The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
^ 4
US. ADM.
1945
BRARY
liiil"
v.■■
onday
■
ill:!©;-
Volume
-
New
Number 4417
162
General
RAILROAD
Adam Hat
PUBLIC UTILITY
-
29
Aug.
with
American
SEC—
The
A
special offering
made on the Chicago Stock Ex¬
was
change Aug. 29 by Straus & Blosser of 5,000 shares'of
(par $5) at $9,50, with a special commis¬
sion of 35 cents a share.—V. 157, p. 1359.
7,
stock
common
Central Manufacturing
7'
INSURANCE
-
grant
the
SEC
statement
registration
a
to
right
subscribe
to
being
stock, already authorized, in the
2% shares held.
Transferable
this
for
share for each
additional
one
warrants "are'
issued
stockholders.
to
from
Gross
Net
from
Net
ry.
1944
railway-
$1,698,818
$1,838,496
578,688
686,096
138,8277
_
158,051
railway,.*—.
income.
oper.
Jan.
From
12,783,047
railway——.
from
Net
ry.
.
^Proceeds
4,706,680
1943
be used by the
would
the sale
income.
oper.
$1,976,806
918,729
1
265,555
$1,800,396
' 947,253
175,801
-
13,376,883
6,543,352
1,531,629
10,358,139
4,954,479
1,169,887
1,170,437
CI.
In
York
Stock
Exchange
York
Stock
Exchange
(Bonds)
132,750
♦$26,441
New York Curb Exchange.....
Baltimore
debentures,
due
shareholders' debentures,
on
Dec.
1,
1967,
St.
Class A Stock—
this
of
11
Sept.
Montreal
will
be
on
...7 7;
1142.
convert into
may
including
:■
.
common
Sept.
'.7,
and
to
.
Curb
Balance
tLoss.
-
.—1020
Markets
July—
Gross
-
RR.—Earnings—
V
1945
$3,121,144
Net
from
Net
ry.
railway
railway......
1944
1943
$3,356,785
1,240,134
368,499
171,214
1,482,455
242,467
$3,023,121
1,329,957
487,504
income...
oper.
General Corporation and
State and
Gross
from
Net
from
Net
ry.
—V.
7
railway....
railway—
oper.
income—
22,546,023
7,462,776
21,903,079
21,652,326
7,392,207
3,136,825
2,424,107
8,994,116
2,644,999
16,424,568
5,389,608
2,148,176
The
162, p. 449.
Months Ended June 30—
♦Net
profit
Common
Earnings
Profit
shares
per
Course
of
1944
—
of
744.410
$7.33
depreciation and depletion
of approximately $2,800,000 as compared with $34,000,000 in the first
half of 1944, after provision for profits taxes of approximately $11,200.000 as compared with $6,400,000 in 1944.
;
7
7
In Canada ingot operations in the first half of this year were at a
rate of 46%
of capacity as compared with 93% In the corresponding
period of last year.
Deliveries against the more important war orders
will soon be substantially completed.
Since the beginning of the year
the balance of Indebtedness to the United States Government has been
after
provision
Condition
.744,410
$7:20
j
share
compiited
of
which
liquidated comprising some $26,000,000 of notes and Interest-bearing
advance payments.
Funded debt has been increased by the sale of
$4,250,000 Canadian-pay 3 V2% bonds due in 1974.
In India the ingot producer in which the company owns a substan¬
tial interest sold shares recently netting the equivalent of $2,000,000
and is proceeding with the erection of an alumina plant.
•
'
Other interests of
the company are opening fabricating plants in
Aden, South Africa, and Mexico and plans are under waj for expan¬
sion of fabricating facilities in several other countries.—V. 162, p. 1.
Fed.
State
&
1943
1944
6
Net
$19,129
;
X
♦After
and
allowance
before
available.
.
For
the
charges
for
six
was
all charges,
Federal
estimated
77777
; '7*
and
including interest and
State taxes.
tLoss.
depreciation
77,77
-.77
' 7 '..7_;77':7 * 77';7'7
months5'ended
$19,101.—V.
30,
2437.
June
161, p.
■
1945,
' >
for
and
sold,
-
,
-
were $55,676
and $1,030,-:'
•
June
At
dividends
securities
1945
30,
1915
,
accounts
$121,929;
$4,352;
receivable,
investments, $25,791,>
•
payable to banks, $2,600,000; accounts payable and
$12,703;
Aug.
1,
2, 1945, $319,353;
for Federal,. State
dividends payable July
1945, $77,175; provision
optional
optional
$25)
June
sales
;
—
1944
$4,751,500
3,959,983
4,009,994
$649,393
88,581
—
—
sales, etc., operating expense
profit
operations
income
$741,506
58,141
from
—
$737,974
income
Non-operating
Fed.
1945
$4,609,376
30—
&
inc.
$7.99,647
1;
6,933
.451,185
:
expense
exc.
profs, taxes
•
JNo figures
the net profit after all
Earned
net
$36,000
profit
share—
per common
♦Includes
...
♦$279,856
$1.10
$254,528
$0.88
non-recurring income in the amount of approximately
profit on the disposal of certain real estate. After
representing
effect to Federal taxes thereon, this non-recurringr income
represents approximately 13 cents per share of common stock out¬
standing.—V. 161, p. 2550.
giving
£
1
electronics
FLOmDA & IVEW JERSEY
MUNICIPAL
E§
E
industrials
which
.Kobbe, Gearhart & Company '
Established 1922
-
30 BROAD
Telephone:
STREET
HAnover 2-2600
NEW YORK 4,
'
Bell Teletype;
are
not
S
&
N. Y.
NY 1-573
INCORPORATED
Members
:/}'■■■ V'7
New
York
Security
i
„
Dealers
:
v
;v;
Association
V; 45 NASSAU STREET, NEW YORK 5
V
7- Telephone .> V
Philadelphia Telephone
Bell Teletype
REctor 2-3600
,;, Enterprise 6015
.7 y
New York 1-576
SECURITIES
readily marketable.
found
small;
BLOCKS of
e=
DEPARTMENT
cAllen
77
Banks, Corporations and Individuals have
an effective market place for large or
us
7rails
Municipal Bonds
4,281
540,838
]
Ml
SPECIALIST IN
V..:
8,610
$10,519
t$28,942
t$9,812
$1,800
-
Sheet
$413,597;
Months Ended
Total
1942
-
t$28,942
X
tax. (est.)
profit
States Electric Corp. at
at nominal value at June 30,
Central
of
carried
,
Surplus
Net
was
American Hair & Felt Co.—Earnings—
Inc.—Earnings—
t$9,8l2
stock
'
1024
:
1945
1945 compares with net unrealized ap¬
$528,376 (adjusted to eliminate $105,-
-
Non-operating
$1,800
of
stock
taxes,
(par
Net
3 Mos. End. June 30—
1944
appreciation of investments,
such appreciation were realized the
law, would approximate $1,100,000.
unrealized
net
31,
expenses,
city
Cost of
♦Profit
$2,467,662
Class A
dividend series of 1936—$2.75 cumulative
(80,000 shares), $2,000,000; Class B stock (par $1), $2,901,940; capital
surplus, $11,557,772; earned surplus, $4,192,589; convertible Class- A
stock
(100 shares)
held in treasury, £»r$4,849;
total, $26,331,159.—
V. 161, p. 2550.
'
/
•
for
American Encaustic Tiling Co.,
$3,094,756
$99,477; convertible Class A stock (par $25)
series—$3 cumulative (103,000 shares), $2,575,000;
Banks of
Member
System
$3,870,333
-
57,527
payable
*024
Reserve
/;" [
83,125
total, $26,331,159.
stock
Rates
Statement
Federal
.
81,909
«i-v.
common
brokers
dividend
1023
1021
Reserve Banks
t$5,600,000 t$5,700,000
$2,467,662
' *
;
dividend
and Payable—
Exchange
"7
156,077
and
Clearings
Bank
77 7 V.7,
.
$4,192,589
7 Liabilities—Nctes
accrued
1039
.—._———
_
;
440,005
indicated
1944
from
280;
Investment News. 977
919
—.1023
Combined Condition Statement of Federal
Foreign
1945
v
(estimated)——.—
is
...
Dividends Declared
Aluminium, Ltd. (& Subs.)—Earnings—
6
'
No tices
$3,234,191
$4,109,534
'v
617,400,
709,780
aggregate amounts of purchases and sales of portfolio securities
The
due
July
:•
$5,249,994
'Balance
Sinking Fund
Calls and
Redemption
1145,560
31,472
,
r
City Bond Offerings and Sales. .1034
Municipal Issues Sold During
From Jan. 1—
■v7.
.1
during the six months ended June 30,
005, respectively.
- '
•
*
;
J ' -
Miscellaneous Features
1942
$3,447,737
944,366
„
from
77,115
139,022 s
,
:
30
Assets—Cash,
Alton
7
1945.
Exchange—.1003
Transactions New York Curb Exchange.—.1003
Stock and Bond Averages
1003
29.
$345,981
2,977,021
appreciation at June 30,
31,
19,000
-
valuation
Dec.
20,000
$317,196
1936
preciation at Dec.
439
19,000
2,885,523
7
1945, was $6,492,076.
If
income, tax, under existing
30,
Federal
The
of
June
j
Note—The
June
..1019
Exchange
div.Tser.
opt.
49,270
$305,675
series..7
A.,stock
class
44,483
35,937
3,726,744
'
.,
on
40,015
28,194
$849,590
cl. A stk.
div.
3,984
35,578
.V
4,261,382
net
—7
invest..
of
conv.
on
optional
Divs.
Transactions New York Stock
•
;
■
Divs.
7
1018
,
securities,
4,167
'77777
re-
Total
Exchange—Curb
Over-the-Counter
stock on a shareThose converting by
entitled to the 50-cent dividend payable on the
Oct.
1
to holders of
record Sept.
11.—V. 157,
stock
up
stock
common
p.
Bank,
111.
basis
of
Write-down
_r_1015
Montreal Stock Exchange
of
$417,315
11,461
52,000
taxes...
suits of sales of sec.)
Section..1018
Toronto Stock Exchange (week of Aug. 17)-1022
Toronto Curb Exchange (week of Aug. 17) .1023
Stock
Toronto
has called for redemption on Oct. 1 all of its class A
convertible stock at $37.50 a share, plus accrued dividend of 43% cents
Holders
Exchange.
Stock
Louis
Toronto Stock Exchange
The corporation
Chicago,
Bal., surplus, Jan. 1
Profit
realized on
sale
..1015
1016
......1016
,-,—-1016
1016
Exchange
Exchange..
Stock Exchange.—
Stock
Pittsburgh
Payment will be made at the Harris Trust & Savings
(excl.
.7.———V-1015
Stock
Federal
Allied Products Corp—-'To Redeem
Inc.
1014
Exchange..
Angeles
common
$729;
$15,500;
expenses,
expenses,
Stock
Phialdelphia
$5,900,000;
$95,875; accounts payable
taxes withheld, $61; reserve for
stock (171,500 shares, no par),
$1,775,529; capital surplus. $421,732; deficit in earned surplus from
Jan. 1, 1944, $174,183; total, $8,035,243 —V. 162. p. 129.
accrued
for
inc.
1942
$462,718
$399,907
46,271
22,675
Net
L—1014
.
Exchange—..——
Stock
Cleveland
Detroit
expenses.
Prov.
Cincinnati Stock Exchange
Los
interest
30
1943
1944
:
$976,730
6,194
taxes..
.......
..1013
Exchange
Chicago Stock Exchange
„
Liabilities—Shareholders'
Stock
Boston
tDeficit.
eti sales of securities.
Exchange
Stock
Operating
Interest
.
etc.,
993
1004
1008
(Stocks)
New
Balance Sheet, June 80, 1945
/ „'
' ■»
Assets—Investments, at cost, $7,961,126; cash on demand deposit,
$42,765;
cash
on
special
deposit, *$18,000;
accrued dividends and
interest receivable on securities, $12,799; prepaid expenses; $553; total,
,
Ended June
Months
Six
1945
■
etc
divs.,
Franchise,
Page
•
i
1013
New
•
.
$8,035,243.
Cash
-
24,144
132,750
...
......
Account
Income
$183,335
t$105,503
interest
for-share
"A"
"B"
..77 7'7
1944
1945
profit
share.
"B"
"
$51,157
„
'♦Exclusive Of net loss of $151,004:
a
10,432,750
9,633,775
(com. stock) $20,080,751 $13,391,720
.> 77-7 77;.-„.7 '-'7
.
7*:130.19
(pref.) stocks (182,900 shs. outstdg.)
162.46
4.61
(com.) stk. (2,901,940 sh*, outstdg.)
6.92
Issue
This
23,910
dividends..
from
estimated
liquidating
(preferred)
stocks at
plus accrued dividends
assets applic.
CI.
Bond Quotations
■6 Months Ended June 30-rr .'
and
2,600,000
2,600,000
-
(pref. stocks) $29,714,526 $23,824,470
"A"
Class
to Class
Asset Values Per Share— .7;
J.
Expenses
accrued
for
"A"
prices
Net
.
Net
7-
assets avail,
Net
out¬
to pay
company
$32,314,526 $26,424,470
...
*
loans
Class
from
1942
13,102,088
5,361,878
1,015,840
Debenture
Total net assets before bank loans.....
Bank
standing bank loans and purchase additional facilities—V. 161, p. 1873.
Aldred Investment Trust—Earnings-
Income
financial position of the corporation as of June 30, 1945, based
valuations, is summarized as follows; .
7"'':;£77.7v ''7.77; .-7;
-V;"*::June 30,'45 Dec. 31, '44
Investment in affil. company—Blue Ridge Corp. $14,411,500 $12,464,000
Investment in North American Co. com. stock..
12,017,200
9,070,675
All other investments, plus cash and receivables,
and less liabilities other than bank loans..__
5,885,826
4,889,795
on
7
Aviation
—V. 162, p. 561.
,
Corp.—Semi-Annual
Report—
1—
Gross from railwayNet
*
1945
MISCELLANEOUS
-
-
Corp, holder of 60.79% of American's outstanding
stock, has agreed to subscribe to 85,304 new shares and to
purchase any shares offered to other stockholders and not subscribed
for
by them.
Purchase price of the stock is to be supplied by
The
common
amendment.
Alabama Great Southern RR.—Earnings—
July—
Copy
a
The
with
shares ($1 par) common stock.
The company will
holders of its common stock of record, on a date yet to be
142,154
the
ratio of
Co.- -Registers with
,
filed
has
company
covering
set,
Advance Aluminum Casting Corp.—Special Offering-—*
.
INDUSTRIAL
-
American Cities Power & Light
With SEC—
Stores Inc.—Registers
filed
company
Price 60 Cents
York, N, Y, Monday, September 3, 1945
Corporation and Investment News
the SEC a registration statement
cqvering 100,000 shares of common stock to be offered co the public
later by a banking group headed by Van Alstyne, Noel & Co.
The
stock is to be sold for the account of Ellas Lustig, President of the
company, and Harold E. Lustig.-7 '
The
";v:
INQUIRIES INVITED
3
^
i
35
3
S
i
hill,
thompson & co., inc.
120 Broadway,
Now York 5, N. Y.
.-';p;
.*i. ■'
30—
operating profit
Dividends, interest and discounts—
tNet
*
service charges—
Royalties, licenses and
Other
earnings (net)
1
_
Sales,
Cost
profit
$18,275,145
Depreciation, amortization and depletion
3,278,633
Research and process development exps,3,128,108
Interest charges on iunded and other debt—
470,765
Provision for employees' pension fund
1,000,000
Provision for renegotiation and Federal
and
foreign taxes on income
7,300,000
$3,097,639
$3,086,413
370,444
370,444
income
Dividends
Net
applicable to
income
shares
Common
stocks
preference
on
—
—
_____—
from
282,794
income
Total
Other
for
depreciation—.
for
Provision
Adj.
$1.00
Balance,
10,200,000
contingencies....
war
renegotation
of
res
1,000,000
Cr627,007
,
surplus
Consolidated
Balance
Sheet
—V.
income
net
The
of
161, p. 2326.
Assets—
' ; •
Cash
Accounts
assets
Other
assets
Textile
and approval of Federal and State regulatory authorities.
Gas has agreed, however, to pay between $4,500,009
$5,000,000 for all the common stock to be issued under
and
Indiana Service
Res.
current
3%%
mtge,
Amer.
stock
possible
order.
10,589,264
position
American
6 Months Ended June 30—
Gross
sales,
Cost
-less
cash
and
of
Net
operating
Other
income
Total
The
-
including Sept.
1957,
30,
at
.
to
to Sept.
The price to the public will be filed by amend¬
162, p. 874.
output oi
Power
•
ended
week
electric
the
1945,
25,
Aug.
properties
totaled
company for the
kwh., a decrease of
for the corresponding week
of
of 1944.—V. 162', p. 874.
|
\
American Woolen Co., Inc.—Semi-Annual Report—
The
contracts.
of
$5,250,051
profits
its
effect of this renegotiation on the company's
earnings, after making allowance for the reduction of income and
excess
profits-taxes and adjustment of post-war credit which re¬
sulted therefrom, is $1,372,993 for which a reserve of $2,000,000 was
1944.
The
consolidated
income
for
balance
the
of
current
has
$627,007
six
been
U.
orders
dollar-volume
but
is
due
of
S.
primarily
to
is
the
increasing absenteeism.
Special Contingency Reserve is
other losses which may be sustained
The
the
acute
»
and
•
not
added to
result
of
and
Total
• *
provide
at
the
end
-
war,
$9,000,000 as of June 30, 1945.
the company's bank loans was paid off on March 17,
there has been no occasion to borrow since then,
j '
last
and
1943
,
has
have
been
made
stockholders
by
who
realize
that
the
war
provided the industry with an unusual demand and a level of7
i that
may be deceptive if relied upon for the future.
The
earnings
management is reluctant
there
because
are
so
to venture
a
prediction about future earnings
and because much will de¬
uncertainties
many
updn Governmental policies, taxes and world conditions, but it*
may be In order to state the conditions that may affect operations*
favorably,or unfavorably,
On the one hand, the company will have a comparatively simple
problem oi conversion from military to civilian production and also'
ft is reasonable to expect a
strong, temporary demand fof civilian
pend
„
.
.
.
both
ever,
as
from
past
those
at home
experience
has
shown,
$0.23
as
an
offset
that
to
surplus in
to
Balance
1944
Sheet,
June
1
Federal
_
$9,911,255
—
$327,445
surtax
and
and
State
97,292
-
-
8'7,475
Capital
2,005,550
1,801,120'".
1,801,120,
3,583,961
3,583,961
1,167,376
surplus
Earned
surplus....
...
,7
.—
*
1,376,796
from
returning
veterans.
the
productive
capacity
How¬
of
the
$9,911,255
—*
American Zinc, Lead & Smelting
Net
sales—
of
$7,329,358
6,706,418
Jis far in. excess of the normal civilian demand and the tem¬
demand following the War may not be sufficient to keep the
machinery of the industry operating on a profitable basis for an ex¬
tended
Gross profit on sales.
$622,940
$683,963
86,810
Other
the
partly
through collective- bargaining andr partly
through- orders of the National War Labor Board,, labor costs have
been increased over 50% through direct wage increases and
Jhe im¬
war,
position of payments for vacations, shift bonuses and the like.
These
increases have been common to most, but not all,
companies in the in¬
dustry and will give a competitive advantage to those companies which,
have
not
been forced
to
adopt
all of the elements of these increased
costs.
-
taxes
$2,472,616
69,394
252,609
134,175
$709,750
$753,358
$2,540,268
$2,606,790
140,293
127,654
540,112
Crl/583
Cr7,067
551
..
expenses
Net.
tProv.
(net).
expense
for
loss
on
♦Cr 115,000
for
pletion
Prov.
*
de-*
and
amort...
Fed.
for
excess
.deprec.,
inc.
profits
,
and
504,264
269,000
196,425
153,215
344,960
3647,782
$771,939. "
$733,866
$1,103,605
31, 1936,
between
oil and the marketing
of refined petroleum products.
engaged
is
oil
and
gas
properties
Beiineu
light and heavy
and interests therein.
"oils
In addition,
together with
the
i casing-
produces steam refined
lubricants, and compound?
company
industrial
automotive lubricants.
964,010
.
69,653
2,045,000?
818,000-
981,000
/.
Corp.
the company and
gathering systems,,
fleet of river tow
boats and barges, a number of terminals, bulk storage and distributing
stations,
retail service stations and a fleet of transport and tank
Iir connection
—
36,353
Co.
gasoline.
cylinder
and
taxes
<
and Business—Company was incorporated on Oct.
pursuant to an agreement of consolidation
proved
head)
160,000-
875,063
1,263,400
~
profitx—
~
195,000
»
143,754
products include gasoline, industrial naphtha, kerosene,
fuel oils
industrial and road building asphalts and natural
8,350
"0214,434
608,763
in the production, purchase, sale, transpor¬
tation and refining of crude petroleum and the manufacture, distri¬
bution and sale of refined petroleum products.
In support of such
activities, the company is engaged in the development .of prospective
ad¬
vances
Prov.
$3,254,611"
Kentucky,
Company
"
Interest
$1,798,675
.
175,558
71,251
(Ky.), organized in 1918, and its subsidiary, Ashland(Ky.), organized in 1924.
Swiss Oil Corp. had been
engaged in the- production of crude petroleum in Eastern Kentucky
and Ashland Refining Co. had been engaged in the transportation and
27,513 132
r
787,190.
$2,505,455
(net)—
inc.
on
Refining
$29,985,747
$2,287,660
.
1,126,143
$2,865,833
847,620,
107,031.
long-term debt.
and State
refining of crude
income
Total income........
Admin.,; sell, and other
its
167,600
with
the
activities outlined above,
principal subsidiary own and operate pipe line,
tanks for crude oil and refined products, a
storage
Net
profit-
$294,615
$210,556
$0:31
$0.18
Earns, per com. share..
;
"Cancellation
Metaline Mining
V. 161, p. 2782.
of
portion
of
& Leasing Co.
,
\
$994,016
$802,567
$0.97
$0.68
trucks.
provision
for
loss
on
advances to
tTo Metaline Mining & Leasing Co.—
The
Co.
-
-
company's principal
(Ky.),
99.1%
subsidiary is Ashland Oil &
of the capital stock of
Transportation
The Trans¬
which is owned.
and operates the principal pipe line gathering
system serving the oil fields of Eastern Kentucky.
It also owns and
operates a small mileage of gathering lines in Western Kentucky.
Com¬
pany's only other active subsidiary is a 100%. owned small marketing
and transportation company.
"V
portation company owns
:
Ann Arbor
RR.—Earnings—
July—
period.
During
on
Swiss Oil
industry
porary
Int.
History
27,697,054
14,132,990
1,291,735
Prov. for Fed.
r
1945—12 Mos.—1944
6,597,394
..
14,939,648
1,243,003
profit—,
deducts,
(net)
Other
\
$9,956,546
$7,281,357 $29,934,713
sold.—_
goods
21,945,268
and
Gross
Co.—Earnings—
1945—3 Mos.—1944
12,710,932
exps..
deprec.
.
(Including Wholly Owned Subsidiary Companies)
■
1942
1943
$16,752,733
amortization
in
Period End. June 30—
gen.
'
sell.,
&
Depletion,
:
$ot?lr—
—V. 161, p. 2214.
1
Years Ended Sept. 30
1944
$26,054,104 $18,736,838 $17,057,808
—
sales,
of
admin.
69,078
222,685
2,005,550
i.
bonds
($5 par)..
sales—
Cost
257,500
Earnings
June 30,'45,
Net
taxes.—__
of
9 Mos. End.
i
94,587
6%
stock
Summary
443,659
(-Exclusive of
the company's treasury.
'
excess
None
40,000 shs.
t964,000 shs.
conversion of outstanding
cumulative convertible preferred stock.
4%%
36,000 shares held in
$366,221
accruals
mtge.
'
-
•
576,423
normal,
of
$5,000,000
"1,400,000 shs.
par)
$9,956,546
*
•
Outstanding
$5,000,000
10,000 shs.
50,000 shs.
320,000 shares are reserved for
which
"Of
shares
51,803
—_
Federal
i
540,459
1.
other
1
i
;
...
($1
stock
Common
,
Give Effect to Present Financing
Authorized
5,695,298
70,826
*
to
20-year 3% skg. fund debs., due 1965
5.% cum. pfd. stock
(par $100).
4%% cum. conv. pfd. stock ($100 par)
1,304,408
4,865,413
—
Adjusted
Capitalization,
693,824
reserves—————.——
General
1944
at
$950,210
1,261,000
556,223
1.
proceeds ($4,882,740) will be applied in part to the
103% of the $3,750,000 3%% promissory note due
serially Dec. 1, 1945-1958, inclusive, held by Equitable Life Assurance
Society of the United States, requiring $3,890,625, and the balance will
be added to the company's general funds.
30
(net)
(net)
Feb.
such
to
prepayment
corresponding
1945
receivable
tax—
Common
1, 1945; due Aug. 1, 1965.
Purpose—The
to
net
1,844,959
payable—...
for
Tdtal
the
$935,834
notes—
.——
Other
the
was
l,097,539
for
3% sinking fund debentures, due
interest
for
transferred
which
for
demand deposits
tax
and provision
profit
net
$27,408
charges and prepayments
Accounts
,
and
the
with
compares
Liabilities—
•
goods
income,
on
This
of
Unfilled orders oh hand June 30, 1945 amounted to $54,800,000 asCompared with $71,500,000 on Dec. 31, 1944, a decrease of $16,700,000.
Many inquiries about the prospects of the company under post-war
conditions
treated
■
and
assets
Total
and
and-
amounts to
The
and
deposit with corporate trustees
on
Cost
the
of
taxes
accounts
fixed
Deferred
insuf¬
inventory
for
60,142
$84,198
1945, after all expenses
Security investment, at nominal amount
Goodwill, trade marks and patents
the
shortage,
manpower
to
surplus
of
transferred
Treasury
Notes
months.
business
earned
quarter
Inventories
t
reduced
The
ficient
54,924
Government
on
net
provided;in
60,250
96,227
$o.22
,
hand
on
Prov.
President, reports in part:
Pursuant to the provisions of the Renegotiation Act of 1942, the
company and the Government have renegotiated its war contracts for
the year 1944 with the Army Price Adjustment Board in New York,
subject to acceptance by the main Price Adjustment Board in Wash¬
ington.
Under the agreement reached, the company is required to
Government
22,233
92,599
(est.)
$79,436
Comparative
Assets—
Cash
Prov.
Moses Pendleton,
the
taxes
contingencies
$29,100.
profit similarly
period.
this
'
to
to
"■Federal
was
profits
refund
prof,
exc.
$5,000,000 201965.
Aug. 30 offered at par and int.
on
Principal and interest (Feb. 1
and Aug. 1) payable at office of First National Bank, Chicago, trustee.
Debentures in coupon form, $1,000 denomination, registerable as
to
principal only.
Redeemable at option of company, as a whole or in
part, at any time on 30 days' notice at following prices: .102 Va to and
including Aug. 1, 1948; thereafter 102 to and including Aug. 1, 1951;
thereafter 101 >/2 to and including Aug. 1, 1954; thereafter 101 to and
including Aug. 1, 1957; thereafter 100% to and including Aug. 1, 1960;
thereafter 100y2 to and including Aug. 1, 1963; thereafter 100% to and
including Aug. 1, 1964, and thereafter 100; in each case plus accrued
interest.
Also redeemable through operation of the sinking fund on 30
days' notice on
Feb.
1,
1949, and on Feb.
1 thereafter to and
including Feb. 1, 1965, at 100% of the principal amount plus accrued
'
1
second
estimated
surplus
80,076,000
the output of 83,513,900 kwh.
over
and
tax
directly
the
Cash
American Water Works & Electric Co., Inc.—Output—
4.29%
inc.
60,167
headed by A. G. Becker & Co.,
Inc.,
...
For
1949,
30,
104;
they will be opened.
ment.—V.
Fed.
bonds
Offered—•
Co.—Debentures
Refining
&
year
Note—The estimated provision for Federal taxes is before the $13,423
of such taxes resulting from
the loss on sale of property
charged
Oil
Ashland
reduction
at 106; to Sept. 30, 1953, at 105; to
30, 1961, at 103; to Sept. 30, 1965, at
102; to Sept. 30, 1970, at 101, and thereafter at 100.
,
The debentures will be offered for sale at competitive bidding. Bids
are to be received before 11:30 a.m. on Sept.' 24,
1945, at which time
and
Sept.
for income
#
notice
days'
30
upon
38,679
expenses
general mortgage
.
24,
An underwriting group
$323,051
$325,804
property
loss.
redeemable
be
2,401
income..*
Earned per capital share
debentures which are outstanding in the amount
to be called for Dec. 1 at 105 plus accrued
would
$320,650
Net
'
„
$304,019
.(
income
on
report that the
output
Aug.
Dated. Aug.
are
debentures
new
305,096
(incl. deprec.)._
exps.
(net)
Prov.
.
interest.
3,851,964
318,376
depreciation)
gen.
income
for
company
pany's 30-year Vk'fc
of $160,000,000 and
(incl.
Output—
Gas & Electric Corp.
$4,477,709
21,784
goods sold
Selling, admin, and
1944
$4,643,605
freight
'
the Associated
of
trustees
of the Associated Gas & Electric Group for the week
1945, amounted to 125,887,362 kwh., a decrease of
3,028,850 kwh., or 2.3%, when compared with the corresponding week
of 1944,—V. 162, p. 874,
4,021,209
allowances,
predecessor
a
of. the
all
Associated Gas & Electric Co.—Weekly
ended
1945
returns,
'
discounts
redeem
666.
p.
electric
always
filed- Aug, 27 with the Securities and Exchange Com¬
mission a registration statement covering $160,000,000 of 30-year 2% %
■debentures.
77
V;
'
Proceeds from the sale would be used in the retirement of the com¬
.The
credits, $3,054,347.—V. 162,
to
will be received
Corp.,
Power
company.—162, p. 666.
American Writing Paper Corp.—Earnings—
Co.—Registers
& v Telegraph
Telephone
$160,000,000 Bonds with SEC—
tax
the company.
proceeds
Arizona
The
possible.
as
.
114,957,395 119,097,649
"Including post-war
,
alphabetical
alphabetical
to arrange companies in exact
However, they are always as near
2,000,000
par)
no
21,290,887
^nter competition
not
shares
net
required
8,000,000
35,000,000
2,000,000
21,292,945
8.538,047
surplus
Prov.
is
war
(400,000
1,012,500
N. Y
are
the
of
by Mr. Tucker who, as nominee
company, provided the funds
outstanding shares of preferred stock
of Arizona Power Corp.
Mr. Tucker became the owner of the shares
cqlled for redemption and under a consolidation of Arizona Power
Corp. and
Arizona Electric Power Corp. into Arizona Power Co.,
effected Aug., 20,
1945, is to receive 12,000 shares of Arizona Power
Co.
preferred in exchange for the shares of preferred stock of the
predecessor company acquired by him.
In effect the proceeds received
by Mr. Tucker will reimburse him in part for his advance of funds
for the purpose of redeeming the preferred stock of the predecessor
The
of
809,949
1,000,000
9,000,000
35,000,000
Bldg.,
surplus
Inactive
it
1,157,572
Woolen
T?taJ
Property Custodian.
by Mellon Securities Corp.
Forgan & Co. and Lehman
reasons
3,610,898
liabilities.—.
on
Earned
162, p. 873.
mechanical
renegotiation-_
Capital
Interest
NOTE—For
29,665,546
980,710
before
1945)..
contingencies
cumulative preferred stock
7%
shares of stock held by the Alien
(.'Wall Street Journal.")—V.
Bros.
for
Special reserve for
American Potash & Chemical Corp.—Bidders for Stock
(Three investment banking groups are preparing to
taxes
>
share and
issued and outstanding preferred
being sold by James C. Tucker, President and director,
all
constitute
shares
shares and
renegotiation refunds after taxes—
Other
'
One group is led by Blyth & Co., Inc., one
and one jointly by Kuhn, Loeb & Co., Glore,
inc.
Fed.
2,964,262
_
Offered—Cen¬
Stock
(par $100) at $101 per
preferred stock,
dividends^
the founder of
3,496,858
3,047,021
32,289,430
1,309,155
.
Co.—Preferred
tive
$
$
provision
Common
for the 480,000
12,713
22,745,222
3,697,813
"4,410,825
payable—trade—
for
(no
resigned as Executive Vice President and
General Manager of Ayerst, McKenna &. Harrison, Ltd., a subsidiary
of this corporation, to participate in the organization of Combined
Enterprises, Ltd., which has been formed to acquire and hold shares
of operating companies in trie drug, food and household fields. He will
be President of Stuart Brothers Co., Ltd., and Snap Co., Ltd., subsid¬
iaries of Combined Enterprises,
Associated with Mr. Wallace is M. O.
Simpson, Vice President and Treasurer of the Dominion Rubber Co.,
Ltd., a subsidiary of the United States Rubber Co.
Head offices of
these companies are in Montreal, Canada.—V. 162, p. 562.
,
charges....
liabilities
Reserve for
has
Wallace
8,435
22,661,804
deferred
666.
Republic Co. (Inc.), A. C. Allyn & Co., Inc., William
R. Staats Co., Julien Collins & Co. and Rauscher, Pierce
& Co. on Aug. 23 offered 12,000 shares of 5% cumula¬
114,957,395 119,097,649
Accrued
American Home Products Corp.—Official Resigns—
fWilliam H.
and
p.
Power
Arizona
(Not Consolidated);
assets—cash__
(depreciated)
Liabilities—
latter
the
net
469,827
162,
tral
44,653,003
693,063
36,047,746
Total
Accounts
company's 7% and 6% preferred stocks,
principal amount of the note plus accrued interest now totals about
$4,370,000 and preferred stockholders have a claim of approximately
$5,700,000. for par and accumulated dividends.
The allocation between Midland Utilities and
the preferred stock¬
holders of Indiana Service will be made in the ratio ordered by the
SEC and confirmed by the Federal District Court.-—V. 162, p. 777.
of
in
account.—V.
The
Corp.'s reorganization plan.
,
.Proceeds of the sale of the common stock are to be distributed be¬
tween Midland Utilities Co., owner of the note indebtedness of Indiana,
holders
Realty Co.
Equity
$
(net)—10,560,498-
assets
current
$17,854,952 $18,204,033
stk. ($50 par)
cap.
8,674,338
8,674,338
8,674,338
8,674,338
Earnings per share
SI.65
$1.90
$2.06
$2.10
(After deducting $265,000 in 1944 and $220,000 in
1943 for post¬
war refund of excess profits tax,
(Before depletion of metal mines.
Note—The equity in the undistributed earnings for the six months
ended
June
30,
1945, of the principal unconsolidated subsidiaries.
Anaconda Wire & Cable Co. and Mountain City Copper Co. amounts
to $229,988.
This profit is not included in the consolidated income
23,872,636
7,600,000
15,823,200
7,600,000
$14,297,196 $16,475,955
outstanding
'45 Dec. 31, '44,
33,198,260
^
Fixed
American
«nd
receivable—trade
Other
interest
plans
hand.
on
Inventories
Midland Unit—
has contracted to buy from the Midland Utilities Co. its
in common stock of the Indiana Service Corp.
The
is contingent upon completion of certain reorganization
Company
transaction
and
United States obligations—cost
Ay—-
American Gas & Electric Go.—To Buy
98%
Shs.
1,400,000
$
banks
in
—
16,107,552
11,950,000
167,303
1.125,000
111,421
64,297
profit_l_i
J Net
(Incl. Pocono Co.)
June 30,
does not include the equity in the undis¬
associated companies (50% owned or less).
above
as
income
net
14,270,000
11,980,000
90,934
f
12,520,000
interest
for contingencies.
Prov.
4,290,431
4,037,655
1,400,000
12,864,000
[t2,385,000
in-
prof, taxes
Minority
l
3,451,217
1,400,000
dividends
Preferred
660,543
14,050,000
1,000,000
689,505
Provision for Federal income taxes.
7,839,313
taxes....:
exc.
152,869
.
■
6,260,424
5,839,239
6,252,888
.obsolescence
come
20,757,866
326,660
640,775
14,500,000
1,000,000
1
charges
Provision
ministrative .expenses.
tributed
and
431,023
19,748,197
14,713,714
$40,456,310 $55,546,070
'
etc..
depletion
Federal and foreign
20,326,843
19,587,928
160,269
14,430,921
.
discount,
Deprec.,
63,667
51,256
operation
$313,134,381 $37,675,615
income.:.
Total
Interest,
Federal
audit¬
fAfter deduction of plant, selling and ad¬
the year.
2'z
expense
-
1942„„/'
$54,927,313
618,757
,
—
Other income
adjustments as reflected in the
♦Revised to include retroactive
ed statement for
Profit
$2,715,969
2,707,026
$1.01
—
emergency
profit
Operating
104,760,361
76,587,107
82,929,294
1,996,039
1,504,224
866,774
.
i
Mining Co. (& Subs;)—Earnings—
1945 v
1944
1943
$32,543,076 $37,008,337 $39,808,750
586,305
667,278
647,560
6 Mos. End. June 30—
$
98,234,741
79,717,871
1,652,870
—_
expenses-
Other income
5,561,003
stock
$2,727,195
———2,707,026
admin.
labor costs
1944
1943
„
2,794,101
381,757
929,022
common
outstanding—
common share
Earnings per
and
gen,
,
;
$
96,719,692
«:
sales..,,.—....__.
of
Selling,
$15,824,130
3,071,834
Net
discounts
Additional
War
Total
less
1944
$
Anaconda Copper
Co.).
36 (Incl. Focono
1945
s
1945 '
*1944
$17,507,878 $15,147,658
330,662
385,654
>
405,535
259-,915
31,070
30,903
-
v
,
k
Income Statement Six Months Ended June
(& Subs.)—Earnings—
American Cyanamid Co.
6 Months Ended June
r>
Monday, September 3, 1945 *
CHRONICLE
THE COMMERCIAL & FINANCIAL
978
•
Gross
Net
from
Net
ry.
-
1945
from
railway
1944
$521,946
railway——.
119,363
income—
58,886
$511,390
oper.
i 1943
-'
$512,908
142,678-
154,846
72,030
73,890
3,616,870
3,410,068
3,438,232
870:203
803,122
1,006,163
€44,059"
400,028'
.
_.
1942
f
$445,619
126,725-
53,538
From Jan. 1—
Gross
Net
from
from
railway
railway
Kerry, oper. Income—
—V. 162, p. 451.
-
2,961,944
;
691,488
516,844 >r264,977
7:The company'*s principal refinery, near Catlettsburg, Ky., is located
on the Big Sandy River near'its junction with the Ohio river.
It has
a
present crude oil charging, capacity of approximately 25,000 barrels
per day. ■ The equipment of this refinery has been designed to operate
on
»
flexible basis.
It is capable of refining crude oils of widely
varying characteristics ranging from the low gravity, high sulphur oils
from
certain
fields in Texas, Mississippi and Western Kentucky*
.Volume 162
through
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4417
medium
gravity,
passed
from Eastern
Kentucky, Illinois and other
high gravity,
•distillate oils lrom
producing fields adjacent to the lower Mississippi
JSiver..
V'V" ":v yy.
y.-''.• >•
Underwriters—The
cipal
of
amount
follows:
as
the
E.
Hutton
&
&
Co,
i
JLee
purchased by each of them
■-i'-' "•••'
5
""
x
Bankers
500,000
are
McCormick
400,000
Corp.—
&
Kuhn,
Loeb
E.
Baukhages
corporation
accept,
from
remained until
750,000
& Co.
At
January,
1944
member
a
1935
Union
tne
no
of
the
Judge Samuel Mandelbaum
the Securities and Exchange
by
fixed
has
Oct.
Commission,
15,
by
applica¬
on
a
Gulf, Colorado &
Panhandle &
Period End.
July 31—
at
were
Mr.
Snodgrass'
committee
of
working
'
the
1945—7 Mos.—1944
major
be
$
Plan
51,742,139
30,955,594
49,838,297 333,830,029 295,253,696
expenses
25,589,374
196,597,032
169,628,554
We
have
tax accruals..
14,116,064
18,572,820
97,361,020
93,833,636
ment
Plan
1,1207,336
879,227
3,937,100
2,201,508
reduction
'For
sand
the
income
and
from
JMet
ry.
railway
JNet
from
24et
ry.
—V.
1943
date
$553,734
147,386
186,561
25,333
41,630
45,520
24,207
4.562,957
4,292,245
3,117,446
railway
1,360,347
1,013,570
1,456,050
293,567
247,268
533,310
it
July
195,268
time
the
it
future
missioner
-Earnlngs-
JFederal
income
^Retirement
Uiility
*Other
and
taxes
352,263
$1,218,375
259,514
295,366
$1,369,993
deductions
171,963
$1,629,507
income
Income
$923,003
—t
I
income
"The
Federal
consolidated
New
tax
savings
from
that
of
returns
467,509
Atlanta & West Point
July—
RR-
above.- -V.
126,315
Het
from
3Sfet
ry.
railway—._
1944
1943
The
1942
$477,980
$454,818
$350,324
171,097
202,346
155.083
from
31,621
railway
33,597
40,302
66,267
3,182,172
railway
Het ry. oper. income
162,
3,301,566
3,040,252
2,069,833
1,032,348
1,259,029
1,386,997
July 31—
227,983
291,272
298,420
jt.
&
to
fac.
7,609,859
61,450,910
18,350,000
191,734
292,785
3,127,916
$688,302
$5,194,094
$9,322,540
Corp.
certain
and
to
of
the
Aug.
27
approved
management's proposals
the Spicer Manufacturing
company's assets to
remainder. —See
liquidate the
V.
162,
778.
p.
Ohio RR.—Chairman Henderson of RFC
Clears
B. & O. Officers—Tells Senator Wheeler None
Used Position With Agency to Obtain Post with Road—
Charles B.
Henderson, Chairman of the Board, RFC,
Aug. 23 made public
ton K.
a
on
letter addressed to the Hon. Bur¬
Wheeler in which he
•officials
formally absolves B. & O.
responsibility for loans made by the
from any
jRFC to
the
road
in
the
period between 1932-38.
The
text of the letter follows:
Your letter of July 28, 1945, addressed to the Hon. John W.
Snyder,
IFederal Loan Administrator, has been referred to me for answer.
That letter pertains to loan
.Baltimore & Ohio RR.
during
which
>
that
^suggests
Tthis
dn
•obtain
Mr.
associated
.records
jRR,
•of
indicate
when
Mr.
the
to
have
been
making of these
with
that
the loans
Stewart
•corporation
this
he
1932
been
used
to
the
and
1938
connected
charged with
loans
to
and
the
Russell
B.
corporation
not
was
were
McDonald
this corporation
Mr.
to
made
from
period
alleged
persons
and alleged to have
with
corporation
with
responsibility
their
positions
to
advantageous employment with the railroad company.
1
Roy B. White, President of the Baltimore & Ohio RR., was
mever
x
certain
corporation
connection
the
this
any
of the
official
capacity
and
Baltimore &
our
Ohio
made.
was
never
&
an
in
we
months
several
was
impossible
to
Looking
in
his
not
foresee
back,
opinion
farther
was
O.,
had
to
or
a
director,
anything
any
to
other
officer
do
with
railroad
or
employee
after
the
on
in
with
the
the
certainty,
however,
respect
far
structure
on
loans
unrelated
to
-with
making of
the
passed
3B.
&
Mr.
on
O.
1938
rise
doubtless
of
charge
loans.
our
papers
Mr.
loans
Snodgrass
to
the
evidencing the
never
Baltimore
same.
He
had
sound
and
long¬
said:
Ohio
no
and
part
to
do
never
in
the
on
unprecedented
The
over.
postpone
bond
earnings,
reason
has
failed.
failed
it
maturities.
issues
Interstate
will
much
a
its
of
the
M.
Clay
was
a
of
member
of
approximately nine years,
legal matters pertaining to
the
Legal Division of this
beginning in April, 1932,
railroad loans.
Mr. Clay
Other
stock
Capital
by
reasonably
Commerce
Commission
in
the
America,
par)
$5,643,120
market
in
5,932,589
707,321
;
$5,643,120
6,520,602
profitsheld
in treasury
(30,610
share)___.
per
shs
at
658,240
cost,
;
887,690
——_u_—
banks
__
39,906
112,862
—$12,143,123 $12,386,718
of
capital stock of
of
as
45,783
103,679
_„
._
—
shares
'In
___
10,308
taxes—
Total
11
Dec.
31,
1944
10 banks
30,
of June
as
of
(majorities
and
1945,
shares
whose
factor
a
market
of
the
value
of
which
outstanding
is
now
corporation)
Bank of Boston,
tin
4,035
Trust
at
at quoted market price.
each $10 par value,
shares,
of
capital
stock
Co., Quincy, Mass., at quoted market price.—V.
161, p.
of Quincy
875.
(A. S.) Beck Shoe Corp.—Registers With SEC—
has
Corporation
filed
of
financing by the
stockholders.
of
Brothers
and
4%%
stock.
common
The
company
The
as
20,129
and
will
group
be
headed
Lehman
by
Co.
&
who are at present stockholders of Diamond
of
Beck Shoe
Corp., which is now a wholly owned subsidiary of Diamond.
special meeting of the stockholders of Diamond to vote on the
A
proposal
merger
that
public
will
be
has
called
been
offering
made
of
shortly
Hotel
Benson
The
corporation
Commission
the
for
Sept.
preferred
thereafter.—V.
and
162
1.0,
and
common
it is expected
stock registered
779.
p.
Corp., Minneapolis—Securities Regis.—
filed
Aug.
underwritten
be
with
23
the
Securities
loans.
collateral
trust
bonds.
Under
These
sinking fund bonds, series A, dated July 2,
1,. 1946
B.f C.
by
July
to
fciegler
&
Co.
1,
1957.
of
the
interest
all
&
B.
securities
O.
of
was,
Wis.
Bend,
outstanding $448,510 of 4Vu %
company's
June 15,
'45 June 16. '44
$1,901,120
$2,050,609
.
783,992
1,048,045
$154,467
sales.
of
736,187
1,112,151
Cost
Net
profit from
charges
Other
Net
in
course,
profit
Other
operations
_____
$116,888
4,973
—
——
$114,352
4,757
Income
Provision
2,536
$149,494
—-—
$117,870
income taxes-
Federal and State
for
——
—
3,518
$154,251
income
Total
position of the B, & O.'s
the market
improving
loss
of
of
the
removed
of
threat
Bankruptcy Act and the
interest
elimination
the
encountered
of
these
we
evils
perceive
such
in
was
no
one
a
reorganization
under
Net
Prior
102,855
47,100
,
$51,396
$70,770
63,504
«,
of
the
principal
a
Earnings per
8,465
—.—
25,000
___
share—
Cash
U.
Shee:t
Balance
June 15,
banks and on hand—
in
S.
Treasury
Inventories
Prepaid
Investment—Alexandra
tal
stock
Other
at
1,523
178,001
222,711
16,881
15,759
rents._————
Restaurant, Inc., capi¬
cost——_
assets
had
355
(net)
and
$356,312
$622,753
30,000
———
.
————.—
insurance
'45 June 16, '£4
——
——_—_
certificates
receivable
Accounts
$0.67
$0.43
—
—
Assets—
objectives
The
dividends-,
common
Condensed
plan
pro¬
.—_—
dividends
Common
inevitable delays, expense
reorganization proceedings.
basis for condemning
profit
preferred
Total
•
30,000
69,500
———-
2,019
3,040
■
Goodwill:
been
filed
objector
only
in
terest
all
some
the
as
at
of
authorized
the
the
by
hearing
road's
law.
The
transcript shows
that
the
claiming to hold an in¬
convertible 4'/2% bonds, the most junior
was
a
person
debt, notwithstanding the fact that there had
a* that time been a very great increase in the market price of those
bonds since the announcement of the plan, and the holders of more
than
the
of
than
company's
majority of the issue had assented to the plan.
subject of our railroad loans generally, we believe it will
to you to know that since its creation in 1932 moru(
a
On
or
interest
a
billion
dollars
has
been
lent
to
by the Public Works Administration
taken
railroads
by
(the PWA's
this
corporation
loans having been
this corporation) and, as of July 31, 1945 these loans
had been reduced by $833,531,575, or 79%, leaving only $220,144,100
now
outstanding.- These figures are cited so as to make clear the
fact that the RFC has been and is collecting its railroad loans as
over
speedily
by
is
as
hereinbefore
—V.
practicable.
Indicated
the
policy will be continued and
pending adjustment plan of the B. &
This
as
O.
greatly facilitate the liquidation of our loans to the Bs & O.
162,
874.
p.
1945
JulyGross
1944
-Earnings1943
1942
$628,379
$814,855
$838,723
$584,370
246,080
402,625
403,572
296,725
oper. income—
43,022
86,209
114,058
186,887
6,384,368
7,747,103
5,741,488
3,931,952
3,270,609
683,861
4,513,257
2,793,156
2,055,010
1,051,115
729,578
1,405,889
Net
from
Net
ry.
From Jan. 1—
from
Net
from
Net
ry.
—V.
railway-
railway
oper.
162, *p.
income™
563..
fixed
Deferred
of excess profits
assets
10,680
tax
357,918
333,331
(net)
1,649
1,634
charges
.
Leaseholds,
Applic.
etc.
Alexandra
to
amortization!
V;
—
Restaurant,
Inc.
1
/' '
<
:
1
(less
V-'-'V.j '
49,460
Total
$1,246,138
*
$1,057,392
Liabilities-
Accounts
?
payable
,
Accounts payable a/c prior pref. stock redeemed
Dividends payable, prior preferred
—
Accrued
expenses
Accrued
taxes
Reserve
for
15-year
5'h
Prior
——
,$132,612
115,575
1,759
54,762
237,585
contingencies,' etc
26,400
debentures
stock
Capital
Earned
surplus
surplus
e
r
1
47Z628
56,517
110,236
23,500
461,200
stock
Common
$104,609
i
323,495
preferred
100,000
—
_—
'
stock at cost
1
—y
63,705
190,245
—-—
$1,246,138
Total
railwayrailway
from
Post-war refund
Treasury
Beaumont Sour Lake & Western Ry.-
,
The
bonds.
B/G Foods, Inc.—Earnings—
24 Weeks Ended—•
the
bonds,
would
bonds
The
West
proceeds, with other funds, would be used to redeem at 98 and accrued
Railroad.
of
Exchange
and
registration statement covering $440,000 of first refund¬
a
ing mortgage serial and
1945, and due from Jan,
plan, we are informed, has received widespread support
from security holders affected and, at the recent hearing, the Federal
Court found that the road's petition for approval and confirmation
be
SEC
the
with
preferred stock
offering does not represent
since the stock is to be sold by a group
proposed
will receive the preferred and common stock to be offered
the proposed merger of Diamond Shoe Corp. into A. S.
result
a
statement
cumulative
underwriting
Wertheim
The selling stockholders,
Shoe Corpij
registration
a
covering 39,046 shares of
shares
more
adjust the debt structure of the road
sounder basis, this corporation will receive
value
in
it
since
77
holders.
of
of
held
were
book value of the shares as shown by state¬
ments of condition of the respective banks.
tin 10,000 shares as of June 30,
1945, and in 20,000 shares as of
Dec. 31, 1944, each $12.50 par value, of capital stock of First National
the
by
pro¬
pending plan of adjustment of the B. & O. has received careful
study of this corporation.
The directors believe that this plan is
decidedly in the interest of the property and the road's security
0613)?
S.
($15
<
surplus-
114.207
34,409
113,210
Dr8,124
$1,057,392
preferred stocg for de¬
bentures and purchase of preferred stock not exchanged.
All but a
few
shares of the old preferred stock have now been received and
settlement made.
In the case of the few shares outstanding.cash ac¬
count has been reduced to cover the payments which will be made
when these
remaining shares are received.
As a result of the re¬
financing'program
the entire capital structure is now represented
The
balance
sheet
STooSoO shared
shares'
(Reg. U. S. Patent Office) William BDana Company, Publishers, 25 Park Place, New York-8, N. Y.,
Seibert, President; William D. Riggs, Business Manager.
Published twice a week [every Thursday (general news
La Salle St., Chicago 3, 111. (Telephone: State
1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith.
as second-class matter February 25, 1942, at the post office at New York, N. Y., under the Act of March 3,
1879.
Subscriptions in United
Canada, $27.50 per year; South and Central
Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe
NOTE: On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made
135
$12,143,123 $12,386,718
'
Capital
$29
425
97,092
_
„
fact
The
Dana
offices:
89
87,840
—
bank—
Total
The
the
is
under it, because market activity in the securities of the com¬
pany, some of which may have been speculative, followed its announce¬
The Commercial and Financial Chronicle
William
in
8,300
8,400
investments-.
Cash
This
so
loans
Ohio
&
Chapter XV and
Gross
for
60,525
obligations——
new
by this
anything
&
had
S.
now
posed
company.
Plan.
Cassius
•corporation
in
railroad
any
U.
the
is
reaching
a
1,060,000
tlnvestment
the
to
that
it
Dec. 31,*44
558,750
Com¬
as
ground
future),
sufficiently
capital
with
'
L.
Snodgrass was a member of the Legal Division of
•this corporation for approximately ten
years, beginning in August, 1932.
-His work during most of that period was devoted to
matters entirely
June 30,'45
$11,488,045 $11,160,376
tlnvestment
receipts.
amount
which
Baltimore
should
never
Comparative Balance Sheet
Assets—
payable——_
1938
$707,321
„_
.
for
20,
ment.
Baltimore &
207,359
,
1945
'Investments
interest
part of the general upward trend of railroad securities
reflecting the increased earnings produced by wartime traffic.
In
addition, the announcement of the B. & O. plan of adjustment was
and
the
_
30,
credits
Dec.
658,240
$914,680
__
measure
a
The
on
1944—ZZZZZZZZZZZZZZZZZZZZZZZ"
31,
Balance at June
Shares
the
Mahaffie
collateral,
total
the
it
securities
stockholders
sell
Dec.
surplus
Dividends declared
Provision
be
done
the
at
Total
effect
to
the
in
3,229,344
$69,413
Atlas Drop Forge Co.—Sale of Assets Voted—
The
Ho
be
various
its
balance
Section
*
of
put
The
28,250,000
rents
Balance
$256,440
Undivided
opinion, will be readily salable and through their sale it should
possible to liquidate without loss all loans made by the Government
53,193,497
3,250,000
563.
p.
effort
was
1,174
income
Dividend
road's
cash
2,300
18,425
____ZZZZZZZZZIZIZZZZIZZIIZI—ZI
paid—
dated
be
income
oper.
162,
the
26,813
:
Deferred
did
sufficiently
the
plan,
the
our
$93,995,381
*
■»—'V.
fixed
plan
letter
to
1945—7 Mos.—1944
$88,122,920
750,000
__
ry.
not
twice
than
RR.—Earnings—
1945—Month—1944
9,012,334
Taxes
Net
constructive
the
by
company
(dissenting only
despite
now
record before
present
for
$10,023,481 $11,840,946
revenues
Gperating expenses
.Equip.
of
plan,
of
value
the
792,634
217,500
Atlantic Coast Line
Period End.
of
O.'s Adjust¬
accomplishments substantially improved the position of this
corporation and have resulted in
a
very
considerable
increase
in
as
Gperating
outline
&
on the pending plan discloses that the Baltimore & Ohio RR.,
operating under its 1938 plan, has reduced its debt by more than
$100,000,000, and its annual interest charges by more than $5,000,000.
563.
p.
B.
These
Het from
—V.
the
received
$10,308
ceedings
From Jan. 1—
Gross
put
than
did
it
Net
taxes
approval
of
the
Interstate
matters by our Legal Division,
provided in said Plan in respect of
On
to
which
plan
1938
for
Liabilities—
adequate sinking
fund provisions.
In my opinion, it should be modified by extending all
issues affected for equal additional periods.
I would prefer 20 years."
150,081
income
to
must
reduction
$443,174
railway
oper.
161, p. 2551.'
-.Earnings-
1945
from
the
deducting
striking
a
plan greatly
improves on it in that respect.
It is intended to' provide a 20-year
breathing spell instead of 6 or 8. Probably that will suffice.
I hope so.
But why take the chance?
In general, and except for that defect the
new
plan is well devised.
It spaces maturities and it provides for
Ownership—
See Consolidated Electric & Gas Co.
Gross
filing
Provision
Interest
Adjustment
been
(after
charges
advised tne
road.
should
Commissioner
1928
operation
♦Includes
to
company's
course,
the
expenses
directors™fees*16^ bankS)"
company.
a
$305,152
and
will
view
'headaches'
Net
require
you
it, the first plan failed because of the timidity of: Its
They contented themselves with nibbling at the troubles
besetting the property when a drastic operation was required. Probably
this temporizing was induced largely by the attitude of the
security
holders
who
were
unwilling, or perhaps constitutionally unable, to
face
realities.
By this time, however, security holders must realize
that interest can be paid and maturities can be met
only as earnings
warrant;
that
fixed
maturities,
and
even
fixed
interest,
in
the
absence
of
adequate earnings, are a delusion;
and that insistence
on
them, in such circumstances, is more likely to be productive of
341,306
527,805
basis.
"As
$1,046,411
(net)
Southern's
in
framers.
1,359,587
$1,101,702
income
not
believe
has
the
legal
1939,
recently
adjustment
of
that
time
1944
1,692,151
accruals
reserve
income
profits
excess
operating
Gross
1945
$12,058,244 $11,354,273
8,912,127
8,606,967
__
deductions,
28,
maturities
comprehensive
revenues
revenue
of
■
Mahaffie
pending plan
apparent
12 Months Ended June 30—
Operating
be
the
subject
and
was, of
held for
proposed
Oper.
to
do
I
of
was
3,589
Total
Salaries
the
assistance
which
there
that
advised the
we
in
and
and
great
proceeding."
preliminary
appeared
reduction
until
that
At
162, p. 563.
Atlanta Gas Light Co.
Chapter XV of
of
what
718,208
income
this
30, 3915
$301,431
from
the Interstate Commerce Commission's
Report of Nov. 1, 1938
authorizing the issuance and modification of certain securities pur¬
suant
to provisions of said plan and several months after the date
when
this corporation
advised the railroad company that it would
accept the treatment which the plan provided for our loans.
1942
$526,880
217,801
5.387,328
railway
oper.
the
accept
approved
$733,404
of
the treatment
the obligations of the railroad
company held by us.
In this connec¬
tion, your attention is called to the fact that the so-called Chandler
Act,
which embodied Chapter XV of the Bankruptcy Act. was not
RR.—Earnings—
167,366
income
oper.
from
When
Commission
would
we
563.
$762,613
Baukhages
different
no
Ry.
"of
your letter
readjustment.
railway
renew
be
that
of
that,
From Jan. 1—
■Gross
and
charges
company
1944
Mr.
suggestion
is
Southern
Colorado
voluntary
July—
from
the
corporation,
that
substantial
a
that
Commerce
p.
the
at
railroads
77
references in
1938.
1938
3,
in
Section
a
fixed
the
this
to
of
consummated
the
noted
of
and
would
railroad
excess
and
them
to
enacted
through
1945
JNet
29,589,998
July 1945 includes $11,362,000 Federal income
compared with $16,824,974 in 1944 and for,
July 31, 1945 includes $81,388,000 - Federal
profits taxes compared with $79,404,144 in
the
Atlanta Birmingham & Coast
Gross
35,934,877
to
he.
June
stocks
incomeZlZZZZZZZIZZZZZZZZ-ZZZZZZZZZZZZZZZ
-
Clay
case
Colorado
of
period in 1944.—V. 162,
same
4,796,876
no
the Bill
on
ended
profits
months
seven
5,463,145
this
6 Months Ended
bank
132
Miscellaneous
in
taxes
month
excess
the
income
in
submitted
Aug.
oper.
Mr.
respect to
adjustments
know
to
duly
was
revenues
ry.
desirable
interested
oper.
Net
with
was made
operation
oper.
debits
in
was
Committee
your
out
Slailway
Other
of
the performance of his duties with this
corporation. As is revealed in the printed records of the
proceedings
betore the subcommittee,
this corporation was then interested in the
Hailway
^Railway
one
readjustment plan of the
that the Bill if
^
Division
from
Interest
holding responsible'positions in private industry
time or another
employed by the RFC.
appearance at the hearing in
1942 before the sub¬
opinion
Santa Fe Ry.)
required
as
Corp,—Earnings—
Statement of Income,
Income—Dividends
persons
Bankruptcy Act
Santa Fe Ry. and
1945—Mcnth—1944
.v
■
numerous
that
Atchison, Topeka & Santa Fe Ry.—Earnings—
(Includes
character
to
January 1941.
He
resigned
Pacific Railroad Company where
Snodgrass,
the
the
hearing on
•divestment of assets by the corporation under provisions of the Utility
Holding Company Act.
The assets to be divested include General Gas
«& Electric
Corp. and eight of its operating subsidiaries located
inSouth Carolina, Florida, New Jersey and New York.—V. 161, p. 2654.
for
Legal
...
employment of Mr.
Baltimore & Ohio
corporation. The situation
Corp.—Hearing Oct. 15—
Federal
that
Baystate
y
be
when he
The
tion
of
not
and Mr. Clay's authority
Railroad.
Associated Gas & Electric
should
joined the staff of the Baltimore & Ohio.
time during his employment
by this corporation did Mr. Bauk¬
have anything to do with our loans to the Baltimore & Ohio
hages
162, p. 778.
was
with
position
a
120.000
Brothers
Almstedt
by this
charged with
xvas
or
approved by the Interstate Commerce Commission
F.
Mr.
200,000
500,000
made
loans
time
no
responsibility were limited to determining that the obligations
by this corporation and collateral securing the same were
in due legal form to carry out the commitments after the loans
had been
200,000
Co.
relating to the
papers
979
received
Co.
---i.-.:—.
Kebbon,
500,000
Brothers
Bond
Inc.
legal
Baltimore & Ohio but at
made by the directors of this corporation
were
and
$200,000
Bacon, Whipple & Co.
Tne
500,000
to the
responsibility of deciding that the loans should
maue, or
deciding tne terms thereof.
Decisions
underwriters and the prin¬
several
Inc._$l,130,000
Co._-_
____
Higginson
—V.
the
certain
upon
corporation
put
__
Xehman
content crudes
mid-continent
fields, to
debentures to be
Kidder, Peabody & Co.
Xadenburg,
Thalmann
i
sulphur
of
names
^-*-y
A. G. Becker & Co.
W.
low
($453,600)
reflects
the
exchange
of common stock.
of prior preferred
of
Whereas on June 16 1944 4,536
stock were outstanding m the
i^^^tat^tical^^u^o^Mondavl11^ Otlwr
^vertWngjtesue) Gth
company.
Reentered
^
ve^ in Domlnlon of
States and Possessiorm $26.00 per ye^, in Dommionoi
(exceptAs^Australia and Ainca, *u.uu per yeai
in New xora iiuuis.
/*■
.y'f:-.'
THE COMMERCIAL & FINANCIAL 'CHRONICLE
980
hands
the
of
5%
year
ferred
Briggs & Stratton Corp.—Earnings—
has outstanding $323,495 in 15requirement on that pre¬
interest requirements on
approximately $16,000.—V. 161, p. 1764.
public,
now
company
debentures.
stock
the debentures of
Net
(less mis-
ceilaneous
,
36,190
22,718
60,700
44,411
taxes.
$1,763,237
$2,358,706
$3,365,820
$4,753,623
taxes
332,000
360,000
651,500
726,000
1,403,100
1,760,700
railway
$2,188,482
railway—
848,239
1,083,303
611,606
742,855
from
Gross
Net
from
Net
ry.
$2,144,350
943,560
526,261
$2,418,632
1942
$2,311,^7
1,218,176
300,545
1944
income—
oper.
•Fed.
from
Gross
from
Net
10,764,961
1,807,201
11,406,338
2,554,292
10,251,817
1,434,552
2,438,695
719,896
$953,619
$3.21
$1,260,123
$4.24
Co.—Earnings—
profits.——————
1944
1943
*$263,282
$1.31
*$225,347
$1.12
for
all
but
including depreciation and estimated normal income
provision lor excess profits tax and renegotiation
not applicable to current earnings.
excluding
which
refund
are
of
half
first
the
for
Sales
1945
$3,747,039
are
with
compared
as
$6,942,867 for the same six months' period in 1944.—V. 161, p. 2552.
Birmingham Electric Co.—Partial Redemption—
The
will
called for redemption on Oct. 1, next, $100,000
bonds due 1974 at 102 and interest.
Payment
has
company
first
of
mortgage 3%
made at the
be
•After
940,500
$490,737
4
.
share—
;
$1.65
deducting post-war refund.
Hanover
Central
Bank
Trust
&
profits
excess
refund
been
is
The
taxes
of
to the government.
The net effect of
$23,273 in net profit for the year which
the
has
is reduced
2439.
profit for 1944
reported.—V. 161, p.
earned surplus.
lrom $960,379 previously
to
Net
•Net
has filed with tfie SEC a registration statement cover¬
debentures due on Sept. 1, 1965, and 10,000 shares
of class A stock
(no par).
It proposes to offer the debentures and
stock publicly about Sept. 15.
The Association, which has conducted
horse race meetings at Pascoag Park in Burrillville, proposes to use the
proceeds from the sale of the debentures and stock, estimated at $934,000, to build a new track at Lincoln, R. I., to be known as Lincoln
Underwriters for
$500
of
the
of
stock will be Barrett & Co.
debentures and
five
and
of
shares
—V.
161,
California Electric
26,356
stock
for
Oper.
deductions—
revenues-
rev.
oper.
income
The financial
.
as
Other
Fed.
June 30, '45
Total
loans
bank
before
assets
net
Bank
inc.
988,026
$2,613,950
1
...w—
assets available
4,500,000
....
4,500,000
—V.
Pref.
stock
at
for
preference stock
$49,800,693 $42,410,580
per share and accrued div.
18,409,300
18,409,300
$55
and
19,825
16,934
4,999
$647,304
$2,776,296
745,946
39,914
$2,630,884
139,835
556,942
assets
values
applicable to
per share—
Preference stock
Common
stock
stock..
common
$31,391,393 $24,001,280
.1,121
12,660
1,083
226,520
187,760
762,794
698,392
$360,575
$318,626
$1,298,488
$149.46
(7,489,483 shares outstanding)
$127.28
$4.19
S.
161,
Can.
$3.20
1945
1943
1942
$243,821
Six
for
Ended
Months
June
•Cash
•Net
1944
1943
1942
$922,620
$818,406
$810,691
$892,745
86,329
dividends
52,690
30,537
4,470
4,376
15,746
$912,961
134,376
—
Underwr.
partic.
(net).
3,148
54,623
$294,647
131,370
152,613
$292,087
$142,033
inc.
$226,046
$229,669
$206,204
8,211
8,144
127,291
savings
Central Maine Power
52,973
'
673,838
7,471,405
7,413,058
taxes
109,813
106,837
1,272,847
1,260,499
taxes-
6,086
7,726
81,130
89,101
22,324
29,347
324,698
320,351
19,230
100,388
233,343
$594,153
$564,510
$7,138,903
$7,699,007
munic.
taxes
Rental
1945—12 Mos.—1944
$1,401,488 $16,389,371 $17,015,353
482,896
expenses
Security
Fed.
Co.—Earnings—
$1,215,272
revenues
and
State
Social
from llling of
1945—Month—1944
Period End. July 31—
Operating
Operating
other
than
Portland
under
lease
income
oper.
Accel,
D.
o
14,009
12,764
11,613
12,899
$221,297
$205,071
$209,911
$184,964
214,721
204,925
199,481
207,764
80
80
80
90
of
9,538
67,044
117,972
$574,048
$7,205,947
181,322
178,375
2,162,164
$7,816,979
2,193,373
74,709
of
amort,
74,264
1,329,450
$3,226,573
D.
E
&
Fed.
&
5,001
$599,154
income-
income
Deductions
8,341
1944
and
paid
tax
returns
177,253
income
tax
(nor-
mal and surtax)
Fed.
84,519
61,120
$258,604
prof,
txc.
$260,289
$3,126,668
111,820
111,820
1,341,836
890,330
899,684
1,017,431
tax
30
1945
Interest
_
_
for
prov.
Account
Income
__
taxes
152,774
2553.
p.
Gross
8,515
&
$240,023
$423,458
(net)
consolidated
162, p. 875.
profits
75,000
$270,683
income-
Federal
•Includes
V.
Canadian Investment Fund, Ltd.—Earnings—
U.
140,686
49,999
adjustments
income.
Net
Expenses
(333,200 shares outstanding)
358,763
3,230,956
$1,292,044
taxes-
income—
469,163
143,098
income
income—
Total
—
taxes——
,
profits
excess
deductions
Income
excess
6 Mos. End. June 30—
Net
Assets
$4,045,430
income
Non-cperating
Net
1944
$4,315,256
3,382,310
accruals
utility plant acquisition
income
•Other
RR.
Net
1945
deductions
reserve
operating
Utility
Dec. 31, '44
$54,300,693 $46,910,580
loans
of
Amort,
$2,756,471
$728,559
deductions—
income
m.
revenues—————-———-
Retirement
$6,963,771
4,207,300
140,343
profits
follows:
1945—12 Mos.—1944
$1,630,331
1,727
Interest
position of the corporation as of June 30, 1945, based
compared with Dec. 31, 1944 is summarized as
valuations
on
(net)
income
Gross
preferred stock the opportunity to ex¬
issue on a share-for-share basis
cumulative
6%
p.
revenue
income and
Federal
Net
$642,305
$726,832
Corp.—Semi-Annual Report—
Blue Ridge
3
Operating
$500.
$6,844,668
4,230,718
1,131,081
Net
Other
to
12 Monts Ended June 30—
Subs.)—Earnings—
(&
1945—3 Mos.—1944
48,189
2552.
p.
Power Co.
Period End. June 30—
$1,857,913
21,833
,
Exchange Com¬
The debentures and stock would be oifered in units
debentures
revenues—
—
with the Securities and
company's registration
Gross
charges, including depletion, depreciation, cost
leaseholds, and estimated Federal, income taxes.
all
deducting
of abandoned wells and
1944.
$5,912,000
V ;;■;%
Sept. 10.
The First National Bank of Chicago is
named as exchange agent.
' -."VA syndicate headed by Paine, Webber, Jackson & Curtis and Loewi
& Co. wiil publicly offer the unexchanged portion of the new 4.75%
series A, cumulative preferred stock at $53 per share.—V. 162, p. 564.
Racetrack.
Operating
profit
•After
$581,156
1945
$6,197,000
875.
Operating
The company
ing $1,000,000 of 6 %
Providence, R. 1.
$324,409
:
,
Central Indiana Gas Co.—Earnings—
Registers With SEC—
Quar. End. 6 Mos. End.
$256,746
h ;J-
Ry.—Traffic Earnings—
to
Burrillville Racing Association of Pawtucket, R. I.—
Mar. 31, '45 June 30, '45 June 30, '45
income
Gross
162,
65,000 shares of 4.75% series Accumulative preferred stock
become
effective.
The company is offering the holders of Its
prior
Bishop Oil Co.—Earnings—
Quar. End.
that
year.—V.
mission of
has
proceedings covering business for the year ended
reduction
a
charged
$937,106
of
Period—
anticipated
is
next
change their certiiicates for tne new
Dec. 31, 1944, the corporation has agreed with the War Contracts Price
Adjustment Board to refund $2,866,473 less credit for Federal income
corporate
Co.,
trustee, 70 Broadway, New York, N. Y.—V. 162, p, 243.
It
early
earnings
162, p.
outstanding
Renegotiation—
including depreciation and estimated provision
excess
profits taxes and renegotiation of contracts.
and
income
plant.
>;-;■!
Days Ended Aug. 7—
Trafiic
—V.
charges,
tAfter all charges,
tax
share—.—
common
per
•After
Va.,
operating
„>;■
Central Electric & Gas Co.—Exchange Offer—
and
1945
t$70,933
$0.35
6 Months Ended June 30—
■<
prof, tax
exc,
profit
Under renegotiation
Birdsboro Steel Foundry & Machine
Earnings
inc.
Wis.
Earns, per com.
1,880,229
Net ry. oper. income—
—V. 162. D. 563.
Net
for
Net
11,842,431
4,374,394
2,075,233
railway
railway.
&
Prov.
Prom Jan. 1—
>
profit bef.
Pacific
be
.....
2,767,500
$595,606
$2.00
charges)—
7
Net
1943
1945
will
........
Canadian
Bessemer & Lake Erie RR.- -Earnings—
July-
Celco,
the
at
facilities
these
of
453.
p.
$4,709,212
$3,305,120
$2,335,987
$1,727,047
profit from opers._
Other income
1945—12 Mos—1944
1945—6 Mos.—1944
Period End. June 30—
facilities
producing
;
r >
some
The annual dividend
as compared with
.<
$31,752
was
Monday, September 3, 1945
income
Divs.
paid special
Ordinary shares
•Exclusive
of
shs.
profit
Pfd.
div.
requirements.
—V.
162,
p.
1,341,837
/
876.
sales of securities.
loss from
or
income
Net
Central Vermont Public Service Corp.—Earnings—
Total
income
Expenses
$1,012,096
$871,096
$845,604
90,361
„;
133,488
132,104
44,540
43,320
—
Taxes
21,063
Interest
bank
on
loans
53,400
36,599,
Balance
Assets—Investments
.
demand,
tNet income
-
$864,073
$693,067
$670,180
$725,185
499,800
500,343
512,594
JDivs;
distrib.
to
f
—
564,480
—
.<«£^d!ng !137'163 in 1945' $108,422 in 1944,
$126,046 in
at
market
Which
1942,
quotations.
credited
was
united
Light
(market
representing securities
and
tExclusive
directly
Power
to
Co.
of
$111,949 in 1943 and
received
net
earned
profit
sales
on
surplus,
preferred
dividends,
as
at
cost
price on date of
declaration $79 per share)
cash in lieu of fractions of shares of
such stock.
in
of
shares
of
Liabilities—Payable
Central
(2)
States
at
Electric
nominal
No
provision
value
has
at
at
Dec.
June
been
30,
made
has elected to be
company
c„Lpr.0Vi
Corp.
a
t,.
31,
1944
1945.
for
prepaid'
revenues—
$81,641;
Operating
expenses
256,233
261,675
1,740,286
1,687,718
income
$100,383
$83,390
$860,365
$749,955
$59,357 paid
—.
>
which
respect
in
and
expenses
accounts
$277; earned surplus, $179,605;
Net
of
securities
payable,
purchased,
$908;
$122,085;
and di¬
management
regulated investment
the
stock
total, $10,012,334.—V.
162, p.
!
668.
Canadian National Ry.- -Earnings—
under
company
that
its
net
taxable
Gross
earnings
Expenses
39,845,000
30,761,000
—
—
1945—7 Mos. —1944
$
$
1945,
were
$3,315,734 and
Balance Sheet,
$2'066,749;
#?&?&.
S.
$4,178,701,
investments, at
Liabilities—Notes
average
payable
to
secur-
ended
respectively.
banks,
162,
$
securities,
and
$34,329,217;
$4,500,000;
at
interest
total,
due
to
cost,
accrued,
$38,524,722!
brokers
for
^7Unii®S pur.cl?ase^ $67,185; accounts payable and accrued expenses
♦SL
L provision for Federal, State and city taxes, $25,210; cumulaWww?*
convertible preference stock (no par), series of 1929
stock (bSa/?f
4ftatl«.Value1t°f $25per share- $8,330,000; common
*7
Operating
oper.
5,261,936
■
revenues.
$1,980,842
Taxes
Equip,
Joint
fac.
Net
Other
■-
■r. ::r '
(£>r)
22,369
._
$877,522
$1,015,491
127,042
114,623
$1,004,564
343,352
$1,130,114
$661,212
■
•
i
oper.
,
..
37,343,154
int.,
$4,715,822
750,647
$5,809,438
$6,567,299
374,897
$5,466,469
2,405,885
$755,217
$3,060,584
$4,037 902
p.;
..
income
etc
Income
RFC Sells
757,861
2,529,397
$6,850,000 Bonds—
8,742,000
9,084,000
expenses
48,482,COO
49,725,000
Oil
Companies,
Ltd.—Preferred
Stock
Of¬
from
Net
Briggs Manufacturing Co.—Earnings—
reserves
renegotiation.—V.
162,
for
p.
contingencies,
ry.
from
in
shares
Canadian
the
market at
$100
per
—V.
243.
*
1943
preference shares are to be fully paid and non¬
rank with the existing 8%
cumulative preference
to
are
dividends
for
in
priority to the common shares and
are
to
1,947,700
$0.65
$0.63
adjustments
:
and
v
r
it 2\.
i.?.'
f, fix,''
"4:'~
184,000
198,000
cumulative dividends
to
Toronto
at such
or
and Montreal.'
.
from Sept.
fixed
The
1, 1945, and Oct. 1, Jan. 1, April l and July 1 have
quarterly dividend payment dates.
operates a complete refinery, which includes a topping
unit and polymer gasoline plant, also a lubricating oil
the
as
company
$40,743
$419,754
$399,058
13,092
18,928
91,643
132,496
$847,975
272,298
177,961
$830,442
63,666
income—
1942
1943
1944
1945
$728,119
153,190
244,138
$729,016
249,811
155,978
167,324
4,848,429
5,228,434
5,363,029
4,633.208
railway-
627.195
1,200,359
1,446,797
1,312,349
income...
453.
20,697
551,004
847,626
799,460
railway
from
oper.
liquidating value of each share of stock at June 30,
as
compared with $30.06 at Dec. 31, 1944, and
The
$32.61,
June
1945, was
$28.34 at
1944.
30,
Income
Six Months Ended June 30
Statement,
1942
1945
1944
1943
$322,952
$321,483
$314,416
35,094
Income
32,542
31,971
$287,858
$288,941
$282,445
$250,888
3,824
658
2,103
1,891
Expenses
invest,
Net
of
Balance
income-—
amt.
$276,309
25,421
*
avail,
distrib.
at begin¬
period—
Amts. set apart on sales
and purch. of shares
to equalize amt.
per
for
1
,
$54,157
require..
Century Shares Trust—Semi-Annual Report—
be
at the rate of 5% per annum payable
times as the directors may fix; are to rank pari
passu with the
existing 8% cumulative preference shares in having
priority in any division of the assets of the company to the extent
of par and accrued dividends; are to have no right to further par¬
ticipation in profits or assets; are to be redeemable in whole or in part
by lot at the option of the company at any time on 30 days' notice
at 1C5%
of par together with any dividends accrued due and remain¬
ing unpaid or without notice by purchase by the company on the open
market or by private contract at not exceeding the redemption price.
Transfer
agent
and
registrar, the Toronto General Trusts Corp.,
of
ning
-
for
available
share
Dr3,844
distribution
of
Drl,085
Crl,750
Cr2,249
$287,838
$288,515
$286,298
" $255,028
285,107
and cracking
plant and grease plant.
284,991
283,520
250,362
$3,523
$2,118
Amount avail, for dis-"
The refinery produces practically all products
including aviation gasoline, motor gasoline, kerosene,
various grades of lubricating oils, greases and paraffin wax
petroleum,
fuel
oil,
and candles.—V.
(Including
wholly owned subsidiary
Period End. June 30—
Gross
inc.
Sell'g,
adm. & gen.
Net
from
Bal.
income
$6,524,218
of
that
plant
per
com.
at
Bishop,
Dreyfus
Texas,
also
"are
it i.
i
t
■(' i
receivable,
receivable
counts
shares
sold,
for
$15,788,402; cash in bank, $366,554; accrued
$146,227; accrued interest receivable, $880; ac¬
investments sold, $138,107; accounts receivable
$2,943;
.total,
$16,443,113.
$3,737,125
Chicago, Rock Island & Pacific Ry.—Interest Payments
•
$1.55
stockholders,
at
the
satisfactory
that
.
$3,"799,718
•
$0.78
the
operations
reported
'
Sheet, June 30, 1945
$1,887,024
$0.73
letter to
•
$4,666
unrealized
Assets—Investments,
dividends
Dr.
company's
the
and
fully
account
new
stated
chemical
our
expec¬
company
-
r
j.
payable
for
payable
shares
accrued Federal capital stock tax,
-
$1.59
Dreyfus
meet
Liabilities—Account
$3,330;
has been authorized
by the War Production Board to expand materially its cellulose acetate
>
Balance
not include realized or
148,197
600,058
tations."
Dr.
gains or losses on investments.
does
6,528,000
$1,831,132
initial
statement
6,651,000
73,647
share.
from
above
3,342,000
600,058
-
—
$2,731
distribution—
141,012
70,058
3,188,500
accompanying
results
101,914
taxes
;
avail.
for investments purchased, $102,500;
purchased, $148,911; > accrued expenses,
$1,313; reserve for dividend
payable July 31,
1945, $285,107; capital accounts (represented by
633,571 shares of $1 par), $15,899,222; amount available for dis¬
tribution, $2,731; total, $16,443,113.—V. 161, p. 1312.
'
300,029
prem.,
income
his
204,682
•
$6,625,468 $13,531,141 $13,149,568
1,022,769
2,339,353
2,136,189
1,203,117
300,029
exps... —
Federal
income
—
payable
amount
Note—The
for
debt
and
for
32,844
$6,592,835
—
debentures
disct.
Prov.
$6,592,624 $13,326,459 $13,047,654
68,617
income
of
$8,704,351 $18,082,762 $17,040,261
2,111,727
4,756,303
3,992,607
—.
Depreciation
on
1945—6 Mos.—1944
2,481,127
profit
oper.
Other
$9,005,345
exp.
div.
for
companies)
1945—3 Mos.—1944
oper._
.
tribution
Res.
162, p. 564.
Celanese Corp. of America—Earnings—
In
$1,236,580
1,947,700
'/<■'f.
171,143
77,600
exp.
railway
162, p.
cumulative
assessable;
Earns,
"
1944
if*
&
railway
oper.
ry.
Net
*$1,257,342
post-war
167,116
20,000
From Jan. 1—
Net
on
•Also- after
23,385
23,800
564.
p.
from
Gross
Net
York' $6-850-00° principal amount of its
$28,256,000 holdings of Boston & Maine RR. 4% 'first
mortgage bonds
accrued interest.—V. 162, p. 564.
•
Common shares outstanding—1,047,700 '
Earnings per common share.——
$0.55
$754,201
Central Vermont Ry.—Earnings—
Gross
Amort,
*
$862,470
amort.
July—
share flat
Int.
series RR, at 100 and
div.
$1,000,000 5% cumulative preference shares (par $100).
Total
Charles B. Henderson, Acting Federal Loan
Administrator, announced
Aug; 24 that the Reconstruction Finance Corporation had sold
to
(Including Domestic Subsidiaries)
$84,128
inc.—
on
of
income——
offered
on
Quarter Ended June 20—
v.
>
-1945
Net, profits after charges and taxes
»$1,072,540
4,246
$100,846
disct.
stk.
Pfd.
for
Income
(Total
Net
rents
38,166,348
$2,214,434 $11,797,544 $13,440,724
962,447
4,899,264
5,651,814
208,783
2,023,374
1,792,244
27,713
159,084
187,228
income—___
ry.
Rentals,
.
866,104
214,847
(Dr)_III"
rents
5,283,619
debt
fered—Nesbitt, Thomson & Co., Ltd., Toronto, recently
been
J^£~Month~-1944
1945—7 Mos.—1944
$l-242,778 $7,498,053 $49,963,892 $50,783,878
revenues
:r Operating expenses
2,105
22,889
taxes
Acceleration
Net
accrue
Boston & Maine RR.—July
Earnings-
Net
Federal
38,481,000 253,714,000 252,060,000
29,739,000 205,232,000 202,335,000
The listing of these 5% cumulative preference shares on the Toronto
Stock Exchange has been approved.
The dividends on these shares will
Period End. July 31—
738
Deductions
—V. .162,
$
453.
p.
quarterly
Government
cost,
-V.
after
entitled
June 30, 1945
.ldends and accounts receivable
«
6126,334,
U.
Profit
The 5%
Tjue a88regate amounts of purchases and sales of portfolio
o°l ,nA
Government securities, during the 6 months
30,
as
such will not be
as
extent
463
(net)
income
Gross
Net
-Month—1944
1945—Month—1944
Period Ended July 31-
was
income
on
oper.
Non-oper. income
of
Canadian
taxes
$356,616
expenses,
compensation payable, $19,917; provision for taxes, $7,226;
total
capital stock, $2,679,902;
paid-in surplus, $7,002,415; paid-in
surplus to equalize the accumulated earnings subject to distribution,
-
Federal
£Lof ^he InternaI Revenue Code and
subject to Federal income taxes to
income is distributed in dividends.
June
receivable,
$44,658;
'
1945—7 Mos.—1944
$2,600,651
$2,437,673
Operating
rectors'
of
$505,123
1944
accounts,
the
sold,
1945—Month—1944
$345,065
deposit,
30,
31,
carried
dividends
and
on
/
and
net unrealized appreciation at investments
1945, was $15,895,410 as compared with $9,441,505 at
(adjusted in accordance with restatement of investment
and to eliminate $201,562 valuation of common stock of
June
Period End. July 31—
cash,
priced
Notes—(l) The Indicated
at
Dec.
accrued
securities
of
1945
$9,547,915;
securities
t 14,237
.
stock
interest
respect
total, $10,012,334.
accrued
com¬
stockholders
mon
499-,800'
in
30,
June
cost,
average
*
Divs.
on
opt. $3 conv.
pfd. stk., paid in cash
$336,265;
receivable
$1,855;
at
Sheet,
The
to
petition of trustees of the road for authority to pay $34,279,750
as provided
in the Interstate Commerce Commission plan
creditors
reorganization for the system was approved Aug. 28 by Federal.
Judge Igoe at Chicago.
Distributions per $1,000 bond are to be made as follows; general
mortgage: bonds of -1988, $189.14; first and refunding 4s of- 1934,
$102.22; secured 4y2s of 1952, $115; Choctaw & Memphis first 5s of
of
Volume 162
1949
tot.
THE COMMERCIAL
$500;
Choctaw, Oklahoma & Gulf first 5s of 1952, $174.66;
City Short Line 4'/2s of 1941, $87.97; Rock Island,
Louisiana first 4s of 1934, $118.45; Little Rock & Hot
of 1939,
s77-10; Burlington Cedar Rapids & Northern 5s
1934, $56.20, and convertible 4*/2s of
1960, $12.42.—V. 162, p. 779.
Paul
&
Arkansas
of
Number 4417
Kansas
&
Charleston & Western Carolina Ry.-Earnings—
July—
Gross
1945
from
Net
from
Net
ry.
railway
railway
$411,582
•
1943
•
'
$365,762
$327,437
129,948
135,198
31,218
61,642
42,390
'
75,396
'
Prom Jan. 1—
Gross
Net
■
■
from
railway
railway
from
'
2,557,293
2,762,581
2,658,721
1,027,452
,
1,090,224
2,253,184
896,614
573,284
1945'-
Net
from
railway
railway
from
Net ry.
$564,801
141,221'
income.
oper.
1944
1942
Total
from
Net ry.
—V.
$511,730
244,721
211,960
86.454
charges
78,391
4,131,332
3,628,927
3,512,521
1,362,103
1,660,818
1,507,898
1,357,461
560,408
573,464
566,191
469,451
564.
p.
Fed.
income
profit
Chrysler Corp.(Including
all
owned
United
subsidiaries)
States
1944
1943
1942
$
s
s
$
*
of
435,688,876 259,454,250
sell.,
engi¬
20,656,862
&
conversion
mobile
Prov.
and
12,899,464
etc.,
due
6,000,000
28,325,000
20,150,000
25,450,000
9,350,000
12,673,147
12,537,350
8,770,006
6,526,698
6,526,698
6,526,698
8,702,264
$3.98
inc.
6,000,000
tax—est.
$2.91
$2.88
$160,000;
adjustment
and
products,
including billable
less
allowances
returns,
costs
and
amortization
have
and
been
sales
and
expenses
in
following amounts:
$4,355,034; 1943, $5,044,151; 1342, $5,541,001.
fees
charged
1945,
to
cost
$5,008,981;
of
1944,
notes
405,986;
Operations of the corporation and its subsidiaries for the six months
June 30, 1945, and for the
year 1944 include transactions which
subject to the provisions of the Renegotiation Act providing
renegotiation and recapture by the United States Government of
found
to
agreement
to
be
be
excessive.
within
for
Profits
the
range
and
1942
transactions
on
for
any
subject to the
approved in
1943.
Consolidated
of profits which
Balance
Sheet
$
'Cash
126,727,390
47,000,000
25,000,000
Savings bonds for sale to employees
on deposit for
purchase thereof
'
and
cash
Excess
1,019,632
2,608,550
of
profits
tAccounts
Accts.
June
and
not
of
reserves
$7,553,699
foreign
77,454,871
at
subs. (Canada
in
2,335,958
2,337,680
and
misc.
2,335,958
2,338,520
391,328
operations
and
.4,057,182
accounts
current
-
232,042
233,277
and
equipment
801,000
801,000
50,236,829
(net)
48,430,625
Goodwill
'■i-
stock, $12,193,800; common stock ($10 par),
capital surplus, $17,672,463; earned surplus, $19,256,419;
647,688.—V. 162, p. 351.
:■
for
May
due
depreciation
28,
under
1947
to
1946,
of
$6,899,611),
patents,
goodwill,
Public
accounts
Law
768
$549,-
1945,
(estimated),
payable $375,000 annually,
$422,540; 7%
preferred stock
stock
common
$1,647,628;
(677,844
earned
shares
surplus,
$4V-
par)
no
$8,917,614;
181.
p.
Net ry.
Gross
i
J
1,442,188
charges
Net
total,
1945
1944
$402,448
472,642,462 509,459,033
Accounts
with
Accrued
and
77,493,923
for
and
Reserve
for
Reserve
2;686,193
Reserve
for
Reserve
for
22,800
$354,850
$356,347
322,294
$0.45
322,294
;
share
(Amounts at which
$0.44
^
55,367,764
assets
$28,185,304;
total, $28,911,355.
of
and
business
carried
are
on
the books of
the corporation)
deferred
.
charges
...
(principally
or
at
on
preferred and
2,354,584
3,333,203
$5)
2,027,865
3,333,203
21,755,660
___•
21,755,GC0
at
Dec.
31,
1944,
$30,241,379
be
to
used
at
June
exclusively
^Including billings for costs and fees
less
of
reserves
$99,433
at
30,
June
30,
on
1945,
on
and
of
Government
cost-plus-fixed-fee
1945.—V.
162,
p.
350.
1945
railway
I
Net from railway——__
Net ry. oper. income—.
July—
1945
1944
1943
$3,204,983
$3,370,365
$3,038,061
$2,675,196
1,147,349
1,325,754
1,378,621
1,241,915
436,441
railway
railway.,
443,443
612,843
340,801
income
railway
Net from railway
Net ry. oper. income...
—V. 162, p. 565.
■From Jan..1—
$138,636
$164,572
42,761
50,170
49,970
80,035
20,047
35,503
21,969
22,418
1942
railway——
railway
992;,625
405,951
1,050,184
448,913
239,030
•
136,046
oper.
1,034,268
352,840
903,081
287,373
income—
—V. 162, p. 565.
155,672
showed
a
lowing
are
and
the
outstanding
25-year 5%
gold debenture bonds, due
1952, have been called for redemption on Oct. 1, next, at 102
Payment
140 Broadway,
wil
lbe
made
York,
N.
at
Y.—V.
Guaranty
the
162,
p.
Trust
Co.,
22,475.576
21,180,996
16,390,503
7,515,331
9,187,541
10,156,129
6,882,709
2,725,646
Gross
surplus..___
passengers
2,961,686
3,530,323
2,692,759
Disc.,
1,013,403
3,647,141
7,904,178
8,000,054
971,002
5,092,813
10,025,635
7,245,671
761,307
18,518,040
20,522,376
7,181,894
7,283,958
23,125,425
7,335,571
498,633
319,986
29,968
569,784
273,661
4,448
1945—7 Mos.—1944
$61,384
$51,013
$425,413
$433,984
10,504,494
10,135,761
73,479,437
70,556,227
.
_______
for refunding company's entire outstanding mortgage debt
has been approved by Edgar Dow Gilman, Director of Public Utilities
of the City of Cincinnati.
J
:rThe
plan
calls
for issuance of $1,170,500 of 2%
one-to-four-year
and
$6,562,000 first mortgage 33/4s of 1965.
These se¬
replace the present $4,927,500 series A 5>/2s of 1952 and
$2,805,000 B 6s of 1955.
The A bonds are to be called for redemption
notes
.
will
Oct-
and
to
be
15
sold
the
B
at par,
of
insurance
p.
1944
'
*
•
,
% Decrease
187,168,000
190,148,000
15.2
1.6
186,956,000
190,280,000
' ;1.7
4—
—V.
162,
The
185,876,000
6.8
189,525,000
877.
p.
weekly kilowatt-hour output of electric energy of subsidiaries
corporation, adjusted to show general business conditions of
for the week ended Aug. 23, 1945, amounted to 238,-
this
territory served
compared
as
decrease
a
of
with 252,469,236 for the
13,932,798, or 5.52%.-
j-
A
committee
proxies
to
week- in
corresponding
be
from
called
of
five
to
act
has
on
'C-
-
the
SEC
with
amended
an
■
1
asked
stockholders
common
for
respect
authority to solicit
a
soecial meeting
to
plan of recapitalization which has
been
approved by the Commission.; The committee consists of Alfred
Snyder and Elizabeth C. Lownsbury of Philadelphia and William H.'
Brantley, Jr., William Hassinger and Marvin F. Pixton, of Birmingham,
Ala.-
■
■
.a-'.
Preferred Dividend Declared—
dividend
the
date
the
the
on
board of
the
V.
SEC.
the
of
close
.162,
of
Commission's
on.
stock
of
order
the
share
per
declared
was
however, to an* order
made 28 days after the
holders of preferred stock at
to
the
to
14th
$1.25
subject,
Aug* 28,
is proposed
on
payment
business
877.
p.
preferred
directors
The
be
day after the date of such order.—
■
r>;/
Consolidated Edison Co. of New York, Inc.-rOutp.ut
output Qf elec¬
tricity
(electricity generated
and
purchased)
for the week
ended
Aug. 28, 194&, amounting to 166,600,000 kwh., compared with 166,500,000 kwh. for the corresponding week of
1944, an increase of 0.1% .
company
Aug.
on
distribution
with
of
of
kwh.
4.8% .—V.
that
announced
electricity
154,400,000
increase
29
for
162,
p.
amounted
the
System
kwh., com¬
week of last year,
161,800,000
to
corresponding
877.
.
.
profit
mfg.
on
sales
...
1,076,451
3,808,487
6,131,725
7,564,424
premiums, fees, etc
Gross
income—
—
Sell., admin, and gen. exps.
Taxes
(except
income
Distrib.
and
to
for
profits taxes)_
exch,
losses
Inter,
and
its
.
Canadian
in
fluctuations
of
excess
and
loss
adjust,
chgs.—
exps.
and/or excess
1,500,252
3,787,540
541,559
5,174,046.
555,802
4,639,266
756,014
prof¬
discount
reneg.
.
net
(CD
losses
for
and
policyholders—
Insur.
Res.
excess
Canad.
for
losses
S.
U.
...
1,089,868
2,497,791
2,058,319
tax
Light Co.—;
The
has contracted to sell Its 100%. common stock interest
Gas Light Co. to Southern Natural Gas Co., subject to ap¬
the regulatory agencies having jurisdiction.
The base price agreed on is $11,000,000 plus earnings of the At¬
lanta company since April 1,
1945.
The Southern Natural is controlled by Federal Water & Gas Corp>Consolidated proposes to apply the proceeds of the sale to retirement
of most of the
remainder of its collateral trust 6%
bonds of 19)57
in
1,816,290
4,100,00(7
2,595,592
3,125,502
272,000
3,423,047
378,890
4,285,647
384,658
bonds
Oct.
1.
Both
notes
and
mortgage bonds
the former to three banks and the latter to
453.
companies
and
the
Fellows
of
Harvard
a
are
group
College.—V.
162,
company
Atlanta
proval
647,539
233,495
32,554
115,230
chgs. and Com.—
serv.
insur.
of
>
.
and
These
1962.
amount.—V.
162,
outstanding
are
in
■
Y
■
stockholders
$15,000,000
will
vote
on
Sept.
v■
Inc.—Proposed Merger—
28
approving
on
agreefnent
an
July 27, 1945, which provides for the consolidation
with Setay Co., Inc. (N. Y.) and its supsidjajy,
Republic Pictures Corp. (Del.), Setay Co., Inc., to. be the s,uryli|Kig
corporation, but will change Its name as of the effective date of tne
merger to Republic Pictures Corp.—V. 161, p. 2657.
■
<
of
of
merger,
this
dated
company
-•V-'UihR
c-i
.
income
for
for
Res.
oper.
—
contingencies..
def.
purchase price—mfg.
_
subs.
Net
from
_
610,771
—
income for minority
9,168
4,038
13,259
interests—
Net
income credit
Preferred dividends
,
dividends
Common
stock
per
outstanding
2,840,243
259,118
1,841,473
1,841,473
$1.51
share
Balance
3,281,049
259,118
2,762,209
1,841,473
$1.64
3,040,059
259,118
2,301,841
1,841,473
$1.40
to earned surp.
Sheet,
June
30,
(Including Wholly Owned
$19,837,066;
647,688.
.
Liabilities—Credit
balances
'
•■';■■'■/ ' .V-
of
;;
manufacturing
$3,813,263;
and/or income or
renegotiation
U. S.
and Canadian income and
$4,818,729;
sundry,
$11,622,864;
including
accruals
and
and
excess
excess
other
selling
profits
profits
taxes,
'■ V "
agents*
taxes,
taxCs,
$6,681,692;
jaiut
Domestic Subsidiaries)
'
6 Months Ended June 30—
Sales to customers,
Sales
to
of
less returns, allowances, etc.
subsidiaries
exclusive of depreciation
administrative
Selling,
Gross
Other
and
general
$5,607j8fl4
$6,339,786
210,396
202,949
—
4,601,537
5,145,694
470,058
expenses-
,
,
Drl5,241
(net)
for
for Federal
income
—
share...———
—
590,000
$219,003
.
$0.48
0
,1,542
*$745,804
.97,116
102,738
depreciation-...—
taxes on income.——
Earnings per common
*
.
$911,742
income
•Provision
472,Sit
$744,262
$926,983
profit
income
Provision
Net
v194*
1945
V
foreign
sales,
Total
1945
accounts and notes receivable, $85,372,225;
inventories, $4,394,020;
investments (at the lower of cost or
market),
$40,524,573;
fixed
assets,
$3,808,902; U. S. and Cana¬
dian
post-war credit-excess profits tax, $392,472;
due from U. S.
Navy
on
emergency
plant
facilities
contract,
$243,532,
payable
monthly,
plus $206,366
for additional
facilities, final. cost cer¬
tificate
not
yet
issued,
$449,899;
cash
surrender
value
life*
insurance,
manufacturing
subsidiaries? $175,194;
repossessions
at
depreciated
value—motor
cars,
$32,126;
other
assets,
$9,830;,
prepaid expenses, $485,854; cars used by representatives, at depre¬
ciated values, $163,868; unamortized debt expense, $1,659; tbtal, $155,Assets—Cash,
farce
•;■
•■ ;"-■■•.-
Consolidated Film Industries,
The
approximately
877.
p.
'
V
Continental-Diamond Fibre Co.—Earnings—
Net
Consolidated
1945—Month—1944
plan
curities
'
1943
1944
1945
acquired
228,800,173 259,902,373 230,507,598
Gross insur. prem., prior to reinsur.
8,186,167
9,245,605
7,303,736
Net*sales—mfg. subs
36,728,145
40,366,843
49,724,660
Ry.—Earnings-
Refunding Plan Approved—
serial
'
year:
160,791,000
an
receiv.
Common
Cincinnati Street
-
last
1945
^
173,265,000
Local
877.
(& Subs.)—Earnings—
6 Months Ended June 30—
corresponding period last year. Fol¬
output totals of the past four weeks
-
pared
New
the
with
11
The
of
1,
from
kilowatt-hour
comparisons
18_
Aug.
...
5% Bonds-
interest.
decrease
the
Aug.
of
The SEC has approved the proposal of the corporation to issue $22,of two-year bank loan notes and to use the money, with
approximately $10,640,000 from its treasury to redeem on Oct, 1 at
102 Vz its $32,000,000 Of 5% debentures of 1952.
The bank loan notes will, bear l'/2%.
and
a
Aug.
by
000,000
May
6.8%
percentage
A
Calls
Outstanding
$575,000
100,000 shs.
300,000 shs.
25
158,427
Columbia Gas & Electric Corp.—Notes Approved—
Res.
21,156,528
.
Period End. July 31—
The
Present Financing)
$1,500,000
Commonwealth Edison Co.—Weekly Output—
J.
V
■
from
from
Earnings
Rev.
of
($100 par)
Electricity output of the Commonwealth Edison group of companies,
excluding sales to other electric utilities for the week ended Aug. 25
Cost
from
to
(Upon Completion
redeem, pfd. shs.
Common stock (no par)„
1942
$134,796
From Jan. 1—
Balance
Transfer agent for
redemption.
To Solicit Proxies—
1943
1944
,
$124,059
Normal income tax and surtax
Cincinnati New Orleans & Texas Pacific Ry.—Earns.
Gross
date fixed for
shares: Montreal Trust Co., Montreal.
Commonwealth & Southern Corp.—Weekly Ouptut—
'
1653.
p.
from
Res.
472,642,462 509,459,038
_______
'Including special deposits of
oper.
to the
common
cumul.
1944,
Res.
from
be
accrued dividends
......
Sundry income
152,012,070
ry.
shall
the current
$11,857;
taxes),
40,000,000
162,812,206
Net
are. to
be. fully paid and non-assessable; preferred
and dividends, and entitled to cumulative preferential
priority to the common shares at 5% per annum payable
April, July and Oct. 15 in each year and no divi¬
paid on the common shares unless all accumulated and
quarterly dividends on the preferred shares have been paid
provided for.
Subject to redemption by call as a whole or in part
the option of the company at any time on 30 days' notice at 105
the amount paid on such preferred shares plus all accumulated and
dend
536,438
41,000,000
general
automobile
surplus
Net
shares
in
quarterly, January,
total, $28,911,355.—V. 161,
Gross
Earned
from
Co., Ltd., recently offered in the Cana¬
5% cumulative redeemable pre¬
($106) per share and dividend.
$575,000
capital
of
Earn,
25,958,106
Gross
to
as
dividends
franchise tax and accounts payable, $23,845; divi¬
July 3, 1945, $161,147: prepaid interest, $356: capital
stock, $4,028,670; capital surplus; $24,246,380; earned surplus, $450,957;
5,414,892
25,958,106
contracts,
market
Aug.
payable,
3,201,671
custodianship liability
contingencies
(par
53,835,911
surplus
$24,034,703
19,334
ferred shares at par
Liabilities—State
5,481,595
Capital
contracts.
88,565
565.
p.
Week-Ended—
Sheet, June 30, 1945
Assets—Cash, $580,190; dividends receivable, $47,612; U. S. Treasury
tax series,1 $2,873; equity in notes receivable, $83,520; invest¬
ments
(after deducting reserve as authorized by directors of $50,-
3,201,671
rehabilitation
re-estab.
Capital stock
Total
f
Combined Enterprises, Ltd.—Preferred Shades Offered
22,894
22,600
86,743,775
commitments
on
plant
and
reconv.
2,174,361
70,773,786
on
loss
for
649,982
taxes
materials
war
inc., less post-war credits, est.
operating reserves
General
112,351,542
423,771
insurance
contracts
on
rolls
pay
subsidiaries
interest,
taxes
739,081
35,151
Consolidated Electric & Gas Co.—To Sell Atlanta Gas
payable
Advances
162,
W. C. Pitfield &
dian
Liabilities—
Accounts
Federal
•
$402,041
24,999
.
Commercial Credit Co.
Total
18,066
825,758
115,802
28,222
61,394
income—
oper.
Capitalization
2,696,796
"""
912,538
154,256
53,927
railway
'
railway—____
from
5%
—
trustee,
143,619
$131,080
8,513
979,085
1942
$97,227
*5,436
♦9,841
$142,995
21,698
1,193
frbin
Net ry.
805,734 shares.
Ail
5,858
income
oper.
•
notes,
Net
$123,599
-
From Jan. 1—
Preferred
$375,000;
1952,
contingencies,
surplus,
161,
railway.—_
railway—.
Authorized
per
Gross
$18,414,730;
total, $155,-
1943
>
from
from
'Deficit.—V.
commissions, royalties, etc.,
capital
stock,
payable
July
2,
Government
for
Net
$4,811,032; U. S. Government
Canadian Government securities,
at
due
preferred
payable
Columbus & Greenville Ry. -EarningsV
1945
1944
Gross
•"
Corp.—Earnings—
accts.—officers
partially-owned domestic subs.1
plant
Deferred
1945
wages,
paid
dend
reserves
preferred
172,683
74,598,497
employees
in
142,004,924
342,160
cost
used
advances
Property,
30,
profit
Net ry.
50,028,386
foreign subs.
cost-plus-fixed-fee
on
contracts
1945)
investments
Invest,
total,
$3,397,000;
'Earnings
Gross
993,404
58,130,538
fees
England)—at
Expense
5
bonds
wholly-owned
and
wholly-owned
estate
Sundry
treas.
110,296,877
facilities
(after
30,
in
and
from
and
Inventories
Invest,
refund
and
receivable
costs
supply
Indebtedness
tax
receiv.
Unbilled
:
$
147,048,155
Certif.
War
Real
'
notes
S.
June
operations, $332,029;
$25,909,741.
income
'On
collected,
hand,
reserves
payable,
July—
Dec. 31,'44
■
S.
Sheet,
were
June 30,'45
U.
$2.03
:
to
salaries,
reserve
Cliffs
Net
1949,
30,
are
$1,682,623;
reserves,
unearned,
$9,653,106; minority
interests'
equity
in
subsidiaries
(capital stocks and surplus), $177,890; 4V*% cumulative convertible
Colorado & Wyoming Ry,—Earnings-
'Assets—
U.
on
(after
$1;
S.
capital
000,000),
are
appear
Balance
and
cost-plus-
on
-ended
the
677,844
$1.32
Balance
civilian
provisions,
Note—Depreciation
profits
677,844
$1.99
677,844
$533,118
Federal taxes
contracts.
Act
$673,245
677,844
charges
on
U.
$100),
$2.02
share
materials
fixed-fee
/$221,359
847,305
and
dividends
'War
'677,844
677,844
accrued for Federal, Canadian and other * taxes? $2,654,187;
under contracts relating to patents—not payable within one
year,
Expenses
1,000,000
17,326,834
Fed.
Earnings per
677,844
$356,813;
Total
auto¬
profit
Cash
118,895
banks-and
deferred
Dividends
Net
118,895
118,895
$1.48
equipment
dividend
loss
July—
6 Months Ended June 30—
re-es-
of
profits
exc.
14,464,422
re¬
business
for
17,349,852
reha¬
gen.
tablishment
in
$713,677;
$59,448;
2»/4 %, due Sept.
when receivables
$30,900,000; ,margin due
$1,768,400; dealers'
for losses and loss
expenses, Insurance subsidiaries, $8,235,675; reserve lor contingencies,
$5,934,272; reserve for losses on lien obligations, notes and accounts
receivable,
$1,818,868;
reserve
for
Canadian
exchange fluctuations,
$1,103,842; reserve for dividends to policyholders of insurance subsidi¬
aries, $608,286; other reserves, $185,767; deferred income and charges-
service,
plant
bilitation
and
only
1,445,394
$1,499,318
share
$25,909,741.—V.
int
&
706,352
$1,469,984
at
cost,
$2,250,000;
$292,500; accounts receivable (net), $3,621,685; inventories (per
inventories), $11,403,272; miscellaneous assets, $78,186: property,
cost,
(par
616,525,091 421,96i;655 377,237,105 228,434,781
admin.,
for
207,897
$1,018,098
118,895
securities,
$2,250,000;
contracts
adv.
1,304,800
stock-
com.
per
notes,
participating
excess
$1,121,708
Assets—Cash
due
683,833,787 478,134,653
sales, incl. costs
under cost-plus-fixed-
neering,
122,064
*
$324,969
Earnings
849;
686,647,227 477,552,789 435,405,318 259,250,081
186,560
581,865
283,558
204,170
Total
Prov.
113,694
$3,121,046
176,334
dividends-
payable,
Cost of
of
88,436
Liabilities—Note
1945
income
fee
2,298,400
(net)
trade-marks,
wholly
Sales
Exps.
$1,339,690
dividends.,-.—
$3,121,036;
6 Mos. End. June 30—
k4
$2,514,944
_
and
tax
Shares
plant
*
58,422
profit—
book
'
Other
53,561
...
71,451
244,716"
3,895,277
income
oper.
162,
618,171
57,314
Consolidated
railway.:
Net from railway.-,....
v
$2,444,453
1,032,732
52,054
income
Prom Jan. 1—
Gross
$1,212,107
844,865
Surplus
$559,453
$601,628
73,252
__
$437,511
income
Common
1943
unsecured
,.
$920,513
(net)
981
customers
1942
"sanforized"
'
Other
Net
Chicago & Illinois Midland Ry.—Earnings—
1943
1,542,377
...
from
royalties
Preferred
Gross
1944
...
529,274
287,948
July
1945
$16,523,389 $15,629,245 3>18,550,392 $17,967,517
Costs and expenses——
15,397,839
14,973,461
17,116,909
15,360,013
Depreciation
205,037
218,273
221,375
163,051
Other
545,538
827,684
Net ry. oper. income...
—V. 162, p. 564.
sales
Balance
153,026
CHRONICLE
Cluett, Peabody & Co., Inc. (& Subs .(-Earnings6 Mos. End. June 30—
Net
Inc.
1942
:
$403,695
i
81,270
v
income...
oper.
1944
& FINANCIAL
,
4,55,Q00
,
$193,688
,
$0.43
of $70,000.
..
Provision has been
made in the profit and loss statement; for^the
six months ended June 30. 1945. for the renegotiation of selling prices
on
a
basis comparable to that used In the renegotiation agreement t6peluded for 1943.
The statement for the period ended June 30 1944,
has been revised from that presented to stockholders Aug. 2, 194V by
eliminating a similar provision as it is not expected that any refund
wiThave to be made for the year 1944.
Net current assets at June 30, 1945,
amounted to approximately
$5,003,000, of which $1,090,000 represented cash.—V. 162, p. 245.
'After
1945
post-war refund
^
y
Gross
"Cost,
taxes,
admin,
$38,410,790 $32,224,412 $74,187,131
income.™.
oper.
56,413,430
45,398,695
4,799,690
6,887,418
4,390,026
6,719,937
and
oper.
exps.
$62,643,439
23,531,907
29,402,927
*—™
deprec. and sur¬
rendered
leaseholds.
2,172,858
costs™*
4,100,325
Depl,,
devel,
Intang.
•Net
other
and
Divs.
Profit
LfS
595,007
income
Dr54,782
Dr300,000
tingencies
its equity in controlled companies not consolidated, was
barrels per day compared with 86,325 barrels daily for the
same period of
1944. Net production for the first six months of 1945
amounted to 92,976 barrels daily as against 85,480 barrels daily for
the first six months of 1944.
The increase in crude oil production
95,860
1, 1945, of
from the company's purchase since March
the outstanding capital stock of Navarro Oil
in part
of
99%
over
produces approximately 6,200 net
of
Total
wells
180
barrels daily.
during
completed
were
Co., which
months of
the first six
which compares with 207 for the same period of last year.
Cash and Government securities, including tax notes, amounted
on
June 30, 1945, which
1944.—V. 161, p. 2329.
compares
$18,408,137
30,
to
with $16,985,147 on
Total
income
Oper.
exps.
Net
earnings
$94,130
24,889
24,975
19,871
$82,586
$72,837
$69,155
$71,346
1
...
8,221
from
7%
$53,712
$56,403
$60,579
5,667
5,666
17,500
46,067,423
12,755,376
47,370,105
16,774,603
40,833,982
13,147.164
7,301,643
7,652,508
6,144,464
162,
income
$40,385
$27,584
*29,823; "
1,225,908 %
317,91a
Gross
Operating
Operating
revenues
$3,233,326
837,789
538,693
plane an average of 14.02 hours, or 1,903 miles per day,
Industry average, according to
a
Civil Aeronautics
based on schedules in effect April 1, 1945.
$192,340
$205,085
97,419
JL00.195
profit.
$189,144
10,902
$189,198
15,023
$107,666
16,507
$92,145
7,645
profit before int.,
'
$200,046
$204,221
operating
Other income
Net
deplet:, depr., etc..
charges __™™
20% above the
analysis
Board
Interest
•
profit
Preferred dividends
$67,731
11,185
...
$10,719 profit on
deducting
"After
and
banks
in
surplus™
—•V. 161, p. 2441..
railway
from
from
Net
ry.
railway
income—
oper.
1943
$6,251,199
2,847,390
1,666,290
$5,429,221
1,488,878
(after reserves for
878,033
from
Net
ry.
45,921,479
18,315,756
railway
40,159.882
25.877.576
17,887,117
9,188,773
10,294,195 ' 7,320,217
39.203,770
12,113,269
8,402,345
railway
7,941,940
income—
oper.
162,
idends
aggregating $il3,737), $1,652,899;
$214,880; treasury common stock
stock
preferred
on
surplus since Dec. 31, 1939,
566.
p.
depreciation, depletion and
$1,061,432; land, buildings and equipment not
(net), $133,619; prepaid and deferred charges, $7,139;
038),
1942
$4,807,770
2,103,990
1,805,899
From Jan. 1—
from
'
amortization of $1,747,-'
used in business
total, $1,959,571.
Liabilities—Note payable, $1,000; accounts payable, $73,380; preferredi
stock dividend payable Julv 5, 1945, $5,500; due to officers and em¬
ployees, $943; accrued liabilities, $110,436; $1.50 cumulative conveYtibl®
preferred stock (par $2ui, $294,500; common stock (par $1), $460,520; "
paid-in surplus (after charging deficits aggregating $822,976 and div¬
RR.—Earnings—
1944
1945
$7,492,089
3,170,648
1,285,730
July—
from
Gross
Net
Crane Co. (&
;
shares
cost, Dr$854,488;
at
Earns,
per
*„
com.
post-war refund and debt retirement credit of $2,647,228
provision of $6,000,000 for reserve for war loss contingencies.
tBefore taking up unrealized post-war refund credit on excess profits
taxes in the amount of $185,987 in 1945 and $1,707,160 in 1944 and
♦After
from
Net
ry.
—V,
provision of $3,000,000 for reserve for war loss
162,
contingencies in
669.
p.
*
'
■
•
'
■
Operating
v
.■
income :*™_-
Total
Prov.
Co.
$183,504
$710,624
68,851
and
319,168
84,000
152,101
*
*$9,654
$239,283
$29,287
$808,3371
650,505
$42,882
77,966
income—
from
Gross
Net
from
Net
ry.
1,192,111
income.™
—V. 162, p. 566.
•
J*
196,587
146,057
5,665,777
2,721,364
4,889,474
2,097,468
1,519,970
.
1,127,913'
of Telephone Company
Floyd W. Woodcock^
just been entered into for the sale of East Coast
to Galleher & Co., Inc., of Richmond, Va., for
plus net current assets as of the date of settlement.
It is contemplated that the sale will be consummated in October, 1945.
Proceeds
received from said sale will be used to retire company
Co.—Partial
Re¬
bonds
at
par.
the sale of the Telephone
only of the securities of
consist
will
of
,
Canadian Subsidiary)
(Including
.
and
adm;
1,544,717
expenses
1,434,609
6 Months
1.242,479
1944
$4,422,790
3,645,314
358,684
314,528
1945
$5,183,032
4,328,949
Ended June 30—
sales
Net
.
.
Total
income
Income
charges
•
Subs.)—Earnings—
Curtis Publishing Co. (&
6 Months Ended June 30—
1945
•
operating income
$34,644,685 $33,718,842 $30,221,373
before Federal and State
income taxes
5,454,070
4,787,485
3,272,822
Reserve for Federal income tax—
952,000
1,007,250
1,140,500
'
™„_
for Fed.
for State
earnings
Net
159,576
110,097
$1,865,659
nut
has called for redemption on Oct. 1, next, $1,149,860 of,
debentures due Oct. 1, 1955, at 100 and interest.
Pay¬
the Girard Trust Co., trustee, Broad and Chest¬
will be made at
Philadelphia, Pa.—V. 162, p.
Sts.,
See
Electric
)t >
■
-
Power
K
&
Light Corp.—V.
162, p. 566.
-
Net
Total
revenues
operating
Property
——
surplus
Dividends
Taxes—othefr than income and
Federal
income
Federal
excess
4,643,385
*
appropriations™*--™—86,316
reserve
excess
end of period—
surplus,
assets,
Net
•
profits
274,197
taxes
$138,517;
$1,077,451
*
1629.
fend.
other
Cost
of
554,996?
—
$522,455
Net
from
Net
ry.
railway
From Jan. 1—
.
—V.
from
-
1945—3 Mos.—1944
income
credits.
Net
$5,078,896
of
at
V.
June
were
161, p. 2217.
1,872,848
1,023,389
18,834,803
3,508,440
.
•
5,408,322
-
5,462,515
Operating
revenues
™_
•
■
$5,122,240 $10,289,377 $10,417,157
Prior
.
1,158,761
1,231,344
2,432,127
4,407,686
345
345
690
1,203.033
1,197,173
2,380,829
inc.)
taxes™
1,578,533
1,841,888
3,237,974
799,778
2,973,692
•
S'tate income-taxes-;—-
P 292,833
299,066
643,766
profits
Net
109,394
Total
383,347
414,331
761,527
844,804
oper.
;—y---/?'?
■■■;
$7,538,980
revenue—
other
income
56,986
Total
Eastern
112,800
70,800
237,100
191.000
$364,504
$722,776
1945,
$745,185
$0.88
current
$2,431,293,
"Gross
or
a
$0.91
assets
net
were
$1.81
$9,212,090
and
$1.86
current^
working capital of ,$6,780,797.—
I-;.-'"-.;,
'■
.
income
Total ipcome
Net
Divs.
.
—V.
deductions
income
on
5%
preferred
Divs.
$7,595,966
Commerce
Utilities
125,958
bonds.
on
161,
cumul.
common
p.
1st
stock
2658:
687,500
stock
4,305,656
>.VV.. :
1,520,355
2,982,455
?
687,500
4,305,656
•
1,375,000
8,396,029
v
1,375,0008,718,953
,/-•:? •/ •.vy/™ v-'/,./;.•/•/
Massachusetts Street Ry.-^-To Refund Bonds—
notified by John I. Donovan of the Board
to the approval of the Interstate
Massachusetts Department of Public
company will shortly refund its outstanding issue of 4%»;
Trustees that subject
Commission and the
the
;
There are
outstanding $5,950,000
$250,000 will be called for payment
with sinking fund requirements.
3,060,811
$5,465,881 $10,507,649 $10,432,448
•/ -.•■?:p..v,.-v;. .v>
. _
$11,957,969 $9,740,191
U. S. Treasury notes.—V. 161, p. 2217.
4% bonds due in 1962. Of these,
at 102% on Nov. 1 in accordance
The remaining $5,700,000 will be
called for payment at 105% and be replaced with:
«
(1) $2,100,000 serial notes bearing 2(4%
interest, maturing in the
amount of $300,000 yearly.
These will'be purchased by the Bankers
121,839
$6,986,237 $13,490,104 $13,493,259
1,500,376
$6,095,590
Public
-578,839
'
61,762
3,394,390
1,417,650
150,000
" 3,357
249,720
2,130,082
2,482,688
2.137,314
The directors have been
of
799,778
':v———-' ;
V'1""''1
—
.2,526,832
2,444,416
$400,000 in
196,970
—•*__:—
—
_—
"After deducting
$6,924,474 $13,364,146 $13,371,419
*
*
surplus
4,391,888
1,144.800
8,526,775
share™
30,
:
tax
8,525,032
42,942
$349,423
reserves
preferred stock (par $20)_™
stock (par $10)
2,553,572
income
250,000
79,482
Earned
690
exc.
-
$349,030
623,350
**____
surplus
4,427,146
(other than
•
Capital
2,483,318
2,218,667
Federal
•
—
Common
and
leases
for
Reserves
Other
■
.
2,236,577
Taxes
1945—6 Mos.—1944
Oct. 1, 1959*.
3%% 'bonds due
13,410,260
3,282,675.
•
bonds due Dec. 1, 1953™.
possible inventory price decline..
Sept. 30, 1945.—_
mortgage 5%
.....
$11,957,969 $9,740,191
-
mortgage
-
5,387,340
$498,965
*38,990
192,000
224,894
2,308,000
First
Maintenance™—™*.:,.
adjust.
5,264,937
-
First
1945—6 Mos.—1944
1945—12 Mos.—1944
$22,365,776 $22,186,679 $44,076,861 $44,271,460
7,211,911
> 7,673,940
14,635,948
15,664,807
____
less reserves'
**_™J
2,000,000
Total
Sinking fund payment due
Other accrued liabilities—
,
■/■■ Period End. June 30—
const, purposes..
property and timberlands,
21,671,475-
9,277,276
'■
notes held for
payable
Accrued Federal income taxes—•-—*
-
.
21,475,329
10,299,720
112,473'
135,687
211,582
Liabilities—
•
1,086,645
1,287,854
Accounts
4,708,085
.
162, p; 566.
21,375
r*
__
income per
As
2,268,033
.
f.':
4,219,529
53,076
4,211,950
expense,
& deplet.
liabilities
4,121,759
10,213,685
income—
operat¬
&
income
1942
$6,279,940
21,602,567
railway™
oper.
Federal
Fed. & State income tax
Net
-
railway
U. S. Treasury
,
1943
$6,480,971
4,674.838
—
—
operations
funds
Sinking
Ry.—Earnings—
1944
$6,116,625
y
i
1944
$492,934
700,002
848,700
976,410
1945
$1,139,330
100,000
952,744
1,001,522
notes
Pulpwood and logging
Miscellaneous assets
1200.
2,099,145
income.™
oper.
acquisition
Incl.
sales
cancellation
p.
3,817,190
-
Approp.
June 30revs.,
Treasury
$2,137,314
Sheets, June 30
Cash
U. S.
$5,808,832
railway
.
Deprec.
other
to retire, res.™
Amortiz. of utility plant
,
ing expenses
Interest
161,
1945
from
ry.
Deep Rock Oil Corp.—Earnings—
Period
$471,091;
$2,969,599.
July—
Gross
from
*
Sales & oper.
(net),
Balance
Plant,
Net
122,444
-
surplus reserve™
p.
assets
$2,444,416
period
Consolidated
Assets—•
Receivables—less reserves
Inventories (except pulpwood)
Operating expenses
160,
fixed
surplus at end of
Earned
'
preferred stock
stock
—
$2,220,417.
6.243L
132,593
76,860
$2,577,009
:
common
on
1945
deposit, $823,353; accounts receivable,
and on
80,000
accruals
*
(maturing within
one
year),\$50,000;.
accounts
payable
liability for merchandise in transit of
$102,358), $186,471; accrued taxes, $360,308; accrued expenses (rent,•
water, lights, etc.), $29,300; reserve for current year's taxes, $437,594;
notes
payable
(maturing after one year), $200,000;
capital
stock
(par $1), $250,000; paid in surplus, $778,903; earned surplus, $677,023;
Gross
$1,199,894
—
Balance—transferred to corporate earned surplus..
—V.
$473,319
Dividends
Duquesne Light Co.—Earnings—
income "
to
$587,715
1
surplus
1,969,490
2,254,997
surplus.™
Dividends on prior
payable
(including
183,650
profits, taxes
revenues
deductions
Transfer
$585,819
112,500
Sheet, June 16,
$1,482,400;
total,
$662,715
75,000
"Liabilities—Notes
251,950
operating
Net
hand
on
inventories,
$54,237;
Net
Income
earned
422,351
$677,023
—:
$250,918
$242,012
profit
Previous
Adjustment of prior years tax
$752,023
75,000
-
paid
Earned
*
$6,639,392
™_
expenses™—™
retirement
598,482
Dulutli Missabe & Iron Range
Earnings Statement for 12 Months Ended June 80, 1945
operating
—-—
Total
Dallas Railway & Terminal Co.—Earnings—
Total
profits taxes
332,946
,
.
$462,948
45,030
167,000
$495,449
20,437
233,000
—
Federal inc. and excess
for
total, $2,969,599.—V.
877.
Dallas Power & Light Co.—Ownership to Be Trans¬
ferred—
Prov.
$163,467
Assets—Cash
The company
general expenses
operations
from
Net deductions
8,924-
364,484
Partial Redemption—
15-iyear 3%
$505,338
$159,140
2,087
501,487
based on
for
Balance
ment
10,351
379,664
$2,022,225
taxes
$533,975
8,920
—*
„*™™_™
$153,540
1,755,000
175,384
profits tax.
income
$542,125
—
income—
taxes
Surplus
Total
2,727,000
$1,599,686
excess
shipping and
Selling,
1943
Earnings,
Reserve
$449,226
56,111.
85,778
period™.
Surplus adjustment
—
Earned surplus, beginning of period
for
Prov.
1944
■
Gross
Reserve
$448,197
Profit
dealers is $1 a share.—V. 162, p. 780.
'■
$478,754
63,371
trading
from
Income
Other income
sales
of
Cost
ities
in the Tidewater
operating revenue
Corporation—Earnings—
Eastern
Dixie-Home Stores—Earnings—
24 Weeks Ended—
June 16,'45 June 17/44 June 19/43
Sales
*
$9,872,850
$9,554,571
$8,540,444
Cost of merchandise sold™*-*-—
7,849,378
7,671,765
6,848,738
general
subsidiary, company's holdingst
Virginia East Coast Utilities.
electric service in 13 counties
serving 8,531 customers, with
$588,651.—V. 161, p. 2107.
Inc., which renders
section of Virginia,
1, 1956, at 100 and interest..
National Bank of Cleveland,
Cleveland, O.—V, 151, p. 1892.
Euclid Ave.,
the
Inc.,
of $628,493
sum
20-year 5% mortgage bonds due Jan,
Payment will be made at the Central
Selling,
—
has
contract
A
Telephones,
for redemption on Oct. 1. next, $32,300 of
has called
-
Cuneo Press, Inc.—Secondary Offering—Union Secur¬
Corp. (as agent for the seller) is offering 9,500
shares" of stock (par $5) at $40.50 a share.
Discount to
$85,918
6,468
4,350
$24,920
surplus
Following
company
308
$20,767
income taxes
Co..
Coast Public Service
Sale
demption—
The
for Federal
Balance
■
Warehouse
Terminal
Distribution
.
$164,29»
66,098 .
./
12,284
President, states:
oper.
-i
$37,540
16,773
1942
307,243
5,398,616
2,222,161
1,248,623
5,479,644
2,163,437
railway™™
railway
.■
$157,832
$44,297
15,027
deductions
of East
$636,502
263,989
•
1,167
income
Provision
1943
$741,261
1944
$664,542
196,071
125,184
$36,373
1,415
Operating income
72
Cr252
2442.
161, p.
Other
$619,623
144,660
railway
oper.
trustee,
excess
surplus
♦Deficit,—V,
70,217
Public
company
of
511,371
119,326
69,566
,
$189,350
152,978
.Gross income
railway
from
ry.
8,735
subs-
582,170
85,851
14,552
1945
from
Gross
$701,889
1,520
68,161
cJ
income
taxes
Balance
$181,983
2,377
._*™_™_*_™™*_
Fed.
for
profits
2,837,734
$127,105
Crescent
of
charges
Service
652,746
$124,728
jt
income
July—
T
™„™——
deductions
income
Fixed
$3,539,623
v
Gross income
.
■
income
Other
•
*
$834,729
718,774
operating revenues
—,v\
Total operating revenue deductions
556,486
60,685
17,262
;
12 Mos. '45
$204,030
161,148
operating revenue
operating revenue deductions
Total
From Jan. 1—
12 Mos. '45
$843,501
Total
Total
Subs.)—Earnings— •
1945—3 Mos.—1944
Service Co. (&
Period Ended June 30—
Income
Crescent Public Service Co. (& Subs.)—Earnings—
1945—3 Mos.—1944
$76,175
16,975
11,485
455.
p.
Net
?i,
1943
$84,561
8,558
91
Detroit Toledo & Ironton RR.—Earnings—
Net
Period Ended June 30—
railway
railway
oper.
162,
a
1944.—V.
from
Net
and after
after
income—
1944
$81,371
'
5,723
840
564,444
61,799
9,051
railway
oper.
East Coast Public
1942
1945
$84,880
15,737
7,741
railway
earnedi
(151,472
2442.
total, $1,959,571.—V. 161, p.
From Jan. 1—
Gross
$3,603,572
$1.12
f$6,261.749 t$5,725,831 "$4,403,747
share*
"$2.25
$2.03
$1.46
$^:and taxes.™*
ry.
1942
1943
chgs.
after
profit
1944
1945
12 Mos. End. June 30—
Net
from
Net
Subs.)—Earnings—
(net),
$79,908;
July—
,
.
receivables
$276,792;
inventories, $48,285; investments, $275,964; deferred receiv-,
ables and other investments, $76,432; property, plant and equipment
2330.
Detroit & Mackinac Ry.—Earnings—
for
Balance
$22,751.
13,435
30, 1945
hand,
on
15,250-
17,674
$75,075
$35,347
11,773
12,517
disposal of properties.
Balance Sheet, June
Assets—Cash
71,152
37,538
53,792
,
$99,790 '
5,902
55,885 *
_*___*
91,608
*78,522
Net
.
'
$124,173
•
..*.
...—
Depletion, deprec., etc..
Prov. for income
taxes
operated 84,876,923 revenue passenger miles during the fiscal
compared with 51,843,940 revenue passenger miles in the pre¬
ceding 12 months.
Revenue plane miles ^ptaled 4,675,532 for the
latest fiscal year, in contrast to 2,771,832 the year before.—V. 161,
—V.
1942
$530,034 '
337,695
126,195
income
year,
Gross
1943
$387,312
182,227
$315,393
428,606
.—
„
During the past fiscal year Delta completed 95.6% of its scheduled
operations, and had an average of 18.2 passengers per mile flown, or a
load factor of 87.6%
at all times during the 12 months.
Delta ied
the
entire
airline industry in
utilization of equipment, flying each
Gross
1944
105,839
Net
$5,156,282
1,506,195
;™.
*..„:
proiit
;
$544,410
229,017
$294,982
1944
1945
™_™
78,89a
Oper. and gen. expenses
Corp.—Earnings—
income
Net
.
1945
$560,345
265,362
income
sales
oper.
of
Cost
262,556
.
Oil Co.—Earnings—
End. June 30—
6 Mos.
26,812
7,660
$50,410
4,784
1,520,400
435,269
163,328
566.
p.
$16,267
7,660
11,583
17,236
dividends
pfd. dividends—™
pfd.
6%
1942
$6,300,589
2,113,810 >
916,318
Eason
railway
railway
Net
$63,737
...
1943
$7,423,856
2,668,741
1,208,346
Years Ended June 30—
2,545
12,752
19,124
Amort, of deferred exp.
Net income
income—
oper.
from
Net
18,849
Interest
"22,742
2.061,400
650,626
from
Gross
$91,217
$97,727
19,806
taxes.
RR.—Earnings—
1944
$6,776,035
2,087,905
2,865,890
Denver & Rio Grande Western
$102,392
™™™_™
and
income.™
oper.
19451
1942
$134,40(1
"437."
$199,600
38,574
$164,500
1,415
1—
%
railway.™.
1,621,200
Net from railway
368,736
Net ry. oper. income...
*
52,275
"Deficit.—V, 162, p. 455.
1942
1943
1944
ry.
Gross
2,775,482
railway
Delta Air
Continental Telephone Co.—Earnings—
1945
Net
44,591,302
10,062,263
railway
Net ry. oper.
p.
6 Mos. End. June 30—-
from
Delta
1945,
June
ry,
Gross
$1.89
$0.73
$1.15
share-
per
including
results
Net
$6,607,250
$8,860,161
$3,400,423
$5,411,801
*
$1.41
♦includes provision tor estimated State and federal Income taxes.
Company's net crude oil production for the second quarter of 1945,
income
Net
from
-~V.
income
Net
Net
1945
$6,537,045
1,627,963
768,719
.
from
Net
Net
for post-war con¬
Prov.
railway
railway
from
Gross
From Jan. 1—
Z>r97,581
£>r37,716
1945
$247,000
63,105
22,423
July—
an
Delaware Lackawanna & Western
July—
Gross
2,150,641
2,150.641
Dr68,525
™.™™*„™™
deductions
Other
827,252
1 paid
Sept.
on
3,
From Jan.
sale of certain
on
assets
$6,134,780
$6,086,591
720,510
$2,742,488
695,651
$2,734,678
income
oper.
2,231,832
3,718,183
company
Pacific Ry.—Earnings—
1944
1943
Duluth Winnipeg &
Dividend—
initial quarterly dividend of 37%
cents per share on the no
par $1.50 cumulative class A stock
and
one
of 17 Vz cents per share on the class B stock, no par value, to
holders of record Aug, 18.
See V. 162, pp. 566 and 132.
The
1945—G Mos—1944
1945—3 Mos.—1944
Period End. June 30—
Davis Leather Co., Ltd.—Initial
Subs.)—Earnings—
Continental Oil Co. (&
Monday, September
FINANCIAL CHRONICLE
THE COMMERCIAL &
^
-
Trust
Co.,
N. Y.
f
(2) First mortgage bonds bearing 3% %
of
$3,600,000.
These
will be
amount
stated
coupons due
>>.
in 1962 in tlrt
purchased in the amounts
by: Massachusetts Mutual Life, $1,500,000; Provident Mutual
■
I
[Volume
162.
Number 4417
Life
(Fa.), $750,000; Columbian National Life, $300,000; Yale Uni¬
versity, $250,000; Boston Mutual Life, $250,000; Mutual Tvust Life.
(111.), $200,000;
Harvard
College, .$150,000;
Northwestern National
(Minneapolis), $150,000; "Washington Trust Company (R. J.)t $50,000.
I tNet savings of $250,000- are estimated
during the life -of the re-,
funding issue but Mr. Donovan's notice stresses as even more impor¬
tant
the
relaxing
of
the
of
some
restrictions
onerous
more
the
in
indenture
governing the present issue.
■
iu'-.
i P. S.
Moseley and Co. with Kidder, Reabody and The, First Boston
Corp. have acted as agents for the company in'the financing and the
company will receive par for both notes
Ebasco
>
162, p. 567.
and bohds.—V.
Services Inc.—Weekly Input—
National
The
Power
above
&
figures
do
1944
181,669
107,195
10,011
101,560
10,559
the
include
of
inputs
system
panies not appearing in both periods.—V. 162,
'
The
SEC
6 Months Ended June 30—
•
profit before Federal taxes—
(Unsecured
3'/a &
from
Gross
from
Provision
:
Net
for
Federal
taxes.—
1,020,000
1,410,000
5677,295
dividends
Common
dividends
Balance
Earnings
1,904,604
2,120,000
$485,845
$494,604
74,918
75,000
75,000
profit
Preferred
to
paidpaid___
192,457
per
153,912
153,912
$409,920
$256,933
$265,692
$1.54
surplus
$1.27
$1.09
share...
common
Balance
Sheet
Items
June
of
as
Cash
>?U.
assets
_!
S.
Government
Accounts
•Total
liabilities
3,198^284
2,769,184
1,882,000
losses
542,017
surplus
pfd. shares
162,
*U.
S.
$2)
outstanding-Ill"
$50>
(par
V. 162,
20,027,910
19,138,381
19,234,867
5,561,470
5,060,803
5,253,008
1,827,783
978,046
1,623,341
1942
Service Co. (Inc.)
$5,177,668
$6,511,915
$72,375,573
27,490,731
23,820,897
426,444
4,786,285 '
4,172,871
500,668
5,451,367
5,139,220
•
73,914
73,914
886,977
403,794
1,004,448
1,379,118
14,275,034
13,000,041
468,333
5,666,746
4,881,494
(excl.
taxes
Net
409,036
30,
current
assets
revenues
income (net);
and
Net
60,000
$1,234,082 $13,761,972 $11,622,010
451,515
4,418,720
3,977,242
313.423
amort.
88,431
1,387,701
582,844
$870,997 $10,730,952
$8,227,612
from
resulting
of
$9,343,251
inc.
Fed.
in
$7,644,768
$782,566
$653,796
income
Reduction
142,853
facil.
emer.
2,105,790
liabilities.—
current
Dr60
$967,219
amort,
times
3.65
were
$1,206,446 $13,818,429 $11,483,967
27,635
Dr56,457
138,043
$967,279
Balance
Int.
878.
$796,649
Balance
dividend
Preferred
'
2,208,179
2,163,000
$8,522,772
requirements
$6,064,611
!
Balance
j
Ekco Products Co. (& Sub.)—Earnings—
'
;
Amount
——
applic.
minority
to
•Earnings
per
share
common
■"'On
the
The
earnings
393,750 shares of
taxes
after
preferred
common
Balance
$486,000
-
dividends
$1.03
Earnings
applicable
E.
of
L.
incl.,
sub.,
from
Massillon
V.
161,
\
Aluminum
Co.
Spool Co., Inc., acquired April 27,
to June 30, have been included. Earnings of
acquired
El Paso Electric
Operating
1945,
23,499
49,999
48,440
72,390
105,909
147,059
$8,688,969
$6,324,057
532,654
477,423
$5,846,634
2,119,092
other
from
2,244,384
...—
sources
interest-
and
taxes
$327,206
$314,737
$3,962,035
106,378
107.402
1,298,563
#3,780,883
1,291; 831
$6,037,223
16,811
194,894
179,342
Earnings per share of common stock
$3.16
24,095
290,622
286,494
■"Earnings per share of common stock——
$2t.43
lain
79,692
61,979
902,342
816,472
33,790
30,882
384,784
368,356
$66,455
$73,565
$890,829
$838,386
1,083
4,781
32,620
Dr4,332
,
$67,538
$78,347
$923,449
$834,054
amort
18,261
21,459
239,046
259,054
no
__
income
taxes
taxes
for
Balance
stock and surplus
common
giving effect to reduction
■"Before
Net oper.
v
Other
revenues-
income
(net)
in Federal income taxes resulting
Comparative Income Statement (Parent
12 Months Ended June 30—
Revenue from subsidiary
(
Balance
Interest
and
l
Balance
:
div.
$684,402
$56,887
67,501
161, p. 984.
requirements.
Period End. June 30—
s
Interest
Other
1945—12 Mos.—1944
1945—3 Mos.—1944
income
Dividend
$503,858
income
461,657
income
$3,314,143
$1,347,857
$6,122,033
2,171,197
522,242
2,267,794
79,048
15,367
187,846
61,175
$1,044,563
$1,885,466
$5,673,186
$8,451,002
161,117
448,728
1,110,753
2,131,127
12,353
74,328
170,781
250,355
821,498
879,345
$4,006,319
256,511
revenues—
245,732
Expenses
income
Federal
Other
Other
Net
expenses
$659,418
divs.
periods,
declared
$3,570,154
$1,112,055
""Includes
a
undecl...
or
1,514,167
6,827,534
6,204,521
1,618,875
share of
per
2,244,384
$1.61
$0.67
stock
common
company.
1945
1944
nonrecurring dividend of $900,000
(Includes final common dividend of
paid by Savannah Electric & Power Co.
1945.—V, 162, p. 246.
Notes
and
10
United
&
Gas
Ebasco
Foreign Power Co.,
30,000,000
Inc
30,000,000
27,925,000
Corp
Services
I.
100,000
50,000
1948
Inc
19,500,000
19,500,000
Bonds:
Cuban
Electric
Power
Texas
due
gage,
&
6%
Light
debentures,
Co.
43/i%
1953
due
due
first
uoon
indicated,
paid by
$458,554
25,000,000
.
413,204
companies
market
in
companies
banks—on
ana
miscellaneous
demand
Accrued
30,
receivable.
405,672,£65
9,596,385
30,067,979
\ 5,367,825
311,438
:
200
1,693
assets..
1,129
200
;
107,466
495,094,986 530,617,369
20,301,200
preferred stock
preferred
stock
stock
Accounts
($5
—
par)
profit
declared
.
taxes
Accrued
Reserves
(approp.
from
capital
Earned
surplus
surplus
22,470,000
89,200,000
84,026,800
26,251,788
_
26,251,788
p.
Statement for Quarter Ended
June 30
1944
$48,355
$58,755
—
bonds.
%
11,605.
———
L015
$70,359
$49,369
8,176
income
8,417
mon
1,380,000
$953,619
$1,260,123
$1.12
period
for
Fed.
$40,953
$62,183
—
408
capital stock and State taxes
normal income tax and surtax-
Net
income for
1
'
$61,775
24,895
income
$39,469
'22,276
y-l,057
Adjustment of income of prior period.*.
■"Portion of receipts from sales..
$1.07
384
'1,100
period—
undistributed
n
.
1
$1,906,546
$595,606
$0.94
the
Prov.
1,459,028
shares
for
for Federal
Previous
t.
4,067
'L698
Dec. 31,
AssetsCash
Trade
notes
and
accounts
from
arising
receivable.,
termination
tracts
of
—
war
Investments
surplus),
and
plant
781.
1,618,875
2,248,129
Accounts
4,893,982
310,358
Federal
323,201,426 323,028,226
33,385,852
59,980,282
I
assets
equipment
charges
1,514,167
1,233,650
,
other
and
Property,
3,664
4,893,982
——
Deferred
—
—
Total
'44 June 30, "'45
$5,536,520
2,141,816
202,988
3,983,710
637,953
38,558
3,067,495
787,549
934,630
10,442
922,465
33,154
Liabilities—
Advances
payable and accrued exDenses——.—
received on U. S. Govt, contracts—
income
on
Capital
stock
(491,543
Earned
surplus
161, p.
shares,
no
par)
—
$2,792,008
$1,860,229
4,358,919
1,883,369
1,883,274
gains and losses on
2,457,715
2,457,715
1,956,143
2,326,436
1996.
•
Assets—Securities
osi
$26 006*
•
accrued
capitaf stoclf of
total,
priced
dividends
at market quotations,
declared on
stocks
interest on
company,
bonds, $125;
426,311; cashi in
selling
accounts
$69,824; other accounts
$7,853,017.
$21,413
payments for
$45,470
capital stock allocated to income, representing
participation in per share undistributed income.
Balance Sheet as at June 30, 1945
•Of
hank
43,087
_i
ex-divipena,
receivable, $700;
,
2,003,127
$13,448,059 $10,530,876
Total
V.
(net)..——
30 (exclusive of
securities)———
June
income
Undistributed
of
taxes
45,267 i
dividend
i
■
$13,448,059 $10,530,876
-
Cash
$4,140,234
1,541,420
con-
—
$64,500
$90,737
Comparative Balance Sheet
1
162,
on
Prov.
$2,012,452
—
612,065
495,094,986 530,617,369.:'
Total
—V.
21.34
24*91
Expenses
1,248,500
taxes
profit
>:
$490,737
Earnings per share on 491,543 com¬
Net
5,270
195
Deferred credits,
Capital
companies
!
Dividends
the company.
$1,717,101
—-
—
—
income
280,656
payable—Associated
Others
approximately
Total
i?44,,,,,
1945
Inventories
Liabilities—
Common
245,413
310,855
,
Co.—Earnings—
6 Months Ended June 30—
Net
$19.43
215,841
5,237,715
1945
Interest
dates
'■■■><
Liquidating
Outstanding
Value
7,743,463
——'
income
Dividend
Income
Claims
Total
$6
Chairman, stated on Aug. 28 that
is held by directors of
outstanding
256/775
22,500
cos
Prepayments
$5
stock
.
at the
as
Shares
1,585,585
interest receivable—Associate
current
Income
.
.
$4,193,196
——
1945—,—
16 on a
Oct.
securities
value of the shares was as follows:
Net Assets
1.690,000
20,899,517
—Others
Other
1,690,000
390,916,073
:
Temporary cash investments—short-term sec—
Accounts
on
portfolio
of
values
the liquidating
30,
June
A
Quigan,
25
....
162, p. 247.
Federal
Ebasco Services Inc..
Cash
vote
Federal Motor Truck
debentures,
Stocks and option warrants:
.System
J.
the
Kuhn, Loeb & Co
'
5,
1944.
December 31, 1944—!
June
5,037,120
6%
1
Other—System
Frank
75%' of
—V.
25
Total
incident to the sale in April,
share. owned.
mort¬
1965
Gas Public Service Co.
United
.
Co.
outstanding
shares, par
their
Fidelity Fund, Inc.—Quarterly Report—
Based
proposal to change the
capital stock from 240,000 shares, par $5, to 1,200,000
$1, five new shares to be issued in exchange for each old
will
stockholders
The
receivable:
accounts
American
$
opposite
162, p. 878.
Inc.—To Split-Up Stock—
Fedders Mfg. Co.,
$
percentages set
Merrill, Turben & Co
5%
Prescott & Co.—.;—5.;
25%
Comparative Balance Sheet, June 30
Assets—
respective
Throckmorton Company..—
$1,284,512
extraordinary
subsidiary
the
in
below:
$3,528,896
$3,069,154
Earnings
shares
names
Curtiss, House & Co
2,119,092
Preferred
$5,144,825
applic.
whether
respective
Maynard H. Murch & Co
Glore, Forgan & Co
—V.
•
income
stock
to
taxes..
taxes
Other
Pld.
income
,
'
—
$5,188,247
Total
Federal
.
the Cleveland plant and for, cer-
modernization and mechanization of
construction programs, including a new factory In Los Angeles.
Underwriters—The underwriters agreed severally to purchase the
18,690
,
synthetic
] to create h large demand f6b stoves, refrigerators, washing machines;
table tops., hot water tanks,* steel tile, store fronts, bath tubs,' shower
stalls, lavatories and sinks, In the manufacture of which the com¬
pany's products are used.
As a consequence, except for such period
during which the company's customers may be reconverting to civilian
manufacture, and barring a post-war depression affecting business
generally, the company anticipates a high volume of sales of its vari¬
ous products during the post-war period, except possibly in the ceramic
field, which may be depressed through the return of competition from
unsubscribed
267
Interest
new
(frit),
tain
213,000
15,995
—
Company
enamels or color oxides have been con¬
in this country sinec 1941, and so far as the company knows,
manufacturers of significance have entered these fields since
enamel
"
26,871
259,880
taxes
taxes—:
the
Purpose—The net proceeds (estimated $1,133,280) will be used for
25,440
*
of
foreign ceramic manufacturers.
•
120,187
$5,720,901
revenue
295,705
211,675
25,440
t534,154
21,568
investments
miscellaneous
from
Total
Corp.—Earnings—
46,950
interest.
Revenue
Miscellaneous
Electric Bond & Share
48,499
23,000
interest———
Note
$574,999
67,501
$49,277
Pfd.
$3,738,371
24,999
Bond
—V.
""$5,091,739
:
dividends
Preferred
'
1944
companies:
dividends—
Common
Company Only)
1945
Business
'
,
amortization of emergency facilities.
from
(frit)
sheet
stoves,
as
On the other hapd;; the continuance of the war and the re¬
strictions incident thereto, in the opinion of the company, have served
)
.
iron,
cast
on
articles
that time.
$1.89
$1.58
Maintenance
use
such
Substantially no new facilities for the manufacture of vitreous porce¬
,$3,602,250
16,518
24,370
Operation
the company
periods prior: thereto,
for varying
and
1941
engaged primarily in the following types of business; .
■
manufacture and sale of vitreous porcelain enamel
structed
1945—12 Mos.—1944
1945—Month—1944
Business—Company was incorp. in Ohio Oct. 13, 1919,
of The Ferro Enameling Co.
In 1930, the company's
name
Post-War
included.—
not
are
Earnings
Co.—Earnings—
revenues
Depreciation
Other
18,
above:
"
...
Expenses,
Period End. June 30—
Federal
June
2785.
p.
10,001
$6,054,609
$8,156,315
Tebbets
1945, for the period May 1
as deduction
declared
dividends
Preferred
stock.
parent company.,
to
Interest
:
11,651
$8,511,120
interests.
Earnings for Six Months Ended June 30, 1945
Net income after all charges and
458.700
395.390
income.
.
—
oper.
Other
729,403
foreign ,taxes on
iron and sheet steel irr the manufacture
refrigerators, washing machines, table tops,
hot water tanks, steel tile, store fronts, bath tubs, laundry tubs, shower
stalls, lavatories and sinks.
'
(2) The manufacture and sale to the ceramic industry of glazes and
the sale to that industry of equipment, supplies and engineering serv¬
ices in connection with the design, construction, erection and installa¬
tion of kilns and other equipment, including the taking of contracts
for the design and construction of such equipment and complete ceramic
plants.
(3) The sale to the enameling industry
of enameling equipment
(including furnaces), supplies and engineering services in connection
with the erection of enameling plants and the installation of enamel¬
ing equipment, including the taking of contracts for the design and
construction of such equipment and complete'enameling plants.
(4) The manufacture and sale to the enameling and ceramic Indus¬
tries (and to a minor' extent to other industries) of inorganic color
oxides which are used to color vitreous porcelain enamel (frit), ceramio
,glazes and glaze stains.
(5) The design, engineering, assembly, sales and construction of in¬
dustrial ovens for use in the baking of synthetic enamels.
(6) The manufacture and sale to industrial users of synthetic enam'els under the name
"Vedoc," a registered trademark owned by the
company.
Such synthetic enamels are used by manufacturers to pro.vide.a glossy finish, which is oven baked, on such products as shower
stalls, lighting reflectors, stoves, refrigerators and washing machines.
Vedoc is used primarily on metal surfaces.
The company made its first
commercial Bales of this product In 1940.
(7) The manufacture and sale to the ceramic industry of containers
for ceramic products in the firing process
(saggers), both standard
and special, and of special refractory shapes.
for
fhown
separately below)
Other
and
S.
(1) The
of
———
as
266,402
762,786
9,906,860
changed to Ferro Enamel Corp.
During
was
o£ plant acquis.
inc.
and
the
was
name
$62,902,287
2,456,990
U.
under
1945—12 Mos.—1944
389,229
reduction
'"Before
History
(& Subs.)—Earns.
1945—Month—1944
350,365
Taxes—Fed.
6,119,778
—
II.Z—I—I—
89,819
101,551
242,164
84,981
304,086
334,013
741,958
8,210,928
?
revenues
7,449,041
—
__
..
1944
568.
Depreciation
384,781
2,519,095
5,055,967 v
•
.
$625,520
111.257
457.495
440.443
499.794
181.421
$106,567
20,387
$732,088
131,644
-547,314
541,994
5,561,238
7,141,287
2,366,563
Maintenance
Treasury notes netted against Federal
p.
20,693,837
<
Net Profit
Taxes
"Net Proiit
Sales
3,829,533
^
1941
148,388
57,458
389.865
outstanding
liabilities
June
1939
.
for Calendar Years
of Operations
$6,184,406
1938
229,573
1,983,395
Operating
Operation
4,811,858
265,320
(par
shares
tax
At
1,171,705
322,745
income—
p.
taxes
■Ji
$2,958,490
984,541
303,100
Period End. June 30—
476,000
5,300,470
Capital
.
$2,870,434
746,069
214,753
transit
Reserve for contingencies
Earned surplus
Common
$2,908,337
railway
oper.
1,942,000
243,994
in
_
Net
5,753,971
debentures
fund
;
Engineers Public
I
11,310,617
Reserve for insurance
.5%
327,298
4,794|859
and
assets,.
current
Sinking
—V.
1,648,268
11,664,631
hand
on
current
ry.
3,578,007
1,282,448
128,600
securities—
from
Net
adjustments
5.455,652
receivable
Inventories
Total
I.
______
Net
1944
$15,366,715 $14,131,745
_
1—:■£':■ '
Gross from railway
Amort.
30
1945
Total
-
1943"
1,505,845
2,797,295
,
1937
118,562
From Jan.
•
*$48,000
(900,000
233,056 shs.
300,000 shs.
(par $1)
1942
415,182
income
Outstanding I
$84,000
1,000,000
sinking lund note—
Summary
.
1943
•
Authorized
l
,
Aug. 1.
Effect to
Giving
.
$2,562,149
railway
railway
oper.
1944,
rate of
'Dated March 10, 1943, the unpaid principal balance on which is
payable in annual amounts of $12,000 each on the 10th day of March
in the years 1945 to 1948, inclusive.
tDated Aug. 10, 1943, payable
on
Aug. 10, 1953 to the order of The Prudential Insurance Co. of
America.
"
■ ,
'
Elgin Joliet & Eastern Ry.- -Earnings—
1945
shares
Common
notes
1940
$21,948,487 $20,828,786
$25,734,388
,
serial
gold1 debentures,'5% series due Feb. 1, 2030,-at 106 and interest.
Payment will be made at the Irving Trust Co., trustee, 1 Wall St.;
New York, N. Y.;;y\
v/V."'..
,'V\—T.'1,
Holders of the called bonds may obtain the full redemption price
thereof, including interest to Oct.
1, 1945, upon presentation and
surrender of such debentures.—V. 162, p. 568.
i
i
,
of
(Before
Capitalization
and
'v;Present Financing)
\
'
3%
Net
1944
1945
.
tales
Net
■'
.
Debt
Funded
•Unsecured
July—
com¬
any
at $20.50 per sharp, for the common shares at the
additional share for each four shares held.
Rights expired
series due 2030.-
Redemption—
record July 19 were given the right
The holders of common shares of
one
The corporation has called for redemption on Oct. 1, next, $4,344,000
.
shares) was
(2,813
underwriters.
to subscribe,
$4,343,050, the remaining -balance of the -proceeds of the sale of
the common stock of Idaho Power Co., for the retirement of a part
gold 'debentures, 5%
All but 2,813 shares
balance
The
for.
taken up by the
;
use
of its outstanding
subscribed
were
Aug.-24-issued an order permitting the corporation to
* on
stock (par $1) was offered for sub¬
common
scription to stockholders at $20.50.
are
v
I lUse of $4,343,000 to Retire Debentures—
9.3 '
Edison Brothers Stores, Inc. (& Subs.) —Earnings—
Net
Both Electric and American
companies in the Electric Bond & Share
$1T,350,000.
holdings
Net ry.
4
The '•price
inter¬
system.
>
stock to American Power & Light Co.
common
is
on-
mediate
10.4
878.
p.
agreed
2.7
4,871
97,184
91,001
not
Pet.
Amount
176,798
Light Co..
& Light Co.
264 shares of
sell its holdings of Dallas Power
contracted to
corporation has
Partial
Decrease
1945
The
Corp.—Offering of Stock—A total of 58,-
Ferro Enamel
Electric Power & Light Corp.—To Sell Dallas, Prop.—
.
...
.For the week ended Aug. 23, 1945, the System inputs of client oper¬
ating companies of Ebasco Services Inc., which are subsidiaries of
American Power & Light Co., Electric Power & Light Corp. and Na¬
tional Power & Light Co., as compared with the corresponding week
during 1944 were as follows (in thousands of kilowatt-hours):
;
i Operating Subs, of—
American Power & Light Co.—
Electric Power & Light Corp...
983
THE COMMERCIAL & FINANCIAL CHRONICLE
[J:.
navahVi
provision (or State
oar)
$1 554
275;
and Federal taxes, $1,452;
paid-in surplus,
capital
$4,653,792; undistributed
excess'of quoted market values over cost of securities
Sa^1945 $1489,926; total, $7,853,017._V. 161, p. 2443.
fn?ome
$45 470*
the reorganiza-
Commission has reopened
Commerce
Interstate
The
13 at West Palm
director Oliver E. Sweet of
the Bureau of Finance and Examiner
Ralph H. Jewell will conduct the hearings.
,
fnr
The action was taken
after consideration of several petitions for
modification of the terms of the modified reorganization plan approved
by the Commission in its report and order of Jan. 8, 1945.—V. 162,
hearings
671.
p.
to be held Nov.
are
•
.
Co., Inc.—Registers Pre¬
& Malting
Froedtert Grain
ferred—
statement cover¬
filed Aug. 28 with the SEC a registration
40,000 shares ($50 par) cumulative preferred stock.
Principal underwriters are Schroder, Rockefeller & Co.,
Co
The public offering price of the stock is to be supplied
ment.
Proceeds from the sale, estimated at $1,980,000,
Company
ing
poses.—V.
Cheyenne, Wyo.
Co.,
Refining
Frontier
.
and Loew &
by amend¬
would be
available for all corporate pur-
made
capital and
161, p. 2659.
working
to
aided
'
■
_
Registers
—
The
on Aug, 28 filed with the
$400,000 of 5% sinking fund
debentures, due on Sept. 1,
1
to
from the sale, estimated at $375,000, would be used
loan in tne approximate amount of $l/i,4U0 to tne Recon¬
prove
pay
a
plant
provide improvements in
and
corporation
Finance
struction
decision
worth
1281.
tween
Roberts & Co., all of Denver.—V. 152,
The
and Sidlo, Simons,
tensen, Inc.,
p.
Boettcher & Co., Eiers, Writer and O-iris-
re
period End. June 30
Operating
Oper.
revenues
deductions..
rev.
surtax
tax..
normal and
Fed,
19423.—
Excess profits
Fed.
Depreciation
income—net
income
Gross
Net income
162,
stock
Louisville, Ky.—Stock Offered
class
A
per
class
B
& Trust
Bank
shares—
of lumber products
sale
and
to
additional plant in Alabama.
an
:
6%
cum.
100,000 shs.
shares
7,500
long
to
(Including wholly
Underwriters—R.
1
'
S.
"Gross
Co.,
20,000
retirement
sal$ of
for
Earned
value
preferred
cn
common
purchase
"After
provision
unpaid
idities,
~
$46,450;
*£1$2°:
0570,700.
bank,
as
.
a
installments
deferred
common
on
income
liabilities,
stock
Par).
taxes,
$24,000;
$62,500;
$83,199;
6%
cumulative
surplus,
lia-
accrued
$114,470;
.
stock,
total,
.
Trust Co.,
Limited
Mon¬
treal, Canada.
was
Incorporated under the laws of the Province of
The business intended to be done by
Quebec, Canada, Nov. 23, 1944.
the company is the exploration
the
production
of
crude
oil.
for
oil.
the
drilling of oil wells and
No operations have been commenced by
the company
to date,
is the ownei, iree and clear of all encumbrances, of six
for gas and oil only,
situated in the Townships of Gait and
Company
claiams
Baie-de-Gaspe, Sud, in the County of Gaspe, Province of Quebec.
Paul
Payette, President, General Manager and a director, received 1,190,000
shares in consideration of the transfer by him to the company
of the six claims.
The cost of such claims to Mr. Payette amounted
to
$28,484.
At Mr. Payette's direction,
the company issued 97,500
shares of such 1,190,000 common shares to his nominee, Consolidated
Holdings Ltd
and issued 58,500 shares thereof to his nominee, Regal
Investments Limited.
Mr. Payette received no consideration for the
common
,
sh^rxs
issued
t"*
("'"h
Limited purchased from
and
G.
transferred
Boisclair,
of
a
corporations
Thereafter,
the company 75,000 common
without consideration
director of the
3,030
company,
shares
Regal
Investments
shares
for $33,750,
thereof
to Armand
Mr. Payette is the beneficial
1945.
June
1945,
30,
net income was S418,509f
June 30, 1945
$2,298,020; U. S. Government
$2,259,interest receivable, $4,911; claim
for refund of
1942 and
1943 Federal taxes, $547,373; miscellaneous
investments, $17,680; investment in Northwest Magnesite Co. (4,000
shs. of common stock at cost, less reserve), $515,000; notes receivable
and
accrued interest, $731,604; deferred accounts, $238,067; repair
parts, etc., $494,344; employees' War Savings Bond account, cash and
securities, $47,533; real estate, buildings, machinery, equipment, min¬
eral lands, etc. (after reserve for depreciation and depletion of $7,banks
in
inventories,
750,204),
and
hand,
on
$2,895,038; accrued
$21,485,391.
total,
$10,879,962;
Liabilities—3(4%
notes
within
due
one
$45,000;
year,
accounts
others, $580,641; accrued accounts, $647,497; notes
payable, account of acquisition of Kentucky Fire Brick Co., due 1946
to
1949, $360,000; 3(4%
promissory notes due Jan. 1, 1957 (after
payable, trade and
within
deducting payments due
for
contingencies,
$2,615;
collections
Bonds,
$47,533;
one
$45,000), $1,396,000; reserve
year,
$192,171; reserve for employees' group insurance,
employees for purchase of U. S. War Savings
from
capital
stock
capital surplus, $611,338;
162, p. 569.
(469,713
shares,
par),
no
earned surplus, $5,207,858; total,
$12,394,738;
$21,485,391.
1945
ry.
1942
$895,024
$778,424
325,001
394,571
349,481
210,164
296,092
354,792
5,709,698
6,090,118
6,326,504
1,481,064
2,144,550
2,836,312
1,994,454
1,247,795
income
oper.
1943
$886,549
245.158
railway
from railway
1944
$858,268
from
from
Net
from
ry;
—V.
railway
railway
income
569.
oper.
162,
p.
1,883,530
2,492,026
1,769,579
307,390
4,775,719
Georgia Southern & Florida Ry.—Earnings$569,025
ry.
$551,109
$664,821
$428,570
210,425
from
railway
Net from railway
Net
194,276
325,789
196 632
69,646
69,912
136,410
79,690
3,987,200
3,944,933
1,486,086
404,634
4,394,859
2,201,902
693,753
2,590.877
income
oper.
1942
1943
1944
1945
July-
from
Gross
1,565,707
483,033
income
958,325
389,070
134.
162, p.
8,612,594
$9,096,117
railway
railway
oper.
175,000
175,000
Gross
236,491
Net
from
ry.
$9,028,393
$8,684,626
$0.69
$0.65
depreciation
and
amortization—1945,
$94,277;
June
1945
2,560,778
2,159,569
22,559,429
23,324,849
securities
131,754
license
to
179,754
-1
2,191,349
cigar machines
operations
2,154,492
1
61,142
to
93,671
273,373
use
charges
969,310
370,148
533,623
771,706
20,796,000
20,586,000
16,742,000
from
rv.
4.779,286
6.342,739
3.931.152
2,853 706
3,021,365
4,073,252
2,419,763
railway
income
oper.
162,
458.
p.
1944
2,100,000
$2,794,000
854,090
4,591,098
railway
from
Net
$1,495,183
1,050,000
$3,063,000
555,025
21,717,000
income:
oper.
1942
1.943
1944
$2,939,000
From Jan. 1—
—V.
30
railway
railway
from
Net
Sheet,
Balance
1945
$3,144,000
611,210
387,973
July—
236,491
244,561
Northern
Great
Ry.—Bohcte
Offered—An investment
banking group led by Halsey,
& Co., Inc., won the
award Aug. 28 of $75,000,000 general mortgage bonds,
O, on .a basket bid of 98.5679 for bonds
The offering consisted of $37,500,000 Series N, maturing Jan. 1, 1990, and $37,500,000 Se¬
Series N
with
a
and
31//8% coupon.
ries O,
maturing Jan. 1, 2000.
separate bids Halsey, Stuart & Co., Inc., offered
98.8929 for Series N as 3V8S and 101.4319 for Series O
On
Total
$30,652,636 $31,752,080
—
Liabilities—
payable
Accrd.
trade
salaries,
taxes
Provision
$2,950,000
than
commissions,
for estimated
taxes
on
etc.—
132,205
139.808
etc. accruals
taxes
inc.
611,782
635,342
1,497,155
1,804,002
income
'
Contingencies
Insurance
7%
cumulative
Common
Capital
780,000
stock
stock
preferred
shares
(472,982
no
par)
surplus
Special capital i
Earned
5,000,000
5,298,410
j
500,000
5,000,000
————
468,000
200,000
5,298,410
3,899,658
reserve
reserve
3,899,658
1,000,000
surplus
1,000,000
9,028,393
...
——
»,684,626
—V.
$30,652,636 $31,752,080
_____
161,
p.
as
422,234
—
wages,
other
$3,900,000
255,033
——
payable,
Accrued
3V4S.
The only
&
proved—
Electric
Amended Plan Ap-
Corp.
the Morgan Stanprice of 99 for Series N as 3V4S and
lay group named a
98% for Series O as 3V4s.
:
v
and
Exchange
Commission has
approved
an
amend¬
to the compromise reorganization plan of the corporation which
approved by the Commission on July 25.
The amendment provides
in
the
of
cast
public
holders
of
cumulative
preferred
stocks
of,
General Gas who hold less than five
shares, or in a lot not evenlv
divisible by five, distribution to them of the shares of the cumulative
preferx-ed stock of South Carolina Electric Gas & Corp. will be made
on
the
each
basis
of
2.8
shares
of
South
Carolina
cumulative
share of General Gas cumulative preferred.-—V.
(P.
H.)
Placed
Sachs
Glatfelter
Co.,
Spring
Grove.,
preferred
for
162, p. 878. "*
Pa.
—
Loan
Privately—Company has effected, with Goldman,
&
Co.,
a
15-year sinking fund mortgage loan of
$1,000,000 from the/ Mutual Life Insurance Co. of New
York, bearing an interest rate of %xk%. Proceeds from
the loan will be used to refund
an outstanding mortgage
$461,000 and to provide additional
looking toward post-war plant improvements.—
V. 158, p. 671.
in
the
funds
*'-■%
Halsey, Stuart & Co., Inc., and associates immediately
reoffered the Series N bonds at 100 and interest and the
Series O at 99.35 and interest
subject to approval of the
and one-half on the
Books closed within an hour
ICC.
Principal and interest
company in
to principal,
will be in denominations of $1,000, and in fully registered form will
be
in
denominations of $1,000,
$5,000, $10,000, $50,000, $100,000
and authorized multiples of $100,000.
Bonds will be redeemable at
option of company in whole or in part on any interest date, on not
less than 9 weeks' published notice, the initial redemption prices being
105 as to Series N and 104% as to Series O; also redeemable through
operation of the sinking fund on like notice, the initial redemption
prices being 102 as to Series N axxd 101% as to Series O, plus interest.
Purpose—Proceeds from the sale of the bonds, together with funds
to be provided by the company to the extent required, will be applied
to the
retirement of $86,956,000 Gneral Mortgage bonds as follows:
1 A)
To redemption on Jan. 1, 1946, at 104 plus interest, of the entire
issue of $50,000,000 general mortgage 3%% gold bonds, Series I, due
amount
of
1
(Jan.
New
ment
that
head¬
Bidding for the issues separately,
3Vss.
of
Bonds
Securities
other bidder for the bonds was a group
Morgan Stanley & Co.
They offered a basket bid
of 99.10 for Series N as 3!/4S and 98.50 for Series O as
ed by
Series O reoffering.
2659.
General Gas
was
company
8,936,536
assets
The
and registrar, Prudential
June 30,
ended
Balance Sheet,
$483,523
,
speculation.
months
six
Assets—Cash
stock
Total
.Transfer agent
The
Land,
Government
commitment, $85,000;
payable
trade creditors,
currently
cents per share, and compares with earnings of $390,967
cents per share during the corresponding period of 1944.
83
or
provisions
give
to 89
ry.
receivable
Accounts
VT
under
the
For
equal
from
trade-marks, patent rights, etc
bldgs., machinery, equipment, etc. (net)
Notes
accounts
capital stock.
effect to estimated carry-back of unused
credits of $9,344 for quarter ended June 30, 1945, and
and
profits
$374,783 for year ended
Net
Goodwill,
1945
J Gaspe Oil Ventures, Ltd.—Stock Offered—Tellier &
Co., New York, are offering 1,500,000 common shares
(par $1) at 60 cents per share. The shares are offered
:
Sundry
1945.
$3,000;
$0.20
$758,375
$1.61
shares of
excess
Net
$1,824,810
127,770
payable
share— ,$0.46
per
rates
stock—
for
Government
S.
30,195
30,770
total;
370,276
$886,472
$1.90
accruals being required for excess profits taxes, the
taxes
include Federal normal income tax at
156,000
Assets—
73,050
97,000
charges, $6,371;
tCrl59,397
Federal
existing
785,000
1944, $105,325.
103,246
deferred
106,227
$92,700
tNo
for
Gross
receivable,
contract,
t. 4,581;
periods
of
surplus at end of period
per
common
share
Deferred
S.
tl63,572
$215,709
—
469,713
Net
Earned
Earnings
Cost
U.
100,964
"On
850,000
income
on
19,929
$71,469;
"Earnings
78,776
37,643
prof,
excess
income
$1,424,523
$9,439,884
Dividends
16,609
$103,090; inventories, $188,273;
$13,936; other assets, $20,932; property,
Net
82,119
6,293
Grand Trunk Western RR.- —Earnings—
15,532
hand,
&
(est.)
156,000
taxes
beginnig
at
on
4,236
of life insurance,
equipment (net), $155,530;
Viabilities—Notes
lav"d
22,532
$503,348
Dividends
15,857
on
tax
19,244
6,253
—
income
Penna.
&
taxes
1,369
19,888
$1,509,348
surplus
700,627
plant and
$5'. 0,700.
$1,401,991
period
surplus
Total
25,682
and
Fed.
129
488
properties
contingencies
1,427,440
bank
3,495
3,662
2,020
1,174,369
<,
estimated
32,467
Sheet, May 31,
422,458
deductions
Net
$1,508,860
and
securities
for
45,612
Balance
35,235
taxes
note
Interest
Other
64,121
9,056
for
905,009
accounts
Ltd.)
1,186,065
profit
898,911
'Five months ended May 31,
744,648
31,362
328,433
From Jan. 1—
Profit
$20,467
19,769
771,760
7,988
80,225
expenses
sales)
Inventories
$5,777
183,852
92,218
&
premium
retirement,
note
—V.
Net
772,088
'1945
cash
general
plan
Provision
Profit
$26,244
$594,468
—
Cuba,
$2,576,489
_a.
on
Total
Income
and Excess
Profits Taxes
191,668
Georgia RR.—Earnings-
1944
(net)
expense
Accounts
Profit
276,686
$2,514,230
July—
$2,768,102
on
Bankers
Taxes
181,050
$1,982,060
8,413
expense
on
Gross
1945
expense
Profit
options
Before
Net Sales
63,548
$502,899
From Jan. 1—
General Cigar Co. of
profit
Balance
but does
shares;-The
44,688
Corp. & property
Amort,
of
314%
Gross
owned subsidiary,
Consolidated
&
$2,237,544,
amortization
&
Depletion
Inc.—Earnings—
Provision
,
in
near
Cash
1940—
not always
alphabetical
alphabetical
is
exact
as
been
Dickson
18,973,072
$1,801,010
$699,741
—
Deprec.
Gross
Earnings for Calendar Years
$11,100;
in
always
are
it
reasons
companies
Employees'
U.
Assets—Cash
mechanical
arrange
Selling,
administrative
and
(including cash discounts
Co.,, 10,000 shares.
fcc:"!ds,
charges
Six Months to June 30—
proceeds of this financing.
Bend
Profit
Net
recognized as a leader in the
fi.ld, of manufacturing wood parts and has always been able to
operate its plant at capacity when business has been normal.
During
the war company has participated in many new developments in wood
technology, especially those dealing with the application of synthetic
lvSins to wood.
These developments have great post-war possibilities,
and as the company has pioneered the field in the actual manufacUre of these products for military application and usage, the knowl¬
edge thus gained is of great advantage in producing materials by the
fame
processes
for consumer goods.
To accomplish this the comp. ;iy must expand its facilities both in factory space and equipment.
is expansion, accompanied by an increase in business volume, will
r.quire additional working capital, which will be provided by the
has
17,813,727
$439,351
vari¬
Net
underwriters and management.
Purpose—Company
tAfter
share.
of
General Cigar Co.,
»42,500 shs.
of common stock now offered
issuable at $9
per
share under
the 30,000 shares
include
•;
granted
B
However, they
position as possible.
Interest
par)
($5
class
per
NOTE—For
Outstanding
3,500 shs.
'Includes
n
sale
cents
possible
.v
Authorized
preferred stock ($25 par)10,000 shs.
stock
Common
10
4,197,559
$655,053
from
inc.
4,406,380
—
sources
ous
$0.36
and small-dimension stock,
Capitalization—
.
$3.61
$0.29
share equally in
order.
Company plans to expand and to open
Ky.
within Louisville,
Other
profit
exps.
—_
—V.
Products are sold to fur¬
niture,
cabinet and piano manufacturers
in practically all large
woodworking centers east of the Mississippi River.
In addition to
small wood parts, the company has developed a process for laminating
wood, using synthetic adheslves, into large timbers, in both flat and
curved sections, that is suitable for marine use.
Company has also
developed a new type of wooden container,
Company's plant is
located
stocks
B
Is engaged in the
1905.
Kentucky in
Company—Incorporated in
class
$2.96
Winthrop Chemical Co. securities during the first half
1945 resulted in a profit Of $8,344,477 which was credited direct
surplus.—V. 162, p. 878.
y^principally made from hardwood lumber.
-
to
and
Ky., registrar
Louisville,
Co.,
527,670
2,050,000
shares
agent.
manufacture
v •?
per
of
& Co., Inc., Charlotte,
Citizens-Fidelity
7,100,000
527,667
2,050,000
ratio of $1 per class A
and taxes, but
before profit on sale of securities and subject to renegotiation,
ilncludes profit on sales of securities other than profit on sale of stock
of Winthrop Chemical Co.
North Caro., and
The Bankers Bond Co., Inc., Louisville, Ky., in July of¬
fered 30,000 shares of common stock at $9 a share.
transfer
shares
The
Dickson
S.
R.
B
"Earnings
$568,062
233,660
$428,127
233,660
$33,954
$41,659
—
on common
Gamble Brothers, Inc.,
*
class
7,050,000
^
shares.
and
1,971,000
2,640,000
2,168,000
taxes—_
A
"Class A
1944
1945
'Earnings
$677,785
109,723
$508,688
80,560
for
No.
$662,819
14,966
,
Gross
380;
1,927,000
income —;
class
$5,061,432
operations
securities, $556,480; accounts and notes receivable, less reserve,
$38,702,000 $36,756,000
______
operations
No.
456.
p.
owned
—
from
Provision
share
Dividends declared
—V.
INet
of
and
sales
of
Cost
1
•
«-
1945—12 Mos.—1944
$4,636,910 $19,614,737 $21,210,617
1945—3 Mos.—1944
sales
Net
company
claims
sales
tProfit
696,689
$487,600
21,087
$41,951
7,996
$45,678
4,018
_
deductions
Income
six
t
Period End. June 30—
$150,000 and $275,000.
6 Months Ended June 30—
Net
1,462,833
670,181
$40,277
1,673
$44,065
1,612
Operating income
Other
controls will receive in liquidation 37% of the
at such time, which may approximate be¬
he
the
of
company
General Aniline & Film Corp.—Earnings—
$9,266,290
6,254,426
189,521
165,703
1,236,424
may
the
General ■ Refractories Co.—Earnings-^■ ■
-
con¬
#
1945—12 Mos,—1944
$9,474,127
6,914,217
or
by the company are contiguous and cover an
approximately 7,680 acres.
To date, oil in commercial quantity has not been produced in the
Gaspe Peninsula.—V. 161, p. 2218.
Subs.)—Earnings-
1945—Month—1944
$801,736
$811,002
580,666
570,421
13,590
13,700
105,800
131,827
57,615
54,775
—
-
owns
of
area
,
Galveston-IIouston Co. (&
Payette
Mr.
should then decide to liquidate,
be controlled by Mr. Payette, Mr. Payette and the
and
which
companies
net
Principal underwriters
which
shares
common
unsuccessful
which
proceeds
Net
outstanding
trols, directly or indirectly.
Upon completion of such public offering,
assuming that all the shares presently being oflered are sold, the re¬
maining shareholders will own approximately 63% of the outstanding
common shares, representing an investment of approximately $1,000,000.
In the event that one or both of the wells now being tested should
SEC a registration state¬
company
the
of
SEC—
With
ment covering
Consolidated Hold¬
owner of 50.9% of the outstanding
Limited.
of the 1,190,000 common shares to
$39,000, and also sold 38,750 shares
thereof to Second-Interstate Royalty Corp., Ltd., for $15,500.
The total
purchase price received oy Mr. Payette upon such sales was $54,500.
At
the present time Mr. Payette owns beneficially and of record
900,001 common shares of the company, and in addition, is the benelicial owner of 99.8% of the 92,500 common shares now owned by the
Consolidated Holdings Limited and of 50.9%
of the 130,720 common
shares now owned by Regal Investments Limited.
By reason of such
beneficial ownership, Mr, Payette controls, directly or indirectly, 1,123,221 common shares of the company, representing more than 88%
of
the common shares presently outstanding.
Upon completion of the
public offering, assuming that all the shares presently being offered
are sold, Mr. Payette will own or control,
directly or indirectly, more
than 35%
of the outstanding common shares, with an original in¬
vestment of $28,484.
Against this original investment he has re¬
ceived $54,500 from the sale of the securities.
Such original invest¬
ment of $28,484 does not include the sum of $33,750, representing the
cost to Regal Investments Limited of the 75,000 common shares pur¬
chased by it from the-company.
Upon completion of such public fi¬
nancing such 75,000 common shares will represent an additional 2%
ings Limited and is the beneficial
capital stock of Regal Investments
Mr.
Payette sold 100,000 shares
Interstate Royalty Corp., Ltd., for
{
Public
outstanding capital stock of
of the
of 99.8%
owner
RR.—Reorganization Reopened—
Florida East Coast
Monday, September 3, 1945'
& FINANCIAL CHRONICLE
THE COMMERCIAL
984
both series are dated
July 1,
1945.
and July 1) payable at office or agency of the
Definitive bonds in coupon form, registered as
York.
Jan.
1.
1967.
1, 1947, at 105 plus interest, or to retire¬
purchase prior thereto, of the entire $36,956,000 general
gold bonds, Series E, due July l, 1977.
(B) To redemption on July
ment
by
mortgage V/2%
%
History—Company
traces its corporate history back to
the Minne¬
apolis & Saint Cloud RR. which was incorporated Mar. 1, 1856 by act
legJslature of the Territory (now State) of Minnesota.
of the Territorial
The first
the follow¬
Minneapolis & Manitoba
portion of the road was completed in 1882 and in
ing year the property was sold to Saint Paul,
J:
-'.'v...-
■■
Volume
162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4417
-
the name
Northern
Railway/ Company, -from Feb. 1, 1890, operated under lease or other*
wise the properties of certain other companies . which It later acquired
18, 1889, when it owned no physical property,
Cloud RR. was changed to Great
On Sept.
Ry.
outright.
wheat
and
Between
I
Patterson,
.
one
lumber
April
years
Minnesota.
in
resources
%
Minot,
D.,
N.
to
Quail
Northern
is
of
one
Daniel F.
E.
and Province
British Columbia,
of
Summary of Earnings for Calendar Years
&
Hutton & Pomeroy,
Inc.
Scranton
Operating
Available
for Fixed
Revenues
Charges
Railway
:
,s *"'
Robert
Deane
Brothers
Stem
.
Co.
Stokes
*J>
11944
*13,606,394
1944"
32,096,720
42,765,017
30,701,079
24,420,322
22,902,195
16,985,924
26,112,884
200,573,426
1943
1942
165,206,031
„_
1.941
125,044,883
1940
101,743,146
1939
91,783,373
1933
79,215,531
1937
94,942,292
—
Yeatman & Co.,
Thomas
H.
Thomas
&
E.
&
Weeden
Davis and
&
Wheelock
&
The
General
'
F;
due
Jan.
1,
1952
due
Jan.
Jan.
1,
1,
3Ve%
L,
3 %%. due
Series
C,
Series
5%
D, 4 VzVo
Series
M,
due Jan. 1,
due July 1,
3VZ% due Jan. 1,
Series
N,
3%%
_
Jan.
1,
1990—
3Vz'U due Jan.
Equipment obligations
1,
2000
Series
O,
stock
Preferred
Fractional
-
of
——
shares)
(3,092,539
10,208,194
8,686,425
2,712,560
10,089,920
their
75 000
and Year
holders'
100,000
75,000
.
Date
to
Net
ry.
railway— 118,827,995 116,075,134 106,247,908
railway-—__
39,134,681
39,831,030
40,153,432
income—_
16,934,537
15,567,067
15,997,863
p. 672.
from
Net
classes of stockholders were well above the
majority vote re-„quired for the proposed amendment to the company's articles oi incor¬
poration.—V. 162, p. 879.
both
Idaho Power Co.- -Earnings—
30,532,034
16,344,975
.The SEC has
its
preferred
granted the application of the
(which
shares
in
are
in
arrears
preference plus
accrued dividends, at
C. Allyn
and Co., Inc.
Emerich & Co., Inc.
Applegate
1
and S. Bleichroeder,
Arnhold
Atwill
A.
and
Company
directed
Ball.
than
a price of not less than 90%
of
plus accrued dividends.
The Commission
company shall pay out all of its net income (other
sales of securities) as dividends on preferred shares.
profits on
157,
375,000
75,000
50,000
50,000
""2,000,000
1,375,000
75,000
Kraus
Barrow, Leary & Co.
Jack M. Bass & Company
Stearns & Co.
_
Inc.
Bosworth, Chanute, Loughridge & Co.
J.
C.
Bradford
&
Period End. June 30—
Operating
1945—Month—1944
Burr &
$1,541,678
revenues
$1,481,374
Cahn
481,196
77,368
.66,340
891,037
Caldwell
C.
F.
Phillips
126,482
1,532,416
50,000
16,150
16,150
193,809
193,809
367,043
376,136
4,300,859
3,774,563
111,478
106,974
1,310,366
1,204,197
of
plant
5,647,838
acquis.
Securities Corporation
W. Clarke Corporation
Securities
50,000
Coburn & Middlebrook
Julien Collins &
Cooley & Co.
Cruttenden
Dallas
Union
&
Davis, Skaggs & Co. ^
Dempsey & Company
R.
Dickson
S.
John
M.
&
50,000
Douglas
Clement
&
Evans
A.
Co., Inc.
The First Cleveland Corp.—_____
&
Fitzgerald
Co.
—
Marshall
&
Foster
Graham,
—
Granbery, Marache & Lord
Greenman & Cook,
—
■
——
■:
Ellis & Anderson
Green,
—
—
Parsons & Co.
;
——
Inc.
Gregory & Son, Inc.
Hallgarten &
Carter
Ira
Co.
Harrison
H.
&
Hawkins
Robert
Hayden,
Stone
&
Co.,
Inc.
—
Co.
&
——
Heller, Bruce & Co.
Hill &
Co.
Hirsch
&
Thomas
A.
Co.
C.
Langley
Lucien
B.
Lazard
Loewi
Freres
&
Burns
Mason,
Moran
&
Co.
—
*
—
—
.
Company
&
Co.,
.
Inc.
Metropolitan St. Louis Co._—
E.
W.
&
R.
Favre &
Nashville
Securities
National Co.
E.
M.
The
Newton
O'Gara
Ohio
of Omaha __—i
&
&
3,000,000
i
J_
1
Co.
*1
:
100,130
1,014,877
1,210,289
$216,303
$2,520,188
$2,154,133
45,341
43,592
533,599
75,000
50,000
75,000
75,000
100,000
$259,895
$269,268
in
income
taxes
resulting
amortization
from
$973,635
$2.53
$2.16
are1 expected
162,
Debt—
its
Society
the United
of
V.
will
retirement
This
162,
p.
free
the
States.
company
5,030,745
33,120,394
292,856
394,014
2,241,499
2,230,177
2,343,509
17,727,472
124,375
6,073
110,762
of all debt for the first time
In 1936 its funded debt amounted to nearly $8,000,000.—
9.
income
Non-oper,
$332,641
11,122
8,808
$676,393
$664,326
5,597
_____
Total
•
,
12,502
:
$688,895
$343,763
276,443
272,622
557,418
593,362
$55,942
$71,141
$115,716
25,478
49,330
-V.
C—
income
161,
$66,386
$42,966
2786.
p.
107,247
—V.
162,
p.
832,024
income—
570.
Harnischfeger Corp. (& Subs.)—Earnings—
1944
1945
profit, excl. of houses division
Gross
$5,062,131
$5,243,578
admin. & gen. exp.—
2,595,634
2,259,133
eng.,
Profit
from
$2,466,496
operations
income
117,334
—
—
Total
income
$2,583,831
—
590
disposal of capital assets-
30,943
Fed.
income
Wisconsin
Reserve
<fe
Aug.
directors on
the
common
stock,
28 declared a dividend
$25, payable Oct. 1
par
15.
This compares with
April 2, 1945.
Last year,
on
Net
for
Years
Ended June 30
^512o7c?
profit
Earnings per share—
,
balance
sheet as of June 30,
Treasury
"Balance
of
dhemical Corp. (& Subs.)-
Indiana Gas &
1945
$623,273
417,197
46,184
36,310
4,492
17,327
June 30—
Production sales and operating revs.
Manufacturers and oper. expenses.
Ended
and
repairs
—
selling expenses
Insurance
1943
*'
General
$2,984,445
116,693
taxes
Net
$3,101,138
3,821
$5,957,061
107,196
etc.,
4,726,000
securities,
372,500
unbilled
300,000
50,000
75,000
315,000
of
life / insurance
$329);
75,009
-
$6,182;
amortization
Balance
$83,119
35,069
$64,446
$83,638
/
$48,050
Sheet,
June
30,
1945
policies,
(after
June 30, 1945
on
receivable.
reserve
for
depreciation,
payable,
pay
^
-
$
205
cost
of
deferred charges, $zu,zua,. cost u*.
$670;
$20,861;
d
SSi "S
$1,581,126), 3.i,roz,oxj,
accounts payable, $85,550; "Q$3 cumuiative preferred stock,
at
$40,030;
miscellaneous
(after
reserve
of
operating plant (after reserves for depreciation and
$4,797,669), $3,869,721; patents, patterns, drawings,
of
'
hand, $174,425; U. 6. Goternment
special deposits $6,355;accountsreceivable mc
(after reserve for doubtful accounts), U9i►
Notes
Liabilities—Notes
market quotations, $7,426,311; cash in
cost,
$1,450,000;
notes and
accounts receivable (after reserves of
$407,103), $2,880,769;
inventories, $5,841,821; other current assets,
$189,650; compensation insurance fund (per contra), $114,510; esti¬
mated
post-war
refund of Federal excess profits taxes, including
refund
bonds of $439,987
(per contra), $1,610,898; surrender value
priced
15,912
taxes.
banks and
gas
interest
$665,757
4,833
r
5"
V ,(
S*e?n proTre's "SmSU&I
refund of Federal excess profits tax.
for 1945 renegotiation.
v
Consolidated
40,876
4,600
17,215
38,569
inventories,
Assets—Securities
366,320
$122,207
$100,000;
sales
$298,383; prepaid insurance,
164,800
240,000
post-war
I '. 29,674
48,384
37,317
Consolidated Balance Sheet,
81,000
tIncludes $120,000
35,459
$101,762
J-"
income
Federal
Assets—Cash in
ment
"Before
1943
($540,734
—
deductions
"Net income
$6,064,257
26,464
2,356,800
$309,252
Earnings—
1944
$681,205
453,340
—
income
110,000
$328,296
•
amounted to
$8,014,075
2,057,014
—
+ 1,745,000
income
1944
^
$3.51,
$3.44
hand of $1,and Treasury
1945, shows cash on
certificates of indebtedness of $350,000
savings' notes, series C, of $700,000. Current liabilities
$529.442.—V, 160, p. 984.
*
The
taxes
profits
contingencies-
4,811,191
1,998,684
1,190,970
828,599
Sept.
taxes———
excess
income
for
5,530,917
2,419,223
of 75 cents per share
to holders of record
$1 paid on June 20, last, and 75 cents
the following dividends were disbursed:
April 1, 75 cents; on June 24, $1; and on Oct. 2, 75 cents.
The
on
"Before
Loss on
226,301
Corp.—Dividend—Earnings—
Imperial Paper & Color
Interest,
Other
1942
$783,796
373,354
137,125
6,695,285
3,014,306
795,055
6,931,898
2,915,794
railway—
oper.
Administrative and
Selling.,
1943
$862,515
394,272
1944
307,311
railway-
from
Maintenance
6 Months Ended June 30—
1
.
$45,663
$31,486
profits taxes.—
,
$1,069,769
513,423
127,123
$895,766
income—
oper.
3 Months
Net
11,666,323
excess
„
1945
ry.
52,567
deductions
11,397,090
and
income
*.
From Jan. 1—
$95,533
24,456
and taxes.
Net earnings
Interest
$673,134 (
$332,385
income
exps.
1,045,998
1,401,727
railway—
from
515 782
Oper.
752,442
37,267
7,560,052
865,038
1945 V
1945—12 Mos.—1944
$326,788
Revenues
36,045
Federal
for
Results
1945—6 MOS.—1944
18,511,200
7,159,375
-Earnings-
Hamilton Gas Corp. (& Subs.)
2,745,478
-
1,340,395
railway_—_
from
Net
On
Period End. June 30—
j.
$
149,427,652
95,771,222
32,399,752
6,546
July—•
Gross
Gross
outstanding
.-
Illinois Terminal RR.—Earnings—
from
of
$
22,018,311
1,008,084
879.
p.
ry.
all
1
Oct.
1945—7 Mos.—1944
149,897,777
96,808,412
—
providing
"After
'
14,250,043
_
income
Net
on
255,123
21,129,884
13,706,662
4,900,189
charges
"Net
.
Net
retire
;
of System-
1945—Month—1944
income
oper.
income
Fixed
/
to
:
570.
Miscellaneous deductions
emergency
will
company
in 36 years.
100,000
100,000
$1,137,232
$0.48
of
facilities under the Internal Revenue
to be employed throughout their
replace existing facilities.—V. 162, p. 353,
as
and not to
50,000
75,000-
$217,996
$0.60
Railway tax accruals.,
Equipment & joint facil¬
ity rents (net Dr)—
$2,457,934
584,967
$3,053,788
560.916
Federal
facilities
amounting
Assurance
100,000
100.000
250,000
50,000
100,000
$268,125
revenues
funded
100,000
50,000
corn-
share-
expenses
ry.
$1,370,844
397,203-
$1,392,355
98,913
oper.
Net
/
$316,909
for
com.
p.
$500,000, Alfred B. Geiger, President, has an¬
nounced.
The company is calling $350,000 of 10-year 27/s%
sinking
fund debentures due April 1, 1951, at $102 and interest and $200,000
of the same issue will be retired through operation of the sinking fund
on
the
same
date.
These debentures are held by Equitable Life
The
75,000
50,000
75,000
75,000
250.000
50,000
per
708,449
60,587
oper.
303,800
F. Hall Printing Co.—To Pay
debt,
75,000
$2,106,160
' 735,317
$2,098,805
$328,712
-
avail,
Net
3,000,000
375,000
Co.
Company
—'
77,126
taxes
allowable
which
W.
3,000,000
75,000
500,000
50,000
100,000
—
Co.
Newburger & Hano
Alfred
3,000,000
75,000
500,000
50.000
$2,101,609
4,551
2,276
stk.
pfd.
to
Railway
50,000
50,000
Co. ;
Co.
Ross &
Murphey,
$3,364,423
$223,927
in
normal life
375,000
100,000
100.000
100,000
& Co.
Co.
&
Leonard & Lynch
Mullaney,
The
—
$3,535,066
requirements
50,000
75,000
Miller
C.
Monell
Minsch,
Moore,
—
Inc.
& Co.
Mericka
J.
——
i
& Corbett,
Mather &
Morris
—__
Co.
Co.
Martin,
Wm.
&
Layne & Co.
$316,433
amort
"■Reduction
Code,
100,000
150,000
'/'*
$
$3,329,209
35,213
_________
div.
facilities
250,000
50,000
375,000
150,000
50,000
_____
Ladenburg, Thalmann & Co.
Laird, Bissell & Meeds
W.
375,000
150,000
*
75,000
&
Dr37,707
income
Balance
Pfd.
50,000
375,000
100,000
Kemp & Co.
Kidder
M.
50,000
100,000
Taylor & Co.
Kean,
172,448
Fdriod End. July 31—
V.
375,000
250,000
375,000
75,000
500,000
1,250,000
150,000
______
Co.
$3,572,773
8,340
$301,053
and
^Reduction
400,000
200,000
50,000
75,000
50,000
50,000
250,000
*
._
Net
50,000
400,000
200,000
50,000
75,000
50,000
50,000
50,000
375,000
250,000
375,000
75,000
500,000
1,250,000
50,000
Co.
Haupt & Co.
$308,092
Dr346
(net)
50,000
„
Inc.
Co.,
$489,357
171,424
income
appl.
Other
150,000
190,000
50,000
Co.
$301,400
revenues
oper.
Balance
250,000
150,000
100,000
Co*.
Trust
—
income
Interest
50,000
1-50,000
250,000
,
Net
50,000
150,000
_
Co.
&
Davenport
Co.
_______
&
$500,136
deducts._
Railway
taxes-
taxes
Other
100,000
50,000
Corp.
Other
.50,000
50,000
100,000
Richard
Clayton
income
Federal
100^000
50,000
50,000
—-
Central National Corporation
City
$2,096,529
689
1,488,807
6,438,216
50,000
100,000
50,000
Co
Cassell and Co.
$488,668
67
Illinois Central RR.—Earnings
901,666
128,600
—
adjustments
50,000
750,000
50,000
50,000
r
Co.
&
Net
Divs.
$18,245,479 $16,540,092
539,636
Amort,
50,000
750,000
—
Company, Inc.
Frank B.
$500,069
*
—V. 1C2,
1945—12 Mos.—1944
Depreciation
100.000
50,000
Co.
Brooke, Stokes & Co.
5,617,347
income
Earns,
Maintenance
.
75,000
100,000
Co.
and
Monroe
Braun,
1,365,399
income
Gross
Total
Bal.
100,000
725,000
100,000
50,009
100,000
100,000
50,000
375,009
75,000
50,000
50,000
2,000,000*
1,375,000
50,000
j.
Weeks & Harden
Blair & Co.,
1,430,009
income
993.
p.
Gulf States Utilities Co.—Earnings—
:
50,000
100,000
100,000
Inc.
Burge &
Bear,
deducts-
$7,608,126
5,506,517
$7,713,875
revenues(net)—
oper.
Other
the
that
—V.
$5,150,000
;
E. Aub & Co.
Baker,
$1,854,066
preference
liquidating
"
Allison-Williams Co.
Geo. G.
$1,930,078
revenues
revenue
Net
company to repurchase
the payment of divi¬
when the asset coverage of the shares exceeded the liquidating
dends)
the
Series O
$5,150,000
100,000
725,000
100,000
Halsey, Stuart & Co., Inc.
A.
1945—12 Mos.—1944
1945—3 Mos.—1944
Period End. June 30—
■i
Operating
Oper,
Operation
purchasers
Series N
Ames,
will be
proxies
82,114,373
oper.
162,
j
forthcoming before the September meeting, he
said.
Vv^
iv; *• / :
Proxies from class B stockholders,
meanwhile, exceeded the twothirds vote required
for the release of their pre-emptive rights to
subscribe for 190,000 shares of the new preferred, while proxies of ;
railway
from
Gross
pay¬
of the general mortgage
bonds, Series N and O, and the principal amount of such bonds which
they respectively have agreed to purchase:
the
of
75,000
the
75,000
.
From Jan. 1—
272,835,460
3,090
:
agreements for equipment involving deferred
have been negotiated since June 30, 1945.
sale
$3,825,218
Underwriters—Name
75,000
;
-•
$22,864,400
35,000,000
30,000,000
14,154,900
14,508,000
35,000,000
37,500,000
37,500,000
18,298,708
shares)
(43(/2
scrip
Conditional
ments
due
75,000
to be just under the two-thirds vote required for issuance of
proposed $6,000,000 of debentures and for the release of class A
preemptive rights to subscribe to 16,500 shares of the proposed
new $50-par 4V2%
preferred stock.
;v
1
,
,< / „/
Assurance has been given by
additional class A stockholders that
pany
100,000
r
1942
1945
1944
1943
$20,132,829 $17,657,299 $18,928,733 $15,762,035
Net from railway—
8,500,196 * 6,474,960
8,741,061
7,750,540
Net ry. oper. income—
5,759,371
3,561,566
3,156,493
4,123,763
—V.
1960
1970
1973__
1976—
1980—1_—
K,
Series
50,000
Guardian Investment Trust—To Purchase Shares—
5V2 %
Series
stockholders' meeting, scheduled for Aug. 28, to vote on a*
proposed refinancing plan, has been adjourned to Sept. 11, to allow
more time for the submission of proxies by class A stockholders.
iV
Proxies available from this class were said by an officer of the com¬
f
-
Corp.—Meeting Adjourned—
Houdaille-Hershey
2,000,000
75,000
Earnings for July
from
a
A special
150,000
,
100,000
Co.
July—
Gross
Debt Unmatured
B,
75,000
50,000
250,000
100,000
:
__
Inc.
Co.
Co., Inc.
&
Yantis
S.
&
Dulles &
Wurts,
Co.,
at
28
to stockholders for
75^000
Cummins, Inc.
Sanford
Woodard-Elwood
*8,578,459
*6,201,934
23,396,966
19,590,543
29,054,021
16,785,159
Mortgage Bonds:-
Series
75^000
50^000
250^000
5o|ooo
150^000
2,000i000
______
White-Phillips
50,000
shares of authorized
44,049
Aug.
offered
150,000
150,000
Co.
Co.
Hattier &
White,
v
1
Funded
!
Co.
250,000
.
voted
will be
50,000
250,000
Arnold
&
100,000
to Stockholders-
but unissued common stock
special meeting of stockholders.
The shares
purchase at par value, $3 per share,
in the ratio of one share for each three shares held.
As a result Of the issue,; the company will have a capital of $529,000.
As of June 30, Its combined surplus was $664,742 and its title reserves
$117,142.—V. 162, p. 458.
of
issuance
was
Giving Effect to the New Financing
Outstanding
Capitalization
~
Inc.
Co.,
50,000
50 000
1
and
50,000
50,000
Co.
Thomas
W.
Inc.
Temple Co.
•Townscnd, Dabney & Tyson
Watkins, Morrow & Co.
dividend from the
the same period of
for first 6 months of 1945 includes
of $2,075,448 with no similar item for
tFirst six months ended June 30.
."■Figures
Burlington
1944.
$ *•'
$
5,028,435
6,050,310
12,919,278
12,506,172
13,710,996
13,915,920
14,212,128
14,215,770
14,273,364
16,022,964-
98,417,835 *12,252,244
207,657,795
36,316,244
____
-
Co.
Supplee,
Net
$
98,695,166
tl945
&
200,000
50,000
;___—
__
Home Title Guaranty Co.—Rights
150,000
50,000
100,000
Stix
Welsh,
Income
150,000
payments
.
150,000
200,000
Agee & Leach
Walter
50,000
50,000
>
150 000
,__2
Co.
Sterne,
&
125,000
50,000
_
~
Co.
&
50,000
:
50,000
Scribner
&
50,000
1,000,000
^
50 000 '
125 000
~
&
Starkweather
Weil
Fixed
'
—"
^
Showers
Singer,
-
Charges
'
&
; 150,000
2,000,000
50^000
1,000,000
;
—
Seasongood & Mayer
Wertheim
'
Inc.,
Co.
W.
50,000
100,000
2,000^000
'
advance
50,000
150,000
__I
Inc.—
miscellaneous accruals, $699,942; accrued wages and
accrued real estae and general taxes, $302,454;
on contracts from customers, $97,108; reserve for
estimated retroactive wage adjustment, $900,000; reserve for Wisconsin
income taxes, $110,C00; reserve for Federal income and excess profits
taxes and renegotiation of
war contracts for 1943 and 1.944 (after
deducting U. S. tax notes—at cost, deposited under bank credit agree¬
ment, of $3,815,000), $1,723,378; compensation insurance (per contra),
$114,510;
possible future inventory price declines and other con¬
tingencies, $339,000;* estimated post-war refund credit (per contra),
$1,610,898; 5%
cumulative preferred stock ($100 par), $79,600; 5% /
cumulative preferred stock, second issue ($100 par), $1,502,500; com¬
mon
stock ($10 par), $2,852,190; capital surplus, $1,347,173; earned
surplus, $3,134,598; total, $17,180,728.—V. 160, p. 625.
• ;
'
commissions, $346,800;
100,000
100,000
'__
•
and
payable
50,000
50,000
Co.
Charles
50,000
100,000
•
payable maturing Sept. 10,
1945, 2%% under
bank credit agreement ("VT" Loan) for $5,250,000 expiring Dec. 31,
1946, $1,350,000; accounts payable, trade,
$670,577; other accounts
Liabilities—Notes
(
100,000
50,000
,
;■
Rice and
Schcellkopf,
v
.
/
,
;
Scott, Horner & Mason,
California,
Canada.
:
______________—
Rollins & Sons,
H.
Russ
Company owns
Minnesota, Iowa, North
7,911 miles of road in the States of Wisconsin,
Dakota. South Dakota, Montana, Idaho, Washington, Oregon,
Inc.
Gardner
100,000
50,000
100^000
50^000
Company_____
Robinson-Humphrey Co.
the Northwest United States.
ing the Pacific Coast in
Co.
Co.,
V'■;> 75,000
1Q0.000
Inc.
Pierce & Co., Inc.
transcontinental railroads reach¬
four
&
&
&
(approximately 503 miles).
Great
Putnam
Reinholdt
'
The
L.
Rauscher,
completed
was
Kendall,
&
Peters, Writer & Christensen, Inc.
F.
The following
year an extension was built to Butte, Montana.
This enabled the road
to serve the coal mines near Great Falls, the copper mining industry
at Butte, and the intervening winter wheat country.
Surmounting many difficult engineering problems, a route for the
third major segment of the road finally was surveyed and by Jan.,
1893, the road was extended across the Rocky Mountains via Marias
Pass (adjoining Glacier National Park) and through the Cascade Range
(over switchbacks until 1900, then via the original Cascade Tunnel),
leaching Everett and Seattle on Puget Sound.
-v "•
Great Northern Railway and the Northern Pacific Railway jointly
acquired control of the Chicago, Burlington & Quincy in 1901, and
formed the Spokane, Portland & Seattle in 1905.
During 1907, the
leased
lines
of
the
various
wholly
owned
railroad subsidiaries of
Great Northern were acquired by the parent company.
The principal
properties so acquired were those of St. Paul, Minneapolis & Manitoba
Ry.
(approximately 3,877 miles)
and Eastern Railway of Minnesota
from
75,000
Winslow, Inc.
750,000
$552,251;
charges,
jigs, development, etc.—record value, $1; deferred
total, $17,180,728,v*-'v
2,000,000
750,000
Co.
Copeland
west ot
rerrin,
/
^
Nov. 18, 1887, a 643 mile line
Great Falls and Helena, Mont.
and
1
of
period
Webber, Jackson & Curtis
Park-Shaughnessy
■>
major
three
built in
was
considerable
a
homcsteading, when
the
Paine,
,
,
>.,'■>
stages. The first phase
marked by land grants and
small road after another was built to develop
;
railroad
/The
covered
Series O
V/ •■
Series N
—1_1—2,000,000*
/.j--4Otis & Co.
the Minneapolis & Saint
of
985
t%
oar)
fund bonds due
$35,369;
$1,170,000;
surplus,
p.
April 1, 1956. $620,000; reserve for main¬
cumulative preferred stock (23,400 shares no
stock (par 50c. per share), and fMdtal
$2,347,053; earned surplus, 3477,SG3; total, v4,9^,43_.
7. 1_0,
Staking
tenance,
2647.//;:/."
$3
common
.
r
■
,
and interest (F&A) payable at American National Bank &
Chicago, trustee.
Debentures are in coupon form and in
denominations of $1,000 and $500, registerable as to principal only
and
are: Interchangeable.,; Redeemable
at option of company as a
whole or In part, at any time on 30 days' notice, at 103 and interest
-v
■
Consolidated Balance Sheet
f*'
Principal
RR.—Earnings—
Indiana Harbor Belt
J
j
SEE SZJSZZ "301
Eqcmtye?ent? ^J85,763
;
712,004 J
592,502
87,933
Trust
prior
and
1950,
1,
Aug.
to
for
102
at
fund
sinking
shares
deductions
:S'- Net
income
288,912
intangible
"518,537
of pits.
depr.
for
$7484841 $1.317?334
S^feil
Prom°8forn opXont
wnUngemSes
'
^
109,247 >
130,165
70,000
119,000
455,600
862,000
865.000
*
$135,734
$236,786
$182,390
also subject to review by
determination of possible
contracts.—V. 161, p. 2000.
profit
$137,010
-
Note—Operations of the corporation are
Federal Price Adjustment agencies lor the
profits on war
excess
;
«ales
Net
Costs,
Total
140,989
income
$1,792,730
620,000
•450,000
50,850
_
___
_
Federal income taxes—.____-
Federal
profits taxes
excess
—-
$893,634
$522,440
195,462
233,296
I
dividends
Common
---—'
50,000
179,517
249,385
—_____I——
profit
Net
Preferred
63,2„9
——
—
(net)
credits
dividends
—.— -
$513,707
195,462
232,256
war
1_
—
$464,733
$2.22
share.
common
.*
986
in
in 1943,
1944 and $302,191
$252,415 in
1945,
Sheet,. June 30, 1945
Balance
Consolidated
Treasury Certificates and
receivable (after reserve of
$358,631), $3,973,478; inventories, $7,074,267; investments and other
assets, $535,449; fixed assets (after reserves for depreciation of $7,0.94,598), $6,708,566; goodwill, $1; deferred
charges, $624,991; total,
Assets—Cash, $5,315,523; U. S. Bonds,
Tax Notes, $946,528; accounts and notes
the
Liabilities—Accounts*
minority interest in subsidiary companies, $150,916;
cumulative
preferred stock (par $100), $7,811,900; common stock (320,754 shares,
no
par),
$3,207,540;
capital
surplus, -$4,718,373;
earned surplus,
$5,219,209; total, $25,178,803.—V, 161, p. 2220.
Statement
Consolidated
of
6
Income,
Months
Cost
of
1944
1943
$2,801,447
rubber__.____.L_
guayule
$1,943,286
$1,668,786
2,130,025.
1,358,326
993,922
$671,422
suies
The
$584,960
61,989
$674,864
25,773,
Other
$646,949
67,090
65,601
income
36,879.
"
_
Total
income
___Z__
Selling,
general
and
•
Provision
Other
.
for
for
"come
74;822
exps.
depreciation
charges to
•Prov.
$708,301 Z'.'
admin,
U.
taxes
67,768
income—
S.
and
1,280
-
'
191,949
189,012
.«•
$372,482
•After
________
deduction
profits
excess
of
$315,765
tax
considered
Statement
The
of
sion
$72,865; provision
penses,
deduction
of
foreign
tax
the
of
1945,
further
used
for
U.
for
credit
parent
and
S.
against
company
Total
income,
foreign
U.
S.
income
taxes;
no
only
for
taxes
Consolidated
Comparative
*'
Cash
U.
Balance
S.
Govt,
Accounts
Shrub
Materials
Fixed
securities—.;...
;
receivable
and
rubber
and
supplies at
and
cost
in
5%
Advances
in
names,
less
connect,
Prepaid' Mexican
293,528
income
cult,
150,420
96,456
81,998
81,998
taxes—
claim
against Mexican Government—
advances, claims and deposits
Prepaid' and deferred charges
Other
127,714
40,568
&
Amott,
-
.
Brush,
Accounts
A.'G.
$4,105,236
Reserve'for
Statutory
U.
and'foreign
S.
taxes
accumulated
reserves
Mexican
Reserve—foreign
exchange
E.
Robertson
H.
Co.
&
of
Rollins
88,606
differences—
7,434
Jenks,
412,861
412,861
Earned, surplus
800,110
427,628
stock
Capital
(595,832
conv.
shares)
—V.
$4,666,992
160, p.
•
Cost
of
banking
offered
1957, at 100 and interest and
*
and
the
registrar
debentures
are
dated
Aug.
l,
1945 and are
Accounts
due Aug.
100,000
1,
1957.
securities
17,331,592
44,534,397
14,562,040
43,151,780
,
receivable, less reserves
Inventories
held
retirement system reserve
Miscellaneous securities at,or below cost
Account receivable,
due 1945-50
Secur.
against
Refundable
Charges
future
to
Property account
.
15,526,074'
601,167
600,528
20,000,000
.
1,300,000
254,245
181,415
128,893,309
operations
(net)—'
Total
18,762,507
18,333,300
1,300,000
of excess prof, taxes (ets.)
portion
133,770,166
303,336,035 304,239,913
-1
payrolls
1
Accounts
payable
Preferred
8,343,678
dividend payable.
Taxes based
Retirement
and
—
system
stock
Common
15,532,132
13,038,697
adjustments in consol in suspenseSurplus* arising from transfer of nickel prop¬
Exchange
60,766,771
20,000,000
!
13,085,950
27,627,825
60,766,771
60,606,500
Earned surplus
20,000,000
27,627,825
60,606,500
82,931,158
83,829,267
Dr2,461,542 Dr2,461,542
Finland
in
483,474
17,715,000
14,566,729
reserve
(14,584,025 shares, no pari
Capital* surplus
7,952.645
483,475
16,534,635
income—
on
Contingent, insurance and other reserves
7%
cumulative preferred stock
Total
-V.
—
:
161,
303,336,035 304,239,913
2220.
p.
of
.
and
shares
.
is
the
Amer¬
principal
which
each
Debentures
$225,000
L__
has
Pancoast_:
!
5,000
5,000
100,000
10,000
100,000
100,000
75.000
Co
50,000
&
7,500
5^000
Co
Statement
6 Mos. End.
i
of
1943
1944
1942
admin,
$5,109,854
$4,631,060
1,598,527
sold
expenses
Other
Fed.
3,398,090
3,256,059
401,388
748.061
796,298
Cr8,398
9,840
$506,930
$963,703
$587,100
$580,062
deductions
taxes on
franchise
inc.
profit
$1,192,456
708,375
Taxes
697,937
$57,368
$494,518
I
Net'
operating
Total
income
deductions
income
26,974
(net).
bonds-
-
392,367
185,602
—
161,
229,181
$155,208
on
Deficit
$127,028
2220.
p.
Co.—Earnings—
Iowa Public Service
1945
Operating
revenue
:
—
Maintenance
Amort,
of
for
utility plant
Charge in lieu of additional
and excess profits tax
Net
earnings
L
from
interest
Total
715,058
35,863
653,894
2,749,918
320,777
708,710*
574^363
905,514
674,712:
$1,210,331
$1,274,83940,780'
Federal income tax
operations
(net)
income
Net earnings
$6,350,387
327,485
—
—
depreciation
——
acquisition adjustments
Taxes, other than Federal income
Federal income and excess profits taxes
Provision
1944
$6,783,130
2,934,985
12 Months Ended June 30—
$3,856,915
"
2,618,251
.*!
47,068
42,934
,
;
$1,253,266
607,596
$1,315,618:
$645,669
334,903
$670,708
$310,767
*
charges and other deductions—
Net income
Dividends
675,513
;—
accrued
Balance
Earnings
76,767
82,548
61,691
$1,040,470
$669,648
$615,002
->
4,658
(net)
income
tax
&
?
394,550
>■>-".
,
9,100
4,215
;
712,917'
y'-v.. - 15,392
-
"
■
<
2,401
.
■
7,264
51,009
:
438,515
■
L 321,552
;vv- ./
•
5,194
162,
on
—
preferred
stocks—
——
$171,754
$307,946
$221,468
$237,247
*■.—
:
per
p.
share on 412,000
"
248.:
-
$335,805*
644,910-
334,908
common
shares
$0.75
L
$0.8!
.•
Interstate Power Co.^—Files Plan
of Recapitalization—
subsidiary of Ogden Corp., has filed with the SEC
a plan of reorganization to simplify its capital structure by
converting
it into a structure consisting only of debt and. common stock.,
Equi¬
table distribution^ of voting power is declared also to be a purpose of
The
the
new
company,
a
reorganization.
The
Net
4
140,000
$765,743
substitutions
140,000
$553,310
—73,132
income
Pennsylvania
"
profit!—-
income
1,100
costs
gen.
for doubtful accts.
Total
paving
.
$2,506,845
goods
and
Operating income before taxes.
Other
Income
Years Ended November 30
.
bus
future
count
A
10,000
Consolidated
514,636
196
removal
Operation
12,500
50,000
_
503,360
__:
rail
for
„
50,000
—;
4,048,061
i
Retirements,
7,500
Co.
1944
$5,896,253
4,305,582
Expenses
37,500
125,000
Inc.——_
1945
$5,714,882
No. of Shs.
25,000
50,000
Sons, Inc.—
Buffalo—Income Account-
30—
Depreciation
—V.
.
Railway,
International
six Months Ended June
Revenues
common
.
The
17,364,776
15,721,134
securities
Government
Interest
underwriters
number
the
less discts.,
Operating
Other
.
shares
(par $1) at $8.25 per share.
The com¬
mon stock is
presently outstanding and no part of the
proceeds will be received by the company. ..."
L .^
28,958,180
$
Short-term
v.
-
-
due
debentures,
acquired
be
?
Offered—A
group headed by Straus & Blosser on Aug. 24
$1,000,000 12-year 5% convertible sinking fund
; debentures
common
-
24,657,671
37,201,404
Cash
of
Sons
shipping,
and
Prov.
*
Co.—Securities
to
Chicago.
May 31,'45
729.
Furniture
the
follows:
as
.
v-
Gross sales,
etc. —i.
$4,105,236
i
International
of
the
of
California
&
Kirkland
Selling,
Total
Dec. 31, '44
Sheet
Balance
Assets—
shares 370,000.
Chicago,
Co.
Inc
Co.
'
2,979,160
surplus
and
7,423
2,979,160
Capital
2,461,542
$0.87
2,461,542
$0.47
2,461,542
$0.39
share
com.
Consolidated
Provis.
Co
&
&
Gorman
104,107
88,606
under
i.
names
are
&
Richter
Wulff-Hansen &
75,448
250,421
———
articles
Maxwell, Marshall & Co._
$10,000
113,397
subs,
of
50,000
.
by
law
+275,000
are
Co
Scherck,
acciuals
conversion
the
to
Bank,
Trust
&
Co.,
&
&
Edwards
Link,
*
$15,000
including
payable,
for
Blosser-—-
Slocumb
Dewar,
35^206
Drafts payable—____
reserved
_
Baker
Pacific
Liabilities—
National
Bank
purchase,
Brailsford
118,585
$4,666,992
Total
$1,000,000
"370,000
leaving the authorized
,,i
Straus
472,051
Allowed
per
suspense
2,461,542
$0.86
June 30, '45
in
Outstanding
—:
amendment
of
debentures
of
to
..
*/;. i
697,258
First
is
agreed
224,924
program
will
balance
$1,000,000
debentures
$1)L
shares
95,000
cancelled
amount
1,284,775
1
shrub
The
Authorized
(par
National
629,952
reserves
con¬
24,570,263
Earnings
erties
fund
sink,
conv.
stock
Underwriters—The
52,603
etc..—
with
ican
760,181
1,328,725
trade
be
shares
241,913
transit——
assets
Patents,1
will
$348,498
;
hand
on
plants.
present
incorporation filed
July 24, 1945 changed the authorized shares from 3,500 common shares
(no pari to 507,500 common shares (par $1) and eliminated preemptive
fights.
A total of 137,500 shares held in the treasury of the company
/
$393,685
adjust., in
now
100,000 shares now outstanding which
by the underwriters from the selling shareholder.
Dec. 31,'44
111,178
„
its
of
shares
"Transfer.'Agent and Registrar—The transfer' agenf for thd
Sheet
$83,829,267 $82,319,380 $83,829,267 $82,319,380
period
solidation
'
1,200,000
_
property.
the
on
capital.
common
.tlncludes
excess
June 30, '45
insurance
.
12-year
Common
(after
S.
profits tax considered payable), $41,766; net income, $125,997.
Assets—
and
repairs
equipping
working
100,000
,
11,662,535
11,662,535
5,831,268
5,831,268
_._
Earned surplus end of
*
ex¬
U.
DeKalb,
in
•
—_
Capitalization Giving Effect to Present Financing
the
$240,628;
dividends
Liabilities—
elevator
equipment,,
81,262,475
82,931,158
81,859,044
$90,144,010 $88,634,123 $96,458,752 $94,948,865
483,475
483,475
966,950
966,950
surplus
dividends
'
■
Note—Articles
shows;
•
,
83,959,562
period—
Common
offered are presently issued and
outstanding and are owned by Philip W. Pelts, and the company will
receive no part of the proceeds of the sale of such stock.
U. S.
no
operations
manufacturing
'
•
of storage,
and
The
payable.
Income
Jialf year ended June 30,
taxes;
■
proceeds from the sale of the debentures and the
properties to be sold to Philip W. Pelts are estimated at $1,081,599.
It
is intended to use approximately $700,000 of the net proceeds in the"
purchase or construction and equipping of new plants, and the expan¬
$384,182
foreign tax credit against U. S.
.1
Chicago
"Includes
Net income
conducted
-
begin-
10,372,610
8,767,918
4,781,549
$6,775,079 $13,527,594 $13,686,390
$6,184,443
Preferred
31,
property is leased to the S. E. Schulman Co. for the
radio and furniture repair and service for a term
ending Septi 30, 1947.
The rental for the remaining period of the'
lease is $625 a month."" The lessor pays the taxes, maintenance of
201,351
—
July
Total
Exchge.
unimproved residential property and contracts for the
built by ,it to. house the .workers of Arlington during"
the property.
The
20,500
15,553
9,480
.
Assets—On
$9,326,299 $11,556,628 $22,295,512 $24,059,000
taxes—
3,141.851
of
ning
•
1,759,808
65,489
in
Pittsburgh property is leased to the Westinghouse Electric Corp.
purpose
in-
Mexican
products
6,396,794
1,803,768
41,449
for taxes based on
profit
Earned
surplus
in excess of its ability to produce.
Arlington
$700,636
79,050
profit
its
6,339,689
890,779
27,829
13,607
.
Net
an extended
term expiring Sept. 30, 1946, for use for a warehouse,
storage and filing.
The rental for the current period ending Sept. 30,
1945, is $2,188 a month and the rental for the year ending Sept. 30,
1946, is $2,500 a month.
The lessor pays the taxes and insurance
be
Gross
of
system
before
3,197,292
3,158,982
908,910
& depl.
amort.
income
production capacity.
Pittsburgh
all
$13,407,778 $15,672,528 $30,480,418 $32,281,089
income
Profit
Prov.
for
on
(& Subs.)—»
1945—6 Mos.—1944
1945—3 Mos.—1944
Conting., insurance, etc.
-
1945
of
Sales
Total
Purpose—Net
30
Ended June
and
*
heating
(& Subs.)—Earnings—
Intercontinental Rubber Co.
its
Certain
period
$2,931,798
$2,843,J72
$13,184,403 $15,435,525 $30,051,907 $31,822,601
223,375
237,003
428,511
458,488
profit
income
Dpprec.,
Rushville,
plant at
operating efficiency, the company in 1942
and its Chicago plants, and since
greater
was
houses
Illinois.
"
.
of
L
782.
p.
Retirement
1945 the company and its
whollyfowned subsidiary, Arlington Furniture Co., entered into a con¬
tract with Philip W. Pelts, President, under which it was agreed that *
Mr. Pelts would purchase at an aggregate price of $170,000, from the
company its Chicago and Pittsburgh properties,
from Arlington all
of the shares of the DeKalb Improvement Co., and from the comoany
and Arlington all obligations owed to them respectively
by DeKalb
Improvement Co.
The Chicago and Pittsburgn properties have not
been used in the manufacturing operations of the comoany since 1942.
The assets of
the DeKalb Improvement. Co. consist principally
of
sale
payable
(trade),
$1,403,450; customers'
de¬
posits, $66,745; accrued payrolls and commissions, $524,263; accrued
taxes, $323,354; other current liabilities, $653,052;- reserves for retire¬
ment
of preferred
shares, $50,000; contingency reserves, $1,050,000;
•
to
manufactured
years
improved
•...
$25,178,803. ;•
additional
an
of the company's total
both
has
of
110,000
60,000
1,651,460
;
Period End. June 30—
Other
the Rushville and
Montoursville plants. - The production of these latter plants for the
fiscal'year ended Nov. 30, 1944 greatly exceeded the total production
during any comparable period in which the Chicago and Pittsburgh
plants were in operation.
Nevertheless, though
the manufacturing
facilities of the company in the past had been sufficient to meet its
customers' demands, the demand for the company's products during
the
$93,682
$85,989
$1.12
$1.10
* After
post-war refund of $50,000.
t After deducting $18,100 post¬
war
refund and $31,900 credit for debt retirement.
$ After $3,800,
post-war refund and $10,200 credit for debt refunding.
Note—Depreciation provision for the six months amounted to $337,Surplus
purchased
company
view
a
down
Sale
Earnings per
the
time
73,333
—60,000
—T.
v..; 1,239,590
—
—
162,
Operating
know
,
that
—
surplus
company
closed
5,500
18,593
14,250
14,712
251,500
;—
International Nickel Co. of Canada, Ltd.
the request of the United
sold by such trustee to the Defense Plant
the plant was
Navy,
With
+450,000
5,508
year)—
one
surplus
Total
and subsequently at
value
approximately 40%
$1,263,707
$126,000
2,859
7,863
(portion
liabilities
other
-V.
as Rushville, Ind. Plant No.. 2, and' In the same year
constructed a modern plant at Montoursville, Pa., for
additional manufacturing operations, which plant currently represents
46,635
$1,121,709
-
Cr221,755
for contingencies—
Provision
Extraordinary
'
—
(net)
deductions
Other
121,602
3,058
4,043
—_—
Earnings—
at book
1940
933,337
War bonds and
3.
officer—
to
Paid-in
ot
now
the
$1,217,072
$1,000,107
(net)
income
Other
$1,651,740
profit
In
Ind.,
U.
deposits for
Earned
Corporation,
,
—
and
expenses
Operating
•
States
.1944, o9,4,3-,™
$23,530,431 $14,784,434 $14,841,167
depreciation— 21,878,691 13,784,327 13,624,095
1945,.
June 30—
6 Months Ended
$127,935
1,017,113
:
—
Capital stock
Arlington Furniture Co., a wholly owned subsidiary, was organized
by the company in 1937 in Illinois, and leased a plant at Algonquin,
111., where it conducted manufacturing operations until
1941.
In
that year it completed the construction of a modern plant at DeKalb,
111., where operations were continued until Oct. 15, 1942.
The plant
had been
sold to a trustee
for shareholders and
certain of their
relatives
Subs.)—Earnings—
Interchemical Corp. (&
.
,
$2,931,793
$60,000
114,923
stock purchase
trade
———
liabilities
within
due
Due
Total
1938.
in
$2,843,772
966,338
388,239
•
stamps
a
plant in Pittsburgh, Pa.
By 1935 the volume of
expanded to a point which necessitated additional plant
capacity and the company thereupon commenced operations in what
is now known as its Rushville, Ind. Plant No. 1, to which it acquired
title
25,250
21,264
—»
Employees' income tax withheld
Deferred liability on patents purchase
had
business
22,500
19,705
—-
—J-
Employees'
of
operations
27,485
170,363
351,845
and expenses—
payable on
Accounts payable,
upholstering and finishing is done by it.
manufacturing
28,191
198,947
341,490
assets——
Total
the company were
carried on solely in its Chicago plant, and in that year the company
commenced
operations
in
Pennsylvania
and subsequently
acquired
the
1926
518,607
—-
Notes
Accrued
,
555,226
other assets
and
insurance
Liabilities—
and all the
company
Until
ownership
46,000
222,000
respectively,
thereafter.
Business—Company was incorporated in Illinois July 6,
1920, with a paid in capital of $100,000, having acquired the plant
and business of the International Parlor Furniture Co. which, since
about 1900, had operated as a co-partnership.
The business of the
company has grown to a point where it is now
the second largest
manufacturer
of upholstered
living room furniture in the United
States.
Principal products are sofas and matching chairs, although
it
has
also
manufactured individual chairs and
davenos.
In its
manufacturing
operations the company purchases lumber, springs,
cotton batting
and other filling materials, linings and fabrics from
other manufacturers.
The frame is manufactured and assembled by
the
'
111,607;
ZZZZZZ'V
Sce«'^ms0taxcsd.
Net
$1,298/737
'
and
Federal
for
Prov.
:
-•
"3,001
Provlfor
Subs.)—Earnings—
Corp. (&
Industrial Brownhoist
Prov.
^
Gas
Indiana Service Corp.—Purchase by American
See American Gas & Electric Co. above.—t. 161, p. 670.
converted
History and
162, p. 570.
•Deficit.—V.
prepaid
or
on
debenture, and on the basis of 90 and 45 shares
per $500
if
293,48*
"$9,340
$13,087
.
293 484
2HH412
42,962
$15,220
~
—
_•
$297,494
$302,749
$59 400
*'W>
39,012
charges
lixed
Total
*SM»
income
Total
Miscellaneous
on
convertible,
are
■
————
(net)—.—
assets—
fixed
Net
before Aug, 1, 1948 into common
the basis of 95 shares per $1,000 debenture, and 47>/2 shares
Debentures
;
$462,407
———
—
receivable
notes
Net
.
oS
and
investments
Total
101
and
1951
15,
securities
Marketable
Inventories-——--——
Cash value of life insurance———
at 101'/2 and interest on or prior to
and interest thereafter. , An annual sinking
fund of $30,000 or 20% of the consolidated.net income, whichever is
the larger, is provided for.
,t.
...
Redeemable
April
' '
$212,919
1,069,330
395,465
demand deposits—
and
hand
on
Accounts
thereafter.
interest
and
Cash
*
1 ^May 31, '45 Nov. 30, '44
Assets—
Co.,
or
on
I
Monday, September 3, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
reorganized
first mortgage
_
-
will have a capitalization of $19,000,000
bonds and 3,000,000 shares of new common stock
company
Volume 162
$3.50).
<par
THE COMMERCIAL
Number 4417
At the effective date of the plan, the excess of cost to
utility plant over the original cost will be written off.
Interstate of
portion of the new common
stock will be sold at competitive bidding and the proceeds used for
the payment at the principal amount, without premium, of the $26,035,500 first mortgage 5% bonds outstanding, to reimburse the treasury
tip to
$1,500,000 for new construction; payment of the $7,500,000
outstanding 6% debentures except the $100 debenture held by Ogden,
and
the payment
of the debt, as determined by the Commission,
owing the Ogden Corp. with respect to the $2,475,000 demand note
The
i
The' entire
Will
the
and
a
shares
outstanding
the
first
bonds
mortgage
could
sold
be
Kansas Oklahoma & Gulf
with
;
the
change
not
Ret
from
1944
$305,991
103,233
62,150
Xfet ry. oper. income.-..
Ket
from
from
Net
ry.
—V.
—V.. Ib2,
p.
The
Trust
85,415
2,286i016
$1.40
$1.44
$1.55
Other
x
1,106,326
redemption
Nov.
on
be
made
corporate trustee,
:
at
.
the
Central
70 Broadway,
;?A:;-V'v'.'
"
called
been
Operating
for
redemption
Hanover
Month
rights
held
now
by
for
taxes
income.
on
the
Canadian
for $615,000
to
less
ity
The
for
subscription
stock
common
€
of
shares
at
ratio
in
$51
of
stock
common
share
per
share
one
held
of
$132,405
$746,611
6,891
15,326
$139,296
income
income.
$761,937
193,360
:
.
income
$113,550
shares of 4>/2 %
12,312
of
such
shares
stock
ferred
the
on
for
basis
share
one
of
of
3
p.
for
stock
EWT,
m.,
being
are
of
preferred
4V2%
Aug.
1
offered
exchange
cumulative
stock,
of
each
on
1945.
preferred stock in
shares
two
7%
holders
to
Sept. 5,
on
preferred stock
S>y the company to the holders of its 7%
Lor
preferred
at
EWT.,
m.
cumulative
divs.,
pre¬
with a
representing the difference between the redemption
price, which includes an amount equal to accrued dividends to the
date of redemption, of the 7% preferred stock, and the initial offering
cash
price, plus an amount equal to accrued dividends on the 4 J/2% cumu¬
lative preferred stock.
The exchange offer will be made to the holders
«of 7%
preferred stock of record at 3 p. m., EWT., on Aug. 23, 1945,
will expire at 3 p. m., EWT., on Sept. 5,
holders of 73,872 shares of common
The
preemptive
order
an
rights to subscribe to 4J/2%
permit the offer of exchange
to
1945.
oper.
revenues
$1,746,474
Railway
oper.
expenses
892,297
have
waived
of
7%
subscribed
the
of
names
Federal
Other
exchanged
or
and
in
have
been
*
agreed to purchase
are
follows:
as
/
income
Total
Lynch,
Fenner
&
Lehman
Pierce
Beane-
Brothers
20.0493%
Wertheim
10.5817%
G.
10.5817%
Stein
Eastman, Dillon & Co._
10.5817%
Bioren
Kidder,
10.5817%
Mackubin,
Allyn & Co., Inc.
Blyth
&
Co.
Inc
Peabody
The
net
4y2%
the
be
added
available
be
will
7%
cumulative
instance,
to
Co.
proceeds
redemption of
lor
&
applied
to
the
stock.
76,823
general
corporate
7.0545%
Boyce—
&
4,7030%
2.3515%
Legg
extent necessary to the
the company, hot exchanged
balance will, in the first
purposes.—V.
2,986,600
.
2,420,400
564,729
539,708
$290,744
$2,203,495
68,507
67,130
462,881
of, the
162,
company
11,111
80,965
Lehigh Valley RR.—Earnings—
July—
from
1945
Net
railway
from railway
Net
ry.
1S44
Net
14,257
$289,646
income
oper.
ry.
162,
$8,078,823
2,813,544
$7,195,578
2,917,264
986,459
1,218,110
1,230,014
railway
48,446,402
58,706,646
52,047,430
railway
oper. income—
10,238,557
17,030,800
17,540,898
2,910,571
6,371,419
7,825,103
41,410,413
13,516,423
6,076,160
$212,503
from
Net
from
Net
ry.
—V. 162, p. 571.
(&
(Excluding
Link-Belt
Ordnance
Net
sales
•Other
to
customers,
income,
less
less
sundry
discts.
&
14,325
inc.)
2,988
2,988
5,975
5,975
taxes—
income
40,000
37,500
74,500
77,700
$586,470
$617,008
$1,190,625
$1,242,251
450,285
450,285
900,570
900,570
150,474
150,474
300,948
300,948
$1,332,222
30,200
61,122.
i
—V.
-—
dividends—
A
dividends——.
B
161, p. 2558-
Louisville & Nashville RR, —Earnings—
1944
/.
1943
1942
1945
$17,269,205 $17,832,583 $17,500,779 $14,943,628
6,776,754
7,470,829
6,101,557
2,006,955
2,232,300
1,678,706
income.*.
2,351,936
July—
Total
Cost
Net
ry.
railway—5,655,824
from
oper.
from
ry.
124,182,214 124,429,941 120,586.515
railway
45,111,733
48,149,467
53,854,888
15,050,303
railway.
from
Net
—V.
14,454,905
15,410,730
income
oper.
162,
90,223,627
34,813,977
11,704,390
571.
p.
58,119
Fed.
sales,
incl.
discounts
selling
admin,
&
expenses,
price
^Provision
for
declines
Federal
&
other
and
ada income and excess
Dominion
of
605,036
1,470
1.271,433
591,790
615,356
1,167,235
prof.
tax-
1,464,437
1,749,141
2,653,103
taxes-
58,780
62,672
117,969
$2,093,932
192,154
402,700
361,366
oper.
income
$2,041,790
other
income
149,395
,
Gross
Total
1,193,237
1,197,192
2,939,983
in banks and
total, $4,888,863.
tions, $1;
$2,191,185
$2,286,086
$4,378,123
*
of
Net
N
6,432,520
$1,434,528
$1,447,260
807,995
:
810,196
declared
shares
common
806,930
'
.
$1.78
z
:
857,735
1,696,324
1,642,804
$1,337,520
$1,428,351
$2,681,799
538,007
538,006
1,076,013
775,381
1,550,763
deductions._
income—.
Preferred
_
dividends—dividends
$2,929,146
1,076,012
1,550,762 r
.■
June 17, 1945
k
.
-
■
$1.90
profits tax credits of $345,000 for the first six months
1945 and $405,000 for 1944.
Consolidated
(Excluding
Balance
Sheet,
Link-Belt Ordnance
*
7.839,410
1—__1
*Total
Other
owned
and
4,169,746
12,908
securities.
on
and equipment
deferred
8,852,232
5,100,584
___
receivable
property, plant
assets
9,790,841
cost
at
interest
6,419
(net)
9,089,210
charges
as
1945
495,140
per
share..,—
Liabilities-
Common
stock
stock
for Fed.
$4,135,252
_
dividends
dividend
payable—
403,465
for
other
and
Reserve
6V2 %
for
Earned
fluctuation
surplus
$271,496
t$2.01
t$0.79
$$2.78
$$2.65
in
Canadian
——
and
stock
stock
and
taxes.
1945
1,386,586
149,188
.
10,690,745
13,101,439
—
treasury
12,264,541
stock—
111,363
.
—
deducting
depreciation
and $10,949,229 in
1944.—V.
and
$39,646,595
amortization
161, p. 2448.
for the
quarter
dividend
•
of
y.
112,928
$40,359,999
$11,558,490
in
ot
on
State
•
•
The
G.
•
Drefs,
.
President, on Aug. 11 stated: ,
. •>, t
by President Truman of the atomic bomb neces¬
this
$1,938,116
737,021
$2,739,389
».
692,236
34,011
866,889
$1,167,084
$1:01
$1,230,264
Miscellaneous income
income
income
tax
profits
tax—
—
refunds
"Net
.
,
99,447
—
income
on
$1,190,421
-
—
common
$1.02
share
post-war refund in
1943.
tResulting from excess cost of replacing
on
"Last in, first out" basis.
>
'After
deducting
$3,780
Balance Sheet,
'
Assets—
Cash
inbanks
and
U.
S.
Government
U.
Fortunately,
high volume
maintenance
trucks,
tractors and industrial engines.
Right
at record volume.
As of Aug. 11, company's two principal war contracts have not been
cancelled.
The one with the'Navy continues at maximum requirements.
The
one
with Army Ordnance has been substantially curtailed, but
company
is now the only remaining
producer of steel cores lor
small arms ammunition.—V.
161, p. 2449.
passenger
now,
26,875
$2,743,402
22,288
23,699
83,658
—
Consolidated
announcement
the war.
32,632
$1,848,682
62,559
$1,887,410
V 662,778
profit
Net profit on real estate operations
;
.
company has continuously throughout the war enjoyed a
of civilian
replacement parts business required for the
48,110
$1,763,287
44,606
29,517
Gross
Earned
-
1945 earnings wore $320,76ft before
the preferred stock which amounted to
sarily focuses attention on the quick ending of
of
63,600
(Dr)
(Dr)____;
secofid
the
Arthur
137,428
3,112,800
15,399^544
as
For
taxes
4,750
4*
;
obsolescence, Federal
$On 114,349 shares.
2,673
100,000
- 100,000
5,125,;i;i
5,505
40,761
charges
$15,874.
Earnings available for the common stock were $304,892,
equivalent to $0.89 per share on the 343,047 shares of common stock
1,248,935
_
Total
'After
exchange
__
held
7,915,048
shares.
-,r
(pen¬
provisions for pensions..
Miscellaneous
tEstimated
2,443
2,415
-
to employees
'Excess
1942
$303,738
on
depreciation,
343,047
provision
share
stock
outstanding.
.4.—
reacquired
Common
4,367,881
(net)
declines
price
stock——
stock
Preferred
inventory
excess
contingencies
preferred
Common
Stock
possible
937,500
'After
tOn
355,426
814,604
taxes on income
and Canadian income and
profits taxes and contract settlements
Reserve
$3,774,660
99,444
payable—
Prov. for taxes other than Fed.
Prov.
per
1944
4,903,219
234,779
140,005
•
Net
$706,221
profit
Earnings
....
.
etc.
Normal
1943
$317,516
1945
4,674,739
207,082
plan)
Additional
^
McQuay-Norris Mfg. Co. (& Subs.)—Earnings—
common
payable
$1.14
*
provision for Federal income and excess </
profits taxes, and after a reserve for post-war contingencies of $175,000
in 1945.—V. 161, p. 2112.
'Net
Preferred
$1.16
r
—
sion
19,413,517
4,850,087
156,464
exps.
18,710,788
paid on store managers' de¬
Prov. for distrib.
,
admin,
and
21,238,316
-
-
Oper., sell., gen.
Depreciation
Interest
'After all charges, including
9,126,293
2,782,199
$39,646,595 $40,359,999
1944
$662,342
$668,056
income—.*-
Earnings
6 Mos, End. June 30—
Accounts
Subs.)—Earns.—
6 Mos. Ended June 30—
7,345,378
Inventories
Accrued
kwh.,
4 1943
1944
1945
$28,196,085 $25,597,569 $27,435,727
-
sales—J
of
posits,
'Net
1944
$7,577,210
Receivables
for the week ended Aug. 25, 1S4*,
compared with 34,034,000 kwh. for the
23.4%.—V. 162, p. 879.
output of this company
26,066,000
McGraw-Hill Publishing Co., Inc. (&
1945
:
Electric
totaled
sales
Cost
corresponding week last year, a decrease of
30
$7,819,025
1
Securities
June
Co.)
Assets—
Cash
j
.
Subs.)—Earnings—
Melville Shoe Corp. (&
Net
Weekly Output—
710,852
After excess
Comparative
f
on
6 Months Ended June 30—
No.
1945,
,
.profits taxes and con-
Earnings per common share—
17,
June
payable to banks, regulation "V" loan, $600,000; i
payable, trade, $378,922; accrued liabilities, $2,050,622; provi-j
sion for contribution under empolyee profit sharing plan, $153,000; cus¬
tomer's
deposit, $25,000;
deferred royalties, $350,000; capital stock
(par $3), $750,000; earned surplus, $581,319; total, $4,888,863.—V. 161,
p. 2111.
.
-v•*
; - C
■
•.
-
$4,571,950
853,665
775,381
income
inc.
Common
Dividends
ended
.
Liabilities—Notes
Can¬
5,205,000
income
Net
weeks
24
.
$6,976,478;
sales,
,
$4,210,584
income
.
-
.hand, $433,994; cash held by banks
as collateral to Regulation
"V" Loan notes payable, $126,586; accounts
receivable, trade, $1,395,243;
inventories, $2,567,553; advance pay¬
ments on inventory purchase commitments, $49,430;
cash surrender
value of insurance bohcies on life of officer, $11,429; fixed assets,
at cost (after reserves for depreciation of $337,936), $169,439; prepaid
expenses and deferred charges, $135,188; patents and patent applica-i
124,606
$3,975,423
exc.
;u
the
for
income
of
statement
•
Balance Sheet,
1,492
626,001
200,000
settlements
tract
726
inc.)
taxes—
—
share
common
per
accounts
405,251
contingencies
$248,000
$1.03
;—
$250,040
$1.00
profit
Assets—Cash
28,993,675
433,518
7,184,844
998,293
1,835,000
8,313,545
1,187,439
1,833,000
income
•
28,993,954
Deprec. & amort, of property, plant & equip.
Appropriation to reserve for possible future in¬
ventory
916,500
—
(other than
Total
/
.
received
3,690,151
509,172
916,500
4,341,532
599,025
limited-term
of
Net
1945—12 Mos.—1944
$10,640,580 $10,242,686 $20,520,617 $19,685,231
revenues
Operation
State
(& Subs.)—Earns.
1945—6 Mos.—1944
Period End. June 30—
Operating
$36,067,000 $37,478,706
of
less
70,151
$178,000
$0.74
profits taxes (est.)
„,
railway
from
Gross
Federal
allow.— $35,996,849 $37,420,587
deductions
income
918,000
670,000
—
royalties and consulting fees earned, $1,351;
total, $6,977,829; cost of sales (incl. applicable general and adminis¬
trative
expenses),
$5,871,160; provision for contribution under em¬
ployee profit sharing-plan), $153,000; interest paid, $18,629; normal
income tax and surtax, $21,000; excess profits tax
(less debt retire¬
ment
credit
of
$74,000),
$664,000;
net
income,
$250,040; balance
earned surplus at Dec. 31, 1944, $930,907; total, $1,180,947; dividends
paid (20 cents per share in cash), $49,000; transfer to capital stockaccount to reflect increase in par value of outstanding stock, $550,628;
balance of earned surplus at June 17, 1945, $581,319.
W. L. Maxson, President, states in part:
Renegotiation proceedings for the year 1944 have not been con¬
cluded, and earnings,'previously reported for that year, as well as for
the 24 weeks ended June IT', 1945, are subject to possible adjustment
as
a .result
of such 'proceedings.
*
'
1
% •
'
•
During this period of the current year the company4 has hah con¬
tracts terminated in the whole or in part, for the convenience of the
Government or customers, having an aggregate sales value of approxi¬
mately $7,960,000 for which
termination claims of approximately
$350,000 have been filed with additional termination claims of an
estimatedi $450,000 remaining to be filed.
Notwithstanding these
terminations, unfilled orders on hand at
June 17,
1945 represented by war production contracts and sub-con¬
tracts, amounted to more than $20,000,000.
This is-the largest back¬
log to be reported in the history of the company.
The company continues to have available for financing its War
production contracts the Regulation V-Loan concluded in January
1945. which,
in effect, provides a line of credit for such purposes
of up to $4,000,000 against which the borrowings as of June 17, 1945
amounted to $600,000."
'
•
•
1
'
r..
$1,356,126
$671,821
income
Net
Class
Class
Taxes
1944
1945
June 17, '45 July 16, '44 July 18, '43
'
•
& exc.
inc.
Net
1945—12 Mos.—1944
1945—6 Mos.—1944
29 Weeks Ended-
24 Wks. End.
1
$6,099,920
follows:
35,538
than
investments
Co.)
6 Months Ended June 30—
1
658,000
480,000
Net
(Del.)—Earnings-
$664,996
admin,
( other
Taxes
Co.
exps.
revenues—,~i——
and
Gen.
Amort,
Subs.)—Earnings—
;
'
.
935,040
685,000
The
Louisville Gas & Electric
Maintenance
Co.
,
-i.vi-—
Earnings
Depreciation
Link-Belt
$24,949
$0.07
,
$7,664,000
$1,258,231
$1,659,649
^Louisville Gas & Electric Co. (Ky.)
From Jan. 1—
Gross
"
sales
Fed.
1,449,522
income--
oper.
11,000
,$36,528.
$0.11
share
taxes—,
571.
p.
Net
1942
1943
$8,345,055
2,198,529
24,930
22,500
'
4*-,—
—i,
Gross
$6,508,850
1,528,240
i—
—
^-u-:MS6,976i478
Profit after all charges, but before
From Jan. 1—
Gross
taxes
2111.
P.
Feriod—
74,812
Net
879.
p.
•
37,695
period
capital
per
161.
.
$1,748,817
415,774
the
The
$60,879
,
(W. L.) Maxson Corp.—Earnings—
$4,708,925
2.3515%
& Co._
capital
$5,754,824
$372,410
10.5817%
Co.__
&
Federal
for
Earnings
10.5817%
Co
& Co
working
general
&
Walker
Bros.
preferred stosk of
preferred
to
for
be
H.
for-
—
income for
Net
6,999,842
income
oper.
.
A. C.
leases
$58,046
2,834
$96,723
——.
holes,
dry
depletion,
etc.
$79,556
21.oil
$90,460
6,263
..
—
income
Provision
6,886,156
371,000
80,767
•
Merrill
1,005,981
401,000
accruals,
Railway
Federal
1
$117,614
27,154
—
and general taxes
from-operations
1944
1945
;
1945—7 Mos.—1944
$738,567
taxes.
income
tax
Total
underwritten.
(126,500 shares, no
$1,932,347.—V. 160,
subsidiary, $57,815; capital stock
earned surplus, $865,681; total,
expenses
$568,577
Equipm't rents (net dr.)
Joint fac. rents (net dr.)
stock
the
v
hand and
oh
$862,500;
Profit
Net
preferred
percentage of the number
cumulative preferred stock which each has severally
4V2%
of shares of
for
underwriters
$238,926
126,500
$1.89
income
$1,744,548 $12,640,980 $11,708,767
$854,177
operations
way
Period End. June 30—
not
Shares
$294,693
126,500
$2.33
reserves,
interest
—V.
stock.
The
$275,516
126,500
$2.18
$2.30
6 Months Ended June 30—
their
preferred
holders
$291,311
Net revenue from rail¬
—V.
stock
cumulative
to
Railway
3,162
126,500
Operating
Co.—Earnings—
1945—Month—1944
31—
together
adjustment
and
Period End. July
6,260
Maracaibo Oil Exploration Corp.—Earnings—
249.
Louisiana & Arkansas Ry.
preferred
cumulative
plus
record
Such rights expire at 3 p.
1945.
23,
is offering 42,526 shares of 4>/2%
company
Stock
4,197-
1187.
p.
f.eited,
Bryant, Inc.—Preferred Stock Offered—
4,795
share..---',
Depreciation,
Lane
292,261
Liabilities—Accounts payable,
trade, $21,754; accrued taxes (after
deducting U. S. Treasury tax notes of $692,000), $96,585; other accrued
$20,504; reserve for repairs and maintenance, $7,507; minor¬
687.336
25,745
p.
390,482
expenses,
Other
Net
-
884,000
Deductions
—V.. 162,
65,341
352,608
on deposit, $916,190; accounts receivable,
$200,119;
inventories, $114,951;
miscellaneous
$241,318;. deferred charges, $7,498; investments, $10,126; fixed
assets at cost (after reserve for depreciation of $447,053), $438,282;
patents, at cost, less amortization, $1,863; total, $1,932,347.
$2,317,947
114,610
with
company
respect to territories outside the Dominion of Canada,
the Nash-Kelvinator Corp.—V. 161, p. 568.
71,120
•v' Condensed Consolidated Balance Sheet, June 30, 1945
984,888
„
210,000
—
income
Gross
'
424,206
profit—
per
Assets—Cash
trade,
assets,
7,663,853
$457,015
—
taxes—
Operating
1
$599,691
71,632
paid
Earnings
6 Mos.
1,222,976
168,559
revenue
net
Dividends
Operating
The stockholders will vote on Sept. 12 on approving the sale of the
issued
and outstanding capital stock of
Kelvinator, Ltd., of
$762,555
$703,953
profit of subsidiaries.
$1,848,550 $10,966,688
—
operating
Non-operating
entire
$596,687
3,004
Minority interest in net
par),
Sale of Con¬
2,072
75,166
*—*_.
&
Oct.
on
-
,
on
taxes
161,
Bank
Y.—V.
N.
Lines—Earnings—
expenses,.
;■
$760,482
3,273
,
')-v
'
revenue
Operating
Other.
•
$795,478
income
1959, at 102 and
York,
New
Period Ended June 30, 1945—
367,233
487,413
38,802
for Fed. and State
Consol.
Provision
v;/;
$756,675
and gen. expenses.,
Prov.
1, 1945, for account
of the sinking fund, • $320,POO of'20-year 3%
debentures due Oct. 1,
1963, at 101% and interest.
Payment will be made at the Guaranty
Trust Co, trustee^ 140 Broadway, New York, N. Y.—V. 162, p. 11.
Net
1942
1943
$700,680
sales..
(net)...
on
income
Total
Sell,
$17,000
next,
1,
824,100
638,985
profit
1944
1945
6 Mos. End. June 30—
1,622,472
1,277,175
551,587
V.
all
Gross
,
(P.) Lorillard Co.—Partial Redemption—
67,143
2,384,053
.
of
for
Los Angeles Transit
1,472,436
income
and
$673,796
sinking fund bonds due Nov. 1,
will
Payment
Co..
There have
147,973
trol of
England,
called
mortgage 5%
989.
p.
has
Depreciation
162, p. 570.
snare—___.
1944
$626,750
460.
company
of first
$273,091
179,446
-
2,731,561
railway
railway——
oper.
common
Mapes Consolidated Mfg. Co. (& Subs.)—Earnings—
1943
1945
$609,660
Litchfield & Madison Ry.—Partial Redemption—
1942
1943
$363,773
146,822
Kelvinator of Canada, Ltd.—To Vote
English Subsidiary—
\
i
per
From Jan. 1—
Gross
(& Subs.)—Earnings—
—
Ry.—Earnings—
$434,208
248,906
railway
railway
taxes.—
Earnings
by
/
new
3 V^.'/c <at
of
rate
coupon
a
held
all
•
1945
from
Gross
x
stock,
:
price of 102 so as to net the company $19,380,000.—V. 160, p. 1737.
July—
v
Commission.
do
after
Net
interest.
stock
common
new
stock in accordance
common
Ogden, will be surrendered for cancellation.
(
It is estimated 4hat if market conditions
a
of
the preferred
be determined by
of
Lion Oil Refining Co.
6 Months Ended June 30—
>
it.
3,000,000
holders of
may
shares
The. 175,000
by
of
the
to
their rights as
bonds
new
balance
distributed
be
■With
(
of
debenture held
$100
and
y
$19,000,000
987
& FINANCIAL CHRONICLE
S.
Treasury
Account
on
securities, at
tax
receivable
cars,
cost
789.927,
in
charges
preferred stock retirement fund
;
1—
——————
1,984,205 ';:2,310.46g
498,095 j 561,698|
849,689
,
Total
2 020 000!
1.100,000
2,020,000|
1,692,973 v.1,303,27 «
6,835,252
6,273,352|
notes.^
(net)—
iTveSent0/
Cash
1944
$6,196,009-
J'JoOOOO
—
Fix'edAssets ' (^I"ZT
expenses and deferred
Prepaid
|
t
$6,42A179
1945
-
Inventories
business is
f-
June 30
'
hand
$1.08,
and $96,321 in,
inventories main.ainea^
1944
—
$21,752,812 $22,002,65
vr*Uttw»*ii
Employees'
59,106
$2,020,310
1,065,189
70,832
139,937
100,000
$2,141,646
-1,126,418
payable, trade
Accrued taxes, rents, royalties and sundry exps.
bond deductions™.
:
—
and/or pay-
war
Prov. lor distribution to employees
-
into
ments
Prov.
pension
income and
Fed.
for
—i——'.
leases
.on
Reserves
cumulative convertible
4%
cumulative
stock
Common
Earned
ry.
3,861,096
1,155^496
5,598,548
$21,752,812 $22,002,659
——J,
Total
from replacement under Section
code, of inventories maintained
"Resulting
revenue
basis.—V.
162,
22(d) (6) of the in¬
on "last-in first-out"
hearing Sept.
a
Bonds—
Mexican Utilities Co.—Calls 7%
All
outstanding
the
of
principal
such
of
7% collateral trust bonds have
1, next, at 87%% of the principal
amount having heretofore been
together with interest accrued thereon.
Payment will be made
the Irving Trust Co.,' trustee, 1 Wall St., New York, N. Y.—V. 150',
1605.
paid),
at
p.
and
will
paid.
possibility
be
is
There
.
taken
been
have
Appeals
a
held
bonds
by
against
ized
to
1945
Operating
General
286,912
28,731
expenses—-
taxes
Federal
$443,382
279,562
28,260
117,649
$1,769,480
1,131,902
114,872
33,709
156,914
143,241
$463,076
—
50,200
taxes—
income
$1,866,398
1,207,850
ry.
Net
ry.
Other
income
140
800
4,665
3,083
$97,374
$102,651
$388,649
$382,548
38,499
47,690
169,085
185,866
(net)
162,
19,057,467
income..
oper.
income
Interest & other deduct.
.
adjoining
Md.;
and
Line
State
and
Co.
Gas
distribution,
Fayette
Monterey
Utilities
(Pa.)
is
estate
Co.,
the
certain
This. subsidiary also
Pa.
iW. Va.)
the
outstanding securities of
Virginia corporation, which is
and
West
a
in
engaged
and sale of natural gas in
Counties,
Greene
real
Transport
Corp.
Electric energy distributed
the company.
from
subsidiary sold in Dec.,
transportation properties.
and
and
1944, all of their electric
After adjusting the rev¬
a
bus
such
reflect
to
sale
the
and
recent
acquisition
of certain
minor
electric
"Mohawk Carpet Mills, Inc.—Earnings—
- July
June 30, '45
30,
miscellaneous—0.4%.
and
territory
Business—The
Electric
subsidiaries
13,310,876
16,287,187
14,332,710
16,288,027
sales, exps., etc.
properties, the consolidated operating revenues of the com¬
and its subsidiaries for the twelve months period ended April
1945,
were
derived
approximately as follows:
electric—92.6%;
gas—7.0%;
July 3, '43 June 27, '42
1,- *44
$17,890,322 $16,492,242 $18,461,018 $16,908,162
sales
Cost of
County,
Garrett
subsidiary,
in
Company
pany
Net
of
part
railway
26,078,674
571.
p.
incorporation
follows: The Marietta Electric Co. in substantially all
County and in minor parts of Meigs, Monroe, Morgan,
Ohio; The West Maryland Power Co. in the
miscellaneous
enues
6 Mos, Ended—
Gross
35,912,090
127,192,354
58,412,913
18,936,559
24,976,270
of
inactive.
90,087,832
56,899,104
States
supplies gas to the company at wholesale.
The remaining active subsidiary, Monongahela Securities Co.
owns
$379,4G5
$383,983
$101,852
$97,233
operating income
134,702,695
54,998,370
respective
their
subsidiaries is purchased
Another
133,940,626
railway
from
title
corporate
present
Counties,
Monongahela
railway—
from
Net
its
major part of Highland County, Va.
these
localities
From Jan. 1—
Gross
—V.
Net
2,658,260
income..
in
production, purchase,
$20,691,110 $20,089,557 $16,734,494
8,055,158
9,147,661
9,199,851
5,956,858
3,462,696
2,954,009
8,246,094
railv/ay
oper.
the
in
1942
1943
1944
$20,269,833
railway-
from
from
Net
Noble
southern
by
and Year to Date
for July
changed to
was
Its
as
Washington
and
these bonds held by RFC.
July—
Operating revenues
of
Texas & Mexico bonds held
appeal primarily objects to payments of interest
as the
Earnings
Net
1945—12 Mos.—1944
1945—3 Mos,—1944
West Virginia
interest on the New Orleans,
pay
by the public,
company
localities
certain
according to Russel L. Dearmont, counsel for trustee of, Missouri
who stated that conferences are now being held with minority
bondholders' groups which may result In release of the funds author¬
of $1,900,000 of
the
1945.
28,
the company shall be
.
Texas &
however,
that interest on the New Orleans,
the public may soon be distributed,
^,
charter provides that the term of existerice
perpetuaL
The principal business of the company and its subsidiaries is that
of the production, distribution and sale of electric energy in substan¬
tially all of the northern half of West Virginia (with the exception
of Ohio County, and the major portions of Marshall County and the
Eastern
Panhandle),
and
in small parts of adjoining territory in
eastern Ohio,
western Maryland, and western Virginia....
/
The company
has five active subsidiaries, all of the outstanding
securities of
which are owned by the company, except $16,000 of
funded debt of one subsidiary, and one inactive subsidiary.
Three of such subsidiaries engage in the sale of electric energy in
certain principal and interest on
V.,,':■. '''/'''/'/// /
//:,v;.
payment of $24,183,000 principal
amount of St. Louis, Iron Mountain River and Gulf Division
bonds
and against payment of two six months' interest installments on New
Orleans, .Texas & Mexico bonds.
The other four orders calling for
payment of interest on Missouri Pacific first and refunding, Interna¬
tional Great Northern first mortgage, Cairo & Thebes first mortgage
and Central Branch Union Pacific first mortgage were not opposed
road's bonds.
the
of
name
June
on
of
to pay out
the trustee
authorizing
Gross
Michigan Gas & Electric Co.—Earnings—
Period End. June 30—
The
entered
Pacific,
seven-year
called for redemption on Oct.
<12%%
are
by Andrew W. Comstock, representing minority
has been filed in Federal Court at St. Louis from
by U. S, District Judge Moore July 26, last,
group
six orders
of
two
Mexico
amcunt
be paid
to
coupons
appeal
of
bondholders'
7 on company's application to
issue and sell at public sale pursuant to the competitive bidding provi¬
sions of Rule U-50, $3,500,000 first mortgage serial bonds to
mature
annually at the rate of $175,000 on Oct. 1 in each year from 1946
to 1965 inclusive.
The proceeds of the sale of such bonds are to be
applied together with treasury cash to redeem all of Memphis' out¬
standing funded debt aggregating $3,685,400 of bonds consisting of
$2,902,500 first mortgage series A 5% bonds due Oct. 1, 1945, and
$782,900 first mortgage series B 5% income bonds due Oct. 1, 1945
The company filed Aug. 29 with the SEC a registration statement
covering $3,500,000 of first mortgage serial bonds dated Oct. 1, 1945,
and maturing on Oct. 1, 1946 to 1965.—V. 162, p. 879.
been
interest on the adjustment mortgage
The
Missouri Pacific RR.—Interest Controversy—
hold
will
SEC
4,338,457
the payment
authorised
have
directors
1967.
""Notice
Bond Issue—
Memphis Street Railway—Hearing on
The
769,829
on Oct. 1, 1945, of two
series A 5% bonds
Nos; 29 and 30, dated April 1,
1937, and Oct. 1, 1937, respectively;
A similar payment was made
on the bonds on
April 1, 1945. Accumulated adjustment bond interest
to June, 30,
1J45, was $6,109,905.—V. 162, p. 571.
The
783.
p.
income—
oper.
instalments of
of
ternal
1,423,734
Interest Authorized—
6,509~900
——
43,408,323
11,393,726
4,123,063
28,335,801
8,206,837
47,421,562
14,959,311
4,096,960
17,442,352
4,263,743
railway
from
Net
5,455,151
.
$1)——
(par
surplus
Net
52,781,322
railway-
from
114,743
562,950
9,216,100
preferred stock——
convertible preferred stock—
5'/e
>
Income—
$4,952,099
From Jan. 1—
118,316
—
railway—U-
oper.
498,370
——
;
—-
ry.
the company will be applied to
with Chase National Bank, New York, .>as"
trustee, for redemption on Oct. 2, of $22,000,000 first
mtge. bonds, 4%% series due I960, at 105 plus int
$23,597,750
The deposit with Chemical Bank & Trust Co., as trustee,
>
for redemption on or about Sept. 28, of $7,500,000 6%
debentures, due 1965, at 110 plus int
8,471,250
The deposit
with Mercantile Trust Co. of Baltimore, as /», '
1
transfer agent and redemption agent, for redemption on
♦
Oct. 1, 1945, of 267,952 shares of 7%
cumulative pre-; .; v
i
ferred stock (par $25), at $28.75 per share plus divs.—7,820,849
History and Business—Company was incorporated in West VirginiaMay 17, 1912, as Monongahela Valley Traction Co. and resulted from
the consolidation of Fairmont &i Clarksburg Traction Co., Fairmont
&
Northern Traction
Co., and/.Clarksburg & Weston Electric Ry.
The name of the company was changed to Monegahela Power & Ry.
Co. on May 11, 1921, and to Monogahela West Penn Public Service
Co. on Feb. 28,
1923.
By an agreement of merger, dated Sept. 10,
1935,
which became effective Oct. 23, 1935, Kanawha Traction &
Electric Co., Spencer Water & Ice Co., and Monongahela Water &
Electric Co., subsidiaries,
were merged with and into the company.
deposit
The
$6,676,362
2,007,056
797,717
$7,521,199
2,329,513 ;■ 2,586,050
511,548
423,156
$7,582,494
railway..—_
lrom
Net
Gross
and deposits
managers' security deposits,
Store
Net
1942
1943
1944
1945
4
,
from
Gross
2,098,491
1,842,872
profits taxes
excess
July—
funds -.of
965,848 from the general
the following purposes:
.
Missouri-Kansas-Texas RR»~»-Earjnings—-
///f
Liabilities—
.
Accounts
Monday/ September 3, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
988
furnish
in
service
electric
which
has
an
the
and
company
of
area
its
12,840
approx.
miles and a population of approx. 749,300.
The general char¬
acter
of
the territory is industrial because of substantial deposits
of bituminous
coal, glass sand, natural gas, and other natural re¬
sources.
All principal communities
in the territory receive electric
service from the company or its subsidiaries,
square
Net
r-V,
income
.161/
'/■...
M Middle West
Other
■
■
hearing
a
(systems."
Power
and. its subsidiaries, Old Do¬
and Virginia & Kentucky
Co.
Corp., Dixie Power & Light Co.
Ice
Utllities.-r-V.
162,
879.p
p.
/
,
PA/Z/Zr/i4.'/,/." jv '. '. jjR
Midland Valley RR.—Earnings—'
Gross
..
.
'
Net
1943
1942
$144,130
$167,392
$121,786
from
rjk oper.
Net
76,700
41,463
41,883
75,305
22,310
43,785
railway———
from
Met ry.
—V.
income
$866,114
531,000
536,450
$106,705
$135,805
$254,827
$329,664
531,000
531,000
531,000
531,000
$1.20
$1.25
$1.48
$1.63
railway
1,030,279
42,962
'
20,903
571./ /•;
p.
983,936
1,068,759
828,466
358,414
income—
oper.
Dividends
Surplus
319,138
471,773
319,237
174,628 ?'
137,296
247,106
154,286
r-
—
2,800,000
,
>
out¬
standing ($25 par)—
Earnings per share
"The
"Including excess profits tax of $675,000 (net post-war refund of
in 1945, $1,218,375
(net post-war refund of $135,375) in
$1,265,000
(net
post-war
refund of $126,500) in
ly43 and
revenues
Operating
expenses
General
normal
•Federal
State
Loss
surtax
profits
'
of
Provision for
539,000
689,400
—United
579;
Sheet
Balance
States Treasury
receivable
accounts
at June
as
Net
127,000
183,000
819,600
1,253,339
properties-———
operating
—'
1,1(14,555
1945
30,
$1,271,221; marketable securities
Operating
revenues
Operating
expenses
Maint.
&
repairs-
Deprec.
and deplet
other than Fed.
less reserve, $181,902; invest¬
Gross
$1,181,486
$1,067,815
26,325
Dr6,097
income—
$909,477
™—
$1,207,811
$1,061,718
from
income
gross
320,630
Net .income
•
340,426
$588,846
363,227
$867,385
$69£,490
'After
deducting debt retirement and post-war credits of $165,500
fn 1945, $76,600 for 1944 and $127,200 for 1943.—V. 162, p. 137.
1,503,000
1,662,700
$1,205,546
11,151
$4,870,959
11,302
$3,263,982
11,080
$2,946,049
; 14,214
income
$1,216,697
550,826
$4,882,261
2,902,962
$3,275,062, $2,960,263
1,605,479
1,600,039
$665,871
$1,979,299
$1,669,583
Gross
incomC—
on
/;./'f,;
Net
income—-
C.
W.
Co
&
Watts
&
Bioren
Co
Frank B.
1945—3 Mos.—1944
Profit, from operations.
Interest
.
Gross
eluding
tax
Fed.
$3,600,763
$7,323,855
$6,620,233
2,960
8,039
3,278
4,434
income..
4,828
12,416
$3,715,585
______
1945—6 Mos.—1944
$3,616,140
'
30,312 ;T ;
34,566
$7,362,207
$6,658,078
&
profits
excess
j\ '& State taxes-
469,600
474,200
973,000
943,200
profits taxes
charges.
2,388,000
2,384,780
4,797,000
4,296,000
89,091
113,363
excess
Mircellaneous
/ 177,516
excess
profits
Cr238,800
taxes—
Cr238,478
218,974
Cr479,70O
Post-yrar refund of Fed.
included
Earns,
—V.
per
162.
share.
com.
p.
(1,007,694
...
676.
/
$882,275
Cr429,600
$0.74
v:
$1,894,390
4
$0.64
$1,629,504
$1.38
$1.20
Period End. June 30—
expenses
Depreciation
Prov.
for
taxes—
1945—12 Mos.—1944
$5,700,602
*3,089,842
3,172,978
37,750
203,499
$6,034,575
201,486
660,652
451,500
1,383,232
1,187,038
$82,750
39,250
$900,849
$889,086
24,514
221,178
280,494
161,491
•
V
Interest
income
&
$77,435
...
deductions—;
:
:
•
23,033
•
Net-income
Divd.
on
pfd.
$54,402
stock—.
$58,236
•$679,671
$608,592
20,693
-
-
10,050
184,455
248,316
Balance
$44,353
'
1
$37,543
$495,216
,
$360,276
162, p. 12.
C-.
1
i'.
i-
/;
i
Co.,
to
>'i.
535
110,000
880,000
535
3,424
642
1
1,128,000
1,128,000
1,128,000
275,000
——
& Co
registrar.
the
cumulative preferred
three
stock,
preferred
new
banks
and
to
West
shares
additional
of
the
which
is
to
Water
Works
of
2%
Electric
stock
stock
common
its
by
Penn
common
of the
new
bonds and
Co.,
being
Perrin.
in
$676,476
cash
Salomon
and
Reinholdt
23,376
be
&
Electric
to
Co.,
which
Inc.,
surrender
the
to
also
is
for
company
parent
a
the issuance of the securities
securities.
'
_
The
net
William
stock
are
estimated
deducting
Such
at
estimated
the
issue
the
sale
from
i
•
the
sale
and
Union Securities Corp
H. C. Wainwright &
G. H. Walker & Co
of
$9,047,755,
or
new
the
a
bonds
sale
total
k
of
are
the
estimated
Weeden
at
$31,247,525,
'
the
additional
common
i'-i'Ji
t-
stock,
and
-t;-.
I.'.;.'
f-fjl'l-Tj
>>•.:)
:
t!
165,^000
1,128,000
1,128,000
Co.———.—110,000
———-—'•———
440.000
110,000
Inc.—
Co
&
Wurts,
/,
•
.
-
j.
,
.
*
f
j
4"
—
:
Stubbs,
'
:—
—
-
'■
'
——_———
c
t
-J'.il.".;
,
i~H '3
t.
-X
Ji
3.-?..*' ^
535
856
535
r
,
Inc.--,
—
b va1*
:•
,535
1,712
220,000
C®.
&
Dulles
t
/; 4,334
—
—
&
Witter
4,334
—
——
Co
Harold E. Wood & Co
Dean
$3,;
—
Blodget,
Inc.—
Co.,
&
Whiting, Weeks &
The
Wisconsin
Co
after
approximately
./('fr.
" »'1
Gibson
&
Westheimer
preferred
new
and
excluding
accrued interest, and
together with $4,000,000 to be received
serial
notes, the cash proceeds of $676,476
d'«.S
r.
of
proceeds,
i
t
•
Webster
535
4,334
535
"
Co,—-——/——————
&
Webster
&
Stone
expenses
net
of
the
of
from
Co
Staats
R.
Starkweather
through the sale of U. S. Government
the net proceeds
W.
Chas.
././;.}/
•
proceeds from
& Co——
—■-?
330,000
Winslow, Inc.—:———-—-—
110,000
Gardner—HO,000
Bros. & Hutzler——
———1,128,000
Scranton & Co
—
110,000
the
cancellation
535
4,334
J'oot
1,284
535
&
the
of
3,424
-
.
—-
West &
company, 82,500
consideration for
outstanding 7% cumulative preferred stock,
cancelled
upon
surrender, \ Concurrently, American
—~
Newton
M.
E.
the
parent
a
$6.50),
(par
535
0'^
Murch Co,—-
H.
Maynard
to borrow $4,000,000 from
10-year serial notes and to
proposes
company's 7%
cumulative ,preferred stock owned
The general cash funds of the company will be increased prior
by it.
1
the issuance
with
1,070
110,000
385'°22
880,000
110,000
1.128,000
—
Metropolitan St. Louis Co.—F. S. Moseley & Co
p. 880,
presently
company, proposes
574
shares of the
II
stock, $100 par value.—V. 162,
4,334
4,334
3,424
3,424
642
—
Co
&
Lyons
4»334
>
880,000
880,000
165,000
—•-
—
Co.——-—
&
Co.—
&
L.
—
—
Legg & Co.———
———
Merrill Lynch, Pierce, Fenner & Beans
—
has been oppointed transfer agent for
company
evidenced
be
to
sell
W.
——
Weeks—
&
Hutton
E.
Laird
,
The Manufacturers Trust Co;
the 4.40%
Hornblower
Inc.—
& Co
Shepard
Hawley,
W.
& Co.,
535
165,000
Cleveland Corp.—
Forgan & Co.———
Glore,
110,000
Co.—
&
First
The
275,000
110,000
Inc—
Co.,
535
856
535
535
1,070
,
——
& 'Co™——.—
&
4,334
535
—_
—-
—
House
Dickson
Drexel
1946
1975.
in
'
■%
in
S.
R.
220,000
110,000
110,000
Mackubin,
from
'
103 Ve
Curtiss,
535
<
110,000
—
Co., - Inc.—:—:
&
Co
&
Co.l_
&
Courts
Trust
dividends.
—V.
lOO'/s
with
starting
Clark
W.
E.
Ripley
$22,200,070, ,and
'
prices
at
Whiteside
Chace,
prior
Hairiman
to
Gross
time
stock is to be entitled to dividends at the rate
of 4.40%
per annum and is to. be redeemable at any time, at the
election of the co/thp.any, at following redemption prices: at 108% to
and including Aug- 1, "1950, and thereafter at 106%, together in each
case
with an amount equal to accrued dividends thereon to the re¬
demption date. Manufacturers .Trust/Cq.i transfer agent; New! York
shares
$483,477
184,810-
*
any
preferred
new
such
1945—Month—1944
$504,996
revenue
1975. Trustee: City
Redeemable at
Sachs
thereafter
reduced
issue
.
Mississippi Power Co.—Earnings—
Gross
1,
due Aug.
1—
Cahn
Goldman,
and
additional
Operating
1945;
York.
estate,
trust
the
in
Purpose—Simultaneously
Net income
1,
New
Aug.
Co.,
——-
Co.
&
——-
1,128,000
110,000
-I-
*
Chanute, Loughridge & Co
& Co.——:
Bosworth,
maturity, at election of company (other than for the improvement
and
sinking fund or the maintenance fund or upon application of
moneys included in the trust estate), at prices ranging from
106%
in 1946 to 100% in 1975.
Also redeemable for the improvement and
sinking fund or the maintenance fund or upon application of moneys
The"
capital
Canadian (in-
stock,
;
v
income
income
Fed.
$3,706,322
earned
Miscellaneous
dated
Boettcher
——
110,000
119,000
—
accrued dividend.
The bonds were priced at 102%% and accrued
interest and the stock was priced at $103.50 a share and
Trust
—
Ballou, Adams & Co,, Inc.,
The Bankers Bond Co., Inc
Blyth & Co., Inc
Boenning & Co.—
are
3,432
1,070
1,498
535
C.
Baker,
bonds, 3% series due 1975, and 90,000 shares of
4.40% cumulative preferred stock (par $100) of the com«
bonds
4.334
985,000
220,000
385,000
Allyn & Co., Inc—
Ames, Emerich & Co., Inc
gage
4,334
1,128,000
Corp
Boston
No. of Shs.
$1,128,000
Co
&
Langley
First
The
ing group headed by W. C. Langley & Co. and the First
Boston Corp. on Aug. 24 offered $22,000,000 first mort¬
Farmers
of
names
Bonds
™.
A.
The
$1,360,224
the several underwriters of the new
bonds and of the new preferred stock, and the principal amount and
number of shares underwritten by each, are as follows:
*
.
Underwriters—The
to
(Including Domestic and Canadian Subsidiaries)
Period End. June 30—
~
deducts,-
income
Total
Monongahela Power Co. above.—V. 161, j?. 2558.
Bank
Minneapolis-Hoheywell Regulator Co.—Earnings—
1942:
•
1,495,000
1,939,300
464,000
—
taxes
pany.
Deductions
1943
$5,365,753 $16,641,112 $15,920,003 $14,222,751
.2,314,0127,055,178
6,767,208
6,020,452.
287,895
i,170,735 * 1,129,513
887,884
419,000
1,313,240
1,325,000 ' 1,202,666
Non-oper.
1,823~871
$862,564
.
:
Years Ended Dec. 31
'
'
1,520,000
' 711,000
income
Fed.
payable—bank, $1,000,000; accounts payable—trade,
$117,553; federal taxes on income
„...
a
1, 1945.
675,300
Taxes,
Monongahela West Penn Public Service Co.—Redemp¬
r.
indenture and
an
Operating income—_
income——
$92,238;
tions—
9,000,000
1,000,000 shs.
Statement
1944,
Apr. 30,'45
$375,951; other accruals, $252,818; reserves against future decline in
inventory prices, $1,520,000;-other reserves, $700,000; capital stock (par
$20), $11,000,000; capital surpius, $424,li3; earned surplus, $6,661,859;
stock in treasury—at cost (19,000 shares), $236,531; total, $25,187,346.
—V. 161, p. 1884.
See
1,750,810
(he restrictions of
by
Comparative Income
prepaid expenses (including inventory of repair parts,
etc., $180,853), $428,376; postwar refund of excess profits tax, $664,972;
property, plant and equipment (after reserve for depreciation of $10,236,334), $4,029,868; total, $25,187,346.
604,000
r-
46,913
revenues
revenues
limited
be
to
supplemental indenture, both to be dated as of Aug,
Monongahela Power Co.—Securities Offered—A bank¬
Non-operating
is
4,000,000
The amount of bonds to be
in series.
to be issuable
Outstanding
$22,000,000
$4,000,000
15,000,000
9,000,000
1,000,000 shs.
$6.50)_
(par
are
Notes—at current redemption value, $1,767,(less reserves), $1,595,037; inventories, $15,-
notes receivable—non-recurrent,
156,054;
1,115,800
174,000
depreciation
bonds
authorized
894,876
478,000
„
sale
9,172,438
991,153
1,489,500
taxes—
taxes
on
10,414,069
„
and
excess
1943
:
$17,571,264 $16,946,307 $14,861,799
—10,940,542
/
982,502
taxes—;
Federal
1944
1945
'
Financing
*
4 Mos. End.
Liabilities—Notes
'12 Months Ended June 30—
Operating
stock
Common
$75,000)
"
mtge. bonds, 3%
(including excess profits tax, $750,000), $2,057,991; other accrued taxes,
Transport Co. (& Subs.)-
Earnings—
.
Proposed
series due 1975-_
2% 10-year serial notes ($200,000 due
semi-annually to Aug. 28, 1955)____
Cumulative preferred stock (par $100)
4.40%
cumul. pfd. stock (par $100)
$1,313,591; accounts payable—other,
Milwaukee Electric Ry. &
After
Capitalization
1st
stock
cap.
ments,
railway
162,
$785,827
531,000
$666,805
531,000
Assets—Cash in banks and on hand,
From Jan. 1—
Gross, from
1,558,375
$637,705
(est.).
profit
Condensed
1944
$181,546
railway
Net
*
$3,666,114
1,000,000
$2,273,327
1,487,500
$2,400,000 in 1942..
-
1945
from
68,829
$2,225,180
1944,
'ri""'
July-
Net
Shares
subsidiary
companies involved are:
Central Illinois Public
Co., Public Service Co. of Indiana, Inc., South Fulton Light &
minion
99,496
Authorized
' *"
'
-
Co.,'Old Dominion
Power
$2,173,831
65,648
$1,637,705
income
"Fed. income tax
whether the corporation
on
may' retain its interest in seven subsidiaries.
The Commission said
particular interest would be given to steps necessary to confine Middle
West and Kentucky Utilities Co., a subsidiary, to "single integrated
/The
$2,159,532
35,410
(net)
income
Total
Corp.—Hearings Set—
C. The SEC has set Oct. 9 for
Service
$3,597,286
$1,602,295
$196,682
$219,564
$54,963
$58,675
——
2788.
p.
•
1,712
:
220.000
330.000
110.000
856
,,1,284
.535
110,000 ~
-
-
*
"535
» 1 ; v
V
r
/*.
'
'
.
■; J ;
I
/•'V''!,"" '»l!''iji'
Volume
Calls
All
162
Old
of
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4417
Securities—
•
-
,
Nashville Chattanooga & St. Louis Ry.—Earnings-
.
the
following outstanding securities of the Monongahela West
Penn
Public Service
Co.
(now
Monongahela Power Co.)
have been
called for redemption:
(It
As of Oct. 1, 1945, the 7% cumulative preferred stock at $28.75
share, plus accrued dividends, at the Mercantile Trust Co. of
Baltimore, Baltimore, Calvert and Redwood Sts., Baltimore, Md.;
■
(2t
As of Oct. 2, 1945, the first mortgage 4Vz'k
bonds due 1960,
at 105 and interest at the Chase National Bank of the
City of New
York, trustee, 11 Broad St., New York, N. Y.; and
(3)
As of Sept.
at
York,
N. Y.
the
1945, the 6%
28,
Chemical
Bank &
Net
from
Net
ry.
sales
trustee,
,,r";
Co.,
of
crease
Co.—-American
the" American
of
period
ended
June
approximately
companies
30,
1945,
23%
165 Broadway,
—V.
New
the
over
M. Queeny, Chairman of the
stockholders in his quarterly report.
income
for
is
equivalent to
period last year
Nolo
-
In
first
$2.05
six
162,
p.
$1.55
were
a
the
report,
Mr.
Queeny
tion of the
"The
guilt,"
Mr.
this
of
mean
trial
a
services
on
Net
each
"(2>
the
court
The
plea
question
if
not
'
In
did
were
of
the
not
that
to
months
The
violation
a
these
facts,
£rom Jan.
Gross
on
Net
ry.
—V.
1944
'Net
$66,465
re-
.■
filed
'After depreciation,
13,839
$51,906
$55,445
Liabilities—Payable
All
r.
$204,374;
the
acts,
Sheet
at
June
June
date.
in
securities
capital
surplus,
1945
30,
the
The
there
of
amount
net
sold
be
been
offered
justified."—V.
purchased,
$11,654;
$1,664,046;
was
net
a
earned
payable
for
stock,
capital
unrealized
$711,304 based
surplus,
appreciation
market
on
$479,-
Broadway,
1943
1942
New
68,217
67,137
76,583
1,631,345
1,525,205
549 006
607,154
The
650,763
604,065
York
460,890
429,329
Operating
Other
America—Registers with SEC—
with
the
stock
common
the
SEC
City Lines, Inc.
American
7%
,
to
the
(par
General
preferred
for
Corp.
stockholders
of
of
the
$9,257,202
7,644,505
7,259,523
$7,630,138
5,420,329
$2,200,985
442,684
$1,997,679
393,991
$2,209,808
322,671
$2,643,670
$2,391,670
137,140
1,853,100
20,784
$2,532,479
19,089
1,657,200
1,783,000
26,246
39,905
income
income
Provision
for
Federal
Amortization
Morris
Industrial
of
income
taxes
25,646
39,602
intangibles
Minority interest
Miscellaneous deductions
Net
Murray Corp. of America—New Preferred
income
>!v%' /
'
3 Months Ended June 30—
Common
shares
per
—V.
to
Common
Stock
5,611'
1,804
1,937
548,848
442,130
$703,305
201.164
$1.03
$1.23
Aug,
28
increase
in
1,000.000
the
the
announced
be
price
market
is
calling
Ripley &
of
share
,
1945—3 Mos.—1944
at
that
of
group
,
order
of
970,723
674,837
products sold-
stock
common
to
is
Total
Int.
from
stockholders,
this
would
the
of
offering
preferred
to
stockholders
bankers
Watling,
headed
Lerchen
received
the
by
stock
by
Net
which
will
first
preferred
dividend
share,
the
of
$1.25
at
$105
a
Operating
Other
share will
a
on
paid
on
be
unpaid.
first
non-cumulative extra
These dividends will
stock
preferred
the
on
preferred.
from
an
is
IV2
be
from
to
for
of
common
if any,
redemption
additional
issue
of
of
for
common
sells
the
will
first
common
be
for
Reserve
letter
a
dent.
to
stockholders outlining
ing the stockholders will be asked
Earns,
-
an
to
These
subscribe
to
basis
of one share of
mon
stock
shares
new
new
will
warrants
of
share
$60
—V.
of
from
from
ry.
from
common
31.000
shares
of
held,
at
such
new
price
a
of
for
be
Cost
Presi¬
:
•
rights entitling
stock, probably on
the
two
shares
common
stock
will
be
least
and
have
been
made
u#th
J.
Arthur
Warner
&
Co.
to
the sale of 31,000 shares of such new common stock, by
agreeing to purchase, at. the same price as offered to the common
stockholders, the difference between 31,000 shares and the number oj
shares purchased through the exercise of the rights above referred to.
Under
the
sured of
terms
chased
this underwriting agreement the company is as¬
net amount of at least $1,500,000 from the sale of
the
sum
remaining amount
necessary
necessary
additional bank loans.
few
or
a
towards
The
funds and
"The
of
receiving.,
stock,
stock.
$145,599
remaining
called
for
shares
of class
to
the
...
«„
preferred
preferred
-v
will
redemption In due course."—V.
first
will be provided from current
....
C
redeem
.
either
162,
p.
$102,566
$0.32
deductions
.
share—
;
$0.23
——
sold,
and
be
250.
pur¬
3,440,065
756,395
f
(except
Federal
'
3,565,545
1,270,027
945,662
ssduAwfr.?; 7
—'.<.7
-Earnings—hk
/
{
ji" 1942
1943
1945
1944
$599,347
$642,639
$783,665
$462,599
223,441
236,442
212,945
442,586
159,696
236,431
200,71p
6,228,007
5.153,609
3,138,769
1,108,881
3,446,853
1,950,971
1,851,983
'■
railway-
from
Gross
Mexico Ry.
from
Net
ry.
railway
.
170,477
income—
oper.
From Jan. 1—
from
ry.
—V.
railway
oper.
162,
5,629,297
.3,036,342
1,821,752
railway
from
Gross
p.
income—
572.
3,719,782
2,063,727
..I",
■;
RR.—Earnings— 7
New York Central
;,vod[
'
Leased Lines)
(Including All
"i
sao
Railway
Railway
-7 Mos.-^1944
oper.
revenues
oper.
expenses
tax
56,095,214
43,255,253
accruals-
6,616,104
60,797,135 400,325,064 419,302,337
42,727,001 308,883,942 302,081,242
45,803,043
10,836,814
65,§8&,884
Equipment and joint fa¬
cility
Net
>
1,296,192
rents
income
oper.
ry.
Other
11,584,380
5,847,435
33,699,048
40,047,831
.i I
1,554,975
1,494,892
12,229,918
11,743.069
6,482,640
7,342,327
45,928,966.'
'51^796,900
989,630, •; 2; 025,034
^T,865,360
deductions
153,743
320,780
charges-
3,694,039
3,740,413
26,617,041
2,634,858
3,281,134
18,322,295*;
Miscellaneous
income
'Includes Fed. income &
profits taxes__
162, p. 677.
excess
69,236,740
2,379,528
,
.
income
fixed
1,385,885 .11,939,031
4,927,665
—
income
Total
—V.
78,071,083
2,570,766
1945-
1945—Month—1944
Period End. July 31—
21^60,506
jl;
i.
1944
in¬
;
expenses
}r
(f<*j'i
'€.212,237
8,325,300
4,667,180
...
July
Net
1945
depletion
$1,245,942
$1,183,116
671,311 ' ' -743,690
127,539 5 ' 306,009
7,507,252
3,225,724
653,103
oper.
::z
,
1942%,-.;
1943
,
(& Subs.)—Earnings—
Uxes
other
and
7,487,693
New Orleans Texas &
Total
2450.
goods
—
Earnings—
1944
2,436,368
•
16,859,702::* 3^^78,291
6,695,186
'V.vioxf--; r.
■
■
I
York New Haven &
.•
Uf.tp,-
Hartford RR. -Earnings—
■j:
Gross
Other
profit
$9,365,081
$8,834,371
621,106
1,005,699
$9,986,187
__
income
$9,840,071
-—-
Period End.
Total
income
-
Other. charges-■
Federal
~
and
income
Additions
Foreign
to
6,447,841
profits taxes
excess
58,100
6,250,905
reserves:
227,108
investments-
Pension
;_____
!
_!
62,500
1
Contingencies
122,928
______
300,000
$3,475 845
$2,881,098
,
Class
A
Class
B
Common
Amount
net
!
income
preferred dividends..-_____—
797,275
preferred dividends—232,386
—i
dividends.
earned
common
Consolidated
sh^re..—.
1,616,651
1.708,647
11.380.3P4
2,019,457
2,143,352
14,257.243 '
1,018,118
1,132,388
7,218,660
Balance
Sheet, June 30,
1945
Assets—Cash, $13,318,643; U. S. Government securities,
•
$0.60
'
at cost (ap¬
equivalent to amount at market quotations), $18,435,498;
other
marketable
securities
(at
market
quotations.
$2,315,514),
$532,117;
accounts and
notes
receivable
(net), $13,447,988;
notes
receivable from employees, $31,933; inventories, $23,180,581; fund for
deferred
expenditures on expansion and development, $10,000,000;
proximately
'Net
income
>,•
104,694.065' 107,822J44
15,790,299
15,071,617
" 14.340.5.31
16,889,062
9,7.76,398
the present capital structure barexcluding
rents under rejected leases.
Net income includes
real estate taxes on Old Colony and B«ston
also accrued and unpaid charges against said properties fqr Boston
Terminal Co. taxes and bond interest.—V. 162, p. 572.
wj.
■
'After
fixed
charges on
nfooirtiesTfor^Boston
783,275
_
$
revenue
operating
ry.
Inc.
Ontario & Western Ry.- -Earningg—
New York
772,666
$0.80
I^OS.—1944
$
oper.
income—
avail, for fixed ch.
Net
232,386
'
772.666
1945—7
1945—Month—1944
$
..
per
July 31—
-
Total
1
Total
"Arrangements
$158,691
56,125
so
underwrite
such
of
railway
income..
RR.-
$1,092,984
489,939
104,697
railway.—,.
162, p. 572.
New
com¬
authorized
ry.
$90,006,931 $80,450,640
Depreciation
the
of
At
determined.
offered.
.
$201,719
56,119
additional
...
each
later
$147,106
11,585
6 Months Ended June 30—
carry
common
stock
to
89,977
65,515
$185,426
16,292
1
Sales
come)
of
from
Net
38,354
52,400
—
National Lead Co.
converted.
issue
Net
h
$1,016,674
449,486
106,443
railway
railway
oper. income.Jan. 1— '
From
—V.
1945
214,785
93,082
—
,
(net)
per
161, p.
225,000
$1,350,969
$0.61. "
' $0.69
depletion and other
under company's p.an
*;
.....
:
J- 'r-'sf.'-:
tTo
"
Net
first
share, it is
a
46,861
233,663
income
Earnings
'
:
"
——$1,317,516
all .eligible employees
special compensation.—V. 161, p. 2224.
expenses.
Net
$1,570,422
451,066
563,619
depletion
income
75,000
210,000
——
286,262
-
$1,650^969
1944
$1,764,890
558,234
595,225
taxes—
operating
income
contingencies
wages & salaries—
•
$1,602,516
—s,
-
share on 1,960,000 shares.*
—deducting costs, taxes, depreciation and
Net
-
income
Net
.
then
$261,583
1945
and
$1,364,707
276,136
-
109,538
36,638
74,977
,
(& Subs.)—Earnings—
revenues
retirements
income
Total
record
this
stockholders;
holders
,
160, p. 2223.
taxes
Gross
to
meeting, and as soon as the necessary clearance is ob¬
tained from the SEC, transferable warrants will be issued to the com¬
mon
$158,711
$160,107
gas
for
——> •
$1,326,379
income
per
operating
'Railway
common
Robert Amory,
authorize
to
shares.
"After
63,832
Gas & Electric Corp.
income
Utility
Other
part:
'A stockholders' meeting will be called to be held on or about Oct;
2,
1945, after the retirement of the first preferred stock.
At this meet¬
r
63,832
in
says
common
31,916
Maintenance
preferred stock will be
stock, of at least 31,000
the plan,
31,916
expenses
Provision
*
-
for addl.
tRes.
,102,984
amortization, etc.—V.
operating
Purchased
Other
shares, from current funds and additional bank loans.
In
102,999
$50,523
National
Total
meet
dividend
into
26
each
around
at
preferred
71,642
50,765
Six Months Ended June 30—
the
General
paid to holders of
"" '/' '
until Sept.
convertible
shares
the
as
that much,
required
secured
of
However,
expected
Funds
basis
stock
36,999
__
96,579
______
Total income
Net
outstanding shares of
Oct.
1, 1945.
A quarterly
that date, plus J/2 cent per
12..
The
$1,852,951
———344,129
expenses--
income
Net
discount
admin,
conv.
debentures
loss
bond
34,470
share
the residue of the preferential
extent
Sept,
not
stock
—$1,767,087
-
and
t$19,789
t$40,426
51,625
be
Nashua Mfg. Co.—To Redeem 1st Preferred Stock—
Rights to be Given Common Stockholders—;
the
'v.—
'Including operating, selling, administrative, and general expenses.
^Including idle plant expense, interest on first mortgage bonds,
Federal
retire
cum
$79,763
;v
tLoss.
Harriman
products, for the purpose of enabling the corporation
anticipated post-war requirements.—V. 161, p. 2003.
to
:
pro
the
voted
,
37,277
deprec. & depl.
5%
on
t$48,727
28;938
y
VV":
$70,295
ipcome
income
by
make
directors have
*
Co.
&
corporation
new
The
100,947
13,367
Non-recurring losses
Gross
$1,212,047
1,260,775
$63,096
16,667
t$54,524
14,098
$60,031
10,264
deductions
Prov. for
an
approved
Operating profit
tOther
par
issue
of
75,970
New Orleans & Northeastern
$1,581,544
1,518,447
$620,312
•
would be used to provide, in whole or in part,
corporation's manufacturing plants and facilities
provision
for certain
new
departments,
and
to
increased production of existing products and production
expansion
in
for
of
proposal
offer
to
investment
be
for
$1,738,638
69,824
>
—1
income,—.
War emergency expenses___
July—
1945—6 Mos.—1944
$1,030,754
Othesr, miscell, jincome.-..
stock for a period of 10 years, at a
by the board of directors based on
such time as the offering is made.
and
to
this
a
and
shares
which
initial
shares
If
.series,
104,500
Co., Incorporated,
proposed
of
in
common
prevailing
a
.■
*
$1,621,294
Misc. other operating
,
,
sales
Net
special
a
stock,-.with
issuable
expects
determined
contemplated
by
proceeds
provide
of
into
be
preferred
be
shares.
corporation
series
to
conditions
further
The
the
will
number
1,750,000
convertible
prices
or
underwritten
of
to
initial
an
would
cumulative
which
authorized
shares
stockholders
rata,
It
the
of
share,
per
/
:;//.■ ■,
$2.82
.
162, p. 571.
'Cost
200,000, shares
$50
:
1945„„„
"
=■--?-■—•—
Operating income avail, for divs.
$646,631
outstanding
common
Period End. June 30—
Is¬
Stockholders—Common
meeting of stockholders to consider a program to provide additional
funds for
post-war. expansion.
C.
W.
Avery, President, said that
stockholders would;he asked at this meeting, called for.Septal?, to
of
'
'Sales
Sales of by-products.
Gross
value
'
7';?:;:';
(The) New Jersey Zinc Co.—Earnings—
V','.;
J
25,146
;
$581,665
—
Earnings
Stock Increased—
authorize
the company until Sept, 7.
by the company of. its
Inc., Keyes Fibre Co. and Bucks?
New
Total
$9,845,490
expense
Interest
$7,500,000,
stockholders
common
Called—
on
Public Service Co.—Hearing Postponed
In. connection with the sale by the company--of-its
scheduled to be reconvened on Aug. 29, has
subsidiaries,
in
General
1943
1944
1945
National Fireproofing Corp.—Earnings—
corporation
24 the
England Industries,
port Water Co.—V. 162, p. 880.
(& Subs.)—Earnings— /
income
Gross
registration statement
10 cents).
The stock,
a
The Manufacturers Trust Co., New York, N.
Y., has been appointed
redemption agent of the preferred stock, series 1931, called for re¬
demption on Oct. 1, 1945, at $10.50 a share, plus 15-cent accrued divi¬
dend.
See
also V.
162, p. 783.
The
Aug.
postponed by the SEC at the request of
proceedings cover the proposed sale
holding
Stock
Operating income
477,321
of
Offered
Electric Association—Output—
Association reports electric output
This is a decrease of 66,816 kwh., or 0.52% below
ended
hearing
industrial
been
—
6 Months Ended June 30—
,
Be
162, p. 880.
York, N. Y.—V.
46,942
1,754,148
Corp.
to
week
12,853,984 kwh.
'After
sue
Payment
New
New England
at
this basis,
Exchange Aug. 29 at
$23% per share with a commission of $1. The stock of¬
fered by Lehman Bros, was sold in the elapsed time of
10 minutes. There were 106 purchases by 42 firms; 1,700
was the largest trade, 10 the smallest.—V. 162, p. 356.
115,035
American
Preferred Stock
Stocky ], ;
of series A 5%> preferred -stock have
Sept. 24, next, at $103 per share and
will be made at the Corporation Trust
on
production of 12,920,800 kwh. for the corresponding week a year ago.
Gas output for the Aug. 24 week
is reported at 98,848,000 cu.ft.,
a decrease .of 2,709,000 cu. ft., or 2.67%
below production of 101,557,000
cu. ft.
in the corresponding week a year ago.—V. 162, p. 880.
:
the
on
408,883
and
common
v
shares
redemption
dividends.
the
For
of
of
quotations
on
Special Offering—A special
offering of 20,700 shares of Capital Stock (par $1) was
162,
122,433
•
to
by
outstanding
for
New England Gas &
assets,
National Airlines Inc.
1,697,346
shares
has
would
•
Newberry Co.-Calls 5% Preferred
the
.
120
Co.,
30, 1945
including investments priced
amounted to $3,059,661.—V. 159, p. 383.
even
95,630
filed
which
tLoss,
t
total, $2,362,966.
Note—At
of the acts
any
for
937;
$253,072
income—
covering 937,500
of
called
been
The
1944
taxes.
depletion, but before Federal income
161, p. 2335.
1943,.
$8,499
.
.
64,383
purchased, $629; accrued expenses, $2,326;
$1),
our
law.
seemed
1944
$37,002
-
■>/ t$3,744
235
$69,284
•
2,584
48,462
(par
would
by
$276,240
.
has
income
—V.
4,143
(exclud. security profits & losses)
National
corporation
Finance
sales of securities
1945
Quarter Ended June 30—
■■■•;-.■
$51,375
13,767
capital stock
that
that
stock
stock
1658.
p.
$711,304.
1945
Assets—Investments, $2,235,258; cash held by Guaranty Trust Co, of
York, trustee, $106,539; dividends receivable and interest; accrued,
$21,169; total, $2,362,966.
*
1
trial.
settlement
post-war
Natomas Co. (& Subs.)—Earnings—
$65,673
investments
that
contingencies, $1,826;000; capital: preferred class A 7%
($loo.par),
$24,367,600;
preferred class B 6%
($100 par), $10,327,700; common stock ($10 par),
$30,983,100;
capital surplus, $485,295; earned surplus, $35,411,402;
reacquired
capital stock,
Dr$5,048,248; total, $136,790,340,—V. 161,
461.
p.
the
to
New
whose
materials
war
were
10,155
Operating
and
that date amounted
taxable dividend distributions-___
as
for
Income, (» Months Ended June 30
Balance
expenses
members
$255,155
Morris Plan Corp. of
The
quotations,
reserves*
.
to affiliated companies, $847,943; provisions for taxes, including
income and excess profits taxes, $18,069,493;
dividend pay¬
able, $116,193; reserve for fire insurance, $4,797,284; reserve for em¬
ployer's liability, $426,664; reserve for pensions, $2,087,000; reserve f6r
contingencies, $6,835,000; general inventory reserve, $700,340; reserve
accrued
1—
oper.
162,
of
on
dividends
income
Net
rec¬
94,911
income—
railway
railway—___
from
market
Dividends
of
$272,136
from
Net
at
less
Liabilities—Accounts payable and accrued liabilities, $6,557,573; pay¬
(J. J.)
innocence
our
involving
admission
the
of
the
railway
railway
oper.
securities
applicable to
months
companies,
able
cumulative
with
1945,
six
affiliated
to
advances
indictments
made
petition,
Re-
and
Federal
cumulative
•
»
admission
prove
staff
admission
an
1945
from
Inc.—Semi-Annual
in
miscellaneous investments, less reserves, $1,179,897; plant,
property and equipment .(including intangibles)." (less reserves for
depreciation and depletion of $48,633,891), $50,885,263; patents rand
licenses,
less
amortization,
$452,957;
prepaid
expenses,
deferred
charges, etc., $1,035,715; total, $136,790,340. •'*'.*
$4,289,747;
same
payment made
was
and
and
unique
a
an
constitute
from
ry.
Co.,
1
Interest
Montour RR.—Earnings—
Net
the
cash proceeds from
Net
which
plea to two Fed¬
an
'no contest*
us
approved
July—
Net
4,279,831
2,365,166
company
for
Income—cash
made
Gross
3,168,314
*
Statement
783.
p.
9,050,901
2,476,521
committed.
plea
view
for
recent
represent
executives
did not constitute
were
committed,
6,749,037
2,602,293
7V:- 7:V-'
also.
case
"(3.) The
in¬
Charges—
the
on
companv, which stated in effect that:
"(1) The plea was being entered without
in
earnings
nolo contendere
a
does
of
14,955,635
Total
several
time
23,615,625
6,661,207
June 30,
on
six
an
$3,051,894,
was
urgently needed in the production of
are
be squandered
"In
The
504,783
24,946,584
Expenses
advised
lasting
exceeding $100,000.
the
postponed for the dura¬
of the government.
who
936,284
233,019
appreciation of investments
share.
"The plea of
counsel
1,115,985
169,924
204,373 shares outstanding.
period, exclusive of $220,266 in net
profits realized from the sale of portfolio securities,- was $51,905.
The
balance of earned surplus on June 30, 1945 was $479,937; net unrealized
period of 1944,
Directors, reported to
1945
of
assets
ceived
of
commented
'fine'
831,554
168,217
'
income
Anti-Trust
to
the request
of
Queeny said.
ommendation
would
at
war
payment
for
$51,360,896,
to
Net
880.
p.
Earnings—
indictments alleging violation of anti-trust laws.
filed in mid-1942 but trials thereon were
were
162,
Monsanto
of
Board
common
$9,COO "fine"
a
of
share.
common
a
$2,626,545
Securities
port—'
corresponding
months
Contendere Plea
by Monsanto of
eral
the
$3,540,096
23,917,655
Nation-Wide
'V''v
Cos.
amounted
Edgar
Net
$3,590,841
income,,,
571.
oper.
Net
Net
'
681,434
railway
railway,,;
$3,059,661
months
investments
1942
1943
$3,294,884
from
Gross
preferred stock may be obtained at the various banks.—V.
Chemical
1944
From Jan. 1—
Immediate payment of the full redemption prices, plus interest to re¬
demption date in the case of the bonds and debentures, and plus all
accrued and unpaid dividends to redemption date in the case of the
Monsanto
/'
debentures due 1965 at 110 and in¬
Trust
.T
,
"1945
:
'
Gross from railway—.
Net from railway
Net ry. oper. income
per
terest
"
July—
989
July-—
?;■
railway.—
railway
from
Gross
Net
from
Net
ry,
oper.
income—
1945
t.
$774,948
145,664
■;
1944
■
19.43
$905,645
$985,847
70,686
250,627
25,925
'60,062
4,945,648
5,601,215
152,111
oi
J<.1942.
$809,859
j.»>nil92,451
,105,518
'. From Jan. 1—
Gross
from
railway——:
52,167
383.684
•719,734
income—
'Deficit.—V. 162, p. 572.
'313,223
Net
Net
from
ry.
railway
oper.
4.953.645-
662,237'
152,134
3*W4frt992.
^0,149
99,677
of
1945—12 Mos.~1944
1945—6 Mos.—1944
preferred stock
of
Corp.—Earnings—
New York Power & Light
Period End. June 30—
,
Monday, September 3, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
m
$111.31
31,
)perating revenues i.-- $16,460,599 $16,000,075 $32,646,398
17,661,767
8,654,314
8,279,470
maint. & depr—
1,157,000
456,000
702,000
'ederal income taxes—
1,296,000
3,737,895
2,411,500
3,637,550
fed, excess
1,916,485
Operating income
income
>ther
3,645,367
—
Consolidated
Earnings
1945
1944
$65,232
9,705
:
6,699
4,706
4,012
653
Other
3,687
5,846
650
fees
649
Other service fees
on
$8,775,253
$6,895,694
5,565,331
4,040,871
Expenses
Int.
) Portion
debt
of
Profit
—
bond
of
Net
disct.
29,353
27,449
26,102
30,960
30,960
of
to
new
bonds
reduction
Net
income
in
260,775
260,775
Net
inc.
6%
Dividends
p.
on
period
$160,856
48,564
40,471
32,299
26,917
the
pfd.
with
stock
-1944
1945—6 Mos
.
24,622,693
13.094,807
6,713,928
22,482,370 145,987,172 132,836,526
13,469,587 89.334,933 79,973,819
6,283,775 40.327,912 36,766.011
2,813,958
2,595,527
income——
2,620,562
ment,
$1;
prepaid expenses,
Liabilities—Accounts
prof,
excess
income
State
302~946
1,030,100
1,492,444
Federal
45,000
306,520
"
Cr45,000
118,700
Savings
623,980'
.
631,777
600,000
617,600
1,216,650
2,188,521
389,614
338,780
$3,357,177
income
Other
$3,303,240
i
Net
i —V.
■
income
tax
$1,692,501
$4,412,747
3,174,561
216,072
444,529
$3,478,383
881,593
$1,247,972
$2,596,790
$2,504,899
Niagara, Lockport & Ontario Power Co.
revenues
40,800
491,300
(& Subs.)—
Cr5,200
Crl,700
21,000
4,552,614
taxes-
325,400
325,400
650,800
458,600
28^600
523.900
income
prof,
excess
taxes
taxes
595,205
.
Operating income—
Other income
.$1,243,700
65
income
Gross
Fed.
$1,290,193
564,952
„
$2,670,619
615,449
1,324,982
surplus at end of period
—V.
840
540
9,016
deductions
$42,170
$381,604
Int.
$1,345,637
254
423
$41,747
$22,976
oper,
Railway
(Del.)
*
7,497,484
7,461,055
...
revs—
$3,900,931
accruals—
2,906,413
income
$994:517
(net)rents(net)
Cr796,948
income
$1,777,770
209,743
oper.
Equipment rents
facility
Joint
•Net
rwy.
Other
oper.
inc.
items (bal.)
Income
fund.
on
•
_
4,932,500
$132,957
4,715,000
f. 1,863,,600
1,876,800
3,766,520
6,138,471
3,863,240
&
State
excess
inc.
taxes
profits tax.
operating
3,185 ,482
2,790,045
$5,771 ,917
1,945,403
2,968,084
679
$5,831,350
income
held
Net income.
2,134,655
4,225,925
deduct.
60,201
$6,482,471
175,990
$1,811,523
—
of
preferred
715,602
1,431,205
£r121.604
162,
700,000
$5,051,266
$4,473,320
$2,505,540.
65,284
261,136
263,003
$22,512
$59,586
$106,528
and excess-profits taxes.—V.
Corp.—Dividend
Value of
corporation
has
investment
the
SEC
Co.
in
Laclede
Brewster
the
Authority
requested
the
SEC
authorize
to
for
the
Laclede
Power
States Power Co.
of this
company
42,80^,000 kwh,
&
Gas
Light
Light Co.
reported on
approval
of
stockholders
for
2,045,600
2,045,603
1,756,497
1,756,505
for the
an
week
with
increase!
of
ended
40,904,000
Co.
Aug.
kwh.
for
.
Maintenance
I
a
on
Statement
1945
charged
to
income
Fed.
and
987,548
2,532,500
2,400,000
4,932,500
2,857,797
5,685,964
Fed.
exc.
1,764,300
3,496,769
profits
excess
63,936
85,603
173,954
taxes
266,317
$244,756
3,185,482
2,790,045
6,138,471
5,238,675
income
$5,999,796
6,887
other
and
deductions.
6,494
$278,320
income
interest
Net
3,645,740
tax
prof,
32,643
$271,432
and
income
Total
5,591(759
inc. tax.
Crl,343
88,835
$251,250
162,365
1,945,402
Balance
Sheet,
June
30,
164,058
$115,954
income
4,715,000
2,983,073.
1,729,350
State
222,749
64,003
earnings
Gross
1945—12 Mos.—1944
/
$914,647?
Crl,659
construction
depreciation
1944
$884,296
.__
taxes
Net
(Minn.) (& Subs.)—Earns.
2,968,084
yet been
application filed earlier in August
plan of reorganization of Interstate
the
1,389,150
_
liquidating
34,127
for
Federal
$26,735,567 $24,"559,475 $51,236,015 $47,929,932
8,916,214
8,254,031
17,008,439. 16,388,884
(other than inc.)
a
an
revenues
expenses
General
1945,
25,
and
253,599
Provision
4.6% .—V. 162, p. 880.
1945—6 Mos.—1944
revenues—
Depreciation
of
reduction
No hearings have
Operation
(Del.)—Weekly Output—
compared
as
Period End. June 30—
Taxes
a
were
hearing
a
operating
Other
Operating
Operation
Re¬
proposal.
12 Months Ended June 30—
Total
General
output
161, p. 2664.
Sought—To
Shares—
this
on
also
and
date
878,252
Northern States Power Co.
Or97,865
59,060
458,271
$87,191
1945
J'
Assets—Property,
plant and
equipment,
$7,081,268;
miscellaneous
security investments, at cost, $12,038; cash,. $327,494; U. S. Govern¬
ment
securities, at cash6 redemption values, $149,875; accounts and
Net
oper.
4,575,000
income
Gross
Total
$1,725,880
shares
of
Entry
con^pany
:
J.
income
income
$6,059,228
deducts.J
and
min.
of
with
stock
common
to Reoffer
700,000 Shares '
,
the SEC
of
;an
order
by
the
a
Pacific
proposal
new
Gas
Commission
Sept.
■
<
.
&
to
Electric
the
-
—V.
.
reoffer
Co.,
the stock
for
fact
the
Operation
$3,398,293
$6,852,026
$6,227,921
687,500
687,500
1,375,000
1,375,000
tion,
2,100,000
4,590,000
4,150,000
6,690,000
Maintenance
Depreciation
period
when'
Taxes
Fed.
of
__
—
__
(other than
and
State
inc.)
action
exc.
prof.
tax—
Wis.
(& Subs.)—Earns.—
1945—6 Mos.—1944
$3,737,536
$7,658,445
Gross
$7,286,548
Net
2,291,642
407,520
332,251
760,620
741,990
456,115
467,020
855,609
893,709
Net
from
Net
ry.
409,800
827,219
917,190
apnlied
to
397,439
222,750
707,624
'
•
$967,026
$1,833,413
54,678
109,693
' 104,692
income—-—
$1,149,731
$1,021,705
$1,943,016
$1,876,776
406,030
412,831
803,187
income
Common
—V.
$5,713,823
provision
4%
bonds
for
on
the
the basis of
$l-,465,000
outstanding,
the
June
principal
net
asset
30,
1945
amount
value
cql-
share
521,945
207,895
465,595
177,267
375,861"
32,035
109,988
income
607..
165,105
_
Co.—Earnings—
1945—6 Mos.—1944
'
1945—12 Mos.^—1944
$17,818,489 $17 ,294,343
5,867,256
5 ,710,347
revenues—__
$8,847,803
$8,563,355
Operating
expenses—
2,941,277
2,781,594
repairs
603,508
495,405
1,135,593
998,343
reserve____
816,793
800,923
1,625,462
1 ,604,27$
investments-
11,585
11,560
23,156
23,122
(other than inc.)
748,021
753,223
1,484,974
,477,487
taxes—
432,500
457,800
839,700
921,000
722,#3
1,235,400
1,973,008
,038,600
57,090
64,800
118,290
132,800
Maint.
and
$608,874
$1,139,829
$1,049,641
13,567
13,567
27,135
Amort,
27,135
436,997
436,997
917,694
.electric
Taxes
1,005,094
2451.
p.
of
Federal
Federal
July—
Gross
1
State
-Earnings—
railway—.
railwayincome—_
oper.
1944
1943
1942
$507,279
$480,801
$568,708
$440,953
80,395
79,323
201,937
113,129
18,270:
28,985
152,364
Net
from
Net ry.
—V.
railway
3,617,144
3,370,539
3,498,123
716,851
520,289
936,794
2,525,644
430,823
railway.——
oper.
income
162, p. 572.
346,392
177,937
595,873
164,136
income
prof,
exc.
tax—
taxes
•
671,358
671,358
amortization—
f
-
Net
$4,079,689
1,569
$4,388,360
4,694
890,781
$4,081,259
1,659,414
$4,393,063
1,801,031
$1,073,910
$2,421,845
$2,592,032
$1,843,261
$1,962,648
449
2,042
$1,843,711
$1,964,691
787,975
$1,055,735
75,564
income-
oper.
_
Other income
Gross
' From Jan. 1—
from
i
limited-term
income
Special
1945
from
from
ry.
Re¬
of
dividends
Northwestern Pacific RR.
Net
market
per
railway
oper.
Period End. June 30—
827,135.
$743,701
dividends
161,
Gross
After
679,761
75,741
v
..
trust
854,543
336,300
railway
$1,772,084
59.967
Net
totaled
from
Gross
Oklahoma Gas & Electric
$1,089,764
Preferred
Commission
assets
933,256
$125,033
From Jan. 1—
-
Retirement
of all the North American shares of preferred stock.
6% series, of which 606,359 shares (par $50) are now
outstanding at
$55
a
share plus accrued dividends.
port-
11,902.
1943
$139,727
79,688
31,267
337,680
income—
Total income deductions
redemption
North American Investment Corp.—Semi-Annual
'
1942
1944
$119,143
56,584
21,337
1945
$100,277
38,999
income—
oper.
*!•
.
Operating
the
rejected last May a previous proposal by the
company to
sell the 700,000 shares of Pacific Gas common to an
underwriting syndicate headed by Blyth & Co., Inc., because it failed
to meet the "competitive bidding conditions" test.—V.
162, p. 880.
j.
Ry.—Earnings—
761,291
railway—__
—V. 162, p.
income
Net
be
ry.
2,266,437
153,255
370,980
pro¬
by the company on Sept. 17 and an entry
p.m. of said date authorizing the com¬
would
2451.
railway
1,146,703
by the Commission by 3
funds,
from
175.900
oper.
Gross
other
p.
\
from
Net
389,640
other
'
pany to conclude the sale.
: Proceeds
from the sale, with
accrued
$51,792;
July—
1945—12 Mos.—1944
$4,089,884
Net
the
$10),
$1,215,660;. first
mortgag^
$3,660,000;
accounts payable, $7,180;.
interest thereon,
$33,253;
accrued
(par
1964,
Oklahoma City-Ada-Atoka
Total
authorizing
stock.
the company on Sept. 5 for written
and
$265,916; customers' advances for construction, etc., $5,684;
for depreciation, $1,179,006; contributions in aid of construc¬
paid-in surplus, $1,528,047; earned surplus, $106; totalg
reserve
income
.taxes
Fed.
deposits
415,200
the
likelihood
customers'
stock
due
$7,946,643.—V. 161,
•
1,165,823
revenues—
proposed
that
series,
56.205
'
Period End. June 30—
that
believed
4%i
56,205
items,
161, p. 2790.
Operating
Liabilities—Common
bonds,
28,102
Northern States Power Co
at
6,261,357
necessary
4,
•
$5,561,050 $11,134,155 $10,525,190
2,134,654
4,225,924 v. 4,241,064
$3,887,452
„_
Preferred dividends-;..-..
Common dividends
posals to purchase the stock.
Acceptance of a proposal
receivable, less reserve of $1,887, $70,821; accrued utility rev¬
$22,175; materials and supplies, priced at average cost, $35,093;
prepaid insurance, etc., $6,197; estimated post-war .refund of Federal,
excess profits tax, $7,153;-deferred charges, $234,528;
total, $7,946,643.
enues,
28,102
$1,814,293 $12,932,114 $12,909,259-
to Invite sealed bids for the purchase of the
Invitations to be issued by
2,143,673
int.
Net income-.
Aug. 24
59,432
_
$5,505,754 $11,005,785- $10,404,470
55,296
128,370
120,720
372,599
1,550,000
asked the Commission to take the
to permit it to carry out the following schedule:
values.
65,252
$8,151
1,022,801
878,247
corresponding week last year,
Other
company
lateral
$369,523
Ohio Water Service Co.—Earnings-
880.
p.
Electric
$2,573,353 $14,940,385 $17,856,858
competitive bidding.
Company owns 1,348,192 shares of
outstanding shares of Pacific Gas.
Company said it
under Present conditions it can obtain the
highest price
by selling .it off the Stock Exchange, regardless of the
stock is registered there.
The company said the size of
offering makes it essential that it be made during a
comparative stability in market conditions indicate the
its successful completion.
■
245,697
$320,722
liquidation
1,431,205
divs
52,529,321
700,000
Income.—
company filed
Net
246,919
$87,765
advised that SEC has set Sept.
11
an
amended plan to provide for the
of Central States Utilities Corp. and Central States Power
& Light Corp., other majority-owned Ogden subsidiaries.
The only re¬
maining investment of Ogden Corp. in public utility properties is repre¬
sented by the investment in Interstate Power Co.—V. 162, p. 881.
as
$5,904,525
$2,972,074
1,022,800
—
divs.—..'
Northern
$2,749,489 $16,173,110 $19,089,810
176,136
1,232,725
1,232,952
Nofth American Co.—Plans
The
62,290
$73,435
by the SEC
with
4,241,194
$3,221,142
715,602
preferred
162, p. 572.
order
$615,219)
Maintenance
$2,158,698 $14,556,429 $15,117,198
590,790
1,616,681 . 3,972,612
of Pacific Gas & Electric Co.—
•
3,249
$567,640
notes
-Balance
,
2,983
$150,054
dividends-_
Par
Mr.
$5,355,797 $10,708,396 $10,145,718
2,143,674
$3,687,677
Sub. divs.
The
622
$133,636
other
dividend from
5,238,675
59 ;433
Subs. divs. & minor, int.
$9,231,112 $10,381,075
Drll,768
■
$1,987,513
__
debt.
income
The
$611,976
(net)
income
Ogden's
$5,300,500 $10,580,025 $10,024,998
55,296
128,370
120,720
_
Balance
Cr674,837 Cr5,446,921 Cr4,833,988
Mlscel.^ appropriations-
? —V.
$564,658
21,920)
stock
Power
income
income
Gross
—V.
53,301,024
$1,495,630
Sinking-& res. funds—
appropriations —85,643
t
$149,432
on Aug.
29 in the corporation's semi-annual report cover¬
ing the period ending June 30, 1945.
B. H, Brewster,
President, explained that this authorization would!
represent distribution of practically all of the proceeds of sale of
5,627,760
/ a
Net
275,418
announced
Total income deductions
r
Int.
423,900
income
The
1945—12 Mos.—1944
5,712,270
Other
$6,235,722 $38,096,872 $40,278,209
(
4,740,092 "28,865,760
29,897,134
Dr 13,696
•
Gross
82,900
excess-
the par value of its common stock from $4 to 50 cents a share and to
make a cash distribution of
$10,210,983, or $3 a share, in part from:
the capital surplus resulting from such decrease in par value, it was
(& Subs.)—Earns.-
1945 -6 Mos.—1944
987,549
1945—Month—1944
1945—7 Mos.—1944
$1!,361,98G $13,733,206 $91,397,896 $92,807,530
exps
oper.
tax
Railway
:
240,953
101,400
&
Ogden
$26,735 567 $24,559,476 $51,236,015 $47,929,932
16,514,856
8,991 ,343
8,328,285
17,138,145
revenues
7%
revs
oper.
rwy.
2,115,492
250,052
*Tn lieu of Federal income
$390,244
$377,070
2,876,297
totaled
Net
$3,265,756
2,279,869
60,030
Balance
■-r'-i'
Norfolk & Western Ry.—Earnings—
{Railway
$3,518,478
529,114
taxes
and
Pref.
39,332
4,534
2,400,000
$1,355,488
-
$676,942
—_—
Period End. July 31—
Railway
$821,478
580,183
62,537
income
Net
$429,576
___
6 'If
<
1945—12 Mos.—1944
1945—3 Mos.—1944
taxes
Gross
8,310
$23,229
net
(other than inc.)
Net
2407.
160, p.
SI.15
$877,077
expenses
income
Income
$41,765,057 $38,230,148
$1.64
'
Net
$1,410,612
36,869,528
39,706,759
share
operating income
Other
$421,266
1,389 ,150
Fed.
$2,597,999
1,242,511
$674,744
$1,241,894
deductions
$2,058,298
during
883.
income
Net
221,681
$372,589
2,532 ,500
3,001 574
Fed.
$2,673,481.. $2,586,739
Dr2,862
11,260
$1,290,128
—___
Income
1,172,247
605,930
£>rl,306
,
234,325
$41,630
Depreciation
Taxes
9,451,736
634,500
455,000
1,205,637
9,409,201
Fed.
18,666
$22,390
Operation
$7,056,672 $14,429,629 $14,333,612
$7,092,455
4,469,550
Federal
General
065,900
Maintenance
Oper^ maint. & deprec.
Other
Operating
521,740
Cr76,lQ0
Northern States Power Co.
1945—12 Mos.—1944
1945—6 Mos.—1944
___
surplus
beginning of period-
Operating revenues
884,092
\
Period End. June 30—
Operating
P.
at
Northwestern Public Service Co.—Earnings—
286,579
income
Operating
^
$1,798,554
387,942
2,966.437
20,300
18,700
Period End. June 30—
Earnings—
consolidated
Period End. June 30—
$4,351,803
258,630
Net income
$3,388,791
407,537
—
$2,601,416
543,118
^Charges
$374,827
returns-
income,
Income
572.
162, p.
Dr2,547
„
.
.____
per
161.
duce
$1,731,976
_
deductions™.
Income
210,207
Dr200,549
interest
of
from
Gross
85,551
121,206
.40,777
$1,324,439
income
Gross
61.064
—
Other
789,212
$1,651,724
$1,670,912
„
acquisition
2,204,597
Crll4,915
income
in
Consolidated
1945—12Mos.—1944
14,600
Operating income
Operating
and
1937—
consolidated
surplus
—V.
$4,883;
233,906
Depreciation
1,235,250
1,132,081
1936 and
$4,523,906.
$308,896
_
profits tax
filing of
exc.
Consol.
1,102,758
chge.
—___—.
revenues
$1,789,638
63,845
to
for
(net)
increase
Earnings
dividends
Interest,
1945—Month—1944
Total oper. rev. deduct.
Federal normal & surtax
733,000
413.100
'
taxes
water
taxes
4,656,961
taxes
Operating
$9,232,450 $17,556,399 $18,792,034
8,786,191
9,016,814
4,356,911
$8,631,762
period
Bancorporation
period
Consolidated
(& Subs.)—Earnings—
Period End. June 30—
1945—12 Mos.—1944
1945—6 Mos.—1944
Period End. June 30—
Y.
total,
67,098
$2,540,118
for
Northwest
to
801,034:
1945
deposits, $166,216; cash on de-'
4%
bonds, $129,955; interest
$1,950;
bond
write-downs
surplus
Dividends paid by Northwest Bancorporation—
profits
Operating revenues
Oper., maint. & deprec.
Federal income taxes._
N.
$2,728;
income
relative
Additions
payable, $26,936;
collateral trust
4%
$1,465,000; 6$ preferred stock (par
$100),
$1,798,700;
5Vgrk
preferred
stock
(par
$100),
$1,304,900;
common
stock (par $100), $4,240,100; deficit, $4,355,577; total, $4,523,906,—V. 161, p. 883.
North Texas Co.
Other
trust
payable,
taxes, $37,014; accrued
bonds (due Dec. 1, 1951),
Niagara Falls Power Co. (& Subs.) —Earnings—
$2,657,769
(net)
affiliates
in
251.
p.
Canadian
June 30,
demand
accrued
16,096,696
13,700,295
16,324,327
14,219,310
2,729,008
and
collateral
of
119,997
$3,580,170
955,270
84,782
net
of
companies
market¬
able securities—at cost (after reserve, for foreign securities of $121,272), $4,104,911; investment in subsidiary company (market value,
$49,904), $28,006; unamortized bond discount and expenses, $21,299;
unamortized discount on capital stock, $56,630; furniture and equip¬
s
$
20,332
income—.
hand
on
trustee
$2,537,768
832,734
and
Additional Fed. income tax
$147,196
32,377
21,531
$75,331
stock——
pfd.
6,471.948
$2,747,436
operations
.
charge-offs
receivable, $12,653; accounts receivable, $1,508; investments in
146,150,923 133,006,846
27,067
163,751
170,320
rev—
oper.
operating taxes—
Fed.
38,000
Net
22,509,437
24,643,025
revenues——
Operating revenues—
Operating expenses —_
162,
$'35,196
15,000
Balance Sheet,
Assets—Cash
$
—V.
$90,331
27,000
for
5'/2%
2790.
1945—Month—1944
period End. June 30—
oper.
$187,856
for
Consolidated
with
New York Telephone Co.—Earnings-
Net
profit
on
posit
Net
&
Dividends
$228,000
$2,544,416
$228,000
$2.3^,416
bonds).—V. 161,
Uncollectible
taxes
prof, taxes
Federal
exc.
retirement of funded debt (based on estimated
Federal taxes on income as a result of costs relating to
'retirement of
Operating
before
current
interests
Recoveries
1945—12 Mos.—1944
from
surplus
Adjustment
—
connection
tin
71,449
of
--
-
164,120
160,893
gain from security transactions
Prov. for Fed. inc. &
——
$9,009,711
7,474,633
securities sold
on
Minority
$24,298
$23,736
-
$228,000
$2,283,641
.1945—6 MOS.—1944
relat¬
issuance
ing
Total
Net
$228,000
$2,110,641
etc.-
exp.,
costs
$10,222,069
operations
I
earnings
Provision
$18,882
transactions
<
premium,
disct.,
current
30,960
Profit before net gain from secur.
1945—12 Mos.—1944
1945—6 Mos.—1944
Period End. June 30—
Portion
from
expenses
$81,360
& exp.
_
& amort,
Total
)tal
$77,291
$84,049
deductions include:
«Income
Period End. June 30—
2,300,936
$4,232,089
2,522,167
2,255.455
2,663,117
6,098
$1,471,629
$1,858,443
income ——
Net
1
1944
1945
$5,258,016
_
earnings
June 30
Statement, Six Months Ended
loans
earnings
Total
Total
,
Income
current operations:
dividends on securities.
and
Interest
$73,012
Interest
from
Interest
1943
$69,847
Dividends
$6,901,792
18,483
$3,596,863
2,125,234
$5,503,810
——
deductions
and
976,000
$8,793,736
$3,603,039
6,176
9,834
Northwest Bancorporation—Earnings—
with net asset values,
$120.61 a share on Dec.
compares
1944
30.
Earnings for Six Months Ended June 30
17,669,787
Management
$5,513,644
—
Dr.
income
Gross
'Income
1,453,000
1,833,722
49,000
profits taxes
>ther taxes
June
on
1944.
$31,596,629
9pejr„
This
$136.90.
was
share
a
Total
Net
-V.
income——
inc.
deductions—
income—
161,
p.
2664.
■
-
v.
.
J,
^Volume'162
1
Oklahoma Natural Gas Co.- -Earnings—
:
-
1944
.
,
6 Months Ended June 30—
:
$15,621,577 $14,831,481
:j__
*
Packard Motor Car Co.—Earnings—
:
■s
.
'V;
1945
}. -12 Months Ended June 30—
Operating revenues —ZZ—;
991
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4417
-
1945
V
-5
1944
-
-Profit- after ^charges—$5,917,449
]
plan be amended to increase cash distribution to preferred
/
'
*
1943"
from
-
_
$12,087,737 $11,887,900
$13
$16
to
stockholder*
share. " v1
per
electric, water and ice properties
located at La Grange, Texas, were not retainable with the natural
*, gas properties located at Austin, Galveston and Port Arthur, Texas, and
that the La
Grange properties must be divested by Peoples.
While
the Commission, held Peoples could not retain its interest in the farm
.business of Texas Public Service Farm Co., in view of the possibility of
future discovery of gas reserves on the
farm property, it permitted
the company to retain sub-surface rights..
The plan provides for the issuance of 278,748 shares of new common
stock ($8 part, plus cash, for its outstanding preferred, class A and
f class B common stocks.
Preferred stockholders would receive three
shares of new stock plus $13 in cash for each share of present preferred; class A and class B common stockholders would receive one: i fifth
share of the new stock for each share held. This would result
/;in distribution of 89.5,% of the new stock to preferred and 10.5% to
/common stockholders. ,;. '.
!v "
1
!
The Commission disapproved a proposed payment of a cash dividend
of $1 per share on the new stock on the plan's effectiveness.
It held
t such a payment was unfair, particularly in view of dividend arrearages
on the outstanding preferred of $25.60 Sept. 30, 1944.
The Commission
said it would approve the plan if amended within 30 days to eliminate
;•'! the proposed $1 dividend payment and increase the cash payment to
the preferred stockholders from $13 to $16 per share.—V. 161, p. 314.
The
/
Commission
the
that
held
^
Operation
_
General
State
iZ/ZZ;!-! —r
———_i-
•Federal normal
Federal
——7/
—
taxes
and
excess
surtax
profits
income
6,585,147
____1—
___
Maintenance
•
911,111
.
908,124
128,000
No. -of
*
1,779,032
$3,209,792
DrlO,742
$3,427,135
Drl,204
$3,199,049
accruals
Other
_
—
income —
„
_
9
(net)—_
$3,425,931
9,913,411
4,853,000 s-i 9,936,000
•
-V
■
■
i
•
-I
I.
'
.
■
■
$2,151,737
15,000.000
15,000.000
$0.07
—
.
a »
$1,974,489
15,000.000
$0.13
$0.14
•
n 1!
,n
,
$1,064,449
share—.
per
,v. i
Cutbacks and Fee Reductions Lower Earnings—
of
Cutbacks
Utility operating, income
,
'■
shares-^.—.
capital
•
Earnings
133,000
1,667,411
tax
reserve
provision
//Net profit'
1.665,000
-
Retirement
tax
y.-i"
1,227,000
,
1,331,000
_____—
Federal
426,591
,
1,253,000
__
tax
5,265,597
.536,115 'b.
•'for
the
in
half
first
dollar
26%-in
reduced 16%
were
units
of
billing
of
Packard
war
which
engines,
shipped, contributed to a drop in profits
is revealed by the six-months earnings
1945,
it
•
•
•
,
^report
H,
Gross
income
Income
.—
deductions
692,599
$2,604,090
427.500
100,937
———
!
242,315
—V.
for
162,
stock
common
and
251.
p.
.
;
$6,799,531
inc,_
5,785,959
5,271,835
$1,013,572
$1,033,158
357,808
394,631
•
_
$1,371,380
Provision, for Federal
excess
taxes
Net
315,356
taxes
on
fixed-
our
cut
than
more
the
accompanied
was
increased
by
replacement parts for
due
overhead
,
'
(& Subs.)—Earnings—
Peoples Drug Stores, Inc.
to; pre-
cars.
of
/
.
Need
which
owners,
■
1943
1942
$16,984,451 $15,118,337
1944
1945
6 Mos. End. June 30—
*
•■
of
Cost
&
$16,986,147 $16,799,815
income
store
Total
that
sales, oper, exps,
,
,
15,557,295
15,768,043
14,194.478
pp CO ^
$1,242,520
123,302
$1,216,408
$923,859
131,530
66,264
$1,592,682
& admin,
gen.
$1,365,822
$1,347,938
$990,123
1,038.016
71,998
855,099
811,667
565,260
15,509,954
exps.
war
Christopher continued.
Mr.
5,738,614
Parts'
Car
$711,273
6,239,216
Reflected
Operating
P-*
profit
Other income
this field alone."
for parts is confirmed by a recent survey of car registrations
shows Packard leading other makes with
the least loss of
349,901
$653,028
^
surplus-.
Is
00 CO
__——-
$554,298 in
301,623
,
Overhead
,
•
building,
,
income—
.
been
is
work and
between
'*
Previous
has
*
64,992
366,829
.
profits
Slashes
engines
period, steps taken to ready our plants for ultimate
and to shorten by advance planning any emnloyment
and peacetime production," cost us $828,334," the
President
stated. -' "Furthermore,
Government-authorized production
.of car parts was necessarily so limited in volume as to cause a loss
"During
.
/ lag
$1,427,789
36,167
Other deductions———
income
aircraft
;
car
_
income
Provision for Federal
$231,117,177/
was
production, percentage of fee
war
Increased
.
_
Gross
$171,832,101.
at
'
than
"
*7 ■'■'■',<
operating i income
Non-operating income 1
:
Net
ol
$6,304,993
; >
<*
reported
Geo.
on
fee
reconversion
1944
Gross
operating revenues
Operating expenses and taxes other
the
months
six
1945
__
>:V:'C /
is
T, Christopher, President and General Manager,
current
report.
"Estimated engine costs upon
computed have been reduced more than a quarter.
The net result has been that allowable profits per engine have been
more
than, halved in the interests of the taxpayer."
The president pointed out that the lowered volume of 1945's first *
(& Subs.)—Earning:
6 Months Ended June 30—
said
comment
which
'
i
4
half
last year, volume
Rolls-Royce
in
business
in
:
$2,052,169
$2,078,949
surplus^
;
Omnibus Corp.
•
first
-1945's
period
same
third,"
.a
208,667
—
.
Balance
for
"Since the start
i fee
.
i
the
For
company.
done
Taxpayers Gain by Sharp
jNet income _—zz~z_z_z_——
Dividends on preferred stock, 4%% series A—
Dividends on $5.50 convertible prior preferred
Dividends on preferred ($50 par)
*
.".
the
of
Business
■
821,840
$2,506,449
__
»
Loss
'
income
Total
Federal
~
Wartime
a
ex¬
taxes—_
deductions
Misc.
"Figures prove that, for every 100 Packard cars registered in 1941,
are nearly 95
in use today," he said.
"That points a clear-cut
obligation to help these owners maintain their vital transportation.
Since
the
necessity of continuing war production
means
lessened
and
income
Drofits
cess
Service
!:
; 60,328
59,578 /, / 48.023
,;
.
there
Total
surplus
Cash
$6,892,245
dividends
Cash
dividends
Adjust, to deprec.
res.
Prov.
247,966
247,966
stock-
common
on
$6,449,887
stock
preferred
on
323,869
323,868
amort
for
for
res.
of sub. applie. to pr. yrs.
of intangibles
.Volume
time
343,916
service
Balance,
—V.
surplus
per
161,
$5,946,493
$0.72
share
Outboard, Marine
Manufacturing
&
Co.
(&
Subs.)—
Christopher
1945—3 Mos.—1944
sales
of
$7,147,348
products
.
&
gen.
Deprec.
Net
to
exps._
6,053,870
7,055,414
17.862,569
18,688,124
75,072
62,702
227,596
183,474
$1,018,405
$3,219,001
$4,400,825
$7,347,658
46,139
41,970
136,308
114,843
profit
from
oper.
Total
Other
•
charges
Excess
$3,260,971
$4,537,133
46,924
190,966
258,400
661,000
$12,358;
taxes
488,300
2,385,800
5,036,500
2,673,300
$569,847
contingencies
$1,011,867
300,000
$283,218
$269,847
$836,867
$0.47
t$0.45
$1.41
share—_
"Including renegotiation of
V.
162.
civilian
war
contracts and
production. !tBased
conversion
and
Assets—
position re¬
and marine
business
the
on
and
accrued
(after*
interest,
Treas.
6 Months Ended June 30—
Sales
Contract
Cash
cost-plus-fee
contracts,
miscellaneous
(wholly-owned), investment and
refund of Federal excess profits
Cost
products
from
of
goods
preciation,
Gross
and
other
1945
and
Prov.
for
Federal
^
operating
depletion
and
expenses,
payable and accruals, $19,209,548; deductions
for War Bond purchases and payroll with¬
$597,431;
taxes,
Government
cost
adjustments,
wholesale
dis¬
.'_
taxes
interest
for
with
income
respect
!
162, p. 463.
Paramount Pictures, Inc.
'
tNet
2,124,514
+2,181,822
36,232
contingencies and post-war
and
surtax!
adjusts.
normal
taxes
and
refund
to
'
/
.
income
Surplus and
$148,640
$139,714
$0.37
adjustments
other
$2.26 "
$1.09
$1.19
direct
indirect
and
net
interest
as
a
stockholder
in
Capital
$0.43
<
profit
Earnings
share__
per
stock
;
"Reclassified
tlncludes
for
comparative
incl.
(Not
,
»•!
Pittsburgh
•
.
...
y
and subs, and other street
of Philadelphia Co.)
Rys.
;
com¬
12 Months Ended June 30—
Total
Maint.,
adm.
operating
Provision
for
$
Electricity
and
1943
-
^
65,154,965
Federal
for
resale
Operating
operating
1,760,924
——_
/
deplet.
and
19,736,922
utility
61,645,718
Miscellaneous income-,^——
Bond
income
315,019
and
other
Prov.
other
inc.
Net
1,852,125
for Federal
taxes
on
11,027,170
income.
33,355,343
27,662,800
Divs. of subs,
by
;
to
income
surplus———
Dividends
23,270,767
839
for period
stock—
preferred
on
stock——
common
on
Balance
—'V.
1,188
8,416,852
8,409,848
690
3,049,782
3,524,351
3,225,238
4,673,769
1,143,800
302,083
799,778
307,975
2,973,692
663,107
799,778
599,248
10,677,695
321,758
10,035,168
332,274
17,803,787
661,813
17,710,729
(net)---
income——
10,355,936
9,702,893 .17,141,973
3,980,595
7,847,316
17,054,398
7,740,970
•'
12,522,548
'
Pacific Power & Light Co.
Operating
revenue
1945
Net
Rent
_
reserve
limited
of
appropriations—
term
operating revenues
lease of plant
investments
3.407,480
881,383
806,805
601,763
700,000
700,000
336
$1,958,377
income
z—
and
Net
income
161, p.
int.
Min.
Consol.
Divs.
'
Co.—Hearing Sept. 17—
71,520
82,584
income—
$5,258,169
$4,838,775
$7,510,629
736,710
736,710
1,473,420
300,000
134,670
395
1,038,129
600,000
269,340
790
3,114,388
'
•
"
.■'•"/
■;!■:
Pittsburgh & Lake Erie
other
—
deductions
-c
$2,324,933
1,628,893
1,382,386
t
u:.}-'.;
1941.
See
i
company's
of
its
•
solely
a
cease
$942,547
..
2560.
revenues
oper.
expenses
tax
accruals
also
V.
162, p.
"Railway,
1
to
be
a
holding
operating wholly within Texas and will
The Commission required that the
company.
Net
fixed
charges—
income
——
#I"xS?fp^ofitsnSs_/
^
—V. 162, p.. 499.
»
{
600,000
26$,340
>
790
2,854,855
/</!'
/ / /*■»
>
>
.
,
/
.
$470,113
$3,022,946
3.505
12°'^9
3»374
24 759
0,3.764.87.
^^22,254 "Sel
$391,408
37,277
"
income
Miscellaneous deductions
Total
Texas
nublic utility company
Cr532.815 Cr3,747,704
^25,092
Total
plan to
subsidiary,
cr650.912
881.
Co.—Plan Approved by SEC—
acquire the assets and assume the liabili¬
Public Service Co., and to reclassify its
outstanding preferred stock and its class A and class B common
stocks
into
a
single class of new common stock has been conditionally approved by the Securities and Exchange Commission.
Peoples will change its name to Texas Public Service Co., and become
The
7,672
$2,209,653
'$580,760
oper.
Railway
•• •;
1,47?,420
j.
1945—Month—1944
1945—7 Mos.—l$44
$2,647,745 $3,001,024 $19,382,017 $20,552,732
2,498,221
2,379,878
16,813,192 16,403,335
434,120
686,102
3,461,466 - 4,565,74
Period End. July 3L—
Railway
RR.—Earnings—
.
'$7,537,673
;
—
cumulative
'250.
1,601,875
178,879
82,152
net
162, p.
*:■-./!:
{
•
300,000
$5
cumulative
' 134,670
5%
non-cumulative___
395
Divs. on common stock *• 1,297,661'
—V.
■
1,701,875
subs'.'—--
cumulative
$6
$9,313,427
$$,294,657
•
800,937
pfd. stks.:
on
6%
.
SEC
23,
65^,330
undistrib.
in
of
income
,
/'
800,937
public—
the
by
$3,722,297
$6,130,626
stocks of subs.
on
held
$5,267,679
by the Commission which raises the issue whether voting power is
equitably distributed among the securities holders of Pennsylvania
and with a plan filed by National Power & Light, designed to effectuate
its i dissolution
in compliance with the Commission's order of
ties
/
V.
$4,135,979
1,131,700
the
in
Peoples Light & Power
!
Gross
deduction
4,225,309
deducts.-:
income
income
Divs.
''/""./i"
Aug.
236,163
8,689
:
;
$2,081,098
242,587
„
_r_
income
Net interest
to
242
„
from
Other
—!
Pennsylvania Power &, Light
$7,597,428
3,746,040
664,348
—
—
retirement
Amortization
revenue
income
•
$7,950,484
deductions
—.
taxes
Property
oper.
Net
has set Sept. 17 for a hearing on a plan filed by the
1,645,347
j^ronpahy for adjustment of its capital structure, write-off or other
disposition of items ordered eliminated from its property and other
accounts
by the Federal
Power Commission and the Pennsylvania
P. U. Commission, and refunding of its existing indebtedness.
i
1944 •
The
case
was
consolidated with proceedings previously instituted
Earnings—
revenues
Operating
Other
M
j^rhe
2,337,183
(subs.)
taxes
■
12 Months Ended June 30—
taxes
$4,329,670
1,179,300
$5,508,970
income taxes-
Federal
in
income—.—
'
,
profits
excess
Total
$5,558,387
1,422,408
consolidated returns for interest
and amortization charges of indirect parents in process of reorgan¬
ization—non-recurring.—V. 161, p. 2451.
•';?;V
8,408,422
12,522,548
reduction
of
"Attributable
1,682
12,522,548
835,355
Net
•
22,577,999
161, p. .2451.
Federal
——
income
"Estimated
.
Dividends
income
from
690
345
65,714
$5,692,030
1,362,360
income
deduction
7,897,527,
2,236 1
,
1,535,871
1,956,669
inc.
Other
$5,492,673
100,757
17,880,532
capital stocks held
and minority int. in
public
27,466
254,962
1,140,428
$5,591,273
—
—
7,919,722
2,342
1,980,459
256,809
968,289
-
on
undistributed earnings
——
income
Net
21,775,594
.'''
\
345
inc.)
(subs.)
taxes
State
5,888
taxes
operating revenues
Balance
Net
2,254,900
taxes—
profits tax_
excess
Gross
10,930,166
.
:
1945—12 Mos.—1944
3,970,220
1,212
1,415
(subs.)_
taxes
"Federal
94,942
•
and
disc,
deduct.
capital
51,388,697
12,979,345
int.,
61,960,737
t-. r
if
' fj',
1,551,255
1,705,691
(other than
inc.
Gross
367,317
312,296
68,110,282
■
fixed
of
utility plant acquis, adjts
taxes
Total
Gross
of
51,021,380
<
\
Income
plant
adjustments
Fed.
1,380,957
1,922,541
of
'
19,092,527
67,797,986
railway1 subs.
'■
—
3,976,435
leaseholds-^-
of
Taxes
62,592,813
20,846,241
revenue
\
$32,036,120 $62,030,1441 $62,197,713
11,477,245 22,309,780 23,357,576
1,951,632
3,782,885
3,930,918
11,279,236
expenses-..,-
Amort,
1944
1,498,624
<4
retirement
income
State
Other
Net
Consolidated
Operating ^revenues-.,- $32,398,883
Maintenance
$21,907,788 $21,224,083
7,786,128
7,438,290
1,528,396
1,656,723
;
purchased
gas
income
Federal
$
Other
68,924,318
depreciation
for
Prov.
Amortization
132,706,720
■
1945—6 Mos.—1944
Period End. June 30—
Amort;
1945
revenues
Operating expenses
and
exps.
taxes—
gen.
1944
157,563,545 146,537,605
revenue
and
oper.
1945
S)
operating
of
Statement
"
Gross
•■"
f-
of partially owned
in the 1944 quarter.
§Including in the 1945 six months' period $1,598,000 share of un¬
distributed earnings of partially owned non-consolidated subsidiaries,
as against $1,536,000 in the like period of 1944.—V.
161, p. 2790.
12 Months Ended June 30—
(& Subs.)—Earnings—
$12,275,853
•-
undistributed
Maintenance
Pacific Gas & Electric Co.
2,454,740
49,400
5,563.208
—
162, p. 817.
Retirement
purposes,
53,186
241,015
Philadelphia Co. (& Subs.)—Earnings—
Pennsylvania Electric Co.—Earnings—
adjjustment of charter hire for S.S. Diamond
periods since July, 1942.—V. 161, p. 2336.
$48,572
50,00a
50,000
53,186
z_
Total
—V.
__r_—
124,470
v.___—
233,127
•
•.
—
$5)
(par
surplus
f>?8,926
Cement applying to prior
,
;i
1,950,000
49,400
4,211,279
reserve.-
reserves
reserves
Net
140,000-;,
119,000.
1,155,000
—_
surplus
•
1,053,077
855,099
.
1,038,016
$11,916,914
Miscellaneous
$2.10
the
month?-.,
12
—
Earned
July 1,'44
§$7,895,000
185,809
taxes—
< 1944 >1,172,757
tax
.
Employee retirement
earnings
for
the quarter
non-consolidated subsidiaries, as against $693,000
5,011
$144,458
35,268
j_;
bined
2,000
308
$1,219,195
125,562
196,379
105,248
185,274
:
payable
*
Reserve for possible losses on educational loans
J
6 Months Ended
July 1, '44 June 30, '45
*$4,480,000 *$4,081,000 §$8,487,000
profits
excess
within
payable
Mortgage'
;1
$12,275,853
...
&
payable
.
$11,916,914
$1,147,711
143,697
156,000
111,930
-
Notes
(& Subs.)—Earnings—
June 30,'45
*
earnings
mount's
75,000
"
.
Federal income and excess profits tax 1945
.Notes
the
"On
3,752,136 common shares.
tAfter interest and all charges,
including estimated provision for all Federal normal and excess profits
taxes,
tlncludes
in
the
1945
quarter $759,000
representing Para-
147,000
100,000
$179,726
Profit
t
-186,443
2,522,539
1
(net)—-—___________—._
'
10,295
124
400,832
117,483
2,769,471
577,293
etc
—;
„
239
(net)—
fixed
Federal
59,361
——____
investments,
deferred charges
f Est.
to
-^—3 Months Ended—r*
-
"Earnings per share___
$413,883
36,206
1
<net)____
proxits tax
!_
:
Minority share Pacific Coast Cement Corp.__
(
t$2,595,705
$280,972
.____
other
""$2,405,486
—_
trade
miscellaneous-—
Dividends payable July 2
;
Salary and wages due and accrued
Accrued taxes, including State income
i
$6,762,233; advances by customer under
$35,000,000;/; reserve
States
for
reserves
293,649
61,920
10,260
notes
bonds
;
loans,
Liabilities—
*■
$2,123,821
42,089
1,639,138
107,750
4,711,841
.
Total
rights, privileges, franchises and
and other expenses, $378,645; total,
1944
43,866
1,360,102
109,585
4,601,527
283,362
savings
savings
banks
assets
30
'.:;.!/// 1945
$2,159,776
,
_
transit
in
Goodwill
earnings
Feriod—
de¬
•' Excess
.
1944
•
—
tax
&
Total
i
$4,802,501;
rev¬
operations
sold,
profit
'Bond
and*
merchandise
C
bonds
Total
$25,869,726;
investments
$6,649,013;
v-
'
.(net)
inventories
closed
in
Total
!
'
employee
*
of
enues
;
490,948
$0.77
June
Sheet,
Balance
of supplies
deposits ___i
Inventory
$21,732,950;
post-war
series
Treas.
S.
Merchandise
$28,024.-
reserves),
company
S.
Merchandise
.'Capital
(& Subs.)—Earnings—
$57,724
490,948
: $0.97
payable,
$138,397,401.—V.
Pacific Coast Co.
$157,577
490,948
$0.92
$1.24
Z.
U.
1945
'
1
"
receivable
Accounts
renegotiation of war con¬
tracts (est/, $18,625,970/reserve for contingencies and post-war ad¬
justments, $4,250,000; capital stock (15,000,000 shares, no par), $30,000,000; capital surplus, $12,016,721; earned surplus, $11,935,499; total,
.
$131,280
390,000
payable,
United
read¬
$390,000
cash
Total
restricted
$30,552,894; U. S. and
cost, not over market,
amortized
notes
under
of $4,552,090),
contracts,
'* $954,687
t$1.60
.319,116
Consolidated
*
i
(including $13,062,771
receivable
count, product warranty, etc.,
present capitalization.—
on
tax
cost,
$376,840
319,116
/
share
per
Accounts
holding
356.
p.
fees
$476,693
319,116
-
—
Earnings
Accounts
from
600,000
175,000
aircraft
said
He
contracts);
at
$194,962;
cost,
$138,397,401.
$1,554,687
*
for
securities
Liabilities—Accounts
$283,218
1946."
subsid:ary
English
at
financial
with
Sheet, June 30,
hand
Government
below
or
$450,396
312,000
Shs. of com. stk. outstdg.
to
(est.),
for
reserve
Surplus
production .this
U.
inventions, $1; prepaid insurance
special
reserve
justments
car
according
company's
late
on
$482,667
—-
dividends
preciation
'
Net, profit
Earnings per
now
the
Balance
notes
and
at
profit
$5,065,350;
land, at cost, $6,359,785; buildings, plant
equipment, etc. (after reserves for depreciation and amortization of
$12,432,629), $8,058,479; distribution properties (after reserves for de¬
736,500
tax
Net profit bef.
for
schedule,
and its expansion to
totals 78%
of the enlarged
unchanged,
into
banks and
and
cost6
inventories
.
134,815
224,000
taxes
that
Government
S.
accounts
370;
$7,462,501
69,028
profits
"•Special
TJ.
unbilled
$1,064,545
income
facilities
$490,000,000.
performing
advances
income
adian
field
virtually
Government
$696,367;
Fed., Wisconsin & Can-
.
in
use
Canadian
amortization
Other income
at
Assets—Cash in
selling]
admin.
&
stated
and
Consolidated
sold,
„
plus shipping,
stood
1945—9 Mos.—1944
$10,337,116 $22,490,990 $26,219,256
Net
Common
war¬
a
.
annually
cars
scheduled
orders
books
Period End. June 30—
"strong
; engine
Earnings—
Cost
and
is
-J"';r'
Mr.
,
owners."
plant
200,000
view it
we
quota.
mained
Net
us,
to war work, is proceeding
Recontracting of the dealer body
.merchandise
2224.
p.
of
consequent loss to
addition
in
said.
he
$5,878,053
$0.63
j.___
_,
common
Packard
to
Reconversion
30,000
Fall,
Earnings
parts and
car
on
24'75a
*'■'23
670
$350,626
$366,729
$2,278,880 ;$2,558,133
$242,721
$540,929
$2,128,808
$3,580,052
THE
.992
Corp.—Report—
Petroleum and Trading
The
quotations of securities held and original cost
royalty interests owned (but before reserve for
was
equivalent to $25.09 per • share after
1945,
based on market
(less
depletion)
"
period.: This
the close of
dividend of 40 cents per share during the
with net asset value of $22.87 per share at
of
payment
compares
,
of
-taxes)
income
Federal
.
outstanding as of June 30,
the class A stock
asset value of
net
posal of all its gas and water "properties (in Indiana) and Its ibe
property at Sheridan, Ind.
The money from the sale of bonds, with other funds, will be used
to redeem old bonds and prepay unsecured notes.
^,;The money* exclusive of accrued dividends, received from the stock
sale, will be applied, with any needed money from company funds,
toward the redemption of the 148,185 shares of preferred stock at 105.
—v.
162,
607.
p.
"1544, after Federal Income taxes.
'1943
1945
Oil
and
1944
$45,047
int. on bonds..
Cash dividends and
$40,187
$40,242
6,435
7,331
5,415
$52,082
$47,518
$45,656
royalties (less deplet.)
gas
Potomac Electric Power. Co*
June 30 (& sub.)
for Six Months Soiled
Incomer Statement
——-—
'
Total
operating revenue——...—1
Operating expenses
and
Federal,
State
and
city
8,938
7,380
6,967
1,179
taxes
2,659
4,065
^
—
Provision
for
income
Provision
for
2,242,379
depreciation—....
taxes...
*
....
A.
before
sales
from
2,512,167
$41,965
$37,479
$34,625
34,885
98,218
9,000
"45,072
$76,850
$126,698
42,591
operating revenue
Total non-operating revenue—
37,267
income
Gross
Total
*
for
income
Net
Dividends
period.—
class A stock—
paid on
"Loss..
are
Court
Philadelphia.
at
the
cost,
business to any one of several possible purchasers and
engaging in controversy about Pullman service under wartime
conditions."—V. 162, p. 817.
*
at Dec.
and
$113,648,
carried
31,
No
(2)
for
reserve
the companies
by
Federal
1945
this
at
established
has been
taxes
time.
and
gas
of
basis,
and
State
cumula¬
class B
$2,263,owned at
participating preferred class 4 stock ($5 par), $532,390;
common stock
(10,000 shares no par), $7,500; capital surplus,
tive
1S4;
expenses
389,455
other
deficit
operating
total,
cost), $245,721;
valuation of securities
$12,561,682,—V. 162, p. 881.
(based
than
Federal
Net
1945—12 Mos.—1944
$9,887,781
5,124,34 1
$9,903,918
5,320,105
99,452
146,700
94,600
income
income (net)
$179,522
$174,099
$2,220,479
Or 74
$2,179,176
2,274
7,442
$174,025
$2,227,921
17
64,649
66,702
807,064
$114,890
$107,323
$1,420,857'
on
income^
Pfd,
div.
—V.
55,816
669,797
708,367
162, p. 395.
requirements.
week
1 of
ended
25,
kwh., or
Aug.
5,087,000
week of 1944.—V.
•;
162,
Operating
....
314,297
388,903
336,505
409,908
General
taxes
income
'
July—>
Net
*
5
ry.
railway
railway
from
Net
income
oper.
1944
1945
$130,142
28,112
19,217
from
profits
1943
15,480
50,946
$107,259
34,533
12,299
30,710
30,507
/
Net
from
Gross
from
-Net
ry.
863,121
899,092
818,790
Other
198.431
141.432
248,442
145,656
215,838
162,165
income.—
Net
-V.
from
Net
ry,
railway
railway
from
1943
1942
$705,113
$590,938
from
Gross
Net
184,797
239,678
209,633
126,995
157,891
ry.
income...
oper.
and
Cost
1,309,419
959,384
Co.
(&
operating
Selling,
Subs.)—Earnings—
for
19,114
decrease
a
company
administrative
expenses—
debts
profit
17,621,490
1,279,900
29,138
$667,412
$637,107
$2,920,505
$2,837,881
$439,167
$412,790
$1,963,489
of
of
the
operating
7,8%.—V.
162,
companies
served
this corpora¬
by
881.
p.
162, p. 680.
Profit
802,754
10,(513,768
10,145,414
—
166,099
142,079
1,751,509
134,494
126,113
1,599,580
taxes..
363,947
275,227
4,115,103
oper,
242.897
2,998,970
of
Other
income
tions
$502,859
$497,373
Balance
Reduction
1,324
120,152
sub.
from
2,289,758
$1,696,621
77,546
prof,
exc.
$302,662
D
$1,774,167
131,370
477,741
Prior
amortization
337,033
272,521
—V.
604,422
$4,110,544
$4,127,922
co
148,129
10,791
$587,313
$1.33
depletion
Federal
for
for
and
$0.75
and State
income taxes..
minority stockholders—
.*
income
Net
Earnings
per
—V.
p.
162.
$305,874
share
15,
—_
591,880
$389,203
$4,702,424
$5,343,227
687.500
talling
totals
c
and
company
$7,500,000
since
$20,000,000,
it
subsidiaries
V-J
on
have
Present
for the
locomotives,
announced
was
Day.
principally
uding freight cars,
ment,
V.
its
backlog
company's
and
pumps,
Aug.
received
29
by
cancellations
of
unfilled
regular
chemical
T.
M.
to¬
orders
products
in-
equip¬
President.—
process
Evans,
162, p. 817.
Portland Gas & Coke
Co.—Earnings—
12 Months Ended June 30—
Operating
Total
1945
operating
revenue
1944
$5,852,831
revenues..
$5,532,487
deductions
4,488,234
4,085,230
.
Net
operating
^
income
revenues..
*
:
,.
interest,
etc.,
$1,447,257
203
Gross income——
Net
$1,364,597
(net)
-
962
$1,364,800
$1,448,217
470,503
deductions—
469,910
-^161^2665"—
$894,297
$978,307
Portland General Electric
Gross
Total
operating
operating
revenues.
and
exps,
1945
:t
1944
The
investment
banking
firm
Otis
of
in
Co.,
&
association
with
R.
Young,
Allan P. Kirby and
other business leaders, on
27 filed with the Federal Court in Philadelphia, composed of
Judge E'iggs, Judge Goodrich and Judge Maris, a proposal to pur¬
chase the entire sleeping car facilities of Pullman Inc. at a price of
approximately $75,000,000.
This proposal follows 2Vz years of futile
negotiations for sale between the Pullman interests and the railroads
since the entry of the Court's decree in the Government's anti-trust
suit directing Pullman Inc. to separate its sleeping car business from
its manufacturing business.
In its proposal; this business group commits itself to a vast expan¬
sion of the railway sleeping car service which will enable the railroads
to meet the competitive challenge of other forms of transportation,
notably air transport, and to develop the hitherto untouched travel
market composed of persons of modest means.
The highlights of the
proposal are
The
taxes
facturers
the
Total
earnings
other
$5,951,106
$4,922,939
263,915
„—....
income—
Total
earnings
income
Normal
Excess
income
profits
$6,215,021
—V.
agencies,
surtax...
(3)
p,
and
of Indiana, Inc.
railroad
heads
car
—
Registers With
SEC—
obsolete
The
fop
on
Aug.
24
filed
with
the
SEC
registration statement
$48,000,000 of series F first mortgage bonds due 1975 and 150,000
shares
($100
securities
is
in
par)
cumulative
preferred
conjunction with
the
now
stock.
The
sale
of
the
the dis¬
cars
and
national
present
advertising,
demand,
new
in
are
now,
1944
1943
$9,946,057 $10,269,053
net
1942
$3,484,883
7,831,000
5,612,600
6,364,200
1,346,000
2,300,985
2,219,854
1,998,505
1,382,000
$2,851,491
$2.65
$2,113,603
$1.93
$1,906,348
$1.73
$756,884
$0.61
taxes.
—
—
profit
share
stock outstanding.—V. 162, p. 882.
(& Subs.)-^Earnings—
contracts
and
Gross
service
for
the
$35,000,000 for
being
with
the
group
view
new
on
of
lightweight
Aug.
29
drawing
to
new
staff
conferences
contracts
the
furnished
chief
executive
officers
of
depl. &
amort.
5,305,535
losses & aband.
1,730,948
4,342,673
3,576,963
1.196,941
4,286,341
3.323,423
590.635
5,040,104
3,218,003
516,140
$6,491,759
28,900
$5,551,931
46,751
$3,737,277
8,091
$1,793,362
$6,520,659
$5,598,682
$3,745,368
$1,839,355
80,113
121,940
4,801,729
Gross
Total
Int.
the
as
desire
of
Dec.
of
our
present ownership of the
inconvenience
seek
to
confer
to
the
with your
31,
to
Pullman
Co.
employees
or
income
notes
on
—
Prov.
3,600,000
2,150,000
575,000
125,000
250,000
—-—
______
$2,406,186
$0.60
$1,710,079
$0.43
contingencies
profit
Earns,
per
share.
com.
"Includes
estimated
for
provision
excess
*
i4o.
P.
Net
from
ry.
$3,267,873
1,039.173
1,684,641
716,555 "•
277,173
$3,284,309
$2,423,316
2,034.922
1,450.311
338,862
78,507
22,597,649
12,245,064
2,000,482
21,684,725
14,665,033
13,006,653
8,079,829
2,372,946
1,760,323
$2,605,896
railway
railway—_~
income—
oper.
pick
up
leaves
the
this
off,
public,
service
where
the
with no interruption
and to that end we
representative at the earliest possible
1942
1943
1944
1945
July—
from
$1,515,255 $1,118,478
$0.38
$0.28
profits taxes.—V. 162,
* '
Fredericksburg & Potomac RR.—Earnings
Richmond
Gross
23,937
;>*
—
3,900,000
—
for
Net
—<
Federal
for
prov.
taxes
38,603
89,473
discount
deb.
of
45,993
and
pay.
advances
Amort,
From Jan. 1—
Gross
from
Net
from
Net
ry.
—V.
railway-
9,682,066
railway
oper.
162,
20,659,773
p.
1,899,461
income—
608.
0
Richmond Radiator Co. (&
"Net
profit
tEarns.
per
*
com.
moment
1942
1944
$26,647
t$139,912
tS42,871
Nil
share
SO.20
$0.06
"After
charges and taxes.
tOn 692,425 shares.
558.
Subs.)—Earnings
1945
$262,912
JS0.38
—
1943
1945 period amounted to $109,-
Taxes in
shares of common
additional shares
consolidated net earnings
tCompany offered stockholders 333,333 additional
issuable about July 10, 1945. Including these
stock
1945.
group
(net)
inc.
6 Mos. End. June 30—
companies
contract with
sleeping car service under
Co., which operates the business for the parent company, and
Pullman committee of the regional railroad presidents'
contracts
profit
Non-oper.
with
special
is
$48,087,379 $36,656,014 $30,924,964 $24,483,930
29,757,408
21,987,506
18,987,283
13,916,321
Deprec.,
covering
railroad
with
*.
Dry hole
•
>
revenue
Cost of sales & service-
$36,432,858 $30,433,210 $24,096,472
223,156
491,754
387,458
to
cars.
sought
up
176,715
revenue
oper.
Net
in hand.
continuous
employment
m
1942
1943
1944
1945
Sell., admin. & gen. exp.
not
experimentation
will go hand
progress,
service.
telegrams
the
"It
or
2474
emerg.
war
per
an
conferences, the group called attention to the fact that the railroads
already have received from Pullman notice of termination of present
a
company's program for
the
Young-Kirby-Otis
service
Company
industry is thus on
important contri¬
new
make
create jobs
engaged in the present sleeping car business are assured.
Young said the $75,000,000 offer to Pullman represented $5,000,laundry facilities, $15,000,000 for supplies, $20,000,000 for
Pullman
Co.
will
It will
for
sleeping
$1,518,542
by
activities
under
40oi400
395.
Service
these
604,000
$1,798,639
___
A great
which
reconversion.
labor
Mr.
to
Public
While
railroads
544,937
—
$500,000,000.
development
promotion
J 1,381,101
and
income———.
162,
of
post-war
2,490,344
tax
pp.
Subs.)—Earnings—
gasoline & oil taxes.. $47,910,664
Other
modern
In
Net
to
of
excess
$5,161,424
2,638,482
————————
deductions...
tax
in
supplying equipment for
238,485
—
158,
Sales, excl. State & Fed.
"Est.
only in
car
manufacturing but in the metallurgical and supply industries.
(2) In addition to meeting: the immediate needs of the railroads
000
Total net
above.—V.
and
6 Mos. End. June 30—
present
threshold
bution
the
.Net
follows:
as
obsolete fleet of about 6,250 heavweight Pullman
cars
will
be
replaced with the most modern fleet of sleeping cars
and observation cars that competitive engineering brains and manu¬
facturing facilities can produce.
This means business for car manu¬
of
$14,639,107 $12,956,959
8,688,001
8,034,020
——
gen.
.
Inc.,
1945
Richfield Oil Corp.
sleeping car service, the proposal sets forth plans which
will promote the undeveloped market in rail passenger travel.
In the
development of this market the organization of a nation-wide network
Co.—Earnings—
(Del.)—Proposed Merger—
Industries,
162, p. 881.
Inc.—$75,000,000 Bid For Sleeping Car Fa¬
cilities by Young-Kirby-Otis Group—
for
12 Months Ended June 30—
Nil
1,023,662 shares of common
"On
Pullman
(1)
Other
=>$15,931
$0.22
2488.
lilm
inc.
profits
of
=>Earns.
653.125
Robert
(H. K.) Porter Co., Inc., Pittsburgh—Unfilled Orders*
$79,926
$0.12
1,215,305
•Aug.
This
$47,932
$0.44
taxes $12,983,476
bef.
Fed.
for
excess
preference dividends paid—
16,737
$142,235
share
161, p.
earns,
facilities
♦
86,541
38,837
23,314
Con sol:idated
Prov.
425,800
$925,292
preciation,
P: ovision
Provlvsioh
Balance
$2,146,246
*
67,089
45,367
38,679
profit
6 Mos. End. June 30—
'
credit-
tax
123,864
1674,
Amort,
of
134,315
Reynolds Metals Co. (&
2,413.286
resulting
"carry-over"
153,539
Republic Pictures Corp.
Federal
of
148,358
profit
See
26,358
193.387
$305,874
—
tax
$230,597
34,265
Cons,
92,557
$283,201
$6,567,566
$6,520,454
193,966
•
6,232
$240,149
1,535,774
3,019
amort-
$224,364
7,942
—
in
"Loss.—V.
deduc¬
(net).*—.,
$275,260
9,604
——
int.
Earnings per
2,881,604
revenues-
$230,546
16,481
279
amort.
Net
and
Net
174,580
*—
income
and
2,902,341
262,816
*
$398,944
197,189
(net of other
Abandonments
1,764,033
—
$472,449
317,881
$308,377
-
$548,427
for deplet., deprec.
Prov.
1945—12 Mos.—1944
$2,086,443 $27,599,384 $25,796,732
883,489
«
__i_—
$564,727
256,350
$324,858
—
Total
1942:
1943
ly44
1945
6 Mos. End. June 30—
Operating revenue
*
Oper. and gen. exps—*
Taxes
-1945—Month—1944
$2,313,704
revenues-
income
236,145
345,350
___
company
stockholders, and the identity of selling stockholders; the
control of the company, their stock holdings in
and the manner in which such persons acquired control,
Other inc.
ended Aug. 25,
1945, totaled 176,567,000 kwh„ as
191,606,000 kwh. for the corresponding week last year,
taxes..
160,948
$1,800,897
deductions
29
Aug.
the
against
Republic Petroleum Co. (& Subs.)—Earnings—
Consol.
Other
Instituted—
Oil Co.—Stop Crder
announced
SEC
company
—V.
Puget Sound Power & Light Co. (& Subs.)—Earns.—
256,557
income
share
financing.
161, p. 2792.
selling
by
$1,912,836
$2,025,322
$2,218,401
_
7.1Uj£umulative preferred stock at $110 a
This retirement will be effected without new
Identity of persons in
925,045
Period End. June 30-r
Operating
Operation
Other
1944
18,852,201
1,553,514
15,312
__
redemption on Nov. 1 all of its
Aug. 27 called for
on
outstanding
Minority
income
# "'Otal income
Redeem
10,971,991
that stop-order proceedings had been
to determine whether its registration
statement filed 011 May 31 covering 990,793 shares
($1 par) common
stock should be "denied effectiveness and the securities involved barred
from sale in interstate commerce or through the mails.
Most of the items
in the registration statement are challenged by
the Commission as to accuracy and completeness. Among these are the
actual number and identity of shares to be offered by the issuer and
8,414
957,017
$22,639,429 $20,955,351
Operating profit
Frjperty, franchise and other taxes...
Federal and State payroll taxes...
Other
of Illinois—To
Co.
Manufacturing
Red Bank
week
Interest and
Operating
1,459
224,317
output
the
Federal
1945
revenues
and
bad
for
4,864
income
Maintenance
„
general
Provision
923,337
162, p. 607.
sales.
of
22,674,515
11,240,370
20,742,428
8,728,180
dividends.
—V,
$2,829,467
161, p. 2665.
tion
3,549,302
1,194,207
4,722,178
1,781,793
1,101,383
4,209,772
6 Months Ended June 30—
S2les
2,633,970
$2,901,392
228,245
income
Depreciation
Pittston
f
2,509,306
$635,647
deduct.
141,268
,
4,540,457
1,541,022
945,131
railway..._
railway
"Deficit.—V,
1
595,184
$662,548
(net)—_
compared with
From Jan. 1—
~l4et from
The
and
the
573,000
other
Electric
1944
"257,698
income—
oper,
21,583.146
8,278,199
—
income...
p. 499.
Reliance
Public Utility Engineering & Service Corp.—Output-
$641,979
1945
$533,450
78,303
July—
Net
67,131,733
18,749,662
railway
expense)
Pittsburgh & West Virginia Ry.—Earnings—
Gross
1,940,798
57,370,791
7% Preferred Stock—
258,276
: —V, 162, p. 607.
$
339,328
•
income
income
Gross
699,539
214,449
railway
railway—
oper,
exc.
taxes
operating
Interest &
From Jan. 1—
"Net
1,288,395
66,947,471
1942
$140,907
'
$118,673
&
4,781,931
1,169,357
1,592,919
1,344,887
4,869,685
1,362,557
1,559,840
1,345,805
1,092,635
331,838
Federal
Gross
$3,387,000 $14,548,586 $14,352,531
Maintenance
Pittsburg & Shawmut RR.- -Earnings.
1945—12 Mos.—1944
1945—3 Mos.—1944
$3,433,040
1,140,246
revenues
Operation
Depreciation
881.
p.
1,114,169
68,024,020
railway
162,
The
Public Service Co. of Oklahoma—Earnings—
and
company
1,197,630
oper.
instituted
Period End. June 30—
its subsidiaries for the
1945, amounted to 119,397,000 kwh., a decrease
4.1%, when compared with the corresponding
the
for
output
—V.
$1,344,607
55,816
deductions
Net
Philadelphia Electric Co.—Weekly Output—
electric
ry.
$672,300
$2,181,450
836,843
$179,539
'
The
from
Net
"
income
Gross
2,563,640
1,162,937
1,211,861
1,331,100
oper.
Non-oper.
Net
1,241,700
108,463
on
3,564,975
Fed.
inc.—
taxes
2,965,422
$8,916,703
income—
oper.
from
Gross
Operating
$9,500,466
3.344,138
$9,484,533
railway-
from
ry.
1942
1943
1944
1945
$9,562,598
railway
from
$1.25
$4,319;
taxes,
Earnings—
Reading Co.
Gross
From Jan. 1—
$796,523
428,372
$824,140
Total
Federal
Liabilities—Accrued
r
■
Hampshire—Earnings—
1945—Month—1944
31—
revenues
$43,658),
$2,561,682.
with
not
Net
•income
and accrued interest receivable, $5,559; investment in oil
royalty interests—at cost (less reserve for depletion, cost
$90,403; prepaid State franchise taxes, $51; total,
royalties,
•
$3,923,137
2039.
D.
Operating
Taxes,
Balance Sheet, June 30, 1945
{ Consolidated
/
income
Assets—Cash, $52,267; marketable securities, at cost (quoted market
H value at June 30, 1945, $2,527,050), $2,413,402; dividends,' oil and gas
<■
161.
Period Ended July
$87,804.
by
..
.
Public Service Co. of New
'
-
1,299,514
$3,666,730
....
car
Net
market value of marketable securities exin the balance sheet at June 30, 1945, by
1944, cost exceeded the quoted market value
quoted
as
deductions
income
negotiating the sale of the Pullman
••Pullman, Inc., Is concerned with
$5,234,453
1,311,316
$4,966,244
—
and The Pullmap Co., told
the future handling of the
Inc.,
car business from that of its manufacturing sub7
Pullman-Standard Car Manufacturing Co.
not in a position at this time," Mr. Crawford said in a
statement, "to announce decisions because any action on the several
proposals for purchase of The Pullman Co. which have been made
01*
which may be made necessarily -must await presentation to the
"We
July—
Net
—v;
.
The
Notes—(1)
: ceeded
30,196
....
Pullman
Aug. 29 that he desired to see
group on
at the earliest possible moment.
Mr. Crawford said he is discussing with principals of the Youngs
Otis & Co. buying group and with "other interested parties" proposals
that have been made for purchasfe of The Pullman Co.
Under the de¬
cree entered In the Federal Court at Philadelphia.
Pullman, Inc., must
"$10,447
42,591
sales of securities..
royalty written off—.
profit from
and gas
Oil
$5,204,656
29,797
$4,936,048
Net
securities
of
Net
profit
of
David
sleeping car business determined
sleeping
Income
also
President
Crawford,
needs
telegram
the
executives
Railroad
the
contract which will adequately meet the
said.
were informed in the telegram that
new
a
future."
the
of
sidiary,
1,605,989
2,232,251
2,604,503
1,657,134
taxes..
looking toward
separate its sleeping
1944
1945
$22,793,539 $22,611,106
9,666,790
10,206,120
1,296,918
1,239,691
*
-
Taxes, other than income
.
admin, expenses.—
General
.
-Earnings—
12 Months Ended June 30—
Maintenance
income
Total
Monday, September 3, 1945
COlWgWTERCIAL & FINANCIAL CHRONICLE
in
for
computing
the
1,025,758
six
the
per
months
shares.—V.
of
share
1945
161,
p.
earnings,
equal
are
the
to
25.6
cents
2792.
(Continued
on
per
•
page
1028)
share
on
.
*
Volume 162
THE COMMERCIAL & FINANCIAL
Number 4417
Stock and Bond Sales
777flll|l71 DAILY
New York Stock Exchange
«»
WEEKLY
-
United States Government Securities
furnish
we
daily record of the transactions in Treasury and
a
Figures after decimal point represent one or more
week.
Aug. 27
Aug. 25
Dally Record of U* 8* Bond Prices
fr
Aug. 28
4y«0, 1947-52
ark ^
the New
on
Home Owners' Loan
bonds
coupon
the New York Stock Exchange during the current
on
32d of a point
}'< Aug. 29
Aug. 30
*
Aug. 31
i; Daily Becord of C. 8. Bond Prices
( High
( Low
Treasury
1
YEARLY
-
disregarded In the day's range, unless they are the only transactions of the day. No account is taken of such sales in computing the range for the year.
NOTICE—cash and deferred deliTery saiee are
Below
993
CHRONICLE
Treasury
2
(High
Vis, 1966-71
(
$1,000 units
—
2
[Close
SVfcs, 1946-49—
■
■
■
■■■■■■
,
Holiday
r
Total sales in
2Vis,
, „■
Sept.,
sales in
Low
(Iclow
Total sales in
flight i
f
3s, 1946-48-—
[close
\ LOW
[Close
38, 1951-55—.—
i
,
2%S
1956-59
Total sales in $1,000
units
108.27
| High
Total sales
.
in
[Close
units
—
-
100.21
.1
___
'
:1
—
___
—— ■
*
—
«
—
7V
—
7
.—
—
.—
—
100.21
100.21
10
—
•
___
:
100.21
-■
i——
— •
-
-•
,
—
-
—_
*
—
2s,
(High
( Low
(Close
sales in
Low
105.19
105.21
105.19
[Close
105.21
—
—
—
—
$1,000 units
Total sales In
2s,
ZI
—
—
102.27
___
'
] Low
[close
$1,000 units
101.31
102
101.31
102
102.1
101.31
102
Total sales in $1,000 units
102.1
-{ Low
I Close
units
102.1
sales
Total
(Hleb
Low
(Close
I%s
units
(High
[ Low
101.20
aol.8
101.8
101.17
(Close
101.20
(High
[ Low
101.14
101.14
101.14
101.12
|cLow
sales in $1,000
101.12
[Close
101.8
2
in $1,000 units
Total sales in $1,000
♦Odd
sales.
lot
—
—
.
102.27
1
.
—
.
<
—
—
—
—
—
''
*
—
—
—
*
—
—
...
—
—
—
7v
—
101.5
101.5
—
—
—
—
—
1
—
101.5
(Close
6
—
—
[Low
101.12
2
—
units—
•
*
(High
1%S, 1950
101.17
5
:
^
.f.'r—
in $1,000 units
1948
Total
101.17
101.20
I High
1953-55
(Close
2
5
2
.
—-
—
.
2s
•
.
77
—
—-
102.27
102.27
—
—
—
___
7
—
";;7
,
—_
—
—
( Low
177.
7 --
102.27
—
—
--77
V
-
102.27
1<>
—
'
—
—
—
•
[Close
(High
7'
—
7.: '—
—
—
—
—
1952-54
Dec.,
—
—
—
—
—
(High
( Low
(Close
Total sales in $1,000 units——
2%s, 1962-67—
—
;
—
Low
—
^
—
(High
Holiday
—
—
—
—
—
77.
r High
;•
—
—
—ll-v-.—
' 1 .
—
•
—
—
1952-54
2s, June,
[close
—
/— 7
,
ZI
" f
—
—
—
—
ZI
'
;
—
—
—
—
Close
(High
:.( Low
'
—
—
—
sales in $1,000 units
Total
—
1'-
—
♦
Holiday
1951-55
2s.
1
25
in $1,000 units
Total sales in
105.21
105.19
(High
[ Low
1965-70—
—"
—
ZI
ZI
—
(High
(Close
Total sales in $1,000 units—
—
—
—
—
—
( Low
[Close
2s, 1951-1953
Total sales In $1,000 units
*
1
ZI
sales in $1,000 units
Total
—(
71'
[Low
1950-1952
Sept.,
2s,
( Low
2%S, 1963-1968.
ZI
r| j''
—
(High
Total sales in $1,000 units
■
(High
[Close
2%S, 1952-54
• ;
—
—
—
•. • •
jjlow ZI
March, 1950-1952
2o,
Total sales in $1,000 units
%s, 1950-52—_ *
—
IZ
,
—.
—
—
—
( Low
$1,000 units—J*.
(High
[
IZ
".
,
i:':
7
'-1
Total sales in $1,000 units
2%s, 1949-53
!
v
—
i
1949-1951
Dec.,
Total
1948
—
(Close
1
[Close
i t
'
■
—
7
Total sales in $1,000 units
Total sales In $1,000 units
2%S
IZ
-
—
—.
(Low
2s, Sept., 1949-1951
Total sales In $1,000 units
Total sales
•
•"
—
i;
—
—
(High
Low
(High
( Low
1964- ■1969
-
—
[Close
.
2%s, Dec.,
ZI
-—
J IZ
IZ
—
—
( Low 1
2s,'June, 1949-1951...
Total sales In $1,000 units
Total sales in $1,000
IZ
IZ >7' ZI
—
(High
]
Total sales in $1,000
-
—
J^Low IZ
Total sales in $1,000
2%s, 1960-65
2%s, June, 1964- ■1969
—
r
—
—
Total sales in $1,000 units
(Hign
( Low
2%8, 1956-58
- ,
—
;
—
—
,
( Low
$1,000 units
«S, Dec. 1948-50
Total sales In $1,000 units
Total sales
IZ
—
—
2s, March 1948-50
10
]—
Total sales In $1,000 units
2
,
—
units
108.27
[Close
2%s,
—
IZ
(Low
Total sales in $1,000
—
[Close
;«
,
III
100.21 •
100.21 '
—
•
20
1
—li.i li/i—
7 fy
—
—
1947
2s,
(High
-1 Low
1945
104.20
104.20
3 ■
-
108.27
Total sales in $1,000 units
2%s,
/—
—
7
■
;
(High
Low
■
2%s, 1958-63—
O
104.20
,
IZ
___
(Close
AHigb
2%S, 1956-59
100.26
100.26
100.26
—
—
103.29 *1
103.29
[Low
2%s, 1959-62
Total sales In $1,000 units
v;
—
s
___
—
V— ';"
*
[Close
103.29
units—.——♦2(4
[Close
■V",
ZI
—
(High
—
2%s, 1951-54—
—
(High
[ Low
Total sales In $1,000
Total sales In $1,000 units
[
IZ
|P IZ
—.
( Low
[Close
2%s, 1948-51—
IZ
•
.
,
<
—
$1,000 units
'
(High
2%s, 1945-47—
—
„
—
35
'
—
•ViS. 1954-56
Total sales in
I Close
—
I—
,
$1,000 units
-
„
(High
( Low
Total sales in $1,000 units
—
v
t
:
Total sales In $1,000 units
2%s, 1955-60—
—
—
^Low
1
Total sales in
—
—
Holiday
$1,000 units
ayes, 1952-55
HZ
Total sales In $1,000 units
-i.i, =v. >:V (.High
—
—
—
2(4s, 1951-53
,
[Close
Total sales In $1,000 units
■
$1,000 units
(High
„[
:;
—
—
—
High
-{Low
tClose:.
1967-72
:
Total
'
,
•
—-
I
Total sales In $1,000 units
SHs, 1949-52—
—
$1,000 units
___
[Close'
7:17'i
___
—
[Low
%s, June 1967-72
(Close
Total sales In $1,000 units
■
101.8
101.8
5
100.22
100.22
100.22
1
104.19
104.19
104.19
31^
101.8
101.9
101.9
3
(High
Low
(High
{ Low
101.10
—
[Close
Total sales in
(High
Aug. 30 1 Aug.
Aug. 29
Aug. 28
Aug. 27
( Low
[Close
Total sales In $1,000 units
1%S, 1946-56
Aug. 25
—
,11; 7
'v
—
—
—
1
units
^Transaction of registered bond.
*iy2
NEW YORK STOCK RECORD
LOW AND
Saturday
Monday
Aug. 25
Aug. 27
S per snare
HIGH
Tuesday
7
$ per share
67V*
671/4
*66%
112%
*111%
112%
75
*73
per
*111%
■
75
t per
thare
68
*67%
*111%
112
75
75
*73%
14%
14% 7-
14%
15
14%
28%
29
29
29 11
15%
*'77'
15%
15%
40%
40%
15%
15%
39
40 7
;
-
15%
40
40
28 71
27%
27%
27%
27%
44%
44%
45%
44%
45
1
*27%
44
112
*108
♦108
28%
112
*108
112
6%
7
7
7
4%
4%
4%
4%
4%
4%
4%
48
48%
47%
49if
48%
46%
63
63
> ■46%
>62
32%
♦95%
18%
♦16%
28%
For footnotes
see
32%
.
18%
168%
166
*62
33%
98
*95%
*18
168%
64
,
93
64%
V:;1;
18%
168% :7
1
7
4%
47%
63
18%
17%
*16%
17»/4
29%
29%
29%
166
40
166
7
4%
47%
7,800
7%
4%
48%
19,200
6,000
200
63
63
7,600
33 %
33%
*96
7 93
18%
168
18%
15
9% Jan
25% Apr
2
23
60
—
13% Mar 26
1
Par
No
32% Jan
24
7
1,100
1,600
168 %
*16%
17%
17'A
17%
,'Y-r
29%
29%
29%
29%
.1"
800
2,900
May
Jun
5
15
75
Aug 31
16% May 19
98% Jan
22
2
24
120
A'.leg & West Ry 6% gta;
Allen Industries Inc
Allied Chemical & Dye
91
"
No
Allied Kid Co
Allied Mills Co Inc
28% Jan
-100
1
No
par
5
par
Jan
Jan
13 % Jan
153 % Mar
157/a Jan
27"% Aug
14~
Dec
24%
Apr 24
July 10
8 %Jun
5% Jun
21
11
21
Jan
.
33
_100
Vicksburg Ry
-10
Juneau Gold Min
,__1
Allegheny Corp__.
.100
5% % pf A with $30 war
$2.50 prior conv preferred-No par
Alghny Lud Stl Corp
No par
56
Dec
.
Jan
30% May 19
22
23
24
11
2
26
2
21
10%
8% Aug
Jan
49
34% Jan
Dec
10%
2
2% Jan
64
19%
6
6% Jan
Jun
Jan
47
26%
39% Jan
Jun
11-4
27
16% Jun
22 % Apr
Alaska
share
64%
Feb
108% Nov
40% Aug 29
—10
Corp
Inc.
9 per
f per share
52%
Highest
.
29% Aug 31
—No par
Air Reduction
Alabama &
112
*108
Express
Corp
Adams-Millis
Address-Mutigr
Jan
2.50
Co
Steel Co—
400
200
*18%
17%
Adams
Motors
—10
No par
Abraham & Straus
5,600
9.300
■
115
Acme
28
45%
71
9
ACF-Brill
46
112
22
lllVi Apr
2,400
45%
98
18%
10
60Jan
_100
preferred
4%
I per share
Laboratories——Jfo pat
7
1944
Year
Lowest
Highest.
$ per thare
Par
Abbott
5.700
V
*27%
33
167%
10
♦38%
32%
18%
800
28
1
Lowest
Sharet
41
*95%
29 "
1003,
*62
15
29%
15%
29
33
167 %
EXCHANGE
75
715%
15%
98
17%
page
6%
75
14%
*95%
29
*108
;1:;
V
32%
33%
the Week
Range for Previous
Range Since January 1
NEW YORK STOCK
112
*111%
29
*27%
45 %
7
,*
14%
i 4.15
*38%
6%
7:1
Sales for
68%
14%
♦73
ill Aug. 31
I per tharo
28%
14%
28
Friday
67%
share
112%
/I
Aug. 30
7 67 I! 7r67«7:'
67%
1123A
S
Thursday
1,7
Aug. 29
.,
1
STOCKS
PBICES
Wednesday
Aug. 28
S per share
♦72
SALE
37% May
43
Jan
-
Dec
Oct
July
100
75
5%
Apr
Mar
2
Dec
7% July
3%
Dec
36
Dec
1
34% Mar
7
104
May 28
37
Jan
62
Dec
24%
Apr
29% July
18% Aug 29
9%
60% Jun
68% Mar
168% Aug-28
23%
Jan
70
141
1
,
Jan
Jan
Apr
20% May
3
13% Mar
34"% Mar
1
29
Aug
91
15 Vt
157
18%
Dec
Oct
Dec
Feb
35 V* Mar
Monday, September 3, 1945
CHRONICLE
COMMERCIAL & FINANCIAL
THE
994
NEW YORK STOCK RECORD
Bang e for Prerlovs
8TOCKS
AND HIGH BALK PRICES
Wednesday
LOW
g»r*ri«r
t per shirt
S per
share
t per
28%
29%
32
31%
31%
30%
101
100%
*100%
128%
50%
493/4
100%
50%
1253/4
125%
125%
49%
50%
1
♦124
126
125
124
29
101
49%
50
49 ¥»
124
313/a
29
29
29%
28%
100
52
128%
12,600
900
-29%
2,400
50%
5%
5%
53/8
5%
5%
5%
5%
47%
*46%
47%
*46%
47%
46%
46%
5%
*46
100
109
109%
109%
33
33%
33%
33%
33%
345/8
34%
343/4
66
67
66%
67
663/4
67
67
67
67
67
30%
30%
29%
30
30%
30%
30%
303/4
30%
76
76%
*75%
76%
75%
303/4
75%
76
76
76
17%
17%
17%
17%
17%
173/a
17%
173/4
17%
44%
45
45
45%
44%
45%
*130%
132%
11%
11%
100%
101
190%
190%
56%
112%
,31%
30%
,
102
189
59
32
118
119%
119%
119%
119%
120%
133
133%
1333/4
135%
135 %
*136%
138%
*18%
19%
*19%
20 3/8
22%
22%
22%
22 3/8
38
36%
*107%
38
37%
7
6%
6%
7
6%
15
*143/ff
5 >;
4%
38%
*42
78%
10
4%
103%
t 800
27%
3,600
$7 2d
$6
'
'
*98%
99%
983/8
98 3/a
]
42
42
*41%
43
43
43
5' 200
4,200
American Hide
7%
8%
8%
8%
*50%
52%
*50%
52%
78%
79%
80
2,500
8
8%
8%
83/B
*8 3/a
8%
96%
96%
*96%
973/4
*96 %
10%
103/4
103/4
10%
103/4
10%
10%
10%
103/4*
*10%
10%
10%
51%
*503/8
513/4
*50%
513/4
*50%
35%
353/8
36%
35%
36 3/a
353/4
36%
115%
*115
115%
115%
115%
28%
13%
28
30%
30
30%
13%
13%
133/8
*115
115%
27%
123/8
28%
x28
12%
12%
27%
131%
46%
27%
27%
27%
131%
46%
463/4
463/4
46%
»,
132%
7
7%
7%
14,600
78
79%
78%
79
-
78%
78%
78 3/4
793/8
2.400
70%
70%
71
-
70%
71
703/4
79%713/4
79%
70%
71%
72%
4,900
163/s
16 3/8
18%
16%
16%
16 5/a
163/8
16%
44,600
16%
16%
■:> 22%
22%
22
•
89 3/s
23%
28.200
89%
*233/4
89%
1,680
24%
1,200
25%
3.400
53%
227/o
89%
*233/4
180%
*180
22%
24%
89%
89%
89%
89%
90
23%
23%
23%
24
24%
24%
24%
25,:
25%
253/4
25%
253/4
25
33%
34
34
34%
34%
35%
353/4
353/4
25%
353/4
51
52
51%
52%
513/4
52%
513/4
52%
523/8
88%
-.'V
i
""* i
V:
lit.
*"
*46
21%
25%
32%
*31%
180%
180%
180%
*26
1,400
26%
4 ■•*26%
27%
!1,200
45%
-
453/8
45%
46%
1,800
*138%
140
*31%
32
X31%
32
*32
181%
180%
84%
Preferred
h
32%
Am Sumatra Tobacco
200
1813/8
182%
12,200
/85%
a,600
American
U.800
86
85
Common class B___.
853/a
853/4
152%
153%
1523/4
1523/4
1523/4
152 3/4
152 34
17%
18%
177/a
18% '
173/4
17%
17%
17%
18
18 *
'5.000
"Amer Type
55
56%
56
56%
55%
553/8
56
565/a
57%
57%
13.600
"American Viscose Corp
*117
119%
*117
*115% 118 ;
153/4
15%
*116%
119
15 S/8
,16
85
85
84
112%
108%
*107%
108%
20%
19%
193/a
19%
;
:
20%
110
*108
7
6%
*74
76
*
109%
112
7
6%
76
*74
Wks &
29
108 ¥2
Feb
131 ¥s
21 ¥2 Jun
27
10 ¥4
24 ¥1 Jun
26
14
1093/4 Jun
29
101 ¥2
24
43 ¥» Jun
29
21 ¥4
2
Woolen
47
33%
33 ¥a
33%
33%
333/4
x323/4
33%
53
51 ¥2
52 ¥2
52
52%
*52
52%
53
33%
343/4
35
35 ¥a
35
35
♦109
110%
*109
110 ¥2
*109
41
41%
*12%
6%
70
♦68
•
14
-68
•
35
14
*6
6%
71
69
"V
•
6 3/a
9 Va
9%
9%
-
=;.£
1143/4
H43/4
1143/4
125
124 ¥2
124 ¥2
*120%
*120%
49%
503/a
50%
51 ¥2
50
*122
143/s
14 3/a
14 ¥2
14%
14%
125
*122
14%
153/4
15 ¥4
15%
15%
15%
15%
277/a
27%
27%
28
28%
28%
125%
122
108%
373/i
106%
125
125
124
122
124 I-
50 ¥4
♦107
go
88
107%
*106
50 y4
*50
50%
108%
"107
90 3/a
313/a
t-
87
*35%
363/4
36%
36 %
36;
36
i
74 ¥2
*68
74%
113%
113%
112%
112%
173/4
173/a
173/a
17%
173/4
31%
32%
*56 ¥2
57 ¥4
56%
56%
73
72
115
113 ¥2
H4y8
*22 ¥2
24
*22%
14
13%
32%
73
101
27%
103/8
20%
102
21'/a
*113
22
8%
27%
101 ¥2
21%
*68
74%
*68
32 ¥»
x72¥t
7%
400
37
73
21%
I
i 3,700
114 ¥2
14
-f 8.400
*101
114
24
*113
Ii4
24
14%
14%
14%
*101
.
114
24
*22%
:i4%
103
74%
*101
103
21%
22%
7%
8%
28%
29%
2 8 3/8
29%
18%
19%
31
22
22
22%
9,100
80
113%
*53%
•ft •
57%
723/4
74%
*112
18
800
33
32%
323/8
*56
?/
4,400
18%
57
300
74%,
114
24
870
-
300
100
1,808
143/4
:
102
50
15,500
22%
8
8%
,
Jan
15
July 31
61
3
99
28
50 ¥2 Aug 10
14%
8%
Jan
9
2
2% Jan
2
~
7% July
Feb
130
Jan
Jun
Feb
Feb
66 ¥1
Dec
40
60%
Dec
9
Jan
12% Aug
Mar 16
163
Jan
184
July
443/a
12 ¥a
Jan
23
62 ¥2
Jan
.77%
Dec
253/4 Apr
13%
Jan
18 ¥2
Sep
13 ¥2
Feb
19 ¥2
Dec
Dec
17
253/4 Aug 28
40
15
26 ¥4
Jan
37 ¥»
40% Jan
53% Aug 31
36 ¥0
Jan
43 ¥2 July
2
164
.
-41-
Aug 21
128% Jan
2
Jan
184
65
5ft
conv
Dec
19% July
Jan
25%
29
Feb
56
111
Jan
132
8
J an
166%
.•
85 ¥2 Aug 31
563/4
Jan
86
Aug 31
57%
Jan
145% Jan
3
117
116%
Apr
6 ¥4
Jan
Jun
14
29 ¥» Jun
28
6¥s
67 ¥2
Jan
4
Jan
Jun
22
44
Feb
65
Dec
36¥4 Jun
26
24%
Jan
29 ¥4
Dec
25
Jan
39
Dec
20
Jan
83
60% Jan 23
2
x56¥2 July 12
35 ¥4 Apt 23
112¥< Apr
July 20
109-
4% Jan
50
-7 ¥2 Jun
2
93/4
10 ¥4 Jun
18
117 ¥2 Jun
15
Mar 27
132-Jun
16
111
,
-
"18
Jan
113
Jan
111
3
4
Jan
Dec
119
Jan
Apr
46%
9 ¥4
Feb
12 ¥2 July
8 ¥2
Jan
133/4
Jun
19%
Dec
26
Jun
: 12 ¥2
25
127
.
50 ¥» Aug
Jan
12
108% Mar
31
101
10|
Jan 30
48¥a Jan
74 ¥2 Jan
30 ¥t
■
79 ¥2 Jun
110
1
Sep
Jan
108 ¥2
Nov
53 ¥2
Jan
83 ¥2
Dec
Jan
Jan
Feb
27
11%
Jan
17 3/a
Jan 23
53 ¥4
Jan
57 ¥s
Oct
62
J[un
25
"
52 ¥4
30
May 18
25 ¥2 Aug
102
2
14% Jan
2
23% May
24
9 ¥2 Jun
243/4 Aug
9
30% Jun
32,700
Baltimore & Ohio
.100
31
20
Dec
Jan
13 ¥2 May
Apr
84 ¥4 May
14 ¥2
6
—13
19%
1203/4 Aug
7
23
19%
Oct
Dec
66
7
5 ¥4 Jan
Apr
14 ¥s May
9
26
Jun 22
—3
32% May
114
May
U2
16 ¥2 Jun
_5c
Baldwin Loco Works * X c_
Dec
Nov
24%
(The)
98,700
76
107%
119
6
77
Jun
-
7
74 ¥2 Aug
2
22
>
38% Nov
59 ¥4
-
15
65% Feb 19
Jan
55
Feb
25
Feb
58
113
Jan
25%
.
363/8 Feb
80
19% Jun
Jan
106% Dec
sJan
>'82
114 ¥2 Aug 28
5
July 27
Apr 20
14% Jan 22
60
Dec
103 ¥4
25
403/4 May
1
113 ¥2 Nov
453/4
28
114 ¥4 May 19
22-
33 ¥4 Feb
Jun
Jan
May
25
-
113
33
2%
76% Jan
106
Mar
Jan
85 ¥2
July 26
125
9
45
Jan
Jun
90
„
18 ¥2 Jan
No par
107 ¥2
Jan
-
35 ¥4
29% Jun
20
-
6% July
Apr.
Jan
85
15% Aug 28
2
Jan
Jun
Aug 31
15% Jun
9
July 27
11 ¥2 Jan
2
10
Dec
4% Aug
57
Jan;
74 ¥2
.
52
42 ¥4
;
Jan
42
":4%
2
14 ¥4
Jan
2¥a
6
18
72 ¥2 Aug 31
Mar 26
.
63/a Jan
283/8 Julv
■•■.
30
15 ¥4 Mar
102% Mar 27
,
6¥s July
30
44 ¥4 Apr
*
38% July 6
12% Aug 17
•
10 ¥« Jan
29%
Dec
22
-29 % Jan
100
29%
Dec
28
1
22,600
Nov
107
8% Jun
No par
Nichols——————-No par
—„——
Aug
9%
,
128 ¥2 Jun
No par
Co
16 ¥4
100
Jan
53/8 Mar 27
-
——5
—50
prior A
Dec
Jun
Jan
84 ¥2
15%
49
120 ¥2 July
100% Mar 26
No par
preferred
July
1523/4 July
Apr
17 ¥2 July 10
Dec
July
75
Jan
39 ¥2
111
2
Jan
8%
31
121 ¥2 Mar 15
Aug 29
9
7
26
57 ¥» Aug
Jun
75
Jan
139
Jun
19% Jun
X161
-
13% Mar 27
433/4 Mar 27
Dec
31 ¥2
156
July 10
Dec
Dec
26% May
2
Atlas Tack Corp
$5
28%
Jan
2
Austin
Autocar
Jun
15
7
Jun
35
31
29 3/a Jan
157
Dec
3
Mar
142
12
Dec
152 ¥2
16%
7
24
56% Jan
-
223/4 Jan
Mar
28 ¥2 Apr
25
•
17% Jan
45%
Nov
22 ¥4
26
35% Jun
27% Jan
,
Dec
393/8 May
146
6
Aug
165 ¥2
Jan
147
22
Aug 27
46
41% Apr
Feb
153w'
Feb
172 ¥2 Aug
164% Jan
;
——
,
,
17% Jan
preferred——
—
,100
Topeka & Santa Fe___—tlOO v
5ft
preferred
—
-100 >:
Atlantic Coast Line RR
—100 ;
Atl G & W I SS Lines—
—-1
5% non-cum preferred—
—100Atlantic Refining—
——25
4ft conv pref series A—100
preferred--
-•
23 ¥2 Aug 31
32- Aug 21
——50
Atlas Powder
Aug
17 3/a July
183/a Jan
$6 conv prior preferred
6ft
,
180
91 ¥2 Feb
;—.-25
Corp
Dec
3¥s Aug
Jan
6
"'Atlas
-
153/a Jan
Atch
"
Oct
43
Jan
-—5
No par
'7ft preferred
—;—.100
Armstrong Cork CO-j
No-par
Arnold Constable Corp^
5
Artloom Corp
No par
Associated Dry Goods—.
i—1
6ft
1st preferred—
—100
7ft 2d preferred——-—--100
Dec
26
65 ¥4 Jan
—
Dec
'/* 12 3/4 July
75?
100
Mldl'd—
Dec
24 ¥2
103/4 Aug 27
74 ¥2
•
Jan
176
2
3
3
82 ¥4 July
-
-
22
11% Jan
Jun
28 ¥s
111 ¥4' Dec
2
483/4 May 21
Aug
50
-
32
115 ¥4
142 ¥2 May 24
41% Jan
9 ¥4
Feb
20
6
Mar
Dec
*93/s July
Feb
30
24
79 ¥2
Jan
14 3/a
Oct
77/s Aug
Feb
80 ¥2
31
130% Jan 26
Jan
46
25
143/4 Jan
Mar 26
i-
70 ¥2
Jan
Aug 31
37¥4 Jun
116
-
30
Nov
46
Apr
6¥s
10 3/4 Aug
Jan 22
Jan
7¥«
11% June 25
24% Jan
8%
8
v
-
3
*
30 ¥2 Aug
i
Dec
i.6¥i Aug
Jan
Jan
:
-
11% Mar 27
■
Dec
40 ¥2
393/« Mar
65
Mar
Aug 27
Apr
943/4
Jan
21
Aviation Corp of Del
"
8%
4
26
5 ft
10
6334
17 ¥a
133/4
IO8V4
88%
i
5
9
'
Jun
,
25%
Jan
10 ¥4 Jun
48% Apr 22
KssoevInvestment^Go^iiu^--^ JNo par
200
50%
*107
873A
88
31 ¥4
24%
•
107%
57%
101
107
3 ¥2
July 10
5
No par
of Illinois
102
Apr
52
6
& Co
33
81¥» May
108
"
*50
50%
-
130
63
713/4
w •*
124
*107
57
133/8
•120
*
200
63%
173/4
*22%
<•;
124
?
124%
107%
107
*114%
<
7,300
Jan
11
preferred
5% Mar
Jan
14
Dec
Mar
29
Jan
•
2
7% Jan
—
■J 1.700
63%
.
17%
fiu-Jf. ,7"
18%
28 3/»
*124%
113 ¥2
32
15%
107%
363/4
113%
-
63%
107
64
*68
88 %
700
15
.
15%
59
—
4.800
62%
107
63 ¥2
743/4
*68
87
"10
n
52
126
*50
*107
36
36
■
*124%
*122
108 ¥2
65
64
*112
125
124
-
50
50
"107
125
*14
-
68
% May 25
23
r.
11%
Oct
1
38% Jan
Daniels
.1%
Mar
24% Jan
Armour
-
23
9 ¥4
No par
Archer
500
1,400
V
28%
:•
153/a
28
122
t-
-
15
*14
.
125
-
51%
51
50%
27
125
115
115
50%
14%
115
1.100
20.100
■':9% ,93/8
9%
11S
125
?
?
72%
72%
72%
9%
6 3/s
28
3
Corp—--12.50
$4 preferred :—
No par
Anderson; Clayton & Co
---21%
Andes Copper Mining
—20
A P W Paper Co. Inc—
—5
10
Dec
4% Aug
Apr
Jan
63/8 Jan
Ahchor Hock Glass
200
»
Dec
Sep
36 ¥4
Jan
8% Jan
Anaconda Wire & Cable
"
4,400
13%
6 3/a
*71
9%
1143/8
I
'
43%
13%
'
93/8
114%
9
114%
'
110%
*109
i:'42%v
14
14
35
■
42%
42
f . 440
I 2.500
107 ¥4
8
46% Jun
99% Jan
Anaconda Copper Mining
18,200
533/4
/
•*
110%
110%
42
*12%
•
68
110%
41%
6 ¥2
6
■-35
:
41%
41%
*12 ¥2
14
6 3/#
-r
333/4
33%
52%
20
104
687/b Jan
par
i
$5 prior conv
Dec
Feb
53/4 July
3
111
May 22
313/4 July 10
'■
No par
Lead'A Smelt
Amer Zinc
Aug
20 3/a
Jan
2¥< Mar
43 ¥4 Jun
•
Nov
15
Mar
15% Feb
•
Mar
-
/ Aug 27
7
Jan
-
-
f
33
-
No par
Elec
preferred-
Preferred
j 3.000
76
*•";
*74
76
1
preferred
1st
American
7,400
1.100
7
6%
$6
—
Foundries Inc
Water
Am
100
1
preferred
5ft
t 200
10,500
108%
110%
6ft
650
»:
153%
1523/4
108%
,■
110
7¥a
*74
76
*73
,16
193%
112 ¥2
7
7%
7
♦107
85%
85
117
15%
203/8
112 ¥2
113
117
*
108
20
20%
20%
v
16
*105
108
*105
,
118%
.
153/a
15%
15%
853/4
153
Dec
-135 ¥4 Aug
—100
Amer Telep &
85%
993/4
—100
—25
—25
.*—100
—10
-14
Teleg Co
Tobacco—
1813/a
84
42 3/a July
Jan
27% July
5
—100
NO par
—
Apr
683/4
115 ¥2 July
38% Jan 24
—100
Refining
American Sugar
Nov
Jan
33 ¥a
•
'
84%
181%
84
84
'American Stove Co_—*_
140
*139
—
183 ¥2
170 ¥2
27
Jan
20% Jan
No par
No par
No par
Steel Foundries
95 ¥2 July
Nov
543/4 Jan
Amer
Mar
23
60% Jan 22
■^American Stores
82
107
91
preferred
—
-No par
preferred——-——NO par
Am Rad & Stand San'y
No par
Preferred
-100."
American Rolling Mill—
——25
4%% cOnv preferred-^
.-100
American 8afety Razor
18.50
American Seating Co———No par
Amer Ship Building Co;.
No par
Amer Smelting & Refgi
No par
Preferred
—100
American Snuff—25
6ft non-cum preferred
r_:_i00
13.200
21%
May 28
Oct
30
96 / Jan
—
40
35%
140
;
181
400
t
34%
tf
*138%
32%
833/4
84
26%'
190
>f
,
158
:*155
'
213/a
213/8
45%
140
*138
*31%
83%
26%
45%
t
'
46
*21%
34%
X34
■
45%
453/8
140
*136
21%
26
45
156
156
34%
21%
350
14,200
171
'■'& *45%
*
1
36%
170
171
45%
160
34%
T
25%
44%
*157
<
35
21%
34
21
-253/4
171
43%
45%
159
158
33%
33%
171
169
170
•
162
162
.
*168%
■*•45%
170
169
"46
-
July
32 ¥2 Aug 31
$5
"
Sep
May
14
121 ¥2 Aug
$6
'
182 %
22
22 3/a
21%
22%
*180
185
*180
185
♦180
185
*180
7
7%
7
7%
7
Light—,;
133
•115 ¥4 Jun
2 % Jan
-No par
-No par
News Co——
Amer Power A
Apr
8
Apr 25
60^% Aug 31
-
Jan
27
»-100
preferred-.
American
450
»
47
46%
46%
7%
46%
90
126 ¥2
195
Jan
10% Jan
? 'Oft
263/4
132
8
12
3% Jan
2,000
5.100
Jan
30% Jan
7ft
10,000
46
105% Apr
preferred —
-_100
Amer Mach & Fly Cd
No par
Amer Mach & Metais-——No par
Amer Metals Co Ltd-No par
:
19%
Jan
-104
18% Jan
f
29 3/4
26%
Locomotive—
Jan
133/8 Jan
-
133/4 Jan
"
133/8 *13%
132
132
131
463/4
'
26s/8
26%
27%
263/4
*131
132%
*131
I 200
29%
■"
13%
116
116
preferred
conv
American
73/4
37 ¥1
-135
20
112% Mar
1
—50
No par
Co of 111
7
17
213/b Mar
Jan
-
•9
5ft
t
17,700
Dec
Jun
18
47 ¥4 Feb
Mar 21
70
\ 900
,
72 ¥2
-100
American Invest
11
No
—
Amer
.37
36%
Jan
Jun
80
27Jan
—10
preferred
| 200
6,000
51%
M
*51
60
30
Internat Corp———No par
6ft non-cum
973/4
11
*10%
10%
513/4
35%
Dec
23 ¥a July
&
Ice
American
1,600
Jan
45 ¥2
110
-
8%
8 '/a
973/4
31 ¥2
Dec
Apr
5
Co
—10
Leather——:-l
8ft conv preferred—
—60
American Home Products
-1
f 100
78%
8%
52%
79
79
May
16
39
American Hawaiian S3
500
26
40
343/4 May 25
24
2
96
No par
No par
—.——No par
preferred^
343/4 Aug 31
693/4 Jun 28
Jan
% Jan 24
1833/4 Jan
preferred—
i.
preferred A—-
$7
99
*50%
*114%
5,100
434
263/4
27
99 M
*50%
10 3/a
10%
| 100
1,300
103%
,
'
10%
14%
39%
'
4%
263/4
7%
8%
*963/4
97
27%
27%
38
3,000
'
110% July
If
Chain & Cable
1033/4
43/4
1033/4
78%'
783/8
8%
8%
97
4%
103%
52%
♦51
52
78
4%
43
7%
8%
7%
52
♦143/s
145/a
*38
103%
7
6%
7,000
.
.
42% Nov
Mar
10% Aug 21
Crystal Sugar
-^_10
6 ft
1st preferred—-*
-100
Amer Distilling Co stamped—r—20
American Encaustic Tiling
—1
Amer European Sees.'———No par
American Export Lines Inc———1
Amer & Foreign Power
NO par
30
■
Jan
82
89% Feb
r
6%
♦143/8
100
*96%
42%
'
14%
273/4
98%
37
38
27
*41%
37
373/4
37%
6%
14%
104%
98%
'
109
38
5
♦103
27%
27
373/4
6%
*107
14%
4%
v
103
109
•107
109
23
28 ¥2
20
130--Feb
100
No par
American Colortype Co.
Dec
21
,15%-Aug 21
American
2,200
23%
23
39
38%
39
38%
22%
J210
20%
*193/4
"20%
*19%
22%
22%
108
*14%
103
20%
%
37%
108
i08
108
19
1,900
141
*139
4 ¥4
Feb
X41
preferred——100
non-cum
Dec
Jan
Feb
69% Jan
Inc——No-par
5ft conv preferred——:
r-100
American Chicle————No par
Am
5.000
121%
121%
121%
133
7ft
;500
32%
32%
32%
——
Car & Fdy—
American
24 ¥4
2
28
"
Apr
49
20% Jan
-100
—-1
—25
——...
Preferred
70
-
115
115
115
115
32
?
6.000
60%
Can—
American
1,000
103
189
Amer
6 ¥4 Jun
July
118 :
Apr
173/a
126
28
No par
preferred ——
Cable & Radio Corp
105
31
Aug 17
July
40% July
Aug 21
42
Corp—.-ii.--l
Bosch
Brake Shoe Co
*5%%
10,400
11%
58%
58
117
*
4,100
.60
102
189%
115
31%
32
31%
45
Am
•11%
:
130
30
,
Dec
103
43% May 14
103
50
preferred
6%
American
190%
*101%
58%
*114
114
114
11 5/8
Bank Note.——
American
Apr
6
8
-10
(newr
22%
Jan
33 ¥a
128 ¥4 Aug
10
3% Jan
Petroleum Corp„-_No par
Agricultural Chemical-No par
Amer
96 ¥4
Aug 31
52
"
2
Jan
23
t per share
Jan
24
113% Jan
-1
50
preferred—
American Airlines
2,300
.
par
Amerada
6,500
1,900'
1,100
131
45
*129
11%
190%
'
573/4
45
131
44%
*129
101
*189
58%
57%
57%
112%
173/8
11%
11%
101
100
190%
100
*189
*75
130%
130
132%
113/4
*130%
11%
108
107%
108
par
100
No
Mfg
Highest
■v.:
14 ¥2
102% Mar 26
2
1944
t per share
32 3/s Aug 28
7
38% Jan
preferred —
conv
6 ft conv
700
110
*107
33
99% Jan
Amalgam Leather Co Inc
4,000
108
32%
4%
100
__
Alpha Portland Cum
47 V2
5%
5%
♦46%
108
Allis-Chalmers
20% Jan
No
preferred
5%
«,
$ per share
Shan
-No par
Allied Stores Corp
10.180
101
29
29
Par
Shares
,31%
$ per
Lowest
Highest
/;\. Lowest
EXCHANGE
the Week
Year
Range Sinee January 1
STOCK
NEW YORK
Balek for
■
I per share
share
♦100%
32%
♦100%
101
♦100%
t per
share
$ per-
share
30%
31%
30%
Adf. 30
Aug. 29
Aug. 2S
Aug. 27
Aug. 25
Vrfda?
Aug. 31
Thursday
Tuesday
MMJiy
Dec
15% Nov
Dec
6
3% Jan
B
■4.W
31%
*71
18%
72
35
353/4
27%
283/4
r'
•-:
»,
.1—
*52%
52%
183/4
,.18%
29
19
20
19
19%
303/4
31%
303/4
30%
30%
31%
11,200
*173/4
:
323/4
18%
273/4
18%
17%
17%
*17%
17%
*17%
17%
400
71
71%
71%
*71
72
*71
72
36%
35
35%
*35
353/4
*353/,
36%
1.500
preferred
& Aroostook
Conv 5ft
preferred
Barber Asphalt COrp—--
29%
29%
29%
29
1,200
Barker Brothers
52%
52%
52%
■
71
353/4
29
*52%
18 s/8
18%
15%
16%
15%
16
393/4
40
42
423%
*108
109%
12
12%
*35%
*116
footnotes see
38
118%
page
1003.
43%
*108
12%
*35%
*116
52%
29%
52%
29
*52%
53
r
40
48
■
43%
109
18%
20
19%
..
12%
38
118%
•
15.600
18%
15 5/s
19%
16%
193/4
16
16%
16%
3,200
*39
40
5
29%
/
'
♦38%
For
V
39%
*383/4
393/4
38%
39%
300
*423/8
*108
12
*35%
*116
433/4
109
12%
37%
118%
*42
*108
12%
*35%
*116
433/4
109
19%
42%
108
42%
108
123/a
12%
37%
*36%
118%
118%
^
400
10
37%
118%
12%
5,200
4%
Bamsdall
Bath Iron
Oil
Co
Works Corp—
Cigars Inc
Beatrice Creamery—
Bayuk
$4.25 preferred
—
Aircraft Corp—4
Beech
Beech
100
preferred
Creek
RR
Beech-Nut Backing Co_a-
113/a Jan
22
19 ¥2 Jan 31
.100
-10
'21
„23
-
Dec
9 ¥4
Jan
*
■*"
Apr
Jan
14%
Sep
7
143/4
May 31
25 ¥2
Aug
Feb
31
Jan
May
54
Apr
25
Feb
28
t 40
■;
Dec
Dec
Dec
-18
'
July
30
2
•
14%
68 ¥2
23%
Jan
12
31
9
106 ¥2 July
par
Dec
23%
4
3
50 ¥2 Jan
-32 ¥2 Jan
par
133/4
Jan
Apr
21 ¥2
14% Aug 17
19
36
Jan 23
—1
Dec
Jan
9%
60
16 ¥s Jan
>
—5
—1
Jun
26%
5%
18
July 13
443/4 May. 16
79
17 ¥2 Jan
par
„50
23
12% Jan
-50
—No
28% Jun 26
44¥2 Jun 22
31
66- * Mar 27
29 ¥4 Aug
7
.100
—
Bangor
5% ft
.
.-95/s Apr
_50
35
-20
114
3
25
Aug
17
Jan
20
.
22% Mar
44 ¥2 Jun
14
Jan
11
110
*
-v-
19 3/4
38
1
105%
111
Jun
7%
Jun
40¥4 Jun.
124"
6
May 29
~
31
111%
Jan
Jun
Dec
34 ¥2 Nov
,
•
.15% Jun .28
18% Mar
>
-
Dec
Oct
143/4
Dec
38
Der
121
Nov
k
...Volume 162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4417
NEW YORK STOCK RECORD
LOW
AND
SALE
HIGH
PRICES
STOCKS
•
Saturday
tfondaf
Aug. 25
Aug. 27
S per share
Tuesday^-
Aug. 30
Aug. 29
Sales for
Friday
Aug. 31
Thursday-
'Wednesday'
Aug. 28
S per
share
$ per share
15 Ve
15%
15%
15%
15
15"%
15%
I6V4
16%
17%
20
20%
20%
21%
21%
23
22%
23 Ve
22%
23%
191/4
19%
19%
19%
19 Ve
19 Ve
19%
19%
19%
$ per share
*
■
\
Range for Prevlona
SEW TORK STOCK
-
* EXCHANGE
.
Sharee
:
# ver^share
t per share
•
the Week
-
Range Since January 1
Lowest
/,
v
.
"J»Of
■;
5,600
Beldlng-Hemlnway
••
12 Ve Jan
No par
Year
$ per share
I per share
.
17% Aug 31
15
1944
Lowest
Highest
I per share
J
Highest
$ per share
10 Ve
Jan
33
10%
Apr
15%
33»/a Jan
49%
July
•
*104
V
106
54%
25
*104
V 54
55%
55
26%
Bell
Aircraft
Bell
20.800
&
106
Bendlx
2
24 %
18
7
21% Jun
100
105
l
Co
preferred
Aviation
27 Va
12% May
10
Corp.
Howell
4%%
55%
54%
27
27%
27
27%
26%
106
55
53%
54%
53%
28
106
*104%
106
*104 V2
106
27%
19%
Aug
9
Loan
Indus
47% Jan
19% Jan
12
55
24%
■,
21%
80%
*135
*54
25
25
21%
21%
81
139
139
16
65 %
65%
27
27
27
27
27V»
28
28%
1,500
16
15%
15%
15%
16 Ve
8,800
25
24%
24%
*24 %
22%
113
22%
22%
*110
23%
113
•110
113
*22
23%
58
*58
59
31%
153
*103
104%
59
59
59
31%
32%
32
31
153
*143
*150
153%
60%
62
'
Boeing
Bohn
2,100
104%
59 %
130
X31%
31%
Bon
10
'58 %
8,400
300
153
*146
*149
39%
40
39%
150
43%
81/4
8%
47
47%
48%
22%
22%
521%
1
v
*51%
Bond
4%%
40
40
40 Va
3,500
Borden Co
44
44%
44%
9,700
Borg-Warner
7%
7%
7%
7%
1,300
Boston
49%
48%
48%
22%
22%
22%
22%
52%
51%
*51%
53 Va
12%
13%
47 Va
12.300
13
12%
13%
12%
12%
12%
46
45%
45%
45 Ve
45%
45%
45%
45%
53%
27%
45%
46%
1
54%
27%
28
*53%
54%
54
54%
108%
27%
54%
27%
*53%
s
27%
27%
*53%
54%
*53%
28
28
23
X28%
>28 %
28 %
54 ;
28%
16%
15%
16%
15%
15%
*123%
125
*123%
I
125
*124
125
125
*124
125
16%
16%
16%
16%
16%
16%
15%
16%
16%
16%
91%
91%
91
91%
90%
91
89%
90%
90
91
16%
17%
17%
17%
17%
17%
17%
18%
X18%
28%
29
29
29
29
29
*28%
29
29
25
25%
24%
25
25
25
25%
25%
25%
30%
31
32
32%
32
32%
32 Ve
32%
32%
25%
26%
26
26%
26% ..'26%
26%
26%
26%
17%
17%
17%
17%
17
17%
.
8%
9
9%
9%
*771%
79
77%
77%
■*61%
63%
62
63
19%
19%
19%
19%
107
•
*106
107
3%
19.%
93
24%
25%
9%
64
*62
19%
*106
3%
*63
19%
108%
2,400
4,506
Bvers Co
,
19%
19%
19%
92%
93
93
26%
27
27
1,200
32%
32%
33%
3.200
32%
54%
54%
1%
1%
'
32%
*
5%
20
55
*54%
55
*54%
6%
6%
6%
X26%
361/4
36%
36
36%
118%
118%
*118
118%
*45
15%
16%
56
56
*55
Calumet
4,000
14%
*13%
14%
55
*54%
*122%
15%
123
Campbell W & C Pdy
3,400
Canada
*123
123
X15%
57%
13%
13%
123%
55
123
35%
35%
35%
35%
35%
36
36
28%
28
28%
28
28%
27%
28%
28
69%
70
70
70
70
70
70
70
7
7
40%
*159
7
4.0%
163
163
40%
67%
66
51%
51%
*106
106%
147
147 %
*106
147%
147%
*7 V8
41%
17%
18%
17%
18%
17%
21%
21
21%
20%
21%
*20%
22
22%
7
22
21%
22%
21%
7%
14%
*30
6"%
6%
110%
110%
*110%
110%
16
*15%
,16%
15%
15%
*30
31
31
7
31
16%
16%
*16%
16%
16%
36%
37%
37
*106
149%
18
18 Va
6,700
20%
20%
.6%
6%
*110%
15%
15%
*15%
*31
32
Xl6%
16%
16
37%
39%
39
12%
13
12%
13
166
165
*22%
*166%
168
*165
168
166
24
*23
24
23
24
*23
35%
38
38
38%
*58%
60
*58
59%
*15%
16
*15%
16
■
49%
19%
50%
50%
8%
*15%
8%
20%
8%
8%
26%
50%
26%
13 Va
19%
*15%
16
*15%
.16
51
50%
51%
8%
9%
'51%
19%
8%
*8%
8
19% *19%
8%
26%
26%
5,000
.
27
36
37%
37%
38%
63%
64
63%
65
64
25%
26%
26
26%
26
26
25
26
25%
26
25%
25%
,
38
r 37
•64 Ve
...
20
8%
2,400
21 Vs
1,300
38 34
11,800
/' 37%
37%
63%
64
63%
64%
5,500
26 Ve
26%
26%
26%
4,600.
25%
25%
26
26
1,500
V
*52
55
55
*53
55
57%
*57%
57%,
56%
56%
*57
57%
*57
19
19%
18%
18%
*17%
18%
*17%
18%
*17 %i.19
17
17%
17
17%,,;:
*16%
17
53%
53%
*57%
.
*53
; *53
/,■
55
100
*
'
'
6%
*32
6%
34
122%
*32
6%
34
*32
34
18%
6%
*32%
33%.
122%.,
*32
122%
123 7/e
121%
57%
57
58
56%
57%
56%
2?
22
21%
21%
21%
21%
41%
104
122%
*41%
42%
*42
102%
42%
104
102%
*102
,
42%
104
*42
11%
11%
56
X56
56
*175
200
*175
200
*175
200
99
97
97
*97
99
99
*110%
52%
*107
11%
111%
52%
107V4
111
.
100
*98%
*56 Va
59
*56%
37%
45
46%
*147
149%
142%
142%
65%
65%
*1000
46%
*147
143%
65%
*110%
52%
52%
♦
111
53
107%
*98%- 100
100
*56 Ve
59
37%
37%
46%
47%
*147
149%
147
145
65%
107
12%
,58
-
*65%
59
87%
47
149 %
147
.65%
*1000
39%
"■"*
12%
111
*51%
.53%
59
.
47%
*65%
149
48
-
65%
39%
•40
40
40
*45
46
44
112%
v*110
113
*110
27%
40%
40
32%
22%
32%
31
pag» 1003.
28
28%
27%
40
40
40
32%
32%
-32%
31%
*30%
27%
32
27%
*39%
33
*31%
30
—
gtd 4 % stock
Molybdenum
Special
.
5.200
5,100
Cluett Peabody & Co
Preferred
1,600
V
149
Climax
Coca-Cola
110
65%
j
Co
(The)
28
Class
Colgate-Palmolive-Peet
1,100
Collins & Aikman
8
34
18
24%
Jan
30% July
56
Apr
17
53%
Feb
57
2
Feb
23
%
Jan
4
8
Feb
23
6% Apr
20
Mar 26
31
,
Jan
113
28%
6%
f
4,200
40
40
410
33 % i
34
34%
310*
32
31%
33
250
conv
preferred
Colo Fuel & Iron Corp
Colorado
&
Southern
H.-4 %
non-cum
4%
non-cum
24
113% Feb
47
Jan
/
*
4
10% Jan
53
Jan
Apr
12% July
51% July
11%
Dec
55% Mar
1
43 Va
Jan
54 %
Dec
.2
97
Jan
27%
Jun
33 Ve
Dec
18%
Oct
22%
Dec
39% Jun
80
May
May
7% Jun
22
15
44Ve May
171
May
69 Va Jun
28
1
7
56% Nov
27
4
2
153
14% Jan
33
Apr
27
4% Jan
16
10% Apr
25
13
129% NOV
11
Jan
Jan
Deo
15%
Jun
17
Jan
19% July
10
19
Nov
23
18
July
V 4%
2% Jan
Jan
114
July
Sep
8%
Apr
15
Mar
107
38.
Jun
14
20%
Apr
28% Nov
22
18
July 13
7%
Jan
12 %
Jan
24
39% Aug 30
30%
Feb
4%
Apr
9
Jun
57 > May
.17% Apr
134
Nov
Jan 24
Jan
•
8
28.% Jan
13 Ve Aug
31
166% Aug 24
25
Mar
7
Dec
'
37% Jan
23
31%
Dec
27%
Jan
11
Feb
1
Deo
Jan
46% July
14 Va Deo
23
.
44
50%
Apr
5% Sep
*
Dec
9% Mar
12% Jun
18
Jun
18
5% Jan 22
12% Jun
18
22
34 Va Jun
18
18
Jan
25% Mar
21%
Aj>r
30% Nov
6Ve Mar 26
24
Jan
26
>
11%
Jan
4%
Jan
18% Mar
7% Mar
25 Va Jan
22
49% Jun
26
543/q .Tan
22
76% Jun
26
43%
Sep
65 Ve July
19% Jan
22
26% Aug 27
15%
Feb
21%
19% Jan
2
27% Mar
7
16 Ve
Jan
54% Apr
19
38% Jan
21% July
49 % Nov
58% Apr
19% Jun
16
8
47
Jan
13
Jan
49
Jan
54
Jan
>>;
15% Jan
'
4% Jan
8% Feb
19
29% Jan
36% Jan
18
24
57
16
18% Aug 31
Jan
91% Jan
42% Jan
2
77%
6%
Aug.28
40Ve
Feb
14%
;
Feb
Jan
58
20% Jan
2
23 Va Jan
31
Jan
2
43% Jan
15
18
Jan
2
Jun
19
95
105
13% May 18
60
Mar
1
9% Jan 27
49
2
Jan
Feb 20
186
Apr
Jan
26
105
109% Jan
2
May. 15
27
170
89
44
Jan
54% May 14
22
July 10
93% Jan
3
53% Jan 17
110 J/2 Apr
107
34 V4 Jan
35% Jan
5
Apr
9
130
May 31
2
62% Jan
Feb"
28 Va Jan
2
2
24
2323
2
25% Jan
2
31 Ve
34% Jan
110
Aug
23% Jan
28
Jan
16
Jun .30
57% July 2
40% Mar
8
49 : Aug 31
151
May 31
MOO
2
140
19
114% Feb
149
>
Aug 31
30
Jun
Oct
.July
98 J/e
Jun
50'/« July
25 Ve July
25% Nov
98
31%
Dec
Nov
96 Va
6%
Jan
10%
Jan
35%
Feb
51
Dec
148
Oct
185
Man
Jun
90
Jan
76
110
Nov
37% Apr
*
;,Jun
115%
Jan
'
45 V*
Jun
106
Mar
109
Jan
92
Jun
96
Aug
52% Mar
53%
Oct
30% May
38% Mar
Apr
39% July
34%
145
Feb
152
111
Feb
146% July
July
59% July
67%
Jun
23%
Jan
33%
Dec
45% Aug 28
25%
Apr
38
Sep
Jan
9
109%
Feb
116
Deo
32% Jun
19
14%
Apr
26%
Dec
50% Jun .19
11%
Jan
29%
Dec
46% Jun
20
12%
Jan
30
Deo
46% Jun
20
13
Jan
27%
Dec
65% Aug 27
40
115
Aug 29
'
Nov
17 Ve
May
125% Aug 27
24
Dec
19 Va July
14% May
1% Jan
—100
100
Jan
40 Ve
Mar 26
No par
No par
106
113
15% Jan 22
1st preferred—100
2nd preferred—100
Jun
14
25
100
July
Apr
96%
115% Feb-23
20 Va Jun 18
21% Mar 28
-41
54
31%
7% Jun
5
2
109 % Jan
Dec
18% May 7
21% Jun 13
5
20 Ve Apr
Oct
Mar
152%
143% July
44 Va Jan
7
Dec
5%
39
24% Jan
2
18% Jan
Jun
Dec
65
Jan
8
110
Jan
119
*
53% Aug 31
-?
Jun.
5
104% May 15
127
|
Dec
130% May
3
37 Ve Jan
47%
Feb
2
47% Jan
Jan
Jan
8%
74
Jan
33%
42%
26
152
24
Dec
21% July
35% Deo
26
22
5% Jan
Jan
% Feb
20
59% Aug 9
35% Jan
7%
57% Aug 30
19% Jun
Mar 26
21
Apr
15% Feb
2
32
15%
23
Nov
VA Jun
May
8%
2
52
6
; 88% Apr 28
1^8% Mar 17
?
6
-ar26
116% Jan
■
27% Aug 27
■
53
48% Jan
XI
Apr
No par
40
No par
No par
Sep
2
2
No par
No par
Dec
20
22
2
1
100
50
80
.
Jan
Jun
No par
A
3,000
40%
;
25
54% Mar
'
44%
•28
96
Apr
Coca-Cola International Corp No par
40
♦110
Apr
Jan
17% Jun.
f
44%
■
113
5%
Dec
Apr
12%
5
10O
15%
67 %
14 Ve Jan
—100
No par
Dec
Jan
20
47% Mar 27
Bronze Co (The)
preferred
Clev & Pitts RR Co 7% gtd
Clev Graph
f.
39%
149
preferred
40
44%
39%
1,400
*1000
45%
27%
300
53%
108%
5%
70%
1%
Jun. 16
O. C. C. & St. Louis Ry. Co
dee £1 Blum 84.50 pfd
Apr
8%
,6
•68
50
preferred
50
Chicago & Northwest'n w i—No par
5% preferred wi
—
100
Chicago Mall Order Co
9
Chicago Pneumat Tool
No par
$3 conv preferred..-—-.—No par
Pr -pf ($2.50) '•urn dlv-—No par
Chicago Yellow Cab
No par
Chlckasha Cotton Oil
10
JChlids Co—
:
No par
.Chile Copper Go
—29
Cbrysle- Corp——————S
C I T Financial Corp
No par
City Ice A Fuel—
No par
City Investing Co
No par
5>k% preferred
:—
100
City Stores
5
Clark Equipment.
a—No par
Dec
43 %
19
•39
5%
~30
111%
49
A
4% Jun
2
83
12
3
Chicago Great West RR Co
200
i'99
148
65
*1000
56%
700
*147
•
148%
20
3,800
♦98% 100
*56%
59
38%
47%
«
148
39%
*110
>j
38%/
37%
45%
31%
♦106
100
*56%
:
111
53
107%
*98%
*147
*98
45-%
112
31%
56%
*175
:
12%
12
56%
111
750
104
99
XJ07%
1,400
■)'. 42
200
:
8,800
42
12%-
56%
23,200
58
21%
*102
42%
39%
*/
*110
see
*56%
107%
*1000 ~
39
45
37%
-
12%
•
111
'
52
*107
♦98%
37
12%
2,100
125%
57%
21%
104
*175
*96
For footnotes
>:
*102
56
•
18%
;
56%
22
125
4,700
6%
33%
6%
55
123%
300
6%
18%
17
6%
21%
-
125%
_
6%.'.
6%
20
" 57%
■■
Class
3,100
19%
*8%
27 %
8%
8Ve
27
..
; 37%
Chesapeake & Ohio Ry
Chic & East 111 RR Co
20,400
8%
50%
109% Jun
3
Chesapeake Corp of Va
'"
8%
6
Jan
—3
5
Deo
Jan
28
•
par
No par
Cab Mfg
Checker
Jun
9%
Jan
1
23
129
Champion Pap & Fib Co
15%
4
54
27 Va Jun
1
300
Jan
27
10% Jun
20% Mar
—100
1,700
s
12 Va
.18 Ve May 17
*85.
July 13
72% Jaiv
3
19% May
9
XVa Ja'n
A—1
—10/
—No par
Dec
101% Feb
,7
Products
Dec
20%
22
Jan
33
preferred
22%
Sep
37% July
17% Deo
No par
6% prior
37%
60
2
Jan
16%
27% Aug 31
53
——,-20
Chain Belt Co
17
16
6
No par
Certain-teed
Jun
Aug 31
32% Aug 31
Century Ribbon Mills
200
37%
*58%
26
12% July
Dec
Z
27% Jan
No par '
.—
320
23%
60
30
Cerro de Pasco Copper
56,600
.168
23%
37%
Jun
3
22
10% Jan
1,100
22,700
*57%
16
;
100
*
39%
*167
v
23 >>-/:
11%
.
No par
Central Foundry Co.—
-—1 ■
Central 111 Lt 4%% preferred—100
fOent RR of New Jersey
—100
Central Violeta Sugar Co
:
'
1,000
f'.16
13
13
' 166
36%
■■■:
26%
.
12%
37%
-58
:
8
20
19%
8%
26%
127/8
36%
51%
8%
8
-
12%
77%
Apr
Aug 21
22% Mar 26
—100
5% preferred
-60
111
'
Jan
3% Jan
par
Central Agulrre Assoc—
3,300
15%
.32
Jan
7%
105% July 26
No par
No par
No par
$4.75 .1st preferred
Celotex Corp
7.200
22%
6%
21%
21%
5%
14% Jan
100
—
7^fc, 2d preferred
570
110 %
37%
——
Caterpillar Tractor—,—
Celanese Corp of Amer—
.
18
•
preferred
4%%
120
6%
16%,
36%
3,400
4,700
110%
:
*31
35%
90
20%
21%
6%
110%
30%
110%
Case (J I) Co
Preferred
149
*148%
•18
Carriers & General Corp..
5,000
66%
149
17%
2,700
53%
106%
65%
53
,
106%
21%
600
Dec
47%
59 Va Mar 27
'
66%,
52%
*106
148%
s-
165
*162
162
65%
106%
*106
106%
147%
7%
51%
51% .52%,
4,900
72
41 Vi
162%
66%
66%
f66 %
2,400
129
116
5
13% Jan
100
5
*—10
:
50 '
1
--25
Ry
Co
1
7%
41%
*70%
7
Carpenter Steel
Carrier Corp
Ohio
&
28%
,38
.
41
41%
165
*161
163
66
51%
7
*6%
41%
6%
41%
123
250
124
123
35%
Clinch
Carolina
No
class
Jan
Jan
Dec
Jun 26
—25
...
Administration
$3 preferred A—
Capital
Dec
20% Apr
—100
Co
Mills
Cannon
300
Ry
Pacific Ry
Canadian
1,000
*54%
28%
Southern
19,000
13%
34%
preferred
Canada
Dec
14
19% Aug 31
—.5
,—Jto
$4.25
10
59%
13%
*58
55
*54%
.
'15%
15%
15%
57%
55
*54%
49
CQpper_,—5
No par
Ale
Dry Ginger
200
118% 118%
*48
49
13%
13%
38 Va
38 'V
37%
118%
;
58
*56
55
37%
118%
*48
27%
27%
27%
4
16
15%
16%
123
37
48
6%
6%
& Hecla Cons
1
25%
Jan
92% Aug 24
15
1
49 Va
Jan
8Ve
17
No par
50
r
Jan
17%
125
87
Zinc-Lead:
Callahan
7,400
1%
1%
6%
27%
118%
48
58
14
27
36%
*118
48
n%
X6%
6%
26%
27%
1%
Packing—...
preferred
4,500
■
39%
2
M00
No par
California
32%
1%
26
2
No par
.
Participating preferred
410
V?
July
30 Va Aug 27
100
0
Byron Jackson Co
32%
*54%
(A M)
19
22 Va
18% Jan
—10
26%
Jan
59 Ve Jun
7% Mar 28
109
3%
14%
29% Apr. 24
17% Jun 23
77% Aug 23
preferred—.
Butte Copper & Zinc
Oct
7
•
July
2
1
4%%
53%
Jan
100
preferred—100
100
50
Jan
20
22% Jan
,
Butler Bros__,
Jan
40!/a
32 Ve May
Jan 22
Terminal
3,200
39:
Feb
10 ve Jan
5
Bldg 1%
Qct
12% July
44% Aug
74% Jan
-10
r
No par
30
Oct
Jan
Aug 31
2
Inc.—
,45
Aug 27
25
120
Dec
Jan
57
12% Mar 27
preferred
92 %
54%
Jan
23% Jan
par
6%
19%
1%
45
No
Oct
47
2
Bush
27
32%
Jan
70
93
*53%
21
117
27
109 i
17
100
27
13% Jup 26
47% Aug 31
July 26
2,400
18%
>.
49% Jan
Mar
26 V» July
52
July
40 Va Mar 27
106
...;
19%
3%
*50'
9
15
No par
Co
92%
1%
48
8%
par
No par
*26%
54%
*46%
53
Mfg
Co.
-1
21% Aug
Feb
100
19%
32"%
27%
Jan
5
25%
1%
26%
Jan
12%
40%
Jan
No par
93%
32%
6%
37%
6
—
19%
*53%
6%
;8
2
17% Mar
47
5
25%
,
/
24
64%
fl06
3%
3%
42% Jan
5
2.50
__16
Burlington Mills Corp
1
Burroughs Adding Mach_.—No par
;
109% May
41% July
7% July
9,600
19%
153 Ve Aug
34%
$5 preferred —i—i-.—-No par
Wheel——
No par
Buffalo Forge Co--;
—.
1'
Bush Term
Sep
32% Aug 27
Jan
Budd
10,200
Dec
55%
Jan
27%
.
Jun
98
Jan
Jan
Bulova
;
52%
Apr
3%
3,300
8%
Jan
88 %
46%
34%
Bullard
78
45.
10
Aug
28%
500
f
19% Nov
Aug 29
3,100
?/
Aug 31
Jun
40 Ve
;
*63
19%
*106
3%
78
64%
19%
108%
3%
'/
78
12%
27
44% Aug 29
10% Jun 18
Co.
Watch
•
Oct
5
5
preferred
(E G)
i
109
5
Co
%, preferred
Budd
Dec
Dec
93 Va Mar
36% Apr
32%
8%
8%
78
.
24% July 20
114
Dec
20
,22%
59% July 12
106
No par
3%
1%
1,130
62
2
15
Jan
14 J/i Mar
33 % Apr
,26 '(
29
3
16
M 5% Apr
Bruns-Balke-Colle-nder
14,700
17% '17%
17%
8%
78
"
19
29% Jun
10% Mar 27
92%
19%
92
17%
9
77%
108%
3%
3%
,
24
Feb
21
Jun
i
Oct
-.-lo
RR
Bearing Co
Bucyrus-Erie
29,700
f
19%
Jan
26
26
23% May 29
111% Jun 14
37% Mar 27
10
125
16
7%
16% Jun
22
;/
Dec
3
Brown Shoe Co
4,400
16
25% Aug
66% July
130
Jan
Brooklyn Union Gas
900
16%
Jan
No par
.
100
54%
28
16
16 %
Jun
5
(assented) _100
Corp
Bristol-Myers
2,600
28%
29 Ve July 16
No
130
15%
2
Brlggs & Stratton
200
27%
27
51%
52% Apr
100
(The)
Roller
Feb
>17% Apr
49% Jan
1
20% July
37%
Bridgeport Brass Co
Briggs Manufacturing
1,400
109
(new)
Jan
65% Aug 30
xl08 % Mar 26
95
15%
2
26
par
Dec
Jan
7
83% Aug 31
146
23
5
No
20%
56 %
Jan
18% Jan
No par
Airways Inc
Brewing Corp. of America.
100
'
57
*108%
109
Biass
A
Dec
Jan
Feb
13 Ve Jan
_5
17
53% Nov
56 %
20 Va Jan
100
'
115%
5
No par *
1
19
par
Braniff
3,800
45%
57
56
56
*108%
108%
*44%
45
*43%
45%
*44%
53%
108%
28
*271%
45%
53%
108%
55i/4
103
700
48 Va
23
&
Maine
&
Bower
9,900
45%
12%
45%
No
.
preferred
40
47%
Jan
Inc.
43%
51%
12%
109
Stores
8%
22%
52%
23
;
44%
*51%
23
No par
class
40%
7%
*47%
48%
22%
*51%
Co
B
44
44%
7%
Aluminum
Ami
397/a
39%
44%
7%
Jan
Airplane Co
Class
•
43%
48
Bloomipgdale- Brothers
16.400
25
*103
No par
Slumenthal & Co preferred
31%
31
153
24 %
2
Jan
2
22% Aug 31
2
Jan
Bliss & Laughlln Inc
240
~;
113
Jan
127
Black & Decker Mfg Co
Blaw-Knox Co
200
1
59%
*58%
31%
♦110
104 J/a
*103
59%
v
23
60%
60%
60%
104%
24%
*22 VA
24%
237/e
24%.
59
*103
€0
59
104%
23%
24
*24%
113
*110
'
24
15%
15%
25
x26% May
22
65
100
Carp Inc—
22%
.
'
Jan
17
(DelX-i.—.Ato par
preferred
65%
25
58
lie
65
22
104%
'
65
24%
231/4
Poods
Bethlehem Steel
143
65
22%
July 5
22 % Aug 21
IIIl
22%
83%
-
82%
*140
64
*23'/2
♦110
21%
21%
140
140 S
54
26
64
,
27%
15%
.
$2.50 div series '38_No par
26%
15%
70
27
82%
138%
55
25%
82%
.80%
01%
81%
138%
*53
-
25 Ve
21 Va
.21%
21%
21%
25 %
25%"
25%
25%
'
82
138%
*63
55
85
*54'
55
*54
2
5
28
Aug 28
56% Jun
5
'
*54
Jun
55% Mar
6
par
±—No
108
July 17
July
,
THE COMMERCIAL & FINANCIAL CHRONICLE
996
Monday, September 3, 1945
NEW YORK STOCK RECORD
LOW AND
•fttvrday
Monday
Aug. 27
Aug. 28
f
per
41%
39
'39
*
I per share
share
*
39%
40
*38%
40
40
*39
:
40
7%
£ 7%
104%
7%
104%
104%
;
I per share
$ per share
105
105
103
103
101%
111
110%
111%
23%
7% V
102
110
Shares
>
23%
23%
50
:
,
TVs
105
40
39%
40
39%
*39
73/8
5'
39%
7%
*49%
50
104%
104%
103 >103
102
104
103
104
110%
110%
110
110
23%
23%
v
400
$ 7% V
1043/4
*49%
50%
23%
50%
50%
51%
50%
*105%
105%
*105%
17%
17%
17%
17%
1%
1%
1%
1%
1%
1%
106%
107%
30 %
30%
*49'/a
105%
16%
107%
108
30%
30%
37
■*
37
52
*35%
31%
31%
31
107
4%
4%
) r'.r:. 4%
30%
30%
107 %
107 %
100%
107
4%
5%
,V
105
'
4%
31%
50%
7,500
105%
100
*105%
-
-wu
17%
17%
8,700
1%
1%
42,500
107%
30%
30%
30%
38
38%
x313/a
*33%
4%
30%
34%
34 3/a
3,400
343%
;
105
♦103%
4%
30%
31%
106%
106%
1063/a
4%
5%
4%
4%
4%
4%
30%
31%
29%
107
Edison of
Consol
19,300
No
n y_.
No par
Industries
Film
Consol
31%
31%
29%
30%
12
12
12
12
12%
12%
12%
12%
1,300
37%
37%
373/4
36%
37%
373/4
2,300
Consolidated
Natural
22
21%
23
22%
233/8
22%
23%
37%
223/4
17,600
Consolidated
Vultee Aircraft
28 3/8
28%
*28%
29
29
29 V*
19%
*18%
19
28%
19
113
19%
22
*21%
*21%
113
9%
*21
22
113
29%
10
112%
29%
10
100
21
113
29%
10%
100
22
112%
293/4
10
100 >
'
19%
19%
113
29%
29
100
28%
29%
10%
100
19%
*21%
*112%
113
29%
10%
*
99%
47%
47%
483/a
47%
48%
108%
108%
*108
*108
108%
108%
108%
12%
13%
13
13%
13
13%
13%
13%
50%
513/4
52
50
47%
50%
473/4
47%
109
52%
*52
Consol
i
29
1,400
Container
10%
5,900
Continental Baking Co..
49%
52
11%
12%
12
12%
12
12%
12
12%
12%
31%
31%
3P/4
32
31%
32
x32%
32%
6,800
36
35
35
*34%
36
*35
353/4
100
183/4
18%
18%
19
18%
19
51%
51%
51%
51%
51%
220
1,400
36
18%
*35
18%
15%
18%
51
•50
18%
51
51%
*51
16
16
163/a
16%
16%
X16%
16%
16%
16%
51
51%
51
51
X51
51
51
51
18%
56%
18%
18%
18%
19
18%
xl8%
56
56
56%
563/4
32%
32%
33
33%
323/4
56%
32%
*323/4
103%
*103
1033/4
*103%
1033/4
*103%
•103
66
66%
18%
*56
66%
66%
189%
189%
*189
8%
8%
8%
8
4
*189
4
191
8
*3%
36%
4
663/a
653/4
191
*189
8%
4
7%
4
66
4%
3,400
36%
37%
X36%
37%
37%
373/4
15,400
100%
101%
Xl003/s
100 3/a
100%
1,800
4
*95%
96%
*25%
1023/4
102%
43%
44%
44%
44%
14,000
96%
95
95
96
97
*96%
97%
2,600
19
25%
"4X
150
29%-V
*106
106%
*34
35%
183/4
150
29%
r<
17%
30%
303/4
30%
40%
42
40%
40%
16%
>v
*135
*•
'
'69%
6%
1063/4
36%
17%
37 ;
17
140
125
'
27%
: 6% ;
18
18
20
*118
26%
27
16%
1
*136
70%
6%
20
125
27%
*34
70
/•' 6
*118
>
136
693/4
20
*105%
173/a
136
70
6
1063/4
*34%
<
6
20%
,
20%
125
27%
*118
30%
;
«
4
17%
17
138
138
70%
6%
20%
203/4
■
125
X27
19
*17%
19 x
183/4
*118
27%
183a'
Cuba rr 6%
7%
v
Sugar
2,100
Cudahy Packing Co
1,300
Cuneo
17%
19
*109'a
18%
"
110%
.1*17%
18%
110%
18%
110%
*109%
40
41
40
40
43%
44%
44
44%
43%
34%
34%
343a
35
*22
23
*22%
44
44%
12%
11%
22%
56
57
'
35%
15-44'*24
*70
•
24
55%
106
*106
-
28%
29%
48
23%
23%
23%
23%
84%
138
*112%
31
*17%
21
170
48
.
87
•
36
31%
18%
>17%
34,300
;
138
/
6%
preferred.
Ourtlss-Wright —;
30,200
12,500
125
Class
a
19;
300
24%
23%
2
Aug 21
Mar 26
293/4 Apr
>
• >.
118%
24
23%
105%
25%
'
see
page
107%
1003.
56
23%
113%
31%
*43%
,
24
543/4
*106
293/4
*48
23%
22%
88%
•140
113
x31%
173/4
■
18%:
*17%
223/4
*21.3/4
*70
75
173/4
563a
36%
700
•43% "44%
44%
100
;
Jan
89%
Dec
29%
Dec
20%
18
14
ip/4
112
Jan
Feb
Dec
19%, Dec
223/4
Jan
29% Mar
22%
Jan
30%
.:,
Jan
101-
,
Jan
5% Aug
97
41
7% Jtfn 28
Apr
-
Apr
4%: Jun
143/4
Jun
114% May
21%
Apr
0%
7
Jan
Dec
144
Dec
109% Nov
11% Aug
140
61%
July
Dec
7% Nov
19y4 Nov
127
Nov
28%
Dec
Jan
23
Match—
No
6%
.
partlc
24%
1,300
Diamond
54
543/8
3,600
.33
par
preferred..——-—29
29%
t Motor Car -co
^.2
30
32
48%
48%
48%
440
243/8
24%
243a
9,700
23%
4,100
Dome Mines ltd
90%
3,500
Douglas Aircraft
141%
900
Dow Chemical Co—.
200
14 preferred series a.
Dresser Industries
233/8
90
141%
113
3p/4
,
23%
89
141%
*112%
32
4,100
/
114
31%
«
:
;
16,100
17%
116
17%
115
116
-
80
7,200
400
603/4
31
31
♦105
106
27
107%
■"
61
9%
1803/4
*192
•60
X31%
1.06
1813/4
194
60%
313/4
106
27
27
*107
108
9%
Class
a
No
Doehler-Jarvls Corp
119%
119
119
31
*106
27%
*107
61
31
_
No par
r,
15%
2,900
15%
*5%
11%
53/4
12%
130%
*129
131
119
*117
119
*117
53/4,
Jan
Jan
21%
Dec
Feb
65
Oct
IJ
Oct
H
28% Jun
35% Dec
42" ' Sep
17% July
49
65
53/4
l.mo
17,900
26% Feb
900
24
Elec
114% Jan
33% Jun
12
-——1
Apr
$6
Battery
Emerson
Electric
Emerson
Radio
Endicott
Johnson
105%
105%
*105
1053/4
~70
25%
25%
26
273/8
15,300
104%
105%
110
1053/4
105%
105%
104%
*105%; 105%
107%
1073/a
107%
*106
*104
107
*103%
*105%
106
106
100
40
4%
•;
Public
preferred
$5% preferred.;
$6 preferred...
Jan
,
1063/4
Jan
113
Aug
8%
Apr
Feb
20 V*
Dec
-
137
Feb
162%
Jun
72% Nov
25
Jan
Jun
128%
Dec
113% Aug
1
117
Mar
6:
113
Dec
1203/4
Jan
13
Jan
19 Ve Jun
22
July 30
213/4 jan
24
15
July 24
24
July 24
107
Aug 10
,
8% May
3
42% Jan
20
14
Jan
20
4% Aug
7
2
3% Jan
3
109
Jan
103
Jan
3
43% Aug
8
No
34 % Mar 21
Phonograph—
200
61'
-
Jun
7
Corp
16 '
No ;
No ;
-No ;
July 25
4
Jan
41
Dec
25%
Dec
Feb
17fc
175
Jan
195
Sep
41
Jan
52
Dec
24%
Dec
157
-
163/4 May
Dec
July 18
12% Mar
1
63% Aug 23
18 % July 10*
7% May 11
13
Aug 10
132% July 5
123% July
5
8%
Dec
15%
Sep
37% Jan
453/4
Aug
10
153/4
Dec
3%
Apr
Jan
3% Nov
6%
Oct
5% July
81%
Apr
114
78
Dec
39%
Apr
Apr
103%
50% Feb-16
40
27%
Feb
343/4
15
Sep
223/4
Dec
57%
Jan
68%
Dec
101 %. Jan
108%
May
29% Jan
104
Service
14% July
27% July 16
108
25
Mar 26
Apr
6% Jan
2
May
Feb
33
21
313/4 Aug 27
27% Aug 31
20% Mar 27
62
10%
21
Aug 28
21% Aug 20
Mfg Co
4
183% Apr 30
6
22
No
14% Nov
123%
Jan
—5
11%
5
1
Jan
preferred
Engineers
$5
&
July
131
Feb
49
Gas
6,400
27 3/a
May
Apr
129
No
Storage
21% May
47
1143%
,
9
No
Natural
Nov
125% Jan
185
shares
preferred
Paso
49
172% May
no. par
(The)
el
Sep
Jan
Dec
2
..—.100
4
——_2
1
Electric
Dec
203/4
105
Jan
155
170
5
Am
2,000
723/4
105
Ind
24%
*70
105
Mus
233/4
23%
72%
May
19% July 16
Mar 21
20% Aug'24
No par
3
24
23%
*70 V
105
&
38%
Jan
25
Stop Nut Co
23%
23%
723/4
18
6
100
$7 preferred
100
2,000
23'
2
27
10q
Electric Power & Light
1,300
1
HOVaJan
—50c
.
Feb
15%
433/4
-
95% Jun
2
Mar 26
Jan
Apr
4
No par
preferred
3,100
12%
Feb
13%
95
24% May
2
9
17
Boat
38%
25%
Jan
Aug 31
143
preferred
Electric
48%
107%
32
38% Mar
x273/4
9
4
Products Co
Autc-Llte
383/e
24
4%?*
Ekco
"
26
68
Edison Bros Stores Inc
5
Jun
Mar
22% Jan
.
10
preferred.—
-
60
25% Jun
cum
28
-
Mar 20
9% Mar
3-
122% Jan
Co
Electric
47%
>24%
—
3,900
38
25%
5%
41%
109
18
Dec
29% Jan
22
18% Jan 26
Elastic
47%
*107
373/8
9
25
39% Jan .22
11,500
38
25%
223/4 July
Jan
18%
July 11 :
*
4%%
47
1053/4
Jan
52
25
263/4 May
Oct
17%
27-
46% Jun
36%
17%
.
16 3/a Jun
No par
No par
Eaatern Airlines lnt__
80
38
24
Eagle-Picher
60
27%
108
130%
12 %
2,300
46%
23%
Jun
Jan
47
Mar
7
18
Dec
47% July
Nov
6
72% Aug 24
107
Feb
26
273/4 Jun
14
8%
Jan
17 y8
Jun
Dec
100% Jan
5
106
July 16
87
Jan
104
Dec
101% Apr
21
108
89
Jan
105
Nct
Feb
1
109
July 24
July 12
92%
Jan
107
104
i
Oct
45%
Eastern Stainless Steel Corp—.5
6%
46%
*70
41%
Apr
Apr
Jan
,
(ei) & Co.^.20
$4,50 preferred^
^
No par
Duquesne Light 5% 1st pfd
100
Eaton Manufacturing Co
38
24%
International—,.
1,600
47%
23%
-
17% Mar 26
5
—
3,400
38
723A
Jan
36%
32 V*
38
par
—
Eastman Kodak Co——
106%
62%
15%
12%
Dunhm
194
62
15%
130
183
60%
11%:
61
130
182
*192
103/4
60%
131
17%
10%
62
5%
11%
21%
.-59% Aug
38»/aJan'
*
3,100
*5%
12%
100
17%
60%
9
is
23
673/4
194
9
18
21%
*192
623/4
18%
65%
194
27
5
105,
Corp-Seagr's Ltd^__—No par
preferred.......—
—.100
Dixie Cup Co
......No par
5%
*21%
182
107
Aug 20
40.% Jan< 4
16% Jan
2
Distil
107%
24
653/4
*180%
27%
May
23% Jun
74
1
Oct
Apr
Dec
19
:
16%
109%
47% May 5 ,'
383/a Mar 26,
7% Mar 29
13% Nov
113%
15
18
36
*106
21%
181
106%
48
13%, Jun
Jun
26% Feb
•„
,
Rayriolda a—par
55%
24
65%
5%
*106
69
105
5
113
2
107%
21%
153/s
105%
Jun 28
21
31
Diamond
1,600
66 %
15%
104%
105%
37% Nov
57% Jun
Devoe &
,
56
35%
.
21%
653/4
*21
153/8
-25%
•
Dec
Jan
Aug 21
Jan
116
23%
22%
28
34% Jan 19
22
:
Jan
116
23%
103%
105%
*106
footnotes
'
Feb
Jan
26
28
9
67
*114%
173/4
Jan
21
1153/4
*70
105%
25%
For
>v
23%
103%
105%
75
38
72%
15%
97%
Jun
Jun
'
47
'
33
Detroit Hillsdale & s w ftr Co..100
300
*117
.
47
Aug
30% May
34% Aug 22
50
Detiplt Edison—
4,000
1263/4
12
49%
Aug 29
24
•
39% Mar 29
—100
Delaware Lack & Western
10,000
;
*126
130%
Jan
* 123% Feb
6
*
44%
5%
12%
Aug
45
'
XI5%
130
23
223/4
126%
9
38
*70
12
22%
*126
5%
38
113/4
22%
127
31%
106
46%
11%
*70
36
893/4
*213/4
60%
*116%
11%
10
Delaware & Hudson——
*126
30%
12
Delsel-Weramer-Gllbert
3.56<i
126%
60%
130
1
;
Du p de Nemours
31%
15%
Dec
39
Mar
7
Aug 31
Feb
1
Aug 10
,
1083/4 AUg 10
——
Duplan Corp..
61
16
32
Feb
,17% Aug 27
Jun 26
2
7
25% July
Jan
7
140
72
5% Aug 20
Mar
25% Apr
Jan
163/4
273/4
7
108% Jan 19
38
May 18
2
31
Mar 26
120
20
Jun 14
Jun
42
Jan
.18% Jan
Aug
27% Jun
34% Jun
2
10
9
122% Apr
6
59% Jan 16
,
t—No par
.20
^r—
—
1,100
62,
JUly
147
Feb
5
Jan
Mar
343/4 Jun
x22% Jun
*
On
4,000
28%
5%
Records Inc—
&
Preferred
.
24
433a
36
141
'
1,300
172%
9
2
TV* July
1%
8
23
59%
62%
41
463/4
513/4
25%
105
49%
103
1843/4 July
Jan
18 3/4
5,
171
68
8%
Oct
Apr
Apr
5
19% Feb
Deere
5,200
43%
35%
24%
*17%
21
62
613/8
52%
173%
3
193/4 Jun
223/4
27%
Dec
8
171%
*105
57
12
171
17%
27
25% July
Jan
16% Jan
-—;
Decca
500
44%
.35%
*23
55%
48%
23%
40%
43%
,35%
*40
;
24
55%
v.224
31
21
106%
Jan
,v'v,
171
106
15%
37% Aug 31
101% Aug 28
28% Mar
5
Jan 22
Aug 22
25% Jan
*
<
July
44 %
9% Jun 25
5
May 28
18
25
Dec
133/4 July
52
12
195% Apr
6
Jan
Jan
Mar
26
Jun
353/4 May 21
1053a Jun
5
68% May 10
2
Jan
103/4
47
22% Jan
2
Jan
48
Feb
60
30
Jan
19% July
38%
(The)
.1
Dayton Pow & lt 4%% pfd——100
110%
42%
553/4
30
*113
67
106
2
16
Chemical Corp
Davison
4,600
22%
12%
107%
140
*109%
19
423/4
22%
29%
113%
67 %
26%
♦106
87
140'
17%
*105
.
48
48
21%
106
53
Jun 25
16% May 29
533a Jun 28
12% Jan
170
-
5
12 % Aug
B
.Davega Stores Corp
18%
*192
26
145% Jan 23
1
;
115%
194
Jun
87% Jan
pfd—.100
Xne——No.paf
Cutler-Hammer
1,800
18%
35
*22%
433/4
24
24
55%
29%
64%
i
;
50
21
*192
22
5
Cushman's Sons Inc 7 %.
v
27%
.22%
171%
180
Dec
2
25% Jan
No par
No par
-1'
—
Prior
2,900
22%
>•
$7 preferred——-
20
70 3a
126
181
31%
99% Aug 22
28
22%
127
Apr
2
105
*17%
115%
24%
4
—100
170%
21%
172
127
180
*43%
31%
31
7
Jan
3% Jan
preferred—
4%%
.
*17%
v
40%
433/4
35
75
55%
44%
87%
*138%
*112%
113%
115%
17%
v
23%
23%
88
139
22%
;35%
107%
28%
1
11%
,
*70
24
'55%
.
107%
,12%
22%
36
*43%
48
•*>T~
43%
24
42%
563/4
35
44
*23
.
75
56
24%
54%
♦
S
35%
•
24
22%
75
*39%
44%
12
22%
*70
Jan
Mar
6
Cunningham Drug Stores Inc..2.50
Curtis Pub Co (The)
No par
30
105%
27%
110%
*383/4
35
X43%
.
*109%
40%
443/s
34%
i
Dec
37
J'
18%
19
*109%
Dec
9%
33%
xl82% Jan
d
:mA m
49%
Sep
Jan
5
Jun
13% Mar
Jun
1013/4 Aug 6
58% Jan
2
30
43%
Jan
2
—
Inc
Press
8
Feb
May
5%
47% Feb
12% Jan
—100
10
26%
16
10
preferred —
32%
41%
29% Jan
100
100
preferred
Cuban-American
5,300
41
70%
6%
preferred
303/4
'% 40%
,
5%
50
;
150
106% m'/105 %
35%
*34%
27%
200
19
*145%
-
30%
41%
1063/4
*34%
20
*118
303/4
18%
•
7,900
103
*26% «>27
19
♦145%
*108
A
70
5%
27
19
150
40%
140
19%
*253/4
183/4
*145%
40%; if
16%
253/4
19
150
1
40%
69
253/4
18%
♦145%
29%
*135
253/4
25%
Dec
Mar
1
No par
243/4
102%
43%
10
25
Crucible Steel of Amer
25%
29 3/a
Oct
Mar
No par
—.8
No par
102:i/4
:
May
36
47
203/a
102%
353/a
Feb
73/4
5
22
123/8 Jun
24
20
Dec
24
9
58
preferred—
Crown Zelierbach Corp
$5 conv preferred.
423/4
4
13
Aug
3
400
243/4
Nov
2
47%
25%
102%
Dec
112
Jan
47
1023/4
24
Jan
49% Aug 31
283/4 Mar26
$2.25
jun
83/4 Jan
37
-
Aug
109% Jun
29% July 27
100
2
13 % July
143/»
Jun
Jun
30% Nov
12
14
30
Jan
102%
6
46
Jan
7%
21
30% Jun
11% Jun
100
2
10% Apr
16%
6
Feb 23
26% Jun
115
6
No par
44%
95
27
25
14% Mar
5
No par
47
43
Dec
Crown Cork & Seal
*463/4
24%
Oct
Dec
Orosley Corp (The)
47%
*102%
preferred
Cream of Wheat Corp (The)
Jun
25%
37% Jan
25
Co
33/4 %
Oct
6%
Jan
1
1
1
Oct
108%
,
18%
200
*473/8
Jan
293/4 Jun 28
26% Jun 15
5,100
47%
Jan
23/4
2
323/4
453/4
*47%
43%
Crane
1,000
102%
6% Feb
20%
36%
47%
25
109'a May 23
253/4
Jan
44
28
Feb
11%
36%
47%
*
37
21%
28
28
43%
28
*36%
25
43/4 July
Jun
44
43%
28
38
Dec
Feb
26 '
37
43%
28
Dec
3%
Jan
*36
44%
27
Dec
24
X27%
43%
29%
31
Jan
Jun 21
1003/4
x273/4
43%
*36%
4
4%
28
102%
Inc
Coty Internat Corp
21 %
Dec
40
100
Coty
4,400
Dec
95%
103
Jun
323/e Jun
106% July 18
.5
100
—25
Preferred
20
8%
37%
37
>18%
2,600
191
8
101%
27%
*145%
66%
*189
8
42%
42
60
66 %
191
Co
26
Jan
52% Mar 27
Trust
29% Nov
Feb
Jun
3
20
Bank
Glass Works
3 % '/<?
preferred
Corn Products Refining
Jan
8%
Jun
1% July
20%
49% Jan 16
16% Aug 9
Exch
Jan
243/4
183/e
33 % Jun 14
1
Corning
79
5
Feb
95%
\
933/4 July 30
No par
Corn
190
Oct
Apr
%
28
38
24
No par
$3 prior preferred
No par
Copperweld Steel Co
5
Conv pref 5%
series—
50
Cornell-Dubilier Electric Corp
1
3,600
104
2
Jun
108
14%
16
33% May
Dec
43%
Feb
104% Mar 10
5'a Jun 19
2
26% Apr
8% Jan
.
Cooper-Bessemer Corp
2,700
33
io33/4
1033/4
37
24%
18%
56%
323a
36%
100
102%
18%
*563/a
33
39% Juri
12
49%
37% Jan
109% July 11
31% Jun 26
Jan
18% Jan 20
5
Continental Steel Corp
Aug 28
105
108% Jan 24
10
Del
of
Jan
Jun 13
52
253/4 Jan
2
17% Aug 21
,
par
Motors
Oil
Continental
220
100%
37%
100
66%
56%
Continental
2,000
52
•51
'
12
30%
51
2
Dec
17% Jan 24
5
Continental Insurance
2,000
52,600
31%
Dec;
97 %
273a July 27
11% July 19
20
No par
No par
No
23
5% Mar
31% Jan
par
Continental
5,900
Apr
4% Apr
—.20
Inc
Can
$3.75 preferred
Diamond Fibre
200
13%
Corp of America
preferred
Continental
6,500
109
513/4
$5.50
700
16%
xl06% Mar 28
—25
$4.50 pfd—No
Dec
24% Jan
,
No par
pfd
100
6%
180
Pow
Feb
98%
29% Jan
1
Consolidation Coal Co
Consumers
30%
•34%
of Cuba
rr
700
100
133/8
53
pfd
conv
400
113
49 v
*108
$1.25
1,700
18%
29
*98
,
93
Feb
26% Mar 31
15
Gas
Feb
84
101
Jan
2
33AMar23
partlc preferred.
——No par
Laundries Corp—————5
$2
6,500
22
19%
10%
99%
100
23%
18%
213/4
303/4
70
125
Jun 13
25% Jun 14
July 30
22
,
Consol
37%
Deo
Jan
108% Apr 21
"> 18% Feb 16
l3/4jun 26
1
21%
•
par
Dec
35%
76
89
Jan 24
283a Jan
2
:
No par
No par
No par
5
$5 preferred
1,100
8,000
•
23
No par
$4.75
s
353/4
3% Nov
15% Aug 21
!1 Jan
2
No par
.
preferred
Consol Coppermlnes Corp
'
5,700
■
304
Co
Edison
Congoleum-Nalrn Inc
Consolidated Cigar.:
,
500
**'
i
4%
4% /•; 4%
30%
33
32
313/4
105
Commonwealth
Conde Nast Pub Inc
Jan
Jan
107
May 31
104/ July 17
Jan
39
100
$6 preferred series..—;
2,700
.
26V«
25%
8% July 12
47% Jan 24
——10
-
preferred.—
conv
41% Aug 27
•;
•
9
Jan 15
21
'.Commercial Solvents
—No par
Commonwealth & Southern—No par
500
108;
108
4%%
12
28%
I per share
2
84
95% Jan
par
No par
Credit
Commercial
;
37%
28
Highest
t per share
2
Jan 27
No par
Pictures—
preferred—
$2.75
,
■
9,200
38
30%
107
.
.Columbia
1.100
50
*49%
".■SIX •51%
105%
50
24%
1%
'103%
4%
:
233/4
23%
Co——No
Carbon
Columbian
90
5%
5
32%
Year 1944
40% Jun 26
Mar 27
90% Jan
11%
31%
Range for FrevfMt
Lowest
$ per share
Mar26
31
100
100
preferred series a.
5% preferred
/,
260
.
110
30%
105
-30%
1063/4
.
-
17%
•37
343/4
*103%
110
*31
4% Jan
37
V
$ per share
—No par
6%
1,500
•
107%
30%
34%
31
30
v-Vi:::tV
2.50
Class b
*Ooiuiuoia Gas & Elec.
28,100
1%
17
37%
.31%
34%
33%
105%
50%
'105%
107%
30%
31%
34%
33%
51
*37
38
♦103%
*103
:••• .•
Range Since January 1
Lowest fxx'XHighest
2.50
Columbia Br'd Bye Inc cl a_
:< 3,800
,
39%
.
7%w,
40%
.
104%
105%
17%
51
•105%
'r
v
•
..
Par
:
23%
x
.
exchange
'
f
-
stock
new york
'
T.39%
.
40
7%
<
t per
share
far
the Week
Aug. 31
Aug. 30
Aug. 29
Sales
Friday.
Thursday
Wednesday
Tuesday
Aug. 25
f per share
STOCKS
HIGH SALE PRICES
*
Dec
.7
Volume
162
Number 4417
THE COMMERCIAL &
FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
Saturday
Aug:. 27
$ per
$ per share
:
SALS
1%
-
2
Thursday
S
1%
Friday
-~
Aug. 30
9 per share
2\
9 per share
%
1%
$ per share
-'1%
l%
15%
16%
16
16%
15%
15%
15%
15%
73%
*74
74%
73%
73%
73%
93
*89%
93
•1%
73%
"89%
.
v
*89%
93
*88%;
74%
14%
14%
14%
13%
14%
}:14%'
23
23%
22%
22%
22
22%
22%
22%
49%
50 %
48%
49
49
49
49%
49% ••
♦6'A
6%
6%
*
3,800
'
•
(Equitable
Erie
1,000
Erie & Pitts
14%
50
3,500
3,900
Evans
1,300
v"-
22%
Eureka
Ex-Cell-O
Vacuum
*6%
6%
*6
6%
6%
200
6%
53
53%
53%
*52%
53%
53
53%
53%
54
*28%
28%
28%
28%
*28%
28%
28%
28%
28%
28%
16%
16%
16%
16%
16%
i6y8
16%
16
16%.
15,300
22%
22%
*22
22%
22%
22%
23
*109
110 %
22%
110%
OQ
22%
"
*108%
108%
108%
110
34'A
*34%
35
27
27%
*27
27%
11%
12'A
12
12%
37%
37%
105
*104%
105
105
27%
27%
27%.
55%
56
56%
38
103%
26%
27%
57
56%
k)
.v:
700
Federal
28
300
Federal-Mogul
12
8,100
Federal
38%
2,700
Federated
57
105
27%
•V
57
80
27%
62%
62%
62%
62%
62%
62%
6,100
*107%
108 Vb
107%
107%
107%
107%
300
52
49
49
31%
*44%
*38%
110%
*45%
40
62%
45
45%
*39
40
40
8%
8%
63%
*62%
46
46
40
40
4,008
64
64
140
20%
20%
62
62
16%
16%
37%
139
38%
8%
8%
6%
8%
6%
6%
*137
38%
38%
57%
120
37%
52
121
8
8%
8%
6%
6%
18
*18%
Apr
24
Dec
Jan
10%
Aug
Jan
32
Dec
108
18%
16
16%
18%
18%
6%
8%
*15%
16
i
„
18%
18%
*66%
68
*66%
9%
26%
.
*59
16
15%
*105%
i6%
107%
*106
.
26
107%
1
8%
3,100
Gabriel Co
6%
8,400
Gair
18%
3,000
Co
*59
16 Vb
55%
9%
9%
*181%
184%
181%
181%
*181%
;
21%
21
21%
20%
21%
10%
10%
10%
10%
10%
30%
29%
29%
28%
*159
>
130
29%
163
46%
45%
45%
45%
4%
4%
4%
155
*148
53%
par
No
.
*127%
45%
4%
128%
52
*127%
49%
128%
*128
4%
*148
52%
50%
128%
,
155
*128
20
46% >47%
45% i 45%
45%
'
1,900
31
162
162
47%
45%
4%
4%
30%
162
46%
4%
128%
10
50%
128%
50
72%
128%
3,700
28,000
127
6132
49%
50%
6,300
300
'
70%
71
70%
128
126%
125%
*126%
60 a'2
60
60%
60%
*60%
61
70%
128
32
71
70%
70%
*126%
71
*126%
127%
*60 %
61ft
iV
71
r
*126%
"*60 '/a
;
18%
187/8
<18%
19%
18%
19
*18%
18%
18%
19
27'A
27'%
27%
27%
27%
27%
27%
28
28%
15
14%
15%
14%
15
14%
14%
14%
15%
5,600
109%
109%
110%
*109
2%
35%
'*134%
*109
2%
34%
137 %
110%
2%
•
*134%
*4%
4%
4%
25%
25%
25%
23%
23%
23%
104
103
2%
35%
35
2%
4%
43/,
25%
26,
2%
*2%
35
35
*134%
138
35
138
*134%
4%
25%
35
138,-
*134%
4%
4%
3,900
24%
1,800
24%
24%
24%
106%
106%
33%
33%
33%
33%
33%
33%
29%
30
30%
30%
30%
31%
30%
30%
24%
106
33%
*107
107
107
31
30%
*107
17
16%
*98%
27
27%
*95
96%
30%
27%
*107
*95
*107
30%
*107
16%
17
16%
4%
151
*107
99
99
99
27%
27%
*94%
27%
97%
31%
30%
53%
53%
4%
4%
*94
31 Vb
*52%
27%
4%
200
28%
5,100
97%
*97
54%
4%
151%
8,900
28%
31%
*149%
17%
33%
5,700
100
4%
54%
4%
*149%
151%
31%
*53
151%
*149%
151%
29%
29%
29%
30%
29%
30%
33
30%
30
64
65
64%
65
63%
64%
64%
64%
x64
151
*102%
*102%
103
56%
57%
56%
*102%
103
103
103
56%
57 Vs
110
110
110
110
*109%
110%
57%
56%
*110
103
*110
22%
23
23%
24
24
24
24
24%
12%
'
500
112
12
12%
11%
12%
11%
12
11%
12
Gotham
2,700
: 9 Vs Feb
7 Vt Jun
i7% Jan
2
Jan
2
Jan
Mar 21
114% Jan
%
<40
Feb
;<
•
Motors
Jan
4
,3%
43'A Aug 23
Jan
62
125
:
May
130
3
27% Jan
9%
1% Jan
3
28% Jan 24 i
Jan
par
par
par <
par
50
par
par
par
par
---8
Jan
2
Jun
15
x97
July
48
12%
2
41
49
49%
50
50
2,100
36% Jan
22
49
16%
16%
16%
16%
16%
6,900
Great Nor Iron
Ore Prop—No par
14% Jan
2
16%
168
-168%
169
*72
79
170
169
77
*72
*72
169
169
169
79
*72
79
59%
*59%
60
170
'
59%
59
59%
59%
60
24%
24%
24%
107%
>105%
107%
35%
35%
35%
35%
6%
6%
6%
6%
6%
199
201
200
200
*200
203
>198
205
79
59%
2,500
25%
14,000
107%
37 %
*106%
107%
36%
37%
17,300
7
7%
8%
8%
8,400
219
225%
225%
225%
210
24%
24%
107%
24%
*106
*198
170
170%
59%
175
24%
*105%
35
*72
*105%
37
36%
6%
*198
220
25
*175%
2,950
190
22%
22
22%
21%
22%
22%
23%
*67'A
69%
69
69
68
68%
*68%
69%
68
69
500
85
51%
52%
52%
52%
52%
53%
53%
53%
53%
54
5,500
Gulf
-
22%
:
161% Mar 16
Jan 20
64
52'A Jan
22% Jan
25
25% Dec
52
Aug
4% May
Dec
Jan
85%
Jan
40
Feb
98
Jan
36%
Feb
51%
Dec
104% Jan
6.
15
v
8
112%
Jun
2
8%
Jan
1%
Jan
3%
Jan
26
175
54% Jun
Nov
104%
15'A May
Aug 27
32%
Jan
Dec
14 Vb
Dec
17'A
Nov
25%
Jan
49 Vs
24%
Jan
30
Dec
May 25
/V 143%
Feb
163
Nov
May
17'A Mar
55% Jun
175
72
Jun
1'
26
58
Jan
23
82
Jun
49% Jan
6
28
33
Jan
2
10
20% Jan
2
30
....—No
preferred..^
100
15'A Jan
2
22
103% Aug
2
Dec
:
July
19 Vb
Feb
24 "A
Dec
105%
Dec
11'
Apr
32%
Dec
3%
Apr
Jan
123
6%
26
14 '
57 Vt Mar 16
21
Feb
55%
105%
•
225% Aug 30 '
30 % Jun
67
57
8% Aug 31
par
Dec
43% Feb
22
63% Apr 24
:? 28% May 28 ,:,
5 "A Mar 26
26
July
16
108% Mar 13
44% July
2
Jan
Dec
19'A
42 %
12
14% Mar 27
Oct
Aug
July
5%
Feb
9%
S:,.\
54% Jun 22
19% Jun
24
167
17%
l'ft'7
32% Aug 28
:
Jan
pat
Corp
Apr
22% Dec
2%
Aug 27
28 Vb Jan
104'A
™..™...No
preferred™
Oil
Aug 20
2
28'/a Jan
46
_Nw
Gulf Mobile & Ohio RR
6,400
22%
22
—
45
5
12% Aug 271
6
Jun 20 I'TV
2
4% Jan
16%
6% pfd—No par
No par
WO
Green Bay & West RR
100
Green (H Ly Co Inc
1
Greyhound Corp (The)
No par ;
4'A % preferred
100
Grumman Aircraft Corp..
1
Guantanamo Sugar——..No par
P<% preferred
ion
8% preferred ctfs__.
100
18% Jan
:
May 16
24% Aug 31
Mar 26
5% Jan
49%
Western Sugar
Preferred
Dec
;
it-1
16%
Great Northern Ry
90 Vt
Jan
112% Mar
107 % May 19
49%
Great
Jan
llVa
July 27
16%
3,900
69;-
x57% Feb
48%
10,300
Dec
13
?
16%
32%
"5ec
65
3
52%
Dec
16%
25
23
32%
31% Pec
28%
31% Jun
14 VB Jan
51
27
Jan
Jan
105% Mar
18% Jan
32
Jan
19%
i
20
_——No par
51
Dec
110%
Sep
19
Feb
1
July 27
Apr
Granby Consol M S & P—
31%
19% Nov
14% Jan
22%
.
Granite City Steel
No par
Grant fW T) Co.—— —10
49%
Oct
25% July
74%
16
12
Grand Union Co
50%
Dec
Nov
4%
19% Apr
165% Jan
147 Vt July 27
2 5'/a
31%
124
Apr
July 30
4% July
3% Jan
53
2% July
Nov
.<
Nov
Feb*
57
52 % Jan
2.200
32%
3%
'/
Jun
11% Aug
Apr
29
25'A Jan
102
23%
107%
Apr
100% Jun
1,000
49%
1%
Nov
13% July
7%
110
Jan
6,200
32
2
Oct
56 Vt
Oct
19%
6 i:
3 :: :, 112
9
Mar
1
17%
50%
Jan
13 Vs Mar 27
21
26
32%
Apr
6%
106
16
5
50
18%
,
3
17% Jun
17%
32%
Jan
24% Aug 31
18
July
130%
'
Apr 29
100% May 2
33 Vb Aug 31
26
107
26
50%
4%
35% May 22
5
32%
Jan
111
Mar 12
32% Feb
8
17%
49%
Jan
36%
27
90
Sep
Nov
66
Feb
125%
27% Aug 21
26
32
51%
0
July
34% Jun
par
140
134%
Mar
25
116% Jun
106% Apr
Feb
Sep
Mar
Jan
17%
5%
Mar
Mar 26
*25%
5
Mar
26% Aug 31
22
Dec
43% July
3% Aug
128
134% Aug
Feb 14
24
155
ft 40% Dec
'
6
3 %
Feb lot;
^3% Jan>3 £
Dec
.•* Dec
29 % July
Feb
2%
20
37
:
124
'; Nov
115;:
6
Jun
16
110
7
1
5>/«
26
Mar
30% Mar
2
Mar 27
106 % Feb
Jan
25 y*. Apr
•
72% Aug 31
22
Dec
7% July
35
,
,
19
100
8
100
19%
40
22
134
Aug 20
.127
Nov
22'/a
Jan
140 .*; Feb
r
Aug 28
Oct
9% July
161
Jan
81%
r
52% Aug 29
25% Mar 29
par
54%
Apr
4% Jan
5
150'
1
Dec
Jan
11%
May 31
4% Jun
2
134% Jan
17%
5
6%
.
47% Aug 31
48% Jun
1
Dec
16% Dec
Feb
143
26
99
No par
1
Hosiery—
7%
*
25
172
24
Jan
17%
*25%
Jun
139
«
4
156% Jan
& 37%
17%
5%
41%
;
22
32 V4 Jun
22
27% Mar 20
Dec
58%
10% Feb
22
Jun
r
7%
23%
18 r
12%Jun
37
22
par
20
V
Jan
•
Jan
19
17%
26
r
26
183% July 30
26% Jun 15 /
22
17%
17%
5%
7
51
•
47%
V'
64% May
18
'16
Dec
Jun
19% July 11
par
10c
18%
Nov
16
par
,-1
Jan
Jan
18%
104% Apr
49
Sep
66
108% Jun
:
Dec
7
July
5% July
17% Dec
Jan
2'A
12%
•
t.-
:
16% Deo
12
15% Sep
19
V, 62% Oct
May 16
4% Jan;
9Va Jun il •'
;V
13%, Feb
31
Apr 27
16% Jun
26
*25
•
19 T
116
76
2
Jan
16%
5 Va
2%
27
20
44%
Jan
Apr
20% Apr
12% Jan 22
26
5%
29%
103
38% July
18% Jan
16% Mar
66% Feb 16
1
(B F)
Graham-Paige
129,000
2
4
: 18% Feb
21
—No
$5 preferred
No
Goodyear Tire & Rubb—
No
$5 convertible preferred—No
9,500
53% Jun
123 % Jun
11
Goodall-Sanford Inc ———10
57%
Jan
Sep
Dec
135
Jan
30%
17
Jan
58
70
7 V
Mar 26
Jan
23
r
9
Jan
Goodrich Co
56%
May
41% May
Jan
6,900
100
146
10
5,500
103%
9
5
15
53
65
*102%
57%
110%
60
Mar
Jan
Jun
par
(Goebel Brewing Co..—I
Gold fr, Stock Telegraph Co
100
2,000
17%
19
July
par
30%
%
23%
23
12
*149%
5,300
32%
108
Jan
10
No par
preferred—No
General Telephone Corp
Gen Time Instrument Corp—No
4'A % preferred
General Tire & Rubber Co—
,4%% cum pfd—
Gillette Safety Razor
...No
$5 conv preferred
—No
Glmbel Brothers———_Nn
$4.50 preferred
No
Glldden Co (The)
No
4 %%
conv preferred..
20
110
Dec
13%
Apr
123
General Shoe Corp—
1,600
25%
WO
4l0c
Gen Steel Cast $6
800
99%
17
97%
*52%
4%
33%
*98%
28%
31%
■
31%
*107 r
.
280
107
31
31
.
17
99
'•
'
*33%
31%
108
17%
97
31
110
99
4%
52%
31
108
*52%
31
52%
4%
*30%
31
108
99
16%
*98
110
*107
110
30%
108
preferred—i;..——
Gen Realty & Utilities.
General Refractories
3,000
26%
107%
Outdoor Adv A
6%
26%
Jan
V 27
61% Jun
Railway Signal—U4—No par
4%
*24%
10
No par
.
Public Service
26%
20
4
14'A Apr
9
Gen
4%
Dec
2
Jan
2
Gen
25%
Dec
29
160% Jan
2,000
138
.
69
Jan
1
1,300
2%
2%
34%.
33%
*107
50
109
109
3
35'
106%
24%
106
106
111
*109
Jan
16
26
No
——„w,—No
Gen Precision Equip Corp—-No
General Printing Ink
$4.50 series A preferred
No
2,400
14%
53%
15
56 % Jun
Common—.—
2,600
27
preferred
Gen
Nov
5
41% Jun
lOVt Mar
General Motors Corp
5,500
16
80 Vb Jun
6% Jan
cum
$5
21% Apr
2
.No par
General Foods Corp
$
No par
Gen Gas & Electric A
No par
$6 conv preferred series A_No par
General Mills <new)__
—No par
5% preferred
———100,
4,800
155
*148
25
13
31
General Electric Co
27,500
4 Vb
-4%
158
1%
58% Mar
Jan
preferred.
l—-—-100
General Cigar Inc.,ii«w#4—Wo par
1% prelerred
——100
-
Dec
43% Aug
11V» May
4% Jan
No par
———No par
Class A—.—
140
33 %
Jan 24
•
16
General Cable Corp—
2,200
130
Dec
8% July
8% Jan
General Bronze Corp—
Dec
24%
5% May
8
2,800
30%
30%
<
Jun
42%
26
26
42%
8
—
26%
Jan
10% Jun
Jun
113
5
50
Transportation.—;
4,900
<20%
10%
130
31
30%
45%
45%
30
20
Amer
18% May
34%
8
—No par
General Baking
$8 preferred.
Dec
27
48% May 16
41
Jun 13
75
34
Amei^ Investors—.,^..—-—1
$4.50 preferred i—:—....—..100
Gen
Jun
24
118
Gen
3,200
33% May
14
;1
Industries Inc
4,500
*
184
10%
130
*157
47%
46%
*148
150
49
30%
162
*157v
10
*20
10%
30
:
*181%
21
130
30%
56
10
10
8,600
107%
55
184
20
60
Wood
Aug 28
Aug
25
20
Gaylord Container Corp—
5%% coriv preferred
Jun
44
57%
59% Aug 20
20
Gar
109
Jan
15% Jan
No par
1,600
Apr
110
2
25
Ao par
8,300
Feb
35%
47% Jan
No par
1
Co
38%
103%
52
6% Mar 20
1
(The)—
May 14
3
110% Mar
4
30% Feb
No par
Co
Jan
Dec
Nov
May
64
26
July 20
41
par
preferred
$3
Mar
107
—
9%
16%
♦106
*
9%
X20%'
130
29%
30
47%
150
47%
46%
30 %
129%
163
*158
47%
46%
31
130
>30%
130
16%
55%
*181%
20%
t
*59
9%
•.
67
Co
53 %
16
'27%
-
27
16
107 y8
Gamewell
27% Aug
Jan
23% Jan
Corp
Gardner-Denver
54%
184
10%
130
„
900
700
•"9
.
60
>
*106
9%
9%
9%
26%
16
16%
Jan
2
cl A
(Robert)
18%
Jan
17
45
No par
Co.
16%
*66%
67
9
59%
'
93
4
29% Jun
60"
26
(The)
Inc
18
11
42% Jan
preferred——.
6%
•
107% Apr
2
Jan
105% Apr
No par
18%
;
:
18
26%
107%
54% : 55%
,54%
9%
16%
*66%
9%
*105
53%
-
18
26
59%
15%
60%
16%
16 Vb
67
,
9%
53
■
9%
9%
27
*59.:.
60%
./
16%
19"
16%
*18
*66%
68
9%
27%
9%
26%
•
18%
22
Jan
50
—,..—100
Trailer
6%
6%
*18
22
21% July 24
"
18 y8
18
38% Jun
103
1
10
(The)—.—No
22%
Nov
28% Jan 23
preferred —..—100
*18%
8%
*8
6%
18%
,
4 % °/o
Dec
Apr
Fruehauf
800
Jan
Aug
5
280
120
90
16%
16%
52%
52%
120
2,700
27
105
Jan
17
1,700
16%
16%
140
120%
51%
120
120
17
*16%
*137
39
51%
57%
51%
♦119%
16%
*136
37%
100
109% July 27
7
2,200
*26%
17"%
9
53%
35%
26%
Jan
Aug 23
7
122%
35%
26%
14%
23
May
53
35%
26%
Dec
14%
13% May
120
35%
26%
Dec
47%
Jan
32
38
35%
26%
44%
Jan
9%
38% Mar
140
35%
26%
400
Jan
21%
5
.—.100
Florsheim Shoe class A
1,100
33 V*
7
2
38
63%
8
22
*37
21
*62
May
9% Jan
38
*20%
63 y8
-
Dec
23% Jan
140
20%
20%
*62
64
6%
25% Jan
Corp
Steel
Jan
5
27%
No par
._
$4 preferred
Follansbee
Dec
19 %
10
6% conv preferred
,—,,100
Food Fair Stores Inc.——
——1
Food Machinery Corp..—
10
Foster-Wheeler Corp
10
6% prior preferred—™
25
Francisco Sugar Co
——No par
F'k'n Simon & Co Inc 1% pfd—100
Freeport Sulphur Co.
—10
64
*63
63%
8%
8%
8%
Dec
47 y8
16% Aug 28
Mar 28
104
17%
Jan
33% Mar
5
Jan
17
*
20%
37%
57
4
-
Apr
2%
•
2
preferred™.
Stove
Oct
9%
21%
'
28
.5
preferred
Florence
13%
No par
First National Stores
100
9
4%%
Apr
2
No par
:
_
Dept Stores
Flintkote Co
300
*39
!
45%
35
139
14,900
130
26%
16%
1,000
32%
109
35
34%
50%
31%
109
109
*39
3%
62
63
*26%
*135
45
50%
31%
*108%
*20
20%
*20
31%
110
63%
63
62 %
50%
50%
31%
*109
8%
8%
51%
31%
46
40
8%
50%
32%
*109
45
.
52
x31%
32
110
;
6%
7% May
12% Mar 26
Firestone Tire & Rubber,/..;——125
62%
108%
12
15% Jun
25 Vs Jan
Fidel Phen Fire Ins N Y—
62%
84% Aug
42% Jan
Ferro
*107%
Dec
Feb
20
Corp_l
..<—15
Corp
conv
Dec
78 %
par
1,500
62%
110
Traction
Motor Truck
Enamel
14
70
2
Mln & Smelt Co
4%%
Jan
Jan
Jan
No
Dec
9%
23% Aug 23
1,400
107%
i
& Co
Highest
1%
Apr
46%
57% Apr
57
'C
60%
-
-
2
} 6
i.
I per share
22
24
2.50
1944
84% July 11
89
Jun
7
15% Jan 24
Televls'n & Rad
Light &
$6 preferred
20 % Jun
%
20
42 % Jan
::z:::i3
Morse
Jan
86
9 per share
share
2% Jan
19
27
11% Jan
50
....
Co
Federal
10
107%
I
Fairbanks
600
36%
*103%
104 %
27%
57
68% Jan
Fajardo Sug Co of Pr Rico
Farnsworth
38
*
100
Corp
11%
*27
38
1,700
110%
35%
27
11%
105 ;
*27%
*109
35%
11%
38
*104%
27%
35
x27
12y»
12%
OO
55
>:
*27
38
37%
34%
27%
34%
34 "A
-
*109
par
Exchange Buffet Corp
1,400
16%
52
*
par
No
:
Cleaner.
Products
h
May 21
12% Jan 12
.
RR Co
9 per
share
—No
pref series A_
'
6%
9 per
Lowest
Highest W
Lowest;, r
Bldg
Office
commodL
KH
5%
92
22%
49%
<"r
•
Year
Range Since January 1
/
*
ft/ft Par
11,200
14%
14%
Range for Previous
'
STOCK
YORK
EXCHANGE
'
77%
*88%
14%
4
1%
-
STOCKS
NEW
'Shares
15% * 16
-
92
-
Sales (or
the Week
Aug. 31
V
73%
.
./ ■
;
V\
Aug. 29
RECORD
■'
PRICES
Wednesday
\
Aug. 28
9 per where
share
::i 1%
HIGH
V'Tuesday
Monday
Aug:. 25
AND
997
-
Jan
-6% Aug
189% Dec
16% May
33
Jan
62%
Dec
42 %
Sep
50%
Dec
H
20
19%J
103%
*107%
29%
•
104
110
19%
20
103%
22%
23
*
104
r:
23%
*150
35
35%
35%
9%
9%
:
*103%
*29
*107%
110
*150
V.
36
,19%
103%
22%
*34
29
28%
27%
-27%
35%
*34
36
*34
105
?:
9%
*103%
35%
105
19%
v
110
22%
155
:
10%
;
29%
19%
104
104
*107%
35%
105
*34
20
♦103
155
35%
*10
29%
*19%
104
>103
35%
29
*107% .110
23%
22%
*152
.10%
*34
35
;
10
*103
♦107%
23%
23%
155
35%
35
*9%
10%
104
350
V
3,500
10
35%
1.600
10%
1,200
104
:
V 4%
conv.
Hanna (M A1C0 $4.25 pia_. No par
110
23%
Printing Co
Hamilton Watch
900
19%
104
Water
Hall
1,500
30
*153
105
Hackensack
35%
10
Harbison-Walk
Q%
Refrac
preferred
Hart, Schaffner & Marx
Hat
Corp of Amer class A
6Ytfr
preferred
"
12%
For footnotes
see
page
12%
1003.
12%
12%
12%
12%
12%
12%
12%
12%
17,300
Hayes
Industries
No
par
—100
10
1
(modified)—1^0
1
Inc
28
18% Jan
2
107
Feb
17
9
7% Jan
4
104
Aug 31
9% Jan
4
154
Feb
x30
Apr
39
Jun
22
Aug 31
Mar 19
-Apr
33%
DeC
15% Mar
22 Vt
Dec
27
/11%
Apr
102
Jun
104% July 27
110% Jan
24
155
12
July 12
Apr
2
15%
138
109
Dec
Apr
21
July
Jan
152
37% May 28
10% Feb 16
5%
Jan
May 16
104%
Jan
28
6%
Apr
112
14 y8 Jun
16% July
8%
110
Dec
Jun
July
9% Dec
IS
Monday, September 3, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
998
Aug. 25
« per
$ per share
share
^
10
10%
io»/4
•:
*182%
•
1153/4
116
25
*24%
793/4
♦77
*182%
—
10%
1153/4
25
79%
"77
77
10%
10
10%
25%
25%
25%
25 Vi
77
*182%
.
116%
115%
115
115
t per
__
27%
27%
27%
27%
27%
27%
94
95
94%
95
95
78
*182%
95
*134%
•76%
78
132
X21%
95%
*134%
79
11%
116
*
-
200
Helme
2,100
Hercules
96
1,300
*1341/2
*130
6%
136
*76%
*22
223/4
22%
223/4
*30 %
33%
*30%
23%
33%
.
*31%
24%
24%
♦24%
243/4
*24%
24%
24%
243/4
50%
51
51%
*51
52
*51%
52
52
52
17%
17%
18
*18%
19
19
19%
20
:'v: .i/YYyY29%
30
29%
30
29%
19%
29%
29%
29%
29%
29%
'
52%
45%
52
52%
51 %
52
51%
52
45%
46%
46
46%
51%
46 %
51%
46
46%
46%
.
J
52%
:}%:■
:■/
46 %
900
Hires Co
Holland Furnace
'
i
;
v
2.300
22%
23
223/4
23
22%
23
223/4
223/4
4,400
26%
27
27
27%
27%
27%
26 3/4
27
3,300
♦10614
108
♦106%
1(38
108
108
*106%
108
80
80
80
80
80
14%
14%
14%
15
143/4
15%
15%
153/4
15%.
15%
...
37%
*
38% i
38%
38%
39
39%
39%
40%
40 3/a
40%
:r:>
.
5%„
:
6%
163/4
163/4
*163/4
28
27s/s
27%
273/4
6
8
17
17
27%
'
27%
27%
•,
32%
30%
31%
6%
6%
6%
30%
6%
29%
6%
6%
31
—
.
6
5%
17
5%
16%
—
.
•
363/4
♦353/4
6
y
6
6/
6»
:
Hudson
>800
-
30%
303/4
27%
303/4
31%
33,900
6%
6%
61/8
.6%
23,300
Hupp Motor Car Corp
*16%
17
.
28%
35%
35%
32%
32
31%
323/4
333/8
11,300
61
60%
60%
*59
60%
603/4
603/4
61%
61%
-400
*82
84
83
*82
83
83
83
*23%
30
29%
293/4
*28%
29%
*28%
29%
26%
26
26%
26%
26%
26%
26%
25%
36
*82
31%
*
55
55
56%
56
*118
175
*117
119
♦171
175
93
933%
93%
95%
2,800
Inland
12%
12%
13 %
13%
13%
3,200
93% *
12%
9
123/4
9%
*9
47
6%
107%
7%
10%
10%
10%
191%
193
89
192
903/«
193%
90
89%
184
184
*183
7%
103/4
105/8
193
89
48%
107
*7
11
193
87%
9%
473/4
*106
7
7
184
*9
473/4
*106
53/8
184
5%
5%
22%
22%
22%
89%
89%
89%
*88%
5%
6 •'
53/4
5%
33%
33%
:<33%
33%
6
33%
136
*134
136
135%
5%
53/o
22
*9
48%
*106
*7
10%
191
89
9%
104%
118%
300
.
*9
6%
9%
100
49%
49%
1,500
106%
7%
7%
7%
900
103/4
10%
11%
19,100
193
193
90%
183%
53/8
'
90%
183%
>
40
3,700
333/6
33%
34%
16,300
138
*134
'
138
*134
28%
28%
28%
283/4
28
28%
27%
28
28
28%
14,700
97
98
98
99
99%
99%
98%
99%
993/8
99%
1,800
17%
3,800
,
•
15%
15%
95%
96%
*40
40%
*
—
145
44
*41
44
41
*40%
40%
41: .»■
/
Y
120
*125 v
26%
26%
151
,
24%
/:■
125
123
*117
123
*125
144
*128
26%
26%
253/4
26
25%
25%
24%
25
24%
25%
'26%
y'25%
24% '24%
'24%
*25%
*37
39
*37
155
*151
155
*151
49
42
129%
-
111%
155
1,000
37
300
*151
155
30%
Feb
2
Jan
16
7% Jun
25
1% Jaa
v
10
Jan
19
23% Jun
26
6,
-•
26% Aug 21
32% Feb
28
14 % Jan
6
34
3% Jan
2
May 19
6% July 31
Jan
22% Mar
8%
Feb
1% Jan
70% July
13»/4 July
37%
July
2%
Jun
11%
Dec
28% July
16% Aug
6
Aug
Nov
24
Feb
32%
10%
Jan
23%
Dec
25%
Jan
56
Dec
72% Jan
24
91
Jun
25
46
Jan
77%
Dec
18% Jan
22
38
Jun
26
8
Jan
22
Dec
19% Jan
2
27
Aug 31
2
52
a»*/2 aan
104
Aug
104% Jan
par
1
2
166
Feb
26
82
Jan
37% May
8% Jan
25
3
14% Mar
6
9 % May 25
50% Apr
20%
Oct
42% July
Jun
158
Jun
95% Aug 31
Apr
35% July
9
174
6
37% Jan
29
15%
100
11% Mar 26
104% Jan
Auk
1
1091/8 Mar 16
122
Jun 15
2
par
1
173% Jan
No par
Machines
Business
*—100
178% Jan
4
2% Jan
•
195% May 19
88%
106%
Dec
Jan
111%
Nov
Mar
71%
165
Sep
Feb
X87
Aug
9% May
7% Jan
29%
12% July
8% Oct
40% July
82%
Dec
180%
Dec
6% Aug
3
1%
Jan
' 7
15%
Jan
18%
654
Jan
80
2
24 % May
2
89i% Aug 28
2
28% Jan
24
Feb
23
100
Preferred
International
5%
17
Paper
Co
Salt
No
-
129
19% Jan 26
13
—100
No par
100
;
preferred—
Inter Rys of Cent Am—"
5% preferred
conv
84% Jan
Silver—
par
Interstate Dept Stotfjs-..
Intertype Corp.—
—
t
92
8
25%
Apr
140% May 22
30j/4 May 29
99 %
July 16
...
*38%
39%
Dec
Feb
12%
92
Jpn
47
35%
Jan
48
Aug
Sep
3
2
56%
Jan
93
Dec
1
18% Jan
2
31% May
31% May
2
117.
Jun
Feb
135
7
11%
Jan
20
Dec
7
1-1%
Jan
20 V4
Aug
Oct
25% May 18
15
Apr
20% July
24
26% Apr
24
15
Jan
20 Va
Aug 31
41% Jan
9
29
Jan
45
July
138% Jan
144
Dec
17% Jan
% Jan
Jan
2
12
151
Aug 27
34% Jan 22
42% Aug 31
lim4 Aug 22
101
Jan
2
114 % May 31
-No par
118% Aug 22
27
31
.—12%
Jan
130
Aug 27
Jun
40
25
18
Apr
Dec
38% Aug
126% Aug 30
preferred
Johnson—
Dec
94
Jan
100
129%
21%
Feb
Jan
100
*126%
Oct
Feb
7%
.No par
1,300
136
13%
66
68%
5
145
129%
Jun
32% July
39%
1391% Jun
——I
Jan
Jun
Dec
6V8
21
19% Jun
134% Jun
19
130
3% Aug
Aug 31
47% May 5
42% May 31
100
2
36
Johns Manville Corp.
&
Jan
19
I
Jewel Tea,Co Inc.
4%% preferred
Johnson
4%
Jan
No par
No par
1,100
3%%
1
137% Ap„
18% Jan
—
$8 preferred
300
Feb
;
Island Creek Coal—;
36% May
26
Mar 27
39
,—100
No par
No par
preferred
7% Feb
9% Mar 26
79
41% July
No par;
50
Intern'1 Telep & Teleg—
; Foreign share ctfs
Jan
Nov
Apr
Jan
5% Jan
j
188
Dec
67%
75% Jan
5
Chem
ft
154% Feb
105 y2
165%
Apr
100
Min
preferred-
Apr
-Nov
7
187
International Mining Corp—
_1
Int Nickel of Canada—
No par
4%
104
27
90% May
23
—25
Hydro-Elec Sys class A
19
109
74% Mar 21
-No par
Harvester
42%
200
Feb
21
.-100
Preferred
111%
3<>%
7%
20
34% Jan
'8% July
42%
*38%
Feb
63
6
20
10% July
*108%
126%
9
Aug
Jan
41%
126%
85\
22
6%
10
128
109% July
18% Apr
43% Feb
12% Jan
Jun
18% Aug
a_—
21
111%
128
103% May 21
66% Jan
2
j
47% July
45 <■:
11% Jun
41%
128
39%
,.*39
,900
25%
25
36
3
Apr
Jan
8% Mar 26
International
900
i
28
May
13%
No par
1%
26%
}
2
Jan
42
Interlake Iron
*108%
130
*125
39%
38%
129%
129 %
1293/4
39%
42
*108%
129%
*125
39%
*41
112%
25
Y
7
26
International Shoe.
21,400
23% May
No par
100
■
25% Y 26%
25%
23
39
26
Jun
48
2
Jan
144
25%
24%
*108%
125
*39
*119
26%
60% Jun
2
Apr 28
;
700
40%
144
38
130
40%
123
253/4
*151
109%
128
40%
Dec
6%
International
44
19%
6
110
.530
100
*125
24%
42
42
17%
97%
*42
*119
38
38%
I" 151
•108
40%
"263/4
v*26%
f 25
25
25
24%
44
26%
26%
±u.
17%
97
145
,**125
t;.
16%
97
*42
136
125
& *'118%
26%
*37
16
96%
97
*40
41
>120
4
15%
96%
15%
15%
*96
44
*134
Jan
27
11
800
63/a
13 V*
Apr
International
22%
89%
63/8
Nov
8% Feb
4,800
22%
*88%
63/«
Sep
21%
Aug
Aug
Dec
47 y4
Jan
Aug 27
30
2
23%
13%
6% Mar 28
Int
88%
Jan
36% Mar
19
No par
3,200
22%
20%
25% Aug
Intercont'l Rubber
53/8
5%
28
Aug 31
16% Jan
20
Corp
183%
22
Jan.
Feb
52
15
42
19%
20% Feb
7
44
*
28
42% Jun
Ctfs Inc
Interchemical
International
88%
Aug
17% Jan
.—100
Insuranshar?6
Int
89
2
23
17
Jun
29% Feb
25
76
No
> 4%% preferred
3,100
22%
33
Dec
32
Jan
3
No
*
Co
Steel
140
5%.
125
30
preferred—
1,100
193
90
184%
5Va
Ingersoli-Rand
175
106%
48%
107
July
Apr
24
Inspiration Cons Copper
47%
106
33
Rayon
93
12%
73
114
21% Aug 22
No par
No par
No par
preferred A»
$4.50
175
12%
5%
Industrial
119
118%
Jan
133% Aug 20
19% Jan
ctfs series A
RR See
*171
*171
63
15
100
1000
Indianapolis Power ft Lt
*116
93
15
Feb
29% Jan
.
175
93%
22%
3,200
4%_
lines
118%
*171
12%
*89
57%
Feb
July 20
80% July 16
Mar
47% Jan
'
180
6.100
-
Jun
134
20
104%
92%
5%
57
*1033/4
Leased
40
Y
27
89
Jan
100
-6% preferred series A.
*1033/4
93
*183
57%
104%
82%
30
263/4
/
104%
119
*171
9
57
*103
81%
29%
Apr
—100
Central RR Co
Illinois
*103%
104%
106
37
75
128
1
118%
*103%
*47
58
56
*36
non-cum
Idaho Power Co——
700
32
36%
32%
36.3/4
32%
61
v# yy-.-
5Vo
4,600 f
31%
36
Aug 31
41% Jan
preferred
Hud Bay Min ft Sm Ltd——No par
Hudson Motor Car—
No par
17%
273/4
96
138
23% Jan
100
100
Manhattan
Feb
8
Houston Oil of Texas
ft
Apr
Feb
Nov
27%
25
Houston Light &
1.100
13,700
,
31% Apr 24
75%
170
21 % Aug 20
3%%
:•40
82
20%
Sep
Dec
22% July
72
preferred
100
Power Co;—No par
v t c—
25
Borne Sound Co
—5
3,200
79%
Jan
Mar
160
9
8'/a
112
15
No par
Finance
Aug
Sep
63%
80 % Jun 25
189
Mar
20%
Feb
-
-
Household
2.300
'
80%
*80
....
>
10
22
99
8
25
Highest
I per share
123
—No par
12.50
Houdaille-Hershey cl A—.—No par
Class B
No par
2.000
Feb
Jan
Jan
Holly Sugar Corp
Homestake Mining—
27
108
(Del)
2.500
23
79%
(C E) The
2%
1944
82
10
---1
10
9
Hollander & Sons (A)
2
Jan
9 per share
share
26% Jun
118;
Lowest
130
5
ft Dkuch Paper Co
ninde
71% Apr
13
•/■
11% Aug 31
10
22% Jan
par
Corp—
1,300
26%
*106
Rubber
Mar
170
.No pat
—No
f per
Mar 26
20% Jan
Nov 15—100
after
preferred
700
1
:
22%
—
.
pfd-5%
conv
Hewitt
200
24%
.
<4
1,200
31%
Motors
Hershey Chocolate
100
100
223/4
31%
79
132
.108
No pat
—No par
Hercules Powder
24
*17%
preferred
28
79
130%
25
—15
25
—100
Co
W)
non-cum
96
31%
:-n
(G
1%
-i.
49%
.
Glass
Co.
273/4
27%
95%
136
1303/4
32
Hecht
80
*182%
9
6
Mfg. Corp:
Hayes
600
$ per share
Par
■
Hazel-Atlas
25%
*77
73
Y
1,240
Year
Range Since January 1
Xawest
Highest
STOCK
EXCHANGE
53,000
113/8
Range for Previous
STOCKS
NEW YORK
Shares
116-
25
1313/4
31%
*76%
11%
*130
21%
21%
136
*76 5/s
79
132
*130
22
*134%
136
*134%
136
78
*130
*25%
% per share
116»
for
the Week
.Aug. 31
share
25
6ate»
Friday
Y
Aug. 80
.
$ per share
share
9 per
v
Thursday
Aug. 29
fi.fr.
Aug. 28
Aug. 27
/
»
LOW AND HIGH 0ALK PRICES
Tuesday
Wednesday
MMi«y
S«t«rd»*
107%
Jan
112 Va
Nov
84%
Feb
105
Dec
30
Nov
34%
Sep
'
*111%
113
113
*111%
*120
112
112
*120
363/4-
36%
37%
96%
96%
96%
110%
110%
26%
26%
27
273/8
*111%
37%
36%
37%.
x36a/4
97
96%
96%
*95
1123/4
112%
112%
*111%
26%
26%
X26%
26 %
25%
27%
.
27%
27%
27%
27%
:
113
*120
*120
*111%
10
113
~373/4
4%
Joliet
•120
38
38%
21,700
953/4
953/4
'900
2nd preferred-1
100
&
100
90
par
100
79
100
91 % Jan
2
i
19% Jan
stamped
•110
112%
26
113
114
26
26
2,700
28
28
5%
1,600
-
pref series B conv—
Joy Mfg
Co
—
——
Jan
10
27% Jan
107%
112% Apr
17
102
Apr
25
90
39
Jun
26
20%
98
July 16
9
Chicago RR
Jones ft Laughlin
5% pref series A
"
96%
109% May 31
24
Mar 27
116% Jun
30% May
.
Sep
111
Dec
May
95
May
Jan
28
Dec
58
Jan
80
Dec
26
66 Va
Jan
93
Deo
9
10%
Jan
20%
Dec
18%
Apr
K
•118%
21%
49%
*21%
122
:;22.
122
*118%
21%
■
50
*48%
21%
21%
50%
Y
22
22
122
*118%
21%
22%
50
50
*118%
.27%
122
*118%
800
,
-Kalamazoo Stove ft Purn.
22%
23
23%
50
50
51
51
'600
.800
7.300
22%
23
353/a
353/a
X35%
35%
36 Va
36%
Y
28%
28%
28%
28%
28%
28%
28%
28%
1,400;
Kelsey Hayes Wh'l
25%
2b Va
25%
25%
25%
25%
*25
25%
25%.
25%
1,900
>
38
38%
38%
38%
373/4
38%
X37%
38
37%
383/8
13,900
28
29%
29%
30
31
X30
30
*29%
30%
800
Keystone Steel & Wire Co
49%
493/4
493/4
493/4
49%
49
700
13%
133/s
Kimberly-Clark Corp
Kinney (G R), Co
81
13%
Y;
13%
81
*36
81
%
*80%
293/4
107%
107%
28%
28%
*28%
*10%
10%
*10%
*38%
39
40%
49%
49%
49%
13%
*12%
133%
*13
13%
81
29%
29%
107%
81
81
*81%
84
20
,
30
107%
29
29
10%
107%
/
29
81
29
49
600
1,100
293/a
107%
107%
28%
29 %
293/4
2,400
1073/4
29V4
1,900
283/4
10%
10%
10%
10%
200
39
39
393/4
393/4
42%
42%
41%
42%
41%
42
1,100
2,100
5%
53%
5%
39
42
42%
•
Kayser
(Julius)
Class
*26%
55%
5%
53/3
26%
553/4
5%
5%
34
34
34 y4
*33%
*26
26%
*55
56
Y
5%
5%
23,300
4%%
Kresge
an]
34%
500
Lambert Co
263/4
100
Lane
55
*55
551%
55
55%
400
13
13V4
13 y8
13%
12,400
13
13%
13
13%
38
37%
373/,
12%
11%
37%
373/8
12 y4
37%
37%
3,600
11%
11%
11%
113/4
113/4
12%
10,700
23/4
23/4,
453%
2%
4,800
2%
23/4
2%
44
44
2%
44
45
43 y4
4434
43%
423/4
45%
43
45%
42
423/4
*22%
42%
42%
4,800
*223/4
23%
,
23%
22%
20%
21
20%
62
$23/4
.
8%
9
62%
57%
57
96
96%
*95
953/4
186%
*37
97
97
186%
38 3/4
187
*38%
53%
53%
54
48%
49
48 3/4
97%
2,400
42%
23
22%
23%
20%
20%
20%
21
•
21%
4,400
63%
9%
20,700
;
62%
62%
62%
9 y«
57
96%
46
613/4
9%
.
;
42%
*22%
62%
9
57%
-
203/8
22%
2\%
62%
9%
9%
56%
56%
9%
56%
9%
56%
96%
96%
961/4
963/4
96
*95
96%
553/4
*95
55%
963/s
600
4,300
■
600
300
189%
188%
961%
1883/4
383/4
189%
30
39
38%
x383/4
383/4
39%
39%
300
54%
54%
54%
53
541/4
55%
56
49%
48%
49 V«
49
491/4
49
187
*187
26
Aug 31
22
38% Ju& 28
17
Jan
22% Jan
18% Jan
23
2
28% Feb
20
Jan
26
Jun
27
11
35% Jan
24
40
Apr
—1
cl A.
96%
*188
.
6%
Dec
Aug
24%
Jun
Jun
13%
Jan
19%
29%
Jun
37%
Dec
19%
Jan
24
Dec
8
49% Aug 27
31% Mar
42
8% Jan
15
28
Aug
9
mm
8% Apr
37
Jan
Feb
28
54 Va
Jan
34% Jan
3
5
32
Dec
108%
112
Mar
29 % Aug 31
Mar 26
22
Dec
Feb
9%
78%
34%
Oct
Dec
Dec
Dec
108%-Dec
27%
Nov
10 Va
Oct
42% Jun
4
27% Jan
39
Dec
44 Vi May
7
31%
Jan
37% Nov
26
Apr
*31% Dec
38
Apr
26
8
Jan
12%
Oct
Aug 27
21
Apr
31%
Dec
Jan
8y«
Dec
Feb^
11
7
35% July 27
No par
•
28
Jun
90
1
Aug
26
3
15% Jun
24
(new)
100
4% Apr
5
7% Feb
6%
Jan
2
No par
31% Jan
3
35% Jan
19
No par
2$
Aug 23
S
—
47
Jan
10
12
Valley Coal
preferred
conv
Corp
-
29% Jan
24
38
6% Jan
30
17% Jun
v
3% Jun
8
1%
Jan
2%
Dec
22
50 Vi Jun
Feb
39 y4
Dec
47
Jun
8
16
15%
22
29%
Jan
38%
Dec
24
Jun
26
18V4 Jan
21%
Jun
31''
17%
19% Dec
2% Mar 26
20% Jan
22
51% Jan
24
7% Jan
par
3
17% Jan
.
2
21% Aug
"55
,
May
9% Apr
83%
Jun
Jan
3
97 y4 Aug
28
67%
Jan
86 y2
Jun
Jan
5
25
174%
Jan
39 y4 Aug 31
Lima Locomotive Wks
No par
47% Jan
25
59 Va Mar
493/8
4,000
Lank Belt Co
No
41% Jan
22
51
1,100
Lion Oil Refining Co
No par
19% Jan
22
2,300
No par
1
29 % Jan
2
19% Jan
No par
25 % Aug
21
1
21%
21%
21%
*21%
21%
33%
33%
34
*333/4
34
28%
29%
29
29%
28%
29%
29%
293/4
29%
303/4
26%
26%
39,200
Liquid Carbonic Corp
Lockheed Aircraft Corp
263/4
27%
263/4
273/s
27%
27%
273/a
273/4
20,600
Loews
Inc
—_———
Dec
Jan
2,200
32%
8V2 July
49%
68 y4
78
20%
53% Aug
Jan
96V4 Aug 27
32
32
Jan
6% Apr
57% Aug 27
181
'
42
2
Jan
25
par
5
17
Dec
39
47% Mar 28
78
Y
_100
Series B
4y4
Dec
36% Jan
7
8
23 ;
Preferred
18 y
49%
35% Jan
1
No
16 V4 Jun
Jan N 4
50
Lehn ft Fink Prod Corp
5
Lerner Stores Corp (new)—_No par
Llbbey Owens Ford Glass
Libby McNeill ft Llbby
Life Savers Corp
Liggett ft Myers Tobacco-*
55% Aug 27
22
25
No par50
(The)
-
Aug 23
26
No par
4,000
X26
Dec
24
Lily Tulip Cup Corp
96s/s
124
32% Aug 17
107
Lehigh Coal ft Navigation Co
Lehigh Portland Cement
:
Lehigh Valley RR
Lehman
Dec
38% Jan
par
—No par
(Thel
Bryant
Lehigh
117-
22% Mar 10
No par
.10
20%
18% Jan
20 y4
-100 >
32
1003.
39% Mar
Feb
1
Mar 26
124
70% May 14
20%
page
Jan
13 V*
1
32
see
19%
No
20%
For footnotes
18
23
34
_No
32
'
59"% Jun
Lee Rubber ft Tire
v
37%
23/4
22
100
3
L
34%
133/s
2%
14%
Jan
Gas Lt Co
*25%
38
2%
Laclede
34%
423/4
"
conv
Kroger Grocery ft Bak
26%
11%
ti-*
v
Jan
Co...
Kre'sge Dept Stores—
Kress (8 H) ft Co
*34
37%
Vt-''
;
6%
preferred—,
(S S) Co
•26
12%
Of
18
prior preferred
Koppers Co Inc.
34%
*54
29% Jun
$5
26
26
22
B—;
-Yi/
5%
33%
&
Kennecott Copper...
100
293/4
»107
160
10%
39
3
Jan
par
•
39
*10%
39
42%
v
13%
107%
*29%
V
*30
22%
Jan
23% Jan
22%
37
28%
/37//Y
21% Aug
Feb
Jan
13
City Southern
No
4% non-cum preferred
Kaufmann Dept Stores;-—
28
*36
1
20
117
Kansas
*22
•22
28% Mar
.10
No par
Kan City P ft L Df ser B.
122
21%
195 y4 Apr
182
Nov
32%
Dec
26%
Feb
1
7
36
Apr
52
Dee
37
Jan
44
Dec
24% Feb
7
17%
Nov
22% May
Feb
13
19%
Jan
30 V4
Dec
31
30% Aug 31
14%
Jun
23
Nov
10
28% May 17
Mar 28
r 34%
Mar
72
iVoIume 162
■
999
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4417
NEW YORK STOCK RECORD
5/;
LOW AND HIGH 8ALB PRICES
-
Bstardsy
-■ki Monday
t per share
share
;5
eo i/2
'•'
20%
46 Va
61VA
46 V2
26%
-
26
26%
62
20
26%
*173
26%
177
■*■'£ ?5%
16%
'
••
153/4
'
27%
*173%
16
163%
56 »A
2,000
Lone
Star Cement Corp,
Bell Lumber A—
No
r
7,200
■■■■
LorlUard (P)
20'
;V
■
200
Jan
4
23% Jan
2
166
100
NO jar
,
17%
16,600
Lultv.Ua
ubCCi
July
183
28
V.U
Jan
Dec
16 3A
Dec
44
Dec
20% July
v
165
Deo
20%
Jan
253/4
Apr
30
Dec
Feb
148
Nov
Jan
48
Dec
24%
Oct
21
17% Aug 31
13'A Aug 21
Aw
—
Apr
151
1
,
Jun
60
53
'
Jan
17%
'
5
27% Mar
Mar 27
52
Louisville & NasfrvlUt--—--——50
2,900
9 per share
•«
__r__
Louisville Gas & El A
-
.
S
2
27% Aug 30
2
'40% Feb
BVa Jan
.
21
Highest
a
9 per share
62'/§ Aug '30
21 y8 jun
r
50 JA May
18% Jan
—10
Co
preferred
1%
.
6
40% Feb 20
25
1944
^Lowest
I per share
23„,.
15V2 Jan
pat
Biscuit
Jan
50
No par
Long
Loose-Wiles
Year
>
.
I per share
Pi*
1,100
26
£
55%
165A
%■; 16%
i
.
6,000
27 3%
54%
EXCHANGE
/
177
*25%
26
Rang* SI Jilt Vannary 1
Highest
Lowest
■*•
.;■*
c'-V
48
27%
173%
*255%
55%
56
48
173%
27
~
255/8
55
473/4
Range for Fvevtatt
STOCK8
NEW YORK STOCK
i
Shares
6? £ 62 y8'
20'A
203/4
£
'
i, the Week
I per share
20 y2
473/4
;V
6?y8
2G%
56%
14%
62
Salea for
*
Aug. 31
47%
'■
26
"
61%
-
Friday
Aug. 30
t per share
20%
176
56
Aug.-W.
•473/4
26'A
14%
1
W-rty
Thursday/?
f per share
:
*25%
56%
14%
-
48
*172%
->
25 %
56
61%
47%
175Vi-
25%
■4
30%
.30%
,
'
*172
Wednesday
9 per sharp, " :
V
6i'A
20%
Tuesday
Aug. 28
•Aug. 27
Aug.* 25
9 per
;
M
*32%
108
335/8
*32%-
156 "
*151
56%
'£ 57'
56%
37%
*105
33%
*151
57%
37%
37
108
375/8
37%
*105%
107'/a
1073/8
22%
233/4
233/4
22%
23%
19%
19
19
19%
Macy (R H) Co I«c
1,800
Madison Square
*415
9
■:
460
*415
8% £ 9 '
V
460
8%
*415
9
.
16%:
*15%
163/4
28'/4
28%
*28
29
4%
4%
4'%
16%
9
8%
*28
4%
,
X
8%.
8%
8%
8
16
16%:
16%
16%.
28%
29%
*109
1101/8
*108
110%
26%
26%
26%
26%
21%
22%
20%
21 %
*20%
43%
441/4
44%
443/4
32%
32%
32%
24 %
243/8
24%
*188
38
106 '
-
*105%
106
12%
123/e
12%
51
50
114
*112
49%
*112
41%
42
23%
24
110%
24%
42
*233/4
1103/4
110%
*112
26%
25%
18
17
*101%
40
22%
221/4
67%
111
363/4
25
25
57
57
323/8
32
*104
18%
114
26
173/4
17%
*104
105
*101%
105
41
41%
42
23%
22%
23%
68%
69
*67%
69
38%
*35%
38%
*35
38%
44
44
43%
433/4
109
109%
109%
: 8%
8%
27%
26%
41-%
27
42%
157%
157%
42%
158
.
3%
47
26%
27%
8%
27%
27%
42
41%
*156%
61
61%
15%
15%
16
3%
*3%
471/2
47%
62
62
*61
*15%
15%
*3%
3%
48%
*3
47%
*109
112
*110
112
*110
112
*108%
111
*110
112%
*UQ
11?%
10%
*111
109
*107%
10%
10%
116
*111
26%
109
10%
115
*107%
109
28
*110,
112 Va
112%
*110
112
*107%
*107
109
10
k* 9%
114
*111V*
26%
26%
13%
12%
133/8
12%
34%
353/4
33%
13%
345/a
33%
34%:
46
46%
46%
463/4
.46%
47
47%
47%
27%
28
96
96
*28
943/4
26
28%
<
28
95
3
9%
*111V*
35%
26%
93%
116
116
116
116
*115
116
*113
116
*113
115
.
13
6,400
100
i
1,800
473A
273/4
273/4
95%
97
*115
115
115
115
*113,,;
115
-
28
27
Apr
323/4
Oct
14
Feb
22
Dec
47
Mar
553/4 July
28 3/4 Nov
,_18
Jan
3
.._1
39
Jan
<~ —1
No
par
..10
67-
67%
44
44
*43%
44
t
300
37
37
37 y4
38
i
490
*371/4
38
37
37%
363/4
36%
37
37
*373/4
30%
31
30%
30%
303/4
31
30%
30%
303/4
27%
27%
27%
27
273/s
27
27%
27
38'A
31%
27%
3,200
271/4
1,900
Motor Products Corp—
Motor Wheel Corp
38%
39
38%
39
38%
38%
39
30%
393A
393/4
1,300
Mueller
3,500
Mullins Mfg Co class
15%
103%
*29%
153/8
15%
*102%
*97
99
*97
*110
112
*110
181/4
18%
59%
59%
17%
*60
104
30
15%
"
32
993/4
112
155/8
*103
30
*103
98
98
*96
*110
112
15%
*110
:
32%
*96
99%
112
173/4
61
61
61
-;
10
104%
.
1,500
32%
100
993/4
112
17%
61
61
*103
313/4
173/4
:l73/e
18%
155/8
15%
104 Va
31.5/8
112
17%
20
■■
16,900
17%
500
63
*60
7% Jan
Jan
55 ya
Dec
39
Aug
Jan
38
Dec
107
Dec
107
Dec
Jan
116%
July
19 y4
Dec
36'A
2SA Dec
46
Apr
Mar
107 ^ Sep
1.08% Aug
31% Mar;
2
5 % Jan 22;
22% Jan
16'A Jan
Jan
25%Ja.n
2
33
79% Jan
2
97% May
5
July 26
Jun
113
11 1'A Jan
par
Feb
116
1063/4 July 26
47% Jan 12
113
par
par
41
32% Jan
119
#
2 y* Jan
28
9%,
8
•
X
£
114
2
Jun,
11:
Oct
88 7A
117
Oct
Jan
Nov
119%
Sep
Jan
,
113
Aug
107%
41% Apr
35BA jan
23
44% Jun
21
34 y4 Aug 21
44%
Jun
May 17
42
Oct
Jan
35 3A
Deo
24% Jun
Nor
21
32
53 %
21 'A
9
Jun.
Deo
Sep
25
1113/4 May
28
Apr
ey* Dec
18%
39% Jun
74% Apr
68% Aug 31
47
Oct
Jun
23% July
Jan
193/4
8
•
Mgr 26
" Dec
111
8% Jan
18
Aug 31
par
par
112
*
X 173A Feb
163A Jun"18
vX48;£
Nov
"
49% Jun
3
Dec
113
X 6% Jan
£ 93Va Jan
8
Dec
114
*
22
36
■v
15 Va
Jan
23% Mar 27
28 3/4 May 17
163A
Jan
25'A
8)% Jan.
ft
26 ya
Apr
9V2 Jan
6
40 * May 5
16% Jun 27
33%' Dec
10% Oqt
21% Jan
par
5
1
B
12%, Oct
7 / 111% Apr, 24
:X'; 11% Jun 23
r 7'A Mar 26
119% Jun 19
109% Jan
4
109% May 21
—1
Co
Oct
May
105
5
Aug
58 3A'
I'A Oct
2
48% Aug 31
f 113% Jan,
39
1443/4
Apr
108 y4 May
•—
No
X
<
Jan*
46
Mar 13
20
106
97% Mar ?7
Np par
Inc—.———No par
Murphy Co (G C)
No par
.100
43A % preferred-—
..10
Murray Corp of America
Myers (F E) & Bro
—No par
$7
27 Ve
6
Mar
5
13/4 Mar 27
-50
Certificates, of deposit
28%, July
Sep
74% July 11
22% Jun. 18
<
4
8>A July
23%
160
.
Apr
1
31% Apr 24
453/4 May 17
M
42% Mar 26
May
Dec
Mar
Aug 20
109
16 V*
27
23
13
Jan
8%
25
9% Mar
Mar 24
Oct
Nov
111 •/: Jun 29
.
53
Sep
38 Vt
37
3
253A Aug 21
par
Morris & Essex
15%
Jan
37
Dec
July 10
72
45% May 9
45
Aug 31
,
.
106% May 16
.100
C
NP
Co.—No
Nfi
37
30
3
94
31%. Apr
Aug 31
24% July 10
Mar 10
100
Jan
*
13
Jan
70
43
193/8 July
Jan
82
14 % Mar 10
—5
Dec
8
3
2
543/8 Jan
% Oct
111
,
103% July 27
94
33
13
Sep
16% Aug
Aug 27
105% Aug
98% Jan 12
Dec
Feb
Aug 29
26% Jun 22
18
104 3A
Apr
X
10
103
Jun
114
123/s Mar 27
S
97
9
18
19%
3
11 y* Jan
215/s May
26
Mar,
108
,
109% Jan 24
—No par
44
102
33% Jun
24
Apr
6
104% May 21
13% Jan 25
.100
A—.—Np
67%
15%
,
;
~10
*363/4
30
Jun
Aug 27
1 6
Np
*43%
102
Oct
21
112% Apr
Feb
Apr
25
-20
37%
Brass
Jan
.
109 3/a
27
25
Mills
43%
j
Aug 13
Jun
39
No
68%
170
16
:
243/4 May 18
115
61% Mar
series A
43%
17.700
DM
29%
2
-
68%
25
Jan
2
Corp.
37%
673/o
July
Jan
No
Impl
67
67
193/4'
43% Aug 31
29
52
5
Monsanto Chemical Co
430
44
1103A
*
110
..10
Monarch Mach Tool
'
108
*107%
11% July
106 Va Mar
193/4 Jan
,—5;
$6.50 preferred——:
68%
108
Maris
193/4 Jan
Minn-HoneywellRegulatori.u, —3
.100
.4%. conv pld series B——w.
.100
/, 4 >/« % r preferred: series
.100
k A %. preferred series
.
37%
*1073/8
Dec
Nov
32% Mar
112
3
44%,
1071/4
107%
24 %
176%
"X 4% Mar
Aug >14
24
37%
107 %
Jun
23
Aug 27
Jan
661/2
107%,
Sep
29
Mar
51
Jan
$4.50 preferred ser
Preferred series B
170
13y4 May 29
35
441/4
107%
107% Jun
,
137
50
.
12
51% May
„
19% May
16
May 17
4
par
$4 preferred series
Montgomery Ward &
Morrell (John) & Co
1071/4
'
Jan
30 Va Jan
pfd— .100
Steel Products,.
1,000
«.
Dec
47/a
...1
—
1,300
116
*113
1,700
28
96
■o.
-.1
Mo-Kan-Texas RR
'
25%
15
110
par
No par
Co
%% preferred
Mohawk Carpet
jan
8MA Jan
cum
Mission
Dec
16 V4
403/4 Jan
(The)...
1st preferred-——. -50
No par
16,100
May
20
393A Aug 30
,__1
13,700
21
Apr
25»A May
273A Feb
1043A July 24
—
Minn Moline Power
Jan
X 37 y4 Apr
,195
par
——
i
X48
12
.100
1st preferred
—
Minneapolis & St Louis Ry—No par
Minn St P & SS M A vtc—No par
Class B vtc
No par
£
Va
33% Aug,31
21
Oct
5
5
34% July 17
...1
—
35%
>14
94 .£
,
C
26%
13V»
343/4
.»■
*
10%
26%
<
£
,
109
114
27%
116
*114
26%
12%
28
94%
3,000
112
12%
253/4
1,500
48%
10
115
1,500
3
3
48
22 y4 Aug
Deo
13%
12
6
•
47 Va May
Mar 26
Dec
No par
Midland
500
.
15%
15%
34
25%
64
*60
.
9% Mar 26
176% Jan
———w.
Metropolitan Edison 3.90%
8%
20
28
243/4 Jun 20
4
;
2,800
90
Jun
30% Jun
No
5,400
'
8'A
21% Jan 22
preferred w w—w. .100
Machine
Jan
li0V2 Jun
Merch & Min Trans Co
Mesta
6ya
18
...5
Melville Shoe Corp
conv
Aug
109% Jun
-10
5%
4
.100
Stores Co.,...—
Mengel Co
Jan
8% Feb
27 y4 Jan
preferred
2»/2
29% Aug 28
Miami Copper
Mid-Continent Petroleum
3,500
42%
115
93/4
,
48
130
158
3>A
*110
*107%
273A
•
2,400
r
8 3/a
8%
15 y8
48 '■?
*110
45
109
42%
158
64
15%
3%
48%
100
443/4
158
6%
243/4
18% Jan
McQuay-Norris Mfg. Co
Mead Corp—
-Mo par
$6 preferred series A
No par
$5.50 pfd ser B w w—-—Np par
220
36%
X109
42
158
4,800
68]/2
27%
42
158
23
68%
8 3/a
43
2,600
*35'A
109%
158
61 >/2
61%
8%
8 3/fl
20
43
X223A
44%
43%
109
70
*
105
423A
42%
223A
41%
225/8
5,000
105
*101
101 %
101 Va
17%
173/4
105
108
*104
1,200
16
9
.100
preferred
preferred
McLellan
20.
25%
,25%
175/8
17%
108
1,800
116
*113
253/4
*25%
$4
10 Vt
Feb
Peb
16
Mclntyre Porcupine Mines
McKesson & Robbins Inc—
*
-
18%
conv
Apr
53/a July 13
Np par
McGraw-Hill Pub Co...
5,700
107
18%
5%
6%
10%
183%
22
—-—No
Oct
Dec
Jun
391
3
13
2
40
,Jan
Dec
13
29 V\ Jun
20
7% Mar
...1
Wks
McGraw Elec Co
1,400
33
X323/4
114 !•
114
25%
160
900
315
6
Aug,
18%, Jan
McCall Corp
1,500
•
58%
*104
18 3/8
18%
114
25%
57 Va
107
—..
McCrory Stores Corp:
»
108 »A
16 3A July
27% Jan
$6 1st cum
25
*24%
32%
*104
18 3/8
18%
115
32%
107
109
8%
2,100
225/a
15% Apr
par
preferred-
$3.75
19
Jun
par
Maytag Co
—Np par
par
$3 preferred
—.... No
.
37%'
37
ft
57%.
*57
44
8
*
111%
36%
110
42%
*109
15
*111
36%
24%
32 y4
107
111
36%
x24%
69%
*37
50
115
1113/4
673/4.
38%
115
111JA
1103/4
223/4
67%
38%
,50
*112
'
50 /■:
.
400
5,500
600
17%
41
*112
5,200
•
12%
106
Jan
143/4
2
Jun
;
10% Jun
3
3% Jan
..No par
Alkali
14
455
7-
Jan
24
...5
N9
1% preferred
—
May Department Stores
2,000
105%
*101%
123/a
235/a
17%
105
37%
50
Mathieson
43%
105%
105%
*102
*105 Va
12%
T.
prior pfd
Corp
233% Aug 29
22'A Jan '
17
Jan
14
38% May
104
.100
Corp
6%
Martin-Parry Corp_
10
235/8
573/4
115
St Ry
5,900
395/8
42%
57%
26
Midland
Market
Marshall Field & Co..
4 V* % preferred*
Martin (Glenn L) Co
24%
233/4
57%
*112
Marine
Masonite
423/4
57
18 3/8
Maracaibo Oil
Exploration
Jup
7% May
...1
...1
193%
1053/4
..50
No
Bros..
x26% Aug
1
v
425.
1
34'A
Aug 31
Mar"
■110
Mar 28
17
Master Elec
,<•
233/4
36%
18
50
3
1,700
39
12%
16'A Feb
2,900
24%
*
*190
,39%
373/4
115
49s/8
/
193
105
12%
45%
33'A
425/a
25
17%
38%
*112
243/a
24%
193
106
12%
44%
4: 32 3/8
45
323/s
42%
36%
31%
44%
par
..10
Manhattan Shirt
4,600
*313/4
22
24
par
—5
11,100
21
233/4
25
*104
27
20'A
233/4
36%
32%
26%
20%/
31'A Jan
106% Jan
135
May 29
Apr 3%.
>
38
vrr
.100
Mandel
HOVa
263/a\
59
—Np
ManatJ Sugar Co.
390'
20
Trucks Inc
Magma Copper
.
Mahoning Coal RR Co.
6,40a
*41%
25
107
17,800
42
35%
31%
8'A
16
29%:
24
24%
*104
8%
1,900.
26%
193%
105>/4
50%
114
15%
243/s
38
123/4
.:
43/0,
V/ 28%
•109
32%
*188
106
8%
16%
44
24%
193%
38'%
193%
37%
8%
285/s
28%
*108
110%
300
,155
2
4%% pfd series A
—
Garden..—No
200
21
*313/4
*188,
2,100
26%
433/4
32
4%
4%
4%
16%
29
'?■ 110%
25%
"".
/
/£££
29
8%
28%
*108
f
2,700
16%
29
29
/
460
:
*15%
16%
18%
*153/4
29%
8
*28
43/8
4%
28%
*15%
29
16%
'
19%
"
16%
£X£
22
*415
440
83/4
107%,
19%
16
.i—No par
Mack
4,300
100'
■-.I-.'22:
.
3
Jan
47% Jan
147
.100
2,000
33% Aug 28
£28 3A Jan
-10
Forbes
«
preferred—
59
19 y8
460
'£:/«•:£
MacAndrews
£•* 6 %
38
*106
107%
213/4
19%
18%
200
;
(
58%
37%
xl8%
£.
156
37%
58
373/4
335/8
*32%
*151
156
21%
21
*415
156
56%
56%
56
36%
33%
*151
155
*105
j
33%
33%
*32%
*150
preferred
Jan
8
X82]A Feb 15
109'A Jun 21
13
Jan
Jan
20
Nov
5
Nov
116%
Feb
143/, Aug
8% Jan
53%
43% Jan
Aug 29
Oct
84
'
61
Dec
24% July
May
110
100
Aug
70
Jan
4
115
103A Jun 20
'
5
53
Jun. 16
32'A Aug 31
100 JA May 28
,22
Munslngwear
4% Jan
72
Jan
Oct
N
21'A
21%
20%
21%
20%
21
20 5/e
21
20%
21%
24,200
401/4
41
40%
41%
40
40
395/8
40
*39%
40'A
250
25%
25%
25%
26%
26%
263/«
26
26
26
:267/s
3,100
23%
24
233/8
23%
23%
24
24
24%
24
24%
22,700
Nash-Kelvinator Corp
Nashville Chatt & St.
National Acme Co
National Airlines
15%
16%
15%
16%
15%
15%
155/e
15%
15%
16
11,800
14%
*11%
143/4
*11%
143/4
*11%
143/4
*11%
18%
18%
*18 3/fl
18%
18 3/8
193/8
19%
19%
24%
*1801/4
25%
188
25 %
*180%
253/8
188
#
25%
25%
25%
188
*180%
*180%
143/4
19%
1,500
253/4
26
9,000
*180'A
188
19
255/8
188
100
233/4
*233/4
24%
16%
24%
16%
233/4
16%
15%
16%
15%
163/B
16
16%
5,700
35
36
35%
36%
35%
36
36
36%
363/8
37
4,000
National Can Corp
Nat Cash Register
15
15%
15%
15%
15%
15%
*153/8
15%
15%'
15%
2,300
National Container
24
*23%
-
*23%
25
14%
14%
143/a
143/4
14%
14'/2
14%
14%
Va
145/0
3,400
National Cylinder Gas Co
31
31%
31
31%
313/a
31%
31%
32
313/8
31%
7,200
Nat Dairy
24
24%
233/4
24
23%
23%
23%
23%
24
24%
2,700
National Dept Stores
*11%
12%
*11%
42%
42%
42%
7,400
Nat Distillers
1,300
Nat Enam &
*40%
18%
*104
281/4
*186
42%
19
105%
28%
188
*41
183/4
*104
28%
*11%
12%
42%
12%
43
42%
413/4
413/4
18%
42
42
19
*11%
>■
19%
105%
105
28%
188
158%
158%
156
157
16%
16%
17
17
17
423A
19%
:i9
19%
*104
105 Vi
28
186
*156
17
*163/4
•
,
42%
28 Va
28%
186
*156
158 Va
28%
283/4
29
28 3,4
29
28%
35
*34%
35
35
35
10%
:
10%
103/4
11
103/4
11
73%
73%
74%
74
74
74
24%
25
25
25
25
25%
25
16%
17
16%
17
.16%
17%,
17%
29%
29
101%
101%
1013/4
103
103
103
25%
,17%
29
29%
29%
101%
1013/4
101
101%
101%
101 %
1013/4
101%
19%
19%
11%
11%
11
11
11
11
11%
17%
18%
18%
18%
18%
18%
183/4
19
*39%
403/4
*39%
403/4
x40%
29
101
*401/4
*106
29
41
109
19%
*106
80%
82%
*106% 108
34
34%
*106%
80%
35
*102
19%
19%
'11
109
*106
36
109
19%
*106
x
'
195/8
•40%
109
4,200
700
25 '/•'
17%
101%
*103
19%
*11
19%
40%
•106
*
25
360
102
90
104%
6%
(The) Pa
preferred
prior
prior
National
20%
2,700
11%
2,300
6,700
400
10
Co
Nehl Corp
40%
Tea
conv
Natomas
7
20
109
85
*76%
85
*76%
85
•
*106%
108
*107%
108
35
200
J.'-
*34%
35
5%%
35
800
Jun
28
153/4 Jun 25
223/4 Jun 27
23y4 Mar 26
Jan
5
182
26 J May
.192
12% Mar
Jan
13
24% Jan
173A Jan
Co——————No par
NO par
Neisner Bros Inc
1
4%% conv serial preferred—100
Newberry Co (J J)
No par
New Jersey Pr & Lt Co 4% pfd-100
Newmont Mining
Corp
10
28
25 %
243A Dec
19 Va Aug 29
j 108
Jun
20
14% July
87 y4
Jan
19
Jan
1043A Dec
25% Jun
7
Dec
37% May
28
22
77% July 11
1
26% July 26
33% Mar 16
92 Va Jan
15
97% Jan
17
14
11
22% Mar
6
12V2 Feb 24
20
Aug 31
x43
May 29
105
Jun
105
Jun
Dec
181
Feb
Dec
159
'
22% July
173/8
Apr
28%
Jun
23
Apr
Feb
Feb
70
11%
Feb
Jun
34
5%
57%
18
19s\Jun
1
Dec
37
Jan
};■ 16
27J/s Jun
>
Feb
141
113/a Jun
10% Jan
Jan
164
37'AJun
Jan
Feb
9
5
Feb
Dec
Mar
26
7
May
Dec
30'A
May
Jan
■:j-
12
113/4 Jan
May
Jan
6
66
Jan
4
105% Jin
4
32
Aug 20
Dec
£ 233A Aug
Jan
7% Jan
F'b
Sep
.
Jan
21
103
34
Apr
13 y4
2
3
10% Ja 1
3
153/4 Mar 26
30
Jan 22
Dec
17Apr
19%
33
15
Dec
21
28
26% Feb
4
Apr
181
Feb
14 %
5
29% Aug 31
■
Mar
8% Jan
Feb
177'/a Jan
65
165
XI1%
29'/2
192 '
5
163
155
Feb 1.8
18
16 Ve Jan
4 i
Jan
24
15% Dec
243/1, Dec
x323/4 May 18
2
Xl01% Aug 17
Dec
13% July
Jan
20% May
xlO
5 £12% Mar 14
22 if 443A Jun 26
44
Jun
1
2
Jan
Jan
9%
16% May 18
16
Jun 27
t
II3/4 May
Jan-
Dec
10% Nov
26
17
353A Jan
18
413/4
20%, Dec
19% Dec
13% July
18
26
20 Va July
37
13
»
9
;
Aug 31
37
9
4
O :
Apr 24
24y4 Jun
23
13% Jan
2
313A Apr
6
20% Jan
:
7
163/8 Aug 27
13% Jan 24 £
preferred—100
preferred
100
National Supply
1,200
conv
29
22% Aug
National Sugar Ref Co
6,500
$2
25
2
No par
10
40
5,800
17%
35
v
Corp
29 3A
108
:
7%
National Steel
106 %
:
preferred A-.100
6% preferred B
100
National Linen Service Corp
1
Nat Mall & St'l Cast Co
No par
National Oil Products Co
4
National Power & Lt
No par
.
2,300
r
—10
No par
Stamoing——No par
National Gypsum Co
——I
$4.50 conv preferred
No. par
National Lead Co
-10
40,300
*34%
/
preferred
—
Products
11%
'
*29
Products
75%
*80%
82%
108
19%
293/8
36%
x75'/a
743/4
29
80
500
11
11
10%
50
29
:
72%
10
3,800
-
--
*35
29 V
*34%
;
22,400
17%
*16%
34%
-
158
17%
28%
t
29
186
186
34%
/
43
*104 <: 105%
158%
6%
12'A
42%
19%
~ 187
*156
*11%
42%
28%
*186
12%
423/4
*41%
105
28%
*186
*14
Jan
13% Jan
11% Mar 21
10
No par
—1
1
No par
No par
28
20y«Jan
Automotive Fibres too—--—l
6% conv preferred
———10
National Aviation Corp
5
National Biscuit Co
—10
7% preferred
—
100
Nat Bond & Share Corp
No par
16%
*23%
21
26
17% July
Apr
Jun
Jun
16'A Mar 27
9% Mar 26
Nat
*lli/4
11%
54
27
22% May
15% Jan 20
35% Jan 23
3
Louis—.100
—1
1
7%
Dec
July
7l"3/4 July
243A Nov
30
Vs. Mar
79%
Feb
95
Dec
83%
Jan
98'A
Die
5%
Jan
11% Nov
Mar
11% July
9
183/4 July
13%
Jan
22
Jan
32%
305%
Dec
Oct
96%
Jan
82% Aug 28
56
Jan
68
108% Apr
28
104
Dec
106
Dec
393/4 Feb
20
Apr
35
Dec
1081/2 Mar 12
27%
'
Nov
fr ti
y-'~"
t
iTHE COMMERCIAL" & FINANCIAL CHRONICLE
joor
Monday, September 3,
1945
NEW YORK STOCK RECORD
LOW AND HIGH fAT.W PRICKS
T"esd*y
Wednesday
■w
>Monday
f per
# per
then
v
Aug:. 29
Aug. 28
,
26
26
26%
26%
27%
16%
17%
17
17
16%
16%
110
*109%
*109% 110
*109%
51
52
51%
52%
25%
25%
52%
25%
25%
24%
52%
/ 126
22%
*22%
54%
22%
*50%
*50%
196
104
*103%
104%
104%
104% :
10%
11
10%
44
239%
*117%
26%
*54%
56
*57
25%
58%
1,700
35
2,100
New
104%
320
119
*117%
26%
119
X25%
11%
*108%
26%
110%
27%
*108%
27%
*110%
111%
110%
110%
45%
44%
45%
<mi/„
/im
d*
s*
51
51
51
50%
50%
50%
50%
11%
11%
11%
111
111
43%
45
43%
50%
50%
*50%
11
11
11
*52
55
*52
*52
*13%
13%
13%
13%
108%
13%
13%
13%
10%
55
*52
55
*110%
•
108%
108%
*108%
27%
.
111
27%
*111
1
28,700
111%
10%
*10%
55
*52
14
*13%
251
Jun
118
Aug 17
124
Mar
6
533/4 Jan
16
—I
9% Jan
20
-50
105% Jan
9
.100
173/4 Jan
31
1,400
Dec
Jun
23%
Dec
Jan
Jan
218
Dec
2
116%
Jun
1223/4
Dec
193/4
Dec
58% Feb
23
Jan
7%
Sep
56
Jun
Oct
543/4
51% Jun
14% July 2
1103/4 Jun 26
116% Mar
47%
153/4 Jan
52
July 31
35% Jun
Jan
333/4
193%
28
59
6
Dec
11%
Oct
100
3
Jan
xl3%
26
Jan
22%
Dec
Apr
112
106
Dec
Jan
1153/4
47% Jun
28
17%
Jan
31%
52% Aug 17
11% Jun
1
37%
Feb
50%
4%
Jan
7
55
40%
Jan
53
Oct
18
12% May
16
Jan
7
104% Nor
15% Sep
109
Dec
Apr
11
2
..50
50
2.50
12% Jan
100
Norwich Pharmacal Co
1,200
18% July
44 3,4
198%
21
26% Jun
2
6% Jan
No par
Preferred ——i
'
July
Dec
Dec
26% Mar 27
-50
Telegraph
Norwalk Tire & Rubber
Northwestern
29%
Dec
Dec
46
No par
Airlines
Northwest
170
; 55
14
110
Northern States Pow $5 pfd_No par
20
3,<*°1
11%
53% Jan
353/4
Jan
14%
44% Aug 31
2
_50
..
Dec
Jan
129
24% Mar 14
20
-50
preferred series
23%
118
Jan
30%
Dec
105% July 23
Jan
19% Jan
113/4
9
Aug 31
.100
53/4% preferred series
North American Aviation
111
27%
July
219
Northern Pacific Ry—
10,600
110%
111
37% Jan
;;
Jan
25% Jun 23
1033/4 Aug 28
143/4 Aug 21
Northern Central Ry Co
11%
11%
100
24%
57
2
.>10
6%
200
57%
8
July
50% Aug
Jan
39% Jan
109
Jan
220
pfd
non-cum
North American Co
17,300
55
19%
63
.100
Adjust 4%
25%
15
16
Mar 26
Western Ry
26
Jun
Mar 26
Norfolk
&
Jan*
75% Jun
148 ,;
17
590
55
26
2
500
*57
*108%
28% Jan
1,300
26%
26%
23
16%
Jan
Jan
103% Jan
44%
97
153/a
22
239%
16%
18%
32% Jun
22
N Y Power & Light
22
Apr
Jan
share
Apr
Jan
35 %
21% Jan
per
13
52% Aug 28
41
.
Highest
I
16%
Mar 22
162
No
preferred
$5 non-cum
i per thare
110% July 18
par
.60
N Y & Harlem RR Co—
1944
Lowest
,
9
32
44%
56
111
45
Jan
No par
100
*108%
26
109
239%
16%
58
10%
par
3.90% pfd- 100
__1
N Y SUpbldg Corp part stk
.—5
Noblitt-Sparks Industries
*57
11
Xi6% Aug 14
par
No
Dock
York
__i
.100
140
f
54
28% Aug 30
19% Jun 26
par
6%
220
25%
18% Jan 25
.100
Co
preferred series A
City Omnibus Corp
N Y
*oo
,
10%
11-
126
*103%
239%
*117%
No
No
Central
York
9 per thare
par
Dock.
—No
N Y Chic & St. Louis
1,000
51%
$5 conv pieferred—
New
Highest
t per than
/
New York Air Brake
40,900
207
»
44
239
119
26
26%
547/s
58%
25%
*57
57%
16%
44
*43
238
119
54%
56
57%
16%
16%
17
25%
*50%
104%
44
; L
2,100
*22%
55
200-
*117%
25%
25%
'W"
25
200
239%
2'600;
i
'
35
200
16%
Newport Industries.
Newport News Ship & Dry
5,800
51%
51%
*197
238%
118%
*54%
r'
*50%
,
Year
Lowest
,
For
125
34%
*22%
55
51
200
44
43%
240
*117%
24%
110
f
25%
125
"34
17
:
.
51%
25%
103%
•
16%
1G%
43%
238
123
EXCHANGE
Sharet
28
16%
*109%
110
■;"?5a-V--;'::-
50%
■
27%
Range Since January 1
NEW YORK STOCK
I per than
.
198
196
104
24%
35
*50%
54%
52
51
*22%
25
*109%
122%
34
34
16%
25%
122%
;
28%
16%
52
51
52
125%
34
34%
33%
::
51%
122
127
21 ~/B
v
110
*50%
'
$ per mare
Bange tor Previous
dales for
the Week
Friday
Aug. 81
Aug:. 30
9 per thare
$ per thare
man
26
■,*:U
STOCKS
Thursday
J
Aog. 27
Mar 17
107% Jan
Jun.16
3
143/4 Jun
12
1113/4 Mar
Dec
Dec
July
O
1083/4
108%
16% <*
17 Vs
28%
29
115
114
: ■'
30%
109%
108%
108%
*108%
109%
280
13%
14%
14
14%
143/a
14%
3,700
115%
115%
*115
115%
115%
60
19%
19%
20
29%
29%
30
77
20
20%
29%
30%
160
160
25
*23
25
*23
24
*233/4
77
77
*77%
80
*77%
80
673/4
67
67%
14%
14%
*14%
*13
13%
*13
13%
*13%
13%
*60%
62
*60%
62
*60%
62
14%
*14%
67
14%
13%
*60%
*158
800
67
161
6%
Outlet
10
14%
14%
1,200
27
27
'.
110
40
40%
40%
40%
5,800
52%
52%
52%
53
800
58
58
58%
58%
57
57
58
1,400
*1293/4
130%
171%
80
Pacific
130%
130%
*170%
171%
170%
170%
*1703/4
9%
8%
9%
9%
20%
20%
203/s
20%
7%
7%
7%
7%
73/4
19%
19%
19%
193/a
193/4
15%
15
15
153/a
153/4
8%
8%
19%
19%
7%
19
*1703A
130%
•
*15
31%
8%
20
31%
31%
31%
313/4
31%
75/8
19%
*15
31%
273/4
131%
131%
171%
1703/4
1703/4
120
9%
13,200
9%
9
21
21%
73/4
70
*109%
110%
33%
30%
24%
«
124
*109%
109%
33%
111
32%
33%
31%
8%
8%
18%
67%
68
*66%
122
122
122
34
34%
33%
13
13%
*13%
8%
8
83
22 %
8
8%
24%
39
39
•
39%
•••)
*22%
39%
36%
*38
24
1
1,500
9%
3,200
Parmelee
193/4
7,300
Patino Mines & Enterprises
69%
300
25
122
121%
24%
600
8%
84
1,200
9,500
13%
8%
!
333/4
33%
2,800
85
*22%
Penick
24%
22,700
38%
$7
400
37%
37%
39
373/4
Coal
800
Peoria
24
24%
24
24%
23%
24%
24
24%
24%
25
26%
27%
27%
28
8%
27%
*26
*107%
8%
*26%
27%
108%
*107%
108%
8%
8 3/s
11
11
10%
10%
*10%
20%
21%
21
21%
213/4
27
27%
27%
26
26%
66
65%
111
8%
26%
66
65%
66
65.%
110%
111%
112
II1V2
8%
26
28
28
*117
119 %
x38 %
39
68
28%
70%
109%
19%
*115
69
20%
*19%
120
46%
20%
*115
47
21%
*31%
106%
*118
313/4
*106
128
6%
6
72%
72%
72
83/4
9
95
*200
207
7%
11%
»irv7
61
8%
11%
*92
20
27%
27%
119%
*117%
38% ;
14%
-
47%
*20
*31%
*71
6%
70%
83/4
95
95
*94
18%
18%
*19
8%
8
8%
11%
*107
.
113/4
120
*200
8
11%
*107
6%
2U5
8%
11%
115
62
62%
84%
83
83
82
82
205
14%
98%
99
20
31%
*196
14%
99
20
14%
*96
20%
20
800
1.000
*83/4
94
v
*200
8
:
11%
*107.
62
823/4
32
*31
32
*31
205
*196
205
*196
14%
100
14%
*96
20%
20%
i
8%
1,900
;
94
*
19%
-
:
19%
80
900
*195
207
61%
*196
14l/jt
63/8
713/4
15%
100
153/4
*96
8%
12,300
2,800
12
115
63
880
83
120
500
16%
7,800
100
.
100
20%
20%
205/a
*26%
27%
*26%
27%
*26%
18
27%
18%
18%
*26%
273/4
18%
173/4
18%
173/4
18%
20%
21
18%
213/8
19%
>20%
21%
21%
21%
20%
20%
21%
21 %
20%
20%
*21%
213%
64
21%
21%
600
643/4
65
66%
61%
61
61%
61
27%
62%
„
63
63
64%
593/4
60%
60%
61
603/s
60%
21%
22%
21%
22
215/8
22
105%
105%
1053/4
1053/4
112%
113%
113
113%
120%
120%
1323/4
133
For footnotes see page
1003.
*120% 1203/4
133
133
64
61
x21%
22
21%
21%
3,300
22 %
106%
106
1063/4
106%
1063/4
112%
113
111%
112%
112%
113%
120 %
120%
*120%
1203/4
1203/4
133
133
132%
132%
*120%
132%
133
Hosiery
C
C
&
St
6%
Pitts
5
21,300
1
683,4 July
3
49 %
Jun
59%
114% July 10
88%
Jan
108%
Dec
Jan
Oct
Jan
5%
conv
Procter
21,900
,
&
May
11
Jan
213/4 Jun
2
68
32
8
6
94
Aug 21
par
Mar
10% Feb
Dec
Dec
Jan
92%
Dec
Apr
i0a/8 Nov
7%
683/4
7
205% July
Jan
2
6% Jan
4
9
8% Jan
2
99
MarlO
•
Feb
74% Jan
19
6%
45
Sep
613/8
Jan
Juu
26
57% May
73
Dec
11%
22 34
Aug
433/4 Jun
6
Jun
9
175
8%
173/e May 22
-
99
69
Aug 20
2
3
12% Jan
8
16% Jan
22
22
5
27% Jan
30
50
50% Jan
22
No par
Jan
2
102% Feb
16
17
preferred
100
106% Jan 30
70
7%
preferredpreferred
100
100
110
283/4 Jun
Nov
175
Nov
Jan
14%
Oct
May
83%
Nov
JaD
25
8%
Apr
13%
Dec
Apr
18%
Dec
11% May
18
19% Aug 31
19% July
19%
21% Aug 31
*
Jan
Dec
16%/Sep
25% Apr 30
17% Jan
24% Jan
par
;
1
6%
9% July
26
par
$5 preferred
6% July
100%
No
Mar 27
Apr
Sep
198
27
55
Aug
82
91
9
19
190
693/4 jun
2
Jun
Feb
Dec
Mar
12% Jun 27
May 28
20
12% Jan
No par
Nov
17
171
183
9
105
190
100
.—No par
90
Jan
Jan
Apr
4% Jan
100
pfd
Feb
11%
164%
May
5
Pub Serv Corp of N J
July
r61
5
68
2d preferred
28
108
1
No
Gamble
23% Feb
105% Nov
i9
96% Aug
49% Mar 27
Inc
14% July
8%
20
1
Co
Nov
48% July
Jan
15
100
1st preferred
Apr
16% July
117
5
31
100
B
Oct
July
2
153/4 Jan
A
Pocahontas
9
28
85% Jan
100
class
Feb
:*98
Jan
42% Sep
July 10
8% Jan
8% Mar 26
B
pr
11%
8
Mar
Mar
21% Aug 27
23
Jan
Jan
37"
6
55
2
25
24%
7
Apr
120
Mar 29
720
8 %
119%
40
Apr
Dec
72% Aug 31
113
6
5*>o
280
Apr
117
19
July 17
1
(The)
Steel Car
6,400
16
263/s
No par
Plymouth Oil Co
conv
May
100
Co—No
Preferred
5%
19
233/4 May
16
Jan
Pressed
28% Apr
2
25
122
21
Co
263/s Jun
21%
Aug 22
198
Creek
Dec
29% Mar
100
&
Dec
26%
25
100
Poor
71
5% Aug 21
Young & Ash pfd
Co.
Apr
Feb
23
Pittsburgh & West Va
Pittston
40%
118% Aug 20
100
conv
Jan
Jan
143/a Jan 20
No par
1st ser
9%
Jan
4V4% Jan
No par
5% %
Sep
107 % Nov
20%
111
100
class
Oct
28 Va July
5
118% Aug 20
Pittsburgh Steel Co
7% preferred class
preferred
7
28
100
Pitts Screw & Bolt
5%
233/8 Mar
105 Va
11% July 20
24% May
108% Feb
preferred..
3,000
>
9% Feb
2
105% July 26
Louis RR
$5 conv preferred—
Pittsburgh Forgings Co
Pitts Ft Wayne & Chic Ry
Dec
May 29
56% July 24
5
Chemical
&
Dec
Mar 22
107% Feb
25
preferred
Coke
96
65%
30
No par
preferred
Pittsburgh Coal of Pa
Pond
3,000
22
1053/4
*
$4
Dec
108
31% Mar 27
3
100
Dec
19%
6
Pitts
32%
205
20%
*26
.
—100
26%
Jan
Apr
123/4 Aug 21
No par
7%
207
.
——
Dec
57
>1
Iron
Dec
'
25
No par
Pitts
'
713/4
8%
95%
19%
126
*6%
71
61%
32%
*118
130
Corp—
preferred
22 Va
Dec
173/4
Jan
25
Pillsbury Mills Inc
200
•
4%
Phcenix
600
32
-
*195
207
7,200
107%
Coal &
Read
2
70%
Jan
117
Phillips Jones Corp—
7% preferred
-
20%:
*31%
&
Jan
333A
100
_
Jan
5%
54%
-No par
com—
55
18
18
2
preferred
Dec
11
21% Jan
preference
Dec
32~
25
20
18%
Dec
11%
Aug 31
Mav
66% Aug 31
35% May
55%
62J/4 Jun
4
52% May
5P
Jun
21
13% Jan
183/B
Dec
18%
Dec
26
109% May
Xll7
Jun
2
14
Dec
July
87%
:
■
Jan
Jan
117% Jun
Jan
112
21%
116% Jun
8
V
Dec
333/4
2
par
No
com
Mar
2
9 % Jan
25
50
Phillips Petroleum
200
20%
16
183/4
25% Mar
19
19 % Aug
Dec
Aug
*70% Nov
110 % Mar
Jan
2
Electric Co.
Feb
26
—1
5
Jan
19% Jan
1
;
Co Inc
&
Dec
173/8 July
10 Va
106% Jan
i
Dec
243/8
19
433/8 Jun
l
Nov
Apr
63
No par
113
Jan
92% Jan
.—100
.>100
Corp of America
59%
28
Jan
>100
Brewing Co
203/4
Apr
Jun
26
July 27
•
Jan
96
Jan
1093/a
Jan
113% Nov
Jan
122%
Jan
4
123% May
9
104 V*
121% Jan
3
138% May
3
113%
Oct
Dec
>
y
Jun
83/8 July
Jan
Apr
23% Jun
88
6
Dec
23%
2%
20
t
31% Aug
Feb
393/8 Apr
18
21
100
5
Jan
2%
Apr
Apr
Jan 29
34% Jan 23
Philip Morris & Co Ltd (new)——5
100
473/4
107%
126
9
v
20%
32
Dec
37% July
37%
26% Mar 19
_33 %c
—
(Chas)
-unco
7,000
3,500
.120
303/s Jan
106% Jan
Phila
1
38%
109
47%
21
*118
*195
*200
*19%
30
9%
113
69
2nd preferred
4.4%
——
15,900
72%
*115
107%
713/4
*83/4
113/4
21%
62%
*31
38%
72
47%
*107
6%
—
Jun
100
100
par
$1
1,800
14%
*108%
120
128
6%
28%
-
107
*118
V
32
*19%
*115
10.400
119
14%
38%
83%
31%
143/a
*31%
72
120
X273/4
5
Phila
8,700
61%
84
31%
21
120
107
19
*107
62
84
*196
31%
95
8%
11%
pn
*19%
*115
20
207
26
253/4
25%
3
May
Phelps-Dodge
Corp
Philadelphia Co 6% preferred
$6 preferred
No
120
112
71%
9
*200
112
112
*117%
14
Pfizer
510
109%
20
*195
26%
66
71%
48%
183/4
18%
x253/4
26%
Jan
(Chic)
Co
Milk Co
Pfeiffer
900
Ry
Co
Petroleum
1,200
66
*103%
46%
*92%
95
183/4
28%
*110
Pet
6,300
26%
713/4
213%
6%
83%
19
112
preferred
4%%
108%
83/4
66
109%
47%
83/4
*195
14
26%
*65%
703/4
128
%
8 •'%
*108%
107
*118
6%
28%
119%
21
*20
32
108%
120
46%
106%
28 %
70
108%
*83/8
*107%
11
25%
*107
100
223/a
28%
13%
27%
10%
25%
*117%
*265/8
22%
28
14
27%
108%
Mar 26
No par
Marquette Ry Coprior preferred
5%
11
25%
133/4
200
22%
28
13%
5%
90
11
26
119%
300
*87%
215/a
27%
13%
108
90
11
25%
*117
108
22%
111%
Pere
2,200
108
*107%
Eastern
&
Pepsi-Cola
36,700
*88
27%
62
91
—>5
Peoples G L & Coke
500
27%
Jan
Sep
13%
8% Aug 14
2
Peoples Drug Stores Ino„
800
108 %
Jan
—10
300
*26%
Dec
933/4 Feb
2
Pennsylvania Salt Mfg Co!
18%
*107%
July
109
4%
23
40
38
28
4
par
July
Dec
61
Jan
51%
May 17
173/e Jun
37% Mar 28
86
27%
38 %
July
Jan
15%
Apr 18
40% May 29
18%
*105
123
9
10
33% Aug 21
17%
28
53/4
1%
May 28
50
86
27%
Mar
213/a Jan
5
100
37
27%
Jan
11% Aug 23
No par
-
37
90
-No
Glass Sand Corp—
Penn
*16
107%
106
5% preferred
Pennsylvania RR
*85
*36%
86
;
par
oref ser A
conv
18%
27%
Jan
25
72
Cement—
86
*87
19%
18%
24% Mar 12
59
Corp
18%
*104
Feb
26%
27% Feb 28
10% Jun
No par
Corp—
1
10
Co»—
Airlines
18%
90
5
6% Aug
Jan
27
5
No
& Coke
Fenn-Dixie
*112
373/4
(J C)
Penney
63/4 Mar
Dec
233%
20
18% Aug 21
17%
45
333/8 May 17
No par
10
Ford
&
Penn-Central
Penn
500
v
Transportation
Sep
73/4 July
Feb
103
July 26
8
163
Jan
•
/
*13
84
21% Jan
—
Jan
2%
5
33/8 Jun
Dec
3%
6
45% Mar
123%
~8%
30
Aug 31
Jun
Apr
43%
34% Jun 22
22
2% Jan
*66%
122
110
17
27% Mar 26
323/4 Jan
84%
108
103% Jan
71
16
29% Feb
36%
90
Jan
Dec
123/4
73/4 Aug 31
4% Mar 20
56
42 3/4
149
23
Jan
117%
1
34% July 17
108
Aug 31
Mines—1
18%
*104
173/4 Mar
29% Apr 26
ex-privileges—1
84%
92
28% Jun
108
1
Consolidated
Utah
36%
108
2
31
Dec
25%
Aug 17
13% Jan
Dec
48
/ 39%, Jan
22% Mar 7
f 7% Aug 28
16% Mar 26
•
Parke Davis 81 Co——No par
Parker Rust Proof Co_
2.50
18%
*
Jun
10
Park
85%
92
175
3
Park & Tilford Inc
36%
108
3
8
4,900
18%
36%
5% Jan
Aug
1,000
85%
363/4
Mar
133
5,900
36%
*85
'
100
Pictures Inc
Paramount
6
16% Jan
3
23/4
373/8
83%
69%
*112
37%
160% Jan
}
par
18%
8%
37%
preferred
conv
9,600
26
53% July 2
58% Aug 29
121% Jan
1
Inc——>—No
3
423/8 Jun
3
32%
rii^24 %
■"
8%
19
8%
84
4%
10
& Ref—
Prod.
Cos
Paraffine
200
32% Apr
2
Jan
38% Mar 27
Pipe Line—No par
100
preferred
24
39
'
par
Transp——5
&
July 11
Jan
2%
13%
8%
Dec
35%
67
48
31%
33%
82%
37%
39%
*39
.
25%
IS3/* May 21
15% Mar 17
9
34% Jan
Airways Corp—2%
Petrol
Panhandle
25,200
<
33%
37
.
25
13%
4%
100
111
333/8
38
33%
*112
37%
122
Jan
Jan
2
20
24
Telep & Teleg
Panhandle East
3,800
73/4
70
*109%
33%
13%
J *22%
24%
*112
37%
36
111
34
82%
83
23
*112
8%
19
12%
84%
*24%
183/4
-
67%
121%
25
25
:
8%
17%
30
No
Mills
Pan-Amer
400
<
323/a
*68
23/4
25%
Jan
>—100
6% preferred
—_—*—100
Pacific Tin Consol'd Corp
1
Pacific Western Oil Corp———10
3,100
108
7%
70
32 >•
*66
i
16
32%
"73/8
2%
19
Apr
48%
13% Jan
45% Mar
Packard Motor Car——_—No par
313/4
8%
Sep
13
Sep
Pan American
2%
18%
14%
Jan
68,800
31%
38
Jan
8%
86,600
2%
37%
10%
Mar
11% Jan
8
—10
7%
3P/4
37%
34%
22%
33
Jun
19%
32%
12%
8%
4109%
64
75/8
38%
34%
*83
-7
*68
Feb
19%
j 2%
25
1
67%
*121
69
55%
*145/8
2%
8%
19
67%
6%
*68
3
19%
38%
24%
8%
63/4*
6%
67%
Dec
153/4
31%
2%
-ft
32
18%
'
33%
39
2%
'
109%
34
38%
■
6%'
67%
-
22
108
6%
6%
28
131
"
*67%
75%
Co
Coast
Pacific
130%
Jan
preferred non-cum
No par
2nd preferred non-cum—No par
Pacific Gas & Electric
—25
Pacific Lighting Corp
—No par
40%
*129%
64
1st
28
Sep
6
Pacific
53
Dec
24% Aug
157
5
Pacific Amer Fisheries Inc
53
14%
Apr
May
28% Jun
100
40
18
147
7
693/4 Apr
170
*27
x57
22% Jan 30
79
14
27%
22
2
62%
40%
Jun
30% Aug 27
164% Jun
7
14
52%
23
2
26
Feb
62%
52%
Jan
Oct
99% Aug
8% Jan
Jan
13%
40%
'
13% Jan 22
23% Jan
155
July 31
113/4 July
108
Dec
74
62
27%
40%
118
108%
Apr
8%
Oct
Dec
105
5
28%
12.50
Owens-Illinois
52
163/4 Mar
20% Mar
23% Nov
58
Co
3,300
40%
27%
Glass
68
52
27%
4
2.50
Co
66%
14%
.Jan
8
No par
Outboard Marine & Mfg
100
'
2
107
28
113% Mar 14
3
11% Jan
100
preferred
30% May
24
1063/s jan
—No par
Otis Elevator
70
20% Feb
24% Jan
No par
4%% convertible preferred—100
Omnibus Corp (The)
8
8% conv preferred A
100
Oppenheim Collins
10
14,'700
•
24
77
160%
16% Aug 20
No pur
Oliver Corp.
7,200
20%
29%
*158
67%
68
14%
19%
29%
158
25
263/4
*74
66%
28%
*76
*24%
— mm
17%
29
*115
pfd
4.40%
Edison Co
Oil Co
173%
28%
158
160
Ohio
Ohio
17%
28%
115
*19%
293/4
19%
19%
29%
*157
200
20,300
109
17%
28%
133/4
115
■
*108
17%
*107%
109
13%
109
17
29%
108
133/4
13%
*108
28%
17%
17
28%
108
108
s
*108
.
y
Volume
162
Number 4417
THE
COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
RECORD
AND HIGH SALE PRICES
Tuesday
Monday
Aug. 25
Aug. 27
,;
•
f per share
115 %
53%
115%
18%
111%
xll4%
57
18%
19
18%,,: 18%
lllft
*109
163/t
183/4
114%
share
114%
56%
114
57
18%
lllft
111
109
109
109
103%
26%
16%
26%
*16%
26%
16%
26%
*16%
*
57%
19%
ft
for
Range Since January 1
Highest
;
,
109
'
-
,
I per share
/ Par
Pub Ser El & Gas pfd $5
Pullman Inc—.——.No par
Pure OH
11,200
6% conv preferred——109
Purity Bakeries Corp
No par
1,800
16%
•
(The/
ao
preferred
200
$
113% July 17
47% Jan 22
No par
18,500
1.600
25%
Year
Lowest
22,200
v..
lllft
16%
ft
Range for Previous
STOCK i-,
EXCHANGE
350
25%
16%
i
STOCKS
NEW YORK
.
Shares
114%
56%
18%
19
111%
:
Sales
the Week
$ per share
•109
26%
*16 3/8
per
*111% 111ft
110
26%
26%
Aug. 31
#
115
56%
111%
109 %
25
Friday
Aug. 30
share
115%
18%
*111 ft
109%
e per
»
55%i. .57%
55
Thursday
.
f per share
per share
*115
Wednesday
Aug, 29
Aug. 28
'V
.</■
•
Saturday
1001
par
17
Jan
118
Jan
;
37%
14%
Sep
Mar
7
9
109%
5
103
4
27
Feb
22
18
Feb
16
,10% Jan
2
783ft Jan
15
Feb
52% July
x18
Mar
Jan
115% Nov
Jan
108%
Dec
19%
Jan
24%
Oct
12%
Jan
16% Aug
8
Amer
No par
$3.50 conv 1st preferred—No par
Radio-Keith-Orp" "um
1
6% conv preferred
100
■<,,119%
Jan
21
3
153/4 Jan
Highest
I per share
1133/4 Nov
115% Apr
109% July
106
May
23% Jan
1044
'
# per share
20
;
.11
Quaker State Oil Ref Corp.
snare
57% Aug 28
24
110% July 17
100
per
Lowest
-
R
153/4
16%
15%
16%
15%
16
15%
16
15%
16
85%
85%
85%
85%
85%
85%
85%
93/4
85%
10%
85
9%
9%
85%
97/s
1,900
9%
10%
10%
10%
100,100
103%
103%
104%
1,200
'
9%
100
100%
*104%
99%
*1043/4
105%
*36
36%
36
21
-
20%
37
23
23%
45
45
21%
21%
*124
*104%
105%
35%
35%
36%
36%
20%
20%
20%
20%
21
37
700
*36%
22%
23
*45%
37
36%
23%
22%
125
46
*45%
46
42%
42%
*42%
44
21%
21%
.
21%
*123
733/4
*21%
125
*72%
74
21%
125
73
72%
•72%
74
•22
22%
23
33%
333/4
333/4
283/8
28 3/8
28%
28%
28%
28%
29%
1023/8
*101%
102%
29%
*101%
102%
6.400
101%
101%
*101
23%
23%
102%
100
23%
23%
23%
23
23%
1,900
;
*101%
24
23%
9
9%
24%
18
T—, O CD 0-
35
*38%
40
10%
110%
17%
18%
106%
106%
50
22%
22%
4,400
107%
106%
22
.
22
22
22%
'
..
*
*38%
40
19
*18%
19
19
"
19%
1,200
Rheem
12%
12%
12%
5,400
24
24
24
7
7%'
25%'
25%
26
26
26
26
39%
39%
39%
39%
39%
39%
39%
193/8
20%
20
20
20%
20%
19%
20%
45%
21%
44%
21%
10%
11%
44%
*55
22%
110%
11%
65
57
,
57
,
*111%
11%
8,300
•
112
*112
*56:..,
*111%
233%
7%
7%
7%
129%
129%
21%
21%
129
129%
21%
8%
8%
8%
22%
15%
89%
15%
*76
8%
22%
15%
*76
15%
79
*76
16%
16%
16%
61%
62%
*61 %
63%
*60
24%
25%
25%
25%
25
6%
6%
38%
40%
40
40%
36
36
36
15%
15%
15%
15%
44%
45
*34%
6%
*45
17%
17%
*23%
6%
16
62;,
*60
25%
25%
40%
36%
16
15%
15%
15%
16
45%
45%
23%
23%
66
66
67
67
32%
32%
32%
33
33%
1,200
153/4,
16 n-
15%
16%
48,200
4%
4%
4%
2,000
22%
22%
2,300
Southeastern Greyhound Lines
463/4
22%
46%
22%
46%
47%
3,600
South Porto Rico Sugar
32
32
32%
15%
15%
15%
4%
4%
4%
4%
4%
4%
21%
21%
46
46%
4%
22%
463/4
179
179
*177
,
180
*177
30%
30%
30%
31
31%
313%
31%
31%
20
20%
20%
20%
21
21%
X21%
45%
47%
46%
47%
453/i
45%
44%
45%
73%
15
90
15
73
ft
8%
*80
8%
8%
14%
8%
14
*13%
14%
87
37%
*80
68
43%
.
293%
67
69
87
.
r
*80
,
•*
373ft
30%
30%
69
69%
70%
71
16 3/4
90
-
:
17
43
113
*112
70
72
72
78
*76
110
110
110
110
110
38%
*114%
7%
,
115
115
7%
7%
853/4
99%
42%
*112%
77%
*76
•99
7%
240
38%
4,500
*112%
7%
7%
86
116 ft?,
*113 %
7%
86
99%
*99
41
41%
61
20%
117%
117%
15%
15%
*117
15%
122
36 ::
61%
603/4
61%
20%
X20%
122
153/4
16
35%
37
37
37%
38%
39%
38%
39
28%
20%
20%
20%
20%
20%
xl7%
18%
*118
-
39%
20 %
19
19%
19%
20
20
20
20
20
14%
15
14%
15
28%
29%
28
28%
37
58
*124
60
r
5%
6
13%
39
<
ft
18%
25,500
28%
28
283/8
27%
283/8
28.400
60
60
•"'ft 6
6%
13%
13%
X13 3/4
24%
*96-
99%
*c
60
1,500
125
160
-
6%
9.700
14%
25 '/4
98
~:M 6
34%
24%
60
*123%
14%
10.700
25%
25%
4,700
1.
5>no
:
ft
98
*
*34%
35%
*32%
33%
see
page
1003.
34
34
l
30%
*34%
34 %
31
35%
35
30%
31%
*34%
35%
343/4
343/4
32
♦34%
*33%
32 3A
5,900
Standard Oil of New Jersey
,
9
9
Stokley-Van
5%
Stone
prior
&
500
No par
.—5
5
1
20
(new)
preferred
No
Webster
8tudebaker Corp (The)
Sun Oil Co
Class A pfd
Sunray
cum)
Oil Corp
—
Sunshine Mining Co
Superheater Co (The)
Superior Oil of Calif
Superior Steel Corp
Sweets Co of Amer
(The)
106%
Dec
24% July
8
Dec
13
May
18% July
Jan
78% July
14% Mar
63"%
11%
72
6
Aug
8% Jan
Sep
Jan
76%
Oct
Jan
153/4
Oct
Jan
61%
Dec
20%
Sep
28%
Apr
3
23
24%
May
7%
35%
8ep
31%
Dec
16
Deo
7
10%
Apr
Apr
Feh
54% Mar
7
35
Sep
19% Mar
6
23
36% Aug 31
17% Mar
Dec
48%
17
41% Apr
>
9
9%
8
Dec
42%
Jan
13%
Apr
18%
Jan
24% Jun
5
77
Feb 26
22
Jan
23% Jun
29%
Feb
54%
Dec
35
7
23
Apr
31%
Dec
17% Apr 24
12
Jan
143/a July
5% July
Mar
5% Feb
,
3%
1
20 %
23 % Mar 19
x513/4 Jun
28 y8
14
Jan
Dec
213/4
Dec
45%
Jan
Deo
Aug 28
141
Jan
32
July 16
"22 3/a
Apr
26%
179
162
Defc
Oct
Jan
20
22
Aug 31
13%
Jan
17% Aup
38% Jan
31
573/4 Jun 26
23%
Jan
43 Va
Dee
52% Jun 26
20
Jan
34%
Dec
81% Jun 26
40%
Jan
69
Deo
89% Aug 29;
16% Aug 31.
8% Jun 15
54
Jan
82%
Dec
12
Nov
13%
Dec
17
323/4 Jan
22
64 % Jan
22
80% Jan
5
11% Jan
24
:
.
6% Mar 27
7% Jan
2
80
Feb
32
Mar 27
2
.
15% Mar
4% Jan
5%
1
Jan
v
7% Aug
Jun
9
87% Apr 25
55
Feb
75
Dec
383/4 May
28
May
35
Dec
8
27% Jan
36
20
22% May
29% Nov
47% Jan
12
723/4 Aug 31
36% Jan
48
Sep*
123/8 Mar 27
.
24
17% May 29
92% May 7
13%
Dec
76% Jan
37% Jan
109% July
58
•
Jan
9
10
3
20
1073/4 July 27
28
Jan
111% Jan
Jun
453/4 Aug 31
78
Jun
Feb
27%
Deo
33"%
July
115
Dec
110 Vz Aug 24
8% Jun
96
Jun
14
110
Jan
33%
1093/4 Jun
16
'40%
Feb
45% Jun
27
34%
39 3/a Jun
28
31
Sep
Sep
66% Jun
25
23% Apr
Feb
13
50%
Sep
110%
Sep
Sep
4% July
Dec
Feb
2
137
116
2% Nov
16
2
24
Dec
64%
333/8 Jan
Jan
38%
Jan
38% Jan
56
79% Nov
Sep
115% Aug 23
78% Jan 23
•
Feb
57
2
2
23
33%
Jan
110
38% Aug 31
2% Jan
6
50%
8
2
67% Jan
1
Aug 28
1163/8 May
74%
-
85%
Dec
39% July
Jan
34%
58% July
18
lie
Dec
16% Aug 31
6%
Jan
11% July
25
28%
Jan
37%
Dec
34
Aug
2
34% July 26
39% Jun
16
11%
6
13
4
12
24
15%
Feb
19
7%
Apr
12%
13%
Apr
20% July
54
Jun
64
Oct
121
Jan
128
Oct
39% Aug 31
2
20% July
par
107/s Jan
24
18% Jan
2
Jan
22
103/4 Jan
57.
Aug 13
123% July 18
53/4 Aug 20
Mar 9
10
15% Jun
29% May
64% May
127% Mar
7% Jan
9
15% Jun
21
11
27% Jun
No par
22
Aug 21
25
79
Jan
3
122% Apr 30
100
25
Jan
22
323/4 Aug 31
12%
Feb
Feb
3
2
10
-
Dec
25% May
14
18 % Jan
100
1
10o
Jan
'!■> 8%
16%
'
May 16
213/4 Apr 30
20
Aug 28
No par
(4%%
110
Sep
Jan
27
1
Camp Inc
Jan
Nov
2%
84 i
17'/a Aug 31
Apr 20
2
26% Jan
193/4 Aug 20
L S
115
20%
79
22
116% Aug
9
9% Jan 22
Corp—.
108
\
16
Dec
45% Nov
Feb
10% Feb
2
100
1
(The)
109%
37% Mar
2
19
Jun
28% May
preferred
Standard Steel 8pring
Starrett Co
/:
Jun
95
155
100
100
25
Aug
s
Aug 21
20% Aug 20
40% Apr
4
Jan
109
13
233/4 July
3
-10
4%%
Jun
1293/4 Aug 30
22% May 7
114
22
7
Jan
105
23
Feb
28
1
Ohio
of
Sutherland Paper Co
35%
35
113
JB
7.
Aug 28
114%
'
4% Aug
.
par
25
Standard Oil of Indiana
Standard Oil
Sterling Drug Inc
273/4
124
.57
29% July 27
13% Jan
2
v
Stewart-Warner
1,000
60
prior preferred
8.000
5,300
124
$7
Dec
Feb
111
;
28
Aug 28
July 23
48% Jan
.—No par
No par/
—No pari
Standard Oil of Calif
Dec
9%
46
153/8 Aug
9
22% Jun 22
No var<
prior preferred
Dec
18% May 29
3
67% Jan
41% Jan
No par
$4.50 preferred
7.200
19
tr ctfs
Inc
$6
39%
14%
243/4
35%
900
i
Brands,
203/s
19%
125%
6 •?£■.-.
6%
6%
*34%
38
"20%
14%
13%
313%
38
39%
V
•
•:.;v 19%
25%
30 34
30,000
143/4
13%
31
16%
20%
■
30
16 %
14%
60
98
200
20
*124
98
113%
143/4
60
98
6,700
:
18%
243%
25%
?
393ft
20%
13,900
1118%
37%
-
20%
18
V
9,600
61%
20 3/4
20
124
vi-bsM
*37
16
37
61%
20%
X
123
153/4
15,900
19%
60
13%
24%
37
36 %
2,500
41%
14%
•./
124
,
125%
v
87%
700
Ohio stk
38%
115%
127/a Jun
5s/8 Mar 26
Standard G & E Co $4 pref—No par
11,200
101
41%
20%
*117
16%
100
363/a
60%
20%
.
ft
100
73/4
85%
99%
41%
363/4
20%
115
7%
/
.
Railway
No
preferred—
non-cum
Standard
■
*85%
Jan
27% May
110% Jan
24
No par
Square D Co——1
5% conv preferred
100
Squibb (E R) Si Sons
No par
$4 preferred
—No Par
150
1,100
110%
40%
60%
•
77%
38%
35%?
60%
2,700
116
77%
1093/4
41%-
20 %
453/4
45
38%
363/4
36%
580
110%
40%
59%
11,400
38%
38%
99
20%
1,000
17%
90%
113%
77%
41%
35%;
72%
90%
114
98%
-
800
4.800
17
43%
40%
36%
38
'20%
*1093/4
115
*85:
99%
42%
110
38%
85%
X9C
1133/4
413%
113
,16%
,
Mar
Jun
5
59
par
Spalding (A G) & Bros Inc..
1
aparks Wlthington
No par
Spear As Co.:
——
-1.
$5.51 preferred
No par
Spencer Kellogg & Sons
No par
Sperry Corp (The)
1
Splcer Mfg Co
.
.——No par
Spiegel Inc.—.———-——*2
Conv $4.50 preferred
No par
4,300
87
373/4
30
90%
113
*80
373/4
30%
163%
113
87
373/4
90%
85
163/8
5%
Mobile &
1,000
17
116
20
1,300
91
6%
1,600
83/g
16%
85
,
15%
Southern
7,400
74
14%
90
*114%
15%
45
90
73%
8%
*80
38
44%
*88
46% May
9
23% Apr 17
115% Mar 9
,
12% Mar 27
7.50
Southern Pacific Co—_
21,700
14%
16%
38%
47%
8%
90%
37%
46%
143/8
*37
42%
47%
%
23
74
May 15
13% Jan 23
25
Southern Natural Gas Co
j;
Jan
73/4 Aug 22
5
Edison
5,300
44%
Feb
213/4 May 18
17% Mar 26
100
22
733/4 *
23
111% Jun
No par
preferred
213/4
8%
16%
42 %
8%
Oct
Dec
Jan
99% Mar
:
Socony Vacuum Oil Co Inc———15
South Am Gold As Platinum
1
Southern California
*13%
37%
Corona Typewriter_No
1
17%
14%
7
No par
—10
3,600
8 3/8
87
&
19%
11% July
Jan
24% July
34% July
22% Aug 21
20
Iron
313/4
14%
30%
&
31%
213/4
90
15%
Smith
40
8%
90
42%
72 %
*38
900
*13%
'
67
*
44%
73
89%
15%
37%
30%
*65
15
30%
37%
29%
"
<■1 89%
15
.
4634
43%
74
*87%
90
15
45
44
73%
73%
*87%
-
20
180
Steel
$1.20 preferred
Smith (A O) Corp.—
13
May 22
Apr
Aug 14
108% May
1
.-15
Skelly Oil Co
Sloss-Sheffield
393/8 Nov
Jan
8% Feb
Jan
14s/s Aug 22
1,300
May
13
Jan
111
-No par
4,700
36
;
5%
Sinclair Oil Corp
16%
$5% July
17%
2
473/8
Dec
15% July
Jan
25
2
47
16% Dec
100
Aug 31
30% Feb
29,500
Dec
Aug 31
32% Jan
900
88
40
Silver King Coalition Mines
8
Simmons Co
—.—..No par,
Slmonds Saw Si Steel
No par
5,200
Dec
12% July
Jan
;
28
28
83/4 Mar
21% July
102%
27
Mar 26
Shell Union Oil
16%
15%
179
7%
27
v
x42% Feb 23
No par
—18
16
31%
2
Sheaffer (W A)
24
15%
13% Feb
7
Aug
Jan
8% Jan
393/4 May 31
21% Jun 26
XIO53/4 Jun 22
No par
45%
31%
21%
7%
/
6
2
413/4 Aug 21
No par
;—No par
15%
66
38% Aug 31
16 3/8 Jan
*23%
17%
24
2
78
15%
17%
*23%
21% Mar
4.200
41
36
■
.
Apr
Jan
63A
109% July 16
19% July 27
1
Pen Co
16
87
16
28
26
Jun
2
4,800
253/4
11% Jun
Dec
99% Nov
Apr
26
5
No par
(Frank G)
8%
110% May 18
2
70
40%
7%
Shattuck
1
Jan
No par
Corp
Sharpe & Dohme
2,700
62
36
7
Steel
$3.50 conv pref ser A
16%
253/«
Inc
$5 conv preferred
79
40 3%
66
45%
22,200
17
*76
16%
36
66%
179
17%
17
79 /
6%
64%
45%
Sharon
130
36
45
17%
1,100
3,900
8%
23
233/4
X83% Mar
107% Aug 23
22% May 21
37
No par
90%
Apr
27% May
110% July 25
8% Mar 27
No par
1
90%
40%
67
179
8
& Co
22%
Dec
14%
29% Aug 31
102 % Aug 10
17% July 17
No par
$4.50 preferred
Shamrock Oil Si Gas
10
6%
65
45
Bervel
62
24
21% .21%
Sears Roebuck
5,300
*76%
'
*23%
*177
3,200
bVa
24
19% Apr 10
—.
21%
893/4
Feb
35% July 12
Dec
33
10
—
130%
393%
15%
90
22%
16
Joseph Lead
Seaboard Oil Co of Del—.
113
18
3
Seagrave Corp—9
213/4
Nov
16% Jan
6% Aug
—
1,100
113
18
16% Mar 27
—No par
2,300
Xl6
;
Copper Mines
(The)—
8%
893/4
25%
*35%
45%
17%
24
8%
Co
233/4
130
21%
113
Feb
10% Jan
.
.
22
!.
16%
62
900
112
-
11%
37% Mar 13
Typewriter———1
73/4
1293/4
213/4
16
79
16%
56
Dec
20
313/s Jan
-1
;
-
x233/4
8
1293/4
22- V
200
56%';
*111%
23%
*73/4
90%
103
*112
x23 %
*8%
22
16%
56%
112
*1123/4
90%
90%
15%
79
'•
24
*1123/4
8%
22
90%
22%
*89
21%
113
*10G
*112
23%
*112%
108
85%
14% Jan
—
12,400
*106
Jan
24% Jun
98
Safeway Stores
,
5
5% preferred
——
100
Savage Arms Corp
5
Schenley Distillers Corp
2.50
5%% preferred—..—-—• 00
Scott Paper Co
—No par
(4.50 preferred—
No par
$4 preferred-No par
50
453/8
23%
21%
10,300
44%
*7%
113%
St
3,500
22%
111
11%
7%
129%
45%
22%
*110%
50%
9
15% Jan
Rustless Iron & Steel Corp—..I.
2,300
11%
23%
21%
45%
223/a
11C%
Co—
Antelope
Ruberoid
400
443ft
23%
128%
20%
2
Jan
73/4 Aug 20
—.10
....
Mfg
Royal
'
11%
*7%
*112%
20%
Roan
1.200
40
44
107
57./
112,
112
112
3,300
27
40
453/«
*1053%
57
500?
,
7%
27
•;
45%
22
110%
Common
11%
44
106
*111%
112
11
46,
106
112
112
44%
21%
110 %
45%
107
*111%
44
22
111
11%
45%
107
44
44%
21%
*110%
111
40
7%
26%
*39%
19,200
•
,
82% Jan
22'/a Jarv 22
Richfield Oil Corp.
No par
Ritter Company' ——i—.—No par
24
155
■90
Apr
40
24
Dec
Jan
13
Jan
*38%
*6% /. 7
13
I
Jun
10
38%
24
Jan
137
85%
37%
7%
Dec
5%
24% May 23
22
22 V2 Jan
Reynolds Metals Co.
.—No par,
5%% conv preferred—.—...100
Reynolds Spring
—
-—-1
Reynolds (R J) Tob class B
10
37%
25
36%
63
37
7
Jan
2
37
*38%
27%
87% Jan
36%
12
Dec
19
18 3/a Aug 31
230
12%
Dec
42 V*
16
1,800
.
21%
Jan
11% Jan
19%
19
Jan
323/4
4
107%
12
.15%
16
22
19
18%
Dec
July
Jun
19 Va Jan
18%
12%
34%
102% Jan
18%
.
18
Feb
3
107%
Dec
Feb
v.
15% Jan
lac,
18%
18%
45
-
33~%
Jan
12%
28
1
Motors,
107%
,
8
453/8 Jun
116% Apr 17
69 % July 26
17 v
21
29% Mar 19
;
5
36% Jan 31
11 % Jan
Dec
50
30
Mar
28 Va
7
23% Jun
5
18%
40
*23%
19 % Jan
39% May
38% Jun
2
43
July
10% July
107% Jan
105% Aug 14
;
993/4 Jan
107%
36%
Jan
25
19
12
111
-
July 18
343/4 Jan
50
50
50
_5
108
108
85%
Republic Aviation Corp
1
Republic Steel Corp_—..——No par
6 % conv prior pfd ser A_
100
Revere Copper & Brass.
No par
5Y*% preferred^.——————100
12,700
106%
104% Aug 31
—
Reo
700
-•
80 %
Apr
Preferred with warrants
33.700
25%
110%
12
Jan
7%
No par
10
1
Remington-Rand
47,800
25%
110%
107%
19 '
25%
11
26
10%
24%
Mar 26
100
Stores
Apr
69%
31
Aug 21
16
& Co 1st pfd
Corp.
Reliance Mfg Co
300
109%
*106%
12%
'
34
29%
17%
--
*38%
7
'
33
—
.
8%
28
10% Aug
2
103
.——.100
(Robt)
Reliable
300
25
17%
35%
24
34
ft,
109
175/s
11%
6%
9%
■",
,
18%
24
9%
%
; 22%
19
„
23
22%
34 :V"J
17%
*107%
36%
*33%
107%
22
19
*21%
34
9%
109
18
*106%
108
18%
23
\
24%
109
175/s
223/4
107%
*33
25
*107
1063/4
22%
*22
9%
255/8
109
17%
23
9%
24%
'107%
For footnotes
Rels
30
•
,.
23
Jan
1
-25
1st
Preferred
90
91
100
pfd:
1
non-cum
16 Va Aug 27
873/4 Jun
7% Mar 26
No par
3%%
preferred
4% non-cum 2nd preferred
Real Silk Hosiery...
500
127
28
5
4%
200
21%
*128
Co
Reading Company
100
;
Purina
Kaybestos Manhattan
Rayonier Inc
$2 preferred
3,700
46
44
22
125
22%
*45%
*42%
'v
Ralston
110
900
33%
.4'
Radio -Corp of
5,400
223ft
413/4
*72
*72% ; 743/4
22%
45%
*20%
105%
36%
37
36 ;\
23%
125
105
20%
413/4
125
100%
*104%
37
36%
37
23
42%
100%
104 3/4
-21
f
*45
*41%
100%
104 %
37 ■',•-■
20%
37
~
100%
113,800
Apr
11
17% Jan
2
31
35
Jan
36% Aug
4
3
Jan
9%* Feb
5%
Feb
5%
Jan
17% July
13% July
Dec
Dec
7% July
10% July
17% Jan
66% Nov
25%
Dec
84 %
Feb
19%
Apr
26
Dec
29
Sep
3*
Dec
Jan
20%
Sep
8%
Monday, September 3, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
NEW YORK STOCK RECORD
1
Mnhr
/' Aug. 26
Aug. 27
•
*
Wednesday
Aug. 29
« per than
« per eftare
A per shar•
WailiiAailaw
tieilay
Aug. 28
Friday
,
Aug. 30
P per share
$ per eftare
the Week
'
33%' 33%
33%
34
32 Vz
32%
35%
32%
32%
32%
32%
34%
35%
34%
35
9%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10
34%
32%
33
32%
32%
5,100
34%
34%
34%
35%
10%
10%
10%
*9%
10%
10%
8%
8%
8%
8%
8%
8%
8%
14%
14%
14%
14%
14
14
14
108
108
108
■
7%
7%
108%
108%
108%
51%
51%
52%
53
7%
7%.
7%
19,600
14
1,200
Tennessee Corp_——-r
103
108
108%
1** 400
52%
53%
8,900
*7%
7%
3,700
Texas
42%
43%r
19%
20 %
20%
21 '
20%
15%
16
15%
16
15%
42
*40%
41
39 %
40%
*39%
41
40%
40%
18%
19
18%
19
»18%
18%
19
19
*40
44
43%
43%
43%
43'/a
2,100
22
21%
21%
21%
22%
5,500
16%
16%
16%
16
16 Va
7,000
*54%
55
*54%
54
54
10
10
10
10
*135
139
*135
139
800
*98%
100
*98%
12%
11%
54%
10%
100
56%
10%
10%
14%
50%
•
*10%
14%
14%
*14J/a
51
51
108"
*107%
109
♦107%
108
'
14%
-;*14%
S 51%
14%
51
'
108
Thermoid
19,400
13%
27
11
56%
10%
14%
14%
15
*49%
50%
51
51%
*106%
106%
*107
108%
56
56%
•
•
100
$2 %
1,510
10%
1,000
2,600
"30
,
50%
49%
;
47%
49%
*47%
48%
17%
17%
17%
17%
17%
17%
17%
43%
43
43%
43
43%
43%
3,100
57%
56%
57%
56
57
57%
3,300
Tlmken Roller
12%
13
12%
,13%
13
49
49%
48%
22%
22%
23
42%
56%
•
-
7%
6%
13%
13%
13%
29%
29%
*104
107
29
28%
35%
36
36
*104%
109
10%-
10%
10%
12%
13
30%
107
*104
107 Vb
8,000
:ioo
28%
16,500
36%
109
10%.
116%
116%
18%
64%
65%
64%
65%
64%
20%
20
20%
19%
93%
93
113
113
126%
31
26%
27%
26%
106%
*106%
39%
40%
133
133
*131% 137
*131 ?
;
*111%
73%
74%
*28%
29%
9%
9%
9%
22%
26
V
95%
*112%
114
112%
*112%
113
22
126%
*124
105%
27%
27 %-.
*72%
29%
*28
9
V0%
9
22%
22%
29%
9%
22%
22%
2%
2%
2%
2%
2%
45%
45%
45%
45%
45%
45
21%
21%
21%:.
21%
.21%
21%
21%
22
12%
*11%
12%
85%
*85
86
12%
11%
85
*11%
12
84
85
vv
12% "i 13
13
44%
105%
19
13
*43%
7%
13%
106%
107%
13%
187/a
X26%
17
16%
18%'
7%
20%
21
20%
96%
96%
97
18
18%
18 %
50%
50%
48
47%;
477/«
34
34
111%;
*110%
13
•
'111
13%
46
47
52
52
36
36%
2%
52
63%
64%
63
85
85%
69%
70%
143%
2,300
7%
7%
7
7%
7%
108 %
108%
108%
*108%
17%
*107
17%
17%
*17lA
6%
6%
*6%
45
*44
*88%
*
90
184
184
*68%
vF
45
<
*182
J
25%
25%
25%
26%
27
26%
27
13%
13%
l37/8 :
14%
38%
39
16
16
16
*49%
51
/:/ 51
*90
95
*90
73/b
*109%
18%
•6%
*90
92
*182
92
184%
24%
251/a
25%
26
265/a
26%
27%
14%
14%
14% 4,14%
39
39»/a
39
*182
25%
V
38
;
*15%
38
,
>
.
;
•
;
v.-
v.,16
16
;
*91
95
5%
163
*120%
121
68
49
—
J
,
95
:
*91
'
51
•
V
♦92
195 v.
16%
95
*92
95
-29%
29%
5%
5%
5%
121
64
*62%
*62% -63%
♦120
121
62%
121
XI18 3/4
29%
5%
f
■
62%
63%
38%
: :
50%
71
——
39
152
*156
170
38
•
r
73
73-' '!
*49
-50%
*38
*148
152
:
-
50%
39
.
*70
...
118 3/4
*118%
*49
38%
79
*73
50%
38%
*148
152
*148
152
*156
170
*156
170
-
•
•
-*49 v4
50%
*38%
39%
*148
152
*156
170
51% Jan
Aug 31
9% Feb
76'
8ep
r
Sep
24
109% May 10
Jan
25% Mar
Jun
1'
Feb
104
Dec
Jun
30
Nov
Jun
33% Nov
100%
Feb
18'
28;
•22% Mar 22
29
Jun
114
Jan
36%
Dec
123%
Dec
20% May
27
110.
Mar
61
'May
26% Feb c 2
7% July 20
31
28
22
Jan
22
...
r
:
24
Jun
3
Jun
1%'Jan.
38% Jan
2
v9% Jan
': *66
Jan
s
'
5
10% May 28
33%'Jan 31
14
1%
Jan
Apr
42 %
Dec
12%
Apr
17%
Dec
Feb
Apr
11% Aug
78% Aug
Jan.
11%
6
45%
27:
mon-cum
11% Jan
104
-
24
Aug 22
25% Jun
22
194% Jun
20% May
10% July
Feb
Jun
Dec
8% Jah
15%
Jan
5D/2 Nov
34%
Apr
43% July
5
2
Jan
16%
28
Jan
Feb
110
10
23
15% Jun
25
5%
9% Jans 2
11% Jun
11
■
9
,f;\
Dec
33%: 'Dec113
8% Jan
7% Jan
;
Get
42
Jan
114
3
Sep
9%
Sep
10%
Dec
37%
Jun
48
Nov
Apr;
.
Jan
/ Jan
277/*'Jun
48
2
15
35
.46
I
51% Jan
52
58% Jan
46 Va July 10
25
1
I
72 Va Jun
Dec
63% July
136%
Dec
May
27%
Aug
44%
Apr
48%
Dec
6"% Jim 26
2%
Jan
7% Aug
2% Apr
26'/a Jun
5
22
•
50% Feb
6
:
24
23
5
Jan
2
5% Jan
2
8
39 vUan
5
>47
16
Dec
61% July
78
May
50 JA Apr
*119% Jan
27
"151% Jun 21{
98%^Jan
f
54% July
150
69
'
Jan
■
Feb
J&n
4%-Dec-
48% Dec-
85'/a Aug 31
4% Jan
4
-9
■
7
40'
130
21
Jun 20
71
24
2
Jun
170
Feb
1
67% Aug 31;
6
18
135% Jan
23% Aug
:
3-
36% Aug 27
4 • Jan - 2
Jan, 2
I Jan
72
30% •Apr•40% Jan
Aug 28
55% Mar
•
2
50
V
3
76
Jan
14%
5 3>A
sy4
Oct
106%
Dec
Jan
Jan
114% May 28
20'A Mar
4% Nov
6
18 Va July
"
3
;
Jan 25
.
.
31
Jan
41%
95
75% Jan 24
178
' Mar 27
.1
23% Aug 21
—
6
July
'
24
May 28
68
Apr
81%
187
" Jun 25
162
Mar
Jan
~
-No par
10«
Inc—
21%
68
166
1'
38% Jun
Jan
Jan
52% May 25
May
Jan
12% July
107% Dec
Mar
4.
54
144% Jan 12
1
Sep
Feb-
170
15
17
>
preferred—
Dec
7%
14%
10
6% Mar 27
109%
70
17
30% Mar 26
Jan
Feb
97%
-
97% Aug 31
110% July
Dec
7%
15
10
(
•
Jun
4
19% Jan
'
15%
98%
16-
38% Jan
par
Dec
Oct
21
18% Apr 24
X108% Jan 26
17
91%
•»"'
Jan
•
Jan
11%
5? % Jan
No par
vretrrred—.
-
180% Jan
:
conv
84.
'
36%
75%
2
Feb
8
'
Dec
26% May
9
Jan
110
2
\
Stockyards Corp
Jun
28
'
No par
Universal Leaf Tob—
-19% July
.
8
20
Aug 31-
16% Apr
77
preferred—
No par
Universal-Cyclops Steel Corp
-1
Universal' Laboratories lnc-11
Preferred f—-Xi-—L—-i--No -p«r
96
13% Feb
44% Aug 28
i
Preferred ————100 •
^7%
Jan
6% Mar 26
-
1% July
31%
109
9
107
•
Oct
'
V
20
22 ' Mar
;
28
25r
aaViJun
«9% Mar! 9
13% Jan
Dec
Jun
70% July
8!
'
.
24 y2
114
22% Aug 31'
14% Jun 27 '
47% Jun
2
15%'Jan 22
t
■
Jun
6;
11V8 May 19
July 26
,
;
2
Sep
Apr
Jan
25
Jan
110 3/a
22%
102%
79% Jun
66
Dec
Dec
92%
23
109% May 25
Oct
20%
118"
25%
:
144% Jun
Jun
26
8
11.
110% Apr
43% Jun
•
Dec
Nov
93% Jan
28
Jan 22
10
100
50
U S Tobacco Co
82%
17%
-No par
U S Steel Corp—
>
Jun
15%
136
v
X
66
24
2% Mar 26
-
Dec
115
105% May 18
r
Dec
16 y4
Feb
v
Norman Co~<
:
;
'
?
•
176
Dec
Dec
Nov
28% May 28
Jan
r
> 400
150
r V 7
.
20
400
200
r
'<%
Va
El
&
Pow
$5
pref
Va Iron Coal & Coke^S %'
Virginian Ry Co
preferred
Vulcan Detlnning Co
Preferred
—
23
23
100
100
Nov
52
Sep
12 y4 May
23
16
Dec
Jun
52
Mar
7
41%
Jan
51
Oct
86% Mar 26
100 :e
July
6
63 Va
Jan
85
Dec
70
Feb
85% July
21%
Jan
3%
Sep
6
1
:
101
90% Jan 20
24% Jan
*
59% Jan
-
9
-
57" Jan 22
45% Jan 25
120
Mar
16
2
ue
Tifor
R
36% Jan
26;
19
-
7% Jun
73'
123
118% July 18
,
Jun
33% Apr
8
*3% Mar 27
100
J.—100 r
pfd—100
14 VB
Oct
28
48% May 22
No par;:
dlv partic preferred—
23% July
Jan
9% Jan
28
39 y» Aug 29
22
18
13% Apr
:
Chemical
17%
9
'
15% Jun
Mar 27
32
Sugar
Chemical Co:
33% Aug
2
13
Va-Carolina
10
21% Jan
2.50
—10
—
1,400
119%
"■
Jan
109%
.
-
3.500
V
Y"
64 "V •V.
74
68
8%
29 V
118
Co_6%
A
Vicks Shreve & Pac lty——
100r
5% tion-cmm preferred—_—100
Victor Chemical Works—X
JT
'
.<
16
Dec
Dec
118
116
20
i——10
U S Smelting Refdt Min
Preferred
::
Vick
f. '
95
29%
19% Feb
68% Jan
9%
.
119
10
nori-cura 1st preferred
Vertientes-Camaguey
■
'
3
31% Jan 22
^
-
L
1500
■'
t■
95
5%
v
5% •:
13
Jan
100% Jan
100
1
preferred-—-—
——1
i
;
i
1,800
!
if--
95
297/s
Jun
137
5%
105%
Feb
conv#d.A-—-——No par
1.500
51
29%
13
.
Jan
109V4 Jan
>
u
;
Von
-
Dec
14% Jun
.3
Jan;
85
111% July 11
20% Jan 22
20
100
5
50
-Van Raalte Co Inc__:
*91 f..v:
35%
113
Vanadium Corp of Am——-No par
95
Dec
28% Jan
23
——No par \
3;900
*91
Dec
.28%
13
Aug 24
.
102%
Feb
117% Jan
Gas Improvement'
4,100
51
Dec
Dec
21%
-
"39
16%
5%
Corpi—rJ
15
16
20%
102
106% Jan
*1-10%-Apr 27
No par
Corp——No par
Universal Pictures Co
51
95
114
par
par
par
20
.
Nov
15% Mar
96% Aug 31
3,800
""-v, ;".«d
Dec
11%
20% Aug 27
25%
16
f/■
29%
28%
*65
50
1
i
-!;•
51
'
*156
170
http://fraser.stlouisfed.org/ 1003.
_For footnotes see page
4F11
Federal Reserve Bank of St. Louis
♦-
51
5%
68
'
38%
*148
r
5%
63
;.
*92
29%
29
'■
50
100
,4 ,51
'
-
■
105%
37% May 28
May 22
..,-.-0%
par
.100
—-No par
Dec
Jan
Jan
8%
29
33% Mar
27%
39
102 v
Par
preferred————100
Dec
18%Juiy
30% May 28
••
34% Mar 27
par
Jun
108
3
'26% Mar 21
32% Jan
14%
39
iei% Jan
Aug 20
27%
r-
18% Mar 28
par
184%
25%
•;
,
300
2,300
7
46
85
3
United Stores class A
18%
6%
22
13% July 23
30% Aug 31
Aug 20
United
100
110% Jun
Jan ;I3
25
5.300
7%
*45%
20
5y4
-10% Mar 22
25
Co————100
preferred——100
1,300
'
46
*89
>
5%
112
18%
6%
8,300
47%
-
7%
112
*44%
187
24%
5%
*18
90
184
184
1
25 %
*45%
5%
7%
6%
90
47%
146
X24%
*108%
45
90
24%
V
400
40.000
x 800
72
71%
•146
-
5%
18
v
85%
71
146
Feb
24
Plywood Corp
t'%
!
5,500
66%
Jan
3%
24
JU ^ Realty. & Irapt——
U S Rubber Co
15,000
85%
*46%
6
71/4
*6%
45
65%
29
12%
78% Jan
U S
200
85%
Apr
8
-
14% Jan
4.100
67%
17%
24% Mar
,
58% Jan
U S Pipe & FoundryU S Playing Card Co.—
200
164
52'A Aug
11% Dec
"
par
-1
preferred-
Dec
Apr
Jan
14% Jan
5,300
3
2%
24%
112
18
6%
45-
69%
4
50%
r
July
8%
2
103
-
Dec
17
38
43%
•'
1
Preferred:
36
66l/a
*162
par
34
Jan
,
54% Jun 27
2
•
25
7% Jun 26
15
Jan
5
5% Aug
25
14% Jun
Mar 26
18% Jan
Jan
18% Mar
■13
Feb
7
July 13
57%-Aug 28
26-' Jan
-
18
20% Mar
44 Vo
'6
Apr
-
10
2
——No par
par
Dyewood
Prior
4,300
65
*145
471/4
*5%:
//
164
64
24%
47%
-
6
3
466%
*84%
70%
145
"
35
66
85%
69%
*50
35
*162
63%
24
51
35
—
U S Lines Co
8,300
47
61% Jun
-
29
Partic ft
10%
*10%
46
3
66%
163
144%
I
#
3
€5
10%
Y46
22
50
100
U S Leather Co——l——-No
1,000
13%
Jan
'2
U S Hoffman Macb Corp-—'
5% % conv preferred
U S Industrial Chemicals—-No par
111%
13%
13%
*50
51
35%
V*84%
■
12%
:
1;200
34%
Aug 22
7% Jun 18
2
22
r-
Oct
109
4% Jan
34% Jan
-No
preferred.;-
7%
,1.200
-•
■•in
111%
*10%
71
6
*111
X46
V
*45% ^ 47%
•
14%
47%
*50
84%
6
*8%
13%
23% 124%
47%
46%
87/b
34%
10%
63%
145
46 y4
34%
111%
62
5%
i
47%
46%
8%
8%
34
3
70%
24%
*46l/»
-
471%
34
144%
:
144
23%
46%
163
84%
.
:
250
W,.
49%
—
U S Freight Co__^
U S Gypsum Co
;—I
192%
18%
162 V
:
*190%
51%
,
65%
162
62
61
102%
18%
3
64%
164 %
5*14?
*190%
13% Mar
Jan
16% Jan
rU S St Foreign Secur__——No par
96 1st preferred—_——No par
1.000
97%
Jun
32%
31
.•
30
51%
36
,
2%
97
467/a
'52 v
35%
.
96%
13%
48
.1
9GJ/a
11%
1
.10
Co.—13 Ka
United Merch it Mfrs Inc—L
-1
r
£■% preferred •——
100
:Unlted Paperboard—
I
10
1.000
21
6
par
Carbon Co
United
'
*10%
10%
-47%
3
>
106%
*20%
18%
8%
111%
*10%.
*106
15% Mar
53% Mar
-10
2
Biscuit Co
United
"3,200
17%
3
Xl06% Aug 30
••
par
Bearing-—--No par
Corp.—
-s
Aug 31
15% Mar 1
July 17
Jan
'
9% Nov
57
-
10
50%
34
13
45
.100
-No
Cigar-Whelan Stores new—?0c
t
Prior preferred
20
United vUoi^orAtitw»SXfc--i^ii-N^
$3 preferred—
-No par
United Drug Co—i—
-5
1,500
,
50%
13% ;,13%
:
10"%
*10%
>.
•
7%
17 i;/
20%
'5,000
26%
*18%
*111
Dec
TToitPd-Carr Fast
8,900
18%
34
:
17%
United- Friulb CoXt i^k^^-Noipari'-
50%
V
Jan
5:,700
•
*50%
8%
*8%
8%
8%
32%
•
18%.
4%
1.600
160
3,000
...
110
7%' i
107
20%
;
192%
*190%
50%
47%
•
20%
96%
10% Aug 20
preferred
(Preferred' i_—-----100 \
United Electric Coal Cos_.j
l5
/United Engineering it Fdy
5
>
13%
44
26%
*109
17
*106
20%
118%
50%
•
107
16%
96%
21%
'97
*190% 192%
192%
*190%
♦106 x
106
106
105
105
17
Transit Corp.-No par
Un
800
12%
.
109%
7%
16%
17%
16,300
107V4 109
18%
19%
26%
109%
7'%
*7%
3.500
65
'
13
1091/z
*109
49,300
.
22 %
v
44
26%
26%
7%
7%
.
85
1,300
2%
'
19
53% July 24
5% Jan
•
13% Aug 30
•
No par
conv
United
300
11,800
45%
*11%
'
44
'
7%
2%
5%
/ 500
.
'
106%
19
109%
13%
44
•
106
I
27
*109
'
44
;
19%
26%
109%
*108%
13
44%
106 :
19
26%
26
85
13
44%
105%
18%
V
:
Dec
-50
United Air Lines Inc—
10
,
74
2%
44
.
United
9%
45%
105%
•
600
74
2%
12%
10%
<
Corp.——;——5
—100
-10
preterred-_--i———100
4%%
29%
45%
82%
Apr
—
conv
200
27 v2
•
5%
137%
113%
29>/a
9y«
22%
7
United Aircraft
>
300
*26%
74%
*28%
22
Dec
—1
non-cum
8,100
*1L1%
112
4%
13,600
•
*133
74%
22%
Dec
94
Union Tank Car
40%
39%
136
*26y8
122
Oct
Union Pacific RR
106%
*105
40%
112
Jan
& Paper.
—No
Union Carbide & Carb_——No
Union El CO of Mo $5 pfd—No
'£
Preferred $4.50 series^
No
Union Oil of California-^-:—
600
28%
27%
106%
39%
92
81%
Union Bag
200
Dec
Ji%
16
Underwood Corp
1,2001
■
30 %
30%
27%
*105
*132
36,200
126
X105
30 Va
21
•
.
100
22%
127
45. :'
2%
:
40
108 %
30%
112
22
22'/4
.
*107
26%
26%
95 y4
112%
112%
136
112 r
.22%
8,900
27%
29 %
22
96%
94%
112%
40%
26%
9
8,600
106%
73%
29%
.
3,000
20%
26%
*111%
75%,
68
20
30%
40
26
*73%
66%
19%
108%
112
26
*111%
66
19%
58
16
Twin Coach Co—-
"8,400
24JA JUly
28
preferred—
7%
•'590
125
65%
106%
27%
40%
124%
19%
22%
30%
107
40
123%
19
127%.
*107
'31%
106%
v
22%
126%
108%
3,600
19
113
22%
*30%
31
<
12%
11%
18%
95
113
*106%
108%
*106%
2,500
12% Jan
50% Feb
Feb
Corp-—No
$1.50 preferred—
No
$4.50 prior pld
——No
Twin City Rapid Transit——No
r
20
126%
22%
126
i
12%-
120
111% 112V4
112%
112%
127
36%
10 9
65%
94%
94%
*111% 111%
22%
21%
35%
*104%
10
24
Apr
'Corp
preferred
4%%
35
Apr
20th Cen Pox Film
~
'19
111%
36
10%
117
19%
92
28%
10.9
X36
*104%
10%
18%
111%
28%
Dec
167/s Nov
17% Jan
100
Tubize Rayon
'
*104%
20
,
107
12-
291/a
139
:
125
Detroit Axle—
Truax-Traer
-2,800
Feb
37 % July
3
par
.100
preferred—'-'———No
$6
110
30
36%
107%
ty
'
'
13
X28y4
59% Jan
Williams St'l—No par
—1
Trl-Contlnental Corp———
17,000
30
28%
21% Jan
44% Mar 29
Transue it
13
107
14% Mar 31
par
1,200
7 ?;"108%
Dec
8%
22
3,500
6%
Jan
6%
Apr
Feb
20
5,800
29%
28%
20% Jun
54% Jun
23%
108%
50%,
Feb
14%
25
22
49%
6%
Sep
4%
32%
7.
30
■13%
*22
108 %
6%
108
Timken
Oct
12% July
44%
19.
26% Jun
18 VB Aug 21
;
Feb
May
Jan
6
Associated Oil-
Tide Water
Jun
8%
Jan
4'A
9% Feb 14
45
2
13% Jan
Transamerica Corp——-———
—S
Transcont'l & West AlrXnC—--
13%
116%
18%
'
♦
55
2
.-36% Jan
;
-
.2
6% Jan:
30% Jan
48%
13 %
.
48% Jan
-28
7
10% Mar
Jan
preferred———-'-N(
$3.50 cum
11,400
8%
109% July 13
12%
23
19%
116
115%
:
-1,900
17%
29%
*104 '
29;
36%
109-"'
*104%
'
48
23
6%
28%
107
28%
13
47%
109
*13
13%
30
*104
13%
108%
29%
50%
22%
*22%
109%
42%
56%
48
,
47%
23%
40%
*47%:
17%
42%
56%
49%
.
5,100
"
43%
,
6%
109
'
7%
*108%
7%
6%
109
50'*
•
7
Dec
8% Apr
■
17%
8%
7J/a
7
July 26
105 %
.100
.100
4 % preferred
—X—
Thompson-Starrett Co
50
7
7%
21
15% Jun. 25
._25
7%
.
16
10% Jun
2
8
x93% July 19
9% Mar 27
No
-———
div conv
7%
7%
10% Feb
3
Thompson (J R)— ——
par
Thompson Products ——wo
400
Jun
*
5% May
18
par
Co
Avenue
Third
Jan
33'/a
Jan
'
7% Jan
.„1
——
preferred
6% preferred
1%
■
51
11
*10%
12%
—
new
33%
27%
7% Jan
preferred——No
$3.60 conv
The Pair.
200
-
92
*88%
13%
12%
55%
55
11
100
13
10%
139
*138
139
20
55
*9%
10%
*93/2
*138
100
12%
12%
,54%
54
*98%
100
12
55 ■<;.
55
*54%
10%
139
-2
1 Dec
33
26% Apr
11% Jan
Mfg Co—
Thatcher
3,400
'
55
*9%
*135
.
I per share
27% Jan
38% May 9
36% Aug 17
10% Jun 26
6
.—5
Texas Gulf
-
19%
19
——
Gulf Producing
—*
Apr
7% Jan
par
Sulphur
-——No par
—10
'Texas Pacific Coal & Oil
—1
Texas Pacific Land Trust
—
.100
Texas it Pacific Ry C«_X———'
43%
it, Trans 5 ^ pfd-
(The).
Co
Texas
7%
43
43%
Tennessee Gas
53%
%
>
• per share
7
.„5
Talcott Inc (James)
Telautograph Corp——
1,400
29-
—0
1,000
14%
*108
50%
7%
52
50%
-~Z1Z
Sylvania Elec Prod's Inc——No
Symington Gould Corp——
5,100
34% Feb
6
31% Mar 21
International Ltd
.Swift
9
♦8%
9
I per share
share
30% Apr
29
Bwifi <fc Co
4,600
4
f per
:\t.< < Year 1944 ?
'
Lowest
Highest
Highest
"
34%
10%
Lowest
Par
34»/4
X33%
Range Since January 1
STOCK
EXCHANGE
Shares
I per eftare
33%
9%
NEW YORK
Mm for
Auf. 31
Thursday
33%
35%
Ranee for Prerfoas
STOCKS 1
law and mam ULX prices
76*
18 *:
Jun
18;
Feb
19
Jun
22
50% Aug 28
.! 42 V
.
163
1 A.11L
July 10
50.
113%
Jun
38%. Feb
Jan
37
33.;
12
102
Mor 9ft
149
Jun
25% Aug
V
Apr
-
t
5 y4 Mar
62% July
Sep
120'
63
Aug
Nov
45
v
Dec
38% Nov
Jan
125
Oct
Feb
155
July
jVolume 162
Number 4417
THE COMMERCIAL & FINANCIAL
CHRONICLE
NEW YORK STOCK
gaturdft?
Tuesday
Aug. 28
Monday
Aug. 25
« per
"
Aug. 27
t per short
shart
RECORD
AND HIGH SALE PRICKS
LOW
Wednesday
" Aug. 21)
"
9 per shaft
STOCKS
Thursday
Aug; 30
9 per shaft
1003
Friday i
Sales lor
L
Aug. 31
t per shaft
S: per shaft
NEW YORK
the Week
Range for Preyfoas
STOCK
Range Since January 1
Highest
Share*
,VV
EXCHANGE
Year
Lowest
Par
9 per share
t
1944
Lowest
per share
Highest
9 per snare
9 per share
W
68%
14%
*65
68%
15%
*65
■Vl5
15%
•65%:
67%
■4isM'
*64
15
15%
'
34 y8
34%
34%
'
34%
107
107
*107
66
66
69
69
19%
19%
19%
12%
12
12
34%
19%
12%
*34
108
12%
-
*107
12%
12
12%
12%
1%
1%
651%
121/4
1%
66
66
65%
;
1%
12%
65%
167/a
17%
17%
17%
36
36%
36%
37
19%
19%
18%
19%
*27%
22
2
17%
39
18
19%
18%
40
Jan
68
Dee
13% Jan
10
16% Mar 10
10%
Jan
14%
Dec
par
30% Jan
24
35
26 Va
Apr
31 %
preferred
Walker
1,000
19%
600
121/8
12%
15,100
13
2
2
3,700
16,500
Walworth Co__
65%
17%
18
20,300
40%
41
3,600
5,200
17%
17'/».
41
17%
19%
19%
27%
2,200 ;
19%
-No
—
$7
600
700
Waukesha Motor C6
900
13
28
28
28
20'%
20%
27%
20%
28
20%
21%
21%
38%
38%
39
39%
39%
IO1/4
IO1/4
5,000
Webster
7,600
No par
West
-
38%
38%
39
38%
9%
9%
10%
10%
10%
10% "10%
28%
291/4
29%
29%
*86%
87
*86%
87
*86%
29%
30
29%
30
•
29%
106
106
115
115
105
105
;S;/106'//:- 107
V 115/ : 115
*105
115
30
32%
87
29%
32%
*86%
29%
87
30
107
106
106%
116
*115
116%
*115
105%
106
*105%
106%
*106
114%
114%
114%
*114%
30
30%
30%
110%
110%
25%
26%
25
47
47%
*29%
25%
46%
48
HOI/2
110%
30
*109
105
290
80
*40
1141/4
*50
30
.?v
110%
~
—5
—
Feb
68
Nov
17%
Jan
x20
Nov
24
7% Jan
10 %
18
8
Jan
11% Mar
2% Apr
17
1%
Feb
2% Aug
Jun
18% Jun
22
45
62
May
25
11%
22%
Apr
15
July
Aug 30
Feb
30%
Dec
20
Aug 24
Aug
8
22%
Apr
25
Aug
-No par
6%
preferred
6%
24% Feb
2J
15%
Apr
22%
Dec
3
39% Feb
19
23
Jan
31%
Deo
11% Mar
2
6%
Jan
10% July
32% Aug 31
87
Feb 28
22%
Jan
25%
77
Jan
85%
Dec
34% Jun
18%
Feb
28
Deo
83
Jan
102%
96%
Feb
113
Dec
85%
Apr.
103
Dec
Apr
Jan
118%
28
Sep
July
Feb
110
Dec
Jan
2
84% Apr
12
23% Mar 26
-100% Jan
109% Jan
26
101
.100
pfd
No par
8
31% Jun
22% Mar 21
V
.100
preferred
July 18
117
July 13
108% July 12
118
Apr 16
114% Aug 22
Jan
14
109
8
.100
.
Power 4% %
West Va Pulp & Pap Co
190
24
•
Jan
v
May 10
9
conv
28
Mar 26
30% Jan
—5
-
Jun
41
70
Mar 26
20
1
Inc
Tobacco
West Penn
1.300
110%
No par
preferred
1
No par
Indies Sugar Corp—
—1
West Penn Electric class A—No par
7 % preferred
.100
1061/4
30
■
/
116%
114%
110%
$4
30%
105
116
114%
30
110%
32%
*86%
29%
105
:
106
114%
29%
87
48
108% Nov
Jun
14
29% Apr
9
14% Aug 21
241/4 Jan
2
.
5
:
Wesson Oil •& Snowdrift;
6,100
:
Nov
12% Aug 27
15
Wayne Pump Co——
27%
21%
29%
30
57% Jan
.—8
X105
20% Feb
2
—_
Fdy & Pipe
i
Warren Petroleum Corp..
Washington Gas Lt Co
27%
9%
110%
1% Jan
par
Dec
6
Apr 27
72
2
—50
Pictures
Warren
21%
28%
*114%
9%. Jan
8
'
28
38%
l
No
22
*
par
21
May
110% Apr
Aug 21
61%Mar 27
19% Apr 16
8% Jan
2
No par
preferred
Warner Bros
77
105
(Hiram)
Ward Baking Co ci A
;
Class B,
65%
391/2
100
G & W—-No par
Dlv redeem preferred
No par
'
13
65%
2
par
No
80
70%
%
2
65%
108
70
19%
2
.65%
17%
108
»
66
Jun
Jan
No
Waigreen Co
900
,v
preferred— .100
Waldorf System
1,000
■
37%
,
15%
34%
12% /12%
13
12%
12%
:
15'A
69%
*19
'
1%
Wabash RR 4%%
34%
107
69%
19%
67%.
151/4
107
69%
-*64%/
34% ;
*34%
108
*68%
67%
113%
26
10
113
17% Mar 27
30
Jun
Dec
28
50
16%
103
Jun
106
Jan
*
July 13
i:
26
26%
■
46
.
47%
9
9
91/8
9%
9
47%
9J/0
24%
24%
45
43%
24%
45%
45
,
85
85%
85
46%
471/4
a. 7
28
28
30%
31%
35
35%
42%
43%
44%
85
85
46%
*27%
46%
2,700
Western
Auto
3,600
Western
24%
47
85%
*84
Air
*84
48
46%
47i4
47%
*27%
28%
28%
33
700
28%
—1
32
32
32%
32%
327/»
33%
35%
35%
35%
16,000
Westlnghouse Air Brake-
35%
35%
36
357/e
36%
43%
44
43%
44
38,700
Westlnghouse Electric
42%,
,43
42%
43%
1,110
*32
33
33%
32%
33
108 »/4
108
1081/4
105
105
105
105
72%
33
*70
33%
*33
34
34"
33
33
33
33%
108
108
*108
108%
34
108
*33%
*105
105%
*105
105%
.*70
73%
105%
73%
*70
73%
*70
Weston
Elec
73%
,30
12.50
Wheeling 8i Lake Erie Ry
5% % conv preferred—
104%
104%
*103%
1041/2
103%
150
38 %
39%
3H/4
39%
38%
39%
38%
40
40
40%
5,100
94
95
96
96%
96
96%
96
96%
96%
96%
24
24
*24
251/4
*24
380
251/8
25
25%
200
32%
33%
34
33%
34%
8,800
3,800
White Sewing Mach Corp
*32%
.
15%
24 J/4
25
14'/a
14%
15
15%
90
90
34%
8%
34%
34%
34%
81%
8%
8%
8%
99%
*99%
23%
23%
16j/4
16%
24%
14%
991%
*16-
23%
91
1,000
14%
161/4
161/4
16%
*132%
24%
12,400
Willys-Overland
15%
99%
20,200
Wilson & Co Inc.—
16%
16%
I
17
600
29%
30
30
45%
45%
45%
45%
45%
45%
4574
45%
47
93
93
82
82
84
«
56%
57
93
93
*90
*82
56%
92
57%
X57%
58
*91
93
*91
92%
*91%
95
*91%
94
80%
81
81
78%
78%
*76%
17%
17%
*17%
81
*75
78%
17%
77%
17%
*75
17%
58%
*91
17%
17%
21
Apr
31%
37% May 17
50% May 17
36% Feb
29%
Dec
25%
Jan
32
July
July 23
105%
Jan
111
Dec
Aug 23
110% Apr
5
101% May
Feb
19
Jan
19
78
15
97%
20%
Feb
32%
66%
Jan
92%
18
Feb
22
20
Feb
5
Jan
29% July
9% July
x64%
Jan
15
23
16% July 13
3
Jun
94
22% Jan
6
Woolworth <F W) Co——..—10
40% Jan
24
48% Jun
Worthlngton P&M (Del)—No par
prior pfd: 4%% series
—100
38
Jan
15
79
Jan
3
Prior pfd 4%% Conv series—100
Woodward Iron Co
1,600
100
200
230
Wright Aeronautical
77
100
Wrlulev
'Wm)
.Tr
128
-
80
Jan
75
Jan
Jan
Wyandotte Worsted Co
5
1,900
Yale ft Towne Mfg. Co
30
32%
York Corp
—1/13%
Young Spring & Wire
No par '
19%
Youngstown Sheet & Tube—No par
39%
5%% preferred series A
:_100
105%
Youngstown Steel Door
No par
20
Jan
Jan
Jan
Jan
Jan
Mar
Jan
99 V* Nov
Jan
10%
7
Jan
123
141/*. July
Sep
125
Sep
19%
Apr
24
July
1
36%
Jan
44%
20%
Jan
41% Nov
47% Jan
82% Nov
94
July 17
99% Feb 27
49
69% Jun
91% Deo
78% Aug 27
58
Apr
74% NOV
20% Jun
/
22
24
13
17
22
19
26
13
1,200
9
Feb
Apr
20% July
11% July
59% Apr 17
93
Aug 28
24
69% Mar
par
Dec
9%
80%
13
Dec
14
132% May 24
31
Jun 26
5
No par
No
<D«1)
17% May
Oct
311/4
8
July 13
103% July 12
10
pfd—100
13%
87%
Jan
6
25
16
2
15
Dec
Jan
24
6
26% Jun
Mar 26
Dec
July
4%
34% Aug 29
30
900
17%
15
10% Jun
6% Mar 26
10% Jan
97% Jan
15
•34% Aug 31
22
Jan
July
104% Aug
26
26% Feb
30
Jan
77
Jun
9
26% Jan
107% Nov
Feb
96% May 14
43
8% Jan
83% Jan
59%
Dec
107% Jan
24
24
21% Jan
•
Dec
16
87% Jan
.
36 Ye
Dec
33% Aug 30
113% Jan 17
z
3
' Jan
81%
17%
33% Aug 31
31% Aug
7
37% May-12
30% July 26
2
95
80%
*74%
53% July
311/4 July
Jun
31% Jan
No par
58%
*91%
77'%
60%
Feb
Jan
1
101% Aug 21
•
preferred
No par
Wilson-Jones Co—1-—--—-—-1(1
92%
■
Dec
22%
92
2
13,700
30%
44%
Dec
65
41
64
$6
Wisconsin-El Pow Co 6%
29%
29%
27
1
Motors
Dec
50% May 29
29% May 25
2
,
Jan
1,500
*132%
29%
56
—5
Co—
15%
99%
29%
93
Oil
99%
15%
*99%
291%
;
Wilcox
57 % July 10
37%
10% July
31% Dec
105
—1
—1
No par
20
preferred
preferred-^
conv
Prior
1,500
8%
29%
551/4
$4
150
34%
*8%
*28 %
*89
=
61/4 July
Jan
27% Feb
Wheeling Steel Corp
No par
$5 conv prior pref—
No par
Whit® Dental Mfg (The S 8)
—20
24
15%
99%
*1321%
-
*33
24
14%
16%
14%
*90
;
99%
15%
100
*132%
*132%
34%
15
90
34%
23%
>
34
15
90
*7%
8%
*25
15%
34
34
*8
33%
103%
25
90
*88
>
104%
r
Jan
7%
108
100
100
White Motor Co
15%
90
33'/a
32%
15%
15%
*88
*103%
,
No par
No par
*103%
*103%
•
No Par
.
Apr
3%
18
27% July 18
i
No par
Instrument
26%
18
37% Jun
431/0 Aug 21
261/4 Jan
6
121/2
$4.50 preferred
$4.25
preferred
350
20
14% Jun
2
641/4 Jan
Corp new_50
Westvaco Chlorine Prod
1,000
Jun
22
301/2 Jan
,
No par
;
Preferred
700
34%
108
*105
Class B—
200
13
4% Jan
13% Feb
v
Western Union Teleg class A_No par
6,900
31%
32%
32% Jan
Supply Co
10
Maryland Ey
100
2nd preferred—100
Western Pacific RR Co com—No par
Preferred series A
100
3,200
48
Inc
non-cum
700
85%
47%
28%
Lines,
29
108 %
*71
45
44%
86
47%
24%
Western
9
9
24%
1,600
48
47%
9
*24
26
*28i%
33
32%
24%
*23%
*25
47%
8%
'
23%
26
*24%
28
Jan
Oct
84
Nov
Deo
'*
A'.
40%
41
41
41
41%
-
41%
*40%
17%
17%
17%
18%
18
18%
24%
25
24%
25J/4
25
25
51 %.
52%
51%
51%
52%
105%
105jf
105%
52%
105%
105%
105%
41
40%
18%
18%
18%
24%
24%
25
3,200
53%
54
14,500
52
105%
25%
26
25%
26
25%
26
X25%
25%
38
39
38
38%
37%
38%
*38
39
9%
9%
9%
•Bid
and asked
9%
9%
-
9%
tin receivership,
prices; no sales on this day.
41
18%
x24 %
53%
105%
9%
'
10.5%-105%
25%
26%
38
9%
9,100
1,380
9,200
38%
3,400
10%
9%
Deferred delivery,
a
!
23,100
n New Stoek.
rCaah sala.
•
Number
Week Ended Aug. 31,1945
Bonds '
Saturday
Monday ;
Tuesday
Wednesday
of
Shares
United States
1,264,730
i
Foreign
Government
Bond
Bonds
Sales
$4,944,100
$314,000
5,020,900
$22,500
286,000
22,500
of
Week Ended Aug. 31,1945
4,102,000
261)000
49,000
166,000
25,000
Monday-
1,114,420
3,336,000
289,000
20,000
3,645,000
5,766,729
$20,704,000
$1,316,000
$159,000
$22,179,000
Week Ended: Alia. 31
AUg.
Stocks—No. of shares.
*
5,706,729
359,000
287,840
Thursday
3.492.000
270,770
1945
3,310,965
U. 8. Government.
$4,837,050
66,356,560
on
20,704,000
23,269,600
1,632,160,600
1,856,385,800
$24,923,100 $1,703,354,210
Indus¬
Date
■■■*
trials
Aug. 25
Aug. 27
Railroads
10'
First
Second
65
Indus¬
Grade
Grade
Btoeki
trials
Ralls
Rails
Bank of New York
10
Utili¬
ties
Total
40
Chase National Bank—
Bonds
32.70
63.78
106.03
112.83
95.11
108.15
105.78
55.08
32.60
63.75
106.05
113.80
95.13
108.16
105.79
,.
54.72
32.63
63.59
106.01
114.04'
95.00
108.19
105.82
>
Aug. 30
172.37
54.99
63.75
106.06
113.95
95.29
108.28
105.90
108.33
106.04
1945
1944
47,135,232
$1,371,000
201,000
96,000
106.07 ^
114.11
Banks & Trust Cos.
31%
29%
Guaranty Trust
—15
10
-
117 %
95.68'
Trust
Co
20
Lawyers Trust
Manufactures Trust Co
52
Morgan <J P) 8s Co Inc—100
National City Bank—
12%
49
25%
58%
Empire Trust
Fiduciary Trust
First National Bank
93
97
—
25
com—20
43%
60
23%
50
10
33%
-100 1,855
35%
1,915
New
York Trust—.
Public Nat'l Bank &
346
,18%
,100 1,800
46
58
56%
8e Trust
.100
Irving Trust
Kings County Trust—
41%
10
Bank
190
Ask
210
100 yi90
Grace National
49
123
Corn Exchange Bank & Trust.20
Continental
-100
Trust-
462
114 %
Bid
Far
Fulton
47
450
$94,687,000 $124,042,500
25,500,000
7,369,000
753,000
844,000
$2,068,000 $120,940,000 $132,255,500
Ask
Commercial National Bank 81
55.36
64.36
Jan. 1 to Aug. 31
73,589,373
118
Chemical Bank & Trust—
172.32
33.01
;
Central Hanover Bank 8s Trust 20
171.96
55.28
31
1944
10
Brooklyn Trust
172.09
174.29
381,000
$1,764,000
$1,000
1,127,840
100
100
;
Bankers Trust
Aug. 29
Aug. 31
303,000
1,000
Bank of the Manhattan Co.—10
Aug. 28
/
455,000
$1,514,000
249,000
—...
Parwd.
Holiday
32.65
77,000
36,000
$1,764,000
10
utili¬
Holiday
-
33,000
Foreign corporate
-Bonds-
ties
/
290,000
$1,000
256,000
378,000
267,000
1,620,780
New York City
10
Total
Total
$335,000
51,000
Foreign government—
Averages
-Stocks11
Value)
Foreign
Corporate
Holiday
$52,000
$249,000
$1,937,059,500
Domestic
the daily closing averages of representative stocks and bonds
the New York Stock Exchange, as compiled by Dow, Jones & Co. ■;
20
•
Foreign
Government
330,000
—
are
30
44% July
6% July
Jan
1945
Stocks—No. of shares
$4,526,200
76,147,500
Stock And Bond
Deo
Bonds
$149,500
1,504,000
$22,179,000
20%
Ex-rights.
Week Ended Aug.
180,953,060
$159,000
Total
106% Nov
Jan
3%
$1,514,000
1944
242,396,008
1,316,000
—
Jan
13
333,430
Total.
Bonds
Foreign
Apr
96
1,620,780
Friday
Jan. 1 to Aug. 31
1944
$283,000
369,740
——
Tuesday
Wednesday
4,412,000
3,301,000
1945
listed
Domestic
Shares)
Saturday—:
5.349,400
932,660
—
15% July
33%
20% July
42% July
Bonds (Par
(Number
$5,280,600
887,269
Thursday
Friday-
Below
33% Jan
11
Holiday
1,567,600
Railroad & industrial
15
Apr
Jan
Stocks
Total
Bonds
—-T-
Total
Feb
9%
14%
Weekly and Yearly
Weekly and Yearly
Railroad
andMisoeH,
42
12% Jun
y
13
19
28
31
21
Transactions at the New York Curb Exchange
Transactions ai the New York Stock Exchange
StockSi
31
x-Ex-divldends.
wd When distributed.
Special sales,
36% July
27% Mar
Jun
May
Aug
Aug
Mar
26% Aug
34% July 26
5% Jan
2
.No par
1
Zenith Radio Corp
Zonlte Products Corp.
42%
18%
25 V*
54
110
——25
Trust—17%
60%
296
354
19%
1,850
49
61%
302
43%
45%
104%
107%
46%
48%
80%
77%
Sterling National
11 %
12%
Title Guarantee & Trust——12
.100 1,505
1,565
United States Trust.
(Volume 162
Number 4417
v.THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
Saturday
Monday
Aug. 27
Aug. 25
« per
t per
ahare
LOW AND HIGH BALK PRICES
Tuesday
Wednesday
-
'
.
9 per
share
Bales for
Aug. 30
Friday
Aug. 31
the Week
' « per snare
share
RECORD
STOCKS
Thursday
Aug. 20
I per share
I per share
Range for Previova
Share*'
"
Aug. 28
1003
Range Since January 1
Highest
NEW YORK STOCK.
Year 1044
Lowest
EXCHANGE
Par
I per ahare
Lowest
Highest
I per share
I per shar6
I per sharo
W
■
68%
14%
;
*65
68%
15 Va
*65
15
15%
15
34%
*34
34%
34%
34%
*65%
67%
67%
*sm
15%
151/4
15%
■15%
1,000
*34%
34%
34%
34%
900
*64
15
34%
107
107
*107
108
66
66
69
69
*68%
69%
19 V*
19%
19%
19%
na
191/2.
12%
12%
12%
12%
12
12%
12
12
12%
12% ,12%
12%
12%
12%
12%
12%
13
;
'
1%
1%
66
66
*107
1%"' ;
1%
65%
108
65%
107
*19
108
70
.
19%
65%
'•
600
Div redeem
15,100
Walworth Co
3,700
16,500
Ward Baking Co ciA
19%
2
•.
65'/a
65%
653/4
16%
n%
17%
17%
17 Vb
17%:
17%
17*%'
17%,
18
36
36%
36 Va
37
37%
39
39%
41
40%!
41
19%
19 y»
18%:
19%
3,600:
18
18%
17%
19%
19%
19%
28
28
5,200
27%
27%
28
28
22
28
27%
21%
20%
20%
21%
21%
38%
38%
39'
20%
38%
20%
38%'
39
39%
39%
9%
9%.
10%
10%
10%
10%
10%
10%
IO1/4
29 %
38%
27%
21%
38%
i
%
28%
28%
29%
29%
29%
29%.
32%
-32%
32%
87
*86%
*86%
87
*86%
87
29%
30
29%
-
SO
106
106
115
115
115
105
105
*105
*114%
106
30
30
110%
115
29%
29%
107
106
106%
116
*115
*106.
114%
30%
110%
.
*115
106%
114%
114%
30
110%
116%
*103%
105%, 106
*29%
110%
30
110%
™™,
■West Va Pulp ft
6%
190
Nov
15
18
Jun
22
Jun
Aug
2Va Aug
62
May
15
Jian
July
Deo
22 Va
8
36%
Aug 24
28
Feb
11% Apr
22% Feb
Aug 30
20
11% Mar
45
18% Jun 25
41
Jun
Jan
l3/«
2% Apr 17
70
10 Va
8
25
Aug
24 % Feb
21
Apr
15% Apr
22%
Deo
3
397/a Feb
19
23
Jan
31%
Dec
May 10
11% Mar
2
6 3%
Jan
10% July
Jan
2
32% Aug 31
22%
Jan
25%
12
Mar 26
100% Jan
.100
8
109% Jan 26
,
101
jan
8
114% Aug 22
223/4 Mar 21
Fap co™™-No par
:
——. .100
preferred
X20
2
106
Jan
Jun
Feb
28
77
Jan
83 Va
Dec
34% Jun
14
18%
Feb
28
Deo
83
Jan
102% Dec
96%
85%
87
23%' Mar 26
preferred™™—™™—.. .100
—™«
17% Jan
7% Jan
14
1083/4 Nov
84% Apr
:™1
preferred
Nov
20% Feb 24
24
•
—No par
6%
68
12% Aug 27
9
West-Penn. Power 4% %■- pfd— .100
'50
1,300
110%
preferred™
Feb
2
30^% Jan
No par
1%
40
'
conv
48
2
20
.
West Penn Electric class A—No par
80
'■■
30
110%
84
.
:™5
West Indies Sugar Corp—
290
116%
106'A
™™—™
Inc
Tobacco
Wesson Oil & Snowdrift-—
7,p0
114% 1141/4
30
*109
.__1
Webster
6,100
105
:
—5
Wayne Pump Co„;
87
105
*114%
Waukesha- Motor CO—
X105
16
Mar 26
Dec
6
Apr 27
72
8% Jan
13
Washington Gas Lt Co—-—No par
700
Dec
31 %
110% Apr
Aug 21
29% Apr
9
14% Aug 21
24 % Jan
2
.
;—.. —5
900
Dec
14 V4
Apr
Nov
573/4 Jan
;._5
-No par
600
30%
30
116
>
:
106
110%
*86%-
105
114%
30%
30
110%
87
29%
29%
lO?
114%
115
*86%
-
—
:
68
Jan
1% Jan
No par
..50
Pictures
Warren Fdy & Pipe
Warren Petroleum Corp
5,000
9
■
—
preferred—.
Warner Bros
20,300
22
*27%
$7
2,200
..
Jan
10%
26 Va
8
9% Jan
;
No par
„
40
May
19% Apr
No par
No par
,
Jun 21
16% Mar 10
35
.
24
61% Mar 27
No par
preferred™.
Class B.
105
100
™™-—
„
77
2
30% Jan
G ft W
(Hiram)
13
'
'• 2
.;.
preferred
Walker
1,000
.
Jan
13% Jan 10
No par
—
12%
•
2
Waigreen Co™—
66
No par
Waldorf System—
80k
70a/4.
19%
13
2
.65%
108
»
-
69%-
691/4
2
i%
65%
107
4%%, preferred—, .100
Wabash RR
67%.
109
July 18
117
July 13
108% July 12
118
Apr 10
Feb
113
Dec
Apr.
103
Deo
1133/4
Apr
118%
Sep
16%
Jan
28*
July
31% Jun 2fl
10
113
17% Mar 27
103
July 13
110
Feb
Deo
■
26
25%
26%
•
46
47%
9
9%
9
23%': 24%
85%
46%
47%
28
28
30%
35%
42%
43%
32%
45%
29
32
*32
33
108
105
105
;:
*103%
104%
38%
39%
95
96
32%
33%
90
'
*32%
8%
*8
.
24%
25
14 Va
14%
*99%
16%
*16
*132%
33%
34
*33
403/4
105%
*70
73%
*103%
39%
38%
40
40
40%
5,100
96%
96
961%.
961/4
96%
380
25 Va
25
25%
200
34%
8,800
White'Motor Co—-L-
3,800
White Sewing Mach Corp.—
105%
733/4
.103%
25
34%
103%
*25
34
34%
14% '
*90
!
*
91
-
,
j
*33
15%
•
'
34%
1,500"
8%
1,000
24
24%
12,400
147/a
15%
15% - 15%
99%\ 993/4
20,200
151/4
161/4
16%
16% '
*132%
16%
:
29%
29%
45%
45%
45%
56%
57%
X57%
58
93
*91
92%
*91
*911/4
94
•911/*
95'
200
813/*
77
30
'
,*91
95
77 %
*17%
17%
81
80%
*75
17%
41 Va
41-
17%
41%
17%
173/4
18%
18
25%,
25
25
51 %/
52%
*741%
17%-
*40 Va
18 Va
243/4
17%
230
100
Wrtalev
40 Va
51%
52%
513/4
1,900
105%
105%
105 %
18%
183/4
9.100
24»/2
25
3,200
53%
533%
54
14,500
52J 05%
105%
105%- 105%
26
25%
26
25%
26
x253/4
25%
25%
26%
38
39
38
38%
373/4
38%
*38
39
38
38%
i
9%
9%
9%
10%
<
9a/4
tin receivership,
a
Deferred delivery.
Transactions at the New York Stock
Stocksi
Railroad;
Number of and Misoei,
Week Ended Aug. 31,1945
Share*
Bond*
■1,567,600
1>264,780
932,660
—™_.
——
Government
Bonds
Bond*
$314,000
20,000
3,310,965
1,316,000
'■
$22,179,000
242,396,008
Date—.
trials
Aug. 25
$1,937,059,500
Aug. 28
-Bonds-
Rail¬
Utili*
65
Indus¬
Grade
Grade
roads
ties
stock#
trials
Ralls
Ralls
32.70'
Aug. 30
372.37
54.99
Aug. 31
174.29
55.28
•
32.65
33.01
•
/
.
Oct
80
Jan
5
94
Jan
24
July 17
99% Feb 27
49
75
69% Jun
913/4 Deo
9
78 Va Aug 27
58
Apr
22
20% Jun 28
13
Dee
74Va Nov
14
Deo
69% Mar
13
Jan
59% Apr 17
Aug 28
,
Jan
323/4. Jan 24
423/4 Jun 13
183/4 May 19
251/4 Aug 28
84
27% Mar
13% Jan 13
9% Apr
14% Jan
19% Jan
17.
39Va Jan
22
54
Aug 31
19
110
Mar 21
96
26% Aug 31
13
20
Mar 26
Feb 15
20%
33 3A. Jan
3% Jan
42
2
423/4 July
106% Nov
Jan
12% Jun 11
34% July 26
20% July
Jan
'
x-Ex-dividends.
Nov
36% July
15% July
33s% Apr
105% Jan
Deo
44% July
6% July
yEx-righta.
Exchange
Bonds (Par Value)
Foreign
Domestic
$283,000
256,000
Second
10
Utili¬
40
ties
Bonds
Total
$335,000
290,000
$1,000
33,000
378,000
77,000
455,000
36,000
303,000
333,430
330,000
$1,514,000
381,000
51,000
1,620,780
$249,000
$1,000
1,620,780
Stocks—No. of shares..™™™
Bonds
„
$1,514,000
249,000
Foreign government—^
Foreign corporate-™^^.—
{
■
—.—U.
:,
■
.
■
Bank of New York™.J
.—100'
$1,764,000
Bid.
29 V4
47
118
'
49
■
Central Hanover Bank So Trust 20
114 V* J
Chase National Bank.
15 '
41 Va
Chemical Bank. & Trust
10
58
123
117 %
43 Va
60
106.03
113.83'
95.11
108.15
105.78
113.80
95.13
108.16
105.79
Continental
10
233/*
52
25%
106.01;
114.04
95.00
108.19
105.82
Corn Exchange Bank & Trusi_20
63.75
106.06
113.95
95.29
108.28
105.90
58 V*
97
64.38
106.07
108.33.
106.04
Empire Trust
Fiduciary Trust
56%
93
Trust
Co
.20
Bank
& Trust
First National Bank
50
;
753,000
96,000
844,000
$2,068,000 $120,940,000 $132,255,500
49
33%
35%
100 1,855
1,915
Bid
Par
Ask
31V*
462
450
10
106
—
;
47,135,232
$94,687,000 $124,042,500
25,500,000
7,369,000
City Banks & Trust Dos.
Par.- 1
Bank of the Manhattan Co.—lO
......
$1,371,000
201,000
1,000
'Total.™
73,589,373
'
Domestic.™™——.
/
1,127,840
$1,764,000
Jan. 1 to Aug. 31
1945
1944
1944
1945
1
Commercial National Bank &
95.68.
Corporate
Holiday
$52,000
267,000
106.05
114,11.
Foreign
Government
270,770
63.59
.
82% Nov
93
63.75
32.63
41% Nov
473/4 Jan.
3
63.78
32.60
20% Jan
15
Jan
369,740
.......
Brooklyn Trust
Total
Holiday
55.08
First
1
54.72
443/4
287,840 >
Bankers Trust
10
Total*
172.09
—
36% Jan
.....
New York
11
55.36
July
1
359,000
Averages
20
Holiday
Aug. 27
24
48% Jun
Jan
Shares)
TotalL—_™—
180,953,060
$24,923,100 $1,703,354,210
66,356,560
.
10
-
.
1,632,160,600
-Stocks-
Indue*
Sep
19% Apr
123
Thursday...™..—
$4,526,200
76,147,500
l,856i385,800
10!
...
V:
$4,837,050
»
the
30
123
26
Week Ended Aug. 31
daily closing averages of representative stocks and bonds
the New York Stock; Exchange, as compiled by
Dow, Jones & Co.
are
14% July.
Sep
Jun
31
79
1944
1945
$149,500.
1,504,000
23,269,600
132% May 24
38
!
Jan. 1 to Aug. 31
1944
$159,000
20,704,000
Jan 30
80% Jan
10a/4 Jan
7
Wednesday..™..
$22,179,000
5,766,729
July 13
Apr
Tuesday...——
3,645,000
$159,000
Stock And Bond
Aug. 29
5.349,400
289,000
Week Ended Aug. 31
Below
Saturday—.
Mbndayi
..i—.
4,412,000
$1,316,000
Foreign—...
Railroad So industrial™——.
11% July
09%. NoV
of
3.492.000
3,336,000
—.
Jan
22% Jan
6
40s/aJan 24
Week Ended Aug. 31,1945
$5,280,600
25,000
166,000
"
8
16
17 Va May
Dec
9%
Stocks
Sales
$22,500
22,500
49,000
286,000
261,000
3,301,000
1945
9% July
Oct
87%
31V*
Jan
4% Jan
103% July 12
(Number
Bond
$20,704,000
Stocks—No. of shares——
Bonis
V. S. Government
on
.
5,766,729
—
29% July
Jan
20 Va July
33/4 Jan
Total
1,114,420
Total———™
Feb
5
Deo
Weekly and Yearly
4,102,000
■
Dec
July
Feb
wd When distributed.
Special sales,
20
*64% Jan
Transactions at the New York Curb
Exchange
Foreign
■
$4,944,100
5,020,900
887,269
Total.
•
22
6
128
Zonlte Products Corp.
rCash sal*.
92%
26% Jun 23
2
.—No par
:Zenlth Radio Corp
3,400
23,100
Holiday.
Wednesday.
Thursday.
Friday.
listed
n New Stock.
United States
—
Tuesday
•
Daily, Weekly and Yearly
:
Saturday
Monday—
93A
9%-
9,200
32%
Feb
24
23
2
6%% preferred series A
100
Youngstown Steel Door.——No par
1,380
25%
Feb
V* Jan
18
16 3/4 July 13
Jun 15
15
SB
Talc ft Towne Mfg. Co.
-1
York Corp—,™—_—
—
Young Spring ft Wire™——.No par
Youngstown Sheet & Tube—No par
18%
July
1043/4 Aug
343/4 Aug 29
10% Jun
6
Jan
973/4 Jan
5
24V2
523/,
105%
this day.
Wyandotte Worsted Co——
18 Va
Jan
34% Aug 31
■13% Jan
-
par
1,200
41
(Del) „No
X24Va
77
'
-.-"■10% Jan
•
.100'
pfd;4Va% series
—
Prior pfd 4%% Conv series— .100
Wright Aeronautical.
No par
Jr
Deo
6% Mar 26
prior
'WmV
Deo
60
94
30
Worthlngton P & M (Del)—No par
100
900
97%
20%
83/a Jan
3
833/4 Jan 15
.
.100
pfd
1,600
17%
I7y2
41
par
.10
583/4
80%:.
77%
No
—
92%
47
58%
81
:
Co„l
15
Dec
1073/4. Nov
Feb
26
' Jun
59%
96% May 14
26% Feb 15
9
*
■
13.700
30%
453/4
45 y8
215/a Jan
Woodward Iron Co——™™. ..10
..10
Woolworth (F W) Co-.
30
ft
preferred™——
43
36 %
101 Va May
19
Feb
107% Jan
87% Jan 24
Motors.™—j.. ..a
Wisconsin^El Pow Co 6%
•1321/a
29%
*75
on
$6
78
19
1013/4 Aug 21
31% Jan. 24
:
Wilson & Co Inc™a—.—iNo par.
Wilson-Jones
1,500
33% Aug 30
113% Jan 17
110% Apr
5
3
37%
163/8 Mar 26
:™5
Co™—.——
Willys-Overland
600
17
-Prior
33% Aug 31
377/a May 17
50% May 17
36% Feb 16
July 23
Aug 23
Jan
Jun
26% Jan 22
preferred———No par
:.2o
preferred——™.
conv
Wilcox OU
'
*99%' 99%
*132%
*91%
81
prices; no sales
$4
24-
99%
64
150
8%
25
and asked
Wheeling & Lake Erie Ry
—100
5% % conv preferred™^——100
23%
16%
105
Wheeling Steel Corp—.—™No par
$5 oonv- prior pref™——™No par
White Dental Mfg (The S S)——20:
8%
14%
preferred '——No par
,-i
150
23%
99%
'
16%
108
$4.25
30
8%
*8%
1——NO par
$4.50 preferred...
23%
;
24%
•Bid
Deo
27% Feb
West vaco Chlorine Prod—™No Par
350
*105
34%
83A'
93/4
July
111
...1
-
1,000-
108
*70
.
104%
33%
78%
9%
32
Jan
.™1
153/8
34
17%
93/4
Jan
Instrument—12.50
*105
:
82
105% 105
Elec
73%
104%
10o:
41
Weston
700
100%
34%
93
41
(/■
*70
*76%
17%
I
34%
108
34%
82"
34
■
*333/4
151/a
93
17%
34
■
.
—
33%
57
,
Deo
253/4
31 Vb Aug
7
373/4 May 12
303/4 July 26
1,110
96
93
78%
293/4
105%
27% July 18
Westlnghouse Electric Corp new-50
Preferred" ™—:
12 %
'
84
31%
Westtnghouse Air Brake..—No par
38,700
45%
93
Apr
16,000
90
45%"
,
21
V
15
45%
•
31 % July
|
!
33%
44%
78%
22% Jan
36%
29%
*90
Deo
53% July
43%
*24
29%
*82
66%
Feb
33%
90
56%.
Dec
Dec
41
35%
15
92
313/4
65
423/4
V
90
93
Deo
27
50% May29
293/e May 25
36
15
56
293/4
02
43
38%
•132%
<
57% July 10
2
.
43% Aug 21
26 J/4 Jan
6
^~~-Nopar
*103%
.
29%
55%
200
1081/4
,
*28%
*89
2
64% Jan
.
32%
8%
-
•
6,900
*105
24%
14%
99%
16%
16 % July
32%
34%
99%
Jan
35%
42%
-
90
*7%-
6% July
7 Va
44
15%
23%
-
Jan
18
32%
90
34
34
Apr
33/4
37% Jun
30% Jan
class A.No par
33
33%
15%
Western Union Teleg
Class B™.
™--™
*108
25%
*88
k
203/4
2
Western Pacific RR Co com—No par
Preferred series'A—
~100
33
39%
32%
15%
15%
*88
28%
33
700-
108
:
96%
*24
24
28%
3,200
48
33
104%
•.
47%
108
73%
39%
94
26
13% Feb
35%
33
105
*70
*103%
y
Jun
14% Jun 18
43%
33
i
t
85%
28
50
22
■
35%
108%
105
48
'
700
Jun
13
47/a Jan
Western
f
30
^ 323/4 Jan
Western Auto Supply
3,600
32
33%
/
32%
24
28%
-
108%
.
*27%
...
32%
.
28%
35%
44
108 %
72%
85%
47%
*84
46'%
*84
Lines, Inc.
1
Co™™™—10
Maryland Ry-.
—™100
4% noh-eum 2nd preferred™. 100
2,700
I
24%
47
85
47%
*27%
-
43%
'
*71
46%
85
Air
1,600
{
9
24%
;
Western
■i
48
9
24%
44%
26
47%
9
*24
45
*25
47%
8%
46%
,
:
35%
33
24%-
44%
26
47%
*23%
47%
31%
-
*24%
9%
86
/'47 V'/
*28%
31%
35
48
9
24%
85
V
25%
47%
9%
•
24%
45
85
25
,
»•'
47
?
45
43%
.
26%
46%
■
Fulton
.100
Trust.
Grace National
—
190
Ask
210
„ioo yioo
_100
346
Guaranty Trust
10
18%
Irving Trust ——
Kings County Trust™—.... 100 i;8oo
46
Lawyers Trust
25
Manufactures Trust Co com..20
60%
354
19%
.,850
49
_
Morgan (J P) & Co
National City Bank
New
York Trust
Public Nat'l Bank &
Inc
-100
12%
25
Trust™17%
296
43%
104%
46 %
77 %
613/4
302
45%
107 %
48 %
Va
Sterling National
—
12 V*
Title Guarantee So Trust.—-12
11 %
,565
United States Trusts
100 1,505
1
80
4«*,«^Wa«wpHui guteh fyt)M,*
«uf .nkM>m«i»jHMVWSiWifoiWAW^
THE COMMERCIAL & FINANCIAL
1004
Bond Record
NOTICE—Prices
"and
are
interest"-—except for Income and
Monday, September 3, 1945
New York Stock Exchange
«€»
■;hh:"
CHRONICLE
Friday
weekly
-
defaulted bonds.
Cash
and
il||
I-■'
/';
yearly
-
deferred
delivery sales are disregarded In the week's rang*, unless they are the only traneaetlons
the week, and when outside of the regular weekly range are shown In a footnote In the week In which they occur. No account is taken of such sales In computing the range for the year.
The italic letters in the column headed "Interest Period" indicate In each case the month wh«n the bonds matureRANGE
BONDS
t
.'
'
!
'
Interest
Exchange
New York Stock
Period
8.
U.
Friday
'
FOR
WEEK
AUGUST
or
Friday's
BONDS
Bonds
Bid & Asked
Government
High
Low
'•
Range Since
Sold
Low
„1947 1901
A-O
*107.15
107.17
108.14
Brazil
3%s.
—1946 -1958
M-S
*101.22
101.24
102.8
103.27
Treasury
Treasury
Treasury
Treasury
3Ves.
3y«s_
3s—
—1946 1948
J-D
*101.31
102.1
102.4
J-D
*108.28
108.30
..1946 1948
J-D
*101.28
101.30
163". 19 103~20
3s.
-1951 1959
M-S
*110.24
110.26
111.4 i 111.27
*113.5
113.7
112.17
.1949 -1952
1955- 1960
2%s_
1945 ■1947
2%s.
1948 -1951
23/4s
—1951 ■1954
2%s
—1956 -1959
2%s.
.-,-1958 •1963
2%s_
—1960 1969
2%s
.1949
2%s
.1948
2Vas
—1949 1953
2Vis
—1950 1952
2Vis
1952 1954
2Vis
>.
.1956 1958
2Vis
2Vis
———1962 1967
2Vis —
—1963 ■1968
2 Vis—--—June 1964 1969
2Vis
—Dec. 1964 ■1969
2 Vis
—-——-1965 1970
?Vis
1966 1971
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
•
-M-8
M-S
Treasury
Treasury
Treasury
Treasury
Treasury
——June 1967' 1972
——Sept 1967- 1972
1951 1953
1952 1959
2Vis
2Vis—
2 Vis
2 Vis
2 Vis
Treasury 2 Vis*-
*114.11
*100.17
-
*105
*106.6
M-S
y.
M-8
105.21
—
101.31
102.1
100.18
101.20
3
100.10
101.8
101.10
8
100.18
100.26
100.22
100.26
7
100.20
104.19
104.20
38
100.30
W
107.8
*106.22
106.24
J-D
*104.7
*108
100.21
100.21
102.30
*102.18
IVis
—
36
*102.20
*102.22
__
102.23
M-S
102.24
M-S
*102.28
*102.29
;
*102.31
103
102.27
_
102.9
102.20
J-D
102.21
*106.1
*101.15
:
101.17
———
1950
»
J-D
101.5
30
;i
E
101.5
1
100.26
Corporate Stock
-
;:
f 4%-43/4s
s
,.1173/a 117%
10
112%
(Rep)
120
Teletypt i
NY
«•
1-1693
Govt.
A
Municipal
Mtge Bank
AGtd
sink
fund 6s
__1947
F-A
AGtd
sink
fund 6s
_1948
A-O
Akershus
(King of Norway) 4s
AAntioqula (Dept) coll 7s A
A
External
AExternal
s
s
f
J-J
AExternal s f. 7s
AExternal
AExternal
1943
7s series D
s
sec
sec
s
1st
1943
.
■i
S
I conv, loan
External
5s
33
33%
A-O
►30
35
J-D
100% 100s/a
f 7s 3rd series—1957
102%
99%
99%
99%
6
95
101 %
95
94
95
9
90
99%
94
,94
35
90%
99
F-A
A-O
J-J
1957
M-N
.1949
J-J
.1959
J-D
.1941
J-D
1015/s 102%
104% 105%
19
19
108
70%
69%
13
59%
73%
683/4
A-O
59
59
59
5
A-O
69
67
69
15
.1979
A-O
*58
66
-1952
52
70%
59%
73%
*61
68
54
*~
66
52
J-D
2
53
68 3/4
4
57%-
69%
No.
No.
•
102 s/8
106%
*103 y4 104
•
•
108%
*
*103% 104
105%
j-j
*1033/a 104
103%
105 ya
•t
f
g
Z-1943
7s
M-N
.1960
.1960
I
s
1961
f-A
1961
1961
Sep
Sep
1961
smklng'fund 6sl_.1
:
I
.1957
1963
8s
M-N
>
—
533/b
'/.•
'
—
"1942
M-S
1940
a-o
•
1961
94%
iggg
76
81%
"'■'I-
86
10
.
82
108
16
105%
"
10
.
95
98 ya
92
*ioiy4
■•»
101%
?
'
69%
71
52
A-O
63%
A 6s
81%
8
64
62
633/4
52
68%
63
64
8
52
77
4
52
part
part
a-o
101%
101%
.100%
101%
V—
A-O
j-j
M-S
1949
j-d
—
•;v—
„
101% 101 »/4
100
64
13
33/4S
Series
(3Us
Series
52
No.
673/4
*63
64
•:33/4S
52
Series
No.
*63
68%
66
60
".-Vis
/ *50%
.
*97
*108%
60
44%
,
100
No.
*74
—
53
74
64
7-1—ii—1
;>%s
Series
?3/4S
Series
No,
33/4S
Series
No.
Series
No.
11
61
59%
61
Series
No.
12
61
61
61
: 59
59
59
60
33As
1^
3/4
s
No.
*74
75
;-33/4S Series No. 13
3%s
Series
For footnotes
No.
see
75
*75%.
—
14
page
1008.
51%
75
.1964
Irish Free State extl
A Jugoslavia
AMedellin
Mcndoza
s
A-O
96
-I960
7s—
6%s
A-O
*88
i.S80
l'(57
.1954
4s
readjusted
Irrigation—
A4%s stamped assented-
15%
1952
f 5s_______
(State Mtge Bk)
(Colombia)
(Prov)
16%
.1988
m-n
*101%
16%
16
—
.
to
Nov.
5.
__
100%
76
5
52%
20%
20 y4
12%
30y#
30»/a
30
97
94
*12%
143/a
12%
12%
*10%
14%
io y*
11%
..1043
m-n
*—
For Financial Institutions
SECURITIES
FIRM TRADING MARKETS
r.ML MARKS 4 r.o. wc.
FOREIGN SECURITIES SPECIAUSTS
68%
16
51%
66%
.■■■'1
51%
66
7
51%
G8
50 Broad St., New York 4, N. Y.
Telephone HAnover 2-0050
102
A-O
J-D
agree
90'%
J-D
>1954
1942,
233%
100
82%
Mexican
A Assented
25
14 %
96
75
52
98
108
15%
,
96
74%
523/4
—
60
97
106%
__
72
Series
No.
102
,*101% 102%
ig4fl
paid.
paid
>1
95% f-t
ioi y4
101% 101%
68%
613/4
11
99
100%
68
613/4
99
80
" 101 y4101 y4
1
1945
(Republic) s f 8s series A
Helsingfors (City) ext 6Vis
.j
U
115
15
71%
613/4
2111111"
No.
160
115'%
74
66
57%
115
72
Greek Government—
A7s
| .J;
a-o*
1967
Haiti
J
112% ' ;
154
13
983/b
)
110
110
160
J
.
94
: 89%
; 413%
"
27'
9P/4
—
.
31%
,
98%
'
70
102
108Vb
,
.50
.723%
12
32%
>J
I
35%
77% : f
77%,
|
42
*63
109%
*983/4 115
94%
18
69
'
,;
/
18%
.
48% * 58'%
41% " 50
41%
49%
79
'
!
18%
16%
2
533/8
—iw
1
18%/:
683/4
>_
M-S
1969
(Rep of) ext 6s
French Republic 7s
stamped
7s unstamped
„
..
f-a
1940
Finland
»
a-o
1942
-
160
j-J
s
1962
18%
26
v
'
111% 1113/s
a-o
1955
I*
5
*112»/4 114
"
—
A-O
4
17%
'108
j-d
1952
181/8
17%
35
32 /
*108
>-
j-j
A-1951
19
18%
17%
19
:86
•'•
j-d
(Republic of). 7s
18
19H
v,
'/
■
18% ■/:
17 Va
18%
*42
32%
1977
5%s 2d series
'
,
52
\
»
82
~1953
Customs Admin 8%s 2d series
5 Vis 1st series
.17%
17%
.
M-N
Il945
19%
18
1
■
).
i
19%
'*19
2
*42
f-a
External gold 4%s
IA Dominican Rep Cust Ad
5%s
8 a 1st series 5%s of 1926
>
IA 2d series sink fund 5%s
183/a
*42
M-S
IA Denmark 20-year extl
6s__
External gold 5yas
'173/4
76
•;
M-N
•
1949
ser
183/4
24
*74
j-d
1951
B
"I
19%
19
34
/;V :
f-a
1914lHl949
series
193/4
19%
17%
1 i<¥-
'
(Rep of) 8s
Sinking fund
19% :■
'*,17%
a-o
111953
5%s
173/4
*1B3A
a-o
1050
debt
193/4
*18%
a-o
1947'
'
193/4
183/a
/ j-j
1946
7s
18'/a
M-S
1961
1
1
18
j-n
:
t
19%
19%
*18
"H/:
M-S
1970 •'
4%s
AEstonia
V'H
M-N
..
19%
17%
M-N
1947
-
6%s1
(City)
wks
193/4
18
18%
18%
a-o
1961
_Jan
A Czechoslovakia
20
17%
19%
19%
"
■
loan
18%
2
37
19 *
193%
j-d
198)
Oft
'
19%
*19 y8
■
.
a-o
(Republic of)
Public
••
j-d
.1961
I960
A63 of 1928
;>VI
'
j-d
.1960
(Hukuang Ry) 5a
external
193/4
19%
v'-Y*
•
M-N
.1963
(Republic of) 5s of
"'22ye
173/8
19
j-d
.1961
I
fund~6s1~__
5s
25-year gold 4%s__
A Costa Rica
(Rep of)
18%
18%
M-N
.1963
.1961
a Sinking fund-7s of 1926
Sinking fund 7s of 1927
193/4
1
19%:
20
20
I?3/*
33
193/4
19%
19%
18%
:
7
19%
20
•
20
17%
2
193/4
•y 19
—
a-o
1961
f g bonds
9
18%
'
^
I
'
•
'
a-o
1957
A6s assented
s
19%
19%
I'
M-S
.
.1963
Mtge Bank
2
19
'
19%
j-j
.1963
assented
1927
19%
M-S
!
.1963
Chinese
•.
j-j
1961
'
■'
'v
;
1961
jan
70
193/4
193/4
f-a
Ijan
bs
V
a-o
Feb
70
19
■:
a-o
■
Feb
6s
*39
M-N
fund"6sl
fund
,
j-j
~ .1943
External
FOREIGN
1979
to 3.375%)
bonds of 1944 (Plan B)—
Series
■
111%
68
70%
61%
87
16% funding bonds of 1931
'Stamped pursuant to Plan A
Series
'
109%
106%
69%
.1978
61%
76
110% 110%
M-W
1958
-1954
A6%s assented
a
96%
•
107% 107 V*
t
107%
66
J-D
(Int reduced to 3.5%)
Series
109%
A-O
iijftamped pursuant to Plan A
io%s
102%
-.1957
(Int reduced to 3.375%)
A7s
(Central Ry)___
s
70%
104
105%
1
J-D
Stamped pursuant to Plan A
i J%s
/;.
-1979
(
(3 3/4
103
100%
„
108
107%
105%
95%
1003£
*103% 108
*102%
99%
100
103
-1957
(Int reduced to 3.375%
AExternal s f 6'/as of 1927—
(Int reduced
53
99% 100%
100%
.1978
...<
Ei-f^rnal $
11
102 % 102%
100%
M-S
-1955
external 8s
105
MS
1950
*
(Int reduced to 3.5% )
s f 6%s of 1926-
•
ll
M-N
/Stamped pursuant to Plan A
•'i
■
M-N
—1972
AExternal
v;
105%
:
[Stamped pursuant to Plan A
?
33%
86%
1971
:
(U S of)
30
28
1948
.
f 7s
lABrazil
37%
30
f 6s
s
34
36
30
Belgium external 6%s.
s
"36
37%
31
1927
External
34
33
4%s of 1928——
:/ External
38
*30
4 Vis—
of
38
•35
*353/4
J-J
82.
35
36
'
*30
Apr—
1972
(Commonw'lth) 5s of '25-1955
External g
>.
J-J
36
79
92%
36
36
A-O
8 i extl conv loan 4s
Australia
~*91
r,t.
71%
A-O
f extl conv loan 4s Feb
8
'
62%
1957
series-;
f external 4%s
'S
M-S
71%
f 7s 2d series—1957
A
Antwerp (City) external 5s
-.1958
Argentine (National Government)—f
61
*62
J-J
.-1949
f 7s series C
A External
*
1968
—.1943
f 7s series B
s
.*62
"
63
;
95
83
1
■
15
Guaranteed sink fund 6s
a
77
80%
106 y2
Sinking fund 5%s
-
94%
3
10234
Sinking fund 6%S
Cuba
(Colombia)—
94%
803/s
103%
assented
External
Foreign
92
*68
'
91%
92
;
95
80%
.—:/
91%
..
95
■
—
*1033/4 104'%
Mortgage Bank 6%s
4%s
Agricultural
92
j-j
assented
A 6s of
•
92
*88
1953
8s
sinking
Copenhagen
Broadway, New York"
j-j
*:
*87%
15
a
Members New York Stock Exchange:;
103%
102%
assented-
3s external
Telephone
101%
102'/4
100%
101%
^7s assented
A Colombia
REctor 2-2300
97%
95%
3
*101% 102
A 7s assented-
Wertheim & Co.
.>
101
j-j
Chilean Cons Munic 7s
:...
68
/■•
Jan
(City)
A
J
66
67
53
.
jan
Colombia
Securities
1
1948
—
a
n
60%
15
A
(•
a-o
-1967
A6s assented
/HHI/HH'/Zy/*'
68
52%
*95
j-j
-1968
AGuaranteed sink
■//;; HI'-:/'
1
—Jap
—
AExternal
■
65%
51%
,
60%
101% 101%
—***'/■
j-j
>1961
a6s assented-
.
67
52
51%
64 %'
60%
*100
M-N
>1960
3%s
AExternal sinking fund 6s
122
v
>1984
A
117%
51%
:«
5
*100% 101
w-
101%
A-O
>1975
;
A6%s assented
J-D
''
,
F-A
>1970
A 6s assented
AExtl sinking fund 6s
-
;———1980
,
M-S
>1970
3s
AChile
Transit Unification Issue—
M-S
>1977
3s
A 6s
City
7
—
61
67%
(Province of)
f 4%-4%s
s
ARv external
101.10
68
60%
:
M-S
A6s
101.23
68
51%
*60 '/a
'
60%
;
stamped
A 6s
York
New
:' '•'*■.
60%
>1981
103
10~1~9
51%
64%
61
F-A
100.13 103.6
5P/4
4
61
*60'/a
.
V-.
j-d
a6s
v
1
61
'
1950
AExtl
103.3
66%
60%
.
60%
.
61
1958
'
..=3%
No.
AExternal sinking
106.3
J-D
Series
—
*60y8l_-
61
■
;
28
;
10~0.17 10~3~5
66
52
.
66
513/8
66
59%
••r
—
29—v__.
AChlle
103.2
100.25
10
102.27
J-D
27—
^Carlsbad
/•?
102.27
102.27
26
No.
1957
102.27
102.10
.
102.31
J-D
J-D
25
No.
Series
3s
10"l"29 103T4
102.30
M-S
No.
Series
38
102.22
*102.21
Series
2%s
104.24 104.24
513/4
—
.
60%
.
No.
101.12
—
643/4
61
No.
103.28
68
60%
Series
100.21
102.9
„
:/-//
102.20
J-D
24
30-year
104.9
100.27
51%
*6oy8
•
Series
103.28
V
102.5
*M-S
-
3
103.28
J-D
No.
30-year
*102.28
*102.3
23
external aft bonds
Canada (Dom of) 30-yr 4s
108.2
el03.29el03.29
*103.26
22
No.
Series
25-year
67
5
61
*60 y8
3%
104.9
M-S
No.
Series
External
107.26
J-D
J-D
Series
/
Refunding s f 4%-4%s
External read) 4%-4%s
105.17
J-D
21
A6s
101.24
104.20
100.21
20
No.
External
102.3
*
No.
Series
Buenos Aires
102.2
June 15 1948
Treasury l%s
13
101.14
J-D
Series
Sinking fund gold 6s
102.7
59
*60%
(City) s f 5s
Sinking fund gold 5s
102.9
100.15
67%
1
60
'
33/4S
102.17
100.17
el01.12
.M-S
No. -19
Brisbane
/
1Q1.25
101.17
Series
-3%s
105.21
67%
51%
Va
%
61
:
'
107.1 ;
103.4
-—1953- 1959
.
105.19
107.1
100.28
J-D
■
—
—
26
M-8
1948 1950
1948- 1950
1949' 1951
1949- 1951
1949- 1951
March 1950' 1952
Sept 1950 1952
-1951. 1953
1951- 1959
June 15 1952- 1954
-—-Dec 15 1952- 1954
—
105.21
107.6
102.30
*101.23
61
33/4S
107.25
M-8
Mar
—Dec
—Jun
Sep
Dec
.
107.23
High
51%
5
60 VB
'
*107.4
J-D
18
33/45
107.15
Low
60%
*60
-
33/4S
107.1
*102.28
J-D
No.
—.
-
33/4S
M-8
J-D
Series
'
107
105.19
60 Ya
33/4S
114.19
106.8
,*106.30
17
33/4S
105.2
.
16
NO.
33/4S
113.27
113.2*
J-D
J-D
-
.
112.21
114.13
No.
Scries
3 3/4 s
113.7
113.12;
Series
33/4S
101.17
112.10
15—
3%s
100.19
MS
J-D
M-S
2s
Treasury
*113.10
1959
-
2s
2s__
Treasury
112.28
J-D
-1954 1956
1956'
Treasury 2s
Treasury 2s
Treasury 2sTreasury 2s.
Treasury 2s
2s>
2s
*112.26
No.
3%s
110.15
January 1
60%
60%
Series
3-748
106.11
108.27
Range Since
Sold
No.
Low
(Continued) —
33/4S
114
100.6
10
bonds
$
Bonds
Friday's
Bid & Asked
High
3%s
103.21
105.14
100.3
J-D
Treasury 2s_.;——>—' 1947
2s
2s
108.27
--_.i——1959- 1962
Treasury 2 Vis
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
104.28
108.27
J-D
——
Treasury
Treasury
Treasury
Treasury
*104.26
MS
—
Treasury
*100.1
M-8
J-D
or
(Continued)
External
109.24
Treasury
-
Last
Ue Price
Period
High
Week^s Range
Friday
Interest
January 1
No,
,
/ '
•;
New York Stock Exchange
■
of
31
Week's Range
Last
Sale Price
Treasury 4 Vis.
'
ENDING
totn.4MhNm*H«Miai
Teletype N. Y. 1-971
27
v
34%
100'%
'
1.
RANGE
Week's Range
or Friday's
Friday
BONDS
Last
Interest
Stock Exchange
Bid & Asked
gale Price
Period
WEEK ENDING
FOR
AUGUST 31
Range Since
Bonds
Sold
January 1
Low
No.
High
Low
High
Mexico—(Continued)—
A Mexico
i.USi
exu
.1945
1399 £
oi
as
??■'
Q-J
AAssented
to
to
Mlnas ueraes
1942,
absent.
1913
fATreasury 6s ol
AAssented
5.
Nov.
Nov.
J-D
13%
10%
13
15%
10%
7-j
1933
16
12 '/a
22%
*22%
*17%
..
1 6'As
s
external
AMontevldeo
New
External
Norway
sink
F-A
A-0
4%s_——..1956
M-S
extl
1970
1953
to
1963
1994
rel 3 (is series B
1967
mod
sec
3 Vis
ext
of)
(State
APernambuco
J-D
I
M-S
1959
'•."-'W. '7^7
?
»
■
v' 21%
A-O
A-O
assented
1958
A-O
AStabllltatlon loan s f 7s
1947
A-0
1968
A-O
24
J-J
33
J-J
24%
1 6s 2d ser
s
.
,
47
40%
19%
7*18%
:
1940
Ry—
1963
Atlantic Coast 1st cons 4s
July 1952
General unified 4'/aS A
—„—1964
Atlantic & Danville Ry 1st 4s
1948
Second mortgage 4s
—1948
Atlantic Refining deb 3s
1953
1st gold 5s—
& Nor
Knox
1910
3
110A 110%
6
123
124
110(4
UOft
111
110
111%
109
V*110ft
.
110%
Line
Air
Charlotte
&
3%s
mortgage
105% 105%
5
104%
107%
M-S
106(4
105'A 106'A
268
104%
109%
J-D
107
107
107%
91
96%
109%
J-J
43
43
44
10
43
J-J
37%
35
37%
7
35
46%
102'A 102'A
10
102
105%
103
102% 103%
81
98 Va
106%
102%
101% 102%
M-N
M-S
24%
111
22%
133%
115%
117
1
Y
50
24%
18%
213
26
'
25%
V28
22'A
20%
.-1961
Loan extl
Nat
25
r
20%
105%
119%
J-D
1st
'•38%
38%
.
24
J-D
J-D
Atlanta
100
38%
47
,.'v 21%
'
95
105%
*42%
J-D
.'/
:
98%
123
119%
3-D
1960
Atl
95%
High
127%
36
128(4
119
Nov
1955
gold 4s of
Conv
98%
95
January 1
Low
110s/8 110%
M-N
of 1905
Conv 4s
90%
98%
..
*105%
y.:-
-
..1940
A
100%
"...
'
'
*98% 100
,
M-S
1960
(Rep oi) external 7s.
loan extl s 1 6s 1st ser
A Nat
^
M-3
Stamped pursuant to Plan A
(Int reduced to 2.125% )__...2008
APeru
-Y.i'
M-S
1947
7s
101
98'A
Range Since
Sold
No.
High
123
A-O
.1995
—1995
1955
4s_
gold
gold 4s of 1909
Conv
Bonds
Friday's
or
Bid & Asked
128
.—.1993
4s
Adjustment
Stamped 4s
101%
88'A
*95
ser
os
103%
98%
*93
A-O
>*95
X
a
General
103
88
Week's Range
Last
Sale Price
Santa Fe—
Atchison Topeka St
5
l,
Stock Exchange
York
Low
9
■V
99%
*94%
M-N
extl
AStamped assented 5s
Stamp
Ext
J-D
99%
.
Friday
Interest
Period
97%
;
Bell Teletype—NY 1-310
BONDS
97
—V
100%
101
101
F-A
M-N
(Rep)
127
2
*'
*100% 101
A_i9t>j
A Panama
'
5
127
,*100% 102 '/a
v
A-O
1963
sink lund 4%s...
(City)
.'.77
1965
loajj
Municipal Bank extl s f 5s
Oslo
120
125
''***•
127
127
.-
Exchange
New York 6
41
118
'
100% 100%
1957
4V4S
fund
sin*
lund
47%
37
*125
1958
*
5a
(Kingdom of)
External
4s
f
s
M-N
Stock
York
37
38%
"/
—
(State)—
f 5s
s
External
7-b
New
Telephone—DIgby 4-4933
New
1952
7s
35'A
46%
—
1959
iCity)
47%
42
..
*42%
M-S
38%
2
44%"
44%
44%
M-S
——1959
1 6%s_.
s
Wales
South
Membert
Broadway
61
~
____1958
'
A
series
PFLUGFELDER, BAMPTON & RUST
—
Stamped pursuant to Plan A
(Int reduced to 2.125% )_„_2008
A 6s
:
17 %
22%
f
18%
15
Stamped pursuant to Plan A
(Int reduced to 2.125% ).„_2008
A Sec
13 %
9'/a
18%
*13%
,.1"
{—L
'
---
Securities
18
(State>-~
external
A Sec
19(4
16
*18
V' \'
■
'
•
18%
18
7"!--
agree
5,
22%
*11%
'
.
agree
1942,
V
J-j-
——1943
1910_
AAssentlng 4s ol
*18%
*16%
AAssentlng 4s ol 1904—
—.—1954
AAssented to Nov. 5, 1942, agree
Railroad Reorganization
*20
Q-J
•,y
Assenting 5s 011899—"__J—1943
A Assented to Nov.
5, 1942, agree
A
,
YORK BOND RECORD
NEW
New York
;»"■•*
s
1005
THE-COMMERCIAL & FINANCIAL CHRONICLE
Number 4417
Volume 162
-jeSi^
-.t"
Y/'IAY-'Y''' Yr5
B
'
A 4
Va s
gold
of)
(Rep
5 A Poland
6s
A4Vas assented
External sink fund
A
A4
Va
gold 8s_.,_1950
•
1963
assented
s
APorto Alegre
(City of)
8s_,
:
1961
;;
*4%
*84%
50
*46%
47>,
41 ;v
;
49%
37%
'
y
•A
.83
101%
•
'
•
41
43
.
'
•
43
42%
7
~2
%
4
F-A
Plan A
to
Stamped pursuant
'
A-O
7
to
A 7s external loan of 1926
J-D
.
-"
7:;:77rr.;
51
$
^45%
1966
41%.
■'
45%
V
2
41%
-'
35
"42%
•'39%'
14
45%
44%
-49%
to
J
.
/!;»:
"
39
1
'i
'•*
■■
J-D
*40%
36
y'.
2.25%>____2004
Santa Fe external sink lund* 4s
11964
S A San Paulo (City) 8s
1952
;■
Stamped pursuant to Plan A
(Int reduced to 2.375% ).,_2001
(Int
/•
reduced
to
*43%
39%
—
A6Mas extl secured s
external
48%
'
extl
loan
water
A6s extl
dollar loan
.
r:.t
•>.
93%
7
*45%
.
-90%.
.'^7 Ai.
49%
,42%.
;
43%
41
42
42
98%
50%
37%
M;
45%
37%
,
...
-J V:
60
-i
■rv,\
;
'^*537;
J-J
40
'•'"45%
—(;
;j"j
'"Aim,
.61
61,
.
T
.
:
J-J.
J-J
_1968
:y;43%
-ii
y: 45%
61
*52:;
■
A-O
A7s
A
series
Silesia
sec
3
53
40%
53%
•
■;
37
51%
8ydney (City)
A
Uruguay
External
External
3%-4
*20
F-A
M-N
M-N
■
«.
12
9
12
27%
22
32
17%
26%
■
,
9
110
110
—
1
1
conversion
1979
extl conv
1978
82%
.
-
J-D
1978
(City) external 7s
A4%s assented
F-A
\
'•
•
F-A
1984
1958
1958
3Vas extl readjustment
j- '•
85
83 %
•
84
•100
103%
105
110
Y
1
♦81%
'V-.'h'r,'
89 %.
*71
.
V,.
'
..
F-A
:
22
.47%
17%
1... r-
91
80
18%
27
13
>
87%
70
V
,
87
78%
3
Aim
*18
J-J
74%
9
89
72
.>
75%
84%
89%
•
30
.1969
4s s f debentures
.—1969
Buffalo Gen Elec 4 Mis B
2,4*1981
Buffalo Niag Elec 3%s series C—-1967
8 A 5s
series
A
AStamped
Adams
Express coll tr gold 4s
Coll trust 4s of
1907-
A Certificates
Alabama
Southern
Great
Alabama
Power
1st
mtge
3y«s„
6s
with
warrants
&
Foreign
G
Pow deb
Chem
J-J
3(As
1974
Canada Soucnern cons gtd 5s A—1962
Canadian National gold 4V2S—
1957
Guaranteed gold 5s———Oct 1969
Guaranteed gold 5s
1970
Guaranteed gold 4%s—
.1955
Guaranteed gold 4'/as
.1950
Guaranteed gold 4'/2S
1951
Canadian Northern Ry deb 6'/as_—1946
Can Pac Ry 4% deb stk perpetual
Collateral trust 4'/2S
1960
tSACarolina Central 1st gtd 4s
1949
1946
V
Corp 3'/2S
^
£:
A-O
3s
conv
Amer
3s
Am
A
debentures
Tobacco
Co
——1956
deb
3s
—
Anglo-Chilean Nitrate deb
A Ref &
106%
•107
(Subordinated)" due—J
For footnotes
see
page
1008.
Mobile Dlv
J-J
"
"i.'■
v.
90
91
101
11
90%
5
91
•
98%
86 Va
86'/a
98 %
102%
102%
129%
131%
8
'
•■*101% 102
*
•'
f
j.;
M-S
/
'•
2
100%
V
*102% 102%
A*r
•
'A A
■
__
129 7/a 129 7/a
__
-
ArO
*•
T
A-0
Y
100
100%
-
*102%
J-D
100%
86%
-
91
7
A-O
■•
•
•
104
1
107% 107%
102,'
103,:
101%
U
-
'
108
•
M-N
99
100
J-J
AA
F-A
■
•
■,y"
—
80%
63%
-
84
105
.:
108%
106%
21
•
*106%
y
.
16
105
105
105
M-N
103 y<
67%
74
69%
66%
106 Va
98
22
72%
107%
104
6
100
71 %
M-N
105%
■
__
105% 106
A-O
F-A
107%
*106
:7,~'
•
106%
102(4
114%
116(4
'
*98% 100'A
i"
89 »A
99
'
-
101% 102%
80
94
103Vi
100% 100%
101%
M-N
3
100(4
105 3a2
109 %
AGeneral
A 4s
105 a3?
105%
16
105% 105%
24
138% 140 %
267
;■
i4o%
Jan
Q-J
'M-N
116
143 %
to Aug 1 1949)—j
(4 'A %
*1974
104
J A Central RR & Banking 5s stmp.1942
1
110%
115%
Chesapeake
2
71
90
2
94
102
106'A
77
108%
105%
•.
^
107'A
109
43%
■
79
78
i,
/,
111%
107%
■
•
."
;
107'/p.
...•.V'YW
70
y
73%
74
44%
43
109
l
>109
1 *77 v 109
'
86%
31%
51
■
J-J
A-0
83%
~
-
11
103
103
C'
31
49
'A~'.
-
13
88
98'A
99
'
49%
101%
83%
10
103%
97 y8
98%
104
:f\[A .'4
118
J-J
28
118'A
104
104%
102 Va
105%
107 Va
107%
&
Ohio Ry—
gold 4'As
i
Ref & impt mtge 3'/2S D_—
Ref &
121%
116% 116%
J-J
116%
9
116
117%
116'A 117
9
116%
118
116%
121%
*119% 120%
J-J
117% 117%
2
115%
120%,
F-A
113%
113(4 113%
22
112%
115
J-D
104 A
104 & 104%
12
104 3(1
F-A
106%
106'A 106%
27
96%
M-S
103%
103% 104'%
5
A-0
107%
106%
103
105%
107%
*118
J-J
121%
*111% 120%
M-S
107%
107% 107%
15
-107
81%
2
78
81%
F-A
*101
J-D
85
97
97
66%
68
..20%
*71
J-D
J-J
"108
A-O
6
77
:
21%
106%
53%
14%
36
21
91
86%
78
84
;
28
13 3A
28
74%
63%
87
29%
48
<•
106%
109'A
96
100%
J-J
38
91
43
43
43%
41%
41%
42%
85
40
28
7-J
38%
104%
109%
103%
55
52%
34%
48%
44
7
102% 104
106% 107%
103%
106%
7
104% 104%
104
106
109
50
F-A
89%
M-N
103
111
85
89%
140%
90
145%
140% 140%
105%
F-A
2
104% 105'/a
22
104 %
106%
15
104
107%
102%
103
128%
131
125
126
32
i>9
*102%
J-J
*131
J-J
,
*123
J-J
A-O
96%
104% 105
M-S
M-N
•
:
36
;
35%
43%
A-0
104%
73
41%
20%
A-O
J-J
88
106%
102%
104
85
J-J
110'/2
.
102%
104% 104%
J-J
.
.1992
,1996
impt M 3(As series E——*1996
Potts Creek Br 1st 4s——
1946
R & A Div 1st cons gold 4s
1989
2d consol gold 4s
1989
IA Chicago & Alton RR "f 3s
1
General
108%
117 Va
116%
27
115%
107%.
112
107
115
A-O
J-D
106%
103%
*107% 108
A-0
M-N
108%
104%
96
105
.
1st & ref series A
100%
9
78
F-A
101%
--
•'
A-0
F-A
109'/^
87%
106% 106%
————1974
5s
33
'
}
A-0
'Amm.m,
—I960
105'A
96
J"
106%
M-N
1st ref gtd gold 4s_1949
gold
127
'
106%
77-
i, -Sr/r
1987
—
Y Power 3s
Central Pacific
Guaranteed
87%.
96
M-S
M-S
1031/2
114% 114%
M-N
...—.—,1987
4s... J
registered
Central N
A-O
"•••'
•
110 A
105%
10
106% 106%
*105% 105%
.
104%
J-D
M-S
—1946
1960
1st gtd 4s.—.—1961
JACentral of N J gen gold 5s
.1987
A5s registered —.———1987
■
111%
106%
.'.■A7' ' 7-y
21
1st gold 5s—
100
.
M-S
M-S
107%
1
107% 107%
M-N
66%
Illinois Light 3(As—
*101'A
103
—1975
J-J
947/a
90
•
97
—
■«.
A-0
t A Cent'New Eng
103% 104
mtge 3'As series E__l_1964
4(4s cum income debs
A
109
gen
Central
103'A
1st
/
M-N
5l/as series B
5s series C
102
104
1967
Y
76
99%
.
95%
100
J-J
1945
AChatt Div pur money
gen
102%
A-O
Arbor 1st gold 4s
1995
Ark & Memphis Ry Edge & Term 5s 1964
Armour & Co (111)—
\ 96%
^.1959
1959
gold 4s_.1951
—Nov 1945
103%
&
100
A-O
Ann
97
99
,
J-J
97
mtge 5s—
A Ref
100
1969
Wks & Elec 6s sefies A—1975
A 1st
108
102(4
101%
_1962
Kebentures
Wat
1966
;
M-N
F-A
5 AConsol gold 5s
'
debentures
tCentral of Georgia Ry—
157
*100%
*100
*109
M-S
debs———.—1962
—
.1953
1948
104
104 V2
1963
1981
3%s debs.
' '
A'
;'
A-O
2030
_V,.;1949,
96'A
107
107
107
."-'f.
A-O
-
American Telephone & Telegraph Co.—
3'As debentures.
>—1961
3'As
647/a
1: 617/s
63%
—
Branch U P 1st gold 4s
103
*106'A 107
•
'
A-O
—1998
5S—
5 (4s
conv
^
Power 3VaS———1968
Elec
Calif Oregon Power
104% 105%
105%
102% 102 Va
102%
,
i.
A-O
•<
_j^l975
—
Amer I
M-N
.1948
mtge 4(4s
*
•
Alleghany & West 1st gtd 4s
Am
1967
.J.948
assented.."
Albany & Susauehanna RR 3(4s
Gen
F-A
,.1972
3VaS
Albany Perfor Wrap Pap 6s__
*105
*103%
1952
1955
1960
gtd
20%
-
155
*101% 102%
x'
•_t A**.'-
J-D
1940
10-year deb 4%s stamped.—
*150
m-s
deposit
of
1st 4s
5s
Consolidated
ACent
J-D
.
1948
_1947
—
J
-i"
1934
§ A 1st & coll 5s_
Celotex Corp
1953
1953
plain
;
60
304
.
modified
(interest rat 5s- Y
1, 1947) due
1957
JBurlington Cedar Rap & Nor—
deposit
Carolina Clinch & Ohio 4s—
Cart & Adir 1st gtd gold 4s
vy ;-v? ;•>
J-D
.
to May
3%
Certificates of
Companies
^'
3'As—
mtge s f
Celanese
Railroad and Industrial
JAbitibi Power & Paper—
1947
series A
Bklyn Union Gas 6s
California
* 27%
13
101%
*100
M-N
AWarsaw
77 -Y 78
82
*110
110
M-N
readjustment
75
74
87%
■S64
-
24%
101
F-A
-1979
V8-4-&
46
66%
I;
1937)—
readjustment—
4-4Vi-4Mis extl
21
1960
bonds of
($
21%
*10%
fund 6s___
1
21
J-D
(Republic) extl 8s_>
3%s-4-4%%
70
21%
TuA *''{:•
J-D
AExternal sink fund 6s
AExternal sink
'V*
__1958
1958
f 5Vis
s
88
55
77
>.
137
'
>'
36
i
:
^1964
1.
2'As;—-—1950
2%s debentures—
—1956
Boston &" Maine 1st 5s A C—
—1967
1st M 5s series II
1955
1st gold 4%s series JJ
1961,
1st mtge 4s series RR—
1960
Alnc mtge 4(^8 ser A
.—July 1970
t A Boston & N Y Air L 1st 4s
1955
Bklyn Edison cons M 3 'As
..1966
Bklyn Union El 1st gold 5s„
1950
Bush Term Bldgs 5s
74%
.74%
1955
1946
7s
A4%s assented—
3%s
1951
Telephone of Pa 5s series C—1960
Bush Terminal
48
,39
—::
70
M-N
1962
extl
.
: ■
'"Jvv^fv'
M-N
extl
of)
B
(Prov
'L-r
v.*
—1962
„
-1051
1951
—
Stamped
42
i
;
*47
J-J
(Kingdom)—
external
4s
stamped
Beneficial. Indus Loan
\
"
48
48
't 43
-v;
■
57
53%
53%
•;;vw
A-O
Stamped pursuant to Plan A
(Int reduced to 3.5% )—_„1978
'
*55
J-J
M-S
.
secured
88
66%
78%
■
Aroostook RR—
Buffalo Rochester & Pgh Ry-rr:.;'
52
'
Stamped pursuant to Plan A
(Int reduced to 2% )
,_r2012
I ASecured s f 7s
1940
A 8s
66%
85
76%
,
-
42
-
Serbs Croats & Slovenes
92%
81%
'y
'
1951
Beech Creek Extension 1st
Gen
J-J
2004
;
T-t
ijf-N
1956
Stamped pursuant to Plan A
(Int reduced to 2.25%)
J7-A:
'
1950
.
)
•>
40%
.36
75%'
Y
■
1957
f_.
39%
M-N
Stamped pursuant to Plan A,
(Int reduced to 2.5% )__„_.1999
'
A 7s
M-S
■
Stamped pursuant to Plan A
(Int. reduced to 2%)
2012
lASan Paulo (State) 8s—7$.
1936
Stamped pursuant to Plan A
V(Int reduced to 2.5% )'ll^_i999
A 8s
;-Y-
88%
107
77
F-A
due-——1950
1959
1947)
to Jan 1
4s
'
'
*
Con "ref
36% -45%
y42
*36
Hi::
!
107%
66%
M-S
Feb 11960
—
-
Pgh L E & W Va System—
'
Ref gold 4s extended to
S'west Dlv 1st M (int at 3%%
45
40
99%
J-D
M-S
Toledo Cln Div ref 4s A_—
54
:
■
43
145
•
81%
-1998
due
v
A
3
f
45
;
(int at 1(4%
1946) due—
..1993
due.
A Conv
46
40
?
79
77%
78%
Y
-
Bell
J-D
Plan A
(Int reduced to 2.25% )____2004
A7s municipal
loan
1967
Stamped pursuant to Plan A
pursuant
C:
so
«
—
to Plan A '
'
2%);
__„.2012
Stamped pursuant
f
41
35%'
41 ,Y
A-0
J-D
C
ser
Sep 1 1946)
Y
T
Bangor St
$:i si7
0
'
♦38.
—■'
^
J
1999 1
.1968
(Int reduced to 2.5%);
A6s external sink fund gold..
I
1993
due—
.
50
37
gen
Dec 1
to
*
'.V'v—V-y
'•
to
July 1948
A (int at 1% to
Ref & gen-ser D (int at 1% to
-V " Sep 1 1946) due
2000
*
Ref St gen ser F (int at 1% to
104%
42%
A-0
4%
at
(Int
due
1946)
1
Ref St
:
42
71%
A7
gold
mtge
Oct
Ref & gen ser
Dec 1 1946)
1
t
Aim
*104'A 104%
.,*v '
;
July 1948
~
7: A"
A-O
1948
A8s extl loan Of 1921
Stamped
50%
-
-'r',r
»
1st
30%
43
Y'-
v
39
14%
41
■
;■
-
v-:'
;'Y
F-A
2012
to 2% )
(Int reduced
77
y;''j v* i
r
\
(State of)—
>
-
25%
44%
/'
7
to Plan A
pursuant
(Int reduced
x
•
»■'LV'.jJ\
A-O
AExternal
Stamped
vv"
:
J-J
M-N
F-A
Stamped pursuant to Plan A
(Int reduced to 2.375%)
,2001
sec
6%s
i—w~1953
10
24%
*45%
%
A Prague (City of Greater) 7%s.;
1952
Queensland (State) extl 6s—1947
A Rio de Janeiro (City of) 8s^_>__l94fl
Rio Grande do Sul
J
*
Stamped pursuant to Plan A «
(Int reduced to 2.25% ).—2006
34
•
24'A
RR—
1st mtge gold 4s
Stamped modified bonds—
30%
Y
Ohio
St
Baltimore
34%
16
.
\j'vV..v6
-.-x
i960
AExternal loan 7%s—
33
10
♦45%
J-D
27%
.32
—-
24%
24
25%
14'A
■■
*33
Stamped pursuant to Plan A
(Int reduced to 2.375%•)___—2001
'
26
*24
25%
7,A '■■■'
•
49
48'A. 50'A
431
~
Monday, September 3, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
1006
NEW YORK BOND
RANGE
WEEK ENDING
RECORD
or
Last
Interest
Stock Exchange
Sold
Week's Range
Interest
New York Stock Exchange
Last
Period
Range Since
Bonds
Friday
BONDS
,
Bid & Asked
Sale Pric
Period
Friday's
31
AUGUST
Week's Range
BONDS
New York
FOR
Sale Price
January 1
or
Low
ref mtge
1st &
1997
1985
1982
A—1988
74
7
65%
83
95
95
2
84
w—
79
J-J
J-J
.
—
16%
31%
—
.
Certificates
IFlorida
92%
52-
97
114 Vs
88
.111
23
95
1173/4
99
96%
■>"/
96 Va
10
94%
ser G
Indiana com 4s
ft ref 4%s series D
t§AChilds Co deb 5s
{ADebenture 5s
tAChoctaw Ok ft Gulf cons
J-J
J-J
J-J
25
94%
76
263
67%
5s
26
17 Va
,33%
88%
/■;/
:.-
747
.-I
77%
393
94
103
*100 Va 102
103%
—
73
141
52 Va
79 %
21%
225
*99%
J.
a
95
90 Va
48
88
99s/a
91
12
88
90
88
95% ,
89%
t~
96
1063/4
102
,
1
96
95
,
99 Va
,94% 100
94%
83%
92
'83
4 - '
102
|
1
102
"K
103
4
105%
9
ft4s
99
97%
—
,
*112%
103%
.102%
■,
M-N
F-A
A-O
A-O
A-O
A-O
*121%
103%
«
—
i
Conn
\ •
f 3%s A
1961
Consolidated Edison of New York—
Conn River Power s
debentures
--—1948
3 Vis debentures—
*
1956
3 Vis debentures
1958
Consolidated Oil conv deb 3 Vis
1951
3ViS
tAConsol Ry non-conv
ADebenture
1955
1956
4s
ADebenture
■
1954
deb 4s
4s
mtge 3Vis
.7 1st
.',..
Power Co—
Consumers
—
__
—
■7 1st mtge.3%s
1st mtge 3
|ACuba Northern Ry
A Deposit
receipts.———
RR 1st 5s gold
A Cuba
...
receipts
—
A7Vis series A extended to—.—1948
A Deposit
receipts
——
A6s series B extended to.*
1946
*V
A Deposit -receipts
Curtif Publishing Co 3# deb——1955
107
105%
104% 107 %
15
75:
v
102%~103%
103 Vi 103%
*
42
Dayton
Deere
Co
&
2%s idebs
1965
4s extended—1963
Delaware & Hudson
\
"
1st
&
ref M 5s ser C__
Income
mtge
due
& Light
Power
3s
57%
|
|
.
Gen mtge, 3Vis ser
f
Gen
.
series B~~.—-—1978
1965
G—1968
Gen ft ref 3s series H
1970
Detroit & Mackinac 1st lien gold 4s 1995
A Second gold 4s—
——1995
Detroit Term & Tunnel 4 Vis.
19el
Dow Chemical deb 2 %s
1950
Dul Miss ft Iron Range Ry 3%s—1962
tfADltf Sou Shore ft Atl gold 5s
1937
Duquesne Light 1st M 3 Vis..——1961
Edison 4s series F
ref mtge 3%s series
120
114
;
114
116
24
126%
105%
6
120%
102 A
102
57%
108%
ctfs
102
1031/4
105 y«
21
104%
107 y4
32
11
102
1051%
/
32
57
5
741/2
59
4
58%
75 %
59
1
57
74
1373/4
8
'
121 Va
•
1033/4
30
;
137a
A-O
J-J
•
98
105%
&
ref Term
M
5s
stpd
13
84
18%
27
102 Vs
1043/8
11
101%
106
.91
7
101%
98
98
104 7
100
•
68%
*98
98%
108 %
110
139%
*107% 109
M-N
109
111%
<74
.
35
104%
100
J-J
107
106
•
6
1037a 104
104
1952
.
78
13
106%
'
5
104
112 Va
104%
14
106 Va
130 Va
109%
5
1969
144 Va
I
H
*139
J-J
1957
F-A
A-O
102
68%
—.Feb 1957
141
102
1999
1937
Hudson Coal' 1st s t 5s series A_—1962
Hudson Co Gas l3t gold 5s
1949
35%
Hocking Valley Ry 1st 4%s_s
$$Ajttousatonic Ry cons gold 5s
& Manhattan
1st 5s A.
102
M-N
M-N
AAdJ income 5s..
$
96
8
:
*114
.
67'/2
68 Va
36 Va
/
173
35
■
1037«
■'.< 72 %
8774
11474
106
77%
74%
75%
J-D
115%
64%
62
30
-80
-
v
45
Illinois Bell Telep 2%s series A
Central RR—
? ; /
19S1
j-j
1951
1st gold 4s
;
Extended 1st
1951
a_.
^
Purchased
.>
gold 4s
1952
3%s__.
J-J
'
50%
85%
40%
51%
66
68
100%
95%
103
83%
82 Va
94%
6
> :-89
98
96
100
2
1
103%:
100%
99%
105 Va
97
103 Va
100%
:
~~
100%
:
127
81 Va
89%
78
76%
95%
85
5
73%
92
105
105
92
'75
93
JInternational Great-Northern RR—>
80
10574
99
*82
J-D
401/4
96
100
'
105
89%
Indianapolis Union Ry 3yaS=ser B-1986
Inland Steel-1st mtge 3s series F..1961,
993/4
97%
107%
87%
91%
93
61%
097a
85
J-D
J-D
1963
74
75
103
1
94%
103%
1963
103%
42%
U
80%
42%
42%
..
65
_5
:
1061/4
'
"6
41%
62
71%
41
501/2
65
101
1
100%
103
103
102% 102%
*103%
i
52
103%
61
Ind 111
ft Iowa
Alst-6s series
AAdjustment
108 V*
l
...
99%
6
57%
*
106
973/4
74%
108
28%
54%
1
'74%
62%
60
41%
74%
58 Va
85
58 Va
84%
89%
-
Alst
5s
series
B...
Alst gold 5s series C
JAInternat Hydro El deb
Intcmat
Paper
1956
1950
6s._„..£.1944
1947
J-J
5s series A ft B
84%
122
3
104
105%
4
106%
111%
102
102 %
83
104
108%
M-S
*103 V8
M-N
1972
•
75
'«-j 'V.'
104%
108% 109
84%
A-O
.1955 '
161
74%
88
95%
102 Vn
99
105%
J-J
^1955
101 Va
100% 101%
F-A
goJd 4%s.__1952
5s
*73 "
J-J
—
Ref sink fund 6s series Ai
,
■
105
104% 105
93%
14
88%
103%
103% 103%
1
102%
104 %
103
107'/a
James
Frankl ft Clear 1st 4s..
...1959
—.1961
J-J
62
59
75
Kansas
70%
...
61
76%
.P--—1936 !
deposit..,.—'
Kansas City Southern Ry 1st 3s
.1950
Kansas City Termihil Ry 2%s
1974
Kentucky Central gold 4s
i___
.1987
Kentucky ft Ind Term 4%s—.1961
Stamped .il—_J
;
....1961
■Plain
J
1961
4Yaa
unguaranteed J
.1961
Kings County El L ft P 6s—i
,1997
Koppers Co 1st mtge 3s
1964
JAKreuger ft Toll 5s ctfs—
1950
10
5%
21
5 Vi
19.
96
54%
71%
1
1061/4
108%
107
109 %
106
109
106% 106%
55
"S
1
35%
<•
48
28
56
35%
113
110%
114%
*101% 103
101%
103 %
106% 106%
60
106% 106%
99
K
Kanawha ft Mich 1st gtd gold 4s__1990:'
44
16
92
J-D
ft Laughlin Steel 3%a_
78%
108% 108 Va
58
39%
106%
93
79%
79%
40%
J-J
63
*107% 108%
55
'79
21
J-J
July 1952
A
107% 108
108
A-O
A-O
1952
A.
6s series
106 Va
*111
105
361
113
j-j
109
12%
*32%
J-J
■M-S
103%
98
'
58 %
57
'
Jones
5
v
•11%
•
108%
103
10
100
61
15
•
__
103
100
*63%
•»-..»
Int Rys Cent Amer 1st 5s
106
*106% 107%
62
I
■
108%
75
42
42
,102 Vi
106%
105%
2
•
100% 100%
F-A
50%
51
m-N
106%
V
j-j :
1963
4s sqr D_._
92
*90
•
'
■
*101% 103
Ill Cent and Chic St L ft N O—
Joint 1st ref 5s series A
ii.
;
91
J-J
943/4
v" 'mm*k
101% 101'/a
92
84
164
86%
*100% 101%
102%
~1
103
106% 106%
__
84%
94%
1
18
25
J-J
1951
.1951
;
v
94
93%
*86
F-A
84 v4
•
•100% 102
93 %
102
J-J
1951
1950
j-j
j-fl
A-o
■/..
887/s
*105%
1951
3%s_l933
Springfield Div 1st gold 3yss
Western Lines 1st gold 4s_
1
Registered
i
Debentures
..
28
F-A
6t: Louis Div ft Term gold 3s_'
1951
t Gold 3 Vis
—...1951
Int Telep-ft Teieg deb
.
98 %
J-D
4s.—i.1950
101
11%
58
89%
1968
lst gold 4s
41
F-A
A-O
70
21
1950
jj,
tftlnd ft Louisville 1st gtd
42
Af-N
i 2
94%
96%
M-N
Bridge gold 4s
ref mtge
75
93%
94
M-N
1955
40-year 4%s
1st
*66
__
'
—1953
108%
*61
Af-N
A-O
101
" < 101
...
94%
:
110%"
*61
A-O
103%
101
J-J
108 Va
41%
—
105
103
101
M-N
gold 4s
Collateral trust
Cairo
a-o
105%
*77
J-D
103
*102%
M-S
1953
lines
..
a-o
igsi
.1952
gold 3%s
1st gold 3s sterling
1
J-D
J-D
102%
*104%
j-j
106%
J-J
42%
*103% 103%
J-J
1951
Illinois
103%
1
106
7
45
19
105
City Fort Scott & Mem Ry—
5 A Refunding gtd
ACertificates of
4s
*106%
A-O
..
\
86 %♦
A-O
40
87
86
80%
*84%"--85%
102% 102%
A-O
81%
16
93
92%
91%
103
A-O
r."
j-j
j-j
J-J
-
*120%
'
»
118%
68
101
106%
104
109%
102
102
'
*109%
J-J
118%
-
75%
106% 106%
*65
i.
106%
J-J
*105 Va
A-O
*182%
__
—
79
173%
183%
104
15
102%
105 Va
6
1
4%
-
25
105%
110%
107% 107%
1
102%
108 Va
A-O
104
M-S
6
1
* ii
8
108%
109 %
71
j-j
*157
151
158 Va
1008.
/■■ V
28
78
2015,
6
Ed El 111
128 V8
';-
10
/
107 Va
j-j
•Gulf States UtU 3%» series D—1969
3%s
see page
123
<
Gulf & Ship Island RR—
Lake Sh ft Mich Soli
For footnotes
119%
15
106% 106%
A-O
13
119%
1993
101%
S
'
106
Feb
106%-106%
116%
gold 5s
J
j-j
1959
1st & ref 4 Vis series C.
*119
cons
114%
J-J
Gulf. Mobile & Ohio 4s series B....1975
i
91%
100%
111%
107
54%
53
115
10474 104%
Feb
j
?
127 Va 128 Va
♦J-J f
73
1057a
35
:
13274 134
111
J-J
1980
Greyhound Corp 3s debs
Gen vmtge inc 5S Series A...
1st & ref 3%s series D
1
-mm
39%
__
111%
;
40
•'
-
J-J
]
i
:
89 Va
7'-;
v'iif"v
133%
J-J
103 Vi
?
119% 120.
J-J
-
Louisville Div ft Term gold
Omaha Div 1st gold 3s
M-N
1st
104%
1
49%
115
*102 Va
J-J
B
191
-
65%
7
100% 101%
101
J-D
Litchfield Div 1st-gold 3s.._
107%
East Tenn Va ft Ga Div 1st 5s—..1958
(NY)
1...
K
L
ser
105%
14
102
59%
103
J-J
J-J
3%s
111% 112%
106% 106*%
*49%
A-O
mtge
; ;, :
•
103% 103%
~m-n
1977
^1967
1960
11970
mtge. S'As ser M
*
AGreen Bay ft West deb ctfs Ai.
Refunding 5s
JtD
A-O
* M-S
J-D
J-D
J-D
Af-N
M-S
*100
1976
Gen
—
35
49%
49%
105% 105 %
<15
ft
J-J
1952
—
j.
General 4'/2s series E_
Gen. mtge 3%s series 1
/
109%/m
V.1
*108
* F-A
ARef & impt 5s
/ 48
1973
•
1955
Gen
1033/4 104
103%
J-J
103% 103%
106%
63
Detroit
80
77%
,
.
V
General 4%s series D__
Collateral trust
59
J-J
J-J
AiVssented
103
...
j-j
1947
Refunding 4s
59
tDenver & Rio Grande RR—
fi Alst consol 4s
1936
JAConsol gold 4Vis
1936
XDenver & Rio Grande Western RR—
AGeneral s f 5s—
102
57
4
697a
69
69%
M-S
1949,
Oct 11945
General 5s series C
108%
r
1973
—1993
1973
55%
...
w1969
inc debs.
106 %
108
110% 110%
*114
Lack & West RR Co—
Y, Lack & Western div
Delaware
68%
J-D
1949
Corp—
General 5V2s series B
)
l05 %
103 Va
18
107% *'_1'
Delaware,
N
69
*104 y8105%
Great Northern Ry Co—
86%
68
102 yB
30
D
1970/
Union Ry 3Vis series S___13C5
.conv
1st gold 3%s
104% 104%
ADeposit
Dayton P & L 1st mtge 3s__
30
68
M-N
.1958
Grays Point Term 1st gtd 5s
102% .107 %
*102% 105
102
108%
16
30
102% 102%
M-N
M-N
1
m-s
99%
114%
106% 107
*111
106 7/b
Af-N
M-N
*
128%
4
;
109%
3
)
1952
132
16
100% 100%
,
107% 107%
106% 107
J-J
J-J
—
3Vis
Vis
Crucible Steel 3Vis s
1st mtge
yy
F-A
J-J
F-A
•/
A-O
A-O
J-J
J-D
J-J
v
...
1965
r-——1970
.
1968
1969
f debs.:—
1955
1st 5Via
1942
105%
117%
320 Va
67%
5s
cons
I
106% 109%
.'.104% 105%
72
-
J-J
1977
1951
3s series L
Ry ft L 1st ft ref 4Vis—....
113% 114%
M-N
...—1958
3Vis—-——
debs
101% 106
13
107% 107 %
107%
106 Vi
105%
Commonwealth Edison Co—
mtge
91%
107
J-J
A-O
M-S
F-A
1st
104
132
105% 105%
*107%
1961
H V 1st extl gold 4s—1948
Sou Ohio El 3 Vis—1970
Tol 1st extl 4s——1953
Conv
106%
131
105%
Hudson
96%
80
*105
102%
Columbus ft
112%
83
95
88%
107%?
101 Va
106%
*125
104%
__
89% " 91%
90
98%
10
*106
J-D
tft Georgia ft Ala Ry 5s
112%
107
39
1083/4
102
__
109
111%
:>
110
M-N
Columbus ft
104 %
106 Va
2
'
..
102% 102*%
*
y
gtd
——1950
Cleve Short Line 1st gtd 4 Vis
-1981
Cleve Union Term gtd 5Vis
„1972
1st s f 5s series B gtd————1973
1st s f 4Vis series C
1977
Colorado & Southern Ry.—
4Vi8 (stamped modified)——.—1980
Columbia Gas & Elec deb 5s.
1952
Columbus ft
102%
*124
Certificates of deposit
;
t§ftGa Caro ft Nor 1st ext 6s—1934
Certificates of deposit
i
I
Goodrich (B F) Co. 1st mtge 2%s_1965
v
76
10
*107% 110
—
J-J
J-J
M-N
J-J
Debenture 5s
105 Va
99%
98%
98%
M-S
1974
& Utilities
Realty
ft Debentures
1063/4
90 Va
4
97% ?/■
98%
104% 104%
t
J-D
D 3 Vis
Series
98%
JJf-N
j
I
t
.90% 103
105%
96%
J-D
Cleveland ft Pittsburgh RR—
*
Series C 3Vis gtd
—_—1948
102%
88
102
—
100
*._ •
j-j
111
5
105 %
—
v
'
*104%
J-J
V
105
102
109% 109%
98%
_
:
49-
100%
99
:
—
j-j
1959
5s series A
Gen Steel Castings 5 V2S
y
*
,
_
^
108
:
102
F-A
F-A
;:
100
j-j
a-o
—
1st 4 Vis
Gas ft Elec of Berg Co
i
f
' ,105%
1
106% 106%
--
r
deposit.
Coast
i
28
13%
5
103
103
105
743/a
20 Va
--
10874
47%
65%
70 Va
20%
C
78 Va
1,193
62%
72Vi
90%
80%
5'/.
100% 100%
65Vi
68 Va
148
100% 104
102 /a
^
2
84%
1n9l/
F-A
J-D
'
1966
3Vis
3Vis
1967
Cincinnati Union Terminal—
1st mtge gtd 3%s series'E
1969
1st mtge 2Vis ser G
1974
Cleve Cin Chic ft St Louis Ry—
General gold 4s
1993
General 5s series B
——1993
Ref ft impt 4Vis series E
1977
Cin Wab ft M Div 1st 4s
—1991
St L Div 1st coll tr gold 4s
1990
Cleveland Elec Ilium 3s
.,1970
1st mtge
deb
3s
v(. A Certificates of deposit
Francisco Sugar coll trust 6s...
1st
Cincinnati Gas ft Elec
•
'
99%
24%
87%
88
;
,
.
A-O
A-O
M-N
1957
1952
■■
119%
73%
M-S
1943 -
103 Va
1173/4
97
of
East
Alst ft ref
>
.
115
100
101
101
1943
tAFlorida Cent & Peninsular 5s
108
105
96%
75
247/8
k
—
Chic ft West
1st
Firestone Tire ft Rub
21
96%
V
■
J-D
J-D
M-S
mtge 27/aS
2974
21%
96%
Chicago
1st
15%
21
—
A-O
—1963
1963
1952
1962
116%
106%
1961
11
*96
y>
M-S
deposit
107
106%
110% 110%
97 Va
20 V*
96%
J-D
Union Station—
1st .mtge 3Vis series F
105%
-
112% 112%
110%
j-j
2000
1971
1st cons mtge 3Vis ser G
Ohio Div 1st mtge 3%s.;
I
20
*107%
—
M-N
J-J)
ACertificates of
*105
112%
a-o
'
J-J
gold 4s
1951
ft Southeastern 1st 5s—1960
guaranteed 5s
Dec 1 1960
Income
72
86%
*82%
"
Memphis Div 1st
Chic T H
91
*88 %
20%
-
F-A
1951
3 '/as
103%
m-s
1990
1st cons mtge 3Vis ser F..-_.
i
General
1960
1951
Chicago St
High
102
a-o
:
1964
4st cons mtge 3%s ser E__._
January 1
Low
1047a
1952
gold 4ViS
L & New Orleans 5s
AConv
\
Range Since
Sold
No.
110
1934
SASecured 4Vis series A—
Gold
73
96
—
gold 4s
|ARefunding
-vy
99%
141%
100
F-A
deposit
of
76%
98 Va
132
90%
A-O
1927
tChicago Rock Island ft Pacific Ry-AGeneral 4s
1988
ACertificates
60
77
26
J-J
J-J
J-J
part paid—
25%
/I
98%
96
5s stpd
1st
Railways
ijAChicago
*
*140 Va
—
95
J-J
4Vis——1999
1989
income
3s ser B
65%
64%
65
...
Bonds
High
*102% 102%
J-D
1950
Elgin Joliet ft East Ry 3%s
1970
El Paso ft 8 W 1st 5s
1963
5s
stamped
.—..1963
Empire Gas ft Fuel 3V2S
..1962
line Railroad Co— vA; *
Gen mtge inc 4Vis series A_.-A.2015
y
|
i
J-J
4s series A
gold 3Vis series
4%s series C
4Vis series E
mtge conv
106%
V
May 1 1989
B__May 1 1989
AGen
May 1 J989
AGen
May 1 1989
AGen 4%s series F
May 1 1989
tChic Milw St Paul ft Pac RR—
AMtge gold 5s series A
1975
AConv adjustment 5s
Jan 1 2000
Chicago & North Western Ry—
2nd
115%
103%
J-J
J-J
J-J
M-N
J-J
J-J
1947
gold 5s series B—1947
C
1947
Alst & gen 5s series A
1966
a 1st ft gen 6s series B
May 1968
Chicago Ind & Sou 50-year 4s_.—1956
IChicago Milwaukee ft St Paul—
1st mtge
115%
112%
j
ARefunding
AGen
111%
2
J-J
2038
ARefunding 4s series
AGen
16
21
112%
104
Ry—
IChicago Ind & Louisville
ARefunding 6s ser A
-C
104%
112:
104'A
J-J
M-N
M-N
J-J
,
High
113% 113%
J-J
F-A
F-A
1958
1977
1974
series B_.
3%s
Chicago & Eastern 111 RR—
AGen mtge inc (conv)
1st mtge 3%s ser B
Chicago # Erie 1st gold 5s
Chicago Gt West 1st 4s series
AGen inc mtge 4 Vas
1st & ref 4 Vis
No.
High
Elec Auto-Lite 2 Vis-debs
/.y,
ft Quinsy RR—
Chicago Burlington
General 4s
Low
Friday's
Bid & Asked
Low
'
^1997
J-D
1997
gold 3Vas
registered.
J-D
.1975
Dec
110
110
110
Lautaro Nitrate Co Ltd—
Alst
mtge income
reg
52
52
11
50
61
'
Volume
BOND RECORD
NEW YORK
FOR WEEK
RANGE
B OND S "■:'
"•"/*,
'
t+.\
New York Stock Exchange
/■;/.
■•V'/»"■/'/■'/./
/•/ ' •
i,
Bid & Asked
Sale Price
1
106%
?
104
3
6
106
t
;
'
99%
100%
98
4
100
99
tN Y
100%
93
92
ANoarconv deb
A Non-con v deb
-
5s
.-
Leb
——1974'
stamped-.-—
Harbor Term gtd
Val
Valley N Y 4>s .ext_
Lehigh Valley RR—
4s stamped modified™.-
4s registered
*
_.
stamped modified
registered
4 As
modified-.
90
88%
88
80
831/2
87 A
87%
871/2
56
53%
58%
71A ^
'
66%
-
531/2-
106%
107
*106 A 107 J/a.
106 %
108
106%
lOT-i/a
118%
120
19
—
118'/a 118%
.
15
104 J/2 IO41/2
103/2
103%
103% 104
9
103
105%
105Vi 10&%
6
105/4
27/bS
M
G-.
ser
Paducah. & Mem Div 4s
St Louis Div 2d
106% 107%
A-O
M-S
gold 3s
Atl Knox St Cino Div 4s
106%
0
96%
99
96%
96%
A-O
F-A
"
100
M-N
4As
Central RR
Maine
ser
A—1960
mtge
AManila RR (Southern Lines) 4s
McCrory Stores deb 3'A
Side
West
El
—
■
75
—
-
-
•100A 102
4s
1955
4s
1st mtge 2%s_1975
Ft A
4 %s
90%
1
3s
-f
Ref &
92%
prior lien 4s._1997
registered
5s series C_;
;
series D
Northern States Power Co—
Ref & impt 5s
102%
25%
(Minn)
1951
-1952-1979
Michigan Cons Gas 1st mtge 3V2S-1969
JgAMidland of N J 1st-ext 5s
1940
ISAMilw & Northern 1st ext 4VaS—1939
ext 4 'A s
1939
.
*107%
•
—
103 A 103
109
109
,
3
99%
97
(Wise)
A 1st
1990 /
1982
J-J
1971 :v.
1991
4V2S inc ser A—
mtge 4s inc ser A
mge
AGen
/'<
J-3
J-3
J-D
:
Mo Kansas & Texas 1st 4s_,
96%
'
86
69 A
68 A
81
222
1962
40-year 4s series B
Prior lien 4As series D
-
A Cum
65
/
.^Missouri Pacific RR Co—
A 1st & ref 5s series A
-
1st mtge 3As_I
j.
Alst & ref 5s series F
.
F-A *
85
———1977
4s_
ref
St
A 1st
ACcnv
5s
series G
69
'
79 %1
gold 5s series H
$ ref 5s series I
;Alst
Moh'k & Malone 1st gtd
M-S
M-N-
1966
65%
19
69%
93'
64%
& T 3/»s
Mountain States T
Fuel Gas 1st
Mutual
B—
4 As series
Constr M
•
85
.
M-N
3-D
7
—1953
1955
1968
5s series A
M
Constr
V-'.V85
40
72%
95
;.
gtd 5s——.1847
M-N
M-N
J-IV'
M-N
354
34 85%
"*
86
*78
122 /
86
3
110% 110/4
72 %
?
I
95%
72 A
95%
/
f
.105%
108%
5
104% 106%
•
100•'100
5
103
7
103
96
101%
101%
103
67%
68%
51
62%.
77.%
// 75%
77%
39
66
86%
74'A
,.-•71
;'v74Vi
69
63
79%
/ 68
*
*106
.
F-A
106/4.
105%
Prod 3Vis debs
Navional Steel 1st mtge 3s
1960
1965
J-D
A-O
fANcugatuck RR 1st gold 4s—_—1954
M-N
Nat
Dairy
109%
33
96%
0
106%
108%
A 105 A
9
104
106%
105
107
111
105 A
105
112%
*107
_.
—1948
J-D
—1945
—1945
New England Tel & Tel 5s A—,—1952
1st gtd 4As series B
1961
J-J
N J Junction RR gtd 1st 4s
1986
F-A
*100%
New
Jersey P & L 1st mtge 3s
1974
M-S
*106 A
New
Orleans Great Nor 5s A
1983
Newark Consol Gas cons Ps
JANew England RR gtd 5s
A Consol gtd 4s
:
.
As
Orleans Term
1953
Alst
A
of
Certif icates
series
5s
Alst
series
5s
C
ACertificates
4As
Alst
series
ACertificates
5 As
Alst
N
Y Central RR
Ref
& impt
Ref
& imot 5s
N Y
Cent
3As
&
of
4s
—1956
Mich
/
1954
River
2013
Ref
.—...1998
1998
Dock
3 Vis series D
For footnotes see, page
108
104%
107%
.1969'
1974'
Union Ry
5As._._1974
D—1980
'Phila Bait &
3As deb
:.1952
Wash 1st gold 4s— ,
81
95
Phillips Petroleum
70
General
5s
General
86
77.
80
3
91/2
73
98%
83% 101V*.
;•
86%
90
91
83
86%
,,
88
94%
244
.
80
78%
94%
272
85%
99%
12
■
1964
2%s debs
100.%' 107/a
..
97% 105
88
87
97
87%
85
Pittsburgh. Cine CM & St Louis—
: /
Series D 4s guaranteed
1945
Series E 3 As gtd gold—.—
1949
Serijs, F 4s guaranteed, gold
1953
Series G 4s guaranteed.....^,
1957
Series H cons guaranteed 4s_—.1960
Series I cons 4'/2s
1963
/Series J cons guaranteed 4As_1964
Gen mtge 5s series A...
._1970
Gen mtge 5s series B
I...
1975
Gen mtge 3%s ser E
.1975
-
102%
'
99
218
102% 104A
83
94
82%
95
81%
91
85
12
*—
J-J
105A 106 /a
54
101A 101/2
84
A-O
Pitts Steel
3
100%
102
As series B
Pitts & W Va 1st. 4 As series-A
20
106%
1st mtge 4
1st mtge 4 As
26
100%
24
103%
107%
105%
109
*111% 111%
111%
113%
1st
*108%
109
110%
«.st 4As
107%
F-A
104%
1965
A-O
104 A.
1986
A-O
*105% 106 7/8
1948
J-D
1949
F-A
103% 104%"
104% 104%
__
mtge 3As_1964
1st mtge 4As
104%, 106%
109
104%
107
7951
1008.
128
119%
110% 110%
5
106%
115
81
82%
68
72%
79
79
82%
V '•
89%
89%
3
90
102%
71
87
109
99%
110%
107
93
F-A
—.1965
—
124
108%
—
114% 115%
110%
•■/
136
14
/':
—
115
Q-A
136%
136
*127%
M-S
QrJ
75
133%
V
*138
M-S
102%
47
59
•.
110
97%
.
J-D
1st lien & ref 3 Vis series E_.
N Y Gas El Lt H & Pow
gold 5s
Purchase money gold 4s
61
*135% 136%'
f-'-W
89%
8
97
59/a
61
'
104%
Marquette Ry 3%'s ser
Pittsb Coke & Chem 1st
gold 4s
'
108 A
.
96
f
A-Q
A-O.
109%
107
102
80
*—
F-A
Connecting RR 3As A_
N
104 A
F-A
.1975
"""■
107
107%
80
847/a
/
F-A
1980
N Y
N Y Edison
106%
19
86/a
J-J
Chicago & St Louis—
3%s series D
1st
91
1998
mtge
'/
'
107% 107%
"«
J-J
44
6
6
107% 107%
107%
M-S
A-O
98%
25%
39
33
31%
32
103
88A
90%
86 J/4
—.1998
coll
106% 107%
3-J,
110
106
10
F-A,
Phelps Dodge conv
108%
104
99 •/•
A-O
————1997
Ref mtge 3Vis ser E
Y
90%
86%
J-J
registered
New York
A-O-
3As_.——1997
gold 3 As
3As registered
t
\
A-O
-•
93%
110%
937/a-
F-A
.2013
series C—
,
104%
*86
—
series A—...1998
M-N
35
11%
M-S
604
5
103%
*107%
v
--■■/■
■—
__
M-S
19
99% 100
A-O
101
100%
102%
103%
6
103%
105%
5
103%
105%
26
102% 102%
■wW'"V
J-D
106%
99%
99%
*99%
F-A
30%
103%
99%
104% 104%
.
20%
10
10
24%
23%
J-J
104%
106%
*102% 103
J-J
J-J
103% 103%
♦
106
106
106
A-O
101
•/>v
■■
108%
-/■.■
106% 106%
i-
J-D,
102%
106/
*101% 103%
J-D
.
13
107%
105%
*106
106%
J-D,
106
106%
9
105
107%
J-D
105% 106%
25
104%
108
106% 106%
16
J-D
105%
106%
106
106%
2
105%
109
A-O
3-D
107% 107 A
2
107%
110/2
107
107
103%
105
112
114
109%
111
106
105 A
106%
*108
108%
108/4
106%
3-D
J-J
*103% 105
M-N
M-S
*110%
M-N
*
J-D.
J-3
J-J
—
;
A
.
*106% 107%
•*
I" .>-■
105 A
107/a
16
106 A
7
105%
108%
107%
F-A
106%
106% 106%
F-A'
105%
105% 106
4
M-N
107% 1077/8
F-A
126
107%
108%
3
107% 107%
M-N
107%
108%
124%. 128%
118% 124%
10
126
46
J-D
119%
119% 120
129 A
129% 129%
13
126%
134
J-D.
119% 120%
33
118 A
126%
120% 120%
11
118%
126%
12
103%
106%
27
102%
106%
107 A
109%
A-O
J-J
J-J
104
104
A-O
103% 104 A
104
"i
.
..
M-S
*107%
—
A-O
80
80
55%
57 A
Apr
107%
106
99% 100%
J-D
41
2
100%
106 vi
96%
103%
131%. 138 J
*131
F-A
70
49%
11
__
104% 104%
100%
M-S
91%
78%
24
*106
F-A
131% 131%
128%
131A
105%
108%
14
102%
104%
102% 102%
102% 102 A,
106% 106%
3-D
102%
M-N
3
19
23
104%
3
101%,
101 %'
5
104%
106%
106
107
107
107%
J-J
107%
102% 102%
J-J
M-N
M-N
*106% 107
M-S
J-J
__
*17A
30
27
15 A
30
28
102% 102%
102 A
F-A
15%
45
24
23
23
1
104 %
101%!
103
3
V|
—.
V
deposit
registered
Cent
Pere
5
'
9
19
96
88
48
32
30
•
104% 105
81
88
'
'
F-A
94%
A
80
26
50
-
*98% 102
/
110%
100%
104%,
89
*—
—
F-A
93%
*__-
88
F-A
deposit—
Lake Shore coll gold 3 As.
3As
Peoria & Pekin
126
5
77
'''
F-A
52%
13
68
93%
series B—
1974
gold 4As series C__—1977'
Philadelphia Co coll tr 4%s
1961 /
Phila Electric 1st & ref 2%s—^-1971
1st & ref M 2%s
1967
." 1st and ref 2%s
—.1974
Philip Morris Ltd deb 3s—
.1962=
3s debentures ....
1963
t§APhilippine fiy 1st s t 4s_.—..1937
ACertificates of deposit—,—
76/
107%
67%
46
—Apr)990
AIncbme 4s
115%
107A
-
108
108
*106
—
36
5s™_».1946
k Light 3 As
113A
1
106 A 107%
...
4As series A—
Hud
107'A
; *107% 108
F-A
deposit
D_.—
of
'
105%
105%
7
106 A 107%
/
103% 104%
1948A_„1960
debentures
123%
5
105% 105%.
A-O
1956
4 As
100
*125%
—_
series A„
ACertificates
113% 114A
77
—
of
114 A
A-O
deposit—
•
102%
y'V
1954
of
" 104%
95
deposit—
B
Certificates
96
5
J-J
JNew Orleans Texas & Mexico Ry—
}ANon-cum Inc 5s series A—..1939
A
19
99% 100
J-J
.
'
101% 102
J-J
1
1952
1st gtd 4s
N O & N E 1st ref & imp 4
New
J-J
J-D
M-N
89
103% 104%
Pennsylvania RR—
v
Consul gold' 43
—
—,1948
4s sterl stpd dollar..
May 11948
Cons sinxing fund 4 As—
:.1960
General 4 As series A
:—:—;.1965
General 5s series B_,
—..1968
General 4%s series D:
—:_1981
Gen mtge 4%s series E....
..1984
Conv deb 3%s
:
--—1952
Gen mtge 3 AS ser F—
1985
Peoples Gas L & C ref 5s
......1947
Peoria, & Eastern 4s ext.——I960
104%
107/a
107
74%
103 A
Electric Co—
»-1st k ref mtge 3 As series L™^1966
1st & ref mtge 3s series J
1970
1st k ref M 3s series K
>_1971
1st & ref M 3s series L
.-1974
1st & ref M 3s series M_
,—1979
Pacific Tel k Tel 3%s series B—^.1966
Ret mtge 3%s series C
,»_1960
Paducah & III 1st s f gold 4 As
1955
Panhandle East F L 3s B__
1960
Paterson St Passaic G k E cons 58.1949
Pennsylvania Co—
:
107% 110
98% 100
15
83
104%
&
Gas
Penna Power
N
Nash Chatt & St L 4s series A—1978
101%
82
77
107%
*—
100%
J-J
Gtd 4s series E trust ctfs_.™„_1952'
Pennsylvania Glass Sand 3 As—,—1960
Pennsylvania Ohio & Detroit RR—
/
1st k ref 4As series B
;.1981
1st & ref 3%s ser D—
.1968
110%, 113%
/' 1
105A 1051/2
103
-:-
"
1
t
95%
105% 107
105% 105'A,
i:
59%
79%; 91%
106 A 106%.
106%
/
•'
14%; 43%
24-
j':'.
~
Co 1st gold
Pacific Coast
73 "/. 95%
"72%
135
-
10
89%
33 1
•
47-,!"
101%
'
88
Pacific
435
•'■
86
84A
,
A-O
'3-D
J-J
ref 3%s
Power 1st k
VA531A
85'
r-84%,
17 A
101
101%
P
112
84% ••.861/2
:
A-O
1960
1963
1966
Montreal. Tramways 5s ext
——1951
Morreli (John) & Co 3s debs
1958
Morris & Essex 1st gtd 3As_
2000
debentures.——;
6s
Moutana
32 J/4
: M-S
//F-A.
gold 4s—1991
Monongahela Ry 3 As series B
Monongahela W Penn Pub Serv—
1st mtge 4As
85-':,
M-N
A-O
F-A
1949
;1980 /
——1981
45
85 J/4
4'/a
98
110
84%- 86 .1;
42% : 45A
t-
17%
57
J-J
gold,5s._.1946
Guaranteed stpd cons 5s
:
Oregon-Washington RR 3s ser
94'/2
»
A
M-S
1978
.
gold,5%s
& ref
Alst
'?•
-' 89
30%
58
11%
107% 110
Champlaln Ry—"
Ore Short Line 1st cons
74 A.
73
93%
•
A General
s
a
741/2
rt 0 CO iff
22%
11
101
:—1964
;
93%
77%
40
86
107%
21
/
/
81
.i
•
.1966
.1973
73
J-3
A-Q>
•
>
73%
83%
J-3
-
—1978 /
series A—Jan 1967
adjust- 5s
85%
81%
O
Missouri-Kansas-Texas RR—
Prior lien 5s series A
59%
145
109%
guaranteed- 4s^
1948
Ohio Edison 1st mtge 3s™_
1974
1st mtge. 2%s
i
:
1975
Oklahoma Gas & Electric 2%s
>-1975
Oregon RR & fiTav con gold 4s—:_1946
94% 106
140
86_
69/2
63%
102
Alst
.
120
97A
13
62%
82%
J-J
*
Minn St-Paul & Sault Ste Marie—
•
45%
J-J
1st Sr ref mtge 3Aa
..1967
2%s
4
—,—1974
JOgdensburg 8s Lake
91%
116 A
104%
125
99%
96%
__
25
M-N
111 A
107%
," 75
*•.{£«•*:
,109
v
25
*107% 109
M-S
105
98%
3.
83
*107
102
34
107%
4
A
109
83
A-O
J-D
J-D
102
105%
_.V
*100%
M-$
M-N
J-J
M-S
>
93%
33%
2047
6s series B
Ref & impt
63
83%
2047
2047
2047-
series A
impt 4As
77.
61
11
J-D
Q-J
...2047-
A,
66%
86
22%
,
Q-F
i
41
75
•;
1997
& Id gold 3s
ry
74%
55
65%
M-N
Jan 2047
registered
4s
Gen lien
76%
54%
33%
J-J.
series A
58%
5
85
M-S.
1993
mtge 5s conv inc
,
15
62 A'
1965
.1963
1st mtge
1st gold 3 As
//Ref & impt 4 As series C
58
65%
A-O
A-O
1st cons gtd 4s.j.
El Lt & Pow 3 As
mtge
A Gen
i.
16%
10
4s_...1992
__.._»1998
2014
Norfolk & Western Ry 1st gold 4s_1996"
North Central gen & ref 5s_
1974
Gen & ref 4As series A
—1974
1st
1,
99%
v
23
23
__
74%
M-N
J-J
19*6
102% 106%
3
V 105% 1051/4
54
1956
J-J
104-/" 105A
1041/4
—
77
J-D
82%
•
56 A
,___^._^1958
Ref & Impt
A-O
M-N
A-O
Michigan Central—
Jack Lans & Sag 3 As
A § Consol
v>91
■
53
M-N
101%
80%
60%
59%
J-J
M-N
1959
.,1953
4s„1938
(Chic)
87
'
87
.
1
1
77
60
Norfolk Southern Ry Co—
116%
100
100
56%
3As
196b
Nlag Lock & Ont Pow 1st 5s A—>.1955
102%
65%
52
741/2
72A
100
87
M-S
*
Metropolitan Edison 1st mtge 2/83-1974
Metrop Wat Sew & Drain 5 As
1950
*§AMet
74A " "
100
3-D
' M-N
&
181
59
•
J-J(
Northern Pacific Ry
J-D
coll 4s ser B
1954
Manati Sugar 4s sink fund—Feb 11957
A Manila ElecRR & Lt s f 5s
1953
1st
60%
18an Y West & Bost 1st 4 As
M
'
59
Niagara Falls Power
102%
114%
*102/4 104
•1161/8 116'/a
J-J
JJAN Y Susq & W 1st ref 53:....™1937
8 A 2d gold 4 As
;
1937
8 A General gold 5s__
^.1940
A Terminal 1st gold 5s
1943
N Y Telephone 3 %s series B
..1967
97
10137a
4s.1.
N Y Queens
111%
/ 96
*107 372 101 >/4
24
6s
N Y & Putnam
107
-2003
-2003
—1946
ref M 3%s series F
ref
A-O
58%
■NY Steam Corp 1st 3%s—-
105%
M-S
58%
58
certificates 3 As..
N Y Power & Light
105A
J-J
y.
2
deb
AGeneral
116
•
—
60
58 A
—
*AN Y Ont St West ref gold
121
109%
*106 A 106%
M-S
M-S
F-A,
A-O
'
76%
118%
19
-118 A 118%
M-S >
-1980
1956
1st &
1st
&
47
& Nashville RR—
Louisville
E</
47A-
59
Alst & ref 4As series of
132%
*1051/8
'
123
'
91% 107
M-S
....._...r1948
8 A Collateral trust 6s_._y
1940
.
115%
100
„_1955
4s
A Debenture
64%
127%
A-O
M-N /
~
451%
93A
A-O.
1949
1949
-—1949
Lorlllard (P) ,Co deb 5s
1951
3s debentures
—1963
Louisiana & Ark 1st 5s series A
1963
Louisville Gas & EJec 3/2S__'
1966
1
84%
M-N
—1957
1927—.1967
t A Harlem River & Port Chester—
1st 4s
1954
45A / 69%
110%
5
—1954
3%s__._.
A Debenture
AGonv deb
'■>'•
10
90A
90A
M-S
1947
ANon-conv
..
}
116
115% 115%
n
98
rl947
deb
/.. ANon-conv.
.
.96%
78%
Liggett & Myers Tobacco 5s
-—1951
gen 4s series A——1962
stamped-;.—
95
73% >91
125
851/2
*1311/4
4s
'
59J/2-
83
A-O.
Long Island unified 4Si_
Guaranteed rtf gold 4s
/••
■
80 A
18
46
54J/a,
58 A
'.'"rV 22'
52
46
ii
/'
.
512
50
51A
Lehigh Valley Terminal Ry ext 5s_195l
Lex & Eastern 1st 50-yr 5s gtd
-1965
■
-9
89 Va
80%
__j
F-A
M-N
Littltf Miami
>90
87%
,
A
.
88
*48
-2003
—2003
4%s
5s stamped
89%
,
*89
—1950 '///J-J/,//
' .'i v X
2003
••
M-N
2003
—i
2003
M-N
Lehigh
,
..
1954
5s^--
90
F-A
1974
1st & ref sink fund 5s
„
High
1 AO 74
115
114%
*..,:
.
,,
Low
I0074
*—
4s
3 As___
•ANo^conv deb
.
■: 89% ' 95
J-J
M-N
100%
January 1
No.
High
*108
M-N
—^.1973'
New Haven & Hartford RRr-7
i»
-
Bangs Sinee
Sold
Bid & Asked
Loto
J-J.
.AAs series R,
Bends
Friday's
er
Sale Price
Period
.Mtge. 4s series B__._
—^2043
N Y Lack & West 4s series A.—p. 1973
100
,
:
__2OO0
2043
Mtge 4s series A
t
*
*99% 100
gold 3 As
N Y & Harlem
•
Lehigh & New Eng RR 4s A
v
High
104%
105 J/2 105%
f 4As A
s
Low
Last
Interest
?
...
Week's Range
Friday
it v a i> t
New-York Stock Exchange
Range SinceJanuary!
No.-.
: 104% 104%
1954
AJ-J
1965 ■'•/■ A-O
Lehigh & N Y 1st gtd gold 4a—--1945
M-SLehigh Valley Coal Co—
' /
/■ V.,r.""1st & ret sink fund 5s-.
1954
F-A
/ 5s stamped
—1954 './,'
/, ■ 1st & ref sink fund 5s
;
1964
F-A
5s
stamped
;—
--——1964
//
Lehigh Coal & Nav
ENDING AUGUST 31
>;
j-Sold
•
High
Low
:
Bonds
Friday's
or
Interest
,t Period
,
f
■V Friday j* Week's Range
100
CHRONICLE
THE/COMMERCIAL & FINANCIAL
4417
162 a ■; Number
*
«
series B
1st mtge 4 As series
1st 4s, ser A
B
5s series C
Pitts Young & Ash
1st gen 5s series
gen
series D__
,
1950
1950
1958
1959
1960
1948
1962
1974
1977
101% 102 ;Q
*101
M-N
106A! 107 *
113% 113%
113A' 116%
F-A
II,
*113
J-D
M-N'1
,
•
*115
*114
F-A
*125
M-N
114
*124% 125
,
■
,'•
v
129%
A-O
A-O
*103%
M-N
~
93%
A-O
95
92/2
105 A
3-D
105 A
105 A
J-D
'
—
*125%
F-A
J-D
95
*105
3-D
: 136
| 109 '•
.
101A 104%
A-O
105 A
3-D
129
105
107 A
105%
105A
93%
94A
93%
93%
J-D
.
•<
128%; 134
129% 129%
*106
{ 126%
124 A 127
129% 129%
J-D
1 114
123
F-A
i
106 %
A*106A
99 A
84 A
99 A
84%
4
84% " 99%
25
106
106
—
*117
104
103
—
*127
1
8
11
—
'
•*—
'
"
—
m+f
J-'
Monday/ September 3, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
1008
NEW YORK BOND RECORD
RANGE
i
,
BONDS
Friday
Interest
Last
Period
New York Stock Exchange
Sale Price
Pwr
El
Potomac
J-J
M 3%s.
1st
F-A
mortgage 3%s———
1st
Uiah
No.
J-J
M-N
..
I A Providence Terminal 4s—
M-S
..
"100V2
■■■
:
25
103%
__
Public Service El & Gas 3%s.
1st &
ref ratge 3s
"107%. 108%
1st
&
ref
1st
St
ref mtge 8s_._
J-D
Standard Oil N J deb 3s
107%
•
108%
Ret
&
'
'
>
Gen
(4.7%
mtge
102% 107%
106%
s
66%
106%
* 104% 105%
104%
106
M-N
101% 101%
110% 110%
110%
112
107'/a 107'/a
106%
Rochester
105 %
103%
'98%
110
J-J
1977
M-S
"125%
mtge 3%s series H
1967
,.1967
Gen mtge 3%s series J_
1969
/|§AR I Ark & Louis 1st 4%s
1934
I ARut-Canadian 4s stpd—•
-1949
IJARutland RR 4%s stamped—1941
M-S
M-S
mtge 4%s series D.:...
Third
A
*
„
110
110
•'.<
107% 107%
10&
A-O
105% 105%
104
"109% 110%
68
M-S
69%
/
Ave
Ry
30
%
2d
1996
gold 6s
Gas
81
J-J
j
j
/, 79%
A-O
'
I8t Louis San Francisco Ry
APrlor lien 4s ser A—
of
A Certificates
95%
96
98%
92%
& Elec
1st gold
55%
53%
55%
53%
54%
48
66%
■
58
59%
57% • 58%
51
deposit—a
—
M 4%s series A———--1978
ACons
43 %
41%
stpd—
42%
41%"; 42%
ACertificates -of deposit
A 2d
4s
J-J
..1952
1990
J-J
certificates
IA 1st terra & unifying 5s
AGen & Tef gold 5s series A
gold 48-1968
St Paul Sc Duluth 1st cons
1941
1971
1$ASt P & K C Sh L gtd 4%s
Paul Union Depot 3Vis B
St
.-1989
1st gtd 4s—
V & N E
Scioto
ISeaboard Air Line Ry—
"
gold 4s unstamped
ACertificates of deposit
§ A4s gold stamped
A Certificate of deposit
1950
_195v
6s
cons
1959
series
of dep
ACtfs
Pacilic
land
&
5s
>
}
"28'A
;
i
34-year 3VaS deb
35-year 3y2s deb
JASeaboard
Seagram
All
Fla
deposit
6s
A-O
1935
ctfs
•
46%
,
..
f 4s
s
series B.
523/4
65%
■/'/.: 21
53%
745/«
92%
5
78%
63%
92%
;L:
%
*87
105
24
25
28
104% 105
21
102% 102%
11
F-A
105
M-N
A-O
1979
J~J
—*'
*103%
,
•;
75
:•>--
81
•v.;.:"
.1958
F-A*.
.1957
M-N«
:<>
103
103/«r
•
—
1st
105
!
103%
*108
'■>:
108%
1
.
f
130
\
108%
j
107y4
>/:>-'
101%
161
923/4
97%
95%
97%
63
853/4
IOI3/,
95%
96%
165
85
1013/e
97%
99%
219
105% 105%
17
South
,_1981
Pac RR
1st 4s
1st
1950
ref gtd 4s
1955
Stamped
Southern
99%
■V-
J-J
105%
105
84
:
Ry 1st
cons gold 5s
4s series A
&
Devel
&
gen
&
gen
Div
1st
Louis Div
J-J
128% 128%
A-O
100% 102
195a
gold
1st
.1950
5s
A-O
114
A-O
J-D
.1967
3%s
:l
1st 4s
5%s series A
.1952
95%
114
J-J
1951
J-J
70
105
107%
13
106%
108 7/8
135
92%
104'A 106
108%
108'A 108%
6
106%
109
.1951
J-D
106
13
105
108
-I960
M-S
106%
105% 106 'A
106
106'%
17
105%
108%
1013/4
103 %
1st 4s—
Central 1st 4s
"
.1951
J-J
*102'/« 103
M-N
.2361
.2301
79%
J-J
.1949
.1970
194J
74
106%
46
1043/4
106 y2
103%
105%
117 %
117%
36
"117'A
80%
llO'A
76%
104%
"104
J-J
a
in
In the
ftri;ed which
dv5.Uue^ sales
week
in
they
81%
80
No account
furnish
we
Aug. 25, and ending the present Friday
include
every
security/whether stock
or
a
is
27%
29'/a
74
27
M-N
28
19
2
105% 105%
A-O
>'? 19
J-J
v
«
T O C K 8
York
Curb
Friday
Exchange
§ Negotiability
impaired by maturity.
tThe price represented is the
Accrued interest payable at the exchange rate of
"Friday's bid and
109 %
ABonds
AND
asked prices;
selling flat.
.
Week's
Last
Range
of Prices
Par
ACF-Brill
Acme
Aero
Wirt
Class
Air
v,u
warrants
no
.
:
Investors
Convertible
common
It is compiled
.see
4%
15 %
11%
11%
3%
3%
2
page
3%
t^III
1013.
—
10
WEEK
dollar quotation per 200$4.8484.
v' :>>'>/ :>>..;.>
> />'>''
>
Jan
Jan
Jan
3% Aug
9%
11
7% May
Apr
22%-May
beginning on Saturday,
Exchange itself, and is intended to
Friday
York
Curb
Week's
Exchange
Range
for Week
of Prices
Shares
Low
Aireon
Mfg
11%
Corp
5%
Electric Appliance....
Alabama Great
|outhern—.
Air-Way
5%
Jun
13"%
Jan
4%
Jun
Alles
•37%
Apr
Allied
Alabama Power Co
$6
$7 preferred
•
preferred
*
& Fisher common
1
Int'l
Investing $3 conv pfd—-*
Range Since January
Low
Hiah
5%
Jun
9%
11%
51,300
•5%
5%
1,000
3%
Jan
210
99%
Jan
117% 118
Feb
15%
Aug
2 y. Mar
8ales
Last
Sale Price
Jan
36 % May
>>>'/•:
•
High
32
the regular weekly range are shown
> >>; >■>>
;>•*;;
' ;; > >
31
Range Since January 1
2%
> >
New York Curb Exchange for the week
STOCKS—
Low
300
>
occurred during the current year.
ENDING AUGUST
New
19
15
FOR
not
sale
current week.
-
entirely from the daily reports of the Curb
Sales
27%
1
II
common
footnotes
7
5
(NJ)—!
preferred
6%
1
1
Mfg
Associates Inc
For
7
A__IH
computing the range for the year.
for Week
Shares
108%
110 y«
reorganized under Section 77 of
sales being transacted during
>
only transactions of the week, and when selling outside
complete record of the transactions on the
Hioh
III10
common
B
Ainsworth
Air
Motors
Supply Mfg class
Low
105s/B
109
RECORD
YEARLY
bond, in which any dealings have
Sale Price
35i/a
>20
•
.
^Companies reported as being in bankruptcy, receivership, or
the Bankruptcy Act, or securities assumed by such companies.
122
RANGE
New
38 y4
■
Deferred
125
taken of such sales in
(Aug. 31, 1945).
95
9 2 3/4
793/4
pound unit of bonds.
105%
are disregarded in the week's range unless they are the
occur.
following extensive list
87
109%
__
106 yB 106 y2
A-O
J-J
56 -> /
90
77%
>1
*109%
MS
1958
1960
67
79%
:" 78
M-S
v
84%
~'iS, 82%
83%
y;
deposit
106
WEEKLY
in<lTfSS^?pSi1?, th?
iootnote
the
114
106
NEW YORK CURB EXCHANGE
m
110%
107%
3
v
107'A 107%
J-J
■
*•■
delivery sale not included In the year's range,
d Ex-interest,
e Odd-lot sale
included in the year's range,
n Under-the-rule sale not included in the year's range,
r Cash
not included in the year's range,
y Ex-coupon.
•
117
111
-J
■
M-N
116%
"108%
107 5/e
May
114%
"124%
117%
106%
22':'''
■
;
.1950
1st mortgage 3s~
of
*
inc ser A— .2014
Co—-
1st 4s guaranteed
& Co
116%
—
102
105% 106%
105%
A-O
.1977
73 y2
105'/a
101%
107'A 107 >A
J-J
series I— .1966
103%
60
118
*._
1023/4
103%
*106'A 106%
Union Telegraph
a
132%
123
115% 117
j990
gold 4s
•
J-D
:
101%
102
—
*101%
F-A
95
84 %
100
i
69%
*
1
99%
4
..
'
1950
6%s
Mem
>100% 102
••:/'*—•
Power 3'/2s
ref
/
28
25
>*101% 102%
1968
Wisconsin Public 8ervice 3V*s—.1971
107
,
100
*103'A
100
90
1
•
89'A
88%
r
105%
1994
6s
Devel
gen
106 ;
104
105
96
96
100
v.
A-O
Wisconsin Elec Power 3%s
J-J
Devel
St
M-N
A-O
•'
89%
\
F-A,
I ASu & Du div & term. 1st 4s—1930
ACertificates of deposit
i
Terra
101% 109
104%
'
F-A-
IA Wisconsin
:
96%
Fran
123
46
104% 104%
M-S-
Winston-Salem S B
105%
MS
M-N
San
104%
118
24
102:
102
104 y2
>
'
1013/«
103%
j:
Q-M
ACertificates
MS
Apr
;. -1955
Maryland
&
Wilson
110 '/i
1969
Gold 4 %s.
100%
/
>
.1948
3!/4S_
Pacific 4y2s
■
1968
100% 101%
11
1
Apr
-1955
Wheeling Steel 3'A series C
Gold
..1977
*103% 105
M-N
115 Va
>112%
101% 101%
,
4s„
i
Wheeling & Lake Erie RR 4s.
i
A
ratge
Registered
103%
103
-
104
109% 109'A
•
..
1st ref gta gold 3%s. .2000
West Shore
80
107%
>
Funding « real estate 4j/2p
25-year gold 5s
30-year 5s
i
Westinghouse El & Mfg 2V0S——
>
103
126
A 103 A
1st
Western
105%
•40
*>
Western
'
:.
105% 105%
Co
Penn
Western
1
66
mtge
Gen mtge
?
1013/4
*129
107%
98%
>115%
A-O
.1995
.1981
4s inc series A.
inc 4y*s series B_— .1991
-1971
3%s ser B___'
mtge
mtge
West
i
101%
A-O
109'A
104%
*'
Washington Terminal 2%s, ser A_ .1970
.1950
Westcnester Ltg 5s stpd gtd
<
')
]': 104%
4
*114%
"
M-S
.1958
Washington Central Ry 1st 4s—..
•
Gold 4%s
4%s
Gen
Warren RR
<
101%
75
.
gtd
5s—.
cons
Warren- Petroleum
{
49
23
—
;
(Oregon Lines) A
;
...
101
100%
65%
.;
1962
1st 4%s
.1st
74
J-J
Co—
54%
26
___
107
106%
-
\
J-J ;
Waiworth
54
65
m-s
104
47
r"103 'i"r 103%
M-S:
Gen
,
53%
63
1964
1963
Pacific
39%
39%
'■'•
2
65
Socony-Vacuum Oil 3s debs
South Si Nor Ala RR gtd 5s
Southern
119%
743/4
f-a
debentures
120
86%
39 ¥4
2
46%
109 '/a
53%
1950
3s
/
89 Va
24
Skelly Oil 3s debentures
3%s
;V';.
53%
F-A >'■
Tel
*7
114%
65%
1941
&
:
:>/-v 1
106%
.*,103% 107
13
>105% 103
105
105
'
—
107%'108
:
.
,1959
sehes AL.
]
.Wabash RR Co—
i
•'
133
,;.
63%
t§ ASileslan-Am Corp coll tr 7s
Tel
:>
*104%
•
.
104% 104%
5s_—... .2003
'1st
65%
J-J
Bell
*
31
•
)
•
M-S
1961
South
47
*47%
46%
:
'
2%s sinking fund debentures
debs
62-
105%
86
>
101J/2 101 %
47
A-O
4.—
'100% 108
"
101 %
J-J
2%s
;.v
87%
*100% 105
"
4—
•
i_1954
Kneil
Oil
-
& Sons 3%s_1965
(Joseph E)
Union
A
130%
A
*100% 107
105%
103
;
f
95 Va
104%
*131%
'
105
—1971
...
Virginian Ry 3s ser B.
114%
40%
M-N
r7
100 Va
——•
1948
A
ACtfs of dep (Chemical Bank)—.
ISAAtl & Birm 1st gtd 4s
1933
of
72
72
114%
105% 105%
103 y2
105%
..1947
—^1970
f
{
87% ■:.97%
*90%
F-A
A-O
113%
20% : 32
__
103*'
103%
.
116%
108
>112
A-O
106%
110
10
111% 111%
'■''••,•
RR—
grant 4s
Va & Southwest 1st
50 %
82
J-D
103
105%
;
10
103
Virginia .Electric & Power Co—
1st & ref mtge 2%s ser'E_:— .1975
Va Iron Coal & Coke 1st gold 5s. il949
j
\
51%
80
78 %
4--*
(Guaranty Trust)
ACertificates
90
78%
—
dep (N Y Trust)
dep (Chemical Bank)
of
ACtfs
90
/
101%
106 %
106
F-A
Calif 3s debs_..._.__1967
Oil of
Cons
•36%
115
80%
J-J
V«;I
8 A Refunding 4s
ACtfs of
:
105
M-S
5s_.1949
3%' debs__..1960
Vandalla RR cons g 4s
-36%
43%'
>
JjAlst
A 1st
115
M-N
—1989
inc bond ctfs_^.„—Nov. 1989
bond
4s
60 y2
102%
"101% 102'%
J-D,
Universal Pictures 3%s debs
'■{
70
-
JSt Louis-Southwestern Ry—
1st
.
103
103
107'%
i
71%
51
58
of
ACertificates
»..*
58%
.1950
5s series B
lien
A Prior
V
49%
J-D
•
-
94J/a
85%
52
Ref :mtge 3%s series A.;
1980
United Biscuit 3%s debs—.—1—»1955
]
68 >>;
48'A
54 %
deposit
89%
49%
J
99 >>
,
»>
-1950
103%
88%
I
103 */a
*
3>?
_
95%
stpd——.—1958
St L Rocky Mt & P 5s
:>
J
.
10414
99%
% 100%
.ACertificates of deoosit—
>
.
100
150
102%
1945
!
\
95
/
....
—1933
SAlet 4s, stamped
130
103% 103%
1971
-1st
106%
103%
103%
J-J
I6t Louis Iron Mountain Si Southern-— *
River & GUlf Division >
',v;
139% 140
A-O
Union Electric Co of Mo 3%a—:
>96%
104%
106% 106%
A-O
139%
J-J
1st gold 4S..1946
& Buff
Ham
Union
gold 5s———1996
108'/8
J-D(
1960
Jan 1960
1st ref 4s__
Ad] income 5s
Union
St Lawr & Adir. 1st
105%
J-D
..2000
15AUnlon Elev Ry (Chic)
Saguenay Pwr Ltd 1st M 4148—1968
St Jos & Grand Island 1st 4s—1947
106'/a 106%
27
24%
24 -
J-J
106%
75%
24
V
"20%
J-J
107
107'/a
;
M-N
1968
Tri-Continental Corp
108%
108% 109%
108%
M-S
129
F-A
RR of New Orl 3%s_.1974
Tenn
Trenton
"110
mtge 3%s series I
Gen
108
109
109%
.1950
& Pacific 1st gold 5s
Toronto
Gen
'
126
128
>125
J-J
..1959
3s deb—
Company
Pac
79%
62
67
Gen
__
Pacific-Missouri—
k
Corp—
& Elec
Gas
•>
J-J
Tol & Ohio Cent ref & impt 3%s_.1960
•
i.i
107%
105
M-N
debentures
3s
108
103
65
101A 1051% >
—1965
Texas
104%
103%
103
103
0101/ff 1021/2
.
M-N
f gold 4s.
Texas
—
I
St LoUis—
of
ASsn
118
118
'
30
115% May
106
"7%
-
106% >i
107 %
103
107% 107%
107%
due_1975
for 1945)
Brass 3% s——J1980
15 ARio Grande West 1st gold 4s„_ 1939
A 1st cons & coll trust 4s A——1949
Revere Copper &
■
105%
103
105 %
Tfcxarkana Si Ft Smith 5%s A
Texas
106
66%
103%
104'A
*106%
—
J-D
1953
impt mtge 3%s'series B..1974
imp M 4s ser C_„
—2019
&
Ref
106
57
1041/4
104
Si Transmission—
Gas
refund
Gen
"107%
107% >
8104% 106
:
mtge pipe line 3s
Terminal RR
102% 102%
Remington Rand deb 3%8
,—1956
Rensselaer Si Saratoga RR Co—,
'J;
109%*
104%
*104
1041/4
,
;•
106%
245
1st
Reading Co Jersey Cent coll 4s_—._1951
J-J
1959
1958
19
/
High
1961
Sunray Oil Corp 3% debs
Superior Oil 3%s debs
Swift & Co 2%s debs
Tennessee
Quaker Oats 2%s deb.
!
v
__
>.
Low
104% 104%
°60'/8 64 V2
—
F-A
January 1
No.
106% 107
—
.
Range Since
Sold
Uiah
157
224%
debenture
2%s
110%
155
5s—
mtge
Apr
—1961
—1953
J-J
Btand
103%
1091/4
—
:109% 109%
ASpokane Internet 1st gold 4%s__2013
Oil of Calil 2%s debs———i960
43 %
series C
3s
Bonds
Bid & Asked
S
107
J-D
rel
&
1st
103%
__
1964
1968
Southwestern Bell Tel 3%s B
113
101
36
Last
Sale Price
Low
108%
113
.
Interest
Period
101%
104%
__
Week's Range
or Friday's
Friday
'
New York Stock Exchange
High
94%
..
'101
"100
„
I A Providence Securities 4s—
Low
"113
—
Pressed Steel Car deb 5s-
31
AUGUST
ENDING
Range Since
January 1
Bonds
Sold
'100
__
"1051/4 106%
J-J
-iPittston Co 5% inc deb___.
WEEK
*".':JJ ON D 8
Week's Range
or Friday's
Bid & Asked
Low
FOR
"7%
100
6%
37
1
High
11% Aug
6% May
132
July
118%
Jun
July
Jan
110
Apr
10
Feb
Aug
48
Feb
EXCHANGE
NEW YORK CURB
RANGE
Friday
STUUKS—
i;
Class
A
common
Aluminum Co common
Goods
Aluminum
1,650.
30
Jan
9
5,000
36%
Jan
49
Jun
115
350
112%
Jan
117
Feb
22
200
19%
Jan
22
Aug
18
20
26'%
Jan
114
r
22
"YY 250
15%
Jan
106% 108%
400
86%
Jan
~2%
700
—1
100
1
Book
Co—
Cities
American
*2%
•
A
A
Cables
2%
Callifce
20
44
47%
-
44%
6%
Canada
Bread
Cement Co
52
Jan
Jan
American
21
2r%
600
35%
36%
5,900
,
American
Light
& Txac
common
&, Chemical
Potash
American
V
Jan
17%
Jan
24%
46
47
25"%
Apr
51
Jan
70
Co
i
Republics
American
Seal-Kap
American
—10
6%
7%
V/b
1%'
135
Co
(J
-(A M)
Castle
Mar
W)
~8%
,
class
Common
-
non-voting
A
Co.
&
Catalin
Corp
Hudson
Central
Central Maine Power 7%
%
<
,
120%
Jan
4 ye
Central
Power &
Central & South
Oil :& Refining
Ashland
112
Jun
5
Mar
10s/2
Jan
Jan
Jan
100
,70
112
8%
4%
9%
V
;-4%
1,100
'
5
3
;
Apr
;
19
:
,
'
—if
10%
~7%
Atlas
„;
Plywood
1
Voting
-
6%
4
Feb
28
May
Cnaris
Jun
6%
63
Jun
80
18
Aug
20% Mar
50
18
Aug
30y2 Mar
Rubber
Baldwin
.''
•
32,300
"7%
Corp
'
23%
...5
$1.20
•
'*.*
700
%
i
r:'; io%
3
17
%
Feb
7%
85%
Jun
Clinchfield
2%
Jan
4%
Jun
Club' Aluminum
10%
Feb
12%
17%. Jan
24%
Jun
Cockshutt
12
18%
Jan
Colon
,
58*% Jan
3,300
100
13
'v
£%
5%
2,300
14 y4
10%
800
25%
\
;
15
Jan
V
Bell
''■19%;
Y
16%.Mar
;500
■
Ties
Aircraft
&
Benson
common—*
preferred
Berkey & Gay Furniture
37%
40%
9,900
29% Jan
14
78,000
9% Aug
40%
ih 200
12%
5,100
Bohack
7%
common
Co common
preferred
1st
$5
100
25
Scrymser Co
Bourjois Inc
Bowman-Biltmore
7%
100
•
...—
Traction Lgt & Pwr
Brazilian
Breeze
•
common
preferred
2d
Corp
Mfg
Co
2,600
14%
100
33
300
4
4%
1,300
"3
;
36
"2%
Aug
120
21,800
//■:
•
Oil Co
American
British
Am
Jan
dep
,
,
Amer
British
3
Feb
5% Aug
Jun
15%
Apr
5%
Jan
7%
Feb
11%
Jan
20
Mar
9
Jan
14% Aug
Jan
33
18%
3% Aug
Jan
30
Mar
Mar
125
Aug
class A
Power
18%
5%
Jan
V/b
Jan
•
6%
47%
6%
6%
46
3
Copper
Aug
>
15% May
Jan
14%
Jun
30 %
5,300
15 y4
Jan
36%
"1%
4%
11,000
3 Va
Jan
55
:
150
.
51
Jan
17
Mar
5% Mar
57%
A
Forman
Brown
$5
preferred
Rubber
Distillers
Bruce
(EL)
Bruck
Silk
Co
$6
Cosden
5 %
Feb
2,800
3,300
1,650
24%
Jun
Jan
22
Jun
Creole
132
135
Jun
Croft
38
38
:
$1.60
1
Burry
Butler
„
„
60
~1% ~i%
35
35
2%
22
X17%
38
14%
Jan
135%
&
Biscuit
CP
For
H)
%
Jan
2
Apr
48
Y
.
2V2 Aug
4%
20
Jan
24%
1,800
15
Jan
19
Feb
Feb
6
?]
i J
1,000
6
6%
1,000
3%
5% Aug
Mar
Jun
19%
Feb
19 y«
Jan
5% Mar
7%
8%
800
31
33
1013.
-
3%
Aug
■
v;
? .
8
6 Va
Jan
•
Feb
^ 5
1
•
1
\b
Aug
7%
Jun
41%
Apr
96
34% Mar
-
•
21
May
-5%
-
Aug
10%
20
Jan
May
35
May
23%
Jun
6%
1~6% ~7 ' Y:
.
Cuban
Curtis
Curtis
Jun
21'/a
22
98
98
6%
6%
Apr
2,550
Jan
65
Jan
Jan
2,700
7%
Jun
Jan
23%
Jun
Aug
4,200
350
102 y2
Jan
20%
2,350
6% Aug
9%
Jan
600
iV Jan
if
Jun
1,500
14% Mar
7%
%
%
ti
21
20 Va
21%
2%
3
Jan
4
Jan
109
96%
1,000
33%
35
100
Jan
10% May
25%
5,700
24
Aug
1%
4,900
1
Jan
31% May
1% Feb
9%
1,800
8
July
"5
~8%
8%
17%.
17%
9 V4
400
9
50
17%
3%
'4
*3%
4
f3% "4
1,700
2,000
55
25%
26%
13
12%
60
56
26%
13
2,600
900
Jun
Aug
Class
37
convertible
A
10
37
66 prior
9%
30
35%
Feb
800
7%
Apr
1,000
5y4
10
7%
7%
88%
7%
Mfg class A common..
88 %
Iron Foundry—;—
2%
2%
2,600
Stove Co
7%
7%
4,800
33%
34%
500
dpbeniftire.
Derby Oil & Ref
Detroit
116% 116%
12%
13
2
2%
5
4%
5
117
7%
Co
800
Apr
Apr
8% Aug
16
Jan
20% Aug
common
30%
30%
29%
common
30
10
Jan
Jan
Jan
25%
Apr
10%
*
1 Va
5%
27
Feb
11% July
9%
92
Feb
Feb
142 % May
11%
Jan
18%
Apr
Jan
2% July
21%
7% Aug
34 34 Mai
30%
Aug
12
Jun
30
Jun
preferred
100
111%
Jan
2,700
10%
Jan
14V2 May
33,300
1JA
Jan
2% May
Diana Stores Corp
3
Jan
5% May
Divco
4%
Jan
6% Mar
Dobeckmun
6,500
~8%
Mfg
Products
Steel
De Vilbiss
~8%
Corp
&
Jan
82
138
preferred
10
•:
Gray
29 y4 Aug
Feb
36 y2
Mich
Jan
13%
40% Mar
preferred
20 Vb
Jun
10 Vb July
37
Detroit
11,300
Jan
8
Jan
Detroit
29%
18
Jan
10 Va
28
Jun
Aug
12
22 y2
41% Aug
29%
Jun
31
31
Gasket
13% July
61
2,050
8%
Jan
Apr
22% Mar
32
36%
Detroit
10
Feb
4% Mar
34%
Apr
1,700
Jan
Feb
July
D
Aug
Jun
13%
2 Va
4'%
28
1,450
98
13
Jan
Apr
Jan
11% July
19%
13%
267/a
13%
3 ye
11 y2
10%
13 y4
Feb
Jan
Jan
4% Mar
!Iio
Dejay Stores common.
9y2
7% Mar
15
25 y4
,
..28
Feb
•
Feb
1%
Davenport Hosiery Mills
uaytoa KubDer Mfg
Dennison
Feb
Feb
July
24%
5
*
Lighting Inc common
2.50
Mfg Co (Mo)
——I
Jun
Mar
40
Feb
1%
common—
Jun
33
3%
24%
.£1
91
200
2% Aug
32
Jun
Apr
21% May
2
84
20
41%
15
30
3
2%
-
2,100
50
41
Apr
150
7%
1,200
41%
113
20 %
7%
33
fl
Jan
Jan
22%
..50
Jun
25%
4%
20
Sugar
Tobacco
8%
5%
16 y4 Aug
May
3% Mar
4,300
7
;
Jun
14%
2%
105 y4
21%
Jun
7%
8%
103
1
•
43 Va
13%
22%
.250
Atlantic
3%
Jan
,,
19%
19
19%
9
convertible
Jun
3%
Aug
110% Aug
5%
Jan
3,300
80
118%
1,200
14
2%
95%
Cent
Jan
Aug
Jan
_1
Apr
Aug
12 Vb May
Jan
-5
5%
.
Feb
43% Mar
4,800
62%
13%
2%
3
preferred
Refining common
preferred
i
Cuban
Jun
2Vz
Feb
2%
61%
14
»
Drug Co common
$6
155/4
Jan
114% July
1,200
Apr
6%
25
10
Jun
2Ve Mar
Jun
7%
600
Jun
36 Ve
Jan
67y4
9,200
79 Va
621/4
22% May
22
11%
11%
d32
1/64 Jan
27 y4 Jan
IOO
..50
Crystal Oil
Jun
Jan
71
14%
24
5%
12%c
Jun
13% July:
Jan
ii
500
5
—25c
6 3/2
Jan
700
10%
*
receipts (ord reg)
dep
2Va
2
common..
4.7% Aug
106 % May
XOo
X
Mines
20 Vb
21%
'
\i
.
'*
v-'
250
——*
Petroleum
Brewing Co
Jun
5'/4
20% Aug
2.50
Corp.—
;!
Jun
1%
115% 115%
11%
100
Petrol (Md)
Cork International A
ncb
Jan
2,400
5Ve
17
•
page
Jun
43
5,100'
76
Varnish Co
Crown
Feb
5%
dep rets..
see
22'%
Jan
1
.100
Crown
May
34%
28
Sullivan
footnotes
Jan
Jan
28 y2
41
...1
Co
Petroleum common
convertible preferred
Crown
Apr
Power—
preferred
Hill
Corp Am
8V2
35 y4
*
Crowley Milner & Co
July
900
900
2%
22%
Jan
Jan
300
,Y-
36
18
32
12 Vb
"l%
110
_•
_.
preferred....
1st
$5
Bunker
Burma
Apr
33%
14%
&
American
100
1
Ltd
Buckeye Pipe Line—
Buffalo Niagara & East
3 Ve
270
Courtaulds Ltd—
Jan
—•
common
Cp common
Mills
Jan
oa
1%„
.
Reynolds
preferred A
9%
•
prior preferred
Brown
.1%
■
1.300
6%
Class
j;
Feb
iV
1
*
1946
Range Co
Cor.' -xin
15%
8%
Jun
Jun
33%
Coro Inc d
500
/;
to
Cornucopia Gold
Jun
•
i
11%
i.
preferred
prior
Cook Paint &
14% July
10 Vb Aug
•
Wire common
V
Jun
9%
-1,700
94%
-25
—1
Biscuit
Feb
1,300
—
93
Continental Gas & Electric Co—
20
•'
38
iV
Textile Co
Continental Fdy & Machine Co
24
5'/8
6%
37
100
Consol
19
2%
135
25 %
600
*
9,000
21
6
37%
preferred
.100
4% preferred series C
—
...1
Consolidated Gas Utilities
8
Consolidated Mining & Smelt Ltd.
.—1
Consolidated Retail Stores
-10
Consolidated Royalty Oil
Consolidated Steel Corp
22 Va
•;"
17%
20%
.-6%
93%
series B
±Wo
20
■
:37/o
3%
25
preferred
24
'•V-
;
1
Jun ,; i
13%
Jan
.11%
Southern wariants—
extended
c
Jan
46 y2
10 y«
54%
'
iis
Jun
Jan
-•-300
41%
41%
47%
•
Consol G E L P Bait common
153% July
25
1,100
XOs
B
Brown Fence &
$3
«
12
£1
£1
reg—
dep rets ord reg
Columbia
Class
Feb
Ltd—
Celanese
British
'ioo
Tobacco—
ord
rets
t
12% Aug
12%
13'/4
•
dep rects ord bearer
Am
18%
Electric—
Apr
4 VB
__
!|.
Jun
.Jan
^
13,700
3
40'/2
1
43
29%
4%
24 J/4
142
vl9%
200
22%
2%
3
•
_
—
Conn Gas & Coke Secur common
Apr
31
British American
'v:
3%
Arms—
Jun
11%
30
■'8%
■
'
9
22%
-•
;
Fire
15%
13%
11%
—•
common
Airlines
40 y2 Aug
10 Va
36% Mar
"2%
■'hm,
X
;
*
Bridgeport Oil Co
Brillo
.700
%
'pommon—
Co
5% preference
Commonwealth &
7%
X
common
Aeronautical
Brewster
300
6%
35%
•
«.
preferred—
1st
40
145
•
Borne
18%
14%
1
optional convertible preferred
Blumenthal (S) & Co
C)
|
32%
•
$3
(H
8,700
1
common
Ridge Corp
—.
Public Service
Water Service
Compo Shoe Machinery—
106
1
•
•
Blue
"5
6%
"4%
»t
122% May
>
;Jan
-110% Mar
130..
.....
10% XU%
22%
-1
Corp
Columbia Gas &
19% Aug
8% Mar
Co com—•
common
W)
(E
Bliss
11%
—V
Utensil Co
Plow
Patent
Colt's
V
18%
6%
1
Bickfords Inc common—j
Blauner's
Jan
Feb
1%- Feb
•
Community
~4%
•
•
Birdsboro Steel Fdy & Mach
125% 127
118 % 119%
.
Community
100
Hedges common
Convertible
Coal
Consolidated
"5
Jan
117
..10
^
Colorado Fuel & Iron warrants
Jun
••
12%
12%
1
•
100
1
10
1
of Canada
Tel
.
Development ordinary
Colonial
May
-
26%
10%
preferred.
Be'lanca
126%
34%
,
Jan
16%
-
750
Aug
'
40%
.
it Jan
85
4,180
20%
\\
Jun
43
Aug
••
300
93.■100
19%
11%
U
Apr
Feb
25
3,100
'
Jun
21
:
7% May
Jan
Jan
23
50
Apr
11%
40
1
Mills Inc common
Beaunit
1'"
.
v
_
common
Brummel
Beau
'
13
127%
Jun
100
24 %~
17
,
8
1st
11%-
:,,r 7/8
34%
Jun
'
Clayton & Lambert Mfg—
Cleveland Electric Illuminating—
'4^00
;
12 %"
6%
30
Co common
Jan
15
-
Jan
11
—
$6'-preferred BB
13,600
*
70
shares—
(L)
—•
43
11%
'Hi
preferred.
Auto Stamping—
& Suburban Homes
Clark: Controller Co
Claude Neon Lights Inc
Aug
Feb
,10% Jan
W16% Jan
600
41
43
20
City
City
Feb
104
July
7% Aug
8%
112
100
>
Jun
;-y; 11%
Jan
101
250
1,500
-.4%
11%
13 %
19%
1
Baumann
300
•f.
..i
^ 60c preferred B
1% Mar
Jan
"
•
25%
rl4%
Refractories Inc
Basic
100
12
5»/4
3% Aug
5,400
,.25
..10
$6
Jan
10% Aug
Vv:7%,Ap^:
8% Aug
22%
6%
convertible A common
Barlow
4%
11%
11%
.10
common
'
4
14 y«
Steel Corp
& Seelig Mfg—
Barium
3%.
—5
.100
113y8 May
Feb
/16% July
Vfc'
10%;
13
common
los Andes—
American
1
.
11%
4Va
1
common
JChilds Co preferred
Feb
11
Baldwin Locomotive-
Banco de
Mar
100
20
Chicago Rivet & Mach
Chief Consolidated Mining:
2,4O6
"
8
25
——1
preferred.
80
68
•
1
7%
Mar
20
■
——•
Babcock & Wilcox Co
Jun
32
18
Cherry-Burrell common
Chesebrough Mfg.
B
warrants for
17% Aug
20
Jun
Jun
>
69%
\
1
Machine
Apr
5 Ye
H APr
275
67%
6y2
Jan
"*7%
24%
1
—
*122 V2
Feb
5,400
-V
May
14% May
Jan ;
118
>
"
Ayrshire Collieries Corp—,
Purchase
12%
.100
,£ 3% Jan
-3%
; 9%
4%
(B Fl & Sons common
preferred.—...——
Avery
Jun
300
14
Apr
.100
Chicago Flexible Shaft Co common.
10%
~1%
•
12%
8
Corp
Automatic
Apr
107%
,
.100
;
Jan
•
Products
10
120
104%
"4
Chamberlin Co of America
114% Mar
•
—
Forge* common—.
Automatic
7% Jan
140
20 Vt,
preferred—
Feo
800
19
9%
3,200
10%
-v
Coast RR Co pfd—100
Fisheries.^
-X
Atlantic Coast -Line Co—————50
Atlas Corp warrants.
Feb
Aug
30%
7% July
9%
"3%
Jan
11,300
19
9V4
10%
,
Coast
Atlas Drop
Mar
19%
31
9
19
Jan
Birm ti
Atlantic
•
Jan
Jan
105% 106%
"4
opt div ser 29
Conv pfd
105%
pfd— .100
7%
7%
.
'
,5
17%
~1%
Atlanta
10
Jan
14%
24
3,700
.100
Light
111Vb
American
Associated Tel & Tel' class A..
llb% Juiy
8%
West Utilities—- .50c
Cessna Aircraft Co
20'% May
Jan
110%
—1'
Co_
Jun
8
14
Conv -pfd opt div ser
in
>6% July
.
Jan
10%
4%
10%
10%
dep rects reg.—
—£1
Associated Laundries of America——•
,
50
14
preferred
7% '
5%
pld. -100
1
'
2,600
4%
8%
2.50
Associated Electric Industries—
Apr
50% Aug
600
.100
Steel Products
§Cent States Elec 6%
Aug
34%
Jan
3%
Jun
135
18 v Jan
V;,
Ohio
Jun
7%
-1%
Jan
20%
10
—
May
19
Feb
118% May
pfd
Power
York
New
Central
16 % Mar
11% Aug
4% Jan
Arkansas Power & Light $7 preferred.*
Equipment. Corp.
17
9%
Gas ,& Elec corn-
Cities Service common
Aro
33
Jan
42%
100
50%
31
8%
1
of America
Jun
5%
3%
3%
—
preferred—_——...
6% ■
21% July
Jan
Mar
"
common..——*
Arkansas Natural Gas
16%
28
75
Jun
'
'
100
16%
Jun
800
6%
20%
30
31
..10
4%
1,200
:
8%
6
Jun
.
53%
18y«
8
6%
Jun
4%
com
40 Vb
1,000
:
8%
Jan
8%
Products
Jan
1,900
5
Jim
Apr
1%
117
Jan
1%
150
30%
4%
*
9%
5,000
50
—»
Jan
23,000
135
29%
30%
Jan
pfd
31?
2,600
7
10a
V 1st $6 preferred
,
*
$6 series preferred——
—•
American Thread 5% preferred
3
American Writing Paper common
•
Anchor Post Fence.———.—S
Anglo-Iranian Oil Co Ltd—
Am dep rets ord reg
;—
£1
Angostura-Wupperman —
—I
Apex-Elec Mfg Co common—
:—•
Appalachian,Elec Pwr 4y2% pfd—..100
Argus Inc —;——:
.—.
—1
com
~3% ~3%
20%
"41%
4,600
1%
2
common—
Corp
Superpower
Jun
6
100
8
—
common
& L $5
P
Central
Amer
27%
5%
8
30
A
150
13%
12%
12%
% May
12
Casco
Jun
29%
9,100
:
Apr
25
3%
200
.3%
37%
108 y2
*
*
class
Carter
Jun
400
3
9% July
Jan
Apr
—25
voting
Co
&
Carolina
36% May
V
225
27%
,65
37
3%
•
♦
Meter Co_
American
32%
July
8%
Class B
Carnation
Jan
~
,63
64%
Mfg Co common———..100
Maracaibo Co
1
American
American
750
4,800
T
24%
Mar
18
5
108 Va
100
Foundry Ltd—
Jan
22% May
* July
common
Aug
8%
6% Mar
1,800
\
,
5
Products
City
Carman
July
52% Aug
41% Jan
23%
27'A
———25
preferred
V
300
22%
23%
,
35%
x35
35%
—20
25
Mach
Laundry
American
51
22'A
Capital
ll'A Aug
54
July
7%
7%
7%
Canadian Marconi
Feb
113%
Jan
44
V; V 50
51
21%
51
SVa
100
10J/4
*
*
voting
Class B non
10% May
Jun
38
Jan
Aug
A
Class
4% May
Jan
Jan
Jan
preferred
preference
Canadian Industrial Alcohol—
21% May
Jan
31
500
44%
44%
Hard Rubber Co———25
American
11%
'i. 11
44 Va
17%
xlll
25
xlll
Ltd
Jan
7%
400
20
Ltd
Co,
May
3j/2 May
6%
3%
1
Participating
¥$ Aug
32
1% Jan
-J)
Insurance..
Canadian Car &
44% Mar
Jan
2,300
xlll
11%
common—lOo
$2 convertible preferred
1
$2.50 convertible preferred
1
Corp
General
36% July
9,600
IS
X20%
,
35%
111
100
preferred-
American
6 %
42%
12
&
American
4% %
40%
x41%
Cyanamid Co common
10
Foreign Power warrantsFork' & Hoe common;
-•
Gas & Electric
10
American
Fire
6>/2%
7Ve Mar
Jan
4
1,200
Camden
Jun
48 Vz
Aug
2
10 Va
10
..10
Power.
Corp.
Jun
#
American
Electric
Tungsten
54 J/a
42% July
400
45
6
44
.500
A
Jan
100
600
...1
Estate
25 J/a
.46
Mar
11% Jan
700
:
.
..£1
pfd
dep rets 5%
Sugar
California
Jan
2%
Wireless—
&
American
Calamba
Canada
52
19%
28
28
—
High
3
3
2%
Voting
110% July
1% Mar
20
52
20
& jAght—
Power
class
Convertible
Class
Mfg
Central
! American
Low
3
3
Electric Products common— .50c
.500
trust certificates
Cable
Jun
117
Jan
108
100
6%, preferred
American Beverage common
American
106'A
-*
common
Range Since January 1
v
Jan
46 %
22
114
High
Aug
39%
44%
-
Ltd
39 J%
Jan
Low
Aug
.38%
v/
Industries common
Aluminium
40
Jan
8%
*
Mfg
AlumirrUm
29
450
Par
High
Low
39V2 I'
39
45%
100
preferred
6 %
Shares
of Prices
Hijh
39%
38%
28
*
—*
common
conv
Altorfer Bros Co
,
Range
of Prices
«■
Low
Par
10
>
(MichU——
Products
Allied
V-:;.
Last
Sale Price
Exchange
York Curb
New
Range Since January 1
Sales
for Week
Shares
Week's
Friday
B'l'OtttS
for Week
Range
Sale Price
Y
31
AUGUST
Sales
Week's
-
Last
Curb Exchange
York
New
WEEK ENDING
FOR
1009
CHRONICLE
THE COMMERCIAL & FINANCIAL
'Number 4417
162
Volume
Aug
•
Diamond
Shoe
common
Corporation
Co
common
.j
J
A
___.
22
32%
x22%
21%
31%
22%
22%
32%
18
Jan
1,200
13%
Jan
400
11%,
Jan
500
20
Jan
650
25 Ve July
23%
36
Jun
July
J,
THE COMMERCIAL & FINANCIAL CHRONICLE
1010
EXCHANGE
NEW YORK CURB
8TOCK&
Rang*
Share*
Domestic Industries class
Steel & Coal B-——-—
& C.hem Co Ltd—
Dominion
20
80%
15C
28%
Apr
Hosiery class B
Co
10
Jun
Aug
15
Aug
May
Apr
70
Aug
preferred w w _..
Henry Holt & Co common.
Heyden Chemical common—..
Hoe (R) & Co class A.
82%
Feb
Hollinger
66
Jun
Holophane
Apr
Jan
0ft9%
100
Jan
95
Apr
9% Aug
common
qommon
~4%
3%
4%
5,100
12%
.——
12 '%
12%
500
91/8 Aug
8% May
9%
£1
12% May
43% Aug
33/8
Jan
11% July
-
143%
5% %
Co
Horn
•
100
Fuel Assoc common
preferred
States Corp————
preferred series A
$6 preferred series B
Eastern Sugar Associates—
$5 preferred
Washing Machine
Economy Grocery Stores
Jan
1%
Jan
';v.v/V
"1%
^
2ft
3,200
57
58 3%
225
57%
55'%
58
400
41
42ft
42
2'%
-
—
59'%
May
Jun
Jun
Jun
48%
Jan
12'%
20 3%
700
19%. Jan
57%
600
33
11
10%
11%
3,500
18%
18
18%
300
Jan
97%
105%
333/4
*
July
3ft Aug
Jan
A
Jun
14%
100
Hi/4
Jan
153%
391/2
275
351/4
Jan
401%. Feb
200
2 »/8
5,200
333%
Jan
15
4,600
lift
46%
123/4
47
111/4
123/4
2,600
28
1
28%
150
ou
—1
35
3%
3%
May
Jun
5%
450
42%
44
Va
3,700
223/4
22%
223%
400
103/4
Jan
24%
Jun
43
Jun
9
51
49%
51
Jun
Feb
48
50%
-10
Association- (Phila)——
Ltd—
dep rets ord reg——
Ford Motor of Canada—
.Class A non-voting
59'%
59'%
B voting.
Class
6%
•
6%
Aug
Apr
July
75
Jan
5% Jan
8
May
22% Jan
400
26%
27% July
28
Jun
'
3% Jan
7% May
5% Mar
—
Co.
Fox (Peter) Brewing
Franklin Co Distilling
7
241/2
450
26
12%
12
12 ft
26'%
26
263%
750
27'%
263%
27%
34
Jan
450
Feb
Jan
47/e Aug
13 %
10% July
1,700
>
Aug
3Va
24%
1.28
1
Franklin Stores
————1
Froedtert Grain & Malt common—.—!
Fuller (Geo A) Co
1
Jan
Jan
29
Jun
114
ijfan '
Jun
.•••/:V/?>;'»•
G
Corp common.
Garrett
cu
Power
2'%
Alloys Co_
•;
Ltd—
Amer dep rets ord reg
.1;
General Finance Corp common..
.10
5 % preferred series A——
General Firepraofing common...
""a
Gen Gas & Elec $6 preferred B.
General Outdoor Adv 8% pfd.
100
General Public Service $6 preferred
•
General Rayon Co A stock..
—J■*
General Shareholdings Corp com.—!
$6 convertible preferred:
•
Gen Water Gas & Electric common
I
200
42 3%
Aug
46
7
Jun
10
1,200
3%
Jan
32%*
31%
323%
350
28
33% May
May
6'% Jun
18%
18%
18%
300
143% Mar
197/a Aug
—
—
2'%
V
873/4
25,300
3%
900
1%
(AC)
Zinc
Jan
-
24
57'%
58
53
18'%
2,100
15
Mar
24'%
21%
24'%
1,450
Imperial Chemical Industries—
Am dep rets regis
13ft Mar
,
lO'/e
22%
22%
200
1
10
105
V
•'
13%
13 ft
Imperial Oil (Can) coupon
—.
Registered
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain &
"33/8
98%
220
114
;•
Co
77'%
77
70
78 ft
Jacobs
Co—...
(FL)
19ft
Class
Gorham
Jan
91
July
1,150
85 3% Feb
600
19% Mar
23% Aug
1,300
19
42
98%
34ft
14'%
200
19%
43%
43%
7,500
38
—
8%
2ft
28ft
2%
,■
pfd
Non-voting
1st
148%
Jun
108
Jan
3ft
Jan
Stores
10
4
Apr
Jan
19%
Apr
Co
%.
21%
■
114% Aug
Jan
110
11%
37
83/a
10
lift
Jan
Jan
'
j 71i% May
47
July
106
July
1 %
393%
Jun
Feb
Jan
V
7%
51%
Apr
Jan
50
Feb
221/4 May
37
39%
71/8 Mar
10%
Apr
8% Aug
Aug
9% Feb
20
13%
July
Jun
Tea—
,•
94%
Paper
'
28
—•
125
Jan
103%
Feb
127
Jun
140
Feb
650
38
39
163%
17
86
100
95
128'% 128%
17ft
35% Mar
421% July '
3,000
10 3/4 Mar
22%
•
common..25o
Gulf State Utilities $4.40 pfd
7%
Jan
100
109
July
Gypsum Lime & Alabastine——•
8
Feb
Klein
(D
Kleinert
10
Jun
Feb
114% Mar
10%
Jun
70
111% 111 %
Lamp
Co
Bridge
■
Co
Ltd..
Hartford
Hartford
Harvard
Paper.
Electric Light
Rayon
Brewing
11%
11%
11%
29
28
29
"3
~2%
~3'/8
•
in
ctfs
1
—1
Hat Corp
9%
Corp
i
,....*
8%
32
'
8
Hearn Dept Stores common
.250
Mining Co
Jan
12%
Feb
6
Apr
7
110
Aug
32
X31%
9%
12%
12%
300
8%
32
60i%
Brewing Co
,120
16%
Rubinstein.
For
footnotes
__
see
25
—
Class A
Lakey Foundry & Machine
Corp of Delaware
page
1013.
■—
—
200
—
8
1...
108
Aug
Jan
108
:
Jun
Jan
1103%
Jun
114
Feb
xl08% Mar
:/f
24ft May
Peb
#V 120>
Aug
116
Va1 Feb
300
13
Jan
19
Jun
28% Mar
35
8'% May
V,i2
Aug
Feb
100
35 ; -
*
>
-
25'% Jan
23%
22%: 23%'
76
•75%
77
170
52%
Jan
V'. 77
Aug
66
66%
70
433%
Jan
75
Jun
5%
5%
8,000
33%
Jan
57/a
6%
7%:
1,100
7
Apr
9'%
LV
1%
1,000
ri%
•
y-7ft
•
2,200
18
Apr
Aug
Jan
'
Jan
15%
/It7® Aug
17%
Jan
16% May
16%
400
17'%
83/4
,
>
18 i
Jun
18
Jun
Jan
j
i
8'% Aug
10
Jan
100
9
400
Jun
14'% Mar
99
8%
8%
preferred
/
100
.
Lane Bryant 7%
Lane Wells Co
.1
common
Langendorf United Bakeries class A—*
""l
.,_
Convertible
preferred
Leonard Oil Development——.
Le Tourneau
Line
Jan
11'%
23
Brothers common—
Class
Jan
3%
Jan
t>%
Jan
20
•
16
;..(■.■'•
7%
7%
•
7%
V;
900
—
Aug
Feb
250
•
1%
1%
Groceterias
Class
6ft Mar
Jun
5,000
1%
Jan
36
200
28'%
Feb
17%
1,100
•13%
Feb
17'%
16%
17'%
1,800
2%
Jan
Jun
Jan
37% May
19
Jun
"4%
4%
4%
1,600
14
Jan
19
30%
Apr
4%
Jun
2 3%
24
-
•
Ja*
Mar
24'% May
Jan
24
July
107%
Jan
15
1'% Aug
2
July
July
96
Jun
80'% Aug
89
Aug
11%
Feb
Feb
114%
32
Jan
13%
133%
W: 3,100
IV2
1%
1%
6,600
89'%
903%
125
85
82 3%
82%
225
x7%
4,500
7%
7'%
7%
38
common.——
37%
38
200
7
40
Jun
May
M
Jan
Jun
6i% Jan
8%
Jan
87/s Aug
20% Mar
14%
Jan
3%
Manatl Sugar optional warrants.
Mangel Stores common.
$5 convertible preferred
Manlschewitz (The B) Co
361%
Jan
113% Jun
13%
Jun
263% May
15i% Aug
Mfg Co
Marconi Internat Marine '
'
Communication Co Ltd_
Mapes
100
2'% Mar
37/a
Jun
Jan
23
May
104
Jan
133
Mar
17
Mar
18
Mar
33
Jan
14'%
Consolidated
Margay Oil Corp
3%
£1
——•
|
,,
;
Jun
133%
;
,
Jun
110
-10
18 Va
-8
.;
Feb
Feb
—
Long Island Lighting Co—
Common ctfs of dep_
70
,
27%
.25
A——
B
7%
Mar
Mar
48
16%
Locke Steel Chain
Corp
Jun
8
35
Lone Star Gas Corp common
Lynch
Feb
32
—
1%
Aug
17
Jan
16%
•
110
13% Mar
25 V2
4
..
;
!
May
57/a Aug
lift Mar
109%* Apr
.10
Corp
Loblaw
15 Va
1,100
.8
Lipton (Thos J> Ino 6% preferred.
Lit
1,500
3,200
-•
110
15%
.1
(R G) Inc
Material Co
Lionel
%
9ft
-■
•
.25
5
8ft
15%
J.
,
Lefcourt Realty common
V 5%
;
110
__
•
•
B
Class
91%
18%
18 ft
38%
V 5%
.———8
Lamson
Jun
291/4
1,400
25
.
.
>
Jan
800
120
17%
34%
34%
1
Lake Shore Mines Ltd
4% Mar
"
Helena
43%
1
1
—
jun
3%
7
300
400
12%
Jan
Jan
3% May
1,000
/;
9%
16% Jun
lift Jan
104
Jun
1%
3,600
4
.
Jun
27
300
53%i
4
—
of America B non-vot com—1
Hazeltine
Hecia
900
V
28
—
voting trust
Co
-
Feb
July
13% July
4y« Mar
9'% Jan
I
Jan
213%
—1
IV
preferred A ctfs of dep—preferred B ctfs of dep—
Louisiana Land Ae Exploration
Louisiana Power & Light $6 pfd—
H
Ball
100
108% 109'%
6 %
Hamilton
"1,400
•
10
Emil) Co common
(I B) Rubber Co—
Kobacker Stores new common
--
Hammermill
5,800
;7%
6%
107
Kingston
Products.—.
Kiiby Petroleum
—
Kirk land Lake G M Co Ltd———.1
133% Mar
Jan
7%
2,300
15%
107%
15
15%
5
-108
i——1——TOO
.1
—1
Jun
53% July
Jan
Jun
%
800
500
24
Jan
Feb
Jun
1%
19% May
24%
48%
500
1%
42
Jan
21% May
Jan
t, 3% May
10,600
8ft ~
17%
19
Feb
31% May
53% Mar
Jun
May
13
17 V.
17
Jan
Jan
17% July
100
48 3%
2 ft
?Vs
3%
Jan
ft Jan
; 700
Jan
13
lVs Jan
675
21%
10%
10
Mar
21% Mar
Jan
900
May
22
Jan
173%
800
1
.
20%
10 %
pfd B
Knott Corp common
17s/8
,
35
33 %
,%
2,700
1%
lft
1%
35
Mar
104
103
1,600
35%
"'.V.
100
Products
Jun
Jan
Jan
27,600
48%
8%
stock
common
Jun
&
preferred D
&%
Jun
106
47
1
Pacific
Greenfield Tap & Die
Grocery
Jan
Jan
100
lft
2ft
23
51%
•
*
Krueger
-•
35%
preferred
Great Northern
.
25
(Cal)
&
"9
10
.
—I
I
—
Co
Shops
*
10
common
Atlantic
Kings Co Lighting 7%
393/4. Feb
•
class A
conv
Ken-Rad Tube
Jun
900
105
1
1%
800
Aug
16
Jan
8% July
300
Jun
24% May
9ft May
18%
500
8%
2%
293%
8%
'
29%
preferred—100
—J
& Lamp A
•
521/2 May
60
Mfg Co
Mfg
Grayson
—1
'
40
105
39%
Mfg
64
Jan
19 Va Aug
Kresge Dept Stores—
4% convertible 1st preferred—100
25
101%
K
Inc
Apr
123/4
100
3
20% Feb
__
*19%
Kansas Gas & Elec 7%
193% Aug
6,000
Jan
3
55'% Mar
19%
•
Jan
600
21'%
64
Mines
Graham-Paige Motors $5
7%
19%
20%
class A
Grand Rapids Varnish
Great
19'%
78% Aug
775
88
—
•
Jersey Central Pwr & Lt 5%% pfd—100
6% preferred
100
7 %
preferred
100
Julian & Kokenge Co
♦
93%
15
100
;
43%
preferred
Gorham
'
Jan
1% Aug
13% Aug
41%
—:
23%
18
Inc common:..
Consolidated
Inc
:
193%
B
Goodman
16
20 3%
Coal—
prior preferred
$4.50
Gray
16
57'%
400
23%
1
I,
Jeannette Glass Co
Jan
1113/8
350
193%
Jun
Jun
77'% Aug
900
98 3%
—1
V
A
Feb
21/4
50
114
210
116
Jan
1%
14%
Italian Superpower
29'%
*113 ft Mar
■v. 52
,1%
86
88
Registered shares
—•
International Products —
:——10
International Safety Razor B
•
International Utilities Corp com
15
$3.50 preferred
80
Interstate Home Equipment.
——1
Interstate Power $7 preferred———•
Investors Royalty
—1
Iron Fireman Mfg voting trust ctfs—•
Irving Air Chute
12% July
1%
sha—•
coupon
Jun
15
1%
series
Petroleum
,/:
Jan
Jan
24'% Aug
.10
66
.—60
International Metal Industries A——•
International Minerals and Chemicals—
International
Jun
7'% July
15. • Jun
12'%
S
360
77ft
of North America——10
$3.50
May
28%
11
—
•
International Hydra ElectricPreferred
60% July
20
>.:/ll%t;Jan,.VV
300
■
U3 %
100
preferred
t 52% May
183%
16
Godchaux Sugars
May
10% Aug
92
....
Gladding McBean & Co
Gleaner Harvester Corp
Goldtield
18
13%
—1
.
—
common——1
1
Common
18%
84
1,500
97%
1,600
13%
13'%
Jan
6ft July
£1
Ireland
Key Co- common
Kidde (Walter)
1%
"5%
"3%
Co
Gobel (Adolf)
Feb#
132
105
•
—
Jun
101
105
200
Jun
3%
141/2 Aug
-16% Apr
12,200
-
2,600
'•
*
JE1
25'% May
Jan
17 ft
23%
Co_
8%
"8%
14%
22%
58
.80
-
10% Aug
C-v'-v
—
common
—
Alden
12%
92
109% May
Preferred
Gilchrist
;
Jan
2%
36
9% July
Jan
preferred
Gilbert
$3
10
10%
Aug
63% July
Mar
18 Va
preferred
Kennedy's
10 Va
Geoigia Power $6 preferred.—,
Glen
:
•100
11%
91
8Va
10%
1
Gen Electric Co
$5
1
7% Aug
9 % Jan
3,600
n%
91
—.*
.108
Gellman Mf?Co common.
General
7%
7ft
V
common
preferred.
5%
July
5%
i.
cmuuieau
Feb
10
Jun
821,:
77
8
50
Aug
7Va May
263% Aug
173/a
55%, Jan
preferred——10#
Feb
Apr
17%
—
convertible
Jun
50%
24ft
22%. Jan
i
;
Fort Pitt Brewing
4%
553%
Jan
Jun
56
...
$3 conv stock
Jan
91/2
1,700
26 3%
.....
Jan
17%
381/4 Feb
10
6%
—
—II
Ford Motor of France—
Amer dep rets bearer
4%
Apr
231/2
Ford Motor Co
Am
May
3
3,200
Jan
28%
5%
5%
Dividend arrear ctfs
Jun
Jun
Aug
16
1,600
49
--B
Warehouse Co—28
Federal Compress &
40 ft
500
9
Mar
23Jan
purch warrants
conv
Illinois
Feb
Jun
143%
11
300
...'
Jan
44%.
Co.—
Industrial Finance v t c
39 %
31% May
8,000-
3-/8
17
,
34
113
26
B
Corp
123% Aug
73/4 Mar
2,000
12%
163%
17
Metallurgical.
Fedders Mfg Co.,
Fire
"
May
10
International Cigar Machine—.*
12
130
30 ft Jan
110
Jan
;-'i 25% Aug
43
Fibre
Securities,
flygrade Food Products.
7 %
12%
200
May
July
40%
'■
Jan
111
Hydro Electric
Insurance
Falrchild Camera & Inst Co
Fairchild Engine & Airplane—.—
Falstaff Brewing
Mar
253%
32%
48
Jan
25
400
351/4
100
..
333%
33%
111
Indianapolis P & L 5%% preferred_100
Indiana Service 6% preferred
100
7%
preferred
—100
2Vi
Jan
43
125
.
12
10% Aug
1%
Jun
1081/2 May
105% Jan
2
-J
Pipe Line common
800
29%
25%
8
124
& Refining
Huyler's common
1st preferred —
July
112
Jan
70
250
3
10%
10c
Eversharp Inc new common
110
27%
28
8
—
101
Jan
14%
pfd—100
Inc
Jan
973/8
39
*—10
Equity Corp common
$3 convertible preferred
9514
600
2%
2%
;
Empire District Electric 5%
Derrick & Equipment*
400
993/4100
IB
Watch Co
98
106
12% May
18% Aug
20
Jan
37
25%
$2.25 preferred
15% July
9%
14%
16,200
Jan
Jan
9%
14%
—
Illinois Power Co common.
warrants
Corp.
Fansteel
.V
27% May
593/4 Jun
Jan
•:..;T4
Jun
Jan
13%
14%
Jan
26%
52
Jun
Jan
Aug
9
24%
MOO
Jun
8
39%
—
.
108
Jan
26%
—100
Ligonier
Com stk
Jan
V 5 3%
56
(Harvey) Inc—
Hussmann
July
Apr
17
1,500
■
y;-
60
47
>
Apr
37 ft Mar
J '
47% May
375
12
11%
U3%
B
Emsco
Eureka
60
57'%
——-
Co common
Esquire
99
Feb
33%
_
Electrographic
Elliott
Feb
54
Bond & Share common
0
$5 preferred
*
$6. preferred
*
Electric Power & Light 2d pfd A——•
Option
78%
46%
33'%
92%
52%
Electric
Elgin National
1,050
825
91
53
—*
$7
Easy
Jan
1,200
92%
preferred
...————100
Eastern Malleable Iron :
20
6%
Eastern
2Vs
2%
2%
23%
Aug
103 Y&
—10
preferred
Humble Oil
"•.
14
.8.80
& Hardart common.—
5%
Jan
6 3%
—
Hummel-Ross
prior
11
~6%
common.—.-—-
Inc
High
Low
300
14
6%
—1
(Geo A) & Co common—.—.
Horn (A C) Co common———
Horn & Hardart Baking Co
:—•
Hubbell
1
4%%
Range Since January 1
High
-.13%
Consolidated G M—
Horder's
Feb
l
East Gas St
Shares
>100
74
-
Duval Texas Sulphur..
v'-1
for Week
/
Hormel
—
dep rets ord reg
Test Corp
Dofo
common
84
Ltd-
Dunlop Rubber Co
Durnam
Heller
38%
Duke Power Co—
Am
Feb
67
-10
Co
53%
63/4
70
Low
Par
High
Apr
15
70
Range
of Prices
—a
41/8
*
77%
Corp
Dtiver Karris
2,700
115b
Textile Co Ltd
Dominion
4%
4%
,
Dominion Tar
Draper
Low
253/4 Mar
4%
14
A com—..
Co Ltd
Dominion Bridge
Range Sine* January 1
High
Low
Par
Sales
Last
Sale Price.
York Curb Exchange
New
for Week
•f Price*
Week'*
Friday
STOCKS
Last
Sale Prloe
Exchange
New York Curb
Sale*
Week'*
Friday
AUGUST 31
WEEK ENDING
'RANGE FOR
Monday, September 3, 1945
5% Aug
21
Apr
38'% Aug
63%
29
Feb
Mar
••',
j
.
i.
i
v
1
,
•?
•
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4417
Volume 162
1011;
NEW YORK CURB EXCHANGE
RANGE
Last
New York Curb Exchange
LOU)
1%
1%
13/4
11%
11%
11%
Harris common
Massey
Corp
Johnson
Mead
&
Co
11%
Metal Textile
Corp.
Class B v t
West
Midland Oil
Oil
Midwest
Co.—
Piping & Cupply
Mid-West Refineries
Midwest
Wohl Co
Miller
5 Ye
common
preferred—
conv
Mining'Corp of Canada
& Mfg..
Minnesota Mining
Pwr & Light
Minnesota
7%
pfd
conv
3Va
Apr
5%
Feb
Jan
Paramount
Feb
Parker
Jan
73/a
Jan
5% Mar
Jan
51% Aug
Jun
Jun
Jun
400
12%
Jan
23
Jun
500
15%
Aug
23
May
2,400
2%
Aug
5
Feb
163/e
-
3
15%
11
5,900
15%
10% Aug
50
12
Jan
Jun
16
Mar
Power
&
Penn Traffic
Pepperell
Mfg
150
26
Mar
30
700
28 V2
Jan
39
Feb
1,200
2%
•4
States
Power
Mountain States Tel St
Jun
Philadelphia Co
9%
400
Murray Ohio Mfg
Co
Muskegon Piston Ring
Co common
Muskogee
"3%
I**—-
'•
V
<
~3% "2%
16%'
'74
600
46
112
.
80
17%
11 %
Apr
Phila Electric
35 y4
Jun
Phillips
Jan
3%
Feb
Pierce
17
Aug
Pinchin
Johnson
52 3/4
Aug
Pioneer
Gold
Aug
1%
63/a May
Jun
Jan
76
Mar
106 3A
13
115# Jun
Jan
Jan
"
25
8%
50c
•
1
1
9
*
common
National Transit
National Tunnel & Mines common
National
Radio
Union
2%
100
10y4
300
Jun
18%
Aug
13% Aug
2% Mar
30
Feb
12
Jun
Feb
193
May
18% Mar
12
183%
Mines
l7/a
Jan
115%
Jun
Jan
112%
Jun
2,500
3
Jan
53/4
73
800
57
Jan
73%
202% 225
150
43
100
5'/8
4%
71%
43
17%
12.50
1
30o
22
Apr
179
42
39
..
1%
2
7%
.
_7%
38
300
42
73/a
13A
3,000
24%
23
23%
Bess
11%
12%
12%
Powdrell
L
&
E
32%
32%
11
N
N
100
N
Y.& Honduras
N
Y
Pressed
Producers
1403/4 Aug
Jun
s
May
10
.Jan
17%
Feb
89
Jan
98 3A
Aug
36%
36%
100
17%
18 J/4
1,900
12
12%
N Y
253/a
10,800
Jun
38
203/4
20'/4
203/4
12%
13%
19%
Apr
14%
1%
5%
10
July
Jan
21
5%
Jan
16
Jan
19%
11%
Apr
1%
Jun
153/4 July
2% Mar
5
May
6%
Jan
Jan
113
Aug
9
13
74%
74.%
i5o
600
8%
Jan
14% Mar
Jan
~9Va
12%
£ 10% Feb
600
6
Jan
v.
May
63
1,100
76%
113/4 Mar
Jan
93/4
80'%
21%
120% 123
30
.
II
25%, 26%
Jan
110%
Feb
124
14-%
Jan
31
400
66%
67%
1,500
5%
4,000
.4%
4%
.
.
203/4
Mar
2% Mar
Jun
Jun
253/4 July
Jun
Jan
63
,
.
Jun
28 y4
May
'
703/4 Mar
5%
Jun
40
38
—,—10
10
48
Mar
x63/4 Aug
100
x5
16%
16%
—
Mar
x6%
x6%
•
250
12
Jan
40
300
30%
Apr
20
>
19%
150
16%
Jan
Jun
22
40
Jan
Aug
23 ya
Mar
& Gas $5.10 pfd-100
N Y Water Service G% pfd
-100
Niagara Hudson Power common
5%
1st preferred5%
2d preferred
10
-100
—.100
107
107
69%
69 %
6%
100
14% Aug
170
106%: July
64y4 Jan
109-
s
400
15%
4,600
14%
14%
100
2%
: 6,000
3%
preferred
6%
Central
Aug
V2 July
JUn
Jan
17 y8
Feb
123/4 Mar
14%
23/4
Jan
1%
121
Jan
Mar
26
700
-36%
Feb
Jan
56
53%
40
53/4
1,300
15%
5,700
53
102
102
10
Jan
Jan
7% Mar
11% Mar
18% July
38%
39
Apr
105
Jan
110y4 Mar
625
.
343/4 May
143/4 Mar
-25
173/4 :i8%
1,500
7%
343/4'34%
2,700
6%
Aug
300
26 ya
Jan
-
Jun
•■99%
—1
Power class A
6%
106 Va
.50
Northrop Aircraft Inc
Novadel-Agene Corp
Mar
1%
5%
14%
—1
7%
-
>
78% May
14% Mar
,140% 142'/a
1,700
117
Jan
43/8
43/8
43/8
200
4
Jan
173/a
17%
500
140 %
6y8
Apr
Jun
13%
Jan
19%
Jan
173/8 Mar
' 2,555
3%
Jan
12%
Jan
22
6%
"*43/4
193/4
—
Jan
11%
Jan
40
20
13%
51
135/8
13
11
20
700
12
lVa
2,100
11
:
5Vs
Jun
July
Jun
Jun
1% Mar
1& Jan
8,800
72
71
America.
1%
l3/a
31
50
39
39
*"1%
73
Jan
Mar
15% May
.; Mar
% Jan
l3/8
Jun
13 3/a
Jun
9%
10%
400
11
Apr
'8% May
IS
of Nevada
Prosperity Co class B
Gas
Providence
Jan
142% May
800
"4 J/4
"43/4
—
common
of
Corp
Apr
20%
16%
i.
Feb
of Colorado—
Public Service
6 Ye
1st preferred
7%
no
110
10
110
107%
1st preferred
—
15%
16
18
18
Pyle-NaMonal Co common
Pyrene
16
•
Jan
14%
4,900
17
15%
Jan
107
'^1
112
Apr
111%
Puget Sound Power St i'4ght—
May
118% Jun
I
17%
Feb
Jun
110%
Jan
•
100
16%
175
13% Mar
18% May
13% Aug
17%
—
19
Jan
Jun
Jan
Q
\
Quaker Oats common
6 Ye
preferred
Quebeo Power Co
863/4
162
Jan
90
Jun
156
Jan
164
Jun
13
-V
Jan
76%
200
88
30
162'A
—.
Voting
Railway & Utility Investment A
Am
Rome
Jun
Jan
2%
Jun
"29% July
42%
Feb
33%
Jun
2%
v
Jan
18 3/a
19
Jan
25
Jun
22%
55o
l'/a
500
%
Jan
1%
^6'/a
5 J/4
6%
7,400
3%
Jan
6 % May
1%
1%
1%
11,300
% Jan
1% Feb
105% 105%
20
105 % Aug
12
16
Jan
19%
50
14
—
18
200
16
100
12%
23/4
400
4
7%
24%
18%
May
Jun
Jan
,17
Jun
4 3/8
Jun
8% Mar
6% Mar
6,1001
8'/a
23%
•;
May
22%
Jan
A ';■
1
V
Feb
19%
Jan
20
Mar
15
16% Aug
16
9
109
'
Jun
18
$1.20 convertible
Jun
26% Mar
Aug
l'/a
22
221/4
...£1
Art Metal Works
Feb
3Va
.22
,
Feb
19%
Jun
—.
Jun
18%
2,600
'
.J%
Ru3seks Fifth Ave
1
Aeronautical Co
Consolidated Petroleum—.
Ryerson St Haynes common—
Ryan
"
~7%
6y8
"7%
4,300
25
Jan
193/4 Mar
Mar
12 % Mar
11
6% Aug
10 y8
Jan
500
53/4
53/4
4
4%
53/4 Aug
9
Jan
1,700
3% Mar
4%
Feb
6 J/8
4
Ryan
Feb
18%
24%
—10
Rotary Electric
Jun
403/8
Jun
19'
Jun
9% Mar
35%
Jun
I
s
.I':
Corp Ltd—
Bt Lawrence
Class A j$2
conv
Jan
3%
Jun
16%
Jan
27%
Jun
875
8 %
59,600
5% Mar
6%
6,000
53/4 Aug
6
Salt
.23%
6
Regis Paper common.
Dome OiJ Co
Samson United Corp common.
St
63/4
2,600
8y8 Aug
10%
Jan
5 % Mar
8'/»
Feb
4%
Feb
3%
Oil
common
3%
200
3
34 %
Co..
Co
Savoy
Schiff
2%
J
223%
7%
223/4
prel.
34 %
100
22
4%
8,500
3%
Jan
525
70%
Jan
500
34% Mar
41
111% Mar
116
4
Schulte (D A) common
Convertible preferred
25
Scovill Manufacturing
25
Scranton Elec $6 pfd
—9
Scranton Spring Brook Water Service—
$6 preferred
9
BcUllin Steel Co common
9
83%
85
39
393/4
..
''
July
4% May
88%
700
Jun
89
'
July
Aug
114 *. May
Jan
510
May
38
Jan
10% Jan
14%
Jun
4V2 Mar
Securities Corp General.
Bros Inc_2
Seeman
Ogden Corp common
Ohio- Brass
Co
class
Ohio
Power 4%%
Ohio
Public
6%
4
:
B
common..
preferred..
Service 7%
—
common
Oliver United Filters B
Omar Inc
Overseas
For
-•
29 %
28%
29%
112% 114
1,800
4%
Apr
650
22%
Jan
112%
Aug
116
Jan
•
120
116% 116%
100
10
34%
300
100
.15
333/4
33%
110 V2 July
29 ya Jan
Jan
page
1013.
6
l
9 %
July
J
Securities
see
4%
•
——
footnotes
4%
.—100
1st pfd
1st preferred—
Oklahoma Natural Gas
4%
.
May
23%
243/4. 25'/a
■
14
Petroleum Co.—
56
:'
1% Mar
14%
—
5
preferred
Steel Co
Royalite Oil Co Ltci
Jan
28,700
300
2
2
,
dep rets for ord reg
Cable Corp common
Jan
Apr
173/« Aug
•8,955
20
Aug
20%
15%
52
18%
19
..100
6% pfd D—
Roosevelt Field Inc.
Root
325
31%
9
.
Jun
3
/II % Jan
625
22%
Pendleton Inc——.
Rolls Royce Ltd—
47,100
9
Raymond Concrete Pile common
J3 convertible preferred
Rochester Gas & Elec
55%
—
Raytheon Manufacturing common—50o
Red Bank Oil Co
1
Reed Roller Bit Co
9
Reliance Electric & Engineering
S
Rice Stix Dry Goods
9
Richfield Oil Corp. warrants
Richmond Radiator
1
Rio Grande Valley Gas Co v t c
1
Roeser &
18
—
—10
Rath Packing Co. common
3
19
1%
—10
1
common
21/4
3
Radio-Kelth-Orpheum option warranti.
Railway & Light Securities
14 Va
Wm
R
Jun
5y4 May
136
May
43 V2 May
43
May
-
Jan
64%
Jun
Apr
2
Jan
V
443/4
6"% July
6%
Aug
19% Mar
—5
Texas Oil—
RR Co-.—
States
102
353%
5%
Northern * Indiana Pub Serv 5 % pfd_. 100
20
Northern: Natural Gas
Northern
Aug
200
53
—50
Airlines
North Fenn
110
40% >42%
common
American Utility Securities—
Northeast
May
7% July
8%
133/4
6,500
300
6% Mar
Feb
90
■fg Jan
%
4,000
3%
Jan
213/a May
110
41% »42%
Rayon class
prior preferred
Northern
22
123% 130
i.~
82
1,700
North Amer Light St Power common —1
North
Jan
17*
•
2%
B
89%
8'/a
8i/a
203/4
Class
/:
450
'%'«130
14%
.
5
$6
Jan
102
—1
Mines—
North American
3%
%
Electric
Noma
20
22,800
107% 110
101
Niagara Share Corp class B com—5
Niles-Bement-Pond
*
Nineteen Hundred Corp B————1
Nipissing
69%
6%
6 '/a
optional warrants
Class B
15%
107 3/8
15%
1
shares
Feb
Canada
Metals
Ronson
Shipbuilding Corp—
Founders
N Y State Electric
11% July
350
Jun
16%
10
Jan
735
Feb
'
10
Apr
x8%
July
11
100
2%
5%
12% Aug
Feb
800
14 5/8
2%
Jan
6,500
2,200
19%;
14%
Jan
3%
1,100
16'A
Jun
23 '/a
14%
1,100
4
7,500
3,100
11
70
r-.
—25
—
Jun
Jun
11
355
13%
Aug
681/4
•
•
39"% Mar
24
8%
12%
Jan
18
Aug
3"% Aug
191/4 Aug
151/4 Jan
•
Rosar<o
Jan
33% May
50
20%
Jan
10%
373/4
-
19
2%
Jan
Apr
15%
70
10
—
32% Aug
,
7%
17%
——.50
—
Inc
Feb
26
a
Land
Merchandise
Jan
May
25%
common
Prentice-Hall
39-% Mar
II:
warrants
Y City Omnibus
14% July
900
50
Mining—
tYa
common
18
43
10 J/4
.
53/4
5%
5%
11
.
67%
Auction Co
Y
Jan
Jan
30
100
"5% "i%
"5 J/4
1
Pratt & Lambert Co
Apr
Jan
48,500
20%
36%
—■r*.
13
New Process Co common
11 Va
300
5":
10
32%
32
32%
Alexander
St
9%
9%
2
RR
Scale
Power Corp of
July
Jan
—
—
2%
18
700
14
"
—
~9.y8
zinc
New Mexico St Arizona
433/4 Aug
11
500
16
11%
—!
—
Polaris Mining Co
9
May
•
10
New Idea Inc- common
New Jersey
Jun
Aug
Jan
18
—
Pittsburgh
Pittsburgh
30
129
900
23
Jan
Feb
13 Va
10
1403A 1403/4
1st pfd
Corp
.
Neptune Meter class A
Nestle Le Mur Co class A—
New England Power Associates—
6%
preferred——
$2 preferred
—
New England Tel St Tel—<
New Haven Clock Co
jun
225
Jan
35
Shs
com
Jun
44
6'A Jan
2,400
.
140%
Jan
107
(Herman)
Nelson
Jan
151%
3,700
J/4
16
•
Ltd
Piper Aircraft Corp
Pitney-Bowes Inc
Pitts
Am
Pneumatic
2Va
11%
Ltd
Jun
3
200
Nebraska Power 7% preferred—
Nehi Corp
51% May
3% Jun
107%
73
9
common
Jun
3,400
9%
19%
Refining
National
82% July
Mar
109%
23
—
43/4
3,200
4'A
91/4
3%
National Rubber Machinery
National Steel Car Ltd
Mar
80
■
pfd
Co
10%
Jan
4
183
Power 5%
Packing
Governor
Feb
13
3,500
Corp
National Mfg & Stores common
Jun
78
600
~lVa
——9
Pittsburgh & Lake Erie
Metallurgical
Plate Glass
Pleasant Valley Wine Co
Plough Inc common
27
9% Apr
National Bellas Hess common—
National City Lines common
National Fuel Gas...
8 Vo
5% Jan
Jan
570
109% 110
$5 prior preferred—
National Breweries common.—
Jun
31%
23/4
2%
•
Puget Sound Pulp St Timber.
7% preferred
National Candy Co common
Jan
109% 110 3/a
2J/a
110 J/4
Common
Nachman
29
42% Mar
Mar
47
1
9% Aug
2% Jan
400
18%
Jan
Aug
60
575
,
vv;.24.v# 26%
26
14
4,700
5%
72
-112
J '
400
.
523/4
53/B
5%
—
3%
2,500
16%
51 %'
52%
—100
preferred—,
6*
40
■
10
9
100
-9
.2%
*
common
25
„
common
Jan
8%
27
•
5o
Tel
9,700
-
May
Premier Gold
Mountain
Feb
54%
7%
•
Pharis Tire & Rubber
3%
9%
'
Ward A——————9
Montreal Light Heat & Power—-.—..*
Producers
te&y
22
Jan
1
30
93/a
Montgomery
Mountain
60
Jair
80%
7
80%
—
35%
1
1
10
Moody Investors partic pfd
Mountain City Copper commoqi
Jan
100
,7
Co
-33/4
Feb
Jan
18%
29 %
225
29%
•'
33/4
8%
333/4
29 %
2,50
34%
29%
35
'<w«i
29%
•
Perfect Circle Co
<ran
9% July
lo~/a July
9% >eb
100
20%
100
9
Penn Water & Power Co
25% July
Jan
Jun
1,900
48
41%. 41%
9
com-
Light $7 preferred
Co
I
19%
41%
9
25
preferred
July
44%
i
1
Pennsylvania Edison Co $5 series pfd.9
$2.80 series preferred
9
Penn Gas St Elec class A
i'eb
8
5% July
8% Jan
9
—
$6
23,100
,
1
—
Penn
13%
48
20%
Pennroad Corp common
3
115% Aug
44,500
12%
10
—
12 %
13%
109
Jan
Jan
26
6%
1
Corp
Co
8% Mar
Jan
22
Motors
104% July
*22%
%
6
13'/a
Jun
Jan
10
6%
6%
l'/a
Apr
38% July
9
common
new
Jan
8>/4
42%,
Jan
9
preferred
Pen
Jun
Jan
36
7
American
Parkersburg Rig & Reel
Patcliogue Plymouth Mills
Peninsular Telephone common—
$1.40 preferred A—
3
1,300
11%' 121/4
—
A_
Dakota Utilities.-
110
3%
800
—1
-10
preferred
Jan
100
21
38
100
:
110
Airways warrants
Pantepec Oil of Venezuela Am sna
200
1/12,:;::
r.
•
—
Monroe Loan Society
Montana
Pan
4,900
2.50
Mojud Hosiery Co Inc
Molybdenum Corp——
Monogram Pictures common
5 >/2 Ye
Page-Hersey Tubes
Jun
1st
143/4 Jan
1,300
373/4
9
Jun
$1.30
19
40
106% 106 %
9
100
Service
Feb
2%
14%
15%
Public
6
11%
2%
Pacific
100.
19
"
25
18 V2
25
High
39%
29
1st
130
700
Low
373/4
common.——.9
Co
1st pfd
preferred
Pacific Lighting $5 preferred
Pacific Power St Light 7% pld
5%%
Jan
12 %
15%
100
Missouri Public ServFe common—
Feb
Can
Pacific Gas & Elec 6%
Jan
2'/a
>
2iy4
9
—
50
10
?
1
—1
——50
.
•
—-—9
Abrasive
Mid-West
18
185% Aug
Pacific
Jan
11%
•
n%
Midland Steel Products—.
$2 non-cum dividend shares————9
common
Jun
13%
-
.53/4
Xl2
"2%
Corjj $2 cony preferred-.9
Midi ale Co
4%
Jun
100
4%.;
5%
5%
—5
common...
12%
45
Jan
Jan
45
C——^piCorp
Jan
123/4
Range Since Jannar* 1
//"
Jun
ZVa
;
———
High
Jun
Mar
'
91
50
5
4
10
Micromatic Hone Corp
——1
Middle States Petroleum class A v t c_l
Preferred
LOW
400
106% 106 Va
1
2.50
-*
Michigan Bumper Corp—...
Michigan Steel Tube—
Michigan Sugar Co
7
95
36% Mar
1,800
16%
i—-—15
preferred
Participating
Middle
16%
5
100
—1
;_25o
Messabi Iron Co—
2%
12%
Mar
2,500
5
5
■
-----
A preferred
6%%
100
125% 125"%
125%
•
& Scott
Warrants
Jan
95
1,500
16
,r'-'
144
•
common
Chapman
11%
42%
14%
o
Mercantile
Merrltt
—
'
:
Memphis Natural Gas common
Stores
—
42
*
Dredging
McWllliams
Shares
13% July
Jan
1
for Week
High
7% Mar
400
1,300
'•I'
1—*
*
common
preferred
$2.50
8%
'
Range
of Prices
'
pfd—100
McColl-Frontenac Oil Co 6%
McCord
300
11
10%
*
Mass Utilities Association v
(Low
High
—-—9
t e
1
Marion Steam Shovel
Last
Sale Price
Curb Exchange
Range Slnee January l
Shares
of Prices
Sale Price
Sales
Week's
Friday
STOCKS
York
New
for Week
Range
Par
WEEK ENDING AUGUST 81
FOR
Sales
Week's
Friday
STOCKS
10M}
Jan
Feb
Jun
Selby
117%
Jan
Selected Industries
119 ya
Mar
5%
31
115% Mar
35
Apr
1V2 July.
10
Jan
16% May
Shoe
Co
3%
.—
$5.50
(R
B)
Inc
gaiety
2%
4,300
17%
3,450
1%
17
Control
150
4,900
85%
—
1
1
1%
•
13A
Feb
52% Aug
42%
3 Va Mar
2
Jan
9%
Jan
16
Jan
22 Va July
19
1%
2y4
Jan
Aug
Feb
3,300
2,100
193/8
Apr
82% Mar
92
Jun
83 %
86%
21% X25%
6 3/4
7%
—
Sentinel Radio Corp common
Sentry
5,200
X21% X21%
Inc common—
certificates
200
15,300
50
—
prior stock
Allotment
16
15
Convertible stock
Semler
52%
33%
50
—
Segal Lock & Hardware
Seiberling Rubber common
8% May
Jan
92
Jun
143/4
Apr
25 Va
Aug
Jan
12
7% Aug
63% Aug
t»
Jan
.
2V4
Jun
1.
THE COMMERCIAL & FINANCIAL CHRONICLE
1012
EXCHANGE
NEW YORK CURB
RANGE
Range
Shares
Low
Serrlck Corp class B
Mining
Denn
Co
Silex
Jan
3%
Jan
5%
Apr
18%
Jun
800
123/4 July
102 3/4
Jan
124
Jun
20%
Jan
20%
Apr
-T;
common:
14%
12% Mar
525
~4%
14
14%
2,900
Low
Universal
Utah-Iaano
sugar,,
Radio
la
—_—,—
4%
3%
4%;
Feb
Jan
33
3
Mar
Jun
24
26
100
33
Feb
6%
43/a Aug
4,900
Apr
17% July
Jan
21%
32
3,800
Aug
4% Jun
76%
76%
500
65%
Jan
80 Va
Jun
...1
103/3.
9%
10%
3,000
7%
Jan
10%
Feb
40c
3%
3%
3%
700
1%
Jan
95%
95%
preferred-
Products
Utility Equities common.
16% May
5%
24%
Mar
12%
1,100
.10
—
Co;—..
Utah Power & Light $7
Utah
July
17
5
High
Low
18
5%
Insurance
Range Since January 1
High
16%
..
Universal Products
Aug
26
B
Class
1163/4 July
21% Feb
—*
*
Ltd
Shares
Universal Cooler class A—.
Jun
2,200
1193/4 124
for Week
—10
Oil-
Universal Consolidated
7% July
114%
Canada,
of
Breweries
Sick's
53A Mar
—
*
25
•—100
preferred--
4%
Sherwiu-Williams
"4%
Sales
Range
of Prices
Par
<
153/a
"4%
"4%
8
—•
—
Shawinignn Water & Power
8herwin-Williams common
High
10%
•
Beton Leather common
Shattuck
Low
i
Week's
Last
Exchange
Curb
Range Since January 1
High
1
—
Friday
Sale Price
York
New
for Week
of Prices
Par
31
STOCKS
Last
Sale Price
York Curb Exchange
New
AUGUST
Sales
Week's
Friday
STOCKS
At,)./,
WEEK ENDING
FOR
Monday, September 3, 1945
—.
$5.50 priority stock
3% July
98
Jun
92
Jan
2,800
3
Jan
6%
Apr
150
54
Jan
82%
Apr
9% Aug
11% Mar
12 3/a
Jan
14%
Jun
50
95%,
Simmons-Boardman Publications—
preferred
convertible
$3
Simplicity
Pattern
common,
Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas & Elec 7%
pfd
Smith (Howard* Paper Mills
Singer
,,—,*
1
,100
53/4
*
5%
i;
15%
14%
8%
8 3/a
33/8
>
6% Jun
Jan
Feb
$4
113
10%
Jan
22
1,400
7%
Jan
47%
Jan
3%
:
Vogt
Standard
Co
Brewing
preferred
Convertible
/■:: 500
Jan
Jan
44%
Jan
49% Feb
27
40
31%
200
30%
May
10
32
Waco
(Ky)
Oil
30%;
200
8
1;/
8
I-
11 Va
41%
Jan
46
30%
•
Jan
Aircraft
1%
Co
64
>
62
8
293/4 Mar
May
31%
& Bond
135%
—
Aug
11
Jan
Jan
11
Aug
14%
Jan
65
Aug
8
Aug
6%
Feb
11% Aug
600
65
140
1,400
x51%
Apr,
5
Jan
4% May
500
5'/4
5
1%
100
24%
23%
24%
2.500
34
33 V2
34
1%
IS
13/4
Jan
17
300
clans A
Knitting
27
Texas
West
Va
36
Maryland Ry t%
Jan
20%
21
?
1
l'/a
——1
5,600
600!
1%
129
17%
18%
3,300
1%
Willson
(R
$ 110
17%
Jan
v
105
Jan
11%
110
Jan
Va
Jan
1%
'
:.v Jan
18
Jan
1,100
•
4%
1,000
V'-;-'. V
32 y4
32%
36
39
14
15
32%
15
28
50
,
32% Aug
40 %
275
19
May
I
200
12
Feb
100
14% July
11%
July
Jun
21
14%
Feb
21
Jun
16
Jan
Jan
153/4
;/
Jan
275
16
15%
Jun
Jun
13%
J
May
14 Vs July
164
Jan
'
27%
■:
■
113
Feb
'
Inc
Jun
Aug
6% Feb
38
Mar
: /.
'
■
Jun
29 %
5% July
Jan
9
1,800
•'•w—
'.
'
Jan
111
135
••
._10
Co
3
Jun
114
Aug
"
B
common
•
Power
&
Light 7%
Portland
Cement
• 112
112
r6%
in-
Woodall Industries Inc
Jun
Jun
Aug
5
6%
2
1
',10
-
'
Jan
'
400 '
6%
200
16
16
Woolworth
(F W)
American
Ltd
9%
9%:
9
receipts..
Wrieht Hargreaves Ltd
Ra
■.
lr
"4
3%
3%
•
'
*
'
11
M* mm
-f 3,900
Feb
Aug
:
'
5
if.-t
3
'?* "v \
15
Jan
Jan
■
Feb
123/4
8% Aug
;
>—v:,; •
■
—
deDosit
16
•
200/
;
6%
8% Mar ,7
■
Jun
11
110
112
_
pfd—100
Woodley Petroleum
"
Jan
6
•
'
Wisconsin
Jun
145 /
&
Products
Winnipeg Elec
Jun
1%
C>
Mar
1,800
11%.;/
14
j.q
17
14%
Jan
Mar
200
6:,;/"
;
10%
—20
Wichita River Oil Corp
26% July
213/s Aug
•fo Jan
fs Jan
6
1st pfd,,100
Inc
10
'
11%
•
8% May
Jan
5
200
.
37%
37
5%
Weyenberg Shoe Mfg
5% Mar
Jan
:/21
;v,:4%
4
27%,7
4% l-
•
Western Tablet & Stationery com
Williams
'
'
'27
8
Westmoreland Coal
Jun
3%
1,600
27%
1.28
Coke
&
6%
13%
107
s
Utility $d preferred
Coal
Western
Jun
Jan
Mvlls
500
6%
13%
;
•
•
West
Feb
Mar
27%
750
4%
1
Standard Silver Lead
14%
100*
Wentworth Manufacturing
Jun
8
Wayne
Jun
Jan
9%
•; 8
7%
1
•
Co
13%
•
preierred
Waltt
31% May
100
11%
126
Standard- Products
13%
WagDcr Baking voting trust ctfs ext—.•
Feb
134%
—
1
20
:—,—10
Common class B——
2,400
80
W
Aug
53/4 May
42%
-
200
313/a
Standard Dredging Corp common:.
$i.60 convertible- preferred—..,
Standard- Power & Light.
10%
79%
Jan
7%
Wolverine
Standard
9%
Manufacturing
Westmoreland
•
*
-2.78
;
1
10
Standard. Cap & Seal common
5%
10%
Jun
4
7. 400
28
44%
31%
50
& Bros pfd
(A G)
Shoe Corp
Stabl-Meyer
Inc
5
1
preferred.
Petroleum
80
93/e Mar
2 3/4
S6uthern
Spajding
•5%
a
Class B
I
preferred B
preferred series C—
New England Telephone_„100
Southern
Phosphate Co
-10
Southern Pipe Line
.—10
Southland Royalty Co
5
'7
5%
28/// 7/ 28
25
25
25
Spencer
.1
common
convertiole
Venezuelan
Apr
19% July
2,300
53/a
45%
47%
.
10
9%
97/«
_
v
%
4%
110
20
5,900
3%
51/2%
Jun
2,700
15%
8%
x3%
'
6
,;7
>
——1
Edison—
original preferred
V
«% Jan
19% July
common
California
Mar
36
370
'
1
South Coast Corp common
1
South Penn Oil25
Southwest Pa Pipe Line.,..—,—..10
Southern
Apr
200
53/4
llO'/a 111
'
1
1
Corp,,
Manufacturing
Boss
Jan
3
267% Mar
260
331
Vatepir Corp
CI
100
—•
Co
Manufacturing
Sonptone
_4%
330
■
Solar Aircraft Co
Solar
32
•
—
—
May
4^g Jun
18 v July
% Jun
V
%
6,000
1
4V4
3%
4%
2,400
2%
Jan
4% Aug
Starsrett (The; Corp voting trust ctfs—1
6%
6%
6%"
1,700
3%
Jan
6% July
22%
22%
:
class B
Standard Tube
Va
A;
-
^
Steel Co of Canada,.
•
Stein
•
Ss Co commoai..
(Ai
Sterchi Bros Stores
1
common,^
1st preferred
2d preferred,.
6%
5%
Jan
68
13%
13
13%
23
Aug
10%
1,150
13%
1,300
Apr
53% Mar
15-
Apr
16
11%
Jan
14%
14
1
,
Curb
Interest
Exchange
Last
Period
14%
l
Sterling Brewers Inc
Sterling
Inc
Stetson-(J BV Co commonfir.mpes (Hugo! Corp—^
—i
Stroock (S) & Co common,-—
York
Sale Price
6
14%
1,100
6%
7,000
100
7%.
16%
15%
16
300
.
4% May
300
8%
16%
f
1
•
,8
33/4
9
Jan
1%
12
riehu
-
.
...
s
I debs,.
33/4S
Jun
s
f
1950
—,1970
Ather Pow St Lt deb 6S;
/
Amer
i
Appalachian
2018
Writing Paper'6s
Elec
Pow
—1961
3%s
»
-
:
Machinery.—
233/4
Ray Drue Co—
Superior
31 Va
Jan
25% Mar
Jun
Associated
"B"
108
108
M-S
107
107 V-",
./
J-J
Finch
53%
55
17%
17%
225
•
48
1,050
Apr
>.
14%
Jan
10 Va
17%
if
Aug
55
A Conv
deb
4%s
127
127
>
1093/4
-
102%
108 Vs
111%
123
1
.
129 Va
92%
30
T007/al01%
101%
-
-mm'
*38
'
5s
5 V2S
deb
,
•'
J-J
1950
F-A
A-O
38%
1977
AConv deb 5s
^Debenture
1949
1968
Feb
Apr
F-A
393/4
;
39
i-v
39
5 38%
38%
>
38%
■
Assoc T St T aeb 5%s A
Technicolor Inc
Texas
3T
30%
31
1,600
21
22%
4,100
.100
pfd—.
5%
Jan
27 3/a
Jan
19% Aug
116
—2
7%
„•
7%
Jan
400
6%
Jan
2,400
42%
Jan
26
33%
Jun;
Jan
25%
121
r-i
102
\ ;
29
42
29
42%
29%
-
39%
39
///;■
,
7
39 Va
101
39%
45
393/4
•
-
16
43%
43%
29
29
9% Jan
27
26%
28
30 3A
Jun
5
34%
34%
36%
350
Jan
38
14%
14%
14%
1,400
9%
Jan
14%
Jun
1
12%
11 %
12%
4,200
7%
Apr
12% Aug
M-S
.
Realty St Construction,,
1st M 5s-series, B^;
series
&
Tobacco
Product
Allied
43%
99
69%
Bickford's Inc
*
lioo
preferred,,
69%
-40
6%
6%
1,400
84%
78
84 V2
420
104%
l
Corp,;.,,,
109% 109%
1%
1%
20
1,200
.1
4%
4%
4%
500
.10
...
warrants
45%
43%
45%
900
1%
1%
1%
61
Jan
4,800
<
Tung-Sol Lamp Works
convertible
69 Va
Aug
10
10
10
1,000
13%
preferred.
Udyllte Corp
1
Realization
Corp
;
Unexcelled
of
10c
Manulacturiug Co
Union
Yds
14
300
—*
$3
Milk
6s
series
Amer
10%
United
107% Mar
112
May
Consol
117
Jun
3%s
May
1%
Jan
Jan
4
35%
Jan
2% July
Feb
53/a
59 Va May
2
Apr
Apr
15
12 3/s May
12% Mar
14% May
Jan
7%
5s
El
Gas
series
Jan
Lt
St
Pr
1971
ref mtge 2%s
Gas
25
25
Jan
6% Aug
59
.
Jun
93/4 Mar
Feb
22
4
'
"v •
ZlO
95%
I
common,,
7
14
19%
.
13
14%
8,700
18% ,19%
12,100
41
41
25
•
3/64
Light 5s
S
U
S
U S
$5
Foil Co
Feb
class
and
25c
25
2030
f>6
1956
93/4
S
B
1st preferred
Rubber
110%
Jan
Jun
General
Securities
14Va Aug.
Feb
903A July
July
Jan
Jan
7%
Jun
Feb
50
Mar
14% May
46%
46%
50
1,500
May
44
13%
9
89%
89
7%
7
•
500
common
page
*
:
_
1013.
2
2%
23/4
90
1,000
575
8% Mar
2%
113/4
Feb
May
Apr
13% Jun
Apr
20%
1%
Jan
2%
Feb
-Jan
91%
Feb
83'
1,500
4%
Jan
23/4
30O.
l3/4
Jan
2%.
3
6%
6%
6 %
54
109 %
103%
1053/4
124
101
106
Mountain
Pow
Grocery Store Prod 6s
6s
series
37
63%
39%
17
33
46
104
108
124%
127
*1263/*
104 %
J-J
J-D
—
104%'
*105
F-A
J-D
tl07
J-D
*101%
6s—_—
J-J
74%
—Jan
1949
A-O
Jan
A-O
*1043/4
B——
89
1063/4
102 VA
1043/4
107%
104
106%
105%
-
109
—
107
92
-
67
74%
101
77%
1043/4
—
106
1043/4
*105%
1949
50%
101%
tl02% 106
,1958
103%
803A
55
107
J-J
33/4__.——. .1963
1953
...
West
10
*53
1950
—
77
88
*102% 104%
-
&
68 Va
Co¬
ls t & ref 5'/as series B
Power
Illinois
105
A
L
A6Vas
—
3%s.
JH-S
102%
105%
-1950
J-J
*103% 104 %
102%
1033/4
-1963
F-A
104% 104 %
102%
105
-1970
j,
C.
1
(Dec
series
1941
coup).
M-N
107
106
109
J-D
*54
60
30
62
55
55
283/4
63
*54
60
37
60
54
54
31
63
*55
58
37
60
104
—
(July 1941 coupon)
—
1941
(Aug
series
-1955
-1957
E__
coupon)
A7s
A7s
&
series
6%s
A 7?
P
-1957
-1955
5s
1st lien & ref 5s—...
Seivice
-1952
F
F-A
54
-1957
J-J
103% 104
54
-1952
1,300
it Jan
16,500
4-,% Jan
93/s May
Power
Debenture
6s
Altallan
,
SuDerpowei
Jersey Cent Pow & Lt
Aug
Kansas Electric
6% July
-1957
5s
Jun
4
3
Interstate
J-J
-1952
:
6s___
3%s_
Power 3%s
Kansas Gas & Electric 6s
J-J
1068
54%
997/a
99% 100
'94%
J-J
—
__1QC5
MS
II1966
■MS
31
55
95%
38
81
102
71
37
52
105 Va 106
63
97
12
105%
95%
61
1073/4
*104
J-D
-2022
92
*45
106
18
107
Jan
7%
3
110
106%
1055/a 106 %
5International Power Sec—
81
1%
125%
1950
stpd
5s
Jan
1% Mar
73% July
l3/4
1953
1948
West 4s
Indianapolis
900
1
-
—
Wallpaper^ Inc
see
Trunk
Nor Power
Jun
286
200
3,000
106 Va
19 3A Aug
1%
11%
104%
38
A-O
—+—
A
Hygrade Food 6s ser A
78%
11%
106%
67%
68 Va
t86
1969
—.—
5s—
Serv
Guantanamo
13%
•
Reclaiming,,
Stores
United
footnotes
Pub
A
3%s
Power
Gatineau
Jun
45
12%
11%
"l
—
101% 102
JW-S
1961
Jun
Va
26
76%
fl
*
with warrants
common
United
For
1
—
common
105 3A
103%
120%
108
Mtge Bank—
Grand
Apr
Jan
9
46%
1053/4
103
V
106%
108
108
*123
102
M-S
RR
&
Residential
26
1%
78%
1
common
International
U S Radiator
Water Lt
AGeneral Rayon Co 6s ser
14% Mar
275
__10
common.
23
Graphite
&
153/4 July
38
6%
Sharing
preferred
1
*103% 105
F-A
B
ser
stamped
5s
A7s
U
4s
Power
Indiana
—100
F-A
J.uii
7% May
71
Apr
Jan
Ltd—
regis
*107
108
A-O
MS
mtge
Finland
86
—*
preferred
Jan
20
8,700
J-D
1993
,1993
mtge 4s ser A
Green
«
4
of N J Division—
Lackawanna
Elmira
Stores.
—
Specialties
200
49
105
Delaware Lackawanna & Western RR—
Great
Preferred
United
:
103%
2
103 Va 103 Va
(Bait City)—
Gen mtge 4%s
Continental Gas & El 5s
Feb
7% Aug
400
Q.
ser
J-J
1958
P
ser
103%
J-D
1969
1976
1954
mtge 3s
103% 103%
MS
(Balt)-
N
ref
Consolidated
1966
;
1st
Jun
10
8 V3-
25
Machinery
106
Jun
Jan
1
'
Profit
Shoe
103
103%
105% 105%
7% July
♦
common
rets ord
101%
*1033/4 105 Va
84%
A-O
4% Mar
30
Products
dep
11013/4 104%
A-O
1969
100
4,800
United NJ RR & Canal,.
United
MS
J-D
5s
Service
Conv
90 'A
1927
^
Debenture
Jun
14,700
6%
Co
83%
85%
85%
•
1952
ctfs
Ry 5%8 A—
B
91% July
71%
7%
13%
Molasses
85%
68
105
.7%
60%
participating
United
59
53
F-A
5%
6%
United Light & Railways—
United
16
A-O
53/t Mar
12%
Corp
75
M-S
1958
2%
warrants
Gas
58%
1950
7%
6%
—
United Elastic Corp
United
23
5s
1,400
60%
Cigar-Whelan
102 Vs
74%
5s
2,900
13%
preferred
corp
105'A
29
74
deb
9%
1
,
v$5
112%
102% 103 %
74
Debenture
3%
Hoo
Chemical^
United
121
183
74 3/s
103 %
1% May
3
Omaha
;p'i-
United
113%
118
170
1955
Rys 5s
Cincinnati St
Electric
Products
of
J- J
133/4 May
9%
3%
•
Investment-Co.:!:;
United
10
Canada,
Aircraft
/'
U12% 113%
Jan
3%
U
Union Stk
J-D
,1948
1954
1st
United
A-0
.1970
2%s
1st
Gas
108 V*
110%
183
63/4 May
12
—.
Inc
Union
105%
110%
"l
.5/'
119
183
A5%s
111
109%
.100
Transwestern Oil Co—
Dlen
119
Q-F
.1963
fACentral States Electric 5s
1st
00c
Af-N
.1998
6V28-———
Edison
Boston
Cities
Tonopah Mining of Nevada,,.,
Trunz
7;
n 103/4111
V-D
.1960
—
1% Mar
dep recs dei reg
Todd Shipyards Corp
Toledo Edison 8% preferred
Trans Lux
*105% 107%
12% Mar
6%
Amer
Ti-i-rContinental
19
"
Stocks,,
Exports
Tobacco Security Trust Co LtdAmer dep rets ord regis,,,,,
%
.1957
C
Bethlehem Steel 6s
IA Chicago
Tobacco
103 5/a 104%/-
Jun
1
1964
City Elec 3'As
104
Telephone of Canada—
5s
Jun-:
>
M-S
Bell
Feb,
7%
1
Inc:
Tlshman
1,000
—;
Co
Tilo
.
6%
common
—
Thew Shovel
Roofing
6%
22%
common
St Light 7 %
Texon Oil Si Land Co,.
Power
Textron Inc
6%
195S
Atlantic
U
V
■
'
Taggart Corp common.
Tampa Electric Co common,
*
*
"
Aug
2ft
12 %
4 A.
-
100
•'
7'
•;
'
•
»
Oil Corp—
J-J
2
104 Va
■
108% 108%
108%
•
Af-S
•
Cu—
4%s—
AConv
Swan
1953
;
100% 101V3
A-O
1948
Elec
St
107% 108
•108
'
J-J
2024
109
110%
'
>7 J-D
1970
4Vas
Gas
deb
106%
3
80
-
'
A Conv
common
Elec
1 Associated
Portland Cement—
$3.30 "A" part,
Class
Jan
19%
1
;
104
107
1
J-J
■
Sun
High
101%
*102% 1023/4
J-J
—I960
deo8—
f
Appalachian Pow deb 6s
Sullivan
January 1.
Low
'
3Vas
v
3% July
17% Jun
Jan
1
*■
July
18%
?
Y
American Gas St Electric Co.—
Apr
6% Feb,
Jan
14
-
16
Feb-
Feb
Sold
No.
Low
High
Range Since
Bonds
Bid St Asked
54% May
20
New
Week's Range
or Friday's
Friday
Feb
50
Sterling Aluminum Products
BONDS'
July
16% Mar
61
22%
120
107
104
105%
120
120
116%
120
f
»,
Volume
EXCHANGE
NEW YORK CURB
1
BONDS
Interest
Exchange
Curb
Last
Period
York
Sale Price
;
A-0
v
Amsterdam
deb
Conv
New
England
i.
Y
Electric
1
<
101% 106
>•
102% 107
$114% 118
106 ;
114
A5 Vis series A
Power
—
;
105%
$105
93%
-105
United Lt A Rys (Delaware! 5%a_1952
United Light & Railways (Maine)—
A-O
201%
92%
933/a
6s
1st
.
93»%
88%
22
95%
95%
'88
95%
A5s
2
107%
108
West
29
101V*
104
Af-N
$105% 106%
J-J
102'% ,105%
166
103%
$1013% 102%
V ;
•
-
U
.105 Yt
103 y«
Public
P-A
1948
Pacific
Light 5s
Park Lexington 1st mtge 3s
1955
1964
1977
M-N;
&
Power
8 F~A
P-A
103%
103
5s
"y
71%
103
6s
lAYork
12
$106y8 108
106
109
$107% 109%
New
Jtf-S
•106
",S;v
.;S,
112
$106
1950
1959
J-J
1964
1949
J-D
—
108
.
109%
109
114
106%
5
—
J-D
—
$101
101%
104
—
Af-S
104%
104 Vi
109
Public
of
Service
6%
New
perpetual
A
101% 106%
25
C
$107
107%
'.$151
105Vi
154%
v
,
109
103
2
H
106%
158%
Jersey—
certificates—
M-N
—
Curb
Harbor WateT 4Vis
Safe
A-O
—
J-D
-i.
1952
;
106
Af-S
$125
1951
J-D
$98
Scullin Steel lnc mtge 3s
1951
A-O
Joaquin Lt it Pwr 6s 3
Real Estate 6s—
—
•
1965
Southern
Gas
Counties
Southern
M-S
1970
California Edison 3s
California Gas 3Vis
Southern
A-O
Southwestern Gas & Elec 3 Vis
1970
Af-S
1989
M-N
(A G)
Spalding
Rys 4s
L
127
92
>:
f
106% 106%
•'
.-O.
■
105% 107%
10
c-
108%
•
--'105%
8s—
5S—
—
.
99 Vi
P-A
106%
$104
—
99%
99
$105
—'
108
:#
45
:
—
108
—
-
104
5
v
103% 104
>
89%
ALima
6s
Debenture
!
104%
<
*104%
103% 104 Vi
1951
F-A
1965
J-D
1957
1957
1950
F-A
F-A
1940
—
J-J
$05.
.
Debenture* 68s—
6s
——Dec 1
:
debentures
Standard Power & Light 6sAStarrect Corp lnc 5»
——
.
gold
103 % 105
■
X.**'-'-" :'«W
.
'
-103% 104
104
V'
104%
-
>v>i
X • ,*
y-
74
;V
ARio
24
7s
96%
165
96%
I05y»
10
963%
105%
58
7
.
.
19%
20%
387/B
45%'
37%
-$43%
16%
46
$18
M-N
35
36%
A.
M-N
1951
J-D
$33
J-D
.1958
2Vis_—— .2008
.1959
88
75
38%
46%''
37%
46%'
37%
--
43%
M-S
22
36%
37%'
—
-
88
-
45
49
43%
$17%
22
43
±44
22
$44
A-O
J-D
45:';'
46%
Af-N
.1947
.1947
.
^
88
;
y;
M-S
7s
reduced
to
6V2S
Janeiro
de
J-J
43
-2012
J-J
$33
.1919
6V3B
Government
J-D
8%
J-J
8%
.1921
—;
—
•No par
sale.
rCash
.
:
5%-. 22
168
-7%-- 8%
•1- 7%- .-8%
•
YPVS?
5%
-54
X
ABonds being traded flat.
81
-
nUnder-the-raio aala.
e Odd-lot sale.
d Ex-Interest,
value, a Deferred delivery sale,
x Ex-divldend. •
•-
..
^
: '
4
—
week.
sale# being transacted during current
IFriday'a bid and asked prices; no
-
t
;
' '
-
{Reported In receivership.
^ ^
-
.
,v,j;
,
certificates of deposit; "cons," consolidated; "cum," cumula¬
"M," mortgage; "n-v," non-voting stock; "v t c," voting truat eertlfloateej
with warrants; "xw," without warrants.
Abbreviations used above—"cod."
Stlnnes (Hugo) Corp—
.
37
>
M-S
2008
stamped
(State)
A5% s
96% .105%
6
74%
19
30
to Plan A
to 2 Vis
Stamped pursuant to Plan A
Interest reduced to 2%
.
60 '
>
90%
30
J-J
96% 105,;
"
>
91%
80
105%
96%
--■-"14
104
-103% 104%
A-O
-
76
84%
84%
Stamped pursuant to Plan A
104
89
103% 1047/a
A-O
91
$84
-
84%
F-A
AMortgage Bank of Chile 6s
Mortgage Bank of Denmark 5s— .1972
_
A-O
i—-May 1948
-May 1948
-
32 V '
1952
Mortgage Bank of Bogota—
A7s (issue of May 1927)
A7s (issue of Oct. 1927)
& Electric—
Gas
(stamped)-.
6s stamped
6s
I Conv
71 "•
27%
10
28%
27%
28%
M-N
6%s stamped_1958
—1958
Interest reduced
ARussian
Standard
71
J-D
^
7s_
65%
$66
$66
1953
City (Peru)
AMaranho
High
J-J
—1955
5s
Interest
109
100
15
Low
A-O
1948
Waterways—
AExternal 6Vis stamped
101
108%
104%
•
January^ ;i.
Danzig Port &
105%
106%
'
Sold
No.
Low
63
109%
105
—
Range Since
Bonds
Bid & Asked
.1931
101,
•
•
Last
Sale Price
109
96
1
.
$106
—
P-A
2022
—
&
i v
101 %
101%
of)
-
5%s
A Parana
Southwestern. P-
3s
Indiana
:.(
—
J-J
Southern
.99
99
,
.;'A,".: •'
•
__
—
Bank
Mortgage
Valley 7s
AMeaellm
(Calif)—
1971
1951
1st mtge
v••
1
\
—
107
90
1
v-
108% 108%
1932
ASchulte
Ban
104%
106 Vi
126
106
99
Week's Range
or Friday's
Interest
(Col)—
April 1948
.Jan 1947
7s
(see
Danish
X
1979
A
series
;
89%
—
100
100
Friday
7s
20-year
Stamped pursuant
Queens Borough Oas it Electric—
5vis
305%
$99%
>
Exchange
Agricultural Mortgage Bank
;, A 20-year
151
106% 106%
119
101
High
102 Vi
101
—
;:V
116%
105
>
Extended
mtge 3Vis
Sinking fund deb 4s
,
York
107
111
!
Foreign Governments & iunicipalities
108
104
P-A
118
$103
J-D
J-D
1947
110
118
F-A
193?
5s stpd
70
109%
105%
107
J-D
1959
debentures
Period
104%
12
Public Service Co of Colorado—
1st
f
s
Rys Co
ACauca
stamped extended
Corp (Can) 4 Vis B
1960
5s__.__
53%
107
1
108 Va 108 %
$106
A-O
2030
;
5s
Traction
J-D
31
68
64%
64%
M-S
1964
Newspaper Union—
conv
Bogota
Power
1954
-
72 y4
J-J
■v'
2$15% 116%
105
63
•
Portland Oas & Coke Co—
5s
Penn
103 «/a
J-D
1972
1962
116%
107%
101%
104
104
112%
115%
109
105 y*
10
104
69%
104%
1
.
105% 105%
Af-N
'.
1970
Philadelphia Elec Power 5Vis
Philadelphia Rapid Transit 6s
i
bonds
:
3 Vis
69%
"
_1979
Pennsylvania Water & Power 3Vis_1964
/ 1st
196%,
110"
98%
7
—
101% 101%
32
110%
109%
105
2
•
106 % 106 Ve
101%
92%
—
•
.
$105% 107%
J-J
Penn Central Lt & Pwr 4Vis
'
—
106
105
A-O
-—1962
4s
97%
$96
*
"
101.13
$110
Af-N
_2022
.
AStaraped 5s
J-J
197,1
Service
A
dibs
Penn Electric
Western
109'/a
101%
1
1
*r
—
.
series
income
West
103
■
101%
"
F-A
1952
A
Wash Water Power 3Vis._-
107% 107%
102%
■
Oklahoma Power & Water 5s„
i^.i;;
101
101
.
i<
;
105
Waldorf-Astoria Hotel—
101% 102%
M -N
A-O
; A-O
3s
mtge
Ohio
series
105
V
110%
28
92%
92%
.—1968
;
Utah Power te Light Co--
117
88
28
92%
93 ya
redeemed)-1948
(21%
1st mtge 3Vis—
109
102
P12
r.l09Vi 109 Vi
J-D
A-O
4a
56%
108%
105%
105% 106
1949
108%
108%
—
—
Af-N
•
J-J
1959
J
N
High
27
„
Light & Power Co—
208%
105
;•:«
2
$106% 108
/
—
J-D
19t>4
$55%
A-O
1968
3%s—,
1st lien A cons 5Vis
North Continental Utility Corp—
Ohio
Edison
Debenture 6s
2004
4s.—
Westchester Ltg
&
;
1954
N Y State Elec & Gas 3%s
N
Toledo
United
78'
64
19
8
'
"
.
102%.102%
M-S
1961
Debenture 5Vis
>
3"
,105% 106
„
—
•
J-J
1948.
3 Via.*—
Power
England Power Assn 5s-:
New
'
__
•
M-S
1948
•—.——1950
—
5s_
71
:
70
102%;„; 102% 102%
-w;
J-D
& El Assn 5s—s——1947
.
•
J-D
1948
.5s—
Gas
J-U
.
~ '
—•
•
Af-S
v
ret 8s——
New Eng Gas
5s
2-
Low
No,
Low
■
1948
United
,4%s———-—1978;
——,—>.1955
Nebraska Power iVzs
.1981
6s series A__„
2022
New
105% 107%
106 Vi 106%
102
104%
__
Industries—
stamped
(Hugo)
A7-4s 2nd
January 1
Sold
'
'
A-O
Minnesota P &L
&
.
103
103
—
Stlnnes
Range Sinee
Bonds
Friday's
or
Bid & Asked
High
112
no
—
$106% 107
v
—
F-A
no vi
Last
Sale Price
High
Low
„
$106%
•
New York Curb Exchange
;
January 1
No.
Low
mo
'
J.J
Kentucky Utilities 4s
———1970
Superior JOist Pow 3M>aJ;—
1966
McCord Corp 6s stamped
——1948
Midland Valley RR—
:
/ Extended at 4% to_—„
-—1963
Milwaukee. Gas Light 4%Si—
196*1
Lake
1st
'
High
'
Interest
Period
Range Sinee
Sold
Week's Range
Friday
bonds
••
.
Bid & Asked
-
J-J
Light 3%S-,.—..1969
/
N Bonds
Friday's
or
,
:
Kansas Power &
"RANGE FOR WEEK ENDING AUGUST 31
Week's Range
Friday
'
New
■1013
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4417
162
A7-4s 3d stamped-'
A Certificates el deposit
$55%
30J%
—
56%
tive; "convrM convertible;
"wi," when issued; "w w,"
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING AUGUST 31
Baltimore Stock Exchange
Range
for Week
of Prices
Par
Arundel Corporation
——
vtc
Low
•
Bait Transit Co
*
Preferred
t
v
c
Consol Gas E L & Pr
-Shares
Range Since January 1
Iota
2,030
.
245
5%
349
28% "30%,
79
79
*
common
23
5%
—100
:
—:
23
*
Boston
High
22
*
common
.
X:;;;;,,. 5
2.75
20
Apr
-
79
5%
Fidelity & Deposit Co
Realty Co common—
6%
158
158
20
X
1
7%
97
25
27%
»100
pfd vtc
10
..:Xv
7%
7%
97
97
——100
preferred stamped—
Houston Oil of Texas 6%
Aug
13%
.
15
10
155
Stamped
Vernon-Woodbury Mills
com
100
Oil
U S
American
Boston & Providence
Apr
Calumet
3%
Jan
87%
500
26
36c
575
25c
42%
—50
Fidelity A Guar
10
.
30
43%
365
38
-
109 %
Feb
Mar
Aug
30
Service
Mar
Jun
of
5
indebt
vc
—
1975
Baltimore Transit Co 4s.
5s
series
5s series
80
45% Jun
100
100
„
115
Feb
70%
Apr
76
Apr
1,000
100
Jun
12,500
81
1975
.
—
108%
2,000
76%
76
1975
A
B
$400
;
preferred
.May
86% Jun
91
SS
par
Jan
American
Agricultural Chemical—
American
Sugar Refining—..
American
Tei
American
Woolen
Anaconda
Copper—
-Shares
of PricesLow
National
First
X
i
;10u
—
—
182
Range Since January I
,
243
33%
34
45% '
.
19%
180% 182
19%
33%
50
:
.
100
29% July
41
20%
&
Son
Boston &
Boston
For
lnc
1
*
Albany RR_
—
see
page
1020.
,_25
19%
123
.100
Edison
footnotes
20%
33% r ~
42
40%
"20%
125
42
>
13%
Feb
341
6ya
20
103
16%
Vs. Aug
High
34
55 Ye
92%
700
78%
150
47%
Jan
156"%
Jan
184
July
150
9ys
Jan
29
Jun
" 591
29
Jan
36%
17
Jan
20%
JXin
115V2 Aug
37
Jul£
Febl
9
24 %
Jun
class A—
86
Lamson
Corp
pfd
Maine
5%
Central
12
May
50
38
May
42
34
10
31%
Jan
36
25 Ve
25
16
Jan
27% Juh
487/a
41.06
.
Mergenthaler
Jan
132
July
42% Jun
Rac'g
Assn
-
National Tunnel & Mines
New
England Tel & Tel—
Inc.
Jan
41.15 AUg
1,705
377/a
Feb
47% Aug
11
245
6%
75c
14
Jun-
Jun
9% Mar
6 j/4 July
10
63A
60c
100
75c
16
17%
Mar
13% Mar
..
July
.
Jan
1%
Jun
Apr
'
2%
230
1%
373/4
385/a
170
35 Yo
Jan
40 y8
Jan
Jun
40
40
47
40
—
73/B
48
153/4
5
20 3/4
2
123%
.
..
73/8
48
69%
1
Jan
2%
2V4
<
——50
100
•
'
16*%
——*
52 Va Aug
'•n'-i
Jan
36%
151/4
—-—*
Apif
42%
47 V*
Linotype
July
37
15 y4
100
—*
;
595
52Vb
41.15
463/a
100
Nash-Kelvinator
455
•
com
RR
preferred-
14Y8 Aug'
143/a
-':.X
50%
•
(Del) .6%
71 ,vv Jan
35
- -
u'ji
MaB
8?
42 "Y
25%
--:
15
Copper
Apr
Feb'
109
34
*
Royale Copper
Kennecott
59%
14
16%
B
July
99
•
42
•
,
,1-
Jan
'Jan
96
50
102
10
15
■203/4
^2
•
\ '>
Jan
12%
Jan
35
41%
Jan
62
Jun
48%
69%
10
64%
Apr
713% Mar
121% 123%
7%
245
'
--
300
220
'
Jan
16%
15%
95
153/4.
21%
2
5%
133
83/a
Jun
100
125
July
60
Feb
533/4
Aug
1,955
2,406
17%
x
Apr
Jan
63/4
Jun'
15 Vb
Jan
41
Jun
19% July
9Vz Aug
10
100
105
-
Jun
18
*
10% Mar
"
86
s
>1
Corp
Co
Narragansett
Bird
s
Aug
Juh
17
i;.
1
Electric
Isle
Low
44%
*
_100
Tel
9
*
102
"
•
&
Apr
16
Jan
52%
—-*
—•
:—
Stores
Capital
Class
High
90
15
9Vz
6%
*
lnc common
Hathaway Bakeries
for Week
■
Jan
10'A
70
913%
100
——i——100
Employers Group Assoc
Engineers Public Service—
Sales
Sale Price
STOCKS—
60%
"9% Aug
50
163/4
Jun
103%
Exchange
Range
July
56%
••19 y8
Gillette Safety Razor Co
Last
9
—
B—
Lines
General
Week's
30
7
' ; >
pfd series A
$2 conv preferred
Gilchrist
Friday
Jan
56
'
63/4
100
100
Mass St Ry—
Eastern
General
Boston Stock
,
.
13%
gi/2
23%
582"
.....
-
Fuel Associates—
preferred
6%
6%
Certificates
11%
81
16%
v V; ■;
--
—5
10
;—
4% % prior preferred
Eastern
112
100
RR
—
&
Gas
Eastern
Aug
40c
Jun
.'j'
112
;
•
Jun"
Jan
15% Aug
Bonds—
Coast Line Conn—
12%-
9
*
Trust
Hecla
St
6%-1st
Atlantic
71%
13%
'
Prop
Aug
Jun
36c
25c
Co
108
30
Casualty
North
108
2
Preferred
New Amsterdam
13%
pfd
1st
Personal
30
27%
i
—
class C
7%
Boston
97
120
:
July
7% Aug
Jan
Mar*
45
27%
168
Jan
4%
91
class B 1st pfd
8%
High
$.
';
69 Ve
680
12%
-
12%
100
100
100
100
100
—
Stamped
Cities
Mt
Low
29%
69%
-
71
.100
prior preferred
class A 1st pfd
7%
29%
75
28%
75
180
-
74%
10%
100
—
& Maine RR—
Boston
Jun
Ry_
Range Since January 1
/
High
Low
Herald Traveler Corp—
Jun
49
Jan
Boston
23%July
7
Feb
69
High
:
Jan-
16
Elevated
^
Guilford
Shares
Sales
Range
Sale Price
STOCKS
Week's
Last
for Week
of Prices
Sale Price
Par
Friday
Sales
Week's
Friday
■■vA Last
1
STOCKS—
Jan
22% May
1%" Jan
109% Jan
Jun
*2% Ma'r
124%
Jun
:
Monday, September 3, 1945
COMMERCIAL & FINANCIAL CHRONICLE
THE
OTHER STOCK EXCHANGES
WEEK ENDING AUGUST 31
RANGE FOR
Week's
Sales
Last
Range
Sale Price
of Prices
for Week
Shares
Friday
STOCKS
STOCKS-
Low
McCord
North
Butte
Mining—,
Radiator
$2>/2
&
cumulative
McWilliams
Mills
Pacific
Marshall
RR
Quincy Mining Co
Corp
Stone
..._;
Torrington Co
Middle
Inc—
West
<fe
Miller
5
21
—*
109%
25
77
25
6%
U
78 %
80 % May
46
50
64%
66V4
66% Aug
& Min common„50
61%
61%
69 5/8
f
Smelting Ref
National
Apr
(S
Warren
Inc..
Jun
North
Week's
Friday
Low
.1
common
&
Co
Tel Co
common
Asbestos Mfg
Automatic
Bastian-Blessing
Mfg
Brewing
Brown
Sons
Fence &
-
Butler
capital
_
&
Co
M)
Serv
S6
Central 111 Secur
Corp
central S W Util
lien
Chain
States
Pr
Co
&
Lt
Feb
Fel
11%
Jan
Ja:
19%
Apr
Ap
Jan
6%
180% Aug
180% Au
10% July
Jan
21%
Mar
17
Jan
3% May
1%
Jan
7%
Jan
3
Jan
9 % Feb
6% May
5%
Jan
9%
;
•/ •,
Jun
13
12%
26
Jan
34
Jun
16%
Jan
21%
Jun
13
Feb
2,000
10% Mar
9%
100
44
44y2
300
37
31
100
24
Jan
31
333A
1,450
23%
Jan
8%
Jan
3,050
5%
200
32%
19%
700
250
22
Jan
32
Aug
99
% Jan
110
17
350
4
145
147
'
14
Jan
18
July
Jan
5
Jun
118
Aug
131
t
—.1
preferred
for 5%
c
8%
•
:
::>
-
10
490
16
/;•
16%
24
270
100
v:
'.
8 3/s
8
17,200
82%
Jan
147
8%
Jan
&
Jun
-
4%
Feb
'
13%
450
V
43
,
63%
116
;
633/4
48/2
14%
100
13% Mar
15% May
100
15% Mar
39
150
36 %
Jan
42%
Aug
38%
Feb
44%
Aug
19
Apr
1
16
44%
.100
..30
12
150
Feb
/-<
27%
100
23 %
Jan
273/4( Aug
; *
43
Jan
58%
10
127
19%
—/'
•
d?
Swift
9%
7% Jan
Co
Trane
24
7%
800
Inc
1,500
20%
400
10
Feb
550
53%
Jan
61
May
35
Jan
43
Aug
%'
*
''
< "■ ;
12% Mar
16%
17
'
700
37%
383/4
110
?fi%
100
20%
5%
7,600
33/4
400
23%
6
jy,j.
17% May
Mat
"16
100
June
26%
Aug
5% Mar
393%
Jun
/ 6
Feb
4%
300
20%
May
42 V?
Jan
£6
20%
.
Jan
363/4
Jun
113
Jan
36
July
17% Mar
36'%
Apr
25
43/4
5%
r
Mar
21%
Apr
15%
16%
250
13
Jan
16%
Aug
14
15%
800
14
Apr
16%
Feb
/: 33%
34 %
1,900
31
Apr
34'J/4
Feb
Jan
16%
15%
116
<
200
;
20%
23
400
17
23%
Jun
423/4
common.—....—6
Corp com—*
43%
150
36% Jan
45
-
Jun
1,400
14% Mar
12
May
19% Aug
13% Jun
72
V
Co
'
Jan
54%
763/4
Jun
,
Consumers Co
40
115
6% Aug
123/4
123/4
200
693/4
713/4
1,300
59%
Jan
*
10%
9%
10'/a
1,600
73/4
Jan
343%
34%
34%
100
31% Mar
35%
353/4
500
21
23
250
31% July
143/4 Jan
104% 104%
40
102% July
13%
16
850
X153/4
76%
8%
9
38%
-1
common...
«'T'"•'» *'
18%
71%
——
.
"(
r
,
A
'
*•
-*
common
Cumulative
.
23
—_*;
104%
preferred—.*.—-*
prior
Bankshares
Indust
17
18%
July
19%
19%
*
i-
w
common
Westinghouse El & Mfg com (new) 12%
30%
20
34%
-25
Products
*
Walgreen
30%
13%
*
common
com
—
Wfigley. (Wm Jr) Co capital.—*
*
76%
/
5
*
38
11%
j
f;
34% May
; *'
37% May
v
23
•
Aug
104% Aug
14% July
Jan
16
)
Aug
?
76% Aug
70% Jan
100
'
Jun
10% Mar
8% Mar
250
■
*
[
Jun
30%
28%
Jan
31% July
Xll
11%
7%
Jan
Jan
44
Feb
21% July
Machine
capital
9Va
35
200
Jan
}
Feb
i
16% Aug
Jun
73% Jan
300
:
f
42
July
12 % May
Zenith
Radio
Corp
common...
40
42 %
36
Common
part
shares
vtc
class
A—*
21
21
17%
Common
part
shares
vtc
class
B—*
10%
11
10
Mar
11%
Jan
20
American Radiator & St San com.
29%
29%
26% Mar
30%
Jun
Anaconda
July
..25
37
37%
26
Jan
37%
Jun
Packing Co 7% cum pfd- ..100
Lighting Inc common..,— -2%
107
107%
104
Jan
108%
Jun
Unlisted Stocks-
Copper Mining—:;
—
33V4
11% Jan
700
16%
33%
16%
1.50
29%
Jan
Jan
100%
.
36V4
76 3%
400
Jun
Apr
8
Oudahv
Decker
(Alf) & Cohn Inc
Paper
Corp
Dock
Co
18
233/a
24%
1,600
43/8
43/4
2,850
133/g Mar
38%
600
35% Jan
37
Inc
Auto_.._.__„
Corp common—
17
9%
10
common..
,
May
40% Feb
Kentucky Util Jr
Kimberly Clark
common.
6%
General
Electric
46%
Co
10%
24% Aug
97/a
600
6%
Apr
250
8%
Jan
10
62
Jan
71
Aug
10%
Jan
19
71
1,200
19
400
2,300
19
213/4
23%
11%
113/4-
&
400
400
3,450
11
Feb
73/4; Aug
Jan
13 % Mar
18
Martin
Iron Corp common(Glen L) Co common
x21
Corp
New York Central RR
25%
capltaLL.
Incorporated
(The)
Brands
9% Aug
Standard
Oil
Aug
133/4
Jan
21
;
of
Jan
34%
48 3/i
Jan
56 % Aug
17 :
Jan
21
.
15%
153/4
16%
3,800
10% Jan
24%
26
2,300
19 %
69%
28%
Lamp com A—
pfd
Last
Range
Sale Price
of Price*
22%
22%
6%<
17
Jan
23
6%
16
'•
850
3%
Jan
7% Jan
32
300
20
600
253/4 Aug
253/4
27%
26%
8%
9%
450
700
10
55%
10%
600
9%
34%
93/4
34%
1,550
50
54
55%
110
493/4
common
May
■6% July
STOCKS-?
493/4
300
*19%
Jan
Jan
Laundry
American
Machine—.
8%
11%
Feb
29
26% Aug
9% Aug
Cincinnati Ball Crank.....—
10%
Jun
11%
Jun
Crosley
283/4 Mar
/ 523/4
3bVa
Libby McNeil 8c Llbby common—
Lindsay Light & Chemical com—
Line Material Co common
page
Feb
34% Aug
56
May
Jan
493/4 Aug
•
100
4% Mar
Corp
50
7% Jan
13
May
20
373/4 Jan
7% Jan
45
Apr
9%
2,000
100
17%
150
5%
Jan
13% Mar
Aug
Jun
9%
Apr
9% Aug
18% Jun
Hatfield
65 Va May
66
Aug
Aug
Sale*
for Week
I
Share*
Range Since January
35%
35%
19
100
1
High
Low
32%
36% Feb
19
July
Jan
2
10
Jan
9% * 93A
100
9
Mar
10
Jan
159
2% Mar
4
Jun
1093/4
Jun
4
107 3/s 107%
70
107%
Jan
1,838
B%
Jan
12
11%
123/a
84
83
84
12%
36%
36%
12%
36%
14
Feb
315
78% Mar
86% July
375
11
16
Jan
40 3%
Jun
13
July
28% Mar
19 Va
Jun
10
17%
17%
10
13%
Jan
*'
*
27
28
70
263%
Jun
42%
42%
50
40
Jan
67
67
150
76
Feb
,—100
...
part pfd—
Kahn
Kroger
107%
*
—
—
Insulation
—
—
Lunkenheimer
Magnavox
'
Aug
*
Eagle-Picher
Formica
50
50
12
12
35
llVa
Jun
13%
Jan
Jan
44% May
8% Aug
11%-
83/8
17%
1020.
8%
-
37
3%
"9%
.—5
Cincinnati Gas & Electric pfd.——100
Jan
40
...
*
16% Aug
41 %• Jun
/
29 y* May
High
19
353/a
8
——.—
7% Jan
6%
20
Baldwin.
Cincinnati Street
—
Cincinnati Telephone
Cincinnati Union Stock Yards
6% Jan
Low
Par
Gibson Art
common.
13% Mar
400
26
18% Jan
57
Week'*
Apr
Burger Brewing
cum
Jun
Cincinnati Stock Exchange
Apr
400
/ 16 Va
Jan
Jan
;
Mar
56% Aug
66
66
20% July
~9%
•
29
11%
Jan
~9%
400
200
61%
28%
13%
Jan
1
28
1,500
100
14 %
26%
/ 32% Jun
33%
56%
19%
2,250
•
common
see
17%
48
27%
Jan
18%
61%
N J
23% Aug
40
*
22% May
29%
Studebaker Corp common—,
U S Rubber Co common
Jun
Feb
30
..100
/'•
Jun
28% July
Jan
1
common
Feb
16
18%
1
com
11%
Mar
22
1,000
33%
•
15%
1,100
:
■
17% Jun
Jan
9
57
Tool vtc com.*
9
Jun
26
common
Republic Steel Corp common
Standard
20
14%
31%
7V2
473% Aug
Jan
223/a Aug
100
21%
25%
.56'/a
—I/.
Radio Corp of America common-
Feb
34%
17%
15%
Jan
19%
33%
Paramount Pictures Inc—
17% July
57%. Mar
10
82 Va Aug
Jan
5%
200
26
'20%
24%
Aug
15 3/4 July
18% May
563/4
Light
preferred
X16%
67%
38
July
10
133/4
17%
-
100
700
11%
26
Interlake
Friday
LaSalle Ext Unlv common
footnotes
350
23%
.—
Drug Co common
Kellogg Switcboard common
&
25%
17
Katz
Tube
133/4
13
common..._.
Independent Pneumatic
Prod
150
17%
Illinois Brick Co capital
Illinois Central RR common
Steel
100
300
16%
common
Power
Corp
22% Aug
8
17
com——
Houdaille Hershey class B_—
Hupp Motors common (new)
For
44
Mar
17
703/4
common.
& Dk
Helleman Brew Co G
cap
Bibb Spencer Bartlett com
Co
39
-153/4
13%
Inc common..—.
Harnischfeger Corp
&
30
19
General Outdoor Adv
common—
Gillette Safety Razor
(H W)
200
Pure Oil Co
*
8%
Great Lakes Dr
82%
6%
473/8
Pullman
—
Cumulative
5% Mar
2,950
General Finance Corp common—
1
Preferred' ____—*
-.100
Goldblatt Brbs
89%
81 %.
Steel
,
Feb
24% May
Apr
4
41
24%
Ken-Rad
18 3A
Jan
15
18 7e
22%
-1%
Indiana
Jan
Apr
41
15
(Peter) Brewing common
Indianapolis
Jan
20
73/4
Inc
350
15%
12 %
•
15%
Horders
100
—6
6
Motors
89%
Bethlehem
Nash-Kelvinator
10
Gossard Co
15
Connell Dredge &
Drive
Atch Topeka & Santa Fe-Ry-com. .100
; 100
Curtiss-Wrlght
15
17%
(The)
Mills of America
General
3% Jan
X
common
Four-Wheel
6%
-6
Electric Household Utll
Corp
Elgin National Watch Co.
Fltz Simons &
6%
10
com
Dodge Mfg Corp common—
Doehler-Jarvis Corp
Domestic Industries Inc class A
Leath
16
110% Mar
24%
7% July
,
143/4 Aug
tl9% Aug
common—.. ...5
capital
Radio
250
Fox
Jan
16
36%
1^
common.—.
Corp
Specialties
173/4
Flour
53/8
14% Apr
112% 112%
capital— ..25/
'
253/4 May
129% Aug
300
: '
?
27% July
;
Aug
Jan
15
24%
Apr
30
Mar
100
.
Jan
53A
Jan
18%
300
Aug
63/4 Mar
Jan
23% Jan
50
27%
Yates-American
,
4%
11
20%
U S Steel common
17%,
Eddy
46%
30
100
capital.
pfd..
Indiana
of
United
Commonwealth Edison common— —25
Consolidated Biscuit common
I
/
July
763/4
7%
Ail--
United-light 8c Rys
17%
Curtis
Jun ; ;
200
23
.17
(The)
1—5
common.
89%
88
15%
208 South La Salle Street
Wisconsin
Co
Jun
Apr
100
129% 129%
1
Co
Woodall
Crane
19%
213/4
21%
27%
,10
Storkline Fur Corp common
Sundstrand Machine Tool common. —5
Feb
com..—
Jan
4% Aug
16-% Jan
14%
Brewers
Jun
of Amer
Jan
13%
500
•
Stewart-Warner.
24%
Container Corp
40% May
33%
100
200
common
Works
■/'
500
'
200
common.——.—— ...2
Oil
117%
50
Aug
<
Jun
23
—
Common
Jan
partic pfd
108
' 5
pfd_____J—
Mills
May
19%
50
common...
Aug
'
8%-Mar
Jan
86%
—1
Jun
18% Mar
,98
150
400
37%
4%
5
—
Jan
vtc
50
Jan
21%
'
.
capital—
..20.
Dredge ipfd__——
Apr
11%
Jan
448
23
37
19'A
37%
1
common.—...
7%
22
..50
131
333/4
49
102% 103%
102%
...»
Feb
200
1,450
128
..10
—
Nat Stockyards
3%
——
'
17% Aug
11% May
7%
capital
Lathe
Spiegel? «Inc
Sterling
1
250
48
_.V
.100
A
common—
/•"Southwest G & E 5%
Standard
July
17%
128
128
5
Corp
Bend
16%
Co Inc
>:
290
(new)
Sinclair Oil
800
(The)
200
12-:
Corp class B common—
Common
1,700
gColeman
;
Signode Steel Strap—
Standard
I
] I
27%
Co common—.
Schwitzer Cummins capital—.
Sears Roebuck
&
Co capital
i St Louis
|
J.
Aug
42%
Electric
Sangamo
68%
Jan
36%
44
B_.__
Car
Hosiery
6%
.
s
••
*
com
500
700
Aug
4"% Aug
2% Mar
4%
68%
14%
...—;
RR
Packing
201/4
Co
,
.1110
common
Uten
55% May
35%
pfd
7%
Raytheon Mfg Co 6%
6%
Co
14
Jan
41%
Wieboldt Stores Inc common
63%
Jan
48'/a
capital
class
Apr
27% Mar
'
100
10%
10
4%
common
(The)
(The)
Steel
Serrick
50
66%
common-
common
Elec
&
class
Co
Rollins
14
54%
1
|
|
I
; I
14% May
Jan
12
14
—J.—
Co
Co
193/4
Service
Aluminum
15%
common
Inc
Car
Switch
6%
Club
Jan
2% Jan
common
Aug
20%
21% Mar
200
59JA
42
pfd
conv
-
58%
*
preferred-
Chicago Towel Co
Cities
10%
2,150 /
Jan
4,500
118
24
Chicago Flexible Shaft common....
Chicago & North Western Ry—
V
2,400
3%
July
33/4
16,
19% May
"30
17
common—
Jun
Aug
32
118
;
8%
42
105
30%
145
May
33% Aug
13% Jan
4
Gas
preferred
Rath
"
32
Apr
19%
t'/•
—
Apr
44% Aug
Jan
42
7%
105
*
7%
40
8%
42
10
Mar
9V4
•
pfd
10%
10%
Aug
7% Aug'
Feb
10O
20%
»
common
Convertible
15%
54%
Quaker Oats Co common
Utah
Chicago Corp
;
...
"
:<
//'• 7% Jan
7% Jan
30%
*
Belt
Aug
Utilities—
Gas
Elec
Potter
15% May
15% Ma;
550
32
20 Va
1
1500
preferred
Preferred
Central
31%
m
pfd
cony
2,000
—10
pfd—
common
Prior
8V4
$
5
common
Pub
8
9/4
—10
(A
350
44%
—1
common—_—
Illinois
1,450
53/8
X12 3/4
;>
Central
3,450
9%
•
Brothers
Castle
300
3'A
203/8
5
:
(E L)
300
V,
5%
32
T"'?
Wire class A pfd-
Common
Bruce Co
15
Corp common...Bancorp
common
Pen
South
1
Corp
(E J)
18 V*
8%
~
Mfg Co capital
Borg-Warner Corp common...
&
1
8%/
Z10:
Binks
Brach
'
Apr
Illinois
Pressed
-High
High
Jan
Jan
158%
3
»
common
common
10%
10%
500
5%
3
<
16%
9%
4
common
Co
Co
8,800
600
Low
Low
■250
-
93/8
9%
18
v
1
Co common—
Washer
v.
93/8
1
...
Aviation Corp (Delaware)
Berehoff
17%
180% 180%
__
5
T—
Athey Truss Wheel capital
Bfelden
10%
8%
9
...
10
capital.
Equipment: Corp common
8,850
7%
.*
common-
Poor
Range Since January 1
,.
,
14
17%
10%
Bearing common—
Allied Laboratories
High-
13%
13%
5
Advanced Alum Castings
Afo
Jun
8 3/4
X17%
Pennsyl'frnia
for Week
Shares
Range
of Prices
if
6%
Penn
Sales
-
Last
Sale Price
STOCKS
Armour
41%
14%
Peabody Coal Co class B com
Chicago Stock Exchange
American Tel &
1
100
3%
com
Co
preferred
Parker
Ball
46%
I
' 1
400
;.
West
Oklahoma
Aetna
Jan
1
Jun
110
15 /-
preferred—
6c
Ind
American
7c/o
Corp
Aug
.
44%
—.......—
Cylinder
Northwest
—12 %
Corp
Co
Co
Standard
Northern
—
Westinghouse Electric
Admiral
108 >/4
Jan
Aug
13%
12%
Ward
Noblitt-Sparks
*
—
Co—
D)
30
.
1
Jun
173/4
293/s
Jan
Jan
/
44%
—
National Pressure Cooker common—
National
North
Waldorf- System
44
Jan
13 y»
29%
vtc
common
...
Montgomery
Aug
46
preferred
Rubber
S
109 %
10
United Shoe Mach common
U B
Inc
Brewing
Common
21% Aug
21%
105
—
Co
Fruit
34%
18 3/s
108 J,4 108'A
Prod com.——.
capital
Corp
Chemical
Monroe
...
Drug Inc
United
50
50
,28%
>_]
common.—
Hart
Minneapolis
United
-
500
$1 prior preferred
——
Twist Drill—
Union
>
Machine
Assn
Webster
&
•:
15%
15%
common-
———
Mickelberry's Food
Shhwmut
.42
42
I-
common
preferred
Masonite
—
Hole
Button
Reece
Dredging Co
Field
4% %
Pennsylvania
High
/••./ Low
Mfg—
preferred;
•
Old Colony RR
Range Since January 1
High
_.—
—*
66% Aug,
A
33%
Jan
46
Apr
231
28 %'
42%
28%
36%
100
27
Jan
32
13
13
141
11%
Jan
13%
40%
Mar
Feb
"
lois
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4417
.Volume 162
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING
AUGUST 31
-
■
4
1
STOCKS—
■.
vv,:}/■}
Procter & Gamble—
U
B
—
of Prices
26%.
100
25
5%
27
Apr
July
5% July
181
3%
Feb
50
14%
Jan
20
19
19
May
50
6
43
Jan
50
jJ./
Hoover
Ball
.
19%
21%
213A
:—
*
L
Motor
Lock
Hurd
Aircraft
19
30
.
Jan
1—~—*
307
'
62%
Jan
713/4 Aug
130
713A'
19 y8
O
18 3/4
Jun
20%
106
28%
Jan
565/a
—
383/a
Jun
37% Jun
565/a
10
51%
Jan
56 Ya
127/a
'
Drug
__
1
_
2
Products
Screw
Michigan
127/s
30
127/a
Aug
,
12 Ya Aug
Steel
Michigan
Sugar
Range
Sale Price
common
Shares
City Ice & Fuel
;
—
—*
.Clark -/Controller'—-—1—1-'
1 Ya
-
Parke, Davis & Co
Wolverine
73/4
63A
Jan
50
53/a
Jan
80
20%
Jan
Tivoli
23 %
Jan
197/a
24%
Juri
Jan
94
Aug
18 %
Jan
5%
;
Jan
80%
90
Cleveland Cliffs Iron
Cliffs
preferred—
*
-5
i,:
Corp common
Apr
Electric
Rubber.1...
Faultless
*&
Halle
Co
Harbauer
Island
Kelley
23/a
600
1%
200
73/4
3,130
53/a
Jan
424
29 V4
Feb
25
181
233/4 Mar
18
4%
19 Ya
701-
13
Packer
Sfeiberling
B
Products, Inc.—
Tool
Unlisted—
t
■;
Oil
Steel
S
39 y2
39
common
Youngstown Steel
17%
IL
—
Jan
4%
43/a
4%
3Ya
class
■
32
4%
Jan
3,726
-
180 3/4 Aug
30
Jan
27
21
Jan
29
J
1%
1%
6'/a
6%
Jan
29
650 So.
16%
Jan
22
'
49
16
Aug
23%
Apr
Jan
40
20%
465
19% Aug
135
45
20%
a50% a51
a51% a53%
Aug
10%
Feb
Bandini Petroleum
Jan
53% Aug
a27% a27%
15
22%
a607/e a62 %
60'
Corp
Bros
Barker
55 VB
-a25 %
131
a25
a
Jan
20
;
a25%
Jan
39 %
235
10% alOVi
Broadway-Dept Store Inc
58
21%
Jun
32%
Jan
16%
,Aug
11%
8 % Mar
Jan
20%
Aug
Feb
486'
19%
Jan
26
Jan
72 Ya
Jun
26
Aug
Si; 60
20
Mar
2%
3
4%
5%
a26% a26%
—
81
•
Corp
New York Curb
Chicago Stock Exchange
pfd
& Co..
Lane-Wells
Co
90
—
—
Manufacturing Co
&
Edison
Detroit
Gray
.1
7%
—2
Motor
Wood
General
Goebel
Corp
17%
90
31%
2
10
—*
5%.
*
Truck
Industries
—
For
715
400
-
22%
1,597
2VA
2%
1,200
Vk'
17%
Jan
123/4
Aug
Rice
21Y4
Feb
Richfield
•12%
Jun
Ryan
2Y4
iy2 May
18
•
87/a
Jan
Jan
5% Aug
21Y4 Jan
1Y2
Jan
73/4
1,875
53/4
Jan
17%
1,519
15%
Jan
■
73/4
-
Jan
23% July
73/4 July
Sinclair
*
-
9%
Aug
Southern Calif Edison Co Ltd.
25
9 Ye
Aug
So
original pfd..
72 Ya
1,962
62S/a
"
Jan
4%
4Y4
625
33/4
Jan
11%
11%
123/a
8,072
53/4
Jan
25
preferred
Valley Brewing
_
__
1020.
see
43/4
1
page
>.1
P~
'
1%
36
1Y4
36
1%
100
100
34 Vt July
1Y4 Aug
6%
72% Aug
43/4 July
12 Ya
36
l3/4
Aug
Aug
Feb
So
25
preferred class B
Edison
Calif
5%%
Southern
Pacific
Standard
Oil
Sunray
Oil
Co
pfd C_,
Company-
of
Calif
Corporation
25
-
6%
225
15%
150
2,075
365
3%
16% Feb
45c
Jan
85c
Aug
19%
Jan
29 V4
Jun
3Y4
Jun
4%
Jun
2.95
12,542
4%
100
3% Aug
12c.
7%
55C
5,000
875
12,000
Mar
67/a July
J-an
13% Jan
-1.45 Jan
8c
Jan
6% Aug
29c
Apr
23c
Apr
9% Mar
75c
July
Jan
11% Aug
40%
660
34 y2
Jan
413A
57%
165
5iy2
Jan
59% July
52%
240
48%
Jan
53 Ya July
135
20
Feb
20% Aug
1
250
'8
7,550
67/8
5%
Jan
500
40c
"l Vs
40c
12
•
12%
1,526
7y8
1,730
€% May
500
20% Aug
«%
a21% a22%
a22%
49
49
49
a25'/4 a25%
8c
9c
9c
16
31%
16
15
16
15
30%
31%
10%
.
43
25% Aug
4c
__
14% Aug
210
11
26%
44
100
43
31 Va
31 Vz
477
30%
994
30
30%
30%
46%
514
40%
41%
6'A
2,990
6y8
Jan
189
1,470
500
8Y4
Jun
Jan
13% Mar
May
10
•>r
Jan
50
9,000
46
30%
413/4
Jan
41%
44
31 %
»
•
11%
7%
40c
—25
72%
17% Aug
375
al9% a21%
1
13 Ya May
Calif Edison
15% July
'
40'/a
7%
Jan
7
32 Vi May
52%
73/a Mar
1,130
'
95c
Jan
.57%
95/a Mar
9Y4
Apr
15 y8
11%
998
'9%
Jan
75c
31
49c
55c
*
Company
71 Ya July
53%
19%
7%
July
26 y8
57% Mar
152
200
11c
15
25
pil Corp
Aircraft
Jan
50% July
2.75
7%
1
Corp
16%
707/a Aug
-
1
*
Oil Corp
Trading
252
4%
*
30
Company
Sierra
Jan
350
77 %C 80c
1
common
Inc
Stores,
Safeway
Security
Shell Union
Jun
Corp
9% July
7% Aug
62'A
Feb
July
50
.!
67
a28% a30%
2.95
100
12
9Y4
71
Oil
1,246
360
80c
1
1
1
Co
16% Aug
26
a30%
1
Aeronautical Company
27/a July
17 %
Oil
Ranch
Jan
450
15%
1
10c
1
1
Republla Petroleum Co common
Feb
13
567
7%
70%
43'%
6%
*6%,
Aug
47
45c
17%
*21%
Feb
1
common
footnotes
150
12%
Western
23/4
Jan
30
Ccrp common—
Oil Corp
__-_._10
Pacific Lighting
Pacific
July
373/4 Mar
8%
Motors
conv
21
53/4
12
9%
3
1
Brewing
Grand
-
10%
3,610
2%
21
2
common
30c
16%
a56% a57%
40%
& Elec
11% Mar
25
*
25
—10
Products
Jan
3,050
77%C 80c
1
Jun
10%
43%
17%.
Jun
33
100
40c
67
92
Jun
15 Ya
7%
26
Jun
12% Mar
16%
a56%
29% July
16
27%
40c
*
*
Jan
Jan
May
71
406
11
70%
25 Y2
350
11
43%
A]£
Jan
26%
10%
330
31%
14%
Co
Pacific Indemnity Co
Solar
Finance
Graham-Paige
925
5%
23/a
Steel
47
223/s
5%
20
Irpn^
Michigan Stove
1,773
12
•'
10
common.
12%
2
2'/a
1
Range Sine* January 1
Low
High
250
453/4
—*>'''•'<
L.
23/a
12%
,
47
I—
Detroit
General
2%
Clay
Pacific Gas
High
Low
*
12%
—i—.i.
Detroit
Gar
Shares
X
Cleve -Navigation
Detroit
Federal
of Prices
Oil
Pacific
for Week
2%
Manufacturing..
Detroit
Range
Oceanic
-I
90
50c4
5
—1
—1
Pictures Corp
Nordon Corp Ltd
Northrop Aircraft Inc
Sales
Aug
150
—
Petroleum Co
Lincoln
123
Aug
750
*
10
Car Corp
Hupp Motor
Jan
16 %
29
•
Co
Hunt Bros Packing Co com
DETROIT
Jun
94
850
19%
15
—1
Co—
Car
Motor
Hudson
89
29
Rubber Co com
Holly Development
Mar
14%
"A" common
Hancock Oil Co
Associate
77
•
common
26 Ya Aug
26
14%
14%
•
Jan
Feb
250
123
19%
Jun
•5%
1.75 Jan
21
77
81
123
5% Aug
Jam
24%
1
Inc
class A
Television & Radio
McBean
Aug
a26%
Co, Ltd,
Paint
3
3
-*
Corp
Gladding,
Jun
1% Mar
4,110
100
Derrick & Equipment Co
General
>
1,480
5
America,
Corp
75
11,490
Douglas Aircraft Co
Dresser Industries
(new)
Motors
Apr
3,950
2%
*
of
25
5%
Preferred
Creameries
100
/:
60
5%
100
Jan
5%
30% May
26%
Corp.:
Investment
Central
10% Aug
Apr
Jan
4%
Chrysler Corporation
Consolidated Steel Corp
5%
3% Aug
17%
24%
—
1
High
875
26%
Co
Jackson
477
7,035
29
27%
;:T'5%
Electrical Products Corp—
Week's
: *.•
Low
4%
"3%
Jun
58%
80
a25% &26
••
Range Since January
10%
0%
4%
47% Aug
223
24%
24%
*
150
16% al7%
a70% -71 Ya
•
-
High
Low
1
com——..—•
Oil Corp
Chica
Bolsa
May
Byron
55%
-1'
Sales
Shares
Co
.30% May
Apr
37%
230
< t
for Week
common
.64
53% Mar
a46% a47%
-
6 Ya July
...
ANGELES—TRinity 4121
Week's
Aircraft Accessories
Jan
18%-Jan
Barnhart-Morrow
Sale Price
Paper
•
v
Range
Corp.——_^_^50c
1
.____*
Consolidated
1
24%
-7%
Last
Motors
•
of Prices
Far
39%
100
-
a53%
stocks—
100
9
9
Friday
McLaren
'•'
-4
Sale Price
53% Mar
July
Delroit Slock Exchange
Brown,-
V ''
,
Friday
450
24%
24%
24%
9%
15% al5%
a
'
Mar
Allen & Co., New York
•
1
Aug
Monogram
Continental
Mar
Last
V
2%
.Jan
Angeles Slock Exchange
Los
Jun
47%
39% Mar
/ *—1
17 Ya Aug
134
215
Spring Street—LOS
Aug
440
774
49
stocks—
Jun
44 Ya
13
Listed —Unlisted Issues
Menasco
Consolidated
37
30Q
1%
'
.
Lockheed Aircraft Corp
Briggs
375
17%
Jan
Feb
41
v
Jun
Apr
6% Aug
18%
22
Exchange
2:
Jan
July
Telephone: Randolph 5530
,
57/a
4%
Jun
May
2
>
127
Ford Building
Rubber
200
1,000
12% Aug
15
20 Ye
10
2,427
Detroit Stock Exchange
Baldwin
93/a May
6%
7Ya
S COMPLETE INVESTMENT
180% Aug
;
49
•
;
7
10 Ya
Jan
>>> 6%
Members
;■
53/4 Mar
800
1
Feb
300
17 Ya
-
[ 5
1,050
93/4
73/a
A
•
Goodyear Tire &
.
•;
Jan
4Ya
Jun
Watling, Lerchen & Co.
-
4Y» Aug
9%
7%
Direct Private Wire to
Garrett
Electric
Jan
Jan
6%
1
common.,.
General
.** '* ■"
2%
3%
fc 4
*
Products
rk:
Exeter Oil
.
•
41
Farnsworth
-
4%
1,050
.4% :;"L 7,917
57/8
'
Emsco
Allen
9 % May
Apr
11% July
Jan
22
.*.;
New York Stock
Jan
Jun
13 Y4 Mar
29
•
Door com—:
7
3
Jun
29
*
i
12%
200
9
Apr
Jan
■
•—.__*
common
Steel
Republic
Jan
27%
7%
6%
a
—
Jun
13
;
May
23%
100
6%
——*
♦
common __
674
14
33/a Aug
Jan
9% Mar
33
25
20%
20Y4
common.!.
Iron
N Y Central RR
Ohio
55
Jan
230
a26
*26
Jan
8%
315
123/s
'
52
937
'
32
:
Interlake
Jun
Feb
1
common
Cooler
Jan
1
Industrial. Rayon
4
9
Berkey & Gay Furniture Co..—.^..1
Blue
Diamond
Corp...—:
—2
General Electric common
U
'
.
17
9
56%
277
''
a37%'
180% 180%
Addressograph-Multigraph
.10
Firestone Tire & Rubber.:—__10
■
9'/a
32
Jan
75
136
15%
*
S & T com.—
3% May
1
.
common
Distributors
Feb
48
37% Aug
100
>»11% Tl%
32
"
.
__——
.<
2%
805
'
1
Feb
45
75-./:
53
9% '
,
,17
497/a
35
:
10
—*
Iron Works.____.__
Dorn
Youngstown
■
573/4
—___*.
Ohio
of
Oil
Thompson
.
>
IT
—•
Rubber
•
Standard
Vlchek
July
.19
.
22
Bros
Rlchman
200
4
13
1
Aug
:u 48
a5734.
a37 Y»
—*
.—_______
3%
1,098
,
Feb
65 y8
"9%
Pktterson-Sargent
Van
323/a
:
53%
35
Aug
43/a Aug
37/a
Aircraft
Warner
19 Ya
Jan
2% Jan
43/a
1
Wayne Screw
May
263/4 Mar
May
Jan
July
Acme..—
Corp
25
Apr
53
,/ 49%
49 Yb
-—-——1
Nat Refining common—
——1
—
-*
National Tile
National
22 3%
26
-100
7.%' pfd
''J:
Jan
Jun
73/4
33
3%
—-
>> 13
Radiator
Jun
3%
.:
'
S
AUg
33/a Mar
Feb
3%
3 Ya
313/4
Jun
4
19 3%
Jan
25
1
Brewing
Universal
13 %
7Ya
19%
3
Feb
23/4
250
313%
«*«*
Udylite Co
U
1,290
4
3%
'l
'
-
Feb
Aug
Jan
18 Y4
July
33/4
12 Y2
Jun
100
Paving Brick com—*
Metropolitan
10
73/4
168
37Ya ;37Y2
_10
——_*
Cement
Portland
Medusa-
v:;
.25
a57
—*
& T__—
L
<te Sessions..
Lamson
.
24% Mar
65
Jan
57
a307/s a307/8
"
—x
50
35
a637/a a65ya"
Laughlin—...1.——*
&
.
>25
~.
pfd.—.—L——x——50
—4—
_____*-'
Interlake Steamship
Jones
65
;
R Co.——
Bros.
a57/s
65
a5Ys
<;
___.5
Goodrich (B F) common——4—-*'
Goodyear* Tire & Rubber com.—'___*
Great Lakes Towing com—.100
Greif Bros Cooperage "A"___
*
T
General
.1,503
23
213/4
■
Cleveland
&
'
/
23
Navigation——5
Controller........--..-..--..*
Detroit
75
.
76c
Jan
32c
3,625
Apr
Preferred
r"
93%
Feb
12%
0
93%
13/4
Jan
Co
Pattern
Shirt
Jan
Jan
1%
1,295
9
73/4
•»
i
Manufacturing
United
Feb
7%
27/a
Feb
7% Feb
1Y2
53/4 Mar
100
•
"
1% May
200
4,650
17Y4
.....
«
Invest
Tube
Aug
2V8
2%
Rust-Proof
(H W)
Jun
5 Y4
3%
3 Ya
3%
33/4
-«M%»
»
Car
Parker
7Ya
Jan
150
71c
61c
1
Co
Motor
Standard
Bioh
Low
640
7%
a6%' ae'/a"
a21% a21>/2
22%22%-
—
1%
50c
10
Chemical
Packard
Simplicity
Range Since January 1
High
63/4
.J.—— 1
6
2'/a
__
Scotten-Dillon
for Week
Lout
Refractories
1%
57/a
15 y2 Aug
34 Va May
May
6
12%
Corp
Murray
Sheller
of Prices
.1 Last
Basic
1%
3-%
___1
__
Abrasives..
Mid-West
Rickel
Sales
Week's
Friday
7Ys
640
Tube
Michigan
Park
Feb
Cleveland Slock Exchange
Mfg.-LJ.—-~-»-----;-50c?
5%
71c
Casting
Die
Prudential
Akron Brass
5%
lYa
1
Peninsular Metal Products
stocks—
15%
,
—
McClanahan Oil common
Parker
'
12%
3,925
7%
-
1
Wines
LaSalle
Masco
8ya July
CO CO
———-—.—-
364
680
73/a
Jan
Jan
13%
32 Ya
6%
1%
1
Mfg
Jun
23%
Jan
Jan
4
128
24
May
207/a
42
'
7%'
7%
I>t-H CO
V~
273/4 Aug
Jan
23%
14%
'
■
High
Low
275
26 Ya
31%
V'.-.'l
«.«.
*
Car
&
*
—"
..
Bearing:
Roller
United
.
71%
;
——
Standard: Brands
Timken
7Y*
10
Motors '
Oil
Pure
*
*
—
Columbia Gas
General
2314
23% Aug
Jan
15%
417
23%
20
Fuel
&
Ice
21%
■'
Service
Cities
City
—25
Range Since January 1
5%
1;
Hosklns Mfg
Hudson
Kinsel
Rolling Mill
■
High
26 Ya
10
Bearing
&
Kingston Products common
UnlistedAmerican
Shares
Jun
5%
'
.—50
—-u.
for Week
Low
Far
Jun
62%
55Ys Mar
'
\
Sale Price
STOCKS—
High
50
!
—
*• ■'
.—;
Preferred
January 1
Low
No.
648
61%
26%
61Y*
Range Since
Low
Sales
;•
Range
of Prices
Last
<->•/:
Shares
59%
Week's
Friday
for Week
High
*"
:
—
Printing
S
Range
Par ;;
• *
A—
class
Class
Last
;
-.r-,
''
Randall
-Friday
Sale Pi-ice
'■
■;/
:
Sales
Week's
Jan
Jan
Jan
23%
Apr
51
Jun
273/4
17c
Feb
JUly
17% Mar
21
Jun
32
July
45
,
Feb
Jan
32%
Jan
Mar
31%
Jan
39 y8
Jan
57%
Jun
39
Jan
45 y*
Jun
6
Aug
7Y4
Jan
OTHER STOCK
RANGE FOR
Week's
'
Last
SSfoa*rS
22
10
Inc—
Lines
Air
'
■■■'
■.
10c
1
Mng Co
Co—
Cons
Cardinal Gold Mining
14% Jun
46 A Aug
20 V. Jan
25% Ma,
16 A Jan
2T
50
a25/a a25/a
v
8c
5c
8c
4c
—
—
.
■
.
•
£^--^-100
-
;•->——14
Anaconda Copper Mining Co_
50
Armour & Co (III)
5
A T & S F Ry Co
100
Aviation
Corporation
3
Corp
Viscose
1,075
185
647
20
620
9%
9%
1,195
a875A a89% •
130
8 T 8 % ;.y 678
12
42 /z
161
50 /2
29%
6%
77 A
53/b
&51 /g &52/s
180% 180%
a55
a55
33
33 A
——
—
—
9%
a88%
8%
General
¥*5
;
Jun
5(^/4
180%
50 h
36
Philco
*£
2nd
Corp
Aviation
Bethlehem Steel Corp
5
i
Boeing Airplane Co —1
5
(J I)
Case
Co..;
—
Caterpillar Tractor Co_
Co_>
Service
Cities
1
& Electric Corp—
Solvents Corp
.
Gas
Columbia
Commercial
Commonwealth & Southern Corp
Corp
Vultee Aircraft
Cons
;
Continental Motors Corp
Zellerbaoh Corp
Crown
L
Curtiss-Wright Corp
i
•
Class A
15%"
-
Co
General Electric
Iron
Interlake
Kennecott
-
-
—
Copper Corp
Libbv. McNeill & Llbby
-
Inc
Loew's.
Co
Oil
-
Pictures,
Paramount
Inc
Dodge Corp
Inc
Pullman
Oil
Pure
Radio
—
—
"
__
__
673A
25y4
all%
••
of America
16%>17%
7%
77A
a33V4 a34
37% 37%
27
27
7%
'
__
—
:
5y
__
—
v
15
24%
25%
al30y8
16%
26
175
200
446
890
525
.
25%
12%
25^
7A
: 22%
;
16%
5%
28y4
33%
26
260
3,530
140
- • 728
>
,
48JA Jan
22
Jan
9% Jan
,19% Jan
325
235
225
'
9% Jan
38 A Jan
140
113
23
1,857
Co
6s
*
101% Jan
13% Jan
Standard
al7%
a91% a957A
40%
127
127
40% 40%
•
•
-
447A 45 a37% a38%
a36
a367A
a59% a61% Aa28»A a29V2 1
a33% a34%
a5l% a53'A 'v^g
a43V4 a43'A
al7% al7%
a95%
•
Inc.—
Brands,
al29%al30%
15V2 16'A
447A
__
Standard
Oil
Co
(Ind)
25
Oil
Co
(N J)
25
v
—
Standard
—
Studebaker
Swift
s
Co_
&
;
Gulf Sulphur
Texaa
—
—
-1
Co
Texas
1
a34ya
1
Co
„
10
Tide Water Assoc Oil
•
a23%
25
25
Corp
188
220
223
160
63
12
17% Jan
26 %
2,645
28 Va
708
Carbide & Carbon Corp
Union
Pacific
Railroad
United
Air Lines
United
Aircraft
United
U
S
*
100
10
Company
Inc—
5
*
*
28
Inc
5
—
A
•
a47%
Corp
Corporation (Del)
Steel
Corp
Union
Western
;
Pictures
Bros
Warner
Tel
Co
2%
a36%
__
500
100
491
71%
;
265
150
215
a35
a367/a
24
24
a44% a45%
59% Jan
31% July
17% Jan
T
STOCKS—
Autocar-
Baldwin
Budd
Shares
Par
i
American Stores
♦
-
& Tel—
American, Tel
of Prices
Sale Price
11
100
Company common—.—
13
(E Gt
Mfg Co common
«
Budd Wheel Co
*
Plate
27y4 ' 29%
1,473
15%
16%
920
10y8 Jan
173/3
185/8
i30
10%
Jan
Chrysler Corp
;
Curtis. Pub Co
5
•
common
873
92% Jan
125% Aug
Jan
IT % Aug
__
125%
17
21%
150
22
121% 125%
17 »A
153/4
"
496
9JA
25
184Va
22%
30%
CANADIAN
RANGE
FOR
range
27 % May
32% Aug
39% May
19%
42%
66
6%
100
6 Va
Aug
10%
56%
7
42%
Feb
56% Aug
60 Va
152
57%
Jan
64 Va May
We regret the
1022.
delay in not being able to publish it until
Week's
Range
Shares
Friday
STOCKS—
Par
Abitibi'Power
6 %
&
Paper common
100
preferred
1%
Acadia-Atlantic
Preferred
Gas
Sugar
Apr
Jan
Jan
44%
45%
144
38%
Jan
18%
19 Va
1,558
13%
Jan
19% July
19%
100
18%
Jun
21% July
Week's
footnotes
•
59
162
63%
163
see
page
1020.
Jun
Mar
85
140
Jan
1,155
17
Aug
17% July
99 %
Aug
100% July
14 %c Apr
17%
17%
17%
99%
99%
105
9c
4,500
1.85
1.95
1,920
1.90
High
*5%
44
2,350
99%
1
Range Since January 1
2% Mar
7%c
Jan
1.25 Mar
63 %
170
2.35
3%
Jun
3%
•
Jun
Jun
47
Sales
Range
for Week
of Prices
Shares
Westinghouse
Range Since January 1
16
Jan
106
4%
5%"
18%
16%
Jun
8 % July
Jan
5%
-
v34% Mar
Jan
114
480
Apr
7%
24%
5%
Jan
13
60
24%
High
*
28%
220
33%
15%
;-
Low
High
33
Jun
25
6%
Feb
20
18%
Jan
22% Aug
13%
302
10%
Jan
15
10%
10%
293
9%
Feb
4'A
3,099
1%
Jan
4% July
45
118%
Jan
142% Aug
8% X 8%
270
6%
Jan
1%
1%
2,750
8
8
4
4
,
22%
13%
141% 142%
__
8%
33%
4%
■
12% Jun
9%
Jan
Feb
Aug
Jan
16% Aug
-4%
200
1% Jan
A
Feb
1%
10%
■
Jan
8
9%
4
July
90c
77
320
4
4
34%
-
16%:
15%
100
1%
i
5% July
4% July
Jan
38
34%
300
34
31% ; 33%
811
27% Mar
33% Aug
367
31% Aug
37% May
34%
35%
36
Jan
Apr
Unlisted Securities
St. Louis Listed and
Edward D. Jones & Co.
Established
Stock
York
1871
North 4th St., St. Louis 2, Missouri
300
Phone
Exchange
CEntral
Louis Stock Exchange
<
American
Bank
Inv
Range
3
Bldg
Equipt common
Mfg common
Century Electric Co
Shares
Low
31%
—10
8%
Coca-Cola
Brewing
1
Bottling common
Columbia
Electric
Emerson
Preferred
Falstaff
Brewing
&
S
D
Brew
1
*
Monarch
Gas
Steel
.
Light
5
com
common
—
common
,
4
"A"
—
1st
*
com.
—
Aug
Jun
May
Jan
5
23%
10
112
16
Mar
110
34
17%
14%
2
119
40%
preferred
__
Aluminum
1%
59
31
40%
Jan
-
14
260
11%
9%
5%
21
21
25%
22
20%
20%
14%
common
Wagner Electric common
_
July
Jan
23
July
19
Apr
25% Aug
30.
27%
Jan
36
Jun
17%
Jan
24
Jun
50
20
Aug
24
Jun
33
11%
Jan
15
May
9
•'
27%
Feb
40
July
154
14%
39
106'
106
106
79
100
106
106
106
14
14 Va
14%
15
39
14%
—15
Jan
23
20
6%
25
20%
38%
15% Aug
4% May
17% Jan
215
28
21%
Jun
15
415
25%
28
21%
'
Jun
34
Jan
25
.
Feb
42% Jun
Jan
855
r
Aug
20
'r.2% July
Feb
15%
Jan
41
•"
Feb
39%
14%
5%
28
25%
5
1
17%
Jan
23
70
Jan
113% May
Apr
345
Jun
16% July
24
Aug
5
112
100
preferred
Sterling
Mar
Jun
13%
6%
23% Aug
21
5%
25
10
3cruggs-V-B Inc common
2nd
25%
22%
9
13%
15%
14%
Serv
Mar
;
'
40%
1
Pub
10
16%
2
Missouri Portland Cement common- —29
8.33
National
Candy common
Louis
July
20%
Prod
McQuay-Norris common
Midwest Piping & Supply com
St
8
,
41
17%
common
Machine
July
30
common
Clay
35
16%
5
com—— .100
100
Brick
Mar
41
16%
•
com
common.—
Pressed
23%
30
380
24%
■
,23%
Aug
Jan
31
100
15
112
common
'
8%'
24%
_
__
Griesedieck-Western
Huttig
—4
common
—
_
10
Jan
4
100
31%
15
y 24%
—5
common—
High
Low
6
7%
250
;y£:
10
6
y ~e
'•
Range Since January 1
High
10
1
Burkart
,V.
for Week
of Prices
1
common
593
Exchange
Last
Sale Price
4S4:■ %>A::
7600
Bell Teletype SL
St. Louis Stock
':
„
'A'A:G
Chicago Stock Exch.
Chicago Board of Trade
New York Curb Exchange Associate
39%
558
105%
106
Jan
Aug
11%
Jan
35
Jan
>
106% May
106% May
14% Jun
41
May
LISTED MARKETS
AUGUST 31
Sale Price
STOCKS—
Sales
Week's
Range
for Week
Shares
of Prices
Aldermac
Aluminum
Ltd
Anglo
common
Canadian Oil
3,000
16
110
pfd.^100
'
1
1
Mining
Ashley Gold
Yellowknife
Mines
11c
5
101
10
120% 120%
105% 106%
85c
85c
t
105
9c
High
19c
20c
Mar
Jan
18% Jan
97
Feb
101
95
Jan
129%
Jun
Jan
107
Aug
100%
2,600
73c
3,500
89c
July
14% Feb
Low
60c
Jan
Aug
1.13 Mar
Ltd
66c
66c
70c
Jun
96c
24c
23c
25c
14,400
10c
Jan
31c
70C
65C
70c
36,900
27c
Mar
75o
Aug
30c
37c
II,200
28c
50c
May
7%c
9C
Aug
6%c Feb
21c
Mar
29c
Apr
————1
Astoria Quebec Mines
Aubelle
9c
15%
Feb
1
Gold
Armistice Gold
Atlas
9c
101
No.
12c
1
Porcuoine
Gold Mines
Arntfield
I,100
15%
100
—•
Co. of Canada 5%
Aquarius
Arjon
14c
*
Copper
Range since January 1
Low
14c
1
•
Consolidated—
Pacific
Alberta
Aluminium
Low
1,840
—100
*
!
Oil-
Ajax Oli & Gas
For
63%
4%
1% July
^
22%
*
Electric Corp com—12%
Preferred
High
4%
8%c
common
——
&
Low
4%
100
prefererd
Acme
*
Jan
%
7%
:
—
Algoma Steel common
for Week
of Prices
page
now.
Sales
Last
Sale Price
.
May
l'A
...
High
on
45
36% Jan
1%
24 V4
——j—
,
found
29 Va Mar
Jan
19
Last
17th, will be
Apr
923
33%
Westinghouse Air Brake
WEEK ENDING
Exchange
for the week ending: Aug:.
Jun
28%
32 V« Mar
Canadian Funds
NOTE—The
Jan
26%
I
266
Friday
Toronto Slock
Jan
%
1%
8
16%
18% Aug
-
Jan
24%
2%
1
Shamrock Oil & Gas com——i
—1'
Standard Steel Springs—
—
1
United States Glass common———1
Common vtc
1
Vanadium .Alloys Steel—-—i—
*•
Co
Renner
Landis
High
16%
808
21
486
Low
STOCKS—
Range Since January 1
29%
180 Va 182%
182 V*
41
37% Mar
19%
—25
•
Glass
Pittsburgh Screw & Bolt Corp—
Pittsburgh
Laclede
Mar
July
May
Jun
16%. Jun
13
40% May
270
'
Aug
17'/2 Jan
157 V2 Jan
16% Jan
24% Aug
21%
Jan
320
19
——1
Harbison Walker Refrac
*
Lone Star Gas.:
—10
Mountain Fuel Supply
10
National Fireproofing Corp
*
rl
■
Low
Jun
32%
32%
Brewing
Laclede
High
21(4
__
5c
Locomotive Works v t c
Low
Jun
8%
2%
*■;;>/--
St.
45y4 May
*
Jun
11>A
Jan
44%
5
Brewing ;
Lactede-Christv
'■:
17%
Jan
5'A
23%
*
Electric common
Gas &
Pitt
Knapp
Sales
for Week
Jan
7 V4
2%
*
Range
6%
700
2%
Members
Philadelphia Stock Exchange
Week's
369
1,423
Feb
%
*
International Shoe common.
Last
Jun
39'/a
Sale Price
Preferred
Friday
16%
2%
10
Co
Biaw-Knox
Hydraulic
||1|
Jan
2%
,—13%
Ludlum Steel-.
Allegheny
Jun *
May
Jun
37% May
25% July
'
Jan
41
12(4
56%
Par
Feb-j;
17'/2 Aug
49y8 Jun
13% Apr
44% Jan
2,342
Aug
Jan
Jun
71% Aug
lx/4 Jan
•
72% Aug
6%
STOCKS—
Fort
92% May
July
129%
40»/2
32 y4
3
Jan
32%
Friday
Duquesne
,43y2 Aug
20
Mar
-
62
41%
*
29%, May
117V2 Jan
33% Feb
28
Apr
150
100
17V2
a47% a47% .i:'
a45%
j.
84!/4 Apr
260
100
140
2%
69%
17V2
—
1
_10
;
(F W)
' '
28
28
71%
—12%
Westinghouse Elec & Mfg Co
Willys-Overland Motors, Inc
Woolworth Company
;
2,237
23%
Par
Union
Jun
51
38%
32 Vs
:.-.rA;.^. Last
*.
Columbia
34% Jun
55
Apr
.
25 %
27%
Va
22%
Pittsburgh Stock Exchange
52y* Jun
35% Jun,
39
Jun
62
Apr
39% Mar
80
35ft
J
common
preferred
Improvement
108% May
17% Apr
34% Jan 5 .
29% Jan
35 >A Jan ,
57% Jan
187A Jan
31'A Mar f
49% Jan
39'/a
26
com-------—-25
Corp
New
Roebuck
Sears,
Socony-Vacuura Oil Co
Southern Railway Company—
38 V*
High
■,
Jan
43% Aug
566
59
Aug
26
2,544
28
—-——25
53% Jun
20% Mar
16y8 Aug-
19% Jan
222
857
525
V ' 31
*
48(4 Mar
17% Jan
10Va Jan
g 1,035
f;
37%
38 V*
-
Westmoreland Inc
Jun
Mar
May
Jun
Jun
20%
7%
33%
40»A
29
35%
•
——
United Gas
15 % July
47
45v'v; Jtliy-.x
65
Aug, <
12% Aug ,
52 A Apr A11/a Jun
353A Jun '
31 May
: • 39% Apr i
, t > 9% Apr ^
^28% May
67% Aug
-32% Jun ?
14 July j
26
Jun
Aug
Jan
Mar
Jan
Mar
7'/a
37%
25
—
;
Corp
United
38% Jun
42 A Jun
19% Jun':
42 May
6<L Jun
23 A Jun
8 July
18 A July
31% May
,
40 /a Mar
54% Jan
5 A Jan
:";50y4 Jan
93A Jan
30
Jan
187A Jan
4 35% Mar
7% Jan
25% July
290
^
a53% a56%
al8% al8%
15% 16'A
•
•
4
.
25V4 25'A
al03A all%
26
26
•
-
Corp
Republic Steel
,,
67% 67%
*
Co
Corp
„
1 "
50
25
i,
Pennsylvania Railroad Co
Phelps
400
47
418
a457A
70
65
375
12%
4,027
a51% V-^: 239
103A
115
14%
a333A a33%
26ya 26%
a373A a38%
9
9%
27
27%
__
?,
Co—
Car
a45%
64V4
ll5/8
a49%
103A
.—I
Company—.
Motor
—
-
—
*
•
•
•
7
•
1
10
Aviation Inc
American
Ohio
47
—
•
American
North
Packard
—
•
Montgomery Ward & Co, Inc
New
York Central RR
North
14%
12
aSlTA
& Tel Corp..
34% Jan
.
A-
—1
;
Corp
Int'l Nickei Co of Canada.
Int'l Tel
—
pfd_—;
Co
Ry
Northern
—
a45%
Graham-Paige Motors Corp—
Great
—
•
——•
,
Co-—
F)
(B
<
*
,
Corp.
Foods
General
Goodrich
•
—
5
Electric Bond & Share Co
•
.
*
—
,25
a30%
* / —
—1
a23%
1
—
>
5
__
1
—
1 v:
Co—
Edison
Commonwealth
16
11%
6%
common—
r Preferred
$3
12
10%
50
Corp
Invest
Transit
49%-Aug
83 A Aug
27% Jum
11
6%
^
common.
Oil
Paper
Oil
24% Feb
.
a43% a44%
97
39 A Apr
15% 15s/a> ,7>. 516 * 10% Jan
41% 41 Va
150
39'A Jan
a665/a a66%
15 :; ; 48'A Jan
al9%. a20
30
20% Feb
7%. 7% /.y 180
4% Jan
al7% al7% •.
140
16 ,4 Jan
a30sA a305A
35
29% Mar
,
l3/a
1%
L410
—Feb '
a213A a23%
181
18
Jan
12 „• 12%yy 515
9
Jan
25 > 25
875
21 Mar
6% > 6% uy 240
5 A Jan
al9% a20% y,f 60
19 % Jan r,
a44% ""
25
25
•
.-10
•
Borg-Warner Corp
2.
Canadian Pacific Railway Co—
48% July
68 A Jan
17 A Jan
Co
Dome
Scott
30%£,u?
,
17% Jan
a39% a40% yy. 100
^15
Company
Borden
240
545
237
55'A
813A 833A
: a23% a23%
54 Va
5 7/ 55%.
•
833A
,i
20
20
5
Co
Oil
Ttarnsrtall
Aug
2!Y
13%
preferred
Salt
Sun
12%
Corp
Reading
Jun
Jun
10% July
98' Apr
9% Jun
72%
11 Va
60
50
Manufacturing
Philadelphia Electric Co common
$1 preference common
Phila Elec Power 8% pfd
70%
12
——-*
Salt
Penna
16% Aug
Jan
J&n
Feb
Jun
Jan
Jan
Jan
Jan
330
a28% a29%
a29%
Locomotive Works vtc——.13
Bendix
Corp
48 Va.
13'/a
"
Light
6c
Pennsylvania RR
9c May
48%
-*
"0
Navigation
low
16 %
2,080
21%
46%
72
-•
Lehigh VaPey RR
National Power
Range Since January 1
High
20%
Motors
Lehigh Coal &
Jun
Low
13%
Storage Battery—
Electric
.
Baldwin
Shares
'
Par
Light
Power &
Delaware
■
J?
2 Ac Jan
12,000
16%
16%
16%
Stan San Corp
♦
& R6finin£f Co—.———
Sinsltintj
for Week
'
,
,
:
Stocks—
Unlisted
Amer Rad &
Amer
ll3,
—
STOCKS—
Pennroad
Black"1 Mammoth
Amer
2 351
■
High
Low
1()% Mar :
28
reo,,
107
■'.;':yyy
' :
.
—
*■
Universal Consol Oil Co—
Western
Sale*
Range
of Prices
Friday
No.
71,827
21%. 22%
5
Air Inc
Western
&
Transron
Week's
Last
Sale Price
%
Range since January 1
Low
-1^%
a47% a48%
12%
13
2
Corporation
AUGUST 31
',7
.
Shares
High
Par
Transamerlca
EXCHANGES
WEEK ENDING
for Week
of Prices
Sale Price
STOCKS
Sales
Rature
Friday
v
Monday, September 3, 1945
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1016
Mines—
-
-
5,500
1
1
19c
15c
19c
52,450
15c
52c
50c
58c
3,700
41c
Jun
—1
60C
50c
60c
171,800
35c
Mar
July
May
Apg
1.03 May
80c
Aor
THE COMMERCIAL &
Number 4417
.Volume 162
1017
FINANCIAL CHRONICLE
LISTED MARKETS
CANADIAN
WEEK ENDING AUGUST 31
EANGE FOR
Week's
Sales
Last
Range
for Week
Sale Price
of Prices
Shares
Friday
STOCKS—
Par
Delnite Mines 7————
Canadian Listed and Unlisted Securities
Nickel
Denison
Distillers
Dominion
MEMBERS
TORONTO
THE
STOCK
7c
500
3%c Feb
63
585
42%
Feb
65
Jun
925
25'A July
29
Jun
—10
22
22
22
210
18
23% July
———25
35
13
13%
£
V.
28%
28%
"'■£
*
27
26%
27
350
*
preferred——100
Inv preferred
—50
8%
8
8%
565
100% 100%
10
.25
9%
_,
„—
Dairies
Foundries
Magnesium
Dominion
Scottish
Steel
Dominion
Week's
Sales
Last
Range
for Week
High
1.22
1.15
1.25
14,000
Geld
1
Mines
* 3.95
3.94
4.00
1,083
Apr
East
Amphi
4.25
Jan
East
Crest
1
Mines
Bagamac
bank ol
Bank of
Nova
Mines
Montreal
Scotia
128,270
46c
37c
45c
1
19'/a
May
East
20
28%
29
..£
.
Bathurst
Class
Bear
i
—
i
-
—
class
Power
—10
A
__
*
—*
16%
*
Toronto
of
Base Metals
—
-
.
B
Exploration
29 %
15 %c
16
3'/4
•
20
Aug
Elder
26% Mar
30
Jan
Eldona
1
Beattie Gold Mines Ltd
1,47
1.41
1.57
1.63
1.58
27% May
1.65
;.
■
Class
_*
—.
B
17%
Jun
Fanny
Apr
4%
Jun
Federal
1.22
Jun
2.35
Feb
Blue
—_
1,200
1.11
39c
6,400
85c
19,000
30
Apr
172
98c
38c
37c
12
50
—
12
52
205
52
>
10
5
July
55c
Gold
1
Mines
Bonville Gold Mines
Bralorne
Mines,
Branti'ord
20c
■
39c
—
16%
40c
16%
26%
25%
V
V
—
10%
2.50 Mar
1
1.15
1.25
15,600
22c
Jan
2.40
Apr
41c
3,600
40c
July
47c
Aug
♦
10 %c
10c 10 %c
17,200
10c
July
21c
Apr
1
2.85
2.80
2.95
8,650
1
3.95
3.75
4.25
16,600
British
Oil
American
•
Dominion Oil
Broulan
37%
class A
British Columbia Power
British
Gold
V 60c
60c V
1.50
1.50
•
6.15
36c
5.90
36c
1.65
6.15 V
41c
•
Canadian Gold Mines—
Building
24
—
Products
.
12
Jan
52
.:
common
Cb
Foundation
i
Frobisher
Giant Yellowknife Gold Mines
Gillies Lake-Porcupine
5%-preferred
Steel
General
22 %
,
Feb
28% Aug
Glenora
8%
Feb
11
God's Lake
25%
23% Aug
25
Jun.
Apr
27
95c
78c
July
6.50
Jun
Jan
65c
24
Jan
13
23c
7,565
20 %c Aug
1.72 Aug
Class
A
B
50
Canada
*
Cement common-
Malting
—
Northern
Canada
Preferred
class
Bank
Breweries
&
Car
preferred
——
Fdry
Preferred
Canadian
—
Prod—
Food
Canadian
Industrial
Canadian
Canadian
_♦
Oils
com
31
•
Vl.00
Ship Building class B—_*
Canadian
17%
8
/
Canadian
Halliwell
12%
5%
95
175
Jan
:
17%
105 %
May
Gold
Castle
Mar
Jun
Gold
Mines
Patricia
Porcupine Mines
Chartered Trust
Chateau
5
——*
Wines
Gai
Research
Chemical
115
4%
_____100
_—
Chesterville Larder Lake Gold Mines—1
Circle
Bar
*
Knitting
1
Malartic Mines—
Citralam
;
30c
1.76
1.
-
1.76 £
£££_.£:■'' 17
32c
29%c
Jan
55
Aug
15%
Apr
20
Aug
Hinde
25%
Feb
Gold
Willans
Cochenour
Plow
—1
....
V
75c
*
Ltd
Commoil
5.30
14%
_•
—
Commonwealth
.
5
1•
Mines—
1*%
83c
26c
V l.68
20% Aug
Home
Apr
14%
Jun
Homer
Apr
32'A
Bakeries
*x 45%
Jan
58
Jan
176
July
6%
16
70c
75
Consolidated
Mining
Consumers Gas
Conwest
Jun
1.35
Jan
Cosmos
Oroinor
Crow's
Pershing MinesNest Pass
Crowshore
Cub
Aircraft
Davis
Leather
class
1.80
Jan
1.00
Jan
2.90
Jan
5,550
1.89
12 %c
Jan
105
2.95
33c
120
Feb
4
Mar
25c
Mar
60c
26c
Jun
75c
Apr
Oil
-V
5%
20
6
A—.
Class B
Fnr
footnotes
see
page
1020.
--
5'/a
Jan
Jason
5.50 Aug
Kelvin a tor
500
35c
127a
Jan
35
Aug
22 %c
Jan
54c
Apr
•
IP/4
11%
12
1,040
8%
Jan
32% July
3
3
♦
*
—*
1
14c
13c
16c
47,600
5c
Apr
24c
7%c
6'Ac
7'Ac
14,500
3c
Jan
15c
Aor
7%
7%
225
6%
Feb
9
Jun
17%
17%
12c
16,500
5%o Jan
15c
36c
34c
37c
41,200
20c
65c
1.73
1.65
1.75
13,675
54'Ac
78c
66c
78c
24,900
41c 49 %c
224,650
lie
1.* i
43
July
40
41%
81
38%
Feb
yoc
6,5ud
60c
Jun
1.12 July
—*
1.90
1.85
1.90
1,680
60c
Apr
2.10
28%
28%
287a
445
12 %
12
12 %
722
28% Aug
11% Aug
Jun
31% July
13
July
19%
12%
12%
1,820
3.55
3.70
8,485
34c
40c
34,500
25c
11c
9%c
11c
11,000
3%c Jan
70c
67c
78c
34,900
2 71/2 c
Apr
44c
45c
5,040
3"4c
Jan
49c
1,025
30
Jan
25
20
May
35% Feb
35
Jun
35
Jan
18
10% Jan
3.05
Jan
Mar
20
July
13% May
4.30 Mar
43c
Apr
17 7aC May
1.09
Apr
Aug
30%
31'A
27
27
27
27
5
19%
Apr
34%
17%
17%
100
15 %
Jan
17% Aug
15%
15
15%
4,930
Jan
16%
13%
13%
13%
680
12
Aug
137a July
7
Mar
8
Jan
8
Jan
10
Aug
71c
Jan
31
——-
*
ordinary_5
7%
25
9%
9%
485
1.05
1.00
1.05
2,900
27%
27
28 %
475
101
7%
——-£1
6
1
13%
22%
Feb
1.40
30
Jun
Jun
ADr
July
101
140
101
Aug
101% Aug
112% 112V2
15
111
Apr
313% Aug
101
37%
36'A
37%
2,357
ji%
Jan
39 Ve
21%
21%
22 %
4,200
21%
Jan
24'/a Mar
Jun
3.55 Aug
1.61
1.56
1.80
26,100
90c
25c
24c
25c
Jun
Feb
18c
Jan
13c
49c
49c
51c
10,708
12c
11c
12c
7,000
67c
78c
92,100
13%
13%
680
—~—
_—*
—-—1
—
_1
1
1
1
—*
i
1
22
—
—
Townsite
—
——
(John)
—
Explorations
&
Mines.
28
2.10
12,900
1.45
1.54
10,425
33c
35c
10,000
122
22%
930
4.70
4.80
1,400
1,20
1.29
9,500
1.20
Candy
■
7,500
—
—:
—*
*
—_— 1
—1
3
A-or
Jun
1.35 May
13% Aug
%
50c
1.00
59c
Jun
Apr
35c
29%
Jun
Jan
15%
Jun
July
Mar
Jan
2.25 Aug
1.57 Aug
May
14c
Jan
40C
22
Jun
23% July
2.35
Jan
1.05 Mar
12c
Jun
Jan
13C
21
21
483
17%
6.50
6.75
200
6.25 Jun
7-75
——_—*
——
Apr
July
Aug
11
1.98
18c
13
18
33c
60c
55c
7,591
1.54
;
Jan
Jan
12c
Lapaska Mines
record
;
2.00
3
Mines—
Gold Mines
Lang & Sons—
Lapa Cadillac
14'A
28c
5'Ac
100
28
13
8.00
1,120
6.15
15%
—
Ltd
Lamaque
2,700
38c 40%c
39C
13%
—
Ltd
Fortune Gold Mines.
Laura
Apr
19
•
—*
Lake Dufault Mines
Luz
65c
14%c Feb
3.65
—..—1
3
-1
paid——
—
Laorador. Mining
La
Apr
10c July
May
12%
1.92 Mar
8uo
20c
Apr
87c
12c
Jar.
5>oc
Jan
38c
Gold Mines—
Lake
Shore
43'/2c
Apr
1.94 Aug
11c
Co
Kerr-Addison
Lake
Jan
12c
*
:
Kirkland Hudson
Lake
3,000
Mar
Jun
39c
Kirxland
Aug
8'/a
1.05 Aug
Jan
Jun
Mar
17% Aug
Jan
Apr
70c
Apr
Apr
Aug
2.09
27
Jun
65/a
68c
3c
2.25
Jan
16
10c
85c
Aug
12,100
23c
Jan
1.45 Aug
.750
87c
1,200
Jun
58c
8
85c
4,500
Jan
23
130
7%
86c
Apr
7,850
1.45
61,000
Feb
150
22,200
14c
1.33
70c
1.1
143/4
6'Ac
l,4t)0
58c
Jun
5% Aug
6c
4,600
63c
l.bi
30%
12%C
2.00
Labatt
Mar
26% May
15
(Ottawa)
Journal Pub
Aug
Feb
Jun
Apr
6
40c
/78c
26c
1.60 Mar
307»
14
11 %C
—
Jan
70% May
23c
Apr
6c
Mines
23c
149 %
Jan
4%
40c
Quebec
500
.
Mar
11c
23
40c
—
Kayrand Mining
Jun
Mar
14%
Jun
Jan
57
—-1
Aug
May
Aug
53'A Mar
—1
Mines
Jellicoe
Jun
107
—————————1
Jacola Mines
.
1.36 Mdy
10c
Apr
90
—>—.—*
*
——.———1
83c
16
%"'
23 %C Aug
5'/a
Gold Mines-
15
May
5
/
Jan
•
*
common
—
Jan
Aug
Jun
29%
——
12% May
1.00
44c
5%
—
20%
43c
49
July
49c
13,500
F40
142
26c
295/e
"
Mines
38,226
165
4,350
-
Jack Waite
Feb
Aug
2,100
Apr
38c
900
Ltd
Mines
& Erie
Jacknife
Mar
2.42
2,441
Mar
87c
150
Aug
17
145
14c
Jun
1,000
*
•
International Uranium Mining——!
5% July
Jan
1.35
Jan
17C
International Nickel Co commons
International Petroleum
Aug
Jun
144
4c
65c
32c
£
International Metals class A
*
4%% preferred .—————-—,-100
International Milling 4% pd—
100
May
1.50
14
May
8,500
21,000
29'/a
(John) ——
Inspiration Min & Devel
Apr
14%
2.94
58c
10c
75c
29
*
Bridge
Preferred
1.50 Aug
Jan
20,800
Apr
69c
29
Aug
.*
——
20,000
May
17C
8
*
—:
34c
Mar
35c
210
Jan
Jun
.
32c
85c
55%
x
July
;
25c
55
Imperial Tobacco of Canada
21
1
;
150
V 2,iuu
2,300
25C
•24c
Jan
Jan
10c
^
Huron
25 % May
b.yoo
Jun
25C
Jan
55
Imperial
1.25
__
26 %c
33/»c
107
Jun
__
»
100
27c
21 Vic
3.600
--
Jau
1
Gold
13,650
28c
35
Jun
1.25
-
Coal
Patricia
107,900
50c
Jan
Mar
Jan
107
5%
•
Mining-.
14c 20 %c
47c
Aug
11%
9o
106
29
___1
Imperial Mills—
Cournor
17,500
3
common—*
5o
21
22
70%
21c
Jan
Jan
Jan
68%
Feb
•19% Aug"
Jan
Jan
Jan
70%
20c
3c
19
*
5
.
—.
Mar
6.50 Mar
»9c
Gold
daSS
Jun
35
Mar
100
& Smelting-
(Toronto)
Exploration
Feb
103
May
15
83c
11%
205
97
32c
Yellowknife
Howey
July
10%
Feb
16
15%
35
255
6,005
26,500
Mines
Hudson Bay Mining & Smelting
Hunts Ltd class A—
—
25% Aug
20%
14%
V'£
103
18,050
Homestead Oil & Gas
Hosco Gold Mines
Jun
158%
£15%
15%
—
July
77c
133/4 July
7.60
Jun
Kirkland
Consolidated
25
Apr
241,060
pfd vtc
Saddlery
1.70
48c
:
10JA
1.15
1—
1.65
48c
,
95
£
187a
■
—
1*
Consolidated Gold Mines.—5
Oil
*
10
100
•
13
8%c
Highwood-Sarcee Oil
& Dauch—
27%
1,000
13,200
5.40
x
18c
—_——————'*
2.00
*
Petroleum
Coniagas
Conlaurum
5.15
13%
73c
26c
1
Mines
Co_.
Lake
Coin
Jun
Jun
9.25
49c
Heva Cadillac
Joliet
Cocksnutt
Feb
7.20
•
Hollinger
23% Aug
17% Feb
25
33,700
1.50
25 % Aug
July
21c
Hasaga
44
7«»
20
115
5
30c
1.85
17
35c
6% July
4.80 Aug
103
Mines
Heath Gold Mines
Aug
Jun
200
24c
21
52c
2,750
18%
Aug
8
1.50
5
8,200
'
7.25
Harricana Gold Mines.
18 %
7%
2.75
—
127s
Harket Gold Mines
17
49% May
l
Trethewey
Central
—
60c
5.05
Julv
Jan
585
805
155
2,565
25
3.9"!
21
17
24%
2.55
1.50
2.75
26c
-£■£■
25
25
16c 23 %c
CarpetHard Rock Gold Mines—
Jan
74
9%
31
1.10
22
18
-
Jun
30
Jan
1.06
Harding
8
19% May
1
*
Boxes
Quartz
Central
17
v.;/:'
55c
—
Rubber
——
Gold
14
540
105
1
__1
Wirebound
Canadian
Cariboo
—
—*
£
—*
Hamilton Cotton
17% Aug
Apr
-
1,117
21
17
24%
2.50
1.23
2.69
24c
Corp
Wallpaper class B
t
May
24 3A
6VsC
Inglis
Canadian Tire
.
20
25
1.06
Wire__—
Hamilton
58
169
28
1.00
22
—
25
Ry
July
July
25%
9
*
common
11
35
24
72 £
A„•
*
Jan
Jun
17
£
3% May
6'/8c
Halcrow Swayze Mines
855
1,835
170
250
55
72%
———
Alcohol
24
20%
13%
31
5'A
1.00 May
30
905
4.80
Gypsum Lime & Alabastine
7%
169
58
-V 169
24%
Malartic
Pacific
30%
*
Locomotive
Canadian
31
*
——-
Canadian
Canadian
__
;
—100
common
L—
Dredge
55
20
18%
23 %
19%
13%
25
—
Celanese
Canadian
20
&
Paper
Gold
32%
670
14,045
2,410
1,380
52%
54
£"
24
30
Jun
Jun
24
20%
—*
common
—
July
56%
July
20
*
:
,
130
Apr
10
__•
common——
preferred—
Conv
preferred
Gunnar
28
16%"
•
Canners
1st
Greening
Aug
47
18%
Preferred
48%
Aug
Feb
118
78
Jan
18
■
23 %c
Mines
West
if 15
Feb
16
Tire
Preferred
Jun
9%
Jan
18
■
1
.1
Co
Mining
Apr
63
23
16%
1.15
24
29
35c
Common
Great
39%
•
Apr
25
4%
60c
1
Minings
Lakes
Great
Aug
104
110
45
75
_10
Gate
112
Jan
__
common—:
Aug
11%
__
Jun
15c
6% Mar
Aug
43 45%
24
24
9
9
105% 105%
*
78
Jan
1.15
1
-
Preferred
Apr
158 %
_i.y
Apr
5%c
——1
Mines.
;
Goodyear
2.40 Aug
87
337
_•
Commerce
5
110
30c
172
15%
17
65
^.
Arrow
Goodfish
Feb
125
480
590
—
60
9,200
July
10
35
17
———100
.
Canadian
Canadian
9%
33
16%
170
14%
33
•
-—50
common
Canadian
Canadian
40
1,345
20
50
—
common
B——
Bakeries
Preferred
New
■;
*
-
-
Wire
Canadian
—
100
Mortgage
Lines
Steamship
Canada
15
—
£
*
Permanent
Canada
■
*
Power
B
Class
y
•
.
class A
Packers
Canada
Canada
".
100
Preferred
Canada
4,000
75
75
13%
15
123% 124%
55
55
—
,,
73
.
•
:
—
Eagle
Grandoro
2.15
1.70 Jan
£ 1,100
'
422
110%
—100
Class
1.86
6
6
110 J 111
43% Aug
Jun
29%
1
Golden
Apr
21c
1.75
July
3
4%
1
Gold-
Golden Manitou Mines
Aug
10c
10%
—
31
35
995
70
-—1
Golden
Jan
Jan
20
1.78
Gold
May
Jan
3,500
—*
27% Mar
2,385
5
9%c 10 %c
9%c
—*
1
common
Mines Ltd
Goldhawk
Feb
18'A
1.83
——•
1,120
43%
.100
.
Wares
Gold
Goldcrest
Jun
1.65 Aug
Uun
5.00
8%c
1.75
Lake
Jun
5.40
40
4%
5.20
5.20
43%
73%c Jan
33 %c Aug
60c
Jun
*37% Aug
Apr
20%
1.77 ?
common
10'A Aug
Jan
*
Red
Jan
•
—
Feb
Calgary & Edmonton
Bread
8
85
25
*
Exploration
18
9,000
Campbell
5
;
27
12%
Canada
10'A
*
Jan
5%c
—
Apr
10'A
—
Gold
Francoeur
Jun
5c
1
Apr
2.23
•
26% Aug
12%
-
Apr
Jan
1.20
16c
■—1*
Jun
5%c
_
53c
—100
__
class A
Canada
of
Co
Apr
12%
Calmont Oils
Apr
27,000
370,112
—*
—.
—
—
Mar
•
: i
Aug
25
14
85c
85c
1
Mining..—
67c
*
•
6.75 May
65c
100
Kirkland
45c
Burlington Steel
Hill
Mar
38c
Aug
3 'Ac
Bunker
3.05 May
80c
24'A
*
Preferred
Aug
235
24
23
Jan
2.26
85c
*
1
Mines..
Shops
32c
6,900
1,550
26,266
60c
Jun
70c
Candy
Jan
5.600
1
1
*
7%
1
14%
2,166
160
160
25,300
25
37%
23
36c
•
Mines
Buffalo Ankerite Gold MinesBuffalo
35c
•
Porcupine Mines, Ltd
Buffadison
24
35%
22%
33 %c
25
•
.
Columbia :Packers^
40c
41c
I
Goldalc Mine
British
11
1.21
35c
200
25
5
25
Light & Pwr com
Distillers
18 % July
Jan
Jan
Jan
40
3,133
10%
•
16%
26%
25
Jan
98c
12c
7,500
1,500
1,045
13
500
25,600
15%c
12,250
30c
-•
—
Cordage
&
18c
27c
-1
,
Ltd—
Brazilian Traction
Brewers
19c
30c
80
10
common
Aircraft
Ford
May
Mar
50
1
Bobjo Mines Ltd
Jun
1.20
Gatineau Power common
Bonetal
19'/e
17%
Co
Nickel
Grain
Fleury-Bissell
1.46 Jim
;
Aor
t
Jan
'
Feb
1.30
Jan
14
9%
25
Farmer
Federai
July
30c
;£ 98c
.—
preferred
Feb
161
171
...
Jun
730
1.10
July
Jan
90c
—0
Hats
Ribbon
1.05
1
Gola
Bldgood Klrkiand
Biltmore
171
1.00
i
Gold
Bevcourt
29
169%
1.05 V
1
40%
12
16%
Preferred
1.90 May
Feb
22 %
30
29
—
100
—
29%
5
39 %
170%
♦
,j,
Bell Telephone of Canada—
Berens River-Mines
39%
—£
: v
Mar
1.20
*
Falconbridge
Jan
Fleet
Beatty Bros class A
7
35%
20
16%
Mines
Gold
3
1.55 Mar
44
840
.
.
10
Gold
14
26,050
::16,907
Apr
10
Jan
24 %c Mar
12 %c May
Aug
44
9%
17'A
Eastern Steel
Apr
200
4,700
103
40
29%
16c
16%
314 £
1
Radium
&
~
Mar
16%
Equitable Life
Bank
102
1
22'Ac Apr
16%
30%
Jan
100
•
Mines
Sullivan
10%cJun
340
19%
Jun
8% July
7% July
—*
Oil—
730
9,800
14C15V2C
15c
10
10
Consolidated
Bankfield
60c
Jan
July
29
44
Gold Mines
East Malartic Mines.
13c
32
Apr
1
Mining
1.90
Jan
3.60
.
% Jun
Aug
25
11% May
10
common..'
Mines
Jan
74c
—
16
28 '/a
: ioo
"■
Feb
16%
—
Chemical
&
Tar
Duquesne
High
Low
Low
1
Par
Aumaque Gold Mines
Aunor
Shares
of Prices
Sale Price
STOCKS—
Donalda
Range Since January 1
B
class
Woollens common
Dominion
•
—_—
Stores
Dominion
Friday
Steel com—
&
Malting
Dominion
Toronto
LAKE—TIMMINS
Branches:—KIRKLAND
.
7c
preferred
Dominion
Cable Address:—"Dohroadco"
Telephone:—Waverley 7411
Mar
26%
Dominion
TORONTO 1, CANADA
13c
26
Dominion
293 BAY STREET,
'
2.00 May
Jan
61
Dominion
EXCHANGE
1.15
1,000
26
———
Dominion Coal preferred
DOHERTY ROADHOUSE & CO.
High
Low
1.55
common-
Ltd—
Bank
Range Since January 1
High
1.50
—1
Mines———,
Seagrams
Mines
Dome
Low
_1
:
5.15
Jun
1,76 Jun24 %C
Api
24% Mar
7.25
Jun
Jan
9.15 May
Jan :
18% July
22c
Apr
35c
Aug
18
18
80
14c
16c
17,565
9c
Jan
14 %C
29 %C
32c
8,600
25c
Jun
29%c
16%
16%
16%
770
15% July
17
Apr
.
MARKETS
31
CANADIAN LISTED
RANGE
WEEK ENDING AUGUST
FOR
Week's
Sale*
Last
Bangs
for Week
Sale Price
of Pricea
Shares
Friday
Sales
Week's
Friday
for
Last
Range
Sale Price
STOCKS—
of Prices
Lebel
1
———J
—
Lexinden
Lingman Lake Gold Mines
Little Long Lap Gold Mines
—•
Ltd
,
Loblaw Groceterias class
'
Class "B"
:
—•
Goldfields
-—--1
Lynx Yellowknife Gold;—————•
■
'
•
Louvicourt
McLellan Gold Mines—
20
'20 J/2
40
9C
10c
2,500
;
Lake
35c
13 J/4
1,057
8
3,135
22
Mar
10%
10%
85
106
106
20
641/2
65 J/4
345
1.55
1.63
89,500
8%
6J/2C
12,000
S/ 500
Jan
33c
38c
16
430
16
15J/2
14%c
14C
15C
61,800
6.30
6.25
6.35
5,930
22%c Jan
Apr
42c
;
v v
Aug
39c
Jan
16c
2,500
*
8c
'
May
Class
Mid-Continental Oil
.—•
Gas—
/
——•
Mining Corp —
Modern Container
common—•
Mqneta Porcupine
—.——I
Mosher Long
Lac—.
24
24
25
72c
75c
5,200
53c v Jan
1.10
Feb
22
560
20J/a Mar
24'%
Apr
13 J/4
28
5
20%
—————.——100
x_
:;J
21 J/4
225
21
National Steel Car.————'
National Trust
50
1,000
30c
Mar
Feb
15
,Aug
July
30
Jan
19c
22% Feb
Aug
29
Feb
IOJ/2C
Aug
17J/2 Mar
1,450
225
Jan
28
29
17c
28
*
<
12
17c
—
.
Jun
65%
-
20c
1,100
29
National Petroleum———.—25c
National Sewer class A
10,600
15
Jan
57
330
28c 29 J/2c
—..I
—•
62
61
22
Jun
Jan
225
Aug
185
1
Feb
1.85
Jan
J.26
1.71
1.67
1.75
8,200
New
Bidlamaque ————38c
36C
40c
16,600
36c
Aug
.;75c
Apr
New
Calumet
35C
35c
8,000
35c
Aug
35c
Aug
29c
Jun
64c
May
—1
Negus Mines
—1
Mines—
35c
Nib Yellowknife
1
Nipisslng Mines
5
Normetal
Mines
54 J/4
56
2,065
90C
96c
13,300
80c
July
10c
10c
1,000
7c
Jan
20c
Apr
10c 10 J/2 c
3,000
6J/2C
Jan
20c
Apr
3,780
64c
Feb
89c
-
26c
Orenada
16c
20,000
1.06
1.15
2,300
6
6
6 Via
615
5
'6
6
150
3 25
3.10
3.35
19,100
44c
41C
44C
3,025
12,600
22o
Jan
27,918
34c
Jan
-x-
V
31c
29c
31c
44c
—*
,38c
45c
7 j/4
/
7 y»
60c
—r
-i
—1
—
3.90
58c
39c
19,100
i
Jan
60c
July
Jan
5
100
27,697
7J/2C Aug
Refining———*
Page Hersey (new)
Pamour Porcupine Mines Ltd-———*
54c
45c
54c
22,500
44c
28
1.70
27 J/a
28
1.70
1.75
.>
Pacific Oil &
—,
.
Pandora Cadillac —————————I
—
8J/2c
paymaster Cons Mineq Ltd————I
84c
—-
24 J/2 C
Mining Co
Trust
Metals
55
12'%c 12'%c
1,700
5%
6
1.98
Jan
30
July
16'% May
22
Jun
27'%
♦
8c
3.50
3.95
6%
Jun
2.59
Jan
3%
12
75
21
22
1.41
Jan
Aug
32c
Apr
'>11.05 May
j.
3.40 Aug
5.10
Apr
Mar
79'%
Apr
69
12,000
3,800
22'% May
1.77 Mar
Apr
21
406
1.35
161% Mar
65c
975
70c
Jan
12c
,
6,600
3,915
79'%
65c
July
14c
Apr
1.85 Mar
2,218
124,800
12%
46'% Mar
July
July
40
7,400
12c 14J%C
Jun
61c
May
36c
95
1.93
1.20 Jan
1.63 Feb
i
Aug
79c
80c
88C
145
145
20
Aug
19
180
Jan
15'% May
145
18
19
July
20'%
22
850
18
Jan
22
Aug
101
101
105
99
' Feb
17'%c
19c
37,350
;
128
854
$1,000
17%
70
4.35
4.55
1,715
6,500
5.000
18c
13%
13%
34%
14
Jun
95
July
16
11 '/a
34%
45c
Apr
Apr
68% Jan
10%
40c
Feb
4lc
18
July
V
6
17%
17'/2C
101'%
Jan
8c
34%
Apr
Jun
5.00
3.30 Jan
May
Jun
65c
3%c Jan
25c
Feb
14
Jun
35c
725
9% Feb
$1,000
32'% Apr
:■
32c
i
common
Preferred
July
Canadian
Western Lumber——
—
Westinghouse ——;
Consolidated Paper —
—
1.37
4,200
10
V
1-70
1.60
IOJ/2
1:70
59
59
14
14 Vb
125
7,300
■Jil'M1:.
8
120
Apr
7.10 July
Dalhousie OH
Jun
1.01 Apr
AircraftDominion Bridge —
25c
Mar
181/2 Mar "
45c
May
22
Jun
98c
•
'
Jan
2.00 May
81c
Jan
1.65 May
7
Apr
1.15
Jan
12'%
1.98
Jun
Apr
48
Mar
60
Mar
13 J/2
Aug
,16
Mar
2.70
2.80
6,675
2.45
Jan
13
13
100
llJ/2
Apr
15
50c
53c
1,000
36c
Mar
60c
29c
6,100
15c
Feb
40c
7%
250
45
45'/a
Donnacona
Hayes Steel —
Humberstone Shoe
25'%
25%
:14%
15'%
210
11
Jan
2
15% July
Jan
.
4--
37/a
-1
-2
*
-•
550
-
May-
.
185
'
200
3,650
56'%
85
8
5,759
33c
4% May
2.25 May
56'% July
.
10%
Jun
40c
Jan
25
Jun
2% Mar
15
•
Jan
Jan
28c
55
33
-■, 15
33
3,274
9%-
8%
•
26V"4 July
\15'% July
50 'A Mar
32c
-*
*
-
1.65 Aug
55
145
Jun
75
9'% Mar
24
29
10
Feb
>37% Jun
12
Feb
11%
11%
650
19
20
190
Apr
15'% Feb
20
Aug
V 22
45
21
May
22
Aug
10
26
Jan
38
21'%
—
12%
38
13
4%C
4%c
1,870
2,000
56c
630
15,600
'1.90
2.00
2,000
1.74
50
38
Langley's Ltd pfd ——
—
Minnesota & Ontario Paper
Oil Selections
.:—
Osisko Lake
—
Pend Oreille
——
Stop & Shop—
4.15 July
45'% Jan
-
50
—4———
Aug
July
175
:—
;
Paper——
49
160
1.75
<
Aug
14% July
9%c Feb
11% July
3'%c Feb
24c
Feb
1.20 May
2.40
1.30 Jan
55c
Feb
7yac Jan
Jun
1.75 Aug
I
19c
Apr
Jan
7
,—
v
2.25 July
395
-
May
130
Apr
27c
2.79
3.45 May
—x
deHavilland
:
Aug
Apr
34
10
66%-
66
Jun
4.35 Jan
3,000
145
1.75
4.45
210
3,260
15'%" 15'%
Vinegars
Jan
70c
1,085
3%
High
61
50'% Aug
650
•
45
49
152'% 152'%
• 3'%
3%
1
RanfS Since January
Low
56
55%
56
*
L*
Dominion Sugar—
Week
Shares
of Prices
High
100
Marconi
for
Low
49
1
U-,
—
——
Mills
Silk
2.40 Jan
26,800
22
1.08
—.
—
Brown Co
Sales
Week's
152'%
100
Canadian
1.06
35'% May
Fonda
'Range
b
& Paper com—*
Canada
3,550
1.23
1.35
East Dome Mines-—-———i
Preston
43»%
—
*
—
Canada: &
88c
21 J/2
——1
——..
150
Sale Frlce
British Columbia Pulp
Preferred
Apr
Jan
30C
-1
———100
———
,
21%
Corporation
Pressed
19
/> Friday
Par
Jun
Feb
2,200
Premier Gold
19
9% Jun
Exchange-Curb Section
,
,
May
5c
1,780
—
STOCKS—
64c
37c
3,145
Premier
100
Apr
Feb
3.15
71% May
3,350
15,160
Apr
48c
1.40 Jun
30
12%
3.05
36'% May
24'%c Jan
44c
Last
44c
13,000
72c
—
2.12 Jun
173,167
6.30
Gold-..—r———1
Jun
29
85c
70c
Rouyn
Feb
67'%c Apr
8J/2C
6.00
6.10
Porcupine Reef Gold Mines
River Co.
——1
/;
•
Canadian
—
Powell
,
8'% July
18c
8c
1.55
—I
,
Jun
1.20
79c
4.35
Voting trust certificates—
1,000
19«350.
29c
1.57
Canadian
-
9% Mar
16c
1.42
Powell
Feb
9'%
•
Toronto Stock
Jan
8c
21,000
4.10
of B C—
Jan
28'%
34%
24'/2c Aug
33,993
-
1.50
Pioneer Gold Mines
90c
195
25'% May
—
Apr
Bruck
4.15
Mines
Jan
1.19
1,270
1
Gold
Porcupine Peninsular -———1
Power
28c
Aug
26 Va Aug
185
•
Gold Mines—-—.——-1
Pickle-Crow
300
30
Bonds—
Uchi 68
Atlas Steel
34c 36 J/2 C
36 %c
—^4—1
Gold Mines—1
Perron
1.95
33'%
Jan
88c
Jan
Mar
10
8%
42c
17'/ac
Apr
7%
Malartlc
50
4.40
———*
York Knitting common—
Apr
68C
8'/2C
Partanen
/:
•
1
*
Wright Hargreaves Mines—
Yellorex Mines
Ymir Yankee Gifl
21%
,40c
,
JUly
5.65 May
3.50 Jan
51c
Apr
3.45 July
20
Apr
10 Va
305
6,380
8,800
29c
—
Mar
6
35
64c
Maf
7%
paramaque Mines
100
5
—
Jan
20
1.45
-x:./
4.05
Jan
33
1 \
19c
-*
10%
Preferred
1.50
2.50
5.00
21%
22
—:
——
Wiltsey-Coghlan Mines
Winnipeg Electric common
.
60c 63'%C
4.85
—
.'6'/a Aug
Apr
2.26
38c
7 J/2c
———
common
4Vz% preferred
4%c Jan
May
Feb
7%
Jan
8 'Ac
Oils
Pacalta
4,000
23,748
1,800
Jun
15c
//'■■ 1.63 Mar
1.06 Aug
.*
Ottawa Car ——.——x———*
■,
3.35
37c
1.65 May
5% Jan
.
1
v—
Mines
3.10
3.15
82c
1
*
*
•
Steel Products
Wool Combing Corp
9c
2.90
Jun
Feb
20c
"
Jan
14V2C
—•
-1
common.
Gold
12 J/2 c
15c
——-*',
Crush
Orange
68c 68 J/4 C
68c
O'Leary Malartio Mines——
Omega Gold Mines—
Western
Ltd
7%c
3.65
79'%
21'%
1.40
•
*
1
Grocers common———
Westons
.2,800
—
•
Malartlc
Aug
3.35
Apr
>
1.14
•,
,£
Mines——
1
1
Western
Aug
Mar
80
11,025
35C
12 V*
13c
Gold Mines
Aug-
78
Apr
;
x
Oils
Jun
59'%
Feb
50
55
—5^
Gold
O'Brien
13% Aug
Aug
10c
——
Preferred
Okalta
13 J/2
25
13%
3.00 Mar
Jan
2.35
91c
-——l
.
Mines
v
1
North Star Oil com,J————*
.
3,300
1
Corn Ltd
Mining
2.75
13%
——»—»•
—
Canada
Northern
26,250
—
tforbenite Malartlc Mines
Nordon Oil
Norgold Mines Ltd
Northland
42c
2.50
—
Noorduyn Aviation
No'ranaa Mines
38c
40c
West
V/;
*•
& Worts com
;46
Apr
2.40 Jan
2.90
—/
-
1.95
Ltd
Jan..
67
72
32c
19%
July
34
.
43'%
-
—1
Ltd
8
1.95;
50
:——*
*
Preferred
Wasa Lake
75
33
—/
1.50
9 Va
42c
—•
"A"
Walker-Gooderham
80
.
•
$1
•
♦
Mines,
Waite-Amulet
180
2.80
;—
—
—
May
105
78
79
60c
•
Steel.
Upper Canada Mines
Ventures, Ltd.
Vera) Hat a Oils
Vicoue Mines
Jun
21J/2
—————-—20
Preferred
26 J/2
Mar
Oils
United
6.90 May
Jan
1.99
20
15
Moore-Corp
common—
Apr
8
46
Jun
16'% July
May
.7
44
Aug
5%
Feb
14
--
170
7%
•
—*
B;
United Fuel class
United
Aug
33c
22
62
& Power—*
common—
——.•
Grocers
16
Aug
14c
72c
—
Montreal Light Heat
National
Jan
12%
125
76 V*
2.85
35c
3%
10.
4ya
15 '%
12
Apr
7
>
1.84 Feb
Jan
1.25
15 &
—1
.r,
"
Mercury Mills
8,300
5,840
5.00
A
class
Corp
12
44
77
80
1
Mining
United
1.55
3.20
Gas Co
Union
1.85 May
4J/2C Jan
64,935
28C 28 J/2c
Union
67% Mar
16
2.95
;
Towagmac Exploration
Transcontinental Resources
Jun
Jun
15 %
Jan
23
4%
1
•
Elevators common—
Toronto
Aug
16
1.40
1
—.——
Toburn Gold :
Feb
12
107'/2
1.35 Mar
59 J/4
61/2C
Jun
July
29
Jan
Tip Top Tailors
10c
Jun
1'
Thompson-Lund Mark Gold Mines
Aug
137/s
May
105
Apr
35c
J/4 Mar
27
Jun
Jan
15'
—
•
L
Sylvanite Gold Mines
Tamblyn (G) common
Teck-Hughes Gold Mines
1.39 Aug
Aug
31c
31c
12%
Feb
15y2c
Jun
77c
Apr
22
Apr
Aug
7c
69,700
34c
28c
^1
Gold Mines——
McWatters
17 J/a
—
3c
68Q
--
Sturgeon River Gold
Sudbury Contact —
Sullivan Cons Mines
.
9c
Canada
ol
Mar
84,500
11'%
Steep Rock Iron Mines
Aug
16'A
Jan
26 J/4
1.62
6y2c
.—1
—
1.39
1.10
64%
—1
Gold
4.15 May
Jan
12
—i—-—-•
Red
McMarmac
Jan
2c
250
—
Mclntyre Porcupine Mines——5
Mines
3.25
6,330
10%
—*
———————100
Lake
3.05
12,500
Co
Preferred
3.50 Aug
Jan
3.85
—
Mc.Coll Frontenac Oil———
Red
Jan
2.17
13 J/4
35c
12%
McKenzie
2.25
5,950
5'%C
—-1
Preferred
9,250
2.97
3.65
1.38
Rouyn Gold—
3.30
12%
Jan
Brothers
Stedman
40
25
24
10c
10'A
•
•
*
•
common——
•
—-—«.——25
Feb
64c
Aug
.
8 Vic
1.43
—•
—
Standard Radio
4.50 May
3.85
Chemical
'
High
low
49c
6,100
51c
23'A
.
.
-*
—
Preferred
Steel
6,450
4'%C
Sturgeon
Standard
Jun
4.30
•
i Standard Paving common
Mar
2.90
Marcus Gold ——.—-—.—1
Marlon
2.09
80c
50c
9'%c
Co
Springer
Feb
27
Jan
Aug
3.15
20
Massey-narris common-—-————*
Preferred—
—-———20
July
29
Mar
End
Southam
Jun
4.10
-——1:'; 10c,
Maralgo Mines
Jan
1
20
50c
—*
Co
Petroleum
(N)
South
Aug
2.10
50c
5c
■
——
"
70c
July
25
13'%
—
;
Slater
Jun
89c
4,30.
3,25
2.95
3.70
_
;
low
Mines-
Malartlc
Bladen
Aug
48c
Range Sine© January I
HiQh
For
I/"'/
Apr
1.52
/
Aug
1.23
51c
1
MacLeod-Cocxsnutt Gold Mines.,
1
Madsen Red Lake Gold Mines--1
Malartlc Gold Fields-.
——1
Manitoba & Eastern Mines———-—,-•
Maple Leaf Milling Co common
*
Preferred
*
Mines, Ltd
Malcassa
Jan
26J/4 Mar
28
26%
V75
:
Jan
44c
70c
1.98
——
10C
3c
1.15
29c
V
High
Low
>
—
STOCKS—
I
Range Since January
5c
V49
Gold; —;—35c
Mines
Oro
Leitch Gold Mines, Ltd
:
Week
High
Low
par
v
.
Shares
3, 1945
Monday, September
CHRONICLE
COMMERCIAL & FINANCIAL
THE
—
3,300
12c
12c
■>
Temiskaming Mining
Proprietary Mines —————,—*
;
————*
—.—;.l
'
Prospectors Airways
Purdy
-
Mines
Mica
—
—
27c
Purity Flour Mills common————
.
Preferred/;———-—...
—
Qveenston Geld Mines.:
.1
Quemcnt Mining -——————»
:
Regcourt Gold Mines.—
Reno Gold
Robertson
L)
■
Mar
46
1.39
80c
July
8.75
9.10
6,491
18c
Jan
Jun
May
35c
35c
38c
1,300
35c
Aug
9c
8c
9c
1,500
4y*c Jan
10c
—
37
38
80
15c
15c
17c
5,000
;.———
49c
9,300
Mar
36y2o Jan
42
Jun
28C
Apr
65c
18'%
Apr
35 V*
Jun
Jan
20
610
19
May
22'% Mar
35
—
_•
15
19'A
—10
—
Russell Industries common——10
46c
34
ll%c Jan
35 »/4
455
28 y4
Feb
35 J/4 Aug
41c
23,200
3 J/4
300
18
Mining———1
33c
33c
Corp common————•
3 J/4
3'A
18%
520
30c
Aug
41c
Aug
Lawrence
A
Class
pfd
—
—
Sand River Gold Mining
25%
25%
275
4.90
50
—
San Antonio Gold Mines Ltd——1,;
4.70
4.95
5,649
7,700
10c ll»/ac
———1
13 y4
Scythes Ltd new common—
Jan
4
Jun
Creek
Gold
Pherritt-Gordon
Silverwoods
New
70c
19
19
25
16'%
Feb
1.42
2,200
>1.06
Jan
66c
65c
66c
14,356
—-1
13
12 J/a
13
12 J/2
13 J/2
common
—*
1
preferred
Silver Western Dairy new
pfd
*
new
100
Preferred new—
Gold
For
Mines-
footnotes
see
-
page
--
*
102O
-1
31c
Jan
14
1.45
20
--
14%
99%
73c
Mar
July
Apr
Sale Price
Per
Preferred
————;
63c
July
82c
295
12
July
23,653
9
Apr
16'% May
131% Aug
11
203
9
May
11
98
10
98
Aug
101
19 J/4
191/4
50
14%
15J/2
350
lO'/a Jan
99
100
270
99
Apr
73c
76c
4,980
58c
Jan
Feb
Bell
Mar
Aug
Apr
19% Aug
15'% Aug
101
90c
July
May
14'%
121'%
235
94'% Jan
'
25-
18'%
22'%
3
—
*
Cement
Preferred
common———
—
14%
b—ioo
preferred
Canadian Breweries common..:
—^———
—50
:
20'
Apr
25'%
18'%.
22'%
3
26% July
11
570
7,000
14%
Jun
18% July
Jan
2.
100
20'%
27'A
15% Jan
700
23'%
Jun
July
21
10
13 '/a
18
172
22% Feb
185
15'A
July
26% Jun
Feb
161
237
6,002
•
Aug
14'% Jan
505
16%
.
107
Mar
171
Jan
127% Jun
1.78 V
4% July
May
16% Aug
Jan.
18'% Jan
17
;
24
24
Jan
Aug
May
14% Aug
9'% Jan
126
July.
25
25
5
20
Jan
27
Jun
16
16
16
400
15
Feb
16
Apr
12
12
7%
Jan
Jan
12
11%
Jan
40
Jan
123%
•"
—
Preferred
13
20
20
20'
A-*
Forgings class A
Canada Iron Foundries commonPreferred
:—
Canada Northern Power Corp—
Canada Steamship common—
5%
125
22%
-
-5-
Canada
.
36
Jan
410
15
Bruck Silk Mills-
100'%
19
Jan
18'%
"170
24%
■=■
26
16
16%
;
106
18
25'%
,
170
l
Building Products class A———
Bulolo Gold Dredging:—
--a..
Aug
300
*
Trac Light
Class B
May
16
British American
British
23
115
20
5
106
18'%
& Power
Bank Note—.—
Columbia Pr Corp A—
Brazilian
Jan
112% Apr
30
23
115
.120
•
„
& Paper class A—
Telephone
Canad
11
51/4
Bathurst Power
Range Since January 1
High
Low
16
Steel —-—
—
Aluminium Ltd ——
*
Aluminum Co of Canada 5% pfd—100
Amalgamated Electric Corp—
_*
——
Shares
23
——
Algoma
Asbestos Corp
for Week
115
>
Agnew-Surpass Shoe common——.
Jun
1.50 Aug
98
-
—
—-—*
'
Siscoe
*
——■;
Simpsons Ltd A new
B
12J/a May
1.41
—
new
5.00 Aug
18c
98c
19
Gold Mines
Sigma Mines
Jan
Jan
1.42
317,400
29% Jun
4.05
5y2c
-1
j.
98c
430
I8J/2 May
1
*
—50c
Senator Rouyn, Ltd—
Shawinigan
Sheep
13 J/4
2%
Range
of Prices
Low
High
Last
STOCKS-
Sales
Week's
Friday
^
St
Funds
Canadian
10'% May
1
49c
lonfreal Stock Exchange
Feb
4,470
70c
——1
Jun
Jun
95c
•
common—,
Rouyn Merger Gold Mines
Ryanor
41
8%
90c
90c
9.1Q
Roche Long Lac——wl.
Royal Bank
Royalite Oil
410/
6 Va May
1
;
———
(P
—
Jun
.b-
•
123% 125
12
119% Feb
67
10
120
9%
155
15'A
15'%
325
44'A
44%
90
9%
17%
18'A
15,195
52%
53'%
180
.
Apr
10% July
17% Jun
Jan
46% Feb
18'A Aug
44% Jan
53% Aug
8%
.
(Volume
THE COMMERCIAL' & FINANCIAL' CHRONICLE
Number 4417,'
162
CANADIAN
LISTED MARKETS
RANGE FOR WEEK ENDING
Last
tow
Far
Canadian
Bronze
New
7%
Preferred
■
:
Preferred
.
"
Jan
160
/Jan
Cockshutt Plow
25
26 '/a
27 %
39%
20
26 V2
185
9%
9%
655
Foundries
Steel—
&
Dominion
Dominion
Stores
Ltd...
20"%
Jun
Canada
15'
Jun
Canada
Vinegars Ltd
69%
70 %
2,456
49
Jan
70%
Aug
Canadian
40
40
385
33
Jan
40
Jun
Canadian
General
61%
34
61
63%
863
42%
Jan
64%
Jun
__
corrtllion..
Electrolux
Corporation
Enamel & Heating Prod
English Electric class A
Famous Players Canadian
;
..—
Feb
36'/*
Jun
Canadian
Ingersoli
11% May
16%
Jun
Canadian
Int'l
25
9'/b
Jan
13%
Jun
29
29%
15
2 7'/a
Jan
32
Jun
Canadian Pwr & Paper
Jun
260
9%
16%
8%
9%
9%
16
16%
1,550
8%"
25
8%
_
Imperial Oil
24%,
102'
102
Ltd
International
Preferred
Secord
Laura
Candy
preferred
Legare
——
!
Mitchell
(Robert)
Cottons
Co
31%
.1,757
31'/a
21%
97 Va
36
11%
125
Jan
May
Apr
24% Mar
27 Va May
38 ys
142
26%
Jan
35
May
150
,
11
Jan
12
Feb
,
252
27%
17%:
24% Mar
31
16
25
18% Mar
Jan
225
15%
Feb
18%
Jun
17
19%.
50
13%
10%
125
28
780
24%
80
;
75
27
27
42
40%
42
44
44
44
20%
20%
21%
'J-*;-
Class
Davis
—.—25
Preferred
National Steel
Car Corp
___•
Weaving
Wire
Niagara
24%
Apr
30
Feb
22
Jan
17
Aug
37
May
42
Aug
43'A May
46
Jan
44'% Aug
;
Ontario Steel
:_*
Products
common....:.*
Aircraft
Car
Placer
Price
5
f.'-'-":,; 75
Jan
29
57% Mar
s
Jun
61.
Jun
Jan
19
: 18% Mar
22
Jun
12%
Jun
14
7
Jan
Co Ltd
*
36
33%
36
2,925
/ 32
Feb
37% Mar
101% 101%
ID
100
Mar
14'/*
200
16
16%
325
23
24
20
12
12
310
common....;
__^
Mills
Flour
Williams
of
Canada
100
*
—.-
? ;
__
3Va
18%
1st
157
28
28%
-:
12
12
77
Vs 110
23
Jan
30
JUn
15
Jun
16
Jun
*
79
*
common—
——..1
——_
74
16 Vb
J^n
22
11'A
Jan
14%
Jun
3%
Apr
6%
Jun
63
315
58
Mar
79%
285
70
Mar
105
22%
50
21%
21%
__
120
18
Jan
40
100
Jan
101
101
100
Jun
77% Aug
10
6
22Va
*
Preferred
Jun
88
79
*
•25% Aug
25
62
Corp:
Wabasso Cotton
Walker; Gooderham & Worts com
Jun
32
Apr
21
Apr
80
19% Jan
475
6'/* Jan
80%
Jun
Mar
63
July
79'A Aug
22'/a Aug
21'A Aug
101
Aug
22
Jun
14 Va
Jun
*
Wmnipeg Electric common
22
22
*
Ltd'
11
11%
87%
89'/a
10
75
Jan
91
29
29 '/a
250
23
Jan
29% Aug
100
Preferred
—
—
*
—
li
,
—
.;
29
195
Va'
28% Mar
29
July
Jan
25
——
28 Va
10
preferred
16
16'A
125
15
J an
16% July
16'A
16%
345
14
Jan
17'A
28
Banks
16%
Jun
10
19%
19 V*
20'A
2,184
16'A
Apr
20'A Aug
10
18
18
18'A
3,710
15'A
Jan
18% July
29'A
29'A
130
29'A Aug
29'A Aug
J
10
Bonds—•
Montreal
Power
notes
49%
•
49%
$6,000
49'/a
Jan
50
Aug
Last
Range
Low
Par
*
Abitibi Power & Paper common
6%
cumulative
100
preferred
Acadia & Atlantic Sugar common.—
..100
Preferred
For
footnotes
see
page
1020.
4%
v
4Vb•
Sales
High
4%
4,953
51/4
July
Jan
40
39'A
160
35'/*
Feb
4«%
Apr
28 V*
Aug
12% July
Jun
5
Jan
16
Aug
7%
Jan
11%
Jun
9%. Feb
12'A
16
90
10
V-:" V; 175
11%
2,025
3%
600
2
Mar
5'/a
1,025
3
'A Mar
455
25
Jan
30c
Jan
2
34% Jan
43
Jun
8
July
30
87
1.75
1,301
41%
25
17
5
Mar
50
7
15
Apr
300
4
Jan
15
47/b
53
50
Feb
250
9 Va
-A
28
25
4% Mar
Jan
21
Jun
4% July
7
July
30'/a
Jun
Jun
17
Aug
'
Jun
6'/a
Aug
53
9%
Aug
Aug
28
Jan
6%
Aug
13%
Aug'
21% Aug
23
Jun
Jan
36
Jun
6%
50
13 Va
100
13 Va
22'/a
375
33%
10
7%
50
97/a
1,220
5
24
6% May
9
July
Aug
8% May
Jun
10%
27
22%
Jan
30
Jun
13%
705
12
Jan
16%
Feb
26%.
790
22
Mar
15
105
Feb
75
107
6%
10%
1,026 *
74?
2,645
12%
4'A
25
25%
25
2'/* Mar
9'/a Mar
11% July
2%
Feb
23
Feb
28% July
Jan
107
6% Aug
July
11
14'/«
Jun
4 % Aug
May
27
25
10%
Feb
14.
62
55
65%
476
57%
6%
Feb
11
Jan
14
Mar
13'/a
200
13 Va
13 Va
Aug
14
,
13 Va
—
:: 12%
12%
14
v
1,215
Aug
3%
Jan
Aug
Jun
14'/a July
Aug
91
90%
90%
90
78
May
43
44
23
35
Jan
46%
Feb
41
—
47
2,966
36%
Jan
50
Jun
—
45%
7'/*
30
110'/a 110%
110%
24c
11%
21
•
II,345
22
22
20
5
1,877
25c
10%
5
22c
Jan
8
July
17'4 May
July
Apr
30c
ll7/a Aug
Aug
22
17
Feb
Jun
21'A
Jan
21'A-
50
5
17
Apr
112
17
50
6'A
17
Jan
107
7%
10
18%
6%.
7'A Jan
110
21
18%
—
15
7%
7%
>
4
3%
Feb
4
Jan
16% May
Jun
Julv
7
Feb
8
Jan
17%
Copper
11c
7'Ac
Aumague
*
1
Eldona
Gold Mines
Mines Ltd—
Formaque
Goldora
Mines
—
Consolidated Gold Mines Ltd
Joliet-Quebec Mines Ltd——
Kerr Addison Gold Mines Ltd
Kirkland Gold Rand Ltd
Kirkland Hudson Bay Mining Co
Lake Shore Mines Ltd
Heva Cadillac
J-M
Lingman Lake
Little Long Lac
New
75c
--
18c
—
21
15c
-
Gold Mines Ltd
Louvicourt Goldfields
•
1
1.70
2.05
—5
Yellowknife
O'Brien Gold Mines Ltd
Pandora Cadallic Gold Mines Ltd
Paramaque Mines
Pato Cons Gold Dredging Ltd
Quebec Yellowknife
Red Crest Gold Mines Ltd
39c
Nib
Mines
—1
50c
1
—1
Mines
Ltd
1944 Ltd.
1
....—1
Cons Mines Ltd
Coghlan Mines..
Wright-Hargreaves Mines Ltd
Wiltsey
3.25
36c
15c
36c
95c
19c
July
Jan
23c
May
Feb
79c
Apr
3c
1.80
Apr
75c
Jan
23,600
So
Jan
51c
Apr
41c
>
9,500
35c
Jun
60c
Jun
Jan
27c
May
15c
15c
16%
2,200
16%
,
450
6c
15 3A
Apr
17% Mar
6c
Jan
18c
May
May
10c
11c
4,800
27c
29c
27,039
4c
Jan
54c
8,500
33c
Jun
60c
Jun
45c
May
48c
42c
3.75
100
84c
71c
1.00
Jan
52c
Apr
7,000
1,100
4.20
10c
6,900
30c
30c
,.;,20c
Mar
33c
6,000
42c
49c
25,000
76c
July
Apr
1.75 May
July
20'Ac
Apr
64'Ac
3'/ac
Jan
13%c May
73Ac
Jan
1.50 May
200
11%
Jan
14% May
7c
Jan
28c
6,500
19c
18c
30c
2.21
46c
5,126
14'A
14%
1.00 Aug
7.00 May
30,490
7%C
7c
68c
2.00
2.00
300
21
21
300
Apr
Apr
1.95 Aug
2.00 Aug
Jan
24% May
18
15c
2,000
15c
Aug
15c
Aug
68c
15c
67C
2,700
46c
July
69c
Aug
2.00
1,100
1.50
1.74
.1,300
1.95
2.10
35C
38c
3.10
33c
27c
5.75
50c
•
—
Rouyn
Gold
1
1
*
1
9%c July
37 %c
31c
25c
2.00
—
Calumet
1,000
1,000
31c
46 %c
7 Ac
1
1
1
1
1
13,100
1.20
1.20
39c
9,600
8c
52c
7'Ac
1.00
-~
1
Mines Ltd
Cadillac Gold
Lapa
1
1
1
*
10 %C 12c
52c
44c
9,050
1,000
39c
6,500
42c
6,000
3.35
1.32
92c
1.55.
Jan
2.00 Aug
Jan
2.05 Mar
July
July
43c
Aug
38c
Aug
43c
Aug
2.25
Jan
Feb
44c
500
27c
10c
25c
Aug
62c
1,475
5.85
29,300
50c
4.75
Feb
July
50c
25c
17c
2,500
6c
Jan
37c
23,300
15c
Jun
100
34c
95c
700
1.41
1.27
Jan
Feb
Jun
Apr
5.90 July
21c
15c
95c
3.80 Apr
18,183
36c
35c
1.41
2.20" Aug
25c
Aug
Apr
38c Aug
1.45
Apr
1.48 Aug
66c
75c
82c
46c
2.95
66c
550
66c
Aug
80c
Mar
75c-
76c
3,650
65c
Jan
90c
May
40,796
60c
Mar
14,900
43c
Apr
1.00 May
Jan
3.80
Apr
70c
83'Ac
46c
50c
2.90
19c
*
*
3.15
19c
4.50
4.50
3.60
3.60
IOV2C
.
15,850
1,000
100
1.50
1.05
Apr
19c
Aug
19c
Aug
3.95
Jan
4.75
Jun
3.10
Jan
Jun
"
62%
59
62%
1,510
44
Mar
62% Aug
17'A
17%
17V4
865
17
July
17% July
220
99% Aug
100 Va July
99% 100
12
30
10 Va
11
*
-*
1
Corp Ltd
Ltd —
—
Mines Limited—
Sullivan
Range Since January 1
Low
High
2% Mar
Jun
185
14
*
Standard Gold Mines
for Week
Shares
Feb
3%
30% July
62
class A——*
Mines
Stadacona
of Prices
—
Mining Stocks
Siscoe
Canadian Funds
Sale Price
2.00 May
20
355
4'A
11%
Sheep Creek Gold Mines
Sherritt-Gordon Mines Ltd—
fMreal Curb Market
STOCKS—
'
class B_.
—*
United Distillers of Canada Ltd
*
United* Securities, Ltd
100
Western Steel Products Corp Ltd
*
Senator
Week's
Jan
12
25'/*
Ltd
Rochette Gold Mines.
Friday
Jan
2 Va
39'/*
97/s
United Corporations
Macdonald
10
Jan
18
29
12
12%
—
.
Gold Mines Ltd
1
—
Beaufor Gold Mines Ltd
1
31c
Bonville Gold Mines
1
40c
Bouscadillac Gold Mines Ltd
—1
15c
Bralorne Mines Ltd .—
*
16%,
Cartier-Malartic Gold Mines Ltd.—1
10c
Central Cadillac Gold Mines Ltd
1
27c
Centremaque Gold Mines
1
44c
Century Mining Corp Ltd
1 '
-East Sullivan Mines...
——-I
3.80 w
Apr
•
60c
230
5%
5%
Aubelle
12
25
:
3
107
—
Jun
78
10-
18%
26%
-Jan
21
330
1.85
12%
68
12
'
Jun
Mar
26
38
6
—
9%
13%
Jan
14
10'/*
9%
33 %
Jan
A
Jan
33 %
--
Juni
Jan
8%
21%:
13%
29%
10% Jan
12,739
9'A
6%
Jan
69
Aug
13%
Arno
470
15
28
Aldermac
241
Jan
Jan
9
9%
Jun
Mar
^
Jun
7'A
50c
13'/*
Jun
July
-
■■m?
Jun
25c
.4%
Jan
20
Apr
Feb
Jun
5'A
17
53
4'A
*
6 Va
13
50c
44
7
/
12%
Feb
Jan
15
17
—
17'A
22
100
7'A
Mar
3%
30c
40%
41
58%
.
11'/a May
25c
3,950
•
33%
•
10Q
5
297/8
2% May
■
Feb
600
13
1.00
24
18%
Aug
11%
5
Jan
78
21
•
common
Aug
56 %
Jan
6'A
11'A
5
*
B—-—
'Class
Jun
Mar
50
3%
Standard
United
106
10
113A
—*
Chemicals
Amusement Corp
July
July
2.25
,16
—30
20
*
*
Ltd
8
73
1.80 Aug
39'A
--
Pr Co com.—.
Southmount Invest Co
Apr
Apr
6% Jan
4 Va
46
375
—
•
Power Corp 6%
N.C. part 2d pfd—.50
Quebec Pulp & Paper 7% red pfd—100
Quebec Tel & Power class A
-*
Southern Canada Pr 6 % preferred.100
Scotia Lt &
Jun
12
Jan
21"
78
25
—*
Transit
Preferred
/
12
76%
Feb
15
325
28%
77
103
Apr
22%
16
*
common.
Brothers—j
City Rapid
Weston' (Geo.)
50
,1
*
Power
Preferred
Steel
;r
30
Aug
—
National Grocers—
Nova
475
12
39
—
com—*
Corporation
Noorduyn Aviation
*
145
40c
28%
*
Ltd
Royal Hotel Co Ltd
Mt
Jun
9
1.85
39 Va
common
preferred ——
preferred
Moore
1.25
56%
56
3
common—•
pfd
100
Refrig & Storage Ltd
Jun
Feb
3,050
18%
pfd—.100
*
Preferred
10
Minnesota & Ontario Paper Co
5
Montreal
Jun
40c
27
1.95
87/s
9'A
1.85
'
*
Ltd
Aug
4%
7%
—
Distilleries
Aug
60
60
75
7'A
11%
16%
25%
Ltd
Co
Lowney
Jun
Mar
3V4
70
4'A
.
:
——
Aug
15
30c
common.-*
Journal Publishing Co
100
Labatt
(John) Ltd
*
Lake St John Power & Paper
*
(Alfred)
29
168
Feb
1.90
Investment Foundation Ltd
Lambert
Aug
Jan
6 '/*
87/a
20
preferred
16
15
Hydro-Electric Securities Corp..——*
Inter-City Baking Co Ltd—.—-——100
International Paints (Can) Ltd A
*
5 %
Jun
May
2
9
35C
_*
10
Co.
Juir
107
2
50c
13
trust———*
common—
Jan
Jun
26 Va
155% Aug
3
70
15'A Feb
19 v.'!
.
16.
Canada
10
(A J)
May
13
Aug
4.15
75
'
5
*
1
20
153
25
4
50c
—
Corp
Insurance
Jan
Jun
I,825
2%
9
*
...*
Linoleum
Companies voting
Ltd
11%
153
60
6%
-*
Donnacona Paper Co Ltd
-*
Fairchild Aircraft Ltd.
—5
Fleet Aircraft Ltd.
*
Ford Motor Co of Canada class A——•
Foreign Power Sec Corp Ltd com
*
Fraser
Jan
100
445
37/B
70
1.90
Woollens
Dominion
Jan
22% Mar
235
14%
2%
22
210
29%
—
*
Canada
of
63
'
25'/*
__•
Preferred
35 %
9'A
255
63
63 i
' 19V -!
25%
-
175
35 '/a
—
3%
25 %
3%
25%
•
com..
common.—...
14%-
—
-*
com—
v
Southam Press
Ltd
11%
Jan
27% Aug
40
525
Breweries
Zellers
;
8%
100
...
1,150
Paper preferred..
Shawinigan Water & Power....
Wilsils
665
v
Jun
Jun
19
—...
Lawrence
United
7:
8
10%
Lawrence
Twin
A/:
60
18%
21%
St
Tooke
5%, Jan
18%
St
Co
186% May
' 225
10
preferred
Transport
Southern
Jun
21%
:
..^,—100
*
Quebec Power
,
j
*
Regent Knitting preferred
—25
Rolland- Paper common
—„—•
St Lawrence Corporation common
*
A preferred
;
..50
Steel
28%
10
1'
-
Co..:
Provincial
Sicks'
24#4 Mar
21%
Bros &
Sherwin
A 335
*
River
%
Jun
of Canada.
.Development
Powell
Power Corp
60
__*
common
59 '/a
80
11
28
60
'
...
Ltd
10%
28
11
Light Heat & Power com-—.100
Page-Hersey Tubes
—
_._*•
Jan
/•i(
8-
>
Jun
Apr
5fi
17%
8
Jun
:20
:
28%
:-17%
__
__*
Ottawa
Penmans
27%
22
•>26
17%. Mar
435
1,450
V; 56
A——;
Dominion Oilcloth &
Dominion Square
29
60
4
50c
9
——
Engineering Works Ltd
Meichers
Jan
1,646
23
55
28 Va
•
Ogilvie Flour Mills common
Ottawa
23
55
*
Noranda Mine3 Ltd
B
Feb
Mar
40
—
Leather class
Class
A——.
Aug
690
:
B—
Dcminiorv
,2nd
*
National Breweries common
Ltd
Corp
Frere Limitee
&
80
100
v
Aircraft
Cub
David
Jun
42
24%
Jan
45
175
14%
*
—*
*
i—*
*
MacLaren Power & Paper Co—
25
30
16
Aug
2.30
475
—-—2.50
Preferred—/
Consolidated Paper Corp Ltd
Maple Leaf Milling Co Ltd
Massey-Harris Co Ltd 5%
McColl-Frontenac Oil 6%
13
25%
3
Feb
19
',
p
25%
——*
26'A
May
67
*
■__
29
20% Mar
2,928
44%
Jun
65
Mar
140
4,381
3%
141
._*
com
117/b
.22% May
.
Preferred
1
140
3%
*
com
Adv
13% Jun
,
23% May
785
Jun
17'A May
20
9'A Jan
v
10
2?
V
8'A Mar
,3,291
10%
Jun
140
*
100
Consolidated Div Sec A
Halifax
33
Ltd
General
Neon
39'/» May
108% July
Aug
157% 158
100
I.
Lumber
Products
Food
Freiman
21% Jan
2,305
22%
Aug
18'A
Jan
16
.?
22
?
:
Jun
47%
*
common
Commercial Alcohols Ltd common
32% Mar
Jan
974
:
44%
—
*
common.
37%
125
27
—
-
16
May
29% Jan
230
,
21%
22
& Mortgage.
—25
Telegraph—__._—____40
16%
13% July
80
Loan
Mar
28
24
28
24%
,
Feb
35
Jan
28.
10O
112
13 V2 Jan
i,
Apr
30Va Aug
Jan
12%.
;
v
12'A
16%
—
13 Va May
24
Feb
,
24%
16 %
32
Jun
100
1
32
87/a
2,220
13%
28
19%
17
_>*—_
2,678
15%
17%
Light Heat & Power Cons...*
Paint
110
27
—
Montreal
Murphy
10
750
31%
11%
—
Montreal
Montreal
Jan
3%
10 %
common*
Mar
21
36
—
12%
Breweries
Montreal
11
925
21%
25
*
£
Molson's
950
22
107% 107%
__
—*
——
McColl-Frontenac Oil
12%
Aug ,',
7'A Aug
12% July
Feb
31
3
Massey-Harris
6%
36
.—*
—;
325
16
21%
55 Vb
Apr
5% May
25
Aug
19'/b Aug
105 %. May
7%
_
'
13
37%
•
54
132
;
102
Apr
Jan
102
Jan
15
—.....
& Sons Ltd John A
10
32
Jamaica Public Service Ltd common..*
Lang
Feb
15%
805
:
12
30%
16%
*
Lake of the Woods Milling common
97
15
*
28
*
Utilities
International
13% July
111% 111%
;
...100
International Power common
Jan
21%
15
Ltd
10%
.
12%
7
22
111%
31%
15%
13 %
*
Preferred
International Petroleum Co
Jan
Jun
8%
7
25
Paper common
Mar
1,440
11%
—-
International Nickel of Canada com—*"
International
30
7%: -:;v.
7%
•
Bronze common^
Claude
50
55
55
11%
*
.1
Catelli
16% May
-.9 % May
-^28% Jan
25
105% 105'A
,
*
Acoeptance Corp com
Jun
Jan
Feb
36Va May
■
6'/* Jan
23% Aug
475
29
—*
:
Ltd
Cassidy's Limited
20 Va
85"
18%
18%:
>'
18 %
Canadian
Jun
27'A
,
Vickers
11
8'/a May
12%
10
13
preferred
preferred
18% July
105
24
v;
—
Imperial Tobacco of Canada common_5
Industrial
>
13
...100
.....
;
30
5%
79 %
Jan
72
,
.5
*
—
Mining—
23%
30
Jan
12% Jan
„
.
535
23%
—
Goodyear Tire pfd inc 1927—
.50
(Charles) common—
—...«...
Bay
14
450
Gypsum, Lime. & Alabastine————*
Hamilton Bridge
„•
Preferred
Westinghouse Co—
17%
79 %
Gurd
Hudson
Western
78%
100
Paper common
Canadian
16%
—.100
Howard Smith
Jun
17
___•
Kollinger Gold Mines
18'A
245
24
Preferred
Jun
16%
*
_
Jun
12
79
*
...
165
16%
—
General Steel Wares common—
Feb
Jan
7'A Mar
16 Va
;
Corp—
25
7%
47%
15
Inv Ltd com—*
124
Canadian
45
103% 103'/*
1
29
535
Aug,
—*
Rand
50
150
37
Investm't Trust com..*
25
26%
26%
25
*
Canadian Marconi Company
9%
—
Gatincau Power common
5% preferred
29
285
9%
Canada
of
Cd
385
10
150
*
1
_—_*
Dryden Paper
B
class
13
3%
*
—
Ltd
34
—
Jun
294
*
com
15
—
*
Ltd
Inv
13
'
—
25%
37
—
32%
—
11
Jan
36
8
25%
Sugar—
Industries
Canadian
Feb
23%
3%
—*
Dredge & Dock Co Ltd
*
Dominion
&
Jan
8%
445
67
Apr
17%
Canada
8
10
24%
,
Feb
Dominion Tar & Chemical common—*
Dominion Textile
Jun
Preferred
8%
10%
—
1
———.——100
common
12'/a
*
—
35
15'/a Mar
——100-
Company
11%
class B—25
Steel & Coal
Jun
Pulp & Paper Co com——*
Col
Preferred
Brown
200
31
28
.100
Dominion Glass common..
9 'A
Apr
British
4,495"
_—35
Preferred
Jun
8%
24%
14%
common——*
Dairies
Feb
4% Jun
39% Aug
9
Aug
37
Ltd-—-:—*
70
40
*
*
25
Dominion Bridge
Dominion Coal preferred
Columbia Packers
Mar
Apr
24%
__
American Oil Co Ltd.——*
British
10'A
35
47 Va
British
47
Jan
25
10%
8%
Ltd
July
.,.28
3
39%
39%
Vancouver Ltd——5
Dist of
High
Low
3%
65
3%.
—
177»
—*
Distillers Seagrams common.
535
Brandram-Henderson
Brewers
&
*
class A
Jun.
Jun
,172
Apr
6'/a
150
8%
8%
Beatty Bros Ltd
B
Paper class
&
Power
r 27% Mar
,
Jun;
Jan
6 Vb
Bathurst
59
:
(Jan,
33
Jun
32
Apr
27%
.
Jun
14'A
14
5
Smelting
170
28
39%
17 %
.——* '
—.
Consolidated Mining &
Consumers Glass
2,885
—_* '
Northern Pr Corp 1% pfd—100
——25
Canadian Pacific Railway—
Foundation
46
70
Alcohol common—.
-
Dominion
870-
; 27%
—
39%
*
9%Class
B__•.—8%
Canadian Locomotive
————*
31
Dominion
225
58%
27%
*
Investment
Canadian Foreign
Canadian Ind
Mar
31
169
10O!
—*
—,25
common—
41%
May
10
56
58%
*
-
Cottons
Canadian
/ 38 Va
13%
30%
25
preferred
Canadian Celanese common
25
40
Range Since January 1
High
Low
Par
'
■
Sharer
of Frlces
Sale Prlc*
STOCKS—
High
13%
13 %
common——*
Canadian Car & Foundry
Low
man.
40
—u
common
Range Since January 1
for Week
Range
Last
Shares
Sale*
Week'*
Friday
for Week
Range
of Prices
Sale Price
STOCKS—
31
AUGUST
Sales
Week'*
Friday
Oil
Home
Stocks
Oil Co Ltd
——
Homestead Oil & Gas Ltd..
-*
1
3.60
10c
110
1,225
4%c Jan
4.25 Mar
18c
May
Sk1
►
Monday, September 3, 1945
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1020
OVER-THE-COUNTER MARKETS
Quotations for Friday August 31
Quotations on Real Estate Bonds
For
Specialists
in
IIIIIMShaskaN' & Co.
OVER-THE-COUNTER SECURITIES
Stock Exchange
Curb Exchange
Members New York
Markets
Firm Trading
Members New York
in
Place, New York 5, N. Y.
40 Exchange
ISSUES
ACTIVE
250
Bell Teletype- NY 1-953
DIgby 4-4950
Tel:
120 Broadway, New York
Warm
Co.
&
2-8700
REctor
Phone:
1-2173 & 1-1288
Tele. NY
Reorganization Rails
Members New York Security Dealers Association
Established 1926
to BOSTON
Direct Wires
—
HARTFORD
PHILADELPHIA
—
(When,
if issued)
and
as
/,
Bid
Chic Indianapolis &
Investing Companies
Aeronautical Securities
8.92
5.37
5.82
—1
—IV*
Holding Corp——10
Business Shares
1
Foreign Investing. 10c
Standard Oil shares—
A A'merex
American
American
*
Assoe'ted
16.79
;' /Series''
Series S-l
■
18.05
32.83
35.30
' Series
•
105.10
22.91
Knickerbocker
Co Inc.
8
36.21
39.15
Loomis
1
19.42
21.29
Loomis Sayles
Inv Fund Ltd—
—1
3.60
Trust
,-!•
31.65
—1
11.11
Canadian
Century Shares
Fund
Christiana Securities comChemical
100 2,740
J Preferred
Consol Investment
1
*
»" V
...
24.06
8.35
———
6.38
12.29
—
6.02
6.62
8.26
9.22
.'.investing —-—;
Price Shares
Merchandise shares-
10.13
-
-Mining shares:
Petroleum shares
8.43
9.27
North Amer
—1
.J,
Petroleum
&
Putnam
7.04
4.31
•
105.39
107.51
2%
Scudder, Stevens & Clark
12.65
13.79
5.78
Standard
6.01
6.61
State Street Investment Corp.
1
Foundation Fund Inc
10c
Common
Fund, Inc
54c
66c
•
—
fl
•
Reincorporated investors
Independence Trust Shares
Sovereign InvestorsUtilities
1.68
•:/%;' Bank Group shares-
30.74
2.54
2.86
_«
15.27
30.58
1
15.52
33.24
.
15.87
Blair
A First
&
Cory—
Glens Falls Fire
——
Globe & Republic
Globe & Rutgers
Great
Fire com
preferred
American--
Hanover
—
-
—
23.34
20.25
19.07
20.80
—1
51/4
5%
-10
Corp
45%
471/4
1,
May
£
1,
Feb.
"/.2V4S
1, 1955-1953-
Bid
Ask
U 8 Conversion 3s_
.1948
100.27
Int. Rate
Matarlty—
101.28
U S Conversion 3s_
1947
103.15
IMair 15.
1945—
1946-
15.
3/*%
1946-
IDec. 15,
TDec
tMar 15
1947—
—
1
Panama Canal 3s
1961
1327/8
100
100.11
1%%
100.28
1V4%
100.13
1%%
15,
100.31
Bid
.0215
.0383
.0269
.0367
.0254
Westchester Fire
1,
1,
42%
44%
52
54%
75%
79
34
36%
Ask
Ask
." 98%
.1975
98
.1965
Oil 2%s
Carolina Pow 3s___. .1975
.1985
Bell Tel & Tel 2%s.
.101%
3VaS. .1974
Co 3%s—
102
Sou'western Pub Serv
101%
Texas
&
97'/a
98%
100%
Texas
Elec Service
101%
108
109
100%
Light & Power 3s—. 1974
Continental Baking 3s—— 1965
Power &
100%
101
100%
Texas
100%
Tel 2%s_. 1980
Lt
3VbS— 1974
2%s_Z—. 1975
100%
103%
1953
99%
100%
.1974
104%
•105%
99%
100%
———.
Pow 2%s
Lt &
3%$.
1980
3%s.
1975
102'/a
1975
102%
101%
103%
101%
102%
1974
106 Va
107
100%
103%
100%
.0327
1946
1946
1, 1943
—
;
:t
•A i
104
102%
*
3%-^
T)
(W
■
'/}1
Par
$3.50
—100
Hecht Co 3%———100
Reynolds (R J) Tob 3.60
100
RUpperti (Jacob) 4%
100
Sterling Drug 3%—————100
Tide Water Assoc Oil $3.75-—*
Union Oil
(Cal) $3.75
0
102%
1975
Preferred Stocks—
Grant
103
Elec 3s——.
2%s__— .1975
Light 2%s. .1975
103%
101
102%
Pacific Ry 37/aS_. .1985
Colgate-Palm-Peet
102%
Lt 3%s_——. 1965
& Gulf Ry
Gas
102%
104
Gas & Fuel 3%s__. 1965
Eastern
103%
98%
99%
99%
997/a
102
103
101%
102,%
101%
102%
987/a
99%
.
United States Treasury Bills
Rate*
at purchase
quoted are lor discount
■;
a
.0487
f/as Sept.
!-—2.50
39%
568
553
103%
.0369
.0356
t7/as Aug
36%
-————100
Fidelity & Guaranty Co—2
Fire—
—4
Guarantee
10
—
102%
.0368
.0342
tfA9s June 1.1946
.
,;:35%,
:: 124 '/a
119
b0.375
0.28%
b0.375 0.32%
b0.375
0.32%
bO.375 0.32%
b0.375
0.33%
b0.375 0.33%
1945-
Bid
Ask
1945—
bO.375
0.33%
1945—^——
b0:375
0.34%
Novenfber 1, 1945——-—
bO.375
0.35%
b0.375
0,35%,
October
bills—
11,
Ask
18,
October
25
November
8,
1945
bO.375
0.35%
1945—
b0.375
0.35%
1945-——
b0.375
0.35%
November 15, 1945-—-.
November 23,
November
29,
.0275
.0295
.0261
July
:53%'
33 '/a.
Ask
.0318
1.09%
"'■'73%
49%
South'n
October
*7/sS March 1, 1946
101
:
70%
U 8
September
6, 1945___,
September 13. 1945——
September 20, 1945———
September 27, 1945
—
October 4, 1945—;
:
f/aS April 1, 1946
*7/8s May l, 1946
100.12
100.29
100.14
23%
Dollar Prfee 100 Plus
Certificates of Indebtedness—
*%S Oct. 1; 1945
Dec. 1, 1945
t0.90s Jan. 1, 1946_
*7/sS Feb. 1, 1946
100.1
100.4
100.21
30%
21%
U S
Bid
Maturity—
100.3
100.20
6%
27%
u S
10
;
37%
—10
Travelers
103 y2
1 Y*%
—
1947.
tSept. 15,. 1947.
tSepfc. 15. 1948.
tflept.
%
V
5%
(NY)
Corp
10
Marine——12%
——10
Security New Haven
—-10
Springfield Fire & Marine—i_25
Standard Accident--—
.10
1337/a
lVi%
14'/a ;
Seaboard Surety—^
-8
103.19
100%
Bid
89%
35%
South
&
100.29
100.29
Figures after decimal point represent one or more 32ds of a point
■
61 Va
12%
Ask
Quotations For U. S. Treasury Notes
'•
104%
85%
St Paul Fire &
-8
10:
8
8
Portland Gen Elec 3%s—. .1975
.M.
:
V''
56%
Skelly
Treasury
»•
98
105%
Narragansett
Agencies
100%
1950-1948—
6%
91
::
101
&
Steel
Kings County Lighting
101.25
1, 1956-1946——
87%
1007a
Laclede
103%
Jan;
14%
25
5%
105
Pow
Bethlehem
Erie RR 2s
100.27
1956-1946—
! 3s
/-.lVaS Oct
12%
23%
100%
Tel
Arkansas
Other Issues
r^Ss
31
29% :■ H 32
47%
45%
Co—
Republic
(Texas)
Revere (Paul) Fire-
Conn
•3'
0
184
Bid
Monongahela Power- 3s_^—
Mountain States Power 3s_.
Z-*
6
—2
Reading
Kans Okla
Bid
60.1
6%
29%
Fire
Reinsurance
Bid
American
jfOK NEW YORK CITY BANKS & TRUST COS.—See Page 1003
PefleKtl Land Bank Bonds—
39'A
;
.12.50
Indemnity
7%
5%
36
174
—25
10
Phoenix —J*—
——-10
Preferred Accident-.
8
Providence-Washington
10
Bonds—
Houston
?
:
♦57
———
——
Pacific
10
Fire
Hartford
54%-,
:
4%
————
Pacific
31%
.
6% 'i y,
55%
15
—15
_——
50%
Birmingham Electric 3s—— 1974.
1975
Cent Vt Pub Serv 2%s
Co_
Of Governmental
Northern
40%
10 Va : ,.11%
86%.
82%
5
Northeastern
67%
9.76
Banking
Boston
40
22%
10.12
Corporations
A
■
;
*; 99%
97 v
37%
1.02
1
El Lt & Pwr Shares A
Investment
;/
-
28%
.
,
25,92
25.52
Union Preferred Stock Fund
1.19
10
68%
60%
Fire
Ask
46
/
23.91
8.93
Unicn Common Stock Fund B_
16.22
of America
A_
1.07
96c
1.07
Co
series
>
55.50
16.73
14.80
Investors Fund O
Fund
Wellington Fund
■f,-^Insurance Group shares—
.
Stock and Bond Group shares.
;: Investment
Bond
'
70c
91c
25.14
B_^„——21.87
Series C
9.25
1.83
28.59
7.53
6.88
64c
52.50
10c
Series
Institutional
—«
_t
—
Trusteed Industry Shares—25c
Union
U S
Securities Ltd—
Aviation Group shares.
.
—
Selected Amer Shares
7%:
N. ' V
20%
10
;
General Reinsurance
2nd
5.97
'■
'
17.17
5.25
'*
61%
19%
Fidelity 6c Deposit of Md——20
Fire Assn of Phlla
10
Fireman's Fd of San Fran
10
Firemen's of Newark-.8
Franklin Fire-——
-8
r
20
5.42
"
3.37
3.92
shares—;——
1,4
Income
8.68
15
6.72
shares-—_—
58%
4
National Casualty (Detroit)—10
National Fire——
,10
National Liberty
2
National Union Fire——
20
New; Amsterdam Casualty——2
New Brunswick
—10
New Hampshire Fire————10
New York Fire——
—8
North River—
2.50
Monarch
-
Federal
8.47
10.28
15.97
Fund—
(Geo)
6.03
V 'J
11.84
7.70
.1
Republic Invest Fund
4.47
shares——i.
;/ 7'7
AHuron Holding Corp-
8.43
_J
i
Trading
6.02
6.40
5.48
Tobacco
7.66
£.
18%
•
Employers Reinsurance ——10
Employees Group
.Gibraltar Fire ;& Marine,
6.11
VC: Utility
12.10
-3.13
1
4.05
stock
Crum & Forster Inc——
8.71
;
17%
10
5
-10
Continental Casualty
Trust shares—
Series 1956
Steei shares
-
.
5.47
shares———
,13%
11.65
7.89
equipment-.
.7.92
15.81
11.35
10.60
9.35
—
Steel
Series 1955
——
ZMix.;
?.f
-
—_—
9.30
———
19%
12%
10
York
11.01
Equipment shares——-
Railroad
11'\
Railroad
Railroad
.
.
—1,
Casualty—
Massacnusetts Bonding.—.--12 %
Merchant Fire Assur
——8
Merch St Mfrs Eire N Y-——A
24
14.40
—
-
9.32
L^Lmm
17%
:38
,j.
26%
Maryland
32%
12%
11%
Camden Fire-
10.33
Speculative—.
11.06
-——,
W
—
City of New
8.48
.
'
675
Boston
Connecticut General Life
equipment
Fire——10...
America—10
Jersey Insurance of N Y——20
12.02
13.50
8.46
Institutional ;bond shares—
"•> Low
•
15.20
v
10.35
.10.54
.'/industrial Machinery shares—
-
10.94
9.41
Machinery
;
:•
62
B!«
43
Inspectu.10
Insur Co of North
78%
12.29
Metals
30%
Pat
Hartford Steamboiler
22%
.
Bankers & Shippers-
;
:.
stock—
50%
Homestead
6%'"i:
10.42
Insurance
9.08
'
RR
-
13.49
—
30
Baltimore American
9.48
Electrical
7.02
—
Railroad Bond
9.21
13.84 ?
.
.
14.21
8.37
-
Diversified
?
10.38
bond shares—
General
'. '
12.94
Companies
48%
20%
—
10.72
9.18
9.59
9.45
Administered shares—
Fully
•i.-.-'
15.37
Bank stock
—
Building supply—
8.68
8.73
—
Food shares
-
' 15.22
Automobile
7.90
shares-
Chemical shares-
"£
6.66
Chemical
shares-
Electrical Equipment
*
9.72
1
28
;
-
_
Alliance—-
Diversified Investment Fund-
shares
Avlattpn
6.02
6.00
Aviation
21%
60
81%
York Stocks Inc—
r
19 y*
48%
28%
55
52%:
•78
111
.American Automobile
.——4
American
Casualty
-——5
American Equitable
—8
American Fidelity & Casualty.B
American of Newark—
—2%
American Re-Insurance——10
American Reserve——10
American : Surety^
28
Automobile
-10
8.37
8.79
——;
England Fund
6.17
6.10
Preferred''•*"■
60
//
58
Preferred
■"
83
46%
10
Agricultural
5.25
Agriculture
41.53
Building shares——
-
-
4.67
6.85
5.82
73%
29
27
com
Ask
Bla
10 :
Life.
Aetna
8.49
New
:■
Automobile
'
5.44
7.61
—
7.63
New
82%
79
■Surety-——-
&
i
American
-
Agricultural
'
:
stock series-
32.34-
Group Securities—
•>;
7.31
8.03
f
I
Preferred stock series-
7,78
General Investors Trust———1
,
10.80
2.31
6.98
General Capital Corp..
;i,,
16.29
9.99
priced bond series—;
Low priced stock common-
25.91
2.18
.
4
Fundamental Investors Inc—__2
Fundamental Trust • shares A—2
,
.15.17
——_
,.
CaSual
Aetna
Aetna
Series—
series--
80%
Insurance
•15.44
Stock series
29.51
.
14.13
—
ser-les—
Income
Industrial
17.06
15.96
•;
Mutual Trust Fund—_B
:?<>■.
Bond
i
26.78
25.04
Financial. Industrial
First
Inc.—. .10
National Investors Corp—. —1
1.68
■
Grande
Rio
Seaboard Ry common-
99%
Par
Securities—
National Security
:
&
38
71%
—-100
preferred
St Louis & San Francisco com_
102
tl
97%
-—
14.33
Low
Fund Inc—-—
Fund, Inc-,
Fidelity
Fund
72
75-year 4'/aS———•
28.46
13.33
Fund
2d
shares
Balanced
r
22.29
7.80
26.47
Investors
5%
Preferred
10.79
I
—1
Investors Trust:
Mass
/
50.00
9.82
95%
100
—1393
63%
^36;:'^
i*.
116.90
49.00
100
—.
Mass
7
1
Fundi.———-——1'
Stock-
•:r.>
.'i£- V'
6.48
I V.57
'-l':
-Howard—1
Balanced Fund--.—
>6
114.56
Second Fund.
Common
Nation-Wide
1.53
■
25c
Shares—.——
.>Eaton- &
*
8.11
Zio
Sayles Mutual Fund.
Mutual Invest
6.90
.
Dividend
4.20
34.03
12.02,
148
20.62
—1
Diverslfled-Trustee Shares— 4.V-:
;
7.34
Fund
93'A
Francisco—
San
Pacific—
Common
Denver
1st 50-year 4s
Income
2,840
55
—I
Trust—
'
5.96
'
Fund—
Delaware
v
.
143
100
Coinmonwealth Invest-
•
7.02
&
—
—___—
ChirRgo Rock Island &
106%
____2018
4%s
Louis
Preferred
104 v*
■
24%
61 V»
Pacific
Common-.
...
.81
Grande—
Rio
1st 3-4s income
St
100;
98
—
Chicago Milw St Paul &
106%
104'/4
2019
Manhattan Bond Fund Inc—
1
i
6.32
;
&
Income
16.97
15.52
109.48
21.31
Bullock Fund Ltd--
I
'
15.43
4'/as B_
Denver
30.65
27.89
—
14.09
S-4—
S
Broad Street Invest
.
;
—
S-3_
Series
7%
6%
—-1
30.54
4'/2s A
income
Chicago Rock Island & Pacific—
1st 4s__1994
Conv income 4'/2s
2019
_
S-2——————
Series
—-
21.86
K-l
Investing—
A Common
11.34
27.77
B-4——
Serles
Bond Inv Tr of America
Boston Fund Inc__
—
„
20.82
19.92
Scries
7%
..
Bankers Nat
18.97
7 10.30
income
Gen
69
Stocks
—2019
Gen
._.
14.53
13.39
V 6%
Houghton Fund B_
B-3—
29.73
32.04
4'/2s
Income
96
l;K
67
———
B-2_—
Series
4.89
4.46
Axe-Houghton Fund Iric———-1
Axe
Series
32%
3114
28.38
29.25
B-l—
Series
—
Chicago Milw St Paul & Pacific
1st 4s
1994
Keystone Custr^tan Funds—
9.78
Affiliated Fund Inc—
4'/as
2nd
94
—1983
2003
1st 4s
Ask
Bid
Par
Ask
Bid
FU
Louisville—
101%
71%
22%
Seaboard Ry 1st 4s
Ask
99'A
'69%
Ask
Bid
Boads-
.0474
.0403
.0567
.0222
.0344
Stock
dividend,
g
share
.0403
.0147
Odd lot sales,
Casting Co. with the
to
and
b Yield price,
c Result of the merger,
W. B. Jarvis Co.
d Deferred delivery,
Canadian market, s Cash sale—not
Ex-dividend,
y Ex-rights,
z Ex-due bills.
Exchange,
x
r
Formerly Coleman Lamp
of old
common
6c Stove Co.; change of name
stock reclassified into one-fifth
$5 par common stock.
approved June 12, 1945 and eaoh
share of new 4%%, $50 par
preferred stock
four shares of new
•No
par
value,
tin default.
tThese bonds are subject
furnished by sponsor or issuer.
t -a
effective Jan. 1, 1945, of Doehler Die
Ex-interest, f Flat price, k Removed
included in range for year, t Ex-stock
e
L I
t
>•
to all Federal taxes.
A Quotations not
■>•' i
-.Volume 162
J." .-A •■'•" «■*' /.vw
'1021
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4417
-
,">• i V+ b&r l. >"•«.•
SIMM
-J
Week Ended Aug. 25
THE COURSE OF BANK CLEARINGS
1944
1945
$
Bank
■
clearings this week will show
an
us,
based
cities of the country,-indicate that for
upon
telegraphic advices from the chief
total
stands
above those for the corresponding
at
.Bethlehem
Our preliminary
..
——
•Philadelphia..
Reading
1,261,760
At this center there is
Our comparative
gain for the week ended Friday of 9.2%.
a
week follows:
summary for the
-
..
1,594,120
595,000,000
534,000,000
+ 43.9
I,179,878
2,143,067
1,315,774
1,577,166
-4,403,600
+.25:2
II,055,189
+ 26.0
1,102,208
1,814,779
i;020,045
20.6
1,247,439
1,533,266
1,759,035
—17Y
6,465,400
3,461,70?
560,613,813
+23.2
611,351,045
M6,863.2«4
1,902,243
.
New Jersey—Trenton—
•f
532,783
833,177
1,253,422
1,657,749
York
....
,
...
.
),260
1,238,:
+ 17.7
.2,683,985
WUkes-Barre....
440,:
),334
1,320,643
+ 82.4
'
;••:
462,631
0.4
+
688,759
1,706,776
■;
,
+ 12.6
1,460,584
546,000,000
1,186,030
674,000,000
.J,
-
Scranton.
577,073
'
1,266,516
.1,256,306
1,718,675
—
i
Lancaster.
for the same week in 1944.
649,790
;
"Chester
obtain weekly clearings
week last year.
$9,808,323,324, against $9,367,848,960,
-Philadelphia—
Pennsylvania—Alto ona—
the week ended Saturday, Sept. 1, clearings
for all cities of the United States from which it is possible to
will be 4.7%
$
$
increase compared with a year ago.
Third Federal Reserve District-
Preliminary; figures compiled by
1942
1943
Inc. or
Dec. %
i.
3,646,800
+ 23.4
+
,
'
Total
i.
/Clearings—Returns by Telegraph
690,488,840'
(10 cities)—
:
i
■
'
Week Ending Sept. 1—
.
New York
u—
—.
Chicago
3944
1945
-
.
__i__J
: 374,928,150
__
/
+
$3,974,192,828
$4,340,513,119
KansasCity.
St. Louis..
:
San Francisco...
Pittsburgh
£
1
242,205,956
+
8.8
155,115,828
+ 20.4
138,100,000
+
Ohio—^Canton——
5.7
.1237,274,000
Cincinnati
+
5.6
174,309,004
: 165,027,591
114,406,325
cities, five days.
$6,521,862,390
$6,048,980,757
Other cities, five: days.
1,651,740,380
1,384,442,635
$8,173,602,770
$7,433,423,392
1,934,425,568
Total
+10.0
1,634,720,554
Pennsylvania—Pittsburgh
+ 19.3
—15.5
;
.
Baltimore
Ten
Total all .cities, five days.
All
cities,
one
day
...
_
—
+
(7 cities)
$9,808,323,324
548,740,029
+
20.0
2,006,661
+ 20.0
1,926,258
+ 631.5
2,615,720
2,726,945
+ 43.1
201.891.750
'209,849,398
+24.3
505,712,570
491,759,745
+17.9
7.2
+27.9
937,951
759,202
5,222,000
80,307,424
67,831,585
3.1
District—Richmond-
Fifth Federal Reserve
7.8
West
$9,367,848,960
+
4.7
of
+
6,669,000
1,633,358
132,532,373
33,358,679
+240.0
+11.8
+26.1
1,714,595
,1,780,613
; 148,155,106
42,068,073
139,873,773
29,198,669
"120,613,638
,29,458,980
300,878,198
Carolina—Charleston..
District
5,684,000
79,000,888
101,026,251
2,153,064
Richmond
South
1,171,565
1,380,704
6,095,000
Virginia—Huntington
Virginia—Norfolk
253,371,863
+18.7
257,254,412
227,113,018
'
Maryland—Baltimore
Total all cities for week
228,542,665
682,343,152
;
86,318,634
174,801,140
13.154,200
7.0
110,892,445
Cleveland
3,070,860
41,240,215
Mansfield-
Youngstown_i._ii_i__
7.1
+
+ 20.1
-Columbus.—18,040,100
.
2,902,767
2,734,793
91,804,400
+ 23.3
237,833,039
...
191.921.749
12,817,900
59.7
+
98,619,536
198,096,942
15,032,000
.2,256,927
2,881,282
255,324,418
Cleveland
7.8
—
199,691,930
3,310,677
5,286,780
121,547,740
...
—
'
;
221,619,930
185,719,145
v
......
-
+
148,900,000
Boston..
472,000,000
186,725,820
.
Fourth Federal Reserve District—Cleveland—
+' 2.3
-366,620,369
-
499,000,000
263,600,707
Philadelphia.—.:
<;
•
11
9.2
.
Columbia—Washington.
Total
(6 cities)
Sixth
Federal Reserve District—Atlanta—
:
■
Complete and exact details for the week covered by the foregoing will appear
in
ends
v
issue of next week.
our
We cannot furnish them today,
Saturday and the Saturday figures
in
much'
as
n
the week
as
Nashville...
:•
Y+
•
Georgia-^-Atlanta..
ended
August 25.
For that week there
was
an
f—..—
:
Macon
able to give the final and complete results for the week previous—the week
49,088,382
Alabama—Birmingham
58,510,214
:
Mobile
:
4,525,896
—.
4,007,888
11.3
32,493,671
30,021,970
+ 10.9
106,100,000
89,400,000
2,089,533
1,642,252
1,968,811
—31.1
3.7
37,829,370
+ 21.6
37,102,050
3,907,139
28,130,893
33,512,151
4,767,650
7.3
—
+
+ 12.9
795,732 in the
Outside of this city there
week in 1944.
same
was
a
clearings at this center having recorded an increase of 16.1%.
the cities
87,853,439
377,629,488
—
show
Total
register
".-136,795
100,696,708
62,8^9,553
+10.4
328,889,651
257,499,713
(10 cities)
Seventh Federal Reserve District—Chicago—
In the Cleveland Reserve District the totals
10.4%.
The Chicago Reserve District has to its
Dallas Reserve District 25.4%
and in the San Francisco
+ 37.7
429,106
403,821
+
5.0
4,774,634
3,809.846
3,571,407
+
9.2
2,692,633
+ 13.7
2,473,119
22,514,000
3,301,754
+ 30.9
i 24,563,000
—...
South
3,837,768
Haute
.
9,233,544
30.609,975
Iowa—Cedar Rapids——
1,957,607
Des
!
Sioux City
;
7,389,793
571,791
—
Illinois—Bloomington
>"
„
v.
-SUMMARY OF BANK CLEARINGS
(
j;
{
i
,
Week Ended Aug. 25—
.
?1945
Inc. or
1944
:•
,
Dec. %
1943
.'p.:*
12
424,712,044
332,395,536
+ 27/8
5,788,550,499
4,986,820,848
+ 16.1
4,141,140,014
10
890,488,840
560,613,813
+ 23.2
611,351,045
"7-
•
——
cities
+ 24.3
548,740,029
-682,343,152
/
■.
6th Atlanta
10
505,712,570
491,759,745
!■
"253,371,863
+18.7
257,254,412
227,113,018
416,825,301-
'««:.■
■>. *
546.963,264
:.
300,878,198
)} 5th Richmond ___—8
'
307,896,673
3,445,613.806
"
•
««
377,629,488
7+10.4
328,889,651
257,499,713
17
623,172,861
536,528,826
+
16.2
505,365,531
4
304,644,609
268,849,688
+13.3
233,529,434
t»
7
233,757,128
196,264,183
+ 19.1
194,473,268
10
349,690,497
•292,528,974
—.
Minneapolis
.
City___
+ 19.4
11th Dallas
111,705,270
140,109,875
6
+
277,846,182
255,154,848
+25.4
--
-
-118,094,133
111,011,981
543,992,302
480,347,217
+14.5
456,928,031
395,729,635
10,499,165,305
8,945,795,732
+17.4
7,949,013,821
6,842,171,429
10
12th San Francisco
;
.——111 cities
Total
t ,.f
,
.•
4,879,181,Q03
Outside New York city...
Week ended Aug. 25 for four years:
4,103,714,590
+18.1
3,948,309,769
+16^
505365,531
^476,107,495
164,600,000
+
8.5
'58,295,214
+ 15.7
30,619,220
1,014,905
982,313
3.3
915,000
127,000,000
143,700,000
65,984,743
•37,282,632
+ 24.1
431144,944
-
+
54,652,819
27,314,880
•
874,000
•
6+
304,644,609
>
268,849,688
-209,841,699
233,529,434
+13.3
St. Paul
;
1944
$
$
-
-
*
/
Inc.
1943
or
1942
Dec. c/o
+ 16.8
3,005,595
371,178,027
288,646,533
+ 28.6
273,334,144
262,767,536
859,628
+ 29.9
875,654
River
Lowell..
1,284,241
1,115,126
——
+ .5,134,365
3,965,454
+ 29.5
3,900,245
3,743,745
233,757,128
196,264,183
+19.1
194,473,268
147,749,552'
161,155
+ 36.4
206,110
279,946
+ 35.0
331,471
3,590,020
+ 34.7
3,939,531
149,266
•'236,119
3,075,592
51,313,511
+
1,071,487
•
258,738
377,873
—
—
Lincoln
4,836,122
80,444,133
x
Omaha
:
:
372,141
+ 69.0
307,610
1,107,281
*7
District—Kansas City-
:
5,067,419
2,938,793
s
7,110,528
7,832,839
242,304,168
,199,135,743
5,510,484
.
+ 12.8
72,471,037
+.72.4
2,684,223
9.2
5,225,675
4,419,575
+ 21.7
185,882,678
157,396,777
+ 26.2
.+ 5,314,949
4,383,234
71,314,412
;
832,889
628,869
Massachusetts—Boston.—
Fall
2,821,693
2,266,093
280,621
-3,295,599
—
2,339,248
3.4
+ 40.6
'
640,562
1,047,746
—.
36,850,025
+ 24.1
I
(7 cities)
Kansas—Topeka
+ 46.4
<98,717,261
1,458,707
Hastings
•
%
715,877
: 1,116,216
<
•
2,829,411
1,813,080
Helena.
Total
+.
7 2,051,332
7
I
Nebraska—Fremont
;'
Portland.
2,564,786
.7
4,131,034
1_—...
Dakota—Aberdeen
Montana—Billings—
Reserve .District—Boston
Maine—Bangor——
.42,429,862
North Dakota—Fargo—:—
.
First Federal
139,082,491
+ 14.6
3,650,505
4,096,517
+ 20.7
45,126,285
.
1945
Clearings at—
2.0
136,940,212
51,722,107
3,510,932
1,874,841
i—
—
7
165,248,235
■...4,215,316
—.—
Tenth Federal Reserve
:
546,685
-
4,705,204
Wichita———
^
1,368,393
1,135,206
+ 20.5
1,015,326
'3,660,331
+ 18.1
4,068,816
3,074,143
2,319,067
+ 32.6
2,163,689
2,314,782
13,819,336
+ 12.1
13,648,081
11,951,747
i
—
6,951,563
—
Total
c
—
969,856
+ 24.3
1,097,732
990,118
795,726
+ 42.6
692,774
924,563
292,528,974
+19.4
277,846,182
255,154,848
2,746,109
1,773,424
+ 58.4
2,013,637
113,269,000
13,476,980
89,599,000
+ 26.4
11,382,852
+ 18.4
96,171,937
11,212,849
3,121,000
2,718,000
+ 14.8
.1,205,231
349,690,497
(10 cities)
:
2,901,681
15,497,243
Joseph—
1,134,722
880,681
4,323,642
St.
—
Colorado—Colorado Springs
•
Bedford
City
Missouri—Kansas
.
Springfield—
New
Worcester
—.
Connecticut—Hartford—
New
Rhode
New
-6,611,285
—-
5,797,289
15,833,900.
Haven—
Island—Providence...
11,728,900"
736,981
Hampshire—Manchester———
519,535
424,712,044
332,395,536
+ 14.0
6,004,809
5,339,985
+ 35.0
12,856,900
14,866,600
+ 41.9
Fort Worth—.
508,364
510,262
27.8
318,429,550
307,896,673
York—Albany—
+ 32.8
9,921,500
'
.
Elmira—
35.1
963,601
1,023,705
+ 12.8
53,361,788
48,700,000
919,593
+ 46.0
906,436
936,541
+
1,611,497
891,136
+ 80.8
1,323,411
1,286,682
5,619,984,303
—
York———
;
;•
_
"
Syracuse
Connecticut—Stamford
4,842,081,142
+ 16.1
4,704,052
3,326,871,127
Jersey—Montclair..
V
1,149,721
4,996,989
111,705,270
+ 25.4
118,094,133
111,011,981
84,128,863
T'4,799,679'
1,575,129
73,364,179
21,194,700
7,183,941
2,184,593
2,806,575
Oregon—Portland
Utah—Salt Lake
83,142,740
30,225,922
9,281,167
5,683,669
295,048,967
8,353,637
2,188,140
*5,000,000
—
City—
California—Long Beach—
Pasadena
1
+ 22.7
8,842,890
•7,754,507
San
Franoisco._
+ 21.4
4,960,658
5,492,945
San
Jose
6,696,275
+ 25.1
5,036,583
Santa
8,379,856
6,759,916
297,588
+ 63.6
265,429
265,131
22,665,795
+ 18.4
22,167,044
18,317,893
Northern New Jersey.—
37,308,790
33,779,254-
+ 10.4
30,963,284
24,928,584
+ 39.2
+ 16.1
102,261,485
Yakima.
4,571,931
486,414
cities).
1,124,355
5,107,639
,
Twelfth Federal Reserve District—San Francisco—
Washington—Seattle
10,247,228
26,829,209
(12
(6 cities)
12,573,296
Newark
Total
—.—;
5,551,272
Rochester.
New
1,178,635
57,115,000
1,342,404.
.
Jamestown
New
6.377,271
1,592,321
—
Buffalo
2,549,000
1,564,734
5,932,052
140,109,875
Wichita Falls.
Louisiana—Shreveport—
5,000,108
+
64,428,000
Binghamton
—
Galveston
;
1,956,180.
92,683,347'
9,426,045
1,965,000
1,092,252
5,887,157
York—-
8,469,137
—
■v'''
Eleventh Federal Reserve District—Dallas—
Texas—Austin
Total
Second Federal Reserve District—New
New
,
1,792,073
1,692,138.
81,884,760
:
^Minneapolis—:
3,515,300,302
Week Ended Aug. 25
s
1,662.439
1,-660,888
+
District—Minneapolis—
Ninth Federal Reserve
7 We now add our detailed statement showing the figures for each city for the
i
4,341,788
1.8
8.1
—
178,600,000
i
Total (4 cities)
Minnesota—Duluth-.
•
.
•4,230,746
536,528,826
Kentucky—Louisville—
__i—
Tennessee—Memphis——1—=—_
Illinois—Quincy
——
South
|
+11-1
2,191,169
/
'
Eighth Federal Reserve District—St. Louis—
:/
"
i
1,430,144
1,746,722
Missouri—St. Louis——
147,749,552
'
i\ 10th Kansas
!
1,551,825
5,725,"924
1393362
209,841,699
9th
7th Chicago
i
383,816
.403,441394
476,107;495
8th St."1 Louis
r
+ 36.4
+ 15.6
623,172,861
Total <17 cities):
.
'5,361,7512
6,188,872
479,548.
+10.2
-
1,887,005
—
1,180,556
II,355,9417
•■•", 11,915,675
$
-
318,429,550
12
Philadelphia
ji 4th Cleveland
•"1942
-
+ :
;—
York
New
3d
>
<
.
——
1st Boston
2d
>
';
r
Reserve, Districts
Federal
>
'Springfield
.8,001,594;
27,512,426
427,792,502
2,151,728
Rockford
ttli
419, C98
+
1,710,247
6361,056
Peoria.
J'
In the following we furnish -a summary by Federal Reserve Districts:
;
»
494,649,790
Chicago
Decatur
.p
11,851,451
6,032,204
15,214,035
Moines—
21.9
+
...2,388,447
3,177,849
"+13.2
2,385.865
-25,175,000
.
"6,810,648
727,847,632
1,551,777
+ 10.0
34,664,590
2,679,865
72,509,733
2,764,442
+ 16.2
10,154,495
Wisconsin—Milwaukee..
Reserve District
.
„
29,475,000
Bend
Terrc
3,899,339
3,060,440
Indianapolis
:?
.
470,947
4,867,069
-
Lansing
:
;■
647,836
Indiana—Fort Wayne
Minneapolis
In the Kansas City Reserve District the increase is 19.4%,
^ 14:5%V'
!
-
$ 5,111,183
Michigan—Ann Arbor..:
•Grand Rapids
:
gain of 16.2%, the St. Louis Reserve District of 13.3% and the
a
;in the
ify?.
improvement of 24.3%, in the Richmond Reserve District of 18.7% and
an
Reserve District of 19.1%.
if
+
::
in the New York District (including this city) the totals ):
in the Atlanta Reserve District of
credit
We group
expansion of 16.1%, in the Boston Reserve District of 27.8% and in the
an
Philadelphia Reserve District of 23.2%.
■
'
164,993
5.3
—
according to the Federal Reserve Districts in which they are located and
from this it appears that
•
197,980
83,433,344
'
gain of 18.1%,
the bank
;
Louisiana—New Orleans
—
185,009
416,825,301
_•
I,400,00?
6.6
"
Mississippi—Vicksburg—
clearings for the whole country having amounted to $10,499,165,306 against $8,945,-
5,311,890
6,863,935
+ 31.0
+
<
1,250,404
:
Florida—Jacksonville
increase of 17.4%, the aggregate of
10,366,968
34,261,300
145,400,000
2,694,371
1,814,426
47,352,377
48,100,834
161,200,000
2,498,138
:
Augusta
In the elaborate detailed statement, however, which we present further below,
we are
;
has to be estimated.
cases
13,582,934
38,130,885
Tennessee—Knoxville—
not available at time of going to press.
are
Accordingly, in the above the last day of the week in all
i
••
-
5,788,550,499
4,986,820,848
+16.1
4,141,140,014
3,445,613,806
Barbara.
Stockton
—
—
Total
(10 cities)
(111 cities)..
Outside New York
9,185,248
3,471,770
266,901,000
6,543,408
2,022,079
4,676,296
+ 12.9
+
14.1
1,857,689
+
18.7
79,221,879
+
23.7
+
1.0
,
28,864,782
9.668.484
+ 63.7
3,018,467
+ 10.5
244,398,000
+ 27.7
4,862,320
8.2
1.724.485
+
207,369,000
3,722,742
1,251,265
.+
6.9
4,163,062
3,084,407
14.5
456,928,031
395,729,635
+
10,499,165,306
480,347,217
8,945,795,732
+
17.4
7,949,013,821
6,842,171,429
4,879,181,003
4,103,714,590
+18.1
3,948,309,769
3,515,300.302
■
Grand Total
90,598,247
2,459,415
70,056,241
24,433,513
543,992,302
..tf*1V
Z
Monday, September 3/ 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
RANGE
LISTED
FOR
WEEK
ENDING
MARKETS
AUGUST
17
Week's
Sales
Last
Range
for Week
Sale Price
of Prices
Shares
Friday
Exchange
Week's
Friday
Last.
STOCKS—
of Pricei
Sale Price
Par
Abitibi Power
lc/o
0
41/4
4%
*100
58%
164
164
17%
17
100
;—
99%
Arcadia-Atlantic Sugar commonPreferred
Acme
*
—
Gas
Aldermac
_—:
Ltd
Aluminium
.
Canada
of
Aluminum
iTc
—
.100
—
—1
Armistice'
Arntfield
—1
52c
Bagamac
——;
1
Bank
of Nova
129%
Jun
Fleet
Aug
27c
29c
May
55c
Jun
5%
Aug
50c
May
General
Feb
21c
Mar
Giant
29c
Aug
Jun
Base
Metals
74c
Jan
1.90
Jan
3.60
13c
Jan
10 %c
Bathhurst
Bear
class
Power
Exploration
59c
60c
60c
Gold
May.
Apr
Jan
29
100
27% May
30%
Jan
11c
24% Mar
Graham
Jan
17%
Jun
Great
Jun
2.35
Feb
Beattie
Gold
16%
B
_.
1.65
1.70
39
Apr
19% July
13 %
50
10%
Apr
13% July
102
55
97
May
102% Aug
18%
51
15
Mar
19 Vs
7.30
7.40
1,850
6:50
Mar'
11% May
9c
Jan
28c
3%c
Apr
24c
7.30
22c
Feb
30
Jan
172
1.05
1.05
40c
1.10
2,100
85c
July
38c
41c
13,200
30c
Apr
9%
50
..50
52
52
19 %c
20c
...1
—
1
._—
;
,
American
British
Columbia
17c
1.15.
1.05
8%c
7%c
Broulan
15 %c
35c
14%
Jan
10
50
8%
Jan
10%
Jan
45c
July
67c
9
15
6%
Apr
25
26
1,314
22%
Feb
27%
440
23% Aug
25%
36
36
75
22%
23%
245
2%
,r
36c
39c
t.
60c
63c
'
25
Apr
36
Apr
27
2% May
100
4%
35c
Aug
73 %c
60c
Aug
78c
950
5.05
May
Buffalo
Canadian.
*
33c
32c
35c
15,500
8%c
Jan
0
23%
23%
24
215
18%
Jan
24
4%C
4%C
2,000
3%c
Jan
10c
5%
870
4
Apr
6%
Jan
27
28
105
23
Apr
30%
Jun
40c 44 y2 c
9,200
54c
Apr
1
...vS'l—
Calgary & Edmonton
-
Calmont
Campbell
Canada
Bread
Canada
7
*
1
Packers
Class
common
5%
6
790
5
9%
Aug
Apr
14
Jan
11
34
34
30
32%
Jun
35
16%
16%
171
171
•
12%
158%
11%
15%
16%
179
44%
45
55
39%
105% 105%
45
95
16%
Apr
Jan
Jan
Jan
May
16%
430
14
Jan
16
16
17
3,830
8
Jan
17
51%
150
44
Jan
52
23%
23%
25
23% Aug
25%
19%
19%
125
17% Feb
20
13
13
13
5
10
Apr
14%
25
31
30 X
32
275
27%
Apr
32%
52%
54
Canadian
Pood
Canadian
Ind
'_
205
45%
Jan
58
168
40
158 %
Jan
176
Products
Alcohol
70
*
72
72%
25
19% May
49% Jan
9
9
310
6% Feb
_
class
72%
...1*
A
;
10%
*
1.13
1.10
1.15
9,450
70c
Jan
25
17%
16%
17%
2,144
11%
Jan
21
Pacific
Canadian
Wallpaper
Canadian
21
20
16 % Mar
21
...
24
24%
90
20%
4
24
Cariboo
2.48
—i.i..
Treth
-1
..1
_T._—
2.88
2.50
1.80
900
Jan
-2.90
24c
1,000
1.00
Jan
8,020
1.99
Jan
12 %c
Jan
4
Mar
33c
9,800
34c
Jan
49c
Aug
30
135
27%
10
20
27%.
10
19%
30%
A.—
—
i&i
14%
*
90
21
100
18%
Zv 13%
.,106
,
14%
15%
2,552
>13%
13'%
500
9%
9%
75
1.06
1.05
1.13
26%
26%
27
13%
-v
__
class A—
85
85
21
90
.100
common
.■
Feb
"i
111
1.40 May
'30
5%
Chromium
3ochenour
100
1.90
3,700
125
1.25
20
32C
29c
33c
16,900
26c
l
Plow
5.20
5.00
5.25
23,000
2.94
14
175
1
Commonwealth Pete
13%
»
__
Lake——.
——
—1
Coniagas
.
Apr
36%
350
31%
Jan
39%
22%
2,120
21%
Jan
_
—
...
(Ottawa)
1.65
2.06
91,625
90c
Jun
3.55 Aug
Aug
/
>
27c
27c
28C
2,500
25c
14c
14c 14 %c
8,500
10c,
1
8c
I,366
3c
21,000
-i-
1
_
:
66c
28c
Jan
3,500
5'Ac
Jan
7c
2,185
3c
Jan
69c
8,200
55c
July
,
33
36c
40c
,'/:?:
26
28
14%
3,325
1.30
1.65
3,850
Lake
—1
1.55
1.53
1.57
24,240
Townsite —
36c
2,500
Jun
Aug
59c
29 Va
Jun
15%
Jun
50c
1.00
Apr
Jan
Marl
V 14c
5.00
15,565
2.35 .Jan
1.35
1.21
1.35
4,900
13 %C
14c
15,000
12c
Jun
Bakeries
17% Jun
24%
Jun
6.25
Jun
7.25
Jun
6.15
440
Jan :
9.15
21
21%
6.75
6.75
6.75
100
7.65
7.65
400
18
18
25
15%
Jan
May
18% July ?'■
9c
Jan
22c
25c
Jun
21
...—
_
,
•
13c
13c 13 %C
-26c
26c
26c
16%
16%
1.45
1.40
1.52
35c
39c
11,200
31c
Aug
48c
Jun
63c
62c
69c
19,400
44c
July
70c
Aug
2.06
1.99
2.10
9,700
'27%
27%
28
325
26%
26'A
1.40
1.39
1.50
5,700'
89c -Z Jan
54c
53C
58c
5,000
52c
4.35
4.25
4.45
8.950
3.30
3.25
3.40
2.95
2.95
3.00
6,700
9,575
;
:
...
—
7%
Jun
2,800
1.33
Jan
2.25
Apr
5,750
1.45 Mar
2.09
Jun
Class
1.80
14%
14%
15
65
14
May
69
185
49
Jan
146
144
44
,
1.00
2,140
1.55
1.60
6,800
88c
90c
3,900
1.75
1.65
1.75
200
15c
—
14 %c
15c
90C
*
60c
12 %c
3,650
Apr
Jan
12
300
12
29
3,000
2,000
-
1.15
17,423
17
Jan '/
29
29%
215
28% Aug
1.82 Aug
Foundry
__.4
—...
700 •
3%c
205
42% Feb
65
Jun
25% July
29
Jun
McLellan
22%
360
18
Feb
22% July
26%
27%
115
25
Apr
29
8%
600
17%
35
7% Aug
14% Feb
18
41
5
35%
41% Aug
Dominion
Tar
Dominion
Woolens
9%
9%
9%
—_—~*
16%
16%
16%
17
_■»
Stored
Dominion
25
10
10
10
535
B„——
-
...
*
Apr
625
7
Mar
355
14
40
13
7%
Jun
Model
Jan
18%
Jun
18% July
—
Feb
11
Moore
Jun
III
1.13
1.12
1.15
14,000
98c
Apr
2.50 Mar
1.25
1.21
1.30
12,200
22c
Jan
East
East
Sullivan
Eastern
For
...
...
47c \
10c
lie
2.85
2.95
26,400
7,500
12,500
3.75
4.15
19,050
24%
25
170
4.10
Steel
footnotes
42c
11c
....
Malartic
East
_
46c
2.95
Amphi
Crest
...
see
page
1020.
40c
10c
Aug
Aug
2.26
Apr
40c
'
Apr
14
Apr
47c
Apr
May
3.05
6.75 May
25
Aug
335
12
20
20
333
17%
Apr
9c
9%c
1,625
8c
Jan
15 %c
Apr
1.15
1.24
24,100
77c, July
1.25
Aug
12%
65
26V2
26
27
360
22
Mar
29
18
18
"45
18
Aug
20
10'/«
10%
180
Jan
12
Feb
May
107%
Jun
.
8 % Mar
8%
105
25
135
59%
1.60
1.65
5c
6c
9,840
2,500
4'/2c
Jan
36C
29c
42c
287,920
Ific
Jan
29c
30c
2,700
15 %
10
16c 16 %c
Jan
1.35 Mar
22%c Jan
12%
Jan
20C
1,500
17c
JaZn
53c
Aug
Jan
Apr
Feb
Jun
13%"* Jun™
July
July
67% Mar
1.85 May
8c
Jun
42c
Aug
39c
May
15%
Jun
33c
Apr
6.90 May
25c
Jun
80c
4,115
Jan
1.10
Feb
22
465
20% Mar
24%
Apr
61%
62%
218
57
Feb
65%
Jun
30C
28c
30c
17,200
20c
Jan
30c
Aug
12%
12%
13
455
12
Feb
13%
28
July
75c
.20
29
29
29
10
-25c
16c
16c
16c
4,500
21
21
21%
465
1.62
1.62
1.70
6,000
42 %c
42 %c
45c
5,400
Car.
Bidlamaque
1.99
9c
16%
22
21%
62
common.
—
Steel
30c
76c
Lac„_
Grocers
20c
21%
—
common
Long
6.35
16C
,—
—
6.20
14,00p
2,910
15c
6.20
—__—
Negus
New'
Jan
Aug /„
65
29c
National Petroleum
National
2c
107
.
Power
Preferred
Aug
21c
II,600
106
.
Corp
National
East
6,400
5c
64%
2.40 Apr
Mosher
3.25 Mar
3.80
3.65
■65
—Z-—_——
Montreal
3.05 Aug
4.15 May
1.61
—
-
Oils
Moneta
Jan
3.50 Aug
Jan
106
Mining Corp
12
-1
—.—
Duquesne
——
Mercury Mills
Mid-Continent
Jun
Jan
2.17
12%
—.—Z—^.__—
McWatters
Jun
8% Aug
Jun
Jun :
5
MCKenzie Red Lake..—
190
McMarmac
Jun
/ 4.50
3.85
1514
Mclntyre
7c
Mar
July
2.09 Mar
80c
2*25
•V
.100
—,
41
4
preferred——50
class
Preferred
26%
13c
27
10V4
.20
__.
59%
17
Steel
common
26%
Feb
/
12
———.
17%
27
Magnesium
1
Dominion Malting common.:
Dominion
McColl
May
July
18
Preferred
July
31% July
25
225
9c
McBrine Co
13
28'% July
4%c
Massey-Harris common
Jun
Mar
26'A Mar
12 %
3.80
Gold
21%
Dominion
Dominion Scot Inv
2.10
17c
2.10 Aug
12%
——
7c
,—..10
Bank
Dominion
Marcus
JUly
Jan
1.15
Maralgo
59
—_.4
26%
Dominion
Aug
1.92 Mar
July
'Z May
■4V2C
Fields..
Eastern
Preferred
1.12
1.23
Apr
34c
15% July
85
20
&
Maple Leaf Milling common.
8%
—
Seagrams
Manitoba
_4-_—
Lake
Gold
Malartic
1.60 Mar
Jun
Cockshutt
Red
Madsen
Jan
...
1
MacLeod
149% Mar
12
1
iVTacassa
70% May
Jun
1.50 Aug
60c
16
Aug
12
—
——
Distillers
1.58
___l
...
A
6% Mar
2.09
Leather class B
Denison
May
May
35c
250
1.75
______.....
Cub Aircraft
Davies Pete
78c
85c
43c
.500
1.39
•:
Jan
19,800
145
B
A——
Jun
75c
45c
6%
1.25
Lac—
class
Class
"fZ
—
Louvicourt..
15
45c
146
Long
Loblaw
Apr
6%
—
—
Juh
*6%
67
Lake
Lynx Yellow Knife
____4
*
1.50
75c
■_
5.40 Aug
Jun
2.00
__
Croinor Pershing
Crowshore Pat
Jan
12% May
1.75
Consolidated Mining & Smelting——5
Consumers Gas
___100
Conwest
_4
_____
Jun
4
_____;
Consolidated
Apr
Little
Jun
Jun
"24 %c Apr
26%
Secord
Lingman
Jun
1.76
37C
Mines
Lexindin
Feb
Jun
5.15
,
7.65
J
__———
& Sons...;
Cad
40c
23%
1.05 Mar
14C
Mines—
1.57 Aug
Aug
22
22%
4.80
Fortune
Shore
2.25 Aug
Jan
/'•
22
5.00
__1
Z—:
Dufault
Z
-
Jan
22%
1,185
—
—1
t '<■
Jun
11%
1
32c 36%C
15%
__1
—
—______
1.35 May
Jan
18
95
13%
60c
18c
Apr
12%cMay
36c
2,500
28
:
11%
175
13%
1.62
__1
Apr
July
11c
14 %
::
Jan
51c
65C
36c
.—
Feb
18c
13c
7c
13%
.
39c
Jan
lie
z
Jun
Jan /
8c
48c
lie
V
;
8C
50c
1
_—
—
f
;>
24% July
2.05
1
.
Publication
Leitch
5% July
2.42
74c
5
Coniaurum
1.15
Jan
75c
4
__
Conduits
Donalda
1.56
1.25
Will
Cockshutt
Davis
5%
1.84
_I
.
____
Citralam
Coin
5%
1.85
;____
'/July
113% Aug
'
Chateau Gai Wines.—
Chesterville
Jun
22
.
._1
Laura
May
Jan
22%
Jun
10
36
1
__
_
■
Lapaska
16%
36%
„1
Lapa
13% July
Jan
f
5
1
—
Addison
Lang
-
July
,
1
_
(John)
22
Jan
91c
Jun
Z
Feb
22%
*
Luz
Jun
Jun
90
*
__
Lamaque
35
34%
Mar
*
—
I
Z; 35% Mar
':
Apr
8
420
,
Aug /
May
12'A May
4,000 '
113% 113%
4% preferred.100
—
Uranium
—
i
31
27%
27%
-—
Metals
-A
Hudson
La
2.95 Aug
8,100
48C
Lake
1.30 May
2.95
25c
45c
Lake
Apr
1.15
2.68
22c
47c
Lake
Jan
1.15
..1
Pat'.—.
Jan
1.35
Apr
1
...
'
25% May
class B
1.09
Labrador
Aug
Wirebound
Ry
Apr
Kirkland
Jun
21
Malartic.
Canadian
Jan
Kirkland
Jun
177/aC May
3'/2c
27'Ac
Kirkland
July
Jun
43c
8,800
class
_
•
Jun
4.30 Mar
Mar
49,700
Mines
Labatt
Jan
3.05
25c
11c
Mines
Kerr
24% Aug
75
12,800
Apr
July
82c
Kelvinator
July
24%
13%
10c
Erie
Kayrand
Jun
168
24%
20
Jan
70c
Consolidated.
M
65c
Jan
10'A
575
34c
Apr JZ
18
*
Feb
__4
—
3.76
32c
20c
May
,82c
Waite
Journal
Jun
common
3.76
87c
5,655
32c
Jan
40
12%
Apr
1.90 Aug
Jan
10 %C
Joliet-Que
July
1—.100
Central Pore
J
Jun
Dredge
19 %
65c
Mar
43 %c
...1
—
&
Jason
July
19%
54
20,000
19
Apr
...1
Bay
Ltd
Jellicoe
July
20
36c 38 %C
12%
Jun
15c
Jan
54'Ac
•
Jun
8%
.....
Jacknife
Aug
50%
*
preferred
5,000
20c
21,054
72c
May
'
1.05 Aug
Z
Apr
5V2c
7,700
1.90
70c
9
Mines——
Class B
Jack
July
.*
1st.
36c 36 %c
1.75
...
;
Jacola
105% Aug
17
Knife
—
Gold
International
Mar
51%
•
6,700
3.76
—
International Pete
17% July
47
lie
Apr
4.00
Apr
Z 68c
-
Apr
15c
Feb
6%
18,570
10c
24c
.
Jan
3c
6%
175
99c
<
International Nickel
17% Aug
175
*
Preferred
Central
40
10
8%
7%
36c
International Milling
Aug
16%
Jan
Apr
12% July
Jan
3.10 Jan
100
12%
———.
International
July
10
16 %C
Jan
5c
.
825
7
;■■■ 9lc
Dauch—,
—
6% Mar
Z 7 ,//
70c
—
Aug
7%
,
/
8
—
Feb
731
45
..
Jan
8%
9,100
:
95c
•
10
Imperial Bank
*
Imperial Oil
^w_~__5
Imperial Tobacco ordinary
6
Inglis (John)
1
Inspiration
_______
Aug
150
105%
7c
3.75
,/'■•
1.75
Yellow
Huron
Apr
2.40
14
15%
preferred
Canadian
2.15
.i,30c
1:70 Aug
common
Car
Canadian Celanese
Castle
6
1.70 May
20 %c Aug
•
preferred
Canners
Canadian
1,025
3,755
5,815
10%
;■
Convertible
New
1.85
23c
100
Commerce
.
Feb
2.20
3.75
36c
Oil
Hunts
Aug
24
13
Breweries common
Canadian
13
Jan
4
Bank
Canadian
Canadian
Jan
17%
22c
.50
_.
Canadian
of
10%
40
10%
...
-
—
•'Canadian Bakeries preferred
Preferred
100
1.76
171
6c
3.75
22%
12,000
Aug
13%
100
Mortgage
12c 13 %c
i; /;,/ 7:
;/:
Howey
May
13
1.95
—4
Canada Steamship
Preferred
65c
20
22c
*
B
Permanent
•
10%
A
Apr
4%c
415
e%c
.1
—_——-
Mines
Hosco
Jan
4
Canada
lV/a
11 %
13c
Bridge
Homestead
1.35 Aug
6.50
__4
common
Northern Power—
class
Jun
13
2.00
common
Cement
Canada
/■ Canada
W
Lake——;—
Red
106
10c
Homer
Apr
95c
20
20
<■
Mar
5%
—_—.——
Hudson
800
*
Aug
57
5%
Swayze
&
Home
Apr
1.25
'Ill* i
106
90
11%
Hollinger
Jan
7,280-
Apr
Jun
10c
53% Mar
Gold
Hinde
Jun
6,500
6.15
A
Jan
15
Cadillac
Heva
Jun
1.15
Steel...—
3c
1.36 May
35
Rock
Heath
Aug
20%
6.00
& Co class
9,500
:
/
1,500
Gypsum
Hasaga
July
1.25
Burlington
Jan
56
Harricana
Jun
9
6.10
Burns
83c
8VsC
Harker
Jun
24%
—
4,700
Z.Z
8C
106
44 %c
Hamilton
Jun
1
Building Products...
Hill
Z
22c
55
Halliwell
Apr
*
Bunker
Jun
Jan
27%
Hallnor
Mar
Ank.
Gold
Mar
9c
-
8c
•
Halcrow
Jun
18
Buffalo
Buffadison
14c
44c
55
106
Paper common vtc.
Hard
650
38c
___.
May
Jan
July
26%c Jun
-1
Harding Carpet
1,500
2%
Oil—..
50c
4c
20,200
9c
Mar
May
.50
vtc._
Aug
24
B
Dominion
Lakes
Mar
5,000
36
class A.
.
1.15
'
85c
35c
26c
i
19c
—
—
Jan
Jan
2,010
13,300
Z
12c
40c
Apr
27c
21 %c
Z;V 4,250
36c
34c
10 %c
32 %C
18 %c
———
32c
40c
63c
Class
-
32c
7 23
Packers
British Columbia Power
British
Jan
16%
8%
Oil
3,300
12c
——
52
Jan
12c
4,650
.
Jun
24
Traction
British
15,720
27C
39c
Bousquet
Gunnar
May
25%
Roofing...j,
Brazilian
4,275
52c
27c
34c
—_—
Preferred
9% Aug
37c
Cordage common
Brantford
15
5
■
1.46
55c
Jan
16%
37c
16%
_.
Brantford
30c
7%
10
...
Bralorne
161
9%
30c
16c
48c
Aug
Mar
'
Aug
167
1
ZZ—
;/■ 15c
26c
—
26,100
23c
Apr
107
20c
.1
Preferred
Jun
Feb
22%
165
—
Feb
9.25 May
102
...
Goodfish
July
29%
50
1
._
1.90
40 %
10
29
...1
Bonville
1.55 May
9,900
39
167
common—.
Preferred
Bonetal
1.22
39
.100
Gold
Ribbon
14
Aug
29
:
Kirkland.,
Bidgcod
Blue
1.67
Z_!
_
B^ll Telephone.
Bevcourt
8
23,900
...1
_
—
Beatty Bros class A——
Class
15
77c
July
13%
...1
Golden Manitou
30
1.65
Jun
July
4.95
17%
—
Golden, Gate
26% Mar
15
Apr
67/a July
13%
Eagle
35
1.55
Jun
Jun
15c
Jan
52c
1,025
Aug
5'A
78
30
24%
1,200
5.65
40
3% Mar
355
.100
:—
Goldcrest
281/4
1.59
6.25 May
•
5%c Jan
100
29%
5.00
——.—
.
Golden Arrow
830
15
__
5%
29
16c
19%
...1
A_
_
.
18%
common.
Wares
——
19
2,000
.
8c
Lake Z——
Goldale
Apr
22 %c
Jan
Power
Lake
God's
4.25 May
15 %C 15 % c
10,100
100
60c
—
Yellowknife
29
15 V2C
—.—
10c
.
5.05
...
Steel
28'A
10
—
—
Apr
29%
A
Goodyear Tire commonBank of Toronto
65
70
Glenora
1.03 May
Jan
4,200
10
'
:•
5%
class
preferred
Gillies
Apr
12,000
Jun
™
2.23 Apr
July
3
10c
_____
Gatineau
Apr
80c
3,000
35
100
39 %
Jun
Jan
105%
13,000'
455
4%
—100
Francoeur
Jan
36c
387/e
common
—
Motor
Frobisher
Apr
1.24
Jan
38%
Aircraft
Ford
1.13 Mar
35c
4.00
Jan
4.30
}4,400
67c
5.60
4%
Kirkland
9.55 Mar
103%
15%cl6%c
—10
Scotia
Federal
107
May
41c
5
35c
*
Jun
Mar
15c
5,900
1.16
19
—10
20c
36,500
58c
16c
14% Jun
Jun
1.20 Apr
Apr
63c
38%
—:
Grain
Preferred
Apr
6%c
2,100
3.85
.
15 %c
of Montreal
60c
51c
35C
Bank
17c
Federal
100% July
I
Jan
53c
—_—
Farmer
£8c
820
52c
1.19
3.90
—
9c
Falconbridge
Fanny
10c
5,000
104% 104%
1
16c
Jun
27c
5,000
7,500
36c
15c
55c
1
Bankfield
5,550
22c
50c
34c
17c
_
25c
20c
49c
11%
35%
16,700
65c
:
Jan
7.60
100
./;■■/ 95
89c
5.60
Eldona
Jan
73c
85c
....
14 %c
Feb
14
38 %
:85c
14'/'/'
.25
;
Apr /'
14
38
''/I
—
...
Invest
High
Low
Jun
17% July
Jan
9c
...1
——4—
95
100%
Elder
Jun
170
July
86
30
21c
35c
,
9c
530
50c
—.1
Aumaque
6,700
106
5%
62 %
Mar
99% Aug
7 % c Jan
4,000
lie
2% Mar
2,300
.100
—_
Aubelle
9c
88c
—.1
Knife
Wiborg preferred
Aug
8.60
—.1
Quebec—
&
17
97
86c
...1
———
Yellow
Atlas
Jun
325
100
8.40
20C
—1
Ault
140
17%
25c
-1-1
Astoria
10
88c
—_.
Ashley
685
8.60
"
*
Anglo Huronian——
550
44
Economic
High
59
114 1141/8
105%
»
_L__
Anglo Canadian—.
114 %
.100
preferred-
Low
164
9c
Easy Washing
Range Since January 1
4%
9c
:—:—
Shares
1
Range Since January
High
Low
Par
High
58%
.100
& Paper common.
preferred
preferred
6%
Low
STOCKS
Sales
for Week
Range
Z
10 %C
Feb
17% Mar
1.26
39c
Jan
Feb
Jun
30
Jan
19c
Aug
22
Jun
1.85
75c
v
Feb
Apr
f"
1023
THE
Number 4417
,Volume 162
CHRONICLE
COMMERCIAL & FINANCIAL
LISTED MARKETS
CANADIAN
August 17
Quotations for Friday
v
J
-
-1
_„.f-i.————3
"
Nipisslng *
2*63
——
Noranda
Norbenite
Norgold
-—.-1
——a—-.——1
——
_
—
Oil
Nordcrn
_x__*
—————
Northland
.
Northern Canada
Omega
Ontario
1
Loan
Refining—.
&
Oil
Pacific
1—
Pacific Pete.
Jun
20c
20c
Apr
4,300
12Vic
Jan
26c
15c
1,700
6
6
25
6
6'/a
705
'
v—100
————__—
Preferred.
San
Antonio
...Sand
River
—
———100
(new)
Preferred
Gold
;
—.
•
-——
Pete—
South End
—_—1
—1 ■;*>?. •
100
75c
52c
7c
3pringer Sturgeon
1.35
Standard Chemical..9%
Paving common-——-—_*
.
'Standard
Preferred
_
Standard Radio
Stedman
.——„_*
——————_♦
*
—-—
Tip
*
Tailors
Top
8
4314
—
Aug
Toronto
32
14,600
60c
Aug
1.20
Jun
11,700
8c
Aug
18c
Feb
Transcontinental
9c
48c
8,000
44c
Aug
67Vic
2,900
30c
Mar
1.40
July
27
305
1.85
3,900
37c
29c
7,866
16,900
1.19
8c
2.12
Jan
Aug
Jan
110
Mar
Jan
48
Apr
107
30
30
37
3,500
1.55
1.55
1.62
6,500
8
8%
8%
225
41C
43c
5,233
29
29
8
12c
13c
3,300
5%
6%
895
Mar
88c
July
Upper Canada
26c
Mar
Jan
Jun
4.45
Jun
Jan
7.10
1.01
July
Apr
45c
1.30
1.40
200
98c
1.17
900
81c
Jan
:v' 7
1.15
200
1.98
55
58
85
2.75
2.90
21,650
2.45
Jan
13%
13%
100
11%
Apr
7
■
45%
7%
6(4
443
:
41
385
45%
95c
96c
6,937
80c
27,810
18c
7,720
13
12%
13
981
12% Jan
12c
14c
108,808
12c
Aug
70c
75c
2,100
68c
Aug
1.39
47c
1,000
20c
Feb
60c
37 %c
3,600
37c
July
70c
Jun
34
Mar
42
76
510
69
Mar
79%
Apr
22%
70
21
Apr
22 %
Aug
1.40
1.48
2,987
Apr
4,300
750
18
Feb
20% Aug
100%
101
40
99
Feb
101% Aug
T
V
'
'
38
38
100
47c
49c
4,500
36'/2C Jan
Jan
York
18%
195
19%
19%
50
19
Jun
28 y4
Feb
35
335
_^.100
^
*
fc
"
4.55
4.50
4.70
1,621
50c
42c
51c
26,000
35c
Jun
65c
19 %C
18C
20c
12,800
3%c
Jan
25c
Feb
13
13
500
9%
Feb
14
Jun
34%
34%
$1,000
Mines
Jun
5.00
3.30 Aug
V-:
Bonds—
34%
6s
Aug
35
120
335
3%
285
I3
5.00
2%
Jan
4.05
Jan
May
35% May
32% Apr
5Vic
Jan
31c
Jan
1.45
Jan
1.50 Aug
lie
12c
4,000
75c
15,326
1.40
1.50
67c
68c
9,600
66c
Aug
82c
^
12
July
16% May
9
Apr
13% Aug
9
May
•:
10%
19%
19% M
210
15%
14%
155
10 Vi
Jan
99% Aug
155
'
75c
77c'
8,450
64c
53c
4,600
50c
90c
Aug
4c
8c
1.40
3c
Jan
15%
5%
55
8%
*
——
*
38c
Dalhousie
Dominion Bridge
Jun
..
,
1,400
&
Minn
<
Ontario
7
May
8
Aug
Oil
34
Jan
44
Aug
5
•
Fend Oreille
Selections
___.
—
%4%c
1
Paper
1.90
Apr
11
46
Jan
160
July
415
July
75
Jun
22% Mar
26 % July
Jun
4%
2.25 May
56% July
10%
Jun
17
Aug
40c
Jan
37% May
29 Feb
1.28 Jan
11% July
3%c Feb
1.30 Jan
150 ■ ^ ■
2,200
330
500
300
34
34
1.40 1.50
11% ll7/8
4%c 4%c
1.90 2.00
34
1.50
11%
*
Foothills
16% July
May
50
;;
—
•
,
Aug
61
51 July
8% Jan
34 May
130
Apr
225 July
45 % Jan
19% Apr
24 May
2
Jan
1.85 Aug
50% Mar
8
Jan
11 July
28c Jan
170
140
50
. 10
562
125
562 .
125
600
200
10
2,348
55
Feb
30
8
43%
Paper
Aug
10
Feb
„
—
Consolidated
14
125
15%
7%
42%
3%
45
;v
1.84
Apr
7
200
10
4%
Feb
9%c May
Jan
1.25
3,500
9%
May
Consolidated Press class A
26,500
1.35
July
64c
Mar
52c
■
65 %
—
15% Aug
101
56
58
11
11
44
44
149
149
3%
3%
65 65%
20% 20%
26
26
3%
3%
1.85 1.85
55
55
87/8
9%
17
17
38 c
38c
__
'
Apr
19% Aug
Feb
14%
4%
Mar
190
400
.:
99 % 100%
._*
British Columbia Pulp common..;
*
Preferred
_xlOO
Brown Co common
_—x_l
Preferred
100
Bulolo Gold
x5
Canada & Dominion Sugar_u.
_J*
Canadian Marconi
_;
__1
Canadian Western Lumber—.
2
Canadian Westinghouse
*
A
class
Beath
Apr
56
11.
44
149
Steel
Atlas
Mar
230
•
10
10
1.06
6,015
13.00 13.25
11%
11%
Exchange-Curb Section
5.00 Aug
18c
71c
-
Toronto Stock
Jun
4
100
9,900
7
3%
4.80
...
and Issue—
Feb
1.58
14% July
9%c
2.40
Apr
June
Noon Buying Rate for Cable Transfer* In
Value In United States Money
Aug. 25
r.
.251247*
.251247*
UA
Australia, poundBrazil, cruzeiro—
.251247*
.297733*
.251247*
0
3.209816
3.210150
3.210150
3.209130
.297733*
.251247*
r;
.251247*
3.208853
3.209130
.060602*
.060602*
.060602*
.060602*
.051802*
Free—,
revenue
.060602*
.060602*
.051802*
.051802*
.051802*
.051802*
.909090
.909090
.909090
.909090
.903750
.904062
.903750
.903125
.902500
9 0 3'< 5 0
.569800*
.569800*
.569800*
.569800*
bonds
.
Walworth Co.
.051802*
——Oct
——Oct
,
,
.909090
.909090
Official——•——i.
*
*
355
461
608
-
716
——Oct ' 1
stock—
Oc4 1
due 1951
Oct 1
Southern Natural Gas Co., 1st mtge. pipe line 3%%
bonds due 1956—
—
Oct 1
United Gas Corp., 1st mtge. & collat. trust 3s due 1962—Oct
1
University of Illinois, 3%% Student-Faculty Union Bldg.
v
$
.297733*
576
1971
series B, due
bonds,
.297733*
672
*
fechenley Distillers Corp., 5%% preferred
Sioux City Stock Yards Co., 1st mtge. 4s
Aug. 30
Aug. 29
Page
Date
'
pfd. stock—.
—Sep 10
Hygrade Food Products Corp. 1st & ref. mtge. conv.
6% bonds, series A and series B, due 1949—.—.—;—Oct
1
Litchfield & Madison Ry., 1st mtge. 5s due 1959—L——Nov
1
Lorillard (P.) Co., 20-yr. 3% debentures due 1963—
Oct 1
Maritime Electric Co., Ltd. gen. mtge. 5%s due 1956—Oct
1
Maritime Elec. Co., Ltd. 4%% 1st mtge. bonds due 1956-Oct
1
Safeway Stores, Inc. 5% preferred stock————
Oct 1
Saint Paul Union Depot Co. 1st & ref. mtge. 3%%
A ''J
New York
28
$
$
$
.297733*
.297733*
Aug.
Aug. 27
"
-
Die Corp., $6
Greenfield Tap &
1945, INCLUSIVE
•
Free—:.
1st mtge. 4s
due 1955
818
883
♦
884
1
1
611
—
Canada, dollar—
Official
-—
——
.
Free—
—
.569800*
Colombia, peso_—
.020189
France, franc—
4.028750
4.028750
4.027500
(England, pound sterling
.
.569800*
.909090
Newfoundland, dollar—
Official—
Free
;
.909090
.909090
.909090
.901250
Mexico, peso—
.205780
.901250
.901875
,901250
3.223000
3.222000
pound
(Union of South Africa, pound
New Zealand,
4.005000
(Uruguay, peso—
•
.658300*
Controlled
: v.
American
7
4,005000
.909090
7;
.909090
Topeka & Santa Fe Ry.—
4% convertible bonds due 1955..
Convertible bonds due 1960
Atlanta, Birmingham & Coast RR. 5%
.900025
.900000
3.221666
Bausch &
■
;
4.00500»
4.005000
.658300*
.658300*
.658300*
.658300*
.561250*
.561250*
.561250*
.561250*
.561250*
corporate bonds, notes,
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."
Below will be found a list of
and
common
Date
Allied Stores Corp. 5% preferred stock
——Sep 15
Birmingham Electric Co., 1st mtge. 3s due 1974
——Oct 1
Brooklyn Union Gas Co., gen. mtge. 3%s due 1969
Sep 15
Central Maine Power Co.,
Series
H,
due
1st & gen. mtge.
—Sep 24
Co.—
Cleveland Union Terminals
1st mtge.
5% %
5%
1st mtge. 4% %
1st
OF
TENDER
mtge.
s.f. gold bonds, series
s.f. gold bonds, series
Collins & Aikman
Date
Southern & Florida Ry., 5 % debs, dated 1924—Oct
1
Company
and issue—
.
5%% preferred stock
—Sep 27
Niagara Falls Hotel Corp., 4%^ 2nd mtge." bonds——Sep 10
(Walter E.)
fe Co.
Distribution
Page
134
570
~ T 677
due
1956
Electric
3%% bonds,
1966—
1
Oct
——Oct
1
1
B —
s.f. gold bonds, series C—*
Corp., 5% conv. pfd. stock-.
—
Co.,
Nov 10
3% debentures due 1955—Oct
Terminal Warehouse Co.,
Auto-Lite
A——_Oct
—
2(4%
Electric Power & Light Corp.,
5%
Page
345
♦
*779
876
due
132
MehKel
—-Oct
Sep
1
5
debentures due
2030—.Oct
1
1950
5r/a debentures due
670
*
Oct 1
debentures——Sep ^4
--&eP x'
3%s, ser- E'Qct 4
*
Morris Plan Corp.
>
780
7
568
133
353
457
672
i 782
460
>4/5
460
«
783
461
!"
Cold Storage Co. 1st mtge.
Mexican Utilities Co., 7-yr. 7% collateral trust
Monongahela West Penn Public Service Co.6% debentures due 1965.
7% preferred stock—
—
1st mtge. bonds, 4%% series due 1960
—
Nashua Mfg. Co.,
;
'46
Sep la
6%s——Oct l
bonds—Oct
~
4% bonds due
Merchants Ice &
1
•
••
„
.Oct 1
1948_Oct 1
0c^ *
1960—
3%% debentures due 1959-—---—;
Unified mtge.
132
668
5% convertible
———*•""
132
mtge. bonds
—;
stock
Advertising Co.' class "A" stock
Co., 5%
2003
773
781
preferred stock—
Nashville RR. 1st & ref. mtge.
(W. T.)
Co.,
bonds, due
1st mtge. 6% conv.
General Phoenix Corp.,
451
—Sep 17
mtge. conv. 6s
$7 preferred
General Outdoor
Louisville &
1
1,
-
Brush Co.
Grant
130
1
bonds due 1951—Jan
Associates, 1st mtge. & collat. trust
Empire Steel Corp.,
Fuller
Oct
debentures
3%%
%% 1st mtge. conv.
1948
due
Company and Issue—
Curtis Publishing Co., 15-yr.
NOTICES
,
347
1
x————-Oct
Fuel
4% bonds, series A, due 1956
Empire Sheet & Tin Plate Co. 1st
REDEMPTION
562
1
Dec
1951
Eastern Gas &
Notices
preferred
Columbia
bonds due 1952
—
:—
Consolidated Oil Corp., 15-yr. conv.
due
♦Nominal rate.
Redemption Calls and Sinking Fond
873
Dec 1
pfd. stock—__Jan. 1,'46.
Lomb Optical Co., conv. preferred stock
Sep 17
Gas & Electric Corp., 25-yr. 5%
debenture
Cuban Telep. Co.
PARTIAL
*
1
1
Corp., Class A
Atchison,
3.222000
v
3.222666
4.005000
.658300*
.561250*
Noncontrolled
3.223000
4.005000
.301215
.205780
.205780
.205780
.205780
-
Faga
Date
convertible stock.—.
Oct
I. G. Chemical Corp., 5%% debs, due 1949—Nov
Telephone & Teleg. Co. 3%% debs, due 1961-Oct
American
.301215
.301215
.301215
.301215
.020189
CALLED
and Issue—
Allied Products
4.026562
.020189
.020189
.020189
' .020189
.205780
ENTIRE ISSUES
Company
4.027500
4.027968
„
.301215
(British), rupee—.
Cteorgia,
July
68%
Aug
Apr
34
335
Aug. 24
Heller
Jun
95
178
18c
22% Mar
18
Unit
Official
India
14
Jan
803
90
Knitting common
Uchi
18% Aug
15
AUG. 24, 1945 TO AUG. 30,
Argentina, peso—
(
41c
Apr
11,500
11%
of Section 522 of the
*
;
:
Country and Monetary
'
Jan
6
18c
11%
89%,
Tariff Act of 1930, the Federal Reserve Bank is now cer¬
daily to the Secretary of the Treasury the buying Fate for cable transfers in the different countries of the
We give below a record for the week just passed:
^
FOREIGN EXCHANGE RATES CERTIFIED BY FEDERAL RESERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930
Pursuant to the requirements
•
Apt
8c
16c
11%
Foreign Exchange Rates
r
Feb
1.63
July
94c
20%
Company
world,
79c
85c
20%
100%
90c
footnotes see page 1020.
For
tifying
1.77 May
1.20 Jun
Jun
65c
10,348
75
22%
89%
llfmir Yankee
Jun
39c
Apr
*
Wright Hargreaves
Vellorex
Jun
5.10
1.48
100
Preferred
Feb
Jan
3.40 Aug
22
——1
Coghlan —
Winnipeg Electric common
10% May
Apr
20%
Preferred
Jun
•
32c
1.05 May
75
;
Wiltsey
Jun
3.95
3.40
3.60
*
.*
*
1
16% May
26c
17c
500
20%c20%c
20 %c
!■——
Westons common
Jan
2.05
Jan
46
Jan
—
Jun
1.98
12c
Malartic
West
Jun
8%
July
9.10
;
._x——
—
Lake
Wasa
Apr
40c
Apr
8.65
Preferred
Mar
15
Jun
—
Walkers common
3.45 May
15c -' Feb
18,000
27C '
Waite Amulet
Jun
60
Jan
Mar
48
Vulcan Oils
1.65 May
12%
Apr
-
Jun
2.00 Mar
Jan
1.17
Mines ■i—
Vicour
May
22
18 Vi Mar
420
Vermilata
67/a
2.59
70c
*
„1
1
x—1
Ventures
July
14c
Apr
1.98
1
May
6
July
3%
Aug
30
46% May
1.85 July
1.75 May
Aug
4.35
8c
Jun
61c
Jan
Aug
6
11,000
22 %C
May
27%
May
13c
2.40
1.80
36c
4
*
70c
50
Jun
43
37c
'
9%
35
*
3,400
2,100
10
May
240
Steel
2,575
10
Feb
8
45
Oils
6.25
21%
3.15
5%
United
4.40
21
1.40 Jun
4%
'
United
6.00
32c
24 (/a
44
50
25
—
Apr
1.50
75c
mm**-
May
4.30
30c
42c
*
16c
1.06
36%
133
100
64c
800
Apr
Jun
28% Feb
111
Mar
44c
1.55
3.05
3
Feb
1,500
17,450
Jan
25% May
Jan
8
Jan
80c
Aug
25
5c
8%c
20
Mar
90c
Apr
3.45 Aug
34
107
1
class A—
Class B
Jun
May
4.05
133
24Vic Aug
77c
70c»
-
Corporation
United Fuel class A
Jun
15c
34
*
Resources
Union Mining
United
Aug
Jan
Jan
129
100
<■
Mortgage
Union Gas
July
29
26V4 Aug
300
37c
*
Apr
1.15
Feb
10
75
2.00
Jan
2.40
20c
3.35 Jun
10O
Trust
Towagamac
75c
110
Jah
21
1.95
•
11,753
107
20%
—
2.00
1
Toburn
3.90 Apr
•
Jan
2.26
*
Thompson Lund
110
#
5.00
12c
73c
—*
r
88c
43c
—
Siscoe
5.65 May
Jan
Elevator
1.60
(new)....;—--
Sladen Malartic
Jan
51c
General
—
——
B
Apr
3.50
6,100
Toronto
—
——-
Class
6% Aug
8c
1•
Isheep Creek
——50c •
1.50
Sherritt Gordon
1
67c
Sigma
———
.——l ) i 13.25
Silverwoods "(new) common.,
;
* -: 1134
Preferred (new)
*
10
Simpsons Ltd A (new)—
_—i;—*.
19 %
Senator
Jan
47c
——J———.1
10%
6,175
65c
Toronto
45 %
_
*
—_—xi.-——_x_l
145
5.05
60c
Apr
34c
Corp common
Lawrence
St
19%
4.90
63c
Hughes
.Apr
—__100;f|;;.v335
—:
19
5.00
Teck
6% Aug
68c
24 %C
Royalite —————•
Russell Industries common——
10
35
'
Jan
5(4
1.75
49c
f 1814
...
.
6
——*
;
1
Tamblyn common
Feb
1.63
1.08 July
26%
38c
———.—
Jan
44C
1
———10
Royal Bank
2.50
95c
Regcourt Gold —_——————1
Robertson (P L) common—
*
Merger
2,335
39c
v
Rouyn
3.45
Jan
9c
-1
—-——
3.35
Jan
Queenston —_— ——————.
_1
96c
Quemont —--—9.05
Reeves-Macdonald
3.45
—
22c
2.85
-10
-—40
—1
:
■
Sylvanite
65c
13 V2
27c
714
Purity Flour, common
Preferred •
1
1.50
34c
/—
—1
4%c
3,100
40c
——-—1
—.—
Proprietary
Purdy Mica
1,000
2.75
108
——-.—————*
Preston
8%c
2.60
2,000
78c
1-53
—_——1;
8%c
2.70
4,650
__—*
Corporation
14,300
29c
...
Power
7,800
37c
3.30
4.35
6.20
Porcupine Peninsular .1
1 ,
75c
Porcupine Reef
1————
1
31c
Powell Riverr
——*
i 21
Powell Rouyn common———-—'—-If,-; 1.40
;
Voting trust certificates—;>■—.
1.17
Premier Trust
2.90
30c
28c
__
Premier '•
2.80
36c
3.00
27c
—
2.85
Apr
1.21
July
77
Apr
_1
__1
1
Sullivan
Apr
Jan
1.21
•
————-1
———1
Paymaster
——
-1
Perron
—1
Pickle Crow 1
Pioneer
—————.2-1?-,-——1'\-.
Partanen
7c
6'/2C
1414 C
1-80
35c
Cad
Paramaque
Jun
25
67
Rock
Sturgeon River ——
Sudbury Contact
1.65 May
1,500
27
——v-——.x-———'*
—i_———-----1;'
i
Pandora
59 Vi
Feb
Jun
16c
110
06c
9c
48c
95c
*
(new)———
Page Hersey
Pamour
:
50
85c
11c
40c
——
-
—
6,900
3.15
28c
50
1
——*
__—*..
——1 ;
1—
i—
—'
Oreanada-
801
1.05
6%
i—--——
—
Pacalta
,
57%
High
Low
230
76
*
Steep
3.00 Mar
Jan
2.35
Range Since January 1
High
Low
74%
75%
Canada common
Steel of
May
64c
10c
1
——
Shares
Par
16c
——1
0
O'Brien
O'Leary
for Week
of Prices
High
Jun
29c
25,700
1,600
43C
2.65
1.00
—*
-—5
*
Preferred
Range
Sale Price
STOCKS-
since January 1
Low
2.55
-1
———r—14%c
——-—1.21
common___'_
Star
North
Range
55%
56
1.05
—
Shares
38c
38c
Yellowknife
for Week
High
Low
>~'-kPar^-y:,
Nib
Range
of Prices
.."i:Last;,
STOCKS—
Sale Price
'■
r'.r/"
Last
Sales
Week's
Friday
■
Sales
Week's
Friday
;
■
of
1st
i
«
„
°eP
—-—Oct
America pfd. stock, series 1931—Oct
preferred stock-i.--iA-i—».*--ta*-^Oct
*
*
i
2
1
1
«
;4>-
Monday, September 3,
THE COMMERCIAL & FINANCIAL CHRONICLE
1024
v.-'
Newberry (J. J.) Co., series
New York, Chicago & St. Louis RR.~
Toledo St. Louis & West. RE., 1st mtge.
NY
PA
NJ
,ft.„
_
$313
1
ds, due 19aO_Oct
bonds
.—~
Elec. Co.
Portland Gen.
1st
Inc.,
1st
_
series
^Texas
ref.
&
gold debenture bonds,
881
serial
V''-:--
•'
—414
12,888
industrial,
5,948
500
brokers
to
Loans
716
and
dealers
for
U. S. Government
f
U. S. Government
,,'v ,
1955
1
611
Oct
in this
J In Volume
issue.
17
+
38
1
__
+
169
1,420
10,274
—111
Treasury bills
Treasury certificates of indebtedness
32
+
2,062
+
39
+
5,741
,
15
Obligations guaranteed by U. S. Government
2
+
3,337
+
9,939
+
5
Cash in vault
+
'
+
11
—
24
556
2,300
s
+
$6
8,934
+
3,187
Domestic banks__.=.
345
demand
to
Interbank
U.
and
Gov't
S.
17,239,315
Redemption fund—P. R. notes-
687,097
3,585
V
2,415
—
Other cash-.—
Discounts and advances—.
+
852,504
—
442.239
_
2,987
•
.
*____
9,916
+
220,293
—
Industrial loans
42,905
356,940
+
260
—
48,351
—
7,091
—
U.S. Govt, securities:
13,131,639
Certificates-—.-.—-
57.147
—
+ 3,011,307
6,384,511
.
+
107,000
+
3,002,521
1,726.950
+
12,000
+
646,579
—
154,984
1,114,442
-
22,357,542
Unci. guar, sec.)___
Total loans and securities.
-
■:■■■;
104,498
+
7,862
+
Uncollected items
1,658,419
—354,750
+
172,840
Bank premises-.^
33,908
V
_
66,734
.47
—
654
r—
2,027
.+.
198
—
42,807,218
—
—232,909
+
6,144.924
'Aluminum
Advance
Castings
Casualty
Aetna
Life Insurance
&
23,805,183
+
111,002
Foreign
+, 78,696
397,477
American
+
1,938,102
American Export Lines, Inc.
+
—273,780
1,167,951
__________:
2.288
—
409,521
+
;
79,361
American
Factors,
228,950
American
Locker
—
22,308
27,441
+
Chain
17,045,310
—
—175,064
+
1,815,954
1,393,768
__
—170,977
+
132,598
21
+
+
42,259,054
_
—235,018
+
6,059,783
Capital Accounts—
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
171.834
203
+
+
27,165
Other capital accounts.
:
121,012
1,906
+
12,312
+
228,153
40,056
200
+
1st preferred
42,807,218
+ y
-=-232,909
+
32,573
6,144,924
F. R. note liabilities combined
Commitments
to
make
43.9 7a
.1%'
+
9.9%
—
4,962
106
+
1,044
+
&
Automatic
Charlotte
Baldwin
$315,-
holdings of United States Government obligations,
$761,000,000 in United States Government deposits,
and
and
an-increase
of
$143,000,000
adjusted.
in
demand
,
r
Inc.
&
of
Treasury bills
declined
$119,000,000 in
000,000 in the Philadelphia District, and $213,000,000 at
reporting member banks.
Holdings of Treasury cer¬
all
tificates of indebtedness declined $50,000,000 in the Chi¬
District and $111,000,000 at all reporting member
banks.
Holdings of Treasury notes declined $32,000,000
cago
and
holdings of
creased
and
States
Government
in¬
$143,000,000 at all reporting member banks.
6%
United
Time
States
Government
deposits
1
000 in New York City, $16,000,000 in the San
Francisco
District, and $50,000,000 at all reporting member banks.
Borrowings increased $27,000,000 in the Chicago Dis¬
8-30
8-30
9-
5
1
9-15
9-28
9-14
10-
25c
75c
9-28
9-14
1
7-19
9-29
9-10
9-29
9-10
5%
Ex-Cell-O
9-20
Exolon
25c
10-
1
$1.75
10-
1
9-15
9-
9-21
(quar.)—.
$1.50
•
Class
A
5%
Co..
——
Canada Bread,
1st
Canada
Steamship Lines,
Canners, Ltd.,
57c
1st
cum.
preference
non-cum.
preferred
7 '/o
&
preferred
Power
(quar.)—
1
9-14
9-29
9-14
9-29
American
(quar.)
25c
9-15
6%
34'Ac
5c
(final)———
rets,
dep.
25c
10-
1
9-15
50c
10-
1
9-15
lOd
10-5
8-30
Girdler
10- 5
8-30
Gisholt Machine Co.
9-18
Glen
2 'A %
10-. 1
:
Gold & Stock Telegraph
10-
1
9-15
9-14
Grand
9-10
9-15
9-14
9- 4
10-
15c
9-
Rapids
50c
10-
1
9-20
Varnish
—
Shops Inc. (California) (quar.)—
Greening (B.) Wire Co., Ltd.- (quar.)—
Greenwich
'
10-15
(quar.)
Grayson
1
10-1
75c
Co.,
9-4*
8
——
9-12
9-12
9-20
10-
2
9-15
10c
10c
$15c
67a
1
9-20
10-
1
9-20
10-
1
9-20
$1.50
10-
1
9-11
10-
1
9-10
10-
1
9-10
pfd. (quar.)—
9-15
Hearst
1
9-10
10-
1
9-10
10-
1
9-10
preferred A (accum.)—________
Helme (George W.) Co., common—„—
77o preferred (quar.)—
10-
1
9-10
1
9-15
Mfg., common
(quar.)
5%
preferred
6%
preferred (quar.)
10-10
10-31
(quar.)^
—
Powder
Hercules
9-
1
9-10
Hollinger
9-
Quarterly
—
Honolulu Plantation Co
3
1
9-15
15c
9-29
9-14
9-29
9-14
$1.50
9-29
9-14
10-
,
Hoover
9- 8
9-20
9-
9-26
9-12
9-15
9-
6
——-
—
10-
1
9-8
$1.75
10-
1
9- 8
9-25
50c
9-29
9-4
$1
9-29
9- 4
(quar.)_.
(quar.)—;
*
25c
Ltd.—
—— —
—
Company, common
4'A 7o preferred
Hotels Statler
1
$1
50c
(quar.)—
.{A.) & Sons (quar.)—
Consolidated Gold Mines,
8-15
$1.25
50C
Co.
——~
—
43%c
—
$10c
15c
35c
$1.12'A
30c
1
9-10
9-15
50c
—
Co., common- ———
(quar,)-
Furnace
Holland
9-15
Co
& Dauch Paper
$4 preferred
9-21
9-29
1
Consolidated Publications, Inc.—*
Hollander
$$1.50
(quar.)
7%
Hinde
9- 8
10-
10-
10-
common
(.
9-15
9-15
31'/4c
$0,049
.
9-10
9-15
9-25
9-
1
1
10-
4
1
preferred (quar.)—,
Guilford Realty, 6%
preferred
9-14
8-31
1
10-15
1
9-29
10-
9-3
1
4'/4%
9-10
9-
9-20
10-
10-
Greyhound Corp.,
9-10
9-15
9-15
9-11
10-
$27'Ac
1
2
1
7
10-
——
35c
——$1.06'/4
(accum.)—
$1.50
Hall (C. M.) Lamp Co.————
>.
15c
Hall (W. F.) Printing (quar.)———
25c
Harrisburg Steel Corp. (reduced)
—_
20c
10-
10-
9-
1
preferred
9-15
9-10
9-15
1
9-15
—__24c
Gas, $1.25 partic.
Greenwich Water System,
10-2
10-
Participating
■
10-
$1.75
common (interim)
preferred (quar.)
——
Globe-Wernicke, 7% preferred (quar.)
$1.75
10-
56'/4c
4'A%
1
25c
_II
Capital Transit Co.-
4 V
7-24
10-15
$1.50
Glidden
8-29
10-
$15c
50c
40c
——
9-18
15c
$1.31
——
1
9-15
$5c
25c
25c
_______
Coal Co—
Alden
(quar.)_
Corp.
Corp
(quar.)
Corporation
25c
25c
25c
——
Precision Equipment
General
m
Corp.—
Instrument
General
9-10
10-
$1.50
$75c
—
f-
9- 5
8-30
—
—
10-
10-15
Gas
Light Heat
preferred (quar,).
i
9-10
62'Ac
General Finance, common (quar.)—
1
I
(quar.)
t
■
1
—
——
9-14
10-
$52c
Products—
Carey (Philip)
25c
—
9- 4
Transportation Corp.—
American
$15c
(quar.)
Natural
Co., Ltd.,
City
9- 5
•
$25c
(quar.)__
Converters
6
9-12
f,
9-20
9-8
Foundry Co., Ltd.—
Western
Capital
9-24
1
-10-1
$50c
—
Participating
Car
1
Quarterly
General Candy
$1.06 y4
-
8
10-
General
25c
(quar.)
8
9-
10-
9-10
common—
Ltd
8
9-
$1.50
8-31
$15c
Participating
60c
&
9-10
(quar.)
common
9-
1
1
7
1
$$1.50
—
com.
1
1010-
9-
Inc.
$10c
(quar.)—
Ltd!,
preferred
Canada Cycle & Motor Co.,
7
1
——
9-29
$62'Ac
—
10-
5
9-
10-
Corp._
Coach.
National Stores,
Common
(quar.)
class B
9-17
8
9r10
62'Ac
75c
Gas
&
——
$5c
5%
1
(quar.)——
Wallace, $3 class A (quar.)
Truck Co
9-21
California Electric Power Co.—
5V4%. conv^ prior preferred (quar.)—.—
California Ink Co., Inc. (quar.)..,
——_
9-
10-
7
Inc———
Shops
Foreign Light & Power—
67c
1st preferred (quar.)—
Fostoria Pressed Steel Corp
15c
Steel, Ltd. (quar.)—_
Bush Terminal Bldgs., 7% pfd. (accum.)—,_+•
Burgess Battery Co.—
Calgary & Edmonton Corp, (interim)—___
9-
9-15
9-12
First
$1.25
Wheel
9-14
65c
(quar.)————.—
General Time Instruments
Burlington
.
9-
9-15
common—-———
Budd
9-15,
12'/2C
50c
——
(increased)________
9-14
1
Co., Ltd.—
& Sharpe
8-29
1
50c
10-
$1.37'A
$5 prior
8-29
9-10
—
25c
preferred (quar,)_—
—
Manufacturing (quar.)
Bucyrus-Erie Co., common—
—.
77c preferred (quar.)——-——-——
Brown-Forman Distillers,
9-10
10-
9- 8
Fifth Avenue
10-
9-14
9-20
9-14
Forbes
1
9-25
1
9-11
9-17
10-
20c
25c
10-
9-11
1
•.
Fidelity Fund, Inc. (quar.)
——
Fiduciary Trust Co. of New York——
9-
20c
Brown
9-17
—
8-31
1
15c
f
______
9-15
50c
$$1.50
___
(interim)——_
preferred (registered) (s-a)_.——
I
9-29
10-
General Electric Co., Ltd., ADR—
—
Tobacco
10-
—
37'Ac
Co
(quar.)
British-American
15c
25c
62'Ac
——
quar.)—
$2
common
9-20
9-15
50c
(quar.)
& Power Co., Ltd.—
Manufacturing,
Brillo
9-14
1
(Texas)—
40c
—
(quar.)——,
(quar.)—
1
9-17
10-
9-15
9-15
1010-
& Co., Inc
(J. J.)
1
9-29
75c
__
(quar.)
..
9-15
75c
Felin
1
9-15
8-31
9-29
12V2C
—
8-27
1
9-15
1
Co.___
9-10
10-
1
8-31
Water
10-
10-
10-
I
9-10
Federal
10-
9-
12V2c
class A
Cleaner—
Co.
,
9-27
1
$1
4
35c
9-27
10-
9-15
9-
$1.06'/4
8-15
9-10
—_
$1
.
1
10-15
9-15
Motors
25c
:
9-
10-15
25c
Bake
Federal
6
9- 5
9-20
Federal
1
$1.25
•
9-10
9-29
5
9-
1
5
9-
9-29
10-
Fedders
5
8-31
7
9-15
10-10
1
8-20
9-
9-
25c
10c
1
10-
$1.50
series A (quar.)—
1
9-15
50c
—__—15c
—--- y
20c
(quar.)——37'Ac
conv. preferred B
(quar.)—
37'Ac
Manufacturing Co
37'Ac
9-13
12'Ac
—■—
_.
25c
50c
25c
20c
(quar.)
Corp.
9-
25c
(quar.)_'_
9-20
8-20
25c
11-
$1
com.
1
$1.12!/2
25c
Vacuum
9-20
I
1
—
Plantation
9-20
8-28
.9-
Company
Family Finance, common
$1.50 conv. preferred A
9-10
$4.50(,
7a pfd. (accum.).
Eureka
9-20
25c
12'Ac
(Hartford)
(initial
preferred
9-10
10-
_______________________________
B
Class
9-
9-25
—
preferred (quar.)____:
Drug/ class A
$4.50
8
9-29
10-
1
Line Ry. (s-a)
Co.
8-18
—^___
Manufacturing
Emerson
9-10
1
—.J._
common
Electric Co.
Ewa
10-
1
_______—75c
——
preferred
Paso
8-27
$1.50
•
9-
$1.50
Utilities.——
9-11
1
8-18
Co., Ltd.,
Malleable Iron—.
9-29
9-
1
—____
Household
87c
$1.75
9-14
9-
—
Elliott Company,
■■
|: $7.50
25c
$37J/2C
$17VaC
25c
37'/2C
$1
9-24
Cartons (West'n), Ltd.—
Electric
El
9-14
9-24
(accum.)____
preferred
&
Glass
:
$1.50
&
9-15
12'Ac
—
Envel.
9-
4V2C
I2V2C
(quar.)___.i.—____
Controller
9-15
9-30
10-
40c
—
—
9-15
30c
RR.
Canadian
Deposits credited to domestic banks increased $47,000,-
9-11
9-17
12!/2C
—
Auto-Lite_—
9-10
(irregular)——
& Sons
Canadian
declined in all districts.
9-29
;-vy'
______
(initial quar.)
—i—
Co., common (quar.)—_
preferred
Canadian
$86,000,000.
25c
Canadian
$60,000,000 in New York City,
1
9-15
10c
50c
(quar.)
Electric
8-31
Bridgeport Brass Co., common
5 'A % conv. preferred (quar.)
deposits increased in all districts and the total increase
was
8
Canada Dry Ginger Ale, Inc.,
$4.25 preferred (quar.)„^
deposits adjusted increased $75,000,000 in
Cleveland District,
9-
Decker Manufacturing
(E. J.)
6%
bonds
$39,000,000.
Demand
the
United
50c
Creamery
& Albany
Brach
.
Holdings
(irregular)____—
preferred (quar.)
Creek Railroad (quar.)
Boston
^
New York City, $41,000,000 in the
Chicago District, $24,-
U',-,
9-15
15c
62V2C
(Initial)
Electric
Brazilian Traction Light
Loans to others than brokers and dealers for purchas¬
ing
or Carrying United States Government obligations
was
Lomb
:
■}:
1
Ordinary registered
nearly all districts and the total decrease
$122,000,000. v
V>;;
9-14
50c
—
Easy Washing Machine Corp.,
Class B
^
5
4% conv. pfd. A (quar.)
pfd.
preferred
Black &
deposits
in
9-28
25c
Group,
Common
5
9-
Corp._.
Optical Co.,
Asphalt
,
99-
___.
6%
Co.,
Barber
.
declined
9-30
9-11
preferred
Eastern
8-31
Bangor & Aroostook RR., 5
Beech
,Au,g,\22: Decreases of $118,000,000 in loans,
9-30
10-15
10-
—
Dominion
9-15
9-15
9-13
Air
Alarm
Fire
Foods,
4%
m
6
10-15
$1.50
$1.75
(quar.)——-———
$87'/2C
common (quar.)_
t$1.25
77o preferred (quar.)
—
f J$1.75
Draper Corporation
(quar.)
75c
Duke Power Co., 7% preferred (quar.)..—.
$1.75
77c
:;y
7
9-15
Arnold Constable Corp._——
$4.25
©00
1
$1.25
7% pfd. (quar.)—
67c preferred (quar.)_i._
Apex Electric Manufacturing, common—.—_ >
l('/c preferred (quar.)
,___
Apex Smelting Co. (initial)
.
-i
Atlanta
9-
1
Tissue Mills,
Beatrice
changes for the week
10<10-
Tobacco,
Bausch
The condition statement of
weekly reporting member
banks of the Federal Reserve
System in 101 leading
cities shows the
following principal
43 3/4 c
(accum.)
American
B/G
Indus-
trial loans
9-
9-11
(quar.)—
—
Co.
Hudson
&
Long Hook & Eye
Distributors
Corp.—
Automobile Insurance
Ratio of gold res. to deposit &
9-20
50c
Co.
•Atlantic Refining Co.,
Total liabilities & cap. accts..
1
9-15
9-21
1
Dempster Mill Manufacturing Co
Detroit
Steel Corp.——
9-22
50c
(quar.)
Optical Co.
American
Total liabilities
9-15
9-25
1
(quar.)
Ltd. class A
Co.
Chemical Corp.
Extra
4
3:5c
Metals——
&
De
4
9-
$1.50 cl. A (increased)
American Superpower
$6
9-
1
9-30
40c
Ltd.
Co.,
American Stamping
1
10-
common
i—
(quar.)__
(quar.)___
American Machine
1,102
9,793
9-15
10-
10-
(initial)
B
Delaware
r
10-
$1.50
_____
Cable Co.,
&
preferred
American
Total deposits.
Deferred availability items
Other liabs., incl. accrd. divs
1
10-15
10-
——.—-
Publishing
Deisel-Wemmer-Gilbert
9-14
9-25
$1.25
(quar.)—_—
4,110,129
5%
15,070,361
0.6. Treasurer—gen. acct—
>
30c
(
_
Corp., class A
Sugar
+
Deposits:
Member bank—reserve acct—
1
10-
$1.25
—
Davison
of Rec.
62'Ac
...
Engineering, 5% pfd. (quar.)
Allied Chemical & Dye Corp. (quar.)—
Amalgamated
notes..,
10-
$1.37'/2
:
'
Dominion
Holdert
When
Payable
12'Ac'
—
Security Co
Co. (quar.)__
Aetna
Allied Products
Liabilities—
■
Federal Reserve
8-31
1
—
Doernbecker Manufacturing
Per
Name of Company
Aetna Standard
Total assets:
8
10c
—
Co—
Divco Corporation
Share
26
—
25c
»0c
+5c
deposit receipts (interim)______
(quar.)
—_
Leather
Class
•>'
Industrial and Miscellaneous Companies
18,545
+
no
98,574
$1.75
Corp., common———
(quar.)
—:
Extra
Davis
this week are:
The dividends announced
6,855,272
+
22,802,768
Due from foreign banksF. R. notes of other banks—
Fibre
-
Crowell-Collier
are
.
Extra
'•+
grouped in two separate tables. In the
first we bring together all the dividends announced the
current week.
Then we follow with a second table in
which we show the dividends previously announced, but
which have not yet been paid.
Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
+6,505,423
61,853
■; +
50c
Creameries of America, InCi
;
declared.
Total U. 8, Govt, securities
Other assets
DIVIDENDS
232,546
-
9-11
9-
U
joa
prior preferred
$3
Dividends
17,926.412
1
Courtauld's Ltd..—
—1,085,050
6,000
+
9-17
1
10-
——
(resumed)
Gin
Cooper-Bessemer
1944
—
9-20
5
Southern Corp.—
.r.v
:v
(payment is proposed to be
made 28 days after the date of the SEC
order to the holders of preferred stock
at
the close
of business on the 14th
Continental
.
5
9-
&
Continental-Diamond
accounts,
9-
preferred
American
due from U.S. Treasury__—.
Total reserves
257
12,046
hand and
©old certificates on
+
Aug. 30,
1945
201
41
+
+
deposit accounts except
during week
-) Since
Aug. 22,
+1,296
2
—
1
9-
9-20
10-
$1.25
Commonwealth Water & Light—
$6 preferred
(quar.)
:
$7 preferred
(quar.)
—
Compo Shoe Machinery Corp., com. (quar.)_
$2.50 conv. preferred (quar.)__
,
9-10
9-15
^
Commonwealth
459
+
50
!+
; 1,074
Foreign banks
Increase ( + ) or Decrease
:
9,872
»
Borrowings
Debits
1945
9-21
—
day after date of such order) ——-—
Water, 5V2% pfd. (quar.)__
+1,892
86
+
—761
12,288
Interbank deposits:
Aug 29,
9-15
1
(quar.)—tlOc
Commonwealth
168
;■
+ 143
37,587
deposits
U. S. Government deposits
Assets—
1
1
10-
Commercial Shearing & Stamping—
1,056
11
+x
LiabilitiesDemand deposits-adjusted
(In thousands of dollars)
1010-
(irregular)
—Alcohols Ltd., common (quar.)_
preferred
87o
+ " 392
19
Reserve with Federal Reserve Banks
Time
Reserve Banks Combined
*
Pictures
Commercial
584
—
6
—
(quar.)
Chemical Co.
Clorox
Columbia
—
9,473
Treasury notes
8-31
(quar.)——
Valve Manufacturing
Mail Order (quar.)
(quar.)—
—
Water Works, 7% pfd. (quar.)——
Clinton
735
—
■
9-
9-15
$4.50 preferred
—1,904
—213
8-15
9-30
27c
preferred (quar.).
Clayton & Lambert Manufacturing Co
Cleveland Electric Illuminating, common—
14
—
4
9-10
9-15
7%
67
+
3
+
—
1,473
Balances with domestic banks
161.
v
Molded Products————^
Chicago Towel Co., common
—;
$7 preferred (quar.)—
—
Cincinnati Gas & Elec., 57c pfd. A (quaf.)_
Citizens Water (Washington, Pa.)—
*
735
+
13
+
83
Other securities
924
Voungstown Sheet & Tube Co. preferred stock.
•Announcement
819
Chicago
222
—122
9-
S
——.
——
preferred (quar.)_.
4.15%
643
+
25,273
_Sep 15
.
+
14
1,058
Other loans
47*
Hospital Association, class A -mtge.
due
bonds
21
—
408
Loans to banks
«
.
1,706
obligations
Real estate loans
610
53
Common
Chapman
58
+
827
__
1
*<>
.
Chicago
1,385
;
9-12
9-20
,
610
'
;
Other loans for purchasing or carrying:
609
■
1,802
—
pur¬
obligations
Other securities,.
608
$2490
1
chasing or carrying:
818
1, '47
July
series A, due 2022
—'
6,774
+
—118
,
agricultural
and
1
10-
Mines (quar.)—_—_—
Central Vermont Public Service Corp.—
+
■
9-12
10-
W
beneficial int. (irreg.)
preferred ctfs. of
4%
7
1
Central Patricia Gold
''
Leather Co.,
States
Suburban
West
62,680
V.
Commercial,
*
Inc.,
Co.,
Roofing
United
1944
9-19
9-
10-
——
Central Coal & Coke—
Aug. 23,
1945
Loans and Investments—total
395
$1.40 preferred stock—
Sep 15
7% prior preference stock—Oct
1
United Steel Corp., Ltd., 1st mtge. 5s
Sep 15
Tilo
Assets—
817
Power & Light Co.—
6%
Aug. 15,
1945
Other securities
bonds, series D___
5%
mtge.
Aug. 22,
(quar.)
preferred
Cassidy's Ltd., 7% preferred (accum.)———
Centennial Flouring Mills Co.
(irregular)—
Increase (+) or
395
—Oct
Dec
C
and
B
General
.+
.
(In millions of dollars)
679
bonds,
mtge. 5 7*
Pacific Ry. gen. & ref.
&
Texas
,
t'
of Re0.
9-13
Carpenter Steel Co. (interim)—,————<
Case (J. I.) Co.. common.—
—„
Decrease (—) Since
preferred
6%
Co.
;
.
679
stock.—
——Oct 1
Reliance Mfg. Co. of Illinois, 7%
preferred stock
=__Nov 1
St. Louis Car Co. 1st mtge. bonds
.—
_____Oct 31
Schuyler Hudson Corp., 4% 1st mtge. bonds due 1947__Sep 15
Socony-Vacuum Oil Co., Inc., 2 % % debs, due 1955_
Nov 1
South Coast Corp., 1st mtge. 5s due 1955
—
Sep
Southern Bell Tel. & Teleg. Co. 3'/4% debs, due 1962a—Oct
Standard Oil Co. (Ohio)
4'/4% conv. pfd. stock.——Sep
Oil
Pure
>
(quar.)
1st preferred
Carnation Co., 4%
1
10-
t
Holder«
Payable
snare
Company
Name of
17o
784
SeP 15
preferred stock
Sep 6
Co, gen. mtge. 6 7o
———
—Sep 7
& ref. mtge. 4»'2s due 1960_Oct
1
5% debentures due 1951—-Sep 20
and 2nd preferred stocks——
*
—Sep 24
Steel Car Co.,
Pressed
member banks follows:
——
Pennsylvania Telephone Corp., $2.50
Philadelphia & Reading Coal & Iron
income
A
,
.
$41,000,000 at all reporting member banks, and
$25,000,000 in the Cleveland District.
summary of the assets and liabilities of reporting
When
Per
trict and
declined
non-cumul. preferred stock
$3
Co.,
Utilities
scrip
and
Page
^ate
"A" 5% preferred stock____Sep 24
Issue—
and
Company
I
1945
10-
1
9-18
9-14
9-12
9-
7
4*
.
'rl
Volume
162
'■■;•■;' '.'.'
Huron
Hyue
•
Share '
Name ot Company
Hubbell
iHarvey)
i
(quar.)
Erie Mortgage Corp. iquar.)
&
Park
'When
of Jteo.
Inc.
breweries
40c
'
$$1
8774c
1
__
.
(irreg.)____
Assn.
Ideal Cement Co. (quar.)
1-
Imperial Paper & Colour."
Indiana Gas & Chemical
-9-20
10- 1
10- 2.
9-29 :
10- I f
-
-25c
75c
l_
9-15
$1.20
preferred
.'•*
75c
30c
'9-10
Sonotone
9-15
Soss
Inland Investors, Inc
International Metal Industries,-.Ltd.— :
—
9-20
10-15"
50c
15c
_____
30c
Corp.
(quar.)
Corp.
___________
10- 1
9-15
9-29
South
Pittsburgh Water, 4Vi%
Southern & Atlantic Telegraph Co., Ltd.
5
Southern
9-19
Southwestern
Corp
Associated
$$1.1274
10- 1
9-10
10- 1
10- 2
9-10
International
10- 1
9-14
$1.12 Vz
10-15
$6
(quar.)
Silver
pfd. (quar.)__i.
Engineering Corp.—
Co.,
Interstate Aircraft &
Special
$1.75
7%
$2.10
pfd. (accum.)
$1.80
_
4
Joplin Water
Katz Drug,
Works,
6%
preferred
$4.50 preferred
Lang (John A.)
& Sons
Latrobe Electric Steel
(quar.)_
(quar.)_____
Stetcher-Traung
5
Sterchi Bros. Stores,
9-
5
Strouss
9-
5
Sunset
9-15
10-
1
$2
9-22
8-30
5c
9-15
9-
Refineries
(quar.)_
15c
9-10
50c
9-27
1774 c
$1.50
$1.25
9-17
9-10
9-15
9-29
9-
1
9-
7
Casualty Insurance
Locomotive
MacKinnon
57}'
Structural
preferred
Magnin
(I.)
Marion
Maritime
7%
7%
Tel.
&
Tel.,
preferred
_________
preferred
Ltd.,
(quar.)——..
com, (quar.)
(quar.)..
—
'Mairtin-Parry Corp,...—................
9-20
9-20
9-15
9-10
$1.62'/a
5c
9-28
9-10
9- 1
9-29
9-18
15c
10-15
Minnesota Mining & Manufacturing Co.—35c
Monongahela Valley Water, 7% pfd. (quar.)
$1.75
Monongahela West Penn Public Service Co.— •
9-10
10-15
77} preferred
Monroe Chemical Co., $3.50 preferred (quar.)
10-
Matson
Navigation (quar.)
McCrory Stores Corp. tquar.).
.......
—
Messer Oil Corp
Meyer
(H. H.)
20c
Packing,
Miller Manufacturing
Class
A
674%
Co.,
(quar.).
pfd. (quar.)..
common..—
_____
—
Mueller
Brass
Mutual
System,
Myers
Co.
(P. E.)
Nashua
Oil
9-29
$1
9-28
9-15
$1.25 '/a
New
Idea
New
Inc.
1
10-1
9-15
9-29
Jersey Power & Light, 4% pfd. (quar.)
7% preferred (quar.)—.
Co..
$1
—10c
9-
9-10
3-31
9-29
50c
9-25
9-
9-15
8-31
Telephone Co.—
preferred
'
1
<quar.)„
Water,
$6
Confectionery, $2.50 class A
Ohio Seamless Tube, common...
Oneida,
6%
$1.50
Ontario
Manufacturing
$4.25
$4.50
preferred (quar.).—
Extra
Racelot Manufacturing
(quar.)
Pacific
Coast Aggregates
Pacific
Public Service
Parrafine
Cos.,
common
________
Works,
Circle
Perfection
5%
Sugar,
Water
Peoria
Co.
7%
.
Railway Equipment
6%
1st preferred
Ralston
Purina
Rhode
Co.,
Spring
Island
Riegel
Corp.
Paper
;
9-15
Aero
10-
1
9-15
1
1
9-11
1
9-
(quar.)__
——__
Preferred
&
—■
—
Ruberoid
fc?
(quar.)—
—
Products, Inc. <quar.)_
—
Works, common.——
4% rU, preferred iquar.)
Brewing
Schenley
Co.—T__
Corp., 5^% pfd. (quar.)
Manufacturing Co. (quar.)___
Scranton
Electric,
$6 preferred (quar.)_
Securities Acceptance Corp., com.
(quar.)__
5%
preferred A (.quar.)
Seeger-Sunbeam Corp.
'
Silverwood Western Dairies,
10-
2
10-
1
9-29
9-10
9-
pfd. (quar.)
1
9-
,
10-
1
9-
& Roller Bearing
10-
1
10-
$1.25
:
9-24
1
1
9-24
1
9-29
IOC
$1 :■■■
1
7,
•
.
Inc.
$5
Power
9-24
9-14
if
9-21
9-10
$50c
9-29
1
10-
preferred
V 9-28
9-28
15c
9-25
9-10
9-10
1
9-15
9-20
9-
Allied
75c
10-
1
9-29
9-
8
10-11
9-20
9-29
9-
10-
1
(quar.)__
9-
10-
pfd. (quar.)
include divi¬
given in the
o1
Rec.
9-
6
9-
6
10-
1
9-29
9-29
10-15
-
9-12
8-22
9-14
Ry.
Co.
(s-a)_
25c
9-
9-15
;;;:i 10- 1
1
Co.,
common
6%
Goods Mfg.
—
common...
(quar.)_——
(St. Louis)
Insurance
Note
Co.,
Bloch
v
preferred
77o
Chicle Co.
American
Cigarette
67o
(quar.)__.
American Cities Power & Light Corp.—
1
9-20
9-10
$2.75
8-25
Cash
American
Colortype
9-,
1
American
Cyanamid
10- 1
10- 1
9-10
9-20
$$1.25
10- 1
10-
1
1
9-15
11274c
9-15
8-31
9-8
8-15
9-15
9-
;
10c
8-31
9-15
8-31'
*9- 5 '
$1
10-
1
10-
1
10-
8-31
1
8-31
t$ 2
10-15
""'9-22
JlOc
> 9-15
<
6274 c
______—
}'!/
i
9-lfr
9-15
9-15
9-14
25c
10-
$1.75
preferred (quar.)
9-
4
9-
1
9-12
30c
common————
9-29
9-29
•
30C
(quar.)_
8-15
.
9-29
75C
—
Corp——
1
9-15
r
t$l
—
—:_
common
9-
9-17
:■
20c
______
——.—-
(quar.)
common
7%
5
8-31
I25C
—
Corp.,
9-
9-29
35c
7
8-31
:■
District
Silk
9-
Bolt
Bullard
Burroughs
—
8
C
9-
7
1
9-13
10-
1
9-11
9-
9-
9-10
9-
5
50c
1
10-
1
15c
B-l 4*
9-15
Co
75c
10-
Canada
7*
Class
9-.
1
1
9-
1
10-
Canada Permanent
9-
7*
Class B
10-1
$3
10-
2
9-21*
10-
1
9-21*
$1.25
$1.50
9-15.
9-
9-15
10-
8-31
9-15
9-15
8-31
9-17
9-
8-29
$$1.25
—
9-20
8-2*
tlOc
(quar.)_—
77o.-
Corp.
iquar.)_
Canadian
General Electric
9-
4
Canadian
4
Canadian
Industries,
Class
<8-16
1
1
7%
9-20
9-20
V
9-20
preferred
Canadian Oil Cos.
8%
preferred
Ltd.,
8-31
1
9-15
9-15
8-31
9-15
8-31
$20c
10-1
8-13
$85c
10-
8-1.4
$25c
10- 2
10-
.
"$$1.75
$ 30c
(quar.)— _
(quar.)——
Corp.,
Ltd.—
(quar.).,:——
class A
(quar.)_,
—-
(quar.)-—.
--t
Ltd. 8%> preferred (quar.)
(quar.)
Pacific Ry. Co. (irreg.)_______
Wirebound Boxes class A—
Canfield Oil. common.......;
—
6% preferred (quar.
9-4
1
10-
1
B
9-15
10-
8-31
1
10-
9-15
$30c
;
Ltd.
(quar.)
10-
1
10-
$25c
com.
Investment
Foreign
9-
$1.50
10-
$$2
$$1.62 74
common
Food Products,
1
$1.50
1
8-15
$75c
preferred (quar.)
1
12 74c
9-
9-14
.———
Cottons Ltd.,
Canadian
40c
______
•i.:'
9-15
$25c
(quar.)____—I—
preferred
10-
1
9-20
9-29
—
10-
10-
1.
$50c
(quar.)
25c
$1.183/4
:
3
$$1.25
$$1
preferred (quar.)
Breweries, Ltd.
Electric, common (quar.)_
4%% preferred' (quar.)_
American Hair &' Felt Co. common
&
8-31
9-12
—
Mortgage
1274 c
9-
9-11
9-15
ioc
(initial)
$3.40 conv. preference (quar.)—_________
Canadian Celanese, Ltd., common
(quar.)
1
9-10
1
9-29
Wire & Cable Co., Ltd.—
A
674%
9-15
1
5
25c
Copper (quar.)
(quar.)——
Canadian
6%
68 %C
9-
50c
9-1
9-29
9-1
9-15
..
$25c
9-15
$1.75
9-
9-15
50c
—
ls-a)—
9-29
9-10*
1
9-15
25c
Life Insurance—
Ltd.
5
8- 3
1
9-
50c
.
States
10-
8-29
9:
35c
;
Packers Class B_„
Canadian
;
9-5
—
$1.50
,8-31
(quar.)
9-29
$1.75
Co., common—
Canada
9-15
(quar.)—
9-12
10c
10-
50c
9-13
9-15
9-1
9-20
8-24
—
9-13
10-15
8-15
9-15
9-15
(quar.),—.——
__—
9-27
20c
9-15
;
50c
vy.
9-27
20c
8-15
1
—--
(quar.).,,
Malting Co.,
A
2-14
9-15
20c
Cycle & Motor, 5% 1st pref. (quar.)_
25c
preferred
pfd.
Canada
class
I
2-28-46
25c
;—
Canada
,
common—:—_
1st
9-
(quar.)
8-22
1
Canadian
2nd preferred
8-3t
9-15
UOc
—
9-14
9-15
10-
8-17
67«
9-15
$1
Campbell Wyant Si. Cannon Foundry—
Canada Cement 674% preferred (accum.)
Canada Crushed Stone, Ltd.
(interim).
8-17
$6
$75c
50c
9-10
.
5
8-13
10-
1274c
Hecla" Consoiwated
Calumet &
8-20
9-10
10-
1
10-15
_,j———_—
Service
Water
9-
I
9-
93%C
$1.25
Utilities
Pacific
1
10c
(quar.)——
Corp.
Mills
California-Western
8-10
$1.50
IO-
5UC
Class A—.
preferred (quar.)—
9-15
Gas
8-15
J25c ;
8-15
$$2
57a
9-11
Co.,
9-15
i.
$20c
quar.)—
Ltd. (interim)—
Machine
7%
Co.
Cotton
California
8-17*
5
•
9-11
Hoe
8-31
(quar.)—
—
Financial
T
California
•
7*
9-28
I
10-15
&
9-15
—_
(quar.)
Adding
California
$1.75
(quar.)_______—.-j-.
Pr. 6% pfd. (accum.)_
Foreign
$7 preferred -(accum.)__
Fork
Ltd.
Co.
Water
Butler
$1.50
&
8-25
——
,
Company
J.)—
______
preferred
(initial
Iron
preferred (quar.)
Pipe Line Co.,.
$1.25
5%
American
9-
9-10
(quar.),—~—
(quar.)L,
& Wire Co.,
Buffalo
9-20
9-10
40c
:
Buckeye
7
10-
9-30
•
;':V
50c
Note
Co.
4
9-17
9-11
62 */2 c
tioc
$5
9-
1
9-20
10-
$1.50
—
—.—
iquar.)
Packers,
G.)
Mills,
9-15
35c
$i.i2y8
—
A
common—
preferred
(E.
9-
20c
(quar.)—
(N.
Oil
Columbia
Brooke
Bruck
9-25
:
Co.,
British
Fence
8-13
9-29
50c
—
Bank
American
&
1'
9-10
Co
class
British-American
(quar.)
preferred
of America
Briggs & Stratton Corp
33A%
9-15
15c
$1.50
iquar.)—_—
Corp.
1
40c
67o
(quar.)——;—
Bearing
Corp.,
$1.50
(quar.)_
—*—
Corporation
British
pfd.
"
^
Common
American
1
Breeze
9-15
7
9-10
(irregular)
(quar.)
Loan,
Tobacco,
Roller
$1.25
American
9-
Co.
Co., common
(quar.)
Telegraph Co.
preference
American
9-15
9-10
9-10
7c
20c
Co.
Canadian
Class A (opt. div. series) of 1936.
l/16th share of Class B stock____
1
5%
—
or
9-
10c
31740
1
—— _
(series of 1938)
pref.
preferred
9-29
$1
—
preferred
9-
9-
9-10
10-
$$L75
Co.
Stores, common
Brewing
10-11
$1.75
(quar.)_—
(quar.)
& Cigar, common
American
10- 1
1
(quar.)—
Corp.
Inc.
8-31
10-
$1.50
—
Corp.
Gas,
Bros.
10-
20c
common
67c
8-23
$1.50
Ties.
9-20
9-15
14c
$1.75
(quar.)—_—
Inc.
.»
10-22
——
pfd. (quar.)__—
Birmingham Water Works 6%
1
80c
9-20
50c
Co.
Steel
Blaw-Knox
1
30c
Chemical
Agricultural
9-20
1
77o
(quar.)
Canada, Ltd. (quar.)
Industrial
Birmingham
11-
(quar.)____
American
9- 5
10- 1
9-25
8-29
Co. of Canadd (quar.)_
Quebec Mines (initial)—
Beneficial
10-
75c
10- 1
9-
8-15
9-10
—_
<N. Y.)
Packing
Belleterre
9-~7
Inc. (quar.)__
—
Amalgamated Leather 6% conv. pfd. (accum.)
Industries,
Aluminum
10- 1
9-10
8-2!
9-10
75c
dividend)
pfd. for each ten
held———
Belding Corticelli, Ltd.,
77o preferred (quar.)
8-31
1
20c
(quar.)__—
preferred
8-31
8
25c
(quar.)__—!
America, common (quar.)_
of
8
9-
$1
preferred (quar.)___
—__—
American Can Co. 7% preferred (quar.)
American Car & Foundry common (irreg.)__
9-15
conv.
of
Brummell
Beau
$3
(quar.),
Corp.
Manufacturing
(quar.)
Co.
Aluminum
9-
50C
American Bank
9-12
10-1
10- 1
3774c
:
——;
3774 c
Eeech-Nut
9-15
10-1
15C
5
3c
$1.37V2
«..*■'
9-15
(quar.)—
$1.50
Inc..
9-11
8-20
1-2-46
$2.50
25c
common
Brunswick-Ballce-Collender Co., com.
10-
40c
Automobile
1
9-12
9-29
$1.25
—
1
4'
9-12
9-29
50c
—
pfd
8-31
$1.75
—
5
9-
common
—
(stock
Co.
Cigars,
$1.25
Asphalt Roof Corp.
9-10
Co.,
& Coast 5%
Andes, American shares—
Oil
Brown
$$1.75
—___
American
3-30
9-
>
$1.07
Bayuk
8-20
9-15
10-1
20c
Alpha Portland Cement
Aluminium, Ltd., common
9-25
10c
50c
$0,297
9-17
9-15
common
Bristol-Myers
(quar.)___
9-
9-15
9-15
9-10
10- 1
9-26
common
Refractories, Inc
—,—
—
& Lomb Optical Co., 5% pfd.——
Brandon
Holdert
Payable
$1
75C
9-
1
10c
$1.0674
57o
(W. H.)
Barnsdall
9-5
9-15
(Watertown,
9-15
10-
(quar.)—
(quar.)__—__—______—_
—
Bendix Aviation
40c
American
9-20
J.
9-
$1
Bausch
8-20
1
3774c
(quar.)—
9-15
10- 1
1
9-
preferred
Basic
<8-22
1
When
$$1.25
;
8
9-11
9-10
$1.50
9-
(quar.)
Barber-Ellis Co.
9-14
9-14
f
Companies
40c
9-14
9-29
9-15
1
10-
9-30
Refining,
of
$2.50 prior
(quar.)
Products
Aluminum
10-29
9-15
9-28
iquar.)
Hydro-Electric,
Barber
^
(quar.)
Laboratories,
Preferred
5
,
9-20
Bell Telephone
(quar.)____——
Co.
preferred (quar)
& Vicksburg
Allied
1
9-25
10-
15c
15C
9-15
Bankers Trust Co.
8-31
—
Share
Co., $7 preferred
Allis-Chalmers
10-
v
'
9-24
1010-
;
1
10-
50c
Allegheny Ludlum Steel Corp
9-
8-21'
pfd. (quar.)_„_
pfd. (accum.)__
(quar.)
Bankers National Investing
Co.—
Alabama
9-
9-10
9-30
Co
Los
de
67o
7
10-15
25c
&
share
Banco
$1.75
quar.)
class A
Co.
9-
9-28
8-22
200%
—
t20c
Company
Bangor
7
$1.25
Miscellaneous
9-10
8
dividend)
(accum.),.
;
preferred (quar.)
Investment
shares of
9-11
1
50c
(initial quar.)
Associates,
$6
7
9-15
20c
5'/o
1
10-
.
Alabama
12V2c
(quar.)
Distillers
Scovill
Autocar
8-21
9-
10-
—
convertible preferred
Air
25c
25c
(quar.)_
Water
Schmidt
5%
8-20
9-14
9-7
.
25C
—i
Agnew-Surpass Shoe Stores, 7%
20c
Steel
Schlage Lock Co.
4:
9-15
$20c
V
Oil
Powder
Atlas
9-15
1
5
9-25
"
Institution—
common
Agricultural Insurance
N. Y.)
(quar.)
25c
Co.—
Class B
Jose
1
$1.50
$10
and
(increased
Ball
9-10
$1.25
$1.25
—
Helens
Safeway
Aetna
1
i62V2C
20c
common.—
Pulp & Paper
St. Louis Public Service, class A
San
9-20
Steel
1
f50c
*50c
(quar.)
Co.,
10-
75c
(quar.)
Supply Mfg.
9-
25c
10c
(quar.)
prior preferred (quar.)—
preferred (quar.)
5 7}
7
(stock
67a
Refining Co.,
Corp., common
Atlas
1
Sugar Reiining—
preferred
10-
$1.50
partic. class A preferred (quar.)______
Robertson (P. L.) Mfg., common (quar.)
5%
9-29
10c
preferred (quar.)
$2
Rockwood
Laboratories,
Acadia-Atlantic
9-15
1010-
10-
Silk Mills—
Riverside
10-
1-21
9-
25c
conv.
Ltd,
preferred
One
Name of Company
•
preferred
Acme
9-15
$1.50
93%c
50c
25c
'
(quar.)—
9-
10-22
$1.50 1-31-46
6%
Atlantic
9-14
9-15
15c
47'o
1
50c
$1.75
Co..___—
Insurance..
Stoker
Abbott
1
50c
-
Richmond Water Works, 6% preferred (quar.)
Riley
1
.
(accum.)—
3%%
'V
575>
,9-20
1
9-29
20c
Per
10-
$1.25
& Realty—
2nd preferred
Co.,
Reading
Reynolds
10-
6274 c
11-1
$1
preferred
Atlanta Birmingham
Bond
Industrial
10-
(quar.)——
(quar.)—$1.75
preferred
10-
10c
original preferred
1st
Associates
give the dividends announced in previous
we
^
9-10
25c
i
Publication Corp., common voting (quar.)
Common non-voting
(quar.)__
7%
8
8-23
1
5'
9-21
(111.)—
preferred
Bower
9-10
25c
75c
12]/2c
(quar.)
7%
9-
9-
1
1
10-
$1.50
pfd. (quar.)____
Co
Oil Co.,
Gas
Corp.,
Ashland
20c
Oklahoma—
of
9-15
prior
47fc 7o
15c
Corp.___
Co.
preferred
5%
$7c
interest
.i_
6 7a
8-3*
J 10c
Ltd.—
.
10-
Armstrong Cork, 47<?
Asbestos
preceding table.
9-10
_______
Service
Public
4(47o
25C
•
10-15
8-23*
•
1
Washington Insurance (quar.)
&
1
weeks and not yet paid.
The list does not
dends announced this week, these being
$1.75
Co.
9-
$6
v
Betnlehem
$1.75
a_..
Metallurgical (quar.)_—
Pittsburgh Plate Glass Co. (quar.)
Potter
8-24
9-10
9-10
37'/ac
Pittsburgh
Providence
9-15
$1.50
.
9-
15c
1
9-12
$4
9-1
(extra).
preferred
5
$1.75
(quar.)
Thrift
9-
9-29
12 74c
i
9-12
<interim)__
9-18
50c
_
Pittsburgh
,
10- 1
$1.75
(quar.)
9-18
$1
-
9-14
Berghoff Brewing
$5
pfd. (quar.)______
preferred (quar.).
10-17
1
Trust—
Manufacturing Co.—
Below
$1.25
„
1
10-
$1.75
beneficial
of
Quarterly •.
$1.50
...
Pittsburgh, Fort Wayne & Chicago—
Common (quar.)
preferred
•
10-
Piper Aircraft Corp., 60c conv. pfd. (quar
7%
10-15
$1.25
_
11-
$2
/
(quar.)
common
9-26
50C
Natural
8-24
10c
Zions Co-operative Mercantile
■
Fuel
& Co.
Armour
9-17'
9-20
50C
pfd.
(quar.)
Arkansas
1
9-11
$1
Vie pfd. (accum.)
(quar.)—.
1
10-15
10-
(quar.)_
Archer-Daniels-Midland
1
(quar.)
Investment
3V2%
67at preferred
9-
Co
Corp.,
5*
9-
preferred
$1
•
9-
preferred (accum.),.
Mining__,—_—
Copper Mining
Anheuser-Busch, Inc.
9-
2
9-13
$1
Arkansas
(quar.)____~____—
Manufacturing
8-22
9-31
9-21
s
9-21
10-
7 7c
9-12
9-15
15c
8
$1.75
$2.25
Andes
7
70c
(quar.)..
Stove
7
9-
75c
(quar.)
Pennsylvania Power & Light—
$5 preferred
(quar.)
$6 preferred (quar.)—
$7 preferred
(quar.)________
Perfect
9-15
9-
50c
:
...
Pennsylvania
1
9-13
$1
(quar.)_i_______—
(quar.)
Penney (J. C.) Co. (quar.)
Pennsylvania Edison, $2.80 pfd.
$5 preferred
tquar.)
9-15
9-28
9-27
10c
preferred
9-10
8-31
1
9-13
5c
iquar.)
$1.25
9-
$1.3774
9-12
9-22
1
Telegraph (quar.)___
&
Anchor Post Fence Co.,
6
9-
i
$1.50
■
Steel Co.,
preferred
Worumbo
9-15
10-
40c
...
(quar._____
Co.
Petroleum
Certificates
$4
9-15
8-31
10-
Mills
Duck
1
9-15
50c
(irreg.)^
Anchor Hocking Glass Corp., common......
9-15
1
9-22
(quar.)
Woodward & Lothrcp,
World
Anchor
9-20
9-25
10-
9-14
10-
25C
Copper
9-20
15C
9-14'
10-19
pfd. (quar.)_,
Thermometer, $5.50
8-31
9-21
25c
1
75c
10-15
15c
Tobacco
Woolen,
8-31
1
9-10
$1.1274 '
25c
________i
—
10-
(quar.)_:__
/_
(Alan)
Woods
7
10-
50c
(quar.)—$1.06'A
Ox Fibre Co., Inc...
9-
9-15
10-
25c
(Minn.), common (quar.).
preferred
1
50C
Woodley
5
9-15
183Ac
$$1.25
(quar.)——
9-
1
9-10
9-29
3774c
Debenture
Otter Tail Power
9-15'
'4i 9-20
22 74 c
(quar.)__
&
9-
9-15
40c
10-
50c
Sugar Refining, 77o
$1.50
preferred (quar.)-____-i—_____
$5 prior preferred (quar.)___.
9-11
43%c
Ltd., common—..
Loan
8-20
1
10-
50c
(accum.)_
(quar.)—____r_
Service Co. (quar.)—Ji;—
preferred
Ontario
4%
:
preferred
Ohio Water
8
9-1
$1.50
_.
9-15
fc Snowdrift Co., Inc
Extra'
7%
(accum.)
1
6%
,
____
preferred
Ohio
$1.75
'
10-
f"f
9-15
$1.12 Va
r__
25c
Anaconda
7
^
20C
(quar.)
(quar.)
American
1
9-
25c
Hydro-Electric
8-15
f
(Indianapolis)—
American
9-15
—______
Co.
&
8-24
common
Foundries
American Telephone
9-
(quar.)—_____
9-29
Co
American Sumatra
5
9-
1
:
Insurance
8-31
;
30c
Co.,
preferred
Insurance
Steel
American
9-10
1
9-10
1
participating preferred (quar.)—J,—
Water, 6% preferred (quar.)
Wood
10-
1
Wheeling Steel Corp.; common
$5 conv. preferred iquar.)
Wichita Water, 1% preferred
iquar.)______
Wieboldt Stores, Inc., common iquar.)
:
-
8-17
10-
Westmoreland
■
8-28
56V4c
Wellington Fund
80c
American
1
9-
Mill
Rolling
convertible
American Stores
10-
(quar.)__:
Fire
Canadian
9-7
$1.183/4
Walker & Co., $2.50 class A
West
9-
10-
_____
5
9-20
Quarterly
1
9-15
1274c
iquar.)
5'
12-15
$1.75
Serv. Co., 77o pfd. (accum.)
& Standard Sanitary-
American States
8-29
$774c
Vapor1 Car Heating, common,
Viceroy Manufacturing Co., Ltd.
Victor Monaghan Co.
(quar.)
Oil
41/a7o
9-15
1
$$1.25
:
51
9-
12-
9-15
$1.75
—
American Seal-Kap Corp. of Delaware,
15c
preferred
Upson Walton:
Wesson
American
9-15
50c
prior preferred (quar.)__
Leaf Tobacco, common
Wells-Gardner
1
933/4C
& Carbon Corp.
(quar.)____
Manufacturing, com. iquar.)
87('
4
9-14
6%
(
7
10-10
—_
Oil, $3.75 pfd. (quar.)
Universal
Utah-Home
10-
25c
preferred
6%
9-11
10- 1
$1.50
Ohio Cities
St.
9-
1
4
common..S2.25
Ohio Associated
<•
10-
$1.75
9-
Manufacturing Co.—15c
Oak
V
10-
12J/2c
Northern Natural Gas Co.—
.
9-15
—25c
Newark Telephone Co.,
6% preferred
;
9-15
$1.3174
—_
1
(quar.)___,
::
_____
United Artists Theatre Circuit, Inc.—
5% preferred .-(quarr.-)•••
United Wall Paper Factories, Inc., common.
9-10
10-15
10-1
35c
9-15
(quar.)—-.—.
(quar.)
New Jersey Water,
New York Auction
9-18
10-1
> 15c
'vk
4
9-
Extra
9-28
<quar.)___—$25c
common-,.
preferred
Metal
10- 1
'
preferred—
1st
...
Steel
1st
9-15
9-14
Sugar Refining..
Corporation,
1
1
10- 1
25c
National
$5.25
8-31
10-
9-28
Co
Ltd.
5
10-15
National Radiator Co
Car,
9-18
10-
40c
Co.,
4
9-
9-15
$1.75
Corp.______________
8-28
9-
$1.75
v
pfd. (quar.)
9-5
9-
9-15
15c
iquar.
9-15
9-15
American Radiator
9-15
Carbide
Union
$6
9-19
9-12
-
3774c
<fc Brothers..
Products
Union
'
9-15
50c
iquar.).
Twin Disc Clutch
1
•___
6%
National
Nehi
8774c
9-
8-20
preferred (quar.).
(quar.)
Manufacturing
National
43%c
_
Inc.,
c
preferred
8-31
9-20
9-29
3774 c
common
50c
35c
__—____
(quar.)
9-29
prior pfd.___
Trust
8-28
9-11
20c
Foundry——_—
Paper Goods, 77c
preferred
American Public
35c
preferred (quar.)
Tubize Rayon Corp., common..
9-11
77a
75c
(interim)__
General
&
6;»
10c
American
3774 c
$5
(quar.)___
25c
XH
common-
Convertible
8-31
9-15
9-15
10- 1
10-15
10-15
10- 1
—I—
(bi-monthly)
9-15
Co
Trailmobile Company,
4%%
$$1.25
15c
$1.75
$ 1774c
$17Vic
15c
30c
25c
__
_
Co.
Co.
9-15
30c
Welding
(Chicago),
common________
News
lie
Tip Top Tailors, Ltd.
Toronto
Steel—
(quar.)
Co. (quar.)
&
Water
(Tenn.)
Works
9-
*
Corp.
Inc.
Time,
9-13
Lindsay Light & Chemical, 7% pfd. (quar.)_
Ludlow Manufacturing & Sales Co. (quar.).
Lynn Gas & Electric (quar.)
Bldg.
1
Co.,
Meter
1
1
Tide Water Associated
5
8-25
Lima
,
333
10-
preferred
Machine
1
Electric
Thomson
9-30
$1.75
77a
American
10-
Thermoid
9-10
10- 1
10- 1
1*
9-6*
American
10-
Inc. (increased)
Company (increased)
Talon,
9-15
Leonard
Life &
Steel
.
Lehigh & Wiikes-Barre Corp.—
<K
Superior
8-31
9-
1
8-30
$$2
■
Oils, Ltd..
i
10-
8-23
$1.13
preferred (quar.)
67c
1
35c
9-15
Co.—
Hirshberg Co
Class A (quar.)
Sunset
8-31
Lithograph,
1
9-10
Locomotive
American
pfd. (accum.)
McKee,
B
1
Class
9-10
10- 1
9-10
10-15
10- 1
30c
—
1
9-
10- 1
15c
$1.50
35c
$1.50
$1.12V2
J25c
(quar.)
(quar.)—
•
9-
8-31
1010-
5c
50c
9-15 X
20c
—
9-15
$1.95
6%, preferred (accum.)
.
Irving Trust Co. (N. Y.) (quar.)
Jamestown Telephone, 6% 1st pfd. (quar.)_
Jefferson Lake Sulphur, 7% pfd. (s-a)
_
^
i
s
Laundry Machinery
8-31
$2
_______________
9-15
9-15
9-15
25c
.
__
Iowa Southern Utilities, 7%
6V2'/o preferred (accum.
8-30!
American
1
10-
$1.50
Electric Co._
—i
Springfield Fire & Marine Insurance
Quarterly
6'/2%
•>
9-12
25c
9-25
9-14
5
9-14
9-
;
75C
(quar.) ________
(Newark, N. J.) (s-a)_.
1
Telephone—
______—
Standard Fuel Co., Ltd.,
—
9-
9-14
Co.—
preferred
American Insurance
1
10-
convertible
75C
1
10-
■25c
American
10c
'
9-15
6 7o
of Rec.
9-15
25c
\
—
Co.
SS.
American Hide & Leather
Holder#
C
*
(quar.)
American-Hawaiian
4
9-14
9-29
10-
6274C
(s-a)
_________
Sprague
Class A (interim)
'
Co.
(quar.)
American Hardware
9-10
"■
9-28
(Houston, Texas)
v"
5
9-
1
9-24
40c
pfd. (quar.)_
5
Phosphate
10-
5c
9-
'f
•
.
9-
1274 c
_]
_____________
10-
4VaV preterred (initial quar.)—t35c
International Ocean Telegraph
(quar.)_
_
$1.50
;,»■
'
,
9-10
9-15
'
—
Manufacturing Co.__
Penn Oil (quar.)__"
preferred
Spartan Mills
-
9-20
25C
:!
(quar.)________
'
Snap-On-Tools
South
_
Insurance
Payable
Share
Name of Company
•
■
Corp.—•
$3 preferred
(quar.)__
Indianapolis Power & Light (quar.)_,___
Indianapolis Railways
,
,',7y
American General
Sloss-Sheffield Steel & Iron—}"'<■ H-
9-14
When
Per
'f
of Rec.
Payable
Share
Name of Company
9-10
Holder!
When
Per
Holdere
Payable
^A'-i^j^'-y-'-./,, '':• \'":.,v'"i:.; Per
'.'''
4-V
f:
■v
102$
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4417
•*;•
Carthage Mills, common—;—
i
6%
6%
$62 74C
$"75C
•
$$2
1
8-3J
9-30
2
9-30
9-30
9-10
10-
1
8-31
8-31
10-
1
10-
1
7-31
10-1
8-31
Id-
1:,
9-28
$1.25
10-31
$1.25
10-31
9-28
$1.75
10-15
9-14
10-
1
9-20
$$2
$$2
10-
1
9-20
$50c
10-
1
8-31
$37V2C
10-
1
9-10
$1
9-10
9-
$1.50
9-29
9-20
1
50c
_
preferred A (quar.)——
—■
preferred B (quar,).—-————
10-
1
9-15
$1.50
10-
1
9-15
60C
10-
1
9-15
\
M.) & Co., common-—
Storage
Castle (A.
Cold
Central
—-
$1.50
Maine Power Co.—
—
10-
9-10
$3.50
9-20
75c
9-20
1
9-20
$1.50
1
9-20
9-10
8-22
1
9-10
duPont
10-
1
9-
25c
Shaft
Flexible
Chicago
(quar.)—
RR. Co.
Quarterly
Eagle-Pitcher
Eastern
9-15
20c
9-15
8-24
30c
25c
Cleveland
Bronze,
Quarries
.
1-2-46
12-24
9-14
8-29
9-15
8-29
50c
9-12
9-
1
$1.25
9-12
9-
1
,
preferred (quar.)
Eversharp, Inc., common
8-25
1
9-14
1
9-14
11- 2
12-
1
9-
9-11
9-15/
10-
1
9-15
9-15
8-24
9-
7
8-24
Federal-Mogul
9-10
8-10
Fenton
1
9-14
9-15
8-25
9-29
50c
(quar.)
Common
$$1.50
;
9-25
12-24
12-31
9-15
60c
10-
1
*20c
10-
1
Consolidated
25c
Extra
1
90 c
$1
Gas
Power, $4.50
1
(Chgo.,
Co.
Assur.
Continental
Oil
Foundation
9-14
Fox
Crosley Corporation
Crown Cork International,
Cork & Seal Co.,
Gabriel Company,
1
9-
1
9-10
20c
9-10
8-31
$1,311/4
10-15
9-25
9-25
9-
9-15
9-
Class
8%
9-20
10-
55c
9-14*
1
(quar.)
10-
25c
—
8-31*
9-15
561/4 c
-
1
9-13
conv.
ov*
&
preierred
$1.25
(quar.)
8%
preferred
:
Cuban-American Sugar, 7%
Cuneo
4%
Port
Clinton
RR.
Press.
preferred (quar.)
Curtis Publishing Co. $4 prior pfd. (quar.)_
Cutler-Hammer,
Daniels
&
Darling Stores
(Alfred)
6%
Iron
Corp.,
& Cohn
Deep Rock Oil
(quar.)
preferred
(quar.)
Brook RR. Co. (quar,)—
(quar.)
Delaware & Hudson Co. (quar.)
Delaware Power & Light Co., common
Delaware Fund,
Inc.
preferred
(quar.)
■--Dentists Supply Co. of N. Y., com. (quar.)_.
7%
preferred
(quar.)
1% preferred (quar.)———**
<*'.
Devonian Oil (quar.)
Dewey & Almy Chemical, common——
4%
B
Class
$4.25
_——-—
preferred (quar.)
Alkali Co. (quar.)—
—-
Diamond
6%
9-15
1
9-
7
9-14
9-
1
9-15
9-
5
10-
1
,
9-15
9-
9-29
9-12*
9-29
9-
1
*$1.25
10-
1
9-
1
*$1.37
10-
1
9-
1
10c
9-20
9-10
25c
9-15
9-
683/4C
9-15
9-
5
25c
9-11
9-
1
Extra
General
9-21
6%
on
Signal,
8-24
General
Refractories
common—
Reinsurance
9-15
3
$2
10-
1
Gillette Safety Razor,
9-10
25c
9-15
9-
$1
9-20
8-28
25C
10-31
$1
9-29
1
9-10
75c
12-
1
11-20
$1.75
10-
1
10-
1
$1.75
12-24
12-24
25c
9-15
8-31
35c
9-15
8-31
9-15
$1.06%
10-20
8-31
10-
6
Gleaner
Harvester
1
Falls
Glens
Goebel
Goodrich
5%
Insurance
Brewing
(B.
9-
8
3-1-46
9-10
9-10
8-25
Co.
F.)
(quar.)—_____
$5 preferred
(quar.)_
I
9-
1
9-12
9-
1
9-15
8-14
25C
11-25
11-10
11-25
11-10
9-10
8-24
Co.
Jones
&
common/
common
Engineering Works
12-
—-
9-
I
9-
1/
12-1
10-
'M
11-21J
25C
9-15
8-29
9-27
9-
1;
9-25'
1
10-
62 %C
8-20
9-10
90c
*50c
9-10
9-10
Vil
8-10
37 %c
8-10
9-29
9-20
$1.25
12-30
12-20
$1.75
9-29
9-18
*10C
9-29
8-14
57c
9-29
8-14
7%%
9- 8
7-3*
1
9-12
—
—
9-29
$1.25
8-31
i
: 9-1?
:% ]
10-
30c
$1.62 %
9-10
25C
9-24
I" I
40c
9-31
7-31
——
*20c
10-15
9-15
*37%C
10-15
9-15
$1.50
9-10
8-22*
30c
9-11
8-2$
65c
10-15
9-15
40c
9-29
8-30
$1.25
(quar.)
9-29
9-
V,
pfd. (quar.)_
conv.
10-
$1.25
10-
50c
—
7
9-15*
1
9-12
8-20
35C
10-15
9-24
I75C
10-15
50C
30c
"12-
'■!.
8-31
/
8-31
9-10
37%c
10-
8-31;.y
1
10-
17C
sYt
9-1&
11-10
1
9-15
37%c
1
8-31
:4
,
10- 1
110- 1
8-31
n
i8-31
X$1.75
Xl*/4 7o
xllA9c
$1.25
•
8-31
&
8-20
y. I
9-15
•■fi
9-10
11-
$1.50
1
8-16
10-
11-
1
9-15
9-
5
9-15
9- 5
A
9-
(N. Y.)
4
1
1
9-
1
$1.85
10-
1
9-
1
50c
9-
7
$1.50
20c
1
9-11
10-
1
9-11
37 %c
10-
1
9-15
Extra ' i
(quar.)
——-
Kinney
9-15
$1.25
11-
1
10-
1
9-20
9-
1
Manufacturing Co., common
non-cumulative preferred (quar.)——
Klein (D. Emil> Co.. Inc. (quar.)./—_—
Kleinert (I. B.) Rubber™—
Knudsen Creamery Co., common
$6
Extr&
1
9-12
9-12
8-14
9-18
9-
9-29
9-14
50c
9-15
8-15
$1.25
9-15
8-15
20c
9-15
8-31
9-15
9-
Lake
10-
75c
10-
1
4
1
9-21
9-10
8-20
Kresge
Kroger
-
$2.50
10-1
9-10
Landis
8-20
Lane
15c
9-15
9-15
9-
7
Machine
Bryant,
Lane-Wells
Co.,
new
Co.
(increased)
(quar.)
preferred
—
common
common
(quar.)
9-12
(quar,)
(initial)—
■n
w
8-31.a-|
9-15
1
..
9-15
9-
9-15
$1
$1.50
J
1" 'J
9-
1
1
9-20
25c
9-12
9-1
5c
9-25
9-15
2%c
9-15
9-15
9-12
8-21
10-
25c
10-
1
11-
1
10"15
9-15
-i
'7
9-15
$1.75
Industries 6 7c pfd. (initial quar.)
Clay Products Co. (irreg.)_
Ltd. (quar.)__
Lamaque Gold Mines, Ltd. (interim)
9-10
1
10-
25c
8-15
$1.50
9-31
25c
9-15
20C
Shore Mines,
1
9-12
9-15
20c
"
9-12
1
10-
$1.12%
8-23
10-1
10-
12 VaC
—
La France
10-
9-17
9-10
-
$1.50
2nd preferred (quar.)—
40c
10c
((piar.)_
1st preferred
77c
& Sessions common
8-31
1
25c
(S. S.) Co. (quar.)_
1
Grocery & Baking Co.—
67o
Lamson
8-31
9-15
10-
$2
Laclede-Christy
50C
40c
8-31
8-28
37 %c
—;
8*
1
9-29
9-15
25c
—-————
M'
8-31
9i\ 8
20c
~C 0.7— _—■
■
9-14
9-29
30c
(quar.)—_____
5
10-
;
25c
9-
$1.50
9-25
*$1
25c
9-
9-15
1
9rl5
25c
9-15
1
9-
1
v>
9-27
10-
.I'-.
9-14
1
9-15
—
___—™—_—
4V2% .preferred
10-
r' -10-
King-Seeley Corp. common____
57o
convertible preferred (quar.)———
$1.25
I
9- 9
12- 5
40c
—.—:
Kimberly-Clark Corp., common (quar.)_—
5
10-
Mills.
9-15
12-15
$1.50
—■—:—
(W a iter")~ &
Kilburn
8-30
-
15c
I-and Co.—
Keystone Steel & Wire Co.
Kidde
8-31
8-31
9-15
9-10
ir<'
8-28
,,
37V2c
•
Ltd.———
(quar.)
Copper
County
:
9-15
$1
————-
8
11-15
9-15
9-
9-
10-
8
15c
(quar.)„
of Canada,
Kennecott
8-31
$i:25
9-
—>——
'Kelvinator Co.
Kern
6
8-25
10- 6
50c
(quar.)__
]
10-18
r
7
9-15
/;
50c
City Power & Light Co.—
'^7;:^;
preferred (quar.—(Julius) & Co. (increased).—
Kelsey-Hayes Wheel Co., class A (quar.)_—,>
9-20
n9-
10c
$6
B
>
75c
Kansas
Class
9-
9-20
25c
$1.06%
—L—.—
Kayser
9-10*
75c
(quar.)__—„_
;
1
9-29'
50c
,
;
9-10
10-
xl 74 Vo
■
1
1
$1.25
f
5
1
25C
(quar.)
(quar.)
Common
40c
(increased)—-
preferred
Great Lakes
5
9-12
preferred (quar)— ______________ —
W&
Joy Manufacturing (quar.)—
—
Kalamazoo Vegetable Parchment Co.—
1
35c
(quar.)
Great American Indemnity Co.
i
4!
50c
69c
10-
-
Co.____
T.) Co.,
12-15
*25c
Canada, Ltd.—
(increased)—
Common
$1.25
(quar.)_
Manufacturing Co. (quar.)
; Gorton-Pew Fisheries (quar.)
(W.
9-
preferred A (quar.)_____
—
5 7o preferred B (quar.)
Joseph & Feiss Co, (Irregular)
______—
Joslvn Manufacturing & Supply Co.—
50c
Y.)
Gorham
Union
9-15
57c
'10-
30c
(quar.)
Co.,
30c
I
$1.25
Steel, common
Laughlin
5c
(N.
10-26
Lamson Machine (quar.:
$1.25
—
Goodyear Tire & Rubber, common—
$5 preferred (qu&r.)_____
Gordon
Oil
class
B
!
5%
&
9-10
25c
preferred (quar.)
Grand
,
9-15
50C
Corp
15c
4%%
Jones
9-15
1
10-
20C
Georgia Power $5 preferred
6% preferred (quar.)__
9-18
10-16
,
(quar.)——
preferred (quar.)Johns-Manville Corp.
Johnson & Johnson (s-a)'
8-30
$1.50
Corp
9-29
8-31
9-28
$1.06%
Jewel Tea Co., Inc., common
V
8-30
T_
Co
General
9-
9-21
9-24
25c
and class A
common
Railway
preferred (quar.)
9-30
35c
-
1
9-24
-
——
9-10
10-
10-
5
50C.
common
A
Class
1
10c
50c
Phoenix Corp.,
General
10-10
50c
9-~4
Special
1
Grant
-
1
$1.75
9-
Match Co.—
preferred
9-
25c
preferred B (s-a)
Fireproofing Co., common
preferred (quar.)
—
9-15
50c
6%, participating preferred (s-a)
Diana Stores Corp. (increased quar.)—.
9-15
io-1
1
5%
.
Diamond
12%c
30C
Co., common (quar.)
General Finance Corp. 5% pfd. A (s-a)
1%
9-10
.
25c
11- 5
35c
Delaware & Bound
1
13%c
(quar.)
Cigar
15c
~
—
1
9-
20c
25c
—
9-
9-15
Corp.
Bronze
8-28
15C
convertible prefererd (quar.)
Manufacturing Co. (quar.)
Irving (John) Shoe, 67o preferred taccum.)
Jaeger Machine Co
——___
Jamaica Public Service, Common (quar.) —
17o preferred A (quar.)——_—_™—
7% preference, B, (quar.)
—_:
/
57c preference C (quar.)——:
/
57c preference D (quar.)—
________
Jamaica Water Supply Co., com. (quar.)—
$5 preferred (quar.)
._—
Common
preferred
convertible
9-15
$1.25
—
preferred
6Vo
'
11-15
37y2C
(quar.)
9-15
(quar.)
preferred (quar.)
—
General Motors Corp., common—
$5 preferred (quar.)
General Outdoor Advertising 6% pfd. (quar.)
75c
.
9-29
10-19
25C
General Mills, Inc.—
25c
(reduced)
Stores
Malleable
Dayton
j-wver
Inc.
Fisher
9-15
12%C
—
9-18
10-
8-25
1%C
(quar.)
9-15
75c
8-25
9-15
1
5
50c
Iron Fireman
—
9-29
Inc.—
%
9-15
10-
4
9-
9-19
67c
5
$1
$1.12 %
(s-a)
25c
class A
9-29
Co.—
&
Extra
Corp.,
Film
&
$1.75
pfd. (quar.)
Culver
9-15
Bottlers, Inc.—
General
6%
9-14
9-29
15c
30c
$2
(quar.)
8-25
120c
12y2c
Forster,
8-25
9-15
125c
9-
9-29
Textbook Co._—-——Interstate Department Stores, Inc. (quar.)
Investment Foundation/Ltd.—
8-31
9-15
8-14
9-15
'vt 25c
International
9-10
______—;___
General
Crucible Steel Co. of America—•
Cruro
50c
1
10c
preferred
General
Inc.—
(quar.)
Corp., common
class A
B
General
8-31
9-15
25c
9-
General Baking Co.—
1
40c
9-15
9-1
9-14
•V:
.
International Paper. 57o
International Salt Co
»
Aniline
General Box Co.
(accum.)
$1
75c
A
Class
General
1
93 %c
8-29
6% preferred (quar.)
Power Co., common (quar.)
preferred (quar.)——
preferred (quar.)____I
^
Garrett Corporation
—
Gaylord Container Corp., common (quar.)__
5y2 % preferred
(quar.)—
Gemmer Manufacturing Co., class B
9-
9-12
(Robert)
5%%
9-15
11-20
125c
9-14*
9-14
-
5%
9-15
12-1
22c
Gatineau
1
8-17
9-19
$1.75
4
10-
9-10
9-
1
9-15
25c
(quar.)_______————
Interriat'l Business Machcines Corp. (quar.)_
International Cigar Machinery (quar.)
International Harvester Co. (quar.)_™—_
International Nickel Co. of Canada, Ltd
.
5
9-29
:
1
10-
50c
(quar.) _~
Inspiration. Consolidated Copper
Institutional Securities, Ltd.—
Stock and Bond shares (irreg.)—.
International Bronze Powders, com.
5
$35c
Co., 1% preferred™
Investors —
Gair
9-10
$1.50
9-15
...—
of Michigan (quar.)
Fuller Brush
621/2 c
-
class A
Corp.
Luxe Brewing Co.
De
Fundamental
20c
-
9-15
__________
(quar.)—
Co. of Canada (quar.)_.
7
9-14
:•
9-
—
9-
1
9-5
9-15
25c
9-24
10-
9-15
5
62%c
9-28
1
9-
15c
7
10-
9-21
-9-
10-
$1.25
.
10-10
17%C
———
Wheeler
9-15*
1
10-15
$1.75
(quar.)
9-
10-
5
40c
_;
8-25*
1
5
9-
(Peter)
Fox
7
9-
9-15
10-
9-
iy 1C
(quar.)—__—_______
B
Class
Foster
9-15
9-29
8-31
9-10
9-10
$1.75
Brewing Co. (quar.)__;
___
Fox De Luxe Brewing Co. of Indiana (quar.)
8-31
1
10-
$1.62y2
Crompton & Knowles Loom Works—
67c preferred (quar.)—
—
Zellerbach
9-14
1
25c
Company, common (quar.)
3%%: preferred (quar.)
Crown
1
10-
$1.75
Crane
preferred
v
40c;
Cornell-Dubilier Electric, common—;——
$5.25 preferred A (quar.)
Co.
Motor
'
25c
■
$2.25
Ford
9-15
9-14
9-
8-22
9-10
.CJi.—____
Co. of Canada, class A____—_
Foote-Burt
1
1
1
9-20
9- 5
30c
—
f
f
:?
37 %c
preferred (s-a) _—
Imperial Tobacco of Great Britain & ; \ - >
Ireland Amer. dep. rets, (interim)Indianapolis Water, 57 preferred (quar.)__
Industrial Acceptance Corp., 5% pfd. (quar.)
Industrial Brownhoist Corp.—
,
60c conv. 1st preferred (accum.)—
—
Industrial Silica Corp., 6%% pfd (accum.)_
50c
(quar.)
Stores
Fair
1
9-15
10- 1
(quar.)
1
7
9-15
(quar.———
6%
K
20c
Telephone—,
Bell
Common
6-15
9-20
50c
(quar.)__—:
Society
Refining Co.
&
8-31
9-15
$1
Light, common
Dauch Paper of Canada
Imperial Tobacco Co. of
9-15
9-22
;
preferred
Illinois
1
75c
8-27
1
10-
—
Oil
9-18
12-15
common
$2.50 preferred
10
10-
9-29
V4'*"*
9-28
75c
(quar.).—
Lighting & Power Co. (quar.)
Bay Mining & Smelting (quar.)
5%
350
(irreg.)..^
9-28
10c
Huttig Sash & Door Co.—
5% preferred (quar.)
12-20
(quar.)
____!
Stove Co.
(quar.)_i.____^____—__
10-
68 %c
9-15
30c
Co.
9-11
9-15
•
Hudson
8-31
9-29
common
9-25
10-15
25C
25c
Humble
9-21
9-17
(quar.)—_
9-11
$1.25
(Monthly)
Houston
1
9-15
10-1
preferred
10-
20c
(Del.)
Co.
(irregular)—
Continental Telephone Co.—
7% partic. preferred (quar.)
----6 %%
preferred (quar.)
—
Copperweld Steel Co., common (quar.)
7 5% convertible preferred (quar.)———
r
Co.,
Flintkote
9-15
1
10-
37%c
Stores, Ltd.—
preferred (quar.)
10-
9-
10-15
5
10-
9-11
9-25
$1.75
$4.25 preferred (quar.)
Houdaille-Hershey class A
5
Fitzsimmons
Florence
25c
Continental Steel Corp.
Crown
Pawners
9-10
1
10-
10-
3c
Stock Corp.
State
8-10
9-15
10-15
(Syracuse,
0
9-25
7%
Hooker Electrochemical—"
11-16
1
10-20
$1.25
Hollingsworth & Wnitney (quar.)
Holt (Henry) & Co., Inc.-r
$1 class A_—
Honolulu Oil Corp. (quar.)____—
8-31
8-31
Baltimore-
Fund
Bank
Food
93 %c
Corp
Motors
Continental
9-15
12-
1
10-
Common
9-10
9-15
1
10-
9-
—
Creamery Co, (quar.)—
Rubber Co.
(quar.)—
Hinde &
8-25
15c
(G.)
Hilo Electric
25C
Calif.)
(San Francisco,
9-15
30c
—_____
9-14
15c
First
9-15
$1.12%
111.) (quar.)
(Interim)
(quar.)
preferred
$3.75
9-14
1
15c
Flr&t
9-15
$1.25
Continental Can Co., common
1
10-
/
IOC
;
1
1
30c
Pa.)
preferred (quar.)—
(quar.)
preferred
Continental
common—
>
(Reading,
Co.
Consumers
Consumers
$5
Inc.,
10-
$1.50
Hewitt
9-10
y
8-31
9-13
common—
..
75c
Fund Insurance
10-
Stores,
$1.37%
:
Industrial
Financial
Fireman's
10-1
10-
20c
(quar.)
(quar.)
preferred
$2.75 preferred
1
B
15c
—
9-14
10c
(quar.)
9-15
9-
.
1
10-
7%«
(quar.)
1
(quar.)
(quar.)
A
25c
Retail
Consolidated
8%
$1.12%
class A
Ltd.,
Press,
10-
-—
Class
—
'«•—
10-
25c
N. J.
Finance Co. of America at
$4
—
1
9-21
$1.25
Enamel Corp
Ferro
1%
Utilities Corp.—
Gas
Consolidated
r
5
9-
9-15
40c
preferred C (quar.)
4V2% preferred B (quar.)
9-21
8-31
9-15
$1.50
Co.—
Heywood-Wakefield Co. common (irreg.)
Hibbard, Spencer, Bartlett & Co.—
f (Monthly).
9-21
1
30c
(quar.)
& Dyeing,
Corp.
preferred
1%
1
9-
9-24
15c
4%
1
7y2c.
United Cleaning
Class
preferred (accum.)
Consolidated Gas Elec. Lt. & Pow. (Batt.i
10-
10-
Federal Mining & Smelting
9-11
10-
6C
$2
1 :■
40c
$1.25
of
Co.
Insurance
Federal
Industries—
Film
Consolidated
77- 9-
9-15
Hershey
87 %c
Extra
(quar.)
Consolidated Edison Co. of N. Y., Inc. (quar.)
9-11
$2.50
1
9-21
Co.
9-30
$1.25
Quarterly
7
25c
Biscuit
1
9-15
25c
Brewing Co.—_———
Hein-Werner Motor Parts Corp..:
$3.50
(quar.)
(quar.)_
preferred
preferred
$5
9-
$1;;
Consolidated Bakeries of Canada, Ltd. (quar.)
9-
28C
'
Farmers & Traders Life Insurance
10-
Power Co.———
Connecticut Light &
'
;
1
$$1.50
Consolidated
9-17
11
8-31
1
9-15
35c
Battery Co.,
Heileman
4
56 %c
6%. pfd. (s-a)
(quar.)
Metallurgical Corp.—
Fansteel
(quar.)—-—
Congoleum-Nairn, Inc.
8-
60c
Fanny Farmer Candy Shops
25c
"
5
Falstaff Brewing Corp.,
8-31
9-29
---:——
■
9-
—__—_
8-31
10-
shares
Quarterly
9-18
(quar.)
7
75c
Community Public Service (quar.)
Confederation Life Assn. (Toronto)—
9-29
v
$1.25
9-12
87 %C
(Del.)
8-29
preferred (quar.)
Buffet Corp...—___
5 %
40c
Investment Co.
9-11
Exchange
$5
share held
each
Commonwealth
8-31
(quar.)__
Extra
9-15
10-
25c
(quar.)_—-—-—
9-5
8-31
$1.50
(quar.)
5%
10-
,20c
■
1
9-12
25c
(quar.)__
State tax of
Pennsylvania
Less
75c
quar.)
(quar.)
9-5
9-15
$1.12%
■—
Ltd
—
—
Hartman Tobacco Co., $3 pfd. (quar.)——
$4 preferred (quar.)—
——
Haverty Furniture Cos., $1.50 pfd. (quar.)_
Hazel-Atlas
Glass
Co.
(quar.)——
Hazeltine Corporation —J
——
Hecla Mining Co.- (quar.)—
Hart
fi
57c
preferred (quar.)——
Rarshaw Chemical Co., common (quar.)
1
9-
7
9-20
common
Corp.,
Gas
Harrisburg
9-14
10-
50c
Pittsburgh RR.
9-21
—
additional
9-15
1
*25C
1
10-
31 %c
Class A
two
10-
75c
5%
1
10*
20c
(quar.)_—
preferred (quar.)—'
——
2nd preferred (qual*.)——
5%
Erie Railroad Co.—
40c
dividend),
9-15
25c
common
9-14
—
(Stock
10-1
;_
10-
7
9'
4
9-
1
$1.10
(quar.)—
preferred
6%
.
Harnischfeger
25c
9-14
—
Co.
15c
8-25
(quar.)—
75c
Carbon
Columbian
9-10
25C
9-25
$1.75
—
/___
pfd.
9-15
53 % c
—
9-29
9-10
—
>9-28
$5.60
(initial)
Harbison-Walker Refractories
$1.50
50c
•—-
(s-a)——-
8-28
Co.,
A.)
(M.
9-
1-
10-
$1.50
y
10-
25c
loc
(quar.)
preferred
4%%
8-31
2&C
preferred ^(initial)
4%
Hammermill Paper Co., common
9-25
9-22
$50
——
■M*
1
9-13
25c
common——:——
9-15
(quar.)__
6%
Watch Co.,.
Hamilton
20c
(quar.)_________________
Co.__
(quar.)__
Hanna
10-1
30c
■
9-20
Corporation
Class■ A
Erie &
5
9-
8-20
1
Co.,
Company;,
9-15
•
/
9-10
10-
PowVr
Gulf
4
9-
9-10
10•
pld. (quar.) —
Haloid
10-15
preferred (s-a)_:
___.
Engineers Public Service $5 pfd. (quar.)
$5.50 preferred (quar.)
$6 preferred (quar.)
English Electric Co. of Canada—. ■
9-14
/ 9-10
$1.25
(quar.)__l—
Gulf States Utilities Co. $4.40
1
$1.25
7%
9-28
/
•
$6 preferred
1
9-
8-27
Empire District Electric (quar.)
Emporium Capwell Co., common
.4% % preferred (quar.)—:
8-31
9-15
75c
$1.25
20c
(quar.)
Columbia Broadcasting,
i
9-18
——~
common
Participating
for
1
10-
1
9-
$1.50
Elgin National Watch Co
El Paso Natural Gas Co.,
9-15
>10-
9-12
common.:
Ferries, Inc.,
9-10
2
'
*
9-15
9-15
Stores, Inc.
Boat
Electrolux
Extr&
10-10
(quar.)
Corp.
2
10-
(quar.)
10-15
$3.50
Co.,
preferred
Paper
Electric
4
•9-
—r
common——
Columbia Baking Co., common
Cl&ss 33
8-31
9-29
30c
7o
$1 partic. preferred
11-15
1
10-
(accum.)__
25c
Co., Ltd.
Plow
1
9-14
>
$3.50
——
—
Company,
Edison Bros.
9-15
$1.37 %
—
,
preferred (initial)
Colgate-Palmolive-Peet—New $3.50 preferred
(initial
4%
Eddy
8-20
12-
15c
(quar.)—
Coca-Cola International Corp
Coleman
6%
9-20
35C
Molybdenum
Cockshutt
8-27
1
30c
Coca-Cola Co.
V.
Eastman Kodak
9-14
$1.25
10-15
$1.12%
(quar.)___
preferred
1st
9-15
10-
:
(quar.)
6%
10-
6rinnell Corporation ___———,
r"~—
Group No. 1 Oil Corp.—™——--—
Gulf Oil Corporation (quar.)
9-14
prior
Electric
Co. (quar.)————-duett; Peabody & Co., common (interim)7%
preferred (quar.)
—
—
Coast Counties Gas & Electric—
5% 1st preferred (quar.)—
Climax
6
-----
Graphite
preferred
9-
75c
(quar.)——
Co., common
preferred (quar.)
Machine (extra)
5%
10-15
$1.75
Clearing
Cleveland
1
$22
Clark Equipment
5%
9-
—
Co
Controller
9-15
Lead
2
5
9-14
10-25
preferred (quar.)
6%
preferred (accum.)_!__
Eastern Massachusetts Street Ry.—
preferred (quar.)
Chrysler Corporation
Cincinnati New Orl. & Texas Pac. Ry. Co.
5% preferred (quar.)
—
Cincinnati Street Ry. Co.——
City Investing Co, 5%7o preferred (quar.)
City of Paris Dry Goods Co.— <77/
7 % 2nd preferred (s-a)
1
1
& Fuel Associates—
Gas
8-30
$1.75
25c
5c/o preferred
25c
9-19
4y2%
109-
1110-
(quar.)
Co.
9-14
7%
Clark
Chemicals,
&
Sulphur
9-29
:
•
Oil (quar.)
Christiana Securities Co.,. common—
Auto Stamping
City Ice & Fuel Co
Texas
8-36
•
1
-
$1.25
(quar.)
Inc. (quar.)
9-28
Cotton
City
Duval
■<9\
4
400
Copper—
Cananea
$1.12%
9-29
Machine Co-—
Chicago South Shore & South Bend RR.—
;
Plastics
8-20
Griggs Cooper & Co.,
$1.12%
Co., common
30c
Chicago Rivet &
Chickasha
Durez
4
Green
8-18
37 %c
35c
(accum.) —
Lumber (quar.)————
Chicago Mill &
8-31
9-
•
4
10-
—
(quar.)_»—
$1
12 V2c
—
—
5% pfd.
Chicago Great Western,
9-24
75c
—
9-24
9-10
(quar.)——
preferred
2nd
6%
60c
(quar.)
(quar.)_:
Duquesne Light 5% preferred
8-31
\
99"
10- 1
•
30c
(quar.)
Nemours &
de
I.)
1
9-15
10-
10-15
.
$1
•
Hill
(E.
Great Western Sugar, common
7% preferred
(quar.)—
75c
$4.50 preferred
7
9-30
*$1.25
Co., common
preferred
4%%
10-
75c
25c
$4.50
10-15
*$1.75
Dun & Bradstreet common
1
9-
$I.'12%
common (quar.)preferred (initial quar.)—_
Chesapeake & Ohio Ry. Co. (quar.)—Chesebrough Manufacuring (quar.)—i
Champion Paper & Fibre,
Extra'
9-11
9-28
9-14
*$1.37%
(quar.)____
common
Driver-Harris
15c
9-1
* 15c
Dresser
10-
"
••
10-1
^
*35c
(quar.)
Ltd.
preferred A (quar.)
Industries, Inc. (quar.)
Co.
(quar.)
$4
10-
6% prior preferred (avr\*n.)
Chamberlain Co. of Amen-X
,
Dow Chemical
9-10
;
r9-10
44c
(quar.)
preferred
(quar.)__:
preferred
7%
$1.12%
nitia! quar.)
Chestnut
Dominion Textile,
8-31
\
9-10
>
(quar.)
Dominion Tar & Chemical, 5%% pfd. (quar.)
8-31
9-20
10-10
10-10
25c
;
—
Ltd.--
Stores, Ltd.
Dominion
:9-10
$3
—
:
■
10-
'
■
1
10-
.
1
'
Of Rec.
payable
Share
:'
y
Ltd.— ' y
• *25c
$2 class A partic. preferred (interim)-—*25c
$2 partic. preferred (interim)—
—
Great West Saddlery'Co., Ltd.— '■>...j-r':^
•::'.;'*75c
6%
1st preferred (quar.)——
—
*75c
'
Foundries & Steel,
Dominion
Name of Company
1
11-
10-
25c
___;
non-cumulative
5%
9-10 V
10-
V'
Great Lakes Paper Co.,
10-31
25c
62 %C
______
Corp.
Dairies,
Dominion
0} Reo.
8-25
;;
9-15
*$1.25
(quar.)
Company
Doehler-Jarvis
9-10
10-
—
(accum.)
Dobeckmun
.
(quar.)__
common
Co., common
(quar.)__;
Cup
Class A
$1.50
Utilities Co.
South West
prior preferred
8-20
9-
$1.50
62 %c
$6
$6
9-15
$1.75
,
7%
Central &
9-15
$1.50
'
preferred
preferred (quar.) —
6% preferred (quar, J — —
5% dividend series (quar.)
Dixie
8-20
preferred
5%
9-20
10-
$1.12%
4%% Pfd:
Central Illinois Pub. Serv., 6% pfd. (accum.)
$6 preferred (accum.)
»*-—
—
Central
1
1
9-15
40c
(Quaf;)--
Central Illinois Light Co.,
When
Payable
*55 %c
:—___'
Distillers Corp.-Seagrams,
10-31
11-10
50c
Name of Company
of Reo.
Payable
Holdere-
Per
Share
Holderi
When
Per
Share
*1
fjoiaere
When
rer
Name of Company
1945
September 3,
Monday,
FINANCIAL CHRONICLE
THE COMMERCIAL &
10-
*5c
25c
.
62 %c..
1
9-15
10-
1
!:K)
8-21
'
8-15
8-28
9-
*
5
9-2^
25c
11-15
11-
5
25c
9-13
9-
1
25c
9-15
8-29;
'
i
,
:
•
mm
'
-1
■
'■
■
.
:
-
v.
■
;.,7
V-/
V;
*
——
|«r—■
'■
'.''
Y'
preferred
Lath
&
Co.,
! $2.50
1
preferred
(quar.)
J
—.
Products
Pink
&
hslie* Salt
$7
9-15
$6
9-
pfd. (quar.)_
(fly-Tulip Cup Corp. (quar.)____—_—„•—
.iggett
——
7%
Tobacco,
& Myers
1 ncoln National Life Insurance Co
11-
1
10-
1
pbk
(quar.)
8% pfd.
(quar.)__.
Joint Pipe Co.,
8%
preferred
(monthly)
Common
...
1
—,
(quar.)i„_-____^_l
lone Star Cement Corp.
lope Star Gas Co. (quar.)
& Taylor, common (quar.).:
[orillard (P.) Co.,
common
10-26
Newmont Mining Corp.-
1
10-15
9-29
9-19
9-28
9-11
Niles-Bement-Pond
9-10
8-17
9-17
1-2-46
12-22
1
9-
10-
1
9-7
Ltd
lacy (R. H.) & Co.
(quar.)
.
1-2-46
Jtagma Copper Co.'
Itagor.Car (irreg.)
[failbry (P. R.) & Co., common-,—20c
4*4%
convertible preferred (quar.)——_$0.265625
Stores Corp. $5 pfd. (quar.)
$1.25
[larsh (M.) & Sons, Ltd. (quar.)———
* 40c
Sftlngcl
Field &
Marshall
4*4%
Co.
pfd.
$1.06*4
(quar.)—
25c
Jiasonite Corp.,
common (quar.)_————
(irreg.)_
|:&ssey-Harris Co., Ltd.—
*1.25 -cony, redeemable preference (s-a)—
12c
Massachusetts Investors 2nd Fund
$62'4c
paster Electric Co. (quar.)_
—,35c
llftStic Asphalt Corp. (reduced quar.)—__
5c
[lathieson Alkali Works, common
25c
7%
preferred
(<juar.
8
8-25
Prior
9-15
8-29
7%
9-29
9-14
9-15
25c
8
9-
50c
|[$ion ',(R. C.) (quar.)
9-
1
9-18
9-15
9-10
8-20
9-20
8-31
9-15
8-18
8-25
9-5
11-30
11-20
9-10
8-31
%
(quar.)
11-30
11-28
20c
t
35c
$1
(quar.)
preferred
*——15c
[lead Corp., common——
,
liengel Company,-—10c
30c
30c
25c
preferred (quar.)——j.———
preferred (quar.)
6%
1st
»5%
preferred
(quar.)
-
J '5% 1st preferred (quar.)
25c
,
I2V2C
flerchants Refrigerating Co., common
(quar.)
A
Class
Mercantile
Merchants
Jlerck
&
common
& Co.,- common
—
—-J
$1.75
9714c
25c
(quar.)—
common—
Oil Corp.
Company
50c
25c
25c
—
——
Co
—
Minneapolis-Honeywell Regulator, common—
Brewing
Minneapolis
(quar.)
Mississippi Power Co. $5 pfd.
(jssauri-Kansas Pipe Line, common
Co.,
common—
(quar.)——.
Tolson's Brewery (quar.)
Mlonarcb Knitting Co.,. Ltd,—r
7%
,5%
preferred
preferred
——
—
;
20c
6214c
/ $25c
$$1.75
$$1.25
—
;
(s-a)
[Monogram Picture 514% pfd. (quar.)
[Monsanto Chemical Co., $4.50 pfd. A (s-a)_
^$4.50 preferred B (s-a)
1334c
(Springfield, Mass.)
$2.25
$2.25
$2
(quar.)—
50c
r$7 class A (quar.)i——;
$1.75
lontreal Cottons, Ltd., common (quar.)—
$$1
7%
preferred (quar.)—
———— \
t$1.75
lontreal Loan & Mortgage Co. (quar )
$31V4C
Moore Corp., Ltd., common (quar.)—_——
$55*40
7%
preferred A (quar.):
t$1.75
{■ 7% preferred B (quar.)—
t$1.75
C (s-a)_
lontgomery Ward & Co. common
$4 preferred
1
1
9-20
10- 1
9-20
9-14
—
9-12
lotor
Cafeterias
Wheel
1
9-
5*
9-15
8-31
9-15
8-31
1
9-
1
9-12
9-10
8-25
9-10
9-
1
9-15
9-20
8-31
10- 1
9-14
,10- 1
9-14
99-
Pfizer
1
1
-
1
12-
1
11-10
12-
1
11-i*
10-15
99-
7
v
9-15
8-31
1
8-31
1
?
1
8-31
9-17
8-31
1
(quar.)—-—.——30c
Plymouth
8-15
9- 3
8-15
12- 1
11-10
Extra
(quar.)-
[Muncie Water Works Co., 8% pfd.
luskegon Piston Ring (increased)
[Mutual Chemical Co. of America—
6%
—
fash-Kelvin at or Corp.
convertible
-
Power
.
9-28
(ational
Cash
Register
25c
(quar.)—-—
$1.75
25c
20c
20c
35c
preferred
(quar.)——
[National Folding Box (irreg.)_
[National Lead Co., common (quar.)
7%
preferred
A
preferred
B
-
50c
—
12*4c
-
(quar.)—
6%
50c
$1.25
—
-
(quar.).
[National Linen Service, common
—
(quar.)__
jNational Malleable & Steel Castings
[National Rubber Machinery Co
[National Standard Co. (quar.)-
•
$1.75
$1.50
25c
15c
25c
50c
7
9-17
9-
9-28
9- 5
1
11-8
10-15
9-
Price
Bros.
Proprietary
9-
Nat'l
9-
7
10-15
9-28
9-29
9-15
9-15
9-
9-10
8-15
5%
7
10-1
9-27
9-12
9-28
9-
$$1>
8-31
9-15
-8-31
Public Service
9-15
Sheller
12-15
v
8-10*'
8-20
6%
9-10
8-31
6%
1-2-46
4-1-46
11-15
11-
9-10
8-31
2-15-46
2-
5
9-
1
9-15
30c
7%
preferred
1
9-29
9-10
$5
preferred
9-15
8-27
Public
Service
11-
1
10-15
10-
1
9-15
9- 8
8-25*
9-21
9-
9-25
9-10
7
,
Pure
Oil
9-14
9-20
9-11
10-
1
9-15
10-
1
9-10 "
$30c
9-29
9-14
$$1.75
9-29
9-14
37 Vic
9-15
8-31
9-15
Simmons
9-15
8-31
Simonds Saw & Steel
9-15
1
9-
6
$1
10-
1
9-15
Extra
10-
1
9-15
Skilsaw,
10-
1
(quar.)
$1.25
i..
Inc.
(quar.)—
9-10
1
9-10
Solar
9-10
Solar Manufacturing
50C
9-10
8-25
20c
9-12
9-
9-
9-10
5
8-24
8-17
9-14
8-24.
9-15
9-
9-30
9-20
75c
(quar.)
9-10
8-10
9-15
8-31
75c
$1.25
10r
10-
1
12 *4 c
20c
preferred
8%
9-
1
10-
$1.12*4
9-
1
Southern
9-30
9-
1
9-30
9-
1
9-14.
1
1
25 c
9-21
9-
10c
—
9-14
8-16
3
8-21
9-
$1
$35c
9-29
8-30
9-15
9-
1
50c
9-15
9-
1
$50c
9-15
9-
1
$25.c
10-
$20c
30-
,
8-31
1
1
8-31
25c
.—
9-14
9- 5
9-15
8-24
9-15
8-22*1
^—
25c
9-14
—
+$1,50
,v.
25c
(s-a)
(accum.)
'
9-29
8-18*
n-n
fl-15
10-
11-
1
9-15
1
10-
j
8-31
9-12
11-15
1
9-15"?
9-25
9-10
ll
9-25
9-10
;
1
11-15
37 *4 c
9-15
8-20
$$1.50
10-15
3iy4c
9-12
9-
75c
9-17
8-27*1
75c
9-15
8-ia
10c
9-15
9-
$1.25
10-1
9-15
35c
Co., com. (interim)
(quar.)
„
9-29
9-15
13J/4C
$1.50
$1
$1
8-31 i.
10-20
1 Rc
15c
,
8-25
9-12
10-30
$25c
(quar.)—
8-25
9-14
v
Ltd.—
—:
}
10-15
10-11
$2
—
35c
,
12-
•
Southeastern
I
8,-25
9-15
10c
1
; 8-25.
9-15
'
I
9-
9-11
23c
Greyhound Lines, Inc., com.—
Edison Co.—
6% preferred B (quar.)
Southern Canada Power Co., Ltd.—
6%
participating preferred (quar.)
Southern Natural Gas Co
Southern Pacific Co. (quar.)—
1
9-15
9-
9-10
i—
South Porto Rico Sugar
9-15
1
63c
.
1
50c
Corp., com.
Sorg Paper, 6% preferred A
4-6% preferred (accum.)
10-
25c
10-
50c
9-10
1
$1.50
10-22
20c
/ 8-20
9- 4
50c
9-12
California
-
10-
Southland
Royalty
Southwestern Gas
1
9-15
preferred (quar.)
Southwestern Life Insurance
Quarterly —
9-11
8-27
10-
$1
9-20
3
>
H
.
Sparks-Withington Co.—
10-
10-15
$1.00
(accum.)
1
8-23
Co. (quar.)
Co
& Electric Co.—
Railway
Southern
1
8-24
25c
9-
25c
9-12
9-
1
9-27
9-
5*
9-15
9-
1
$25c
5
9-15
8-23
5%
(quar.)
preferred
convertible
6%
(Dallas)—
•—
Kellogg & Sons (quar.)
Spencer
Spiegel, Inc., $4.50 preferred (quar.)
Squibb (E. R.) & Sons, common
$4
—
preferred
—
(A. E.) Manufacturing Co., common.
preferred (quar.)—,—
Staley
$$1.50
10-15
9-20
$75c
10-15
9-20
20c
9-19
9-
5
25c
9-10
6V4C
pfd. (quar.)_
Y.)
1
10-
1
9-10
62'4 c
(N.
10-
10-
1
9-10
10-15
$3c
—
9-15
$$1.37*4
10-
1
9-
4
$5c
9-
5
8-
4
37*4c
10-
1
9-20
——
$5
Standard Accident Insurance
-Extra
—
—
(quar.)
Standard
Oil Co.
(Ky.)
Oil
of Ohio,
Co.
common
preferred
preferred
4*4%
10-
1
9-15
50c
10-
1
9-15
59 *4C
10-
1
9-15
Standard Paving &
$1.25
9-15
8-31
Standard Wholesale
$1.50
9-15
8-31
9-29
8-31
50c
9-14
8-15
50c
10-15
9-14
6%
$ 2
9-14
8-15
Sterling
$1.75
9-14
8-15
Stokely-Van Camp, common
$1.25
41 %C
:
20c
———
——
j
——
-**,—*.
:
—
preferred
—
(quar.)
9-i4
8-15
$1.25
9-29
8-30
$1.75
———
Electric & Gas—
5 %
Participating
Hampshire—
—
(Detroit)—
Quarterly
——_——
—■——
Standard Brands, Inc., common
$4.50 preferred (quar.)
——
Standard-Coosa-Thatcher Co. (quar.)
Standard Oil Co. of California (quar.)—__
Standard Oil of Indiana
(quar.)
Standard
(quar.)
;;
Pyrene Manufacturing Co.^
10-39*
preferred
convertible
55c
10-
30c
(interim)
(quar.)*.
(quar.)
1
25c
$1.25
Co
Aircraft
$1.25
(reduced quar.)
New
11-
6%
—
(quar.).
(quar.)
Trust
$1.12*4
25c
Common
25c
5*4%
10-19*
:
——
1
1
8-31
1
—
10-
8-30
25c,
Mines
8-31*
11-
Co.
10-
9-21
9-29
7
9-12
50c
$1.06*4
10-15
10-
45c
*
Smith
8
$1
$2c
25c
12-15
9-15
Manufacturing
Singer
9-
12-20
12-31
25c
——
$1.06*4
40C
12-30
75c
Corp..
(Howard) Paper Mills,
(quar.)
—
preferred (quar.)
Socony-Vacuum Oil Co., Inc.
(
8-24
9-20.
4*4% preferred (quar.)— $$1.12'4
(quar.)..—
"
$1.50
'
—.
$1.50
Simpson's Ltd.,
10-
51c
52c
(initial)
—
:
9-10
class A
Company
,
9-29
-
—
preferred (s-a)
Participating
9-15
'
25c
5% preferred (quar.)——
Dairies, Ltd., common (accum.)
1
10-
y
$1.12*4
Ltd.,
lO-'l
fquar.)_.
conv.
•8-27
9-24
50c
—
30c
(monthly)
(monthly)
(monthly)
5%
9-10
Corp
—
$1.50
Inc.
Co.,
B
Class
Silknit
—
(quar.)—
$5; preferred (quar.)
7% preferred (quar.)
Pullman,
;
$1.25
25c
com.
: -
Silverwood
(monthly)———.
preferred (monthly)—.
—
preferred (quar.)„„—
———
8%
9-15
20c
——
Signal Oil & Gas Co.
5
9-
75C
$1
Sick's
3-15
'
preferred
9-24
9-20
(quar.).——
Shepard-Niles Crane & Hoist
Breweries (increased)
5
35c
—
(reduced)
1
'
—
Manufacturing
'
5
9-20
10-
17 *4 C
Servel, Inc., $4.50 preferred (quar.)
(F. G.) Co. (quar.)
8-31
1
10-
50C
(quar.)—;
$6 preferred
(quar.)_
—
——_
Public Service Corp. of New Jersey—
9-10.
9-
1
—
20c
pfd.
of
8-25
10-
37'4o
(s-a) —
Shattuck
—
Co.
B
A
class
Corp.
Class
8-31
preferred
9-10
Serrick
9-15
—
(accum.)
Ltd.
.
9-ia
9-20
17 *4 c
—
40c
&
9-15
(increased).—
Inc.
B.)
(R.
9-14
—
Ltd.,
preferred
Shoe
Semler
75c
(quar.)
common
Power,
Selby
7
9-15
f
75c
Bank
1
1
9-10
50C
5% class A pfd. (quar.).
prior preference (quar.)
..*
conv,
$$1.75
i—
—
Co.,
preferred
$5
$2.50
35c
Mines,
prefererd
Common
10-
9-15
9-
50c
Rubber
Seiberling
50c
(quar.)
,—
-
7%
/
1
9-
50c
1
(quar.)
6%
,
'
1
&
5
1010-
(quar.)
Co., common
Paper
.
8-24
8-23
(quar.)———
Company
Seagrave
1
10-
Public Service Co. of Colorado—
•
7
1
10-
9-15
9-15
$31»4c
-
preferred
9-10
9-15
lc
(quar.)
Corp., 5% preferred
Sears Roebuck & Co.
(quar.)
Seeman Brothers, Inc. (quar.)
9-15
1
Alexander—:
2nd
Public
12-
1
10-
50o»
(quar.)
Co.,
preferred
1st
5%
1
50c
preferred (quar.)
preferred (quar.)
Lace Co.
(irreg.)
Seaboard Oil Co. (Del.) (quar.)
10-
37 *4 c
& Co.—
Preston East Dome
9-10
10-
$1.75
$4.50
50c
Co.
9-10
2
7c
$4
9-15
participating preferred (quar.)*.
—
Accident Insurance Co. (quar.)
Pressed Steel Car Co., Inc., com.
(quar.) —
12-20
v
[National Casket $7 preferred (quar.) —
[National City Lines, Inc. (quar.)
jSationarContainer Corp; (Del.)— —_
[National Cylinder Gas Co., com. (quar.)—
[National Dairy Products Corp.—
—
[Rational Discount Corp., com. (quar,)_
5%
Oil
10-15
10-
Scranton
$1.37*4 y io-1
6%
9-20
12-28
15c
(quar.)—
8-15
Preferred
,
9-13
9-29
jNational Biscuit Co., common (quar.)—.—
30c
[National Breweries, Ltd., com, (quar.)—
$50c
7%
preferred (quar.)——$44c
8-15
1
(s-a)_.
&
5%
-
preferred
1
25c
National Automotive Fibres—
6%
9-
*1.50
$1.50
25c
12 4 c
—
-
[*■$% preferred (quar.)
[Nachman Corporation
$2
|
(quar.)
preferred
v
9-15
1
10-
Ltd
Corp. of Canada, Ltd.—
1st preferred (quar.)
6%
*7 preferred (quar.)
1
10-
—————
River Co.,
Powell
'
[Mullins Manufacturing Corp.—
10-
%
Pittsburgh Brewing, $3.50 preferred
3
9-
lc
•
Scott
1
$15c
75c
A
10-15
1
2
50c
Remedial Loan Assn.
Francisco
Schiff
1
9-
$50c
(quar.)_
Pittsburgh Equipment Meter (quar.)
Pittsburgh Forgings Co. (quar.)
v
8-24
$1.75
——
...
1
9-
•
lc
.Quarterly
8-22
9-20
10-
$25c
Inc.— ;
common
&
1
$1.75
Quarterly
San
*.y
11-
11-
25c
—
Manufacturing
San-Nap-Pak
5
•
——-
—
Joseph Lead Co....—
St.
50C
—
Common
Powdrell
[Ifount Diablo Oil Mining & Development Co.—
8-22
Pittsburgh Bessemer & Lake Erie RR. Co.—
9-24
•
10-15
9-20
Pillsbury Mills, $4 preferred (quar.)—
8-31
9-10
11-15
25c
—
Participating preferred (s-a)
Corporation
£
9-14
10-
$$1.75
Philadelphia Transportation Co.—
8-31
10-
$1.75
10-15
—
Philco
10-
100%
9-14
11-15
10-
t$1.25
-
Corp
Co. $5
nreferred
Quarterly
8-15
9-15
10-
1
$25c
Philadelphia Electric Power, 8% pfd. (quar.)
Philadelphia Germantown & Norristown RR.
8-15
9-15
9-14
Philadelphia Electric Co., common
$1 preference common (quar.)
7
1
$6
8
8-31
9-29
25c
class
(Charles)
Philadelphia
12-
8-
Trading Corp.—
<fe
partic.
Phelps-Dodge
11-10
9-10
7
9-15
preferred
$1.25
1
9-
•
$1.75
1
10-1
10-
$1.12*4
(quar.)„_^
Peoples Drug Stores, lnc
—
Peoples Gas Light & Coke Co. (quar.)—
Perron Gold Mines, Ltd.
(quar.)
Pet Milk Co., common (quar.).
4 Va %
preferred (quar.)_
2nd preferred (quar.)
—
Peter Paul, Inc.:,:(quar.___$5
9-12
9-29
10-
9-10
—_
(quar.)
Pennsylvaniai Water
9-20
9-29
9-15
8-27
1
(quar.)
——
Pennsylvania Telephone, $2.10 pfd.
$2.50 preferred (final)———;
1
f- 8-25
9-15
1
10-
$1.25
preferred (quar.)
Pennsylvania Salt Manufacturing Co.
,9-15
9-10
10-
10-
5%
1
9-
9-15
10-
5*9-15
5
9-
7
9-
71c
participating preferred (accum.) —
Robertson (H. H.) Co. (quar.)
L
Ronson Art Metal Works (quar.)—
Roos Bros.,. Inc.
(quar.)
Rubinstein (Helena), Inc., class A (quar.) —
Ruppert (Jacob), 4*4% pfd. (initial quar.).
Russell Industries, Ltd., common (quar.).—
7%
preferred (quar.)—:
———_
Russell Manufacturing Co
—
11-30
9-
9-25
$1.50
$1.50
$25c
Pennsylvania Glass Sand Corp.—
Common
(quar.)
^
Consoliadted, Inc.—■
(quar.)———
Corp.
9-
9-15
12-15
7
9-
1
30-
Inc.—
Myers,
8-31
1
—
—'—
Extra
Robbins &
$1.12*4
class A (quar.)
Electric Switch Co., $1.20 pfd. A (quar.)
Penn
9-15
15c
$1.40
4
9-
1
10-
$2
[Morgan (J. P.) & Co.——
:
Iorgan Engineering (stock dividend).
preferred
9-20
9-29
8-31
$1.50
(quar.)
class A
$1.40
8-10
9-15
$2
(quar.)—
(quar.)
(quar.)
Common
9-10
9-15
10-
15c
(irreg.)____
Dan River Cotton Mill-—
Riverside &
10-19
10-
15c
Paper
Raisin
River
6
9-21
10-
Company
Richardson
1
Co
Telephone
Common
1
9-
3
9-
9-20
1
25c
—
Inc.
Ford, Ltd.
9-10
15c
Pipe Line Co
Pictures.
Peninsular
9-17
9-10
9-15
10c
(quar.) —
Tubes
preferred
7%
Penick &
8-30
1
10-
9-15
25c
common
Manufacturing,
Paton
9-20
10-
1
1
40c
:
Ltd——
(quar.)—
Ry.
Parker-Wolverine
9-14*
10-
10-
8-
(quar.)
Eastern
Paramount
8-31
9-10
9-10
common
(increased)
Mills
Panhandle
7
9-
10-
'
irrison
^
9-15
$1.20
7%
•
1
9-10
conv.
Page-Hersey
9-7
9-12
10-
25c
Light. Heat & Power, com.
Pacific
12-1
12- 5
9-10
:
(quar.)
preferred
Petroleum
•
-
lonarch Life Ins.
1
9-
1
8-24
prior preferred (quar.)——Preference (quar.)
;
Pacific Indemnity Co. (quar.)—_————
9-1
10-
1
9-28
11-
V
preferred B (quar.)
Republic Steel Corp., common (quar.).——
6% prior preferred A (quar.)_
Reynolds (R. J.) Tobacco—
3.60%
preferred (initial)
—vRheem Manufacturing Co. (quar.)
—
Rice Ranch Oil Co.
(quar.)————-—
Rice-Stlx Dry Goods Co., 7% 1st pfd. (quar.)
7% 2nd preferred (quar.)
4
'
:.
Pacific American Investors,
12- 1
5
9-
50c
214c
50c
Inc.——.
Carpet Mills,
Hosiery
preferred
.5%
$1.50
—
(irreg.)
(irreg.)———
B
Class
lohawk
iJojud
4
9- 5
15c
:
preferred
(quar.)———3714c
$2 .conv. pref. (accum.)
25c
Convertible
5%
12- 5
5c
Refineries,
lidiand
llidvale
Ottawa
9-
9-
$1
preferred (quar.)
7% pfd. (quar.)__
(quar.)—
Co.
Electric
Ottawa
2
35c
picromatic Hone Corp., common
lid-West
4
9-29
6244c
[Testa Machine Co. —
petal & Thermit Corp., common (quar.)
•7% preferred (quar.)
fetropolitan Edison 3.90% pfd.
Tlchigan Steel Tube Products
910-
9-12
* 25c
$1.1214
$1.3114
$1.50
—
%
preferred (quar.)5*4% preferred (quar.)—Tergcnthaler
Linotype
Co
4 *4
9-15
9-29
1
87*40
& Aircraft,
Car
Ottawa
10-15
50c
(quar.)——
Miners Transportation (quar.),
Co.,
Stores
10-
(quar.)_
preferred
8-30
35c
50c
—
ap¬
9-20
11-
1
12-
$1.12*4
37*4c
—
Republic Investors Fund—
6% preferred A (quar.)
15C
common-
preferred
Elevator
6%
8-21
9-20
60c
4*4%
Co.
Corp.,
$5.50
[itrcantile Acceptance Corp. of California—
6%
7%
9-7
1
Reo
—
Ontario Steel Products,
9-10
9-20
10-
preferred (quar.)
Motors, Inc.
$4.50
8-30
1
common
preferred
8%
Otis
9-10
10-
pfd.
6*4%
Grain,
Reliance
9-15
25c
$1.25
(accum.)__ $$1.62*4
(quar.)—„
30c
Remington Rand, Inc., common
>
20c
(quar.)
preferred
Power
Omnibus
9-5
9-29
8-15
9-15
1
9-30
$40c
6%
Oklahoma Gas & Electric
1
9-
9-15
5%
Ohio
8-15
$1.50
Ogilvie Flour Mills, common (quar.)
Finance 4*4% preferred (quar.)—
9-29
JlcKesson & Robbins, common (quar.)-.
*4
60c
$7
10c
4334c
——
IcClatchy Newspapers, 7% pfd.
ilcGraw Hill Publishing Co
60c
9-10
8-31
9-14
9-10
Corp.—
(quar.)_
(quar.)
(quar.)
Ltd.
Preferred
9-15
30c
Electric
1
10-
25c
Ltd.—
preferred (quar.)
& Engineering Co., com.—
non-cum.
Reliance
$$1
Ohio
itthiessen & Hegeler Zinc—
preferred (accum.)
Ilaxson (W. L.) Corp,
25c
(irregular)——
convertible preferred (initial quar.) —
convertible preferred (quar.) ——
Nu-Enamel Corp.,
9-30
5
Co
Pharmacal
Norwich
9-15
6
9-
Portland Cement (quar.)
Nor'western States
9- 5*
9-
9-15
$2.50
—
Insurance
River
$1.60
1
25c
10-
$1.75
$1.25
Regent Knitting Mills,
7iy8c
Northern Liberties Gas
30-1
to
(quar.);
Pennsylvania RR.
North
5
8-27
9-15
1
preferred (quar.)
preferred
North
9-10
10-
9-
~75c
Finance
American
North
8-25
$1.75
—_
7%
5
9-
1
.
9-15
$1.50
(Subject
shares held
proval by the SEC)
6% preferred (quar.)
5%% preferred (quar.)
100
every
9-
12VaC'
■
*
8-15
9-15
share
One
■
1
9-
$1.12*4
9-15
10- 1
$11.75
——
Bit Co
Roller
Reed
Co., common (stock div.) —
Pacific Gas & Electric for
American
10-
$1.25
preferred- (quar.)
$5
9-21
12-22
9-15
$50c
8-31
8-23
all
preferred (quar.)
preferred A (quar.)
5%
9-10
10-
9-14
8-24
9-13
50c
arrears.
8
10-15
$25c
1
9- 8
10-
,
The
1
11-
8-30
8-27
5%
(quar.)
preferred (accum.)
payment shown above clears
7%
7%
$1.25
;
A (quar.)
preferred B (quar.)
$6 1st
North
1
25c
Jiagazine Repeating Razor, common (quar.)
1
8-31
10-
$3c
40;
!
9-
Co.
$6 1st preferred
1*
8-
1
25c
;
Mines,
9-
10-
fl.62Va
[yon Metal Products, Inc. (quar.)—
Kacassa
9-15
9-13
88c
<quar.);—
Dreferred
8-31
9-15
Spring :(quar.)—.
Mines, Ltd. (interim)
—
Norfolk & Western Railway Co., com. (quar.)
North American "Car Corp., common (quar.)
7
10-
$1.75
10c
6V2 %
9-15
20c
Noranda
9-21
$12*4c
$1.621/2
37 *4 c
No-Sag
10-1
1
10-
Jowney (Walter M.) Co. (initial quar.)__—
J^nkepheimer Company, 6'4% pfd,,(quar.)-
10-15
———
9-10
-
Inc.—
Mills,
Hosiery
Silk
Real
1
9-
9-15
9-12
35c
50c
1st preferred
non-cumulative
4%
10-15
$1.35*4
Industries, Inc.
News Shipbuilding & Dry Dock—
$5 convertible
preferred (quar.)
Niagara Lower Arch Bridge (quar.)
Niagara Share Corp. 4*4% pfd. (quar.)
Niagara Wire Weaving, Ltd. (quar.)
9-15
9-1
10c
dividend)—
7
9-
9-1
37 *4 c
—
Inc. $2
Manufacturing (stock
.
9-15
2yac
Reading Co.-—
9-15
1
10-
$1.25
Newport
8-25
V
9-24
Newport
8-25
25c
(quar.)—
1
1
9-10
preferred (quar.)
bjiisiana Land & Exploration (quar.)——
buisville & Nashville RR. (quar.)
7%
60c
33c
5%
9-10
15c
$2
—
lord
9-
$14.12*4
(J. J.) Co., common (quar.
preferred
--w.Newberry (J. J.) Realty Co., 6% preferred—
6*4% preferred
—
'imm■
1
8-31...
1
10-
87 *4 C
preferred (quar.)
Rayonier,
Raytheon
9-13
*
'•
1
9-15
37 *4 c
Inc.
Raybestos-Manhattan,
8-25
9-25
9-15
25c
Packing Co
p11-
9-25
$1.50
Reo.
r-
■
11-30
(quar >
Corp.
Rath
8-20
7
9-
■
75c
Newberry
1
11-
$1
37'4c
.
$1.62*4
City Omnibus
PA NJ Utilities $3 preferred
York
11-
$1.10
$2
$2
[Original
6J4% pfd. (accum.)_,
9-11
9-15
30c
.
7
9-10
common
of America, $3.50 pfd. (quar.)_
(Pittsburgh), common—
8%
preferred (quar.)
Rapid Electrotype Co., common (quar.)_—
Radio
7
50c
Oats
Rand's
9-
NY
10-
.
9-
New
9-15
,
$1.12*4
50c
luid Carbonic Corp., 4*4% pfd. A (quar.)
!;ttle Miami RR. special gtd. (quar.)
8-31
9-29
New Method Laundry,
—
Quarterly
8-31
9-15
9-20
8-25
1
37'4c
dividend)
9-15
$1.12*4
New
10-
25%
$1.75
(stock
$1.31*4
New
8-25
9T10
.
31*4 c
preferreu
1
ife & Casualty Insurance Co. of Tennessee—
$1.25
8-31
—
$1.50
New
8-31
When
Puyavte
75c
(quar.)
6%
preferred (quar.)
Quaker State Oil Refining Corp.
Quaker
37 *4 c
8-20
9-15
25c
ffeby-Owens-Ford Glass
berty Aircraft Products Corp.—
9-15
^
•vVv':
(accum.)__.——_
(accum.)„——
lien preferred
lien preferred
Haven Clock Co
prior
prior
9-14
2oC
Corp.
9-
England Telephone & Telegraph Co.__
England Water Light & Power Assn.—
New Jersey Zinc Co
.J
—
5
9-14
40c
r
4__:—
(quar.)
Co.
9-15
1
35c
(quar.)
Corp.
1
10-
25c
|^(H. D.) Co., Inc. (quar.)_„^_„
)hn
12-21
10-
10c
62*4c
4
75c
(quar.)
Nexsner Bros., Inc.
(quar.)
New England Public Service—
Steel
National
8-25
12-31
—___—$3
(s-a)
common
'
9-14
$1
inett-Bleachery & Dye Works______——
wyers Title Insurance Cor^p. (Va.) —
\S%
Payable
* Share
Name of Company
IloMert
Per
Share
Name of Company
of Rec.
Payable
Share
Name of Company
of Rec.
Holdert
When
Per
Hoiacn
When
y';per
...
1027
FINANCIAL CHRONICLE
THE COMMERCIAL &
|rolume 162 ? Number 4417
9-29
8-30
50c
9-15
8-24
.
9-29
$1.25
12-29
9-15 !
12-15
$25c
10-
1
9-20 i
$75c
10-
1
9-20
10-
1
9-13
9-20
8-30
(stock dividend)
25c
10-
1
9-21
$1.25
10-
1
9-
a
$1.25
10-
1
9-
8 !
preference
(quar.)
—-
1
9-10
9-15
8-31
Swift
5%
&
$1
$1.25
7*4c
Clothier, $5 pfd. (quar.)——
preferred (accum.) ———Sun Oil Co.
(quar.).._
—
Sunshine Mining Co..—.——■—
Sutherland Paper Co. (quar.).——
10-
$1.25
,
preferred (quar.)———
Engine Co..—— -——-—
convertible
Prior
31V4c
preferred (interim)-.
Phosphate & Acid Wks.
Stecher-Traung Lithograph Corp.—
5% preferred (quar.)—
—
5% preferred (quar.)——*.
—-—
Stedman Brothers, Ltd., common (quar.)—
Strawbridge &
'■ '
20c
Materials—
conv.
Company
(quar.)
——
10%
25c
10c
30c
40c
9-15
10-
1
9-15
10-
1
8-24
9-
i
j
!
j
9-1 I
9-
lj
*'<:
THE COMMERCIAL & FINANCIAL CHRONICLE
1G2B
Corp.,
Transit
preferred
5%
ru- i
i*, i
common
common
Tacony-Palmyra
Bridge,
Class A' (irregular)
Talcott
X-ic
5Uc
,
Tecumseh Products Co
Corp.
J5C
25c
;
50c
50c
10c
62'/2c
$1.75
—
Texas
Company (quar.)-:
Gulf Sulphur Co. (quar.)
Texon
Oil
Texas
Land
&
Co.——
———-
Jncorp., $2.50 prior prer. (quar.)—
Shovel Co., 7% preferred (quar.)—
Textron
~Thew
Products, Inc., common——.—
25c
4%
preferred (quar.)
——$1
Tilo Roofing Co., Inc., $1.40 conv. preferred
35c
10c
—
—
Roller
Timken
deposit
Co.
(quar.)—
preferred
50c
$4
25c
Oil Co. of California—
Pacific
preferred
4%
Union
Sugar
Union
Wire
United
(initial)
common
(quar.)—
(quar.)—
United
—
Chemicals, Inc
in common stock of Westvaco
i',.Chlorine Products Corp. at the market
.
United
Fuel
class
(quar.)___
Coal
Electric
United
6%
Corp.
preferred
'
{
United
;
Merchants
Common
5%
5%
1
;
U.
U.
30c
;
.___
$1.25
$1.25
$1.25
$1.25
44-
(quar.)-
S.'Casualty, 4% non-cum. class A
States Freight Co.
(interim),
S. Graphite Co.
:
United
U.
S.
Co.
Guarantee
S.
Gypsum
'7%
Co.,
preferred
$2.50
50c
25c
20c
—.
(quar.)
'
U.lU Rubber
States
Steel
States
Tobacco,
7,%
preferred
,
Corp.,
Universal Match
Yosemite
5'A%
11-10
——
'
prior preferred
Iron
Dorn
(quar.)
Works
(quar.)_
Vapor Car Heating Co., Inc.—
7% preferred (quar.)
7%
-
preferred
Veeder
Root,
!
._
(quar.)
A'
Inc
Common
v.
5%
____
(s-a)
A
(s-a)
Equipment Co.,
9-
9-
Less
x
4
30%
Co.
Curry
1
8-31
8-31
—
12 %c
1-
2
12-15
50C
Co
10-10
(quar.)
A
income
closed
not
General
9-14
8-20
9-
10-
ivA
25c
1
9-15
9-
8-31
./
25c
9-10
this
♦On
9-10
8-24
10- 1
10- 1
9-10
Ltd.
.A*
in
10- 1
10- 1
10- 1
Whlgreen
Walker
'$1
Co.,
(Hiram)
preferred
Waltham
G.
9-15
9-13
10- 1
1-2-46
4-1-46
7-1-46
10-10
'
9-15
9-14
9-
1
Cost
of
preferred
,,;7%
Wamsutta
Mills
3-15
A
Gross
6-15
Other
9-20
less
8-10
$0.64
$0.66
$0.66
profits
excess
for
taxes
the
161,
p.
467.
•
quarter
~
'
,
Federal
excess
administrative
.<■-■-
-
-
8-20
cellaneous
9-10
' 9-10
9-15
> 9-15
10- 1
9-12
9-15
9-14
10- 1
9- 6
8-20
facilities,
10-1
9-30
1-2-46
12-22
9- 7
8-24
9-10
12-10
9-
1
12-
;■.■
--
$4,116,176
9-
1
54,649
154,194
8-31*
Earnings
81,769
and
174,000
174,000
2,833,000
2,586,000
surtax_l_________________
(net)
tax
—
A
35,000
21,000
$1,087,296
$1,024,989
$1.15
tax________
per
9-3.
common
$1.06
share.
Balance Sheet, June 30, 1945
,
9-
4
9-a
4
9-14
9-
A
1
8-31
9-
and
accounts
of
etc.,
notes
$183,681),
deferred
and
assets
receivable
(after
for
reserve
(at cost),
doubtful
inventories,' $3,329,544; mis¬
$2,221,174;
plant
$1,855,957; /emergency
items,
plant and equipment (after,:resei;yes for
depreciation and amortization, of $3,950,186), $4,739,730; patents, $2;
total. $17,430,916.
' ' :
A
'
■
A' -.- .:;
'
"
' A A.
4
9-15
8-27
$209,568;
property,
Liabilities—Accounts
payable, $832,819; accrued taxes (other than
profits taxes), payroll, etc., $1,469,421;
reserve
for Federal income and excess profits taxes (after deducting
U. S. certificates of indebtedness and Treasury tax notes and accrued
Federal
and
income
interest
thereon
of
excess
$5,238,270),
$612,717;
3%%
15-year
sinking
fund
note payable to bank (2'/2%)
emergency
plant facilities contract, secured by
assignment
of
reimbursing
payments
from
Government,
$209,568;
reserve
for
post-war adjustments of inventories and
other assets,
$640,000; common stock (par $1), $926,547; capital surplus, $657,773;
earned
surplus, $8,082,138; common stock in treasury, at cost (14
shares), $67; total, $17,430,916.—V. 162, p. 395.
debentures, due Feb,
in
1,
I960, $4,000,000;
Period End. July
1
9-
8
1
9-
8
Total
9-15
9-15
9-
5
Maint.
9-
1
of
31—
of System-
1945—7 Mos.—1944
1945—Month—1944
$10,983,570 $71,437,479 $69,656,430
1,442,746
1,319,317
9,218,302
9.316,743
1,836,102
1,862,001
12,274,073
12,496,371
$10,397,078
ievenues___
oper,
Malnt.
& struct.
way
of
Transportation
9-11
Other
9-20
*
equipment
8-31
expenses
expenses.
$7,123,539
income..
1,475,649
557,490
expenses
Total
oper.
oper.
ry.
l
9-15
9-15
8-16
9-15
9-20
8-31*
9-10
8-10
9-12
8-15
9-15
8-10
9-35
8-10
1
9-15
1-2-46
9- 5
8-21
10-24
L----—
from
at June
'A
1915
30,
,
-
*
-\v.
$2,437,900
5,006,310
3,238,390
;
10,510.800
/
44,151
-
A 87.33T
<
1.
to
compared
year.—V.
162,
Net
from
Net
ry.
p.
818.
/
Gross
11-15
—V.
(quar.)/—;—A
*
'75c
75c
$1.25
' A
Stationery, com. (incr'd)
(quar,')-.,.,,^/^v,vi—
(quar.)
—,
$1.25
$1
$1.25.
$1.25
>
1944
1942
1943
$1,131,402
$732,403
t.
632,598
384,222
income—
106,619
188,320
112,885
12,080,045
11,963,019
6,006.221
9,855,688
5,510,372
6.865,167
3,060,138
1,620,251
1,750,690
2,070,173
237,020
109,646
railway.—
162,
5,763,191
1,587,048
railway
oper.
p.
9-
6
9-15
9-15
9-15
2-15- 46 2- 1
9-14
9-29
•9-18J
12-18
outstanding
shares
(no
$21,285,803
per^^'share-
$103.85
,'
i
p. 2793.
'
;;vV•.;Va'/XT;-.'«s"';. :"r'
■fai*
';',v v: k
A.'i
•
-
"a,
.-
A bank¬
—
ing group headed by Van Alstyne, Noel & Co. and Johns¬
ton, Lemon & Co. on Aug. 29 offered to the public $3,-
000,000
5%
10-year sinking fund subordinated de¬
maturing on Aug. 1, 1955, and 70,000 shares oj
stock, Series A, with nonstock purchase warrants. The de¬
priced at 100 and accrued interest, and15
$1.50 cumulative preferred
the
common
were
preferred stock at $30 a share and accrued dividends.
Are dated ' Aug.. 1. Id4£; due Aug. ,1. 1955,
Authorized ?
.Coupon debentures in denominations of $1,00Q,;register-'
/vDebentures
S6.-000,000.
.able;as to principal only, and'$500,
Feb.
1
not registerable.
Interest payable
Marine Midland Trust Co., New York, .trustee.
and interest to all indebtedness on.bank
commercial paper maturing within not more than nine months
and
loans or
and
Feb.
for not exceeding nine months.
Annual •
of consolidated net earnings, commencing •
for the fiscal year ending Sept. 30,..
of consolidated net earnings, to be set aside on Feb. 1,,
> :A;:Av'A/
> •'/;;::
/ A/./. A.
i
fund
1,
to principal
as
renewals thereof
equal to 20%
any
sinking
at
Aug. T
Subordinated
sinking
the
1947;
1945, being 4%
1946.
fund
.
Stock—Cumulative
Preferred
dividends
at
rate
of
$1.50
per
share
(
payable quarterly Feb., May., Aug. and Nov.
Redeemable
at any time at $33 per share on or before Aug. 1, 1950. $32 per share i
thereafter and on or before Aug.
1, 1955, and $31 per share after *
Aug. 1, 1955, plus, in each case, accrued dividends to date of redemp- t
per
annum,
will
share
Each
tion.
share
3
p.m.
the
of
carry
a
Offering
the
to
to
purchase
time prior te
'
addition
the debentures,
to
stock purchase
70,000 common
-
1
the pre^
^
attached:
warrants
com-1
|
stock being offered through the underwriters,
presently offering without any underwriting;
,
;
preferred
is
pany
the
and
any
;
Company—In
the
by
ferred stock
(non-detachable)
warrant
stock at $12.25 per share at
common
(EST), Aug. 1„ 1948.
.
stock, at $10.50 per share, t6 i
employees of the company or its subsidiaries, with five or more years |
length of service or holding positions of managers or positions superior,!
(a)
including
thereto,
based
be
shares
40,000
This
its
officers
common
and
directors.
Allotments
per
person
open
until
wilt"
the position held.
upon
to
offer
of
the
employees
will
initially
be
held
Sep*?!
At the expiration of that period,, any shares not taken
the above basis will be re-allotted to qualified employees,
including officers Mid directors, in proportion to the number of .addi^
ti^nal shares requested by them. No offering of these shares to persons t
1945.
on
up
this
I
noted that W. A. Thompson, President of the
donate gratuitously from his own holdings of common
the company, l'/2 shares of common stock for each 10 shares
f
the
than
company,
stock of
above-mentioned
employees
is
contemplated.
In
is to be
it
connection,
will
subscribed
for
by
the
employees,
provided
that
the
number of
shares
one employee shall not at $10.50 per share exceed
$3,000.
The effect of this will be to permit ttyg
acquisition by employees of 11% shares for a cost of $103, an average
slightly in excess of $9 per share.
There will be no underwriting
discounts or commissions payable in connection .with this offering, unci
to
be
given
any
of
-
proceeds to the company will be $10.50 per share or an aggregate
if all of the 40,000 shares are subscribed; ■ /
i;
the
of
so
equivalent
$420,000.
(b)
29,628
shares of common stock to the public holders of
common!
stock purchase warrants1
(the Eastern company), in exchange foff
their common shares or warrants of that, corporation on a share for /
share basis, plus, in the case of the warrants, payment to the com*}
stock and 27,978 shares to holders of common
income—
of
Seaboard
pany of
608.
Finance
Corp.
$6.38 (the exercise price) per warrant exchanged on or before i
1945;
"A
m i
95,000 shares of common stock issuable upon the exercise of the i
warrants to purchase such shares of common stock, and such additional/
Sept. 30,
8-24
II- 1
11-15
2-35- ■46 2- r
11- 1
11-15
10- 1
1-2-46
204,975
to
$25)--.,^--„^
Seaboard Finance Co.—Securities Offered
the
$1,477,847
railway
from
ry.
40c
:
■
in period
profits taxes
period last
$1,141,725
299,200
railway-
oper.
from
$1,12%"
2'Ac
in July 194.5 and $9,110,298
From Jan. 1—
Net
(quar.)
$9,959,308
1945
from
Net
Co.—
$1,657,597 $10,941,557
St. Louis Brownsville & Mexico Ry. —Earnings-
8-31
(irreg.)—.—
34,003
1945, for estimated income and excess
$1,919,000 in month and $8,449,238 in
July—
Gross
11-15
Virginia
41,660
July 31.
with
-$21,324.88^,
*39,035
':v.
195,398
$9,993,310
5,485
$1,499,141
chgs.
deductions of $1,260,311
♦After
Jan.
9-7
Virginia Water Service Co., $6 pfd
260,387
17,913
fixed
for
12- 1
12- 1
9-15
10- 1
10- 1
10- 1
9-20
25c
161,
—V.
other
♦Bal.
25c
West*
34,234
9,797,913
$1,663,082 $10,983,217
$1,517,054
income—
income
Total
Deduct,
preferred (s-a)
—4—$2.50
^5%
preferred (quar.)
$1.25
Washington Water Power, $6 pfd. (quar.)_,
$1.50
5%
as
_
^
value
Net asset value
22,
10-24
11-1
West
10,722,830
12-15
11-1
(quar.)
1,628,848
8-16
62'Ac
„
22,120,496
3,751,592
$6,852,726 $48,057,209 $47,685,202
41.405
income
22,722,127
3,842,707
10-10
$1.75
C^iass C ( iuterim
Washington Railway & Electric Co.-—
3,120,674
550,736
3,287,201
9-10
10-20
10-
stated
a
St. Louis-San Francisco Ry.—Earnings
10-
25c
S%
>
:
a
securlties__-_^__-.___^
applicable
assets,
>AA'-'r
with
connection
10-
$1.75
(quar.)
(quar.)
Tablet-&
substantially all
of
qualifying as
(
'
preferred
preferred
■■;Aaa'Av;
taxes,
Income
stocks -_'_w
bentures
Assets—Cash, $2,434,935; U. S. certificates of indebtedness
8-10
Warren Brothers Co/Class A (quar.333Ac
A'SK-
by
Federal
for
and notes
detachable
,
5
Western
242,283
256,281
transactions.
-'(.-J-J-'
$3,887,758
income
9-15
9-
A
bonds
:1:
11-30*
:
9-15
;5*5?
A46,63^|
■
par;
$3,733,564
>
.•
1
9-15
$1.25
common
$257,070
since
Federal tax payregulated mutual invest¬
under the Internal Revenue Code.
'
;■$
Government
bentures
t$l
preferred
(quar.)
Warner & Swasey Co.
RR.,
$256,033
257,808
made
relieved
prior years,
in
company
S.
Net
A; 687,268
36,529
profits
Income
Net
40c
(quar.),
5%
Pacific
A / 61,209
Taxes and other expenses accrued.
1944
846,358
expenses____
etc.
expense,
accounts,
State
9-10
5
preferred A (quar.)__.
preferrpd' Ar fouar.)_
1942
$303,705
>$253,234
security
has been
be
expects to
as
from
■
1943
269,977
loss
or
provision
Common
allow. $15,569,934 $15,084,412
10,607,399
10,663,579
9-15
9-
5%
June 30
Total
^'l$4,170,825
normal
Federal
8-14
Common
J
year^'
a
$307,737
51,704
Dividends and interest
1945
and
returns
9-11
Western
S 103.85;
was
June 30
on
Cash
</-
,
A,
7
9-15
Exploration
Fund
U.
,
Corp.—Earnings—
;
1
t25c
common
PaDer
paid
Investments, at quoted vglues:
in 1945, $618,100 in 1944, $366,160
1942.—V.
$94.46
and
$314,444
■
Statement of Net Assets
Income
Total
Interest
9-15
9-28
&
82f;.j
1944
Preferred stocks
and
to $342,000
1945,
30,
June
on
1944,
$269,413
o
gain
ment
$0.34
discounts,
,-
9-
9-15
Pulp
income
Note—No
$65,898
normal
&
■
.
9-
50c
Western
share
31,
$341,555
72,142
Dividends
$125,914
profit
4
50c
(quar.)
Waukesha Motor Co.
per
Dec.
on
Income Statement for Six Months Ended
♦Net
$125,970
income
-.v-i".•
•
9-
preferred (accum.$1.75
Warg Shoals Manufacturing Co. (quar.)_„_
50c
B
$96.24
to
A/A/-
goods sold
9-15
Ward Baking Co. $7
Clkss
value
asset
net
compared
1942
->
$219,376 in
general
Selling,
t20c
Ltd.
preferred
(quar.l_;
$197,
ago.
Expenses
1943
6 Months Ended June 30—
9-15
9-15
9-30
4 iu-
7%
The
12-15
35c
(quar.)„—
Watch,
income_____
162, p. 2339.
Total Income
1944
Rustless Iron & Steel
9-15
50c
(s-aL-
& W.,
69,540
Scudder, Stevens & Clark Fund, Inc.—Report—
$122,102
share
and
1943,
10-1
9-10
(quar.)
(quar.)
(quar.)
common
(quar.),
Mines
120,54^
V
9-15
A
$1.50
;
Amulet
$213,461
189,830 shares.
10- 1
10- 1
10- 1
9-20
12-20
10- 1
9-25
37'Ac
•
_
Wagner Electric Corp.
Waite
$84,445
Net
-V.
ments,
1945
■
ended June 30 amounted
9-11
$1.75
Building
$89,626
earnings—int.
Other
Other
IA_________
(quar.)
Cotton.
68,490
dividend.
Corporation and
taxes
♦Earns, per
8-18
8-JL-46
..___
De'tinhing Co., common_A„__
Wells
120,579
41,880
$387,9ld
$402,530
59,952
tax.
for
profit after deprec. A/A.> A--',-,
all charges, incl.
A
Net
Net
Extra
$186,277
60,148
37,690
"9-T"
Corp.—Earnings-
3 Mos. End. June 30—
8-31
4-15
Wacker
$187,464
the
Rome Cable
8-28
7-15
Waodsso
147,523
74,674
1
8-31
5-1-46
(quar.)
150,623
deductions./
Net
♦Before
37'Ac
prererred
73,168
Prov. for Fed. inc. taxes
(Continued from page 992)
I-lo
'7%
107.760 '
local
and
1
10-15
'
53,877
74,469
Fed.
Total
4
2-1-46
Vulcdn
55,509
73,377
111,145
taxes
1
8-18
-
Investment News
4
9-
9-1
37'/2C
__
__
705,805
34,631
1945
9-20
9-25
11- 1
(quar.)
807,459
32,859
5
9-
9-15
9-15
$1.37'/2
■
98-
25c
50C
(quar.)
com.
9-10
9-20
25c
preferred
preferred
$1,545,134
325,359
Depreciation
A
$1,423,673b/
$673,312
366,787
Maintenance
State,
1945—6 Mos.—1944
1945—3 MOS.- -1944
$717,088
Operation
9-20
25c
$1.25
62'Ac
37'Ac
•6%
j
(Consol.)—
class
books
9-14*
$2.50
.
——
•*6'%
military I
James
Francisco office, has
Earnings—
earnings
gross
>
pfd. (quar.)
Viking
conv.
resigned as Treasurer of ;
1942
in
member
a
Period Ended June 30—
Total
tPayable in U. S. funds, less 15% Canadian non-residents' tax.
tPayable m Canadian funds, tax deductible at the source.
Non«
resident tax. 15%; resident tax, 7%.
a Less British income tax.
8-31
9-10
-•
who
Becker,
B.
Seattle Gas Co.-
1
9-
$1
Jamaica
♦Transfer
Pump Co
Virginia Elec. & Power Co.," $5 pfd." (quar.)
Vffginian Railway, common (quar.)
'•6%
preferred (quar.)
;l
6% preferred (quar.)___A
$1
Woolsey,
1
9-
9-15
5
$2.50
_
preferred
Sidney
8-30
Vicksburg Shreveport & Pacific Ry. Co.—
Victor
9-20
9-15
Youngstown Steel Door Co. (quar.)
Zeigler Coal & Coke Co.—
5
9-
&
preferred
50c
____
pfd. (accum.)
common
•jj5% prior preferred (quar.)____
5%
37«/2C
$1.12%
$1.12%
(L. A.). Spring & Wire
Youngstown Sheet & Tube Co.
8-24
9-
Park
Col.
.
Cab
■
1
common—
Young
8-30
$1.75
$1.75
iquar.)—
Corp
Utica Knitting Co.,
40c
433Ac
(quar.)—,
pfd.
Universal Products Co._
:
Upressit Metal Cap Corp., 8%
Van
-----
___________
$2.50
5
(quar.)__—_,
(accum.)
$2,640,000;
(quar.)—
(N. Y.)
Laboratories
Universal
common
(quar.)
United States Trust Co.
A
■f
8-20
12 %c
Checker
&
'',
plus
of the staff in the San
been elected Assistant Secretary.—V. 162, p. 882.
E.
9-25
Class
*
.
common
9-
share
Lt.
8-31
9-15
9-
10-12
50c
*-
Chi, common/A-.;
United
-
A'
AA
-
Schenley Distillers Corp. to enter the Army, has returned from
service and has been elected a Vice-President of the company.
9-10
62'/2C
—.
^—__
8%: non-cumi/ 1st preferred,
United
-
1
$15
62'Ac
50c
40c
$2
$1
__
& Lithograph-Co.—
(quar.) r;_
9-15
15c
25C
$1.50
(quar.).
10-
$2
$1
30c
______
—
preferred
8-31
15c
62 Vic
D/S. Pipe & Foundry (quar.)_.
-Quarterly
U. S. Playing Card Co.
(quar.)_—
VF-8. Potash Co. (irreg.)
~5%
9-15
Towne
&r,
62'Ac
50c
(quar.)
U. S; Leather Co., 7% prior preference (quar.)
U/S.' Printing
$1.75
8-31
9-20
50c
$1.75
$1.75
40c
40c
50c
$1
(quar.)———_
common
pfd. (quar.),,
10-15
A
1
Gross/ sales,
—
& Canal
9-15
10-
Yellow
,
preferred (quar.)
preferred (quar.)
preferred (quar.)-----_.;
preferred (quar.)_
;___
N. J. RR.
Co.
10-15
10-31
prior preferred
Note—Estimated
58%c
53c
50c
.
——
5%
Uh'lted
I
$1.50
$1.12'/2
>'.>
be
-
Manufacturers—
(quar.)
11-
pfd. (quar.)_
pfd. (quar.)
50c
8-25
'
_
5%
U.
&
10-15
A/
will
redeemed
be
to
accumulated dividends of $1.37'A
per share, or a
total of $106.37'A
per share.
The directors also declared a regular
dividend of $1.37% per share on the 5%% cumulative preferred stockspayable on Oct. 1 to stockholders of record Sept. 25.
8-23
Federal
/'t75c
50c
—»
—
(monthly)_______
6.36% prior preferred (monthly)
6%' prior preferred
(monthly)
__
■
1
1
9-15
9-10
9-15
' 9-15
9-10
9-15
25c
Ltd.—
prior preferred
7%
8-31
11-15
11-
Manufacturing Co. (quar.)
Yates-American Machine Co.,' common
9-10
10- 1
10- 1
40c
—
United Light & Railways (Del.)—
9-10
12-30
Shares
and
(quar.)v—
United Illuminating
20c
$$2.50
10-
;;
Cos
Investments,
A
per
$1.50
v/A-ASl';.
v
-
called by lot from stockholdings of
the close of business Sept. 1 for redemption on Oct. 1 at $10,/
record at
8-29
Yale
3
9-
TV/value of said stock on Aug. 31, 1945.
Elastic
9-10
9-12
$5c
Payable
United
9-24
(quar.)
a
the com-»
cumulative $100 par pre-//!
shares of 5'A %
stock.;
10c
Inc.-.
Governor
conv.
ferred
140,614
pany's outstanding
9-15
Wright-Hargreaves Mines, Ltd.__
Wrigley (Wm.) Jr. Co., common
9-24
$1.50
$2
30c
25c
25c
30c
30c
—
Rope Corp. (quar.)—-——— —
Products, common (quar.)—
Fastener
1
8-
10- 1
9-29
66%c
——
Aircraft
United-Carr
Industries,
4'A%
8-20
j
,•.
f
(s-a)
(quar.)_.
Co.
Inc.
Elected—
redeem 20,000 shares of
Aug. 28 voted to
on
9-15
1
*.
Worthington Pump <fc Machinery,
4'A% prior preferred (quar.)
1
8-25
10- 1
10- 1
9-15
10- 1
i-A;
- 50c
$1.50
(quar.)—.
4
37'/2C
$4.50 prior preferred
(quar.)
4
$1.12'/2*
Twin City Rapid Transit, 7%
pfd. (accum.). .-,: $1.75
Two South La Salle Street Corp. (quar.)
50c
Underwood Corporation ——i,
A—50c
Union Bag & Paper Corp.—,.
15c
A
RR.,
Co.
Electric Power, 6%
Michigan'Pr. 4%%
Woodward
1
9-
v'
Corp.—
(quar.)
conv. preferred
Union
9-
9-
9-15
preferred
Gas
,A,AAA,
Woodall
4*
10-22
9-10
$1.37'/2
—w—.
Coihmon
.-<•$3.75
&
Wisconsin Power & Light 7%
: 6%
preferred (quar.)_
8-.27
9-10
9-10
—
■
—
'
common
Twentieth Century-Fox Film
Union
7
9-
9- 5
(quar.)———1-■—
Co.;
preferred
•■•5J/2%
6
9-
11-15
9-15
9-15
(quar.)
(quar.)—.——
Coal
Truax-Traer
•
———
(quar.)—
Co., common
-5%
9-
9-15
9-15
9-15
9-15
25c
25c
$1.25
Trinity Universal Insurance Co.
Extra
•
1
25c
Oil
Electric Co., 5% non-cum. pfd
Hosiery Co., common (quar.)„___,,
Wisconsin
.
The directors
8-27
9-10
10-
$1.25
Co.
F.)
9-
1
10-
3
40c
/
A,,*.,
20,000 Shares of
Schenley Distillers Corp.—To Redeem
Preferred Stock—New Vice-President
8-15
9-15
i
25c
(quar.)
(quar.)
0/ Rec.
9-15
$1
(quar.)
Co.
Products,
Wisconsin
8-30
,
(quar.>__.
Holiert
Payable
25c-
Common —
Shipyards Corp
——
——
Too'ke Bros., Ltd.
Tdionto Elevators, Ltd., 5'/.»%' pfd. (quar.)Transue Si Williams Steel Forging (quar.)—
Trion
Winsted
Share
Winnipeg
8-31
5%
9- 7
$1.25
9-10
t25c
10- 3
$65 %c /; 9- 7
(interim.)—*——
rets
Todd
Travelers Insurance
Willson
Co., Ltd.—
Tobacco Securities Trust
/American
9-15
—
50c
(quar.)
Bearing
Common
(H.
/
;
w
Instrument
Paper
Motor
8-28
io- l
9-15
9-27
11-1
9-15
Thompson
Wilcox
Electric
8-24
y-io
.
White
9-15
V.
—
Weston
Whitaker
9-17
10- l
y- *
10- 1
A
-
Inc.
9-15
iu- i
•
—r~
r
Telephone Bond & Share—
7%* 1st preferred (accum)—
Tennessee
iuc
56'Ac
30C
I5c
(quar.)————
common
(James),
Westmoreland,
A
Coal
9-15
*
Brake
Air
Westmoreland
11-15
a-2»
(quar.)—
Westinghouse
7-28
9-29
ouc
————.
4J/2% preferred (initial quar.)————
•Taylor-Wharton Iron & Steel Co
...
Teck-Hughes Gold Mines (interim)-—:
"
.
50c
—
/'A.:
Name of Company
■>
>9-20
10- 1
When
Per
of Rec.
Payable
——25c
Sylvahia Electric Products—Syivanite Goid Mines, Jutu. (quur.i
Syracuse
Holdert
When
Per
Share
Name of Company
Monday, September 3, 1945
San Antonio Uvalde & Gulf
July—
Gross
Net
Net
,
From Jan. 1—
from
Net
from
Net
ry.
1944
1943
1942
$223,560
$224,707
12,533
*14,721
$148,519
*278
*40,247
*
raiiway___
"
income—_
p.
43,726
*4,166
1,539,783
1,425,345
*5,604
314,398
962,114
38.227
3,131
' "*250,046
indeterminate
84,066
*315,853
*384,589,
number of shares of
s.
W-
stock
as
may
be
requireaK
cover
such
scrip
and
the
25,000 warrants being sold separately to the preferred stocky
ard the payment to the company of the purchase price'/
per share,'
'
"
underwriters)
of
$12.25
Underwriters—The
603.
common
possible adjustments of the purchase price, together with I
certificates., with res^dct to fractional, interests therein astshall be required.
The shares are issuab'e upon the exercise of war-r
rants
(both
the 70,000 ■ warrants
attached to " the preferred ,-stock A
to
,
■;1,611,777
oper.
162,
*63,887
*43,105
4
railway—..
*Deficit,—V.
RR.—Earnings-—
1945
$234,482
/
,from railway....
from railway—
ry. oper. income
Gross
(c)
names
of
the
underwriters
and
the
respective [
umber
of
debentures
purchased
e
and
by each
shares
are
of
>:•
Shares
$250,000
500,000
8,500
Alstyne, Noel & Co.——-—_
Johnston, Lemon & Co._
Auchincloss, Parker & Redpath_—_
-—
Barrett
C.
Co
&
'1"
200,000
&
Cassell
•7,500
1,750
219
-
v
250
25,000
/V
E.
W.
Clucas
&
Courts
&
i 200,000
Co.-———
Torrey
&
250,000
Reserve
See
$5,804,785
1,386.904
Earns., bef. Fed. taxes and special reserves
for Federal taxes
,
32
A.
G.
"V:'V '
1,000
'
125
■
895,406
125
Earned
per
16,500
2,063
Earned
per
125,000
1,500
188
1,000
125
v
Co.
...:———
&
•
_
Sons—~
(After giving effect to retirement
$5.91
$0.73
Securities
C.
Gibson
Co.
&
of
Hamlin
&
100,000
Chicago—
Co
50,000
100,000
will
2,173,033
1,000
125
1,854,936
$3,508,857
$3,269,235
Liabilities—
:_
50,000
50,000
; -
liabilities
Other
125
1,000
1—
—
debt—
term
Long
Simons, Roberts & Co.——i
Stirling, Morris & Bousman
and
reserves
5,166,034
C.
T.
Williams
&
Co.,
Inc.—
125,000
Business—Company and its subsidiaries
20,000
:
.
Total
2,500
.
the
small
dealers.
is
It
the fifth
approximately
companies in this country.
loan
size
in
$9,967,969
California, now its two principal subsidiaries.
Both of
had been in existence and doing business for a
prior to 1943.
'
During the fiscal year ended Sept. 30,
and
of Seaboard's
business
consisted
11%
of
1944, about 89%
consisted
of
these
made
$245;
the
of
19%
and
$7,931,418
6 Mos. End. June 30—
of
the
Cost,
of the dollar
making of small
household
goods,
and
49%
31,
stock;
of
(b)
shares of
stock
common
all
(c)
of
the
for
the
2.436
of
issue
(a)
shares
the
Profit
its
to
Authorized
debentures
Common
stock
stock
•Series
A,
per
reserved
(no
(par
annum,
for
payable
for
agent
transfer
York,
the
Angeles,
Bank,
The
New
stock
common
First
is
registrars
York,
sto<-k
for
and
the
Bank
are
Man¬
Bank,
stock
:
Los
Chase
are
Trust
&
•
•
•
1944
^
Sept. 30^
315,920
taxes.
$586,229
$728,437
$578,493
$640,631
Net
303,202
358,166
282,152
245,470
Other
be
$283,027
noted
amount
that
to
the
/ $370,271
annual
$150,000 and
$296,341
Interest
the
charges
annual
be
sold
company
fallowing
received
chase
such
will
of
Seaboard
holders for
receive
an
Finance
cash
Corp.
plus their said
company), to
warrants, the parent
aggregate of
to
stock
of
the
parent company
Such proceeds will be used;
To retire
two
company
classes
of
to the
41,834 shares
preferred
stock
$2
cumul.
$33
To
retire
3)
To
reduce
per
cumul.
stock
at
secured
officers and
loans
by
$4,909,492;
$109,653
deferred
and
charges,
Fed.
870,479
-
1,827,701
107,870
$7,155,583
$8,248,608
54,814
40,575
$1,986,747
2,036
98,919
1,473,055
4,807
$7,210,397
$8,289,184
1,432,153
23,655
:'
17,694
417,481
455,066
5,326,528
5,771,285
19,347
19,839
55,224
107,988
Crl43,215
refund
Crl47,299
Cr532,653
Cr262,857
income
Net
♦Earns,
$526,295
$540,196
$0.97
.y
$1.00
com., share
per
♦Based
$1,920,160
$2,200,005
$3.54
$4.05
.
each period on
in
542,818 shares of common stock now out¬
this after giving effect to the 100% stock dividend issued
1944.—V. 162, p. 609.
'
standing,
Dec.
4,
p.
Co., Ltd.—Earnings—
1945—3 Mos.—1944
1945—12 Mos.—1944
operating revenue $16,848,923 $15,706,560 $66,094,930 $61,637,663
expense
1,862,258
6,412,769
233,838
.864,825
expense
Distribution
7,429,452
1,376,265
expense
230,331
789,207
1,342,186
3,324,409
3,026,697
2,402,617
2,359,950
910.717
641,397
590,537
827,307
753,266
3,230,722
3,052,457
5,446,600
4,198,720
19,626,800
15,545,000
1,742,054
1,634,603
6,445,420
2,057,371
1,965,000
6,839,741
8,045,533
65,451
:261,805
&
expense
gen.
(net)
—
'™——-—
taxes
for deprec
Provision
of
Amort,
8,555,737
adjustments
•
Net oper.
65,451
—
Int.
$64,500,000 outstanding 18-year 27/a% sinking fund de¬
bentures, due July 1, 1955, have been called for redemption on Nov. 1,
fional at 104 V2ofand interest. Payment willtrustee, 11 atBroad Chase New
ext.i Bank
be made
the St., Na~
the City of New York,
York, N. Y.
The funds for this redemption will be
50,000,000 bank loan and from treasury, cash. annual
cost
of
where
payments
1.72%.
for
a
term
commencing
Eleven
of
10
the fifth
banks
participated in the loan.
in. New
The
the New York Trust Co.
obtained
year
with
an
York
City
and
banking
credit
261,805
*
interest
average
11
was
banks-else¬
arranged, by
-
$3,814,484 $15,344,494 $14,584,304
,
1,200,143
1,197,715
4,800,626
4,899,151
Common
1,256,316
—.
1,193,739
'
,'fVj,
•
1943
1944
"
ry.
12,922,153
income—_
2,737,676
;i *. (' ■>!'
income.
oper.
162,
p.
21,742,514
per
com.
16l^P-
$164,358
$746,078
■J
'
July—
Gross
1945
•
V'-C'
1944
■
1942
1943
from
Net
ry.
railway.—_ $20,429,506 $21,621,716 $20,336,963 $17,899,775
railway
6,547,231;
8,453,558
9,458,113
8,232,959
from
2,227,103
Income
oper.
ry.
155,986,130 150,836,179 141,006,688 107,775,42L
railway
railway
from
Net
-
-
-
'
—
—
n«\f>
A
r\
A t~\ '
ft
MA
k
61,181,230
61,122,430
66,821,935
43,743;?2Q
18,639,583
income-
oper.
2,769;75S
3,083,062
2,588,740
•••:J* •'
from
Net
19,154,700
20,431,348
20,749,391
Week End. Aug. 21
Period—
1945
$1.72
$1.46
share,
Canada Power
$284,495
109,079
and maint.—
and
1945—10 Mos.—1944
$268,064
$2,974,435
$2,694,008
99,339
1,004,227
954,786
58,770
55,308
753,042
581,163
119,498
divs.—
Gross
—V.
162.
-
—
♦Surplus,—V. 162, p. 502,
j
$
6.799,125 220.032.782 220.589.781
4.996,316
earnings
883.
P.
Southwestern Bell Telephone Co.
117,145
1,203,543
1,184,649
$2,852
$3,728
*$13,623
>
!,
Earnings—•
$"
37,197,745
22,830,667
99,011,811
9Q,603i855
taxes—
7,909,774
6,751,086
30,213,620
23,554,343
taxes————
3,104,462
2,874,931
11,144,447'
10,742,474
income—i—
4,905,256
19,470,874
19,275,455
Dr67,145
4,741,061
DrlOO.727
£>r439,220
Dr457,862
4,838,111
4,640,334
19,031,654
18,817,593
profits
excess
Other
oper.
Other
income
and
(net)—
income
Interest
deductions
661,041
income
Dividends
i
2,789,883
2,856,151
3,932,001
16,241,771
.15,961,442
4,117,500
——
708,333
4,177,070
-
4,117,500
15,555,000
,16,470,000
♦After deduction of excess
j\"
159,840,752 144,176,127
41,593,273
income
•Federal
Net
$26,590
V.
25,673,781
Operating revenues,,—
Operating .expenses
Net
_
1945t12 Mos—194* .Y
$
$
*"V.
1945—3 Mos.-=7l944
Period End. June 30—
profits tax credit of 10%.—V. 162, p. 883.
I..
A
A.A '.V' ■
Southwestern Electric Service Co.—Securities Offered
of
issue
$1,550,000 first mortgage bonds,
offered Aug. 29 by Kidder, Peabody
& Co.
The bonds are priced at 1021/4 and interest from
May 1, 1945. The Milwaukee Co. also on Aug. 29 offered
10,150 shares of 4.40% cumulative preferred stock (par
$100) .at $103 per share and dividend.
series due 1975, was
on Aug. 24 received the following bids for $1,500,000 yof
Maj»l, 1975: Kidder, Peabody & Co., 101.V47
Rauscher, Pierce & Co., Inc. (Dallas/Texas), 102.0899 for
3'As; The Milwaukee Company, 100.66 for 3J/4S.
The company also
received
the following bids
for $1,015,000 of preferred - stock: The
Milwaukee
Co.,
100.77 for 4.40%; Rauscher, Pierce & Co.,
Inc.,
Company
first mortgage bonds due
3Vbs;
for 4.80%.
100.2699
per
to
Common
to
Stock
-
"V<./'
A
common stock of South¬
Aug. 13,
transferable war¬
shares of common stock at $9.50
of
the
record
of
161,180
the
to
holders
Co.
Service
subscribe
to
rants
issued
has
Public
^
•.
Rights
Subscription
share, up to and including 3 p.m. (CWT) on Aug. 30, 1945.
Such
entitle
holders of common
stock of Southwestern Public
warrants
Co.
Service
of
shares
to
purchase
stock
common
share of common
Southwestern held.
one
of
stock for each four
In order to exercise
warrants,
holders thereof must
deliver them to Boatmen's
National Bank of St. Louis prior to 3 p.m. (CWT) Aug. 30, 1945..
such
1,
1945, due May 1,
and
int. payable at
dated May
Bonds
and
1.
Nov.
Prin.
Bank of Dallas
1975.
Interest payable May'.!
the office of Republic National
(Texas), trustee, in such coin or currency
of theU. S. of
is legal tender for the payment bf
America as at the time of payment
private debts.
Coupon bonds in denomination of $1,000,
registerable as to principal only. Bonds subject to redemption at loS.fy
if redeemed prior to April 30, 1946, and thereafter at prices declining
and
gradually each year to the principal amount at maturity May 1, 1957.
Transfer agent for the 10,150 shares 4.40%
cumulative preferred
stock is Mercantile National Bank at Dallas, Texas.. Preferred stock
entitled,
before any
when and
Nov. x,
XNOV. 1,
dividends,
and
ano
1
X
dividends on the common stock, to cumulat'ive
declared, payable quarterly on Feb. 1, May I,
from Aug. 1, 1945.
stock
uuiu
as
cumulative
Uuuiuiituvc
of the company at $107 per sharp
tins Der share there¬
together in each case
...
transfer
The
cantile
agent for the
National
Bank
....
.
..
.......
..
161,180 /Shares of common
Texas.
stock is MeiTr
at Dallas,
1945 In Texas. Com¬
Service Co. electric
in the East Central
acquire from
portion-of the State of Texas, It will also concurrently
the company ice properties serving certain communities in these groups;
nrnnprf.ies consist of facilities for the production, transmisThe electric properties consist v.
-sion and distribution of electric energy and the ice properties com¬
",1
prise facilities
for the
manufacturing and sale of ice.:
*0
to concurrently acquire from the com¬
related or applicable to the. two groups of
properties, including current assets other than cash, and will assume
certain liabilities, including current and accrued liabilities' and conIn
pany
Deficit^——a
21 a,
1944
1945
Company—Company was incorporated April 14,
pany
is to acquire from Southwestern Public
properties serving two groups of communities
Co., LtdL- -Earnings—
1945—Month—'1944
___———,
depr.
Jan. 1 to Aug.
1944
$
Dr $111,347
$0.43
earnings——
Operating
Int.,
35,215,789.
Southern Ry.-—Earnings—
after,
2666.
Southern
Taxes
70,969', 776
37,700,951
23,074,955
subject to redemption at the option
eemed on or before De~
$0.43
Period End. July 31—
Gross
190,909,185
883.
date..
—V.
1942-
,
$41,569,162 $32,052,222
13,755,111
15,995,822
13,405,306'
6,252,365
3,523,217
4,472,991
5,023,411
$9,685,153
$186,342
Balance
Earns,
interest
accrued
and
$42,565,084 $42,185,909
4,773,089
$2,614,341 $10,543,868
1,256,355
5,024,679
1,193,623
4,773,111
$2,636,397
dividends
dividends
■
Besides the $64,500,000 of 2%% debentures
outstanding, the company,
of Dee.
31, 1944, had an additional $50,000,000 of 25-year 37' jSink>
$3,617/087 $14,608,348 $14,050,428
197,397 ;
736,146
533,876
a
for various
.
'as
from
.
and provides
years
—
deductions
Net income
v;
the
Is
Net
Aug.
Socony-Vacuum Oil Co., Inc.—Calls 2%% Debentures
-Secures Large Bank Loan—
;
credit
revenue.
income
& other
Preferred
The bank
'
$3,593,815
240,297
$3,834,112
revenue
Net .non-oper,
Gross
of
than 98%
railway..— 291,464,128 287,041,974 267,389,049
railway—
88,260,739
89,733,019 108,070,666
from
public
acquisition
j
158, p. 2475.
;
/:
railway-
oner,
western
Admin,
Setay Co., Inc. (N. Y.)—Proposed Merger—
Industries, Inc., above.—V.
•
price of less
a
railway
Company
Southern California Edison
3,759,571
52.
Pacific Co.
Issuthe Inter¬
All bids must be addressed to J. A. Simpson, Treasurer,
RR., Suite 2117, 165 Broadway, New York 6. N, Y.
,
Federal taxes on income
Service Co.—Plan Filed
Utility Holding Company Act.—V. 162,
issue $25,000,000
to
proposes
the Southern
to
subject to he approval of
from
Gross
for
134,000
The SEC will hold a
hearing on Sept. 13 on a recapitalization plan
filed by the; committee for
preferred stockholders. The plan is devised
enable
Scranton-Spring Brook, Pennsylvania Water Service Co, and
Federal Water & Gas
Corp. to comply with Section 11 (B) (2) of the
All
ry.
—An
c 100,163
taxes
,
109,125
$1,976,764
9,983
$1,939,551
—_
790,695.
1,751,711
26,997
to
See Consolidated Film
from
Net
10,158,971
10,702,753
434,009
10,675
tax
income
Post-war
3,720,671
<
Other
public
are
1945
from
1945—12 Mos.—1944
$5,372,991 $20,509,866 $21,213,629
$1,928,877
profits tax_
excess
State
,
161, p. 146.
Net
State
200,409
directors—
approximately
Scranton-Spring Brook Water
hand,
cn
Commercial expense
•>:~
certain
bank
bonds
stating
Pacific
From Jan.-1—
$1,228,269; accrued Federal and
214,550
deductions
income
Transmission
at-
share——
loans from
income
Gross
Total
$30
stock
conv.
expenses
169,447
441,679
28,660
revenue
income _•
Production
div.
div.
bid
No
Gross
pur¬
$1,255,020
$2
\■: f
time ion
war
Commission.
accepted.
•
•
Period End."June 30—
preferred
eastern
„
2,652,591'
Federal
under¬
'
________
2)
be
preferred stock of the Eastern
follows:
as
per share
% 6,073 shares preferred
•f
(after
mainte-
oper.
(Eastern
approximately $5,349,000
for the expenses of the financing, and the
$2,500
by the parent company from the sale of
common
warrants
writers.
(1)
warrants
to
cash
1945—3 Mos.—1944
expense
Income
deben¬
preferred, stock will be $105,000, aggregating in all
$255,000.
Purpose—From the issue and sale of $3,000,000 of
debentures and
70,000 shares of preferred stock to the
underwriters, of 40,000 shares
of its common stock to selected
employees, and of 27,978 shares of
Its common
stock
to
the holders of the
outstanding common stock
purchase
:
Depreciation
expense—
Oper./taxes & licenses.
Operating rents (net)
reouirements
the
on
nance
$395,161
the
on
dividend
Bonds—
on
noon
be submitted for one, two or all three series of the bonds,
will be accepted unless bids are accepted for all of, the
bids
Net
June 30, 1945
and
prepaid
$5,221,253
revenue-
&
$956,551
will
banks
in
payable,
oper.
313,756
tures
these
July—
taxes,
oper.
$892,249
income—
$2.54
$440,291;
progress,
Total
319,991
should
1,000,000
$1.82
Period End. June 30—
provisions—
It
of
Commerce
no
Southern
$1,795,686
1,000,000
deposits
Total
$1,048,428
Net
$1,020,221
$1.70
Southeastern Grayhound Lines (& Subs.)—Earnings—
1942
•
277,167
Net before
Tax
$906,912
1,000,000
$2.12
x
$847,199; other taxes accrued. $348;236; miscellaneous
$54,202; customers' deposits, $21,650; annuities and. claims
due within one year, $99,426; -annuities and claims due1 after one year,
$774,276; reserves for replacement of depleted inventories of crude oil
and
other
contingencies arising from the war; $1,335,085; reserves
for future supplemental compensation of employees other than man¬
agement directors, $264,668; reserve for self-insurance, workmen's com¬
pensation, $50,000; other reserves, $62,413; deferred credits, $26,334;
capital stock (par $25), $25,000,000; surplus, $12,075,219; capital stock
in treasury, at cost (97,625 shares), Dr$4,533,904; total, $37,653,071.—
$863,396
interest-
12
to
up
addition, the company
In
,
sale
Total
1943
>
bids
V. 161, p. 1469.
■
.
inviting
is
accruals,
the
105.—
as
income
1,425,260
paid—
state
750,000
$1,191,705
902,375
...
stock outstdg.
share
in
1,398,789
before
800,000
per
Liabilities—Accounts
,1,457,921
Net
800,000
Government and State Government securities including
S.
1,240,584
Interest
847,377
security for taxes and claims, at cost or amortized cost
($8,382,436
at market quotations),
$8,226,153;
accounts receivable,
$1,338,417; inventories, $2,144,054; other receivables, $278,514; invest¬
ments (net), $6,016,351; fixed assets (after reserves for depreciation,
depletion and amortization of $97,141,909), $13,702,080; construction
per
shares
of
proeeeds
The
and $8,000,000 of 3>/4%'
$2,545,686
721,900
cap.
pledged
$27,414,654 $21,694,468 $16,212,496
Gross -income—2,230,563
2,746,795
2,509,200
2,696,398
Prov. for credit losses126,583
240,446 i
218,252
314,587
expenses/.———
T~
736,559
$1,820,221
work
$1.50
National
ft Mos. End.> -—Years Ended
May 31/45
$22,883,546
loans
1206,900
$1,706,912
$597,719; total, $37,653,071.
Savings
America
Summary of Earnings
of
1440,300
Assets—Demand
U.
Guaranty Trust Co.,
&
common
of
$3,393,063
$2,556,780
$1,913,605
taxes
*70.000 shs.
of
rate
Bank
are
National. Trust
pavings Association, Los Angeles, Calif.
Volumo
and
com¬
.
Security
Calif.
National
preferred
$1,913,812
Consolidated Balance Sheet,
registrar is The Chase National Bank of the
agents for the
and
the
at
1.
Sept.
1966,
1,
Both issues will be called at
1968,
1
bond's, which will be sold
Net
594,911 shs.
t2,000,000 shs.
;
dividends
quarterly.
tOf which 95,000
the exercise of warrants.
issuance upon
hattan Company and the
of New York.
'
-
Other
$3,176,605
216,458
$2,780,474
Dr223,694
INo provision necessary for Federal excess profits tax.
$3,000,000
400.000 shs.
„_
—
cumulative
City
New
^
par)
$1)—
entitled to
transfer
The
13,274,934
13.586,646
in-
Stale
profit
Earnings
Outstanding
$6,000,000
_
„
pfd.
The
140,762
$2,353,904
Surplus
Shs.
*
10-year sinking fund subordinated
share
$1,773,051
Dividends
97,606
authorized
aggregate of 70,000 are to be attached to the preferred stock
25,000 are to be sold to the preferred stock underwriters.
y
After giving effect to the above changes, capitalization of the
pany will be as follows:
Cum.
12.187,425
outstanding
(e)
'■
and
Net
be offered by the
company; (d)
sale of $3,000,000 5% 10-year
sinking fund subordinated
authorized the issue and sale of 70,000 shares of
A cumulative preferred
stock, and (f) authorized the creation
issue of 95,000 common stock
purchase warrants, of which an
an
1996.
D
and
ance
—-v.
1942
1943
Brl26,242
income
Federal
the issue and
^debentures;
of
1944
$2,480,146
Total
ex¬
of
April
From Jan. 1—
sale of
and
of
as
1, the- company's outstanding $16,000,*'
on
$13,960,476 $16,367> 120 $16,451,539
11.911.344
taxes,
Other inc., less other exp.
come
has
company
balance
authorized
1,
series
—V.
the
stock
common
redeemed
its class A stock;
1945,
Jan.
.
Gross
vehicles.
motor
on
due
Southern Pacific Co.—Earnings—
deprec.;
etc..
expenses,
depletion,
issued
be
Oct.
on
April
on
company
will be
loans,
term
Capitalization—Since May
changed 4,872 shares of its
series
1945
sales ..—$14,391,490
Net
due
Bids may
South Penn Oil Co.—Earnings—
sales contracts purchased
during the year was
maturity, approximately 10 months.
Approximately
transactions were unsecured, 32% were secured
by chattel
conditional sales or other title retention contracts on
all
A
owned
the
„
class
by 1,466 share¬
of Signode stock has Increased by 73%
were
average
mortgages,
Shares
i
—
and the 342,727 shares of com¬
1945,
(Including Wholly-Owned Subsidiary, South Penn Natural Gas Co.)
com¬
number
redeem,
debentures
162, p. 818.
but
purchase of retail term sales contracts
«jfrom furniture and automobile dealers.
The average size of all of the
loans
3V4%
series,
panies
volume
_
during the last six.months.—V. 162, p. 882.
years
*
outstanding on July 20,
The number of owners
holders.
among
Company was organized in December, 1943, for the purpose of acquir¬
ing control of Seaboard Finance Corp. and Seaboard Finance Co.
of
stock
mon
business, making small loans to individual borrowers,
and
urchasing retail term sales contracts originating with furniture stores
automobile
„—_x
The 54,000 shares of preferred stock
in the personal
engaged
are
finance
and
—...
125
1,000
50,000
_
—
'
■
issue-is
new
11, 1945, for the purchase of $125,000,000 first mortgage bonds.
The bonds, all to be dated July 1, 1945, would be divided into $25,v
000,000 series A bonds, maturing Jan. 1, 1961; $50,000,000 series B
bonds, maturing Jan. 1, 1986, and $50,000,000 series C bonds, maturing
50.000
$L P. Wood & Co.————•
The
Sept.
1,050,924
2,723,259
1,210,578
.
Capital stock and surplus.—
50,000
—
be
The
888,000
82,500 i v
_
'
Sidlo,
083.
p.
Co.—To Sell Bonds
Commission.
Southern Pacific RR.—Asks Bids
.
liabilities
Current
25,000
Inc.——•—
—
162,
$7,931,418
———
—
to
will
debentures
used
000 of
—$9,967,969
assets
Total
500
50,000
——
new
1,075,359
debentures
4,000
150,000
McAlister, Smith & Pate, Inc._—x—
Peabody, Tyner & Co., Inc
Co.,
The
$5,001,123
—V.
100,000
lirchofer & Arnold, Inc..—i
Loewi & Co
&
_
assets
Other
r-
——«
$6,570,662
1,224,274
assets
Current
Fixed
■
75,000
Johnson, Lane, Space & Co. Inc.
J
Pitman
'—-
25.000
—
!
Lunt
V-—
.
:
June 30,'45 Dec. 31, *44
Assets—
-
——
—
—————.
above.—V.
Co.
being sold privately to insurance companies and banks'
through Chas; W. Scranton & Co. of New Haven,
•
Goodwyn & Olds
tirimm & Co
'
Co.—Acquisition—
Gas
&
necticut Public Utilities
of all $30 par Preference Stock)
■
Electric
Southern New England Telephone
$319,151
$1.36
pfd. share bef. special res
com., share bef. special res
Consolidated
Privately — Allerton F. Books, President, announced
Aug. 17 plans for a $25,000,000 refunding issue of 2%%
35-year debentures, subject to the approval of the C0117.
VCondensed Comparative Balance Sheet
—■ ••
100,000
$532,338
,';r; $9.86
special reserves
Earnings before
1,000
125,000
•
a
1,214,557
__w_
100,000
-
Edwards
First
W.
&
.
"
Co
Crowell, Weedon & Co.——'
Doolittle, Schoellkopf & Co.————'
Durand
/
year,
1944
1945
$9,052,990
1,919,242
'
Cohu
the
for
compared
as
Southern Natural Gas
>
Sales
125
1.000
50,000
:
Months Ended June 30—
a
and operating revenues—
6
313
.
25,000
—
Co—
2,058,000
Output—
week ended Aug. 25, 1945,
with
2,121,000 kwh. for the
decrease of 3.0%.—V. 162, p. 883.
output of this company
kwh.,
corresponding week last
Signode Steel Strapping Co.—Earnings-
"~
2,500
Co.—_____
<Sz
totaled
10,810
■'
Bradford & Co.—I,——
P.
tion
{
8,000
——
Brashears
C.
No. of
;.
Electric
advances from
Warrants
Pfd.
Debentures
Van
J.
debt
and
1
Southern Colorado Power Co.—Weekly
debentures due July 1, 1964.
The remainder of its funded
comprised, at that time, two small items of purchase obligations
agencies of the U. S. Government under construc¬
contracts.—V. 162, p. 502.
' "
'
fund
lng
and warrants to
stock
preferred
follows:
as
addition,
the company is
certain other assets
I
f..
'SMsmssm
Standard Steel Spring
construction, applicable to such
advances for
and
deposits
,'pumers'
groups.
Consolidated net
table shows the net proceeds to be received
by the company from the sale of the securities to be issued by it.
First mortgage bonds, 3Va %
series due 1975—
^'aoo'dig
4.40cumulative preferred stock
——
—
, l,uzz,tut>
Purpose—The following
stock
jCommon
proceeds—!
Total net
:•
adjustments
!
post-war
Earnings
per
Period End. June
$924,829
$613,289
$1,231,121
$0.42
int.
$0.94
follows:
■■
V• (i) $4 061,804 will be paid in cash, to Southwestern Public Service
Co. in full payment of the purchase price of the properties; and
12) The remainder of such net proceeds, amounting to $60,000 will
be retained by the company as its initial cash working capital.
Proceeds of the common stock are based on subscription for all
of the
161,180 shares of common stock at $9.50 per share and will
of
$4,032,384 for estimated taxes on and statutory renegotiation refund
income and $295,786 for contingencies and post-war adjustments.—
V.
162,
609,
p.
x-:x
X,.r7
Staten Island Rapid Transit Ry.
extent that any shares are not so subscribed for
.and purchased by
the underwriter of the common stock, but any
such
increase
will increase accordingly the amount to be paid as
the purchase price of the properties to be acquired by the company.
to the
increased
be
Capital
and
Debt
Funded
Net
Outstanding
Authorized
Net
ry.
—V.
Feb.28,'45
1944
deductions—
$539,227
329,118
$1,083,752
667,335
retirements—
78,327
42,973
69,620
$959,238
602,153
76,264
82,869
37,609
74,648
rev.
Prov.
for
Prov.
for
taxes—,
Fed.
v
$129,526
(net)
1,208
1,439 '
Dr.
27,116
3,366,708
3,113,880
2,369,653
1,320,907
1,290,663
1.417,874.
1,059,555
645,084
301,114
,
Gross
Net
Div.
*
•
54,175
$128,651
27,361
$221,871
$101,290
$276,046
deductions
Other
income
$270,941
53,396
Earnings per com. share
all
-
>"
''v
/
'•
'
V.
B.
Charles
22,330
44,660
44,660
$78,960
$172,885
$130,216
accrued
and
$0.53
Underwriter of bonds:
(2)
Underwriter of preferred stock:
sold
Lee
to
Operating
expenses
r
!v
X- 6 Mos. End. June 30—
'Profit after tax provs._
Net
818.
I
502,127
71,575
69,362
854,064
838,503
70,000
83,333
933,333
1,000,000
$481,200
$280,955
4,440
$4,946,612
52,676
$3,341,527
4,578
$485,778
$285,395
$3,381,647
280,165
153,456
$4,999,288
2,929,926
—.___
X
i
revenues-
oper.
(net)
income
$14,582,200 $13,282,651
5,693,440
6,270,437
2,409,181
1,577,754
$1,205,908
income
etc.,, charges-
Divs.
*$537,697
*$13,334 *$1,759,159
—V. 162,
railway—
from
375,678
ry.
1944
$174,536
$155,327
54,467
61,309
95,104
20,329
23,143
27,660
of
65,920.;,
! $173,675
Net
Net
1
oper.
ry.
754,688
1,223,091
383,714
603,094
323,563
138,544
194,270
179,983
railway
from
1,206,613
1,330.700
•,'X 546,066
income.— ,,..166,424
railway
from
Gross
^
.
.
filed
V. 162,-p. .609.
a
stock is to be filed by amendment.
the
would receive the proceeds from the sale of 16 259
of
the
preferred shares, which are authorized but unissued, while
certain stockholders of the company would receive the proceeds from
the remaining 8,741 preferred and 150,000 common shares.
The company proposes to add its share of the proceeds to its general
fund,—V. 145, p. 783.
,
,
The
From Jan. 1—
1
company
.
'
Liquidate—
Water Power Co. on account of $1,942,000 of Spokane
first and general mortgage bonds held by Washington.
Spokane sold
all of its urban transportation properties to Spokane City Lines, Inc.,
and plans to liquidate and go
July 7 for a base price of $850,000
of business.—V. 115, p. 545.
-
on
out
r~
share
per
profit
Selling & advtg. exps.—
&
Admin.
exps,„_
gen.
1945
1942
1943
$7,274,936
979,415
1,064,368
1944
$5,486,804
969,116
1,014,165
deduction
—!
paid
Fed.
Interest
$3,503,523
$5,231,153
73,692
38,223
37,893
$3,533,465
Profit
Interest
Empl.
paid
retire, fund
Other
$3,577,215
104,579
$5,269,376
75,384
$6,174,434
629
for
125,000
x/'.
.
'
•
5,281,107
125,000
—
of
.
The,
*
3,913,191
2,546,607
•
:
.
dividends
Common
$920,854
$1,155,174
$767,322
421,484
421,360
421,360
421,360
39,750
40,000
43,625
47,500
...
dividends
Preferred
...
$268,028 in 1944, $268,595 in 1943, and
Federal income tax; $2,202,445 in 1945,
$2,439,564 in 1944, $3,894,356 In 1943, and $3,241,790 in 1942 for Fed¬
eral excess profits tax; $78,102 in
1945, $82,971 in 1944, $139,676 in
1943, and $101,870 im 1942 for State income tax; also $1,060,000 in
1942
as
a
reserve against possible
additional Federal taxes pending
completed legislation and in 1944 $243,956 and in 1943 $389,436 for
post-war refund of excess profits tax.
xv&?x':
""Includes
$265,448
in
$877,447
in
1945,
for normal
1942
-
Balance
:
Assets—Cash,
$4,154,559;
S.
savings notes,
series
C,
at cost and
$303,420; U. S. war bonds, for sale to employees,
trade
accounts
receivable
(alter
reserve
of
$178,884),
$3,650,628; claims arising from termination of war contracts, $93,619;
accrued
interest,
$32,588;
post-war refund of Federal excess profits tax (estimated), $1,179,217;
inventories, $9,125,165; investments and other assets, $105,858; prop¬
erty, plant, and equipment (net), $2,385,348; goodwill, $1; patents, $1;
charges, $244,507; total, $21,274,910.
deferred
Liabilities—Trade
for
gotiation
taxes
accounts
including
payable,
for
provisions
1944 and 1945, $3,966,838; payrolls and income
therefrom, $1,0)1,735; payroll taxes, $279,885; dividend
years
withheld
Federal and State taxes on income (estimated), $4,834,135; reserves for
adjustments, $250,000; reserve for post-war
rehabilitation of plants, $250,000; reserve for contingencies, $60,546;!
5%
cumulative
convertible preferred stock (par $100), $1,501,500;
common
stock (par $1). $421,857; capital surplus, $509,420; earned
and
war-time
total, $21,274,910—V. 162, p. 502,
$7,299,207;
(Surplus,
•
post-war
•
1945
6 Mos. End. June 30—
Gross
Deprec.
Fed.
1943
1942
$6,428,105
$7,160,756
1,906,326
369,526
*2,538,000
*3,828,000
$6,251,308
1,809,556
440,770
*3,226,770
$1,095,171
$1,056,904;. $774,212
taxes
(est.)..
to
surplus
$1,278,569
amortization
&
inc.
1944
$7,215,056
1,932,450
367,037
*3,637,000
earnings
Expenses
.
2,360,138
434,795
p.
1360.
.
,
.
profit
•Includes
For the
expenses,
excess
furniture and fixtures,
'
v
'
.!•;'.
Western RR.—Earnings—
1945
1944
1943
1942
railway—
$430,153
$464,317
226,238
272,966
income—
181,130
228,116
$353,955
188,837
161,504
$314,622
railway——
railway—_
2,978,003
1,552,215
1,244,506
3,151,104
1,845,000
1,486,392
2,755,608
railway.^.—
1,464,778
472,125
276,490
July—
from
Gross
from
ry.
oper.
•
Net
from
Net
ry.
—v.
oper.
162,
p.
income—
610.; x'V:yi:;x/
i
i
1
ire
f,
1,474,297
1,673,745
441,197
375.907
2,828,76.
V '' ' \
856,346
'
■
losses
for
amortization
sell.
and
Interest
bank
on
income
write-off
tories. ■'
-
! ':
'. "
50,083
234,123
•
56,759
$3,410,169
——
19,147,72
v--^' ■
$4,389,485
$6,957,950
$1.53
$2.37
$1.16
credit
of
:
Consolidated
.
;
284481
$8,450,11
$2^»
refund.
tProvision fc;
expendable tool and supply inven¬
post-war
and
excess
140,575
107,670
1,586,953
1,374,809
x,
..
:"
"!
Balance Sheet,
^.!v-x':'
June
;
1915
30,
clain^.'
$49,142,339; cash, subcontractors' termination
$122,698;
cash, employees' war savings bonds (contras'
cash, employees' Federal taxes ("contra), $2,421,860; U.
Treasury tax notes, $60,884,500;
accounts receivable, U. S. Govejfr:
ment, $19,283,860; other trade accounts receivable, $1,440,201; sundr
accounts
receivable,
advances, etc., $155,428;
inventories, including
Assets—Cash,
payments of $977,370 to subcontractors, but after deduct^
payments by U. S. Government on account of uncompleted contract;
(which payments are secured by lien on material acquired for de¬
allocated to performance of such contracts or upon a proportional'
progress
of
part
of
mass
any
property
with*which
such material
is con:
amounting
to $31,461,112), $54,563,526; investments anj|
$5,587,774; property and equipment (basic plants), $15!
emergency
plant facilities, $25,504,940); total, $40,797,09*;
for depreciation, amortization
and retirement, $28,228.648
mingled,
assets,
292,159;
reserves
$12,568,451; deferred
323,100.
charges, insurance, etc., $2,444,747; total, $2(p9!
. '
;t j
payable,
$24,098,443;
advances,
Navy,
suL)
claims (contra), $122,698; employees' funfU
(contra), $707,216; employees' Federal taxes with;
held
(contra), $2,421,860;
accrued wages, taxes, sales adjustmentj.
etc.,
$20,476,736; provision for Federal income and excess profit
taxes, $44,430,592; advances on sales contracts, $150,954; reserves fftif
transformation to post-war conditions, $34,149,154; reserve for wrltM
off of proportion of
excess expendable tool and supply inventorie!
$2,726,761;
5% cumulative preferred stock (par $100>, $25,886,50(]
common stock (par $5), $13,283,855; paid-in surplus, $9,895,904; earm!
surplus, $30,972,427; total. $209,323,100.—V. 161, p. 2376.
F
Liabilities—Accounts
termination
contractors'
bonds
savings
war
.x
......
Subsidiaries)
Transit Co. (& Subs.)—Earnings1945
taxes
Interest
on
income
funded
Miscellaneous
—
—.——
—
—1
_•
on
$1,902,915
$1,744,789
19,696
$1,920,694
$1,764,485
306,922
155,046
debt—
discount
5,728,689
17,779
._
income—
funded debt-
debits——
■>1944
$7,473,479
6,151,186
—
—
...
$8,054,102
——x————---
and
expenses
21,397
6,954
——„
2,156
7,286
—
1,252,319
964,189
$464,690
$504,218
•Revised.—V.
..t
'<■
161, pp. 2376 and 2666.
■
;
:
f 1.
for
inc. and excess profits taxes
post-war
adjustments
•After
the period (estimated)
post-war
United
The
of
'
'
J—
.
fv.
1,401,0(X
144,0W (
$271,801
iJL
$389,2<:
1944.4"
**
..
,
f-
1944
$1,934,2"
credit of $109,000 in 1945 and $144,000 in
V. 161, P. 2667.
Gas Corp.—Partial Redemption—
corporation has called for redemption on Oct.
first, mortgage and collateral trust bonds, 3%
;
j
1
.
1, next, $1,905
series due 196JV
through operation of the sinking fund, at 100 and interest.
Paymer"
will be made at the Guaranty Trust Co., corporate trustee, 140 Broac
York,
New
way,
N.
Y.—V.
161, p. 2794.
,
United Light & Rys. Co.—Hearing Sept. 25—
The SEC
filed
by
has set Sept. 25
the
company
for a hearing on an amended
.
|"
applicant
proposing the liquidation and dissolution of I'
Co., as previously ordered't%
V
subsidiary, American Light & Traction
the Commission.—V. 162, p. 610.
!|
United States Leather Co.—Stock Redemption—
All
per
of
the
outstanding
stock have been
10,290
shares
of 7%
cumulative prior
called for redemption on Oct. 1,
next,
at
pre
$I»
Payment will be made at the Bank#
Wall St., New York, N. Y.—V. 162 p $
share and accrued dividends.
Trust Co., transfer agent, 16
,
•
•f-i-....
!_
Federat taxes
Net profit for
000
revenue—
yr.
—
1944
1943
1942
$8,900,000 t$9,900,000 $3,800,000
per com.
$0.89
$0.98
$0.38
•After provision for taxes and possible renegotiation
adjustments,
tIncludes $4,850,000. profit on security transactions.—V, 162, p. 503.
Twin City Rapid
before
xr
1
1945
$1,484,801
1,104,000
109,000
June 30—
6 Months Ended
Provision
$11,700,000
share_
$1.17
profit
Gross
3
■
United Drill & Tool Corp.—Earnings—
.
1945
6 Mos. Ended June 30—
Earns,
Non-operating
j
,
$707,216;
•Prov. for est. Fed.
(Including Domestic
Operating
"
*> • "
*28.815.34
18,276,596
retirement
/
x..
15,018,167
loans
proportion
of
;! 'x " r
' ;■
7,731,808
share.
debt
•After
V'.X
Xvx
19,919,549
10,202,883
10,712,024
expenses-
income
prof, taxes—a.—u.
exc.
981,6C;
1,128,480
479,286
605,538
—_
devel.,
admin,
•Federal
X
and
deprec.
Engineering
642,46
1,100,65,
550,326
write-off—
for
tProv.
Prov.
?
&
rearrangement
retirement
Profit
auarter ended June 30,
662,374
conditions
post-war
Plant
erence
1945, gross earnings were $3,724,553;
$192,312; Federal income and excess
profit; $673,794.—V. 161, p. 2339.
421,444,09
359,192,74
to
transform,
for
v
Federal taxes on income——
$1,043,447; depreciation,
profits taxes, $1,815,000; net
i
'
Transainerica Corp.—Earnings—
•Net
I
242,19
1,276,08-
56,010
675,126
9,744
486,027
—_
of
Prov.
419,925,81
•
..
.
166.880,569 205,376,937 332,821,621
sales—143,267,376 172,652,463 283,952,196
Total
Cost
\
«r
10,397
-210,293
.
from
Gross
;•
1945—6 Mos.—1944
$ .
$ X f
From Jan. 1—
Operating income____„_.
profits taxes.
-V
i
,
<
foreign taxes
Other income ———
other
Toledo Peoria &
Amortization of
Net
$459,541; investments, at cost,
$11,881; accounts receivable, $1,373;
at nominal amount,
banks,
in
receivable,
$425;
6 Months Ended June 30—
Manufacturing Co. (& Subs.)—Earns.^—
■
bank, matures Sept. 13, 1945,
$2,637; Federal capital stock, State
for Federal income taxes, $67,508;
amount1 payable upon return of securities loaned to a broker, $90,000;
capital stock (65,883 shares no par),- $2,282,418; paid-in surplus, $1,141,209;
other capital surplus. $492,388; earned surplus, $267,455;
cost of ten shares of treasury stock, Dr$525; total, $4,848,543.—V. 161,
Operating
(A. E.> Staley
•«
accounts payable, etc.,
taxes, $5,453; reserve
city
rene¬
preferred stock, $18,769; accrued taxes and other expenses, $871,018;
on
>
Liabilities—Unsecured note payable to
and
Net
Sheet. June 30, 1945
U.
>
,
$1; total, $4,848,543.
Net
:
deposits
dividends
deposit,
travel
air
$500,000;
$922,870
profit
:
.
Sheet, June 30, 1945
XX'.
$4,375,322;
*1
(contra),
sale of securities for the six months ended June 30,
to $202,761; provision for Federal taxes, $50,595, leav¬
Income for the period (including $84,398, as above), $236,-
Assets—Demand
2,545,995
$102,422
$102,C66
profit on
ing the net
563.
1
State income taxes.._
Net
$89,693
1945 amounted
re¬
and
Wartime & post-war adj.
i
'
plants
Federal
for
$84,398
2,611
before profit
sales of secur.—
on
Balance
5,176
516
post-war
habilitation
♦Prov.
.1,484
1,006
4,082
60,000
deductions
Prov.
3,682
1,405
_—
for
Prov.
$6,136,541
$3,483,158
„
taxes—
$119,667
12,931
4,169
500
$100,358
—
843,509
50,307
Operating profit
10,873
$106,139
12,350
income
/
less
Earnings'per
1942
$128,123
13,159
7,542
5,000
1943
1944
*
1
•
166,384,798 204,645,801 331,900,931
Royalties and other income
from
licenses,
Net
for Six Months Ended June 30
Income: Statement
;Net inc.
Other income
1
appreciation of securities.
Expenses
$7,947,156
967,106
)
the capital stock as of June 30, 1945, valuing
$5,670,127, or approximately $86.07
the 65,873 shares of capital stock outstanding, before
such taxes as may be payable upon realization of the
on
for
\
aeronautical
of
and
Total
$5,493,438
1,059,820
950,460
30—
6 Mos. End. June
Gross
v!
securities at market quotations, was
1945
Square D Co.—Earnings—
"
'-V.' 'J>.
The net asset value of
/
■
•
*.
Stocks, Inc.—Semi-Annual Report
Tobacco and Allied
$900,000 payment to
has asked the SEC to approve a
company
Washington
,
''-V
.
Spokane United Railways Co.—To
The
With SEC—
registration statement with the SEC covering
25,000 shares of 4l/2% cumul. pref. stock, series A ($100 par), and
150,000 shares
($1 par) common stock.
Underwriters for the two
classes of stock will be Eastman, Dillon & Co.
Public offering price
!,.,.. 24,762.
' V
Subs.)—Earnings—
1945—3 Mos.—1944
$
$
Period. End. June 30—
prod., parts & serv.—
Company has
1942
*
>
r'i
X
,
.
$184,016
!
income—
oper.
.•••.,
Sales
1943
railway——
from
Net
mortgage.
the
-
$1,527,016
503.
p.
i
27 granted permission to
Aug.
on
of
visions
♦
1945
Net
SEC
1,854,631
375,678
Thrifty Drug Stores Co., Inc.—Registers
Spokane International RR.--Earnings—
Gross
40,120
$2,069,362
stock.
pfd.
to
$131,939
? $205,603
:i
a$>plic.
Approved—
the company, a wholly
•wned
subsidiary of United Gas Corp., to redeem for cash on iff,,
about
Sept.
25,
$1,000,000
6%
debentures due March 1,
1952
at par and
interest. Union has presently outstanding $40,000,000 oO'/v debentures all of which are owned by United.
The debenture
are pledged and held as collateral under the provisions of the mortgag
and deed of trust securing United's first mortgage bonds.- It is state^
that
United
has advised Union
that it proposes to transfer th
$1,000,000 to be paid to the trustee by Union to the sinking- fund a
a
credit against current requirements in accordance with
the pro
The
1945—12 Mos.—1944
X':'
July—
construction project1
purchases,
Union Producing Co.—Plan
Co.—Earnings—-
270,131
approp..
res.
Net income
1942
1943
•Loss.—V. 162, p. 717.
;
oil
for
other items
and
United Aircraft Corp. (&
1944
-$108,275
152, p. 276.
123,612
taxes
Gross
1945
Corp.
530,181
taxes
York.
(Spiegel, Inc. (& Subs.)—Earnings—
•
owed
supplies, or due employees for salaries and wages; taxe
collected for, but not yet due, Governmental agencies$13,850,824; dividend, declared, $1,166,567; interest, $345,750; amount
provided for income, property, and other taxes, including estimate^
taxes
payable on 1945 earnings to date, $4,333,234; provisions f.ot
possible fire losses, damage, etc., $3,589,328; funded debt, $52,60u,OOU
net worth, $151,914,111; total, $227,799,814.—V. 162, p. 290.
. ■ X; ; |
and
freight
f
$1,580,000
Higginson
$1,276,568
revenues-
Federal
Interest,
t
'» *
•
1945—Month—1944
Operating
Other
•Co., Inc., Dallas, Texas.—V. 162, p.
income
Loan Administrator, has an¬
first mortgage 4s at 102
The sale represented a
acting Federal
has
RFC
interest
stock: Rauscher, Pierce &
Underwriter of unsubscribed common
(3)
$4,622,407
$1.32
foreign
Terminal Ry. of Texas—RFC Sells Bonds—
the
Period End. July 31—
The Milwaukee Co., Milwaukee,
^xtxx'xX'!'
•
\ •>; >?•;•
••
x
■
t
.
^arketabie^securi
A!
Prop. ret.
Kidder, Peabody & Co., New
(1)
and
June 30, 1945
$18,601,079;
in banks,
others, including $7-210,409 ou•
for doubtful receivables, Si6,8bz,,.
164; inventories, $16,827,626; investments, and advances to others,
227,409;
properties, $168,174,582; taxes, insurance, and other it-m
paid in advance, $1,517,904; total, $227,799,814.
<
; j
Liabilities—Amounts
1
•.
Texas Electric Service
Other
Underwriters
Wis.
Balance Sheet,
$4,589,G50; amounts due from
from U. S. Government, less reserve
1945—6 Mos.—1944
Federal
for
provision
"
,
Henderson,
that
nounced
$174,876
44,660
stock
pfd.
on
the sum
that
believed
is
Assets—Cash on hand and
.
$5,563,702
$1.48
$1,854,834
$0.66
and
s
Texas City
53,434
$177,211
req.
Balance
_L——
profit
profit per share—
ties
162, p. 883.
taxes.—V.
•
charges
_____
$228,309
$217,545
,
41,010
900,00'
1,200,000
shitiGS
1945—3 Mos.—1944
$2,505,856
earnings
premium to the RFC of $31.600.—V.
income—-
-
755,537
: "
610,555
800,00?
•
200,000
$3,594,436 $1,776,633 $5,374 730... $3,302 3£
$0.77
$0.38
$1.15
$ •
provided for income taxes is adequaL
to cover those which will become payable on earnings^ to June 30, 19*No provision for excess profits taxes was required in 1944
and it is no
anticipated that any provision will be required in 1945.
tOn 4,666,27)
Net
tNet
•It
income...
609.
p.
•After
$229,031
722
$272,149
876
$277,485
income
Operating
Other income
155,723
period End. June 30—
51,789
Oper.
revenues—
64,000
108,465
—-—
800,000
taxes
income
638,3L
300,000
—:
Condensed
1943
$1,128,072
689,392
oper.
219,924
56,654
railway—
6,283,731
for
•Prov.
Sterling Drug, Inc. (& Subs.)—Earnings-
31
Feb. 28,'45
Total
$214,019
income.^.
oper,
162,
•Net
12 Mos. Ended Aug.
6 Mos. End.
$431,832
—
$493,951
197,746
railway
from
Net
Forma Earnings
12 Mos. End.
'
1942
railway
oper.
from
Gross
*
$1,550,000
17,000 shs.
10,150 shs.
228,000 shs.
161,180 shs.
■"Bonds may be issued in one or more series, subject to restrictions
to be contained in the indenture to be dated May 1,
1945, between
the company and Republic National Bank of Dallas, Texas, as trustee.
'
1943
From Jan. 1—
bonds, 3Va% ser. due 1975—
4.40% cum. preferred stock (par $100)
.Common stock (par $1)
—
—
of Pro
ry.
Stock
1st mortgage
Summary
from
Net
$10,678,167
tingencies
1944
railway——
from
Gross
-Earnings-
1945
$432,556
98,891
July—
.—»
remaining
745,508
$13,712,47:
$6,956,435 $18,669,274
8,710,27'
12,094,544
4,679,802
for war-time con-
Prov,
37,010.091
8,732,09"
•
319,155
372,758
depletion, &c._
Income
Deprec.,
46,443,565
8,982,564
18,284,844
4,529,712
25,273,984
4,621,442
opers,—
Sell., admin. & gen. exp.
Interest paid
Xfxf! ,xx
;U:xx:
transp.
•
V
and
producing,
and
$74,840,911 $60,092,971
$40,946,351 $30,090,146
cost of
manufac.,
205,33*
152,377
.n
123,310
83,425
J
income
Total
quarter ended June 30, 194&, equivalent to $0.30 per share of common
stock outstanding.
Such consolidated net profits are after provisions
of
on
Purchases
Company reported consolidated net profit of $442,975 for the second
pur-
on
and divs. and
investments—
chases,
6,282,975
,
share.,——$0.63
common
discounts
Cash
5,456,643
9,458,117
•
Mos.—1944
1945—6
1945 3 Mos.—1944
$74,648,534 $59,887,63:
$40,862,926 $29,966,836
30—
Sftles
and
_
Consolidated net profit
apply such proceeds As
will
Company
Income
taxes,
1943
$7,514,096
Calif.—Earnings-
of
Union Oil Co.
1944
$6,069,932
1945
profit—_a—_J
$10,382,946
and excess profits
'X;- ..
contingencies
$4,121,804
——
—
Federal
l,o.u,zi.u
—-—~
—
Co.—Earnings—
6 Months Ended June 30—
,
.
,
194?
Monday, September 3,
THE COMMERCIAL & FINANCIAL CHRONICLE
1030
1945
1944
1943
$5,780,399
$5,035,041
$6,648,245
1,310,203
6 Months Ended June 30—
Net
profits
operations——.—
and depletion——^
from
Depreciation
1,135,402
1,132,914
Net... profit
Other,
Total
profit
Federal
suit*
exp..'
earned
33,754,458
876,766
surplus-
transferred
Reserve
90,989
2,850,000
$2,170,266
32,469,105
$2,356,217
profitsv.—__—
Previous
126,999
1,857,000
$2,645,825
30,371,753
-
$3,225,800; capital surplus, $65,466;
$1,079,471; total, "$7,417,534.—V. 161, p. 2491. ;
stock
surplus'
J. Preferred
dividends
dividends
Common
.<!:■
The
bonds.
J-
273,777
1,196,772
1944
1945
Net
from
Net
ry.
W.
$8,239,547
$7,306,912
2,392,570
3.491,778
3,098,696
666,714
railway—
753,249
972,496
831,848
income—
oper.
1942
1943
$8,007,300
3,045,663
$7,593,012
railway—J*
from
Gross
the
for
M.
Cleveland
rate
«
.
.
purchase of the bonds will be
Duncan, Jr., Secretary, at
1848 Union
Bids
(in
14,
O., on
Cammt** Bab***#.
12 noon <EWT» Sept. SU
Th* i" , ******
of 1%) must be specified m th* few - ¥
before
or
multiple of
af
received at.
Va
924.
p.
From Jan. 1—
Balance,
Earnings
surplus
share
profits taxes.
,*Less refundable portion of excess
(short
securities
Canadian
taxes
$4,358,085;
income,
on
($20
parb
common
plan
600,000
4%
li\
30—
Cost
Spiling,
admin,
and
gen.
for
due July 1, 1960.
plan,; holders of preferred
shares
two
to
such
each
Net
from
$2,500,000 of
common
from
Net
ry.
will
offered
be
of
—V.
in
stock.
155,000
of
shares
to
June
$25
par pre¬
amounted
last,
30,
;
•
Total
exchange
the
of
Net
208,422
plus of $1,192,940 on the basis of the statement for the nine months
Other
ended
♦Appropriation
$749,826
$1,284,533
12,913
18,915
461,000
840,000
of
the
$475,139
$431,620
preferred
learnings per share—
—V.
162,
—
—
376,836
$1.12
376,836
$1.15*
<436,836
$1.09
,
.
approved
was
preferred stock.
See
also
by
V.
than
more
162,
76%
Account
Period End. June 30—
Int.,
vision
Federal
for
intangible
depletion,
depreciation,
income
Current
101,526
$3,582,175
219,140
131,467
273,789
269,481
$1,656,065
131,990
of
Assets—Cash, '$623,979;
U.
debt
1945
80,
June
$84,506;
inventories,
$98,510;
S4 Treasury tax notes, $45,000; total, $851,996.
bum.
Divs.
pfd.
Balance,
Net
bef. Fed. tax.
profit
after Fed,
inc & exc. profs, tax.
$3,741,634
'
'
1,731,100
1,858,552
1,833,945
2,064,175
161, p. 2490.
: 2,265,526
income
Net
Reduc.
of
4,354,570
for
2,770,738
5,509,876
Net
July—
Gross
from
403,950
644,346
Net ry.
railway....
income—
oper.
From Jan. 1—
from
Gross
Net
from
Net
ry.
—v.
162,
9,944
V
5,457,660
10,250,184
;
income...
611.
;1
;
•
on
,
32,404
27,991
fr,
fr.
:f'
;i" Period End. June 30—
822,199
812,123
737,572
158,362
162,984
income
72,211
94,021
Net
179,072
69,995
deducting
Operating
revenues
Operating
revenues
tax
1,654,350
18,336,229
13.974,536
318,370
3,502,970
2,704,283
233,436
310,440 .'
3,373,578
bef.
166,330
$6,824,479
3,999,689
Other
plant acqui¬
adjustments
57,764
556,638
•.■L-.i.l'.-
57,764
877,689
693,168
8,667,670
209,984
7,217,330
261,100
—
taxes-
income
taxes
299,048
3,759,657
$7,123,669 $17,976,589 $13,792,978
4,380,337
12-,440,496
8,690,316
$593,197
v
$741,798
$8,867',222
$6,366,672
Dr646
opeT. revenues.;.
(net).—i
$2,824,790
$2,743,332
$5,536,093
15,687
Z)r68,856
97,756
$592,550
$757,485
$8,798,365
$6,464,429
214,933
274,224
2,916,036
2,030,247
amortization
•Reduction
in
Fed.
taxes
$5,882,329
inc.,
850,576
272,198
$4,706,379
1,189,992
inc.
2,041,953
701,379
4,173,865
1,362,228
•
•.
44,251
:
$527,512
$475,128
dividend
♦Reduction
facilities
in
1,447,348
requirements...—■
Federal
income
taxes
resulting
from
amortization
of
facilities under the Internal Revenue
to be employed throughout their
'.normal life and not to replace existing facilities.—V. 162, p. 504.
■Code,
allowable
which
as
emergency
facilities
expected
are
$2,743,332
$5,536,093
705,237
other factory
and
in
facilities
$2,824,790
Federal
under
taxes
p.
income
on
2337. ;
■■
$1,535,858
1,159,773
$1,547,297
1,212,212
39,647
38,722
Western Light
Other
office
of
its
South
War
of
cer¬
Telephone Co., Inc.
: /.;:
-
Thompson
Johnston,
Poppenhusen,
&
the bids.—V.
$210,747
income
$296,362
139,099
...
$336,438
29,357
Total
income
Reserve
than
for
for
1
lescence
•Inventory
18,527
17,250
114,000
taxes..
and post-war
222,000
190,000
1945
1944
1943
1942
$467,727
$472,883
replacement
A!
20,000
12,213,
Crll, 046
reserve-
Cr2~6~101
173,442
42,121
180,870
48,414
242,165
income.—
173,007
82,625
3,262,299
1,230,196
331,297
3,084.016
oper.
Gross
Net
from
from
Net
3,097,316
977,742
270,094
income
oper.
ry.
—V.
railway
railway______
Income
,
-
-V"..
Gross
Statement
64,127
2,238,736
896,702
415,884
1,379,372
394,835
Dividend
-Divs.
•
—
paid
payable
Earnings
per
on
on
common
pref.
$138,851
$103,052.
stock—
96,774
96,774
48,387
45,668
45,668
45,668
common
$1.78
$2.63
stock
share._____
Condensed
Assets—Cash,
quotations,
Balance
$853,5i4;
$2,774,561),
—
$2.88
Sheet,
marketable
$2,329,008;
June
30,
(amount at market
receivable; $296,274; in-
securities
accounts
1945^
—
on
ft
-A*/#
ot
Jure
$*>*
wm
•«
sticky*
Jane $#
Earnings for Six Months Ended
market,
on
on-market,
$30,125
1,111
secur.
secur..
♦
TtMJ
IMS
1944
1945
190
Miscellaneous.
.■
$33,872
469
3J 2Urt
3.946
II
-
$31,426
$79
$34,342
11,465
'
Total;
Gen.
10,272
& admin, expenses
■
i
U fAh
'9.
ti-
:
securities
'■
•
'
Months
Six
for
V
■:
'
"
'
1
•:
1945
sales, less discounts and returns and allowances..—
$2,275,008
sales, &c._,
—-—1,476,930
expenses....—328,181
Selling, administrative and general
Other
profit
operations..
from
income
9.361
—
...
Total
net
Provision
Post-war
for
profit...^
income
refund
of
:—
and
profits
Net
profits taxes.
taxes
per
387,096
—.
Cr32,676
•_
,
ended June 30,<
Assets—Cash
on
hand
Sheet
and in
as
Wisconsin
State
—
$124,837
$0.97
—
)44
were
88c per share.
6,650
4.5M
Crl3,200
Cr23,150
C>3
$19,035
$21,059
flS
34,908
34,599
u
takes
to
of
sale
profit
on
securities——
income
Net
...
—
Balance
Treasury notes,
i
Sheet at June 30,
3d i v.#
**
—
„
Liabilities—Accounts payable, $130,137;
salaries and wages
accrued,
.1
'-*4
535;
on
hand and
Government
demand
securities.
prepaid expenses,
$394; total, $1,821,346,
358;
$31,268; accrued
stock ($1 par), $1.435.4«fe. m
totai, $1,821,346.—V. 161, P. 2378.
$868;
common
Mti
pi\I••-
$51,524;
$248,181; total, $3,065,413.
i
19*3
*
«1J3,19T. *********
* ".■•si
ceivable, $3,765; accounts receivable (due
M
t . *^
capital stock through brokers), $10,114, marketable mu.U-CR Mi «
Assets—Cash
liabilities,
accounts receivable (after reserves for bad debts, $50,213b
$455,356i inventories, $884,494; life insurance. $109,473; plant, property
and equipment (after reserves of $331,576), $814,594; prepaid expenses
and deferred charges, $20,212; post-war refund of excess profits taxes,
I
•
<
applic.
Liabilities—Accounts payable,
of June 30, 1945
bank, $481,579; U. S.
®A;I
income
Adjust, of income taxes
States
—
share
i,r*j
20.500
taxes
taxes-
$479,258
-<
profit
'Earnings for the six months
1,011
8,425
'f.t
$19 171
5,700
income
S
.
$24,070
deduction
capital stock
Dividends
——
excess
excess
...
$19,960
$469,897
——
-
—
income
Federal
Ending June 30, 1945
$19,171
$24,070
$19,960
Balance
Fed.
of
$107,761
income
Co.—Semi-Annual
1945,
162, p. 611.
Balance
Net
30,
From Jan. 1—
Earnings
83,532
...
...
debt retirement and post-war rmiits
1944 and $3,188 In 1943 —V. Ifel, p *$»».
$383,530
obso-
—i_—
reserve
15.000
10,000
8,000
16.509
income
reserve
Marketable sec.
$323,910
$365,793
It
.
statement.
Int.
$468,378
.
ry.
Earnings-
railway....
railway—
from
ill 603
profit on
Divs.
other
expenses..
Federal
Deferred 'miiint.
■
,
charges
taxes..—
Miscellaneous
Reserve
13.531
sale of securities of $94,696 was
period. - This sum, less a provision for estimated Uibt\
ferred directly to earned' surplus and doe# not appear to
Raymond,
27,548
$349,846
—
Govt,
in
162, p. 819.
from
Net
♦ri.UU
«| W7 ri
4.H" M
$603,754
.
Gross
$1.02* #44
the net asset value of th#
$4
The latter compares with a net asset value tf $UJ
June
of
Net
Street, Chicago 3, Illinois, up to 11 a.m. Central
Sept. 5, 1945.
The interest rate is to be specified in
Western Ry. of Alabama
pfi Mh
$1,036,542
Dec, 31, 1944, and represents aa irtrrtamr
Giving effect to dividend of 8c per share pud on
the appreciation realized in the net asset value of our
share or 14.60%.
Salle
on
(Mi*
(net)
deducting
reported
-Invitation for
..•/•^•:
,■
$1
$1,017,331
19,212
....
...
Wisconsin Investment
As
i' v".;
5;<
&
counsel,
La
Time
Net
if
<(■ i
419.257
—
revenues—
$28,900
1945,
Federal
the
by
issued
:
■.
in
Company is inviting bids for $6,200,000 first mortgage bonds, Series
A, due July 1, 1975,
Bids will be received by the company at the
Cost
.....
.
*;V #
$5,102,662
amortization
to
due
Certificates
Necessity
160,
Bids for Bonds—
1943
against sales, etc
Depreciation reserve..41,545
■
•7$, 94*
income——
Other
1944
$1,290,997
1,033,695
operations..
Charges
Profit
79 7 m
902,503
charges
Net
' '
'
Willson Products, Inc.—Earnings—
1945
Quarter Ended June 30—
.Sale
84.500
depreciation^..—»—
deductions...—.....
share..
)
Vulcan Detaining Co.—Earnings—
<
324,000
Interest
Total
■
—.
taxes....
operating revenues.^
Other
adjustment
Net
'
Balance
:'94 ?',4
!—
income
income.
3,839,283
1,263,379
special
July—
97,512
—.....
Preferred
'
incl.
♦Reduction
tain
$4,434,181
$6,732,905
$483,261
$377,616
i; Net income
4
Net
$5,102,662
2,119.553
Government.—V.
'
p
**.<$
704 951#
surtax
Non-operating
spe¬
adjustment
tax
11
Balance
&
5.86# .7*1
profits tax
Gross
2,868,428
"Other income
Interest
im
$9 ifei3*1
taxes
for
rw*
1945
...
and
excess
income
Provision
of
sition
i"
State
5,983,806 $17,636,729 $13,509,318
139,863
339,860
283,660
special
2,802,735
Depreciation '•'—
Net
$4,259,460 $47,200,497 $36,143,971
255,465
l<
544
660,659
351.900
than
normal
Federal
Cr4,146,214
—
$6,658,149
adjustment
income
Net
1,327,872
;
14 $*?;•?: 3
$4 04S,<m
and po»t-w»r
$9,556,651
6,215,755
expenses
other
Taxes
deducts..-
income, incl.
cial
Net
1945—12 Mos.—1944
1945—Month—1944
..w—*
Maintenance
Federal
retirement
debt
$409,820 in 1944 and $340,860 itt 1943.
1pm ventf
investment
in
transportation subsidiary,-~V. J60.
♦After
Co.—Earnings—
$3,285,475
Operating
Operation
Amort,
500,000
$4,236,269
income..—....—
Wisconsin Gas & Electric Co.—Earnings—
re-
♦Special tax adjustment
.
2.492,822
income—
gross
12 Months Ended June 30—
sale
Gross income
Total
tax
& Power
Virginia Electric
;
$7,229, Ml
2337.
10,568,300
Non-operating income—
,
,
VJ
1,133
1.354,021
revenues..
SvVj.
|.l
$112,576
,
.
16,803
6,269
787,205
139,686 <
92,974
railway—__
p.
$124,367
33,437
$85,006
$5 734 fell
,
railway....—•;
oper.
1942
1943
1944
U
$5,875,071
"i
f,
&n,Mm
3,1<L,808
1945,
776,798
5,582,910
income.
Operating income
1945
$121,785
.> 21,776
15,436
i
,
railway2-^-^w j;:
from
Net
<
.
3 68*
640.100
ipcome
♦After
in
5,474,252
512,448
properties.
transp.
I.S44 *40
3.610.200
operating revenues..
♦Federal
Utah Ry.—Earnings—
.
2,223.360
surtax
depreciation
Deductions^>from
4,531,395
2,759,722
: V
.
resulting
2.937.725
taxes-
taxes.
Non-operating
4,486,639
2,253,127 ;
—.
on
and
ft
jfi 1
,11 }U
15.243.359
and
Amort, of property acct.
taxes
16,554,817
(Appropriation
2,253,221
adjustments
1944
$34,943,142 $33.335.W
>,
profits taxes
excess
income
Provision
Subsidiaries
5,024,79p
;
(Company Only), 1$ Month*
Statement
revenues
normal
♦Federal
1945—12 Mos.—1944
2,259,539
f
$4,282,289
expenses.....
other than income
Taxes
other than Fed¬
•'//financings &
•
$410,019
$873,690
and
Company
J
2 Va m
am
500,000
T
Operating
revenues...; $31,154,636 $30,465,674 $61,778,287 $59,853,341
22,504,001
20,506,639
10.336,854
expenses
11,122,660
Operating
Fed.
Net
—-V.
414,806
V $81,304
of
Account
1945—6 Mos.—1944
depletion
May 2, '42
$5,117,807
$4,794,845
$4,317,175
prof.
414,806
267,403
•
$447,063
Income
Deprec.,retirem's
25 Weeks Ended
May 1, '43
Apr. 28, '45 Apr. 29, '44
>
Operating
2,268,729
>.y-;
207,403
—
surplus
Operating
Taxes,
26 Weeks Ended
Period—■
2,268,729
1,134,365
330 4* $
137,060
contingent losses on investment in tran*p«ruf«t *«b»vWI-.wrf,
Gross
eral
\J
1.134,365
stock
A
($7, cum.)—
: $3,093,554
$3,557,225
■'Z"-'
Stocks——
class
on
$1,423,072.
7%
and.
Maintenance
(& Subs.)—Earnings—
Universal Pictures Co., Inc.
6.%.
on
Period End. June 30—
Liabilities—$173,499.—V. 161, p.'2490.
•
Divs.
$1,788,831
3.41.0 hli
3,316,895
330,463
„
income—
Federal
income.
Consolidated
of
as
receivables,
Net
,
pfd. stk. of subs.
on
1945
$4,076,951
245,937
$2,044,822
charges—
divs.
deductions—.
State
<
,
Liabilities
and
Assets
<*
pro¬
depreciation,
for
■'.X.C'Y'-
1945—12 Mos.—1944
,
124,001
amort,
«:■# i'■>&
.
$8,566,698
—
*
;
(Company Alone)
costs and
for
provision
tAfter
taxes.
depletion, intangibles and all taxes.,
drilling
interest
Prov.
Net
1945—6 Mos.—1944
discount, etc
.
®Before
,
#? #7 J
$7,9« Ml
433.Ul
488,9116
outstanding
the
of
Net
504.
p.
■*'
(Including Its Wholly-Owned Subsidiary, Lost Hills Water Co.)
1945—6 Mos.—1944
1945—3 M03.—1944
; Period End. June 30
$337,705
$421,827
$156,604
$217,869
•Operating profit
:
122,004 :
163,180
tNet profit
50,323
91,294
v
185,860
185,860
Outstand. com. shares185,860
185,860
■;
$0.66 ;
$0.88
$0.27
$0.49
Earnings per share—
94* m. m
3.2.7
$8,077,712
-
income—
Gross
Income
Income
Expenses
Universal Consolidated Oil Co.—Earnings—
'! ^-.4 "t
4
37,802,210
Non-operating revenues-
♦For
Earns., divs., int., etc.—
719.
p.
plan
-
West Penn Electric Co.—Earnings—
'
Net
The
last.
30,
$423,928
Provision for Fed. taxes on income.
Capital shares outstanding..—..——
June
*
debentures,
306,983
-
-
18,997
—
t
$45,879,922 $43
—.
operating revenues—..
332,536
$955,136
income———j—,——
Gross
revenues
■
•
$1,550,000
k
Sub*.)
(&
1Q 45i
Operating expenses and taxes—
'v-'
-
Income charges—
^
1
_
12 Months Ended June 30—
$541,404
income
operating
3 35S MM»
»
720.
D.
under the plan would involve
designated as series A.
The exchange
also would require 310,000 shares of common stock, bringing to 690,000
shares the number of $5 par common shares outstanding.
Exchange of all the preferred stock would give the company a sur¬
'
$762,670
Income credits—192,466
•Net
162
Operating
dividends
accrued
12 3.30 fit
—
income
ex¬
debentures
share.
a
—
VY«f
2«!£#•«#
railway
railway.
oper.
Wisconsin Electric Power Co.
stock
principal amount
$10
outstanding
which
on
held
common
presently
arp
stock,
$6.37'/2
of
share
from
Gross
/
$951,997
714,229
exps
an
—
—
From Jan. 1—
involving an offer of debentures
outstanding preferred stock and
:"v:
djS,
„
„
income
oper.
it tfW.43
—— —
—
railway
<8,853.037
674.735
10,056,750
salesj-i^-^—
of
ry.
approved a
railway—.
$8,155,638
6,863,918
750,316
$11,533,649 $10,479,769
sales
Net
from
debentures,
ferred
^
23
Aug.
on
increase in the authorized
shares, and the authorization of
for
calls
Under- the
and
1943
1944
1945
3<M*i
from
Net
Inc.—Recapitalization Voted
meeting held
•'
1,000,000
to
change
''A A
special
a
dividends.
The
earned surplus,
at
Ry.—Earnings—
Wisconsin Central
July—
Gross
plan of recapitalization
stock in exchange for
management
accrued
-Earnings—
Chemicals, Inc.
U. S. Industrial
3 Months Ended June
5,155,933
stockholders
There
•
15,300,477
income
6.858,259
162, p. 504.
and
self-insurance,
common stock
for
reserve
preferred Stock ($100 par), $7,822,200;
$23,950,240; paid-in surplus, $5,831,447;
$35,516,152; total, $81,431,473.—V. 161, p. 2794.
7%
$232,610;'
41,616,068
23.315,083
5,324,654
Walt Disney Productions,
$1,769,390; dividends payable, $735,and miscellaneous taxes, $1,215,705; Federal and
accrued expenses
645;
54,665,727
21.854.273
5,622,468
oper,
The
payable,
Liabilities—Accounts
55,560,190
21,870,696
Net
$19,739,865; other government bonds, at cost, $591,279; Re¬
counts receivable (net), $6,567,280; inventories, $6,512,882; refundable
portion of excess profits taxes, $1,065,000; plant and equipment (net),
$31,807,856; deferred charges, $1,597,905; total, $81,431,473. /■;-- ■
.
57.505,213
1945
term).
1
from
Net ry.
,
railway.
railway—
from
Gross
Net
—V.
Government
S.
U.
$13,549,406;
Assets—Cash,
,
Sheet, June 30,
Balance
Consolidated
$31,547,029
$1.98
$35,516,152 $33,168,455
$1.74
$1.58
-
—
common
per
Wisconsin Public
Electric
Service Co.—"Weekly Output-for the wee# rrAtedf h-m
10 $36.000 fcwi f
i.4^»—V. li\ * t*
output of this corporation
kwh„ as compared with
corresponding week last year, an increase oi
totaled
10 993,000
imon
(Ucr.)
tuar.)
p*
E, now outstanding in the amount of $943,000 and §Vi»
$33,017,578
1,197,140
1,197,512
.v.
rvf
bonds, to be dated Sept. 1. 1945, will be ptWtHtat competitive bidding with the successful bidder
Interest.
The funds raised would be used to redeem H'e'v frroMfc.
bonds.
'
$36,987,441 $34,639,372
273,777
273,777
———-
f
Company has applied to the Interstate
authority to issue $6,000,000 of general and
for
Earnings—
July—
Total
-
Wheeling & Lake Erie RR.—$6,000,000 hsm
The
earned surplus,
(par $100),
Wabash RR.-
Co
excess
$3,065,413.—V. 161, p. 2491.
able, $94,055; reserve for income and excess profits taxes and other
governmental charges,
$411,461; reserve for contingencies and in
general, $530,918;
reserve
for wartime and post-war adjustments,
$123,901; inventory replacement reserve, $22,932; marketable securities
reserve,
$142,206;
preferred stock (par $100), $1,304,800; common
$5,586,814
26,454^
2,553,000
.
Canadian taxes on inc.
and
$4,154,265
$4,935,670
-
——
anti-trust
Federal
Net
—————-
$5,338,042
248,772
$3,899,640
254,626
$4,647,485
"288,185
——
income
taxes
income and
Federal
$2,998;
dividends pay¬
accruals, $416,525;
payable and
Liabilities—Accounts
—
5
accrued, $46,456; miac*ffwt*
profit# and S»at# mmwwui
ac¬
crued, •'$649,973; capital stock, $137,000; capital mtprm
#«;.!'? t v"
earned
surplus, $1,464,551; stock held in treaswry,
i.u'.4
miscellaneous
$34,685;
other investments, $180,746; plant and equipment
and obsolescence reserves of $3,259,807), $1,157,653;
processes and
intangible assets, including goodwill, $1,594,677;
deferred charges and prepaid expenses, $17,599; post-war excess profits
tax credit (est,), $23,901; total, $7,417,534.
ventories, $964,163;
(after depreciation
(& Subs.) —Earnings—
United States Gypsum Co.
J53J
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4417
Volume 162
■-~«r
THE COMMERCIAL & FINANCIAL
when
Per
Share
50c
40c
pfd. (quar.)
pfd. (accum.)
$1.12te
$1.50
$1.50
Payable
11-10
9-15
10-
Per
at MM
Same of Company
10031
JWttilkr* Corp.-Seagrams, common (quar.)
5v preferred (quar.)
Dim cup Co., common
Ci#*» A tquar. I
t- I
1
0-2#
9-15
tvowrkmur.
0-20
$1.75
I
Ml
$1.50
10-
1
t-i#
$1.50
!0-
1
»*l#
62 tec
10-
1
»*lft
Dominion
ft*54
$3
t$1.25
25C
62 Vic
Dairies.
75c
$1.12'/a
H
,
10-
$1.50
10-
1
)
15C
25c
t*m*r-ilarrl»
•*23
10-
1
t-IO
duPont
10-
I
0-
1
ln«tm Plastics
Duval Texas
75c
4
35c
62 tec
__
)
2
Bend
0*1#
9-28
0*1#
30c
(accum.)
9-29
9-29
0-15
20c
d.
,t.
9-lft
#*■21
30c
9-15
9*
10-15
0*
«
9-15
$1.75
75c
/
'ac.
#V*S
# v
9-1#
prior preferred
# i
1st
12-
1
ll-li
6%
pfd.
•-31
15c
0*
9-20
0-1$
F'tm National Watch Co
04 paso Natural Oas Co., common
20-
0*10
$3.50
1-2-48
13*20
30c
■j
|
1
9-14
ft
0*3
31
i
75c
9-15
•:
$1.25
9-15
0*20
20c
9-28
0*1.4
50c
9*12
9-
j
$1.25
0*12
'»*
1
X
25c
9-15
0-
ft
sitimon
r.)
t
30c
9-28
0-1#
50c
(interim)-
>n
s
9-25
9*1#
1
20*
3iv4c
75c
::
9-15
10-
1
$5.60
quar.)
1
5-1#
12-
1
II- *
9-
7
*"3t
9-12
#-31
87 tec
I
litial)
20c
53 Vec
i
30-
25c
2
5-29
9*11
75c
19-
1
#15
25c
quar.)
10-
1
9-15
7
75c
i
40c
:|::::::::::::
11
30-
1
0-15
9-
7
0-2#
9- 7
0-2#
9-10
0-13
9-21
ional
:i
ft*
I
(~Del~.)I-----
7
co)—
.)
~~6c
50c
•I
$$1.50
10-
1
t-t#
9-15
9-29
t-7i
12-31
12-3#
25c
9-15
7
60c
10-
1
J20c
10-
1
Ltd. (quar.)
|
t»-
I
S
#-15
Extra
9-
1
9-12
9-
1
9-10
8-20
1
9-20
$1.25
9-14
8-27
10-25
10-10
10-15
9-15
Hanna
20c
9-15
8-28
9-10
9-10
8-25
10-
1
9-15
10-
1
9-15
8-29
9-29
9-18
Hecla Mining Co.
8-
4
9-17
9-
1
60c
9-30
9-11
28c
9-15
9-
9-
5
1
40c
10-
9-21
56 Vic
10-
9-21
$3.50
10-
9-21
$1.25
10-
9-14
$1.37V2
10-
9-14
$1.50
10-
9-14
9-15
8-31
9-10
8-31
12-
1
11-16
10-15
10-
5
10-15
10-
5
10-
1
9-21
9-15
8-31
10-
1
9-17
9-20
8-22
Federal-Mogul Corp.
(quar.)
Fentoa United Cleaning & Dyeing,
30c
9-10
8-31
50c
9-10
50c
9-10
$1.75
10-15
9-
5
9-
5
10-10
25c
9-21
9-
5
15c
9-15
9-
5
15c
First
First
State
§-
Pit common* Stores.
0-10
fll.rttkote Co.,
7*
—
I#
Pawners
preferred
Corporation
9-11
1
9-15
9-
5
lc
9-15
9-15
75c
(quar.)
9-15
9-
5
Oil
$4.25 preferred
5%
preferred
\
Illinois
(quar.)
Telephone-Imperial Tobacco Co. of Canada, Ltd.—
60c
1st preferred (accum.)
Corp., 6te% pfd (accum.)Consolidated Copper
Institutional Securities, Ltd.—
Stock and Bond shares
(irreg.)
International Bronze Powders, com. (quar.)
6%
preferred
•-if
Florence Stove
50c
9-10
8-31
Food
Fair Stores
(quar.)
25c
9-15
8-25
Interstate
#2 50 preferred
Foofe-Burt Co.
(quar.)
62 tec
9-15
8-25
Investment
15c
9-15
9-
$25c
9-15
8-25
Iron
+25c
9-15
8-25
Irving
>a.)
0*1#
Foundation Co.
68 %c
:d
10- 1
13- 1
0*1#
9-15
•41
Fox (Peter) Brewing Co. (quar.)
#
Fox De Luxe Brewing Co. of Indiana (quar.)
Fox De Luxe Brewing Co. of Michigan (quar.)
Fuller Brush Co., 1% preferred
Fundamental Investors
30c
(quar.)__
$1.12V2
111.)
(quar.)
bb
1
$* 7
39-
1
9-
7
7
9-29
•-15
25b
nterim)
36c
9-15
•-2S*
93 %c
7
19-
1
9-25
•-1
40c
9-2#
«•
25c
10- 1
20c
r)
#
0-1#
!
■7
,
$1.75
iuar.)
I
1
f-15
19-
1
#15
20c
3-10
»-
I
62 Vic
ir.)
Cij
19-
$1.62 V2
9-10
•-
1
9-10
20c
$1.31 Va
••)
7
)
i
30-15
25c
9-25
933/4c
n
9-15
8-71
9-2$
t-
I
•;j
25C
A
(accum.)
;j
40c
56V4c
j
n
(quar.)—
j
25c
13-
1
9-15
10-
(quar.)
of Canada (qua*.)
5#
5*4%
CJemmer
Manufacturing Co.,
A
Class
Class
B
8-3*
I
•-14*
3-15
0*31*
I
Film
Corp.,
A
75c
37tec
•
13
•-
i
1
•-
7
9-14
ft-
3-15
1
15c
■{
—-
,7
9-10
25c
30-11
35c
).
(quar.)__
9-29
General Bronxe
133/4c
Corp.
common...
9-20
10-31
Extra
$1
0-29
I
•4#
75c
32-
1
11-20
30-
1
10-
.7
$1.75
12-2#
12-2#
;
25c
9-15
#-31
on
(quar.)_
35c
9-15
and class
Signal,
I
A
common
I
Reinsurance
Gleaner
Harvester
Glen* Falls
Goehel
(B,
I
(quar.)
Y.)
#-31
Gordon
Oil
,8-31
Gorham
9-
8
#-25
Union
Grant *W. T.i
-a)
75c
3-1-48
2* •
| ar.)
25c
9-10
#-31
15c
3-10
•-31
ftV
preferred
Jewel
9-18
8-14
9-29
8-14
9-
8
7-31
10-
1
9-12
9-29
8-31
Jones
&
Lamson
Jones
&
5%
preferred A
preferred B
5%
Joseph
Feiss
&
1
9- 1
9- 7
9-31
$1.50
11-15
11-
1
9-15
9-
5
9-15
9-
5
9-15
9-
9-29
8-30
9-29
9- 7
1
10-
10-
1
9-11
10-
1
9-11
9-27
9-15
99-
5
8*
9-24
12-1
11-10
9-10
9-15
10-
8-31
8-31
10-
8-31
10-
8-31
50c
9-10
8-20
9-29
9-15
25c
$1.06V!»
75c
10c
9-20
9- 6
31-
1
10-18
9-
7
8-25
9-15
8-31
50c
(quar.)
(quar.)
(irregular)
8
9- 4
10-
6
9- 1
1
9- 1
10-
1
9- 1
50c
(quar.)
9-
50c
$1.25
$1.85
(quar.)
common
9-
7
8-28
10-
9-15
9-15
8-31
8-30
20c
9-10
(quar.)
15c
9-15
(quar.)
15c
12-15
Vegetable Parchment Co.—
Kansas City Power & Light Co.—
$6 preferred (quar.)_____
Kayser (Julius) & Co. (increased)—
Kelsey-Hayes Wheel Co., class A iquar.)
Class B
(quar.)
$1.50
40c
Co.
of
Canada,
Copper
37tec
Extra
convertible
preferred
1
$1
Knudsen Creamery Co., common
~
9-14
8%
8-15
7Vo
$1.25
9-15
Kresge (S. S.) Co. (quar.)
Kroger Grocery & Baking Co.—
La France Industries 6%
Co. (N. Y.)
Works
(initial quar.)
9-15
8-31
Laclede-Christy Clay Products Co.
9-
Lake
1
9-21
9-10
8*20
Lamson
10-
40c
10-
1
10-
1
9-10
Landis
9-15
8-20
Lane
10c
15c
(Irreg.)-
Shore Mines, Ltd. (quar.)
Lamaque Gold Mines, Ltd. (interim)
40c
(quar.)
pfd.
$1.50
$1.75
9-15
35c
25c
1st preferred (quar.)—
2nd preferred '(quar.)
20c
1
5c
2 tec
50c
75c
(increased)—I"
25c
Rubber__
Extra
9-15
8-15
9-15
9-10
9-
7
$1.50
25c
$2.50
&
Sessions
preferred
Machine
Bryant,
Lane-Wells
common
(quar.)
Co., -
——
common
new common
Co.
(quar.)—
L__
(increased)
—
(quar.)
(initial)———
——.—r—
$1.50
25c
20c
*5c
25c
62tec
25c
25c
,
«5c
8-31
9-17
9-10
8-23
1
9-12
9-12
10-
1
25c
8-28'
8-31
1
1
(quar.)
9-
9-29
9-15
10-
10-
$6 non-cumulative preferred (quar.)
(D. Emil) Co.. Inc. (quar.)
50c
8
10-
20c
9-20
~
9-15
12tec
common.—.
Kinney Manufacturing Co., common
B.)
9-
37V'2c
Klein
(I.
8-3.1
$1.12te
(quar.)
Corp.
9-14
8-31
9-29
$2
'
King-Seeley
9-25
9-29
20c
.
(quar.)
common
Extra
4te % ..preferred
40c
4
1
$$1
25c
25c
(quar.)"
9-12
1
25c
__;
Kimberly-Clark Corp.,
9-18
9-
9-15
30c
,__
Kldde (Walter) & Co
Kilburn Mills ______*
|9-12
9-14
9-15
10-
*
County Land Co.—
Keystone Steel & Wire Co. (quar.)
5c
5
1
10-
Ltd
(quar.)
Kern
50c
9-15
37tec
.___
1
10-
9-
12- 5
25c
Kelvinator
Kennecott
5%
8-31
$1
$1.50
Common
Kleinert
9-
8-31
8-31
10-
(quar.)_.
1
8-14
8-31
10-
xltete,
(quar.)
com.
10-
1
8-20
xlVile
1
10-
9-1?'
9-15
Manufacturing & Supply Co.—
Common
(increased)
67o preferred (quart—
Joy Manufacturing; tquar.)__
5
25c
7-31
Joslvn
Kalamazoo
] [eat
9-15
9-10
9-24
10-15
(s-a)
Steel,
Co.
10-
$1.25
Machine
Laughlin
$4
9-12
Corp.
Johnson
9-20
12-20
9-29
17c
x$1.75
xl%%
;
Co., Inc., common
preferred (quar.)_
&
9-29
12-30
37tec
(quar.)
(quar.)__
Supply Co.,
Johnson
8-10
8-10
30c
37tec
(acCum.)
—
Tea
4V4%
9-10
9-10
10-15
(quar.)
Johns-Manville
9-25
8-20
$75c
(quar.)—
common
11-
~
Great American Indemnity
Co.
$1.25
~
common
Water
preferred
1
1
9-10
35c
—
preferred
(quar.)_
(quar.)
(quar.)
Great Lakex Engineering
$5
10-
9-29
40c
$1.25
(quar.)
(quar.)
9-15
Co
Co.,
9-
9-lp
(quar.)_
Inc.
9-15
B
Gorton-Pew Fisheries
Grand
pfd.
1
Manufacturing Co.
10* '«
Co
Service,
Public
Jamaica
$1.25
9-15
8-29
9-27
9-15
1
common
10-20
class
8
11-21
8-2?
10-
(quar.)
35C
1
9-15
8-22*
10-
(quar.).
Co., common
F.I
9- 1
S- 1
9-10
$1.50
(N.
$1.06 V*
50c
8-16
10-
30c
Co.
12-
1
9-12
9-11
$1.25
Corp
preferred tquar.)
Goodyear Tire & Rubber,
preferred
9-10*
1
50c
ft'*
#5
1
9-10
11-
20c
Corp
Insurance
12- 5
10-
9-15
Special
25c
Brewing Co.
Goodrich
10-
8-24
9-20
$1.50
1
$1.75
Jm.
on common
Railway
preferred (quar.)
General Refractories Co
Gillette Safety Razor, $5 preferred
*-20
1
50C
common
Georgia Power $5 preferred
(4%
preferred (quar.)
1#-
9-10
10-
50c
Corp.,
■«.—
.1
15
11-10
75c
•
•-
11-25
$1.25
General
•-
11-10
$1.25
common
•41
9-10
11-25
$1.75
1%
12*
9-
8-14
25c
(quar.)—
General Phoenix
A
1
9-12
9-15
30C
Genera! Outdoor Advertising 6% pfd. (quar.)
Class
1
25c
General Mills, Inc.—
General
9-15
25c
preferred
9-
20c
preferred B (s-a)
General Fireproofing Co.,
t%-
9-15
25c
«%
•- 5
50c
$1
nmon
!•
8-30
8-30
12-15
Common
(quar.)
Cigar Co., common (quar.)
General Finance Corp. 5% pfd. A (s-a)
f-ft
25c
<
9-24
9-24
9-10
1
10-
1
9-21
9-15
'
(quar.)
5
9-
1
$1
#5 preferred (quar.).
red
9-
9-15
9-11
10-
1
5*4 preferred (quar.)
General Motors Corp.,
7
5
1
11. i
10-
9-10
9-
10-
11-15
25c
9-1
10-
•-15
75c
1
1
1
$2
3-29
(quar.)_
10-
99-
itec
General Bottlers, Inc.—
55c convertible preferred
$1.75
fd.
9-12*
1
10c
0-1#
A
$
class
—
0-1#
9-15
9-29
9-29
10-
1
General Baking Co.—
«% preferred (quar )
0-29
$1.12Va
9-
9-20
25c
General
10-
9-15
9-15
68 %c
class B
Shoe, 6%
preferred A
4
9- 5
10-15
preference B> (quar.)
preference C (quar.)
preference D (quar.)
5%
9-
10-16
9-15
65c
Manufacturing
(John)
5%
25c
75c
7-29
j
r.|-
(quar.)__
........
General Aniline &
9-15
9-18
10-26
50c
prefererd
7%
1
8-31
10-15
Co
7%
10c
iisylord Container Corp., common
5'*% preferred (quar.)
12 Vic
.7
$$1.37
Oarrett Corporation
$2
■i
•5
30c
10-
9-10
50c
1
9-
8-28
30c
conv.
1
9-
9- 5
9-19
10-15
oif Canada, Ltd
5%
1
9-
$$1.25
Fireman
Jaeger Machine
9-15
$20c
(quar.)
preferred (quar.)
convertible
Jamaica
9*15
9-15
$1.50
Stores,
Foundation, Ltd.—
9-15
9-15
1
9-15
40c
+20c
Co
Textbook
9-29
12 tec
22c
6%
Co.
Department
1
10-
12 tec
$1.75
International
10-19
25c
10c
preferred
(quar.)
i
$35c
Company, class A
CJaif (Robert) 6* preferred (quar.)
tlatlneau Power Co., common (quar.)
$1.25
.
25c
Clabriel
(quar.)
1
class A—
B
Class
General Box Co. (quar.)
»• I
*s-
$1.50
Ford Motor Co. of Canada,
Foster Wheeler Corp.
9- 4
(quar.)_
(quar.)
Machinery
International Nickel Co.
t-i»
•-15
8-14
9-14
(quar.)—_____
Cigar
#-1#
•-14
9-14
I37tec
(quar.)
Harvester
1
•-15
9-
9-29
30c
$1.62Va
25c
conv.
International Paper,
I
9-15
Corp.—
Inspiration
International Salt
1
9-15
$1.25
Brownhoist
8-29
0
9- 5
9-14*
Industrial Acceptance Corp., 5% pfd. (quar.)
Industrial
(s-a)
9-
10- I
9-22
1
7te%
$1.25
preferred
9-12
10-
8-27
1
1
—
6%
I
20c
9-28
10-
10-
imperial Tobacco of Great Britain &
Ireland Amer. dep. rets, (interim)
Indianapolis Water, 5% preferred (quar.)__
(quar.)
9-15
15c
common—
9-11
10-
HOC
3
Common
$1
$2
.,
9-11
9-25
$1.75
Bell
15c
25c
3
■
8-31
$1.25
$1.25
(quar.)—
International
5
9-15
$50c
37tec
A
Power
Huttig Sash & Door Co.—
5% preferred (quar.)
17 tec
....
9-28
Bay Mining & Smelting (quar.)
Oil & Refining Co.
(quarj—
Hudson
Humble
10-1
i
9-11
10-15
62tec
90c
19-
9-15
9-25
(quar.)
Co. (quar.)
class
Lighting &
International
(quar.).
9-25
$1.06 V4
(quar.)
Houdaille-Hershey
Houston
10-
7 V2C
7
(quar.)
Corp.
(quar.)
Co.
6
25c
25c
class A
$1
$1.12 >/2
10-
Hooker Electrochemical—
90c
,
7
1
10-20
$25c
50c
(quar.)__
Internat'l Business Machcines Corp.
1
9-15
9-
30c
—
Paper of Canada
Hollingsworth & Whitney (quar.)—
Holt (Henry) & Co., Inc.—
8-17
11-20
8-25
1
$1.25
Light, common
Dauch
9-19
1
8-31
10-
15c
30c
9-10
12-
8-31
9-10
20c
—
Common
&
9-15
9-28
(Monthly)
(Monthly)
Electric
1
9-15
9-15
25c
Heywood-Wakefield Co. common (irreg.)___
Hibbard, Spencer, Bartlett & Co.—•
Hilo
10*
50c
—
:
Rubber
Hewitt
9-29
Ltd.—
(quar.)
8-31
$1.25
50c
25c
25c
—
Creamery Co. (quar.)
Co.
(quar.)
Hershey
common.,
preferred
9-15
37tec
'
(quar.)
Brewing Co
Hein-Werner Motor Parts Corp
$1.75
(quar.)„
9-20
9-15
(G.)
Heileman
40c
Society
1
^
—
—
—
Industrial Silica
Co.
Calif.)
Bank Stock Corp
7
10-
75c
$4
Hazeltine
9-20
Francisco,
)
9-
9-13
(quar.)
Co., $3 pfd.
8-31
10-
lirreg.)
4
9-
Ltd——————~*10c
Battery Co.,
8-31
75c
Fund
9-
1
25c
(quar.)
Harshaw Chemical Co., common (quar.);
9-12
35c
Insurance
9-22
15c
$1-25
$1.25
$1.75
preferred (quar.)
2nd preferred (quar.)
Harrisburg Gas 7% preferred
9-14
Federal Mining & Smelting
(quar;)
(quar.)
8-31
$1.50
25c
9-18
Perro Enamel Corp
*.9-13
35c
common
50c
1
—
4
9-25
10-
$1.12te
preferred (quar.)——--———-Haverty Furniture Cos., $1.50 pfd. (quar.)_
Hazel-Atlas
Glass
Co.
(quar.)—
10-
common
9-10
9-
1
25c
(quar.)
common
5%
Hartman Tobacco
$2.50
iquar.)
10-
15c
(quar.)
Co.,
A.)
(M.
Hart
Quarterly
Erderat Insurance
"San
preferred
4te%
5
12-18
B
Hammermill Paper Co.,
5
12-20
Extra
9-10
9-10
57c
common
(initial)
preferred
4%
1
$1.25
Class
Co.,
Watch
Hamilton
9-
9-18
Fireman's Fund
Co., $6
Power
9-
3c
(quar.)
8-30
10- 1
$1.50
$1.10
20c
preferred (quar.)__^
Gulf States Utilities Co. $4.40 prd. (quar.)—
Haloid Company.
(quar.)_
Gulf
9-
9-15
Financial Industrial
*
——
—
1
9-29
A
Extra
1
9-15
9-29
preferred
Group No. 1 Oil Corp.—
Oil Corporation (quar.)
10-
$1.25
J.
$1.25
Gulf
10-
37V2c
N.
2
2>jc
(quar.)
6% preferred (quar.)—
Harnischfeger
Corp.,
common
10c
of
10-
Harbison-Walker Refractories Co.—
9-29
10-
preferred (quar.)
i$ preferred (quar.)
Earmeri Is Traders Life Insurance (Syracuse,
$-19
1
9-15
25c
:
§5
9-H
10-
1
famiteei Metallurgical Corp.—
9-15
25c
10-
30c
Frnlmti Brewing Corp., 6% pfd. (s-a)
f anny Farmer Candy Shops (quar.)
Co.
$1-75
8-30
1
2
20c
25c
10-15
9-14
10c
15c
(Bait.1
4
$50
1
$1.25
—„—
40c
v.
5
10-1
10-
25c
10-
$1
(quar.)
preferred (quar.)
Exchange Buffet Corp
Inc. (quar.)
I
9- 4
10-
—
10-15
Honolulu
common
)
£
9-
1
preferred
5%
10-
7!/2C.
preferred (quar.)
Cias*
t$1.50
1
40c
7--—---;——-
10-15
Finance Co. of America at Baltimore—
f
9-
10-
$75c
$75c
—
$$1.75
87 V2C
of
1%
*-tt
shares
2
$25c
(quar.)
State tax
ism Pennsylvania
En* Railroad Co.—
#-25
5-1#
10-
Hinde
iquar.).—
Em Aj Pittsburgh RR.
^
£
1
25c
__
A
Class
9-21
$1.75
11-
Electric Co. of Canada—
Ever&h&rp, Inc.,
.
t$1.37Vi
25c
iquar.)
Empire District Electric (quar.)—;
Emporium Capwell Co., common
**-#:% preferred (quar.)
preferred (s-a)
Efcr.nwr* Puhiic Service $5 pfd. (quar.)„_
#158 preferred (quar.)
If preferred iquar.)
1
1
Griggs Cooper & Co.,
Grinnell Corporation
25c
Dlectrolui Corporation
9-1#
$1.37te
8-18
Cananea .Copper
$1.50
(quar.)
9-15
30c
(quar.)_.
$25c
c
(quar.)--—---
preferred
$1.50
35c
4
9-15
7%
$1.50
(quar.).——
Inc.,
Green
$3.50
preferred (accum.)—
Ferries.
9-10
75c
Paper Corp. (quar.)
—
F4wm Bros, Stores, Inc. (quar.)—.———
Flee trie
10-1
$1.121/2
(quar.)
■,IItttrm Boat '.Co»ww™—-—
$1.25
01 Re c.
1
$25c
'
;
5%
I^-imao Kodak Co., common—
#%" preferred
6'/o
9-30
15c
Fddy
«-2#
Ry. Co.—
red
—
iquar.)
preferred
'
ft-27
I
10-
Chemicals,
Sulphur Co.
(accum.)———.—
Eastern Massachusetts Street Ry.—
t
25c
$22
Ac
(quar.)
Inc. (quar.)
Lead
(quar.)
Eastern Oas Ar Fuel Associates—
RR.—
raon
Bo lavrt
10-
"
6% 2nd preferred (quar.)__——
Great Western Sugar, common (quar.)—_
$1.25
common
Eaflft-Fltrtier
25c
1
25c
Co.,
Nemours &
ft-31
%
."■7
preferred'(interim)—.
Ltd.—/
1st preferred (quar.)__—
West Saddlery'Co.,
$1.12 Vi
(quar.)
de
0*20
9-2#
partic.
'
10-15
60c
9-
$1
7
9-
9-14
$1.12 Vi
9-2#
75c
i.uar.)
$2
Great
1
9-10
9-28
37 '/2c
(quar.)
14 60 preferred iquar.)
Duquesne Light 5'?. preferred
juar.)
yr
,
I.I
<E.
9-10
1
30c
(quar.)
common
ft* 31
,
J
Co.
$1,12 '/a
)
■
0-20
10-
$1
preferred A (quar.)
Industries, Inc. (quar.)
.0*
9-10
$2
Ltd.-class A partic. preferred (interim)
When
Payable
Great Lakes Paper Co.,
115c
(quar.)
Dresser
Dun. 41 Biadstreet
#**%
preferred
(quar.)_
imon
:
9-11
10-10
\
Share
t$1.25
fit,, preferred iquar.)
Dow Chemical Co., common
*-n
1
10-10
10-31
Per
•••••
.
,
Same of Company
75C
Dwmmion Textile, common
I#
iquar.)
'
.
J35c
—
0*10
9-20
1
11-
-
44c
•
pfd. (quar.)_
8-25
Ltd.—
non-cumulative
0*31
$3.50
9-15
25c
'
-
.
of Re0.
—
Corp.
•-31
9-20
—
preferred (quar.)
Dominion Foundries & Steel, Ltd. (quar.)
Dominion Stores, Ltd. iquar.)
Dominion Tar & Chemical, 5te% pfd. (quar.)
Co.—
5
$55y2c
Holier*
25c
Company
Dothtor-Jarvis
10-
Payable
.
0*20
9-15
When
Share
Kmm
Monday, September
CHRONICLE
9-15
10-
1
9-15
9-15
10-
1
9-12
9-25
9-15
9-12
10-
1
11-
1
9-15
9-31
9-15
10-
1
9-15
10-
1
11-15
9-13
9-15
9-12
8-31
9-15
9-1
9-
1
9-20
9-
1
9-15
9-15
8-21
9-15
10-15
8-15
8-21
8-15
8-28
9- 5
9-22
5
9- 1
8-29
11-
;i
4
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4417
Vqlume 162
When
Share
Name of Company
Lnett-Bleachery
(s-a)
preferred
[6%
[eath
$1
$3
;___
62 %c
25c
(stock dividend)
---- ---& Myers Tobacco, 7fo pfd.
Cai^bonic
quid
12-21
9-15
1
9-15
5
8-20
New
9-14
8-31
New
9-15
8-25
9-10
8-25
1
9-15
25%
1
$1.75
7~~
(quai.)_
1110-
1
37 Vac
_~
10-
1
9-11
9-15
9-
11-
1
10-15
50c
9-10
8-25
1
J.)
Co.,
9-21
•
12-22
(monthly) -—■*—
Corp. (quar.)——_____—
9-29
9-19
Niagara
371/2 c
9-28
9-11
Niles-Bement-Pond
15c
9-10
8-17
No-Sag
Weaving,
Spring
10-
1
9-17
10-
1
9-
7
10-
North
88c
(quar.)—
.
1
9-
7
9-15
9-
Noranda
1*
9-13
8-
1
$12%c
10-
1
8-31
$1,621/2
10-
1
Mines,
Ltd.
$1.62 Va
1-2-46
12-22
25c
Company, 6% % pfd. (quar.)_
Dreferred <quar. ):.—*—
llron Metal Products, Inc. (quar.)
61/2%
—-—
9-15
13c
Ltd.__
lacy (R. H.) & Co. (quar.)__
Magazine Repeating Razor, common (quar.)
$5 preferred (quar.)_
Mines,
9-
10-
1
9-
9-
8
9-
q.is
Prior
7%
9-10
8-31
$1.12%
9-15
9-
9-15
8-29
50c
9-29
9-14'
North
25c
9-15
9-
5
River
& Co., common
20c
If41/4%
convertible preferred (quar.)
$0.265625
Mangel Stores Corp. $5 pfd. (quar.)
$1.25
arsh (M.) & Sons, Ltd. (quar.)_J
40c
arshall Field & Co. 4%% pfd. (quar.)—
$1.06%
iasonite Corp., common (quar.)_
25c
12c
lassachusetts Investors 2nd Fund (irreg. )_
9-10
8-27
9-18
(quar.)
(P. R.)
1
10-
9-15
9-
Norwich
5*
10-
1
9-20
$1.50
10-
1
9-20
10-
1
~7ic
10-
1
9-10
10-
1
9-10
1
10-1
9-15
$1
9-10
9- 3
25c
9-10
8-24
9-10
8-
$1.25
conv.
preferred
(irregular)
(initial quar.)__
9-10
8-20
60c
convertible preferred
(quar.)
8-18
9-10
8-25
9-15
9-
1
Oklahoma Gas & Electric
Omnibus
Ogilvie Flour Mills, common
25c
& Hegeler Zinc—
preferred (accum.)
5%
9-29
9-
5
9-29
9-
5
(W.
L^)
ilcClatchy Newspapers, 7%
WcGraw
Hill
IpcKesson
[ead
Corp.,
pfd.
8%
1st
Stores
Co.,
Merchants & Miners
&
Co.,
8-21
9-29
9-
4
.
9- 1
5
Transportation
12-
1
9-
5
9-
1
5
12-
1
9-12
9-
7
9-12
9-
7
50c
9-15
8-31
50c
(quar.)____
(quar.)
9-29
9-14*
10-
1
10-
1
10-
1
9-14
62V2c
Machine Co.
preferred (quar.)__
[etropolitan Edison 3.90%^
—
.
pfd.
(quar.)
10-
—
9-
7%
97 %C
10-
1
9-
1
icromatic
15c
9-15
9-
5*
5c
9-15
8-31
Refineries,
Convertible
common
-
illidvale Company
37% ft
(quar.)
9-15
8-31
25c
preferred
9-15
9-
50c
__
jlinneapolis
Imidland Oil Corp. $2 conv. pref. (accum.)
Brewing Co
Regulator, commonMississippi Power Co. $6 pfd. (quar.)
Missouri-Kansas Pipe Line, common (irreg.)
Class B
(irreg.)
bhawk Carpet Mills, Inc.
-
llinneapolis-Honeywell
pojud Hosiery Co.,
25c
25c
$1.50
50c
1
,9-15
1
9-15
9-
9-10
9-29
9-12
9-10
8-2$
9-10
9-
62 Vac
$25c
10-
1
1
8-31
I 5%
1
10-
1
$1.20
9-15
9-
1
13 %c
9-15
9-
1
(Springfield, Mass.) (s-a)
pfd. (quar.)
Monsanto Chemical Co., $4.50 pfd. A (s-a)_
$4.50 preferred B (s-a)
:—
$4 preferred C (s-a)
Montgomery Ward & Co. common (quar.)__
$7 class A (quar.)
Montreal Cottons, Ltd., common (quar.)—
7%/ preferred
$2.25
12-
1
11-10
$2.25
12-
1
11-10
$2
50c
$1.75
1
11-:-
10-15
9-7
10-
9-
12-
1
9-15
8-15
(quar.)_
& Mortgage Co.
t$1.75
9-15
8-15
m%c
9-15
8-31
common
t55VaC
Montreal Loan
Moore Corp.; Ltd.,
(quar )
(quar.)
1
8-31
7%
preferred
A
(quar.).
t$1.75
10-1
8-31
7%
preferred
B
(quar.)—
t$1.75
10-
1
9-14
$2
:
Morrison Cafeterias Consoliadted, Inc.—
7% preferred (quar.)
Motor Wheel Corp.-(quar.)
Mount Diablo Oil Mining & Development Co.-r__
Quarterly
Extra
__
_
___
12
Muskegon
12
Piston
$6
9-17
$1.75
10- 1
9-10
15
lc
9-
3
3
15
9-15
9-
9-29
6%
9-13
1
9-
7
12 %C
9-28
9-
5
77,
preferred
National Cash
com.
(quar.)
(quar.)
Register
ationai
tional
Casket
$7
National Folding
preferred
Box
A
15c
12-
1
Corp
com.
(quar.):.
(irreg.)
9-
7
5%
1
9-
7
6%
10-
1
9-
7
7 %
(quar.)———
(quar.)
1 I 6% preferred
B
(quar.)—————-•iNational Linen
Service, common (quar.).
''(National Malleable &
Steel Casting;*;
^National Ruhhpr
SNatinnoi «£ubber Machinery Co
I
"°nal Standard Co. (quar.)
'
•
Mines,
Ltd.
Nat'l Bank &
preferred
preferred
prefererd
Service
pfd. (quar.)_
Y.)
(N.
t5c
37%c
9- 5
10- 1
8- 4
9-20
of Colorado—
50c
59V3C
Co. of
Public
9-15
$1.25
$1.50
9-
$5
1
9-10
8-15
8-10*
Common
9-10.
8-20
6%
preferred
50c
9-10
8-31
6% preferred
9-10
8-31
8%
50c
10-1
9-24
12 %C
9-29
9-10
$1.75
9-15
8-27
$1.50
11-
25c
10-
1
1
Public Service
9-15
15c
9- 8
8-25*
25c
9-21
9-
9-25
9-10
7
,
8-31
8-31
20c
9-29
8-31
(quar.)
(quar.)_
(quar.)
Electric
9-14
10-15
9[14
50c
50c
$2
$1.75
$1.25
(monthly)
(monthly)
:
—
9fl4
9-14
8-15
9-14
8-15.
8-15
8-15
& Gas—
$5
10-15
-50ft
preferred
7% preferred
$5
preferred
9-15
9-15
preferred (quar.)
7% preferred (quar.)
Pullman, Inc.
Pure Oil Co., 5%
conv. preferred
Pyrene Manufacturing Co
(quar.)__
$1.25
$1.75
50c
$1.25
20c
9-29
9-29
9-15
10- 1
-
*9-15
8-30
8-30
8-24
9-10
8-31
8-10
8-31
9-15
9-15
9-
1
9-
9-10
9-11
9-15
1/
„•8-25:
8-25
9-14/
9-
1
'
1
8-16
Gas
Pacific
8-30
9-
1
9-
1;
9-1
;
8-31
8-31:'
9-
5
!
9-15
8-24
'
9-15
9-14
8-22*4
8-25
9-14
8-25
25c
9-12
8-31 f
10-30
10-20
9-15
Railway
'
9-29
9-29
8-18*
8-31 '
9-3 5
$1
$2
35c
9-12
11-15
10- 1
10- 1
9-25
9-25
12- 1
9-15
$$1.50
10-15
9-12
9-
75c
Co
(quar.)
Co. (quar.)
Royalty
Southwestern
,
15c
133/»c
$1.50
$1
9-17
9-15
8-27«
9-15
9-
Co.
Southland
75c
10c
Co
&
Gas
i—
Electric
$1.25
California
Oil
Co.
Oil
of
of
Standard
Oil
Co.
10-15
Co.
of
9-10
•
8-20
9-20
3
i-
(
8-15
1
9-15 I t
M '•
!
10-11
.•
•
'/•■!•••
$1.50
9-15
9- 31
j t
4oc
9-jlu
«-i»
*
9-15
9-12
11- 1
9- 4
9-20
35c
$1.25
9-
I'
8-30
10-15'
8-24
\
,..
9-10'f
X
36%c
30c
$1.1?%
8-25'
9- 5
9-15
Q-3^
10- 1
9-20
buc
a-15
25c
(quar.)
9-10
8-10
8-15
L
I •:
25c
(quar.)
Ohio, common
9-10
9-15
9-15
|
K
8-10 1
25c
Extra
8-3 li
25c
8-31
4V4%
"9c
9- 4
5%
71c
9- 4
(interim)__
31V4c
10- 1
9-
& Acid Wks.
$1
9-10
9-
preferred
preferred
Standard Paving & Materials—
conv.
preferred
1
Stecher-Traung Lithograph Corp.—<
preferred (quar.)
preferred (quar.)
Brothers, Ltd., common (quar.)___
6% convertible preferred (quar.)__
5%
Engine Co
Stokely-Van Camp, common (stock dividend)
Sterling
Prior
preference (quar.)
& Clothier, $5 pfd. (quar.)
preferred (accum.)
Strawbridge
Sun
Oil
Sunshine
Co.
(quar.)
Mining
$1.25
$1.25
&
Company
10-
$75c
25c
10c
30c
10- 1
10- 1
9-20
10- 1
10- 1
10- 1
9-15
10- 1
9-15
40c
10- 1
7%c
10%
25c
$1.25
$1.25 *
•
(quar.)__
(quar.)
9-29
12-29
$25c
Co
Sutherland Paper Co.
Swift
I
l
Stedman
~
v
8-i5
50c
(quar.)
Standard Wholesale Phosphate
:
i
.*
$1.12%
50c
$1
(Ky.)
Oil
Indiana
■<
9-10
11-15
(Detroit)—
Quarterly
Standard Brands, Inc., common
$4.50 preferred (quar.)
Standard-Coosa-Thatcher Co. (quar.)
Standard
4
9-l£rt
(Dallas)—
Sparks-Withington Co.—
6% convertible preferred (quar.)
Spencer Kellogg & Sons (quar.)
Spiegel, Inc., $4.50 preferred (quar.)___—
Squibb (E. R.) & Sons, common
$4 preferred
Staley (A. E.) Manufacturing Co., common$5 preferred
(quar.)
Standard
j
1
9-15^'
,
10- 1
35c
Standard Accident Insurance
8-31
11-
Co.—
(quar.)
preferred
Quarterly
5%
;
8-21
Co.—
5%
*
(reduced)
$1.25
Edison
Southern
Participating
preferred (quar.)
$6 preferred (quar.)
Public ,Service Corp. of New Jersey—
9-15
9-15
9-15
9-15
New Hampshire—
9-28
9-10
10- 1
10- 1
10- 1
41%c
9-29
20c
8-23
9-20
9-20
9- 5
9-10
9-10
9-10
9-15
9-4
(monthly)
(monthly)
(monthly)
10-15
25c
9-15
1
10-15
10-15
9-19
10- 1
10- 1
10-1
10-15
10- 1
(quar.)
25c
20c
9-
t$1.50
j J75c
20c
25c
6V4C
62%c
t3c
$$1.37%
(interim)
Trust
California
preferred B
Standard
(reduced quar.)__
Co., Ltd., 5%%
$1.75
'
common
&
Public Service Co.
11- 8
10-15
10-
Insurance
Co.,
East Dome Mines
Bros.
Proprietary
$50c
30c
(quar.)__
(quar.)__
35c
(quar.)_____
National Lead
Co.,
7%
preferred
Dairy Products
Discount Corp.,
preferred
Price
$44c
Ltd.,
Co.
Car
9-15
t25c
Inc., com.
1st preferred (quar.)
2nd preferred
(quar.)
Preston
Public
(quar.)
(quar.)
National City
Lines, Inc. (quar.)
National Container
Corp. (Del.)__;
ational Cylinder Gas
Co., com, (quar.)__
National
5%
Accident
Steel
9-12
9-27
25c
Alexander.
9- 5
25c
25c
'
1
9-20
37%c
(quar.)—
com.
Southwestern Life Insurance
25c
9-
9-14
Co
convertible
(quar.)
Southern Canada Power Co., Ltd.—
6%
participating preferred
(quar.)
8-27
8-24
9- 1
9- 5*
8-24,
9-14
9-15
9-30
9-10
9-15
10- 1
10- 1
31 %c
Manufacturing Corp.,
Southern
9-11
;
10-19*''
9-15
10- 1
10- 1
25c
9- 1
$1
8-31*'
10-i9»
9-15
(s-a)
9-1
9-15
.
'
8-31
15c
Aircraft
Solar
Southern
(quar.)
participating preferred (quar.)
Preferred
Pressed
(quar.)
I
1
9-20
12-15
$25c
$$1.50
(quar.)
preferred
9-30
10-
3
12-20
9-15
$25c
•'
8-31
10- 1
9-21
9-14
9- 3
9-29
—
10-
75c
9-14
Paper Mills, Ltd.—
Southern Natural
I
River Co., Ltd
Corp. of Canada, Ltd.—
1st preferred (quar.)
5%
9-17
Breweries,
(s-a)
9-10
$1.50
(quar.)
Inc.
(Howard)
Solar
5%
9-15
9-14
9-15
$1.50
$1.50
(quar.)
'
50c
8-17
10- 1
5
9-14
$$1.12%
preferred (quar.)
Manufacturing
(quar.)
9-1
10-22
9-20
8-24
Co
10- 1
50c
9-20 "
9-10
9-29
12-30
12-31
9-15
9-12
11- 1
11- 1
$20c
25c
(s-a)
Company
Common
6%
5
9-
*
1
50c
17%c
17 %c
75c
25c
45c
$1
$1.12%
25c
25c
$1.25
75c
75c
$1.25
63c
12 %c
20c
23c
(accum.)
9-
30c
10-
8-25
$50c
$1.25
common
9-15
9-15
50c
9-10
8-24
8-24
10- 1
10- 1
9-10
9-20
10- 1
10c
$1
$35c
preferred
Sorg Paper, 6% preferred A (accum.)
4-6% preferred (accum.)
South Porto Rico Sugar Co., com. (interim)
8%
preferred (quar.)
Southeastern Greyhound Lines, Inc., com.__
8-23
Powell
preferred
Socony-Vacuum Oil Co., Inc.
55c
8-23
9J10
9-1V
Corp
Extra
.
9-10
9- 5
9-10
9-20
10- 1
10- 1
9-29
9-29
9-15
Corp
Simpson's Ltd., 4%%
6%
10- 1
9-15
10-15
50c
25c
$1.12%
$30c
$$1.75
37 %c
class A
Simonds Saw & Steel
Smith
10-15
8-27 ~
25c
5% preferred (quar.)
Dairies, Ltd., common
Participating
Simmons
1
1
2
2
11113010-
$1.12%
(quar.)
40c
(quar.)
7 '
5\,
9-
Ltd.,
Skilsaw,
10- 1
Power
Silknit
9-15
9-8
9-21
8-30
9-10
9- 5
9-
9-
9-10
9-24
B
9-15
9-12
&
Class
10- 1
10- 1
10-15
9-29
10- 1
10- 1
10- 1
9-10
7
7
9-
9-15
(quar.)
Co.
Manufacturing
Singer
10-15
Co.
G.)
Signal Oil & Gas Co.
2- 5
9-1
8-25
'
8-31
50c
(F.
Crane & Hoist
Breweries
(increased)
Sick's
3-15
11- 5
9-10
9-10
1
9-20
10-19
10c
Shepard-Niles
9-15
9-15
8-31
9-15
9-12
9-20
11-
75c
;
Servel, Inc., $4.50 preferred
Shattuck
10- 1
10- 1
9-15
10- 1
9- 6
10- 1
20c
& Co
(quar.)
Oil
(quar.)
(quar.)—
A
B
Silverwood
25c
$1.25
30c
52c
51c
$1
$1.25
40c
$1
t2c
25c
$1.06Vt
$1.06V»
50c
(quar.)
(Del.)
class
Corp.
Sheller
9-15
12-15
20c
11-10
$2
25c
25c
convertible preferred
(quar.)
National Biscuit
Co., common (quar.)
National
1
15
8-31
$1.00
9-20
6%
9-14
8-20
12-20
Corp.
National Automotive Fibres—
Class
9. 4
8-15
9-28
Nash-Kelvinator
1
8-31
8-31
50c
10- 1
50c
1-2-46
50c
4-1-46
35c
11-15
35c 2-15-46
30c
9-15
(irreg.)
5%
Corp.,
Serrick
9-15
9-15
$1.50
8-15
9-
12-28
1
20
8-31
9- 1
9-10
Powdrell
$1.50
___
9-15
9-30
Plymouth
Co.
Seiberling Rubber 5% class A pfd. (quar.)_
$2.50 conv. prior preference (quar.)
Selby Shoe
Semler
(R. B.) Inc.
(increased)
9-12
Pittsburgh Equipment Meter (quar.)
Pittsburgh Forgings Co. (quar.)
$1.50
Nachman
1
9- 7
<
(s-a)__
20c
Inc. (quar.)
Trading Corp.—
partic. class A (accum.)
Dreferred
Lace
preferred
Sears Roebuck & Co.
(quar.)
Seeman Brothers, Inc.
(quar.)
9-28
t$l
Assn.
Paper Co., common (quar.)
preferred (quar.)
$4.50 preferred
(quar.)
9-15
9-
Loan
(quar.)
$4
9-15
1
(quar.)
Scott
9-15
10- 1
8-24
preferred
(quar.)
(quar.)
Corporation
(quar.)
common
Remedial
Company
9-27
Pittsburgh Brewing, $3.50 preferred (accum.)
preferred
31
1
25c
9-24
30c
1
Seagrave
50c
8-31
12-
9-15
&
Common
100%
$1.75
1
$1 preference common (quar.)__
Philadelphia Electric Power, 8% pfd. (quar.)
Philadelphia Germantown & Norristown RR.
Quarterly
Philadelphia Transportation Co.—
Participating preferred (s-a)
Philco Corporation
Mutual Chemical Co. of America—
Il2
Co.,
Philadelphia Electric Co.,
6%
Co., 8% pfd. (quar.)Ring (increased
10-
Switch Co., $1.20 pfd. A (quar.)
Pfizer (Charles)
Mullins Manufacturing Corp.—
*7 preferred
(quar.)
Muncie Water Works
Scranton
Pittsburgh Bessemer & Lake Erie RR. Co.—
lc
___
i
8-15
;
Phelps-Dodge
Corp._
Philadelphia Co. $5 pfd.
8-31
Morgan (J. P.) & Co.__.
Morgan Engineering (stock dividend)
1
(quar.)
common
preferred (quar.)
preferred (quar.)
$1.25
8-31
10-
10-
Pillsbury Mills, $4 preferred
7
t$l
8-15
Francisco
Schiff
75c
%
2nd
9-14
Monarch Life Ins.
Monogram Picture 5%%
9-1
1
San
50c
Peter Paul,
9-14
J$1.25
;
:
10-
9-1
1
10-
class
Petroleum
$$1.75
preferred
preferred
1
10-
class
Milk
4 %
9-15
Monarch- Knitting Co., Ltd.—
| 7%
(quar.)
A (quar.)
A (quar.)
Pet
9-20
10-
il5c
10-
9-15
37%c
20c
(quar.)
(quar.)
Manufacturing Co
8-22
10-
25c
lc
$1.75
$1.75
50c
7c
50c
(accum.)—
(quar.)
preferred
9-20
10- 1
9-15
preferred
Co.
Works
Metal
Joseph Lead Co.
San-Nap-Pak Manufacturing
Quarterly
$$1.75
Co.,
H.)
St.
50c
preferred (quar.)
Peoples Drug Stores, lnc
Peoples Gas Light & Coke Co. (quar.)
Perron Gold Mines, Ltd. (quar.)
9-12
9-29
50c
Russell
9-14
8-22
t31Vic
$5
9-20
1
7%
9-14
,
10-15
50c
Pennsylvania Glass Sand Corp.—
Common
(quar.)
5% preferred (quar.)
Pennsylvania Salt Manufacturing Co
Pennsylvania Telephone. $2.10 pfd. (initial)
$2.50 preferred (final)
Pennsylvania Water & Power, com. (quar.)
8-25
10-
2 Vac
20c
common
■5%
preferred
(quar.)
VIolson's Brewery (quar.)
10-
1
1
10-15
(quar.)
Telephone
Penn Electric
9-
8-31
9-29
9-20
(quar.)
$1.40
$1.40
4
8-8
37%c
(quar.)
Ford, Ltd.
Common
9-12
id-West
&
___
Inc. (quar.)
(Helena), Inc., class A (quar.)__
Ruppert (Jacob), 4 % % pfd. (initial quar.)_
Russell Industries, Ltd., common (quar.)___
11-15
(quar.)
2
Mill
Bros.,
25c
Common
25c
Corp., common
preferred
Penick
9-20
1
9-7
Art
11-15
Co
(irreg.)
Rubinstein
10-
9-10
9-10
75c
Manufacturing, common
Peninsular
ichigan Steel-Tube Products
Hone
Paton
1
9-10
9-29
Roos
1
(H.
Seaboard Oil Co.
(quar.)
Panhandle Eastern Pipe Line Co
Paramount Pictures, Inc. (quar.)
9-17
1
35c
$1.75
Corp., common (quar.)
7%
8-27
10-
9-15
8-23 1
Inc.—
Myers,
10- 1
Ronson
$1.37%
Tubes
Parker-Wolverine
&
f25c
t$1.75
(increased)—
Page-Hersey
8-30
$1.50
Co
Mills
preferred (quar.)
Company
Paper
71c
v_
Co., 7% 1st pfd. (quar.)
participating
$1.50
Robertson
f$1.25
conv.
Pacific
9-20
Robbins
t50c
Inc.—
prior preferred (quar.)
(quar.)
Pacific Indemnity Co. (quar.)
9-20
$1.31%
8-10
11-30
10-
t
i
9-15
50c
12-15
$1.75
9-14
8-24
10- 1
10- 1
9-25
15c
15c
25c
$1.50
Extra
8-31
$1.25
(quar.)_
_
(quar.)
Goods
Raisin
9- 5
$1.12%
(quar.)
Co.
common
Riverside & Dan River Cotton
American Investors,
Pacific
9-20
25c
$1.12%
(quar.)
(quar.)
Ry.
River
6
$1.50
J25c
Ltd
Aircraft,
Richardson
25c
(quar.)
Preference
12-
12- 5
&
2nd
7%
Oil
Dry
9-15
J25c
$1.12%
common
(quar.)
Electric
Rice-Stix
9-21
9-10
$2
Light, Heat & Power, com.
preferred (quar.)
5%
12V2c
common
common
Linotype
fetal & Thermit
7
9-
30c
common
preferred
preferred
Mergenthaler
tffiesta
■
9-
Car
1
Ranch
9-15
25c
Ottawa
$5.50
(quar.)
I 5%%
Ottawa
2
35c
J
I 4'/a%
Ottawa
4
25c
Refrigerating Co.,
Merck
8-30
9-
25c
Merchants
pfd/(quar.)__
(quar.)__
Co.
preferred
10-
10c
.'
1%
(quar.)
10c
common
preferred
Elevator
9-15
9-lU
30c
|5% 1st preferred (quar.)
Mercantile
Otis
6%
of ^California—
(quar.)
preferred (quar.)
Class A
7%
•
10-15
15C
preferred
5%
Corp.,
(quar.)
15c
15c
preferred
$1
Mercantile Acceptance Corp.
I 6%
preferred (quar.)
6%
11-28
20c
[fcengel Company.
I
8-31
11-30
Co.
(quar.)
Ontario Steel Products, common
11-20
9-10
Power
35c
(quar.)
common
(quar.)
common
I
11-30
433/4C
(quar.)
Publishing Co
& Robbins,
preferred
$4
$7
10c
Corp
(quar.)
preferred (quar.)
(quar.)
4%% preferred (quar.)___
4%%
preferred
Ohio
Matthiessen
Sfax'son
Finance
10-
15c
convertible preferred
$1.75
(quar.)
40c
Co
60c
5c
iastic Asphalt Corp. (reduced quar.)
lathieson Alkali Works, common
(quar.)
9-15
35c
(s-a)__
redeemable preference
Co. (quar.)
Electric
;|§7%
(quar.)
8-31
A
preferred B
Rice
9-15
87%c
9-15
preferred
(quar.)
6%
prior preferred A (quar.)
Reynolds (R. J.) Tobacco—
3.60%
preferred
(initial)
Rheem Manufacturing Co. (quar.)
9-4
(quar.)
9-20
6%
ap¬
10-
1
8-27
Republic Investors Fund—
6%
717/„c
Nu-Enamel Corp., common
37%C
Motors, lnc
Republic Steel Corp.,
I
Cement
*.
—
20c
$62%c
Reo
for
9-15
Ohio
8-31
$1.50
com.__
$1.25
Reliance
6%% pfd. (accum.)— $$1.62%
Remington Rand, Inc., common (quar.)..
30c
$4.50 preferred (quar.)
$1.12%
8-30
Portland
non-cum.
(quar.)
Grain, Ltd.
8-15
,
Co
Preferred
9-10
1
:f:|jassey-HarriS Co., Ltd.—
aster
Insurance
Pharmacal
5
30c
9-30
10-
9-
(quar.)
Northern Liberties Gas
Nor'western States
C.)
(R.
:allory
9- 6
Corp.—
preferred (quar.)
Pennsylvania RR.
North
■ahon
1
9-15
60c
12'/2c
12- 1
9-28
11- 1
A
Bit
preferred (quar.)
Reliance Electric & Engineering Co.,
8-15
(quar.)
—
(irreg.)
Car
;agor
10-
_
——
ifagma Copper Co.'
$40c
25c
(quar.)
(quar.)
preferred
Roller
$1.60
9-10
to
9-15
9-30
1
8-30
Regent Knitting Mills, Ltd.—
l
9-15
(Subject
Finance
preferred
$50c
common
held
10- 1
10- 1
25c
(quar.)
preferred
1
99-
Inc.—
(accum.)
payment shown above clears all
preferred
Reed
9.14
Electric
$1.75
$1.25
37%c
9-
9-15
arrears.
25c
(stock div.)
9-15
5%
j$l
&
10- 1
1st
Hosiery Mills,
preferred
7%.
$2.50
Gas
$11.75
8
10-15
(quar.)
common
9-13
non-cumulative
Silk
The
1
IIIIIIII
(quar.)—
50c
4%
com.
(quar.)
50c
5%
7%
9-
9-17
35c
37%c
jTa?
9-15
11-
25c
Pacific
American
20c
$1.25
10- 1
10c
9-15
9-15
9-10
9-12
10- 1
9-8
Real
10-15
$25c
preferred (quar.)
5%% preferred (quar.)
8-25
8
(quar.)
6%
North
9-15
1
87%c
2%c
Reading Co.-—
9.94
37 i/_P
proval by the SEC)
8-25
$1.25
Ltd.
Corp.,
shares
100
10-
8-31
11-1,
Rayonier, Inc. $2 preferred (quar.)
Raytheon Manufacturing (stock dividend)__
a.13
10-15
(interim)
Co.,
share
every
5
40;
American
One
1
25c
American Car
North
8-15
9-15
60c
9-15
Corp. of America, $3.50 pfd. (quar.)_
(Pittsburgh), common
preferred (quar.)
Rapid Electrotype Co., common (quar.)
Rath Packing Co
Raybestos-Manhattan, Inc.
9-15
$1.25
$135%
preferred
Railway Co.,
$6 1st preferred A
$6 1st preferred B
9-21
ijwney (Walter M.) Co. (initial quar.)
(quar.)
l it
P-
25c
(quar )
9-25
11-30
8%
8-25
q-95
r; Rec.
75c
$1.50
(quar.)
Rand's
8-20
9-7
75c
common
Radio
7
9- 7
g_io
$14,12 %
Co.
Norfolk & Western
•
9-29
$1.62-%
TUT
(quar.)
$2
$1.75
Nashville RR.
&
Wire
25c
10c
pfd. (accum.)__
preferred
common
'
(quar.)
9-
50C
Industries, Inc.
1111111"
Newport News Shipbuilding & Dry Dock—
$5 convertible preferred
(quar.)
Niagara Lower Arch Bridge (quar.)
Niagara Share Corp. 4%% pfd. (quar.)
1-2-46
(quar.)—
8-31
9-20
33c
$2
10-
8-31
9-15
preferred
$1
Unkenheimer
Macassa
(J.
$3
9-15
$1.50
Oats
preferred
(quar.)
Quaker State Oil Refining Corp.
$1.12%
37 % c
Newport
8-25
9-10
Utilities
Pipe Co., 8%
Land & Exploration
_juisville
NJ
Quaker
Puyavie
Share
6%
$1.31%
Co.
Newberry (J. j.) Realty Co., 6%
6%% preferred
Newmont Mining Corp
10-26
$1.12V2
Corp., 4% ~k pfd. A- (quar.)
special gtd. (quar.) ______
preferred
1%
5%
1
1
rillard (P.)'Co.,
misiana
Clock
Laundry, 6%%
City Omnibus
York
PA
Newberry
11-
Gas Co. (quar.)
_
Taylor, common (quar.)
common (quar.)__-_
&
New
30c
Star
rd
Haven
England Telephone & Telegraph Co
New England Water Light & Power Assn.—
New Jersey Zinc Co
NY
Stai* Cement
ne
8-31
9-
10-
Name of Company
HrMert
When
per
.
9. 4
New Method
pfd. (quar.)_.
preferred (quar.)—
ne
of Rec.
9.14
$2
Common
Holdera
9-15
10-
$1.10
8%
When
Payable
75C
1
31V4C
Miami RR.
df Joint
Company
2oc
25C
—
,iiy-Tulip Cup Corp. (quar.)—ncoln National Life Insurance Co —
ttle
Per
share
„
(quar.)
Bros., Inc. (quar.)—
New England Public Service—
$7 prior lien preferred (accum.)
$6 prior lien preferred Caecum.)
40c
Co. of Tennessee—
iiaeett
,
National Steel Corp.
35c
& Co., common
preferred (quar.)
Inc. (quar.)
ehn '& Fi'nk Products Corp.
(quar.)
leslie Salt Co. (quar.)—
iibby-Owens-Ford Glass _
iberty Aircraft Products Corp.
i
10-
(H. D.) Co.,
fcfe1 '^CasuSt"Insurance
„
Name of
8-25
12-31
10c
$2.50
ee,
9-14
Neisner
Works
Corp. (Va.) —
& Dye
kwyers Title Insurance
of Rec.
1027
Hoiaert
Payable
per
1
9-19 1
12-15
9-2» ?
9-20
9-i5i;
8-30
9-21
9-
a
9-
3
8-24
9-1
9-
1
"9- ft
Payable
Share
Name of Company
25c
Sylvania Electric products
cioict Mines, LiCci.
10-
Syracuse Transit Corp., common-.—
Tacony-Palmyra
Bridge,
common—,
Class A
(irregular)
.10-
■fi 12-.
1
—
/
Westmoreland
Coal
; Whitaker
9-15
preferred
5%
(quar.)—
•••4%% preferred (initial quar.)
Taylor-Wharton Iron & Steel Co.—
Teck-Hughes Gold Mines (interim)—
common
56 Wc
fi//9-15
.
White
9-
4
10-
1
8-28
Electric
10c
9-10
8-31
■/■'Extra
35c
9-15
8-30
Wisconsin
25c
9-27
9-
6
50c
10-1
9-
7
50c
9-15
10c
--
-9-27
Electric
';
6%
Michigan
10-22
Worthington Pump & Machinery, common—
9-15
9-1
25C
9-
1
$1
9-15
9-
1
35c
9-15
(quar.)
4V2% conv. prior preferred (quar.)
Wright-Hargreaves Mines, Ltd.
Wrigley (Win.) Jr. Co., common
——
10c
9-15
8-25
Yale
50c
9-
5
8-20
Yates-American
5%
Products, Inc., common
4% preferred (quar.)
Tilo Roofing Co., Inc., $1.40 conv. preferred
Common (quar.)
Thompson
9-
7
8-
3
Yellow
9-10
9-
1
1
4Va%
prior preferred
<fe
Timken
Bearing
Roller
American
Tdd'd
deposit
(interim!
rets
$1.25
Shipyards Corp
Tooke
Ltd...
Bros.,
Toronto
&
Co.
Insurance
Travelers
Coal
Truax-Traer
Co.,
preferred
4x5
$1.50
7
8-25
Young
9-10
8-30
Youngstown Sheet & Tube Co.
5 V2 %
preferred class A
9-10
8-24
11-15
11-10
9-15
9-
25c
9-10
9-15
9-
Zeigler
37 Vac
(quar.)
10-
1
8-31
50c
10-
1
50c
9-29
15C
9-24
Oil Co.
66 %c
9-10
—
common
(quar.)
preferred (s-a)
Sugar Co. (quar.)
Union Wire Rope Corp. (quar.)
Aircraft
Fastener
United-Carr
United
Chemicals,
in
Payable
/
Products,
Elastic
United
Corp.
Electric
9-15
6%
United Illuminating
United Light &
8-28
Common
5%
preferred
preferred
5%
10-
1
9-10
10-
•
50c
,
1
9-11
10-
1
53c
10-
1
9-15
50c
10-
1
9-15
10-
$1.25
9-20
9-15
:■
/>
25c
20c
'•>:
.
40c
f
40c
Van
Dorn
Iron
Root,
/&
l
*5%
normal
9-
Federal
excess
9-30
7
X'fi
9-15
1
9-10
State
"*< 1
V
it
i
^
•
9-15
1
9-
9-25
10-
9-10
9-10
8-10
9-15
9-
4
9-15
9-
4
10-
fiZ/
9-12
■$ ;/
fi/fi
9-15
8-31
9-14
:
9-4
$2
10-
1
9-
6
62 V2c
10-
1
9-30
1-2-46
12-22
50c
9-
9-15
'
8-27
7
8-24
$1.75
9-10
9-
1
$1.75
12-10
12-
1
50c
9-15
9-
Waite
#//
*-
Walker
,
-
(s-a)_
I'
'S
'♦»* '
(quar.)_
1
9-
8
10-
1
9-
8
Total
9-15
9-
5
25c
9-15
9-
9-20
62V,C
Vac
37 Vac
-
7%
9-25
11-
1
y
.''• '•
'5%
9-11
i
4-15
Net
Other
9-20
10-20
!#/
common
9-20
8-31*
8-15
t$l
—M
9-15
Common
5%
Western
.
Tablet
asset
net
ago.
value
9-28
50c
9-15
Stationery,
preferred .(quar.)—w-
5%
preferred
(quar.)
June
on
1944,
31,
$197,821
30,
1945,
$94.46
and
was
June
on
S103 85
30
a
year
,'/'■///;• '■://' /':/'
Six
Months
Ended June
30
1944
1943
1942
$341,555
$314,444
$307,737
$303,705
—72,142
61,203
51,704
46,634
$269,413
$253,234
$256,033
$257,070
257,808
# 256,281
242,283
income
income
paid
ment
9-15
25c
has been
9-
9-/5
10-24
7
8-31
$1.50
12-
11-15
12-1/
Net
—V.
2
1
9-
10-
1
10-1
Vac
$1.25
$1.25
$1
$1.25.
$1.25
9-15
11-
2-15-•46
11-15
2-15- 46
l
1-2-46
2-
1
1 fi
11-
'•
9-29
-10-
6
9-15 I
9-20
II-15
75c
."
for
made
S.
under
at quoted values:
and
as
income
taxes, since
regulated mutual invest'
a
the Internal Revenue
Government
bonds
Federal
be relieved of substantially all Federal tax payCode.
at June 30, 1945
as
:
,
securities
*
i
—
notes-..--
$2,437,900
5,006,310
—-v
——
Common
3,238,390
stocks
Z
;
10,510,800
-
Cash /-—,-_
—'
Dividends and interest
44,151
receivable———————
Taxes
87,337
Net
-
surtax—
154,194
$4,170,825
36,529
'
174,000
2,833,000
35,000
81.769
',/;. 174,000
2,586,000
,21,000
v.
$1,024,989
$1.15
$1.06
share
common
of
$183,68'V)y $2.221,174;Uhventories,
and
deferred
$3,32^644';
items,
and
payable,
'profits
excess
Ry.-—-Earnings of §ystem—
1945—Month—1944
revenues—
& struct.
assets,
applicable
stated
value
204,975
to
*39,085
—;
outstanding
shares
(no
$25)—-
_
$21,285,803
$103.85
—
—
Seaboard Finance Co.—Securities Offered
A bank¬
—
ing group headed by Van Alstyne, Noel & Co. and Johns¬
ton, Lemon & Co. on Aug. 29 offered to the public $3,000,000 5%
10-year sinking fund subordinated de¬
1
2-
1
/
equipment—
1955, and 70,000 shares of
$1.50 cumulative preferred stock, Series A, with nondetachable common stock purchase warrants. The de¬
bentures were priced at 100 and accrued interest, and
the
$69,656,430
9,316,743
preferred stock at $30
loans
,
Preferred
Aug.
1,
tion.
for
10,722,830
9 797,913
34,234
260,387
$1,517,054
income:.-
chgs.
17.913
5,485
$9,993 310
34,003
$1,657,597 $10,941,557
$1,499,141
41,660
$9,959,308
1945
•
from
railway
to
from
ry.
1944
1943
1942
•
be
dividends
net
at
of
rate
up
the
stock
"
70,000
addition
debentures, the pre
atiac«
the
to
stock
common
uurchase warrants
stock
shares
of
its
$10.50
at
stock,
common
upon .the
offer
to
At
the
'
position held.
the
the
employees
'
Initially
Will
expiration
of
basis
above
from
1V2
subscribed
that
employees,
held open
be
period,
for
discounts
106,619
188,320
,112,835
109,646
9,855.638
6.865,167
of
5.763,191
11,963,019
6,006,221
5,510,372
3,060,138
their
1,587,048
1,620,251
1,750,690
2,070,173
share
the
of
or
by
the
any
Net
ry.
From Jan. 1—
Gross
Net
Net
from
1945
/
/ 1944
$234,482 '
the
companv
(b) 29,628 shares of
Finance
common
basis,
43,72,6
•43,105
*63,887
•4,166
-,
v
1,539,783
1,425,345
,
j
railway—r
/ 84,066
income—
*315,853 )
•Deficit.—V. 162, p. 608.
oper.
*278
'
*40,247
/
1,611,777
irom railway—--!
ry.
1942
$148,519
;
962,114
*5,604
314,396
38.227
*384;589
'-*3,131
*250,046
ns
^
mon
g3
shares
with this'on
an
_
shares
are
subscribed;
public holdeys of
purchase
Eastern company), m e.
of that corporation on a
the warrants, payment i
stock to the
common
Corp.
shares
plus,
in
(the
warrants
or
the
95,000 shares of
^ iaW
will be $10.50 per share or
case
of
of $6.38 (the exercise pride)
1945;
-
ommon
^rrants
*
common
per
for
re
for
c0tn-
b(jfor
warrant exchanged o
nvPirme
stock issuable upon
the exe
of
#
dcilti0nal
purchase such shares of common stock, and s"c.
rfquire(i
indeterminate number of shares of common stock as
may,her with
warrants
$224,707
*14,721
'
.
each r
27,978 shares to holders of common stock
Seaboard
(c)
1943
$223,560
12,533
,
^
ems
provided
commissions payable in connection
proceeds to
pany
'
^
until
shares not,
qualified
to
shares of common stock for
$420,000, if all of the 40,000
stock and
railway.—
r3
that the number o pxcfiec)
to be so given any one
employee shall not at $10.50 per shai
^
the equivalent of $3,000.
The effect of this will be to pen
ra?e
acquisition by employees of 11V2 shares for a cost of $10o, a»
*w.rjtinK
slightly in excess of $9 per share.
There will be :-iio
.
anfi
12,080,045
railway::-!—
oper. income—
sh®r®'
per
"
/
be ' re-allotted
will
stock of the company,
237,020
from
cui
including officers and directors/in proportion to the number 0
tinnal shares requested
by them. No offering of these shares to p
other than the above-mentioned employees is contemplated.
connection, it is to be noted that W. A. Thompson, Presmen1
company, will donate gratuitously from his own holdings or
$732,403
July—
Net
sn
anw
of recl 1
a warrant (non-detachable) to pure
•
at $12.25 per share at any time prior
•
'
'
dividends to date
accrued
case,
carry
common
and
40,000
on
384,222
Earnings—
share
Redeen!ort,
$1.50 per
being offered through the underwriters,
presently offering withou]t any underwriting:/.
1945.
$1,131,402
162, p. 608.
share will
preferred
This
632,598
income
plus, in each
the
stock
based
$1,477,847
railway
consolidated
employees of the company or its subsidiaries, with five or moie >
length of service or holding positions of managers or positions su
thereto, including officers and directors.
Allotments per Per3
299,200
railway
oper.
of
the
$1,141,725
railway-.
of
Offering by the Company—In
ferred
195,398
$1,663,082 $10,983,217
20%
(EST)/Aug. 1, 1948.
(a)
41,405
fixed
Each
share
3 p.m.
pany.is
1,628,848
to
Stock—Cumulative
1955,
22,120,496
$6,852,726 $48,057,209 $47,685,202
equal
per annum, payable quarterly Feb., May., Aug. and Nov.
at any time at $33 per share on or before
Aug. 1, 1950. $32 per
thereafter and on or before
Aug. 1.
1955, and $31 per share
12,496,371
1,475,649
from
fund
22,722,127
$7,123,539
income
commercial paper maturing within not
renewals thereof for not exceeding
or
any
sinking
12,274,073
3,842,707 /• 3,751,592
Authorized
more/than nine oi°nt"j
nine months.- Am™a'
earnings, coinmenein,
Feb. 1, 1947;
the sinking fund for the fiscal year ending Sept. J.
1945, being 4% of consolidated net earnings, to be set aside on Feb. ,
1946.
if/// ;//'!fifi#/;'/fi-fif'/"/ifizf-fi/://#/,."/'/:/#z/..
,./:
and
1,862,001
550,736
dividends.
Aug./1, 1955.
due
in denominations of $1,000.. registerable; as to principal: only, and" $500, not registerable.
Interest payable
Feb. 1 and Aug. 1 at Marine Midland Trust Co., New York, ti'usteeSubordinated as to principal and interest to all indebtedness on bans
3,120,674
-
share and accrued
1945;
.
1,836,102
557,490
a
rDsbentures are .dated Aug. li,
^6,OOO,0OO.
Goupcin debentures
<5
3,287,201
expenses
income-.
from
Gross
9-18-
12-18
bentures maturing on Aug. 1,
1945—7 Mos.—1944
$10,397,078 $10,983,570 $71,437,479
1,442,746
1,319,317
9,218,302
Sari Antonio Uvalde & Gulf RR.
9-14
.
$21,324,838
Net asset value per1 share
•—V. 161, p. 2793.
$3,887,758
/
;
—
and other expenses accrued
Sept. 30,
9-15
75c
(incr'd)
687,268
$3,733,564
8-24;;
9-15
10-
$l.l2Va
f
10,663,579
846,358
expenses
expenses.
from
Gross
11-15
1
40C
;
!
com.
10,607,399
From Jan. 1
1
Net
25c
;-
allow.
$4,116,176
Net ry. oper. income.—
10-24
1
9-
$1.25
—
Net
8-21
11-1
fi
and
1,
Gross
5
/,/ 25c
(quar.)
transactions.
Statement of Net Assets
TotalI
a
1945
1944
$15,569,934 $15,084,412
,.
July—
i 9- 5
11-
(quar.)—
security
prior years, by qualifying
company
U.
"
269,977
from
loss
or
provision
in
as
Investments,
Corp.—Earnings—
returns
St. Louis Brownsville & Mexico
Ry.- —Earnings—
8-14
9-11
?
33 %C
Paper
;8%
share
per
Dec.
on
fi/fifi/fi'/////.#
...
gain
excess
deductions of $1,260,311 in July 1945 and
$9,110,298 in period
to July 31, 1945, for estimated income and excess
profits taxes
compared with $1,919,000 in month and $8,449,238
in period last
year.—V. 162, p. 818.
9-15
$1.25
Electric Co.—
common
and
12-15
$1.75
—
A (quar.)—
A foun.r.)—
&
1
9-15
fi
—
(quar.)-——
preferred
preferred
10-
I-2-46
50c
(irreg.)
West. Virginia Water Service Co., $6 pid
Western
Exploration .Co.—
Western. Pacific RR.,
The
compared to $96.24
$0.34
•After
8-10
$2,50
&
1942
$65,898
income
•Bal.
Jan.
8-10
9-15
V; $1.75
(s-a)
Pulp
$213,461
162, p. 2339.
Note—No
$0.66
oper.
ry.
Deduct,
8-10
t25c
(quar.)
*zt5% preferred
(quar.)
Washington Water Power, $6 pfd.
Motor Co. (quar.)—
Virginia
$84,445#
$89,626
—
Dividends
8-16
9-10
Waukesha
West
9-15
9-12
(quar.)_
—
Washington Railway &
>.
8-16
$1.75
(interim)-
preferred
9-15
40c
•v
(quar.)
C
income
•Net
$125,914
oper.
Total
9-15
62 ViC
B
5%
; 10-1
50c
__
Co.
Class
—V.
22,
y 10-10
t20c
(quar.)
(quar.)-.
Class
-
Net
Expenses
1943
9-10
v
50c
(quar.)
Swasey
Z/9--1/
9-10
$0.66
expenses
Total
7-15
+»i
Warren Brothers Co. Class A (quar.)
! ;A
Is/:
&
69,540
1
$1,087,296
way
of
Other
1-la
•
5-1-46
—J
(quar.)
preferred
Warner
$387,910
120,549
Scudder, Stevens & Clark Fund, Inc.—Report—
profits tax (net).
Transportation
8-1-46
$1.50
Ward Baking Co. $7 preferred (accum.)
1
Waye' Shoals Manufacturing. Co. (quar.)—--
■,
'
9-
$125,970
10-15
1
2-1-46
$1.75
(quar.)
of
Maint.
37VaC
—
preferred
68,490
t
147i52}
Preferred stocks i-_—
normal
assets
oper,
37 Vac
-
(quar,)
Ltd.
G. & W.,
Wanisutta Mills
120,579
41,880
int.
...
1
9-15
$0.64
Period End. July 31—
8-31
37
Ltd.
common
(Hiram)
59,952
earnings.
fifi#
etc.
income
Maint.
$1.25
——
(quar.)
Waltham Watch, 1
preferred
■
V
10-
25c
——
(quar.)—
Mines
10-
a
$2.50
:
(qUar.)—
Building (s-a)
Co.,
60,148
37,690
"14,674
107,760
.
$832,819; accrued taxes (other than
taxes), payroll, etc., $1,469,421;
reserve for Federal
income and excess profits taxes (after deducting
U. S. certificates of indebtedness and
Treasury tax notes and accrued
interest thereon of $5,238,270), $612,717;
15-year 3Va% sinking fund
debentures, due Feb, l, i960, $4,000,000; note payable to bank (2Va%)
in
connection with emergency plant facilities
contract," secured by
assignment
of
reimbursing
payments
from
Government,
$209,568;
reserve
for
post-war adjustments of inventories and other assets,
$640,000; common stock (par $1), $926,547; capital surplus, $657,773;
earned surplus, $8,082,138; common stock in
treasury, at cost (14
shares), $67; total, $17,430,916.—V. 162, p. 395.
$2.50
A !$i:i preferred
■
r#.fi
1
Amulet
Prov.
1944
St. Louis-San Francisco
Detinning Co., common———:
prererred (quar.)
——-—i
Walgreen
deductions..
Total
1
A
——
Wagner Electric Corp.
'
$402,530
"
//Other
Liabilities—Accounts
Federal
1
35c
'
1
V
_
9-14
1
9-
62 Vac
(quar.)
Wells
$186,277
705,805
local
and
taxes
ments,
1945
v
and
etc.,
cellaneous
$1
(quar.)—————
Wacker
9-
8-18
9-15
9-15
mis-'
$1,855,957;
emergency'plknt
facilities, $209,568; property, plant and equipment (after, reserves '/tot
depreciation and amortization bf $3;950;I86), $4,739,736;' Patents,' $2;
total. $17,430,91G.
"•
'
'
'
/
' .
8-20
40c
preferred
!
150,623
$187,464
Net
tax
per
accounts,
8-20
pfd. (accum.)
(s-a)
Cotton.
1
Balance
9-15
1
62 V?c
—
——
preferred
Waoasso
8-
Sheet, June 30, 1945
'
,'
h
.
4
Assets—Cash, $2,434,935; U. S. certificates of indebtedness (at cost),
$2,640,000; accounts and notes receivable (after reserve fqr, doubtful/
*
50c
(quar.)
6%
Vulcan
50c
25c
50c
$1.37 V2
25c
25c
10-10
income
Earnings
1
9-10
$15
(quar.)
(quar.)
Inc
>i 6.%i
preferred
find Vox preferred
73,168
———
5
Corporation and
discounts,
expense,
income
Net
$1
'Sfy6%
.'«
74,469
/
m.,
30c
Equipment Co., $1 conv. pfd. (quar.)
Viking Pump Co.__
Virginia Elec. & Power Co., $5 pfd. (quar.)
Virginian Railway, common (quar.)
■v
9-
9-15
10-
Victor
.is)//
12-15
1-
54,649
Federal
43 %c
Works
preferred
2
9-10
income
Interest
Vicksburg Shreveport & Pacific Ry. Co.—
Common
73,377
111,145
for Fed. inc. taxes
9-10
9-25
income
9- 4
$2
*
Veeder
53,877
Depreciation
State,
Fed.
1
profit —
9-1
50c
(quar.)
Vapor Car Heating Co., Inc.—1% preferred (quar.)
'
f' 7 %
prefer red (quar.) _•
•
34,631
55,509
Maintenance
$122,102
less
9-14
8-31*
62 V2C
'
ifi/Z
.'X
Y.)
Upressit Metal Cap Corp., 8%
prior preferred
32,859
9-20
10-
11-30*
$1
Utica Knitting Co., common——
r.5%! prior preferred (quar.)—
5%
Mos.—1944
51,423,673
$1,545,134
807,459
1
incl.,
share.
9-15
50C
(quar.)——
Universal Laboratories $2.50 pfd.
Universal Match Corp.
Universal Products Co
«#■
1945—6
$673,312
325,359
10-
this dividend.
goods sold-,
;
general & administrative
Total
.
(N.
1945—3 Mos.—1944
$717,088
'
—
10-12
)
9-20
.common—
common
Z
of
Other
12-20
—-
(quar.)____—
Co.
as
162, p. 832.
366,787
8-23
Total
taxes
sales,
Gross
40c '<
preferred.;-—
United St$,tea Steel Corp.,
3-15
-
10- 1
$1.75
—
%
charges,
per
Selling,
8-10
50c
——
—
f.
Total gross earnings-.-.
Operation
1
par;
10-10
$2.50
(quar.)
•
i'is:
'z
6-15
10-
United States Trust
of the
Secretary.—V.
Assistant
«
Vice-President of the companv
ii,
staff in the San Francisco offirP ^
a
Period Ended June 30—
12-15
7-1-46 Z
—
;; 10-
Tobacco,
.19-15
1
$1.25
—
50c
States
Cost
4-1-46
$1.75
preferred
1
1-2-46
-
.
1
tax.
for
Rustless Iron & Steel
$1.25
——
7%
member
a
elected
15c
12V2C
12V2C
,
6 Months Ended June 30—
$1.25
(quar.)——
United
9-
9-13
30c
preferred (quar.)U.S. Leather Co., 7% prior preference (quar.)
U5*S, Pipe & Foundry (quar.)—Quarterly ————————u—
U. S. Playing Card Co. (quar.)
IUv'?S. Potash Co. (irreg.)
U,.(Si'.Printing & Lithograph-Co.—
>.5% preferred (quar.)——
U;(S, Rubber"Co.V
hfi
1
189,830 shares.
Gross
i'7%
>8,%" non-cfuh. - 1st
,
ck'
9-15
58V3C
i
Co., common
preferredfift
Seattle Gas Co.—Earnings—
1
9-
profits taxes for the quarter
ended June 30 amounted to $342,000 in 1945, $618,100 in 1944, $366,160
in 1943, and $219,376 in 1942.—-V. 161, p. 467.
—
(quar.)
(quar.)
Graphite Co.-——-—
Guarantee Co. <quar.)
Gypsum
all
•On
8-24
9-10
t75c
—
S.:Casualty, 4% non-cum. class A
USilted States Freight Co.; (interim)——
S.
99-
9-15
profit after deprec.
•Earns,
8-18
9-10
25c
.—
U.
U.
closed
3 Mos. End. June 30—
Federal
—
United N. J. RR. & Canal
U. S.
9-20
10-
cumulative
8-20
5
9-15
37V2C
$1.12V2
$1.12V2
t5c
50c
Woolsey,
been
elected
been
(Del.)—
preferred (quar.)-.
Ufi'S.
8-31
8-31
40c
(quar.)——
preferred
5%
9-
E.
1
Corp.—Earnings-
Note—Estimated
(quar.) 4
5%
9-10
9-15
Manufacturers—
&
9-
and has
service
the Fund expects to
Rome Cable
Aug. 31, 1945.
(monthly)
6.36%
prior preferred (monthly)—
6%
prior preferred (monthly)
Merchants
8-31
9-15
Invesfmenl News
and
7%' prior preferred
United
$1.75
8-31
(Continued from page 992)
Net
——----
Railways
8-31
9-15
8-31
9-15
1
30c
Fuel Investments, Ltd.—
class A preferred (quar.)
Uqited
(quas.)
(quar.)
General
of Westvaco
at the market
(quar.)-—
Cos.^———
Coal
10-15
9-15
the 5V2%
on
1945
1
,
30c
Corp.
on
10-31
Lof
Vp^, a
a
Sidney B. Becker, who in 1942 resigned as
Treasurer
Schenley Distillers Corp. to enter the Army, has returned from mirn
4
25c
——
stock
Products
Chlorine
United
Co.
income
not
4
99-
25c
(quar.)—
common
(quar.)
>«■.*£ value of said stock
declared
Col.
Lt.
•Before
9-
1
10-
$2
30c
—
Inc
common
Jamaica
8-20
9-10
10-
$1.50
4%
Union
United
also
'
(initial)
RR.,
directors
$1.50
$1.12/2
11-
$1
share
per
9-20
of California—
Pacific
(quar.)
com.
Coke Co
books
9-14
Union
Ks
30%
9-14*
Union
!!---———
Bag & Paper Corp—i
Union
The
Income Statement for
1
A
1 ai Pre-
by lot from stockholdin
Sept. 1 for redemption on Oct 1 it
dividends of $1.37J/2 per share
share. ;
per
of $1.37Va
9-20
10-
Corporation
Mcf..COm'
called
t
11-
fPayable In U. S. funds, less 15% Canadian non-residents' tax.
^Payable in Canadian funds, tax deductible at the source. Non«
resident tax, 15%; resident tax, 1%.
a Less British Income tax. •
8-31
9-15
$1.12 Va
—.—.
&
•Transfer
1
$1.75
preferred
—
Wire
&
Steel Door
Coal
Less
x
4
8-31
10-
City Rapid Transit, 7% pfd.v (accum.)
Two South La Salle Street Corp. (quar.)
$3.75
Co
Curry
Spring
A.)
be
accumulated
$106.37 Me
of
5
50c
—
Twin
Underwood
&
plus
share
will
redeemed
8-30
$1.37 Va
(quar.)
(L.
Youngstown
9-5
9-15
25c
$1.25
■
preferred
prior
$4.50
Park
be
(Consol.)—
Co.
Yosemite
$4
(quar.)
preferred
conv.
Cab
th
Sinn
payable on Oct. 1 to stockholders of record Sept. 25.
(accum.)
9-15
25c
(quar.)
common
(quar.)
A
cumulative
dividend
common
3
Twentieth Century-Fox Film Corp.—
Common
Checker
&
Class
5V2%
1/;fifi'fii':''fi;/
,
10-15
(quar.)—
7
50c
(quar.)
Universal Insurance Co.
Trion Co., common (quar.)—
5%
—
preferred (quar.)
Co.,
9-
$65VaC
Williams
Trinity
Machine
10-
*25c
—-
Ltd., 5Vt% pfd. (quar.)_
Steel Forging (quar.)„
Elevators.
Transue
12-30
f
10-15
Common
Co., Ltd.—
Tobacco Securities Trust
total
to
Shares
$1
Manufacturing Co.
Towne
—
per
8-31
15c
25c
9-15
11-
8-29
9-10
——
$1.75
62 Vac
Incorp.. $2.50 prior prei. (quar.)—
Shovel Co., 7% preferred (quar.)
Textron
9-12
'
,
11-15
(quar.)
Co.
Governor
record at the close of business
9-15
preferred (quar.)_Industries, Inc
Woodward
9-10
lerred
1
Woodall
4*
9-
pfd. (quar.)_
6%
Pr. 4Va% pfd. (quar.)
Wisconsin Power & Light 7% pfd. (quar.)—
8-27
9-15
9-24
t$2.50
————
Power,
1
—
pfd—
non-cum.
—
—
Wisconsin
-
5%
Co.,
c
ot
redeem 20,000 shares
of
140,614 shares of
9-15
J0c
(quar.)
Inc.
Products,
Winnipeg
pany's outstanding
stock. 1
< 1
voted to
8-27
10-
Winsted Hosiery Co., common (quar.)——
V
1
Aug. 28
on
1
25c
Oil & Gas Co
(H. F.)
Willson
8-24 '
J5C
Co, (quar.)
Co. —i
Motor
Wilcox
9-15
•30c
—-
Telephone Bond & Share—
•>
1st preferred (accum)———
Tennessee Corp. ———
Texas' Company (quar.),...
Texas Gulf Sulphur Co. (quar.)-;
Texon Oil & Land COi--'i
——-—
Thew
10- 1
fi 10- 1
10c
,,
Tecumseh Products Co.-—
1
9-17
$1.25
(quar.)
1 James),
Talcott
1
directors
The
.
Paper
.
11-
(quar.)
Instrument
Electric
Weston
Schenley Distillers Corp.—To Redeem
20,000 Sham*
Preferred Stock—New Vice-President Elected—
9-10
10-
25c
40c
* ?L2o
'
9-
9-15
o|1
(quar.)_.
8-15
9-15
25c
(quar.)
Inc.
» Westmoreland,
;
9-15
9-29
50C
Air
of Rec.
Payable
Share
Brake—
Westinghouse
7-28
...11-15
.
9-29
50c
'
Holiert
When
Per
•
Name of Company
9-20
1
50c
,
:
:
of Rec.
1
-
iquar.j..-——-
byivanue
:
Holdert
When
Per
.L,i o
Monday, September 3,
1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
1028
to
price, toP ^erein aS
fractional interest
wfirupon the exer / -^
st0Ck
"rants
(both
the
70;000
warrants
attached to, the pie
d ptocic
and the 25,000 warrants being, sold separately to the pr .
g price
underwriters) and the payment' to the company of tne.p
to
possible
cover
sUch
scrip
shall
be
of
of the
with'respect to
adjustments
certificates
required.
The
shares
are
purchase
:
_
issuable
$12.25
Underwriters—The
names
of
the
underwriters
^
respect!vo
and shares of preferred stock and warrants to
of debentures
number
Je
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4417
162
Volume
lng
Pfd.
$250,000
Securities Co.
First
1
B.
32
1,000
125
1,000
Co.Smith &
&
McAlister,
jpeabody,
Inc
«Sidlo, Simons, Roberts
^Stirling,
Current
& Co
—
—
1,000
Other
1
'
1,000
125,000
2,500
panies
;
had
been
in
existence
and
doing
Both
business
of
for
stores
11%
consisted
of
the
the average maturity,
$245;
19%
of
all
ortgages,
ousehold
transactions
of
lass
hares of
(b)
and
debentures;
of
(e)
motor
31,
its
of
retention
the
cumulative
issue of
preferred
stock,
and
and
sale
(f)
of
has
(a)
shares
the
of
debentures
Cum.
pfd.
70,000
authorized
Authorized
—
stock
ex-
of
shares
the
Common stock
"Series A,
;shnre
per
(par
par)„
$1)—t2,000,000
entitled to
annum,
cumulative dividends
payable
quarterly.
reserved for
of
95,000
$1.50
National
Bank,
Savings
New
York,
and
Bank
Association, Los Angeles,
of
are
,:=
..Summary of Earnings
,
<.
-
-B Mos. End.
.
stock
are
National
'-.v
Calif,
-
Chase
Trust
A
■:.
.
,
i.
Gross
of
loans
before
'interest-
$863,396 ' $1,048,428
277,167 // ,319,991
Jan.
313,756
11.911.344
'
1943
303,202
282,152
$296,341
,
13,586,646
13,274,934
$1,773,051
140,762
$2,780,474
Dr223,694
State
warrants
the
financing,
from
company
the
the
parent company
Such proceeds will b*
used:
writers.
(1)
of
To retire two classes of
preferred
company as follows:
41,834 shares preferred
•per
$33
$2
to
and
sale
of
$1,913,812
$2,556,780
$3,393,063
t440,300
$206,900
736,559
the
cumul.
$1,706,912
$1,820,221
preferred
per
$2
the
$2,500
common
cumul.
div.
to
stock
preferred stock
stock
800,000
800,000
$1,191,705
$906,912
$1,020,221
1,000,000
1,000,000
1,000,000
share——
$2.12
$1.70
$1.82
$2.54
per
deposits
banks
in
cash
and
at
oper.:
&
$5,221,253
mainte-
expense
oper.
hold
%
,
stock
income
3,720,671
214,550
10,702,753
434,009
26,997
$7,155,583
com.
each
this
standing,
Dec.
54,814
Total
operating
52,
Commercial
200,409
Admin.
a
1^4,000
•
$1,986,747
$7,210,397
of
2,036
23,655
where
commencing the fifth year with
Eleven
participated
in
banks
the
York Trust Co.
Besides the
the New
as of
$64,500,000
Dec. 31,
1944, had
in
loan.
100,163
98,919
>417,481
.
•
2475.
1,473,055
5,326,528
18,639,583
•
1942
141,006,688 107,775,42L
66,821,935
43,743,^2q
19,154,700
Week End. Aug. 21
1945
1944
20,431,348
20,749,391
Jan. 1 to Aug. 21 §
1945
■
1944 T»
$
$
$
4.996,316
6.799.125
220.032.782
220.589.781
883.
p.
'
' ; ,'I " V
;
1945—3 Mos.—1944
1945—12 Mos.- -1944
V-f
159,840,752
144,176,127
expenses
25,673,781
22,830,667
99,011,811
90,603,853
23,554,343
income
and
taxes-..
7,909,774
income
(net)—.
30,213,620
2,874,931
11,144,447
10,742,474
4,905,256
income——
6,751,086
3,104,462
oper.
Other
•
37,197,745
taxes
Net
'
41,593,273
profits
excess
$ $
"
revenues
"Federal
Other'
4,741,061
19,470,874
19,275,455
Dr67,145
income
Interest
Net
Drl00,727
Dr439,220
Dr457,862
4,640,334
.
19,031,654
18,817,593
2,789,883
2,856,151
19,839
55,224
deductions
Crl47,299
Cr532,653
$526,295
$540,196
$1,920,160
&
$0.97
$1.00
$3.54
.
provides for various
an
interest
average
V
-
,.;
.
3'/4s;
taxes
Amort,
of
230,331
789,207
1,342,186
3,324,409
3,026,697
641,397
590,537
2,402,617
2,359,950
827,307
753,266
//:.■/•/'
5,446,600
4,198,720
3,230,722
3,052,457
19,626,800
15,545,000
6,839,741
6,445,420
1,742,054
„——
deprec
acquisition
,
•
•
1,634,603
2,057,371
1,965,000
8,045,533
910,717
8,555,737
-
!-
—
-
p.
883.
m!I<
-
of
first mortgage bonds, 3Vs%
offered Aug. 29 by Kidder, Peabody
$1,550,000
1975,
was
the
for
100.2699
•
'
•
following
Co.,
•
Company, 100.66 for
bids for $1,015,000
100.77
for
'
of
the
entitle
Co.
such
of
Co,
the
to
of
record
161,180
to
holders
purchase
common
stock
holders
'
Co.,
' >
;
share
of
13,
Aug.
of
(CWT)
common
Stock
common
shares
stock
The
Inc.,
•-"'•
hrii
stock
of
war¬
stock
$9.50
at
Aug. 30, 1945.
on
of
Southwestern
stock
held.
*
South¬
transferable
common
common
Southwestern
Nov.
1.
Prin.
Bank of Dallas
America
as
at
and
thereof
stock;
&
In
for
order
Such
Public
each
to
four
exercise
deliver
them
to Boatmen's
National Bank of St. Louis prior to 3 p.m. (CWT) Aug. 30,
1945./:%%
Bonds dated May 1, 1945, due May 1, 1975.
Interest payable May^l
and
warrants,
of
one
of
also
company
\i'b't
Common
to and including 3 p.m.
up
■
to
holders
to
Service
subscribe
warrants
Service
shares
issued
Public
to
share,
Pierce
'•:•••;'•
.
has
The
preferred
Rights
Subscription
rants
of
4.80%.
^
per
3V4s.
Rauscher,
4.40%;
must
int. payable
at the office of Republic National
(Texas), trustee, in such coin or currency of the U. S.
the time
of payment
pf
is legal tender for the payment: of
261,805
$3,593,815
240,297
$3,617,087 $14,608,348 $14,050,428
197,397
736,146
533,876
gradually each year to the principal amount at maturity May 1, 1957.
Transfer
agent for the 10,150 shares 4.40% cumulative preferred
stock is Mercantile National Bank at Dallas, Texas.
Preferred stock
$3,834,112
adjustments
and private debts.
Coupon bonds in denomination of $1,000,
registerable as to principal only. Bonds subject to redemption at 105%
if redeemed prior to April 30, 1946, and thereafter at prices declining
$3,814,484 $15,344,494 $14,584,304
entitled,
public
,
65,451
-
261,805
65,451
'
-
•
Net
Net
oper.
revenue
revenue-
non-oper,
&
income
1,197,715
other deductions
1,200,143
4,800,626
4,899,151
income
Common
$2,636,397
_
„
dividends
dividends
$2,614,341 $10,543,868
1,256,316
—
1,256,355
1,193,739
__
5,024,679
4,773,111
1,193,623
$9,685,153
dividends,
1
subject
before any
when and
and
Nov.
1,
dividends on the common stock, to cumulative
declared, payable quarterly on Feb. 1, May 1,
cumulative from Aug. 1, 1945.
Preferred sfock
as
to redemption at the option of the company at $107 per share
on or before Dec. 31, 1955, and at $105 per share there¬
redeemed
5,023,411
if
4,773,089
after,
together in each case with accrued dividends to the
redemption
date.
Balance
$186,342
$164,358
$0.43
—
$0.43
Earns, per com. share.
—V.i 161. P. 2666.
$746,078
$1.72
$1.46
the 161,180 shares of common stock is Mer¬
at Dallas, Texas.
' V;
transfer agent for
The
Dr$lll,347
cantile
National
Bank
Company—Company was incorporated April 14, 1945 in Texas. Com¬
is to acquire from Southwestern Public Service Co. electric
properties serving two groups of communities in the East Central
portion of the State of Texas.
It will also concurrently acquire from
the company ice properties serving certain communities in these groups.
The electric properties consist of facilities for the production, transmis¬
sion and distribution of electric energy
and the ice properties com¬
pany
Southern Canada Power
Gross
Operating and
1945—10 Mos—1944
depr.
99,339
1,004,227
55,308
753,042
581,163
119,498
117,145
1,203,543
1,184,649
%$284,495
.
maint—
and
$2,974,435
109,079
—
$268,064
58,770
earnings
Taxes
Int.,
Co., Ltd.- -Earnings—
1945—Month—1944
Period End. July 31—
divs.—
$2,694,008
954,786
prise
In
facilities for the manufacturing and sale of ice.
' • «
the company is to concurrently acquire from the com¬
addition,
certain other assets related or applicable to the two groups, of
properties, Including current assets other than cash, and will assume
pany
'
debentures outstanding, the company,
4,117,500
profits tax credit of 10%.—V. 162,
excess
•
Milwaukee
The
received
Milwaukee
western
1945—12 Mos.—1944
233,838
864,825
—
--—
Ltd.—Earnings-
1945—3 Mos.—1944
•
issue
Company
$16,848,923 $15,706,560 $66,094,930 $61,637,663
1,376,265
1,862,258
6,412,769
7,429,452
;
Company on Aug. 24 received the following bids for $1,500,000 -of
first mortgage bonds due May 1, 1975; Kidder, Peabody & Co., 101.147
for S'/es; Rauscher, Pierce & Co., Inc.
(Dallas, Texas), 102.0899 for
period
on 542,818 shares of common stock now out¬
giving effect to the 100% stock dividend issued
162, p. 609.
■
16,241,771 s115,961,442
15,555,000^16,470,000
& Co.
The bonds are priced at 102 % and interest from
May 1, 1945. The Milwaukee Co. also on Aug. 29 offered
10,150 shares of 4.40% cumulative preferred stock (par
$100) at $103 per share and dividend.
,
$4.05
expense
gen.
3,932,001.
4,117,500
>■
series due
$2,200,005
share
—
708,333
4,177,070
Southwestern Electric Service Co.—Securities Offered
Cr262,857
expense—
661,041
income.
"After deduction of
107,988
Crl43,215
revenue
4,838,111
Dividends
5,771,285
19,347
expense—
Provision for
Net
additional $50,000,000 of 25-year 3%. smk-
1943
155,986,130 150,836,179
61,181,230
61,122,430
:
income—
.
162.
Aug.
York
.
1944
$
455,066
1,432,153
expense
(net)
Int.
City and 11 banks else¬
The banking credit was
arranged by
>
of 27/a %
an
New
-Earnings—
railway
railway.
oper.
Operating
Operating
>17,694
•
the
1.72%.
.
Southwestern Bell Telephone Co.—Earnings—
$8,289,184
4,807
Federal taxes on income
3,759,571
$64,500,000 - outstanding 18-year 2%% sinking fund de¬
due July l,
1955, have been called for redemption on Nov. 1,
next, at 104V2 and
interest. ' Payment Will be made-at the Chase
Na¬
tional Bank of
the City of New
York, trustee, 11 Broad St., New
York, N. Y.
The funds for this
redemption will be obtained from a
XiP00,000 bank loan and from treasury cash. ••
The
and
w,l.'"vr
Y
Period End. June 30—
107,870
$1,939,551
-
;
expense
Distribution
at
bentures,
years
!
earnings
—v.
40,575
9,983 '
•
Southern California Edison Co.,
under¬
Oil Co., Inc.—Calls 2%% Debentures
••
^
H
10
■
1942
$
Gross
pur¬
—Secures Large Bank Loan—
cost
ry.
Period—
after
1944.—V.
4,
Preferred
of
1943
291,464,128 287,041,974 267,389,049 190,909,185
88,260,739
89,733,019 108,070,666
70,969;770
21,742,514
23,074,955
37,700,951
35,215,789
from
from
Net
$8,248,608
—
per
Gross
term
\
'
1944
$42,565,084 $42,185,909 $41,569,162 $32,052,292
12,922,153
13,755,111
15,995,822
13,405,306
2,737,676
3,523,217
4,472,991
6,252,265
1945
Net
1,827,701
$1,976,764
tax
"Based in
Transmission
Setay Co., Inc. (N.
Y.)—Proposed Merger—
Consolidated Film industries,
Inc., above.—V. 158, p.
a
Co.—Earnings—
from
•
28,660
refund
a
bank credit is for
annual payments
11
1945
870,479
See
of
interest
'
from
Gross
10,158,971
790,695
1,751,711
109,125
taxes
income
Net
be
Water Service Co. and
Federal Water &
Gas Corp. to comply with
Section 11 (B) (2) of the
Public
All
accrued
Simpson, Treasurer,
York 6, N. ,Y*
New
1945—12 Mos.—1944
441,679
profits tax.
income
■"Earns,
Scranton-Spring Brook, Pennsylvania
Socony-Vacuum
and
A.
From Jan. 1—
$1,928,877
-
Income
excess
Post-war
hearing on Sept. 13 on a recapitalization
filed by the
plan
committee for preferred
stockholders:-The plan is devised
to
p.
146.
p.
98%
to J.
Broadway,
,
10,675
Federal
Fed.
State
Brook Water Service Co.—Plan
Filed
Utility Holding Company Act.—V.
162,
than
165
the bonds,
all of the'
railway.—_ $20,429,506 $21,621,716 $20,336,963 $17,899,775
Net from railway
6,547,231
8,453,558
9,458,113
8,232',959.
Net ry^ oper. income—
2,227,103
2,588,740
3,083,062
2,769:765)
cn
169,447
-
deductions
Other
enable
price of less
a
•>?; .('
.
July—
$5,372,991 $20,509,866 $21,213,629
2,652,591
—
revenue
income
Gross
$30
by approximately.
will
stating
from
Gross
(& Subs.)—Earnings-
1945—3 Mos.—1944
revenue—
Income
.
share—'.
Scranton-Spring
bid
railway
railway
Net ry. oper. income
—V. 162, p. 883.
$1,795,686
902,375
period End; June 30—
(2) To retire loans
from certain officers and
directors
(3) To reduce secured
bank loans
The SEC
subject to he approval of the Inter¬
are
750,000
stock outstdg.
cap.
Other
$1,255,020
conv.
T
O
$2,545,686
721,900
Production
div.
bonds
from
Gross
847,377
$1,913,605
oper.
$395,161
•
stock of the Eastern
share
6,073 shares
No
161,
Net
profit
Net
outstanding common stock
purchase warrants of Seaboard
Finance Corp. (Eastern
be sold to such holders
company)," to
for cash plus their
said warrants, the
parent
company will receive an. aggregate of
approximately $5,349,000 (after
allowing for the
of
these
Commission.
railway
Net from railway
Net rv. oper. income
in¬
taxes
nance
charges on the deben¬
amount to
$150,000 and the annual dividend
requirements
the preferred, stock
will be $105,000,
aggregating in all $255,000.
Purpose—From the issue and sale of
$3,Q00,000 of debentures and
70,000 shares of preferred stock to
the
underwriters, of 40,000 shares
of its common
stock to selected
employees, and of 27,978 shares of
its common stock to
the holders of the
chase
Commerce
From Jan. 1—
income
and
Total
tures will
expenses
Bonds-
on
addition, the company proposes to issue $25,000,000
which will be sold to the Southern Pacific Co.
Issu¬
of
July—
$3,176,605
216,458
$2,353,904
exp.
Depreciation
expense—
Oper. taxes & licensesOperating rents (net)—
on
by the parent
sale
2117,
Net
income
$283,027
$370,271
should be noted that the
annual interest
1
on
In
bonds,
state
1942
$2,480,146
Drl26,242
—
Total
$956,551
-
received
1996.
D
and
series.
12.187,425
Southeastern Grayhound Lines
$640,631
245,470
$728,437
7
358,166
April
on
issued as of Sept.
1.
The proceeds'
1, the company's outstanding $16,000%'
April 1, 1966, and $8,000,000 of 3JA%*
1968.
Both issues will be called at 105.—
due
Southern Pacific
period End. June 30—
315,920
$578,493
provisions-—.-—
It
1,
series
ance
—An
Net before taxesTax
$892,249
$586,229
paid—
due
be
Oct.
on
162, p. 818.
Total
income——1—1—
Interest
will
redeem,
debentures
Bids may be submitted for
one, two or all three series of
but no bids will be accepted unless bids are
accepted for
1944
-
Net
to
.
May 31;'45 >•
$22,883,546 $27,414,654 $21,694,468
$16,212,496
2,230,563 ; 2,746,795
2,509,290
2,696,398
Prov. for credit
losses1 126,583
'240,446
218,252
Other
314,587
expenses———— 1 1,240,584
1,457,921
1,398,789 >1,425,260
Volume
$7,931,418
V. 161. P. 1469.
;
—-Years Ended Sept. 30
••• 1944
-.0
1943
1942
•
$9,967,969
income
Los
America
2,723,259
Liabilities—Accounts payable, $1,228,269; accrued Federal and State
taxes, $847,199; other taxes accrued, $348,236; miscellaneous
accruals, $54,202; customers' deposits, $21,650; annuities and claims
due- within one year, $99,426; annuities and claims due after one
year,
$774,276; reserves for replacement of depleted inventories of crude oil
and
other
contingencies arising from the war, $1,335,085; reserves
for future supplemental compensation 'of employees other than man¬
agement directors, $264,668; reserve for self-insurance, workmen's com¬
pensation, $50,000; other reserves, $62,413; deferred credits, $26,334;
capital stock (par $25), $25,000,000; surplus, $12,075,219; capital stock
in treasury, at cost (97,625 shares),
Dr$4,533,904; total, $37,653,071.—
per
&
common
is
company is inviting bids up to 12 noon eastern war time ion
11, 1945, for the purchase of $125,000,000 first mortgage bonds.
The bonds, all to be dated July
1, 1945, would be divided into $25,-'
000,000 series A bonds, maturing Jan. 1, 1961; $50,000,000 series;' B'
bonds, maturing Jan. 1, 1986, and $50,000,000 series C bonds, maturing
hand, $4,909,492;'
U. S. Government and State Government securities including $109,653
pledged as security for taxes and claims, at cost or amortized cost
($8,382,436
at
market quotations),
$8,226,153; accounts receivable,
$1,338,417; inventories, $2,144,054; other receivables, $278,514; invest¬
ments (net), $6,016,351; fixed assets (after reserves for depreciation,
depletion and amortization of $97,141,909), $13,702,080; construction
work
in
progress,' $440,291; prepaid expenses and deferred charges,
$597,719; total, $37,653,071.
Savings Trust
stock are Guaranty Bank, Co.,
the
issue
Sept.
Consolidated Balance Sheet, June 30, 1945
\
York, and Security First National
Trust
Angeles, Calif,
The
registrars
for
5,166,034
—
1945
deprec.,
taxes, etc.-
Assets—Demand
issuance1 upon the exercise of
warrants.
transfer, agent for the
preferred stock is Bank of the Man¬
hattan Company and
the registrar is The Chase National
Bank of the
City of New York.
;
New
new
The
1,050,924
$No provision necessary for Federal excess profits tax.
creation
shares
Commission. The
$14,391,490 $13,960,476 $16,367,120 $16,451,539
Earnings
of
The
BThe transfer agents for the common
debentures
Southern Ry.-
594,911 shs.
rate
which
883,
p.
ohf.«
Co.—Earnings—
Surplus
Shs.
"70.000 shs.
shs.
the
at
tOf
•
:
162,
1
888,000
1,210,578
reserves
Dividends
$3,000,000
400.000 shs.
above.—V.
Southern Pacific Ml.—Asks Bids
„„
$3,269,235
82,500
and
inc., less other
Net
its
Outstanding
$6,000,000
(no
debt_
outstanding
>
%"10-year sinking fund subordinated
$3,508,857
expenses,
come
balance
Co.
—V.
Federal
on
10-year sinking fund subordinated
issue
1—
—
„1———
Total
authorized the issue and sale of
97,606
by the company; (d) authorized
the
—
liabilities
Profit
95,000 common stock purchase
warrants, of which an
aggregate of 70,000 are to be
attached to the preferred stock and
25,000 are to be sold to the
preferred stock underwriters.
After giving effect to the
above changes, capitalization of
the com¬
pany will be as follows: •
A
5
$7,931,418
—V.
sales
Other
chattel
by
Utilities
used
of 3 >4%
000
Gross
was
contracts
company
for 2,436
stock
the
Public
new
will be
Approximately
secured
were
title
1945,
all
$3,000,000 5%
authorized
The
1,854,936
$9,967,969
_
depletion,
vehicles.
common
(c)
44
$5,001,123
1,075,359
—
contracts
small loans,
year
*
•
1945,
for the
25,
Aug.
being sold privately to insurance companies and baftk£
through Chas. W. Scranton & Co. of New Haven.
sales
during the
Gas
will be accepted. All bids must be addressed
Southern Pacific RR., Suite
Net
size of all of the
average
&
6 Mos. End. June 30—
com¬
stock to be offered
sale of
A
an
of
other
or
redeemed
its class A stock;
hares of common
he issue
series
May
shares
stock;
The
term
purchased
unsecured, 32%
conditional sales
goods, and 49% on
4,872
A
retail
approximately 10 months.
were
Capitalization—Since
hanged
of
purchase
furniture and automobile dealers.
made and term sales contracts
loans
45 Dec. 31,
1,224,274
2,173,033
South Penn Oil
of the dollar
fvolume of Seaboard's business consisted of the making of
and
Consolidated Electric
necticut
$6,570,662
liabilities
Cost,
During the fiscal year ended Sept. 30, 1944, about 89%
ended
compared with 2,121,000 kwh.
a decrease of 3.0%'.—V. 162, p. 883. Vh,N
J1 r'r
as
(Including Wholly-Owned Subsidiary, South Penn Natural Gas Co.)
prior to 1943.
from
$0,73
Sheet
during the last six months.—V. 162, p. 882.
Co.
number
week
—
Allerton F. Books, President, announced
Aug. 17 plans for a $25,000,000 refunding issue of 2%%.
35-year debentures, subject to the approval of the Conr
The 54,000 shares of preferred stock and the
342,727 shares of com¬
stock outstanding on July 20, 1945, were owned by 1,466 share¬
holders.
The number of owners of Signode stock has increased
by 73%
among
these
a
the
Southern New England Telephone Co.—To Sell Bonds
mon
and
Finance
jyears
Balance
-
Total
Company was organized in December, 1943, for! the
purpose of acquir¬
control of Seaboard Finance Corp. and Seaboard
principal, subsidiaries.
kwh.,
for
1,214,557
125
20,000
ing
two
$1.36
res
Capital stock and surplus
.
purchasing retail term sales contracts originating with furniture
and automobile dealers.
It is
approximately the fifth in size
[the small loan companies in this country.
its
special
Comparative
June 30,
Long, term
125
borrowers,
now
$5.91
assets
Current
.
50,000
Co.—Weekly Outputs
this company
Liabilities—
—_
125
1,000
50,000
|
California,
bef.
assets
Total
500
Business—Company and its subsidiaries are engaged in the
personal
business, making small loans to individual
of
$9.66
'
50,000
—
2,058,000
debentures
4,000
finance
|
share
com.
assets
Other
50,000
Inc—
—J—J———
H. P. Wood & Co
per
Fixed
25,000
——_
Co.,
$319,151
res
Assets—
AAA
50,000
Morris & Bousman——
&
895,406
$532,338
See
(After giving effect to retirement of all $30
par Preference Stock)
50,000
Co.,
Williams
1,386.904
Condensed
,—
150,000
Inc.—_—'
output of
Southern Natural Gas Co.—Acquisition—
1?44
$5,804,785
100,000
.
Tyner & Co., Inc
&
«Pitman
1945
$9,052,990
1,919,242
75,000
—T
Pate,
Earned
188
125
25,000
—■—
Southern Colorado Power
Electric
Privately
2,063
1,500
Months Ended June 30—
Earnings before special reserves
Earned per pfd. share bef.
special
125
16,500
ETA
funded
its
502.
p.
Reserve for Federal taxes
50,000
100,000
Space & Co. Inc,
Johnson, Lane,
T.
250
100,000
;
162,
and operating revenues—
Earns., bef. Fed. taxes and special reserves:
100,000
Kirchofer & Arnold, Inc.————
C.
1,750
—
of
totaled
Sales
& Lunt—————
Hamlin
Loewi
6
125
219
I
1,000
of
Goodwyn & Olds
Grimm & Co
313
125,000
Chicago
CO.-—.—-
&
Gibson
C.
W.
—
125,000
Schoellkopf & Co.——...a
remainder
>.
1,000
100,000
Durand & Co.——-——
a
G. Edwards & Sons——
The
Signode Steel Strapping Co.—Earnings—
50,000
25,000
200,000
r_
1964.
•
corresponding week last year,
7,500
2,500
25,000
—
Crowell, Weedon & Co.Doolittle,
-
1,
10,810
250,000
Co._—
&
Courts
'J.—
July
two small items of purchase -obligations
agencies of the U. S. Government under construc¬
contracts.—V.
'
200,000
Torrey-—>——
&
Cohu
tion
8,000
due
that time,
advances from
8,500
500,000
Noel & Co..——
Lemon & ^o-«--——
Auchincloss, Parker & Redpath——
Barrett & Co
j, c. Bradford & Co——
C. Brashears & Co.™————
C, f. Cassell & Co._——
F w. Clucas & Co
Alstyne,
at
and
Warrants
Shares
Johnston,
debentures
comprised,
No. of
'
Debentures
Van
fund
debt
purchased by each are as follows:/
1029
•Deficit——
—
♦Surplus.—V. 162, p.
--
$2,852
502./,
.
"$13,623
$3,728
'.i.irlu-
; •'
j ? ;•
;'i
$26,590
certain
4
t.
i,/
liabilities,
'
including current and accrued liabilities and c6n-
«•••.;vf ,i
;•
.....
•/-
t
'1
I
>
(•'<
■<
5
4
proceeds to be received
sale of the securities to be issued by it.
table shows the net
,purpose—The following
the
bonds, 3 Ve%
by the company from
'
mortgage
First
>
follows:
such proceeds as
will apply
Company
,
.
.
$4,061,804 will be paid in cash to Southwestern Public Service
in full payment of' the purchase price of the properties; and
(1)
Co.
amounting to $60,000 will
cash working capital.
■?'K Proceeds of the common stock are based on subscription for all
of the 161,180 shares of common stock at $9.50 per share and will
be increased to the extent that any shares are not so subscribed for
and purchased by the underwriter of the common stock, but any
such
increase will increase
accordingly the amount to be paid as
I' the purchase price of the properties to be acquired by the company.
(2) The remainder of such net; proceeds,
be retained by the company as its initial
■t
:
'
/
Outstanding
Authorized
$1,550,000
*
10,150 shs.
17,000 shs.
161,180 shs.
228,000 shs.
•Bonds may be issued in one or more series, subject to restrictions
to be contained in the indenture to be dated May 1, 1945, between
the company and Republic National Bank of Dallas, Texas, as trustee.
bonds, 3Va7c ser. due 1975—
4.40% cum. preferred stock (par $100)
Common stock (par $1)
.—-
u
31
'45
Feb. 28, '45
1944
$1,128,072
$539,227
$1,083,752
$959,238
689,392
329,118
667,335
retirements—
78,327
69,620
Prov.
74,648
Net
income——
$129,526
$272,149
$229,031
£>r_
1,439
876
1,208
722
Fed.
taxes-
Operating
income
(net)
Net
$128,651
$270,941
54,175
27,361
53,396
—V.
162,
p.
$221,871
$101,290
$217,545
44,660
22,330
44,660
44,660
and
$130,216
$172,885
$78,960
$177,211
—:
Wis.
1945—6 Mos.—1944
$5,563,702 $4,622,407
>
.
Sells Bonds—
152, p. 276.
Federal
$3,341,527
71,575
69,362
approp.-
70,000
83,333
revenues-
$481,200
$280,955
$4,946,612
4,578
4,440
52,676
40,120
$485,778
$285,395
$4,999,288
$3,381,647
280,165
153,456
2,929,926
July—
Net
$108,275
Net
res.
oper.
(net)
income
income
etc.,
charges—
502,127
Divs.
*$537,697
aipplic.
—V.
$131,939
$205,603
Net income
.
1942
Net ry.
income
oper.
from
Net
from
Net
ry.
stock
pfd.
to
—
$2,069,362
1942
$174,536
$155,327
$173,675
54,467
61,309
95,104
20,329
375,678
T—V.
income..
162,
609.
p.
i
23,143
27,660
,
754,688
of
603,034
323,563
out
f
business.—V.
of
179,983
the
the
share
1942
1,059,820
$5,486,604
969,116
$7,274,936
979,415
$7,947,156
967,106
950,460
1,014,165
1,064,368
$3,483,158
■■
Other income
■?
Profit
■
H
;
$3,503,523
73,692
$5,231,153
38,223
$6,136,541
50,307
f
-
$3,577,215
104,579
$3,533,465
—
Interest
_________
4,082
fund__—_
retire.
Other
deductions
'
$6,174,434
$5,269,376
75,384
{
—
125,000
2,545,995
2,546,607
3,913,191
5,281,107
125,000
Wartime & post-war adj.
Net
profit
$922,870
$920,854
dividends
421,484
421,360
dividends
Common
39,750
40,000
$767,322
$1,155,174
421,360
421,360
43,625
; 47,500
,
i.
•Includes $265,448 in 1945, $268,028 in 1944, $268,595 in 1943, and
$877,447 in 1942 for normal Federal income tax; $2,202,445, in 1945,
$2,439,564 in
eral
■"
■
excess
.
'
\'i'
and
as
a
completed
1
■
1944, $3,894,356 in 1943, and $3,241,790 in 1942 for Fed¬
profits tax; $78,102 in 1945, $82,971 in 1944, $139,676 in
$101,870 in 1942 for State income tax; also $1,060,000 in
reserve
against possible additional Federal taxes pending
legislation and in 1944 $243,956 and in 1943 $389,436 for
post-war refund of excess profits tax.
1943,
1942
HI
Interest
Prov.
<
t
Balance
v
interest,
$32,588;
it
Sheet/ June 30, 1945
trade
$303,420;
S.
U.
accounts
bonds,
war
receivable
for
(after
to
reserve
employees,
of
sale
$178,884),
claims arising from termination of war contracts, $93,619;
refund of Federal excess profits tax (estimated), $1,179,217;
inventories, $9,125,165; investments and other assets, $105,858; property, plant, and equipment (net), $2,385,348; goodwill, $1; patents, $1;
deferred charges, $244,507; total, $21,274,910.
$3,650,628;
^
post-war
H
ft-"-..;'
:
i
accounts payable, including provisions for rene¬
1944 and 1945, $3,966,838; payrolls and income
therefrom, $1,011,735; payroll taxes, $279,885; dividend
preferred stock, $18,769; accrued taxes and other expenses, $871,018;
gotiation
H
taxes
on
nr
years
withheld
Federal and State taxes on
?
income
(estimated), $4,834,135;
^r-time and post-war adjustments, $250,000;
rehabilitation
.iLff
:
for
of
:'"'A:
5;o
cumulative
stock
common
plants,
$250,000;
convertible
(par
$1),
for
reserve
preferred
$421,857;
stock
capital
for
reserve for post-war
contingencies, $60,546;
(par
$100),
surplus,
surplus, $7,299,207; total, $21,274,910.—V. 162,
,
reserves
$509,420;
earned
602.
p.
v
t
before
sales of
on
(A- E-) Staley Manufacturing Co. (& Subs.)—Earns.—
6 Mos. End. June 30—
I'
i"'*
Gross
.
•
earnings
1945
J944
$7,215,056
jq43
$6,428,105
$7,160,756
$6,251,308
1,809,556
SfVv—rf~:7-
1.932,450
2,360,138
1,906,326
369,526
440,770
(est.)__
;
*3,637,000
*2,538,000
*3,828,000
*3,226,770
SePre.c- & taxes
amortization
Fed. inc.
••
Net
profit
•Includes
to
surplus
excess
367,037
$1,278,569
profits
434,795 'f
$1,095,171
S
profits
.
'
$774,212
gross earnings were $3,724,553;
and excess
*1.043,447; depreciation, $192,312; Federal income
f
'
* * 3'
:
- ' 1
1
- •
'
'
'
t
•
161
p
19,147,720
7,731,808 "15,018,167
18,276,596
28,815.345
234,123
56,759
$3,410,169 : $4,389,485
$6,957,950
$8,450,18
$2.37
$2,9
$89,693
$84,398
$102,C66
deposits
2339
debt
of
,150,083
.
proportion
of
$102,422
cash,
accounts
(including $84,398, as above), $236,-
Federal
receivable,
Sheet, June 30, 1945
in
other
from
for
reserves
ry.
188,837
'
181,130
228,116
161,504
Net
Net
ry.
railway—
railway
from
—V.
3,151,104
2.755,608
1,552,215
1,845,000
1,586,953
1,486,392
1,374,809
stock
common
surplus,
276,490
1,464,7781
(par $5), $13,283,855; paid-in
6 Months Ended June 30—'
'
,
„
Provision
(Including Domestic Subsidiaries)
6 Mos. Ended June 30—
profit
Earns,
1945
$11,700,000
per
com.
share_
1944
1943
1942
$8,900,000 ($9,900,000
$1.17
$0.89
•After
$0.38
•After
provision for taxes and possible renegotiation adjustments,
tlncludes $4,850,000 profit on security transactions.—V. 162,
p. 503.
Operating
H
and
1945
*1944
$8,054,102
HIII
$7,473,479
6,151,186
of
first
mortgage
Operating
income
5,728,689
Gross
Interest
$1,902,915
way,
funded
of
Miscellaneous
taxes
HI
debt—.
discount
funded
on
debt-
debits
on
19,696
$1,920,694
income
on
$1,744,789
17,779
income—.
$1,764,485
155,046
306,922
6,954
New
York,
N.
Y.—V.
161, p.
.
All
964,189
erence
Net
income
•Revised.—V.
$504,218
161,
pp. 2376
SEC has
set Sept.
Co.—Stock
United States Leather
7,286
1,252,319
—
Sept. 25— Jication
a^?iiution ot j*E
$464,690
of
per share
and 2666.
Trust
the
outstanding
stock have
been
10,290 shares
called
for
ordered W
and accrued dividends.
Redemptio^
of 7%
uc^' '
Payment will peJ? v
Co., transfer agent, 16 Wall St.,
New
York, N. *•
'
*'
j
u.'
t 'W
1
MI
>,y*
1«"
,
cH?^la{iVnext,
redemption on
X
:: t
1962*
paym^1
2794.
Co.—Hearing
25 for a hearing on an
by the company proposing the liquidation and ai
subsidiary, American Light & Traction Co., as previ
the Commission.—V. 162, p. 610.
The
^go5.
^
L• J®*
filed
21,397
2,156
income
redemption on Oct.
and
United Light & Rys.
Non-operating
in
collateral trust bonds, 3 ,<r se
through operation of the sinking fund, at 100 and nue - ■
will be made at the Guaranty Trust Co., corporate trusi
,
(& Subs.)—Earnings—
taxes
$271,801
*
Corp.—Partial Redemption—
United Gas
000
'
revenue.
expenses
J
and $144,000
1945
.
.
The corporation has called for
Twin City Rapid Transit Co.
144,000
109<ow
$109,000 in
credit of
2667.
4
l.L04.ouu
taxes
the period (estimated)——-
post-war
V. 161, p.
1 934,243
7401.0°°
'
adjustments
post-war
Net profit for
' *
$3,800,000
$0.98
for
1944
1%5q^i
—1
•Prov. for est. Fed. inc. and excess profits
•Net
2376.
Corp.—Earnings—
Profit before Federal taxes
Transamerica Corp.—Earnings—
$100', $ - •.
surplus, $9,8Jo,Ju -
^$30,972,427; Total, $209,323,100.—V. 161, p.
United Drill & Tool
610.
p.
supply in oqcsoC
^
supply
off
472,125
1,244,506
income
oper.
162,
Federal income and excess v {#t
on sales contracts, $150,954.
wrtte.
conditions, $34,149,154; reserve 101 »'
for
tp post-war
e
tool ana
of
proportion of -excess expendable tool and
$2,726,761; 5%
cumulative preferred stock (par
107,670
2,978,003
.j*.
T
Federal taxes
sales adju
savings bonds ..(contra), $707,216; employees*
(contra), $2,421,860; accrued wages,. taxes,
war
140,575
income
oper.
$2,444,747; total,
insurance, etc.,
,
from
4>
:9flo.
,
Liabilities—Accounts' payable,
$24,098,443;
advances,
termination claims (contra), $122,698; employees
From Jan. 1—
Gross
retirement,
and
contractors'
transformation
272,966
such material is
$54,563,526; ^vestments
which
amortization
depreciation,
$12,568,451; deferred, charges,
$314,622
226,238
com
propori
323,100:
1942 *
1943
$353,955
upon a
or
$5,587,774: property and equipment (basic planishemergency
plant facilities, $25,504,940); total, $40,'-
292,159;
-Earnings—
1944
aeauc
material acquired'."
assets,
Toledo Peoria & Western RR.
$464,317
inventories, incua »
$155,428;
subcontractors, but after
of uncompleted
part of/.any mass of property with
mingled;< amounting to $31,461,112),
etc., $20,476,736f. provision
taxes, $44,430,592; Advances
,1945
,19
$4301,153
to
$977,370
(contra),
taxes
etc.,
advances,
of
held
railway
railway
30, 1945
June
payments by U. S. Government on account
(which ■ payments are secured by lien 011
allocated,-to performance of such contracts
1360.
from
Sheet,
Balance
employees'
payments
progress
,
payable to bank, matures Sept. 13, 1945,
payable, etc., $2,637; Federal capital stock, State
and city taxes, $5,453;. reserve for Federal income taxes, $67,508;
amount payable upon return of securities loaned to a broker, $90,000;
capital stock (65,883 shares no par),. $2,282,418; paid-in surplus, $1,141,209;
other capital surplus. $492,388;
earned surplus,
$267,455;
cost of ten shares of treasury stock, £>r$525; total, $4,848,543.—V. 161
Gross
expendable
excess
claim!
accounts
July-
f
refund. (Provision ftj
tool and supply mveij
post-war
and
credit
retirement
$1.53
$2,421,860;
Treasury tax notes, $60,884,500; accounts receivable, U. S. uov"•
ment, $19,283,860; other trade accounts receivable, $1.440,201; su /
$707,216;
Liabilities—Unsecured note
p.
rl
$1.16
Assets—Cash, ■ $49,142,839; cash, subcontractors' termination
(contra),
$122,698; cash,
employees'
war
savings bonds (c0""8.1,
sale of securities for the six months ended June 30,
$202,761; provision for Federal taxes, $50,595, leav¬
/.
and
loans
Consolidated
5,000
banks, $459,541; investments, at cost,
$4,375,322; dividends receivable, $11,881; accounts receivable, $1,373;
air travel deposit,, $425; furniture and fixtures, at nominal amount,
$1; total, $4,848,543.
Federal
taxes, $3,815,000; net profit, $673,794.—-V.
^
500
to
Balance
Amortization
$1,056,904
taxes.
exSXsiS6«iUnlieLalldid Jui?ei.3(>. 1945,
981,609
19,919,549
;
1942
'
)
1,484
,
Operating
ft!"
1,128,480
10,202,883
share-
per
7,542
profit
secur.—
profit on
amounted
2,611
6 Months Ended June 30—
-.1V-,
479,286
10,712,024
income
tories.
1.100,652
and
expenses,
bank
write-off
642,465
856,346
sell.
taxes-
on
•After
$128,123
13,159
12,931
4,169
$1,501,500;
Jv:11
■;'
Interest
375,907
550,326
605,538
income
prof,
exc.
1942
1943
1,405
taxes
Liabilities—-Trade
'i;'
•Federal
Earnings
$119,667
12,350
3,682
Fed.
inc.
The
Net
Assets—Cash, $4,154,559; U. S. savings notes, series C, at cost and
accrued
.
1944
$106,139
paid
for
1945
Net
•
deprec.
admin,
Net
10,873
$500,000;
Preferred
for
and
30, 1945, valuing
$100,358
Assets—Demand
income taxes—_
441,197
2,828,765
1,673,745
1,474,297 i
write-off
for
Engineering devel.,
;;....
income
1,006
for
State
662,374
&
losses
retirement
approximately $86.07
capital stock outstanding, before
be payable upon realization of the
242,191
1,276,088
332,821,621 421,444,094
172,652,463 283,952,196 359,192,742
143,267,376
rearrangement
Prov.
10,397
.210,293
166,880,569 205,376,937
tProv.
for Six Months Ended June 30
ing the net income for the period
H~629
"5476
516
postwar re¬
habilitation of plants
*Prov. for Federal and
if'.',"
A--4:
may
Statement
Income
563.
'
Prov.
as
Expenses
37,893
60,000
paid
Empl.
rt
._
taxes
S
to
transform,
for
post-war- conditions
of
appreciation of securities.
Net
Operating profit
';
486,027
—
sales
of
Plant
843,509
Admin. & gen. exps
i
such
for
deduction
shares
65,873
1945
1943
$5,493,438
profit
Selling & advtg. exps.—
income
Prov.
Inc.—Semi-Annual Report
value of the capital stock as of June
the
on
$
56,010
675,126
9,744
taxes
foreign
Total
Cost
8,741
asset
The net
Total
1944
1945
Gross
less
securities at market quotations, was $5,670,127, or
per
1945—6 Mos'.-1944
$
166,384,798 204,645,801 331,900,931 419,925,815
amortization
115, p. 545.
6 Mos. End. June 30—
Subs.)—Earnings-
1945—3 Mos.—1944
aeronautical
of
Other
amendment.
filed by
Tobacco and Allied Stocks,
Square D Co.—Earnings—
;;
,w:
mortgage.
the
Royalties and other income
from
licenses,
preferred and 150,000 common shares.
The conipany proposes to add its share of the proceeds to its general
fund.—V. 145, p. 783.
.
vv-f;
tl.y.
v
Stores Co., Inc.—Registers With SEC—
to be
remaining
-t,
pv
Co.—Plan Approved—
$
would receive the proceeds from the sale of 16.259
preferred shares, which are authorized but unissued, while
stockholders of the company would receive the proceeds from
certain
194,270
t
..
.
1,206,613
138,544
the SEC to approve a $900,000 payment to
Washington Water Power Co. on account of $1,942,000 of Spokane
first and general mortgage bonds held by Washington.
Spokane sold
all of its urban transportation properties to Spokane City Lines, Inc.,
on
July 7 for a base price of $850,000 and plans to liquidate and go
."VV'VA
1945
27
Aug.
on
of
Sales
company
383,714
The company has asked
it
stock is
the
of
Spokane United Railways Co.—To Liquidate—
lit:'
Sheet, June 30,
Balance
period. End. June 30—
has filed a registration statement with the SEC covering
25,000 shares of 4'/2% cumul. pref. stock, series A ($100 par), and
150,000 scares
($1 par) common stock.
Underwriters for the two
classes of stock will be Eastman, Dillon & Co.
Public offering price
1,223,091
1,330,700
546,066
166,424
railway
S
'
taxes was required in 1944, and it'is 1
will be required in 1945. ton 4,666,271
$1,527,016
375,678
,
162, p. 503.
The
railway
oper.
SEC
visions
Company
1943
From Jan. 1—
Gross
$3 3no,W
$4,589,050;
prod., parts & serv.__
1944
1945
$184,016
65,920
24,762.
.
railway
railway™
$5,374,730
$1.15
in.banks, $18,601,079; marketable securi,
amounts due from others, including $7,210 409 a,
from U. S. Government, less reserve for doubtful receivables, $16862
164; inventories, $16,827,626; investments, and advances to others'si'."
227,409;
properties, $168,174,582; taxes, insurance, and other items
paid in advance, $1,517,904; total, $227,799,814.
Liabilities—Amounts owed for oil purchases, construction projects
freight and Supplies, or due employees for salaries and wages- taxa
and other items collected for, but net yet due, Governmental agencies.
$13,850,824; dividend declared, $1,166,567; interest, $345,750; amounts
provided for income, property, and other taxes, including estimated
taxes
payable on 1945 earnings to date, $4,333,234; provisions to
possible fire losses, damage, etc;, $3,589,328; funded debt, $52,600Ot
net worth; $151,914,111; total, $227,799,814.—V. 162, p. 290.
' '
—
;
from
$1,776,633
$0.38
United Aircraft Corp. (&
1944
1943
*$13,334 *$1,759,159
1945
from
Gross
$3,594,436
$0.77
believed that the sum provided for income taxes is adeauai1
those which will become payable on earnings to June 30
cJ?|
1,854,631
taxes
ret.
5,693,440
2,409,181
838,503
1,000,000
123,612
6,270,437
1,577,754
854,064
933,333
taxes
Gross
Spokane International RR.- -Earnings-
if-
profit
—
profit per share-
granted permission to the company, a wholly
owned
subsidiary of United Gas Corp., to redeem for cash on ot
about
Sept.
25,
$1,000,000 6%
debentures due March 1, 1951
at par and interest.
Union has presently outstanding $40,000,000 ol
6%
debentures all of which are owned by United.
The debentures
are pledged and held as collateral under the provisions of the mortgage
and deed of trust securing United's first mortgage bonds.
It is staid
that
United
has
advised Union
that it proposes to transfer the
$1,000,000 to be paid to the trustee by Union to the sinking fund ail
a
credit against
current requirements in accordance with the pro-;
$13,282,651
270,131
Thrifty Drug
tt
,au^|
1,200,000
Union producing
$1,205,908 $14,582,200
$1,276,568
530,181
expenses
162, p. 818.
Inc., Dallas, Texas.—V.
6 Mos. End. June 30—
it
200,000
The
1945—12 Mos.—1944
Month—1944
1945-
-
$t\
12,094,544
Assets—Cash on hand and
Service Co.—Earnings—
Rauscher, Pierce &
Underwriter of unsubscribed common stock:
<rW Profit after tax provs._
*Loss.—V. 162, p. 717.
V'.'*'
$1,854,834
has
revenues
Other
Spiegel, Inc. (& Subs.)—EarningS-
It-
638.310
'
800,000
is
ties,
$0.66
July 31—
Operating
Interest,
^
.1945—3 Mos.—1944
Terminal Ry. of Texas—RFC
Texas Electric
Prop.
,
(3)
8.732.09?
300,000
Condensed
to the RFC of $31.600.—V.
Period End.
Feabody & Co., New York.
Underwriter of preferred stock: The Milwaukee Co., Milwaukee,
(2)
4,679,802
_____
provision for excess profits
anticipated that anyv provision
(& Subs.)—Earnings-
'
RFC
37,OlO.<jJ
745.508
shares
Henderson,
the
46,443,565
8,982,564
for income taxes
to cover
acting Federal Loan Administrator, has an¬
sold $1,580,000 first mortgage es at 102
accrued interest to Lee Higginson Corp.
The sale represented a
B.
that
nounced
6,283,731
war-time con-
No
301,114
41,010
Underwriter of bonds: Kidder,
(1)
t Co.,
610,555
162, p. 883.
Operating
Underwriters
:
Net
tNet
$0.53
$1.48
$1.32
and provision for Federal and foreign income
charges
all
depletion, &c._
'
$6,956,435 $18,669,274 813^1^1
$10,678,167
for
•Prov.
1,320,907
2,369,653
1,059,555
645,084
755,537
1,417,874
$2,505,856
Texas City
Other
'
64,000
27,116
3,113,880
Period End. June 30—
$174,876
pfd. stock
req. on
Balance
•'
»:
108,465
Earnings per com. share
taxes.—V.
__
Income' remaining
,
i
Jpiv.
56,654
155,723
3,366,708
1,290,663
Sterling Drug, Inc.
53,434
$
income
319,155
$228,309
deductions
Net
18,284,844
4,529,712
372,758
$214,019
219,924
income—
60.9.
oper.
ry,
premium
•
$431,832
197,746
•
railway
from
•After
$276,046
Gross, income
Other
income—
railway
from
Gross
Charles
■
Other
$493,951
1945
railway
oper.
ry.
Net
51,789
$277,485
for
I,..I;-*:.
4,621,442
tingencies
$432,556
98,891
railway
from
from
cost of
manufac.,
25,273,984
1942
July—
Net
192,377
opers.—
Prov.
Gross
123.310
Sell., admin. & gen. exp.
Interest paid
—
Deprec.,
1943
83,425
$40,946,351 $30,090,146 $74,840,911
__
transp.
and
Transit Ry.—Earnings—
1944
',635
and
producing,
609.
p.
Staten Island Rapid
76,264
82,869
42,973
37,609
rev.
for
162,
income
Purchases
$0.63
602,153
Feb. 28,
Prov.
V.
1943
revenues—
deductions—
oper.
Oper.
.12 Mos. Ended Aug.
6 Mos. End.
12 Mos. End.
Total
$924,829
on
Total
$613,289
$0.94
$0.42
$442,975 for the second
quarter ended June 30, 1945, equivalent to $0.30 per shaie of common
stock outstanding.
Such consolidated net prolits are after provisions
of $4 C32 384 for estimated taxes on and statutory renegotiation refund
of income and $295,786 for contingencies and post-war adjustments.—
•Net'earnings
Pro Forma Earnings
Summary of
int.
From Jan. 1—
1st mortgage
III
6,282,975
$1,231,121
consolidated net profit of
Company reported
m
pur-
on
and divs. and
investments—
chases,
share—
Earnings per common
discounts
Cash
5,456,643
1945—3 Mos.—1944
1945—6 Mos
$40,862,926 $29,966,836 $74,648 534 8^-4
Sales
•It
Stock
Funded Debt and Capital
,
$6,069,932
9,458,117
of Calif.—Earnings—
30—
Period End. June
$7,514,096
profits
adjustments and
post-war
contingencies
taxes,
Consolidated net profit
$4,121,804
proceeds
net
$10,382,946
:
,r.—
Common
Total
Federal
1975
series due
cumulative preferred stock
stock ——.
—
4.40i?!
net profit
income and excess
Consolidated
1943
i9^4noo
1945
Ended June 30—
6 Months
groups.
Union Oil Co.
Co.—Earnings—
Standard Steel Spring
applicable to such
for construction,
advances
and
deposits
jsumers'
Monday, September
3,
FINANCIAL CHRONICLE
THE COMMERCIAL &
1030
; t^e
y
BanK"w
162, P-
5
Number 4417
162
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
(& Subs.)—Earnings—
United States Gypsum Co.
Months Ended June 30—
^
iJi nrofits from operations.,—:—
Depreciation and depletion——
1945
1944
1943
$5,780,399
$5,035,041
$6,648,245
1,132,914
1,135,402
1,310,203
$4,647,485
$3,899,640
288,185
254,626
248,772
nrofit
income
Other
—
2,553,000
inc.
profits
Net
$2,356,217
33,754,458
876,766
,
surplus——
transferred
earned
Previous
Reserve
$4,154,265
126,999
1,857,000
$4,935,670
26,454
profit
anti-trust suit# exp
Federal and Canadian taxes on
Total
Federal
Liabilities—Accounts
able,
$5,586,814
90,989
2,850,000
$2,170,266
32,469,105
$94,055;
$2,645,825
30,371,753
general,
income
stock
surplus
$36,987,441 $34,639,372 $33,017,578
273,777
273,777
273,777
—
dividends
dividends
Preferred
Common
1,197,140
1,197,512
1,196,772
excess
Federal
crued,
$649,973;
contingencies
Wheeling & Lake Erie RR.—$6,000,000 Issue Sought—
in
and
total,
Company has applied to the Interstate Commerce Commission
authority to issue $6,000,000 of general and refunding mortgage
The
wartime
for
The bonds, to be dated Sept. 1, 1945, will be offered for sale
competitive bidding with the successful bidder setting the rate of
The funds raised would be used to redeem 2Ya7c bonds, series
bonds.
at
earned surplus,
capital surplus, $65,466;
$7,417,534.—V. 161, p. 2491.
interest.
E,
Wabash RR.Gross
Net
from
Net
ry.
1942
1943
1944
W.
$8,007,300
$8,239,547
$7,306,912
2,392,570
3,045,663
753,249
3,491,778
972,496
3,098,696
666,714
57,505,213
21,870,696
55,560,190
54,665,727
23.315,083
5,324,654
6.858,259
5,155,933
M.
41,616,068
21.854.273
5,622,468
railway
income
oper.
.
for
Bids
$7,593,012
railway
outstanding in the amount of $943,000 and $5,250,000 of 3Va%
f
now
bonds.
Earnings—
1945
from
income and
$2,998;
dividends pay¬
profits taxes and other
for
reserve
(par $100), $3,225,800;
$1,079,471;
miscellaneous taxes
$34,685;
and post-war
adjustments,
$123,901; inventory replacement reserve, $22,932; marketable securities
reserve,
$142,206; preferred stock (par $100),
$1,304,800;
common
for
reserve
July—
Total
and
$411,461;
charges,
$530,918;
1031'
payable and accruals, $416,525;
for
reserve
governmental
'
,
,
accrued, $46,456; miscellaneous accruals,
excess profits and State- income taxes ac¬
capital stock, $137,000; capital surplus, $632,237;
earned surplus,
$1,464,551; stock held in treasury, Dr$32,624;i total,
$3,065,413.—V. 161, p. 2491.
ventories, $964,163; other investments, $180,746; plant and equipment
(after depreciation and obsolescence reserves of $3,259,807), $1,157,653; processes and intangible assets, including goodwill, $1,594,677;
deferred charges and prepaid expenses, $17,599; post-war excess profits
tax credit (est.), $23,901; total, $7,417,534.
$5,338,042
a
-
.
the
Duncan,
Cleveland
(in
rate
831,848
of the bonds will be received at office of
Secretary, at-1848 Union Commerce Building,
12 noon (EWT). Sept, 12.
The interest
Ya of 1%) must be specified in the bid.—V. 162,
purchase
Jr.,
O., on or before
14,
multiple of
p. 924.
From Jan. 1—
$35,516,152 $33,168,455 $31,547,029
surplus
Balance,
Earnings
$1.74
share
common
per
Gross
$1.98
$1.58
Sheet,
Balance
Consolidated
from
Net
30,
June
from
Net
refundable portion of excess profits taxes.
♦Less
ry.
—V.
1945
railway
railway
income
oper.
Wisconsin Central Ry.—Earnings—
15,300,477
162,. p. 504.
from
Gross
Net
Assets—Cash,
$13,549,406; U. S.
Government securities (short
$19,739,865; other government bonds, at cost, $591,279; ac¬
counts receivable (net), $6,567,280; inventories, $6,512,882; refundable
portion of excess profits taxes, $1,065,000; plant and equipment (net),
$31,807,856; deferred charges, $1,597,905; total, $81,431,473.
payable,
Liabilities—Accounts
The
management
and
The
preferred stock ($100 par), $7,822,200; common stock
$23,950,240; paid-in surplus, $5,831,447; earned surplus,
$35,516,152; total, $81,431,473.—V. 161, p. 2794.
7%
$232,610;
plan
the
Chemicals, Inc.—Earnings—
U. S. Industrial
sales
Net
Selling,
—
admin,
and
gen.
674,735
192,466
income!..
•Gross
$955,136
chargesJb—i
taxes on income.
for Fed.
Provision
18,997
461,000
—
and
1,
—V.
in the authorized common from
the authorization of $2,500,000 of
of
outstanding
which
on
of
dividends
accrued
preferred
the
18,915
of
162
under
income!/—
Capital
$431,620
436,836
$1.09
376,836
$1.15
interest
3,410,512
330,463
—_
500,000
500,000
500,000
$4,282,280
♦Appropriation
$4,088,624
$4,074,557
_
income
Net
$4,076,951
245,937
Statement (Company Only), 12 Months Ended June 30
131,990
131,467
273,789
269,481
$1,788,831
$1,423,072
$3,557,225
$3,093,554
1^34,365
1,134,365
2,268,729
2,268,729
207,403
207,403
414,806
414,806
$873,690
$410,019
expenses
other than income
Taxes
normal
Federal
♦Federal
(Including Its Wholly-Owned Subsidiary, Lost Hills Water Co.)
Period End. June 30—
1945—3 Mos.—1944
1945—6 Mos.—1944
profit
$156,604
$217,869
$337,705
$421,827
Wet profit
50,323
91,294
.122,004
163,180
Outstands com. shares.
185,860
185,860
185,860
185,860
Earnings per share
$0.27
$0.49
$0.66
$0.88
♦Operating
.♦Before
depreciation,
intangible
depletion,
income
Federal
for
fAfter
taxes.
and
costs
drilling
Divs.
3,101,808
$5,875,071
1,354,021
/
Assets—Cash,
of June
as
/Liabilities—$173,499—V.
Operating
Period—
Apr. 28, '45 Apr. 29, '44
Net prof.
bef. Fed. tax.
Net
profit
after
Fed.
inc & exc. profs, tax.
—V.
161,
$4,794,845
"•
1,833,945
$4,317,175
*>■
May 1, '43
$5,117,807
2,064,175
Utah Ity.—Earnings—
.
"
July—
Net
> ,21,776
income...
$121,786/!.
Net
ry.
-V.
787,205
133,686
822,199
158,362
812,123
162,984
income...
92,974
69,995
fr.
776,798
10,568,300
403,950
644,346
5,457,660
10,250,184
re¬
;
'
$6,658,149
166,330
$6,983,806 $17,636,729 $13,509,318
139,863
' 339,860
283,660
$6,824,479
3,999,689
$7,123,669 $17,976,589 $13,792,978
4,380,337
12,440,496
8,690,316
$2,824,790
$2,743,332
$5,536,093
$5,102,662
2,119.553
705,237
deducts.-
Net
94,021
2,041,953
4,173,865
1,362,228
'•
1945—Month—1944
Period End. June 30—
Operating
revenues
Operation
C
1,327,872
255,465
318,370
3,502,970/
701,379
310,440
3,373,578
Provision
Net operating
693,168
under
Government.—V.
877,689
8,667,670
3,759,657
868,428
$741,798
15,687
$8,867,222
86, 366,672
$592,55tf
$757,485
$8,798,365
$6,464,429
amortization/b^2l4,933
274,224
2,916,036
2,030,247
$483,261
$5,882,329
$4,434,181
Balance
__bb "
income
♦Reduction
taxes
Dr63,85(L-
A,
Telephone Co., Inc.- -Invitation for
11
of
Time
War
Sept.
on
the bids.—V.
1945.
5,
44,251
850,576
Western Ry. of
272,198
$527,512
$6,732,905
$4,706,379
1,447,348
97,512
1,189,992
from
Gross
Net
5^^475,128
♦Reduction
facilities
Code,
income
1945
$468,378
173,442
ry.
$1,290,997
1,033,695
$1,535,858
1,159,773
39,647
38,722
1943
$336,438
income
;
Total
income—.—_b
Reserve
than
for / Govt,
_
$365,793
profit
8,000
10,000
18,527
17,250
222,000
«■
15,000
16.509
114,000
taxes-
173,007
64,127
82,625
190,000
Total
net
Provision
Post-war
for
'lescence
reserve
Marketable
———-
.
v.v.bb-.-v
sec.
reserve.
Inventory replacement
>
83,532
...
'
reserve
Crl 1,046
Net
20,000
415,884
12,2131Cr26b01
:
income_/__.
Dividend
Divs.
paid
payable
Earnings
per
on
on
common
pref.
common
$103,052!
$138,851
bu._
stock__
96,774
/
96.774'
stock—.
45,668
45,66,8
share.—
$2.88
$1.78
Condensed
Balance
Sheet,
June
30,
1945
$107,761
48,387
45,668
$2.63
^-
Awets—Cash, - $853,514; marketable securities (amount at market
quotations, $2,774,561), $2,329,008; accounts receivable/: $296,274; in-
1942
1943
„
—•
sales
on
—
$29,987
10,816
' $39,079
$24,070
$19,171
$28,788
$24,070
1.011
$19,171
1.792
$32,321
$124,837
.
—-so.97
ended June 30, 1944 were 88c per share.
of June 30, 1945
„
.
U. S. Jr®asu*T J
accounts receivable (after reserves for bad debts, $50,213),
$455,356; inventories, $884,494; life insurance. $109,473; plant,
and equipment (after reserves of $331,576), $314,594; PrePaid.uexP.e"^cs
and deferred charges, $20,212; post-war refund of excess profits taxes,
property
novahiA
<ciin i37:
12,353
salaries
'
.
and wages
accrued.
10,292
of
income
taxes.
sale
20,500
553
1050
2,365
5,700
6,650
4,580
1,735
—---
—
State income
————
securities.-—
of
;
8.425
-
Net income
.
Dividends
...
Crl3,200
CY25,150
03,380
$19,035
34,908
$21,059
34,599
$15,626
30,195
———
-
Balance
at June
Sheet
$24,657
22,473
30, 1945
demand deposits in banks, ^8,340; United
States
Government securities, $153,197; dividends and interest re¬
ceivable
$3 765; accounts receivable (due on sale of securities 4"^
capital stock through brokers), $10,114; marketable securities, $l,56o.535; prepaid expenses, $394; total, $1,821,346.
Liabilities-Accounts payable, $31,268; accrued taxe^ $14,375; other
liabilities
$868; common stock ($1 par), $1,435,476. surplus, $1,339*
3581 totai, $1,821.346.—"V. 161, p. 2378.
'
Assets—Cash on hand and
'
$51,524;
$248,181; total, $3,065,413.
$26,726
$26,035
3,940
Adjust, of income taxes
applic.
to profit on
Cr32,676
.
in bank, $481,579;
S34.342
10,272
deduction
Wisconsin
387,096
profits taxes.
profits taxes;—.—..
hand and
$31,426
11,465
v
11
capital stock taxes
Federal
9.361
income and excess
per
$33,872
469
3»53J
$479,258
profit
1944
$30,125
1,111
190
income
(
$469,897
operations
Assets—Cash on
Ended June 39
securities
$2,275,008
1,476,930
328,181
—
——
Balance Sheet as
|/bNet
———
profit
Net
Fed.
Ending June 30, 1945
and returns and allowances—
share
Earnings for the six months
Earnings
stock was $4.08 per
with a net asset value cf $3.63 per share
$19,960
———
& admin, expenses
Total
refund of excess
profit
r
$19,960
secur.
secur.-
Balance
896,702
394,835
Deferred maintl and post-war obso^
r
161, p. 2599.
Co.—Semi-Annual Report-
the net asset value of the
1945,
market,
market,
Total
Gen.
2,238,736
1,379,372
Other income
charges b other
income
242,165
on
on
Miscellaneous
3,084,016
—~——.
from
credits of $36,000
$383,530
administrative and general expenses
Selling,
$323,910
■expenses___/Lb'-^b4^t ^
Reserve for Federal
$472,883
27,548
$349,846
!*
taxes-i—
Miscellaneous
1942
331,297
Statement for Six Months
&c
$657,549
1944 and $3,188 in 1943.—V.
The latter compares
.
taxes
sales,
$600,853
post-war
and
Earnings for Six Months
1945
of
Net
-
1943
1944
$467,727
180.870
48,414
3.262,299
1,230,196
sales, less discounts
Gross
$296,362
29,357
139,099
retirement
statement.
Int.
270,094
oper.
1,212,212
41,545
$210,747
of June 30.
As
Divs.
$1,547,297
income.
$28,900 in
Other
1944
debt
reported on Dec. 31, 1944, and represents an increase of 12.40%.
Giving effect to dividend of 8c per share paid on June 30. 1945,
the appreciation realized in the net asset value of our stock is 53c per
ShEtG Ol* 14 60% .
*" '
. ••
''.?:■/> y V '••••'
l-,j
., ' /
J
Net profit on sale of securities of $94,696 was realized during the
period. ! This sum, less a provision for estimated taxes, wrs trans¬
ferred directly to earned surplus and does not appear in the income
Willson Products, Inc.—Earnings-
1945
Profit
1945,
specified in
be
3,097,316
977,742
railway
Income—
—V. 162, p. 611.
Cost
Other
42,121
income—_
railway—
from
Net
Vulcan Detinning Co.—Earnings—
Quarter Ended June 30—
factory operations—
Charges against sales, etc
Depreciation reserve
•:
railway
Net
replace existing facilities.—V'. 162, p. 504.
Sale and other
to
Alabama—Earnings-
railway
oper.
from
Gross
facilities
life and not to
ry.
Is
$1,097,329
434,753
5,026
■
From Jan. 1—
FederaL=in,come taxes resulting from amortization of
as emergency
facilities under the Internal Revenue
are expected
to be employed throughout their
in
from
Net
allowable
which
normal
;
requirements:.—
dividend
rate
5,603
423,191
./
1945
.—.—
Balance b
Preferred
interest
The
$1,029,646
$603,754
-
(net)
charges
162, p. 819.
July—
—
mortgage bonds, Series
July - 1, 1975.
Bids will be received by the company at the
its counsel, Poppenhusen,
Johnston, Thompson & Raymond,
South La Salle Street, Chicago 3, Illinois, up to 11 a.m. Central
due
office
97,756
Fed.
in
Light &
$1,103,013
Dr5,684
$1,036,542
419,257
13,531
—-
Wisconsin Investment
Federal
the
by
cer¬
p.
is inviting bids for $6,200,000 first
Company
■,
$377,616
.....
of
amortization
Bids for Bonds—
.
$593,197
(net).—Dr646
Other income
&
57,764
".v.
„
Interest
Western
,217,330
299,048
57,764
-
to
issued
Certificates
Necessity
2337.
160,
$1,017,331/ $1,021,527
19,212
8,119
revenues—
revenues
deducting
share
209,984
556,638
261,100
__
taxes'—
taxes
Nef oper. revenues
.
facilities
due
794,218
350,324
28,688
60,400
853,956
——
—^
deductions
Net
704,958
352,400
260,100
79,700
875,956
-
660,659
351,900
324,000
84.500
902,503
—
income
Interest
1943
$8,386,059
5,195,461
depreciation
for
Non-operating
Other
1944
6,215,755
$5,102,662
$5,536,093
$2,743,332
income
on
2, 802,735
plant acqui¬
adjustments
,
Net
tain
taxes
Federal
in
of $401,140
$9,163,382
5,868,741
1945
surtax
profits tax
excess
State income taxes-
in
,
$2,824,790
adjustment
of
,v
sition
.
incl. special
inc.,
tax
♦Reduction
2, ,704,283
233,436
b
—
Federal, income
Other
Net
1945—12 Mos, —1944
$4,259,460 $47,200,497 $36, 143,971
1,654,350
18,336,229
13, 974,536
$3,285,475
bbl
Maintenance
Depreciation
Amort.
Earnings—
post-war credits
and
$9,556,651
revenues
♦After
Virginia Electric & Power Co.
retirement
30—
12 Months Ended June
Operating
Operating
3,839,283
1,263,379
special
adjustment
♦Special tax adjustment
,
debt
deducting
■/
Gross
adjustment
bef.
income
tax
$4,082,513
Wisconsin Gas & Electric Co.—Earnings—
incl. spe¬
tax
500,000
$4,041,995
1945, $409,820 in 1944 and $340,860 in 1943.
tFor contingent losses
investment in
transportation subsidiary.—V. 160, pp. 2599 and
♦Federal
income
cial
™
Federal normal and
Cr4,146,2l4
income
income
611. b
p.
5,474,252
& fr. sale
properties.
Net income,
737,572
179,072
72,211
oper.
Gross
Total
$7,077,630
2,495,117
500,000
.
2337.
'
railway....
railway...
162,
5,509,876
.
—
expenses
Taxes other than income taxes
Non-operating income—
$124,367
$112,576
33,43732,404
16,803 " ~r 27,991
.
from
from
Net
$85,006
9,944
6,269
,
2,770,738
512,448
resulting
transp.
Operating
1942
1943
1944
,
15,436
oper.
From Jan. 1—
Gross
;
railway.—
railway..u—_
from
Net ry.
'■
■
1945
'
from
4,531,395
5,582,910
income/
on
financings
of
Gross
4,354,570
2,759,722
taxes
Reduc.
1,731,100
1,858,552 ~
2,253,127
income
gross
and
adjustments
Fed.
(
from
income
♦After
in
on
2,253,221
retirem's
,
,
-y
•.
Net
Amort, of property acct.
May 2, '42
$3,741,634
2490.
p.
M
depletion
25 Weeks Ended
26 Weeks Ended
4,486,639
5,024,795
2,259,539
2,265,526
income
eral
Deprec.,/
$7,070,092
2.528,096
$4,236,269
revenues
income
Deductions
1945—12 MOS.—1944
Taxes, other than Fed*
(& Subs.)—Earnings—
Universal Pictures Co., Inc.
$5,798,657
1,278,973
500,000
operating revenues
t Appropriation
Subsidiaries
and
Company
$31,154,636 $30,465,674 $61,778,287 $59,853,341
22,504,001
20,506,639
11,122,660
10.336,854
expenses
Maintenance
161, p. 2490."
of
Account
1945—6 MOS.—1944
revenues
Operating
$84,506;
$81,304
$447,063
Income
Period End. June 30—
$623,979;
receivables, $98,510; inventories,
tax notes, $45,000; total, $851,996.
/
If. S. Treasury
Net
Gross
1945
30,
$5,736,611
1,333,481
$7,229,091
2,492,822
taxes
depreciation
for
Non-operating
surplus
Balance,
Consolidated
and Liabilities
Current Assets
'■
'
stock
A
cum.)
pro¬
depletion, intangibles and all taxes.
V*"
stocks
class
Provision
7%
and
pfd.
on
($7
depreciation,
for
provision
6%
on
cum.
—
vision
income
State
income
Net
Divs.
—
3,486,975
1,694,000
3,067,940
' 537,400
2,812,526
3,610,260
640,100
'
;;
3,173,025
1,846,440
3,688,380
594,500
2,904,754
2,937,725
2,223,360
taxes
surtax
and
profits taxes
excess
1943
1944
$34,943,142 $33,325,029 $30,531,577
16,554,817
15,381,319
13,134,079
revenues
Operating
debt
77,502
contingent losses on investment in transportation subsidiary.
Operating
$3,582,175
219,140
etc
"
1945
124,001
of
amort,
discount,
$8,351,430 J
3,390,014
330,463
56,396
$8,407', 103
3,316,895
330,463
137,060
—
deductions
Other
1945—12 Mos.—1944
$1,656,065
101,526
$2,044,822
Expenses
Int.,
$7,873,280':
478,150
$8,566,698
on
(Company Alone)
1945—6 Mos.—1944
Earns., divs., int., etc.—
Universal Consolidated Oil Co.—Earnings—
-
Account
Income
Period End. June 30—
•^•V. 162, p. 719.
$7,953,981
453,121
pfd. stk. of subs.
charges!-—
for divs.
Prov.
Income
$1.12
share—.
Earnings per
*
.
$8,077,712
488,986
—
income
Gross
Net
♦For
$423,928
376,836
1943
1944
/
$45,879,922 $43,867,320 $40,608,396
37,802,210 35,913,339 32,735,116
.
the
306,983
$475,139
-
outstanding
shares
(& Subs.)—Earnings—
1945
Net operating revenues
Non-operating revenues
involve
would
plan
the
553,666
720.
o.
West Penn Electric Co.—Earnings—
Net
income
Operating revenues—.
Operating expenses and taxes.
shares of $25 par pre¬
to June 30, last, amounted
155,000
share.
a
exchange
13,091,427
3,581.749
2,062,247
railway
12 Months Ended June 30—
stock.
common
presently
257,459
railway—a—,
oper.
Wisconsin Electric Power Co.
1960.
debentures, designated as series A.
The exchange
also would require 310,000 shares of common stock, bringing to 690,000
shares the number of $5 par common shares outstanding.
Exchange of all the preferred stock would give the company a sur¬
plus of $1,192,940 on the basis of the statement for the nine months
ended June 30, last.
The
plan was approved by more than 76%
of the outstanding
preferred stock.
See also V. 162, p. 504.
$749,826
.
July
from
ry.
plan, holders of preferred stock will be offered in ex¬
such share held $10 principal amount of debentures
stock,
$6.37 Va
$1,550,000
208,422
$1,284,533
12,913
840,000
Net
each
are
Total
$541,404
$951,997
332,536
$762,670
Income credits
Income
to
750,316
714,229
exps
income
operating
•Net
$11,533,649 $10,479,769
10,056,75'0
8,853,037
1944
1945
sales———.-
of
Cost
ferred
1943
$9,155,638
6,863,918
Ended June 30—
3 Months
due
shares
two
There
increase
an
shares,
1,000,000
„
1944
$2,023,064
12,330,331
3,315,666
1,765,780
,
income
oper.
from
Gross
and
stock
railway
railway
From Jan. 1—
Aug.
involving an
outstanding preferred
recapitalization
exchange for
in
for
calls
to
change for
and
ry.
23 approved a
offer of debentures
held on
meeting
Net
stock
debentures,
Under
par),
($20
special
a
dividends.
600,000
4 '/c
at
of
plan
common
accrued
dividends payable, $735,-
$1,769,390;
645; accrued expenses and miscellaneous taxes, $1,215,705; Federal and
Canadian
taxes
on
income, $4,358,085; reserve for self-insurance,
stockholders
Net
Inc.—Recapitalization Voted
Walt Disney Productions,
term),
from
1945
$1,870,429
529,092
222,898
July—
Wisconsin Public Service
Electric output
totaled
n*
Co.—Weekly Output—
of this corporate for
kwh., as compared
10.993,000
week last year, an
the
25 1945
^
witfh. l/I°/83 'v1 fio
increase of 1.4 58) .-V. 162,
n
q24
p. 924.
t
Aid
To Russia; Molotov's Note to Stettinius
Stalin Thanks Truman for tend Lease
of a message from Premier Stalin to President Tru¬
man expressing his nation's gratitude for lend-lease aid to Russia
was made known at Washington on June 11.
Associated Press ad¬
vices on that date to the New York "Herald Tribune" from Wash¬
1
f.
Statement by the
indicating this, said, in part:
was made public by the Office of War Information
recorded by the^—
The message
f
after it had been
in the interest of
Commis¬
Russian broadcast.
Federal Communications
sion from
a
tion
freedom-loving
all
among
Accompanying Premier Stalin's
M.
the
tov's
House that Harry
}:
Moscow
to
President
•J:-.
three
diately to the President.
The
"On the day of
the third anni¬
the
agreement
on
Soviet-American
the
•<tv"
in
assistance
of
conduct
between
against aggression, I beg
war
ernment
to
this
accept
our
terests of
States Gov¬
the United
and
you
the
The
zone
the
this work
the in¬
countries in
assuring firm
and
peace
international security."
expres¬
sion of gratitude from
Government
sonally.
agreement,
which
Europe,
the
in
war
lend-lease,
has
supplying the Soviet Union
with arms,
strategic materials and
an important part in
food, played
h
and made
tion
•
T
Robert E.
Han¬
to be Postmaster General
negan
in President Truman's cabinet,
a
conclusion
Republicans to force the nomina¬
firm confidence
tion back to committee for hear¬
express
the
the Soviet
States
my
friendly
Union and
have
ing the
grown
between
the
United
stronger dur¬
to
develop successfully
to the benefit of our peoples and
all-day fight
an
by
ings had failed. The two negative
votes
rest
struggle and will
common
continue
links
after
came
cast
were
C.
by Senators For¬
Donnell
of
Robert A. Taft of
Missouri
and
Ohio,, according
to the "Times" report.
A
joint Allied statement of the occupation and control of Germany
was made simultaneously in Washington, Moscow, London and
Paris,
June 5, according to an Associated Press report from Washington
on that date, which adds that
by this statement Germany's boundaries
set
are
of
they
as
Austria
December 31,
Czecho-Slovakia.
were
and
No announcement
gar ding
ment
joint
a
for
made re-'*
was
control
arrange¬
which is ex¬
pected to be set up in the fairly
The
treatment
will be tem¬
pered by the Moscow declaration
of 1943, which looked toward a
restoration
of
depending
Austrian
freedom,
Austrian efforts
in behalf of their own liberation.
situation
is
in
Renner
government
Vienna, behind Red Army lines.
No
contact
has
been
made
with
this
regime by representatives of
Britain, the United States
and
France,
cation
nor was
of
what
there
any
is
be
to
clarifi¬
done
in
Czecho-Slovakia, which is partly
occupied
the
by
and
east
Russian
troops
American
A
on
troops in
In
None
of Czech boundaries is considered
to
be
a
ference.
Four
.set
up
matter for the peace con¬
,
and
zones
allotted* to
the
were
vic¬
the
zones
further
was
The following is the text of the
series of statements issued by our
State Department, as reported by
the Associated Press from Wash¬
ington, June 5:
-
Statement by the Governments of
United
Union
of
publics,
and
the
States
Soviet
the
of
America,
Socialist
United
Provisional
Re¬
Kingdom
Govern¬
ment of the French Republic on
consultation
with
Governments
of other United Nations.
;
By ^ the
Berlin
on
Socialist
*
Germany, which bears re¬
sponsibility for the war, is no
longer capable of resisting the
the
Re¬
publics, United Kingdom, and
Provisional Government of
Republic on control
of machinery in Germany,
his
each in
and
States, United
Union
Republics
of
Soviet
and the Pro¬
prescribed by the respec¬
tive Allied representatives.
(C) All forces referred to in
Paragraph (A) above, wherever
they may be, will remain in their
present positions pending instruc¬
tions from the Allied representa¬
tives.
•
-
.
-
•
(D) Evacuation by the said for¬
ces of all territories outside the
many has thereby been effected,
and Germany has become subject
frontiers of Germany as
they ex¬
own
zone
to such
It is in these circumstances nec¬
of occupa¬
will
together constitute the Con¬
trol
Council.
of
tives.
,
3
ARTICLE
essary,
(A) All aircraft of any
or nationality in Germany or
tories
in-chief will be assisted by a po¬
further hostilities orj the
part of the German armed forces,
litical adviser.
for
kind
service of the Allies,
commanders-in-chief
four
Each
commander-
tion
will be
a
permanent coor¬
the
maintenance
of
the
of
country,
the
nounce
order
.
and
immediate
ments with which
chief in their respective zones of
occupation and will reach agreed
decisions on the chief questions
affecting Germany as a whole.
3. Under the Control Council,
any
in
Germany and for the administra¬
The control Council, whose
decisions shall be unanimous, will
ensure appropriate uniformity of
action
by
the
commanders-in2.
to
an¬
require¬
Germany must
comply.
The representatives of the
commands of the United
States of America, the Union of
Soviet
Socialist
Republics,
the
United Kingdom and the French
Republic,
man-occupied or
or
waters,
control staff organized in the fol¬
lowing divisions (which are sub¬
ject to adjustment in the light of
experience): Military; naval; air;
transport;
political;
economic;
finance;
reparation,
deliveries
and
restitution; internal affairs
and
communications; legal; pris¬
oners of war and displaced per¬
sons;
There
manpower.
four, heads
of
each
will
division,
designated by each
be
.
one
The
staffs of the divisions may include
civilian as well as military per¬
sonnel, and may also in special
cases
include
power.
nationals
of
other
United
Nations
appointed
personal capacity.
4.
The functions
of the
in
coordi¬
nating committee and of the
trol
staff
mit
be
to
Council, to
decisions
advise
carry
and
to
con¬
the
out the
trans¬
them to
organs,
trol
will
a
appropriate German
and to supervise and con¬
the
day-to-day
visional Government of the French the latter. U
t
•
•.
/
J.
activities of
.7 .;/t
hereinafter
called
civil, other than aircraft in the
will remain
the ground, on the water or
aboard ships pending further in¬
on
structions.
(B)
ests
of
the
cordingly
and
in
United
make
the
inter¬
Nations,
the
ac¬
following
declaration:
The Governments of the United
States of America, the Union of
Soviet Socialist Republics and the
United
Kingdom,
and
Government
visional
French
the
of
Republic, hereby
Pro¬
the
authority with respect
Germany, including all the
possessed by
the German
Government, the High Command
and
German
state, municipal or local
or authority. The as¬
sumption, for the purposes stated
above, of the said auhority and
powers does not effect the annex¬
of
Germany.
>:
The Governments of the United
States
of America, the Union of
Soviet Socialist Republics and the
United
Kingdom,
and
the
ter¬
waters not
or
fied by the
Allied
representatives.
ARTICLE
Pro¬
visional Government of the
French Republic, will^ hereafter
determine the boundaries of Ger¬
4
German or Germancontrolled naval vessels, surtac
(A)
and
All
auxiliary
merchant and
submarine,
and
craft,
navai
othe
such vessels
may be at the time of this dec¬
laration, and all other merchan
wherever
shipping,
nationality in
remain in 01
immediately to ports an
ships of whatever
German
proceed
bases
as
ports, will
specified by the
representatives. The crews
remain
will
vessels
any
government
ation
German-
or
occupied or
controlled by Germany will pro¬
ceed to Germany or to such other
place or places as may be speci¬
ritories
assume
supreme
to
powers
•
■
*
,
All
the
representatives," acting
authority of their respective
by
Governments
controlled terri¬
military, naval
or
"Allied
committee composed of
representative of each of the
four commanders-in-chief and a
Ger¬
controlled aircraft in or over
su¬
preme
dinating
council's
Govern¬
mations
will of the victorious powers. The
unconditional surrender of Ger¬
without prejudice to any
subsequent decisions that may be
taken
respecting
Germany,
to
make provision for, the, cessation
June
the
sentatives.
isted on Dec. 31, 1937, will pro¬
requirements as may now ceed according to instructions to
1. In the period when Germany or hereafter be imposed upon her
be given by the Allied represetaThere is no central government tives.
is carrying out the basic require¬
ments of unconditional surrender, or authority in Germany capable
(E) Detachments of civil police
supremo authority
in Germany of accepting responsibility for the to be armed with small arms only,
will be exercised, on instructions maintenance of order, the admin¬
for the maintenance of order and
from their Governments, by the istration of the country and com¬
for guard duties, will be desig¬
Soviet,
British, United
States pliance with the requirements of nated
by the Allied representa¬
and French commanders-in-chief, the victorious powers.
declaration,, made ' at
5
on
and
Governments
of the United-States of America,
Control
ments of the United
Kingdom
-
occupational
of
defined in the statement.
reached
Prague
Final settlement
was
tives of each of the Four Powers.
of the Red Army occupation
frontier.
An
American
diplo¬
only last week..
France.
addition,
the
mission
to
zone
forces
sea and in the air have
completely
defeated
and
have surrendered unconditionally
one
the
to
zone
armed
been
istration.
there
an area of "greater
created, to be ad¬
ministered by an inter-Allied gov¬
erning authority with represnta-
east
matic
the
to
zone
southwestern
A western
Government, a mem¬
United Nations, has re¬
its capital at Prague,
to
-
United States.
The Czech
turned
Soviet
United Kingdom.
the west.
ber of the
the
to
zone
northwestern
A
Berlin"
com¬
plicated by the recent establish¬
the
eastern
Union.
upon
The Austrian
of
An
follows:
as
of
Austria presumably
ment
torious Allied Powers
Austria,
future.
near
1937, before Hitler's annexation
German
land, at
tion, and also jointly, in matters
affecting Germany as a whole.
Allied Statement on Control of Occupied Germany
Union of Soviet So¬
Republics and United
Kingdom, and the Provisional
jointly its admin¬
Socialist
disarmed,
may be
of America,
The
Soviet
shall be completely
handing
over
their
weapons and equipment to local
Allied commanders or to officers
designated by the Allied repre¬
with weapons,
Government of the French Re¬
authority with re¬
supreme
spect to Germany by the Gov¬
ernments of the United States
ing of four, commandants,
ap¬
pointed by their respective com¬
manders-in-chief, will be estab¬
of
or
auxiliary' organizations equipped
public.
of
cialist
Union
and all other forces
Gestapo,
(B)) The personnel of the for¬
and units of all forces
referred
to
in Paragraph (A)
above shall, at the discretion of
the Commander-in-Chief of the
armed forces of the Allied state
concerned, be declared to be pris¬
oners of war, pending further de¬
cisions, iand shall be subject to
such conditions and directions as
regarding the defeat
of Germany and the assumption
forces of each
of the
four powers.
An interAllied
governing authority
(in
Russian, Komendatura)
consist¬
by
naval forces, the SS, SA and
.
Declaration
2. The area of "Greater Berlin"
The
,
technical staff
and control
ments of unconditional surrender.
the French
May
a
2
All armed forces of Ger¬
many or under German control,
wherever they may= be situated,
including land, air, anti-aircraft
Arrangements for the subsequent
period will be the subject of a
special agreement.
will be occupied by
Statements
com¬
(A)
and
which has actively partici¬
operations
from
on
by
will
They
ARTICLE
arrangements outlined
above will operate during the pe¬
riod of occupation following Ger¬
man surrender, when Germany is
carrying out the basic require¬
pated
in
military
against Germany.
lished to direct
must
ply:
The
8.
the
Washington, stated
with which Germany
un¬
Germany
'
each
rotation
in
serve
commandant.
assisted
organs.
commander-in-
its
report to the New York "Times,"
against the common
Hitlerite Germany.
successful
war
enemy,
that
of
the
confirmed
has
Senate
appointment
7, adding that the vote of 60 to 2
the
to
the
of
considerable contribu¬
a
The
States
whole
through
basis
the
on
United
the
throughout
been
and
'
Senate Confirms Hannegan
"This
of
the Soviet
myself
per¬
«
the
to
America;
chief, auxiliary contingents from
the forces of any other Allied
power
Allied con¬
the activities of the local German
forces in each
will be under a commander
of
chief
be
designated by the respon¬
sible power.
Each of the four
powers may, at its discretion, in¬
clude among the forces assigned
to occupation duties under the
the
of
struggle
the
occupying
command
conditional surrender of
.
will
whom
as
in chief
against our common enemy in
Europe created conditions for the
strengthening and the further de¬
velopment of friendly relations
principles to be applied to mu¬
tual
common
zone
au¬
.
of
western zone to France^
A
peoples and armies of the Soviet
Union
and
the
United
States
of the conclusion of
versary
the
"The
;
of
States
supreme
from the complete defeat and
consist of four commandants,
Union
to
the
thority and powers thus assumed
by the four Governments, the Al¬
lied representatives announce the
following
requirements
arising
which will supervise
southwestern
A
considerable role in
a very
zone
of
/ '
' ARTICLE
1
;
and answerable to
Germany, and all German mil¬
irS • ■
■; ■>'
itary, naval and air authorities
7.
The administration
of the and ail forces under German con¬
"Greater Berlin" area will be di¬ trol shall immediatly cease hos¬
rected by an Inter-Allied Gov¬
tilities
in
all theatres
of war
erning Authority, which will op¬ against the forces of the United
erate under the general direction
Nations on land, at sea and in the
of the Control Council, and will
air. '
trol machinery
it.
•'
v;;'
Republics;
northwestern
United
the defeat of Hitlerite Germany.
of Premier
complete text
Stalin's message:
be subordinate to the
her fron¬
Dec. 31,
the
^'
In.'virtue
will, if admitted by the Control
Council to operate in Germany,
United Kingdom;
plying the Red Army with arms,
strategic material and food. The
played
on
to
zone
Socialist
of Soviet
department for the execution of
lend-lease, did so much in sup¬
fine organization of all
were
eastern
A
extent of that assistance and
emissary, will return to Washing¬
tomorrow and report imme¬
ton
they
as
An
,
particu¬
larly suitable to recall that you,
as an. outstanding director of the
special
his
as
war
"On this day it will be
L. Hopkins, sent
weeks ago by
Truman
of
waging
against aggression.
a few hours before it had
announced by the White
been
the
in
sistance
a
Re¬
1937, will, for the purposes of oc¬
cupation, be divided into four
zones, one to be alloted to each
power as follows:
applied to mutual as¬
principles
Only
i.t
of the conclusion of the
agreement
on
versary
firm peace and
international security."
I :i
anni¬
third
Soviet-American
opment of friendly relations be¬
tween our countries in the inter¬
assuring
gratitude in
the
with
within
Germany,
tiers
present being part of German
territory.
7 " ;
at
organs of control.
United Nations organizations
6.
many.
1.
best wishes
to you our
connection
"created conditions for the
strengthening and further devel¬
ests of
i
expressions of
and
empha¬
struggle of Russia and
United States against Ger¬
the
many
ip
note:
"I send
Edward
which
Jr.,
Stettinius
R.
sized
text of Mr. Molo¬ 7
The complete
from Viacheslav
Molotov, Soviet Foreign Minis¬
status of Germany or of any area
to the
Govern¬
Republic
French
the
channels
through the appropriate
of occupation in Ger-
zones
on
Council.
have access
will
-
message was one
ter, to Secretary of State
of
ment
nations."
to
missions
part thereof and the
many or any
established
Control
the
bers)
These
Kingdom
Provisional
the
and
United
the
publics,
stable collabora¬
Socialist
Soviet
of
Union
.
through the appointment by such
governments of military missions
(which may include civilian mem¬
America,
of
be
will
terested
Governments of
States
United
the
other United
Governments chiefly in¬
Nations'
fouf powers hereby announce that
it is
their intention to consult
with the Governments of other
United Nations in connection with
the exercise of this authority.
ington, by Jack Tait,
5. Liasion with the
;
Republic have assumed supreme
authority with respect to Ger¬
many.
The Governments of the
The receipt
Monday, September 3, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
1032
on
Allie
of sue 1
boaid
instructions.
(B) All ships and vessels of the
United Nations, whether J or no,
title has been transferred as the
result of prize court or other Pr0
ceedings, which are at the di^
posal of Germany or under
ei
man
control at the time of
pending
further
declaration,
dates
and
will
to
proceed ..Sft.
the ports
o* bas
Number 4417
Volume 162 -
Allied represen¬
specified by the
tatives.
any,of the following
possession of the
German armed forces or under
German control or at German dis¬
posal will be held intact and in
Jr0od condition at the disposal of
the
Allied representatives, for
such purposes and at such times
and places as they may prescribe:
I
All arms, ammunitions, ex¬
plosives, military equipment,
stores and supplies and other im¬
plements of war of all kinds and
all other war material;
II.
All naval
vessels of all
classes, both surface and subma¬
rine, auxiliary naval craft and all
merchant shipping whether afloat,
under -r repair
or
construction,
built
in the
building;
or
aircraft of all kinds,
and anti-aircraft equip¬
ment and devices;
All
III.
aviation
transportation and com¬
IV. All
equip¬
water or air;
munications facilities and
ment, by land,
military installations and
V. All
establishments, including air¬
fields seaplane bases, ports and
depots, per¬
naval bases, storage
The
fortified
such
establishments;
and
together
areas,
plans and drawings of all
fortifications,
installations
factories, plants, shops,
All
VI.
research institutions, laboratories,
technical
stations,
testing
data,
patents, plans, drawings and in¬
ventions, designed or intended to
produce or to facilitate the pro¬
duction or use
of
the
articles,
materials, and facilities referred
to in Sub-Paragraphs I, II,
III,
IV
and
V
above
otherwise
or
further the conduct of
to
war.
lied representatives the following
will be furnished:
labor, services and plant
required for the maintenance or
operation oLany of the six cate¬
gories mentioned in Paragraph
(A) above; and
II. Any information or records
that may be required
by the Al¬
lied representatives in connection
with the same.
-
(C) At the demand of the Allied
representatives
all
facilities
will
be provided for the
movement of
Allied
troops and agencies, their
equipment and supplies, on the
railways,
roads
and
communications
air.
or
tion
All
will
order
services
other
by
of
means
be
and
or
and
plant
will
The
to
in
(A) Full information regarding
the
2
forces
the
the
to
be
in
their
forthwith
which
the
repre¬
with the
down
war
by
at pres¬
belonging to
In*, °• ne? of the
thlf0n^' ,lndl.catin§ the places
their
detention
Germany
P™j.°ry the release by
®ccupied
Pending
Allied
such
other obstacles to
by land, sea or air, and
safety lanes in connection
the
therewith.
All
such
safety lanes
and clearly
will
be
kept open
marked; all mines, minefields and
other dangerous obstacles will as
far as possible be rendered safe,
and
be
all
aids
to
reinstated.
military
navigation
money
•
Unarmed
and
civilian
rank
sition
the
mines, minefields and
other obstacles
Allied
for
and
purpose
as
directed by the
representatives.
ARTICLE
There
shall
be
8
destruction,
removal, concealment, transfer or
scuttling of, or damage to, any
industrial and other like property
and facilities, and all records and
archives, wherever they may be
situated, except as may be di¬
rected by the Allied representa¬
atten-
ARTICLE
trol by the
con¬
Allied representatives
all means of communication,
and telecommunication
over
radio
installations
wire
and
forms
other
of
wireless communications,
or
whether
ashore
afloat, under
German control, will cease trans¬
mission except as directed by the
Allied
representatives.
or
ARTICLE
The
craft,
10
forces, nationals, ships, air¬
military
equipment
and
other property in Germany or in
German control or service or at
disposal, of any other
country at war with any of the
Allies, will be subject to the pro¬
visions
of this declaration and
of
of proclamations, orders, or¬
any
dinances
issued
instructions
or
thereunder.
ARTICLE
11
as
sentatives,
and
all
persons
from
designated
or
Allied
representatives
as
by
be¬
law
inafpc
color
1°/' any Nazi acil0n,
reSulation which discrimn°n i
ground of race,
55?
or Poiitical belief,
will 'of Tu
German authorities
renr'oc If. dema«d of the Allied
of niifn
ives' hand over control
firito as 0 defention to such of(r\
may
be
instructions.
designated for
State—■
United States
declaration
offense
sentatives.
and
effect at
the
hour set forth below.
date
ARTICLE
apprehension
persons.
man
on
ly and completely to fulfill their
obligations hereby or hereafter
imposed, the Allied representa¬
will
be
may
take
whatever
deemed
appropriate
by
action
them
under
the
to
be
circum¬
parts of Germany
determine.
all
they may
ARTICLE
ARTICLE
America, the Union of Soviet So¬
cialist Republics and the United
and
Government
public,
the
of
four
the
the
Provisional
French
Allied
ing
the
complete
Re¬
Govern¬
ments will take such steps,
118,256
10,556
7,137
264,195
269,329
259,243"
Louisiana
__
59,723
,■377
127
373,908
45,744
9.800
124,450
433,111
116,830
131,152
2,093
194
362,991
364,336
345,377
18,374
19,852
174,340
Georgia
53,973
118,729
.
59,847
374,125
362,858
California
214,271
174,574
212,839
1,741
1,975
22,066
Mississippi™
709.532
718,101
706,770
707,575
18,328
North Carolina
289.007
225.624
281,117
219,302
15,127
Oklahoma
218.095
111,782
219,098
111,512
1,059
2,062'
South Carolina—
231,794
199,587
232,981
196,508
4,485
5,673'
Tennessee--^wL^.i
347.848
283,042
342,712
14,913
9,777
Texas
986,542
940,815
932,713
276,531
953,838
84,725
31,646
All other states
126,904
105,192
125,242
107,034
2,223
561
"Includes
7,387
'
tively,
7,400 tons
but does
not
include
1944-45 and 1943-44, respec¬
1,560 tons destroyed during
and
and
118.256
hand
tons on
90,336
Aug.
1944 and
1.
1943,
79,179 and 52,520 tons reshipped during the seasons 1944-45 and 1943-44.
This declaration is drawn up in
Russian,
German languages.
French
and
The English,
Russian and French
authentic
the only
are
texts.
includ¬
disarmament
HAND
ON
AND
beginning
Produced
of Season
Products—
Season
Crude oil
defined
1,323,929
July 31
23,283
1,235,829
§1,999,771
1,233,500
$239,934
207,409
t54,9Q5
1,321,258
1944-45
j
pounds)
*29,759
1943-44
oil
(thousand
On hand
Shipped out
Aug. 1-July 31 Aug. 1-July 31
Aug. 1
1944-45
1943-44
1
(thousand pounds)-j
1,155,047
29,759
11275,833
2391934
52,657
)
1944-45
28,050
1,953,877
1,929,270
j
1943-44
18.542
1,834,495
1,824,987
28,050
|
1944-45
14,793
984,086
62,119
j
1943-44
11,964
926,558
936,760
923,729
Cake and meal
(tons)
Hulls
(tons)
)
1944-45
61,920
"*1,250,361
1,292,955
1t 19,326
1943-44
135.927
1,185,692
1,259,699
61,920
(
(running
1944-45
476
20,900
(
&c.j
1943-44
556
20,742
24,635
24,715
476
1944-45
10,025
50,623
57,385
3.263
Grabbots, motes,
(500-lb. bales) —J
"Includes
tIncludes
14,106
1943-44
pounds at oil mills,
8,636,000
establishments,
facturing
ana
,
pounds
235,924,000
from
1lIncludes
""Includes
refining
at
and
manufacturing
establishments,
and 2,073,000 pounds in transit.
of crude oil.
1,300,052,000 pounds
pounds
257,979,000
17,854,000 pounds
and manu¬
at refining
pounds
transit.
in
10,025
52,861
48,780
18,480,000
2,643,000 pounds
318
pounds at oil mills. 37,367,000 pounds at refining and manu¬
and 6,231,000 pounds in transit.
11,307,000
facturing establishments,
mill
14,793
bales)—]
Linters
$Includes
Dollar-Peso Rate
OUT,
SHIPPED
PRODUCED,
1,937,000 pounds held elsewhere,
.
Extend Stabilization of
and
and manufacturing establishments,
refining
at
held elsewhere and in transit.
first
bales
239,278
cut,
942,797
:<
and
cut,
second
bales
68,286
•
bales
run.
Announcement of the extension
for
PRODUCTS
On hand
(500-lb. bales)
15
English,
>
ttIncludes 6.7J8 bales first cut,
mill run.
11,627 bales second cut, and 981 bales
two
years of the agreement
stabilizing the United States dol¬
lar-Mexican peso rate, was made
in the following joint statement
issued
June
12
by the Secre¬
tary of the Treasury of the United
on
Imports and Exports of Cottonseed Products
In the interest of national
of
retary
Finance
Changes in Holdings of Reacquired Stock
Public
and
Credit of Mexico, Eduardo Suarez,
in Mexico City, Mexico:
The
Of N. Y. Stock & Curb Listed Firms
Stabilization Agreement of
1941
between
the
and
Mexico,
under
United
States
undertakes
United
the
Stabilization
Fund
extended
for
today
a
period of two years beyond June
30,
1945.
The Agreement also
provides for periodic conferences
among representatives of the two
Treasuries
and
the
Bank
of
Mexico.
extension
The
the
of
stability
the
taining
1941
economic
and
is
States
for stable
relations
financial
Mexico
between
the rate
of
foundation
the
doing,
York
Stock Exchange announced on
following companies have reported changes
held
heretofore reported by the
as
and
the
United
Once
maintained.
the
International Monetary Fund pro¬
Department of Stock List:
Stabilization
Agree¬
Shares
Shares
Per Latest
Previously
Company and Class
Reported
of Stock—
1,128,983
Company, The, common
American Ice Company, 6% non-cumulative preferred
Associates Investment Company, common
Adams
Express
Corporation,
Atlas
Jewel
4,201
&
Inc.,
300
1,900
12,867
526
None
—
second
Cylinder
23,553
2,088
32,833
32,610
Gas Company,
Inc., common
49,300
25,624
14,519
20,919
39,300
common
and Dry Dock Co.—
preferred
39,500
4,999
73,025
4,299
Plymouth Oil Company, common
Incorporated, capital
Pullman
73,000
~
Bakeries Corporation, common
Oil Corporation, common
United Cigar-Whelan Stores Corporation,
United States Rubber Company, common
Wilson & Co., $6 preferred
30,469
Purity
.
21
None
common
17
22
50,697
50,698
NOTES
ent with it and will serve to sup¬
ation's efforts to stabilize the rates
ber
.
agreement
by the Secretary of the
the United
Charge
States of America,
d'Affaires of Mexico
nance
a
and Public Credit of Mexico
special representative of the
under the ^Employees Extra Compensa¬
represents shares delivered
July 20 the
securities which have reported
in their holdings of reacquired stock:
,
New
York
Curb Exchange made available on
following list of issuers of fully listed
changes
Company and Class of
American
the
Cuba
Gold
four years of
Agreement
noted in our issue of June
2608.
was
14, page
Vv
Crown
General
& Co.,
Stock-
Corp.,
Equity Corp., $3 convertible
Esquire, Inc., capital—
614
75,995
52,663
52,463
30.440
common
>
Stores Corp., common—..——.
New York Merchandise Co., Inc., common..
Inc.,
11,064
17
Mangel
L;—
common—
dividend prior stock.
!
!
*
267
11,060
Utility Equities Corp., $5.50
:
30,540
264
preferred™
Niagara Share Corp., B common—
Pacific Can Company, common—
i
-.
common..
Rus^eks Fifth Avenue,
1,065
613
74,445
common
International Utilities Corp., common.,
Bryant, Inc., 7%
443,461
830
—
preferred
Hygrade Food Products Corp.,
Report
435,586
common—.;
Inc.,
Per Latest
Reported
class A
Central Petroleum Corp.,
Carman
Lane
The extension for
Shares
Shares
Previously
Knott Corp.,
Bank of Mexico.
.
during the montn or
Plan.
Treasury
representing the Secretary of Fi¬
and
of outstanding warrants
signed today in Washington
was
the
Decrease
(4)
tion
The
The extension of this
exercise
,
ami
19^5
June
all the mem¬
countries.
issued upon
Shares
(31
plement the international organiz¬
and
Acquired 10,264 shares, issued 1,500 shares purchased under Officers
issued 1,500
Employees Stock Option Plan.
(2)
Purchased 17 shares, 12,358 shares delivered in exchange for assets
business of the Defender Photo Supply Company, Inc.
.
(1)
,
will be completely consist¬
ment
30,269
954,142
954,139
Sinclair
(4)
1,432
1,440
48,600
20,624
Corporation, capital
(3)
64,379
83,959
preferred
Newport News Shipbuilding
$5 cumulative convertible
(i)
122,814
2,100
McGraw-Hill Publishing Company,
(D
10,300
116,114
23,542
common
Square Garden
National
21,889
192,958
common
Cumulative
Madison
43,584
16,186
Johnson,
Co.,
Tea
1,129,433
4,301
43,334
Company,
Johnson
Report
;
184,194
common
The, capital
Columbia Pictures Corporation, $2.75 conv. preferred
du Pont (E. I.) de Nemours & Company, common
General American Transportation Corp., common
General Motors Corporation, common
Gimbel Brothers, $4.50 cumulative preferred
International Minerals & Chemical Corp., common
Borden
posed at Bretton Woods is in op¬
the
July 15 that the
in the amount of stock
to
purchase Mexican
pesos to the amount of $40 million
for the purpose of stabilizing the
U.
S. dollar-Mexican peso rate,
been
The New
States
which
security, the Department of Commerce
discontinued, until further notice, the publication of current
statistics concerning imports and exports of cottonseed products.
has
States, Henry Morgenthau, Jr., in
Washington, D. C. and by the Sec¬
of
13
(A)
Kingdom,
219,745
54,223
Hull fiber
stances.
of exchange between
12
The Allied
any
3,954,542
469,055
and
In the event
the part of the Ger¬
authorities or people prompt¬
eration
surrender of such
,
1943-44
1944-45
272.748
at
of exchange between the curren¬
cies of the two countries.
In so
and
July 31
1943-44
4,252,786
Arkansas—.
COTTONSEED
(B) The same will apply in the
case of any national of any of the
United Nations who is alleged to
resentatives for the
On hand at mills
...
Aug. 1-July 31
3,984,022
Arizona.
-
.
1944-45
1943-44
into
enters
United States Treasuries of main¬
any
Crushed
4,361,675
Alabama
(TONS)
ON HAND
AND
CRUSHED.
Aug. 1-July 31
1944-45
ARTICLE 14
This
apprehended and surrendered
the Allied representatives.
committed
RECEIVED,
♦Received at mills
nor
be
In the exercise of the su¬
preme authority with respece to
Germany assumed by the Govern¬
ments
of the
United States of
or
shall
Agreement is in accord with the
policy of the Mexican and the
to
July 31, 1945 and 1944.
COTTONSEED
proc¬
ing suspected of having commit¬
ted,
ordered
or
abetted
war
crimes or analogous offenses, will
rP<wm+teJned
restraint for
reasons
the
lamations, orders, ordinances and
has
(A) The principal Nazi leaders
specified by the Allied repre¬
as
or otberwise iind^
of
representatives, and
fully comply with all such
German
confihed, interned or
©the£Wn«e Under restraint, and all
f'inpH PePons who may be conre
the month ended
§Produced
haanner
all other
requirements
9
Pending the institution of
or
political
the
uncondi¬
BERLIN, June 5, 1945.
in
for and release
out
carry
Allied
tives.
station
<ntw
tionally
tives
no
the United Nations
i
shall
of failure
authorities
Wl11 in like
who
people
force
above
All Ger¬
authorities and the German
man
the
representatives will
forces and civil agencies
ration
ordinances and instructions for
the purpose of
laying down such
additional
German
(C) The German authorities and
Gerr?an
Proving0?
arising from
defeat of Germany.
The
Allied
representatives,
or
persons or agencies duly desig¬
nated to act on their
authority,
will issue
proclamations, orders,
hand, and cotton¬
on
products manufactured, shipped out, on hand and exported for
requirements
with the necessary equipment will
be made available and utilized for
removal of
showing cottonseed received, crushed and
seed
the complete
personnel
people will comply with any in¬
structions given by the Allied rep¬
*n accordance
or official po-
ahd
ment
Aug. 13 the Bureau of the Census issued the following state¬
will
Property and
elter' ™edical
g'^
witv!
other
eco¬
sions of this declaration.
and
movement
have
German author-
Germany addition¬
minefields
against his national law, and who
may
at any time be named or
designated by
rank,
office or
employment by the Allied repre^-
pris-
on
political, administrative,
nomic,
financial, • military
requirements, and of
giving effect to the other provi¬
or
adequate food,
hon
impose
forces, whether located in¬
outside Germany;
(B) Complete and detailed in¬
formation concerning mines,
side
of
people v/ill protect them
ZavSl f.ersons.a"d
provide them with
information
or
Germany.
of such
it?pFSand War'
°£
ties
all
representatives
may require concerning the num¬
bers, locations and dispositions of
the
United Nations,
and will furnish
full lists of these
in
Article
(A), and, in particular, will fur¬
nish
time to time named
authorities
laid
power,
in
to
by rank, office or employment
Allied
them, all prisoners of
ent
labor,
necessary
sentatives, in accordance
procedure
referred
1033
Cottonseed Receipts to July 31
On
The Allied representatives
al
good
6
German
release
land
furnished.
ARTICLE
(A)
(B)
will
transporta¬
repair,
therefor will be
con¬
river
sea,
maintained
and
7
authorities
cerned will furnish to the Allied
all
(B) At the demand of the Al¬
I. The
demilitarization of Germany,
they deem requisits for future
peace and security.
as
piilitary, naval, air, shipping, port,
•
& FINANCIAL CHRONICLE
and
representatives:
and temporary > land and
coast fortifications, fortresses and
with
v -.
;
German
manent
other
by the Allied repre¬
purpose
sentatives.
ARTICLE
(A) All or
articles
the
5
arxicle
THE COMMERCIAL
~~~.-y.~v.,--,.
745
j
319
-
•
780
>:
!
130,331
130,381
216,181
223,281
1,500
12,248
12,700
2,400
12,948
12,900
[
•'
*
j
BOND PROPOSALS AND
Alabama
Governor
Income
(State of)
Urges
Funds
Tax
Purposes—In
made ) by
State
of
Use
For
(P. O. Little Rock),
General
recent
a
address
Chauncey
Governor
Ark.
of $400,bonds offered on
161,
p.
821—was
refunding
28—v.
Sparks he opened a campaign for
adoption at a State-wide election
on Oct 2, of a proposed State con¬
Aug.
stitutional amendment to permit
tiie
ers
Lot No. 6
of State
use;
income tax
re¬
ceipts for general purposes.
Alabama's present income tax
amendment, adopted in 1933, spe¬
'
cifies
income
that
tax
revenues
shall be used to retire about $17,-
000,000 in bonds, issued to cover a
deficit, and that after the bonds
retired the proceeds shall be
are
used
the
reduce
to
tax
on
prop¬
erty^ All of the bonds have been
retired, or are about to be re¬
tired, ahd the State in the meantinie has granted tax exemptions
.on homesteads.
Mercantile
composed of
&
Bank
Commerce
-
25,000 Sacramento, Cal., Munici¬
pal Improvement, Series A
and B, 2%% bonds. Due Jan.
1, 1954 and 1955.
Co., St. Louis, Union Plant¬
National Bank & Trust Co. of
Memphis, and W. R. Stephens
In¬
vestment Co. of Little Rock, as
l%s,. at a price of 100.66, a basis
of
60,000
syndicate composed of Hill, Craw¬
Lanford, Mallory, Williams
Co.,
Securities
Co.,
&
Villareal
L.
E.
Corp.,
Little
Rock, and Ira Haupt & Co.
Lwrt!h
California
awarded
.that
there
is
New
State and to fill the
needed
$700,000 Metropolitan Water Dist.,
Cal., 4 and 4J/4% bonds. Due
Aug. 1, 1966 to Feb. 1, 1975.
;
ARIZONA
'
'
Henry Dahlberg & Co., of Tucson,
and Refsnes, Ely, Beck &
Co., of
Phoenix, in joint account, were
the successful bidders for the fol¬
described
$90,000
2%
bonds offered for sale on Aug. 20
*-rV;i:- 162,
p..
821.
The account
purchased the bonds at a price of
100.062.
i.r 1
t
>
,
'
r
Elementary
i
c
No.
t
known
School
Dis-
10
(sometimes
Amphitheater
as
School District No. 10) bonds.
1
i;Due serially
'
v
June
on
1
from
1946 to 1954 inclusive.
40,000 Ampitheater High Schoo
District
-
-
]'
!
No.
4
bonds.
Due
$5,000 yearly on June 1 from
1947
Each
1945.
to
1954
issue
inclusive.
is
dated
41/4
First
National
Bank,
Los
and
41/2%
bonds.
Due
1969.
200,000 Golden Gate Bridge and
Highway Dist., Cal., 33A and
4% bonds. Due July 1, 1958
to July 1, 1971.
the
To
Harris
^
Trust
&
Savings
Bank, of Chicago, at 112.61:
Lot No. 4
1951 to Feb.
1, 1963.
50,000 Waukegan Tp., 111., High
Sch. Dist. No.
119, 4J/4 and
43A% bonds. Due Oct. 1, 1948
to Oct. 1, 1953.
at
1949.
121.25:
(State of)
are
advising holders of State highway
refunding bonds of 1941 that they
prepared to prepay interest
due Oct. 1, 1945, upon
presentation of same to their Chi¬
cago or New York offices.
Of the
are
coupons
$136,330,557
bonds originally is¬
were
tional Bank of Orange, as 2s, at a
price of 100.525, a basis of about
1.935%. Dated Sept. 1, 1945. Due
$1,000
best
1966
100.541
for
1970, incl.
to
1965 inclusive.
1946 to
in
Second
Due on July 1 in
bonds.
offerea for
bonds
Aug. 28—v. 162, p. 925—
awarded to the First Na¬
on
4y2%
Valley
Spring
234,000
bid
offer of
an
was
tendered
214s,
by
Weeden & Co. of San Francisco.
Angeles County, Claremont
Los
Angeles), Calif.
Idyllwild Sch.
Riverside County*
Unified Sch. Dist. (P. O. Los
Dist. (P.
O. Riverside),
California
\
will
Sept.
Bond Offering—Sealed bids
be received until 10 a.m. on
A.
Offering—G.
Bond
Peque-
County Clerk, will receive
Sept.
gnat,
sealed bids until 10 a.m. on
1947
to
1948.
Dec.
15,
Denomination
Aug.
1,
:
1980.
42,000 Solano Co., Cal., Dixon
Union High Sch. Dist., 2y4%
bonds. Due Dec. 15, 1953 to
F-A.
Rate
1959.
122.75:
San
bonds.
Angelo,
Due
May
April 1, 1965.
Tex.,
5%
1, 1964 and
The next highest bidders
authorized
on
July 17, 1945.
Each bid
terest
Lot
No.
1
129
Lot
No.
3
131.84
Chase National
Bank, New
York, and Associates,
election
The bonds
only and at
must
in¬
interest
to
the
date
of
delivery,
separately the premium,
and the rate of interest
and state
if
any,
offered
issues
on
of
each
said
the
of
and
school,
the
bonds
for
high
shall be
separate issues.
Each
purposes
as
con¬
bid shall be for the entire amount
of
said
single
bonds
rate
of
interest
issue, and
any
the
amount
entire
shall
and
be
for
at
a
each
bid for less than
of
said
bonds
For Lot No. 7
107.38
Lawson, Levy & Willians,
and Associate,
Lot
Los
Angeles County, Long Beach
Unified Sch. Dist.
Angeles), Calif.
Other Bids—In connection with
...
No.
8
115.36
that the
bidder
par
and the rate of interest the
shall bear/ Enclose a cer¬
any,
bonds
than 5%
check for not less
tified
the
bonds bid
payable to the
of Supervisors.
Chairman
the
for,
amount
of
Board
San
Bond
California
Diego,
will
$el,
Offering—Sealed bids
be received until
11 a.m. °n
25, by Fred W. Sick, City Clerk,
for the purchase of the
coupon bonds aggregating $8,0UU,000:
$6,000,000 water system
of
bonds.
1945
extension
$200,000
Due
1947 to 1976 inc •
2,000,000 Mission Bay Recreation
Development of 1945 bona •
Due
$100,000 from June i>
from June 1,
1947
1966
to
inch
June
to
1, 1945. Interest
exceed 4%, payable
or
rates
interest ,
of
Pa^t
$1,000.
Denomination
rate is not
J-D. Ka.
must be
of 1%, a.n(J
more than three rates of inter
may be bid on the bonds 01 0
issue.
No bonds shall bear m
than
one
?/4
of
multiples
interest rate.
mium, if any, and the
or
rates
will
be
on
The P
issue of b
separately. P
each
stated
office, the
New York,
the
Bank
&
t
inter.es^_n^g
cipal and interest payable in 1
ful money at the City Treasu
Trust
(P. O. Los
delivery.
and accrued interest
to date of delivery and state sepa¬
rately the premium, offered, u
separate
For the purpose of bidding, the
bonds for elementary school pur¬
__
For
Each pro¬
only, and at not
must state
offers
bonds.
Lot No. 2
25,000 Seattle, Wash., Bridge and
133.419
or for
varying rates of interest on
Highway,
4%
and
4%% Braun, Bosworth & Co., Inc.
one issue will be rejected.
En¬
For Lot No. 4
bonds.
Due Sept. 1, 1955 to
112.186
close a certified check for 3% of
First Boston Corp.,
Sept. 1, 1957.
,
*
the bonds bid for payable to the
For Lot No. 5
40,000 Multnomah Co., Ore., St.
120.07
Chairman Board of Supervisors.
Weeden & Co.,
/- Johns Bridge, Series E, 414%
bonds. Due Dec. 15, 1953.
18,500 St. Helens, Ore., Refund¬
ing, 3% and 4% bonds. Due
Dec. 1, 1952 to Dec. 1, 1958.
of
date
posal
state that
the bidder Offers par and accrued
sidered
For
are
par
in
the
the
at
the
at
be
Principal
not less than par and accrued
poses
were
Bankers Trust Co., New
to
These
County Treasury.
held
Dated
payable
payable
will be sold for cash
1959.
20,000
interest
of
interest
bonds
To Boettcher & Co. of Denver, a ;
$1,000.
Interest
1945.
multiples of V4 of 1%.
and
the
of
and 1970.
1966 to
For
1960.
high school bonds. Due
Aug. 1, as follows: $2,000 in
1953, $6,000 in 1954, $7,000 in
1955 to 1959, $6,000 in 1960,
$7,000 in 1961, $9,000 in 1962
to 1966, $10,000 in 1967, $9,000
in 1968, and $10,000 in 1969
140,000
Alameda Co.,. Cal., Ora
Loma
Sanitary Dfjst., 2*4%
Due
less
interest to
than
1961, $8,000 in 1962, $9,000
1963 to 1967, and $10,000
i* 1968 to 1970.
55,000
bonds.
and accrued
sold for cash
in
•
For
Prepayment Of Interest Coupons
Stuart & Co., Inc.,
sale
1977 incl.
1966 to
school
annual
incl., and the balance
due serially on July 1 from
are
Mateo
Co.,
Cal.,
Ravenswood Elementary Sch
Dist., 2% bonds. Due Sept. 1
York,
1947 to Jan. 1,
—Halsey,
(P. O. Santa Ana), Calif.
Sale—The $20,000 semi¬
Bond
1970
to
San
10,000
$137,000 King Co., Wash., 4^4 and
41/2%
bonds.
Due
Nov.
1,
•
ARKANSAS
;
Orange County Silverado Sch. Dist.
in
and Sacramento
Cos., Cal., Rio Vista Joint
Union High Sch. Dist., 3%%
bonds.
Due Oct.
1, 1946 to
Lot No. 10
$25,000 Montgomery Co., Md., Re¬
funding of 1935, 3%% bonds. $12,000 Greenville, Tex., Water
Works and Sewer, 5% bonds
Due July 1, 1950.
Due April 1, 1948 to 1950
230,000 Detroit, Mich., Refund¬
26,000 Tyler, Tex., Hospital, 4%
ing, Series F, 2%, 3% and
bonds. Due Sept. 15, 1952 to
3%%
bonds.
Due
Oct. 15,
.
Arkansas
cisco.
$706,000 Hetch Hetchy 4J/2%
and 5% bonds.
Part of the
bonds mature semi-annually
on Jan. 1 and June 1 from 1966
Lot No. 9
To Blyth & Co. of San Francisco,
June
" \
Block No. 2
1,005,000 City and County of San
Francisco bonds as follows:
Solano
Lot No. 5
•
July 1 from
cisco, at 100.478:
of
$24,000
1953 to July 1,
'
!
incl.
reoffered
for public sub¬
4, by
J. F.' Moroney, County
Clerk, .for the purchase, of the, 4 for the purchase of $10,000 not
following not to exceed 5% semi¬ to exceed 3% interest building
.1947 to 1958.
<
-30,000 Sacramento Co/ Cal., Elk annual bonds aggregating $280,000: and improvement bonds. Dated
Grove Union High Sch. Dist.
$140,000 elementary school bonds. Oct. 1, 1945. Denomination $1,000.
Due Aug. 1, as follows: $1,000 Interest A-O. Due $1,000 Oct. 1,
4% bonds. Due Dec. 1, 1946
1948 to 1957. Principal and inter¬
to 1960.
in 1947 to 1951, $2,000 in 1952,
To Weeden & Co. of San Fran¬
$1,000 in 1953, $6,000 in 1954 est payable at the County Treas¬
The bonds will be
to 1959, $7,000 in 1960, $6,000 urer's office.
July 3, 1949 to July 2, 1965.
109,000 San Francisco, Cal., 4
and 4V2% bonds. Due Dec. 1,
School District Bonds Awarded-
$50,000
on
1958 to 1971
Aug. 31, 1948 to
Dist., 4V4% bonds. Due July
1, 1956 to 1960.
7,800
Amador Co.,
Cal., Ply¬
mouth Elementary Sch. Dist.,
4Vz%
bonds.
Due Jan.
1,
Angeles,
Cal., 4V2
bonds.
Due July 1, 1961 to
Aug. 1, 1965.
250,000 California (State of) 4,
$75,000
Pima County (P. O. Tucson),
j
Arizona
lowing
Highway
Due serially
bidder
bonds
1958.
Lot No. 3
.* J
y-,
Bridge and
District 4%% bonds.
1,209,000 Golden Gate
5%
Dist.
25,000 Colusa and Yolo Cos., Cal.,
Pierce Joint Union High Sch.
Portland, at 133.25:
Arizona
Clerk of the Board.
1
the
To
11,
according to James E. De Souza,
-
New
Lot No. 2
will be submitted to the voters at
an election scheduled for
Sept.
,
of
Co.
&
$433,000 New York, N. Y., Corpo¬
rate Stock, Rapid Transit and
Water Supply, 4V4 and 41/2%.
Due March 1, 1963 to Jan. 1,
1977. r
r
$11,000 school site purchase bonds
,
Devine
York, at 133.427:
Bond Election—The issuance of
y , ; *•
J.
Due
scription at prices to yield from
0.60% to 1.70%, according to ma¬
turity.
Dated Aug. 1 1945. Due
serially from Aug. 1 1947 to 1965,
incl. Legality to be approved by
O'Melveny & Myers of San Fran¬
successful
above
the
•
Maricopa County, Oshorn Sch.
Dwf. No. 8 (P* O. Phoenix),
j
C.
which
have been unavailable for the last
15 years because of depression and
then the war."
♦
•n-r
To
of
vacuum
improvements
bonds.
Bonds Offered for Investment—
The
65,000 5% school bonds. ,Due on
March 1, 1967.
Sch.
Union
terest cost of 1.7869%.
1,
incl.
Fran¬
San
of
Shasta Co., Cal., Cotton¬
wood
Lot No. 1
"The great surpluses that have
Co.
Lot No. 8
$20,500
131.177:
arisen and have not been spent in
operation costs are due to war
conditions.
They have been pre¬
our
Co.
&
cisco, at 117.21:
Francisco, Weeden & Co. of San
Francisco, and R. H. Moulton &
Co. of Los Angeles, jointly, at
clared:
of
Chicago,
of
San
of
Co.
Trust
American
tion, welfare and other State de¬
partments, Governor Sparks de¬
up
Trust
Weeden
Francisco, North¬
& Co. of San
ern
To
July
on
1959, and remainder thereafter
on
July 1 from 1964 to 1971
1, 1947 to 1956.
5,000 Los Angeles Co., Cal., San
Gabriel Sch. Dist., 5% bonds.
Due June 1, 1953 and 1954.
Associa¬
Bridge and
3%% bonds.
Highway District
First bonds due
15,000 El Paso de Robles, Cal.,
Water, 5% bonds. Due Feb.
National Bank,
First Na¬
Bank, of Portland, Blyth
tional
sufficient
building
1951.
of
York, Bank of America Na¬
Chase
tion, of San Francisco,
State funds to pay in¬
creased salaries to teachers and
meejt increased needs of educa¬
for future
$46,000 Kings Co., Cal., Corcoran
Union High Sch. Dist., 3V2%
bonds. Due- Aug. 15, 1946 to
follows:
tional Trust & Savings
money in
served
the
To
as
$0. 1
$269,000 Golden Gate
White,
,109.722:
Trust Co., Chicago, for
$2,145,000 l%s, and $6,355,000 as
2s, at a price of 100.30, a net in¬
Northern
.
Block
I
Lot No. 7
to
amounting
Angeles:
os
Sewer of
Due Dec.
of Oakland, jointly, at
$2,905,800 and offered for sale on
Aug. 16—v. 162, p. 721—were
Answering the claims of op¬
ponents of the proposed amend¬
ment
various lots of
bonds
municipal
ability to maintain."
our
Sch.
San Francisco, and C. N.
Bond Sale—The
three other bids
were
.
Levy & Williams, of
To Lawson,
CALIFORNIA
; "We are simply asking," Gov¬
ernor Sparks said, "that the peo- California Western States Life Ins.
pie reaeaicate it (the income tax
Company (P. O. Sacramento),
receipts)—not for tax reduction
but for,services in education, wel¬
fare/ health,
construction,
and
operations of necessary hospital
facilities, and for assistance to our
returning
veterans,
and many
pther activities of the State which
now, and always will, need in¬
creasing support in accordance
Cal.,
18,000 Manteca, Cal.,
1938, 3V4% bonds.
1, 1953 to 1956. , i
ford &
Southern
Union
Dist., 2V2% bonds. Due Dec.
1, 1959 to 1961.
48,000 Turlock Irrigation Dist.,
Cal., 51/2 and 6% bonds. Due
July 1, 1948 to 1950.
Sept. 1, 1945 and mature
serially on Jan. 1 from 1947 to
1956
incl.
Second high
bid of
100.28 for 1V2S was made by a
dated
&
Co.,
High
Costa
Contra
Acalanes
The bonds are
1.385%.
about
there
that
California
municipal submitted as follows:
A syndicate headed by the
bonds aggregating $2,483,000,^of¬
First
fered for sale by the State Em¬ National Bank, Chicago,
Halsey
Stuart & Co., as l3/4s, at a price
ployees
Retirement System on
Aug. 28, were awarded to a syn¬ of 100.2099, net interest cost of
dicate composed of the American
1.72%; a syndicate headed by the
Trust Co., Blyth & Co., both of Chase National Bank, New York
San Francisco, the First Boston
Chemical Bank & Trust Co., New
Corp., -Weeden
& Co., Heller, York, as l%s, at a price of 100.139
Bruce & Co., both of San Fran¬
a
net interest cost of 1.736%; a
cisco, andTl. H. Moulton & Co. of syndicate headed by Blyth & Co.,
following
$74,000 Stockton Port Dist., Cal.,
4%
bonds.
Due
March 1,
1950 to Dec. 1, 1958.
Trust
awarded to a group
122.73
(State of)
Portfolio Bonds Awarded—The
California
bid):
of the bonds aggrega¬
$8,DUO,000 on Aug. 21 to the
Bank of America, N. T. & s. A
of San Francisco, as detailed here
—v.
162, p. 925—it is now stated
ting
& Co.,
Lot No. 10--
For
Blyth & Co. of San Francisco,*
and Associates, at 115.34
(only
the award
98.97
9
For Lot No.
Harvey Klein
To
Bond Sale—The issue
000
1960.
Due July 1,
bonds.
Pulaski County, County Sch. Dish,
Water, 3%
Ore.,
Salem,
50,000
have
sued, over $8,600,000 already
been retired by the State.
ALABAMA
i
NEGOTIATIONS
,
B
»
branch 1
National City
or
of
at any
America -
Savings
Nation^
Association,
bonds shall
Lantornia.
ine
not
sold for cash only and
California.
The
1
j
*
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4417
Volume 162
and accrued interest
delivery. All bids must
be for the entire issue, and no
hid for one issue only or a part
of an issue will be considered.
The bonds will be awarded and
sold to the highest bidder or bid¬
ders therefor, that is, to the bidder
or bidders offering such
rate or
rates as will produce the lowest
interest cost to the City over the
life of the bonds, after deducting
the premium offered, if any. The
successful bidder or bidders shall
be required to take so many of
the bonds as he or they shall bid
for and which shall be awarded to
him or them by the Council at the
rate or rates fixed, and upon 10
days' notice from the City Clerk
that the bonds are executed and
ready for delivery. Payments for
and delivery of the bonds will
be made -at the City Treasurer's
office, or at the Bank of America
than par
less
date of
to
Savings Asso¬
ciation, Los Angeles. The bonds
National
Lot' No,
19—To Glore, Forgan
Co., of New York Harriman
Ripley & Co., Inc., First Boston
Corp., Geo. B. Gibbons & Co.,
Inc., and Adams, McEntee & Co.,
&
both of New
Portfolio Bonds Awarded—It is
that various county, mu¬
nicipal and State bonds aggregat¬
ing $1,572,000, which are a part
of the lots for which all bids
ceived
general obligations of the City
pursuant to the charter
of said City and under an Acct
sometimes
referred
to
as
the
Municipal Bond Act of 1901. Ref¬
erence is made to Ordinance No.
2996
(New Series) of the City,
adopted May 15, 1945, for further
information regarding said bonds
which can be seen, together with
all other papers and documents
covering proceedings to date re¬
lating to the issue of said bonds,
-
of
office
the
at
O'Melveny
&
Myers of Los Angeles, or at the
office of the City Clerk. The orig¬
inal
opinion
of
O'Melveny
&
Myers of Los Angeles, approving
the validity of these bonds, will
be furnished the successful bidder
bidders at
or
prior to the de¬
or
livery of said
pense
bonds, at the
of the City. Enclose a
tified
check for
2%
of
the
ex¬
cer¬
to the
San
ler, City Clerk, will receive sealed
bids until 7:30 p.m. on Sept. 4 for
Savings Bank of Chicago, the
First National
Julius A. Rippel
and
of
convention hall ponds. Dated
Sept..,l,
Sept. 1, 1945. Denomination $1,000
Due
as
follows: $8,000
1961.
on
any
on
or
30 days' published notice. Rate
rates of interest must be in
multiples
of
than
more
y4
of
two
1%
' rates
named.
and
not
be
interest
may
Principal and
(M-S) payable at the City Treas¬
urer s
eral
& Co., Inc.,
Lot No. 23 to Ira Haupt &
Co.,
of New York.
Lot
No.
to
24
J.
T.
Raney
&
Sons of Little Rock.
office.
The bonds
obligations of the
are
gen¬
city and
1945
the
to intro¬
Legisla¬
property owners
outskirts
of
Mr.
town.
Cobb refused to do so, explaining
the proper agency to handle the
matter
was
the courts.
Of the original
377,000,
there
offering of $9,remains only
be sold, which
now
still
lots
four
to
Nos.
7, 9, 13 and 20, totaling
$559,000, for which bids are still
being invited.
are
Easton,
Conn.
Bond Sale—The
$60,000 coupon
semi-annual school bonds offered
for sale
—were
Aug. 28—v. 162, p. 821
on
awarded to Day, Stoddard
& Williams of New
Haven,
as
Is,
price of 100.469, a basis of
about 0.92%. Dated Sept. 1, 1945.
at
a
Due
$5,000 from Sept.
1957
1, 1946 to
inclusive.
Other bids received were listed
as
follows:
For
R. L. Day
1% Bqnds
& Co
100.29
___
100.215
Estabrook & Co.
100.169
Putnam & Co.
,
For 1.10%
Bonds
100.096
White, Weld & Co
1 %%
For
Bonds
For
1.20% Bonds
Higginson Corp. ____.100.27
Lee
ILLINOIS
Barry Community High School
Dist. No. 181, Illinois
Bond
Issuance
of
—
recently
Directors
its
nounced
meet
Intended
intention
to
The
an¬
issue
amounting to $12,860 to
past due teachers' salaries
and other claims.
Bond
Kelly
Chicago, III.
Offering Ordered—Mayor
is
Robert B.
said to have instructed
Upham, City Comptrol¬
ler, to advertise for sale at once
the $15,000,000 airport bonds ap¬
proved by the voters last June.
Board of Education
(P. O. Chicago), III.
Warrants
Called—J.
B.
McCahey, President, of the Board of
Education, called for payment on
Aug. 24, the following tax antici¬
pation warrants'
Building Fund, 1933, Nos. B15734 to B-15742, dated April 12,
Fund, 1934, Nos. B7035 to B-7036, dated Oct. 7, 1935.
Building Fund, 1935, No. BBuilding
1760, dated Dec. 24, 1935.
Playground Fund, 1933, Nos. P2318
to
P-2320, dated Jan. 28,
Homestead, Fla.
Bonds
Approval
Sought—The city is said to have
the
petitioned
bear
3% interest. We understand
hearing on the • validation
of the bonds has been set for 10
that
a.m.
a
on
Aug. 30.
It is stated that
$12,000 annual interest saving to
will be effected by the re¬
funding, a contract for which has
been entered into with Miami and
a
the city
Bank
tem and were issued to refund an
water
nanted
and
charge
at
a
lower in¬
The Village has cove¬
terest rate.
to
debt
works
outstanding
of
amount
equal
legal opinion
of
New York bond
dealers,
(P. O. Cameron), La.
Sale—The $140,000 semi¬
Bond
building
annual
offered
bonds
Due
at all
times to
principal and interest
due, all costs of operation
maintenance, and to provide
adequate depreciation fund.
the
curities
Township (P. O. Timewell),
Illinois
Bonds
Sold—It
is
stated
by
.
Robinson,
Township
Clerk, that $30,000 road improve¬
ment bonds were purchased by
Francoeur & Co. of Chicago, as 2s
par.
Jan.
Dated May 1, 1945. Due
1 as follows:
$3,000 in
1950, and $4,000 in 1951
1956, all inclusive.
Interest
payable J—J.
to
McLeansboro
Tp. (P. O.
McLeansboro), III.
Bonds
Sold—It
is- stated
by
of
3V4s, the next
Corp., and associates,
100.00 for $19,000 as
$89,000 as 3s, and the remaining
$32,000 as 2%s.
1
Monroe, La.
Certificate
Offering
will
received
bids
Lee
1946 to
15 in
offer by the Equitable Se¬
an
was
Feb.
on
•
on
Aug,
on
162, p. 613—were awarded
to Dr. Charles F. Boagni, and the
Planters Trust & Savings Bank,
both of Opelousas, jointly,: as 2s,
at a price of 100.302, a basis of
ebout
1.975%.
Dated Aug; 15,
22—v,
Legality approved by Chapman &
Cutler, of Chicago.
at
sale
The only other bid received
when
Russell
equipment
and
for
1945.
by
be
—
Sealed
until
10
A. Poag,
City Secretary, for the purchase
of $336,000 electric system rev¬
A. M. on Sept. 27, by P.
of indebtedness.
certificates
enue
Interest rate is not to exceed
5%,"
semi-annually.
Denom-?
ination $1,000. Dated Feb. 1> 1942.
Due
as
follows: $5,000 in 1946,
$4,000 in 1947 and 1948, $3,000 in
1949 and 1950, $2,000 in 1951 to
1956, $45,000 in 1957, $47,000 in
1958, $50,000 in 1959, $52,000 in
1960, $54,000 in 1961 and $57,000.
in
1962.
Optional for redemp¬
tion on and after Feb. 1, 1947, at
par and
accrued interest and a
premium of $2.50 per certificate
for each year or fraction thereof •
intervening between the redemp¬
payable
Township
Clerk, that $32,000 road bonds
Educational Fund, 1944, Nos. Ewere purchased on
July 30 by J.
2228
to
E-2631, dated Sept. 15 H. Bruce of Mt.
Carmel, as l3/4s,
and Oct. 16, 1944.
tion date and the stated date of
at par. Dated Sept. 1, 1945.
Due
Building Fund, 1944, Nos. Bmaturity. Rates of interest must
$4,000 from Jan. 1, 1947 to 1954,
3376 to
B-3563, dated Feb. 10, inclusive. Principal and interest be expressed in multiples of y4 p£
1944.
(J-J)
payable
at
the Peoples 1%. These bonds are part of a
total authorized issue of $875,000,
Playground Fund, 1944, Nos. P- National Bank of McLeansboro.
263 to P-275, dated Feb. 10, 1944.
of which $65,000 have heretofore
Marion Tp., High Sch. Dist. No.
Free
Text
Book Fund,
1944,
matured.
The certificates of the
200 (P. O. Marion), III.
Nos. T-508 to T-534, dated Feb. 10,
total authorized issue have been
Bonds Sold—It is reported that authorized for the purpose of ex¬
1944.
Frank
Pemberton,
Holders of these
warrants were
required to present them to the
Board of Education, City of Chic¬
Room 352, 288 North La
St., on or before Aug. 23',
in order that same might be veri¬
fied and interest computed so that
cash warrants drawn on
Treasurer may
ment
of
126, also in the
Ackley, Iowa
Election—The
Bond
denomination
light
and
power
solely from and are secured by a
IOWA
thereof.
$5,000.
electric
the
Barcus,
be issued in pay-'
Chicago), III.
Warrants
Called—It is stated
by Victor L. Schlaeger, County
Treasurer, that the following 1944
county tax warrants are being
called
for
payment: Corporate,
Nos. 137 to 376, in the denomina¬
tion of $5,000 each, and Nos. 29
tending, enlarging and improving
Kindred & Co. of plant system of the City, and to¬
Chicago. Dated Aug. 1,1945. Legal gether with the remainder of the
approval by Charles & Trauer¬ authorized issue, are payable as
nicht of St. Louis, Mo.
to
both principal
and
interest
by
the City
Cooh County (P. O.
to
$150,000 2V4% semi-ann. building
were
purchased recently
bonds
first
issuance
$50,000 recreation center bonds
will be considered by the voters
at an election scheduled for Sept.
of
Iowa
Offering—S.
will
results in the lowest interest cost
to the City
without consideration
The City reserves
reject any and all1
bids and to sell all or part of said
bids
All
issue.
F. Jeppe,
School Di¬
receive sealed and
Secretary of Board of
rectors,
awarded to the bidder whose bid
premium.
the right to
Consolidated Sch. Dist.,
Bond
The Certificates will be
system.
of
11, it is said.
Bennett
of the net revenues
pledge
derived from the operation of the
Interest accrued on the oral bids until 8 P. M. on Sept.
Melveny, & Myers of Los An¬ r Bond Call—It is stated by R. E. said warrants will terminate on 6 for the purchase of $100,000
geles, Will be furnished without Edwards, City Clerk, that all out- Sept. 4. Money for the payment building bonds.
Dated Sept. 1,
cost to the
purchaser. A certi- !s tan-ding2%-5%
refunding of said warrants is available and 1945. Due as follows: $3,000 Dec.
^ check for
will be paid through any bank or
3% of the bonds bonds of the issue of $980,000
I, 1946; $5,000 on Dec. 1 from 1947
bid
for, payable to order of the Series of 1937, are being called to the County Treasurer.
to 1963 inclusive; $6,000 on Dec.
city, is required,;
for payment on Oct. 1. Dated Oct.
1, 1964, and $6,000 on Sept. 1,
Cook County Community Cons.
1965. All other circumstances be¬
1, 1937.
Payable at the Irving
Sch. Dist. No. 34 (P. O.
s>S°UJfLSan Frandsco, Calif.
Trust Co., New York City.
ing
equal, preference will be
All
Bond Election
Glenview), III:
Held—City Clerk
unmatured interest coupons must
Dan
given to the bid of par and ac¬
Bond Sale—The $60,000 coupon
McSweeney ■ reports that an
be attached.
election was held on
semi-annual building bonds of¬ crued interest or better naming
Aug. 31 to
the lowest rate of interest.
Dis¬
nave the voters
fered for sale on Aug. 28—v. 162,
pass on the issuOcoee, Florida
trict will furnish legal opinion of
Bonded
Debt
Reduced
By p. 722—were awarded to the First
.$*75,000 recreational, fire
and police
Chapman & Cutler of Chicago,
department, sewer and Court Action—The city's bonded National Bank of Chicago, as IV2S, and all bids must be so condi¬
Paving bonds.
at *a price of 100.20, a basis of
debt has been cut from $300,000
tioned. The issue was authorized
about 1.41%. Dated Aug. 1, 1945.
to $150,000, by action of the U. S.
Stockton, Calif.
at an election on Aug. 3.
Due $10,000 from Aug. 1, 1958 to
District' Court at Orlando, with
ninii
,Ele®tion — At the mu1963 inclusive.
Boone, Iowa
nicipal election to be held on Oct. the resolving of the bankruptcy
Only other bid received was an
Bonds Sold—It is reported that
proceedings and the entering of
; the voters will be asked to pass
^
interlocutory
decree.
The offer by Halsey, Stuart &#Co., $24,000 city hall refunding bonds
Proposed issuance of $2,- an
were purchased recently by Shaw,
court order authorizes the city to Inc., of 100.155 for 1V2% bonds.
iu school construction bonds, issue to bondholders 50% bonds
McDermott & Co. of E)es Moins,
issuance
Hamilton County Sch. Dist. No. 39
of
$1,750,000
as iy4s.
nonds for sewers.
which will be dated Jan. 1, 1945,
(P. O. McLeansboro), III.
and will bear interest at 1 % for
Bonds Sold—It is reported that
Cedar Rapids Indep. Sch: Dist,
five years, 3% for five years, and
CONNECTICUT!
$44,000 2%% semi-ann. gymnasi¬
(P. O. Cedar Rapids), Iowa
4%- thereafter to maturity.
The um bonds were sold recently.
Insurance Company
Bond
Election—The Secretary
maturity date is 35 years from Dated July 15, 1945. Legality ap¬
of the Board of Directors con¬
^
Hartford), Conn.
the date of issue.
Bends Sold—Five lots of
proved by Charles & Trauernicht firms our report-~v. 162, p. 925—
State,
Certificates of indebtedness will of St. Louis.
and
that an election will be hold on
municipal ;< bonds
be issued for the remaining 50%
Sept. 17 to have the voters pass
Heyworth, Illinois
anTw g t0 $1>839,000, for which by the City of Ocoee and these
Bonds Offered for Investment— on the issuance of $750,000 con¬
on
15 were will be paid off at any time with¬
struction bonds.
/.
A $51,300 issue of 3%%
as
follows-aVG SmCe been awarded in one year at 20 cents on the water revenue refundingsemi-ann.
bonds is
dollar.
v
Sheridan School Township (P. O.
anH0tnN°- ?~To Ira HauPt & Co., ^Exclusion suits on statutory being offered by Benjamin Lewis
Eldridge), Iowa
both ?f°r;a
Mackinnon & Co., grounds have reduced the area of & Co. of Chicago, for general
Bonds Offered—Bids were re¬
,oth of New
public subscription. Dated Feb. 1,
York, jointly.
the city and the assessed valua¬
ceived until Aug. 29, by the Sec¬
1945. Denomination $500, one for
Hnrrif0' 8~To lra HauPt & Co., tion of properties within the city $300. Due Feb. 1, as follows: $300 retary of the Board of Directors,
wornblower & Weeks, and
Tripp by some 50%.
for the purchase of $3,000 not to
in 1950, $500 in 1951 to 1975, and
Petitioners in the area subject
exceed lM%, semi-annual school
Lot's' w °£ New York' jointly.
to
"debt
service -charges" - ap¬ $38,500 in 1976. Bonds maturing building bonds. Due $500 from
Feb. 1, 1976, are optional Feb. 1,
pealed
to
Tyn
Cobb,
Orange
jne approving
O
Catnerpn Parish Sch. Dist. No. 15
1975.
revenue
an
LOUISIANA
ordinance
sufficient
and
interest date.
any
collect such rates
as will provide
agreed
and
service
pay
;•
1, 1946 to 1951; optional on
Nov.
&
Co., Chicago. These bonds,
in the opinion of counsel, consti¬
tute valid and legally binding ob¬
ligations of the Village payable
solely from the revenues derived
from the operation of the mu¬
nicipally-owned water works sys¬
1935.
Salle
Refunding
National
American
Trust
1949 and
I935
ago,
FLORIDA
in 1951 to 1961, $1,500 in
1962, and $2,000 in 1963 to 1975.
Principal and interest payable at
$1,000
the
"O
103?
for water
Chicago
Circuit Court re¬
incl.; and $5,000
Callable Sept; 1,* 1950 or cently to approve the issuance of
subsequent interest date $947,000 in refunding bonds, to
from 1946 to 1960
In
include
Portland,
jointly.
Newark,
of $125,000 not to
4% interest assembly and
in
of
Bank
R. W. Pressprich & Co., Goldman,
Sachs .& Co., both of New York,
!
f
14 to the Harris Trust
Lot No.
&
purchase
exceed
to
the
on
bonds
C. W. Scranton & Co. ___.100.15
Gabriel, Calif.
ture
biR
a
Board
Bank of New York.
\ Bond Offering—Carl E. Gruend-
the
follows:
as
Lot No. 2 to the Chase National
total
value of the bonds, payable
City Treasurer.
par
re¬
Aug. 15, were rejected,
on
have been awarded
are
issued
duce
stated
&
Trust
York, jointly.
County representative,
1
7,
must
be
condi¬
tioned upon the approving opinion
& Cutler, of Chicago.
of, said opinion and of
of Chapman
The
cost
the
printing of the Certificates
paid by the City. Enclose
will be
a
certified check for $7,500, pay-,
to the City Treasurer.
able
New
Iberia, La.
— Sealed
bids
Offering
Bond
will be received until
7 P. M.
on
'
.
w
»
rSeSS?^C®lv^;
'
.
25, by G. O. Pharr, City
Clerk, for the purchase of the
following» public
improvement
construction
bonds
aggregating
Sept.
$150,000: $75,000 drains and $79,-.
000 sewers bonds.
not
exceed
to
Denomination
Interest rate iis
4%, payable A-O.
$1,000. Dated Oct.
1, 1945. Due from Oct. 1, 1946 to
1955.
Separate bids are required
on
each issue.
These bonds w^re
approved by the voters on Aug.
21. The approving opinion of B.
A. Campbell of New
the
transcript
of
Orleans, and
will be
record
furnished to the successful bidder
without
for
not
issue,
cost.
A
than
less
certified
check
$1,500 for each
payable to the
the bid.
city,
must
accompany
New Orleans, La.
r
/
Bond Call—Jess S. Cave, Com-:
missioner
for
of
payment
price
Finance, is calling
at the redemption
of 105% of the principal
thereof, together with ac¬
interest thereon, on Oct. 1,
amount
crued
out of moneys
in the Interest and
Sinking Funds, certain City of
New
Orleans,
La., Public Belt
Railroad
Bridge
Revenue
bondg
issued under indenture dated
1,
1932,
,
as
Oct,
amended by supple*
•
mental {indentures
1933, and Oct 1, 1935, respect¬
ively, aggregating $47,000.
Said bonds are payable at the
office
principal
National
the
Hibernia
New
Orleans,
of
in
Bank
trustee, or, at the option of the
respective bearers, at the Chemi¬
cal Bank & Trust Co., fiscal agent,
New. -Vork, at the Manufacturers
Trust
po., paying agent,
New
York, upon presentation and sur¬
render
of
said
maturing
coupons
after
and
on
the
of
and
bonds
such redemption date.
Interest will
the
Oct.
from
1,1943.
Buchanan, Michigan
Offering — Sealed
on
accrue
and. after
,
^
(CST), on Sept. 6, by Harry A.
Post, City Clerk, for the purchase
of $20,0u0 coupon water revenue
Interest rate is not to ex¬
bonds.
4%, payable J-J. Denom¬
$1,000. Dated June 1, 1945.
Due $1,000 from July 1, 1947 to
1966.
Redeemable at the option
ceed
ination
the
months of this year, the
seven
city has expended for all purposes
$37,135,364.64, or 59.28% of the
total appropriations, according to
City Budget Director Herbert Fal¬
ling
Included in these expendi¬
tures-Ms $10,517,559.16
for debt
service and pension fund, the bal¬
ance
6i $26,617,805.48 represent¬
ing the total expended for oper¬
ating purposes, or 55.70% of the
operating
appropriations.
This
compares with
57.00% for 1944,
and
56.38%
for
days' notice.
30
1943.
Revenue collections
during the
totaled
$50,901,314.50, as compared with
$49;751,844.56 for the same period
of111944, and $47,863,426.01 for
1943.
*
Montgomery County (P. O. Rock-
./-/.Vj
ville), Maryland
,
Price
•
Paid
—
It
is
stated
now
th£t the $20,000 Hillandale Vol¬
unteer Fire Department bonds
sofd to the Suburban National
Bank of Silver Spring, as l%s—
V...162, p. 926—were awarded at
Due
par.
$1,000
from
Sept.
1,
1946b to 1965, inclusive.
MASSACHUSETTS
y4
of 1%.
Principal and interest
at
}
Boston, Mass
Note Sale—It is stated by James
Flanagan, City Treasurer, that
$1,000,000 temporary loan notes
on
Aug. 29
and | were
awarded to Halsey,
Stuart & Co., Inc., of New York,
at
0,45%,
plus
a
premium
of
$23.00,, Dated Aug. 31, 1945. Due
on
j Nov.
9, 1945. The Chemical
Bank 3c Trust Co., and the First
Bpsjton, Corp. bid 0.58%.
Notes
Offered
successful
to
bidder
above
notes
price
to
for
-
.
Public—The
reoffered
the
subscription at
yield
No.
Act
Public
94,
ooligation of the City,
solely from the
general
but
payable
are
of the Water Works Sys¬
revenues
first lien on all
sucn
revenues,
subject only to
payment of expenses of operation
and
tem,
and
are
a
issued payable from
such revenues, Which have a prior
or
equal
standing
with
these
The bonds will be award¬
bonds.
to
the
bidder
whose bid pro¬
the
lowest
interest
ed
the City after deducting
—
will
be
not
II A.
bids
M.
on
Aug., 3i, by Joseph E, Luoey, City
Treasurer, for the purchase of the
following bonds aggregating $82,000'
''V
ceiving bids to the respective ma¬
turity dates.
No bids for less
than all of the bonds will be
Due
on
Sept. 1 as follows:
i ? $11,000 in 1948 and, 1947 and
/
$10,000 in 1948 to 1950.
>
Denomination
$1,000.
Dated
Sepfc 1, 1945. Principal and inter¬
est ;payable at the Merchants Na¬
tional Bank of Boston.
••
) :.Z
con¬
Bids shall be conditioned
sidered.
the unqualified opinion of Mil¬
on
ler, Canfield, Paddock & Stone, of
Detroit, approving the legality of
the bonds. The cost of said legal
opinion and the printing of the
bonds will be paid by the City.
a
certified
check
for
$1,000, payable to the City.
These are the bonds originally
offered for sale on July 16.
t
:
Bond Call—It is stated
by Min¬
Reeves, City Treasurer,
that
all
outstanding
refunding
bonds Series A, dated Oct. 1, 1935,
payable on Oct. 1, 1965, subject to
redemption at par and accrued
nie
100.379,
a
basis
are
dated Sept.
1, 1945
Sept. 1
a
recent elec¬
bonds.
MINNESOTA
Sturdy,
Thorndike,
Palmer
Albert
Lea, Minn.
Offering — C. V. Jones,
City Manager, will receive sealed
Bond
bids until 7.30 p.m. on Sept. 24 for
the purchase of $111,000 refund¬
ing
bonds.
Dated
Denomination
as
follows:
1951
a
Sept.
$1,000.
$20,000
i,
1945.
Due Jan. 1.
from
1947
the
cify requested
separate
bids
omeither $200,000 bonds, due $40,-
accompanied by a certified
check for $780, payable to order of
the County Treasurer.
Election
receive sealed bids
Sept. 10 for the
purchase of $40,000 not to exceed
1 Vz %
interest coupon refunding
bonds.
Dated Sept. 1, 1945.
De¬
nomination $1,000. Due July 1, as
follows: $10,000 from 1947 to 1949
inclusive, and $5,000 in 1950 and
will
Bidder
1951.
to
name
interest.
of
rate
Bids
single
a
be
may
conditioned upon to the extent
of
approving legal opinion of Dor¬
sey,
Colman, Barker,
Scott &
of Minneapolis,
which
Barber,
must be accepted by the success¬
Purchaser to furnish
ful bidder.
legal opinion
and printed bonds
Bids to be
provided by the
district and must be accompanied
by a certified check for $1,000,
payable to order of the District
his
at
own
made
expense.
forms
on
Treasurer.
Millc Lacs
No. 13
Bonds
were
County Indep. Sch. Dist.
(P. O. Milaca), Minn.
Offered
received
Sealed
—
until
7:30
bids
voters
approved in
11. These bonds were
passed by the Legislature
in 1944, as joint project of the
City and Harrison County. It is
stated that the Federal Govern¬
ment
would participate in the
grant of $93,836.
project with a
Subsidy—The
city and town governments in this
State
warned
were
Vaughn
recently
bv
D.
Griffin, president of
Hampshire Taxpayers
Federation, "to refrain from ef¬
forts
encouraging a renewal of
Federal subsidy of local
govern¬
ments, in these days when our
the
New
Federal
with
Government is burdened
$250,000,000,000 debt while
a
reported that
States, cities and towns have
debts in a decade.
"All of us publicly assert
our
$30,000 3% semi-annual refunding
of 1945 bonds were purchased re¬
devotion
to
local
self-govern¬
ment," he said, "and if we really
Bonds Sold—It is
Saunders & Co.
cently by M. A.
Dated July 1, 1945.
approval by Charles &
Memphis.
of
Legal
Sch. Dist. (P. O.
Sumner), Miss.
Bonds Sold—A $25,000 issue of
3% semi-annual refunding of 1945
Sumner Separate
said
is
have
to
been
pur¬
Saunders
& Co. of Memphis. Dated July 1,
1945. * Legal approval by Charles
chased recently by M. A.
Trauernicht
&
Louis,
St.
of
Mo.
Yazoo
City, Miss.
Bond Sale—The $300,000 semi¬
sale
electric
and water
1945, offered for
Aug. 27—v. 162, p. 822—
on
light
of
bonds
awarded
were
tional
Yazoo
Delta
the
to
Na¬
and the Bank of
both
local banks,
Bank,
City,
jointly, at a price of 100.05, a net
interest cost of about 1.17%, on
divided
bonds
the
follows:
as
$150,000 as Is, due $25,000 from
Sept. 1, 1946 to 1951; the remain¬
ing $150,000 as IV4S, due $25,000
Sept. 1, 1952 to 1957, all incl.
from
MONTANA
Sanders
Falls), Montana
Maturity—It is now stated by
the Clerk of the Board of County
house
court
Bank of
$95,000
to
bonds sold
headed
dicate
the
that
in
believe
the
government
people
that
should
we
close
to
not
knife
back by
government in the
encouraging the
assumption by the Federal Gov¬
ernment through money subsidies
of local responsibilities.
"Taxpayers'
organizations all
over the country," Mr. Griffin de¬
clared, "are opposed to the indis¬
criminate-granting
of
Federal
subsidy
after
the
war.
They
favor making our State and local
governments stronger,
take
of their
care
federation
Our
they
so
own
can
functions.
here
in
New
Hampshire goes further, and is
backing the following program:
the
"1—That
Federal
Govern¬
ment cease
subsidizing the Ameri¬
citizen directly, ignoring our
can
local governments and
and
State
weakening
them.
All
grants
should channel
through our State government.
"2—That the Congress refuse to
thereby
Federal
in subsidies of functions
engage
which
Federal
are
in
character.
where
people the
country over use them, clearly are
Highways,
national in importance and Fed¬
County (P. O. Thompson
Commissioners
lowest
at the same time
Trauernicht of St. Louis.
bonds
our
the
Sumner, Mississippi
a
syn¬
by the First State
Thompson Falls, as 1.15s,
at par—v.
162, p. 724—are due
$9,500 from Sept. 15, 1946 to 1955;
redeemable in full 5 years from
date of issue.
Interest payable
M-S.
Flood
eral aid makes sense.
con¬
States and like¬
wise is Federal in nature. What
trol affects many
is
Federal, however, about a relief
in Concord, a school program
Lancaster, polluted water in
Meredith, a city hall in Man¬
chester, farming in Brentwood?
These
are
local problems, and
should be paid for by local people
under local or State supervision.
case
in
Yet every one
of these and many
receive
other local functions now
NEBRASKA
on
p.m.
Aug. 30, by Waldo Allen, District
Clerk, for the purchase of $37,000
the
to
the bill
works
cation,
bonds
election to be held on Sept.
annual
until 7.30 p.m. on
of
issue
An
purchase
submitted
New Hampshire (State of)
Municipalities Warned Asrain^
Renewal of Federal
]
Miss.
—
hospital
be
an
Superintendent of Board of Edu¬
maturing after Jan. 1, 1953,
subject to redemption on
Jan. 1, 1946, and on any interest
be
name
a
single rate of
pany
suitable
bank
or
trust
Bank
designated by the successful
City will furnish printed
the
Co. of
City
Clerk,
will
Bes-
receive
sealed bids until 7:30 p.m. on Sept.
10 for the purchase of $1,300 not
to
exceed
4%
varying amounts of Federal
Crete, Nebraska
<
"3—That small pressure
aid.
groups
is
eapolis,
100.05.
IV4S,
as
Second
at
best
price
bid
Thief
River
of
was
offer by the Allison-Williams
of 100.20 for 1.30s.
5,
following not to
aggregating
$310,000: $250,000 municipal water
system,
and
$60,000
municipal
light and power plant bonds.
bonds.
Township
(P.O. *
Underwood), Minn.
,
Bond
Bonds Voted—At
an
election
on
con¬
is stated by
City Clerk, that at
be held on Oct. 2,
election to
an
the
will
voters
suance
used
of
in
war
pass
the
on
is¬
$2,975,000 bonds, to be
connection
with
post¬
a
program.
Sidney,
Sale
Bond
electric
their de¬
transfer
they
thus seek¬
ing to set up the Federal Govern¬
ment as a competitor of the State.
mands to Washington,
NEW JERSEY
Bond
be
Hackensack, N.J.
Offering—Sealed bids win
8
until
received
p.m.
is
now
system
rev¬
bonds sold last April to the
Kirkpatrick-Pettis Co. of Omaha,
(EW1
»
11, by Ethel Hoyt City
Clerk, for the purchase of ^i<v
on
Sept.
000
registered general
or
coupon
refunding bonds. Interest rate
not to exceed 6%, payable J-i •
Denomination $1,000.
Nebraska
Details—It
the City Clerk that the
2%
the State Legislature
consideration.
Never¬
by
full
...
Election—It
Theo. H. Berg,
Dated Sep
.
1, 1945. Due on Dec. 1 as follows.
$22,000 in 1950 and 1951, $30.00!)
in 1952, $44,000 in 1953, and $W>000 in
1954 and 1955.
Pnncipal
and
interest
payable at the
dated
plos Trust Co. of Bergen CouML
Hackensack.
Each proposal
May
mitted
noted
as
here
at
the
time,
are
Aug. 1, 1945, and mature on
1, 1959; optional on May 1,
1947, and on Nov. 1, 1948.
Wahoo.
Bond
Election
aviation
4%
submitted
Falls, Minn.
will
issue of
exceeding
bonds
Tordenskjold
the voters
after
Lincoln, Neb.
$25,000
the
2%
10
election
an
$7,500 swimming
pool* construction bonds.
an
an
Election—It is said that
election is scheduled for Sept.
to have the voters pass on the
of
sider
Co.,
Bond
an
Sept.
on
enue
stated
a
Election—At
quests
theless
Franklin, Neb.
Bond
$250,000
Minn.
on
Aug. 27 to the North¬
western National Bank of Minn¬
incl.
Interest M-S.
Sold—It
$87,000: $65,000 hospital, and $22,000 airport bonds.
: /
be
longer
no
-
stated by
1.30s.
as
Park,
awarded
interest
Dated
Paul, J. M.
by
Joseph Justad, Village Clerk, that
$17,000
sewer
warrants
were
to 1950 inclusive.
warrants.
Louis
Warrants
issue
ment
Minneapolis,
St.
Minneapolis,
St.
issuance
Detroit
Warrant
of
of
Co., Piper, Jaffray & Hopwood, both of Minneapolis, Paine,
Webber, Jackson
&
Curtis
of
Chicago, and the Allison-Williams
exceed
tick,
Co.
&
Northwestern
com¬
bidder.
Lakes, Minn.
Offering—E. J.
the
Dain &
inclusive, and $11,000 in 1952.
to
of
National.
Kalman
improve¬
Sept. 1,
1945.
Denomination
$130.
Due
$130 on Sept. 1 from 1946 to 1955
will
at
Kandiyohi County Indep. Sch. Dist.
No. 47 (P. O. Willmar), Minn.
Bond Offering—A. M. Wisness.
annually from 1946 to 1950
inclusive, or $100,000 bonds, ma¬
turing *$20,000 annually from 1946
000
county
the
by
and
to
and
&
Dodge of Boston.
The report of the offering, in v.
162, Jj.1 926, failed to indicate that
furnished
forms
composed
$2,220, payable to order of
City Treasurer, is required.
or
Bids to be on
chaser without cost.
refunding bonds were
purchased recently by a syndicate
Boston, at the option of the hold¬
er^ Legality to be approved by
City Treasurer's office,
be
$151,000
at the National Shawmut Bank of
at the
except
may
following bonds aggre¬ payment date thereafter, on 30
gating $125,000, were approved by days' notice.
the voters, giving each proposal
Ramsey County Indep. Sch. Dist.
a
heavy majority: $70,000 sewer
No. 5 (P. O. White Bear
system, general obligation,
and
Lake), Minnesota
$55,000 sewer system, special
Bonds Sold—It is reported that
executed bonds, and approv¬
ing legal opinion of Dorsey, Colman, Barker, Scott & Barber, of
Minneapolis, without cost to the
purchaser. A certified check for
and>, mature $40,000 on
from 1946 to 1950 inclusive. Prin¬
cipal and interest (M-S) payable
which
the
at
The bonds
as to legality
conditioned upon
legal opinion of Dorsey, Colman,
Barker, Scott & Barber of Minn¬
eapolis, whose opinion must be
accepted by the successful bidder.
The legal opinion, also
printed
bonds, will be furnished the pur¬
conditional
to
bonds
at
a
price
of
of about 0.614%.
cipal and interest to be designated
by the successful bidder. No bid
for less than par will be consid¬
ered and all bids must be un¬
Bonds
Sylvan Lake (P. O. Pontiac),
Michigan
interest, expressed in multiples of
Va of 1%, or any multiple there¬
of. Principal and interest
payable
0.75s,
p.m.
on
Gulf port,
recognized in the
Bond Election—It is stated by
interest on any interest payment not to exceed l1//2% semi-annual
as
representing the
Wm. J. Bayer, City Clerk, that an Congress
wishes
of : the majority of our
date, are being called for redemp¬ coupon refunding bonds. Denomi¬ election has beeri*
cqlled;fp^ Sept'.
tion
on
Oct.
1, at the Detroit nation $1,000. Dated Sept. 1, 1945. 18 to have the voters pass on the people, in the granting of Fed¬
Trust Co. Interest ceases on date Due on Jan. 1; $3,000 in 1947 to
issuance of the following not to eral aid.; Often times these pres¬
called.
•
sure- groups' are
1953, and $4,000 in 1954 to 1957. exceed
denied their re¬
2%
bonds
aggregating
Rand Sale—Tyler & Co., of Bos¬
ton were awarded on Aug. 30 an
issue ,pf $200,000 coupon
paving
i as
2
Sept. 4 for the pur¬
chase of $39,000 not to exceed 2%
interest coupon refunding bonds.
Dated Sept. 1,1945. Denomination
$1,000. Interest M-S. Due Sept. 1.
as
follows:
$5,000 from 1946 to
1952 incl., and $4,000 in 1953. Bid¬
der to name a single rate of in¬
terest. Place of payment of prin¬
(CWT)
N.
Bidder
Salem, Mass.
"
$80,000
Royal Oak, Mich.
Ward
Two,, playground
?
loan of 1945 bonds, Bue $2$W
-r
from Sept. I, 1948 to 1950,
52,000 sewer loan of 1945 bonds,
v
as
deductible, and interest on bonds
date of re¬
assessment
$10,000
considered
will be computed from
tion
Sealed
the pre¬
mium, if any. In determining the
interest cost* interest on pre¬
Bonds Voted—At
Offered
to
cost
net
mium
Bond
will re¬
Heisol, County Auditor,
ceive
sealed
bids until
additional
No
maintenance.
bonds may be
a
Holyoke, Mass.
Bonds
of
Acts
1933, as amended, for
the purpose of extending and im¬
proving the Water Works System
of the City. Said bonds are not a
0.35%.
wer^ received until
Treasurer's
City
the
Said bonds are issued un¬
Michigan,
H.
offered for sale
Rate or rates
multiples of
to
Enclose
were
in
be
interest
duces
sever! months of this year
>;
numerical order
inverse
of
der
Baltimore, Md.
Report Issued on 1945 Reve¬
nues and Expenditures — During
and accrued in¬
of the Ciay at par
terest in
payable
!
until 7:30 P. M.
received
be
office.
MARYLAND
bids
Bond
;
will
MISSISSIPPI
Hubbard County (P. O. Park
Rapids). Minn.
....
...
Bond Ottering — Johanna C.
;
,
on
to
cease
called
bonds
MICHIGAN
^
1,
dated June
Monday, September 3, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
1036
to
bid
Neb.
—
An
field
issue
bonds,
interest
the
will
voters
election
to
be
held
due
in
20
years,
at
of
not
be
an
Sept. 18.
Denomination $1,000. These bonds
are
10
years.
.■■■••'.
on
optional
■
in
must
be
and
must
Keene, N. H.
be
the
price
specified
must
not
,,
more
be
in
less
than
for a
The pur
the
than
$219,000.
the proposal to
cepted, the City Council
lecting
rate
ra*;
by the
same
the bonds bid for.
nor
the
b
for and the rate named must
a
multiple of l/20th of
'
consider
5 NEW HAMPSHIRE
name
interest to be borne
of
lowest
P^?0qq
$218,000
Jn
be
will
-
proposals which1 na
higher than.
rate named in any leg
interest
acceptable proposal for
the b
Notes Sold—It is stated by C. J. to be sold; and if two or more
Sumner, Acting City Comptroller, such proposals: name-, the lo
that the $200,000 revenue notes
.rate* the proposal offering to•
offered for sale without success on cept the least amount of
May 11, when all bids were re¬ (such bonds being the firs
•
jected, have been sold to a local turing) will be accepted, unie^
^
Aug.
14
of
the
voters
$20,000
approved an
road
building
bank.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4417
162
Volume
1037
•
of interest and offer
lowest rate
accept the same least amount,
which event that one of such
to
in
proposals which
offers to 'pay the highest price
will be accepted. The purchaser
must pay accrued interest from
the date of the bonds to the date
of delivery;
The enactment, at
any time prior to the delivery of
the bonds, of Federal legislation
For
77
which in terms, by repeal or
omission of exemptions or other¬
-
1
100.20
Union County Trust Co.
Elizabeth
100.80
NEW
Bridgewater (P. O. Bridgewater),
New
York.
registered
bonds
ment
semi-annual judg¬
offered
for
sale
on
subjects to a Federal in¬
Aug. - 27—v. 162, p. 822—were
bonds of awarded to
Newburger, Loeb &
a class or character which includes
Co. of New York, as IV2S, at a
these bonds, will at the election
price of 100.27, a basis of about
of the purchaser, relieve the pur¬
his obligations under
the terms of the contract of sale
and entitle the purchaser to the
return of the amount deposited
The successful bid¬
with the bid.
furnished
be
will
der
with
the
opinion of Reed, Hoyt & Wash¬
York, that the bonds
are valid and legally binding ob¬
1.45%.
on
Authorized
The
—
Borough Council is said to have
passed an ordinance-; calling for
the issuance of $60,000 not to ex¬
ceed 6%
semi-annual refunding
bonds.
Dated
$12,000
on
June 1, 1945. Due
Dec. 1, in 1959 to 1983,
Sept. 1, 1945. Due
Sept. 1, in 1946 to 1955. Second
Margate City, N. J.
New
Debt
Refunding
Lake
offer
an
of
100.145
Champlain
Bridge
sion, N.
Commis¬
Y.
anty Trust Company of New York
been
has
Fiscal
appointed Trustee and
Agent
under
the
Lake
i
Champlain
Bridge
Commission
debtedness of the city. The con¬
tract, subject to approval by the
New Jersey Local
Government
entered into with
Co., Inc. of St.
which
firm
Jan.
Refunding bonds due
1, 1969.
Assailed
by
Citizens
Commission
following
comments
made public recently by the
in
is
existence
the
4%, which is
reduced
to
agreement.
3.165%
being
by
the new
feature
is
Another
.
interest
now
the first 10
years the
funding,
the
city
agreement
re-
will reduce
$516,505.
debt service
by
s
inl lav^e
annualdebt
serv-
wlgesi deluding principal
fw
ander ^e existing
i0r ?j92'540. which will
under the new agreeTho'VI111"13,1 charSe of $140,-
and
nlan
n
b!
msntt
890
$550
nnn
.1
,
0 Provides that
will be
^orbonds
callable
first5 four years.
funding cotareto hf
T?~
the refund?^
to be paid °y
excent1^company
be the
Marpjftn
fees
S0®1 t0 the City of
?•be used for le£al
j
and
&d
ing necessary
operation.
nlanV^
Put the
p
1 ine
Plau
with the
?0?' which is to
tofni
m
to
,
Vni°n
i>
Budget Commission:
"The public should know that
the proposed post-war outlay by
the Board
of Transportation
of
$1,000,000,000 for new subways
and the improvement of existing
lines cannot be assumed by the
city.
"The *
city's
present
New Jersev
„rStleTjhe
bonds averE
fered for
following
cou-
rred semi-annual
! $U3.°00.I of-
Sffo
n
sale
009
on Aug. 28—v
VpefTco6 Jrrded
price^nf
10?
about 1.38%* tOO.189,
at
a
irm
$47,000
park
bonds.
eeooo'ri®,46.40
Due
&
40 J
'
I:
as
post-war
program,
transit,
is
a basis of
Due
on
1965^
Aue
g-
W-
®econd best
I b7 Halsey. Stuart
ss*R^£r,a' lis
«n B
Carroll
Jointly
& Co
_______
%th
that
found
/co.1'!!0 B°ndS
weid & col"::::::
Saffin & Co.
0land>
cost
the
city
six years would have
construction
in
the
1Q0 u
100 26
180 18
Financial
Condition
next
available for
to
—
the
extra
session
was
of
tne
scheduled
reason
Commission
nues
given
on
is that
"the
Municipal Reve¬
and Reduction of Real Estate
Taxes Cannot complete its work in
assess¬
time."
A letter from State
Comptroller
"The work has involved broad
$2,100,000,000.
post-war works program
must be cut, not increased. What
will
is in order not alone for the pres¬
ent program
the
Board
realistic
but the proposals of
of
Transportation
deflation.
And
the
is
rea¬
is
simple and all-powerful:
The city hasn't the money."
son
require
"We believe that
vance
of the
$150,-
Legislature."
Thousand Islands
Bridge
Authority, N. Y.*,
Interest
It
a
Payment
is stated
that
- ^
the interest Cou¬
Bond
Sale—The
semi-annual
sale
for
Aug.
on
927—were
$7,000
on
July
1,
3378,505,809,
1945,
the
highest since Jan. 1, 1935, and al¬
most $100,000,000 greater than on
Jan. 1, 1938.;;
He explained
that the constitu¬
tion of the state of New York lim¬
general
debt-incurring
of the city of New York to
10% of the five-year average of
the total assessed valuations of
taxable real estate and. to an ad¬
its
the
ditional 2%
for low-rent housing
development, Certain obligations
tor rapid transit facilities and for
he added, have
been exempted by the state con¬
stitution, as well as all bonds is¬
lock
28—v.
awarded
to
162,
p.
Kirchofer
2.70%. Dated June 15, 1945. Due
on June 15 in 1946 to 1959, inclu¬
supply.
comptroller said that Or¬
dinarily
$100,000,000
a
year
Second best bid
joint
offer by the First Securities Corp.
The gross funded debt
was
a
Our net
beginning of this fis¬
New York
Calls
will
bonds.
premium bid from the aggre¬
gate amount of interest upon all
of the bonds until their respective
maturities.
to
In the event that
piiior
the
delivery of the bonds {. the
income received by private hold¬
ers from bonds of the sarcie tjFpe
and character shall be taxable by
the terms of any Federal
iricofne
tax
law, the successful bidder
may, at his election, be relieved
of his obligations under the Con¬
tract to purchase the bond© anc^in
such
case the deposit accompany¬
ing his bid will be returned. The
approving opinion, of Reed, Hoyt
& Washburn of New York, will
be furnished the purchaser.
En¬
certified
a
payable
check for
unconditionally
$9,220,
to
>
the
State Treasurer.
NORTH
from
^
DAKOTA
y
Oct.
on
1947
15
to
after Oct.
or
15
*1954;
1952.
Maddock, North
Dakota
by Al¬
Bonds Sold—It is stated
Hesla, City Auditor, that
$60,000 municipal light, heat: and
plant revenue bonds ware
power
sold
of
on
Aug. 24
100.175.
as
Dated
at a price
Sept. 1,1945.
Denomination $1,000. These bonds
are due $2,000 on March and Sept.
1, 1946 to 1952, $2,000 March and
which
Dated
$5,000, 1951 to 1954 incl.; $6,000, in* 1955 and 1956, and
$12,000 from 1957 to 1967 incl.
117,000 fire department bonds.
Dated Sept. 1, 1942. Due Sept.
Authority,
-
Bonds — The
Authority
immediately those
1,
redeem
to
Authority bonds (third
should be the limit of city financ¬ issue)
Series A which are due
ing, but added that he could urge Feb. 1,1946, and Feb. 1, 1947, with
$150,000,000 as the city's share of interest in full to the date of ma¬
?apital improvements for the next turity. Those due Feb. 1, 1948,
year
because of the "excellent and thereafter will be redeemed
financial" condition of the city." next Feb. 1 at 104 and accrued in¬
In presenting his annual report terest. Payment will be made at
Bankers
Trust
Company, ■ New
on the capital budget to the board
York, fiscal agent.
Oi.
estim«*«,^ ana uie city council
Housing
2.20%!
Basis of about
-
Rolla, N. Dak.
Bond
000
as follows
1951 incl.;
Sale
airport
"
Sept, 1, 1945.
Due Sept. 1, as follows: $10,000 from 1948 to 1950 incl.;
the net
(
to, the
a.m.
$194,000 public improvement
$2,287,624,337."
New York Housing
the
awarded
demption of debt), was 2,285,233,-
time it was
11
follows:
as
however (i.e., gross debt
Sinking Fund assets for re¬
052, or $2,391,285 less than
debt on July 1, 1944, at
Easter-
for the
cal year,
less
cost
Maddock.
Raleigh, N. C.
Offering—W. E.
Raleigh
(EWT) on Sept. 11
purchase of $461,000 not to
exceed 6% interest coupon bonds,
until
of $37,799,534.
debt at the
interest
sealed bids at his office in
$2,942,065,797, as compared with
$2,904,266,263 at the beginning of
the preceding fiscal year, or an
increase
lowest
City, such cost to be determined
by deducting the total amount; of
ling, Secretary of Local Govern¬
ment
Commission, will receive
Bond
of
1945, was
City as of July 1,
the
$3,000 Sept. 1, 1953 to 1958, and
$2,000 March 1, 1959. Bonds'ma¬
turing after Sept. 1, 1952, are sub¬
ject to redemption at 103 plus ac¬
crued
interest
on
any
interest
paying date, upon 30 days' notice.
Principal and interest (M-S) pay¬
able at the Farmers State Barik,
purposes,
sued for water
The
the
.
offering to purchase the bpn<lsKqt
bert
& Arnold of Raleigh, as 2%s, at a
price of 100.30, a basis of about
finan¬
the lowest since 1937.
.
of purchases'? choice. The bonds
be awarded to the bidder
will
offered
Durham, and the Vane© Secur¬
017,334, the lowest since 1928, and ities Corp. of Winston-Salem, of
our basic tax rate of $2.67 on each
100.21 for 3V2% bonds.
$100 of assessed valuation is also
".
matur¬
limited
tax; registerable .ias„. .to
principal alone; delivery qt pfege
coupon
bonds
water
of
disclosed as of Aug. 19
that New York City's debt incur¬
consecutive
Principal and interest pay¬
lawful
money
in New
York.
General
obligations; un¬
in
able
close
Scheduled—
rate is named for
one
of
ities.
callable
taxes) for this fiscal year is $446,-
troller,
bonds
$500
Since 1935—Jo¬
Debt
than
issue each such rate must ; be
any
Jackson, N. C.
seph D. McGoldrick, City Comp¬
Rises To Highest
Incur
any
must
NORTH CAROLINA
sive.
To
name
may
part of the bonds' of
issue and another rate or
for the balance, but no bid
name more than three rates
County, Kindred Sch. Dist.
matured on March 1, 1943,were to
No. 2 (P. O. Kindred), N. Dak. •
be paid on Sept. 1, (last Satur¬
Bond
Sale—The
$4,000 * semi¬
day), upon presentation of cou¬ annual
teacherage bonds offered
pons at the Marine Midland Trust
for sale on Aug. 23—v. 162, p. 823
Co., 120 Broadway,; New York —were
purchased by the Kindred
City.
State Bank as 2s, at par.-' Due
cially sound the City's present po¬
(including
assessments collectible with the
Power
multiples2of
Cass
sition is. The tax levy
City's
rates
may
the 4^4% bridge revenue
bonds maturing on March 1, 1967,
of
the
above
Authority, which
few more
how
bid
pons on
$183,814,303.
show
proposals
our
be publicly announced in ad¬
of the next regular session
can
of which uncol¬
lected taxes of $77,437,679 were
outstanding at June 30, 1945. As a
contrast, on Dec. 31, 1933, the net
revenue
bills outstanding were
point out
original report
our
be achieved.
can
redemption
which
in
proposed
bills, which, at June 30, 1945,
me
was
amount of current local assistance
cated by the net outstanding reve¬
"Let
time than
more
"We have made sufficient prog¬
ress to know that the
aggregate
splendid financial condi¬
of the City is further indi¬
factors
contained
report. Despite unremitting
now appears that the task
originally estimated.
"The
the
recommendations
our
labor it
work
"The
make prac¬
application of the principles
in
a
its cost to
fi¬
and
000,000 as the Ctiy's share of cap¬
ital improvements for the next
year due to the excellent finan¬
cial condition of the City.
nue
the
tical
highest since Jan. 1, 1935, and al¬
most $100,000,000 greater than on
Jan. 1,1938, City Comptroller Mc¬
Goldrick said when presenting his
annual report on the Capital Bud¬
get to the Board of Estimate and
City Council.
Comptroller
McGoldrick- rec¬
ommends that, ordinarily, $100,000,000 annually should be the
limit of City financing but states
tion
only of
localities in order to
The city's
urge
not
of the State but of all its
nances
Excellent
on July 1,
$378,505,809,
the
can
any
for
September.
The
power
further, that he
Each
more
more
1937."
Reports
in
be
to
1%.
celled
Session
examination
lowest since
of
issue, and each bidder
specify in his bid the amount
of the bonds of each rate,> Where
Legislative
Legislature which
or public im¬
amounted to $40,806,780, the low¬
maximum sum of est since 1928.
There is a provi¬
$875,000,000.
This makes
clear sion in the 1945-1946 Budget for
that even the present works pro¬ the
redemption of $6,000,000 of
gram cannot be financed! Yet the such revenue bills, thus requiring
Board
of
Transportation
now only $34,806,780 to be redeemed
would extend that program, raise from the collection of taxes, for
provements
,
white,
to
power
'/"Provement bonds.
incl.
S" 15 in 1946 to
was
Co
162
on
1965
bid
works
ring power
County .o.p(
Elizabeth), amounted to
m
Pon
;
$840,000,000.
Frank C. Moore is quoted
reading
in part:
Comptroller
of interest
for
cost
$446,017,334,
the lowest since
1928, and our
basic tax rate of $2.67 on each
the
A separate bid for each issue
(not less than par and accrued
interest) is required. Rate or* rates
one rate for
collectible with the taxes)
amounted
$2,100,000,000.
•;
"Comptroller
Joseph D. McGoldrick, in compliance with the
Charter, reported on the city's
finances
on
Aug. 15 past.
He
rate
Dewey
principals in
the
purbhkseFs
Postponed—Governor Dewey can¬
finan¬
(including
with
Special
for this fiscal year is
debt-incurring
new
rently
ments
levy
Citi¬
exclusive
of
$1,100,000,000.
The
Board
of
Transportation's
proposals would lift the cost to
cur¬
tax
were
nancing. Mayor Tighe of Margate
City reports that this new
plan
will save the
taxpayers approxi¬
mately $221,300 in interest. The
bonds will mature in
1969,
which is five years earlier
than
present plan.
Under the plan which is
"The
!.
an¬
$100 of assessed valuation is also
Consolidated
handled the Atlantic
City debt fi¬
the
met
were
Governor
place of
would
cially sound the city's present po¬
sition is," Mr. McGoldrick said.
zens
&
few
how
after
at
Department
of
Public
Works had reported to the Gov¬
ernor and Legislature a
five-year
plan for public building which
were
July 1, 1945, authorizing the issua n c e
of
$1,208,000
principal
amount of the Lake Champlain
Bridge Commission, New YorkVermont Interstate Bridge 2.20%
resolution
Chicago,
a
developments
made
reconversion service agency.
for
show
.
The
303.
point out
obligations, unlimited tax obliga¬
tions of the city, with delhterjr to
choice.'''
his
31, 1933, the net revenue
outstanding totaled $183,814,-
which
the
be
had
collection of taxes,
redemption of which un¬
me
to
new
These
outstanding on June 30 of this
year. As a contrast, he added, on
"Let
require
:
!
nounced
redemption of $6,000,000
of such revenue bills, thus requir¬
ing only $34,807,780 to be redeem¬
bills
de¬
Coupon, registerable
principal only. Interest M-S.
Both principal and interest pay¬
able' in New York City. General
nomination.
em¬
offices.
the
Dec.
would
.
The bonds will be in $1,000
ployes and the opening of 30
pointed out that there is a
provision in the 1945-46 budget
$77,437,679
1958 to 1977 incl. ^
1
more
said.
collected taxes of
Labor,
plan for
its, unemployment
that
hiring of about 1,300
He
the
of
of
on a
$1,000 from
1948 iLto
incl., and $2,000 from
1957
as
Department
division
bills, which, at June 30,
1945, amounted to $40,807,780, the
lowest since 1928," Mr. McGold¬
lows:
on
/
expansion
city is further indi¬
the
net
outstanding
factors
New York, N. Y.
City's Post-War Works Program
approving a new re¬
funding plan for the $2,310,000 in¬
trols had ended.
The
50,000 sewer bonds. Dated Sept.
1, 1945. Due Sept. 1, as fol¬
Be
instructed
meanwhile, worked
by
to
Department of
was
the
cated
for
Fiscal Agent Appointed—Guar¬
—The
and
taking a longposition in
revenue
for
The
—
Works
splendid financial condi¬
of
rick
Program
Aug. 20 io proceed with its $840,000,000 construction program on
the assumption that wartime con¬
%s, submitted by the Marine ed from the
was
Trust Co. of Buffalo.
Adopted—It is stated that the City
Commissioners adopted recently a
Louis
"The
(State of)
Works
Launched
Public
ihe postwar period.
for 1
v
Plan
New York
Public
city'
said that
constructive
bid
incl.
Board, is to be
Stifel, Nicolaus
the
ot
Indenture of Mortgage dated as of
Jamesburg, N. J.
Bonds
Dated
for
best
burn of New
ligations of the City. Enclose a
certified check for $4,360, payable
to the City.
o
;i\»
requirements
212
strengthening its finances and its
tion
Bond Sale—The $23,000 coupon
or
the
No.
charter, Mr. McGoldrick
planned
YORK
tax the interest on
chaser from
with
section
preparations
wise,
come
dccord
in the past year New York
City
has
made
"real - progress"
in
For 1%% Bonds
^
in
of
Co.,
Elizabeth
mentioned
last
1.60% Bonds
Central Home Trust
Details—The
municipal
Aug. 8 to the Bank'of
Dakota, of Bismarck-^v.
162, p. 725—were sold at l^s-, {at
a price of 100.55, a basis of abbut
1.41%. Dated Sept. 1, 1945.^ De¬
nomination $1,000, one for7 $500.
These bonds are due on Sept. »l,
North
from 1947 to
1955.
•
-
;
1953; $5,000 from 1954 to 1964
$8,000 from 1965 to
-
OHIO
$4,000 from 1946
$3,000, 1952 and
$10,-
"bonds
on
<>:<. 1.'
Akron, Ohio
Postwar
Program
Discussed—
The city can finance an
$2,000 from 1946 to
1954 incl.; $4,000, 1955 to 1972
$8,000,000
without
aid
from the Federal government, it
was
stated recently by John;!).
Currie, Municipal Finance Di¬
rector.
He added, however, that
incl., and $5,000 in 1973 and
the city's final program may ex¬
1974.
ceed
incl. and
■
..
postwar
1968 incl.
100,000 water bonds. Dated Sept.
1, 1942.
Due Sept. 1,. as fol¬
lows:
-
»
■/.
; 'I:
«
the
program
$8,000,000 figure,
since
favorable
committee
to
report
The
projects already in
ipany
the engineering stage, including
grade crossing elimination, street
and highway improvements, water
and
construction
sewer
the
and
ibuilding of police stations and of
a public auditorium, will be ready
for
before
announcement
close
of
the
the
Boyd Bridg;water, chairman of the planning
year,
committee said.
Out
ized
of
bonds
already author¬
unissued the city now
but
has this start toward its postwar
financing: In the waterworks di¬
vision, $2,061,000; grade crossing
elimination, $1,742,250; street im¬
provement bonds,
$64,000.
Mr.
Currie estimated that the city ul¬
timately will be able to issue the
balance
in
general
obligation
bonds, within the city's tax lim¬
itation.
City
passed an
ordinance calling for the issuance
$400,000 2% semi-annual gen¬
water
improvement bonds.
eral
Denomination $1,000. Dated Sept.
1,
Due $16,000 from Sept.
1945.
.1, 1947 to 1971 inclusive.
Berea City
School District, Ohio
Election
Bond
Board
Requested—The
Education
of
has
re¬
quested the Board of Elections to
submit
the
to
voters
vember election
000
an
construction
the
at
issue of
No¬
$500,-
bonds.
Cincinnati, Ohio
Sinking Fund Bond Sale—It is
stated
by
Arnold
Majoesky,
Secretary of the Board of Sinking
Fund
E.
Trustees,
that a joint ac¬
composed of the First Bos¬
ton
Corp., the Harris Trust &
Savings Bank of Chicago, and
Breed & Harrison of Cincinnati,
purchased recently various city
bonds (held in the investment ac¬
count of the City Sinking Fund),
in the amount of $699,000. Second
count
best
bid
was
submitted
offer
an
by
Van
of
111.31,
Lahr, Doll &
Isphording of Cincinnati.
Bond
Issue
payers suit
issuance of
chase
and
Protested—A
tax¬
seeking to enjoin the
$75,000 bonds for pur¬
rehabilitation
of
the
Price Hill Street Railway Co. was
in Common Pleas Court on
filed
Aug. 22.
f
East Cleveland, Ohio
Bond Election—The City Com¬
,
mission is said to have decided to
submit to the voters at the No¬
vember general election a
propo¬
sal
calilng for the issuance of
$250,000 in bonds, to be used for
police department, fire depart¬
ment, service department,
city
hall
and
incinerator
plant
im¬
provements.
i
Euclid City Sch. Dist. (P. O.
:
Euclid), Ohio
Bond Election—At the Novem¬
ber general election the voters
will be asked to
pass upon the is¬
suance
of $1,850,000 construction
bonds.
bonds
voters
Ohio
Election —An
$30,000 storm
will
District
at
the
of
considered
November
by the
general
election.
struction
from
Sch.
Dist.
(P.
Fostoria), Ohio
$50,000
Lake
stadium
construction
mitted
eral
the
to
election
and
bonds
will
voters
in
be
$60,000,
to
District
(P. O. Millbury), Ohio
Township
School
Election
Bond
of
issue
An
—
$385,000 construction and site pur¬
at
building
bonds will be submitted to
chase
Lakewood, Ohio
Bond Election—An issue of 4%
hospital construction bonds
amounting to $1,500,000 will be
the
to
voters
the
at
in
held
be
—
Municipals—J. A. White & Co.,
Cincinnati, reported under date
Aug. 29 as follows:
The
expected opportunity
to
buy municipals at reduced prices
has brought buyers into the mar¬
ket who have not been actively
of
trying to buy for a year, and with
widening support the market
has found solid ground.
Our in¬
dex of the yield on 20 Ohio bonds
stands today at 1.44%, compared
with 1.45% a week ago.
The in¬
dex for 10 high grade bonds re¬
mained unchanged from last week,
this
at
bids for less than par
accrued interest will, be ac¬
No
est.
and
ordi¬
passed recently by the
Vilage Council calling for an is¬
sue of $6,000 2% semi-annual mu¬
nicipal garage bonds. Dated Sept.
1, 1945. Denominations $1,000 and
grade bonds is today at a
yield of 1.66%, compared with
1.67% a week ago. The only really
"cheap" Ohio bonds in any vol¬
ume
that
the
market
have been
available
the
were
in
$699,000
Cincinnati's sold by the city sink¬
ing fund last week, all of which
were
snapped
up
immediately.
Some
of
the
bonds
$280,000 county home bonds will
be submitted to the voters at the
November general election.
Bonds
by
bonds
bought
by dealers who marked up the
prices and who, in turn, sold the
bonds readily at the higher prices.
Parma, Ohio
Exchange Offer Finally
Accepted—It
was
reported
re¬
cently by Mayor Sylvester Au¬
gustine that the Citizens Savings
&
Building Company at
field, Ohio, which refused
change $104,000 in Parma
for refunding bonds when
its
debt
10
and interest at
Enclose
to
Parma
years
ago,
company
re¬
the
was
only large bondholder to hold out
when the refunding plan was
put
in effect.
Mayor Augustine has
been appealing to the
company to
go along with the
other bond¬
holders in the refunding program.
The $104,000 ot old bonds held
by the Citizens Savings & Build¬
ing Company bore 4%% inter¬
est.
Parma
the
quit
company
paying interest
the bonds in
on
The interest accumulated to
$39,520. In the settle¬
the
Citizens
company
was
ment,
agrees to accept the rate of inter¬
est
payable
on
the
refunding
bonds since
1941, which amounts
$13,130.
Bond
Election—It
Clerk
of
the
is
of
Mountain
and
$800,equipment
bonds will be placed on the bal¬
lot
at
the
November
Heights School Dist. Ohio
Bond
Election
An
issue
of
—
be
construction
placed
November
on
the
general
bonds
ballot
will
the
at
election,
it
is
reported.
Bond
will
be
Dist.
(P. O.
Clerk of the
Education,
that
the
following
bonds aggregating $20,500, were
awarded on Aug. 21 to C: Edgar
Jackson,
Honnold of Oklahoma
Cityi 7V ,
ancfcsequip-'
transportation
ment
bonds.
1948
and
Due
1949,
$2,500
and
in
$3,500,
1950.
highest bid was- sub¬
mitted by the First National Bank
& Trust Co., of Oklahoma City.
Nichols Hills, Okla ^:
Bonds Sold—It is stated-by
Toledo, Ohio
Offering — Sealed
received
until
bids
noon
on
Sept. 18, by Rudy Klein, City
Auditor, for the purchase of $724,500 3% coupon refunding of 1945
if
Trust
Is
Co., of Oklahoma City,
and
iy4s.
Dated June 1.
Sch.
Dist.
1945:
(P. O.
Skiatook), Okla.
Bond Sale—It is stated
by H. E.
Baldwin, Clerk of the Board
Education,
bonds
that
J.
E.
$20,009,^school
offered
were
Aug. 22 and
were
of
for
sale
on
awarded to the
Piersol Bond
Co., and Cal¬
Canfield, both of, Okla¬
homa City, jointly, at a price of
100.067, a net interest cost of
about 1.28%, divided as follows:
$6,000 as 1V&S, due $2,000 in 1948
to 1950, and $14,000 as
lV4s, due
$2,000 in 1951 to 1957, all inclu¬
&
vert
sive.
Second best bid
by
R.
an
of¬
Edwards, Inc., of
$8,000 as iy4s, and
for
as
was
J.
iy2s, giving
est cost of
high bid of 100.23 for 3s was
made'. by Daugherty, Cole & Co.
of
of Portland.
election
Wash.
the purchaser from his obligations
under the terms of the contract
Voted
—
An
an
Sch. Dist. No. 2
{P. O. Dallas), Ore.
Bond Sale—Daugherty, Cole &
Co.
of
Portland,
recently was
awarded an issue of $10,000 school
bonds as lV2s, at a price of 100.33,
of
1.432%.
about
Dated
1955 incl.
fiscal
works
provement
extension
State in New York City.
Bond
Issue
bonds
These bonds
were
has
issue of
an
for
various
been
im¬
sold.
—
The
for
162,
"
.offering
a
bonds
are
to
Issuance
Delayed
on July 27.
$2,000 in 1948 to 1956, and
$2,500 in 1957.
election
plans
$1,000. Dated Sept. 15, 1945.
payable M—S. Due op
15 as
follows: $1,000 in
the
within
taxes
will
for
not
the
sold
be
limita¬
taxing
by law upon diSr
tricts of this class. Legality aptions
imposed
until
are
com¬
project
pleted.
v.
e
•
r
that
placed
by
Walker, Borough Man¬
on
an
issue
of
$100,000
pool bonds
will
be
the ballot at the gen¬
eral election in November.
be
received
(EWT),
O'Boyle,
until
10
bids
A.
M.
on
refunding
bonds.
ceed
1%%,
nomination
1945.
$1,000.
1946
and
Due
to
to
improvement
Interest rate is not to
ex¬
A—O. De¬
Dated Oct. 1,
payable
$1,000.
$20,000
1962,
name
from
inclusive.
the
rate
State's
detailed plans for
projects
tion
so
pubi
cons'tru -
post-war
that actual
start when labor
can
are
With
Sept. 18, by Leo J.
County Controller, for
purchase of $340,000 coupon
the
are
Sealed
—
.
and m -
available.
State
assistance
financial
available from three sources,
Scranton), Pa.
Offering
of)
Post-Wa
urged
were
terials
Lackawanna County (P. O.
> ; >
Bond
Local
local unit
recently »y
Gov. Edward Martin to undertaKe
immediately the Preparation
The
—
heads
Ellwood City, Pa,
Election—It is stated
swimming
Pennsylvania (State
Governor Urges
Plans
'
Oklahoma
City.
Denomination
Due on July 1 in 1947 to
basis of about
$85,000 vocational school building;
bonds approved by the voters at
proved by Townsend, Elliott &
the
November,
1944,
general Munson, of Philadelphia.
will
University of Oklahoma (P. O.
Oklahoma City), Okla.
Bonds Sold—It is reported by
A. S. J. Shaw, State
Treasurer,
that
$275,000
2%%
apartment
dormitory bonds were purchased
recently by R. J. Edwards, Inc., of
Co.
1951, $2,000 in 1952 to 1955, $1,000
1956 and 1957, $4,000 in 1958,
$3,000 in 1959, $4,000 in I960, $3,000 in 1961 to 1963, and $2,000 in
1964.
Payable from ad valorem
The
—
& Trust
price of 102.00,
1.82%. Denomin¬
a
in
Bloomsburg School Dist., Pa.
K
District
1946
and
1947, $3,000 in 1948,
$1,000 in 1949 and 1950, $3,000 m
sometime in November.
Bond
—
Fitzcharles,
March
reoffered
be
Sale
A.
Interest
from the market. She reports that
these
Tp., Sch. Dist.
R. D.), Pa.
It
is
stated by
Yardley,
Newton, at
ation
Aug. 29—v.
withdrawn
928—were
p.
$3,500 3% building
First National Bank
of
(P. O.
bonds sched¬
on
bonds,
Secretary, that $42,000 2% re¬
funding and improvement bonds
were
purchased recently by the
tary3hat the $124,000 2% semi¬
uled
En¬
Wakefield
O.
James
:-Bedford), Pa.
Bonds Not Sold—Tt is stated by
Pearl Shoemaker, District Secreannual construction
the
of
Department of In¬
approved on Aug.
issue of
an
Bond
;
'
Dist.
by the De¬
Township Sch. Dist., Pa.
Issue
Approved — The
Affairs
ternal
approved at the
Due
1965.
'
'
amount
Pennsylvania
(P.
municipal? improve¬
Sch.
face
Lower
Approved
•
Bedford
approved
certified check for 2% of
a
Bond
8
$75,000 1%% bonds
ments?-.
been
repair bonds.
PENNSYLVANIA
ager,
$20,500
and
have
partment of Internal Affairs.
Lehman
the
of
agency
only if and after the proceedings
authorizing the issuance thereof
payable to the County Treasurer.
Prin¬
cipal and interest (M-S) payable
the County Treasurer's office,
the
entitle the purchaser
of the amount de¬
return
will be delivered to the purchaser
the
at
at
will, at the
purchaser, relieve
posited with the bid. These bonds
issued subject to the favor¬
able opinion of Townsend, Elliott
& Munson, of Philadelphia, and
close
Sept. 15, 1945. Denomination $1,000: Due Sept. 15, as follows: $1,1946 to
bonds,
are
■
basis
interest in bonds
character which in¬
of the
and
the
to
the
or
these
of sale
Polk County
a
Federal legisla¬
terms, by the re¬
in
tax
class
a
cluded
bonds
was
election
$4,000
construction
favorably voted at
held recently.
of
omission of exemptions or
subjects to a Federal
income
of
issue
the
otherwise,
County, Hillside Sch. Dist.
Emerson
Bonds Sold—An issue of
water
The enactment
ond
Bond
a^bout 1.43%.
Tipton, Okla.
General ob¬
ligations payable from unlimited
or
net inter¬
a
premium offered'
and above the face
over
peal
as
vr?rt
Skiatook
of
payable at the County Treasurer's
office, or at the fiscal agency of
the State in New York City. Sec¬
by the voters at
election held
any,
account
of
which
13
an
paid
during the life thereof
amount
ad valorem taxes.
Pennsylvania Department of In¬
ternal Affairs approved on July
May 1, haVe been purchased
by the First National Bank &
deduct¬
tion
G.
on
be
amount of the issue.
Aliquippa, Pa.
Bixler, Town Clerk, that $36,system bonds, approved
by
on
to
$1,000 on Dec. 1 from 1946 to 1950
incl. Principal and interest (J-D)
000 water
R.
County, which
determined
bonds
or
clusive.
Second
whole
lowest
time prior to the delivery
000 from
12,000 building and repair bonds.
Due $1,000 in 1948 to 1959, in¬
be
such bonds
%
C. J.
Board' of
the
at any
View), Okla.
Bond Sale—It is stated by
conditions of
take
of
election held
Shaker
$150,000
Sch.
Edu¬
that the issuance of
construction
View
the
to
amount of in¬
the
$5,000
awarded
on
was
is not
ing from the total
(P. O. Hillsboro), Ore.
OKLAHOMA
100.034
by
bonds
bid
terest
27 to W. M. Siegmund of
Salem, as 2%s.
Dated Sept. 1,
1945.
Denomination $1,000.
Due
Bonds
$12,000
stated
Board
shall
issue of
Sale—An
with
offers
interest cost to the
Aug.
trict bonds.
$8,500
sale,
Sch. Dist.
(P. O. Salem), Ore.
:ft0i 7X
Bond
such
amount of the issue at the
Marion County
for, payable to the Commis-'
Treasury.
Mountain
complied
iy>s, at a price of 101.49.
as
provided
than
par and accrued inter¬
The highest responsible
bid¬
der shall be the one
who, havin*
City,
Junction
of
unde£
thereon
or
est.
States
the United
in
responsible
bidder,
Sch. Dist. No. 97
by
or
hereafw
or
the
County assumes and
agrees to pay. The bonds will
be
sold
to
tne
highest
7, it is said.
Bank
National
bonds
Farquhar, District Clerk,
that the general election in Nor
vember, the following construc¬
tion bonds aggregating $1,144,000,'
will be placed before the voters,
in connection with a joint project
of
the
Township
and
Village
School Districts: $684,000 Town¬
ship Local School District, and
$460,000 Village Local School Dis¬
assessed
or
present
now
taxes
District Clerk, that the
purchased
certified check
C.
R.
of
$47,000 semi-annual school bonds
offered on June 18, have been
school
fer
Sandusky Sch. Dist. (P. O.
Sandusky), Ohio
the
a
Willoughby Tp., Local Sch. Diets.
(P. O. Willoughby), Ohio
Bond Election—It is stated by
ex¬
bonds
finally agreed to accept
funding bonds.
Citizens
as
for 1% of the amount of the
Mans¬
has
The
Said
expense.
to'
be
future law of the
Commonwealth,
all
of
which
Bonds
F. Severy,
interest
two differ
will
succession
levied
any
(P. O. Florence), Ore.
Sold—It is stated by H.
whose
exchanged
for
to principal
the requesj^of the
may
be
registered
bonds
Bond
refunded,
his
at
purchaser
.
except
taxes,
less
under the di¬
issue will be taken
interest
or
taxes,
the election sched¬
Lane County
combining
of
Bid.
entire
fn
will be submitted to
uled for Sept.
bid
of
terest
thereon
will
be
payable
without deduction for
any tax
construction and equip¬
voters at
the
rates
1%.
the
rate
Registered as to priori
pal only. The bonds and the
Sch. Dist. No. 4
Eugene), Oregon
ment bonds
no
one
heritance
Bond Election—The issuance
$200,000
an
0f
for
cepted.
been fixed as yet.
O.
at
ent
Lane County
P.
y8
received
but
Simerville, City RecorderTreasurer,
that at the election
date has
be
issue
George
authorization of this
to the proper
were
$500.
Greene County (P. O. Xenia), Ohio
Bond Election — An issue of
incident
All proceedings
cepted.
1.23%, while the index for 10
lower
election.
An
will
sioner of the City
of)
Mark Downs Encourage Buyers
of
000
nance was
terest, for not iess than the face
thereof and accrued inter¬
value
bid
Ohio (State
cation
is
to
November.
gen¬
it
election
general
the
November,
Passed
payable at the Chem¬
ical Bank & Trust Co., New York.
The bonds will be sold to the high¬
est bidder at the lowest rate of in¬
and interest
opinion as to the legality of the
bonds may be procured by the
election, according to report.
sub¬
Franklin, Ohio
Ordinance
$50,000 in 1952,
$150,000 in 1954
eral
general
•
1
Oct.
rection of a bond attorney
be
said.
!
terest
the voters at the November gen¬
O.
"Bond Election—The issuance of
$130,000
will
which
bonds
will be
placed on the ballot at the No¬
vember general election, it is said.
to
Fostoria
(P. O. Crown City), Ohio
Bond Election—An issue of con¬
date
issue
construction
sewer
be
the
on
multiples of
m
OREGON
Bend, Oregon
Voted—It is stated
$100,000 in 1953,
and $200,000 in held on July 16 the voters ap¬
1955 and 1956.
Bidders may bid proved the issuance of the $35,election in November.
for a different rate of interest m 000 community building bonds by
Guyan Township, Mercerville Sch.
muliples of V4 of 1%. Principal a wide margin, but no offering
1941.
Fair port,
reported
is
pass
of
$585,120
Memorial
bonds at the general
issuance
Hospital
to
Bond
It
Dated Oct. 1, 1945. In¬
payable A—O.
Due on
as follows: $24,500 in 1951,
$500.
owner.
The
—
Council is said to have
of
—
will
voters
the
that
submitted
Alliance, Ohio
Authorized
Bonds
:■
Election
Bond
federal aid to cities.
for
Monday, September 3,
1945
CHRONICLE
Denomination $1,000, one
bonds.
Guernsey County (P. O.
Cambridge), Ohio
Congress has committed itself by
a
FINANCIAL
THE COMMERCIAL &
1038
Oct.
1,
Bidders
of interest
proximately $6,225,000
ap
will be ap
portioned in outright grams
local governments to aid in P
paring plans, it was
stated.
asserted,'
Governor
P
take months to prepare
plans v>
"Local
officials," the
"should make pro
appraisal of public needs in
coming post-war period,
it
many
proposed projects.
municipality expects to
place water mains, build a se
-
"If
a
.
r
I
V
Number 4417,
Volume 162
THE
treatment plant, replace streets or
make other improvements, plans
should be started immediately."
One-half of the cost of prepar¬
ing plans for sewage treatment
plants will be paid by the Depart¬
ment of Health from an appro¬
priation of $10,325,000. It is es¬
timated that $3,500,000 will cover
the entire State grant.
Page
Sold During July
**■-'
"
Name
Page
Rate
No.
Maturity
Amount
3 V2
Abbeville County,
40U
Amarillo
293
Amite
Ind.
1946-1963
2-1'A
1946-1970
$8,900
750,000
Co.,
S.
D., Tex
Eastfolk
Con.
S.
3>/4
100.40
3.15
19,000
100.44
0.92
1946-1963
8,000
100.06
L24
Bidder to name the rate or rates
as
coupon
from
or
Tex.
Broken
Bow, Neb
Brownsville
507
in
as
507
614
23,500
100~ 34 ~
L63"
1951-1980
rl6,045,000
101.209
1.697
100.40
2.64
1,000,000
rd204,000
D.,
Tex
2%
1946-1975
rd827,000
16,667
%
1946-1950
5,000
1949-1965
l'/2
1947-1961
35,000
13,500
1~0~0~25~
50,000
100.49
1946-1950
1946-1950
1946-1948
1
1946-1969
3,000,000
1%
1946-1965
d60,000
3'/a
1953
180
City S. D., Ohio
Clarinda,
la.
612
Cook
615
612
Coweta, Okla.
Crook Twp., Ill
294
Cuyahoga Heights,
293
Dakota
Co.
S.
D.
Co.,
85,
111
1~00~63"
0"52"
100.63
1948-1853
—
— —
—
Ohio
Special S.
l'/2
D.
No.
Dallas
511
Dallas
294'
East
1.10
Co.,
Co.,
Eastchester
294
N.
Town
Fire
1950-1952
20,500
0~9l"
100.65
1.66
!
1946 to 1950
1
40,000
ing is composed of
616
$1,000,000 City
Elgin
2'A
1946-1965
Elkhart, Ind.
1
1946-1955
50,000
179
Fairview,
4
Ordinance
Loan
of
Council
613
approved
(rut
\
Faribault Co.
399
+iT
receivpd
507
tection
the
City
Th«
.
507
294
of exemptions
Jects to
101.68"
L33"
100.134
1.08
bonds will
Purchaser,
from
292
511
hiS
Holliston,
Houston,
huii,
615
A
62> P1 .a indicate
+
m
Dougher, Deane f <? 
@FedFRASER