953 »■, Waterways— 6%s stamped— 7s AMedellin — 101% J-J E_ High $41 102% 106 ";A 102% 102% 102% M-N Power 5s V 1948 Mortgage Bank of Bogota 7s A Rio 16 108% ——-—1970 5 Vis——1972 Philadelphia Rapid Transit 6s 1962 Edison Range Since Sold & City (Peru) A Parana 106 $100% 101% F-A 5s Port ALima 108% 50 1 v 106% 107% 107 A-O F-A 1955 1964 1977 1979 A A 14 § 109% 109% 109% 111% 101% 105 1105% 107% A-O Extended A 108%! 108% F-A extended Bonds Friday's Low ' L A-O —1955 5Vis Danzig 114% 115 $101% 102% 54 54% ■-A/ F-A ___1962 Aug 1955 1948 105 10 Vi 108% $115 A-O 3 Vis stamped ' 108% 111 111 J-J J-J 1968 5s^_- & Coke ACauca Danish AMaranho $106% 107 Gas 1 • Bank of) Mortgage Valley 7s (see AExternal 105Vi 106 J-D M-N $105 Power « $107% 108 V4 J-D Elec or Sale Price Bid & Asked 87% — Philadelphia ' 63 —' M-N 5s Agricultural Mortgage Bank (Col)—; A 20-year 7s April 1946 A20-year 7s Jan 1947 62 Vi 43 76% Pennsylvania Water & Power 3%s_1964 4Vis 42 A-O J-D Central Lt & Pwr 4%S—. Potomac 62% M-N 1st mtge 3s Park Lexington 5s 96% 42 12 1945 3%s B Week's Range Last Interest Period " 112% 114 57 101 1971 Oklahoma Nat Gas Portland 84 65 96% $112% 113 51 —1947 1948 4s .Friday . Exchange Sept. 25 ■ Bogota 51 1969 Service Curb Ended Week 124% 113 49 1954 Oklahoma Power & Water 5s 1st 106% in 49]/2 3s Public Penn 16 50 Vi Ogden Gas 1st 5s — Ohio Power 1st mtge 3Vis— Pacific 1112 9% 50% 3%s series A mtge 6 100% 98 J-D M-N —, SVis Nor Cont'l Utility 5 Vis Northern Ind Public Service— 1st 8 1961 .1948 North Boston Ltg Prop Ohio 12 11 i 107% 108 108 99 11 M-S Service— A Nov 1949 Y State Elec & Gas 3%S --—1964 Y & Westchester Ltg 4s 2004 Debenture 5s— .. 1954 1st 1101/4 112% 99 F-A F-A J-D M-S -i 6s series AIncome 10 Public Orleans New __ York New 1948 1950 England Power 3%s England Power Assn 5s New 100% 1041/4 1947 - New 105 % 108 50% 5s—— deb Conv N — Gas & El Assn 5s New Eng N 5s 5s Gas Amsterdam 3 10 BONDS \ — New 100% 105% 107 Vi 107 Vi V.: Foreign Governments & Municipalities High 8 103 Vi 103% 111% 111% X .... Suffolk Ltg 5s— Nassau & Low No. 104 y4 105 Vi 103 Vs J-J M-N Range Since January 1 Sold High 104 Vi 3-D J-D 1957 1951 5s—- Mississippi P & L 5s Bonds Friday's Sale Price Bid & Asked Low 1978 1955 4%s__. Minnesota P & L Monday, September 28, 1942 71% 81 industrial. 1941 104,964,860 $15,051,000 $37,000 $221,000 1,866,500 79,794,400 2,420,000 91,446,000 116,617,000 28,473,000 1,534,896,400 1,416,757,000 $31,114,000 $1,632,144,600 $1,548,425,000 80 71 & $5,802,200 Sept. 25 Total. — $81,697,900 Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4111 156 1139 OTHER STOCK EXCHANGES Friday Baltimore Stock Exchange Sept.*19 to Sept. 25 both inclusive, compiled from official sales lists Bastian-Blessing Co { V : ' i ' XL ' $ ■ • O 'A, !■. -i ; ». st*. '/:V. .v • AVVVV • Vs-' .. . '.-.-.v: Last. vA' ' Low Par Arundel Corporation Baltimore 1st Transit preferred Consol Gas Elec 653 Light & Power com—* 9% 10% 8% of Finance Co. Amer common 9 9 7% 2nd 4 —_100: preferred—100 preferred Transp—_——* 25 Vernon Woodbury Mills coin. 100 • 100 1.50 Mount 41% 21 21 % Preferred Miners _____ ________ Marine Bank—. National Amsterdam 21% Casualty____ 2 % 30 9% 10 6'/a Sep 26 Apr; 30 5</r preferred ser A 25 ex-warr——___50 — 2 29 77 Jan 16% Mar 21% Sep 39 49 Sep 5 25 30 Mar Cities ' "• Certificates of Baltimore - A V ■' Club Mar July 23% 21 % May .indebt 5'i>~. Transit Co —— —1975 4s_ 49 48% 102 49,000 -42*Jan 101% 102% 2,000 102% 102% ___1975 5s series 90% Jan 88 $1,000 26% 716 19% 1% 600 7 Va 12 3% 3 % 4% 4%. Interstate Bond 4,000 102 100'A 2,000 100 100 5'it———i-1945 Co Consumers Vtc Sep 57 7% Jun 52% 52 Week's Friday of Prices 23% 23 60 23% A 7% 1 ' Low Par Tel American Boston Tel & & Albany RR Boston, Edison _—25 — Herald-Traveler—. Boston 7% —100 — Maine & 13 13 x * Utensil Co Edison 11% 11% 5 60% 61% 2% class 100 preferred A—100 1st prcf. stamped—100 B class 7% class C 21% 60% 12%'i Calumet & ; 7': V 6% 1% — 7'$ Hecla % 17% 550 Apr % May 615 4% May 170 4% • 6% 6% 50 11% 11% 20 12% 13% 11% 12 6% com 30 common 100 9 71 •% Common ' —* Associates— Fuel 23.29 4% ■ 'iv; ' 4% • s 2% ;V .W 44 45 21% 19% 21% . 6% preferred B. , , Apr •'... Jan 4% Feb Lines SS Eastern Preferred 5% ? 1% 50% Feb Co__ Royale Isle Mach——10 Hole -4 Jan 70c 13 Mergenthaler Linotype——:——*' Narragansett Racing Assn, Inc.——1 National Service. Cos-————,—_1;. National Tunnel New England Ga§ & Elec 5 %'» New Assn—, 25% ; . 2 Va Apr Feb 10c Jun 10c Feb 70c 525 July Sep 4Va IV2 Sep preferred 3 4% Jan'- 4 400 111 May lc 495 2c x Aug 11% Sep 27% 2%. 2c 2% V 2% 30 May '2% July 7 7 —0 —— 83% 83% V2 Wa 20 2.50 Colony RR——————100 25c Sep ; Apr & : 25c Pacific Mills Quincy Mining Co Button Reece 4% Webster & Inc 18 24% 85c —* __———~*: Drill Twist Fruit United _——__5 Co ——A—* United. Shoe Machinery Corp.., _25 '6'U cumulative preferred—__A.—25;; Utah Metal & Waldorf Boston i'..' *' • 50 8 Va July 10 55 6% Apr 10 Jan Apr 275 50c 26 Va 27% 130 22 Apr 32 32 V: 33% 52 28 May 1% 54% 52 Va .54% 61 60.% *61 42% • 1,628 i 42% 25c 25c 48 . 11 ,, 200 Jun 50% Mar '•692 , 49 Mar % 7% 30 5% 1% (Geo A) Brick Income mortgage 4%% 39 ser .A—1970 39 3,500 —100 —„ Co, vtc Co -Friday Last Sale Price STOCKS— Acme Laboratories Steel Adams Aluminum Chalmers American Armour Aviation For Mfg 46% 46% 46%' 40% 40 40% * 2% common...... Co__ » & Co Corp common——— (Delaware)— footnotes see page 1144; 5 3 24% • A A. common West Corp United pfd conv ; preferred A—__•—_; & Hart, Inc., Ward A— Cylinder common common.. Co Liquidating Co common common Gas Northwest Feb Bancorp, Parker Pen 23% 24% 75 119 75 117% 119% 2% .3 2%" ' 3% 295 10 Coal High 1% 1 150 7% 2,405 Apr :• 5% May 1 % Jan 18% Jun 25 Mar 10% Sep 16% , 150 350 50 2% May Feb 3% Sep 40 % Apr 51% Feb 11 Jan 14 Jun 8% 8% 600 8 8 100 5% May 7% Aug •' 3 3% 500 Sep ' Aug 8 100 700 r; 6% 6% 50 5% 5 % 100 4 8 Va 9% Sep Feb Feb Feb Sep Mar 5% Aug Jan 31% 30 % 31% 80 27 Mar 40% 77% 75 77% 40 70 Mar 95% Jan 4% 4% 4% 650 3% Mar 5% Jnn 5% 5% 50 5 Va Sep 5% Feb 1% 1% 100 1% Jun 2% Mar : , 15 A ■■ : ■ • 60 11 20 15 35 9% 9 30 9% 26% 1,200 Feb 16% July Mar 35 Sep 12% 26% 90 Jan 23% May 27% Feb 250 8% Apr 2% 2% 3% 3% 100 Feb 2% 3% 2,100 2 Aug 2% Apr 2% July 3% 3% 4 % Jan _* 5% 5% 5% 750 3% Mar 5% Sep 100 % % 50 % % Mar 4 Feb % Jan 6% % May Aug % % 700 10 6% 6% 250 5% Jan Al 3% 3% 100 3 Sep 4 Jan 20 50 20 Sep 22 Apr 31 471 Apr 31% 3 100 ; 1 Jan Sears * 3 29% "if 3 1 7 25 19% 20 * * B— capital 9Va Jan Apr 27% Jan Apr 23% 200 hvU 20. 11% 150 10% 10% 1,300 12% 12% 50 1% 1% 13 v 21% 50 Feb 8 Apr Jan Sep „12 July 10 Jun Jan 10 Va 12% Aug 11% Feb 14% Aug 1% May % Jan 100 12 % Jun 14 22% 721 18% Jun 24 Apr 47 40% 39% 40% 250 6% 6% 6% 200 65 65% 143% 144 144 10 7 300 100 * common 3% May 13 1 common July May 103'a —10 7 Sep 3 15% 11 10% Feb 21 Va 10% , 1—5 A ;v.". 6% .7 10% 2 125 19% "7 23% 100 300 7 25 ;_10 36 5% Jun 8% 70 Feb Feb , Jan Jun Jan 160 56 Apr 20 x 140 Jun 146% Apr 57 Va Jan Jan 39% Feb -10 1% 1% 200 1% Aug 2% 1% 1% 400 lVa Jun 1% 10 10% Jan 12 Feb 50 3% Apr 5 Jan common • — Manufacturing Cummins Roebuck Jun South Bend Spiegel, * 31 capital—5 class Hosiery Mills Schwitzer ■ 20 * Manufacturing, common—50c Serrick Corp. & capital —4 4 1 7% Jan St Louis National 83 Feb 4 4 8 V, 550 54% 277 4% 4% 200 % 5 23% 2 capital common 11%' 53% • Works 11% — 1 capital Lathe Inc., : common.... 10 common, Co 5 class B common 30% 2% Apr 133% Jan 630 2% Sep 4 -Jan 4% Jan Stockyards capital—* 2% 42 Feb 8V8 Jan 43% May 57 Va Jan 6% 4 May 5 Feb 100 23 % Jun 33 Va Apr 200 2% Sep 4% Jan 20 41 Jun Oil 900 1% Mar 1 Common Standard 42 42 24 Jan 52 Jan 2 Jan 27 Jan Standard Dredging— 102% Jun Apr 8% common common preferred Jan .2% 1% 100 Jan 1,176 1,250 13 APr Apr 41% 49 Va Apr 400 0% 41% 37% May May Aug 13% 100 39% 70 10% 13% common Switch RR Packing Rollins Range Since January 1 22% Apr 3% Inc.,. common—* (The) Co Electric Reliance Mar 160 10 common common Industries Airlines, 6% 3 Sep 10 Va 48% vtc com Manufacturing Ravtheon 4% 32 5 prior preferred— Rath Jan 3% _I Co Apr 27 Va Mar 10% ___1 com capital Oats Sep 50 47 —* — Car 2 Jan 30% 35 Steel 4 Aug 8% 12 Va 13% • Pressed 100 Apr 5 Va Sep 12% 10% 10% common Peoples Gas Light & Coke capital 200 8% Sep July Jun 21 "l% Feb 2% 6% .__.5 common 42% 4% 4% Castings—-—5 16 7 common 29 V4 48 % Jan 50 Jan Low 50 10 Va Jan Manufacturers Sec— & Jan Jan Sales 131 10% 10% July 20% 1 common— Northwest for Week Shares 7% Mar * 75 High * ; Public Service preferred—100 Tel & Tel Co capital——100 American of Prices —.—25 common— common— Oil & Gas Co Advance Allis Co Range Low Par Abbott Week's 21% A_* North American Car common., Northern Paper Mills common^.' Sept. 19 to Sept. 25 both inclusive, compiled from official sales lists •' A 6% Jan 1 common— 4% Aug Sep 1 common Noblitt-Sparks Chicago Stock Exchange V'^A'V 39% July Jan 50 __1 common Preferred •■•■j. Jan 4 150 , * ^ Sep 40% 11% 100 6 % 1% 7% * common Feb 1% % 6 * • common Corp common National 62 % July 1 11% c 72 % May Jun Feb 46% _100 National Standard Jan 7% 11% 6 Va A—10 L. Packing Nabco 35% Mar 72'/a IIV2 1 — Pennsylvania $6,000 Apr 15% 3 Va Mar 100 15 9% Co capital— A Montgomery RR— 72%-•■ Sep 29% 1,007 200 14% —* common Mfg Material Penn 72% 8% 19 1% May 24% Apr 130 4 30% capital Products V 4 4 —* preferred Peabodv mortgage 4series RR—1960 Jan 3% July 13% May 35% Aug 50 12 Quaker 1st Jun 87 12 cla.^ B Harvester (W B) Modine Sep 46c Jan Jan Jan 450 15 common—; Co Steel • Jan 20c % 5 13 Jan 3% May 29 Va " 44% Aug 6 Va Mar 50 100 1% 10 common Minneapolis Brewing Co Jan 28 37% May 18 19 Jan 37% , _AA* ... Field $1 ' 7% .A —J—, 3% 425 5Va' 1%V ' 27%' 2% 100 8% _1 capital common—. & Co * common Drug Co common T/r Jan 8% 4% ... common Brewing Inc Fireman Miller BONDS Maine & 5V8 Dock • common common & Dr 4 .A:.* common—— Rubber Printing Co Middle 1% July 8Val 8% —i—* Inc —— ' ^ ~8% Tunnel———^A—1 System Bros Warren Inc (H W) Lakes Class Jan 90c 10 common Merch Jan Jun 1% ___* Mickelberry's Food Products Jan Jan Suburban Elec Secur common^----—* Torrington Co (The)——: *■ Union Corp McQuay-Norris Mfg Feb 18% —' 13% 13% McCord Radiator. & Mfg class A-—* Jan 50c Mar 13% 12 % Mar V Sep 550 common Marshall 13 Jan Jun 60c 17%; 21% 150 Line 8V4 May 101% 12c ' 17% Jun Feb 3 ! 200 : 10% Loudon Jan 14% 200 3% ___* common.. Libby McNeill & Libby •4% Jan 125 V 100 • 3% 8% Kentucky Utilities ji cumul pfd Jan 5 ;V;, V;v 5c 1,877 : 3 Va 22% 9% Sep 16% 90c •fx 22% 9% Co Common Feb 22% ■ 3% 16% Sep Ken-Rad Tube & Lamp— Feb 18 16 % 8 Vb 90 467 Sep 21% Machinery.,—_* Association, Shawmut Stone Hole Co Kellogg Switchboard Jan 22% _* 150 19 21% Katz Jun ,—.—.25 RR —. 11 20% Jarvis Aug ..——50 ————— Pennsylvania Feb Jan 21% Midland Old 2% 9% 11 5 common Joy Manufacturing Co Sep Sep 770 , Jan 39% Iron Feb„ 64c 24c 1% 6% Aug 9 Vb Jan 37% Indiana Sep 37% Jan 100 27c North Butte Mining 80 83 'v. 24c 7 408 ■ 85 100 120 r 18 common Masonite 1 % 10% 39% GVt 30 Jan 75 14 37% 4% '••;• V 252 V 13% 36% 2c 28 31 Feb 100 Motors International 4% Aug . 3% : Jan 6% 10% 1 Independent Pneumatic Tool v t Indianapolis Pwr & Lt common . England Tel & Tel A——100 York, New Haven & Hart ,RR—100 New V2 Mines—* & Jan 104 '/a 70 Connell— Brewing May 6c 100 70c 41 10c 200 30 2% 3 —-A_100 preferred & Illinois Central RR Sep 9% Feb IV2 300 - 25 20% May 305 .7C . 30 common—7—100 Central RR 5%' t Jan -3% Jan Sep 71 80% 32 % Illinois A' (Del)— 6% cumulative preferred—-——50 Maine 2Va 10c W v^VV/VV 4 —15 Copper.— Corp Lamson 7c A—A A.——1 ; Button 95 10c * Oil International 3% Jan 95 4% Mar 315 2% ,_*■ Class B Helvetia 25% 25% Jan 12% 32% Hormel Jan 30 25 Jan 14 Foods Horders Jan 32% 12 4,390 40 3% —* Hathaway Bakeries class A—— 8% 8% 11 <The)———♦ Houdaille-Hershey 81% 100 40 25% Safety Razor Co.— Gillette 8% ———* Association—. Group Employers * common— —— 25-;: Sep 14% Aug 13% 10% com„_ 1 common. Denver Heilman 23.64 July x Apr 18% May 10 93 24% ——100 6% Jan Apr 35% Hall Jan 7 41 V Jan 1 % Mar Sep 9 American Transp common—5 Finance Corp common >„ 1 Great 31% May Jun % May 60 .201 , 93 100 1st preferred series A—; Inc (Peter) Gossard 11% Aug ,20.80 May 28 1 % July 23% 10% 102 71 Gillette Safety Razor common Eastern Mass Street Ry— 6% Corp Goldblatt Bros Feb V- 105 ■%: 44% A——100 preferred Jun 5Va 45 .25 . Paper Hupp Motor Car prior preferred————100 % ii ; v ■ Cohn & Goodyear Tire & Jan 16 V. 708 ■ 6%: . Jun 11% July 200 . General * ,———-—* * 10% 30 23.29 —1 ——A Apr 2% 8% 90 - 9% General Jan 1% 55 5% (Alf) General Feb 1% 29 8% 3 100 , 12 „_25 Corp of America cumulative preferred General 14% Jan Jan 1% May 1%;. Feb 100 4.200 common...: Gardner Jan Feb 91 10% Mar 1% 10% • -5 —_—; Range Eastern Gas & 134% Jan 1% 63% July 3Va Jan Jun Feb High Aug 1% 11% Jan 2 Va 1% * 24% 200 Jan 45 1% common— 61 28 13% July 19% 8% Apr ' 100 2% Jan 5% Sep 1% 2% 19% _ Jan „ 13. 1% 8% Jun 810 Jan 1 Va 8% 50 19% 2 Fox 10% 33 1% —10 42 % i. 195 7 1% Feb Jan Apr 19% I common 760 60% 12%; 13 j 1st pfd Century Shares Trust— Copper 75% May % May 28 25 Corp Packing Eversharp Apr 217 7 1,050 common 1,474 22% •59 A' Providence RR————100 Boston & 4 22 % ':A,: 84 Va 83% sttftaped—;i—100 Personal Prop Trust.— * Boston 6% * —1 : 1st 8% 83% Jan fa 43 Sep Co— Dredge & Dock Co 101% Apr 70 21% 215 3 Diamond T Motor Car Range Since January 1 • 15% Jan Apr com—* common preferred part shares Fitz Simons 2,369 Feb fa Apr 950 • Decker Low • Apr 2,250 29% 10 common— Oil VVvV; 1 28% Jun sales lists High 117% 119% Aug 6% 12 Va 150 Jan RR— prior preferred— 5% • Ry._lSlA——_——-100 Boston Elevated Boston 118% 100 Sepi 2% Aug 13 Sep 41% j 60 8 "ill. * Electric Household Util Corp ________5 Elgin National Watch Co 15 Shares » 26% 3% 250 -fY. 100 Va Jun Sales Range Sale Price AAVA-, STOCKS— Jan Jan 4% 45 54% ■ 102% Apr;-;.J v for Week Last ■.•:/AA>A;. Jan Jan 2% Aug 240 15 % fa * common..... Dayton Rubber Manufacturing Exchange Sept. 19 to Sept. 25 both inclusive, compiled from official Jan 6% 15 May May 105 Feb 14% • common Co. Consolidated Sep Eddy Boston Stock 3% May 50 Dodge Manufacturing Finance Co of America 4% ——___1947 39% 1% Mar 200 1% 11% 50c preferred Aluminum Crane Co 90% pfd com common Corp Cudahy 90% $6 Util Consolidated Biscuit common.—. ^ , 25% » Serv West Corp Commonwealth ■v Line Connecting-—. 11 1% * Service Container Bonds Atlantic Coast 850 220 15% July Cannon Pub Burrell Chrysler July 49 1,290 4% 12 % Chicago Electric Mfg class A pfd—* Jan Feb A 25 28% 29 4% 12 5 Chicago Yellow Cab capital Seaboard-Commercial— U S Fidelity & Guar— common & South .Convertible Sep Aug r & Chicago Corp Sep 2.65 Sep Jan 10 A 28% May capital Illinois Cherry July 2.20 Jan 1.50 2,230 34% 1 Feb Mar 72 ; 13% Preferred Jan 41 1 f Foundry Central Sep 1.50 7.'; 100 445 10 Wyant Central Jun 32 22% May 53 49 49 Penna Water & Power common——_* AA v 120 Feb 3.00 1,665 15 .__5 Brothers Campbell Jan Mar :19% 100 A 77 41 & 15 % Sep . . 5% July A 50 , 1.50 77 i:—30 Merchants New 2.20- 2.20 Maryland & Pennsylvania RR com—100 . Butler Feb 8% July 28 v .22 A, ,22 .11% July , 8% 7%. Vaa 24,; • High 14% 34% Fence & Wire common— 1 Class A preferred— ._■> Burd Piston Ring common.—________l Sep 24% 25 Corp Low 14% 34% Jun 108 155 A-' 75 A-™.—5 7% Warner Range Since January 1 High 5 Brown Jan 52% 9 120 , 120 A 32 Georgia South & Florida 1st pfd—— 100 Houston Oil 9% : 32 32 Borg < Low Shares 4 common common Brewing corp__, Laughlin Inc common- Bliss & Jan Mar 40 A, 510 120 —— 17 % 96c 3.50 July 6,399 50% 10'A 1 ——20 Fidelity & Guar Fire Corp—x;———10 i:»; ,30c 105 Eastern Sugars Assoc com vtc——- Fidelity & Deposit 8% 6 High vV A Apr Jun 13 %■ 150 85c 49 % 50 Chemical Co common———1 Davison 16% 8 % 100 t c v LOW High 65c V 85c vtc—* common Aviation Berghorf Range Since January 1 Shares •; 16% —•—* . Co for Week Range of Prices Sale Price AA'M A STOCKS of Prices Par Bendix Sales for Week Range Sale Price .' Sales Week's Friday Week's Last STOCKS- of Indiana capital 1% 1% 1% 25 24% 23% 24% 849 20 Apr 1 Va 1% 950 1 Feb Sterling Brewers Inc common———1 .;!%, .... 1% May H Ji THE COMMERCIAL & FINANCIAL CHRONICLE 1140 Monday, September 28, 1942 OTHER STOCK EXCHANGES Last STOCKS— ,■ , ■, ■ common—-—5 Sundstrand Machine Tool common—5 Swit't & Co capital————25 Swift International capital 15 Texas Corp capital 25 Carbide Union U S United U S Utah ! Co common 25% 25% 815 19 % Mar 25% Sep 35% 37 VB 433 30% Apr 39 Feb 69 % 70% 228 58 Vb Apr 74% Jan 51% 52 Vb 110 41 14% 14% 192 37 - 18 900 V Westinghouse Elec & Mfg common—50 Woodall Industries Radio Zenith Corp Ford 28% Sep 63% Apr 81% Jan 6% Jan - 20 4% Aug 87% 14% 40 1,050 Jan 62% Apr Par & St San 4% 5% com——* New Co— Corp common L) Nash-Kelvinator common Paramount Pictures Inc capital 525 27% 55% 207 50 7% 8% 595 27% 26% 27% 1,192 6% 6% 6% 210 (The) "5% 5% Jan 46 Sep Consumers 67 Jan Jun 9 21% Jun 3% 7% 436 16 11% 160 16% 25 10 Detroit Detroit Edison Detroit Gray Jan 8% Apr 7% / 26 Va Jan Jan Cleveland & Eureka Vacuum 3% 3% 3% 700 14% 13% 14% 525 Co common 3% 39% 287 4% 4% 50 20% 20% 3 10 2% 155 39% 39% capital—25 1 3% July 19 Apr Jan 5 13% May Jan Apr 42% Jan 3% Aug 5% Apr 31 1 Yellow Truck & Coach class B—. 13% Mar 20 Va Aug 10% Aug 13% Jan ''.v; ' ' Motors Goebel Grand Lock Kinsel & STOCKS— 'j 'Jj Aluminum » Paper & Fibre * Preferred ——_ Cincinnati Street Cincinnati — — 73 —100 ? * Dow Drug Eagle-Picher Hobart _._10 ——1 \ 26% *.— U. S. Printing preferred Wurlitzer '•■ x •'. • Card——— Playing U. S. i- ;—— — Gamble & Procter Invest Rickel W) 59 71 77 Aug 1% 26 3% Jan ' 25 10 May — 22% 391 26% 29% Apr W—' % Apr 2 common Pattern S. Radiator 42 Va Feb 52 80 25% May 3% 100 2% May 4 5 4% 5% Jan 50 Feb Jan 10% Aug 1% Jan 9 Mar 1,173 1 July 220 30 Jan 39% July 180 1% 3 Aug 3% July 39 3% 3 12 25 10 37% Last * Diamond 218 60% 10% 8 .vl""-"* a. „ 8% 20% 10% Aug 74% Mar 222 55 1,838 10 Jun 6 Mar July . 8 • 50 11% Jan 25 L' Lwun-' 1 111 a • Goodyear Tire & Rubber ; 33% 100 2% Jan /; 19% 384 100 87c 5 100 , 56c 27 Apr 97c Feb Jun Jan 11% 11% 11% July 15% 1 % 11% 60c 60c 1 Sep 2 Mar 100 V. .•*; i' ■ Feb 300 2Va 11% 60c ....470 1% 2% 1% * 2 % July 3 Jan 8% Mar 118 47c 2,000 12% July Jan 75c Jan l'/4 1V4 1,700 1 Vb Jan 1% Jan 4 3% 3% 450 2% Jan 3% Aug a Interlake Steamship 30% a Jones & .-w U ' .1 ' a ' a 18% a for Week Range Range Since January 1 Shares of Prices 28 : : 18% 50c California 7% Corp Corp.— Oil Corp—; . Nat'l Corp Development Hupp Motor * — Car — 4 , 1 // . 17 a20c July Sep Jan Mar Jan Feb 6% July Aug 385 July Jan 39% July 8% Apr Feb 21% Jan May Apr ■ Sep 26 Sep 52 %C 12% Sep 12% 3;% Mar % Jan 1% Feb Sep 4 Vb Mar Apr 1,250 Feb 12c 18c Mar 35c Jan 507 21 4c 700 ' 22c '19% 64 Jun Sep :/ 50 12c 12c " 10c 3% 42c ' 300- % 20' Apr 6% Mar 11% 200. 4 a% Corp.i.—...10c Co—— 26 '42c 12% 12% ■' 317/o 50 569 884 200 42c .. • 4% 335 462 8% 21% 26 „ —————— Co.. Petroleum Petroleum 1 39% 20% 62 6% 53% 20 a8% Jan 2.45 Mar 130 a37% 21% ;V26 ....—• ——— Motor Car Corp— Intercoast a39% 10 12% 5% 17% Jan 15% Aug J; Jun 4 80 5% 350 19 4% May 200 66% 5% 350 Jan 13% July Jun 46% 645 ; Jan 8% Apr 9% May 210 • 3 a63% „ 4 common Co Honolulu Oil Corp Hudson 3 > . 6% 4% 19%//' • 19 : Bank..100 Hancock Oil Co common A. Holly 303 465 19% • & Co -• Rubber Co..——♦ McBean 60% L Corp Merchants Motors 60'A 1—— Co Products & 8 6% 4% Jan Jun 17 15 50 6% 4'A —* —1 20 14% a8% 14% — * _ — al8% al8% 14% Sep % 2 Jan 10 —a8% 5 —* Corp. 5% 300 50 . High 2.20 1 % May 7% 7% al3% al3% ....—100 . % July 114 __ common——' 1 100 ft 1.35 — * Co—— Packing Aircraft Cessna 1.25 - 1.35 July 5,620 1.85 -fa 1.35 LOW High 1.75 ' 1 Investment Corp Central Lincoln fc' 33 30 21% Sep Los 37% Feb , I' ; :• Jan 40 . *Feb 12 Jan 32 Mar ...10 Mfg Co Nordon Corp., Ltd..——: Oil Oceanic Co 1 1 1 — Clay Products.— Pacific Finance Preferred A Corp / 7% 21 1 Investment Co__— Angeles Pacific •• 28 V Sep 54 Corp Menasco Aug 9 Aircraft Lockheed Jan 44 28 7 1.85 ...__._2 Byron Jackson Co——— May 11% - „v, 100 , Sep Low 15% May 23 Jan July ' 150 30% a 9% V 9% — Sales Week's Sale Price ■ Inc • 7% 1.05 __ , 3c 25c ', .10 Apr 7% ■ 95c Sep 1.90 Jan 3c Jun 8c Feb 25c Jun 40c 390 1,855 3c '26c 300 Sep Jan 200* 3% Jan 5% Jan 11 % 11V4 100 6% Jan 17% 17% 17% 420' 10 Aug 11% Sep Feb 20 16 Apr 4% 4Va " :—10 ——— ■ 6 5,000- 7% 1,20 25c __ v ' common __ ' "' 4% ■ National Acme National Refining Prior Richman Bros. 1 — 16% 40 1% 1% 1,100 44% 45% 130 22% ^ 22 a ■; a ——. a ——— — 16% 45% a new preferred 6^0 '.' - ... a .22%' . . r Pacific 1% 36 May Jun 21% July .1,048 ~2% Jan 46% Aug 29% Jan 6% Gas Seiberling Standard 1 Rubber Oil of ——— Ohio....—. ——25 West Drug Res Inv ~i a a25% : ....... a30% a30% a 2% Apr 3% Sep 8% : 8% 5 25% a 1 85 8% 150 V ' ——— Stores— v Corp preferred—. mi 100 2./ . 2 6% 59%' 6Va ,59% ; 59% .... 100 -- 7 — — 11 New S 10 Graphite Bronze common—1 Steel • page 13% 13% Apr 55 Feb 2 July 8% Mar 59% Sep 249 27% 28% 30 26% 50 9% *\ common For footnotes see 13% 26% Electric common York Central RR common— Republic Steel common U Corp 1144. 14 46 27 — Inc..——_L.2 Aeronautical Co — ' , ' 140 9% Sep 102 13% Sep 47% 35 9% 17 7% a8 1 ' Solar Aircraft Drug Co———————1 Stores—. California Edison — Co — —25 25 25 3% ..' a36% 29 2 3% ■ ■ 30% 2% 3%' 17% 17% 41 41 28% 28% 28% < 1.15 Jun 1.80 34% Jun 37% ■6% Apr 8% 15c Sep 25c 6"% Mar 8% 3 May 5% 35 July ' 980 - Jan Jan Mar Jan Feb ' i' 9fl 174 j 37 .. — Jan Apr 300 3% ' Jan ' 35 24% Jan 30% Sep 1% Jun 2% Feb Feb Jan Jun 5% 1,824 15 Apr 20% 20 333 33 Apr 41 % 283 23 335 July 2% 24% Mar Feb Jan 28% Aug 27 Aug Southern Calif Gas Co Feb Southern Pacific Standard Oil of 6'fo Co pfd A California 26 29% 26 29% 15 13% 15 222 1,922 25% Mar • Feb Co * Ltd—25 — ' 30% { 160't 8% 3% : Aug 22% 200 15c a8 29 341 j 450 10 681; 7% 15c Sep 25% Mar 222 28 1.35 36 7% 15c Security Co units of benef interest.— preferred..; 6% preferred B 5% % preferred C 9%. 36 -= . . Original 141/4- 1.30 1.30 Inc..—...—, a37 Stores Safeway 1 .50 * Corp common—— Markets — 20 230 ; 28V« -28% com.— Mar Sontag General Oil Public Roberts — Southern com 20 preferred—. Richfield Ryan Jan 1% Mar 500 665,;' 20 .1 Warrants Unlisted— Addressograph-Multigraph Cleveland Lighting ■■ ■ Refining . ... Van Dorn Iron Works— Weinberger ■ ' Thompson Products Inci Warren 3% 100 25 —..25 common Republic Petroleum Co common.. 5 % 3% _a Electric & preferred..^ 1st Pacific * Jan 6% Apr Mar '• ' ■ 25 33 % Jan - ' • Sep Sep 15% 15% 21% a21% a20% a21% ' v-' . . 14% a20% a207» —15% .*/■ " Laughlin——— Kelly Island Lime & Tr McKee, A. G., "B". Jan Angeles Stock Exchange Corp Goodyear Tire & Jan ;•//. 120 8 •:/ ——__ — 2 2% Broadway Department Store Inc..——* Gladding High Jan 15 264 10'/4 58% a Rubber Halle Bros preferred Jan Apr V.;Last Accessories Aircraft General Range Since January 1 Low 20% : 10% Bookbinding Shares i 10'A 60% common—— F._„ 5% 1% Par Fanners High 10% 10% /. • Cleveland Cliffs Iron preferred B. Apr 200 Friday '. Electrical 20 3 America City Ice & Fuel Preferred 4% -Aug 1 STOCKS— Douglas Aircraft for Week Range of Prices Low Par sales lists Sales Week's Sale Price STOCKS— Goodrich, 700 9'- : 1% —— 30Va Mar 9% May 218 9% 1 1% 3 — Friday Faultless Jan Jan Sept. 19 to Sept. 25 both inclusive, compiled from official Corp Feb w- 6% 1% 50 — "B" Creameries of America———! Commercial Jan :,760 L Jan Products common Jan Preferred Cliffs Jan 1% common Consolidated Steel of 5% Jun ..1 Consolidated Corp 1% 23c 1% ——-..1 Los Chrysler Brewing Sep Aug 259 10 ; common preferred Cooler Aircraft Sep 601 29 VB 10 '• 39 .10 Motors _— 208 " 500 2 49 % 9% ' ' — — 200 1% Jan 28% .■ 9% !» Brands 15c 60c 7/4% May 1,100 - ' : Jun ...2 common.. Jan 48% .. — Gas Jan 2% 1% Berkey & Gay Furniture Co * Columbia (H Jan 5 / :iL. Rolling Mill Standard Feb 60c Jan 1 common Feb 8% 3% --10 Id Ice & Fuel 65c Feb 1% Apr 32 Va G% May 110 Jan 45c Jan 7% 6 % May 455 Apr 30c 100 6% - 87c Feb Feb 4% 100 ; 23 % 6% • common Wayne Screw 8% Jan 80c Jan v Unlisted— General common Prod Sep 5% 1,599 86 99c Jun 1% 23% * Blue City —— * Mtl U. 3% Jun Aug May 3% 1,704 Warner Aug 1% 68 60c 500 46c. 1% Jan 39% July 2% Jan 56c 52c 46c Jan 1% July 100 2% Universal 1V2 '• 48%. 50 *.'• 'm — American 52c 1 2 1% 1% May 30% 250 4% ,.1 3% Feb 7,420 85c 58c 4% 2% Jan 25% ■ Magnavox 6% 60c 58c 1 1 common 2% Prudential High /' 1% i com Sep Sep Sept. 19 to Sept. 25 both inclusive, compiled from official sales lists • Kroger 1% 300 • Jan 7 100 577 »' Jun 94 40 140 235 31% 1% 38'/a 5% 98 31% . —_—.—— 1% 37% 5% Scotten-Dillon 6% ■. , a "A" Jan 1 Udylite common.....; 3 17% 2% July 5% Simplicity - Jun 695 —10 common.— Feb 3 16% I 2% 2% 10 Corp Apr 6% V 100 17 17 3 9 % Aug 62 Sep 8% 16% ' 10% 9% 22 6% 6% : Apr 1 common Apr 61 62 50 Telephone Crosley Corp 8'/a 5 Jan 8% 100 9% 16c Jun 8% 8% 50 _ 9% 65c 4 : 4 5 14% 3% Jan 65c 19 95 % 1% 1 15 73 100 • • 105 72% . A v4 common 100 3% 3% i Cincinnati Gas & Electric ptd— 4 common Hone 16 6% 2% 16c 20 95% 95% .100 « Churngold Low High 6A'a 16 — 1% Mar .1 19% '• Machinery— 100 common 16 6% — Laundry 2 Parke, Davis, common Range Since January 1 . Industries American Champion Jan 2 78c 'vV',!;1 *" common Peninsular Shares Low Jan 1.00 Parker-Wolverine Range Par ; • 18% May Packard Motor Car common for Week of Prices Sale Price Aug Apr 57c common... Products Murray Sales Week's Last 9 Motor inclusive, compiled from official sales lists Friday •4% 15. 200 Sugar Michigan Sept. 19 to Sept. 25 both Jan 1,530 common Micromatic Cincinnati Stock Exchange 6,600 3 Oil McClanahan f 3% common... Wines Feb 1 common— Manufacturing Drug Salle Sep 1% July 5 common Car Feb 3% 15% common Motor . Sep 1% , 75c common Brewing Valley Hudson 95c 125 .. Sep 2% May 75c Brewing common Graham-Paige 19c. 200 Sep 3% Jan 15% 20 common— Finance 3 Apr , 8% July • 5 10 common \t;:V:•* Industries 19 6% Mar 300 J' , :i% . 4 Jan 5 Nav common General La 1% Mogul common Wood Hurd 10 320 12 11% 12 * 15% 100 3% 3% : common Stove Fruehauf Trailer Gar .1 High Feb 3 133 , 19c 19c *_l common Iron Detroit-Michigan Feb 10 V# Apr 2% 500 8% 16% July 20% July 25% % Corp common Standard Oil of New Jersey Rubber 3% common General S. 3% 5 common Milner, Jan 6% Aug Jun Crowley, Steel, Jan Jan 26 Jan 6% Jan 28% Apr 5% 1,770 9% ■/ * * — common—, of America common——• Republic Steel Corp common..— * Standard Brands common —_• U. 8 Continental Motors common 775 6% 8% 9% Radio Corp Studebaker 8 common... May 17% May 1 common capital Oil Co 160 Chamb Federal Pure 19 Jan 46 —5 • Corp— York Central RR Pullman 19 Sep 54 * Iron 430 5% 44 Vb Low ■ —__1 common Weather Range Since January 1 High 4 28 Va Metal Shares 4 Apr 22% May • 1 Electric (Glenn / 3% 870 5% 512 —, General Z 26%- 26% Martin Low Manufacturing common——• Burroughs Adding Machine. L, 0 25% 50 Atchison Topeka & Santa Pe com—100 Bethlehem Steel Corp common—. • Curtiss-Wright 1 Copper Mining Interlake Rubber for Week Range of Trices Briggs Radiator Anaconda ' Last Sale Price STOCKS— Sales Week's Friday Jan 14% July 8% Mar Exchange Sept. 19 to Sept. 25 both inclusive, compiled from official sales lists Sep 4 2% July 150 300 Detroit Stock % Mar 5% 4% Mar 700 53% 91 Sep Sep Stocks— American DETROIT Building Telephone: Randolph 5530 Baldwin Unlisted Chicago Stock Exchange . Aug 16% Jan 14% 14% common.. 18% Jan 50 3 Exchange 1% July Jan 11% 51% • Stock Jan 15% May 115 5% Detroit Jan 23 Vb '* 5 3 2 : capital—r ••"M 87%/- v 5% .• common Co Jr) - 87% Wisconsin Bankshares common (Wm 5 * ' — preferred—— Cumulative prior Wrigley ' 55% 119% Jun 16 71% Inc.—V; 1 % (New York Curb Associate York Stock Exchange Sep 53 H- 16% 28% 70% 14% Apr 44% May 600 Members New 54% July May 107% 300 1% Sep 7% 179 18 - • 699 - 109% 1% 1% « - 47% 46 Va 109 16% Common Jan §■} 20% 28 % Stores, Jan 25 14% '• 21% L—100 Co capital Watling, Lerchen & Co. Sep 12% May 19 14% ——• 1 Western Union Tel common Wieboldt High 7% Mar 20 350 5 • 100 -1 capital Transp common.—- Wayne Pump 5 1,485 20 preferred— Products Radio Walgreen 7% 6% • common cumulative Low High 20% common Lines Air Steel 1% Range Since January 1 Shares 14% capital Carbon <» Co Gypsum Low Corp Warner Stewart for Week Range of Prices Par .,x Sales Week's Friday Sale Price 10% Jun 30% July 14% Aug • 24% 24 24% 1,033 18 % Apr 24% 25 __ __ Sep Volume Numb'er 4111 156 THE COMMERCIAL & FINANCIAL CHRONICLE . 1141 - OTHER STOCK EXCHANGES • .. • • • v r- v • -. • • , ; • Last of Prices Low Par Oil Sunray Corp Shares - >■. ■:..; Range Since January 1 High 1% * , Sales for Week Range Sale Price • . * Week's Friday STOCKS— Low 17/B 262 1% St. Louis Listed and Unlisted Securities High 2% Apr Sep ' 2.5 Superior Oil Co (The) Transamerica a40 V4 4% 5 '.-v: Air- Western & 40% 28 9 4% 4% 2,170 all'/a ?. Corp Transcontinental ■ llVa 2 Mar 4 sm Jan 35% July 4 Va Edward D. Jones July '13% Jan v.- ' w ' Established ' Union Oil Vultee California, of Aircraft, 2.5 ' 1 Inc 13 -12% 'V^ V4 8 2,472 10 Apr 250 •V" 7 May 8%/ -" 10% Mar 705 Cons Mining Co— _10c Mammoth Black Cardinal Gold Gold Zenda ffe Unlisted Mining Mining 3c ' lc v lc 4c ■? 5c 5c 2c •'-V 6c Aug 4c Smelting * a39% Co Sep I 3 Aviation Corp Baldwin Locomotive Works vtc—- Barnsdall Oil (Del) 5 Vb Chicago Stock ExCh. jfefe May 175 r> 29 ;. ,,X.' / 12%.; 9% Jan 53% a26% . 28 Va Jan v/'i, 43% Aug ? Jun ■ 4 Vb .... 53%. 100 Jan 53% •" 285 26%. r:,;/ a257/e 39% ■ ■M'ii Co—.i-.fe.fe.— 4% V:<v • Co Tractor :v -i" 5. Jan 6OV2 Sep 4% 200 Feb ;C '• Electric & Gas —fe,-- Commercial Solvents Continental Oil Co Curtiss-Wright ..""'U—. # 2% July VB 1% 15 1 Vb Corp..:— 9% 60 23 % 23% 70 al Vs Corp—— 1 a9 :n^-li (Del). ^vi„: Corp -1 — a 8 8 Foods ; 32% 21% 28% •' 50 a277/s 6 V •20 135 a V-?" _ 65 L, 290 2 % IV2 May fe Falstaff Brewing common Hussmann-Ligonier common Jan Jan Common Hydraulic v International Tel of a Canada- « Tel & 2,^, X-* . %:■ ■ £y *; • 3% :: 4% ." Pressed Jan International Key 19V2 Aug Laclede-Christy 24% 27%- Jun Landis Machine 2'% 525 Apr Steel Clay 77-3 * 21% Sep 5% Jan 8 Jan 6 Apr 50 5%' 6% fa 3 6'/a. July 5 V Aug Sep 102% Mar 6'/a July 7% Mar 140 4% July 2% Mar 26 fe 120 Loew's Copper 0 a Robbins & York North a29 _ Inc McKesson Inc Central Aviation American ■' \ 1 Inc. North American Co. Co Packard Car Motor 12% 500 all % • Paramount Pennsylvania RR 64 2% 22% 2 50 a217/e a22 % 9% Jun 90 Piping Missouri Feb Portland 37 common Jan Common . ; —25 37 20 Jan St Louis Public Service 10 Vb A com Jan 32 Jan Wagner 2% Jan Electric Feb 13 12% 13% 615 9 % Jan 5% 5% 5% fe 5 5% Sep ; _ 1 ... ' Bonds— fe- 16 Vb July fefe8-fe/ 7^'77:~ fefe" 7y.i —:-7i .fefel common... 15 ... Sep 39 Sep •fe:fe 14 Va May Jun 12% 100 13 Sterling Aluminum common 8 Jun 14. 25 ;fefefe;fe: 10:' 8 6% 6% fefefe 25 24 14 5 21 Sep 6 % Jun Jan 8 Feb 143 Sep 6% jf4:>4 Feb 200 25 15 Va Mar 12 Va Jun ' 13 V2 14% Mar fe ■ 13% ft fe. ■-„*. Jun Mar 14 common Cement Apr 8% " 7*** 'iVfej'-fes' < — Supply & National^Candy common Rice-Stix'Dry Goods 2nd preferred. .100 Mar 30*/4 July 6% May 455 16 VB 12 Midwest Feb May 7% 211 8% 16% a -.50 Co— 8% 2% 1 6% - 10 Vb % 40 V2 Apr 25% Mar 12 % a7 2% . Pictures, Inc—— 8 M 34 V4 IOV2 May 100 9% 37% /' 100 30% a8 a « Co > 12% » Oil 17 42% : 30% , . '„•••: ♦ Ohio 42% 20% May 47: a .re. 0 RR 29% a ; * Ward & Co—xfe——_ Montgomery New • Corp,,_ Sep 17 Sep ' ' Kennecott Apr 5% 'fe Jan 6 Feb 6% Feb • 4% July 14 V4 165 32 May 4% 285 8% Jan ' 286 14%' May 100 45 :fe-:fe:cfe:25' 6 8% 4 15 " 29% 14% 6% 18% 400 fefe;-fefe 100 5% '■fe 5%"-' fe: 14'% 'fe- * common 16% Jan Jun 6% 6 51/2 25 - May 10 29 fe'," '6 -fefefe .20 — common 10 100 3 29 V* 4 - Feb 4 fefefefe-v 110 - 4% 5% High 33% July Sep 21% 100 ■fe; Low 28% 3 6% ■■ ; Range Since January 1 '' 45 140 13 common,,5 Prod 7A t :'7 fefe: 4% 100 pfd-- common— common——, McQuay-Norris 4Va Sep Jan Brick Shoe 13% Mar . 13 21 « common,—-I——fe„_fefefe Co Laclede Nickel 13. 6% Jun V': International 3 ■ 28 V'b Apr 29. 21 100 77' 7'2.7,: - Shares High 1 _ . Huttig S. & D. preferred. 2M'4 Apr _ Sales 29 . J: 22V/4 • for Week Pricesi;. Low - •" 7 9 of 10 Co__ Bottling common....... —,1 July \ Electric y'4 Coca-Cola 8% July Jun 24% V" ' Exchange fefeSfefe <1 common Ely & Walker Dry Goods common. -25 4 Bmerson Electric common... Apr 23 Apr Xw,- . CEntral 7600 ..:,fefefevfefe. .fe...-:.'-.;. ' Range fe-fev < Brown (Shoe • ■». (B F) Co——fefeife~fefe T 22% 26% 32% ...'"Av - _ . 160 26% • Co Corp . a22% -»i— ' :.vr Electric General i. - a21% Class A General 8 ■ Bell Teletype SL 593 Week's Sale Price STOCKS— fe-fefe;.;:.; ;.;fe -.-fefe: :'fefefe;::.:/:fe- fefe:: -fe: Par V fe'; *V v v Sep 38 8V2 Mar 17 % ' \ fe." 1 Postal Long Distance fefe;;. ' Feb 5 33% Mar 17 34% a2 • - ' Last 7'&';7'S -feV'-.r-'"•!-.' fe'fe -fe-fefe■ 24 Vb July Jun.' 55 2 a33 % •' • _ Co >** fe': ' * Friday Jan ' .:•* (fev/fefefefefefe/. : . fe Phone • Sept. If) to Sept. 25 both inclusive, compiled from official sales lists Feb 10% 39 % . i-. 22%' Jan - 'v.•'.I* • Chicago Board of Trade Jan 13% 8% May 40 AV"'• V* 7-1 ■'>. *[ , St. Louis Stock 129% Mar 10% July 20 70.; - / 2% L100 34V4 » 5 Service Goodrich >•■. v Sep , Corp. Pacific Ry. Caterpillar Columbia *♦. ... Members New York Stock Exchange Associate Member Chicago Mercantile Exchange New York Curb Exchange Associate - .> Century Cities •. ' .• 39% July Apr 24 a34»/4 W*:>. Corp,,_ Steel Borg-Warner 103 a9 % Bendix Aviation Corp,,.___i,__ Bethlehem 39'/2 July no 315 3 Ve 12% a 5 Jan 270 3»/e V b 46 a44V8 -y 13 Co 320 • 26% 26% •;\■ Atchison, Topeka & Santa Fe Ry,_ ,100 5% 40 % a39% all7% 119 Vb all8% —50 Copper Mining Co„t (The) 5% ■ 4 f Refining,,, & Tel Tel & Anaconda Canadian ; St. Louis Stock Exchange July 5c 4' • ;.'2,750 ,'V. . Jan 3c '.Feb 1,000 • Apr lc 1.000 • . Stocks— American American ' V Co——•— Radiator & Stand Sanit, American 3c - '.I' :;-\; ■$'' \ 1 Co Z' '.V'" ;V" • Olive St., ST. LOUIS ''-v.'"*' ' fe Mining Stocks— ife Co. & 1023 Sep 25 Sep 91% Sep ■ 22% Aug 20 St. Louis 90%: 91% 1959 PuJj. Serv. 1st mtge 5s $11,000 ' Radio Corporation of America Republic Steel Corp * —C Standard Brands Oil Studebaker 14 ' &8 ... 'Vr.';; 'f. •Vyi s 7% & Texas Tide (New Jersey). Corp CO Lines Aug Jan 2% 241 17 4% a2058 Oil —10 8% 20% 36%^ 8% 14% 29% al97/8 20% 47% 47% -5% 6 Vb ■ :4. Corp: -» .. Inc.—a— 5 Westinghouse Elec & Manufacturing,50 Willys-Overland Motors, Inc.— — a71% 40 70 ¥« 14% a277/8 Transport Pictures 4% ;;:fel<%fefefefefe:fe^ Feb 1 Vb l'/a Apr a71% Mar 8% 100 Jun 34% Jan Jan 17% Jun 55% Jan 16 Vb (-95 401 ' . 4% May 300 .L.-:,/, 58 ;r 1% : 6% , 1 Sugar Par , Ink California Packing • Preferred" Jan — Eureka 5V4 Chemical Clorox Philadelphia Slock Exchange Creameries 25% of America common— 1 '■v7';y77tfe Friday' 'fe- Last STOCKS— f <l ',Vt 'J '' 7, American Stores American Tel Bankers Low • 100 Budd (EG) Manufacturing common Budd Wheel Co Electric Storage General common..... common., Lehigh Coal & Navigation Lehigh Valley RR. 101% 14 12% 60% 62% •,fefe';- % % 260 31% 39% 22% T20 4Va 3%' 4% Feb El Jan Emporium 16% Jan 3% Jan Fireman's Fund 7 Va Feb Food fe f7"\ 50 75 31% 9 Vb 960 14% 23% 3% Jan 18% 29% A Transit United Invest Corp $3 Corp preferred $5 13 V4 4% 7,921 99% 100% i -' 2 ' * '-4"' 3% » __ Westmoreland _ Inc. Westmoreland _ Coal 52 , 110 24 182 22 110 16% 300 fefe 4 V« 4'/e . 4Vb 2,90 .. 85% 66c 4 29% ' 700 : 6% 3% Hale Hancock 3% Jun Hawaiian 24 Vb Jun Jan Jan Jan Holly 116 Feb Jan 100 360 23% 20 Ve May 1% July Jv"\ ; 12 43 Vb Last Aug 37% 768 31% Jan 39% July 3 % Apr 94 , - Salt 55% Jan July 16% 3% Jun 5% Jan 106% Jan Mar 92 Mar : . ' 10% Jan 208V 15% % Aug Jan Jun 12% Aug 22%. Aug March 5 % Vi> North -fe fe 13 W: •K~i' * ''--fefe Gas * Walker Jeanette Lone Glass Low 17'% 44 36 37% Jan 100 Oil 21 — 1% ZlO common preferred, 5% 300 1% 1,060 % 9% 8% fe National 9% 50 7% 7% 100 12% 12% 15 50 50 Z+ 7 ; ; G% Radiator „ Pittsburgh Plate Glass United States Glass,, For Air footnotes page 6% 5% 35c 100 477 725 1,302 fe-fefe ; fe 6% Sep Jun fe; 7% July 4% - 14% & Electric Co 1st 100 3% 12% 555 7 400 90c 340 23 8% Jan Sep 20 18% 28% 25 preferred Light Corp common, Pacific Public Service 1st ,100 Preferred ,, , — .. — Puget Sound P & T common 11% Jan R E 9% Feb Ravonier & R Co Ltd preferred Inc Aug 7. Feb 3% 4'/a 368 3% Aug 40c 100 15c 14% 861 14 . July Jan May Oil Feb Ryan Aug Signal Oil & Gas Co "A"— Jan Soundview Sep Southern 5VB . l(j% July 1.35 - Feb 4% Sep 2.15 Apr 20 V« -fe 2,788 15% Apr- 20 Ve 28% 1,496 24% Mar 29% Jan 26% 380 22 Mar 27% Jan Mar Sep 847 21 4.95 22% 169 90 Mat- 97% 12% 12% 375 11 Mar 14 July 81% 82% 149 72 Apr 101 Jan 142% 142% 45 119 Jan 29% 305 Apr 22% Mar 146 29% 8% 8% 445 8V4 Aeronautical Pulp Pacific 402 Cop Union 19 VB Feb Universal Oil Co ' % 25% Aug 31 Apr Co Co. — •' ' 11% Jan Jan common __ Co__ _ of California. Consolidated Oil- 24 Mar- 26 Sep 11% 600 10 Mar 13 3 8 Aug 7% 292 Apr 85e Jan 5% Feb 200 6% 3 % May 3% 3% 18 Va 13% 14 1,391 12% Aug 200 14 Jun * 14% 13% 15 3.540 10% * 24 5 b 23% 24% 3,304 18VB Mar 4% 4% 4% 3.201 4 Jan 12% 12% 1,259 10 May 6% 6% 225 6 Mar 2 Corp 31% 279 lBV'a 'i ' _ —25 10 , • 61% July 154 26 18% : « _ Jan 59 11 14 ..1 _ _ 29% July 15% Jan Sep 26 7% _ _ ■' 58 59 " - 1 _ Standard Oil Co of California,, Transamerica ' ' :: 8 —25 - Jan 6% Mar 3% May Jan 28 142% .100 ,100 _ common 6 73% July 29 25% « Corp 70c 8% 20% May = Sep fefe 7:; fe: Jan Apr 97 fe.-. ' • ft preferred,.— Richfield 55% 21 27% — common Jan 155 Sep May 95% ft Paraffine Co's .... _ — Jan 60 190 Sep 23 25% t. Pacific Tel & Tel common Jan VB Feb Apr 96 • 0 pfd 1% 8 Jan 9% ' Feb Apr 1.90 95c 25% ... * <1 45 Apr - Jan 28%' - —-— Rheem Manufacturing Co 4% 25 809 Jan fe/ Jan 5% 10 ' Sep 5% 16 425 4%fe 2.20 17 23 10% : 1.10 Jan 26% .,25 — Jan 6 4% 2.05 Jan 15 Aug 6% Apr 407 24 Jan Jan 5Va 90c 20* 6% 10% common __25 preferred 16% 35c -'fe'fe 4% 27% 95c . fe- fe;.-. 110 21 24 2.05 7% , ■ Sep Feb 24 Ve ' Aug L.20 90c ' 31% Jun 188 Sep Sep fefe44. Mar 4,971 1.05 ,—5 1st Pacific ' - : ft i Aggregates Apr 8% 14% High ft. ' AA. "B"— 12Va 71% 40" „ " 22% Sep 8% * ' Apr 5 6a% 71% * 1144. 5% 35c . 10 1 Brake see 5% * ,25 Pittsburgh Screw & Bolt Corp Westinghouse 9% 30 class Filters _fe. 16 15% May 5 13% 6% 10 , $5 Dividend 16% May 8% * „io common 170 5% ■ Star Gas... fe Fuel Supply, Fireproofing Corp 17% Co,, 1st preferred 5% Range Since January 1 Low 5 _* Mountain National Shares :fe--. 1% 5% * _ Refrac Sales for Week High 16% 6% 5 % % 4 Feb 13% May 2.20 5 21 10 — Cons 50c Sep Mar 19% July 250 • 916 22 •' 24 2,550 90c .100 . Moffat Coast July 8 V'b Mar 10 v Insurance Pacific Gas 8% * Dusquesne Brewing \ Range preferred——100 Copperweld Steel Harbison Pacific 14 Apr- 6% • com., .100 100 preferred United Oliver Sep 12% 13% • . American Feb 100 1.25 « preferred 13% 26 16 4% Sep Aug 40C . 1,593 21% Sep 13 May 110 4% 1 fe Sep 11% 18 110 20 Jan 29% fe 10% fe 12% 22 Manufacturing Co common—1 6 '/(■ Apr 12% 21% 41/4 5 Investment 10% Jan 6% Apr Apr 44 21 y4 Co Jan 16 common American Sep 95c 42c. 22 Natomas 34 42c .' 1 Menasco Apr 12% fe-fe;;rr—• 7 . 108 8% 185 . 29 Calculating Machine, North 10s 12% 12 Vz 10% Apr 25% , 240 . 26 —1 > 420 10% 29 Aircraft Corp Co 13 29 Magnavox Co., Ltd,—— & 2,000 26 ;wU'fe:;' :: # ,138 11% 12% 13 4% 29% 11% 10 Co Lockheed Jan 4 Vb 29% ' - 50 — Libby McNeill & Libby 11 fe ' , LeTourneau, R. G., Inc 35 •f »". Preferred Sep Jun 20 of Prices Par Electric 83' 40c "A"——- Langendorf United Bank Jan 20 822 12 22 Week's Friday Sale Price Co Jan '.«25 28% •- Corp capital- Jan If) to Sept. 25 both inclusive, compiled from official sales lists STOCKS— Gas & Jan 36% 150 • 1 3% J ■- ft . 7% Mar 15 V4 May 342 fe'fe' 1 — « ;Jari July 32 60c 4 V» ■ Pineapple Co Ltd,— 36% ; Apr fe Apr Pittsburgh Stock Exchange Columbia 5% fe 12 . 10 34 & "A". Calif Sep 2.50 Mar 37% — Inc,„ of Sep 32 60c » Development Leslie 25% Co Jun 4 ; 34 ft 15 Apr Oil Honolulu Oil Jan 11% Stores Bros Jan 80c Feb Jan fe.'fe AV- e O'Connor, Blaw-Knox 2.10 Jan Jun 88 ' Jan 6% (36/fefe: ' Arkansas Natural 15% 7 3% 11% -■ ■ 94 10 common 10% fefefe: 239 20% ; 20 Allegheny Ludlum Steel Jan : Sep Jan V--fe ■ ■> Corp fe fe: Sep 1.65 515 12% 12% 36 Corp common,, Greyhound 33 24% Mar 66c 150 . Jan 23% May Sep 71 ... 2% 2% '>V.. 25 Ltd-i-— Sep Aug 2.00 Mar 76% 308 , 32 -2% Golden State Co* 52 26 Sep 10 1,262 vfei . Aug 2.50 Mar 200 . 11% 3% 60c Jan ' Mar 16% 19% Apr 24% 80 Sep Jan " •; May 33 12% 1—, .fe" 21% Mar 23% 36 common—J.— /.it.—-X— Occidental Sept. 50 500 83% 2% 50 common Jan 5% 35 - — common Aug . 16% Mar 315 , 65C r :4z; « common Insurance Co, Corp Paint Preferred fe fe.7% May 135 3% Jan General Aug 10 % a preferred Co warr). General Motors Corp 32% 170 12% : "25 .. preferred United Gas Improvement common. (with Jan 4 Tig Jun 25% :v- r' « Works,, Capwell Kieiser & Magnin * participating,— Oil Machine Foster Apr. 100 48%; Jan Tacony-Palmyra BridgeClass Dorado Preferred 3 110% Mar 219 20 Jun Feb July 5 Apr 2% May 95 2% 34% 48 VB ; 27% 100 20 . 40 Apr 337 2% 48% _ 33% Jan 21% 1,805 23% hfe'-.p.. 28% Apr 297/a : 2,420 33% 2%. • _ 3% 22% 14 23% Salt Dome Oil Corp Feb 63% July % Sep fe 1% 8 Va — 3k 2V4 31 Va 9 ' 50 1% 3% - Jan 120 3 114% 115 -•fe'" 44% 500 fe 21% 22% ... — 12Vb 134% 8% 'fe 3 • Jun 25 40 ;fe 66c ( ■'- Co,,, Manufacturing - .4 60 „ 18% 2.90 ; 2. 100 Doernbecher :;v; ^'fe 85% — 'Preferred.- Sep Apr ' 5% Sep , -' "440 1,188 22% : 1% Scott Paper Sun Oil 1,400 37 39% v & Reading RR common— 2nd preferred 384 30% \ a - Corp 2% 6 :. 2% Phtlco Jan - -.27.'• 11% Giorgio Fruit Corp common,— 2V8 May 382 6 ■ ■ ft .... 13- 61% 8 50 . Power High fe, ' Light Pennroad Corp voting trust ctfs ~7i Pennsylvania RR Philadelphia Electric Co 4.4% pfd -100 Philadelphia Electric Power 8 % pfd .,25 National 9% 148 ■ , Low „ 2 Ve —_fefewfefefe(NY) High 579 12% C Battery Motors Hardart & Di 45 5% ' 16% 5 Co fefe' 2 VB Mar . -5 Chrysler Corp Curtis Publishing Co Range Since January 1 Z Abbey Cypress Shares .7 2% * fe- •. 10 Va 'fe-fiv ■ Ilorn 10 Va 118% preferred—— -150 Preferred 77-:77777- 117% 119 Vb y v.Cfe Tel,^ & Sec Corp '■ forWeek of Prices Par V.«i'rr* V * Range Sale Trice v ''Sales Week's . - July 3% Mar < 33 *; 'y\\ * 77;^7'. 7330 25% %.1 fe — 170 9c Apr 700 2% 65c common,— —.1 Zellerbach Corp common— Crown 6% 4%. 18 10 — — 7% 2% Sep Jun fe-fe Jan 52 Coppermines,-w-:—, Consolidated Sept. 19 to Sept. 25 both inclusive, compiled from official sales; lists 18% 1st pfd, —25 Elec Aircraft Consolidated 3c 5 common—! Co,,——— Coast Counties Gas & 500 27 preferred- —25 Co Mining 4c 2% ' —50 Water Service California ■Vi High 2.10 Apr- 4% lv.Cr:, t) Corp common— 1% 7% 7% (jrr-T "A"—— Low 149 4c capital Co Range Since January 1 1.35 July 4,600 2 Va r .20 common—— Shares 1.85 2 Vb , S'fcfe'w** v' 77777. :fe: y:77"77'.'7:7 fe ':'"Vfe" v' for Week High 1.75 10 Mining—— fefefe Sales of Prices Low 1.80 6 California Central - - 1 California Art Tile Jun 1% % Mar > _50c Gold Juneau Calamba Sep 71% 70% July 300 ' ;• American Mining Corp—— Anglo California National Bank— 7 20 10 Associated Insurance Fund, Inc.— Sep V •.• Accessories Anglo Feb 14% t 27 Va July t. Alaska Feb 64% 45% May 150 ;*.v Aircraft Jan 10 8% Mar Sale Price STOCKS— 36% July 62% Mar 265 vo, 24% Sep 31 225 V • 71% 1% 1 Apr £ 20% 147 8% a69 Vb * Corp 4% July Week's V Range ."-Friday Jan 5 36% Co——— 40 V2 Exchange Sept. If) to Sept. 25 both inclusive, compiled from official sales lists Jan 5 Apr 31Ve July ¥ 200 4% 20 V's V — Corp.. Bros Warner 8% 18 Vb 3% United States Rubber Co U. S. Steel July 6% Mar ' — ■ Assoc Aircraft San Francisco Stock 17% Mar 55 13 Vb May 1 Union Carbide & Carbon United : ,a39% 139%> r - —1 ; Air Jun Apr 120 16% SVa v,g-■ 25 , Corp (The) Water 3% July 13 % 44 4 Co United Feb 225 8% Superior Oil Corp (Del). SWift '150 14 16% a # Inc yz 54 - 2% ' , Railway Co Standard 13% fe 170 3% a53% a # Sears, Roebuck & Co Socony-Vacuum Oil Co, Southern 3% -- Jun - 20% Mar 17% Jan 15 Sep 24% Sep 4% July 13% 7 Jan Jan rHE COMMERCIAL & FINANCIAL CHRONICLE 1142 " - - - t • v Monday, September 28, 1942 ; OTHER STOCK EXCHANGES Friday Last Sale Price STOCKS— Low Par Western & Steel Pipe 21 Kenn Copper Corp Jun M. 270 Jan Montgomery Ward & Co Sep Mountain City Sep New Central 13 % Mar 120 21 Jan 3% 16 205 May 7% 7% 60 6 Apr 7% 17% 17% 225 13 Jun 17% 219 2 Feb J. & M. York Cons.— 2.30 "Unlisted— American 14 American Viscose Corp. Anaconda 27% __ Aviation Blair & Co 28% July 28% Jap Va 9 — — 50v' 9 ■y, 13% 13% 45 31 Sep 4 Va American Co Onomea Motor —50 Pennsylvania RR —Y—— # Pullman, Inc..' capital—LY__Yy.— Radio . Shasta Feb Socony-Vacuum Oil capital -—^— Jan So Calif Edison Ltd 11 Va Jar- 6% Co common... .'ivc 8 .15 . 8 Apr ' 2 Ve Aug '•'V'2% Apr Standard Brands 11 Va Mar 14% Aug Standard Oil # of N J_. • ;_i_—__ ...25 * • Curtiss-Wright Corp.— 1 * 6 May Jan United 29c 45 24 %c Apr 31c Sep United States 26 % 26% 549 22% Apr 28 Jan 45c 45c 100 30c Aug 75c Aug Utah-Idaho 4 Jan Westates Hrfobs Idaho ...* "B"_—_ Co Battery Corp Mary Mines & 27% 3% of Nickel Canada 1,000 8% 2.00 Mar 175 2.15 2.10 2.10 1 _* International Tel & Tel common..—_* International 125 8 25% July 27% 2% 461 4 27% 4 Jan CANADIAN MARKETS Sugar Co Petroleum :v 5 ... Western common.Y—_ 6c - - V Sale Price STOCKS— Par Tuckett Shoe Pacific class Grain 12 Preferred Shares 50 108 0 26 260 25c 26 preferred— Sep 13 Preferred Asbestos Bathurst Bell Breweries Commerce Jan Montreal Power & Paper A TLA: Class B Bruck : Silk 42 16% Aug 19 Aug 17% 14% 124% Aug 150% 160 10% 128'/a 130'A 137 11 0 1.00 y ■ 1,240 6% 64 i; 20 _* Bulolo Gold Dredging—.—— 7'/a 5 . May 22 : 1.00 Apr 4% 50 4% Jan 5% May 150 11 Va Jan 13% May 245 7% Canada Cement common * -1 Preferred 4 100 5 7% Canada Steamship commonj—* 7 b% preferred—— 50 Canadian Car & Foundry common • T/o preferred— participating 7 28 ■. 1.00 Mar 6 28 V 12 6 Va 25 % 260 25 preferred Canadian Class Ind —L Apr Jan 1 B Canadian 20 25% 150 24% 85 • Pacific Ry__; 6V4 .25 ■* 29%- Jan 26 Apr 1.25 11 11 50 11 Jan 32 Jun 24 24 20 24 Aug 25 Jan 4-_ 115 115 105 115 Sep 150 Apr 120 Y_ — v Y Sep Sep Sep 152 Feb 188 Jan 100 118 120 141 116 Sep Sep 153% Jan > 120 f Montreal Curb Market Friday Jun 15 160 3% 60 Mar Jan 3. Y:, y y • I-' ' y STOCKS— Abitibi Power ''' ; ; yy m -' ; Range preferred preferred L——1001.I.. y-*'-'* J*. British American Oil Co British Columbia 400 4% 57 13% ' 13% 83 Ltd—<Y;—• 15% 15% Ltd;——-_* •14 -y.o ; I... 75c Mar May 7 Jan 13 83 y 143 y 14 *:i '■•: Feb • 109 Mar 13 Va Aug Jan .• 97a Jan 13 50 14 Sep > 9% 58 * i' May 4 15 9% ■•.7.V* High . SOc 190 83 >9% )•'..♦ Corp.———* Power Lota V. *55c ~ '..V .. * — Range Since January 1 • 438 ' ■ Share* High '50c v*' > *, sales lists Sales tot Week of Price* Low "• 100 . ... Sale Price YV'Y Par . Paper common..—.1♦ & I'm ; Packers Dominion North P Corp Ltd "1 % ' Jan Canadian Breweries 20 Sep Canadian Y , j," '• ■ Industries'Ltd* class B—'—* .V-v Mar 3Va May Mar 3% 5 Jun . 13 % 17( Jan 17% Jan v: 15 Jan Co._^__.i—jri..—1 Marconi Canadian Vickers Ltd Apr 85 27 July Jan 31 -131 30 130 "Sep 2 155 Aug 5 Jan ' 175 12'/a May • * 161 158 12% t; Canadian 20% July 79% 15 130 ■ ■' Sep 13 10 * Jan Jan " Light & Power . Co.......100 Canadian Apr •158 • r._——100 preferred Jan Jan 6% 27 * Pfd... 205 14 83% 27 :• pfd —100 7Y ■ 83% 13% * Sugar Co & Canada 125 Va 3 3,131 Week's Last July 27 165 3% - 85c 125 Beauharnois 7% 21% Mar 20 6% 56 118 Jun Anr 120 5% 1.10 82 Aluminium Ltd———_ 21% Mar 50 3'A3 ',3 >/4 —* Jan 1.90 22 Jan July 122 3% • 150 125 Jan 7 20 100 Alcohol A - 120 5 4% Mar 122 Canadian Foreign .Investment com..._* High : Feb 147 19 to Sept. 25 both inclusive, compiled from official Canada 17c • 4 150. ^ 125 102 5% Mar 1,320 24% __25 Canadian Celanese common.' Range Since January 1 y * Low 120 Sep 91% 559 y Shares .—.—100 Mar 4 Y. 5 . 7 Va . 27 6 75 4 91% 91% Sales for Week High 150 — Bank)—...100 Sept. 6% f Sep Apr July 11% 7% Sep 1% Apr 11% ;> Apr 80c Feb 80c 11% Aug Jan 18 150 1.00 9 % 4% ,— Building Products class A 8C Sep 1.10 National)—100 (Bank of) Jan 11% Y Mar % yTY-y 77V (Banque (Canadian Jan 11% 10% 4c 661 25 Jan Sep 25 20 Jan Jan 13 Va 162 11'/a 3% - Aug 13% Corp class A_* Mills. Apr 18% 11 * Power July 40 13% * P_ Columbia British 8 25 18% Telephone Co of Canada——100 Brazilian 50 42 ? common 2.10 July 1.90 * . • Canadienne Feb 26 May 42 18'/a * Corp Associated Sep Jan 1.30 * ——... — Banks— Apr 90c Sep 23 common Low Y_ -*• 1.90 .* —— — Zeliers Ltd Feb 110 11% 25c 30 8% 8% * 50 common-- Anglo Canadian Tel Co preferred Jan 1.15 ;• Jun 60c Range YyfyYy .100 v Royal Bank of Canada.—— Algoma Steel Jan 55% May 44% Jan Vg 32% Apr 25% July 80c Sep : ■ High 106% July 5 25c __1 — Range Since January I LOW 12 108 A—— class b High * common—______ Preferred Tobacco Winnipeg Electric class A.—:— Sales —100 Agnew-Surpass Alberta Low a 41 239 .. of Prices Sale Price ■ Par for Week of Prices 29» ' • ■ Sept. 19 to Sept. 25 both inclusive, compiled from official sales lists Range Jan ;!,V'v239 Y-y 200 .. 1% Week's Friday .. STOCKS— Montreal Stock i Exchange Week's 195 6c Last Last Aug Listed and Unlisted Yy^Y'YYYy 77Y Y7Y,;Y;:y,-77Y7:;' Friday 30% 405 65c 1% ..100 preferred Mar 581 60c ..I _ ''65c Pacific Sep 8% 20% Mar 3 9,905 46% ^ 2.15 2.15 . 135 . l.io y 1.15 -.46 V* common •• •• 29% ■■29% -..a- Co..—- ..._1 Preferred Sep Sep Petroleum •> 25 . Apr 6% Mar 1-'.. 7% Apr 200 , 15% a 6% May - y; 15 10 40' a39 V2 United States Steel common.'* 8 : 3 a3 ■■ .1... Aircraft Corp chmmantYii ——5 29c * Dominguez Oil Co Electric Co General - •V 127 28% .vy . Consolidated Edison Co of N Y . 414 cYi 17% preferred IncX-4.-.—_ Jan 8 •- 28% 8% 4'/4 >3% July Jun 110 Feb 26 Vs. Aug Sep 4% Jan 24 Feb 13 Va 7% . ■'■S 17% ;*__ commons 2% 80 Jan 2% Jun 35 : Fed 16 Feb,'. .-so •; 6% 7% . ""25%* July 177 . 14% *,',:-y ... 19 3% • 5% ...J—'" * Water a3 al4V« •*' ... Jan 66 553 "A". ' ; Jan 8% Apr Feb V 2 -120 26 -i.-;- '?. • i common.Y- Riverside Cement Co 25 22 a25 % ' -'6% 10 2% V a21% 'V,yYY. Corp of America...^.—1 Republic Steel Corp 40c Feb Y a2% common.yYi 9% Aug 13% May 100 V Jan 2.60 7% May 10 33 8 Jan 30% July 1.40 May 55 15. 15 Jan 9c Apr 765 a7Vz 15 . Co 9% 11% ; 36% y Api- 24 Va 100 1.80 all% 5c 85 High ! 27% May 1,200 30% 9% 9% ^i_10 common Sugar Co. Packard y 1 32% July 30c ,:s Jun Aviation , 210 6c 1.80 <s capital American < Low 30% v 6c a30% •"yy Y 5c Copper. RR ••••■' Range Since January 1 High .'■•v.. -'-.-y, a29% . 1 ._ * North 100 2% 5 a2% * 1.60 Y 2% May 2,646 38c Jun 4 * Jan 29 % 654 34% Jan 3 489 3 35c --10 common.. 45 a34% __ —2% .Y & Sullivan-. Service Sep Jan May 1.15 Mar 37 3 Va —1 y.Y capital-. Inc., Co., Bunker Hill Cities 19% 23V4 May 20- v 3 Va 1.40 44% of Del-—-——•——-3 Corp__—_—5 Corp . Apr 24 y 59 25% 3 '/a al.40 5 100 Aviation Bendix ; 128% May 104% 450 27% a25% 50 Copper Mining 917 ' " Anglo National Corp common A—-—* Argonaut Mining Co Atchison Top & Santa Fe_—_ Y all7% 119 Va —100 Tel & Tel—— American 17 100 19% 19% 20 capital Ltd., Factors, — — North 2.25 2.30 10 Cement pfd Portland Yosemite ^ 2% July Low «. common...... M. & Shares of Prices Par 23 .V: Sales for Week Range Sale Price High Jun 1.95 200 222% 222% 222% 10 Co— LOW 2.65 STOCKS— Range Since January 1 Shares High 2.65 2.65 Equipment Co common —1 Waialua Agricultural Co ——20 Wells Fargo Bank & U T ——100 Western Dept Stores 7% pfd— 25 Victor Last for Week Range of Prices Week's Friday Sales Week's ' t ■**' - 25 ■;>. 50c 50c :i3V« 25 - 45c Sep 60c 12% Mar Mar Apr ' Consolidated Mining & 34 i> 34 , 34 23% Smelting 23 23% 445 21 20% 21 223 , 32% Aug 39 21% Mar 26% 20% 1,095 24 7% Distillers Seagrams, common— Dominion Bridge Dominion Coal * ; 10 Ltd— Stores Dominion Tar 7% Dominion Textile 5'A 10 July 4 ; 150 552 25 ;V * 6'A ' Jan Mar 15% Jan 152% May 9% Jan Jan Paper & Foundation Co Steel General Jun 5% Sep Fleet Aircraft Feb 4 % Jan Ford 70 55 66 4 40 3 2% 2% 115 14% ._•—* Canada— of Power Gatineau „* ; 6% * common Wares 14% 25 12 July 6% 6% 120 5 Feb 5% 100 5 Apr 11 84 Aug 5% common Gypsum, Lime & Alabas., Hamilton Bridge Hollinger Gold - Va 82 Jan Fraser Apr 6 Jan 2% Ltd—_——"l* Ltd A—i .* • Jan 100 Bay Mining. 27/a 3% 3 Va 16 Jan Y 6% July 6% B i- ■: T Si ■ . 5c ~8Va 96. Jan McColl-Frontenac Jan 92 Mitchell. Oil 6 % 3% Jan Feb 3% Jan Page-Hersey 6.75 Mar 110 Apr 2% ; preferred-100l ' 22% Jan 14 Jan Reliance 96 Sep 100 Jan 22 Apr 28 Jan International Bronze : 9% 1,149 7% Mar 9% Sep 9% 280 9% Jun 12% Jan 6% £1 . 9% 9% 9% • Imperial Tobacco of Canada common.5; — 6% 100 6% Apr 7 i 23 23 23 50 20 Feb 23 Sep com..* Nickel of Canada Petroleum 32 1,212 29 Apr 36 Jan 11 % Mar 14 International Power Preferred 32 13% 13% 60 common———-* 2% 2% 5 2 Aug 87% 87% 265 87 Jun 16% 16% 6% 6% 100 —— Lake of the •" Milling common—* & Co common _! _♦ Massey-Harris Oil Y Montreal —• ;+ ——• McColl-Fror.tenac preferred Cottons * Light Heat & Power Cons.—_• Montreal Tramways National National Niagara Breweries Steel Car 4 4 • common Corp > 3% - 4 21% 18 25% 7 60 100 r 15% Aug 5% ' 828 270 4 2% , !• Jan Apr 2% May 13 112 Mar 1,749 20 Mar 25 12 115% 115% 21% _____1Q0 —— *7 2% 22 18 25 25% 220 90 Aug 17% Jan Apr 6% July I July 23% Jan Jun 20 Power Price Flour-Mills Corp Bros of & 23% Apr 26 Jan 29% 29 Va 25 29 Apr 34 Jan 10% 10% 50 10 Sep 17% Feb 43 Va 43 43% 975 41% Mar 52 Ltd 18 18 18 340 17% 22 Jan Regent St Corp common preferred——————50 1.15 Lawrence Paper preferred-- Shawinigan Water & Power.. Sherwin Williams of Canada common.* Preferred 100 Steel Co of Canada For footnotes 1- * 1.15 70 3 Mar 6% 35 6 Sep 11 ilan 20 11 Apr 13 Jan 4 Va Jun 1.15 140 3 see page 1144. —25 • .7 v 3% 30 245 • 41 >• Feb 3% Apr Mar 15c Apr 5% r •' Sep 13 10%^ Apr Sep 92 Feb Jan 15 Jun Apr 45 Feb 87 Sep 103 Jan 73 May 85 Jun 85 187 11% 80 39% •; Sep •••• 11% '• " 40 ;; ■. " 5 87 26 73 3% y 75 - 5 •Y Y 3% Mar 3V4 Mar / 75 Sep YY 25 5 24 Sep 24% Feb :Y'-, 21 100 Jan 103% Feb . 1 . 24 24 103 f •: 1.05 1.05 • 500 : 60 46- 45 j/' 7%c ;' Sep 75 . 90c - 1.10 May Jan "Jun 40 50% . Jan • Kerr Addison Gold v Pandora 200 1 54c 100 Mines Ltd——— 1 3.60 3.60 8.00 8.00 Ltd — — Mar 5 July 1.00 Aug 2 Jan '•, ■ "*: 1.40 60c u Jan 900 1.15 Aug 2.22 Jan 40 36% May 41% Jun 575 65c May 88c Jan , 52c 2,900 50c Gold- Mines Ltd.—1 IVaC 75c Apr 2,000 Sep Sep 66c i'Y. Mines Ltd—...Y—-,----il 1.49.r'Y .,1.20. Sep 400 4.15 May -v 52c 34c ,. 53 c . - " '•-, V 2c Ltd———— 1i Wright Hargreaves Mines Ltd——■' ■ y ■' (,,• Feb 1.31. Jan 2.05 Jan . 5.00 Feb 31c May 49c Jap 50c Mar 65c Jun 300 1.48 1.49 3.75 2c 2c 2.26 245 15c 100 - Feb 4c 2,500 2.20 Mines Ltd———_:.l .. 2,000 Y 3.75 Mines Ltd.———1 Mines 100 4.50 -34c 34c 53c --.i 66c 1.20 4.50 (Quebec) Ltd.—_r__.1 :y"; ■'•*'k':'' Ltd.—.1 300 66c L20. L Amulet Jun 11% 65c 1.40 ■..*• 40 Va Mines Ltd——ii————1 Cadillac 4.35 6.90 May 40 Va 1.25 40% .Gold Mines of B C7'_———1 Wood Sep 3.00 Mar 200 1%C Mines * 50 v.. 52c Gold Jan '54c Feb 1 Vac Sullivan. 'Consolidated Feb 2.24 1.00 Aug 32c Ltd——.* Gold Hughes 17% ■: Pioneer Teck . ' 1 •. —_—-1I Perron Siscoe Gold Apr 150 :y: 1.15 Mines Cadillac Feb 10% 15% 1.15 i Mclntyre-Porcupine Mines Ltdxi'-Y—.5 Normetal Mining Corp Ltd— Gold Jan Y46c 35c 1.15 -J :"..v«'i Malartic Goldfields 90c Apr '35c 15% Ltd.!—_ 1 Mines Gold Eldorado Sep 28c Y 54c Mines Malartic 7%c July 56c 50 ,56c ___* 16%c Jan 100 200 7%c 56c .yy.y (Quebec). Ltd——rl 9% 9% 25% 14 9% 25% 13% 14 7 7 112 112 255 8% Sep 15% Jan 6,000 1.48 Sep 2.20 Jan 3.75 Sep 4.30 Jun 4c Jan Apr 2.68 Jan l%c July 1.90 53 24% Jun 43 Jan Feb 14 Jan 535 12% 185 7 10 110 Apr 110 66 % Mar Sep •/. Oils— ■ ■ * Oil 66% 66% 115 Jan Homestead 70 Jun Royalite Oil Oil & Co .. 100 15c Sep 18c July 38c 38c 200 38c: Sep 40c. July 2.25 2.30 375 15c 38c » Ltd Co Home " .... Amalgamated Oils Ltd....— — Anglo-Canadian Oil Co Ltd—. Jan 13% 1 2.05 July —— Gas 2c Ltd.—.— » preferred—. 13% July Sep ■ Ltd——; Mines Dome Waite ' 575 13 85 103 35c Sigma Mines 3% 5 Sep • • 100 —♦ 4 Sep 12% 6% 5 common 3% 12 * Knitting A 3% * ___ Lawrence Class St * common—* Quebec Power 5c 73 "73 •. 1 comi* Corp Ltd_._—..._* Mines Jan • common— Canada Co Beattie Gold O'Brien " Ogilvie Aldermac Copper Sep Jan ___• Noranda Mines Ltd 19 ' Lake Shore Mines Ltd 4 4% 117 10% • Jan : 3'Mf Jan 2% Mar "14 % Mar 100 Jan « Weaving Wire - ; 4 —1100 • Feb 20 May"* • • f 5% --- yv;V;: 75 Canada Ltd—.—!* Mines— East Woods Lindsay (C W) Mont 87% Jan ~ 5c 87 * 'Walker-Goodetham & Worts'(H) Sep 30% * Co Ltd '--140 15 - 2 3% 1 International International 200 • ;• Jan 4 7% Aug -} • ,> : 11% ?■/' ——* pfd.j_.100v yy^-yy-Y Ltd.: Canada Power 6% Distillers of United 100 ■ • 135 •: 40 of Canada 6% 1st pfd—100 Co Ltd common..—* Preferred = «• Y 560 13 V>■;: 1; Tubes Ltd_'__——-— *36 ■v10 Jan —25 preferred 3% Y 1.65 June 1 Grain Sangamo Co -Apr * V ;* — 5%- ■ 85 1 Power Corp Sep 50 96 22% 10% 8 105 8% Southern Preferred lc "'■} - 2 !■•• Aug ;*6% Apr 2% 85- ' y 13 1 \ Corp Ltd—__—i_.^* Moore July ,' v> ; Apr ' pfdi—Y'.lOO Ltd. Robert Co 100 7.35 8 96 • Imperial Oil Ltd.. *•' lc 9%-- Yv 9 • Milling Co Ltd cl A pfd. '.* Massey-Harris Co Ltd 5% s :* 2%-'-••• 5c J .'j y "'19 •• Y: Maple Leaf 17% <2%- ...i.._„.1 ———. 2% 25 •V 155 -• 18%- ' 9% . Companies voting trusts.—. Utilities Corp class A.** 9 2%*-Y••Y y& 9 ^ "•2% rl9* International 3'/a 2% > 17% of^! Canada Motor Aug 2% July 75 7.30 5 - ——* Prefeired Hudson 3% * Paper common 85 2% _* — Mines Howard Smith 85 100 — " •Y-— 497 1.80 1.80 * t M ■ Preferred 40 " Ltd.^i—'...— i" Eastern Dairies Ltd 7%Ypreferred..100 Fanny Farmer Candy Shops Inc..;—! Paper Co Donnacona 3% 4 Heating Products--; 7 2c 2c Y 1.80 Lt<l_^_— Corp 27 Jan 21 t Consolidated 3% July Apr ' .' ■ Div Sec class A— Class Enamel 150 22 21% 100 — Consolidated 4 385 70 _* — — • • 50 ; 5'A 3% common—.* common.— Dryden Paper 235 , 7% .7% ___y > & Chemical 150 Sep 2V4 ■ Dominion Steel & Coal B—25 Dominion 10 150 - :3 ' Jan ■ ; preferred——25 l preferred— —100 Dominion Glass preferred 3 common.*...—.* Ltd— 2c 10,000 17 17 100 2c Jan 16% Aug 2.70 Feb 6%c Apr 19 Jan THE COMMERCIAL & FINANCIAL CHRONICLE Number 4111 Volume 156 1143 CANADIAN MARKETS Week's Friday Toronto Stock Last Exchange STOCKS- Jason Friday Week's Last STOCKS— Power & :' 6'/* 45c preferredC_——--x———— .100 Acme . Low » Paper common * Gas Oil & Co.— 4% — —1 ' Aiberta-Pacific preferred— -1Q0 v Aldermac Grain Copper - Anglo-Huronian, Aunor Gold Bank' > Mines ScotiaX— Nova May 10c Jan ' X Jun 126 129 17 : 58 6c * Power & class A Paper & Radium—. 221 11 1 60c 60c Telephone Co of Canada—:___100 Bidgood Kirkland Gold Mines——1 133 6c Corp •Preferred .* common..,. 90 5c Aug 14% Mar 55c Sep• 133 123 91 6%c l' ; 13,200 3 26 29 2% 25 Sep 59c July 7.85 8.25 1,100 Apr 12 .Jan 4.15 Jan 3 32% Bralorne * >:•' British Columbia Packers. Columbia Power Dtotninion Oil : 47 4,500 3 8% 275 48%cV«! 50c Shops—, 13 3%c 8% 8 Ltd 1 .. ■ Oil Buffalo Ankerite vv"' Gold Cement Canada Malting Canada Packers 2,000 4 38'Ac Feb 65c Sep 1.35 Jan 19% Sep 25% Jan 17'A 17% 17'A Sep 23% Jan A—. B- Macassa Mines, Ltd 98c 1.12 11,900 93c 43c 26,225 30c Mar 1.22 1.40 25,300 Lake Gold Gold Mines. Fields Gardens common.. of 4 4 33 % 77 . 7% ... v 1.80 ;.H 5% 3% 12% : comfnon ; 37% Feb 7% 29% 120 W;0'. 29 115 Sep 154 105 110 100 Jan 140 ■:>•:■■• 15 26'/2 Sep 4% Mar 6 Apr 22 5 5 5 10 18% I8V2 95 16 8% 393 8 Class B Canadian Car ^Foundry y-: 6.: Canadian Dredge & Dock... Canadian Malartic Canadian Oil Cos Ltd Canadian Pacific Ry_ Central Pat Gold Gold — Willans Cockshutt ■y Smelting.. Cub Nest 4%C 50c • 54c 10 Sep 15 5 Jun 65c ' 55c — 1,046 50c *:■ ;V»' 20 ... 1.50 2.00 74c Apr Jan* Jan 40c — 109 70 : 29'/2 40c " '' 92c " • May"' 132 • Davies Petroleum Denison Nickel Distillers ——i 1 • Mines Corp-Seagrams • * 23%"" ! Dominion Steel Dominion class B._. — Tar Duquesne Chemical & & y •.% • class * A . :i>: « 17% 2% 2% 19 %c Augx ."v . 18% 18% * " 2% ■r Aug Jan 293/eC 15 n 250 19 i i7c 18% r 3% Sep 90c 30c 53 %c 10,900 48c Apr 00c Jan 1,000 20c Sep 38c Jan 1,000 5c Sep 10c 6c 105 Jun 105 105 15 1274 c 14c 67,800 6%c 1.60 1.60 50 1.25 3c 36 87% 87'% 3,500 XXX- 15 87% Sep 43c 13 %C : >» 50c XX 3,200 32c July 85c Jan 1,500 12c Feb 19c Jun x _ * 50o 1 14 %c 1 1.40 14'Ac 14%c- 62c 16c Apr 2c Jan 113 Sep Feb 3 May Jan 4%c May May 103 % Jan 1.35 Jan 2.35 Jan C. 1.15 1.20 6,765 1.12 Sep 2,20 Jan Mines— 37c 40c 2,900 36c Sep 75c Jan 37c 38c 700 37c Sep <v57c Jan 1.39 1.48 11,900 Mines 18c 18C 117 120 Gold _ Mines of Rouyn X- __ Mines Gold Gold Mining East Dome B ■' Gold Mines-. Anthony Gold Mines Antonio & > Sep •1.35 Aug 8e 3.20 Jan 39c Apr Jan l'/ec July 1 Jan £_■ - 4c Jan 3,309 1.32 Sep 2.05 Jan 24 14% Sep 14'/2 24% 75 24% Sep 24% Sep 5,800 19c Jun 13% Mines ' 60c 4.25 -—A- 4.50 633 33c Gold .Mines. 34c 18c . 75 20c O 2c > 2%c Sep 12% Mar 14 X;v Jan 97c Sep 4.05 May 2c .vVr.:-.i2 74 Mar 55c 4,211 2c Mines—. 9c 105 13% 59c* -X- Preferred 5,000 15 15c 16 %c Gold 2c 1.50 24% —- Lake (•*•'••' 155 Sep < 1.48 common — Gold 115 14% l%c Gold Mines Ltd.. Co ic c 65 Jan 6.00 Jun Jan 2'%C Sep 65 May 2,850 30c Aug 49c Jan 5,500 17c Apr 34c Jan -•'/■ V 89% Jan '-•1 Apr 6 Jan 3 Aug 3% Jun 57 Mar 63% Jun 57 16,250 v 14% Mar -^£:x BroseLtdi-_X—. of Canada common——* River Gold Mines— Mines---: —— •-•I ■X • Toronto Tailors Mar 63'% Jun Jun 1.96 Jan Co of 19 V;i8% Sep Aug 42'Ac Jan Canada Investments 6rIo 10 3,920 5 30 60 31 28c 500 5% 803 30 • -i— i Vermilata (-Us 3.50 9% c Jun 3c 2.34 Jan Jan 84% Mar .50c 10% 36 July <• Feb 414 July 1.24 Apr 3.00 Apr 5.00 5%c 8,950 Jan Jan Mar 4'/8c Sep 2% Mar 59c Jan 8% 1. Aug 29 Jun Jun 11%- Jan Sep 4% Aug 490 '. 8c '.x*—— 1.98 Aug 23c 3,750 3.40 x—. 65c Apr 50 475 72c 4. 1,500 3% 1.70 Aug 8% May 1.45 80 3%c 66c —1 30% 3c * 13%c Mar 1.15 Mar 1,800 3% A pfd__50 50c 1,000 X 5'A • 8%c May 100 ;Xi X. 1.15 28c Resources 87c 500 60 Oils Ltd Ventures, Ltd, 35 10 4% Upper Canada Mines Ltd Sep Mar Fuel United 50 1.50 1.46 — •• 31,420 53c 1.33 10 common— common.— Mortgage - 53 c 1.30 : ~ ..150 X-;.X lie X X XX 1.22 1.22 53c 1 61 1.40?" lie Teck-Hughes Gold Mines Top - 67 '67 1.30 —u.1 1 Cons 60% , 1.37 * '■ 3% 3% 'i1'1 '&U -> United Steel Corp^ Ltd. Jan. 15 2,100 Jan Sep .6c . "H •;: Jan 60c Sep Union Gas Jan '17c 100 17c : '•A:.V 105 Mines Transcontinental 3.60 Jan " '-;• •i .1 1 Jan Jan 52 20c 20%c X 52c 1 — 367 1.04 3,275 Jan 22 May 2% 826 23c 1.35 Tip 3%c Sep 2.25 Aug . 250 _ * Gold United 300 ■;• 18 :•-r Sep May 68c 6/c •'X-.-X ... Tamblyn. (G) Ltd I Jan Sep 2c — Sullivan Jan 19c '■ . Sylvanite Gold Mines, Ltd Jan 4c 2.30 \ . Sudbury Basin Mines———— Jun 'f.% 10c 55c 2.40 ;■•■ 18% tf Mines X'X 8 j Feb 5 Mar Jan 8c 85c 4,808 Sturgeon Sep Aug 10 41 44 xt. Ltd. Gold Steel Co July 1.30 32c 20c '- 2.40 /-i? -.l-X-'— XX" 4 Apr Sep 98c 3%c 1,300 34% ' Steep Rock Iron Mines-——• 9'A Apr 5% Sep 1,600 20c Oils Stedman Jan^ July 19 - 5,650 ? 3%C 2.40 * Gold 1.13 Ap — $ y 1 4,200 95c 43% Ltd Standard Radio Feb - 15% 6% Mar :■ 8%c Jan Jun 13,400 Slave ■ _ __;— -'"191 Apr 2%c Sep 6,000 .54 . A._ 55 2,000 2%C, 1.03 tf class 54c 8c Jan Jan " 1.12 — of Canada Class B 2%c ?!'■:? 52 Aircraft. Francoeur 3c 2%c . _ ■>,C 7% 3 x. . 120 28 8%c <• Ltd Sladen-Malartic Mines ' i. 1 Faleonbridge Nickel Mines—-- X— Fanny. Farmer Candy Shops Co "rVfi 340 .. 320 68c Siscoe Jan 97% 6% Jan 4 Jun'' - 1,225 3%. 54c... r 3c <'-f ■ Ford 3,'A- 54c 475 5'% 25 % July "16% Jan 45 i Sep"* •110 50 100 7%. 5% ^ / P 30 Simpsons Ltd class B—— Jun :17% May 103/* May rr -i v —— Fleet 18% v7.% Mines' —--—ui'X'i. Electric Class B *:' 10 ———————— Malartic Mines-iiL— Gold 10 ' :l ■ 1* com do—1; East Crest Oil 7% :: -•'I' Mining ' English : common Worsteds X 90 135 Corp Nickel Sigma'.-— Feb 6c X 21"* Mar" 187 - Jun •23% 39 29% 30 —1 _ :. Sherritt-Gordon I7%e Jan . %c Sep X 275 1,550 '9 140 ; > 18% . ■>"' ..__ *. -•>. Eldorado * j, Woollens 15% 135 tf Dominion Preferred r 140 — Stores Dominion Eastern •'. corn- ^ 23% ;.PV 95% ' 15 10 Steel & 23 ' preferred Foundries 2 4,000 275 95c X X * Shawinigan Water Aug 55c Aug lie " Sep 500 . 95 • 13%- • Dominion Bank (The)—————— 100 Dominion 3 %c ' • •vV'i/ • '' 11 3%c .r1' 100 Mines—u-— Dominion Coal 11 '•Sr. »* common- Preferred Dome 11 — -X-u-—-ui. 29 %C May 197% Mar X Sep 355 40 1.45 -' A* May July 14 20c 22 Senator Rouyn, Ltd—i 34% May 35c Oils Preferred Mar 23 '27% May 6 Jan 20c 66c San Jan •18 •' May 200 210 39% Corp Gold Scythes Jan 39 Sep ' Sep Jan 1.40 1.35 St Sep Jun 6% Aug *32% Aug' 64 " 21 29% r. Aug Aug "•v'-'.l"1'- ' ni2 "'111 •' • 4,205 "'34 91c ;V" Mining Queenston 10'Ac Jan Aug 5% 800 Jan 1.04 lie Royal Bank of Canada- Feb Jan 1.30 July 46C 225 55c 55%c 33% 112 100 100 6% 6% Car Preston • 34' Mills—J—-——- i? * Coal 43c Steel Premier Feb 1.30 Sep 4%e Sep 525 1.08 3,250 Powell Jan 2,300 Sep Sep 45% May 28c Pioneer Jan 5,340 Apr :• common—. Pickle-Crow Jun 14% 57c v- Apr 6%c , Light Heat & Power. Porcupine Mines Paymaster Consolidated Mines July 27% 46c 2.00 6% _ ♦ Aircraft 26 2,841 54c 50c 27c Porcupllff* Corp Perron Apr 19,444 Sep 13 12% July Pamour July 3,000 . 36 500 13c Page-Hcrsey Tubes Jan Apr 55c' 1.95 P'*—- - > Smelting-———-—— AS Pass 70c "55c 0 Mines—— ';r\ _-L—_ Imperial Crow's 6% 4%c .... Consumers Gas Co of Toronto.— Cosmos 5% • 68c ' Consolidated 90 65c 6'A 1- _ Mines 12 9'/a 1,215 8,015 9c 200 Pacalta Jan 7 Mar 25c 41 55c 1.00 Canada— Corp Orange Crush Ltd preferred Jun 9% 21'/2 Mav 1,500 10 22 152 38c iyi," —— Gold 11% 38c .* Plow.. Coniaurum 210 11% IV/* A common & 25 • , Jan 4'A Apr 500 Ontario ■ Chesterville Larder Lake Gold Mines JA Mining 25% 15 25 .. Mines Central Porcupine Mines. Cochenour 185 A Mines.. Chromium 6 25% of Omega Gold Mines Ltd Ontai-io Loan & Debenture Jan V 4% Mar ; 8 common.. {;? Preferred' p—--jiiXiuL Canadian Celanese common 30% May vi' 10'/a 14 Okalta Apr 27 2,360 13c O'Brien Feb 100 if 13 9c Noranda Mines Jali '• 3% May 2% Apr 5% 3,670 ' Jun 25% Mar 18% : 59 4'/a 52c Nipissing Mines Jau 5% Mar 2% 5'% 40% Mines— Mines Naybob Gold Mines, Ltd. Feb 87 131 Jun 6 Sep 1.50 Mar 14 National X5;''x Jan 118 ■; common ; Sep 74% May 210 26% w Ltd 7% Jan 7 Sep 4 % Jun 2.22 149 13c Montreal 1.20 Jan 32% Aug , 5 40 :i' Ltd-——. Normetal Apr 4 10 Lake Gold Corp Moneta Jun 80c 100 . Red Oils Moore Sep 8'A 100 •?: Model Jan 3c 7'A NAay • 2.00 common Jan 1.68 54c Aug Modern Containers common... ' 26 27 »/2 • 27 ^ . 400 Mining Feb '2.80 120 Jjr - common. 6% _■ 100 Commerce ' 87 77 * common Preferred Canners 50 33% 4. 50 Class A-——. 8 * - Breweries 13,000 Mar 87 . Ltd Bank Apr 1C 8 * „ . Sep 7 91c ■ >:*' 4%X:4% Milling Jan 2.85 Sep 1.12 16 S Leaf 1.70 2,875 Jun Jan 1,000 87 60c Sep 38C Red McKenzie Apr 61c 3c : 75' 2.05 McWatters July 1.15 / * Ltd.. : Sc. 1.95 Preferred Jan 22 29 1.14 ■ ] Steamship Lines Preferred Canadian 4 •'16 Sep 34c • Jun July 4,000 18 ?•:"••• 9 Sep Jan Jan 10% 485 Preferred Jan May 35c 4OV2C * • • ——; Ltd Co 12% 25'. : v 6'/a Mar 1,600 Massey-Harris 11% Aug 18 2%c Calgary & Edmonton Canada 40 15,300 — Burlington Steel Co Ltd—^ '■/"'V' - Jan Mar 21 v; Mines 15% 13 , 8 4,100 class Preferred Jan 20% 4 Gold... 9.30 6% 1,027 .V 54 Sep 75 Maple Jan 19% __ Buffalo Canadian 32 %c 2,090 v, . May ; 20 Maple Leaf 12%c Jun Sep 20% 20 * Brown Canadian 15% ;; *7.. Broulan Porcupine Mines, Ltd Canadian 15% Mar 3.15 May 1,660 54 3c K- Feb 5.85 Aug 970 11 14% ♦ A Dev 5c 6.15 10% 15% — class & 6.05 • 6c 5,400 P 6c 11 * —— British 5,500 6c 14% com Oil British Canada i - 6.15 Light & Pwr American 7%c '•;•—J.' Ltd Mines, Brazilian Traction British 7%c •— --Xu-v—-— 3.40 54 ft V 70 Feb Aug 3.25 6.75 Jan ' 1 19% Malartic Jan • — Mclntyre Porcupine Mines.— Bobjo Mines Ltd Bonetal Gold Mines Ltd 62 75 Jan 10c Apr-' Apr 34c Madsen Jan J 4%cMar 185 40'/a 1,100 20 Feb 94c 150 % : ■ Aug 5,900 MacLeod-Cockshutt Gold Mines. • Feb 6%c : • ; Jan JU)3A Aug mfc'iC 42c 37c ——. Candy Groceterias Class May 9%c • 200 26 V — /V Gold Mines. Jan Jun Loblaw Jun 18 y Ltd c 34c 2.93 Mar Little Long Lac Gold Mines Ltd. Feb 274% Apr 500 v-60c' 2% ———50 . 12 Secord Jan 188 Mines, Leitch Jan 147 X Shore Laura Jan 2.65 29'/2 4.40 . 41 %C 41 Vic 1 Banking & Loan.. Lapa Cadillac Gold Mines—— July 55c Sep Sep. 221 2,100 3'/aC' 128% 6%c Bell 7 High Sep 29,000 Landed 16%c Mar Apr May 125 10 11% 3 %c '4V'' 1 ——_ 91' 4,639 ' 17' 6c 1.75 9c 3.75 Mines.— Lamaque Gold Mines Sep 28 % Dufault Lake Sep 13c Sep 221 Exploration ■X12 ;. Apr 7c ___100 Beattie Gold Mines.., 21% 20 • Aug 34C 127 6C Sep 9c 200 1.15 BJffiurst Ribbon 4c 12 Low 9c 10%c c . Jan 1,000 1.10 0 Blue 7 3,285 1.10 BW>Metals Mining Corp.,— Bear May 40c common.——j— *: Barkers Bread 4 7%C ^.100 of 495 25 10'.'2 ./ Range Since January 1 High 3.55 Mining. Lake Mar '2.10 • 1 Ltd——.— of A Bank 37c 2.00 — 75c 1,300 Low Shares High Sep . " :;M 45c 2,000 12 7%c 40c '* — 5c LOW 200 . , 13c' 26% -'28% 7%c * • Ltd— X-Xx' 12 28% Corp.—-——— - Anglo-Canadian Oil ' 4% 13 c' — —1 Kerr-Addison Gold Mines Kirkland Lake Gold Range Since January 1 'x.xx*', 50c 5c V — common— Shares High • 4% •■ Agriew-Surpass ' Shoe Ajax Oil & Gas Co for Week ° of Prices Par Abitibi Mines Xj Sales Range Sale Price of Prices Par Sept. If) to Sept. 25 both inclusive, compiled from official sales lists Sales for Week Range Sale Price Jan 13c Jan Jun May ' Gatineau Power 5 % 100 preferred- 75 75 75 61% 20 77% May Apr ■ General Goldale Gold * •,;••> Steel' Wares God's Lake Mines Ltd.. _ Eagle Mining Co Golden Vl.j' '' — Mines .Ltd———X—— Gate . - ; — 5% —• XX" 13 %c > 1 . 10c IOC.1014c —1 Mining—.— IV2C Mining Goodyear Tire & - •: Rubber Preferred common' — ' /•;. Lakes Great West Paper A— • "v: ■ 3% May - Rock Gold 1.75 105 12 11% ■ .-yv. "i 10% 9%c ■ 1 $' • 1 Apr 60 Mar Western Grocers Jan Weston 50 . Sep Sep 2% Mar 10% 37c Jun 28 Sep 13c Jan 2% July •V -2% 30c 3% 55e Sep 10 7.25 7.60 3,600 •6.70 Mar 10.50 2.31 1,025 2.07 July 2.70 Friday Feb UXXl—— 2c > 2c Dew, Hudson 2 O'/r Mines—.it- AA Bay Mining & Smelting Hunts Ltd Huron tf Ltd.. Howey Gold class & Erie paid A J_ - _ ... 14c 22% L_— Mortgage ... 18 i 48 _ ... 13y2c • - : * • ' . 14c 22 48 2 Sep Jan 6'/a Apr 19 13%c Sep •21% Apr 28% Jan Canada Sep 8% Jan Coast Copper Jan Consolidated Paper Corp 25 7% 6 30 48% 46 3- Imperial Oil — 1 100 ■— Imperi&l Tobacco of Canada ordinary_5 Inspiration Mining & Development International International For Nickel Petroleum footnotes 1 common 7 20 - 55 Aug v Jun see page 1144. * 152 9% •K', 9% . ;.■•• 4 2,189 : •' 200 :. 150 8'/a Sep 9% Jun: 13% 25c 30% 32 2,597 29% 13% 13% 1,717 11% Mar 1,300 1 7% Mar 25c 32 . 151 9'A 9% k —9% 1.45 589 2.25 3,340 Jan Bi-ett 20c Apr Apr 204 9% v 12% 31c Trethewey Bud: Mines. — — 1 Jan Sep Mar 11 % 9'A July ■; Jan l'4c Sep 75c Apr 1.45 Sep Apr 2.90 Jan 1.81 1 %c Mar Sales for Week Range Since January 1 Low High Shares High %c Sep • %c 5% 100 5 66c ' ••. 66c . %c 5% ;'V 0 Breweries Week's of Prices Low Par 1,435 X '•X. 4,000 Range Sale Price Jun 66c 100 50c 2,000 1.55 Aug 1.75 1.85 386 75% 75'/a 100 20% 20% 55 65C 1.85 • Apr May 65c 600 2%c 2%c 2,500 2c May 92c 1.00 2,852 85c Aug 18 18 100 .'■•' r %c May Sep July 33a Jan 6 75c Jan De Imperial Bank of Canada STOCKS— 1 4,500 - 6 7% . "125 22% 6 \ Last v".:XX ' 18 ■I 16 2,500 X " Honey 51 Exchange-Curb Section Jan 2.25 ♦ — Gas 180 1'Ac 2.12 2.25 10'A 1,30 __ Jar. 7.55 & Sep Jan Sept. If) to Sept. 25 both inclusive, compiled from official sales lists Jun 2.27 . —— Oil 16'% 45 46 l'Ac 10% common Toronto Stock 3% Jan Jun Hollinger Consolidated Gold Mines. AiS OilX 21 Apr [ Jan Home Homestead 4.80 Apr 8 11% Mar 4,660 - Sep 18'A 2% Mar Sep 7%c July ■ 225 3.50 120 Feb 10 50 ?• 3,200 2,300 46 common——. f Geo V Ltd 1 3 35c 37c X. Aug 1 •' 2,500 3.70 19% 16c 16 %c pfd —. Wiltsey-Coghlan Mines Winnipeg Electric class A. Wright-Hargreaves Mines—. Jan 24 50 9 %C. V ; 3 1% Aug 11 :; 101 10% 3 " 20 . 27%'>:t ,3 1 ,> 39 215 « Mines July 25.':" .31% • Worts Aug X 500 •x 1.75 ' 1 •■10% Bridge'" Co.————— Ic 3.60 19'A Ltd & Wendigo Gold Mines—. Apr 10c Mines, Walker-Gooderham Jan 11'A " 27% — •.t'' .. 49% "1:50 preferred Ic 51 11% Gunpar Gold Mines, Ltd.—lu Ally Gyp sum, i.—*——- u —tXXXXX—Hamilton v 49% 01 A*.* vtc__— Saddlery Greening Wire Co • "A:'5l 49% '—.• AL * preferred— Great Hard 7,000 ' Waite-Amulet June " « -50 Great Lakesvoting trust commonT. 2c 20c '6% May - 10,500 - 6 3%c Mai- 12,000 " May May ' Goodfish V. 5 t'f 9c 4,900 8% X 8- _ _ 5"'' ,5%' L3%c -X Havilland Aircraft preferred- Feb Dominion Sep Foothills Oil & Gas Jan Osisko Lake Mines Ltd— — 100 * Bridge Co., Ltd.^- : r"' :.• 20% # . 1 ... 2%c ;V; " 80 Apr 20% Sep 24 Mar 65c Sep 85c 6c Jan Jan 75 Jan May 36'A Jan Pend 14 Aug Thayers Ltd 1st preferred Oreille Mines. . — — 1 1.00 Q — , 18 Sep 1.75 24 Jan Mar THE COMMERCIAL 8c FINANCIAL CHRONICLE 1144 Monday, September 28, 1942 OVER-THE-COUNTER MARKETS Quotations for Sept. Friday 25 ;•/ Insurance Companies Par Agriculture.. Aetna Aetna 4.21 '- .v" '-..I 10 21% 15% Equitable 2%: '■■■■ 4.65 Re-Insurance : / . ■: • 2% Mfrs & Fire Chemical equipment, 45% Railroad ,5% 6% Railroad "44% 56% National Fire— No |;58% Amer Bond North American 10% 9% : '50'% Reserve——*«-*.*—10 Surety, J25 American ••<! 52% ; ' 2% 25 Baltimore American Bankers & Shippers Boston — ;» Fire National 72% Casualty ,2 .21 . 1955 Fire.,———5 '.13'A New York Connecticut General Life,,—10 26 V« 5 33'A 35% Northeastern 38% 52% 40% Northern — 94 97.. 10 Federal .,,10 Fire Assn of Phila—* , 2.50 25 5 9% Class ~ 4.22 _ _ B— ... — - — • 1.91 34c 25c . 62c _25c Trusteed Industry Shares — Union Bond Fund 1.55 70c 11.05 ; 4.30 17.10 5.53 6.05 **— 10% U S El Lt & Pwr Shares A, 11.82 —10c 5.05 2.98 31c 15.64 series B. *—.xu.: C Series —10c 1 Shares Republic Invest Fund 23% 3% 4% 77 63c 1.07 *—*■,,**!»:«-—— B —1 ;r Wellington Fund 13.90 12.60 —1 25 89 38% 85% —5 13% 15 .10 29% 5% 21% 19% 6% Investment Banking ! 75.24 . <■ : ■ Corporations Co ABlair 61 A First 7.69 3.10 Boston r y-;' r 33c ——1 — 48c 9% 10% Bid Ask 1260 *—10 Corp 31% .,2 * 1 40% 82% 2% Shares Income 73.76 7.05- 93 10 10 Selected Amer Shares.—, Selected 2.65 • 81 ,————12.50 —5 24% 39% 41% 10 14% 16 Indemnity-Co_— -1; New York Bank Stocks 26% ;_5 Fire.. Pacific 10% Fire Franklin 22% 5 River Pacific San Fr of Fd of ~ 54%, Newark,,, Fireman's Firemen's 4.23 . ASeries B. J.'.-rV-i'A Scudder, Stevens & Clark Fund, Inc— North ASeries A 1.95 1 py — Continental Casualty ,1,62 ,V, .1 * i 1.69 1 . ... Trusteed Amer Bank Shs—^ 1 *: . Oil Shares— Stand Trustee ,-f 1.59 • _ V& 5-42 Quarterly Inc 14% 14% : Hampshire Fire,—.:—*—10 28% 4.93 Plymouth Fund Inc Putnam (Geo) Fund 42% 10 New . 3.84 D 29% 40% 7.58 ;'.f 22 27% ASeries 37% $ — Series 1958——' 154% 528 10 TV. 13% City of New York 149% 20 Fire Union Amsterdam New 18%. ?■. 19% 5 — Series 8% ■'-'■-'.i New Brunswick Camden 7% —2 — ASeries: C*—--i* 4.47 — t ■ 6.43 'y shares 1953—** Series 1956*, 7% 6% 69% 508 .—100 — National Liberty,., ctfs Trust Trust Amer Series 12c 63.20 Trustee Stand Invest Shs— 6.99 3.47 Steel 13% 42% 6.36 9.58 6.89 * equipment——,— 10c 58.41 1.84 v- 4.92 41% 4 • _ 5.84 '— — 5, Y ,50c Corp.. Super Corp of Amer AA 6.35 "; ': — 5.59 12.01 j! 7.70 .,.<8,71 *.*.**, Metals Investment St State 5.07 5.77 stock—,.—*1. Machinery Standard Utilities Inc 7.65 ^ 7.00 < Insurance 3% 63% - N 6.95 4.GO Oils Merch ' — Ask 5.02 11.29 « Spencer Trask Fund 9.74 8.86 stock. Building supply.!:.** 8% 60% ,1 12 % Merchant Fire Assur .17% 12% 10 American of Newark—, American Casualty,,., Bonding Maryland Massachusetts • ' :W''y:7.'i American Ask 31% Electrical $ 68 'A .;|20% 5 Alliance*,:—, American 7% 5 29% 65 % 25 ——— 29 20 , Bid Par Sovereign Investors .6.93 Aviation Bank Knickerbocker 51% * Agricultural Bid Par Jersey Insurance of N Y_ 127 123 49% 277a,: —* /■ Ask Bid Par Surety—*—10 10 Life—.—*-**-* 10 Casual & Aetna Ask .6.29 Automobile " ' Bid York Stocks Inc— New _*— v . Phoenix *. r- Bid Far Preferred Accident General Reinsurance Corp Pro^fflcnce-Washington Bank of Manhattan Co.,——10 National——.13.55 Chase Gibraltar Fire & Marine Reinsurance Corp (Texas)*.—. Republic Glfuis Falls Fire.: Globe & Republic,. Revere 5 5 37 7% 39 5 25% 2? 10 23% 24 % — (Paul) Hanover ,———. 10 10 Fire Seaboard 1.62% Marine 160 252 -.10 25 34% 115% 53% 55% New York Trust 36% kr ?;•s "l,< 1-' Bid Par Bank of New York U '44%: S 100 402 412 28% 288 > .100 . Insur Co of 47 —10 74% 77% 2.50 29% 31% -4 58% 62% 20 U S Guarantee 77% 80% Central Hanover 69 Va Westchester Fire _*; Morgan 12% AAmerex Holding Agricultural ;,1 2.39 2.62 Automobile Investing.lOc y 9.75 10.69 American Business Shares American Foreign fr 2 4% 4% 1 Oil Shares— Stand 9.62 Axe-Houghton Fund Inc—, , 10.34 shares , ... Food A6 Fund Mining shares— 2.76 12.20 RR 13.12 5 Street Invest Co Inc 1 Ltd.—* Fund Bullock ... Equipment shares Steel shares 18.54 20.04 10 81 ;> 11.85 * shares*—.—— shares Utility . 2.40 4.14 4.52 2.86 Holding Corp, —1 100.5 100.3 1,1943 99.30 99.28 15,1945 100 Securities com Preferred —*— 100 — Commonwealth Invest Consol Investment 1900 140 ;• 3.51 27% >29% 1800 136 • —1 Incorporated Investors Independence Trust Shares. , b0.65 b0.75 0.60 1, 1943 b0.75 Institutional AA Series 1 Accumulative series Series AA mod, 1.71 •" 2.07 A,.: .,1 ,, Series ACC mod 1.71 1 —- — 1.80 100.20 •, l%s Jan. 3, 100.19 100.23 100.21: 100.25 1944— 1943 at 100% — Call Jan, 3, Investment — Co & Forster Insurance— ACommon 25 118 % • A7% preferred— 100 Cumulative Trust Shares.*.-„**• Series A 25 •</ 1.93 102% 103 % 92% '2 93% 14.52 11.57 1 ■ 111% 78c 10 16.68 8.66 3%s, 27.14 29.74 22.75 24.93 15.13 16.62 • 1 1 15.81 14.62 2.75 C : * D 2.50 Dividend Shares Eaton Stock 25c .' 4.20 - — Series Fund 1 Fund— ' S-3 S-4 1.04 Loomis 16.51 Loomis Sayles Mut Fund—; Sayles Sec Fund— Manhattan Fidelity Fiscal Inc 13.47 Fund Insurance stock series 1943 11.25 Dec 15, 1943 Mar 15, 1944 8.12 2.82 Jun 15, Trust Fundamental 5.62 < Sep 15, — A Inc 1945 * 72.42 73.90 10 29.60 6.94 3.15 _ Mass Investors Trust— 1 15.91 JMar 1945—— 15, Mass Investors 2d 1 7.55 Mutual 10 7.66 Defense 100.19 Nat. 100.20 100.31 100.24 % %%- 100.14 100.26 15,. 1944—— %% 15, 1945—*.— %% Certificates of Indebtedness— Ask 99.4 100.4 tSep 99.15 99.17 tDec 98.28 98.30 b0.39 bo.50 b0.65 0.34 0.47 0.63 0.76 100.16 t%s Nov 1, 1942— % 100.31 101.2 t%S Feb. 1, 1943 1C0.14 100.16 t0.65s May 1, 1°43—:—**,.*— 1.76 Nation-Wide 2.40 Invest Fund Fund Inc Rates (Colo) 1 2.80 3.30 2 15.03 16.47 3.54 4.31 24.77 3.85 ,, . v j: 26.63 4,15 series B shares voting shares National Investors Corp National Low • 25c + %s 1, — — Aug b0.78 1943 priced bond series England Fund— —_ 4.94 6.50 b0.375 1942— b0.375 b0.375 b0.375 Oct. 21, 1942 28, Bid Nov. b0.375 1942— — 0.25% 0.25%* 0.25% 0.28% 0.30% 0.31% Nov. 12, 1942 Nov. 1942 25, 1942 Dec. 2, —— 18, Dec. 9, —— — 1942——— 1942 —* — — b0.375 b0.375 b0.375 b0.375 b0.375 b0.375 b0.375 Ask 0.31% 0.33% 0.33% 0.33% 0.33% 3.92 4.95 5.45 5.40 1 14, Oct. 4.57 3.54 series—: 7, Oct, Bills iur discount at purchase Ask 1942——— 1942—,. — Oct. 1.03 5.90 l Preferred stock series New are Bid Sept. 30, 2.62 93c Security Series— series, Income quoted Treasury bills— Securities— 7.04 2.77 * 100.2 . Notes— 100.17 8.37 1.48 33^ 1946,**—,—* 15, United States Treasury 8.12 1 tDec 1 %-%:"'; 100 — 17.11 1.42 Capital Corp,.——_•' Int. Rate Bid ,1 % 99.2 1%% 100.2 ; 1946— 100.5 %% 1 - 3.75 5.24 B Maturity— t'Mar 15, 100.3 7.64 ;_10c 14.51 Bond General Investors Trust 104% 100% 105 30.20 1.29 Fundamental Trust Shares A__2 :.:v 100.11 100.29 1%% 1%% 1 1944 4.70 10 Shares Invest 104% 100 104% represent one or more 32ds of a point Ask 100.18 — — 1944 5.09 5 (Md) General 1943 15, Inc. 10c Trust Shares A Foundation 15, Sep %% —- Inc— Bank stock series Fixed Jun 11.96 10c Industrial Fund, Trust Fund 1943 8.26 13.13 10c Maryland Fund Inc... Fund 3%s, 1971 ., Bond Fund Inc— Common Mutual — Public Serv 5s 1957,— ' 102% ' <> 9.82 94c 1 Financial JMar 15, Mar 15, 9.24 Line 3%S, 1956— 100.9 1942 10.84 4.75 Equitable Invest Corp (Mass) .5 21.36 22.97 Equity Corp $3 conv pfd 1 >' : 15%.. 16%. First 15, Bid Int. Rate Maturity— Dec 7.35 —: * Ask . . 102 1972—. 3%s Southern Natural Gas Pipe Wisconsin Pwr & Lgt 108 107% - Quotations For U. S. Treasury Notes 2.53 ; Fund 129 109% Bid Public Service of Indiana Virginia 1972—.—.. Figures after decimal point 11.97 ... Knickerbocker 15.54 Howard— & Balance . ' 108% 127 . 10.25 S-2 Series Diversified Trustee Shares— 107% 103 ; 1961 1.12 7.50 K-2 Series Delaware Fund — K-l Series 98% 98% 2%s 1952*— (R H) Macy 8.88 1 B-4„ Series 3s 18.13 B-3— ".Series - — 3.53 ,—1946 ' 1947 3s— Panama Canal 3s 12.68 71c 1.02 of America: B-2— Series Other Issues U S Conversion - B-l„ Series . — . 10 shares B 23 100 preferred—*: A8% Crum 10 & Forster common - Ask Cent 111 Pub Serv 3%s, 1971— Keystone Custodian Funds— ACrum ^ Quotations For Recent Bond Issues 1.26 —_ Investors Fund C_. , w " ' 257 2.07 1 - ■ -'"tk U S Conversion 16, 1942 at 100%. 15c 1.69 Group shares., Insurance Group shares — ' May 16, 1943 ... Call Nov. 4.94 13.50 Bank Group shares . 1,1944 100.2 100.26 100.22 100.24 Bid Ltd— Securities < •0.65 1,1943 *__Mar Penn Electric Aviation 1 notes .—Feb 100.10 100 ;;■ Apr 15,1944 Authority— 0.50 1, 1943 100.8 4.02 1.15 5 • —— Housing S [Ask Finance Corp— —July 15, 1943 1%% 1,1942 —Apr 2s 3.23 Trust——1 Corporate Trust Shares 1080 1040 3.27 5c 10c Common %\% : Empire Gas & Fuel 3%s, 1962— Christiana 72% Bid U Foundation Fund Inc 8.83' 8.18 2% 2.95 2.32 —— Income 25.23 " 53% 168 12 .100 tl%% ——Sep 3.00 23.46 Ltd—1 Trust • Chemical Fund —_—,1 Inv Fund Century Shares 36% 69 % Ask Federal Natl Mtge Assn— 6.23 2.96 shares,.— A Huron Canadian 27 ?: 158 ; —25 — States. United ' 3.54 3.64 .... shares Tobacco Broad 253% —*„.Feb ; 2s 2.67 4% ——5 yv. 49 % 248 % Banks— Loan t%s 6.92 2.59 3% Inc. t%S 3.76; 4.48 t Home t%s 4.75 4.10 5 .... 6.64 5.42 5.66 - 3% Shares——10 Industry Boston shares 2% Railroad Basic — ——1 Petroleum Federal 4.31 4.92 \,j, 6.29 :'-'t.<:;3-21 Merchandise shares.—....... >y' preferred—: % 4.07 ——Feb tl%% 6.03 shares bond & Co*..."*___ 100 Reconstruction May 4.77 3.69 A . ..Chemical shares Electrical Equipment—. General Bankers Nat Investing— ACommon 46% -100 . Bid 4.33 , Building shares,, Assoc —50 —— %% shares. shares Aviation 24 51% New York Asfcv Group Securities- 2.07 15%: ;• •- 35% 37% Commodity Credit Corp— 14% 10 Corp! 1165 -34% Title Guarantee & Trust 6.83 1.89 1% Affiliated Fund Inc Bid Far Ask 6.28 —-1 12 - Obligations Of Governmental Agencies - Bid i Ask -v 11 1115 common——*20 (J P) 39% 11 34%; 10 Bank & Trust—. Exchange Bank & Trust_20 Investing Companies Aeronautical Securities ;;j 29% " ***—***___—*,.20 Preferred Corn Guaranty • '?■/ 'J 'i 27% Bid Kings County Lawyers ———: Continental Bank & Trust. —10 13% 67% Par;;:': 28 sr '«•:/ 10 100 —'.25 Irving 40% -100 Empire v.;/ w-\' Companies Manufacturers 28% 12% North America—10 298 38% Brooklyn 30 45 Fidelity & Guaranty Co__2 27%. .10 Fire V. Ask ' Chemical *__*.!:,* Homest^d .v 119% -.10 Security New Haven— U S Fire— 5 —*— 26% 12% —— 1 44% Travelers ^lome National Cliy * ' ^ y? V" \ 260 91% 41% Inspect.,10 » Public National———..17% Bankers Hartford Steamboiler 168 . 1230 20% 42% Springfield Fire & Marine 88% ,10 —< 28%' 27 Vt 100 23 10 Surety,.*— Standard Accident— Hartford Fire Commercial National " First National of N Y,——*100 17 '/a ; 8% St Paul Fire & American.,—— Great (NY)—. :v: Par Ask. 15% 5.99 9.72 10.48 Nov. 4, •No & Cash bonds 1942— par — b0.375 value. "Odd lot sales, included in range for sale—not are subject to all Federal taxes. 1942——— Dec. 16, Dec. 23, 1942 — .———* b Yield price, d Deferred delivery, r Canadian year, x Ex-dividend, y Ex-rights, tin default. AQuotations not furnished by sponsor or Issuer. 0.34% 0.35% market. tThese THE COMMERCIAL & FINANCIAL CHRONICLE Number 4111 .Volume 156 1145. General Corporation and Investment Hews RAILROAD PUBLIC UTILITY - INDUSTRIAL - INSURANCE - MISCELLANEOUS - (isWsfS'v^ mssn land, Abitibi Power & Paper Go., Ltd.—Earnings— : 5 : Period End. Aug. 31—" Ohio, Canada. y,'y Earnings $575,345 $866,139 $5,528,583 $5,490,423 y * Prior to audit and charges for depreciation and bond interest. y i v Note—Included in United States funds. 1942, August, - y,: $124,443 is earnings ■•.yy• : Shipments of newsprint in August were 29,208 tons, compared ?4,726 tons in July and 38,937 tons in August, 1941.-. yy..-.-yy ^Shipments of sulphite pulps in August were 8,636 tons, With 8,579 tons in July and 9,619 tons of such pulps and products in August, 1941.—V. 156, p. 951. —■ Transmission of Exchange 'J • be at deposited ■' %y ,-.y.; the due 1975, Associated Electric 4!/2s due 1953 and Electric Power! Light 5s due -2030. :vV; y y ■■■'■ t Utility holdings increased during the month to 11.4% from'9.0%!,' while the rails decreased from 10.4%. to 9.3%. Due to the elimination: of 200 U. S. Treasury 1% 3-40, the Government Bond s^tion de¬ creased to 12.2%' from 18.0% % ,-y■;>, As of Aug. 31, the ABS portfolio was diversified as follows: & yy;y- N. Y. City, it is for the purchase of 15-year collateral trust convertible 5% bonds due Feb. 1, 1944, and beginning on Sept. 29, 1942, and until Alleghany Corp. directs that such pur¬ Guaranty announced with ■- compared substitute chase shall are Trust has now funds and i Aerco Cbrp. Stockholders— also may .yy- . The y- y Bonds yy Alleghany Corp.—Bonds Called for Redemption— in received ' depositaries. are company's office, 2100 Sterling Tower, 372 Bay Street, Toronto, Ontario, 1942—8 Mos.—1941 1942—Month—1941 6s the trustee In cease, to be of Broadway, Its discretion and the to the Rails & available, will purchase such bonds at prices and in amounts which shall be in the'absolute discretion of the trustees, determined price per bond not in from mortgage.—V. time 156, time to of a maximum price excess accordance in with the The from Transamerica Corp. an offer to purchase all of the outstanding shares of stock of Aerco Corp. and Transamerica Corp. to pay therefor 10,350 shares of National Trust & the stock capital common Bank of not Savings Association. The offer was its officers or directors but waf made Corp. or named stockholders Aerco their on belialf arid own on of addition the record have the to Sept. 21. and declared usual stock, common last, the above to behalf in America made to of Fire Insurance Co.—Extra directors both $10, amounts in each quarter payable paid were during 25 cents per Sept. 30 155, p; share 8.9% , s* 2.9% y„ . 156, of the portfolio included government bonds and 4.4% 597. p. : y other and All of | of the outstanding convertible 4% and the purchase of the stock will be made by Transamerica directly shareholders Each stockholder of share Bank of Cprp. with r Tne Net . these from Years Ended June 30— an offer of through the escrow opened for this purpose. Corp. who accepts the offer will receive one will debentures 4%. (as extended), due Jan. 1, America for T. N. & period 8. A. for each shares 18 days from of 40 Sept. of Aerco in escrow ; An within the effective date of the offer. escrow Broadway; N. Y. City."' • | funds for the redemption of the debentures, amounting to come from the. company's treasury, it was stated —V. 156, , the stock 7th will The directors have stock, common Sept. This 30. Net "Provision per share ?.=i- in preceding y!y y ■ \ * • ' ly bonds, thereunder from time to of life insurance.^ — 353,290 , securities 1 - time limited to Drafts against letters of credit leased , principal a under Accounts (for merch. receipts) transfer payable Federal and State sold interests, rights, privileges * ' the bonds so authorized, iPaid.-in bonds, 1,326,860 the (b) new purpose for the future Issue of bonds of series A 1941 (up to $15,000,000 less any bonds then outstanding) of financing (a) the acquisition of other properties, construction, or (c) improvements, at not to exceed 60% in Period End. . of 6'/a% 1, 1927, first mortgage will vote on leasehold Oct. 13 | proposals: " w • ; (1) The date of maturity of the principal of the bonds shall be ex¬ tended to Aug. 1, 1950, and the default In payment of the principal of the bonds which matured on Aug. 1, 1942, shall be waived. y ; (2) The rate of interest on the bonds from Feb. 1, 1942, shall be reduced to 5% per annum.:: -y-%y' y'y.yy yy-.^yy,- y (3) All principal moneys and interest payable in respect of bonds and coupons presented > for payment in Canada shall be paid, at the face amount thereof in lawful money of The Dominion of Canada. All ! principal moneys and Interest payable in respect of bonds and coupons presented for payment in the United States of America shall be paid the United States of America, the Amount of which shall be determined by the conversion of the amount trustee for balance the of the purchase of amount bonds in trustee for satisfaction (a) That of securities the taxes on the property of the company have been paid in full up to the end of 1942; (b) That $10,500 principal amount of bonds held by Federal Building Corp. have been surrendered for cancellation and that the consideration paid by the company for the acquisition of such bonds did not exceed $5,632.02; the company has entered into a management agreement terms satisfactory to the trustee. proposal shall become void and of no effect unless it shall have become effective prior to Jan. 1, 1943. Under the provisions of the Companies Creditors-Arrangement Act, a resolution agreeing to the proposal which is binding upon all bond¬ holders must be passed by a majority in number representing threefourths in value of the bondholders present and voting either in person or by proxy at the meeting held for the purpose of considering the proposal. National Trust Co., Ltd., trustee, 20 King Street East, Toronto, Ontario, Canada. Otis Safe Deposit Co., 216 Superior Ave., N. E., Cleve¬ (c) The : " 'J - , for of Aug. 29-y_ Sept. 1941 1939 ; 1940 1938 71,227,000 66,639,000 54.298,000 44,893,000 72,542,000 5 "63,756,000 50,894,000 40,860,000 38,807,000 43,170,000 42,460,000' Sept. in 12'__1 "70,564,000 67,605,000 54,817,000 44,270,000 48,974,000 19— 65,337,000 54,110,000 51,949,000 74,148,000 national Subs.)—Earnings— holiday. August Production 7.44% in Excess of The power output 1942—6 Mos.—1941 $63,7&3,837 1.501,173 4,867,003 3,098,768 1,000,000 605,000 3,000,000 as 1,260,000 compared 1941, an eight Net profit 400,000 .400,000 last $879,147 Earns, per share of com: stock 1 $496,173 $1,867,003 $0.12 $0.70 $0.48 ' • an 12 months ended July 31, 1942, totaled $159,599,062 compared with $132,490,216 for the 12 months ended July 31, increase of 20.5%.—V. 156, p. 246. quarterly dividend of five cents the common This 1941, to per 156, p. K:" ' for 101$. •' V ; '• ' " ' , 155, p. 45y :-y 1942.—V. 1, % : American Investment Co, of Illinois (& Subs.) 'y' 6 Mos. End. June 30— before Profit Federal Federal Dec. 22, a year-end of $1.—V. 156, p. 747. ' Dividend) Apex Electrical Mfg. Co.—To Pay Common The ', f' ' ' directors have declared dividend of 25 a cents per share on and income 1942 stock, no par 6 Mos.. End. June 30— ]j — Net income after all charges and taxes share — 1942 ,$15,090,108 1941 'j $10,841,27^ 293,121 $0.40 - Sales 217,813; ! Earnings per common 156, p. 599. taxes- $679,508 $0.50 Arnold Constable Corp. (& "1941 $1,107,075 427,567 $576,414 $0.40 profits excess - . 6 Mos. Ended July 31— Sales yNet Net profit Earnings per common "Adjusted.—V. 156, share___ p. 598. ;::;;Vyy- . profit $0.24y J (Inc.)^ -Changes in Port- folio— During the month/American Tobacco, Woolworth and Harvey Hubwere added to the common stock section of the ABS portfolio. Shares were Commercial Cutler Gulf Ohio. In also Oil, R. increased Investment Hammer, H. Macy, in Trust, General following common stock holdings: Oil, Crown Cork & Seal, Transportation, B. F. Goodrich, R. J. Reynolds and Chesapeake & Continental Oil, Pure ■■■■■': the the American ; bond list Great . Northern 5V2S .y 'V.:'.--y. due 1952 ■ /.'y.:y and Kansas City eliminated, while holdings of American Tel. & Tel. 3s due 1956, a new bond to the ABS portfolio, was added and in¬ creases were made in holdings of American Water Works and Electric Southern N. Y. 5s Central due 1950 S^s due were 1952 entirely were decreased. 4,794 $0.01 4,473 $0.01 1100,367 Nil « of 1942 and $15,851 Federal for in 1941. July income taxes, etc. ] 1939 1940 $4,065,089 depreciation, Federal income capital stock, $5 par. |Loss. $3,577,259; + 48,107! Nil' tOn 337,109 shares) ' taxes < i amounted to $82,991 . » ^ ■i in. y including $1,641,927 cash and* $4,610,674 and current liabilities, were $1,913,414. This compares with cash and marketable securities, of $1,150,213, current assets of $3,121,279 and current liabilities of $748,782 on July 31, 1941. Inventories were $2,333,299 agamst $1,198,776.—V. 155, p. 1008. Current bell 1941 $4,495,204 "After Note—Provision Shares _ Subs.)—Earnings— 1942 $4,623,059 y_y.__y.y,- fEarnings per share— ' Business American the; value, payable Oct. 1 to holders of record) Sept. 24.' A similar payment v/as madb on April 1, last; none since.] Quarterly-distributions of 25 cents per share were also made during! 1940 and 1941.—V. 155, p. 2451, ' *■ ' ' common Earns. $1,213,245 636,831 - taxes__^_— ; the] payable Oct. 19 to holders of record Oct. 9. This com)*} with 50 cents paid on April 20 and July 20, last. Payments during] April 21, July 21 and Oct. 20, 50 cents each, and; —V. i i. • , Arden Farms Co.—Earnings— with 10 cents per share paid each quarter from July 1, including July and kwh. 2,139,417,526 15.60%.—V. V- 1941 were as follows: share has been declared on stock, par $1, payable Oct. 1 to holders of record Sept. 16. compares 1940, against as ' "V' V ■ of output totaled the same period power capital stock, pares Amalgamated Sugar Co.—Dividend Halved— A ; 1942, 31, Aug. . Net sales for the as ' , Water) corresponding month * ending increase of an ''r the The directors have declared a dividend Of 25 cents per -share on , "Before Federal income and excess profits taxes, and In 1941 before appropriation for inventory valuation reserve, y Net profit for 12 months ended July 31, 1942, was $5,722*493, equal to $2.50 a share on common, comparing with $4,983,830, or $2.12 a 'common share for the 12 months ended July 31, 1941. Federal income and excess profits taxes, for the 12 months totaled $5,940,000 against $2,370,000. year, Year Ago— totaled 313,272,613 kwh.' Anaconda Wire & Cable Co.—Smaller Dividend— $1,438,768 $0.32 months for kwh. 291,595,069 kwh. 2,472,969,892 "T. reserve the month of August df 7.44%. increase the For with a of the electric subsidiaries of the American Works & Electric Co. for \ -' That with Yolles & Rotenberg in 21.2%— 1942—8 Mos.—1941 1942—Month^-1941 . five;■ year^ follows; ;" VVk. Ehd-rr 1942 659. p. $34,756,872 $32,685,320 $71,544,041 valuation trustee: all municipal n %y>: • yy Sept. $80,134 so of bonds not being purchasable within trustee, any unapplied balances shall be and held as part of the security for the bonds. '■ '-y.-y 'v.'. yyyy%yy ;■'% (5) The proposal to become effective upon it being established to invested 156, 1942—3 Mos.—1941 profits taxes__ for inventory Approp. currency forming legal tender in the United States of America at the buying rate of exchange current between New York and Toronto on the date upon which such principal or interest becomes due./' yyy':'y'.yy:y (4) Commencing on Feb. 1, 1943, the company will pay to the trustee annually the sum of $10,000. Out of the amountirpaid to the trustee in each of the first five years, $5,000 shall be invested in trustee se¬ curities and held together with any interest arising therefrom as bonds.The of 1,879,147; excess in currency forming legal tender in security-for payment- of the paid shall be applied by the redemption, and in the event one year from payment to the discounts and Prov. for Fed. Income & fund gold bonds approving the following payable in lawful money of the Dominion of Canada into said July 31— "Profit sinking on 3334. p. , ; 1,318,406 tAfter allowance for depreciation, $1,784,656 in 1942. Net sales Albert Bay Co., Ltd.? Toronto—May Extend Bonds— Aug. accounts $1,884,717 In 1942.—V. Allied Stores Corp, (& 75% Holders and common! of record Sept. 30,.i 16 and Dec. 29, last;' • thereof, except that in the case of new double track not more of the cost thereof may be so financed, or (d) the redemp¬ tion, retirement or acquisition of bonds theretofore issued under the hew mortgage—V. 156, p. 862. ' dated 152, 952. p. "Includes of V" and $54,829 1941 the cost than Dr50,290 , $5,711,932 doubtful holders to Output increase ' for 20 $15,785,851 $13,019,909 $134,629,308 $98,429,426! 156, pany 30,321 « allowance Oct. of electric energy of the electric properties of this comithe week ending SCpt. 19, 1942, totaled 74*148,000 kwh., ap 13.48% over the output of 65,337,400 kwh. for the correr sponding week of 1941. ' Comparative table of weekly output of electric energy for the lastj 2,143,042 'I :L,S51,83L- surplus "After payable American Water Works & Electric Co., Inc.—OutpuW 1,326,860 2,143,042 (par $5l_^ Capital surplus of other series the 375,000 public in the principal amount of $9,518,000 (any funds neces¬ retire the outstanding bonds not obtained from the sale of for V 277~870 450,000 ■ •Treasury stocky._-^.!._i.^—"Drll6,750 $9,500,000 series A bonds to be supplied from treasury cash). yy The mortgage will provide or est, slirplus Earned Delaware—15-Cent DiV! share has been declared on the per 12 cents each paid on June Sales —V. 281,722 to sary . taxes, cents per holders of record 40,000 ; 306,205 income to ';y? $9,000 $388,254 507,873 16 American Stores Co.—August Sales Up , pany's first consolidated mortgage bonds now outstanding in the hands of risk insurance war Common stock $9,500,000 principal amount Series A are to be immediately issued and to pay or acquire on or before maturity, Dec. 1, 1943, the com¬ these cents Period Ended Aug. 31 — property, including equipment, And franchises of the company. - since.—-V*1 none re- accounts the $15,000,000 of-15 par-value, no This compares with Liabilities- Accrued 25-year 2lA% dividend A stock, 13,456 y91,564 Reserve for y Of • ^X-"'$6,597;315: $5,711,932: any time outstanding of $15,000,000, to be dated Nov. 1, 1942, and to constitute a lien upon all the railroad and other physical of 70,526 704,087 V 1 dividend of 25 a payable Nov. American Seai-Kap Corp. of y . 49,523 685,099 - j share on thej Oct. 23. A like; amount was paid on May 15, last, and on May 15 and Nov. 15, 1941,, as compared with 20 cents on June 29 and Sept. 30, 1940, and a quar¬ terly of 30 cents on March 29, 1940.—V. 156, p. 1012. • ■' y stock, common $1,102,315 1,268,704 2,147,139 327,595 421,900 . receivable Deferred charges amount at leasehold y •'(-y y.'V;y consider the creation of 919,567 y 2,982,366 accounts 1012. s :■ 1941 . .J the company appearing in the "Chronicle" of the six-month period ended June 3d. See V. 156,; of for are American Safety Razor Co.—25-Cent Dividend— — tProperty, plant and equipment!: Goodwill, trade marks and formulae._____ Special meeting of the stockholders has been called for Oct, 23, to of a new first mortgage providing for the issu¬ : value Government earnings 21 The directors have declared 80 1942 yyyyyy.-yy y.yy/yy y ^ Alabama Great Southern RE*—Plans Financing— ance June Sheet, inventories surrender S. The Sept. final enactment. $1,172,113 Cash 1942; computed on the basis of the were ■ _ passed in House Bill 7378, which are as were American News Co.—Correction— p. year Cash U. $100,220 in were April 1, 25. cents; July 1, 50 cents; Oct. I, 75 cents, and Dec. 3ly $1.50.—V. 155, p. 2451. ^ , - the for • Miscellaneous / y;:fy yyy - : v expenses: amounts Dividends tAfter deducting $53,690 over 1940. ,: both payable Oct. 1 to holders of record Sept. 18.' paid on April 1 and July 1, last. :; paid as follows on the common stock during the year! preferred stock, 1941: $394,785 132,686 $1.49 $1.26 the Like 75,500 $333,512 172,492 "Notes, accounts, trade acceptances receivable^ paid in each of the ten preceding quarters.—V. 156, -'-.xyy-y v:.y y- y r;:, taxes in included and $109,806 in Balance , 307, p. V depreciation ' Assets— Air Reduction Co., Inc.—Extra Dividend— amounts were $2.21 subject to change before The directors on 8ept. 23 declared an extra dividend of 25 cents per share in addition to the usual quarterly dividend of 25 cents per share on the common stock, both payable Oct. 15 to holders of record Oct. 3. tike for 1941 375,000 $670,333 259,741 $2.62 251,273 provisions of the Revenue Act Merchant , 115,034 — Note—Federal a dividend of three cents per share on payable Oct. 15 to holders of record with four cents per share paid on Jan- 15, cents $585,319 242,744 110,000 share____ $1.25, five $686,256 193,812 % Mam^facturing Co.-^-50-Cent Common Divj. The directors have declared a dividend of 50 cents per share on the stock and the usual quarterly dividend of $1.25 per share on common $1,239,144 +321,310 provision for prior year. and American i 66,877 128,139 $536,015 paid per $132,134 in April 15 and July 15, last, Quarters.—V. 156, p. 597. - 804,590 " ■ . $985,464 profit Earnings declared par compares 845,716 rj>.,862,yyyyyy::^ y jyI 6,595,742 , deducts., net taxesy\_...yLv.-%■ Dividends deposited Affiliated Fund, Inc.—Smaller Dividend— the $8,052,527 897,117 * inc. Income ;f~v. 156, p. 659^-.;^;:-.;v':;K ■ $8,794,050 7,262,078 990,543 _ profit from opers. y:~yy'yy:y. and be 1939 • Net Other has been opened Department, The 1940 $9,453,964 7,317,702 $10,601,454 8,625,447 —. expenses at the main office of Bank of America, Spring Streets, Los Angeles* Calif., in and through which the shares of Bank of America National Trust & Savings Association will be dis¬ tributed to the stockholders of Aerco Corp. who accept the offer. Trust which goods sold Depreciation- 1, 1942, unci Way, at the option of Transamerica Corp. be extended for an addi¬ tional 30 days. The offer is not binding upon Transamerica Corp. unless a minimum of 171,100 shares of stock of Aerco Corp. is deposited a of have $621,000, will 1941 Gen., admin, and sening appropriate cash adjustment in lieu of fractional shares. is good sales Cost Aerco 1943„f called for redemption as of Oct, 26 at par and interest. Payment be made at the Marine Midland Trust Co. of New York, trustee, Report- 1942 1, been and June 30, 1207. convertible 120 Allied Kid Co.—Annual Called! 1950, due Jan. debentures and all«other alikey-The* abovenamed stockholders are terms of this offer to the other shareholders to transmit the stocky assets,-4J net • , Stockholders of Aerco Corp. Authorized 23.0( preferred in 4.7% in cash 9.3'% 1 ai.4%? 55.7% in American Machine & Metals, Inc.—Debentures share on holders to March 30 on 1941.—V. y ■ t^!U'Bond-s: 2.3%': Dividend— of 5 cents per dividend quarterly dividend of par Like extra an equipment remainder 12.2%V. Allemania The rail Total provisions j C. A. Herberts, William J. Merrigan, E, T. Melone and L. A. Cole, Stockholders of the corporation (also respectively the president and members of the;board of directors), as such stockholders, have received v,'n^ 'v. 43.9% — .Utilities-,• 951. p. Common ■ (Stocks- Industrials that extent ^ y times at but in every case at a Offer To Co., trustee, 140 hand $331,226.59 on marketable assets as of securities, 31, amounted Arrow-Kart & liegeman A 1942. to Electric Co.—50-Cent Div.—4 dividend of 50 cents per share has been declared on the common; stock, par $10, payable Oct. 1 to holders of record Sept. amount was paid on April 1 and July 1, last. Payments were as follows; April 1, July 1 and Oct. 1, 50 cents each, 19. A like during 1941 and Dec. 18, 1145 Arundel Corp.—Earnings— Mos. Ended Aug. 8 THE COMMERCIAL & FINANCIAL CHRONICLE , 31— Bangor & Aroostook RR.—Earnings— . 1940 $612,476 1941 1942 $1,120,279 •Net profit $880,212 Period Ended Aug.31— 1939 Ry. oper. $326,145 352,586 230,258 $4,467,335 3,010,706 oper. $26,441 $949 $1,456,629 11,056 26,147 664,015 *$37,497 *$25,198 $792,614 $785,604 42,941 45,054 148,046 Net fr. rev. ry. $3,877,192 2,615,946 , Ry. oper. income—--' income, net Rent . Net (& Subs.)—Earnings— Months Ended— sales'".— Total net Est. Aug. 1, '42 ry. Aug. 2, '41 850,000 Provision for Federal faxes—... Int. on Int. 375,000 on of Number approximate net profit——-—_— $600,000 inventories-——14,600,000 transactions —;— 12,248,000 $3.12 $2.83 sales Average .gross _™.— —-— ■ . for the fall season A Pays Accumulated Dividends— 1941 were follows: as 1, $6.75; $3.50; 2, Bendix all 2, $3.75, reorganization of the announced Sept, 22 arrangements for the sale of subsidiaries, the Louisiana Public Utilities Co., Corp. system's & Electric of one Inc., the for a base price of $3,000,000, A contract has been entered into for the sale of the property to D, Gordon Rupe, Jr., R. A. Ritchie and G. C, Hyde, Texas capitalists, who will operate the company. < Louisiana Public Utilities, a 100% owned subsidiary of the Asso¬ ciated Electric Co. (With no securities in hands of publics which in turn is controlled by the Associated Gas & Electric Corp., supplies electricity to about 12,000 customers, natural gas to 4,50O and water to 1,250 and ice in a number of communities all in the State of Louisiana. Gross revenues of the company for the 12 months to July 31. were $1,534,000, of, .which $806,000 was from the sale of electricity. income for Net the period was $340,329. This marks the second major sale in the Associated Electric Com¬ same pany in recent months. In June, a major part of the properties of the Kentucky-Tennessee Light and Power Co. were sold to the Tennessee Valley Authority and neighboring municipalities. Plans for the sale of the remaining Kentucky-Tennessee properties have been developed and are expected to be announced shortly. y,, yy y^yyly Plans for the use of the proceeds of the sale have not been com¬ pleted, it was announced, but Associated Electric contemplates filing shortly with the Securities and Exchange Commission an application for permission to acquire its own debentures from other system com¬ and Corp. ft ; units, or V. production of 114,410,111 above 11.3% 156, p. This is an increase of units (kwh.t. 1013. • units a 12,917,932 year value common stock.—V. par 156, p. Atlantic Notes Called— the outstanding $11,317,000 of 10-year ;■ collateral trust 5% notes, due May l, 1945, have been called for redemption as of Dec. 15, 1942, at 102 and interest. pany, 71 Broadway, Payment will be made at the railroad com¬ V. City.—V. 156, p. 862. ;/;YY; N. 1942 Gross profit from sales Sell. & general expenses Other income $464,092 407,694 $564,082 y 502,230 533,504 4,000 10,891 ——— Provision for Fed. taxes 20,000 4,600 4,000 y 13,540 15,000 i_ 14,117 Notes Profit for the *Loss.—V. 4 mos. 155, p. $21,507 $29,312 / $453,994 519,714 Crl,126 4,639 % / 12,211 . as Vice-President and Western group head. coordinating the widely diversified engineering activities through¬ all Bendix divisions, Mr. Marcus will be Chairman of *$81,443 *$33,576 L. by Radio formerly Hyland; A. Division, Further Washington special of representative of Republic Steel Corp., Vultee Aircraft, Inc., and Consolidated Aircraft Corp., has retired from the board of "directors of Aviation Corp.; according to an announcement by Victor Emanuel, President. Vultee Aircraft and Consolidated Aircraft afe affiliates of Aviation Corp. . 1 , Mr. efforts be Girdler, it wavs stated, will devote his time chiefly to his in the available to It steel and war airplane companies which he heads, but will for consultation. - Aviation Corp. also was announced that Colonel Arthur W. of Herrington, Chairman Marmon<-Herrington Co. of Indianapolis, has been elected of Aviation Corp.—V, 156, p. 748. Baldwin Locomotive a director Works—August Orders— Dollar value of orders taken in August by Baldwin Locomotive Works $37,650,547, compared with $21,380,520 in July and with $6,232,417 in August, 1941, according to Charles E. Brinley, President. This brought the total for the first eight months of this year to $301,881,233 as compared with $64,470,830 in the same period 4n 1941, Sales billed by the corporation and its. wholly-owned, subsidiaries in August amounted to. $13,981,264, including billings of cost under costplus-a-fixed fee contracts as compared with $13,262,418'in July and with $5,712,901 in August, 1941. Sales billed for the eight-month 'period of 1942 aggregated $101,521,513, against $30,038,298 for the 'corresponding same period of 1941, Unfilled, orders of Baldwin Locomotive Works and wbdlly-owned subsidiaries totaled $363,259,890 on Aug. 31, 1942, as, compared with $161,942,347 on Jan. 1, 1942, and with $144,180,810 on Aug. 31, 1941,^— V. wholly-owned subsidiaries 156, p. 954. was , . $8,437,832 i* — ,i«y $600,000 " 6% it, has that 2nd which corporation, rently converting Carpet with other to delphia stock (par 3,000,000 150,000 ——i.-A'i-'*-- — 150,000 3,752,775 $100i—— (105,537 shares no pan -V. _ 3,752,775 700,012 329,060 $8,437,832 156, p. 1014. Brboklya IJnion Gas Co.—25-Cent Dividend— The directors have declared stock, common similar A no par 156, 396. p. was share on the made on May 1, last, and on Sept. 3, 1940. ' • Bulova Watch Co. carpet manufacturers is cur¬ materials, has just been Phila¬ war dividend of 25 cents per a value, payable Nov. 2 to holders of record Oct. 5. distribution contract to produce (& Subs.)—Earnings— : ; received also order an for wool corpo¬ Army overcoating.—V. 1942 loss Net 1,071,049 1942 ; v: Other $496,828 14,833 profit 14,557 — of rates $24,440 Dividends V banks and on hand, deposits, $2,050: Up 9.1%— to dividends a new 50,000 shares of & Co.; A. G. Becker & Co., Inc.; Union Se¬ Co., or certain credits. Transfer agent: Guaranty Trust Co. of New York. Registrar: Bank of the Manhattan Co. > Listing.—Corporation has applied for listing this issue York Stock Exchange. Funded Debt and Capitalization, Sept. 23, the New on 1042 (Before giving effect to present financing) Authorized Outstanding $6,000,000 $6,000,000 125,813 shs. V ; $2.75 series /.>;■;' .. ;'*73,213 shs. $2.50 series50,000 shs. 3%' promissory notes, payable serially — Cumulative conv. preferred stock (no par) the common This compares paid on March 20 and June 20, last. Distributions of 50 cents each were made each month during 1941, and in addition an extra of $3.50 was paid on Dec. 23, last year.—V. 151, p. 3882;'";:;;.:;;;,';% Aeronautical of preferred stock ($2.50 series) is redeemable at $53.25 per share before Sept. 1, 1946, and at $52.25 per share thereafter, plus dividends. Convertible at $21 per share of common stock, taking shares of this series at $50 per share. Sinking fund of 2% annually of consolidated net earnings, is provided for, after interest on funded debt aftd dividends on cumulative preferred stock, subject on Common each Brewster 156, p. 396. Mills Corp.—Preferred Stock Offered—A accrued system output of the Boston Edison Co. as reported to the Edi¬ 19, 1942, was 30,599,000 kwh., as compared with 28,047,000 kwh. for the week ended Sept. 20, 1941, an increase of 9.1%. I '■ For the preceding week ended Sept. 12, output was 28,261,000 kwh., a gain of 1.5%.—V. 156, p. 1014. j 1 of $2 per share was recently declared payable Sept. '25 to Holders of record Sept. 15. additional taxes calculated in conformity with The on Electric Institute, for the week ended Sept. dividend 324,881 $0.81 $1.52 Inc., and Merrill Lynch, Pierce, Fenner & Beane. 1564. p. 324,881 $1.70 share- curities Corp.; Hallgarten & Co.; R. S. Dickson & payable to bank, $140,000; notes payable (other), $6,038; debenture notes payable, $50; accounts and acceptances pay¬ able, $131,759; dividends payable, $2,518; employees' savings fund, $24,039; accrued liabilities, $48,417; 4Vz% cumulative preferred stock (less 100 shares held in treasury), $223,800; common stock, $300,000; 151, 324,881 $2.53 stock common Wertheim Liabilities—Notes $1 —324,881 130,648 ... $381,529; inventories, $455,739; advances on com¬ investments, $17,863; fixed assets, 858,116; prepaid expenses and deferred Charges, $62,096; total, $1,003,519. $15,000; total, $1,003,519.—V. $263,911 cumulative convertible pre¬ ferred stock, $2.50 series (no par). v Associated with Lehman Brothers in the offering are receivable, surplus, $126,897; $552,085 proposed by Congress.—V. issue bid $826,353 104,589 147,738 246,07S" banking group headed by Lehman Brothers on Sept. 24 1942 $11,126; V $495,032 Y; offered at $51.25 a share and accrued $49,512 ; *850,281 Burlington 25,072 ± — Balance Sheet, June 30, earned 15,800 Vf : $499,148 $945,898 89,837 •Includes $236,814 for $9,883 — in •$483,348 837,523 —— outstanding loss Assets—Cash • ' $1,768,153 91,518 charges and taxes— Net Shs, cash discounts, etc. mitments, 15.205 $1,422,392 Deprec. 500,037 Earnings per accounts $930,693 13,275 % income Gross operations (loss) $1,754,878 11,816 - Other income Other income Balance 1,168,186 $1,147,688 664,340 -,'n'VT-v sales from 1939 $1,750,945 820,252 Co.- Year End. June 30— profit on 3940 $2,923,065 profit Expenses 156, j Bobbs-Merrill 1941 $2,481,625 3 Mos. End. June 30— Gross 689. A 68,646 o 3,000,000 $9,506,804 stock preferred Contract— 700,000 army blankets for the Quartermaster's Department of the U. S. Army. This a has ration son 31,646 (par $100>_—. 1,18^ . $1,410,576 awarded p. 400 purchased Co., Inc.—Army production more 26^084 363,889 214,524 : contingencies.,;.-./..-y——' SUrplUS —V. Bigelow-Sanford This 1 —v . all of the out¬ Consumers Credit Co. which operates 24 branch offices in the States of California, Washington, Oregon, Arizona and Utah, with an approximate investment in small loans of $2,700,000. The purchase was made for cash.—V. 156, p. 1014. ,yy-',y%%%'y%: announces term)— preferred stock Common director Beneficial Industrial Loan Corp.—New Subsidiary— corporation standing stock of __:. 24,782' for 1st Total The Jy_ (long loan 7% Bendix appointed — : ..—-i taxes Reserve the Baltimore. broadening was , stock (par $1) - +1,200,000 shs. —— 1659,969 shs. tThe shares of common stock outstanding do not include 3,665 shares in treasury. Of the authorized but unissued common stock 9,020 shares are reserved for issue and sale to certain officers and employees at a price of not less than $18 per share and 299,556 shares are reserved for issue upon the con¬ version of the outstanding cumulative Convertible preferred Stock, $2.75 series, and the cumulative convertible preferred stock, $2.50 series now offered), such number of shares being the approximate num¬ ber issuable upon conversion <at the initial conversion rates) of all the cumulative convertible preferred stock in treasury or to be out¬ standing upon' the sale of the shares now offered. ?/ Corp.—Suit Stayed— "Exclusive of 2,600 shares in treasury. , Supreme Court Justice Benedict D. Dineen on Sept. 23 granted a stay until Nov. 2 of all proceedings in a $10,000,000 stockholders' accounting suit brought against former officers and directors of the corporation. The stay was sought by the present management on the ground and to that it required additional time to study the issues involved determine what course to take in the best interests of the and the stockholders. present management took control last spring after the company taken over by the Federal Government. The stockholders' action was started earlier in the year, charging conspiracy by the Miranda interests, which controlled the company before Federal inter¬ vention, to make "large personal profits" at the expense of the com¬ company Sales The had and 143,086 $9,506,804 Security deposits, employees and lessees horizons in the engineering field, A. A. of research and heads up a new re¬ search laboratory in Detroit.—V. 156, p. 954. J ' Kucher tax Income general engineering committee, and also will direct operations of the new devices and patent group. In this work he will be assisted stock, (Del.)—Director Retires— Girdler, Chairman 3,2$9,<>SZ 93,158 - Capital created with Tom M. 3,393,629 met). —— payable Other newly- a • 2452, Aviation Corp. plant and equipment charges —1 Accounts payable (C.) Brewer & Co., Ltd.—$2 Dividend— . 875,500 1,003,643 Liabilities— Aviation Machine Division at Elmira, formerly factory manager, was ' . 41,844 38,811 .825,677 Realty Corp.-,.—. Investments Deferred 76.207 v 2,326,380 3,241,490 — 1,002,174 Due from Bohack Property, : 129,352 X—' — 26,305 W- Tinkham, T. Boston Edison Co.—Output 1939 $518,645 155,734 Sundry deposits and claims' receivable. Net 1940 (netj^-yyy-'':y^__:yy:'::yyy_^-:_-;'y- Depreciation ; Interest 1941 receivable- Inventories 1941 $555,785 170,107 reserve-— 134,347 Austin, Nichols & Co., Inc.—Earnings— 4 Mos. End. Aug. 31— Accounts -VY///'' y the close of business Sept. 17, offered Coast Line RR. 4% Louisville & Nashville collateral bonds due 1952, at a fixed price of 73 net. Dealer's discount, %. ' of receivable- 585,542 Net Lehman Bros, after All Accounts 28,846 108,421 Atlantic Coast Line RR.—Secondary Bond Offering— ; 1942 $612,407 Assets':— Cash. , $329,060 v'.-OV, 149,721 South Bend, Deficit $1,000,000 i-ui 7,724 ■iv. $700,012 31 Comparative Balance Sheet Jan. Total of Bendix 2/400, — 745,677 ;: 1013. Eclipse of ^ f* j— w ; $336,783 $702,412 >*» •«* Surplus at end of fiscal year- . reelected Vice-President . group at Manager year..'—, surplus Surplus charges ago.— , City Bank Farmers Trust Co. has been appointed registrar for $1 Total ; y Vice-President of manufacturing in '.'y, as L." $373,352 tfef $71,150 329,060 407,610 __._.y;iyy323 taxes Interest, The former Departmental operating and administrative expenses.—:. Depreciation, State, county, capital stock and foreign taxes Atlantic Coast Fisheries Co.—Registrar— the 108,421 Payroll The trustees of Associated Gas & Electric Corp. report for the week ended Sept. 18 net electric output of the Associated Gas & Electric group was 127;328,043 Marcus, 55,782 27,308 : .1 ^.v this corporation of Y%lv\y^y; President. of Charles - was — tax-——.- ^Surprusjcredits-'i-'-.,;— General Division General Income loan Y as Electric Co.—Weekly Output— & Lansing, ' Other deductions ■ Capital Gross Associated Gas executive staff 22,922 18,503 $509,081 loss $15,368 — appointed General Manager of the products division, succeeding Mr. Y. N. further augmented by this sale. Certain of the funds also may be used lo expand the properties of the Pennsylvania Electric Co.—V. 156, p, 248. . •'=; panies out of its substantial cash resources, the R. Breech, executive, Eastern group. William L. McGrath In Gas income. Net. profit Surplus at beginning of fiscal appointment the out Associated 6,661 Total ■ ; realignment of P, 196,585 $490,578 loss $38,291 Operating $440,582 • Manager of Eclipse Aviation and Bendix, N. J„ was appointed VicePresident and group executive in charge of Eastern divisions. G. R. Schenck, former Acting Manager of marine division, was named as staff .assistant to Mr. Lansing in charge of industrial relations for ever, Associated Electric Co.—To Sell Unit— in 6,391 $471,402 156, p. 954. Instrument 362,035 profit \Other income,' group executive of the Western group. Marvin A. Heidt was named as his staff assistant in charge of industrial relations and also as Chairman of the Industrial Relations Committee for the corporation, ■ ' The. trustees 824 *$40,548 plants. Raymond ' 25.074,502 207,948 Ferguson, who will continue to maintain his office In South Bend, how¬ Sept. and Dec. 1, $5.75, all on account of accruals.—V. 156, p. 599. : 789 included 28,669,218 v; 3,521 Malcolm P. Ferguson, former General Manager of Bendix Products Division, South. Bend, Ind., succeeds Mr. Thomas as Vice-President and v/y/ June i , *$52,396 former Western group 21 March »: , executive over Eastern divisions, as Vice-President in charge of engi¬ neering throughout the corporation, and appointment of D. O. Thomas, declared a dividend of $7 per share on the 7% cumulative second preferred stock, par $100, which will clear up all accumulations on this issue, payable Nov. 25 to holders of record Nov. 6. This compares with $2.75 per share paid on Sept. 1, last; $1.75 on June 1, 1942, and $5.25 on March 2, 1942. Payments in Sept. 22 debt functional Pioneer on 474,249 565 $941,402 •490,638 yyyy y. income y— Promotions The provision of $850,000 is the best estimate of the proportionate amount to be charged. In view of the excess profit tax limitation and a probable corporate income tax of 45%, earnings for the year would appear to be limited to 55% of about $3,750,000, plus 10% of any earnings above that amount. This would appear to forecast earnings after taxes in the neighborhood of $2,100,000, By the same token, these earnings are secured by the margin of earnings jabove the excess profit tax. limita¬ tion. Should the fall season this year equal la'st year, which is not anticipated/ this margin wiU.be about $1,750,000, 90% of which will be paid in excess profits taxes. directors 61,232 yy.Y 6 y on announced by Ernest was second half year. The $952,064 Bendix Aviation Corp.—Reorganizes Executive Staff— the first and (53 weeks) 332,250 ,i r> r — , (before Federal income taxes) beyond which paid, is about $3,750,000. Until the earnings and the tax bill are known, it will be impossible to make a correct division of the excess profit taxes between $22,073 58,943 debt- discount 1941 1942 $29,699,994 $25,594,832 yY'/y;/;'.; debt-- unfunded of •Deficit.—'V. taxes are profit 31— Jan. Cost of sales and operating expenseDepreciation ———— Federal, state and municipal taxes--— Federal Net Note—Annual earnings excess: 15,268 for Reduced^ dividend of 30 cents per payable Oct. 15' to holders of 40 cents per share previously quarterly (52 weeksi $525,000 8,600,000 — a par (H. C.) Bohack Co., Inc.—Earnings— "$926,134. 11,404 funded Amort, 12,502,000 $94Q,660 ,, charges.,—$7,342 funded Estimated Merchandise $19,856 '.;y; 2,2i7 Income-,. available fixed -.1^,—*„■- $33,119,000 $29,905,000 1,450,000 900,000 $5,444 ;,net,-_-yyyy1,898 oper. income, Income profit before Fed. inc. taxes- approx. oper, stock, Net ..sales Other 6 declared have common Years Ended . Associated Dry Goods Corp. on $20, record Sept. 30. This compares with paid each quarter.—V. 152, p. 3962. . respectively, on Aug, 31, 1941. . The„eompany reports that the volume of contract work on hand is $19,499,715 and the outlook continues satisfactory.—V. 156, p. 953. the 140,530 August profit $1,412,629, Hydraulic Co.1—Dividend Rate directors share $1,261,248 475,642 Ry. oper, expenses before Federal and State income taxes was $235,764 in 1942, against $156,095 in August, 1941. Current assets as of Aug. 31, 1942, amounted to $5,085,148 and current liabilities were $2,572,090, comparing with $3,674,673 and The 1942—8 Mos—1941 $291,207 Monday, September 28, 1942 : Bridgeport 1942—Month—1941 revenues-—— Ry. tax accruals.---,-- $914,421 depreciation, etc., but before Federal and State income taxes. •After » ■ v'Y - Manufacturing Co., Inc.—Earnings— 6 Months Ended June 30— *Net profit •After 1941: 1942 $213,541 $205,131 — ——$1.29 Earnings per common share depreciation, Federal and State income taxes, , $1,34 etc. half of 1942 amounted to $210,967. excess profits taxes, Current assets as No provision was made for Federal the report states. of June 30, 1942, amounted to $1,000,635 and cur¬ rent liabilities were $505,623, comparing with $958,194 respectively, on June 30, 1941.—V. 156, p. 954. and $333,158, Year Ended , to to to , Dec. 31,'39 Sept. 28/40 Sept. 27/41 June 27,'42 $39,270,505 $36,805,112 $63,165,310 $61,064,148 "Consolidated net profit, 2,008,311 1,951,942 3,437,654 2,718,156 Provision for conting.-300,000, 800,000 Consolid. net net sales. profit..' $2,008,311 $1,951,942 $3,137,654 $1,918,156 "Before provision for contingencies. was organized in Delaware Feb. 15, 1937. the original corporation, was Incorporated in Inc., succeeded to the business Of Burlington Mills,Inc., and five other corporations and of Burlington Mills Co. (a co-partnership),, which had been engaged in the same general business since various dates subsequent to 1923. Rayon Fabrics Corp. and Duchess Febrics Corp. commenced business in 1931. Pur¬ suant to agreements and plans of reorganization, the corporation Business—The Burlington Provision for estimated Federal and State income taxes for the first Stated Periods yv;.:'/ .period %'■; Jan. 1, '40 Sept.29,'40 Sept.28, '41 YY;,:%-v; Consolidated pany.—V. 156, p. 1014. Brillo and Earnings for Jr''■in"1 been 1923. In Mills, corporation Inc., 1934 Burlington Mills Co., . Volume 156 acquired of as THE COMMERCIAL & FINANCIAL CHRONICLE Number 4111 31, Dec: all 1936, assets, the and good property Dividend will, V. subject to liabilities, of Burlington Mills Co., Inc., Rayon Fabrics Corp. and Duchess Fabrics Corp., all North Carolina corporations diVectly and. through. subsidiarles, were, fabrics from rayon yarns and rayon, mixtures, and to some extent from cotton yarns;..throwing and dyeing rayon yarns, and to some extent, cotton yarns;. dyeing and finishing cloth; and selling the manufactured goods. Since its organization the corporation has conducted directly and through its subsidiaries business of the same general character. The principal woven products' are vThe manufaturing in woven Period Ended women's in City state to New York City. trade fabrics dress wear York New include and the which Other in sold are resold subsequently the woven last (see Celotex Corp. 9 Months Ended Net Ry.—Earnings"• V $ v $ 34,419,000 20,637,196 193,179,858 183,038,324 150,983,604 Other revenue Week Ended Sept, - Gross 156, 42,196,254 1942 Z_-—ZzZ_^-____-_- 1015. p. 53,928,676 21— revenues —V; 5,171,732 8,177,659 —— products other of corporation the styles and grades of ladies' and nylon were and subsidiaries are which until its thrown silk have present and nylon total a Net plant and capacity in volume dollar tric of. from Corporation also operates a yarn, finishing plant, both located in North hosiery the • Due Carolina, to has corporation voting stock outstanding with 10 each paid cents Jan. on April 1, and July 1 °No other of acquired recently other two in 'the engaged its the principal subsidiaries, will consist fashioned silk men's Dec. hosiery of products various hosiery manufactured nylon or corporation the of styles and grades of ladies' funds, based maintain used inventories, to accounts the on corporation needed increased the during cash receivable other and and full Lehman Brothers Inc.— ; Consolidated- Balance Merchandise inventories Accounts receivabte, sundry_• Notes and lives Zv Z in Total his to the 1926 his or Interest" ' its ——_Z__ the.r with are and the the on July 1913, 1, aggregate an of 195 In .1928, approxi¬ he its York New u He president. was con¬ never Hudson Power constituent or agreements, or Corp., Niagara to whom it has purchased New by proposal a York the indicates its mortgage the it purchased basis from under oral all of one of 1937. since the pre¬ York New sixe at has applicant in of has management that property small The a through unsecured order the exercise of the veto interim report An "July of. 1942 tion with voted never found $5,312,000,. and v for 1842 as ZZ— — ."Backlog - Capital surplus r ■■■-:; —v°156~ p~ Z Z. stock; $2.75 series. —j._ with funds enables 9,255 of tioned unfilled ~ these obtain to banks, to minimizing thereby and (other 269,485 retirement reserve._____z___ for Appropriation Amortization repairslimited-term of than ZZ for Federal income Provision for Federal excess nine ' . 734,381 taxes.— of of July change a in fiscal year have over the $23,- booked totaled 102,081 $2,384,041 for lease of electric plant- - cash be aside set for debenture retirement after Gross • stock , and in 1938, of $60,000 Higher undue burden an receive $10 to in $1,000 debenture. per shares 9,315 .submitted contains gress, with to $2,023,777 on funded Amortization discount and of $2,026,519 842,500 per tax U > 203,223 expense, 3,724 z. the corpora¬ upon of cash and All stock will told, be costs of than more to $18,630 debenture and to approved stockholders by at pro- the last the provisions United States for the renegotiation Government. These of contracts provisions made authorize the Department, the Navy Department, and the Maritime Commission renegotiate contracts looking toward retention by the United States, repayment to the United States, of any portion of a contract price abandoned Miscellaneous deductions ■%•; 40,520 Z • . Z .■ for company in made 1942 bill tax is months-' with enacted of the in net 31, income and period the form the excess in July 31', of which provisions the Seven months' The share, and directors on $1.50 quarter 1941. it. 12 of the on on 7% the 1942, Sept. 18 was months' If by have 1942, the / preferred 6% all stock, preferred payable $1.50 stock, Oct. quarterly 15 on series to . of such Carrier's , review current cannot, at earnings % this time, law, passed seven Central Production dividends the-6'/ Profit July . " ..■ of $1.75 per passed corporation program of will by be Z:Z-z' Z'/ u, the House forced Improvements to to 'Zz: of Representatives adjust downward its manufacturing 835,375 246,335 158,614 944,274 373,502 $278,966 $293,881 $3,308,498 $3,91$,290 2,969 2,104 64,851 35,770 $281,935 $295,985 $3,373,349 $4,025,060 113,038 110,260 1,346,918 3,872 Cr5,527 Cr2,470 income . (net) of, P. - ____________ ______ 16,012 163,210 179,833 $173,240 $1,865,691 $2,121,137 112,265 1.347,181 requirements, and for provision the year to normal 112,265 estimated The facilities, (2i surtaxes. Federal has been 1942 deductions or Federal income and have taxes for expense been adjustment 407.352 12,407 The of estimates for id , periods in to include the September, 1941, of of 1941 defense which will . amortization covered of this by or arise . proportionate which rate without are . , acceleration and the adjusted made expenses 40% a the for tax at 1942 financing >, 1,343,015 income computed •, through the proposed merger. ment Crl3,714 ______ $152,618 applicable discount 1,330,452 , adjustments for possible deductions for the amortization war 51,939 / *' deductions the 780,032 58,221 - debt state¬ of the retroactive was part to the beginning of that year.—V. 156, p. 955. , '■;« Central The States Electric Co.—Accumulated Dividends— have directors all accumulations, 43% cents declared payable 7% on , the Sept. preferred following 30 dividends holders to stock, A par of $100; of account on record 10.937 Sept. cents 15: 7%> on preferred A stock, par $25; 37Vz cents on 6% preferred B stock, par $100, and 9% cents on 6%- preferred B and 6% preferred C stocks, Like amounts were paid $25. on March 31 and June 30 last, and during 1941. /'/z/Z;-/>Z;....-z ,y v at April 2. 1942, amounted to $56.43% on the 7%% preferred A stock, par $100; $14.32806 on the 7% preferred A stock, par $25; $49.6'2l/2 on the 6% preferred B stock, par $100, and $12.28Va par in each quarter Arrearages . as each on the 6% preferred B and C stocks, Central Vermont Public Period End Aug. Operating $25.*—Vz 155, par Service -: 1942—Month—1941 31— 1673, p. Corp.—Earnings— 1942—12 Mos.—1941 $250,3.95 $227,778 $2,824,290 $2,628,161 50,753 47,337 605,708 581,151 power Maintenance 91,401 83,087 886,144 8,278 9,047 112,709 104,997 depreciation.. 31,230 26,245 330,832 304,754 13,764 13,623 169,724 179,734 revenues ___ Operation Purchased for security Federal Fed. Eureka of from ore Operating Dividends Z* • ; : 19,166 55,799 12,000 6,554 143,792 137,658 $36,707 175 $35,441 501 $494,658 $35,942 $492,352 $638,741^ 20,417 20,417 245,000 1,296 1,256 1,859 16,882 37,664 245,000/ 14,76Sr 4,277 $10,892 income $ft,410 $192,803 $352,165 18,928 ' 18,928 227,136 227,136 • tax_ Gross income interest Other deductions (net)— Net income Pfd. div. 28,76!) 45,500 36,000 „„Z__ Z_z.Z-' ^ • Z\ z >• requirements— Notes—(1) The estimated $634,043 ' 0r2,306 t 4,698 26,813 provision for Federal income tax for the 1942 have been computed at a 40% rate for normal for ments facilities the and The surtaxes. possible deductions or of deductions estimates for the for 1942 are without of defense amortization financing expenses which will arise adjust¬ or war through proposed merger. i2t Federal statement income taxes for adjusted have been to the periods include the in 1941 covered proportionate in September, 1941, which beginning of that year.—V. 156, p. 777. adjustment made was by part retroactive this of the to the Chef ford Master Mfg. Co., Inc.—5-Cent Dividend— The company the on common compares on Sept. stock, paid 15 par $4, dividend of a holders to of 5 z per share : Sept. 15. This cents record wlt)u4-cents paid on June 15, last, and 12 cents each quarter 15, 1941 to and incl. March 16, 1942.—V. 155, p. 2274. from March Chesapeake & Ohio Ry.—-Earnings— $ from Net from Net ry. "Z 1942 August— Gross '1941 2,682,002 Income oper. ^ 8.502,509 8,400,789 4,777,303 116,756,121 54.112,507 20,392,907 95,247,862 44,520,032 27,633,493 From Jan. 1— from Net from Net rv. —V. Z> 1940 ' z 1939 $11,433,220 6,058,839 %5,409,379 4,319,784 4,081,327 railway.— $16,669,536 $15,242,999 $12,373,710 railway—z— Z railway.— railway—— Income 156, p. 337. oper. 89,472.371 39,753.454 27,878,771 70,501,428 26,545,143 18,299,759 Chicago Attica & Southern RR.—Would Scrap Road— 18 asked the U. S. District Court at South Bend, metal properties, of and to dispose of almost 16.000 The company has been in receivership sine? will hear the case in October.—V. 135, :.:-(^":z:%;>z z/z' : //' Judge Thomas W. Slick p.' 3350. " . $435,505 $52,200 ' Surplus . periods applicable to the year 1931. 97,700 __z paid W.M55," pZ-2180.' 16,996 63,727 4.989 ' Net operating Income Non-operating income- tons production of ore_____________..______________ gain- 1,699 4,745 than Ind., for permission to cease operating Mining; Co.—Earnings— (tonsl_ 1,273 $36,882 other tax income Federal taxes, State___ and taxes 610,859 facili¬ stock; of 1927, for the third holdersZoft record "Sept. 30. 66,168 63,041 Income Gross Operating profit after operating expenses Depreciation and taxes____ z".;:"V:'-'Z preferred with Earnings for the Seven Months Ended July 31, 1942 months ended 760,159 17,739 Company on Sept. recently the com¬ the this planned determined. calculated ties.. The same situation will probably prevail with respect to research and development looking toward the post-war period."—V. 156, p. 863, pending by bill., recently tax be be cannot ^ been the periods ■// declared the becomes $897,010 taxes reouired profits taxes for and Regular Dividends— . profits would be reduced by $179,700 in each period.- 1942, "If 1942, would be increased by approximately $179,700 and for result carefully excess Act the Accordingly, ' „ ended Revenue Representatives, pany for Federal income and ended July 31, income ously assurance. 18,812 .-.zz.fi 22,393 V ' Federal the seven accordance the House by for % 59,290 $1,018,143 Note—Provision .. •Z Z--Taxes k E. div. for V Contract Renegotiation which may be found as a result of such renegotiation to represent excessive. profits.,. However, 'excessive profits' are not defined. All .this means that various Carrier contracts may be reviewed, and obvi- Z Cr2,837 projects 927,451 90,235 amort.- Notes—tit five shares of Carrier not distributed or 4,941 Cr2,590 513,943 61,810 tax____ income & period annum rates made Z 842,500 '• z preliminary 2,742 180,159 Z ■: — v $2,101,269 charged to construction Amortization ' i debt.—__.l_•_ of debt interest Interest '■ Z)r43,475 : ____ -—J, income Interest Other —— 498,191 5,206 14,774 interest Pfd. taxes t;.i (net) 130,571 57.483 • 4,963 Other Originally the indenture uhder which the debentures meeting. Z 1 I „ 239,051 $2,144,744 income 1,697,644 165,153 : Zz'vzz'/"!-• Z- Bond interest War Other 2,315,930 24,251 70,699 taxes, . corresponding 10-year 4'/2% convertible debentures have sanc¬ the sinking fund provisions under which 20% of provisions, adopted was • $2,262,828 239,297 "Z $8,455,694 205,232 236,242 State___ operating Bond z'-'Public Law No. 528, Which Was passed by the Seventy-seventh Con¬ Rent $9,299,428 $26,- Sinking Fund provided for a fixed sinking fund of net earnings before income taxes. annual 701,686 >349,662 >:/.'• 78,169 374,500 z 1942—12 Mos.—1941 • $791,846 • to Orders increase preceding period. figure < amounted earlier. year a the 54% a end of The z purposes. the at that months represents visions . profits taxes of business. war holders. .The program that resulted in the revisad sinking fund '7,270, - Co.—Earnings— taxes Gross was holders of the common 497.500 7,270 Z. orders 100% war Uaer'montrr ; Under the revised plan the fixed sinking fund remains un¬ changed, but the contingent 20% will be calculated after taxes. The effect of the revision will be stamped on each debenture and then the in ' investment for excess holder will be entitled 237,875 520,000 income taxesi__Z_ Provision v, $5,430,188 1,295,198 — . 1941 , and income Social tion. 1942 Operatihg/revenues_zZ__.*__;_'_^Z_—Zi-zZ_——Z-. $5,661,489 Operation : 1,269,731 Maintenance first plus 20% ' Net Z ftarry to it Canton volume Uor issued were ~ California Oregon Power Co.—Earnings— Years Ended July 31— in earnings will .instead of before. $38,735,115 1015."" ~ ~ is 95% 47%; The practically was or net Z./ZZZ /// Z this the "The 6,694,748 :'Z booked. Debenture 659,948 10,703,562 " Z;Z' ZZ Z/Z ; including Aug. 1; per share were cents State & municipal taxes local power. orders 3,690,650 ' z — — Earned sufpiuS z stocks common convertible preferred to whole a 1,200,000 in 20 82,684 Non-operating incomes it dated Sept. 18 says, in part: the largest-month in the hist/ory of Ujo-csrhora- was respect 579,000. This months of the etc., contingencies— ■ stockholders' a never obtain to company loans presently owes $6,000 on unsecured notes, during ____z_ Federal Hudson purchasing management, year-to-year a was Central of record funds 6,000,000 interest of Prov. Which 392,343 ; • promissory notes Minority Div.—^ applicant. United from on electric energy business. 3% Cumulative wz ; , 46,241 security - Federal acquired former contracts no The voting board of of subsidiary York concerning requirements against The 593,000, Common stock (par $1) for ; z-.. since and quarter .Zz 9,843 , Social Scheller, 20-year contract 1928 after which energy was purchased from the same com* 3,629,385 for credit, .'-zzZz 1942—Month—1941 State & of nor Central energy Reserve for Federal and State income taxes (net)—j Reserve were $104,842 (Including .depletion. reserves. dividends $837,612 ___ held president, as applicant's of any there applicant companies stock on 487,752 45,038 * $0.30 there as (Includes ' depreciation-, municipal taxes interest applicant's company acquired election from association services, thereto, necessary 3,834,313 Taxes (other than Federal and State income taxes). Taxes York the record, with is necessary •1,348,124 » to to holdings New to with 1917 of Yi, and it is represented that he way with The United Corp., Niagara between electric the $40,000 __ Payrolls (including amounts due officers)...--—i._ *. each for Other Carrier Corp. (Del.)—Interim Report4- _______________________ Prov. Accel, and $38,735,115 Sundry liabilities taxes profit, %.;• ;Z power Maintenance $225,384. Carl. P. stock from various individuals. his prior meeting. Liabilities- ; had chairman " 47,873 . associated revenues 1940 be 1939, N. any ending in 156,087 z to were share; 1 and pany on a year-to-year basis until 1937. The applicant represents that Central 12,834,209 1,006,983 58,249 , assets Notes payable, baftk^Z Accounts payable, trade made quarterly 351, 76. Purchased D. which 64.73'f of owner treasurer subsequent of accounting decessor 62,725 * stock Chisholm, A. Corp. or Central New Prior 15,830 30,097 Deferred charges..____________ Cther been which p. Operation Federal have there been any intercompany loans or advances between applicant and such companies. Applicant states that the only contractual relationship it has with any of these com¬ $4,191,911 * total assets its common the from dates Central written, it3 Property, plant and equipment (net)— became Canton, According . 14,053 185 - in Power 6,277,966 L——- * i 9 nected or receivable. accounts Investment,, at.• cost-_ _i—_ He ' remainder or - par) president, months > reported George the ., policies. , its various at panies , . is companies 3,900 shares. • insurance share; mately ■ sharep — 1 pro¬ to —' — life *' 638,410 $1.72 have Z Period End Aug. 31— Operating Net • carrying J . 3,900 shares ^ — value above contingent tax ;Z ZZz; Central Maine Power Other its common < employees surrender $305,458 638,410 % Federal-Income of . has outstanding as fol¬ ($100 W.Z McGaughey, directors. Sheet, June'21,'1942 hahd nnd in banks— shares; and 5,600 shares Accounts receivable, customers (netI__Z— Due from and $1,208,704 638,410 $1.14 declared a dividend of 17 cents per share on the stock, payable Nov. 2 to holders of record Sept. 30. A similar prior McGaughey, 728 shares; Central New York Power Corp., Roy E. Bassett; 3 shares; Maude Rouselle, 1 share; Mark Phalon, securities Assets- Cash directors to W. Corp., 5,900 applicant John John 6,600 shares . Hallga'rten & Co on for excess 337. p. distribution Power Corp. books for the years ended Dec. 31, shares of 15,000 shares 9,100.shares <___ R. S. Dickson St Co., Inc.___ ! • Merrill Lynch, Pierce, Ffcnner & BeaneZ Cash made was taxes paid.—V. 156, 1 share. will- -be and " z—- A. G. Becker & Co., Union Securities $837,940 of per shares 395 purcha^edhy each follow'; " /Wertheinx St Co.™.. , items, , Central New York or subsidiary a the 1,140 K. business in assist 1941, income lows: of the principal underwriters and the num¬ names ber of shares of stock to be • of 12 /months, ' to current vide for the corporation's future requirements. Underwriting—The volume past balances Power Corp., York, were and lrom rayon and combinations of rayon.- experienced .by/the and 156, The 1941.—V. 149, p. 4021, 1941, was-$10,810; $13,727 and $3,529, resp/ctively. As of July 9, 1942, the only securities applicant Purpose—The net proceeds to be received by the corporation, after deducting estimated expenses, will amount to approximately $2,420,555, and will be added to the general working funds of the corporation, additional z__Z_—_ — stock____ common provision common Power New 31; Its net i which 250 084 333,996 Central Hudson Gas & Electric Corp,—17-Cent 1, Niagara Hqdsnn Power Corp., owns 395 shares of applicant's common stock, or 34.64'.X of applicant's outstanding voting securities.' ' / • • -.•Applicant was organized in 1887 in New York arid does a wholly local business in the village of Canton, N. Y., and surrounding country¬ side, selling electric energy, at retail, to about_1<225 customers. As of of all of & Central corporations, manufacture governmental, regulations no meantime, 207,333 329,475 819,199 per share____i—______Z_Z income —V. company,* Niagara Hudson is now available hor is any expected to be available for the duration of the war. to.the corporation and its subsidiaries for the manufacture of hosiery. In the 182,631 .1386,522 tl,53.9,066 statutoi-y deductions in Co. be, and it hereby is, declared not to be a within the meaning and for the purposes of- the Utility Holding Company Act of 1935,> of The United Corp., or Public the issued both located hosiery. Hosiery is sold through the Burlington Hosiery Sales Co., Inc., a sub¬ sidiary, which maintains offices in the Empire State Building, New York, principally to department stores,, chain stores, jobbers and similar' establishments and by1 them tn the retail trade. . ^ addition, in. North Light subsidiary : > and etc.______„_ ___________ 1941, Carbi^ia, in connection with the operation of such hosiery sub/diaries. In $889,538 and estimated a 98,091 $2,564,711 $791,447 profits taxes exc. profit Earnings was manufactured $7,500,000 to $10,000,000 per annum. t&rowing 127,873 $2,946,160 amortization, Shares of Canton Electric Light & Power Co.—SEC Rules Comcombinations of silk and nylon and rayon., The manufacture of . hosiery was begun during the last five f. pany Is Independent— ' •• • v'years.. In 1939 the corporation, in anticipation of sufficient develop¬ The SEG ruled Sept. 17 that the company Is an independent company ment of nylon and the practical use thereof by the hosiery industry without any connection with the Niagara Hudson Power Corp.; Central and preparatory to its introduction to hosiery manufacture, organized New York Power Corp. or the United Corp. The company had asked Six subsidiary corporations for the purpose of erigagaing in the manuthat it be declared not a subsidiary of any of these concerns and lacture and saie of ladies' full fashioned hosiery; these corporations exempt from the Holding Company Act. ' Z subsequently formed, and are now operating as, a partnership, con-: ZZ"' The SEC in its order declaring the company not to be a subsidiary ducting all their manufacturing enterprises and selling all their goods company of specified holding companies ordered, "that Canton Elec¬ as a unit unaer one administration. Such hosiery subsidiaries at from $2,436,838 . ' test; and brv- Jan. 2, June 30 and Oct. 1, full fashioned hosiery, longer available for hosiery, no 1940 $2,864,219 income Proy. for inc. and decorative compares 1941 81,941 Depreciation $6,350,000 1942 —1__ Interest, 1941 $8,248,000 - Subs.)—Earnings— Income Total ■ This / Among si.k lining Profit • 25,808,928 236,967,000 26,241,341 ' (& July 31—- $16,704,455 $13,726,457 Z $9,599,547 expenses-__-__Z____—13,840,237 11,289,619 8,808,100 1942—8 Mos.- -1941 Aug! 31— 1942—Month—1941 — sales Cost and fabrics of many types, corset cloths, spun rayon suitings for men's wear ' and underwear fabrics/ Z; V- Canadian Pacific Ry.—Earnings— Another important part of the business is the manufacture-and sale of . . , .'.1942 1941 bedspreads; draperies and' upholstery' fabrics 'made" from rayon' Zz ,/.W eekEnd. Sept, 14— ;ZZZ_ZZ __Z—-, $5,350,000 $4,398,000 yarns, cotton yarns or from rayon and cotton yarns combined. Some , //Traffic :earnings of the draperies are sold in the finished State to the chain store, job¬ ... —V. 156,' p. 1015.Z'z>'Zzz'Z/ bing and mail order trades, as well as to the converters in the greige,. The bedspreads are sold in the finished state to the retail, chain 6/% Cannon Shoe Co.—Pays Larger Dividend— store, jobbing and mail order trades. The woven products are sold through Burlington Mills Corp. of New York, a subsidiary which main¬ //• The. directors have declared a dividend of 20 cents per share on the z common stock, par $1, payable Oct. 1 to holders of record Sept. 21. tains offices at 450 7th Ave. and 271 Church St., N. Y. City. .y various fabrics, 15, revenues—_.• converters greige to July on Vz./V;. . expenses— '.Net these converters in-the by issues Operating trades up these on 777. p. Operating- which are largely centered in products which are sold to the converting f cutting 156, $ . . finished paid were 24541.—V. Canadian National predecessor corporations, engaged arrearages 155, p. 1147 $16,200 St. Paul & Pacific RR.—No In¬ Adjustment Bonds— Chicago. Milwaukee, terest on The New taken no received notice that company has respect to declaring anv interest to be due and York Stock Exchange has action with payable on Oct. 1, 1942, on the gold bonds, series A, due 2000. Oct 1, 1942, has no.value; 5% convertible adjustment mortgage and that coupon No. 31, maturing that accumulations of cumulative interest thereon) The directors in accordance Apr. 26, '42 Years Ended— stock, 19. Sept. amount and Sept, 1941 payable as 15 Sept. cents to 30 share per holders of Commonwealth Period Ended Aug. the on goods sold of Cost profit from misc. net Gross operations, and Maint. | j- i. \ 'i been 183,851,329 105,291,398 5,820,725 71,516,230 65,119,456 1,842,732 Provision See Note (1) .———-—— /./;•!* ; . • $5,444,203 $3,538,234 1,404,263 1,390,227 accounts-!. 1,605 Commission's proceedings late extended the Light Co. and allegations in time against instituted 'Fed. connection, Cities 864. 156, p. Service the $8,518,587 $3,986,532 $2,125,086 82.237 46,955 65,374 102,182 $8,600,824 $4,033,483 $2,190,460 $1,103,671 767,809 810,845 552,216 4,703,029 '842,983 308,063 88,017 $1,330,181 494,968 137,675 $446,648 348,674 dividend the omit April and 1 July 1, last, stock, March 19, the 1941, stock; paid company since,—V. none income Gross Income i income / charges__— •" '•/ Prov. for Fed. and State income taxes $3,129,986 $2,379,660 dividends— 536,218 527,758 dividends—— 550,500 550,650 income Net Preferred Common Earns, (no .per . ———— r .'.v ■' : Cleveland share were made on this and in each quarter dur¬ .< 15,000 shares, 46,919,560 1,382,123 1,521,421 18,110,001 20,656,266 976,813 976,813 11,721,916 11,720,522 698,131 256,600 6,263,590 2,748,67.4 661,769 908,990 10,698.015 11,794,039 pfd. on stock of ■/' deductions-—-/ Net income . Earns, per com. 1941 Revenue (457) share— Act $0.44 i; $0.61 / . $7.13 . $7.86' plus additional provisions aggregating $3,302,137 for The increases. income during 391. //////'//'■ *' and 1941, '/'./ " - following charges: $2,550,246 in 1942; $1,639,595 in 1941; §l,307,-» 162 in 1940, and $1,245,640 in 1939; depreciation, depletion and amor¬ tization, $1,935,320 in 1942; $1,606,349 in 1941; $1,371,092 in 1940, and weeks lour (2) 1939; the Revenue and first rates surtax Act rates prescribed SO'/ and months 8 of pending profits $5,902,315 $2,600,178 more than or the in excess 1942 tax) provided was House the at in Bill require would than more 1941' the pericd. share per (based on Provision / / current and V, i-/''/ ' 1940 / 26, April 95,244 83,000 61,790 / $437,052 of total, $42,817,309. July 20, 328,839 $60,907 $3.55 $168,858 $3.87 amounted Cash for deduction $94,511 $50,827 $3.46 income Federal pending , .Sheet, Balance June receivable 2— //v marks and real estate * - 592,555 1941 $343,767 302,013 384,858 : —_ 846,623 :./;/ 1 90,469 95,417 1 six-month period). No with subsidiary 4 '• " certain as ■ Operating Operating $2,002,651 1,798,440 revenue expense from Income profit from Int. , * other & ^Includes 696,572 $7,914 $94,665 41,006 .1,907 '$91,259 $48,920 $96,572 20,672 12,377 7,727 6,875 19,250 ' income $216,613 for Prov, Fed. income 24,653 & taxes State ■Viv /; 72,020 81J' ..63, $156,440 Net Earn, $128,959 profit Preference divs._ stock sh.. per on $0.60 com. ■ - 12,345 I and laneous rents, due supplies, from at investments, etc., 23,663 $32,799; '"/"Nil ■ , $2,565 $136,731 $144,094 1,480 «.391 11,710 $131,138 13,428 '11,389 8,317 $1,019 $116,950 $124,068 ' officers June :><), 1 912 and on hand, fixed $160; agents and $98,478; cost, commission share per stock $0.01 $0.43 $0,45 land, depreciation), security in and —V. 9,119 . assets, $487,408; $19,507; notes payable prepaid insurance, organization to banks, expenses total, $1,652,736. due within one \ year, banks, $50,000; accounts payable, $126,425; traffic balances and deposits payable,; $192,969; accrued liabilities, $120,212; unearned revenue, $23,032; deferred credit, $69,066; reserve $87,500; for payable notes engine overhaul, Sheet of June 80, 1942 as convertible surplus, debt, $87,500; 7% cumulative stock ($1.0 pan, $327,730; common stock (no surplus since May 23, 1938, $40,537; capital total, $1,652,736.—-V. 155, p. 2455/;-•■/•/; ,,■" preference $465,665; pan, long-term earned $55,484; accounts receivable, $742; investments, is Chicago Yellow Cab Co., Inc. (& Subs.)—Earnings— Profit after before 300.000 of per no $166,770 $132,778 67,795 40,788 capital $98,975 share par $358,312 145,118 $213,194 $91,990 $305,328 85,415 ' $219,913 on for the City Bank of New Trust & Co., immediately the full National Bank of St. redemp¬ by presenting Louis.—V. Inc.—Obituary— President and ' * •> • Sept. on for 23 of the • C. / • announced -:./ on • • , ' * -• • Inc.—Output— that sendout Sept, ended died corporation, .< • 426. p. . week the 156, / system 20, the of electric 1942, $66; accrued capital stock, social taxes, etc., $2,892; common stock (no $1,122; paid-in surplus, $79,639; surplus of trade-marks and licenses, $400,000; total, $551,528. of increase an 4.7% Local . distribution amounted to On increase of 5'? monthly-paid employees for those receiving up to $3,600 salaries from monthly the Corp.—Adjusts Salaries— President, on Sept. Sinclair, 156, p. 1016. $3,600 made. was Both granted company 11 to announced increases increase an 5V2 of cents the 156, an increase of 1, Sept. to hour all to " that announced Sinclair also flat a retroactive are employees. under an annually $7,500 life insurance pension company's plan would for be all employees re¬ continued for one 692. p. Consolidated Water Power & Paper Co.—50-Cent Div. The directors the on record declared have stock, common compared $25, 50 to cents per holders of A similar distribution was made on June 27, last, as 60 cents per share paid previously each quarter.— Sept. 11. with V. quarterly dividend of payable Sept. 26 a par 512. 156, p. Consumers^^ Power Co.^Earnings- Period Ended Aug. 31— Operating tion for and General Fed. 1,521,263 18,810,065 561,040 550,000 6,794,976 18,532,418 5,820,000 288,385 265,521 3,358.134 3,164,132 314,084 268,537 4,176,947 3,853,010 285,143 5.884,558 3,230.780 deprecia¬ amortization -'V - taxes profits exc. $3,896,258 $51,880,600 $48,890,650 .1,593,426 expenses____ Provision 1942— 12 Mos.—1941 1942—Month—1941 $4,140,031 reven ues_ — Gross 496,306 taxes- Int. and deducts.. other $1,005,795 $12,855,920 $14,290,303 $906,791 income-— Net income / 380,579 4,577.208 4,574,900 $623,216 387,305 bonds, mortgage equal the rate the at the of case of 1942. will April 1, principal due of 2Vs'A to thereon the corporation that 5'# per pay Divs. to the holders 1970, on thereof, $8,278,712 $9,715,410 the six Oct. York, New Broad 11 3,424,816 3,424,817 M. has Hollister been Vice-President advertising and sales promotion.—V, in Revenue (45% of 783,339 $4,070,557 $5,507,253 Note—During the 8 months ended Aug. 31; 1942, Federal income and profits taxes have been accrued at the rates prescribed in the 1941 possible charge $274,549 783,339 ; excess the the Revenue —V. plus additional provisions aggregating $1,207,003 Act The increases. income during System, Inc.—New Vice-Pres. appointed 65,278 $168,819 / Balance months' St., 285,389 - 65,278 "/penses,! .etc.' Payment of such interest' will be made, at The Chase National Bank of the Columbia Broadcasting Paul 285,383 stock—_ pfd. on Amort., of pfd. stock ex- bonds, coupon N. Y. City, upon surrender of 1, 1942, coupons.—V. 155, p. 2455. .•,'■•.■.*/./ ■/./"//; :■/ '/; > of City the Oct. 1, 1942, an being cumulative for annum of $519,486 ___— first Act of excess 1942 / ; /■■ ■ than for in the pending House Bill profits tax) would require $1,939,373 $732,370 more or -v 90% and months 8 rates 156, p. 956. prescribed rates surtax and was than at the 1941 provided in the period. more •/; 156, p. 864. Converse Rubber Co.—Pays Preferred Dividends— been reported has during acquired Commission's authority Corp.—Purchase of Debs.— Electric Columbia Gas & Corporation have to to July and August, in accordance with not in excess of $9,477,000 for spend company the through pur¬ chases on the Stock Exchange, Columbia acquired $2,292,000 of 57/ debentures, due Jan. 15, 1961; $1,866,000 of 5s, due May 1, 1952, and $16,000 of 5'% debentures due April 15, 1952. These amounts do not include $3,218,000 of debentures purchased during August by brokers, subject to delivery, which had not been delivered by Aug. 31, 1942. —V. 156, p. debentures due April 15, 691. initial semi-annual dividend of 30 of a to 193.7, 1, (Peter) A an dividend of $3 per share to wipe out all accruals and including April 1, 1942, on the 60-cent special preferred stock, no par value, both payable Oct. 15 fhare and holders declared have directors April cumui«tive to In August, 1952. The cents per from the of three outstanding issues of debentures. During July, the purchased from Columbia Corp., a wholly owned subsidiary, purchase ; that the following debentures the SEC, record Oct. of $1 150, p. 4124. Corporations—Accumulated Cooper dividend 1.—V. per share on account of Div.— accumulations and the quarterly dividend of $l,62'/2 per share have been declared on the 6V2% cumul. pref. stock, par $100, both payable Oct, 1 to holders of record Sept. 19. Like amounts were disbursed on April L regular and to Commercial Alcohols, Ltd.—5-Cent Dividend— July 1, last. $30.22'/a per Arrearages share.—V. as 155, at July 2, 2455. 1942 were said to amount p. Courier Post Co.—Accumulated Dividend— " $0.33 excess earning for Louis,:Mo., property ending Sept. 30, the The shares stock— Note—Frovision nan? taxes./ taxes— income Earnings 1942—6 Mos.—1941 charges but Federal Federal income Net 1942—3 Mos.—1941 founder s salaries of Mr. earned surplus, announced 5'/: income in St. the date of redemption, to Boatmen's Fed. income taxes..—- tax, income personal $27,800 of 5 7; Period End. June 30— interest The 1941, F. tired machinery and equipment (less reserves for trade-marks and licenses, $400,000; deferred building, to $6,615; to its of G ross Colorado Fuel & Iron Co.—Interest Payment— It special paid, Louis, National gold called 154, p. 427. interest employees, $8,252; inventory of funds, $100,913; miscel¬ City bonds may obtain above company year.—V. of ______ $112,909; $67,810; pari, amount $116,952; accounts other trade receiv- St. of collateral been Payment will be National Bank of the at or have 1927, Bank The Chase Y., 1, week of last year, an increase of 2.1%.—V. $0.40 , > and (less'amortization),' $9,589;.-. intangibles, $29,589; Liabilities—Equipment $0.45 r ■ 151,700,000 kwh., compared with 148,600,000 kwh. for the corresponding charges, $1,293; total, $551,528. $69,596 :/:Z 24,500 •"•/; $0.05 " National at ' '. The $108,592 66 profit for year.. period deposit traffic balances, $493,882; ab!es/.$255,206; parts $29,669 . , Sheet, Balance receivable, ' or N. including Nast, '■ 11,016 Assets—Cash in banks, $5,705; 15,015 , demanrtf on "$111,931 17,210 83,865 / .•Indicates loss. Assets—Cash : 28,676 stock, divs. A 156, /!////;//;// 105 and interest;' Concle Nast Publications, • Common 2. 1942.—V. , Conde $142,154 9,684 tax by appreciation 63,000 _ 1, 5'/ 30-year mortgage March 1942, at Sept. 19 in New York, N. Y.—V. 156, $70,071 97,928 $146,415 profit- Liabilities—Federal Gross Other deductions / $58,430 j. 10,017 Balance 92,628 of the hourly-paid 1939 $791,237 "$183,887 May share Oct. 45 cents per- , bonds when 1940 1941 $12,582 deducts income vutii .i.i /common 12,402 ,/ /;// 925 income___ operating Earnings $204,211 oper, first dated 17, Boatmen's York, price, share' Net $30,880; Other income incl. and cents per record with . 1016, yearly. $6,125 / / $50,093 / 5,532 96,322 ^ expenses 1939 964,322 to of compared as $1,732,507 154, p. 148. 1942 dividends- Total gross all foreign $972,236 $1,320,005 1,503,892 1939 holders to week 14,143 shares of capital stock held in treasury, Incomefrom; royalties Operating 1940 1941 1942 2 1, last, 131,297 —_ 'Miscellaneous income Net * Nov. Consolidated Oil , Chicago & Southern Air Lines, Inc.- -Earnings— Net tion 1957, of Til. Holders p. of trustee, New H. 155, p. 2275. Years End. June 30— ; 7.0 1,137,560 455,999 Dr65,897 Total Years End. June 30— has been made for possible liability in con¬ patent litigation decided against the domestic the amount thereof is not at present determin¬ 2.2 ; ' 12.4 1,137,560 552,357 Dr65,897 . * Club Aluminum Utensil Co.—Earnings— • '/ 142,529,000 146,991,000 —* 873,000 _ : tTreasury stock provision company able.—V. ' _ . lp.2 $2;820,650 for taxes Provision 1942—6 Mos.—1941 above results are. exclusive of operations of Note—The subsidiaries. nection ■' from outstanding as The at York, $15 $1,070,409 $1,212,069 $1.43 $2.14 $2.56 to foreign subsidiaries and after charges and provision for Federal income and excess profits taxes ($5,280,000 in the 1942 six-month period and $2,310,000 in the 1941 149.943,000 150,079,000 - dividend of 35 a Nov. Aug. on /'; •> :#/ Increase 1941 ,' - - " declared payable paid ■'■•:■>-;/ amounting to 170,600,000 kwh., compared with 162,900,000 kwh. for the corresponding 'Capital stock 'Par $10. $655,637 * , $73,548 $323,630 payable Earned surplus Subsidiaries) $665,412 •_____./ the series plants of Chicago Pneumatic Tool Co.—Earnings— • of corporate $1,732,507 ; ' " ' $2,820,650 . — ' sundry accrued expenses.—V. profit 1942' //■■/,/ ■'■/;;•/// Chicago. 144,686 ' charges ^Accounts : Earnings per com. shr._; $1.46 'Including realized profits on sale that, over " Kilowatt-Hour Output . 17 Sept. quarter 1016. made 1,281,541 ; ___ Liabilities— $115,352; 1942-3 Mos.—1941 /;/ companies increase ' 160,177,000 157,321,000 on was each their 1942 $471,226 Total total, $42,817,309.—V. 156, p. 690. Period End. June 30— 10.2#. Consolidated Edison Co. of New York, $3,375,561; ',«<Including Domestic Edison group of a / year. ; , stock, capital redemption at 30 ♦ , Plant equipment •Deterred provision // Consolidated „ hand on Trade $3.99' includes taxes Inventories . registered last — amount All insofar as applicable to fiscal year corporations tax bill passed by the House of Representatives on 1942. Accounts ///.-///v!; accounts payable, $810,014; installments of funded debt payable July 15, 1942, $638,000; long-term debt, $9,250,000; reserve for repairs, $29,495; 6% cumulative preferred stock ($100 par), $8,949,300; com¬ mon stock, $7,864,286; capital surplus, $369,483; earned surplus, $11,payable, liabilities, . directors the bonds, rates Assets— • 1 , Liabilities—Notes •Net p. $379,666 342,541 $389,746 328,839 1942 the under net, $27,110,691; patents and patent rights $113,876), $170,682; deferred charges, $977,148; reserves an ' 48,106 328,839 /" $497,697 _ Note—The proposed equipment, (less 19 period 5_—/ share 77,841 86,601 ' surplus_____ capital share Earns, per the House 1942 the Commonwealth Sept. 35-Cent Dividend— 011 $510,772 $576,587 ', 835,000 net__ subsidiaries the kilowatt-hour output totals of the past four weeks are 29-— The 35,683 1016. p. 19_. la— 165,172,000 12./—153,432.000 Sept.. 1939 $594,086 of energy the corresponding week in 1941, for 12.85#',—V. 156, . $546,455 40,475 109,000 $1,419,298 ended Week Ended— I $634,561 42,402'. electric percentage comparisons with last year/.>/>•/•// Sept. 156, ' week corresponding Aug.. $618,989 41,129 taxes paid Balance, $5,300; notes and accounts receivable not $262,759; investments, net, $1,031,267; prop¬ {less, (reserves), 415,818; 'l'.' ' • •> 196,320,205 25,223,340 or Following materials, raw erty, plant and accrued * 1941 102 oper. Net income Assets—Cash, $1,856,590; notes and accounts receivable (less reserves doubtful notes and accounts), $4,437,453; inventories, $6,965,419; on '' • . of the the ol' $0.32 for advances System.—V. Reserve of output Community Power & Lifrht Co.—Bonds Called— t$320,377 $1.20 1942 as passed by Sheet, Balance Consolidated I $1,460,427 oper. from , in 1942 and $842,900 in 1941. Representatives) 1 . ;/ for ' Bill of Revenue Federal the of \ from profit Dividends $0.95 . $1,775,200 ' ,. Other expenses, $$819,929 $690,425 C. for Sept. , profit Net Note—Provision for Federal income and excess profits taxes to V hour Electricity output of was Regulation kilowatt Commonwealth Edison Co.—Weekly Output— v Aug. 18/40 Aug. 20/39 Aug. 17/41 $0.58 /_ increase Federal depletion, interest, Federal income taxes and excess profits tax in 1942 and 1941. tlncome for the period included $401,757 representing net proceeds of life insurance policies, which is non-recurring. jAlso includes the extraordinary direct and indirect losses, amounting to approximately $90,000, as the result of a flood which temporarily suspended operations of the company's division in N. 31 weekly compared with as like /-^//// ././;/;■./''' on stock The of this corporation adjusted to show general business conditions of ter¬ ritory served for the week ended Sept. 17, 1942, amounted to 221,543,545 a owners Years Ended June 30— Gross 'After, depreciation, Canton, under ( Ended Weeks J6 $486,478 profit common Aug. Weekly Electric Output— .'•/;/ // / Credit $5,000,000 Clorox Chemical Co.—Earnings—- result from the pending Revenue Act. Aug. 16/42 'Net establish Depreciation Earnings for — great many still to be heard from, Mr. Hopkins of a majority of the 28,956 outstanding a of 1016. p. each. taxes which may Earnings at taxes, provision has been made for any possible increase in No Approval merce other than income taxes, $917,180 in 1942; $752,459 in 1941; $682,913 in 1940, and $609,781 in 1939; and rents and royalties, $54,055 in 1942; $57,308 in 1941; $64,574 in 1940, and $54,823 in 1939. Fiscal year of companies consists of 13 periods of in Co. Bronze required to authorize the proposal. The credit, which will be available through 1945 in amounts as needed, is to be used principally for carrying increased inventories and accounts receivable required by the company's repidly expanding war production. It has been arranged with the Cleveland Trust Co., the National City Bank of Cleveland, and the Union Bank of Com¬ Nil taxes in 1942 for Federal excess profits Note—(1) Included in the above statement are the $1,344,412 with said. $2.24 $3.37 $4.71 ; respectively. ; 46,793,521 possible credit up to $5,000,000 with three Cleveland banks has been approved by holders of the necessary num¬ ber of preferred shares, and $2,000,000 will be borrowed immediately, President Ben F. Hopkins has announced. Consents have already been received from holders of more than Maintenance and repairs, / 6,293,562 3,663,825 , 'During the 8 months ended Aug. 31, 1942, Federal income and excess profits taxe3 have been accrued at the rates prescribed in the $100. Bprrow $2,000,000 Immediately—- /The company's plan to shares par) $49,258 Graphite Established—To 569,007 : share com. 'Includes / 14,144,421 taxes payable par dividend of $1 per share on a 153, p. 668,983 profits subsidiaries ' common 12,339,043 1,618,761 income—a.3.718,835 Gross Divs. v//// ordinarily 15,073,252. 13,318,599 exc. Other preferred 19,546,523 16,385,039 $1,001,489 credits- to non-cumulative 21,693,519 975,316 taxes- Interest : distributions of $1.75 per Jan., 2, on 7% the on 1941. On 903 8,884 2,597 1 voted have directors 1,713,238 1,299,639 1,165,637 income sub¬ last month. The time for filing answers has 22 to Oct. 22. and da#? for hearing postponed 10.—V. Nov. to Oct. issue ing Profit from operations Other of 6 Regular quarterly $2,392,620 1,455,073 — sentence" Light Co. Oct. about 1,665,287 and & Power City Investing Co.—Omits Preferred Dividend— - — •„ . ... . $10,185,480 notes & The j profit the to answer Service Cities amortization^-^/.. 'Federal ,' Sell., gen. & adm. exps. Provision for doubtiul Gross and Co. extended from Sept. from — royalties file "death Power $2,392,620 $3,538,234 ':////'iK •• with 12, <08 $5,444,203 repairs—--] taxes Rents and ,« 15,743 25,696 10,926 profit--.^-' $10,185,480 Deprec., depl. & amort. Taxes, other than inc. Service to the SEC has companies concerned, of request Cities $ 14,141,723 Prov. for gen. taxes1,384,578 30, 25 cents each, and Dec. 27, 20 cents.—V. .155, p. 1212. sidiaries $ 15,633,453 , . Total gross for $2,379,912 $3,522,485 $5,418,507 profit from sales $10,174,553 Gross Subs.)—Earns. 1942— 12 Mos.—1941 $ ';// Cities Service Power & Light Co.—Time Extension— At (& expenses.5,902,909 for deprecia- and $23,40o,261 $20,182,514 19,883,7/6 17,802,602 $24,258,385 $23,743,122 32,083,832 24,324,615 allowances, etc.)- Corp, 1942—Month—1941 revenues.l„__—_ Gross Operating Gross sales (less returns and Southern & 31— record March 31 and June 30, last. March 31, 30 cents; June 30 paid on follows: was were of dividend a value, par no like A during Payments declared have directors common Co. (& Subs.)—EarningsApr. 27, '41 Apr. 28, '40 Apr. 30, '39 Champion Paper & Fibre Monday, September 28, 1942 • Cincinnati Union Stockyards Co.—15-Cent Dividend— adjustment mortgage bonds will be paid (but without interest against future coupons when and as declared by the board of with the adjustment mortgage.-—V. 155, p. 1015. the on & FINANCIAL CHRONICLE THE COMMERCIAL 1148 ha"e the report states!-—V.> 156, profits rot $0.71 $0.73 1942 period was not base period exemption, $0.31 taxes in the reached the pr. 77.". / % i •'//!'/ I;;/: h t; ■'/ the directors common Sept. 30. against A 15 v.. ;155; p. have stock, like cents 1212,; no declared par amount on May a value, payable was-paid 1, on 1941, ^ ;•■•/ ;/:/ and , ;:; of five Oct. dividend 15 and April 15 10 cents ; ;•.?• cents to share per holders of July 15,. last, May on : ' ' ' / 1, • A on record as 1S40.—- I,;" K dividend lative to of preferred holders quarter of since $1.75 stock, record and share has per on been declared on the 7/ cumu¬ account of accumulations, payable Sept. 30 20. A like amount has been paid each Sept. including Oct. 1. i°40. <*v»-earages as at ,' /; * 1942, amounted'to: $7. per share.—V/:155, „p. :2364.. July 2, //.■..• Volume 156 Number 4111 THE COMMERCIAL & FINANCIAL CHRONICLE Corn Products Refining Co.—Reduced Dividend-— The directors the on Sept. 23 on stock, common declared of dividend a cents 65 Detroit Steel Products Co.—25-Cent Dividend— A share per $25, payable Oct. 20 to holders of record Oct. 2. This compares with .75 cents per share paid each quarter from July 20, 1929, to and. including July 20, 1942. In addition, the follow¬ ing extra distributions have been made: July 20, 1929, 50 cents; Jan. 20, 1930, Oct. on on 20, 1933, and of 1/25 of outstanding one Oct. Morris each common share was paid on Aug. 20, 1936. Explaining the action of the directors, George M. Moffett, Chairman President, said that proposed increases in corporation taxes indi¬ that reduction and its stockholders. company "Our dividend a company," he be would . in . continued, . . the best . interests the of Bank Our Otherwise weakening our working capital position. asset position is. strong and we do not propose to weaken paying out dividends which are not earned after taxes. :» current it by J "After'the will war "we * products and to maintain pair our prospects —V. 156, p. by * working capital- business position. our then 339. need weakening ' out The " - record Sept. 30. like A ■■/,••• President has been V; ■ and elected Managing the to amount - of the Royal directors.—V. 155, ;;. ■■ ■<., ■/.'•/ k since Jan. 2, ' v;"" 1935.—V. • • 1; ... 156, 7;. Earnings Profit before ''Federal , for the }) '• '• '• v' •' '■ formerly Subs.)—Earnings— Ended July ; 1942 > ."7 $2,607,340 31, _' taxes Creamery The like during have dividend a 10 of 37Vas to- holders of as follows: Jan.-10, April 10 10, 35 cents.-1—V. 155, p. 2455. were and Oct. record and Net Sept. July on 30. •: A The Payments 10, 30 " the cents to y ' the on Revenue Act of report states further retroactive provision compute taxes the on Mfg. Co, The directors common of cents no Sept.. each 10 was have stock, record J' 30 paid cents declared and Dec. payable Nov. 22, 30, Oct. of 20 10 155, N""V' ' 20 class directors A and of ers class B record March Nov. 30 have common Sept. and declared 15. / A June 30, dividend a stocks, like last, with compares I* was paid 28, extra these on May 31, of 40 issues Gross Net Period End Aug. 31— Operating f revenues $632,691 Operation Rental power of ■ - leased on Net ry. Pro v.'*for Prov*. of depreciations,| v/ for Federal and Federal income 203,725 21,755 ■>-.*« 330,010 53,171 641,399 7,171 33,205 5,072 cents 3,762 ,'<■ 11,567 110,267 396,755 . 72,706 : 397,948 54,414 9,779 45,168 136,377 35,085 440,489 387,899 7,881 883,394 The directors of income $86,181 $126,130 $1,211,524 income. 6,108 5,384 80,905 ■ $92,289 ; .1" interest deductions 37,-118 $10, have payable Oct. Jan. July 2 on April 1, The 2, 1 W. current Share on $131,514 32,032 . (net)—.\ $1,292,429 32,160 ; > 212 : $1,519,277 /" 99,744 $1,619,021 income - 384,950 Cr417 ? 387,827 Crl,031 • 7,495 ; The 1941 & "21,033 has been while (2) Federal adjustment $804,509 $1,134,198 29,164 349,973 349,974 16,667 '< ' - 16,737 normal taxes. . income statement have $92,276 ' ; 200,283 200,848 provision for Federal income and excess periods applicable to the year 1942 have been taxes profits declared Dec. on p., ; dividend a the on I'/'r 1 record and July 1, - the on 31 of 17Va Sept. cents 21. the been taxes marie, in beginning of that for adjusted and ... r the to ■' periods include September, surtaxes - 1941, and • in a 94',e 1941 4 by this part of the which-was ' retroactive : ' the to / Grocery ' 35 Years Ended Sales : * . . cost pcjay Stores, Inc. (& Subs.)—Earnings— ' / C Mos. Ended July 31— Profit 2 51 Va7 cents week • Prov. $42,490 * 15,000 : / $22,489 133,219 . $0.17. -,f »• $0.19 .. Amount ' Net 548,452 57,734 18,972 14,010 221,453 202,061 $148,205 $125,899 ... _ oper. revenues... A dividend of $2 per share has been declared on account of accumu¬ lations On the $4 cumulative convertible preferred stock, no par value, payable Dec. 15 to holders of record Nov. was made on March 28. July 16, similar A and' Sept. 15, last. 1 issue during 1941 were as follows:" April each, and Dec. 20, $2.—V, 156, p. 779. 1, July 105,615 15,165 and Sept. this on 30, $1 „ The directors have taken ; able about cents July 1, Jan. 2, The 15 Oct. 1 1942, and last year. directors, cents per the no action made in ordinarily pay¬ on however,-declared share the dividend on class A stock, par $1. Distributions of „7Vi this issue each quarter to and including addition an extra of five/cents was paid on on per share were 424 the on the '■ usual 6convertible 1 Bonds dividend stock, of $10, par payable Oct, 1 to holders of record Sept. 26.—V. 151, p. 1141. and securities direct and fully-guaranteed security Interest contracts receivable and I $1,259,209 ' - —' — ' 62,404.950 34,831 stock, no similar 1,926,839 /';// 1,755,126 v 35,525 43,017 Surplus rents and Unearned Reserves _ —. "'-v. payable and due to banks and customers Security contracts —. U. S. S. payable Govt, Total —v. 1—— 156, p.- 78. sold —— 2,000,000 stock with 855 under 503,018 ' 21,740,999 —_ ——„——___ secur. Sundry credits v ferred 1,598,499 •: 571,537 31,212,476 Government deposit account-——.——: . —v.." Securities borrowed at par—2—^—J-———:.—2" U. $2,000,000 638 Loans Loans the 1,816,041 .———_—; —^ ^ / ——— 33,230,785 ---/ 9,700,000 —_J■' 6,545,719 purch. agreement 10,000,000 33,746 — •-••.'"y; real estate, (no $310,881; $250,720; less 25 cents May .••■• \ in total, shares bonds 120,000 made was 15, Oct. June 9 9, directors and of the a this on holders issue 26/ Sept. 29 of on and the A on record April Dec. 11 23, the new stock. preferred stock authorized Nov. the In $14 1946, shares Sufficient of board in Sept. is a . - until Nov. and of at 1943; $16.50 common common ($50 par), 30, shares at v 26. directors to has being inadequate , r was will concluded Total *'( total admitted Insurance assets would : 1 declared dividend a the on 6% holders of to of 75 cents cumulative record and Sept. 30, 1941, while 30 this issue. . , on the A common like amount March on year-end a on stock, par Previously regular were made on Dec. on share per preferred Sept. 21. dividend 31, of paid.—V. 156, p. 1048, 1942—Month—1941 1942—8 Mos.—1941 revenues $62,352 40,182 34,315 2,696 2,480 21,260 19,129 $19,475 $10,508 1,333 $121,244 $91,895 -4,877 6,885 $9,175 $116,366 $85,010' ry. oper. Ry; oper, Net ry. $14.50 Out of the disproportionate for 540 y . $47,303 $457,385 : oper. Other income Total Total income 9,188 9,127 $28,123 ——„ $18,302 deductions- fixed Net $18,935 income- a 1, 2.863 ■ income 156, p. 20,307 22,543 $136,673 $107,557 2,885 12,704 12,706 $12,556 charges "Deficit.—V. $2,711 781.' . 15,316 - 15,317 101,662 $19,695 ;; ■;105,514 "$13,273 • General Acceptance Corp.—Earnings— Net —V. total income after 156, p. 865. 1942 The directors account of 1941 $101,303 charges and taxes.—— $105,088 * General American Oil Co. -C company's working the company's war¬ 266,628 :: 9 Months Ended June 30— Dec. $377,653 314.882 . ' • from .. incomeNet rents, Dr. 389,502 shares are now be'authorized to. provide that the Fonda, Johnstown & Gloversville RR.—Earnings— simultaneously .'; for anticipated peace-time requirements. production facilities, its increased inventory re¬ the anticipated permanency of the market for its products^ new have accumulations Period Ended Aug. 31— A will be convertible thereafter. stock used of 50 cents per share has been declared payable Sept. 30 to holders of record Sept. 24. disbursed on March 31 and June 30, last, and 30 recommendation / ;7v. " 7'-',' /' stockholders, W. T. Hedlund, President, said; addition business, company's quirements, of of June and July 17, 1941.—V. 156, special meeting to a acting upon stock been of quotations of Inc., „ conversion. his letter to "Your The 30, 400,000 outstanding. for at had dividend was common - value of $184,755 will be redeemed par stocks directors $1.50 the' company's capitalization through the $2,500,000 new 6% cumulative convertible pre¬ presently outstanding 6% cumulative preference new Until $4,706,701 — stock, increase the common 2,024,052 $4,317,077 — payable Oct. Miscell. purpose 40,150 25,000 1,000,000 2,450,083 . ' being notified of the 1943, 42,400 25,000 1,000,000 ; Florence Stove Co.—50-Cent Dividend— payable, Co., >:• v *■ $1,053,220 132,248 124,007 quarterly distributions of $1.50 per share assets opera¬ . are 01" into v -/ ■v// ■ claims...— ——— and The of The total * Ry. oper. expenses—— , stock for to sale sale •(■ ■. adjustment other ... account $5,842,793. to 720,653 $4,706,702/ $4,379,160 and policyholders' surplus $3,086,135-~y. 155 p; 399. $100, obligations insurance, treasury stock, share has been declared per 520,046 $4,317,077 • — Flambeau Paper Co.—Accumulated Dividend— $2.42 , Realty of 9,882 ———.—I.$1,101,618 of Ry. tax accruals.,—. payable common Oct. stock. capital, $59,306,918 $65,647,394 of 1 •» 7,500 404,431 10,287 ... -■ process money for self reserve 173 $3,564,234 357,159 collection aecrued premiums $169,803 • notes purchase $18,309; par), S. 1941 "Valuations on basis approved by National Association Commissioners—If actual June 30, 1942 and 1941 market Stop Nut Corp.—To Issue $2,500,000 New 6°/o on 1942 Total stock, $30,000; notes payable installment contracts (maturing accounts, obligations of S. money Each share of time «•———- — capital $618,500; / held 2,000,000 profit discount on Preferred Stock— be -Balance Sheet- *$3,422,085 1— Net surplus banks, $600,519; accounts receivable, inventories, $2,370,071; investments of accrued rate liability for 30 . deposit and in office™— on Co.- June 1 Reserve for taxes and expenses in contracts, value, on Elastic issuance $2,000,000 — Undivided $1.99 year), stock distribution and by $59,306,918 $65,647,394 Liabilities— stock 120,000 $2,45 119,12G the at no 7,500 Reserve for all 120,000 $112,753 .120,000 surplus, $2,312,906; par Holders Capital $173,703 120,000 and $4,720; on of has - .Llabilitt(5s-r- $289,803 126,000 $163,998 161. P. 985 • Cash ——————i„ 120,000 V 184,107 accrued-'__—__;J.i——„2;^/: Total C———_—L—_—J.—. ' $238,753 dividend installment A dividend last, 56,271.801 Deposit with N. Y. State Banking Department— Sundry debits / Dec. 31, '41 Acceptances discounted U. S. ; June 30, '42 ' , . $293,703 purchase capital it stocks—————— course of 4,329,248 $2.37 one year), mortgage Sheet, , Unearned 25-Cent Dividend— $1,037,923 , declared $13,304; the Insurance ' .■y-;^ Total payable, trade, $560,286; acceptances under $61,317; employees' deposits on defense bonds, etc., credit, (maturing within under of opinion that profits tax,—V.. 156, p. 780. Premiums in $4,619,051 4,458,114 . investments, $55,286; S. S. Realty Co., Inc. (wholly owned affiliate), $370,763; fixed (less reserve for depreciation), $1,819,382; deferred charges to tions, $426,741; total, $5,842,793. $1,347,786; Discount Corp. of New York—Balance Sheet— Assets— $4,696,867 4,545,621 . 6,612 $120,351 109,199 is company excess Real Estate be under < quarterly preferred 6,376 $123,448 , Federal, normal and surtax has been accrued The Balance $22,755,802 $20,881,083 $19,702,958 18,055,263 16,322,817 15,269,810 120,000 $300,000; 451 $6,063 declared Assets— Cash $283,998 bank. $126,962 Federal Water & Gas Corp—Proposed Acquisition— '■'<> July 1, '3.9 $4,839,324 surplus.—.. one 60,000 $129,824 $10,649 ... First American Fire 185,903 $200,032; within 65,333 $6,514 : See'FeopJtes Light & Power Co.—V. 156, p. 693. . Consolidated Balance Sheet, June 27, 1942 $14,335; $186,962 5,000 $11,073 . charges income 45 '/e, • $4,433,148 paid. of 61,063 $195,157 6,333 - (incl. Assets—Cash on'hand letters 46,953 $11,514 $17,406 income Federal Liabilities—Accounts (A.) De Pinna Co.—Omits Class A Dividend— , 5,691 . , June 29, '40 138,602 Stock (no par) cap. $5,823 - 2,485 : accruals Note—1942 of 14.4 $4,558,265 Earnings per share distribution Payments 1 Shs. $14,921 — res. 10.2 138,785 ' Corp.—Accumulated Dividend 1942—12 Mos.—1941 $934,146 7.8 8,295 -' $4,700,539 income Balance, Derby Oil & Refining 1942—Month—1941 68.684 Vo :7; 11,695 5,047,464 Dividends 5,588,412 591,201 Interest during $5,331,462 Deduct, oper. exp. 12,115,121 7,649,979 4,279 Capital $26,825 ,136,819 14,617,528 14,383,082 4,954 Balance per 150,816 income, etc.. $41,825 20,000 .... profit ' Shares of .capital'. Earnings per .share—,. —V. 156, p. 78. Net - Other _ 23.853,723 $1,029,543 - 81,635 ■ 1941.;.. . 820,020 50,133,205 and $5,180,646 •. 1942, ,, . after charges but before Federal taxes.. for Fed. income & excess profit taxes 1,441,367 54,693,042 46,294 Dividends - June 28, '41 21,225,684 2,079,425 68,785.759 ■ $70,406 Interest $26,406,331 —- Less Aug.31- Losses ...... 1,704,571 43,183 Retire, Corp.^—Earnings— June 27, '42 — 1939 $6,743,101 2.370.015 513, p. Non-oper. income, net— cents Jan. (Including wholly. o.^'ned affiliated companies) ? 1940 $7,679,709 $82,029 was with -149,617 120,780 Stores • 15,563,089 - ■ par figures do not include the system inputs of any companies appearing in both periods.—V, 156, p. 1047. Economy income.— oper. .T' • T. Net for v " Maintenance The above not covered the proportionate year.^-V. 156, p. 779. rate .*••-* of 1941 89,930 ... ' \•.•.7 r revenues... v;:7,/vv-::K;./',;"/;y'^~^ncrease77».;: 161,312 National Power & Light Co V7,, J- was profits excess Operation on stock, on corresponding 1942 CoLj... Electric Power & Light Corp...... Power & Light credit for' 2456. " Operating subsidiaries of— American -i; for profit Fall River Gas Works Co.—Earnings- —Thousands of Kilowatt-Hours— j yr": '-"v-V-. 2,493,426 1— Period Ended of amount like A share per preferred arrearages p. with 1 income.— Jan. 156, the net profits excess ' 1942 1941 1 railway— $11,615,480 $9,662,215 railway_^^___ - 4,389,477/- 3,445,502 oper. Gross compared determining year's $3.33 July 20 House Rev¬ Operating Inc.—Weekly Input— as entire •7v7"A : •'•( •• Taxes last, as compared and 17Va cents each leave in ' profits taxes earnings prior to application of ; • ' ; ry. -> will that the $2.17 excess 155, p. 2365. .*• ' • said review railway..... 86,672,909 from railway—30.821,709 common payment a 2, 1941, official an and $3,992,446 A dividend of 15 cents per share has; been declared on the common stock, par $1, payable Oct. 13 to holders of record Sept. 30. This com¬ pares with 20 cents paid on April 24, last, and 30 cents each on April 26 and Oct. 10, 1941.—V. 155, pj 2365, . f cumulative follows: as 3,689,379 . Esquire, Inc.—To Pay Smaller Dividend— "90,934 1941, distribution Light Co., were : $7,681,825 ,*9,869 For the. week ended Sept. 17,. 1942, the system inputs of client oper¬ ating companies of Ebasco Services, Inc..; which are subsidiaries of American Power & Light Co., Electric Power & Light Corp. and National Power was engi¬ 7 1S41 -y--7,- . 3,419,348 the basis of the from Net estimated for the computed at a 40'M rate for excess *2,614 45,752 share ry. —V. 10,143 80,356 97,444 ;• of ■ —7 income Net $109,577 7 19,022 - 830,410 tyre preferred stock.—V; 155, Cr448 104,001 .•■-•»■.•' lease.™—... Notes—(1) profits 29,164 - a/c reserves •' $49,285 requirements. RR. $125,170 ? 173.428 155, " 10,760 y: —— 1942 $2,594,184 Net 1939 ' 949.883 30, Oct. r ■ He charge Fed. profits taxes.......-:- RR.—Earnings— From 259,698 holders of to and before from Gross 1,101,322 declared April 1941. exc. deduction from a from Net 11,060 ■ P. Net >77 "1940 1941 2276. .V.S'i/v•..'•.7*"•*.'Vrw Ebasco Services ..J interest Prov;' for 155, 364,618 accumulations paid on 7::. but /August— Gloss $50,000;000V. 59,836 income div. net 94,319 Sept. *. v' 7 & under 1.., re¬ a Easy W^ashing Machine Co., Ltd.—Accumulated Div.— 112,533 37,000 Other ■Net be reported 156, p. 780. made.—V. •' S- 525,166 123,700 Other Pfd. would as Erie $147,220 " and was 7 305,094 tax tax—— operating Non-operating 50 230,131 • 30 June inc. tax rates,—V. '■•7 ; 46,700 income... each ' profits excess Bond 17,477 7,210- taxes Gross 248,703 35,074 . period company approximately 1942 dividend of 25 cents per 31, 1,598.441 385,587 56,789 State.-. Federal Net $5,502,902 in $5,913,532 and period used share. a 1941, share. a basis year Acts, depending year, the net no par value, payable Sept. 30 to holders of record Sept. 21. like amount was paid on March 31 and June 30, last, and on March A account prop, (leased) State & municipal taxes Social security taxes, Fed. $6,982,591 replacement bus 30, $181,900 railway., oper. 7' (& Subs.)—Earnings— int., share of capital stock— per Act, the calendar months' $2.09 enue contain stock, 2,182,650 27,587 nine Sept. Revenue each Act fiscal a Duval Texas Sulphur Co.—25-Cent Dividend— A 7,750 17,477 : railway.—., railway——,. from 210,683 77,146 prop... Maintenance T" from from Net 1942—12 Mos.—1941 $533,849 147,888 Purchased the equal to hand,, total on 1942 Revenue on - "Deficit.—V, 1942—Month—1941 - for is and within Net ry. oper. income— 5 15,426 From Jan. 1-^Gross from railway—1,408,800 Cumberland County Power & Light Co.—Earnings— (Including Cumberland Securities Corp.) •' fall ended August— on paid we* This 1942 ' 1 and 30 Aug. cents 1941 company months orders 2365. on,'Sept. 21. Corp., 30—• and Note—The provision for Federal 1942 period was estimated on Duluth Winnipeg & Pacific Ry.—Earnings— 30 cents per share on the $10, payable Sept. 30 to hold¬ Feb. on an the nine the companies 15 •'\I t-".ii'i '• :v . the Unfilled p. of amount and 29, 1941, and in addition 22, 1941.—V. ,155, p. 1212. Dec. par to the profit of $814,370, equal to $2.43 the on holders to Crum & Forster Insurance Shares Corp.—30-Cent Div* The $701,643. The previous payment " 't' ;r<" ■-! each Dec. This 2455. p. cents and respectively. 1937.—V. of duced Two For April 20 and July 20, last. on on dividends two value, par Declares — •> / director, has been named a Electrolux the that should that months earnings Crocker-Wheeler Electric Dividends of 10 Cents Each— the J., announced profit Earnings $3.08 v . 1941. requiring both on number of deprec. Prov. for Fed. $1,031,478 per share on 335,000 shares of capital stock--™. -Based N. was 1,575,862 profit' Earnings share per of it ■ "Net Dividend— cents paid on Jan. 10, April 10 and July 10, last. was 1941 Co.—37 .% -Cent Mfg. declared stock,'payable Oct. amount each, Package directors common 7:777:.;. Summit, 251. p. Ended June after taxes ' the 156, with the company's product. > corporation, Vice-President Months Profit - taxes income ; this of Electric Auto-Lite Co. V '/•; . 6 Months Hedlund neering.—V. y .•'* •'*" (& T. President of ' :v - Co. tax in President, etc.— William 160. p. -V j Dresser Manufacturing new New - declared a dividend of 10 cents per share on the payable Nov. 20 to holders of record Nov. 5. ' A like paid on Aug. 20, last, the first distribution on the stock was increase :,;V/ stock, amount substantial financial the United States and Canada is equipped of \ of reserves out of earnings and-the stability at The Close of hostilities, call for a con¬ working capital." The company, incorporated in 1934, and which maintains factories in Union, N. J., and Lincoln, Neb.; manufactures a wide variety of self locking nuts which are consumed primarily by the aircraft industry.' The company's products also have been used by manufacturers of tanks, electric appliances, railroad equipment, radio transmitting and receiving equipment, oil field machinery, pneumatic rockdrills, and l'arm equipment. It is believed that every military plane produced in for servative Director board .■...;; .;■.: ■. maintenance need common directors have common now."'; structure Wilson, Canada, We do not want, to im¬ corporate our * bring to of tile - , the on Dominion Stores, Inc.—10-Cent Dividend— . "is would be we holders to declared '>>•'."-.f operating at full capacity. De¬ mand for all our products is strong and operating earnings are high. However, we must determine dividends on the basis of earnings after taxes-. W. of 398.; ; p. .i 10 been Dominion Bridge Co., Ltd.—New Director— : and cated payable Oct. share1 has per on April 10 and July 10, last. Payments during 1941 as follows: April 10, July 10 and Sept. 10, 25 cents each; 10, 50 cents, and Dec. 22,-75 cents.—V. 155, p. 2456. •, * were share of Allied Mills, Inc., stock' a cents disbursed was 75 cents; July 21,. 1930, and Jan. 20 and July 20, 1931, 50 cents and Dec. 21, 1936, 75 cents. A lc/o stock dividend was also paid each, dividend of 25 stock, par 1149 have declared accumulations on a the of Texas—15-Cent Div.— dividend 6'* of 15 cumulative cents per convertible share on preferred payable Oct. 1 to holders of record Sept. 20. A similar distribution was made 011 this issue on July 1, last. Regular quarterly payments of 15 cents per share had been made' on the preferred stock up to and-including Jan. 2, 1942; action on the April 1, 1942, dividend was deferred.—'V. 156, p; 79. stock, par $10, ' I • D. this of Chairman retired Young, WPB in London. who has accepted a Vice also as Chairman of the will replace Charles E. Wilson, Chairmanship on the WPB, and will serve Swope Net Total • • ••' Earned V per and Inventories utility securities. Action followed warrants. of One r! \ own Liabilities— the 5,000 Earned It reported was dis¬ Co. and The 156, p. 1049, Trust Bankers The corporation corporation During reached. in 291,808 Baruch the of Bank Loan— has repaid $750,000 three banks under a June, total the "Of 1941, was Retire, $3,018,299 going rubber, into of Cost immediate Net pro¬ of Other that said this basis on would it f ;- chandise ; 1940 2,850,363 Expenses - Balance Sheet, March 31, 1942 j supplies, of $845,237; $687,283), ■ $700,959 Total & miscell. for Prov. - 12,181 $956,079 $790,306 247,059 250,464 Net Fed. no and taxes par Net Federal total, $731,887; income and Net $2,677,261.—V. 150, . 1941 $2,808,000 ; $2,398,616 971,610 fNet from Net * Jan. 761,768 755,131 467,682 19,550,000 20,297,264 4,902,762 3,181,531 1,584 698 $476,558 profit railway income Deficit.—V. June 30, to 1942.—V. 156, p. the been called as • Total 1939 u $1,591,856 143,988 Called— 156. p. '59,583 156, p. 1049. —V. ' 4,549,773 Gleaner The lations Oct. the common A dividend Mfg. ■ of 50 cents per Net ' March 31, of $1 was Div.— share has been declared on the common record Sept. 30. A like amount 31 and June 30, last, and on June 39 and Sept. 30, 1941, while on Dsc, 20, a distribution made.—V. 155, p. 919. ./%■ v', .V /AvV ..'A,";.,"."".' stock, payable Sept. 30 to holders of was paid on this issue on March ■<> $63,202 ! ' : SIT,848 35,578 41,844 j $27,624 • i: $58,467 $16,623 . 9,533 ;, 8,705 $27,382 $36,329 ; 8,437 • 29,613 8,947 * $25,570 46,421 $311 179,958 *$10,092 *$54,381 27,071, $19,272' : > , tlnciudes $35,105 provision for loss on investment and in connection with drilling operations on Grimes, lease: vances ad¬ Notes—(1) The above statement does not include the company's pro¬ • $13,957 of the net loss ($29,030) of Social Oil & Refining Co. portion, the for * year ended June 30, 1942. (2) The net income for the year ended June 30, to Federal income taxes inasmuch made , , of $1 per share has been cumulative 6% holders record of on ' \ declared on account of accumu¬ preferred stock, par $100;-payable 23. Distributions of like amount Sept. Balance . Assets—Cash 1942, is^not subject loss carry-overs • Sheet, June 80, from 1942 , $7,908; in¬ $73,368; leasehold and oil rights, $21,929; plant and field equipment (less re¬ serves for deprec.), $55,487; deferred charges, $6,522; total, $374,396. Liabilities—Accounts payable, $3,672; accrued taxes, $1,011; capital stock ($1 par), $182,000; surplus for reduction in par value of capital stock in 1936 (less deficit to June 30, 1942), $187,713; total, $374,3961 ventories, r~v. deposit, on $2,423; $206,759; investment in receivable, accounts Socal Oil & Refining Co., 154, p. 334.' Honolulu Plantation Co.—15-Cent Dividend— A dividend of cents 15 share has been declared on per $20, par payable 10 Oct. 'a Honolulu Rapid Transit rev. from income $131,964 for ditional possible taxes $73,767 $14,516 22,222 23,495 21,282 6,000 ad¬ ' Rev. Common $45,545 $61,827 Net profit *$56,748 *$8,979 ' 16,910 dividends 176,167 105,284 35,697 miscell. rev." from other Net $1,081,130 13,789 18,047 21,038 .'.,215,558 126,279 47,991 519,588 2.78,015 . 86,956 , - // 6,022 2,576 and Net 10,000 _______ 1942—7 Mos.—1941' $2,085,995 883 33,419 Traffic Gen. $203,893 2,927. Conducting transp._____ *$35,465 20,270 39,868 , tax__— r?: : Co.—Earnings— $372,210 transp. ' Power 1939 1940 . 5, 1942—Month—1941 Period Ended July 31— Gross Equipment 1941 to with 20 cents per share paid ^ p.. 2457.^iA;:;;-r:^;A;-\ Co.—Earnings— 1942 the common holders of record Sept. 30. This on July 10, last, and 10 cents per share on March 16, 1942. Payments during 1941 were as follows: May 31 and Sept. 10, 15 cents each, and Dec. 5, 30 cents.—V. 155, stock, 1, last. April 1 and July profit from oper. Federal j operating as prior years more than offset the income shown. share has been declared on the common stock, per Depreciation 15 cents on Sept. 30, 1377. Co.—50-Cent Common 1939 1940 - 35,5 n ' $48,885 cents per share Years End. June 30— 1941 rev. Taxes* transp. : transp. oper._"_ assign, to 13,929 15,758 23,664 167,197 132,976 $183,557 - than from 1,993 27,078 exps. r. > 1,635 $979,768 $90,278 ' $185,193 • $416,796 1,962 9,033 I ' $92,240 $988,133 $425,823 ] 14,709 116,598 97,877 | < 8,365 ' oper. Deficit; r- <" ,. ■ , " ■ Interest ■ Note—The financial statements of the company would be any affected by action not now foreseen under the provisions of Section 403 of the Supplemental National Defense Appropriation Act, 1942" pro¬ viding for renegotiation of sales price in certain Government contracts and sub-contracts and possible resulting reduction in, or refunding of, "Sixth profits. "A-/-'.':. 18,107 " (est.) "$56,748 , ; A : ' Profit and loss___ Replacements Taxes and conting._ j. Net 2,821 revenue —V. 156, p. 960. ; 2,694 22,210 6,416 28,150 ' Depreciation, ' est/ J f ■ • *$8,979 $45,545 $44,917 Surplus * Goodman • * respectively, .'1 ,*Loss. ■ Payments during 1941 were as follows: April 1, July 1 and Oct. 1, 75 cents each, and Dec. 23, $2.—V. 155, p. 263. ; ; • - V • ; Sept. 25 paid a dividend of 90 cents per share on stock, no par value, to holders of record Sept. 18. This with $1.15 paid on Sept. 25, last year, and 30 cents on Oct. 10, 1939.—V. 154, p. 1940, 50 on compares 1941 $53,359 ' " Deprec. and deplet.; etc. Steamship Co.—50-Cent Common Div.— of $1 on;i the to 1 were Harvester Corp.—Pays 90-Cent Dividend— company etc. A Net income Group Corp,—$lPreferrecl Dividend— . A A dividend $1,031,614 . ; $40,448 income compares Sept.14 1942 S 1942 * '•Total value, payable Oct. 1 to holders of record Sept. 21. This com¬ with $1.40 per share paid on this issue on March 2, last. v Payx during 1941 were as follows: March 12, $1; Oct. 1, $2, and Dec. Prov. . of Harbauer $1,259,131 ;; . $73,215 .32,767 Way and s.tructures__:_. 1941 $32,650 V"..'-' dividend ments Georgia & Florida RR—Earnings— 1942 are - revenues Other :income, fint;, 781. 22, $3.—V. 155, p. 503. due April 1, 1955, of General Public Utili¬ ties Co. at 103 and interest. Payment will be made at the Central Hanover Bank & Trust Co., co-trustee, 70 Broadway, N.' Y. City. Holders may obtain immediately the full redemption price of such bonds, including interest to the date of redemption, by presenting the bonds to the Central Hanover Bank & Trust Co.—V. 156, p. 1049. $32,450 from George A. Ball of, Muncie, entitled, therefore, to obtain 1937 they par pares gold bonds, series C, revenues_„__ that ' 13,573,835 3,708,235 % 1,961,295 2,049,492 C; 390,894 (Daniel) Green Co., Boston—$1 Common Dividend— first mortgage and collateral trust 6'/2% gold bonds, April 1, 1956, of General Public Utilities Co. at 103 Vi and interest, and all of the outstanding first mortgage and collateral trust Period— ' '■ York contend New 155, p. 2279.- Operating profit - Crucible provision for Fedsix months ended Jan. 1 to of holding company over the Chesapeake & Ohip Corp., Taxes, exps., insur., etc. 16,055,454 1941 were as follows: March 29 and June 30, 50 cents each; I; $1; and Dec: 29, one share of 5% convertible preferred stock Steel Co. of America for each 10 shares of Great Lakes common stock held.—V. 155, p. 2457. series A, due Operating securities in Yorkers declare ' . during of Nov. 1, 1942, all of the Week Ended Sept. 14 Kirby that they paid for them. Ry.—V. Sept. outstanding 6Vz%. P.- Young and Mr. Kirby are Chairman and President, Mr. - has been declared on the common stock, no par value, payable Sept. 30 to holders of record Sept. 22. A like amount was disbursed on March 31 and June 30, last. Payments dividend A A redemption for Allan the of the Alleghany * 341. General Public Utilities, Inc.—Bonds and Young The New ^ no There have the above Cleveland^ and Mr. Murphy were their employees when the Cleveland- Years Ended June 30— ^ of Milford, Mass., has been elected a direct©?"to fill the vacancy created by the resignation of W. Virgil Spaulding, of Altadena, Calif.—V. 156, p. 79. ■ * $605,612 $539,144 no difference in Bradley :f Holly Oil Co.—E arnings— J. Laurence Doyle, of $582,294 depreciation basis, cral income taxes is required on net profit for Note—Due L. ' 1,174 ■ Charles - on 1 railway oper. ry. that $600,000 1 * 1940 ! r $1,969,490. 456,534 241,991 6.634,400 income Filed— Sept. 11 to Federal Judge Paul and John P. Murphy-of Cleveland be recommended Master purchased ers for Federal and State taxes (less U. S. 4127. p. railway_„_ from f • Special Ind., profits railway__.___ oper. ry. From 125,143 tax 638. 1941 were as follows; Higbee Co.* Cleveland, Ohio—Report Mr. Bradley ' Gross issue during ownership of the securities by giving Mr. Bradley and Mr. Murphy the excess 1942 from from i Distributions of 25 cents 23. Sept. •-Robert- R. , $167,469; capital stock <39,750 shares, value), $1,323,750; shares in treasury (75), at cost, Dr$3,480; for contingencies and plant and vessels obsolescence,'$303,984; reserve Gross $862,823 256,037 deducts. inc. j • to. retain ownership of controlling securities of according to an Associated Press dispatch from i-^ > 5^ . Liabilities—Accounts payable, $153,651; reserve August— 16,532 243,983 income Amortization Int. 44,559 $720,541 . income to company, assets- (less provisions for sundry assets, $320,192; total, V $846,291 19,582 profit Operating Other $20, par permitted fixed $641,252; , Great Lakes $778,124 paid a dividend of 50 cents per share on holders of record Sept. 15. This com¬ 21 Sept. on stock, stock, no par value, on Feb. 2 and May latter Jones ,, ^rand Trunk Western RK.—Earnings- 1939 $911,520 record . $85,433 'Consolidated and surplus, $4,175,225 3,328,933 3,236,186 and July 1; 1 share on the class A stock, no par value, payable Oct. 1 to holders the 119,010 • '.—J- $2,677,261. Inc.—Earnings— $4,014,310 on each were made on the 1, last. Payments on Feb. 3, 25 cents; May 1 and Aug. 1, 50 cents each; Sept. 30, $1, and Dec. 24, 25 cents.—V. 155, of United' States Treasury bills, due May 13, 1942, $400,000; customers' accounts and notes receivable -(less pro¬ vision for cash discounts and doubtful items,- $17,752>„ $319,934; mer¬ United States, 1941 record Sept. 25. ' A like Jan. 2, April 1 and July 1, last; holder's" of ■ $204,443 surplus - $4,176,076 3,264,556 1942 the dividend of 25 cents per share on to directors on Sept. 18 took; no action on a dividend on the stock, but declared the usual quarterly dividend of 25 cents The per Graton & Knight Co.—New Director— ___i: $3,551,322 a 1 this isstie common '.5'..Assets—Cash,; $150,646; below revenues company common A some 3 Mos. End. June 30— Oct. on 155, p. 1214. p. localities the total number of persons at work is the 1941 peak. Cities in which the greatest increase in employment has occurred include Bristol and Meriden, Conn.; Chicago, 111.,* Anderson, Ind.; Indianapolis, Ind.; Detroit, Mich.; Rochester, N. Y ; Tarrytown, N. Y.; Memphis, Tenn., and the Buffalo, N, Y., area."-—V. 156, p. 958. Operating declared Helena Rubenstein, Inc.—No Common Dividend— , 231,134 profits taxes. excess profit for Dividends paid General Motors employment at an all-time peak, but the average number of hours worked per week is also at a new high level. During the week ended Sept. i3 General Motors employees averaged 46 ^working hours. This compared with 38.8 hours during the corresponding week last year, an increase of nearly 19 %. "Because of rearrangement of plants necessitated, by the change¬ over from peace-time to-war-time business, employment increases have not been uniform in all the cities in which the company has opera¬ General Outdoor Advertising Co., have payable disbursed i • 38,815 Net is in 39,312 ■ with 20 cents each paid on March 20 and June 10, last. Pay* ments of io cents per share were made each month during 1941, and. in addition an extra of 60 cents was disbursed on Dec. 23, last year.— $435,577 ■ * Provision for Federal income and are and 49,140 during 1941 were as follows: Jan. 2, April each, and Oct, 1, 25 cents.—V. 156, p. 352. common group somewhat $60,747 $47,256 A $5,453 ' V. : j excise still 762 50T 43 45 pares Treasury tax notes of $100,040), tions, 35,000 $61,509 • Hawaiian Agricultural Co.—50-Cent DividendThe the 840,045 salaried only 35,000 $47,763 Payments $396,762 Approximately "Not 2,917 $5,830 stock, was 20 cents 5,772,704 income Balance, v - 10,523 $96,509 $32,763 declared directors The Ltd.—Earnings— income depreciation the in $85,986 7,288 v $5,497 ; $5,875 1 income amount be possible to sold— goods Total , employed V $8,413 2,917 accruals- cha rges - common new Trading profit U the company's total employ¬ approximately 313,000, compared with persons 1,032 s. . $8,792 income Dividends Income Statement Year Ended March 31, 1942 V _—A——.—$7,009,512 sales announced that its total employ¬ the highest previous record. i;; 516 ■' res. In teres t recommendations the if Selling a.nd general expenses well above any peace-time peak ever further says: number net-< H'-C;;, $75,475 Consolidated hourly-rated workers and 59,000 are salaried workers. 12% of the hourly-rated workers are women. The includes most of the foremen and many others engaged directly in war production. Employment is continuing to increase at a rate of about 4,000 a week. ' "AA ,'.:A.A\ -A >A'-: AA 254,000 for plans reclaimed Gorton-Pew Fisheries Co., Net National Bank of the Cnase 88,437 , 25-Cent Dividend— of Committee 7,664 $7,381 Dr915,239; Committee report enough 31,477 • 1,803,485' 1,681,913, ____ / Balance tires and recapping materials to maintain its proposed program if a maximum of 138,000 tons of reclaimed rubber were made available during the next 16 months.—V. 156, p. 1049. ">>■ the week ended Sept. announcement The also States is now United State; the in ment 915.239 Co.—Ready to Build Tires Out of completed made 365,574 $8,276 revenues income, Non-oper. calling for the provision of this relief for tire-starved American motorists are officially put into effect, John L. Collyer, President, said on Sept. 23. Recommending strict enforcement of a speed limit of 35 miles per hour for private automobiles, together with adequate tire inspection, Company At A Record— 25 Sept, on United the in 1,023,514 ' treasury stock 61,164 Sept, on Total Employment By ■'. .The has $548,2ia 340,417. 33,582 88,228 $560,993 3,151 ' ; •>: 8,978 Net oper. " tires of 2,613 1,000,000 $3,085,109 Goodrich j company duction 25 announced that deliveries of war materials from its plants in the United States and Canada in the month of August totaled $205,667,029, an increase of $48,774,681, or 31% over deliveries in July. This brings the total deliveries of war materials during the first eight months of 1942 to $990,998,529, com¬ pared with total war deliveries of $406,149,273 in all of 1941 (compare V. 156, p. 781 and 4291. VA \ "v ment F.) 1.942—12 Mos.—1941 -28,382 29,848 •» Taxes Z;;-. i2o"iii 1,000,000 _ of the Baruch Deliveries Gains— General Motors Corp.—War The $33,539 , $46,578 • 80,999 ; , 'A:iAA'> 1942—Month—1941 $49,716 revenues Operation 184,171 89,821 par)—— , AA 2367. '•VvwAAA p. Maintenance . no Operating $3,018,299 purchased and held in treasury Drl,023,514 Total This reduced the loans to $4,500,000, still out¬ standing as of Sept. 1, last. ■' ' The loans had been secured from the Central Hanover Bank & Trust City of New York.—V. 155, • Haverhill Gas Light Co.—Earnings—. >37,976 shares in 1942 and 33,200 shares in 1941.—V. 151, p. 104.» credit plan, the .871,200 24,774 Sept. 23 that this corporation on .wholesale the President.—V. Aa expenses,...— shares, Vice-President— 4 j Berg Jr., .who recently was appointed general sales, manager; division of iAhis corporation, has been elected Vice- Henry of. _i Gross ' . , $5,2»0,000 borrowed earlier this year from the Co., surplus provide revolving and Reclaim— v-\Vy, General Foods Corp.—Pays Part of • 1942__ for invest, in (balance) ^Common stock 604. ;v 1, (200,000 Surplus approp. .v'iji of accumulation our salvage departments this carloads of scrap," Mr.; Beattie said.—V. 156, present rate will handle April taxes stock Common outdated rubber stamps to an obsolete company's salvage departments. "At p. AA;. payable payable, Accrued other plant, this company will recover and return this year to war production 380,000,000 pounds of waste material, enough to fill every car in 100 average freight trains, according to H. J. Beattie, head of year : 859,655 37,212 Accrued Federal income and excess profits taxes of Waste— Salvages 100 Train Loads the AaA'AL-AAvY 222 $48,205 Accounts power ■r:i 'A A-,' ■[ / ■ Dividend (B. By salvaging everything from < (net) __A.-AA assets I * .share has been declared'on the common per | • , , $3,085,109 Southwestern. of securities ' 25,700 , - cents 15 payable Hat Corporation of America—New . ..1 that the companies sell or otherwise conditions was the 1" 1941 of $1, par Period Ended Aug. 31 of a sufficient number of the 56,000 shares of Southwestern com¬ in order that at the close of business Aug. 31, 1943, they will not or hold with power to vote 5% or more of the outstanding voting mon securities on V '/<, Sept. 30 to holders of record Sept. 25. ' Thm compares with five cents, per share paid on April 15, last; 15 cents onSept. 29, 1941. and five cents on April 15, 1941.—V. 155, p. 2279.- 756,075 513,158 Deferred, Electric to acquire through and Electrical Securities Corp., 40,000 shares of common stock of Southwestern Public Service Co. in ex¬ change for 40,000 shares of common stock of Community Power & Light pursuant to a merger of Community into Southwestern. General Electr.c also sought through the Employees Corp. to acquire 16,000 shares of common of Southwestern pursuant to exercise of rights under subscription fixed Total of General application i'V.vV: 624,497 interest accrued', $110,512; payable, 695. p. dividend A A A ,26,371 bonds accounts other $16,637; Federal taxes on income (estimated) (less U. S., $24,960; : reserve for general contingencies, $25,000,, stock, $500,000; earned surplus, $282,004; total, $959,113.— ' $853,092 _ Canada of Dominion Employees Securities Corp. E. 1942 869,430 1 Savings bonds and defense stamps—-A,. U. S. SEC Grants G. E. Group Extension of Exemption— Subject to conditions, the SEC has extended the time in which the. General Electric Co., the Electrical Securities Corp. and the G. E.' Employees Securities Corp. are exempted from all those provisions of the Holding Company Act which would require them to register under the Act as a public utility company in view of their holdings of public receivable, (net). notes 156, stock, ' .' to notes), //Harvard Brewing Co.—15-Cent Dividend— $2.31 $642,021 Accounts ,: pose Balance Sheet, Feb. 28 /; A . 7">y; v. $1,803,485 $2.46- ;; Young Accrued G. ;A.\- A-...A advances 74,559; / $1,681,913 .... and receivable accounts etc., common 335,787. 108,275 stock- treasury in common . Assets—; .', and Mr. Swope retired from active participation in the management of the company at the end of 1939, announcing that they had done so "with no reservations because there are younger men whose experience and capacity have been demonstrated." They re¬ mained, however, as directors and have served in an advisory capacity.. Mr. invest, surplus at end of year__— Earnings .• , , taxes, $2,213,831" 412,039 for approp. 1942 at June 30, as trade and Liabilities—Trade $384,638 1,829,194 $2,202,227 surplus Surplus , * $398,742 Dividends Mr. company." ■ Treasury Wilson's resignation and that Mr. Reed already had gone into Government service.. The statement continued; -The. board of directors has, therefore, mrequested that Messrs. Young and Swope resume their previous responsibilities. Mr. Young will be Acting Chairman. and Mr. Swope will be President of the accepted fullyn' had 1941 $546,628 41,880 120,111 , that it "regret- formal A Sheet $257,387; (less reserve, $5,000), $52,911; inventories, $298,272; cash sur¬ render value of life insurance, $57,809; insurance deposits, $9,116; mis-1 cellaneous accounts and deposits, $983; property, plant and equip-' ment (on the basis of cost) (less reserves for depreciation, $334,248),' $255,297; trade-marks, $1; deferred charges, $27,337; total, $959,113. ,l growers 1,803,485 profit for year_____ surplus at beginning of year____.;— Earned Assets—Cash, ' V 28—. > , 1 ; ,• 1942 profit _________—$623,285 Depreciation of plant and equipment_____^,____, 40,373 Federal income and excess profits taxes____^._w ,o 184,171 . production executive committee of the board. statement by the company's board noted new Surplus Account Net leave of absence position in the absence of Philip D. Reed, who took a months ago and is now liaison officer for the Income'and Years End. Feb. formerly its President, were called back on Sept. 18 to their old positions for the war's duration. They will replace their suc¬ cessors, who have taken important posts on the War Production Board. Mr. Young will have the title of Acting Chairman, filling his former Swope, some of Statement „ and George company, Balance Gibson Art Co.—Earnings— Swope Resume Posts General Electric Co.—Young and Owen Mr. Monday, September 28, 1942 THE COMMERCIAL & FINANCIAL CHRONICLE 1150 21,000 183,100 139,627 1 1 147 13,852 I 14,123 __ 92 : , • 2,369 2,198 28,448 1 100,000 25,000 515,000 100,000 $36,024 $12,345 $148,879 *$39,610 j I - Volume THE COMMERCIAL Number 4111 1561 & FINANCIAL CHRONICLE 1151 ' International Howell Electric Motors Co.—10-Cent Dividend— directors the 18 declared Sept. on dividend of a 10 cents per share record Dec. on stock, common 155, p. 2184. 1937.—V. 28, $1, par incorporated in Delaware in 1936 was the same permitted panies investment the and predecessor depression 4 mining mining lack of unfavorable, operations, charters investment in Period End. Aug. Gross oper. Oper. 31—• & 1942—Month—1941 demand the for base Commission metals in says made its companies. 1942—8 Mos.—1941 $605,266 $5,472,549 455,217 3,741,864 In $5,039,030 496,283 3,637,022 taxes its' income have / ft $194,620 Operating income . Non-oper. vQross income income ♦Income $150,049' $1,730,685 9,964 ft/.; 83,069 9,859 ■ $204,479 S $160,012 143,881 147,620 charges $1,402,008 86,370 . $1,313,754 the outlook opinion. existed; ,, ■1 adj; income bonds. tint, on adj. inc. bonds that securities $1,488,378 in 1,174,455 v; 1,202,111 $12,393 115,679 118,554 $639,299 -: investors to investors $286,267 945,500 948,433 ? all at such have $55,081 "Exclusive : of interest in the hands of the $106,161 adjustment income on able Oct. on On June last, 11, Coupon No. 58.—V. of ft Hudson's Bay The of repayment shares, of of the next pany's 10s, paid was the to less 156, meeting in London approved paid up on the 5 ft preference capital share, per is to the at be determine. may tax, income discretion Jan. made 1, of the 1943, date Dividends of 3ft the on Sept. and 1, amounted law is to in £140,000. favorable more Kingdom is allowed that Mr. Cooper He the taxpayer on to buildings depreciation than in that out that at the. the of agreed which can be for used will Its declared extra an be at is Int.. at investing, be denied.— value, par no disbursed ort July were other provide a that recent may provided purposes, their 12V2 1 1, last, while dividends of 31 Vs 1941 37% 1, quarterly 12% cents present high level.' subsidiary in the United States, Lampson, Fraser & Huth, has concluded fur auction sales which exceed sales of the previous year, in themselves an all-time record for any fur auction house in any country. (Toronto "Financial Post.")—V. 156, p. 430. The of 3ft year has company dividend the on of declared an interim dividend for ordinary stock, the same as a year 5ft paid oh July was 1, last, for the the final A ago. 1941.—V. year 156, k Insurance Co. North of America—Issues New Personal Theft Policy— It is announced that an Theft sold Policy—has anywhere is purpose just in Insurance available The : insured operating . the in no the basis, thereby their insurance, ctences The make theft rates occurring outside or his within residence insurance only the on his unusual feature is" $50(1 coverage Income War and not in engaged of residences to property the the represent material a while as reduction Rates cover. of servants while insured's insured the percentage basis, comparable apartments.' and those from the are service, r Coverage occupied by him. in Fire and Marine for same Total income Interest 1,890,751 106,090 is The $5.00. $15.00.—V. 155, minimum premium world-wide for 1311. p. — . 12 Mos., Ended Aug. 31— Gross revenues Oper. maint, and retire. or depreciation 1939 $2,661,631,, 921,363729,346 858,431 816,089 656,864 for per $1,294,934 $1,295,317 483,945 Interest charges—504,876 Other deductions 504,875 72,329 •„ __ '71,655* ; * - 94,625 . >124,930 1, The 1941 to been Act computed of Bal., avail, for divs— $559,481 $718,404 .$713,666 $633,721 * ' —V. 156, p. 695. , Insurance Co, o£ North John Drayton. on-Sept. heart of W. ailment. North of Co. National Mr. and , Dray ton Bound University served the North Hospital, Philadelphia, Pa., Brook Co., and provision Bank & Trust Co,, and Pennsylvania Life Insurance Co., Insurance ; directors have common This the Central Alliance Insurance Co. director a director a of the Delaware & the East Trenton RR.,; Corn Exchange National Power Co., Fidelity Mutual cf Water & March 27, 35 - , . cents paid during 25 cents each; Sept. V* *r"' ft/.' ness 30 cents per share on the 26 to holders of record Sept. 21. June 27, last, and 25 cents on 1941 were as follows; March 29 on 26, 35 cents, and Dec. 17, 50 cents.—• '•V'V'*" [•'' < -P •''' '• '/:• V'*- .ft ' Corp.—SEC Refuses to \V'!V. '}*/ Grant Company Primarily Engaged In Busi¬ Assets—^Cash, have that but continued of the for in its investment existence, the activities, SEC on Sept. the 23 corporation denied the for an order under Section 3 (B) (2) of the Investment Company Act of 1940, declaring it to be primarily engaged in a business other than that of investing, reinvesting, own¬ ing, holding or trading in securities either directly or through majority application pwned subsidiaries, types of business. pany an current for in 1942.—V. which to year company year ad¬ such periods anticipation 156, p. of 866. for Balance $4,370,358; due past and notes $1,786,342 487,210 Nil etc., taxes for Other of the fiscal has year receivable $1,997,397; assets, deferred $2,336,395; $5), from p. 567,684 521,751 t$155,259 payable b*6 cannot and, accurately for same reason, cannot now be estimated amount of accurately ■ • Earnings*— , _ 1942—8 Mos.—1941 $3,393,955 \ $1,733,238 1,925,328 1,082,187 $2,1,068,143 $11,741,825 11,821,178 7,311,683 575,000 63,000 2,405,000 224,000 133,000 97,000 933,000 income $760,621 $491,052 $5,908,965 (net Dr)__ (net Dry rents 233,148 91,496 1,479,587 11,765 22,132 Z 80,434 79,377 $515,714 $387,423 $4,342,944 $2,760,711 taxes- rents 768,000 $3,438,143 597,854 income. 156, p. 696. (Julius) Kayser & Co., (& Subs,)—Earnings- re¬ consolidated prepaid Income total, sales of Cost surplus, 156, p. $9,873,000; $10,353,563; admin, com¬ 148,658 2,075,920 1,642,076 110,366 1,425,602 1,396,569 Prov. 32,179 Deficit. tax believed for 1942 accrued subject not to at the- proposed rate of profits tax.—V. 156, excess Net $895,331 114,251; $462,897 ft 283,974 $1,179,303 2,057 680 13,329 2,921 2,375 12,749 14,290 12,853 244,669 237,979 15,080 223,770* 8,440 5,939 6,833 27,929* 214,382 73,158 138,2157 $127,035 $759,028' Can. 245,000 contingencies pref. $348,646 , 1,000,000 & income Empl. 866. ■ 13,221,631 290,796 taxes for Prov. income Company $993,339 12,812,707 21,964 tax— - Fed. for income 771,018 1939 $14,116,963 1,027 deductions Miscell. 30 5,685 Depreciation 839,224 103,639 $2,681,653 fran. *4,435 —. $889,700 — 67,554 —— 13,994,622 $2,503,750 — exchange loss- State Y. N. fixed for 15,783,997 177,903 expense Interest $3,889,669 June 1940 "V' Total income Foreign Ended 1941 & Other income 1942—8 Mos.—1941 $4,308,750 selling Inc. from operation earned 960. Account for Years 1942. $18,287,748 $14,884,322 $13,161,352 sales, 60,454 opers. ry. Note—Federal 45ftV • 1942—Month—1941 expenses Net. ry. oper. —V. (less $37,737; expense, 1942—Month—1941 $298,195 $404,818 revs.--— avail, 151,000 " 82,492 Z 195.034 $756,679 tax statutes, revenues income facil. Jt. International Railways of Central America—Income— rev. 179,636 65.901 taxes Equip, inventories, $22,103,659; (par $100), capital total,. $31,728,819.—V. Period End; Aug. 31— Net 24,907 3,425,368 / t$20,452 taxes new Aug. 31— Railway oper. » ■ accounts , fixed cumulative preferred stock (par $508,187; oper. 50,077 70,301 oper. Federal Liabilities—Accounts payable,, $347,051; accrued Federal income taxes, $800,000; other current and accrued liabilities, $661,782; funded debt, Railway 148,460 $148,542 oper. Railway . , $4,220,385 3,720,540 18,875 10,452 20,332 ■ stock 429,198 )3,452 taxes income Net $6,848,840; 4% $5,423,076 Sheet, June SO, 1942 and $53,223; mon 1942—8 Mos.—1941 $528,882 18,505 Period End. $402,522 $2.97 < receivables), current taxes, surplus, Co.—Earnings— 1942—Month—1941 Kansas City Southern Ry. ft/;:ftvft;ft/ ; insurance, Divs. Iowa Electric Co.—Accumulated Dividend— The directors account stock, have declared accumulations of $100, par and on dividend a the on 7ft of dividend of 40% cents a the 6 '/aft 43 % cents cumulative cumulative share per class B share A Shs. on preferred /-----. $500,213 $1,110,741 8,200 35,855 40,043 381,451 95,575 388,900 392,000 $729,290 $396,438 *$297,720 $326,985 382 201 385,701 392,000 $1.29 $0.24 $1.83 stock.— , account of on preferred stock, company or through controlled companies conducting similar At the same time the Commission granted the com¬ exception from certain provision of the Act. surplus Note—The June of ♦Net profit $255,498 —• • 1942—6 Mos.—1941 $650,652 $0.40 and . excess three the income profits with compares for a and the Federal income tax provision for For the "first half of of $32,793. including $720,200 the 1942 for Assets— income Cash Franklin 155, Clearfield & income profits taxes vestments from —V. for the 100, bonds personal property considered are tax legal and without Sept. 25 of This on $671,165 — 45,000 17,533 notes receivable—--- 1,871,239 1,660,477 —— 81,619 3,640,786 65,635 43,813 51,360 '. etc. 3,914,432 67,173 55,302 free are 1,327,324 1,529,851 2,475,502 1 2,484,700 '—- $11,604,186 $10,451,993 _———- equipment— Patents, trade-marks and goodwill machinery and buildings, Total ■ ; ——— —; 1 LiabilitiesNotes payable (banks) Accounts Accrued Reserve payable : $163,073 taxes & 277,515 554,619 292,409 713,848 218.512* (par $5) surplus Capital:' surplus Treasury stock ---■ — —*— 278,975 25,529? 2,420,605 2,420,605 5,497,809 —■——-—■———- — stock Common Earned $500,000 _——.——■——-—— ———— and other liabilities—,— for Federal and Canadian income taxes wages, Reserves in-, limitation. consolidated tLand, Brothers—SWa-Cent Common Dividend— common 18. cents 1941 $1,253,177 800,091 —— accounts and debtors Total dividend voting of. 4,733,470 2,491,358 2,493,552 Dr516,100 Dr509,600 397. Jenkins A bill Investments RR.—Secondary savings banks in New York and California, Pennsylvania p. The — Prepaid taxes, rents, insurance, etc. in and advances to subsidiaries, 2280. p. revenue 1942 hand— certificates of indebtedness—— Government bonds— Deposits with mutual insurance companies, bonds, which have been assumed by the New York Central RR., are secured by a first closed mortgage of $11,000,000 on 116 miles of line serving as a feeder from the Pennsylvania coal fields to the New Ohio. the under ■Inventories; tax The Ashtabula, rates S. Treasury ♦Customers' Offering—A group headed by The First Boston Corp. including Kidder, Peabody & Co. and Stroud & Co. made a secondary offering Sept. 23 of $963,000 first mortgage 4% bonds, due June 1, 1959, at a price of 50V2 and interest, less 1 point concession to dealers. at the . Canadian and Central at demand deposit and on on Sundry corresponding the excess contingency reserve totaled $422,010.—V. Jamestown and Consolidated' Balance Sheet, June 30 $0.41 Federal ended June 30, 1942; the provision for to $647,600, including $516,200 for the contingency reserve was $242,085. This $1,233,600, was 1941 of as $177,846 $1.72 provision amounted and Act passed by the House; and one-half of each tax so computed considered applicable to the current year. was months taxes taxes, on Revenue U. Note—For Federal passed as 1942 $152,997 $0.67 „ interest provision for Federal income taxes for the year ended computed in accordance with the revenue bill by the House of Representatives. The tax was income for the entire year at the rates in effect under 1942, has been 30, 1942 the 1942—3 Mos.—1941 Earns, per com. share— ♦After depreciation," $2.92 com. on ♦Deficit. (Byron) Jackson Co.—Earnings— Period End. June 30— 380;901 — sh, per —— outstand¬ (par $5) Earns, par stock common common ing the 6% % preferred stock.—V. 155, p. 2458. on on Balance, share per class $100, both payable Sept. 30 to holders of record Sept. 15. Like amounts were paid in preceding quarters. Accrued and unpaid dividends at July 1, last, amounted to $58.62% per share on the 7ft preferred and York Other Than Investment— Contending never '.-//•.*'■ Mining \ International Order Declaring ft_ ____ $536,970; • dividend of a 156, p. 80 ft; V."**•': accruals the the rates on purposes changes in tax $751,342 (or def.) not . declared Payments 1942. and June 25, V. with successive !;PMi accordance • quarter of 1941 stock, par $18, payable Sept. compares 31— ■ ——£ charges 800,000 . share investments, Co. and various other organizations.—V. 156, p. 514. Cent Dividend—,. ..The of for based are comparative entire calendar Additional books rates taxes computed Steam Navigation Co., Ltd.—To Pay 30- Inter-Island the periods For reflect $3,526,939 costs, (except security Cr 1,921 $2,629,465; provision ) ■! - Consolidated serves a.' director of, the North Pennsylvania RR., a to $3,046,183 rates. 10,555 taxes, etc. and President President RR.; of . also current 1941. periods over tax 68,534 passed by anticipated.; Companies,' Philadelphia Fire & Marine Insurance Insurance <■ , was for of in employees' participation in-net income (25ft ) determined, tDeficit.:—V. 156, $. 866. operations of Union Potash & Chemical Co.' from date of the merger with International Minerals & in as to $54.43*4 per * America Vice-President of the as Philadelphia; Security cjf Baltimore. : of America; Indemnity Insurance Co. of North America; Insurance Co.; the also He America—Obituary— Vice-President 22 At tax ♦Amount with the terms of the proposed Revenue the House of Representatives in July, 1942. has been made for excess profits tax, as no liability is 1942, accumulations " died Act the on pending passage of 329,934 Chemical Corp; are included above. (2) The provision for Federal income $1,242,596 487,026 taxes — increase taxes Depreciation 316,181 year. common Notes—(1) ; income Net of 28,061 ' 602,946 $1,136,685 local and 1940 $2,810,612 1941 $2,945,641 $310,071 Crll4,130 12,245 66,198 applicable. were income revenues Railway profit Earnings * 979,253 955,043 .— Federal 347,191 472,336 : Provision for Federal income taxes Income 1942 $3,07.0,982 income made Fixed $1,234,489 177,219 —16,000 —— Net income Indianapolis Water Co.—Earnings— Crll4,130 1,968 5.432 depreciation) 40,482 ———————— Charges— .* „ 2,131 anticipation Social 24,649; 177,895 $3,677,377 215,026 — Profit on foreign exchange resi-ft coverage Cr9,511 216,609 : taxes, fixed charges & 93,515 disposal of fixed assets, net—- Provision for State income taxes There is one rate page for the entire country. minimum*premium for insurance restricted to the interior of the' 216,609 * - . 5,812 Period End. Aug. Total $938,430 32,233 18,690 expense Loss on previously private 1,425,000 . 18,051 CrQ,511 —- been allocated been //; Kansas City Public Service 1941 $31,728,819. or issue.. the Revenue increases, in $5,151,013- , >,.«•. (net)_v..,1 ♦Net income any¬ on by nave have $2,263,546 1,325,116 1 100%- may attended and for inside 1,425,000 $263,909 in adjustments (& Subs.)— $3,520,364 profit Miscellaneous No - computed on and residence is loss and policert size. be written to cover world-wide, there is It provides full coverage to personal effects in auto-, other are charged Is be bond Note—Federal Corp.) not consol— Its reducing the agents' sales problems. There insurance is automatically reinstated after" An custody at Rates It may Louisiana. and whether applies and structure insuring It company. York owner, policy provides clause deductible. in this rating of occurring The charge. without mobile and privilege by New property every Savings Bonds. , .Although the policy no except contract loss or world; vacancy loss, introduced S. Dr82,849 118,750 18,051 income imposed *• $5,411,115 —— Dividends received from affiliates, Interest earned * only, where is U. to has residence blanket been the simplify to entirely, new and'unique cover—the Personal - $5,113,258 :37,755 $4,652,105 . premium ";, interest general Net July * 15,390 $444,761 ,/ 118,750 justments made in earlier $18,122,891 $13,631,747 12,711,776 11,368,200 _ goods sold operations— Selling and administrative expenses___ / Net i Indemnity debt deductions Operating 163. p. $4,734,954 disct., issues— net on ♦Accrued 1, 62% 1942 sale3 Net Cost of Depreciation current 291,584 .' Consolidated Income Account, Year Ended June 80 Depletion Imperial Chemical Industries^ Ltd.—Interim Div.— v debt outst. Net each 9 Agricultural $429,371 Dr4,492 $399,142 & redemp. prem. Jan. 2 on cents just . oi" Miscell. record Oct. extra; 605,588 347,620 $403^34// p: refunded on per :\ and >;■ 38,097,/ 64,860 (net)_u- long-term on exp. follows: Jan. 2 and April 1, 37% cents were as cents 1>506,357 45,801 ., income General cents holders of to 1,702,018 1,638,675 ^ taxes Income income Amort, cents per share on the both payable Oct. only regular quarterly last, of 1,707,695 140,542 ' ' ' Othe> of International Minerals & Chemical Corp. Canada continue. maintained to must dividend 788,073 146,828 • 2,19,7,549 /..ft ft •' ft,ftft.v,; ■ profits inc. oper. on Gross profit from Cooper does not expect that trading profits from Canadian oper¬ ations excess 6,475,184 880,762 2,193,252 ■ .'/ft 142,383 Income 6,983,664 76,429 184,220 .ft/ft —144,358 Gross /.ftftftftft'ftv July State Fed. Net rates a as trends of earnings in Mr. have ft-.* miscell. taxes of that securities, 62,440 • & 1 Last year's points charge against profits in Canada. suggested that the existing depreciation account surplus trading other than cent?; and Dec. 27, a special of $1,—V. 155, p. 2367. in August, plus another to be applied from receipts Cooper, Governor of the company, told shareholders. United business or holding paid. each; & 1942—12 Mos.—1941 577,649 Inter¬ on their capital. that International declaring a (Formerly International depreciation Canadian in rely Co.—Earnings- 181,928 local ♦Addlt. the security of order an to and sources the on invest¬ ; ft- Payments during company's depreciation provision is likely to decrease over the few years until it reaches a figure of about £ 120,000 annually, A. for Like amounts 19. April were paid were stock, The P. these share and the usual quarterly dividend of 37 V2 of land sales. next from engaged owning, directors common —_■//. taxes and policy for 1051. p. State,, Federal would mining ventures, would be invested in returns primarily The annual payment directors shares, V. on time, shareholders authorized an increase in the com¬ by £600,000, the amount of the capital repayment- as future share per $1,593,136 $19,092,210 $18,074,022 591,266' Maintenance rather than invest their-money $1,636,669 Depreciation International Cellucotton Products Co.—Extra Div.— 10s. £3 This of some $1.50 1942—Month—1941 revenues— Operation Amort, which, income tax is not payable, on lft of preference dividend. same ordinary three-fourths recent of amounts capital mentioned, 2!/-, the at directors. the At • £1 which board of in investment reinvesting, 1050. p. that oper. Federal exploration application present Co.—Capital Repayment, Etc.— shareholders The - interest told of ft Period End Aug. 31— Total portion securities. national's adjustment income bonds will be pay¬ presentation and surrender of Coupon No. 59. 156, ; ■■;;;/ .-find that, without International could not development, it is also true that given to understand, clearly and unambiguously, that their funds as, in the discretion of the management, are anticipate the 5 1, 1942, upon been dividend a Kansas City Power & Light "We Earnings have been overwhelmingly the result investment activities, and investors in International have been led $306,201 $662,166 bonds. tOutstanding. I Interest Payment— on large a declared 2458. p. subsidiary taxes mineral part ment public at 5ft>. Interest of "13A r/<t times also securities be would not be invested Deficit said: investment securities, long as -it finds it profitable to do so, mining ventures." as controlled . $60,598 for Thereafter of its assets has con¬ sisted of investment securities; that International's history, its public, statements, and its present intentions, indicate that it will continue to engage in the business of investing and reinvesting in investment devoted . Commission through July 1, 25 cents each; Sept. 25, 50 cents; and Dec. 23, $1. directors shares, payable Sept. 29 to holders of record Sept. 18. This compares with 50 cents paid on June 25, last, and $1 on March 25, 1942. Payments on this latter issue during 3941 were as follows:. March 28 and July 1, $1 each; Sept. 25, $2; and Dec. 23, $4.—V. 155, ■ the conclusion realized While Net inc, avail, for int. The founders com¬ trading in securities generally. Soon after launched operations in 1929, the world-wide company invested almost all its assets in diversified rather than any promotion and development of its own $690,903 revenue— expenses March 28 and a of both mining' the | Hudson & Manhattan RR.—Earnings— to successor as The and company and organized in 1929. name companies payable Sept. 30 "to holders of Sept. 24. A like amount was disbursed on March 20 and June 20, last, and on Oct. 30, 1941. The previous payment was 12'/2 cents per share on by company The 37% cents stock, par compares March 25, per $25, with 1942. share has been payable Sept. 12% cents Payments declared 23 paid during holders to on June 1941 the on, 25, were of record last, as ♦Less non¬ and follows: — $1 871 239 and discounts revaluation and in less of reserves 1941.—V. 155, $11,604,186 $10,451,993 $1,660,477 reserves for doubtful receivables and tLcss appropriation for surplus at Jan. 1, 1933,. for depreciation, $5,710,705 in 1942. and $6,485,555. and 1941, respectivelv.. $2,608,461 made from capital 1942 in p. 1838. THE COMMERCIAL & FINANCIAL CHRONICLE. 1152 Oct. 10. against follows: July 28 and Oct. 28, 10 cents each, and Dec. 15, a Kendall 156, p. 783. cents.—V. year-end of 25 " Lamson & A cents;,jq 6ct, 1, 45 cents; and Dec. 26, 50 cents.—V. stock /,'yyy''y'1942 ; , since The and 51,166,948 3,562,432 529,272 247,113 194,138 income • . 304,157 retirements—.—. Sundry1 taxes Sundry corp. -expenses charges for Reserve district. 44,242,781 36,515,524 : (no par) 2,827,249 '' «' ' ' ' of •ViV 238/08 •' .2,000,000 V•*' declared have directors The obtain • " stock, pares the Robertson has M. Morriil. H. extra V. had 4 for '■;/ V.;\- . 156, as .• ■ ■ /%%>/ y ,y... ,V: 1942 6 Months Ended July 31— ——— tax. income.——^— and "Income State 1942; and Jan. taxes...... "surplus——^. profit transferred to earned 819,559 :-'10,695 $0.32 Assets— .• Cash in banks and on —;|v Federal and State excise tax stamps and crowns , - share com. ~ - the the ■ r ? * , on upon : 1941 Other Earned is after the being "After ($1 . 61,427 of $1,067,689 in 2458. 1942 ;■ — yybldgs., 1940 and 122,643 54,978 250,000 2.357,702 1,375,957 45,876 $5,554,865 1942 $5,090,210. and $908,931 in 1941.— * . Other Ended . 1941 , ;; / 1940 ;; 13,673 27,683 y—y—r tG.95,083 ,y, 642,367 t291,883 §10,829 117,817 14,322 453,179 §6,944 $648,182 $770,361 $304,354 $624,661 19&.350 "545,463 626,815 y 24,047 y , 2,910,185 4,014,430 y 4,886,664 . '• exps. deprec. -' structure and ^ t 5,659,65884,767 , 400,000 and 203,062 1,566,018 191,089 1,608,616 • > 400,000 400,000 $0.76 $1.92 . $7,253,693 $1.56 . in 1941, $3,867,889* in also for Shares ' period—,"—./ $2,279,231 _yy.—.'yy— $3,639,318 $5,534,927 3,700,000 5,500,000 $7,070,767 * 2,200,000 / 8,000,000, 1941 > Earnings, per 2.000,000 $1)_—' $1.14 " share 2,000,000 $1.82 2,000,000 ' '-. Balance Sheet Assets-—Cash in bank-balances, $3,316,790; bullion on hand in' receivable, $4,662; Government war con-, tracts, $44,104; supplies on hand at book value, $557,281; investments, $791,398; shares in other mining-companies, $300,000;. buildings, struc¬ tures and equipment (less depreciation), $528,401; insurance and other reserves, $775,290; sundry assets and prepaid expenses,- $246,916; total,$6,867,831/.: y / ■; y y"y :V.; y: transit, $302,989; accounts . income $1,874,345 payable taxes, $950,000; and 478,630 payable— tax -1 accrued charges, $226,225; $To 1 — acquire Agent—. . ' 2,000,000 company 696, y'y • y'-': /y. y /- '■ ; - The the directors common, Sept. 22. In $52,450.98. ceive •: $4,281,351; 7 ; • 1939 1940. $167,276 ' y . $165,135; ' t ' banks and cash on hand, $580,725; U, S./ payable, >$71,672; accrued and taxes other 'ex¬ capital stock in treasury (22,400 shares, total, $4,371,139.—V. 155, p. 2459//;; ; %■/', //"'% - Ltd., below. 7 have from adopted Magnavox a . resolution the name of Magnavox Co.— changing Ltd.,* to Co., the /:*yv;tyyv: y' - ,"y-'s>,jv"r stock,- 'y.".': - 156, p. 432. * / cents per- share on the value,^payable Get,-2* to holders-of record-Sept.; y April-2 and July 2; last, and on April 2,5 * Marion-Reserve Period Ended Aug. Operating 1941.—V. 153;> p. 2459: /-y y^ • Power;;Co.—Earnings— ■ .7 $4,022,677 ;y 21,923 $3,648,762; 26,815, $3,675,576' . , $331,753 $4,044,600 155,303 1,796,265 '26,373 23,620 303,664 , 503,771 329,851 i. , ' ' . . 32,110 18,993 for refir. reserve^ : 1,624,013 266,703 $348,300, 1 taxes--—/ // 41,572 profits , ,,..156,858 revenues_r„__ taxes „ 217,660 36,138 198,868 423,332 370,789, $885,353 16,050 36,428 -/ Maintenance Prov. 1942—12 Mos.—1941 , Federal income and exc. - ' y'xy7;7; %• 31-/y 1942^-Mohth—1941 ; $346,587, / $330,046 1,714 . V708 revenues„_._ income—y Operation /' par no A like amount was paid on Gross " , ' Net lilt. present fabricated form the aluminum is valued at Under the Government basis of valuation L/O. F. will re¬ have stock, Months Ended income after : - declared a dividend of 35 cents per share on $20. payable Sept. 30 to holders of record- A like amount was paid on June 30, last, as compared with * *. ' {•< 11'' '4 t -/.» •-oyHiu. y all share per 30— June y. •■.>J/ -• " - Int. '. $68,035 / mtge. serial on Other deducts,; $799,908 271,250 2,546 27,926 32,419 253 notes._-- 22,604 2,171 debt.—— $68,531 22,604 earnings—---™ 011 333 4,274 CV2.676 $496,457 $584,360 271,250 ' net—' on ' Dividends directors Decreased— have the-class on declared quarterly class B and A ; cents were Dec. each paid on as-follows: 30, 25 1 ■'• yyt: • '.;»>'» c April April cents , $51,041 $0.56' each.—V. * yy:(t -1 * •>.» ; stocks, '/ of no IV2 cents per par-value,-both This compares with 12 Vi 19. Bal -V. ; 156, p. 784. A dividend Payments cents.—V. p. 1313. 1 ; - 1 . •„ 'nu 1 \k. «)'■,. t-ji y'.y.rrj 13,461 ;/ '/ 161,530 .161,530 ; $334;927 $422,830 13,461 ; $29,588 $29,576 com._. . yr -1 •»/4 pi'firX-". of 20 cents per share has been declared 31 on the common- A similar distr'ibu-; stock, payable Oct; -31 to holders of record Oct. 15. tlon was made on this issue on Jan, 31, April 30 155, t.ji $43,048 ■$43,036 $5 pfd—/ Marshall Field «fe Co.—20-Cent Common Dividend— July -yi>'>./•■• a/k.-kc,' on avail, for and July 1, last; Payments during 1941 July 1, 30 cents each, and Oct. 1, and 1 and 1 dividends common income accr. ; ' ; - „ Net Divs. "1941 taxes—$25,756 89,558 common shares__ $0.29 "Adjusted. The '.:/'ryy.' . 1942 charges and payable Oct. 1 to holders of record Sept. par '/'■■■•;'. Liberty Loan Corp.—Earnings— 6 j ..y, stockholders corporation Non-oper. of treasury its $19,922.58 for the stock.—V. 1941* $80,115 ' . , fronts. share Laclede Steel Ca.—35-Cent Dividend—; ; in July 2, Oct. 2'and Dec. 26, 1,111,716 ; 38,450 18 turned over to the Government for use in building bombers its stock of 82,233 pounds of aluminum, it was an¬ nounced. The aluminum originally yas fabricated for decorative store Eaniings y has* reappointed the Manufacturers & Traders Trust Co., Buffalo, N. Y., as co-transfer .agents for its capital stock.—V:. 156,' p. .''y;/-' y .Vf. Co.—New Nanie-r-"; 151, p. 850. common Sept. Net Transfer 1942 Magna vox Co., Ltd.—Changes Name— The the 30. Libbey-Owens-Ford Glass Co.- -Aluminum Stocks Go on .275,000 % " '$1.50 Balance. Sheet at May ,31 ,. 1 lit'5..,. ; .. See Magnavox Co., General '"Company y Manning, Maxwell & Moore, Inc.-^-25-Cent Dividend—* of shares of company's capital stock in consolidated herein.—V. 155, p. 2281. 3,000 company 269,600 ^$1.44; %;li%;$l.40 surplus/ $1,193,740; 345,145 $5,918,161 —~ — for depreciation reserve subsidiary pro-; ' The y' The directbrs Trave declared a dividend :of 25 $1,354,504 in 1942 and $1,277,195 tlnvestments in and advances to foreign operating companies/ "Less 258,349 246,500 $1.44 t * fcSsyyi/w,"4117,909/.; 276,325 for Total - $775,290; capital, $4,916,317; total/ reserves, $6,867,831. ^ —„ share Magnavox ; $586,615 ' contingencies_%i%—-l,i.yy :yv 507,334 capital-stock y——y%—__>^r__y 2,000,000 Earned surplus ,'1.036,302' tLess surplus .used ——y—y——, 38,450 Reserve ; • , Liabilities—Accounts vision for par) Liabilities—Accounts y ■. accrued interest, taxes, etc— Accounts payable, to Government— and 301,749 319,125 .938,308,. $1,350,165 y 357,499 $5,918,161 ..$4,281,351 ;,;i;Liabilities $3.53 ;./*•' - 295,544 :^/%%y/ V at cost), Dr$302,477; — 2,000,000 $2.77 ... at June 30,; 1042 as $1,369,028. . provision made for excess profits tax. earned (Incl. Domestic Subs.) v * 1942 1941;; "Capital assets _yJ„ —$1^39,471-;' $1,387,801 Cash 1,112,518 623,608' Accounts receivable, less reserve— 787,387 622,957 Sundry debentures ' 94,111 81,679 Inventories 2,409,145 1,394,934 tlnvestments ; % L ' 143,358 142,995 Trademarks, trade names, etc._—1 1 Prepaid expenses 32,171 27,376 ; - '}i $1,452,866 992,666 ' $37,502; advance rentals, sales; of advertising space, ; etc., ; estimated provision for Federal" income and excess profits taxes, $390,000; reserve for contingent hockey expenses,. $10,000; capi¬ tal stock (268,900 shares, no par), $2,798,259; capital surplus, $144,791; §Loss. gain on exchange conversions. capital stk. out- standing- tpar $1,512366* $411,857- $376,362 .- . $27,652; profits tax for 1940 and 1942 periods, respec¬ 'Assets— in 1941. Profit , Dividends $385,586 1,067,279 penses," expenses, y Consolidated Balance Sheet, June 80 445,623 1,367,114 $355^544 1,157,322 , , (less, cost,$13,904; U. S. savings bonds, defense series G„ maturing May 1, 1954, at cost, $50,000; investments in-and advances to -a wholly-owned sub¬ sidiary, $27,247; land, at cost, $1,612,704; buildings, equipment, and. lease improvements, at cost (less allowance for depreciation and amortization, $3,083,848), $1,658,491; prepaid, expenses and deferred charges, $72,134; total, $4,371,139. y- y .. . ^ %.%;• y.y;-';y tNet profit from operations ofr Canadian subsidiary companies tively. and y 1942, 11,545 172,067 84,727 81,297 " Treasury notes, tax series B, at cost, $300,480; accounts receivable allowance for doubtful accounts/$2,023)/$55,455; inventories, at 1939 for cost of goods sold, selling, general tlncludes $35,000 and $5,250 provision* in $5,873,381 administrative in 400,000 i $1.62 $9,697,488 deducting * . 218,353 taxes^y^y X; 813,955 for 83,586 , " on 4,382 2,402.928 16,175 10,616 117,110 163,740 j— y-.v* .r7:7;,._ outstdg, share—- per •;y;.;- 2,235,795 y 150,727 155,732 1390,000 y ~ ,119,330.' tax 3 Mos. End. Aug. 31— $106,004%;,- $79,198- / 19,215, 23,551 22,240 ——_ inc. 4,167 ;y»Aftei^ depreciation and other charges.* '- : - $143,546 1939 $3,099,291 "Includes estimated losson New York World's Fair 1939 debentures of $10,069 of investments.' ^Estimated provision for Federal income and excess profits taxes com¬ puted under the Revenue Act of 1942 as passed by House July 20, 1942,- $1,084,784 634,720 1940 2,260,636 — Fed. (no y"No 79,536 $13,462 : 1941 • 2,383,269 i! mortgages.. Earnings 'per $1,057,101 ^ 1939 $9,428,828 $12,304,883 $14,627,930 .. for ing $591,916 h 'I- (& Subs.)—Earnings—Years Ended May 31 sUrp., May 3Uy$l,193,740 > $1,157,322 $1,067,279 $992,666 '-Common--'shs. outstand-yy /■/.;''. y.7••y> $1,136,637 32,812 f 9 Months "$5,581,464 - . Earn. Dec. 31,'39 $613,193 $1,394,910 > , —— ' June 30,'40 34,950 — • dn the amount of $220.000.—V, 156,- >;jy;yyPi942 . yy:'y.y' Ended $578,243 y j 3 Months $2,139,937 Nef profit llarned. surplus at begin. pf period yyy'. ryy;. 6 Mos.1 -'j(yy 12 Mos. 1194 1942— —$3,301,780 ;, $2,930,032 $2,884,922 & adminis. Jc-y.iy-yyyyy •. deductions Prov. V. $9,404,781 $12,281,332 $14,608,715,. equipment Provision ' y 44,764 common in $6,221,726 . Operating expenses Prov;.-for ' ' t taxes Totai'. 72,613 (par -$5) Federal Administration f ! share was recently declared dn the common per for contingencies Depreciation 156, $1,354,095 '( 230,422 $6,191,672 30,054- productions^-— income 12 y gen. expenses Interest on After $1,362,098 dividends_i— ,.:..V > 166,849 - before reserve y-'v.)- value y— Surplus "After y _ paid 77,309 . p rof i t < y: 235,783 45,876 the $104,507 par for the shares. between price foreign opers. fr. Common $259,000 1,497,859 - depreciation Years End. June 30— Total and , t Income •; ' $5,090,210 2,357,702 yy Interest , months' seven 75 . $1,386,640; $1,434,711 income-^. Net 2,618,581 250,000 par)— 783. V Lake Shore Mines, Ltd.—EarningsBullion the- If 1941. Dividend— Consolidated Income Account for taxes on the p. $1,309,331 " —1 Total < fi Inc.—$1.25 Assets—Demand deposits 562,011 . 1 V. 155, p. the for income i , ^ Madison Square Garden Corp. the corporation will be charged with the and — Federal taxes ■. 54,978 surplusfor contingencies ~n^r-r - of Act Revenue excess increase 83,887 , 257,703 ;■ it*, u s, investments in subs. an proposal of normal and sur¬ Congress.—V, 156, 12 Mos. Ended June 30 expenses Total income 418,363 144,798 -,u.i a of $4,13 Committee's providing for Federal difference purchased for possible Federal excess — surplus Reserve profits taxes by the excess ended July 31, 1942, generally payable with income "Net 923,784 y 240,191 expenses $3.13 >V--y:y (Including Domestic Subsidiaries) •• Depreciation $0.40" returnable trade on f> boxes and bo t ties i.J.y Capital $1.25 of $10, par •After $417,091 255,757 the Reserve for revaluation stock and the 31, 1942, would be reduced by $444,000 br¬ Bleachery, Period End. June 30, Net 33,750 stock¬ proposal to reduce the capital of the company through the retirement ,of shares, pur¬ 1932, to September, 1942, at an aggregate cost a Balance $450,000 y.; 1,894,206 $1,982,377, yy;y;;y:-;'y: after Earnings bank "faxes-, payable-Deposits refundable to Common with Lukens Steel Co.- 4,404,702 a$d 45% profits excess 1941 for to this Period— "Profit 62,500 ;X - Recounts payable, trade^ Accrued income net p<-2783, p. 2368. providing for Federal income and the Senate Finance of basis vote shares Shares : 20,564 $2,774,581 Sept. 26 to holders of record Sept. 22. This cents paid on June 25, last, $1 on April 20, 1942, i and Jan. 12, 75 cents. Payments during 1941 Were as follows: Jan. 11 and April 14, 75 cents each; June 25, $1, and Sept. 26, $2.—V, 155, corporation will hold its yearly meeting on Oct. 21, when Profit $5,554,865 » Notes -payable, Federal accordance consolidated and dividend A stock, Compare 1,495,739 • 86,491 $0.67 r„'> ;yy,y;y i." .y; hand Liabilities— for in periods ended July Lowell 6,619,955 : V 11,250 the basis of the Revenue Act of 1941 plus on $2,086,884 yiy..y ' -yy $102,054 • . v 23,693 —_ companies for Federal income and excess profits taxes for the months-ended July 31, 1942, would be increased by approximately Dividends paid ' 610,041 y. —._y—...128,577 Sundry receivables and U, S. war bonds—29,047 Containers on. hand, less res. for deprec,, etc,.i v. 580,891 "Plant and equipment — : 2,701.879 Prepaid expenses and deferred charges • 59,157 on 70 cents. 37,000 91,345 - seven ; y.Lehn & Fink Products Corp.—Earnings— . !•' V.-'-"-":11942 • hand-.——$594,625 (net)-. 850,647 ■ . the common charges capital surplus would be reduced to $81,871,927.—V. p. 783. ** •■ V. 68,912 receivable,; trade Inventories- 1 such Comparative Consolidated Balance Sheet, July 31 Accounts 1942, 26, made each period.—V. 156, the declared oh 884,521 -312,265 y 154,271 income $2,001,468, 33,613 122,127 $85,315 31,250 $0.34 Earnings per share on 250,000 common shares— ,y. 'C$2,607 adjustments——.. pending .1942 tax bill is- enacted in the form in which it- was passed recently by the House of Represen tat ives, the provisions required by- $326,707 ... 107,322 ; taxes chased from September, of $2,105,975. Capital surplus of ' 14,571 133,498 Dividends paid : 250,000 ' $3,097,738 Note—Provisions have-been "Financial (Toronto Dividend— 1942 Net deductions 12,769 58,233 37,000 y capital expenditures acquisition - 58,027 Crl92,677 expense companies for the seven months' period months' requir... on holders will taxes and surtaxes Provision for Federal income - Miscellaneous $444,000 share has been per ,-V construction.— to 160,227 160,227- :y Net income Lehman Corp.—To Reduce Capital-*- 866,644 29,170 —' depreciation..: Fed. per Net The $312,136 $355,305 income from increase. Co.—30-Cent cents charged plant of Amort., Oper.; $2,471,942 1,293,161 ; bef. inc. from $332,571 22,734 Other income for Interest > * i f • , 1 > < little belpw thpse of last year this basis of the revenue bill then before sales, Operating profit Total 30 of contractual rehabilitation and 11,030,450 l,030,450s exepnse—- —,_.y. Amort, - corporation tax of 90% of Provision 602. and interest flood ; $4,232,984 $4,364,036 i discount , , of "Net income for 1942 is after ' Deductions share debt./ of 572,142 1,421,500 1,428 1,145,508 1,034,347 549,527 122,087 $4,166,019 ' $4,007,799 198,018 225,185 —___yi~-w-^debt of Amort, 1942—8 Mos.—1941 1942—Month—1941 31——$2,756,476 $2,432,083 $20,775,655 $13,423,203 estimated 1941 y.y "after excise taxes, discount and allowances :_A—$2,779,170 Cost of pmducts sold 1,412,901 Selling, dlwery and administrative expenses— 1,033,697 from > 1,189,236 * 103,880 funded on I „1,179,006 —i, . 3,823,494 taxes.— ——1,540,825 income.—. income compares dividend Co. (& Subs.)- -Earnings— (G.) Krueger Brewing Income Other work, both individual and business from closing six branch of 5,070,953 other income Gross Interest ,' profits excess Amortization military and prpfits a April 27, on profits taxes '/ •/•' /'/ y inc. Net during the four-week period ended Sept. 5, against 3,555 in the same period last year.—, operation 696, p. loss income ! , Weeks Ended Sept. 5 1942—36 Weeks—1941 36 and 1942—4 Weeks—1941 totaled 3,339, 1942, V... " '//yV $1, payable Oct. 10 to holders of record Sept. 28. This com¬ 80 cents paid on July 21, last, 20 cents regular and 30 par "Net a Stores" in dry p. of Pfd. Vice-President of —$30,016,517 $23,136,618 $255,503,216 $201,420,815 Sales ;.y- 156, p. 515. Net President—Sales Senior been ' company. y . —J——; operating Total •V (R. G.) LcTourneau, Inc. (& Subs.)—Earnings— elected President to succeed the late been Robertson Mr. Sales f /•/;,:;/ , ': 1941 $12,677,833 Period Ended Aug. Kroger Grocery & Baking Co.—New Charles . r(; Subs.)— ; • 1942 income Net with cents two Net. sales Albert State the on necessity for conservation of clothing to in*? cleaning service and that this company will expects for 155, dividend A of pi, • i, pf 1941 Leece-NeviHc i.,'-.. 1312. p. share per J,. • (other than income taxes)—— Federal by this company has largely business, states' S. R. Mackellar,; delivery volume considerable a Post.")—V. share on the common stock, par $1, payable Nov. 4 to holders of record Oct. 3. This compares with four cents paid on May 4, last, and semi-annual distributions of five cents each on May 1 and Oct. 29, 1941. In addition, an extra of one cent was paid on May 1, last year.; 155, Taxes during the present year have been heavier during siml-' demands crease per —V. ' 1S41, largely due to payment of cost of living bonus; Mackellar cents of dividend semi-annual a cents 6 ■"' ■ . —J—/%—_%/,/ ' 581,384 " for retirement reserve.——1,541,000 Amortization of limited-term investments— ' y 1,434 bachelor , ahead Costs Reduced— Kirkland Lake Gold Mining Co., Ltd,—Div. ; of (Ky.) ; (& :'/"•* . Appropriation this ..y Co. Maintenance amount on \///'n // ' ///////.'; y:,'./f laundry department, aided by addition has been above expectations. This division is run¬ the work, are months of lar — 1 ^ common like A payments : dividend a ''v;/*y; offset partly from capacity." to to date. 15,300,000-', $6,298,293 '' has ; Sales - and considerable military ning 364.510 1,600,000 . v yy the on 15. City deliveries are now restricted to three per week in each A Revenue . J>\. 163. ';7.y 7 ■ call in stores./ 3,641,199 I——— stock capital of Oct. record 15 cents each quarter from April 15, 1940, to and 30 cents per share in preceding quarters. 1941, 2368. p. President. 684.050 22,000,075 23,785,672 24,787,364 10,821,652 10,821,652 10,821,652 Earnings per share-ti._—---r—^iia,: $2.03 $2.20 $2.29 v "After inventory adjustments. tBefore depletion, tlncludes sundry taxes.—V. 156, p. 696. ■' 1 /'/ ••"//•" fNet profit 156,v,p. have declared 15, offset' decline Mr. (Shares of July 31— Operation; Increased sales af the 29 stores operated . 35,831,474 /. 22,927,700 profits tax contingencies——--— and excess income Fed. and admin, General holders Langley, Ltd.—Sales Ahead of 1941—' 84,920,498 49,089,024 464,640 353,331 Oct. 155, contract, Total share has been declared per to 26 25' and July 25, last, the first Electric & •' ;'/ Operating revenues -a-.—-$15,373,736 ■..« > Gas Earnings— stock, payable Oct; 15 to holders of record Sept. 30. A similar was made on this issue pn Jan. 15, April 15 and July 15, incl. V. $ 616,234 cents 1930.---V. directors class B 1940 43,626,547 10 Oct. April on last, as compared with $ , 50,338,074 ; —— Depreciation and Louisville 19, distribution 1941 .J 828,874 Operating income income', follows: as and Dec. Federal income taxes—; 155, p. 1513. /-/.—/.y;//- 130,742,569 111,623,021 ..J/-™ "80,404,495 . 67,996,474 Operating revenues Operating costs • were y Langendorf United Bakeries, Inc.—Class B Div.— -Earnings— Subs.) (& Copper Corp. Months Ended June 30— Other, 1941 during - .J. Sessions Co.—10-Cent Dividend—' of payable paid was Co.—25-Cent Dividend— Refining dividend stock, ' y dividend of 25 cents per share on the comnidn stock, par $ 10, payable Oct. 1 to holders of record Sept. 20. This compares with 30 cents each on April 1 and July 1, last. Dis¬ tributions during 1941 were as follows: April 1, 15 cents; July 1, 30 6 Payments 2458. p. Years End. The directors have declared a Kennecott 31. 15 cents; June 30 and Sept. 30, 50 cents each, 155, $1, par Jan.. 28, April 28, March on 31, $1.10.—V. payable Oct. 28 to holders of record A like amount was paid on April 28 and July 28, last, as 20 cents on Jan. 28, 1942. Payments during 1941 were as stock, common cents March the 10 cents per share on dividend of declared a have 25 Inc.—10-Cent Dividend Kaufmann Department Stores, The directors Monday, September 28, 1942 and July 31, last/ 1941 were as follows: Jan. 31, 10 cents; April 30,* Oct.-31, 20 cents each, and Dec,; 29, a year-end of 60 156, p. 607. > : : : " during and . , . . . . . Volume. 156 Number 4111 THE COMMERCIAL & FINANCIAL CHRONICLE 1153 "" 1 Martel Mills Corp.—$1.50 Accrued Dividend— The directors have declared of accumulations able Oct. 1 made on lows: holders to April the on of July 1, last. 1, 75 6% dividend of a record Payments cents; July $1.50.—V. 155, p. 264. Sept. similar A this issue during on 1, 18. $1.50; Oct. 75 1, ;y V stock, distribution 1941 were and stock, common This V. have declared $1, par payable Oct, with 50 cents each compares 155, p. dividend of a 2459. 1 25 cents holders to ' • 30, of ' " Period End. * ,, the Operating 23. Operating * 15, last.— ' July 31— \ •' Federal Other revenues ___ expenses taxes ________ taxes Prop, retir. res. approp. X Masonite Corp.—EarningsV ---Period V "Net 12 Wks. '42 $151,252 sh. per $830,801 539,- \ on Net 3 Mos. '41 profits' Earns, • Ended Aug. 31— •, - 1942—12 Mos.—1941 $1,448,434 210 shs. ;v oustdg. com. $2.39 $3.54 (net) ______.LT "After depreciation, Sales >■ totalled $13,109,030 taxes - in the surtaxes V ' 1942 fiscal 1942 fiscal - • - Other compared as year Federal year. and State ! 83.9 "14,257 " and $3,241,000 period for Federal profits excess tax. tax computed the on House at year's total Bill, rates namely, tax, under taxable of rates because of visions of posed 'd';; the income the Internal Revenue amendment.—V. 156, Act Income computed proposed at normal 1942 and that than Code rates Net ' of 22,728 At public and < ' 2,328,575 the Balance tPfd. subjecting - * • to ; The ,Fund reported increase an in asset net value, per share on Aug. 31, 1942, compared with $6.65 at the close of quarter. Net assets based on market values as of public___ ceding amounted to $6,621,609, available for the 906,455 shares 31 Aug. outstanding, against $6,150,365 for the 897,932 shares outstanding on May 31, 1942. During the three months ended Aug. 31, 1942, holdings of New York bank stocks were increased by purchases of Chase National, Guaranty Trust this of and National period. City. Other These portfolio the were changes only additions included the holdings of stocks of Anaconda Copper, Pan American Airways.—V. 155, p. 2459. of a portion Kennecott Copper trustees have declared 20 to stockholders from Sept. v investment 30, 18 cents 1942, on income and a v equity "above). which "investment 1,405,802 ; selection $3,300,245 $11,370,704 $15,769,074 1,405,8025,623,206 5,623,206 to that the securities on with 24 40 cents 1942; for owned on cents the paid Jan. 20, quarter July on 1942, and ending 20, 21 last; cents a 156, p. 866. Bookings Billings $3,872,000 2,050,000 —______ Unfilled $1,461,000 $20,935,000 $13,025,000 1,884,000 14,453,000 11,656,000 a year . :.vv , . v;vv: vv/.,\a';-*./ '7.r: h''k:.-yrAl?. , Other taxes : per July > (Canadian currency) „ Period Ended June 30— Gross • from earns, 1 1942—Month—1941 oper. $836,719 633,360 $203,359 - $0.22 for 31, Federal 1942, under applicable Note—The the to of purposes bonds the the ended effect laws effect and in of j; $139,939 $1,841,685 three Act $1.29 months of It formerly'"widely . well a staffed then was this of stated material of each earnings a 1939 in 1942, and Such for terms additional 1941. tFull periods whether to the and and discount related 1940. income or If un¬ State taxes; deductions and items If of bi»ted for call expense, income tax premiums per share has been declared on the common payable Oct. 15 to holders of record Oct. 8. A similar distribu¬ ztock, tion was made • extraordinary < * See Peoples Light & Power Co.—V. 152, deductions of (based ' when The directors on Sept. 14 declared stock, payable Oct. common amount paid was this on Sept. 15, last year, and on 15 to issue etc., 30,325 -30,009 $2,793,166 116,191 346,529 38,543 190,024 " 7,421 29,624 • " >■ income record April last; 4, Sept. 30. A like April 15 and on April 15 and Oct. 15, 1940.—V. 156, p. 1054, Monroe Loan Society—5-Cent Dividend— A dividend of live cents per share has been declared the common Oct. 8. A like on stock, par $1, payable Oct. 15 to holders of record amount was disbursed on Feb. 1, April 15 and July 15, last, and Jan. 15, April 15, July 15 and Oct. 15, 1941.—V. 155, p. 2459. Montreal Light Heat & Power Consolidated on ■ " ' " " limits New — Major A. to directors Sidney of fill Macaulay. Major Dawes ' - •, ' • Act. of 103,502 $1,377,726 $2,123,487 $5,314,834 $0.18 $0.11 and that is President and Managing Director of the Belmont Co., Vice-President of Federal Aircraft, Ltd., President of Mills Elementary Flying School—now a part of the Commonwealth Air Training Plan—and a director of the British Reliance Insurance Co.—V. 155, p. 2370. $0.01 • " It National Can Net for Federal taxes 85,000 • $93,656 share 2097. per 154,000 shares on $158,849 $0.61 $1.03 — irt of On end Researcli Corp^—Opinion June 1942, corporation, 27, company, filed a the Securities Act of 1933 shares 1,211,500 of National of sponsor investment under Dis¬ Series on an registration relating to Securities unincorporated statement of matters proposed public offering Series. On July 15, be to considered at hearing set for July 27, a it is difficult would or on dismissal of stop Net sales ____ $5,522,120 $4,853,105 5,835,507 !> Cost and expenses——___—_ <• ■';/.{•v'vS ; 4,815,069 $7,886,182 7,448,554 • ti Loss Other ■ . the notice and statement of matters afer having peti¬ hearing on the the the of nature Additional of material these These the amendments amendments to the hearing the proceedings under a . | - .. . it to be ance of *$38,036 94,968 59,173 Amortiz., depr. and other chgs._ *$97,209 *$472,984 ' 23,826 Federal and State income taxes A to false be can Net "Profit.—V. 155, Months Sales Ended _____ Profit after Federal Net State profit $242,245 154, p. common *$287,993 and and of the investment statements must statute and Series" to an entitled had share The 1,292,679 255,000 $467,679 ! and 688,153 825,000 prof, taxes 56.. 1941 $23,680,000 $21,424,000 a exc. Securities 1942 i..__ are Enterprise . • : the be the been sold shares were of with presumed companies. this to be Commission's It has Commission familiar rules with filed under the numerous the Securi¬ objectives of and offering of five of these series had "low-priced the or stock issuable under a trust The shares of all series agreement between the registrant. as The value shares plus a of each series commission or are to be loading conceive sold charge to of the public at net asset 8Vz'fo of the offering conduct in of their been its to busi¬ context grossly and misleading The ultimate economic that responsible officers and promises express achieve may the were effect expectation of their fulfillment misleading impression created in an or the less false or misleading fall short of express claims furthermore may lend to seem the promises. or solicitations substance to peculiar ' , . can because and to achieve certain specifo* « . do not five do scries be cannot drawn connection We so. ment series objectives" constitute from be however, can. objectives" of seems regarded shares the series the vague and investment performance the inferences character 30, referred statements 1942, which to. with appear of our authority .to pass upon scope under the statute that such require are which financial of April as , previously offered. stated supporting as of to . ,. is height¬ clear that the is made s . opinion against statements reference our with the results achieved originally standards precisely measured, it various in in conjunction It is not, of course, wiwim ine the merits of securities registered to do nor statements attempt we of "invest¬ be appropriately qualified to indicate the extent performance has attained or fallen short of those which past "objectives." In to instant the case the registrant has amended the registration statement and prospectus to revise ments with reference to series referred concerning to stated As the which the Series" .stocks by "Victory and Series," as in a common income United in this series the registration described "investment state¬ "National as objective" group of domestic and foreign obligations, corporate bonds, preferred which may be expected to produce a • stocks, and. benefit especially, as the result of victory Nations." registration of • diversified government and the follows: above Series" included authorized described reasonable Victory company newly a investment was The the of and qualify the state¬ objective^" of the five "investment to eliminate entirely the statements "Modern Investment Methods." ^ and above shares "An ; statement and included an "eligible eligible for purchase "whenever, Economics and Investment Depart¬ ment of National Securities & Research Corp., they will best attain or maintain the investment objective of the Victory Series." This solist" which called purported to indicate in the opinion of the prospectus securities the eligible list was not in fact a list of securities. Rather, 36 were named with a statement that "any bond, security issued or guaranteed by any of the following governments or political subdivision thereof" was eligible for purchase foreign countries obligation or addition majority a made Of the in the the bonds to classes of stocks of 90 corporations, which were domestic companies. Provision was also purchase of domestic governmental and municipal Issues. 90 foreign and domestic corporations 53 were also eligible lists of one or more of the other five series. consider We all and of the for included it misleading to imply that management can assure the future attainment of a specific "investment objective" or that a profit will be derived from the occurrence of a specified future event the repercussions of which seem hardly susceptible of accurate pre¬ diction. ment "investment of considered with might opinion the of the new series ("National of the new shares, the state¬ so-Called eligible list when portions of the prospectus in o£tr addition, we consider the name Series") misleading. The title Victory new series some manner even the should separately by the trustee. ■ sale express promises in a prospectus to realized profits, and substantial invest¬ none respect to each of these five in the prospectus. In public being registered for the first time. issued common - been registered previously and by National Securities & Research Corp. "National Victory Series" recently had been authorized to for the "investment be may this in trustee, and the holders of the shares. The assets relating to the shares of each series are not commingled but are held $0.81 A J regulations thereunder. statement under discussion, as stated above, related of 1,211,500 shares of ^National Securities respectively: "Bond series," "Low-price bond series," Empire Trust Co. $433,153 $0.90 AA,,,- We deem The registration Corp.—Earnings— July 31— inc. $27,865 of "Preferred stock series," "Income series," series," and "National Victory series." _—______ Earnings per —V. that 1123. charges, but before taxes__„ and *$284,783 number a registration Act originally p. registration statement as it was have been remedied, we have deter¬ the guid¬ registering securities pursuant to the Securities upon the registration statement as originally filed. comment sponsored other 3,210 National Department Stores 6 '• $27,865 taxes- loss ____!—— the to companies History 62,550 $242,245 in appearing National Securities & Research Corp., the registrant, acts as under¬ or distributor of many investment company securities and has ties Credit adjust, of prior years' to will writer 125,65T 125,074 that us and securities, *$437,628 ■ Loss deficiencies now the registration statement may become effective. the public interest, however, and appropriate for 35,356 $218,419 Loss, including other income_____ in ~ $313,387 income to can which In post¬ statement formal hearing (d) the have Although no such prospectus, language which vicious. the indefinite was section 8 for statements misleading effect of these statements Although changes 1 material that offering make ened when they are considered with the public's funds in the registration amendments have made and accordingly facilities would "National Commission that view mined Act __ __ The Victory the in to and which were referred to in the prospectus) favorable "investment objectives." ment have since been filed. : ' ■£ "objec¬ generous present day might not separately and although the registrant and achieved...! this oustanding opinion of the Commission order proceedings follows: The 1940 1942, 1942. unnecessary 1941 open- the SEC statement with a prior to the effective date of the registration statement, the Commis¬ sion instituted stop order proceedings under section 8 (d) of the statute by confirmed telegraphic notice to the registrant followed by a is basis for selling securities. the forces now at work &e a. investors seems results of originally filed :-'v1942 ' . 243^849 - 468,000 • income p, $1,377,078 $2,272,263 561,656 - Stop Order Proceedings — Name of Changed—Registration Statement Effective— In Corp.—Earnings— intention a opening paragraphs of the prospectus were designed to suggest to the reader that the registrant possessed the requisite foresight, skill, and experience to interpret for his benefit and profit the economic effects of complex forces (only a few of 1941 1942 • - be dismissed. 6 Months Ended June 30— produce made' concerning to extravagant claims in the course of oral ability and skill on the part of management. $0.67 - 1055. Profit before taxes poned. ' • "Investment of those achievement. these statements giving rise thereto National Rubber Machinery Co.—Earnings— Provision issued misleading promises by, implanting less no minds 888,490 $291,967 been qualification as be can such be '.** 120,749 eom. -share. p. The demonstrable opinion could jectives 4,189 of of "contained 30,671 on July 20 to dispense with a registrant was willing to make appropriate in the registration statement. Windsor the achieve income in the conduct of an investment company. They should not be permitted to employ in lieu thereof statements which may induce the investor to believe that they possess the skill by which those ob¬ $6,203,324 8 Months Ended June. 30—. ^ ground Construction the 156, tioned - > forth statement a would ment referred M.C., has been elected to the board of the vacancy created by the death of the late T. B. which an organization our employed The registrant .filed material amendments on July 21 and July 24. substantially revising many portions of the registration statement Dawes, extensive achieve have some is 400,085 $2,226,989 The Director- set and be 'expected to income and having Securities extensive 218,294 $1,498,475 deductions per Net'sales of A series "may produce portfolio appreciation, $6,852,374 ' $296,156 Net income missal dividend of $1 per share on the a with , prospectus six many of the statements contained elements of truth circumstances 119,023 7,567- National Securities & holders of on provided many of can safely assume are presently within the realm of reasonable prediction. Under these not $1,660,630 •••. - it without $6,733,351 93,070 ,47,599 \ the possesses ness, 1942—12 Mos.—1941 • $2,763,157 ; / $444,392 • oper. 1941 $1,630,305 6,253 income 1 • Int., 1134. Missouri Gas & Electric Service Co.—$1 Dividend— a statements of this character by subtle omission an effect directly in conflict with the by principles of adequate and accurate disclosure con¬ the themselves of p. organization, investment as may shares Although directors $438,139 taxes Net by conditions effects 1942—3 Mos income Total Earnings —V. 155, Mississippi Public Service Co.—Sale Proposed— of be within f' solidated) , July 15, last, as against 15 cents each on Jam ;15 and April 15, 1942, and 20 cents extra on, Feb,. 14, 1942. : Payments during 1941 were as follows: Jan, 15, 25 cents;. Feb. .24, 25 cents extra; April 15, 15 cents; July 15, 25 cents; Oct. 15, 35 cents; and Dec. 15, 50 cents extra.—V. 155, p. 2459. on "problem investment company. These securities, of should be adequately and accurately described in the prospectus. offering its shares a company attempts to describe the services in on refinancing by made to exclude & Supply Co„ Inc.—30-,Cent. Div.— dividend, of 30 cents re-ex¬ moreijiumer- performed as investment manager of the public's funds, these likewise should be adequately and accurately described. The description of these services, in our opinion, properly should be confined in¬ from resulting adjustments were such upon Comparative Statement of Income, (Company Only) Earns, Midwest Piping A be: must that Us known public to effect Period End, July 31— Income from subs, (con¬ —V. • accepted" course, at the end of the respective periods) additional approximately $1,776,556 and $471,000 for taxes based income Would, have been required for the years 1941 and 1942, Other well the dividend earned to suggestion templated $2,077,000 of respectively.>;:;: $791,628 156, p. 784. were that: the the Statements of this character Net -V. Statements this securities seems and months 12 and $885,000 of extraordinary debt other taxable on Federal t '3,618,080 It $8,727,256 $0.61 ,. July 31, Revenue respective for unamortized retired, upon $4,409,708 597,651 misleading. services provisions reflect come, 7' $5,579,495 3,737,810 $4,857,649 earned. Other . for approximately months seven required taxes include Federal-taxes" 1942—6 Mos.—1941 $737,590 Oper. exps. and deprec. • $1,641,846 $0.03 now "Provisions ended $803,757 share_ com. Expenses Mexican. Light & Power Co., Ltd.—Earnings— l deficiencies material more , Balance Earns, r • previous ; v • "yielding a liberal possibilities for price appreciation," "provide a generous earned income," and "exceptional capital appreciation as the objective during upward markets" were employed in describing these series. Int. -5•% . the particularly income," Federal v , * t\:'. f:4 a'.' w v) a j* two appraisals of securities he should buy or hold, selection and supervision is "almost necessarily fact, that select tives." 400,085 orders at Aug. 31, 1942, totaled $10,619,000 as against $4,earlier. Of the total unfilled orders at Aug. 31, this year,L 85'Je was for war production, the company announced, but no amount was included in any of the foregoing figures for work which it Is beginning in connection with the cargo airplane production program. —V, 156, p. 432. ' > 558,000 to ,527,328 $10,264,796 provision 1942—8 Mos.—1941 under sound investment function Following Expenses on" 1942—Month—1941 sold country is now in the throes of a global war. has unquestionably increased the problem of the average investor, although it has, in certain respects, clarified the course, for the professional investment organization. It is now compara¬ tively apparent what industries and companies can hope to overcome the problems of price ceilings, priorities, taxation and other factors that have arisen from, or been intensified by, the war economy." , * ' ' ' Total the Mengel Co.—Bookings Higher— been . subsidiaries Period Ended Aug. 31— had supervision," that, the "average lay investor" is not in make facilities." shown (as requirements of appeared yardsticks" and position income amount 19°ten6s per share, payable Sept. 30. This dividend is derived dividend record compares April 20, year ago.—V. of ' outstanding 639,191 shares of jthc first which amined, that-"investment opportunities are perhaps" now ( than formerly, that these opportunities increase the 9,557,112 i\. .7 >" applicable to the Massachusetts Investors Trust—19-Cent Dividend— The Oct. were above pages of the prospectus as originally filed contained statements under the heading "Modern Investment of Methods" Net equity of company in income of sale the Fund's and for reported -',Vf there to "Modern Investment Methods" "The ;;;';yP\V}• *■';-L;'' to the pre¬ the introductory objectives" $7.30 assets made, lor example, to the effect that changes both at home and abroad were exercising a strong influence c-n security values and prices, that interests Other ' the statements. number pro¬ Value— 1942, * 0 • , The a Portion applic. to minor pro¬ Inc. —Asset from proceedings. National Pow. & Fund, large amounts the loading against' income •There follows a summarization of which led us to institute stop order • Net Second of referred registration • 9,378,971 value 23, series and The provision the $2,504,615 ___________ divs. Balance and under-the - 2,362,941' the June five $5,663,186 $20,749,675 $25,326,186 deductions chargeable ou the rates giving effect to to other 255. p. ^ v. !'•■■-■' Massachusetts Investors int. in made are of the ottering price. expenses trust property, paid to National Securities Corp. The aggregate investment management fee (or the ended April 30, 1942, amounted to $8,732. These fees, of. course, increase as the assets of the fund increase. 1 will 5,196 $4,833,190 (net)— income sales iii-.— Research year $5,636,457 $20,677,920 $25,263,679 • • 26,729 - 71,755 : ? 62,507 tax under bill revenue required before % surtax 1941 and 1942 tax rates. $686,000 greater approximately 1941- Revenue 45combined fiscal year corporations to both is the income Gross of annum & • -'r; 3,706 $4,810,462' ___ when to dVs'/h operating ■ lA of 1% per annum of the value of the trust property with a specified for all series of $17,500 for the year ending Aug. 31, 1943, (2) an investment management fee, at the rate of y2 of 1% per $5,635,618 $20,663,663 $25,258,483 to income (excluding nominal foreign taxes) $4,722,000 of which $1,115,000 was lor Federal normal and 90%- profits - months and other-deductions. the in previous provision for the previous fiscal years was $1,420,244. • * Note—Provision for the current-year's Federal income and excess profits taxes was based on Mi of the tax on the total year's taxable income ' the 12 amounted to - income-taxes $17,306,202 for Operating income that ■ minimum 1942—12 Mos.—1941 .. . $0.21 •• 1 and (Including Subs.) ■ - ■ relating to each series, or from the corpus of each series if income Is inadequate, include the following: (1) a trustee fee at. the fate of ' Rent from lease of plants'! $2,010,886 except The 'A A:.-.• AA'AA - A-?. • A' v $22,283,835 $20,656,043 $89,228,601 $82,263,345 10,569,933 i 10,333,832 • 43,198,278 39,251,671 3,864,280 1,859,591 ,13,174,292 6,126,005 \ 1,413,496 1,373,312.- 5,489,878 5,299,655 1,629,370 1,453,690 6,702,490 6,327^531 oper,'revenues$4,806,756 ■■ Charge is reduced Subs.)—Earnings— Income 1942—3 Mos.—1941 Subsidiaries-?on Sept. record , (& " price, > .. National Power <& Light Co. ; share paid on April" 1 and July •' , Comparative Statement of Consolidated per ^ fol¬ Dec. Maryland Drydock Co.—Smaller Dividend— The directors was as ; v. . t A. L. Lott, President and General Manager, on Sept. 21 announced that unfilled orders on June 30, last, totaled more than $40,000,000.— V. 155, p. 2282. ' account $50, pay¬ par cents, Motor Products Corp.—Unfilled Orders— •;;;;•*-■ v!., .; $1.50 per share on cumulative preferred 1 be bare the well were objectives" introductory have invited identified contribute to the with the the or war conclusion that their effort. It that that the purchase seems such an inference avoided by an investment possibility scrupulously and shares might obvious might be company of in that drawn in the preparation of selling literature unless the funds received from inves¬ tors are in fact to be employed for that purpose. - has been include ment changed been have filed the of name the Holders of the new expanded specific information concerning the proposed invest¬ more It is now stated, for example, that: distinguishing feature of the National Securities policy. "The International of securities whereas is Series investment the fund The include portfolios of the other five National Securities Series." "It is the current intention to invest approximately . 60% of the , assets in the obligations of foreign governments, approximately 15'*"' in bonds of foreign and domestic corporations and approxi¬ mately 25% in common stocks of domestic corporations." The eligible list for the new series also has been restricted and revised to indicate the specific securities of foreign governments which may be purchased, whether these securities are payable in United States, Canadian or British funds, the markets on which they are presently traded, and whether the respective governments have been servicing their debt. In this connection the registrant has added the following statement concerning the investment of funds in the securi¬ of "While of . Federal The problems of foreign of transfer; gations; amount tariff national funds of treaties, available etc., limitations settlement etc, of statement of The the to income for Bond Low-Priced S71.916.33. of amount the year Series, certain of tion which had ending April 30, 1942, applic¬ interest income in the that $6,324 of this amount Niagara Power price Hudson Amends Corp.- -SEC Power " the of taken action by upon in that been follow, therefore, that such interest upon receipt should applied, in accordance with generally accepted principles as a reduction in the cost of the bonds rather than as a The registrant has amended the financial statements conformity with this principle. Other revised amendments the to statement registration description of distributions to and 7 the representing returns of Capital and to clarify the description of the registrant's distribution policy.; Information with respect to each series which originally had been scattered throughout the prospectus has now been more appropriately grouped. The registration statement now appearing to have been amended in respect of the matters set forth in the notice of hearing and otherwise to with comply the requirements American was In of National Tea Co.—Sales Continue Period Ended Sept. 12— 1942—36 Weeks—1941 $62,210,441 $46,717,798 1942, were 977, as 1942—4 Weeks—1941 against 1,046 a year earlier.—V. 156, p. Natural Gas Pipeline Co. of America—New Rates— The Federal Power Commission rate in in case affiliate, its Texoma Natural Gas will "reduce Illinois, for natural-gag wholesale urates Iowa, Nebraska and Kansas by estimated an The (3) "interim" customers which the of (4) ■ a year, said. FPC per Oct. 1941 9, $2 each.—V, tion ("Wall Street by as for the ft. cu. in the 18 week Sept. week of a is reported at 98,852,000 cu. ft., % above production of 93,579,000 ago.—V. 156, p. 4056.7 7 - - 156, p. 867, of $500,000. Investment \ point out that while no bank borrowings are in immediate prospect, with exception of renewal of presently outstanding bank loans of Bates, necessity for additional current funds may arise at any time depending upon receipt of substantial orders, the raw material for which must be procured or definitely contracted for before goods Association—Output Up 6.35%— Total production in kilowatt-hours, both generated and purchased, England Power Association and subsidiaries for the week ended Sept. 19, 1942 (the amount available for New England Power Association and other reporting companies and secondary sales to New utilities), week For 62,737,954 was ended week the output as compared 58,990,244 kwh. 20, 1.941, an increase of 6.35%. ended Sept. 12, 1M2, in which Labor 0.55% Day occurred, from Net from Net ry. 1941 $5,452,515 7.7: 3,816,397 2,502,679 1,134,332 1,625,180 863,609 648,352 38,138,471 16,196,622 9,718,163 29,527,047 26,299,659 income oper. Net railway 55,950,991 from railway..—25,800,045 Net ry. 156, p. $4,038,494 1,455,377 $3,541,600 1,158,649 1— from oper. 1939 1942 $7,855,006 railway..—,. railway From Jan. —V. — Income— 962. 8,512,955 8,926,523 4,590,740 7,840,947 3,954,259 stock, par compares Nov. 103(4 of June 1, and outstanding interest. Bank of St. Louis, general mortgage of 50 cents per Payment will be made at The Boatmen's National { 388 27,600 3,829 'U.-wi'.r 14,400 3,035 3,022 ;;; 12,500 355,000 , Cr7,184 Crl 1,697 1,638 1,929 $430,100 $327,495 1,411 $1.39 $296,408 4,287 $1.27 t$ 123,316 - stock share.. com. per 80,000 112,000 ; prior to taxes fLoss. $1.83 . 'v/v" . June 30, Sheet, Balance v.'; 1942 r ( bonds, Assets—Cash, $897,256; marketable securities, U. S. Treasury receivable, $1,508,874; inventories, $306,020; other "assets, $73,309; property, plant and equipment, $1,073,083; intangibles, $48,737; prepaid insurance, $53,415; other prepaid and deferred ex¬ $25,000; accounts total, $4,034,249. supplies, etc., $48,556; penses, Liabilities—Notes on serve for ' " ' , $142,500; accounts payab(»^, Federal, State and Canadian bank, $120,981; to $355,000; deferred income, $46,668; re¬ obsolescence, $42,000; common stock (ho (estimated), income taxes payable accrued liabilities, $1,050,253; inventory possible earned surplus, $41,799; $1,359,200; paid-in surplus, total, $4,034,249.—V. 156, p. 699. par), ' ' h $875,849; ' " . \ Ohio Edison Co.- -Earnings— • . *$2,020,757 $26,048,718 $23,026,044 $2,007,824 693,305 733,932 9,010,875 7,611,876 278.757 expenses'1^-.- for t • 1942—8 Mos.—1941 1942—Month—1941 revenue, Prov. 250,000 3,230,056 depreciation Federal income taxes—., 149,500 141,900 2,128,600 Fed. 221,900 124,300 2,535,900 3,000,000 2,229,597 1,829,300 1,033,100 $461,887 $577,162 $6,730,756 $7,322,171 285,933 '282,116 3,440,866 3,445,816 $175,954 155,577 $295,046 $3,289,890 $3,876,355 155,577 1,866,923 1,866,923 $20,377 $139,469 $1,422,967 $2,009,432 amortization and ,v General profits taxes— 2,412,530 193,463 202,476 taxes exc. income Gross Int. — deducts. other and Net income Divs. a pfd. stock... — on Balance , North A profits taxes have been accruad at the rates prescribed in Act plus additional provisions aggregating $536,456 possible (45% American of the class B Years End. 50 Rayon cents common per $1.—V. 155, p. 2283. Interest no value, par payable (Del.), above.—V. 156, p. 1057. Sept. 18 deferred action on the dividends ordinarily 7% preferred and 6% preferred stocks. distributions of $1.75 per share on the advised by Northern States Power Minnesota Co. of Minnesota that that dividend on its further advised that its board of directors 1942 Federal tax bill is decided upon, and company when the revenue which dividends is derived solely deferred 32,851 Cr6,867 35,177 $2,451,420 to construction charged : —.....—— .... income income and excess profits taxes by the months' period ended July 31, 1942, have been the Revenue Act of 1941. If the pending 1942 for the seven company 66,803 enacted in the form in which bill is tax House of it was passed recently by the provisions required by the Representatives, the income company for and excess 1942, would be reduced by $356,000 in each period.—V. 156, p. 1057. Pacific American Fisheries, Inc.—1942 Pack— with the comparative figures lor 1941 The pack lor 1942, terms ; -k. of 48 one-pound tall cans per case), is as follows: •., ■. * 1942 (est.) .•.•■■>. w'.--. . 5,000,000 642,000 ... 'Pacific American Fisheries, Inc 12,8% Proportion of the total pack (reduced 1941 6,867,527 '997,817 14.5% , MacBride, Chairman, states: "Considering difficulties in transportation and restrictions that were necessarily imposed upon Philip ,D. fishing toy the military authorities, the results of tions are quite satisfactory. the season's opera¬ "i^s the season, progressed it became more and more apparent that customary methods of operation had to be abandoned and our whole program fitted into the plans of the military services in Alaska. Key men were flown to Bristol Bay and local fishermen and cannery work¬ ers were recruited for a partial operation of two plants in that area. As a result 127,000 cases, (mostly red salmon) were packed and have been shipped to warehouses. company are in excellent shape and will again experience a successful year, dividend shortly before the end of the calendar our affairs financial of Bellingham the there is every prospect that we and be able to pay a year."—V. 155, p. 307, Pamour The Oct. 1. last; Porcupine Mines, Ltd.—Resumes directors stock, common have no declared par value, Dividend— dividend of 8 cents per share on a Oct. payable 15 to holders of Distributions of 6 cents each were made on June 2 and none the record Dec. 1, since.—V. 156, p. 1058. Paramount Pictures, Inc.- -Acquiring Picture Interests of David O. Selznick— decided upon. reconvene enables the then as seems justified. company to declare Delaware from dividends on the common stock of the further action of the Delaware until the Minnesota board has acted,, Minnesota 264,722 1,626,000 made in accordance with had deferred action on the declaration of a stock, because it was impossible to determine the —— expense.^—— 7% cumula¬ the amount of earnings available for that company's dividends until the pending 1942 Since $4,437,256 262,764 % 64,834 Cr 9,491 —— and Note—Provisions for Federal since (Del.)—Dividends Deferred quarter during 1941. Arrearages as at Oct. 20, 1942, will total $4.81(4 per share on the 7% preferred and $4.12(4 on the 6% preferred stock. It is stated that the above action was taken because the company is 269,500 -$4,436,303 954 $4,422,303 1,607.000 ——_—————— debt discount Total for the industry....— usual quarterly dividend of $1.25 per stock, debt Miscellaneous preferred stock and of $1.50 per share on 6% cumulative preferred were made on Jan. 20, April 20 and July 20, last, and in each tax 555,452 taxes— Other "interest' stock Federal 910,500 $4,420,955 1,348 profits excess income..—... funded on of "The common 23,668 1,554,332 , 1,092,179 taxes—,. income- income Amort, to (Minn.)—Preferred Div.— preferred 30. Northern States Power Co. company 705.439 1,500,000 23.703 electric investments. $2,464,345 Federal for other Interest year-end divi¬ Omits Common Dividend— had been 840,207 1,600,000 retirement reserve— and State Income operating Gross Corp.—50-Cent Dividend— Co.—Larger Distribution— See Northern States Power Co. tive 1941 • $14,778,174 $14,029,027 4,629,285 4,672,950 profits taxes for the seven months ended July 31, 1942, would be increased by approximately $356,000 and net income for the seven months' and 12 months' periods ended July 31, of record Sept. The directors on 1942 — 1,572,728 stocks, payable Oct. 1 to holders of record Sept. on April 1 and July 1, last, and on cumulative $5 to holders " Co.—Earnings— repairs for for Federal Federal of 20 cents per share has been the on 15 - . , Electric & limited-term of Amort, share has been declared on the class A The directors have declared the Oct. Gas and Appropriation Net declared on the capital stock, payable Oct. 1 to holders of record Sept. 25. This compares with 15 cents per share paid on Jan. 2, April 1 and July 1, last, and 10 cents per share in preceding quarters.—V. 156, p. 1057. ■ -'1 share pending the July 31— Maintenance 75 cents dividend • . , in Operating expenses i.—. ; A 8 156, p. 868. prescribed rates Operating revenues Dividend— June 30 and Oct. 1, 1941, while on Dec. 19, a was paid.—V. 156, p. 345. April 1, dend of first Act rates Oklahoma Like amounts were disbursed 24. and income Revenue —V. The increases. during the for House Bill surtax and 90% excess profits tax would require months of 1942 $885,605 more than at the 1941 or $349,149 more than was provided in the period. Revenue Accumulated $25, payable Nov. 2 to holders of record Oct. 15. This with $1 paid on June 25, last, and 50 cents on March 31, during 1941 were as follows: March 31, 50 cents; dividend Federal income and N»te—(During the 8 months ended Aug. 31, 1942, excess share has been declared on the common that the directors would take such action bonds, St. Lpuis^Mq., corporate trustee. 18,095 558 dividend of 60 cents per share on the 26, $1; Sept. 30, 50 cents, and Dec. 27, The series A, dated 1935, have been called for redemption as of Oct. 19, 1942, at the 12,864 157,736 possible applic. Earns, 1942. 7. Payments would New Mexico Utilities Co.—Bonds Called— All — April 20 and July 20, Regular quarterly —Earnings— .v. 1940 for Divs. paid on pfd. Prov. declared about this time on the New York Chicago & St. Louis RR. August— Oross . j for the corresponding over $468,120 5,648 3,829 profit Total a Sept. 59,121,149 kwh., a gain of 156, p. 1056. was with week last year.—V. Gross Adjust, preferred Northern States Power Co. the 1 , manufactured. New England Power t$115,329 $396,529 » -w.adian taxes Net North Texas 'V Petitions other of the investiga¬ - Corp, North & Judd Mfg. Co.—50-Cent and seek to borrow, are Androscoggin Mills, $500,000; Bates Manufacturing Co., $1,000,000, inclusive of promissory notes in the amount of $825,000 outstanding as of Aug. 8, 1942; Edwards Manufacturing Co., $500,000; Hill Manufacturing Co., $500,000, and York Manufacturing Co., of scope ;■ „ American A dividend : • ■ presently outstanding bank loan of $825,000. companies, with the maximum amounts which they be the last, as compared with $2 on the 6% preferred and $1.83(4 on the 5(4% preferred stock on Jan. 20, 1941. —V. 156, p. 1057. year filed with the SEC by the five Maine mills controlled by New England Industries, Inc. (controlled by New England Public Service Co.), for permission to borrow $3,000,000 to provide additional working capital as needs arise,' This amount would include can the 20, Applications have been The 7-77777'77%.7%n77 to limit the four stated questions, and added "in general it is your commission ascertain ail facts which will assist in the determination of the true nature of the rela¬ North American Co. with utilities within the District of cumulative Jan. Industries, Inc.—Five Maine Mills Want to Borrow $3,000,000— renewals companies the from stock and one of 55 cents on the, 5(4% cumulative preferred stock, on account of accumulations, both payable Oct. 20 to holders of record Sept. 30. Like amounts were paid on 18, this Association corresponding New England not intend The directors have declared increase of 5,273,000 cu. let, or 5.63 an $288,123 108,406 t$273,065 31,211 ^ Dividends— follows: April 15, $1, and July 14 and Electric Association—Output— Sept. $436,909 $814,994 expense Provision T7:77'7;;y year ago. Gas output %■. above? that North 155, p. 2460. ended nominees, or 7777. did it dColumbia."—V. reports electric out¬ put of 11,607,641 kwh, This is an increase of 100,459 kwh., or 0.87% above production of 11,507,182 kwh. for the corresponding week a week directly or share has been declared on the common stock, were .1, Federal, State and Can- 1941 commission this New England Gas & the ; citing desire our 6% For said The PUC payable Oct. 9 to holders of record Oct. 2. A similar distribution was made on April 13 and July 10, last, as against $2 on Jan. 15, 1942. Payments during . 2,868,550 what under When, tions dividend of $1 companies — panies named above? Naumkeag Steam Cotton Co.—$1 Dividend— A ; ;. - „ ;,.v . circumstances, to whom, in what amounts did the North American Co. either directly or through companies or nominees, dispose of securities of the com- above? associated arising 1940, $6,500,000 in , 414,531 Settlement of litigation- and what price, 828. 155, p. ' $400,463 — obsolescence inv. • ■ ' ,, $2,595,485 4,522,991 $3,639,659 3,351,536 on under what circumstances and in what amounts did the payments, either directly associated through or named effective reduction July 23, approximately Journal")—V. ordered were $3,770,000 order rate information companies? When, , as of Sept. 20, 1942,from the Commission's upheld by the Supreme Court, will reduce the pipeline company's wholesale rates and save its utility rates, new coupled with asking Secretary, North American Co. receive dividends or ether company $2,738,000 ,' annually. SEC DuBois, indirectly, control any of the public utilities named Co. Utility .customers to requested Sept. 16 by the Public Utilities Commission. ..'i; this latest move of a longstanding PUC struggle to break up control over District utilities, the Commission wrote to Orval (2) In what manner, if any, did the North American Co., on accepted new rate schedules filed by the pipeline and Co. above-named Sept. 23 closed the largest natural terminating its proceedings against the history, and company, The FPC 15,67.7 $4,337,909 3,901,000 $4,923,454 . ,• Operating asked the SEC the following questions: (1) When, under what circumstances, from whom, in what amounts and at what price, did the North American Co., either directly or through associated companies or nominees, acquire securities of the 1 - 32,900 the PUC 12, 785. 46,957 59,420 84,229 -79,977 expenses.—. Provision Gross by the SEC of the relationship between the North three major District of Columbia utility companies four specific points in the structure of the Potomac Electric Power Co., the Washington Railway & Electric Co. and the Capital Transit Co., all of which are inter-related and, through the North American's ownership of W. R. E. Co. stock, controlled by the holding company, ' 7' In order to pursue the inquiry into the legality of this structure, L. 114,616 • Period Ended Aug. 31— outside Higher— •Sales —.——$6,767,681 $5,505,878 The number of stores in operation at Sept. which >(;;-'v: 7^7/77 North American Co,—SEC Asked to Study Setup— . above stocks.—V. 156, $1.60 second preferred, and common Full investigation the Securities Act and the rules and regulations thereunder, the stop order proceeding will be dismissed and the registration statement declared effective.— V. 156, p. 164. < ■: v':':;,;X ; :gas io56. p. "A" 209,137 . Sundry expense —7'. thereof amounts 2,324,004 2,663,127 dividends $5 first preferred, prospectus state clearly shareholders to the corporate surplus of B. N. & E., directors of latter concluded should be suspended on the outstanding shares of its income! income Net credit to income. would have 1,752,676 969,512 Operating .profit '' of accounting, $1,550,876 • income years Buffalo, the $1,769,855 7 oper. Other the Niagara Falls Power Co., and Corp. 1939 $1,852,333 A— Death ' • Profit pending court review of an order of the Federal Power Commission requiring Niagara Falls Power Co. to eliminate from its property account and charge to its earned surpuls items aggregating $15,537,943, directors of Niagara Falls Power Co. will not declare dividends upon its outstanding common stock, and that pending some clarifica;tion of ultimate effect of such proceedings, which may be Substantial, payment of 'interest the price fell from $36 to $31%. It seems clear on the facts presented that anticipated interest payments were re¬ flected in the market price of the bonds at the date of acquisition. It Other Interest operated and Niagara & Eastern subsidiaries of Niagara Hudson Power Corp., respecting deferring action on dividends pending clarification of proceedings against the companies, the SEC has amended its "death sentence" order against the Niagara group by striking out the provisions^'hi order for hej/rings referring to dividend payments by these two compa\ies^__ The Commission was infprmed"by letter dated Sept. 18, 1942, that view In reflected bonds had been purchased, for the most part, date such interest was received; that the average of these bonds was $36.29; and, that following the before purchase in 1940 "etcifV.7'■■*""* revenue Operating reserved to cover this liability and expenses. ;' shares (no par) preferred stock and subsidiary of the Ogden Corp., formerly a company revenue freight, .'.Express,1 Gross 10,000 Sentence Order— been purchased without accrued purchase price. Inquiry disclosed, added to the findings has outstanding water a A . these that however, shortly unit bonds ^having been . , 1941 $1,971,214 revenue Passenger estimated amount of $175,000 with 'V v..;. -..-v states' that the cash held by New¬ 7 1942 Years Ended June 30— Mail around Jamestown and Newport, Rhode Island, has sold all of its operating properties and now holds only cash, plus a minor amount of accounts receivable. As at March 31, 1942, it held cash in the amount of $389,125. 7 7'7;;'7 '77777 ;"7 i As at March 31, 1942, the dividends were arrears on the preferred! stock in the amount of $475,000, or $47.50 per share.—V. 155, p. 506. ) represented interest applicable to periods prior to the date of acquisi¬ interest im its Newport, which is as footnote disclosed A an 15, 1941. Airlines, Inc.—Earnings— Northwest (no par) common. All of the common and 8,218 shares the preferred are owned by Ogden Corp. 'The common stock has equity, according to-the findings. . \ v.„;;7 no predictable problems present themselves during and after the war." able ' '. 10,000 shares of . liability in Commission Newport Lend-Lease "Income Statement" tax balance of $239,125 will be security obli¬ for servicing of debts; inter¬ These and many other un¬ exchange; Approves Dissolution— its 31, income , week will not all be distributed until it is determined whether this contingent liability is due and owing. .Only $150,000, or $15 per share, will ibe distributed to the preferred stock at the present time,the of restrictions as: markets; output ot the,..Northern States Power Co. system for the ended Sept. 19, 1942, totaled 37,442,000 kwh., as compared with 34,501,000 kwh. for the corresponding week last year, an increase, of 7 8.5%',—V; 156, p.' 1057.' '• • ; 7 .. : .77;.!y 7', Electric V.- port foreign governments inject additional difficulties. They arise not only from the uncertainty as to the future existence or rehabilitation of certain foreign countries but also from such factors ; / 22 of interest from March problems of domestic investment are increased in times should be understood that the purchase of bonds of it war 7 . 1942, corporation had accrued current liabilities $1,836, with only known liabilities being cost of dissolution estimated at $1,200. In addition, however, there was a .contingent March As of totaling governments: foreign and ; , ties Sept. on distribution holders government by presenting approved the application of the corporation remaining assets to its preferred stock¬ dissolution of the company. ■ ' ■':•••, , ;*/ SEC the for Electricity Production Up 8.5%— obtain immediately the full redemp¬ may Newport Water Corp.—SEC Series— can governments as .well as domestic securities, securities can be included in the foreign foreign no that above bonds tion price, including interest to the .date'of redemption, the bonds to the aforementioned bank.—V. 156, p. 349. The statement of "International Series." to objectives" has been modified in its entirety and "investment to which amendments the In series Monday, September 28, 1942 FINANCIAL CHRONICLE THE COMMERCIAL & 1154 board company . , will . be . .. This corporation is understood to be concluding negotiations for the purchase of all the motion picture interests of David O. Selznick, of the Industry's The and plays, right the transfer to is said to include all its present inventory of stories his contract list of players and directors, and well as the completed pictures with -the exception of "Gone With all Wind." one outstanding producers. ;, COMMERCIAL & FINANCIAL CHRONICLE Number 4111 156 Volume in the sale reportedly ■.were, given a valua¬ in the. croup were ."Jane Evre." "Kevs on which production assignments had "Delilah," "Tales of Mystery and Imagination,"., and well as other properties. V , : Story properties-Included tion of -of- been- "Titanic," ; as The "Claudia,", Kingdom," -made, , Oct. mount find Robert Stevenson, 780. vL,-:;/. / p. Patino ; directors,- ("Wall Street //.,/V;V7.7; Mines & directors Sept. on ;/ United States distribution funds made was ■/••" V declared 21 dividend a the at rate cents share for 15, 1942, 1942, directors share per 150, Nov. 2 also the on declared 6% the usual cumulative holders of record Oct. to semi-annual preferred 1.—V. dividend stock, of $50, par per share Payment will be made per share. A similar 9d. of 30 cents value, par The payable similar distribution as payable Nov. made was Feb. on each holders to this on compared with 35 cents in 45 cents 2 issue on the of four of record May 30 Oct. 9. • 1, last, / j , , 28, G Mos. End. June 30-— 156, p. 699. "■Profit.—V. 1941 1942 , 156, y.,346. f • ' Pearson Co., The SEC company.for the right to withdraw its $1 par common stock from listing and 'registration on the Chicago Board of Trade be reopened Oct. 14 at the SEC branch in Chicago.-—V. .on 12 Mos. End. June 30— . "Net 154, p. 2284. 77 Pennroad Corp.—Argument Set for Oct. 1— , cluded ' Federal. Judge Welsh Philadelphia at has Oct. set for 1 argument paid point raised by counsel for Pennsylvania RR. on holders of Pennroad involved •transactions consummated This contention also of ,,, him in This ' ' ' . w!ho Pennroad the Pennsylvania had securities contention Pennroad, whether determining railroad of suits ■ . ,. • combatted was the told allegedly in directors by the ;.///.:7/;7 who of chance Wolf, Morris He asked .been additional for brought into Lor Oct. 1. coal time Gross ^Taxes ' for • "incl: not were not •, expended funded on expected to at or *nd Interest paid, ' •Sales (-i-//--;-.------- V. 156, p. ,1058. 726,871 696,683 $2,713,065 $2,315,685 1939 7 ■ , As dividend of $1 payable Oct. 15 to on were as 1941 share has been declared per holders of Jan. made was 15, April follows: record July 15, Jan. and 50 cents; the on Sept. 22/ 15 132,230 131,203 $1,763,175 607,531 541,214 .96,749 : 129,286 $1,645,990 676,000' : Feb. 15, during special a of 11,695 has April 15 and July 15, 75 cents each, and Oct. 15, $1.-—V. 156, p. 436. Light 93,605 252,816 246,549 241,120 Co.—Company Proposes to Dispose of Investment in the Mississippi Public Serv. Co. been the $623,513 $595,731 $607,616 the filed Pub.ic the with •entire of The the action Commission and Mississippi consists 5,000 voluntary entirely an not Public of Service shares Co.r for (no on Sept. and 24 instituted the by one "death sentence" for 1 company notes payable tin Pennsylvania the to Granting Annuities. • The application states for Co. < •s \ . Lives on .< J ,,:J steps to the end that "its 7 and conserve Ballantyne, of system conform may the to standards of Section 11(B) Vice-President company's turned over to system 11 7- necessary effectuate to the provisions of to production and electrical has and reorganization voluntary a to Such plan among other things will pro¬ vide for the sale of Mississippi stock or the distribution of such stock to Peoples' holders, and the proposed transaction is described as the initial step in carrying out such plan. Mississippi,—V. 156, Dec. out quantities include at July thus ; - • sales- Gross • -• $124,452 — ,Net profit before provision for Federal taxes— V. .7 ' hundreds test dian • and income 'Estimated : net *Eqttal to '$1.87 Note—The the the radio connections. As of dismantled feet., of ..-trans¬ industry, being used to result a satisfactory a solder the the die set, war of net a $6,385,134 ishare. on the 1,898,570 shares' of -capital stock/ profit the ; tax bill passed by for 1942 is ■ in radio heavy set parts cardboard all in Federal. means of providing for - income--and the basis, of the .increased rates as provided in 7/f7 V Pere Marquette Ry.—Earnings—^ v Period End. Aug.31— Total oper. levenuesi. / Maint. of Maint. of $3,926,884 Canadian coming cartons, into and the of expenses for Transp, . 746,513 —V. Net •/ car these 642,367 5,756,148 paid 4,873,331 556,747 •9,980,407 State $1,260,644 for the were 19,902 81,612 68,192 93,490 848,999 771,902 $6,900,050 17,404 _____ 100,821 r—— i" • Cr646 / $814,111 480,371 accruals— 2,812,725 first half $643,209 $514,815 $4,087,325 Equipment Jt. facil, inet)^. 8,603 Br47,801 Dr 16,629 of 1942; 21, 20, board.—V. 73,176 62,305 403,109 Net ry. oper. $578,636 •/ income• Dividend Other $404,709 $3,667,587 $4,210,513 2,564 1,719 30,470 38,481 394,965 in April 17 21, July and-Dec. 21, 20, $444,909 $4,093,023 $4,565,728 32,144 56,412 78,453 end more than the Total Miscel. Rent income deduc. from $613,788 Z - 6,368 inc. for leased roads & equipment Interest on Oil ! % 1941' 5,531 • 268,919 : ■'••A . •, • "v-5,489 269,010 45,323 ; 45.359 2,159,896 2,152,356 Oct. 2. Oct. 21 like A with and the on 15 i-< Net'- income-$332,970 156v p. • 7877 "7^7 offering twice the remained special offering Dec. amount -20, ' :$2,289,560 21, of 59,100 marketer ^located San Co.-^Accumulated Div.— dividend of $1.25 a A similar in the Patricio of account on payable Oct. distribution made was 15 to this on 7 ' 1942—7 Mos.—1941 - ■/ . $5,235,684 $50,766,160 $37,0.91,540 2,477,863 16,120,555 16,809,616 58,860; %2,055,150 / 375,804 ■ 2,477,611 2,186,955 $1,913,890 $390,106 330,408 182,874 231,074 152,416 / $99,334 $30,458 420,564 $579,156 $284,720 2,013,224 11,320,390 4,122 615 1,443,773 379,327 7,003,706 2,566,894 $41,237 $4,316,685 - — $10,741,234.^ $3,837,895 __._7.___ :-< « , —■ 2,102,373 • 1,369,450 1,523,218 . 1,084,730 $1,555,721 . have share Sept. and the common 19. 1, latter .regular stock, like A April on the on declared the on record July date quarterly 1, was Oct. 1 of extra an $5, par amount and 25 dividend puyable paid Dec. of Oct, April on 25 1 1 to and 20, and, was cents 1941, also paid. 152, p. 3357. Pulp Corp.—Protective Committee 1 protective / be meet be taken the is matter said _ either by the preferred steps were liquidation or any other method, shareholders, with the intimation taken forthwith the matter would the courts. that pending the requested company further some delay the in the outcome of certain negotiations involving the is proceeding with hydro-electric plans that contemplate the flooding of a part of the company's limits, and the Quebec Government, which has a claim of approximately $1,800,000 against x>n which the company.—V. Railway 149, p. 2379. -1 * • Light Securities Co.—Asset Value— The company . . member of such some brought to It forthwith, claims unless of to the a Paper & end $184.71 of reported and of Aug. 31 that the net assets as each for share $227.94 of preferred Aug. on 31, stock, 1941, and were against to equiva¬ $180.46 $10.98 for share, against $10.42 and $16.58, respectively.—V. 156, common the July at each p. 787. 71- prominent a of short shares out-of-town notice. offered trust received 1942 , sales Cost of Net Other for earnings from income Income imme¬ the rules of the New York Stock Exchange until 11:40 a.m. 1941 ($46,571,975 $29,414,414 (incl. depreciation)^—38,001,169 goods sold Selling, general and administrative expenses—- com- Subscriptions were (& Subs.)—Earnings— 6 Months Ended June 30— Net —----- (net)__^__..„__—_ 5,833,760 5,011,320 $2,737,047 sales ; charges 22,543,186 $1,859,908 157,176 196,830 187,72") i: 136,549 with fol'owed Shields shares crude Big and share per preference stock, was each ' closely <te Co. the after heavy the oversubscription close of the of oil. Lake-field, Calhoun Texas. / ' income income Preferred - before taxes — $2,697,393 income and profits taxes— 1,062,164 531,227 $1,635,230 $1,379,861 — $1,911,083 - 7 —------—n— dividends — 537,316 537,309 —— 1,399,103 1,399,106 $1.56 Common are 7 in ./( 1 Earnings per share on 702,000 common shares.- producer principal/producing interests Reagan County, West Texas, and in Net pre¬ Its Counties Net Federal and foreign of market 6% r $138,267 ? $1,831,392 Co., Inc.—Obituary— 949,773 1941, and " 1940. made on was open bv 1937, 1059, p. 1942—Month—1941 opers..,.. directors 1, that * from number offering made like A 20, 205,056 addition, to common cents Virginian Railway ($25 par) ferred stock, the largest, offering of this kind yet made. 7 Plymouth Oil Co. directly and through subsidiaries is a and —V. the common 30. Oct. . bought was the on Sept. since income—$569,451 767. p. per -should Co.—Special In accordance books This the 'Sept. — debt;—-—. ' record first committee lias been formed for the preferred shareconsisting of Rene Morin, Arthur Campbell and Gerald Ryan. that following the formation of the committee representa¬ tions were made by it to the company to the general effect that steps $0.55 Pittsburgh has been elected 7. '' 7' 7.:;:-; / /" 1058. p. 155, .holders $122,386 declared compared * * of Parker C. stock diately. declared of the for Preferred Stockholders— . as share.—V. per 336,555 Quebec the and ^provision ($719,000 in 1942) for fOn 220,000 shares of common stock. share has been per has Arrearages 13,881,269 last, the $0.82 July 21, last, on on 156, 'pany, 331,802 last, 156, prior 28. revenue of —V. cents. 23,414 32,588 income-.,-— income Sept, Quaker Oats Co. The $13.75 value, par 1940. opers.; July Offering—Shields & Co. Sept. 23 made a special offering of 15,000 shares of capital stock (par $5) at 12%, with a commission of 50 372,473 15, account on no distribution Pyle-National Co.—25-Cent Quarterly Dividend— The of $180,813 share cents 10 Aug. Plymouth Dr497,032 (net Dr) rents rents $5 accrued cents • this issue Sherman $5,030,017 Operating income —7' stock, It appears 1942 interest share per similar 19,371,610 net $759,519 on ' $1 A to holders 12, $7,968,536 revenue lent 2,477,343 cents 2,10j,800 Taxes ; , New Director— Cr2,030 299,296 the on expenses $7,557,360 i-A 10 165. computed at the rate of 40' /. 1-2J common depreciation, ApTil on amount 21: to May revenues 1942—6 Mos.—1941 taxes payable Oct, 21 to holders of record April 527,223 common with p. 3,063,824 Total 156, 8,855,039 /,> 1. including Jan. paid.—V. expenses —V. 156, $11,544 and and excess profits, taxes. on of preferred Oct. share has been per Oct. on also revenue Net being are goods."—V. war Sudsldiary, Greenville Steel Car Co.) .1 dividend stock, to opers.: car Total 155, p. 2285. A record malnt.-;L^v.- / 1,704,494 Auxiliary Pittsburgh Screw ■& Bolt Corp.—10-Cent Dividend— / 3,089,767 70,187 invest— //•/■. tax •3,597,994 1,125,297 $1,123,579 Railway 440,817 cents was Aluminum Co., ! - 67,017 • operations General / 1,299,877 L— •Miscell. ; 25 cars. other General Philco was increased to 7rate of 45% for June, and for the quarter included an adjustment covering for the preceding five months,*—V. 155, p. 2285. Quarter End. June 30— •After, ' the on compared as dividend a cumulative said were payable record Conducting 7/V"•. 1942—8 Mos.—1941 ' equipment— Traffic •Transportation ( 77 -"7- year, 30, 1940.—V, 156, (Revenues and expenses of car and auxiliary operations> Maint. /All acute an provision, (And Wholly-owned - •income $3,205,525, $27,721,956 $25,740,784 .'•571,672 &, St rue. way 1.942—Month—1941 -v./ $6 Total revenues ' /.// '7 Dec. Jan. on j. found are account •fEarnings per the House .ofRepresentatives.*—V; 156, p.7346. the Period Ended July 31— available to alleviate 1942—3 Mos.—-1941 $640,817 ;*Net profit after this of Pullman Co.—Earnings— engineering Pittsburgh Forgings Co.—Earnings— ,, "2,610,727 % 2,755,792 1 on quarter since and of cents Sleeping and ways were obtained Prior to June 1 Federal taxes The tax . Paper Co.—Dividends— a April 1 and July 1, last. per share were also made July disbursed was 25 having only 20'Jo requirements, based the of Government packed are Notes—(1) 7 $7,135,361 1— ——;-r- profits taxes on excess profits taxes excess profit 1941 on cents on accumulations A 1942 entire equipment. Subs.)—Earnings— . by the the • Total of additional 5% Junelo— for the to passed as rates 15, April 15 and July 15, last, and in each quarter during •1941. Arrearages, after the current.. payment.,..will amount to $27.50 -Jper-*shwre.->»-V;- 186,- p." '964. the number of die parts held in stock, and 175 valuable alloy steel were accumulated from old dies. large quantity of socket head screws, used for. mounting a profit .income Pepsi*Cola Cot 5 and 1942, $1, par holders * After depletion; depreciation, amortization/and U. S. and Canadian (2) 152, p*. 2248, of made a The directors have declared of ;1942 amoufnted7to $870,520 against $225,850 in the like period of 1941. J No provision was made for excess profits taxes. ' 5,101 ^v 6 Mos. End. : .; 7:7 ,Estw profit after chgs., but before U. S. & Cana-" 7 of 1, 30, 1S41, and dividend issue releasing reduced Period End. June 3Q-— . applicable 1942, average been regular 15, holders Pepsi-Cola Albany Bottling Co., Inc.—Earnings— Earning^ lor the Six! Months Ended "June 30, 4.94,'i rate of has to tons 138 'taxes. ? and 15 to holders of Operating •Net Act at drastically highly "Many i, ' p. 786. industry steel Pittsburgh Coal Co.—Earnings— Mississippi Public-Service Co. purchases natural gas from seven gas companies and sells the product in nine communities in & declared $1, t natural northeastern of factories 'provisions of Section 11 <B). The worked the ,carefally~preserved and used to ship out finished p, 1058. ' ' the period George B. McCallum, President, died Sept. 22 at Northampton, Mass. —V. 156, p. 1059. 'shortage. of plan with comply made Puget Sound Power & Light electrical developed ^segments of the die on Section $0.89 shares charge absolutely needed in current war production, In normal large number of dies to manufacture radio set parts is kept on service all outstanding Philco radio sets. By reviewing service a addition, 7- 7-1-':7( file With the Commission shortly under Section 11 (E) ;of the Act the made each when materials, facilities at Philco have been the. waif; essential material in an Philco reduce In have par April on amount cardboard cartons. requirements for the duration //V'- 7 Peoples' will / be may as (B). in scarce "Special efforts have been made to collect and turn (tons /■ 169,742 .■/7.7.7: y/y/ ;' preferred stock stock, possible carefully company's tin consumption, by 40,000 pounds a year. 1941 hand to of the Act, and the proposed sale by Peoples of its investments in Missis¬ sippi is part of a general program in line with its policy of endeavor¬ ing to effect-an orderly liquidation of such of the properties in its 1942 estimated Revenue was say: the regularly conveyors, permanent times holding the the Propper-McCallum Hosiery to on ' company all reuse materials not and > Pressed Steel Car Co., Inc.—25-Cent Dividend— 126 tons of skeleton steel from the press miscellaneous iron and steel, 210 tons of paper, duration "of cable, content, on •'"<!,«" taken has heretofore voluntary Peoples take to Insurances \ ■ that it -subsidiaries caused or the research, to "' to salvaged in substantial of television make against Power. " proposes John result is of heavy "Solder is , the as proceedings by a and tons tons mission apply the proceeds from the sale of the Mississippi stock to payment and retirement of a like amount of serial company effort further, goes as materials 330 six "All ail ; $1941 $151,557 $1.45 tOn taxes, for 55'%,- the on 964. p. stock, p. 2462. together with large quantities of other program shops, $420,000 being par) shares of Mississippi's stock.- outstanding is has Peoples Light & The the in investment issued The ; SEC, investment cash. in conforming with the "death sentence" provisions an application proposes to sell to Federal Water & Gas Corp; its Utility Holding Company Act, company in income provision provision accumulations as -of. brass, 45 tons of aluminum, / V 1942 L ti»r. based 1941 payable Oct. A """ of $730,754 nation's collected "Other As an iniital step in Federal The directors have declared of --be used iir the production of new steel, Power & of scrap, salvage Peoples $1 16 Portland Gas Light Co;—Accumulated Dividend— , 10,891 116,015 ■ Corp.—Salvages 120 Carloads of Steel Turnings part "This $2; 7 share__,._«^_„^^./._„/.' and 1942, 156, on each 676,000 60,864 218,451 259,110 • 7bf opeartions. 7 The. announcement distribution Payments 139,399 " $1,629,233 243,000 depree.) tor announced stock, common similar A last. 15, : $3,082,166 167,843 Co.—Earnings— '/! •//'-' • - common Distributions 120 carloads, or 4,800,000 pounds, of steel turnings have been salvaged in Philco's plants in the first six months of 1942, it was Peoples Gas Light & Cok'e Co^$l Dividend— A . 2, on ''1941 $1 40 approximately and stock materials, war > of the on /In Six Months— $20,239,476 $17,314,711 ■; Sept. dividend of 5 cents per share on the participating dividend of 25 cents per quarterly dividend of $1 per share on the 4% mon-cumulative preferred stock, par $100, all payable Oct. 1 to holders of record Sept, 25. Participating dividends of 50 cents each were paid 670,851 tax. Bal. avail for divs. —v; 156, p. 787. : charges and taxes____,„„ Federal The share $2,429,370 $1,870,827 other/deducts. A- Philco Period Ended Aug. 31— and 1942 ^Adjusted.' \ The directors been Peoples Drug Stores, Inc.—August Sales Up 17.2%— -1942—Month—1941 -VO 1942—8 Mos.—'1941 • 2 ex-dividend . 7 Port Huron Sulphite Co.--Earnings\ per year.--V. 7' 1940 charges -Retir. exps, . June stock $245,717 year House. 818,070 earnings. Amort. & argument Oct. 1 both sides will file briefs with the court decree by Judge Welsh will be entered laUr.:—V. 156, p. 699. -7 a ull charges rate entire debt, be $2,473,876 / 7 Sept, 19. Sept. 1,. last. 1604. Note—The in¬ 1941 95,605 the the on record and . and Following v > fLoss. $2,622,276 : made: profit •After Fed. tax) were ruled 1 share per of June on share capital stock. ■ 'Federal, income • Water cents holders to 612. p. Pond Creek Pocahontas tEarnings 1940' accounts Interest tax per paid 1939. ' Net his argument as he had just / the date was fixed, by the court ,! >v ; ' $42,016 were; loans 1942 -V" maint.)- lnot income • prepare and 1941 $2,784,502 revenues Oper.:, (incl. a to proceedings Suburban 12 Mos. End. Aug.-31—- were counsel of They payments Exchange 6 Mos. End. June 30— royalties, $15,440.—V. 156,/p. 517. Philadelphia Pennsylvania. new profit 155, common general way that Pennroad Corp. itself would strenuously insist upon the full award going to It with mo strings attached. He said the award will go into the treasury of Pennroad and be distributed by it according to its needs and policies. court net corporate 1 paid $7,759,519 income- alter p. $394,374; paid excessive prices in pur¬ for benefit of the period. Pennsylvania has 1934, 50 cents. Curb 156, each sales •Net $131,169; amortization of bond discount and expense, $79,410; deprecia¬ tion and depletion, $1,228,000; amortization of culm and slush banks, provision for doubtful accounts, $80,543,'and amortization were award the court may make - j accounting arriving at in the cash made was connected with chase Overficld-Weigle share in any to counsel, during a hearing assist ,to their owned in in in For $798,729, cents company dividends dividend of 50 a cents and Nov. 4, per $42,016 t$l,030,376 t$3,128,527 $2,968,116; by Robert T. McCracken, chief Pennsyl¬ last' month on report of the com¬ three financial experts which was appointed by Judge Welsh RR. mittee the in - , • vania who entitled were Pennroad, .to Corp. that only those stock¬ securities at time of the 1942 profit "After, taxes, depreciation, -depletion, interest, etq. Major charges aggregating $4,897,671 accrued in v The at 61 or ' < t the 1941. earnings. reported $628,176, Manufacturing Co.—Earnings— —V. ^Philadelphia & Reading Coal & Iron Co. (& Subs.) — Earnings— the application of substantial was stock as payable Oct, 30 1942.—V. Earnings *$23,154 ( T' Inc.—Delisting Hearing Reopened—— Sept. 22 ordeied that the hearing on on 23, ■Net taxes——$1,917 of well declared $10, par with York ; Pollak Net ''r , 'Net loss After all charges And period of net with 156, p. 1058. 16 Mos. End. June 30-^- Philadelphia Insulated Wire Co.—Earnings— 1941 were as follows: Jan. 15, 00 cents; June 5, 25 cents; Oct. 28, 30 cents, and Dec. 30, 50 cents. 1942, compared as the following New Sept. quarters and 1 , 1941 The A • 1925 have stock, cents each, common 1 and Aug. preceding 1, 1941.—V. 156, p. 612. cents on directors compares During : the on ' • since record 30, corresponding 1941.—V. common share has been declared per long a June share, per Pneumatic Scale Corp., Ltd.—50-Cent Common Div.— $1.50 156, p. 611. Philadelphia Electric Co.—30-Cent Dividend— A dividend stock/no Feb. the had ended cents dividends This , and 50 cents on s-:;-7. (//V////-/ i during Sept. 30, cents; —V. April 30,-1942, on : . Payments 50 cents 75 77 1940 and . June months to cash has company six equal . ; last, as compared with 50 31, Aug. on 75 of the a 1.7 A The (Inc.)—To of 3s. The « quarterly dividend of 10 cents payable Oct. 26 to holders of record stock, common fi'&P'-.v , Share—"• per payable Oct. 15 to stockholders of record Oct. 1. In Journal.'*)—V. ; Enterprises Consolidated •Pay Another Dividend of 75 Cents The V 17" declared Sept. -on the on like amount was disbursed on this issue on April 25 and July 25, last, as compared with 20 cents on Jan. 26, 1942. Payments during 1941 were as follows;/. Jan. 25, 15 cents; and April 25, July 25 and Oct..25, 10 cents each. . contracts would go to Paramount include Vivien Joan Fontaine, Ingrid Bergman, Dorothy McQuire, Jennefer Valerie Hobson, K. T. Stevens and Alan Marshal. The Para¬ corporation also will acquire the services of Alfred Hitchcock Leigh", directors share per Players -whose Jones, Philadelphia Co.;—10-Cent Common Dividend— A y Included $1,250,000. the • No4e—As and final —,—--—-—— dividends the tax new revenue law pending before Congress liability cannot be determined, provision $1.20 is unfinished has been made making the House Bill. provided in Canadian income 1 the Net ■% 311,165 -356,689 $6,119,694 341,758 296,449 $5,294,363 323,329 bef. income $6,951,308 $6,165,003 $5,431,486 $6,175,953 2,615,496 taxes inc. and profits 2,084,559 Net taxes—-- of begin, 1,289,975 year 1,012,930 $4,141,511 16,277,164 - $5,163,023 rhas been - in ,:y Assets— Cash (less reserves)—————_/ / 6,057,223 materials, prod, and suppl. 12,219,167 securities, direct, and guaranteed5,807,004 14,819,667 Municipal securities -——— —— — buildings, machinery and equipment—— rights, patents and goodwill Trade marks, trade 2,136,436 prospects for upon ;;; :^l-vvV '•",■-,»■•• - 259,198 , said, are in Liabilities— "',l' * v ■ subsidiaries, partially Due to U. S. «,3,240,570 17,298 to .owned—T ■' •' ./■ "it will be reorganization pro- 1940, and with reorganization >;,■■■ If1': subridiaries—//—l/j/'266,648 ,42/:-/^-U'—//:.y:; 270,000 550,000 2,250,000 advertising———-—1,600,000 991,698 1,109,679 Reserves for 18,000,000 15,210,000 / 13,713,168 15,210,000 other contingencies and Reserves for Reserves for non-consol. insurance European subsidiaries- cumulative preferred stock ($100 par)— stock (702,000 no par sharesC ;— 6% Common Surplus 18,000,000 14,282,705 (compare V. .154, p. July 20, last * ,/-'r . the , transaction/ said , the for of formation the of Service Public new a Water Louis Suburban St, > approval Missouri the volves Co, reorganization proposed be known at to company filed was The Commission -Sept/ 14. in¬ plan first the as . /Mott would contribute $8,050,000 to the St. Louis County Water Co. this would be used to retire the company's outstanding first mort- . . ' ^ $894,375. already owned by Mott as the company's only obligation. The Suburban Water Co. then would buy this stock from of capital stock to Mott and borrowing $8,500,000 from banks. Water Co. would take over the property and assets St. Louis County Water Co., giving in return 20,813 shares of common stock, which would be retired and canceled. The Suburban 000 Suburban The the its the Diocese of Altoona, Pa. Roman Catholic Bishop of : ; Mott. for $11,620,000 after the company had raised $11,"750,000 by selling $3,250,- ;C". 1219).—V. 156, p. 788. bonds, preferred stock and bank loans and still leave a balance This would leave the 22,000 shares of common stock gage v of 1,378,593 259,679 payable purch. contract pay. (ann. to 1948 incl.) Reserves for inventory shrinkage Patent in Application declared an extra dividend of 25 cents per share and the regular quarterly dividend of 25 cents per share on the common stock/ both payable Oct. 20 to holders of recox-d Oct, 10. Like amounts were disbursed on this issue on Jan. 20, April 20 and 610,199 270,000 650,000 2,250,000 2,050,000 European Dividends share has. been > declared oh. the r6r/o ,,$100, on account of accumulations, by Stil'el, Nicolaus & Co., St. Louis, statement issued with The directors on Sept. 21 3,816,995 V 5,829 , - par stronger financial position." a A Mott early reor¬ an • Rochester Button Co.—Extra Distribution— $1,528,109 ./$1,462,965 per stock, to and 11,086,767 '/"'; 'V . ——„ liabilities Accrued Due •" payable Accounts ' . representing this would be accomplished by replacing first mortgage bonds bearing .an average interest rate of 3.B5& with new bonds at 3.25% and replacing $6 a share" preferred stock with debentures bearing 4V2% interest. ! Also, the statement said, the present bank loan will be retired and the working capital increased. There will be no change irt "personnel and management and operation of the company will continue to be :,/■' in the hands of those now in charge," it, was stated. > ' •?», : ; / : 15,062,540 $58,682,026 $60,312,109 — , . (Mo.) "Star Times" Sept: 15 had the following: Purpose of the proposed financial reorganization of the St.' Louis County Water Co. by Charles S. Mott;:-Michigan capitalist, who owns all the common stock, is to "place the company owning the property of Total :. . ( Mills Co., Ltd.—;75-Cent Dividend cents 75 'j •:.-'/ The St. Louis the company, did not 'disclose recent earnings but said that on Aug. 29 assets'totaled $2,261,053. Current assets were listed, at $933,685, against current'liabili¬ ties-of $44,130. (Chicago "Tribune," Sept. 19.)—V. 144, p. 950. t . of 15 Oct. ization- Explained— company Carey, Jr., trustee in bankruptcy for P. James • 50,000 i 2,192,942 448,753 15,412,800 11,058,233 and investments Insurance and other prepaid expenses—— Other, receivables "Land, 7,048,010 based • ,i-v:;//' St. Louis County (Mo.) Water Co.—Proposed Reorgan¬ ^possible to save the property." Another hearing on ;ceedings is scheduled for Oct. 15.". -- 5,859,478 Inventories of grain, Government , a since September, provement $3,990,014 receivable Accounts : little more than a j'ear ago, the company petitioned for reorganization. At that time it was said the company had lost money l'o-r 10 years, but that there had been a steady im¬ liquidation Near 31, '41 Dec. June 30,'42 $5,485,904 _ be to appears ganization,. ' /•'. Balance Sheet Consolidated * in banks————— bonds the in been preferred 2,569,..,compared with were \ holders of record Sept. 30. A like amount was disbursed on Jan. 15, April 15 and July 15, 'last, as compared with 50 cents each quarter during 1941. A special nf $1:50 on adcourtt of accruals was also paid on Dec. 22, last.—-V. 156, p. 261. :' * payable to lend-lease and other Government agencies, resulting in earnings. Brokers said a large part of the current interest sold increased : $4.64 * hand and on ' dividend A 12, .1942, v. • Reorgani- year, the bonds closed on Sept, 18 at 77 bid. substantial, part; ot the company's products, .officials being ' $14,282,705 $15,034,111 $16,277,164 . / . $5.82 $4.28 $4.37 on 702,000 com. ■shares--;' L : , the A ' acquired on Oct, 6, 194i; from the National included in the figures for the four weeks stores 12, 1942.—V. 156, p. 789. cumulative which bankruptcy since April, 1941, have more than tripled in the first of this year. Quoted at 21. bid near the start since value of < 33,143 31,890 35,798 31,868 end of year! $13,713,168 share i .V ■ $0.87 , , 1103. this corporation, a Chicago pork processing Bonds of of Sept. 1941. 84 have Co. ended Sept. zation Scheduled for Oct.-15— •; •j. 16,578,394 the of Grocery . ,. per share—$0.79 per 112,500 shares of common stock.—V. 154, p. Roberts & Oake, Inc., Chicago- -Hearing On $4,335,812- $4,080,444 14,184,293, 15,034,111 Surplus res., net incr.— Surplus, 1 1941 $98,409 $88,369 taxes-—-;— "/ all charges and after income ♦On $18,520,105 $19,114,555 $20,418,675 $21,741,417 1,074,607 Preferred dividends—__ 1,074,628 1,074,621 1,074,606 3,497,765 Common dividends——/ 2,798,212 2,798,212 ' 3,497,765 .858,737. Past serv. ret. annuities 902,229 923,218 780,303 Earnings Sales as St. Lawrence Paper 6 Mos. End, June 30— . Net Total ■ an operation 2,952 on Sept. 13, organized and existing under office and does business- in New • $46,269,768.$39,058,.224 $414,464,862 $326,858,725 — In Stores corporation has Jersey, Sales the subject matter of the action, take jurisdiction in the action to • income Surplus, New a that the District contentions cn over Rieke Metal Products Corp.—Earnings— / ;■ '■// /// 1942 \ "Earnings Net Federal and foreign is defendant • and that this action concerns the validity of of the State of New Jersey.—V. 156, p. 260. laws 498,549 based refuse / 4 Weeks Ended 36 Weeks Ended Sept. 12, '42 Sept.13, '41 Sept. 12, '42 Sept. 13, '41 . 1 and other States, Jersey $6,090,686 / 583,816 186,206 $6,996,832 from sales earns, Other income „——_—// Income charges ——i—/; were should court of laws . — the the because dismissal for not have jurisdiction does that and Period— , • , Petitions Court '41 Dec. 31, '40 Dec. 31, '39 Net sales —$90,140,230 $72,982,069 $58,987,394 $59,901,170 Cost of goods sold (inch. ; • ' • depreciation) 72,156,479 56,698,496 44,450,060 43,582,299 Selling, general and ad¬ ministrative expenses10,986,919 10,164,479 9,242,972 10,228,18j June 30, '42 Dec. 31, Safeway Stores, Inc.—Sales Show Gain • , . settled. Consolidated Earnings Years Ended— directors from this action is plaintiff asks judgment enjoining officers and any distribution of its annual profits until The and surtax at the total rate of 45%, No Federal excess profits tax is payable. and profits taxes are provided for at rates applicable. tax income normal Federal for \>i* Monday, September 28, 1942 CHRONICLE THE COMMERCIAL & FINANCIAL 1156 Co. Water Wis., are offering at prices ranging from 100 and interest to 101.97 and interest $775,000 2%%, 3%, 3V4% direct dio¬ cesan obligation first collateral trust serial bonds. —Bonds Offered—B. C. Ziegler & Co., West Bend, and Co., then change its name to the St. Louis County Water would old the Water County Louis St. would Co. assume new a probably the Missouri Water Co., for the sole purpose of owning Lexington (Mo.) Water Co., which Mott purchased last week. name, the —V. 155, 1845. p. : , '-.//.. ... , /" .■ semi-annually May/1, 1943 to May 1, Savage Arms Corp.—Earnings— /■' .v., 1955. Bonds are in coupon form in denominations of $5,000, $1,000, \ J ** >'<,,* s •• —*3 Months, i 6 Months $500 and $100 registerable as to principal, interchangable. Principal Period Ended— ■'■'//.../ :/-/' Mar. 31, '42 June 30, '42 and interest payable M & N at the office of Marshall & Ilsley Bank, 4Net profit .1—— // $500,529 $875,607 Milwaukee, Wis!, trustee, or at option of holder, at offices or agencies Earns, per sh. on 670,860 sha. of capital stoefcLl /.;'* ;" $0,74 ° $1.30 of the obligor at Pittsburgh, Pa., or at Chicago, 111., or at West Bend, ; - -♦After charges and Federal taxes at-proposed rates.—V. 156, p, 438. Wis. The Peoples-Pittsburgh Trust Co., Pittsburgh;* Continental Illinois National Bank & Trust Co., Chicago, and First National Bank of West Bend/ West Bend, Wis., will be designated such paying agencies. Both /'.;r,';. Seaboard Finance Corp.—Earnings-r-. vv;//.* principal and interest will be payable in lawful money i.of the United .».•- ' Earnings for the Nine Months Ended. Jane* 30, 1942 '4 K States of America/; Joseph C. Moser, Milwaukee, Wis./ co-t'rus"tee. Net income after charges and" taxes—• •/ $187,221 ■S" All bonds maturing on and before May 1, 1946, bear interest to Earnings per share on 110,319 common shares—^ $1.05 maturity at per annum; all bonds maturing Nov. 1, 1946, to —V. 156, p. 1059.' " -'..o;''. '■-'.//'./-v ; and including May 1, 1951, bear interest to maturity at 3# per annum; and all bonds maturing on and after Nov. 1, 1951, bear in^,5 Sealed Power Corp., Muskegon, Mich.—Expansion— .terest to maturity *at 3V+'/w per annum. \ ' '* • /" •- *!';■■:;■,?+'s * The company, in .an official announcement, released -on Sept. 16, The bonds will be issued under an indenture dated as of July 1, said: h 1942, and executed by Most Rev. R. T. Guilfoyle, as Roman Catholic /. This corporation continues expansion with construction now under Bishop of *th# Diocese of Altoona, Pa., for himself and his successors way on a new $1,950,000 project under Government contract for the as Bishop and not individually, -to Marshall & Ilsley Bank, trustee, Dated July 1, 1942; due $31,000 « • , /—///_———L;——-L/J$58,682,026 $60,312,109 Total /- "After depreciation 1941.—V. of $15,587,957 in 1942 and $15,245,235 in reserve 155, p. 1684. ■ - * Reading Co.—Earnings— ' r ' • " 31— Period End. Aug. Total ry. oper. revenues Total ry. oper. expenses V Net ' $3,778*591 1,639,926 $2,794,188 $24,521,019 $17,498,343 $2,138,665 49,326 (net) ~7?r25,572 $1,632,693 $14,524,531 $11,286,250 31,407 1,260,679 / f 599,025 CV629 .Dr228,094 .Cr5.694 $2,063,767 $1,601,915 $13,035,758 $10,692,919 from ry, oper. rev. accruals tax Railway operating Ry. income (net Dr)__ rents Equip facil. Joint Net rents income, oper. ry. 1942—Month—1941 5 1942—8 Mos.—1941. $9,164,065 $7,204,783 $66,534,856 $51,100,132 5,385,474' 4,410,595 42,013,837 33,601,789 1,161,495 6,212,093 9,996,488 .... . ,t • and v-: New Chairman— //,: ^ rr :/.. 156, p. 869. - *; ' _ i _ ' ; • Reeee Button-Hole Machine v dividend A of cents 10 Co.—10-Cent Dividend— share has been per declared on the common payable 1 Oct, to '://// Jstock, accumulations of account dividend of' 50 cents per share on a the on $2 class preferred mumulative issuance by A • * The " -- the proceeds of the bonds will be disbursed upon net obligor after ♦Profit • Co.—Earnings— but // —V. before / taxes , $828,541 $479,178 $665,649 (& Subs.),^Earnings— v ://'V "/■'1942 V profit"--I——-.I---—$229,669 Earns, per share on 222,855 shares r 3 Months Ended June 30— stock--- and 1941 after to for excess Federal $0.77 profits tax. income and $1,000,000.—V, 155, p. 2286. $0.09 -. 1942 7 excess ,, in profits taxes // 1942 /; /' i income ; ; profits excess taxes depreciation, and interest, and estimated provision for profits taxes based on 1941 Revenue Act. excess for the - » • • /• profit of $820,918,/or profits taxes. excess cash of of $348,346, $853,974 on • $2.83 per common assets, ,-of $1,801-,751, and 30, 1941. Total were current obligated • $554,575.—V. 155, p. 2286. * .meat Dismissal of Action Motions U. S. based District cn against and board of directors Greensboro »N. C.\ Mary* B. Healty, * in • early summer, Charging Fraud In Stock Handling- jurisdictional grounds to dismiss action started in Court were tf. S. the and the company's officers filed Sept, 18 in- the office of the Clerk of company making the complaint filed directors of the engaged in illegal arrangement to enrich themselves at the the corporation, secretly and fraudulently causing the of discriminatory payments on the part of common stock of of Net of dismissal, filed separately by the company, officers and Wachovia Bank & Trust Co., are to be heard by Federal Judge Johnson ,J. Hayes on Oct. 9, . .. ' ?l / [ , directors, and , 31— *. income income from Net income Net transferred charges all after and / : - . except . . excess profits " V , per share— balance sheet —. of as May 31, 1942, 2039/ VJ ' $378,157 ,109,963 $274,792 $268,194 1,200,000 1,150.000 ' 1,200.000 $0.15 $0.14 $0.24 Federal has been income made for has been tax new tax law six for $0.22 excess / profit tax, but a which company, provided sufficient now months Coffey has E. Ray been elected to General Manager of plants. He will maintain his -v /- the office p. 1-317. •' ■ ., / all board Brooklyn the in . * X directors. of and He 6 Mos. End. June 30— before Profit ?Federal (N. Y.) plant.—V. 155. Jamaica ->■■* ; t'-. ' ' / / Net •profit : $219,284 "98,878 100,777 $72^95 $118,507 ♦$0.34 $0.56 profits taxes//—_ / 1941 - $171,173 excess : : 1942 - taxes— income and also Island Long ■/.Sheller Manufacturing Corp.—Earnings— ^__^/' . -;Earnings-per share^u«i__-,4i.— *On 213,839 shares.—"V, 156,. p. 701. • Shrcveport - Holders 1941 been $3,793,892 New 1942 * showed Laundries, 170,999 69,546 of $2.20 ( v "... i..; of first requested Orleans, Inc.—Deposit of Bonds /'/. to mortgage 6Va% promptly send La., trustee, their 15-year to bonds the sinking C the 6 V2 % bonds.—V. 129, p. bonds National have Bank in bonds tp deposited, inter¬ for new 1929. Signal Oil & Gas Co.—Earnings— 6 Mos. End. June 30— Net-Income after all Earnings- per . fund Hibernia for exchange of refinancing. As bonds are est on the new bonds for the first six months of 1942 will be paid and a certificate of deposit issued by the trustee pending the deposit of all -22,334 153,334 total .7'.... (La.) be issued under a plan - 1), $564,584 289,792 / and provision for Federal income taxes. provision consider , Boston) 1942—6 Mos.—1941 ; > $171,287$170,522' becomes $5,685,554, of which $1,040,630 was cash on hand and in / y4,153, of Sheffield Farms Co., Inc.—New Director— ./* current assets banks and $300,480 represented United States Treasury tax notes. Current lia¬ bilities .were $3,956,141, giving net working capital of $1,729,413.— The Corp. 1,150,000 Sought— ,1,810,008 485,408 483,966 72,596 $6.68 taxes- - Shares of capital stock outstanding——i,—— Earnings Sons 1942—3 Mos.-r~19.41 ; depreciation the 1941, prior to which quarterly 155, p, 2372. / / ! > to cover increased rates anticipated under being considered by Congress. ended June 30, 1941,. amounted to $10,208,694, compared with $9,251,046 for the like 1941- jreriod.—V/155, p. 2286. / operations after all chargesearned surplus ■ to per for Sales for prov, record made on . ——$9,258,853 — cents 25 holders of been 775,000 , —— — Schrafft & stk. outst. share.„ cap. officials /the 10,061,467 A—- 2287. F. W, profit" of Not'e—No Manufacturing Co.—Earnings— 6 Mos. End. May of corporation. Petitions p. Federal a company expense 131, Sales District Court. stockholder of the company, in alleges that In 1911 officers and a "Net reserve Reynolds Tobacco Co.—Replies to Suit—Asks V Russell before ♦After • This issue of bonds-—-———/— —V. (R. J.) (Including Earnings / • -• 4,137,618 property values of all parishes individually collateral mortgages and Diocesan assess- to 75,348 be of on' notes,—- stock since and including Oct. 1, $245,870 -.$1,600,240. properties individually , _ employ¬ //vv/ of dividend 1 178,986 "'- $1,163,540 436,700 -------•''-./--r-----'------— of Aggregate against the. respective of value quarterly a payable Oct. $350,253 ' . mortgaged- / liabilities $740,245 " ———C-—Av—Li A——.. Aggregate • ■ Inventories' ' • * ■ t the 31, Ipl'J at this rate have taxes—^ \'> 1941, company reported a share,, before provision for •. current June " pledged^--.—— amount of Diocesan assessment notes pledged— Aggregate Note—For the nine months ended June.30, v' v..v.' '/f-- ,v v/'■ \ Current assets as of June 30, .1942, including $212,023 cash, amounted to $1,588,957 and current liabilities were $532,532. This compares with ■ bonds: declared stock, Period Ehcl. June 30— Profit as Aggregate amount of collateral mortgages ■ • Federal Income taxes— aggregate principal amount of Diocesan assessment individual obligations of 102 parishes of the Diocese of in the aggregate a valuation of $10,061,468. The Diocesan assessment notes are not secured by mortgage. .: " The following is a summary of the collateral pledged as security Federal 17 Sept. on Quarterly distributions • representing Altoona, expansion/in require (F. G.) Shattuck Co. (& Subs.)—Earnings— notes, being the ;v: 51,310 -4 ftNet ♦After . and profit$115,014 Earnings per share on 290,000 shares of capital stock——Vj-' - > • $0.39 . or $436,700 ••:r' (b) $166,324 taxes,j.—: substantial lor payment of 35 cents each were made.—V. such Bishop and for his suc¬ cessors (and not individually), Further, in the opinion of counsel, the bonds will be secured by an assignment to and pledge with the trustees of collateral security as follows ://* ?".//'■ ;/ A-'-' ,1 (a) $1,163,540 principal amount of valid, direct individual first mort¬ gages on 21 parishes and. institutions of the Diocese of Altoona, which parishes, and institutions, in the opinion of the obligor, represent an aggregate valuation of $4,137,618. '■ :/ . ; for himself Altoona, of Diocese provides 2,000 people. the common on 19. common • ShS.; * the Earnings for the Nine Months Ended Jane 30, 1942 before Profit . Sept. held mis¬ Security—The bonds when issued, in the opinion of counsel, will the direct obligations- of R. T. Guilfoyle as Roman Catholic Bishop ■ additional directors share per , the diocese. institutions of and sions $39,087 Reynolds. Spring Co.—Earnings— y .Federal .income The the order of and gations sometimes known as intra-diocesan obligations which are within the diocese by the obligor or by certain of the parishes, ■ /"r>V 1940 interest, Federal income taxes, etc.; and in provision for Note—Provision •amounted 1941 $191,422 $0.95 , ♦After depreciation, • $787,907 Navy Seven-Up Bottling Co., St. Louis, Mo.—Dividend—; / ' "Net common all of t the parishes, from time to time for the payment mortgages and encumbrances • outstanding on trustee the from Earnings for the 15 Months Ended March ". i against the properties of the obligor and all parishes, missions and in¬ stitutions of the Diocese, excepting only permitted liens as defined in the indenture, and one parish mortgage of $25,000; and toward the payment and retirement of substantially all unsecured obligations of the obligor and all parishes, missions and institutions of the Diocese of Altoona other than current operating accounts and other than obli¬ 1942—6 Mos.—1941 965, Reliance Mfg. Co. of Illinois v /y-://''/''' ,v >-// charges;Fed. 156, p. ■ 1942—3 Mos.—1941 Period End. June 30— . the by is .Net profit after taxes, depreciation and other deductions-^ $6,228 Note—The above net profit compares with a net loss of $168,277 for the year ended Dec. 31, 1940.—V. 151, p. 1735. " outstanding. issue is closed at the principal amount of $200,000. The unsecured note ancf plant facili¬ a Segal Lock & Hardware Co., Inc. (& Subs.)-^-Earns.— ; the obligor retirement Reed Roller Bit - ment of an and sale of the bonds now offered, and the of approximately $175,000 of .unsecured notes the contract piston and cylinder sleeve ■ production. ;/■■■; • When completed, these increased facilities will current accounts exchange for certain obligations of the obligor and of missions and institutions of the Diocese which are now was 1, 1942, totaled $2 par share.—V. 155, p. 2462. at Aug. ties recently made available through ■ effect organization and economies in in value, payable Nov. 2 to holders of record Oct. 21. A paid on Feb. 1, May 1 and Aug. 1, last. Arrearages par no ..like amount as have declared directors ' through issuance // The Additional equipment and excepting obligations held by the obligor or by constituent parishes of the Diocese. The consolidation of indebtedness is being accomplished Reed Co.—Accumulated Dividend— .. recently completed was in production on aircraft rings. now . determined to consolidate substantially of Altoona, Pa., and -all constituent missions and institutions thereof, excepting parishes, ;■/ />// 2286. p. (C. A.) • Dioeese of-the indebtedness ail was $■: V. 155* order to Issue—In of Purpose the debt service, the obligor has holders of record Sept. 21. A like amount paid on April 1 and July 1, last, and on April 1, July l^and Oct. 1, 11941, while on Dec. 26, 1941, a payment of 60 cents was made.— stock, production of aviation piston rings; A large addition to the present plant Moser, co-trustee. Joseph C. and upon not less than 30 days' notice, any and all of the bonds, the maturities of which may be designated by the obligor, may be redeemed on any interest date by payment of principal, accrued interest and a premium on the principal as follows: l',o if redemption be effected on or prior to May 1, 1945; if redemption be effected after May 1, 1945, and on or prior to May 1* 1947; if redemption be effected after May 1, 1947, no premium. President of the Baltimore & Ohio RR. 'v. . Redemption—At option of obligor, President of the Baltimare & Ohio RR„ has been elected Chairman of the board and a director to fill a vacancy caused by the R. B. White, death of Daniel Willard, former , % ♦On 179,381 charges and ' 1942 shares.—y^. 155, p. 2189. -- ■ 1941 $479,314 taxes___„^_-__ share— $573,888 $8.20 ♦$2.67. .* . . | ' • Volume 156 Number 4111 THE COMMERCIAL & Simpson's, Ltd.—rAccumulated Dividend— i The directors account par $100, have declared .accumulations of payable Nov. 2 to dividend a the on 6% %■ holders of of $1.62% cumulative record $6,763,400 Oct. share per preferred 17. like A on Canadian Earnings ♦On after all Currency) stock and of •„ m-v $209,922 —%-™VVv: 4,750,000 shares.—V. 155, the class B (a) 'V. of 7% the outstanding $40,000 -first mortgage 6% bonds dated 1933, and maturing Jan. 2, 1937 to 1948, have been called for redemption as of Jan. 2, 1943, at 101 and interest. Payment will he made at the principal offices, or agencies of La Banque Canadienne Nationale.tin Edmonton,. Canada (through The Bank of Nova Scotia in said city), and in .Toronto, Montreal and Quebec, Canada. ; ,:y. stock V$ shares of The The directors share in the date. same issue oh this Dec. $50, par An 17, both payable extra of 25 Sept. 15 cents per share was last year.—V, 143," p.; 4015." holders to be the the B by E. S. Griswold scrip John and Sloane, in been elected ' President, certificates In foi> such announced, was and member-of has the Mr. .Griswold Vice-President as joined and the board.—V, 110, If : ; the of the and be new class of the B shares of but rights the the new stock together amounting to $364,807 holders as share of with of Dec. 31, as the earned surplus of 6Mos.End June30— Earnings' .per ;i 16On -v.,* 1942 -y . and taxes-. 75,633 . $346,399 *$1.32 shares.~-V. common 1941 v $210,169 share—_~u__ Est. $3.12 ' 0y 156, p. 438. y and , : ■, . ViH%i942 ».'■ $ 1 '■■■■' \ ■. ♦Net profit after Federal income taxes Vv% : 1941 for '' $ . of charges to . $0.41 * follows: tax rate J As finally adjusted. against 1942 " y y'V1,../v ' 1 -■ New Vice-President— (2) earnings. v1" , ' Walter Eastern L. Faust sales has been elected Vice-President: a He had been in charge of Socony-Vacuum operations in Eastern part of the United States.—V. 156, p. 518. manager Profit — income and excess and the reclassified, (in order "f. tion, (b) $3,922,380 charges but before Federal taxesL%yi—9;.541,404 after Provision for Federal — profits taxes share per 156y p. 317,851 on shares— common 167. I and A dividend of 10 cents, per share has been declared * •" 43,870 section this. the on ♦ Net' profit Earnings ♦After charges ! Federal for Federal The the taxes has been 1941.—V. in Six months income after charges Earnings The net all Federal taxes computed of Ended June in profit 1942 at 65% ■ ' for charges the Ry. the r , recommended: for-the $92,686 for the month. neW tax bill, -the profit , ^ totaled 16,374 v of tons pulp for June,, 1941. in June . , , „ compared «.»..* , ,.v Production, aggregated 6,408 tons against 15,962 and 15,556 tons in June last year, ■' vr with * , • . 15,624 per 1942 :_J based were on the V $1.14 ^ the V$2.14 made was 1942, a dend of 1 holders to this on issue on payment .of $1.50 40 amounted cents to of April $19.67% per 1 Sept. and account of 17. July A was paid. 1, last, share.—-V. -Arrearages : 156, p. of Jan. on 2, 1941. a of rents, 2, Jet after income charges 1942—3 Mos.—1941 of 1942—6 Mos.—1941% all $86,087 $373,665 $251,656 *$0.74 $0.24 *$1.68 $0.95 shares.—V 155, company on Sept, 21 filed with the tion to reclassify its outstanding capital. follows: ■' SEC an amended applica¬ Southern Colorado Power Co. The proposals are summarized proposes to consummate plan, as gmended^ for its reorganization and recapitalization pursuant to section 11 (e) of said provisions-of proposal (1) the are Act for section as Coincident plan, proposes as the the 11 purpose (b) (2) of of enabling it said Act.. to The a comply or substantially coincident, with the amended, March 28 26, 60 cents. - —V. earnings 745,072 235,302 29,615,733 29,186,100 4,743,379 debt 5,101,309 9,497,918 10,284,630 915,833 % 690,924 1,831,368 1,346,774 487,500 1,012,500 487,500 173,905 103,558 397,071 109,590 265,544 269,839 523,830 528,151 disct. net____ of debt by net Cr_-, for reserve oblig,— guar, amort. ;& • misc. 487,593 ;, 415,728 948,080 872,121 8,341,453 9,143,664 Divs. on capital stocks' *"" " held by public—„4,149,458 Minority interest in un•: 16,199,108 15,776,514 1 ■■ . % ; 4,216,694 distributed net inc.— 356,590 Undistributed net inc.™ Balance of income > , - „ 244,492 from 322,831 .• 7,339,736 6,904,827 of subs, companies— inc. of Stand¬ 4,604,247 *> > 3,880,267 & Elec;: affiliates. 105,460 404,949 210,921 932,804 201,631 402,051 402,051 4,486,847 7,952,708 8,239,687 162,500 from income 200,723 4,910,430 Dividends Other ' ' , 46,097 . Other ard Gas .- ■ 8,548,856 , 508,457 '- 33,369 - ' • 8,304,818 1 - 364,315 others. — 5 . Expenses and taxes of ;j|: Stand. Gas & Elec.: Corp., fiscal and -admin.; 1 expenses 179,922 348,884 51,588 82,596 139,063 136,439 75,678 72,908 153,555 150,816 4,620,664 4,151,421 7,311,206 7,588,117 1,880,835 1,946,033 3,781,910 4,061,750 Legal service ;j (other than inc.) Net income Income chgs. of Interest 27,410,666 284,291,856 187,627,334 2,804,390 25,925,014 17,687,571 8,871,479 882,006 505,270 5,455,583 7,447,141 Amort, r: %y co.: 5,798,579 983,762 737,789 ; debt discount expenses' 41,926 int.. on Other interest Consol. Cr4,201 r 2,248,334 1,578,649 1,422,010 10,016,560 111,992,859 104,865, - 62,140,411 13,328,045 45,019,938 11,664,751 % 9,153,943 ,696,800 466,902 62,085 8,824,561 a $100, par at payable the* rate of 5% Nov; per to 2 annum net income—_ 'Revised 2,671,256 for . * Week Ended Sept. 14 1941 - —Jan. 1 to Sept. 14— : 1942 after 1942—3 Mos.—1941 1942—6 Mos.—1941; $94,597 $233,398 on said profit, profits sion is due to 849,928 851,928 849,928 851,928 $0.14 $0.11 $0.27 $0.19 Note—No provision has been made for Federal income taxes for year ended June 30, 1942, been made in accordance with the Revenue Act of subsidiary companies for the 6 months' period have 1941. In the this those the form Act, be can which in imposed by reliable no made; such Act. estimates however, if Pending of substantially enactment tax liabilities 1943 tax the the bill is of for enacted in it was passed recently by the House of Representa¬ by the subsidiary companies for Federal profits taxes for the 6 months ended June 30, 1942, the provisions required income and would r; than Revenue period tives, instances such provisions have been made at some rates 1942 be excess increased be the by approximately $895,000 and consolidated net and 12 months' periods ended June 30, 1942, by approximately $627,000 in each period, 6 months' reduced : ; Earnings of Company Only , Period Ended June 30— ; 1942—6 " Mos.—1941 1942—12 Mos.—1941 Divs, from affiliates-™ $2,198,429 $2,463,996 $4,943,091 $5,327,468 from others-™-™ 200,723 201,631 402,051 402,051 65,313 65,313 130,625 130,625 Int. funded on debt of , affiliate ™—_™—_: Miscellaneous interest™ ;™_,_™ . —' 5 $2,464,465 expenses $2,730,940 $5,475,767 $5,860,149 162,500 179,922 348,884 364,315 : Legal service 51,588 82,596 139,063 136,439 75,678 72,908 153,555 150,816 $2,174,699 $2,395,514 $4,834,265 $5,208,579 1,880,835 1,946,033 3,781,910 4,061,750 41,926 43,046 84,335 89,750 27,328 48,849; 52,538 (other than inc.), .. Gross income ;™_™;V Interest Amort, on of ■ funded debt debt discount the and taxes . V V':/.'. .... 1942 has also aggregating prospective $4,685,200 provided $685,000. increase in the for $4,694,168 305,845 taxes additional This additional income tax and of income provi-* excess assumed int._ 26,166 Other interest^™-™-™ 481 Net instalment sales in the for years income tax of collection. income Note—No 1940 as ment on 481 the of ——$225,291 145 $918,690 $379,107 $1,004,396 provision has been made for Federal income taxes for company open , claimed a deduction indebtedness account due for from loss arising from Mountain year settle¬ States Power Co., pursuant to amended plan of reorganization of that company con¬ summated in 1940, which loss exceeds the company's taxable income for ... on —. 1941 . profits expense Taxes • reported, gross tax earn¬ .. generally, .; These will be applicable not only to the company's profits on current sales but also on its unrealized profits on sales made prior to 1942, inasmuch as .Spear & Co. since 1918 has purposes, those . ™™-™„_™™„_™,™™™—„ excess of earnings $158,775 Profit before prov. for inc. & exc. prof, taxes™ 90,294 t Note—In. 1942 the company provided for normal income and retroactive and Taxes $119,672 • Months Ended June 30— $44,000 to release stock com. , effect Corp., fiscal and admin. Co.—Earnings— all taxes.™™ 155, p. 2372. sales >3,383,934 approximately $241,000 for the 6 months ended June 30, $483,000 for the 12 months ended June 30, 1941, of undis¬ of Philadelphia Co., which amounts are required to be retained in surplus by that company pursuant to order of the SEC. % 1941 3,737,786 181,206,994 124,469,259 Spear & Co.—Earnings— ■ 145 3,395,631 : outstanding —i™ per share—™ ' Net 481 Divs. 789.. Earnings 6 89,750 52,538 ; 48,849 t2,135,014 comparative purposes-to give Total —V. 84,335 : (Includes 1941, tributed would 156, Period End. June 30—; of 27,328 481 other adjustments recorded subsequent to ings in 1941./.j:;-.;1'.■: ' higher Preferred Stock on dividend of $1.25 per share on stock, Dividends 156, p. 1060. Shares 26,166 and 6,284,131. of $2 per share has been declared on the O. stock trust certificates, payable Oct. 1 to holders A like amount was paid on April 1, last. —V. Southland Royalty income 43,046 V;: ;v. assumed - 18,391,256 '7,883,181 preferred debt • 2,300 15. funded on of and Taxes 3,245,371 , 5,684,413 profits tax rates. of 33,910 15,203,195 Balance 1942—8 Mos.—1941 4,100,989 64,663,111 . the consummation on Taxes 4,395,897 '85,836,083 : : the , 29,421,402 deductions dividend Sept. 15. with but not necessarily as a part thereof, Colorado retirement and - redemption of its presently outstanding Dec. Stock Trust Certificates— on elements, of follows: 30,360,805 subsidiaries-to Sundry and as ! follows: as 1418. p. Southern Colorado Power Co.—Files Amended Plan—' The were 11,835,412 Oct. semi-annual record Gross % $170,658 166,650 1941 75 cents, and 504,455 Sept. 22 declared on record charges & taxes.™. ♦On pay. on paid on this issue from 1923 to and including Oct. 15, 1931; none Dividend Net Sarnings per com. shr._ and share per 29,995,505 '■%*.1942 ? Period Ended June 30 cents 43,239,280 income. oper. Period— last, Inc.—Earnings 1,031,292 15,237,105 Total * 3,968,423 net, Dr_„. p." 1060, 966,..870, 86. % Southern Advance Bag & Paper Co., certain Approp. divi¬ July 2,448,398 15,840,100 457,993 expense Other interest, pro¬ 558,456 Southern Ry.-M. cumu¬ distribution while as $5 accumulations, : similar made,\ In each quarter of was share per record the and income for >r^^;y>1'iJyy payable Oct. and since.. A on v. 5,934,261 5%: non-cumulative were Southeastern Investment Trust, Inc., Lexington, Ky.— Accumulated Dividend— declared / • amended, as 4v't ^ 3,419,920 tl. ry. oper._ The directors -1941 y 50 of ..Southern Ry.—Resumes Dividend ( A dividend of 40 cents per share has been lative first preferred stock, no par value, on plan, 54,611,370 39,191,521 V'**Before provision for interest charges on outstanding debt, or other non-operating income items.—V. 156, p. 789.' ' s pending bill.—V. 155, p. 2372. . dividend 42,005,073 struct. expenses-_;-ri rev. holders - debt amort, disct. to, 1942—Month—1941 ; equipment "Net ry, '■ taxes,yi-'iLy.iwyiiyu^y>y$630;310^ $1,119,640 shares— common Note—Taxes in of expense,: Special be Co.—Earnings of Transport. System Ry, tax accruals-1 month t 1942• Earnings to in u, the previous way & ' Net income after Federal Pacific General expenses -I™--- Equip, Ended-July 31 * and , sim¬ or Electric Co.—Pays 50- %V%v: to . . ^ ( Six Months a each, Sept. 26, Joint facil rents, net, Dr earnings for the first six months of 1942, after depletion and : provision for Federal taxes under the >1941 Revenue Act amount to $857,286. ; : ' :> ■;% v>::y I iy yU-' ^ May and-16,177 cents expenses Misecll. : proposed , & Transp. for investment- Net .ySales of Net be cut would v , Power Payments during revenues-- of Revenue Act. Figured on* the 823,495 15,382,107 funded on Amortiz. (b) $25, to holders of record Sept. 17. This com¬ paid on June 26, last, and 50 cents on March 27 Transport, expenses $976,473 Act; 7,241,344 1,459,593 v.-: y-. income Interest Co. 11 is carry out the terms Submission of the plan, as , ^y%.':$l;.87 Revenue 27, SO oper. Traffic of June, 1942, amounted to $145,186 depreciation, depletion and provision for 1941 which and 155, p. .56, Maint. 3tt ' 'y '• :■*,;?: 1942I94iy>. the proposed enforce ^ month including taxes 'under June 8,135,739 9,459,264 : income oper. Gross par cents 8,614,769 4(076,179 ' ' $546,269 on above obligate itself Sept; 25 paid on 4,237,531 • Period Ended Aug. 31— of ■ ILLl;L—$0.99 based were integration stock 4,831,126 . taxes Other income, net Dr request this Com¬ District Court pursuant to sections 11 (e) to Act stock, 60 Southern ! and taxes— share_-i__ per- common Note—Taxes ••( shares , y:%%%%''■: ''V;;;?y%v'.V-y after 796,378 155, p. 2287." Co.—Earnings— %;yy:y'!;v:yi:'V:y;' Earnings, Net with - v Electric section Net >. Holding Company Sys¬ the the approve not ^ $0.24 ? y (Including wholly owned subsidiary, Lyman Timber Co.) . company common —V. %i $189,748 $0.16 On & the Internal Revenue Code). does U. S. a said the current year. and 1941 ' $128,951 - of should Cent Dividend— Maint. Sound view Pulp , 1942 ' compared with 35%: as taxes.*: income ' Note—Reserve income and stock. common * -.™_;.™u..™* of of 5,764,505 11,154,946 inc. profits taxes ..A-—— Divs. pares 1 share™." common (f) but apply to order 5,878,560 12,446,388 5,352,855 than Prov. -for Federal excess distributed under the plan, as amended loss may be recognized in such reclassifica¬ distribution of stock as provided in section 371 Southern Berkshire of L™„ per to the Co. 2,777,185 5,796,562 or Commission (f) 18 in Electric & $ 2,903,603 60,000 p. 1060. common jcl ' 371 Gas (other $ 6,257,065 *3,101,942 and/r gain no appropriate to the ——— and excess profits).,— ' . Sonotone Corp, <& Subs.)'1 31,041,399 the plan, as amended. amended, to the company's security holders for their approval or rejection is not contemplated. V-. ^ i Robert P. Reeder, an officer of the Commissiori is designated to preside at the postponed hearing on Oct. 16.—V. 156, Stock, par $5, payable Oct, 1 to holders of record Sept. 21, This com¬ pares with 25 cents paid on July 1, last, and 10 cents on March 31^ 1942. Payments during 1941 were as follows: March 31, 25 cents; July 1, 25 cents regular and 25 cents extra y Oct. 1, 25 cents regular and 25 cents extra, and. Dec. 20, 50 cents.—V. 156, p, 438% V.V.-V-; 6 Mos. End. June 30— and visions of yv Sonoco Products Co.—10-Cent Dividend— itemization applicant may, and $0.48 ™_. 34,431,339 $3,594,887 necessary exchanged that mission Earnings is exchange and/or If the 378,983 $162,421 —V. 93,790,627 16,109,690 —— income surplus plification of the Standard Co.—Earnings— Earnings for the Quarter Ended July 31, 1942 sales Net 103,639,523 17,482,612 Act stock common the tem Solar Aircraft said of 1942—12 Mos.—*1941 $ Taxes by simplifying the applicant's corporate structure and effecting a fair and equitable distribution of voting power among the holders of its securities. The application requests (1) an order approv¬ ing the plan, as Amended, and (2) a recital in the order approving the plan, as amended, that the contemplated distribution of the new income 45% a Subs.)—Earnings— 49,057,747 33,817 poscj of-enabling the applicant and the Standard Gas Holding Company System to meet the requirements of for (& $ :'i 169,085 tAfter allowance - Co. 1942—6 Mos.—'*1941 Maint. and repairs Appro p. for ret., deprec. and deplet. reserves $186,172 Including full equity in the six months' estimated earnings of the Standard-Vacuum Oil Co., in which Socony-Vacuum has a 50% interest, » Gas & Electric Prov. for Fed. and State ™-. 1060. Operation Colorado '-v. adjustment of property p. 53,626.954 bonds new yy-'-y-'■ y;: . Period End. June 30— presently and Issuance and sale of the 45 Subsidiary companies: Operating revenues™™ bonds, if any/will be 1''V; V.',\ plan was filed for the pur- 113,000,000 $0.43 redemption stocks, to 154, p. 250. ■>y/street y *The premium on the sale of the proposed new credited to reserve for adjustment of property:-1;,; The application states that the amended : i - (est.)— (13,500,000 Earnings-per Total y f with notes Socony-rVacuum Oil Co., Inc. (& Subs.)— Earnings— 6 Mos. End. June 30— > connection outstanding bonds Reserve . in expenses preferred stock.—V. (Exclusive of Pittsburgh Rvs„; subsidiaries of Pittsburgh Rys. and other railway subsidiaries of Philadelphia Co.) become as second common a Standard cer¬ holders of Colorado until 1941, will be employed and 1942, 1001. p. for. scrip will first as of April 30, 1942, was $10.08 a share, against share at Oct. 31, 1941. Total assets were $2,070,196 at April Net unrealized loss on investments was $37,677. In March the company acquired 85% ownership of the iron and brass foundry of Albert Russell & Sons at Newburyport, Mass,—V. 153, 30, class stock such $5.50 on 225,000 shares of on The net asset value $10.03 the common and expense on 1st mtge. bonds Redemption premium on 1st mtge. bonds, 2% % J—.yy" Duplicate interest on 1st mtge. bonds for one month Est. expenses in connection with consummation of plan Sloane-Rlabon Corp.—Earnings— Net profit after all charges stock to the common so exchanged, all scrip certificates from the date of their issuance. common share a Utilities, Inc.—V. 156, representing such fractional accompanied by other scrip certificates Unamortized debt discount » B preferred hew .. thus common the holders of to shares taxes of $450,000 may be pay¬ period, after said provisions, resulted charged to surplus account. Standard Equities Corp.—Asset Value— will1 be-distributed 1.10% profits the Transfer Agent Appointed— - cumulative years Federal""* The Continental Bank & Trust Co. has been appoined New York transfer agent for the preferred and common stock of the Southwestern Public Service Co. and agent for the exchange into the common stock of that company of the presently outstanding stocks of Community Power & Light Co. and of General Public issued shares, no the 7% the directors on Sept. 17 declared an Initial quarterly dividend of per share on the new 6%% cumulative preferred stock, par $100, payable Nov. 1 to holders of record Oct. 20.■"% : com¬ will y•'% of old stock fractional will full 94.03% A of stock common stock. in provisions, $1.62% thus receive share books Southwestern Public Service Co.—Initial Dividend— > class stock Will each B of its aforesaid The cumulative not years the and 1 share for class of ' each excess The results for the deficit of $638,706 which was cents "(4)The (capital surplus of $3,230,000 resulting from the reclassifica¬ of the 7% cumulative preferred stock,, class A common stock and : class 1857. p. two from in reported from June 30, 1941, company reported net profit $205,845 after charges and Federal income taxes, equal, after divi¬ presently out-, stock and that For the six months ended of tion Treasurer.: since 1921, has been elected Treasurer company the board. served in the common share of 7% common common stock lieu certificates exchanged. so void it for A common exchangable, when representing one or more full York—Changes In Personnel—» Chairman, of 1937 Tinsley, with the a has of shares and also paid on . organization G. R. Jr. class holders new common stock. common stock, of resulting of A stock. stock new tificates will be entitled to j <W. & J.) Sloane, New :CW. class for each common distribution the to income 1943. were made. estimates dend : requirements and unpaid dividends thereon. preferred stock will thus receive a total new holders proposed allotted 4.87%(of State a common 452,160 shares y;1 y, stock common shares of the holders of class A . declared an extra dividend of 25 cents per the usual quarterly dividend of 25 cents per share stock, common record will recently addition to the 011 the The and in profits gross were company able in accumulated holders of stock. common receive 5,000 Under the stock:. */, - stock, follows: common new the holders to , , . of amount Colorado, the into such sales The of stock, common preferred all whereas wherein $4,521,600, or a new capital stock sufficient to authorized new 22,000 shares of the new common stock. (c) 1/15 share of new common stock 2, Sloan & Zook Co.—Extra Distribution—■ and total a 1157 plan. the cumulative share stock. with of as new incorporation of preferred stock, class A or distributed stock common 425,160 be $10), the cumulative holders of mon of formed will of stock will be reclassified (par shares 10 shares of (b) y be articles cumulative common 452,160 preferred The 7% stock will the to requirements of The standing $0.04 •'V-.4'1 2286, p. *'$0.04 —Bonds Called for Redemption— All class B common reclassification 1941 $179,973 —i;.™':" meet (The) Sisters of St. Joseph, Edmonton, Alberta, Canada Jan. new (3) 1942 charges and taxes share—;. per amendment presently outstanding " ' 6 Mos. End. June 30— income By corporation in • Net (2) •,V':vv Ltd.—Earnings— (Stated . together with treasury cash in the estimated approximately $100,000, for that purpose. of been paid on this issue each quarter since and including ^May I, 1940, while on Feb. 1, 1940, a payment of $2.62% per share was made,1.. Arrearages as of Aug. 2, last., amounted to $22.62% per share.-^-V. 156,1 p. 701.: ;•• * • . first proceeds thereof, amount has Siscoe Gold Mines, CHRONICLE mortgage 6% gold bonds due July 1, 1947, by the issuance and sale of $5,500,000 of first mortgage 3 % %, 30-year bonds and $1,200,000 of 10-year 3% serial notes and the employment of the stock, ' FINANCIAL that taxes for the Neither year. the year has 1941 or provision been made cation in claimed April, 1941, of for Federal for the 6 months ended June 30, deduction for loss on its Rock Oil Corp. and Deep Rock Oil & Refining Co. company the proceedings for investments as a income 1942, in as Deep result of adjudi¬ reorganization of Deep ■ the ' ; Weekly Electric Output— Electric of the public utility operating companies in the Electric Co. system for the week ended Sept. 19, 1942,; 167,590,000. kwh;, and taxes——— income after all charges Shares of Earnings per 85,210 $1.61 capital stock outstanding—_ share 155, p. 2190. — .■ ■ Ended June 30— Earnings per deductions shares.—V. 152, 3988, 1942 $29,828 *$0.23 . . $45,342 Net June 30— $0.35 profit after charges and Net —V. taxes Earn, ; i & Acid Works, Inc.— Products Engineering Co.—Earnings— Ended June Period -after income Net Thermo id charges Earnings before Co.—Earnings— . . 2287. 155, p. 6 Months Ended July 31— - V - v : —. . *$0,36 !T"./; $0.75 185,000 common shares.—V, 155, p. 2058. •'On tentative pro¬ substantially ;.$95,692 < , $81,644 $221,462 134,965' '• • 134,150 ; 1 134,965 $0.71 ( " $0.60.$1.64! ' share. and income 57,156 62,547 trust. * ■ share per taxes amounted Federal for ; $216,440 to $186,536 in 1942 and 64,405 92,083 lTo",850 189,500 *380,000 , Corp.—Earnings— Twentieth Century-Fox Film Subsidiaries—Exclusive of Roxy Theatre, Inc.) June 27, '42 June 28, '41- June 29, '40 Income from sales and rents....^ $28,163,602 $21,035,735 $23,934,628 Dividends, other income, etc. 903,460 616,392 491,864 (Including Wholly-owned 26 Weeks End;— $230,612 $0.43 $53,522 $0.06 ^ , Total Oper. - $29,067,062 $21,652,127 $24,426,492 income exp., •• ■'. ! \'5,883,134 / 5,295,602 ' office & head exch., of exp. admin, etc. /. 5,488,394 800,000 assets-3,100,000 i 1,500,000 Amortization of production costs— 15,820,928 12,309,345 Participation in film rents!——!— 692,410 - 1,460,666 Interest 3,760 9,092 15,760,572 2,054,416 141,844 173,626 74,300 30,700 foreign for Reserve The Sunray Oil Corp.—Earnings— ; 9 Mos. End. June operating Gross Net income after taxes (approximately)_._..,__ profit Earnings per —v. share_..^__._ common $0.27 - "After i "'""Preliminary. Earnings, 6 Months Ended June 30, 1943 *Net 7 taxes!—!!!!!'7' $633,730 Vy-:'.y.-'/ V' V. '! ' Superheater Corp.—25-Cent Common The directors have declared was follows: Jan. 15, 12Vfe cents each, and Dec. 23, as were 15, Oct. and 15 July 1941 during ments 25 Gross revenues after income tirement Net re- accruals' res. —V. 156, 98,261 790. p. 1,513,843 1,503,019 1,269,120 * , ; . Taylor-Wharton Iron & Steel Co.—50-Cent Div., Etc. directors on Sept. 18 declared a dividend of 50 cents per share the capital stock, no par value, payable out of current net profits The on Oct. on to 8 record of holders This 28. Sept. with $1.20 compares after Sept. 28, of 1942, for old preferred or old common deposit for old stock deposited under the stock, or of readjustment 1933, are entitled, will be paid only upon the surrender of such certificates to the Corporation Trust Co., 15 Exchange Place, Jersey City, N. J. 1 • ; • "77 The directors also voted to pay the interest for the six months' period ended June 30, 1942, on the collateral trust 7Va cumulative income bonds, on Oct. 1 to the registered holders of said bonds at the dated May plan, $10,000,000 Co.—Sells Axle Deben¬ Privately—Willard F. Rockwell, Chairman, in his ■''/! the increasing demands for our Due to Wis., was sold at an advantageous legislation . 1942 Years End. June 30— . 1941 $45,653,465 $20,427,001 income Gross 3,064,557 3,413,902 Expenses ;7 $42,239,564 $17,362,444 Operating profit 492,729 286,681 Other income ' 1940 $8,389,564 2,336.045 $6,053,519 170,900 Dec., 1939 $5,052,519 1,849,158 $3,203,360 169,585 1 for 1942 profit $2,722,022 taxes $0.49 205,649 $0.33 304,785 Earnings per common, share —V. 151, p. 2059. 7777 ' 77;.7-77;7 after all charges and - ; • Six Months Ended June 30— 7 1942 , •77 V • . (Excluding European subsidiaries) 7 1941 and amortiz. and provid. for Fed. and' profits '.taxes—'$15,270,746 Earnings per share on "Federal taxes respectively, are charged at 1941 7. 7 7 r'" 7 a^ld 7 7,7,. Note—Earnings for first six months of 1942 are after a charge to of $7,000,000 which has been set aside as a reserve for addi¬ tional taxes and other-contingencies due to the war.—V. 156, p. 872, Texas ' & Pacific Ry.—Earnings— Period Ended Aug. 31— Operating revenues..7 Operating expenses P.y. - tax accruals ry. oper. ' Total Fixed , income 100,555 5,144 income." $1,107,985" ._7„ charges 4,618, 200 372,050 -855, 256 88,371- Cr 12, 460 Crl7,799 $4,170,940 2,815 317.622 331, 029 34,904 $603,686 2,849 $824,297 —V, 1,871,3.72 744,911 $6,611, 446 Cr2,653 $568,782" $1,144,768 deductions..! Net income __.7_ 156, p. 790. 1942- -8 Mos.—1941 - $2,826,934- $30,627, ,210 $20,237,904 18,554, ,768 1,800,384 13,468,480 36,783 Other income Miscell. 2,554,895 1,057,306 Equip, rentals, net_._.. Joint facil. rentals, net Net 1942—Month—1941 $4,825,885 com. stock 286,710 $6,942, 475" $4,457,650 31, 760 fund sinking are 320,097 2,552, 415 .2,568,180 '$280,774 $4,358,300 $1,856,982 23, bonds due mortgage entitled to ! :v /; • plan of extension relating to the 10-year. 3ft. Oct. said/ plan Under 1; 1942. for each of the bonds bond due Oct. 1, 1952, of exchange in receive 10-year 4^rsecond mortgage new a 1942, March dated modification holders ; / . amount. "" *. *",.• requested to-send their bonds, together with letter of transmittal, to Bank of the Manhattan, Co,/trustee, 40 Wall St, New York. Upon receipt thereof the trustee will forward the new bonds in equal principal amount. > •• • Prior to forwarding the bonds holders should detach therefrom all principal equal Holders due Oct; 1, 1942. coupons the usual in xnent are Under its for ; pay 1 ■•!: dated as of Feb. 15, These coupons should be presented ■ manner, the terms . voting agreement, trust to the capital stocjc. of .the, corporation will expire Oct. 1, 1942. Bondholders holding any of the voting: trust certificates issued pursuant to the agreement should forward the same with their: bonds, and they will receive in exchange therefor certificates, for, the / capital stock of the corporation represented by the voting trust cer¬ tificates; The voting trust/certificates should be endorsed in blank for transfer,-with signature properly guaranteed by a brokerage firm having a membership on the New York Stock Exchange or a bank or / trust company having an office or correspondent in New York City. ? ; / The Guaranty Trust Co. of New York has been appointed registrar for the capital stock.—V. 136, p. 2260. ' . ■';!;/ relating 1933, • Federal for excess $549,343 in 1941, tion in to !' 6 Mos. End. June 30— ♦Net profit per ♦After taxes stock outst. depreciation in - - . 4,215,894 3,964,000 3,214,763 1,979,169 $989,296 $1,008,038 $434,296 $616,701 ' 1 472,500 472,500 / $0.45 $0.74t / taxes and excess profits 472.500 $0.81 income Federal and < 1 ' profits tax for first half of 1942 provision for normal income tax was for Federal excess Note—Provision to ■ ' 1942. 1939 $347,671 ■> , 472,500 $0.80 share—,— 1940 $210,000 - $383,313 ' $1) (par Earnings ! 1941 1942 V/ $378,153 _ Shs. of cap. t57,831 7 $65,500, while These amounts are based on excess profits and normal tax rate of 45%.—V. 155, p. 2287. Udylite Corp.—Earnings— ''' . . Profit out- 991.975 $5.25 profits tax, tFrom Jan. 1. for depreciation amounted to $699,458 in 1942, $548,515 in 1940, and $588,744 in 1939, and amortiza¬ 1942, $69,847 in 1941, $69,445 in 1940, and $68,717 (And * Wholly-owned tax rate /! '■;/ of ' before Federal ♦Net • taxes— income and excess • •—— profits taxes : profit Earnings per share on 400,000 common +1941 1942 $407,532 342,000 $426,101 266,000 $160,101 $0.40 for Federal income and shares— depreciation, interest and reserve profits taxes ,etc. . fAdjusted.—V. 155, p. ■'y. * After excess , Subsidiary) 6 Mos. End. June 30— $65,532 $0.16 1319., ;: $71,151 in United Chemicals, Inc. (& 1939. Consolidated Balance Sheet, June 30, 1942 and on hand, $12,988,735; U. S, defense trade accounts receivable (less reserve),-$10,Government-owned facilities, $424,673; in¬ ventories (less reserve), $16,702,042; advances finder U. S. Government facilities contracts, $2,116,337; investments and other assets, $123,264; property, plant, and equipment, $5,337,098; goodwill, patents and license agreements, $1,008,954; deferred charges, $132,864; total, $49,384,587. • " : V •• • Liabilities—Accounts payable, $6,829,170; customers' deposits and credit balances, $803,459; payrolls and commissions, $1,002,380; accrued taxes and other expenses, $94,238; Federal and State taxes on income, estimated (including an additional amount of $3,675,000) (less U. S. Treasury tax notes), $19,655,623; advances under U, S. Government facilities contracts, $2,116,337; reserves, $3,187,518; common stock ($10 pari, $9,919,750; capital surplus, $96,805; earned surplus, $5,679,307; total, $49,384,587.—V. 156, p. 872! ? ; on deposit bonds, series G, $100,208; 450,411; Co.—Earnings— Twin Coach • $2,653,701 advances on U: S. 32,488 - Corp.—Plan Operative— i.. directors have declared operative the The board of and 87V2';<i $3,649,059 991,975 988,075 990,075 Earnings per share..^. $5.01 $3.69 $2.62 ♦Includes $7,700,000 and $29,300,000 in 1941 and 1942, respectively, Assets—Cash income as without $312,000. $4,972,038 — ^7" ;-77-7— 1940 .rates in 1942 and 1941 "77' 7,,;7;777:7i' corporation amounted '7'/ 7, 7 /7 7 1,000,000 77-7 7 $5,205,190 — Note—Provision 77>/■/ ,7.1' v ■ $23,407,368 capital stock..—$1.40 $2.15 after , Standing (par $10) earnings after charges for deprec., deplet. excess , "■ t'-> that on Aug.; 31, last, Darryl F. Zanuck and director and was granted a leave of 29th Street Towers ! 69,244 dividnds Common 7- " ♦Net $3,372,946 650,000 75,360 ad- dividends Preferred Surplus (& Subs.)—Earnings— 2,500,000 .!—7 ! Net profit ; Shares Texas Co. $6,224,419 *34,500,000 *12,000,000 1,821,054 883,135 1941 $4,581,012 sales Net taxes. post-war justments 6 Mos. End. June 30— Net State & deductions Other Corp;—Earnings- $42,526,245 $17,855,173 income Total Federal Prov. 7 Tennessee Products this period under any !" ! , ■ V • • 12 Mos. End. 15, Sept. 30, 1942.—V. 155, p. 1520. far proposed. so reports Vice-President compensation to devote ~ full time to duties as an officer in the U. S. Army, The leave of absence will terminate at such time as Mr. Zanuck shall notify the corporation of his wish to return to his duties with the company, it was stated.—V. 155, p. 2101; The resigned absence , close of business, for Federal Income taxes in 1942 is computed of 50$i for 1942. The corporation is not rate tax profits tax on the earnings for excess Resignation— 7/-7f;;.V cash price on Aug. 20, 1942. provision estimated an tax Consolidated Income Account paid on Dec. 11, last, and 50 cents on Aug. 8, 1941. The previous pay¬ ment was 80 cents per share on Dec. 23, 1937. !•!. ' 7,' :/ •//Dividends on shares to which the holders of certificates, outstanding certificates Pv;"7907,7;7i7;\;7'77'7:;77'''^ products by the armed forces our volume of production has reached a point where it is dispro¬ portionate to company's capital and, resources. As a result; of this, directors have considered it advisable to negotiate a 10-year debenture loan for $10,000,000 bearing interest at the annual rate of Vie with two of the largest insurance companies. The loan agreements, which became effective Sept. 1, 1942, provide for retirement of principal at a minimum amount of $1,000,000 per year, which may be increased by company to $1,750,000 per year without payment of premium./ There is a further provision in the agreement for earlier retirement of the loan at certain reasonable premium charges dependent upon the length of time the loan has been outstanding at time of retirement. ; / 7; To further fortify its working capital position the company's invest¬ ment in The Delta Manufacturing Co. and affiliates of Milwaukee, 7 $5,609,625 1,277,260 109,596 108,912 98,978 income half of 1942 were estimated on the report to stockholders dated Sept. 11, states: year-end of !!;. $6,386,865 $494,201 ;!!!// $557,835 Note—The at 2.194,028 revenue/bill.—V. 156, the pending share-,—— per liable for and excess ■.-;77-':777 7!.'. 7;7': 7'„:" ... . Timken-Detroit tures 1942—12 Mos.—1941 1942—Month—1941 > ' 1,427,414 taxes. of 1941 v $5,071,724 estimated Federal and British income profit Note—Federal taxes for the first : FJ Tampa Electric Co. —Earnings— Period End. Aug. 31— Operating a ■ $2,190,894 $0.86 profit "Not : owned Oct. 5. 15, last. Pay¬ cents; April 15, 156, p. 1062.,; •!/!'.!!;' 50 cents.—'V. . the A like and excess profits taxes "After charges and basis •: 1942 7 $4,370,414 /" $861,278 $117,213 ! $0.11, >: '/ Nil including depreciation on studio buildings and equipment absorbed in production costs. tOn 1,741,995 shares of common stock. Net . . dividend of 25 cents per share on a stock, payable Oct. 15 to holders of record disbursed On Jan. 15, April 15 and July common amount Dividend— . taxes^ ■ State income taxes, etc.—V. 156,1 ■',vv7- ,v. '•"•7 ; ■ '•7, and Subs.)—Earnings— 777 7 (& income before profits • n 1,250,000 income fEarnings ;; ';7■■ 6 Mos. End. June 30— Profit (est.) after charges and Fed. inc. 702. p. 77 Time, Inc. Sunshine Mining Co.—Earnings— —v.- 156, Federal depreciation, 349. p. 156, p. io6i./. Net mine inc. the . ; -J dividend of 50 cents per share on a 8 _ 623,000 $0.29 604,000 ; Oct. (John R.) Thompson Co. (& Subs.)—Earnings— :7 7 Jan. 1 to— 7.7,: June 30.'42 June 30, '41 June 14,'40 Sales $5,971,038 $5,286,450 $5,096,318 "Net profit ! ■ 99,569 130,743 t66,290 Earns, per sh on, 296,300 com. shs. $0.34 Nil. , Nil 4»-~- 1941 $4,980,000 $4,887,000 /./V:/;'"'/v/ (approximately) L-,-- payable / 125,936 7 • 30—•;/> ♦Depreciation of fixed assets_„A~^r-. Federal amount was disbursed on March 25 distribu¬ last, as compared with 75 cents each on Oct. 1 and Dec. 27, 1941,. and 50 cents each on April 1 and July 1, 1941. : k. » ' ' After payment of the Nov. 1, 1942, dividend, arrearages on the second preferred stock will amount to $63 per share.—V. 156, p. 87,;;! tion declared Dividend— to holders of record Sept. 28. A like and July 29, last. Payments during 1941 were as follows: May 31, 50 cents; Aug. 25,.75 cents, and Dec. 20, $1.25.—V. 156, p. 263. : • 7' ■' //. /:;.:77 7y\'.: 7'"> -'V " ' v7'7;7'; stock, common preferred stock, no par payable Nov. 2 to holders of record Oct. 13. A similar was made on this issue on Feb. 2, May 1 and Aug. 1, value, directors have The account dividend of $1 per share on declared a have directors accumulations on the $4 cumulative second of Thew Shovel Co.—50,-Cent Common Co.—Accumulated Div. Securities Electric 1.571 .. — r Suburban , inventory. losses In contingent 1941 ' $87,702 $0.06 stock common on 1942 • . —L"- profit $200,770 in 1941.—V. 156, p. 263. 92,083 *235,000 profit of.~the Revenue Act of 1942.— ''r:/ '! ! 702. Note—Provision 114,313 31,919 $138,053 134,150 " $1.02 ! 1940 ' $156,267 $0.52 *; ... $0.30 ♦After depreciation, interest, Federal income taxes, and in 1942 and 1941 after provision for excess profits taxes. Net profit in 1942 is also $809,173 117,391 • profits taxes for the June-quarter excess anticipation in 6 Mos. End. June 30— ♦Net after $915,572 estimated are 156, p. 1942—6 Mos.—1941 $430,537 31,152 taxes.. 165,000 /Tung-Sol Lamp Works, Inc. (& Subs.)—Earnings— : 1941 Revenue Act still in n.'T 7'..i .'l 58,696 ■«. $303,053; 725,000 80,000 330,000 per 1942 V. $263,551 $440,955 tEarnings per share $0.45 $0.81 "Includes an adjustment for probable increased taxes applied against first quarter earnings.tOn 476,388 shares of common stock. y ; Current assets as of June 30, 1942, including $306,161 cash, amounted to $3,851,207, and current liabilities were $1,505,606, comparing with cash of $393,823, current .assets of $3,480,548, and current liabilities of $1,132,787 on June 30, 1941. Inventories were $2,509,817 against $1,774,867.—V. 156, p. 439. 7. 7/ ./V''-,; -; ::'7;-7; !'7'■■-77 Net $66,335 >>■' $139,238 Earnings per share- income Federal Ohio—Earnings— l/';! V!!/!;!' 1942 1941 charges and taxes.U—l after income Act, Revenue 1942—3 Mos.—1941 _J.__ etc. Welfare Employ. Stroufs-Hirshbcrg Co., Youngstown, Net of $0.34 r;iv7,/ $470,453 deprec. , amort., Int., $354,543 $1.52 ■: Earnings (Including Domestic Subsidiaries) ';;!;/ $191.454/!■ $448,744 $0.82 *$1.92 stock.—V. capital of shares 234,000 *On $186,623 *$0.80 and taxesJu per share_ ;; 1 /.-/Nil - $946,462- ; '• •'/ excess/-' Net profit shs; of bap. Stk. outst.- surtax has been made and tax required under the 155, p. 2374. Period End. June 30— Profit & profits taxes Earns, 1942—6 Mos.—1941 ■,. ' ■■'• // 1942—3 Mos.—1941 30— all ' 1942 proposed income time.—V. 8,356 $161,644 •t *$50,269 '/'■/ •'/•!-•!77:/!;' of the amount at the 5,127 $425,692 income Note—Federal •' $0.34 153,288 .., ; the of view- 420,565 • income Fed. 205,876 ,! 205,029 Depreciation Steel Total $1,297,463 $530,361 937,370,.. 289,700 9.092 13,353 $277,858 $604,914 & depr. exp. J 1942—6 Mos.—1941 1942—3 Mos.—1941 .. profit after $256,145 $122,941 v v?■>// quarterly usual the to 102,920 /',>/■!,■•;! Nil; X par) !.. Williams Steel Forging Corp.—Earnings— & Other income ' *$50,033 ' extra dividend of 40 cents per share dividend of 40 cents per share on the common stock; both payable Dec. 15 to holders of record Dec. 5. Extras of 40 cents each were also paid on May 15, last, and on May 24 and Dec. 26, 1941.—V. 155, p. 1318. /i'! addition ' $82,088 $152,953 $1,852 102,514 (no for Federal excess force H ,; t in The directors have declared an . in 137,443. sh, on 146,832 shares Note—In vision Extra Dividend of 40 Cents— 90,292 86,414 ' •- "Surplus. 701. 156, p. Standard Wholesale Phosphate 20,943 $100,662 per com. $463,998 $279,188 —• 128,255 dividends Preferred 194T-; ;5 1.942 ;; 11,523 84,033 44,051 profit 1941 were; 20, $3.50. . $414,531 ,/ ; Standard Stoker Co., Inc.—Earnings 6 Months Ended • 16,577 $300,635 ■r.- Deficit ;■ 21,015 14,586 $248,509 etc. tax, Prof, 7. , „ income Gross $393,516 $284,058 8,287 income 1941 2191. p. Period End. June 30— ! $132,317 income Total Fed. '^7 ' 1 share.—^ common 129,000 *On Other 'V.' '. $233,923 155, 3,321,826 $124,030 —V. $3,715,342 4,464,592 prof, aft, depr. Miscell. charges and taxes- Net income after all v ' $4,748,650 1,838,349 This compares with $2.50 30 to holders of record Sept. 22. follows: as Transue :_! $3.50 per share on account cumulative preferred stock, par $100, pay¬ the 7% on paid on March 30 and June 9, last. Payments during April 7, $1.75; May 21, $2; Sept. 23, $3, and Dec. each (inch de¬ exps. Oper. $1.79 ' - . & preciation) Silica Corp.—-Earnings— Standard 6 Months Costs < 1941 $163,065 91,206 1942 $137,259 June 30— $2,072,272 2,361,884 $2,485,914' Niet sales Kansas—Earnings— Standard Oil Co. of 6 Months Ended —V, The directors have declared a dividend of 1942—6 Mos.—1941 1942—3 Mos.—1941 Period End June 30— Dividend— Securities Corp.—$3.50 Preferred :; Towne of accumulations able Sept. as and June 30, last, cqmpared with 50 June on cents on March (& Subs.)—Earnings— ; Thatcher Manufacturing Co. compared with 151,361,000 kwh. for the corresponding week last year, an increase of 10.T/c V. 156, p. 1061. Net quarterly a output Standard Gas & totaled declared have directors The into permitted to be carried forward the taxable income for 1942. present income tax laws is succeeding year, will exceed the and dividend of 10 cents per share on the common stock, par $5, payable Sept. 30 to holders of record Sept. 24. This compares with 15 cents per share paid on March 1 and June 30, last. Payments during 1941 were as follows: March 31 and June 30, 10 cents each; Sept. 30 and Dec. 29, 15 cents each. An extra of 10 cents was also disbursed on Dec. 29, 1941.—-V. 155, p. 2287. exceeds the A like amount was disbursed on March 31 30, Sept. 30 and Dec. 29,: 1941,. as 29, 1941.—V. 155, p. 2464, Sept, 22; Co.—Div. Reduced— Terre Haute Malleable & Mfg. Corp. under section 77 B of the Bankruptcy Act, which loss taxable income of the company for the year 1941 and it is estimated that the net operating loss created for 1941, which, under Oil Rock Monday, September 28, 1942 FINANCIAL CHRONICLE THE COMMERCIAL & 1158 Subs.)—Earnings— Net profit ^ " "After providing for Federal : 1941 1-942 First Six Months— —™—J* ' *$109,050 +$105,401 excess profits taxes based Income and adopted by the House of Representatives <45% normal and surtax, 90% excess profits tax), and including in the second quarter rates on necessary adjustment for the six months' taxes, tAfter adjusted on the basis of the 1941 tax law,—V. 155, p. eral taxes calculated United Corp.-r-Urges Its Fed¬ 2287, Voluntary Plan Be Adopted— Disputes SEC Staff Argument That It Should Be Dis¬ solved As Being Legally Unauthorized and Imprac¬ ticable— ! " ' • . ; _ . . corporation in a statement filed Sept. 23 with SEC in connec¬ with the latter's "death sentence" proceedings instituted against The tion the company counters the' staff's recommendation that the corpora¬ with the contention that the company's plan of volun-> tion be dissolved < Toledo The Shipbuilding Co.—75-Cent Dividend— directors the common have declared a dividend of 75 cents per share on' holders of record stock, no par value, payable Sept, 30 to tary reorganization under the Holding Company Act should be approved *• The latter soon will set a date from oral argu¬ in the proceedings. v , by the Commission. ment t Volume 156 Number 4111 THE COMMERCIAL & FINANCIAL CHRONICLE Summarized, the company makes the following points in its brief in support of its contention that its plan should be approved: Since the company has undertaken to divest itself of the possibility of controlling Weekly Electric Output— The output. for the UGI system companies for the week 19, 1942, .amounted to 122,772,520 kwh., compared with 106,509,545 kwh. in the same week last year, an increase of 16,262,975 statutory subsidiaries, the Commission is not authorized to require United to take any other action to comply with the provisions of Section 11-B of the Holding Cmpany Act. It United ,: electric ended of its any does not United Milk Products 6 Mos. Eiid. June 30— •AfNet profit fEarnings per a finding that -voting power is unfairly holders of United or that reorganization * its. capital structure is necessary, the company contended. A" ; Dissolution of United is neither required nor authorized under Sec¬ tion 11-B (2), In conclusion; ing its If 11-B the ceased 11-E should plan be should be holding a function as a New 1941 ... 1940 1939 subject Commission under the to proceedings the Act and Company Act of stock, par.—V. no $186,499 $127,124 $2.29 income 155, taxes, fOn 1421. p. 1 $96,456 $1.29 •; etc. $0.79 34,899 shares will it The A directors, the first York City: directors ment the disbursed was the on March on stock common since made by Irving S. Olds, Chairman of< conference in Chicago on the ptess a meeting the of board a,"'" •• of this to be held outside of * corporation deemed it appropriate hold to history a V ' ton every Chicago of steel district is produced going by United States Steel Corp. into America's war effort. Through cooperation between employees and management, steel is being turned out by our plants in this area in continually greater quantities for ships, tanks, guns, planes, and other war uses. and effective Improvements 16, last, which was the first pay¬ 27, 1937, when 30 cents was being "< A and completed, steel May paid.—V. 156, p. 1063. 1940. the loyal have declared a dividend of 25 cents per share on the stock, par $10, payable Oct. 15 to holders of record Oct. 5. A like amount Corp.—Expansion Progresses— was at A, A; Today , directors common has continue by of of '• district. ; A.-A-'A United Paperboard Co.—25-Cent Common Dividend— under that regulation to $167,634 $2.03 Federal " in :A; order an subject company Investment seek depreciation, common order approv¬ an J . . will of After . share— Steel meeting on Sept. 23 in Chicago—the first in the of the corporation to be held outside of New York City—because of the importance of this Midwest center to the corporation's war production effort. Furthermore, the corporation is proud of the part which its subsidiaries have played in the industrial development of the Chicago Co.—Earnings— 1942 . .;.f.a;.:A - and granted United company investment an be dismissed. plan becomes effective, to :A.-'" .v.- United holds that its. application for Section ..Section i. v board The warrant security among States following statement occasion 15.3%.—V. 156, p. 1062. or • Evidence to the is not distributed A The Sept. kwh., "practicable" to require United to make any changes in its capital structure or to dissolve at present, and any order to that effect will be contrary to the provisions of Secion 11, arbitrary, and in all respects void. ''V": .,-, ' - of 1159 products tank additions to and will feed to existing America's result soon plant In facilities larger a rapidly are flow of steel and machine. war armor plate plant is under construction by Carnegie-Illinois Corp. in the Chicago district, for account of the United Stales Army. This plant will be. in operation early in 1943, and will supply shaped tank armor plate ready for speedy assembly on tanks to be Steel Dissolution Held Sentence"— Only Way United Can Meet "Death brief a Utilities only The (2) Act, staff United SEC that which by 11-B , Company the holds Division Section of with filed method the sentence" 22,. counsel the - that fair a partial a and equitable bring about equitable distribution of voting structure. and "It problem in power dividend cents the of a it remove from of have value the in divestment the of of tinued is stock United, the staff of in the its up excess unless of be to To of ownership, holdings feasible or in the nor complexities United Corp. which are result from the since unnecessary, capital con¬ will to were result their in ■* meet Sept. debt a owed loss a of $15 to ar.d to staff "Dissolution says: on the of United Detroit its fixed appraised an of the assets, ownership value of $155,000 Universal of the its stockholders among 1942. • inc. and all A A19 42—3 this 155, $172,176 cl per B share- p. 2015. w $335,672 $0.28 $333,578 $0.54 $1.02 of ment teed 6 Mos. Ended June 30— Net sales expenses......— (& Subs.) 1942 ) which *1939 1940 $1,629,825 1,430,880 2,277,642 33,681 23,338 r: 31,386 ment Other $255,666 A A income $236,599 $167,559 74,018 39,896 24,131 81,212 $276,495 $191,690 Fed. & $104,143 207,822 149,199 102,813 92. Y-Y-CYYA 24 128 tax foreign inc. Minority ^interest-,. A' - , < all Net profit per ----A $121,770 $127,272 for $0.18 Nil avoid j Nil >"j'A,r :A , Net profit after 1942 • $5,891,425 etc._r manufacturing 14,762,888 depreciation, Other income Total continuance the State Income Fed., income Net for 'Revised. to 53,000 61,255 ^$1,504,949 28,259 $1,476,690 and $1.80 per * JEquiva- contingencies. war share common in 1942 and 1941, respec¬ tively. Notes—(1) The tax in rates sentatives, tax. rates at (2) : from the 1942 45% or The provision bill revenue the Federal as for normal and in revision passed surtax, first half of taxes has the by and 90% 1941 reflects been made of House at increase the in charge greater reflects while from to $446,005 amortization company.—V. 156, p. 'Does not sources.—V. equipment the in any Shs. A cap. ($10 expanded United Gas the to had since been been now in SEC Philadelphia a Sept. on 18 with the July 4,'42 July 5,'41 disputes European or Co.—SEC C.—V. 1940 United Kingdom Disputes Court Circourt contention it UGI's ordered The company of mination additional to Act that under the provisions of the Public Utility the SEC is required to proceed with the deter¬ constitutes what before systems, it a single may integrated legally direct dispose of its interests in any property. the utility system, and the holding company The UGI filed its brief in it is expected that the case will come before the court for argument early in October. The Commission replied that UGI's stand completely distorts the purpose of section 11. "That section is not intended necessarily to result in the creation of holding company systems dominating whole case areas, and on on Aug. but on the units not • ' < 1 1 , 8 and contrary/ the emphasis is on localized management big to destroy the effectiveness of state regula¬ , too tion," the brief contended. Stores A record stockholders of Aug. 1942. record 1, 1942. common 385,603 385,753 $1.42 $1.36 ,$1.10 appointed Treasurer. Plywood's He excess states company and to surplus July. 31, 24, that "this A 15, last, and on profits real cents per of record also the f declared Oct. is 15 not like to 15, dividend a to holders be amount Jan. declared share) Oct. on 1942, -On May-0^19427" of 145 since Subsidiary) . In the estate was corresponding period of the pre¬ $282,109 were charged to :-A ....AArr-'Y losses of Inc,—Earnings—<■- ... ^ ) $234,717 common share above net $0.29 with compares three months of 1941. Net 76 cents income a for share the the for first six corre¬ months with $1.43 a Co.—Earnings— 1942 : 1941 $8,689 $15,541 $0.04 $0.07 ! 2516. p. profit 'After Corp.—Earnings— provision 155, p. 1942 (of $23,000 in 1942) for 1941' ;$322,869 (estimated)-,— $321,664 Federal 832. income * - also act Algoma Period End. June 30— as Ply¬ ► 'Net profit 'After eral . of $1 paid 15, July share per record considered was April of Oct. on The 1. establishing as on Jan. Oct. April 15, 15, 15 ;••< income and excess 1. Corp.—Earnings— "After after 1941 1940 -$592,454 share per $581,784 $628,101 $247,736 $1.18 $1.16 $1.26 $0.50 ;• 1939 ! ■ charges, State and Federal income taxes, and in 1942 and 1941 for excess profits tax. fOrx 500,000 shares of capital provision stock, $1 par. taxes profits taxes, 45% to ''' 1942 profit usual quarterly dividend of 1 % % the preferred stock, payable Oct. 15 to hold¬ etc., Universal-Cyclops fEarnings 1942—9 Mos.—1941 t$31,493 $141,024 tS205,576 but before any provision for Fed¬ profits taxes. fLoss.—V. 155, p. 2375. 6 Mos. End. June 30— 'Net a 15 Dec. and 1942—3 Mos.—1941 $113,302 depreciation, interest, Note—Federal the taxes,— Universal Cooler Corp.—Earnings— 1941. directors 20, 136 Corp.—Earnings— (And • account. subsidiary year 151, 'Net Wis., and Hamilton Veneer Co., Orange¬ 22 payable dividend rate." July 1942, of increase an 6 Mos. End. June 30— V. will subsidiaries, 1063. Sept. stock, 20, On May increase an „1—— United Stores A v 385,603 Consolidated Earnings for ' Y:',' 'Gross First : $3,582,000, Reserves for Months A ' in 1942 were based on 90% for rate excess for the combined normal and surtax, and amounted including State taxes.—V. 156, Universal Pictures Co., Inc. deplet. and taxes... 1,214,708 1,246,843 p. 967. 2,328,015 1,055,735 Frov. Net earnings Preferred - dividend Balance Earns, taxes and on $2,806,630 1,091,879 39 Weeks Ended— Consol. with that share $2,607,829 528,765 on deducting all shares common $3.24 equities in certain foreign subs.—^ for Fed. income and excess profits taxes The excess profit charges the figured profit 31% for States none will the basis of 45% the same excess be to taxes net for $255,246 profit the L-w : : $4,760,873 227,718 2,780,809 $2,000,864 $1,752,346 provision for Federal income and quarter of the current fiscal year after third (before Aug. 1,'42 $2,751,864 deduction of $234,000 charged in this quarter but applicable to preceding six months, due to proposed change in tax laws), as compared with $631,530 in the corresponding 13-week . foregoing estimate United States taxes on — consolidated Aug. 2,'41 751,000 (net after adjust, for prior years taxes) Net $1,714,751 $4.93 , except domestic and foreign Federal income and provision for reserves for depreciation, depletion amortization. United ._ . profit before Federal taxes__„—YY-j- amounted Note—In been : — per 'After requirements (& Subs.)—Earnings— Write-off of 1,091,879 amortization. income $5,109,208 $3,699,708 deprec., 1941 $7,242,431 foreign and Federal Domestic, 8 1942 earnings dismemberment. argued of May 20, preferred stockholders, 156, p. 872. AA; after charges and taxes Earnings per share on 225,000 shares-... Smelting, Refining & Mining Co.—$1 Dividend—Earnings for First Eight Months— on placed $426,941 States p. ovens, UGI Appeals at by the com¬ pany that its divestment orders against UGI incorrectly interpreted the provisions of the Public Utility Holding Company Act under which Holding Company preferred since stockholders, United States Universal Joints States of raised 330 Net profit 1939 $522,501 Algoma, 156, resume were income after estimated Federal income taxes —V, 1941 385,603 been Co., Estimated the the $0.99 United will furnaces of 1942 is 55 cents a share after taxes, and compares share for the six months of ^41.—V. 156, p. 872. esti¬ this preparation of three weeks before $548,758 _ has for Veneer directors regular ers the they the 1942 share Leary S. The - of common States Earnings per • outst. : United The filed just report, stockholders common " A'-J sponding $400,000. exceeded the of rebuilt battery of coke electric new increase of 424 since May 1942.—V. Note—The suits $382,585 stock per A. burg, 1062. brief already in being new Earnings for the Three- Months Ended June 30, 194} At Net y date dismissed ■■ The had the incurred Two decrease U. S. Truck Lines, of the various antitrust company is A surplus account.—V. 156, p. 1033. 1941, the U. S. Gypsum year in that ' ; an 69,359 profit ceding open were case. the government . Controller of $3.67 Improvement f in which _ Dismemberment— on 69,783, charged to United States Plywood Corp.—New Treasurer— (87Vz Stand * 'After depreciation, Federal and Canadian income and taxes.—V. 155, p. 2375. com¬ the operations $10,729,000 from /' stating probabilities 156, p. 703. par) Earnings period $9,941,000 income it by profit & ..—a—l.—$3.39 include the be $415,488 the upon a corporation's Jan, .30, 'Net time. department Another were administrative expenses before income taxes——_> 156, p. cost 6 Mos. End. June 30— "Net wood Co.—Earnings— -AA term the at installed will -A' - A : v' v A • 7 -A ju'ne 27, '42 June 28, '41 : $82,989 $68,417 * After depreciation, interest, Federal income taxes, etc. Note—Subsidiary company losses upon the sale of real estate and buildings in the first half of 1942 in the amount of said that at by government held published for the $100,000 has which . share the date."—V. W. 1942 439. 6 Months Ended— •"Estimated profit per war be to officials stated that Common United Fruit Earnings of increase in selling and an $546,380 is indicative of the regard, were October made new 1941. 163,749, a Repre¬ amortization and to $261,127 in the been units Joliet at a merchant facilities 6 Months Ended— United States Playing, Card Co. (& Subs.)—Earnings— provision for taxes depreciation for 1941 this the to case Some way. Others of its ■ 164,079 since Feb. 20, 1942. ■; totaled weeks of six of under • ■ corporation's !Y there, were Goldsborough Alan close well including in 6 Mos. End, June 30— for excess profits subsequently determined in the ,1941 Revenue Act. An pany's plants, , 1942 $159,981 in the first half of largely the for that another case, trial $1,609,751 fAfter $200,000 provision" for . $1.34 the however, insisted upon their right to a trial in might be cleared of the charges against them. The against Company $1,638,615 28,864 common Judge at would be tried recently would -be successful.* they stated brought 704,951 +$1,126,878 28,259 . Co. 72,402 1,274,445 $1,098,619 —— have "In its annual report $2,415,968 3,667,000 taxes , dividends Surplus ' — profits excess profit Preferred lent tax^. & by improvements operation. plans for rehabili¬ district, manufacture expendi¬ month. in there defendants, that mated $2,840,649 efforts 1942, The it charges of Sherman the U. S. Gypsum Co. state¬ case resulting action is the dismissal of the 1940 $3,037,654 2,720,974 5A? 2,315,587 119,675 100,381 $4,846,878 civil a in finishing facilities. numbered ,j sustain directed was in case a agreement in that if the trial order *1941 83,990 u . J income to - $3,403,025 in. year last United defendants the defendants AAAYA" A A; *'. " Foundry Co.—Earnings— $ 6 Mos. End. June 30— Gross failed of "The United Engineering & has its court ' "Including French subsidiary.—V. 156, p. 703. last the is already this the Number of Stockholders— started two prosecutions within case various announced in $67,000,000. Major items include projects at the Steel Works, Gary Steel Works, and Gary Sheet & • The Certain- and Co. for the than more operation > agreement that the express $76,667 • March, U. S. Gypsum Co. and Certain-teed Products Corp. moved prompt trial of the remaining indictment. The government a obtained 22,989 4,487 $88,749 Nil ih: common Co. mill in¬ for Gary Sheet & Tin Mills, the installation of additional electrolytic tinning lines and equipment for chemical pretreatment of black plate is well along Rnd will be completed during 1943. These new units will aid in conserving the nation's supply of pig tin, the source of which has been cut off by Japanese conquests in the Pacific.- • verdict a Gypsum in and Wire facilities been At cost Court new program are Chicago , second against gypsum companies, « "Several Earns, in The Depart¬ of District have waiting being built for account of the Defense Plant Corp., will be completed early next year. A program for increasing facilities to provide slabs lor the new armor plate plant is well advanced. The South Chicago Works of Carnegie-Illinois is United States Steel's manufacturing center for electric furnace steels, which are used extensively in aircraft construction. Existing electric furnace facilities are being increased by the installation of an additional furnace and „ industry tubing, 1943. of South company. division Federal antitrust of the the of additional $500,- . gypsum of antitrust States ; series a the the ' . government testimony. The statement issued by U. S. Gypsum Co. in part: . $22,931 $329,684 income__^__ the suit, in ■ government of by of . officials to United constituted November favor "In Total against said. Last in Profit the dismissal terminated Act violations $2,334,254 1,819,831 members criminal Corp. . according its C., and ago against the of D. move years $2,079,768 1,872,007) I Depreciation Earnings- ••1941 $2,127,673 — Cost-and followed Justice Products The United Dyewood Corp. suit $500,0.00., Washington, ...: , antitrust company statement $560,939 $0.63 ■ '■ , . The 1942- -6 Mos.—1941 Mos.—1941A chgs. taxes Earns, —V. after ... will wipe out an earned surplus of $834,850 held by Freight on June 30, last, and reduce capital surplus $1,413,455 to $1,361,150, the latter total subject to later adjust¬ ments.—V. 156, p. 1063. * ' United States Gypsum Co.—Anti-trust Suit Cost its a Joliet, This & of and operations about the first of December. States 000 at operations Dock Terminal from Corp.—Earnings— aircraft Mills. A a A A a At the Gary Works, the work of rebuilding twelve soaking pits is Ar practically completed. One coke oven battery was rebuilt and resumed settlement United mill ;Tin consideration The structure. Period End. June 30— Co. ■ ensuring of Carnegie-Illinois Steel Corp., in addition to constructing the tank plate plant, bits- been active in expanding its facilities in the Chicago area for steel production. This program involves an ture Detroit production armor Co., which carries ownership The stock had a book value of $467,844 on property. expansion Waukegan halt the 2,880 shares of and the operation by the first of the year. It is expected that the project will be completed and producing to aid the war effort during the first ► Freight for American Steel year red at property. States arsenals. immediately placed in operation without the remaining machines. Waukegan. share. a tank of and products write in the settlement therefore amounts to $1,642,844, with a book value of $4,030,000 given to United States Freight's investment, so that the net loss to United States Freight will be $2,387,155. -%%.;;• ' ■%£■■■. .&;.£■ -A;\;.' AAA,A'', Aaa-'^A',;:;- - %:;■ A AyYYY% of . Net Last tation coarse the Nicholson Universal Steam¬ are and installation ^ _ midwestern equipment stalled 25 to vote on pro¬ three other trans¬ by $2,387,155 stock from $25 the debts owe of some with stock 31, The circumstances United Drill & Tool A; which compares the correction of the evils resulting from Subsequently it is demonstrated that pre*mted by the United system dissolution of United is the-only action, both adequate and consistent with the interests of United's investors, which will remove all of the evils presented by the United Corp."—-V. 156, p. 703. the A,.,-. ,' ,, value of the Cleveland July United ; the , company the settlement of property and one of $150,000 this situation the directors of Terminal with of A- whatever. meet Overlakes voting consistent 26 cents have authorized, and its executive committee has approvad, the settle¬ ment about to be presented to the stockholders. This settlement will give United States Freight $1,020,000 cash proceeds from the sale by holders." recommendations, United's. corporate under the companies that Cleveland shall it Aug. 35 .A' A ;';^a.-A.v-A ■ ship Co., the Universal Terminal Co., and the Overlakes Freight Corp. Overlakes was formed in 1932 to buy from United States Freight all capital stock of Nicholson, Universal Steamship and Universal Terminal. In their 10 years of operation Nicholson and Universal realized profits in only two years. In addition to their debt to the-United States Freight Co. there was an indebtedness of $135,000 on the its stock, in which event, in the distribution. divestment and distribution of its assets of in 28, 28, '-A: Freight Co.- -Stockholders To Vote On which the stated The participate respondent's security function Corp. method the equities, common not without appear the substantially respective will control that of useful United one of prices equity for the no United's existence no Summing the down order outstanding -securities of United. In and common stockholders will par¬ their with of holds market the subsidiaries of staff serves is of of ownership its interest The in a dissolution preference common divestment securities basis value both there the course, Neither of the for accordance that appear of the on market distribution ticipate of approve port, companies United, current such States Stockholders posals to "Dissolution will permit the distribution among the security in accordance with their equity of its assets which holders a category the necessity brief says: the permission of the Commission, got May May . at Tubular Alloy Steel National Tube Corp., a new subsidiary, has acquired the plant Co., at Gary. This new company will produce alloy and stainless tubing for aircraft structures, motor parts, bearings, tank tractor tubings, and oil refinery tubing. The work of installing machinery and equipment is now in progress. Tube reducing machines, of key holding company as "elusive and It suggests the company's voluntary plan be dismissed. fragmentary.". Urging it the the first this year. were as follows: 'March 20, 1941 an securities unless to erected made, was Debt Settlement— adequate solution," the report adds. The staff report characterizes the voluntary plan submitted by United, in which the latter proposed that it would refrain from voting its share United United's own the undue complexity in its own corporate solution suggested, by respondent, nor do we remove is. not as on per and Nov. 26, quarterly dividends of 15 cents each; extra, and Aug. 26, 85 cents extra.—V. 155, p. 2464. reorganization that it would among Sept. 18 took no action on the declaration of a the capital stock. On July 15, last, a distribution of 15 on Payments during Holding .-A;;; -v-A one-stock the to Public provisions v. directors . is Utility A-i ... the Corp. the Public ; A solution for United meet can of A Abe security holders the of corporation "death adds would Sept. on dissolution •" recommend it \ United Specialties Co.—No Dividend Action— • The In period profits for of taxes required.—V. 155, the 8 months 1941. for p. No either 2464. on of provision period, income have 1942, was compared made for it being believed period of 1941. Provision for Federal income and excess profits taxes this quarter required $768,350 (not including $234,000 charged in this quarter but applicable to preceding six months, due to proposed change in tax laws), as against provision of $361,000 in the same quarter a Before provision for Federal income and excess profits taxes, for the third quarter of the current year amounted to year ago. the profit :* THE COMMERCIAL & FINANCIAL CHRONICLE 4160 SI,023,596, is advanced well p. —V. 155, p. 2375. Vinco —— Net 334,762 income Total $2,121,279 $2,011,271 $1,933,963 95,920 98,957 96,366 85,207 59,111 13,915 "Loss sale on 34,795 t611,581 258,442 145,241 $1.76 145,241 $6,59 145,241 $7.07 145,241 (cash) dividends outstg. (no par) Com. shs. shr. on com. per .profits '• ■' tax. Assets—Cash in and banks June - inventories supplies on $151,815; investments, $2,201,371; sinking fund for preferred $25,246; fixed assets (less reserve for depreciation of $1,492,$1,333,162; goodwill, $1; total, $16,150,156. hand, • stock, 575), . $1,538,983; payable, > < had for contingencies, $138,649; 8'ft cumulative preferred $10Q), $6,024,600; common stock (145,241 shares, no par), $1,479,305; earned surplus, $6,501,422; total, $16,150,156.—V. 154, p. 1634. „" - • ^ $346,705; stock , reserve Although (par •has and stock, a 155, p. 2102. cents.—V. 60 declared value, ■ . ' ■ : . ; ■ V. -156, application of company from listing and application stated, Utica Clinton & Binghamton The Service Public .p. approval of dissolution of the company, and transfer of certain of its to the trustee of the Utica Lines of New York State Rys. leased by the railroad to New York State Rys. since 1886. In connection, with the permanent-, transfer, the commission said, the latter will pay $206,820 in settle¬ ment of all past this Earlier be transferred has been to —V. the year & Western York Ontario • . Utica & Mohawk Cotton .."(Including Account Income the for Mills, Inc.—Earnings— Bleaching Willowville Utica Co 1942 Six Months Ended June 30, Net / 671,450 months "Net income for the six Common stock 65,000 $3.30 a net profit of $150,571, equal to 78 cents a share shares (no par), for the six months ended June 30, 65,000 common ' ! 1942—3 Mos.—1941 Period End. June 30— "Net and 739. June income June 20,'42 June 21,'41 *$486,105 and in t$319,513 __________ charges, Federal income taxes, Net —V. - liability ended .. $0.84 - v , 1942 has been adjusted takes in income such for months 12 in. the House Tax Bill and covers the ' ' taxes. June Oil Wilcox F.) (Hi The 1942, 30, , profit was $598,589, net compared with $851,904 stock in the 12 months ended In Co.- -Offers Interests Gas & ■ has filed with the SEC an offering of undivided par¬ interest in a 2,000-acre Kinert block in Kingman County, unit is one-thousandth undivided interest in the whole company ticipating Each Kansas. block, price is $100'cash per uhit, "or $1,000 for the and block. ,• . to according financing, started operations on that plan of Appleby, Vice-President and Treasurer.' having the whole ,■ has been offering such participating units for 25 years, The company ' c^reed to drill the test well on "the" block to the deepest grown horizon. If it is a failure, all participants lose. If it develops into a producer the company will manage the properties and develop them by drilling additional wells. The participants do riot contribute any additional money after the first purchase. The company takes out of returns from oil the expense of drilling and operating the property, M."" P. Wilcox Mr; 529,283 243,000 the remainder on a pro-rata basis accord¬ 156, p. 1064, ' . dividing then participants ing to holdings.—V. 13,689 $272,594 ■ as 1942 $638,421 137,974 Earnings per share on 129,500 shares common.- profit after charges and taxes-.— 146, p. 290. / 153, p. Period Ended June 30— income $388,054 ; .. depreciation, ♦Net income taxes.—V. 155, for excess profits taxes. tEqual to $1.33 in 1942, $2.03 in $1.03 in 1940 on 240,000 shares of capital stock now out* standing.—V, 155, p. 2191. "Net and profit p. Subs.)—Earnings Earns, ; sh. per on 400,- . $179,053 1 $0.13 ■, and profits excess rates.—V. 156, /f'-ff \•:( 792, dividend A . par $25, 75 Electric Suburban of cents 90 share per Dividend Co.—90-Cent was paid on the common stock, Sept. 25 to holders of record Sept. 17. This compares with paid on June 26, last, and $1.20 on March 27, 1942. Pay- on v cents during 1941 were as follows: March 28, $1; June 27, $1.25, arid Sept/26'and Dee. 26; $1.50 each.—V. 155, p. 2464. - ; ! J' ments ; $0.69 ;;; : $0.45 depreciation and provision for Federal taxes.—V; 155, p. 2192. 'V $0.39 ,000 shs. capital stock ♦Atfer $276,442 » $53,956. $158,411 rf 1942—6 Mos.—1941 1942—3 Mos.—1941 ... in 1942). tRevised. acts, plus a reserve to cover possible increased revenues Worcester $123,287 1941 after income 1942, is based upon the existing 2192. p. West Virginia Coal & Coke Corp. (& Period Ended June 30— State and Federal $532,061 ' $5,644 $18,501 $16,946 ; $22,664 profit 'After Federal excess profits taxes ($981,000 taxes for the 6 months ended June 30, . estimated Federal for provision and depletion for Note—Provision 1942—6 Mos.—1941 11941 1942 6 Months Ended June 30— "Net "After 1942—3 Mos.—1941 , $2.41 ,■ ! ; $607,556 7,767 | and State income and June 15,'40 June 17,'39 *$246,800 1942 and •' 568.- * $311,549 if- (Alan) Wood Steel Co. (& Subs.)—Earnings— 1941 ; taxes— income after all charges and Net 1941 1942 $185,073 $1.43 6 Months Ended June 30— $801,022.—V, 156, p. 440. *' Goodwill Station—Earnings— The WJR, $1.62 ' tax was not assessable. of June 30, 1942, amounted to $2,273,165 including Webster, Eisenlohr, Inc.—Earnings— provision 1941, for Federal rates contained on Kansas Block—,■ $2,692,938 ! 3 Months Ended Aug. 31— $44,324 $84,148 Van Norman Machine Tool Co.—Earnings— "After 1942—:6 Mos.—1941 $400,878 , a share on the common 1941.—V, 155, p. 2288, 30, —V. „ *Net Subs.)—Earnings—r $91,628 $0.10 equal to $1.82 Wauregan-Quinebaug Mills—Earnings depreciation, 24 Weeks Ended— is based For-the 1»42 36, taxes. cash of $883,164 and current liabilities totaled ■ which had been set up in the first quarter of the year. was no necessity in the 1942 quarter for setting up any Federal income and excess profits taxes, the report states, owing to the elimination, and the loss resulting therefrom two years ago, of some real estate holdings of the company.-^-V. 155, p. 2191. v. - $0.12 equal to $1.08 a share on the common stock as profits Current assets Note—There > $0.07 1942—3 Mos.—1941 share. com. foreseeable profits taxes, • 30—" 1..^. per ♦After (& Subs.)—Earnings- Ended pontingencies.....^. Note—Excess and for the six months ended June 30, 1942, after provision of $8,000 for Federal income and excess interest "■After 67,304 $0.07 $186,642 $323,883 $0.38 $0.61 depreciation, interest and Federal income taxes. , profit Earns, " Net profit 1942—6 Mos.—1941 $15,325 $31,783 profit ♦Net ,• Earnings per share on 167,900 shares of capital stock— (& Subs.)—Earnings— Sales Corp, Vadsco ' that period were $3,135,853.—V. 155, p. Net sales for 1941. $94,795 55,918 ! .. Period Ended June " " 1939 " __v_. for $86,610 36,601 ; • 52,235 $0.13 $214,831 _— outstanding (no par)— with ""Compares 1940 contingencies-..;^!.—. Provision for Federal income Earnings per share_—— on Six Months taxes and before Reserve , 155, p. 2288. < ■ sh. common . -sales Profit per $54,734 $80,742 ■ - ■ , White Sewing Machine Corp. (& . " . Earnings $886,281 — Federal and State income taxes. for Provision taxes ' taxes 1942—6 Mos.—1941 ■ • ,1941 1942 Warren Foundry & Pipe Corp. Net before income Net ; •/..■ .1942—3 Mos.—1941 . Fed.; after income —V. 1941 i $747,248 $0.23 $103,620 $0.03 >_*. — $2,330,370 at the end of 1941.—V.: 156, p. 791, 218 ____ 1941' ; $323,529 $1.10 C,-.;',' p. 2288. taxes after . $886,063 operating income— income (net)—.—_—: Other •; 155, ; (The) White Rock Mineral Springs Co.—Earnings— including cash of $266,090; current liabilities, $1,309,431, and net working capital, $3,346,420. This compares with working capital on .Dec, 31, 1941, of. $3,337,873/ .Inventories of $2,984,393 compare with $5,604,832 4,718,769 returns and aIlowances________ Operating & selling expenses (inch depreciation, $90,918)— V. Period Ended June 30— interest, deprec. & Fed. taxes$279,702 $248,220 $199,454 $139,885 Earns, per com. share. $2.75 $2.45 « >; $1.97 $1.38 Net sales were $6,882,059 in the 1942 half year, compared with $6,452,010 in 1941, . Balance sheet as of June 30, 1942, showed current assets of $4,655,profit ] ' Net inc. before Fed. inc. 851, ; ■ sales, less discounts, ■Gross — .V*.-! 6 Mos. Ended June 30— to the New . • Note—Provision 1942 ,, (est.) share common 1/!!, (S.;D.> Warren Co^—Earnings—. Net steam railroad section was sold RR. for $250,000.—V. 156, p. 88. " June indebtedness. (& Subs.)— • ' 1942 Net income after charges and taxes.....$256,360 Earnings per common share^^.^-.—;—$0.85 and 608. 155, p. cents on Jan. 31, Jan. 31, 63 cents; April 156, p. 88.« and 75 6'Months Ended June 30— Sept. 22, the Utica property ~T1 improperty. Earnings— • Ltd.—Earnings— Amulet Mines, Earnings per last, White Dental Manufacturing Co. (S. &.) « ■ .'"'.V! profit after charges and taxes Net 20 its June on were 6 Months Ended June 30— RR.—Dissolution— Commission of New York announced Sept. paid 26, Payments during 1941 were as follows: Earns, r, Wait6 cents 40 (30, 75 cents; July 31, 63 cents, and Oct, 31, 80 cents.—V. this ■ Sept. 25 paid a dividend of 50 cents per share on par $25, to holders of record Sept. 17. This com- on stock, with 1942. ; the pre¬ share.— ' adjourned annual meeting of shareholders held 1063;." ■*.' ;• . for-Federal'income and excess profits taxes for the pares com¬ in company common ' " elected: W. Warren' Humphrey, Edward D. Stair, Augustus E. Staley, Jr., Arthur K. Atkinson, Nat S. Brown, Pierpont V. Davis, Walter S. Franklin, Allen P. Green, James L. Homire, Frank C. Nicodemus, Jr., Norman B. Pitcairn, J. Leonard Replogle, A. Wessel Shapleigh, George H. Sido and Henry Rogers Winthrop.—V. 156, Oct. ($1 registration on the Cleveland Stock Exchange. among other things, that economies might be .effected by delisting and that the over-the-counter market would pro¬ vide adequate trading facilities.—V. 156, p. 872. / ... par) The shares trading the Adjusting for the stock split-up in 1939, earnings 1932-41, inclusive,- averaged $4.64 per share on the directors ',*■ v.» ■1 : Weymouth Light & Power Co.—Pays 50-Cent Div.—• The • " Wabash RR. Co.—Board of Directors— the $632,529 $1.41 > 1 Note—Provision income ,! tl941 1942 $501,661, $1.05 , \-t 1942 period was based on rates adopted by rthe House of Representatives ; (45Ye normal and surtax; 90'/< excess profits taxi and included in the second quarter necessary adjustment for the six months taxes.—V. 155, _P. 2192. • the smaller so-called "coal roads," the Virginian dividends in each year of the depression 872. p. following that a hearing has been set for to withdraw its common stock Sept. 22 SEC announced the on years ' » ....I- ; Net Upson-Walton Co.—Delisting Hearing— The of number The substantially. ferred. At 15 10 ' 353,132 common shares. on V .. (& Subs.)— Earns. ♦After charges and Federal income and excess profits taxes. , v & Barney saving in fixed charges is equivalent to about $1 a share on Last year's earnings were equivalent to $5.87 per par no subsequently. the for dividend of 40 cents per share on the payable Sept. 30 to holders of record Sept. 23. A! like amount was paid on June 30, last, as compared with 25 cents on March 31, 1942. Payments during 1941 were as follows; March 31, June 30 and Sept. 30, 40 cents each, and Dec. 22, directors have down of one 155, p. 2376. t Adjusted. i wide coverage of shown $501,896 $7,161,655, to Chlorine Products Corp. ♦Net profit Earnings- per. share preferred, or more than three times the annual cumulative dividend rate. During the 10-year period the road's fixed charges have been reduced by about $1,000,000 and now are below $2,500,000. The Inc.—40-Cent Dividend— Universal Products Co., The common scaled be to & Beane, Smith, Fenner prising the block compared with a total volume of security since the first of the year of 27,900 shares. reserves • including $1,465,813 cash and and• current liabilities 1942, 30, 6 Months Ended June 30— Shields & Co., Blyth & Co., Inc., First Peabody & Co., Mellon Securities Corp., Merrill Kidder, Pierce, June amounted 1941.—V. Westvaco , Co,; and Spencer Trask & Co. ." ■ ' .; '* ' The block, one of the largest to be distributed after the close of trading on the Exchanges, was actually absorbed before it was announced, the books being kept open for half an hour only to comply with the requirement of the Stock Exchange. As a result allotments payable July 1, 1942, $120,492; for Federal income taxes, dividends, Liabilities—Preferred accounts Corp., Lynch, S. Treasury U, S. Treasury tax notes, $273,900; other U. bonds, $150,000; accounts and notes receivable, $4,663,414; of tobacco, $3,241,585; Spanish Bank deposit, $315,302; ties, $573,182; and of as securities, in $2,450,747 v besides included Coast, Boston $482,188 125,374 152,000 114,105 930,000 comprised 38 firms, from New York to the Pacific The offering group " securi¬ assets marketable (par $25), offered for¬ preferred stock According to Shields & Co., the demand could have ab¬ sorbed several times the number of shares offered. ■; ■■ 1942 30, $3,221,177; marketable hand, on v . Sheet, Balance Consolidated 197,143 2,653,000 9 $5,404,403.. These, compare with cash and' marketable 'securities of $637,218, current assets of "$4,075,677 and current liabilities of $1,372,981 on June 30, 1941. Inventories were $3,931,979 in 1942 against preferred stock as distinguished from common stocks which have predominated among secondary- offerings. $57,200 for surtax 12,416 $779,270 t were mentary on the secondary distribution of a highly-rated $7.09 17,358 1? —$358,218 profit Current v ; ■. ception accorded it at the fixed price of 28 Vs less $1 discount to dealers proved to be an interesting com¬ 499,612 798,825 declared excess . • mally after the close of the market Sept. 21. The block consisted of 59,100 shares sold for an estate and the re¬ ■(•Includes liquidation of investment in affiliate and subsidiary. (Revenue Bill in 1941— proposed). flncludes $1,759 value excess profits tax (to Dec< 31, 1941). There is no "Or $1.00 Virginian Ry.—Secondary Offering of Preferred Stock & Co. announced heavy oversubscription of $1,529,238 485,386 726.205 $1,520,044 492,556 726,205 dividends Preferred $155,455 156,001 $0.46 — the block of 6% 252.270 $1,445,009 488,380 726,205 $1,378,983 Net Income Earns, ,25,399 1434.763 __— for Fed. inc. taxes Com. 7,144 fund share per Net $766,854 Earns, per common share $2.23 $3.00 $3-12 ♦Inpiudes $548,000 for increase in taxes anticipated under, pending legislation. ' •' ; —Shields stock sinking in 207,300 $94,599 outstanding-^!—^!.,.,,.,.-. stock of —v. 156, p. 791. $1,880,630 ______ pfd. on 665,000 ____ profit Earnings $1,185,717 694,912 _______ income Depreciation Premium $1,475,179 $1,072,649 536,092, 861,314 $1,786,518 profits Gross profits taxes excess 1940 , $1,526,293 etc.... amortization, Fed.( inc. & excess, profits taxes..; ; $1,310,957 466,365 310,910 , $1,508,935 23,207, , Depreciation, 1941 1942 1941 >, $3,208,361 income Total ; . . 1942 $3,185,i54 expenses_:r„._>.L;:j_'„'; ...Other,, income 759,599 and after Profit . taxes Federal income Shares Prov. , (Including subsidiary) 6 Mos. Ended June 30— • Corp.—Earnings— before Profit $33;688,240 $22,709,612 $33,907,890 $21,676,069 31,901,722 21,234,433 32,835,241 20,490,351 ________ sales of dep. $2.13 $2,236,274 1939 1940 1941 1942 income Other 1641 $740,974 $3.70 6 Months Ended June 30— Subs.)—Earnings Ended June 30 Consolidated Income Account for Year cost and taxes • Universal Leaf Tobacco Co., Inc. (& Gross 1942 $426,303 8— Earnings per share on 200,000 common shares_ 1942-1943.—V. 156, for production "schedule its 32 Weeks Ended Aug. Net income after all charges 967. on Weston Electrical Instrument Corp.—Earnings— Veeder-Root, Inc.—Earnings— $992,530 in Chairman, compared with profit similarly computed of period a year ago. J. Cheever Cowdin, as corresponding the pointed out that Universal's gross revenues, both in this country and abroad, are continuing in satisfactory volume and that the initial releases of the new season have been favorably received. The company Monday, September 28, 1942 • Worthington Pump & Machinery Corp.- -EarningsVanadium Corp. of America ! 6 Mos. End. June 30— Net sales and Costs . and Depreciation 1942 __ depletion—. ) 1941 1940 $6,948,640 $5,109,884 j5,133,244 3,501,636 380,161 316,508 1 expenses _ Western Air Lines, Inc.—Earnings- $8,016,004 — — (& Subs.) —Earnings— ' 6,645,798 ^ chgs. ^$93,190 taxes- Earnings share per Other income Interest, —V for income ' — $1,435,235 26,197 $1,291,740 18,545 $1,400,142 —;—, etc. Provision Fed. $1,370,206 29,936 ___ income Total * profit $1,461,432 $1,310,285 82,670 excesS| profits taxes 1,045,000 285,000 Net $152,598 "$0.37 profit Note—The in the $703,762 "$1.73 $916,690 t$2.43 1942 represents 1942, calculated at the rates pro¬ proposed 1942 Revenue Act as passed by the Current assets as of June 30, House on 1942 equiva¬ 1942, amounted to $8,624,019, including $1,311,629; current liabilities were $4,200,915, while inventories to $5,796,968. As of June 30, 1941, current assets totaled amounted $8,542,896, ! / ■ (And domestic subsidiaries) ^ 1942 6 Mos. Ended June 30— 1941. . . " * " 1939. 1940 profit after chgs. & Federal income Earns, per common "After reserve based 310 $3.96 sh,_. 45% of normal on $1,078,922 $2.95 $1,309,858 $3.86 for Federal income and excess rates on *$1,388,877 taxes t$95,164 Nil profits taxes of $5,379,- income and 87.5% on excess tLoss.—V. 156, p. 264. profits. Westinghouse Air Brake Co.—Earnings— domestic (Including "Net subsidiaries) profit ... "After 3,172,110 shs. of capital stock depreciation and provision for Federal 1942 $800,295 $0.25 income (. and (Rudolph) Wurlitzer Co. (& Subs.)—Earnings— A 11941 j $1,561,389 $0.49 excess profits taxes of $2,649,849 in 1942.—V. 155, p. 2104. 3 Mos. Ended June 30— "Net per "After 1942 $58,280 profit Earns, sh. common depreciation, $0.09 interest, 1941 . $220,664 $0.48 Federal and State 1940 $73,107 $0.13 income —V. 156, p. 88. 19391 $156,870 $0.33 taxes, etc. • provision for Federal taxes on income in July 20, 1942, and based on annual earnings for the year lent to twice the earnings for the first six months. cash of Nil Quarter Ended June 30— tOn 377,139 common shares. one-half of estimated taxes for year vided $0.19 154, p. 1104. Earns, per sh. on Earnings per share — ♦On 405,706 common shares. *$59,333 Nil $0.23 108,595 675,000 52,544 contingencies—-—150,000 & "Loss.—V. $990 $78,600 on 409,954 shares Operating ,• Net after Income and 1942—6 Mos.—1941 1942—3 Mos.—1941 period Ended June 30— Net t including cash $2,274,168 and inventories of $3,272,514, while current liabilities were aggregated $3,897,366.—V. 156, p. 704. AVcstinghouse Building, N. Y. City—Bonds Called— of first mortgage bonds secured by trust mort¬ Broadway Corp. have been called for redemptipn Oct. 1, 1942, at par and interest/ Payment will be made at the Conti¬ nental Bank & Trust Co., trustee, 30 Broad St., N. Y. City. This notice was given pursuant to the plan of readjustment declared A Zonite Products Corp.—Earnings— total of $27,633.33 gage made operative owner. dated by 150 March The Feb. 29, bonds 27, 1934, are 1923.—V. by issued 155, p. Springsley under 1320. and Corp., the present secured by trust mortgage Realty . (Including Period Ended June 30— ♦Net profit Earns, per common sh._ "After depreciation $ Including for future Canadian Subsidiary Only) 1942—3 Mos.—11941 *$65,617 $0.08 *$18,380 $0.02 , ^ 1942—6 Mos.—11941 $100,025 $0.12 $70,282 $0.08 and Federal taxes, tlncluding British subsidiary. ($30,000 in 1941) recovery of portion of reserve a $42,270 advertising.—V. 155, p, 2192, •