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BUS. ADM. SEP 2 9 1947 LIBRARY -a-vi «> MONDAY Reg. U. S. Pat. Office Volume 166 Number 4633 New York, N. Y., Monday, September 29, 1947 Price 75 Cents a Copy the lattery's and Investment News RAILROAD ABC Vending Corp. PUBLIC - INDUSTRIAL Common Stock Offered—Rey^- — tiolds & Co. chased more than 7% supplier, on Sept. 23 offered 145,000 shares of common ($1 par) at $7.50 per share. Of the total 120,000 shares are being sold by stockholders and 25,000 shares are being sold by the company. In addition 20,134 shares are to be specially sold to A. J, Morris for services at $3,775 per share. LISTING—Company Co. to its use the on New Transfer tion New has The Agents: to City, Y. N. Co., New York, Registrar: Bank & formed in Delaware in brand-name candies and other Candy," located are in companies the drinks, in and more the and also and automatic other tobacco others as communities Columbia. of companies Co. Candy and its Corp. other of companies , two to be arid 120,000-shares of stockholders offered arc stock common for their individual the f«id plan becomes stockholders effective. the on Such basis of shares were The " CAPITALIZATION—Upon organization, will be and the follows; as summation sale of of 45,134 the : the 5% cumul. preferred stock ($1 stock ($25 par) par) "Including 120,000 shares registered for and 45,134 shares BUSINESS—The registered principal purchasing,- storing dise and servicing the sale the most Popcorn and for sale issuance operations and of the following ch&ndise sold .. analysis an the the ■ of met'sales the Sanitary 50% by types in of the The —1946—— to Cigarettes and cosmetics and >„• those Drinks, Soft The bined sold -V management net principally classified i sales at above ' effected -758,183 ing * 5% ^principally the On Confections, V. .. the be wiir Gun), and Net that the channels through for the calendar year were by automatic vending machines. and Fed. -the consolidation. stock the statutory Pack "Shops as of . .-v..., . ' consolidation; wholly-owned y ancf exchange Bell Telephone: HAnover 2-2600 ■ for shares K .•«* v •* 4 +i, >&■' 39,057 $1,098,781 $388,994 $1,425,029 % $838,672 62,145 18,030 $1,487,776 3,445 % $856,703 . 3,445 income-- 410,228 income 27,208 on 3,059 . 544,045 27,208 133.817 ' —V 320,5jB9 ! 11,699 , V $661,344-- ... $251,732- ..$913,076 $521,384 » Electric stock common under - of the were the - plan, making the total Berlo participation similarly, deposited all of the outstanding shares under issued in the the other U;:X' 1] York, Transfer that companies 100% of of such the Sanitary shares will be plan, 439,840 shares of ABC's acquisition of Berlo and 217,798 Group. deposited common shares York Stock Exchange the York stock Baltimore Stock Exchange— sale of class of of of be to shares covering share will sale proceeds 31,840 warrants shares of . derived by the corporation from stock (subject to commitment additional shares, after deduction of estimatefcexpenses The net the shares sold, are will are sold. offered now the net $100,000 proceeds will be be is to to pay connection to no $114,495, The are used in proceeds 26,940 shares for which there which . . be common 10,000. the $126,468. or purposes be used, total a fas so are as bank current with such the corporation from commitment, providing of $240,963, if determinable,, as follows: loans. # BUSINESS—Corporation of electrical and is electronic engaged the in manufacture and sale transformers, fluorescent ballasts, reactors, battery chargers and miscellaneous electrical equipment such as spark plug testers, ozonators and rectifiers. Main plant, which is owned, is located at.Cuba,, N. Y„ and a smaller, plant, which is leased, is located at Allegany, N." Y* ' * ' ,: ■<" „24 . —33 The Machine by Acme Electric 34 business —34 from the present "1946, 34 by —35 _„36 its sale 38 principal of the until Cleveland, May the under of Acme name succeeded was which the name 1946. In 1937 the business Cuba, N. - Y., and on June 1, to to the business conducted corporation. activity transformers under company (Ohio) 31, Ohio, 1917 in original corporation .succeeded (Ohio) prececessor The Ohio Manufacturing Co. conducted was In 1919 In Co. & moved was —35 • - the corporation Is. the manufacture and fluorescent ballasts., There are two prin¬ and cipal" types of transformers: (a) tho?e used in the field of heavy electrical engineering for the transmission of power in large quantities, and., (b) those used in light electrical engineering, which involves connect'on with electrical and electronic circuits. It is in the secpnd field, i.e., light electrical engineering, that the corporation has spe¬ __1 —36 Exchange___^ was'founded business Electric" & 33 Montreal Stock Exchange. Montreal Curb Exchange— Toronto Stock Exchange —36 cialized 37 the —38 in the —39 of development inception of concentrated quality Toronto Stock Exchange—Curb Section— —41 Over-the-Counter Markets 42 ap¬ the in of PURPOSE—Net the —29 i St. Louis Stock Exchange— San Francisco Stock com¬ of (2) The remainder will be added to working capital to finance the .carrying of larger accounts receivable and work in process. Philadelphia Stock Exchange— Pittsburgh Stock Exchange L.. . corporation. result . thereof —13 Boston Stock Exchange:—i——— Chicago Stock Exchange—--— Cincinnati Stock Exchange„i_ - York a corporation's stock shares all — As preferred stock and 201,120" shares of its exchange for- their 2,000 shares of preferred stock, A stock and 2,570 shares of. class B stock in the predecessor corporation. ' 10,000 all (Stocks)- the'New voluntary plan of exchange and corporation. common and f«ra« Stock Exchange (Bonds) New York. Curb Exchange^—— of This was accomplished reorganization of the prede¬ plan/ all the stockholders predecessor corporation, consisting of 204 preferred stock¬ and 167 common stockholder. received 2,000 shares of the a holders New the on a rather and business than of manufacture of transformers.. From and its predecessors have the corporation quality line of products price and alone. competed on basis a - . • r CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING — Transactions New .York Stock Exchange- —24 Transactions New York Curb Exchange Stock and Bond Averages , •Warrants °To A \ ; nuriiber at 1949, , of of the and of $6.50 $6 total'of a and The. 10,000 'firfn • the Foreign Exchange Rates.,—,———„___41 stock . • . of common reserved thereafter, but / - and- warrants be shares of com¬ exercised on or before exercised if - if May 15,"T950. will 10,000 stock to on or » underwriters the from the purchase to pur¬ corporation an additional to date ^tpck from the corporation will beebme date, "subject "to certain rights granted to their obligations at any time prior-to reason of any of certain adverse changes cancel by in the- affairs • of the corporation. No firm commitment purchase any of the 61,623 shares of common stock subject option froriv the corpOratibn and the selling stockholders. exists ~ to to Subject on the .. iat \ (at to all From $4.25 ? the terms, commitment purchase Teletype: NY, 1-573 ; r expiring common underwriters settlement share per ' shares the; commitment on stock common aggregating 10,000 " occuring .„ .Reserve Batiks.,—^—1.———————_4i Condition Statement of Member Banks of ^ Federal Reserve System——.—— 44 61,623 of 2,000 shs. 260,000 shs. 10,000 commitments. of selling. stockholders shares of share per 15, "1950. , chase ' common shares warrants price a Outstanding 2,000 shs. 400,000 shs. UNDERWRITING/-The Combined Condition Statement of Federal ' 15, Authorized . — s—L—v exercise before" May :. the _ — stock May General Corporation & Investment News-Cover State and City Bond Offerings——— —51 Redemption Calls and Sinking Fund Notices_44 j par)-, underwriters to. purchase the mon . ($100 ($1 par)-- sufficient for Payable——4-—44 stock Common stock —24 The Course of Bank Clearings—43 Dividends Declared and ; . 5%'preferred 24 . ■ $349,936 23,088 income for period cessor "4. M »• % agreement under arid assumption New u » v » . 6Mos. End. the New York ; v , 1946- 1 Sanitary,of Page . NEW YORK 4, N. Y. common I:. HISTORY—Corporation Wi;:trfganize4 30- 1948; "ill New York to take over substantially riii ' the asset/, and all the liabilities of fcompany (*'ABC")I by their holdings in those 1 its predecessar,- Acme" Electric Manufacturing Co. '(Ohio), in- ex¬ of ABC's common stock, ! ? change for 2,000 shares of preferred stock and 201,120 shares "of fattsfei*- to . Be/io (1) MUNICIPAL DEPARTMENT \ Dec.4l, Sanitary " Grcupr Registrar; Marine Midland Trust Co.y of,New Agentr Corporation Trust Co^New York. - Slock and Bond Quotations Municipal Bonds ' the 25,000.. and 64,366 shares by certain stockholders.% _^ for FLORIDA & NEW JERSEY Established 1922 of is Corp., Cuba," N. Y.—Stock' Offered— Herrick, Waddell & Co., Inc., on Sept., 25 offered 123,246 shares of common stock (par $1) at $5 per shape. Of the offering 58,880 shares are being sold by the corporation SPECIALIST IN STREET shares hereunder $1,075,693 . on Acme Miscellaneous Features 80 BROAD number Of company expense taxes Net ne¬ that " severally company - Inter- pur- ■H company1 the Combined - June'30,'47 $7,714,463 $21,089,067 $12,260,989 6,910,006 ' 3,804,765 " 10,714,771 6.342,455 5,388,903 " 3,559,762 8.948,665 5,079,861 ■ taxes State Interstate, .... In Thin represented wholesale merchandising. oAllen & Compan y total the 'Group ' $13,374,603 sales— on income Interest the The remain¬ Purchasing of almost all merchandise is conducted!, by direct with the manufacturers and producers It isi believed none of the past five years have any of the companies " . sold.:--- • . Cleveland Stock Exchange— during "V Total of and Certain which 1946 by adm, exps. & profit offering) " . The sold — goods gen. pro,,rata addi¬ '" . of Other of be 2.2 in be to sales . plan and- there will 100.0% are from : . Detroit Stock Exchange.,.-* Los Angeles Stock Exchange—— gotiation f Net Pack Shops and to. Sanitary in exchange "stockholders, .respective of in close the will .5 $20,503,443 fountain-luncheonettes under the issued in the acquisition of Sanitary (as enlarged by its own prior- acquisitions),, both Berlo and Sanitary becoming Wholly-owned proximate 50% over-th-counter (including candy stands, news-stands, popcorn, cabinets, fountain-luncheonettes, restaurant, drug store and miscellaneous), and 45% and . 3.7 > 129,870 . estimates were -- 3.9 449,479 ——4 drinks to step exchange 4.2 784,190 sundries— Total •Soft tion . outstanding-'stock — companies Sanitary 85,5% _L—_-I tobacco, .Newspapers and periodicals,—. •Food, soft drinks and ice cream Drugs, next 100% ; of Percent 857,417 that underwriter, purchase " 1 $17,524,304 stock. common agreed - business on Sept. 19, 1947, there were deposited 3,098 shares (96.8%) of Berlo's outstanding capital stock, and 102 additional shares were subject to the holder's : , and certain soft drinks;— gum 1 •. as~the- surviving -corporation--after - -stockholders fiscal Amount Confections, taken of -Sanitary's -new .common..stock; of mer- provides the to will Berlo . Group) 1946: year . and are lexcludiing within ended vears is which sell —Year Ended outsl&uding debentures at their principal amount -of $47,224.$t pJus^ accrued interest; and will then, have no securities outstanding exoeptvits-n?w- common stock//: ^ >' grouped about the larger centers of machines, candy stands, news-stands, etc. ' are accessible to large numbers of people,-resulting generally in a. high volume of sales per unit. The companies managements are con¬ stantly engaged in surveying localities to place equipment Jn locations ' readily accessible to larger segments of the> buying public. >: The of stock common the underwriter COMBINED INCOME STATEMENT merchan¬ , of , stockholders at $6.50 per share an aggregate of 145,000 „ ' consist other . companies'' outlets population where vending stocky subsidiaries. the numerous vending machines and stands - at outlets hereinafter described. : As indicated below,, by far important sale volume is in confections, gum arid soft drinks. is an ..item of growing importance. The stock *702,772 shs. companies and shares its stockholders, will and * Cost and Schenectady - by virtue, Sanitary' will""have"'Pacific"arid and. At of None shares 657,638 Co., New York- as-underwriter, "ha$ agreement with the company and wi«\ underwriting of not Jointly, Sell., by selling .stockholders, sale by the company. transporting confections taken, been h'avtf been Criterion two Outstanding 20,000 shs. have these steps under capitalization 1,000,000 shs,> ^ but an selling and the selling of Sanitary in place of "the various" securities previously held by them; Sanitary, will be the siicces'sor to the'" assets arid "business of the . Authorized Common plan company's of & , exchanged 'shares new the finding directing all/the stockholders of Sanitary," Pack Shops, state, Criterion, Schenectady and" Pacific "will* hold new common /' allocated of V ; total a ^ net proceeds to the company from the sale of shares offered estimated at approximately $231,500, will be applied as follows: expenses, $150,000; general corporate purposes, $81,500; $231,500. ' Sanitary will" pay" off Organization total. amended as , steps Transfer-oT-alhV the continue By - and "no approximately #£.34 jter share for 602,998 shares, and approximately $8.42 per share for 54,640 shares. The purpose of their offering is to distribute a sufficient amount of common stock to permit the creation of a public market therefor. by it, organization of into holders Consolidation, under the New York Stock Corporation Law, Interstate,--Ciiterrob" andv Schenectardy into • Sanitary which will of offered by the ABC of valuation a steps "(c) Automatic of the proceeds therefrom will be received by the company.; The offered by them are a portion, approximately 18.2%, of the aggregate shares which they will receive from the' company in ex¬ change for their stockholdings in Berlo and the Sanitary Group when preliminary - shares to entered and board for. shares ... part ; for . certain approximately adopted V resolution ordering the plan to be carried out. the plan provides for the following preliminary steps: Pachic; by...thai*- " ;of sold accounts purchased companies. the class-of-common (b) it. Certain outstanding* stock at this time, now ABC , (a) Recapitalization of Sanitary-so that its presently outstanding preferred, class A and class B" stocks will be reclassified into, a acquired ' by wholly 50%i -Group,.'t- have" which' will not be acquired each of requisite general single by magazines, Sanitary preliminary plan. necessary directors In principal groups;'Berlo Vend¬ subsidiaries all The , of products, newspapers, more fully described hereinafter.. "Sanitary * 50% PURPOSE—The selling into wholly-ownedi and companies, Interests divided are of Group 30 ORGANIZATION—The plan consummation 1947, states items 80% Sanitary confection, supplies from OF of stock. UNDERWRITER—Reynolds . "America's 26 The the subsidiaries common the year 1946 the Berlo its confection supplies from Corp., vending machines which of public assembly. • The places populous District of include novelties by that one \., . . The ing and theatres States companies soft stands operate United the at confections under the slogan approximately and any MISCELLANEOUS - during Criterion Concessions, Inc., Pacific Automatic Candy Corp.;, Schenectady Pack Shops, Inc., and Pack Shops of Connecticut, Inc.; and if the board of directors, of-the company shall adopt a resolution Trust January, the '■> that 4, 1947 provides that it will become effective if there shall be deposited thereunder more than 80% of the outstanding capital stock of Berlo and all of * the outstanding shares of each class of stock of Sanitary Automatic Candy Corp.. Interstate Automatic Candy that was its of merchandise requirements from by. cost. estimate Sept. purpose of acquiring the ownership and control of vending businesses presently conducted by various companies. The two major enterprises to be acquired by the company conduct vending businesses which have been under their present managements for approximately 20 years. The principal business of these companies is the sale of Best companies PLAN and Corpora¬ Chemical purchased v the request of Reynolds & the listing of the common stock Manufacturers Trust Co., Jersey York, N. Y. 75 70% upon procure managements Group Exchange. COMPANY—Company for agreed efforts Curb Trust Co., best York of their measured as * stock INSURANCE - per ;'. , conditions date, the (and, not, part) the corporation, share, • ; . . and > - a and provisions underwriters of the total warrants are of the severally agreement, obligated to following: of to 31.940 shares,of purchase In the ; t * i.. i-f common stock aggregate'*'an i 11'; I s i i : •. i - ■A (1250) 1 -. for such warrants. Other . sare as ,inA_ . commitments, and "The State Co.* Investment — :— 10,000 '430 — 6,000 Tattersall & Co. :—4 3,000 Amott, Baker & Co., Inc.—— 2,500 lteed, Lear & Co.—* 2,000 "'jlohawk Valley Investing Co., Inc.... j 2,000 George R. Cooley & Co., inc.^.-^--,----^-,—-COMPARATIVE INCOME STATEMENT .jBEall, Electric & Jan. 1 ,to May to June 30, Operating 4,061,081 450,381 401,099 417,949 $427,485 $192,399 '68,858 $813,874 $597,634 profit —/ Total income — Other deductions assets - V. 163, » 73,005 Divioenus ——— Int., diva, from hcs. other thhh Subs., misc.tipc., jess misc. thbrges Pro.it $151,196 Total income 1344 Total ,T income r $2,938,604 -T-f-f-;- . & foreign iProv. for Fed. - - 618,108 14,177 Co.—New Director— : c Barclay Robinson, a member of the law firm oi Robinson, Robinson >#'*ind Cole in Hartford, Conn., on Sept. 12 was elected a director of this company, the Aetna Casualty, & Surety Co., and the Automobile 3fnsurance CO:, to succeed Edward M. Day, who died, on May; 2. Mr. Robinson, is-also a director of,.the. Standard Fire Insurance Go., the First National Bank of Hartford and the Billings & Spencer p.' 165, Co.—V. Net , 1445." CoDsok vnet, income___ cum. Coilv. pfd. div.. ' .,. Earns, shr. per .com. 112,560 Sept. 15. 871,487 U. 989,512 980,503 $0.57$1.39 $1.48 estimated renegotiation refunds of war con¬ . The - Interest . 1947 30, JUNE ENDED - - ihcqme, ; ,, Profit 413. 1 Alden Wonderall Co/, St. Louis for for ■ .... Sept 8 ; with ... •. • ■- • • (par .... The *Net profit Com. shares lEarns. share com, per Federal *After ments.—V. - $0.37. ' income . i $3.01 -< The common Oct. V. 15 Oct. On ^tvill have directors The * . be 165, stock to 10, each for common, a share held. of has total, $1,963,492; The distribution stockholders of record Oct. the usual quarterly cash dividend paid on 2406. the common stock to will ; made " to increase date a be to to $33 share^the a after fixed used Hallgarten & Co., York. New Proceeds Light's 'American Pipe Line-Cor ^ Logan,..representing G, A Declare Increase price it ♦, 1617 be ' $25 share in '• - ' a i two future This . ' would .... add the pipe and should requirements.—V. 162, p. $8 . / . - , '■••• " any .new must plan goes J. Sept. 30, 1947. agent of the corporation.. will receive any tenders made- City, but where a share fractional payment in place of it/wlIL in the case of American exchange, of $38 per share a that company an would stockholders' common independent go & Dye , Into the Overseas ] ; ' activities 'op¬ group, ' Pa.—V. 3, Inc. Co., 1041. 166, p. Common — proposed , Stock to be "If hot, J * p. 1145. the- oy i .. . of of ... stocks of Community Water Service, . " •' * Works. & Electric Co., Inc.* sha.re-for-share. basis. Any shares not taken be purchased by - the. underwriters. See also a will .... Electric Co., Inc.—Output— of the electric properties of Sept. 20, 1947 totaled 99,446,000 output Common Share in incrdasfen of i'" Smelting Co.—Earned 38 Cerits Second Quarter— •'•!' ' ' ended June 3®, 1947,- the company earned/. share, as compared with one cent per common the /corresponding period last year. Through error, these two per in common, appeared in the wrong columns 166, • an correspondihg/weelc three/ months the cento V. ^ kwh., M American Zinc, Lead & share this company Iqr, the- 89,845,200 kwh. for the the output of of 1946.—V. 166, p. 1146. over figures 1042. p. L . / J in our issue of Sept. 15] Se? „ . Anaconda Wire & Cable Co.—Earnings— - *. ,* *,1947, 1946 1945 194$ $4,638,251 $378,949 $533,946 $698,$741 ,• fEarnings per share-*— $10.99 $1.37 $1.27 ' $1!.6<S j "After air charges, including provision for Federal income taxes and contingencies. tOn 421,981 shares of outstanding capital stock.— I to put ; for sale Sept. 25 „ 1146. ended 10.70 % 38 %3 Mos. *Net , tend. June 30— income V. 166, the Whole i up associates and one received at the sale, offered a price 2,687,069 shares, less an underwriting commission be]on will p. Povver week For permitted Corp. Boston only . stockholders 168, - I Airlines, Inc.—New 166, for ' : , public holders of preferred to per line ' pipe ; ' / going line," in Scandinavia.—V. Works American Water Works & p. 257. Products, Inc.—Rights to Stockholders— Anchor Post ; Appointment Joseph D. Ryle has been appointed European/director of public' reratfonl/'it is announced by Beh Wrrght,. (director.,.of publlo>felations.^ • Mr. Ryle succeeds W. Holden White, who is resi&n'nS becahse health, :// .'/... ..";:dui ' A :.••'? j i Mr. Ryle previously organized American Overseas Airlines' public -relations Number of Offices; and Ohio Cities Water Corp, offering to holders, of. .American Co. by j Mr. Dern said. out the window."—V. 166, p. 1041. American a . a. common board should deter¬ _ ' share and ■ line financing program were in. fact an entirety new be treated ns such, and not" as 'a modification1 of into-tha .pipe Blvd.] Philadelphia Water & Co. and Tile First issue of common Stock put new , issues,.. : if American Light is Corp.—Moves share., /. . "The new stock will first be offered for.Qash at $8 a share to com¬ mon stockholders of. American Water Works & Electric Co., Inc.* also sought to delay consideration of Amier- know Viscose Langley the a ■ . t for •- N. issued, be the the rate on Jersey from cents 50 V. Dern, $25,000,000 ... 2009.' ." at The - raise company will offer rights to at the rate of one share for another 100,000 shares to-the remaining 200,000 authorized shares would remain unissued under for company. Their bid/the reorganization. plan. pending "We . of will shares called in cash C. won proposal-to ptit $25,000,0OO Of Cash into "Michigan-Wis¬ Line without serving hotice on all interested parties. Cook, counsel for Allied, argued the amendments covering: > held. amount outstanding. The , shares Bank National Pennsylvania W. , counsel for American Light, said the company wanted to-expedite the proceedings by ptftting the amehdrrfcjrts 1n now. He added the amendments merely implemented the plan and did not will be an increase in capitalization from 100,000 shares to' 500,000 shares of no par common stock. If ♦his increase is approved, Mr. Hater said, the directors plan a 100%. atock dividend, which would increase the amount of outstanding each Light,. and the Chemical A. John - Following approval of the above, the atockholders to subscribe to new shares Power & Light Co., 35 would be exchanged for each share of cash Awarded— retire¬ Pipe part of the 100% 200,000. in expires at 3 p.m. (EST) American Light's Alfred special meeting of stockholders will be held some time in October a capital expansion program, H, J. Hater, President, to holders of to the _ to pay ; Allied consin authorize announced on Sept. 23. The first step in the program ahares whether plan Capitalization and Stock Dividend—Rights to Be Issued— to exchange options two Thb offer would ,'•• covering part of the financing of its pipe lines] ineluding purchase' of $25,000,000 Of common stock Of the. new Michigan- ican for additional working capital.- Plans fo will offered corporation on Sept, 19 began moving several of Its principal Wilmington, Del., to the Broad Street Station Building at This Light mine Aluminum Industries, Inc.—Files with SEC— company on Sept. 17 filed a letter of notification with the SEC for 2,295 shares (no par) common stock to be offered at $25.50 per Underwriter, . Wilmington to Philadelphia— offices the SEC approves venture. The share. be 1 iatest offer7 however, ran into'opposition from a group of com¬ stockholders..—They also objected to other amendments filed! by patent,' United •• ■ $43,620,430; surplus (substan¬ total, $243,769,276- $31,457,254; shares Of American Gas & Electric Co., common and $6 fractional made /' j — payment of $33 a share to the preferred when the ch^ter provides a liquidating price of $25. He said such a payment would '-* require a vote of stockholders on a change in.company's charter.', provisions, and. that the parent United Light should not be permitted to participate in such a vote. He also argued American Light should be segregated from 1 its of 25 cents per share of record Sept. 29.— holders salaries: " $23,668,290; payable, B one-half shaie of American stock American senior stock. Wisconsin ' 3. p. sub¬ exchanged for each share of preference stock tendered. be option From The mon share be than other $36,- ' Traction Co.—Offer for Preferred offered from days American require¬ additional one materials . - option A l'/a First No be . J.'ght & received dn be to Stock Distribution— distribution purchase' Superpower Corp.—Makes Exchange Offers Exchange would * *) retire it's outstanding preferred stock. 30 the Arthur declared surplusi, earned Place, Jersey City, under the above exchange offers. posed Inc.—100% Industries, Is corporation has The offer . 1717. 165, p. Allen companies 1193. would, One - 355,181 dividend preferred fAfter taxes. sale, tneir preference stock tendered. The /higher 1,085,270 2,068,027 355,181 $5.35 drafts and (2,191 669 ho par shales), which p. Under ■'* ■ l' offer on the preferred was contained in an amendment to ^its-plan-before the~ SEC. Other parts qf the amendment call for the company ~to purchase, at "per value of $14 A share 285,714 shares of ;.thq,:subsidiary,, Michigan /Consolidated Gas -CO./; and for ' the top parent, United Light & Railways Co., to offer its common stockholders the right to~ purchase mrt'*iess^ than 500,000 share's of commbn Stock of American Light-whiclr the parent owns. ■ t i United-.Light alsg_agree_s_within two years after the plan to dispose* of its entire interest in American Light and in. stocks of comp&rties of ment ——12 Mos. Ended—— 767,717 355,181 ' $2.11 of preferred _ surplus, earned 153. p. the, company's reorganization plan. American-Light Originally had offered June 28/46 June 27/47 June 355,181 for preference stock. stock share . 212,963 —— outstdg • stock all Under 1947 ' JUNE 30, contracts existing on concentrates, etc., received for not settled for $3,690,203; but accrued, $1,115,497; due to subsidiaries not consolidated., dividends payable and Unclaimed, $2,033,600; taxes accrued, 164, The its ; SHEET,, '■ company extend'for 28/46 $35,752,814 $30,155,704 $75,708,279 $56,995,767 Sales $2,882,092; 166, will pa.V' to ; '80,000 shs 6 Mos. Ended June 27/47 Period— BALANCE / , $3,596,041; surplus, ; Aldens, Inc.—Earnings— . $0.55 a common or I Stock Raised to $33 a Share ' ' basis, , American Outstanding Authorized ' ' —__ oil'ores, toll 'LIABILITIES—Notes payable to banks and others, $10,395,000; acGas & Electr.c Co., common stock or $100 per share in the case of American Power & Light Co., $5 preferred stock. ' payable and accruals, $292,648; dividends on cumulative preferThe corporation owns 21,500 shares of the common stock of Amen— stock/ payable July 1, 1947, $56,781; debentures redeemable,on can Gas & Electric Co.. and 5,000 shares of the $5 preferred stock cf Dec. 1, 1947, $500,000; thrifts accounts—principally officers and American Power & Light Co.. ' : .» employees, $190,293;. taxes payable and accrued (est.), $1,505,441; The asset value at the close of business on Sept. 16, 1947 of thev deferred credit—unearned discount, $135,806; , 10-year 2'/2% sinking" fund • debentures due Dec. 1. 195<v $9.500 000;' subordinated 3'/»„ corporation's preference stock, was approximately $67.50 per share, based on market prices of the securities owned, but without any de¬ debentures due Dec. 1, 1957, $3,000,000; 5% convertible preference duction for the cost of Selling ^uch.-securities.-4-V. stock —($25 - par),- $4,543,175; common stock ($1 parri,- $1,Ojo,268; 166, p. 1146. ■ 80,000 0hs. PURPOSE—The $64,000 net proceeds, will be used by the company lor the improvement of working capital position. '/• r f stock Capital based values on American $0:85 —— —i—j • costs), $544,751; total, $36,030,996. paid-in - FINANCING PRESENT u profit of $712,638 $316,038 wages —V. $964,935), t 030,996.—V. The TO EFFECT GIVING • reiund , ■ products include: play overalls, slacks,, slack suits, butcher boy suits/ sun suits,, shortie-alls, coveralls, baby binder, zipper jackets/ waterproof coveralls, etc. ' Company sells its product direct to the .retail store through its own sales representatives who are paid on a commission basis. Salesmen ore chosen who handle othei'. items of children's apparel of like quality. CAPITALIZATION tax (not ' BUSINESS—Compan^ of Standards measurements. Bureau profits (less reserve for doubt.ul accounts, stocks ence < S- share* net a months of 1946. CONSOLIDATED • on S. U. (Valuation counts . 1946 3, —__——1—■' $1,016,493 1— 1,066,268 per ,common "losses, ment . «f ;"47 $41,075,020), $41,120,116; bonds, $766,589; accounts quotations, securities of and advances to $31,211,112: total, $246,769,276. common instalment, rtotses receivable < less reserve $31,126,786; accrued interest receivable, $355,057; investments and miscellaneous assets, $218,552;. furniture, fixtures, and office equipment (less reser ; for depreciation, $187,326), $189,810; deferred charges (Including $331,252 unamortized portion of develop¬ Park, Minn.—Stock Of¬ was incorporated in Minnesota with'authorized capital of $25,000. Business is an outgrowth of a partnership 'between the wives "of the two present principal executives, Alden Elstrom, President, and Charles W. Pauly, 1 (Secretary : . ', . i' I The company is Engaged in the manufacture Of children's play clothes, sizes 1 to 8, featuring certain unique ideas such as drop seat construction (patent applied fori, no buttons but "grippers" which <3on't come off in washing, sturdy construction with double seams, seasonal styling, full adjustable lit, Size measurements according to April 51,470 butstanding-—— ASSETS—Cash, ' : 30, $13,637,820; premiums not due (including estimated U. $. and foreign taxes on income), $27,660,711; treatment charges unearned (metals treated on toll basis), $1,125,135; miscellaneous liabilities. $1,537,643; reserves, $34,161,2)5; 7% cumulative non-redeemable preferred stock <$100 par), $50,000,000; — - shares V for . ^HISTORY AND markpt LIABILITIES—Accounts and. others—229,658 583,723 the firsi six : : shares of chmmon stock ($1 par) at $2 per share. This is a'speculative security. This offering is confined to residents of the States of Minnesota and Wisconsin. : : ' t deposits, . $38S,120; (esc.I— taxes income income °Nct Common offered 37,300 • le^s >amorti e.i supplies, at cost or less, $11,827,943; miscellaneous assets, $5,314,land, buildings, machinery and equipment, mines, etc. (net), securities of and advances to subsidiaries not consolidated, sidiaries, $1,778,411 , offices deferred-..—— payable to banks and notes on Earnings i fered—Holley, Dayton & Gernon, Minneapolis, on > JUNE demand excess metal conservative 813; —-.-i-i——: $1,829,881 Provision sold part y , — —— * deficits of newly opened loan "Compares i SHEET, and cost at i.47, 30, Government tially Albany & Susquehanna RR.—Definitive Bonds Ready ;*:r Definitive first mortgage 2% % bopds dee by'.extension April 1, 197 V ®re available at the Chetfeical Bank & Trust Co., New York, N. Y./ (. $6,466,747 $2.15 $44,217,630; $4,239,588 2,521,177 J- — the ./■ ; $1,867,778 SJ.Oo and BALANCE hand on securities, treatment and , receivable——1 notes Total ; ' announced.—V. 164, from etc., Expenses Interest , refining sme/ting, June cn S. or FOR THE SIX MONTHS INCOME CONSOLIDATED OF STATEMENT * Co.—Registers with SEC— The company on Sept. 19 filed a registration statement with SEC covering $10,000,000 20-year first mortgage bonds to be through competitvie bidding. Proceeds- will be used to finance *>f its.,expansion program,—V. 166, p. 945. f $20,896,033 share—$8.. 1 common $2,847,354; advances ' Net Inc.—New Treasurer— -v - • .elected Treasurer.—V. 164,- p. 2953, Alabama Power - 1,44,2*,o,iaT including metals treated on toll basis> less unearned treatment charges, $62,258,337; ores and concentrates on hand at mines and in transit to smelters, at cost of production investment Co. of Illinois (& Subs.)—Earns. American *; t; TJ. 116,627 $1,849,360; confirming the same", it was announced authorized number of common shares wis increased Air Products, on per $28,02V,914; American Gas Macnine Co., Inc.—Plans Stock Split— The stockholders will vote Sept, 30 on approving a proposal to split up trte .no, par, \a.ue class. B common stock on an eight-for-one basis. At Jan. 31, last^theie were outstanding i.3 395 shares oyit of nh authorized issue cf 25,000 shares.^—V. 166, p. 153, ' . ) ' shares meet¬ Jtaymond F. Hart has been : 84,211 52,011 . 12,6oO,uxd lmvte.i.i on ,an£. notes receivable 164, 135,000 shares to' 600,00 sharfs. share certificates are available at it Is 1,357,844 1,367,508 etc. based 137,103 6r ** the offices of the company's transfer agent. National Trust Co., Ltd:, 20 King Street East, Toronto, Ont.; and 225 'St. James -Street West, Montreal, Quebec, Canada. —V. 166, p. 561. ' " . .. 4 , 1,8/1,553 —j.___ i— Government $1,601,314 New " 1,919,769 ASSETS—Cash $1.61 * provision for p. 1198 tlncludes tracts.—V. .supplementary, letters Sept. 4, 1947, and ing of the shareholders held patent have now beeh issued ' 173,255 -r — mines, come, 15,810,360 $.1,511,513 137,118 $704,585 . 91,965 740,103 dividends Common Ltd.—Stock Split-Up—. value Into Agnew-Surpass Shoe Stores j The proposal to Split up the: ccmmon shares without -par common shares without p.ar value on the basis, of four hew for each one old share, was duly sanctioned at a special general from 32.7.97 including stale inc. CONSOLIDATED f4,600,006 489,003 $1,801,026 5% * J -- *iew on 176,335 etc: manufacturing plants, from sales of metals, by-products and manufactured products, and from treat¬ ment of metals of others, before deducting administrative and .genelal expenses, corporate taxes, depreciation, aepmtion, taxes on in¬ $6,111,519 ,$7,411,575 1,137,578 tax;--*.-*--- 433,334 taxe 1,662,40J ' . income. / .. l,4i8,BSx 336,653 expenses investig., foreign taxes Earned . • & $7,201,901 $15,884,354: 1,070,91J business franchise S. "121,92® examina- mine Depletion L. 502,0^1 109,0o2 781,61) research, new 220,89® 652,643 . $38,194,013 r_ _'_S - 194p 1946 253,8^0 Dru,60S Ampr.ti ation of emergency laci'ilties 2,48*,090 -$1,194,193 - . i 1 Aetna Life Insurance 1 for Depreciation . - ' Administrative and general $3,651,775 $7,015,365 469,745,-. - -.3ao,56'J —_ income not suns, investments.. on and 542,129 $352,064 $2,259,8^4 (net).—678,709 Profit Othei lroin Corporate taxes, 591,148 \ ' $6,186,304 $14,953)512 £09,$89 .■» / was , vand tions, 2,73^,2-4 261,271 ,,10,953 2,560,98/ 334,053 10,191 2,520,133 , Co, 4oO,7Uo Lxps. 1945 , Light & Power ,toiis6i.-__ ".r. . week of 189,01b,o0j kv/fr. the subsidiaries for the corresponding fended June 30— 1947 I,—i..—___—$36,936,321 6 Months bEarnings 0Oi - • i * „ p. ' ,.* , • American Smelting & Refining Co. (& Subs.)—Earns. , $27,930,3G§ $17,374,725 $55,275,058 $37,510,396' 22,506,094 13,88-,,4'iJ 2b,235,443 27,3ul,0o4 plants, ma¬ chinery vfe equipment-* Amortization of- parents. Cell., adm. & geu. exps 53,588 269. p. ' 1946 , „ , Subsidiariesi If,6, ■ • .* Florida 1145. - including —V. of Deprec. "392~850 $311,989 'sales of Cost ... allowances & returns- / 30,024 Cr233,952 659,831 X7.034 $134,070 -$251,320 INet-;inoome; • 'rit T53_;682:- / takeS Federal for 76,342 —— Profit sale capital $261,257 50,151 $481,345 — discts., Gross sales, less 4,351,408 286,647 1-47 June 30—.. 6 Mos. End. $567,610 53,860 $763,761 1 j 50,112 sold income Pro V. 3,176.15,5 respectively. System lhputs of 1946, Inc.—Earnings—- Canadian and Domestic (Including $5,205,665 $5,604,341 4,422,630 upon 18, this, company, kwh., Co.—Ruling on Rights— registration uiioer the ioeouniies Act of Brake Shoe American Chain & Cable Co., $3,769,654 expenses Operating Other from $4,938,949 allowances Cost of gods 160 160 December 31— 1945 1944 "1946 sales, less returns and 200 Ending —Years JUly 1,'46 tO June 30/47 . Cross 240 Manufacturing . Co, for years 1944 1945. and 31, 1946, and Acme Electric Corp. from June 1 1946 and from July 1, 1946 to June 30, 1947) 1047, the System inputs of subsidiaries excluding Florida rower & L ght Co., was 195,377,00® kwh. No report was received frcm the. Fldrida company for that week. Florida Rower & Light /Co., inputs for the corresponding week of 1946 and the wbek ended Se/'c. li, 1047 wcVc 16,947,000 a.id 20,302,000 For the week ehdetl Sept. . effective 1933 and the making of ah offer by the company, holders or common stock of -record at the'close of business on Out. 1, lo4 7, tsr?a,. nave the right'"to SubJcribe, for a period of approximately 15" to. 20 days, for new, cdnVertib.e preferred stock, of $iu0 p..r vaiue, to the- cx«ent of one share for each liVe glares of common (.tick Mid, ...The • S0b'scrlption price and the ttrnis of .the new. convercib e pre.erred stock are to .be. determhied shbrtly before the orferirig is. made., , . ; , t The New York Steak Exchange directs, • subject to- the, offering bcir.g„ made, that the common stock be not quoted ex-rights uiun .urUvjr noticp and that ah certificated 'deTvered-arter Oct. 1, ly47, mu,t be 'accompanied by cfue-biLs.—V. 166^ p. 1041. . , / / Contingent Input— Ahierican Power & Light Co.-—Weekly - of The 6,680 1,280 16,000 year, Ant ed can Warrants 20,123 Inc Waddell,. & Co., ;SE,yle i- last to Purchase the and warrants Herrick, -{Acme (ahd July to^ the Mn<* part.es together €1,623 chares Kno .. agreement as underwriters and their several with that of .the managing underwriter, shares of corfimon stock subject to Commitment follows: Shares •-writing ; ■ & . Corp.—Declares 25-Cent Dividend declared a dividend of 25 cents per snare and common ,class B Stocks,•, payable Oct. 25. A Lke ahiotnt was paid on April l 1, last, and in each quarter Jin 1016. In addition, on Dec. 31, art extra of 23 cents was disbursed.—V. 166, p. 6j7. On-Sepfc>48, the directors on the outstanding common 1 td holders of record Sept; total of 29,683 snares two of the selling stockholders a stock at. $4.25 per share. dealers in "securifes •have become common "• "i i.I American Bemberg purchase stock at an aggregate or common From (b) <of $1,000 of jprice ghares 10,000 additional Monday, September 29, 1947 CHRONICLE COMMERCIAL & FINANCIAL THE £ The of common jstock, par $2,. of. record Sept. 29 will' bet right to subscribe 01 $6 per share to Additional cominoiB tlfe ratio' of one additional share for each five common holders offered the shares in I ' «. •- i1"' " . .-.* >'t" Subscribe fw.ill- be exercisable atv:The Empire Trust Go*. Y., and will, subscribe at 3 p.m> (E.S.T.) on Oct, 31* 166, p. 1146. i u • *: shares held. Rights toNeW York, 1947.—V. . N. Volume 166 Number 4633 THE COMMERCIAL & FINANCIAL .RONICLE (1251) ^\ro Equipment Corp. . Wi'liam Pump D. the A like In amount i Sept. 19 declered a dividend of 15 cents per share payable Oct. 25 to holders of record Oct.. 15? paid on Jan. 24, April 25 and Juiy 25, this year. on common stock, was 1946, only one paime.it of 166, p. *6,2. ' 50 cents share per —V. made was Jan. on Director— a Sept.• 23, -the share the on directors common declared dividend a of Associated Dry Gocds < Total net Estimated inetnqe Estimated • Earned per Federal Share wi.h (lees through Proceeds will Mode until action later tained. The company has been paying 40 ter do. and including. Aug. l, 194.7. : $4,030 000 $2.71 14,925,000 -convertible s~> u t&o temporary relief rate The preferred 15,300,000 received •. ■6 C the decided to apply ; immediately to Months Ended Junq; 20— . r • (& .)>htu;ei :. Avco Manufacturing Corp.—New Appointment— Stanley '1-A1 chain's Social the 15 oulIcL—V. retail ,156, p. 1042. . - security, property DepreciationRent and stockholders Nov. on 10 11 w vote on a proposal to change the each, to 568,-,. outstanding common stock from 142,177 shares, par $1 708 shares, par $3 cac.i, in order to effect a four-ior-one The increase from V. in paid-in capital is account- surplus effected be to to capital 163, p. 66. 1 ' Total —'ii_Y—a— Dividend paid in ' ' Y. ? - Baltimore & Ohio JRR.—rHolder Loses Suit— • A New York stockholder's attempt to halt plqn of the .road failed Sept, tlie adjustment under - ihs -o onkrupecy r lered shares held ing the New on he at shares , the .United $140 share- a York of in Canadian .Assignable United subscription Oct. and 6 funds. from any resident States rights will will for Stock each that 7 ho Total been has sell¬ headed block a stock new by A. E. at $4.05 with will expire .an at stated has their mailed close the rights to of Ltd. right • stockholders basis Pre ident of of subscribe by on, Oct. on 27. to subscribe $164.75 for an braceS dealers Ttlephone & one •Telephone >Tt stock has rights Johnson's has to way ccatt To coast, investment the owns letter announcing that the very well received. the .sale'of thd hew issue of syndicate's shares will be being mot'ves.- Bendix Aviation Corp. and (& '< • . taxes $1.75G;538'Capital shares outstdg, " ' 2,117,453 Earnings per. share—Y • $0.33 ^includes appropriation an tingencies and $1,400,000 of including tingencies appropriation v On of record 1, last.' 15. • • An $9.10 tax the the carry-back tax the Co., Inc.—Dividend No. ■' ■ distribution ' of " ' like pi ' ' e - on. Sept. 20 announced 1. •. . -' pars 4 and * 52. loco- u' . cars and 76 locomotives, as $24,000f000-worth earlier from an appropriation, made .orders- .announced'on Sept. 20 the FOR THE SIX MONTHS ENDED JULY 31, ...... income before ; lighter Pacifies "Net taxes, profit Earnings —V. income per share on 166, p. : 504,000, common sh§. outstanding.___ ■•' ...... , " See below. In Dive Tests , - Co.—Stratocruiser --- ; r- .- Tops $1.31 during ' -■ . . • . ... . .'Plans a Ohio, for Eiivision. , construction of a $120,000 Tfte, laboratory will be used for testing fuel new dcrp.—V. site, 166, accord'ng p. to C. S. Davis, 1046. President of . . ■ . ' ' holders ,of the 6% stock share,, held, the-five, shares cash. ■ ■ On account of tha fluctuations 1 I • In tha 1 '■" ■ rates of A'A a total to Canadian become 'effective Alberta, of & company ' .[ 4 l94ir va^e at New Laboratories! of ' as , new its new-.'central and modern ■ i> ■ v and •' ' , have facilities fbr complete* scientiiic Vice-President re¬ 140-r2O~u many, separate labol'atmT.js4 • experimental equipment antl \ Technical Director, said in • laboratories, at Summit,-consists of groups chemists?'synthetic organic chemists, dyestuff chemists, physical1 .chemists and chemical-engineers.- The' greater part of the personnel was. transferred from the corporatipn's research at the - Newark, "However, N. .J., -and one should department*. Cumberland, - not draw Md.; the longer carried out at, .other, plapts. iYin progress there and pilot plants are operated. is of In Important with "~ that while the large pilot fs work laboratory fa-, the at or scale research development necessary general, the research work exploratory nature-carried basic a -small or plants. conclusion no (The) Celotex Bror out -research plants central jn labora¬ work at with or th® plant, »• Corp.—Proceeding With Expansion— Dahlber^, President, on Sept. 17 reviewed ,,the company'® progress in its current expansion program begun two years ago. During; this period additional plants have been acquired and existing improved n.ing and mpdernized. Tuday the .volume substantially .more at, a E>ahlberg stated.—V. 166, company's than are runY 1945, of 266. p. facilitiesv sales grcss double'that Mr, ... ... Central Agnirre Associates—To Vote on Plan— rThe stockholders at a special meeting to be held on Oct. f the adoption and its of a proposed subsidiary, 1947. 10 will plan of reorganization of this Aguirre Sugar" Cov dated Sept, Central 'j directors per have share, on Sept. 30, . declared the and - preference the Stockholders following on 155, stock with $1.50 extra an in 1945. : Y . 1.404. ' ? to Y Y change which the - Federal . ; taxes Net on and remittance • 'i 1 , . ' r.r for income Income 3 Expenses "Countries,-.^$42.00 . per Y. i .income_"_*.3_-— 1 — income on hand $115,464? BHtmore Hotel 869; total, $8,310,865.. year must be made withheld. 162, p. 244. 1945 $971,887 149,987 147,913 40,800 266274 410,003 159,800 168,435 $424,125 $195,864 ' 30,675 " 1946 $478,199 49,671 1945 75,351 $475,015 75,013 13,303 19,762 24,34(5 119,442 201,423 .78,807 84,273 $184,835 $89,953 $194,355 JUNE 30, 1947 in banks, $70,332; accounts receivable, $510,515; other U. S. Government obli¬ property, value of $6,925,870; life insurance deferred policies; charges, $77,- '.LIABILITIES—Fedei'al taxes, $485,690; other taxes, $45,292; account! payable, $2,213; trust deed note pavab'e to (heCophccticut Mutual group of in- subscriptions and advertisements nr.; the This com¬ 120,310 SHEET, and $107,645?.Treasury tax notes, gations, $503,168;Ycash surrender a on _63,170 .' BALANCE ASSETS—Cash be $436,355 105,216 '• income—^.___— amortization exchange , share $1,040,988' $411,887 • Y*-—— on Depreciation and of of 37'A holders oft to 1947 —_ — company's Court 15 will 242,966 — —^— , , dividend per 1946 amortization—130,101 Y tax $1,024,006 208,376 — :„! Federal ..taxes , Rican '1947 • — Interest Co.—Preferred Issue Placed Privately—The Sept. 18 announced the sale of $10,000,000 foreign Puerto 3 Months Ended June 30— . change has since Supreme cents Corp.—Earnings— —— Depreciation Net the of. 50 Oct. share in November, 1943.—V. — Interest the will quarterly payable dividend v6 Months Ended June 30— Expenses i - , voted Natural Gas Co., the approval of p. ' . above regular stock, The Investment Income - authorized, there the common stock, payable Dec. 1 to holders of record Sept. 30. wjll make a total, of $2. per share paid, or payable in 1947, as ! Central - 3%% first preferred stock (-$100 par), to '** ' 7he coordinated'group The previous extra was $1 per Power in exchange for preference stock, plus 4% 150,000 shares,, following the Western Canada.—V. Carnation • exchange, ■ 30, cellulose ' *OTB: June "The staff of. the central pared recently offered of the new t subscriptions. name on '" were . • Borg-Warner, . > announced iOn-Mayt-23, last, . I Because of .Pesco's lapid post-war growth and plans for the com-, pany's expansion in new industrial fields, # may become mecessary to hiaild a modern manufacturing plant, in addition to the the George Schneider, part: : - rdcord ' -'An initial ;'Y"' quarterly dividend of 80 cents per share was paid on 4% stock cn Aug. 29 tb holders of record Aug! 26. ' : ,'Qf the" 400,000 .shares of sycterns. laboratory, J. common Shareholders Exchange Holdings J Stock—Name Changed—. ,l: / be outstanding laboratory quotations. ; 30,-1947 (market 'formally-opened N. production fs well instruments for basic research! cents Light, Heat & Power Co., Ltd., Y ' new and newly acquired 35-acre site in Bedford Township, near Cleveland, have been . airwm'ceA by- the corpo-ation's Pesco-" Products Natural Gas, , each ... Starting: immediate • was $5 'in Borg-Warner Corp.—To Build New Laboratory— on 53,353 ended Declares Extra Dividend of 50 Cents— early this mont'h that holders of the 6% cumu¬ participating preference stock, par $100, "in addition to iqg their shares for new exchang4% cumulative preference stock, have oversubscribed .for additional 24,590 -shares of the same were offered issue which only to Canadian shareholders on the basis of one share of 4%" stbek for each 6.% preferertcer. share held. ' ' .'The . . Canadian Western Y. ' v - for New , 22 AViil; "employ 20p scientists ahd^ will The lative 400YMPH .' i • v. air speeds cf greater than 400 prelim nary .shallow >dive tests, .the Boeing Aircraft Co', apnounced on .Sept. 22. r < The Stratocruiser, powered by four 3,500 HP Pratt & Whitney Waspmajor engines, has a c/uising speed of 340 MPH. Six major air-lines, have ordered a total of 55 of the 67!/a-ton double-deck airliners. V. 166, p. 1147.. . , hour per cost . America—Opens Sept. , .. The Boeing Stratocruiser has attained miles $30,583 '56,300 market on -months AT JUNE average Summit, . Canadian Western Natural Gas, Light, Heat Co., Ltd.—Preference Tt Airplane Boeiwsr ' . at t ' . 12 . 11t" 18, t , 404,000 1147. on project is.a pilot plants. and company Canadian Western Natural Gas Co., Ltd.—New Name —New Stock -Sold—initial Dividend on Preference Shades,.Etc.y-Y "' Y-:' ' •' '• $659.3)0. --------- the based! 2662, p. laboratories at consider - . taxes.—$1,063,310 Provision fpr Federal for Dr42,192 • • Net income 160,371 $236,275 56,300 amounts BALANCE SHEET corporation search ? , : ; 1947 440,231 83,539 of orders last March. Ont.; will handle a qontract for $3,800,000, the cost of being built by Canadian locomotive-Co. : : Scotia, heavy industry will-benefit by $1,300,000 in orders for 250 hopper ears "to be built ;by Eastern Ear Co, at v. ice, <p. 1148. Trenton, N. S.-r;■ ; ,: '. '1 1 30 • — of • $522,037* pilot plants factories is usually carried out in scale equipment."-^-V. 166, p. 1047. .. EARNINGS 150,542 $236,663 56,100 ASSETS—Investments, cilities - on '• ' $72,775. - of , profit-—-. laboratories •Nova made was $75,904 $81,836 . that a Kingston, cohY $156,314 $36,121 * of • tLoss $165,024 89,120 '93,541- Total tories was-awarded an 851. •" ' .' locomotives-costing $3,600,COO will be built by Montreal Locomotive Co., and Canadian & Foundry Co. will Car' build 10 mail-express cars and 10 cars for baggage-express $1,000,600.- < ♦"i' 2—Earnings— amount - ' con¬ for reserve 166, * - tlncludes $175,377 , Y heavv-*fr,eight Mikado for 3,269 commercial • contingencies. from credit.—V. & the Hamilton reserve credit, for reserve in $22,500,000 appropriation made in and. ofders for -.11 locomotives and 500 gondola cars to lake the .remaining $5,900,000 of the appropriation will be placed soon. tenders have been let for the entire appropriation it will bring to $47,000,000 the Canadian Pacific's expend'tures this for 4,970 year In , $2.13 from $3,009,525 carry-back initial stockholders When , Oct". to ' , cents of Underwriter, Butcher! bi? offered ' v Sept^ 22, the directors declared, a regular ,quarterly dividend Iof per share on the common stock,payable Noy. 1 to holders 20 Aug. from $8,800,000 and .Benrus Watch . , $352,602 ' • : 5,2115 dune 30, 1947, $7,491,825), $6,773,800; cash in banks, $518,343; dividends receiv¬ able-andinterest-accrued, $30,322;1 deferred charges, $138,981; total, $7,521,946. Y ' V. ■ r LIABILITIES—Payable, for securities purchased, $76,650; > accounts payable,-.accrued'interest on 3(4 debentures, etc., $10,959? provision for taxes, $1,906; 15-year 3(4 debentures, due May 1, 1961, $1,872,000;common stock .(.par >$1), $561,00,0; capital, surplus, $4,939,431; total, $"7,521,946.—V. . gets the biggest' contract, one,lor $6,750,600 to National Steel Car 750 box Co.—$4,000,000 for .; cars, $2,000,000 fori 175 Y-'Y. refrigerator -cars and "100 covered $750,000 for hopper cars. t t$820,015" —r Montreal-is, next with contracts *: 2,117,453'? totail'ng $4,609,000. Ten passengerfreight'1 Pacifies and 12. "Nil '.«$200,104 t$4.644,992 2,117,453 .2,117,453 $701,792 Federal •appropriation an of » • . 4,791 4,823 0,757 exclusive August, under' 1947—9 Mos.—1946 sales declared up in^ Subs.)—Earnings— 1247—3 Mos.—1946 6,753 income, $380,478; expenses? $70,560;: interest 011 deben¬ amortization of debenture financing costs, $91,222; net in-., of .-security gains aqd l.pssea, $218,6.96.. * "Total'net assets,' w.ttli securities at market quotations, ,apd before deduction of principal amount of outstanding debentures, were $3,150,456 on June 30, 1247, as icompai'ecl. with $3,483,957 oh Dec. 31, 1946, On June--30, 1947 the net .asset value per share of common after, deducting principal amount stock, of debenturea.-^was $10.84 per char® qr 5% .lower.'thaq net asset? equal to $11.40..per.share nn .Die, 31, 1946,' . increase capital The contracts were awarded from freight charges will Manson, Vice-President locomotive builders in and $147,83(1 and The Association—Registers freightMontreal, Hamilton, Kingston and. Tienton/N. S., Canada, have received more than $16,000,000 in orders from this company for 1,295 freight and express . help on statement follows: 1944 19^5 $155,410 8,1-26 , 165, Canadian Pacific Ry,—Places Large Orders— William car * .Net profit: after $9,825,369 - of, . applied to the Period End. June 30— 3,854,926 sold, •• 1J46 $151,741 82,1W research Shares - —$21,888,216 $23,368,068 Fire Insurance . SEC— , 216,120 : j . share for each four shares held and any unsubscribed, publicly. Proceeds will be used to new nefc Y $168,301 Celanese Corp. of funds.—Y. 166,-p.'.755. V offering . are widespread construction program now additional demanas Tor service.—V. 106, p. 1147. meet Y $12,53.2,582 YY__Y Philadelphia. ratio of one ihe- Y ' 477,053 2,049 176 4,643,100 1. liabilities. - .• and . audi. Y— capital-stock. Sherrerd, giving ' officia'iy cost current 1.900 417 664,111 witlm - 1,500 —; , , chare new been of products The $1,327,672 '• The company on Sept.Hi) filed a registration statement'with the SEC covering 100,000 shares ($3! par) purchased from the American a substantial. interest hi Bell was which now..„outst0nding. iudicahad been Froceeds meeting from Total- $7.r416,9'26 $703 973 stock • - 1,981 _r__ etc. -2 oper. come, 11,037,796, 2,216,533 • $186,930,000 slock 1947 income .profit tures " 1946 - comma? ■ The "Un/the form Of securities at" ; $0,11-. 30 I , $15?,101 divs. distrib. Dividends Br$54,134 $34,400,793 $33,193,437 4.85% Frederick Telegraph Co. for • 3163. of trustee. ,,—i. .income Net 1,250,000 guaranty.-——356,519 T - - of j approximately p. shares Parr, ihvcstments.2,^— • ' above-;" largd ryndicate* for Net $561,315 foreign income taxes__ —3,628 333 customers __a__ Camden (N; J.) with SEG— the for a and Working capital ——V.t 165, p. .463. new issue of; 212,000 .shares, this offering., was'.not registered in the' TJnittd States through the SEC wider the Securities Act of 1933. The block of rights being offered through the syndicat?, which < m-, ; Expenses, 13,338^91 Ex-' Montreal, Canada. The, rights in consideration of the cost of which, cost to S. machine .service"' Canada Foreign business announced of holder the total rights for Prepayments-,-.-by ■ in Canadian the be been Co. & per a yield In lt'7,498 issue entitle represents approximate As of Ames which rights $140, market— States. Exchange. of priced five at or assets-^,.— Prow .for est. U. Provision • ■ on Security Rulings of the New York Curb Exchange1 capital stock be quoted e:£ rights as of Sept. 18. •' 1 will not be dealt in en the New York Curb rights mentioned .are current, , share 472,366 7,001^12 10,6.79,873' 7,167,249 1. 4,058,842 . taxes the Offering i 5,255,875 $6,893,346- —_ CURRENT LIABILITIES— Accounts fpaya'ble Yi-rYi __——; payrolls and commissions-Y:..i.Accrued tsxes other than income five The Committee • ruled - Total JUNE T ia freslx 5,719 Taxable 382,849 1947 - €09 000 405,932 CONDITION, ' "• ■ Accrued of-; be 147. the United of sell may providing they do so in conformity change Control Regulations. * * about -_i-Y_YYl— Inventories at lower of .cost been registered with• Exchange Commi sion and no sub¬ Securities .and the 24 share Exchange at: around subscriptions have not offered Tcr States Residents or «"Y' ! Sept. Curb scription will be acepted • FINANCIAL I — capital Svock, par $100, of record right to subscribe to one additional the OF ———• U. S. & Bell Telephone Co. of Canada—Rights— of 10,000 F. Interest Misc, inpome. 'i70,0?3' $1,133,382 >$0i53 foreign govt, securities, at,amortized.cost Accounts receivable, less,reserves-, \ Holders _J. I shore__—.Y—--i STATEMENT Cash haws. Judges Morris A. Sopbr, Armistead M. Dcbie and W. Calvin Cheonut" maintained the evidence on which Randolph1 Phi.lips moved to vacate the approval was eymu.aiive-aikcl "insufiiciept lo estibY'h, the charge of fraud."—V. 166, p. 1147. ' ; common CURRENT ASSETS— retract,: to per \ linanciah reorganization, a 16 when,Federal judges declined ; •—r-—m—tt.—— Income for period— Earned 1 lo, H. of Dividends.. 13,363,208 1,424,000 evaporated evaporated financing, company's capitalization in¬ $10,000,000 of 3% % first pre¬ ■ ,J8r.634,55i: — fm the three inc.uding Carriers & General.Corp.-Earnings- $2,657,382 J $1,195,866 ^cash_Y_, thcr milk were filed with the SEC on. shares are to be sold at marked through J. S. Bache & Co., or Merrill Lynch, Pierce, Fenncr & Beana qn either the Nqw York Curb .or Chicago Stock Exchange.—V. p. 155. " 16fr» 5 $21211,638 required—~r spl?t-up.d $1,563,947 163, p. 1,446? of account.—V. Sept! behalf ; ;.6 Mos. End, Jurje 30— :$2,657,382 evaporated Carr-Consolidated Biscuit Go.—Filing wi'h On : stock by the transfer Libby, Income— . of $2,000,000 Public. Netr IncomeIfrpm operations——_ Reserves ho longer,, for firsi and debt, $3,212,000.—V;' 165, 955 1,752,062 r 4% program. v funded 38,171 8,107,931 Ayrshire Collieries Corp.—Plans Stock Split-Up— & to to 4)1,353 — manufacturer purchased present of 5a,734 ..you,ooi .. it sales income 422,633 ,__LYY.-__YY——: . largest value in excess of $26,000,000.* in 1946 amounted Net quar¬ 1946 .16,707,563 company'^ of company's current expansion and-approximately 43,156 misc., taxea the issue $5,999,800, the to the $10,000,000 stock book ascer¬ effect 37,5.2 2 reimburse stat.ons and a can factory. substant.al expenditures to expand its division. cream 55,313 -i The cludes ferred $30,898,528 $21,113,768 —Y*_ $"".,039,59 Cost of products and services sold has been appointed to the post of Manager, rad'o Crosley Division. He had been associated with Goldblait Chicago, as buyer of-tad o and phonogiaph records for the Eros., —a-Y—^-Y— used "to • • N. ,Y.- ice ; Total Glaser of and Giving Subs.)—Earnings . - section the * in Llbby,-McNeill milk a readily share-each per be plants, two milk receiving company is -also-making trend more cents .. Products and services sold— J Divioends from, subsidiary not conso.idated interest on U. S. and foreign govt, securities-Other miscellaneous • incomeY • , aho the used ■milk ordinarily when will be will recent redemption of-its .entire outstanding in the amount of company is .the the country. Recently miik facilities of • dividend year be can Burroughs Adding Machine Co. , stock, series buard the proceeds the stock, The Service Commission for approval of further temporary rate increases. On July 25, the Commission- granted the company a temporary increase in gas rates to be efiective until July 1, 1948.—VI 1'66, p. 562. mance,), about $21.50 per New York, as underwriters., having 166, p. 258, dividend.—V. from • Pa.—Filing with SEC— k.c earnings the on. in 2,500,000 $0.61 , stock a deferred 1 6,5"0,000 $1,360,000 Rjland & Stone, to L beriv Products C rp,, go the form of 24 Nov. , re.fcrveY—Y- *Y«J' Y me Sept. on about or 0.0,000 -YY_ 1 taxes' Sept. 22, 1,000 shares of 5% filed on 0i shnre„_~<Y.. inventories Autocar Co., Ardmore, were directors payable 2,2',0,000 for comman The ' - 160, p. 658. On iii before' apprcxim~t3kret- profits Merchandise —V. opaivYng: profit for balance cent*. per Biooklyn Union Gas Co.—Defers Dividend Action— July 27,'43 $62,2)0,000 $. 1,905,000 j— taxe prcviXn Estimated ; 4 .approximate Federal ; Aug. 2,'47 sales treasury the (preferred, n'o par value, payable Oct. 15 to holders of record Sept. .30. A s m.lar payment war made on July 30, last, These are. the first dividends-since March 14, 1S42 wjen IVu cents was paid.—V. 166, p. 50. v ' 2. of ' The issue was placed privately at share through Kidder, Peabody >& Co., as agent. per Part Corp.—Earnings— Months Ended— Six 25 stock, • ' stitutlonal- purchasers. .$101 (T. G.) Bright & Co., Ltd.—25-Cent Common Dividend On • , . Cum, Inc.—Yan- AlcLrn^ David Van Alstyne. Jr., senior member of Van Alstyne, Noel & Co.,' Inc.,'investment bankers, has been elected a director;—"V, '166, p. 258. B Co., /. -The,directors on Bowman -B. Fisher, President of Anchor Hocking: 'Glass iCo.,. and. Obcrly, Chairman of the board of Tokheim Oil Tank fc have been elected directors, succeeding J. p. Johnscn and -Edwards, resigned. • ..... Chester W. New Directors—15(J Dividend -r- £ " In New York funds. CONSOLIDATED- BALANCE $1,180,000; deferred rental income, $4,671; reserve stated capital (292,815 shares), $5,775,300; capital flock assessments, $234,252; surplus (incl. $400,000 arising from 'revaluation bf land), $408,447; total. $8,310,865.—V. 166, p. 51. life Co., Insurance Regains Control— Co. and Union Securities Corp, on Sept. 25 offered $25,- total, $38,755,271. LIABILITIES—Notes payable, $5,875,000; accounts payable, $1,647,548; salaries, wages, commissions, etc., $1,003,853; due under contracts relating to patents, $40,000; dividend on preferred capital stock, pay¬ able July 1, 1947, $59,448; accrued for Federal, Canadian, and other taxes, $4,078,696; due under contracts relating to patents—not payable within one year, $80,000; notes payable due 1949 to 1952, payable $375,000 annually, $1,500,000; reserve for contingencies, $422,540; 7% cumulative sinking fund preferred stock ($100 par), $3,397,000; common stock (677,844 no par shares), $4,405,986; capital surplus (arising from sale of common capital stock at price in excess of stated value), $1,647,628; earned surplus, $14,597,573; total, $38,755,271.—V. 166, Harriman , Sticfel, L. G. exit group ox the nine months ended Aug. 31 $2.65 a share on 132,000 shares pf capital stock, -That compared with $1.32 a share in the corre¬ sponding 1946 period.—V. 164, p. 553. Net of the company for $466,397, equivalent to profits to amounted 1 Jersey—Protective Committee Central RR. Co. of New the in basis well as Earnings • view. ICC supports this the earnings Net road. the assessments' on Ended June 30— domestic sales - Net of sales Cost — Prov. ? Central Vermont Public Total $421,591 318,547 4,311,447 $17,974 $103,044 $1,015,738 $1,547,175 (net)_ 47 286 1,649 Dr 199 $18,021 21,536 $103,330 Cr3,000 28,000 $1,017,387 260,356 221,000 $1,546,976 267,506 486,750 INon-oper. income income Gross for —_ &c., deductions Prov. for Fed. taxes— Interest, 21,830 surplus to earned Earnings unit 166, Cash U. - Manufacturing Co.—Earnings— Chapman Valve Accounts Inventories 1947 1946 1945 Net profit $249,688 *$229,823 *$307,956 *After depreciation reserve of $82,501 in 1947, $92,823 in 1946 and $256,492 in 1945, and allowance for Federal taxes of $153,035 in 1947, $140,859 in 1946 and $121,687 in 1945. In addition to the above indi¬ cated profit of $307,956 in 1945 there was accrued a refund of excess profits taxes of $121,687. June 30— 6 Mos. Ended f —- —— securities, at cost receivable (less reserve)— Prepaid expenses Goodwill,' Total $3,500,000; preferred stock, $500,000; accounts payable, $298,791; reserve for taxes, etc., $657,065; surplus, $3,185,925; total, $8,141,782.—V. 165, p. 2923. stock, Company has issued invitations for bids to be iiocn (E.S.T.), Oct. 7, at office of H. F. Lohmeyer,. will certificates be RESULTS AUGUST FOR " and Canadian U. S. its Other income: oper. income Earns, —- com. per sh.— $3.18 ' week responding totals of the company have overwhelmingly accepted the plan of reorganization, according to a report made Federal Judge Edward A. Conger by John F. X. Finn, — 13 — —— revised Sept 6 Sept. to Aug. 30 —V. 166, trustee. Of of shares 324,415 the common holders of of the plan, while approval V. 166, / Chiett, Peabody & Co., Inc.—Rights to ;rThe company mailed Sept. it's common stockholders warrants to 24 Stockholders- them to subscribe to an aggregate of 112,974 shares of its second preferred stock at $102 per share. The second preferred stock is convertible into common stock of the company, prior to Oct. ehtitling 4 % at 1957, 1, ferred each 6 stock for of close the which warrants, stockholders common each $40 of par head the list of issue. the of subscription The the Sachs Goldman, value. underwriters one share of common for & Co. and Lehman Brothers of rate the to subscribe to on one Oct. share 8, 1947, entitle of the new pre¬ of common stock held shares 24, Sept. business expire of of dividends. " 'j? > CONSOLIDATED INCOME ACCOUNT sales Cost — sales and of expenses from sales from "Sanforized" Income Income Other (incl. discounts and —J,--- depreciation) ~ 1947 • 1946 $27,900,014 $21,562,748 6 Months Ended June 30— 25,716,365 income Total- income —: — deductions Other 3,312,546 185,455 (net) Income Excess ; taxes tax profits (Canada $1,150,249 2,573,091 $5,681,650 195,746 $3,822,295 161,793 2,180,000 15,000 royalties 20,412,499 $2,183,649 _ 1,445,474 98,956 39,634 Common ' shares -mmon per l ,.3 .• . I share— t ' . Kj- ■ • - 677,844 $4.68 ! outstanding common t; J I .At'' - 677,844 I— dividends J'J J' 118,895 677,844 dividends Preferred $2,175,395 118,895 677.844 $3.03 $3,290,904 income Earnings company on Sept. -v, ■ ■" 4- ••• ✓ ' 'Am ;< ,v ,n & 'O p T? .<>"> >| J tfjVf) have cash York, Inc.—Output— 24 '0 etf* ' .7 .v. supply production elect-nc ($30,000,000), projects miscel¬ distribution electric ($2,000,000), ($28,- gas studies Engineering Michigan. of State The be available the hand and have amounts from the sale received to "be of the new bonds from operations in interest and dividend requirements. available may not, in the opinion of the management, so adequate proceeds expected capital, working its finance to company during all of construction requirements of the officials of the company estimate the the next few years, that, based upon the present level of earnings and current expectations to as probable progress of the contemplated construction program, such construction expenditures may have to be financed the portion of have stockholders The series Corp.—Bonds Authorized— the issuance, under a supple¬ first mortgage sinking fund bonds, The bonds will be sold to institutional authorized indenture, of $1,250,000 3 % due B, 1, Sept. 1967. . „ the sale of the new bonds, together with funds sale last June of $1,650,000 3V2% debentures, will be used to finance the acquisition of the gas properties of Public Service Co. of Oklahoma. The properties, which were purchased by Consolidated Gas on Sept. 4, were sold by Public Service in compliance with an order of the SEC. The base purchase price for the properties Proceeds received from the frcm $2,757,071, subject to closing adjustments for property additions, taxes, consumer deposits, etc. This was financed temporarily by short-term bank loans and from general corporate funds. ;' Giving effect to the issuance of the new series B bonds, the company will have a total funded debt of $7,900,000. The new bonds will have the benefit of a sinking fund which is scheduled to retire all but $34,000 principal amount by maturity. The bonds are also redeemable at prices ranging from 104.75 and accrued interest,: if redeemed during the first year, to par-if called on or after Sept. 1," 1966.— was 166, p. 947. 1, 1975 series due Sept. 1, share and 23, the : outfit. Dec, t.tlu 1 to sdj ! it . -' \ to $2 per Share, . ($113,825,000 25,000,000 { payable to banksl "Notes 11,475,000 $4.50 preferred 12,000 stock 1,000,000 shs. — (no that, until a supplemental and recorded increasing executed and advances 4,123,432 shs. and indenture or indentures shall be decreasing the amount of future or indebtedness other and which sums be may secured secure future advances and other exceed in the aggregate $500,000,000. indebt¬ mortgage may the thereby, edness 6,000,000 shs.' par)—? installments due in one year—1%%, due in equal semi¬ to Sept. 14, 1955. tThe mortgage pro¬ instalments of $675,000 annual vides 547,788 shs. sums to not AND sale 243 in and communities townships and the in production sale in Manistee. The to be in excess of Company also supplies steam heat in five communities and water in two communities and, incidental 16 its electric and gas business, sells appliances and cooperates-with appliance" dealers and retailers.f ' Company's electric transmission lines interconnect with those of Detroit Edison Co., the Lansing manufactured and gas distribution and its estimated population of the territory served is 2,255,000 based on the 1940 Census. municipal At area have 92%. of approximately. 84% of all farms a total of approximately 20,000 87,000 farms, The company approximately 1,000 miles of rural lines scheduled for construction, ■ and company This embraces area serving lines, rural of the by service. 1947.. in 31, to served miles has and Michigan Public Service Co. 1946, electric service from existing rural lines was all the'farms In the 637 townships within the plant Dec. available than more . • principal name of amounts each of the principal new bonds , underwriter and underwritten the are as follows: Loeb Union Securities —V. $12,500,000 & Co.—— Kuhn, 12,500,000 Corporation ;• 1048. 166, p. Cook Paint & Varnish Co.—Sales Rise— Period End. Aug. 31— Sales —— —V. 166, 1947—3 Mos.—1946 1947—9 Mos.—1946' $6,860,039 $5,619,021 $20,567,236 $15,636,357 52, p. ' . '. ,'£1* ' . against " oaohi-n H f'X ' , Cornell-Dubilier Electric Corp. (& Subs.)—Earningssix Months Ended Net 1947 March 31— earnings after depreciation Federal income taxes——; provision and Earnings per common Blake, Octave ended share after pfd. divs $1.68 1946 , - „ $227,131 $0.42 ' President, stated that the net for the six months 1947, was the best in the company's history and sales since then have declined, this has been due although principally to the that, balancing customers' of in better shape, he said, months to increased sale$; they are,—V. 166, p. 52. are few next , 31, March Inventories ; ; $759,418 for inventories. there should be provided general Now that trend in conditions a Dividend— extra dividend of $1 per 25 cents per share, both record Nov. 20. An extra of 25 the directors declared an usual quarterly dividend of stockholders of cents was paid on Dec. l; last year. Total payments in 1947 will amcmht $1.25 in 1946;—V. 158, p. 2578.. < payable t ) Property purchase obligation: Preferred stock, cumul, (no par)— continue as sept. Outstanding 1977——V-J series *2%% PRESENT FINANCING Authorized bonds— due Sept. mortgage 27/8% the Consolidated Paper Co.—$1 Extra senior securities or both. or - respective mental stock include common may CAPITALIZATION GIVING EFFECT TO . Cribben & Sexton Co.—Dividend No. 2— On share Sept. An 165, 1947.—V. . 23, the directors declared a dividend of 10 cents per common stock, payable Oct. 15 to holders of record initial distribution of like amount was made on July 19, the on Oct. 4.. p, 3392. ' 'jJVl ' - fis*' 1949.* in yet PURCHASERS—The Consolidated Gas Utilities V. The $6,700,000. late with miscellaneous follows: as power the of not on of excess of 1148. 166, p. 3.1%.—V. On Net will and and Corp.—Weekly Output— investors. The proceeds of the proposed financing will be used to repay notes payable, as additional working capital and in connection with a plant improvement and expansion program under which unexpended appro¬ priations aggregate approximately $4,000,000.- Net 4 announced that System output of elec¬ tricity (electricity generated and purchased) for the week ended Sept. 21. 1947, amounted to 205,400,000 kwh., compared with. 192,000,000 kwh. for the corresponding week of 1946, an increase of 7.0%, Local distribution of electricity amounted to 187,700,000 kwh., compared with 181,900,000 kwh. for the corresponding week of last year, an increase 4% completed be unit completed have HISTORY 1148. p. Consolidated Edison Co. of New stock preferred approximately of will fifth BUSINESS—Company' was organized in Maine April 14, 1910. It was admitted to do business in the State of Michigan on July 21, 1915. Company is engaged, entirely in the State of Michigan, in the generation and purchase of electricity and its dis¬ tribution and sale in 1,261 communities and townships as well as rural areas, in the purchase of natural gas and its distribution 8.4 12.4 12.5 13.6 193,189,000 193,446,000 176,491,000 185,006,000 record at shares 112,974 The 1947. being offered are a part of 150,000 shares of second preferred stock which were authorized at a special meeting of stockholders on Sept. 19, 1947. The redemption price of the 4% second preferred stock initially will be $106 per share and accrued second —_ 209,422,000 217,356,000 198,610,000 210,096,000 output comparisons with 1946: 1946 % Inc. weekly kilowatt hour output The of cost unit transmission corner been "Including of electric energy of subsidiaries of this corporation adjusted to show general business conditions of terri¬ tory served for the week ended Sept, 18, 1947, amounted to 305,992,655 as compared with 570,352,259 for the corresponding v.eek in 1946, an increase of 35,640,396 or 13.18%.—V. 166, p. 1148. The 852. p. Y., -is* N. York, Following are the kilowatthour and percentage Commonwealth & Southern rejected it, Mr. Finn stated. Of the 37,000 shares of preferred stock outstanding, holders of 22,019 shares have approved the plan and holders of 187 shares have disapproved it.— of holders New outstanding, stock signified shares have already 7,565 shares have 169,414 Broadway, 1947 20 Sept. Stockholders cost of and the type of plant and the estimated cost been determined. If construction is com¬ menced, approximately $5,000,000 may be expended in 1949. In order to finance the above construction program, the company Co.—Weekly Output— Ended— Week Sept. a year ago. past four weeks the of trustee's 22 100 output of the Commonwealth Edison company and asso¬ ciated companies, ex-cluding sales to other electric utilities, for the week ended Sept. 20, 1947, showed an 8.4% increase over the cor¬ the earnings per share on capital a this cost electric electric Coinmon Commonwealth Edison Co.—Stockholders Approve Revised Plan— " Co., Electricity consolidated income account statement of above is a and Pere Marquette Ry. and stock after merger.—V. 166, p. 1148. company ,r Childs Trust Inc.—Distribution to Noteholders holders of five-year V/-zr/<? secured gold notes due June 1, 1936 that funds have been received by it sufficient to make a dis¬ tribution at the rate of $2.25 per $1,000 principal amount of notes. M NOTE—The York New The $2.06 Bryce a securities Colonial Marble Co., 9,795,028 9,905,618 20,842,568 16,580,585 $0.62 1,683,681 4,959,108 4,225,910 $0.53 taxes railway Net ry. Net 14,G'33,473 13,440,334 29,896,433 25,270,033 at that estimated eastern First 2,005,740 1,426,814 5,502,159 4,883,237 2,630,934 taxes the that this unit Manager notifying " at Comstock, at A J eral in- unit nameplate rating of Morrow steam-electric with through the issuance of additional securities in an amount which may aggregate-$40,000,000 before the end of 1949. Such additional Little, and excess prof- come .. .. .. Straka has rejoined this company as Vice-President and Gen¬ of the toilet articles department, according to E. H. President. Mr. Straka had been Executive Vice-President of Yardley of London, Inc.—V. 166, p. 156. , The equal $ $ $ 25,380,695 202,117,747 156,341,752 $ 28,906,861 income., Gross $86,056,306 $96,458,711 Vice-President— New 1947—8 Mos.—1946 1947—Month—1946 Period End. Aug. 31— ' 27,149,526 second the and 1948 of unit fourth distribution ($5,000,000), additions ($10,000,000), or a which it is estimated that approximately $19,000,000 will be expended in 1947, approximately $27,000,000 in 1948 and approximately $31,500,000 in 1949. It is also possible that the company may commence the construction of a new steam-electric generating plant on Lake Erie in the south¬ a MONTHS EIGHT FIRST AND 12,500,000 25,000,000 3,068,991 34,713,773 3,068,991 .— — Total instalments Annual surplus middle the the capacity neqr estimates estimates thereof 9,355,554 18,517 162,703 6,526,417 4,667,166 —->——v--—-—- S. generating steam-electric Cobb C. 000,000),- gas transmission <$1,300,000), and heating, general and miscellaneous total of approximately $77,500,000 of $5,112,756 to surplus ; Sec.-Treas,, Terminal for $5,300,000 of equipment trust certificates. dated Oct. 15, 1947, and aie to mature in from Oct. 15, 1948, to Oct. 15, 1957.- Cleveland, Tower, Capital Earned Ry.—Bids Asked— received on or before Chesapeake & Ohio - owing in of Muskegon, near an not ' ■ , for U, Amounts a 1948. ($1,200,000), $86,056,306 $96,458,711 income taxes — 93,579 foreign subsidiaries1,005,967 Deferred liabilities and reserves—: 7,582,630 $3.50 preferred stock (125,000 shrs. no par)— 12,500,000 Common stock (2,000,000 shrs. no par) —25,000,000 Provision of rating C. Weadock steam-electric, cost of approximaeely $5,325,000. E. approximately $5,325,000. will be completed in 1949. (d) The completion of the third unit with nameplate rating of 60,000 kilowatts capacity at the B. C. Cobb steam-electric generating at 20,412,919 3,562,500 $4,988,447 —— accruals Miscellaneous ASSETS—Cash, $885,729; U. S. tax notes and bonds, $707,520; receivable, $1,283,880; inventories, $2,605,925; land and build¬ ings, $1,290,438; machinery and equipment, $1,221,862; patents, $50,039; deferred assets, $96,387; total, $8,141,782. , : —— payable completed kilowatts laneous LIABILITIES— Accounts with unit nameplate rating of 60,000 the John C. Weadock steam-electric generating plant near Bay City, at a -cost of approximately $5,200,000. The company estimates that this unit will be completed in 1949. It is also possible that an additional 60,000 kilowatt unit may be required in this plant. * (f) The construction of other additions to the company's property 7,398,562 18,386,097 3,750,000 made John B. completion of the kilowatts capacity at 819,347 6,009,035 (netj_ bal— the (e)- The $7,464,434 11,508,000 15,917,956 23,374,993 —-——649,111 — plant and equipment—at cost trade marks, etc.—unamortized Property, accounts LIABILITIES—Common — ' nameplate are: fourth the of completion company company 981,403 $1.43 $6,778,468 15,400,000 10,192,909 ' 24,890,636 Investments 1947 JUNE 30, SHEET, — ———— __— — BALANCE — be fall of plant Govt, expenditures 1948. generating ulant 4G'7,628 265,630 Dec. 31, '46 Jiine 30, '47 —— S. for to Muskegon The 60,000 $3,182,547 ASSETS 1148. p. of construction will (c) 455,084 $792,720 $536,031 $53,500 Def$515 Net income early in the in COMPARATIVE BALANCE SHEET —V. treasury with an initial installed generating capacity nameplate rat.ng of 120,000 kilowatts, at a cost of approximately $13,500,000. The company estimates that the first 60,000 kilowatt $6,311,156 share common per its proposes with 515,163 — and contemplation completion near* The 218,754 981,404 $3.10 made has in or The plant $3,152,654 29,893 •- authorizing Commission $5,500,000, of which approximately $5,200,000 will be expended during 1947 and 1948. The company estimates that this unit will be com¬ ♦■'*•-• ''-ti-i--* 218,755 2,000,000 $4.78 or reimburse to kilowatts pleted $6,201,840 109,316 Depreciation —-—• Divs. paid on $4.25 pfd. stock-. Divs. paid on $3.50 pfd. stock-—•• Dividends paid on common stock— service, or capacity at the generating plant near Comsock, at $9,783,002 foreign divs.— inc.. transf. Net Service purposes." The (a) 50,000 $8,758,002 1,025,000 from domestic oper.— income from Net declines— inventory price Net income 3,290,913 income operating Net . 1947—12 Mos.—1946 $5,327,185 $4,838,088 440,196 $458,170 ' expenses oper, Prov. Service Corp.—Earnings— 1947—Month—1946 Period End. Aug. 31— Operating revenues ; $25,270,175) as provided to amount to the company, by use property, the construction, completion, of facilities or for the improvement or for the discharge or lawiul reiundiftg of improvement of company struction 44,213,572- 47,249,931 18,771,860 14,659,140 3,652,232 5,770,000 4,659,033 2,400,000 for Public make capital expenditures for property additions from Jan. 1, 1S47 to Dec. 31, 1949, ,in an am°un'; estimated to exceed $100,000,000. Among the projects in¬ cluded in this construction program and which are either under con¬ 1947—6 Mos.—1946 $67,433,760 $59,354,911 89,165,904 27,323,772 — - - (estimated available Michigan acquisition or such 101.03. Co., proceeds be the obligations, for 1947 1946 1945 $132,306,711 $72,839,504 $70,831,725 exps.—less net misc. creditsfor inc. and exc. prof, taxes- Oner, the extension (b) 6 Months Five other bids, bid of 101.67. thereof: issuance of & net to of maintenance Colgate-Palmolive-Peet Co.—Earnings— Appeals.-^V. 166, p. 1148. and Errors $0.31 Stanley order "for . Justice by opinion an or share, for the per Joseph L. Boding, the Court he.d the substantial issue had been resolved in the 1942 case where assessments imposed by the State Department of Taxation and Finance were supported by the Supreme Court and, on last appeal, by the Court of In { $4,578,587, was appeal against 1943-44 Court has denied an J. State Supreme the the 1,178,416 $0.73, "531,635 , share per Consolidated net Appeal— Court Denies Tax N. J. Supreme The N. Morgan considered in 1,303,819 2,460,058 $1.06 $1.52 profit applicable to the company for the 12 months $2.71 per share, compared with $4,452,870, or $2.76 year ended July 31, 1946.—V. 165, p. 3392. ; i awarded July 23 on a was PURPOSE—The are Subs.)—Earnings— 1947—3 Mos.—1946 $32,235,019 $28,804,888 31— Period End. July Sales introduced at hearings before the view that evidence expressed plso sound a cn as and The City Stores Co. (& headed by Richard E. O'Dea, expressed substantial equity exists for the common stock issue naming a 2%% coupon, were received at the sale. They were: Ripley & Co., Inc., and The First Boston Corp., 101.299; Halsey, Stuart & Co. Inc., 101.2828; White, Weld & Co. and Shields & Co., 101.275; W. C. Lang;ey & Co. and Giore, Forgan & Co., 101.117: been In a company. The each 1148. p. organized to represent common letter to stockholders, the com¬ the opinion "that a both on asset value basis of capitalization of earnings." It has committee protective A stockholders mittee, 000,000 first mortgage bonds, 2%% series due 1977, at 102 and interest. The issue has been oversubscribed. marks, etc., $1; trade President on Sept. 22 announced that the managethe company has purchased an additional stock interest in the company from Eastern shareholders. He said the acquisition '.will give the group controlling interest, although he did not disclose the 'amount of shares involved in the purchase. I Offered—Kuhn, Loeb & $6,089,386;'accounts.receivable (net), $5,993,147; inventories (at lower of cost or market), $22,564,269; New York City bonds (deposited under New York State Workmen's Compensation Law) at cost (market value, $27,613), $25,178; property, plant and equipment (less reserves for depreciation of $7,585,641), $3,628,337; deferred charges to operations, $454,953; goodwill, patents, Co.—Management Group Central Ohio Steel Products ; Consumers Power Co.—Bonds SHEET, JUNE 30, 1947 ASSETS—Cash in banks and on hand, contingencies, $175,000; 4or Monday, September 29, 1947 CHRONICLE & FINANCIAL COMMERCIAL THE (1252) A • ' . .• -t )<# --'v-J. ' il h v " ~ I ' wm«i*taM4Uv# . Volume 166 Number 4633 THE Cudahy Packing Co.—Dividend The directors share per common record a Sept. 18 declared dividend of spec.al of $10 a f5 quarterly dividend of cents 20 share per new Nov. 15, 1912. The company par value, both payable Oct. 15 to holders of 2. This is equivalent to $1,05 per share on the old common $30, which is being split-up on the basis of thrbe new shares of old, according to a vote of«the stockholders on Sept. 15. The engaged par for one old shares 15, and a tins had year received quarterly of 40 addition to four cents 30 and cents each extra of an Jan. on 40 15 cents and payments of 30 cents 1946, the company on Nov. 1, 1946 paid a special of $1 10% stock dividend.—V. 166, p. 1148. electric ■ a - , Curtis U.47 Gross 1943 $2,618,0.14 Period— • . t ♦Net .Jqly 12,'47 „ incorpe ♦After $1,821,622 —V. depreciation, 165,. p.. c36. Decca Records, Inc. 6 Months Profit Ended alter June <& 30— ♦Adjusted to " $1,481,915 share" per ' 1947 charges ' give effect" 165, ti charges. '' $967,534 in $450,284 338,325 "$0.58 stock split . 1 he issue were 100.031 —V. to are was for be dated 1948-Nov. awarded received 166, at 23«s; embraces RR.—Equipment Trusts Sept, the and sale. Nov. 1, 1, tion 25 on They Stuart Halsey, bid a were: of the company changes ' . It 98.357. Two Hall Inc. & Inc.,, for $56,000,000 or of prevailing expected which it-is that expected economic-conditions indicate a substantial will become part of available 2y4s. principal the cash required result a of amounts Almstedt $19.50 per of of names bonds $10) share, less the several underwriters (& 1947 Net Sec. Surplus »After common J,——— per paid Company's 450,000 on March issued - in assets, 1453. 1, dividend 1947. H. connection which -••••, not with became the acquisition effective * 156,060 B. "July of as' of 1, F. . - with SEC Bullion 1947- Non-operating ■ 1946• ... $2,754,444 I $2,706,859 ; 257,507 355,493 income.. income 'Oper.; and gen, Depreciation $3,011,951 cost.... Outside expl. . 34,017 taxes. •• 276.756 • expend.—■ 381,716 •Earnings per the $1,021,382 shares of ' ; - common 396,322 $1,162,736' $0.57" . .Laird, * . stock,—rV. 165, . -750,000 Boston 200,000 Thomas —V. sa'e. and Bissell, & present 50 $1,387,270 200,000 Co. & Webster 300,000 The 1 Meed? each 124,553 on. March & and Dec. 17, p.- 2925. 50 were cents.—V. made: Electric Power & Light 165, For iof deposit $72,275,000 tion Mellon of Chase Mellon bond3 with National all Bank unmatured & Trust National such on 'date. their coupons Co., attached, Pittsburgh, at office or the 30, 4 GIVING: EFFECT or 33.1%*-over a.so ' ... . •First mlge. ! ' bonds; series due Aug. Authorized *• * ' l, 0 Misc. ,. 23%% PRESENT long-term debt (incl. withia- First 5% Steam Outstanding -. pfd. ($100 par>'_->__^_^_i.._^_... first: pfd..stock— f • • ;4;205,690 will used for purchase of company oni Sept. 15 (5c ..par). comnton filed Co.__l Equitable ... Offj.ce Mailed— ; stock ($100 Common-stock (no par).__4:__^___t^ * ** ^ *4,500,000 shs. par)^wo. .2,152,828 shs. by afiy indenture.' The maxihitim indebtedness presently by stockholders is $100,000,000. tRepresents )purchase obli¬ gations for, :g.nd secured by; coal-: lands and coal pfoperiiiek.-y ^ooo.ujO shares designated as 5% cumulative first letter * Unlimited ■authorized preferred' stock,"7 - - is on Sept the 12 plan of Co., 900,000 were trustee. Sept. first approval and oi in These 164, I Stores, Inc.—Accountants— have been and all 1 designated of its sub¬ ending Jan. 31, 1948, filed letter a of with SEC— notification with the SEC 1947—Month—1946 - 1947—8 Mos.—1946 512,845 462,243 $14,481 income" tax____ tax accruals. $25,786 $103,355 $154,431 5,198 1,700 4,000 ry. income. oper. 41,416 13,975 .f... 21,515 31,934 17,323 < f . $6,801 $15,496 6,349 15,550 $13,150 $31,046 : ... $316,674 3,971 4,120 <2,169 ;l- Income after fxd. int. on : .4,933. $83,658 $66,978 $120,675 37,016 ' ' : A . . $43,993 22,985 22,930' 1,396 11,058 11,383 $25,508 $32,979 $35,046 2,259 18,077 $4,598 * 4,142 2,259 ; : $23,248 $14,902 $66,969 3,271 26,533 26,161 - 1,360 chgs.. $6,858 ■ funded ... 21,245 - "18,077 and (way and. equip..... 166, p. G'54. W. M. -- Cr2,450 - - . , Gunther, has been with the store since formerly with Oppenheim. Collins Vice-Presidents.-r-V. 163, p. 3417. elected the 1939, • rnd. Co., I.rd., & Co.—Earnings— July 31— 1947 revenues : $550,834 302,242 Net operating 15, 25 cents Other — 48.075 26,141 72,652 67,412 $186,822 $155,03jf 202 1946, Dr 159 $187,025 $154,878 41.776 51.587 M i revenues ... income Total income Income sources 1 1946 $624,007 316,455 - (general) this year. In Oct. who Munroe, been Taxes rl. deductions, interest, etc.^ Federal income tax_._'______:. Net - —V." 166, 46,792. 25,355 $98,455 income $77,335 370. p. ■ ; have '. x. of notification at 5 for cents ' standing to are shareholders returnable by bankrutcy... the-stockholders', committee The and plan, Plan has been 437,932 for President There the July number the for quarter of . outf solely of common stock.—V. 166, of Robert Heller & Associates, a manage¬ the 1946, were of General third second it is 406,340 quarter Motors of quarter of common 1947 1947 was and and 436,917. with preferred compared 428,874 for stock¬ with the third announced. holders of common stock of record and of 30,577 represents holders of preferred stock of record These figures compare with 407,374 common stockholders and. preferred for the second quarter of 1947. Of the preferred^ Aug. 14 balance 7. 30,558 -stockholders in the third quarter of 1947, 21,697 were holders of the series preferred stock and 8,880 were holders of the $3,75 series preferred stock which was sold in December, 1946.—V. 166, p. 1050. { $5 the fair General Public Utilities Corp.—Weekly Output-^- ; ibhe "turea aTrd $3,000 6'/^ tdld bonds. Tne -offering will be underwritten group headed by- Wertheim & Co. Under the plan present consist Aniline & Film Corp.^—New Director— Heller, total Sept. 23 by October 15. termed will General Motors Corp.—Stockholders Number 436,917—■ holders has 1, next, from its own funds, all debentures due June 1, 1957. An was sold privately in July, ' the which Oct. engineering concern, has been elected a director of the above crporation, and.Harry M. Gross has been appointed Executive Secretary to E. Allan Williford, Vice-President in charge of Ansco.—V. 166, p. 759. . by on 3>/4% debentures ment will .be approved these of capitalization General on $4 400.000 854. Robert ■ reorganization $6,000,000 to the Equitable Life Assurance Society of the United States. Following this redemption, and the recent call of the 5Va% convert¬ preferred stock (redeemable on Oct. 14, 1947) the company's share. a will redeem outstanding of 1942 6,000,000 Proceeds : corporation the ible Proceeds feasible by the^SEC, -prpvides far raising, by ani offering of shares stockholders; pi ah amoOnt: sufficient with other funds to pay off tne principal-and interest on the::corporation's $4,754,000 • 5 % debeftta 6,000 Foundation of to .by Rockefeller purchased •; Operating expenses Depreciation are, at . petition Co., .of ... had from ry. oper. Frontier Power common required voluntary the Oil Pcnn . $616,200 Operating of . South . already * Va.; W. 150,000 - a 22 income..'....."... have 1,000,000 ;ruptcy/Act fot-btheiiplan-te~be-confirmed. ' > Confirmation, of the reorganization .would bring to; an lend- court .jurisdiction, .reaching-back toi" April 10, • 1941,- when: the- corporation filed wAs City of Quaker 53,230 Lincoln 200,000 dividends cash Denver. mailed Ballots and Harrisburg:, Pa.—Files income_._.u—__ Donald Co.-— of it the Franklin Simon & Co., Inc.—Two New Vice-Presidents 300.000 1,400,000 p. ; . of Pa., of 4,000.000 underwriter. as be; offered ; Charleston, ' . struct., . —V. Building- Corp..—- Ballots - of Eank $85,016 Depreciation 300,000 to file a court affidavit by October'24 stating shares voted for the; plan- and whether or not it has accepted, by. the percentage of stock necessary under the Bank- . ;.v on Duncan, trustee number ;been voting Court Donald The ij5oo.ooo.shsb+ > ■' Vi \ t f : .275,000 shs. 1,000,000 shs.' None "• for companies,, for Gaylord Container Corp.—To Redeem Debentures—" . Underwriter, Fleetwood Investment used for drilling aftd exploration. Co., from ry. Net input of subsidiaries kwh., an increase of some New York, a oil a " ' 56,554 debt 300,000 - and $28 chare a $71,035 Conting. issue to major $28 Pipe Line company's outstanding stock.—V. on 4% rents___ Inc. inventory, etc. stock, the deductions. Fixed charges Empire Corp., Denver, Colo.—Files with SEC— shares /the . pfd. of offered National companies stock 1149. p. rev. Total Sterilizing Co., Inc., N. Y.—Files with Co;; be The ; - ' Eureka Miscell. Sept. ,2,2 filed .a letter of notification with the SEC 65,000 shares oftcommon stock (par 10c) to be offered at 65 cents share through Reich per State expenses Net The. company, on for J. $75,000,000 •••" of company Other : • three Chase . ; Federal ' amounts due one cum. Part. " FINANCING Quaker revenues___,^ Net corresponding week of 1946; that "due to interruption of comfrom 1149. - The Refining oper. the- anounced Elk oper. The Electric SEC— Ballots, TO and $67,000 Federal System 71.285.000 kwh., by been year 166, The CAPITALIZATION, ' Elk Net of Bank, New York, and receive the full amount payable redemption, including premium and interest to the redemption . the have 3393. p. the hurricane, "deliveries estimated."—V, 166, p. 1149. been of office this The corporat.on imunications by. 10314, -surrender ended Sept. 18,-. 1947, corporation Amounted to of the proceed? National Bank & Trust Co.-, Pittsburgh, for the redemp¬ $7C,0C0,000 first mortgage 3 Va % bonds due June 1, 1965, at and -to deposit out of other funds of the-company the amount of interest payable on the 3 Va % bonds to the redemption date. The balance of such net proceeds will become part of the general funds of the company,-to be available;for general corporate purposes, including payment of a portion of the cost of the company's construction pro¬ gram. • " The holders of the 3%2% bonds-may, at their option, at any time 'on or after the day following the. making of the aforesaid deposit, with by Ry. Corp.—Weekly-Input-»— week ;17,762,000 .. to the 166," p. Stockholders Offered Fonda Johnstown & Gloversville RR.—Earnings— 400,000 Inc.—___ received June Clark, Howard S. law — company 19. through Period End. Aug. 31— ' Gibson-)^—'.. 19, June 10 and Aug. following-cash payments each; Co.—$75,000,000 Bonds Offered—The intends this Sept. made Oil The .. Co;_ Co. Wisconsin ivhich shares, directors F. closed mortgage refunding bonds, clue Oct." 15, 1969, to be offered at 99 (exclusive of interest from Oct. 15 to date of delivery). Underwriter, Warren W. York & Co., Inc. Proceeds will be used to refund $67,300 first mortgage 6s. ' 2,000,000 ,' outstanding cents 'the $0.71 bids, each naming .a 2%% coupon,, were received at the They werc;,Kuhn, Loeb & Co. and Smith, Barney & Co., 100.56;Halsey, Stuart & Co. Inc,y, 100.5297.: PURPOSE—Company . the company Florin Water Co., The other Two , of Touche, Niven, Bailey and Smart independent public accountants for Federated sidiary companies effective with the fiscal 150,000 Tucker, Anthony & Cor H. C. Wainwright & Co.' 1 300,000 4,000.000 Co. laul 200,000 -Securities. Coi'p 1,500,000 f board I of follow.ng: of Federated Department Webster Stroud & bonds Initial Messrs. 4,000,000 Bros.-& Boyce—& the 600,000 Smithers -& Stone 900,000 Co 166,'p> 1148. S. Stein . 4,000,000 — ! Starkweather-"&' - 200,000 400,000 Co.l_ & F. - this 826. p. 100,000 . 60 000 under* mortgage, and 862,098 1,3.50,000 , & directors have declared a 100'/ stock dividend on the stocky payable- Dec. 15 to .holders of. record Nov. 3. There 510,043 Corp. and associates on Sept. - 24 offered ,$75,000,000 first mortgage 2%% bonds, series due Aug. il, 1977 at 101 229 and interest. The issue was awarded 'Sept. 23 on a bid of 100.7699. •'*?" : ' H. Riddell of in shares each 1 - Scribner 4,000,000 &: Co.__ _ mortgage pius first Mutual Port J. E. on York The 100,000 C;arkTi_ Bros. $15,430,000 the 2,000,000 Pressprich & Co.. mortgage, stock, Life Insurance Co.; New York Authority; Seton Porter, Corp.; Edwin I. Hilson, partner of SclnLer, Vice-President of Bank of New the Refining Co., Oil City, Bradford, Pa., expires Oct. 31. . Duquesne Light First Hancock of court, include Co.; offer, State ;,EI Dorado Oil Works—.100% Stock Dividend—1 c- -18,000 - will first common value. par the of Distillers 7 Months Ended 1,137,940 k "V 41,748 $0.60 : - New $3,095,001 • 32,000 $1,101,799 share..$0.52 1,946,668 1,181,809 12,080 • 39,000 . —■- $2,784,949 9,222 : . income *On 373,028 • 1,522,614- without Pipe Line Co. stock The Other ' $14,750,000 shares and their 200,000 Schmidt, Pooie & Co._Sheridan,v Bogan Co.— Shields &TC6.--——— Singer, Deane & 600,000 Kirkpatrick-Pettis $2,721,973 365,360 Co., Richards & W. Hutzier-». duPont & Co Dillon Co. Kidder,-Peabody ) $2,419,589 $3,062,352 1,679,797 — Reserved for. inc. . 1944 & (Inc.) V. Total Net •1245 R. .400,000 Forgmi &' Co._^ Graham, Parson^ & Co. Harris, Hall '& Co. . produced John Herman announced 400,000 i—_ Salomon 200,000 Dickson Co ——_ Richardson- & & Inc. Kay, Co. 300,000 First- California Co.___ Foiger, Nolan Ind._ .s M 200,000 Glore, Ltd.—Earnings-- 6 Mos. End. June 30— , b & Phelps, Fenn & C6 Phil.ips, Schmertz & -900,000 Eastman, Fauset, Steele . Dome Mines, 200,000 Francis I. eonipany on Sept. 18 filed a letter of notification w.ith the SEC 15,000 shares ($1 par) common stock, to be sold at $1.25 a share underwriting. Proceeds will be used for operating expenses.— 166, p. 665. ' ' '*■■• - .2 Newton fixed existing first mortgage bondls a . York Hanseatic Corp. 200,000 Inc.^j S. ; 1947. . M. the year exceed ....... 5,700,000 2,000,000 Moseley & Co New L.;Day & Co.J- R. D. E. & ' Co., Co.___^___^ Codings and Co^ Co., ! S. 400,000 C. R. of Morgan Stanley & Co._ F. & Cunningham extra shares without V, 200,000 a necessary to increase to to be purchased by th6 snares National Stockholders 600,000 — of be may stock Ry. — not and of $b00,000 will Dana, President of the Dana Corporation.—V. Pierce, Lynch & Cooley & Co Courts & Co.' S. K. $0.83 tExcludes ^ include as Share— ' Moore, Leonard & rJulien Co.lin5 & Co.„^£ 700,000 • of Eureka 200,000 Co., Co.____ Inc. The •for and F,: Boynton C. $57,931 ' $1.07 A. 4,000,000 & the they York payment to firm Of Wickes, Riddell, Bloomer, McGuire; Jerome A. Newman, Vice-lrresident of Graham Newman Corp.; Frederick Brunner, member of Arnhold Bros.; Junius A. Richards, partner in H, N. Whitney, Goadby & Co. and Charles 4,000,000 Beane_— Lynch, Fenner presently New Ox Alter reduced loan on Bank York. 1,206,938 approval of Chairman & York; and corporation Wertheim Jacobi ——200,000 Minsch, Monell & Co.— 200,000 Chaplin 525,000 -700,000 • . requirements. tDoes - $224,765' *; - $0.83 , Doman-Frasier Helicopters, Inc., N.-Yw^-Files • & Lcswortn, Sullivan ,450,000 525,000 the of for 400,000 Parker & ' 2,529,219 , President are Merrill 100,000 Boettcher $1,032,931 share--,—:—, net p. 1,127,784 $1,199,765 >.>$88,904 t700;00D _■ outstanding^.-.-. common stock —V?.165, 1,159,516 Co. bank consist unsubscribed common new President 4,000,000 : and of il.e to 200,000 Co. t525,000 regular, preferred dividends Applegate Inc. shares •Earnings, 900,000 G. Inc. $1,063,904 t450,000 dividends Common 94,680 taxes ).*■' dividends Common > Soc. 95,368 160,022 1945 taxes profit Preferred • and municipal ' tne Cullman, McJunkin, Patton & Corp. $3,656,830 ■ „ and 1946 $2,422,917 t.ne will loan shares of Subject to the them, respectively, shhres principal refinanc..ig tne be capitax.zation compr.ses debentures, 3,000 6% capital of scares the and the in by New will Present $4,754,000 of bank additional number writers. • Redpath Ballou, Adams $2,383,442 . purchased by American Securities cents.— Subs.)—Earnings— Operating income Depreciation inc. 60 be Corp._$11,900.000 Lazard Freres & Co.,. Brothers.: 200,000 Lehman Brothers-. Auchincloss, Diamond Match Co. (incl. of Geo. 6 Months Ended June 30— Federal, state commission a to follows: as 565. p. for of $993,000 such the such charges The First Boston Co.—Secondary Offering — The Corp. on Sept. 15 effected a second¬ offering of 5.0C0 shares of common stock (par 166, Co. charges capitalization $2,250,000 constitute 24% as stock new lVs . approxi¬ that bonds ' Initial .• that program ary at Trust fixed alone. the utility. lor Detroit Steel Products First of Michigan V. total prior to payment of charges of approximately . UNDERWRITERS—The . Midland loan, while It electric an Marine bank the in of to * reduction from Tiie nas factories, required energy lor mortgage share a subscribe with appropriations for retirement reserve and amortization and it is contemplated by the company that the balance, subject to the necessary approvals of regulatory bodies at the time having jurisdiction, will fce provided through the issuance of additional bonds or preferred stock although temporary bank borrowings may be made from time to time. ether Co., 98.81299 of advisable. are is foregoing ... , Harris, Co. & , electrical system. also first of to the John Hancock Mutual Life Insurance Co. at reduced rates amortization and interest, the latter to range from 3.65 'fe to 3.75% per annum compared with 4.4% on the existing mortgage. In addition, an amortizable loan of $2,250,000, due 1557, has been arranged lor by Wertheim & Co. production, transmission and distribution system rehabilita¬ betterment, new business construction and many miscellaneous Changes may be made in this program, if the business of and projects, 1947, and to mature $74,000 1962, inclusive. 1048. p. approximately income The certificates the provides the on V's of mately $7,500,000 Will be expended in 1947 and approximately $13,400,000 in 1948. The largest project in this program is the installation at an estimated, cost of $8,500,000 of. the second unit at the company's .Frank R. Phillips generating - plant, -'The balance of the program ' maturity. semi-annually May 1, of Rys. pian ■ Bros. & Hutzier, Drexel & Co., Union Securities Corp. and Stroud & Co., Inc., on Sept. 26 of¬ fered $2,220,000 2y8% equipment trust certificates, series L, at prices to yield from 1.15% to 2.55% according to bids company lurnishes all of the Pittsburgh businesses other-than that of .in " Offered—Salomon ana coct entitled outstanding $15,430,000 4.4'^ first mortgage, due 1974, with a new $14,750,000 25-year iirst mortgage. The new mortgage was negotiated the by 1947-1951 CONSTRUCTION PROGRAM—Company's program for systcm improvement in .the-years 1-947-1951 contemplates the expenditure 388,325 v;°$1.25 • Denver & Rio Grande Western sold energy . 382,849 common • ■' 1945 $333,133 734,.>29 . electric Company ownsa.l qf the capital stock of Allegheny County Steam Heating. Co. which furnishes' steam heating service to approximately 435 customers in the principal business section of the city of Pittsburgh. The company is a subsidiary of Philadelphia Co. and utilizes certain property and personnel jointly with Philadelphia Co. and others engaged ■ 1 $1.14 two-for-one 3050. p. : 1946 . - 776,650 ' > —. November, .1946.—V. $513,990 $1,701,863 f>92,766 $889,149 Capital shares outstanding July 13,'46 other Subs.)^—Earnings— profit' Earnings all > Provision lor income taxes——• Net 47 $334,351 taxes,. and wlil rccei\>e without share held and will be stock at $3 a' share, each new interest of supplies energy to some extent under, interchange, agreements to non-affiliated electric utilities. Company owns and operates certain coal-properties and the supply of ccai for its power .plants is largely secured from this source, except that coal for the operation of the Frank R. Phillips generating plant is now being purchased. r-28 Wfeeks Ended— $168,864 Federal the now sale equipment,- electrical -macninery- and equipment, refractories, building material, plumbing accessories and chemicais. Tne Pittsburgh district is also an important railroad and river transportation center. , The July 13,'43: July 12, $96,047 , interest, of is and food products p.ants, ferro.us and nonferrous metal foundries, oil refin¬ eries, steel laoncaiing npianvs ana p.ants manuiacturing railroad operation Ended- all and company distribution glass Cushman's Sons, Inc.—Earnings— —12 Weeks of The Pittsburgh district comprises a highly industrialized area particularly noted tor. .its output ox-steel, pig iron, coal ana coke. Otner important, industries located in, the district include < . . earnings 165, p. 2797; utility transmission, Substantially energy. for The operating; public, an production, company , Net is the stockholders ' ' aggregate population based on. the 1940 Federal census of approxi¬ mately 1,440,000, of which,, according to such census, 671,859 reside in the city of Pittsburgh. operating revenue l $63,478,518 $46,739,406 Eamingo before Federal aiid State inc. taxes— '■ 4,790,263 2,910,^24 Reserve for Federal income taxes—■ 2,022,000 987,950 Reserve for State income taxes •.150,172 100,752 -V. 5 (1253) an Publishing Co. (& Subs.)—Earnings— 6 Mos. Ended June 30— CHRONICLE company is generated in it3 own p.ar.ts. The territory served by the Company embraces the city of Pittsirtugh and surrounding municipalities in Allegheny and Beaver Counties, Pa., and one municipality in West¬ moreland County), Pan This territory covers an area oi approximately 817 square miles, includes 142 communities (cities, boroughs and townships.) in which .eiectric service, is furnished by tne in ih cash and in ' April on July 15. each made quarterly FINANCIAL • cents ti>e on & BUSINESS—Company was formed in Pennsylvania by the consoli¬ dation and merger-of Duquesne-Light Co., Monongahela Light Co. and Oakmont and Verona Light, Heat & Power Co., under agreement dated Oct. stock, •In ore and stock New Common Stock on COMMERCIAL '1947 or electric output of 13.1% over J this corporation, for the week ended Sept. 19) 139;063,791 kwh.,%an increase of 16,069,720 kwh* the corresponding week of last year,—V. 166, p. 1150. amounted to 0 Operating / expenses 1946 1' $5,208,879 4,610,195 (4,188,106 $1,190,914 revenues Operating $1,020,773 /_ — - Miscellaneous ,1 Total Prov. •• • - . income Class ? amortization, Prov. —258,040 income Federal for 289,000 —- profit .Common $596,899 a/-—— 600,000 shares outstanding——, Earnings per common share— y. 166, p. 268. \ t . r - Week Ended Sept. 14 1S47 Operating revenues 166, p. 1150,-, $43,300 . $41,125 Falls $1,716,003 $1,822,059 : The C$5 The three shares • for ■ . . *• to holders of its out- to subscribe for the r.ew stock at the rate "of rights standing stock, t ' . plans to offer, early in October, company each. shares 10 then held at price a to furnished be , • Iyy amendment. -Any unsubscribed stock will be purchased by underwriters headed by , .Morgan Stanley The Co. practically writing ,'of every of form standard . Since Insurance1 Co., dollar creased volume sharply strengthen written.-—V. in of premiums recent Gloria Vandertjit the except insurance between- its funds capital premiums and President Handman, of cosmetic Products, Maurella Street, 60th active Continue York, New the in Y. N. i San Diego, Calif.—Filing with SEC Stores Co., Grand 10,000 charei 17, Sept, On * of.which 5,000 are (the SEC, common stock were filed with behalf of Edwin A. Barnes and 5,000 both VicerPresidents of the company. ($1 .par) on behalf of Harlan B. Eidred; The shards ^re to be sold at On 1721. Ji. market .... Great Northern Ry.—Obituary— 4 * (died ;. - t . ^ . ■ . / - ► - r '"' in New Waiter Great South Bay described. in Hawley ' .■ The Co.—Partial Redemption— redemption A (operation of the sinking fund, $7,500 of- first refunding mortgage 5% Wold bonds, extended to Nov. 1, 1949, at 102. and interest. • Payment W.U1 be made at The National City-Bank of New. York,.trustee, 55 Wall JSt, New York, N. 164, Y,-r-V. Greenback 1594. p. - Ine-. - , manufacturing business Hawley of & Deprec. Net company stock the and Hawley ft-'-Hoops/'--;11 - changed five years later to was severally, agreed have underwriters ($10 the set forth " Blair & stock, to . be Associates and Inc., offered Sept.. 25 on F. cluded which of units the in 18,500 will shares :-writers and to to such officers and be customers certain «r offerings of the balance of or private sale may" determine. tC. «I New Jstock National , and .. , 273,509 about or net . of --"••• Co., Inc.___;_ stock to be shares - of by I. ' class purchased - 1,000,000 1,000,000 1,000,000 1,000,000 $0.27 $0.52 $0.31 $0.33 ' 158. Preferred Stock Of¬ Inc., f 1,305 has INCOME - 311944 $2,367,652-, $1,369,641 2,278,416 ' 1,499,369 684,998 587,643 v 965,845 - Federal •" j __'_i -. ^ $489,3lr $1,580,075 income____ 31,303 normal,, tax -. 13,498 237,380 $196 415 $280,634 ^8,807 • 142,411 profits 200,000 shs. 8,172 '/2 sbs. 14.900 shs. ,('750,000 shs. : 7,525 fihs. - 14,900 shs. 410,000 shs. into 5 ^ for: the" previous fiscal year ^.payments i made during .the t-6,932 , t-- ending Sept; 30, less the amount ot prct -ri^vious. fiscal -year (mot r required, by,, this provision. ' ' ' -r 68,824^"36,045. ,T '/-.t'*'*UNDERWRITERS 103,271" and . OF:PREFERRED STOCK %o/bf ■ v 1 ' 1 '- No. Of Shs. 400 101 588,000 exc. 400 126 taxes 40O 400 Consolidated net profit '-,3.00 '300 Candy Corp., which wiir acquire certain assets of Haw- ' ley & Hoops, ,"i from *"• Shares entered $203y347 $289,441 $502,841- $1,611,384 surtax Fed. par). ' i • ' operating profit Total othdr charges____ • (10c <$20 par)— , $1,100,000 of 59,600 shares are reserved for conversion of tht> 6% convertible preferred stock, series'Hi .tCompanyt an agreement with Bank of the Manhattan Co., The Marine Midland Trust Co. and Central National Bayk of Cleve¬ land under which the banks have agreed that subject to certain conditions and„ concurrently with the-delivery to the company of the (stock oL Star Manufacturing Co., but not later than Dec. 1, 1947, the banks will loan to the company an aggregate of $1,100,000. Such loan is to be represented by notes of which an aggregate. of -$150,000 are-to mature on Oct. 1, 1948, $200,000 on Oct. 1, T949* $225,000 on Oct. 1, 1950 and Oct. .1, 1951 and $300,000'; on Oct. L, :: 1352; In addition 'to - the Required1 payments at 'fixed- maturities, the company is required by the bank loan agreement to payr.on Jen/, 31", " 19491 nnd on eaeh/Jart. 31- thereafter- on account /of the principal *ft : the. then last, maturing notes a sum equal to 50% of the consolidated net earnings of the company and its subsidiaries " in excess of $400,000 14,900 , Total A - (, aggregate of "Ap 1.305 $3^452,757 stock Common 1,305 1945 as Outstanding 1,.* , —$1,100,000 1952 1, stock ipar $201 —a cumiHatlvc series a; J$20- pai'l —" J * 3,915 companies) be - Oet.t serb-lly ir-or* due Oct. to convertible series B, 3,915 —Years Ended July will capitalization ■. Authorized 6% i the will Co. • . 7% 1.000 194S 1,148,135 other . Preferretl admin, Operating profit Total Manufacturing Star of 1 6,530 3,869,722 expenses ' stock of 1948 7,835 3,000 subsidiary and fund3 of the company. the general of 6,530 $6,597,934 & folk such payment out Notes! t4% 7.835 re¬ sold gen. . ' 1 CONSOLIDATED OF Products, turns, .etc. Selling; of payment -• 7,835 . 1.000 11 Mos. End. goods the be The Co. V CAPITALIZATION—After completion of this financing and acqui¬ - ' ' Manufac!- SJar Manufacturing Co? Tri the. extent that 'such balance is insufficient to pay the full purchase price of such stock, it will be necessary* to follows: ,1,000 less Cost, of toward • provide 3,000 & Tornga. $1,100,000 applied to the payment of an equal notes of the company now held by Bknk balance of the proceeds1 will be -applietl the purchase price of the capital stock of will of the 4% $650,000 Manhattan the sition 5,000 Corp — sales, proceeds principal amount of 13,055 : 5,000 ; June 30,'47 Gross a new bank loan in the amount of ■ the purchase of. the capital, ttock of Star with ' , (Gum such , _ 19.590 6,000 - b_„ STATEMENT Registtat:' Bank . of 4he -175.000 common eut-tdg- share.,.-- 11.750 9,000 Co., Inc.___.J_________i_:. Company Larson • pur¬ 68.200 6,000 : ,_i King '& Company. -(underwriters, .after deduction of - expenses, estimated - at- $80,000, amount to approximately $1,798,050. Such net proceeds will be used "■*bj the corporation for the following purposes: To purchase, all the capital -stock of its subsidiary, H. Si H. "> ■ & , and an offering stock at public market price at* tiie York.;. New $327,225 166, p. concurrently v- 44,395 6,000 Inc.. by' the , proceeds shares Bank, 208,405 $314,223 '.turiiig Co. "The aggregate net proceeds of the sale of the new preferretl -.stock and the new bank loan will be approximately $1,350,750. y Of common the 182,039 $527,613 which it is- to obtain ( , Chase PURPOSES—The - « Agent: York. at Williams T. DeYoung, the .underwriters of & Securities not in¬ offered 424,233 $269,357 - Co.__ Co., York Bradbury-Ames employees of the shares & ,, offering, at Such later.' dates' 5as' the undefwri'oeSa ' " . Transfer . made, be may such (time of any of the W. Clayton corporation «nd in such amounts as may be requested by the corporation at least JKbree days before the closing date, approx.mately 41,200 shares w;ll fie offered to officers„_ directors and partners of the several undereeveral underwriters Putnam L. Wairen 175,COO additional shares, of common stock -are 98,500 $118,819 68 200 10,000 Emanuel,: Deetjen & Co, Goodbody " & Co.___h 'cqiiVertible ((par $5) and 175,000 chares of common stock (par $1); The .stocks were offered in units of one share of each at-$l 1:50 per unit, plus dividends on class A stock from Sept. 15r*- . addition, $132,190 Hercules Steel Products Corp..— ' 34,000 > 15.000- Fxfcik Knowltbh- & r .shares of class A stock 60b cumulative I In to 35,000 'V;./ '.!, Graff & Co. MbManus & Co. Baker, Himonds & Co._J Gum Products, Inc.; Bostbn—Stocks Offered—-Blair & > Co., $103,'381 293,603 per 4Loss.—y. Common 35,000 ■" ' Joseph two .shares5 of, common, • 36,859 t'$24,247 — shares Eanlings Nunaber of Shares „ Inc._-___^l___.__.____r__._„„_k Co., Hardy & Company__,____ M.. Hidder & Co.kl. "'-' offered in units of one share-of preferred arid at i$ 10 per unit. Underwriter, L.-L.- Ha Ley & <Co., Knoxville, Tenn-. Proceeds" will bs- used to pay for equipment end buildings. ' ***■■.',„ * ■ "'v. . common, 121,117 19,145 ... profit. profit Capnai respective stock -A. letter uf" notification with the SEC preferred- and 50,COO shares (10c par) parl 283,217 126,861 6,911 „• income Net number, of shares, of class beloW opposite their respective -V. jf •» -v.".» 4' . -• corporation common Class A 17 filed- a Sept. on shares 25,000 £35,064 105,437 5.785 (est.) depletion'-. and oper. Other \ ' Hoops- was-estab¬ S. Hvwley & Cd., Townsend, The tor 201,034 56,065 ■ accrued . j r- - Hoops, name names:' Industries, Inc.—Files with SEC (Tenn.) & candy chase from through Nov.., lr, next, on. $417,763 144,280 $181,884 sales Taxes the UNDERWRITERS—The -p ( . called-'for been have 1S44 $566,012 $513,259 Operating expenses lished over 72 years, ago-under the firm name of John ' There 1945 ore * which . from receipts , - Vice-President irr charge of the foreign^,department, York, N. Y„ op Sept. 19.—V.-166, p. 949. G. Dow, "Harry 1246 ' 1547 3 Mos. Endi June 30— • dealers.—Vi 164, registered to '. • . formerly occupied by the Vanderbilt, corporation on 60th St. Idas been sold to Maritime Express," Ltd.," 19 Rector St., New .York, JNT. Y.—V. 165, p.-3051. The salon . <1051. p; 5 manu¬ Vanderbilt, he rsaid, will distribution of the product. and 166, . Mrs. manufacture v Hecla Mining Co.—EarningsNet . facturers, 100 Varick St., New York,. N„ Y., pn Sept. 24 announced-that Iris company had absorbed the Gloria Vanderbilt Corp., perfumes, 16 .East owned which was previously a wholly paraday, - .. Corp.—Acquired.by Maurella— .&toc^ I ' "Maurice Manufacturing Co., of , Cincinthe corporate name) and However, Hayes retains of ■ Falls Group has1 in¬ capital is desired to Glens and. additional years the relationship 165, p. 54. of estate real organization engaged - life. The ' fered—Dempsey & Co., Van Alstyne, Noel & Co., Sutro ' ; T * & Co. and associates on Sept. 19 offered 14,900 shares of in January, 1940, the corporation v has been manufacture and distribution of specialty lines of 6% convertible preferred stock, series B (par value $20) chewing gums, including the sizes, shapes and types of chewing gums at par and dividend from Sept. 1. i popular with the juvenile trade, and since May, 1943; the corporation HiS'lOxtY & BUtilNESS—Corporation was organized in Delaware has also been engaged in the manufacture and distribution of certain May 10,. 1946 and shortly thereafter acquired all of the common rtock other confections. The current products-of the corporation include : cf Gal ion Metallic Vault "Co. (Ohio) which had been engaged in Yanks Bubble Gum, manufactured for the juvenile, trade and retailed business since 19C5. On March"12, , 1947 the Ohio corporation was in 5o packages; Ja\7 Teasers, a large candy-coated ball bubble gum .merged into the company. >■ .. manufactured for the juvenile trade, sold- at retail at ;2c each; The company is engaged "pi'imarily in the-manufacture and eale Chu-Mor, a slabi bubble gum/ retailed in 2c ■ packages. Cough-lets, of products for use with motor trucks, principally dump truck bodies a medicated candy-coated chewing gum, retailed in 10c packages; and hydraulic, hoists, and to a leseer degree in., the manufacture of B-Wise Girl/a breath freshener candy-coated chewing gum, retailed metallic vaults. For the last full pre-war production year burial .» in 5c packages; candy-coated ball chewing' gum sold through self(1941.) net sales cf dump truck bodies and hoists amounted to 73% service machines; and Harvard Nut Crunch, consisting of nut candy of total net sales while net sales of burial vaults amounted to ,24.3% .centers coated with milk chocolate, retailed-in 5c packages..' The. of the total net sales. For the seven months ended July 31, 1947, corporation also has a number of new products in-various stages of the 'comparable percentages are . 84.6 % : and 9%.' A development which have not yet been put on the market. • h The plant and principal office of the company are located in Galion, ACQUISITION OF HAWLEY & HOOPS—Substantially all the assets O; -Company has entered into a contract for the purchase of all df (except cash) of the partnership of. Hawley & Hoops and certain real the outstanding stock of Star Manufacturing Co.' (Mo.) It is con¬ estate belonging to its partners are to be purchased pursuant to an templated that such corporation may be merged or liquidated -into option agreement dated Jan. 27, 1947, as amended, and such purchase ("the company. Since its organization the company has from time to is to be consummated on the closing date contemporaneously: with .time had under consideration the acquisition of the assets and busi¬ the purchase of the preferred stoek and common kock by the under-;' nesses of other corporations or firms engaged in the manufacture of ( writersi As a condition ' to such purchase "of : such securities,' the steel products. If favorable opportunities arc presented in the future corporation, on or before the closing date, shall have" exercised its for-the-purchase of other businesses, the company may make such option to., purchase such -assets, and real estate-and such" assets apd other purchases if the funds therefor are available or .can be se¬ rear estate .shall have been transferred to a wholiy-owned subsidiary cured by borrowing or by the sale of securities. ' f of the; corporation. Such subsid ary has been incorporated in New PURPOSE—The net proceeds to- be 'received by the company will York under a name which, after such transfer, will be changed to amount to $250,750. Company has entered into an agreement under its, subsidiaries, Glens has facilities" for with 1C'*9 and, Commerce and' herein as • organized in was Indemnity ; the Co. & company Falls • . (No - .subsidiary of American Engineering Co., of Philadelphia, Pa. - American Engineering was acquired by Hayes a year ago through an exchange of subsidiaries of1 the corporation: Two Star' Confectionery Co. (Mass.), incorporated May 26, .1243; COughlin Bros. Co.,Tri'c. (Mass.), incorporated April, 5„ 1944; Remarc Laboratories, Inc. (Mass.).,' incorporated April 13,-1944;' and H. & H. Candy Corp. (such name to be changed to Hawley & Hoops, Incy, a' New York" corporation incorporated on .Aug. 29, 1947, All tlje outstanding stock of said subsidiaries is owned by the corporation. The Massachusetts subsidiaries are distributing organizations for ,the corporation's products. The New Yolk subsidiary has been formed to acquire the asSets of Hawley & Hoops and carry" on ^ its business on Sept. 18 registered with the SEC 150,000 shares capital stock. An increase in the capital stock of the com¬ to 650,000 shares was authorized by stockholders from 500,000 Sept. 5, 1947. certaih the are SEC 10 bemused for rehabilitation program. will Proceeds named.) 0hio, .for cash. nft ' ' the on share. a Adrian, Mich., to the Sperti Electrical Products, companies following The company , par) pany <on With SEC Co. Registers Y.)—Insur. (N. °lthek corpJ J Upon 1940. 5, par- Hayes Manufacturing Corp.—Sells Faraday AssetsR w Clftrk preSident, on Sept. 24 announced that tnis corporation has sold the manufacturing assetSvot Faraday Electric Co.,, ot Willi be ' Jan. $5 underwriter Inc., was incorporated-In Massa¬ organization, the corporation acquired as a result of a purchase from a U. S. Referee in Bankruptcy in the- U. S. District Court for the District of Massachusetts certain assets of International Chewing Gum Corp. consisting chieily of guhv manufacturing machinery and inventory, for $16,500 cash." . chusetts" • Glens cash ) its partners by ORGANIZATION—Gum Jan. 1 to Sept. 14 1947 1946' * 1946 at a purposes. Georgia & Florida RR.—Operating Revenqes"Period—r owned stock, preferred cumulative (currency basis, one licco equivalent to 50 are to be- offered for subscription to common basis of one share for each 1% shares owned shares The stockholders capi^z&tlon oEn1J5°0n^ares of caP ^ $0.77 . J; cents). partnership and sub¬ and certain real^ estate used is Hoops & (except assets its all 175,000 shs. 800,000 sns. 437,500: shares will be initially reserved the 175,000 shares of class A stock. HOOPS—Hawley & 175,000 shs. * * 1,500,000 shs. 7% shares 500,000 Philippines pesos per share _ . • covering Outstanding s'f . $503,745 600,000 $0.92 (par, $51 —; — The company on Sept. 24 :/ , closing date to H. & H. Candy Corp ^ f organized for the purpose under the law*of New York .and upon consummation of. such transfer , the name of such subsidiary , wm be changed to Haw.ey & Hoops, Inc. Such es of-iaDltal' pcrated; with an authorized stock (par $100),..and all its outstanding capital stock . will be issued to the corporation for $1,650,000 in cash to, be used to. acquire the assets of Hawley & Hoops and such real estate and for: the other ♦ :,.2iet 273,500 shares of business and its in 244,345 398,000 taxes——. conversion! the $11 (par authorized stantially ad¬ of stock Hawaiian-Philippine Co.—Registers with SEC— fi ed a,-.registration statement with the and sale by the corporation of 175*000 shares of common stock is as issue and stock, 60c cum, coriv. HAWLEY $1,037,090 $1,252,940 j and plant display the stock 1 the' 'Of for . vertising A Common, . - — retirements for • . 14) A Authorized 16,317 62,026 (net) income class of follows:"'"' ' .. V Profit shares 1947 $5,801,103 Quarter Ended June 30-^ and Corporation, General Outdoor Advertising Co., Inc.—Earnings—, ; * 1947 Monday, September 29, FINANCIAL CHRONICLE THE COMMERCIAL & (1254) To a partnership, and certain real estate Hawley '& Hoops--L J_r_„„:_r._ $1,650,000 outstanding 5% preferred stock at- ll0__ 60,500 part advances made by officers_n__..____ : . ^67,550 the partners Of redeem its in repay H. & Hi Candy Corp. will apply the $1,650,000 to be received in consideration! of the issue of its capital stock as follows: JFor purchase of certa+n" assets of Hawley & Hoops pursuant to the cption agreement. Total purchase price (estimated, incl." an estimate «f $100,000 for machinery and equipment received after May, 31, vy June Net , llaw ey & Hoops, which deposit? arc to be credited against the pur.chase price, $187,500; for expenses of incorporating H, & H. Candy Corp. (est.), $2,750; for working capital, $26,097.* , Vi'fhe sum of $187,500 paid to the corporat'on by Ha & H. Candy Corp. to re:mburse the corporationr for deposits1 made by-it to secure o~t on will used be as follows: To repay balance of advances made toy officers, $12,450; to increase the working capital of the corporation 8,175,050. expenses CAPITALIZATION, (Adjusted The to give GUM effect to PRODUCTS, INC. present financing) and as ®djusted to reflect (1) the amendment to the corporation's agreement Of association and articles of organization adopted at a meeting erf the capital zation stockholders held of the corporation as of June 30,. 1947, distribution of 526.500 record of lt755 (Shares of commbvv , stock (no par) outstanding ofl Aug. 27, 1947', in exchange for tfcaif h ldings, representing a 300-to-l stock split-up,'73) lire redemptlbh of all outstanding shares of 5% preferred stock of the .chares of common Aug. stock 27, (par 1947, $L> to (2) the the holders- of 453,167. 632,957 92,897" r 123(233 • Johnston,-Lemon gen. i. rs__ profit Operating , $141,077 _^__ income Other -•■, $151,503 ' 498 - 'V ' —4- 2 375 ." 1154.70 "17/7, ' Vvf ; ;■ > "- m • .•«tR«-oK»7*«ion iw; $156,257 '. (.'$120,137 239 ,2; 028 . • Galion (a), • * r Total' income :Zz- $141,575: " '■# $156,497' $153,879; .. 29/927 —. *"•' r 166, '____ ____". Net profit p; $111,648 ' ;; $121il77'.>' $156,497^/ $|20,18l (C. M.) Halt LamprGo.—Gapitalization X^crea|eid^50% 1 stockholders-ori Sept, 24 voted .one new proposes ;-share- .for each determined later. stock by 89-,6-1714 Transfer anc't to This The split.-1 two action shares to to -increase the authorized eepi- a a stock distribution shares presently held would increase the new sharfes. . . ■ - earned surplus is planned to accompany 17,078 83,816- - 1.705,397 190,918 2,655,491 1 :.'V 336,179 / 578.830 -.404,500 425.000!' 5 583,829 427,000 — *— ' June 30,'46_ The Company— » , > - 150,626 4,955,767 30, 47„ , 68,64^ , 93,800 303,145 122,213 - . ■ /: Yfeat Ended Jan. 31 the 1348—/-a $120,820 del.$59.034 —a V1S47-J— / '* 046,88 7 def-.$59 034 t 358.887 *■$188,000 115.150 Z - 172,724 876,655-'287.874. ^Reduced approximately $23,000 by .carry-forward of -.loss'* cf—pre*- JUly 31:1047 (8mo5.)-i:/". • 1,876,124 -• <• • ceding' year—V. 16G,- p. 1150. v 1 -fit*** - 4. . , , 171,179 113,3"4p 154,955" 153,830 156.829 ,.,.,,91,126 227,500 2.16,013 ■ , -121,918 , ,, 59,500 533,645 1,630,173 ■ - ■ 13,951 ' 235,537' 348,877 559,455 896,752 - 88.14^. . 15174 ( 75,000 ' 215(000 5,887,580 , : Proiit'; • 3,127 1,051,042 i - ,$>18,372 29.989 Mayal,'47—July 31,'47_a .. 1,554,073 (cj star Manufacturing Co.— .. * , , ^21.0.c4 , 113,138 875,523 — May 10,'46—Apr. be .meeting was adjourned :uritil" Oct/ 2 to eriable stockholders to act on' any fehanges- which) might be>trequtred> byr State or Federal agencies in the amendment increasing, the capitalization.— V. 166, p. 1150. ' - «. Taxes' <9 ;$39,426? 3,633", 428 ;.v /- stockholders' Fed. Taxes•• ■ ;' -^ejt 5,135,634 (b) outstanding cdrnmoh total of 268,851% i 1.1:09.727 1945-'-,— at 'the" rate of at-a-1 date' to /i Fed! L344L—a 6 Mos. End. capital aeeount of $230,319 from present capital surplus $217,767 from present stock issue to 1340'- ' f 1 1943— tqlization from. $1,000,000 to $2,000,000 bv increasing the number of $5 par common shares authorized fiom 200,000 to 400,000. company Sales a • Profit Before $1,063,942./ V19421 ^. •" The 1 .-1941— , ' . •( 1937— 1938__r. _!i'_ __1—_'_L -■1939^*—-—------ ;. i Stock Dividend to Be Paid— - . Metallic Vault Cfr— "Net : V" . 949. - SUMMARY OF EARNINGS ' '■ 1936-—^-' . t '• k ~ —V. Y.;ars- 1,984 1 32,702 J v ,•($122,165 - Other deductions ■' ' 500. ■*%,. Ctysaig© 200-. >4pj",.-•L'qu-is'-H-/ -Whitehead*200 -*,: ""Gebrge R1 Cboley & Uo., Incl. 1 i 1(346: 7 •'T,':' /Calendar The . • sold—— goods Selling, a-dmin. and Chase price, $958,959; for purchase of real estate from partners of Tlawley & Hoops, $474,694; to reimburse the corporation-for the del<os ts made by it to secure the option to purchase the assets of $907,694' " it 1947, and commitments for addiUcnail machinery and equipment'be¬ tween that data and the consummation of the purchase-), $1,146 459; less payments made on account of option,-$187,500-; balance for pur- *"1946 30,'47 $687,143 : sales, -Ccst; of • . < Volume 166 Number 4633 / > R. , B. Has Gookin, formerly been C. • . A. eiected Brinkman, le-elected.—V. the Comptroller's Division,- the "V" , since Comptroller 1, -1945, July 166, p. 949. was ENDED .. sales, less discounts, Co^t of goods sold, Profit from JUNE returns operations- Other income been income , I__/„___/' to reserve Balance of net lor future profit, inventory transfd. Surplus balance Dec. 31, to earned /_____ $6,782,804 decline--^-— price " ' that further expansion ties will accomplished $4,782,804 1946-'-— $28,474,174"' Common stock dividends declared also are June 30, Barney R. 1,028,624 1947 J. Pressprlch W. Ames, $26937,863 Common shares outstanding—: Earnings per common share— ~^-V. 166, p. & stock Emerich The W. Lde &. .Co.,. Whipple & ' Watts ized issue ~rV. of 166, Sept.. 22 on 60,000 shares of 949. p. approved second the creation preferred stock of . ...... ' » of no value. par ; , Manufacturing Co., Farwell, Inc., Rochester, N. covering 200,000 Rollins & shares Sons, stockholders 19 filed Inc„ who ($1 par) New will registration statement with a stock.. common Y.—- York. The shares receive proceed?.—V. - • ■ have of been amount called for Cas interest. first mortgage redemption reduced Payment South LaSalle 1051..' p. sold ^Lbrd H. by 36-• by 15, made at 1947, the at plus Trust The Sept." 2, dated bonds Oct. on be ^1.119/, 3".357 Hornblower & Weeks and - 3.357" St., Chicago, 111. - Subs.)—Earnings— .9 Months Ended June 30— sales 1 Net ... Gross '.'1947 . — '• •Cost of sales, incl. sellg., adv. and deliv. exps., Administrative and general expenses—' $3,787,885 5,467,724 293,779 f •Total income Discounts, prov. Prov, for :Nct shares outstanding charged to and manufacturing other Hooker Electrochemical leasehold of of 166, lm- been sold ■& Co. shares on for the by the underwriters for after purchase agreement, Such 1,262 shares have baris to two purchasers by Smith, Barney ! tax--_iL. 822 L\. . 371,552 $4,764,095 455,600 2,678,100 "' 113,850 • - 480,000 2,830,500 75,000 —- — charge to inc.- i . ipcomd': j • 133,700 The out Alms of $1,694,018 $1,063,286 Hotel Corp. has called monies, for $40,550 redemption of class - --«.-• - •* * u. Ended net operating and ing in the period first of half administration, of 1946.—V. against 165, 915,424 tons in ore ' the-correspond¬ 2799. p. writing commissions cf $101,472, will penses, Egnk, New .PURPOSE—The net • available for general proceeds to corporate be received by the including purposes, company will be financing the ' of a v The. company British Refrigeration the proceeds of term obtained by the company early ®ion plant construction has and presently will be contemplated out of met ciation and of proceeds insufficient raise bt; 1947. not The aggregating extent of yet been; finally financing of and1 current financing. such for to in the loans such $3,000,000 1 : further < •The :1 expan- determined. concern, It is expansion that such resources may of such - further financing, if of/4% (p,ar is GIVING EFFECT TO PRESENT notes 5:4.25 due Dec. Common stock i1:4'HISTORY York New ($5 at oi The Development & since par)- - — ■ the 100 different chemical products. sition'of salt solution in of cjilorine, caustic soda processed and materials resulting sold chemical products. tries.: Its • " •' 50,000 shs/7* None- . • in 20, active existence which a cell involve of ©f the first hydrogen, combined and electrolytic first input of the selected plant because ' •>;» 11' '•. . >"■• 1' issue 35,000 improvement issue stated proceeds 166. p." of operating short-term may from be bank required the to proposed facilities. Company shares also the permanent construction financing are • the directors declared an extra dividend of These basic products or reacted with The then are some income from the cells* anej equipment cells, in from" the on which a sale and licens- - licensing of certain decomposition basis of of cents This on Sept. with 25 40 cents on were Cmpahy 165, is on each cents paid; Jan. 2 Oct. 1, 30 cents each. ' took or and 2, April •= . controlled about were Jan. - by action on Oct. 1 the on the April 1 In 1946, 15 cents l, 40 cents each; , • The and July dated of Sept. $330 months" of the . 3 In ex 33%) an Oct. 1, would pay offered group a (' •:••); ^ . . 4 » net the proceeds 109,866 derived funds from the shares from of sale of the $3,500,000 1977 common operations, they will be used as the basis of withdrawals of cash, trustee to the extent of 60% of the cost or fair valub,. less, of the property additions of the company, plans call for the expenditure by the company of approxi¬ is or acquisition, of. to property properties gas TO COMMON $15) (par of are its principal pay¬ convertible 6% gold " "'/ '* debentures be quoted 1947p,that the debentures shall continue to be dealt in 1947 con¬ additions,, consisting of approxi¬ and additions to electric generat¬ and approximately $828,600 for mis¬ STOCKHOLDERS—109,866 shares of com- to the issued be Time, stock of record ratio Oct. uDon Vs of at share a 1.947. 8, the of exercise Oct. tha close of busincvi The of additional common^ subscription warrants of price together if. wit?*, 1947. 8, addition-to -the shares covered by the holder covered will by be entitled outstanding as to subscribe outstanding warrants, nearly'" as'practicable at the whic|i warrants are upon same not et price for exercised, the basis that the ch, any sub¬ num¬ ber of share? covered by the warrant exercised by such holder beard number of shares covered by outstanding warrants whieiv are exercised b7 holders desiring to subscribe for additional shares, irrespectiv'e'of the number of additional shares subscribed for. For tlm purpose of computing allotments, th,e number of shares covered by any to the total means and the does number of not "include shares-specifically any additional designated shares in subscribed suck for. result bf'the" first allotment of unsubscribed shares on th» above basis, a holder would be entitled to receive more shares than thii If, as number a of additional shares successively among . The holder of a shares subscribed other Subscribers warrant tional shares subject to ., being.offered by the company for subscription common York Time, New ject to allotment 1 and that pursuant Massachusetts, 16, p.m., shares she res . Telegraph 1947, payments will be made beginning OCt.' l; 1947, per- $1,000 debentures ($30 representing interest for the six period ended Oct. 1, 1947; $300 representing a - '••;•**. 1' . stockholders made, Sept. York stock. 16, ment/ /on presentation for- stamping--of the debentures, due 1944. The Exchange on Septa 23 directed that-the they and holders warrant Stock- Exchange has received notice the U. S. District Court for the District of debenture "holr/ejc and ' preferred a the stock the warrant ip. 938. New-York orders of for' thojduly exefcised warrants must" be received by Manufacturers Trusfc agent/55 Broad St., New York 15, N. Y., prior to 3 p.m., Nuvf International Hydrp-Electrip System—To Pay 30% on Account of Principal on Convertible 6% Gold Debs.— to . ., Co., v- & , our OFFERING mpn at and July 1, last, following divi¬ Telephone of stock Holder representatives ••'. which additions the the the American / on common on 1947. • % Tt fa den/g't stogk tor each one'share of common stock then held of record, $15.75wper share. The company is issuing to such holders of its common stock trans¬ ferable warrants, evidencing such subscription rights and exercisas .u* only in amounts calling for full shares. These warrants were mailed on or about Sept. 18, 1947* are exercisable upon issue and will cxphi? declaration made unless is program extra. no - . received. dividend disbursing agent.—V. 166, p. 372. 18 ' - with by warrant 1904/' availability of electric power hydraulically generated from the waters of the Niagara River, and of an adequate tupplv of salt within a relatively short distance, coupled with excellent transportation facilities connecting with nearby potential markets. During" subsequent years improvements were made by the company in dends salt ■* The the compared Co.—V. of experimentally operated in Brooklyn in 1,000 amperes per cell was contemplated. fqr the 10 is ordinarily payable Distributions of This royalty basis. the directors dividend other many 1947 the company paid Interstate effective." mately $12,345,800 for improvements to 1052. Sept. ,48, be. accepted cannot Further details follow: struction T was borrowing','aggregating'$2,000,000 finance and contemporaneously accepted, declaration '-of additions. The company's cash construction budget con¬ templates, the expenditure of approximately $3,190,000 in 1947, $5,380,000 in 1248, $6,859,000 in 1949, $4,223,000 in 1950, and $3,835,000 it* 1951, making a total of $23,487,000. As additional funds are required, they may be provided from cash resources, from borrow.ngs and/inr from the proceeds of the sale of additional securities. ;■'/ to company , mately $23,487,000 during 1947/ 1948, 1949, 1950 and 1951 for the for Inter/Mountain Telephone Co.—Dividend Omitted— decompo¬ construction at Niagara Falls, N. Y., Development & Funding Co./ where commer¬ production began in January, 1906, the site and city having been the cial was .* the . cellaneous than more in the production of the "company's diversified ; These products are used by a wide variety of Indus-*-: processes were power authorized /• ... ing stations, approximately $3,510,500 for transmissioin line and .trans¬ mission substation additions, approximately $4,604,900 for distr'butioct line and distribution substation additions, approximately $2,197,20(1 ro United * , The New York'Trust Co. : ■ sale solution takes place, have been the subject of chemical' and engineering for, over. 40 years, starting with the original Townsend-Sperry units when , Sept. 24 and it On - research, small the similar Co.'7nt"the 804,204 shs. * r and operations are or had been manufacture and ;The company also derives The; company's contracts. for refrigerators -Illinois Zinc Co.—Extra Dividend of 15 Cents— eiectrolylic cells resulting in the production 3ng .to ethers of its electrolytic other'patented 50,000 shs*. 200,030 shs. 1,500,000 shs. / ——"•■ is engaged in company made • $3,000,000 par)—/' Funding Co., which 1903. The has RefHgeratof ... the spokesman bonds Present Place, Products,. ...•' pe/^shar^and the regular quarterly dividend of 15 cents per share on BUSINESS—Company was incorporated in 1909 in thjs capital stock, both payable' Nov. 20 to holders of record Nqv. 3. An that time acquired substantially all of the property' ./ extra of like amount was paid on May 20 and Aug. 20, while on Feb. AND and par)—-" —V. Outstanding $3,000,000 il/j- 1952/,_ 1„ preferred stock (no ■Cumulative preferred stock (no cum. until FINANCING Authorized 2% •,••'• on authorized :to ••.-,' for Grosvenor ■' > stock will be used* to provide a portion of the funds required for the construction or acquisition of permanent; improvements, extensions and additions to the company's property or to reimburse its treasury in part for expenditures made for sucfx purposes. Of, the net_prppeeds to. be received by the company from, the issuance and. sale, of,the 1977 series bonds, approximately $1,200,-000 will be added to the company's general cash funds and the trustee under the mortgage will retain approximately $2,300,000 In trust, pend¬ ing withdrawal by the company under the terms' thereof. As addi¬ Hussmann preferred stock, (par $100) and 100,000 shares of common stock $20)/" The: purpose is to obtain capital for the construction, which /CAPITALIZATION Ltd. of Hussmann •.. commercial 1 of Po\v^r Co.—To Issue Stock— FPC extension should it ' • of 19 at distribution , to form headquarters Hussmann, •"•'*/. formation stock, stdck' is the become at '- wh'chever company owns one half of the stock of the British the balance being held by British interests.—-V. 165, p. 3284. , Idaho The be be- necessary for the company through -further- capital financing. ' but it the Britain by '• • ••-.... including'depre¬ together with the earnings, the extent with the common that competing bid naming held American ... further pupose,. it. may funds predict undertaken. To Great " States. the cash resources of the company; accumulated this additional impossible that in mahufdctuieil bank Ltd., announced S, W. 1, England., for the Great Britain, .> • Hussmann British Refrigeration - and 2.4 London, in partion of the plant expansion program. •The expenditures heretofore made and now under commitment for " production lljis program have been and will be met from accumulated and current'. these earnings Sept. on •< ... . common several tions are Hussmann Refrigerator Co.—Forms English Unit— , .Transfer to Kern, together thecompany's property amounted to 912,722 1947 new new PURPOSE—The $0.92 ; 939. p. to acceptance of the bid for the new comnuo^i hearings earlier by Chemical Bank &' Trust Co., York, trustee under the indenture for the company's debentures, by • series 2,751;973". depletion, 165, fifst mortgage bonds 3% series due 1977 at 102y?/and in¬ $2,534,871 $1.41 ; ( opposition terest. ■■'...• . NOTE—Ore milled from tons including costs;, all .taxes.; $3,898,606 2,575,973 —. Mass. SEC Refuses to Permit Coi.if — i' - earnings t aff*» were issue of Sept. 22 of the offering by Glore, Forgan & Co. and A. G. Becker & Co., Inc. of $3,500,00(1 Smelting Co., Ltd.—Earnings— 3a——-.-"" 1947 / '/ 1946 ' 1945 June ' Johp T» Webb of Den.-, Messrs'.- Webb, Danser aRd committee, saft holders/would prpbably fare better under a, reorganization id bankruptcy., - ; ; " •; ' / ' 7 : •; ?'•" L 1 Halsey, Stuart & Co. Inc., and associates won the award 01 019,-* 400,000 in hew first mortgage bonds, maturing June 1, 1977./ Theitf bid named a price of 101.90 for a 3%% coupon.,'^ The award of the $8,635,500 of common stock put up fpr sale 6/ the company simultaneously with the bonds went to a syndicate leA by Lehman Bros/, Goldman/Sachs & Co. and Wertheim di Co. * The company had asked bidders to name the smallest number ct Hudson Bay Mining & Months. ' the following Iowa Public Service Co.—Bonds. Offered—Mention \vaj "' ' . the made in sinking bpnds, due March £ 1950, by extension, at 100 and inteiv est.' Payment'will be made/at the American National Bank & Trust Co.;, LaSalle and Washington Sis., Chicago, LL—V. 119, p. 2186. - and 1947, 1, • this amount of cash. The Lehmar.-« $4.05 a share for 2,132,223 shares. priqe bf $3,872,422 a share, for the com¬ mon was received' from a " group led by Harriman Ripley & Co., Ii»p. Two other bids, each naming a 3V2% coupon, were received foe the bonds. They were: Harriman Ripley & Co.,- Inc., 101.52; aiui Lehman Bros., Goldman, Sachs & Co. and First Bostpn. Corp., 100.399. -v. iiw. J,. 1052.... •. ; ■, fund income royalty such payment of $4,390 and after deducting under- • but before deducting estimated ex- ./ aggregate' $2,'784,649.. : ~ . Agent: New. York Trust Co.; Registrar: Chase National York. 2 Oct. on " • Delforrl t officers, Chicago; of of. Boston, share. a Goldman-Wertheim $1,230,564 6%' 12-year A share* • L, . as the old board,—V. ordered voiced A $1,098,996 sinking, fund the shares Cr60,23l _ 50,000 • board; . ——29,100 1,011,150 ' / -282,901 of • the preferred $4,392,543 $4,271,986 690,000 of of Paul renegotiation ."After, all Accordingly, the proceeds 13^,034 shares of common stock, crediting 328,143 $6,046,157 Capital shares outstanding./—_./_ 2,757,973 Earnings per shave.//-—. $2.19 purchase agreement. ^he sale of the from . surtax (net): "Estimated $27,133 accounts of the company 2,260,917 $2,819,840 / *' by , groups. Hotel Alms and Ifotel Alms Service Building, Cincmnatl, OhioH—Partial Redemption— - "" the several underwriters at $28.50 per share, m; an, aggregate of $35,913 (net of taxes), and in respect of such sale? the underwriters will pay the company the sum of $4,390 pursuant to the provisions of the to • "Equivalent to reduction in Federal income taxes due to certain charges to surplus being allowable tax aeductions.—V. 166, p. 1150. 750. — purchased when-issued a the were of 2,127,389 168,080. T expenses p. •6 terms and profits for ^Special our . 1,262 tax refunds details;; the 2,372,093 $3,989,085 issue an ejected Commission did not hand down nn opinioji on the case. tin. supplemental order reviewing the proceedings leading up to salt* bonds and stock the Commission said it would issue an opinioa of New $19,075,396 $18,434,910 - were Spanier Denser on $4.75 Strong . $2,491,697 k the was , 11,781,450 $1,796,741 7,745- at permission '1944 ^ 12,958,922 — — Net classes follow: t-The ; • Accept Bid for Common Stock—Action Prevent^/ shares '$0.66 Co. Stock Subscribed—As issue of Sept. 22 Smith, Barney & Co, and associates announced Sept. 19 that of the 134,034 shares of common stock (par $5) offered for subscrip-: tion to. stockholders at $21.50 per share, 132,772 shares were subscribed for and 1,262 shares were purchased by the underwriters and have been sold. Further under - Prov. 417,120 ^mounted to $169,822 in 1947 and $154,290 1n 1946.—V. xnentioned in 1945 10,021,123 $1,628,661 ——— —L—• deductions, Normal " $275,938 ' ' were thereby ' on Sept, 15 authorized preferred stock. Jerome Harold, bicT 1,332,640 income Excess ,,168,000 " $1.30 . amortization and Other $475,173 . 31,205 / $545,776 • •746 , . aii'l "•.'•/'• r. "in due course." ' • • •; • /'Sale of Interstate's new common stock at the price,, to be pa?cl. by the successful bidders,:' the Commission said, "would not effectuate*a 7,028,634 exps. income. J- Total 417,120 —. •NOTE—Provision for depreciation provements " ; — share— per ' 61,748 . profit Other 96,875 income—estimated—284,000 —12—— ^ Net $378,298 80,850 - doubtful accounts,- etc—., on -a—_—__J profit Capital income——- 1946 ■' .. 2,612 of'Boston, Boston, Mass., Toronto, Canada.—V. and % I 7: plan which would be,, fair and equitable /to, the persons affecte/t thereby. It further appears that the bid for new first mortgage bonds is" conditioned on the company's receiving payment of $8,635,500 four 1.119 2.612 ——Years Ended Nov. 30— $9,989,935 $14,884,913 — & adm. gen. • , Co. . 3.357 Co;.—1— . Cft-f. . . INCOME May 31,'47 discts., & the The 3.357 — of Bank /The denial;on the stoqk automatically prevents the company from the high bid of 101.90 for an issue „qf $19,400,000 in nevf 3 y2 % first m,ortgage bonds awarded the same day to Halsey, Stuari & Co. Inc., and associates. ; ; .;j .x 1 • v Acceptance of the bond bid was conditioned upon ..the compan/receiving payment of $8,635J5.00, for new pommoji stock. The Halsey; Stuart group had planned to sell, the bonds, to the public at 102.80. of " :. $810,674 - sundry $331,524 for taxes Earnings — and : .sales,— of Sell., 3.166,fc'33 *y 242,754 / * ■ Operating profit Discount, interest Cost ' • sales, less 'J//1 !-• .etc. 1946 v $6,572,177 Yarna,ll OF 6 Mos. End. . (& Witter Dean Co bwH of its 1.492 Inc.——— Co. Wisconsin The 1.119 . ~ . - Hires Co. ' STATEMENT ^ 1.119 -- 1.492 1 - & National , 1.119 Spencer Trask Co., Union'SecuHties Corp./G. H. Walker & Co;__._. 4.JQ4 Kinder, Peabody & Co._ principal of. Chicago, Stroud , accepting Smithers & Co.— 1.119 Stone & Webster Securities Corp. —3.357 " "part* and SEC public F. S. 1.492 Illinois' Co.L—L_'__ Janney & Co.__— . & Pomeroy, Inc. Singer, Deane & Scribner « Governors, on Sept. 25/refused, to permit the company to accept tlio $4.05 a share for 2,132,223 shares of its common stock sub¬ Sept. 24 by Lehman Bros., Goldman, Sacfis & Co. and Werthe%i ui'Cq. The banking group had plannecl to reoffer the stock to bid .746 Huttop Bank T ' of as mitted 1.119 — Schoellkopf, .746 Lunt_l__'__3_ ' * (Chas. E.) Co. 1,119 The : 1924, accrued Go. Co. directors: and The - Co.— /" the percentaage of the original " -•/, The Chase National show Sale of Bonds— Co;1.119 Northwest at Interstate Power Co. Reinholdt & Gardner,.. 1.119 .The Robinson-Humphrey.. „ Ripley & Cq., Tnc."4.850 "1 Hemphill, Noyes & Co... 4.1C4 Z previous payments)', will 1.119, Co... & Son & a • Angeles as Assistant Secretary. ;In addition to the above mentioned 1.119 Cook Board of contractu abov<* Exchange to designated Los 1.119 Newbold's Pacliic Harriman *"'••.■ ♦ • & H. the Canada, " Montreal value par pany to Co. .374 .... Hamlin Corp., Chicago, 111.—Bonds Called—' outstanding thereof unpaid 304 the W. Newhard, n \ J Hinman Terrace All being are 166, 1 E, ; 1.119 3.357 -- of basis be President; Frank E. Booth of Lot# Apgele3 as Executive yice-President and Treasure!;1 John E. Koster off : Los Angeles as Vice-President and Secretary; and Hugh W. Darling, at-, 3.357 - .746 First ' - • stockholders $25 3.357 Maynard H. Murch & Co. ($1,000). being made following new officers Fedderman of Denver, Colo., Pierce, •< of • Darling Beane_-_-___ " 1.119 & & ' .746 Glore, Forgan &r "Co.-.1/1!. *3.357Graham, Parsons & Co. 1.492 Granbery, Maracbb- Si\ the SEC Underwriter, - The- 2.612% 2r612 Co.-Inc. Chapman Lynch, 178 the on .The follows; as Rule shall Created—^New Board and Officers Elected— of percent¬ the to debentures Interstate Engineering; Corp. (Calif.)—Preferred Stcctc ver; Langley & Co Higginson Corp Fenner 1 Registers with SEC— The company on Sept. & are Bank elected Moore, Leonard & Lynch F. S. Moseley & Co.—, , Corp/- Eastman, Dillon & * ^ Hickok Ridge apd 1.492 Boynton & Co., Inc. C. F. Cassell Co., Inc. Julien Collins C9.— /— J." M. Dain & Co/__*__l' author¬ an , delivery in settlement of 1947, must be stamped 1, the amount 1151. licensee. a C. Merrill , 1.492 Co.— & Co.—: Weeks" & Harden A.'G.'Becker stockholders purchased by each 5.969 .746» Blue underwriters 9.725% Co. H. F. Voted— be to the & Baker, Baker, 1150. ; Heyden Chemical Corp.—Second. Pfd. Stock large'Installation for. Co.— Bacon, 685,749 ' $6.05 u a of names Inc. Balance Royal p. a be-made Payments are New York, at of company's chlorine and caustic capaci¬ through the use of. the "Type S-3" cell. being built for unsubscribed of Smith, 507,688 - cells UNDERWRITERS—The age Total amperage, the of pursuant shall principal . 23,691,370"" Convertible preference stock dividends declared be be Oct. that and offers than any other one make of cell, the Installed capacity of these accounting for about 40% of the total national chlorine capacity. /Work on the development and improvement of the Hooker cell has continued and an enlarged cell has' now been developed; having the same principles, which'has beep " designated as the "Type S-3" cell and which'has a raced capacity of 20,000 amperes. It is anticipated These — this higher to to and redeemed" cells 2,000,000 surplus close or and beginning payments; States 356,466'- $11,262,804 .2— 4,470,000 : income on Net profit • $10,896,337 - ,2 operated at "flat," made since 1931, yvithout increasing the size of the cell buildings. A policy of licensing the use of the "Type S" cell to other chlorine manufacturers was adopted in 1936 and at present the Hooker "Type S" cell, or slight modifications thereof; produce? more chlorine in the'TJnited 43,180,977 : on in ,As. a/vresult of the gradual change-over to the "Type S" cell and the increase in amperage, the basic output of this plant has now beep increased, m°re than 200% $54,077,314 expenses-- (net) Profit before provision for taxes Prov, for Federal and State taxes Approp. allowances and shipping, sel.ing, adm. & gen; power input of over 7,000 amperes per cell. Further developments possible the operation of the "Type S" cell at 10,000 amperes more and the, cells at the Niagara-Falls plant have for., some months or 1947 30, the and made CONSOLIDATED INCOME STATEMENT FOR THE SIX MONTHS t cells power ' Hershey Chocolate Corp. <& Sub.)—Earnings—: Gross electrolytic input * capacities were increased from: time to time until in 1929 the development of the deposited type of diaphragm made possible the creation of a cell, now known as the "Hooker Type S" cell, having increased efficiency and capacity and > Comptroller." "• Assistant an in accountant an Assistant T (1255) - ■ Heinz Co.—New Official— 1 i % . (H. J.) THE COMMERCIAL & FINANCIAL CHRONICLE will not for, no be a (he excess w 11 bq realloted comparable entitled allotment unless he to basis. subscribe for addi¬ shall also subscribe for the specifically covered by such warrant and unless payment made, upon the surrender of such warrant, in full for the shares specifically covered thereby and to the extent of at least 10% of ths purchase price of the additional shares subscribed for. • ' Sioux City Gas and Electric Co., parent, of the company, has agreed to exercise the warrants received by it, representing a total of 66,35/} • . THE (1256) a, scares/ antf,~iti "addT'tidn,* to subscr'befor 6,592 additional" shares sub¬ If the entire 109,866 shares are not subscribed for the holders of warrants,* either on the basis of the shares covered by outstanding Warrants or as a result of subscriptions for additional shares subject to allotment, the remaining shares will be purchased by Sioux City Gas & Electric Co. at the same pnce in accordance With ject to ailotment. by its agreement with the company. COMMERCIAL &■ FINANCIAL CHRONICLE Kaiser-Frazer ,It is announced at Willow Run Corp.—Completes 100,OOO^th Car— 1 CAPITALIZATION FRESENT FINANCING Authorized of the Kaiser Custom, a luxury sedan * which goes - into volume' production immediately., ■, • •, ; . / .; < *'/ <n ( *;M ; Edgar F. Kaiser, Vice-President and General Manager",: estimated the tion tNotes i 3?75% cumul. —' Kansas City Southern - ' Period End. Aug. 31— Ry. 42,500 shs. 659,199 shs. I principal amount but limited by property, to aggregate as one 3.50U.000 1,000,000 pfd."stock '($100 pari—/ *42.500 shs. ($15 .per)——800,000 shs. Common stock »*Uulimited —- production will exceed month.—V. 166, p. 1151. . '.: automobiles;*, a new high for ■-1 ! ." ) J - « J." •" 16,000 -j r "'.1946 -'' $382,014 *" $1-03 $0.64 %—v share ... • with SEC— Other income taxes™ tax ry. j 82,774,461 .$"22,87t987(I|l9;720,944 "1,•772,741*',' 13,870,880. >13,021,422 r' 175,000* 190,000 V 1,760,000 1,090,000 \ 159,00p , \l$3i000 ;/l,290v000; V 1,134,000, 15.7,396 171,247 X,297,037 1,008,879 -•"7,643 I' , * 56,564 49,567^ I * 8,641 - Federal 1947—8 Mok—1946 1947—Month—1946 H •„ expenses. accruals., The company on Sept. 19 filed a registration statement with the SEC covering 100,000 shares ($5 par) capital stock. Underwriter, Geyer • & ■ Co., New York. The shares will be oil eyed for subscrption to stock-, holders pn the basis of one new share for each four held, Unsubscribed Ry.—Earnings- $2,976,739 1,783,778 revenues___l oper. Ry.' oper. . Co.—Registers and Insurance Bonding Massachusetts Outstanding * $1,000,000 — - ——• 1947.' $244,887 income Earnings per common —v; 166;-pi■ 1152: . $13,750,000 * series due 1976 1977 series bonds—— JUNE 30 QUARTER ENDED THE 1 Net , EFFECT TO GIVING FOR EARNINGS built tts 100,009th automobile * Sept.. 25 and marked the occasion with , the ihtroduc-i that.this corporation on September l&t mtge. bonds, 2^4 -Monday, September 29, 1947* . shares will p. for expansion pf Proceeds will be used publicly. 812. sold be business,—V.. 165, > . . ' earnings and other provisions of the mortgage, as supplemented. tThese notes evidence a bank loan originally in the amount of $1,750,000. All dated June notes are Bank & Trust and bearing interest at the rate of lVk% per annum, matured paid June 24, 1947. The balance of the notes, ten in number, was each in 1%% of the principal amount of $100,000, per . of shares 3.75% authorized total <$100 hfeen serially, 100,000 shares of remaining designated as' to series." • - - June 30,*47 Prov.'for Prov. Fed. inc. Fed. for 1944 1945 ,1946 - of the- corporation the a filed —V. 453,242 361,795 325,510 -Current Sales. Kroger Co* 6—' Up-11%^ 1947-^36 Wks.-4l946 1947-^4 "r3 578,714 633,527 723,163 767,362 716,525 613,557 652,663 275,522 684,035 181,225 Sales •'* 179,500 758,902 The $2,198,341 $1,297,809 $1,229,683 30,809 -28,150 44,118 41,632 $2,226,492 $1,341,927 $1,271,315 598,463'" 1,03b,537 707,879 621,296 $634,048 $1,263,843 $1,192,954 requirements stock preferred on 2.549, ^ compared- with- 2,649 corresponding period last year,—V.. 166, p. 760, ended Sept. 1947; 6, Lay. (H. W.) AND BUSINESS—Company company shares ($25 offered at in- the was Co., Inc.; Atlknta, Ga. ■'.v.' & • mutual company, tb and service Sioux rendering company City Gas was Electric & Co. at cost ; to the their subsidiaries services and to to .other companies outside the system.- v.-. ' --••'i *■.' company is a public utility engaged in the purchase, production, transmission, Tdistr:bution and sale of electricity for light, heat and The power. to consumers over portions p$rt of the State of Iowa. It the of western* and about serves 213 north central and communities over 10,550 farms in this territory with electricity. It renders electric sqrvice to about .78,843 customers and gas service to about 28,598 cus¬ tomers in the territory served. * •The"company for the 12 months ended June 30, 1947 produced about 72-4% of its electric, energy requirements. It purchased the balance 1 •• > _ (27.6% of i its -electric 24.9% from energy -requirements Sioux City Gas companies. from non-affiliated during said period as fol¬ Co. (parent) and 2.7% Electric & 4.TheJ. company also Produces, -distributes and sells manufactured retail in gas Waterlco, Charles- City (propanei, Hampton (propane), (propane), Waverly (propane), Ida Grove (butane) and (butane), all in Iowa. It also purchases natural gas at whole¬ at lRdepepdence Sheldon sale from Northern sells it retail at municipalities Natural to Gas in consumers Co. (a non-affiliated and company) Eagle Grove, LeMars and smaller 11 in Iowa, having a total population of about 25,000. _fTne company, in connection with its electric business, sells steam and not water for heating to consumers in. several municipalities. It also of sale from of the water, ■ of natural gas; 1.3% from the sale the sale of water and ice." from of gas; steam bonds, together .with the principal underwritten, are as follows: 7.7% and Farmers Trust City Bank transfer - • Lion Oil Co.—Develdpment amount of the of 1977 series p. ' * ■*., . crude oil of crease Sept. on 23 announced for production 17.9% — . ' Operating Gas directors onrSept. 18. declared a dividend of 50 cents per share 4%cumulative preferred stock, par $50, payable Oct. 1 to holders of record Sept. 23. An initial distribution of like amount- was made on Oct. l, .1946; since-ML none 166, Jacksonville Terminal Co.—Plans : *JjI under Wilkes, -President, consideration C Sept. on 22 to Refund Bonds— announced founding operation 1946, may involve redemption of the that date on general mortgage bonds and for the series A and series C refunding and extension mortgage bonds and 107 V2 for the series B refunding and extension mortgage bonds. The final de¬ cision with respect to refunding is dependent upon action by the direc¬ and tors stockholders. Action by them is within anticipated iuture. H the near . The company-is controlled by Atlantic Coast Line, Seaboard Air Line, Florida East Coast, Southern Railway and Georgia Southern & Florida railroads.—V. 148, p. 3070. _ the on ™pt„* 20 declared outstanding 397,843 shares of stock, payable Dec. fatfpAhnLr™°S N°V> 25' Since the two"for-one the.c°mPany Paid three 10 to split-up of the shares quarterly dividends of 30 cents eacn,—v. loo, 760. p. ! * . * • : * • ' - - 1947—4 Wks.—1946 • V* 4 to- be presented to with approved.—V. rehabilitation the the 166, p. of company is company which shortly is Mr. Stevens stated that his dependent upon this plan beintr 1151. ■ ' i " t ■' ■' • * \ i "Jones & Laugh lin Steel Corp.—New *S. the S; Marshall, Executive facturing was named ;V,. Hz directors Jr., to succeed Lawrence, and retired Committee operations. a J. and B. Mr. on Sept. as of field Andrews member of as Mitchell, General who has was been .. - > director, a member of in charge of manu¬ Manager of operations, a with the to the Executive Committee.—V. firm 44 years. the board 166, p. 667. L375.893 . 1,673,232 and excess profits Other 2,740.749 2 401.243 1,434,600 taxes.—___ $4,785,153 (net)— — deductions—-^——— ;Net .income ___! Dividends 4,657,180 —,— -— Gross- income Total' inepme 4,671,888 231,069 —$4,902,958 inebme income on 2,108.698 63,420 * 67,301 3,017,652 1,402,067 1,406.313 $3,500,891 — $3 378.839 190,000 190,000 . —.— preferred 127,972 stock—;—— , . rMichigaii Wisconsin Pipe Line dtViclerfd- 'of^^$1.50 per 19, the directors'declared-a^uarteriy the on record of- 6% Sept. , * - -t r"" - Loew Drug Co., Inc.—Declares Preferred Dividend— On Sept. directors declared*-i the 18, % cents share per the on "* ■ . Louisville Electric totaled Gas Electric Co, & of this output 37,616,000 .';L. - Pipd Line Co.:-the Ga*s for the 1152. compared Leon '.I. ; i all-time an Mr. Chairman high. ; program up income frpm (& Subs.)^-Earnirlgs— $1,836,260 J652.387 .a-i.— reduced $0.57 $0.08 . . «on 838 058 class B After.: deducting $150,000. provision for probable / abandonments.%-V. 164,.p. 3415. steadily increased Betweerv: 1919 'attd-19467 cotjtofr spindles in place while population went up $4:%\ ■! ' , •• "There have been a nurpber' of reasons"'for -this' -,decline; in ,pro-.'. $1,270,062 * 243.166 shares after provision for one-half of the prefer- ! entia) div-idend-at annual rate-of- $1.20 -per share, on 291,970 class A > shares tAfter depletion, depreciation and estimated ihcome taxes and T 1 mip'ority" interest; has * , . 'r ; / * declined 32% - capacity. Some spindles were" discarded because of obsolesencp corresponding replacements - ma-de; Many plants;, have1* been dismantled and-shipped to foreign countries; Manufacturers'.of Midland Realization wool .blends have taken over many cottbn spindlei'.'-LV'; 166/p.* 372. ! * Div.—) Co.—Declares Liquidating a liquidating dividend of approximately plusD/2 shares of capital stock of Midland Utilities Co. on each share; of Realization .stock - outstanding/ payable " Oct. 6 to holders of record Sept. 25.—V. l6l, p. 2558. . ' : . have declared The-directors no sold, | 1946 1947 S,.»- 30— operations..—: income tNet ■ while been purchase -f Z* .♦Earnings/per class,.B:/share.-_i-/j™—• • "The standard .quality, merchandise.. Jtt also; follows' from- the r the productive capacity of'the cotton textile; industry- • materially over the past three-decades, population v> that has the, construction Middle States, Petroleum Corp. Gross present demand appears* to stem-in part, ^ from the fact that war-time .goods^are jbeing rapidly; only in part, Cover 6 Months Ended June the " . Lowenstein said: by of to American-Light ' board,-,oiv-Sept. 22 announced" 7 that the company's backlog of unfilled orders, now -exceeds £30,000,000, .-.' Lowenstein, : would be acquired by to $25,000,000 of the common stock of Michigan-Wisconsin for cash, according to Mr. McElvenny. The remainder of the funds would be raised by the latter company 1 issuing $40,000,000 of "Oryear first mortgage 3(4% bonds and $7,500f- ' 000 of stfven-yea): serial notes.;—V. 165," p. 1457. ' ' ' \ Funds is*' ■'? j' (M.) Lowenstein & Sons, Inc.—Has Record Backlog--• *' ' Co.,.:-;7:; JLight having' 20,'.1947, with 28,170.000 kwh. corresponding week last year, an increase" of 33.5% '.—y.: 166, as &'Railways/wbuld'control Michigan-Wisconsin, the Austin Field * Michigah Consolidated Gas Co., and the Milwaukee Light" <Ky.)v^-Weekly; Output company-for .the week .ended. Sept-.- kwh., Hnder the plait, •;* f ■ of American Light,; which provides for the -com¬ continuation^ as; a holding company. -* . - * ' ' American-Light, which is a subsidiary of the United pany's ; preferred • • , 'organization-plan , *regular quarterly- dividend Of ; stock,tpa'r *$.5^paydbre *GCtr iLd to, holders of record Oct. 1. The dividend of' 7l% .cents -whi(sh -Wa,s due 5 on July 1, 1947,. was paid on Aug.. VI.. Like .atnoiints :were also* dis--*' bursed on Jan. 2 and April 1, this year, and* on Oct. 1, 1946.-LV, .166,M p. 409. f.V * ■% i. ' 3- *.?-• 7 , operated by ■ the icqmpany'Will approximate $72,500,000 after allowing: . $700,00d'for Tworking capital; thd SEC was told Sept. 17. > ; The costs were /reported .by Ralph T.-McElvenny, Vice-President of American Light & ,Traction Co./' at a' hearing .on the amended re- : - 165,-p. 3395. hearing the cojnpany will Jfth- 15, April 15 and July. Jft, last,,whichr cleared up-'all- accumulated on the issue up to att'tf including'July Lv 1047-.'I. v : Gordon K. Greenfield- has been elected a- direetor'to. succeed'the -' William T. Posey.—V. Co.—Pipeline Hearing; on the proposed pipeline financing program of be held on Octohef 6, the,Securities and Exchange Commission announced Sept. 22. ; v ■-> ' ■Construction costs «£* the "first phase of a proposed pipeline to be !A ^public cumulative.preferred stoek- payable *001."; T tb holders ' 20. Distributions of $6.50-each- per shsiffi weire** mdde" * dividends McQuay-Norris Manufacturing ^oi^-Earriings— less of goods Warehousing, Net returns cents in cash, 79 ; • > 1946. 1947 - profit_'™_'_™_™™_"_I.. income of '/ Midland Utilities ; : ♦ fl'-j "$1.654,951) NGT .10,2771- AVAlL* -j -ABLE $1,6*65^281 ' T" *"" : :■ income ♦Deductions from for for Net income .. ^Federal income taxes . : dividend 181,053 k " •..'r. v 200,000 "1 : 35,699 Balance available Common shares Earnings per ♦Includes for stock;_x-_^_. common outstanding.^..,-'..;-.. common $173,952 excise tax, • r.v* $684,433 Iv-$711,833 w -.■> h 352,167 -.' .; r. been elected Secretary,* succeeding P..J. Stock," title of Secretary and Assistant to the President.—> Petersbm has", will have the' 952. . Subs.) -Earnings— " .6 MonKhs Net-" : $2.02., profit Common* : - J. $1.92 St. Paul & Satilt Ste. Marie RR.—New Mojud Hosiery Co., Inc. (& 40,079 ;;355,915 *'Ji 'share.—.'— share V.1 166, p. $751,911 requirements^.-.— directors- have per Minneapolis, and — $720,132 : 85 J * C.- •; -564,044 J - contingencies income Preferred Ul H ^ Secretary—' " Total Co.—Liquidating Distribution— declared- a' liquidating dividend of approximately , in cash, payable Oct.- 6 to stockholders-.of record SeDt V26 v A" distribution of $1.75 per share was made- on April.25, last.—V. 164, p. 956;.V. 162, p, 355.. r V • * , The and , operating Other * * ! allowarices^^l-ii^lLeoi sold_i_^___^l_________L^-l_f>.i* 8,754,218 selling and adminis. expensesA/-i /-2,304;43l disctsi, Provision Vice-Pres., Etc.— elected 2,842.107 . Texas, County, Vice-President Marshall, Vice-President, 22 8,240.340 —14,716.423 therefor__._____ provisions. 9,290.536 9^30,061 v,. ** % On Sept. share Provision i Hide the stockholders. , $37,953,267 $30,878,061 utility plant acquis, adjustments— local and misc. Federal taxes—-— Operating Declares $1.50 Preferred Div.—Elects. New. Director-^ Cost .Sevens, formerly Vice-President in charge of merchandising Montgomery Ward & Co., has been elected President and a director succeeding C. R. Underhill, who resigned to return to his own business.' jMr. Stevens comes to Jim Brown Stores as part, of a plan for the continuance Dollar 6 Months Ended June 30—, for and and 1946 1947- ' * :—— - Sales, President— * recapitalization .':^ _ • - _ Jim Brown Stores, Inc.—New ; —/ , Federal-income 1947—36 Wks.—1946 ^Vail'6Sa pS"ll5rr"'""~~ $3>270-2U $7,551,125 $84,471,672 $55,583,263 •. to $3,641,958 in amounted ! ; .. - and Period End. Sept. 6— $0.77 . taxes purchased for. resale. State, - ductive ; Jewel Tea Co., Inc.—Current Sales Increased 22.8%— 1945 $580,464 747,116 - - , the fact a dividend of 40 cents per share common ■ 1946 • $3,310,891 $3,188,839 'Balance iL..1 Lion's third ; well in the field, the Tennie B-l, tested on .Sept, 22, at 211 —V. *165, p.'3170*. " barrels " 4" : : in 24 hours through a small choke. Completion of .this well- proves * two additional locations on-the company's Tennie ,"A" leaser—V. -T66, 'Michigan Gas & Electric Co.—Dividend No. 2— p. 1053. •: : ». % v.'.*-/" " '• The directors on Sept. 18 declared a dividend of 30 cents per share •: ; ■; *; & -• •*.* on the common stock, payable Oct.- 1-to holders of record Sept; 24. Aa Lit Brothers, Philadelphia—To Purchase ' Pfd. Stock * initial payment of like amount was made on July 1. this year. The directors have authorized the officers to .invite tenders ,from ... The regular quarterly dividend of $1.10 per share on the 4.4%» * preferred stockholders of $1,000,000 par value of ,6% cumulative pre¬ preferred stock was also declared, payable Nov. 1 to holders of record ferred stock as of Nov. 15, 1947 at a price not, over par and. accrued Oct.* 15. .An initial distribution of the same amount was made on Aug. dividends to that date, ; >-* - * • 1,1 last.—V.-166, p." 1053. * In replaced Jaeger Machine Co.r—Increases Quarterly Dividend— „ . " . Amortiz. ^of in -the developcompleted five I producing wells and one dry_holev A.seventh -well .„is. jdrjlling and the company is moving in rigs^on.two more.locations..Lion h.as an addi¬ tional 400 acres under lease-in this immediate vicinity and development is continuing. This is a shallow field with the .wells .producing'from the Nacatoch sand at a depth of approximately-2,100 feet. - V *r but ; • $455,384 747,116 • $0.61 ■ Depreciation . , the that the call prices 940. * income before revenue—gas Maintehance . In North Louisiana,.the.company also.bas been.active of the Oro field, where it has in the past .month company has the possible refunding of its $4,000,000 outstanding pr^ent Tor the first and 1948, and bonds .on Jan. 1, are 105 ■ 372. p. property. profit Operation.1 194-7.vot 357,685. barrels,^ an rinf • reflected-the .effect .Qf recent..addi-O ment late the- Miami 12 Months Ended June 30—' . ;The company has just completed Its seventh .well in the-Mallaliettfield of Lipcoln County, Miss. Oh initial .test, this .well .produced; 1;235 1 barrels of oil in 24 hours. ;V ; ; ; ?:•;» ;."J* • - -The on .1 1947 '• • Michigan Consolidated Gas Co.—Earnings— ;. an August, Agust, over tions. Jack & Heintz Precision Industries, Inc.—Resumes Div. - of 1947.—Vv 165,. p. on 1151. Subs,)— Earnings— —$2,612,658 outstanding.-^,^--—-747,116 share $3.49 NOTE—The accelerated *oil" production % development program, -marked; by-'-recent: completion, of oil wells -* in Texas, Louisiana and Mississippi.. According jto_.C0L.-T.' H. jBarton. O President, the company now has a total of 16 wells ..drilling,, .or*; in *. process of completion in- Arkansas,-Lousiana, - Mississippi and Texas. company . &; Co.—J—$1,750,000 Av G. Becker & CoM Inc._/iL;—L__————1,750,000 187.833 $0.55 $6.90 ' The Net $104,391 °-After"deprepfatlori, rents; depletion of castle Dome property, Federal State income taxes and provision for contingencies, but before depletion ... PrograAi Accelerated—^ per 56,609 $1,297,225 187,833 •! , Copper Co^ (& shares $161,000 451,436 and value -■■■> > - v outstanding-- 5249.;.:.;. :.; p. Earnnigs Agent—; and hot Gjore, Foxgan -^v. 166, 1,717,972 $1,748,661 $11,572 177,733 $0.06 share- per profit Capital York,"N.- Y.,* has" been ap- * common stock.-^V.' 166, ' Ndw Co., the no par agent for 856. p. •" WRITERS—The" name of each principal underwriter series bonds 113,891 47.009. •'.■'* 6 Months Ended June-30— '"Net ■ pointed shares Miami 5.2% . electricity; 13.1%, from the sale of manufactured sale and .4% _ ls?77 an- ^ months ended June 30, 1S47. the gross operating revenues company were derived approximately as follows: 77.5% from the the . in two municipallt*es and> until recently, sold ice in oNier^ $277,097- 30,689 7,715; taxes ^ $192,399 ( $19,287- income Capital share a Net Sept. on par) $25 Federal1 ihcome for Earnings —v.,'1.64, , lows: 1945 1946. * 23,543 Dr4,256 income taxes ' • !—Files With; Lima Locomotive Works, Inc.^-Transfer The incorporated in Delaware, March 21, 1927. Company is a public utility corporation operating wholly within the State of Iowa. Company has a small subsidiary, * Nebraska Public Service Co. (incorporated in Nebraska), which is a gas utility corporation operating within the State of Nebraska. Com¬ pany also has an interest in Penn-Western Service Corp., which, is an approved 1947 . $105,892 • 19 fi'ed-a letter, of "notification* for 12,000"' cumulative convertible"preferred stock, to. be thfottgh Clement A.-**EVans *& Co,, Tne., Atlanta, Ga.,; as underwriter. Proceeds will* be used for'construction of a* new bakery plant.—V. 166, p. 950. ; * J * * • • • ^ • . The to amounts " ■ $159,375. HISTORY . revenues Provision ) $650,019 $1,862,312 dividend Months Ended June 30— Net-inc.-before,Fed. ". in-operation tiurihg the four^ of. Kroger stores: number average weeks 646,717 $1,831,503 / 47,768,332.' 56^019,552. 366,294,285 _'_l;""53;234;391 - ■ (net)__. annual ) . Transportation Co.—Earnings-—' inc." fr. operations after deprec. Net gain on other prof. & loss trans. . The . Miners & Net : Wks.—1946 • Merchants " . 55. V , t company qould " 633,870 ' income 1 Net 166, p. * a that the Period End. Sept. 2,827,368 tax. &c./deducts. chgs., Sept.' 20: reported a net loss of 1946, to last July *31, on $6,545,500 3,050,360 excess income Gross int. in Operations— petition for capital reorganization, ,said there, was be rehabilitated, .provided- it obtained working capitai.~r-V. 165, p-. 1867. . ■ - concern chance sec— income /. •* * However, the trustees who were1 appointed by the Federal Court .after • $6,967,658 .profits tax L___ Other V' '■ ". Tptal 3,638,427 - Net earnings V ■ , 26>-Cent Div. declared a dividend of 26 cents per share from payable-Oct. 31 to shareholders of record Sept. 30. This compares with 29 cents paid on July 21, last, and 28 cents on April.21, 1947. ' ' ' " ■ * " Payments in 1946 were -as follows: April 20, * 22 eents; July 20,* 2,6 cents; Oct. 21, 25 cents; and Dec. 24, 37 cents, plus a special of 70 cents (latter special payable in cash or stock, at holder's option). investment income, $18,128 in operations of the.business-'from OoU 18; (The) $7,860,774 depreciation—. for ; • ■ Massachusetts Investors Trust—Declares ."The ,trustees have "$493,jSai; ■ $4,597,506 " $3,417,086 $661,081 x —Years Ended Dec. 31— 536,392 taxes..^..*..... '. income. The-trustees additional $8,697,036 revenues— Maintenance Prov. not 4,275.243 oper. Operation General stock have • -12 Mos. End. i1 and unissued are (net Dr) oper. * EARNINGS SUMMARY OF Total preferred cumulative of shares 57,500 ry. Kellett Aircraft Corp;-r-Reports Loss months, six each one rents —V. 166, p. 760. Interest on- the notes is payable quarterly issue the part; mature Net bear interest at the rate be¬ and may be anticipated at any-time.- - fThe 42,500 cumulative preferred stock constitute one series of a and annum, ginning Dec.. 24,. 1947. payment of sa d notes (net Pr):_* * 1946 and are payable to Commercial National The first note in the principal amount 24, rents facil. Jt. Co., New York. of $750,000. are Equip, Ended Jfqne 3(P-: . ; --v-———- ■ payment of share_/_.4%_— dividends . 1947 on $0.83 preferred stock.—V. - ',1946 ' i, $476,073 530.424 ibares .outstanding— ■♦Earnings per common ! ♦After *; / $738,186 - 530.424 *' * / $1.32 165, p. 2923. Volume 166 Number' 4633 Monmouth Park (N. J.) Jockey Club—To Pay Int.— The directors •Sept. :.30, 1947,-on debentures. debenture ture approved -the Payment 6s .of .Sept. 30, payment outstanding of 1954 of ; 1956. 6s record have ,18 of all cumulative months' will interest be made the on to series .registered 1947.—V. >165, p.,/812. For to of income, , A.) Murphy & Co., of' This St. Paul, Stock 994. p. • is- the G.. Steiner, Chairman .of Beck Shoe Corp.. and the Schiff Namm's, of 'Inc. He Wertheim is & also the Co., associated Co.—V. 166, finance 1,763,000 has with been the elected Sales „ oT by-produCts___ J Total '' per common ; for . 1976. $1,900,885 Operating Operating revenues .expenses 4— Income from operations-— Other-income Total u— income avail. income spe.c.al Operating Operating Federal $1,922,074 612:323 $2,115,298 - ;; revenues expenses 15,819 —. res. on Divs. '266,456 294,500 - $291,554 - - - T_— " • "■ ' ' ' ' '- 115,836 $305,811 ; ; * National Gypsum Co.—Sells Additional Notes Private¬ ly—The company, Aug. 25 sold $2,500,000 2V&%. • *11,890 $205,4-31 pfd. » .. al instalment $2,500,000 3% sinking fund par,.to -institutional investors under its ment-dated Feb. 3, 1947 (V. now / to Federal income income 1870). p. East Rand THE 6 MONTHS JUNE 30, Net income "$82,791 —. "Includes six use months o)>erations in -1946. paid ' • • (100,000 shares) $65,000 and ol -' insurance collected m and to tuxes I. ASSETS—Cash in banks SHEET,- JUNE first" 1947 payable «to / /' .... expenses, income 571. ; - : • Net stockholders on at a "Represent special be back held Oct. on RR. . series, -and ■ 1 ^ Mos. End. June 20— 1947 -.Sales dther income ; 1946 1945 V- Total Amort, and Misceli. Prcv. for Fed. Prov. State for 18,387,950 ' 22,392 depreciation 1944 / inc. tax_ " " Earnings c/.?Includes com. share excess $0.87 profits tax $45,000 in 1945 and. $2Q,000 in 76,592 "657,800 453,150 ' * ■' 82,750 • Is. 100 . ' , ! 50 - 10s., ' • $669,890 47,978 9d. 2r ,6d. on 6d. i .25 '7?/2d. 15, . - ; after 1944. deducting . • Fed/ -lO'/ad.i 10 addition credit of' "v f ' CONSOLIDATED BALANCE SHEET, JUNE 30, 1947 A -. transit, and on hand, •. $1,430,746; sun-' currently (less Govt, reserve), $424,730; U„ S.* ' securities (market -'value <$2,093,818), •• $2,085,000; merchandise Inventories at stores, warehouses, and in transit,: surrender value of -life $6,749,070; cash'*' insurance, etc., $46,948; property ■equipment plant "and (net), $6,035,986; deferred charges, $918,157; 'total, $17,690,637. . . . 166, p. to Mr. 761;971 banks, $1,200,000; accounts trade, $632,942; accounts payable, payable, other, $901,451; accrued on interest" bonds, $6,916; term indebtedness due within one accrued year, Federal $10,000; and state taxes, $1,1-93,284; term $1,308,000; serial- preferred indebtedness/' stock ■ ($100 sto*ck par), ($1 $1,680,7.00; common par), $614,G73; capital surplus, $400,477; earned surplus," $9,742,194; total} $17,690,637.—V. 166, p. 1054. — : ; '• 6d. z. , RR.—Earnings— whole of an issue of $40,000,000 of 35-year debentures, due Oct. 1, 1S82, will be received at Room 2315, Broadway, New York, N. Y., up io 11:30 —V. 166, p. 1153. a.m., EST, on Sept. 30. * $464,895 $605,083 232,069 46,937 $417,958 1,737,-312 --.4,•967,-640- 1153. profits the * $3,204,108 New Net r ) • - (& 1947—6 Mos.—1946 , 12,003,380 1,743,442 2.932,500 3,382,938 '3,581,075 3,604,425 387,725 448,625 1.401,499 2,650,000 y " . income _: on capital preferred • .. -715,602 1,094,'330 ' L. Oliver of Stafford Richards, Chairman of of firm & Period End. June 30— Oper., maint, Federal & deprec.- profits Other income Operating 8,955,452 8,513,283 18,538,556 Net' income — 165, p. 3056. 2,826,000 1,969(685 . $3,995,972 Ur9,361 $4,328,889 727,194 4,061,471 income $3,601,695 Qross )ncomp Total inc. Dr7,522 Dr 15,627 Drl5,217 $3,988,450 $7,245,169 730,380 1,471,444 1,526,348 Common —V. rearages on on 165, 28,102 56,205 56,20® $5,481,885 $9,974,609 $8,381,00® - - 2,815,111 3057. p. 687,500 __ 171,875 - 495,000 :— i / 7 1,375,00® 866,250 2,800,000 • - 5,615,111 4,900,00® . Northern Sept. 18 voted to pay half of the remaining ar¬ the first preferred stock. Three quarterly dividends of $1.25 States Power Co. — _i„ —_ Maintenance Taxes . 279,095 Fed.: excess Prov. for Net Other Net 69,331,932 3,704,314 $8,342,73® 2,781,579 543,855 565,731 788,34® 898,339 398,700 814,500 456,689 948:086 491,500 580,400 971,600 862,80® 71,200 94,600 149,300 316.19® 176,85® $1,211,133 $1,172,332 $2,200,276 122,077 $1,960,90® 1Q4.125 233,814 162,70* $1,333,311 446,168 $1,276,457 382,911 804,846 778,25® $887,143 $893,546 $1,629,243 $1,345,349 inc.)tax_ — inc. -tax . -—' oper.. incomes _ (net) income income 165, r deducts.— income Cum. ,pfd. —V. Subs.)—Earns* 1947—12 MOS.--1946 415,800 - taxes profits State income Gross Total than -income 211,468 (& 487,182 -. (ather Federol (Wis.) 1947-^6 Mos.—1946 $4,877,256 $4,350,621 1,921,244 1,436,431 revenues .Operation Common $5,457,995 Niagara Hudson Power Corp.—To Pay Half of Remain¬ on First Preferred Stock— directors I Preferred, $5 series.— Preferred, $3.60 series $6,984,343 $5,773,725 28,102 $5,340,783 Net . $13,457,878 $14,162,13® 244,089 176,17* $7,255,5.08, $7,343,029 $13,701,968 $14,338,31® 1,886,'622 1,838,041 "3,671,154-5,901,10® r_—, deductions.—' income Dividends: '1947—12 Mos.—1946-, $58,768,279 $54,410,92® $7,134,752 $7,246,301 120,756" ' 101,728 ' * O , (& Subs.)—Earnat " -23„780,276, ,20,813,340 '45,310,400 -40,248,78® Subsid. divs. & minority interest $6,999,560 $3,258,070 < (net).'—_ Depreciation 3,854,298' $7,26.0,796 . week . operating income- -2,534,000 ing Arrearage The / 17,578,953 1,593,000 $4,338,250 the Mos.—1946 ./— $30,915,029 $28,059,641 revenues' Operating I 1947—12 Mos.—1946 f far 1947—6 Total opqr. exp?. & taxes 1,636,000 /___/—/^ " Gross income •__/ Income deductions Corp.—Earnings— 2,067,824 1—• Operating income , . Period End. June 30-r^ $17^205,526. $16,071,940 $32,686,823 $32,602-,811 tax_ 2,386,433 . tMills,- 1,844,000 income /taxes—: Fed.- excess Other taxes 2,049^03® -Donnally; of Worsted - 1947—6 Mos.-i-1046 revenues —/--; 2,727,270 2,341,578 this .company of . Other | Operating 1,363,635 1,170,789 ; ' y Northern States Power Co. (Minn.) the. Boston Consoli-; 4 New York Powpr <& IJght $6,595,19® 1,170/789' ' Period'End. June 30— of , < *__/ $8,497,345 • Conn.; L I,'; James. R. Co., 1,431,205 $4,557,121 f 1,363.635 stock: —_ .output Net Co.,C U,' ended Sept. totaled 55,765,000 20, 194T. kwh., as compared with 49,636,000 kwh," for th® corresponding week last year,, an increase of 12.4%.—V. 166, p. 1153. ,)and Pacific Tea 628,22® - $7,111,552 $13,262,829 $13,928,28* 1,838,828 3,671,154 5,901,88® . $4,617,208 5,098,"30® 1,480,19® 722,300 —-— $7,009,823 $12,996,528 $13,752.'ll® ' '101,728 266,300 176,17* 142,966 - 6,715,550 , $6,883,967 " r Subs.)—Earning® 1947—12 Mos.—1948 ;3,095,523 -.523,102., preferred" Co., Hew Yprk; John L. Halk sepior :the law firm .-of ,Choate,.Hail-& Htewart, of-Boston, Mass.; Hartford/ President of'the Great Atlantic Gas $618,26* 58,768,279 $54,410,92® 22,798,325 19,117/58® 3,340,541 3,-118,17® 5,582,500 5,182,50® 6,562,533 6,033,52® 9,849,744 ■ — 1 of York;.. Edward . 58,39® $760.05® ISS/ia'J Crll;50® Weekly ..Output Increased, 12.4%Electric England Telephone Oliver, of the law firm H., Ratbbun^ .President, 701,65® $^82,500 $30,915,029 $28,059,641 minority 7% ««venv .the .State -Street .Trust President jof the /Aetria Insurance & 2,095.65® ; 2,610 111,133 " ■ 1,886,622 & 6 % carry-- of T. 1946 % $2,797,31® 2,513,084 —„_ taxes__ .i —— (het)_—l : directors.are: $798,11* $693,634 Federal -income income Divs.' . new $998-45® 200,04* * 'interest'- - ;r§organized -New / r 1947 Gross income ,"//.- $7,026,933' inc. deductions.— ■ of ' Co.—Earnings— x revenues Subsid. divs. 5,065,-707 3,068,269,. credit 287,24® $373,013 :_ Total • Boston, Mass., and Edwin -S. S. Sunderland, of the Davis, Polk,. Wardwell, Sunderland & Kiendl, of i^ew •York—V. 166,' p.;'1153. : —V. New England Tel. & Tel. Co.—Invitation for Bids— Bids for a $570,03® 428,11® .. 891,023 operating income. Other , as $636,308 Dr31,225 . Net .for Palmer, -the ■ . payable, purchase $150,885 314,010 7~ ; Healy, -Professor-of Transportation, Yale Uni-v Conn.; James Lee Doomis, Chairman of 'the Con¬ Mutual, Dife/Insurance Co., of Hartford,. Conn.; ; John J.< McKeop-, senior partner-, Chas, W....Scranton & rCo., of New Haven, Conn.; Maj. Fred N. dated ASSETS—Cash in banks, .in dry, accounts receivable due the 253)62® y—— profits tax income taxes.,.,— . 6(1. 10 excess York; Kent vefsity, Hew Haven, «. 195 163,991 276,196 / excess State 6d. . 10 6,385,625 directors New law : . LIABILITIES—Notes 47,098 71,625 t*~' Taxes /-*_ Sept. 24 elected Howard S. Providence, $1.25 .. of New 50,066* 102,446 post-war : - 117/73® 196,99® 1.090,49* 33,952 $119,789 (other than .inc.) Federal income taxes.— 4s, 17% . • 1947—12 Mos.—194* 195,021 $17p,125 50,335 Maintenance j.__— Depreciation J_^_ . 3d. 4J/2d., , . 20 •♦ 142,980 25,623 Operation • 9d. 5 .7% - 31.150 .. $144,501 306. p. Operating Palmer as President.;and Chairman executive-committee. He had been President and Chief Exec-* O£fioej of the \eompflny-since-Nov, 1„ 0.934, and trustee since" Nov.-87 T935. V.v* ^ '( partner $306,615 $1.50 will b® outstanding^ 47,731 : Period End. June 30— • 2s. necticut 40,350 102.446 $3.03 stock $2,516,14B, Northern States Power Co. (Del.) utive John'A. 25,012. "< "441,700 ' 49 209 .102,446 .... of three arnt 4* .Jbife.'-.'Inpurarw:.e'. 37<629 i $358,059 12 _./ —V. -166, * 50 an<® wholly- a Sept. $2,605,826 '1,191,328 74,503 in Balance 41/2 "12>/2 . .. 40,256 deductions Reduction and $631,227 ,282,736 excess f 1 43,711 " m ). . 166,'-p.\953. Income - 3d. 5'Ad./ . 25 / 288,084 retirements-_ 3d. 5 $825,011 gen. exps. to ami : with Corp., Subs.)—Earnings— 1947—3 Mos.—1946 revenues Grpss income 6d. 1 1 on • Total other income- . 212;604 78,750 the i ( • Sept. Allerton.F, Brqoks, .Pi^sident, Co., New Haven, Conn.; Edward G.r Buokland, formerly Chairman of the .hoard,.Hew- Haven, Dqnn.; -Myron F. Converse, President of .the Worcester 'Five "Cjents Savings Bank, Worcester,/Mas^.;-Harry -C. CHagerty, Vice-P»e^dent and Treasurer of 15,634,669 35,079 196,901 235,493 40,155 .245,869 dividends per 86,748 $575,793 16,294,593 34,974 ■ 389,600 38,400 laxes__ /Net profit Preferred dividends •Common . April merger Class Total . .credit .accruals 1943.—V. Southern ' . .217,557 229,152 •. the stockholders • 30 Ltd.--,—1 Boston;^Morgan -S.:.Brainard,.• Affiliated Companies/ Hartford, $21;«5;074--$20,08J,T63 $17,697,774 $16,698,578, 20,072,988 deductions on Refractories by the Se-pt. income „ Cost of sales & gen, exp. Interest paid England Total .operating revenue deductions— Operating income Rate per Share • ■ $20,932,681 $19,635^710 $17,347,738 $16,359r743 482,393 446,053 350,035, / ,338T836 . record 15 Charles" "<Francis ' Adams, /Chairman Subs.)—Earnings— . New 1? Months Ended June 30-roperating revenues— - per- shartt Co.—-Recapitalization Involves Northern Pennsylvania Power partial .adjustment of estimated un¬ profits credit -carry.-back Jrom 1946 to 1944 "and also- an adjustment of J.945 income^and to In (& • of -the from Inc. " ! - -... ' : bonus! of v-V. $2,112,255 : outstanding!; 32,300 ,Neisner Brothers, on which approved income Net New York New Haven & Hartford «RR.—^New Board— •/'i The new.i.l)6-man poar.d of 1 /Will ,4*/4 %v preferred shares to /cumulative /preferred .shares '/o on -increasing - the number of cumulative. preferred shares 32,800 to 72,300 shares, to permit the creation of 40,000 cumula-preferred -shares, '3.8%: series.—V. 166, p, 1153. •-cumulative effective excess accrual - meeting to designation ' of the changing, .the 369,546 , Hotels, income—- used ^ Naiioual.Tea Co., Chicago—To Create New:Pfd. Stock' The vote the Gross incqme Income deductions 1947—^Month—1946 1947—8 Mos.—1946 income—$7,639,838 $7,234,290 $59,632,077 •U. S. ;income taxes ,$47,453,493 403;000 "Cr537,703 2,770,063 "Cr937.703' Other*railway taxes—_• 431,673 363;828 3,604,474 2,875,496 Net ry. oper. income .„• 921.802„. 1,977,973 accounts v } cents stocks, payable Oct. , banks/ $460,000; * J ' New York Chicago >& St. Louis $225/245; p. of was ' Gross taxes 1,62, • G&a Exploration Co., Ltd. Period End. Aug. 31— , . payable due to employees, $318; proyisionr (less U. S. Treasury notes and accumulated $103,910), $2,564; long terrrt liabilities, notes-payable, bank,: ;$ia0,a00; Deserves,I$12,223;; capital stock, $1,625,009; surplufi, $700,Jlu;v total; $3,206,-269.—V. accrued fqr Federal interest of. Refractories recapitalization, income ;and Other declared the- Rate .per Cent Mines, „Ltd. Co., ILt'd.l (Farms African "Includes' 5% on . LIABILITIES—Notes ' , Adlingten Jleldiugs, S. .A. -Ltd.— Ltd._, 1—, .Alkali, Ltd—--— Union Cold Storage of South Africa, Ltd. ' ; „ , and of $2,481,8011 ' : have shareholders S. A. General Industries, The South /Vtrlcan unereon hand, $357,767;'accounts receivable (less reserves), i$415,457;• ach'ances on grain -purchases and miscellaneous -receivables, r $.45,584; inventories of manufactured products, (grain and feed, ingredients and supplies, $813,234; due from ,8550; investments,; $450; iflxed employees, assets, net, $1,487,118; deferred charges,$86,199; total, $3,206,269. ; ; .and ■" companies to registered Kuper & Co. Ltd. The 30, of group •Radford - BALANCE 75 1, July 166, p., 1153. Operating income ; FjrsL Electric Cof p. of South .Africa, Ltd— Kinemas, Ltdl— : $0.76 applicable 1946 .dividend of , Group of Cos. (Union of South 1_ Development,& Explorat/n Co., Ltd. Areas, Ltd.— j. Amalgamated $76,031 ; ocqupancy 1947, *' following West Rand Western - share per * Gold, Coal & Estate Co., Ltd New Witwatersrand 1947 :_i ^ the -Goidfiel'ds; Ltd._-J/_l__:_::_l/____ Lydenburg Gold .New Mines, Ltd ; iax_" of Rooderand Main. Reef Mines, ,Lld.„_„ Somerset Investment Corp., Ltd.___^. ENDED ?each; Other taxes - 256/725 • $2,144,944 ' Eastern Transvaal Consolidated are of each class tax directors New* Unioh agree¬ There a 1 company for Fed. bond* carry Corp.—Dividends— was . 1,063,022 ; $2,514,490 369,546 •Prov. the must payments were n>ade: April and Dec. ,<31, 75 cents.—V. Period End, June 30— $3,801,548 1,061,875 -256,921 period—.- Company— notes 6,761 Earnings - - -- . Co.—Earnings— .EARNINGS FOR before — dividends,-payable 19,1947: y • ; • •' *. '• outstanding. Proceeds working capital.—V. 166, p. 1153.. * ; National Oats Net 165, $7,500,000 notes note , that delivery in settlemea* . cents Oper., iadm. & .Maintenance ; - - ■following addition-^ notes and at were added stock-for the Africa)'—Dividends —• / . $3,833,286 88,490 21,096- applicable-to The A Sept. subsidiary, Operating $3,685,712 138,018 88,490 New Union Goldfields $1.981 . a following profits/.taxes $3,695,268 „__A—$192,166 ineome • 4,719,0313,199,491. 3,731,523. -12,033 • . 600,000 „ directed be A and class B common 25. A. like amount Northeastern Water Co. (& 15,837,736 $293,778 10,198 $301,752 mtge.-bonds-^-i 18,123,436 3,243,282 3,164,340 3,688,500 -.$1,113,707 ; $1,187,998 5 outstanding——-A / 1,415,363 share_T $0.72, p.' 2139. ............... plan Balance 185,305 — 165, to 15, 1947, Only one outstanding - after -completion - of exchange -for classes of old stock.—V. 166, pp. 1153 and Inc.—Earnings- 300,900 int.-and-deducts. Net . —V. this became qther. Sept.- -19 and year.-- the plan owned ' 1,429,006 270,140 203,229 266,677 approps. —V.>166,-p. 569. Net income Common shares Earned per and 470. p. .26,246 • into , $0.69! company's 166, 1,630,132 4—_ taxes " Int.- 1,066,300 60,996 $0.67- ' - 1947—Month—1946 1947—7 Mos.—'1946 $2,691,592 $2,553,880 $31,913,826 $31,173,493 Gross income v 68,546 800 069 ' taxes, depreciation and depletion all eligible employees under $2,534,397 124,704 — —— ' $0.58 on- "Flat," the directors declared record 1946, The > $1.08 tTo Net Operating revenue Other ineome (net) 7,413,422 _T1_. expense 18, American Effective— \ t xompensation.-r-V. . ♦ $1,143,543 . Exchange North ,f Period Ended July 31- Other _1_„— $1,350,969 $2,113,192 deducting .costs, Prop, retire, provision for Federal income taxes———— Amortization of intangibles--—i—i. Miscellaneous charges interest Stock outstanding class Oct,-1, -50 ■ , 1946 $1,465(660 —- $1,317,516 York Sept. the In the- year 1946 were not suffi¬ otherwise be payable in 1'94® Income bonds, due -2014, it i* would convertible - contracts 'made beginning-Oct. 1, 1947, 1948, and subsequent coupons.—V, 166, p. 953. holders'of 75,000 . — New Orleans Public Service $9,335(496 . 225,000 250,000 - . New July 1, -this 250,000 . 649,638 — 210,000 - 668. $14,690,042 13,224,381 -I——. — 286,262 $1,650:969 Other,taxes —'— * 1947. —--- 276,136 $1,602,516 ,75,000 which mortgage 5% North American Rayon on $1,364,707 386,411 wages Nov. 1, 1947.-to holder* of these -dividends tli* preferred stock will totaH payment the first during any- interest Exchange 109,538 $1,326,379 9, 1944. declared a regular quarterly dividend of $fo® first preferred stock for the quarter ending Oct.. 3*l'to stockholders of record Oct. 15.—V, 166, p. 96®* continue to. be dealt In April J, 36,638 $1,007,132 pay general The of - • . ——i—'„, 342,069 $1,393,543 „ dividends "Alter ' ; 344,129 96,579 31 payable the on . shall 94,581 per' share on 1/960,000 shares —L__ . 6 Months ,Ended June 30— 13/367 388,929 Oct also the announced. $1,852,951 $2,363,192 operating ..expenses. 31, 75,970 to the on 100,947- 462,307 addl. • cient $1,767,-087 •. __ Earhings Chemical Bank & Trust Co., New York, N. Y., has been pointed ap¬ (trustee/, registrar and paying agent for $766,000 3%% col¬ lateral trust bonds due Dec. ( $1,738:638 •- After 1944 Norfolk Southern Ry.—No Interest— The/earnings of this company 69,824 $1,490,642 1947. salaries for f The National City Lines, Inc.—Earnings— ( (Including wholly.-owned'subsidiaries) on 1947, payable NoV. On income contingencies.- for and ox' National Chain Store Properties, Inc,—Trustee— 15, share. directors share per 166, $1,621,294 losses™ income tRes. . $0.75 / Oct. and,unpaid, dividends per The ft. cu.» are record accrued production ago.—V. 71,511 -68,526 * $2,466,489 emergency. expanses Res. $250,000' $1.74 —-— below year 93,000 Non-recurring 1946 $583,000 —— share--— 166, p. 857. 124,647,000 a $1,350,605 472,604 War the ' v of a 1944 ... 1947 1 , week ; ' week 1945 121,456 - expenses banking -Earnings^—' — Earnings • - _— admin, Oper. National Battery Co. (& Subs.) at 1.39% or 1946 - Retroactive wage adjust. director a or Subs.)—Earnings— 110,023 Misc: other oper/income Gen. .& • , kwh., corresponding .reported ft., $2,235,010 Total Income of investment 470. p. Three Months.E'nded July 31—.' Net profit (est.).— • is cu. corresponding 1947 • - —' „ 1, the 3 Mos. End. June 30— Other committee 1,312,622 the -• "Sales Namm's, Inc., Brooklyn, N. Y.—New Director— Frederic A/S. . of for declared for the quarters ended July 31, 31, 1945. The dividends and-Jan. output1 9.44% $3.75 Sept.. 19 -week of ft.- for cu. kwh. electric each were » - .. for • .Operating \ increase an obliga¬ tions. : —V. (1257) Association—Output— this Association reports > Mutual Finance Co., Tampa, Fla.—Files with SEC— of 19, New Jersey Zinc Go. <& The company on Sept. 18 (filed a letter of (notification with the SEC for 2,420 shares ($100 par) 5% cumulative preferred and 2,420 shares (no par) common stock, to. be offered at $105 per unit, consisting of one share of .each. The shares are to -be,distributed by A. M. Kidder & Co. as agent. Proceeds will be used for payment of current firm - decrease a 1153. ■ stock at $50 per share.. Proceeds will be used for partial' payment of outstanding bank loans—V. 153, FINANCIAL CHRONICLE 'production .' of- 13,898,275 126,410,000 p. Minn.—Preferred; Offered—Piper, Jaffray & Hopwood, Minneapolis, Sept. .23 offered 6,000 shares of 5 V2 % .prior preferred .on ended Sept. kwh. This is year., ago Gas output deben¬ holders week 15,210,897 of (A. the above ,the on B r& New England Gas & Electric interest 10-y.ear .6% cumulative years' interest will be made :three and Payments "COMMERCIAL THE — 5% dividends dividends" p. $2,434,090- $2,123,60® 13,$67 13,567 27,135 532,198 27,13® 524,397 1,056,595 1,136,193 3171. Pacific Finance Corp. of • The company on f Sept. 24 filed covering 19,750 shares ($10 par) a Calif.—Registers with SEC— registration statement with the,SEC?, stock, to be offered to officers' common and employees of the company at $18 a share. for general corporate purposes.—V. 166, p. 953. Proceeds will be used Electric Co. Pacific Gas & proceeds ^°en has Joseph elected a • inSmftaSs^earnings ^Undist *- company's direct and .indirect sents stock outstanding after ' 307. p. , Corp.—Earnings— Pennsylvania-Central Airlines June 30/47 Mar. period— . Operating revenue Operating - 5,348,582 profit . income deductions (net $19,549 217,206 *$2,206,149 *$2,186,600 125,811 343,017 Dr) •Loss. Net . STATISTICS Qtr. End. 30,'47 Mar. 31,'47 4,448 3,975 Qtr. End, June Period— Avg. no. during • Revenue miles in operation of airplanes period scheduled miles «Revenue 6 Mos. flown —I 8,795,596 dividend Preferred 90.04 —V. 521,910 17.8 Net Net —V. 318,304 shares ($100 par) preferred Proceeds will be used for 3,000 2,043,248 12,336,630 underwriting. 165, p. 815. V. SEC stock, to be sold at par, without corporate purposes.— to extraordinary construction program carrying out an of of the was program 000,000 —V. covering major additions to the company's electric system. estimated by the company at approximately and work is expected to be completed by the end of and improvements to 166, Cost $39,-^ J951. 858, p. an of 15.0% .—W.. 166,-p, increase 1154,ic. 000/. 'M Cf 1 „ 'iti4,,', &-;.Co£c5;._Corji;^Fto Subsidiaries) 1947—3 Mos.—1946 1947—6 Mos.—1946 $1,759,920 . $760,783 $3,836,778 $2,757,134 Gross earnings -/ and taxes— exps. 1,721,771 $38,149 Profit •'•/• Divs. allied from Radio-Keith-Orpheum.Cprp. (& (XnclU-ding Wholly Owned Period End. June 30— 1,037,753 $$276,970 5,210 . ' 21,502 7,533 Cr57,000 $30,392 $$203,877 $77,828 $$106,085 (est.) •Net inc. for the shs. Earnings 164,888 164,888 Nil $0.47 Nil $34,106 $26,709 $69,070 $60,283 165, 15.—V. dperec. tLoss. ' TWELVE MONTHS ENDED JUNE 30 1947 $5,767,170 7,603,875 5,919,565 $93,462 $$152,395 16,210 Drl.342 71,251 63,802 $180,923 $$89,935 24,188 10,930 42,000 1,000 $114,735 Operating expenses and taxes— • 1946 $7,697,337 earnings utoss $$101,865 20,117 Profit Divs. from allied cos. operated under leasehold agreement Sundry • ^ income income__ Gross Charges to incomes Prov. for income taxes •Net income foi* (est.) the period Depreciation charges of prior years »' *• f » & Net , - - income transferred to surplus Earnings per share • ♦After charges for $114,735 $$81,748 $0.69 Nil $138,898 $110,327 depreciation Sept. 20, 7,358,000 kwh., l^st the outstanding of ; Phillips Electrical Works, of Ltd,, Toronto, Qnt.—Regis¬ ' ' Ltd. (Canada)—Bonds Called first mortgage 15-year sinking fund 4'/2% been called for redemption on Oct. 15, next, Payment will be made at The Royal Bank of Canada in Montreal, Toronto, Ottawa, Quebec, St. John, Halifax or Vancouver, Canada.—V. 165, p. 2803, bonds, series A, have at 103% and interest. 9,386,985 Directors, Etc.— William Hamhave been elected directors. N., retired, and Bros., also announced President, 71,815,969 24,443,048 9,725,355 20,700,750 Eurroughs, that W. H. will join the 955. Stock Of¬ 130,000 shares of common stock, no par (represented by voting trust certificates) at $5.75 per share. The stock is being (Mass.) Racing fered—Bonner & Bonner, Association, Inc. — Inc., on Sept. 25 offered behalf of certain stockholders and no proceeds will accrue to the company. organized in Massachusetts, April 18, 1935 under the name of Wonderland Amusements, Inc. Name was changed to Wonderland, Inc., May 26, 1938, and to present title on March 22, HISTORY—Company was 1940. Sept. Sept. Greyhound racing meetings have been property ever since the Summer of 1935. shares of (par lc). cumulative annual dividends to the extent of 7% of par value, and is redeemable in whole or in part at $1 per share plus accrued dividend, if any; it is further provided that no dividends shall be declared or paid on the common stock until the entire issue of the class A stock has been redeemed or called for redemption. The class A stock shall have voting power only in the event that no dividends thereon shall have been paid for a period of stock A two years of the is entitled to after Jan. 1, 1948. presently outstanding stock, prior to the sale and issue of any stock now offered, consists of 300,000 shares of common, issued the by company to the organizers at par. These are held for investment and have been put and five days. concentrates, by processing them into 300,000 shares of in escrow for one far the country. metallic salts, and initially to market tungstic scheeiite (a type of tungsten ore) have been con¬ verted by this process under the direction of Harley A., Sill and as:, reported by him the conversion resulted in chemically'pure'"metallic salts. Other rare metallic salts, he states, should be successfully pro¬ duced by this method, among which are manganese, molybdenum,/ titanium, zirconium, vanadium and lithium; conclusive tests in respect to of the foregoing The of No. company have not been conducted. to base its initial proposes and processes, as set 2,390,105, dated Dec. 4, 1945. the methods public offering of securi¬ country. However, there racing companies listed on that this offering is the first greyhound racing business in this It is believed ties of are about 20 stocks of a •Yr. English greyhound Stock Exchange. London the End. Length re; Meeting 100 days 100 days 100 days 100 days 84 days 50 days 100 days 11945 1946 1947— •Company's fiscal year the tFor ( DIVIDENDS *J,r* of' 'vTotal Amount NdtS Eafhhigs OPERATIONS AND April 30 . Paid None $13,581,915 $142,009 17,539,499 18,826,250 28,574,512 574,076 $424,557 455,539 375,180 501,680 ends on April 30, 452,157 565,460 34,750,881 25,803,724 49,915,633 460,000 608,212 460,000 1,445,952 1,038,400 thus earnings for the yea* track operations during ended April 30, 1945, company year ^Dividends (After Taxes) Wagered the Summer of 1946. was allotted 100 days the Massachusetts Racing Commission. However, racing meet was conducted by the company for the agent for the National War Fund, Inc., to which the 16-day meet accrued. The income and expenses of are not included in the above figurs, racing by a 16-day benefit of and as the entire profits for the 16-day meet CAPITALIZATION—The capitalization of the company is J,300,000 stock authorized and outstanding. Company has no mortgages or preferred stock. All of the ing shares "of the company are deposited with and held trustees under an agreement dated April 2, 1940, which will terminate April 2, 1948, unless sooner terminated by action of the outstand¬ by voting trustees. outstanding bonds, 166, p. 1056. —V. Reynolds Pen Milton Co.—Acquires "Printasign" Firm— board, on Sept. 23 announced the Reynolds, Chairman of the Chicago, The thta company of the Printasign Corp. of America, 111., for a price said to be "in the neighborhood of $500,000." Printasign is a machine for printing signs and, is widely used department stores.—V. 165, p. 1234. purchase by St.. Louis-Southwestern RR.—Trustee operations upon utilization forth in United States Patent District Federal Judge George by Discharged by on Sept. 24 discharged and congratulated him on H. Moore Berryman Henwood as trustee of the road the road's return to private control under a as well as bondholders. reorganization plan approved plan preserving of stockholders After a sary in view of the "This is a the rights found unneces¬ years, the Cotton where a railroad, unable ago, has come back to pay off rather unique situation obligations some 12 years its by the ICC was railroad's profits during the war its former owners last July 24. Belt was returned to tq meel its obli¬ commented gations and return to private operation," Judge Moore after approving Mr. Henwood's final report on his trusteeship. Mr. Henwood told the Court that in addition to reducing its debt funded than $15,000,000, the railroad had reinforced its. rolling hundreds of new cars and steam and Diesel locomotives paid out Of current income, improved tracks on much of its main line, installed modern safety equipment.—V. 166, p. 955. by more stock by for to engage primarily in the business of treating particularly those containing rare minerals acid. Concentrates conducted annually on this It is believed that the num¬ attending and the amounts wagered at the Revere track greater than those of any dog or greyhound racing track in ber of persons Court— 3, Class a greyhound racing track and and buildings are located on ap¬ physical assets are owned in fee operates and owns Company at Revere, Mass. The track proximately 40 acres of land. All and unencumbered. park shares of common 3174. refractory of this company and its subsidiaries for the week 1947, amounted to 136,233,000 kwh., an increase or 5.7%, over the corresponding week of year.— V. 166, p. 1154. All p. The company proposes Co.—Weekly Output- The electric output . $0.84 $1.30 $6,881,353 3,818,422 $1.80 1947. CAPITALIZATION—Authorized capital consists of 300,000 class A stock (par $1) and 2,200,000 shares of common stock Sept. year iMiv C-i"' ended $5,107,347 3,924,913 Chemical Co.—Stock Of¬ York, are offering (solely as a speculation) 295,000 units comprised of one share of class A stock (par $1) and one share of common stock (par 10). The price per unit is $1.01. i Transfer Agent; United States Corporation Co., Jersey City; N. J.; Registrar: Registrar and Transfer Co,, Jersey City, N. J. HISTORY AND BUSINESS—Company was organized in Nevada, common Philadelphia Electric Reeves Minerals Processing & Rare The — depletion and $Loss.—V. 165, p. 2674. (JiKT $3,205,399 3,818,422 $2,836,664 3,924,913 $0.72 fered—Thornton & Co., New RESULTS FOR THE 7 $8,067,347 $11,543,353 2,960,000 4,662,000 tration Statement Withdrawn— The registration statement (No. 7104), which became effective 9 and .covered 460,000 shares of common stock was withdrawn $0.18 for de¬ and : outstdg— Earns, per com. share —V. 166, P. 705. 164,838 outstanding— share pletion all after shares Com. 164,888 per •After charges $5,347,399 2,142,000 Raleigh Red Lake Mines, pe¬ riod Cap. $4,200,664 1,364,000 3,649 1,605,853 41,000 taxes income for Prov. $140,330 15,000 //Charges to income taxes est. inc. profit charges $$254,026 6,851 $56,826 _ 1,108,786 Assistant Treasurer of Burlington Mills Corp., organization as Controller on Oct. 1,—V. 166, p. ended April 30, 1947 cover Net $$98,553 11,434 income 2,258 - 35,650 33,903 22,944 — - ' 210 18,466 4,065,246 partner in Lehman Reeves, M. J. 1944_ 1,603,244 assets for Prov. operated under lease¬ agreement $2,597,420 29/46 June 28/47 June the on capital $$134,203 $101,217 operationssale of from Profit Total hold Gross Profit 2,891,337 3,735,561 26 Weeks Ended 29/46 $5,345,140 $6,461,494 $11,539,703 June 28/47 June Period— Subs,)—Earnings— Ended 13 Weeks cos. Sundry income 76,154,444 formerly are Engineering & Service Corp.—Output— Electric output of the operating companies served by this corpora¬ tion for the week ended Sept. 20, 1947, totaled 231,052,000 kwh., as compared with 200,904,000 kwh. for the corresponding week last year, Public Utility ><ir brss . 65,606,472 10,045,666 1— from the sale Bonds— ' ... $9,791,949 2,859;902 995,175 1,951,088 sold on ... Public Service Co. of Indiana, ^c.—To Issue The company has asked the SEC for permission to issue and sell $15,000,000 of first mortgage'bonds, series O. due Nov. 1, 1977, finance its construction program. The company said it proposes to use part of the proceeds from the sale of the bonds to pay the costs manufacturer—contract :i^X(*Pennsyiyania Coal p. merslough, 117,557 $0.39 for general 1944 $9,022,711 1946 Reeves Bros., Inc.—Two New Rear Admiral Richard E. Byrd, U, S. SEC The 1945 $9,264,691 2,051,715 984,394 income 859. oper. 166, $1.06 8,211,932 — income— railway from ry. 628,110 $1.03 1947 $9,766,982 2,062,372 1,017,120 railway from Gross $666,422 628,110 75,562,042 17,596,817 railway oper. ry. $649,736 628,100 $1.79 Co.—Earnings— railway from from Net Prosperity Co., Inc., Syracuse, N. Y.—Files with company on Sept. 17 filed a letter of notification with the 51.45 $1,124,260 — 3327. p. Reading * Oper. 165, Revere 136,819,296 265,944,714 banks;'5 $4,000,000; traffic balances and trade accounts payable, $1,439,612; accrued liabilities, including 'payrolls, $1,069,865; transportation taxes, employees withholding taxes, ^fetc., $414,758; deposits on air travel card accounts, $39.9,074; unearned transportation revenue, $200,870; 15-year 3V2% convertible income debentures, due Sept; 1, 1960, $9,850,000; reserve for uninsured losses, $53,867; common stock (par $1), $479,083; capital surplus, $2,838,729; earned deficit, Dr$4,091,054; total, $16,654,804.—V. 166, p. 570. - —— income August— $154,672 37,115 _ profit applicable to common stock Net profit per share of common stock —V. 165, p. 2549. $2,320,760) l,196,500j shares outstanding Earnings per share $273,859 13,124 Net on hand and demand deposits in banks, $1,720,381; securities, at cost, $920,000; • accounts receivable, $1,821,050; inventories, at cost, less reserves for obsolesf''cence, $1,732,436; deposit due from aircraft canceled, $440,000; property and equipment, at cost (net) > $9,327,598; prepaid expenses and deferred charges, $371,333; unamortized debt discount and expense and other assets, $322,006; total, $16,654,804. LIABILITIES—Notes payable tax— earned surplus requirement— Net profit to 8,049,853 JUNE . 30, 1947 fless reserves, V 19432 Net taxes income . 1946 1945 Not stated 1947 :— taxes before , , Domestic Subsidiaries) (Including 30— Capital $286,983 3,188 129,123 — deductions for Federal income Income Government S. income Gross 40 ASSETS—Cash v Profit Federal the board of directors. :t,., , . ... ' Inc.—Earnings— Raybestos-Manhattan, Net 4,448 4,129,874 3,544,478 115,446,946 43.62 147,644 170,660 1,110,445 932,803 7,795,209 4,541,421 BALANCE SHEET, CONDENSED ■ r - 46.2 43.2 4,665,722 4,505,375 ton miles and air freight Passenger ton miles income Other 44.7 miles ton Express after parent company expenses Operating earnings End. 37 40 84.64 320,815 201,095 14.9 50,362,856 f'fu. the for 6 Mos. End. June $344,862 71,003 —— —— including interest & gen. taxes June 30,'47 cent of sched. miles flown— 94.81 ^Revenue passengers (unduplicated) • Avg. no. of passengers per mile— 20.1 « Revenue passenger miles—/ 86,456,440 Revenue seat miles operated—150,497,768 Passenger load factor (%) "' " 57.45 Mail operating earnings company expenses, Provision /Per i Farent operation in Stations operation in miles Route •' —-— the company with and to provide working will be used therefor as this issue is to provide erection of plant facilities, capital for the conduct of the business and may be determined from time to time by —V. 166, P, 1154.4 . . ... . $3,991,603 3,646,741 — — month. about $1,000 per of PURPOSE—The purpose of capital From January OPERATING .v^' loss Gross $2,529,617 $2,331,960 $197,657 loss Net operating revenues v months. designs for estimated (& Sub.)—Earnings— INCOME, SIX MONTHS ENDED JUNE 30, 1947 Operating expenses lease basis. This equip¬ lined tanks, electrolytic tanks, motor leaching tanks and . (including claim for CONSOLIDATED Gross includes tanks, mills, grinders, crushers, agitators, solution storage generators, air receivers and compressor, furnaces, other equipment. ' ' ' • - • . „■ The test period of the pilot plant should not exceed six During this experimental period employees will be trained, larger units completed and procedures determined with an Portland Transit Co. 5,459,518 10,808,100 Operating Other 31/47 June 30,'47 $5,368,131 $3,253,369 $8,621,500 expenses - 6 Mos. End. Qtr. End. Qtr. End. '. . . . ... present facilities will be available on a a chemical laboratory, lead whose Federal tax refund, $780,000), $822,006; land, buildings, machinery, equipment, etc. (less reserves for deprecia¬ tion and depletion, $18,167,341), $5,818,622; investment in foreign subsidiary (50% owned) whose only asset is land (less reserve), $57,000; deferred charges to future operations, $207,704; total, $12,966,057. LIABILITIES—Notes payable (banks), $600,000;. accounts payable (trade), $397,992; accrued liabilities (wages, taxes, interest, etc.), $524,503; provision for Federal income tax, $352,831; first mortgage bpnds (sinking fund payment due July 27, 1947), $400,000; first mort¬ gage bonds, 3y4% series due 1953, $2,450,000; reserve for self-insurance (workmen's compensation), $252,476; capital stock ($7 par), $3,681,755; capital surplus, Dec. 31, 1945, $3,169,658; surplus paid in on exercise of capital stock warrants, $15,145; earned surplus since Jan. 1, 1946, $1,121,697; total, $12,966,057.—V. 165, p. 2674. $2.90 idle. now cost ment $46,000; '46 mines of planned to equip a pilot plant at Los Angeles, Calif., at a pro¬ of approximately $20,000. It is to be located within the established premises occupied by Harley A. Sill a consulting engineer ASSETS—Cash, $1,629,712; notes and accounts receivable (less re¬ $1,190,277; inventories, $3,182,236; U. S. Govt, securities, on deposit with State Workmen's Compensation Commissions, cash on deposit with trustee, $12,500; sundry investments and deferred non-consolidated subsidiaries, representing the net interest as a stockholder. tRepre2-for-l split on July 8, 1946.—V. 166, partially owned •Of 30, 1947 .located in the far sources of raw is It company). sales were ended June 30, 1945, net equipment comparatively An operation of this type inexpensive. and near jected serves), $21,792,000 t7,504,272. $10,205,000 $17,407,000 t7.504,272 7,118,872 $l.ll ' $1.36" $2.45 885,000 7.118.872 $7 Net profit — •Capital shrs.voutstdg._-. ;Earnings per share , the three months $1,197,592 and net loss amounted to $252,930. CONSOLIDATED BALANCE SHEET, JUNE $17,652,000 4,140,000 $9,151,000 $14,218,000 1,489,000 1,054,000 3,189,000 $6,396,000 ' tax and surtax (subsidiary derived is designed to provide a materials and ready markets for company's products may affect substantial savings in freight charges. These savings alone should justify the operation as economic. Utilization of this process in the treatment of rare mineral and complex ores of low values which are to a large degree now commercially unprofitable, can be made profitable thus permitting operation of some of the great $214,803 525,965 525,402 $0.59 1 $0.41 for Federal income NOTE—For receivables "Pland simple west, number been 6 Mos. Ended 29, '46 July 5, '47 June 29, July 5, '47 June Period— through utilization of the patented process. The patent relates to an invention which more economical method for treating ores by $308,922 profit Capital share3 outstanding Earnings per share •Provision Ended—r— 3 mos. rj $259,003 30,425 *13,775 Net Inc.—Earnings— Paramount Pictures, jr $483,875 26,653 148,300 „. Federal income tax provided to the company ■ calls for pay- to use such patent is license exclusive agreement with the assignees of the patent, which of 5% royalties on the receipts from sales of products ments 14,876 48,377 funded debt on Provision for Paraffine - $244,127 — income Total Interest Sept. 19 filed a registration 'covering $100,000,000 40-year debentures to be bidding. Proceeds will be used for company's Company will receive bids for the purchase of a.m., Oct. 21.—V. 166, p. 1153. Companies, Inc.-^New Director— A. Moore, Jr., President of Moore Dry Dock Co., has director, succeeding Bruce F. Brown.-rV. 165, p. 2419.,. $435,498 _ profit income Other Co.—Registers with SEC— statement with the SEC sold through competitive construction program. the bonds up to 11.30 Tel. Pacific Tel. & The company on 2,396,690 123,833 expenses Operating V. 166, p. liw. 27/8% coupon. will bear a bonds The by the company with improvement of facilities, Utilities Commission. tie by 1946 $2,764,650 3,105,444 135,610 — — and ordinary tax Depreciation and depletion Cost, of $75,000,000 first mortgage bonds to be used in expansion and authorized by California Public The- sale the sales Net 1947 $3,676,552 Ended June 30— Months 3 An (& Subs.)—Earns. Pennsylvania-Dixie Cement Corp. Interest Rate on Bonds — Fixed at 27/s%— ' Monday, September 29, 1947 FINANCIAL CHRONICLE COMMERCIAL & THE (1258) 10 and Safeway 6 Months Stores, Inc. Ended June 30— tNet income "riertds Preferred dividends Balance for /.J/7/ common (& Subs.)—Earnings— 1946 1947 t$4,771,774 - $4,299,748 1945 $2,407,286 500,802' Not stated $4,270,971 outstanding 2,570,647 2,540,648 •Earnings per common share $1.66 $1.49 •After preferred dividend requirements. tAfter interest charges, de preciation and income taxes. $After deducting $520,000 contribution employee retirement plan.—V. 166, p. 1154. Common shares Volume Number 4633 166 Schiff Co. THE COMMERCIAL (& Subs.)—Earnings— postwar 6 Months Ended June 30— Net profit 1947 sales Net shares Earnings per half holdings share and of S. $3.96 the shares of A. 213,053 Beck dividends in of the issue outstanding, of A. 222,750 — include $34,316 of $170,442 half 1946 Beck S. year Shoe in the 165, Scudder, Stevens & Clark Fund, Inc. To Issue and Net Asset Value—To Split Shares Two Redeem Shares at notes Net the Other Fund holders that who these The and, Fund charges are it necessary, redeem tion under formed •will be curred by and this the Fund redeem firm of and at will of expenses Stevens be these of net Distributors, the Scudder, there because shares Fund All & in The Net of the a premium of 1%.. 1% of net Splitting the shares issuance of additional shares Net asset value and redeemed at a present shares on a two'-for-one retirement of all shares in the treasury and of asset to $50.71 V. 166, p. value of the share per to Fund being accomplished has issued for bids , deposit, income U. S. Treasury income on ." — —— Provision for Provision Director— for U. Colombian S. income directors per stock. In ferred share per Sept. 22 declared a regular quarterly dividend of share on the 5 V2 % $20 cumulative convertible pre¬ on cents making record total a Oct. An of cents share per payable Nov. 1 to income taxes taxes. the first dividends to be declared under the are As payment earned Frederick L, Chapman, Vice-President of Herrick, Waddell & Co., of New York, has been elected a director of the corporation.— 166, pp. 472 and 308. Inc., to Seaboard Finance W. A. pletion President, announced Sept. 22 that upon' com¬ company's exchange offer of new $2.60 convertible (no par) for the outstanding series A and series B stocks, 43,855 shares of the new stock had been taken fered the preferred under the exchange, S53 Such share per leaving shares plus 12,329 accrued shares offered were dividends to to be the by the treaded by The First Boston Corp. Acceptances of the exchange amounted . •tock and over Colo. of the group new and money offered were by after the stock of exchange, which underwriters of serial the the for beginning of the exchange period. Delivery exchange offer and' to the underwriters of the new stock under the was made Sept. 25. The company expects -to make application in the near future for the listing of its common stock on the New York Stock Exchange. The Chase National Bank of the City of New York has been ap¬ pointed transfer agent for the $2.60 convertible preferred stock. See •lso V. 166, p. 1056. Co. shares held, at 1,810,000 $0.15 $9.50 the to holders share a unsubscribed any of the Stork. New and at the of rate Hutchinson sale ' of serial an in Co. of are 1947 Serve!, Inc.^—Earnings—, 3L- " be of notes the of the sale of the company and the common balance stock is together 1,726,926 in Pueblo and environs. tLoss. provision fBefore $0.52 $0.41 , for Federal provision for taxes, Federal • $0.40 , Months Ended June 30— Expenses Fixed : 6,036,222 charges Net and income excess profits $1,807,483 1,306,950 — Dividends i 901,408 Surplus —V. 166, King Coalition Mines Period End. June 30— •Net profit $102,561 Capital shares Earnings V. per all •After $327,317 outstdgshare taxes Co.—Earnings— 1947—3 Mos.—1946 $0.08 and $$65,212 1,220,467 depreciation, but cents Nil before $0.01 depletion. Months Ended June (& . > sales . 1947 of 70 cents per have This also corporation projects 18. The was income Total — — 1,915,883 near paid two Oct. on income Consol. net income for six Common dividends $2,041,001 The 78,654 1 22,656 Long 1947 to ended June 30 — —-— $1,610,681 surplus 596,400 $964,581 Earnings per share.. : ' , 1———— amount 1946. 497,000 497,000 $2.47 CONSOLIDATED BALANCE SHEET, JUNE 30, ASSETS—Cash, coonts $631,724 $3.24 — and $3,097,089; government notes receivable (less reserve), securities, $1,505,000; $2,793,264;-inventories ac- not In excess of cost or market, $5,641,251; prepaid and deferred items, §236,016; notes and accounts receivable, not current; $34,000; estimated ferred semi-annual 15, 1946, dividends for made 166, redemption Net profit Earns, per share— com. the $1,205,893 ._ rate ' 1 . 1944 $1,129,032 •546,664; of . 70%. $734,071 $3.50 . tAt the *690,323 100,000 ■ $277,141 $2.13 rate of $338,709 $0.96 38%.—V. 6 Months Ended June 30— sales _______—1 166, $1.18 801. p. 1947 1946, $4,366,498 expenses. $2,428,412 2,370,044 3,991,676 _ i„ received from Total *65,248 , . ... $309,574 . subsidiary company: 54,660 j-".':*", bonds on 1,936 iVX't Provision for Federal profit shares Earnings for income -Br900 •$3,778 14,325 121,872 ; $198,844 *$18,101 83,832 83,832 - $2.37 1774. p. flf6,583 redemption taxes outstanding-— 165, ? 229 $320,716 share per 8,976 e ' called $3,707 ..... j, Premium •Loss.—V. of - Nil - ■ for company on Sept. 23 filed letter of notification with the SEC to be offered at $2.50 per a 100,000 shares of capital stock share. (par $1), Underwriter, American Canadian Enterprises, Ltd., New York. will be used for working capital and increase production facilities. Tennessee Corp. p. Dec. 40 All one three on for $194,000 on for awards scheduled to be let > 1, next, net Earnings per stock, was payable disbursed Oct. on a 30 from the Sept. on on income U. S. California, Army Engi- for trar 26, for five other 1947—V. the New 164, 1st ' 4.25% dividend stock has been also of 50 declared, on cents payable 15.—V, 166, p. 472. ; Bank company on Sept. 19 filed covering 9,524 shares ($20 par) to be Issued in consideration for Tampa, Fla.—V. 166, p. 1096. a 5% letter of Jan. 4 and Nov. ' 27, will mtge. of $598,129 $1.04 the rev. j be up Service received to bonds noon - York $100 p. 2591, Agent, Etc. has been Trust Co. & par as ap¬ regis¬ value. For Co.—Bids Invited— the company at Room 2033, 2 Rector St., Sept. 29 for the purchase of $7,000,000 by series of 1977.—V. from 166, p. 859. Co., Inc.—Earnings— ' 1947 sulphur sales and misc. income $15,217,737 9,549,134 ; ' for 214.04O 545,290 100,000 2,635,000 profit $6,054,804 contingencies Federal and foreign income taxes— Capital $0.70 164, (EST) Operating profit Depreciation Surplps • New stock, Dividends paid . of preferred 3,840,000 „ prior preference, stock, City Bank 3 Months Ended June 30— Reserve registration with the SEC cumulative . $890,031 Chemical Amortization share-on the pre¬ Nov. 1 to holders of the assets and plant of The Polk Cp., , $2,198,129 1,600,000 the and Texas Gulf Sulphur Gross per Stokely-Van Camp, Inc., Indianapolis—Files with SEC The 840,000 ( V. 166, p. 1096. see York Net * 1945 ($1,730,031 Stated cumulative Texas Electric , Bids bids National pointed transfer agent offering, the Hudson River, . quarterly 1946 t . $2.09 ] share Chase The separated announced.., the Colorado was dividend of 25 cents per share on the to holders of record Oct. 15. A like April 25, last, and usual 1947 Not $1,785,951 taxes Tennessee Gas Transmission Co.—Transfer widely $198,000 at Surfside, were Subs.)—Earnings— income—._) •After charges and Federal and State income taxes.—V. also announced that it has entered were consolidated Est. Fed. and State income 376. bidder (& 6 Months Ended June 30— Estimated distri¬ extra an on approximately $616,000, it were a $224,000 project Texas; Beach. which record Oct. i 1947 20 " v, Extra Dividend—Partial contracts The directors have declared $1,228,124 646,100 : 100,000 $ ' common mos. June $923,805 Capital Standard Steel Spring Co.—Distributions— 873,815 Capital shares outstanding . . 1946 $ 597. The Balance company contracts 17,716 1,144,500 on each 1945 The American Frog and Switch Company Interest and discquqt .(netW^— Miscellaneous income and expens&ij (net)— , taxes.——1— common 100,000 charges $2,119,655 1—_ Dominion and Federal $2,962,837 185,000 —— trust—i cents Will the on $1,183,986 1349,915 •Estimated called Hudson, N. Y., and another just below p. income Employees' pension Other charges $2,897,119 65,718 per share stock, both certificates made Co,—Earnings— Operating income —Jan. 1 to Sept. 14— neers. Operating profit Other cents 5,551,589 201,221,894 191,705,300 — successful totaling River at Matagorda Bay, 7,874,279 2,402,914 15 25 common Scrip 90,000 norm, Dividends share. directors dredging on Sept. 1946 10,476,999 expenses— 1. $1,944,989 t649,096 $Loss.—• $15,777,033 $11,831,163 Cost of goods sold Selling, general and administrative of the on Oct. Proceeds addition, The Subs.)—Earnings— 30— dividend stock tax & surtax Standard Dredging Corp.—Bids Successful— Simonds Saw & Steel Co. 6 cash record 18, this year, as against 1946.—V. 166, p. 1156. Paper 31, per Telesonic Corp. of America, N. Y.—Files with SEC— $82,800 of debentures at par.—V. 165, p. 3059. Net -vihjx.lL $ & Bros. year, the company each and, in bution $18,502 1,220,467 $0.02 of June 9, July $2.18 or ' Stock Distribution— a common holders ended $1,525,562, Depreciation of plant and properties directors Last 1947—12 Mos.—1946 $31,448 1,220,467 1,220.467 in with 1926 29, 1945. based on the on 472. p. Silver The at - declared to Cost of sales and have declared an extra dividend of 75 cents per share the common stock, payable-Oct.* 15'to holders of recdrd' Oct.1 8, and the regular semi-annual dividend of 50 cents per share on the common stock, payable Dec. 15 to holders of record Dec. 8. The previous semi¬ annual payment of 50 cents was made on June 16. 1,089,125 $500,533 17 months seven reported in Dec, share, per in mills Philadelphia Reserve for conting—— The $1,416,442 the started was incorporated $1.98 has at Taylor-Wharton iron & Steel Co.—Earnings— Earnings— 5,266,264 Spalding- (A. G.) Redemption— -i— 1-1' ' > com¬ • and 1946 1,500,000 1,023,267 taxes— earnings (est.)— —V. 166, p. 1155. 38,578 1,575,000 depreciation income For were or in lieu of fractional shares. distribution of 25 cents per share was after Net —Wk. End. Sept. 14— 1947 1946 - Gross 1,435,953 1,875 for Provision for - $ 5,712,620 1,437,328 __ Provision Period— $11,881,177 $11,005,002 — — Exchange 1946 1947 — which was of shares Exchange. containers Net - Southern Ry.—Gross Shawinigan Water & Power Co.—Earnings— 6 Cross revenue 700.000 1947 "" output of this company for the week ended Sept. 20, 1947, totaled 2,569,000 kwh., as compared with 2,324,000 kwh. for the corre¬ sponding week last year, an increase of 10.5%.—V. 166, p. 1155. reserves, and other charges. taxes.—V. 165, p. 3398. Stock corrugated Corp.—5% Electric Nil , - list to . Weekly. Output Increased 10;5%—v*> 1,726,926 Oil Nov. Dec. •At , f$374,995 earnings 1324. Sutherland provide funds includes the installa¬ ~ $897,396 1,726,926 Chicago 6 Mos. End. June 30— - with ■ ' application the on dividend on Profit to completion of the foregoing transactions, the company will outstanding $5,000,000 of first mortgage bonds, .3% series due Nov. 1, 1970,. $1,600,000 of serial notes and 476,970 shares of common stock.\ • made have cash and U. (Commission of Colorado. Of the proceeds of $780,000 is to be used to redeem the presently out¬ of of be " ' p. stock issued A stock the $7,228,808; adjustment to Corp.—Listing Application— directors payable Upon 1947—9 Mos.—1946 ' t $781,324 -1,726,926 $973,107 Common shares outstdg, Earns, per com. share— •After ,y 1947—3Mos.—1946 . ' " 5% a Fed. to series, of outstanding. 165, Sunray of¬ have f„ Period Ehd. July ♦Net profit ————J— shares unaudited The and Pueblo, subject for and tax Franklin, Ohio, with fabricating units 111., where the main office is located. share.—V. . securities new construction program which additional 15,000 kilowatt capacity operation ($5 Chicago, Succeeding J. H. Stone & Sons, capital of $1,735, corporation Earnings for 1946 were $1,385,765. • the company's of and liabilities, taxes and and its shares to be accrued notes, applied in $3,055,035), $7,164,594; reserves, $4,« par), $6,502,910; capital surplus, $6i451,022; amount manufactures company 700,000 steam electric. gener¬ ating unit, including boilers and other auxiliary equipment; in the company's Pueblo plant, improvements and betterments to the com¬ pany's electric transmission and distribution system properties, and the purchase, of new passenger buses soon to be delivered and placed , and income Treasury P, notes, proceeds the tion of issuance other S. 60. p. Cochocton Bosworth Sullivan and Co., Denver, expected that $1,000,000 of the new serial notes will be by the Travelers Insurance Co. and $600,000 by the Guar¬ Trust standing rep¬ at in company has stock ($1 par), mon 79,000 $282,493 Is approval the the stock common 15 stock common $0.32 1947 surplus accumulated since Dec. 31, 1933, $9,870,784; treasury (4,762 shares at $5 per share), Br$23,810; total, $41,375,304. 166, by It anty series A thereof payable and U. The public at $9.75 a share if 80% or more of the additional subscribed for by stockholders, otherwise at $9.50 a share purchased 41% of the series B stock. In addition to the 12,329 shares remaining the underwriters are to purchase 43,816 shares resented underwriting 89% each of JUNE 30, , Co.—Proposed Financing— underwriting group consisting Colo., and Boettcher and Co.- and The to for shares $90,482 1,272,920 - .. plan to finance extensive additional 318,230 $730,412 1,295.820 — a an purchased by the public Sept. 23 at (less . the to shares Is . Federal ' 84,400 * $0.31 outstanding share one stock •underwriters. the presently Co.-—Exchange of Stocks— Thompson, of preferred offer $408,712 $1.05 Stone Container 35,900 improvements to its electric generating and distributing system properties, to purchase additional bus passenger transportation equipment, and to refund its pres¬ ently outstanding serial notes, company proposes to issue and sell 29,810 shares of common stock and $1,600,000 of new serial notes, due semi-annually March 1, 1948 to Sept. 1, 1962. Company proposes capitaliza¬ new for contracts •—V. 1,865,940 of a part 388,716 $1,366,872 636,460 —u— paid— LIABILITIES—Accounts war 163. p. 112,670 1,372,001 share.. per provision 1946 82,900 share— per 166, $551,852 Cr245,576 equipment, stated principally at cost (less reserves of $10,306,856 for depreciation arid amortization), $7,166',915; patents, licenses and good¬ will, $1; total, $41,375,304. (less $579,060 profit Southern Colorado Power of l2>/2 cents per share was declared on the stock, payable Nov. 1 to stockholders of record Oct. 17, ... ...r' $2,851,543 — hand, $5,917,435; receivables (less of $660,199), $8,634,260; inventories, priced at lower of cost (first-in, first-out) or market (less reserve of $1,045,000 for possible future inventory-price declines), $15,078,246; investments and advances, $3,682,652; supplies and prepaid expenses, etc.,'$893,795; plant and $571,531 89,738 - 30,600 124,200 — shares of Earned —V. net 855 745 400,000 reserve holders of tion. V. No. dividend common These 29 Va 17. initial class A addition, a one-week interim dividend of two cents declared, covering the period from July 24 to Aug. 1, was Consolidated 1946 22,100,519 : operations profit for period The The 27'/a from dividends stock 1947 $922,505105,745 -—— Depreciation Subs.)—Earnings— CONSOLIDATED BALANCE SHEET, ASSETS—Cash in banks and on Co.—Earnings— ^ — —. Depletion Initial Dividends—New (& etc reserves, 130,996; capital stock Consolidated $1.94 preferred 1947 $615,407; South American Gold & Platinum 3,747 923 fAfter 1155. p. (net) for Federal and other income taxes Cash payable—secured $231,500; 5Va% cumulative preferred stock ($100 par), $1,760,400; preferred scrip—to be purchased and retired, $75; common stock ($10 par), $1,769,070; common scrip to be purchased and retired, $5; earned surplus, $3,490,839; total, $9,772,915.—V. 158, p. 897. 6 Months Ended June 30— outstanding, 1947 expenses Net to up (E.S.T.), Oct, 6, for $4,500,000 of equipment trust certificates dated Oct. 15, 1947, and to mature $300,000 annually from Oct. 1948, to Oct. 15, 1962. Bids will be received at office of Willkie, Owen, Farr, Gallagher & Walton/ 15 Broad Street, New York.—V. 166, p. 1056. — on items,. $44,712; provision for Federal' taxes Treasury tax notes), $587,200; long-term notes mortgage and assignment, $1,850,000; reserves, by be Container Corp. 16,950 $7.37 accrued 15, Seaboard Profit Other LIABILITIES—Accounts payable, $602,021;'dividends payable, $24,294; , noon to JUNE 30, shares $7,520,661 371 187 Adjust, of inventory, U. S. received be and $1.82 36,555,566 Earnings hand on $7,083,238 •3,763,248 $0.93 Depreciation 102,500 $3.93 3,747,923 $0.86 6 Months Ended June 30—• $167,106 : $3,588,990" •3,763,248'' Not stated- Sales, less returns, allowances and discounts— $40,178,296 $23,508,116 Cost of sales, selling and admin, expenses plus accrued interest, $82,800; accounts receivable (less reserves discount, bad debts, and returnable cores of $37,116), $1,242,094; accounts receivable, $1,420; inventories, $1,588,368"; ad¬ vances to and investment in wholly owned subsidiary—assigned as collateral on loan, $2,956,854; plant and equipment (less reserves for depreciation of $3,998,059), $3,205,582; unexpired insurance and de¬ ferred expense, $80,389; total, $9,772,915. < to share common $3,357,944 share. notes, Sept. 17 was $22,744,945, equal shares outstanding onWJiat date.— invitations per i •Average number of common dividend requirements.—V. 166, $269,606 176,907 outstanding... (. outstdg com. 11.865,433) 4,782,195] J Stewart-Warner Corp. $743,922 — shares Not stated Surplus for period Capital shares outstanding through present holders. shrs. tEarns. per Prov. profit and] for 1155. company _—— 1947—6 Mos.—1946 $66,447,482 $40,140,093 charges] Federal profit Com. $265,306 4,300 $1,181,122 437,200 bef. Net miscellaneous Seaboard Air Line RR.—Bids Asked— The taxes BALANCE SHEET, on 449,412 on is but all foreign income taxes& forgn. inc. txs.'.j 1946 115,873 income after 11 Subs.) —Earnings— 1947—3 Mos.- -1946 Fed. $5,090,987 4,825,681 $1,065,250 taxes ASSETS—Cash . the cancelation Fund. Profit Federal 1947 6,371,724 operations Federal will changes provide for splitting basis and the at of for $7,436,974 (net) in-, expenses underwriter . issued ' s mill income Earnings investment Provision for the changes announced, has been made through amend¬ of the Agreement of Association and Articles of Organization of " Fund, approved by holders of more than two-thirds of the shares outstanding. Since formation of the Fund in 1938 the shares have Other provisions - income Common ment been $902,165; (& Period End. June 30— Sales A corpora- the -discount from Federal direct Inc., has been this corporation Clark, increase no changes. sold value. asset Sterling Drug, Inc. stock¬ on (1259) investment excess sales Profit before .its Scudder capacity. by the Fund, the of of name in act borne adviser sell the to payable, and , of Profit shares. shares, heretofore investors, will hereafter be sold through an underwriter. to income sales Cost frequently are hardship undue any to necessary announced that also longer no work occasion, on find may $246,046; pi*ofits taxes (less U. S. Treasury $1,700,000),- $757,330; other accrued Federal, State and $325,887; acbrued payrolls and other accrued liabilities, of 6 Months Ended June 30— policy in the investment field of issuing and redeeming shares value, without fees or charges of any kind, has been adopted by this corporation, it was announced on Sept. 19. This new policy has been adopted because it appears to the management of asset misunderstood tax, Sorg Paper Co.—Earnings— A new net profits — for One— at excess owned local taxes, $599,250; provision for payment to employees' pension trust on account of past service, $185,000; capital stock issued (less 3,000 shares held in treasury), $2,982,000; consolidated surplus, $13,740,957; total, $19,492,589.—V. 166, p. 571. 2007. p. Dominion tax the company's Corp., representing on but do not include undistributed earnings Shoe Corp.—V. fully LIABILITIES—Accounts $3.16 received Canadian of assets and earnings year of stock CHRONICLE and 703,810 222,750 outstanding— common NOTE—The 51% net 881,487 iu-, refunds common FINANCIAL subsidiary, at equity in underlying as shown in subsidiary's books, $122,515; real estate, tools machinery, and equipment, at cost (less depreciation reserves of $5,903,017), $5,815,408; total, $19,492,589. 1946 $14,490,190 $12,187,093 taxes—.1 after Common 1947 In & for shares period —. outstanding.. Earnings, per, share.— —V. 165, p. 2804. $2,214,804 3,840,000 $1.58 1946 • $9,476,812 5,611,550 143,426 352,555 100,000 1,446,000 $3,569,569 2,880.000 $689,569 3,840.000 $0.93 -' • Called— CHRONICLE A 7 [Including Wholly-Owned Subsidiaries]' - 194*7 income1 from- operations-.- Gross Maintenance, repairs & general expenses Depreciation- -----——--— Taxes- (other than income)—! - 244,024 ■The directors #hare Dividend— the on Oct. With cents the is as declared a dividend of 25. cents perof record payable Ocb.( 15 to holders pkid on July 17, last, and compares 2 -V. Sept. on 23 stock, common. This each same Jan, on and April 1, 1946.- 166, Other . 994. p. ! - „ . —— Net . . taxes income Total • beginning of year at surplus surplus -Dividends tj „ losses capital * - $85,31! <•$147,354 non-recurring • ■ . 1946 1947 were " of $21,834. "* ' ■ - - "'After $9,448,376 $1.67 per ' 749,000 $0.68 $1,023,509 749,000 $1.47 749; 000 $1,27 $0.65 requirements.—V. preferred' dividend V\ 749,000' $521,805 shr. com. 1947—6 Mos.—1946* 1947—3 Mos.—1946 $543,628 shares-outstanding ""Earnings .1,076,798 $10,929,440 there 3099: period End. June 30— Com. 1,345,997 - - - - 165, .p. Net profit- after charges & taxes j $12,275,437 $ro;525'!74 ————— - • Victor Chemical Works—Earnings- 915,200, - $1,798,308 10,125,1508,726,865 ' • ' - $883; 100 598,100 . 1097, p. _ addition —V. $2,150)287 income V,-- )66, Inc.—Earnings— Its. Wholly-Owned -Subsidiaries) (Including <Tn 499;979 .• - $1,552,187 — Amount transf'd from res. for postwar conting. Earned 965/755- ... of Operating'loss, $1,383,087 $2,517,942 _! — rate 6 Months Ended' June- 30^— ■ • . income Net : 88,129 55,531. ; i $1,294,958 « interest an Universal' Laboratories, —___ > ' . Provision for Federal Film Corp.—To Call Stock-^ The company-on Sept. 30,.will draw for redemption on- NOV. 24,-1947} A total of 4 957 shares of prior preferred stock at. $100.86per share, tteing the redemption price of $100 per share plus accrued dividend #rom Sept. 15, 1947 to Nov.' 24; 1947). Books will be closed perma¬ shares.—V. 166, p. 1097, income ; with 217,757 $2,462,'411 ———! * Tptat income, Twentieth Century-Fox nently on all drawn inpome from operations. Net it 247,848'' \ 248,724 _______ Corp.—Delates 25-Cent $2,000,000 to $3,500,000. The Metropolitan. Life* Insurance Co!» ifc stated;, has agreed to lend-the-company-an additional- $1-.500,00©A subject to this approval. This loan would be repayable over 20: years* 1946 $5,816,476 4,055,914 — special meeting of the preferred stockholders will be held on Oct; approve an increase in the company's permissible funded' debt to from $7,156,480 4-,203;319 6 Months Ended June 30^- the outstanding 5% first mortgage' sinking fund bonds due Jiari. 2. 1959,, have been called for redemption on; Jan. 2, 1948, at 1Q0 mtid interest Payment wjll be made in Canadian funds at the Royal Bank of Canada in Toronto and Montreal;: Canada'. • ,. > of TOfcor Mqnday, September 29, 1947 V Union Tank Car Co.^—Earnings— -Bonds (Hamilton) Ltd. (Canada) Theatre Properties Alt' & FINANCIAL THE. COMMERCIAL (1260) *2 $1,169,823 166; 610. p; Udylite Corp. (& Subs.)—Earnings— royalties-,,,,,—-- from income 72,^24 _• , Earned Earned Belling, general, administrative expenses, etc.__ Itafcerest expense (less miscellaneous, income) — $1,218,450" $2,578,425 1,125,212 „ (est.) 568,000 190,000 ; provision for Federal income taxes Cr24,059 ,50,000 Provision for contingencies-: Deposits FiXed Net profit ©iVidendsCommon shares —-— — outstanding-!-common share— Burnings per $302,501 $831,389 '369,204 739,002 — Deferred 739,002 $0.41 $1.13 — Other sales Bet •Cost gen. &" admin, expenses— charges—net— Brov. for Fed. income taxes (est.) . Bet income 1947 $2,484,670 , 1,712,800 596,463 .2,126 66,805 Bahnings per 165, p. $3.87 V2 377,849. Gross In AND- addition, charges based taxes ©Dates income Burnings; per share! b6tE—Deprec. and deplet, above 166, p. 360,000 $531,469 $530,458 ' r . • _ • - - 742,710 641,003 $42,148,524 $28,944,057 $80,960,421 23.304,660 15,290,011 45,172,008 $57,001,285 5,367,968 . & depr. 284,375 5,252,727 575,000 1,075,000 depl". contingencies fox income taxes.; 11,016,262 2,072,609 ' ,2,394,659. 1,059,392 284,375s 568^750 4,312,821 10,408.771' , 568,750 Amortiz; Net Net profit- $4,992,963 4,686,270 $1,990,625 ' shares outstand— ' -4,666,270- —V, $0.38 >iln' ■■■ $0.72 j . . ASSETS—Cash' on hand": and in banks, $21,319,695; marketable (chiefly U. S. and Canadian Government bonds),- $2,330,597; accounts, notes and other receivables, * $18,684,843;. invenof crude and petroleum 'products (12,206,000 barrels), $17,596, ^securities Customer ♦ofies 1928 accruals; $12,627)774'; dividend Bayable, $1,166,567*;, interest payable, $57,292; accrued taxes, $4,157,410; insurance reserve, $1,267,803; reserve ' for-contingencies, $575,000; long-term debt, $40,000,000; preferred stock (250,000 shares cumula¬ tive $3.75, series A),..$24,500,000;.■ common-- stocK C4,666,270- shares outstanding), $116,656,750; premium on sale of common shares, $3,699,- *17; earned surplus,. $39,643,012; total, $244,350,725.—V. # Months Elided ■Profit after June 39^ 1947" charges-,.—— Federal 'income ;; 165, p. 1911, taxes -Earnings— 1946 " $4)010,818 1,546,911 w < 1946 1945 $714,694" $610; 125 598,240 L profit " $3,385,126- 1,303,336 1945 $3,604,499 2,885,719 $2,463)907 ; $2,079)790 $718,780 " Ctommon shares Burnings per Dn TOfllrements outstanding_______ common 936,566 on common 936,566 468,283 468,283 $2.63 share *'$2,16 *■$0.70 shares preferred stock r ; ' 4 $116,454' * 47,415 ;-'j- , ' I" 1 1 V" 'i jf j, 14- to 1946, was 5'[c) \ 7 V 37 authorized 2,729 < additional all able Nov. this on were 1 •• 60,833. 1,507' 20,950" '» 202 201 ■ . - , 20,980 1 ^ $48,054 ; $24,420 Notes—: been called 7% . for outstanding and after, dividend then outstanding.—V. 166, p. 96. n-, share in 217,637 Radiator the on 6% of Feb, on Sept. on stock 1, Corp.-—Preferred: Dividend— a record dividend May Oct. l and • from net of earnings 75 preferred"^sfcock,-: par '$50, "pay¬ 20. A similar Aug.*!; this payment was made year. No dividends 1946. outstanding Ore.—V. of Fir capital stock 166, of the dividend just declared, arrearages share.—V. 165, p. on 2552. Cot—Proposed' Retirement Plan special a meeting to V.' 165,'p. 2! will . ■ • - . ■ Financing for Expan,- B. Yates, President, on Sept. 19'told stockholders that de¬ wallpaper is expected' to continue high' for the next 12 however,; thht it • is'- improbable -that either sales or for He said, will the common Mr. ori. Nov. to adopt, as of Jan. 1, 1948', a retirement income 1, 1947, a group life Insurance and hospital and insurance plan for employees of the company.— 210T. William months. profits held of Dec, United Wallpaper, Inc.- -Private sion— when be proposals as be as large as company! reported share. Yates said . the . , .. in the fiscal a netr of $1,842,344,' 4 year June 30, 1947, equal' to'$1.46 per ended .. plant at Aurora- 111.,- originally~scheduled to $2,000,000, will probably involve an expenditure of $3,737,000. To- meet? the increased oosb and to maintain- necessary working capital; additional borrowings will be required, according to Mr, Yates, H6 new added'that while-open bank credit lines are' availkble it has been determined" that' additional' long-term financing will be more, satisfac¬ tory,. - approved a proposal to. increase the shares to 400.000 shares. Of 125,000 shares will be issued ih exchange p, « 250,000 9901 Manufacturing ' • Co. of ' • . , . . „ . . Corp.—International. Trading: Com* to Invest in New Industries in Foreign Countries— . crisis in now Europe restrictions arising, from and-other parts of :the world, will be- facing severe the World) Commerce Corp,, which was formed- in February name of British' American Canadian Corp.: World the Corp.., has J * . . between' countries, a .present* paid--in capital of - 1940. under Commerce! $!060,000- and-ha^ . * access' funds to achieve its objectives,^ according • to! Mr. Ryari * elected President of the enlarged' corporation!* ... V; interested in the" enterprise are the Atlas Corp.;. Robert Bdnsoh- & Co) of London; Glore;< Forgan & Co.! of New York and1 Chicago;, Hambros- Bank of London;, Ladenburg,-. Thalmann & Cbi of " New York; the Mellon interests1 of Pittsburgh; the Ryan Brothers * of/New York) and Traiisamerica Corp!; Also identified with^thef*'1 corporation are former-•; Secretary. • of State--Edward- R;' StettiriiUs» Major General William J. Donovan; former Ambassador to Japan;; v Joseph C. Grew; Sir William Stephenson- and E, W- Sickle, J. H; Gundry; Jambs- Y." Murdoch and-E. P) Taylor; of' Canada. Regarding the > operations of World Commerce Corp;, Mr. Ryanstated: ■ * '.I '/The firm has world-wide coverage, being presently represented in: ^ 47. countries of the globe and. through six partialiy-ownedf subhidiaries' in. Canada, Brazil, Mexico, Egypt, Panama and the Philippines/ the latter in course-, of organization. The firm also has controlling- and' management interest in Biddle-Sawyer Corp., an-international firm: « dealing in bulk chemicals and drugs with affiliates in England, India and the Argentine: ' T kiWorld'Commerce-Corp. currently is conducting: operations in Indus- " trial and manufactured products of United States and foreign origin' as well as international commodities. These activities are designed!, to create foreign exchange in sufficient sums to permit the continuous and uninterrupted-flow of products despite - the current difficulties in'foreign exchange payment facilities. : -• ^ '"The corporation also, serves as distributor and agent for a number additional who has been . stockholders: at benefit ^ 22 from 150,000 shares, Commerce the'economic $880,070" $1,030,960 $589,593' cumulative United States Tobacco surgical amounts were Canadian; and British- financial1, and- : to take speoific steps- in support of international trade, according to- an- announcement made September 23'by Frank T. Ryany" spokesman for the group.' /' )'The medium; of the group's efforts to stimulate the flow of com* merce $973,i85,s $1,430,530 " $1,698,060^ 383,592 ; 556,460' 668,000 preferred stock will amount to $24.75 per plan,, and declared, been Like Financially holders to has A grou" of leading American, business. tLterest'S'' has: organized - 1947—0 Mos.—1940 1947—3 Mos.—1946-' $558,450" Following distribution the per of, record Sept. 30, July 10, this year. Witeok Chemical Co:, N. Y. City—Acquisition— This compaiiy has purchased the 50% stock interest of the Phillips' Petrojeurir Cb: in Panhandle' Carbon Co., inc., Borger, Texas, -- and will market all of! the latter^ output; of channel carbon black;—V. 103; '* p. 949. ' ■' • pany ■\ notes dated Oct. 15, redemption on. Opt) ;25, made at the Irving; Trust second .mortgage taxes Slates issue paid the of Myrtle" Creek, ' 1,399 117 $340,813 share i 66,235 ' 17,080 The .directors: have-declbred per *' t' Osgood Co,r—Capital Increased—Acquisition' common the '$174,185 66;220' 1156S, p," United' ' Distribution— payable *' dls«f paid an initial of five cents on Sept. 25; - ^ payment of 12 cents on Dec. 27.—V.. 106, cents and company followed by a stockholders The 27,758 45,484 exp~ have profit cents $65,466; . & Fed;- inc. reserve, $1,304,800; common stock ($100earned surplus, $1,177,167; par), -rr. World the* outstanding 106, five the for $182,315 * 27,603 L* Period End,-June 30-^- —V:. of stockholders April. 10 on. 164. p. - 39,850 $01,399 at other in ' taxes- disct. & income Profit befpre 'texes. .i-'jState ($100 surplus, and marketable' securities $26,742; reserve, stock capital and taxes dividends " governmental *■ general) $513,373; 7 $330,232; accruals, and income - - I__;i„i bond of Federal payable 1947>, total, • for contingencies reserve replacment dividend- which $146,389 65,615 $148,781 — franchises of $3,593,760), /- reserves, 463)736 L ^ obsolescence • reserve'for preferred $3,225,800; !n 436,970 246 I and Wall. Street Investing Corp.—5-Cent Calendar Years cost Bet $2.93 1947 (amount at SHEET, JUNE 30: total, $7,220,013.—V. 166, p. 413.- * mand -United Biscuit Co,_of America (& Subs.) pat), bursed $538,336 deduction- ——1 for cehsider and $142,206; i at 100 and interest. Payment will be corporate, trustee, One Wall-St., New .YorkT Nt Y—V.s 162, p.• 1680. The payable 32.258 $4.31 marketable securities • iniientpry ) $344,300 58;210 shs. 49,790 shs.' A $101,365 A (extended Co., . LIABILITIES—Accounts $117,320 32,258 (less subsequent write-downs to June 30, charges and prepaid expenses, $18,583; LIABILITIES—Accounts 166,. p,» 1156. n 4,660,270' $1.73 _ $161,851 and intangible assets, Including goodwill—as valued processes charges, g411',393; , STATEMENT United States Asphalt Corp.—Calls 7% $3,806,117 $8,543,594 4)666,270 BALANCE SHEET, JUNE 30, 1947 , ( $1,02 BALANCE depreciation, amortization acquisition, dates $1,000.00,0; deferred to ii (^aniings per conn, share -Htfter pfd.- div. require. (less $872,603; at . INCOME income Net 5501000' 2,175; 000 350)000 nil Cam: ; ___— 8,409,901 575,000 f !_j) outstanding.,__,.__,-_ share ._.__!^!____ market uotation^, $1,402,2791,. $1,203,003; accounts receivable," $410,540; - in*vehtories, $1,931,839; other investments, $186,244; plant' and equipment ;• 30,577,646 5,650)833 * 11,122,039 *■ 1,235,831 70,000 58,210,shs. United States Finishing Co.—Earnings— state &. local taxes for , 58,2^0 shs. CONSOLIDATED income Alf of Brest paid tov. (par $1) profit interest Reserve : r • jiral expense -*— 40,269 Cr2,846 ./ common CONDENSED - 115,000 taxes income for period. per proceeds will be used to increase the company's — Depreciation Bdiing, admin* and gen- Pfov. r for 58,V10 shs. expenses..— _ 1947—3 Mos.—1947 1947—6 Mos.—1946 $42,027,005 $28,803,891 $80,217,711 $56,360;282 —4. 1 Federal payable,-$22,834; 100.006 shSi r income J *■* on income for shares FINANCING profit—non-operating Gross 1947 ^fotal 65,421 $224,744 $303,845 26,994 ASSETS—Cash, $1,597,201; V. B. of Outstanding $373,-100 . (par- $1) " , 31,860 $159,323 $243,217. — charges " 1 PRESENT . operating Other ! Cost of sales——- net revenues Total Operating $!85 140,166 TO ——— capita! Merchandise 1,271,437 _ 708,844 60,628 Net-income Oct. Total 121,519 1946 $900,026 1,254,278 30,675 $7,220,013, EFFECT stk, stock common Ambrtlzatibn sale of se¬ curities and properties - 1947 $1,528,170 — income Wheeler, $4.52 Union Oil Co. erf Cal.—Earnings— profit stock common July'31v'47 > 1,27!,437 ' $0.30 "J reserve Earnings _ ifpar $1)__ com. COMPARATIVE I Total 132,000 Ipiscounts, divs., int. & the 7 Mos. End. 135;532 $265,300 --"$208,642 Bales appliances,' $4,115,407 1,500,000 • Period End. June 30— B 1 ' : 860." ———' ' ! ' products Common - GIVING stock common working to "in- ' charged come of . lv 1964 April A PURPOSE—The 87,035 234.338 1,271,437 $1.10 \ $2.42 - share Application of inventory replacement reserve!)... public utility subsidiaries of the company operate under distribution systems-, furnishing the inhabitants thereof cooking, hot water heating, space heating, gas refrigerators CI., A- non-redeem. Glass T $2,347,935 1,271,437 Capital shares .'outstand. 100% owns other miscellaneous due $1,391',115 t $5,743,542 $3,071,601 Bet income •-V. - 3,759,000 79,000 * 195,000 Other gas for Class _ on —— 129,789 "$1.52 1947 sales and expenses Reserve Georgia Gas Co. gas $4,028,432 72,504 75,301 2.055,000 of Total Collateral Trust 4% sinking fund bonds 880,000 119,061 —^—. 1946 $1,983,359 652,015 30— Other income " other! in¬ and come Federal income taxes-*.- JUne charges' & taxes 803. Depreciation a" Authorized $2,425,416 $10,092",880 $5,440,662 2716. p,. Corp.—Earnings— Quarter Ended June 30— . company and , $1.17 $0.41 48,232' after 166, p. Sale various franchises, 223,287 - — . BUSINESS—Company; Pipeline Co., Vandaliai 111. The $2,377,184. $10,020,376 $5,407,721. 165, cents ' 174,366' $261,548 . 32,941 income Interest : share.; per Carolina Gas Co:, 12,216 1947—3 Mos.—1946 , 1947—6 Mos.—1946 $15,807,942 $11,125,976 $30,097,517 $20,637,760 8,686,625 7,152,751 18,617,750 13,586,353 C&st of products sold— ©eliv., sell., admin, and 3,459,391 3,022,975, 1,396,04! B®neral expenses,— 1,713,596 Operating profit 1946—V. $109,180 in or (The) Vulcan Detaining Co.—Earnings— Co., Chicago—Stock Offered— Cities Utilities CAPITALIZATION Other income $0.59 88 541,715 of. the public utility subsidiaries of the company are as foliows:" Hastings (Minn.) Gas Co., Central Wisconsin Gas Co., Southeastern Illinois Gas Co;, Tennessee Gas Co., Carolina Central Gas Co., South ; i — $196,028 to $5,418,182 —V. . ; 3060. Period End. June 30— amounted 2054. p. United Union Bag & Paper Corp.—EarningsBet sales Months' Ended 156,907 $0.42 against Earnings-'per #>mmon Ray T'. Haas; Chicago; recently offered 41,790 shares of class A non-redeemable common stock (par $1) at .1,889,534 $106,476 260,474 $66,322 share, — months six " $2;715,513 1947 ' vr-. r-— 540,755 . —— — 61,540 $100; 407 share the Operating, profit 1946 outstanding—'i—- 260,474 ; share-':—— $0.15 shares 1,974,298 371.236 ! $42,693,631 $40,514,622 163, outstanding common for 192,445 $94,103 222,739 Sales Net income stock ' Capital 576,289 360,498 — — Total 6 Months 40,036 sold—-—__i goods of Cither 82,373 385,443 Cost of -V. shares per income common 6 $698,104 987,920 513,482 Delaware corporation, is a public utility holding company with its principal executive offices at 22 West Monroe St...Chicago. Company, operating-through. 100'/o owned subsidiaries,-furnishes gas services to various communities; The names $1,506,749 1-,055,763 344;036 592 Celling, : . 57,676 Victor Products (1,200,OOo shares, no par)—'—' 30,000:000' 30,000,000 Earned surplus — 10,929,440 -9,448,375 Reacquired capital stock (123,203 shares) —_ Dr2,996,947 Dr'2,986,923 Capital (& Subs.)- -Earnings— —— per - 3 Months " * " $1,772,195 — contingencies $354,392: 200,4'45 __ taxes income Net 74,823 61,450" „ — annuities-— for reserves* COMPANY " ' Earnings 1 Net $42,693,631' $40,514,622 — other taxes for Reserve ; #. 36. Period Ended June 30— Common 20,008,310 '1 - income taxes (net) Receives for postwar maturing within one year, #140 000; accounts payable—trade, $742,033; dividend- payable on jTttly'15, 1947, $184,750;„ accrued payroll, $276,002; accrued expenses «nd miscellaneous accounts payable, $189,816; accrued officers' com¬ pensation $37,000; Federal taxes on income—estimated, $1,178,767; panic loan—installments maturing after one year, $490,000; unearned Jdyalty, $12,723; reserve for contingencies, $250,000; capital stock <*l;)par), $739,827; capital surplus, $329,277; earned surplus, $2,934,-V. 166, T»3; treasury shares (825 at cost), Dr$15; total, $7,504,883.—" 1cc Unexcelled Chemical Corp; —: 604,742 $352,225 expenses. ' * payable Reserves . loan—installments _L LIABILITIES' less " 1,361,625 202,512 !•— - Reserve for Fed. 5and' $141,906 amortization), $65,095; deferred charges, $37,850; totaj, $159 642; patents, patent applications, research and development LIABILITIES—Bank 1,361,625 175,490 bonds) chaises .Accounts - . #7,504,883. 3,174,873 — $959,134 564,727 . Federal income 22,558,170 subsid Total BALANCE CONSOLIDATED profit Operating 2,706,686 2,341,053 ' SHEET, JUNE 30, 1947 ASSETS—Cash, $1,399,040; accounts receivable (less reserve for doubtful accounts, $112,028), $2,278:260," inventories, $1,956,902; other assets—estimated renegotiation rebates; $10,040; buildings, machinery #nd equipment (less reserve for depreciation, $514,362), $1,598,054; -V. Gross 9,870,532 !_) (at cost)— — 1946 1947 $916,952 ' „ sold goods 1946 $3,949,077 of 2,929,098 S. Government (net.)- (U. assets Cost 7,746,853 will, patents, etc.- Good " 1947 — 1 non-consol. in " 30 Victor Equipment Co:—Earnings— Quarter Ended June 30— Net sales $4,686,070' " . . hand——. r.eceivahlei and supplies i Investment . • JUNE SHEET, BALANCE securities— Government Material $1.99 :—: CONSOLIDATED banks1 and'on in S. Accounts 750,008 3,824 . 30i capital share ASSETS— J Cash U, Total surplus June per ; $1,204,797' .13,653 $2,505,801 profit Gross Bet 9,221,364. 9,221,364' sold goods 1946 $6,510,185 5,305;388 returns and allowances— $11,727,165 less discounts, of 1947 Ended June 30— 6 Months dales Cost ■„ . • . of well-known fundamental rehabilitation identified American manufacturers policy of World Commerce and with a recovery number efforts of 01' is in foreign' to assist in foreign overseas territories; producers of as on page 50) A It is actively the » distributor foregn products and commodities in* the markets of the Hemisphere. , • * •, '"A further aspect of the corporation^ activities is to help (Continued: ' stimulating the industry.: : Western • promoteja Volume 166 Number 4633 COMMERCIAL & FINANCIAL CHRONICLE THE Stock Record New York Stock «» DULY RANGE OF PRICES LOW AND Monday Sept. 30 Sept. 23 I per share 76% 8 17% *7% 17 17% 37 37% 7% 20% •98 ♦20% ♦98 3% 3% 36% 37% •64 3% •95 20% 32% "32% 34 .-34%. •99% 33 100%. * 71 11% 100 23% Industries 2,500 Allied Chemical 100 Allied Allied Mills 700 - 32% 32% 33% 32% 33% 3,900 *99% 100% 99 % 99% *99% 100% 100 37% 38% 38' 38% 38% 11,700 98% 98% 98'A 97% 98 30 30% 30% 31 30 30 *6% 6 % *78% 79% 77% 78% 77% 78% 48% 47% 48 47 47% 47% 47% 8% 8% 8% 8% 14,000 66% 66% 1,400 21% 4,100 70% 30 68% 22 22%" *69 ♦11% 40 *5 84% 46 ♦68 12% ♦11% *102 5 105 104 23% 23% 108% •106% 23% *23% 51 109 82% 82% 340 44 % ♦101 23% Amer *107% 109 Mar Brake Corp Shoe Co & 7% ♦107% 109 10 50 % 51 1,900 American 200 American 51 50% 50 % 50 50'A 21 •20% 21 19% 20% ♦19% 20 preferred— Chicle (new)—. Colortype Co_ Crystal Sugar prior preferred-. 20% *20%. 20% •20'A 20% 20% 20'A ♦20% 20% 98% 98% ♦98% 99 •98% 99 98 98% 98% 98 % 80 45% 46 % 45% 45% 44 44% 5,300 2,100 1,400 American 114% 114% 113% 32 46% 45 114 30% 45% 113% 44% 113% 30% 31% ' % 30% 113 112%' 113 113% 29% :30% 4%% -100 4% 4% 4% 14% 14% ♦14% 17 ♦16% 4% . 14 17% •17 16% 4% 4 15 *14% 17 17 15% 3ya 17% 17 —10 _10 com 100 10 100 Distilling Co— L20 92 92 16 16% *16 16% 16 16% 16% 16% 85 ♦81% 38'% 38% 7% 7% 7% 54% . 24 23% 7% 102 •100 *54 54% 23% 7% *7% *98 12% •i2ya 14 •i3y2 21% 20% 21% •110% 112% 12% 112 112 LOW Saturday Monday Sept. 20 Sept. 22 . $ per share 24'A ♦10% 5,800 American Home 7% 500 American Ice *12 14 21 20% 113% 112 *24 24% 99 97% 9 29 *31 99% 99'A 13% 32% 32 . 103% 10% 10% *16% 17 10% *16% - 13% *180 31% 104 31% 105 ♦lOVa 17 99% 13% 185 3iya 104 Yz 10% 108% 100 13% *180 32% 31 10% 109 99 13% 182 31% 104 10% 99% 13% 182 *10% 31 10% 109 „ *140 loya 30% 11 109 99 13% 182 ♦178 32 10% 109 143 •10% 104 11 *16% 10% 17 ♦161/a $ per share 24% 24% 98 *97 9 142 *139 10% 31 142 10% 100 31% 104 10% ( 31V4 99% 7,100 103% 10% 10% 1,600 17 *16V2 39 38 39 37% 39 60% 61 Va 59% 65% 59% 59% 166 Va 167% 148 167% 167 34% *146 167 *33% 148 ♦146 34% 34 148 , *146 28% 29 *28% 29 28% 25 25 *24% 25 *24% 25% ♦23 23% *23 23% *23 23'/a 43 43% *133 136 133 55% 55 158% 42 Va 159% 72 ' ♦55% 158% 72 72 43 43 133 *129 56 159% 158% 72% 73% 157% 156 156% 51% 50 50 Va 49% •117% 15% •100% 119% 73% 119% *118% 15% 72% 15% 103 ♦100% 45% 44% •100 103 ♦89 43% 94 6% 100 90% 6% ♦65 6% 70' *64 103 45% 100 90 Vt 6% 72Va 72'% 155 49% 119 49*A 119 16 15% 103- 134%. 56V4 159 72J/a .49'A 119 16 103 *100% 102y« 92 *88% 6% 6% *64 *129 91 6% 67 49 15'A 19,800 44% 15,700 101% 6% 800 68% 60% 34% 34% 63 y4 34% 60% 63 60% 62 60y4 61% 17%' 17% •11%.' 12% 4% 36% " 4% 36.% For footnotes see page 23. 42% 42% 110% 51% •50 17% 17%' /•, •17% 17% 12% i2%, 12 Ye 12 y8 37 37 , 42% •109y8 42Va *42y4 110% 108% 42%;.; 109%;■ 4% 51% •4 • • 37% Apr 23 9% May 17 May 19 18% May 19 14% Aug 15 30% Feb 10 116 Jan 0 4 1,100 51Va 53% 900 17% 17>/a 2,200 *10% 12 , *10% 12 4% :• 4'A i \ r4 4 i, 37%~~38,'ml!1 -37*%, 37% 200 -51% 17% - 18% Jun 10 94% Apr 19 9 Sep 25 x25% May 19 134 Jan 9 10% Jun 30 28'/a May 27 9% May 19 100% May 19 90 May 19 11% May 19 176 Jan 21 24% May 19 99 May 21 9% Aug 25 100 Am V Lowest, 28% Sep 101 2 Jan 3 July 17 14% Feb - American Conv Elec Woolen Oct 24 Sep loye Sep 129'/a Feb 21 97% Jan 117% Feb Smelt & Cable 60 21 88% Jan Feb 7 Jun 25 12% Nov 1173% Nov 37% Feb 7 27 y4 Jan 109 ya Feb 24 95 y4 42% Aug Feb 166% July 17 183 16% Feb 10 64% July 28 123% Aug 23 Feb 186 Feb 14% Dec 19 Sep 20 33 ... 12 Aug 33% Feb Sep 45% Sep Apr 73% Jan 191 Apr 80% Feb 172 Apr 10% 43 Sep 34 May 17 May 19 May 20 38 % Oct No par com—1 25 50 :_No par No par Clayton Anderson-Prichard & Co Oil Corp Mining A 2,900 Archer-Daniels-Midland Co Inc July 22% Jun 133% Aug 24 common—No par & Jun 17% July Apr 34% 16% Feb 25% Deo -No par preferred Copper 11 39% Feb 24 163 27% Nov 100 P W Products 133% Deo 7 29% Jan Anchor Hock Glass Corp com—12.50 Andes Jun' 28% July 24 com—No par prior preference Anderson, 43% Oct Jun -100 $5 prior conv preferred Anaconda Copper Mining— $4 Jun 23% 21 25 preferred Anaconda Wire 25 y4 6 -—100 j. Zinc Lead 106% 8 25 common Preferred Amer 45% Mar Nov 12% Nov 32% July 17 147 * per share Oct 98 15 15% Feb 21% Feb i-100 B— Jan May Highest $ per share Jan 40 — Jun Jun 119 37 116 & Sep 158 —,—100 Wks 16% 18% 44% No par Tobacco 1st Jan Nov 18% Mar 118 May No par preferred Wtr 12% Jan €3 18% Apr 18 25% May 19 23% Jun 10 American Viscose Corp common—14 5% 27 144 . class May 88% Jan 172 Sumatra Tobacco—No par preferred 118 May 14 May 19 Foundries—No par American Tel & Tel Co— 6% Jun 48% May 19 preferred 1,100 - . $ per share 33 Sugar Refg common—100 Common 129y« May 44% Apr Year 1946 $ per share 159 Preferred American Oct 111 Highest 25 Co July , 28% Aug 14% Jan Sep 31% Deo 8% Sep 89% Jan 9% Sep 11% Mar 22% Nov 12% Jan 31 12 —100 Steel American 300 17% „/.4»A < 43 108% *50 „ *42% 12,700 7,330 108% - 36% 10 10% Jan 24 106% Mar 7 90 common — Snuff non-cum American 200 6% *66 61% *50% 27- *34 Vi Jan May 16 110% Jun Jun 4 300 59 •109% 55 24 $6 43% 34% 5 Seating Co No par Ship Building Co No par & Refg common—No par Stores 101% 35 52% Jan- 16- Oct 17% Nov 5% Oct 18 22% Feb 40 92 —100 ; Smelt Preferred 76 11% Feb 23% Jun BO Sep 37% Sep5% Oct 44% Oct 8% July 227/8 July 30 6 > 42% Apr 39% Feb 101% *87% preferred Stove 2,700 15% 100 com——10 Safety Razor Jun ' Sep 13% , 25% Feb Sep 16 July 29 15'A May 20 330 49% 34% 42% 5% 100 34 Am 200 119 Mill Feb 34% Apr 32% Jan 41% Nov 8 Amer 4,800 *100% conv American 72% 35% 110% 4%% American No par — American 600 700 155 No par com — Rolling American 72 72 34% 41% American American 7,400 3,500 35% 52 49 Jan Range for Previous .-No par 100 157% 157% *117% Preferred 40% 108 7 Lowest ——No par Light 72% M 132% Mar 160 Range Since January 1 Co—,——.1 : Co & 300 " 56 34% ♦109% 1 preferred 6% 134% 55% 72'A 44% 67 42 153% 101% 6% July 28'. Jan 6ii 6% Feb 5% May 19 100 $5 1,200 24 42 73 43% •64 *23 155 *100% 44% •89 70 157% 156 44 y9 •100 13 STOCK Amer Rad & St San'y com 150 24% 23^2 *55% 72% 155 119% 16% 16 *100% 72% 48 3% May 19 1 No par preferred—————No par 700 29V4 24% 44 News Power Oct 17% Oct 20'/a Sep 97% Dec 101% Feb $6 148 *28% 25% *130 159 Va 990 34% 23Va 72 73% *146 American Amer 17y« Feb 106% Jan 210% Mar • 48% July 28 117 81 100 Molasses Oct Nov Mar 12 37 common—_1 Machine & Metals Jan 64% Apr Sep *137 104% Sep 115% Jan —100 preferred— American 30 May 21% Nov 4 Feb American - 6,300 166 29% *42 55% 72 148 165% *34 29V4 135% 55!A 34% *24% - • 43 156% 51 29 Sep. 9 112% Sep 26 25% May 19 88% Jun 96% 7 24 89% Sep 11 14% May 19 American Metals Co Ltd com_No par 6% preferred— a -——100 260 17 39 . Amer 10 31% 103% 62% 34 26% Feb 44 EXCHANGE 1,700 15,400 38% 167 102 74% Deo 49% Jun 5 6% Feb 1 preferred NEW YORK 2,000 185 38% •146 - 8,500 13% 13V4 *180 800 10% 109 99 Va 13% 185 200 31 10% 108% 50 10% 31 t<- 107/a 109 500 500 1,000 60% ' 19 Sep 5 xl9% Sep 12 95% Jan 22 Aug Jun Apr > 42 • 17% July 28 Amer Mach & Fdy Co com—No par 3.90% cum preferred— 100 9% 62% 34% 56 63% 19% Nov Dec 1 20% July 15 3,200 28% 28% 38% 167 15 Par 98% *9 29% 61% *34 10 6 July 62% May Oct 8 28% Feb 110 Feb 6 Shares 24% 38 •164 04 Va Feb 115% Jan 21 No par American International Corp American Invest Co of 111 Sales for f per share 24% ♦140 21 Sep 39% May 12% Apr 75 Apr 91% May Jan 106 Oct 79 21 49 Oct Nov Nov 184 12* 36 18 6% 44 5% 8 Mar 94 May May 20% May 105% July 96% Nov Sep 129 STOCKS $ per share *98 3 15 99 Nov 39 72% Oct 12% Nov-. 36 V* Oct 5 Feb 133% Jan 17 9' 50 American. Locomotive 7% Jun 10 Products non-cum the Week 9% S 6% 200 Friday 29% 11% 113% *112 3,500 Sept. 20 9% 109 112 600 14 21% Sept. 26 29% 31% 10% 12 12 Thursday Sept. 24 10% 12% 100 50 .May 19 10 common— PRICES Wednesday 143 102 **13% 20% 9% 10% •98% *13% 29% 143 102 . - 63% May 67% Nov 25%. Oct 7 7 Jun com preferred 23% 12% 99 conv 1% 14 SALE 6%, May 19 Jan Sep Nov > 9 - Mar 26 Jan 77% Jan 17% Feb' 2% Jun Co Hide & Leather 23% 9'/a 10 '/a 31 Va 108 % 104 HIGH American 100 80 31 29% 64% Sep 37% Nov 11 11 9 - ; 9 11% Apr Aug Jun Deo 25 99% Sep 3 Jan 23 8% Feb 3 35 16 July 26 212 % 18% 29% 31% 99% 30% 91% 105% July 28 39% Feb 10 No par $6' preferred American Hawaiian SS 1,700 56 8 16% Sep No par 1,000 7% 29% 143 ♦52 • 23% 9% •140 56 100 . 7 39% Mar 61% May 113 Oct 164 7 35% Feb "/a May 19 65%-Sep par _No par 7% *100 29'/a ♦9 29 Va 7% 21 24'A ♦97% 38% 7% preferred $7 2nd preferred A ; July 24 Jan Jan m' Foreign Power com—No 23'/a 7% •111 Tuesday Sept. 23 24 99 83 ♦38% 8 20% $ per share 24% •97% *80% 38% 2,100 $7 91% Oct 17% Oct 17 Jan 69y« Jan 82 S Amer & 300 85 *13% 14 AND *54 100 •12 12% 38% *7% 23% 7% 100 21% - 56 23% 7% 102 •13% CLOSED *81% 38% 7% 56 23% . 85 38'/a • 2,100 92 ♦81 » 3,500 3% 92 7% ^ .T American Encaustic Tiling 1 American European Secur—No par American Export Lines Inc 40 600 ; 17 3 93 38% •54 EXCHANGE 3% ♦91% 7% STOCK 3 93 82 82 •38 : 3% 93 16% 16% I per share 3 96 *93 400 15% " 3 3 Va 4% ♦14% < 3 * /. *% ' 4% . 38 12 Mar 8% Oct 18 July 24 Sep 3 No par iF' •4% 14 52% Oct 7% Feb Cyanamid Co com preferred series A— 3%% 2 196% Sep American , 29% 3% May 19 100 conv 20% SOVi Dec 3% Oct 8 82% Sep 23 184% Mar 21 Inc_—No par American 500 50% 5r/o 4 Feb 20%,May 19 67 July 15 100 preferred--- Cable" 12% Feb 61% May 103 Aug ;_1 ; non-cum Nov —25 common Chain & Sep 25 90 36 American Car & Fdry com—No par Amer 5 2 50 *125 Preferred 300 8 Apr 100 Radio Corp.; 135 51 com—No par . Oct 7 ;_1 preferred Nov 22% Feb 8% May 19 10 26% Feb 59% Apr 33 104 34% May 16 50 Bosch American. Can • 1,600 , 23% Jan 73 Bank Note common Amer Cable 1,500 102 23% 46 Jan 1 196 26 —50 preferred American 2,200 189 % 44 *20% 21% 6% Jun Jun 41% 6 Apr 24% Sep 24% May 19 5 68% 18 104 18 No par Chemical_No par Agricultural American 8,300 18'8 91 Jan 24%. Sep 8% Dec 66% Sep 48% Feb May 20 May 17 1 00m 44% 0% Feo 30% May 19 No par Inc preferred Petroleum Corp 5%% 45 Co Feb 10 Feb 44 13 99% Feb 24% 102% Aug 11 29 y4 May 17 30 Jan 16 American Airlines common ;_1 v 3 % % cum conv preferred—_100 1,300 5% No par convertible Amer 127 5 82% 23% 109 •107% 39% Leather Amerada 100 102 102 23% ' 39% 190% 44% 104 " 21% 108% 189 45% 6% . Inc Febi May Oct 6% Feb May 19 18 *60 13% 31% Jan July 2 15% May 19 164 Dec May 19 3 10% Feb 93 ^5 91 169 Nov 30% Feb. July 25 38% Feb 112 8 Jan 32 100 preferred—.- Amalgam 900 . 12 ♦125li ' 5% 82% 191 44% ♦11% 39% 127 4% 83 189 45 39% '125^ ♦68 12 1,100 51 21% 70 40 82% 189 44% 22 21% 127 M25J. 84 189 103% 70% 39% 5% 82% 192 22% •11% 127 68 70% 39% •125}J 67 *21% ' 12% 39% 127 68 6% ♦49 51 8% 8% 68 72 *50 *6% par No par Alpha Portland Cement 1,800 87/a 6 % 56 100 Allis-Chalmers Mfg common__No par 3%% cum conv preferred 100 1,100 1,800 *49% 68 5 4% 19 2% May 19 25% May 19 1 Dye Jan 8 38% Aug 21 92 1 7 16 $ per share 61% Apr 105% Oct July 28 27 100 ——- Co 4 loo Inc_'_— & 55 18% May 19 Allied Stores Corp common___No par - 98 10 7 lu%.Rao Highest $ per share 17% Sep 55 Jan __5 Kid, Co 32% . Mining 110 15 Aug 27 Apr 14 104 preferred-No par conv Allen 32% 38 prior 3,700 185 32 % •32 Gold common Allegheny Ludlum Steel Corp_No Alleg & West Ry 6% gtd„ 20 24% 184% 80 •39% 51 *95 24." 4,900 51 •1251* •21 100 185% $2.50 33% 8% 22% 103% 67 33 —100 4%% preferred-.—... Allegheny Corp common 5%% preferred A 32% 6% • 45% ♦95 184 8,400 7,000 48% 68 83% 3% ♦64 33% x237/a Inc 79%' 9 190% 95 24 186 Juneau Aldens 33% '31 •49% '47% 5 67 33% Alaska 3% 37 May 30% May 6 May 27% Sep No par &Vicksburg Ry 4 38 1 Reduction Inc— 1,800 : 6% 51 80% 11% 33% Air Corp—- 1,000 20% 33% 6% 51 71 3% 37% Admiral 99 33% 97% 22% 3% 37 ♦64 1 38% ♦97 20 % 97% 67% 4% 20 99 *19% 30 8% 21 10 Alabama 20'A 30 47% 4% *20% Co Jun 87% Jan 6% May 21 43% Apr 19 13 % May 19 Corp —. No par Addressograph-Multigraph Corp—lo 12,700 ♦19% 98% •79% 29 2.50 Adams Express 105 20% •97% •50 28% ♦102 4% ♦97% 3% 95 37% , 29 105 4% 90 Co Year 1946 Lowest $ per share 66% May 20 No par Straus Motors Steel No par com Range for Previous Range Since January 1 Lowest Highest $ per share Adams-Mlllis 1,200 1,200 7% 20% 37 6% 7 Acme 500 20%: 37% 6% 28% *102 67 23% 37% 29 36% 36% 186 34% 100% , *99% 36% 7 20% 33% 24 *20%. *32 ' • - 37 7 3% 186% 4,900, 17 50 <fc ACF-Brill 1,100 900 16% ♦36% Abbott Laboratories Abraham 7% 55 48% 36% 98 23% 186% 7% 55 99 ♦64 34 *95 24 187 ♦19% 3% 77/a 55 17% 47/a 20 67 33% 100 23% STOCK Par 1,400 51% 105 *97% 36% ' 76 17 *4% 99% *64 .34% 187 , 36% 67 34% YORK EXCHANGE 105 51% 29 •102 4% 21 7% *54% 7 27% 105 4% 75 *85 105 51% 36% 7 28% •102 4% 20% 99% - NEW Shares 17% - 36% 7% 27% 28 Vi 105 4% 7% *50 7% 28 y8 Sales for the Week $ per share 76% *85 55 17 51 »/2 76% 105 ♦53% 36% ♦102 (■ 8 54% •50 7%' CLOSED 7% 54% t per share 76% ♦85 17% 36 STOCK 76 105 51% , STOCKS Friday Sept. 26 Thursday Sept. 25 $ per share 76% •90 54'A •50 PRICES Wednesday Sept. 24 share 76 76% 8 EXCHANGE S per 105 54 SALE Exchange . $ per share •90 HIGH Tuesday Sept. 23 13 WEEKLY VOLUME OF TRUING FOR EVERY LISTED ISSUE YEARLY RANGE OF SALE PRICES Saturday (1261)' 21% 149% Jun 62 Apr 15 19 Mar 5 7 Jan 2 146% Feb 24 x45 62 Aug 20 174% Feb 4 82% Feb 5 84% Feb 5 Apr 17 163% July 23 41J/a May 17 116% Jan 9 120% Aug 12 12 May 19 xl00% Sep 18 26% Jan 16 90 May 23 68'/a Jun 5 5% May 19 May 2 30"% May 19 62 45% Jan 15 40% Sep 12 108% Sep 26 46% Jan 16 14% Apr 20 12 —5 19 61% Apr 151 10 Noon 3 40 July 17 58% Jan 3 18% Feb 8 106y8Jan 30 165 Oct 34% Deo 160 Jan 138 47% Sep Jan 67% Apr 159% Nov >00% Jun 73 Oct 76% Oct 150 July 48% Oct 78 121 May 116% Sep 13% Oct 50% Feb 13 110y4 Feb 103% Feb 13 100% 87% Feb 70% Jun Deo 182% Jun Deo 108% Nov 10% Jan 6 7 Sep 18% 69% Apr 1 04 Deo 42 5 35 Oct May Feb 60% Jan 82% May Mar 41 Sep 4 38 Sep 111% Mar 10 108 Deo 63% Sep 61 Jan 58% July 23 7 43% Jan 15% Oct Sep 15 16 Sep- 3% Jun 17 29 Jun 28% Jun 110% 20% July 24 Apr 100% May 174 15 30 99% May • Sep 102% Sep 29% Jan 13 Feb May 38% July •8y« Feb 188 Apr Jan 29 13% 6% Feb 21 4% 89 Feb 17 NOV 26% Mar Jan •0 81% Xll4% Mar x€4% July 27% May 24% Feb 10% Feb *1% Dee :r Monday, September 29,. ' ' Saturday Sept. 20 $ f per share 47% 14% 14 14 *14 12% *12%.. 14% 143/4 *110 113 110 111 *111 112 130 6% 113 113 *110 113 110% 112 113 113 110 7% 2d 33% 33V4 82% 80% 8P/4, 14% 102% 102% 101%. 102 200 •81% 5,000 1023/4 14% 51 50 'A 1,100 51 52 50 51 50 26%, 28 26 *20 26%; *26 263/4 *71% 74. *71 %. 74 *71% 74 327a 34 323/4 *112%, 114 112% 74 *71% 33% 34 113% 113% 117 117%, *20 20 21 21% 21% 20 21% 4% 20 29 1,200 200 800 Autocar *21% 21%. 21 21% 800 4% 41%. 40% 40% 143,4 14% 143% *14%, 16,200 4% 41% 14% 5 4% 53/8 > 400 14% ♦14% 17% 17%, 16%. 12% 13% 12% 19% \ 14%. 19% 18% 17% 16% 17%. 10% 16% 16% 13%, 13%. 12% 13- 12% 13 19% ■ 19% 18% 191/4 13% 183/4 *13 13 13 *13- 13% *13 13% 68 67% *64 66 *65 60 48 48 43 48 *47 47%. 50% 50% 29 48 - 30O 49 *23% 24',% *23% 50 ♦50 51% *50 51'% 29 Vb .. 28% 200 4V2V0' 51% 30 28 S/8 28% ,7,300 Bath 12%' 13% 12% 12% 13 13% 13 y4 13% "3,900 21% 21 Vz- 21% 21% 21% 21% 21% 1,700 46 45% 453/4 600 102 100% 46% 48% *105% 31% 15 12% 22% 19 :106 8 34% 31% 31% 100 33%% 19 200 50 I 15% 15 12% 1,700 Bell Aircraft 21% 800 Bell & 1051/4 *105 106 y2 200 301/4 30 4 %7f Co 2,700 18% 18% 3,600 ,233/4 July of Amer—^5 xl7% May 13 273/4 Jan 27; 15%, Oct 4%'May 19 73/8 Feb 1 39 25 Ya 1,600 Beneficial *95 97 Cum 97 28 34 29% 28% 28% 28 28 % 28 28 y4 4,600 £7% 86 87% 86% 86% 85% 86 V* 4,500 Bethlehem Steel 140 % 140% 139% 3 139% *139 3/a 140 ya ) 500 53%-. 56 y2 56% : 500 54% ; 54% 55% 55 15% 15% m%. 15% *15 15% 15% 15% ♦29% 30 % 29% 29% *29% 30.% ♦29 V. 301% 29 y4 293/4 200 15% 15% 15 15% 14-% 13 % 151/4 143/4. 143/4 2.300 Blaw-Knox Bliss 29% 30 28% 29%- 54 54 54 54 15 ; *15 17%. Nov 163/s Feb 11 Oct 30% 11 Ya May 17 25%, Feb 18%. Oct 47% 9% May 19 16%. Feb 12%, Oct 30 66 29% 54 29% 29% 29 29% 3,300 54 *28% 54 54% 54% 54% 2,200 *14% ♦15% 16%, 15%. 15% *37 38 36% 36Vs 20 18% 20 19 y8 19% 37 37 37% 37 y4 37% 99% 99% 90% ♦52% 54% 52% 27%. 28% 28 42 42 % 69 16 50 Feb 27 54 % Jan 20% Apr 15 30 'E $2.25 Bliss 600 *13 15% *36 37% 36 36 20ya 19% 19% 4.600 Boeing 37 3/a 1,700 Bohn 19% 15% , 42% 96% 96% 52 % , *96% *51 *37 52% 37% *37 *51 Bon 110 961% 95 52% 96% 95 *51 52 % 10 28%: 23' 28 271/4 273/4 27 273/8 42% 42% 42 421/s 42 42% Class '2,300 42%. Ami 3,700 Co class 8' 18% Feb 7 21%, Oct 24 Va Jan 2 46%, Sep 73 110 % Jan 31 7 15 111 Nov 1183/4 July 2 17 104 Feb 110 11 Nov 22 203/4 Aug 19 108 V* Feb „ 104 Jun 12 Jan 50 31 Vz May 16 40 Feb 30% Jun 17% Feb 12% May 16 10%.May21 ,_10 16 3% May 19 5 6 2 7 39'% Feb 7 ' j : 51 50 *iod 51%, 50% 51 y4 51% *100%. ioi %• 100% 100 VB ♦99% 50%. %, 101% *3%. *3% % 4% 38% 35% *34% : 8% 8 Vz 4% 8% 90% *83 Inc 33% 37 . 31% 27% 27% 37 37% 06%, Dec 29%, Nov 22 22 99 J?'eo % 150 Jan 66 Feb 3 18% Jan 23 19 21 19 19 26 36 Jan x20%,Feb . 54% Sep 29% *104% *104% I,400 90% *83 13 % 13% 13% 3,500 317/a 32 3/4 27.% 26% 27 900 37 37 1,900 *106 108 37 108 363/4 106% . 20 1 29% *104% 371/4 108 17% 105 18% 18% 18.3/8 8,200 *29% 30% *29% 30% 700 105 :!/4 160 105 lOn *104 22 % > i t x :■* 22% 22 22 21% 21i% 21% 21% 21% 21% 18% 19 18%. 19%, 183/s 19% 18% 19% 18% 19 »/8 122% *122 122 122 10% i 11% 10% 78 78 77. 34% ♦98 34% * 11%' 10% 77 *76% 34% *33% 100 122 *121% 11%: *33% *98 99%. 122 ! \ 10% 79 761/4 34% 33% 100 *97 *97 122 11% *122 75 y4 8,200 76 230 33% *33 34 300 99 *95 99 76% 17% 17% 17% 17% 17% 1T% *17% 17% 17% 173/2 31% 30% 31% •30% 3iy4 30% 303/4 30% 30% 1,400 18%. 19% 18% 19%, 19< 19- 191/4 19 19.3/4 10,500 98% 98 % 98% 98% 40 ♦97% • 18%. *973/4 *973/4 98% 90% 98% ♦97% 90% *90 88 *87 800 95 88 preferred - CO'— Forge Niag El Corp $3.60 Pfd Co Watch Bulova *87-' 89 89' 89 *87%. 90 88 88 13% 13% 13%, 13 y8 133/a 13 133/a II,800 Burroughs Adding 8%- 8% 8%, 7% 81/8 8 83/4 ,7,700 Bush 13% 13% 7% 7% 82% 13% 82%, 14% 101 *100 3% *17% 102 13% 8 *80%. 19 13%, 14 13% 3% 18 *102' 25 *102 25% 131%. *100 82% 13%, 101! *80 y2 13% *99 81% 13.3/4 3,100 33/4 400 17% *i7y4, 17%. 500 24% IO21/4 24%. 103 103 24% 50 25 Term - 900 ——1— 1 preferred—100 10 —100 —5 No par —100 No par Co—^ Jun 14 3' Bep 34 Nov 18 Dec 42 Oct 8 101 Sep 67 Jan 9 52 Oct Sep Jan Sep May Jan May 7 27% Nov 493/8 Jan 9 42% Sep 52 % Sep 25 30 Nov Sep 10 09 Dec 6Va Feb 3 35% Feb ' 102 Mar 83% Apr May 18% Aug 66% May 35 ' 11 4% Sep 30 Va Mar 73% Jan 112 Apr 60% July 48 % May 57 3A Apr 613/4 Jun 1073/4 Aug 11% Jan 39% Feb 1 Deo 21 12 Deo Deo 35 Va 13% Feb 34% Jan Jan 3 72 Jan 95 Deo 18% Feb 27 13% Sep 20% Feb 40% Feb 11 30% Oct 53% Jan 31% Feb 10 23' Oct 42% Jun 96 " 3B% Jan 70 May 113 Apjr Jan 2 109% Apr 3 105 Nov 28% Feb 5 25 Oct 38% 11 36% Jan 7 31% Sep 45 s/8 May 14, 106% Apr 30 Oct 110% Mar 63* ; 19 2 19 15 20 .7 19 14 19 2 19 103 27V2lFeb 3 19% Sep 23 14 Sep 123% May 20. 10 84 Jun 4 .12% May 19 6 May 19 "2* Jun 6 1,1/4. May 19 99' Sep 12 3 % May 17 13% May 19 947/8^^May 22 19 May 19 + 100 Mach——No par Bldg 7% Jackson Byron 100 —100 — — Jun 58 Feb 26 May 14 May 95 V2. Jan 80 May common—1 fiutler Bros commoh — 4%% preferred Butte CoRper & Zino— Byers; Co (A M)' common Participating preferred^ 101' 3%, 102 24%. Bush 60 3% preferred Terminal 33% Jan 72Ya Jait 25V4.May 99 Jan 14% May No par ' ~l 100 preferred conv2nd 3%% ' 173% 103 24% 3% % 70 *31/4 30%, 17% 17% 103%, *80% 13% 101 *3%. 500 * *87 82% *100' 101 *3%. 18 25% *80% 82% ♦100 3% 102 ♦24% lnc- Corp Oct 8ep 59 102 203/4 13 Vb 120 9 pjar* No par ^^-5 Bullard. Co Burlington Mills 4% preferred 90 *87 No — Feb 18% 116 253%,Jun No par " —— 30% 16 23% May 19 35% Sep 12 106 , Jun 23. 17%,May 19 common——15 — 89 % 89 "t ! $5 Buffalo Buff 31 Inc Co preferred $3.60 110 10% Inc Bucyrus-Erie Co' common—, :_5 1% preferred ——:——100 Budd (The) Co common—No par 13,700 124 10% (assented)_100 Bruns-Balke-Collender 600 . Shoe Brown 46 Oct 37% 23' 383/4 May21 37%>May 19 97%Mar 14 SVsMay 19 32 May 20 8 Sep 8 87 May 16 13 May 19 30 May 17 .; Bearing Airways Nov 26 52% Sep 23 25 ' May 19 Co-———5 —2.50 Brewing Corp of America 15 Bridgeport Brass Co No par Briggs Manufacturing -Nonpar Briggs & Stratton^ No par Bristol-Myers Co common 2.50 33/4% preferred—v 100 Brooklyn Union Gas ^.No par Braniff 2,400 32 Roller Bower 90 »/2 13 % 27 29% ,29%. 400 8'% 31% 18 105 4% 35% *8 27% *106% 20% *3% 35% 8'/4 32 y4 37 108 20- 29%, 105 32 4% 168 15% 25 24 Deo "Nov 31 6. 10 23 Ya Feb 31% July 114»/4 July 53 17%-Feb Feb 52% May Nov 143 July 25 31 Feb 85% 27 41% July 95 --5'' 100 Corp common preferred cum & Maine RR Boston 35% *83 13% *27% 37 *108% 108 ;20% •20 90 y2 13% 32% 28 32% ♦27 % *106% 13% 3%% 100 112% Aug 17 *>1 34 1 15 Jan 36% May 29% Sep May 17 9 14% May 19 Brass——1—5 A_ l«_No par common- 58 Sep .3?i/».Ton 14 —5 (The)—s Ca Oct 24% T 28 Vz May _2.50 —No par Borg-Warner 11,500 8% 8% *83 90% 13% 52 100'/a *3% 36 8% 51% *99% 35% 4% ♦34% 8% *83 13% 13% *3% 36 521/4 100%. Borden 283A 103% Feb 14% May 25 May 12% May 18%,May 41 Apr ^_1 Jan Apr Jan ;Jun 27 76% May 19 136%.May 19 46 % May 20. ——100 35% 37 112 25y2 May 17 19%. Apr 19 com—No par Apr 28% May Oct 28% Jan 96 ^^_1 Mar 30% Dec 163£ 102 21 Vs May 20 com__No par Feb Nov May 23% July 16 9 173/4 Sep Oct 15%, Nov 18 V* Jan 24 % Jan May 17 28 15 13 106% Aug 2 Jan 103 393/4 39% Mar 31 6 " w Dec 197/b Feb 62 30 com—-,_33%c B Stores Bond & May 24 Sep Brothers—No par Aluminum 31 17 Jun Airplane Co^.__ May Sep 18 19 preferred——No par Bioomingdale 110 Jun 57 21 May 19 100 Laughlin Inc„ & 15% 38 15% *36 Aug Jun 18. 100 common Jun 64 % 41% Dec 48%. Qct 9 %, July 24" '42 —No par Co W) conv 88 Va Sep xl2% Sep 1*00 Co 28r 28 Vs July '25 I Jan Jan May 25 Va 55% Jan No par 1——X, (Del) ' 36% - 13 Sep May 19 : 303/4, Apr Feb Jan 47, 18 60 . Decker Mfg Co—_—No par Black Jan 243/b Feb Bigelow-Sanford Carp Inc—-No par Birmingham Electric Coy_—No par 1,000 15% 38% 16 :_5 preferred!— lr/c 142% 54% Feb 7%. May 17 " *140% 54% 83% May 8< 163% May 19 _l & 86% Feb Oct 41 14 3/a 13'% May 27 —2.50 160 Foods—— 29% Jan 323/4 Aug —100 _100 Co Best 87% 37% Nov 13 pfd $3.25 ser-of 1946_No par 800 26% 26 y2 Nov 6 Va 8 Feb 10 Loan Indus Best 19% 49 May 16 ' 28% V 123/s Feb 5%.May 27 Bendix Home Apj) Ino 25 *94% Jan Jun Nov Aviation—— Bendix 30% 18% 251/s "• Sep 18 preferred— 18% 55 25 16% Sep common 25% 142 30: Apr 973/4 135 10% Co 18 142 Nov 18 Corp— Howell 87 * 114 10* Belding-Heminway 800 125/« 263/4 x533/4 NOV 9 Jun 34% 29» » Packing Beech-Nut *2oy2 26 3/4 22%. Oct" 51% May 130% 18%'Feb RR— Beech. Creek 1,100 31% 15 *94% ~ 97 July 24- 27% Jan 22% Mar 11 Corp Aircraft Beech 35 31% 21% 28% Nov 29% Jan pfd_— conv 25 26 3/4 Nov 53/4 May 16 Mills, Inc. "Beck Shoe 4%% preferred .1,500 8% *7% *33 cum 18 27 31 105 May 19y2 May 14> common. 25 97 8' 22 July 28 73 121 Corp__——1" No par Co 24% 27 49 Ya May 94 uuly 26 Vz 18 Inc— 18% *94% Dec Dec 13% May 19 Beaunit 106 106 Jun 263/4 68 39% July 22 150 30%, 27% 15 Mar 29* 7-7 —5c Co———— 18%- 97 343/4 Feb 4 No par commoh 24% .. 83 :/V.V Works 12% 30% Sep 1 Ohio Focds 123/4 30 45 No par Works— 30 30 13 *03/4* Aug 253/4, Jun Inc Oil 21% 105 Feb Apr 57 B T) 15 107 *105 % 29 Va May 113% Apr 100 (The) common-—3 preferred——No par 123/4 22 Oct 3— 18 Ms *27 . _No par ($1.20 J 25% •94% 62 1.00 common 18% 30% 23 y2 Jun ico Oct Oct 8! 24% 30% . ~59 preferred—J Iron 101 19 jun 13' Aug 22 *12% 107 *105% 107 •105% *33 15 15 12% 22 73/4 8% 31% 31% 15 12% 22 12% *105% ' 34Vt *33 31% *18% 106% 8 34%. 31% 147/s 14%. 8ys 8Va *33 34% *101 19 *183/4 108%. 105% 31%. *45%, 46 101 18% 8% *8 *33 101 18% - 106%, *103% 46 101 46% *99 19%; Aug 323% 2 105 Bayuk Cigars Beatrice 36% May 30 15- 18 3/4 Feb 21% May 19 Canteen Co Barnsdall 21% 102 40%'May 17 preferred ♦50 % 12%. 46% 100 Brothers "common————10 'Barker 29 21% ♦19- 78 10 & Aroostook common 5% preferred % 283/4 12% 100 Jun 2 May 28 10% May 19 Feb preferred-. 29 21% . May 125 Sep Jan • 24% 121 26 34 50 Conv. 100 Barber Asphalt Corp' (Delaware)_10 300 24 24% May 14 conv •Bangor, 110 66 66 *47% *23% 28%) < 29 V4, 148 - 13% ♦12% 48 24 50 25% *24% 66 ,*65 Dec Feb! 113% Sep Baltimore ,& 5,200 183/4. 18% 125 134 30 Ya Aug Mfg Corp 4% 4 25 15 Locomotive ' May 15 (B 22,300 153 31% Apr Baldwin .6,400 16% 12% Dec 983% Apr Babbitt 1,000 124% 107 % Jan • 14% 14% 4 132 Yz Feb 99 common Co $2.25 . Nov 25 66 Corp.1—No par Automatic Avco Oct 17 112 series prior pfd Conv Dec 12 25 Nichols Austin 7% 15% 18% 13 Sep 100' —— Tack 20 71/8 4 13 May 19 preferred—' $3.75 conv 20* *14% Jan 110% Sep < 112%. Feb 173/a Feb _No par RR: Powder common Atlas no Nov July 20 3/8 Feb 22 22 Corp 20. 81/4 - 42 5 *40% 42 *41 41 Atlas 50 *24 15% 7,% ♦14% 21% 5% 5 5 Va 5 41 03/8. 15%. 20 21 410 118 29 •24-,. *8% 20 : *117 19 102 preference series A__100 conv Atlas 67 y2 67 66% 1,900 17 Jan Preferred 23 3/a 23 118 *117 28 103 4% May 42% 10 Refining Atlantic 120 1,030 65 10%. May 19 14% ^pr 14 _mo Line non-cum Jun Sep Feb I SS Lines common _—l; G'& W Atl ' 172 110 lo Coast Oct 6 com__100 —_ Inc—— P Atlantic '3,600 112 103 23%. T 139 125 Co*— Santa Fe & preferred 5% 32% 32% 1031/4 66% 117: 15% *14%-. -15% 15 %■ 20 % . *24 8%. 8<% 8% 117 , 28 ♦24 28 4- 8% 15% 117 ; 67' *66% 67 66% -67%, 67 22%, 300 A- 74 112 112% 1023/4 23% 103%, 23% 23% 23% 23% 23% ♦112 ; 26 26 *71 »/4 31 32% 33 112%, 103; 103%-. 103% 103%, 104 ♦117 Investment Sep 12 7 gep 18% May 112 Sep Jan 14 Sep 24 183 102% Jun __100 100 10% 6 $ per share 130% Jan 8 May 19 55 5 common Topeka 5% i2,400 50'4 New Atch 1,000 14 102 3/a 103% -14%. 51 33% 81% 141/4 102 s/8 14%. 14% 14%. 33% 81% 80% 15 3/a Mar Highest $ per share $ per share 10 common—1 preferred— preferred-. Associates 81 33% ♦33 33% *32% Goods /, 38% jUn ——————_No par Dry 1st 14% 26%! Corp; Associated 114 82% *50) Artloom 2,900 14% Corp Constable Arnold 800 13 14% 300 143/4 12%, $3.75 *111 33% 14%- ' 210 12%143/4 12% 14% 106 Va share 9%,Mayl9 Co. com——No par preferred;. No par Year 1946 Lowest Highest 103% Sep 140 Cork Armstrong 600 106 Va 107 47% 14% *14 12%. 47% 473/4 ♦106 Va 106% 106 y4 107 473/4 48 No par _100 preferred 7% $ per com—5 preferred: $6 conv prior 220 *47%- of, Illinois Co & Armour 1,100 185 14%- 103 103' » 106 *183 47% 113% ♦24 106 183 15 82% .. 105 18.3 14% 113 CLOSED 105 183 14% 114 - jPar 17,400 13% 106 ya 12%, 114 *32% 13% 14% 105 % 183 12% 14% 133/4 14 13% 13% 185 Range for Previous Range Since January I Lowest Shares $ per share $ per share share * ' STOCK EXCHANGE the Week 105%. 14 14 EXCHANGE $ per share per *106% 107 ♦12%. STOCK Sept. 26 *183 48% 48% 106% Sopt. 35 104% 107 % 183 Sept; 24 13% 13% 13% 105% 183 Friday YORK NEW Sales for Thursday $ STOCKS PRICED Wednesday Sept. 23> share per SALE Tuesday Sept. 22 i HIGH AND LOW Monday 120 Jan 20%, Oct 38% Apr Apr 25% May 130 Feb 14% Feb i 7 9% Oct 22% Jun 86% Feb 18 70 Va Oct 99 Jun 37% Aug 12 25y< Oct 06 % Deo 45% Feb 108 % Mar 102% Apr 23% Feb 11, 18' 38% Feb 10' 33* 22Va Feb 17 IS 16% Oct 953/4 Deo 111< Mar 12 84% Deo 97 Deo 119% May 102% Aug Nov 104% Feb 100 18% Nov 95 % Jan S 15%. Feb 8 13 8 Jan 22 75 9%; Feb 88 24% Feb 108% Jan 7 4 Feb 10 21% Feb 10 3 6 104 26 Jan July 7 NoV 6%: NOV Oct 20% NOV 105 Sep 46% 59%, May 20% July 213/4 15% 98 Oct 99 Oct 19% NOV Mar Jun Jan May 39% May 110 4%Oct 15 Jun 9% 35% May Jan Feb 112% July 40 May ' ' _. c LOW Saturday Sept. 20 t per share Monday Sept. 23 I per share AND 31% 30% 54 2% *53%. 31 54 *53% 21,4 2ya 7 STOCK EXCHANGE CLOSED 7% 7% 7 y8, 7% 28 28 % 27% 27%. 271/4 157/a 16 I314 122% 15% *118 *44% ' 45 % *44 122 153/4 124 45%, Thursday Sept. 25 *118 . $ per share 31 *30% 54 53i/2 2% 7.1/4 2714 157/s 124 *44 45% *19 I91/4 .. 15% 120 *44 19% 193% 10% 11 y8 103/4 11 *73% 74% *73%. 74 7 a 730/4 73% *73% *12 13 12%' 12% Hi/4 12 *11% *42 18% *42 56 55 118% . 55 55 55 19% 103/4 *54% *117% 118'% 3314 331/4 33 33 33 43% 421/4 42% 43 43 *42 19% 17,% 19% 18 43% For footnotes see page 23, *41% 44 *413/4 117% 18% 44 '■ 30% *52% 54 27%, 15% 120 45% 700 50 : 1' Cons. Copper—r5 5Yo preferred Callahan Zinc-Lead 3,000 Calumet & Hecla, 27 1,200 Campbell W 15% 3,800 130 Can 30 *26 15% *1203/4 *44 71/4 453% 1914 19 19 11 10 3/4. 11 74%. 73% 73% preferred com——1.66% Southern —No par — Ry 700 Canadian 14,000 Canadian 21% May 19 12% May 13 116 Mar 15 No par & C Fdy Dry Ginger Alb $4.25 Canada 123 423/4 July 100 CoL Pacific Mills 900 Capital Admin class 9V2Mayl7 25 Ry Cannon No par — 1 19' ' Sep 26 Breweries Ltd——No par 200 share 24% Apr 28 53 Jan 22 '2 May 14 6% May 19 California Packing common—No par . 4,000 7% $ per Par Shares $ per share *117% 18% 12% 55 118% *11% ♦543% 117 123/a : 56 Jan 55 20 117%'. 32 %; 32% 700 4234 42 42 600 18%, 18% 18% 3,200 ' 42 42 •41,3/4,. 41% $3 400 preferred Carolina 130 33 . Clinch Carolina Power Carpenter Steel Carrier Corp Preferred A — & & 11 50 115 30% -"40' A common—1 Ohio Ry Light Co Co,—,——v commCm 4% series ;10 100 100 ;_5.4 .10. .50 ' • Apr May Mar May Apr Year 1946 January I Lowest Highest Lowest 17 ' 34 117% EXCHANGE .303% 7 >4 19% 33% the Week 53%,. 7 27 11% ♦55 Sept. 28 Range Since NEW YORK STOCK 2%. 11% *117% Friday Sales for 3iy8 2 *187/a % Range for Previous STOCKS $ per share 31 % 2% PRICES Sept. 24 $ per share 31% SALE Wednesday Sept. 23 ♦53% 2 HIGH Tuesday 14 26 29 20 14 12VaMayl9 3534 Mav 19 $ per share S per share Highest $ per share 47% Apr 68 Apr 18 27%; Deo Jan 29 53? Oct 3%-Feb 8 3 Sep 7% 8'% Feb 7 6% Oct 123/4 Jan 30% Feb 7 20%, Oct 40 3/a May 17% Feb 10 Feb 10 18 113 July May 20 13 32% Sep x55 132 483/4 Feb 25% Feb 153/8, Feb 78 Aug 22 1 143/4 Feb 57% Feb 18 Nov 18 Nov 147 Oct 58 Jan 24 Dec 25 3/a Deo 11% Oct 22% Feb 51% NOV 733/4 Apr 12%, Oct 21 % May Oct 59% May 12% 43 50 112 Sep Jan 9 39V+Jan 50% Feb 2 38%/ Deo 1 39 193/4 Sep 17. 128 42 Sep 17' Feb Sep 13% Nov 34%, Nov 137 39 3/a 61% 34 60 May Deo Jan Jan Feb Volume 166 ' Number 4633 THE COMMERCIAL & FINANCIAL CHRONICLE (1263) NEW LOW Saturday Sept. 20 Monday "Sept. 22 $> per sham ( AND i i pjer 7 38% $ per 38 151 38 14b % 6% 149% 54 54 V* 53% 24% <25 noo% 106% 106 % 106% 144 145 149 54 25% 145 < 24% '. 28% 28% i29%- 20% 20% *19% 19% 9% 9% 8% 8% *111% closed 8% 113 *91 7% * 7% ' 14%. 13% 10% 12% 23% 12% 100% 100% *4% 5% • 8% 9%' T-%: 5% ,5% 11% 5% ' 5% *5% 3% *3%. 8% 31% ■ 29% *53 ! 18% S' *33 39% 28% " *108 •;• 112 24% 44%. 16'% 189 *90 29% 41% ♦110 30 *165 111%. 32% 32% 321% 108% *107% 108% *79% 80 *79 80 *45% 48'% *45% 18% 39 38- 40.'A *142% 17% 145 ,. 40% 145. T* per • • • f share per 180% *179,% 62% *62% 62% *1300 47 103% - 19% 13 *25% 14 *13 14. *12 * 14- 13 13 13 25% 25% 25% *25% 11 % 11% 26 2ft 38%< 16y8i *15% *70% 72% 42% 24 3% 113 29% • ' 291/4 30% 5% 25'A 106% 106%. 15% 47.% 48 29%. 29% '30 lil%", 11% : 11% 29 28% 25 ; 15% *12 4 30% "30 15 25% 25 35% i' 104% *1QQ% 36 34% 108 *107 10% 49% 7% 46' 10% 49% 7'A. 6% 47 *14% 23% 51% *14% *48 45 15% *14% 35% *48 I61/4 55 24% 24% 24% 15% 10,3% , *104 7 - *1041/4 105. , 14% For footnotes see page 23". ; 49% 35 108% •' Feb ;! 35% July ;i 15 > 17 Nov 37% Jan 43 Deo 59% Jan ;: 55 Deo 67% Jan u 14 Deo 25% 21? 14 r 1 29% Jan 6 21% Deo 36% 27% 9% 88% Deo Mar . ft '< Jum 20 37 May 19 95 43% Jun 109 Mar 101 33 •*104% 14%' Sep 44% May 1. Oct 22 May J i 108% Mar i i 38% May .; 32 37 144 205 Feb Jan 108 Jan 109 Sep 113% Jan 106 Jun 108% Mar 99% Jan 106i) 56% Feb Deo 35% July 28' 57" 15% May 19 1 Sep -105 Jan 22. ; >, 3 i Feb 18t 24% Feb 3 Apr Ju f 62 May, 21 39% Mar 13 Sep Jum 10 > 19% 24% 48% Mar 36% May 6:- 39% Nov 60% 7ir 152^ Jan 154. Jup 30 % Sep. 26- Feb •44% Fft Jun 165 May T7a Sep 25 Range for Previous STOCK Range Since January 1 $3,50 com 5%) Mills;- mc— & iron; cum 4%v ; non-rum 33 Nmpar 1st May, 17 18 12b 2nd' preferred—100 1 "2;50 Colhmbia 8s Electric——Nopar 71 Sep 25 39% Apr 28 "* $3.60 3,900 preferred Commercial Solvents 33,600. Commonw'th —-No par South & ' 1,900 103 % Juri —a———100 — - 11.1% Sen. 9 27% May 19 8'/a MayTft 1,000, 28 % $ft preferred series!,—x___Nmpar Commonwealth: Edison Co_,——25 Conde -Nast Publishing. Inc—No:par 1,200 Corigoleum-Nafrn 5%. 25%. Consolidated 13,700 106'% 3,000 Consol of N> Y 10 63% Jun 10%: Oct .15% Oct 23% Jan < 24% Feb 12% Nov 41 Jan Sep 39 Jan - 12% Oct 38 Jan 28 Oct 47 Jan 27% Nov 47 Jan Jan 8% Sep 14 ft 32 Y* Nov 48 7 20 Deo 14%, I8 '24'% 104 •63 % 190- 491%; 7:'/4,46% 52,; , 86 Mar/21 78% Feb, 11- 36% Oct 36% Oct 103% Deo 123 Nov 32% May 5% Jan 132 Feb 47 % Feb 8 115% Feb- 3 26% July 7 4 19 14 2,600/ Consolidated Vultee 1 14% Aircraft—,—1 41 % *101' 102, 14 1,200 34'%. 34% *103%. 106 7,800, 300 1 Continental ' Continental 44J/4. 15%, 45 8,100: 15'% 23 600 23%- *51 51%. 170. 16'%49 15 *55 4,100 23% 3,900: 110 1,200: 55% 420- 23% 103 103 103; 192 191 4,500 103 3 '% 3% ■33i% 33% 104% 104% 62'%: 1 60' 230 62% 3,800' 191 5% 5% 5% 5% 3% 100 3% 33%. 104%. 14% 14%. 32% 33 , 104.'% 104% *14'% 14% Can Diamond Insurance: Continental Motors Continental —No par Fibre. 3—5- Oil 10 :—1 oft Delaware Continental Steel Corp; Cooper-Bessemer Corpr com 123% Jan 29> 33% Jan 2 29% Sep 36% Jun 14% Jan ■> 2 2 18% Sep 40% May 2% 111 . 7 11 Feb, 7' 29Va Feb 3 108% Mar 2ft 5% 1,000 32'A May 19 99% Jun 26 Co common... May 27/ 97, Jun 18, 34% Sep. 26 XI05% Jun, 11; 9.. May 17 44 55% May 10% Feb Oct 24%/ Oct 105% 36 Sep Feb 109% Jan 15% Feb 10 54'/2 Jan. 2 17% Sep 13% Nov 23% 42% 60 17% Mar 14% Nov 33% 16% Sep 47 Jan 17 Nov 32 Aug 30 Jan 19% Feb, 38% Feb 114'/a Feb 48 Xlll Feb 24 25% July Jan Deo Apr May Jan 115% Mar 35% Sep 64% 12% Feb 22 Sep 109% Jan 53% Jun Apr 104% July 31 20% Feb 10 106.% Apr 9 101 ft 44% Feb 33% Sep 103% Nov 8%, Nov 110% July, 30 13%, Feb' 7 July 113% Mar 18% Feb 54% Feb 3 46% Nov 63 Jan 12% Feb 8; 10 24 Jan July 24 33% Oct 49% May 19 Feb 1ft 15 Nov 23% Sep 23 13%/Nov 4ft% Deo x23% May 30% Feb —50 preferred—-——^ 100 Cum. pfd 3%% ser of 1947_„100 Corn Products Refining com ,—25 3%%- preferred Creameries of. America 13 % 20% Feb 13" Oct 12 % Apr 14 3.1/2% Crane 200 Sep 14% May 19 Electric Corp 1 Exchange Bank & Te Co___20 Corning; Glass Works common 5 2,700 Jan 14 Corn Coty Inc Coty International COrp^^ May 19 July Jan Nb par CornellrDublier Preferred 50 % Aug Jun 59% 48 —5 :_Np par Copperweld Steel; Co common.—_5 series 34% 111% Jan 13 " 106%vApr May 2Q: 6% May lOSS Apr 14 1 $3 prior preferred: Convertible pref, 5% May 19 12% May 15 : 100 Inc common-—20 1,000 3,100^ , • preferred preferred: 500'- lS'/a- 193 $3,75 2,600 12,400, 7%- 15 24% Continental 49%. 49 103 k 11% 7 Nonpar Continental Baking Co com—No,par $5.50. preferred:, I Nb<par 49%. 103%. 103% 63 621% # , cumulative 11%' 55'/4 24 4% 102%' 15'% *55. 10% July 30 17 $4.50 preferred " No par ' Container Corp of America com__20 10 Va com Deo- 33 11% May 211 11 Apr 29, 40% May 19 Corp Consolidated Natural, Gas___—;_bl5 21% 15% 15% 5%, 14% Grocers Consolidated Laundries Corp———5 13% 49. *48 5% ■ Consolidated 300 290 10% 103 1,400 4,500 7,100 1,700 107 15: ■ 15 Apr 36% May 50 . . 35 Va Feb 24% May 23r xl05% July; 1 com—No-par $5, preferrecL.——:—,—No par 60% July Aug 110 Oct 13 4- 21 Feb Deo 37 31% Aug . 15 Apr 14- Feb 69%. May 12% Nov 24% Nov 47/8 MaylO' Coppermines Corp!__5 Edison 20% Sep. 17 16% Mar 27 17'A Feb- 42% *99 3Qi Inc 20ft: Deo 23'A May 19 —i—No par Consolidated Cigar_——j.—No par 200,1,500 2c 10 " 12% July 25 20% May 19 <2'A May: 1ft 6,80ft ■ 39% Aug; 22 V3 Feb 17 cpm—Nopar 29'%; 11% 31 MayTO. Jan. Feb 32% Jan Apr- ia. 3 ft. Credit ~common__—^10 61% 11 32 Va Jan; 10. : 30% May. 281 14% May 19 w_-Nonpar Columbus & Southern.Qhio Elec_i.lO 46 Highest $ per share Oct May 22 17% Feb, 11 16% Feb 4 Apr 19 10 Carbon -Cor— *.—Nonpar Columbia Pictures common^.No par ' $4-.25 cum preferred: w 56 130 5 20 % Feb .. May 20 22% Apr 10 Commercial , , Gas Columbia « , 8 23 Aug $ per share 105% July 25 16% May 19 8May 14 9% May 15 . common—100 preferred_l_100 B ,. '' Aug'25 May 17' > Lowest 65% Jan T155f May 19 ,'26 Columbia Broad Sys. Inc oh A—^2.50: Class 189 99% Mar 13 * No par -—5 Southern non-cum May 19; x61% Jun 10 1140 May 21 No-par Nmpar Corp com—No par preferred i_20 conv 4% $'per share 141 No par preferred——" ; L Highest $per shnre No par i Year 1946 Lowest 41% 15%. *102%\ 103.i% 3% Oct 27 106'/a Jan 10 78 V2 Sep a 45% Sep, 16 43 May 16 12% JUP 27 10% Sep,.' 2< 12% Oct 23% Feb 55 50 Oct 60 Apr 27% Jan 67% Jan 12% May 17 52 Apr 14 23^8 Sep 15- 101% Apr 61% Sep, 15 185 l 5 1 ._100 _1 2. 302% Apr. 17 ;_io0 !_25 Oct 47 Jun; 25 Apr Jun 25 6 27/8 Aug 8 26'A May 19 103% Apr 15 14 Sep 15 53 Mar 25 Feb, 5 20% Feb 13' Xl2% 56 NOV Jan " 52 Sep 32% Feb 19 25% Oct 105% Feb 6 101% Deo 105% Jun 20- 61 Jan 75% Jan 195 , 7. 7 107 15 Mar Deo Nov 39% May 109% Aug 75% Deo 210% Mar 14% Apr Oct 7% Jan 13 31 Oct 49% Jun 5 101 Nov 4% Jan 40% Feb 58% May 4% 8'A Jan *185% 7% Aug 15 Ang 14 , H U Nov 4* ; Feb 15% Jam 28 115% Feb 1 Consumers Power Co 23'%, 55 3%- Deo July 24; IO71/2 Sep 26 271/4 Jun 10. ; ; i i 38% July 68% Apr 114 '178% May 19 > No par 700 15 54% 5% 30% Sep Nov 20% Feb I® 600 23 15% 62% May 21' 31 14'% *51- 15% 190 ,. 53 ,108 12% May 19 35% 15%. 14% 5%. 4 Sep Feb 1© 23 112% 49% • 48 63% Jan Jan Feb 25 94 85 | 15 28 Jam 28 ; 11 25% July 111 84 35% 23,1/2 .511/4 ■ 14% 103 ; > 62% July 17 1 111% 10%; 49% ■ 1ft. 24% Jan Jan Oct 36 48% Jam 3032% July,24 U% Feb 10' Ntrpar 38% 82% Deo 6% 42% Mac 17» May, 20 May 19 15 : 15% Feb 18) 7% Mar 21% May 21 37% May 19' ■ I; 34% 14 Jan; 11%July 56 July 23: 57% May 15 15% Feb 11 9 ApB 11% 43% Jan 76% Feb Sep 17 27 V4 t Consol RR of Cuba 6% pfd——100 Consolidated Retail Stores Inc„—1 *100%: 104%. 34% 35 105% 11 50. 14% • 400: 11% 14 15% 105 33% 20 ;' a 3_: ). Colorado 1,3001 48%. *101 15% 191% 14% Oct 31% Sep 25 • l~.1G0 Internal. Corp- Golo Fuel 21% 1 41% 6%, *104% 11% Sep Sep Sep Sep 16 108 u i—100 1: (The)' Class A Colonial 560 11%. 14% 44% 34- !? 7 4% May 1.7 (The) neiw—1 Colgate-Palmoltve'-Peet 1,500 47,% 102% 7 33% - *14%. , 14%' 41% 45 106 Jan 8 35% 35% 6% 55%. 24% ■ 17% 6% Feb 12% May 15 15'A Jan 13 10- 112% *141% 44% 5% 3% 3% 34 15' .12 45% 191% 5% 33% 14%- 14 11 63% 193 106% *101 34% *107 10% *162% 103% ; 64% 3% 14% 35%, 23% 50 OR 106% -*112 104%- •51% *5% 25% - 14% *100% 108% 49% " 23% 5 ,. . 41% 1023/4 14% 23%. 55 '■ 104% -. '35%, 41% 5l%, 14.% 106 • 113 *101 51% 15'A *191 41% 23% 15 55 63% ' v 111% 51% *102% 25 106% 15% *14% 35%. 112 23%. *104 5 21% . 14% 10% 0 *30 21% 41% 14% July Oct 15% Fel?(; 51% May 19 52 '/a Juh) 27 100 new— YORK : 400 3'% 112'% . I'M 31 21%. 14%,. 102% 49'A *30 ; 29%; 113% 29 21% 14 108/ 11 %• 28% 14% *101 35% ■ 3. 481% 14'A ft.50 :1 Collins & Aikmant 2,200/ 107 111% 14% 102% com_ rights Co Coca-Gorla < 29,200 r 3 31/8 ---112%; 113% 29% - 30% - 12 14'A 71 : 200 100 - 36% IO51/2 47% 102% Coca-Cola 1,200/ 11% 16'% ' *70- 107 12%. 111% Elee I Nov 53% Feb 13 Par 60 44 141% '35% 26% Jan 7% 5% 36% May. 19 EXCHANGE 200 42 48 41'A *100i/2 36'/a '- 23% 25% *12 14%, 112'A Oct ,; Jan 1 3C% 56% Sep. No par NEW 460 26'% 11%. 42 14% 41 >/4 9% fi -, 8% Feb ' 21%. 35% 25.1% *25% 43%, 473/8 14% 18% 14% Feb 8: 38% Feb 7 27% Feb 21 2.50 : Common 800: ; ; 25% 44%; 14%. 21 Oct 6% MaylO 33 No par ■'1 IB 4,200 13 23% 106i% *15 12%. 14% 14 42 48 14% ~4% * Octr 2.5 t City investing Co'commoh_ fti%% prefepredi-_4— City Stores .a 2,700 - " 47% 14% 21% & 700 17 yi *1'5'% 13% .. 14'A Gas 300 13% ' ' 37%. 5% 106% 13%. Oct 20'/a Jan — 2,000( 14'/4 *12% 16 301% 5 106% 211/4 112 , 48% Sep : Cluetb Peabody & Co-corn—__Nopar Preferred —; ioo-. 300 62%, 17Ja 71- I 23% - 29- 106% 12%, - ' 29%. 5 15 % *12; ' 30% 5% 25% 113 29 11%: 29% 30%, Jan Apr 25% May 66% Jun 1 > Clinton, Industries Inc_ 2,80Q> 10 53,800 • 46%. . 42 3% 112% ■ *i3% 26y2 11%. 107 23%".' 3 ' 46 44 11%' . *111/4 113 25% Oct i 32 arar 12% Jap 29 9'A Jan 3 ,. Jan 114 3% ; ■, Corp.new— Special gtd,4% Climax Molybdenum 700 • ; 13%. 13 -25% lfr 45 T ,• 37 107% ',23% 3 % 112% 43 Oct 23% May 1914'A May 17 , 10 Shares 180 14^'a, 14 ' -71 - 43- *44 107% 23% 3 • 29%. ' 3.7%, 242 % f 44%. 107%- 23% . 3% 113- 43 44 , 103% 28% 19%" J97% 14 11% ' 16% 71%. 107' 13* 25% 38 42 % 28% 18 *25% '11% 71% 44%, < 103' f (26%, *37% •. . 19% 114% 13% *15% 107,»/2 148 62% 29%. -13 - 16%; 24 .. - 18' 72'A 44% ■' 180 63i/a;- 14'% 16'A 107% Jan 25% July Sep 4) 1 7>W gtd_i___50 1 stock_: u. 50'. —x X1300 ' 18. 72 ■- May 51% Nov 10% Jap 3D : 100 5% preferred!— Cleve & Pitts RR Go 6,100 $ per share 46%, *103%- 103% « 14-%- 38 'A» 42 24 12% 17% 102% July 23; 7% Feb 3 * Clev Graph Bronze Co 10 i par No par T $4.50 preferred)-— . —t — 103%, *17% . 21% 105 STOCKS 46% 14% 11% •. 11%;/ 50 38% *146 X1300 14%, 13% 800 ? y' 38 ,,180% .63;%,. '47 46% 23% 26% 11% *178< . 19% 13 Deo 4% May l9 2% May 21 : .> C C e & St Lpuis: Ry- Co com—_ 100 5%, preferred"— ^._10o Clevr Elec Illuminating 6om__No par 5,700: 36y4 % 29. 12% 1 ') 25 QHC__l Preferred Sales for 19% •' 19%- *ls2< 50 ' — the Week 29% 2 29.%, ' 26 40 $. per share 63% 103% 18 10 30% Mar 10 54% Jan 2> 3 6'% May l9 Ry Co cl A_;^ :Clarte .Equipment Co< 3—; Friday 19%. 18; ( Sept. 26 29 %. ' 14% , 13 £33. 104% 70Q Sept, 25 29 % . 13% 25% ' - 1 •i *46%' "48% 17% ■'17%. .% : 181 i* 62 i/a " 13% 13; , *103% . 18'A *13 stock *179% '40 1,000' 108% "79 ( 36% : Thursday Sept. 24 $ per share 63% Jan PRICES Wednesday 181 T Feb 23 4'A May 17!; 8% May lO C IT Financial Corpj — ( 95 79 . i48 19 14%- 18'A ■ 189 . /■', *107 % - 17% *145 , 32% 37%. 39% .148 SALE 28 % Jan 13 ( Ci£y Ice & Fuel— ' 1,500 "40*% 41%. 107%; 107% ■; "' J7,% 37%. *1300 46 ■ 20% 14% closed ■ 10,41A 30'A-. *29-1/2 exchange HIGH *1300 47". • AND 11 31% Sep 14% Jan 23% Nov 20 Va Feb t Cincinnati Mining Machine Cot 700 ^ -16% "29%, 29% 48% ••'• 18%.- 140 % ♦145 t per share . 180 145 • 80- *45% : 37% 40" Tuesday Sept. 23 Sept. 22 share ... : *3.7 30% 88 • . 4,900 ; Louis" Cotton Cincinnati ___• 32% *79 - 18 ' 102% July 23% Jan 2 27 3% Apr 14 6% May, 19 $3> convertible' preferred—No par Pr pfd ($2,501 cum: dtv____NO par Chicago Yelloyb Cabx. : -No par. Chryslei- 800 - *165 *10734. 108% '• 48% . Monday Sept. 20 t ••' ;• 41%' 32 'A, - LOW Saturday' • *45% 110 Sep 6 110% Jan ? —No par Chickrasha 4,500 ; -44 *96 *109%, 111 r 8ff' *79 38 40. *- .110 " 18% 38. .. 41 29%, 95 41 . ' 8% 21% Jap 41% J up 10 95 Jun 12 , Jun, Deo 89 14% Feb Iff 4 Jan comiwSD Chile Copper Co—1__ 26,700 26'% 16%- 189; -•/' ; *90 31% 31% *■107% ,108 ' - 48% -17% •• *165 41%. 110 32% *107% •41% 110% 35(4 Mar 10% May 10 .—11 3 JChilds Co . —1 >10% V16% 29?8 ' - 400 "23% 101% *83 ... :: 1,500 . 3oya 10% " 41%. 4 23 ; Series A preferred vtc__ 200 i c 110 23% 43% 86 16% 95 . : Jan 17%. Apr 13% Jan Sep, 14"% Aug 29 103% Jun 40 1„_\_ 29 Oct 8% 96 % Apr 13 12% Jan 31 Sep 9 11% May 19, 20% May 19 19% May 21 No par — Cliio; Milw St ;Pawl <5& P '.vtc—No 1,390 j 58%. *107, . 30% . 8 -35 25% I • " 111% 111'/* :i89 *90 - 41% - 1 10%- 23% •'29 % 95 '• 5., 57%. 23.% 44% 43%. 16%, . cq_3 July 2 3 Jan Sep Sep 23 20 2 9'% Sen 25 100 Jun 20 12% Aug 21 Chicago & Northwest com___No par / 5% preferred!—^ —J 100\ Chicago Pneumat Tpol com^_No par 100 -13; *33 ' 189 *50 I.IO; *83 16% RR Greal^ West RR Co Class 1,200 *17%- -17% • w 26% . ' 86 ( 531/a *12, 59% 26% "" 41 • *53'% 23% *30 16% *163 - 100 41% 41 30 57% *82% . preferred Jan 161% 38% 19 14 % Jap 29 % par ' 109% Oct Jan 10% Jan 116 Feb. 10 Jan. Sep 138, 14 21% Feb 22% Feb 6 81% May 23% Sep 22% 4% May 19 ^.1.25 preferred^. Chic Ind & 4,900 2,500; 'Sr. *29% ; 30% *9% •: 10% 9% 86 16% 29% *165 29% 9 *82% 1'6% 29% , 29% 9%. ill 8f East 5 % 2,900> 18% 13 *107.. ; 44 90 No par Mfg— Chicago Corp (The)—: 6,300 ■ 31%, 18 " : 9; 'f 18%. '55% 35 24 . 8% ;• 30% 30 *1.7% .110 44 July 17 Nov 104% 28 32% Feb 24 7% May 19 8% AUg, 15 No par convertible Chicago —- *54% 5% 23% COi Claes A_—_i 60b 30%, *33 17% 59 Chic 9,400> 4,600 600- ; 3% 53.%' *12% ( 35" ■ Ift 112% Sep 1 preferred 3% % 1,600 5i% -1' ■' " ■' 13 • 1,300 —1 5%, .'.53%, 53.% ' *107 24 44 86 :.5j% 26% ; 26% 24 30% 29%, 53%. : ' 26%, 44% 9% 53 ( 108 % Jan 166 Apr 18% Jun Chesapeake Corp of Virginia—— 5 Chesapeake <te Ohio fly commona_25 9,500 ll'/a *3 %- - 41% 58 24 30% 40 %i "*5 . ' • ',, * 5 »%- 19.^ 17% .. *5- 9 %. 31% 29%. --53% 18%, Nov Feb' • 153 7* ' 5%.' 18% , > 8%7%. *10% . 3% . 3074 *33 44% *82% 8%. 59% 26 112 5% ; 4i%. *12 5% : ; $4.50 Products^. Checker Cab 200 5%. ' 7%- ./ • .. .i 10%. * 35 57% 26% *108 J *5 35 58% 98%- 8% i8% *23% 18 45% *4.%, 31% / *52 13 17 1,600 30 *98- '• 7%, . *3%. ' , 14o 13% -44%., 5%. - 10%. 31*8 18% ; *12 5% *33 30% 40 53% Champion Paper & Fib com—No ' 18% 29% 800 107'/a 13% 5% . 7%-" *5. 9% . 41 % 54% » 7% 10% 5% 8% 53% Chain. Bfelt Jan 54% 64 Junt 11 19% May 19 No par 300 Jun a 20 L : Jan 55 183 2 No par Copper—. 23% 8%, . 8% 5% V *3% V 31% *4%. 9%. *5% , 9 *52% . 12% IB¬ * : 5. 3% 29% 53%, ' ■ .10% ; 18% 12'% ■ '• • 39% ' 55% 53' 5% 7% 5% 1 30% 19' 41% 30..' *4% 9ft Pasco 8,200 • ■ de 10% Nov Nov 31% 26% Sep _-_100 17 *29 45%. ; Certain-tecd 100 Highest $ per share Oct L7%Mayl9t* 104 7/a Jun 18' 20 28 106 -. '30 99;' Cerro 23 '14 x4.4%, 99% ; *8% 5% c 9% 18% 45% . 99 • 10% 8% 31 44% 1,300 16% 107; 3u 900 10% *27 23 'A 13% 14 30 6% 40% Aug IS 100 " xl39 : tCentral RR of New Jersey Sugar' Co^rNew capital1 stock Century Ribbon Mills^ *91/4 17%- *106 30 • 8 5 10% ' 30 20 -23% - 13% *29 9 . *3% 41% 12% 6% 27% 107 Vi *I3%: 9% 30 ■ 7% 11% - 23%. '• 23%- *106% , 5% *8% 7% - : _J— 8, 158 Va Jap No par common— 7% Feb S per share May 23 49% May 19, Central 111 Lt 4%% preferred100 Cent. NY Pr Corp pfd 3.40% ser_100 , 200 , preferred Corp 13 138 No par preferred— Jan 291/2 May 19 .__„__-__lQ0 Central ,Aguirre Association—No par Central Foundry Co : 1 Central Hudson G & E: Corp;—No.par 100 7i% 6 Lowest $ per share Central .Violeta 13% »% 28 l'OO *4% 5% 10 91 2nd Ceiofcex "1,400 *7% 1% ' 1,800 8% " *90 8 13% 10% 3 45% 99% ? ya *7% 17- . 29% 44% .. 9% 113% 8% *111% 30- 12% *28 45% 8% 8% 113%. %'»- 30%- 23%. 10S 9 8% *112 16% 27 106 29 45% . 8% *27'% 17% 27 13 *27% 3,600 ' 16% 107% 18%. 8% 14 30% 107 X18% 19%. 9- *9% 30% 27% 19% 19% *13% *9% 30 23%- 300 8% 10%. 23% 3,200 ' 13%' 30 % *27. 150 28% 20% 91..'. *9% 17% 146% 28% Corp 25 Year 1946 Lowest $ per share Celanese Corp of Amer coin„No par ■ $4.75' 1st preferred-^.^___—No par ! 300 *20% ' 30 17 *144 General Caterpillar Tractor-i 14,100 ( 107 29% *7%' ' . 145 '113%. *30 24% *106% 20 % .« *112 90% 70 ' 106%. 146 & (J I) Cor common Preferred 3,100 28% 8% '• • 113 90% 7% 7% 14 9 • 113 92 9 • 24% ' 20% 19%* i' 9% 1 Carriers Range for Previous Range Since January I Highest ', par Case, '53% 20% *20%' 19%: 149 53' STOCK ' 3,800 29" •28% 1 20%. 19% 37% *14 3L YORK EXCHANGE 300 37% 25: 106% • •» 6% 53% 24% - 145- 28% stock 25 144% *'6% 150 53t NEW Shares 38% 150 54% $ per share 6% 37 '140 53%' *20>A exchange the Week 6% *106 % ' 106% • RECORD Sales for Sept. 26 $ per share 37% ' 9 Friday Sept. 25 6% 37%' 24% 144 Thursday $. per share 6% 15 STOCKS - Sept. 24 * STOCK PRICES Wednesday share 6% 38 %, 151 SALE ^Sept. 23 share *6% HIGH Tuesday YORK 110% Aug f 24 % 2 4 Ya t*•»49,a/4 $ share 42% 5i 1/4 , v?V.4£f. 3lVa 24% 23% . 24 24 243/4 243/4 700 Cream of Wheat Corp 41% 42 >A 41% 41 y2 800 Crown Cork 51 300 $2 41% *49% 31% 106 Va 50 Va 49 ya 49 ya 31 % 30 ya 31 30% *50 *50 51 30% 30 3/4 30 3/8 30% 2,500 s 23% Sep . 25 $4.20 preferred:.-——— 740 No par No par 102 106 ya" 104% 105% 105 105 104 105 *115ya 118 116% II61/2 *115 118 115 115 90 27% 27% 27% 28% 27 27% 26 3A 27 2,000 79% *79 79ya 79 79 78% 31 31 31 311/2 31 31% 303A 32Q Cuba 32 78% 30 3A 5% *78% 500 81 17 16% 16% 16% 16% 16 16% 15% 15% 2,700 16% 16% 100 *98. exchange .<>■••• 1 *17 *98% - iOVa 16% 10 • - ■ ' ■ '5% 5% 100 10 9,200 200 61 *60 61 10 137 y2 *133 137 >/a *60 62 *60 5% 17% 5% 5% 5% 5% 8,700 17% 5% 5% 135% *130 55 93/4 ioy8 *133 137% *133 18% 17% 18% 16 1 5% • 93/4 10% 10 200 17 *51 18 52% 61% 61 62% *61? -jv *17 *51 138 138 138 *134 V" 17% 55 173A 173/4 *17% 173/4 1,100 135 y2 27 27 Ya 26 Ya 27 26'/a 26% 25 25 24% 25% 25 95 96 94'% 94% 95 *26 3/4 27 y2 27 27 1,300 25 24% 25% 9S 25% 2,400 95 *94% 96% *94% 17% *i6y2 21 *203A ; preferred.:—— , Inc——'—<, 13% 13% 12% 12% .•34% 34% 34% 13'A 12% 12% 34% 39 34% *34 41 40% 7% 7% 7% preferredpreferred- $7 common; —! CUrtiss-Wright Class A : Sons Inc 7% pfd Cutler-Hammer Inc 23% 23% 23% *62% 65% *62% 39% 38 3/s 39 35% 34% 34% 700 39% 40% 39% 39% 1,100 Delaware 7% 7% 7% 7% 6,600 Delaware Lack 10% 11% 11 11% 3,000 Escrow ctfs for com 8,000 Escrow ctfs 6,000 373A 373/4 23% 23% 23% 233A *62% 67% 67% *62% *24% 245/8 600 *16% 17% 200 De 24 24 *233/4 24 38 37 37% 37% 700 44% 44% 44% *43% 45 800 *18 3A 19 600 17 24 23% 24 38 23% 39 *38 43% *43 43% 37 *19% : 19% 19% 19% 19% 19 Va 18% 19 15% 15% 15% "15% 15% 15% 15 15% 38 38% 38% 39 52% 52% 53% *26 Dome 35% 36 20% 2OV4 20% 20% 20% 20% 58% 59% 59% 59 Ya *58% 59% 58 583/4 37% 38 37% 38 37% 363A. 37% 37 x20 112 112 112 112 112 112 111% 112 103 103% 102% 103 102% 102% 1023A 103% 800 9,500 700 112 102% 102% 2,900 17% 18 173/4 58 3A 37% 583A 36% *111 17 5/a 2,400 200 18 18 17% 18 Ya 17% 17% 94'A 94% *94'/a 95% *94 ya 95 y4 *94ya 95% *94 % 95% *12% 13% *12% 13% *12% 13% *123A 13% *12% 13% 34 34 33 189% 188 190 34 188 106% " 106 106 Ya 106% 111 in. 111% 112 14% 15 14% 14%: 1043/4 105 112% 112% 60 *14% 14% 2,000 14% *106 *110% *i4% 14% "1113/4 128 15 700 58% Jun 43% July 28 20 31% Deo 33% Oct 42 y4 July 0 25 % 10% Feb 1 60% Jan 16 Ya Jan Sep 6% Oct 14% Mar 24 39% July 28 27 % Mar 25 , Oct 60 13% July . Apr Feb 28 Oct 23 13 Jan 60 4 77 7 19 3 19 14 15 22 47 2 50 2 18% Jan 2 14% NOV 30 40% Sep 18 28% NOV 62 24% Sep 25 19% Deo Jan 2 15% Oct 24 Aug S 23% Sep 39% May Jan 17 34% Oct 60% Apr Jan 25 42 Aug 13 16% Sep Oct 60 24"% Feb 31% Feb 16% Deo 54% Apr 8 48% Sep Feb 10 25% NOV 34 Jan July Apr 62% Jun Mar 48 37% May Deo 29% Feb 16% 18 Jan 76 34 Ya X23% Sep 39% July 25 211/2 Jun 63% NOV 7 108% Mar 42% July 24 111% 14 Deo Oct 118 Jun 103 7/a Aug 28 May 16 22% Jan 30 15% ,—100 91 Jun 3 98% Feb 19 91 Oct 33% Jan 116 Apr 41% May 10 % May 19 19 Feb 10 15 Oct No par 25 Va Apr 15 34% Sep 24 25 Nov com—20 No par 173 May 27 1243A Jan 13 197 July 8 161 Oct 227 Jun 129 % Aug 4 124 Deo 133 July 103% May 28 11 Spo 12 1071/4 Sep 3 115% Jun 19% Mar 9 112% Oct 116% 3 13% Sep -1 Duplan Corp_ 112% 105% 112% 127% Dec 22% 45% Mar 38 % Feb 14 International-.: Du Pont de Nem (E I) & Co Preferred $4.50 series— 500 Nov 50c common 3%%, conv preferred 1,900 106 106% 128% Industries Dresser 2,700 127% 128 *127% $4 preferred series A_ $3.25 2nd preferred Dunhill 127% "127% 128 127% Douglas Corp__ Dow Chemical Co new 34 187% 189% . Mines 188 34 34% 34% 188,% 34% 34'% 188% 190 34% Apr 17 11 II41/2 Feb Doehler-Jarvis 5,600 36% 20% 16% NOV 111 Jun 19 102% Sep 8 2,100 20 3A 36% •23% Feb. 11 20% Feb 26 34 36y8 July 21 No par No par 353A 37 20 No par .—No par 5 Co Pepper 1 Sep No par common—15 353/4 26% 35% I A Class 98% Nov Nor 17 July 29 Aircraft 200 May ,i No par 300 26% July 45 el Ltd 53 26% 145 May 19 19 22 25 Va Apr 7 283A May 19 16'A May 14 45% May 27 36Va.Sep 8 53 Dr. 2 2 No par Ltd-. common 27 39 52% *26 25 Co— Car Corp-Seagrams 800 37 36% Distill Dixie Cup Co 39 27% *27 - 12,600 No par common Motor T Aug 17 -12.50 partic preferred— 6% Diamond *38 52% 26% 27 Ya 15% 14% Match Diamond Oct 101% July 24 8 May 17 10% May 17% Jan May 20% May 35% Apr 43% Jan 18 Jan 11% May 25 May 49 May 1 Raynolds class A Devoe & 23 Aug 59 -5 53% *37% 39% 52% 38 52% 2,600 34Y4 Feb 16% Nov 23% July 14 35%;jan> 0 63A May 19 —1 Co Vilbiss 12 Ya Oct 31% May 36% July . 101% 213/4 July 25 20 Detroit Steel Corp 17% 24% 17 Sep 17 Sep 26 253A May 19 —100 — Detroit-Michigan Stove Co 24% 13 Ya *24% 17% 39% 2,200 13% 24% 12% 24% 30 5% May 19 _100 pfd—— Edison—— Detroit Oct West RR & Rio Grande for 5% 91% Deo 1 13 34 Sep 22 32% May 19 50 Apr Feb 76% 18 31 Detroit Hillsdale & S W RR Co__100 13 13 & Western 13 12% 17% 44% 67% Hudson Jan 26 146%. Feb 25% Deo 23 26 33 —No par ——-20 100 — & *16% 12% 24% 18 24 Preferred Sep 128 Apr 10% Feb 123A Sep 25 11% Sep 26 50c —1 35 12% 44% 1,800 5,300 Deep Rock Oil Corp_ Deere & Co common Jan 17% Feb , 50c \ Decca 39% 24% 39'A 3,900 2,900 40% 12% 23 % Dayton Rubber Co_ :1'-— Records Inc__i—_ 13% 12 60 ' 20 993/4 Sep 123A > Oct Mar 132 Sep Noy 10 26 3A Sep —100 11% 106 Mar 24% July 82% May 103 Sep 96 % Jun series B 12% Oct - 45.!.! : 6% Feb ; 16% Jan 16 7 Jan 28%; Jan 16% Nov 7 Feb 143A May 20 —100 Preferred 3.75% 13% .95 20 y4 Feb T 46% 165 18 Mar 12 12% Feb 18 54% . 210 39% *62% . 993/4 233/a 173/4 Sep Apr Feb 150 115% July Jan 160 7 19% Aug 26 91 Apr 25 99 Denver 67 ..v: 1 series A, 33/4% pfd . Feb —100 36% Jan 101 18% May 17 series A 36% Oct 2 4% May 20 12% May 21 129 _100 common 35 24% *17% Cum * . Preferred 3.75% 23% Oct 17 % 0 21% Jan 70 Dayton Pwr & Light common- 35 22 34% Jan 165 6 230 X23% Deo Jun 56' 1,700 39 Deo 88 % 18 2,600 35% 35 35 34 Dana Corp new 34% 7% 29 139 —No par 12 3A 11 110 29 Jan Jan 16 _1 — 34% 10% 10 8 13 06 40% Apr 110% Feb Sep Sep 113 Ve Jan No par No par ,_1 . Prior 35 7% 7% -• 9% 10 10 103 19% Feb 34% *40% Oct 66 38% > 35 *39% 25 10 Ya May.14 No par com- i2ya • Feb 8 37% Feb 24 Jun 21 - 54% 39% May 17 6% May 19 fThe) Co 35 38% 34 40% 993A *99 Deo ,5 Pub Curtis 34% 33% 39% 39 t 15% Sep 30% 99 Jan 47 128 7 90 Davega Stores Corp N Y 5 Davison Chemical Corp (The)—_1 30% 993/4 *99 99% 13% 12% 99% • 13% 12% 30% *99 - 90 Jan •99 ya *30 30% 100 J 99% .13% 203A 21V* • 30 *99 100 •99% 100% *99% 5 99% 100 *21 30% 30% 30 Va 30% *16% 17% *16 21 20% 21% 21% >100 17% *16% 17% *16% . 17 ya 62 106% Feb 24 30 May20 13% May 19 100 D 96'/a Oct Cunningham Drug Stores Inc_—2.50 Cuneo Press J"- ' Jan 32 33% Jan 2 22 165 —100 , Cudahy Packing CO com new——10 4Vs>% 35% 8 Jan 43% Feb 105% May 19 22% May 19 78 y4 Sep 15 —100 ;« preferred Cushman's 135 ya *130 -135% *130 135 i/a *130 *130 preferred 7"/o - 17 *17 *50 10% 4,900 . 100 *98 100 52% 52% 16 3/s 16 Ya 16% *98 3A 18 55 Va 1 -• 16% 16% 100 *98 100 *17 17% . *52% * 165 16% 16% ,16% . : • 165 165 165 180 >*165 : of Amer com__No par RR 6% preferred —100 Cuban-American Sugar common—10 60 180 *165 180 *165 preferred $4 2nd Crucible. Steel Jun share Sep Apr 29 5 . $ per 28 52 % Mar 27 10 Jun $ per share $ per share 30 313/4 May 19 No par *105% !»'*•<> a" ?, 2 No par com preferred-..— ^\>105Ya '* 115.V2 lie *' ' 2*?% 28 16% closed (The) com Crown Zellerbach Corp *31 stock Seal & Highest Lowest Highest . $ per share 47 *79% ' Par .. 42 42% Lowest ■ • Range Since January 1 > .. EXCHANGE Shares $ per share STOCK NEW YORK Sales for the Week 24 ya *23% 41% "< . $ per share share $ per share per Sept. 25 Sept. 24 Sept. 23 per $ Range for Previous Year 1946 STOCKS Friday Sept. 28 Thursday Wednesday Tuesday Sept. 23 Sept. 30 $ per share HIGH AND LOW Monday Saturday RECORD STOCK YORK NEW PRICES SALE Monday, September 29, T947 CHRONICLE & FINANCIAL COMMERCIAL THE (1264) Preferred $3.50 series No par 1st pfd——100 Cigar Corp 5 Duquesne l ight 5% DWG 14% May 20 58% May Feb 21 May E LOW Saturday Sept. 20 t per *-• , share Wednesday Sept. 24 $ per $ per share Sept. 25 .523% 23% *23% 233A 19 193/4 is '/a 18% i8 18% 18 3/4 19 18% W?. 19% .;,4 ■ 23 23%;,:23% >18% 44% 43% -,»v t „43Ya 191 193 *191 49% 51% 20% *50% 20 y8 20% *101 102% 102 17% 17 17% *106% 108% *5% 54% 13 38 13% *36% *191 50 *49% Ya 1 20'/a 20 y4 *101 103 17 17% *105 107% 5% *53/a 54'/a 53% 123A 13'A *37'/a 38 2% 18% 2% 2% 23/8 18% 2% EXCHANGE CLOSED 53 13% 38 STOCK 5% 5% 54% *106 •42% 433A 191 18% 19 Va 18% 165% 166 167 154 155% ' *53% *152% 43% 193 50 20 Ya 103 17 107%' 51% 54 135/a 38 23/s *165% 166 *152 156 53% 53% 54 *16% 16% 163A 16% 55% 56 16% 58% 58% 56 59 13% 13% 13 13% 13% 13% 183/4 49% *191 ' *493/8 49 s/8 20 *20 20 102 17 *100 ' 17 17 *105% *105 107% 5% 53/8 5% 53'A 53% 38 *2% Eagle-Plcher Co.;—— Eastern Airlines Inc_—,J. 2,800 Eastern Stainless 44'A 10,100 20 193 50% 500 20>A 1,000 102 1,400 2,400 200 23/a 18 'A 23/s 1,600 18% 32,200 166 164 166 152 152 56% 13% 54% 54% MOO 17 16% 16% 300 56% 56% 13% 13% Electric Mfg 600 Radio 16% 14 y« 14'/a *13% 14 *133A 14 13% 13% 33% 32% 32% *32 323/4 32% 32% "104% 107% 104 104% *103% 105% 130 3% 9% 33/a -3% 33/a 3% 2,800 51% 513/4 *104% 108 *106 3% 3% 16'/a 3% 107 ■3% 9% 9% 51% 50% 51 71 9'A 51 *65 67 67 9% *64 9% 69 *, '•) fc. ■ 93/a 50% *50 5/a 52 1,000 66% *63 66 10 8 3/4 4,900 5% Erie preferred series A Pittsburgh RR Co & 500 Eureka 600 8% Evans Products Williams 100 50 Corp——-——5 13% Sep 26 May 7 2% Jan 2 102 8% May 14 47 /a May 19 67 Sep 23 7% May 17 13% 14 xl3% 44 44 3A *44 11% 11% *11% 12 300 Exchange Buffet Corp— 503A 50 3/4 3A *50 y+ 51 900 Fairbanks Morse & Co——No par 44 29% 29 *28% 29 1,000 25%"Jan 16 13% 13% 13% 13% 14 46% 45% 45% 44 44% 12 *11% 11% 11% 11% 50 9 21% 21 13% 2,200 Eversharp Inc 44% 1,500 Ex-Cell-O —5 Co Corp w 1 3 2.50 May 19 18 .'12/2HayH 32 Va May 19 7 May 13 Sep 16% Nov 31 Ye May 30 Ya Jan 61 Jun 190 Nov 209 Aug Feb 39 Oct 23% Dec 11 25% Feb juft May 71 Feb 40% May 112 101 Oct 111% Feb 17% 106% NOV 87/a Feb 6Ya Nov lb% Jan 13 50% Oct 80% Feb 12% Deo 353/4 Apr 10 34% Oct 48% Jan 3% Jan 14 19% Feb 8 3Ya 13% Dec Feb 27% Feb 65% Feb 16% Feb 39% Jan Oct Aug 277/a Deo Feb 114 7Ya Jan Oct 29 Ya May 138 Sep 180 Ya May 24 128 Sep 167 55% July 14 40 Oct 66 Ye Sep 61% Jun 171 July 24 156 Va Feb Jan 3 16% Sep 11 21 45 Va v'-'iV * 9% 9% 50% *63% 4% preferred 100 tEquitable Office Bldg-i.——No par Erie RR common —No par 57 109 47 27% May 17 iy 3 30 196% Feb 27 19 463A May 20 9% May 19 13 May 19 Jan Highest $ per share 487/a July 23 20 26 9% 12 • *87/a *20% 500 1,100 51 8 20% *20y4 9% ' Co-— & Phonograph $ per share 25% Aug 18 241/4 Apr 29 *8% 9% 21% 21 9% / Paso 333A May 2 Sep 11 'A May 152 May 137 May 20% 9'/a 21% 13%, *9 3% 3 -4 5 Empire District Electric Co 10 Endicott Johnson Corp common—25 Natural Gas- Emerson x33% ;—15 Elgin National Watch Co Emerson 14% No par Battery Electric Storage El 33% 16% No par No par 2,200 14% com—No par preferred $6 preferred 2,000 *33% No par $7 13% *16 16% Electric Power & Light 56% 16 16 17 *16 common Convertible preferred 800 54 54 *16% Boat -5 3 (The)— Elec & Mus Ind Amer snares-. 1,300 155 *152 Elastic Stop Nut Co Electric 135/a 5 100 1 preferred Electric Auto-Lite 37% 100 ; Ekco Products Co common— 1,300 13 5/a 100 4 Inc common—1 preferred 4%% 53 *37% 2% preferred Bros Stores Edison 4%% 300 common Eaton Manufacturing Co 107% 53/8 Co cumulative 6% 20 17 Kodak Eastman 19% Jan .16 17'A May 19 18 May 19 42% May 17 182% Jun 6 423A May 17 19 May 17 101 July 31 15% Aug 29 107 Aug 28 43A May 19 50% May 17 10% May 19 i^l --—5 10 Steel Corp Year 1946 Lowest $ per share ipershare U0 1,700 3,900 14 18 3A Par n 18 38 *135/8 17 53 * . 183/4 * 43% 43% *100 18% 165% 17% ,19% 193 165% 53% 54 43% *191 19 155 16% - Shares .•/' 23% 18 y4 ., EXCHANGE Range Since January 1 Highest" Lowest NEW YORK STOCK $ per share $ per share share Sales for the Week Friday Sept. 28 Thursday - 19,;, 19% .it'%. „ ■ Range for Previous STOCKS PRICES ' -jr? 23$ 23% * " fc SALE Sept. 23 $ per share , HIGH Tuesday Monday Sept. 23 * AND July Jun 24% Mar 19 Sep 12 44% 15% Feo 21 11% Nov 30Ya 21% Feb 0 17 Ya Deo 43% Mar , 19% Jan 8 17 Nov 21 Ya Oct ; 38 2 104 Sep *' Jan ; 59 : 107 Apr Mar 24 4% May 2 Ya Jun 5% Jan 9% 5 3 12% Feb 111 Oct 23 Ya Jan 67 Feb 3 48 Oct 93 Jnn 85 Mar 25 90 Oct 95 Jan 10 Oct 22Ya Jen ; Oct 13% Feb 8 24% Feb 7 15 Ya 25% Jan 7 21% NOV 333/a Apr 58 Ya Apr ! 46% Sep 22 34% Oct 63 Ya Jan ] 13 % Aug 6 Oct 11% Jun ) 7 ! J F -51 29 51 *103 29 »A 7% ; 51% 29% 6% 7Ya 25% 7 -25% . 51 29% Ve 25% 25% 106 *36 y >103'/a 36% 106 35% 36 '6% 6% 65/s 6% 6% 63A 3,800 Fajardo Sugar Co of Pdrto Rico—20 Farnsworth Televis'n & Rad Corp__1 25% 25% 25% 25% 253/a 25% 7,400 Federal *29% ' ' ♦103% ♦35 -18% . ; 19 ''llVa -25% 11% 10% 11 11 25% 24% 24% 24% *18% 108 *106" *21% *106 22 " *21% 22% *22 19% 108 22 y *18% *106 21% 106 36% 18% 11 -243A 108 21% 29% *103% 36%' *103% 106 36% *36 '">• 105 $6 Federal Mining & 800 Federal-Mogul ' 2,500 - 183A 183/4 10% '18% 10% *10% 11 23% 243/s 233A 24 *106 *21 108 - 21% *106 is y2 700 .. 108 21% 21% 23 700 22% 22% 22 3/4 22 3A 23% 23 52% 52% 52% 51% 523/4 52% 53 52% 52% 1,500 51% 50% 51% 50% 503A 50% 51 50 50% 2,500 *103Ya 104% 106 105 *104 104% 104 104 57 57 Ya *57 '59 15% 15% 34% 35% 107% *104 105 2,000 200 *" -57 57 15% 35 Vb 35% 107% 107% r -» 1 (*33 - 35 *107 *33 35 15% 16 35 35% *107 1073/4 *33 -35 57 *153/4 35% *107 *33% 57% *57 Federal Motor Truck—1 Ferro Enamel 4%% preferred 575/8. 600 First National 153/4 2,900 Firth (The) 35% 34% 353A 107 *33% 107 6,600 630 35 Corp Stores- 14% No par Flintkote Co (The) common—No par $4 preferred L ! No par Florence Stove Co 14% For 14% 14% 14% 143/4 14% 143A 14 3A 2,700 Florida *22 y2 24 *22% 24 26% 27% 26% 27% 263/4 27 26% 27 4,100 Follansbee 10% 10% 10% 10% 10% 10% 10% 10 10% 1,200 Food Fair 24 27% 10% 14% 27% *22 Yo . footnotes see page 23. *22 y2 24 *22% 24 -100 ~No par Carpet Co— * ,4 1 Fidelity Phen Fire Ins N Y——10 Tire & Rubber com 25 Firestone 153/4 35 No par Federated Dept Stores com—No par 4 %%-convertible preferred—100 Felt & Tarrant Mfg Co— 5 16 1073A — No par Smelting Co .2 Corp new~5 l 300 52% -15% preferred - 37 51% *22 Light & Traction com—15 Power Corp— No par _T% Florsheim Shoe cl&ss A——_Npjp&r Steel" Corp -10 May 19 4"% 20 Va 102% .32 18% 9% 19 104 20% 20 % 463A 42% 104 51 % 14% 24 105 30 May 19 Apr 19 Mar 19 May 16 Sep 5 May 19 Apr 18 Sep 8 May 17 May 20 May 27 Jun 5 Sep 16 May 20 May 27 May 19 May 21 May 19 14% Jun 13. May 29 14% Jan 13 ..18 30 47% NOV 88 31% Feb 1 21 Ya Sep 36% Feb 9% Feb 7 7% Deo 19% Jan 25% Sep 22 20 Sep 26% Jan 29 42% Mar 7 100 Ya Sep 112Ya Feb 60 108 Jan Jan 35, Oct May 54% Feb 23% July 14 10 Ya Oct 28% July 23 21 Nov 107% Jun '12 104 Sep 14 % Feb ' 26% Feb 26 Ya Jan 59 Ya Feb 61 Feb 107 y2 Aug 8 19% 4 Sep 28 49 Oct 21 51 Nov 105% 7 Dec 60 Ya July 23 52 Nov 29 16 NOV 21 Ya Jan 25% 37% Jan1 2 110 Ya Feb 25 105 0 33 Ya 17% Jan 1 6 16% 41% Jan 24 Sep 16 Jun 34 Ya Aug Feb 13 , ; , Oct Sep Oct Sep Oct 34 Ya Mar 70 Feb 83% Apr 109% Jan 70% May 28% July 46% 115 Jun Jan 67 Apr 20% Jun 11 Ya Jan Jun 21% Feb 12 Ya 23% May 20Ya Aug 28 28 % 15% Feb 21% 108 10 . Stores-Jtoct—® "~M&y 17 | Feb Oct 29 Volume 166 Number 4633 THE COMMERCIAL & FINANCIAL CHRONICLE (1265) V .I'lfUM NEW LOW AND HIGH Saturday Monday Sept. £0 Sept. 22 # per share SALE Sept. £3 per share i Tuesday t PRICES «♦ - YORK ^ «• - STOCK ' """ At * RECORD "" STOCKS Wednesday Thursday Friday Sales for NEW YORK STOCK Sept. 24 • Sept. £5 Sept. £6 the Week EXCHANGE # per share per share t per share" '$ per share t per share Par ' 733/4 '77 ♦75 ft 76 106 *104 107% u.24% 24'/2 • 23% 25'/a 25'/a • *25% 16%" 17% 39% 39% *13 23'/a 24 26 25 v 24% 25% 25% 16%- 16% 20% 91Va 92'/a 93 93 16Va 14 • 20% 16 39 V2 39 14 21 2.200 ' 2,200 1 2,200 500 Freeport 9,200 Fruehauf Trailer 92 *91 Va 92 Foster-Wheeler 590 217/a 14Va 22% 21 92 A ' 39 'A *14 *13% 22% ♦91% 16Va 39%- 39% 14 320 24% 25% Food Machinery Corp—:— 3%%' cum conv pid— 1,300 104% 103 24% 16% 20% 104% " 74% 25Va 39% 20% 74 24% 39% 20 '/a 75 103 26 *25% 16% 13 Va -14 75 106 39% * 75% ♦104 16 14 - 75% 106% 1 92 __100 -6% prior preferred— Francisco Sugar Co ; Su.phur No par Co—^ 10 140 100 4% cum preferred / 12% Jun . common——1 Co 4 8 22 Jan Sep 100 * 19% 25% 20% 46% 2 t per share 71 18 39 19. Jan Highest S per share 26% Jan 16 26% Jan 6 80 % Feb 10 16 19 Va Sep 91 Va Sep Froedtert Grain &• Malting Co Inc-1 Year 104G Lowest 94% Jfcn 7 110 July 24 29% Feb 13 19% May 17 23% May 23. 12% May 20 36% May 19. 25 - S per share 17' 69% May 102% Jun .10 common—10 Corp Range for Previous Range Since January 1 Lowest Highest Shares NoV 49% Jan Sep Sep Sep 28 Feo 35% Jan 61 Jan 16 NOV 28% Nov 103% Mar 10 >0 Apr' 27% May 48 Jun 112 Sep July • 9% CLOSED 93/8 *9% 87/a • •" 9 Va 8% 20 ; / 19 "Va 20 *14% 15% 4 18 % r 53/4 :• 19% 14% 14% 25% 181 11% 79% 41% 25% 25% 151 37% 39 102% 12% 48% 48% ♦127% 128 113% 111% 59 105% 106'A 17 17% 2% 14% 13% 26% 25% 4% ♦125 4'/a 28% 4% 27% 28% 110% - *29% 111% 30 25 *24% 25 •101% 24% . 102% 101 % 92 ♦89 28% 28% 22% *96 ' - r 27% 23% 22% 96% • . 44% 45 : ■ 57% 57% *57% 6% 6% 6% i 123 123. 28% 44% 26% 55% 102% , 90% *121 54% . • 44% • . 106 21% 3% *3% 3% 6% 6% 6% 35 20 27 34% 19% 27 % 'tr-'i a* • V v 104% 11% 11% 33 15% 40 40% - 23% > 1*62 64 3A 15% 10 28'A 6% 67 15% *127% 116 57% 58 126% 57% 2% 57% 20,600 126 126% 103% 104Vb 16 17 17 3 13% 16 16% 2% 4% 4% *125 4% Precision Gen Public Service Gen Public 200 Gen 4% 4% 28 27% 29% 29% 110% 110% 111% : 28% •27% 23 45% 6% 6% 54% 45% 44V2 6% 35% *34% 19% 19 Va 1,700 : 1,200 " . 26% * 104 26%. 104 11% 11 33% *31 15% *6 19% *107/a 15%' 16% 39%" " 22% 155 155% *62 *154% 64j/4 32% 16 • • 156 64% 32% 15Va * I per share 6% Ry pfd — Green (H L) Co Inc Greenfield Tap Greyhound *88 12 45% 15 *88 90 15% New ' 12 ' 6,700 47% 900 67 % 66% 67% 8,900 15% 1 ^ W' .; i 15 f m t ' * a 15% Feb — Aug 20 - r — 104% Jun 30 . Feb ' t r preferred 47 Jun 132 Feb 6 Mar 123% Apr 7 i 106 109 106 Oct #6% Deo 88 May 6% Nov ; 110 Jan, 8'A Jan 1513A Nov v Apr May Jan Nov 473/4 May 4 * 59% Not Sep 107 Mar 80% NOV i 77 Apr 88% 100% 108% 113% Sep Apr Jan Jan 10 10% Nov 43 8% Feb 2 8 5% Oet 5% Oct 30% Mar 181 Jan 12% Jan 8% Mar 27 - 41 Jan 2 . 20% Sep, 3 83 ofi'iu.web ; 18 21-' 25 Nov 101 Nov 40% Jun 112 Feb 10 12% Dee 13% Dec ra'.l 33% Deo 35 16% Sep 25 49 7» J?UD Feb 6 Sep 26 ' 21% Mar 21 40% 84 Jun 34 3A Jan 188% Apr a Oct 22% NOV 158 Oct 55 Oct 35% Aug 22 16 . Dec 13% Deo ; J 27% liar 8 / 163% Jan 27 70 Feb 84% May 27% Feb Oct 28 8 Mar 14% Feb 12% 10 Jan 107 May 10 May 2 Mar 28 ' Apr 11 21 Aug 24 25 Jun 108 27 July 23 61% Feb May 19 Jan Feb 18 71% Feb 5 9 Sep 42% Apr Oct ; 33 104% Oet Jan 03 7 ,, Jun, 118 36% 2 17 0 Feb 60 100 Sep . Apr 111 Oct 32% Nov . 58 ■. July 49% May 463A 22% Jan 102% Deo 6 49% Jan 13/ Jun July 29 100% Jun 10% July 11 27 6 105% Feb May 27 4% May 14 28% Sep 8% Jan 17 78 -No par Feb 79 Feb 30% Dec —} 20% Deo May 17 Oct 111 Deo 52% Apr 8% Oct 13% Jan July 16 14% Feb 3 * 80 Nov 108 9% Sep July 22 31% Oct 78% 74 Aug 5 66% Sep 16 Va Sep 12 15 No par Jan 30% 49 ff7% Anr 25 Apr 23% 93 6% May 19 102% 18 10 31% May 21 No par Aug 14 6 Jan Jan 78 May * P '> * ■ . * ' Jan •6 7 Jan 103 May 14 9 No par - preferred » Feb Jun 102% Sep 106% Jan 20 15% Sep Aircraft Corp— Gulf States Utilities Co ?• 113/4 26% 106 " 6 32 Apr Oct Oct 28• Mar 31 142% May 22 59 May 12 100 Gulf Oil Corp— '6,800 180 90 % .4% " Apr 18 40% Feb 11 32 22% Jun ——1 new Jan May 48 (The)— Corp conv $5 i u Feb 98 Sep 34 % May preferred Grumman $5 11% 46 15 « 106 May 27 13> ' Die Corp—No par & __a 4%% •. 12 46 67% 66 % 15% 90 11%46 - 27 31 Gulf Mobile & OhiC RR—__No pair 90 26 28% Aug 20 Jd% Jan 23 8 9 « 100 700 ll7/a Feb 6% Feb 7% 23 aA May 24% NOV 137 Oct 22 102 -No par 6% AND HIGH SALE $ per PRICES ' share Sept. 25 f per 35% 15% *15 *15% .. ' 15% *98'A 108'A 24% 101 *108 25 *150 33 *7% -*89% *150 155 32% 7% 7%' 7% *89 % 92 -- 7% 6% 6% 6% U6 26% 100 l/v 26 25 •104%, 106 y , 53% 148% .*18% \ 51% .131% 105% 53% 55 148% *146 ;. 19% 34% 35% 128 Va 128% ♦21% 11% 35% 128% 22% *26 25 . 11% 11% ' 29 29 26 25 . 12% 29% - - 17% 18% *16 . 18% 44% 44% 17% 48% *18 : -rr . r" ' 11%. 17% 30 27 Va , *16 v:: 17 48% 48% — 45 ■' • 17% 16% *16 18 *48 16% " :49 : l-.iU -- ~ rL"T . i 37% :■■■■■: > 23 113/4 ; - 3.65% 20 Glass.Co—- Co J) 5o W) preferred—: $4 77 J "■■■-.. preferred— ■ 4% 25 Ve 25 22 99 % Sep 35 25 conuNo par 19% Feb Sep 25 4 15 Oct 17% Oct Feb 4 39 % Jan 6 jJan 8 8 Nov 20% Apr 8% Feb 11 35% Jan 8 30% Jan 2 19 16 21 103% Apr 14 26 42% Feb ■ 13 108 : ? July 14 19 • "•08 Jan 29 ' Jan 22 22% Feb •. 8 165 5 : Feb 134 : Mar 21 Sep 19 38 Sep 17 134 Sep 5 4 20 Sep ' 5 29% Jan 26 Jun 11 32 Feb 22% Apr 17 29 Jan 29 31% Jan 2 The———.1 (Del)—-.-.i - ' "$2.25 1 ■ ... • preferredr .> . , . — ■ . : - • ' J ' 21% May 20 —5; Hollander & Sons, (A)J-—. 5 Holly-Sugar Corp——:_C No par Homestake Jtfining-1,— i___l.12.50 Houdaille-Hershey' com^—:i-No par -50 Oct 5% Nov 29 % Oct 28% Nov 101 Nov 41% Deo 103. Deo 01 Oct 169%, Dee 17% Nov Jan 15% Jan 36 Dec 51 May 1093A Mar 44 105 % Dec Dec 90 Jan 192 Aug "38% Jan 72% 130 Jan 139 Apr Apr 123 Nov 146% Jan 22 Oct 46% Sep 17 May 19 35V4 Jan 23 13% May 19, 46% Apr 15 26. Nov 21% Sep .22% Oct 39% May *43 41% 37% 18 Deo Jan 23 22 Jun 13 34% Sep Sep 19 % July 17 - May Apr J»x 40 25 48 14V4 May 28 -- > 8 25 119% Jun Hires E) 60 Va May Feb 12 19 3 10 (C Aug 16% 106% 13 Va July Co Nov Apr 343A May 170 Sep 10% Jun 23 Holland-Furnace 33 , Jan Apr 99, Hotels Corp—5 Hinde & Dauch Paper Co—10 * 20% Sep 151% Nov 109% Aug 3 63 34 105% Jan 24 26% 119 7 9 > conv Oct 10% Feb 131% Jan 1G , 103 40% May 100% Apr Aug 22 14% May 17 50 V4 Sep , Highest S per share NOV 22 , 20 147 ■- 38 Jan 19 3 U 108'A Sep 12 25% Aug 5 160 >Jan 27 17 19 1 per share 112 May 16 527/a July -100 No par ——100 new 105 100 Hilton 1,700 200 8 preferred;—-—'__No par Hewitt-Robing' Ino——————5 l,800r - Motors—*—:— Hershey Chocolate 10o ,—.. V, 6'A 88'A common—-——25 common—— non-cum 5% 1,000 - 28 y4 July May May Aug May May May May Jan Lowest 19 May 27 Apr 15 19'/a Apr 155 100 preferred,— cum (G 7% -100 j 104 common———j——15 preferred— (H ' 1,300 49 : Heinz Helme 4,200 "• 200 , 45 ." ■" Co 3%% *100 16%. ••16%. *48. Hecht 2,600 r 127V2 " 98 Marx——10 Hercules - 24% ^9% M6%:. & 39 143A May 27 100 Hercules Powder common_^i_No par 27% .45.^ *48 V .. 133% 30 v 30 "200 *.16%: 17% ,v173/4; 18 ■;. , 18 Jun 2,700 - *24, - 17% - 52 *26 25 Hazel-Atlas 160 19 , 600 40o 148%' 14 com._No par Refrac Schaffner 900 , *28% 271/2 [Ki'J . 11% , it A 11% 45%.. . ■ ;; " 243A 18% .45 127% *22 -*28% . 30 -*26 24% "18% . 23 11% 39 55 —5 Hayes Industries Inc.—_———1 Hayes Mfg Corp—— 2 20 105% *18%, 128 - 24%' 18% 127 *22 23 *28%' 25 *146 18 ■51% 52 ./•>'? 52 *131% 133% *131% 37% 38 37% 37 *26 26% 16% —j For footnotes see page 23. 4 39 *54% 16 No par com preferred-——-, 300 - - 99% :*105 • 148%\ . 26'A 25 99% 55%; *146 129% 11%, 44 %v ,.45'% .'}.-. 17% 48% % 35% ,.j 39% 105%, 55 51% *21% 22'A 39 105% 18% , 50% 129% " 25 v. 39% *131%-133% ; 35'A - . • *26 *24 % 148% *127% • 23 26% 25 100 55% *18 52% 27 *29 *16 18%.. 51% *131%. 133%i; 2,300 25 Apr Corp of Amer class A———1, 4%% • preferred —-100 1 1,300 6% Co 33 Hat ; 7% •99 105% 400 * 7% 25 *146 t ' *26 7% 91 $ per share 25 preferred———-—100 (M A) Co $4.25 pfd__No par Harbison-Walk —6% 400 Hart, 6% - 100 55% >148% *i8 52 132%. 26% . ' Watch Highest $ per share conv Hanna 2,800 33 *7% 6%. 105% 55 *32V2 7% 6% *38 Va" 105% - 7/2 *99 39%' < h7-- 7% lo 24%'. (W F) 4% —_ - 155 *88 . 6% *24 Va 100 *39 24% 92 6% .♦26 25 *99 39% -* Printing Co Hamilton 108 *150 7 Va 26 *24% 100 *39 99% Hall 200 101 7% 92 200 15% *98 32% 7% *89'/a 7% .,*24% iM, **7% " - 7% Water *107 155. *32 Hackensack Year 1946 Lowest Par 200 . Range Since January t EXCHANGE 15'A 15 % 24% 150 32% ' Range for Previous STOCK NEW YORK Shares 35% *15 108 24% 155 32% 15Va • ,92 ,7% 6% . 247/a *35 15% 101 108 Bales for the Week tper share 35% - 95 108% ♦150 .. , *15 101 24% . 33 15 15% . *108 24 % 35% 15% 15% Friday Sept. 26 . t per share 35% ♦96' 108% 24% 155 *32 STOCK share *34% 15% 15'A. STOCKS Thursday Sept. 24 *34% 101, ' • Wednesday 15% *108 i'.-jV Northern 6'% 45 Va Oct • 12% May 19 253A May 28 + ——100 -1 Guantanamo Sugar common— .1 ♦88 Oct 140 17 19 6 pfd—No par conv 2,800 66 1 'U '! cum 27% 12% 2% 14% 17 81 - .100 27% 35% 15% * L_ preferred 27% 45 19 3 5- ' 330 6 Feb 4% Feb 16% Jan 31% Feb 105%, Sep 24 13% May 13 . _-.No par 15,400 90 May Sep May May May Apr Sep 41 % Jun 1 9% Tuesday Sept. 23 **98 h Co__ "Preferred— Green Bay' & Western RR— 500 6 Jan 22 par 102% 27% *34% 1 : r—:---10 9% *15 i — 102% 15 Sept. ££ I per share ' Inc 9% 103'/a 68 LOW ■ Telegraph Co:__M00. 9% 66 Monday Sept. £0 CLOSED 1 *102% 6% 40% 26 Feb >•' f Saturday EXCHANGE Co_-_:_i—: 9% 27 Apr Sep 25 May 19 51% May 6 5% May 21 —50 103 Va 6% Dec 29 19% Jan 96 34 No par 9% 27 103 17% May 19 preferred——No par Union $2.25 Gt 1,700 . t ' com— >102% j . "-5 Great Western Sugar com—,_No par 50 , 32 xl5% 132 101% Dee If Nov 21% Nov 16 Jan 102 —No par Gt Nothern Iron Ore Prop—-No par 3,000 *62 15% 124% NOV Sep 108 *102 .' ! «' 3,700 64% 15% Mar 25 107 Va 23% May 19 Grayson-Robinson Stores com—1 * 5,800 • ' 32% 32% • 129 2 13 92 Feb l < 101% Jun par 3%% 100 - 23 *154% 156 *62 32% ■16 *22% 100 Granite City SteelNo par Grant ,(W T) Co__———a—-5 400 > IB >16% 39Va v' 39% ' 21 Va Jan 80% Oct par cOnv Oct Nov par -240 11'A 39% 47% 24% Oct Grand 2,800 , 33 Va 22% 22% 11 32 Gotham Hosiery^ —No Graham-Paige MotOfs_:—— Granby Consol M S & P__ *•' 2,000 19% *32 22% 123 68% Feb 3 101 200 26% 33% " 39 %: "'40 ■- 84% Aug 135% Jan Sep 6 : 20o > *104% •11% - Jun Deo 114 Feb - .con^ii—No $5 900 6% 26% 42 126 *122 1 preferred———':__No $5 18,100 35% 104'% 54% July 11 131 % Feb 28 6 2 49 500 Peb 3 29 Goodrich CoMB F) : 400 4 *34% 26yz *11% : 20% r 104Va 4,900 105% 19% 26>/a 104»A - *31 15% 105% - 16% Mar 30 Goodyear Tire & Rub com—No ; 66% 36% Jan preferred-- Stock & Feb Oct Aug 21 124% Jan common— Goodall-Sanford M,80o 1 102 Va 3% Gold 82 19 • Apr Apr Deo 293/4 19 19% Apr 14 101% Sep 17 100 <The) Co conv 40 3A 182 101% 20 com—No par Razor com:—No par Goeoel Brewing 40 . 44V2 - 26 47% Aug Oct 33% 39% - *20% 6% 4V2% < : 44V4 35% GlWden 500 r 3% — Brothers Jun 28% Apr 16% Apr 907/a Aug Oct pfd—No par preferred-—, conv 103 May 19 18% $4.50 preferred-;.——^-No par 3,500 54% 102 - 4% * - 19% . $5 , Q 10c preferred Gimbei 300 .> 29 53% 21 3% *6 ♦34% i" *28 45'A 21 3% *6 34%., 58 . . 33A% GiHette Safety 1 48% Jan 27% Apr Apr 200 Nov 186 Apr 14% Deo Corp Corp preferred 7,500 - . 43% 57% *105%" 106% 21 '* 3% • { 3 19 1 $S Instr 4 % % . . *6%< 6% *121 :.:'122% • 122'/a 54'%" 34%102 Va 102 Va 105% 21 3% ; , 22% 96 Va , 45% ' 28 V2 ' 283/4 ' 103 45% 21% 102 22 Va *96 Cast Time 4,300 , 39% Feb No par preferred—— 100 Gen Tire & Ruboer Co com——-5 ___ 28 *99 6% *121 105% . 27% ! 7 Dec 71% 8% Sep 74% Dee *35% Sen 8 126 4%% 200 • ♦102% > " 45'/a 58% *58 27% •-28% ■ 28% 102 23 123 .53% 45% 92 Feb Jan 163/4 Sep 26 Corp General Telephone Gen -5,700 - 102 *89 96 *6% I 25% *101 96 58% - 25%■ 92 22 Va 45% 31 102 23 121% 55% 26% 28 44% 63/4 10 *99 *57% 58% 101% 96% ♦96 ' 101% 101% 102 23 „ 96 Va 45% 103V2 31 Steel Gen 200 *89 28 % « ; 25% 25% .. 92 *101 1,300 *24% 33 2% May 16 12% May 19 ^5 Utilities & 9 160 —„_10c Refractories- General Shoe -120 1 24% *101% 101 y2 *89 1 31 Realty General 1,300 30% 25 101% lllVa Gen 800 24% • 103% 25 103 110% 31 25% ♦101% . 4,800 28 29% *170 13 11 8 106 Sep 10% Sep 1 10 Corp.—No par Corp— Signal com—,No par preferred 100 6% 27% Equip Utilities 18% Jan 14% Feb 21% July Deo 48 83% July 16 47% Feb 13 13% May 20 Railway ' 128 29% 31 No par common-—No par Gen 28 *24% Outdoor-Adv Gen 2,800 series July Sep 51% Jain 125% May *101% Jan —No par $3.75 104 " 17 Jun 110 10 com 16 43 May 19 126% Mar 14 —100 preferred—i. 2,000 29% *110 103% 25% Preferred Corp 185 Dee 13% Deo 9 13% Feb May 19 Apr 28 11 —100 9,700 28 30% $5 900 29% " Motors General Jain 68% Jan $1 37% Sep 26 1013/4 July 30 No par common— preferred conv 15% July 28 109 Apr May 67% May 24 May 141% May Jan • 1 preferred— 1,300 , 2% *25% 128 Mills Corp 17 Nov 37 No par Jan Deo 7% 38 18 24 Nopai" com 29% 78 150% Sep 18 32 May 19 No par Corp 27 13% 50 Co 14 2% 14Va 27 8 Jan Sep 4 5 11% Jun 71 100 — Instrument 2,500 17 13%*125 ' 16% 17 *25% 128 4% 16 , 2% 14 27 ♦125 6% 11% 15% 5% 57% 5 ——100 preferred- 3%% 105 *25% 4% 27 % General 100 100 126% *2% 14 25% 2,000 $3.50 127 104Va 17 Electric General Foods 4,10o 115 126 16 General General 126% 16 preferred— 700 105% -105 19,900 46 %• 127 *111 % 58% 4% 77o - 12Va 46 128 *111% 45 68 46 128 116 27% *88 12 45% *127% *111% preferred.; conv 2nd preferred 26 17 3 17 Mar 21 2 Mar 12 168' par Corp__— 1st 200 12% —--No 18% May 11% Jan Oet 43% Feb May 17 9% *6% 45 % •• 10 General Cigar Co Inc com,—No par 70 4 4% 102% *102 5 103% 26% : 46 15% ♦102% 93 11% 12% 46 33% 9% 10 j •% 45 % 102% *12% •64%-.' 33% *88 38 102Va 12% 23 *62 1'5% ■6 % 37% 102 % 156%;, 33% 9% 38% 102% *12% 140 *155 15% 27% 38 15% 22% . 33% ♦102% 38% 11%:- 39% V .23% 1,200 - 600 38% , 34 15% 156% . • ' 35% Apr General Cable Corp conu—-No par 760 26 48 7 18% Sep 24% Nov 20% Sep X120% Sep 10% May 19 105 5 10% Sep 19% Feb 28 9% Feb 8 May 21 100 17 93/8 July 23 21 26% Aug 4 14% May 21 85 com—1 Investors Baking— General Bronze 700 151 3 4% July 22 j——hc—; preferred $8 5,600 40% 151 35% 27 ;:rju .*11% ?32 .156% . 26% 33 15% 104 *25% 36Va 19% *103,'' , , 40 Va 25% 151 $4.50 preferred 80 - 35% 6% ; 104% •> • 21% "... . • 40 «/a 25% 151 *17% Feb 1 com General 11% 36% 106 21% 35 40 Va 25% 151 Inc General Amer Transportation - 79 35% *102%. 103 , 45% 107 19% 25% 151 29 53% 102% 45% •106 26 Industries Wood 2,800 12% 11 Va *78 2 12% May 24 143/4 May 17 (The),———No par 1,500 181 Va *11% 11% 79 123 28 • 11% 79 92 *101% . 11% 79 41 101% *89 103 •101'/a 12 Vb *78% -25% ♦101% • 181% 12 X41 110% 30% 25'A 103 % 181% *178 79%" 30 110% 30% *24% •101% 10 Va- Co General American ___ 10 12% 11% 2,600 1 Jan 4%% conv preferred 50 Gaylord Container common—1.66% 5%% conv preferred 50 5,100 150 56 % 41% 128 1 30 11% 300 4 109 55'A 181% *12% 17% 13% 29% 12% 16 17 128 ♦178 126% 26% ♦125 10 105% 16 2% 10% 58% 105% • 16V4 10% ' 17% Feb 18 Va Jun AO Gar 14% *105 1 1 com— Gardner-Denver Co 20% 9% Sep 9 8«A May 17 12 No par (Robert) preferred— 2,900 126 14% - 6% 2,500 55 Va 10 l/a 127% 57% ♦16 10% 14% Galr Co Inc Gamewell 28% 20 ; (The)-common 5%- 28% *120'A 109 111% *126 . 14% 55 Co 1,000 5Va-' 20% Gabriel 19 V2 19% 124 *105 48 127% ♦111% 14% 55 600 300" -14% MS 28Va 20% 109 19% 5% *118 54% 6,800 19% 12% 47% 127% 14% *105 s 8% 102% 12% 2% 14% 39 *102% 12% 20'/a 120 9Va 8% -19% 28%' 54% 36% 38% *102% 127 197/a 9Va " . 15%"' 5% 29% 120 152 36% 39% 58% 19% 181 12% 152 ♦28 109 79 36% 28% 117 41% *151 19 5% 10% i. 11% 11% 15'A 18% 14% 12% 79 15% 5% 54% 181 ♦40% - 15% . 18% *105 10% 12% 20 5% 19% 55% *178 *19% 20 18% 117 109 10% 9 ♦193/4 14% 28% 193/4 55 9'A ' " 8% 18% • 116% •105 9'A 8% 5% 29% 116% 9% 87/a 197/a 14% 18% *28 Va * *9% " 5% u 9 Va 9 g • . STOCK EXCHANGE ,»19% Feb 1 Feb 21 .66 May 34% May 86 Jan 12% Oct 28% Feb 46 52% Apr ■ Nov 17 CHRONICLE & FINANCIAL COMMERCIAL THE Monday, September 29, 1947 MMM YORK NEW Sept. 23 341/2 <■103 42% 23% 24 36 y2 9% *7% 36.-. V 36 35% 17% 18% 20% 22% 23% *23% 36% *35 y2 . *7%. . 4'A 4- 35% 35% 36 25% 26% 25% .4% 35% 35% 26% 26% - ' ■ Howard Stores Corp_—z_—1 *23 .35% 500 ; 35% *900 • 29 31% May 19 17 y8 17% 20% 1,200 13,100 35i/4 20% 21 *, 1. .. Hunt Hupp dSTOCK *57 *96% 8% CLOSED 96% 23 *22% 243/4 " *22% 23% *22% 8% ■ 16% 8% 121 120 176 *172 176 *172 176 *-172 36 36 3/8 " 36%' 36% 363/j 16/4 15s/8 16% 15% 15% 15% 15% 63/4 63/4 •6% 63/4 *6% 7y8 *6% 7y8 13 14% Oct 34'/a Mar 151/4 May 23 30 2 25% 1 33% May 20 I 12% 215 2,100 1081% *3% 3% 1,100 Intercontinental 12% 12% 12% 12% 12% 2,900 Interlake 29% 181% 182% 180 34 181 % 6% 6% 6% 63/4 6% 6 3/4 30% 28% 293/i *84% 87% 100 4% 700 16,100 *3% 29% 86% 86% *84 • 4 4 *4 * 51% 4934 ♦104% 107 % *104% 493/4 12%' 27% 51% 12% 12% 1U 111 lll'/B *52 54 *52 54- 52% 54 41% 41 54 *42% 42% 42 42% 59 57 58% 36% *35 - 41 57 VB ■57% Int'l 300 . 11 10% 10% 103/4 10 % 10% 11% 20% 20% x20% 20ya 19% 20% *25% 25% 26% 26 International 58 2,600 *25% 25% 26 51,400 201% 26 25 7,100 800 - . ' 400 ,' ' 52 *50 -54 *50 54 155 *152 155 *152 155 300 52 52 - ' *152 7% 8 23% 23 23% 97% *96 45 1033/4 43% 433/4 ' 42% *117% 121% i ii73/4 26% 26% v 26% 109 y. *140 • T 1091 ► ■ Foreign Interstate *i08y4 *94 «*»~i> 95 1 80 971% 41% 600 7,200 42% 118 25 100 ; 103% 25 700 l 1,300 «*140 32% ♦ f v 95 (*150 5 260 108% < __ 323/4 *94 31% 323% 8,400 95 32 32% Q4. 108% 94 94 > 200 37% 3,800 36 3/8 36% 37 37% 38 37% *15% 15% 37%' 153/4 151/4 15% 15% 153/8 151/4 105% 104% 104i% *22 3/a 22% *51% 53 700 16 900 24% 300 19 500 373/4 *15% 300 22% ♦115 25% *108%. 109 *138 y4 ' 33 y8 95 *94 37% 109 *108% ■ v . *104 22% 22 51% 52 44 52 <52 y4 52% 16% 16 % 16% 16 y8 -16 Va 16% 24y8 *23% 24% 23% 23% 19 ♦19% I91/4 18% 18% *23% ■ : ^.18% 453/4 45% 22% 22% 52 ■„ :233/4 19 : 23% *18V2 *22 *104 105% 21% % 16% '16% • *104 105% 44% -44 . 443/s 45% *43% . 22'A 52% 443/4 43% 44 ' 500 , 16 '24% *18 43% 441% 44 *43% 44 22 52 44 •23% 23% 23% 233/a 23% *108% 109% 109% 109% 109% IO91/2 109% IO91/2 *14% 15% *14% 15% *i4y2 15% *14% 15% 77 35% - 101% 23% 77 - 75% ,76% *75% 36 34% 35 •% ■'34% 101% 1911/2 101% '36% "37% "37% 51% 51 51 47% 47% 47% 37 373/4 51% 473/4 • 2,000 410 - 18 Va 77 77 34% 35% 33% 34% 101% 101% 1013/4 1013/4 31 Va 37% 37% 37'% 50 47% 47% 49% Saturday Monday Sept. 20 53/4 5% 11 y8 -11% 11% SALE • 47% 2,500 48 500 2,400 Thursday \ Sept. 25 $ per share t per share ;.5% 5% .5% 5% *11% 11% *11'/a 11'% 26% *11 26 3/4 • 11% * 25 Va 26% 52% 53 *52% 54 *53 42 *40% 42 *40% 42 42 *24 25 *23% 243/4 *23 3/, CLOSED 99% *103/, 103/4 35 35 < *99 99% 10% ,10% 35% 35% 5% 5% 35% 2434 100 35% 24% *99 100 10% ■23/a *20 20% 5% 2% 36 2% *20 20% 20% 6% *6% 5%' ' 23/8 2% *20 36 20% *20% 21 7 *6% : . 2% 20% *53 3,000 54% 433/4 7oo ; 170 ; 45 3/4 *24 800 • 24% 99 99 • * 100 - .50 . IO3/4 10% 1,700 35% 35'% 3,300 53/a 51% '23/a *20 - 300 353/4 •5% 2V4 36 8,700 lOS/e 3534 "5% : 11'% 43 ' L5% 12% 47% 12% 36 sy8 "3,400 2% 2% *20 3,600 20% 20% -6% 6% -61/4 46% 46% 45% 453% 12 12% 12 12'/a 47% x46 % 46% 12% 12% 12 123/a 19% 19% 19% ■19% 19% 19% 51% 51% 50% 51 51 51 6% 8 3/4 •8% 35 90 Va 188 '35 90% 188 *43 46% *53 54 *54 25% 22% *92 *34% 89 186% *42 53 54% 53% 25% 2534 22% 100 22% *92 81/2 8% 35% 34% 90 89 463/4 Apr 23 ——No par 186% 44 186% **42 V8 «3% *52 54 533/4 26 26 22% 223/4 100 *92 J 16 Fen - 62 July 31 39% Nov 60 Va Aug Deo 42 Va Aug Jun 26 40 7 17% Feb 11 143/4 Nov 9% May 17 17% Feb 11 14% Nov K Kalamazoo Stove & 3iy4 Feb Apr 14 26 7% Feb 11 23% Deo 50 Apr No par 20 May 17 26 Va Aug 19 20% Deo 34% July 53 12 39% Deo 50 Aug Deo 163 Jun 38% May 20 >— __1 1433/4 Jan 6% Jun 10 25 20% • 700 , «y* 400 1 — Furniture' 13% Feb 37 Jun Jan x93 2 53 45% July 25 2 112 Jan 11 May" 17 39 Feb 101% Feb 18 Sep 108 May 383/4 Aug 18 18% Oct 34 Apr 4 22% Feb 17% Oct 30 May 26 108% Mar 18% Oct 40% Jun 45 Sep 67 Jun 17% Feb 15 Dec 26'/» Feb 26% Feb 8 19% Sep 34% Jan 20 Feb 7 30 Jan 52% Jan 2 60% Apr 28% Feb 2 NEW YORK 15 49% Feb 13 16 27% Feb 13 21% Nov 104 »/2 May 19 1163/4 Feb 13 Feb 7 15% Feb 29 Jun 85 Jan 0 82 Deo 100 Aug May 19 36 Sep 22 '26% Oct 46 Jun IO2V2 Aug 5 96 Dec 101 Sep •39% July 11 33 Nov 43 Sep 45% May 62% May 43% Oct 65% May -.95% July 14 34 Jan 16 45 Jun 3 59 La 'Consolid 6% 51% July 15 40% Apr 29 • // t . Lambert Go Bryant £ per "$ per share 53% 53 53% 53% 53% 54 87 185% 871/4 53 53% 53% 53% 340 . » -100 1,200 • preferred——-50 -5 Lees. (James) & Sons Co com——13 3.85 % cumulative preferred—i 100 Lehigh ,Qos£l ^ Navigation Co 10 9 28 31 14% Feb 8 13% Nov 203/4 Sep Feb 8 52 Dec 1023/4 Apr 13, 49 Sep Sep May 20 56 563/4 Feb May 15 21 . % May 19 97% Jun 30% Feb 101 13, X24% 25'% 2,600 22% 22% *22 22% 600 97 *92 97 14% 13% 133/a 4,300 193/4 20 19% 19% 19% 195/8 12,800 66 65% 66 65 66 65% 65% 3,200 21% 223/4 22% 23% 22% 23% 23% 24 233/4 23H4 23% ♦23% 24% 44% 44% 43% 43% 18 24 24 43% 433/4 17% >165 24 133/4 18 Va 166 y2 13 y8 17% 165 24 *23% 44 43% * For footnotes see page 23 *43% Co—1——1—No par. Oil'Co new-, : -No par Belt Liquid Carbonic Corp ' 31%% preferred-^ com—No par Lockheed Aircraft Corp———, Loew's 107 --1. Inc _l__—-1——i—No par Lone Star Cement 10% Nov 17% 34 % Sep 553/1 May 6% Sep 171/4 3% Feb 111 253/4 Feb 17 9% Feb 19 Jan 18% Nov fP),Co common-— -10 preferred-l: ———1'__ 100 Louisville Gas &-Electric A No par Louisville May 16 29 % Mar 15 78 May 19 10 43 11 Apr 3 Apr 3 •96 3/4 Jan 2 16 191 x48 40 Apr .May 19 & .Nashville 1__ -50 Nov 10 33% May 27 181 Oct 213/4 Nov 35 i , ' Oct 28% Oct 83 Sep 183 ;July 25 Dec 37% Dec Apr 38% May 15% Apr 65% 33 Jun May 44% May 74 Va Jan 15% Apr 37% Jan 102 May 210% Mar 653/4 Apr Nov- 88 Jan ' 43 Oct 66 Feb 23% Nov 43"% Jan 60% July 14 24% Aug 25 28% July 24 Apr Jan 5% Jan 64 44 Aug 29 14 47 - 02% Feb .17 i 19% May 17 30% Jan 10 109% Feb 4 99 * Dec 1'0% May 17 20 Feb 20 18% Deo 8 27 Feb 13 25% Nov 41 Apr Jan 94 May Oct 35 98% Sep 19 Aug 9 5 Lorillard 700 , 21% 8 59 % Feb 463/4 May 21 ■8 Feb 26 Long Bell Lumber A———No par 1,800 25 6% Oct 41% Oct 24 793/4 Feb 120 7% Aug 18 May 17 2% Oct ,49% , 50% Feb 10 Jan 0 12 '17 24% Sep 7,900 44 . 13/ 11 12 % May 19 4,000 Jan . 7 58% May 19 18 Apr 8% Feb ; Corp——No par 24»/4 82 9 38 % May Lily Tulip-Cup Corp_1— No par Lima; Locomotive Wocksl—-No par May >. 441/2 Jan 5% Jun f Liggett & Myers Tobacco com—-25 Preferred —11 —■" 100 . 13 14% May 19 : , -5 >j 1% May 19 Glassy—-No par - —r- - - 68 ■ 30 Va Jun 10 4% May 17 , Libby_i———-J7 165 243/4 4 *2 Sep 12% Feb , Lion 26 13% Apr '14% Oct 11% Dec 38 .9% May 20 * Lehigh Portland Cement———25. Lehigh Valley :RR-z—1J--—1-.—z-50 Lehigh Valley. Coa;l com^_l"_No par. Npn-eumulative -preferred-——50 .$3 -non-cum 1st preferred—No par *' 50c non-cum 2nd pfdlli 1—No par Sabers Cor p_——_ _ - 9% Jan »% Sep S Feb Jan 38 - Link Highest $ per share Jan 24 -• 800 25% *92 shane share 7 49'% Jun 19 Corp--——No par 1,300 185% 43% $ per 14 10 „ 4%% 34% *40 Lowest 44 4% May ly Lee Rtfbber & -Tire 34% 88% l 10% July 30 4. (The),———,No par common-No par 34% 44 Year 1946 J: Range Since January 1 Lowest Highest ■ » 75 Pesos Mex pfd 34% 165% 4 Feb Range for Previous STOCK Co—l Gas Light Laclede 34% 188 Dec 20 17 11% May 20 65% Jun 25 108% May 303/4 Aug 108% Dec " Llbbey Owens Ford 44 55 . Libby McNeill & *86% Sep "> Lerner 'Stores 20 18 ll7/» Nov 41 Apr 39 par n 3,600 19% 165% 13 32% Jan EXCHANGE 3,800 13% 18 11 22% Jan :—-TO ' L 5 13% Jan 4% ser__100 Kresge (S S) Co_z————10 Kress (S H) & Co——No par Kroger Co (The)—'--——"No par 8% 65% 166% 10 58% July 24 May 17 41% May 17 Cmnulative preferred Life Feb 99 3 jun Feb 53% 20% May 17 prior preferred—:—No par Koppers Co. Inc common—, 50 a% 66% 18 150 Nov 133-4 May 19 1 (G R) Co -common—- 195% 20% 166 3/a Feb Mar 31% 3 16 • '8% 14 18% 115% Sep - 47% May 19 - 19% 133/4 166% Apr May 8 104'/2 Sep ■ (The)— .-1 Prod Corp———5 19% m 153 109 111 6 34% July 28 May 15 Jun 14 10 123% Feb 26 25% Jan —100 No par .—100 Kayser (Julius), & Co———--5 Kelsey Hayes Wheel conv class A--1' Class B —1— ——_—1 Kennecott -Copper—No par Keystone, Steel & Wire Co_z .No par Kimberly-Clark Corp com—-No par 4%* conv 2nd preferred—100 Lehn & Fink 900 59% May Nov 45 V* 2 July 140 Sep 27% preferred Kansas City Southern com non-cum pieferred^ Lehman "Corp * Jan 108 Dec 100- 4 104% Sep 16 May 19 <25 1,200 700 24% Deo 8% 14 24'/a July 28 104% Feb 95i% Sep 24 39% May 20 2,000 , >65% '165% 141 Aug 11 City Power & Lt Co—- ■50% 13% Sep 158 2 213% Sep 1—:_i 3.8% Lane Feb 31% 19 107 8% 223/4 37. Feb ;9% May 17 100 Joliet & Chicago RR stamped—100 Jones <fc Laughlin Steel com—No par 5% preference series A 100 Joy Manufacturing Co—:—;i_i—-1 $5 Jan 40% May 19 2nd preferred series A 56% >1853/4 49% 36 110 4% July 70% July Sep Oct 52% * Aug 25 3Vz% preferred^ 1100 JohnsCta .& Johnson common—'_12'% 19% 44 26% May 125 101% Sep 5 Deo Aug 113 11% Nov 20 Feb 55% .953/8 Get 18 Feb 683% Feb . Feb 148 Sep 38% 2 12 116 Feb 42% Oct Aug 133 ■ Co—! 8% 99 Aug 11 a/4 44 32 No par : 19 % 26% 101 par Stores-—1—No 50% 186% Jun Deo Apr 2 37'% Jan ^25 u : 8% -69 45 4% Oct • 36 7' 47 Sep 28% 53 3% Jan - '*47 27 90% 107 V8 Sep 3 1033/4 Sep - 251/4 11 54% -24% / 10% 24 11% *11 *40% ■*98% 100 Jun cumulative preferred 100 Johiis Manville Corp com_-—No par Shares 11% 11% 30% $ per share '53/4 263/, 96 9 May 19 104% May 16 Dept the Week 5% 54 STOCK Sept. 26 11% 11 20 >No par 3%% i Sales for $% *53 EXCHANGE * Friday 11% 26% Jim STOCKS 5% 11% Apr 15% • 11% 26% 202 Oct 6% 2 Jersey rCerit Pwr & Lt 4% .pfd__ 100 Jewel Tea Co Inc common—-No par ' 380 , PRICES Wednesday Sept. 24 $ per share Jun 8 '■ $ per-share 26% HIGH Tuesday Sept. 23 Sept. 22 $ per share AND 31 36 7% Feb ctfs '"■">' ^ LOW 102 ... 136% Apr Jaeger Machine Co common—No par 150 3,200 49i% 47% *49% - : 100 Feb Jun 175% Deo 12 11 23 Feb 250 66% Not 10% Feb Apr 20% Jan July 14 i 186 3% Jun May 19 13% Oct 195 13 *•27% Sep 23 130 % July 9 383% May 19 Telep & Teleg—No par (F L) Jacobs Kirmby 153% 77 37% 47% 23% 109 -*14% 35' 50 *49% 9,600 300 77 101% "101% ' .107% 1,900 45 23 y8 1 30 - 43% *43% 23% 23 May 8 share ■'// 106 112 29 preferred-— Kansas 106 95 AUg . 53/4 Dec 10% .• 84 ' 109 32% 33% 43 118 *25% 1,600 44 44 *102 1033/4 42 y^ 118 ( 26 26 44 *102% "43% 118 1173/4 26%. 97% 96% 44 43% 13 113/4 May May 105 . Jan Intertype Corp__ 1— Island Creek Coal common $6 8 *21% 22% 96 % - 225 Ve Feb Feb 22% 35% Nov : 15 % July 24 Jun 59 11 5 3/4 Feb Shoe International 155 7% 8 213/4 23% 104% i 42%. ,433/4 118 *140 >1 : 323/4 : *103 8 95% .: -'.43%' 44% I O33/4 . • 95% 96% 44% 104 ■ *22% 23 *95 45 *103 8 8 Feb 3 % May 17 preferred— ; 8 9 Mar 21 ;7 19. Jan Jan 50 108 May 2 May 19 Jun Aug 44% Sep 7% Jun 190 13% Sep . com_.No par 7%. preferred— 20% *51 8 22% May 19 International Silver common——25 36% 201/4 *152 13 8 % Feb 100 600 12% 52 ' 54 ' 123/8" 155 17 % Feb 5 Jan 151% 33i/2 Sep Jun May 22% 168% Maf 5 * 11% 52 5% 413/8 11% *152 18 Jan 36 Oct 116. , 40% Feb 6 -15 16% Sep 11% Sep 36 Sep 180'% Feb 176% Jan 21 5 373/4 Jan 23 . 19 July 29 Apr .70 —___uNo par Int'l Rys of Cent Amer.c'om No par *40% 11% 25 4 192'% Apr 29 preferred ' 11% *19% 17 Feb 25 1 International Salt— *36 .Feb 35% May 17, a.—100 Co com, Paper $4 900 36'/2 45 May 27 7 100 International . 133 14 • 12% May 19 class A__25 Preferred 1 210 11 11% 6% Oct 9 '% May common. Int'l Nickel of Canada 1,900 11 ; 11% 11 10% July 17 87 July 17 33 100 533/4 * 10% 10% 14% Get 3 preferred 4% 12% 57 25*% .July 24 105 International Mining Corp 10 36,500 52% Chem lll'/a • 57% *36 ;• Mining 12% • Apr 16 100 1 1_ Int'l Hydro-Electric Sys *52'/a 112 57% 36% *35% .36% 112 99% > 17 1 174 common——No par *111% 41 ♦52 Jan Sep Jan No par 5,600 104 104 12% 111 110% 110% 513/8 . 105 3/4 Jan 85 30 Vb Jan 107 Machine—No par Preferred 740 1341/4 1053/4 - No par - - 2,200 27% *133 % 51 1053/4 12% 28% *133% 51% 1053/4 511/8 106%- 123/4 12%' 134 % *133% 4 134% 28 28% 28 28 3/4 134% 29% 45% ' 181 180 88 4% . 4% 27% 6% : 29 29 3/8 89 *133% *34% Harvester 183% 28% 58% Int'l 85% 133% 133% 12% 9,300 843/4 28% 4 50% Business 85% 85 Apr Oct Cot 97 x35% May 20 _No par — lnt'1 83% *87 89 28'% 84% 44% 18% 41 Aug 1 Aug 22 12'% Jan :_1 : com__ Rubber- Iron 600 214 214 215 63/4 .29% 4 214% 31% Hep 7 60» 23 % May 19 ,_20 Inc„ Corp preferred—' 41% 84% 6% *85 215 •• No par : Copper Consol *107% 182% 184 63/4 Inspiration 3»/4 83% 84% 183% Insuranshares Ctfs 108% 215 215 *213 215 83% 3,700 12% 13 '12% 13 1 Feb 30 73% May 19* ——1 Inland Steel Co_____ 3% 43% Jun 2L " Ingersoll-Rand common '—No par 6%: preferred-— l— i._100 *107% 43 Jun 10% Jan 1'5 <otfs. series A_— lIOOO Illinois Terminal, RR Co _1__—5 3% 423/4 - 49% 6% «ep 39 % Aug May 19 - 93 10Q RR stook 108 % 42 34 *107% 33/8 30 18 % May 19 37% May 21 100 z 4.%,.— 3% 43% 108 y2 33/8 43 6%;pref3rrcd series A lines Oct S Jan 7% Feb • Co_'_———20 Interchemical *107 % 3% :— 71/e 43 Jan 20% Feb 15 5% 15% Jan 133/4 Mar 12 % May 19 3,100 1,400 *6% 43 July Feb 123/a 25 . 36% 60% Oct 5 45% May Industrial Rayon 500 176 36 47 303/4 Oct 28 Sep 2,400 *172 24% Get Feb 7% Feb 7% May 16 Indianapolis Power fc -Light__No par Industrla Electrica De Mex, S A— 176 363/4 5 383/4 Mar 28 33 42'% 42 16% 43 % ,800 *118% 122 36 y4 3% 1,300 - Apr 11% Dec 1,200 1193/4 36% *107 % *108% 160 9 25 3o 3 Corp_—__ Leased Jun 14% Dct 1 * 111% 3 16% <. *16y8 43 1193/4 120 25 - 16% 43 43% 120 25 , 26% July 24 May 19 33. Illinois Central RR Co common-! 100. 10 231/4 8% 25 16% >42% 43% 42% , *16% 16% 16% 163/a 44% 43% 97 3/4 35% Jun •9% Deo 3 43% Feb Idaho! Power 500 *96% 98 25% *24%' 24% - 121 *172 ' 261/4 58 ' 25 44 *119% " 8% 8% 8% 25 5/a 58 *96 3/8 23% 8% 8%- 243% 163/8 1 96% " EXCHANGE 58 -98 23 23% 23% *57 59 58 98 58 *96% 13,500 26% 58 25% 26% 58 600 $ per share Hep May 14 : '35% 35% 36 56 36 3 37 Inc_—_1—1-6.66% Foods 400 i - t c Manhattan common__100 5% non-oum preferred— _100 Hudson' Bay Mln & Sm Ltd-lNo par Hudson Motor Car i___Nopar, 5,100 - 4 4 4% v Hudson & 100 8 3/4 *6 of Texas Oil —wg Sound Co_lll—_l—1: Howe 800 4 4 -35% 4 20'% May 19 __5 Houston 17% 17% : 16% Jan 16 3,800 35% *20 y4 i 25 Highest share 30 22% 24y2 ■* 17% 20 y8 20 4% 105% Sep 45% Jun 221/4 8 8 35% 97% May 26 37% May 21 Houatbn Light & jfower . 20% 17% V1B% 20 9 35% 35% 36 —100 put preferred-'.—: 33/4% 40 4% 4 $ per 25 1,600 36 % 4V8 :i 4 $ per share 28% Jan __No par com 42y2 24% *36 n . $ per share Lowest 34% Sep Finance *104 y4 .io4y4 22% *22% ' ■ O'A. > 17'/a *20% 22% Year 1946 Highest 11 Household 1,200 343/4 Range Since January I Lowest Par 42 42 3% 3% 3% 3% *7% 37 ' 42 22% \ '23% 23% 36 34% 104% 42 *41% 23 % 37% 23 % , . 42% 22% 42'A 23 % 34% >103% 34 104% *103% 104 V* *103 x33% s Shares $ per share $ per share share 34 34 % 34'/a 34'/2 104 v* 42 £ per $ per share $ per share t per share Range for Previous STOCK EXCHANGE the Week Sept. 26 Sept. 25 NEW YORK Sales for Friday Thursday Wednesday .Sept. 24 Tuesday Sept. 22 STOCKS PRICES HIGH SALE AND LOW Monday Saturday Sept. "20 RECORD STOCK 21% Jan 16 26 23 3/i Sep 22 172 May 14 53 17% Apr 165 40 Sep Jan 17% 3 *20 Nov 29 166 Dec 29% Jan 31 Feb 64 3 120 Aug 451/4 Jan 313/4 197 Jun Jan Aug 34% Sep 32 3,4 Jan Oct 72% Feb 45% Volume 166 Number LOW Saturday Sept. 20 AND $ per ehare 24% 24% 23% 37% 145% 36% 24 y4 54% 52% 35% 111 •109 14 y4 19% 19% 13% 53% 53 53% 500 *35% 13% 19% *430 10% 10% 11 25 25 4% 4% 22% 7 -7 103 26% pfd Steel 13% 500 9% *10% 26% 4H4 22% 6% 13% 13% ,27% 6% , 13%. 110 '27% *108 6% 27% • 110 108 13 3,200 series 1,500 ; 1,500 Marathon „ 9,400. Marine Market St 27% 2,400 100 108 Marshall Field 4% % & 16% 16 22 16% 23 3,200 •22% Martin ' (Glenn 233/8 23% 233/4 50 8,600 50 22 50% 50% 21% 21% 1,100 Masonite 22 22 223% 1,400 Master 32% 3,000 32% 32% •100% 99% 99% 99% *93% 94% 94 94 ioy» 10% *45% nu 10% 46% *40% 41% 29 40% 29% *39% 40 •39% 25% ,55% 10% 10% *45% 40% •40% 28% ,28% 40 •25 Va 26 56 33% 108 *104 20 20 20 *104% ' 108 100 39% 600 39 25% 25% "56 55 33% 1C4 % 104% *101 20% 20 20 25% 20% McGraw McGraw-Hill McKesson 100 20% 94% 94% 94% 46% *45% ,46% 45% 46 23% 24Ve 233/4 233,4 23% 233/4 2,300 Melville 17% 17 17% 16% 16% 58 Va 2,000 Mengel 58% 58% 593/4 59% 40 14% 1,000, 44% 100 46% 23% 24% 23% 23% 17% 17% 17 17% *17 59 59 59 *58 14% 14% 14 14 14% ,,14% *14% 44 *42% 44% *42% 44% 49% *101 49% 101% *101 *43 43% 43 50% 49% 101 44 49% *100 *43 43 *109 102 43% 110 10c? % 109 % *109% 110 16 .15% 15% *15% 49 Va .16 *15% *109% 49 49 110 4% .5% 41% 42% 41% 41% 41 38% 413/4 38 38 41% 413/4 38 38 37% 38 % *139 i42 *37 % *12 138 12% *9% 12% 10% 57 57% 108 108 139% 12% 9% *9% 57% *107 v *12% '9% 57 67 66 07 12% 11% 12'/a '12 118 *66% - 119% 119% 119% 119% 42% 43% 41% 43% 4% 4% 67% 17 16% 17% '16% 36% 36 36% 35% 9% 26% 61% 125 10 10 28' 60% 123 57 - 29 ' 26 % 02 60 124 .54% "i 59 *25 57 28% 54% 29 28% •57% 59 *25 26% *25 35% 35% " 10 *9% 10%, *28% 58. -59 Va 124 " 55 29% 58% " 12% 12 12% 12 12 21% 22% 21% *12% ■ 21% 21% 19% 20 19% 20 19% 24 23% 24 23% 23% 105% 105% 12 105% 105% 12 105% 11% 36% 36% 110% 11% 36% llOVa *10-)% 12% 12 % *39 53 LOW ' • '$ per share 16% 20% 12% lO'/a 12% 11 per 15% 27 12% AND HIGH Tuesday Sept. 28 $ 16% 27 - . share 16% 30% 26% 12% 10% 10% 13 13 % 30% 30'/a 30% 30 Va 30% 187% *24 24% 9% 37% 9% 39 *185 24 •*!■ 187 Va 24 9% 9% 37% 37% 12% 12% 39% *52% 110% *13 ,30% 30% *185 23%' 9 % 38 12% Thursday 1 't % •*' Sept. 25 . Sper share I534 ., 20% 15% 27 11%' 10% -10% 10% *13 13% 13 31% 31 31% 21 .' 13%, •30% *30% 30% 30% "185 23% " -*23 % ; '9% 9 38% % •10% .30'% 293/4- 185 24% *180 < *23% 28% 39'/4 9% 9% 9% *38 15% 21% 22% *40% 41% 41% 41% -19% >104 20 104% 31% 487 31% 189 156% 156% 19% 104 Va 31 486 158% 20 *42 19% 31% 21% 42 *104 ' 30%;1 15%', •22.1/4 21% *42 20 104% 19% 104 30% 30% 22%; 184% 184% ( , 157 *156% 158% " • 19% 83 83% 82% 83 24 24 23% 23% 1 18% 1 82% *23% •17% 7% ' 73/8 73/8 7% 19 1 % 1 82% 83 83 83% 24%' 24 24 24 18% 17% 19 19% 1 l'/a 700 1% 18% 19 17% 18% 18% *18 18% *173/4 99 59 18% 173/4 17% *98% 99 98% 983/a 983/a •243/a 24% 13% 13% 12 % 13 - ' 25% 25% 25 25 ' *24% 14% 14% 14 y8 14'/8 *13% 14 % 12% 12% 13% 12 % 12% *12% 123/4 *12% page 23. 25 14 123/4 * preferred Linen 18 Natl National National Sugar 5,700 Natl 500 , $2 , 110 ' 300 - ' 4 'A ' Natl Natomas & Tea Lt 30 Deo 110% July 61 Va Jun 113% Apr 18% Feb '18% Mar 10% 31% Oct 45% July 23 19 42 ya Feb 4 32 Not 6 140 Oct 18 156 5 Oct Not 39% 104 19 30 Mar May 19 14'A Jan May 19 14% Feb 24 May 27 66y2 Jan 7 114% Feb 25 7 May 29 Apr: 16 May 19 Jan 13 67 'A Sep 9% 105% 12% Sep ,19 8% Aug 19 100 43 >A July 28 28 Feb 3 7 51% Jan 14% 2 Deo Oct 26% Mar 68 % Apr 119% July Deo 40% ?Apr ;121 8 45% May 62% Jan 173 July Oct 45 26 25% Feb Feb ,10% Not 4 May 19 60 Oct Deo 18% May 129 Sep Mar 44 Sep May 17% Jan 6% Oct 19 Oct 52 42 Deo 70 11% 49 May 19 Jan 3 24 May 16 9'A May 19 17 13% Feb 14 32 Feb 17 64% Feb 8 30% Sep 25 Deo 57% Jan 64 Deo 20 Not 60% 60 Sep 104% May 30% Apr 62 24'A Feb 7 15% Oct 24% Jan 3 19 Oct 26 25 24 Sep 17 14% Sep 107% Mar 14 102 22% Jun 109% Feb Oct Oct 108% Jun 10 9% May 17 37% Jan 2 ,50'A Jun 10 112 May Mar 28 29 Mar 26 Jan 27% Feb 108 14 Deo Sep 10 26% July 1 13% July 14 Jan Sep 27% Aug 49 May 114% Jan 15% Feb 11 9% Oct 44% Feb 13 33% Not 65% Feb 50 70 56 Jan 29 22 Deo Jan Jun Year 1946 Highest $ per share $ per share Lowest Highest/ $ per share 14 May 19 10% Feb 7 13 Oct 25% Jan 19 May 24 29% Feb 13 23 Oct 62 Va Jan May 19 30 6 27 Sep 11 Aug 25 41% May 34%-Jan ^5 _100 1 No par ex-dist——No par :9y8 May 19 10% May 19 24 Jan 13 27: Jan 13 181 .' Mar 26 Jan 16% Jan 6 14% Not 14 7 10 Sep 13% Deo Feb 31% July 18 32% July 28 34y4 Feb 187 13 8'A May 19 33' May 19 '8% Jun 16 13% Feb 7 41% Apr 14% Jan 2 7 13% Aug 15 V* 4 13% May 16 27% May 19 14% May 19 17% May 19 30V2 May 26 14% May 19 103 Mar 27 25% May 20 183% Jan 6 150 6% Mar 20 Jan 16 16% May 20 Jan 45% Apr 34 % Jun 22% Mar 28 19% NOV 32% Aug 67% Jan 43 Aug 15 25% Jan . 31% Nov 23 2 16% Feb 15 102% 35% Jan 9 27 190 Va Sep 167 Jan 15 178 Dec 207 28 X149 Oct Aug 173 10,7 8'A Apr 28 Jan 20 y2 Aug Sep 108% Jan 40% Apr Jun July 6V2 NOV Apr 10% Aug 20V4 Oct 41% 15% May 17 20'A Aug 33% Oct 7 40 100 Oct Sep 31 —10 1 1 4 1% Aug Sep 25% Deo 75 11% Not 2 Va Feb Sep 101 Va July 38 Apr 25 Jan 32 Jan 16 % Deo 89 NOT 106% Mar 42% May 15 20% May 20 13% May 19 29 % Jan 24 17% Feb 10 21% Oct 14% NOT 11% Jan 13% Jun 13 10% 3 24% Aug Oct 10 1 45% Oct Sep 28 VA Jan No par Hot 13 15 21% May 17 12% May 19 Co Feb 31 30 —No par 10 Apr 21% 15% Nov Rsf Mar,18 Apr 32% 3 2 88 205% Oct 22 V2 d 21 8 100 37% May Not 9% Nov • Jan 1% Jan a Oct 20% May 28% Jan 34% Apr 20% Jan 38 91% Feb 1 180 Oct • Aug 18 17 % Feb Aug .19 com 25% 27 26% Feb 74% May 26 Co 20% 15 Jun 21'A JunlO- —1-25 Fibre $ per share 21 Corp Co— Vulcanized Co 47 Va Jan 111% Aug 18 32% July 52% Apr 77 May Sep Sep 13% .10 Corp Co.. (The) Pa preferred %' preferred— 300 97 32% 1 B—_— conv 600 ' 64 3 10 100 Supply National 10 10 ^No par — A Service Steel Power 3 - 65% Jan 103 y2 Mar 15% Feb :—1: common Stl .Cast 800 *' Prod Co 5.400 98% 25% Lead Mal-& Jun 40% Feb preferred——No par 6% Nat Jun 105 y# Apr Stamping——.No;par 1,300 83 24 & preferred National 35 Va 8 Feb May 29 Products—_No par 7% s Oct 35 (new)——1 Gypsum Co com conv National 1,100 19% Dairy Enam 18 10 10 Container $4.50 160 7% ; ' 19% 99 40 186 156% *7% 25% 3,700 186 7% 99 - 188 19% Corp—— Can Cylinder Gas Co, Nat 20 V* 6 103'AMay26 No par Distillers " 30% 160 *7% Corp National National 7 20% —'—100 Share & National 210 5 24% Jan 52% May 19 5 Dept Stores.^—1^.—; 4,100 Feb 25% Jan May 19 1 — Corp National '• 67% Aug 26% NOT Jun 1 National 300 ' 1934 104% ' 43% Oct Oct 36 ilOQ Louis 18,900 ' . 30% Apr 107% Aug Lowest 1,900 45 Sep Sep 103 11 May 20 May 19 19% May 19 17% May 19 14% May 19 Register.—No par* ;City Lines Inc —_1 • '105% Feb Range Since January 1 8,300 - Oct 18% Range for Previous National 600, , *157 19% *18% • 158% 1% see 30% -45% 7,800 13% ; *186 7% National Not 22 135% Jun ■ preferred Bond 133/4 42 30% Nat 1,500 ' 18.9 19% 17% 9V4 ' 19% 104% 31 1 18% 20 *104 31% 7% 18% -• 104% *19 '/a 1 44 - .7 % 200 13% 15%. 15% 22% 300 - *13% 30% 15% 21% 4,500 r ,24% 20 8 Deo National Battery Co—" —4 National Biscuit Co common:——10 133/4 153/4- 15% 22'/a •30% 185 600 13% 30 15% 21% . 21 . July 14 Sep Sep —50 — Airlines Aviation Jan Deo 31% Feb 50 69 66% Jun 108% Mar 35% Apr 102 43 Vi Rational Automotive Fibres Inc.i.l Nat 13% 15% National 6 Jan 105% Feb 20 28% National*Cash - 31 National 1,700 1;200 1,300 13% 30% 2,900 10% (5 Sep 23% Sep 44 Sep 39% Not 111% Corp————L—5 Chatt & -St 2.100 13% *13% . 44 46% May 48% Apr 30 1 8 • National Acme Co 9% ;9% 13% " •Nashville 38 '/a '9% 13% • - 190 1,300 Feb 3 STOCK YORK Nash-Kelvinator 9% 9',4 13% • July 15 32 56% Feb STOCKS . 11% Jun Apr 4 Par ' 91% 13% 31% 21 27 . . 187 com EXCHANGE 10,500 13 21% 23 May Sep . 25 63% Feb —No par Bros Shares ; 44 > Apr 43 122 42 7 1 „ & NEW the Week „ 26 34 12% 9 Va 13% (F E) Mar 14 71 Oct 102% Deo 21 -100 preferred Sales for 16 11% 13% 30% 4% Myers 33 % Feb —5 -preferred . ,20% 26 3/s 9% 13% 4%% • 100 Friday Sept. 26 12% 27 ■ 137/s 31% 1 Murray Corp of America 300 - $ per share 16% 9% 30% " 53 preferred.' 48% Jan 25 107% Feb May 26 May 22 No par B_. — 6,300 40 *523/a Co -class Mar 128 y2 Feb —5 Munsingwear Inc Murphy Co (G C) common.! • 12% 40 53 13% *13% 500 2,400 50" . 111 Mfg 118 ,—1 —1 — n »• (16% *20% 12% 12 353/4 *110% $7 Jun 111 23% Sep 8 49 y8 May-17 No par Corp— PRICES 16% 21 12 353/a 39% 54 Sept. 24 27 12% 36 110% 80 - $ .per share 12% >/4 • • 4 110'% May 16 No par Wheel Mullins 23% 106 % Jan Not _5 No par Products- Corp— 6,500 1 233/a 113 8 —3 Co. May 28% Mar 11* com——10 Inc Brass Jun 65 3% May 19 11% May 19 32% May 19 50; Motor Mueller *106% 35 Co & Lines Motor 300 l.S'OO 106 '/a 110% 'Wednesday 26V8 13% *185 SALE " *20% T 31 *30 # 2,100 , 21% 17 Sep 97 Apr 23% July 45 Apr — A cum 19% *106Va 12% 40 *52% *21 233/4 Oct No par com Motorola 20 9Vi 45% - Tool—-—No par series Ward Deo 8 4 104 com—1 _20 800 12% 22 19a/4 *11% $2.50 93% Feb Jan 1.25 100 12 % 19% LlOO preferred Morrell (John) & Co 22 . Montgomery 97'/a Mar 11' 12 50 Jun 10% ,6% 47'A 103% 51 % ——No par Chemical Co preferred Moore-McCormack 900 23% 36% '40 53 "11,600 61 $3.25 ■ May 19 7% May 19 12% May Apr 29% May 136% Jun No par Impl 70 May 112% May Deo 6 ! 33 —3 com 253/4 21% *21 110 11% 40% 53 Sept. 22 20% 12% 30 Va Machine Monsanto 400 9,300. - ' 11% 36 *109% *39 Monday *11% 37% 110%' 12 % 40% *52% '21 % *21 29% 253/4 12% - 55% *59% Monarch 6,400 > 121 22% 22 20% 23% 30% 25% 300 59% 54% 60 *25 ;21% 59% *118% 553/4 29% 58% 26% '60 103 Feb '25 100% Aug 25 25 -357/a May 21 105 Jan 6 No par Mohawk Carpet Mills. •Mojud -Hosiery Co Inc 700 106 38% May 204% Not Jan 45% Not 36% • 1,700 - 28% 123 *118 • '55 % 22% 105% 5,400 195 8 47% Jan Corp—— 10 Mo-Kan-Texas RR com—No tpar 7% .preferred series A__> _100 " 29 Power 24% Sep 10 49% Feb 41 Mar 21 (43% May 19 97y2Jan 3 No par Mfg—J_— Moline Aug 18 Jan 23 61 "Not 18% Deo :10 vtc $6.50,preferred— Apr 73 Mission 2,500 . 10 12% 21% 4% 16% 29 ,61 *120% 240 75 39% Jan 28 100 A Jun Sep 16 5 com— M Feb 30% 48 112% Mar 20 pfd^lOO pfd SS 91 45% Oct 2 Jan 190 24 Sep Sep Sep 12% 13'/aMay20 a ,3.20%-conv pfd series A_^ Minn' Min & Minn ; 11,000 10 22% 21% 4% , 11,000 - 43% 16% 17 36 2,200 120 40% 4% 16% 35% ^36 *9% 28 62% *57% 4% (17% 119 423/4 28 *9% *26% 26% 28% 5 '• 90" f 11% & Jun 44 ' No par 3.90% Prod 25 'A 33 Mar 12 98 31 63% Jan 18'/4July23 100 X109 6 23% Sep 26 24% May 27 185 Feb 9 111% July 34 Jan Sep 22 May 17 14 14% May 19 39'% May 17 No par . 4. Co Minn-Honeywell Regui . Apr 55% May 17 Petroleum- 1st cum St* P Jan 67% 88% Jun Minneap & St .Louis ,Ry__—Nppar Minn 1,400 67%' 11% .119 41 .58% 109 Hi67 , ' 125 56% 67 '12% *117 - 58% *10»i. 8% ; 400 11% 20% „5Q common— Edison Midland. Steel 1,000 10 Oct —3% Ltd preferred— Mid-Continent 80 12% 10 58% 66%- 141 *12% 109% 41% 42% 4% 16% 93/4 -.58% 118 36% 12% *108 '12% 41% *139 9% 109- 12% 139 12% - - 58 109 109 4% 12% •10 '57 66 y8 4% - 139 Deo 11V* 25% Feb Miami Copper— 300 ' Co Transp Inc cum Metropolitan 6,100 37% preferred- Jan Jan 8 30% Nov 23 Va _50 Mesta Machine Co 900. 43% 142 Co $3.50 10 15%, 1st Stores 46% May ~7% 17% May 20 — Min Not Sep 19 8% Feb '• 1 24'/a Sep 9 16 % May 19 Corp __i (The) common———1 conv 26 f 27% Feb .17 1 .100 preferred——1 Shoe Co Merck & 700 110 15% 2nd Aug 16% Apr 26 Y* 10 10 1 —No par preferred——_i, Merch .& 300 42% *139 Co common Mercantile 2,000. , *38Va ' Gbrp 4% % 700; 43 *109% 15% ' 1017/a" 43 15% , 160 45%' 101% 43 Inc- com—18 " 14% 49% Mead 1,000 95 *43 101% 400. ... 20'% 95 14% 44 101 25% 20% *44 44% 50 *25 626 Oct 3% 4 5% Feb Jun 8% Oct 12% 13 24 May 17 46'/a May 9 30% May 19 102 Jan 2 ———No par Stores ,20% *94 % ' Robbins 32% Feb 14 35 No par Norris Mfg Co 25% 20% 94% . & 13% Deo 620 18 24 1 Co Mc-Quay 900 26% 20% 04% 26% Pub $4 /preferred 20% 27 Co— 111% Apr *17% Not 30% May 17% Sep 1 14% Feb 100 100 McLellan 94% 46% For footnotes Electric Oct 2 35'A May 19 com—i.l preferred Mclntyre Porcupine Mines————5 2,700; • ♦ Stores Corp conv 6 17 42 ——No par Corp— McCrory 3'%% 3,900■ 105 20'/a McCall >■ 200 <- 333/s 20% *20 800 1,900 455 May 12% Sep 16 Va Sep l 18% Aug 17 106% Jun 65 108% Mar 20 1st 40% Mar 28 15 % Feb 21 % Mar 39% May 19 $6 pfd .111 Jun 108 —5 No par cum 7 76% Jan 14% Sep par —No par 101% 33% Co 41% Jan 42% May 180 38% Oct 37%; Not 34% Feo 1 common 8 May 19 Co Stores Jun 9 par common 28'% 55 %■ 33% Maytag 25% *44 108 22% May 19 _100 Co_— preferred—' 40 3/4 25% 55 L) $3 *99% 39% 25% -55% 33% 1,000 21 *57% Sep Deo 56% Feb 12% Jan . No par com 46% 28% 101% 39 1,030 10'% " Dept 94% *45 32 140 152 10% May 28 *6% May 20 5 100 Corp.——No Corp No Elec 20% CLOSED Co 13 '3% Jan 6.25 preferred———— 25% *25% Sep May 17 1 111% *111 40% 28 3% 26 55 -33% 108 20 40% 39% *25% 55% 33% *104 EXCHANGE 5 $3.75 preferred—. No par $3.75 cum pfd 1947 series—No par $3.40 cum pfd— No par 440 93 10% 101% 103 39% 93 *45% May 130* 98 10% 111% 3,400 1003/4 46% v *111 41% 98 94 46% 102% 55% *100 98% ' 10% 103 33% 33 14 Mar 9% May 19 24% Sep 4 (nsw) 1 Mathieson Alkali Wks com___No par 7% preferred 100 188 40% 1003/4 98 *93 111% *186% 41% 1003/4 94% 32% 188 40% *45% 28% •1C2% 323/4 *186% .99% *111 40% .28% 103 *25% 98% *93 111% *102% 32% 188 101% .101% 43% •111 22 41% '41% 10% *45% 111% 16 32% *186% 100% 16% , 32% 188 41 99% STOCK 1 Martin-Parry 22 *50% ;16% *6 No par Corp__: Ry 6% prior pfd 50 •186% « 43% May July 30% Jan Deo 39% Aug 5 Apr 21 Mar 12 Jan 455 Midland 720 50 ,16% 100% 1 per share 50 Exploration-. Corp— 22% 32% -07 20 16% Apr 14 12% May 13 .1 Maracaibo Oil 16% 41% $ per share 20% Not 101% Aug 22 11% May 19 1 Manhattan Shirt— 7 * 41% 101% ■5 100 ; 49% 192 $ per share 27% July 24 31 41% May 19 30y8 May 19 107% Jun'2o No phr 10 Go—.. 23 13% 108 Sugar 22 41 y8 • A Garden, vMandel Hros 100 43/8 Square Manati 300 26 Va 26% 108 . 9% 4% 22% .27 pfd __ 300 11%. *24% 4% 223/4 6% *13% 4%% Madison Magma (Copper Magnavox Co (The) Mahoning Coal RR Co__1. *430 34 140 No par . 1,400 13 10% —10 —100 com 3,600 13 4% 6% Forbes 13% 17 21% Jan 13% May 17 Macy (R H) Co Inc com—No par 51 *186% Sept. 20 10 — 19% 23% 6% 27% 800 22% 32% 97 Year 1946 r Lowest Highest $ per share 17% May 19 100 preferred—-i—i. 16% Saturday A Mack Trucks Inc.., 2,000 111 11 % *25 6% & 50% . series Co 22% 21% 4 per share (M;) & Sons Inc com—1 cum MacAndrews 10, 35% 4% 6% •108 "4%% Lukens 200 53 *,22% ,4% 13% 108 37 *19 500 10% *11 •25 23 13% 277/8 10% , 27% : 13% 27% Lowenstein 700 148% *109 13 *430 1-1 27 111 13 500 10 23% 18 35 13% 18% 11 4% 36 '* 14 13% 10% 23 % 50 53 36 ;i9% 11% CLOSED Par 2,100 *36% *144 *13 10% *24% 37 *109% 11% , STOCK EXCHANGE 23% Range for Previous Range Since January 1 Lowest Highest EXCHANGE Shares 100% •17% 148% 111 14 •430 *36% 48% 13% 500 17% *144 53% 19% 13% 23% •99 13% 14 19% *430 23% 100 17% 37 *<103 *13 % $ per share 148% *35% 112 14 STOCKS NEW YORK STOCK Sales for the Week M 36 *109 23% 99% 18 *144 54% 36% $ per share 24% *36% 148% *3S7/a Friday Sept. 20 Thursday Sept. 25 101 17% 36% •144 ' share per "100 17% *537/a ' $ 24% 1/% 37% 145% Wc!l"eSo?y Sept. 24* 101 •100 18% PRICES Werinperiav $ per share 101 18% SALE Septus $ per share 101 HIGH Tuesday Monday Sept. 22 ,/ Sep 24% May Feb W THE (1263) LOW AND SALE HIGH FINANCIAL CHRONICLE STOCK YORK NEW Wednesday Thursday Sept. 28 Sept. 24 Sept. 25 Friday Sales for Sept. 36 - *20% - 20% 15 -20 y» .20 - 15 30 »i06y2 30 105 ♦ 104 *106% 107% ♦107% *39 39% *27 28 *95% 96 STOCK 22 % .. 41% 14% * 23 41% 105 Newberry Co (J J) common__No par 33A % preferred™— .. „_100 107% New Jersey 38% 38% 38% 27 263/8 26% 96 96 96 22% 227/8 22% 22 3A 4,500; 42% 42 V4 42 42 Va 1,200 *26% 96 • 42% 29% 14% 14% 14% 147/8 33% 34 32% 323/4 35 33% 32% 321/4 32 V118% 119 13'A 119 119 *13% < 13% .'13% 23 *52% 58 ♦232 255 -33% *20 *53% 58 255 1197/8 -56 *232 500 119% 1,300. 6% N 56 25 102% 24% 103 24% 24% 103'/a 103 '/a 102% 14% 14% 24% 243A 243A 25 York Dock $5 > j 99 *97% *48 - .14 13% 13% 1027/s r 36% *97% 491% *48 99 97% 49% 48 $3.75 120 . cumulative preferred Noblitt-Sparks 49% *48% 493/a 100 36 *48 Corp partic stock & Gas Corp— *343A 36% 800 100 36% . 37 *35% 58 1 58 58% *30 31 36 36% 58% *30 31 s# Industries 5 *30 31 *30 : . New : 3,300 58 3A 58% 31 Nopco Chemical Co—— Norfolk & Western Ryj*Jt ' '.?• A 58% 58 31 f Adjustment preferred common 4 « 23% 23% 23% 23% 23% 8% 8ya 7% 7% 8% 233/a 233/4 23% 77/8 23%' J 1 - -:25 new — 8% 77/8 8 North ;American 4,300 North 2,300 8 Northern Central Hy Co— —_50 Northern Natural Gas Co new—;_20 Co—1 *90 91% *90 *89 91% 28 Vs 28% ♦28% 28% 20% 20 y2 19% 20% *97% 98% 97% 97% ' 28% 29y8 19s/a , *89 91% 28 3/8 193/4 28 3A 28% 20'A *96% 20 91 *88 91% 97% \ 28 3A i American Aviation-! Northern Pacific Ry 13,600 *95y2' 07V% 13% "13'/a 5Q 19% 20 61% May 24 Sep 20% Feb - .1 Mar Sep May Feb 113% Mar Deo 11% Not 102 25 513/4 Sep 3 53% Jan Sep 25 Sep. 22 16 28% Feb 53 31% Oct 41% Sep 23 % Jan 72% May Oct v 63%,Sep - 17 , ,4*-. 30% Sep 17 83% Jan 1; 10% Feb 17 * 39% • 9% Deo 111 22% Feb >■ I 16% ; | Apr Feb '! May 16% 117 Jan 115% Jan 11 287/aSep 12 Sep 19 13% May 19 . 76 • Jun 275 100% Aug 19 28 V* —100 Feb 323 Oct 63% •" Jun 37% 41% May 17 16 23% Sep 24 6% May 16 87 Vi Sep 8 - 1——i j. S 20 107 9 , 21% 1 Feb 133 Sep 16% Deo Oct 4 25% Sep ,• 79 3 Aug 02% Jan 9 30% Sep • j.u_w_-10 • : 35% 290 58 25 9,306 23% Jan Oct Sep • ■' " Jan 13% 26 May 23 May 20 36 •, 69 % 3 124 32% May 19 - , - ' V. Oct 3 26 •96% July Jun 34% Apr , 33% Sep 5 10% May 21 1 Jun 109% 22% Feb 37% July Elec State 1 37 58% 58 97 *95 97 Y 36% 19 23% Sep 102 % Aug Light 3.90% pfd—100 Y Shipbldg 10 45 18% Nor Apr 250 series A "wP'-^-lOO N 1 24 53 - Oct 27 Sep 95% Oct 19 No par lio% May 113 Oct 50 Apr " 80 * May 19 11 Va May 19 Co————50 30% 3 , Jan 43 Vs May > Deo 46% Feb • Sep 26 & Hart RR Co- N Y Power & 11,200 1 No par common, , Preferred 5 Vo 150 153/a 15 16 *96 102 7/g *102% 102 7/a 147/8 97% 48 '} *30 14% 32 106 23% Sep 9 12 May 17 187A May 19 _100 N 103 ' ; - 25% Nor 103% Nor 7 Feb 102 32% May 19 No par com preferred non-cum Y New Hav 9,500 25 17% Juh distributed—— N Y & Harlem RR ■ 1 Deo 13 42% July 14 32% Feb 7 23 32% 22 Sep 109% Aug 16% Dec 104 Mar 11 108% Jan 24% May 21 953/a Sep Feb 100 27 $ per share 18% Oct July 25 38 July 14 Jun 17 10 ' 107 35 y2 May 20 ,. preferred series A; i._100 City Omnibus Corp——No par Y New 255 Highest < J per share 18% Feb 13 283% Aug 26 104 —No par : St Louis Co . N 24% Brake- when Common 800 133/a. 21 *232 255 Y Chic & N ( *52% 56 *232 14,000 32 13 Air York New New York Central Feb *102 —100 Newport News Ship & Dry Dock 900 ♦19% > pfd—100 4%%' preferred^ 60 143% Pr & Lt Co 4% 105 Newmont Mining Corp 10 Newport Industries common—-1 700 500 ' 32% 119% 13 22 ♦52% 255 143/a 120 13 *20 22 1,600 293A- *32 *20 - *104% ,< Lowest , 24% Feb UV2 May 29 100 *106 - $ per share 18% May 19 - . preferred 105 >33% •' ____No par V serial conv 1073/4 23% 41% 4%% 38% 26% 96 23 Corp_—_— Neisner Bros Inc common 50 Year 1946 $ per share par, 106 Va - 14% 13% *52% 26% *95% 600 ' Highest ' Nehi 1,000 14% 107 Range Since January 1 Lowest > 20% 14% *106% 34% 23 ^"* *232; 383/4 27 *34 119 13% 383/4 38 ya 14% 35 *20 * *41 34% 118% ♦104% 1073/4 . 95% 14% *33 130 105 *106% /..., 22% 41% , 29% *104% 30 27 CLOSED 107 *29.3/4.. 30 ... EXCHANGE Shares share ' 20% 20% 14% " 14% *lOHVa 105 37% 23 20% $ per * 1 .143/4 107 107% 95% . EXCHANGE *34 >/a $ per share " 20% 143/4 107 107 *29% „ *104% per share *20 • 14% 14% 107 ♦106% $ share per Range for Frevious NEW YORK STOCK the Week ' $ -$ per share if STOCKS Tuesday Sept. 22 $$ per share Monday, September- 29, 1947 RECORD PRICES Monday Saturday Sept. 20 & COMMERCIAL ; ? — Jan 36 Oct Northern States Pwr Co 97% .97% • "I4y8 13% 13% 23y8 23% 22% 23 % *35 % 35'/a 35% 35% 6% *-6% :13% " ■>' ' 133/B 133/4 223/4 13%" "14 23% 35% * 35 V2 6% *12% 13 35 „ 107^ ; 35 ; *34% 35% 1063/4 *106 106 3A 90- 25% 25% 25% 25 253/a. 7,100 21 203/4 23% 24% 102 Ya 203/4 23% 102% 101% :-.83/4 9 100% 101 *8% 23'A 24% 29y8 162 ^ 18% 29% ; 29 *160 , 22% 18 8 3/4 9 100% 100% 173/4 29 . 162 22% .29% 173/4 *85 85 85 74 75 t , 28% 29% 160 17 22% r 29 Va 22%; 200 160 87 86% 86% *84% -86% 73% 73 72 727/8 72% 72%' 15% 14 *13% 14 *13% 14 *13% 14 70 y4 73 70% 71 *69 72 *68% 14% 16 15% 15 153/a 40 40% 40 *39 39 39 39% 39% 397/a x38'/a 39% 38 Va 383/4 55% 55 55% 55 55 543A 54 3A *54% 33% 33% 33% 33% 33% ' 100% 1003/4 *33% •« 159 100 I #:*157% 333A 33% ' 101 101 158% ' *100 ioo3/8 159 *157% 159 43% 4% 43% 41% 43% - • 4% 4% 42 4% 423/4 4% 4"% 93/4 43/4 10 Va *14 : 47/a 10 9% *14 • 15% 503/4 107% - *■ 237 2% $• 38 , L09> •.."23.'• 2% 7% *9% ; 34 >43" 1, ' 12,600 .43/4 25,000 Packard 93/4 11,500 Pan 22% 6% *106% 41% 2% -37% '■ - i 2 % - 28% 40 % 38 *28% 7% 7% 9% 9% 33 33 42% 43% 31 7% 7' 7 7 - 14% 14% '18% 18% 48% 17% 18 *173/4 OQ *27 31 *29% 31 *108% 112 ♦108% 112 _ *108 7/a 143/a 112 *1087A 193/8 19% 19% 19 ; 18 y8 18 18% 173/4 *45% 45% 45% 45% *45% 116% 115% .51% 116 *51 52 91% 29% *8% : 29%' 30 *107 10% 10% 1 1; Saturday Sept. 20 10% AND HIGH Tuesday Sept. 23 $ per share 15% 16 r *427.8. 44 % './- 4-1%.. ":*54% . EXCHANGE r 10% 29 28 •30 28% 30 on *107%. 108% i03/8 SALE *90 . 10 29% 30 108 3A "10% ► 29% 10 107% 107 10 Friday Sept. 25 Sept. 26 *157/8 S per share 53% 101 16 54% 29% 237/a 293/a- 16% 42% 41% 41% 16 55 101 101 86% Mar Mar 122% Oct 164 5 447/8 Sep .26 7% Feb 13 4 14%. Feb "18 May 13 107 r Sep 16 18% Not 5%: Oct 21 .11% Dee lOOZ Mar 24 9% Feb* Deo 66 Sep July i-Af'' 105% 27% 32% Jan 2 62 53% Jan 4 >4% Jan ; 6 v / 3% 2 % May 17 Jan ; J 43 7 / Not. Heps' 20: < Oct; 12 - 24 15% Mar 31 ^ 8% Mvy 19 - ; .32 Vi Sep V 11 35% Aug 22% Jun 24% Jan - 11% Deo 38 Apr 7. 48% Feb 11 11 383/4 May 27 27% Jun 40% Not f Apr May 48%-May Oct ' f 39% July 62. Apr 7% Jan .35% Jan 34% Feb 21 ,14% Feb Apr ;ilO Oct . Feb Jan 90% Oct 109 '■ f Feb Apr 56% Apr 111 Apr 14% Jan -4% Deo J >45% Jan 16% Feb 4 * 12% Dee 153^ Sep .26 24% Feb 27 - 6% Oct 17% Sep 30% Jan 25 36 28% Feb .* 107% May 20 117 37% AUf 115% July 18% May 17 22 6% July 15% Jan 1 23% 28% 2834 29% 15 y4 15 28% 283.4 15% 15% 28 28% 28 95% 28 % 28% 28% 28 *95 95% 947/a 947/8 94% 95% - 95% 30 , *102% 30% 103% *117 107% 30 *102% 119 1073A *116% •70 2,500 - 99% . 29 *28 29 *28 29 92 7/a *91 927/8 *91 927A * 51% Jan Brewing Co^ 24% Jan 100 99 Vz 43 Jan 21 * Feb / > 47% Feb 51% Dee Jan Oct t 21% Sep 68 May Apr 61% Jan 115. * 14 ' Jan 34 8% May 17 40% . 11% July 25 '* Jan 43% Mar 28% Sep 105% Sep 4 5 Feb. ; 86% Not - 9 34% July. 25 16 Ttaage Since January 1 Lowest: Highest ■■ • — • I per Par No parf . * 109 8% Deo/ Mar 14% Apr 13% Jun 9 * May 14 36% Apr 14 common.—— 16% Sep 25 62% Jan 37 Jun 53 2 Year 1946 i ; Apr 35%; Jan' 2 44% July 28 Mar 20 59 < Highest . $ per. share 13 - ■ . Lowest. $ per share $ per share share , 29% Sep > ,18% -Fob 80 May 248: May 76% Jan Deo. 117% Jan 24% Sep 27% Dec 30% May 34 July 122 May 51% Deo 5 2 39% Jan 21 107 115% May 16 120% Aug 12 116 4 109 % Aug 12 *98% May 28 105% Feb —— 3 3%% preferred series A —10o Philip Morris & Co Ltd common—-5 4% preferred— " 100 3.60 series preferred 100 290 27% Jan 25 108% Jun ; 2 ' .105 preferred — —100 preferred —100 A. Reading Coal & Iron—1 3.8% 4,700 . 22 23, May 13 3 Corp 65 May 19 6 26% Jan Co Jan. ' 20% Sep Sep 37% Not ; 101% Feb 13 - 81% J un ; , 118% Sep2 May 19 5 47 0 - 110 6 115% Aug 12 - ' 3 May 13 38 (Chas) &. Co Inc—U—1 Philco ; 6 Li 28% Jun Phila 953A *98 ■ Electric 1,600 29% Jan 26% Feb $1 preference common——No par •- • Apr 18 Jan 29 26 common—No par Phila 153A 103 7A Sep 17% Sep .4.4% , - ^ Philadelphia C0 6 ^ preferred—50 ,'$6. preferred-—1 iNo par 28SA : x29% *98 Pfizer 500 8,600 *1023/8 99'/2 Pfeiffer 4,000 . 107% 30% *98 29 1 ..Phelps-Dodge Corp———^-25 118 107'A Apr 15 13% May 19 STOCK 570 29% 1037/b 99% : 1,600 237/s "1 10% May 19' 21 Jan 16 * 89 , May 23 26% May l9 '109% Aug 27% Jan 3 Deo 19% Feb Deo 47 Jan > Deo 102 11% 15% July 24 30% Feb 18 89 Oct 20% 98% Mar 17 18 33% Feb 25 104% Dec 8 96% Dec 43% Jan 102% July 15 109 96% Aug 11 .101 - Mar Sep < 71 Jan 112 : - Z Sep1 Jun 1 > . 106% Aug. " * 29 29 *91% 58% *13 *91 14 36 57% 13% 36 *105y4 * *28 92% 59 34% 107 *i05y4 *105 58 ya 15% 35 % 107 *102 133/4 14 97 98 28% *203/a 28% 21 *13% 91 27 ?2G% 57% 15% *35 *105% 58 16 36% 107 *102 133/4 91 283/4 *133/8 56% 58 16% *353/4 16% 36% *105% 106 % "105 28 16% 600 Phoenix 353A 800 Pillsbury Mills Inc common *105% 106% *105 13% 13% 13% 13% ,000 94% 95 943/4 943A 860 273/4 28 28% 29% 29 29% 21 21 22 22 22 170 *158 170 '158 170 *158 *170 174% *170 174% *170 173% *170 $4 *21%; 22 -170 173% - 11 ,000 400 Hosiery preferred Pitts C 13% 95 *158 23. • 92 174% page ,000 cumulative 353/4 170 see No par preferred—-—100 Phillips Petroleum— ^—Nopar Phillips Jones Corp com 5% 563/4 *16 *170 footnotes 200 92% 56% *158 For 28 *91 C A ——5 —25 No par St Louis RR convertible No par Pitts Consolidation Coal Co^ —1 Pittsburgh Forgings Co— 1 Pitts Ft Wayne & Chic Ry com—100 7% preferred preferred—.; Apr 29 Jan 17 50% Mar 15 31% July 17 Jun 100 May 16 Sep 23 18% Jan 2 91 Not ^ .v, 16% Dec 41 Jan 29% Sep Sep 36 Deo r' 102% 110 Feb Oct 136 May Feb 123 10 Jan 89 73% Jan 1 18 108 12 . 38% July 24 Feb 19 10 30% Apr 28 2 103% Jan 36 Deo 84 49 93 Feb Oct 20% July 25 633A July 14 —100 Pitts Coke A Chem Co com—No par $5 21 81 14% Aug 15 7% Sep Mar 29 89% Deo 102 293/4 Sep 25 263/4 Feb 10 17 Vs May 19 165 Aug 1 169 170 Sep LO 203 Aug 22 2 Jan 17% Not 15% 106 > Feb Feb 26% May Deo 30 Feb 197 July 202 May 200 Not 210 Mar *16% ! Jun July 20% 37% JanZ,; 4 i Apr 27 Oct 13; 70% Feb 8 Sep Oct Sep 100 9 160% 181% 11% 34% 12% Deo • July 18 52 13 48 Range lor Frevious 9,300 . 101 23%-233/4 108% 30% t t Not 2 Feb - STOCKS EXCHANGE 1,900 / 55 101 - 55 120 103% 16% .. 14 % 29% Corp, of America——5 NEW YORK Shares 443A % 417/s *1073/4 *98 1 43% *118 *102% Petroleum the Week ; 5 2nd preferred—"—-.i-i. 100 4V4% Sales for / 43% 54 101 23% - 41% - 15% 99% - 8 V* May 19 7 % Sen Pepsi-Cola Co—1——1-^—-33 y3c Pet Milk- Co Jcommon—-—No par 2,400 ; "V . $ per share 120% 30% 7 Jun 28 Vs Me y 20 Ry.Co———100 Peoria & Eastern 50 16 1083/4 103% < 8 168 , 37 People® O L A Coke..(Chic)__i—100 1,600 %( 10 l43/4 : Peoples Drug Stores Inc 7do 1,000 *118 29% . 13",800 *1073/4 103% . 29%. 15% *98 130 100 ; 283/4- 108% *95 6 ; preferred—100 29% 15 ; 49 13 129% Jan Feb. Aug 25 3% May 16 21% Jan 10 .34% M^y Pojver A Light Co—No par 28% *108 ' CLOSED v. ,5% v, > 10% * Thursday 41%,/ 237/8 19 20% Sep a com—No par Penn 100 '9T Sept. 24 42% 102 39% Feb 58% Jun 10 Pennsylvania RR————50 Pennsylvania Salt Mfg Co com_j;_10 3%s series A preferred :—^100 '■*''■• $ per share 41 "233A -29% - 51% \ Wednesday 42% 102 .. *107% 103/8 42% 547/a 47% Jun 67% Jun " Corp., 10 Cement Co ——1—7 Glass Sand Corp Penn PRICES 44% '• 54 % Pd 28_% 29% *118% 120% *9% 41 *• 102 _ 10% 16 ' 23% 90%,y 42% r. 54% *100% . STOCK •> 90% 16 42% u *51 92 " $ per share , . 30 Monday Sept. 23 t per share *115% 52% >8% 108% 10% LOW . 116 yf *91 10 28% 30 / 108% ' * > *50 ' 2934 30 *107 • *115 Vi 92 " 10 48 Oct « Sep 24 5% Jan, 13 Coal & Coke 20,900 115% 52%, 116 Deo 36% I Sep 12Sep 15 42 104 Penn-Central Airlines Corp-—— 1 45% 46% 913/4 • No par Penn-Dixie July 24 "40% Jan Enterprises—.——5 Penick A Ford—I—— Jan 25 % 64% Sep 28% Oct 4% Sep No par 15,800 18 52% 19% Deo 18 13 _100 Transportation-, Patlno Mines A 200 19% IB *50% ».j Apr 11 , Penney (J C) Co—i—No par . 19% 18 y8 10 Parmelee 112 19% 18 '■-■7 91% t-,l 100 10% Oct 12% . Jun 111% May Oct 69% Not Sep 24 Feb 35 43 Vs Jan Pictures, Inc—i———1. Tilford Inc-! Z—!—1 Penn { 19% *45% •6% '. 62% Jan Cos Iric* common—No par 1,400 ; 15% 193/4 46% 16 Jan j Z180% May 3 Refining——1 2,100 : 18%; 29 31 117 y4 4 .July25 f • 14% 18% *45 3/4 Oct 158 Sep -19% Deo 3 , Transp—5 6,800 ' r Deo • 3,200 7% 1 73/e 7 93 80 : 1 ' 8 j ; Feb - 51% May i' 39% Feb" i Jan - No par Parker Rust /Proof Co—^.—^>—2.50 200 '■ & 28% Feb 17% •Jan .120 Sep -26 13; 163% Jan 16/ (1 19 91 .Parke 600 ' - 423/4 Prod 33% Feb .. {| Jun '* *119% J»n 10% Hot 25 Jan ,.4-» 22% Jun 36 ; 99% Ocfc *113. t! 37% iter -29% July z 75 : park Utali Consolidated Mines—L Davis & Co—>———No par • 2,300 33'A 42% 19% *116 & ; J May -vll2' - 28% Feb* 13; May 28 152 Airways Corp—2% Petrol 27% July 14 July 23; 25% Feb 8 c ; 30% B69 im%. Jun 19% Feh 21 Sep 18 % Not * 25 Apr 10 25% May 19 ~10 convertible preferred- Park 300" f 1,500 14% *293/8 112 Corp Car— 19% May . 16 Paramount 2.200 10 • *32% •V 4% . .{2,100 ; 7%' *9% 9% 333/8 43% 43% Paraffine <- S" 29% *7% 7% Panhandle ' 19,300: . 40%; • ,5%;:. 2% 29 600 , *37% 38 2,800 - 223/4, ' 2% V*, 1Q9 22% 240 > 9 70 *69 22'A *40% 105 *104 63/8 *106%. 109 28% *33 14% 18% Motor American Oil . 34% Jun Panhandle East Pipe L com—No par 4% preferred—100 2,000 ' 9% 33% 7% ■ Western Pan-American 51 18. V Pacific . 15% 50 3/4 69 38% 7% -43% 14% 18% *108% 44 7/a not Jan > 24 Telep & TelCg common—100 preferred— j. ^—100 6% • Jan 22 54 —No par — 9 ' No par Pacific Tin Consolidated Corp_—_1 ' 7-% *29 %! > •" 283/4 10'A *33 % - 14% *,18% 109 373/4 28% 43% .14 Lighting Corp Pacific . 10 : 4% 105% 6% *403/4- jr'41% '2% 38% 7% TVs' ■ 290 1,100' 9% 51 69 - .-*21' i'! '22% " i Pacific Mill3 43/8 *14 ' 2% 28% .10 15% *104 6% 69 *106% ' . 403/4 >40% . ; i 43% .. 22% 7% *9% / 500 157% , 42 10 50% 104% 6% *68% . 29 34 1 Pacific \\ 8% May 19 2nd preferred non-cum—-No par Pacific Gas & Electric———1 -25 ■ 800 { 10.1 43A 43/4 9% *14 ~ 50% 104 6% 70 38 *7% IOO 43% 4% 9% 15 50% 38%' *28% 4. *106 % 109 2% , 6,300 10 50 non-cum——No par ( ' 106 *68% 43/4 *14 51 6 '/a >• , .3 '/J' *40% .>41 Va $ . f - .22% ' 106 6% 69. : *106% t > ■ 108 6y2 68 < 50% 4% 93A 15 1- >50% 70 ; ; 33%, Xl57% 43A 41% • ' ■ 40 common 1 85% Jan 16% Dccrr" . 107 Feb 17; 13% Feb 4/ 118 Feb;6 Aug 28 70% July —5 preferred "• 43/4 43 101 *157% ' 43/4 40 40 84 12.50 —10 1st . May 12 19% May 15 No par Pacific, Amer Fisheries Inc Apr j.4 154 &, Mfg——2.50 Glass Co 31 J6%Hep 26 24 May 19 .. No par common--- , Pacific Coast Co « 55% *39 >_^lo • | *111% Feb 16 i9% Jun 9 17% May IT Ai_100 Co Owens-Illinois 90 40% *157% ■ preferred 15 97 Jun 11 '7% May 7 86 May 7 preferred—i——i_lOO Outlet ' -54% *37 r 60. 70 14% Elevator 6% 3,500 14% *13J/4 '• convertible 13% Feb' 11 xl«% Fob : r No par preferred_i_100 Corp- (The) common^.—6 '>66% Jan Oct;.''; 44 ' 15 31% Apr 21 • , 45% Jan.> t 106% Sep <24 ; 2 104% Hef 96% Dec 18% Not 24% May 22 12 12% Sep pfd—2© common__— Outboard Marine 2,300 14 < 8% Otis 140. 22% *158 22% Apr- • > 17 ' Jun -6% May 16 . . convertible Oppenlieim Collins 3,100 f 22% 160 *22% 14 40 y8 : • 1,800. i ,38% : Corp 4%% Omnibus 70 100% 16% 73 . < 800 83/4 100% Oklohoma Gas & Elec 4% Oliver 400. 1 *22% 75% 29% 160 160 , 22% 87 14 18 CoJi.——2.5q 4,40%. preferred—— —i_100 Ohio Oii Co—:—_^—No par 6,100 v Rubber——No paT ' >*18 Aug 20 19% Aug 20 33 Ohio Edison Co common-———8 200 23% 102 102 102% 83A 102 *20% *21%. "203/4 233A 102 9 ; ... -203/4 24 i 102 ♦100% - .-25 300 35% *34% *13% * & Pharmacal 1063/4 -♦71% > Tire Norwich 35% "74% . Norwalk 300 1063/4 *85 ' 400. - < 25 Va : 18% *160, *22Vs • 13 >'■102% Feb 24 11 1, Telegraph..——__50 *34% ;*20% 101 r 29% . -7 97% Sep . cumulative.preferred—25 . Northwestern .1063A 9 101 *18 123/4 4.6% 250 35% 24% 102 " 8% ; > 7 7% 123/4 ; . v ' 107% 21%, 23% 102 *6% 13 3,900 . 35>/4 25 26 y8 *20% < " V 36 *12 3A 36 ,7 *123/4 12% " 106 3/4 , 107% 25% , •.-7 ,7 12% 23 36 ' 36 4,600 . 23 22%"~'23% 1 (Minn)—. pfd $3^60 series——.No par Northwest Airlines Inc cdmmon—10 Cum . ? j 3 Volume' 166; Number 4633 ■ THE COMMERCIAL & FINANCIAL CHRONICLE (1269) N EW LOW Saturday l ■ I Monday Sept. 20 Sept. 22 per share $per share - 37 \ SALE 37% 9 8% Sept, 25 . $ per share 12% 12'/. , ♦130 -1 ■; ,37yB 37% 9 X8% 9 12% , 12% ' ,121/4: i2% ,v *130 ? , ♦130 . 83 V2 •' 83% 14 . 14 ; ♦154. 24 ST0GK 10% *35% iov® -4 66% 25% *35% 94 % 22% 129% 116% 145 145 - »*111% 53% 53% 25 % •107 , >145 . - 30% 25 22 22 8 31 - •22 8% 8 75 10% *103% 104% ♦103% 31% 27'A 106% 107% 116 >/4 1163/4- 144 • *.29% 37% 37% 19%. 18% ,19% 453/4 43 38 36 *13% 14 99 •95 14 14 113 13% 14 *1121/4 114 24 yB 24 11% 11% U% 99% 30 3A 30% 303/8 30% 7% 7% 7% 7% 43/4 4% 4% ♦11% 11% ♦11% lls/s 261/2 26 3/4 253/4 1113/4 111% 111% 111% 19% 20 y. 100'A 7 20 ♦100% 7% 21% 22% *103 •10% 11 yB *10% 40% 39% 49% 49 •101% 1023/4 102" 20% 21 20% 16 153/4 26% 26% ♦6 *25% *20 101 30 5,100 4 3/4 3,600 11'A 400 4% 253/4 26V4 111% 111% 111 19% 20% 19 *103 10% 10% 39% 40 49% 101 *49 101 101 20% 15% 15% *25% 27% ♦25% 27% 5% 6 ♦20% 21 : *26 "27% 58 58% 57% 20% 20% *20 % AND HIGH S per share SALE Tuesday Sept. 23 $ per share 44% 44 3/4 43% 8% 8'A 8% 6 58 58% 20% 20 % 44 Sales for Sept. 26 the Week 43 81/4 $ per share 44 8% 42% 8"A , 43 8'A 293/4 28 28% 28 28% 10 28 % 10% 10% 10 10% 10 10% 93'A 93% 94 23 9% 34% 351/4 45 5/a EXCHANGE 102% 99% , CLOSED 114 22% 46/8 *102 *99% 34 ♦45% 463/4 102 *99 s/s 100 151/a 15% 151/4 ♦95% 96% 153/4 161/4 16 34% 102 96% 102% 99% 46% *102 99% *99% ..■» , 102% 99% 40 > 6% *5% 363A 36% 11% 11% 6 ♦11% 36% 11% 8% 8% 83/4 8% 8% 11% 11% 11% 11 % . 11% 104 153/4 16% ♦44% *45iA 30% *5% 11% 36% 111/4 *8% 8% 11% 11% 104 *'•' 46 293/4 5% 36% 113A 83/s 8% 113/a 2,800 113/8" cum (The) pfd—100 ; _5 : Seiberling Rubber Co—_—— 23% 235/a 23% 23% 23% 33% 1,600 34 Shamrock 331/4 333/s 1,600 Sharon 79 79 ♦79 21'A 1,900 17 17 295/a *79 6% 4% 4% 35% 36% ♦12 ♦42 15% 43% 353/4 *42 363/a 43 21% 21 *79 81 *79 16% 80 17 100 17 17 17 1,400 12% 29% - 21% 60 80% 16% 30 3/4 63/4 7 *12 29% 29 7% ♦43/s 36% ♦42 4% 36% 44 6% 12% ♦12 12% 29% ■ 29 7 4% 4% 35% 1,100 36% 423/4 35% 35 5/« 2,300 *42 42%' 15% 16 153/s 15% 88% 15% 86% 153/4 87 15%' 15% 18 843/4 18% 86 843/4 55% 55 55 343/a 34% 35 18,i/» *99 101 *99 27% 273/4 27 27 ♦26 16 ; 19 18% 56 34% 18% 55 55 34% 34% 34% 101 *99 101 18'A 18% *55 *99 1,000 26% 26 26 15% 16% 15% 16% *26% 4% 15% 16 4% 4'A 153/4 4% 6 4% 4% 4'/a 6% 4'/a "6% 6% g g 19% 41 171 31% 19% 4lVa 171 31% 19% 413A *167 52 193/a 41% 171 19% .41% ♦169 51% 10% 41% 171 *50 183/4 41% 169 51% 19 271/4 16 50% ♦41 167 18% - 411% 167 2,000 ' 3,500 preferred Southern California 2,200 Southern 31% 31% 32 23% 43% 23% 24 313/4 24 24 423/a 42 235/8 43% 42% 38 % 43% 37% 38% 36% 373A 42% 43 Yb 36% 37% 62 37% 62% 62% /5.400 78 78 8% ;.8,700 365/B *78 82 For; footnotes see page 23. 611/4 ♦78 62 82 60% ♦78 82 ♦61 78 Greyhound Lines Rico Sugar com—No 313/4 23% 31% 23% 313A 233/4 37% r? -5 '-1 South Porto 130 63'A 78 !800 70 ' Natural _—_100 Southern Pacific do^r t*^Np oar Southern Railway common—Ro 5 Vo non-cura L, *100 preferred 04 11% Deo 80% Deo 12% Deo 33 Deo 42 116 Mar 18 1 100 Oct 100 1033/4 Sep 102'A July May 34% May 110% Sep 9% Not 63 Not 49% Jan 98% Mar 65 Feb Deo Jan Auf July 61 110% Jun 95% Deo 102% Not 17% Sep Sep 37% Jan 77% Feb 19% Apr 17% Feb 3 9 16% Fe b 167/b Feb Sep 22 110 11 Jan 7 33% Jan Jun 82 May 16 Jun 13% Not 12% Oct 1 May 19 3 36 Feb Feb 106 17% 18 23 22 Jan 24% Jan 113% May 32% Apr 40% Feb 27% Feb July 17 39% May 81% May 81% Apr 43% Feb 10 34 Jan 77 49% Apr 33% May 32% July ' 17% Sep 21% Feb 18 20 Dec Oct 23% Oct 6 19 19 Oct 6V4 Not 35% Not 10% Not 403/4 July 14 16 Va Feb 8 May 19 19 9% Feb 17 14 63A Feb 8 19 41 Jan 7 Apr 22 May 19 51 Feb 21 Mar 15 167/s July 28 88'A Sep 23 8 • Dec 6% Oct 33 Not Jun 17% July 14% Feb M% Jun 38% Jan 61 15 10% Jan Oct May 64 Jan 13 14 Sep 15% 27% Jun 20% Feb 60% July 11 42 Oct 91 Jan Jan 39 23 102% Jun 30 35% Jan 6 17 July 11 5Vt Feb 8 9 Aug 4 8% Jan 26 64% Apr 22% Jan 9 7 Jan 18 35% Nor 99 Dec 29% Sep 41 13% 16% Oct 4% Sep 7% Deo 62% Deo 20% Deo 48% Sep Feb 15% May 100 July May Jun •%May • Not •3 Not 12% Deo 167 Deo 34% Jan 7 30 Sep 19% Feb 123 May 39% July 28% Feb 4 22% Jan 33% May 19 28*— May 19 47% Feb 8 38% Oot 70 Jun 50% Jan 2 33 68 Jun 573/4 May 19 77 8 64% Oct 74 % Jun 81 154May 19 30,%;Apr 25 22 Vij July 29 34 % Apr 100 Mobile & Ohio sick tr ctfs 55% Jan 50 % Sep par • Not 4 11% Feb 14% May 28 37'/4 May 19 _5 Edison^-f—25 22 114% Mar 273/4 July 6 par G«is Co!*_l/_7.50 23 133/4 Mar 14 3 % May 20 50 Southeastern 700 * 43'A 31% preferred—— Highest tper share Sep 23 8 May 20 May 20 29% May 19 98 Apr 2 24% July 1 par 5% • 65 15 South Amer Gold & Platinum ll South Carolina E & G Co com—7.50 100 431/4 62'A Jan 15 10 Socony Vacuum Oil Co Inc 2,700 50% 18% 41% 169% 600 2,100 23% 62% Apt 38 20 (A) & Sons Carpet Co com 20 cumulative preferred 100 Smith & Corona Typewriter—No 28,600 2 48 42 39 15 ' Aug 8 113/4 July 17 98% July 24 26'A July 17 14 No par No par — 31/2% 63A *50 Oct $ per share 33% July 24 10% Feb 6 Mar 24% May 6 34 May 4 Apr 27% May Smith 101 4'A 52 6% Oct 17 12% Jan 12 1 .1 Sloss-Sheffield Steel & Iron Smith (A O) Corp 700 341/4 16% *50 44 Oct 2 16 15 * Corp of America. Sinclair Oil Corp—I Skelly Oil Co 1,500 56 34 6% 6% ♦50 f Co Oil— Union Simonds Saw & Steel. 19,100 4,600 4% 6%, Jun 20% May 26 65% Jan 75 par 100 86 *55 30 12% Oct Year 1946 18 Silver King Coalition Mines—^..5 Simmons Co [No 43/8 87 101 Pen Sheraton 43/8 423/4 (W A) Shell 16% 34% Sheaffer 6,700 4,100 87 *99 Jan 108% Feb Dec Lowest 20% Apr 15 243/4 May 19 [No par 6% 18% 55 ■; Feb 33 - 13 56 181 Aug 15 Feb ■ Aug 26 ; 86% Feb < 46% Jun 00% July ' Not 15 102 1 ! Corp. 29% 18% ■ 100 No par Oil & Gas— Steel 6% 8.4% f 43 100 19 24% Feb 13 10 % Sharpe & Dolime common—No par $3.50 conv pref series A—No par Shattuck (Prank G) No par 4»/8 136 12% Not 36% Sep Feb Apr 18% Jan 20 11% Sep 8 % Sep l .17 I"'. ' 1 Servel Inc common— $4.50 preferred 1 3 5% May 17 30% May 19 No par Seeger Refrigerator Co. 34 7 7 23 5 21% 30% 16% May 46% Jan 111/4 May 19 393/4 May 17 No par 21% 43/« 11% May 110% Jan 14% May 19 90 Jun 26 100 34 23% 23 May 19 96% May 96% Jan common—5 — Sears Roebuck & Co 1,000 104 No par No par 22 63/4 Sep Sep 9% Oct 24% Sep 105% Sep $ per share 9 7'A May 19 23 % May 17 41% Mar 14 34% 30% Feb 118 87 28 60 46% Oct 7 8 2 Jan 21% Feb i Oct Feb 25% Feb 17 20 Va *1.75 preferred Seagrave Corp 400 104 cum Jun 5 34 12% Apr Jan Range Since January 1 Lowest Highest xll0% Jun 17 213A *12% Oct 34% 100 221A 12% 13% 24% 107% 18 24% Apr 1 17% Feb > 40% Sep 92% Sep 100 251/4 12% 4 21 .* Deo 104 9 9 % Jun —5 5% preferred series A Seaboard Oil Co of Del; 14,800 11% A 34'A 17% 7 Apr 14% July 7% Not 3 16% Feb 5% May 19 May 19 cumulative preferred 100 Seaboard Air Line com v t c„No par 400 35% . series common preferred 21% 81 106% 7 44% Feb $ per share 3.35% 1,200 5% pfd 4.40% 34'A -24 101 Oct 11% Feb 18 Scranton Elec Co 600 293A 6 36/ *102% 15% 46 293/4 : Scovill Mfg Co 3.65% 3,400 36% 23% 17% May May ( Dec 21% Oot 40 $3.4o 70 15 % 15% 30% , Jan 74 20% Feb 21 Par « 24% • 14% not Range for Previous • Savage Arms Corp. Schenley Distillers Corp Scott Paper Co common. 10 8% ' 26% Deo 13% Feb 30% wm 08 /Ma* —10 1st 1,600 ♦102 Feb < ? 120% Jan 45% Apr, 17% Aug 31 Feb 10% Mar 31 24 34 Mar 31 61% Sep 18 : ' Joseph Lead 5% 300 15% 11% v *46 95'A 45 103% 76% Sep - 28% May 19 _5 ■ Safeway Stores 38,500 15% 45 ♦102 46% 34 951/4 30% 104 33 151/8 45 102 102 2,900 963/8 30% 11% *46 9% 15% 44% 11% 34% 350 *95% 30% 36% 32% 4,400 9% 9% 720 22% 112% 15% 46% 36% 9% 94% 22'A 963/b 31 6 July 25 May > 31 Apr 112% Feb 16% Oct Oct 39 124 16 / Feb i Feb i 19% Sep 4 42% May 19 .No par , 15% 15% 46% 61/4 Deo 20 110 14 St L-San F Ry Co com v t c__No par Preferred series A 5%. 100 St Regis Paper Co common— 5 4,000 112% 22% 113 St 15,100 *95i/4 , 303/4 *6 112% *93% " 102% 15% 15% 9 100 *95% ' 223/4 114 9 353/4 46% 22% ♦113 9% 333/4 99'A' 22% 114 9% 461% 102% STOCK 22% 114% 93/8 Apr STOCK ' ■ 5,800 291 10% 22% 12% 11 15% Feb May 27 5% Sep EXCHANGE •3,000 83/s 28% 93% NEW YORK Shares 103/8 114% Ruspart Sep 30% Feb 23 % May 16 par 1 (The)_ ! (Jacob) —! 80 113% May 28 243A Feb 16 9 133A Jan No par Co 4 STOCKS Friday Sept. 35 $ per share 44% 8% 921/2 Rubfixaid 500 Thursday share 29% 92% Corp Company———No Royal Typewriter—— 1,990 20% 10»/e 93'A Oil 19 Roan Antelope Copper Mines.*—— 700 59% 29% 93'/4 Richfield Not 8% Feb 45 May 29 1003A Jun 26 -*_1 Ritter Oct 15 IOO 9 May 19 36% Apr 14 —100 800 •20 59% 20% - series 100 6 19% 3.60% Manufacturing Co__ 2,500 90 lo Preferred Rheem 1,400 ' 19 % Jun ! Apr Apr f' 33% Feb i 03% Jun ' 40 % Jan Sep 36% 1 97/« Jan May 19 t Mar PRICES $ per 8% *53/4 20%: 58 203A Wednesday ; Sept. 24 45 6 20% 2.50 Common 700 20% 153/4 : July 14 2 Jun 30 v. Dec 323A Aug 12 Sep 10 67/a Sep 15 5 40 101 20% 15% 14/ Jan 33 102 100 Feb- 19 86% 89% 112% 40% • 106% Dec 84% Feb 18 17 Aug 11 22% May 19 110% Jan 3 com—No par 9 No? 76% Dee 15% Oct ,8 4 Jun 30- 16% Feb 25 Feb Jan May 08% Abf 17% Sep 4% May 19 4% Aug 25 —.100 Feb 33 Jan Jan 117% 00% 30% 118% 38% Sep If % 13 11 Not 30 14 17 _50c 120 139%May 166 47% Sep 19% Feb m - Oct 10 29% Feb —1 convertible 112 3 July 116% Jan 32% Not, 16% Sep 125 14 Sep 24 99% Sep 23 24% Jan 13 1 Co '8 25 17 : ;i% Sep ——25 - 9 20% May 21 Sep 41 30% Jun Sep 108 ' Sep 114% Aug 119% Jun 40 May 16 70 May 100% May 103 Iff 18% Feb 108% Mar May 17 'A % convertible preferred—_100 Reynolds Spring i—: ,_1 Reynolds (R J) Tob, class B ^10 100 49% 11 5%%' preferred.*.!, Rexall Drug lnc„—_—*• 21 39 9 85 Reynolds Metals 4,100- 20 3/4 „ < 50 11, 15% 58% Sept. 22 2,300 20% 203A Monday 15,500 15% 58% Sept. 20 7 Va 104 v ' Saturday 30 Sep Inc..—.—__50c preferred *—10 Republic Steel Corp com—No par 6% conv prior pfd series A 100 Revere Copper & Brass com—No par 400 21% / . 21% ♦103 99 07 9*44 doc 31 Sep17% Oct 1 5 oa% 1% W Apr Not 28J/4 Sep 18/ 3 (Robt) & Co 1st pfd 100 Reliable Stores Corp— ; No par Reliance Mfg Co common—No par Conv pfd 3'A% series _!-100 Remington-Rand new common 50c $1 3,500 Mar . , 38% Feb 9ya May 17 100 ST 22% July 25 48% July 25 34% May 22 5 : Republic Aviation Corp— Republic Pictures common- 14,000 193A 40 393/4 *49 102% • 102 HL >21% 104% *10% 26 »/8 111 % .*100 7% 21 y4 11% 253/4 5o preferred 41 common $4.50 preferred Reo Motors Inc— 1,000 7% 11'A 102 : 100" 30'/a 43/4 7 : 7% 11% *100 10 ♦29% 7% .. " 3,800 1011 50 Reis 1,400 ■' 14% ♦99% 30 7'/B 49% *20% S per share 11% 70 20%, 21 LOW *11% Real Silk Hosiery Preferred J Reeves Bros 200 *68'A 14% . 40 70 1st preferred— 27% Feb r -[ 30 •• Feb ' 4 Feb Oct SDec Oct 10% Feb • 1 00% Feb./ 15% Jan 2 105% Mar 12 41 [OS*# Sep " 102% Feb 1338% Jan 2 17 31% Jun 88 July Oct -11% wo* 13% Jan 27 May 28 ,38% May 19 17 May 19 35% Jun " 9 16% May 17 50 Oct -2 1 Mar 14 102 ——r common. nbn-cum 4%>non-cum 2nd > 1,200 114 11% *99 39% 101% 200 — *24% ■r 25 14% 4% 600 , pfd—.*1^00i common— 82% Jan Feb r» 86% m M fcta* 34% Jen 206 Hot Not i67y4Julyl7 7% May 19 preferred-—25 Reading Co 100 ' * $2 • 1,400 * 133/4 ♦1121/4 25 43/4 39% 6 20% 20% 6 115 - 191/4 13% 11% ♦48% 27% 6% 115 11% *10% 15% 13% ♦243/a 105 21% *103 (20% 15% 13% 101'A 7y8 21% 7 49 102 99 20% 100% ;40% 49% 13% *95 43A 20 11% 40 *12% 11% 263/8 • *111% 104 13% 99 13% 1113/4 26 22 102% 38 *95 101 ♦11% 7% 22 104% *36 14% 43/4. 101% 7 38 •' 7% , 20% 45 Rkyoniex Inc Feb 13?: Feb 17 36% Feb Apr 15 10% May 21 Raybestos Manhattan———No par '- 5,700 / 600 : - 373/4 19% ♦41 % 70 7% 26% *37% 30'/8 43/, 37%, 19% 800 - Jen 22 141 not 13 12% 18 20% : 14% : Jan 14 Oct 200 : .. 43 48% '081 nay 68% Dee UK Oct 34 Sep 10 118%'Feb 3 •'» 10 16 70 par 108 26% Juiv 28 May 19 20 Radio-Keith-Orpheum_—__ 1—1 Ralstdn Purina Co 33/j,% 271/8 25 Radio Corp of America com—No par $3.50 conv 1st preferred—No . !' , par No par common conv Quaker State Oil Refining Corp—10 800 r X26% r, 12,500 30 ' t- ,14% Jan 28 25% Feb 103% Apr 24 111 Aug 109% May 14- " 120V4 July 117 May 28 . 130 ' Aug 127 Jan * 2 146% July 110% Jun 24 114% Feb 51% May 19 61% Feb 21% May 19 28% July 1067/a Jun 2 109% Jan Inc————*—„No (The) 21% Jan , preferred!—^ —_100 Purity Bakeries Corp.—i——No par 16,400 , 45 71 30% 30 ; 27% , 11% ♦99 *103'A 303/4 . 14% 14 8 11, 104% 5% - 100 76 : 10% *36 25 ♦70 14% 99% 14% 7% *74% . 104%: 19% 1133/4 113/4 71 14% 100 «/a 8 "22% *41% 13% ♦24% *22 74% *37% 13% 1133/4 . 223/4 11 27 99 13%. 11% ♦70 14% •99% 100% 1,100 *29% 38 13% 24 71 30%- '301/3 18% ♦95 . X24% •70 Pure Oil "1031/2 45 *36 99 13% 114% Pullman 400 1 53 , 8ep <7% Deo 8% Oct 14 , 15%May 17 93'A Sep 25 30% May 19 preferred-,.-—Lj——i—lOo 3,000 523% Inc 8% • preferred-!—l.--——-100 Pub Serv Elec & Gas pfd $5—No par 7,100 10%" 37% 18% *41 37 13 ♦96 .-.*37% 4 . 43 ■ ; 7% r • : 50 25 lA 27% 27% 1 170 . f1 ■ IO71/2 7% 74% 30 > 220 ; - 111% 25 ,.♦22 ♦103% .104% 28'A ' • ♦107 8% 303/4 770 25% -10%; 11 27% 143 " 111% _No par com 5 cum 53% 75 „ 143 ; t- < 430 Industries 193A May 19 11% May;17 May 17 34 May 19 57 - May 20 ('9: preferred,—_No par. Public Service Co of Colorado—20Pub Serv Corp of N J com__No par $5 preferred-*!—.—! No par' 6% preferred—-—— -100 ■• .5,500 • $4.75 ; 2,100 - - 129 v 1291/4 ' 144 : 80 25 223/4 7%, 743/4 94 523/4 30% ♦22 *93 107% 107% 30% ''30% 25% 107% 30% . f ♦111% 113 53 25 30% 37% *35% Publicker 1073/4'108% " - 4,600 M16% 117y4 129% 129'/4 107% 104 % 19% 24% 35% ' 11% •43 233/4 93% '223/a 75% 11% 37'A 25% 35 »/8 8% 77 • Procter & Gambles 221/B 129 % 22% 11% 273/4 2,700 353/4 , • 77 31% 663A 13 $ per share 30 Sep 16 87% Sep 25 ; 84% Sep 18' 17% feo : 200 •; Jap 23 35'A Sep 26 Sep 22 Apr 19 21 Prewed Steel Car Co ,Inc com—--L1 /■ 4%% preerred series A____i___50 200 22% 52% ; 7,100 663/s ; 10 - 1 9% Feb Highest $ per share 136 10% May 19 171 May 15 17V* May 16 _5 66% " ■ Jan * 13% July 25 Apr 22 67 Pond Creek Pocahontas__/___-——1 Poor 48c Co class B_^i./_____No par,. 800 1 36 > 353/4 *143% .145 *111% 113 : 25% ♦30% .10% - 22% 117 y4 107% 107% 30% J 14 - 36 % " *116% - 53% 25% 14 10 353/4 Plymouth Oil Co.: 400 22 % ■ 129% 111% 1,000 • - 13% 10% " 93% ,;108% ,108% * 53 107% • .23% 30 % 30% 500 42% Feb 59% May 17 ; -Pittsburgh Young & Ash pfd_—._100 Pittston CO (The) —1 Plough Inc —i.__i 5 ' 66% 24% " ' 145 111% . 313/s 8,100 : 114 Year 1946 Lowest $ per share 32ye Apr 21 7 May 19 : 8Ya May 19 . preferred class j—. 100 5%% 1st ser conv prior pfd__100 Pittsburgh & West Virginia—:—100 _.i. 94 221/4 129% i129% ii2ya > $ per share 5% 500 i • 11 -> 23% . 310 ; *35% 22% 108% 116% 117 129% 23% *10 37% " Par , , 160 35% ♦93% 108% , 7,700/' Pittsburgh Steel Co com^„_No par __L 7% preferred class B—-i.iJ-,_100. 166 34% 10% 133/4 ■ > ♦154 ioy8 25% . ' A■ 82% 13% *12% • 34% ' • • Range for Previous Ranye Since January 1 /'Lowest Highest Pittsburgh Plate Glass Co __10 Pittsburgh Screw & Bolt_'_„__No par 3,100 / . " 86% *353/4 •: 66% . 24% " . 94 36 y4 109% 116% 10% ; 66% 13 ' 167 31 14% . 8% 13% 82% 23% ,*35Vz. 38 36% 22% 22% , : 10% . 25% ♦9? % 36% 109 14% . ■ STOCK . 5,000 '140 *85 83 10% 31% 66% 24 y2 " 35% *30% 38 66 26 94 11 8% ,13 - 33 ♦23% .'24 - Shares 37 *130 87% 154 32% •10 "' 37% 66% >. 167 32% ' 32 14% 10% * 13 24 '■V *31% '/ 14 14%. >10%. QWBm 23% ,. ; 14 - 11 8% 133/s 83 •13 37 140 07 •164 33 y2 NEW YORK - .EXCHANGE : ♦130 86 83% ' 83% ,■ : 167 32 ♦10 .32 14% . EXOHANGE ♦154 24V4. ♦31% 83 y4 UVu , 10% 84% • 83 y4 \ .. 85 • ■» *13% . 33 %. 10 84 -. 167 ♦32% , •\ 84V2 Sales for the Week * ; $ per share 37% 12% ' __ , 84% Friday Sept. 26 „, S per share • . RECORD . 37 9 21 STOCK8 Thursday Sept. 24 38% STOCK PRICES Wednesday . ,K $ per share f. 37 % 9 HIGH AND Tuesday Sept. 23 YORK 73 Sep Oct «o% 96 Jun Feb -tf JL2 , , ' (1270) RECORD STOCK YORK NEW Range for Previous STOCKS LOW Monday Saturday 51/8 9% *8% 9% *8% *8% *78% 61% ♦78% 84 78% 26 26 *26% 267/a -26% 27 26% 23 22% '.'22%' '22 y2 22 y8 *23 75 16% 16% 16 - 28% 98 % 27 y4 87 Va CLOSED 28% 98 59% 59 40'/a 39 -40% 76 % 72% 29% 30 • 39% 39 % 43 •42 *43 *44 47 *13% .14% 33 221/4 22% 20% ,13% 54% 121% *120 120 121/8 .12% 37% '37% '37% 9% 31/4 0% .20% -21% 21% 21'/a . 21 y4 21% 21 21 21 21 13 13% 12% ."•13 20 20 20% 12 11% '11% *104% 106% *104% ,53% 53% 12 y4 108 408 16 16 1,300 39 39 ' *106 108 10% 39 "33% 33% 33% 33% 33 y8 23% 23% 22% 23% 23 22% 22% 22% 22% 22 y8 99% 09 % *99 - ,• 5 5 *5 5% 5 17% 5474 in , 17% 17 17% 16% 16% 56% 54% 55% 54 % 54%. 54% 2% 21/4 1% 2ya 112 15% 15% 15% 15% 15% 52% 53% 15.. 500 54% 53% 15% Gulf 53% 54 y4 2,800 Texas Gulf 35 % 5,600 Texas Pacil'ic;'Coal & 2714 2,500 53 34% 34 % 34% 34% 35 34% 28 27%' 27% 27% 27% 27'/a 46% *45% 46% *45 % 46% 100 14 y4. *13%: 14 *13% 14 •: 400 52 *50 52 *50 52 27 Va 14% 53 *45% 45 3 4 14% 14 49% 49 y8 49% 190 7% 7% 7% 400 Oil Texas Pacific.Land Trust —x—1 Texas & Pacific Ry Co 2———100 Thatcher Glass Mfg Co common—5 .$2.40 conv preferred— No par The Fair • — No par Thermoid Co common————1. 82% div conv preferred—__-50 Third Avenue. Transit Corp__No i>ar - 20 52 *50% 14 *14 14% 14 14 14 14 14% .14 14% 10% 10% 10% 10 % 10% 10% 10% 1,600 10% 10% 10 Va 51 % 51% *50% 51% 50 50 51 •'8 21% 21% 20 y2 10% 10% *10% *42% 100 43% 21% 20% 20% 20% 20% 800 *10% 10% *10% 107/8 10% 10% 200 Thompson 4% 25% 20% 20 47 11% *25% 27 20 19% 20 107 *106% 107 *25% ' 100 27 7,500 <19% 19% 4 280 107 107 No par Oil com—lo. $3.75 preferred—^———No par preferred •$3.50 cum 107 16% 16% 16% 2,300 Detroit 16% *16% Timken 16 48% 47% 48 2,600 Roller 47% 47% Tlmken 47% 11% 11% 11% 11% 16% 17 16 y4 16 y4 14% 14% 47% 11% 47 ~ 6% . 6% -. T 6% i 106 106% 106 *24 24 24 24 26% 26% 25% 26% 25% *35% 37% 36 36% 36 *101% 101% 102% 9% 9% 9 3(37% 39% *13% 14 38% 36 y2 13% tTransamerica Corp___ 2,200 _2 Transcont'l & Western Air 200 & Williams Transue ■. Inc——5 Steel——No par 3'6'% 37 *36% 37 180 13 y4 13% *13% 13% 600 Twin 50 25% 37 2,500 12,000 1,000 100% 100% 700 8% 500 8% * 5,200■ 25 37 8% 13% - 25% 37 10014 36% 13% 108 24% 25% 25 Va ■ 13% *38 6,100 ' 6% 6y4 -*106 100 y4 iooy4 8% No par Bearing ,1 No par ,_No par 20th Century Fox Film com—No par •81.50 preferred _i No par $4.50 prior preferred No par Twin City Rap Transit com—No par 5% xonv prior preferred —_50' 36% 914 - 6% 107 24%- "24% 36 100 102 " *9 ♦ 15 6 % 107 25% ' 17 15 6% 24% . 11% 16 % - 107 *106 24 11% «' 15% *15 15% *15 '6% 1 " 8% , Tri-Continental $6 Corp common Coach —1 Co Sep May Aug May Jan 25% Jun Feb 68% Aug 62 than > Friday Thursday S per < 4 per share share % Shares 1,100 13 13 ■13 i3 y8 12% 12% *13% 13 % 13 13 49% 49% 49% 49% 48% 48% 48% 48% 48% 48% 10% 10'/« 700 -;33% 34% 4,200 103% 102 102-% 113% 113% 114 114 105 *104 V2 closed 22% % -136% 106 105 y2 35 22% 107% 107 % 20 Tosy* 105 *104% *104% 106% 22% *107 . 19% *104% *105% 34% 20% 5,200 2,300 *105% 108% 300 22% 107% 20 % 19% 105 105 33% 33% 34% 21% 108 21% 136% 21% 135 108' 107% 220 102 102 22 136% 135 V2 106 101 101% 21% 34% 21% • 105% 106% 101% 105% 20%/ 19 % 20% *105 22% 107% 150 22% *33% 34 % 21% *107 *113% .114 136 105% 105% -34% 35 22% 21% 135 y4 . 4,800 114% 102% 102 101% 101% 22 134 101 *113% *104% -106% 108 101 % 102 22% 136 106 _ " 102 22'/a 135% 10 y4 34 103 114 102 Stock ^exchange 10% 32% 33 114 *104% 10% 33 10% 33% T03% 33% *ioy4 10% -32y4 10% 33% 104 V4 10% 1,400 • 22 y4 107 y2 '.22 107 . 19% ► 500 12,400 - 200 14% Oct 26% May 18 35 Sep 65 May 18 13 y4 Sep 18 Sep 13 47 Sep 81% July 13 15 Sep 30% May 13 10 15 48 Sep Oct 70 Feb 14% Feb 5 Oct 20% Jun • Dec 18% Nov 21% May 9% 16 227/a July 25 11 14 V* Oct 59% Jan 30 38% Oct 69% Jun Oct 112% Jun Oct 13% Jan 32 Oct 68 Jan 22 July 25 108% Feb 24 17% Nov 24% APr 99% Nov 4 21% Feb 51% Feb 13 16 y8 Oct 26% Jun 38 y4 Oct 66% Jan 15% Jan 3 13% Oct 21% May 22% Jan 6 18% Deo 71: 3 14 Deo 83% Feb Oct 12% Jan 102 Mar 10 106 7% Feb 8 39% Feu 1 19% Feb 13 28 19 5% 5% 7 •7% Feb 112% Feb 8,800 20 400 105% *104% ' 31% 31 19% *19% 31% 31% 31% 30% 29 29 *2814 30% 28% 28% 5 4% 4% •4% 4% 5 4% ! * *62 62 02 *62 63% 2% 3 2% 46% 45% 46 45% '8% 8% 3 2% *7% 3,600 200 6,000 8% *7% *85 89 2% •2% 46 86 2% 46 *7% 8 *84 % 2% 35,300 45% 100 8 17% 17% 18 18 18% 17%, 18 5,900 United 36% 36% 37 37% 371/4 37% 800 United 10,400 United 37% 54 53% 20% % *20 ya 54 52% 53% 52% 54% 20% 20% 20% 20% 21 16% 107% 15% 16 i/a "15% 15% *107 y4 107% ♦i07y4 107% 16 15% 16% 16 15% 1512 *107% 10% 16% 20% 19% 104% 104% !20 20% 104% 20% 18 *17. *17 , " 1O0 % 192 16% *77 16% 79 footnotes see page 23. T 17% <99% TOO •187 t 1 192 16%' '77 10% 77 104 . r; ■ *17 98 Va *187 " 16 *77 17% '99 : 11 ( >171/4 ; — 192 16 104 . ■ 5,300 i9% 2,600 U S & Foreign 15% II,200 -08% 187 •98% ' 187 *77 78 '40 107% *104%. 106 3,04% *15%. :.16 No par 17 107% 171/4 •17% Fruit-Co ^— Improvement 19%. 10734 19% "20 20 104 >1 I——— 16 %' 15%, * : 1 «—.5 1 Co—T3% inc. com 1 5% preferred——— 100 United Paperbuard —"... 10 I,700 ' 15% For 53 54 20 y8 Corp__ 100 Electric Coal Cos 1——5 Engineering & Foundry-—5 Preferred 18 Va 20% *99% preference Dyewood 36% 20% *187 $3 United 36% 86% preferred-—100 United Corp ^common 1R ■ 53 y4 *101 $3.50 convertible 30 ' 107% United Cig-Whelan 18 *87 *37% No par Corp___No par Stores com—30c United Carbon Co—— 89 86% No par Biscuit 'Co United 89 yB *84% No par preferred United-Carr Fastener 1,000 *7% ■ — common——5 100 United Air Lines Inc cbmmoh—.10 4%% cumulative preferred—100 40 63% 45% 2% 45% '814 *62% 63% *62 Car ' *17 , 98% *184 16% '*17 17% 99% 187 16% 79 United Gas United Mereh & Mfrs ; — , 200 2,900 10 1,000 90 NO par No par Freight Co——^———NO par $4:50 ■80 U 8 Securities preferred —— Co common-—«— 20 preferred——~i——-100 U 6 jGypsum 7% . Corp—w/_l5 preferred-—^100 U S Hoffman Machine 4%% \ | \ .) Jan : / Mar 114 20 105 Sep Sep 16 16 Sep 22% May 38% Jan 8 37% Oct 63% May 26 48 Jan 8 46% Nov '79 104 Jun 27 102% Deo 100% 16 Feb 11 11% Oct 24 Apr 51% Feb 18 43% Dec 71% Apr : 11% Nov 26% Jan ! 15% Mar 5 May i Jan ' Year 1946 share 2 $ per $ per share share ' Highest Lowest Highest $ per share 15% July 23 58% Feb 7 49 80% May Sep 23% Apr 15% Jan 25 12 Nov 25% May 19 par United Aircraft Corp ' 03 •46 800 19% 30 19 y2 31% 4% 5 4% 19% 31% 19% *28 y4 30 % *28% 20 19% 31 19% 19 31 Tank : Feb 112 9% May 17 ,-5 35% July 28 23 Jan 39 May 110% July 11 115 Mar 31 88 Sep 123 Apr Jan 89% Jan 15 xll2y4 Jan par par par No par $3.50 convertible Feb 17% 16% Feb 43% May 19 par series Unitin Oil of -California——: 25 Union Pacific RR Co trommon—^^100 4% .non-cUhi preferred —100 5% Jun 18 60% Feb 24 12% July 1 Paper———/No Union Carbide & Carbon—No Un El Co of Mo pfd $4.50 ser__No Preferred $3.70 series ^-'No Bag &! Union $ per Par Corp (The) — Underwood Corp 1.1 Union Asbestos & Rubber Co Preferred Jun Sep Range for Previous Udylite Union 18 32% 137/a Feb Lowest 'i. i Sep Oct 60% 21 Range Since January 1 YORK STOCK EXCHANGE , NEW Sales for the Week Sept. 20 Sept. 25 Sept. 24 4 per share 4 per share 'f per share PRICES Wednesday Sept. 23 Sept. 22 Sept. 20 I per SALE Tuesday Monday Saturday HIGH Mar 46% July 24 U AND July ~9% STOCKS LOW 19% May 17% Feb Sep 8 Aug 21 25 34% 100 7% ' 36% B7/a 13 Sep 21% Feb 101 Jun 2 15% May 19 preferred— Truax-Traer Corp__.— Dec 59% Feb May 19 102 Vi Jan 2 15% May 19 40% May 13 ' 10% May 17 13 % May 17 14 May 13 5 % May 19 -5 Axle—z Jan 6% 14% 58% Feb 18 Water Associated Tide 16% 11% 15% 6% 27 19% 4 4% . ^100. Thompson-Gtarrett Co com-_No par - 11% 9 29 38 May 19 98 May 21 -3% May 17 20 May 19 Products com—No par -4%' preferred 106% 'ley# 17%' *15 *106 300 *4 *25 27 .20% 47 47% ^11% 17% 4 99 • 16% 167/a ♦16% 180 106% 107 107 99 Thompson 800 100 4 41/a ♦25 20% 43% 999% 100% " " 4% 43% 4 *99 99 *4 43% 43 43% *42%' 43% 17 36% Aug 18 Sep 15 10 -2—__25; (J R) Jan 16% 7% Nov Feb 58 15% Jan 16 41 Jan 13 13 Sep 8 51 Sep 23 12 May 19 9% May 19 49V8Sep 26 '6% Aug 21 16% Jan 4 (The) Thomas Steel Co *20% 10 % 99 25% 7%- .. 800 2l 42% 100 7%' 7% "7% *7% 49% 7% No par : 101 Sulphur^__^ ^1 36% Jan 41 Feb 109% Ang 15 '687/a July 28 2 % Sep 17 17% July 28 1% Sep 23 ; ———— Feb 41% 7% Jan 10 Ve Jan 13 -46% May 27 21'% Jan 13 Producing— :) Aug 21 Nov 19 Va 101 20% Aug t 25 — Texas 54% *52 . Rights 3,100 Dec 23 55% Apr f 14 May 16 37/a May 16 13% May 20 ' 53% Sep 26 .—5 441,000 337/a f45% (The)l Texas Co . May Nov 25% Nov 13 Apr 35% May 10% Feb 10 -_5 x 1% . 25 Sep 31 104% Mar 11 5% May 19 ^9 i Corp 15 >/4 1% 53% 14% (James) Corp_— Tennessee 07% Jun 2714 Jan 28% Feb .2 T - .Telautograph 1,800 92,000 17% 34% 47% l 28 1 Talcott 54"% 28%' Apr 19 Jan 13% Sep 19 '37% Jan 100 Inc 19% Nov 9 21% Sep 160 38 2 20% May 24 Oct Oct 7 30% Jun • 66% Aug Oct 5 14% Jan Jun May 14 Sep 102 i____25 Co— 78% 124% Aug 10% Mar -47 38% July 24% May May 110 17% 24% Feb May 19 May 19 23% Apr 42% < July 25 128 Apr T% Oct 18 45% Jan Sep 61% 117 4.162/3 (The) 10 Va 10 34% 28 13 SWift International Ltd— 54% *45% ;25 700 ♦17 15% 53 1% 113 i — Sylvania Elec Prod Inc com—No par 84 preferred-—.:—^ No par Symington GoUld " Corp 21 ■■ 99% 5 .5 17% *141/4 12% Sep 7% Jan Swiit & *9% 85% 16 75% Mar 24 123 July 10 10 Jan 32% May'27 1,400 *99 10% *10 17 IO May 26 " 1,18 2,200 2,900 33 y4 ,22% *6 %• 10% *10 51/4 •5 10 103% 36 Corp . 10 17 51 , Paper Sweets Co of America 23 -0% > 6% Sutherland - 10% •TO S 109% Apr • Superior Steel 100 18% *17% 90% " " 6% *6% * Sep 15% Feb July 28 3,400 15% Nov 10% May 19 105 21% *106 Oct Oct 12% 21% *33% . 11 3 8 .23% ; 6% 18% £ Feb 17 17 23% 100% 14% 25% Feb 23% Feb ,33% 6% L10 % May 19 16 May 19 17% May 30 101% Jan 13 18% .22% 39% May 93 Feb No par 18% *99% 28% May Jan Superheater Co <The)___ Superior Oil Pi California *17% 6% Oct Dec 9% . May 63 21 9% 39y4 100% 26% Aug 109% Aug 13% 13% Mar 16% Jun 20 y4 8% May 19 108 Jun 63% Oct - i__10c 21% Feb 86 3 Sunshine Mining Co. 21% 25 4 21% . July 30 21% Jan Sunshine Biscuits Inc12.50' , 78% May 108% Jan 241/4 Jan y4 Jun 19 1,300 . 49% May 3 - 1,300 . - 18% 6% 33% Sep 18 7 19% Feb 9 9% *38% 22% 16% 38% *17%: *991/2 31% Sep Sep 60% Aug 41% Jan 102% Oct • 2 '5 '93/a 108 22% 18 Jan 49 104% Mar 9% 40% . " 12% ,18,% 23% May 20 37 38% *39% 21 Oil Suhray Feb Sep 22 Jan 2 13% May 17 14% May 13 (4%% eum)__#__l00 pfd 49 45 12% *17% 23% 55,500 A 37% Nov 7 3 39 34 33% Class 11 May 17 - No par comxnon„^___^__Noj)ar Sun Oil Co 29 38% *38% *171/2 „ €0 J'^ 12% 40 Vs *391/2 600 . 121% 20% Mar 12 :L-.l Corp common Apr 01% Nov 37 $4.50 series A preferred 106% .53%. 531/4 - *120 121% *120 Chemical Sun Apr 17% Fto *35% May 13 102 Mar 14 Dec 149% 100% Dec 11 Oct 105 6 May Oct July 24 -411/4 Jun 55 00% 31% Ausr 19 10% May 19 Mar Oct '42% Feb 37 Feb • 38 *15% 16 700 80 3 101% Jan No par 3,500 / :Stone fe Websterl Studebakei- Corp (The)l__Li___>__l 11% 10 May '60% May 78 July 24 Mar 17 Apr 55 Oct 70 19 va July 21 63 10,300 11% Feb 125 44 23% Jan 24% 185% 114% Feb 18 ' 63 37 % May Stokley-Van Camp Inc common___l 5%. prior preferred ___l20 300 May 17 5.0% Mar 11 (J P) & ;Co lnc/____^._-,_i'5 Stevens * May 17 89 "Stewart-Warner Corp__:___i„"___L5 20 y4 20% 81 £ 36% Jan Apr 118 .08% Dec 20% Jan 39% 109% Apr 34% Nov ■ 102 17% May 16 July 40% 6 Jan 37% 3 20 104 Dec Aug 1'4 ' 26 V2 Jun j__100 preferred— . 1,900 y4 22 3%'% 6 '112% Feb ll 16 97% Jun J—1 tnc__ 2,900 V 21% ,37% . 108% 15% 16 IS 1/2 , 108 111 *198 15 '.131/4 > '21 'A 9% 32% *14% 21% "9% • 4,200 33% 14% .,.12% .12% 12% 37 -32% 32% 106% ,*53y4w53% 120 .120 121/4 100 ♦101 4 £ 109% Jan .Sterling Drug fine common____/.J__5 4,200 ooy4 Feb 18% Feb •45% Jan Sep 14% Nov 84% Sep 15% Sep 33% Feb 107% Oct 7 May 12 (The) L S__^^_^^No,par Stcrchi Bros Stores 300 r i 37% 102 % 31% "14% , ♦104% 53 y4 102 % . 21 19% 106% 53% . 102% 14 ' *13% 38% Starrett Co 200 •47 *43 13% 37% " 14% *11% 12 47 J 3% 33 . *20% ^13% *104% 106% .64 '/a 120 21 %. '13%' 20% 42 -102% 21% 20 12 *11% ♦104 22% *11% 13 42 *43 38% 14% , 13% •" 21 20% 15 *20% 20% <119% 32% 14% . 2,300 20b 13 iry4 Feb May i8% 25 23% Feb 27 02 93% Jan 13 31% July 14 May 19 32 3% % prefeirred series A__v.__J100 Standard Steel Spring common—Jl 4% convertible preferred :___5o 100 43 Oil Of Ohio common Standard 104 12% .14 ;32% 32% ' , 15 12% 47 21% v 14% *102% *42 • *102% 103 *102% 103 ♦102% 27% 104% iSTew Jetsey___ Standard Oil Of 11% Nov 13% May 19 :25 :25 10 Standard Oil Of Indiana— 10,300 27,500 20,100 '26% 43 38%- :< 73 V2 25% *io3y2 t 14 38% 38 38% 38 '/a 72% 13% 12% .13 43 10,700 39% 74% 27 y4 :104 2,500 6,200 ; , 5814 57% 73 >12% 141/4 118 116% 118% 39% 13'/4 45 '29% 43,900 110% 39% 74% 27% 27y8: 141/4 500 121 58% •104 481 6,700 103 109 58 y4 44% *43 80 28% 28% 28'% 27% 111% 28% *98 , 71% May 20 Squibb (E R) & Sons common—;1 $4 preferred— _No par Standard Brand® Inc 'com No par $3.80 cum preferred-.j_____no par Standard G & E Co $4 pref _-Nb par $6 prior pr0ferred_^_^_____No par $7 prior preTetred__'_^_, No par ."Standard Oil /of fCaltfornia__No par 60p 27 Jun Apr 30% 13% Jan !«% Oct , 1 14% Jan May 19 8 r5 Square ,D Cc__— 8 23% Sep 8 16% May 19 preferred——No par $4.50 Conv j101% ♦110% 29% 101% 58% 72% 29% 105 ♦104: '• 105 •104 32% 393/'a '75% „ 32% ■ 58 14 ,59% 58% < 10 78'/a V 2,100 33 108 117 113% 114 111 110 108 % 50 16 *99 106 y» 101 100 75 29 28% 27% 28% 26% 97% 11'A 16 *116% 111% 99 99 99 99 100 31% 75 *32 29% 28% 29 29 7,500 16% 11% 16 33 22 y» ■ 76 ■ 7% Feb 4 per share 10% Nor 4 76 , Spencer Kellogg 1,000 10,100 20% Feb 6 „_i No par & Sons new_— _1 Sperry Corp (The) — „i—1 Spiegel Inc common—r— 2 ~30 26% 21% 22% 11 y4 - *110% 111% 111% 111 111% 28% STOCK 32% 32% 33 33 M*% 0% *75 16 16 *32%, > 16% . 76 *75 76 *75 11% 11 % 11% 11% 11% '73 EXCHANGE Spear &. Co cammonJ... $5.50 preferred—— 9% 81% $ per share share 4l/8 May 19 lnc_i :l Withingtfon————_No par Sparks 1,100 78% 81% 22% - 5 5 ; *81/2 11% . 5 $ per share May 17 i5 Spalding (A G) & Bros 700 19 5 26% 26% » 19 19% *19 - ■55 514 * 20 y$ per Par ' Shares share 91/2 87 •81% '■ *i9y4- '■ ' < S per $ per share shhre $ per Year 1940 . Hig'hest .... Lowest Highest Lowest EXCHANGE the Week 1 Range Since January YORK STOCK NEW Bales for ■S'A "5Va •8% ' Sept. 20 20 20 20 , Sept. 25 < share $ per 4 per share tfoare Thursday Friday Sept. 24 AND HIGH Tuesday Sept, 23 Sept. 22 Sept. 20 $ per SALE PRICES Wednesday 29,1947 Monday, September CHRONICLE COMMERCIAL & FINANCIAL THE :22 29 111 Jun 115% 104% May 14 106 July 18 108 Feb 111 14 Apr 14 Apr 15 104 Jun 6 96 Deo 107% 147 July 28 110 Oct 168% 3 May 21 111 Feb 26 102% Oct 120% Mar Sep Nov 42% Jan 99% Feb 20 120 , Jan 105 30 16% May 19 15 18% Sep 4 101% Sep - 2 103% Jan 24% July 28 38% Feb 10 23% Sep 110 Sep 28% Apr 120% Apr 17 5 2 1 18 % Sep 9 10 32 10% 101 Oct Jun May 37% 119 Dec 64% 19% Nov Feb Jan Jan Jan 22% July 25 28% Jun 29 20% Nov 32% July 25 26% Jan 15 4% May 16 55% JUn 10 2% May 19 45% Sep 6 % May 15 28 78% May 22 32 Feb 8 8% Feb 8 Jan 10 83 4% Jan 81 23% Oct 40 6% Oct 17% Deo 89 78 3y4 44 7% Oct 27 10% Feb 10 Jan 2 71% Mar. 12% Nov 8% Apr Sep Jan 56% July Oct 53 % Mar 95 May 16% Aug Deo 105% Aug 21% Feb Jan 11% May 20 18% Sep 18 May 17 43% Jan 2 34% Deo 60 Oct 63% Aug Oct Oct 33 44% Jan 14 59% July 25 41% 20% Sep 23 24 % Jan 0 18% 17 110% Apr -12 19% Feb 21 12 y4 12% May 17 104% Jun Jan 12 17 16; 15% May 19 May 28 102 12% May 19 86 . 19% Feb 21% Feb 13 Aug Jan Oct :0% Sep 18% July Oct 32% May 18% 109% July; Jan 28 101 Nov 19% Aug 29 13 Nov 29% Feb 93 Sep May >205 Sep 47% Apr 106 11. May 19 107% Feb JUly 16. 196% Mar £9 33% Jan 26 Dee Fab 77 94 90 Sep 11 Aug 26 Apr 22 104% 14% Sep '187 30% 110 - « Feb IB 187% 132 „ 90% Aug Volume 166 Number 4633 THE COMMERCIAL NEW LOW Sept. 80 $ per $ share 45 45 7 Sept. 24 $ 7 $ share v per 44% Thursday • share per S per share •, ,45 45 7 7 7 34 34 33% 18%' 19 % 19" 32 % 33% 33%. 331'a 19 % 19% 13% 19 y2 10 *9% 42% 42 9% *51% 7% 7% * STOCK 74% 71 145 19% *19% 20 19% 46 *43% 46 *43% 19% *44 %. ' 19% 9% 9 9% 108 *104 *44 % 7% 400 74% 68% 69% 20 20 9% 9% 108 *104 7% 7'A 44 % -44'/a 17% *'17% 17% 7% 7% 7% 183 < -7% *182y8 , "" 7 100% 100 100 183 99% 99% 99% *181 183 183 19% 18% ' 18% 72% 19 *71% 71'A 71'A 15% 7% - 18'% ■ 15% 15% 15% 15% 15 y2 *15iA 32% 32% *32 32% 14% 14% 14 14% *14 > 29% 29% *82% 29% 29% *83 87% : *83% 45% 45 % ' , 101 7% 29% 90 92 91 15 15% *117 *90 92 * 36 36 % 34% * 35 ' 32 % 88 33 Pictures Co 163/4 1,700 Vanadium Corp 15% *151/4 151/a 1,200 Van Norman *32% 33 300 Van Raalte ^ - Inc 14'A 29% *83 87 *84% e.-, '45%. '453A ■ Vertientes-Camaguey Sugar Co..6y2 1,800 Vick Chemical Co—.... ..2.50 Vicks Shreve & Pacific Ry corn—100 ' 87% 87%. V 86% 1 451/2 *44%; , 5% 8% 92 93% 15 153/a 151/a 117% •117% 118 i 60' 91 94 100 ! 40 35% 34 - 15% 118i/2 *88 36 36 34'/a 34%' •34-" 32% 32% ♦32'A 91 33 35% 35% 8 92% 15% ■ 13 $5 ' 3534 36 36 34% 33 33% f 32 32 3A 323A i 4,900( preferred ; Virginian Ry Co 6% preferred 2,000, 200 32% *31% 32% *31 32% *31 32% *31 32% Vuican *32 33% *32 33'/a *32 33'% *32 33% *32 33% 7% 166 4% Sep 7% Oct 25 10% Jan 30 7 26 Jun 52 Feb 17 41 22 17 Feb 7 11% Feb 10 8 Feb 102% Sep 8 91 192 7 187 Nov 29% Feb Sep 69 15 13 27% Feb 22 Apr 110% Jan 200% Apr 49% 77% Dm 7 Jan 101 Apr Feb 17H Hot 39 18 15% Oct 13 35 Nov 20% Jan 2 25% Apr 68% Apr 15% Sep 39 6 30 Oct 83% Oct 13 91% NOV 49% Aug 18 104% May 14 9% Mar 0 15 36% 100 Deo Feb 94% Feb 20 8 94 .May 19 Jan 94% Aug 1 ltv'A Sep 121 Feb 22 117% Sep 25 85' Aug 25 -.26 Feb July Feb 187a Feb 30 Sep 18% Deo 3 91% Feb Jan 11% July 54 May 25 Mar 9 Jun 9% Jan 20% Apr Nov 20 Jun 128 Deo 17 25 Sep - Sep Sep 20 Sep 12 5% May 19 - 4 100% Nov 35% May l9 100 common— Deo Nov 21 26% 115 Feb 53 May Sep 108% Aug 12% Jan 5% Deo Sep 100 <• 5 Sep 63 % 99% July 117% Deo 26 80 40 123% Apr 105 Apr 63 JUly Jan 21 Deo 17 37 35% Sep 23 45 25 33 Sep 26 40 32 Sep a 38 Feb 'il Jiuy 28 33 Aug 13 20 30 Aug 21 32 Sep preferred——100 57 Apr Jun 51% Apr May 113 3 (The), class A_..__..5 Visking Corp *31 Va pfd Feb 97% Feb 18 100 100 Iron Coal & Coke 5 % 71/2 Sep 12% Feb 22 28 6% div partic preferred— 100 Virginia Elec & Pwr Co com—No par Va 142 Feb 89 Oct 109% Jun Jan 27 41 89 3%% cumulative preferred 100 Va-Carolina Chemical oom__.No par '8,100 *32% 34% - 101 ' 117% 91 *99 : 7% *91 Jan 85'A Aug 100 Victor Chemical Works commons._5 1,700 ! 30 I 7,600 ! 1,400 ,8 101 preferred— non-cum 65% 84% Sep X72 Mar 27 Feb 29% Jan 13y«Mayi7 i0 293A 29% 30.;"-' *83 *84 150 14% May 21 30% May 17 12 V* May 19 .2.50 4,600 8 Apr 55% 71 of America..No par 14i/a 14 / 40% Oct 28 Oct 80 187 Nov 47 15'A Sep 100 Inc.. 144 20% Nov May 4Vi May 79% May 165 May com„L.l Co—.... Co Feb 106 48% NOV 11 79% Feb 84 Apr 39% Deo Deo Sep 19 6% Sep ?1 prelerred-.—; 323/4 .. 92 *117% 92 4'A% 101 15 118% Universal 6Q 8% . 92 15% 118 i 101% 8 -- 93 ,15% , 118 29%. 87% *101 8>A ; *16% ! 1,400 11 Feb Sep 100 21 102 Universal Laboratories Inc 1 Universal-Leaf Tobacco com—No par 8% preferred-..—1—^ —100 32% 14., *83i% ; 88 45% '46' 101% 7% ..I 18'A Nov 36% Feb 16 72 35 69 23 44 10 5 Jan 48% Feb Universal-Cvclops Steel Corp 580 26% Aug 11 % July 60 % May Dec 51% July 28 81 13 8 iNo par - *83 45 Va 45% *101 101 7% 16% I Jan 9 19 60y2 Feb 1 Jan 100 i 1,400 2 165 May 19 5 t 2d pfd—5 non-c preferred, 13% 19% Apr 29 ^_1 400 J 7 18'A conv *15'A ' • 141% 87 '/2 ' * '• $6 May 13% Jan 44 44% May 25 .o. Corp.t,, United Wall Paper Inc common—2 4%- cum conv preferred—,. _-50 183 *70 .l_No pa? preferred United Stores $4.20 Feb Jan 62 Sep Sep 6% 103% July 24 61 'A May 19 140 May 19 100 Stockyards 73 5 68 37% Nov 10 39 $ per share 25 July 24 10 Apr 44% Feb 38% May 17 No par 13 23% July 16 16 U S Tobacco Co. 6,300 100 . 18% 7iy4 •', 46 15% ■' 88 . *83% 88 15%' : 7 100 40% Jun 142 Ve Jun 50 " Highest S per share 8% July 24 39 23 _lo com common.^ non-cum JuA preferred_i__100 __50 Corp United- 7'w ,100 Lowest 53% Feb May 19 49% May 24 23 Va May 19 100 common non-cum ,1st Steel 13 35 lo Smelting Ref & Min S Jan 53/a May 19 20 Preferred 1,800 I81/4 *182% 183 18 % 15% 32% .' 7% 100 1 71 -72% 15% , ■ 100 *32% 15% 7% - Co *41 10 i Preferred U ! 5,400 45 . 7 I 1,000 71/a *17% 9 V* Jan preferred ! 10 *42 - 17% *182% -■ 18% *71 45 17% 22 Rubber S 108 • 6% 3 16 V« Jan -8% 3,000 7 9% . S 400 20 *104 7% *42 18 ' < 10 Va -108 6% 25% Jan ^____1 S Plywood Corp common, 3%% cum pfd series A-i U 19,800 46 .6%- No par ' 143'% *43% • 7 "/a U 1,600 *74'A 143 46 7 - - 45% *44 17% 9% *104 108 7% 46% 17% 7-7 9% *104 ' 7% 7% '7y8 U 46% No par A Pipe (is Foundry. S PlayinB Card Co_i._: U 6,800 ' 7 7% b'/a 100 147 40% common S j t per share class Co conv Lines Co common 4y2% j3,500 110 . 44 % *145 Va 70% *43% i 53% 28% 101% 44 % 144 20 46 - 74% 68% 143% U 28 47% 74%; 70 % 145 50 6 i 1,200 ! 9%. 41 »/4 $ per share No par Partic & Year 1948 Highest Leather U S *53 147 47 % 74% 68% 144 ' 23 Range for Previous Range Since January 1 Lowest Industrial Chemicals S ;.3,200f ■101% 44% *145% 47% *73% 68% 7iy8 145 53 %< 44 147 47%- 144% 70% 144% 53% 44% 147 1 49 % *73 % 74% 74 >/4 CLOSED 44%' 147 x47% 50 49 % EXCHANGE 147' 147 147 45% U 1,500 1,300 ! 19 41- 27% 28% *101V'2 102 102 i S 34 *9% 42 53% 23% . 102 7 V2 U 19 9% 42 STOCK Par i 4,100 34 34 YORK EXCHANGE Shares 43 7'A NEW the Week share 42% "19% *9% 42 28 102 44 y2 45% 44 % 9% ' *52'% '■29% 29* *101% 102 102 9% 42 ' 53 *51% 52»/a 29% *29% 1 9% 42 f per 45' 43 - 41% (1271) RECORD Sales for Friday Sept. 26 Sept. 25 , 45 7 STOCK CHRONICLE STOCKS Wednesday Sept. 28 share per YORK FINANCIAL PRICES Tuesday Monday Sept. 22 Saturday SALE HIGH AND & : Detaining Co cumulative emmaon preferred Fen Jan Sep 32% Nov 17 45 % Jan 52 Apr 15 w *69 • 72% 16% *68 70% *68 70% *68 72% *69 Wabash RR 15% 15 % *15% 16'A *15% 16'A 16 16 400 Waldorf 32 32'A System *31% 32'A 33 33% 33i/a 800 Walgreen 16% 33 *105% 107 *20% *" *105 r. 20% 9% 12 94% 96% 13% *24% 38% 104% *95% 25% 39 y2 40 40 104% 14 103 12 96% 22% 22% 21% 21% 13% 13% 25'A *24iA 39 101 y2 39 103 102 102% *23 .23% *21 21% 21v *20% 21% *20% 21% *32% 33% *32i% 33" 6% 6® 8 6% *6% 43% 44 «/4 117% 117% *116% 118 109% *109% Monday Sept. 22 Saturday i Sept, 80 ' - I per share .7'A! 34% ♦103 *35% 32% 46% 95% 97 9 ? C'rf 26% *113/4- 12 *85 33 *31% 33 *31% 8% i ' J r 1 89 % - -. 60% 45 '/a 85% 45% ■ t ..y Sep 43% July 89% Aug Apr Aug Feb 113% Oct 32% Nov 111% Sep 119% May 53% Jun 3 May July 32% May 19 1109% Aug 45 Feb 24 113 8 Jbn 27 45 116% Apr 26 »/4 -33 - *83% 85% 90% 90% Pacific RR series pfd $ per share 3,80% Weston 74 cum Eldc 10% Jan 93 Jan 57 35 Jan C% 42% Feb 48 27 90 71 Oct Sep , 8 14 Maf 29 26% Sep 17 1 Jan 5%% 2,000 17% 1,900 24 ' $4 V Prior 60JA Willys-Overland Motors com..1—1 $4.50 conv pfd series A. No par ' 600 ^ 17% > ' 58 3A 1,500 453/a 7,400 57 85 y4 70. 92 30 * 68 '/a 68 68 68 *63% 65 *63% 64% 63% 64 '64 10% 10 %' 10 10 »A 02-"* *89 • —5 — Wilson-Jones Co Woodward Iron .No par —10 l 6% pfd—.100 Co (F W) lo Co.. 10 Worthington P & M (Del)—NO par Prior pfd 4%% series...^ loo Priorpfd 4%% conv series.—100 Wright Aeronautical ..No par Wrigley (Wm) Jr (Del) No par Wyandotte Worsted Co.. _s 900 10 y4 No par com., preferred Woolworth 40 65 10'A ' 600 68 - Co Wisconsin El Pow Co 85 1 $4.25 3,100 58% *65 Oil Wilson & Co Inc 145 56% 68 ^-28 Wilcox 1,000 89 preferred.—i 6,700' 4,600 89 conv 4,400 13% *64 1 8% 45 " —_ Machine com 1 preferred.....—.No par 83/4 943A *136 —20 Sewing r ___ Nb par 1,700 36 Aug 1 102% July 18 67 Apr '8 99 May 103 31 May 19 93% Sep 1—.100 preferred — .White 100 conv May 14 62'/a Mar 27 —No par $5 conv prior pref White Dental Mfg (The S S) White Motor Co__._ 1.100 y 54iA- *163A ,. 145 preferred.. Wheeling Steel Corp com.—No par - 180, 133/4 1 26 Common' .j.———No par v 94 May 26% May 19 Va May 9% May 24 2 Jan Jun Deo 95 May 39% Jan Feb 1 08 Nov 63 Aug 72 Jan Oct 106 Jan 107% Jan 36% Nov 62% May 90% Nov 107% July 7 27% Feb 44 May 44 Jan 29% Feb 8 21% Nov 19 17 % Feb 1 11% NOV 90 Feb 3 81% Sep 34 Feb 13 30 9% July 28 13% Feb 11 9 July 31 29% May 13 51% May 17 6% May 17 10 - 56 23% July 105 July Nov 36 6% Oct 15% July 24 94% Sep 99 12% Sep 21 28 95% Sep 101 2T 19% Mar 18 15% 145 Va May 19 43 Jan 2 145 Va May 19 142 Oct Mar 34 Feb T6 43 Jun May 19 48% May 19 Jan 60% Aug 29 Feb 1 68% Feb 13 Jun 11 84 Jun 9 100 Feb 20 59 Aug 14 Sep 10 May 17 80 Feb ,8 63 8 160 94 Va Apr 70% Mar 18% Feb 3 6 100 May 106 13% Deo Apr 103 75% Deo 89% Oct 10 Jun 52 May 62% May 74 Aug 47 Sep 84% Sep 87% Sep 83 July July 21% Feb 43% Sep 53 May 12% Jan 26% Jan Nov Aug 12 10% May 19 26 Deo 63% Jun 100 13 46% Sep 18 101% Mar 31 34 Apr 41% 19 84 51% Sep . 28 19 Feb Jun 39 .106 55 56% 53% 91 7 30% July 28 Aug 20 106% July 21 2 32% Jan 101 18% Oct 26% Oct 21% Nov ' 36% Aug Jan 90% May 13% Jan Sep Sep Sep 102% Sep 26 35% Jutt 8 '—12.50 $ per share 7% Deo 6 ( 3 20 11 Highest , $ per share 4 7% Feb 17 May 19 27% May 19 22% May 19 par —No par Instrument Jun Year 1946 Lowest 73%. Jan May 16 9% May 17 27 % Sep 5 pfd series A.: .100 pfd series B__„jIOO cum $ per share 4 100 Teleg class A.No Highest 5% May 19 38% May 19 com__A_No par v r .. Lowest,- At-———100 - $3.75 943/4 14 '/a 85 • 70 88 *8% 95-. 85 Range Since January 1 " , Wheeling & L Erie Ry com—.100 33 8% *P9% 700 11% *31% 8% 5?'/2 85'/a Range for Previous * " « Westihghouse Air Brake WesfcinghoUse Fi«etri» 3 Wo • 300 <• ^ 45'A *84 1 80 26% 11% *85 - 571/a ' STOCK Inc——_—i—l 2nd non-cum Western Union 30 53% *59 YORK EXCHANGE Preferred 17,200 953A • 45V8 *56 4% Western 3,900 ! 45 - 8% *136 1,000 < 102 44% 95% 95 ■'1 2,600 ; 1,600 531/4 *16% ' .... Par 1,600 *29 1-3% 1 NEW : .• Feb 82% Apr 25% Jun i .-1 Sep 85% 117% Aug 110% Jan.. ; .j 31% 29 Westvaco Chlorine Prod— - 57 57% 10% Feb 116% Aug 19 73 *101% 45% *57 10% Apr 90 34% Jan Apr 7 94 10% 10 48 16 83% May 22 21% May 19 Feb 113 32% 65% 65 9% 34% West Penn Power 4%% pfd 100 West Va Pulp & Paper com„No par 4'% % preferred —100 93% - 8'/2 60 y4 45% 37% Jan . AUto Supply Co—1—i.10 Maryland Ry oomi—.100 361%- 531/4 14 144 *59 Jan Sep 119 Western >- 70 *67 ' j 59 45% 89% ■ 1 8s/a 8% 53%* 17%' 60% Sep 47% 16% 12% Jan May 17 122% Western • - 102% *68 88 -95%- 58% 29% Sep Sep 20 Sep 32 y4* •• 26% 12 13% 60 % -30 88 *136 Oct 31 8 Feb Jan -4,400 - *35 97 - 12 144 20% 23% Feb Deo 106 10,100 102% * '45% *85 ' *16% *136 26% Feb 41 22 108 Air Lines - 300 to 101 102 - 45% *29 *94% - ' - 35% *95%- 17'% 142 27 '/a 12 8% Deo 35% Mar Jan 115 400 26% 72 27 - 24% 93% 102 46% 3 ' 34% 32% 30 8% 39 25% 17 27 14 Western 78 233A 93% 101% ' 34% 32'A 97 X53% 18% Jan Sep 106 % Sep 14 700 r - - 29% 297/s *77 104% - *68 14% f ' » \.t ■ r f v V 35% i i 35% 13% 34 13 13% •44% 45% 18% f *17% 69% *17 2 35% 72 8% 17 41 13 117*% Mar 11 the Week - 6 '/a 24% 103 104-% 37 93% 9 Jan 112% Jan 1,300 - 19 34% : ,103- 105% 447/a 6 '/a 19 26% -27% * v 7% 44% 77,t? - 33 % 32% 53%- 50 121% Jan Shares *7 V4 301/a - 23% 27% 32% 8% 23% Aug Nov - 6 Sales for ( t per share 6% 77■ 'v 95 y4 •)» I < 34 17 85% l' ►. 93% 53% Oct 22 105 70 18% 30 <> 14 58% i - *35% 26% *44% 17% 35 34 13 34 12% 45% *44% f,34 45%' 173/4 ♦17 n'/a" 69 17% 17 17 *16% " *44 69 r 34 13 44% 171/4 69% 34 13 44% 171/4 68 35 131/4 45 y3, 173/4 70 "17 . 17% 12% 12%" 600, 1,300 * Yale & Towne Mfg Co —25 -.1.1 33 % Aug 28 10% May 19 45 Corp common "4%% cum preferred __so 41 50% Mar 31 York - 100 -'200v 69 -■ 70 69% 69% 7,600 16'A 16% 16% 16%" Young Spring & Wire. -.No Youngstown Sheet & Tube—.No 1,500, Youngstown Steel Door par par —No par May 19 Jan 11 14% Mayl9 53% May 17 72% Feb 21% Feb 13% Nov 21 May 17 Feb 27% Jan 15% 18 15 23 61% July Oct 33 3 16% Feb 35% Jan 7 Oct 67% Sep Nov 83% May 31 n Jan . j 21% < i •Bid and asked 21% 6i/a 6 'A prices no • *2iya - ■ '-61/4 sate* or. 21% 61/4 this dav 21 y4 213A 21 '/a 21% 213/4 213A 6 y8 1,700 6 y4 6 'A 6 y4 *6y8 6'A 1,800 tin i 16% 31 113% May 14 111% 45 6Va - 951/4. 45 y# i 30 104 96 Sep 6 —No par .; 7 Jan 100 111% 7% *18 ' - 25 i/a 14 y4 U 4 *103 ' Sep 18% Feb 28 100 1,000 Friday *7.1/4 76 Va • > 96,% *136 1.4' 4 27 Va 45 18% July 107"% Feb preferred—.—. .20 1 • Sept. 26 45- "17% 14 v, 33»% 105 100 preferred 42 34 . xll% Mar 7 6';'o 42% 112 Jun 13 7% 10 • 113 % 423/4 Oct 19% Feb 20% Sep Sep .*-1121/2 < preferred—1 conv West Indies Sugar Corp 1 West Penn Electric class A—No par 29% Oct 30% May 23 No par com Jan Nov 9% 106% Mar May 14 99 23% 3 100 112" $ per share 6Vs *95% IV ! • $4 Mar 105 7 13% Feb 240 116 y4 ' -*17% v; 380 5,100 ' 112 88 8 7% 54 % v 111 July 17 24% Jan 22% Apr 28 177/a May 20 20% Apr 29 5 STOCKS 45 29% 24% *29 27% *31% 7% '• 30 11% - 233/4 Sept. 25 19y2 101% 95% 32% 53 V'4 102 95% 27 87%" 116 113% Wesson Oil & Snowdr 1,900 113 *111% Thursday , 7'A .. ' *68 46% *85 8% t 32% 88 32% 37 72 *29 % 12% 12 *85 105% 45% 30 27 27 % 28 'A 93% *100% 102 *29 34% 93% *68 72 43% 111 *my2 6% 75% 32% 94% 87% 23'A * ' •. 103 105 y4 46% ' 103 36 y2 93% • 27%. 104* *32 * 34% 105% *68 *100% 45 29% 26 - - 900 . Apr 109 PRICES *18 78 ,*. 24% 28% 36% CLOSED *76 ; , " . 117 112 7»/a 45 29% 35 y8 28 EXCHANGE 7% 6% 74 y2 ' 42% $ per share , 19 Va 26 y8 87 24%, 111 Sept. 24 61% 29% 28 SALE 43%, 113 *112% Wednesday 18% 74%,, *105'A Tuesday Sept. 23 45 117 " 6s/a u" 6 y2 25% STOCKo HIGH * ■ -23% 42 *111% 18% *18 r AND •7 y8 45%w45% 6 % 112 44 *111% 113 42 $ per share 7% . 113 42 *111% LOW t per share 114 42 112 87 24% 113 Waukesha Motor COv-SC. 6% . . Apr 31 Wayne Knitting Mills.L.*_. .5 Wayne Pump Co..: —; :1 Webster Tobacco Inc.——:—.—5 100 Jun 54 21 3%% cum conv preferred— .100 Washington Gas Light Co.._Np par 200 Feb 23% Deo May 21 94% Sep 23 13% Sep 9-- 100 500 20% 86 Oct 33% 11 —1 common. preferred—; 700 32 Sep 15% 103V2 Mar 17 23% 20% 86 11 xl7% May 14 7% May 19 .No par Bros Pictures—. 5 Warren Foundry & Pipe——No par Warren Petroleum Corp com—.—5 990 It 25 367/a Feb —No par & W Co 21 > 32 v 6% 43% 111 109% *113 24% 1023/s 21t> 32% G 78% Feb 177/a Jan 1.100 ; : Warner 100 1,100 *23 No par 16 13% Apr 21 297/a Apr 30 No par common. Baking Co 5»/2% 38% *1013/4 21% 6% 8 7Va ♦111 42% ♦111% fc'7 25% 117 114 42 % 87% 112% 14 Co (Hiram) 330 s " 32% 43 % 25 110% 114 43% *111 117% 109% 44 *20% • 6% Ward 7,500 • 25 »/4 38% 23% -23% 21 y2 87% 39 21 33 % 25% 963/4 13% 6% 87 y2 96 >A *24% *20% 111 Walworth 900 13% *32% 25% Walker 3,400 24'% 38% 21% 87V4 2,500 97/a 11% 24%' - 104 Va 23 21% 111 20% * 96 y4 * 11% 4%% preferred—. 11 3/8 *20Va 10 *95 4% 93/4 '20% 9% 11% . 107 *105iA 13% 22% 43 107 20 9% 12 14'/a *24% *1051/4 •. 20 Va 9% 12 25% 14 107 19% „ 9% 11% 95 95 *105 21 20%, 9% 9% ♦Ill's 107 •- 70 3A recelver&hip a Deferred delive r New atork - • Cash Zenith Radio Zonite Corp^.j. Products' CorpJ ■, Kweial snip* ; wn No par ,..^.1 wh»rr 14% May 19 5% Jun d)sf.rih»uert 8 25 July 10% Jan *-Bx-dividends 19% Deo 42% Jan 9 7 8ep 14% Apr 31 v-Bx-rlghU .1 4 * i E I f, c 1 l v 24 COMMERCIAL THE (1272) & Transactions at the New York Curb Exchange Stock Exchange Transactions at the New York Daily, Weekly and Yearly Daily, Weekly and Yearly 673,000 881,820 571,400 765.470 640,260 Closed $28,000 60,000 45,000 26,000 24,000 $1,561,500 $2,629,000 3,300,000 2,287,000 3,485,000 2,960,000 3,531,950 $14,661,000 — $183,000 * _"" Tuesday" Wednesday Thursday Friday— ' Total . Weeifc Ended Sept. $11,000 $16,416,500 54,381,620 34,065,200 662,845,700 ^ 943,398,900 $738,183,820 $35,384,200 $16,416,500;. .. ' ir the New York Stock Exchange as on Sept. $1,250,000 $61,877,000 $53,560,000 240,000 4,769,000 9,339,000 10,000 2,000 460,000 384.000 $1,492,000 $67,106,000 $63,283,000 fact that we were we are not to publish the official volume of indicating them below. — Bonds 151,075 shares i $258,000 176,955 shares 717,000 262,135 shares 372,000 214,570 shares 280,000 : 169,645 shares 312,000 974,380 shares $1,939,000 51,833,366 shares $65,054,000 — 10 Indus- Grade Utili- Rails Ralls ties First 40 . total Week's — Bonds 105.95 90.13 108.64 103.03 63.67 35.15 total Year's Closed - 48.25 178.00 112,539,695 $1,659,000 383,000 * Closed 22 52,803,216 Total Second trials Stocks tles roads trials 20 65 Utll- Rail¬ Indus¬ Date— 1947 1946 Tuesday, 10 10 Sept. Jan. 1 to Sept. 26 1946 Sept. 26 Stocks Grade 10 to the Due Monday, compiled by Dow, Jones & Co. Total 624,000 2,223,480 ~ Sept. 15 Sept., 16 —i.—L— Wednesday, Sept. 17—. Thursday, Sept. 18— Friday, Sept. 19 bonds of representative stocks and Bonds— IB ~ trading figures last week, -Stocks20 30 $2,052,000 $1,023,541,000 • ' •"'fV '• Stock and Bond Averages the daily closing averages ; Foreign corporate NOTE: listed $383,000 969,850 Foreign government— 18,124,000 , are $1,659,000 $10,000 120,000 $2,052,000 61 997 200 14,661,000 __ 504,000 403.000 308.000 390,000 303,000 200,740 2,000 Bonds $18,145,000 $2,832,500 $327,000 $3,000 "si ooo 211,700 1947 $119,000 183,000 Total -— 44,000 WeeA: Ended 1,200,000 $11,000 TotaL.. 346,000 Stocks—No. of shares 1,561,500 International Bank Railroad V Industrial— 272,000 139,730 Domestic Tt.B. Government— Below 223,475 969,850 278,614,385 179,318,261 Bonds Closed $90,000 129,000 $234,000 194,205 TotaL 1946 1947 —— — Monday Tuesday Wednesday Thursday Friday—. Foreign Corporate Government Domestic Shares) to Sept. 26 Jan. 1 26 8,421,740 3,531,950 Stoafca—No. o! chares— ______ Sept. 26,1947 Saturday $3,019,000 3 650,000 2.512 500 3 869,000 3 366,000 ■ Bonds (Par Value) Foreign of Week Ended — — $11,000 1946 1947 Stocks (Number Bond Sales Bonds .$351,000 290,000 180,500 358,000 382,000 ——~~—~ Saturday Monday Government' Bonds Bonds Bonds Shares Bank Foreign Number of and Miscel. 26, 1947 ■Week Ended Sept. Total untied States Int'l Railroad Stocks, Monday, September 29, 1947 FINANCIAL CHRONICLE 101.94 23 35.02 62.98 102.98 108.36 90.19 105.80 Sept. 176.04 101.83 24 176.39 47.95 35.13 63.21 102.89 107.70 90.06 105.76 101.60 Sept. 47.54 34.95 62.80 102.85 106.99 89.84 101.26 25 175.29 105.37 Sept. 47.43 35.02 62.69 102.95 106.78 89.55 105.26 101.13 26 174.86 Sept. — 47.54 Bond Record New Yoirk Stock Exchange «» FRIDAY NOTICE—Prices "and are WEEKLY - week, and whan outside of the regular weekly range are shown in a footnote in the The italic letters' in the column headed "Interest Period" indicate in each case the Figures - YEARLY disregarded in the week's range, unless they are the only transactions of No account is taken of such sales in computing the range for the year. Cash and deferred delivery sales are interest"—except for Income and defaulted bonds. week in which they occur. the month when the bonds mature. after decimal point represent one or more 32d of a point. 'pv ■■■?. LOW Sept. 23 Sept. 22 Sept. 20 HIGH Tuesday Monday Saturday AND 5k'" " ■:• 'xu' . A 3>A v SALE-PRICES Friday Thursday v, Wednesday Sept. 24 Sept. 25 High • High Low High Low 100.9 *100.6 100.7 *100.6 100.7 *100.6 100.7 *100.6 104.31 *104.28 104.30 *104.28 104.30 *104.27 104.29 *104.27 104.29 *107.24 107.26 *107.23 107.25 *107.23 107.25 *107.21 107.23 *107.21 107.23 111.22 *111.21 111.23 *111.21 111.23 100.31 111.23 *111.22 111.23 High Low 111.24 *111.20 101 *100.30 *100.30 101 101 *100.29 *100.28 106.15 *106.12 106.14 *106.12 106.14 *106.11 106.13 *106.11 112.16 *112.11 112.13 *112.9 112.11 *112.10 112.12 *112.9 *113.14 113.16 *113.11 113.13 *113.9 113.11 *113.10 113.12 *113.9 114.29 *114.24 114.26 *114.23 114.25 *114.24 114.26 *114.23 *101.22 101.24 *101.22 101.24 *101.22 101.24 *101.21 101.23 *101.20 101.22 EXCHANGE *103.16 103.18 *103.15 103.17 *103.15 103.17 CLOSED *104.18 104.20 *104.17 104.19 *104.17 104.19 ,*lp4.17t }Q4.1?f, STOCK *103.15 103.17 *103.14 103.16 105 *104.29 104.31 *104.29 104.31 *104.29 104.31 *104.29 104.31 *107.1 107.3 *106.30 107 *106.31 107.1 *106.29 106.31 104.31 *104.27 104.29 104.28 *104.26 104.28 *114.25 114.27 *104.12 104.14 *104.10 104.12 *104.9 104.11 *104.8 104.10 *104.7 104.9 *103.29 103.31 *103.27 103.29 *103:26 103.28 *103.26 103.28 *103.26 103.28 *104.26 *103.27 103.29 *103.25 103.27 *103.25 103.27 *103.26 103.28 *103.25 103.27 *103.23 103.25 *103.23 103.25 *103.23 103.25 *103.23 103.25 *103.24 103.26 *103.22 103.24 *103.22 103.24 *103.22 103.24 *103.22 103.24 102.29 102.29 *102.24 102.26 *102.23 102.25 *102.23 102.25 *102.23 102.25 106.7 *106.1 106.3 *105.29 105.31 *105.30 106 *105.28 105.30 *106.5 106.6 108.21 Feb 4 110.3 Jun 111.18 Fell 112.6 Feb 3 112.21 Aug 115.26 Jan 101.8 July 24 102.6 Feb 4 102.11 Dec 102.12 Deo 106.13 July 24 106.13 July 24 Apr 113.3 Nov 114.8 May 14 118.15 Mar 118.23 Feb 104.12 Feb~21 104.12 Feb~21 106 106* Apr 113.3 1963-1968 102.29 *102.24 102.26 *102.23 102.25 *102.23 102.25 *102.23 102.25 105.29 Aug 105.6 *105.3 105.5 *105.3 105.5 *105.2 105.4 *105.2 105.4 104 *103.29 103.31 *103.28 103.30 *103.29 103.31 *103.28 103.30 *107.15 107.17 *107.15 107.17 *107.15 107.17 *107.14 107.16 *107.14 107.16 *105.13 105.15 *105.10 105.12 *105.8 105.10 *105.9 105.11 *105.6 105.8 102.15 *102.10 102.12 *102.9 102.11 *102.8 102.10 *102.6 102.8 Treasury 2 *102.13 102.15 *10240 102.12 *102.9 102.11 *102.8 102.10 *102.6 102.8 100.10 ♦100.8 100.10 *100.8 100.10 *100.7 100.9 *100.7 100.9 *100.16 100.18 *100.16 100.18 *100.16 100.18 *100.16 100.18 *100.15 100.17 *101.15 101.17 *101.15 101.17 *101.15 101.17 *101.14 101.16 *101.14 101.16 *101.17 101.19 *101.16 101.18 *101.16 101.18 *101.15 101.17 *101.15 101.17 Treasury 2s *101.22 101.24 *101.21 101.23 *101.21 101.23 *101.21 101.23 *101.20 101.22 Treasury 2s *101.26 101.28 *101.25 101.27 ♦101.24 101.26 *101.24 101.26 *101.24 101.26 Treasury *101.31 102.1 *101.31 102.1 ♦101.30 102 *101.30 102 *101.30 102 Treasury * 3O2.10 *102.7 102.9 *102.6 102.8 *102.6 102.8 *102.6 102.8 Treasury 2s 108.41 Jun 107.27 Apr Jan 104.14 Sep 2 104.23 Feb 14 104.7 Nov 107.4 Apr Jan 2 104.18 Apr 30 103 Jan 107.9 Apr 13 102.22 Jan 107.19 Apr 102.11 107.9 104.4 104.4 Jan 6 Jan 30 Jan 29 104.15 Apr 12 102.21 July 30 103.20 Apr 9 101.16 Jan 106.15 Apr 2 105.17 Jun 2 106.28 Apr 109.15 Feb 101.15 Jan 106.16 Apr 106.15 Aug 106.15 Aug 105.17 Jun 102.20 July 30 9 104.10 May 103.19 Apr 10 -1951-1953 —1452-1955 June 1959-1962 Jan 102.11 Jan Apr 107.10 Apr 108.17 Aug 1954-1956 1956-1959 Vis 107.5 Jun 105.22 May 103.29 Jan Dec. 1967-1972 Treasury *100.8 14 104.2 June 1967-1972 2Vis 2 Vis Treasury 2 Vis Treasury 2 Vis Treasury 2 Vis *102.13 104.24 July 104.7 .—Sept. 1967-1972 Treasury *103.30 104.24 July 14 1966-1971 Treasury *105.4 107.15 Jan 1965-1970 Dec. 1964-1969 2Vis 2Vis Treasury 2 Vis Treasury 2Vis . Treasury 2Vis _ *102.27 Apr 108.4 1952-1954 June 1964-1969 Nov 106.16 May 1956-1958 . Feb Apr May 14 1950-1952 1962-1967 109.22 115.23 107.5 114.8 —1948 —1949-1953 Deo 113.12 Aug 1958-1963 1960-1965 Treasury 5,000 Feb 21 1 4 22 106.1 1956 -1959 Treasury 103.27 *103.25 Highest 104.27 May 111.23 Sep Treasury *104.29 v 108.21 Feb Treasury 107.7 ' 104.14 July 0 1951 -1954 2Vis 2Vis Treasury 2 Vis Treasury 2 Vis Treasury 2 Vis *104.30 *107.5 Lowest 102.22 Jan 1948 1951 Treasury ^04.1^104.19 4 102.13 Feb 1951- ■1955 2Vis 2Vis Treasury 2 Vis Treasury 2 Vis Treasury 2 Vis 114.25 y/ 1955- 1960 __ 27/8s Treasury 2 Vis Treasury 2Vis Treasury 2Vis Treasury Treasury 113.11 *114.27 • ■1952 1949 ■1952 3 Vis 3s n Year 1946 1 Highest Lowest 1947 4 Vis Treasury 112.11 *100.30 Range Since January EXCHANGE ilTreasury Treasury 6,000 106.13 *112.14 — 100.30 *106.13 < - oVi Rangc-for Previous GOVERNMENT BONDS NEW YORK STOCK Bonds ($) 100.7 *104.29 Sales for tkoVMk Sept. 26 High Low Low High y •* L *100.8 Low , ' 105.17 Feb 7 105.18 Sep 102.16 Apr 18 6 102.24 May 8 102.24 May 14 10~8~.17 104.22 Sep 107.14 Apr 100.29 Jan 104.16 Aug 102.8 i Treasury 2s 2s 102.22 *102.19 102.21 *102.18 102.20 *102.19 102.21 *102.18 102.20 102.27 *102.24 102.26 *102.23 102.25 *102.24 102.26 *102.23 102.25 Treasury *102.29 102.31 *102.28 102.30 *102.27 102.29 *102.28 102.30 *102.27 102.29 Apr *103.1 r 100.20' *101.1 101.3 100.12 .100.12 100.29 'Bid and asked , No *102.31 103.1 *103 103.2 105.21 ♦105.19 105.21 *105.18 105.20 *105.17 105.19 Treasury 2s 100.20 *100.18 100.20 *100.18 100.20 *100.17 100.19 Treasury IVis 101.2 ♦101 101.2 *100.31 101 *100.31 101.1 Treasury IVis International Bank July 9 7 100.13^2100: 100.22 100.29 . 100.19 100.22 this day. a Odd 100.20 E> 100.6 100.8 100.20 100.21 -- 55,000 10-year 2Vis 128,000 25-year 3s lot transaction, r Registered bond transaction. HThis issue Deo 102.8 Jan 103.91 Jan 103.7 Jan 107.22 1— 102.6 9 May 27 Feb ' 102.23 Apr 104.3 102.20 Oct 104.14 103.1 9 12 Apr 26 102.16 Oct 102.25 Apr 103.13 May 103.13. May 103.2 Jan 24 102.14 Nov 104.26 Feb July 21 102.22 Nov 104.29 Feb 29 101.14 May 102.28 July 21 103.4 -1953-1955 1948 1950 100.30 Apr 9 100.30 Jun 23 101.2 Jan 101.8 Apr 26 1957 1972 ^"*i Dec 102.4 June 1952-1954 1951-1953 < 102.23 Apr for Reconstruction & Development ico.8 transacted 102 July 22 24 102.30 Apr 24 102.28 Jun 13 Sept. 1950-1952 1951-1955 103.2 sales 102.12 Apr 102.12 Apr .Dec. 1952-1954 — Treasury 2s *i02.30 103 1949-1951 1949-1951 1949-1951 1950-1952 — — *100.18 *103 - 100.30 price. June Sept. — Dec, March *101 105.21 *100.18 Dec. 1948-1950 *105.19 103.3 *105.19 104.7 ! Apr 102 * > Apr — ..March 1948-1950 — Treasury 2s 8 Apr 102.8 Jan Jan 102 102.5 —1947 - 2s 2s *102.20 *102.25 - Dec. 1959-1962 101.4 103.9 . 2 Vis Treasury 2s — Treasury 2s — Treasury 2s — 100.6 Sep 100.18 Sep being redeemed on Oct. 15 at par. 26 11 101.3 Sep 102.00 July 15 July 15 Jan 101.31 Mar 102.17 Mar "f";». 103.4 Mar Volume 166 Number 4633 THE COMMERCIAL NEW YORK RANGE Friday FOR FINANCIAL BOND WEEK ENDING Interest Last Period Sale Price or Friday's Bonds Bid 61 AaKed Low Low New York J-D mis in. in a 10 120 New York Stock Broadway, 6%) External Bxternal AGtd sink Akershus fund 6s lAExternal *57 Af-3 *98 99 1945 J-J *361/2 42 B______1945 J-J 39 39 2 series C__ J -J 37 37 5 I 7s s External s sec sec series D 1945 40 5 24 A-0 38% 40 58 21 38 38 f s 7s 3rd Antwerp (City) external J-J series__1957 5s A-0 1958 10-year 3'As f $ s 93% 88 91% 28 90% 88% 90% 18 88% M-3 J-J J-D -*115 1941 J-D 57 *100 1077/a A-0 57 57 55 63 a-0 A-0 44% 44% 44% 57 57 1 55 1979 44% 44 45 7 59 1 J-D .1978 J-D 45% 56% 56% 55% 65% 55% 65% 55% 65% 56'A 56% 29 55% 65% 56% 56% 8 55 54% 56 26 54% A-0 A-O 55% 1957 ' 55% Af-S 100% 100% .—1958 F-A 103 1950 J-D 102 ; —1961 _1970 A-O 1984 J-J I960 4s A-0 13 104% 105% 105 % 104% 105% J-J J- J — M -N — *65 104 % M-N — I960 A-O — 1960 A-O Feb 1961 13 20% F-A 19 % __ 6 19 % 1961 F-A 1961 J- J Jan 1961 AExtl AExternal sinking fund 6s —1963 1963 -—. Mortgage Bank 6V2S—__1957 *. A 6'As assented 19% 19% J-J 19% A-O A-0 Af-N — — Af-N assented. J-D J-D assented— A-O 1961 - lAGuarantepd sink fund J-D 1961 AGuarauteed sink fund 6s 6s assented——— A-O ^1962 : Jlf-N 1962 Af-N 7s_j;—^__1960 22 9 5s 17% — 17% 17% — — 3s external s f $ bonds AColombia Mtge" Bank 6'As M-S 18% * — 1970 A-O 1947 A-O 1947 F-A 1927 page (State of) (Rep of) Af-N 1994 7s external s r *100% J-D Af-S __1947 Af-S 2008 M-S 1S59 M-S f 6s 7s 1st 99 *99'/a 100 ' 12 32% 24% 33 24% 17 1 17%. 11 f 1958 *7% A-0 A-O assented Alegre A-O 7s^^.__'__1947 1968 s 20% 1950 2001 — — 33 reduced to 2.25%)—,—2006 (City of) 8s__ J-J 29 33 35% 2001 A-0 1953 F-A 36% 28 31 28 extl loan of 33 34 41 11 33 *25% 26 26 35% 29 31 (Int 1946 1921 fund sink reduced external (Int A 7s to of loan reduced 2%) to A-Of ii .,*33 *27% — 40 ;;' lASan Paulo (City) ' 1— 35 37% J-D *23 M-N *31 35 *24% 28 *30 ~ 30 23'A 2.25%). j-D .1967 .2004 *24'/8 .1952 8s — 33 — a" 2.25%) Af-N *34 — 40 17% 3 Af-~N —1957 i ' ' . 38 *70 42 y4 32% *24'/4 " — — Financial Institutions SECURITIES FIRM TRADING MARKETS 25% ',*36 1 1 '■ *36 44% 8 f/4 r-.ARL MARKS & r.o- Inc. 4 ' 72 ~ 56 — .'•! -- , ' • ■ •; 90 42 62% 48 > ■; t -49 FOREIGN SECURITIES SPECIALISTS 16% 90 53 50 50 Broad St., New York 4, N. Y. Telephone HAnover 2-0050 54 Vi 48 50 '"t In'' 32 27 — ' 75 37 42 . . 72 42 *36 — -— —_i 72 — 42 27% *31% *T ' .-2012 FOREIGN 25% 39 31% 1 *26 27 17% 1 8% 32 1 —2001 For ■ — 8% * 25 . 27 39 24% ' — 31 31 — a"' .2004 4(j% 30 .2012 30 ! 34 30 .1966 — 1 27 j-D a~ 1926— Stamped pursuant to Plan (Int reduced to 2% ) . 35 32 .1968 municipal loan to -- t .1999 gold Stamped pursuant to Plan reduced — a — - tint P-A 29% 26'A — (State of)- Stamped pursuant to Plan A7s 2012 33 39% 2 — 28 *31 — 29 36% * A-0 21 38 32 ~iL 33 — 1946 243/4 8% 33 *27% . 21% 10% 9% *34 1966 29%" 7% 14 9 J-D 21 26 9 *10 J-J ' __1961 8 24" 7% J-J 1963 (City of) 12 *15 26 21 10 22' 16 21% Stamped pursuant to Plan , ~ 36 21 27 17% 40 19 27 21 . . 24% 21% A8s 26%* 17% ■■ 101 105% 105% *31 17% 102% 99% ' *105% 25'% 17% 16 98% 105 99% "104 -- 15 Bio Grande do Sul 29. 1963 1967 ref 3%s series B_ (Int reduced to 2%)— 23% 17% 23% 18% 17% M-N of '100 27% 20 18 — A-0 1946 99 27% 2°**» 15 . — 18 — of .1026 sec 26% 19 21 18% .—■ — M-S J-J 105% 96 2 ■ — J-D Jan 1961 99 20 27% 25% 19% — 18 — 1951 —Oct 1961 — 28 97 100% 100% — of)— Of 1928^—: 99 % 100 4-0 106 105% 96% 96% 99% 99 Va Stamped pursuant to Plan A 28 23 97% 3d 28% 19% 33 " 27 99% . i960 AChinese-(Hukuang Ry) 96 27% ^ 1961 14 99% 100 J-D Stamped pursuant to Plan A (Int reduced to 2.375%) AExternal sec 0%s 28% 18% — 1957 1961 ji-ASinking fund 6%s 97 99% 99% A-O 40% (Republic)— (Int 27% , 12% 11% 33 29% 96% 99% 99 V» F-A ,.1970 1955 (Int reduced to 2.375%) A6%s extl secured s f 19% 19j/2 15 Stamped pursuant to Plan 18% — 19 J-D A-O 1963 f 5s s 27% 28 — 19% — — Af-S 1957 extl 27% 17 20 — 1956 sink fund 4%s_ ARlo de Janeiro 263/4 18% — 19 19% . 12% 40 Stamped pursuant to Plan A 82 21% 20 — M-S 16 Af-N external 27% 18% —— '19% M-S f s 19 — 20 — — 14 *28 ,1957 AExternal loan 7%s — . Feb —Jan f 6s 11% 1965 19'A 22 10 *16 A 4%s 22% -- 19'% 19% 10 " *9% J-J 8s_ Stamped pursuant to Plan A (Int reduced to 2.375% ) 110% 64 — _1942 fund Municipal Bank 109'A 11 — 7 J-J J-J J-J Stamped pursuant to Plan 75 — 11% 7 15 100% 104 15% 11% 11% __ 7 47 101 Va 21 17% *7% 40 100% 99% *10 J-D J-J 17 104 99% 4 18% 17% 102% 92% 105 1942 7s sink A6s external *100 1954 f 99 100'/a 100 % 9% 16% „ 33% (Int reduced to 2.5%) 99M Af-N 8% *15% agree_1963 AExternal sink fund gold 8s A4%s assented 102 100 9% 9% 40% 62 101 22 12% 16% 62 99% 9 102% 45 28 *^98' Jf-S 1975 s 18 103 a 29 16% 62 — 38 Q-J 1933 6%s 12 38 16% 62% 547/a 6 f s 6 J-J agree, 1963 assent 9 Q-J 1954 of 1913 6s lUil *6 J-J 1942, agree_1903 1942, 100'/a 104 M -N 1945 . 81 80% *104 1-6% 62 55 J-D 15% 102 86 A Porto 63 56% v A-O 1954 6%s *— M-JV 1957 16% 7 100 — J-D 61% 55% weo 7s *99% 28% 62% 57% __ 7 1952 __1960 A-0 61 54% *55 bonds see 8 A 9 A-0 62 61 *55 of) ASinking fund. 7s A Sinking fund 7s 105 3 1960 62 54 Va *55 1961 (Republic 103 9 1961 62 *56% assented— For footnotes 55 *55 sinking fund 6s_ Sep 1961 assented Sep 1961 (AExternal sinking fund 6s—1962 i?: A6s assented 1962 A 6s 104 9 ' 1968 1940 62'A *55 assented A 6s of 1927 *— 1964 — AStabllkation loan 61% 55 *55 5s AChileatt Cons Munic A 7s assented 35 M-S 53% ser 62% ■\ 55% 56 v,*A6s Colombia 55 % „ *55 A6s assented A"A6s 18 40 A4%s 57" *55 AExtl sinking fund 6s .j^;A6b- 18 (State Mtge Bk) ANat loan extl 1 ".-■A, *55 assented s 48 *12 62 -' ANat loan extl s f 6s 2d ser IA Poland (Rep of) gold 6s„ A4%g assented 62'/a *55 101% 36 (Int reduced to 2.125%)__ 62 55% •io"o% 53 ♦54% Stamped pursuant to Plan A 63 55 . __ 100'/a 100'/a *100% *25 A Peru 61 57 *56% AExternal sinking fund 6s , 11 56% 69% *55 (City): 8s_ (Rep) External ..A6Vis 55% 55'/8 25-year 3 Vis— AChile 62% 7 3 *55 4%-43/4S a 6s assented 83% 55 55% 56 % *60 — ACarlsbad .. 73% 73% 55% 56% 6s stamped-^—»— External readj 4%-4%s v 83% *— A A6s 78% 102% *32 Ext 85 68 ,» f 101% 101 39% A Stamped assented 5s Stamp mod 3%s ext to_ 83% 55% (Province of) ARy external 76 76 *81 Sinking fund gold 5s Sinking fund gold 6s ;• 73 69% 102 62 1949 paid APernambuco 73% * M-S Panama 65 *— _ 3Vis Series No. 27 ■ .55'/a *__ ; 3Vis Series No. 28 3Vis Series No. 29 3Vis Series No. 30 ♦ 20 14 3ViS Series No. 25— 3Vis Series No. 26 ;<A6s 56% *102__ 102 % *32 Oslo (City) 57 3Vis Series No. 21 • 61 56% ..... 75 % 42 4s sink fund extl loan 57 *56% 81% 43 jf-a 3%s 3Vis Series No. 23 3Vis Series No. 24 j 59% 43 43%-43% 48 87 38 paid external External 44 j a-0 9 f $ 1 84 78% 42 (Kingdom) 3%s Norway (Kingdom oi) 4%s .1951 .3 Vis Series No. 22 s 45% 83 38 Netherlands 70 A 3%s Series No. 18 3Vis Series No. 19 3%s Series No. 20 (Dominion 56 83% 100 % (Int reduced to 2.125% )___2008 ABec external s f 6%S; 1959 Stamped pursuant to Plan A (Int reduced to 2.125%) 2008 63 59 4S — A-O .1952 48 J-J Stamped pursuant to Plan 73% Plan A 93% 1958 60 „ 90 % 85 1967 AAss'td to Nov 5, 1942, Geraes (State)— 73% 43% 1979 1957 89 ' *88 J-J AAss'td to Nov 5, 1942, agree_1968 AAssentlng 4s of, 1910 1945 ABec 113 115% 115% J-J 7s Mlnas 44 3%» Series No. 14 f part part lATreasury 70 116% 107% 112 % __ *113 87 104% 111 % 104% J-J extl 7s AAss'td to Nov 5, 115% 56 46% 3 %s-Series No. 15— 3%s Series No. 16 3 Vis Series No. 17_ A7s 107% 57 1957 3%s Series No. 10 3%a Series No. 11_ 3%s Series No. 12 3%s Series No. 13 . 109 16 1,1976 AAssentlng 4s of 1904 107% 106 56% 3%a Series No. 7 3%s Series No: 8 . 103% 46% 3%s Series No. 2— 3 Vis Series No. 3 ACbile 104% 107% 107% J-D 3%s Series No. 4 3%a Series No. 5 3%s Series No. 6 i Republic AAss'td to Nov 5, 99% 1978 (Int reduced to 3.375%)___ .1979 Bxternal 6 bonds of 1944 (Plan B)— 3%s Series No. 1 s (Republic of) AAssentlng 5s of 1899 101 100% 116 *113 93% . Jan 1,1976 Jan 1,1976 A Mexico A (Int reduced to 3.5%-)— external 91%' 90% funding bonds of 1931 due_ Stamped pursuant to Plan A 2% 87% 1955 H Canada 61 1955 Stamped pursuant to Plan s 887/a 89 (Int reduced to 3.375%)_ (Central Ry) External 94% 102 115 High .97% . *104 A-O 1943 AAss'td to Nov 5, 1942, agree.1968 (US) extl 5s of 1899 £ 1945 • 91% pursuant to Plan A (City) 109 7/» 92% 27 . Stamped pursuant to Aires 100 150 93 % F-A (Int reduced to 3.375%) s f 0%s of 1927 Buenos 126 94% : ' A-O A4%s assented 92% 88% A External Brisbane 102 100 94 91 6s 3 Vis Series No. Jan f $ (Colombia) Mexican Irrigation— 103 1962 f 8 t $ 8 AMedellln 45 18% J-D (Int reduced to 3.5%) AExternal s f 6»/as of 1926 * 98 J-D • * 100'/8 F-A J-D 1949 External s f 7s lABraxil (0 S of) external 8s Stamped pursuant to Plan A 7a 17 40 116 Low No. (Republic of) — A Jugoslavia 45 1966 15-year 3%s Stamped 19% ___1967 Belgium external 6Vis s 10 100 98 J-J 1957 ■ *36 % J-D Australia (Commonw'lth) 5s of '25-1955 10-year 3'As 1956 20-year 3%s 20-year 3'/as 40 ' 20% A-O Irish Free State exti s f 5s__ 45 A-0 2d 7s 16 A-0 45 1957 series__1957 f s 96 % 10 16% 17 *102% 110 *100% v_ A-O 5%s___.._l940 Haiti (Republic) s f 6s series Helslngfora (City)" ext 6%s/__ 45% 78% J-J F-A 1969 A 6« 45 1st series f 7s 1942 __1955 1969 A 7s 46 25 26% 79 23 A-0 Greek Government— 79 105% 25% series External External 71% f 7s 1945 81 97 f 7s A A A-O 1968 4s coll 7s A 1960 series French 79 s A External *57 s lAExternal lAExternal A .1948 (King of Norway) lAAntioquia (Dept) F-A 23 80 A-0 series_____ A Estonia 1947 80% ^4-0 2d 4s extl bs 79 17 J-D 1st Salvador Range Since January 1 Sold 78% J-J 5%s 3%s extl fund 1977 1-1693 Foreign Govt. & Municipal Agricultural Mtge Bank (Colombia)— ' Af-S 5'/as Teletype NY Bonds High F-A , 3s extl sink M -N 1949 5%s IA2d series sink fund Exchange Friday's 80 Af-N 1949 extended to gold or Bid & Asked 80% J-D 1953 .1951 gold , 4%s 1962 5 A Dominican Rep Customs Aam— I Also series bvfcs 01 I92b__ 1940 ■1 AGtd 1952 IA Denmark 20-year extl 6s New York Sale Price Low 5s Sinking fund 5%s __1953 Czechoslovakia (Rep of) 8s ser A-1951 ASlnklng fund 8s series B -1952 Stamped assented (int reduced to Wertheim & Co. Members (City) Week's Range Last Period A Foreign Securities REctor 2-2300 Friday Interest Exchange 25-year gold 4%s__. Costa Rica (Rep of) 7s Cuba (Republic of) 5s of 1914 Bxterhal loan 4%s 4%s external debt ■» 114% 110% A T elephone Stock High Copenhagen 1960 26 bonds' January 1 No. TranMt Unification Issue— Corporate Stock (1273) RECORD SEPTEMBER Range Since Sold High New York City 3% CHRONICLE Week's Range BONDS New York Stock Exchange - & ' : Teletype NY 1-971 41 range week for RECORD BOND YORK NEW ending september 86 Friday Interest Last Week's Range or Friday's Period Sale Price Bid A Asked Friday BOND S New York Stock Exchange i —1950 Stamped pursuant to Plan A (Int reduced 2.5%) 1999 A7s ©attl water loan——-luott Stamped pursuant to Plan A • ' (Int reduced to 2.25%J, 2004 A6a extl dollar loan — 1968 Stamped pursuant to Plan A • " (Int ituuced to 2% 2012 J-J • f 7«__ s 1940 — 48 12 43A 5 96 V* 97 VA *96% J-J Chesapeake & Ohio Ry— M-N 86% 12 89 - • Southern 104% 1989 J-J 126 1989 J-J %s series E A Div 1st cons gold 2d consol 100 4s gold 4s 100% 100 General 4s 93 102 1st J -J *__ 89% 84% •— 15% 18 21% 8 17% 9 B...1 COMPANIES Alabama Power 1st mtge 3 Vis 1972 J-J 104 105 106% 109 y4 104 108% A-O 105 A-O Amer M-3 25/as 2%s 107% 98% J-J 94 % 94% 95% 1961 J-D 198i> 110% 111% 110% J-D 103% * deb——1967 1995 Jan Ann Arbor 1st gold 4s A P W Products CO 5s ——1966 A-O Nitrate 104 38 102% 75 103% 103% 1995 85 4 96 „ 84% 95 Stamped 4s_— Atlanta & Charlotte 1st mortgage July l 1995 Air Line Ry— 3%s Atlantic Coast 1st cons unified 4Vis General Atlantic & Danville Ry Second mortgage 4s Atlantic Refining 2%s 1963 4s .July 1952 A—— 1964 1st' 4s .1948 1948 debs 1968 — *112 124% 105 % 105 106 20 104V4 103% Chicago J-D 108 108 104% 43 31% 31% 2 J-J 22 22 1 22 \ . 103% . eey* 53 90 ya 92 A-O 101 93% 21 86% 70 89 Series Ref 77 78% 45% 47 % 187 35 J-D •; 58% 58% 59%; 72 54 " M-S 58% ( 59 58% 59 % 20 51% J-D 71 M-N 86% 52 73% 60 84% 86 84% 97 Series 96 ref Series 4s stamped 1951 : 87% — _ Cleve ~3 3%s_—1951 125% A-O Telephone of Pa 5s series C—1960 1961 A-O Beech Creek Extension 1st Beneficial Indus Loan 2'As debs Bethlehem Steel Cons '■) Cons Corp— + 1st 1970 1976 1967 mtge 5s series AC 5s series II— 1st mtge 4%s series JJ 1st mtge —1955 1961 1960 —July 1970 4s series RR Ainc mtge 4 Vis ser A tABosten & N Y Air L 1st 4s 1955 Bklyn Union El 1st gold 5s 1950 Bklyn Union Gas 4s debentures—1969 Gen mtge 27sS— 1976 «... Buffalo Nlagara El 1st mtge 2%s„1975 Buffalo Rochester & Pgh Ry— Stamped modified 3%s gtd.— 3%s gtd Short Line 1st gtd 100 __ 100 < 143 5s Bush Term Bldgs 5s gtd 16% 103% 80 82 VA 80 91% 51 51% 55 42 66 54 54% 48 27% 57. M-N 51 54 . M-S 105% 106 J-J *»9 100% 66 100% 100% 105% 99% 100 6 J-J 61% 62% 19 32% A-O 61% 33 18 100Ve 95 95 A-O 105% 105% 55% 25 101 *97% 101 3 4 Elec Power 1st 3s 18 242 101% - 105, 100 97 93% 80% 104 7/a 104% 104 V* 104% 48 104% 108 V4 105% 105% 1 105% 107% 25 y4 2 24% 34'/a 24% 34% J-J J-J 78 25% >/4 *25 — 102 *111 106'/4 81 ' 60 80 *101 85 107 % 103 — *75 M-N — , A-O • «— 98 72 J-J 67% 7 2'/a 67% 67% * 105% 105% 106% *101% M-N 87% 98 '/a 65 V2 63 82~% 2 64'A 11 105% 80% 96 Va 90 92 M-N J-J 88 106 71% J-J 99 81 87 % 87% *__ J-D 105 VB 97 86l/4 *84% 113 V» 102 Vb 104 *97 105 111 *102 — 109'/a 102% 104 — 100% 104 108% 109 103% F-A *101% 104 A-O % 102% V'2 ■'"T J-D < 27% 12% 5 .. 104% J-D series L—— +-1977 Conn Ry & L 1st &, ref 4%s —1951 Conn, Riv.er. Pwr s f 3%s-A 1961 Consolidated Cigar Corp 3y4s._--.1965 Consolidated Edison of New York.1953 3%s debentures'. .1982 1st & ref mtge 2%s ser A: .1977 ; 1st & ref mtge 2%s ser B__ .1972 1st & ref mtge 2%s ser.C—_— .1954 $AConsol Ry non-conv deb 4s... .1955 v ^Debenture 4s"_L .1956 •' ADebenture 4s_^_ .1975 Consumers; Power; 1st mtge 2 7/a s, .1965 Continental Baklug 3s debs.—— .1966 Crucible. Steel ,1st ;mtge 3 y8s_' ..1942 tACuba Northern Ry 1st 5V2S— A Deposit receipts ——'—■ _~1952 ACuba RR 1st 5s gold : A Deposit receipts .1946 A7%s ser A deposit rets..——. ..1946 A 6s ser B deposit rets 107% 103%, 105% 11 105 104% 33 103 107 Vz 103 12 101 106% 49 51 36 44% 63% 105 105 10 104 % 106% 102% 103 '/a A-O 105 105 A-O 103 '/8 103 A-O 101 101 91 105 72 39 103%; 97 51 M-N M-S , *102y4 A-O 1 106%; 1976 J-D * 104% r 103 F-A 106 F-A M-N 105 105 1 104% 106% 107 9 106% 108% 106 106 Vb 108 J-J *108'/a 102% 103 '/a J-J 16 101% 12 101 M-S *98% 101 J-D 104% 102 % 104% 103% 101 13 101 103% 101 J-J 49% 14 30 51% 48% 11 34 51 Va 48% J-J 48% 48% 48% J-J 48% 2 33 %, J-J 102% 56 102 101% 101% 102% M-S 37 101 % 102 99 4 09 09 50 y8 50 Vb 2 40% M-N 40 40 % 55 JD *79 J-J 34% 35% 47 36% 9 *35% J-D s 51 VB 106% 104 98% 101% 49 Vb 63% 39 52 y4 76% 81 36 35% J-D 113 108 .99% 99 101 VB 109 % 108% 102% — 106 105% *103% 104% A-O 114 108% 59* *105% 106 Va A-O >8 110% 114 ii4ya F-A 107 A-O 108 86 % 32 44% 39 36 46 37% 45% 106 1974 Canada Southern cons gtd 5s A_—1962 — *„ i M-S ' 104 • California 16% 83% 1 » V 57% 62% 104% 104% 104 V* J-D 1st mtge 3s *105 F-A 56% 42 Vb 76% F-A Commonwealth Edison Co— F-A 55 V* 28 2 F-A .^1955 extl 4s Columbus 6c Tol 1st 06% 18 39 99 J-J ...1969 • 101 80 308 101'/a 101% A-O (stamped modified! .1980 Gas & Elec 3VeS debs.._1971 Columbus & H V 1st extl gold 4S..1948 Columbus & Sou Ohio El 3y4.s—-1970 104 A-O 1960 57% 1- — Columbia 98% 1955 tAlst & Coll 53 Bush Terminal 1st 4s M-S 25 Vi Colorado Si Southern Ry— 96% J-J 88 51% 51 129 100% Af-N A-O A-O .1972 1973 1977 92% — 82 % 66 y« 14 78 V* 51% M-S Union Terminals Co— mtge 5%s 101% 101% *100% 59 83 82 78 , 83% 101% 238 82% •82% J-J 1948 1950 4y2S_____1961 *__ 1957 82% w 103% 100 99% *98% ... 100 y» * 5 61 % *80 1970 M-N 1952 1 . —1993 A-O Af-N 117 ' 97 at (interest 1947) due tBurllngton Cedar Rap & Nor— Consolidated 99% 99% 99% M-S 1934 to May 3% M-N 65% M-N J-D 4%s J-J 64 —1974 99% 14 97 97 ' ( 1st mtge : 125% 125 % •— , ! mtge 2%s ser I mtge 2%s ser J Boston & Maine RR— AT-N 64% 64 P—1966 1st mtge 5s 100 ■ Beil 49 . series A— series B 1st mtge AVaS series C 1st 98% 91 y8 19 91% 91% 91% 91% 95 *92 J-J j-j 88% 63 J-J B_^—.... D Cleveland 1951 4s_ 69 54% F-A Cleveland & Pittsburgh RR—- Bangor Si Aroostook RR— Con 37 53 Apr. St Louis Ry— C 79 105% 53 J-J 3s 99 104% 69 V4 ..1094 series, E 32 87 93 J-D ..... Cleveland Elec Blum 61 89 86% J-J 104% J-J .1993 Ref & impt 4%s series E.v—+.1977 Cin Wab & Mich Div 1st 4s—.1991 St L Div, 1st coll tr gold 4s, <+1990 71% 70% , —1959 66 % 45% / J-D Terminal— General gold 4s_ General 5s series 73% 36 - 58% 58 % Jf-S Toledo Cinn div ref 4s A_ 50 10 ^.^..1951 23/4s ser G— Cleve CIn Chic & i 1980 12 37 1961 74 A 51% 1951 1st: mtge gtd 3%s , , J————due Dec 11993 501/a Apr ^1960 1)951 59 77 (2%% fixed contingent interest) — series 4s 50% 1 I 23/4-4ycs 1st mtge 46% Pgh Lake Erie & West Va 56% 88 >/a 140 Apr 4y2s__Jan 1 1999 ,rr 1989 City Ice 61 Fuel 2%s debs^ Ref & gen mtge 6% and 3%% 45 J-J Cine Gas 61 Elec J.st mtge J-J due Mar 11996 M__ 24 26 L & New Orleans 5s Cincinnati Union due Mar 1200o Series K 52 104% 105'% 70% 69 (..1952 8 A Choctaw Okia Si Gulf qons 5s ,2%S—...1975 101 May —due Dec 11993 Series G_— Series 88% 88% A-O 1950 ,.Ref & gen mtge 5% (2% fixed and 3% contingent interest)— 51 y4 —1957 Feb 1 2010 4Vi&. income 52 ...1943 21 int at 3Vi%")---: (fixed , Conv 88 *87 .1994 B T July 1 1948 Stamped modified bonds 1st mtge 5% (interest Fixed at 4%) .July 1 1948 6'western Div 1st mtge 5% 80 J-J '■ Chicago Union Station— ...1963 1st mtge 3yas series F^_. ...1963 1st mtge 2%s ser GChic & West'n Indiana conv 4s_. __1952 —1962 1st & ref 4v/4s series D._. Baltimore & Ohio RR— mtge 4s 23 126'% ..1994 - 1st 84 75 129 J-J gold 4'/a? ^ Income 30% 101 y4 82% — Chic Terre Haute & S'eastern Ry 41 19 10 101% 101% 101% J-J 28 5 1956 ' MemphisDiv 1st gold 4s. . 111% 108 % J-J 102 75 J-J J-J 1988 3%s Gold 107107% *103% 104 M-N A__^ mtge conv inc mtge 3s ser B A Conv M-S ser 44% 25 36 75 37 4s . 35 35% t Paci RR— & 3 M-N M-N J-J Certificates^ of deposit. ^ {ARefunding gold 4s ..I..1934 SASecured 4y2S series A 1952 / 112% 119% 3 100 Va 96% A 118 ' 104 94% 101 % 96% 101 J-J AGeneral 4s 132 116 ' — — 114% 115 115 M-N — 98% F-A 25% partial redemption^.—.^..1927' tChioago Rock Islri & Pacific Ry— f 96 53 124% 127 124% Nov Paul 1983 15AChicago Railways 1st 5s stpd 95 Vb 1 85 96 __ A-O July 1 1995 — Adjustment gold 4s '1st ' Q-J Topeka & Santa Fe— General 4s ,2nd 108% 97 y2 103 % 112% 17 Chicago Si North Western Ry— 102 y4 100 112% 11 F-A mtge 4y2s inc ser A__Jan 1 2019 conv inc ser B ...Jan 1 2044 4%s 105% 103% 104 103 A-O 50 361 St mtge 4s Gen 101% 98 y8 98% 103 A-O _1969 — 1st 119% 100% 98 y8 100 ———.1962 debentures—'. 110% Milw Chic 100 y2 100 98 Va A-O 1987 ' Amer Tobacco Co deb 3s 94% 14 ,..2003 mtge 4%s inc ser A Chicago Ind & Sou 50-year 103% 761 + A 2d 103% 99% 110 99% 98% 113 99 99% 112y4 112% 112% 112% ' ioiy4 108% 71 98% 99 "A 2%s debentures Atchison 106 F-A debentures AAnglo-Chilean 61 A-O debentures- 3s 100% 100 3a 107% 107% M-S ^Chicago Ind & Louisville Ry— A 1st mtge 4s inc ser A_ 100 87 ' 100% 1980 : debentures ; 10 1986 debenturesdebentures 2Tas 91% _1975 2%s 23/4S conv 1 105 *88 foreign Pow deb 5s..— 2030 American Telephone & Telegraph Co.— ioia ■ *107% 108% Albany Sc ,Susquehanna RR 4,/2S__1975 Alleghany & Western 1st gtd 4s 1998 Allls-Chalmers Mfg 2s debs„ —1956 & 100% 2 101A 101 A *104 y4 114% 115% J-J . .1977 ,1st & ref> mtge 3%s „i985 1st & ref mtge 2%s r._„_1970 Chicago & Eastern 111 RR— AGen mtge inc. conv 5s 1997 1st mtge 3%s scr B ^.1985 Chicago & Erie 1st' gold 5s__ ,..1982 Chicago Gt West 1st 4s series A___1988 AGen inc mtge 4%s__—.Jan 12038 90 F-A series 132 124 124 F-A ^1958 4%s ref & . 126 126 Chicago Burlington & Quincy RR— 83% 87 1 U 135 104% 1 M-N 143%. 107 107 V* . • 104% 105 6 M-S 104'/a 104% 105 ]/4 94 _1948 3 101% 101% 135 83'A ' Great 51»A 101% 135 101% J-J 101% 87 .11967 Express coll tr cold 4s- 107 39" 44ya.r44y4 135 831/4 RAILROAD AND INDUSTRIAL Adams 105% F-A : , Alabama 103% 103 V* 103% 104 F-A 94 *6% 47 103 VB 102 102 108 1996 87 F-A 27 Va 24% 102 Ref & impt M 3 F-A —1958 ——1958 36% 24" 10 M-N Af-N 8%s extl readjustment—,—1984 30% M-S J-D __r. 40 1996 R & 87 % 41 24% Ref & impt mtge 3%s D *120 ► 89 25% 27 General gold 4%s_.^,_„_r,.,.^_1992 . 130 121 12J. 121 32 • . 5s stamp (partial redemption;)—1942 Champion Paper & Fibre deb 3s__.1965 *120 F-A 86 65 66 ■ 32% *25 b'-A ...1974 1- 109%. 34 >31% , 66% 27 20 67 y4 65% 31% A-O , 20% 101% 12% 9% *__•- "42% 108 32 1974 jst & ref series A, ; (4%% to Aug 1 1949). 1 26 21 York Power 3s__ New jACentral RR & Banking Co ,10% 4% 2 17% 17%- 15 ' 10% 5 19 - J-D 80% 65% 10 5% 66% J-J Central Pacific 1st ref .gtd gold 4s_1949 67% 8 8 20% , j-j j-j 39 8 >io9y8 A-O 55 102% " 52 * J-J 91% 60 , Central 75% J-D : J A Mobile Div 1st gold 5s___—.1946 Central Illinois Light 3%s~.. 1.1966 Va 79 13 9% 52 13 76 9% 9 J-D High Low No. ; 9% 9% A-O 38 2 5 M-N External conversion 1979 8%-4%-4As extl conv —1978 ,4-4%-4%s extl readjustment 1978 external 7s- 49'/a A-O 85 37 86 5'A M-N A4 Vis assented— 91 M-N '' 1945 5%s series B .1959 A Ref & gen 5s series C„—_1969 AChatt Div pur money gold 4s__1951 . 59 42% 40% ...741/2 74 y2 A-O M-N & gen tACent New Eng 1st gtd 4s —1961 $,A Central at N J gen gold 5s., 1987 ; A 5s registered—..— I9a7 A General 4s —...1987 A 4s registered ^ 1987 46 45 86 33/4-4-4y8s AWarsaw (City) 56 ARef 65 48 *32 A-O A-O XI- N 6s 42 _ *40 1964 fund 44 * J-J SAConsol gold 5§— 64'/3 67 -January 1 Sold 49 Va F-A —.^JNov 1945 8A 1st mtge 5s 48 50% J-J <$, bonds of 1937)— readjustment-—.+1979 sink 92 y4 91 Range Since Bonds ■ High tCentral of Georgia Ry— 68 48'A M-S Sydney County Council 3y2s 1957 AUruguay (.Republic) extl 8s—1946 ABxternal sink fund 6s——1960 External Week's Range or Friday's Bid A Asked Low ■ 50 *36 L/ Stamped pursuant to Plan A ■'* (Int reduced' to 3.5%)+ 1978 Serbs Croats Si Slovenes (Kingdom)— A«e seoured external —1962 A 7s series B sec extl———1962 ASilesia (Prov of) extl 7s~. 1958 AdVis assented... .1958 AExternal Sale Price High Low No. *46 - I ASecured Last Period ' 1999 *—> *36 — Interest Exchange - 48 *46 J-J 1936 IA0*n Paulo (State) 8s_.... Stamped pursuant to Plan A (Int reduced 2.5%) Ate external—.— J-J York Stock New January 1 Sold High Low BONDS Range Since Bonds 1947 Monday, September 29, COMMERCIAL & FINANCIAL CHRONICLE THE (1274) Calif Oregon Power 3%s Canadian — 104 D National Ry— Guaranteed gold 4%s Guaranteed gold 5s Guaranteed Guaranteed gold gold gold Guaranteed gold 1957 J-J 114% 114% 6 114% 120% Oct 1969 J -J 109% 109% 12 109 % 113% Dayton Pr 6c Lt 1st mtge 2%s .1965 Dayton Union Ry 3 y4s series B__. —1970 ,1955 J-D 109% 114% Deere 113 % 119%: Delaware Si Hudson Delaware, Lack A'West N Y I+ack & Western 43As— 4%s_, 4 Vis, Guaranteed .1975 5s___ *109% 110% J-J 113% 113% 3 1956 A-O 113 113 VB 4 113 119% 1951 F-A 107 107% 19 107 112% 107% & Co 1st A ref Can Pac Carolina Ry 4% 1965 Carthage & Adirondack Ry— 1st . mtge gtd 4s Celanese 3s debs 3%s debs Corp Celotex Corp F-A deb stk perpetual Clinchfield & Ohio 4s ACent Branch U P 1st gold 4s For footnotes see page 29. i 100% M-S 101% 100 107 Morris F-A A-O *— 103 103 ' 65 103% F-A 103%: 103% • J-D *68% 72 63% 11 109 103 103% 61 78 105% 106 81 • M-N 1st mtge ser A (3% 1 % contingent int) fixed — 104% 102'/a 105 97% 25 96% *78% — 2042 .1973 A-O 1993 J-J 53% 55 26 106 y4 106 V\ 5 80% 161 78 90 42% 47 80 99 77 47 106% 93 — 47 54 Si Essex Delaware Power & Light' 3s -—Denver St Rio Grande West RR— 96% M-N 1993 100 '/a 1 100% 101% *103y2 A-O M-N 15 102% 102% 100% J-D .1973 ——— AIncome 110 . -1981 1965 1960 1948 RR Co— div M 5s ser C mtge due ———— division Goirtr 4-6s_ ——May 1 94% 107% 84 *107% 108% .1965 2%s debs .1963 4s extended— A-O 49 ' 58% ! 62% 106%* 109% 78 89% Volume 166 THE COMMERCIAL & FINANCIAL Number NEW YORK RANGE Friday York. Stock Last 1-eriod Exchange BOND WEEK, ENDING (1275) Sale Price or Fridays Bid & Asked Low High ' Bonds 26 Friday Range Since Sold,. Low Interest East Week's Range or Friday's Period; BOND S New York Stock Exchange. January 1 No. Sale Price Bid & Asked High Low Kentucky & Indiana Term 4%s. Stamped * —,— Plain J-J J-J ---— 4%s 70.% 69 108% 108% 10U.'A 106% 106%. 6,8% 100' 65 50'/a 104% 105 103% 90% 99% 997/a 99% *36% 39% 110% 90 *35 - Range Since January 1 Sold Low No. 57'/* noe% — . J-J *184% 186'/a A-O ; 103 — *-« 1 'A 103. l'/a l'A High 53 68'/a. 105%. 108 112 V# 112%, 102% 102% - *112'/a — Bonds 180 187- 103 11 105%, 43 1% 37/a Lake Sh & Mich Sou gold 3%s_...1997 3%s registered -.-.1997 94% 101'/a 30%. 103% High 55 50% 103% 103% — \ A-O 106% 109% 62%, 68 68% *55 unguaranteed Kinga County El It Si P 6s—— Koppers Co 1st mtge 3s—— JAKreuger St Toll 5s ctfs_— 73%' •• j-or ' 69% 27 RECORD SEPTEMBER Week's Range Interest B O ND S New FOR CHRONICLE Lautaro 37 % Nitrate Ca Ltd—. ' A 1st mtge Income reg —1978 Lehigh Coal & Navigation Co—. S P mtge 3%s scr A 1970 Lehigh Valley Coal Co— 1st & ret sink lund 5s_ —1954 107% < . 5s stamped East Tenn Va St Ga Dlv 1st 5 s. *115% Ed El 111 *150 (NY) 1st cons gold 5s Elgin joiiet, & East Ry 3%s— El Paso & S'western 1st s 25 110 8 mtge ina 4%s 104.% 112% 105% 113 cons series A 43, 59% 5s cons Ohio 3%s mtge ser 1st mtge 102% 88 G~ 94% 94 87 mtge 2s ser H Div stamped 1974 99% 3ViS 1 Firestone Tire St Rub 3s deb. ^Florida East Coast 1st 4%s. 103'A 100 V* 103 105% 103'A 103% 103'A 100V* 103 V* 102 54% A Certificates of deposit. Francisco Sugar coll trust 6s. 50 54% Guaranteed 4s 65% 101 'A 101%102%. 7 72% 56 102% 12 stamped • 42% 28% 39% 31 45% 33% 36 38 9 67 43 ' 52% 80 127%., 128% 112 5 116 118 5 118 101%. 102% 102 102'/a- 102 102 1963 *107 101% 10A 10 101% 104. 5 111% *111 112Va *103% 104%. 1966 Louisville Gas & Elec 3%s 82 27 —1949 1951 -—; 76 53 ref:gold 4s-_——.—1949 Lorillard; (P) Co.deb 5s 3s debentures 106 58 66%, - 22 Lehigh; Valley Terminal Ry ext 5s,1951 Lexington; & Eastern Ry 1st. 5s 1965 Liggett & Myer& Tobacco 5s 1951 Little Miami gen 4s series A__——1962 Long Island unified 4s 1949 105%, 102 A 1st St ref 5s series A— 1954 Lehigh Valley Ry Co NY 4%s ext-1950 Lehigh Valley RR— 4s stamped modified 2003 4s registered 2003 4%s stamped modified.* _2003 4%s registered 2003 5s stamped modified.,— 2003 81 99% mtge 3%s ser F cons 1st 1964 1964 1974 Leh Val Harbor Term gtd 5s 1st cons mtge 3'As ser E—— 1st —-—1954 ref sink, lund 5s, stamped 1st & ref sink,fund 5s— i v Gen 1st 106,% 105 *106'/a — & 5s 105 5s 5s stamped Erie; Railroad Co— 1st . 107% 115% 106 10.5*%. 107%. 104 Louisville & Nashville RR— 1st & Gas St Elec of Berg Co cons 5s——1949 General Realty St Utilities Corp— A4s conv lnc debs —1909 Goodrich (B F) Co Grays Point Term 1st mtge 1st 2%S-1965 gtd 5s Northern Ry Co— General 5%s series B General. 5s series C General 4%s series D . Gen> mtge 3'/#s Gen mtge 3%s : N ——2000 mtge 2%s Gen mtge 2%s, ser Q A ser ser P Mobile St Ohio RR 1st & ref 4s series B ——^—.1975 Gen, mtge inc. 5s series. A , 1st St, ref 3%siseries D_ Gen mtge inc. 4s ser 100% *— 98'/a 97 Oft 7'A 98% - 5.7: 100 100 9 101% 2Q 100% 105'A ... 23 176 71 86% 98 f\&,: ;^ioo 72% tSAHousatonlc Ry cons Finance Corp Hudson Coal 1st s f 5s series A Hudson Co Gas 1st gold 5s—; Hudson St Manhattan 1st 5s A 101% 1st A Ad J income 5s «*' 99'A- 102% 137 mtge 4%s 89 y# 99 1021/4 79 1957 lien Telep 2%s series A 1981 /-J 1st gold 1951 4s 1st gold 3'As J-J 23% ._1951 1st gold 3s Collateral sterling trust gold 4s Refunding Refunding *101'%'__ A-O *101% 105 M-S 5s- 9S% 99% 99% 99% 99y8 89 J-J M-N —1955 » 1st gold 4s —: — 1951 M-N F- A 99% 98% 98% 102 102 77'A 5s series A J-D F-A 1st St ref 4 'As., series C——1963 1st. ref mtge 4s. ser D_„.—:—.1963 Illinois. Terminal Ry 4s ser A——1970 Indiana, 111 St Iowa 1st gold! 4s__—1950 Indianapolis Union Ry Co— Reft St imp; 2%s ser Ci— 198® " r- -' 195ft AAdjustmenfc. 6s series, A_„July l952 A 1st 5s series B _1956 Al&t gold 5sc series C JAInternat Hydro-Elec deb 6s Int Rys Cent Amer 1st 5s B 1956 98 98 v 96 1 ' J-J *98' J-J 100 J-J 1965 F-A ; — Alst & gold 5%s ser A——i—1949 ref gold. 5a series H——1980 ——1981 66 88% J-D ■ J-D ' 100 103% 99 101% -'98 'A J-J 81% 81%,' 84'A *65. J-J 73; 69 70: 98% •" *—. . 98% 92% ' f 85% 98% *100%. 103 J-D 101% 99%- 101% 95'A A-O J-J 97 'A 98 58'A 57% 58%. 30, 24 43 23% .24% 65% 37 14% 53 30 547/a 28>. 40 y», J-J 54%- 1944 A-O 99% 1972 U-N - 53% 547/a 99% 100 101 101 16 42 77 97% 3 99% 59% 1 Alst" 5& series B -ACertificates of • —1986 —-1954 * J-D 80 if-8 J-J *102'/a 1C2% 81 102 y8 102'A 102% 105 77% 93 102 105'A 102'A 104'A C Alst of •New *101 City Southern Ry 1st 3s 1950 1st mtge 4s §er A .—1975 Kansas City Terminal Ry 2%s ,_1974 Kentucky Central gold 4»— —1987 For footnotes see page 29. 103% 100 105 101% 101'A 101% 105'A „ 103% 103% 103 % 102%, 104% 102 103'A 101% 105- ; *-— 104 — *122% — 23 65 7 59 96 74 68 101V* 100'/a - 103'A 105 Va 122 123% 103% 103% J-D 66% , 2 101 106'/# 103% 65% 84 81% 65 Jf-N 68 6 14 105% 109'A 121 'A 1057/s 20 121'A 124'A *— F-A 121% HO Jf-8 105'A. 105y2 105% J-J - 101 99'A 1 105% 106 J-J J-D 66% 66% 66% 99% 106% 100% *99% 100%. *__ 100 *-N J-J 106 104'A 105 101% 102 y4 106 J-D . 96% 101% 97 J-D 103 103. 103 15 5 105% 109 101 105 r J-J - - 105% 105% 8 104% 108 J-J 103% 103'A 1 101 87'/8 A-O *76% Xh 95 87'/# - 95 y2 106% 78%: 78% 80 ' 93 87 98% 83% 96 • r^A 94% 96 y8 F-A 91 91% 81% 97 95% 83 - 79 90'A - T-b 86 86 York Central RR CO— 95% 99% 101% 99 —1998 F-A C67/a 66% 67% 61% 81% impt 4VaS series A___ 2013 Ref" <fc impt 5s series C___ ^„201ft N Y Central & Hudson River RR— A-O 70'A 70'A 71'A 64% 82% 78% 79y2 72% 92 Vi 82 '/a 83'A 82'A 98 85 84 94 - Cons 4f Ref series A & 3'As Kansas *— F-A ACertificates of General mtge-3'As Kanawha St Mich 1st gtd gold 4a—1990 Kansas City Power & Light 2%s—1976 7ft 101% 103% 53 y4 63 ' deposit 1—-— 5%s series A— 1954 ACertificates of deposit——, James 60 105% 106 100 A-O t1 deposit-— 1955 deposit-——— 4,%s series D—^ ; .1955 Alst 5s series 1^3 ACertificates Frankl & Clear 1st 4s——1959 Jersey Central Pow & St 2%s 1976 & Laughlin Steel 3'As 1961 - 48 St Louis— Alst Jones 96 66 96% 1 *100 llfANew1 England RR gtd 5s___—1945 t A Consol gtd 4s —1945 England Tel & Tel 5s A 1952 ; 1st gtd; 4'As series B____—.—1961 » J? junction RR gtd 1st: 4s „1980i : New:1 Jersey Power & Light 3s>—^.-1974 New Orleans Great Nor 5s A—---1983 New Orleans & Northeastern RR-4Ref & Imp 4%s series A 1952 New Orleans Term 1st gtd. 4s_-, 1953; tNew Orleans Texas & Mexico Ry— jANon-cum lno 5s series sA_-——1935 ACertificates of deposit— 59'A 54% 30 58 60% 65% 96 '' J-J 59% 70% 58% 69% 2%s debs_1970 'National Steel Corp 1st mtge 3s—1965 National Supply 2%s debs 196T fANaugatuck RR 1st gold 4s 1954 Nfewark Consol -Gas cons 5s_: 1948 100 101% 90 1 1 65% New. J-D 66 105% 105% 102y4102y4 102'A A Nashville Chattanooga & __ — series 5s 1st mtge 3s ser B National Dairy Products 100% 98% 97 *102% 105 *100 4s Mutual Fuel Gas 1st gtd 5s_ 100 97 100 *100- ^International Great Northern RRrAlst 68 series A__~. 99% •' *96% - —1978 106 100% 99% , 1962 D^_ s series; A—Jan.1967 4'As series B— Mountain States Tel & Tel 2%s_. 84% 108% 107% *98- J-J series B—: 4'As series 100% 98% 6 7'A 78 % *106% 109' J-J —- 1963 102 77% Chic St L & N O— ref 199Q 1962 1975 General Constr M 93% 101'A 93% 100% 98% 102 1952 — 103% 103% Constr M 71 M-H 195ft — 4s 1 Lines 1st Registered Joint 102 1955 21 35% 35'A *100% 103% 106% 102 y# 35% 98% alOl RR— Alst & ref 5s-series I_. 101% 99% 100 Springfield Dlv 1st gold1 3%s—_1951 111 Cent and 99% 71 A-O 40-year 4%Si—— * 1966 Cairo Bridge gold 4s 1950 Litchfield Dlv 1st gold 3s_— 1951 Louisville Div & Term gold 3'As_195ft Omaha Div 1st gold 3Si—1951 8t Louis Div & Term gold 3s—11951 Gold |3%s —1951 Western 191% 103 *100'/a 102'/a •Monongahela Ry 3'As series B—1966 Monongahela B— Murrell Morrell ( John) Ss-C0 3s debs—is Co debs--—1958 2000 Morris St IPcsp* 1st Btd 3%s & Essex 1st gtd 3 'As 105 195ft 4s— Purchased lines 3'As Collateral trust gold * J-J 1951 1951 Extended 1st gold 3'As_— , 102 93 80 100'A 105% *103 alOl Moh'k <te Malone 1st gtd gold 4s_. As 4s—1991 — 99 1977 1st & ref 5s series G——.——1978 A 102'/# 103 Va *103% 79%. 86% 1940 Alst As, ref 5s;series A_ A Conv Bell 79,'/a. 85% 1966 A , Illinois 79'/a 77% 102 Alst & ref 5s,series F i ; Illinois Central RR— 97% 81'/a ^Missouri Pacific. RR Co— • 63'A 13% 98 97% inc ser A__i_Jan 1971 Jan 1991 ACum. adjust 109% 48% Feb 1957 Prior 88% 107 1949; 40-year 4s 140% 74 1962 111% 112% *98'A 100 1972 Prior lien 5s series A gold 5&—1937. 2%s —1970 103 Vt Minn fit Paul is Sault Ste Marie— Missouri-Kansas,Texas Household 98'A 90 06% 1954 AGen mtge 4s* inc ser A Mo Kansas; & Texas 1st 4s. Hackensaok Water 1st mtge 2%fc-_1976 Hocking Valley Ry 1st 4%s__ 199ft 108% 91 1960 ser B. t§ A Midland of N J 1st ext 5s 101% 52'A colics - 104'A 75. 98'/a .56;55'/c 112'A Metropolitan Edison 1st mtge 2%s_1974 Metrop Wat Sew & Drain 5'As 1950 t§AMet West Side El (Chic) 4s__1938 Michigan! Cr^ralV— : Jacfc.Lans & Sag 3%s —1951 ■i 1st gold 3'As 1959 Ref & impt 4y2s series: G 1979 Michigan; Cons Gas 1st mtge. 3 % a. 1869 1st mtge 2%s 1969 65 2 102 100% 101% -2018 i.——196£ B——.—_264< Gull States Utll 1st M 2%s 197( 98% 62 1 *111 May Dept Stores 2%s debs Mead Corp 1st mtg# 3s 91 9. 102. f. — 93% 63'A 16 99'A Manati Sugar 4a sink fund—Feb 11957 AManilaiRR (Southern Lines) 4s 1959 104% 87 97% 63,'A- /' 1st mtgafii 104% 98'/a 87 'A *8% .1959 Gulf 100 93% ■ *— — s— Greyhound CorR 3s debs__, t *— , — 1961 Green Bay St West deb ptf* A A Debentures ctfs B— 129 99 103% 11 95 91 *97 Central RR 4%s ser A Maine 133'A 93%. 2010 Atl Knox & Cine DiV 4s 117% 128% 122'/a 100% 103% 104 2003 101% 114% 9ft 2003 —1980 1855 103'/# 101% *100 _1982 ... R 100% 122%, 122% • — 1990 O 14 series F— M 2%s ser G- Bt Louis DiV 2d gold 3s__, 86% 128% 129 1976 ser 105% 7.7 114%. 115, 1973 s—a.— 43 *100% —1952 ser Gen Gen mtge 2'As 100% 101 ,-1947 Great 86% 8.6 104 M 3%s ref 1st & ref 1 —, 1997 1997 registered— Lake Shore coll gold 3'As 1998 3'As registered 1998 Mich Cent coll gold 3'As. _1998 3'As registered 1998 New York Chifcago & St Louis— Ref mtge 3'As ser E___ —1980 1st mtge 3s ser F 1980 A-O - J-J J-J F-A F-A F-A F-A 78% *—. 66 81'A 73% 74 V# 62% 77 72% 61 94 90 % 101% 97% , THE COMMERCIAL & (1276) 28 RANGE Friday Interest Sale Price Stock Exchange New York Week's Range or Friday's Last Period BONDS Bid & Asked Y Connecting RR 2%s eer N Y Dock 1st gold 4s B... 1975 * - Friday il95l N Y A Harlem gold 3%s:—_——.2000 Mtge 4s series A ,———2043 Mtge 4s series B —2043 N < Y Lack A deb 99% APlttston Co 5%s inc deb— 101%* 103 , 110 t A Providence Terminal 4s Public Service El & Gas 3%s 1st . 60 1st A ref mtge 3s. ; 4844 4844 49 72 28% 52% Jf-fl 48 47% 48 7 27 Va 1954 13 *155 2037 2037 *107 165 *237% — 108'A" 51% 28 Va 48 47 Vi 4744 477/s A-O 1955 J-J 49 48 Va 49 V4 94 28% 52 1950 Jf-N 49'/a 48 Va 49 Va 120 28 52% 47 48 Vt 75 28 51 A Debenture certificates AConv deb 6s lACollatferal i 3 Vis—_1950 6s Debenture 1st A ref 4Vis- series of A 52'/4 53% 186 30% 79 80 V4 49 53% 1144 11 Va 11 Va 36 9 20% 53% 49 Va 50 Va 293 29 53% 65% G4 44 65% 681 64% 70 J-J 32% 32 33 Va 622 32 38% - m-w Gen mtge inc 4 Vis ser A w i 2022 $ A Harlem River & Port Chester— —1954 M-S J-D 1st 4s —— General 1955 4s N Y Power A Light 1st mtge AN Y & Putnam * N Y State 2%s_1975 gtd 4s_i_1993 1st. cons Elec N Y Steam Corp 1st 3 Vis 1963 JN Y Susquehanna & Western RR— 51st refunding J A 2d gold 4 Vis J A General gold 5s J A Terminal 1st gold 8 64 3 ' 5% 17 100 Va 104 Va 10044 101 661/4 6644 11 66 Va 83 Va 101 Va 22 11 11 Va 26 107% 10744 9 83 Va Niagara Falls Power 3Vis„. 1960 Norfolk Southern Ry Co— A Gen mtge 5s conv inc—_ 2014 Norfolk A Western Ry 1st gold 4s_1996 M-S 4444 12 A-O 133 134'/a 3 North M-S *_Y 129 Central Gen A ref 4 Vis series A 4s lien 3s registered 4Vis series A Ref A impt 5s series C Ref A impt 5s series D Ref . . L.2047 A .impt 2047 2047 2047 1971 1996 2d J-J 100 96 Va 66 1st mtge 48% 136% 126% 126% 33% *64 V4 95 90% 9 92% 104 . 94 trust 4 Vis Northern States Power Oo— (Minn) 1975 MS * ..1974 mtge 2%s 1st mtge 2%s (Wise) 1st mtge 2%s_: 103% 102 1975 100 100% 100 A-O 100 100 101% guaranteed 1st , 2%s mtge 4s 1948 Oregon-Washington RR 3s A ser F-A 11 7 103 Va 1960 12% 19 11 99 Va 105 Va 99% 10 99 Va 98 Va 1 98% 103 105 Va 24 105 104 Va 3s 1st ref Indiana Pacific A ref ref ref A J-D *_. 107 Va .1971 series 3s 1st J-D J-D 105 105 Va K L__, 3s 1st A , I960 ...1974 J-D 1979 J-D 3s... series N-;-*—.—1977 J-D series M 1st 8cv ref 2%s series P ..1981 Pacific Tel & Tel 2%s debs__.___1985 2%s debentures : ..1980 Paducah A HI 1st s f gold 4y2s__._l955 Paterson & Passaic G & E (Oregon Lines) Gold 4VaS cons 5s_1949 Pennsylvania Co— Gtd , 4s Aeries E trust Power A etfs*__. 1st mtge 3s 3s s f debentures Light 109 108% 105 109 109 9 104% 104 Va 20 105 Vi 109 Vi 101% 104 "r 102 99% 104% 6 101% 106% 104 104 106% *104 ._ a 197J Standard Oil of Calif 2%s A-O 42 Va 4244 / if-* 41 44 *JL J-D '100 106% 107 y8 Standard /. .£1 108 104% — ..1965 stamped dollar., .1948 sinking fund 4V2s_—_il960 106% 19 102 Va 105 102 15 101% 104 10133 102 Jf-N 2 101 tt 103% Terminal Rft Assn of St Louis— 4VaS .series A—___1965 series 5s Genferkl 444s Gen mtge Conv Gen deb B__ i_—1968 series D___ 4%s 1981 series E.—_____1984 3 44s ....1952 ... mtge 3 Vis F_. ser Peoria'& Eastern 1985 ext..—; 4s 102 102 115 115 115 Va 8 115 122% J-D 104% 104% 104 124 104 118% J-D 107% 107 % 108 Va 62 10? 125% A-O 100 Va 99% 100 Va 82 99% 99% 99 >/a 100 Va 100 99% 118 Vi 100% 101 % 56 99% 103% 87 Va 101 J-J 101 A-O • *_. J-J 87% ..I960 A-O Apr , F-A " "106V4 65% 66 1644 17 2 v 15, 59 12% 118% 75% 39 •• 100% 103% 104% 100% 105 * 103% MS 106 123% 130 120 126% — • Phila Bait A Wash RR Co— series B ....1974 General gold 4%s series C— Philadelphia Co coll tr 444 s Philadelphia Electric Co— 1st & ref 234s__ 1st A ref 2%s 1977 J-J .1961 J-J —.1971 ... F-A 123 *120 - 121 Va 105 Va 106 106 J-D 102 v..102 —1967 MS 1974 MS 101 101 Va 1981 J-D *._ 101% 1937 J-J 1964 F-A f Pittsburg Bessemer & L Erie 2%s_.1998 Pgh Cine Chicago A St Louis Ry— ; Cons gtd 3%s series E 1949 J-D 1st & ref ...; 244s JIA Philippine Ry A — 2%s_ ,1st A ref Certificates - ; 1st s f 4s of 4s 13 13 13% T gtd 102 V, 103 Va deposit.: Phillips Petroleum 2%s debs. Cons 102 %. series F__ Cons /Gen mtge 5s series B Af-N i960 106 112 F-A 1904 __ 106 *109 F-A ...1963 .... 100 *102% J-D 1957 .... 101% 102 Va *— F-A 1953 . gtd 4s series G__ Cons gtd 4s series H___ Cons gtd 4Va8 series I... Cons gtd 4 V2s series J Pgh Cine Chicago at Si Loua> Gen mtge 5s series A 101% *__ 119% 118 Jf-N 118 Va *118 .. _. KR— i__1970 J-D 1975 A-O 107 »/4 107 % 107% 107 % 107 V* 108 .1975 A-O 1st mtge 3%s_1964 Consolidation Coal— Gen MS 103% 103% 104 103 Va mtge 3%s . E__ ser Pittsb Coke & Chem Pittsburgh 3 Vis debentures Pitts Steel -1st mtge i960 J-J 1st mtge 4V2s 1950 J-D 4Vis series B —1950 J-D Pittsburgh A West Virginia Ry 1st mtge 4 Vis series A 93 Va 103 Va 103 Va 103 * 103 103 Va 105 1958 J-D .1959 A-O 86 86 ..I960 A-O 84'/a 86 Youngstown & Ashtabula Ry series A... 1948 J-D 1st mtge 4 Vis series B 1st mtge 44is series C Pitts 92 1st gen 4s 1st gen 5s series B gen 5s series C : 1st gen 4Vis series D_._-.__ see page 29:v F-A 1974 . 90 *101% 102% _1962 1st For footnotes *86% J-D *120 1977 J-D *11844 *— 117 4s ser C— 27/aS series D_ deb. Ref & imp M F-A : A Incomer 4s —Apr 1990 Peoria & Pekin Union Ry 5%s——1974 Pere Marquette Ry 3%s ser D_.__1980 General lis debs—_1966vi '(NJI deb 2%s_——1971 I 2%s debs—Y,—-1966 debs 1972 .. 104% 102% 35 102 Va 103 A-O Jf-N General Oil Sunray Oil Corp Swift A Co 2^8 102% 103% 103 % A-O —.1948 sterl Cons Merles F—1 Co— .Consol gold 4s General E———1986 —1998 G.:—~—1901 Southern Ry 1st cons gold 5s.*—1994 1 Devel A gen 4s series A——1956 Devel & gen 6s series A——.—.1956 Devel A gen 6%s series A———1956 Memphis Div 1st gold 5s —1996 St Louis Div 1st gold 4s 1951 Southwestern Bell Tel 2%s debs—1986 ASpokane Internat 1st gold 4'/as__2013 2%s , 21 V4 102'A *104 Jf-0 Va 104% 99 V4 100 99 V* 109 1969 .11981 1st mtg3%s ser A.1978 1st mtge 2 Vis ser Pennsylvania RR— 4s ... 1977 Pacific RR Co— 1st mtge 12 J-J .1952 15 *10044 101% A-O Pennsylvania Glass Sand 3%s—__190O Pennsylvania 4 VaS 1994 A 1st mtge 2%s ser 108% 106 Va L.j,. 105 V» 106 Y • , n 104 Va 105 Va 105 V4 J-D - ' 104% 104 Va 104 Va J-D Pennsylvania-Central Airlines— .-344 s conv inc debs...:..*.*—..I960 •> *108% 1987 Ry 2%sCo— 1st 4%s San Fr Term ....1970 1988 — debentures Southern 106% , 1979 Southern Southern series 3s 1963 debentures 2 %s 103 % 98 Va 98 Va1 A-O " 2%s debentures Pacific Gas A Electric Co— 1st A 1971 1941 Gold ' A. debs— 1960 1976 P •m A ref 3Vis series I.—■ 1st A ret 3s series J Oil 2%s Union Skelly Oil 2%s debs Socony-Vacuum Oil 2%s South A Nor Ala RR gtd 5s 107 Va 11V4 A-O 1975 '? 12% 103 Va 103 Va J-J MS 1975 —...— Oklahoma Gas A Electric 2%s 1996 2016 Southern Bell Tel A Tel Co— 1974 1st mtge 3s 1989 A ser t§ASilesian-Am Corp coll tr 7s JOgdensburg A Lake Champlain Ry— A 1st gtd 4%s_—1941 3%s B 1971 Gen mtge 4V2S ser Shell . Ohio Edison Union Depot 1st mtge 4s A 104 Va *_. 100 A-O .___1977 1990 Seagram (Jos E) A Sons 2%s debs. 1966 104% 10244 F-A —Nov 1989 Scioto V & N E 1st gtd 4s Seaboard Air Line RR Co— ■ 1st Line RR § A Short St Paul 103% 99% 6 106 —1989 ctfs tSt Paul & Kansas City—. 101 100 101 Va 102 »/a 101 Va bond inc A ref gold 5s series A St Paul A Duluth 1st cons gold 4s_1968 , Coll 4s A Gen 1997 2022 Ry— certificates bond 4s A 2d 76% 72% 61 1O0 98 Va 98 Va J-J 33 97 98 99 Va J-J 109% 60% 4s ser A 4%s ser A—i Louis-Southwestern 1st 113% 99 4 68 - 2nd mtge 'St 128 101 39 67 Va 1996 1955 St Louis-San Francisco Ry Co— 128 100 Q-J Q-F Q-A -' 109 132% 44 105 67 : Jan 1 2047 3s Power 3s ser A 1st gold 5s gold 6s St L Rocky Mt & P 5s stpd St Lawr A Adir < 20% 9 107% 120 103 103 Va Q-J 1997 1997 registered..: 43% MS —1974 1934 .1949 -1941 Saguenay 101% 101 . A-0 A ref 5s—...1974 gen Northern Pacific. Railway-rPrior lien 4s General f U 17% 92 83 Va 5 101 &3V4 Rutland a 40 ~9% 55 17 Va Jf-N J-J J-J Y —1969 stpd____ RR-4%8 stamped. 4s 34 14% 5s —1943 Telephone 2%s ser D——1982 JjAN Y West A Bost 1st 4Vis 1940 N 93 Va • 105% 108% Ref & imp Texas Corp 3s 95 *102 Va 103 Vi 107 29% 3844 *22 16% 103% 105 38 series J 3%s mtge tARut-Cahadiaii 103% "105 J-J Gen t§AR I Ark A Louis 1st 4%8 77 59 100 J-J F-A F-A 1937 1937 1940 5s_ 13 4% J-J —.1977 2%s Gas & 9% 344 100l/4 MS A-0 i 14 9% 444 Reading Co 1st A ref 3%s ser D, .1995 Revere Copper & Brass 3%s -I960 Rochester Gas A Elec Corp— Gen mtge 4%s series D 1977 Gen mtge 3%s series H —1967 Gen mtge 3%s series I —1967 104% 97% 99 Va 100 AT-N JAN Y Ont & West ref 4S—June 1992 A 101 80% j-d J-J . ,—2007 101 56% 80 _ 1927—1907 1— w 53 Vb A-O , 1957 4s ser Quaker Oats 2%s deb J-J .1940 : a 1st & ref(4S J-J —1948 —- trust A - 5s_. No. 7/ 100 51 ANon-conv deb 4s y *__ 2016 198B —1966 Bonds Sold High 109% 109% .j—____.1972 1st & ref mtge ANon-conv deb 4s ■ *10% 1956 ...1968 1st A ref mtge 8s If-8 Range Friday's *111 1977 11957 85% 68% 77 "73 or Bid & Asked 1960 mortgage 3448— t A Providence Securities 4s—. 00 69% 69 69 1st M 3%s El Pwr Potomac 110% 103 108 "104 Week's 100 ': 100 1964 103 Vi 1947 : 3%s 3Vis— ANon-conv deb, -3 96 Va 1947 ANon-conv deb 4s ANon-conv 99% Sale Price Low *103% 112'/a Jf-N - 11 Last Period York Stock Exchange New High Low No. *101 — Jf-N 4%s -series B— —* -1973 IN Y New Haven & Harford RR— 97% 99% J-/ series A—1973 4s West - High Interest BONDS :■ January 1 Sold 96 Va A-0 F-A Jf-N J-J 26 SEPTEMBER ENDING Range Since Bonds Low N WEEK FOR RECORD BOND YORK N EW Monday, September 29,1947' ■' FINANCIAL CHRONICLE ► 1 mm Volume 166 Number 4633 THE COMMERCIAL & FINANCIAL CHRONICLE (1277) NEW YORK RANGE Friday BONDS Last Period Sale Price or : Bonds Friday's Bid & Asked Low Walker (Hiram) G & W 2%s debs.1966 Walworth Co conv debentures 3%s_1976 BOND WEEK ENDING M-N Range Since Sold Low *99'/a 100 Af-N 95 A-0 New York 94 F-A *__ J-D 2 100 1st mortgage 3s Winston-Salem S B 1st 4s 107% ^Wisconsin Central Ry 8 A 1st general 4s— 105% 57% *100% 50 ; Wilson .& 60 110% 110% 3 101% 102 103 103 V 110% 113% 106 106 106 10 105% §ASu of or 107 107 6 106% 102% 102% 103 10 101 % 101% 101% 22 101% 93 % 16 79% *103 67 Low J-D J-J 21 105% 118%: 60 83% 82% 66 21 98 98% 13 *— 108% .*97 100 75% 15% 10 *19% 1976 High 103 116% 6667 Af-N 2%s NO. 103% *— deposit. Power Range Since January 1 Sold '*117% J-J lst4s—1936 I' Bonds High 24 y8 18 21 98 102 106 M-N -..-1949 Low 106% 101% A-0 J-J 109% May of Electric 1958 —I960 Friday's Bid & Asked deposit— & Du div & term Wisconsin * 107% 107 A-0 West Penn Power 3%s series 1—1966 Western Maryland 1st 4s .—1952 Western Pacific 4Vas lnc aer A—.2014 Sale Price . ACertificates J-D , Week's Range Last Period .. Co ACertificates 100% — J-J — Friday Interest , Exchange 100% 40 107 *53 Q-Af Stock High • 98% 96 y» 107 F-A , 26 BONDS January 1 Ho. ■> High Ward Baking Co— 5%o debs (subordinated). .--1970 Warrfen BR 1st ret gtd gold 3 Mrs—2000 Washington Central Ry 1st 4s--_1948 Washington Terminal 2%s aer A—1970 Westchester Ltg 5s stpd gtd.1950 Gen mtge 3%3 ——1967 RECORD SEPTEMBER Week's Range Interest - New York Stock Exchange '/ FOR t Wisconsin Public Service 3%s 1971 108% 109% Western Union Telegraph Co— Funding & real estate 4 Vis 1950 25-year gold 5s 30-year 5s ——1951 West debentures 197JI 1st ref 2%s M 3%s mtge 95% 75 93% *101% 102 95 100 7/a 101 101 % 6 M-S 65 64% 65% 25 57 64 63 64 11 55% 104% 100 102 % 100% 103 A 1992 D ser J-D 1970 *97 M-S 1 1967 —; __ 99% *99% 100% J-J 99% 99% 100 50 76%. 99% 1976 J-J , 106% *104% & Power 2%s 101% 100 dellv?ry sale not lncIuded la the year's range, d Ex-interest, e Odd-lot sale not in the year's range, n Under-the-rule sale not included in the year's range; r Cash sale not included in the year's range, y Ex-coupon. ... SNegotiability impaired by maturity. fThe price represented is the dollar quotation per 200pound unit of bonds. Accrued interest payable at the exohange rate of $4 8484. V tCompanies reported as being in bankruptcy, receivership, or reorganized under Section 77 of the Bankruptcy Act, or securities assumed by such companies. * Friday's bid and asked prices; no sales being transacted during current week. ' * ABonds selling flat. . 72% Af-N 101 Elec Lt f included . 103 M-S -1949 series Yonkers 103 101 % Af-S guaranteed Wheeling Steel 3148 series C1st 76% 102 2361 —— 4s Wheeling & Lake Erie RR 4s & 106 92 -2361 Shore Registered Gen 93% 90 J-J 94 92 ?o J-J 1951 Westinghouse El & Mfg 2%s 2%8 M-S 1960 93% 101% , i NEW YORK CURB EXCHANGE AND WEEKLY NOTICE—Ca3h and in footnote a in the RECORD YEARLY deferred delivery sales are week in which they disregarded in the week's range unless they are the only transactions of the week, and when selling outside the regular weekly range No account is taken of such sales in computing the range for the year. occur. • In the following extensive list we furnish * • are shown « complete record of the transactions on the New York Curb Exchange for the week beginning on Saturday, Sept. 20, and ending the present Friday, Sept. 26. It is compiled from the daily J reports of the Curb Exchange itself, and is intended to include every security, whether stock or bond, in which any dealings have occurred during the current year. , a RANGE Friday STOCKS-— New York Curb Par ACF-Brill Motors warrants Acme Aluminum Acme Wire Adam . Alloys 4% Inc.. ,1 . 3 : Appliance.: pfd__ Airlines lnc Altorfer Bros Co $3.75 Co common of Aluminium <■' ' Ltd American ; , '! Co— — convertible - 25 10c Blue Feb Blum 1 :;Jan Bohack Bourjois lnc 300 161% May 195% Feb Brazilian Traction Light , Scrymser 90 50 50 Mar 52% Sep 7% Jan » 100 37% 9,000 36% 200 110% Apr 2% May 17 100 Amer 113 49 Jan 43% Sep 51 Jan 13% Jan 19% Sep 32% 33% 400 19% 19% 45% 124% 124% 3% 1,900 , 2,900 American Mafacaibo American Metal 3% Jan 29% May 37% Feb 18% Sep 24% Jan 28% Jun 32 % July 14% American Meter Co_____-__i American Class Potash & Chem * —' Amer Superpower Apr 17% July 4% Feb ' Amer dep Common class A non-voting :f.f 6% 7 7 _ British American iji ' {i *5 v. ; t - ■( .... 18 17% 5% Amer dep rots ord reg Class B_ 18% — "5"% "5% 600 8'% 100 Atlantic Coast Fisheries ;_* 1 ^ 1 Avery 6%. Voting Machine.^. (B F) & Sons Ayrshire Collieries * common 5 ..... 25 preferred Corp 1 63 19% 19% 13 13 200 3 200 100. 3 23% 23 % 100 -* " 21% 21% 7% 22% 8 1,700 500 Feb May 9% Jan 110 ' 5% 110 - 111 - 500 1700 260 5% 5% . 5% 1,500 5% 5% 6 3000 syA. 10% __ " 53410% 1,000 __ 10% 12% 10% 12% 300 110 800 % SVs __ 6 6 1 „ 800 8% 100 6% 900 5% 5% 2,700 31% 30% 32% 2^600 5% 5% __ 200 24 July 5% Feb 10% Feb Sep 114% Mar rs% -Feb 3'% May Jan 10% Jun 9% May 10% Jan Sep % May 4% Jan 5% 50 __ Aug Apr 6% July 6% July 11% July 114 14% Mar Feb 127/8 July 11% May 1% Jan 11% July 9% Feb 63 July 3% May 7 Feb 24% May 5% Sep 37 Feb 9 Jan 13% - ♦ 52% 1% preferred— For footnotes 30 see page 33. __ 40 Calamba 7% Feb Sugar Estate.^ California Electric Tungsten Camden Fire Canada pfd- 6% May 14% July Feb 5% Aug 26% 10% Jan Jan 22 Feb Jan ,*6 Feb 19% Sep #5 Jan 14% Aug Sep 13 -r" !21% Jan 20% Feb 2% 23 Sep 4% Feb July 27% Mar 1% May 15 % May 2% Mar 5% May Jun 23% July 9 Feb 47 Ji.a Feb 26% Feb 10% Jun 12% Feb 16% 16% 16% 1,000 15% May — 14% 10% May % Jun 1 % 3% 14% 100 % 18 6,100 3% 3% 1.200 __ . , V 3% Sep 12% May" 19% Mar 15 Sep 1% Mar -7, rPeb 13% Aug " Co 4% Apr 7% 400 7% 8 % 3,000 2% 2% 2%" 300 7% May 2% May 21% 3% Mar 8- 10 5% Mar Jan Feb Jun 23 % Mar * Jan 20 Jan 26 May 26 May * —>—T 20 ^20 Canada Gement Co Ltd common preference:— IV2 8 22 May 22 May Canadian Canners Ltd.— Convertible Canadian A Class B Canadian 7% preferred Industrial Alcohol— Class non-voting— Industries 1 Capital City Products— Carey Baxter & Kennedy & Co Carolina Co Amer 1 . 10 common & , —— Light $5 pfd Biscuit 1% 1,600 "7% "7% 400 48% 49 210 ~8% "9 3,400 Jun Jun 165 3 Jan 45 Mar 34% 6% Jan 10% 23 ~ July 32% Jan 43 % Jan 51 Aug Feb 115% Feb 119 July 7% Sep 20 Jan 1% July 1%' 2s 6d Jan 54 Sep Catalin 3 Apr 53% Sep 3.50% preferred— T Central Ohio Steel Products—.—— Power 9 1 : (A M) & Co Corp of America Maine "I * —1 Co common Casco Products common Castle Jan , dep rets B ord (J W) 1% * Co Ltd— 27 Carter 1% .-* lnc— common Power Carr-Consol Carreras Jan 15 1% May Apr 165 100 preferred—. Carman 15% Ltd— Canadian Marconi Carnation 9% May 9 % May —* * voting... Jan Jan 2% July 6% Jan * Ltd— Feb 42% 3% Jun 5 24% Sep 500 1 Corp.—.—: 31% 37% May 3% 1 Power—... Insurance—— Bread 6%% 3% £l —:—1 25 40 20 Jan Jun Feb 25 50c Products common dep rets 5% 300 200 4 Apr 17% Jan 22% Jan Wireless— American Feb 40 12% Aug Jan ( : 16 3,000 14% May 17% May :r 1,200 . . 5% May 53% i}, 37 11% ._i—_;_25c ( * Cable Electric Central 52 Baldwin Locomotive— 132 Jun 11% -- 12 %c 10% May 54 May H /a : rets..— 600 25% 116 2.50 — 1,000 25 % __ 15 55 * 14% 53 — 14% Jatf ; Apr May 32 —* 6V2 __ B Babcock & Wilcox Co... I Callite 4% May 3% May 9 1 May 7% Jan 110% __ 12% .3 % Corp Amer dep Cables & Jan 3% Jan^ Feb 9% 16% 9% ——5 ; Bunker Hill & Sullivan Burd Piston Ring Co.. Feb 5% Jan A Sep 8"% Buckeye Pipe Line < 7% Jan 3% 8% ... Jan Apr __ , , —* Bruce IE L) Co common....1Bruck Silk Mills Ltd.. Jan 5% 5% 1™. 1% 300 50 i .Atlas Corp warrants Atlas* Ply wood Corp Automatic 1 ... Co * ■ 6% . Jan 11% Feb 6%* -Feb • Sep __ • __ 23% l"l*c % . Jun 11% 33 :• — Brown Forman Distillers.—... —1 Brown Rubber Co common..—:—1 Burma 6% . r4 May 7% 600 8 % > ——10c J.— .— Burry Biscuit Corp Butler (P H) common 200 6 24% Mar 23 £1 British Columbia Power class A Feb 2,100 £1 America ) Automatic Products— 1; i of Assooiated Tel & Tel class A if Atlantic Coast Une • ; dep rets reg— Laundries 600 Sep Apr 42 May 4% Aug 1 1',300 *: .: Feb Celanese Ltd— Feb A i«i Assooiated Electric Industries— riLAssociated 3% '17 100 r Jan 21% rets ord bearer——.-£1" 43 7% & Light $7 pfd__. ti^ Aro (Equipment Corp.-; ^2.50 ? ?t.'Ashland Oil <k Refining Co—^ 1 * Jun 2% 23 37% May . * dep rets ord reg....—: 43% % ... : 10 1% 56% 24% July 48% Sep 29% May 16% May 7% . • preferred..—.— ( Arkansas Power May 600 "" £1 t,t: ', 56 ; common... Jan Jan 17% 1,200 4%::,*- 7.00, 37/3 I t V 5% 1 ■ 15 35 __ _ . 4i/s A rets ord reg Arkansas Natural Gas 35% 1 AngOstura-Wupperman l Uf^Aper-Elec Manufacturing Co__i—__Ll '^-Appalachian Elec Pwr 4%% pfd—^lOO ;Argus Inc_^.->-——U 1 i f 34% 17' " '600 32 23,% — 45C 56 2 \ "2% May 100 23 "I 5 Angerman Co lnc common.. Anglo-Iranian Oil Co Ltd— . ^ ' 5 Post Products— Rights w i— 3,300 II _* Anchor " 34% —2 rcommon 700 3 17% - Corp comi^._—10c American Writing Paper 15% 45 __ _• », 46:series preferred—_____— American Thread 5% preferred.—. , 2% 10 * ■ 15% 3 — Republics..,...--.... Seal-Kap commoni American { CI —__2 class A____* B_— American __ .1 Products Co Co.—. , 25 common.—' 35% 500 ... American Mfg Co Apr Sep 10 * ' Feb* 3 10 —* * 6 6 6% 1,200 Apr 11 Mar 6 May 9 Jan 30 10 1 1% "9% 10 3,500 May 9% May 43% Feb 17% Feb Co— 1 87 87% 40 18% 18% 600 15 V8 98% 98% 50 98% 97/a 10% 15,900 87 100 Central Power & Light 4% pfd .100 Central & South West Corp..——* f Jan % Sep 7% May 6% May 100 1 Co..^_—: 180 May 25 32% 11% 45 3% ——* American Tobacco^—t Amer dep Jan 400 19% British Feb 19% 18% 11% 45 -* BritishrAmerican Oil Jan 3% May 17% —1 — A..—J- 23 44% 44% Class 43% 2% May 42% Sep 43 200 3% * ... Aeronautical. V' 8% Mar 23 ' May 50 43 17% xl8% • & Power Feb 1 14,700 11 % * Bridgeport Gas Light Co Bridgeport Oil Co Brillo Mfg Co common .1% Jan Sep 111% 112% ; 2% 17% Co..——25 Corp common Brewster Feb 3% Mar % !?Jun 19 1% . 5 4% May 36% l36% Sep _* — Feb 31 1 1st preferred—-——100 Sep 2% May May Jan 7% 1% July 140, 1 common.... 32% 700 -:lff% 300 Feb 20% Jun 16 1,200 1 &.Co common Co Jan "1,700 19 7% (S) (H C) Borne, % ... Hard Rubber Co.———25 Blumenthal Feb 80 Ridge Corp common—— (Philip) & Co lnc Sep 5% __ American i- Aug Feb *,»« __ _i Laundry Mach__J:__: 20 American Light Sc Trac.common__.__25 6% preferred..—.. ; 25 5 22% 5 % 36% 18% 1% 2 136% 141% 6% 19% 16 1 — 105% '£• % 200 — *2 3 25 common Feb ( May 5 % May9% May Birdsboro Steel Fdry & Mach Co com.* Blauner's common 3 .'Apr 'r 5% ■" 111% — Jan 18 52% 16 * Jun Breeze 52% 50 17% 136% 1 Jan lnc 19 1,300 Apr Mar 100 2% 6,500 6% Feb 11 July 3% May * Bickford's Aug 102% & ISO — ' 13 6 18 1 100 5% : 6'/a 1 common Canada Hedges common Convertible preferred __1 Berkey & Gay Furniture . 52% _1 preferred.. $2.50 convertible preferred... Benson 2% July 70 Jan 10 American General Corp common Jan (A S) Shoe Corp— 22' 2% 100 preferred Jan of . 1. 1 Fork & Hoe commoiV——^ American Gas & Electric—— Aircraft Bell High 9% May 1 common— 172% ; 171 __ . 500 Bellanca. Ties 32% 22 32 __ Americah & Foreign Power warrants— American 103% 103% ... Beck Feb (L) 11% „vJanJil Jail 1(1 17 200 1 Feb 108 48% May 14,10o 5 common & Co common Bauman Beau-Brummel 6"% July "4 % 17 4% 1 Feb 92 ~4% Low 10% 8 1 ... lnc Feb Tel Range Since January 1 High 10% ^ Seelig Mfg— Refractories 9 6% Aug 13 57% & $1.20 convertible A 5% Jan Low 1 Corp.. 4% Sep May 3 100 ... ... ._*• — $2 1,600 , 100 B 4%% 6% 56% 57 • American Cities Power & Light— Class A__ American 4% 15 103% Barlow Feb 38 Jun 5 ' _♦ American Beverage common——. : 4% „ • American Book Co Class 4 67/a * ... V Car 500 - 103 4% 100 w_— common..: Bantam 6 300 1 common— f \ 5% * common...* preferred.!.; Aluminum Goods Mfg Aluminum Industries 4 . ..5 l—; America cumulative 2,400 Steel 12% July Sep 3% Sep Shares shares.. i~5 1% 81 1 Aluminum lYa 37/a J 1 Fisher common..— 3% for Week los Andes— de Barium 3% Aug Sep 3% May 1% __ 100 Allied Internat Investing Corp ; Allied Products (Mich) common Aug 10% May 7% Jun 50 Alles & \ 300 300 — „ Feb 2 ' ■ Aug 11% 31 3 Banco Basic 8% 1% 10 Alaska I j._ Feb American Sales Range of Prices Par Baldwin Rubber Co common 31 Week's Last Jan 2% 400 13% 8% Friday Sale Price Exchange 12% Jan 6% May 1,300 2% Curb High — 13 __ 50c Alabama Great Southern Power 4.20% 3 ' — __ 2 900... 10 ; ... 2% — 1 Convertible preferred— 23 York New 5% May 4% Aug 3,200 7% 2% __ 5 Aireon Mfg Corp common 60c convertible preferred— 6% . — —1 , Ainsworth Mfg common.. Air Associates lnc (N J) Air Investors common.-— Alabama L Low 4% - 26 STOCKS— „ Supply Mfg capital stock ■; .1 Surpass Shoe Stores.;—_—...* Air-Way: Electric 4% SEPTEMBER Range Since January 1 High 10 Agnew . Shares 3 T *_— common Hat Stores Low ENDING for Week - - Aeronautical Products Inc.. Aero of Prices WEEK Sales - Range Sale Price * , Co Week's Last Exchange FOR 18% 10 Sep May Sep 8% May 96% Feb 21 % July 102 11% Jan Feb ■ %«» a*.* 0 COMMERCIAL & FINANCIAL CHRONICLE THE (1278) RANGE Week's Friday Exchange; Curb Shares Conv Conv Co Aircraft Charts Corp Low 125 11% May 24% common 72 260 46 83 22% Jan May 12 Apr 12% May 3% 3 %- 3% 2% 1,200 18 May 5 70 4 18 17 % 1 225 77% Mar 14 400 1 May 300 93 May 36 35% 37 15,000 23% Jan .—5 12 11 %, 12 300 10 % May 8 % May —10 1 Development Colonial Airlines 7 7/ 300> 7% 1 6% X33y2 —1 7% 1,900 7% 2,500 4% 3,600 25%'Jan 5y8 1 8% 4Vs% 4% 8% 77/b 1,200 1,200 500 series Mining Royalty —1 Oil Consolidated Steel Corp common Car-Na-Var Cook & Varnish ll3/4 12%. x23/4 200 900 ♦ 34% Hi Ltd— 11% 13%. Petrol Crown CO Drug (Md) 1% % May 8 July 1 % 700 7% 2% .. 1,200 4 $5 CO 18% 18% 3,400 105% 105 105 19% 870 14%. — 37% 1 i 8% Derby Oil 8 Co epmmon, — Detroit Gasket & Manufacturing- Detroit Gray Detroit Steel Devoe & Diana Products' new Co 107 p 28 6% 32 200 — 17 • 150 9 V4 100 2 3/a 500 Dobeckraun Co 1 common Domestic Credit Corp class A 1 Dominion Bridge Co 3,300 Co Draper 25 1 Power 20 Sep 16 Durham Hosiery class B common. Duro Test Corp common 19 12% 300 117a Sep 3 V4 1,900 11% 763/4 70 72 40 40 ' *" ** aw 1 , me" 6% preferred— May 79 May Auk 77e Sep 12 5% 5% 100 14% 100 May 4% May 11% May Malleable Eastern 1,800 82- 837a 200 67* 69% "27a ~3 1,200 68 States, Corp Iron. 66 69 300 1 137a l35/a 14% —1 565/a 56% 57% 9% 1,600 6 % May 6972 800 35% preferred series B Eastern Jan 17* May 50 May preferred series A $6 37a ..25 ; $7 2% May 81 May 49 May 3% .100 ; Eastern 10 Jan Jan 67e Mar 22%, Feb 54% Aug 17% Jan Sep 29% Apr 18 Jan 25 Feb 2,200 16 Jun 19,74 July 143% Mar 127a 800 9% May 13% Sep 37a- 2.100 3% May 75- 59 400 34%. 30 100 ..74 61% 577a 597* 300 14% 15%- 1,000 8 — 8% 900 104 Va 102% 75- Jun I V* % May Jan 51%. Aug Apr 7% May 47% May 62% Jan 9% May 17% Feb t 1 5"^> 8% Jan 34% -Sep May July Jan , 55% Jan Jun 48 25 V* 100 5,300 100 17 44 5974 .• Jun 100 101 —10 *. Sep 4 52% May 14 stock 136. 100|iS;3.3ft : common..250^4* 15% Jan 9%. Feb Mar 8 Sep 95% May 30 45 107a 133% Jun 350 1377* 1Q 39% 14 Feb - 112 July 145 Apr 47 July Jan 1,100 — 15%. Jan 9% July - 109% Sep 114% Feb 11% 100 109% 110 —100$$*-J. & Alabastine . 43.7a 25;^i—. : 5,7*' 13 % - Paper Electric Light 1,000 14 ~~ — Bridge Co Ltd " Jun 15% Feb Jan 1474 Sep Corp-., , Dept Stores common Mining Co Rubinstein—— 130 571/2 3>/4 59 3Va 2% 7 7, 73/4 77a 13% 14 < Heyden Chemical common— Hoe fB) Co class A & 40 May 700 13 Aug 750 42% May 4Va, Feb 300 6 V* May 300 200 48 Feb Holly Stores Inc... 10% May 18% Feb 6% Feb Hormel* 15% Jan Horn 777*. July 74%. July Jan 13'/2 13% Aug 20 3/4 . 203/4 53% Jan Sep 16 .Jan 300 8% 55 14%Mar May 25 50 137* Feb 9 V* May 101V* May 400 100 107 Jan 85 Mar May Jan 157a, Feb 19% May Mar x35 V* Feb 8% 97a 93/4 1074 450 3,200 — 57 7% May Aug 107a. Feb 4% Apr #• 67* Feb 49 . — ' Horder's July 50% Aug 37a July 9 10 23% Horn & & Inc— 40% 37% (Geo A) & Co common Hardart Baking Co. :— , (Harvey) Inc —ife',35; 35 Co Hussman- Refrigerator Co $2.25 preferred i Jan 23 Aug Jan 41% Aug 70% 325.. 181 Jun 50 4,400. 43,, Feb 116.7* July 28 Apr 36V2. Aug 72% Aug 55% Apr common. warrants & — Huyler's common — 1st preferred— Hydro-Electric Securities Hygrade Food Products ~6 ' .—IP*: ... — 9% 1m'- 46% 12% 6; 500 25 12 Va aV^ Feb Sep 42 127a — Feb Mar 34% May 4%t Jun & Mfg, stock 35 67,% —— 27% 37 155 io°rII— preferred Common 3774 10 Jun 113 1 Hardart common 40 Va Jan 20 Holophane Co common 74 9 V*. July 17% Feb 10% May Apr Jan Apr May 7% 900 107s 10% 1033/4 104, Feb 9 13 225 %-454% ... 106 97% Sep 900 13 ' Feb 5 27a 9 8% — 7QV* Feb Apt 2% May, 300 81 Hollinger Consolidated G M 4% Jan 55% 800 27a 11 'C*-- ' 357* Aug May ;87a 7v preferred w w preferred w w 87a. Feb 5% May Ay' 10% 10 ^'8 —12% 4^'8% — — Jan , 9 28 —J' Henry Holt & Co common..—...— Feb 39 9mm*. 4% Feb 67 50 mmmm .100 200 "i% "i% ■ — common 5%% Jun 94 763/4 75 ' 177a 25% Sep 24% ^ 20 143/a __ 19'/a 537a 96 % 4% May 13% Jun ■ Stores Products Hurd Lock preferred 110 Va 300 33.% 25«%—"• 5% prior Jan 100 57a 100 Humble Oil & Refining % 115% Mar 58.% ^ 10 (7; Hubbell 4 % Apr 3% _* i&j— 1' 11 50 Heller Co common— 4% Jan Feb 33% Jan 107a May Jan' 1,200 ■' 3% 112% 12 — Feb 96 11% 763/4 - * • 98% Aug 21% ' 1.1_1 common Mar 13 % 19% Feb 2% May 33% • • East Gas & Fuel Assn May 27 % *%^34% Non-voting common 7%, 1st preferred— Helena Feb 20 V* 12% May ! Duval Texas Sulphur Jan 3 197b Rapids Varnish. Heam 7 7* Jan Feb 400 3 Va £1 Aug May 25% Feb 89 Feb —— ! Feb 31% 109- 13% Hartford Rayon common Feb 37a 47* Ay? » dep rets ord reg Ja4 93/i 30 18% Hazeltine 14 11% Sep Dunlop Rubber/Co Ltd— Amer J»b 9% Jan 24 xl03% July 18 % May 53.7a Hartford July 17% Aug 117a "Ho Co Co.. 14 937* ■ Feb 17 500 3 7* * Jan Apr 10% Aug 6 May 7% July 700 5% 1 3% Harvard Brewing Co 1 -l'V%. Hat Corp of America. B non-vot com—1 ^ '. -Hathaway Bakeries Inc. 1 J 73/4 500 147* — 32% 22 89 Hammermill Feb 1,100 1474 — — Jan 400 3% Great Northern Paper—. May 6% 177a * Corp Driver Harris Puke 12% 12% —- >__* '• Ltd 6% Feb 20% 18.7a prior preferred.. Hamilton 12% * Chem Dominion Textile Co Ltd Jan "3 7a 21% Hall Lamp Co 6% —■ Dominion Steel, & Conl B Dominion Tar & 20 .. 1 Gulf States Utilities $4.40 pfd 19 « Ltd 300 —... Gorham Inc class A—; 10%. Feb 23/a May ' 37a Feb 193/4 -■ Inc common Grocery 155 May, 9V4 tr 31 106 191/* Inc Jan 38 Aug 25/a — 100 2.5(1 («^21.% Distilleries class B: Jan 8 Apr 6%, May 9% May 600 11% — 117a 1 common. 300 ^ —% Feb 11% £1 8% 8 29% §x Goodman Mfg Co. Hecla rets ord reg 50 25, 377*. Jan May 27a 6 3% Sep May 3% May 700 lOo 18% Goldfield Consolidated; Mines Grand 8V4 43/4 8% 'vCf~ ^0 Coal, Mfg May 2 111% 113 Class B Gorham 104 Va 700 - Godchaux Sugars class A $4.50 11V4 193/4 Apr "3V2 — (Adolf) Apr 6% May 93 Co Glenmore Gobei 15 2 V* 8 preferred— Feb 147* 10% Apt 9% Sep » Feb 1 4. 25- ■iri9%' preferred- i. Globe-Union Jan 8 May 1074 May 16 % 50c " 2,900 4% /106 (A C) common Alden Glen Jan 17 Sep 7%, May 16% 19 —10 com common Feb 110% $6 Gladding McBean & Co Gleaner Harvester Corp Ltd Amer dep Corp Corp - Feb Great Atlantic & Pacific Tea— 105 300 7% 7 7 11" — 1 1 Foundry Raynolds class B Distillers Dlvco Iron Stores 7- 11 5 127a 29 16% May ~7.y* _8V* 1%:I|- Jan —— pm~ „50c 400 J/%*. —10i pfd; 26% 18% Sep 125 37% 774 —100 debenture Feb 26% H 37 •mmm 35 38 V2 200 common Gray Mfg Co.— • Dayton Rubber Co class A Dejay Stores common.. Dennison Mfg dass A common. 14V2. Feb Sep preferred Gypsum Lime ..2.50 Davidson Brothers Inc IOV4; Jan 31% Feb Jun Sept 67* May 1,100 D Davenport Hosiery Mills 7% 20 200 2% Feb 150* 14% Mar 29% , 16% fx |<J| 2^./.\^5 ^ # Feb Feb 5% 2.5o 5 Sep 3 Sep 8 3/a — 33 * 22 V* Aug 18 50 29%. 153/4 Power $6 preferred Gilchrist Feb 6% Apr Sep 83/4 «v;8 ^ common Preferred Feb 2% 67a 207* Feb Sep 7% 8% Graham-Paige Motors $5 conv pfd__25 Apr 16% 94 20 560 ^00 __ 29.7a, Shareholdings Corp- com Gilbert Feb 147a Feb. 600 >'15% Giant Yellowknife. Gold Mines—.—._ 67* Feb Feh May 1,700 7'/4 10 ley* May 3% May 1% Apr 1 3,500 25 7 Va reg— Public Service Georgia Jan 10% Sep ~9 Va 2274 Plywood Corp. 357* Aug Apr 7% 2,000 V* 125. i€:8% Ltd— General 46% July 25% Jan 213/4 21 "33% *37* io common. Co Fireproofing General 14% Aug, 47a July Jan ~4% ~4 7a "4% 125c (Ma)._. Co Jun 3 6% May Sugar.—————5 ——..100 Curtis Lighting Inc Electric General Jan 4s/a 36 8,800 15% 7 Va. "7% preferred...— Mfg 34% 1 Cuban Tobacco common* Curtis 11% 21 common General Outdoor Adv 6% Feb 15% Jun * common Corp General Jan 100 6,100 4% 46 33% 33% 1—5 . A preferred Atlantic 1% 2,200 14 447a « ^Crystal Oil Refining common Cuban 274 1 —... International Cork 800 1,000 ■ Feb 11 9 % May 1,600 3>/B 4y8 4% 1 — Crowley Milner & Co Crown Cent 1278 163/4 25,% preferred series A Sep 6 14 5 —„ Crosley Motors Inc...... Crown Iff 27b 2% 1,100 (ord reg), ..£1 —_I Co.—4 Brewing 9 16% Jan 64 47a Sep 77a General Finance Corp 33/4 Aug. Sep 87a July Va May 1,200 5Q ; - 33/4 Aug 197e Feb 417*. Feb May 3% 20% July- 5% Stores Amer dep rcta ord Feb 127a Jun Jan 47a fr preferred conv General • dep* receipts Petroleum 5% 1,900 -50 American 26 400 10 % 9 Hi Creole $6 3 s/8 9% I® Petroleum common Courtaulds 400 3% 9% lie A— 35 3% convertible* preferred Croft 34% 7% 16 47s ~8% General Builders Supply Corp 5% conv. preferred July 347a 10% May 3,500 43%. Jan 1.25 preferred i Gellman Mfg Co common General Alloys Co, Feb 3 % 2% Sep 13 % Jan „ 5% Jan 85% 21% Apr 2,000 13% 12 class 27 x23/4 *, Reynolds preferred 5%, 26 V* 11% * $1 Cosden 63% May 2% May 200 40 Gatineau Power Co common 9% Jan *7;% May 675 13 y2 common 8c 2,300 25/8 Brewing Co $6, convertible III com Co Cornucopia Gold Mines— Range Corroon 26 y4 8% 70 x2% Co Cooper Brewing Co class A Inc 8% 2% ...1 Fdy & Machine Co. Core 1107a 69 100 (Geo A) Co 118% Jan 108 ...1 Corp Continental Paint 1157a Mar 10 -10c Consolidated* Textile Co Continental Copper 40 109 8% 41% t Jan 116 1% 41% 14 1 Feb 83%, Mar 23/* Jan 1% (Peter) Brewing— Garrett Jan 2 109 6c Smelt Ltd: Consolidated 43 68% May 800 1% May £lix, voting. Fuller Jan Apt % May 34% Jun 116 5 —10 * Consolidated* Gas- Utilities— Consolidated 71 600 Feb 10% 7 2% dep rets hearer 472%; 347* Jan 2 % Jan 7a Apr 210 2% Franklin Simon & Co Inc Ps Jan 30% Jun B Franklin 57* Aug 350 4,600 463/* , July 7 2,400 117a 46 a* i|/J^,, non-voting Fox 36% July A Aug tt 71 100 100 preferred C series B preferred 71 8 A Fort Pitt 137* Feb 47a. Feb 117* Feb 3% May n 2—• Bait common Aug 4% May —• preferred. $3 7 16% 11 «'• ::iocf?s% dep rets ord reg Amer Sep 61,100 31 Conn Gas 6s Coke Secur common..—* Consol G E L F May 157a & #5% in — Glass Jan 11,400 32 % % 3, Aug 223/* Jan Ford Motor of France— 3 X Iff 30% -1 1966... 35 5% .25 Community Water Service Compo Shoe Machinery— 4%, X33 V2 iV Southern warrants- . 37s May 400 6% 4% 600 30 Va Apr 12% May 11 Sep 45 Aug —— (M H) eo— Class 10% Aug 9% May 25 Community, Public Service.— 37a 33/4; Feb May Ford Motor of Canada— Jan 129 674 Aug 3 y8) Amer 157* Feb* Jan Jan 21 28 — Corp. (Phila) to $1 Stores.; 5c 2 1,000 27 Ford Motor Co Ltd— Jan Feb 37a 1% May 3 warrants Commodore Hotel Inc. 11% 19 Sep 66% 170 • Colt's Manufacturing Co to 5,800 Fishman Jan 397* July 15 Feb 13% May 97a 7 Colonial Sand & Stone Co., ext 2% ,1 Colorado Fuel & Iron 550 129 125 ordinary, Colon 17 2y8 128 — Cockshutt Plow Co common & 15 y2 4 .100 Club Alum Products Co Vtc y8 1% 1 ,— Clayton. & Lambert Mfg... Clinchfield Coal Corp Commonwealth 16 1 Clairostat Mfg: CoClaude Neon Inc common Jul* l3/4 Mar 148 — First York Corp common $2 div cum preferred Jan 18 May iy4 128 y2 125 Fire; Association 700 6,900 Feb, 9% 7% May 8% 3% 1' *>-C;16% 4;. 721% Fedders-Quigan 14 25% Aug Cities Service common.J,r.-,-l--. ...10 CitX Auto Stamping City & Suburban Homes Clark Controller Co Feb Jan 25 70 50 18 i Vo - 127 .100 71 y2 Falstaff Brewing.. Fansteel Metallurgical 19% May ..10 High Low 3 3/a 8 _„1! Fairchild Engine & Airplane—— Feb 4% July 12 1 Fairchild Camera & Inst Co, 23%. Feb Jim 5 .-10 Cherry-Burrell common— Chesebrough Mfg common.. Chicago Rivet & Mach Chief Consolidated Mining SChilds Co preferred- Range Since January 1 High, Jun — common Low Sales for Week Shares Jun .100 1 Range of Prices Ss$e Price Exchange Curb Par 66 66 York High 18% .100 Co/ of. America Chamberlin High 17. .100 preferred pfd, opt div- ser_— pfd; opt div ser 1929-. Cessna Low New Range Since January 1 Week's |f, 'Last STOCKS— for Week preferred. .100 SCentral States Elec 6% 7 yo $• fTriday Range Of Prices Par $%:■ I,-#- 26 SEPTEMBER ENDING Sales Last Sale Price STOCKS— New York WEEK FOR EXCHANGE CURB YORK NEW Monday, September 29, 1947 14. Aug 5% Jun 83/4 9% 4.000 47% 275 July 47,%. Feb 15 'Feb : 10 y* 7% May 56% , 37% May, . 2% Sep Feb 51.% Feb 37a, Feb 49%. J,an 21 May 25 May jiy* July May 64 ; — Sugar-Associates— Com. shares of beneficial int ... $5 pfd shares of beneficial int.. Easy Washing Machine B 97a 9 14% Sep 59 Sep 10% Aug feV'1 5% Electric Bond & Share common- 5 Electric Power & Light 2d pfd A Option warrants—. Electrographic Corp.. 1 . Electromaster Inc 12% 150 117a 150 56/e 21% 11% 21,300 155 280 6 87s May 1,800 21% 115 May 27a May 100 17 Jan 177a 155 7% Jan Illinois Zinc Sep Feb Imperial Chemical Industries— 1 Amer dep rets registered 21%. Sep 1 274 2% 27/a 200 274 Aug 474 Feb Elliott Co common.—. „10 215/8 215/8 22% 1,100 157* May 24% Sep 5 % preferred Empire District Electric 5% pfd. Rmsco Derrick & Equipmentequity Corp common $3 convertible preierred—: Esquire Inc Eureka Corp Ltd —50 443/a 45 —1 3% 33/a 37* 41,500 Eureka -1Q 28% 28% 29% 400 _ . Pipe Line common— For footnotes see page 33. I .. 50 437* Aug -100 101 5 87a 1% -10c —.1 45 i 45 X9 % J.f 17a 45 9% 3,800 100 „ - 500 Jun Jan 1% Aug 43% Jun .. 50 Mar 111 Jan 12% July 27* Jan May 1 If May 28. OS#;;- Co common Registered 58' 900 55 13 % 700 12% 113/a 12' 3,800 10% —5 V jV'.— . — International Cigar Machine—— —* E. Hydro-Electric— | 30 a/4 International Metal Industries A 14, Feb Sep 147s Feb Sep Sep 111 100 % Mar. 50 * Apr 85% 88 800 85% Sep 15 Va 600 15 Aug — 9 nnn 2,000 % May 70 683/4 70 45 Sep 25 Apt 29 Jan — „o3/ \,697a ■ 213/* Jan 1474 87 Va International Preferred $3.50 series 14% Feb 12% ' Britain 8c Ireland Indianapolis Pwr & Light 4% pfd. .100^ ..10 £ Insurance Co of North America 6% Apr Apr 10% May, ' ..£1 Imperial Tobacco of Great Feb Jan 21V4 Mar 104% — Imperial Tobacco, of Canada Sepr 12 Va 11% Jan Apr 2,100. 297a 57 3/a 6 — Imperial Oil (Canada) coupon 12 Feb 37* Sep 53% - 6, „5 convertible preferred 28% 123/4 —<^,28% Illinois Power Co common "*■*— . 21 21 Jan Number 4633 Volume 166 THE COMMERCIAL NEW YORK RANGE Friday York Exchange Curb Week's „ Range ; Low 10% shares-j. -* International Products 10 International Safety Razor, B—,——* Registered International Utilities ppmmonT >. —5 Interstate Power $7 preferred * Investors'Royalty -—:—1 Iron Fireman Mfg voting trust .ctfs—♦ Irving Air Chute —-T-. 1 Italian Superpower A, 14%. 2 . . Sep 15% Feb Mountain States Apr 16% Sep Murray May 8% Feb Muskegon Piston Ring common Muskogee Co common. 0 % May 12% Jan 9% Sep 30 1 Sep 1,000 18y» 325 4% 4% 600 % 7/a 100 — * States Power common 2 2,900 1% 18'% , Mountain 11 '>'—>1300 1%. 18 % . 200 15% Feb 14 9% — — Range Sales for Week of Prices Shares Per High Sep ii% l.ioo 2'/a 11 11% . 15% . . % Tel Ohio Mfg Tel & Co_, Low • 109% 24 2.50 10 Jan • Corp— Inc - Jim Brown Stores 1 .l common 1 10 Class A preferred—. 700 Hess l7/8 2% 8,000 1% 8% | 8% 3,100 5% -7% Jan Sep 6% Sep ♦ r 22% Feb . 24% 6% Feb Jan 18 Jan - preferred 25 30 Jun National Mfg & K Kawneer Co I Kidde 17 300 15% Aug 15 May 6 16% 8 . 5 10% 8% 150 200 ' preferred —100 110% 110% 100 King Seeley Corp Kingston Products 56% 48% 10 14 14 14% 1,200 1 — common— Kobacker Stores 1% 1 , 26 1 : 1% 26 7% Feb Ltd Nelson (Herman) New England Tel & Tel New Haven Feb New Process Co 1 Mining Co 1 common Mines -5 Langerdorf United N Y Auction Co common „ Feb N Y Merchandise N Y class Line CorpLipton (Thos J) Lit Class Locke ! 5 ; 100 9% 3,800 Steel Chain— 16 ; 16 Va . 1,300 18%' 18% 18% 21% 21% 200 10 200 % Long Island Lighting. Co— 7 Jan May Jan 44% Jan Sep Sep 2 Mar 13 11% 19% 19 -1 11% 5,800 8% Jan 19% Sep 36% Feb 32% Jan May 25% July 23% Sep 12.900 %.*;i9% Jan 29 13% May 19% Apr x2i 11% .10 ' 11% A31 29 Jun 400 11,300 69 % Sep Founders shares 55 2 1. 14% , 14% Jan 11% Jan 1% Jan 69 Aug. 1,650 15% 55 Sep 82% Jan Jan lb% July 6,600 16%'16% 11% Jan 90 109% May 15% Jan 200 Jan 9% 9% 100 9 16% 300 13 Feb 5% 5% 200 91 92 210 90 58 % 58 'A 60 5 1,000 1% 134 Apr 3% May 500 Co Maine Co__ Public Service 9 100 113 Jan 20 20%.«20% warrants—U. Manati Sugar Co Mangel Stores (The B) Manischewitz : ; Massey Harris McAleer £1 Merritt Mfg ! _1 33% 300 47% Jan 14% 14% 350 13 May 21% Jan 14% 14% 15% 1,200 10 Jun 15% Sep 8% 9% 23,600 10% 109% 111 120 121% 375 108 Va Sep 124 Jan Jan 220 110 Apr 122% July 100 optional warrants 5 11 10% __ 5 _1 1% North American Rayon 1,600 1,300 11% 8% May 9% May 10% Jan 1A Aug __ 1% North American Utility Securities Northern Central Northeast RR 41 % 5 1" i Co 50 ; Northern Indiana Pub Serv 5% pfd_100 States class A 25 Northrop Power May 6% May 20% 11% Feb 185 % 450 155 Va May 185% Sep 41 % 100 185 ' 11 — — 32 Apr 43 Jan 12% 12% 4% 10 100 3% — — 1,600 50 108% 108% — 36% — 5% 23% 23% 37% 5% Aug 21 400 Apr . Metal ■ Textile 25c Participating preferred Co -class Ohio Brass Ohio Power 4%% B * common preferred —100 United Filters 1% 150 20 113% 30 6 Jan Overseas Securities — Class vtc—£ B Ex-distribution„ non-cum Midvale Co - „ • pfd 37% Jan 8% Feb Jun 14 Oil Midwest 500 1% Miller > Wohl Co Minnesota Missouri P & L 5% Public Service Molybdenum Corp Monogram Pictures Monroe pfd Dakota Investors jpartic pfd_ Morris Plan Corp of America Mountain City Copper common Moody Mountain 25% — Producers For footnotes see page ; 33. 6% Jan 50 %-:;A 2% to 5% May 7% Sep 800 2,800 % 400 * 4 Va i5%.;^a6%. 25 200 . l,ff00 9 r 3% Aug May Jun 13% Mar 11 100 9% Jun 12% Feb 200 9% Sep 16 Feb 7% Jun 9% 14% Feb 16 Feb 20 % 3% Apr 57,000 ,10% 50 2% 7% ;•••'25 % 825 24 33 15 2% • 100 14 ? 50 2% 8% 38% 40 900 • 103% 103% 50 35% 400 X103 X103 38% May 1,300 36% 104% 36% Motors Mar < Apr 27% Mar Jun 24% Jun 3% Jan % Aug 18,600 9% 9 9 tfr 8,700 8% Apr 11 29 29 150 Jan 29 1 1 * 16 26% 5 Farkersburg Rig & Reel Jan Aug Feb 24% % % Corp__ 38% Mar 105 12 1 Co 12% Feb 41% Mar 105 103 Va * * Pen Jan 102% Apr Sep 120 —* 1st preferred Patchogue Plymouth Mills— May 12% Jan 15% Feb 52% Feb 16% 17 800 13% May 19% July 78 78 20 59% Jan 90 45 45 50 40% Jun 51% Jan 28% Jan ~6 7,500 25% 5% Apr ~6 17 1,100 . 7%> 7% 700 33% 6% 7 100 3,500 Aug Apr 12% Jan 13 % May 15% Jun 17% Jan 1% May 3% Feb 6% May 31%-May 6% May 102% 7%;? 8 3% 3%/:' 3% 28 V 28 2% 184 184 * 40 40 !10c 4 4 1,000 2,800 11% 187% A 40 - 100 190 75 9 A 4% 900 V4 % 9% 50 900 3 11% * - A 7,600 9% 900 * .-25 Peninsular Telephone common $1 cumulative preferred—. Pennroad Corp common Penn-Dixie Cement warrants 1 Jan 7% 6 % A common * 4%% pfd--—100 2.50 Penn Water & Power Co—.— * Pep Boys (The) -1 Pepperell Mfg Co.— 20 Perfect Circle Corp -2-50 Pharis Tire & Rubber common——50c Philadelphia Co common * Phillips Packing Co * Traffic Co 160 2% 200 111 Penn Power & Light Penn 6% 2% — Penn Gas & Elec class 111 50 5% , 5% 57% 6 May 2% May 110% May 400 56% 5% 300 4% Apr 53% May 5% Aug 53% 55 40 Mar 6 300 Apr 11 53% ~6% July Aug 4% Feb 114% AUg 5% 69 Jan jan 9% Jan 56 Aug 14 Apr 12% Mar Feb 6% 6% 700 11% 11% 800 0% May 13 . Feb 11% Feb 13 200 12% Jun 21% 25 11% Feb 4% Jun Pierce Governor common— 25 100 14% 27 , • Mining Co & Alexander Powdrell Power Corp of Canada 9% Feb 38, Feb Jan Inc Sep 106 Mar Pressed iMetals 30 Mar 3 May 2% July 11% 184 Apr Sep 31% May 3% Apr % Sep 8% Aug 700 437/a 43 Va 55% 55% 57 9V0 100 * 9% 9 2% 10 50 437/s 310 49 Va 8 550 13 % Feb 4 Va 12% of America 1 1 5% Feb Providence 3% Jan Public Service 15% Jan 11 194 July 41% Sep 5% Jan 2% Jan 10% July 4% % Gas 46% May 61 Feb 11% Feb 7% Jan 17 Feb 3% May 6% 10 Va May 19% Feb 13% Feb 94% Sep 10 V8 94% 10 40 40% 200 10% 100 8% May 50 94% 94 Va Sep Jan 35 May 48. Feb 80 Apr 85 Mar 9% May 12% Jun 1% 1 VB 1% 4,000 1 Va May 2% Feb 12% 12% 12% 100 11% Sep 17% Jan 8% Apr 10 Sep of Colorado— 100 cumulative preferred-, Puget Sound Power & Light— $5 prior preferred—_— Puget Sound Pulp & TimberPyle-National Co common Pyrene * — Sep Apr May 700 * Feb Corp of Nevada Prosperity Co class B Jan Feb 300 10% — 6% 14% 13 _* common Feb Sep "4% 10 Va — "4 July May 4% May 14% May — * common Producers 6% May 800 3 Vs • . May 24 2% 11% 2% May 2,300 2% 11% 3 Va 25c Pratt & Lambert Co Prentice-Hall 3% 2% 11% 2.50 common 1st preferred 10 - 1 Pioneer Gold Mines Ltd Polaris Jan Johnson Ltd Amer shares—. Pinchin Piper Aircraft Corp common 1 Pitney-Bowes Inc 2 Pittsburgh Bess & Lake Erie RR—50 Pittsburgh & Lake Erie50 Pittsburgh Metallurgical common 5 Pleasant Valley Wine .Co 1 Pneumatic Scale cqmmon— 10 6% 8 . July 30% Aug 28 lo 12 25% Jun — .5c Jan Sep 100 33 3 16% *30 15 6% 12% May 7 Va Aug 6% Apr ' • 14 1 PuMic Service $1.30 Page-Hersey Tubes common—. Pan American Airways warrants Parker 38% 12% Feb 8% May 3% 15 * Jan 7% July 10% Feb 1% May 300 8%'-»9 19 .yS.' 19% ' 5 ^ 200 7% Y8%. 30 ___1 A 8% July 111% May 6% Jan May Sep 44 1 common 21% July Apr Sep 3% May 3 1 Utilities-, Montgomery Ward 2,300 * , 4% 108% . 10'A „ .—100 Loan Society A Montana 16 % * common Jan 25 5 4%: 50 » Feb 3% Apr 15% May 200 v A 6% y;<6 % _i 50c common 4 % r/o convertible-preferred Mining Corp of Canada 7 1 200 4% 2 19 May 5y4 May 1,300 18 % 10-rk '' 10 — -1% 7«' 2 50c Co_— V1<3% —At 10 . —♦ Midwest Piping & Supply common Mid-West Refineries Feb 6 % fA! (6 % 8% * Sep 12% Feb -* common 21% ■ dividend shares Mid-West Abrasive 7% Aug 13% Jan —1 v Pacific 1st pfd 1st preferred Pantepec Oil of Venezuela Amer shrs— July „ 5 ,t Midland Oil: Corp $1 conv Midland Steel Products— $2 !_1 — ; Mar Sep 200 8 5 25 —25 Pacific Lighting $5 preferred— * Pacific Power & Light 5% pfd_——100 5%% Paramount 45 l Middle States Petroleum class A v t c__1 Middle West Corp— Pacific Gas &'Elec 6% Feb 33% Jan - , Jan 14 9% 1 Fe b 6% Aug 8% Aug 15 ' 1 2% 87% Mar 118 11 10% 250 109% 109% * Jan Feb 9% Mar 31% Feb 46% 13% O'okiep Copper Co Ltd Amer shares 20% Mar 38% May 8% May 4% 10 ' 12 Va -1 — May 5 5,300 25 Jan 4% May 29% 100 6 Jan 112 600 30% „ 31 * B—— Omar Inc 1 Va May 2,000 35% 112 112 1 Old Poindexter Distillery Oliver 1% 35 Va 35% 15 Natural Gas Sep 24 , 18% ______2.50 —- Jun Jan 800 . Preferred 25% 65 1% *• —1 Micronfatic Hone Qorp Jun 600 —15 Michigan Bumper Corp Michigan Steel Tube— Michigan Sugar Cp__ *b% Jan 6% 1 Corp Apr 25% t_100 ; < ;^i - 13 - preferred. A 8 -• 7% O 50c Ogden Corp common t 200 13% July 110 Xl06% Mar 30% May Jan 101% Jun Feb 1,500 24% - Mar 2,200 6 Sep 5% 3% May 97% — — Jan Sep 44 30% — Apr 3 Va 41 Va 5% 11% May 6% Aug 600 . Jan 2 600 9,000 * Novadel-Agene Corp Feb Feb 14% Aug 8 1 Aircraft Inc 15% 16 * Texas Oil Airlines North Penn 10% 7*% 185% • common 1% 7%' * class A - 1% Jan % May 15% __ * preferred 400 }j| 9 — North Amer Light & Power common—l B 9 — 7% May 300 % ♦ Noma Electric Class — 1 Mines Nipissing 8% 111 — 3 500 , 12% •25% * Messabi Iron Co— 100 *6 41 ; __ 25% 5 common 9 ;, 8 1 Co Warrants 300 19%;;21% * - 1_; Co Chapman & Scott 6% % 21 * Dredging Memphis Natural Gas Menasco 8 * preferred Johnson & 8% 6 10 — $2.50 Mead 13 6,900 3 ,v 12% — 1 preferred.—^ Corp common McWilliams 8% * — common convertible McCord A Aug 21% Aug 4% Jan 38% July 3 10 common—, Mfg Co % 14 • Ltd Power Shovel Marion 5'/e Co iV 13% , * Mapes Consolidated Mfg Co Marconi International Marine Communication A ' _1 Co 6% July Jun 23% 1 jL common.. Sep 20% 100 ' Feb July 5% 10 Jan 10 % 32% 1 Hundred Corp B Nineteen $6 9 14% 100 Pacific Can Co common —5 i —- Jan 82 Aug M Mackintosh-Hemphill 2% 1% May 70 — Jan 8% Jan 15% Jan 67% Jan 0% Feb 68 Vb May 400 4% 1% 120% Sep May 10 —— — 18% July 10% Jan 4% Jun 4 — Feb 13 May 16% — __ Feb Sep 600 62% 5% 1 — preferred 2d Oklahoma * Lynch Corp 69 58 of dep preferred B ctfs of dep— Louisiana Land & Exploration ; Louisiana Power & Light $6 pfd_, i 6& May 1 19% 7% May % 72'A % Feb 2 900 Jan ' % 2% Shipbuilding Corp— , , Common ctfs of dep 7% preferred A ctfs t. Sep 2Va Jan HYb Jan 8% Feb 5 Sep Jun Feb 38 5% May 16% 24 Sep 4 19% July Jun 26% Aug 9 14% July 20 - 1,600 7% May 31 May Northern 100 21% __1 - Jan 16 - —5 Logansport Distilling Co Star Gas Corp common Lpngines-Wittnauer Watch Co— 30 Sep 1 * Lone Jan 20% 7 —* B 34 5% 100 -1 % Jan Apr 21% May 12% Apr 600 5% "l _* : Jun 15% preferred—25 class A Feb 44 ' 16% 10 Groceterias 19 Va 9% — ~1 -1 ,, Inc 6% Brothers common Loblaw 19 5% "25 - * Material Co Lionel 19 6 0% 30% ; - Ino 3,300 • —- - ^ ._i Development(R G) 20% — 5 Realty common— Prior preferred Le Toyrneau 19% 1,400 2% lo Niagara Hudson Power common 5% 1st preferred Jan Jan 17% July 1B% Feb 6% May "5 Monotype Machine— La Salle Ext University OH 800 300 % 1 Lefcourt Leonard 7 7% A. Class B Lanston 6% 7 '/a 2% Mar 10 10% 18 Y & Honduras Rosario N Niles-Bement-Pond 7'/a 14 Sep 10% May 700 4% 89% Jan Va * Aug 26% Sep 12 6% - Bakeries 100 20 Va - Lamson Corp of Delaware^ Lane Weils Co common .,^16 %.v127/a ._1 12% 13% __ 4% Jan 21% May Feb 20 May 11% May 5% Apr _1 . Lakey Foundry & Machine 16 12 _ —5 Ltd— 12% * Niagara Share Corp class B com Shore 12% — May Jan July 15 x9% __ * 25 Park Class B Lake „ 20 New Jersey Zinc 5% Laclede-Chrlsty Clay Products 3,200 100 Clock & Watch Co convertible preferred New 6 7% May 13% May — 36% __ 4,800 1 New Mexico & Arizona Land 25% 1,100 34% 30c Feb Sep 7% 34% * 17% 15% May 10% Apr 100 18 1 new common Jan Jan ~ 13 _« Machinery^—... Car 87% iy* 17 200 National 69 13% July 111 July 1 - 111% Jan 1,400 16% * 7% 1% 16% 5 2,900 , 16% 5 Sep. — — Jun 12 May 10% Apr 15% 300 Corp 4 13 Jun Jan 14% Neptune Meter common 10% July 14% Feb Jun 48 __ Aug 4% Feb 13 Nestle Le Mur Co class A Jan 1,300 * - — 4% 11% — 10 'NJKnott Corp 4'A 13 1 (IB) Rubber Co Krueger Brewing Co 4'A . - — 8 14% 26% Mar 46% Jun 12% May ;59 * — 50 12% -4 Rubber ■ 37 • 14% National Radiator Co_ Steel 37 800 xl2% 26 July 20 48% 1 - 108 57 48% 1 Petroleum Kirkland Lake G M Co Ltd Klein (D Emil) Co, common— 10 57 —100 43 3,900 Feb 125% Feb 8% May 45 300 3% 2 National Pressure Cooker common 4%% preferred D Kirby •% 6% May 10% 10% ' Rings County Lighting 7% pfd B. Kleiner t 50 May 122% July 46,800 * * (Walter) & Co_ 51o 9 123 5 - Kimberly-Clark Corp— 4 Va % 8 123 __ 15% Feb 5% Apr 2% May 36% Sep 6%. 3% 1 National Tunnel & Mines common 8% 100 ! Kennedy's Inc.; Key Co common - pfd— 11% May 13% 6% Mar • National Union Radio 1 j. 7% 14% July 12% July 400 300 87 —1 Stores common National Transit Kansas Gas & Electric 12% July 10 y8 May 14 3% — National Malllnson Fabrics—: National Kalser-Frazer Corp 24% Feb 12 • — 1 common Rational Fuel Gas 9% Aug' 8% Jun .* ' 2% ___♦ Julian & Kokenge Co 10 : 1 common 9% - 18% May 13% 137/e , 1 common Bellas National ■ v. Co 138% Feb N Nachman National Breweries common— Glass Sep 11% Feb 1% f Jefferson-Lake Sulphur Co Jan 98 100 24 30 90 Jan 7% Namm's Jeannette - High 300 13% 11% 22% Feb Jun Low 33 100% 109% * — Range Since January 1 High 32% 100 . Jan 1% 18% May/ 4% Sep Week's East Sale Prloe Exohanga 10% ; . Low York Curb New 10 % ; 15% 2t - 26 STOCKS— 7,700 31, EXCHANGE SEPTEMBER Range Since January 1 High 1014- 10% ■ -> (1279) Friday Shares shs__» coupon ENDING for Week of Prices Par International Petroleum CURB WEEK FOR CHRONICLE Sales East Sale Price STOCKS— New • & FINANCIAL Manufacturing 101% 100% 101% 400 100 % Sep 103% Sep 102 Va 102 Va 102% 75 100 Va Sep 110 Va Jan 35% 400 25% . * * 5 —10 35% 11% 35 11% — 11% —1 475 — 9% 8 Jan 38% Aug Apr 14% Feb May 11% Feb irtKMrXifc*1*!!'1 'v THE (1280) COMMERCIAL YORK NEW RANGE Week's Friday Exchange Curb York FOR ENDING Monday, September 29, 1947 EXCHANGE CURB WEEK CHRONICLE FINANCIAL 26 SEPTEMBER Range STOCKS— for Week of Prices Week's Friday Sales Last Sale Price Shares STOCKS— New & Curb Exchange New York r Range Since January l Last / 1 . Sales Range for Week otPrioes Sale Price v ?' Shares Range Since January 1 * Par Low High Low Par High Tilo 88 3/4 100 155 % 87 88 3/4 470 270 155 % 158 85 155 May May 15 - May ——* 96 Jan 170 Feb 18% Feb R Radio-Keith-Orpheum option warrantsRailway & Light Securities— .Voting common: ;• Railway & Utility Investment A Rath Packing Co common * 10 Reed Roller Regal Bit Shoe Reliance 15% 50 35% 500 7(4 333% 6,200 7 19% 18 21% * Richmond Radiator 1 Tung-Sol Jan 55% 100 '474 Rolls l3/4. 100 1474 May 203/4 Feb Ulen V? 24% 100 22 May 32% Jan Unexcelled 474 2,800 374 May 6% Feb Union 5% 100 2% 25 Feb 107% Mar Sep Mar * 32 Aug Royce Ltd— Ronson Metal Art Roosevelt Field Root : 5 6 ! 1 13 1 Co Electric Steel Co Russeks Fifth Ave ; 12 Aug 143/4 July 700 14 Jan 20% 53/4 6 1,000 3% 6 Va Ryan Aeronautical Co Jan 18 % 18% 700 15% Apr 15 Apr 11 11 100 10 % July Ryan Consolidated Petroleum 4 3/4 6 3/4 _♦ 200 674 3,600 53/4 _i common- 43/4 6(4 1 . July 6 3/8 Sep 133/a Sep Apr 7,300 13% ■ * 1.25 common— Ryerson & Haynes 200 19 3/8 12 10 Royalite Oil Co Ltd 12 V4 19 19 >/4 6 24% of Oil Union Corp Ltd • Class A $2 conv pref Salt Dome Oil Co 50 Samson United Corp 1 , 5 Stock 3% Feb 11 5% Apr 15% 13,300 7% May 41 393/4 41% 4,400 27 % May 87/'e Savoy Oil Co ; 5 Sayre & Fisher Brick Co * Schulte common— (D A) Inc common Steel Co 4% Feb Mar 1 prior 3314 1,600 100 Allotment certificates— (R B) Inc— Semler Sentinel Radio Sentry Serrick Corp Seton class Leather 8,800 334 293/4 2 % 100 Jan Apr 37% Jan May 13% Feb Aug 4V4 Jan May 2 34 3,300 2 Apr 3% 17% 750 13 May 213/b 250 78 May 90% July "6% jun 92 July 3 300 2ya May 4%. Feb 1% 500 1 Apr 2 83/4 Jan 200 .. 2% 2% 2% 2,100 17% 173/4 18% 300 i 12% 12 12% 1,000 69% 800 . 683/4 13% Jun 11% Simmons-Boa rdman $3 convertible Jan Feb 4% — 11% Smith preferred- 7% 269 Paper Mills Soss Corp Coast Corp South Penn Oil 4.32% cum 98 120 Sep Apr x255 100 98 11 4% warrants Milk Products May United NJ RR 33/8 10% S Graphite S and — U S Rubber Feb 12 4 3% 4 7% 7% Venezuelan Venezuela Vogt 41/4 4V'4 31 ,* ■. Apr 293% Feb 3 Va 133/4 Mar 60 2,800 Jan Sep 71 Va Apr Sep 49 % July Feb 45 Va 80 100 14% 874 May May 23% Jan 15 May 20 % Aug 2 May 3 3/a Feb Apr Feb 1,100 11 200 200 650 82 Jan 89% 600 10 % May 183/4 300 3Vb 3 3% Aug Aug 500 2 Vb 500 2% 39 26 Va 3% Jun J 800 100 - 32% Mar 150 23 May 3% 22 % 2,600 3 May 900 21 May 223/4 Mar 8% 400 8 20 94 May May 126% Mar Jan 7% May 8% 5%' 1 98 57/a 43/4 6 5% 2914 130 7% preferred— ' 2,200 33.4 800 2% Feb 4 July 100 11V« Sep 14 Feb Waitt $2 Bond & Inc.. Watch 274- * ——30 Co—„ Virginia Coal & 1 - Jun $6 — ~6V. 12 Va Feb 1,250 374 May 8% Feb 374' 4 2'/a 2 V. 500 8 8% 300 ....a. 15% , 25 Apr Westmoreland 15% Jan Weyenberg Shoe Mfg———:—.—L 8% Feb Whitmafi 4 Sep Wichita 9 Feb Williams i 874 20 - 105 136 May Jun 325 Sep May 27 Jun 7 333/4 35% 39 41 80 3Q% 30% 20' 41 29% 1,500 Jan Jun 100 474 May IV2 Apr preferred 10 common——1 preferred ' imm• —— Forgings Corp (Ky)__- Power & Light 16(4 1774 28 28% 374 Products Inc* w Feb 9 25% Aug 36 3 May . 1374 100 9% Sep '2,200 2774 Jan 2 Va 2% 2% 3,900 1% May 4 2 274 600 174 May 374 Feb — — 113 124 874 8(4 5 474 100 180 400 8% 8% 3 A - 5(4 1,000 4 Va * 63 19 8% 2% 1934 19 8% 400 8% 100 2% 2% x8% x8% 14 225 _ 1,400 Feb 474 Feb 9% Feb Feb 27% Feb 7 Jan, Sep 293/a Corp 7l/s 2a . Sep 53/8 Feb May 13% 6c/o pfd 71/8 2% 18 Sep 20 May 32 Feb 26 May 153/4 16% 500 3V4 3»/4 1,100 Jun 12 % May 10 20% Jan 3% Jun 4% Jan Apr 14% York Writing Paper Elec Power Associated *1 Light 7% 10 • 33 32 33 121/4 12 I'd 12% z* pfd Texon Oil & Land' Co.. 100 9% 10 500 „ Tel Assoc 110% 119% 1,300 ■- 10% May 20 117 22. . T-»c_ For lootnotes 50c see page 33.- 11 % % 1% 12 -12,300 Jan 29% May Jan 50 16% Sep 213/4 Feb 1174 May 15% Feb Jan 108% Feb 16% Feb 12% July 17 Va 13% 500 107 11 14% 14 3/4 200 11 V* 11 Va 200 May 9% Jun Sep 14% Jan 2% 234 3,500 2 % May ~3 % Feb 5s £1 ' * Week's Range Interest Last Period Exchange & Tel deb Jan 122 ..8%VAPr •11% May 12 20% May Aug Feb 3'As.,*—1970 6s_*-_^L,„2024 4%s_— deb 5%s Sale Price or series 5s Bethlehem Boston 1013/a 100 74 1013/a 103% 103 5/4 104 J-D 102 107% 111% 100% 103% 8 102% 105 Va 107% 106 Va 108% 110% 110% . 110% 1153/a 165 165^ 1.0,6 * 6s _1998 Q-F J-166 180 2%s 1970 J-D 1102 10374 1948 J-J Steel States Electric 119 % 1173/4 7 119 33 fl07 J-J 1960 Edison §Centval 119 Jlf-N .*1964 High 100% 92 1077-4,108% 108% 119 Low 3 J-D > January 1 No. 102 J-J A—*.1955 C 102 • Range Since Sold High J-J - , Bonds Friday's Bid & Asked J-J —1953 City Electric 3V4S— Telephone of Canada— Bell 10374 Corp— 92 9174 87% 92 73 64 M-S 92 Vi 87 V4 93 177 .64 §AChicago Rys 5s ctfs (part paid) .1927 F-A 81 8074 81 Va 299 Cities Jan 1966 M-S 6 103% 1958 A-O 104(4 104(4 104(4 19 103 Va ikf-Q 106 105% 106 22 104 Va 399 90(4 A5s ' (10% A5%s redeemed) redeemed) (10% Service 5s Debenture 5s* Debentures Consol lst Gas —* —_—1969 * 3s—— El Lt ref 2%s Gen —1969 Gas 1st mtge of 4s (Bait Gas & tl02 M-N N J Fuel M-N —1993 B 3%s %• 106%: 1053/4 119% 116% RR— Division— A ser 937.0. 110'A 114 Va 114 *116'/4 U9 A-O 105- 1067^: , 104 103 112(4 113% ' — - 105% 107 V8' 109,* U02% 104(4 A-O City) 81% 104 J-J 1981 —1954 ser '«■' A 1st mtge 4s Eastern 91 % * -OTa 57 Yi. 107'/a 1976 Q_— R— 4Vas_ Lackawanna 90(4 107 Va SO (4 : J-D —*.=-1962 series Delaware-Lack .& Western , 104 3/s 105 10474 (Balt)-^- debs mtge J-J -1977 Pwr & ref -mtge 3s ser ref mtge. 2%s ser conv 1954 5s Debenture 1st 10 % Aug 34% Feb 19% Feb 1961 6s Atlantic Feb 8% 600 . 83/4 9% 17% 13 V4 133/8 —* Power Electric Consolidated common. Sep '.1 ; receipts.; : !l Curb Appalachian 2%s common.* Jan 5% 100 Ltd Appalachian July 12% ~3% Amer 35 3/4 Aug 7 Jan Aug 19% Low Jan 50 500 20% 1,200 6 Friday Jan .500 8 19% July Sep .—2 Inc BONDS New Feb 17% 31 10 Tampa Electric Co common—r May 14(4 * 1st Oil 13 5% 5% 25 4%% Wright Hargreaves Feb 8% 25 25 29% * 1 12% Sep 131/4 May * _» 25c Sep May 77% 2% 1 common— Feb liy4 May _5 Corp 130 13/g May * Ray Drug common Superior Portland Cement, Inc.: Superior Tool & Die C02 May Sep 6% 100 14 ___i Sun 400 11% —1 w deposit preference- 32% Mar 17% May 14% Jun .* i Stop & Shop Inc J»n Feb l Corp— Jan 27 —1 : Petroleum (F W) Ltd— Feb 10 .a common Sep 173/» Jun 19 18 July 2874 l — 24 Va Apr Feb 21 % 10 l & Co common Jan 19 4% July 28% i Steel Co of Canada 18 300 Jan 14% May 17% Mar L 23 3/4 Jan 26 50 & 1 22 Jan 274 150 . P 150 23 22 . * common preferred 24(4 14 24 Va 10 Co—— American July 8% 300 2,000 374 19 19 124 Sterling Aluminum Products Sterling Brewers Inc.* Sterling Engine Co Sterling Inc__—— Co — Jun 2874 ,» — Corp (Hugo) — Corp & Woodall Industries 874 Mar 1 r Products Co Standard Tube.class B Co % — 1 Standard b.) — ■ 10 Common class B__ Preferred (The) 16 — 20 Oil Standard 5% Co & Oil C) Mar 37% July Woolworth 200 Standard :——10 Brothers Woodley 174 convertible (R Aug 33% July 6% Corp Wilson Feb (Wm) River Willson Feb 46 174 Dredging Jan Inc Sep 32 May 26 70 37 34 % 36 Va Sep k 136 132 136 Sep 16 Vb Jan 25 Maryland Ry 7 % 1st pfd—100 Western Tablet & Stationery com—* 9 H3Va'Mar Feb Ill 3,708, 16 Vb /j 2 3/4-Feb l%May 6% May . .— 15% Feb 27 May 6VaMay 2Vb preferred—*_* Coal—' Apr Feb 800 7 374 Westmoreland 5% 14 - 7 , .—1.25 Coke_^———45 Feb 113% 2Vs Aug 200 ! Corp 137/a Apr 83/4 May 400 ~2% "2% 3% Jan ' .10% —1 Baking Cb warrants— Aircraft : 110 1. pfd—L— cum 10 10 .——100 Apr 27 Feb 12% 11% 3%: 11% ;—*•■ Co_ West 6% 10 Jan 1% 3%; ll3/8 • 102% 3V4 May May 1,300 28 Va 25 - Jan 29(4 3Va 22 95 20c 5 15,800 30(4 25 Sep 23 W Aircraft Wisconsin > Feb 39 Apr- 19% July 29 3V'a Feb 10 — — Winnipeg Elec common Inc & ■ 5 Aug 99 Apr 7V4 May 31% 29 Brewing Power 73/4 Sep 1% May 251 13 2% — Inc.— Jan 312 ♦ Texas Apr 2574 July 28 Feb 86 37 1 Petroleum—' Syndicate Utilities Co —2.78 Standard Cap & Seal common, 1 Textron 2% 5 Manufacturing Texas 30 Taggart Corp Sep Feb Apr 100 2T* 3 „ „ Western 3% 7% 25 Jan 27% May 12% 10 Valspar Corp common $4 convertible preferred West 8% Aug Jan Technicolor Inc 18 18 85 85 — 1 1% 2/4 __ —* Manufacturing May Swan Finch — * common Ward 4 V* & 18 new.: common Wentworth 16% (S) 1774 . Light Jan 800 Stroock Co Sugar.. Feb 5(4 Sunbeam 13% —————10 17 5 ( T. 10 12% 10 39% * Stetson 47 10 50c Products Aug 29% Stinnes 46% " — 1 Universal Aug 45% Mar 19 Va 100 — Feb 27 23% July 3 Va Aug (A) 251 1% 1 Wagner Baking voting trust ctfs ext-* 800 Stein 251 — —1 warrants Insurance Jan 40 7Va Mar —5 Universal Apr 7 3% May Apr 24 65 — Co Jun 62 3/a May 29 16% 60 common & Apr 1474 150 „ 60 Sep 800 Starrett with 5,800 __ Securities—_* Reclaiming Power Jun 7,400 22% „ 25 Consolidated Oil Utah-Idaho 7 1043/4 2% May 26 Mar — 73 2874 Standard 23 22%* __ common Stores Feb Feb , Sep 3,700 „ common Universal Utah 18 —10 common—; Radiator United yV 38% 17 Va „ ... International 1st preferred S 102 900 38% —25 U $5 33/a 25c Machinery U U 3 Va __ —100 Sharing preferred Shoe 3% 93/4 Jan » ' Apr 2,000 3% 10 Feb 11% Sep 57/a May 50 —— Canal— & Profit United ' — 103 17% —* . . rets ord regis—. 5% 24 ~9% 3 3/b 31% Ja n 12% 7Vb May. _* • Preferred 1153/4 July 2874 $1.60 3 % May Aug 56 _7 common Jun 1,900 9% 12.50 preference—-— preferred Convertible 6 % United Molasses Co Ltd— dep — _* 10 Waco 23 Standard 1,300 6% — 102 „ 102 * United Amer 6 — Corp Feb 5 Standard 9 —* common 2% Mar 10 l 1 common.--: common Southern Pipe Line Southland Royalty Co Spencer Shoe Corp Stahl-Meyer 100 - 1 Southern California Edison— 5% original preferred conv May 6% 2,500 4% l common Southwest Pa Pipe Line 4.48% 8% 1 - Manufacturing South ro * —— Manufacturing Co— Sonotone 4 74 327a Feb 77a Jan ' (Howard) 6olar Aircraft Co— Solar 225 11% 2721a. 4% ,—100 - 900 ; A Va Mar Jun 2Va Aug com——50c United Warner 8 9 (4 " - Apr 36% Amer dep rcts ord regis-—l Sioux City Gas & Elec Co— 3.90% 11% * Simplicity Pattern common——*„_1 Singer Manufacturing Co ^-2—100 Singer Manufacturing Co Ltd— 9 Jan Publications— preferred 6 July 1027a Aug l7/a Jan 3% May 1% May Omaha——100 Products Elastic Waltham » 800 27 , * 14 106 % May 27 Feb *• : 2,700 6% 6 * : A 24 Sep 9% May 68% Sep » Silex Co common 1,100 2% 105 May 100% Sep 1 Va May 13% Aug 143/4 Mar 2% May 18 Vb loo Sick's Ereweries Ltd 5Vb May 113/4 5 * Canada—i Jan 79 Feb iya 68% Jan 2% Jan Jan 3 * • 12% Feb 84 4% 24 6% common-——25 / 350 17a 4 * Gas Feb 1 ; July Feb 17 21% 1 Shelter Mfg Co„„ of Feb 1 , Shattuck Denn Mining— Shawinigan Water & Power Sherwin-Williams 6'A May 2% May l preferred.: Jun 17 • 4% 6% 2,500 80'/a B new Feb 1714 2% 2% ~2% 17 Vb 101% 2% 6(4 5 Corp common Light & Railways July 83% • „ common Sherwin-Williams 53/8 19 ~2 % 25 Corp, common Control Safety 4 8 1 j 10 2% Mar ~3Va 5 stock - 33% July • common- stock Jan Fen iya May "314 % 43 % May Sep 3% May X25% May 32% 17 15% 200 2,200 x8 - —— Corp Yards of Corp United Feb 400 5 3 % 1 Selby Shoe Co 6Va 2 * - , 3 % » Inc 2V« 37% 3'/a Segal Lock & Hardware $5.50 31% 25 — common Industries 4% 36 1 Convertible 600 32 3/2 Securities Corp General Seeman Bros Inc.. Selected 4,900 l Manufacturing Scullin 9ya 2% 1% 1 Schiff Co Scovill 8% 2 3/4 63 V* —10c United Specialties common U S Foil Co class B 14% • Jun Calif— of Chemicals United Feb 67/a Sep 15 3/4 1 common 190 IV. * Preferred Lawrence 9474 101 2% 1 Corp series United Aircraft United St 92% 174 :1 Canada— Co pfd $3.75 Feb 18% 14 3ya May 500 — 73/4 July Apr 49 1(4 Aug 92% 101 preferred— Chemicals Gas United 12 V4 5 2 Inc Petroleum Rotary £.1 . Works— Sep Jan" ' * Works Realization United Amer dep rets for ord reg Rome Cable Corp common 574 30 * 8% Mar Sep 1% May 40 . Apr U 775 2,000 53 — .- Jan 2,400 1% 1% 100% 101 7% 53 ' — convertible 80c Ur.ion 1 17% 3% Unioh Investment Co..— . 12 41% Sep Rio Grande Valltey Gas Co— (Texas Corp) v t c Rochester Gas & Elec \c!« pfd P Roeser & Pendleton Inc 600 600 Jan Jan 2374 227a Jan * Lamp 5% 24 * —*-■ 21% Feb 13 3/a 12% May 16% — Inc 193/4 5% _5 Trunz 38 V* — 1 warrants—^ Tri-Continental 4% _1 Engineering Feb Feb — — pfd.—— 4%% Edison Feb 6% May 18% May . » Tonopah Mining of Nevada Trans Lux Corp 31 2974 May 51 , 7 Va _5 7 33 900 * Tobacco Security 2 19% Apr 1% May 27% May ' Co Dry Goods 150 29 Va BY* Jan 2% May 5,900 * common Co Electric & Rice Stix 29% 29% * - Manufacturing 3% 18% 18 10 — 16 High 500 ■ 1 Trust Co Ltd— Amer dep rets ord regis— Amer dep rets def reg. Todd Shipyards Corp*. 16 Low 40 15% . , 1 & Construction* Brewing Co Tobacco & Allied Stocks Realty High 40 1 Tivoli Toledo 274 l Raymond Concrete Pile common: $3 convertible preferred Raytheon 274 Low 5 common Inc Roofing Tishman * Quaker Oats common 6% preferred— Quebec Power Co Co Shovel Thew 59(4 - 593/4 27(4 29 r , - ' May =.1993 *'—1965 "27% J-J-' 103 % , 103 V4 103 v. Vi' 88 25 101 - ; 88% 36% 106 Volume 166 Number 4633 . THE COMMERCIAL YORK NEW RANGE Friday York Curb Last Period Exchange Sale Price Friday's or Finland 5s Residential 1956 Mtge M-S CURB WEEK High $121 —- Sold SEPTEMBER Low No. __ 120% — M-S $— JrD $63 77 Curb Rayon Co 6s A—1948 ser Grand Trunk Western Ry. 4s__ Green1 Mountain Power 3 %3- 1950 .1963 Guantanamo & Western 6s 1958 Week's 55 income Wash 84 65 Range Friday's Last or Period Sale Price Bid St Bonds Range Since Water Asaed Sold January 1 High No. Low 73'/3 75 debs 1954 Power Penn Electric West Penn M-S 1964 J-D 2030 A-O 1969 J-D —1959 F-A 3'/2S 5s Traction ,___ 5s— 11 108 108'/a $106% 108 $120'/a 63 Va 3 103% 103% ' • —. J-D 103'A 104 »/4 105 J-J — A-O «»«• $59 105% 104% 5 63 Western 106'A 56'A- — 6s Newspaper conv 110 102'/2 103 122 101% 6 68 108 115% Union— debentures f s 82 108 105'A ,, J-J High Hotel— West A General Friday Interest Exchange Low Waldorf-Astoria 124 63 — York High A 5s 1961 26 BONDS New 'January 1 Bank— standard—, (1281) EXCHANGE ENDING Range Since Bonds Bid & Asked Low Elmira Water Lt & RR 5s FOR FINANCIAL 'CHRONICLE Week's Range Interest BONDS New & 105% ' Hygrade Food 6s 6s series A__ ser Jan B 1949 $104 104% 104% 107% 1949 A-O 104% Indiana Service 5s__ 1st lien & ref 5s__ 104% 1950 J-J 103% 103% 103'A 5 102% 104 1963 F-A 103% 103% 104 6 103% Indianapolis Power 105% 1970 M-N 106% 106% 1 106 y* 108% 1955 J-D Jan & Lt 3'As $103% 104% A 6'As series A6%s C (Dec 1 1941 coup) 1955 A7s series E_ ( A7s A 7s __1957 (Aug 1941 coupon) _1952 7s (July 1941 coupon) J-J 32 J-J 1952 J-J J-J 99 Kansas Electric Power 3'As Kansas Power fit Light-3y2s—: ; ; 1969 J-J 32 2 32 32 ~ 42 132 98% 81 186 65 94 30 1 30 . 103 110 1 111 102 — 103 -1963 A-O M-S • ■ ■ "58% 58% ., 104 5 53 103 104 105% 103% 103'/a " 107% ' New England Power 3 (As .1961 M-N — , N Y & Westchester Ltg 4s Ohio Power 1st mtge 3'As .2004 J-D Lexington 1st mtge 3s 1964 Park 103% 103% 103% 3 106% 106% J-J mtge 3s $106% 107 ■■ AO . 1968 1971 ' 1st Agricultural Mortgage A 20-year 7s A 20-year Bogota (see 1 101% 104 106% / Danish $104 ■ __ 106 $87% — '■ 107 77 Range Friday's or A-O No. Low High 66'A 66'A 78 $64'A 75 69 76'A 1948 J-D $38 45 22 45 1955 M-N 83 84 83 F-A $- 88 3A 88'A 94 J-J $15'A 20 21 29 M-S $__ 15 15 18% M-N $27 30 28 34 J-D $38 45 30 47 52'A 52 Loan— .,2 96 - Si reduced Interest AMedellin High 66'A J-J Waterways— AExterr.al 6'As stamped 1952 ALima City (Peru) 6%s stamped_1958 Maranhao stamped (Plan A) * Range Since January 1 Sold of) 5s Port Bonds Bid & Asked — Jan 1947 Municipal External 7s to 2%s stamped 2008 ,__1951 87 of Bogota— of May 1927) of Oct. 1927) Bank Mortgage Pennsylvania Water fit Power 3JAs_1964 Last Sale Price 1953 Cons Danzig 109 105% „ (Col) April 1946 7s_ 5'/2S ■ A-O Bank _t Mortgage Bank ACauca Valley 7s 65 16 " ' ""103% Interest Low External —,1967 Week's Friday Exchange Period - Extended at 4% to___ Milwaukee Gas & Light 4'As Curb 102% 104% 104% __ York New 42% $110% 111'A ■ BONDS 42 6 ' 65 - F-A : 42 99% $104% : 42 31% 4 41 30 72 J-D 1956 McCord Corp deb 4'As Midland Valley RR— 1966 43 31 34% 32 98% — . 32% 2 32 32 , 11 35% 32 1903 A. Altallan Superpower 6s__ 32% .31 $32 —— 31% ,1957 6s 32% 31 F-A 1952 Interstate Power 5s—Debenture 32% — 1957 series A !• .' . International Power Sec— • 1970 Public Service of New Jersey— 6% perpetual certificates— J-D — J-J $105 — 108 106% $107% 108% — M-N 154 A-O 105% 105% Queens Borough Gas fit Electric— 5 'As series A 1952 Safe Harbor Water Power Corp San Joaquin Lt fit Pwr 6s B 3s_1981 M-N 1952 M-S 1951 A-O 1965 M-S 1970 A-O 1971 J-J 1970 F-A 1989 M-N 154 5 1947 M-N $44 A-0 $44 55 50'A 53 J-D $~ 30 21'A 25'A A7s 109 154, 170 104% (issue A 7s 108 107% — 1947 AMortgage Bank of Chile 6s——1931 3'As (issue Mortgage Bank of Denmark 5s—-1972 106 Parana 105%; 1 Scullin Steel inc mtge 3s Southern California Edison Southern California Gas Southern Counties Gas 1st 3s 3'As (Calif) Gas Spalding (A G) Elec fit 3'As 5s AStarrett Corp inc 5s 5s collateral 105'A — A5'As 105% 105% 20 105% 8 105% A7-4s 1950 105% (Hugo) $-, 90 90 98'A $26 29 25 37 (Plan $20 26 24 V2 32 A) 2% to J-J .2012 J-D 1921 — 2'/8 2 2'A 140 2 6 J-J 6'As—-1919 2% 2 2% 236 2 6 107% 104 $103% 106 — — $106% 107% A-O 107% "6 103% 104 — A-O 1966 trust (Hugo) Corp— 3rd stamped Stinnes 2008 107% $113 116 108 101 a Deferred n Under-the-rule 1 37 2 33 47% 35% 37% 7 35 47% 104% 104'A 5 68 1946 75 A Bonds ■ , J-J 1946 A-O 1949 United Electric Co of N J 4s J-D 104'A being 106% Cash sale, r x e Odd-lot sale. Ex-dividend, f Ex-dlstribution. y Ex-rights. traded flat. ' ' ' Abbreviations used above—"cod," 104% d Ex-Interest, sale, sale, §Reported in receivership. Industries— A7-4s 2nd stamped par $Friday's bid and asked prices; no sales being transacted during current week. 117 68% 37 ■— delivery value, Ex-stock dividend, 104% 89% 68% ' •No g \ Stinnes 2'/aS stamped reduced Government ARussian 97% 100'A 105% 105% — Janeiro de to " $100 -- 121'A Interest 108% 118 ; reduced — mtge 3s_ Southwestern 108'A $117% 119 J-D M-S stamped (Plan A) Interest Rio $107 __ 52 certificates of deposit; "cons," consolidated; "cum," cumula¬ tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificates; "xw." without warrants. "ww," with warrants; when issued; "wl," OTHER STOCK EXCHANGES RANGE FOR WEEK 26 ENDING, SEPTEMBER ' • Baltimore Stock Range of Prices Sale Price Shares Par Arundel Transit Baltimore 5% Co preferred 1st v com v t c t c America U ; prior preferred Amsterdam New S Fidelity • 4% 20 10 40 40 205 70 63 182 16 May 4 Vo Apr 19'A Aug Century 1 High 25'A Feb 9 'A Jan preferred J an 44'A Eastern Apr 40 Jan 160 Jan 40'A 6'/o Jan 300 1 295 Jun 315 53 54 48 37 Jan 54 100'A 101 30 100 Aug, tl04 Mar Eastern 100 100% 26% Lines SS 28 89 24% May 29 Jan 44 288 39% May 46'A Inc 1975 75 75'A 5s series :_1975 A 83 85 $17,000 71 July 90'A Feb 1,200 83 Aug 98 Isle Safety Lone Boston Stock Friday ■1.1' Exchange Week's Last Range Refining Si Tel Shares Low • 47% 100 American Tel American Woolen • Anaconda Copper 42'/a 50 I.. — * Bigilow-Sanford 100 & Son Carpet 6% 157% 44 Boston Elevated 25 Ry 48% Boston 7% * fis Maine 43'A 135 157% 159% 2,508 & 34% May 34% May 149% 43% 45% 276 26% 35 299 31 42'A 10 18'A 18% 124% 126% 150 90 Central Jun National 1 High 49% Sep 44% Feb 174% Providence New For footnotes see page 42. zz 29/2 J6% 57% 132% Jan May Jun 14% May 117 Jun 50% 39% July 74 July |1.99 25 2 Sep 9 Jan 20 72 Aug 93 y4 Jan 145 20 Aug 47 Jan 225 83 285 50 20% Jan 25 Apr 51% May 140 19% 135 Northern Feb 37 A 23 7/2 J '4 23% < ,a 6,3 ^3% 45% -- 46 -- 65% —100 pfd 45 15'A 65% 27 oj -- 55 15% 66% 28 00 2,188" 288 39% May 57'A Feb 50'A 58% (N H)__ RR 39.50 Apr 24% Mar 30 Jan 60 »A July 44.15 Feb 1,674 31% May 40 279 23 V4 Mav 32% Mar 280 7'A Sep 1,385 2% Jan Jan Jan Shawmut ' 91% 90'A 92% 52c 139 — 53c 139 Feb Sep 41% May 51% 200 43 Jan 46 May 14 May 58% May 17 Feb 8 304 60 141 Jun 23 1,380 400 590 78% Feb 32% Feb 43'A May 60'A1 Feb 121A 21 Feb 67c Feb 26c Sep May 90% May lA Aug 600 10 Jan 120 Feb 121 Jan 1%' Jan 140 — May 26% May 39% 17% Sep 26% Feb 2'A May 4% Feb 11% Feb 33 33% 166 17% 17% 18','a 1,293 3'A 4 7% 664 14 13% 199 160 10% May 17'% 160 32% May 42% Aug 18% 29% 77 __ • 2.50 7/s 7, a -* * & Webster Inc— May Torrington $3% 13% — 13% 50 6% Sep 13'A Aug 27 29 263 20% May 39% Feb 16'A 16'A 60 12% May 18 Jan Warren 20 43 Sep Westlnghouse Union Jan United Machinery U S S Smelting common Rubber U (S Refin # Min D) Co-.-,-- Electric Corp 37% 37% 39% 41 A 41 A 95 — 53% 60 52'A 60 54% 64% 2,397 Jan 59% July 500 60 Sep 71'A Apr 44% 45% 356 40"% Jun 60% F*b —49% 15% 21 Ya 2? 49% 15% Feb * 25 Fruit Co Shoe Feb * Drill Twist 15% Mar 5 Co 28% Sep United 37'A —25 Jan 722 Feb 33% 50 — Assn 460 May •JDC 4 280 Jan 19'A 25 13'A 3SC 10'A Feb * Quincy Mining Co Rexall Drug, Inc 26 Sep 12'A ~ 2.50 100 Mills 18'A 25% 12% -100 Mining 25'A Sep 1 1 Cos Pennsylvania RR Stone 42'A 43 "/a 35,8 42% Mar 58'/a 43 5% Racing Assn Butte 25% • — —,-25 " England Tel & Tel North • 100 RR Service 100 RR Jan May Feb 40% RR— prior preferred *8 /a — -* .-50 pfd— Theatres Cement 18'A Corp Boston Personal Prop Trust Boston Low 175 13 3'A 133'A 126% 100 Stamped Boston Herald Traveler 2% J4 ^2% 23 — 1 15 Co 6% (Del) Narragansett Range Since January 34 * 100 Bpston Edison Zl '4 — 1 Copper Star Pacific pfd—100 Inc Boston & Albany RR , 35,4 Razor Boston Maine High ..(! 1 Bird 2% -- 74 Mergenthaler Linotype for Week of Prices Par Agricultural Chemical Sugar 60 Sales Sale Price STOCKS' 23% 50 Feb Lamson Corp <v! 93 — Copper—1 Royale Loew's American Feb Feb 67% Electric Kennecott American 8% 30.93 37 * Capital Corp— General Gillette 4s 6'A May 26.48 Aug 67% • common Hathaway Bakeries Transit Co 66 Jan BONDS— Baltimore ■■ 22 353/^ — Stores. National First General 26% \ ' - 100 -,—100 Employers Group Assoc 43 ' Range Since January 1 Low " High — 100 Sep 20 •> JH'-d 100 — — pfd adjustment—, Jan "I' Ry— pfd series A 1st 5 % I -iiiuti. Associates— —— Street Mass Common 144'A Shares High 27.87 27.87 —| ' Sales for Week $0 Fuel & Gas of Prices nV'on oVon — —-1 Trust.: Service Eastern 6% 50 & Guaranty Ciiles Shares Week's Range Low 5 Calumet & Hecla Range Since January Low 355 Sale Price j Par 300 2 Casualty. 4y8 25 145'A 146 40 STOCKS— High 17'A 24 class A_—_100 Mount Vernon-Woodberry Mills— Common 6.75% 17 100 Fidelity & Deposit Co__ Fidelity. & Guar Insurance Corp Finance Co of Low _• Corporation Last Sales for Week Last STOCKS— Exchange Week's Friday Friday 10 Co—50 * — — 12% — — 28% 40 44% May 46 38% May 50% 25 13%'July 18 272 22% May 10 Jan Apr 30'A July 33 COMMERCIAL THE (1282) 34 & FINANCIAL CHRONICLE Monday/September 29,.1947 OTHER STOCK EXCHANGES RANGE FOR WEEK ENDING SEPTEMBER 26 Week's Friday Chicago Stock Exchange '? Week's Friday Shares Low Admiral Corp common Laboratories Allied American Tel Manufacturing Avco Corp— Belden Co Mfg common —— Berghoff Brewing Corp.—.— Binks Manufacturing Co capital Corp W) (George Borg & Co (E L) common Piston Ring Burd Central & cent Util W S common preferred Sep 850 18% Apr 237b Aug 13 7b 300 10% 10% 350 52 400 387a May 49% 51 300 40 Mar 40 41 100 35 Jun 14% 14% 400 7% 2 550 13% 13% 9% 107. 13% 10 8% (The) - (new) Corp common new— Domestic Credit Corp class A— Sa fety Feb Oil Co Jan Feb Corp 8% Aug 25 9y4 July Car Feb 6574 Mar 13% 97b Feb Standard , iW of rilson & So Snited Corp . Aug May 85 62 • 33% 28 980 25 May 28 400 32 May 39% Feb 4 1,200 3 May 5% Feb Apr 6% 4% 41 150 35 Apr 41 100 147* May 19% Feb 147b 14% 300 12% May 22 3/b Feb 24% Jun 337/b Jan % 4% 1,800 4% Sep 7% 4 474 10% 10% 200 9% Jun 13% Feb Aluminum 3'/a 3'/a 3% 150 2% May 474 Jan American AUg 9% 300 1474 Feb 22% 100 22% Sep 31 Jan 25 Jan 25 257b 200 21% May 33% July 28 3/i July • 9% May • 7% 57% N 206 10% 26 Va 200 23 16 16 16% 900 13% Mar 17 July 300 64 793/4 July 13' 200 11% May 20 20 20 3/b 500 16 1274 12 7a 12% 4,000 27/a 300 14 *■ Corp 12% 1 1 Zll ■. 753/4 73% —25 * 2% *_ 17 Feb 24% May Feb 12% Sep, 474 Jan, 2% May 10% May 200 14 Mar 7% Sales Week's Friday Jan 157a July ~ 104 26% Mar Range for Week Sale Price stocks— of Prices Shares Low Par Industries Brewing Churngold > **— 100 16% Sep 800 13% Feb 197a Sep 31 Feb Cincinnati Gas 70 17% Jun 20 Apr 52 Jan Feb Cincinnati 37% Sep. Feb 28 Feb Sep 2174 Jan. Jun 29% 31V4 * 120 29% May; ' 23 165 16 26 195 1174 10% 11 —8.50 15 3374 223A ♦ Cinlonnati Street High Low 17% 32% 32% 32 7t Jan Jun 8% . 19% July 750 20 , Range Since January 1 High 32 74 * Laundry Mach — common 58% 700 8!/b 1,200 2874 100 23% May 6% Apr 65 974 Feb 31% Feb 2 . Telephone Cincinnati Tobacco .50 Warehouse.. 11% 1174 10O 10 Jun 16 20 350 167. May 21 Feb Eagle-Plcher 17 7b 17% 600 16% May 20 Jan Formica 157 71. 7 81% 35 30 35 73/4 _* . 14 7a Feb Jun 99% Jan Jan 7% 10 7% Feb AUg 7 36 Feb Sep 14 Feb. Feb 20 80 80 7a ' 110% Aug 1067a Mar 203 7% 77a *25 Motors Crosley 41 108 108 7 25 396 26% 26 .100 17 7b Gibson 9% May 500 10% 10 11 Mar 200 15 Mar 67 68 180 56 Apr 70 Feb Kahn 207b 21 150 20 Jun x24 Jan Kroger x29 Jun 10% : 58 8 24 Jan 327a 265 53 JUI1 69 Jan class Hobart A* * 41 —— 8 5 Jan 11 July 60 Jun 70 Mar 20 40 Jan 50 67 67 -. 20 50 Sep 4074 May 8% 8% 100 ... 257a July Feb Jap 29 58 • preferred 20 21 24 29 56% * *, Participating 24% Aug 23% 10 * . Art Hatfield 197. May 107a Sep 23 7. . * 500 23% 9% 10 common—.—25 common— Feb Cincinnati Stock Exchange 20 107a Spencer Bartlett Feb 30% 11%. 25 7/8 14 J Aug Jan " 3 (new) Werner Feb 15% 11 15 common 39% July May - 7% 8 23 7. Hibb 81 2874 _ . 10% Sep May 7% May 900 8 1 Preferred 10 common---—1 . * . Burger 22 19 Feb 9% 22% Sep 1,800" • Feb 15% 15% 33% common: Sep 18% (G) Inc 37 1 com common July 27 7a May 25" Jan Feb 30 16% Feb 87a Feb 5 68 200 17% *_* common.—.——* common..—*—*• H) Hein 41 43 Apr 54 Mar " preferred 35 35 35 100 35 13 12% 13 550 11% May 177a Jan Meteor 26% 26% 200 18% May 29% Feb National 20% 21% 250 19 Feb 8% 50 May 874 May 25 8% 18 Jan 720 77a Sep 24% Jan 1,700 1% Sep 674 15 74 50' 473/4 < 196 -•51% July Jan 11 7b May 47 7a — Sep .—10 Illinois Central RR common*-*—*.100 Independent Pneumatic Tool com.—* Indiana Steel Products Common 1 50 47 50 ... ,* Harvey Inc common..—_—-5 Hubbell Brick Illinois capital Co pfd Interstate Power $6 -* Lunkenheimer 21 1 common 7% 11 11 Co common 1 Switchboard common. ——* Kentucky Util jr 67c preferred 100 Li bo J McNeill & Llbby common— 7 Katz 11% Drug Kellogg 7 Ya West Miller & Hart Modine Lqc common—*1 —* Co Mfg common. Chemical Co common— Monroe Standard National Northern common Northwest Bancorp Northwest Util Bush Nunn Oak common*. Shoe Manufacturing Ontario Co Mfg common—— common Peabody Coal Co class B com. 6% preferred Gas Lt Perfect Circle Potter Co Process Rath (The) Packing common..... common .*-* Sangamo Elec Co common. Schwitzer Cummins capital Roebuck Sears Serrick Co & — 11 42 50 2674 Jan 16% 2,300 13% Jiily 8% May & 1,700 10 16 Jun 21 22 50 1774 May 22 Randall U S 100 56 56 100 97i 18% 4% —* Preferred 9Va * —3 100 Feb 647b Feb 48 Jun Akron: Brass Mfg—** 15 Jan Alleghany Corp, 26% Feb American Home 8% 300 21 10 148 19 130 Apr Apr * Jan 180 Feb 18% Sep 23 678 19 430 672 960 93 17% 17% 18 1,400 917a 92 270 917a 11% 11% 250 11 5 VS 5% 100 * 674 6% 30 29% 29% 10 287» 250 1574 15% 50 36 36% 500 12 12 27 Aor 1074 Feb Sep 20 Jan 0% Apr 1,700 1007a 97 36 : STOCKS— Prod Corp . Sinclair Oil Corp* Society South Brand Bend Apr 17% Sep 974 110 capital Louis Nat Standard - Stockyards capital Dredging pfd..: Common Storkline 93% Mar 14 Apr 6 Jun 5 Apr 6 74 Sep 28 May 32 Feb jun 29 Feb May 18 Feb 22% 12 Sep 30% May 8% Jan 407a July 12% Aug 337a 34% 12 12 12 400 15% 15% 15% 500 77a 7% 500 May 67a May 27% 27% 27% 200 33 33% 50 Illumin. Electric 100 21' Aug * 25 Swift common.. 3% 39% General Electric General Motors Glidden Co. international Certificates of Co Co, 208 La 5 deposit (The) Salle ... 8 Steel Lakes Great Towing x247t Mar 1,350 10 Mar 347a Corp..*** Interlake lron For footnotes common— capital— see Low 3y4 Feb 5% Feb al58%al59%A July 34% Jan 149% Jun -174% . * a233/4 a23%- 100 ' 5% 3% '250 ■ High Sep ^3/« May 300 3% • 45 22% 1 234 ( 19 13% May 100 16 3/4 16% Fee Feb " 127a' 12% 1,916 13 8274 82 7» 83 a327a 47% 69 84 3/4 July 37 Mar 5 327b 47% 80 2 alO97a»1097a 13% Aug^ 1174 July 280 1474 a417a a4l74- 110 2774 , Feb, 35% July Jan Juri 165 - July 447a ?eb 1157a Sep 4074 May 54% 65 75 * 70'/a 100 a51% a51% 50 42 74 32 July Fe"b 61 Jun Feb Feb Feb a3678 May a57% a57% 66 51% Jan 65% a457a a45% 25 34 Mar 49% Jarw * a45% a457a 6 61% Feb a __* 36 417a Jun., 17% 17% 301 177a Sep 23 Feb 100 30 30 14 27 7a Jan 30 Aug 5 23 23 25 23 Sep 31 3/b * al3 al3 200 • common 14 16% July 974 Feb Interlake 237a May 34% Kelley Feb (Un) Feb 37a 3 200 May 4 % July McKee Medusa May 24% Aug N Y Central RR 33% 34 500 31 May 37% Jan Ohio 22% 2274 100 217a Sep 26% Jan 547b 54% 567a 1,500 1% 2% 20,400 217B 1,050 x22 Feb 31 Jun 25 19 May 13% 225 1174 11%-. 70 36% 220 9 240 52 37,,, 175 57. 700 40 a5% 14 7a 25 25,74 20 21 32 37 5 Metropolitan Paving Brick.J National Oil class A Mur (Un) 5 74 Acme - 11% July a26% a265/a 16 July 607 22 3/8 10 class B Portland Cement. 350 44 32% 13 * (A G) 150 300 32%' a22% •• * k - a57a * a (Un) — *_*. 14% a257t ... 15 7a July 97a May 70 Steamship Machine I Island Lime & Trans Jaeger 2374 25 30% * 48 * Bankshares Range Since January 1 Sep 137a JUly 22% 22% common common Yates-Amer Mach Shares * (Un).. common 17 Packer Corp * * *— _*— 3174 48 48 Sep 597a Sep Sargent Radio Corp of America Sep May 21 May 47% May 274 Sep Republic Steel 547b 1% 14 400 ' 140 68% page 42. «»4r 400 62 28 300 237b 117. 4 5 717a 27% Westinghouse Elec & Mfg common -127a Wisconsin Sales for Week ( (Un)——10 Gray Drug Stores.—: 11% 950 J2% 13 250 , Feb Richman Bros 3174 Sep 32 28 a7% * a - 34 36% * Jan 13 Apr 71 34% Juri 52 4% Jun 21 47* 12 May Feb 247a July 16% Feb. 87a July Sep Jari- Feb 30 Jan Jun, May 10% Jan 22% Feb Apr 27% July. 60 30 May 357a Mar 28 45 247. May 30% Feb a8 67 -> * 45% 267a 45 7V2 May, 10% Feb 22% May 30% Feb 457a 692 447a Sep 543,4 293/4 681 233/4 Jan 31% Aug a257/s a26 ..10 Standard Oil of Ohio common 64 32 • ... 23% 54 Feb Feb May Apr 797b Jun 97« May 137a II (Un),—— (Un) * tJ S U Feb, 39% Goodyear Tire & Rubber common 17 1% St 52 7s - 51 common 3774 May 15% May 10 * Co So Jan " ♦ ' common 40 Corp Trane Apr 49% Ltd— (The) Rights Thor 37a 25 •Patterson Texas 52 High 3% 3% 1 (Un)***—*.*.*. 39% 25 capital stock Low Par 15, Tire & Rubber (Un). Firestone 22% common.— Tool Range —* Electric Controller 20% Switt & Co Mach Jun 51 of Prices com———* — Nestle Le Sundstrand Jan 38 Feb 197b 30 Apr 17% Mar 38 197a 1 5 1 Furniture ; __——100 A4i60 -.preferred Consolidated Natural Gas (Un) Feb Sep 26% 33 7a 20 Standard Oil of Ind capital.— 167a 81 Week's Sale Price l Iron common— Cleveland' Oliffs ; _i___ * Lamson & Sessions St Jan " (Un)*_—— 47a % preferred Cleveland Graphite. Bronze (tin) • common Works 3% Sep 67% July 57a Sep 127. May 376 1 (Un) Products American Tel & Tel Jan 4% May 50 ... Jan * — Clothes Lathe 50 50c :i *—* (Un)*_ Cleveland • common Signode Steel Strap common 50 •■■■, ■* Halle Bros Shellmar 50 Jan 774 1,450 19 57a Last 8% 97 1 477< Friday Sep 167 9% 9 19 6 V2 45 200 14 Feb. 7% July 56% May Cleveland Slock Exchange 137a Mar Clark, Controller 1 5% 133/4 50 5 120 Feb May 6 74 4% July 606 14 — Printing 34 y8 Aug 50 974 77a 66% 7% 66 667a • B 49 7a May 200 22% 10 47 class - Aug 5 21% * : « July 39 74 273/4 Jan ' G Feb 117a 167 1 capital 24% 1774 . Apr 8 350 July 40% 11 23 7b 50 5% Apr 16 39 • class B common Corp May 10 (new) common (The) Corp 8 £'% 5 167 50 Co 300 20 97a 57a Mar 100 2% — Coke & (The) 111 * Preferred P Feb May 1 —* Pennsylvania RR capital Peoples < Feb 10 107 22 s.—— preferred——100 common— 272 7% 67a May 1 17% ^■ril 10 * common. Corp 111 * 450 40% 16%: * Montgomery Ward & Co 1,000 77a 110 87a 11 7b vtc common Brewing Minneapolis 5 capital Corp 1274 77»' 110 Lindsay Lt & Chem common.—.——* Middle 2% 2 2% 25% 97a 5% ;* Pumps 257a 97a ♦ ,** .... Motors Rapid Stores Inc Jim Brown . 1 ,, ** Oil 29% 22% 674 „2% new Standard Steel Spring 32 16% Feb Jun J ah July 3% • ■. , (The) StudebakerCorp Sunray Oil Corp 30% 17 12% 4% 10 Socony Vacuum Oil Co Inc Jan 16% 12 May Mar 35% . 5 ... Sep Instrument Co common.—1 Brewing Co capital—_1 Hammond 300 ' Radio-Keith-Orpheum Republic Steel -Corp common 23% Razor common. Inc common Bros Co ~5% 72 May 5% May _5 20% 7 "57a 42 May 10 4 ,. Radio Corp of America common 2% 160 95 Feb*" 31 Va May 400 113/4 11% 11%, • ■ ... Pepsi-Cola Co Pure 22% Mar 94 Feb Feb Feb 56% 94 5% 17 417a 12 1 j, Airways Corp Pictures Inc Feb 400 17% Great Lakes Dr & Dk Horder's Amer 200 5 Corp common— Motors Heileman Paramount 57% IVi Brewing common Refrigerator Co Gossara Pan 10% Inc**.—_5 America of (Peter) Goldblatt Sep 41 10 General Candy .class A Gillette Co Motors Motor 25% 1 Eddy'Paper Corp (The)———*—* Elgin National Watch Co 15 Mills 300 343/4 343/B II Radio. . 36 * ;-50 Dodge Mfg insucrai North 57% 297/a May May 2% May Last preferred Cumulative Gibson <te Light Feb 36 - 12 26 \ Central RR capital American Co 30% 57% _* Co (new) Common Fox • , York Jan 20 7% May 1,400 75 73 900 Co— Consumers pjour 7 6% 7 74 150 500 9% Gas 21 6% May 60% Jun 200 Electric Laclede 23% 1972 May 65 65 Inc—*———>—5 Commonwealth Edison common —25 Coleman 40 8 100 • New 10% July 125 7% 3 7B 13% 15% Mar 87. 247a 3 7b 13 74 1 Electric Television Graham-Paige Packard -16% Sep 24% 8 24% & 3 7b 13% 50 _* Motors Farnswortb 517a * '■ High Low ——10 Curtiss- Wright 45 8% May 77b Mar 1,700 - Gas Nash-Kelvmator Apr 12 150 Products Continental Sep 52 174 May . Certain-teed Columbia Range Since January 1 High • com_ Rolling Mill -*—** Anaconda Copper Mining Feb 1374 Feb Apr 8% _1 2% 10 (new) 17% 11% May 874 1% • Cities Service Co common—— Jan 167b 8% 2 *— Chrysler Corp common 10% 400 200 18 14 7B Convertible pref Chicago 150 177. 137. Chicago Milw St Paul & Pac Chieago 150 13 74 5 14% 9% May 12% Low 1 Corp American Radiator & St San American General 12% - 507a 1 ———_• v"fc c * & South Air Lines * Towel Co common —♦ Chicago Corp common V 1,200 127a Sep 11% May 127a Shares Feb 22 5 common 77* 4% May Feb 37% 5 50 50o common Burrell Corp 5% Apr 12% Central States Pr & Lt pfd Cherry 372 Aug 28 123/4 *—* —— 15% July 9% May 300 20 10 Corp Secur 111 Convertible 800 4% 250 common—1 Biscuit Carr-Consolidated 13% 37% 103/4 Butler Bros common Feb 4% .--1 12 7a common Burton-Dixie Corp Sep 174% 37% 1 — 237a Jun 4% Corp common., -5 Sons (E J) capital*—-*—-*--* Brach Jan 377a Borg-Warner Bruce 17 150 47. *-10 — Feb 13% • 10 *~1 Bastian-Blessing Co common Feb 11% Jan 300 158% 159 3 —3 common Feb 7% 97a 300 22% 22% 67a May 3% Sep 1074 500 200 100 . for Week Stocks— Alleghany High Low 4 1174 10% capital™. 100 : —5 Tel Co & Washer Automatic 3% 3% • common Co common- Armour & 5 common™——• Bearing Ball —- Castings— Aluminum Advanced A«na 7 Range Since January 1 High 7 Par —l Unlisted for Week of Prices Sale Prioe STOCKS— Range of Prices Par Sales Range Last Sales Last Sale Price STOCKS— 30 Feb July Jan 15% July Steel common Van Dorn Iron Works* Vlchek Tool World * * Youngstown Sheet & Tube... 117a 20 * • 117a '11% * — Publishing * 26% 69 3,4 * (Un) 20 70 13 61% May 79% Feb Jun 20% Feb 11% 140 10 1174 100 1174 May 12% 20 20 34 86 53% May 20 a687/a a693/4 Jun 72 7a Feb -Jan Feb COMMERCIAL & FINANCIAL THE Number 4633 166 Volume (1283) WEEK FOR ENDING 26 SEPTEMBER Friday Week's Sales Last Range for Week Sale Prlee STOCKS— of Prices Shares Par Pacific 6% Corp common —25 & Gas oommon Indemnity Co pacific Western 1 1,000 38% 300 49% 55% 44% 325 35V4 Republic Petroleum Co coihmon_. —1 7'% Drug, Inc. Rice Ranch Gil 420-;—,—_—— Week's Friday Last STOCKS— of Prices Low Pat Aeronautical Electric Alien 3% 3% TOO 23% 23% 300 3 1 3% - Low 2 520 3% - 'ir. RangeStnee Jaaamry 1 High 3% —1 Products Shares 3% Southern 3% Sep 5% Feb Jun ' American Metal croduot: — — .2 15'/4 24. Jan 4.32 % 4.48% 466 22% 22% 73 36% 280 31 Vb May 48 -30 51% *52 1'5 _25c 29% 29% 30% 85 a Corp—.—.■— 21% Sep »1% Pen 75 Jan 1'7% Aug Jan '25% July 40% July May 59 July 26% Mar 33 July 17c 15c 18c 36,900 10c 50c .1 Sep 20 52 '/a May 14 Jan 507 > Sinclair Oil High - Aitg 15% 82 ' May 300 22% Company y " Jan 7 1,255 —S Petroleum Co of Calif Signal for Week Rang:® Sale Price ' 9 2,061 BO .*».•—m~.w «o 38% Aug 7% Inc f Apr 26% 44% 15% 1 Feb % Apr 18% 1'5% Trading Sierra Sep Feb 7 —* Shell Union t)il -Corp Sales 55 •60 Sears Roebuck iSs Co. Exchange 49% 54 common— Safeway Stores Security 11% Apr '25 Corp Oil Jan 38% May '36% Rexall Richfield 42 97 19% 18% -2:50 Sep Jun 180 44% 35 21% 50 • 1 High Jan 34% 1,163 39% 54% 44% .10 -39% 49Va 49% __ Co. Timber Sound 'Pulp Af Fuget Low 13% 39% __ — 10* — Corp common-—. Oil Corp ^Lighting Pacific 20% Range Since January High 20% 20% —25 1st preferred Pacific torn .—10 Elec Finance Pacific Stock 35 STOCK EXCHANGES OTHER RANGE CHRONICLE "50c 60c 23,900 45c Sep July 14 May 18c Sep 1.35 Apr ■ Corp-^. com 15% 140 131 31% 1,103 Jan 28% 918 30% May 28% Sep 34% 28% 29% Jun 30 30% 579 29 y8 Juh 32% July 36 % July Apr 15% —^—* Calif Edison Co Ltd preferred preferred 25 25 25 16% Aug July " La.dwln Rubbjr —L : Bro.wn-McLaren - — Edisun aaretiuit 21 400 21 20 4 4 -.-5 —-20 common 130 2% 2 2Va —TO Consdlidated Faper Detroit & Cleveland Navigation 19% 10% —_1 TO 19 1,310 21 M 3% Sep "800 .4 "23 '/a . 23% 3,042 23 13 V4 1,472 10% May 120 Feb 2% Jan". May 12% 23% 127/a May 1% July 18% Sep May Sep Southern 13 -10 19 % " 19% 13% July . inc. Eiectromaster, Fnar Ale —1 — 1% " Finance common July 16'A class B. Manufacturing Gemmer GePefail 16 y4 "400 12 May '8 !4 104 7 Jtm 8% 11% Juh 10% .May 52 15 % Jun 21% 22% 2,705 20 May 20 102 Apr 1 '912 9% 9% V% 5% 6% 567 4 Graham-Paige Lamp Hocklns 4 4 1 _— —— .—5 — Hudson Car--, Motor Hurd Dock & 17 v.—- 16% Sep , Jan 9 y4 LaSalle Wines 1,137 is 490 71% 250 '63 % May 40 1,385 '23 y4 May 40 7% ' 7Ya 119 6% Aug 10 'Gold Mng Co___ Juneafi Co ■4% Mng -1 '9 13 y* Sep 1.00 Feb 2.00 Apr 28,200 2l/aC Apr 6c Sep al57% a!57% T% -1 14 Sep American Radiator & Stand Feb Feb Smelting & Refining Co American Tel & Tel Co May 20 May 9 5 5% 1,120 Feb 9% Feb Apr 3 100 2% May 3% 300 2%' 800 3% Aug 1% Sep 3% July 2% Jan 6% 415 1% 3,105 _• 100 Anaconda Armour & a61%a6T% River Raisin 1 Va 4% '4% 6 Aug 75c 1,440 4% 400 May 6% Aug <•' 4% 1,100 3% 4% Sep 4 Jun 7% Feb " 6»/4 - 600 952 3% May 3% Mar VjV, 7y« Jan 921 7% 4 3% 9% —2 Paper common———5 9% Tube 12% '1 B clasB Superior Tool <fe Die common, Bendix Aviation —5 Corp Jan Borden Borg-Warner Corp 5% July Canadian 4% Jan Case 9y4 Sep — 12% 12 Jun 10 a30V8 fed Ry Shirt Distributors—, Walker & Company class B Aircrait Screw Caterpillar * Co Tractor Service Co_^. 3 y4 100 3% Sep 4% Feb common '3% 320 3% Jun 4Vb Commonwealth 1-6% 425 16 May 21 ~2% 11% -625 10 May 14 Jan 16 14% May 16 Aug 1,500 2% 900 2% 2% ' 2 Jan 3,550 1% May a 2% Aug 2% Jan jan Angeles Stock Exchange Friday Week's Co— Edison Continental Motors Corp—l Continental Oil Co Zellerbach Range Shares Low (Par ■: High company. reirmtium Barker Bros Corp ' ■Low — —50 4%% preferred — 1 Sarnhart-Morrow Consolidated- •Berkey & Gay Furniture Co 1% Sep 5,700 3% Jan 24% 25 70 50% v 5% OK 18% May 50 Jan 51 55c 80 27 Aug Jan 55 55 300 9% 10% 8,545 1% 1 2 — 10 — Blue Diamond Corp 200 5% 1% 800 1% Sep 7% — ■<• Co 1 Corp 7% 200 6% 5 Dept Store Corp— Broadway 9% 10% 2,052 12% 9Ts * 1.00 Jap Preferred : — Corp— Steel Coneolidated com——* L2Q Corp Iron Fuel (& •Colorado Feb Feb Jun 10% Hep '2% Feb May b% Feb 12% 300 it 6% Jan 13 'Apr July , Industries Dresser Electrical Exeter /'Farmers Corp Co J td Gdrrett Merchants & Tele Corp & Nat'l Radio . 14% 14% 180 17% 17% Motors Corp Interlake Iron — Montgomery Ward Feb — ■Kaiser-Frazer 580 17% 90 21% Feb Pepsi-Cola Corp 13 -Apr 15% Feb Pullman *65c Sep 2.05 700 9,500 320 10 6% 250 8% 58% 747 28 y4 100 45% 120 105 126 105 12% 52% 26 " "Lincoln Petroleum Jah 239 Lockheed Aircraft Corp Mascot Oil Company ., , 3,000 '8% 8% — Feb __ Nordoh Corporation Ltd Aircraft Inc Nbrthrop . Occidental 13% 13% Corp— Oeeahlc Oil Co For footnotes see page 42. - 85 Jan 75 60 9% 20c 26c 5% 5% SVa 30 30 30 500 1.40 1.40 1.40 4,050 1 14% 30 7 125 38% July 12 Jan 26% July al4% a 2% May 3% Jan 17% Apr 12% Feb 11 3T0% 140 a5% 25 7 " Jun ' ' 26 4Va • • Jun Feb 45% July •' 'v.-' ; 31% Mar „ Jun 6V4 Feb 5 37 13 May 20 Feb 591 al7% al7% 35% May May 41% 55 h44% a447/8 31% 33 May 3Q% Feb 75 38)% 13% 209 13% 4 4 320 12 % &38 V2 a39% ; 3 42% Jan Sep 13% Sep May 5% Feb Sep " 235 10% Jun 13% Jan a28%a28% 110 28% Sep 36 Jan 11% 276 17% Feb a44%a45% 80 ; 9% May __ a8% 10 al9%al9% 25 a8% I 46% Aug 43% Apr 8% Jun 10% Feb 19% Aug 25% Jan 220 51 % 62% F*b 16 16 150 16 Sep 16% Sep 14% T4% 360 12 May 22 % ItD a7% a23%a23% a25'A a25V4 73 Jun 10% Feb 55% — . 55% a7% a23% 7% A pr 120 24 % May Peo 50 21% May 27% July 4% 4% 300 4% 22% 22% 111 22% .50 18 18 587 ' 18 a29 25 42% ■ 75 Oil 15,900 25 — a527/8 — 7% Sep Feb 30% Jan 26Va Feb •140 9% 14,700 - 70 • Btudebaker Corp & Texas Rights Texas Gulf Bulphut Co May 1.70 July 19 Jan May 95c l-2c Apr 3% Mar 95c Sep Tide Company 1.4® Jan n Apr 54% Jan a25% a25% 110 22% Apr IIIIIIII25 .25 7.111111—111-1 __ 8 195 7% Ma y 10% Feb 26% 685 23 y8 May 30% Feb 37% • Warner Bros Mar 17% Aug 253 152 37 31% May 31 y® May 35 37T2 May 44 73% 171 65% Feb 78% July 13% 150 13% Sep 15 y4 20% 21 523 16% May 25% Feb 33% 180 33% Sep 37% Jan __ 60% May 33% 30% Jun Feb 47 July Jan 53% 56 2,745 53% Sep 1% Ifff 29,943 1A Sep * 54 y4 54% 54 y4 140 47% Apr — 20% 420 18 y4 May 21% July Oil al02%al03% 138 93% IIIo 20% — 10 Pictures Inc-^,— Teleg Co class A_ 9% Feb Western Union 62% Feb a.05 Feb Westinghouse Electric Corp—— Wooiworth Co (F W) 5 • -12% 10 A Sep Sep Jan 93% Sep 27V3 Mar Jan 22% Sep Jan al9% a20% 10 21% 111 17% a4'4%a457/8 200 43 % May al3% a 14 75 13 % May 251/4 150 a27% a277/8 a45% a45% 100 22 % May 30% July 100 44% May 90 21% a 44 19 2 54y4 25 Va — —5 10 53% y8 Jan Aug 14 16 37% a28% a29:i/a 1% United Mar Feb 25% ' Union 14% 60% 28% July .25 — Carbide & Carbon Corp— Air Lines Inc United Aircraft Corp U S Rubber Co Jan 43% Aug 13% — __ — Water Assoc Jan 31c • Jun 5% Sep 37% 170 — Sep 30 360 73% 1* 25 Co— Feb 9% 42 y4 a527/a a53% a40a40'/8 15 Standard Oil 'Co Stone a— 16 -II Brands Inc— Standard Oil Co (Ind)_. (N J). & Webster Inc— . — Socony-Vacuum Oil Co . Southern Railway Co— Standard Sep May 8 America 9% 48c — Company— Corp of Radio 20% 1% 4% — Jan 70fc 449 9Vs 1 1,725 Feb Feb Jun ._1 * May 11 200 1% 85 1% —1. 3 % i.o® Feb 1,20 Sep 53 1% —1 — —— Petroleum Mar 28% 11% Aug 12% Aug 20% Feb 29 Pure Inc Jan 15% 1,358 1 Inc 24- 82 4 — Nhtiotaal City Lines, 20 a30 — —i— 5 535 1.25 —1 Co a23% a23% 13% __ ._1 Railroad Co—. Pennsylvania 65c 3,686 20% T.20 —1 1 — Menasco Manufacturing Merchants Petroleum Co 85c 87 %c 20% 1 May Jan Feb 110 15% May —— Jan 10 35% Co Car Motor Republic Steel Corp- 65 % Mar 13% May 250 Feb 9% Feb 85 82 Jan 11% Sep , 800 Feb 34. Jun 17% Co 24 550 30% * ■* —* —1 .10 Paramount Pictures Inc 10 Mhy 42% Packard 350 „ 7% May 20% 8% 93 11% a5% — Phelps Dodge Corp Jun 17 1.20 a35% a36% a29 16% Mar 3t% Feb 5% May 300 44% 305 20% . 63 Sep Jan 14% 65c 87%c 17% ;—i 34% Mar 54 23% -Jan 17% 11% Ma? -14 May 11% -10c Corp 34% Mat 30 ' „ 20 " Swift -Lane-Wells Company "9% May 25 7 a44% Oil Company 14% 28 V4 85 c 540 - Co— American North Ohio 21% May 57% 10c —1 1 15% 11% 3 „ *. & Co, Inc Aviation Inc. North American 12% May 17% May 20 '/a — Aug &3V/Ba3iya . 50 —6.66% Intercoast Petroleum Corp Sep 51 a29% a23% 7 * — Nash-Kelvinator Corp 2,520 :J* ^Hudson Motor Car Co — ; Hunt Foods Inc feommon 43% 46 % Mar 11% * — 26% .8% — 40 % May 130 a53%a53% * McNeill & Libby_— Libby Loew's Inc 17% 6% A common——*. 15 a50y8 a51% — of Canada—* — Corp Kennecott Copper 26 "320 44% Jan Corp Nickel Co Int'l Tel & Tel Corp 14 —1, 96 12% Corp—; Foods Public Utilities Corp 14 70c Cladding McBean & Co__—.— —*. Goodyear Tire & Rubber Co common^-* class 61% July -_2 LTD Hilton Hotels Corp ■ 25 56% Hep Bk__T0Q Corp (The) Hancock Oil Go 1 19% May 125 '4 1 . General Motors Corp common ,r 200 17% class A Farnsworth 21 59% 90c Inc Products Oil 21 57% 1 vCreaiperies df America, Inc . May Feb Feb 21 26 .— 78 24 -Apr 57% —20 Investment Central Feb 150 11% New Work 'Central RR Oil Chica Bolsa Sep 39% 1 High 1% 5% 50 r —10 common— Co. Electric International 5% 29% Sep 53 % 1 A Graham-Paige Range Since Jannary l% 1 Mar 32 a42'/8 a42VB —5 —1 Corp General for Week of Prices :* ,25 * 5 (Del)—; General Last Mfg Corp 22 — a ,1 —1 Vultee Aircraft Consolidated General Sales Bale Price STOCKS— 17% Aug 100 Feb 11 11 1 Products Los Oil Mar 15% July -7% Feb May 4% May a30''/a a30 Vb —* Commercial Solvents Corp 3% Class Basin 4? 10" 756 50 a51% 10 — & Electric Corp Columbia Gas Crown -ctuiUim 31% May 230 5 80 „ .25 Cttrciss-Wright Corp common-, Aireon 262 14 a!7al7% _25 Co Co (J I) 16 —1 -5 ; — Pacific .15 — 16% "3% 5 —* .—-J* 1 Timk en-Detroit Axle Wayne 34% Jan 13% 1,030 (The) Company Commonwealth & Southern Corp "Warner Jan 64% July a28% a28% al65/a -5 Co— Oil Barnsdall 3 y4 1 common 7% 7% —10 ivmuuiacttumg United 173 US6%a87% .13 Baldwin Locomotive Works— Cities Standard Jun 13% — -3 Apr 150ye a 1% Fen j9 '/4 4% 1 Products—: common Scotten-Dillop ou«ner Feb 5iy2 731 5 —5 —- _ _—— 16% 40 159% 34% .50 Copper Mining Co. Co (HI) Corporation 11% May 50 al3% al3% San CorpJ* Amer «% Feb 3% 4'/a 4% —* .1 jt,—— Metal (HW) May Stocks— 21 • 1% • 2% —1 Car ' Motor Chemical Rickel A5V8 Bep 180 6c Bethlehem Steel Corp Peninsular 4 4% 1.25 5c 25c G & S Chollar 200 4% 1.25 —1 Imperial Development Co Ltd 6 -1 7 Mig common McClanahan Oil common Park Bep f Jan • : Products————. Screw Packard 79% Feb 5V2c 10 Cons 3 -2 - McAieer • 103% 103% 1N 9% Sep 14% 100 5 Va 8% 8% ;_i ———... Stamping Masco 69 36% — Mining Stocks— Awjd Lahsing Inc Lines Air 69 6% Feb Toys Jan 250 15 y2 5'/a ._5 Mfg TLatsef-Frazer common Feb 24% July 103 % Hep 39% Jan 6 14 14 '14% -2% 1— Manufacturing Jan lo Steel Corp—; Oil Co States Unlisted Hall Feb 20% 100 Uelity Michigan Die Casting Brewing 19% 21% 5% May 9,14-5 —1 12 25 -* • Preferred cla-ss A__; Alaska Goebel Fen 12% Sep 9% Feb • —_ 12 2,424 United 5 Jan 11% Universal Cons 145 7% Mar 92% Julv " 16% 2% Feb 5% 8,445 11% Corporation 4% Feb 5V« Jan •5% Industries 12% 40 47 51% Mar 16% Western Gar "Wood 12% ~50c — Jun 4 1,000 '964 -2 Inc 1% Aug 300 ' *4% 1% 255 58% 19% Sep ; 2% Sep 1,055 4% —— — '35 43% ;57% 12'V4 • 1 Union Oil of California common Frankdnmuth Brew common 182 37% 43% 57% _* ^Transcontinental Ac Western Air lnc-5 Textron Transamerica —1 Detroit-Michigan Stove — "Detroit Steel rrodueui commoal. 37% -25 Jan 27% Apr , pfd class A Pacific Company 80 Calif Gas Co 6% standard Oil Co of Calif— Sunray Oil Corp- al3% • „ —„ 17% Jan 59 Feb 18 Va Feb 25% Aug Feb \ m THE (1284) COMMERCIAL" & FINANCIAL CHRONICLE Monday, September 29, 1947 • other stock exchanges RANGE Stock Friday Last Sale Price stocks— \ Par American Tel St Tel ——i— Baldwin Locomptive Wks v tc„_,. ' - Securities Corp Bankers common.: Budd C.o ■ " • American Stores -100 new com —— Low .*13 17 17% 100 10% Curtis Publishing Co———-—, dels ware Power & Light, , 112 9 May 15 295 56% Sep 62% July 12% Feb 24% Jan 9%. 10% 18% "■i Mills 8!/a Jan Jan 5% Jan 18 % May 17% Sep 7% Feb - Cons Vultee 22% Jan 1 5% July 9% 19% 24% 28% 29% Jan 115% Jan Cons Aug 21 Jan 30% Feb 55 17 May 22 % July i' Preferred ! *1 ; i, 10 July 49 ... 74% Feb 59% Sep 65 Jan Ewa Plantation Co— 3% jan 5 Apr 2% 312 '54% 54% 63 20 21 Va 593 20 21% 21% 50 18 Mar 35 35 50 26% 2% 54% • - Chemical Co 20% 10 —20 4% Fe b Sep Sep Galland Linen Service Sep 24% Jan General Metals 22 July 37% July Jun - FarnSworth & Radio Tele Alleghany Ludlum Steel———. 33% Columbia Gas Devonian Oil & Electric——. ——« 34 83 15% 25 11% 29 29 State Corp 1.65 Aug Sep 62 % 20 v, Apr 30 29 % - Apr 32% Apr 41 31v, ; July 'Jan ! Jan July V 1,25 — a 15% a A Sep 16 Jap Jap 32 May 32 Jan July 6 80 Mar ii- Aug 23 Jan 38 Va i 41% July 559 7 Va , •' Ftetr 'i 38 437 32 V, May 8,075 2.30 Aug 233 17% May , : Jan • may 60 , - 1.40 M&y 90 3% - t Sep ,"'3% Sep • 25% Aug :: - ■ __ 2 a5% 593 a5% 12% 12% common- 17 1 21% 6% 123 93 39% 3 May May Apr 1.20 Aug 500, 38% 21% ~ 102 107 1 7% 38% 3% '■ " !-t if Jan Jan 220 60 v+i 38% 38% common—.1 23% 32% 108 1,300 ~ 15% 60: 7 — 25% -41 1.25 al5% al57/a — • 17% Feb 11% May 1,707 104% 106 Va ■ 70'-' "42%'May 265 1167/a 116% 1.25 1 ..,.10 common ■S: 5 , 50 : May 4% Jan 100 12 V, 9 V, Feb ; •T e va- juiy : I - Sep 15 Jan Jan 05 y4 Feb :: May Ltd Co 58% 0 :— 21% 58% 734 28% Feb V 62 V* 20% — ,# 20% 400 19 21% 21% <■ preferred*".—. 120 25% 25% 24'/a 24% pfd—.—100 4 r/c 94 94% 70 9% 97/a 585 21 22 21 May 24% May 927 — — " 23 22 180 ;• s 29 High 32% May 13% May 5 10 24 20 May 100 Feb Feb 48% Jun 12 % July " • Inc Stores Bros Hawaiian R»ng« Since January 1 Low 15% —• -10 —■— Share*. 33% — Hale High 11% Blaw-Knox Co 30 — Greyhound Corp for Week of Prices Low Feb -63 Jap 56% ; 35% " 94 Jan 35 Sep Feb Jan Jun 9 Va July ;' 103% Mar 10% July r Sales Week's Range Sale Price * Sep " General Motors Golden 57c ^ ..^Jarivv 32 ' capital.—. -2% Corp * 14% a37y8a38v8 Golden State Co Ltd common Pittsburgh Stock Exchange Par 34% .—20 - — stocks— 25 30% 1 Convertible' 2nd Last 68 ___• General Paint Corp common Cumulative preferred Friday 100 al37/» al4% .' *' : common 54% 2% May 45% - - 250 • a40 44% • El Dorado Oil Works 1,431 251 - 1,459 * al37/a > Jan 50% May 4% •• a23 a40 * Mfg: Co— 99 2% j • 11 7 Sep 24% Apr 50% May ! Jar. Mar 8 •, v a28%a29% __2 — Emporium Capwell Co common—. Eureka Corp 1 487 Apr 240 Jun w 583/a * , Doernbecher Dow Jan4 Jan 6% May 6% Mar a22 % *._< Di Giorgio Fruit Corp class a com—'..5 Class b common.., 5 $3 cumulative preferred 46% 100 "400 31 192 / 1.40 * ... 2nd preferred Cypress Abbey Co 54% 60 7% • 4 v* 1.40 *. Corp*. 7% May 41% Mar 10 . ' Air 93 9 120 a53 Va a54V» ,————25 Chemical Ind class a— 36 .12 58% —3 % Commonwealth,Edison High Apr 6% May 10 7% 31 —2.50 common. Low 28% 100 29% July 120 465 59% 4% — 13% Westmoreland Coal—..-i,..-. 26% 15 19% 53 % 1 ... 316 27% Jan Jun ! Chrysler Corp new Clorox Chemical Co Jan 28% 9 *_5 United Gas Improvement 23 , -Feb 27 19% 46% ; Westmoreland Inc 50 . Feb 13 28 % 28 % • „ 4,934 118% 119 • — . - .2,406 Corp.—*—1.1 common - 5% 50 : - 18% 5% 23% 119 3 —, 4496 ' 3,282 - a 19 » 17% * Jan 220 7 va 7% Creameriea ot Amer inc common*—,1 Crown Zellerbach Corp common., .5 5% • 39% " ——5 > 4% 23 % 100 ... Cott) Cotton % Aug July 65% Feb - . " Packing Corp common—* Caterpillar Tractor cto common—> a53% Central Eureka. Mining Co common__l 1.40 9% May 4% May May • 5% California 75 17 40 .1 56 Jan 51% Jan 950 220 7% 150 135 1,407 ' 1,650 7% 220 385 • • common. preferred i__. California i 31% 5% 1 5% 1 Tacony-Palmyra Bridge— Class a participating Corp 6% part pfd—25 $3 i r . Rang* Since January 1' t ' -100 10%. 5% • common Paper common United Asso. 10,% 10% Transit Investmt " Natl 23% — Sun Oil Co——. California 59 * preferred Philco Corp common.: Oil of Calamba Sugar 22% 10 4.4% Dome - Bank Shares High 7% 7 v, 1 — 54'/a - Salt 47 Sep Bandini Petroleum • 30% r-2.50 57% — - Scott 18% 1,068- — • Imp Diesel Engine* 53% Pennroad Corp -j. —,—1 6 V PennsylvanHrPbwei: & Light—' 19% panncvlvbtila rr •' so Pennsylvania rr 150 • 18 PepBoys —.——1 Reading Co 6% May 565 19% i -20 57% -50 — preference Feb 11 3 Lehigh Coal |t Navigation. Lehigh Valley rr National bower .& LightJ $1 Sep National Bank—,. 54% 10 — ——. Philadelphia Electric Co 24 % 100 July 59% •19% Electric Gimbel Brothers r Atlas Feb. Feb 10% 9% 1,,,,;, 43% Storage Battery. General Mqtprs Corp 96 8 174% * Low . Calif Anglo Sales for Week of Prices Par 28% July 58% -2% f - May 149% Jun 16% May 70 - Range Sale Price stocks— High 23. Exchange Week'* Last • Low 1,171 100 Friday , . Range Since January 1 -200 157% 159% —50 26 ' Shares 25 va <■ SEPTEMBER San Francisco Stock . High 24 ys • 157% > --T-' Chrysler Corp ' ' ■ Sales for Week of Prices 247/s ENDING Exchange Week's Range ' WEEK FOR 21 0 Pineapple Co Hudson Hunt Motor Foods — 3.66% common a 22 1.05 —— m Co Car Ipc 21% 1.05 48% *> —III Development Holly 49% 17% 20 % — 470 - a 21 218 320 18 V, 150 20% 1.35 * May 15% May ' Jan 52 Apr 14 400 ■ 25% Feb May 39% Feb 30 29 Apr 17% 95c 2,100 - Feb Sep July 20V4 Feb 29 Jan 1.45 Feb ; ' P2 Mining Co Kaiser-Frazer Corp common..— —1 • Langendorf Utd Bk class A,— IXL Follansbee Steel —— 10 —... Fort Pitt Brewing—.— Harbison Walker Star Lone Gas —.. ; 9% 19% San Oil & Gas— United States Glass Vanadium Alloys 19 Va com tc— v 6 5% 15% 100 162 - 6 Sep 10% Jan 25% July 19% Jan 5% 2% Jan 5% Aug 7 July Lockheed Aircraft Corp 12% Sep 16"% Jan Lyons-Magnus class Br , Westinghouse »Air Brake—— Westinghouee plectrlc JSoisl,—. —12.50 ' ' 34% 200 9% Feb Menasco Mfg Co common—, 72 20c 25% Jun 14% Feb 43 July 36% July 30 % July 22% May National Auto Fibres common Natomas Company American Oil North Utd Oliver —,—— ,-10 Cons 5% Co. Established 1871 York Louis Stock New York Exchange Phone CEntral , Bell ..... preferred—— 1st Last i Service Public Paraffine common— American Inv common Range of Prices Low __l Bank Building & Equipment com Burkart Mfg common Co's common ... 10 Clinton Industries common.. Columbia Brewing common Electric Emerson Falstaff pfd Brewing General Electrtc 1 common General Motors common General common Blanke Service Electric «Fcr footnotes „ . * m* 1 145 25 74 75 31 class common common see 21% 356 58% 30% 32 16 % ,1319 .* ■ 7 "w32 5 15 , 110 28 44 Feb 139 37% Jan 53 44 Sen 6% May 10 July, 9 12 Feb May 141 350 Jun 7 Feb 170 21 Jan 28 Mar 300 15 July 18 Mar '7 v, 138 Sep ':»j52 ' •4240-' :-v40>. ' 4% Jun ~ 7... Sep 32 '■ Sep 13% May ''4<691'v,-. 33 May 4 41% 24 17 % July , Jan - May Mar 13 11 Feb 13 45% 15% Jan 10 503 15% 220 10% Jun 15% -Sep 12 Va 400 8 7% Jun 6 505 5% Sep 9'% Feb 39 39'/a 2,549 34% Jun 42 Va Jan 39% 40 911 38% May 41% Mar 36% 36% 521 35% Jan 38 Va Feb 55 55 Va 605 54 Apr 62% Feb 8 186 104 104'/a 102 v3 Apr 13% 333 12% Feb 27 27 150 26% Sep 100 100% 61 13% * 4 101 181 92 a43 Va a43% 45 69 720 69 Aug 26% 65 Feb 78 108 Apr Sep 18 Mar 10 14 Sep a74 a74 30 74 Aug 27% 27% 250 37% 37% 135 al3 al3 10 pesos Sears, Roebuck & Co capital Shell Union Oil common.——* Saundview Pulp Co new common 20 36% 28' —25 Water Associated Transatnerica Corp Jan 21% July 26 Jan 26% 263 269 25 '/a May 40% July 33% July 845 27% Aug 30 307/a May , V4 July 20o ? July 28 V* 160 28 % Sep 29% 30 Vo 210 29 Va Jun 32"% July 373/4 71 42% a22% 43% 90 75 .... -2 Apr 47 Jun 22% Sep : 15% Jan ' 1.25 Jun 9% May Feb a90c 4 60 3,403 ' 20 150 18%,Aug 19% 11% a -5 20% 1,280 18 Va May 22 11% 3,480 Jan 5 10% May 14% Jun 15% 16% al6% 16 ; 32 11% -10 Oil 40%.Mar 35 20 40 I 17 Va 57% Jun a90c 57% —— 36% July 459 Jun 1.05 Jan 51% Mar 62% July Feb July Sep Union > 47 30 3,4 all% all% Transcontinental Si Western Air. United : July 28% ^ a22% a22% 42% 1 —!—— Super Mold Corp capital- Jun May Feb 17 37 % 37% * Standard Oil Co of Cal Feb 9c Sep 25% 30 Va ' — Spiegel Inc common Spring Valley Co Ltd——- 22 % 12,200 30% — Sperry Corp 16% 15% May 20% May >625 12c Jan Apr 14% May 31 Sep 28% preferred preferred Cai Gas Co pfd ser a Pacific Co Tide 23 11c 28 V Feb 38 Calif Edison— Southern So • 13 5 Jan 27% Sep ' 22% 11c 27% Jan 93 18% May 35% Jan 18% —10 common-.*-—%--■9 Mining.— Feb Sep 50% 100 and w Fine Foods Inc..— Jan 39% Aug May 106% 18% Safeway Stores Inc 129 Feb 21 115 San Mauricio Feb 28 V, 160 33 common—— ; 15% July 106% 106% 32 Corp common 105 Jan a57% a58% 1 s Jan 5% 19% Bros Feb 27c 150 12 10 Oil 60c ;, Sep 30c 200 Richfield Feb 13% Jun 36 10% 314 Oil Co Union Sugar 7% 53 12 60 Feb , 12 -l —25 Southern 5% 14 1,205 260 4.48% 109 32 1,057 36 157/a 4.32% 109 • 12% 20% Feb 10 (i 14 Jan 15 6% May 18% Feb Aug Sep 139 12% Apr 157/a Feb July 18 % 500 20% 65% 81 16% Feb 3% 135 18 Va 36% 16 y4 16 v4 ■ 89% Aug 27% 5% 27 Sep 40 '/a Mar 14 1 • Jan 51% 50 38 12% com—'" Petroleum Co com Manufacturing Co, 26% May 400 100 30 Feb Apr 32 8v4 a—50 18 Jan 10% Feb 17% 32% 36 —100 39% Mar 113% May Sep Sep 8v1 18 Feb 42 41 ' Apr May 20 > 11% July 55 10% 5% Jan 14% May 7% Jan 25 1 s Feb 4% 11 1 Roos 85 109 28 16% Apr High 225 31% Apr • 20 13% Rheem 1 28% % 109 25 Investment common— Stix-Baer & Fuller Wagner 37v4 Jan. 13 Va May 111 110 57% * Cement preferred— Public Securities 28 30% 20 common Portland 1st 28 35% 5 common— 35% 10 4 common 7% 20 ___» Steel Louis 100 17 113 * : 15 "Mar 425 17 100 Laclede-Christy common— Rice-Stix 11 38 113 100 Key common St 100 v< 10% • ___* Knapp-Monarch common Missouri Aug 38 1 Hydraulic p Brick pfd Meyer 10% 10 Huttig s & d common Gas Jan 6% ;_5 common - Laclede 12% 300 l l_ Laclede 125 7 • common International Shoe 14 5 Griesedieck-Western Brewing Preferred Low 100 : (Un) (Un) Shoe High 17% 47.%' ;__i Sep 1.25 Republic Range Since January 7 t_i Century Electric Co common Aug v4 May 29% 38% July 10% — 100 ——rt Preferred 14 3 12 May Jan 10% 100 10 * Rayonier Incorp common.,: Shares 120 * — Preferred Sales for Week Par 1.55 33 33 110 • Corp common Pacific Western Oil Corp sl 593 Exchange Sale Price stocks— 100 29% 3 v.. Fee 34 V, 25 25 Railway Equip & Realty Co Ltd Week's 35% 33% Mar 10% May --y% 5 common Pac Tel & Tel common. 7600 Teletype ' f Co Preferred Friday 100 1.55 Philippine Long Dist Tel Co——p100 St. Louis Stock 100 • ^.5 25 common-— Elec & preferred 1st Exchange Chicago Board of Trade Exchange Associate Curb {/o Pacific Missouri Stock Chicago Stock Exch., Co Gas Pacific Lighting $5 dividend Members St. 135 3% • 30c 1st preferred—.— 6% New 37 13% 29% —_.t5 Pacific Coast Aggregates..— Pacific , 27% May al2% al2% — class b_——- Filters Sugar Plantation Can Pacific St. Louis Listed and Unlisted Securities 300 North 4th St., St. Louis 2, 5% May 226 35% " — 5,816 3% j *■ Pacific American Fisheries common.—5 & - 9 31 13 V, Occidental Petroleum Paauhau Edward d. Jones Jun 36% 13% 1 10 70c Jan Apr 27 Va May " 50 27% Jan 77/a Sep 33% Mar 619 35 Va 27% Macy (r h) & Co common —* Magnavox Co — —-——1 Marchant Calculating Machine ——5 10c " 600 8 — Feb 79c 31 9 — * Morrison Knndsen.. 38 34 Va : 1 Feb 22% 25 77/a 37 Feb 79c __ 10 : —v— 5 Sep VA May 17,542 23% 77/a - » 115 20c "23% 10 % Leslie Salt Co————— 42% 2% 80 9Va 14c 20c 23% 5% May 200 38 8% —•* . 650 2% 37% — 17% 300 550 27 Va Jan 7% May 19% Apr 1,860 14 5% 2% 1 ♦ 19% 13% —.1 Steel-. " • —1 Mining—.: Toy 9% 24% 5 10 Supply 100 27% 8% 24% Nat Fireproofing Corp 5 Pittsburgh Brewing common ...*.* Pittsburgh Plate Glass— .10 • Pittsburgh Screw & Bolt Corp.. Shamrock 26% * 1—40 Mackintosh-Hemphill Mountain Fuel 27% 1 — Refractories— — 141 10%'Jan 34% Mar 18 54 Jan July Air u s Steel of 21% 20 Apr 18% Aug 244 19 Aug 68% ———10 69% 816 36% 39% 1,350 9% 540 22 , ' Corp commoiw Victor Equipment Co common. 300 19% 20 19% Corp.—— Universal Consolidated OIL,— 702 20 19% Calif common Lines 62 May 24% Jan 39% 8% > Sep 8 Aug 11% Jan ~ 1 24% July Apr 23% 28 V, Apr 78 y4 Feb ; page 42. ' twtttttt « v * * p « 1* 4 & rffff "t .WMMMMnHfMMMUMWttmMUMIIIIW Volume 166 -Number 4633 ;,/ THE & FINANCIAL COMMERCIAL CHRONICLE (1285) 37 OTHER STOCK' EXCHANGES RANQF Friday Week's Last Range of Prices Shares Par ,-Walalua Agricultural Co Yellow Cab Cb Unlisted — Cement pfd_ American i> Factors Power —♦ Ltd capital Light: & a28% .. —20 ' Corp .100 a!57% Bendix ; ——14 .50 — Bunker Hill a857/a Commonwealth: & ! 69 16% May 77/a May 24% Feb 2% Jan 3,784 3% Apr 5% 32 40% Jun 40% Jun a ,10% 10 15% 15% a 10% a44% _ 54% 33 33 33 113 26 Jan 11% 411 "10'/a Apr 12 ; _V_« a23% a237/a 45 ' 3 3 898 317 21 .15 a45% Crucible —* a27 Va a27 Va 1 Amer„ 21% May 2% May " "3 a24% a25 Va a45% 7"' 49 38% Apr 24 Va Jun " 45 835 17% May 12 May 22 a8 a8% Co alO III curtiss-wright Corp : Dominguez Oil Co___ j, Kodak Co-il 50 5% common.— Inc 25% 1 _5 2G% 1,225 114 al2 al2% 65 al2 50 •, Feb 21% Mav 22% 825 23'a 2% 125 17% 47 Va class General Electric Cot. 95 25 21% May a7% lio • 16% Cement- 11 26% Goodyear Tire & Rubber 745 90 a53yfl a55% a53% 60 44% common 44% common. 45% 3% 32% May 39% Jun 39% 3% Tel & Tel 50 7 60% Jun 2.80 3% May 36 100 2.80 700 a277/a 28% 5 44 Feb 14 May 35 Sep 16% July 14 Mar 17 --229 37 V\ 371/4 ___25 stocks— 260 United { Last- preferred preferred $2.50 .' Corp of Del 20 Algoma Steel common 1 1 Petroleum Preferred Sep 36 % Jan 9% May -17% Feb Woolworth 28 Vs • •» Western Air Lines Inc _• FOB LISTED WEEK ENDING (F W) Can 4% ./Argus.Corp Ltd pfd___ .25 Asbbstos Corp ~- forWeek - Shane Low 96 July 20 550 20 .-Sep- 104 104% 45 9% 9ya 14% May 17 % May 21% 38 % 857 204 208% 22% 315 27 ,192 695 52 52 .7 375 50c 50c 26 y4 27 Jan 51% Aug 6% May 81 26% Jan Mar 26 Va 74 7 50c Pow & Pap class A_ 350 Righ.tS . . British • v Trac Light & 50c Jun Power___^ • Bank Note , ;-,-4% 21% 20% Ferest Products - ■ Silk Mills___™ 21% -4 Foundries Dominion Glass v7% Feb 106 3% 26% _• ' Dry Dock Co Ltd class A 41 214 100 20% Jan -3% 3% 3,385 8% Apr 26% 27 825 2% 60 21 29% 29% 8% 20 25% July 2ya Jun .21 125 20 30 575 28 8% 100 • 8% Aug ;May Sep 9% Feb 2 Jan Z ; • Canada Northern Power Corp— | f * CUnakia Safeway "Ltd/4% % 18% 18 _* 10 18% 30 • /30 565 Eddy Raper 5% 23% 3% 5% Co 10 10 101 20 5 Feb 1 < 8% Sep #31% Sep 11% 101 ./'Canada common... Wire & Cable class-B___ \y. Canadian Breweriea f |; Rights ■ / < • Corp —2.. — /»> Class A ' ' 95 15 • 330 13 22% 22% 22% 22% 23 %c 26c 113,520 Aug 50 Apr 22% 22% - 17% 19 6,500 ,24c Aug 41 "" Sep Sep 19c 12 % 12%' 415 12 16% 220 16% May '23 % 23 23% Ffeb Jan Shares Range Since Jansary 1 LOW 32< ' 38. 7 200 : 28 >1 f 30 // Sep ,17 Mar July Jan Feb Jun \ 23 Jan. 36 Jan 36% May 12% May 696 13% 37 14 ;> . 251 ; 19 30% 1,02$ , High - 14 % May * 1,935 I81/4 26% Feb 23 12 27V4 185 25% Jan 30% May 27 850 25% Jan 30 94 , 21 Vat May Jan May 225 . 23 Sep 201 .361 23'% 94i% 183% 183% '92 / Jan 180 Mar 185 106% May 26 Feb •loo % Mar Jun 75 102 July 20 20V4 175 20 Feb 29 30% 2,165 17 Jan 30% Sep 19% 19% 200 19% Jun 21 Jan 16% 167/a 50 17%.-, ,17% 17% 4,275 1021% 102% 102V« : X30 16% Corp—T—-• u, " 21 15% May May 18% July preferred a. 5 25 17 110 19% Feb 26 23 19 Jan 110 125 109 Feb 20V4 July 111V2 May 111Va 111'% 25 110 Jan 111% May 4 Va 225 110 __ 4»%- - Apr 3% May 14% 14% 14% 14% 307. 105 105 105 65 105 531% 53% 280 100 Goodyear Tire 4% pfd inc 1927 Gypsum Lime & Alabastine— 23 19 - —* • — 16% Aug July 23 23 * ——-—--•——r-100 100 5% Jan Sep 18% Jan Apr 108 V2 Feb 53 Jan Jan July 14 14 55'/4 14 195 13 May 1R% 26 27 440 24 July 297/a 53 50 —* • Howard $mith $2 preferred • ' f ' . ( * 50 ' ' ' " ' l.* ' • ' 53 60 50 Apr 53% Feb 40'A Apr 45% Feb 12% Jan 15% July 15% Apr 42'/a 385 43 ' Feb h ' Imperial Oil: Ltd * -Imperial Tobacco- of Canada common_5 6 % preferred —£1 Industrial Accep Corp class A_ * 5% preferred _^___—_100 13%' ' . 131/2 14 Va 14 14 14% 527 v13% Jan 7% — - 27 43" • ■ ' / ■v •' I Jan Aug Feb common—: Hudson Bay Mining & Smelting Jan Jun Paper •7% 7% 1,340 7% Apr 4,045 Jun 37 38 397 30% Jan ,39.1/4 Jun 103% 105 30 103% Sep 106 27 . — 8% 37 i03% ——-—— 27 116 Jun 28 Feb- Mar Intercolonial Coal 27 Feb International Bronze 29c Sep 6% preferred 100 common-— ■'* common of ... Canada 24 125 24 355/a 36 50 32% 32Va 33V2 2,202 56% 53% 25 : ____^ Nickel • 20 23% Jun 26 Mar Jan 35% Apr 38 V2 Jan 32 Sep 37% Feb 41 May Feb 59 469 56 Sep Apr 40 67% Feb 40 International 5 39 24 24 Va Aug 42% Jan International Power Canadian Converters class B 130 24 Jun ,_* 25 12 12 May International Utilities 20 12 May 14 Mar .y 31% • 13 y2 •> i f common—: series series Foreign Canadian Ind 1 ' preferred— 25 $1.75 $1.00. ► < 13% 27%"27 com Sep 14% 13% — Power International 16% 12% 13 bAV* * Canada ^^__25 < Investment Alcohol class A ;Clas«> B Canadian Cockshutt * 57 Locomotive * Railway Mining & Smelting Consumers Glass ! 31 55 30 13% 85 13% 100 11% May 11% Apr see page 42. Jan International Paper common—; Petroleum Co Ltd Apr 24 13 Va 13% 11 24% 13% 155 2,452 11% 84 40 165 84% 1,213 40 40 22% Apr 11% May Public Feb 16 Va Jan Lake 16 Jun Lang & Sons Ltd Labatt Limited 37 15% of the Bros (John) Woods . 100 57 Sep 12% May 16% Feb 39 Sep 45 Jan May 13% Feb Jan 141/4 Aug 12% 510 10 13 375 11% 24% 24% 250 23% May 26V2 Mar 33 33 115 33 Sep 36 19% 19% 25 19% Apr 21% Feb 15 15% 885 14% Sep 16 % Feb 151% 15V4 15% 25% 25V2 26 784 23% Jan 30 Jnlv 15 16 345 13% Jun 20 Feb 36 36 2S'0 34% Jan 40 Va July • _* 2,066 12 • 1 9,567 13V4 39% 12% 12% • — 5.7 12% 39 Va 12% IB Ltd———* common . 151/2 . Jan Jan Feb Sep 14% Feb Massey-Harris McColi-Frontenac Oil 89% Feb Mitchell 40 43 Feb Moison's Sep • Corn (John A). Ltd— 78% May 11% IB • Service 38% Lewis 24 11% * 31% 13% 25 _5 19% Jamaica * Plow Consolidated For footnotes 57 13% • Canadian Pacific : 42 22% 20 ''Canadian Celanese H •'*- . 13% 37% 27% 20 —1: —-—<— Canadian i • 13% 42 » • Canadian Car & Foundry common * 13% 50 : May May • . IIV- Canada Steamship ] {/ * 5% preferred 7 44 for Week 29% 37% 100 pfd! A General Steel'Wares common Jan Feb Jan 8% July 100% 15% r-^———* General Bakeries Ltd . Jan 130 355 100% pfd—_100 50 High 15 Va 196 pfd^__ — class preferred 5%% 29 23% Sep 30V4 Jul* 529 18% 18 94 ———T Players Gatineau Sep Jan 32% May Apr 25 Sales Week's Range of Prices 29% * 23% Foundation CO of Canada^'-: 23% May *% Feb 29 Vi I 45% 30% common " Famous 1 -191 vwpebi 17 355 < 1 Sep 7% 6V4 May a8V2 15% . common--'* — -preferred Electrolux , ' ___i._100 July 5y2 Jan 31 • . Dryden Paper •____——'—— - / "Canada Cement common. ; >' $1,30 ^preferred Feb 60c Jan Low Steel——t/J/* preferred-'-—J20 Chemical & Bros, Ltd 52% Mar Feb Sep; Hep May Jun 3% May 50 a7% 45 Vk & Donnacona Paper 4%% Donohue Feb Feb -4% 25c 1,190 14 17ya r* V/o July 27% 30% 166 y2 13%" Sep 370 5»/a 23% 18% 25 Tar -Red preferred Dominion Textile Sep 23% 1,495 145 40c 12 Friday —25 Dominion Steel & Coal class B Dominion Voting trust' ctfs Aug May 2,653 * 18 Va - * Feb 9Va > May 22 . Jan 708 Sale Price Dominion'Stores Ltd , 23% Mar 19 37,593 - 20% 28 t; -Building Prodpcts Burrard 255 5% 4%* 4 Class B y Bruck 21% ,166y2.172ya 20% Co..—* British Columbia Power Corp class A_* / 166% Jan 4% a8l/2 •-* Dominion Jun 26 2% American Bniash Columbia , --■£»* _ Brazilian . 20% 100 i Sep 4Ve May 28ya 45% * Dominion Bridge— , Bathurst / Bell Telephone 23 y4 2'/2 May 3 1,200 28 —* 1 Feb 22 43% , 103% May 9% Se p 10 37 - 647/a July 2is« Sep Sep May . 26 '. Dominion Coal 6c/o 'preferred-- ; 27 1 1U Sep 17 MARKETS SEPTEMBER < 15 4,936 . " High ; 2,435 -50 ;; -SaiwtfBliiee January 1 20 common__-i™ __— f - 3 V4 a7% Par 37 27 -I-— Warrants r pfd____ 53 % a23 % a24 Va __ 10 common Distillers Seagrams 37 204 Co. of Anglo Can Tel. Co 4y2% Jan 5 Last 19% 37 36 Vt Jun ^ 36c 5% 1 STOCKS— 37 20 ; Feb 200" 27/a" 13% __ 36c 1 — Union Teleg class'A! 1* Westinghouse Electric Corp com: 12 Va Willys-Overland - Motors common il 15% 20 i 24 Va 32 321 3ya - 1 common- Feb High : 16% Mar 16% May - 78% Aug Jun July Sales of Prices Low 39% Mar 35 14,625 -2% . Range ■ 36% July 11,965 2V4 22% 3% Warner Bros Pictures. Jan 19% .. Aluminium Ltd Aluminum - • 56% 1-14 1 Feb 63% Mar 150? - 22% ——_5 3v2 16% 20 i ^Acadia*Atlantic Sugar A— • b% preferred ,100 Aguew-Surpass Shoe: new common..:* il -" Par .VAbitibI Pdwer> & Paper corn- $1.50 1 53% —5 Utah-Idaho Sugar Co Exckange Week's Sale Price h - h- t 53% --400 - July , 34 ya Jun 28% 50 343 - Apr 30% 350 337/a Canadian Fund* Friday ; 20 ... a28% a28% 33% 8% Jan RANGE •' 25% 252 _25 Feb CANADIAN Montreal Stock Aug Feb 1,045 Swift Feb ,5% May I 2.80 95 11% a 10% 18% 16 37% Westerh Co 40% 14% May a31% a31% a3l% 1 International 40% Aug 35 207/a Feb 50% Aug 250 7 Idaho Maryland Mines Corp International Nickel Co Canada_ 80 , Feb Feb 15% in 39 Va Aug 55 Va Sep 43 175 - a40Va a40 % Great Northern Ry non cum pfd Holly Oil Co Feb 15% 30% ! . 20 y4 Westates Grahara-Palge Motors 10% Sep " May 315 16% ! " 37% a38 Va a39% General Food COrp "™_: L_; Goodrich (B F)' Co common 23 35 15% 25 Corp__ 10% 449 Mar 15% • 15 Texas Company common— 58 V 28% July -18% -• capital Jan 7% May 735 - a40 a40ya 16% __50 —— 250 a8 10% 26% A—_ common™. ' 37 % Feb 33% July 427/a Aug a25 Va a25'/a common— Aircraft 26% 25% _1 United Jan lf% Sep 37% May 54% Jan 74% - Jan 4'A 670 74% Co 30% Sep 470 .25 & Sep 2% 29% a77/a 1 Feb 21% 42% -1 Feb 15 . -912 - J Sep July 7% Sep a52 Va a53% a53% 6% 20 9% May 28 25 Jan \ 4% 55 18 Standard Oil Co of N J—Z Sep July 16 670 42% < Studebaker Corp Feb 27 43% Sep Jan 22 V'2 17% Southern California Gas Co 6% pfd__* * Standard Brands Inc i__;— _• -Feb - 6% 10% May Jun 13 4% ' — Portland Cruz Bo Car Ed Ltd : " "i'4Va May 4 50 a9% > 12 100 4% -33 %o <— Sinclair: Oil Corp Socony-Vacuum Oil v 467/a Aug . Feb 27 Va July a9% 22% Feb Apr 5% 1 Mines——— Cons 22 24 18% • V 22% Mar Feb Ill - . Jah Feb ; . ' Feb 5% 4% 2.50 19% 22% 70 2.50 Sep May 10% 18% • Airways—-— Feb - 32% r25 - 64 May a25 __ Feb 7% Mar Apr 7 a20 10 com Feb 23c Jun 24% May 14 May 2 - - al97/a a25 J Utah Santa v Sep 36% 7% May 820 a433/a a43% Electric Bond.-de Share Co_J. t . 5% j Eastman . 5% alO 95 • a23% a23% v Publishing 468 - - a20 i . 29% Feb 44 y2 Co Riverside Cement Co 26% Aug 3% Jan Jun 14 147/a .20 — Motor Corp of Anierica— Radio Keith Orpheum — Republic Steel Corp common™. Reynolds Tobacco class B___— July July 24% May > 50c 135 21% a23% Radio Jan 39 11% a23% ._ Southern.-^.™ Co1- of 9%'May 42%. May 11% — 700 - Pure Oil Co common—-—— 16% July M4% Feo 602 320 a44% a45% 50 22 * common— Portland Cement Pullman 18% Mar 15% Sep 60 1 10% May Co Pennsylvania >RR Co__. Pepsi Cola Co Phelps Dodge Corp Feb a4l% a42Va 16% 16% ._ 459 57c Feb 26 Va May G'A 49% 25% Feb Aug 15c 't 91%" Mar 3% 16 55% __ 100 cap Park Feb 1,000 150 .14%' >14% .- ______10 common- Paramount Pictures common Feb 16% 38% " Oil Pan American 28 a477/e a47% Steel Feb 125 .15 Curtis 7% "78% May Co Packard 134 101 American Pacific Jan 210 Consolidated Natural Gas 'Co Continental Oil CO (Del)—V... ' 96y2 Sep 8,000 7% alG'/a al6% ■ 1 Olaa Sugar Co 25% July 1% Aviation Ohio 15% Mar * 608 21c 50c _• RR capital—— American Northern Pacific Railway Fen May May 100 Central 17 Va 44 y4 July • Va Aug 55% • Y 19 17% . 5 <-— S N Aug 41% May 230 ___ 49 17 3% Jun 20c 20C pfd ._10 8% High Sep 43% ' • 7% i<—1 _____ Cement North al_. 13 l'/a 41 -418 .. 20 17% 17% cons North > 25% July 4% May 9 200 a85% a87% Consolidated Edison Co of ,N Y__ 5 10 3% Ginger Ale—— Canadian Pacific Railway ' ... ___ 28 % May 31 y2 May M & Portland National Distillers Prod. 62% Aug 13 Cities Service Co commot—_• v a__ 125 l'/a & Nash-Kelvinator Corp 174% Feb 17 Canada Dry Columbia Ga3 & Elect Commercial Solvents <»; 75 * 8ullivan___i__. / .Chesapeake & Ohio RR~ Feb a30% n30% :_ ... & Feb 610 .. - •Borden Co Feb 17 M.l\ 20 Navigation Co M J Mountain City Copper 16% 13% common.. Corp; ; Oay Furniture Co__ Berk6y & ; 302 1,014 4% Low 125 -— 35 a80% a82% a23% a 23% 47/a — Range Since January 1 High a42% a43% a43% a457/a Montgomery Ward & Co—™_ a— ___ 11% May 53% May 151 May 160 13% Shares Low a42% — Matson May 26% May 9V2 May 15 280 •4% Bethlehem Steel common.— Blair & Co Inc capital— ■ 100 44 13% 67c Apr a__ 497 a343/a a35 '/a a81% »_ 62c - . for Week Aug 10% a 44 a34% * Locomotive- * Jan 13 % 365 a49 Va a49% 44 Aviation - 34'/a Apr Monolith al57%al59'/2 ; ... Baltimore & Ohio HR •Sep 9 100 13%' a593/a a62% Mining Manufacturing Baldwin 23 Kennecott Copper Corp Loew's Inc . 13% ™. ■ Atlas " 100 9Q alO% San Armour & Co (111) __t Atchison Topeka <Sc Santa Fe Avco I OQ Refining.. Viscose Corp Copper 330 200 - a28 Va a29% ' 29 American Woolen Co Gom___ Anaconda '. 63c S Amer r 12Va 63c 2«2% May Sales Range Par Johns-Manville Corp—— Feb Jan 37% M American Smeltingj & American Tel & Tel Co ■ 12% ' " 27% Jun ♦ 5 23% __ 1 1 American Radiator & Std ? 23% Week's of Prices Sale Price High LOW -250 - 296%.296% .23% __10 Friday 'Last STOCKS— Range Since January 1 High 35%- Securities- Air Reduction Co American -1. . .^1 common Yosemite Portland __ -100 West Indies Sugar common,-,-..! , Low 35% r --<20 Wells Fargo Bank & SEPTEMBER 2G Sales for Week Sale Price STOCKS— WEEK ENDING FOR (Robert) Breweries 36 1,043 14% May 21% Feb u-jf 38 COMMERCIAL THE (1286) & FINANCIAL CHRONICLE CANADIAN RANGE Friday Week's Last Par Montreal Cottons High LOW 12% 12% 337 40% —25 Week's Last 40% 50 40 Aug Low 15% 430 15 Sep Motor Co of "Canada class A— Ford Feb 14 for Week Shares High 12% Mar Sales Range STOCKS— Range Since January l * 12% — 26 Friday Shares 15 common. MARKETS SEPTEMBER for Week of Prices •Low . ENDING Sales Range SmiePrlM STOCKS* LISTED WEEK FOR Monday, September 29, 1947 Fraser 41% May Range Sbtee January 1 Low High High May 20 fclL* 20 65 20 Jan 23 50% 49% 50% 1,084 42 rMay 55 Feb 18 Companies 17% 18 3,054 13% May •18 Sep — 44% 45 252 44% 47% Jun • Montreal Locomotive Works Lakes Great Feb 22% A Class 'Montreal Murphy —40 Telegraph Montreal 50 preferred 50 13 49% Jun .51 31 Jan 40 Jan Hendershot 23 150 24 Jan Horner Ltd new cor ft1 - 50% July 33 .22% 22% 50 33 100 Tramways Paint Co — Paper Co 21 May Paper (Products. (Frank W) class A Ltd « National Steel Car Dorp Wire Weaving 22»/4 "~~e Naranda Mine* Ltd 1% Car Lt Ht 794 22 22% 580 23% 25 43 43% -27% 27% 27% 42 ,21% 23 26% 53 Jan 29 Jan Rwys & 189 _•* • old—. Power 189 203 7% 8% 8% 4,685 Jan 190 Ltd 8% •4% May t80 10 75 July 85 25 15 Feb 18 May 30 66 130 33 Feb 25 65 Mar 18% .18% 19 1,220 16 jran 37 36 V* 37% 220 34 Jan • •12% 12% 12% .750 10 y4 May 15 1,966 50% May 100% Mar • 60 59 60% preferred Corporation common Mount Royal 101 101 30 103 Feb 6% 14 150 13% Sep 17 Jan 19 18% 19 166 18 Aug 20% Jan 12% 12% 12% 50 12 Sep 17 104 * 104 19 1,715 Apr 106 19 30% May 48 5 32 July 35 St Lawrence Paper >G% pfd 100 Shawinigan Water & Power com :* Series A 4% preferred .50 •Sherwin Williams of Canada pom ■•■• 135 134 136 265 116 Jan 137 21% 22 1,444 49% 49% 400 28% 29 465 25 Jun 175 175 45 170 Jan 14 . flicks Breweries common Press 14 y2 13% 14 104 5 >• 17% 17% 140 Co 1% .preferred * v'. Cotton preferred 12% -Apr Service 17% United 18 90 76 July 82 May 115 79 July 89 180 y8 Sep 100 18% Mar 7% 9% Sep 8% 325 10 7% May 77 77 24% 24% 25 25 35 26% 27 250 21% 35 16% 335 13 Jan 35 35% 105 35 May 27 92 Arno Mines Ltd Beatrice Red -Lake Beaulieu Yellowknife Bob's Sep 31 Feb Brazil 20% May 23 22 26% 26% 27 596 25 % 35 35% 903 34 Apr July 28 35 39 22% 23 2,105 22 Apr 25 Week's Gold Range May Low .* B n * common—* Ltd Ltd Low <8% 9% 220 n ny4 1,135 e 100 9 9% •8 1.50 2,500 23 23 Jan 9 24% * A 13% 13% 6 62 260 5% 5,518 61% 5 4Y8 100 91% 91% 93 14% 14 14% 285 • 20% 21 183 110 111 100 13 13 25 97% 97% 5 14% ' :* Claude Neon Co A * * Consolidated Div common Standard Sec "-Consolidated Textile Mills pfd David & Frere Limitee class Steel Products Ltd— 43 Mines Ltd- 67 . 9% 8% e 16c 12 %c Jun 30c Jan 22c 11,800 14c Sep 44c Jan 5c Jun 15c 89c Sep Sep 25 V4 c Sep 43c 14c 10c 43c Ltd 16,500 48c 4,700 14c 25 %c 20c 137,500 - 27%c Jun 5c Sep 11c Mine 11c 500 6c July 11c 3c Corp. Gold H j • • 3c 2,000 2c Sep 7c ; ( J Sep Jan, j i 86c 87c 1,500 86c Sep 87c Sep j 6c 6%c 2,000 4c July 8c Sep j 20c Mines 21c 3,500 15c Apr 28c Sep 10,000 13o Aug 44c Feb 19,000 9c Aug 32c Jan , Ltd- ■ Jan. 14% 20% 109 13 Jan 15c 33 j 97% Sep 185 3% 3y2 128 3 May 104 104 1 100 tJun 2 16 10 26% 75 25 33 100 26 9 38 6 6 135 39c Jan 1 24% 735 25 Sep • | 18% Jan ! Sep Sep ; 4.65 Jan Gold Sol 336 30c 114 49 828 9 17% 17% 17% 75 80c 80c 90c 1,625 56c Sep Aug 92c Feb | '5c Apr 97/ac Feb 1.1 80c May Jun Apr May j 1.15 1,100 33c 39c 43,900 18c May 45c Sep 30c 30c 2,000 25c July 95e Feb 15,500 . Gold May 14 " ' Feb 9 %c Jun 4c 500 2c Mar 5c 5 V2 c 6 %c 11,500 5c May 13c Jan 47c 48c 3,500 33c May 90c Jan 4c 6c J&", 8.50 May Feb Jan 70c July 10c lie 12,000 1.60 1.65 2,700 1.35 Aug 3.55 Feb 2.85 2.75 2.95 1,975 2.27 July 4.80 Jan £'.25 8.00 8.25 500 1.09 ,1.05 lJlO 12,950 1.02 Jun 1.20 1.45 iv ---g —s — 137/8 500 10c M -SK. 150 75c 1.45 1.50 650 1.35 May 2.05 11c 4,000 2.35 600 t , Ltd- 13 15% 75c 16 16 ^ 4|g'*" Ltd—— 100 15% 75c 2.30 J%; ; Ltd__ Mines , ■ 10c Mines Ltd, ; 16 Feb I61/4 Jun 1.28 7%c Jun Feb Feb 22c - 8.00 May, 5c Aug 16 V4 10 July • 1.82 May Janr " Feb Jan 12c Jan 2.65 Jan , Feb Ltd Mines 18c 18c 1,000 Mm:' 87c 87c 5,000 10 c 2,500 " - 7c — ft ¥97c May 21c Feb 10c Sep 23c Jan 8c May Sep 27c 87c 9c 1,000 ■' llc Co Ltd—1 Mining 1,500 11c Ltd-—MMjr 10%c — •Pen-Rey Gold Mines Ltd Perron -Gold Mines Ltd—: Gold 10c 10% c Tic TOc Cadallic -Gold Mines Paramaque 110 Sep 3% 28c July Ltd. Aug 4% May 5c Mines Ltd. Gold Mines Ltd (Pandora Feb 190 10c 500 Apr 15 May - Jan 1.23 Jan 18c Fjpb '• Feb Feb 30% Feb 36 % Quebec Manganese Apr M;: ; ^Quebec .rYellowknife Gold Red Gold Mines Crest — 73c 41,800 58c Aug 73c Sep 10c 11 %c •10,700 10c Sep 25c Mar 8c 1,300 5c Jun 9c Jan 19c 71c '73c Mines Ltd-^gt? ;s Ltd-:.— 8c 8c 55c Jun 12c May 60c 100 40c May 3.10 5,400 50c 50c 1,200 17 c. -1— Mines Ltd—-. ,34V2c Feb 60c Aug 5<35 2.10 Jan Feb Sep 55 Sherritt-Gordon 6,500 •60c 2.90 5( Mines .Senator-Rouyn Ltd 5% July • Siscoe 50c Gold Mines Ltd 48c 67 %c Aug 8c Soma-Duvernay Gold Mines Ltd Mines 1944 Ltd 17 19% Jan 10% Mar July 18% Feb Vinray Malartic Sep 2% Apr Westville Mines 8c 1,000 7c Sep 19c 60 %c 66c 7,108 50c May Apr 2.15 2.10 2.20 2,800 70c 39 39 25 36% Apr 38% 38% 5% July 42 % May 75 36 18 18% 2,450 4% Mar ;1 (Sullivan Cons Mines Ltd— Oil >— 35c 7%c — 5%c — ^Calgary & Feb Consol 20 Feb 8% May 12 Jan O'Kalty 75 1,275 2 Sep 15 Fleet Mfg & Aircraft 50 • May 650 2 May 3% May 61 47/8 Jan Feb 5,000 Sep 5c ' Ja,n •4i%c- Sep Aug 20c July 14c 4%c Aug Feb Homestead J Oils 2.50 200 17c 71,500 12c Sep 6lc Jun 54c 2,500 40c May 75c Jan 63c 2,000 60c Co Ltd— Co Ltd ^— 7c- 12c 51;000 9c Sep 7c 7%c 7,000 7c Sep 17% 17% 30 14% Jan 2.35 July Sep 9c — Exploration Royalite Oil 1.90 May 2.65 July 12c Ltd— 60c Oils Omnitrans JPacalta Oil Co • 53c Gaspe Oil Ventures Ltd 51 53,500 6c 2.50 Edmonton 'Corp Ltd 40 9% 2,000 7%c • 35c Jan Stocks— Apr 2% 35c 7c 5%c 2 80 1.70 Mav • 14% May 51 *' Jan 78c Thurbois 17 — 8c 62c Feb 14% May 8% Jan Sep , Sep 500 6c 6c 1 /•;. Mines Normetal Mining Corp Ltd ,O'Brien 12% 12c 6c , Lake Mines Ltd-,— Mines 375 12c 4L Ltd Mines Gold 12c 12V4c 1.99 May , - 3% j ' 6c 43;; Mining Corp of-Canada Nechi Cons Dredging 16% Feb 5% 25 Feb 19c 1.00 Ltd Consolidated Macdonald Jun 5% 2% Mines Malartic Gold Mines Ltd Stadacona 50 25c 2.60 Aug July 5c Louvicourt Goldfields Jun 5 2 4,500 109,300 39c Lake Gold Mines Ltd.. Gold Santiago 6,858 42c 26 %c 30 %c Lingside Gold Mines Sep 6 55c 9 Jan 28c Ltd Addison Gold Mines Ltd 6 52% 15 Apr 7,500 55,300 j 2.74 May ! 3.50 Gold Lake 1.60 Aug 1.39 1j10 Sep 5 173/4, Mines - 3.25 Gold Mines Ltd Shore Feb 50 2 May Jan Kerr 3% 50c 2ya 19c 28c Lingman Lake Gold Mines Ltd 154% 5 9% 2,125 47c Lake Mar 52% 18% 24c Aug Sep Feb 2% Aug * * J May July Feb 25 1.75 May 10 Sep 33 15 jj Sep 11c 12c Pitt 26% 17% Feb Jan 8c 21c 15,000 35c Jan 99 % Mar 2,500 ibo 17% '! 60c 25c 8,500 20,700 8c 1.05 Feb 15 % Sep 24 23/4 * 16%c Apr 9c 21c 23V2c 74c (Hugh Feb 112% Jan 146 • a&d Mines Ltd 9 %C. 6,500 Hudson-Rand 23% May Jun July 2 — Hollinger Consolidated; Gold , 5% July 94% July May 2% « Sep 10c Mines Ltd Goldvue Mines Ltd Jun 64 2% May 9% page 42. Jan 3.00 13% May 1 For footnotes see Feb 26c 4,500 Jan 14 142 * 12% *' 16 21 • Limited— 7c Aug 4,100 God's Feb 27 5 Aircraft Aug 14c 20c Found Mar Sep Fanny Farmer Candy Shops Inc Fairchlld Gold Formaque Gold Mines Ltd 7 T3% May 5% Sep 262 20 B -,3c 1,500 •f~ 500 14C Ltd. 1,500 39c Joliet-Quebec 230 2% 'Dominion Oilcloth & Linoleum Co Ltd-* 'Dominion Square Corp * 'Donnacona Paper Co Ltd • 'Eastern H. com—* 5% cumulative preferred— Cub Aircraft Corp Ltd 31%c Feb Jun 11,000 16c .1,12 Jack 23 142 ,* Ltd 15 %c 19c 4%c 17c Jan 189 2% com Paper Com Ltd • Jan 36c Feb 100 Ltd 2% , 4c 24% 17 10 .,, <■ — 'Consolidated 17c . Mines Ltd 25 14% 2 Ltd Alcohols 1.00 May 24c Feb 22 100 General Advert Ltd Preferred 'Commercial — * common preferred— Knitting II _I 100 —- Canadian Western Lumber Co_ ^Celtic Sep 1,000 16c Apr 187% 22 com—* -Canadian Power & Paper Inv com 5% cumulative preferred— cum 14 % 100 class Feb 14 1.00 13 %c Norseman 97% :• common preferred Ltd 21 16c r 20% 100 pfd 'Canadian Food Products 4%% pfd—100 Canadian Gen Investments Ltd _.* 7% - * Products Feb Mar 60 Yellowknife J-M 23% 630 I Vinegars Ltd Silk 30% 17 150 ,9c 21 375 1 - Vickers , May 29% Sep 370 18 13% p & Diamond 15% 151 5% 24% 62 common. Ltd Jan 43c 11% Sep 29% 14c El 12% 12 % Mar 680 i* Pulp & Paper com_:* Trust Jan , 11% Mar Sep 1.30 Aug 50 23% :* Ltd ______ Industries July Sept 123 Apr 18 - Explorations Ltd -Counter Mining Go Ltd High 9% Aug 5% Sep 350 •1.45 100 ———— Canada ft Dominion Sugar Northern Power 1% 24c 13% Consol Central Cadillac Gold Mines.. Range Since January 1 High 5 y2 — :* Canada 116 29% Mines Ltd Eldona 210 Canadian 15,776 15 12 % Feb C " Donalda Mines Ltd..—„— Shares 16 Canadian 19 43c 10% ;!' 9% Aug Apr 12 % May ; preferred Cortez for Week of Prices 16 preferred 119 42c pfd Century Mining Corp Ltd Sales :5 5% 5 Jan Dulama 45 Inter; Inv 50 119 4 625 12 May Duvay Gold Mines Ltd— East Sullivan Mines 13 Canadian 8% 13% Colomac .Jan 12% 79c 30 Cheskirk Jan 22% .* Canadian 14 % May 19 Jan Butterfly Hosiery Co Ltd . 12% Sep 765 Cartler-Malartlc Gold Mines Ltd Feb 23 :* Canada 100 26 1.00 Gold Mines Lake Canadian Malartic Feb Sep Brand ■•& Millen Ltd A Preferred ' Sep ' 17% Mar 38 21% Mar Brandram-Henderson Company 61 Jan 12% Ltd B i 112% Jan Apr 55 Mar 26% .10 class 107% 75 Jan Sept 22 Limited Mines Feb 19% -Ltd Packers ,. ;• 14c Feb 435 Sale Price i 5 110 59% 22 33 12% —1— Jan 805 Limited— Columbia 32% Aug Mining 37 Heva Brown 6% class 81 20 Par British Inv 26 21% Last Columbia Apr y4 Mar 14 May ' Corp class A Corporations class B Apr 19% STOCKS— Class B 112 11 13% May 12 Co .Sep 72 ' ■ Pr Invest 21% May 21% Friday Co 108% May 39 8% Fuel Aubelle CanadlanFunda Oil Aug 400 13% Canada Ashley .Gold Montreal Curb Market British American Jan 21 May 25 Stores. 25 150 —J.0 Vancouver 10% Sep 9 20% 150 110 Amusement Dome of Apr Feb 19% —10 Hosiery Mar 33 59 % Alger Gold Mines Ltd r- Jun 190 21% _ ■& Sep 74 17 Jan Mining Stocks— Sep Feb • class 21% l53^May 65'/2 May 10a/8 13% Western Grain Co "Ltd Jan 16 10 Products Jan 33 33 United 18% May Apr .—10 Commerce I Feb 14% 14 pfd—J red Centremaque Gold Mines Royal Jan Aug 13% pfd United Jun Banks— British Feb 104 7% T4 Industries Soutbmont 15 July 14% July 105% Jan 16% Works 125 110% 110% C Southern Apr 325 80 N Rands 30% Mar 175 12% Mar 104 77 35% & Co Jun Sep 12 40 15 Bonville Gold Mines Ltd Montreal 3,505 21% 71% Ltd—. Russell 21% Noya Scotia 168 20% Sarnia Bridge Co Ltd— — "Canadienne 13 160 Sep 24% ___• • .i* Bright Sep 5 % 200 Quebec Pulp & Paper 1% Sep 76 180% 180 % ._*' Worts—II" 10 50 97/a Band-Ore Gold Mines Weston (George) .com Dis 19% Feb 31% Sep 102 5 >/8 20% Jan 18 80 80 * & 102 143/4 21 May 93/4 50% 7% 8% Ltd Brewers 28 20% 26% Sep 76 100 ■, Grocers Glove 50 13 of Can .6% 1st pfd— part 2nd pfd— Purity Flour Mills Co Ltd common. July 7% 7% 28 , 7% Gooderham & Belgium Jun May 28 3/4 Corp 6% Sep 18 • _• Corp Steels 46 ,11 Ltd 49% 305 104 • Canada Power— Standard Chemical oommon Steel Co of Canada common Fabrics 14% July Jan common 21% Aug 415 * 100 ; preferred-— Southern Tobacco 29 ioo —_ Voting trust ctfs ■Simpson Ltd 414 % Atlas Jun 40 15 Manufacturing 7% Power Sep 104 753 preferred Mills Enterprises Orange Crush Ltd Feb 9% May 40 17 y2 19 48 Auto 11 332 102 preferred Paton 33 Glove 400 41 Jan 100 .. Rice Nuclear 33 Acme 12% 5y8 Ltd Nova Scotia Lt & Pr 13% 46% Western -Jan 71% Feb 33 Walker 9 193/4 ' Corporation 47% Steel Mar 157 Royal Hotel Co Ltd „* United 8 240 pfd Mount 50 Wabasso May 6 12% common. Moore * common 4% Ltd 39% Aug 13% Class A preferredSt Lawrence Flour Mills Tuckett •90 283/4 pfd preferred 0 —100 Transport SagUenay Power 4%% •Boutham 11 Apr l93/4 Minnesota ft Ontario Paper Co_ 67% Julv - Distilleries Melchers Jan 19% m —1 - Quebec Power 7% Apr 79 Jan 71 27% July • : — Price Bros ft Go Ltd common 4% preferred —: : St 'Lawrence 41 41 conv McColl-Frontenac Oil Feb 16% 29% * common 'Development Holland Paper 'Paper Massey-Harris 6%% Sep 80 * Powell River COh Power Corp of Canada (Provincial 12% Jun' 10 Sep 180 16% xri 16 y2 ...* common. Page-Bersey Tubes Placer •12% 11% Aug 10% AUg 5 • Maple Leaf Milling Co Ltd Maritime Teleg & Tel common— 42 ,395 8 50 125 ' w Aug MacLaren 26% Aug 600 8 ft-: ■Wi, Power Ac 82 12 common. Jan 6% Penmans Ltd Lowney Co Ltd (Walter M) Feb 26 Sep July Investment Foundation May 48 Apr 11 10% Sep - Electric Ottawa 45% 23% 100 Aircraft-. Ottawa 44% 43 _• common (preferred Ottawa 23% rT Niagara •Ogilvie Flour Mills 45% * common 11 w— 10% J l| 10 y4 82 ral*.' j Inter-City Baking Co Ltd National Breweries ■ , - . 24c July 15c Jun 20% Jun i Volume 166 Number 4633 THE COMMERCIAL & FINANCIAL CHRONICLE I (1287) .<♦ CANADIAN 5 RANGE LISTED WEEK FOR ENDING MARKETS SEPTEMBER 26 —-^ Toronto Stock Exchange Canadian Funds Friday STOCKS— Par "• $2.50 preferred new common Yellowknife : Steel —* Anglo Canadian Oil Anglo-Huronian Anglo Rouyn Mines Cons Aug Sep 26c Jun 12c May 32o Feb 235 100 37% 21,050 5,800 —T L. 97c 50 _——:_1 „ 190 3,500 60c 3,500 „1 Aug 2,500 Arjon Gold Mines 43c 6c May i 9,500 —1 Hardware class A Mining - Feb —1 30c 1.03 Mar 16% 13'/a 100 6c May 27c 8c May 23 %c 5,480 11c May 38c Feb Atlas 3,125 9 Aug May 12% Feb 35c Feb 8V4c Jun 39e 20c 76c Jan 11c 25,500 Aumaque Gold Mines Gold 1 Electric Class A Auto Bags mac Bank Montreal. of Jan Baihurst Power class A Aug 39% Jun 40 23c Beaulieu Yellowknife Belleterre Quebec Bell Telephone Rights ' : __l Bidgood Kfrkland Gold . common 1 — 66ip 60c 23%fe Bobjo Mines Ltd liY#: - • Brand & Millen class A 10% 1.4b : 10% Brewers & Distillers Red Latte Oil ———1 * —— British Columbia, Eiec British Columbia 2.1 pref—100 10c 24%. British Columbia Power class class B- A- _• —• Broulan Porcupine __1 Buffadison GoldAnkerite Buffalo Canadian Buffalo Red Building Bunker Mines-— Lake Mines- Products & Burrard ——-i„ Linen %fe 15 c * 4 % %, Red _^____-__l -» 4c 36c l lake 2.90 Preferred ill"—-____£—* -——— — Canada Foundries class A Ca,nada Packers class 20 —i-* ;—— Feb Jun 27c Aug 48 % c Feb 13,100 80c A 2,500 983 12 110 12 152 156 156 159 94c 2,930 22 15 21c 21c 335 12 250 15%^? 4,400 12c 100 29 Aug May .20 .^I- : 113%';| .13 % 2.30 ^ 4c 2.60 ™ 8,800 3AM .r,7-i| 18% Sep 24c .' ' 5: Aug 101% Aug 15 50 69 729 -L • Aug Feb Jan 16% May 2.70 July 17%c Feb "73c 2.90 Jan 200 • ' Sep 33c 32 . Jan 2,850 5%| '■ 4c 4,533 34c 39 2.90: 1.70 Jan, 8,762 -Vftfa- Sep 9 Sep ; • 16 8% Sep Jun 3.50 Feb 6% 105 Jun Apr- 1 75 Mar 16% May 30 15 7%. * Sep 31% July 26% May 20 6% Sep ,_50 Canada Wire & Cable class B 6 e Commerce. 10 Breweries 250 16 16 198 200 13% 67 41 22% 8% 21%: 24c — preferred : * __20 * 20 41 22% 8% 21% 91 22% 75 Sjjra 206 22i 22'% 5,237 24c 25 Vac 324 22% 20 227/b 25 430 Apr 8 Feb .1 * Tar & Malartic Federal Sep Federal 17 8 13 13 56% 29 29 % 22 % Sep 20c v Sep 20 Jun May 29c 2b 25 Sep 225 29% Jan 20 Apr 26 Jan Apr Sep Jan Apr 9% 40 13% 489 12% May 18 Feb 22% 125 20 27 Mar 23% 115 23 12% 12 % 12% 670 1.01 1.15 71,500 64c May 33c 40c 240,500 17c -May 70c 75c 5,900 70c Sep 17 %c 22c 34,200 11c July 35% S8c 12,000 c 11 26% May 15 Feb 1.62 90c 1.58 Jan Jun Jan 28%c Sep 26 %c Mar 57c Jan 7c 8c 5,000 Jan 12 %c Jun 1.91 2.07 8,800 1.50 May 2.45 Feb 3.25 3.55 16,200 2.70 May 4.75 Jan 11% Jan 5c 9% 10 170 8% May 14% 15 75 14 % May 15% Aug 19% 19% 19% Sep 21 60c; Aug May 115 81c 06c 27,087 1.15 1.13 1.32 313,300 39c 39C 47c 52,800 17 18% 175 17 28c * Sep 17 Sep 25% Jan 4 4 18 4.45 63,316 3.95 4.10 4,185 17% 17% 760 16 51 51 51% 202 49 % 5 4% 95 7c 7%c 8% * common — 5 95 8% ^ 125 10 4,500* 10 4" Sep 3.90 5.50 Feb 5c 7 12 50 ,2% 1,365 20 20 20% 940 19% 17 17 500 12c 2.50 2.45 2.55 4,400 19 19 19 107 100 109% 110 110 100 lliy4 1111/4 30 * class —— * " Sep 19% 11% 2 Sep Feb 67 Aug May 4% May 95 2 — Jan 4.45 12 — 7% Sep 1.96 July 2 —— Feb 60c 3.95 7c Jan Apr 3.95 1 1.36 2.60 Aug 20c 4 .A preferred 5%% preferred Sep May 3.40 1 common May 7c —1100 Power Feb 1.95 common Exploration Feb Jan 13 17% of 4% 45 23 4.10 Ford Jun Aug 35 %c — Mfg & Aircraft 5% 56% 33% 22 9% Fleet Gatineau 15 Sep Aug May 13% Sep Jan Feb 22% Machine Gold Sep 11 17 %c —- Kirkland Frobisher Jan Jan 70c * — Mines Canada 1.34 25% 29% 34c * pfd__—23 V2 Players Francoeur .26-% 'May 13 100 Mar 23% Feb • Feb Jan 54 41 7% Feb 10 1.70 Jan 98c 1.03 Chemical Preferred 23 % Feb Sep 27 41 25 —— Apr ..May 10 7 Fanny Farmer Candy Shops .-place Feb 85c 75c 265 3 Corp Fittings Ltd Feb 10 v 81c Grain 26c Sep 550 Falconbridge Nickel 200 18 360 English Electric class A Mar 8% 7% Mines 12% Sep 2.44 Apr 8'% Mar ' Jan 2b 56% 29 Eddy Paper class 188 18 430 3% Kldona Gold Min El Bol Gold Mines Eureka 32,800 1,560 7% Eastern .Steel Easy Washing Jan 7% Aug Aug 24% 27% 3% East Sullivan Mines- Elder 1.07 23% Mar 14 s July 27% 1 common East Amphi Mines East Crest Oil East 1.14 24% 50 — Duquesne Mining Co Duvay Gold Mines Apr 19 70c 44c Jan 21 ; 19% 87c ' 50 Donalda Mines Dulama Gold Mines Ltd 18 49% Mar May Aug May 8,400 65,350 * — Dominion Woollens 40 Sep 14 ,1.10 Apr 31 • common Preferred 12 41 j. 1.02 — — Wominion Magnesium Dominion Scottish Invest July - May May 50c 70c » common Dominion Foundry & Steel 36% July 20 i preferred Famous §1 20 1st Jun 62 36c 30c 8c 46c 10 — Class B ,25 . For footnotes see page 42. 505 Dominion Fabrics 8% Jun 84 12% • Dominion Dairies 16 . 200 198 22% __i Canadian Canners common 1st preferred 52 430 16 ! — 23% Jan 24% Jun 35 18,750 11,000 10,000 1.25 • — Dominion Apr ,10c 820 Bank 2% . Sep 79c Dome Mines Ltd Mar tefim Feb 1,60 May 65c . .1.50 Jan 45 h 10 70c , ■J July Sep 50 '50C . Jan 3,500 18% Diversified Mining.... 70c Jan 55c 1.85 69c Dominion 12c 38c '' Sep 17% * . Feb 4 27 18 Fee Jan 9c July Aug 90 70c Jan 12% 9%C 28 1.49 23% Mar 10 , 1 50c 7%c Feb 1.71 4,000' 2 common 32 y« 29 90c .. Feb Apr 174%. Jan 69c May 397/a May 145 JL7.500 L02 Sep Jun 10 8,700 , 1 May Sep ,90c 42% 80C 1.71 Dominion Steel & Coal cl B Dominion Stores July May7 20c 25c 16c 201/2 c 27% Feb 4c 78c 42% 10 35c 11 90c 18c 2,000 Aug 13 Jan -3,800 Feb 89% Apr 16% Sep 1 61c ;! 34c Aug 26c - - Fek 1.05 . Sep Jan 21 Sep 85c 24c 25c class 1 Jan 1.56 12 %c 140 87c 22 B 1 Feb 2.00 Sep 78% May 12 _1 51c 35c Sep 800 42,850 84% 80C 1 23c 24c 16c 84 1 Mines— Feb Jan 23c Aircraft Nickel 65c 12 %c .1 Feb 23c 4,600 14c .100 Gold Feb ■ 60 87c 24c 1 1^5 May 18 80c 84% 1 4.75 28 500 13% oi 17% 7c Feb 15 1.10 May 17% Jan * common May 15c " 5,800 ":4«ff V : Bank Box 2.50 Apr 300 - n1 iv-.> • Convertible Feb Jan 3% 30c 70 * , loo Rights 9 29% Jan ;2f ♦ : Preferred Ce^adlan Jan 103% Sep 4% Fdb - « Power Class B- o*n»oian 27 Sep Sep 5 % Sep 25% July 10 Northern 2,400 Distillers Seagrams Apr 15c 2pc': , 103 y, 103% 71' _l_____i__i_50 common Canada Machinery Canada Malting, —— Canada ''32c Sep 22 5% i100 _ preferred- 1.30 87c Coal Leather May Aug 1.27 100 Patricia 30c Feb Jun 3.45 Sep 1.40 May * Mining Nest 11. 4,400 Discovery Yellowknife Feb 50 15c 2.4p common Canada Cement / 50c 2.10 May 235 2,200 101,900 80c 5 Gas Paper 5,400 Jan 30 ' 11c • Press class A Dickenson Red Lake Jan 17 275 30 __1 preferredB- 3:15 13% ' Class 24 8% » .— Bread Feb 2.00 1 Detta Red Lake Dexter Red Lake Mines May 500 1.2jT C 29 64,400 27 *> __ —^ 13c 1.80 Exploration Denison Jan July 33fc 24c 3% Sep 15% ■i Caimont Oils 2,600 8%c Delnite Mines Jan 2 29% 1 27 1 preferred preferred Campbell 135 16c I8V2C 18 '/a i' Cub 13 Va Mar SVa May 75 11% * Ll?t 17c 2.85 .11% Jan 4.30 Apr Sep 2.70 35c 35 %c Jan 33c May May 20 1.90 2 & Smelting ll7/s 2.20 5c • Mining 25c 79'/a c Jan 14 %c 115 31,500 1.30 Homestead Oil Sep May Jan 8%c Cadillac 39 %c Jan 30 -35c 5 Mines Crowshore 75c 7%c 11 Beattie Jan i 61c 15c Bakeries 2.20 Aug 2.70 1 1.45 Mar . > 2.60 May 5%C •_! Willans Gold— J 8%c Sep 21c Jan Apr 3.00 Feb „ July 13 %C Aug 7 Sep 30c May 556 Pec July 26% 13c 1.50 1.60 Feb 15% 105 29 Central Crow's Feb May 9c 925 3.05 ____—* Calgary & Edmonton Cgllinan Flin Flon. Canada 6 '• 1.16 . Feb Jan 10%c Feb 17c 33c 18% Feb 106 • 29 5%C _ Jan 44c 3.30 30c Bep Sep 1.60 Croinor Pershing Mines. $r 2% 33c A--* - A Calder-Bousquet 2nd 20 25,725 27.% * ' 4c A_ r class Caldwell •. —* class — 3.10 30C Smelt- Crestaurum Mines * Co & Sep 15% Feb 150 23% 26 24 c 26% 100% 2% 29% Hill Class B 18 __l Burlington Stee] Burns • 325 500 • 3.05- Gold 3.10 _1 Mines Class May <145 •l.ll Buffalo 58,300 1,947 4,100 .1 . Yellowknile Cournor ^ug 14 1.25 Aug 3,580 10% <5 5% % 17%!c 33b 10 1,975 26% 31c 14% Aug Aug May 3% ;>-:3%- 2 Qfll— Dominion, Oils Corrugated Jan 23% 24% 100% ,102% 100% * Class B British 390 950 "22- •' Packers 5c 16; 9c .. Columbia 6c 26% yr i6 • Forest British 1,000 my 26 % 21% 5 Mines British American 8%C 10 %C 9c . Jan 90c May 2.00 May 1.10 May 1.50 May 2,100 22c Jau Jan 37% 24. 185 41c I Malartic Conwest • i;£o" 1.40 Brantford Cordage preferred _.——25 Brazilian Traction Light & Pwr com—* 26c ' ft Bralorne Mines Ltd Brewis 8 40c Lake Davis 14c 1,716 - 7e : 6c — i , 1.35 .. Jun 16,000 33c Gold ' -10 3,300 -1 GoldfMines Mar 11% Sep 1 Bonetal Gold ,, 8 Sep 20y4 Aug -16c 25%ci 23c * • Boycon Pershing Min Consumers Feb 5 17% Jan * __t Blue Ribbon Corp common—- Bonville 18c 40c ... Sep 16 May 101 Jun 15% lb-% Sep July 26% 200 21c * :_1 i— 370 36c Mines Consolidated Sep 191 25 l '' 11% May 401,400 60,500 Consolidated 9.75 Mar 166% Sep 47/a Sep 5 1 Consolidated jun 89c 50 31c 39 %C Consolidated Mar 42 6.75 July 100 Bertram & Sons class A__ Bevcourt Gold Biltmore Hats Aug 26%c May <28 „1 Consolidated Feb 91c 104 102 24% —_il Canada ! May 36 1 JL. of 60c _<1 ; 13 15 27 1 . i . 100 1,958 100 Consolidated Jun 23% 19% J un Exploration It Radium Beatty Bros 14% 13% 28 Coniaurum Mines Jan •7%e Jan —_* Bear 13 5,350 Coniagas Jan 35 60 %c 1.60 Colomac Aug 33 10 Mining- 6,225 1.26 Coin 10 - Toronto Metals 85c 13 »/a Cockshutt Plow Sep 19c 22% 2.40 Cochenour May 8c Sep 25% Jan 10 Nova Scotia of Base 7 34c 11% 1.55 Citralam 9% Sep Mar 11% 110 Circle Bar Knitting 5% Aug 16c 1 _. 360 .150 •24 1.26 Chromium 1 — 13% 13 y* 105% 105% • Chimo Gold Mines Apr Jun 8% July 5 % Sep ' „ Consolidated of 4% 6.20 Sep May May Aug May 2.40 Coastal Jun 3.90 May * .—J—* class B Mines Bankfield Bank common.,! — Fabric Bank __1 15% 1.57 Chesterville Mines 1 _ Aunor Auto 100 , lie Feb 2,500 Aubelle Mines Ltd 1 15% 1 Cheskirk Jan Atlas Steel Feb 100 1 Chateau-Gai Wines Chemical Research Sep 14,450 Yellowknife A J Porcupine Centremaque Gold Jan 176,200 Astoria Quebec Athona Mines class Jan 20 Sep 102 -* Jan 13 60 May 105% Wirebound 15% Jun 80c 25 Gold 10 97 V* 24 100 Feb Feb 16 13% ———• 43 30 • 10 13% ——-—* — common Central Jan 41c 151/4 .13% Sep May May 60 • Central Patricia Gold Mines 13 %c Jan 10%cMav 27,300 10 -.1 A—• 39% 18 Sep Feb 67% Feb 305 17 97% Castle-Trethewey 1 Armistice 16% 97% 14 Cariboo Sep 70c May 3,000 ,_1 14 c 16% 97% * Canadian 0.85 Aug 1.30 Feb 6%c Jan 11% Canadian Utilities preferred ~ — 22% 11 5!/e preferred Canadian Pacific .Railway Tire Corp July Jun 55 22 * Canadian Mar Jam 8.45 May 105 16 19% Sep 55 11 * Canadian Oil Cos Feb 19c 16 85 -100 Class B 1.90 Jan 9%c Aug 255 40 22 — — Canadian -Locomotive Aug July 2l3 100 1 A Canadian Malartlc — Resources Gold 1.50 Jan 360 17 59 1 High 11% May 16 :• common Canadian .Ice Machine class A Canadian Industrial Alcohol com Sep 10c _• Mines Ashley 9% 560 1,300 Porcupine Asndown 3% Sep 90c 42,140 %p Class 55 * Preferred Low 16 57 Dredge Canadian Food Products £3% Mar 107 Feb 103% Jun 140 Canadian • common American Yellowknife Feb Range Since January High 39% —25 —— Jun 000 _i 16 25 22 43% Shares 12% 20 - for Week Low 16 — -l Celanese common— Preferred ; 21% Feb 17% May 36% July 19% Sep - A Sales RsiifAk Canadian 1 High 14%M»| 25 _i Ll Aluminum »ol Canada 4%; pfd— Amalgamated Larder Mines Area 1,-895 1;605 __ ,, —1 comnxm Aluminium -Ltd Apex 1( 20) 37 : ' —1 -a Pacific Cons Aquarius 15% 19% ■'■11' Range SIiim January Low * Alger Gold Mines Algoma Shares Class Htih ____100 ■ Agnew-Sucpass Akaitcho A •; of Prices . Low - ' 16 %• 19% i• j Canadian Car common 220 Preferred Alberta ,20 --^----20 Acadia-Atlantic class •* • Sales for Week Week's of Prioes - Sale Price Par Range Sale Price r AbitHol Power At Paper common il,S0 preferred ■jzli Last, STOCKS— .jjF Weekjfc East Friday ♦ Jan 9% 134 * Jan May lie Feb Feb 10 Mar Sep 13% May Feb Aug 5 Feb Jan 23 May May 38c Feb 2.05 May 3.25 Jan 16% 20 Aug Apr 1091/4 July 109% May 111% Mav 111% May 39 40 COMMERCIAL & FINANCIAL THE (1288) ■s" Week's Friday Last STOCKS— 1 Bale Price j Par Preferred Giant — Lake Range Since January 1 High "LOW High 15 105 .100 : — Gold Mines. l 1 — 6.25 19c 105 • 18c 22%c 23c God s Lake Goldale 4c 42c 98c 120,800 51,400 — Golden Arrow Mines Golden Manltou Goidhawk Goldora Feb Aug Mar 32c Aug 23c Mines Tire preferred ; 1,900 16C 68,000 West Coal 35c 34c 40c :Jan Jam *■ • 45 Hamilton Bridge *. 11—♦ Gold "Mines 1 2 .1. —1 : 14c 10c lie 8,000 78c 80c 5,800 , .... 8c 8c 8c 10c 10c 1.09 2,000 3,200 33c 79c , * 1 1.05 10c 1.05 33c 29c ,■» Qil Homer Yellowknife 11% 1 11% 12 3.75 3:90 1 10c —1 30c 30c 33c —1. 33c 33c 35c Hqwey Gold Hudson Bay Mining & Smelting Hugh: Malartlc Hunts Ltd-class A—j.. • * —_ • __i. £1 42 Va , 5Vac 43 % 5y2c 5c '• 13 ^100 Imperial Bank.— ——10 Imperial. Oil —^ Imperial Tobacco of Canada ordinary_5 Preferred. 43 .1 — common—.. 21,000 9V'2ClOVic ' 40 26 26 13% 14% 14%' 14% 7% - Milton 55% Sept 5% Mar Indian Lake Inglis & Gold. Co 57c Inspiration-Mining class, A_- Preferred ——1 111—i2l—1—* ——— 50c . ; • • 10c Jan> 47/aC Mar _i International Nickel-.; Co ;jcomipon :• 32% 'International ^rol^m^^iliL^i/12% International Uranium.- '1-.—^ 1. Island;M»untalh^Mtoe&.iw—-i—ii50c ; Jacknife Cold " —• .——_— Jack Waite Mining.. Jason-Mines Jan 12 Joburke Jotiet Mines Mines Ltd Publish Kayrand Mining j—— Kerr-Addison Klrkland ———uU-— 45c 18c 1 ' Dufault -,6c 15c 33c 32c 35c 40c __ 45c .15% 16 22c 16Va 70c -' - 2.12 Calumet Marlon v Newnorth > Nib ' Feb 45% ! 13c, Jan 30 — Oil Le^indin. Gold 5gc 59c 65c 5V2C 5V4C 7Vac i5c i3c 8% Mar i6c ." 87c ■ • • ■ 3.05 . . . 29c '31c Feb 42c Class B 1 6%c Lbuvlcourt Goldfields , Lynward. Gold Mines- ^ 1.21 1 33% Aug' - 16% Feb nc - ,, 15o 9c 55c , 1.64 ' ——1 1 ——J—r —1 —1 1,800 27c 10,220 17 17 * 46c 1.05 Page 25c July Sep 81c .— 86c ,15c 26 Jan 28 ^ f. 3.50 , 25c, lOc .' 2.75 ,.l3c^ 58c - " 3.00 * fl3cl3%c./ .! 7e Sep May 1,500 4c 2.55 Mar Sep 30c July 12%c Jan 22o 1.40 l;40 38C 4c 4c 1.49, Jan 1 1 . ;—1 • 2.20 • — — -»—■«.—. 1.25 4.50 22 13c Sep 50c May ' Jan May, Quebec < Jan * ' Jan i 16c-May 9o .July • Sep i * Aug Jun Aor Jun 9a, . ' 10c Jan 6 • - 11c Feb . 27c 65c May 54,800 -8 23 - Feb lft%c FCb 70c - " Feb,: H.26 Jan 81c 45c May 4% Feb 915 • 25%c July , July Aug 4$lc July . ' ■ Jan 19c 20c 14,700 7c , May.. 9c » 4,600 73c 7c 7c 1.77 Apr 2.35 July . May 13 55 3,500 . - Jan 60 2.67 Feb - Jun - 40c 26,400 13% . 1.80 May46c . , 2,500 1.17. '1.31 , 4,500- : 21,000. 10qll%C ,24c I 9,725 r 7c 7% ' 7c • 9%C S^j Sep 8 29% : Mines.i 30 1.65 1.80 9c * 85c 10c 1.72 10c lie ' ■ - 3,000 • 6c 9c 87C 91c 4,600 86c 9c 1,000 7c 2.60 4,972 2.50 2.50 —1 3-®5 3.85 3.95 25c 50c 25c 26c 48c 55c 37 91c 36% 1 100 -- —.———• r l * — Manitou -Mines:—* ——*1 91c 800 75c 45c.. Jun 55c 100 71c Jan 66 66 23 49 V» Jan 11 11 450 2.15 2.25 15% 7V4C 15% 7%c 12% • 67c 100 > 12% 67e 1.67 Feb 1.60 Feb 66 9% May Sep 13% Mar - 19C 20c - 7c 40 5,232 60c 24c 67,800 18c Sqp .. : 20c . - . Roxana 34^ 1.20^Jan July : .i ———1 • Mines —.-1 Oils Co a———L.—i.——• Rupinuni : Mines; J Jan; Jan I —u: Russell:.IndustriesJtsommon; , 5 5 I • - 25 - —— 27c commobu.—1—18% preferred!--^-—i—t—.——— 5d • 47% ? 750 2,200 4,500 34c : 13 18% ■ -<13, 1 "• 38 120; 70 .. 303,200 Jan \ jlPqb- ; 58c; Fftb.f) 1.03'Jan I; '•25'..-jab'; Sep ^ Jan ■ 45c 32 Vi May 117 Apr 3.25 May( Juti 38c Sep' 11% Apr 9'A Jan - ;Mqr» I.- 12c 30c " 'r^eb£jf 10% May. Aug 16c , 14 May x4% . 230 }17% 4.00- 4.20 4.00 ■f ■ 47 134 :.134 14 * 15C 47crj'eb.v3 Aug: 22% Apr- 590 •17% "-i : _ 30c -23 - Jun 67/a Apr Oc May 4,500 :i2% 30c j.—1 ' j.—; - 63,566. 17% 30C , • 32C 16c 18%c : 18%c —-1 ■ 35c . 33C -22% 22 11 1,000 8c 8c 28C , 33c, ■ S% - " Jan ' , 80qf Fqb)r July 32 Va £0 -- 28c 16 :A, ,St Lawrence Paper preferred.^-.-—10U San Aiitonio Gold Mines: Ltd-L__i.i-i_l . . - 450 : 4.85 Jan ~ 7c * 12,800 - 11% 11% 11 k 8% Royalite Oil. I—I— Roybar Chibougamau — 34 ■ com ,—...x—-16 29c • - I JO Aug 21% -Jan'i ' Aug 23c 8,500 14c . 27C - Rouyn Merger iGold I' il%C -- 2<c (1936) Jani 14% May: : - 64c-May 13% May - 2.135 - Sep 11% Aug : 1,600 - 2.45 15% Aug 12% 105 1,000 15 Va 15 1.32 May Feb 10,220 , 68c ■ 97e' 1.07 * ^15 ; Gold- Little - Sep 39 Va Aug May. 1.00 f , 4.40 May May 90C Feb Feb 3.30 Feb 33% Jan 560 37 17c May. 27c Jan., 1.31 , 11 ; ————'——* 25c 1.00 : 29c; Sep July 2.30 May 3.25 May 4,966 51,400 Jun 670 7V4C Aug . 1,130 —.1————~1 — 1 - 23 %c Jan Aug 80,700 ——.—1 Mines 1.89 Sep Feb 20c July 9,000 30,970 • ^ 33% Jan May 42c lie 51c , Feb . 1^1 July Jan 1.18 May 33,600 Jun . 65o Aug • 27% July 440 16c 19% c ■ 1 Reef Gold 84c . 86c 11c 47c 17c . —j————---—-1 Royal Bank' —t—t... 28c ,39c: Feb 700 9o -7 45c 9c 3,300 - 15c 5V4C May 11,000 J lie 85c 9%c " Roche Long Lac 1—— » 4.20 Mar 3.05 May 5c 3% Feb, 85c Jan . Feb- •4Ro May 24c 350 66c t :13% , St Lawrence Corp 2.25 July lie Aug 56c" 4,000 • 76c . 60p ,6%C . 1<21 -65c ; ——1 Metals Robinson 39a ' 4% 70c. '„-"'24c ; —II—■-———' Ftlchmac Gold ■ 3.60- Feb ' 40 8,700 . :2.2a ;'2.35 • 10c , —'.l—73c —1 Riverside Silk class A———* Robinson Cotton Mills— Reno ! 31% Jan 1.35-Aug 3,400 4,500 16c '• - 1.32, Marj .. May . 2.06 Jatr - - - .. • 1 33% Jan ; Jun 7c ' 1.32 May 27,000 < 6c.6c 13%' '■ • Queenston Gold Mines —i-— Quemont Mining—— 2.40 Feb -Jun 44c 33c Jan May 34c ♦ Jan-; 145 May Sep 6Qc 9a > , 4— 1 j Jan 16c . 10c 11 %c 4%, —1 —.1 : Jan 9c 6,000 32c 70c 60c Jan 83c 3V»cMay 20c ■ 25c Jan 54 Aug July' 3,000 4,500 60c — 2.10 1,25 Jun 42 104,800 1.56 33c 6c r . Preston East Dome——-— *—1 2,2° Proprietary Mines ——: —15/2 PUrdy Mica Mines :— Purity Flour Mills common..——10 ^ , Sep 26% Jan Jan 5c 17C . Sep lvc 50c . 1.49, 10c 70c 13c 325 1,500 ' Feb 9%c Jan May 6c 500 43% Jun Jun 10c 63c 7c Jan 65c 5%cMay 3,400 43% , —_— Pressed 2,500 28* 10c . 1.45 1 Aug p Aug 50c '173,350 70C 43% 45c 1—: Mines" (1940)-i Gold Vtc 28c , 4c 75c 6V2C- i—,—* Powell Rouyn Gold Sep 7,500^ 5,500 11,500 18,900 5%c 9%c —,——l Powell River 23c 3,600 5,500 6c 37c. 56c ; 1 1 — Porcupine Peninsular, Jan 16% 2.80 Aug 12,750 r 3.55 3.45 2.75 25c lie,* 1.82 May 80c ' 6V2C Fcr footnotes see page 42. 100 9,625 30c 5 Cadillac Porcupine Feb 33c . 19%-Sep 438 , Jan Jun 28 5%C ——• Pickle Crqw Gold Pioneer Gold 4,500 1.75 13 2.15 1.40 Jan 27% • 28% . 26% Feb 27 1 40c Sep 76c —1 — Premier Trust Sep 400 730 10 July 17%cMay 250 22 5c —*.„l — Piccadjlly Porcupine 7.50 Aug 61c 1,612 445a Jan. 19% Jan 230 34c ■ —i— Hershey Tubes Perron 26% Mar 35c 4c 39,000 Jan 37c' May May 2,000 1.95 f.l lnca Gold—^.— Paramaque Aug 1.16 Jun ^ 25c May 15c 23 76c * • Paymaster Cons Mines——.—.L——~i Pen-ReyGoltf Mines——1 —* , , Sep 55c * Sep 30V2 14c 17 80 12 1 Pamour Porcupine,Mines Ltd——-—> Jan 2.25 Sep 29% Feb 74% July 27% Aug 22c . 1 Mining, Pandora Jan 39c * 22% 22 2.05 Pacific (Eastern)f Gold———^——1 Pacific Petroleums —— ——1 . Feb 87c. v 1.70 * . 12 „ Jan 12c Feb 19C • 10 ——.1 16% Jun Feb 1.60 . Mines — : 'Placaita Oils , July 17c lie Feb 8V4 Sep 72c 26% May 15c OmtlAJce Mtn«&v —.—*.—*■——.—1 Car —^ Jan 57c . 4V2C 27c 300 26% 27c Oidso. •Red>Lake,.^i.Aii*—--i—1 Osisko: Lake Iffiries.——_.t..l~ Jan Mar 10c 8,000 15% May 15c Orange Crush i 21% 1.27 65 24c 12 — Grenada Gold- < .Feb, " 3.40 May 17,500 15 15c —1 ^ Omnitrans Exploration i Feb" 55c 4c May 16% Aug r 43c Jan 10,50 Jan - Jan 50 72 .25c Omega Gold—— 4 Jan ' 2V4C May .52c 3% Sep 7% Apr , 14 %c Jun Jan 19c . 3,000 45c: 2 165 - 72 • class A CMtalta Oils ; 1.68 Jan 11,700 370 1.65 30% 25c, Macfie,Red.Lake 15% 71V4 26% Norzone t Jan 90c 3c 75c ; 1.65 • * 1 Macassa 15 July 5VaC Apr Sep Sep -_1 0*BitoD,.Gkvld:Mines.——a— 1 •-75c, , Lynx Yellowknife Gold^—..———• MacDonald Mine? 2,300 15 Yellowknife .t " 7%c 23c 28 % — 45c OgamarRockland 1 18 % 1.20 __ 1 .—— 43c 19 12% July 30 - i •» 37% r Jan"' 17% 3c — 208^ Ffeh 7.90 May 25 — i -• 104%. Jan - 6V2C 17% ——* — 2,310 8 North Star Oil common—--a-* , Little Long Lac Gold Mines Ltd. LpMftw Groceterias class A.— 8.20 13 Va 8 — Gold Northland ' I Mar 23 - 16 V4 8.00 ' Apr May Apr 13c Sep 13% Jan 6,100 Feb 62cFeb ll%cMay • 100 Northern: Can Mines.—i-_-—-_—60c - 10c 2,000 1,000 2 "North j - , Jan 85c May 1,100 20 7V2C May 2 ) Apr 11 July 1.33 Jan 2,950 3.05 7C 30c 300 ■; common Norseman. Mines, - Jan 24c -10 Va 50c 8>0oo - 90c. 19% /_ 29c 1 21,500 • 19 >/4 —1 — .38q July 67% Sep 94c 47%c May 38,300 Normetal '• - 31 2,200 13,700 6,700 15 .15% Lingmah Lake Gold Mines.————1 33c Nbrpick Gold Mines ———————1 » Jan • 24c 14c 85,100 —50c — 6,500 9c * 12% Mar 15 1 Leitch Gold mines, Ltd Lencourt Gold 62c 16% J 15% Mar Jun 3,525 —3 — 58c : 3Gc ' Apr 15% July ' Mar 40c 25 10c 30V4 July 104 % Jan 1 Norbenite- Malartlc Mines Norgold Mines i •. ! , 13% Sep 115 May 12,300 Jan 9% Mar Apr 54 13 Mines Regcourt: Gold Candy 101 1,310 " 25 21c 13c —,—1 Larder_"U" Mines. 10 67 7c j Noranda Mines 6%c Aug 29,200 6.85 21c Feb July 23% Jan 102 — Nipissing Mines Jan 18,725 Aug 8% Jun 180 25% 102 - Gold-——. Feb , Jan 6.25 He __ JlS6 Leduc-West 25% ———* Nicholson Mines Jun 3,470 9 66% 8.10 common Bidlamaque New 47c 95c 6.25 1 _1 Lapaska Mines— 25 20 11 32. Jun „_<• — New Feb 16% 4 —♦ —— 8 16 Va — Sep 60c 20c • Sons 125 ' Hosiery 15c May Sep 20c 1 Lapa Cadillac Gold 10 21% Feb ' 17%: Jart 13c 13%c Long Lac 64c July 24,350 75c 1.99 ; .. ——1 La Luz Mines 27% • Negus Mines New Sep July J3ep: 3,000 " 22c24%c 2.00 —I 67 25 i ... National Trust 4.80 July 15 ' 25 , Apr • 12% Sep 33o 4,000 18c 14% May ' 1,457 . 8 60c .__l ^ New 33c 9c 16 28V2 — National Steel Car.. Feb 50 25 8%cMay 18% —-2. preferred National 1.40 Jan 9,300 8c , 9 66 % Oil— National Grocers Feb 35c 16,622 • 25 * Lake Wasa Mining 8c 1,166 __l —— Lake Rowan (1945) Lake Shore Mines. Lang 8c 14c 25 Mines—— ... 5,000 51,200 15 ' 2,500 Feb 10 %c July 1.15 Jan: ; Apr 7%cMay '48c 15 (John) Lake Fortune Gold v. 6c . 50C -May " 28% 25% .5 National Petroleum 12,% Sep 35c July 1.35 July .1 Mining & Exploration Laguerre Gold Mines —• Gold Mylamaque Mines , 1.45 Feb "32% Aug 12.500 9c 9 Vac 45c 9c. —1 Labrador Jun 3,220 :5,800 .200 15% II ——_x. - 4 °/o 21 %c Feb Mar 3,540 .. 35c37%c • 1 Lake " 26 102 • 22c . 19c 35c —1 Townsite Lake 1 1 Klrkland Kirkland 1.60 €c __1 Kirkland-Hudson Labatt 19c 1 1 Golden Gate—— r." ■* Ottawar _ Keno Hill i—— 1.60' 9c i. ——A.-—:. . 13 Vb 4 45c" 8%c « Kelvinator Co Kplwren .Gold - 8%c 1 : j - 1.60 ——„-l — QUebea Mines.. Journal — (193?)-.- 33Vi 32% Lake Brick Mosher Apr Apr 8% Sep 46c Aug. 36c4 Jun 1,270 9»/2c ,1 ——— Jellicoe 205 403 :12% 38c 38c , 30 103 - 38c 11 % May 4%c Aug . Mar 65c ic "Sep' 18,000 38c » Feb 14% 37 9%C. 9%c._ 10 — Porcupine Montreal Locomotive 9% Feb 18 6%c Aug ' 2.500 57c Jdly • vSVic Feb 1,000 18%' Moore Corp common. 13 % Jati 7% July 450 28% . .. 28%: —100 —_ . ' Red Mbneta . 12% Jan 11,400 " 220 , 8% 2%cJuly " 9»/a0 — Jan May 25 1,130 8% 8%'8Vi ■ _1 International Coal & Coke. Int l..Metal g% 1 ' — Modern Tool Works Jan 16% 107% Jan *" 200 9cl0%c 9c 1—6 ^ ________ 69c 2.45 6,000 t»'C :60c —8'" Mining Corp Modern Containers , / Ingersoll Machined class Ai._i*—^ 8c 52c. 1 Mills Mercury Sep 13 May Jan May 10 / 4,801' 14% '7% 7%" - 12% 8c ■ " ' 1.50 May 11,875 14,000 Jan 3.95 ' Lake McWatters Gold t " . 6% Sep , , July 275 27 13% 12% 4,500 : 3%c __ioo Mid-Continent 18c 29c 40 4c " 22 Sep ' Jan 8,500 13 .111 ' 111 — 40c 2%c ;„20 McMarmac Feb 3,800 622 a- 5Va 2.80 May 30c May 1 38c'' 2.02 ——, common McKenzie .Red 1 " * 2.75 Jan 6%c Aug 24%c Aug 5,700 -— Hosco Gold Mines 2,850 •" 3«q • Preferred Aug 11 8c May 8c Jan 9.50 May 4,060 — 6%, 3.35 1.90 McColl Prontenac Oil common— Sep 18e 6,500 1,897 3.8O HoUinger Consolidated Gold Mines—_5 . Feb 97c 9,100 10c 10c lOc 3.15 , —54c Class B'"——-L Jan 23%cJuly 20,800 . 10cl0%c —i—10c 2 Sarcee- ; , (L) preferred-^— Grain class A_ McCabe 47% "Jun Aug May Sep Aug 75c 7c 10c 95c 7,929 1,500 1 5.% 3.15 Sep 18%. Sep 35c May 9% May 9 Vic May ' 7c May 545 10% 2.25 Feb 10 Sep —3c — Preferred 16c'. Feb May 2,900 . Massey-Harris Sep 12 May 15 13%c* 10c __1 —, Highrldge Mining & rErie 40c 6 60 l —: ; Heva Gold Mines; Huron 114 1 - Lake Gold Home ' 9% 4,766 825 1.90 Mclntyre Porcupine Mines—: May 16 • Sep 11c May Jun 2c 13 500 67/a 16 10% __ ——1 5c 2,000 , High 1.30 May 9% 5%;, _1 1 —— Martin-MdNeeley. •55%' Jan July 2,500 7c 37%c . 10% _» Hedley Mascot Highwood * 37%c x —, ' 3%c 6% __ __ Harker Gold iiamcana Gold Mines Heath 614c • __ , 31c "500 ' • ' 113 Jun 4 1 1.61 10- _i Gold Marcus ; 46c 8% May 51% May 260 1,141 300 14% 14 ■ 3%c - _l . 38%c38%c 14 l .4 Harding Carpets Hasaga Gold Headway Red 55 4% — Cotton Hard Rock 55 4% 200 11% •J ...» : - 11 55 ' .—2_1 _ ' 585 10% 1114 —♦ 12,055 18% . Gold Mines—: Maple Leaf Milling., ! > Jan 20c 9%c 1314 44% 10 550 - 45 Vi 10 10 ___* Gypsum, Lime & Alabastine Halcrow Swayze 17 44% 18 » ; - • Lake Manitoba & Eastern 3.30 Jan 74c 11% July Aug • May Sep Sep 135 11% Low 5,720 10 High " 1^* Malartlc Gold Fields—.: Feh 50c Aug 7c May 17c May 4c -Sep 95 July 52 % Sep 70 1.62 ' Magnet Consolidated Gold———.x—1 McBrine 425 1114c 11 Vid 'lllAc' —.50 Hamilton 100 11% 1 — Gold 4%c 5314 > —^ common 4c 99% __ 8c 11,000 112,000 4,000 52% l 99 % 1st preferred Greening Wire Halllwell 18c 50 Great West Saddlery common.: Gunnar Gold 14c 1 ^ 14c Mines——I Maralgo Mines 2,800 2.17 Great Lakes Paper new common New preferred Great 18c 17c 13c ii • July 4%c July 13c Aug 2.05 July 11c 1,300 17c — Bousquet 8c 2.05 GordonMackay,.class*'A-_--_^i_Graham 7 Vic 1 1 J „ common 16c. July 10,300 2.05 „—j. Uoodinm Mining Goodyear 21c 13 %c ! — — 20c i l ; , ; —— Jan —• ——. Mines Porcupine—. Goldvue Mines . — 57c 2,000 * 20c ,.1 ; 44c July Sep 1.17 " : 3c 18c 18 Vic 18c Gctfdcrest Gold ^ Gold Eagle Mines 37,500 53c 1.05 Mines ? 4%C 52c Gold 4c Gold —_— Madsen Red .Sep 9c 71c i.«8 22c . 10c- July 1 Glenora Gold Globe Oil L B Range Since January 1 . 1.70 Low 1 MacMillan Export class AClass Shares 7.15 Mar 5.40 May 613,900 - MacLeod-Cockshutt for Week Range of Prjces. Sale Price • Par Jan 107 July 105 5 3,133 6.40 ■ • 18% Feb 14% Aug 125 15 v» v 6.20 > Jan 5% 3% May 25 '4% 4% —- — Yellowknife Gillies Shares Low General Steel Wares common . Last STOCKS— Sales f Week's Friday for Week * General Bakeries SEPTEMBER 26 WEEK ENDING FOR Sales Range of Prices - RANGE MARKETS LISTED CANADIAN Monday, September 29,1947 CHRONICLE Sep 15 July 18% Sep -47% Sep ^ 135r(July<;^ , 4.50 Jan ■Volume 166 " Number 4633 THE COMMERCIAL & FINANCIAL CANADIAN RANGE Friday Week's Range Last STOCKS— , Sale Price Low Sand River Sannorm Sarnia Gold Bridge Scarfe Ltd class A Sheep Creek GolcL Sherritt-Gordon Gold Breweries 54c 22 21% 14% A 14'A 14% 133/4 190 25c 2,100 245 159 24% 1,100 45c 46c 17,600 36c 50% 80 " 50% ' (1944) Standard Paving 17 1.25 1.39 63C 62c 67c . com 7% Starratt Olsen 5% Gold 1 Steel Co of Canada 10 17" 21,500 Apr May May 91c 9,200 50c " 1 67c Preferred .25 20 175 19 Apr 23 6 no 5 Aug 8 50 70c 7 215 80 2.08 2.15 9,350 22c 500 2.10 2.05 2.21 5,500 26c 27c 5,900 2.25 2.20 2.30 May!!"' 97/a 7,783 Feb 8 May 75'A 5 22c 1 Surf Inlet Consol Gold.. .50c Sylvanite Gold Mines —1 Ymir ; York River Gold 69C _. 69c Tamblyn Ltd Preferred 73c. 27 Thurbois Aug 1.75 17c 1 3.85 3.80 4.05 '52c Jun 1.70 May 68c Traders Finance class B Preferred Corp ; Co Canada & Canada Jan Jan Dom Sugar 9% 9'A 9% Mining United Corp class A „_i —,—. 12 %c 12 %c * 1.00 Canadian Feb Vickers Feb 28 y2 Jun 54 4.25 Jun Canadian 60c Jan Preferred Sep Fuel Class B class A -50 preferred. preferred 65c Paper For footnotes 26 Sep 31 May 64 3 May 92 92 93 275 67% May 20% 21 175 20% Jan 12 %, 14 155 12% Sep 23 23 10 33 33 75 148 148 10 2% 20% __ __ 33 2% Oil Aircraft Bridge Feb 36% 154'A Apr Sep 1,800 2% Aug ,39 30 37% Au« 100 1.05 1,549 14 % May 19% Feb 35c 38c 4,600 32c 72c Jun 19 19 25 Feb Hayes May 10'/a Feb Humberstone Shoe ?!2ic Jan Feb Apr 49% Feb Southmount 14% Sep Temiskaming —* 18% 18'A 18% 2.50 2.45 2.50 1,300 25 22% 25 245 23 23 53 Minnesota & Ontario Paper Price Bros 5% May 94 1,025 0c —. — May 30 10 18 250 Aug 17% May 42% 30 h —.—__* — Paper common 37 Feb Jan 100 Mar 14% May. 20 Aug 425 1.90 20 Jan 3.00 Jun Jun 30 Feb 16 21 Apr 9,360 ,4 41 May 49 25 49 20% 21% 60'A 60% 10 41c 41c 504 8c 9c 2,500 21% • * — —,—* J — Mar Apr 92 57 56 % 100 Mining 26 31 15 49 — • Invest Jan 5 - Jun 21 31 94 Langley's Ltd preferred —1% ,31 31 94 Feb 1.10 Jan 13% — * Sep 103% 8 % Jan 35c —• — *38 8,650 Feb Mar 2.40 17% ,* Jun Steel 3% 50 Sept 17'A- .24 % I Feb Sep 21 % July 67% July 42c July 52% May 23c Sep Jan ' 15% May 3,325 57 68 V Jan 6%c May 12c Jan page 42. see Statement of Condition of the 12 Feden ;; «... I \ 1T Treasury the buying rate for cable transfers in the different countries of the world. give below a record for the week just passed: EXCHANGE RATES CERTIFIED Reserve Banks Combined BY FEDERAL RESERVE BANK (In TO TREASURY UNDER dollars) Increase ( + ) or Decrease (—) Since TARIFF ACT OF 1930 Sept. 17, 1947 Assets— Gold Sept. 21, 1947 1946 $ certificates — fund for F. • 20,017,674 — L996 + for Cable Transfers in New Value in United States Money R. notes York 705,068 — 459 ;» it 2,690,46)6 ■ ■ . Buying Rate Unit of Sept. 24, Redemption Noon Monetary thousands We SEPTEMBER 19, 1947 TO SEPTEMBER 25, 1947, INCLUSIVE ;j. and 25 »A Mar 17% Pursuant to the requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank certifies daily Country Jan 26 * to the Secretary of the FOREIGN 21 1.05 * May May 58c May 15% Jan 130'A Mar 38 Feb Foreign Exchange Bates j 2% July 23 7A . 1.05 39 Feb 94 - * Donnacona Paper Foothills Oil 1,694 — Feb 5% July • Dominion Textile common— 110 26% l High 43 ___ Dominion 14% Low 205 2 Feb 49% Range Since January 160 * Feb 14 14 Sales 6,325 ^5 12% 27 JUn i 62 — 116'A 102 16% Mar 5'A Lumber Westinghouse Sep May 10 Mar Sep High 26 * 10 55 Jan ' , Week's Low 100 108 48 —25 50 4% common DeHavilland 5,750 10c 14 30c ' 14 Shares • — Dalhousie % Jan May 60% common Jan 10 Aug 5 Coast Copper 18 18 20,500 17% Mar 3.40 19c Aug 30 . Class B 12c Jaa Apr n for Week * Industries International Union -1,000 of Prices __* 25 37 70c 23c Aug 20c 61 Vinegars 70 102% 102% Onion Gas Co— United 37 23c Jan May 2.70 May 1 10% Aug 109 65 %c *7c Range Pulp & Paper com—'* common Preferred 30c 10% 37 13% 20c 100 British Columbia Aug Sep 108 — 1,675 * : . Aug 10% Too . Transcontinental Resources 21 c Mar 2.75 Aug .32c 6,500 * Aug 4,000 Par Asbestos Sep 2.85 3.20 May 300 23c .50 2uc 10c Sale Price 16c 10% 20c 10% A Mortgage July 19,500 14 STOCKS— 52% 107,650 10'A 23c Toronto Iron Works class Toronto 34c 39%C A__ 10c 16c Last Mar 31c May Feb Jan 16c 2,280 Friday 26 35c 31 108 7%c May Canadian Funds Jan 2.70 27c May 39% Mar Sep btp 22,000 3,500 13c * —_ Jan ' 89% 1.98 May 6,100 35c class :. Sep 26% 104 10'Ac 10%c common Sep 3.20 . Feb 22'AcMar May 19c 4,485 49c Mines 16% Jan 29% 10c __ 1 Jan ' 25 Gold > Mar | Consolidated Canners Tombill i 50c 23c 3.10 lie I* * Canadian Western Tip Top 16 16'A 1 Sep July ; Feb 83 Sep 10c 300 53 49'Ac Teck-Hughes Gold Mines Thompson-Lundmark Gold Mines. 13c Feb Feb 8 36% 47 rr 1.06 Jan Sep 78 1,200 27 53 .50 — 14y2c Girl Knitting 45 12C 4.95 26 Jun 20c 1,171 , 10 %c 13c _• —— Yankee 10 %c _1 _ common Mines Canadian Taku 26% 1 Brown Sullivan Cons Mines 36% 104 104% .Feb Mar ,, 14c July 23% May 120 26% 7 1,900 28% 104 - 55c 3,000 2.15 4 5% May 2,800 76% 17c 1 15c 28 ' 100 - 80 Steep Rock Iron Mines Sturgeon River Gold 15c 26 % 1 Yellorex 4.20 May 21% May 28' J«n 22 410 36% *■ 100 12 -i 6 17c 17c common—. Wright-Hargreaves 1.43 July Jan 7% 75'A Steeloy Mining (George) Winora Gold 18% May 7% 66c common- 30,100 * Preferred Wingait Gold Winnipeg Electric Jan 78c 5% ———————. 34c 31c Feb 2.65 Sep Aug 10 550 , 10 2.00 May 7.20 2,409 - 15c » " 19% Preferred Standard Radio class A 8 , Winchester Larder Feb 51% July 4.60 24% 33c Wiltsey-Coghlan Mines Apr 33% 4.35 24 % , Grocers class A • Jan 54c 4.35 7% Consolidated Mines 15c High 7% May 5,200 1,645 1,000 24% (G & W). Westow 1 Sep • 68c 6 V com 15c , 106% Mar May 50% Sep 2.34 7.60 ' •17 1.34 Springer Sturgeon Sep 28 I10 + . 133/a July Aug 30 ' 103 2.25 7.40 Westeel Products Feb 32 3A May 30 -50 120 52c 40c 43c —L -_20 104 52C July July -12 Jun 103 52c - Mines 15 11% May 6% Jun 625 Southam Co Stadacona 53c 12 125 , 1 1 275 2.25 common Western 15 May 26% 12% Jan 5.35 Feb 12%. Apr May 11% 103% Wekusko Low 8% 7.45 Walker Hiram Range Since January l High 8 —1 Waterous Ltd Jan 1.65 25c —1 Ltd.; Mines Waite-Amulet Mines Ltd, Sep Jan 13% 12 12% 1 Standard Chemical Upper Canada Mines- Ventures, Jan 50 1.00 May 2.06 Jan 26 — 25 y2 Shares 8 Sep 43c Sales for Week Low Steel West Malartic 500 43,230 11% common Preferred 30 1.05 A. ^ (N) 21% Aug 12% .1 Sep 75c 49% Sep 15'Ac May 10% Sep 25C Preferred Co 150 3.10 1 Sladen Malartic Mines 13 United ;16 y2 Jim May 240 2:85 2.90 Oitass 8 Simpson's Ltd class Slater io% 31c 3,800 13% class Par Aug Sep 29c . Sep 1.05 .1 Voting trust ctfs Gold 22 10 % common*—. Silverwood Dairies 20c May 16 50,300 20c -6O0 Mines. 11 10 ; 49% 18c 18c » A. May 105 62c 49 y2 III Silver Miller Mines—,.. Sisicoe 16% 59C * 4 16c 11,500 Aug Range of Prices Sale Price High 6c Week's Last STOCKS— Vicour —1, Shawkey Mines Shea's Winnipeg Brewery class 9,000 13 16 % 16% — Low 27c 13 26 Friday Range Since January 1 High 22 %C — Senator Rouyn Ltd Shawinigan Water & Power J Preferred Sicks' 24c l , MARKETS SEPTEMBER Sales Shares 14c 14 Vic ,__1 Mines ENDING (1289) ' 4; for Week of Prices Par LISTED WEEK FOR CHRONICLE iA 64.54J9 — , Total Sept. 19 Argentina, peso— $ Official | > Sept. 20 ——•—i Free—-- i-iLL 1~, $ .251247* Australia, pound — :»'"4 ".29^733* Sept. 25 Sept. 24 $ .297733* — — Sept. 23 $ „ $ . .297^33* ,297733* .297733* .251247* .251247* Discounts 'I 3,211633 Closed ctf. reserves 20,722,742 259,082 3.211783 3.212116 3.212116 .022826 .022833 .022847 .022835 Brazil, cruzeiro- .054406 .054406 .054406 .054406 118,646 1,901 — 13,910,979 Certificates 7,015,916 471,800 'Bonds l.f Total Due I.000000 Free, .899843 .896875 y ,.569800* . bzechoslovakia, koruna .208604 —. Closed 1.000000 .901875 .901250 .900937 .569800* .569800* .020060 , .020060 .208604 fengland, pound sterling .208604 .208604 "4.031328 , 4.031250 4.031406 .008407. " U— — ; Netherlands, guilder .205776 > -• .377398 T-i .008407 .008407 .008407 .301729 India (British), rupee .301729 .301729 .301729 .205775 .205775 .377411 .377460 .205797 .205790 ■; " .377413 .377338 '• loans from R. Uncollected Bank securities- 22,118,385 securities- and foreign notes Other 22,238,932 banks other of 2,500 + 134,758 items 2,727,757 33,264 assetb Total : — — - | T*-' Free-I— — New Zealand, pound —— —— Sweden, krona • — .278214 fr> i; _ 4.007500 1.000000 1.000000 ,898750 .898750 j 3.225000 .201580 .201580 .201580 .040304 .040244 .040263 .091324 .091324 .091324 .091324 " • .278264 .233628 Closed 4.007500 ,278221^ .278264 '• .233628 ' 4.007500 ( .278214 ,233628 .233628 4.007500 4.007500 + 351,701 + "524 ^658300* •Nominal rate. — —1,924,748 + —533,753 1,401 + 46,166,064 j;[i7 —: 4,838 287,795 + ; $22 +- 319 + -176,523 + 76,085 + 73,546 16,830,557 —297,448 + 855,935 — ; .658300* .658300* .658300* .65830Q* •.582040*- .562040* .562040* .562040* .562040* 3.302 947,425 Deposits: bank—reserve U. 8. Treasurer—gen. Foreign acct. acct. 799,663 400,720 + — 559,269 31,418 523,507 + 25,821 18,554,447 + 256,224 deposits Deferred availability items Other liab., incl. accrued divs. Total liabilities 2,393,983 20,899 —361.053 +, 2,301 45,459,141 -178.613 193,442 20 Capital Accounts— Capital paid in Surplus (Section 7) Surplus (Section 13b) Other 128,403 — 266,924 — 20,058 — + 439,703 + 374,826 7,502 + ' 895AQ7 + capital 27,455 accounts 46,203 deposit and F. R. liabilities combined— Contingent liability on purchased for foreign respondents Commitments trial loans to make bills 46,166,064 + 9,328 + 439,823 Total liabilities & cap. accts. Ratio of gold certificate re¬ note ... i 35,600 —1,747,418 - Federal Reserve notes serves, to . ——— 123,800 3.225000 3.225000 .201580 .040238 • . Uruguay, peso— V _ " > ; 3.224660 . .233628 Cnioh of South Africa, pound Controlled '' .091324 — Switzerland, frano Noncontrolled Closed .040244 —— 1.000000 .899583 / .894375 3.224500 —. .201580 (Spain, Peseta i LOOOOOO .897500 SNor^, krone Portugal, escudo— i ' 1.000000 759,4913 — 24,489,812 assets Liabilities— 49,430 828,525 — 362,762 Total [ Official. 870 3,338 — Other Newfoundland, dollar— , — 9,500 99 banks— premises Member ' • F. 40,563 174,862 '+. + 374.762 — — .020060: .208604 ,4.030546 France (Metropolitan) franc— 1.000000 .569800* ;.i .020060 Denmark, krone Mexico, peso- 1.000000 72 + 2,625,947 —- 719,690 Canada, dollar— Official + — 11,133 — .Notes Total U. S. Govt, , 2,455 6 378 + purchased .054406 I — — Govt, securities: Bills 3.212116 .022846 advances loans Acceptances .251247* Belgian, franc and Industrial U. S. .251247* gold Other cash • Sept. 22 81,468 + ■; + -176,523 127 39,^05 2,070 + 947,425 -• 48.1 % 0.3 % + 3,125 111 + 3,125 7,400 67 + 1,439 ' - , 5.|f» cor¬ indus¬ THE COMMERCIAL & FINANCIAL CHRONICLE (1290) 42 Monday, September 29,19(47 OVER-THE-COUNTER MARKETS Quotations foe Friday, September 26 Investing Companies Par Funds— Mulutal Aeronautical Securities 1 X3.81 Holding Corp_x—10 1 Amerex 2914 American Business Shares.) Par 5.55 Series, S-2 4.17 ! 11.59 Knickerbocker Fund 7.88 15.12 16.43 Loomis Sayles Mutual Fund. Loomis Sayles Second Fund M 14,93 5.13- * ... 12.65 4.71 4.31 -— 8% a (When, Ask 13.68 Series S-3 Series S-4— • 4.25 ,7.29 Axe-Hou'ghton Fund Inc—_ Axe-Hough ton Fund B ; Bid as and if issued) Keystone Custodian Funds (Cont)- 3114 , 3.88 Oil shares- Standard Associated Reorganization Rails Ask 5.05 l'A Fund Inc Affiliated Bid Bonds— 1-_: 1st 4s 5,70 Conv 99.68 10 ' Bid ■ Ask Chicago Rock Island & Pacific— Stocks— Bid Ask , Chicago Rock Island & Pacific— -1994 4%s_ income _* 2010 102 103 78% Common 80 5 % 24% preferred—— ._1G® 2<y 58' * 59'% 48.21 47.25 ' Managed Beneficial —1 Corp Blair <fcCo_— 5% 1, Paper shares Petroleum shares 101.32 19.69, Invest Co Inc Automobile 4 97.27 Boston Fund Inc——L——5 Broad Street 614 314 Bond Inv Tr of America—______ Funds— shares 4.18 3.79 4.43 4.88 4.21 . . 4.64 Manhattan Bond Fund Inc— 21.29 Common 10c 7.52 8.24 -1 24.84 26.85 1 10.94 11.83 Mutual.Invest Fund Inc 10 13:70 14.97 13.51 14.51 9.66 10.44 6.95 7.63 Aetna Insurance——— Ihcome series— 4.44 4.91 Aetna Industrial stock series 6.00 6:71 Agricultural priced bond series 6.60 7.26 priced stock 17.90 18.62 l Low 10.56 16.99 ——1 Fund Low Bullock Fund Ltd : Mass Investors Trust Mass investors 2d Ltd: Canadian Inv.Fund 1 Chemical Securities Preferred 4.95 27.86 29.96 —I Fund—a— Christiana 3.85 —* Century Shares Trust 13:55 10Q, Balanced >14.66 com_L~100 2,990 - Nation-Wide 15a - —1 5:68 6.17 Delaware Fund——,::———1 14.71 15.91 Dividend Shares——. —25c 1.43 1.57 Commonwealth Invest- Eaton 8s Howard— Bond 23.99 1 series—,— Par —*—_> . Life—1__——_ 25.65 4.04 8.26 American 15.81 Selected group series 3.64 4.04 American Casualty 25.42 3.65 American Equitable— 2.02 Speculative series, Stock series 3.27 1.85 5.07 5.63 American Fidelity & 14.74 15.81 First Boston —10 Corp— New England Fund 34'A 3 l'A First Mutual Trust Fund-L——5 1 Fundamental Investors Ine_—_2 13J.9 14.45 Trust shares A—2 5.6T 6.54 Automobile Corp_j.——41.66. 44.80 9.63 Agriculture Fundamental General Capital Aviation shares———. Electrical Boston 12.55 10.69 11.72 Camden 11.01 12.13 City 8.10 8.88 Connecticut 9.93 Continental Casualty,- 7.88 Mining shares— 8.31 RR Steel • _1 Fund 10c 1.68 21.52 23.26 Securities Ltd—v shares Group 86c 90c 1.00 Group shares 13.11 -14.36 Investment Co of America.-—10 26.19 28.47 Invest Management Fund Inc—1 13.31 13.62 Secies K-l Series S-l_ 48 48 •28 31 _10 Preferred 14.50 68 71 Providence-Wasnington 11.66 Federal 48,%. 6.81 Fidelity & Deposit o£ McL 5.61 Fire 7.87 Fireman's Fd'of San Fran____10 Assn Firemen's _20 of. Newark 145 150 10 of Fhila. 46. 49 Republic 84% 88% Revere .5 12 5 41% 5 *• Globe & Rutgers Fire 2nd preferred^- 49.85 2% Republic 10.87 11.76 6.35 6.96 Great 14% 19! Bankers Trust 7.30> Union Common Stock Fund B.—_ Union Preferred Stock Fund, street Ihvesting Corp 1 U S 25% U S Fire 99% U S 32% 35y» Westchester Brooklyn: Trust——100. Central Hano.ver Bank & Trust 20 Chase National Bank loo 105 93% —15 Chemical' Bank & Trust.. 42 ' 96% • 34% 36% 41" 10 Ttust Co- 1 17.36 15.16 16.30 1 7.18 7.87 2.50 6.61 ;7.55 . Federation Bank & Trustee Recent North 2.27 3.30 Detroit Edison 1 2.71 El 2.56 First Trust 100 Graces National National J.. Kings. County - TrustLawyers Trust xl65 180 190 10 —.100 210, 274 14% : 1,525 25 49, 20 15% 1,575 51% 56% New 72' 76 Public 19 Sterling. National 39 Title Guarantee & Trust 1,355 " 1,415 York Trust United 25 NatT Bank & Trust.17% States l%s Land Oct, Bank Bonds— Bid Ask 1, 1950-1948 1%S May 1, 1952-1950 99.20 . 52 247 98 % lOO'/a Connecticut Light & Power— $1.90 preferred 2%s——1976. 99 99'A 100 100'A New 100% 101%. Paso Electric 3 %S—1972 41% 43% 92 , 95 41% 25 68 1, 1953-1951 100.10 10% 1955-1953 103.10 103.14 - 32%, 52-'. 3o% 100, 610 Service (Colo)—%- Co Brook 1977 27/aS—19-76 2%s__19o6 Toledo Edison Co 2%s—-1977 Tenn Gas & Transm Utah Power & Light * 53 % 54 102% 104 100 96% Service-— 102 102'A 101% Pennsylvania Electric— 98 102%" 99. 100%, 101%, Pitney Bowes 4%%, pfd .102 Ohio 98'A Pacific Pwr & Light 3%s—1977 100 " Pennsylvania Electric 2%s„1976 98 ( Philadelphia Ei Pwr 2%s—1975 99% Portland Gas & Coke 3 Vstf—1976 98 preferred: 3.70% 103 99'A ' 103 . 99 98y2 100>/2 100 : T00% 99'% 3.50 100 preferred Tucker Container Corp —100 "A" 102 51%- 52% 87 90 6" —1 "A". pfd 6% 4%,w ,'^l Victor Chemical 3%% White 100 (Indiana)— preferred— Seaboard 5Q- 97%r 100< >10Q Auto Stores .. 6% 5 10iy2. 7% 103% 100,/2,. , 101'A * 99'% 102% 99% 100% 2%s__1976 - : 640 Bate* 100.1 purchase 100.4 100.1 100.4 1947 October 125% Bid Ask b0.375: 0.34% b0.76 0.70% Treasury bBla— October-2, 1961 quoted are far discount at Ask Other Issues Panama Canal 3s Public 101 Light 3%s—-1965 Public Service 2%s____1976 2%s- 1st. mtge— 52% 106 ; . 101%. Laclede Gas Scranton-Spg 10% 51% United States Treasury Bills Bid IVis- Apr. 15, 1948 1 (45 Sept. 15, 1948 100.12 Ohio Ask 96 9% England Gas 8c Elec— 4% % preferred 3.90% — • Bid 94 11% 100:14 1, 44% ; : 69/ 72 12 Trust 1977 - & Gas 2%s $2' preferred- Public Service 53% 253 39% Federal Land Bank Loans— 99.24 t%s Jan. 2%S Feb. 100.8 Par Stocks— Birmingham Elec $4.20 pfd__100 Clopay Corp—— 1 97% Obligations Of Government Agencies Federal 99 V*. lOO'A Public 54% 16 8$ 98% Ask 265 16% 100 Bank— Bid 100 : 15% x3Y _2.50 —1982 2%s 1977 Illinois Power Co Z'As —1976 Iowa Public Service 2%s~-1976 Kentucky Utilities 3s_______1977 100 Guaranty Trust Irving Trust- Morgan (J. P) & Go-Inc loo National City Bank ...12% 10 Fire_ Cudahy Packing 2% sl—1967 Shares— 1955.-. Par Fulton Ask 83t Arkansas Pow & Lt 2%s___1977 1 Amer Trust 1966 American Airlines 3s * 42% __10 42'A 49; Security Issues Bid Bonds— Shares— Independence Trust Shares 10 Trust.. Fiduciary Trust Id TfP®- Trusts— 40% Exchange Bank & Trust-20 Empire Trust.— 50 2 —4' . m Manufacturers Trust Co^ Corn I Guarantee H 18.95 1 20 Continental Bank & Trust Fidelity & Guaranty Co 568 9.47 43 Commercial National Bank & 29% 553 21.96 9.28 Wellington Fund Fund Inc. Ask 353 -ioa 7.99 20.03 City Banks & Trust Bos. 40 31% 29% 6.58 Electric 338 .10 26% 108' 103% 19.94 6.01 c-~% Series 1956 Bank of New York——100 Travelers; 95) 18.24 TT®erie® 2T.43 26% -24%, 10 22.47 Series 24% Security New Haven 10 Spring! ield. Fire. &. Marine—25. Standard Accident 83 c 19.41 Co..10 48% 23% 10 —' 3s Manhattan 69* 46y* 27% 75c Iowa-Illinois the 66 10 __5 Fire. Florida Power & Lt of —12% Sulety_ —lo —. —— 19 23 86 Firestone Tire & Ruh 2%s—1972 Bank 8% , 82: 21.79 10c Series E Bid 16% 44 7% ' 15 American Hanover 5% 28% 17 13 15 com — , 28% > Globe & 3.33 28.22 4%, , 10 Glens, Falls Fire___ 3.08 34% 10 Fire__: 16.12 14.99 26.24 % ( N Y). (Texas)— (Paul) St Paul" Fire & Marine; 23.14 Par Reinsurance Corp 4% 32% _ Seaboard Fire__,————._5 Hartford Steamboiler lnspect_10 Diversified New York 78. 51% —10 50.50 17.83 25.14- : *3%. Accident 20% 1 10a4 52; 7.4 28% new TV*. 73/ .. 48 Co 19- 17.78 1— Indemnity 26% 1 70 Fire Pacilic General Reinsurance Corp :_10 Gibraltar Fire <fe Marine—_—10 I 6% • 98-'v Pacific 30 47.50 26.54 9.67" 5 12.50 rhoenix State Street Investment Corp Trusteed Industry Shares— —25c 29.21 8.88 —__ — 5 lh 77 ,_10 Crura & Forster Inc 10% 22'%. — —a— Franklin —21.21 ——— 74 Life. Hartford 16.3.4 — Series K-2 Northern 81c 24.33 , —. , Northeastern 16% k 48% .5 8.46 Investors 27:92 — Series 8^4 22% 14%' 10 73c _ Series B-2 20%, York. General • ■ 2.5a 11.33 Standard Utilities Keystone Custodian Funds— Series B-3 5 32 18% 4jfi -.—.Id- 28 8.24 world Investment Trust Series B-l Fire of New 28% 2) River 7.72 Series. B 9.18 78o — Bond Sovereign Hampshire Fire New York Fire— 10.34 Fund lnc "J 8.37 — shares shares— Group and > ' Insurance Group Stock ■ 1.63 —5 Investors, 69c ' , North Union Bond Fund series A_. »-v 1 Bank 62c Inc Common Institutional 4.53 5.60 New 61% ■ 20. Trading Selected, Amer Shares Holding Corp... Aviation 4.17 71 57% 5% 29% 26% ;_i0 & Putnam (Geo) Fund— Republic Invest Fund • Russell Berg Fund Inc Scudder, Stevens & Clark 4.65 5.25 Brunswick -—. Tobacco 5.16 — ; Income Foundation Incorporated Steel— Petroleum 4.53 25 _I0 5.12 7.35 4.83 New 5% ■ • 4)% 5 74 4% ■ 6.21 . 2:71 4.28 .— Shippers-. 7.18 Railroad Railroad equipment. 5.59 2% -■27% ~~2 Amsterdam * Casualty 10.64 — 6.78 ■ ; HUroh 7.58 ' & 10 Employees Group _• Employers Reinsurance——10 7.52 Pacific Coast invest Fund v ' Public Utility 4.17 — shares.. •■Oils Baltimore American Fire—" New "1 10.59 13.23. 7:60 6.77. stock shares™-,—.shares... Tohacco Utility ' 11.20 9.66 —— 2.48. — shares.—— Metals 9.06. 10.22 ; 8.16 6.25 shares— Equipment shares Railroad 4 9.99 ' ——5.15 shares——, Bond Machinery Merchandising 5.81 7.52 snares———, Diversified preferred stock Diversified industry. ' Electrical equipment Insurance stock ; * 10.74 ■ 6.99 shares—-.^.— Petroleum 10.71 11.54 7.66 —:——. Railroad . 9.77 10.88 9:52 Low Price National Liberty—-—".,— National Union-Fire 11.45 9.9-1 47% National Diversified Investment Fund- 6.92 44% 18 % 35 6.61 5.43 2®% 56 V* 7.50 8.77 6% 26% 16% • 34 (Detroit)J__10r Casualty 32 Bankers Institutional bond shares—— investing National 54 % 9.59 T.01 Merchandise 27% lo ' 21% 5% Automobile , 5L% ' 20.' 18% ■ 25% „10 13;% 40% 25% American Surety—_ _—__^25 — 36% 12'A, 5 Y 7.04 11.06 industrial Machinery, shares.. - Reserve——-! 33% 4 Assur: 8.22 8.75 7.26 shares— 1.7/- „10 Fire Mlrs, Fixe N 6.42 — 10.09 5.35 —— Administered^ shares:— bond 2% Building supply. Chemical Corporate bond series 6.38 Equipment- Food-, shares—— General Merchant Merch Bank stock——. 8:09* shares—:——— FuHy 16% 12- 5.7'4 5.00, i__ . Chemical • 9% 10% 89% -2a 7.50 — ____ — Building shares 20 " 36.- 10% American of Newark. American 18 33% North Maryland Casualty common—X Prior; preferred ._ -10 Convertible preferred ,—5. Massachusetts Bonding 12% 15% 6.09 —,— shares— Automobile 10.55 Jersey Insurance of N Y 5 6.91 1 General Investors Trust— Group Securities-— Agricultural, shares 5.32 Aviation Insur Co of 23% 68 —__5 American Re-Insurance New York Stocks Inc— 5/78 5.23 46 42 65 Casualty-5 , .10 43% __4 14.79 Inc_ 5 America- Asit Bid Par — a 40' 10 Automobile 23.62 Fund, Industrial Home _l0 American Alliance 7,48 1 Stock Fund 77% 25 Fidelity Fund Inc-———_____1• Financial Ask 74% .—10 _. 3.58 common Bid 10 Aetna Casual & Surety Preferred stock series - -1 Fund— Balanced shares National Investors Corp National Security Series— 3,090 147 Insurance Companies Securities— 9, October 126% 16, 1947 1947 b0.76 b0.77 bo.77 1947 November 6, November 13, 0.70% b0.78 October 23, 1947 October 30, 1947—^ 0.73% bo.78 1947 0.71% 0.71% t ; Bid Ask November 20, .1947. bO.78 0.73%: November 28, 1947- b0.79 0,74%.. 1947— b0.80 0.75%' 1947— b0.80 0.75% 1947— b0.81 0.77% 1947. bO.82 0.79% December 4 December December December 11, 18, 25, 0.73% Quotations For U. S, Treasury Notes Figures after decimal point Maturity— Int. Bate tSept. 15, 1948 HOct. 1, 1948— —1%% Bid represent Ask b0.97 0.94% b0.98 0.95% . x w Maturity— Dollar Price 100 Plus one or more 32ds of Maturity— a point Dollar Price 100 Plus Certificates of Indebtedness— *%S Feb. 1, 1948 t%8 Mar. 1, 1948 100.0128 .0255 100.0157 0309 100:0016 0217 99.9948 .0183 .0495 1947 —,—100.0134 .0207 1947 100.0171 .0275 t7/as Jan. 1948 100.0153 .0257 %s 1, Indebtedness— Bid Ask — b Bid yield.price, d Deferred dellyery sales (not- .0178 100.0198 100.0000 f%s Nov. 1, t%s Dec. 1, t%s Apr. 1, 1948 t%s June 1, 1948; *%S July 1, 1948 Series F t%s July 1, 1948 Series G t%s July 1, 1948 Series H of (not included In year's range), Odd lot sale .0173 99.9953 99.9958 1947 V/»s Oct. a Ask .0240 1, Certificates Bid 100.0137 Oct 1, 1943 wi— Included in year's (not w included In i When issued, ♦No dividend. par range), eEx-interest. year's x value, t Ex-stock range). Ex-dividend, fin default. fFlat price^^kRemoved to Stock Exchange., r Cash sale* y } dividend. Ex-rights. (Un) Unlisted . issue- w d When, delivered • tThese bonds are subject to all Federal taxes. 'ft SEx-liqUidatingr Volume 166 Number 4633 THE COMMERCIAL & FINANCIAL CHRONICLE (1291) THE COURSE OF BANK CLEARINGS Bank clearings this week will Preliminary figures compiled by show increase compared upon telegraphic with a year ago. advices from the chief cities of the country, indicate that for the week ended Saturday, Sept. 27, clearings for all cities of the United States from which it is possible to obtain weekly clearings* 9.7 % above those for the corresponding jfiveek last year. Our preliminary wUt be total stands at $13,836,323,784 against $12,612,074,652 for the this center there is same At week in 1946. Our comparative sum¬ Pennsylvania—Altoona Clearings-—Returns by Telegraph '•<#& New York 1946 $3,77^364,718 Chicago 53^322,371 Cleveland- Baltimore. ; + 23.7 240,400,000 + 4.4 340,661,000 + L.8 196,696,040 + 50:8 216,852)562- + 41.1 1,166,546 980,509 + 19.0 578,591 1,347,914 1,070,436 2,747;319 —31.2 + 16.8 4192,692 679,980 1,678,420 662,000,000 151,377,718 2,073,938,795 Philadelphia Reading Total ■ We cannot furnish them ' we able are ■ West + 11.2 today, in ended Sept. 20.. For that week there in all week in 1946. same was it appears that in the New York District . -:. results for the week previous—the week a decrease of 0.6%, the aggregate of clear¬ a gain of 9.4%, the bank a loss of 9.1%. We group the cities located are District the totals register a and from (including this city) the totals show ing off of 8.6%, but in the Boston Reserve District the totals decline of 7.0% record a ac¬ fall¬ improvement an In the Cleveland Reserve but in the Richmond Reserve District gain of 10.9% and in the Atlanta Reserve District of 3.3%. by 2.0% and the The Minneapolis Reserve District by 33.6%. In the Kansas City Reserve District the increase is 22.5%, in the Dallas Reserve District 19.0% and in the San Francisco Reserve District 13.8%.In the following we furnish U a OF BANK of Federal 1947 20 Reserve Districts 1st Boston 2d York New 3d $ 12 cities , 12- .— IT Philadelphia 4th Cleveland 7 5th Richmond 6 6th Atlanta — 10 . 17 7th Chicago 4 6th St. Louis.. 6th Minneapolis 7 Kansas City.. 10th 10 .— 6 HUi Dallas 12th San 10 Francisco " Total S 549,954,633 7,330,053,979 •• 1948 (6 cities) 8,017,171,292 • Tennessee—Knoxvllle 438,571,751 +13.4 +14.2 3,000,865 4U8;507, 242,875,574 302,230,126.J 655,002;969 707,211,789- 504,221,247 454,524,791 620,562,663 984,970,638 508,074,094 481,901,698 44-' 8.6 7,225,615,729 5,720,796,388 5.3 687,443,834 695,164,006 7.0 655,002,969 707,211,789 + 10.9 344,595,510 318,115,419 + — '■ • 600,978,220 + 3.3 462,631,954 845,500,511 + 16.5 698,605,422 493,522,583 + 2.9 349,768,820 326,120;838" 838,563)997 — + 33.6 289,845)947 44 We add now 421,928,071 + 22.5 339,638,410 + 19.0 176,572,719 173,940,550 853,756,604 750,154,496 + 13.8 601,747)328 586,950,068< 14,380,257,840 14,461,775,779 0.6 12,270,040)393 10,585,680,104 6,663,109,308 — 9.4 + 5,232,777,208 showing the figures for Week gearings' at— Ended 1944 Sept. Inc. $ 5,038,668,935 each city for the Mobile I ZZZI ... 454:524,791 +10.9 344,595,5101 318,115,4104 Portland- - x—s -Vr . 1944 $ $ Seventh Federal Reserve Pau River. ■' Bedford* — Bpringiield 4,550,367 467,942,756 1,989,338' —— fcowell New 1,625,768 4,535,584 : 1,704,652 "790,978 698,148 1,967,164 " 2,010,351 6)676,7 94 0)300,481 9.2 + — 5,100,421 Mhode New Islandr—Providence Hampshire—Manchesteir. im: Total — ....' 9,514,456 28,849,800 ; 21,000:219 9,408,127 New Haven 4,625,094 22,837,172 -£ Connecticut—Hartford 28,879)706: 1,535,984 1,102,641 575)235,163 540,954,633 3,972)070 . 373,523,188 + 16.7 +13.3 748)0593,677,620 - 383,215,868 1,235;499 . s 1,032,327 436,483 430,452 + 2.1 1,601,818 1,344,816 5.8 — 4,560,032 York—Albany—, Rapids ; Moines 1,712,466 Jamestown 2,279,201 York Bochester 2,365,483 92,313,881 Buffalo New 11,311,350 2,885,056 Blmira 7,087,624,033 + 10.4 3,041(674 + 8.7 19,252,654 17,314,390 — 1.2 6,224(067 5,292,641 0.1 22,999,500 19,097,400 + 39.3 683,793 694,727 — 4.6 + 438,571,751 430,267,895 69,380,000 72,600,000 + 34.6 1,435,841 39.9 1,117,582 .1,628,887 7,798,666,471 + 16,485,516 9,779,080 10,520,004 604,544 •645,447 9.1 7,037.263,125 5,547,011,169 5.4 11,421,000 10,898,808 + 10.4 —: 6.3 37,985,918 + 8,017,171,292 6,902,108 8,221,772 5,718,104 8,111,636 ; — 574,274 ^ 520,455 1.8 + 47,521,592 7,330,053,979 1,594,731 + + 10.1 38,664,895 — 955,412 - — 52,198,107 Northern* New Jersey $0t»l (12 cities);— 1,305,865 + 16.9 1,271,896 ll,eiQ;o59 Newark 68,270,851 58,126,713' 1.7 4,633,297 281,337 —15.7 lOf,655,811 5,162,027 > 338,579:; 98,804,820 3.3 462,631,954 430,705,850;, 600,978,220 + 48.4 + 1,203,574 + 22.5 662,460 9,551,537 + 5.8 4,418,110 + 18.2 6,240,424 3,602,260 •2,745,212 34.358,000 4,586,479 + 17.7 46,033,000 + 15.8 4,499,444 + 11.8 13,149,341* + 12.7 ^0,326,863 .3,663,754 + 50.7 8,804,405 524,337 882,193 659,859,551 2,788,292 2,568,498 9,804,853 + 25.4 + 33.5 2,957,512 + 29.2 845,500,511 2,140,492 . r 3,082,920; 14,077,297/; 7,307,682 556,251,925 1,647:361; 7,383,314 2,417,304 8.6 3,699,982 L 984,970,638 + 15.3 + 7,819,008 4,938,300 ' + 13.4 1 4,742,607 3,293,492 31,542,000 4,339,043 8,234,050, 38,544,1391, 3,131,195 15,520,096 9,506,851" ,3,821,101 . 39,1O4;970 + 14,2 + 33.1 760^ 687' 520 (17 cities) + 19.9 3,209,252 1,017,813 . . 2,765,769 11,265,292 21,229,326 14,325,320 580,645 ; 5,285,986 512,69b 490,422,606 1,663,102 6,386,778" , 2,235,377 2,260,761 + 16.3 698,605,422 624,511,176- 1.6 214,700,000 . 209,700,000" 75,062,688i. 55,098,783 1,156,000 Eighth Federal Reserve District—St. Louis— Missouri—St. Louis Kentucky—Louisville +•■ 284,100,000 279,700,000 125,935,711 113,776,347 96,260,726 1,777,657 98,673,806 508,074,094 Tennessee—Memphis Illinois—-Quincy 493,522,583 + + 10.7 85,390,258 2.4" 48,703,876 — Total _ (4 cities) + 29.5 974,686 2.9 349,768,820 341,017,471 + 18.7 5,769,766 38.6 208,041,902 4,699,731 171,272,655 53,935,958 + Federal Reserve District—MinneapolisI Minnesota—Duluth 7,867,437 Minneapolis St. 1,372,430 Paul 6,629,538 353,753,920 96,169,604 „ 255,201,372 + 76,779,337 + 25.3 Dakota—Fargo 62,551,050 South 7,191,128 Dakota—Aberdeen.. 5,624,741 + 27.8 3,873,588 3,263,330 + 18:7 4,039,852 2,402,322 4,093,807 2,946,220 + 39.0 Montana—Billings Total — 8,952,214 (7 cities)-. 481,901,698 10,205,787 360,650,325 3,289,012 1,752,332 1,751,245 —+12.3 1,864,633 5,175,822 +33.6 289,845,947 241,478,669' + 39.4 164,614 + 39.5 19:6 366,721' 4,115,085 + 31.0 85)047,958 205,661 249,229 3)680,944 71,168,825 2,326,284' 8,933,407 212,382,165 5,711,844 1,023,016 1 4,777,736 Nebraska-—Fremont Hastings 409,254 577,748 6,938,431 131,865,743- Kansas—Topeka z 6,972,255; Wichita 414,107 6,066,573- + +14.9' 3:452,751 +15.4 + 18.6 229:140,062 76.L 7,256,932 10,735,910 344,244,803 11,210,580 2,283,374 Colorado—Colorado Springs Pueblo (10: cities) 6,364,496 1,195,137 + 1,518,383 + 517,065,190 City St. Joseph 9,302,161 290,317)148 1,827,092 Missouri—Kansas Total 293,554 5,801,523 100,654*989 7,571,534 + 91.1 1:545,142 20.3 972,031 833,448 421,928,071 +22.5 339,638,410 306,520.823 Eleventh Federal Reserve 7,336,097 —11.1 District—Dallas- Texas—Austin* 6,518,351 256,$13)009 25,984,599 Dallas Fort Worth Galveston Wichita Falls 7,654,000* 217,448,000- +17.9 4,134,258 144,436,000 145,032,000 19,180,470 5,128,000 + 35.5 10)61,2,058. 15,029,204 + 49.3 , 3,569,000 2,538,286. 4,434,300; 1,467,169 5,439,591 3,058;357 + 25.6- 1,767,908 7,986,931 +16.9 6,052,895 308,862,353 (6 cities) 2,434,951 9,334,046 Louisiana—Shreveport 259,514,449 +.19,0 176,572,719 173,940,550 95,481,058 102,407,289 2,928,728 86,939,837 30,696,716 6,944,156 1,570)766 17,373:644 ; 8,830:340' + 22.0 10,762,237 Connecticut—Stamford* Now Jersey—Montclair 6.3 + " ^ Syracuse' 5.1 — 2,503,759* 78,989,668 „ 6.9 + 5,772,740 28!246,770 ;— % Total 12,025,256 Binghamton ^ 1,793,676 jl 50,232,818 + 71,508,179 93,411,489 60,334,741 Sioux City"—_ 3,915,836* S«c«nd Federal Reserve District—New York— Mew „ 1,921,877 55,642,440 5,032,446 14,817,208 .. Wisconsin—Milwaukee Des 15,323,037 42,700,525 156,800,000 2,423,655 + 20.4 2,853,121 - \:\ 2,404,809 5,398,663 53,297,000 _— ■ 1.7 — 1,473,886 Indiana—Fort Wayne Indianapolis Iowa—Cedar 4,614,742 14;306,239 46,606,293 166,900)000* 8.6 10,102,421 5,220,550 Z Omaha 1,037)913 0.3 4.7 + 1 Rtoroe.ster-- 2,581,0441 41,076,7051 District—Chicago— Rapids Lansing South Bend; Terre Haute + 18.4 + 327,347 124,096,659 Arbor Grand Lincoln ' 489,768,140 — Massachusetts—Boston 101,399,544; 2,355,866- + 11.0 620,562,663 (10 cities) Michigan—Ann 16,202:185 485,664 ' 1,774,661 9.5 + 17.7" 63,802,758 218,499,000 104,629,516 Louisiana—New Orleans Total a 164,816,201; + 3.0 Tenth Federal Reserve District—Kansas City1048' r Mdiner—Bangor 1,395,925 6,938,000; 180:362)792 40,846,3-71 + North 20 or Dec. % First Federal Reserve District—Boston e-W 6,387,000 104,160,481 4.3 3,433,520 76,458,524 98,137,395 5,672:877 week ended Sept. 20 for four years: 1947 1,483,000 + 27.0 + 19,283,205 70:625,884 Mississippi—Vieksburg 306,520,823 259,514,449 . detailed statement our + 25.9 8,928,000 237,300,000 4.534,078 ZZ zzzzz: ZZZI Alabama—Birmingham Helena I 2,322,839 1 Macon Ninth 517,065,190 308,862,353 44. 7,292,633,807 3,832,558 241,478,669 430,705,850 624,511,176 44 112 oltles 7.0 2,915,079 148)177,201 3,550,469 218,675)242 72,865,050 44 Outside New York dty. 20:095.300 —11.3 341,017,471 360,050,325 : • 4 M + 26* 439,267,895 869,312,411 838,563,997, 124,998,322* 247,117,593 22,252,600 - Augusta $ " 4.6 — 779,987,797 3,865,513 141,513)192 239,557,960 5.3 ; Nashville Georgia—Atlanta; 1944 + 915,566,414 41 3,835.571 8.3 — District—Atlanta- * Decatur II llf 5.2 + — 504,221,247 . Sixth Federal Reserve Total Dec. % n 575,235,163 695,164,000 3,'924)301 3,894,725 Springfield or 687,443,834 6,198,509 Rockford Inc. 8,653^900; 76,016,677 Chicago CLEARINGS 1946 7,596,242 166,590,863 257,466,866 Columbia—WashingtonZ . Week Ended Sept, 1,659,783, , 24:047,900 Peoria SUMMARY 5.3 + 304,088)284 2,924,095 11,337,000 152,581,884 Illinois—Bloomington by Federal Reserve Districts: summary 1,573,943 District—Richmond— this Chicago Reserve District has managed to enlarge its totals by 16.5%, the St. Louis District 809,312,411 779,987,797 cities) Florida—Jacksonville of 4.6% and in the Philadelphia Reserve District of 5.3%. Reserve 4,136,075, + 19:5 289,295,882 ZZ" Carolina—Charleston"!!!'. Total present, further below,, we Outside of this city there was clearings at this center having recorded a 8,675,673- + 26.3 the week as f/ cording to the Federal Reserve Districts in which they the totals show —32.4 5,096,688 7.079,050 appear ings for the whole country having amounted-to $14,380,257,840 against $14,461,775,779 ill the (7 District has to be estimated. cases 1,691,991', 2,605,441 1,342,394 1,908,283 30:395)200 4,450,029 Richmond 9.7 + much as 1,818,054 3,207,173 3,322,759 14(288,636 7,987,851 152,708,839 288,070,346 „. Virginia—Huntington South —10:6 874,386,407 however, which to give final and complete + 10.1 915,566,414 Maryland—Baltimore, In the elaborate detailed statement, 3-.4v + 22.5 849,068 1,590,109 675,000,000 9,617,515 cities).. Fifth Federal Reserve ends Saturday and the Saturday figures are not available at time of going to press. j + 4,620,849 2.075,478 v 488,011 1,283,309 6,436,224 Jersey—TTentoru. Pennsylvania—Pittsburgh + 31.3 $13,836,323,784 $12,612,074,652 Accordingly^ in; the above the last day of the week; ? 5.7 5,661,373 Youngstown H ■ + 2,8*0;823 2,284,480* 3,972,144 Cleveland Columbus Mansfield Complete, and exact details for the week coveted by the foregoing will issue of next week. + 28.7 831(000:000 2,906,083 Scranton (11 . 878,000;000 York Ohio-—Canton, Cincinnati". 6.9 + $11,737,688,245 781,830,278 Total all cities lor week our 3,209,099 Virginia—Norfolk- $13.0^4,493,506 cities, five days All cities, one day , 4.7 — $9,663,749)450 2,723,438,540 Other cities, five days in __ + 33.8 282; 504,584 $10,3^1,054,966 Ten cities, live days Total ail 218,035,455 296,648,145 . 468,1241278 3^.986,100 Pittsburgh; + 11.5 3^p.769,000 St. Louis.. San Francisco I Fourth Federal Reserve District—Cleveland— + 33.7 230900,000 Kansas City 510,627,260 650,000)000 4^5,938.569 2^9,621,479 Boston 1944 $ 1.5 + 873,000,000 Philadelphia 1943 927,687 1,385,266 * $6,670,975,131 or Dec. % Chester Lancaster Total . #47 Sept. 27 Inc. « 43 20 Bethlehem New Week Ended 1946 Sept. District—Philadelphia— Delaware-^wnmingtoiT'ZZZZZ for the week follows: mary Third Federal Reserve Wilkes-Barre gain for the week ended Friday of 1.5%. a 1947 I an based us, Week Ended 29,350,756 24,375,730 9.8 49,482,175 8.6 7,225,615,729 Twelfth Federal Reserve District—San Washington—Seattle City California—Long Beach Pasadena — —— San Jose : 432,874,453. , Santa Barbara. Stockton Total 13,556,198 4,479,724 4,806,821 - ^ ' , ■ , + 18.5 1.8 3,718,163 +64.5 86,510,630 46,370,194 +23.6 34,900,081 9,072,558 +15.3 7,443,788" 436,123,257 + 8,040,699 4.4 5,253,956 4,090,558 — 0.7 351,772,000 335,448,000 7,564,566 2,689,241 5,252,634 +11.2 7,319,556 3,977,622 +12.6 2,415,909 + 9,638,145 853,756,604 750,154,496 14,380,257.840 14,461:775,779 7,292,633,807 6,663,109,308 8,932,409 + 12,187,046 9,976,463, (10 cities) Grand Total (112 cities) New York Outside 111.137,489 7,774,614 Francisco San 40,760,322 ' 5,720,796,388' Lake 109,398,876 4,895,077 182,848,146 57,295,876 10,458,812 Oregon—Portland Utah—Salt Francisco—■ 129,597,241 Yakima 3.5 6,326,216 +13.8 601,747,328 586,950,068 — 0.6 12,270,040,393 10,585,680,104 + 9.4 5,232,777,268 5,038,668,935 yjp. 44 THE COMMERCIAL & FINANCIAL CHRONICLE (1292) Company and Issue— Montana Now reporting member banks of the Federal Reserve System in leading cities shows the following principal changes for the week ended Sept. 17: Increases of $139,000,000 in commercial, industrial, and agricultural loans, $323,000,000 in -hold¬ ings of United States Government obligations, $148,000,000 in demand deposits adjusted, and $319,000,000 in demand deposits credited to domestic banks. Commercial, industrial, and agricultural loans in¬ creased in all districts, the principal increases being $48,000,000 in New York City, $31,000,000 in the City of Chicago, and $11,000,000 each in the Cleveland Minne¬ apolis and San Francisco Districts. Loans to brokers and dealers for purchasing or carrying United States Government securities decreased $115,000,000 in New. York City and $130,000,000 at all reporting member banks. Real estate loans increased $16,000,000 in the San Francisco District and $19,000,000 at all reporting member banks. "Other loans" increased $51,000,000. The condition statement of weekly of Treasury bills increased $243,000,000 in New York City and $265,000,000 at all reporting member banks. Holdings of Treasury certificates of indebtedness Holdings Power Rflvpn General 1st mtge. 4s, ser. A, due 1961—Oct Penmans Ltd. 1st mtge. 3V4% bonds; ser. A, due 1966—Oct 14 1 1153 1055 1055 t3327 North Shore Gas Co., and ref. Tennessee Gas 29th Street and investments—total leans—total :—_—— — Commercial 21,383 + . to chasing or U. Shoe Brake Anglo-Chilean Nitrate Antilla Sugar " securities Other Real estate . Gas Amsterdam _1*~ 130 + 499 • 2nd + 17 + 94 51 + / 780 + 265 + 196 4,146 + 51 2,711 + 3 194 3,224 — 1,077 indebtedness —: of , 4,907 — 2,638 — 31,088 + 4 + 513 4,309 + 35 + 236 — Reserve with Federal Reserve Banks_—— 12,348 bonds Other securities Cash in vault + 791 — — + 2,512 Ralances with domestic banks + + 47,498 + 148 + 1,256 14,510 + 2 + 776 973 — 61 + 319 + 86 1,435 + 4 + 46 +. 1 + 25 , 189 —.—;— ——— during week JVol. Co. & Iron Corp., a Home News Co. States common Wire Co. Company and Issue— Page Date , Sugar Co., preferred stock Oct 6 Cincinnati & Muskingum Valley RR., 1st mtge. 4% bds—Sep 30 EUicott Square Co. of Buffalo, 1st mtge. 5s Nov 14 / Lit Brothers, 6% preferred stock— Nov. 15 Pittsburgh, Cincinnati, Chicago & St. Louis Ry.— Topeka Consolidated mortgage bonds, ser. "E" to "J," incl._Sep 30 PARTIAL REDEMPTION y Company and Issue— Ambassador East, Inc., American Cities Power Class A American Tobacco 20-year Nov Page 1145 1 » 1st 367 Class A 6 % ' * ' 1150 -Oct bonds, due 1959 (as ext.) Oct Hygrade Food Products Corp.— 1st & ref. mtge. conv. 6s, ser. A and ser. B, due 1949_Oct International Rys. of Central America— 5% 1st mortgage bonds—— Nov Lorillard (P.) Co., 20-year 3% debentures, due 1963—Oct 1 1051 1 * Maine Public Service Co.— ; 1st mtge. & collat. trust bonds, 2%% & bonds—Oct 1 761 Oct 1 1053 debenture^ due 1958-,-Qctt lit £ J053: 10- 10- 3 $1.75 10-15 10- 1 1 3 6»/4C 10- 1 9-24 $2 10- 1 9-20 10- 1 9-20 30c 10-10 10-15 10- 11-15 10-15 30C (quar.) 10-10 $50c —_ 10-15 10- $1.50 (quar.) 9-30 9-30 9-30 $1.50 87 '/2C 1 1 9-12 9-30 11- 25c, 9-12 1 10-20 11-15 11- 1 25c 10-15 10- 3 93%c 10-15 10- 3 quar.),, 10c 10- ' I 9-25 • 25c 9-18 9-30 9-30 9-30 $1 10-20 10-10 $30c 11-25 10-31 $20c 11- 1 $75c 11- 1 10-15 $37'/2c 11- 1 10-15 . , Ltd., common (quar.),, (quar.)——,— (quar.),—__ preference $50c Corp. (initial) Metals & Supply Co. Square Massachusetts 10-15 9-25 10-15 17c 11- 1 10-15 20c (quar.),. -— 11- 3 10-15 9-30 9-20 $1.50 11- 1 10-15 (quar.),,— $15c 12- 1 11-15 $25c 10- 2 9-15 10-10 10- 6 (quar.) preferred $1.50 (quar.),,— Railway— Street 50c 11- 1 10-31 1 10- 1 10- 1 10-1 9-20 10-1 9-20 $2 20c 9-30 11- 1 9-30 65c -40c " 60c $1 $$1 t25c $1.25 9-29 10-15 10-15 10- 1 11- 1 10- 1 12- 1 10-15 9-25 50c 9-15 8-30 $10c (Ala.) (quar.) Co., Co. (quar.) ' (quar.) „ Power, Ltd. Ltd. — (interim) (s-a) — preferred 1 preferred (increased) 9-30 9-30 (quar.) : 10-20 10-15 10-15 (quar.) (quar.)_, <1927 L series)^ Canadian: investor mp. (quar.) $1.60' 37(4c (quar.),, Association & Dominion Sugar $1.75 $1.60 , California Packing Corp., common 5% preferred (quar.)____ Insurance 40c \ 10-15. 9-16 10-17 9-30 (s-a),_ ■ . $20c X, 12-^1 ; ktiac i llt-fii 10-8 9-24 9-25 9-2,-5 1 9-24 10-25 10- G 10-25 10- 10-29 10-15 10-29 10-15 11-15 11- 6 1 9-18 1 9-18 10- 1 9-18 11- 1 10-15 25c 10- 1 preferred (quar.) Co (quar.),, —1,^ • 9-28 15c — 11- 1 10-17 37J/2c $20c 11- 1 10-10> 11-15 10-17 $$1.25 11- 10- 1 8 20c 10-15 9-30* 50c 10-25 10-18 10-25 10-ia $1,121/2 25c 75c 10- 9-24 1 9-30 9-2» $62y2C 10- 1 9-25 $62>/2c 10- 1 9-25 $$1.50 10- 9-25 1 __ $1.75 10-10 30c 10-10 25c 11- 1 10-15 11- 1 10-15 $2.50 10-21 10- X IV2C (irreg.) 11-15 11- 1' 9-30 9-30 50c Knitting Co., common. Gas ;, , convertible $4 HInes preference (Edward) (R.) & Co., class A 11-10 Holly Development Co. 10-6 Home. Gas & Electric 10- 1 9-19» 10- 1 9-11' 11- 1 10-15 50c 9-30 9-18 50C 9-30 9-18 40c 10-1 9-22: 10-22 10- 3: 10-15 9-30 10-16 9-30^ 30c 40c 9-28 9-29 10- 9-25 1 $1 (quar.) (initial) 10-17 10- 40c 10-31 10- 8 93%C — 10-31 10- t. 1 8 $1.25 11-15 11- 4 37,/4c 11-15 10-25 10-25 $1 (quar,) —__L:— (guftt) 9-10 37l/2c (quari)^-,,,,, (quar.) 1 5c (quar.) Lumber Co. 10- 15c _______ Hershey Chocolate Corp., new com. . 9-10 50c Co,, Co 1 68%c preferred Brewing 10- $1.25 —— Co. Cooley preferred (quar.) Hercules Powder, 5% preferred 10-31 SOcLVll-;! 9-30 10- 1 3% % " 62(^c 10-14 10- Lithographing Co., common,, 6% convertible preferred (quar.),, Haverhill Electric Co. (irreg.) Haverhill Gas Light Co. (quar.) Haytian Corp. of America,, Hecht Co;, common (quar.), 9-30 10-31 Co. preferred" (quar.)", Harvard 9-30 11-15-. 9-30 10-15 10- Havana 9-26 11-1^, - 9-30 10-15 $1.50 75c 12V2c common (quar.) (quar.),,,,— Hartford Steam Boiler Inspection & Insur¬ ance Co. (Hartford) (quar.) 9-30 (initial) com. ' 9-30 10-15 12V4c — Inc. H.) (P. & 8% 9-26 $1 $1.50 conv. Baking Hartford 10-14 - 5% Mills, 10-15 ——_—75c Co. (initial) Hartford Electric Light (quar.) 10- 6 11- Co Process Mobile Ohio RR., $5 pfd. Products, Inc. (initial) 5% 9-15 ' (cash dividend) (quar.): Hart 9-30 10-16 $1 1 8-16 9-23 50c 9-25 10- 12-16 9-30 5% Kleiser Co., Hanes 10-10 11- 1 Co. preferred Gum 9-19 $$1.50 , common Gulf 9-30 20c com. new 9-23 9-30 J$1.50 : 1-2-48 4-1-48 50c 10-15 , ! (quar.),,, Brewing Company, 10-10 L ■ 9-23 $1.75 50c $25 75c $25c $25c 10c dividend (quar.)— General Steel Wares, Ltd., commou (quar.) 5% preferred (quar.) Gerity-Michigan Die Casting (quar.). Gimbel Brothers, Inc., common (quar.) — $4.50 preferred (quar.) Good Humor Ice Cream of CaliforniaPreferred series A (quar.),, Goodman' Manufacturing Co.. Gordon & Belyea, Ltd., class A (quar.)—T\ Glass B (quar.) — 6% 1st'preferred (quar.)— Goulds Pumps Inc., 7% preferred (accum.), Greenfield Tap & Die Corp. (quar.) Griess-Pfleger Tanning Co. (quar.) 9-26 50c 75c 1 Co.— ; (quar.) 6% 9-26 _ Co. Galveston-Houston 9-23 35c 43%c Dyeing (quar.) Frick 9-25 10- & B Pitt Franklin 10-17 1 Cleaning _— General I 10- $1.50 (quar.) Associates Co. (irreg.) & Wallace, Inc., $3 class A (quar.), Ford Motor Co. of Canada, Ltd., class General 10- 50c Conduit Gabriel 6 10-10 $2.50 Forbes & 10- (Wash., Corp, Fifty Foster 1 (Syracuse, (quar.) preferred Stock 6 11- 50c Ins. — common United Class 10- 15c Life — preferred Fort 9-22 10-15 75c (irreg.) (quar.) C.), Fibre 9-20 1 $2.50 Light Services s Finance 7% 10- 25c (quar.) Frocks Fenton 10-15 10- Y.) 9-26 25c (quar.) Extra 10-15 50c 9-24 $1.25 (quar.) Co, preferred Traders & 6% 9-23 1 Gas Phonograph Corp. Electric River D. 9-23 11- 9-24 1 Inc. Federal — i 5% Quarterly 10-20 $1.50 (N. Y.) Mills, N. 9-15 7c 1 10- 5c 35c & Fashion 10-20 11-1 10- 1 10- $1.25 i — (quar.) Consolidated Farmers 10-31 10- 1 12- $1 preferred Fire 1 11- 1 17'/aC ____— (s-a) Radio Fall 10-15 $1.12 Manufacturing Co., Canada 8 10-25 (quar.) Ale Esquire, 9-23 Company ; Bullock's, Inc. (Los Angeles) — 4% preferred (quar.), Camden 10- 75c Telephone Esmond 10-15 1 : preferred- (quar.) preferred 951 10- 10c Ltd. preference Elizabeth 10-20 10- (quar.),, preferred 951 8 (quar.) Elgin Sweeper Co. 10-10 10-1 . (quar.) Corp Columbia Telephone Co.— 6% 1 10- Washing Machine, Ltd. (quar.)—___ Elqctric Boat Co., $2 preferred (quar.),,. Electro Refractories & Alloys Corp.— 10-15 $25c Co. 951 1 i 37J/2c . (quar.), Yards 6% . 25c Easy 9-30 5c (quar.)__ _ (quar.)_ 7% ser., due 1975_Oct — com. (quar.) 760 1 1 11-20 $1.50 preferred B (accum.) Eastern Steel Products, Ltd. 7 11-15 30c Buda 6% 11- 5c (quar.) (monthly) common G,) Inc. 2nd 1 6% 5 11-15 $2 ~ „ California-Oregon Power, 3s, due 1974_'—Oct : "!' Maritime Electric Co., Ltd., 4y2% 1st mtge. 5(4% general mtge. bonds due 1956 Mayer-(Oscar)." & Co., Inc< 3 468 11- ' 10-25 $1.50 Brass Butler 1 Stock 1st 5 12- common Corporation Magnesia Talc 9-30 10-21 62 (4c (quar.) (T. 11- (quar.) (quar.) Eastern 10-14 10-15 11- 25c Wilcox,. Edison British 6% 10-10 11- 1 11-15 11-28 $3 (quar.) Brazilian Traction Light & Bristol 5 11-20 20c Eastern Inc.— Co., Birmingham Fire Insurance 6% income Louisiana Power & Light Co., 1st mtge, Seal, & convertible Ducommun 1 Beverly Gas & Electric (irreg.) Hats, Ltd., common (quar.)! Brink's, 9-20 11- Co Fabrics, 1st Eastern 10-20 25c Ry prior preference Banking Corp., preferred Bright 9-26 1 $1 (W. S.) Clay Mfg. Co;— Bridge Co., Ltd. (quar.)— Dominion 9-25 10-30 $1.25 , Bourbon IJotel Alms and Hotel Alms Service Bldg.— : Fe 52 948 10- 1 15c Santa 60 1051 10- 11-20 Press, 2nd 1 ; & preferred Boston 11-20 10-10 50c 1st pfd. Telephone Co., common (quar.)__ 6% 3 ; Commercial Corp, A 1 10-25 10-10 62 Vic — Sons, Sexton State 9-25 1 10- Biltmore 1041 10- 1 10- 10- (quar.) Mills, & Class 12- 6c $1 preferred 9-22 10- Telephone Co. of Pennsylvania Benrus Watch Co. (quar.) 1146 U-20 9-24 25c (quar.) Ginger 9-25 10-31 ; Associates, common (qflar.)_„ 7%' preferred (quar.) .—— Belt Railroad Stockyards Co.; com. (quar.) 6% 10- 1 10-15 (quar.)— 1146 - Telephone & Telegraph Co.— mtge. 3J/4% bonds, series A,' due 1967 Co. 1041 1 debentures due 1962_ Oct 15 debentures due 1969 Oct 15 American Viscose Corp. 5% preferred stock Nov 1 Armour & Co., $6 convertible prior preferred stock Oct 1 Bethlehem Foundry & Machine Co., 1st mtge. 6Y2s Oct 1 Cleveland Union Terminals Co.. 1st mtge. 5 Vis. ser. A—Oct 1 Firestone Tire & Rubber Co., 4(4% preferred stock Nov 15 Great Lakes Power Co., Ltd. 1st mtge. 4V4s, ser. A Nov 7 Great South Bay Water Co.— 1st refunding mortgage 5s (ext. to 1949) Nov 1 Hartford Electric Light Co., 3% debentures, 1937 series-Oct 1 Home 6% 1 common Inc., common 3(4% preferred (quar.) Dana Corp., new common (initial 3%% preferred series A (quar.) Dean (W. E.) Co. (quar.) 9-19 1 10-15 Bell Co.— 3% & preferred $4.50 12- . 25C r:— & Forster 8 12 (4c 683/4c (irreg.).. Beacon 3% 25-year 954 10- 10- $1.75 Badger Paint & Hardware Stores Bankers ' * Date ■ Babcock -i 1st mtge. inc. bonds due 1952—Nov & Light Corp.— *' stock, 1936 series Avondale * 10-25 50c , Bottle preferred 947 1149 : , ■ ' ♦ & & 6% 9-30 10- 7 15c „ common Cable (quaih)—— Class A $1.50 10-15 Corp.,,,,: B.) Cork Crum (Kansas)—* Corp Light Gas Nichols 1143 9-24 11-17 $1 (quar.) Heater (C. Crown Payable of Rec. 10c 25c (s-a)— Plywood Austin 1 (quar.)—— Corp;, 5% preferred 5% 25c Convertible Caribbean & Corp. Automobile TENDER (quar.) common Equipment Ccrp Attleboro 10- 10c Holders 15c Extra Atlas $3.50 1 Qreamery Package Mfg. 995 995 1097 50c (s-a) Telephone Co. preferred (quar.) Atchison 1 (s-aj Co. Gas 10- 1056 25c - (quar.) Utilities, preferred Oil $1 25c — (quar.) preferred Common Wheji $1.25 — (monthly) (bi-monthly) Co. Thermos Aro — Products 6% (Reading, Pa.) — & Casualty American Argo 9-19 50c Rubber Cottrell 764 1056 are: 50c Products Anaconda preferred and common stocks called for redemption, Including those called under sinking fund provisions. The date indicates the redemption or last date for mak¬ ing tenders, and the page number gives the location in which the details were given in the "Chronicle." OF week pfd- conv. (quar.) Smelting & Refining, 1st preferred (quar.)__ 5% list of corporate bonds, notes, NOTICES this —— Fidelity 5 (4 % 9-24 (Iindianapolis) Co. Refining, common,, 7% " preferred (quar.) * 25c Bemberg American Notices ■ 2nd * 20c pfd. American . . 1 25c non-cum. 5% Distilling 7% 9-20 1 of America, preferred Corn 69 ' * Share American Below will be found 4% second table in a (quar.) Casualty Co. American 2 10- Papeir Co. Corp Dominion (quar.) American Redemption Calls and Sinking Fund 9-20 10- 50c | Container 164. B American 2 Dominion follow with announced $2 American 20,389 — Class American 10- (quar.)„__ Royalty Oil Co. (s-a) Consolidated Textile Co., Inc. (irreg.) Consumers Public Service, 5% pfd. (quar.) 571 Jan 1 Oct 15 —Nov I IVol. 165. Quarterly demand deposit accounts except interbank and U. S. Govt, accounts, Debits to . Inc., Aggregates, American 10,047 Borrowings. Investors, America 5c Inc. Natural Emerson Alabama Fuel Interbank demand deposits: 9-20 (s-a) Extra $2004 —Oct 25 T of Company Air Reduction 4,902 — 10-1 . dividends Name Air Foreign banks preferred Converse 2 Per Liabilities— 68 %C 9-30 previously announced, but which have not yet been paid. Further details and rec¬ ord of past dividend payments in many cases are given under the company name in our "General Corporation and Investment News Department" in the week .when The 9-22 (quar.), 9-24 Cuneo 46 ■ 1 10-15 51 + 10- 9-15 declared. 517 82 63 118 25C 9-30 Cuban we ,— 1 Crlbben notes— due 1953 Then 9-20 1 10- which we'show the dividends 1,006 19 . 9-26 1 10- 11-20 grouped in two separate tables. In the bring together all the dividends announced the we 1 10- 6 10- 50c are current week. 18 — + '3,208 — — ._ first 10- 25c 1 $2c DIVIDENDS 673 5 1 43%C $1.12Y2 (quar.) Diamond Dividends !„— Consolidated 951 — Wentworth Mfg. Co., convertible preferred stock Windsor Gas Co., Ltd. 1st & ref. mtge. 5s 157 — 10-10 (quar.)! Co., $2,75 preferred Consolidated Ccrp.— this issue. 10-1 1 preferred (quar,),, Y.) (quar.) (N. Breweries, Coroaire (extended at 5%) •Announcement in 10-15 11- : Co. Consolidated Welsbach Engineering & Management Corp.— Collateral trust 5s, 11- 4(4% preferred 7% . due 1950 Oct (Hamilton), Ltd., 1st mortgage 5s—Jan 7% mortgage 40c 5c 10c (quar.),,,, Y.) Mines, Ltd. (interim) Printers, Inc. (increased quar.). Consolidated Car-Heating Co. (quar.) — Consolidated Dry Goods Co., com. (quar.) San Francisco Terminal— 445 _ 7 476 — —— loans Treasury bills — Treasury certificates Treasury notes U 8. 4s, 11-1 Connecticut * 1 preferred mortgage 11-15 Extra — 1st 9-20 25c quar.) 9-30 $2004 Co., 1 (quar.), Diamond • Other 1948/1959, incl._Oct 9-22 1 10- Coniaurum 1148 1050 * 854 5% Pacific 10-10 10- pfd. (s-aK, $1 :4% .; 12004 Southern 10-25 50c (N. Columbia^ Mills, Inc Commonwealth Loan ■■ 5s, due oi Colorado— 12-19 $1.25 Bank Co. Radio Dickey 449 ———.— loans to banks : Collins i Co.— 10-20 Co (increased Paper, Trust (Dan> 2,946 475 — loans— Clinton 1147 12142 series P, due 1965—_—-Nov 17 debentures due 1950 Nov 1 ref. "mtge.'4s, carrying: securities Other loans for purchasing or carrying: U. S. Government obligations—.— 1 139 753 754 945 367 'i".V Co.— and 10-31 1-1-48 Extra Estates, (111.), 7% preferred stock—: Oct 1 Burrard Dry Dock Co., Ltd.— 1st mortgage 3% and 3Y2 % bonds——. Oct 9 Butte Electric & Power Co., 1st mtge. 5s, due 1951—Any time Edison Co. preferred - Chillicothe Page Co. & Armour 15c ,, CALLED ISSUE 9-24 10-10 $1.12(4 common (quar.),,, Chaser's, Inc. (quar.) Chicago Corp. (quar.) Chicago Railway Equipment— 707 stock Oct 1 7% and 6% preferred stocks Oct 1 Republic Petroleum Co. 5(4% conv. pfd. stock, ser. A—Nov 15 -Silknit Ltd. 1st mtge. 5s Oct 1 3,528 + National * 1 X lc Transit Chase 572 Date Co., 5Y4% preferred stock——-Sep 30 Corp., Inc., debentures, due 1967-Oct 20 6% income debentures, due 1951-Sep 30 pur¬ Government obligations S. Other ... for dealers and brokers + + 12,858 I«oans 64 Oct 10- 25c preference Candy 7% bonds, due 1952 1 Co Charleston Cohen ENTIRE 5% 3,072 ,—. Belt 9-18 11- common,,, Champion Shoe Machinery, 5^o agricultural and Industrial, Chain 956 * Company and Issue— American (quar.) Products Corp., prior Columbia Public Service Co. 1946 422 1 1 Film Corp., prior pfd. (now 1st) United States Asphalt + 64,714- 375 bonds, due 1948 —Any time bonds, due 1949 —Any time Phillips Electric Works, Ltd., 1st mortgage 4(4s, ser. A_Oct 15 assets-— Xaaas 4(4% 10-15 9-30 13c $1.12(4 Electric, & 11-15 50c Process Gas Holders Payable Of Rec. (quar.),^.—$20c preferred Certain-Teed Corp.— Towers 2nd mortgage 4% 1 2%% series, due 1966_Oct 1 stock Sep 30 mortgage pipe line bonds, 1st 4(4 % & Transmission Co.— Twentieth Century-Fox Franklin Hudson When Share - Ltd. Co.'s, Chase Purchase money 4% Sept. 18, 1947 * mortgage series B 1st mortgage (—) Since Sept. 10, 1 1948 Any time New York Gas & Electric Light, Heat & Power Co.— Inc. (+) or 1947 .—.—Oct 3V8% bds., due 1971_Oct Southern New England Ice Co., Inc.— 1st mortgage 4V2s, due 1967 —z — Oct Spalding (A. G.) & Bros., debentures _Dec 1st Theatre Properties Sept. 17, ———Oct 15 Pillsbury Mills, Inc. $4 preferred stock Safeway Stores, Inc., 5 % preferred stock Saint Paul Union Depot Co.— Oil • 1054 1st consolidated mortgage •' '■ Dec. Central 1 ... (in millions of dollars) 1054 j—-—■———Oct New deposits credited to domestic banks increased districts, the principal increases being $116,000,000 in New York City, $39,000,000 in the Chicago District, and $33,000,000 in the Richmond District. * A summary of the assets and liabilities of reporting > 1 Central Ltd.— Light & Power Co., 5s due 1956— Oct 1975- due Libby, McNeill & Libby, ser. debs., due in all ■ Canadian series B, mtge. 3'/4s, Per Name of Company 856 Gaylord Container Corp., 3(4% debentures, due 1957—Oct 1 5(4% convertible preferred stock—— —.—Oct 14 Hinman Terrace Corp., 1st mortgage bonds -Oct 15 Demand member banks follows:. Page 1 f Fortnightly of Chicago 5(4% creased Date bds., due 1975—Oct 27/s% mtge. • General mtge. General $51,000,000. Holdings of Treasury notes de¬ $70,000,000 in New York City, and increased $55,000,000 in the San Francisco District; the net change at all reporting member banks was nominal. "Other se¬ curities" increased $35,000,000. / Demand deposits adjusted increased $79,000,000 in the Chicago District, $32,000,000 in the San Francisco Dis¬ trict, and decreased $30,000,000 in the Richmond District. tJiiited States Government deposits decreased $61,000,000. ref. & Newfoundland Detroit Increased Ho * , 1st Co., "WfLfpt* Monday, September 29, 1947 11-15 25c 10-15 $1 10-15 lc 10-25 SOCKTO? 1 9-30 10- I 9-30 .7 9-20 THE COMMERCIAL Number 4633 Volume 16&> When Per , Name of'Company Share ' Holder• Name of Company' Telephone &« Telegraph (Fort\ Wayne) (quar:) J—: $1 Hooks Drugs, Inc. (quar.) :______—— 25c Houder's, Inc. ;(quar.)_;. —30c Hotel Barblzon, Inc $6 9*-30 9-30 ll" 1 10*10 9-25 9-20 10-20' 19* 6 s Ulinols^ Terminal 11- 1 10- 9? RRlv (quar.) Imperial Life Assurance Quarterly, Industrial 18c ___ Canada— of —— Brownhoist (quar.) Isle Royal Copper-: L.) Co., 5% (F. Jaeger Machine James Johnson Co., 7% Service" Co; Kahler ,40c L___.. 25c; . (quar.) preferred; Lee Rubber & Tire, Sanborn > Savage 10- 1 9-19 10-15 9-30 $1> 10-10 $1.12y2- (quar.)_ 10-1 25c: Co. Leland (irreg.) Co. Longhorn of City 2nd & $1.30 10-15 10- $1' 10- 10-10 10-10 10- 20c 10- 75c Minnesota & voting 10-15 9-25 10-31 10-1 9-24 11-1 10-14 10- 1 9-25 10- 1 (Baltimore) trust .certificates 10-1 10-15 10- 50c National Chemical & . ; — National Distillers National Folding Nattonal Lock National Screw: Box Neisner Co. Britain Machine (reduced Fire Niagara Norfolk: & New Class 11-1 10-15 $3.50 10-15 $3:70 Rivet 'Texas; - Northern 6% Indiana States Transit BfelF Telephone Northwestern--N & fcl b (Milwaukee) n a 1 1 10-15 Match Co. -(irreg.) Gas, ! Natural 9-30 10* 1 1 Paeific Greyhound Lines Corporation 20c 10*15 $1.50 Panama Parke Park CoCa-Cola Davis & & Tilford; 10- 10*1; 10* 25c Pemco? Corp. $3 1 *v 11-10 9-25 ' Western 9-23 Western 5% Westvaco 9*3flF'!" Whiting $1.75, • 10-20 9-30 $3.78 . 10- 1 . 75c > * Wood ,. 25c ' 9-22" 10-16 10- 75c 11-15' $0.59375' (quar.) $lV12y2 L._ ' $1.50 * 50c 50c" 30c .40c 75<i . (quar.) 6 Plomb; Portis Tool Style Portiand Gas : 10- 10-15 9-30 fr 10-23 10* 10-10 Chemical 9-20 10*10 9-30 Inc..___._ Co., Co. 50c 1 (quar.) 10- 1 10* 11- 1 10-10T 11- 1 10-20 10-1 6 Abbott $1.12'/a - 7y2c 1 $3.50 10-15 10- $3.50 10-15 9*30 (quar,). 11- 10* 1 10c IT- 10-10 li 10- 10*15 3iy4c., r 1 9-17'» Ltd.— $$1.75 15c 10*15 11-1 9-16 9*30 ? 10-15 114 1 $3iy4c- 11- 1 10-15 $37%o 11- T 10-15 this week, these being" given in the Laboratories 10-16 10- Aetna 1- 6 9-22? (quar.) piior preferred (J. ' ' Payable of Reo. 50c 9*30 9- 8 30c ii 9430 + 9- 8 Ltd.— ; _I (quar.) Refineries, Ltd.— partic. (quar.) Works,: Ltd. (interim) Stores (quar.) D»)!'Mfgf; Col (quar.) _ $37y2c $62y2o 10* 1 9- 10* 1 9- 2 2 125C ' 10t 1 9-10 $25o __ 10* 9-18 15C 10- 1 9-16 T Corp.; 6% "conv. pfd. Life Insurance (quar.) Standard Engineering— 50c 5% preferred (quar.) Affiliated Fund' Inc— Extra (payable in;cash or. stock) Agricultural Insurance Co. (Watertown, N. ;Y.) ,(quar.)___. 10*10> 9-18 10-10'' 9-18 9*30 37y2C • 10- 1 9-10 62c (quar.) _ 9-15 50c Casualty & Surety (quar.) Insurance Co. (Hartford) (quar.)____ 7 20C _ ^ 9-15; $1.25 Share Extra Aetoa Prosperity Co., Company Holderr When 10- 1 9* 40c 10- 1 9-1X 30C 10- 1 9- 5 5 American Optical American Paper 9-27f 9-30' 5C 10-20' 9-26' 10420'? 9*26 350 750, 10*1-; 0-10 10- 1 (quar.)' 9-17 9-17^ . 9-19*v* 9-19* pfd. 10- 1 10- 1 9-16 9-18 10-1 9**4" 10- 1 9-* 4 (quar.) 25c 10* 1 10- 1 $1.50' 10- 1 > 9*19 10* 1 -.v 9*15 ,$1.50 ; 30c 9*23 10-15 25o - .. . '9-23 12-15 $1.12Vi- common 10- 9-30* 9*28 v 10- 1 Co., common (quar.) _ 12- 1 . 9 $1.18%, 9- 4^ 25c 10- 1 $1.50 10- 1 $1.60 10- 1 ,9*19 11-14- 10-31 $7 $1.75 9*19 9*19";• 9*30 (quar.) 25c 10- 10c 10- 9-16 1 (monthly) 1 2c " 9-12 ? 0*15* : 10-25 $1.50 (s-a) 10-15 9*30 25c 1010- 1 10- 1 8-29' - 8-29 - 135c common • 1 31V4C 9-15 9*11* 10-1 $1.75 10- , 9- 8 1 100 of 111.— Co., v- 9-15 9-30 $1.75 97y20- 1 8-11* Co. * (quar.) i Light, $5 pfd. 9- 8 9-*'8 9-89 10*1$! Safety (quar.) Raaor Corp. (irreg.) (quar,) Co;, pfd. (quar.) ^ 9^'B^ 10-18 9-18 10- 1 9-20 $1.50 10- 1 9-10 $1.50 10*1 " . $1,75 : '30c com. 9-22 ■ 10-13 10- 1* 9*16 11-1 10-9 9-29 - < 9-13 ? 30c 12- 1 11-20 50c common 10-15 10* 6 $1 10- li 9-23 $1.50 11- 1 10*22 ' .... u $1.50 1-31-48 1-21 9-17'' 25c 9-30 533/»c 9*30 9-17 10-10 9-25 10c com. (quar.) (quar.) prior pfd. $$1.12y2 12- 1 12- I 10-31 $1.75 10- L 9-20- $10c , (quar.)__ 10*317 10c common (quar,)___ Common (quar.) preferred (s-a) $5 preferred-(quar.)— 6% pfd, (quar.) Arkansas Power «& Light Co.; $6 pfd. (quar.) $7 preferred (quar.) i - (Increased quar.)— n 9-30 9*10 $1 9-30 9-24 $1" $3 Co., Gas 10*1 10c ; Gas 9-16 ? 9-16 ' $1.25 Corp. Co., 10-1 $1 prefei'ence Cotton Mills 9-18 10-1 Smelting— Oil, common. (quar.)_ Apex Electric Mfg., 7% 10-1 15c (quap;)__ __ Western ■' ' 9* flt. 15c Angerman Co.;, Inc. Argus Corporation Ltd. Arkansas ■ 1 ' 10* 2 $2.25 9-l8.y,: ■ ' • - prior preferred' (quart)—! prior preferred (quar.)__ Natural 1 Co.—. Processing, Hocking Glass, Arkansas 1 10- $1.75 preferred', (quar.) Edison 10- 53%c $4 preferred (quar.) Anchor Post Products— 6% 9-17'. 5 prior preferred (quar.) Ampco Metal; Inc.;, common 6% preferred (s-a) Arcade 9-20- r 9-30? 9-30? 30o $5 Arts , 9*4" 10-1 35c (quar.) preferred 't 9-12 9* 30a (quat.)___*. American Wringer Co; (quar.) Anderson-Prichard 1 1 $1.50 preferred American Yarn & 1 Class B 1010* 12yao (quar.) 6% 9-19' 50c 50b common American Water Works & Electric Co., Inc.— $6 1st preferred (quai.) i conv? . 9-18 10*15'' 25c Co. Snuff ■ 4»/2% v Sanitary Mill— preferred Applied Hh" 10-1 10- 1 $1.12% Standard Thermos; Bottle 6% 12-18 $1.25 — preferred 4y4 % 8-18i;! . $1.50 4y2 % ' 9-18 10-1 ,, <20o & American Tobacco Co., 6% 9-18 9-1$. 11.75 (accum.)_ (accum.) American Anchor v 9*30 9-30' 40o preferred (quar.) American Spring of Holly, Inc. (quar.)' American Stamping'Co. (irreg.) American States Insurance (Indianapolis)— Quarterly ^ American stores Co; (quar.) American Sugar Refining iCo.— ; 7% preferred' (quar.) American Telephone & Telegraph (quar.) 7% 1. 50c (quar.)i Goods Co.— common 10* fl-30? , 20c1 Cquaru) Co. Radiator 10-15 25c Products preferred* Arizona $1.29 3 25c (quar.) Metal 4% * 1 10- 87 Vic __ $3iy4c 10- ' 6% 1-13 93 %c $1,75 $3 $1.75 $1.12ya (Newark, N. J.) Molasses American Products— (quai^) Aetovox ' 10* preferred American Screw 10-15 1-31-48 ' (quar.) Co., Locomotive '9-15 9-301 1' — 4y2% 9-18 10-31? $20c c 9-18 10- Felt Co. American Rolling 10-16 $20C $1.50 common 10-lt - 9-30 preferred Corp., 9*26 ? 1 11-1 6c (quar.) 2nd American Addressograph-Multigraph Corp. (quar.)__I_ ' 9-20" ' preferred American 9-18 25 c 1 10*11 683/4c (quar.) preferred' $6 Co.— ... James), (accUm;) Gas 7%-'preferred 10-10 1 10-17' 1 (quar.) American Power & 10-10 25C (quar.) v 9-26' $1.50 1 -30c Growers, (quar.) & Electric— American 9-29 9-30' 10- 94 4* 11- 11- Fruit American 9-29- $1,50 9-18! ' 9* 4#s, 1 $1.31Y4 Machine & Foundry prefmred: (quar.) American Manufacturing Co„ 10-25- 9-30 10-1 9-30 3.90% 10-25 11410 common ' 9-25" 9-30 10- 1 ll^lO $i.ooy4 $3 - common (accum.) Extra 9-30r 9*30 $2.50'' io-15 10- American if 1 9-19 9-301 10-1: ser.) (quar.) common, Co., 6% preferred American 6 10*15 10-15 10-15 50c (quar.) Co. Extra 9-30,,' 11- 37yac preferred— announced Name of Aetna 20c (quar.) - Aetna ZtViet (quar.) 10- 9-20 6 60c common American Zinc; Lead & 9-20 10-15 10-15 10- 10-15 10c 10*20 10-14 10- 62V2c common American Investment Co. 5% preferred (quar.) 1 10- Pdr Adams 10-10' $1.25 ; Express American Ins. 10-15 5C com preceding table; 9-20 25c __ 1! 9-20 40c quar.) (initial quar.) 1st 7% 9-16 , 75o American Woolen Cb.— Adam? Hat 10-10 9-30 15c 11- 20c Acme Glove 1 ! 11-1 ' 10* 9-17 1 40c Hydraulics, .Inc. (monthly)__ American Ice; 6% non-cum. preferred.: 9-15' 7 10-1 10- 25c American 10-15* 10- 50c Acadia-Atlantic Sugar Glass A preferential 10*15- 11-1' 50c - 1 9-20 $3 preferred (quar.). $2^0 9-24 11-15 $l'.06y4 $1.10? A 11- 150 (s-a) 150 Abttlbt Power & Paper Co., $1.50 preferred (quar.) l 9-24 t$1.50 Iron.. 9-30 65c . Below we give the dividends announced' in previous weeks and not yet paid. The list does no1? include) divi¬ 1 9-19 95c Providence & Worcester RR." Co. 9-17 ,Co.> 5 fc preferred A (quar.) . pfd.-(quar.)__ preferred 1 10*10^ ' 10-31 10-1 75c (quar.) preferred 10-31 9-30 — Chlorine (Alexander dends 6 (quar.) Portland Transit CO:, 5,% preferred* (quar.) Prophet (Fred B.) CO. (quar.). 5% 11-15 9-11 9*11 ? 10-6 $1.50 American Hardware Corp. American Home Products 10-31' 9-10 . 25o (quar.) American Hard Rubber, 7% pfd. (accum.)._ 7% preferred (quar.) 10-31 25c 75c (quar.) (opt. div. Cyanamid, 6% 10-1 11-15 1 com 1936 6%r 9-23 10*15 10- 10- 1 50c Shoe American Hair" & 10-31 9*30 11- fl 1 (quar.) (quar.)___ (increased Dairies, Inc., preferred-(quar.) 4%% 10-3T 11-15 1 , prior preferred American 8 11*15 12- 10* :25c (quar.) preferred A 4%% 8 10- 9-20 75c & - 1 9-23v 9*23' 1 10*15 11- 10* 10-1 t75c CQ Industries: Lightf, $5 - 9-30 10- l1 10-15 . $1 &80% Mills $2' 11- • 50c (irreg.). Ltd.," common*- (quar.) preferred (quar.).--i Pennsylvania Power 4.25% pfd.-(quar.).: Fashion 9-30 10- $i.i2ya preferred Youngstown: Steel Ckr Corp. (quar.) Zeller's, Ltd., common (qhar.) 5% preferred (quar.) 6% 11-1' 10-31 10-15 15c 8% Full 11*15 : 50c • 10-15 11-20 (N. Y.) Corp. (quar.) Crystal Sugar, American 9-26 10-15 1 12Vao Co American Fork & Hoe 9-15: 9*26 : ' 10*15 " 50c 1 9-29' 9-30 1 11-15 —. 1% - $1.25" - 10* 92y2c Co. Paper;. Ltd., preferred Qprp/ ! Wlremold "9-20", 9-30r . A preferred' 9*20'' Co. 3 87y2C ; (Mmirion 2 10-20 ,. 7 10* 6 12- 20c Note, common (quar.)___; of American Felt 3 1010- $4 - Insurance Securities 16* 1 . 10- 10*20 A American — - Westminster '< 10* 10*15 10*15 11-20 $1.75 American 7% 25c (quar.) Casualty & Surety Co. 25c - 4., preferred (quar.) Philadelphia & Reading Coal Co. Corp:, class A class class $T.50 common......^ Porry-Fay Co, .(irreg.) ___L Philadelphia Electric, 4.40% $2.50 10-15 * 10-17* 60c (quar.)...— Extra ll-20v 10-14 1 15c common.— L__ Non-cum. 1 12-10 11- 1 11- 15c (quar.)__ (quar.) preferred (quar.) 10*1 37%c ' (extra) (quar.) Mfg. & Massachusetts RR. Extra 9-25 1 10-20 $1> 30o? pfd. $4125 10-15 10—1 10- 10-20 9-ll« 1 $250 preferred 3»/a% 1 " 9-18 9-30 12- 933/4c 1 1 non-cum; 4% % 11- 10-20 40o 35c Can American 11- 1 50c ... (quar,)_ ! or American 9-29 25 c (quar.) - 9-15 Cos., Roof Board 6% 25C Washington'Railway & Electric, Participating omits : 9-25 ; 1....... common 9-29 Equipment Co Street' Investing Corp $4.50 ■ 9-19 1 $K25* _. Penman's, PHot Radium^ ; (quar.)-..j_.^ Mills pfd. 9-29 1 ' (Mo.) Company Washington Gas Light - (quar.)...... (Baltimore), preferred Industrial 250 'Bottling -Co..- Patchogue-Plymouth Pathe Industries, 4 % 1 10- , r 9-301' 9-30" $2 75c Co.. Inc. 10* 9-18 1 750 common ' preferred (quar.) American Cigarette & Cigar Co.— 75c Washington Title Insurance Co., A_: ... (quar.) 25c Victor 9-22 ... Fisheries, Pacifitf Car & Foundry Co., $6 preferred (quar.)., 1 Warner 9-24 10- . common-;-._^^j^: American Packer S. 8. Wall - Pacific (quar.)J_ 10* 1 10- Co., common (quar.), Co. 7% $1 — Co. U. 9-19 93%C '4%% preferred series A (quar,) Oliter'.Corpi, 4 V2% obnv.'preferred 7 $1.50 10- . 9-22 25c -j^th share of class B stk._, Co., 7% preferred (quar.) American Car & Foundry Co., common 7 10- Sulphur Co Vermont 9-30 40c 12c Co..__L__^i^i 1 (quar.) & Carbon U. 9-22 10-16 quar.). -Insurance No*Sa'g:Spring Co. (irreg.)... Oklahoma 9-22 ' *-.-*■ 10- 1 25C preferred Manufacturing Union 10-15* (quar.)^_^___ Greyhound"*Lines— preferred (qMtf.) ----- Northwestern Ohio 1 10- (Delaware)—....... Northland *, 10- 11-1 —..... Pcrwet 1 11- 1 11-1 (quar.) (quar.) IT- $3iy,c (quar.). Union Stock Yards Co. of Omaha, Ltd.— 9-24 10- $1.50 preferred (accum.) preferred -(accUm.)__^u._."..__w.___. J%1% 1 75c CO.... preferred' Northern 10-15 $1!' Corp.— -; ' f$1.50 convertible preferred (quar.) Northern Indiana Pub.lic •'Service— S-% 10- Union - Illinois $43%C u- (quar.) preferred (quar.) preferred (quar.) 35c Co. :__L cl. Cash 7 75c 10-11 75c Co. (N. Y.) Railway Co.— insurance 10- 10- 3 .9-22;,: 1 — American 10-10 1 preferred $4.50 10-15 75c North Northefrn 11-1 11-1 50C B North 11 11-1 __________ class ThermatomiC Electric quar.f (Initial 1 11- -. Corporation * Rayon Corp,, 11- 10-15 preferred $2.75 10-10 I $10c — preferred Mfg., Union Co adjustment preferred American North 6% convertible $2.40 Thor Insurance Western Glass 9-301 10c I T- 5c 10-3 50c 9-19 " 10-1 , (called for redemption on Sept. 30 at $125 plus this dividend) American Business Credit class A (quar.)__ 10-15 $75c (quar.) com. Book 5y4% 10-15 11- 1 $15c (quar.) Vertientes-Camaguey Sugar (quar.) England Fire Insurance (quar.). England Gas & Electric Assn. (quar.) England Laundries (irreg,) — Telephone Ltd., Malleable 9-30 $1.50*? Ehgland Confectionery Co New 1 $l'.183/4 New NeW 11- 50c New New" York Haute 9-30 New Bedford Gas & Edison Light Co.— Reduced (quai\) .—— New Terre 10-20 , (quar.) A (quar.) ___.^ 10-20 ; pfd. Cb. 10-15 ___ (s-a) 1 10*30? 50c (quar.) Biscuits, Inc 10c ____ Water Bros.,-4% %. conV. 10- 25c — 62(4c (quar.) Special Naugatuck 50c ___: preferred Thatcher 62V2c — Co. 10-15 Gfts- Light Co. (quar.) Taylor-Wharton Iron & Steel_ 15c Co Mfg. 2nd 56y4c (quar.) 1 Taunton 9-22 1 — 11- 10-11 20c » class Super Mold Corp. (CRlifbrnia)Superheater" Co. (quar.) 2 10- 10-30 (quar.).: & • ' Products Corp. Co. 9-30' 10-1 56'Ac pfd. (quar.) (quar.)____ 10-15 $1.03% ; (quar.)__ (quar.)_ Paper, (quar.) Superheater 9-20 50C 4y2% ll*1 1 _ preferred Sunshine 4 37y2c __ Ltd., Bank preferred Box . 9-20 9-29' 75c Bakeries American Brake Suburban Electric Securities Co.— $4 10-15 10-15 5c ? (quar.)_ 10*15 Strawbridge & Clothier ' — (quar.) Mfg. 11- 1 10- 1 "'25c , . preferred of Canada, Common 9-19 10-15 $1.50 ' 11-15 97yac (quar.) Co. Strathmore 10-15 : 1 IT- 1 common Participating 9-24 11- 1 „ Narragansett Electric, 9-30 10c 30c' $2.25' preferred series A (quar.)—, Mountain States Power,"common (quar.)— 5*% preferred (quar.) Fund 40C' 9-19 - 1 10- (quar.) American , 30c Co Leather Extra 12- 92yac 9-20 $1.10 _ Brock, B 7% 30c — Spring, convertible Steel 15c Motrell: (John) : & Co. (quar.) Morris Plan Corp. of America— Mutual Investment 1 9-30 10- 62V2c 25c (quar.) (quar.) Co., Mfg. Asphalt American 10-15 1 50C 1 10- 1 11-14 ___ (increased) Steel 11- 9*19 10-10 , (quar.) American Service— (increased quar.) preferred preferred Class 25C _ Common Ptiblic 55c 9-10 9-30 America American 6% 9-10 9-30 <25c ______— American (quar.) 9-30 _______ Mississippi Power Light, $6 pfd. (quar.) Mississippi Shipping Co. (quar.) Monroe1 Loan Society, class A (quar.) Co. 9-20 1 5o American Alliance Insurance Telephone— 10-21 Supply Radio 9-30 (quar.) 9-10 ' 10^ 2y2c Canada, Ltd.— (quar.). of $7 preferred 50O Co. Associated 10- 1 of American Air Filter 9-18 n 400 ' Inc.— 6% convertible preferred (quar.) Amalgamated Sugar Co. (Increased quar.)» 9-22 10*10 .—_ »- (quarT dividend (quar.) preferred Amalgamated 9-22 9-30 $1.75 3.70% 25c (quar.) 9*30 9-1^ 1 common Mfg; preferred Extra 9-22 25c 1 10- (quar.) cash common Co. Aluminum Goods 11-17 1 10- 15c $3.75 4 preferred Stanley 4% 4r Oxygen Stores, (Louis) Aluminum Co. 11-10 10- c_li Extra 10-14 11*20 9*15 100% Inc., Aluminium Co. 9-18 9-26 ____ t 11*25 10- 3 ________ liw 9-15 1 (quar.)._ dividend Products; Corp. Allied Allis 6 10- 26c Cement__ 9-25 9-30 10- __ 9*19 1 10-31 25c (quar.) 10- 1 10- 10-31 Standard < 10-10 10- 50c 10- 11- 10- 6 37y2C preference (quar.) Process, common (quar.),: : 10-15 - iq*io 25c ; preferred? 4% 9-25 Co., Ltd.— 1 7 9-25 1 $2 (quar.) 11- 9-25 1 10- 28c Common ' . 10- 1 1 I 25c ~ Allied 12- 10- $1 06y4 10-17 1 10- 2'A! 10- $3 $2.50 convertible preferred (quar.)..__ Allied1 Laboratories 1 70c (irreg.) 11- 1 Trust Paper Co. Industries, Inc. Alllanceware, 9 $30c (Irreg.) Co. $1.06% ; (quar.). A 10* 9-24 9-24 - 10- 3 7 y2 c 10-17 12-15 10c (quar.) (quar.) Southwestern 9-22 10-17 10-20 • 1 L 10-15 $1.05 (quar.) Extra Allen Electric & Equipment 15c (quar.)_ pfd. (s-a)_ Allen Franklin $2.20 > 9-23 1 l'l-lO L 10* 4 9-24v 50c (quar.) (quar.) preferred Stock 9-18, 9-18 9-24 „ $2.60 ; Allemdnnia-'Fire Insurance (Pitts.) 6 convertible Southwestern 1 Iron & 4Vtr% 10- 10c common 1 9-30 10- 11- 1 11- Inc;;, 9-30' 10-15 11- Aldens, (s-a) Co., 4.20% Pbwer Allis-Chalmfers - Southern ~l Electric— Ontario Monumental' 7% 1 9-30 $2 Metropolitan Building Co. (quar.) Metropolitan Paving Brick.Michigan Gas & Electric, common... & Steel $1.06V4 11- __ Piping 1 9-30 $2 Corporation (quar.) 75c McGaskey Register, 4Va% preferred (quar.) _$0,140625 McGraw-Hill Publishing 25c McDonnell Aircraft, 6% preferred (quar.)_ $1.50 preferred Louis (quar.) 3.90% (quar.) 4.15% preferred (quar.) Stahl-Meyer, $2.25 prior preferred (quar.)__ 10-15 10*18 preferred Allegheny-Ludlum Steel (quar.) 9-30 $1,25 — 4.48% 10-1 10c (initial) 10-10 10c 10*15- 10c California Edison Southern 10-2! 7V2C:: O 25c (quar.) Products Common 9-19 1 10- 11- 5 $1.25 Mining (irreg.) Water & Power Co. Extra Southern 9-20 11- 4 . 50c Co. of St. Co. Manufacturing Sonoco i 9-30 1 10-1 $1.50? (irreg.) Investors Portland 9-24 9-24 _ Water Smyth 9-24 McCall McLellan Stores Co. 3 1 (irreg.) 4%% preferred (quar.) Macy (R. H.) & Co., 4»/4% pfd. "Manning Maxwell & Moore Massachusetts 10- 1 -— preferred Inc. Gas 10-15 75c (accum.) Cement 8% BleaChery, Extra - 10-15 10- Virginia Mills, class A Portland Midwest Shawinigan Sloss-Sheffield 10- _ Taylor, 4(40% 1 10-28 10c __i London Hosiery Medusa 9-19 10*15 56V4c Drug Co., Inc:, 30c preferred Lonergan Mfg. Co., class B (quar.)__; Luzerne 9-26 10-28 10* 29y2c Shattuck-Denn 25c 6% Bottling Seven-Up > Shasta 5% Loew Lowell 9-19 10-28 50o" ; (initial) 5% 9-27 1 8' 12'/ac 11-10? 9-30 50c preferred Company Lockwood & 11-29 10- 3 10-10: 10- 10-15 13%c 1 50c Alabama & Vicksburg: By 5% 10*25' •' 25c A. (Initial) (quar.) preferred; (quar.) Security Storage Co. (quar.) > 10* 1 34%c ___u 10* 10-15 3 10*15? 250 Common 11-15 35c Co.u_: Insurance Lit6Brothers," Lord 12-15 25c Co., 4y2% conv. preferred (quar.)— Lexington Telephone; Co., 5.2% pfd. (quar.) Extra 9-30 11-15 Special Alabama $1 12y2c - preferred 9-T9 10- 10*> 3 50c? 9-27 10-15 10- 25c (quar.) Appliance- (quar.)___ & Youngstown RR. (s-a)__L_ 10-14 50c class 1 9-20 1 " (quar.) Electric 1 10- 3 (quar.) 5^%, preferred ($10'par), Air-Way Akron> Cantoni 10*15? 20o Corp (quar.) convertible T 10*16' $70 Seaboard Oil Go: of Delaware, (quar.) Securities Investment Co. of St. Louis— 12-15 37Vic j. (quar.) Co. 5>A% 1 5c —: Container, 1 10* 75c Distillers Electric 10- par) H older « 10-3 25c _ (quar.)^,^ ($25 10- 25o 10c l , 11-13? $1.50' (extra) prdferted 25c? (quar.) Co. 5%% 10-13 $1.75 , Scranton 9-19 $1 Electric Map 9-19 23c: (quar.), Arms- Corp;, 9*29' 10- 45 Payable of-Rec.,: 83/4c quar.) common 400' —^ (accum.) (quar.) Gold Schenley ' 3c Roi Life 10- 10-10 $1.50' . dividend Leece-Neville Le 9-19' "» Extra Stock AntoniO 9-19' Products Electric & Paper Co. A 10-13. $1.50 ....— Mines, Ltd. (s-a) San Diego Gas & Electric, com. (quar.) 5% prefefrred" (qpar.)J 9-24"" 9-30 $4.50 pfd. Frary & Clark (quar.)—. Company, Inc. :___ Gas San 9-19 9-20 ' Landers Lawrence Croix , 25c (quar.) Corp., Class 12 Vic? ... Foods 10* IT 12y2a — ; Fifth :Avenue Seaboard u- ___ Laclede-Christy.. Clay 9-30 St. *■ 1 (quar.) Kellogg Company Kentucky Utilities, 6% pfd. (quar.) Keystone Manufacturing Co. (quar.) Extra Russek's 11-25 *' (quar.) A ; preferred (quar.) Building^; 6 % ' preferred Russ j 62y2c __i (accnm.) Light, 4 % % & 7% < 9-30 : 10- 30C Ry., 4*% pfd. City Structural Steel¬ Kansas Power 9-24 25c Sons, common preferred (quar.) 5% ' ' 10-15\ $1.75 J 10- 1 25o;' • 9-30 (quar.)- Kansas City, Southern Lane 12-10 (E.i Kansas 9*30". 10-31 ; (quar.) x Co. (quar:). Rhode Island" Electric Protective Co. 10*15 ! 9*30 10-23 50c Corporation Kahn's ed 30c ' (quar.) preferred Roper' (George1 D.) Corp. (quar.) Royal Typewriter Co;, :common-.... class B Airline When Share Alnsworth Mfg.. Co ^.(increased Extra i, • 9*26 11-25' 50c ' 10-15 1 10-15*'. , 62 Vic1 (quar.)- (increased) Co. Glass $1 . s. pfd. conv. "Manufacturing Co. Jeannette (quar.)_ 11- 10c: . Jacobs (extra) Brewing Goi, Top Jpfif ofGompany Ahlberg Bearing Co., class A (quar.) 11-14 10-15 $250 Reading Glass Name 10*15 — • 9-22 1 11*1" 15c ' __ Milling Co., 4% pfd. Investors-Mortgage Co.MConn.) Cm Purinai 1 13* I; $1.25! Red 9-30 10* 20c' Extra International RalXton • 11- $1.06 y4, prior preferred! (quar.) Quebec■? Power Co. (quar.) » (1293) Holdere Payable'of Ilec. 4iy4c - $5 1 10- 1 $$3.75> (quar.)—____ (quar.) preferred (quar.) Sound Power & Light— Puget . When Share Colorado, com. 4y4% . . ___—,—* Bancshares Industrial Co. J, Public'Servfce GO: of "J ■ - * Per Payable of Wee. Home i & FINANCIAL. CHRONICLE: 12-23 $1.25 10- 1 12-23 12-18 12-19'" 9-15^ 9*30 9-15 $1.50 10* 1 $1.75 10- 1? 9-15 9-15 15o 20o - 9-30. 9-18- , OP:1 THE (1294) 46 Share Name oj Company Name Payable of Reo. $6 Co. 10- $16.50 1 8-26 10- $68.25 10- 1 9-16 1 9-10 59 %C 10- I 9-16 75c 10- 1 9-30 5% 9-11 9-11 Extra $4 Asbestos Corp. Ltd. 1 9-15 Brown 10- 1 9-23 Bruce 9-30 0- 5 Brunner Atlantic City Sewerage Co. Atlantic Co. 10-15 9-23 1 9-24 10- 1 9-19 Burger Brewing Co. $1 10- 1 9-15 11- 1 30c 20c (quar.) 4% pfd. (quar.I.¬ (quar.) . Atlas Thrift Plan Corp., ■' 60c B ; (quar.) #- 5% % Avco preferred .?,17% convertible 7% Bahcohio " . Bank of Bank of Barber • York New 1 10- ,4. ' 1 1 9-10 /r9-20 , 9- 10-10 10- 1 9-15 9c 9-30 9-22 Camden 9-30 9-22 9-15 30c 10- 9 9-25 5% 30c 10- 1 9-10 Canada 10- 2 9-19 10-15 9-30 50c 4 '/2% 10- 1 7% 1 9-22 10- Canada Barker : 1 10- 1 9-10 1 9-10 10- 1 9-18* $3.50 10- 1 75c 10- 1 9-19 45c 10- 1 9-10 50c 10- 1 9-22 9-30 9-15 . (increased) Co. (quar.) (quar.) 15C 37 %c 4% % • 9-30 9-30 preferred (quar.) Bates Manufacturing Co., 4Va % pfd. Bastian-Blessing Co. (irreg.) _* Bath Iron Works Corp. (reduced) Baumann (Ludwig) & Co.Bausch & Lomb Optical Co., (quar.) . — "Beech Creek Railroad Co. (quar.)— Packing Co. - (quar.) Belding-Corticelli, Ltd., common (quar.)—_ *}.■ 7% preferred (quar.) 10- 1 10- 1 50c 10- 1 1 9- $$1.50 10- 1 8-31 $$1.75 10- 1 8-31 $15c 10- 1 9-12 $25c 10- 1 9-12 10-15 9-15 t$2 50o 9-30 9-10 37 %c 9-30 9-15 30c 9-30 9-15 8iy»c 5Ge , 9-30 Corp.-, 7 % preferred (quar.) Co. t (quar.) 10- ; 1 9-15 , : 1 9-20 $1.75 10- 1 9- 50C 10- 1 10- 1 9-20 40c 10- 1 9-24 5 The - Bird -Bird Machine & Son, Birdsboro Bliss & 'v Steel Fdry. Laughlin, & Inc. Bohn Aluininum & Brass Bon Ami Co. class A • Class v B 9-15 9-29 9-15 9-30 9-20 30c common— 10- $1.05 Machine (irreg. )„ 25c com. Bloomingdale Bros., Inc Bobbs-Merrill Co., 4Va% • 9-20 9-29 25c 9-20 9-15 1 10-15 25c 10- 1 9-30 9-19 37 %o 9-30 9-19 $1.50 9-30 9-24 56'Ac 5% convertible preferred (quar.)_ ; Bloch Bros.' Tobacco, 6% preferred (quar.) ' 9-30 (increased) *$4.20 preferred (quar.) <*; 9-30 10c Birmingham Electric Co., < 25c 12 %o Co Inc. 10-24 pfd. (quar.) Corp $1.12% 50c 10? : $1 1 1 9-15 25c 10-15 10-31 10-15 10- preferred (quar.) Boston & Albany Railroad - 10-16 65c 10- 87 %C _ 9-16 1 20c quar.)_ 3%% 10- $2 10- 2 9-17 1 1 9-17 9-30 8-30 Boston Herald-Traveler 50c 10- 1 9-22 Boston Insurance 55c 10- 1 9-22 9-30 9-22 Corp. (quar.) (quar.) Boston Storage & Warehouse Ce. (quar.)— Botany Mills, Inc., class A (quar.) $1.25 - ! Co. preferred Bowman $1.25 25C (quar.) Orach Gum,' Inc (E. < ' 1 20c Bridgeport * Brass Co., $32 %c Hydraulic preferred A Ordinary, , 9-19 9- 6 1 9-23 10-15 9-20 10-15 9-20 10- 9-15 1 9-16 9-30 9-16 9-30 9-12 40c 10-15 9-30 9-30 9-19 : (quar.) 50c 30c — 10- 1 9-15 60c 10- 1 9-15 (quar.) 933Ac — (s-a)_.— Ltd. 10-15 $$1.75 $25C 1010- 10-1 1 1 Is (quar.) 10- 9-26 9- 5 1 9-30 Ordinary registered (interim) 8% preferred fs-a) —_—; S% • preferred registered (s-a)_— Is — 8-29 a2%% 10- 10- 8J29 - • $$i $40c 10- 10-15 9-15 C 9-30 5%% 2 10- 1 9-15 10-15 - 10- 9-19 1 9-22 12-15 11-30 Clopay (quar.) 1 9-10 Coast 9-10 $15c 10- 1 9-30 9-12 10- 1 9-22 11- 1 10- 6 11- 1 10- S 67Ac 25c quar.)_ 9-30 10- 9-29 1 9-29 9-30 9-19 50c 10- 1 9- 5 10- 1 9- 5 12 %c 1 Gas 9-10 10- 1 9-1® 9-30 9-15 9-30 9-12 Extra 9-12 Coca-Cola Company 9-30 9-12 Coca-Cola International $433Ac $55c 9- 3 10- 1 9- 3 10- 1 8-29 10- 1 8-29 Colonial $$1.12% 1 10- 1 $3.50 8-29 10- 1 $$2 10- 8-29 Common 9-13 10- 1 9-12 10-31 . (increased Enterprises, Ltd., 5% 10- 1 9-19 11- 1 9-22 $37y2c $$1.75 10- 1 11- 1 $35c 10- 1 8% Southern ' ,$37y2C 10- 9-15 9-10 1 1 $1.25 50c $1.25 (quar.)„_ $6 preferred (quar.) (New $3 Connecticut General 10- 1 9-15 10- 1 9-15 10-1 9-12 10- 1 9-12 10- 1 9-2 Consolidated A Consolidated 9-16 Consolidated Edison 10-31 10- 9 37'/2c $5 10-31 10-9 10-15 9-30 Co. 12- 1 9-30 11- 1 10-15 9-30 9-10 59%c 50c 10- 1 9-22 25c 10- 1 9-22 10- 1 9-22 32'/2c Consolidated 10- 1 10- 1 9-17 9-19 Consolidated (quar.). 10- 1 1 9-15 35c 10- 1 9-20 11- 1 10- 3 11- 1 10- 3 75c 10- 1 9-15 10O 10- 1 9-2® 10- 9- 5 35c Corp. $6 10- 1 9-20 Consolidated 37%c .11-3 50c $1.25 Electric Trust Machine Press, Class A common Corp.— (quar.) Ltd.— (quar.)— Retail preferred Stores, (quar.) Consumers Power 1 9-10 $5.50 preferred (quar.) Continental Bank & Trust Co. 9-15 9-15 62 %c 12%c 9-30 10- 9-10 1 12-12 9-19 ' 12-2 , Co., Assurance 10- 1 8-19 9-15 $25c 9-30 $1.50 10- 8-28 1 9-22 I $16'Ac 10- 1 9-15 40c 10- 1 9-18 10- 1 10- 1 9-15 t$2 10- 1. 9-15 — $1.12% 30c (quar.) 25c $1.37% 10- 1 9-30 10- 9-12 9-15 1 9-12* 10- 1 9-12* (N. Y.)— 20c 10- 1 9-12 933Ac 10- 1 9-15* — Co.— 33A% preferred (quar.). Continental Car-Na-Var Corp Continental Foundry & Machine— 9-1® Continental Can Common; (quar.), 5 % „preferred Continental Gas (quar.) & 5c 10-15 9-3® 12 %c (irreg.)—... Continental Gin' Co., common (quar.) 4 % % preferred (cjuar:) 4%% preferred (quar.)— 10- 1 $1.25 <. Electric ... $1.12% 9-30 53 %c (quar.) $4.50 pfd. (quar.).. (Chicago) (quar.).. Continental 9-30 9-15 35c ;. .(Toronto) Continental Baking Co., common 9-30 9-15 25c Co 9-18 433Ac 9-15 1 Steel Gas 9-10 9-20 1 10- 1 common 9-30 9-30 10- 10- Power Tool 9-30 9-10 Id- 3 90c & 1 Lithograph Mfg. Co., Ltd 9-30 11-10 0-15 11- (Boston) 10-15 1 9-30 $1 $1.12% Light 30c 10-1 10-15 (quar.) $1 $1.19 12- 10-15 Co. of New York— Investment 1st preferred Consolidated Consolidated 85c 9-13 11- 3 — 9-19 10- 9-30 37 %c " (quar.) Gas 1 Corp.— Increased 9-19 2% . 10- 50c (quar.) — 1 37'Ac dividend 9-12 47 %c Irregular Consolidated 10- 15c (quar.)___ 9-11 (quar.).. common (quar.) preferred (quar.) 4%% preferred (quar.) Quarterly (cash dividend) i 10-32 (Bait.), 10- 1 $1.50 . Cigar preferred Consolidated Corp.— , Insurance 4% 87%c Central Telephone Co., $2.50 pfd. , 11-15 (accum.) 9-16 4'A % _> A (Hartford)— Consolidated Chemical Industries, Inc.^— $1 partic. preference class A (quar.) $1 partic preference class B (quar.) Consumers (accum.) k' 1 75fe Life Cement class $1.40 ' $1.12% pfd. t 1 10- $25c 9-16 Service— States Electric, 7% 6%-preferred (accum.) ^,9-12 10- Quarterly $1.02'/2 (quar.) 9- 9 Securities— (quar.) Inc., 40c preferred 1 ~ 9-30 .10- 1 Consolidated Bakeries of Canada, Ltd.— Common $1.02'/a (quar.j__ 9-2# $1.50 Connecticut Light & Power $2 pfd. $1.90 preferred (quar.) 1 (quar.) (quar.) 0-9 1 $1.37 % (quar.) 9-30 preferred 37 %C 10- $5 preferred Coke & 10- 4% preferred (quar.) : Central Kansas Power, 43A% pfd. (quar.)— Central Maine Power Co., common 0- ® 9-30 Hampshire)— Connohio, Illinois Light Co.— preferred (quar.) 9-3® 9-30 $1.50 9-15 — (quar.) 9-3® 10-15 ' 9-16 $1 A 10-15 $1.75 Insurance 10- (quar.)_ 9-15 $10o (reduced) (Del.)— 10- 1 40c Quarterly series Corp. 10-1 37'Ac Central Illinois Electric & Gas, com. 9-15 9-26 Quarterly Connecticut Gas 15c (N. Y.) 1 10-15 50c (accum.).' Fire 25c Central Hanover Bank & Trust Co. 10- 10-10 $$1.25 $5o preferred (quar.)__ preferred (quar.) $1.75 1 0-15 (accum.) 37'Ac s 1 87 %c ^ Southern Corp.—" $1.183A (initial) 10- 6c preferred I 9-15 12%c Co.— 9-19 $$1.75 Electric & Gas, 4.75% pfd. (quar.)_ Central Fibre Products, common (quar.) 9-8 10- 1 — Connecticut 50c preferred series B Trust 9-30 40c Central 9-30 10-22 90C & 10- 1 60c (quar.) 9- 9 10- (quar.) 10-15 $1.75 (quar.) $1.75 - Bank Solvents Concord Gas Co. 9-17 $1.50 Extra 10-1# (quar.) com common $1 (J.J.) Co., common__ rr preferred (quar.)___ Cassidy's Ltd., 7% preferred (accum.) Celanese Corp, of America, com. (increased) $4.75 1st preferred (quar.) 7% 2nd preferred (quar.)— Celotex Corp., common (increased) 9-2® 10-30 37 %C (quar.) ,5c 7% 9-15 1 1 70c pfd. $2 Cfise 9-30 10- 10- Electric 50c (quar.) 9-12 10c Commonwealth Water, 5%% pfd. (quar.)_ Commonwealth Water & Light Co.— * 9-^1 1 1 50c ^Commonwealth v. 9-16 10- 9-15 10- (quar.) National Quarterly, 7% • 9-15 9-11 Commonwealth Investment Co. V Vr 1 1 Quarterly /,. 25c • Commercial 10- 50c Co:, preferred - 2 9- 10? t $1,';. 3.60% Credit Commercial 10-10 , General Corp. (quar.) Mills, common preferred A (quar.) preferred B (quar.) Extra * 6% preferred (quar.)_ Ohio Alcohols, Ltd., preferred (quar.) Commercial 9-1® 10- $1.50 - —— & 9-19 9-30 1 25C Combined 9-19 1 9-30 10- quar.) Columbus 1 11- Iron Corp.— 0-15 $$2 Carthage Products— Stone 9-30 10- 9-17 $1.25 - (quar.) (quar,) Commercial Carrier'& Aguire Associates (quar.) 10-15 10- 1 2 9-30 1 10- 87 %C (Boston) 11-20 . 10- 10- Co.— (quar.)_ $2c $$1 10-15 10-10 $5.60 Corp $$1.75 $$1.25 8-19 $1.25 Manufacturing Co. (special) Baking Co., common (quar.)50c participating preferred (quar.) Participating 9-30 , 62 %C Columbia $17y2c 10-15 12-18 25C preferred B & 1-1-48 $1.75 *6c Colt's 9-30 1 $17y2c ' '$20c 10-10 prior pfd.: (quar.) $6 Colonial Sand 11-1 Power Ice, Colorado Fuel & common preferred preferred 11-19 75c Colgate-Palmolive-Peet Corp., Ltd.— (quar.) (quar.) - Collateral Loan Co. 10- 10-19 1 $1.75 j. $30c 1 12- 17 %C : $183Ac 10-1 11- Electric— 9-30 $25c Light, & $50c ■ (quar.) preferred A (initial quar.) Coca-Cola Bottling Corp. (Cinn.)— $2.50 class A (quar.) 9-10 10- Counties $25c (quar.) com. $5 preferred (quar.)— Carolina Telephone & Telegraph Stock 9-29 4% 9-16 *ya% 9-11 1 200 1 9-30 Certain-Teed 1 10- 7'/aC quar.) 10- 9-16 Century Electric Co. 9-19 30c pfd. (initial 10- 9-19 Paper Co. Corporation }25c $5c 9-30 Central 9-12 fc-15 9-30 10- (quar.) Peabody & Co., 7% pfd. Coast Breweries, Ltd. (quar.) 9-30 preferred 1 50a Cluett 9-11 3.40% 1 10- 20o 8-29 11-18 Central New York 10- 20o 9-10 1 preferred 9-15 9-15 200 1 1 3.50% 1 10- 1 30C 1 $50c Public 10- $1 Co 10- 12- Illinois 8 $1 $1.37% (quar.) 10- 10- 4% % 9- 9-201 $1.12% $50c 50c Central — 10- 1 common $31'Ac I7%0 preferred Molybdenum Industries, Inc. Monthly Monthly Monthly Monthly Clinton Water' Works, 7% $7 4.10% 9-1® 1 1-0-15 $1.75 (quar.) (quar.) (initial 2 $6 Central 11- 75c com. 9- $10c Electric & Coke 9-1® 9-1® 1 15c Illuminating, 9- 9-15 , Iron, 1 9-19 Coal preferred Cliffs 1 1 Central 1 1 10- (quar.) 10- 10-1 preferred 1010- 23A% common 10- 10- 5% conv. Corp., Climax 65c Central $1 75c (quar.) 9-19 75c 6% 9-15 62 %c $4.50 (quar.), 6% 9-30 11-18 $1.78 11-19 $1*78 1-16-48 2-10-48 10-15 8-29 a2%% British Columbia Electric, Ltd. (quar.)-—— British Columbia Power, Ltd., class A (quar.) 10- 8-29 • Clary Multiplier Capitol Records, Inc., $2.60 conv. pfd. (quar.) Capital Transit Co. (quar.) Capwell Sullivan & Furth OakPreferred 4 quar.) Carborundum Co. (quar.) Carey (Philip) Mfg. Co., common 5% preferred (quar.) 4% 10-21 30C (quar.) 9-19 $$2 Pacific Ry Corp., 1 10-31 8* of 10-25 $50c Co,-"(quar.) Capital Administration Co., Ltd.— Carrier 10- 250 preferred (quar.)— Cleveland Union Stock Yards $31'Ac Malartic Gold Power & ® 10-15 $2.25 (s-a) $$2 (s-a) preference Central Co., Lta.— (interim) 10- (quar.) •$1.50 Cannon Mills Co..——— 6% . . British-American Tobacco 10- > 1 9-30 (quar.)—- Bristol-Myers— 3%% participating preference Co., 9-30 10- 25c (quar.) Oil 9-15 35C common British American Assurance British-American 10-1 • 9-15 $1.37% (quar.) (quar.) Co. t$5 Cannon -Shoe Carolina 10- (quar.) $75c Westinghouse, Ltd. (quar.) Wirebound Boxes, Ltd.— class A (quar.)— 4.10% $$1.50 Briggs1 Manufacturing Co._ $2 (■:. 25c $12 %c — common convertible preferred Bridgeport Gas Light Brillo Manufacturing Co., ■ 60c & Brazilian Traction Light & Power, Ltd.— •• 6% preferred (quar.j Bridgeport '■ & Sons— Kluge, Inc. (quar.)_ Brantford Cordage Co., Ltd., com. (quar.) $1.30 preferred (quar.) 5%% - J.) 9-30 3iy4c ' Brandtjen Cleveland $75c preferred A 9- 1 30c Cleveland Electric Canadian 9-20 10- 10-31 (quar.) — • 9-15* 9-15 Canadian 10-14 _ (quar.) Book of the Month Club (quar.) Borg (Geo. W.) Corp. (quar.) Borg-Warner Corp., common (incrd. " 1 1 Canadian Silk Products, $1.50 class A (quar.) Canadian Vickers, Ltd. 7% pfd. (accum.)— $3 1 11- Yards common 10- Mines, Ltd. (s-a) Canadian Oil Cos., Ltd.— 4% preferred (quar.) * &% preferred (quar.) 8% preferred (quar.) 9-20 $1 — — 9-2® 16- (quar.) 10- . Canadian A 9-12 General Canadian 1st Class 9-15* ... Bickfords, Inc. (quar.) Bihgham-Herbrand; Corp. .(formerly Bingham Stamping Co.), common 5% convertible preferred .(quar.) " 5 7% City Stores Co., $1.06'A $1.06 V4 (quar.).. General 11-10 75c $1.75 pfd. preferred preferred 1 Investments, Ltd. (quar.) Canadian Ice Machine, Ltd., class Al__ Canadian Industries, Ltd., common (quar.)_ 7% preferred (quar.)_ ' 9-10 1st 1 Quarterly 9-10 10- 7% 10- (quar.)—. pref. 9-221 87 %c (quar.) Stock 5%% 10- (s-a) Products, Ltd., Canadian 9-15 35c Class A Ltd. 15c jl Canadian 9-12 $35c (quar.)— — 9-12 $15c $$1.75 9-159-3®. $5o City Investing Co., 5%% pfd. City of Paris Dry Goods— <: (quar.) com. 1 9-30 each Washington (Pa.)—> preferred (quar.) '7% 9-15 1 10- 10-15 Clinton A Canadian Foreign Investment 9-12 $50c , 1 10- for common Citizens Wholesale Supply Co.— 6% preferred (quar.) * City Ice & Fuel Co. (quar.) 9-10 series 4'/2% 10-15 1 Bethlehem "Steel Mfg. 10-30 &■ preferred Extra 9-15 $1 ^O-IO* 10- 1 45c $1.12 Union Citizens Water Co. 34%c 9-15 2%c Quarterly 10-1$. 1 9-16 (quar.) (quar.) $62y2c Corp. class conv. non-cum. Food preferred 11-1. 10- 1 $0.2083 Oil Cinzano 1 (Toronto) (quar.) Co. preferred Cotton Cincinnati ' 10- . RR. 10-15 9-15 (quar.). - Steamship Lines, Ltd. Canadian 9-15 1 1 — Bessemer Limestone Jfc Cement— Bibb 1 10- , 10- < c' 10- 25c 10- - • 9-19 50C Hosiery- Co. .of. Can' ada, Ltd., common (quar.) 1 ? 45 % preferred (quar.) Bell Telephone Co. of Canada (quar.) Bendix Aviation Corp.-— (Bendix Home Appliances, Inc. ('Beneficial 'Industrial Loan, .common—— $3.25 preferred 1946 series-'(quar.)^_ 4% 9-30 84%C __ ,fi Beech-Nut - 9-15 9-19 35c Foods Co., common (quar.);—_— convertible: preferred (quar.) • Beatty Bros., Ltd. (quar.) •Beaver Lumber Co.,. Ltd., $1.40 pfd, (quar.) Glove 1 1 $1 Beatrice Belgium 10- 10- 25c <>•-' 3% % 45 9-10 1 $1 common pfd. $1.75 9-19 1 25c preferred (quar.) Baystate Corp. (quar.) . 10- $1.12% 4% -is 10- 56'Ac Louis 11- 1 9-30 — Participating $1 9-15 11-17 50c Celanese, Ltd., common (quar.) preferred (quar.) preferred (quar.) Canadian Cottons, Ltd., common (quar.) 6% preferred (quar.) ; 9-19 1 10- Cincinnati Gas & Electric, 4% pfd. (quar.) 4% preferred (quar;) Cincinnati & Suburban Bell Telephone Co.— 9-15 1 Canadian 9-19 37 %c com. Extra 10- 9-16 11c convertible 7% 9-23 „ 10- Participating 60c 1 1 10- 6 Varnish, 5% preferred (initial) & Cable, class A (interim) Canadian Breweries, Ltd. (quar.)_ Canadian Canners, Ltd., common (quar.) 5% 1st preference (quar.) 9-19 (quar.) 10- 10- Y.) (N. 1 10- Christiana Securities Co.— 9-15 9-22 10c Canada Wire 30c (quar.) 1 1 63c Canada 10- (quar.) Brothers conv. Permanent Mortgage .$1 10- 10- Co. 10- Fund $2.50 prior preferred 9-12 (s-a) $1.75 10-20 $3 Ltd.— Packers, participating ■ >•■/ Power B Canada 40o 2 10-15 (quar.) $1.50 9-10 1 9-15 10- (quar.) $25c Northern preferred Class $1.25 9-10 10-1 15c (irreg.) Chicago Mill & Lumber (quar.)" Chicago Pneumatic Tool Co.; com. (increased) $2.50 convertible prior preferred 2 9- 10-15 Ginger Dry Canada 9-22 10- (N. Corp. Forge Co.,5y2% Canada If- 9 1-2-48 8%o 10- 1 9- 11- 1 Ale, common— $4.25 preferred (quar.) $4.25 preferred (quar.) 9- 8 1 9-30 9- 5 31'Ac common Mines, Ltd .Chicago Allerton Hotel Co. 9-l6« 1 10- 10-15 Chesterville 10-25 1 1 25c (quar.)_ (quar.)- share of Chesapeake & Ohio Ry. held (quar.) 3 '/2 % convertible preferred (quar.) 9-26 11- 10- 50c pfd. A Common 9-11 9-30 10-15 56'Ac (quar.) j Chesapeake & Ohio Ry. Co. (stock dividend) l/40th of a share of New York, Chicago & 9-12 $5c 1st preferred (quar.) Class B (quar.) Canada Life Assurance Co. 10- 1 9-2® $1.12% conv. Chemical Bank & Trust 9-12 75c Canada Bread Co., Ltd.— 9-30 $1.50 1 11- 9-20 1 Cherry Rivet Co. 9-20 1 1 1 1 (s-a) $1.50 conv. preferred (accum.) California Water Service (quar.) 5c Manufacturing 10-10 1 1 10- Co. Mfg. Co., preferred Chemical 9-19 $$1.12% California 9-15 (quar.) (N, Y.) Asphailt Barcalo 10-20 101010101010- 25c $1.75 50c../ (initial quar.) 9-18 1 20c Y.) 9-25 Master (quar.) 10- 56'Ac (quar.) Mfg. When Holder# Payable of Rec. 5c (quar.) Candy-Co., 5% 5% 9-18 10- preferred Fibre & preferred Chapman Valve 10-15 9-30 $4.50 Pacific Trading—- 1 Yorktown Co. preferred $2.50 1 10- 10- 10- 83Ao Y.) 1 10-31 9-30 (quar.)— California 15c (quar.) (quar.) (N. 9-18 $1.25 31'Ac 31'Ac 12'/2c 28'/ac $2.14 Co., Calgary & Edmonton Corp., Ltd. Electric Power $3 pfd. 5 10-15 Trust Bankers (P. H.) . the Manhattan Co. 10-1 Champion Paper Chickasha 20c -i. Bank of Chefford $15c 7c Hydro-Electric, common (quar.) preferred (quar.) ... preferred (quar.) 7% 10- 11- 75c Bangor 4 % Chase 9-18 28yaC (quar.) 50c ■Bangor & Aroostook Railway— r 5% preferred (quar.) - Ltd. Steel convertible preferred (quar.) 37 %c (quar.)-; Corp. Extra 10*1 25c — preferred preferred convertible 9-15 10-16 1 56y4c (quar.) Inc Steel— . 683Ac jl—:—-- Axe-Houghton Fund B, Inc Axelson Manufacturing Co. .(quar.) "Ayrshire Colliers Corp. (quar.)__. Babbitt (B. T.) Inc. (quar.) Backstay Welt Co. (quar.) Baldwin Company, 6% preferred (quar.) Porcelain 9-15 1 40c Buildings, 7% pfd. (accum.) 5% conv. pfd. (quar.)__ 5% non-conv. preferred series B (quar.)— Butler's, Inc., common (quar.) 4%% preferred (quar.) Butler Mfg.- Co. 6% pfd Byers (A. M.) Co. com. 7% preferred (quar.) C. I. T. Financial Corp. (quar.)—*— Butler 9-15 10-. 1 11- 500j ——— Corp., $2.20 conv. pfd. (quar,).. Avery : (B. F.) & Sons, common (increased) (. 6% preferred (quar.) Avon Allied Products, 4% pfd. (quar.) Avondale Mills, common (monthly) Baltimore 6 9-15 1 tlOc (Hartford) 1 10- 40c : 4%% 9-16 1 10- $15c Mfg. Axe-Houghton Fund, 10- 17 %c $25c (quar.) ; 10- 4'/2%" convertible 1* Bush Manufacturing— 6 10- 1 9-30 56V4C — _— Automobile insurance Co. 9-15 30c — Atlas Steel,. Ltd. (increased) Auto Finance Co., common (quar.) ' 10- Ltd.— participating class A „(quar.) ?. Clas3 • 11- 933Ac . pfd. (quar.) 7% 1 50c (quar.) Extra .. . . 10- $1.25 35c $1.75 90c $35c Bush Terminal Atlas Imperial Diesel Engine. Co.— 'J Series A preferred (quar.) Auto Fabric Products, 9-12 Burlington convertible preferred A 3.75% preferred B (quar.) 4% 10c 9-22 St. 10- 9-22 9-30 45c ,. (quar.) Atlantic Greyhound Corp., Atlantic Refining Co.— ■' (extra) $1 (initial quar.) City Electric (quar.) Atlantic > Manufacturing $5 9-10 1 10-21 a5% ' common 9-15 90c 25c 93%c 10c — 25c (interim) 1 $1 (quar.)— preferred preferred (quar.) Bucyrus-Erie Co., common 7% preferred (quar.v Buffalo Niagara Electric, 3.60% pfd. (quar.) Building Products, Ltd. (increased quar.)— Bulova Watch Co. (quar.) Bunte Brothers (quar.) 10- $15c Associates Investment Co.— (■> New $3.60 10- Brunswick-Balke-Collender— Hardware Co., Ltd.— C-Class A (quar.)-; Associated Electrical Industries, Ltd.—• (J. H.) Ordinary (quar.)* Co., L.) Co., common preferred (quar.)— 3%% B- 5 9-30 $200 (quar.) $100 Ashdown Shoe (E. 10-15 10-15 20c , preferred 10- 9-18 9-18 $1.25 20c -— 9-30 50c (quar.)— common Share Hosiery Mills com. 4'/2% preferred (quar.) Chain Store Investment Corp.— 9-30 10- Company Chadbourne 15c preferred (quar.) 25c Per Name of 9-19 $25c — .. Brown-Forman Distillers, 7%c (quar.) (quar.) Corp. Holdera 1 50c Extra 9-18 9-30 10- 25c Brown Artkraft Manufacturing Corp.— convertible preferred (irreg.) Bronx 10- When Monday, September 29, 1947 Payable of Rec. 18c *_<. Brompton Pulp & Paper, Ltd. (quar.) County Trust Co. (s-a) Durrell Co., common (quar.) 1 25c 25c 50c CHRONICLE §hare Investing Extra 50c 6% of Company Street Brockway Motors Co. t. Arundel FINANCIAL Per Broad prior pfd. (accum.) This payment clears all arrears 7 % preferred (called for redemption Oct. 1 at $115 plus this dividend) ''Armstrong Rubber Co., class A (quar.) *f * Class B (quar.) K43A% convertible preferred (quar.) Arrow-Hart & Hegeman Electric (increased) Art Metal Construction (quar.) & Armour & Holden When Per COMMERCIAL 10- 1 0-17 9-30 9-23 9-17 ' $1 50c $1.12 $1.13 10- 1 10- 1. 1-2-48 9-15 9-15 12?15 Share Payable of Reo. 75c 9-29 9- 2 of Company Oil (Del.) (increased) Industries Co. Continental-United 25c 9-30 10- 1 $1.31% 12 %c 87'Ac 10-15 9-30 10-1 9-.»0 9-zc 9-lb 9-16 9-23 preferred (quar.) series A Corning Glass Works, common 3%% preferred (quar.) $5.25 $1.50 Coronet Phosphate Co & Corroon $1 ' Reynolds Corp.— • L.), Ltd. (quar.) Cream of Wheat Corp Creameries of America (quar.) (R. — — Crompton & Knowles Loom Works 6% "preferred (quar.) Crosse Blackwell & Zellerbach 10- 1 10- 1 10- 1 10- 1 $2 9-30 9-30 12-31 12-17 30c 9-30 9-17 30c 9-30 9-17 15c 25c 9-30 50c ' 9-30 1-2-48 10- 1 9-20 9-18 12-18 9-19 $1 10-1 9-19 10- 1 $1.25 ,1-2-48 (initial quar.)-.,... 15c 10-15 20c 10-15 $1.12 % 10-15 (increased) 50c 10-20 9-18 12-17 10- 2 10- 2 10- 2 10- 6 $2 ^Class B (quar.) Crystal Tissue Co. (quar.)_. Cuban-American Sugar Co., Common common—! (year-end) Atlantic Sugar, Extra i $1 (quar.) common : preferred (quar.) $1.25 „ 5% preferred (quar.) Cudahy Packing new com. Special 4%% preferred , ! Cuban 5% — (quar.) Cunningham Drug Stores Curlee Clothing Co.— 4% % preferred (quar.) Davenport Hosiery Mills (irreg.) David & Frere, Ltd., class A (quar.) Extra Davidson Bros. (quar.)—. Chemical Davison Corp. 1— (quar.) Dayton & Michigan RR. Co, com 8% preferred (quar.) De Long Hook & Eye (quar.) De Pinna 6% (A.) Co., (s-a) class A preferred conv. »— (quar.) De Vilbiss Company Records (quar.) Decca Decker Mfg. (quar.) Co. 9-30 , Ex-Cell-O Fabien 7% preferred 7% preferred Fabricon & Brass Detroit Aluminum Detroit Detroit (initial)-* Detroit River Tunnel (s-a) Class B (quar.) Diebold, Inc. (quar.) Disney (Walt) Productions, Inc. 6% preferred (accum.). District Theatres (quar.) Dixie — Fashion Motor 9-10 9-15 9-15 9-20 9-25 9-25 10-10 9-16 9-17 Federal 5% 10-10 10- 1 10- 1 9-30 9-30 1- 5 9-22 9-22 10-25 10-15 10- 1 10- 1 9-13 Foster 9"19 Foster-Wheeler Corp., *25c$$1.75 $50c $50c convertible preferred (quar.)™.! $1.12% 10- 1 Douglas & Lomason Co. (quar.) ! 7%c Extra 11-15 (quar.) (initial) Draper Corp. (quar.) 1 Dravo Corporation, 4% preferred (quar.) Duke Power Co., common— 7% preferred (quar.). Dun & Bradstreet, Inc. 4%% preferred (quar.) Dunson Mills —; duPont (E. I.) de Nemours & Co.— $3.50 preferred (quar.) $4.50 preferred (quar.)—— preferred A 2nd preferred ; ! • Duval 9-30 Texas Sulphur ' $2.20 l Eastern Gas $1.50 & Fuel 9% 1st preferred A 10-10 9-10 9-22 10-10 $1 (quar.) preferred (quar.)— v \ 4% \4% _ Corp., Ltd. Trust, Ltd (quar.) 10- 1 9-15 General 12-18 12- 1 (quar.) — (quar.) 12- 17 %C 11-20 Co. 1010- 9-15 10- 9-15 Greenwich Water 9-19 Greif 75c 9-30 9-30 50c 10- $12 %c 9-13 9-17 1 9-15 10- 9-30 1 9-15 37 %C 10- 1 37 %C 10- 1 10- 1 25c 10- •i!$35c 12V2C 9-20 7% 10- 2 fl-20 General 25c 10- 1 9-19 General 50c 35c 10- 1 9-5 10- 1 9- 5 9-30 1 ' 9-15 , 9-30 9-15 $80c 12%c 10- 1 9-2 9-10 $1.06% 10-1 9-30 , _ 9-20 $1 10- 1 9-15 10-25 10-25 9-30 1 10-15 1 10-15 10-31 10-15 ''Gtiardian Public El Dorado Oil Works (stock dividend) 100% 12-15 11- 3 General Portland 10-31 10-31 10-15 2 7%c 10- 1 10- 30c Non-cum. $1.50 Gulf 9-19 9-19 7 9-23 9-30 9-25 9-30 10- 1 9-19 9-30 9-15 9-30 9-16 ;$ 1.75 10-15 9-30 9-30 9-20 *12%c 10- 1 9-20 *$3.75 10- Class ■5% 8-29 8-29 8-29 10- 1 9-20 10- 1 9-19 2 9- 9-19 1 9- 9 Utilities series 10- 1 9- 9 Hartman 9-20 11- 1 10- 1 10- 1 9-26 1 9-26 45C 10-15 9-30 25c 10- 1 9-15 37 %C 10- 1 9-11 9-25* 10c 10- 1 9-25* 25c 10- 1 10- 1 - — 10- 1 $1.25 10-26 9-19 $1 11-25 11-10 25c 11-25 I Hreinz Heller 1 9-18 11- 1 10-10 $1.25 10- 1 Invest. 25c 10- 2 6c 1 9-16 $3 (quar.) Co. (N. .-™i™ Y.) (quar.) 10- 1 9-20 10- 1 9-20 Helme *20o 1 11-15 10- 1 9-15 $1 10- 1 9-15 9-30 25c 9-22 $1.12% 10- 1 $1.06% 10- 1 9-10 50c 10- 1 9-19 10- 1 9-19 10- 1 ,9*19 10- 1 9-17 * t $1.25 30c (J. ; 9-10 9-30 9-15 10-20 10-16 10- 1 15c 10- 1 9-20 $1.25 10- 1 9-20 $1.25 10- 1 9-20 *15c —. 25c 9-30 10- 9-15 9-22 1 9-22 $1.12% 10-15 9-30 12 %c 9-26 9-12 $1.25 (quar.) Co., com, -i 9-30 8-21 (quar.)™ Glass (Walter E.) (quar.)_ Co. & Co., common (Geo. W.) Co. com. (quar.) —™ - —■ ■ 9-12 1-15-48 1- 5 10- 1 9-19 10- 1 9-20 1 9-13 10- 1 9-15 10- 1 9-15 9-30 9420 10- 9-30 9-30 9420 9-20 10- 1 9-t 6 10- 1 9- 6 J150 10- 1 9T'l5 *$2.50 10- 1 9-15 $1.50 10- 1 8-20 25c preferred (s-a) $6 9-11 1 15c $1 $1.37'/a $1 $1.75 (quar.)™ * 10- 1 9-24 10- 1 9-19 10-20 10-15 (quar.) Henkel-Clauss, 1 10- 75c $1.50 30c 45c 91'Ac —™ 7% preferred (quar.) Hendershot Paper Products, Ltd.— Common 10- 50C J.) (quar.) preferred Hercules Cement Corp.— New (initial common quar.) Corp Products — (quar.) 1 10- 6 10- 6 Hinde & Dauch Paper Co. of Quarterly 9-16 9-16 11-11 Co. 11-1 9-15 9-19 1 25c Tobacco 10- 1 12 50% 5 9- « 50C $1.25 1 12- 9- 20c * 10c Insurance 933Ao 9-30 « 9-29 $1.50 Motors 10- 9-15 1 $1.50 Steel 10- 1 1 25C —- Hlnde & Dauch Paper 25C 1010- Co. Hershey Creamery Co. (quar.). —— Hibbard, Spencer; Bartlett & CO. (monthly)* 25C 9-15 9-15 :18- 1 15c Hercules 25C 9-10 t- 10- ^ Hercules 9-10* 1 $1.50 9-15 id- 1 10- 50c- preferred (quar.)„ 9-19 $1.25 1.-104 IV- . n55C 50c 9-16 ——- 9-2 10- 25c 1 10- 9-25 9-13 Tr., pfd.™ :. 10-20 12 %C 1 9-29 1 (quar) preferred (quar.) 5% % preferred (quar.) 9-20 —— 5 10- 4,. 4% 5% 10- 9- 9-15 $1.25 Co., common (quar.) 3.65% preferred (quar.) Helena Rubinstein (see Rubinstein, Helena)— - $1.75 9- 15 1 30c preferred Insurance Fire Hazel-Atlag 11-10 87 %c 10- $50 $3 non-cum. preference (quar.) Hawley Pulp & Paper, $6 pfd, (quar.) 9-20 40c 10- 75C . Common 9-15 15c 10- 1 9-20 —— Fire Hartford $1 9-20 1 Harrisburg Steel Corp. Hart Battery Co., Ltd Hart & Cooley Co. 1 25c 9-20 1 1 <• preferred (quar.)—>—, Harrisburg Gas Co., 4'/a% pfd. 1 50C 1 10- 1 preferred ■ (quar.) Harding Carpet, Ltd. (interim) Harnlschfeger Corp. com. 5% preferred (quar.) 5% 2nd preferred (quar.) Harris-Seybold Co., common (irreg.) 10- 9-15 10- 10- 6% 10- 9-30 9- (Hartford)— Winkle-Munning Harbison-Walker Refractories 10- 9-30 1 10- (accum.) preferred '(quar.) 9-20 1 10- 50c 9-30 1 9-10 *5c B 9-15 - $1 preferred (quar.)_ preferred (quar.) 10-15 10- (stock dividend) (quar.) 4% preferred (quar.) —* Hamilton Mfg. Co, (irreg.) — Hammermill Paper Co., 4%% pfd. (quar.)™ 4'A% preferred (quar.) Hanes (P. H.) Knitting Co., common 9-30 ! $5 pfd. (quar.) 1 $1.06% Hanson-Van 31'Ac (quar.) 9-19 11- Corporation Hajoca $2 * 2 Haloid Company com. 75c (quar.) 10- 20c Quarterly Hanover (quar.) (quar.) 2 50c (Bait.), 6% pfd. (quar.) Gypsum Lime & Alabastine (Canada)— 9-15 1 8-30 10- $1.75 Guilford Realty Co 9-15 10- 8-30 9-30 40c (quar.) Gulf Power Co., $6 Gulf*Public Service 9-30 10- 9-19 9-30 *75c (initial)-™- common new Corporation 9-30 10- 1 *750 25c 9-12 9-16 Oil 37 %c • Cement 10-15 Guardian Rail Shares Invest. Trust— Holland Furnace Co. • 10-31 *62 %C $5 $5' preferred (quar.) 2nd 9-23 11-15 56'Ac Sugar $1.50 preferred 10-15 10- (quar.) Corp., i 9-30 75C (quar.) Corp., $3.50 pfd. (quar.) Industries, 5% pfd. (quar.) Paint 9-20 10- (quar.)™ Western Guantanamo 9-17 11- (quar.) Foods convertible 1 — 9-17 $30c Co preferred 9-15 10- $1.50 pfd, 9-30 1 '" $3.75 9-15 1 25c • 1 $$1.37 com. General Motors Corp., 9-20 1 10- 31'Ac. 10-31f * $$1.25 preferred General Mills, 1 10- (quar.) Guardian Investment Trust 50C Corp. 10- (quar.) com. 9-20 10- 40c (quar.) Dry Batteries General Machinery 10-15 .1. 9-15 11- — ' General Instrument Corp. (quar.) General Investors Trust (Boston); 9-19 10- 1 1 $1 Brewery Co Griggs Cooper & Co., 5% 1st preferred (quar.) Group No. 1 Oil Corp Gruen Watch Co. (quar.)— 2c Co.—. 11^ Co., Inc. 0^30 10- :12%C (quar.) (quar.) General Flreproofing 9-20 2 10-1 25o 10-15 *27 %c Co., $5 pfd. (quar.) Guaranty Trust Co. (N. Y.) (quar,).iC » 9-20 1 15c (quar.)-— 9:30;it' , 9-19 11- 25c - 10-15" 1 :25C' $12.50 9-15 9-30 10- 1 $1^ 40c (initial) pfd. Class B Griesedieck 1 9-10 9-10 $0.0529 9-17 10- 1 1 — ' System, 6% 1 10- 1010- 10c (N. Y.) Cooperage, class A 10- $1.12% common •■A. m —*.!•— Bros. 9-20 ± Corp.— preferred (quar.). Corp. 9-12 9-12 $$3 Participating 9-15 1 Co. 1 Corp 2nd pfd. 9-30 9-30 32 %c preference pfd. 10- (quar.) Electric $1.25 partic. t$1.50 — Brewing Greenwich Gas 9-19 Greyhound Corp., 4%% preferred 25c pfd. $1 preferred 10- 9-19 9-22 Co.— 20c • 10-15 $1.25 - 70c (quar.) $4 preferred series C (s-a) 5% preferred A (s-a) General participating preferred 9-19 General Finance Corp.— "■ Edison Bros. Stores— 4%% 1 $12%c (quar.) preferred General 12 %o Investment Ecuadorian 10- 9 9-8 40c (quar.) Great-West Life Assurance Co. (Winnipeg)— Quarterly Great West Saddlery, 6% 1st pfd. (quar.)™ 6%. 2nd preferred (quar.) Great Western Sugar, com. (increased quar.) 7% preferred (quar.) Green (H. L.) Co., Inc. (quar.) Greening (B.) Wire Co., Ltd. (quar.) 4c Baking Co., $8 General Capital Corp General Controls Co., 9-15 (quar.)., $1,50... Easy Washing-Machine'Corp.; common A™ '*;12%c' Economic $1.25 $50c (quar.) 1st preferred 25c B 9-15 Investors— conv. 1 preferred Common 4 9-15 $1.25 (irreg.) ~ 6% 9-12 10- 1 B convertible 34 %c American convertible $1.12% * Eastern Steamship Lines, com. (quar.) $2 convertible preferred (quar.).: 1! Eastman Kodak Co., common (quar.)™ 10- West Felt 50c 28 %c preferred 10- $1.80 $2 par and no par value (quar.) 1 10-20 75c E.) General Cable / 6% (quar.) Common 10- 1 55c participating preferred A $1.50 L," .Eastern Racing Association, Inc.— ' 9-12 General Builders Supply Associates— 6% preferred (accum.) 4%% prior preferred (quar.) Eastern Massachusetts Street Railway— 1 $2 — Extra 5% 10- 1 10- 10- General American Transportation— Initial quar. — 9-20 37%c 9-20 Gemmer Manufacturing— I (quar.) 9-20 12 %c Power Co., common preferred (quar.) preferred (quar.) 9-15 9-30 Great 1 $$1.12% Gatineau 10- 1 10-25 Great Lakes Steamship class new 20c preferred (quar.) 5%% preferred (quar.) Garlock Packing Co. (quar.) General 25c 9-20 $1.20 40c 4 V2 % General Box 1 1 62 %C (quar.)™ com. pfd. 9- pfd. (quar.) (quar.) 10- $50C conv. 9-18 1 9-30 30c preferred A Great Lakes Power, Ltd., $7 9-19 9-15 10-25 Co., 6% 1 10- ?$1 - 9-26 25C Co 10- 62 %c Lakes Paper Co., Ltd.— $1.18% (quar.) common $1.12% - (quar.) 1 (quar.) Ltd., J.), 9-18 *15o 10- I Canada, Ltd. 1 — (irreg.)——— Co. 9-15 9-19 10- - 933Ac $6 1 1 pfd. conv. Class 1 1 9-11* 1 1 (quar.)- common 9- 10- 10-1 10- (quar.) 1 10- 9-II* 10- Quarterly Great 1 10- 8-30 87%c $1.12% 9- $1 Co., 4%% pfd. (quar.) Gair (Robert) Co. 6% pfd. (quar.) Gannett Co., Inc., class B conv pfd. (quar.) Garfinckel (J.) & Co. com. 9-20 1 1 56'Ac (R. 10-1... 10- 10- 9-22 $4.50 Toy, Ltd. T.) Company, preferred (quar Great American Insurance Co. 9-16 1 $3 $2.25 9-16 1 > 1 Grayson-Robinson Stores— 10-21 1 10- 10- 10- 1 10- 1 10- 9-17 10-21 10-31 $3 preferred (quar.) Industries, Inc.— 75c $1 9-30 10-31 Funsten 10-1 $1.12% „ 9-17 10- 15c 75c • 9-30 10- 9-11 50c Graupner (Robert H.), Inc., 6% Gray Drug Stores (quar.) $1.50 General (quar.) pfd. (A. $1.75 ... 9-20 1 $1.50 - 10- : 50c — 1 1 1 $1.75 ; 33A % Bag & Cotton Mills (irreg.) J— Fulton Trust Co. (N. Y.) (quar.)^^/— General (quar.) 1 10- 10- 56'AC • Fisheries, Ltd. (quar.) Hosiery Co., Inc. (increased quar.)- Extra . —————— Brewing Mfg. 10- 1 10-15 10- $20 Brewing Co. of Mich, (D. B.) 5 V2 % Foods 9-17 10- 11- 40C , 9-20 10-16 1 10-25 $1.25 Gorton-Pew 15C Fulton 9-20 10-13 Gordon (W. "25C Fuller * Eason Oil Co. (Peter) Frontier 10- 1 $1. 67 7/10e 6 9-15 10- 62 %C _ 1 10-30 ' 60C * & Extra 9-20 9-30 10-15 9- 9-30 25c prior pfd. (quar.) 6% 15c 87 %c (quar.)™ Extra Grant (s-a) class A pfd. 4>/2% preferred (quar.) Froedtert Grain & Malting, 9-10 25c (Initial) $4 ; 1 6 Grand Co Sixth West Luxe Freiman 10-15 10- 1 4 9- 40C Extra 9-1 2%c Dow Chemical Co., new common ' de 5% $25c 10- 11- 1 9-15 Francisco Sugar Co. (irregular)— Fraser Companies, Ltd. fquar.) ponnell & Mudge, Ltd.— convertible class A (Initial) 10- 9-10 — Depot Co. Co. Foundation Co. of 10- 1 10- 1 10-15 10- 1 11-28 1 $2 A Pressed; Steel Fuller ,10- 1 $$1.25 Extra $1 Union ,Foiir-Twelve 10- 1 11- 1 9-15 9-15 10-15 Corp. Insulation & Kleiser (N. Y.) 50c Common, 10- 1 9-1 9-5 9-15 9-1 $25c 9-11 1 1 1 Dairies, Inc., common (quar.) preferred (quar.) Street 11-25 10- common 20c Class Steel .. 9-26 9-26 9-30 12-31 9-30 12-31 9-30 10- 10- 9-30 Foremost 9-30 9-10 9-30 60c Stores, Shoe, 9-15 11-29 75c (quar.) Bros., $2.50 preferred (quar.) Co., Ltd., 4% pfd. (quar.)—Common (quar.) Goodrich (B. F.) Co., common $5 preferred (quar.)— * Goodyear Tire & Rubber Co. of Canada, Ltd., (quar.) 10- *— 9-30 25c .j„. preferred 10-15 $1.06% (Increased) Food Machinery Corp., common (quar.) Foothills Oil & Gas Co., Ltd Foreign Light & Power* 6% 1st pfd. (quar.) 9-30 9-17 $4.50 9-18 (quar.) $1.12% (s-a) (quar.) Golden State 1 B Follanrbee (quar.) Company, preferred Co. Co., 1 — (N. Y.) 11- 5 Fox 9-15 $1 Rubber & 11-18 Fox preferred (S. A.) Art 11- (quar.) 15c Goldblatt 37 %c 4%% .preferred ..(quar.)—_: jFostoria 9-30 9-fO 35C -. Tire 9-26 9-19 ,9-30 9-19 11- J 1 50c 9-16 t.'^d-l# 9-15 10-20 10- com Pennsylvania of National Fort 1 Gotham Inc. (quar.) Fisher Bros. Co., $5 pfd. (quar.) -i.— Fitzslmmons 3tores, Ltd.— 7% preferred (quar.) Florida Public Utilities, common (quar.)— W- 3 4%% Co. Formica 10- 9-11 56 %C (quar.)— Extra 6% 9-15 $1.50 1 37 %C Participating Florsheim 1 2 10c York New Equipment Bureau, Inc. 4% participating preferred Firestone 9-15 10- 62 %C Filing Finance 9-15 $1.25 10- IOC of 15C 9-15 10- 40o (quar.) Bank Avenue First 9-30 , preferred , 9-19 (quar.) (quar.) 4%% preferred' (quar.) Globe & Stock Telegraph (quar.) Globe-Wernicke Co., 7% pfd. (quar.) Godchaux Sugars, class A (quar.) 9-11 10-15 *15c (quar.) 9-30 1 Glidden 9-19 15C 9-30 Voting trust certificates (quar.) $1 preferred (quar.)™ ™ Dominion Textile C<y., Ltd., com. (quar.)„ 7% preferred (quar.) Donnacona Paper, Ltd. com. (s-a) „ J. 9-19 1 50c of N. 9-19 9-30 $1.06% HI class A Glens Falls Insurance Co. 9-19 9-29 $1 Department Stores, com. (quar.) — 4%% convertible preferred (quar.)— Federated Publications (irregular)-— Federation Bank & Trust Co. (N. Y.) (quar.) Feltman & Curme Shoe Stores, com. (quar.) 10-15 10- 1 — 3- 9-29 30C Extra 12-15 — 9-16 10- 60c Truck 12-23 9-29 12- 1 common. ^/' '^250• 10-23 ' A ,(quar.) tJ. $2%c 10, Dwie-Homes Stores, Incf (quatJP™".,™™_™: , ,15c 10-15. Dixon (Joseph) Crucible Co.__ilii_,r——r ; $1 : 9-30 Dodge Manufacturing Corp. (quar.)—:_™„ 15c 11-15 Dome Mines, Ltd — *25c 10-30 Dominguez Oil Fields (monthly) 15c 9-30 Dominion Dairies, Ltd.— 5% non-cum. preferred (quar.) *44c 10-15 Dominion Foundries & Steel, Ltd. (quar.)_ *35c 10- 1 Dominion Glass Co., Ltd., common (quar.). t25c 10-15 7% preferred (quar.) t35c 10-15 Dominion Malting Co., Ltd., com. (quar.)_ *25p 11- 1 Common (quar.) *2&c 2-2-48 5% preferred (quar.) $$1.25 11- 1 5% preferred (quar.)-,. $$1.25 2-2-48 Dominion Oilcloth & Linoleum Co., Ltd.— Quarterly ; : J40c 10-31 Dominion Tar & Chemical Co., Ltd.— Common (quar.) $25c 11- 1 2 9-17 93 %C 1 25C Co. 1 9-30 Refrigerator Co. (quar.) (A. O.) Co., $3.50 preferred (quar.)Gillette Safety Razor Co., common (quar.)_ $5 preferred (quar.) 11-15 10- 30c (irreg.) Shops, Inc. 9-17 10- BI'AC Gilbert 9-12 1 10* 9-23 1 10- 6c — Federated 10-1 Cup'Co., 9-30 250 (quar.) 1 10- Gibson 30c ' 10- 40c 10- 4%% 9-25 12- 9-13 55c Gerber Products Co.— 9-25 • ,!■ (quar.)_ 10- 12-31 1 > 9-30 9-10 )5C Gerrard 1 12 %C 9-10 9-19 25c Gibson 10- $2.50 ' 1 9-30 _I 3 10- 5c 1 10- 50c (quar.)™-. 9-19 $1 $1.25 *62 %c 10- 30c $1.06 % preferred 9- 10-25 40c Co Insurance 9-30 $2.50, clgss " 1 (quar.) Inc. Rubber Bake 10- 1 12-23 10- 6 20c 10- 1-25-48 25c $1.50 (quar.) $2.50 Park. Faultless 9-10 9-10 9-20 9-20 87%o 9-19 — Quarterly 9-15 9- 2 30c 15c 25c Devoe & Raynolds, class A (quar.) 9-19 1 $1 new com. (initial) Foods, 4% preferred (quar.) (irreg.) Falconbridge Nickel Mines, Ltd. (.irreg.)^___ Family Finance Corp., common (quar.) 4%% preferred A (quar.) Fanny Farmer Candy Shops (quar.) .™ Farmers & Traders Life Insurance Co. (Syra- 10- 1 *0- 1 10- 1 10- 1 10-1 10-20 9-30 10- 6 25c 10-10 $4 1-15-48 Extra 8 10- Common Class Detroit-Michigan Stove Co.— 6% preferred (quar.) Detroit Steel Products new com. 10- 50c Fairmont 25c , 75c Fafnlr Bearing Co. 80c (quar.)i. Edison Co.—*—— International Bridge 9-19 > 30c 20c ! (irreg.) Common 9-19 1 (quar.) Products 12Vic Derby Oil Co., common (irreg.) 9-30 10- 9-30 9-30 Georgia Hardwood Lumber (quar.) Georgia Power Co., $5 pfd. (quar.) $6 preferred (quar.) ; ; George Putnam Fund of Boston (quar.)„™ 9-25 9-15 20c 9-30 1 1 _• (quar.) preferred 65C $1.78 $1.78 40c (quar.) 1 1 11- II Rubber, 3'A% pfd. (quar.)™ Genesee Brewing Co., Class B (quar.) 9-22 1 10- 10- $1.75 (quar.) Printing First National Bank — — (quar.) common 25c quar.) 10- 10c Corp., common preferred 4%% 9-20 9-15 50o Corp. Textile Federal 9-30 9-30 10- 1 10- 1 1 $1 Johnson 4%% Holdert 1 11- $1 preferred General Tire & 9-30 $3.50 Equipment Federal 92 %c $1 10c 12%c preferred (quar.) — 4% preferred (quar.) Denman Tire & Rubber, common (quar.) 5% convertible preferred (quar.) Dentist's Supply Co. of N. Y. 10- 62 %C (s-a) & Eversharp, Inc., 5% preferred Delaware Power & Light— 3.70% 9-20 25c 9-15 10- 1 9-30 1 20c preferred (quar.) Fund, Inc Co., 5% preferred (quar.) — Essex Packers, Ltd., 5% 1st pref. (quar.)— European & North American Railway (s-a). Evans Products Co. (quar.)... — 1®"25 15c $5 10- 11- $1.37 Va 33A% Railroad Fifth elaware-New Jersey Ferry Sejay Stores (quar.)—_— 25c 4% Erie 9-19 9-5 9-20 9-20 9"22 9-15 10c 25c 87 %c $150c 5c 15c 25c 25c 5c (quar.) Dan River Mills, common 10-1 10- 1 10- 1 10-1 10_ 1 9-30 *25c preferred (quar.) Curtis Publishing* $4 prior pfd. 9-10 47 Payable of Rec. $1.50 (quar.) 4.40% preferred (Initial quar.)™ General Time Instruments, common 9-10 1 Equity ■ $1.12% 75o 25c $1.12% $1 *25c 4% % 1 Quarterly 10-21 100% Stock dividend preferred 9-19 10- 75c (quar.) General 10- — Derrick 6% When Share preferred Signal, common (quar.) Reinsurance Corp._ General Telephone Corp. (quar.) 9-17 9-19 $1.50 Storage Endicott ■ (quar.) A 7% Company $4 conv. preferred General Railway 9-20 1 1 $1.75 Co. Emsco 9-12 9-30 $1.50 Battery. 5% pfd. Oquar.) Realty Associates.; Einerson Drug Co., 8% preferred (quar.) Emerson Electric Mfg. Co., common 7% preferred (quar.)— Empire Trust Co. (N. Y.) (quar.) Emporium Capwell Co., common— 9-30 9-13 9-16 9-18 40c $1.25 conv. 9-10 1 10- 10- $2 Embassy 9-10 10- 75c (quar.)— Quarterly Elliott 1 9-30 15c — & Power Name of General Public Service, $6 $5.50 preferred (quar.) Inc.— preferred prior Electric 9-16 10-1 Co. (quar.) (quar.) Mfg. (Irreg.) & Light $6 pfd. (accum.) — $7 preferred (accum.) Electrical Products (Calif.) (quar.) Electrical Products Consolidated (Seattle)-— 9-10 Crum & Forster Securities Corp.— Class 6% Electric 9-10 9-30 40c t$5 pfd. (qua!*.)— preferred (quar.) (quar.) preferred Electric Ferries, 10- 60c common Manufacturing Auto-Lite 9-22 25c Corp Crucible Steel Co., 5% Crum & Forster, 8% 8% 10-^1 Gas, Controller Per Payable of Reo. $1.12% (quar.) Natural Electric ™ partic. Crown Elder 9-23 9-18 9-15 Co.— 1st pfd. (quar.) Crown Cork International Corp.— Class A (accum.)— Crown Life Insurance (Ontario) (quar.) $1 10-1 10-18 10- 1 Paso Electric no 40c 35c $1 $1.50 preferred A (quar.)™. International Corp (resumed) Crain ' „ 25c 20c tlOc dividend Coty El (1295) Holdert (Texas)— Co. preferred $4.50 9-15 Electric Cornell-Dublier Electric Paso When Share Name of Company . El 9-10 $1.62% pfd. (quar.) Cooper (Peter) Corp., 6%% CHRONICLE Per Holdert When Per Name Continental & FINANCIAL COMMERCIAL THE Number 4633 Volume 166 Extra - Co. (quar.) — (quar.) 25c 8c , .• . 50c .25c 9-30 9-20 10-31 10f,21 50c 9-30 9- 5 Canada, Ltd.— ?25c 10- 1 8-30 25c 10- 1 9-12 25o 10- 1 9-13 (># 48 THE COMMERCIAL (1296) . . Honeymead Products (quar.) Horn Hardart & iHorner Baking 9-12 9-30 10- 1 9-20 <9-30 9-20 9-29 9-18 Ltd. class A (quar.)_ Corp., 6% preferred (quar.)— 10- 9- 1 10- 2 4% $2.25 pfd. conv. Household (oaur.) Finance Houston ;5% Natural Houston Oil common Field Material Co., Howell,.Electric Motors 9-15 9-30 9-15 9-30 9-20 $1.3,7% 9-30 $2.50 10-15 50c 9-30 .10c 10-10 $$1.25 10-7 — (annual) Humphreys Mfg. Co., -common 0% preferred (quar.), Huron <& Erie Mortgage Corp. (Ontario)— -Quarterly Huttig Bash & Door, 5% pfd. (quar.)—. 6 % preferred (quar.) Huyler'js,-$2 partic.:lst preferred .(s-a) $1 convertible 2nd preferred (s-a) Co. $4.75 preferred Imperial 9-19 10-1 9-15 La, Plant-Choate 9-30 9-20 LaSalle 12-30 12-20 11- 1 10-15 11-1 10-15 Laclede Gas 9r30 9-13 Laclede 9-30 9-19 Lake Dufault St. 1 9-15 , 50c — 10- $1.18% 30c — (quar.) 1011- 1 10- 11- 1 7% ' 11-20 11- Independent Pneumatic Tool _(quar.)—, $1.03% — Common: (quar.) 414 % 5% preferred . 9-17 10- 9-12 9-30 9- —$$1.06% 9- - 1 9-15 Lerner; Stores, 20c 8-29 9-30 9-16 50c 9-19 Class 50c . 10- 1 9-15 50c 10-15 9-15 10-15 9-15 $37 %c $37 %c (quar.)— ; vInternational Paper Co.^ co.mmon (quar.) International Salt Co. (Irreg.) International Shoe Co. (quar.) 9- 9 9-19 1 10- $8%c 11- 1 10- 10- 1 of 10- 1 1 9^15 10- 1 9-11 1 9-13 15c 9-30 9-15 9-30 9-15 50c 10-15 9-25 10- 10- 10- Lord 10c 10-15 2c 9-30 9-15 ,9-30 9-15 10- $1.50 1 10- 1 $1.75 JJOc ,15c 10- 1 & ,4% 1 Heintz Public :lfl- 1 9-; 8 $1 10- 1 9-18 9-15 50c 10- 1 10- 1 .7% n% 5% .5% A .10-7 quar.) 10-1 :x25c C__ D 8-29 9-15 Co^; .5%: preferred (quar.) 3%% preferred (quar.) 10- Stephens & Shinkle Joliet & Chicago RR. Co.— 'Stamped common Shoe Journal Publishing Co. Quarterly Joyce, Inc. (quar.)„ pfd. of (quar.)^ I (quar.) Natural $1.25 10- 1 9-15 $1.75 10- 1 (cash div.)— 20c 10-1 9-15 10- $5 preferred '(quar.) Keith (George-E.) Co., $5 prior pfd. (quar.) $2 junior prior preferred (quar.)—— Kellcy Island Lime & Transportation (quar.) KellingHut Co., .6% preferred (quar.). Kellogg Switchboard & Supply Co.— Class B Forbes, & Co. Co., Tire ,& 7% preferred class A (quar.) — s9-li ;9-15 9-19 Market Basket, Inc., common $1 preferred A (quar.J 10- 1 9-19 Marlin-Rockwell Corp. "L 9-15 50c -10- 1 -9-15 9-30 9-22 15c 30c 9-30 9-15 10-31 Marsh <M.) 9-15 37'/aC 10- 1 9-15 -.< .•>•" , & Son, 6% preferred ' Maryland Drydock 4 % % 10- 25c *• «..5dc preferred >9-19 i 1 9-30 r ' f:9-30* > 1 10- 6 9-25 ■10- 1 9rl6 10- 1 9-16 10- 1 9-16 10- 6 10- 1 50c (liquidating) $2.85 1 • 5Qc 56'Ac corn, (quar.) 10- 7%c _- 9-26 9.-12 9-15 >9-19 9-29 9-19 15c 10-15^ 10- 3 20c 10- 1 9-11 56'Ac —— 10- 1 9-11 (quar.) 25c 9-30 9rl0 25c " $4.60 1 9-29 2%c" i pfd. (initial quar.) 9-30 9^10 9-30 9-10 10- 1 9-15 1 9-15 10- 10-15 9-30 $1.15 10- 1 9-12 17%c - 10- 1 9*20 (s-a) $1 Light $3.90 pfd. .(quar.)_^ 10-15 97%c 10- 9r30 . 1 9-15 $75c 10- 1 9-15 35c 10- 1 9-19 $1.22'/2 10- 1 9*19 t25c 10- 2 $12V2c 10r 1 9-15 $12%c ' 1-2-48 12-15 • 20c Co Knitting Co., Ltd., 9-25 10- 9-15 12 %c 10- 9-19 $15c 10- 9-. 2 tlOc 10- 9- t$l.-12% 10- 9-: 2 — (quar.) : Co.— ' ■ . Chemical Co.- $1.75 ' ; < , „10-15 62%c 10- 10- 1 -10- 1 , -87%o .< >•• ___* (quar.) ! -preferred 20c 10- •do- ; 5 9J5 9"- 10- 10- 15c 1 1 5, ,9- 5 , 1 9- 5 9.- 5 10- 1 10- 1 9J5 10- 1 J J»J9 10- 40c ' , 9- '10- 1 62%c • 9^15 1 10- ... ___J (quaf.) R.) 1 Dry Goods >(quar.) Morris (Philip) see Philip Morris , Morris'Pftper Mills, 4%% pfd. (quar.) 9-15 10-15 59 3/lOc ■ '! V preferred 9-15 *9-15 .10- I t$1.75 __'•' t25c (William 1 10-15 * 75 - ' 9-13 11 JO 1 10- * t40e $55%c: < 9.-13 12- 1 '/'• 130c ^ 1 9-20 . ■' - $1.62% .... 10- 1 25c > . Lines— 2 , Equipment, 5% pfd. (quar.)___ "Co., -common L_. !____ preferred (quar.) -. '' conv. 9rl5 "10-15 ' 62V2c (quar.) com. 9,20 10-1 50c pfd. preferred i J Moore . .* (9-30 10- ,25c 8>29 9--30 10-1 1 fl;25 1010- r 9-15 > 1 $17%c -<10-15 25c 10- 3 9-20 9-20 Pv20 9-20 10- 1 .40c 10- Co. 8% = Nashua Mfg. Co.-2nd pfd. <9-20 convertible 11*15 1 9e30 9-30 . 9-16 1010- 1 2 9-3p 9.-15 9-16 9'-15 10- 1 9-19 10- 1 9r22 9-30 41.50 • 9-12 12-26 13-18 (quar.)— 37 %c (quar.) 50c 10-15 9-30 10- 9JO 1 Inc.r— preferred (quar.) 37%c ,10- 1 9-16 Nation-Wide Securities Co., Inc. -(Md.j.u National-Battery: Co.______-.____— 20c "10- 1 9"-15 '40c 11- 1 National Biscuit 10-20 40c 10-15 National Bond Co., & common Share Corp, 1 9-13 9-15 $1 10-31 9-26 •National 10-1 9-26 (quar.) com." (quar.) National-Breweries. .7% Ltd, 15c (quar.) Register Co. ;5C 12-15 1 National (quar.) /___ $7-pfd. (quar,)__ City Lines, $4. pfd. A (quar.)_^ 10- 4 9-20 National Department Stores J$1.25 10- 1 9-15 National Electric 37%c 10- 1 9-15 $1.12% 10- 1 9-15 Common National 9 Corp. (quar.)__ • ' 10,-15 9o30 $50c • preferred Cash 9- 10- 1 9: 5 $44c National Casket Co1., 12- lljr.13 America— preferred ,9-30 ;$1.<06% ; of (quar.) : System "6% preferred 6% 3 10-15, 30c Mutual . 10- ;12- 3 _______ Ghemlcal 1C0. Mutual 9.-24 10-10. 75c ___ Mfg. $1.50 (quar.) 50c 9-12 & Development— Nathan Straus-Duparquet, 1 $1.25 . 9>30 9-11 10-1 10- •- 9-20 , 10-15 ,:20c Inc • 10-15 $20c . Corp., ^class B (irreg.) 35c ..Murphy (G. CJ Co. 434% pfd. (quar.)T___— $1.18% Murphy Paint Co., Ltd. (quar.)j;____Li;_____' ■ • f20c'■ f Murray Corp. Of America, 4% pfd. (quar.)_ 50c Murray-Ohio Mfg. CO.—1._ _______—_ ' 40c* •Muskegon Piston Ring .(irreg.)— ' .40c 9-9 < Brass 9f20 1 9-29 _________—___—lc quarterly Mullins ,9-15 1 10-1 - ' 10- 12- — ■ . 50c < . l___i Mueller - 9-19 10^2 - 10c 10-1,7 *$1.25 <:J10- 1 - Quailterly ^Reduced * '.;30c $1.75 *^22 I 9-30 Mountain States Telephone <& Telegraph— 9^25 10.-15 60c * >, 1; 10-1 $5 Extra——! 9-12 <9-30 ,f!0' ''' Finance; 59 3/10c -$1.75!pfd.~(quar.)—$1.25 Motor "Products Corp. MOunt Diablo Oil Mining * 9-26 > Consolidated,-Inc.— (quar.)-______! Motor : 8 ' 40c $1.06% . 9- Cafeterias r '9>26 .10-15 *$1.50 ^___ ' 10-15 • 50c $12.50 ' 1 ,10- ;1 ■ Morrison 7%'preferred >9v 8 ;!0rl5 20% • 9-10 1> 10- 13%c , ,-9vl0 <0-30 • 60c ' 20c (quar.) Co., common (quar.) 9-25 $2 _< common Moore-iMcCormack 9-19 ' • Co. (quar.) 6 , (irregular)__ preferred 9-10 9-10 10- > Auto $2.50 9-19 10- 1 50c * 9^30* 10-15 -,10- 1 1 50c B (quar.)__ (quar.) Moore IDrop Forging com. (quar.) 43A% conv. pfd. (quar.) 9-20 lO-15 - Corp.__'_ 9^20 1010- Midland ,-, & 4% .9- 5 * 10- 1 (quar.) Corp. 5% of 15c Mar-Tex Realization 10-15 25c Telegraph Co^ ( reduced quar.)__ Moore Corp;, Ltd., common (quar.)_____J_ "7% preferred A. (quar.) i 9.-12 9-15 7yc Montreal ; $1.25 ■ (quar.)_ Ltd., share Montreal Locomotive Works ; 1 4 15c S.) Co., Ltd. (quar.)_^___ Service Corp. com. (quar.) 7% , 10- 4.20% preferred (quar.), $1.05 Montgomery'Ward-& Co., com. (quar.)- '50c $7 diass A (quart)——___^ :^_____ * $1.75 .. - 4W5?.<,;i;9-15 - ;50c< (quar.)_ Marven's, 10- 1 9-19 • 9>-18 10-' 1 com.__ pfd. series A (s-a)__Montana-Dakota Utilities com. r;<9-30 •< 10- 2 60c '$3.25 I2%c«<--<JiO^<T't,;<--<'^9-'22 $7%c Field, 4'A% preferred Marshall-Wells Co., common 10- 7 37%c < $12%C Marshall Martin-Parry — tl7%c , * ; , 1 9-15 10-15 9-18 shares of Midland each Valley Water preferred (quar.)a $3.50 9- 2 $1.50 (quar.)___ Rubber rMonsanto • 9-30 10-1 r:. (quar.)_ Co., 7% preferred (quar.,)— Maritime Telegraph & Telephone, Ltd.— Common (quar.) * 1 1 .10-15 , $H06 - (quar.) -7% 9'-22 10-_ 1 10- 10c ; Petroleum- Extra Monroe 9i-30 $1.50 Calculating Machihe 1 1 < . 9-16 $1.25 $2 class A pfd. (quar.)_ Co. (.irregular)-, preferred 97 %c - Monogahela 9t16 10-20 10-15 (quar.) (increased) 10- 10- ,10-20 25c .37.%c Rubber— convertible -9-19 9-30 Reclaiming— 4'/2 %" preferred 10rl3 50c C.) "9-30 (quar.) preferred Monarch 9-15 31'Ac common 9-16 ^0- 1 (quar.)__^_^___ Molybdenum Corp. of America 1 11- 1 pfd. (quar.) preferred Co., (J. J 9-10 10-20 A Power Mohawk 9-10 9-12 2c (liquidating) Mojud Hosiery Co., 5% ,9-10 10- 10- 1 Monroe, Chemical quar.) 10- 10- 1 10- 1 10-15 37%c (quar.) 10- 25c 10- j 9-30 —_ common 25c $1.75 $1.25 25c 3.90% i Gas MohaWk 9-17 <$1.50 , par) $1.12% $1.25 (quar.)—. Kelsey-Hayes Wheel— convertible 1 , preferred $1.50 10- 10-1 9-12 ' 9-30 - Quarterly 9-24 1 , (quar.) Modern Containers, Ltd. (quar.)___< Modern Tool Works, Ltd. (quar.)_ 10-27 1 10: $1.-12% (quar.)___ Gas & Electric Service 4.90% 2 1 » $1.25 Katz Drug Co., $4.50 pfd. (quar.) Kaynee Company, common (quar.)_^ 1% preferred (quar.) Kearney (James R.) Corp. (increased quar.)- 5% 10-31 10- <10- ,11-1 $1.75 (Ky.), common (quarj .Marion Water > 16%% 10-16 30c __— Marchant 9-15 1 9t11 12%c .Manufacturers Trust Cp. (quar.) .Maracaibo Oil ,Exploration Marathon Corp., 5% preferred (quar.) '9-15 $1.50 Gas dividend 9-10 15c (initial quar.) H.) (R. $1.20 9-18 9-30 .9-30 (quar.) Mansfield ■ 9-17 t$l 10- c 25c ; ___». class Mitchell Mobile 9-13 <$2 1 1 9-30 , 5 10-15 10- ;35c 87% (25c Products Missouri 9-15 — 9- 10- 1 (quar.) 10- 5 dOc 9-20 9-15 9-20 9^11* $1.75 MahufaCturihg Co, Extra' Missouri 12-22 1 $2 1 9- 1 10- 9-20 _ "9-30 62 %c • Missouri Edison 9-20 <87.%c Maine 9-26 10- 6 10- 10c (quar.) 10- $17c . Stock & (initial (R. Mahon Ottawa, Ltd.— Kansas .Electric Power, 5% preferred (quar.) Kansas Gas & ^Electric, 7% pfd. (quar.) $6 preferred 9 .9-24 10- 6 <2-23- 1-2-48 500 50c Mississippi- Fewer, ..* 10rl5 ; 2-23 11-21 9-30 9-30 7% prior preferred (quar.)_______U: ! ' "$1.75 Milliron's (D. J.) (reduced) L 15c Minnesota Power & Light, 5% -pfd. (.quar.)_ -$1.25 Mississippi Gas & Electric Service (s-a) $1 Hr21 12-10 10-31 *9-30 outstanding Extra I 8 '11-15 } (quar.) Co. -for Steel Millers Falls ; ; 9-20 1 10c ^ . . (quar.) Miller-Wohl Co., Inc. com 4%% conv. pfd. (quar.)_ 9-18 10- 50c ' ; (quar,)_: preferred Conv. 9-13 1 $1.75 par) f 9-30* 1 9-30 3-10-48 37%c $1.50 5Qo — Kansas-Nebraska 10- 1 9-15 : - <■'• dividend of 1% Rubber 4%% 10-20 12-10 ' 50c 55c preferred (jjuar. Magnavox Company, stock dividend Magor Car Corp. (irreg.) .9-19 1 1 10- $2 & Mading Drug Stores, 10-18 10-; 1 = $2 ; (quar. ! Realization Midwest 9-10 < ' Lines '($25 < 30c Central RR., 6% prior pfd. ,(quar.)_ Maine-Public Service Co. (quar,) _i_, Maltine Co., 4JA% conv. pfd. (quar.)__ $1.75 10- <10-15 < -25c 37%c — ($100 (M.) 11- $1 $1.25 : — 10-1 37%c . (quar.)_^_ Mahoning Coal RR. Laughlin Steel, common preferred ,A (quar.) 6% 1 11- 25c & Joplin (Water Works, 0-15 11-1 A Extra • 9-15 10- 93%c Johns-ManvilleGo., 3V2% pfd. (quar.)—87'Ac Johnson 1 9-30 .31,'Ac t ,11-1 (.Walter M.) •Class B Macy ,50c I : (quar.) preferred Class ,. $.1.50 10-21 -9-15 9-30 $1=75 Telephone— (quar.) ; i preferred Miller Publications^ common_^.___ participating preferred——. MacMillan (H.,R.), Export Co,„ Ltd.— 8-29 ,9-30 . 11-1 1 25c ; 2% (non-cum. Midland Utilities Co. Midvale Company 9r23 1 $1.75 ,$1,50 B-29 10-1 , Jewel Tea Co., Jones 1 8% 9-23* 12%c Macfadden .8429 $1.25 , &% 1st preferred .(quar.)— Jefferson Electric Co ,Jessop*;Steel 10- 1 6% $-29 , xiy4% , _ <10- xl%% _ 12-31 10- 10-1 (monthly) preferred (quar.) Ludwig Baumann & Co. .(see Baumann (Ludwig) & Co. Lux Clock Mfg. Co.^_-___-_ Lynn Gas & Electric Co. (quar.)___ Mabbett 10.) & Sons 7% 2nd pfd. (quar.)__ 9-2! 1 10^- 1 ,xl%% Jamaica- Water-Supply, $5 pfd. ,(quar.). Jamestown Telephone Co.— . 10- x$1.75 ;9r30 25c 1 10- (quar.) preferred Midland 10^-20 t Transit MacAndrews (quar.) 1 10-31 9-22 <10- Co Realization 5%% 9-27 J50c B_— 11- 10-1 Associated Utilities 1 9^17 9-22 25C (quar.) preferred stock 9--20 10- 9-17 - 1 5c 1 i Midland 9-16 10-15 1 1 •15c Co Copper' *$2.40 A 10- 10- Co.— Michigan Bumper 'Corp.- (increased) Mickelberry's Food Products,-eom. (quar.)__ ' 3 50c Sons, 4'A% pfd. Co., Ltd.— Increased quarterly Lucky (Stores, Inc. com. (quar.) Industries— (accum.) Service, Ltd.— preference preference preference preference 1 ;(quar.) Co., common B Lowenstein 9-18 ;79c (final) Common r (increased 1 10- :6% 9-20 10'- 1 -101 35c , t Michaels Brothers _'i ^9-26 $1,10 3-10-48 common preferred preferred Lowney 9-18 $1.50 Precision (P.) Angeles 5% 11-10 _, preferred 10- 10- t25c 1-31-48 Hotel— MOc 1 10-15 Co.— preferred Michigan 10-15 , 8 , preferred 5% JtalOrArgentine .Electric. Co.— Jamaica ,10- $25c j <• 9---10 - - $1.10 (quar.), Taylor, Common 9-15 .12- ;$6,preferred .(quar.)—„ Jack 1 10-15 $1.75 Louisiana Power & Light, $6 pfd. (quar.)„_ Louisville Gas & Electric Co. (Del.)— Common A (quar.) ,:9-15 $L62ya Irving (Trust Co. (N..Y.) (quar.) Island Greek Goal, common (increased)— shares 1 11- (quar.) Louisville Gas & Electri" Co. _ .tAmerican 10- ; <9-10 >10- $1.25 (quar.) Food '•Extra v.9-24 - $1 Disintegrating Co., Inc.— Miami 9-10 1 20% (guar.) Angeles Investment— Los 9-30 ,,$1 & 7% 9J5 — Inc. Lorillard 9-15 10-15 t ■* 1 37%c — Baltimore Lord 9-16 1 1 175c — 1 10- (qufir.)__ Chain ,2nd ((preferred Los Investors (Royalty, common .(s-a) 48% preferred, (s-a)—_— Iowa Electric Light & Power Go.— :6 % preferred C (accum.) ;6%% preferred B (accum.)— ,7% preferred A (accumJ Iron Fireman Manufacturing ,Co.~ .(guar,)— 10- 37%c Loew's (Marcus) Theatre, Ltd, Jquar.) Lone Star Cement Corp, (quar.) Longines-Wittnauer ;Watgh Co., com. (quar.) $1.20 conv. preferred (quar,)_ 9-15* 10- 25c preference (quar.) Investors,Management Fund, Inc.— Extra, j. 5 $1.50 convertible —, 9- $1.20 . America shares 9-30 $1.25 •. »9-19 ;2&c preferred Steel Extr?i Locw's, 5 43 %c (quar.) Investment; Foundation, Jjtd.— Investment 9- 6Cc _ Co. 9-30 75c —■--- 8% Locke 9-15 75c —__ ,10-1 62 %c _ Pi^e Co., common preferred (quar.) 8% 2 $1.50 $1 _ 9-20 ;96%c pfd. ,(quar.) (Ind.)— Joint Co. Metropolitan Edison Co.; <12-22 ;J0- —— Special guaranteed Original capital Original capital 2 _ 1 12-31 50c —— . 9-19 9-30 $$1.75 ——_— ' 1 9-30 11- — International Silver Co. 7% pfd. (quar.) Interstate Bakeries, 4.8% pfd. (quar.) Interstate Company, common— 5% prior preferred (quar.) Interstate -Department Btoies (quar,)— Interstate Telephone Co„,$6 pfd. (quar.)™ , 9 Lock (quar.)— preferred 6% 9- 1 Nickel Co. of .Canada, Ltd.— 7% ,10- 9-30 $1.06 »A Products Thermit Corp. 4 % % ' 9-18 10-10 (quar.)^ i j, -preferred Metals - 12- 4 • He new common (initial quar.)-,-. Lipe-Rpllway Corp., $1 conv* pfd. (quar Lipton (Thos. J.), Inc., 6% pfd. (quar.)— ..Little Miami RR.-f'Special guaranteed (quar.) 9-19 10- $1 12-11' ,25c — & 9-30 $3 Quarterly Lion Qil Co., 9-15 9-18 >9-30 (incrd.)I Glass Metal ?9-30 25c 7% 9_i9# - 10-10 (accum.)_ Machine 7% 10-15 =10-15 30c — — A Quarterly Metal 9-10 50c $1.12% 9-19 10- 40c 1 5 50c ,175c (quar.) 10- 1 "\ — (quar.) : ! preferred (quar.)—; ,10- 11- 25c 9-15 Chemical Corp.— .Common 11-15 t Mesta Casualty Insurance Co, of Tennessee— Stock dividend 10-1 1%% Merck-& Co., common (quar.)__<_^^__^_^ 3%% preferred '(qpar.)— Meredith Publishing Co, (quar.) 9-17 $1.25 (quar.)_. 1 9-30 1. 9-30 -9-30 87c Merchants ii Miners Transportation Co.— • 9-19 Lincoln National Life Insurance Co. 10- 1 10-15 _ preferred (quar.)—*—— 1 7% preferred ($5 par) (quar.) International Ocean Telegraph (quar.)— 1 — 10- 1 25c 1 ' 8-22 \, 1 J25c ;(accum.)— pfd. (quar.) preferred Life & 1 10- ,25c (quar.)— Liggett & Myers Tobacco, r 25c (quar.)——$1 Industries, Ltd.— Common A (quar.)—_— $40c 4 % % preferred (quar.) $$1.12 Ya International B 1010- — preferred (quar.) :9-30 30c ________—. 9-22 Brothers, Ltd. (quar.) ■Quarterly * Liberty Loan Corp., class A (quar.) 10-1 Metal International Minerals & 4'/2% $75c 2%c —-— International Investment 9-18 9-30 International Harvester Co. $4 , common 10-20 35c < 7% 'preferred .(quar.) ; Merchants Bank of New York -Extra _L_" : 9-19 . class common i : Mengel Company Mercahti^ Stores 9-30 10-15 Lewis ; Internationa) Cellucotton,Products 11--20 ; Leich (Charles) & Co. 7% Lepox Water Co. (quar.) 9-20 m $1 (quar.) & Extra 50c 9-19 30c 1 • ' 10-15 5c Corp. 1 10- •11-29 62 %c - 3.85% pfd. (quar.) prior pfd. (quar.)— 10- _ ■4% 9-26 1 2 preferred Megowen-Educator . >9-15 11- 10- > < -9-16 & (quar.) 10- 9-18 10-1 11-30 Ltd.-—. Co., common preferred (quar.) convertible 4'A% 10- 1 10-2 , & Sons Co,, 10- <.9-15 43 %C (quar.) (quar.)__. Mead Johnson 9i-15 ? 10-1 ;5c 17c -— $10c 50c 9-30 50c —— (quar.) common ;9'-15 1 1 1% % preferred 5% _ —^ 1 1010.- 10c $1.50 preferred B McQuay-Norris Mfg. Co., 10-15 ' 9-30 — ,$12%c _ — _ Co., preferred Lehman 11- ;1 62 %c pfd. Co., Qil 9^30 ' y McKinney Manufacturing 9,-15 10-10 (interim) — 7% $4 - . conv. 10- 12 %C 1 McKee (Arthur G.) & Co., class B McKesison & Bobbins, Inc.— - - 12-22 50c Lefcourt Realty Corp., 9-f 5 9-30 t$l*25 v Co,, Ltd.— (quar.)__ Lees (James) 5 , (quar.)_. & Extra 5 9-30 Shares; Ltd.— .JBank Group Shares, class A Inter-City Baking C.o., Ltd. (quar.) luter-Ocean Securities Cprp., 4 % pfd.: (s-a) Interlake Steamship Co. (irreg.) International Bronze Powders, Ltd., com— 6% participating preferred (quar.)—— International Button-Hole Sewing Machine .. Leath $2.50 — Institutional Extra 1 ,137%c _ (quar.) rlhdustrial Bank pf Commerce Xguar.)__ Ingersoll Machine & Tool Co., Ltd.. (quar„)__ Ipglis (.John) Got,. Ltd. (.interim)—-—— Inland Investors (interim) >Co. 2 10-15 10-1 $1.25 (quar.) (quar.) preferred convertible 10- 37%c =$1 — ———— 12-29 ,10-1 t25c (quar.) 8 10c (initial) (quar.) preferred McClatchy'.Newspaper, Class 9-22 20c Electric Steel Co. (quar.) Lawyers Title Insurance, 6% preferred (s-tR) Lawyers Trust Co. (N. Y.) (quar.) Le Roi Company (irreg.) 4 - 15c (quar.; Co. ,convertible McColl-Frontenac 9-20 <9-29 7%c (quar.) $2 class A (quar.) , ,, pfd. (quar.) (quarO Paper 8 '9- 10-18 Co., class -A_ Manufacturing Co.,! com 4% preferred (quar.) _; ; McCord Corp., $2.50 pfd. (quar. McCrory Stores Corp., common (quar.) ; $3.50 convertible preferred (quar.) McFadden Stores, Inc., class A ,9-20 1, <10- ' $1.50 $1.75 Latrobe 9- 1. 10- 10- 1 $1 (John A.) B < 9-23 ;40c & Sessions Co.— Class 9-30 $$1.50 Langley's Ltd.,' 1% - ,4% preferred (quar.)_ Indianapolis Water, 5%,preferred A Industrial,Acceptance Coip., .Ltd.— • 9-25 ' • <9-30 $1.12% .$1.21% & Sons,. Ltd. (quar.) Langendorf United Bakeries, Inc.— 8-12 9-30 11-1 15c , & 9- 9-30 20c & - 9-15 $3c Ltd. .(interim)—.——: Mines, Landis, Machine 9-16 _ Indiana ■ 10-31 10- I , 10-1 t25c John rPower 9-30 . — —— Co.* 5% Holdert Payable of Rec. $1.75 preferred ' (quar,) Factor When Share 37%c McBee. Company, common (quar.1-) 6% 1st preferred l quar.) V. 25c f conv. 7 % McAleer 9-12 r , . Light Co— preferred $2.50 8-12 3% 25c 40o — & Michigan Electric— <4%% preferred (quar,).._, -Indianapolis Power & Light— Common? (increased quar.)— 9-24 ; Lambert Z* 9-30 (JchrJ, Lamson 3* tlOc —. .-,9-12 :9-30 — — Mfg. Co University Ltd. (quar.) Lamaque Gold Mines, Ltd. Lang Imperial Tobacco Co. of Canada, Ltd.— •Ordinary (interim) __——— 9rl2 Quarterly 7 11- 1,5c ——— 6% preference (s-a)_ Incorporated Investors 10- 1 10-1 $1 (quar.) Extension Extra 10-) 7 1.1-20 2nd Labatt 9-16 1 15c — __—— >9-24 8-29 . preferred La France Industries, 4% ■ Extra 10- 1 10-1 35c (quar.) (quar.) Steel . 40c —. Co. 9-30 -50c 62%c Paper; & Zinc Kroger Company 6% ilst preferred -;9-19 — Color; Ccrp Illinois 'Power Co. com. (quar.) .5% conv.; pfd. (quar.) Illinois 9-25 9-15 9-30 ——:— (quar.) <9-30 $1.50 Kroehler Mfg. Co., 4V2 % preferred A (quar.) 4%% preferred A (quar.) Lake (quar.) Illinois >Bell Telephone (resumed) •Illinois; Commercial Telephone— , 8 9-19 $$1 $1.25 $1.28 $1 50c — Ideal Cement 10-28 * Koppers Company, common 4% preferred (quar.) 9-20 10- 20c $1.50 - . I3c Knapp-Monarch Co., (quar.) Co. Humberstone Shoe Co., Ltd. 9-17 ,9-17 Kirkland Lake Gold Mining Co., Ltd. (irreg.) common 5%% preferred (quar.)—— :Howe Scale, 5% preferred (S-a)_ Howe Sound Co. (quar.)— v 9-30 12 %c (quar.) (quar.)———— preferred 9-30 50c 62%c (quar.)Gas, 9-30 9-30 10c 9-30 9-20 1 • Max $112% 10-15 .» 9-20 f?9~30 " 2nd 10-15 10- i Name of Company Mathieson Alkali Works__„ ,!8-29 50c 93%c (increased)- com. 1 9-30 75c convertible Per ■' 9-17 <50q (quar.) preferred (quar.), 4%% preferred Uquar.) Kingsbury Breweries Co.-(quar.) King-Seeley Corp.— 5% .convertible preferred (quar.) 56 %c 50c —_ corp., 3%% preferred 1 10- 25c Kerr-Addison, Ltd- (interim) ; Keyes Fibre. 6% prior preferred (quar.)— Klmbetly-Clark Corp., common (quar.)—^ Houdaille-iHershey Corp.— . 35c - ;Speclal Kerite (Company .Special 9-20 1 10- Monday, September 29, Holdert Payable of Rec. $1.12% iK6nnecott iCopper CO, (quar.) 9-23 When Share (The) <Co., 4'/2% preferred (quar.) Kendall Refining Co. (increased)__i_ 9-12 10- 1 50c (quar.) Kendall 2 $ljl2% $2 t!2%c $1.50 -(Prank) Hotel Gibson 10- 1 , *„ (N. J.) 9- <9-30 36c $1 *50o 12c Hoover Ball & Bearing (quar.) Hoover Company, 4%% .preferred .(guar.)___ Name of Company Payable of Rec. Share Hollinger Consolidated Gold Mines, Ltd Hollingsworth & Whitney $4 pfd. .(quar.)— Holmes (D. H.) Co., Ltd CHRONICLE . Per ' Name of Company <? FINANCIAL Holdert When Per & 10- 1' 9- 5 50c 10-15 9-30 $1.75 9-30 9-15 $1 10- 1 9--20 25c 10-15 10- 20 10-30 :$-2o $1 9-30 9-15 2 Welding Machine— (quar.) Enameling & Stamping (irreg.) Volume 166 -Number 4633* 4 > Share • - • , pref. (quar J 9-30 ■" 1 9-13 * 10- 1 9-13 t J15C (quarT)""—""" ' *""" ' " 10- 1 $1.12ya ; Year 7 "" end , Refining;.,.., mriwX:::::::: 25C Telephone & TelegraphHampshire Fire Insurance (quar.) & Watch 1010- 1 25c quar. State Electric- & 9-22 $1 Trust Common(J J Newport 5% 1 9-10 $1 10- 1 pfd."(quarjl 1st preferred (accum.j__!_! Wire Weaving Co., Ltd. Nicholson File Co. 8pecial (quar.) Chemical North' American New North Judd for Gas North Star Oil. Northern ' 4% Old ' 9-11 9-11 10- 1 9-20 preferred $1 (quar.)I Corp., 10- 1 10- 1 10- 1 t25c 10- 1 $1,10 $1.12% 10- -Participating Ontario . conv. & 10- 1 1 9-10 10- 1 9-21 10- 1 9-21 ' 97%c 10- 1 '~" 30c 10-1 10-15 9-30 $5 10- 1 10- 1 9-19 $1 9-30 9-30 9-16 .—_Z77' 25c 9-30 $2 (quar F_ 1 $25c Gas common Electric Pacific Public Service Pacific Telephone & /preferred Peninsular Common " *$1 - $1 preferred Penney" (J.' C.)' (guar.) (quar")""-" Z_Z_~~ • (quar.) (quar,) 10- 1 10- . 1 10-29 10- 9- 10- 1 50c ' 37%c (irreg ) Co., com.""(quar V"~" __ — 1 _________ Co._______J__"__l_/_/_f~~iJ 9 1 29" 50c preferred (quar.) Corp." (quar.)i»_ Reed Drug Co., .class A Class Reed B Roller Bit Brothers Knitting Reliable Fire Reliance Life 10- 9-12 1 Reliable Stores Reliance Electric & $2.10 convertible 9-24 10- 1 9-25 9-19 9-30 9-15 Reliance 3V2% Mfg. Corp. Co. Remington Rand, $4.50 Renfrew • ; ■ preferred 10- 1 9-12 10- 1 . 1 5% 1 Co. 10- 9-30 10-15, 8-29 10-15 10- 10- 76C "50c, Selected 10- (quar.) 3Cc Sharon 8-29 Sharon 9-18 1 10-15 11- 1 10-15 10- 5 10- I 10-15 10- 1" 9-12 1 9-10 1 General, 1 9-30 9-18 ■ \ • - 10- 1 9-15 10- 1 9-20 9- 5 10-15 9-30 10- 9-12 $1.25 9-15 1 8-30 10- 9 9-18 10- 1 9-12 ____ $1.75 10- 1 9-12 20c 10- 1 9-15 8%c (quar.) 10- 1 9-13 7%c 10- 1 9-13 9-30 9-15 25c (quar.) (quar.) 10- 1 9- T25c (quar.)______ 10- 1 9-15 li- 3* $40C 12- 1 35C 10- 1 9-25 9-30 9-25 75c — 40c 9-12 11-14 1010- 9-19 10- 9-19 "- Oil & 10- 1 i 9-24 9-12 1 X' (quar.)__ 15c 9-30 ——- 62 %c 9-30 $1.50 9-30 9-16; $1.75 9-30 9-16 $1.13 JK 9-22 9-22 B , B \30c 30c ■ , 1. 10- 9-15 9-13 / . 1 9-18 10-1 $1" 50c 9-20r 9-30 10- "XO- 1 9-23 9-13 9-30 $50C; (quar.) 10- 2 9- 2 15c 10- 1 25c 10- 1 9-15 59 %c 9-30 9-15 31 %C — common_!_!_ 10-1 9-24 9-20 $20c 11- 1 '— (quar.),— (interim)— $$1.75 10- 1 10-10 1 9-10 35c 9-30 $20c 9-30 8-29- 9-29 9-19 5c 9-19v $15c 10- $10c !—____— Dairies, (quar.) 10- 1 9-15 10- 1 9-15 1 9-15 Ltd.— ,_!. $$1.25 15c 10-2 9-23 13%c 10-15 9-30 25c .!___. (quar.), 11-15 10-15 Pattern Co.— 5%%, convertible preferred Corp. (quar.) (quar.)— ' . Skenandoa Rayon, 5% prior (quar.) preferred A (quar.) 1—_— & Zook (quar.) —_!_!— (A. O.) Corp.—,! (L. C.) & Corona Typewriters——— (Howard) Paper Mills, Ltd.— — $1.25 10- $1.25 10- $1 9- 9-15 9-15 9- 9 25c 11- 10- B 50c 10- 9-15 Common $25c 10-30 4% $50c 10-20 9-30 10c 9-30 9-10 15c 10-10 9-27 (quar.) preferred (quar.)—, Tool & Engineering (irreg.) Society Brand Clothes, Inc. (quar.)———— Sonotone Corporation com. $1.25 conv. pfd. series A (quar.) Snyder — Sorg Paper Co., South American South Carolina 5 % preferred 5%% Gold pfd. & Electric (quar.) Platinum & 5c 31 %c 9-30 9-30 9- 2 9-30 9- 2 $1.38 Co.—— 10- 1 9-15 10c 10- 2 9-18 Gas* Co.— (quar.) 62 %c ! 9-30 9-19 11- 1 10-17 25c 9-30 $1.12% 10-15 $1 9-30 9-16 $1 52%C South South (quar.) 9-30 9-16 Penn Oil Co. (quar.) Pittsburgh Water, 4%% pfd. (quar.) South Porto Rico Sugar, common (quar.) — — (quar.) 87 %C (initial). 1 (quar.)__ (quar.) 10- 1 9- 2 25c 10- 1 9- 9 South West $1.12% com. 10- 1 9- 9 Southeastern 10- 1 9-10 J15c 62 %C common—. .' 9-30 9-10 15c 11-1 10-15 8 % Southeastern Investment $5 $2 preferred ■ (quar.) Pennsylvania Pipe Lines Greyhound 1st Southern preferred Advance Lines (irreg.) (quar.)_—_ Trust, Inc. Atlantic Telegraph Co. 10-15 Southern 12 %C 12-20 12-10 11-15 10- 1 9-15 12- 1 11-J.T $1.25 10- (-s-a) 1 9-15 9-30 9-12 9-30 62 %C r-4 O $1.75 10- 9-12 •-» 9-15 1 9-20 Southern Bleachery & 68 %C 9-16 50c 40c 55c (quar.) —— 1 1 20c —- & Paper 9-30 9-16 10- (Ky.)— (accum.) Bag Extra 15c 11- 7% & ■' Canada, Ltd.— Western Oil ' ' —w Simplex Paper Corp. Simplicity 9-20 , _ (quar.) preferred 9-13. ; 9-15 ' (quar.)—1—!_— Corp., 1 9-30 ' 10c " Association 9-15 9-16 < . 9-30 - $1.25 (quar.)__: ' 9-15 1 10- 25c /• 25c .(initial). Products 10- ,10- 1" $1.12% ——__! Gas 10- 1 , $1.25 $1.37% . Silverwood Smith : 10- Railway Co. ——!— Steel Corp.-— _— W'ater & Power— preferred Smith 9-20 35c 37%c. Optical Co.. (quar.)_ Breweries, Ltd. (quar.) Sick's Seattle Brewing & Malting Co. (quar.) Silverwood Dairies, Ltd., class A (quar.)— Sloan 9-10 10-10 • Sick's 5% 10-17* 10- ———-— Shawmut 7% 1 1 12- 15c Shuron 9-12 11- 11- 10- , Common 9-20 10-10 11-29 9-20 91 %C pfd. (quar.)— .____!!: $6 (quar.)___ Shefwifi Williams Co. of 9-20 1 83 %C preferred .(quar.) Sheraton Corp. of America— $1.25 convertible preferred (quar.) 10- 1 10- 50c 4%% 1-1-48 9-10 / 1 25c Corp., com. A (quar.)—. Corp. T 1011- $10c ' (quar.) preferred- A Smith ' 10-1 50c $20c 10- 9-12 50c ; 10-10 9-30 10- C 9-15 Mo- 4 9-20. 10-10 ! Shellmar $1.18% 9-10 ' 37%c Co., common (quar.)^—_ (quar.)—________—_ 8-29 1 12-13 9-15 1 9-30 7 $1.25 (quar.)_ com. 9-12 • 5% :____! 10- .'"Vic:, (quar.) 9-30 10- > 1 1 .25c! :10-15 .. — Industries, Extra 1 8-29 60c 12-20 10- 9-12 $1.12% preferred $5.50 pfd. (quar.)—— Servel, Inc.; $4.50 preferred (quar.) Services, Inc. (initial)^——— Shaffer, Stores Co., common——_!! 5'% preferred (quar.)—! 9-30 1 5 9v 10- '40c .. Rubber Co.— 4%% prior preferred (quar.)— 5% class ,A preferred (quar.)— ; • 9-15; 1 1 9-22' 9-15* $1.10 ——_— 3.35% B preferred 9-30 10- 9-22. 1 9-30 tfi-o.T. (quar.)—— SeiberlUig ■' ; ii-i5 10- 9-22 10-15 50c,' - Commercial $7 preferred 1 ■ (quar.) ; $$3 50c —_ (quar.) Finance preferred Sinclair (quar.) Republic Investors Fund— 6% preferred A (quar.) 6% preferred B (quar.)__—_—_______ preferred 7 _ Electric, Securities ,10- 1 Engineering— Republic Petroleum Co., 9-30/ /. — preferred Seaboard 9-19 -. 9-15 5% % $1 9-12 10- 50C 9-22 Motors, Inc. 9-30,: 1 $1.50 preferred A 10- 4 50c 12-15 9-10 5 93 %c 1 9-30 — 50 .' 10- 2-5-381 11- 87 %c : A 1 11- ———i.—_>———_ $4.50 Series A preferred 4% (quar.)___ Textiles, Ltd. class 11- ——— 9-19* 10- 9-15! 10-15 (quar.)___ 10-15 10- 9-237 1 10- $40c — common (quar.) ShaWinigan (quar.) ,10- 1 $25C ' Scudder, Stevens & Clark Fund— New common (initial)—,— 75c 1-1-48 2-15-48 Co. Scruggs-Vandervoort-Barney, 9-20 $1.50 Reo b; _____—_ Works, Seaboard $1.25 9-18/ 9-iS^ , 9-17 $2 (quar.) 10- 10! $1.25 Co.— ■. 9-15 25c 1 11- —_—^—_ & Pacific 10- 1 30c pfd. new / 1 • $1.75 __: (quar.)— (quar I Inc., 25c 9-16 Ltd.— 10-15 10- 9-10" 10- /.."$i 10- 50C 9-10 9-30 " Shamrock (quar.)___ * (Illinois) $$1.75 9-20 ' 50q 9-10, 9-30 • 9-12 - 10- 11-15 ; Manufacturing Class convertible preferred 1 1 1 $3 preferred 1010- 115c Stockyards-——,— Shaler Company,, class preferred 9-15 9-10' $1.12% 1 $1.25 Insurance 10-1 9-24 $$1.75 " ; Insurance 9-30 1 10- 25c 9-29 1 non-cum. 10- 110- $1 r. 9-30 *1.60 9-10 25c Scranton 10- v 1 9-19 . 9-15 ! 10- 10-15 /•"• Co:— 10- ' — Water Jose v 30c* $3.65 30c (quar.) Mills, Ltd. 9-10 Scovill . Co Reeves 9-15 1 9-19 30c (quar.) 1 10-1 9-15 10- 35c (quar.)__ prior preferred A 9-15 1 10- 9-25 i 1 ,10- \ T_ 7% Regent " 25c 5% 9-15 1 1 30- $1.16% i__ • 1 10- 4%%, • —___ preferred 10-15 10- 9-29 250 preferred 9-30 10-15 60c convertible 10- Schuster (stock; dividend)— stock for each 3%% 9-15 15c (quar.) com, Schulte Real - : - &" Gas preferred Reece - 9-18 9-18 Y.)— common.____-__.____; 9-15 10- 1 50c (N. (quar.)___"___: 9-18 $1 50c Co. (quar.) 9-29 2%c 15c , 6 Mills, Ltd., (accum.) National Class', B 9-25 $1 4% 2nd preferred (quar.)__ Real Silk Hosiery Mills— 9-15 10-15 20C ~ 65c $1.50 $1 __ ,r 2ftc 10- $2.40 4%% 3 9-3 '10-! 1 5c' : Co. 1 10-15 preferred- I,/' 3"' $1.25 (accum.)—— 9-30 Inc., 10- $1.12% pfd. A (quar.) 50c Purina 20c — 9-15 ' 1 convertible 10- _ New Jersey— Reading Company—, 2 10-15 $35c _ (reduced) : 9- 9-23 $1.25 preferred (quarF" preferred (qunr.) Telephone (quar.) preferred 1 9-23 •, Telegraph Transportation 10-15 10- Inc., Raytheon Manufacturing Co.— 10-15 11-15 ' 9-30 "~ • (quar.) Chemical, 5% 11-15 50c (quar.TZ (quar.) _Z Panhandle Eastern Pipe Line Co.— 4% preferred (quar.i_____ Parmelee 9-15 9-30 )~ Page-Hersey Tubes; Ltd. Peck Stow & Wilcox Peerless Cement Cjrp. 1 • 9- 5 1 10- , 9-20 9-30 }3c (quar.) pfd. 10-15 $1.25 ____— 1st 50c " $1.25 Sanger : Brothers, Inc. (quar.) !___— /San-Nap Pak Mfg., 70c pfd. (quar.)——_ Savannah & Atlanta Railway Co.— 5% preferred (qUar.)_—_____——— Savannah Sugar Refining Corp. (quar.)— Scarfe Co., Ltd.; class A 9-30 9-30 , 1 io-: i $l%c $2' Pulp & Timber, common.,™,. conv. Rayonier, $2 10- Corp., of America— Ralston 9-20 9-20 15c (quar.) Pantex Mfg. 6% prefwred Parafffne Companies, 4% 37V2C 2 2 $1.50 Co.'(quar Co.. (quar.) Pacific Lighting Corp., $5 pfd, Park 50c FquarT (quar ) (quar.)____!. Pacific ^Indemnity .6% $15c Cb: (irreg.)__ & $$1 / $$1.25 Pacific American Investors $1.50 pref. $6* preferred 10- 10-20 45c — Radio-Keith-Orpheum , 10- $$1.75 " J 10- t25c $$1.25 ' preferred Extra •9-15 10-20 . 56 %c pfd.. (quar.) preferred .1 $3.50 9-19 9-20 . 10-3' $75c (quar.) 9-20* 10- 10-15 (quar./—!—— preferred Semiannual 9-16 ;io- i, 5c. helfl. ____ 1 11-1 50c " 1 $i common 10- * 9-20 / tlOc 15c (monthly)- , $62%o $$1.50 Ltd. (quar.__^— pfd. (quar.) 9-12 $1.12%' pfd. conv. 8angamo Electric 9-19 10-1 • (quar.) — Electric I 75c pfd. Semi-annually 9-19 1 2 tlOC j pfd~. 7quar.)7777 10- 10- 10^ A Regis Paper— San • » 9-22 10- Estate Co.,. $6 pfd. (resumed) '4 $1-35 (Ed.) & Co., Common———— 25c preferred (quar.) :!. $1.06%* Scott Paper Co.,* $3.40 Rfd. (quar.)—_ 85c (quar.) Oil Radio 1 10- 75c Quaker Oats Co.; common (irreg.) 6% preferred (quar.) Quiney Market Cold Storage & Warehouse— 9-16 $1.50 ' (quar.) preferred (quar.) ~ Pacific 9-22 9-10 9-29 ,'$1. Co., 5% convr. preferred Pyle-National Co. com. 8% preferred (quar.) 9-19 9-30 Pure 1 75c conv. 6% 9-19 9-30 30c ' 1777717777 Debenture Foundry 5 1 20c - Common & 9- 9-30 10- 10-30 6% 9-10 10c (quar.) 10- ■ 10- tquar.j!^ (auar.) Lawrence Paper Mills, St. " (quar.) Puget Sound 8 55c __ Pacific Car 9- 40c Steel Otis Elevator; 9-15 7 Colorado— of 9-11 /* $50o 4.40% 1st preferred series A (quar.)*——-./ Saguenay Power Co., Ltd., 4%% pfd. (quar.) Saa Flancisco Remedial Loan Associates, 9-29 20c — share share 10- 10-21 83 %C preferred Extra $1.25 Co. 1 50c ___—« St. Louis Rocky Mountain • 9-10 15c $5 preferred .(quar.)/, Publicker Industries, com l/40th 9-15 10-1. ,10-21 6o pfd. (initial) Trust 10- $50c com—— Lawrence Flour 6% 9-15 1 50C Service 7% 9-10 10- 40c $1.25 Products, Ltd. com ~ 7% preferred (quar.) Ottawa Electric Railway Co~. [quaiT" Ottawa Light Heat' & Power, Ltd — -5% 9-12 10c (guar.) Public class 7% 9-19 .10^ • 12 %c ___ 4% " 15c i— com. preferred (monthly) Service Co, of Oklahoma— preferred ;(quar.). Public 9-11 V. 9-10 ' \ tioc Ontario Loan 8-28 •' ' 9-30 1 10-1 $1 Co. preferred 0% St. 1 10- 50c 1st pfd. preferred Common 4% 9-20 10- 10c (interim) Service Corp.. of 6% 2 6 15c (quar.) Apartments, Gas preferred 9-18 1 10- 50c Ltd. Ltd. St. Joseph Light & Power, 5% St. Lawrence Corp., Ltd.— 9-15 Ry.— preferred 9-13; ,10- 10- 60c 9-16 preferred (quar.)—!———— ; $1.25 Dry Dock & Shipbuilding Co., Ltd.— 4%% 1st, preferred (initial)-——_!— $$1.12%/ St. (quar.) 9-10 1 Co.— preferred St. Louis .. 10- 1 10- 5% 9-12 10- 9-30 53%C . 9-10 1 ■ ; St. John 10-15 ■ 1°- 1 10-15 $1 4 - 10- ' 9-19 ;; '1''* v<: $1.50 _ 1 , 75c Industries, Ltd., common—-—:—_ 7% preferred (quar.) Safety Car Heating & Lighting (quar.)—!! Safeway Stores, Inc., common (quar.)—_ 9-15 10-20 . lO-iO $1.75 $1.75 Russell 9-3Q 11-1 30c — •' ic ■ " convertible " Service 7~% v 10-15 ; ' — National Bank & 5 % 10-1 9-30 (quar.)__ Quarterly Public 9-15 .10-. 6 $1.50 (qua~rj 77.77 common.. preferred . $1 25 __ (quar.)__. Public 9-19 10-15 50c (irreg.) Mines, ; preferred * (quaf.) Rubinstein (Helena)- class A (quar.)——, Ruppert (Jacob), 4%% pfd." (quar.) 9-15 ,11-1 . 20c —. 3.60% & Cable fiorp. 4' 10- 50c (increased) 6% 4%% Mines, Providence 10-17 1 1 50c"- Old Town Ribbon & .Carbon_______,__ 8% 1 1010- $25c - (quar.) _; Colony Insurance (quar.)' 6% 11- 9-30 6% com~~~~~~~r~~~*"" A Proprietary 2 10- $1.75 preferred Proctor & Gamble Co. 8% 9-13 Public preferred Industries, 4% pfd. Omar, Inc., common___ Dome Prospect Hill $2 ~ Olin 1 10-15 40c 1 (quar.)' Electric & :' ———— —ii Car. East 9- 10-22 $1 (quar.)— Products Steel 2 .10-22 93%c — Paper ' 9-22 ; * 9- 10-15* 37 %c — Co, 9»-20 1 — : Electric Power, Corp. of Canada, par tic. & Lambert, Inc. Preston Rome 40c > non-cum. Pressed 9-20 1 "10- 1 75c pfd. 1 preferred (quar.) prior preference (quar.)—_____: Series A pfd. (quar.) 5 % 500 — (quar.)__ 7% & pfd. 6 50c !_7TZI Company Omnibus 10- 5%. 4%% (quar.) — Sulphite Prentiss-Wabers 9-15 Rockwood 9-20 9-30 25C. Co. Pocahontas 9-19 25c "(quarT)"" Service 10- 1 10-1 9-30 62 %c Chicago (quar.)„i non-cum.. 10- $1.75 Potomac 9-12 9-30 28 %c _!____!__!__ preferred..! Gas Creek Huron 4% 9-12 1 10- $8%0 $5 convertible preferred (quar.) ' Ohio Public Service Co. 3.90% pfd. Ohio Service Ho.ding Corp.— Water 9-22 10-15 25c 90c 4.40% 'Ohio Finance Co. 4%'% pfd. (quar.)!,"!5% prior preferred (quar.) - _! r—Ohio Leather Co., common. : •<' 10- 50c pfd. (accum.)___ Co., common________„„Z_ preferred (quar.)_I Gear Inc. Extra Pratt Ohio Edison Ohio 9-22 1 1 "10- 1 35c — Scale,. Ltd., Polaris Mining Co. Pollock's, Inc. (quar.). Pond 20 Ohio Cities .Water, $6 Oil 9-15: 10-15 _____ 2 25C _____ Water 10- 10- r — 2 9- $1.50 Pneumatic 6% preferred (quar.)_____:__„_.„„_____ Scotia Light &-Power, Ltd!— Oklahoma 9-20 9-30 Worcester RR. Co.— non-cum. , fower Northwestern States Portland Cement (quar.) $5 1 10- 25C i (initial, quar.) 9- 1 „ 4 9-20 9-30 - Novadel-Agene Corp. (quar.) _!___! Noyes-(Charles) Co.— Ogilvle Flour Mills. Ltd., common 1 10- Plymouth Cordage Co. com.____—— Employee's" special- stock Wis- pfd.Zquar".)"ZIIII i 9- 1 10- — & 50C $1.25 ' (quar.)*_____!!_—_!_ Extra '-*1—j—.—1 Rochester Telephone Co.; common (quar.) 4%#> 1st preferred A (quar.)— . Plume & Atwood Mfg. Co. 10-15 ,• 10- 11- ___________ Extra Port _IIZ_ZZ7~~' _7__ (Miirn.")—" Co. ; com. 1 10- 15c Power Extra / New 1 50c $3.60 preferred (quar.) Northwest Airlines 4.6 % Northwestern Leather (quar.)____ 8% Nova 1 10- 50c , (irreg. )!!_ (accum.) 10-25 90c Wayne (quar.) Extra Co.____^ Ltd. States Norwich & 10- „,20c each 9-25 30c (quar.) : 9-10 9-22* ' " $1 —_______ Plough, 9-19 liquidat" share" of 10-10 — com. 1 Co. $1.12% (s-a) preierred (s-a) Plainfield Union - ' (initial) Mfg. Co. Shore 1 11- 40c one Power Mills, Button ___— Co Electric common & North 10- Car Corp.— chares held. North American Refractories- . 9-15 $5 convertible preferred (quar.) North American Co. (cash dividendF—IIII consin 1 30C ~~r 4,ing distribution of Cotton Rochester $1.50 7% - ,9-15 J25c $2 \ 1 10- $i.06y4 __ (Stock dividend) A second partial Robinson 9-10 Pittsburgh Screw & Bolt Corp.— 10-16 , 40- 93%c (quarTI 9-10 9-30 $1.50 (quar. 1 Mills, Ltd., class A (quar.)_ L.) Mfg. Co., Ltd.— (quar.) ___'—— 1 preferred (quar.)—— $2.50' 9-10 10-1 1 10- Common 9-10 i2%c preferred (quar.) Pittsburgh Plate Glass— 9-30 1. •' 1 9-i5 10- ■" 10- (P. 10- 1 (quar.) Pittsburgh/ Fort ." 9-12 10-10 11- 50c (quar.)"" Indus~trFes""Fqu~ar7-"~""~ Noblett-Sparks ' ' $1.50 93%c; 10- ' 10-10; 10-18 90c Works, 6% pfd. (quar.) common—!—— Inc., 3 4 Silk Riverside Robertson $1.25 Co., Ltd. (quar.). preferred Common . Ritter Co., 5 9-20 8-20 11- ' , $1.37% (quar.) "Co. 15c : Common 10-15 1. EFec.trFZcorpT 3%"%"rpfd/(flimrT" Niagara Nopco 11- 4 9- 9-30 $0.1944: .___. 2nd & Water ' 9-10 1 10-22 25c 12 %C, ; preferred Brothers Z 9-30 " $1.06»/4 4% % convertible preferred (quar.) Pittsburgh Bessemer Si Lake Erie RR.— 8 10- " Newport Industries, Inc. 4% % pfd/ Niagara Hudson Power Corp.— • 1 9- 2nd Richmond " 10-1 $1.06% —__ Governor 6% 97%C pfd. (quar.). " 10- 1 93%% Co. Co • v. Gas— (quar.)! Telephone (Ohio), 6% Newark 10- 7% Richman 9-22 1 10- : 25C (quar.) , 10-15 $1.50 10-15' 20c (initial) Co., Inc.— Pillsbury Mills, Inc., $4 preferred Pitney-Bowes, Inc.— ' 9-22 1 (quar.) __!„___ preferred Morris Pierce 1 9-15 9- 8 10- $1.31% (quar.)_ • 9-15 1 10- 37 %c Phoenix Insurance Co. (Conn.) (quar.)____ Pictorial Paper Package (irreg.)————" Piedmont & Northern Railway (quar.)—— ' 9-15 10- >-15 10-" 1 $1.50. (quar.) Reynolds Metals Co., 5V2% conv. pfd. (quar.) Reynolds (R. J.) Tobacco, 3.6% pfd. (quar.) Rhinelander Paper Co.- (quar.)—-5%, convertible preferred (quarO—— Ricq Ranch Oil Co. (quar.)__ : Rice-Stix Dry. Goods— " 7% 1st preferred (quar.) ; 10-15* 1 10-1 $1.75 (quar.) preferred $3.60 9-15 1 1 10- pfd. 9-ia 10- 2 ,25c; ,.10- 2 (quar.)________^ & Brass, 5%% Association-. 9-10. 10-1 ' 25c , Bros, * preferred 4% ' 10- pfd. York 10- ! / 9- 5 9-10 56'/4c (special) """ Chicago, &-St. Louis RR. Co".— (accum.).. New York Power & Light— ' ' , York 1 ,Ur $ic; (quar.)—— Philadelphia Transportation Co. Participating preferred (s-a)_. Philco Corp., 3%% pfd. A (quar.) 9 $1.18% 6% preferred A 3%% preferred New 5% 9-20 1 $1,75 PubFicServFce— T 9- 10- 1 $i.06y4 , 1st non-cum. Philip New York New 1 9-10 $1.37% Philadelphia National Insurance (s-a)______ Philadelphia Suburban Transportation Co.— \ 9-10 10- 10-1 $i pfd. (quar.) Philadelphia Electric Co. com. (guar.)—. $1 preference (quar.) 9-16 10- ; com., Co preferred (s-a) preference (quar.) $4 9-19 $1 4%% preferred (quarjITT New York Air Brake Co. - 1 1 9-30 22y2c New Jersey Water, preierred A (quar.) London Northern RR. (quar.)_________ Rubber pre.efen.ce $4.50 9-12 10- Reymer & Philadelphia Dairy Products Co., Inc.— 1 10- , 50c New , " 9-30 1 9-10 40C .___— $1 (quar.Z & $6 11-1 • Tire $5 1 11- 1 10- $1.50 — Light, 4% pfd. f 6% Co.— 4% % con v. preferred Mquar.) New Jersey Power & . 11- 10-15 $1.12ya .. Pharis 1 5 9-20 1 ,12- 112c & Electric Association— convertible preferred (quar.) Pfd- (quar.)„ZIII New, Haven Clock 12- 9-12 $1.25 __________ 2nd preferred (quar.) (Charles) & Co/ preferred Philadelphia Co. 9-18 12-1 "~~ (quar.) 11- 1 50c ' , 10-15 9-30 System (initial quar.f. N®^,^ngl'ind Qas 3.90% 10- Co. preferred 1 820 Mines, 4y4 % 9-18 11-15 25c $3.50 Telephone, Ltd ' 9-15 1... Stove Gold prior 10- , 87 %c _____________ 9-12 : 10-31 25c Sf«, Ingl,an<i Pcwer< New England New Orleans Common .10- , 53 VsC (s-a)!_!:. 5 5ngl.aPd Electric Extra 1 6% Revere Copper Revere Racing $1.12% "7 9-19 9-12 10-1 30c — (quar.) Ltd. (quar.) Pet Milk Co., common (quar.) 4l/4% 1st prefeired (quar.) Perron 9-15 - 9-30 $1.25 " 25c -■ — ' JO- 1 35C Holier^ Share1 Payable of Rio. 77 . ______ Extra " Perfection • 9-20 9-30 50c Brunswick 9-22" 10-15 10- t. 9-22" : . 10-1 25c ____T preferred 4%% 9-29 $1.12 V* Corp./ (increased, quar.) Nekoosa-Edwards Paper (quar.)_.,_; Now Bedford Cordage,: common... Class B -9-22 9-29 10c 50c ___ (quar.) *v*% 1. Pfizer 10-year preference, (flpal)__7. 4%% preferred (quar.)™, SiHW Tea ,CoNehi 10- of Company ' ' , lOo " $5 preferred (quar.) Peoples Drug Stores, Inc. (qiiar.)_ Peoples Gas Light & Coke (increased)—.— Peoria Water Works, 7% pfd. (quar.)___— Perfect Circle Corp.' (quar.)_ 9-20 9-20 40C . $2 9-30 & Common ' (quar.) 9-15 1 87yac , "9-12 10-10 When per Name Republic Pictures Corp. $1 conv. pfd.~ (quqr.) Republic Steel Corp., common (quar.) " Pennsylvania Telephone, $2.10 pfd. (quar.)__ Pennsylvania Water & Power Co.— 9-15 10-1 30c National Supply Co.— National Tank Co. : - / ■< 10- 20c " 10- 1 10c Light Co. com 4 % % preferred (quar.) Pennsylvania Salt Mfg. Co.— New: 3%% preferred (initial)— 9-15 • 10-1 i5c : ' ' 40o " (quar.) com. When Holier• Payable of Reo. ; Share .—_________ 25c 0' Deto«r;rinc:- ' New 1 """" National Stamping Co., 6% conv"pid.~Ts-aZ National Steel Car Corp. (quar.) National Sugar m 8 10-13 , buc NcS™„sT,ru.rS)ops 7% 10- $1.25 . New 8 9- 1 Pennsylvania Power •p'-i: KXa! , 11- 15 c .5% preferred (quar.) 4%% preferred (quar.)-"' Bearing 9- 9-30 $1.50 ,. 12-5 1 9-30, ; i2%c "" Pennsylvania Glass Sand' Corp. 5% preferred (quar.) : 9-5 1-1-48 12%C "" • (quar"IZIZ B F . 10-1 . ZF . Pennsylvania Co. far Banking & TrustsQuarterly Pennsylvania Engineering Corp Pennsylvania Forge Corp.__"_-__—E 10-20 • 10- J15C Extra Per Name of Company 9-i5'' 10-15 " ' National Linen Service Corp. Common (increased)______" Motor "11- 1 f 20c ___ National 15c : t37VaC Hosiery Mills, Ltd, Quarterly ; National Lead Co., common preferred 10- 1 $ 15c (quar. National 6% Holiert* Payable of Rec/, 50c _ $1.50 When Per Name of Company . < National Fire insurance (Hartford) (quar.) National Pood Products;___ " ' National Fuel Gas Col (quar.)" 'National Grocers, Ltd., common. (quar.) — Print Works, Inc;— preferred (quar.)_——— 1 ; , 50 THE COMMERCIAL & FINANCIAL CHRONICLE (1208); .u,. f. " Payable of Rec. Share Name of Company 5% preferred 37V2c 4)8% 9- 5 9-30 9- 5 (quar.)_________—— 10-15 37 V2c lU-15 Indiana Udyiite Corp. 9-30 Union Asbestos 11- $1.20 10-15 1 9-30 $2 10- 1 $1.50 10- 1 9-22 Pacific Railroad, Union 9-15 preferred 4% Union 9-15 10- 1 $1.25 (s-a)_ Co. - ^ participating Patricipating /■' — United 9-20 1 9-20 United 10c 9-30 9-25 9-30 9-25 United Industrial Bank United Light & Railways, 1 1 9-20 10- 1 10-15 9-20 Stahdard Paper Mfg. Co.— 75c (quar.)_*i ' • «<-$l ! participating convertible preferred (quar.) 9-2<) 10- t3iy4c 10- j.iCommon (irreg.) Standard Paving & Materials,-Ltd.-** 1 1 10- j3i y4c 8-29 8-29 Radio, class Ltd., qiass, B (quar.) % 9-21 Standard Co._ Screw — 1 ' jj—— ,_r 10-10 10-10 9-21 5% 60c 9-30 9-22 5% 12-10 1 cash Stanley Works (The] 'stock dividend of 50c dividend_ share one, of Hart 9-30 12- 9-10 of Stanley Worj&s 75c 10-10 9-10 75c 9-30 9-19 (Boston).— 35c 10-15 9-30 Stecher-Traung Lithograph (irreg.) Stediuan Brothers, Ltd. (quar.)—_—__ 75c 9-30 (L.,S.) Company (quar.)nn—_j__ St^te, Street Investment Corp, — 25c Cbmmon : Sterling, Stern n/ (quar.) Textiles, Inc. & Stern 4%% 53c 53c 50c preferred 4%%. Stop & Shop, $1.25 4-1-48 $1.25 7-1-48 10- 1 10- 1 (quar.)__ 6> common........... Sun Oil Sunshine common 12-31 9-25 9-16 $1 1 9-17 $1.75 I-2-48 12-17 10- 9-30 States Gypsum Co., 7% preferred United States (quar.) Securities 10- 1 9-23 U. 1 9-23 U. S, 15c 10-1 9-22 10r 1 $1.25 $1.25 9-30 12-17 Extra —— 10- 62y2c (quar.) U. S. Plywood Corp. com. 9-10 1 preferred A preferred 5% 9-15 (quar.) 9-22 U. 8. Radiator 9-22 U. S. Rubber Reclaiming— $$4.25 10- 1 9-15 $1.12ya II- 1 50C . 9-20 11-17 10- 75c- 1 9-10 8-29 $1 10- S. 9-15 1 8-29 1 9-19 1 9-19 70c * convertible 10- 1 $1.25 11- 1 9-17 9-30 9-15 75c 9-15 9-15 9-30 9-15' 15c 4y2'% preferred (quar.)—— 10- 1 9-15 5614c Ltd.,1 common — 10- 1 9-15 ' preferred 4y4% (quar.) (initial preferred Tennessee Products • preferred 8% Texas Company 9-12 1 9-12 Uprpssit Metal Qap, 0% I 9-12 1 9-15 10- 1 10- $1.75 8-22 1 $1.02 9-15 y? 10- 1 9-10 10- 1 9-22 & Chemical— 10c $6 preferred Oil Texbn & Land Co. > . 9-10« 1 9-16 9-30 10-10 11- 10-10 (quar.) 1 9- 2 9-20 25c (quar.). 50c Quarterly Quarterly Quarterly 9-10 1 1 10- 1 9-15 12-15 50c 4-1-48 3-15 50c 6-25-48 6-15 Thi^it Stores, Ltd. (quar.) t25c -i-. ; Thrifty Drug Stores, common 25c ■. ■f, preferred A (quar.) _i_i. * $1.12»/2 4V*% preferred B (quar.) $1.O0V4 Tide Water Associated Oil, $3.-75 pfd. (quar.) 93%c Time Finance Co., common (quar.)__i lc 6% 15c preferred (quar.) 55c Timely Clothes, Inc 10- TipTop Cahners, Ltd., class-A (s-a)_in__Tip Top Tailors, Ltd. (quar.)wi 1 9-30 9- 8 9-10 ' 7% Todd Toledo Edison Co., Brothers,- Toronto Class Toronto Iron A Torrington Traders iV2% Co. Trlao Corp. Products TraiJmobile Co., 4'/4% $6 pfd. (quar.) 1 10- 1 7% 2 (quar.) -10- 1 9-19 10- 1 9-27 10- 1 $2 - $1.06 Va $1.50 10- & Co. '(stock Lothrop, - 1 10- -w - » v •*;; 9-2® 1 10- - , 9-25 t $1.12V2 '. 9-19 1 " 9-19 1 10- $1.25 9- *. * 2 . 9-15 1 > 9-30 9-15 ■ ,*ii 56y4C $1.50 ^ j . k 1 9-25 10-31 10-15 10- pfd. (accum. 10- 1 10- 1 10- 1' ' $1.75 J, 10c 150c 9-30 9-10 9-15'. 8-30 9-29 : 9-17 $1-75 9.-29 10-10 8-21 t4C 1 — 10- 25c "11- 1 10-20 12- 1 11-20 1U- 1 15C To€ne Mfg. (quar.)__ Cat^VCo.— . 9-20 2aC 25C _________ ; 9-25 10- . 9-17 *25c J:-« i - 10-31 11-10 50c (quar.) . 9-20 * 9-30 100% dividend) common ' 9-10 25C —____ Co., 7% 1 9- 5 1 . •' 25C 25c preferred -(quar.)_—.— convertible preferred 6% convirtiDle preferred 10-20 ; 1*20 ; 4-20 : 7-31-48 7-20 10- 1 9-15 $1.50 37'4c (quar.) preferred 1-24 10-31 37ViC 4-30-48 C^poration (quar.)_____ Corp.^4Y2% " 2-1-48 37%C (quar.)________ Young (J.Company,' common 7% preferred (quar.) 10-25 1 20c cotjWrtibla volnnde 11- 1-31-48 37 V2c convWtible preferred (quar.) 6% —__ (quar.) 10- 1 9-19 $1.75 10- 1 9-19 56V4C (quar.)___ 10- 1 , 9-16 ' Less 3qf: Jamaica Income tax. •Transfeairibooks not closed for this x 9-15 1 9-10 9-30 10-15 1010- 12- »Pavable-4n U 8 funds, less 15% Cuuaman nop-rasioen« Non- *i 1 12-10 dividend, tPayable *fn Canadian funds, tax deductible at the sourca. taSP tSlfc; resident tax 7%. a Less British Income tax resident 1 10-15 10- 5% Victor 9- 1 9-20 ,; $2.50 preferred (quar.) preferred preferred Tool 10- 1 9-22 Warner 10- 1 9-22 Warren Bros. 10- 1 9-15 1 9-19 10- 1 9-19 53V8C 10- 1 9-20 9-20 15c 10- 1 9-12 Inc., and'iiarther in' Bache & Co.; Frank T. Ryan, President/Sir Wil¬ 10- 1 9-12 liam Stephdnson, 10-15 / 9-30 10*20 10-10 35c 10- I 9-16 10- 1 9-13 25c 10- 1 9-19 1 9-19 ' :__■ _— —; j„J! $1.37(4 Pictures (quar.) (quar.*)— 333/4c 9- $0- 3 37 (4c 11- 5 1 1 10-17 1 11- 63Vac J 15C J Co. Wayne Knitting Mills 75c 9-30 9- 9 Wayne 37 %0 9-30 9- Weatherhead Screw $5 pfd. - ■' 9-30 ! io- 50c , 10- 2%C : industrialist; Edward R. Stettinius, Jr., former Seta-J retary of State and former Chairman, United Stages Stee^ Corp; '< ;?.i Yolande Corp.—New Secretary— -'> ' 1 9-16 i; ' . 9-23 9-12 1 10-15 Harry Robinson, Sales Manager, has been elected Secretary, pssumes h's new responsibilities immediately and will continue duties'as Sales .Manager.—V. 164/p. 2738. He his 9-11 1 10-1 $125 (quar.) the The full.hoard 9-16 10- 50q i Products-Co. 9-16 25c . i Oo.__i_l 9-25 9-30 25c I- ' (qv.arj 9-30 50c MotOr in Bickle, 10-17 ' Quarterly Wayne" Pump 9 9-20 1 "■9-15 (quar.)^ (auarf) Extra 11-10 1 10- 9-20 9-30 $1.50 Washington .Water Power, common. Waterbury Farrell Foundry & Machine Co.— Waukesha 10- 9-20 9-30 9-30 5c & B 10- 25c v t$l : 9-15 (Continued from page 12) $1.75 7-15 75d J 1 ■ development in backward areas of the world and in those! areas lavaged by the war by mak'ng available the services of out*-" standing. technicians and the introduction of modern production; j methods." This will contribute to a general, raising of living standards 62»/2c 4-15 8-2-48 $1.75 (quar.) Co., class A Baking Co., common—— •r.w«•' industr'al badk^vard: countries." 1 of: directors of World Commerce Corp. follows: B. W- > senfer. partner W'lls," Bick'e & Co., Ltd.,-Canada; James "FL • Cavagnar§;r.^enior Vice-President, Transamerica Corp., Saq Francisco; William WT'Cumberland, partner Ladenburg, Thalmann & Co., invest-' mpnt." ha nicer?, New York; Daniel A." de Menocal. director French-:> American Banking Corp.^ former Vice-President the First .National,Banit, . of Boston^Major-General W l'iam J. Donovan, senior partner Donpvai^ i Leisure, NeWton & Iri'ine, New York; ' Also; Russell- Forgan, partner Glore, Forgan & Co., ...investment banker?, New' York and Chicago; Joseph C. Grew, former, ,U, SJ i Ambasradofi: to Japan;: L. Boyd Hatch, Exequt've Vice-president^ the Atlas CorjAtTJames D. Mooney, Chairman of the board and President^ Wipys Oyefiand Motors, Inc".; John A. R. Pepper, President/'iBiddle-. Sawyer Coro:; Johh -t. Ryan. Jr., President. John J. Ryahf Jt Song; 1-15 5-1-48 25c :i_: Cp; Co., class A 10-15 37(4c Co;, common Brother? 9-15 11-1./ 2-2-48 37 (4c ___* 7% preferred 10-- I, $1.50 37y2c Vulcan CV2% 9-30 9-20 37 (4 c (quar_*_*„*_ Ltd. 8 9-17 — (quar.)_i._' (quar.) Coifton, 8 9- 9-27 87(4c Virginia-Carolina Chemical Corp.— 6%~partic. piieferred (accum.)T T Virginian Railway, 0% preferred 6% preferred* (quar.) 8 9- 10- I 10- 1 40c : General Corporation and 1 Investment News 9-10 10-1 ; $2.50 (s-a) non-qum.. preferred (s-a) T. Chemical Works com.*— 3xh% 1 9-15 1 1 10- 10- Twentieth Century-Fox Film Dorp.— mm 10-* +25c Ward j 9-16* . - 6% 9-20 $56C 9-15 . 10-1' ^ 1 10- 10- 30c : i 9-30 15 10-15 $1.06 Common-^fquar.) 12-22 $$1.25 pfd. (quar.) Ltd., common (initial)-. ; preferred (quar.) Vicksburg Shreveport & Pacific Ry,—" 1 J.4 io- r 5 1 1 27C Verney Mills of Canada 4J/2% 10- 1 9- 1010- 10- Walker 10- • 10- • 9-3® 9-20 1-2-48 5c 9-15 $1.50 \'r 9-15 $1.75 9-15 _____ 9-15 I 1 9-30 -$1.25 — 9-27 11-14 (Dallas)—- preferred.!. 5 9-1® ' - 4„ 1 (quar.) 5 9- 1 - 1 preferred (quar.)„ Venezuela Syndicate 3 11-15 10- 20C (quar.)—, J class B preferred (quar.)„_ Wabasso 9- 1 10- 250 (/^ 256 preferred A 10- (quar.)___ Co. convertible non-cum. Vulcan Mold & Iron 1 10- 02'/2C pfd. Common class 5% Cl.ass conv, •^41.50 5%; 9-23 10- $'$1.12% Trinity Universal Insurance Quarterly 9- 1 10-15 ' 30c A Monthly Co.— 10- (quar. )J- t 10-22 $1.75 Commonquar.) 12-30 10- 30c 6-15 9-20 Finance Corp.t 10-15 1-1-48 '(qUar.) 45c Corp., Ltd.— preferred (quar.) Co.— 10-gQf 10- 10- 750 _=___ 1 - 10- 12*40 pfd. vtc (quar.) 8% pfd. (quar.)__— 1 9-27 -10-20 10- 11: 60C 25c 1 11-1 $1.25 $5 preferred (quar.) — Combihg Corp. of Canada, Ltd. (quar.) Yale & 9-29 Bakers—___ 25c Tri-Continental 10-31 62y2c 9-15 1 I Corp. Sciver (J. B.) Dutch *$1.25 Co. (quax'.-)x_-_n_(increased) i Mortgage Towmotor Van Kamp's Holland de 10-10 (quar.)_J, 9-16 10- 1 preferred,(quar.)__ ^ Corp;. $3 cohv. prior pfd. (quar.)__ $4.50 preferred (accum.) —J J—_j.jj.__—__ Vulcan Detinning Co.— *" Nqw 7% preferred, (Initial <luar.) 10- 2c 1 62(40 U5c Ltd._ Oir-Co. - 9-20 9-30 J 25c (AliinFsteei Yellow 12-30 J__ Wagner Bakjng Corp., common—— 7% preferred (qua).)_ i—_— Waldorf System. Inc." (quar.) i_—" Works, Ltd., common tquar.)_ 10- 10- prior pfd, (quar.)_ Vlchek 9-19 Tpni Bell Royalty Co.___ Tooke preferred » ' 9-20 1 1 10-15 15C 9-20 10- 12- 6% Monthly Yorx 9-10 1 $1.06 Va 1 ' 1 10- $1.75 (quar.)______ 9-16 9-30 11- 1-1-48 $1.12 tlOc pfd. 9-15 $1.37'4 (quar.)___—_______— Wisconsin;Electric Power, 6% pfd. (quar.)_ 9-29 pfd, (accum.)_____ fl5c 4y4% 9-16 9-30, 66 (4c 1 10- 15c 9-25 10-15 1 • 6% t7»/2C _i____ 9- 1 $1 — Wright^H^lgreaves Mines tquar.) Wrigley (Wm.),:jr. C6. (monthly) 66y«C 7 0% t25c - 1 10- 75c (quar.)—r_ ^— 9-10 75c 9-10 10- 50c Packing Co., common_-_ prefen-ed 'quar.) Company (Irreg.). 10- . 9-15 12y2c (quar.)—__——*—__ & LoYBtt Grocery 6% 9-10 - • common ' 9-ltt 12c 9-30 y2p 75C 9-30 ______________ 1 1 • $1.50 (quar.)— Company, $4.25 preferred (quar.)_ Lin&I tnc. (irreg.) — Woodward ' 9-30 • Tobln ; prior preferred (quar.)_ Utility Appliance Corp. $1 conv. pfd Common 11-25 1-1-48 50c ;; 9-20 9-30 1012- $2.50 12-18 10- 10- 25c 7% 5% 9-29 9-30 3iy4c 1-2-48 $1.25 $20c Wool Viau, IOC 50c ; 9-18 Vapor Car Heating Co.— _ 11- 1 „:___i_ ______ «;i 1 10- $1.50 Textron, Inc., $1.25 conv. pfd. (quar.) Carbon, $5 preferred (s-a) Mills 10- $1.75 Thermatomlc Thomaston 9-15 $1 (quar.)—1„; Textiles, Inc, com. ■4% preferred 1 50c ' 10- $1.50 ! Tex'as Electric Service, $0 preferred (quar.). Texas &; Pacific Railway Co _i___ Texas Power & Light, T/o, pid. (quar.)_____ 9-2$ 1 10- —— 9-20 50C ____J 5% Van (quar.) ,!»Li 10-10 $1 ______ —L_ (quar.) WoodwaiiSiSQn $2 44/2% preferred (quar,) Utah-Idaho Sugar Co.—, 60c class preferred (quar.) Utah Power & Light Co Utica Knitting Co., 5% _____ 2-16-4fl " 25C (quar.) Inc., t $1 25 Woodley Petroleum Co, (quar.)___—hm—_— Woods Manufacturing Co.. Ltd. (quar.)_— 9-25 $1 Upson Co. $5c quar.) (quar.)_ (quar 1 $1.06 »/4 mi: B 10- 10- 11- 2-1-4# 2-15-48 11-15 (irreg.)_ & Wiser 9-IS £ 11-15 75C _______ 9-15 (quar.)l_£ „(quar.)__-. 10- Tennessee Gas & Transmission Co.— 4;l0% preferred B JO- 25c Teck-Hughes Gold Mines, Ltd. (interim).v. Telluride Power Co.,'7% preferred lquar.)__ s preferred 4Mj% 4La ^ $5c • __ 9-15 *10-15 1 9-30 50c (quar.)__ $6 preferred 10-10 17(4c'J Upper Michigan Power & Light— 6% preferred A (quar.) 6% preferred A (quar.) $50c ... preference (quar.). Taylor Instrument Cos. (quar.) 11- tl 25 10- T 25c (quar.)_ J Pictures Cc. (quar.) $25c (quar.) ' 4% 9-15 10-15 $1.25 10-15 preferred Universal 9-30 9-30 50c (quar. 10-15 " 75c - .... 9-24 31 y4c —______ com. 1 $17 £—common 9-25 9-20 $50c Ltd,: .(quar.) Wood 9*25 10-15 11- 15c 8% 50c ;i_i (quar,)— Lqaf Tobacco, 9-35 1 1 9-30 75c $2.50 . * Cyclops S^eel Universal 10-15 si *•'• preferred 9-30> 75 c (quar.) $8.75 (quar.) (quar.)_- United Universal * 9-26 62 (4c • 2c Winn 10-20 "87V2C 8-18 1 1 i. - ____-__r_-___i Trust: Co, 31- 10- 1 10- 10- : ,J9-2S 10-15 20c : (N. Y.) i. NewbJersey Railroad & Canal (quar.) United Steet Corp., Ltd. (quar.)____— United Stockyards Corp.— U. 1 9-30 10- 10c (accum.)n— (increased) Common •7% preferred (quar.) United Transit 5% pfd. 1 10- 11-17 5% $i.06y» ______________ 10-10 9-30 25 c pfd. 10-15 40c t 10-15 10-30 10-1 — * -9-15 1 10c t$1.40 (s-a) Willys-Overland Motors, Inc.— $4.50 c6nv pfd. series A (quar.) Wilson 9-15 35C Njew $1.40; convertible preferred (quar.) U. S, Smelting, Refining & Mining-f- 6% *10- 10- $1.12te _ ' 9-15 10-15 15c 1 Corp. 1 Oil preferred Wilson 9-20 10- 1 10- Inc preferred Wlisil, 10-10 lo-1; 9-15 Stores Ri^tnr 4V2% 1 dividend).' 10-20 62 (4C 10- 10- (G.), : 9-15 93%C (quar.)—__—r_—1_ 10- 10- Extra 1 9-15 1 (quar.)___—__ preferred Wiggins Terminal U. S. Printing & Lithograph Co.— 15c 35c ./ 10- 1 10* (quar.)— Corp—; —.Water Co., 7% pfd. (quar.)____— Electric 6% pfd. A (quar.)___ /___ 6% 9-15 20c (quar.)__— $1.13 A <quar.)i__i_ (cash .9-18 1 40c Tamblyn 1 50C - 10- 9-22! 10- 10-1? r Co.— Ttmd, AutP $4.25 9-22 1-2-48 50C 10-15 * 10-1T • $35c Cos. Ltd; Mfgr; Wieboldt-Stores, 9-15 10- 1 , 22 (4 c Lines, 3%% 10- 50c (quar.) ni___Ji.jii.i__ Inc. 9-15 1 " Sylyania Electric Products, common._i____. $4 preferred (quar.) _i___.xi .... Sylvanite Gold Mines, Ltd. (quar.) __ Tacony-Palmyra.Bridge Co., 5% pfd. (quar.) Common (quar.) £___£—__n i.-.i__ (James) 9-15 10- $1.12'/2 $1.50 (quar.) Will & Baumer Candle, $5 1st preferred (quar.)_r_jj._____ 4V?% preferred (s-a)_ ;— flaying Card Cp. (quar.) ______ S. 10- 10- Talpett Wico 8 9-30 10- 1 11-15 Wichita - Corp., 25c 25c 25c A 9- 50C 50q *5 — International & Whites -9-22 (quar.) common b-30 11-15 $20c (quar.)J conylrtible Whitehall 9-22 $1.50 9-22 $1.75 25c A * 10-ZX $1.75 — class Vtieorge), Wichita 9-30 y United 9-15 9-30 43 %C Superior Steel Corp... Swift & Co.; (quar.) £___ Class l- $1.12(4 10-15 Wheeling "Btefel Corp., ' common^ $5 convertible prior pfd. (quar.)__: WhltakerT'&ner Co. j(increasert) * • ______ Mining Co. 9-C2* 1 56c Co. of Canada (quar.).l. -Stock dividend V/a % ; preferred A k 2 ~ ; 9-19 10- (increased) Corp. 10-1 $1.75 -J—n—_ U. S. Foil Co., 7% preferred -(quar.)-— United States & Foreign Securities Corp.^f-- $4.50 1st -preferred (quar. —i__ $6 2nd preferred (quar.)_j— U. S, Guarantee Co, (N. Y.)______—_ 10- 57c 4Vjf%< preferred Co., $1.75 ■ — preferred 1-10-48 • $^.50 preferred A (quar.J.1— Sunbeam 9-19 9-30 — Sunray Oil Corp., 1 10-10 (quar.) Assurance 10- $i 9-11 " Stromoerg-Cavlson Co.— 'convertible preferred (quar.) Suburban Propane Gas, 5% pfd,*(quar.)T___ Sun Chemical Corp.,' common___.i--._i.i__j. Sun Life 9-25 9-16 Clothier, $5 preferred (quar.) Strqwbridge 9-25 10-15 1 i2y2c 9-16 10-15 2 12y2c 6 9-231 1 25c Wheeling ^T&ke Erie Railway, common.__ 4% prist ilien (quar.)_ 5Y2% eontertible preferred (quar.)—_— " 25C 10c ________ 50c 25c __ — Finishing, $4 conv; pfd 10- 37 (4 c —. 1 11- (quar.)— Stationery, Inc. Wheeler^sgctod 9-16 (quar.) preferred Weston 9-20 10- 10- (quar.) Weyonbem Shoe 9-23 30c 62 (4c (quar.)__ (quar.) (quar.)_. a preferred 5% 3-15 48%c preferred WestmoreiSna', 9-23 (quar.)_ pfd. (quar.) Publishers; Inc. (quar.)—_ c'.ass A RR., common .!___JL Westmoreland Watei;, 6-15 1 Pacific 5% 5 10- 3 (quar.) 5% prHefied A Western Tablet & 12-15 30C com; 11- JLight & Telephone Co., Inc.— prefetfed "(quar.) ———_~ 5% 9-15 9- 50C Common liquar.) 11-15 I Grocer's, Ltd., Western 10-15 1-2-48 87y2C _____ 10- $1.25 10- (quar.) Inc. 9-19 - 1 9-201 $1.50 Co.____ Western. Massachusetts 10-15 $1.25 Shoe 7% 12- 10- common...... (quar. preferred 9-19 S. 10- 1 11- 1 50c Electric 5% 9-15 50c . I- Western 11-15 11-1 10- (quar.)„, Stores Department $1.40. preference 11-15 * —_— Machinery, common 6% preferred (quar. U. S, Fidelity & Guaranty (Bait.) U. 1 9-15 30c (quar.)____ (quar.)——,—__w-— Western 10-15 1 1 Water Service—-- Western 9 i 12- no- 53c 25c Stix Baer & Fuller Co., '7% pi a.- (quar.)___ Stokely-Van Camp Inc., common 5% prior preference (quar.).:— , United & Western * 10c SteHin'g Electric, Motors, , 9-15 9-30 20c Sterling Aluminum Products (irreg. Sterliug Brqwers. Inc. Sterling Drug, 3y2%! preferred (quar.) i 9-30 10- }15c Ste£l Products Engineering Co,!:;.— . Printers 12- 58y3c - 10- $30c 9*15 11-1 9-12 50c (quar.)_. Western Commonwealth Corp., 9-20 10- 0-17 10-15 17y2c Petroleum, 70c pfd. (accum.) Assurance Co. (Toronto)--(s-a)____ Western^Bxeareries, Ltd. 7-31 1 9-10 1 — preferred Western 9-15 1 Vrr^TSla $4.50 9-11 10-23 58Y3c 9-15 Starrett " participating United held____T__ common 10- 10- 58 (4c preferred United Milk products Co. & 1 1 9-30 25c common preferred (quar.) ________nJJ____ (quar.)—— 5% 1 oVCooley common stock for each 50 shares 10- 16%c n__—— Virginia Pulp .& Paper Westates Y.)—- (Brooklyn, N. preferred (quar.) preferred (ouar.)_— 5 % Stahdard Wholesale Phosphat & Acid Wks.— West Manufacturers, Inc.— United Merchants & tlOc tlOc (quar.)_, A _ 10- t$l 25c 10- $1.25 9-lQ . 55c prior 60c Stahdard ■ 1 9-15 ; t$1.75 SpeclaPTTi_i. ~ - preferred (monthly) 7% prior "preferred (monthly)— 1% prior-preferred (monthly r 6.36% prior preferred (monthly) 1 6.36% prior preferred (monthly). 6.36% prior preferred (monthly)r_ j; 6% prior preferred (monthly)__n___ 6% prior preferred (monthly) : U! 6% prior-preferred (monthly— 7% 9-30 10- 93%o — 9-10 10- $1 9-20 10- • &%' participating 'preferred 9-18 9-20 10- 25c 25c _. . 10-15 10-1 25c Illuminating Co zzr Fund (irreg. )„.;:..n-:— 18%C 75c Standard Oi) Co. of Ohio— y%% preferred A (quar.): 9-18 $1 Income United (quar.) West 9-26 $ 75c preferred 1 6% 10- 22*40 — West PenitlFower Co.; 4*4% pfd. West TeYds Utilities, $6 preferred Investments, Ltd.— Fuel class:. A 10- 10-31 10-15 A Electric, $7 class preferred (quar.) preferred, (quar.) Penn 7% -6% 10-14 1 50c ______ 10- 10-31 West 10-14 i "10-15 $1.75 pfd. <&ccum.)___ Dyewood, Corp., T/o Fruit Cq. (quar.) $1 - 1 12-1 f $1.25 li- - 9-30' 20c Light,-Ltd.— preferred (quar.) __2 Micnigan Steel" & Foundry^— 7% prior: preferred '(.quar.)— 1 75c 12- 10-15 1 1 11- n-1 1 — 7% 9-15 15c — 9-15 1 10- West 9-19 9-30 87 (4c ' (quar:) (quar.) United Gas- Corp. (increased) United Grafo Growers, Ltd.— 5% hon-cum. preferred A tioc 9-30 5c 9-18 9-30 20c 11- J.— _ preference United 9-15 $1 Standard Factors Corp., common (quar.).— 75^ preferred (quar.) — —— Standard Fruit & Steamship Corp., common. . 10- 8 1 2 8 United —r-—i— __n__ 10-15 10- 2 9- 50c •' Springfield Fire,& Idurine Insurance (quar.) Sqiiare "D", Company___..___\._____'__..__-__ Squibb (E. R.) & Sons $4 preferred (quar.)_ —Stahdard Chemical Co., Ltd., com. (quar.)_ 5"% preferred (quar.)— _______— ."5fear-end 10-13 12- $1.13 9- 1 (irreg.) Snowdrift West Kootea&ji iPower & 9-20 1 10- 10c 10-15 12-15 75c - 1 10- —_— preferred-(quar.)—____ convertible $3.50 United Drilll& Tool class A 35c 50c — 9- 5 10- 1 10- 6uo common— — West Coast Telephone Co., $1.20 pid. (quar.) West Indies Sugar' Corp., (special Interim) 9-10 1 $2 ——— (irreg.) United Cigar-Whelan Stores— — 2 $1,50 — (quar.)— Co. 10- . ' 10c Fund Bond Wesson 9-22 i (quar.) common (s-a) Drill Twist 1 10- 17(40 (quar.)—___ Carbide & Carbon Union Investment Co.__j 10-15 $1.50 10- 9-16* 10- 3iy4c &tFIxture Co., 15c preferred (quar.)_ Weliingtqn Fund, Inc.(quar.) ____— Wells Fsflgo & Co.,■ 4 '/2 % conv. pfd. (s-a) __ Wentworth;Manufacturing, $1 conv.' pfd.__^ 1 $1 Co. Rubber & Union ' Standard-Coosa-Thatcher, 9-30 Underwriter? Trust Co. (N. Y.)- (quar.)—_ 10-15 u___ . $1 $1 10- . 5% preferred (quar.) Weeden & Co,^4% conv. 9-22 10- 10-15 —- 15c United 5% & Brps. (irreg.) 1 Weber • Showcase 9-25 25c :_ i_ Corp. 10-1 37 (4c 9-19 Gas & Electric— (Dallas) nn—.— 9-20 1 Holder* whe* Payable Of Rec. Per Share Name op Company 9-30 10- 62 (4 c (quar.) 10-15 (quar.) : :—— BJngiqnd Telephone _ Railway Co., M. & O. stock (s-a >_ Southwest Natural Gas, $6 pfd. A (quar.)__ Quarterly ' Spqlding (A. G.) $1.50 pfd. 10-15 62(40 — Holdert Pavaple of Rea. $$1.75 — (quar.) When Per Share pfd.-(quar.) t$1.50 (quar.) preferred (quar.)' Southwestern Life Insurance Co. Underwood New Southwestern Coach ' \ Co.,'7% prior' preferred -(quar.) Twin y-od preferred Southern Southern Tobacco 208 South LaSalle Street Corp. Twin City Rapid TranS.it— -- 9-30 Power Co. /__£ Gas & Electric Co.— Colorado Name of Company 5% 37y2c participating preferred #% 9-30 270 Southern California Gas Co.— 6% preferred (quar.) 6'% preferred A (quar.) Southern Canada Power Co.— Southern Southern i Tuckett (Qalif.)--. (quar.)__ preferred original 4^.32% . • 1. p.y Holders When Per 1 > V Southern California Edison Monday', September 29, ,, ■ f 10- 2 York County Gas Co_--*-Definitive Bonds Ready— bonds, series due 19*76, are available delivery, in, exchange for temporary*bohds at, The' Chase National Bank of the City of New York, 11 Broad St., New York, N».Y.—Vf, 1C4» Definitive' first mortgage 3*/4% for; ,,pi. 735. "Bar: - ..■•-•■'■- Volume 166 Number 4633 THE COMMERCIAL ft FINANCIAL CHRONICLE PROPOSALS AND NEGOTIATIONS BOND arizona | bridge State Bpnd ELecuon—The issuance of (following bonds,- totaling .$190,000, will be submitted to the voters for approval at an . election scheduled tor. Sept 30: $100,000 pipeline construction; $40,000 air4 port improvements; $35,000 sew-: ers, and $15,000 street equipment and garage bonds. . . mentation. $275,000 Offering—Sealed bids will be received by' the City Clerk un¬ til 2 p.m. on Oct. 9 lor the pur¬ chase of $475,000 bonds, ' > • . as • bid different rates of interest and to bonds of the The in¬ terest stated in the bid must be in a multiple of V4 of 1%. Principal (M-N) payable at the County Treasurer's office. These and interest aft bonds Oct. 24. on split rates irrespective maturities of said bonds. will issue of part are of authorized an $445,000. The purchaser accrued interest from County, Bryant Sch. Dist. must pay (P. O. Fresno), Calif. \] the date of the bonds to the date ; Not Voted—At tion held on Aug. 12 $89,000 school; bonds jected by the voters. . 50,000 fire apparatus, bonds. Fresno and the bonds authorized at the election held on Aug. 12. are of issue an of - elec¬ an delivered was delivery. at bonds the be can will office County Treasurer re¬ bonds as be the of soon the as prepared, which is estimated to be about Nov. 1, 1947. The bonds will be approved as to Kings County, Latonl Joint School District The (P. U. tion $1,000. or Nov. nomination Fresno $225,000 swimming pool bonds. 1 200,000 fire station, construction These registered 1, 1947. De¬ Due on Nov. coupon Dated Donds. j submitted to the voters at be election to be held fol¬ . * : construction Bonds bonds. provement Bond Election—The issuance of Smith, Ark. Bond lows: found . arkansas Fort have Compton City Sch. Dist. (P. 0.\ Los Angeles), Los Angeles I County, Calif, ! | , which local $1,000. 1, as follows: $70,000 from 1948 tb 1951, incl., and $40,000 in 1952. to be anticipated; but the need fof Bidders must specify the rate of some additional facilities has long interest, which the bonds shall since passed the stage of argu¬ bear. Bidders will be permitted to .the • plans and support. Since a" great; many interests have to be satisfied by the plan finally agreed upon* no speedy action lis .Flagstaff, Ariz. . 51 (1299) Due ort June 1 as fol¬ 1948 to 1966 inch, and $89,000 inch* 1,982,000 airport bonds. Due seri¬ ally on Sept. 1, $78,000 from 1948 to 1966, inch, and $50,000 from 1967 to 1976, inch 1,215,000 library bonds. Due seri¬ ally on Sept. 1, $78,000 frqm 1948 to 1966, inch, and $36,000 from 1967 to 1976, incl. 576,000 auditorium bonds. Due serially on Sept. 1, $24,000 from 1948 to 1966, inch, and $12,000 from 1967 to 1976, incl. 500,000 sewer bonds. Due serially on Sept. 1, $20,000 from 1948 to 1966, inch, and $12,000 frdm lows: $8,000 in 1948; $9,000 in 1949; $10,000 in 1950; $12,000 in 1951; $13,000 in 1952; $14,000 in 1953; $15,000 in 1954; $16,000 in 1955; $17,000 in 1956; $18,000 in 1957; $1-9,000 in-1958; $20,000 in 1959; $21,000 in 1960; $22,000 in 1961; $23,000 in 1962; $24,000 in 1963; $25,000 in 1964; $26,000 in 1965; $27,000 in 1966; $28,000 in 1967; $29,000 in 1968; $30,000 in 1969; $31,000 in 1970 and 1971; $32,000 in 1972; $34,000 in 1973; $35,000 in 1974; $36,000 in 1975; $37,000 in 1976, and $38,000 in from 1967 to 1976, - 1977. 1967 to 1976, inch The certificates maturing in the 1977, inclusive, are redeemable on June 1, 1957, or on in after the at on to interest payment date there¬ any their inverse numerical 250,000 park bonds. Due serially on Sept. 1, $10,000 from 1948 to 1966, iricl., and $6,000 frdm following percentages of value, plus accrued in¬ 102V2% if redeemed 1966, inch, and $6,000 from .1967 to 1976 inch order par terest: y fire bonds. Due serially Sept. 1, $12,000 from 1948 288,000 1958 to years in legality, by Orrick, Dahlquist, Neff, Brown & Herrington, of San , City National Bank, of Fort Smith. 1967 to 197$ inch 1957; 102y4% if redeemed in 1953; ' 102% if redeemed in 1959; 101%% 193,000 garage bonds. Due seri¬ build¬ Francisco. A certified check for if redeemed in ally on Sept. 1, $7,000 from ing bonds offered on Sept. 15—V. 1960; 101V2% it $5,000, payable to the 1948 to 1966, inch, and $6,000 County redeemed in 1961; 101%% if re¬ 166, p. 1098—were purchased by Treasurer, is required. deemed in 1962; 101% if redeemed from 1967 to 1976, incl. the Bank of America ,;i V National in 1963;, 100%% if redeemed in Trust & San Mateo Savings Association, of Dated Sept. 1, 1946. Interest County (P. O. San nl964; 100% % if redeemed in 1965; payable M-S. Denom. $1,000. Prin-i Redwood City),' Calif FrancisCo, as 3s, paying 5 100%,% if redeemed in 1963 and cipal and interest Note Sale—The issue of premium of $25.00, equal to 100.50. payable at the $1,000,Only other bidder was the Fresno 000 tax anticipation notes offered 100% if redeemed in 1967, or option of the holder, at the office County of the City Treasurer, Atlanta, or Employees ' Retirement Sept. 23— v. 166, p. 1195 — was thereafter. Ass'n for 3s, at par. awarded to the- Bank of America Principal and interest payable at the City's fiscal agent in New at the Office of the City Treasurer, York National Trust & City. The purchaser mttst Savings Associ¬ Lake County, Lower Lake County ation, of San Francisco, at 1 % in¬ or at the Chase National Bank, pay accrued interest from the date Water District (P. O. Lakeport), New York City, at the option of of the bonds to the terest, plus a premium of $6,800. date of de¬ Interest F-A. ■"' Bond Izard < County (P. O. Melbourne), ■* Ark. Bond ' Election—At special a election to be held on Oct. 11 the voters will consider the authoriza¬ tion of an issue of • Sale : • , — . 1 County Memo¬ rial Fresno); Calif. The $5,000 Bond . . Hospital bonds. . Washington County, (P. O. , Fayetteville), Ark. Bond ■ Sale—The $300,000 2%% interest hospital bonds offered oft March 4 were purchased by, the Calif. - Election An — The notes issue of and water bonds will be submitted for california • the . authorization at • an held issue The present level of income will be sufficient, if on of bonds to maintained, - to remaining $8,008,000 sinking fund bonds by June 30, Oct. 24 to $275,000 their ap¬ County Hospital Dist. (P. O. San Rafael), Calif. i Bond Election—The produce toward their $5 some call. bonds tion to be held million Reserve issuance of ftbw believed Bond ducted extremely March the tion within i: • standing.; ■,*■ as bonds are a under: thorized. at Seph 16. Bay 1 out-; (P. Oi\ Bond ■ some San , ■ imperative, ; ^ in the ; near r ?5 The various plans differ future j- an pending is voters the Ventura O. Unioh Salinas), •, election. held s ). 4. an San Scfu held on construction •- Bend election coftstructiori ,^^Caiif:-^'-<^',^ ;;.vi Election^^he issuance of subrqitted to the voters.for (P. Calif. — Sept. 16 bonds OJ ' ' " At the elec¬ an issue of not was au¬ delaware ' 1 Neuf Castle '' 1 County (P. O. Wilmington), Del. . 3 Bond Sale—The issue of $46,000 iinprpvenient bonds offered Sept. ^/l6?! p. 1195—Was awarded Ealrd,: Bissell & Meeds, of Wilr ftttingtori/ 1 100:045; ap¬ l%s, at a price of basis of about 1.369%.. as a r^he bonds are dated Oct 1, 1947 serially on Oct. 1 from 1967 incl; .Other bids (all and mature 1949 to ' $5,000,000 construction bonds will be Dist. thorized by the voters. '' Novembb^ arilissue Bernardino); of County, Simi Valley Bonds Not Voted ; Sacranxenio), Calif ?'* Election—At will on '* 1 the electiop authorization Ventura), tion Bernardino* Cityy and /High School, Districts. (P. O. „ makes"" relief ' $150,000 construction bonds. issuing bonds will, be; subiftitted. for): voters- approval.^... ■"v are already unavoidable. The un-j .mistakable growth trend on both Francisco of $3,750,000 deep-water port; and ji that traffic delays at Certain hours entering i San O. Election—At consider ' Pajaro terriiinaK facilities I; (^,799 vehi-j July, 1947y* is not excessive ; in itself, ?it involves morning 'and; *revening conimutntionrpehks such bridges aft ».-'y; to -be held .in cles in that An con-^ — be Sacramento-Yolo Port District i vr time.? Although? the average daily s«i load on the Bridge ■V • Calif. ' v of , District (P. Red Bluff), Calif. . Bonds Voted—An, issue of $225,r 000 construction bonds ^.was au¬ ,'st\ ••'., . \ second crossing have _■ School • construct miles of the to matter County, di^cussiohR* for /■ v; Plans for been 10 long so the School District; (P. (. Bridge, High County, Red Bluff Union Unified Au- forbids? such in Monterey > tority to proceed with the con-' struction of another span, across •;vSan Francisco Bay. The present indenture scheduled is $400,000 water 'bonds. free 1, 1950, in order to California Toll- Bridge elec¬ Sept. 30. Martinez, Calif. Election Pending election likely that all outstanding debt of the Bay Bridge will be called on ' Tehama Bond ! . is an on ' funds of at least $4 million will also be available if the entire issue is retired at that time. ,It on unless 1947 for l%s) Were: Farmers- Bank of the State 'of Delaware, Wilmingr? ton, 101.005; Laird & Co., 100.80; Schmidt, Poole & Co., 100.686; Francis L du Pont & Co., 100.25r widely proval at an election scheduled in scope and! type, Bonds Authorized The Levy ranging-in cost for. Oct.'23. : from $91 million to $231 million. 'Court'Commissioners are reported San Joaquin County, Van Allen to have authorized an issue of Vr^The later figure covers, not a sec-; School District ~(P.' O. ;» ond bridge, but a combined tube $50,000 County Airport bonds. r..v.c»v», £t*6cktonfc. Calif. .Si 1 * L \ and causeway plan which would Bonds Not Voted—The $150,000 FLORIDA eventually main-line construction bonds bring weTtevn.ot au4 passenger trains into San Franthorized at the Sept. 3 electibn> Ocala, Fla. r cisco. The train installation, whichi Certificate Offering—H. C. SisSan Mateo County (P. O. would in itself cost an estimated trunk, City Clerk, will receive / Redwood City), Calif. $97 million, could be withheld for sealed bids — • ■ , Polk " ■ 'j. J./t t- re¬ vtures. The latter plan has recently ceive sealed bids until; 1|, a.m.; been endorsed by Army and Navy (PST) on-Oct. 7, for 'the purchaseofficials, •' as .against duplicate of $320,000 not to exceed 6% im¬ ;; Bond • ■ tion Twp. (P. O. Ashton), Voted^-At the voters a are recent said ili. elec¬ to haye approved » Districts the issuance'of $30,000 improvement bonds. road (P. O. Bartow), Flay, Chicago, III. Bonds Voted—At a recent elec¬ Bond to the issuance to of the following be Election—At held an in November election the fal¬ bonds, totaling $750,000: $600,000 lowing bonds will be submitted .to Lakeland Sch. Dist., and $150,000 the voters: Kathleen-Winston Dist; School '"r ■' $15,000,000 slum clearance bonds. 15,000,000 re-housing bonds. 'r 6,000,000 voting machine bonds. bonds. ^ Special Tax School. District No. IB (P. O. Chicago, III. Bartow), Fla.' > Warrants Called —C. J. Whip¬ Bond Offering—F. E. Brigham, ple, President of Board of EdiiSuperintendent Board of Public cation calls for payment on Sep¬ Instruction, will receive sealed tember 19, the following Board of Polk County < until 11 a.m. on Oct. 23 for Education Tax Anticipation war¬ purchase of $90,000 not to ex¬ rants: K ceed 3% interest' school bonds. Building Fund, 193T, N 0 s. Dated Oct.. 1, 1947. Interest A-O. B-102223 to B-102232, dated Nov. Denomination $1,000., Due $5,000 23, 1934. ^ on Oct. 1 from 1950 to 1967 inch, Building Fund, 1933, Nos. optional Oct. 1, 1957, or on any B-15763 to ; B-15765, dated April interest payment date thereafter, 12,1935. ; at par and accrued interest These Building Fund, 1934, No. B-7041, bonds were authorized at an elec¬ dated Oct. 7, 1935. tion held on Sept. 9; Principal and Playground Fund, 1933, No. interest payable at the Chase P-2325, dated Jan. 28, 1935. National Bank, New York City. Educational Fund, 1946, Nos. Bidders shall state in their bids E-1628 to E-2003, dated Oct. 15 the rate of interest the bonds and Nov. 15, 1946. • should bear; The bonds will be is¬ Building Fund, 1946, Nos. sued- subject to ■)} the; approving iB-5501 to B-6120, dated July 18 opinion of Chapman "& Cutler of and 22, 1946. • Chicago. A. certified check for 2% Playground Fund, 1946, Nos. of the amount of bonds, payable EP-361 to P-368, dated July 22, to the Board of Education, is re¬ 1946. quited. i * ; Free Text Book Fund, 1946, bids the '' . • GEORGIA Nos. Bond Offering — B. Graham T-587 to dated July Holders of these warrants were 22, Atlanta, Ga. T-599, 1946. •, ^ Au¬ Ashton A payable tion the voters gave their approvar 4 v' and ' County School , anany years, leaving a cost of $134 Bond Offering — W.' H.. V million for the basic traffic struc- gustus, County Clerk, will time another .place is mutually agreed upon. Sept. 16 the police sta tion, fire station, recreation build¬ ing and equipment bonds aggre¬ gating $365,000 were authorized. Marin submitted to the voters at should , . held final term > will to ' election an as ^certified check for $14,000 South San Francisco, Calif. Bonds Voted —At an election to the City, is required. $1,750,000 hospital bonds'will be of - mitted to the voters at to be held on Oct. 7. an $26,190,000 will be outstanding; Heceipts to that date from the retirement (P. O. San Jose), cant. certificates livery. The approving opinion. ;of Spalding, Sibley, Troutman and Kelley of Atlanta, and Reed, Hoyt and Washburn, of New York City, will be furnished by the City, A certified check for $307,080, pay¬ are desired on forms which will able to the City of Atlanta, is re¬ be furnished by the City. Deliv¬ quired. ery will be made at the office of > the City Treasurer on Oct. Illinois 31, u ; , Valley Water Cohser. The legality by Caldwell, Marshall, Trimble & Mitchell, of New York City, whose opinion will be delivered to the purchaser without charge. Bids Bond. Election—An issue of $2,500,000 water bonds will be sub¬ \ submit ; . approved 1 1949. Serial bonds are not callable until March 1,1950, at which time • .S;- holder. be Only 1947. submitted for the is¬ vation District proval. the 22, ! Santa Clara -; construction the voters for the dated Sept. 10, 1947 Dec. • "V"".'" ■ . Bond Election—An election will ; be follows: was sue. oft Oct. 14. ■■■■?. 1 Calif ."* concerning the above Authority's holdings,, Heller, Bruce & Co.' re-j retire '' County, Paramount Elementary School District», (P. O. Los Angeles), Franc ise o-Oakland Bay Bridge Debt—In a brochure pre pared on current developments as '• bid pne Los Angeles San port in part voters' election to be held California Toll Bridge Authority Early Retirement Foreseen on are mature West, City ceive Comptroller, will sealed bids until 12 re¬ required to present them to the noon Board of Education, City of Chi(EST), on Oct. 7, for the purchase Of $15,354,000 iy2 % interest bonds, icago, Room 356-228 North LeSallo divided as follows: Street, on or before Sept. 18, 1947, until 3 p.m. on Oct. 14 $7,750,000 school bonds. Due seri- ,in order that same might be veri¬ the purchase of $700,000 not i ally $310,000 on Sept. 1 from fied and interest computed so that J to exceed 3% % interest water and 1948 to 1966 inch, and $186,- for sewer tered 1947. cash warrants drawn , revenue coupon certificates. Interest or Dated J-D. regis¬ 1, June Denomina¬ 000 from 1967 to 1976, inch 2,600.000 traffic bonds. Due seri¬ ally on Sept. 1, $90,000 from on the City ^ Treasurer may be issued mont thf»rpr»f in pay- rx 52 THE (1300) Cook 2i/2s from 2.10% County Sch. Dist. No. 110 O. Chicago 38), III. reference to the (P. Bends Not Sold—No bids writers were received for the $500,000 building bonds offered on Sept 15—v. 166, 1099. p. The bonds dated are Bond Sale—The road Bank merce Louis, paying Trust dated Sept. This was The bonds 14, 1947, bonds is interest Co., are Bank of ex¬ Authorized ■ The ~ \ ;; $650,000 water • Bonds Voted—At tion the suance bonds, voters of ; 7 ■ Terril, Iowa Offering that G. Untiedt, E. — $30,000 water to the is¬ revenue j report. approved the issuance of works and fire station bonds. nomination $1,000. period of 16 date of issue. Due years The date of issuance said bonds and the rate of in¬ of received. of said bonds Town Clerk. The maturity dates on file with the are These authorized at bonds Bonner Voted—The a Bond Sale Details—In connec¬ $111,000 Dated Oct. for $27,000 as July 1, 1948 and $500 and July 1 from 1949 our 1957 inclusive. ' be in not multiples of -y4 of 1 %, and more named ^ Rate of interest to than rate-shall one by each bidder. The proving opinion of Ross, McCord. Tee & Miller. of Indianapolis, will be furnished* 1A certified check for $500 payable to the1 School . > "Township, is required. Terre Haute Park - ,?. ; v $200,000 park improvement bonds was purchased on -Sept. 23 by the Northern Trust Co.. of Chicago, and the Indianapolis Bond - -' District; Ind. Bond Sale—An issue of of Indianapolis, 100.781,.. bonds Share Corp., as iy4s, at 1.11%. The >jointlyv basis a are ^ $20,000 of dated Oct. 1, 1947. 13/4s, op. Jan. 1958. inclusive.; 1 from learn at sold of that 100.03, 1.727%. a the bonds were net interest cost The7bonds due are serially from 1948 to 1959 incl. Holyrood),Kan. Bonds Voted—At tion the voters a recent elec¬ said are to have approved the issuance of $120,000 school bonds, '7 7',..'7 1 Lcoville School District (P. O. Leoville), Kan. Bonds Voted—The $45,000. construction, approved cent ? . issuance bonds by the voters at of was a re¬ election. Plains - School v District Plains), Kan. (P. O. Indianapolis. offered , The the bonds purchasers at prices University T(P. O. Blocmington), Ind. Publicly Offered—A syn¬ City Secu¬ dicate composed of the rities Corp., Raffensperger, Hughes & Co., Inc., Kiser, Cohn & Shumaker, Inc., all of Indiana¬ polis, and Slade & McLeish, of 1947. Bonds Voted—It is reported that Rawlins , ' . Bond that an County , . . (P. Kansas O. ... a t . ,<5> serially, $39,000 1, 1943 to 1959, incl., and $120,000 3% bonds from July 1, 1949 to 1970, incl. Prin. and int. (J-J) payable at the Southern Deposit Bank, Russell¬ ville. Registerable as to principal only. These bonds are offered on when a r* W- and if bpsis, subject to the approving opinion of Chap¬ man^ Cutler, of Chicago. The $39,000 4 y4% bonds due July 1, 1948 to 1959, inclusive are as and 3% bonds Election —It is be will held op Sept. 30, to have the voters pass on the issuance of $50,000 addi¬ tional County Hospital bonds. (An issue of $150,000 bonds for the same approved cently by the voters.) purpose was re¬ 1967 will Kan. incl. also The bear entire f 1% on after July or 1;, y4 fraction 100 plus a premium of for each year, or Jefferson a Bond Water Offering—O. wold, Secretary, missioners, will bids until 10 the exceed 4% 1947. authorized of B. The the at fied check be held Nov. on Bonds Voted—At the voters Rayne, La. . bonds. ' , ' voters bonds, to White, Hattier Sahford, of New Orleans, at a net interest cost of 2.83%* Due serially from 1949 to 1977, inclusive. nue a 2.438%. Bond dated Nov. in The 1, 1946. bonds are Interest pay¬ Due Nov. 1 as follows: The $55,000 park bonds are due serially from 1949 to 1972, in¬ L. 2.345%. 1953 to Denomination able reve- as ' f • couoon Nov. -1,' 1947. follows: $400,^ 1955, incl. $1,000, RegisterPrinci¬ to principal only. as pal and interest payable in Baltic more. Bidders are required to in their bids the rate of in¬ name terest be to paid on the bonds. be a multiple of Separate bids will be received for each loan, and shall The rate must Vs of 1%. name but one rate of interest for bonds, were sold to a each loan. Bids will ;be received syndicate composed of the for the whole or any part of the Equitable Securities Corp.; amount offered.; i No bid of less Newman, Brown & Co., Kingsthan par and accrued interest will bury & Alvis, and Glas & Co., be considered. The bonds will be all of New Orleans, at a net sold subject to the approving interest'cost of on Co., Almstedt Bros., W. Lyons & Co., and Stein Bros. & Boyce, all of Louisville, as 2%s. at a price of 102.00, a basis of 000 in 900 Dated Due Nov. 1, as port (P. O. Bowling syndicate composed of the Bank¬ -r- p. follows: 85,000 bonds, made up of $55,000 park bonds and $30,000 air¬ ... Green), Ky., $24,000 as follows! 1957, 1962, from. 1903 to 1, $100*000 incl. v 1,200,000 . sixttr school . Sept. 1—v. 166, 1947, 1, 1967, . . „ &. election building revenue bonds offered Sept. 19, were purchased by , Sale-—The $325,000 bonds $240,000 water and electric Bond Sale—The $218,000 school about ! Nov. and have " sewer Warren County, ers to of $20,000 on coupon Nov. $75,000 from 1953 to $125,000 from 1958 to recent elec¬ said Dated bonds.. ; Bond will consider the authorization of $17,000 a are swimming pool bonds. , the 4 Due V ^ n recreation bonds. - \ follows: 1957, and $225,000 from 1958 for $2,500, , as to 1962, incl. 1,500,000 payable to the District, is required. .. an 8 opinion Ponchatoula, La. ■ ( Campbell, of New Or¬ leans, will be furnished. A certi¬ on Election—At Sept. 15, * coupon 15, 1947. Aug. 2,000,000 school equipment cou¬ pon bonds. Dated Nov. 1, 1947. Due on Nov. 1, as fol¬ lows: $175,000 from 1953 to A. sold Bond Oct. 1, from 1948 They are the approving Aug. on ■ , school Dated 2,500,000 stadium coupon bonds. Dated Nov. 1, 1947. Due on Nov. 1, as follows: $100,000 from 1953 to 1962, and $150,000 from 1963 to 1972, incl. im¬ 1, public follows: to, 195.7, to 1967, 1968 to as $750,000 in 1956 to 1959, incl. Denomination Oct. inclusive. 1967, bonds election. Due 14, for not to Dated Interest A-O. on Barne- Oct. on 1, Nov. fifth 3,000,000 coupon 1, 1947* Nov. Dated on bonds. $112,000 interest $1,000. Due to of bonds. provement offered < Works A. ^ seventh* sewer $100,000 from 1953 $200,000' from 1958 and $250,000 from 1977, incl. Board of Com¬ receive sealed a.m. purchase -i-were 4 Due 1% as 1953 to ,1957, 1958 to 1962, from 1963 to incl. ,;X'l bonds. Marrero), La. With numbering. of 1, from from $600,000 5,000,000 coupon coupon Parish turity date of the respective bonds maximum call, premium of 3%, "in inverse order of : their and 1967, District No. 3 (P. O. hereof to elapse between the re¬ demption date and the stated mar a - coupon 1947» follows: 1, Nov. 1 Nov. on $200,000 $400,000 from date of issue to Sept. 1, 1948. approved the issuance 1948 at able M-N. Stockton, Bond Election—The issuance of Sept. on Dated bonds. Due airport sixth $6,000,000 $11,000 in 2y4s; $47,000 1,' $11,000 in tion , - to ma¬ (EST), for the purchase of $21,200,000 bonds divided as follows: Oct. 1, 1958; as payment date Atwood), reported and 1960, turing July 1, 1949 to 1970. Jnclusive, are subject to redemption prior to maturity on any interest 1960; $31,000 in 1961 and 1962; $32,000 in .1963; $33,000 Evansville. made public offering $77,000 water softener and treat¬ in 1964 and 1965, and $34,000 in on Sept, 25 of $6,500,000 student ment plant bonds will be consid¬ 1966. The county will furnish the dormitorv first mortgage bonds of ered by the voters at an election approving opinion of Skaggs, 1947, as follows: to be held on Oct. 7. Hays & Fahey,of Louisville, to $2,500,000 2y4% bonds. Due Nov. Sylvan Grove School District, Kan. the purchaser without cost. 1, as follows: $100,000 from Bonds Not Voted—At an elec¬ 1951 to 1953 incl.; $200,000 in tion louisiana held recently an; issue of 1954 and 1955; $300,000, 1956; $216,000 construction bonds was East Baton Rouge Parish (P. O. $350,000 in 1957 and 1958, and not authorized by the voters. Baton Rouge), La. ■-77, $400,000 in 1959 and 1960. ! Bonds Not Sold—The only bid 4.000,000 2 y>% bonds. Due Nov. kentucky received for the $3,925,000 sewer 1. as follows: $425,000 from Kentucky Military Department j district bonds offered Sept. 18— 1961 to 1967 incl.; $475,000 in v. Armory Corp. (P. O. f 166, p. 899—was submitted by 1968, and $550,000 in 1969.' Frankfort), Ky. ' a syndicate composed of Walter; All of the bonds are dated Oct. Bond Sale—The $250,000 3y2% Woody & Heimerdinger, ProvL 1* 1947. Principal and interest first mortgage bonds offered Sept. dent Savings Bank; & Trust Co., (M-N) payable at the Indiana Na- 22 were purchased by a syndicate Weilt Roth & Irving Co., Seasontional Bank of • Indianapolis. composed of;the Bankers Bond good & Mayer, Fax, Reusch & Co.j Legality a p proved by Ross, Co., Almstedt Bros., Stein Bros. & all of Cincinnati,... A; M. SmithMcCord, Ice & Miller of Indiana¬ Boyce, all oft Louisville; W. C ] Wood Co~7t."j. Fiebleman &"Coj polis. <•' The underwriters, in re- Thornburgh & Co., of Cincinnati-»D'Antoni "& Co.,; Ernest M. Loeb offering the bonds, ■ priced- the .O'Neal, Alden & Co., of Louisx^Go., all of New • Orleans, Corn^ 2%s' to yield from 1.20% to 2%, ville; Russell & Long, of L.exirigT merce Umon Bank, of Nashvillei according to maturity, and the iton;X W^ter, Weod^ .;^ Reimer- Kalmam & Co., of St.: Paul, and1 » , receive City Treasurer,, will bids until noon her, 1961; $12,000 from 1962 to 1964 incl.; as 2V2S, and $39,000 matur¬ ing on Sept, 1, $13,000 from 1965 Due - . election 1957 and maturing bonds from July - ; on system ! i cessful bidders for general invest¬ ment. Denom. $1,000. Dated July to the voters ratified the issuance of to Trustees of Indiana Bonds election sewer - in 1959 . re- yield from 0.70 to 1.15%, according to maturity. ' 000 the Bros., and the Bankers Co., all of Louisville, joint¬ ly, are being offered by the suc¬ j ■- v . / to Seneca Vista (P.O. Louisville), Ky City Treasurer. Legality approved $125,000 improvement bonds at recent election. 7': r by Ross, McCord, Ice & Miller, of . general $460,000 non-callable Holyrood School District (P. O. to Principal and in- to interest —we : 1949 bonds Co!, of Wichita, l%s, and $84,000 as A-O., reported in Sept. 15 issue—v. 166, p. 1099 Due terest payable at the office of the - > improvement the Dunne-Israel , 7 ■ be ap- recent tion with the sale of the bonds. to a submit Russellville, Ky. 1, hospital on ap¬ Columbus, Kan. sealed bids until 4 p.m., Oct. 3 for the pu^base of $9,000 not to ex¬ ceed 4 Vi % interest sch. 1 4, to bond issue. 4y4% Bond Offering-—Leland Arend, Township Trustee, will receive of was Township School Township, election. (P. O. Eminence), Ind. 1, 1947. Inter¬ Denomination $500. Due Nov. the at pre¬ on Bond issuance bonds proved by the voters at building City Council is said to have adopted a resolution calling for ordinance a Sept. 1, $8,000 in 1949, and 1950; $9,000 from 1951 to 1954 incl., $10,000 in 1955 and 1956," as 2s; $42,000 maturing on Sept.. 1, $10,* — The an sold-for were of $10.00, equal to 100.005, follows: $72,000 maturing on ' ' _ sealed Almstedt Springs, Kan. reservoir $90,000 Adams Contemplated bonds • Offering—John J. Ghing- Bond as Richmond, Ky. voters maryland Baltimore, Md. ... 900—we learn that p. $3,-* and $4,000 from 1958 to 1962 inch Legality approved -by Verrill, Dana, Walker, Philbrick & Whitehouse, of Portland. ♦ mium i , were kansas ' INDIANA the general ; • Election Bond election held on an November v 166, sue—v. Bonds Offered to Public —The May 28. A certified check for revenue $500, payable to the Town Clerk, $159,000 coupon sewer bonds that were is required. purchased re¬ < cently by Stein Bros. & Boyce, Bonds Jan. the ■; - De¬ serially from the $35,000 road bonds. on $400,000 municipal airport bond issue will be placed on the will receive; sealed ballot at until i p.m. on Oct. election. 6 for the purchase of $14,000 water from & Smith, of New Or¬ leans, at a net interest cost of 2.52%, reported in our Sept 1 is-* reported the York The bonds 15,■ 1947. Due 1948 to 1957 incl., dated Aug; Baudean is a Clerk, over a It Sale improvement bonds to a syndicate ..headed by Nusloch, Owenshoro, Ky. — O. (P. 2 Marrero), La. Bond of Louisville. Election No. at par, by National Bank, of Saco. purchased 000 $200,000 ; - District construction bonds was 2% sewer are public are Tuscola Twp. (P. O. Tuscola), III. Bonds Voted—-At a recent elec¬ tion the voters are said to have $500 notice Water Works proving opinion of Stites & Stites, tax." Town recent elec¬ a approved according est J-J. published Jefferson Parish connec¬ Bond Rosiclare, III. . interest payment date on 30 days' Orchard, Me. Bond Sale—An issue of $50,000 Old have to any Bond Citiy ' said 1, 1947. Due on April 1, approved the issuance of $875,000 Subject to redemption prior power plant revenue bonds by a to maturity in whole or in part; wide margin. in inverse numerical order on iowa revenue >/.. 7 maine recent elec¬ a are 1972. and open bids III. voters Details—In terest to be determined after bids ?• April the tion with the sale of the * Council is said to have passed an ordinance authorizing the issu¬ ■ tion by payment of principal and accrued interest, plus a premium of 4%. The cor¬ poration will furnish the legal ap¬ ance Monmouth. Rock Island. of are $8,000 in 1957. Interest A-O. Houma, La. Bonds Voted—At dated are 1, tional bonds. bonds 104.00, a basis only bid for at Indiana* except the state inherit¬ 102.411, terest ance on Corp., issue. and all other taxes in the State of Principal and annual in(Jan.) payable at the Na¬ Bond interest the exempt from fed¬ these all incl. . of empt, under existing laws, regula¬ tions and rulings-, from the in¬ tangibles tax, gross income tax, of St. The bonds of 1947. Due Jan. 1, $7,000 from 1950 to 1953, and $8,000 from 1954 to 1959, • date ion of counsel, the principal $nd follows: as under and inclusive, 1956 to 1954 dinger, Pohl & Co., Hill & Co., McDougal & Condon, of Chicago. Weil, Roth & Irving Co., all of The offer, specifying a 3y4% Cincinnati, and the Equitable Se¬ rate, was rejected. of 3.261%. Revenue eral income tax, and in the opin¬ price of a basis of 1.375%. a v. & the "In the these bonds offered Sept. 22, were purchased by the Mercantile-Com¬ • follows; as curities March $76,000 1%% bridge'funds and With 29, 1947 Monday,- Ssptember FINANCIAL-CHRONICLE ternal Aug. Monmouth, III. mtefest 2.50%. to bonds, the under¬ & opinio* of counsel, based on the ruling of the Commissioner of In¬ 1, 1947. Interest J-D. Due serial¬ ly from 1950 to 1966 incl. V state COMMERCIAL clusive, and the $30,000 air¬ port bonds are due from 1949 to 1962, inclusive. The bonds are dated Oct. 1,1947. Interest A-O. The unqualified ap¬ opinion of Chapman & Cutler, of Chicago, to be furnished by the town. ' \ proving opinion of, Wood, King & Daw¬ City, the cost .; paid by the Mayor and City Council. A certi¬ of New York son, of which' will be fied check for 2% of the par value the bonds, payable to the of Mayor and required. the City Council, is Massachusetts! :i , Dcdhzm,, Mass. < Webster ; Parish School Districts ' (P. O. Minder), La. Bond Sale—The offered on —were sold $144,000 bonds Sept. 15—v. 166, p, 1099 as { t i Note Sale — The coupon notes aggregating $85,000, offeired ;fob sale on Sept. 23wv. 168, p. llOe-^ awarded-to were the Norfolk follows: County Trust Co.,_of Dedtiami, .as $80,000 Cotton Valley School Dis* Is, at a price of 100.469, a basis of trict No, 12, sold to the Peo¬ about ' 0.83%. The : notes 'are ples Bank & Trust Co.,. of divided as follows: $71,000 i street / Minder, as iy4s, paying a pre¬ construction, ; and $14,000 street mium of $25, equal to 100.031, construction. Dated Oct. 1, 1947. - • . =' Due on Oct. 1, in 1948 to 1952. In^ Sarepta School District terest payable: A-O. Runner-up in No. 35, sold to Weil & Co.. the bidding was Whiting, Weeks and Scharff & Jones, both of & StUbbs; offering 100.234 fbr'Is. New Orleans, jointly, paying ; Hamilton^Mass., Z ',. 1a premium of $15 equal-to a basis of 1.239%. 64,000 - -• - , ;; r - w , 100.023, a net interest cost of 1.905%, as follows: for $35,000 l%s, maturing $7,000 on Oct. 15, from 1949 to 1953 inElusive; -and $29,000 2s, ma~ turingJ$7,000 Oct. 15, from Bond; Sale—The v $33,000 water offered Sept: 22—v, 166, p, 1196 »«v — were purchased by •; R„ L, & C0., pf Boston, as 100.63* Va-* basis oi The bonds' are about dated Oct. 134^ at , h 155 %; 1, 1947*. 'Volume -166 interest A-O. THE. Number; 4633 Due serially from 1948 to 1962 incl. The next highest bidder — An issue of Street construction notes of Boston, as IV4S, at basis of about 1.16%. are dated Oct, 1, 1947. Due on Oct. 1, as follows: $8,000 from 1948 to 1952, and $7,000 from 1953- to 1957, incl. Runnerup in the bidding was Tyler & Co., offering 100.379 for iy4s. The a The notes Second National Bank of Boston followed, offering 100.31 for l%s. Bond Sale-—-The $350,000 vet¬ housing bonds Offered on Sept,25 were purchased by the Harris Trust & Savings Bank, of Chicago, as l^s, at; 101.389, a basis of 1,349%. The bonds are dated Oct.: 1, 1947. Interest A-O. Due on Oct. 1, as follows: $18,000 from 1948 to 1957: inclusive, and $17,000 from 1958 to 1967 in¬ clusive. Principal and interest payable at the First National Bank of Boston, or at the office of the City Treasurer.'The favorable 'opinion of Storey, Thorndike, Palmer & Dodge, of Boston, ap¬ proving the legality Of this issue ,to be furnished the purchaser without charge. The second high¬ est bidder was the. First National erans , . "Bank, Boston, for D/fcs, at 101.29. (P. O. East Cambridge), Mass, Note Offering — Charles P, Middlesex ;; ,' Howard, County County will Treasurer, receive sealed bids until 11 a.m Sept. 30, for the purchase at discount of $350,000 temporary .loan notes. Dated Oct. 3, 1947. on Due April 14, 1948. Denomination to suit the purchaser, but no note will be smaller than $10,000, The their by Storey," Thorndike, palmer & Dodge, of Boston* whose opinion will be furnished to the purchaser. The notes will be de¬ livered on or about Oct. 3, at the notes will be approved as to legality . Second N ational Bank of Boston, against payment in Boston funds, and will be payable at maturity at the above bank or the Chase Rational Bank, New York City. * Mystic River Bridge Authority, Mass. 4 . $27,000,000 Bond Offering Plan¬ by the Moseley Co., and Tripp & Co., all of New York, is scheduled to make public offering on Oct. 1 of an issue of ned—A syndicate managed First Boston Corp., F. S. & $27,000,000 bridge revenue bonds.The issue Will be dated 1947 and mature on March Sept. 1, 1,1980. Proceeds of the loan will be used in the construction Of a new highlevel bridge Kiver between town across an the Mystic cities of Charles- apd Chealsea, Mass. Walpole, Mass. bon school bonds postponed from Sept. 22 until Was Townships Oct. 22, The bonds are dated Oct. Consolidated School District 1, 1947. Denomination $1,000. Due (P. O. Gaines), Mich. April l,r as follows: $3,000 from Bond Election—An issue of $75,- 1948 to 1952, and $5,000 from 1953 000 gymnasium construction bonds to 1971, incl. Bids are to be in was voted at a special election even multiples of Vs of 1%. Prin¬ held on Sept. 20. cipal and interest payable at a place to be designated by the pur¬ Fruilport Twp. Sch. Dist. No: 5 chaser, subject to approval of the (P. O, Muskegon R. R. No. 6), Mayor and the Board of CouncilMich. Gaines Bond and Argentina school bonds offered Sept. 22, were purchased by S. R. Liv¬ ingston & Co., of Detroit, as 2s, paying a price of 100.062, a, basis L975%. The bonds dated Aug. 1, 1947. are the bonds author¬ ized at the election held The 5. will district on Aug. furnish the egal opinion of Charles & Trauernicht, of St. Louis; and will pay for tbe printing of the bonds. A certified check for $2,200, payable to the District, is required. / are Due $8,000 These men. Sale—The $40,000 of about on Nov. 15, from 1948 to 1952, incl. Principal and interest (M-N) Brookhaven, Miss. Bond payable at the Hackley Union Na¬ Bank, Muskegon. tional to be Election—At held on Oct. an election 13 the voters will consider the authorization of Marine City and Cottreville the following bonds: Township Frac. Sch. Dist. $495,000 school bonds. No. 1, Mich. 150,000 water works and sewage Bond Sale The $38,000 school system revenue bonds. bonds offered on Sept. 22—v. 168, 150,000 water works and sewage p. 1196—were purchased by H. V. system" general obligation Sattley & Co., of Detroit, as IV4S, •' bonds. paying a premium of $3.80, equal to 100.01, a basis of 1.246%. The Ripley, Miss. bands are dated June 1, 1947. Bond Sale Details—In connec¬ Interest J-D. Due serially from tion with the sale of the $30,000 — 1948 to ond inclusive. 1952 highest bidder ald-Moore & Co., The sec¬ was iy2s, water works and sanitary sewer improvement bonds to the Peoples Bank of Ripley, reported, in our Sept. 8 issue—v. 166, p. 998—we McDon¬ for at 100.03. Michigan (State of) Call State Highway Commissioner Charles M. Ziegler reports that various State of Michigan (Lansing, Mich.), Assessment County and Township District Highway -Improvement refunding bonds, totaling $174,000, are called for payment on Nov. 1 at par and accrued interest. These bonds, with all coupons appurte¬ nant thereto, should be presented to the paying agent as specified in Bond now learn sold as that follows: the bonds were maturing $1,000 on June 1 from 1948 to 1952 as 2s; $5,000 maturing June 1; $1,500 from 1953 to 1955 and $500 in 1956 as 2%-s; $4,500 matur¬ ing June. 1; $1,500 in 1957 and 1958 and $500 in 1959 as 2%s; $10,500 maturing June 4; $1,000 in 1959, $1,500 from; 1960 to 1962, and $1,000 from 1963 to 1967, incl., as 2%s; and $5,000 maturing $1,000 June 1 from 1968 to 1972 as 3s. The * bonds are dated June 1, Nov. 1, interest 1947. Interest J-D. Legality ap¬ proved by Charles &Trauernicht, — ^ opening of the NEBRASKA * $5,000 " Crete, Neb. Bond Sale—An issue of $110,000 hospital construction bonds was purchased recently by the WachOb-Bender Corp., of Omaha, l%s. as Bonds elec¬ Sept. 9 an issue of on $65,000 park improvement bonds did not carry. " Oakland Schoot District, Neb. Bond Sale—An is3ue of construction bonds $185,000 sold was phia Nat'l Bank, of .Philadelphia, Bramhall, Barbour & Co., of New York, Julius A. Rlppel, Incy of Newark, and Bartow Leed 3 Co.; of New York, purchased $2,631,000 as 1.70s, at 100.156, a basis of 1.629%. The bonds are dated Oct. 1, 1947. Interest A-O. Due seri¬ ally from 1948 to 1967 inclusive. The approving opinion 01 Wood, King & Dawson, to be furnished the purchaser. Hawthorne, N. A North Platte, Neb,. Not Voted—At an tion held 53 re¬ cently to the Robt. E. Schweser Co., of Omaha/as follows: $30,000 maturing on Sept, 1, $7,000 in 1949 and 1950, $8,000 in 1951 and 1952, as l%s; $42,000 maturing Sept. 1, $8,000 in 1953 to 1955, $9,000 in 1956 and 1957, as l%s; $47,000 ma¬ turing Sept. 1, $9,000 from 1950 to 1960, incl., $10,000 in 1961 and 1962, as 2s; and $66,000 maturing Sept. 1, $10,000 in 1963 hnd 1964, $11,000 in 1965 and 1966, and $24,000 in 1967, as 2ft* Dated Sept, 1, 1947. Interest M-S. Bonds maturing from 1958 to 1967, shall be optional on Sept. 1,1957, or on any interest payment date there¬ after, in inverse numerical order. Bond Offering Grillo, ceive — George Clerk, will Borough sealed bids until 8 V. re¬ p.m. (EST) on Oct. 1, for the purchase of $40,000 not to exceed 6% in¬ terest, emergency housing coupon or registered bonds. Dated Oct. 1, 1947. Denom. $1,000. Due $5,0001 Oct. 1 from on Redeemable in the 1948 to as a inverse whole order 1955 inch in part or of numbers at par and accrued interest on Oct. 1, 1952. Principal and interest (A-O) payable at the Peoples Na¬ tional Bank of Hawthorne. proposal must specify in tiple of ft or 1/20 of 1%, Each v mul¬ a single rate of interest which the bonds are to bear, and no proposal will be considered which specifies a rate higher than the lowest rate stated in any legally acceptable proposal. The successful bidder will furnished be with proving opinion of Delafield & of Wood a the ap¬ Hawkins, New York City, that the bonds are valid and legally, binding obligation of the Bonds Voted—At a recent elec¬ Borough. A certified check for tion the voters approved the issu¬ $600, payable to the Borough, is ance of the following bonds total¬ required. ing $165,500: $86,500 main trunk sewer line construction, and $79,Ridgewood, N. J. * Scottsbluff, Neb. Bonds 000 water works bonds. Bonds Defeated—At the same time the following proposals total¬ ing $155,000, were voted down: $120,000 Municipal Fire Depart¬ ment Building, and $35,000 gar¬ bage disposal plant bonds. Authorized—The Board of Commissioners passed recently an ordinance calling for the issuA ahee of $299,000 water department bonds. ■. : /■ / Spring Lake, N. J. Bond Sale—The $233,000 bonds offered on Sept. 8—v. 166, p. 998 —were purchased by B. J. Van InNEVADA gen & Co., of New York, and MacWashoe County (P. O. Reno), Bride, Miller & Co., of Newark, Nevada jointly, as 1.60s, at 100.059, a basis ;Bond Sale-r-The $400,000 county the bonds of about 1.59%. oiy or'before The sale consist¬ hospital bonds offered Sept. 15 1947, 5 on which date ed of: $142,000 street improvement —v. 166,. p. 1101—were purchased ceases. bonds, which mature serially by Halsey, Stuart & Co., and C. F. of St. Louis. from 1948 to 1967, inclusive, and Midland, Mich. Childs & Co., of Chicago, jointly, Bonds Voted—An issue of $22,$9 $000 sewer and equipment Wayne County, Bucatunna Special as l3/4s, at 100.079, a basis of 000 special assessment bonds was bonds, maturing serially from Consolidated School District 1.742%. The bonds are dated Aug. 1948 to 1952 inclusive. approved on Sept. 17 by the State (P. O. Bucatunna), Miss, 1, 1947. Interest J-J. Due serially The bonds are dated Oct.; 1,1947. Municipal Finance Commission. Bond Sale Details—In connec¬ from 1950 to 1967; inclusive. The Interest A-O. The second highest Paw Paw, Mich. tion with the sale of the $72,000 approving opinion of Pershing, bidder was Fidelity Union Trust Bonds Voted—At a recent elec¬ school bonds to the Max T. Allen Bosworth, Dick & Dawson, of Co., Newark, and Julius A. Rippel, tion the voters approved the is¬ Co., of Hazelhurst, reported in our Denver, to be furnished. Inc., jointly, for 1.65s, at 100.156. suance of $80,000 sewer system Sept. 8 issue—v. 166, p. 998—we Washoe County, Sparks Sch. Dist. revenue bonds by a wide margin Vineland, N. J. learn that the bonds were sold No. 28 (P. O. Sparks), Nev. Bond Sale The $100,000 elec¬ jjyhitehall School District (P. O. at par, and mature $3,000 from Bond Sale—An issue of $400,000 tric light plant bonds offered Sept. June 1, 1948 to 1971 incl. The Whitehall), Mich. building bonds was purchased by 15 v. 166, p, 1101 —♦ were dated June pur¬ 2, 1947. Bonds Voted—At a recent elec¬ bonds are the First National - Bank of chased by the Vineland National tion the voters approved the issu¬ Legality approved by Charles & Nevada, of Reno, as 3s, paying a Bank & Trust Co., and the TradeTrauernicht, of St. Louis. ance of $355,000 building bonds. premium of $1,586, equal to 100.- men's Bank & Trust Co., both of MISSOURI 396, a basis of 2.96%, Vineland, jointly, as 1.10s, paying MINNESOTA a price equal to 100.077, a basis of NEW JERSEY Belle Creek Township (P. O. Kirk wood, Mo. about 1.085%, The bonds are . i . . , — — , ' "1 Goodhue), Minn. Bond Sale Details-^In Bond connec¬ of Election — The issuance Note Offering -—Herbert W. Bewis, Town Treasurer,! will re¬ road and bridge bonds to the First ceive sealed bids until 5 p.m. on National Bank, of Cannop Falls, Oct. 2 for the purchase of $175,000 as iy2s, reported in our Sept. 15 highway construction and sewer issue-r-v. 166, p. 1100—we now learn that the bonds were .Sold at coupon notes; Dated Oct. 1, 1947. Denomination $1,000. Due Oct. 1, a price of par. Due $3,00Q from as follows; $18,000 from 1948 to Oct. 1, 1948 to 1957, incl. Interest Marshfield, Mo. Bonds Voted—At a recent elec¬ tion the voters approved the issu¬ ; 1952, inclusive, and $17,000 from payable A-O. ance of $60,000 water system 1953 to 1957, inclusive. Bidder to Marshall County (P. O. Warren), bonds. * ' name one rate/ of interest in a / ' ■ Minn. i ; .multiple of % Of,l%. No bid for Bond Sale —The $90,000 drain¬ St. Louis County (P. 0« less than par and accrued interest. .. ... •• . ' • , Bergen County (P. O. Hackensack), N. J., • Bonds Authorized—At a meet¬ the following bonds,, totaling $750,000, will be submitted to the voters for approval at an election scheduled for Oct. 7: $120,000 water system, and $630,000 sani¬ tary sewer system bonds. tion with the sale of the $30,000 dated Oct. to 1957, 1, 1947. Due from 1948 inclusive,, Interest A-O. The second highest bidder was Board of County Free¬ Stroud ,& Co., and MacBride. Mil¬ holders passed on final reading an ler & Co.', jointly, for 1.15s,! at ordinance calling for the issuance 100.17. of the following bonds aggregat¬ NEW YORK ing $1,253,000: $1,153,000 for vot¬ ing machine purchase, Bergen Amityville, N. Y. Pines Hospital, sewage disposal, Bond Election—The issuance of bridges and culverts, and $100,000 $37,000 playground bonds will be ing the Vocational School bonds. .. Brigantine, N. J. Report Issued on ; Default Status submitted to the voters at an elec¬ tion scheduled for Oct. 23. Brookhaven and Smithtown Union age repair bonds offered op Sept. Clayton), Mo. —This city is listed as being in Principal and interest payable at 24 were Free School District No. S purchased by the AllisonBond Sale—The $225,000 health default on! $1,326,123.44 prin. and thO. Day Trust Co., Of Boston. No (P. O. Lake Ronkonkoma), Williams Co./ of Minneapolis, as center building bonds were pur¬ $1,286,978.75 int. due on bonds as New York telephbne. bids will be accepted. 1.10s, paying a premium of .$31, chased by., the City National of June 30, 1947, in a report re¬ :Del(very will be made at the Day equal to 100.034, a basis, of 1.09% Bond Sale—The $325,000 build¬ Bank & Trust Co., of Kansas City. Trtist pp., of Boston, against pay¬ The bonds are dated lating ; to the current financial Sept. 1, 1947. ing bonds offered Sept. 22—v. 165, position of New Jersey counties p. 1197-s-were purchased b.v a ment in Boston, funds. Due on Jan. 1 as follows: $15,000 MONTANA and municipalities, prepared by in 1949 and syndicate com nosed" of Roosevelt 1950, and $20,000 Beaverhead MICKldAN County School District Walter R. Darby, Director/Divi¬ & from 1951 to 1953 inclusive. The Cross, of New York, Marine No. 34 (P. O. Dillon), Mont. sion of Local Government, .De¬ Commerce Trust Co., of Buffalo, R. D. White Township Fractional approving opinion of Dorsey, ColBond Sale — The $3,500 con¬ partment of Taxation and, Fi¬ & Co., and Vostal, Hall & Co., .Sch. Dist. No. 1 (P. OJ, Walled man, Barker* Scott & Barber, of nance. " both of New York, as 1.70s, at I ; l,ake),,Oakland County, Mich, : Minneapolis, will be furnished the struction bonds offered Sept. 15 v. 166, p. 1101—were purchased by 100.42, a basis of 1.65%. The Note Sale—We are informed purchaser. Essex County (P. O. Newark), the State Bank & Trust Co., of bonds are dated Sept, 1, 1947, In¬ New Jersey that $80,000 tax anticipation notes Winona, Minn. Dillon, as 2s. The bonds are dated terest 'M-N. Due serially from Bond Sale — Of the $2,635,000 Bond Election—The City Re¬ June were purchased recently by Wat1948 to 1967 inclusive. The ap¬ 15, 1947. Interest J-D. road, county building and altera¬ corder states, that a special elec¬ proving- opinion of Vandewater, Jing, Lerchen & Co., of Detroit, as Great Falls, Mont. tion bonds offered on Sept. 22— tion will be held on Nov. 3, to Sykes & Heckler, of New York -l3/4s, at a price of 100.0025, a basis have the voters pass on the issu¬ Bond Election—The City Clerk v. 166, p. 1197—a syndicate com¬ City, will be f urnished to the pur¬ <>f about 1.749%. Due $40,000 .oh ance of $200,000 municipal^ swim¬ stateSi itbat. at the general elec¬ posed, of J. P. Morgan & Co. Inc., chaser. tion qmNov. 4, the voters will be of N. Y., Drexel & Co., Philadel¬ ming ppol construction bonds. April 1, in 1948 and 1949i . , . proposed issuanpemf $1,300,000 sanitary and storyi sewer system revenue bids for the $110,000 Sept. 29. on coupon Lynn, Mass: ; * the voters at election to be held hurricane the (1301) asked to7 pass: upon the Bond Offering Postponed—Due to was pur¬ chased recently by Hornblower & Weeks, 100.44, Detroit), Mich. be submitted to $75,000 CHRONICLE Biloxi Municipal Separate Sch. Dist., Miss. , $255,000 construction bonds will Lexington, Mass. Note Sale . Bond Election—The issuance of {Salem, for l%s, at 100.04. , East Or & FINANCIAL MISSISSIPPI Twps., Frac, School District No. 2 (P. Naumkeag Trust Co., was Warren and Erin COMMERCIAL , 54 * ' >"v THE (1302) COMMERCIAL bonds from 1948 A-O. Due 1, 1947. on incl. Interest The basis of -about The approving opinion of Vandewater, Sykes & Heckler, of New York City, will be furnished to the pur100.14, to approving opinion of Vandewater, Sykes Heckler, of New York City, will be furnished the purchaser without cost. of 1.161%. The dated Aug. 15, 1947. p. 902 — were purchased by the Bank of North Dakota, of Bis¬ marck/ The bonds are dated July Due 1, 1947. ' Interest J-J. Due serial¬ ly from 1949 to 1966 inclusive. New Hyde Park, N.Y. Ottering — Henry are on inclusive, Vandewater, New York City, will be furnished the pur¬ sealed receive bids until 11 a.m. '* & Heckler, of Sykes 100.12, at Cambridge, Ohio highest bid that of second The iy4s, The cost. bonds (EST) on . land Corp., both of Cleveland, and Fox, Reusch & Co., of Cincinnati, paying a premium of $1,314, equal to 100.438, a net interest cost of 1.874%," as follows: for" $181,000-' l%s, maturing $6,000 April and Oct. 1 from 1948 to 1962, arid $120,~ 000 2s, maturing $6,000 April and Oct. 1, from 196J to 1972. .interest OHIO ■ Note . Sale—Tne $74,000 special improvement A-o. ;. ■ 15—-v. 168, p. Maple Heigh's, Ohio )■ 1102-7-were purchased by StranPotsdam and Norfolk Union Free Bond Election—The issuance of ahan, Harris & Co., Inc., of Toledo School District No. 1 $7C0,0C0 sewer construction bonds as Is, paying a price equal to will be submitted to tne voters at (P. O. Norwood), N. Y. 100.11, a basis of about 0.94%. The the Bond Offering—E. J. Mulholgeneral election to fc>e held on. bonds are dated July 1, 1947. Due Nov. 4. land/District Clerk, will receive ' : oh July 1, 1949. Interest payable sealed bids until 3 p.m. on Oct. J-J. Stark County (P. O. Canton), The second highest biddei 15 for the was assessment the State Bank of Albany. notes street . offered Sept. 30 for the pur¬ chase of. $118,750? not to exceed a^e due serially from 1948 to 1957 5% interest, public improvement inclusive. coupon or registered bonds. Dated Sept. 15, 1947. Interest M-S. De¬ Chester, Pottersville Water Dist. nomination $1,000 and one for purchase of $12,400 not (P.O. Potter sville), N. Y. wqs the, Provident Savings Bank Bond Sale —The $45,000 water $750. Due on Sept. 15, as follows: to exceed 2%% interest, coupon & Trust Co., of Cincinnati, for registered building - bonds. system bonds offered Sept. 22— $10,750 in 1958, $11,000 in 1949, or iy4s, at 100.03. v. 166, p. 1197—were purchasec $12,000 in 1950 and 1951, $13,000 Dated Nov. 1, 1947. Interest M-N. Columbiana Exempted Village by the Union Securities Corp., of in 1952, $7,000 in 1953 to 1955, Denomination $1,000, one for $l,-: New York, as 1.90s, at 100.14, School District (P. O. $6,000 in 1956 and 1957, $5,000 in 400. Due on Nov. 1, as follows: basis of 1.891%. The bonds are 1958 to I960, and $6,000 in 1961 $1,000 from 1948 to 1952, inclusive, Columbiana), Ohio dated Sept. 15, 1947. Interest M-S. and 1962. Rate of interest to be $2,000 from 1953 to 1955, inclu¬ Bond Election"— The Superin¬ Due serially from 1948 to 1987 in¬ in a multiple of l/10th or % of sive, and $1,400 in 1956. The tendent of Schools states tnat. ai without choser Sept. of opinion proving for Bond A. Schroeder, Village Treasurer, will basis a chaser. a Dated Sept. 15,1947. 1.37%. 1956 Oct. 1 a Monday, Ssptember 29, 1947 Aug. 15 from 1948 to 1957, interest F-A. The ap¬ dated Oct. Bond Sale—The $10,000 fire ap¬ price of premium Of $72.55, equal to 100.213, paratus bonds offered on Sept. 15 —v. 166, p. J101-—were purchased by Geo. B. Gibbons & Co., Inc., of New York, as 1 40s, paying a : ing premium of $150, equal to 100.13, a basis Of 0.95%. The bonds are Chester, Blooming Grove and Goshen, Chester Fire District (P. O. Chester), N. Y. FINANCIAL CHRONICLE & , , Ohii " . ' The second highest bid¬ clusive. der for Newburger, Loeb & Co., 2.10s, at 100.95. was Cortlandt, (P. O. Cronton-On ■ Hudson), N. Y. 'Bond Sale — The $3,300 water main bonds offered on Sept. 15 I v. 166, p. 1101 — purchased were by the Peekskill National Bank & Trust Co., of Peekskill, as l%s, at price of par. The bonds are dated Sept. 15, 1947. Interest J-D. Due serially from 1948 to 1953 in¬ a clusive. ■ w.,->; ; (P. •O. Lake), fit Y. Bond Sale—The $156,000 airport of 1947 bonds offered Sept. 22 Harriettstown Saranac v —v. 166, p. 1197—were-purchased by the State Bank of Albany, as 1.20s, paying a premium of $30.61, equal to 100.019, a basis of 1.196%. $118,000 air¬ 1%, and must be tlje same for all Principal and interest at able payable at the Chase National Bank, New York City. The bonds will be valid and legally binding interest general obligations of the village, all the taxable real " property within which will be subject to the levy of ad valorem taxes to pay the bonds and interest there¬ on, without limitation as to rate amount. or The bonds will be de¬ livered at New York, N. callable are the bonds. interest and par redeem¬ and payment any on prior date - to for all same No bids will bonds. for the be must of be accepted Bond Offering District — urer be Ellis M. Mace, will Treasurer, receive sealed bids until 11 a.m. (EST) on Oct. 7 for the purchase of $18,- " the to that states held of an Oct. on 28, to have the the proposed issu¬ voters pass on ance City Treas¬ election' will $2,500,C00 Fahey, Clark & Co.; for was l%s, at 10Q.63. ; : : : Bond Election — municipal will voters' be Greens Municipal An issue submitted of systen. the for the at series B bonds, due by; general School District Troy), Ohio Troy Election Bond — bond construction (P. O. \ .An $890,000 issue > will be submitted to the voters at the gen¬ eral election to be held on No^. Election Bond — issue An of $70,000 incinerator, equipment and building bonds will be sub¬ mitted for approval the at gen¬ eral election to be held on Nov. 4. Youngstown, Ohio Bond Sale—The $185,000 bonds Sept. 1—v. 165, p. 902—' purchased by Halsey, Stuart offered were on & Co. Inc. of sale M^s, paying a price basis of about 1:405%. as 100.628, a consisted of the follow-. $93,000 refunding bonds. Due $9,000 from 1952 to 1959, inclu•sive. gen¬ 72,060 * * • equipment bonds. Due from 1949 to 1954, inclusive. 20,000 street opening and exten¬ County (P. O. Xenia), sion bonds. Due from 1949 to Ohio $38,000 airport of 1947 Building bonds. Bond Election —At the general serially from election to be held on Nov. 4 the Durham, N. C. 1948 to 1957, inclusive. The bonds 300 not to exceed 5% interest cou¬ Bond Election—The issuance of voters will be asked to pass on the are dated June 15, 1947. Interest pon or registered bonds, as fol¬ Issuance of $950,000 $1,750,000 water system bonds will, proposed J-D. The second highest bidder lows: was the Marine Trust Co., Buf¬ $13,000 series B, 1947 bonds. De- be submitted to the voters for ap¬ county hospital bonds. falo, and R. D. White & Co., jointnomination $1,000. Due Sept: proval at an election scheduled for Hamilton, Ohio sive, and 4 election. Nov. 4. on construc¬ considered the Nov. at ing: water consideration eral election house court voters The Glenmont, Ohio bonds the Wapakoneta, Ohio ly from 1948 to 1957, inclusive. In¬ terest A-O. The next highest bid¬ der $2,000 000 tion bonds will be ' • dated Sept.,1,1947. Due serial¬ are $10,000 Bond Election—The , submitted Forest, Ohio Bond Sale —The $16,000 water ' Charlotte, N. C. York be voters for approval. i : NORTH CAROLINA village, is required. New will , maturity or at less works bonds offered Sept. 15—v. than par value of the bonds. Prin»cipal and interest payable at the pL66, p. 1102—were purchased by J. A. White & Co., of Cincinnati, State Bank of Norwood. The bonds as 1 y2st paying a price, of 100.459 will be delivered at the office of a basis.of about 1.41%, The bonds the District Clerk on or about separate certified check for $2,375, payable Niskayuna Fire District No. 2, bonds the, Y., or at be agreed Nov. 1, 1947, and the purchaser with the purchaser about ;Oct. 15, will be notified when the bonds 1947. The approving opinion of are ready. A certified check for Vandewater, Sykes & Hecker, of $248, payable to the district, is New York City, will be furnished required. to the "purchaser without cost. A to the the general election to be held on Nov, 4, the issuance of $335,000 site purchase and construction maturity. Rate of interest to be in a multiple of 14 of 1%, and such other place as may The sale consisted of port of 1947 series A bonds, due serially from 1948 to 1957, inclu¬ bonds : i - Bond Election—The issuance of ; 1958, inclusive. second highest bidder was Blair & Co., Inc., for lV2s at a price of 100.54. The OKLAHOMA . * , . • 4 .r. • .. „ ^ ■ v v / ' ly, for iy4s, at 100.10. ; y 15 ' * and ' HastingS'On-Hudson, N. / Bond receive — Y. bids until sealed $2,000 in 1948 and $3,000 from 1949, 10 5,500 series A, nom. ; $500. Bond 1947 bonds. De¬ Due Sept. 15 as as may be agreed upon with the purchaser. The approving opinion of Cald¬ $370, payable to required., ." the 000 quired.^ Sept. Hempstead Union Free Sch. Dist. awarded 7 Sale—The $70,000 build¬ bonds offered on Sept. 18, were purchased by the First Na¬ tional Bank, of Bellmore, as 1.40s, paying a price of 100.271, a basis Bond ing 1.345%. The bonds are dated Jan. 1, 1948. Due on July 1, $6,000 in 1949; $9,000 from 1950 to 1956 inclusive, and $1,000 in 1957. Principal and interest (J-J) payable at the as follows: First National The next Bank Second National Co., Hempstead, of of Bellmore. highest bidder Bank for was & the Trust 1.40s, at 100.035. $115,000 public bonds offered on ♦.Sept. 22 —v. 166, p. 3198 —were purchased by the National Bank of Middletown, as Is, paying of the a and sive. are mature dated Sept. serially on until, the 17 'for tre. ■ North Carolina Not not Voted—The authorized County at the ; (P. O. Sept. .// T'"..:*? Bonds Voted held At — J. ~ ; election an Sept: 16 the on '' Greenville), North Carolina voters are said to have approved the issuance of $452,000 hospital bonds. Winston-Salem, N. C. Bond Election — election to be held : v (P. O. Orchard Park), N. Y. Bonds Voted states — that Sept. at At the on > genera] Nov. 4, the ' NORTH DAKOTA an election 9, Henry, N. Sale—The Y. $34,000 street improvement bonds offered Sent. 15---V. 166, p. 1102—were pur¬ chased ' Bond purchase of $1,000,000 tion ing at follows:. as were . . 1950 to 1953, as l3/4s, $120,00D maturing $20,000 in 1954 t».< 1959, as XV2S, and $82,000 ma¬ turing $20,000 in 1960 to 1963, and $2,000 in 1964, as l%s. 50,000 water works bonds, divided $20,000 maturing $4,000 ' * 1;-1957, payment mium of 2% 100.03, - 1.64%, learn that the bonds $282,000 sanitary sewer and dis¬ posal plant bonds, divided $80,000 maturing $20,000 in " Oct. First National Bank net interest cost of about sold Oct. 1, 1958, and thereafter redeemable as a whole or in part in Their inverse numerical on connec¬ $372,000 Co., of Oklahoma Citv. at we now on interest Sale Details —In bonds to the are, order Okla. with the sale of the & Trust a 1970, and $55,000 in 1971, all inclusive. Bonds matur¬ date or any on in thereafter if called thereafter 1950 to 1954, as l%s, $20.maturing $4,000 in 195S 1959, as Vks, and $10,000 maturing $4,000 in 1960 and[ 1961, and $2,000/ in 1962, as 000 to f 1 or before Oct. 1; 1966; and / l%s. V' 40,000 fire equipment bonds, di-' premium of. 1 % of par if vided $15,000 maturing thereafter pribr to mature $3,009: in 1950 to 1954, as l3/4s, $15,ity. Rate of interest to be in 000 maturing $3,000 in 1955 ta multiples of y4-of 1%. Principal 1959, as 1V2S, and $10,000 traand interest payable at the office of the .-City Treasurer. ; turing $3 000 in 1960 to 1962, The apand $1,000 in 1963. : ; ' / roving opinion of Peck, Shaffer Williamof Cincinnati^ will be Maysville, Okla. furnished the purchaser without Bond Offering—G. F. Copeland, cost. A certified check for $25,000 Town Clerk, will receive 'sealed payable to the City, is requiredbids until 2 p.m. on Oc?t. 3 for. the Kirtland Township Sch. Dist., Ohio purchase of $48,500 not to exceed Bond Election An issue ot 6% .interest bonds, as follows: $230,000 construction bonds will $45,000 water works bonds. ; i and on plus a . . ■ . . - 1 — . . be submitted to the voters at the general election by the Citizens National Bank, of Port Henry, as 1.20s, pay- r,f** * "N. Dak. Bond Bond * Offering—H. L. Mitchell. District Clerk, will receive sealed bids until 2 p.m. on Oct. 6 for the on Lorain, Ayr Schocl District No. 72, The District the voters ap¬ proved the issuance1 of $1,375,000 construction bonds by a twothirds majority. . on Bond Oct. from 1967 to Orchard Park, Central Sch. Dist. held on interest, plus a premium of 3% of par if called on or before Oct. 1, 1961; plus a pre¬ high bid of 100.152 the proposed issuance of $4,000,000 for 1.10s was made by the South Water system bonds. ' / ;vv Shore Trust Co., Rockville Cen¬ Clerk noon/ (EST) at par and accrued County (P. O.\Sanford), voters will be asked to pass upon Second ' ■ National Sept. 15 from 1948 to 1952 inclu¬ ... ,4t;(2gX!' Second The bonds 1947 ' t-.'t ■ -J!" ' \ McDaniel Lewis & Co., for $11,000 2%s, and $4,000 ;2y4s, at 100.031,; of Hempstead, as Is, at a 100.057, a basis of about » Bond Sale—The improvement orice 0.978%. bids Reno, . to Port Middle***wn. N. Y. (M-S) payable in New York City. The second highest bidder was Pitt 1198—was p. 1, 1958 to 16 election. $26.bonds offered purchase 24 —v. 166, of 15, issue land Bank (P. O. Bellmore), N. Y. of about Sale—The Buechner, purchased 1964, inclusive, as 2y4s. The bonds are dated Sept. 1, 1947. Principal and interest Lee El City Manager, will receive sealed $15,000 water Sept. 22—v. ,166, » Westbury), N. Y. Bond Bond Offering—F. R. $50,000 county airport construction bonds - Hempstead Union Free School District No. 1 (P. O, purchaser without charge. A certified check' for $450, payable to the Village, is re¬ Hu. March Bonds District, is on 1198—were were Trimble & Mit¬ chell, of New York City, will be ■, by the not to -exceed 3% interest first watel, works revenue National Bank of Alamanche, of mortgage Graham, paying a premium of $5, bonds. Dated Oct. 1, 1947. Interest equal to 100.033, a net interest, A-O. Denomination $1,000. Due cost of 2.162%, as follows: For On Oct., 1 as follows: $30,000 from $8,000 maturing $1,000 March 1, 1950 to 1953; $35,000 from 1954 to 1956; $40,000 invl957 and 1958; from 1950 to 1957, inclusive, as 2s. and $7,000 maturing $1,000 "on;1 $50,000 from 1939 to 1966; $60,000 p. North well,; tMarshall, furnished the ' Sale—The bonds offered follows: $1,500 in 1948 and a.m.J(EST), on Sept. 30, for the $1,000 from 1949 to 1952 incl. purchase of $27,000 not to exceed Dated Sept. 15, 1947. Interest 5% interest, street improvement, M-S. Rate of interest to be in sewer system and equipment cou¬ multiples of 1/10 or.% of 1%, and pon or registered bonds. Dated must be the same for all the Oct. 1, 1947. Denom. $1,000. Due bonds. Principal and interest pay¬ on Oct. 1, as.follows: $4,000 in 1948; able at the Schenectady Trust Co., $5,000 in 1949, and $6,000 in 1950 of Schenectady. The bonds will tp 1952. Rate of interest to be in be delivered at New York, N. Y., a multiple of 1/10 or y4 of 1 %, or at such other place as may be aqd must be the same for all of the agreed with the purchaser, about, ybonds. Principal and interest (A- Oct. 20, 1947. The approving opinO.) payable at the County Trust ion of Vandewater, Sykes.& Heck¬ Co., Hastings - on - Hudson. The ler, of New York City, will be bonds Will be delivered on or furnished to the purchaser with¬ about Oct. 14, in New York City, out cost. A certified check for of at such other place V.. ' Graham, N. C. 1950 to 1952 inclusive. William J. Clerk-Treasurer, Village Neely, will Offer ing Oct. 4. follows: as Election Nov. 4. < at Ohio — An h aiFo t improvement bonds -will be submitted for ap¬ $750,000 proval at the of Surrey School District \ •" N. Dak./ Bond Sale — bonds offered No. The $24,000 on Sept. 41, school 1102—were purchased by a syn¬ dicate composed of Stranahan, p. Harris ?Co,," vlnd./V of election of general election on Nov.-4. / "i' $$,000 school bonds.: Denomination $500. Due $509 on I Mansfield, Ohio Nov. 1 from ,1948 to 1983 incl. A ■\ Bend Sale—The $300,000 water certified check for 2% of the bid works first mortgage revenue is required. bonds offered on Sept. 15—v. 166, purchase the / issue Toledo; Co., First Cleve¬ . 3,500 fire dept.; bonds. :\ ■ ; These are the bonds authorized. ; held on Sept. 9. Miami., Okla. n Bond Sale Details — In connec¬ tion with The sale of the $651,000 > bonds to a% syndicate headed by the First National . Bank & Co., of Oklahoma City; at interest cost of about, ported in 166, 1103—we p. the bonds $405,000 our were water Sept. a 1.60%, 15 now Trust net re-: issue—v. learn that sold'as follows: "works ' extension: and improvement bonds, divided $62,000 maturing $31,009 . ■4' THE Number 4633 "Volume 166 COMMERCIAL & FINANCIAL CHRONICLE SOUTH CAROLINA Oct. 1 in 1950 arid 1951, asj New York'/ Fidelity Union Trust Co., of/Newark, Green, Ellis & 1952 to 1959 AndoTson, Of New York, E. W( •inclusive, as lVzs, and $95,000 Clark - & Co., of Philadelphia, maturing Oct. 1, $31,000 inRattle-First National Bank of on $31,-J, XW4s, $248100 maturing (P. O. Charleston), S. C. 1960 and 1961, and $3o,000 in geattle, Brahihall, Barbour & Co., l962j as 1%S. Z I1 of NOW York. Trust Co. of Georgia, Of AtlariBQ,G0O electric light extension v a, Schmidt, Poole & Co., W. H. bonds, taking $12,000 matur¬ Co., Biddle, ing $6,000 Oct. 1, in 1950 and NOwbold's, Son & 1901, as l%s, $48,000 maturing Wheleri & Co.* all of Philadelphia, Tucker, Anthony & Co., of New $6,COO Oct. 1, from 1952 to Zi959 inclusive, as l%s, and YO£k, Moore, Leonard & Lynch, • $20,000 maturing Oct. 1, $6,- of Pittsburgh, : Mercantile Trust ; ■; .000 in 1960 and 1961, and $8,- Co»> of ~ Baltimore, Francis L1000 in 1982, as l3As. duPOnt: & Co., Mackey, Dunn & 59)000 fife station and equipment Co.) both of New York, Elkins, " .tonds, taking $3,COO maturing If orris & Co,, of Philadelphia, F. r $4,000 Oct. 1, 1950 and 1951, S. ".Sihithers & Co., of New York, : as 1%'s, $32,000 maturing $4. Arthurs, Lestrange & Klima, of ~t 000 Oct.. 1, from 1952 to 1959, itislftirgh, Ellis & Co., of Cincin¬ "* as 1%'s, and $19,000 maturing nati, Sheridan, Bogan Co., Wurts, I Oct. ir $4,000 in 1960 to 1962 Dulles & Co., Aspden, Robinson & inclusive, and $7,000 in 1963, Co., Hess & Co., all of Philadel¬ V •- as l3/4s.*. • .j i4' / phia, Warren W. York & Co., pf 55,0CO park site and improve¬ Allentown, Phillips, Schmertz & ment bonds, taking $8,000 maCo., of Pittsburgh, and Williams c* luring $4,000 Oct. 1, 1950 anc/ R, Compton & Co., Inc., Of New 1951, as l34s, $32,0C0 ma-ur- York, as l%s, at 101.6899, a net ing"$4,0C0 Oct. 1, from 1952 t interest cost Of 1.27559%. The bonds are dated Oct. 1, 1947. In¬ "1959, inclusive, as 114s, an $15,000 maturing Oct. ~1/$4,C6 terest A-O; Due $2,000,000 from in I960 and tool, and $7,CO Oct. 1, 1952 to 1976, incl. The pur¬ in 1962, as l%s. .••• chaser will be furnished the legal ; ' I voters for 1%% water ; works system rev- Said bonds Will be callable sive, Sept. 1,1948, or on any subse¬ quent interest payment date, as provided by the law. The. bonds are approved as to legality by Huger:Sinkler of Charleston. on , . . results in the lowest interest cost combined public utility systerti purchased by Revenue bonds was , R. S. Dickson & Co., of Charlotte, 100.065, a net interest cost of about 2.385%, as follows: $64,000 riiatut-ing on Aug. 1- $4,000 frorh 1948 to 1953, inclusive; and $5,OOu at . " - from . 1961 to 1954 inclusive, Qpinion v' of) into consideration ; in executed bonds, purchaser. A check for 2 % of the Chicago, and without cost to the certified bonds, payable to the City Treas¬ urer, is required. Bonds Voted—At as a recent elec¬ tion the voters approved the issu¬ ance of $150,000 bonds to be used for the purpose of extending water mains and sewage lines for a .veterans housing project. i Morristown, Tenn. Bond eral Sale—The improvement $125,000 gen¬ bonds offered . , . School District Keizer ;he Commonwealth for State and Salem), Marion 1103—were purchased by the Milwaukee Co., of Milwaukee, .ocal as Exempt from taxation in (P. O County, Bonds Voted —The issuance $75,000 construction bonds was .approved by the voters at a recent v Philadelphia, Pa. Of election. & Trust Co., of Cincinnati, Haupt & Co., Campbell, Phelps & Co., both of New' York, First. Southwest Cq„ of Dallas, Lyons & Shafto, of Boston, Don¬ ald MacKinnon & Co., of New York, Wurts,. Dulles & Co., of Philadelphia, Neuhaus & Co., of Houston, Blewer, Heitner & Glynn, of St, Lbuis, and Ginther & Co., -of Cleveland, purchased on Sept. 23, the following bonds ag¬ gregating $4,340,000, as 1.70s, of¬ fering a price of .100.05, a net interest cost of about 1.695 %: $1,560 000 Water Works improve; • merit, Series No/ 2^2 bohds. 1,300,000 sanitary v. sewer v and sewage disposal plant, series No. 243 bonds. / * 760,000 storm Sewer improve¬ ment, Series No. 244 bonds. 640,000 street opening and wid¬ ening, 'series No. 245 bonds. 40,000 fire station hnd signal sys'/.. - tern, series No. .246 bonds. ; 40,000 4 public market construlction, series No. 247 bonds, | The bonds a to dated Oct. 1,1947.' Due from Oct. 1) 1948 to 1967, ' Bonds Not Voted—The Zbonds not were $150,000 improvement approved at the flection held on Sept. 9. Harrisburg, Pa. Bonds Voted — The Deputy Di¬ the Finance of rector that states primary election held Details—The Sale $40,- 2% judgment funding b purchased by the Union National Bank and the First National Bank Uoth of Mount Carmel, jointly; 000 . previously/noted in sold "at v. 166, p. 11 price of par. Dai June 1, 1947. Denomination $ UOO. Due Dec. 1, as follows;. $6,^were ' a and 1948 and $7,000 1949 to 1952 inclusive. in'1947 000 «. from announcement Pennsylvania (State of) Sale Bond p u b lie series K, $ _ y. chased 1 r- The building $50,0000,00( constructiob bonds offered on Sept> 166, by Drexel & * Co., Inp., Kidder. Peabody & C<L New York, Philadelphia N&- 1 not . bonds,-due Jan. 1, 1949; r 2,456,700 Series B refunding bonds, due Jan. 1, 1949; - / . . Jan. 1,1948-78; - r; 7 , Philadelphia National Bank, fiscal agent, for the city, and all on them will Dec. 31,1947. cease \ * as / <of , Equitable York, Graham, Parsons & Loan Authorized City, Council on Sept. 11, passed on third reading an ordi¬ nance authorizing the creation of proceeds of $7,500,000, tp be used for en¬ largements, additions, extensions, betterments and improvements to and the acquisition of property Scaled bids will be asked the issue, in the immediate . ) , \ an : 12,000 fire protection bonds. Due $1,000 from 1949 to 1058, inelusive, arid $2,000 in 1959. The 1947. bonds are dated •; , ' " • ^ July bonds cost are of about 10 years; TENNESSEE No bid of less than par for fufure. will be considered,Z.?•. have Buena callable Vista after 10 District, - of at voters "pass pri $11,000,000 road " . ) Texas Bond 2.32%. The bids until dO a.m. on Oct. 16, for purchase,,of $3,970,000 / im¬ provement bonds, divided as fal¬ lows: \ ■' '• ' Z; the - years; ' years. Independent ;;.;f ■ • OffeHng^G, R. Daniels, City Auditor, Will receive sealed $27,000 for the next 6 years, and $23,000 the next 5 years. All bonds the issuance El Paso, due $30,000 for the first $20,000 the next 5 ■: • '■], Contemplated — that the county bonds. Sale—The $100,000 muni¬ cipal airport bonds offered Sept. 15, were purchased by Dittmar & Co., of San Antonio, at a net in¬ I. ' to the for the issue of „ School Tex. Bonds Voted—An issue of ' $2,000,000 grade separation bonds. !i Due Dec. 1, as follows: $56,000 in 1948; $58,000 iri 1940; $59,000in 1950; $60,000 in 1951; $61,000) in 1952; $62,000 In 1053; $64,000 in 1954; $65,000 in 1955; $66,000 in 1956; $68,^ 000 in 1957; $69,000 in 1058; $70,000 in 1959; $72,000 in 1960; $73,000 in 1961; $75,000 iri 1962; $76,000 iri 1963; $78,000 in 1964; $79,000 in 1965; $81,000 /in 1966; $82,000 :in 1967; $84,000 in 1968; $86/000 in 1960; $88,000 in 1970; $90,000 in 1971; $92,000 in 1972; 1 $6(),- 000 construction bonds was voted bonds. $1,000. Due Sept. 1, as follows: $17,000 in 1951 and 1952, $18,000 in Corpus Christi Independent School District, Texas 1953, $16,000 in 1954, $25,000 in « 1955, $37,000 in 1956, $38,000 in Bond Sale The $2,500,000 1957, $34;000 in 1958, $35,000 in School house bonds offered Sept. 1959, $41,000 in 1960, $42,000 in 15—v. 166, p. .1103—were pur¬ 1961, $44,000 in 1962, $45,000 in chased by a syndicate composed 1963i $46,000 in 1964, $47,000 in of, Paine, Webber, Jackson & 1965, and $49,000 in 1966 and 1967. Curtis, Lee Higginson Corp., A. Bonds maturing on or after Sept. C, Allyn & Co., C. F. Childs & Co., 1, 1956, shall be callable in in¬ all of Chicago, Stern Bros. & Co., verse numerical order, upon 30 of Kansas City, Rauscher, Pierce days' published notes on Sept. jl, & Co., of Dallas, Russ & Co., First 1955, or any interest payment date of Texas Corp., both of San An¬ thereafter, at par plus accrued in¬ tonio, Fox, Reusch & Co., of Cin¬ terest and a premium for each cinnati, - Milton R. Underwood bond so called as follows: $25 per & Co., of Houston, Dittmar & Co.', bond called Sept. 1, 1955 to March of San Antonio, and F. Bert Smith 1, I960, inclusive. $15 per bond & Co., of Corpus Christi, at a net called Sept. 1, 1960 to March 1, interest cost of about 2.78%, 1964, inclusive. $5 per bond called divided as follows: $750,000 maSept. 1, 1964, and thereafter. Rate tUrifig - April 1, $10,000 in 1948, of interest to be in multiples of $45,000 iri 1949 to 1953, $50,000 in y4 of 1%. Not more than three 1954 to 1957, $60,000 in 1958 and rates o£ interest should be speci¬ 1959, $65,000 in 1960 to 1962, as fied and there shall be no more 2%s, $405,000 maturing April 1, — Councilmanic —The f Securities Co/rpf Igevf York, Stroud & Co., of PhW4*i delphia*. Marine Trust Co., of Buf-j Za ^io, Wood, Struthers & Co., of Cor^L submit authorization is $400,000 road improvement bonds. terest < Denomination The ■ jNew follows: to election ; ' : contemplated voters' tion Election—An Bond , Philadelphia, and equipment for the Philadel¬ Goldman, Sachs & Co., Barr Bids. phia Gas Works. The loan will be &, Co., both of New York, Blair & paid off in equal amounts semi¬ Cofi IncZ, Yarnall & Co., of Phila¬ annually. The ordinance was for¬ delphia; Harris, Hall & "Co:,~ of 7 Chicago, ) Dick & Merle-Smith; warded at once to Mayor Bernard Hemphill, Noyes & Co., both .Of Samuel for his signature. / ■ / 7 o Co., .Inc., of Sioux Falls, divided Texas Election is reported officials are considering T exas Brenham, Texas Sale—Ah issrie of County (P. O. Dallas)^ '/ '/^ Bond at an election held on Aug. 30, : 1,787,700 general loan bonds, due Lawrenceburg, Tenn. Corpus Christi, Texas ) Jan. 1, 1948-78; • • Bond Offering—P. E. Hickman, 10(10 general loan bonds, due Bond Election—The City Man¬ City Secretary-Treasurer, will rfe"Jan, 1, 1948-78; ager states that an election will / /• "7 7 . ceive sealed bids until 10 a.m. be held on Oct. 4, "to. have the 6{j0,009 general loan bonds) due (CST) on Oct. 7 for the purchase voters pass on the issuance of the 71 "Jan. 1, 1948-78; ~ / " of $600,000 not to exceed 3% in¬ 393,500 general loan bonds, due following water bonds totaling terest, electric system revenue, / Jan. 1, 1947-78. tax sup¬ "series 1947, bonds. Dated Sept. 1, $9,550,000: / $4,800,000 ported, and $4,750,000 revenue The. bonds will be payable at 1947. Interest M-S. the ^,/" Angelina County (P. O. Lufkin), Bond bonds was; purchased by Gefke & > Dallas ; It ; 5,266,200 Series D refunding bonds, due Jan. 1, 1973;. f I 1,280,000 general loan bonds, due * fionalBank, 1957, — —Bond as Interest A-O. The ap¬ proving opinion of Chapman •& Cutler, of Chicago, to be furnishfed the purchased/ ~~ 1000 — were putsyndicate composed .i. Councilmanic loan p. a Co., First Boston / Corp.,1 Smith, Barney & Co.) I \ /New York, Harriman Ripley, *of to Due sinkipg.fund and other sourcPS- $24,000 "water works bonds. on 'or before Jan. $2,000 from 1949 to 1958, in¬ 1, 1948, follow: clusive and $4,000 in 1959. ! 453,000 Serifes A refunding Interest ! 1 the to was the on Township Sch. Diit (P. O. Mount Carmel), Pa. Due serially from incl. The next "highest bidder was John Nuveer — $15,000,000 f of 4s, but; additions apade^ to the list. The bonds tq be; redeemed with1 funds .from &; Mount Carmel 1, 1947. at 100.03. to retire $17,187,- &Cd.Vfori% city's 4% bonds. A.pre-_ Toronto, S. Dak. were Sept 3 the yriters approved the issuance *jf $300,000 sewer bonds. j Bond six/ordi¬ dated Oct. are A-O. Interest 1948 effect that "the plan was to retire (P. O. McClellandtoum). Pa. athletic stadium and v vipus Under The City Counci inclusive. TEXAS .designed 100 of the Township Sch. Dtst. airman >-f" — has upder consideration nances PENNSYLVANIA . The bonds Large Bond Retirement Consideration " , Ira p. 1%/s, paying, a price equal to 100.106, a basis of about 1.227%. purposes. Oregon 166, , Bank • . ' ' Dallas, Texas ' t Morgan,/; .Lewis._ &c 2y4sr- and $36,000 maturing oh Sept. 8 — v. 166, p. 1000 — were ^rhent and machinery bonds, Bockius, of Philadelphia. The Aug, 1, $5,000 in 1962 and 1963; purchased by a syndicate cofritaking $8,000 maturing $4,C00 second .highest bidder "; was. Na¬ of Davidson & Co.) of $6,000 in 1964 and 1965, arid $7,000 posed Oct; 1, 1950'and 1951, as l3As tional City Bank, New York, in 1966 and 1967, as 2%s. Dated Knoxville, Cuhnberlarid Securities $32,COO maturing $4.C00 Oct Bankers Trust Co., New York, Aug. 1, 1947. Principal and inter¬ Corp., of Nashville, Fisher Hawds 1, from 1952 to 1959, inclusive Chase National Bank, New York est <F-A) payable at the Central & Co., of Knoxville, and C. H. as'l%s. and $12,000 maturinf First; National Bank, New York, Hanover- Bank & Trust Co., ~ of Little, of Jackson, paying a pride -$4,000 Oct. 1, 1960 and 1962, ai Harris Trifst & Savings Bank, New-York. equal to 100.092, a net interest co$t Legality approved b l%s. /.■; ■ ' ./ )of about 1.875%. as follows: $80,.■•!. Chicago, arid associates/for all as Huger Sinkler, of Charleston. * Interest A-O. 000 bonds maturing July 1, l%s, at.a ptice of 101.5399. Third $l5r best bid was an'offer of 101.0849, 7™ SOUTH DAKOtA 000 in 1948; $10,000 from 1949 to Shawnee, Okla. tendered by the First National 1952; $5,000 in 1953; $10,000 in Bond Election—At an election Estelline, S. Dak. 1954 and 1955, as l3,4s, and $45,Hdnk of Chicago syndicate.. scheduled for Oct. 7, the voters Bonds Voted—An~ issue Of $28;Bonds Offered for Investment— 000 sewer construction bonds was 000 maturing July 1, $25,000 i|n "will pass on the issuance of the 1956, and $20,000 in 1957, as 2s. following bonds aggregating $150,- The successful bidders reoffered authorized at the election held on Principal and interest (J-J) pay¬ uhe above bonds for general sub- Sept. 000: $65,C00 fire fighting equip¬ 9.. able at the office of the City Re¬ ment purchase; $50,000 bridge :cription at yields ranging .from Huron, S. Dak. corder,. or at the Central Hariconstruction, and $35,000 garbage 180 % to 1.35 %, according to ma¬ Bond Sale —The $146,000 air¬ ove£r/Bank & Trust Co., New Yotk turity. Coupon bonds, registerdisposal bonds. port bonds offered Sept. 15—v. City, "at the holder's option. ible as to principal only. Denom SI,000. y ' will Millington, Tenn. Matlins, S. C. '■ : Bond Sale—An issue of $100,000 . OREGON ' . any, computing , - *. terest A-O. 1 Premiums, if taken ~ . equini $100,000 in 1963 to 1965, $105,000 in 1966, as 2 % s, and $1,345,000 maturing April 1, $115,000 in 1967, $120,000 in 1968, and $370,000 in bonds will be awarded at not less 1969 to 1971, as 2%s. Said bonds than par and accrued interest to will be callable on and after Oct. the responsible bidder whose bid 1, 1962. Dated Oct. 1, 1947. In¬ ma¬ Bond Sale —A syndicate com¬ interest cost only if posed of the National, City Bank, necessary to determine which of two identical bids results in the Drexel & Co., both of New York, Trust Co. of Georgia, of Atlanta, lowest interest cost.:> The bonds will be delivered at the American Schoellkopf, Hutton & Pomeroy, of Buffalo, Braun, Bosworth & National Bank, Nashville. The: Co.,- Inc., J. C. Bradford & Co., of city will furnish the approving Nashville, Provident Savings opinion of Chapman & Cutler, of wa> purchased re¬ cently by Johnson, Lane, Space & Co., of Savannah. The bonds are dated Sept. 1, 1947/ Denom¬ ination, $1,000. Due $6,000 on Sept. 1, from 1948 to 1957 inclu¬ . 52.000 street maintenance one be bonds emie. - . any Sale—An issue of $60,000 Bond , , for "Florence, S. C. t . the rate one turity, Principal and interest pay¬ able at the Chemical Bank & Trust Co., New York City. The to the city. . r to submitted consideration at an election sched¬ uled for Nov. 11. . "U ;800,OhO improvement bonds will ie 5 " , 20 Bond tel^ction—The issuance of ; — " than Charleston School Diatrict No. Oct"; 1, from OOu (1303)v 55 „ < . and $93,000 in 1973 and 1074. 1,280,000 storm sewers bonds. Due Dec. 000 in 1, follows: $40,- as 1948 and 1949; $41,000 1950; $42,000 lrY 1951; $43.000 in 1952; $44,000 in 1053; $45,000 in 1954; $46,000 ' in 1955; $47,000 .in 1956; $48,600 in 1957; $49,000 in 1958; $50,000 in 1959; $51,000 in 1960; $52,000" in 1961; $53,000 in 1962; $54,000 in 1963; $55,000 in 1964; $56,000 in 1965; 57,000 in 1966; $58,000 in 1967; $59,000 in 1968; $60,000 • in 1969; $62,000 in 1970; $63,000 in 1971, and $65,000 in 1972. "in 125,000 street equipment Dec. 1 from 1948 and bonds. follows: as sanitary Due /on $12,600 to 1952 incl., and $13,000 from 1953 to 1957 incl. 100,000 bonds. lows: from recreation Due on $7,000 1949 to equipment Dec. 1, as fol¬ in 1948; $8,000 incl., and* 1954 9,000 from 1955 to 1959 incl. 100,000 fire station building and sites bonds. 1 as Due on Dec. follows: $3,000 from 1048 z A; ''' ■•?:'•• ^-•-»^.'*«6!0igif^«***,',-t -V T#s",:':'"'--"'' ••',j»'*'"^k .<;-"• 'v V:r:j;»&^<</ . z,z, ■ >&Visv; //-.;&•: a- ' --ZZ ■ z z •:.|';1 ,■ '■ r,rV • A,./■'•:«•', Z> • • i'J '-'J1"-. •>' 1 -w^^T'r,'?1,. ('■ ,,^'''', '"'^ '^V' '"^ - ,'"t'''":' i""' . ,' ■ '' u' •■•' ' .•- l.'' :■4 ,• : /. ■ ' •• "V f,',i ' "'■" .'■ ^ 1 ■ . 1 ■ :£'0'.iiM.pk?7\,,'' 'te&y •*/• '<".': €**'•' p / ■ ,•♦'«* T& T*' >( i '' • ■"■^ - "■ •'•A,;.*4-v^ 0"'"' ^ 7' • ' >• i ' aa ' r'i-»■ WASHINQTON Bond "Offering Expected KThe $5,000 from City Council is said *to have 1965 to 1972 incl. l r 70,000; paving bonds. Due on authorized the offering in the Dec. 1 as follows: $3,000 from near fbttire of the following bonds 1948 to 1957 inch, and $4,000 totaling $5,000,000 : $3,000,006 sani¬ tary sewers; $690,000 storm sew¬ from 1958 to 1967 incl. 69,000 fire department equip¬ ers; $210,000 street topping; $750,ment bonds. Due on Dec. 1 as 000 permanent paving; $300,000 Civic Center ; development, and w/4 follows: $4,000 from 1948 to 1953 incl./ and. $5,000 from $50,000 street markers bonds. / to-1964 incl., and • 1962 incl, 1954 to Dec. 1 follows: as 1948 to 1957 incl., and $3,000 to 1967 incl. Due 000' construction bonds equipment bonds. 1 as follows: 48,000 ;; tax Election Bond is Commis¬ City future near the have to : Dec.,1 on as and $7,000 in 1952. airport paving, bonds. 30,000 Due . Dec. 1 on ," i. ,15,000 as - equipment hospital i,; 14,000 engineering equipment . ; Due bonds. as fol¬ 1 improvement " 'I, Dec. 1 as fol^. on 2.73%, : .50,000 lows: $2,000 in 1948, and $3,000 from 1949 to 1952 incl.; a i r p o r bonds. t improvement ; l . Normangee, Tex. 1947. DenominaBidders are invited to name the rate of interest in multiof ^4 of 1%. Principal and -table: at the Chemical Co;* New York City, •'furnish the necesDated Dec. 1, Voted—At Bonds : election an ... held 000 Aug. 30 on sewer bonds issue of $50;- an authorized. was , as Dec,. 1/a*. JFluvanna . . *■ »W ' ' ...i". i _* . W' . " f:fexa»y~-'Z s ;issue of $52,000 s was purchased "HZLu Shaffer & Co.; 15, 1947. . ' and $l>00Q m$ ^-js-to 1961, and ,_,000 from 1962 to 1968, all incl. Principal and interest (F-A) pay-, able at the State Treasurer's of* Legality approved by Gib¬ Gibson & Boothman, of fice. son, Interest ported house Austin. Harris County (P. O. Houston), a.m. on -Bank, tChaise Harris r of National Bankers ; and Trust Chicago; Bank, and & the 2.10s, at a priice Dated Oct. 15, 1947. 1948 to Interest payable of about 1947, 15, a 1.795%.- Due from 1977, A-O. net interest cdst Dated Oct. 99.0002, a basis of 2.065%, and mature Oct. 1 is now bonds re¬ field revenue purchased in; 1955 1957 and to 1972. 3s.?.//;• years UNITED sold as about as fol¬ 1956; $16,000 from 1959; $17,000 in 1960 and Callable < on and after 10 from date.; / ; STATES Offerings Sealed been invited by 30 local housing authorities, the offerings will take place on Oct. 7, and Oct. 28, for temporary loan gregating $55,851,000. Details of these offerings are given bids have of which notes ag¬ herewith: ■,-\ z: ,N Opening Oct. 7,1947Z:^ZZi:Z:,z':'/:-Z'/ /Z z:/.:• List No. i . ,Z-!vz , (Notes dated Oct. 28, 1947 and maturing as indicated) Local Authority Amount Maturity Nov. Tucson, Arizona $664,000 9, 1948 Port Angeles, Washington^--------Nov. 174,000 9, 1948 Feb. 24, 1948 Boston, Massachusetts -]L 2,777,000 • Nov. Annapolis, Maryland Z -——225*000 9, 1948 ; Nov. Allentown, Pennsylvania 493,000 9, 1948 Nov. 1948 Beaver, Pennsylvania i-Z~ 1,753,000 Z 1948 Beaver, Pennsylvania _/-U—/ -—397*000— Nov. - - - -—_ - - - be furnished. , . Wheeler, t Texas est Dated Oct. A-O. Due on Oct. 15, 15, 1948 to Long Branch, New Jersey__.___.____.. Washington, D. C.__:_______.._-__-___ Rantoul, Illinois— Columbus j Georgia l—__ Galveston j Texas —_ _ _ Galveston, Texas Z--_c_____ — 448,000 5,993,000 359,000 1,471,000 ; 731,000" 993,000 < Nov. Interest 1967, inclusive. A-O. The second best bid payable was an H offer of 100.263 for 2s, tendered by Bond bids Nov. 1948 Nov, 1948 Nov. 1948 Nov. 1948 National City Bank syndicate. yzz,z---. iz;v < . the 1948-1961 maturities and from dollar a price of 100 to 99 % for the 1962-1967 maturities, -• . WASHINGTON z'f. ■ Wapato, Wash. Bond Sale—The $10,000 general obligation bonds offered on Sept. 22 were at iyjsr par. sold to the State, as W Raleigh County Plan of Bidding—The Notices of Sale will provide that proposals be for all or any part of each series of notes and separate pro¬ posals will be required for each series where more than one series of notes are offered for sale or for each part of said notes for which a separate interest rate is bid. The issuer reserves the right to award to any bidder all or any part of the notes which such bidder offers to purchase in his proposal. Said notes will be awarded at the lowest net interest cost to the issuer under such bid or bids, and in compute O. (P. Beckley), W. Va. Bonds Voted—The issuance of $350,000 airport construction bonds was approved -by the voters at a recent election. -j; Sparta, Wis. Bond ,5 ;/•''-^z^z—$39,373,000 Sale—The $40,000 1 ¥2% parks bonds offered Sept. 22 — v. 166, p. 1200—were purchased by the First State Bank of La Crosse. The bonds are dated int. public Feb. 1, ,1945, ;Interest F-&.. Due serially from 1948 to 1955, incl. Z Spring Green, Wis.: Bond Offering—ZE. T. Hill, lage Clerk, will receive Vil sealed bids until 7:30 p.m. on Oct. 1, for the purchase of $30,000 3% water pumping 4 station bonds. Dated Oct. 1/1947. Interest A-O. Due on April 1 follows: $1,000 from $2,000 from 1958 optional on and after April 1, 1957. These are the as 1948 to 1957, and to 1067, all incl., bonds authorized election. A at the certified Aug. 27 check for 10%, of the amount of bonds/pay able to the Village Treasurer, is required. z'Z : -; -;z'• may ing such interest cost the issuer will take into ; consideration any premium which any bidder offers to pay. No bid for less thhn $50,000 principal amount Of said notes or for less than par and accrued inter¬ est will be entertained. If only a part of the notes bid for in a pro¬ posal are awarded by the issuer, the premium, if any, offered in such proposal will be prorated and said notes will be issued in denomina¬ tions in the order of the lowest denomination specified in such pro¬ posal; provided, thai one: note may be issued in a tion than is otherwise specified. smaller denomina¬ Proposals for the purchase of Notes are required to be submitted in a bidding form approved by the issuer. Unless the bidding form Z required for a particular issue is set out in the formal notices of sale published elsewhere in this issue, copies of such bidding form may be obtained from the issuer or from the General Counsel, Federal Public, Housing Authority, Washington, ?5, D. C., or from Regional Counsel, Federal Public Housing Authority, in the cities of Boston, Massachusetts; New York City, New York; Chicago, Illinois; Atlanta, Georgia; Fort Worth, Texas; San Francisco, California] Seattle,Wash¬ ington, aind Cleveland, Ohio. VERMONT . livery will be considered. Princi¬ District, />;;■' Vermont Z / ZZ Z =. v' 'Z /..! pal and interest payable at the Bond Offering—Harry G. Web¬ First National Bank of Boston. ster, District Treasurer, will re¬ The bonds will be approved as to ceive sealed bids until 8 p.m. on house bonds. ref. legality Oct. 8 for the CANADA Canada (Dominion of) Bond Sale—An issue of, > 000,000 three months Treasury Sept. 25, at ar yield of 0.409%. Hie bills are dated Sept. 26, 1947, Due Or Dec. 26, 1947. A 1 bills sold was on average •Z :.-Z::z:';;} ONTARIO ; ^ . Caledonia, Ont. Bond Sale—An issue of village bonds was $150,00( sold recently Bell, Gouinlock & Co., of Toronto at 99.927, Dated from a Oct. 1948 basis of about 2.755% 1, to 1947. Due serially 1967, inclusive. Gloucester Township, Ont. Bond Sale—An issue of $285,00( township bonds purchased was re cently by J. F. Simard & Co., Ottawa, at 100.287. The bonds Brandon Graded School until 1 p.m. on Oct. 22 for the pur¬ chase ; of $400,000 2% % school ..Dated Oct. 1, 1947. Denomination $1,000. Due $16,000 from 1948 to 1$72, inclusive. Prin¬ ates reoffered the bonds at Z; by Storey, Thorndike* Palmer & Dodge, of Boston, whose purchase o£$60,000 bonds. Dated Nfov. 1, opinion will be furnished the pur¬ 1947. Denom. $1,000. Due on Nov. chaser. No telephone bids will be Hearne, Texas J\ 1, as follows: $2,000 from 1948 to accepted. Bonds will be delivered Bonds Voted y^-'-Atya recent inclusive; and $550,000 in to the election the voters are said to cipal and interest (A-O) payable 1967, purchaser on or about 1968. Bidders to name oiie tate of have approved ;the issuance of at the State Treasurer's office or Nov. 3, at the First National Bank interest; No bid for le#S than par $138,000 water and sewer im- at the Chemical, Bank & Trust the Publicly; Offered—Hal Stuart & Co, Inc., and associ¬ prices to yield from 0.65% to 1.25% for sey, 1948 '(1 ■ z. 'Z" Offering—President James B. Boren will receive sealed dated are WISCONSIN Bid Opening Oct. 28, 1947 ; College Dist., bonds approving opinion of Wood, King and Dawson, of New York City to be furnished the purchaser. The second highest bidder was Barr Bros. & Co., Wood, Struthers & Co., Schmidt, Poole & Co.* and Folger, Nolan, Inc., jointly, for $1,000,000, iy4s, at 98.91, a net interes!'cost of 1.2896 %. Zz ^ zJ 1948 Nov. ; : ''Texas The Z-Z$16,478,000 i ::;.Z;.yz List No.,n :z; 1, 1947. : Inter¬ Oct. 1, as fol¬ Wichita Falls Junior 1.2704%. Sept. 1, 1947. Due $50,000 on Sept 1 from 1948 to 1967, inclusive. The - '' ^ improvement ; bonds offered Sept. 15—rv.f/166, p. 1104—were purchased by Halsey, Stuart & Co. Inc.* Northern Trust Co., of Chicago, and W. H. Morton, of New York, jointly, as 1.30s,; pay¬ ing a premium of $3,099, equal to 100.3099, a net interest cost of -- —_ Due zZ' /v Lynchburg, Va. /■;,, Bond Saie—The $1,000,000 pub¬ lic Bonds Federal Public Housing Authority Local Housing Units Schedule Note lows: $500 from 1948 to 1967, in¬ Bunner-up in the bidding was- a clusive, and $1,000 from 1968 to syndicate headed by the National 1972, inclusive, optional) in 10 City Bank of New York, offering years. Any rate or rates named a price of 100.184 for 2.10s, figur¬ must be in the multiples of % of ing to a net interest cost slightly 1%. The city will furnish the .-■/'bigher.vm ■ printed bonds, a copy of the prcn "• Additional Sale—The $1,650,000 ceedings, and the approving opin¬ road and bridge, series D, limited ion of any market attorney of the tax bonds offered for sale at the purchaser's choice, and will de¬ liver the bonds to the bank desig¬ same time^v. 166, p. 1200—were awarded to Rowles & Co., &nd the nated by the purchaser without A certified check for $300, National Bank of Commerce, both cost. Houston; i jbintly, as 1.80s, at a payable to the city, is required. j^rice of 100.657, were at . bonds. inclusive. 1200—we: now learn that the bonds 1200—were sold to the said group as Oct. 1 for about 2.08%. Oct. 22 issiie—v. 166, p. Co., of Sept. our Huntington), lows: $13,000 in 11950 and 1951; : $14,000 from 1952 to 1954; $15,000 It j,: -• of 100,3499, a net interest cost of from Wisconsin from 1966 to 1968; $21,000 in 1969 and 1970, and $22,000 in 1971 and until 6:30 p.m/on Oct. 2 for the purchase of $15,000 not to exceed 4% interest water works system J>m the "(Notes dated Nov. 18, 1947 and maturing as indicated) the purchase of $40,000 • revenue Local Authority Amount. Maturity ! bonds. Dated Sept. 1, 1947. De¬ Bakersfield, California 30, 1948 $434*000 nomination $1,000.. The bonds will Nov. 30, 1948 Oakland, California 3,653,000 bear interest at the rate of 6% Nov. 30, 1948 Anaconda, Montana • 378*000 ; Nov. 30, 1948 per annum, payable: monthly" be¬ Providence, Rhode Island 4,482,000 Nov. 30, 1948 ginning on Dec.; 15, 1947, and on Chester, Pennsylvania 5,043,000 : the 15th day Nov. 30, 1948 of each. calendar Uniontown, Pennsylvania 1,980,000 month thereaf ter, and being calla¬ Nov. 9, 1948 Buffalo, New York ,/—-/■ --1,675,000 ble Nov. 30, 1948 singly or in aggregate on Fort Wayne, Indiana 295,000 Sept. 15, 1948 or on any calendar Chicago, Illinois May 25,. 1948 802,000 month thereafter. -Nov, 30, 1948 Detroit, Michigan ; 12,028,000 NOV. 30, 1948 Detroit, Michigan ; 2,672,000 ; ■/'South Houston, Texas I Nov. 30, 1948 Newport News, Virginia ; 1,602,000 Bond Sale—The $100,000 water Nov. 30, 1948 Memphis, Tennessee _____: . 1,430,000 works and sewer system revenue Nov. 30, 1948 Porstmouth, Virginia : 1,511,000 bonds offered Sep& 22—v. 166, p. Nov. 30, 1948 Darlington, South Carolina— " 208,000 1200—were purchased by Emer¬ Nov. 30, 1948 Corpus Christi, Texas 757,000 son, Roche & Co., of Austin, and Nov. 30, 1948 Alexandria, Louisiana __________ 623,000 Rowles & Co., of Houston, jointly. The bonds are dated Oct. 1, 1947. the the. Central; Republic as to Milwaukee, reported in Sept.' 15 by a syndicate headed Trust •Co., of Chicago, bonds water Z revenue by Walter, Woody & Heimerdinger, of Cincinnati—v. 166, p. Bond Co., both of New Offering — Mayor R. H. Stroud & Co., of Philadel-. Forrester will receive sealed bids /• (not i $405,000) 1961; $18,000 in 1962 and 1963; $19,000 in 1964 and 1965; $20,000 , the — ^ Bond -Sale Details—In connec¬ tion with the sale;of the $400,000 2s, the" $415,000 — serially from 1948 to 1970, in¬ clusive. Principal and interest "'irpadu-' payable at the Harrisburg Na¬ ■series C 1947 bonds offered for tional Bank, Houston. The ap¬ T sale on Sept. 23—v. 166, p. 1200— proving opinion of Vinson/Elkihs, were/purchased by a syndicate Weems & Francis, of Houston, to of Rate that ."V — : >ws: 1949 tol953, / Cabell County (P. O. W. Va. , Washington, Wis, • of the Independent Sch. Di&t,, ^ Bond Offering lic auction at 10 bby can b< r. "Y soon checlc for 2% or Js required J A cer City Housing Authority,' Town, of Pecos City, Texas J . VIRGINIA WEST Alton Hughes, Secretary Boa r d of Commis¬ sioners," will receive bids at a pub¬ * Bonds bonds. / s legal papers,. sary /; Not Voted—The follow¬ _ _ Pecos : WISCONSIN Port ■ ing bonds totaling $30,000 failed to carry at the election held on Sept. 8: $26,000 revenue, and $4,~ 000 general obligation bonds, • / was Tucker & net interest cost of Montesano), Bonds 16 Sept. purchased by James Co., of Austin, and of Nacogdoches,- jointly, at par, a C. $3,000 from 1948 to 1952 lows; / ZizZ^Z; ;/> ). $150,000 fZZ incl. the at the Stone Fort National Bank, - Due on Dec. 1 as fol- bonds. lows: authorized election,, follows: $2,- airport . bonds . 000 from 1948 to 1962 incl. :v.'•; f Nacogdoches, Texas ! Bond Sale—An issue of $200,000 incl.; 1951 to 1948 from 000 bonds. revenue; ;' 31,000 police equipment bonds. Due on Dec. 1 as follows: $6.- (P. O; Wash, 1 District No. , ■: Coutvty Water voters foilows: $3,000 in 1948 and 1949; pass on the proposed issuance of $1,500,600 water plant refinanc¬ and $4,000 from 1950 to 1957 ing, improvement and reserve incl, ; .. Texas Expected—It sioners will call a^h election in the equipment office Harbor on McAllen, . bonds., Due . auth¬ orized. reported, that the incl, 38,000 was Dec. on $3,000 from 1948 to 1959 incl., and $4,000 from 1960 to 1962 . Independent School District, Texas ; Bonds, Voted—At an election held on Aug. 31 an issue of $20,- • 1958 from Lindale ; Due on $2,000 from 50,000 grading bonds. Mondays September 29/194' — incl., $4,000 from 1958 *0 1955 Z/,; :-A>' i &FINANCIAL CHRONICLE -the - dated Sept. 1* 1947. from 1948 to PRINCE Due serial^ 1967,; inclusive. EDWARD Charlottetown, ISLAND Prince Edward Isl Bond Sale—An issue coupon improvement bonds chased in July by about 2.865 %. 1,00 _ . was pur R. A. Daly & Co., of Toronto, at 102.02, of o ari a basi The bonds ar4 . K#.CtC|4f^a5M*5CI^- o£ Bofjon, ior Bostpn fnnds.l // due. on Ji^ >2* < 1967Z / im m