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MONDAY
m
pus.
INANCIAL
Volume
Corporation and Investment News
General
RAILROAD
PUBLIC UTILITY
-
According
of Debentures
Privately—Company announced Aug. 30 the sale
Reduction
Air
Placed
Inc.—$25,000,000
Co.,
company
in
.
t
75,447
■$:, 48,335
v
2,701,979
2,571,551
1,902,157
960,679
1,100,900
604,651
627,368
434.422
ICC
The
at par (11 a
note
V
ry.
From
railway
from
Gross
Net
ry,
1,531,629
p.
revenue
for
income
Net
Divs.
.
$619,432
$7,398,564
3,186,189
$357,521
$4,212,375
$4,871,433
189,082
2,268,986
2,268,986
$134,273
$168,439
$1,943,389
$2,602,447
Transactions New York Stock
New York
Transactions
■
■
>77
'■ ":77
been
Exchange.—999
The
have
directors
stock
ferred
Dec.
on
160,
dends.—V.
voted to
1, next,
retire all of the outstanding 1%
at $110 per share, plus accrued
pre¬
divi¬
operating profit
interest and
licenses and
earnings (net)
Royalties,
Other
RR.—Earnings-
Net
from
1944
*1943
$15,393,879 $17,131,394
discounts....385,654
356,034
service charges—
259,915
353,027
30,903
14,995
from
Net ry.
$3,023,121
171,214
487,504
544,551
250,605
21,903,079
21,652,326
7,392,207
8,994,116
2,644,999
16,424,568
5,339,608
2,143,176
11,221,831
3,018,750
1,018,891
1,240.134
railway
oper.
$1,791,535
$3,356,785
1,482,455
242,467
$3,447,737
railway...
$16,070,351 $17,855,450
income—
1,329.957;
.
from
Net
from
Net
ry.
—V.
railway—
railway.
oper.
.
2,424,107
income..
tation On the Board—
William
Stix
Net
depletion..
.
development expensesfunded and other debt....
process
on
contingencies
H.
Shane,
■
Interests Seek Represen¬
stock
500,000
500,000
Wasserman
directors
and
to represent
"Revised
audited
to
and
8,974,555
$2,934,167
370,440
tax
statement
—
—
share—.
include
and
for
142,955 shares of
5O'/c of Birming¬
closing.
This is
notifying
is
Corp.,-
Corp.,
& Film
guaranteed
ment.—V.
160,
826.
p.
'
,
Co.—25-Cent Common Dividend
American Locomotive
dividend
of
cent6
declared on the common
share has been
per
value, payable Oct. 1, to holders of
disbursed on April 1 and July J,
par
no
25
made
last year was
record Sept. 15.
one
6i8.
.
American Rolling Mill Co.—Sells Mill—
Reynolds Metals Co. below.—V. 160, p. 618.
See
American Stores Co.—July
Period End. July 31—
Sales
1
A
18,334,487
—
—V.
$1,852,219
2,707,026
$0.68
$2,610,821
2,639.026
$0.99
Sales Up 3.9%—
1944—7 Mos.—1943
1944—Month—1943
""
'
$
$
'
17,633,626 125,368,379
118,204,033
160, p. 322.
American Water Works &
Electric Co., Inc.—Output—
electric properties of American Water Works
and Electric Company,
Inc., for week ending Aug. 26, 1944, totaled
83,514,000 kwh., an Increase of 2%: over the output of 81,874,700 kwh.
for corresponding week of 1943.—V. 160, p. 826.
the
of
output
price adjustments on Government
renegotiation provisions as reflected in the
tAfter deduction of plant, selling and
retroactive
the.
6 Mos. Ended
"Net
income
June 30—
—
Co.—Earnings—
1944
$698,874
1943
$468,431
1942
$865,043
,
1941
$1,410,519
$1.11
$2.05
^ $3.34
"After all charges, including provision for Federal income and excess
profits taxes and contingencies,
(On 421,981 shares of outstanding
(•Earnings
per
$1.66
share—
capital stock.—V.
159, p. 2514.
i'llil!!:
FIRM
Banks, Corporations
SPECIALIST IK
i
FLORIDA & NEW JERSEY
Bids
-
-
Offerings
us
Unlisted Securities
Municipal Ilonds
For
DEPARTMENT
Brokers,
Dealers, Institutions,
an
and Individuals have found
for large or small
effective market place
>
BLOCKS of SECURITIES
Corporations
which
Kobbe, Gearhart & Company
are
not
readily marketable.
INQUIRIES INVITED
INCORPORATED
cAlien & Co.
EstablishecL/L922
30 BROAD
Telephone:
STREET
HAnover 2-2600
Members New York Security
•
45
,
NEW YORK 4, N. Y.
Bell Teletype: NY 1-573
Telephone
R*>tor
NASSAU
A
this year. The only
of 50 cents on Dec. 28.—V. 160,
s-VV,'.:
:;\i: y
was
323,346
minority interests in the company.
MUNICIPAL
Southern Natural
Gas Corp.
The
formerly American I. G. Chem¬
holders of American I. G. Chemical Corp.
convertible debentures due May 1, 1949, that it will
redeem on Nov. 1 ,1944, at their principal amount, $2,000,000 of these
debentures.
Payment of the drawn debentures will be made upon sur¬
render at the Nat.onal City
Bank of New York, trustee, New York,
n.
y.
v
-■/•-'V':- v.v
On
Aug. 23,
1944, $473,000 principal amount of the debentures
previously called for redemption had not been presented for pay¬
General Aniline
Anaconda Wire & Cable
income
contracts
'
Corp.—Debentures Called—
American I. G. Chemical
Power
...
appllc. to common stock
Common shares outstanding—
.
Net
'
160, p. 530.
387,671
$2,222,659
preference
Earnings per common
-
of Philadelphia, holder of 1,000 shares of
is seeking proxies for the election of William
Edward B. Hodge, Jr., both of Philadelphia, as
2d.
of this corporation,
by American Gas <fe Power, plus
from Jan. 1
to the date of
held
earnings
net
The
ical
2,167,996
381,757
7,100,000
income
on
2,734,101
and
renegotiation
adjustments incident to
Dividends
2,891,061
.....—...—...
and foreign taxes on income
for Fed.
3,071,834
160, p. 618.
Allied Mills, Inc.—Minority
stock
for
Provision
Prov.
for
From Jan. 1—
Gross
and
■' !.
^
Co., a Subsidiary to
is controlled by Federal Water &
subject to SEC approval.
price agreed on is $9.50 for each of the
..
Research
>
is
•'
Interest charges
*
'•-
Co.—plans to Dispose of Com¬
in Birmingham' Gas Co.—
*
contracted for the. isale of its 63^ common stock
——
Depreciation, amortization and
1941
1942
1943
1944
July—
Gross
1st
(& Subs.)—Earnings—
Total 7
Alton
\
tentatively set for Oct. 31.—V.
p.
tNet
Furniture Mart Building Corp.
which
base
ham's
payment
Dividends,
Inc.—To Pay
the Birmingham Gas
in
transaction
stock,
77" .-.J-';!■.>7'77
777
529.
p.
■
has
company
Co..
Gas
like amount
6 Mos. Ended June 30—
-••
The
A
American Cyanamid Co.
all
•
.
American
'I'V'.'ri'''
♦,
Stock Held
mon
interest
999
Redemption
Corp.—To Retire Preferred—
:'l
•
after
;
529.
p.
loss
net
the
Curb Excnange.__.999
called for redemption as of Nov. 30,
Allegheny Ludium Steel
will be
•
,
1944, a total
of £100.000 of 5% first mortgage debenture stock and bonds due 1959
at 125 and interest.
Payment will be made at the Bank of Montreal
either at London, England, or at Montreal, Canada.—V. 156, p. 2093.
have
1021
—
Statement cf Member Banks of
Federal Reserve System.........
.1021
,
:'V:':7'W:r • ■v
77;'77^'. ■_r
Algoma Central Terminals, Ltd.—Partial
.■
There
Banks
Reserve
Condition
Stock and Bond Averages
529.
p.
Exchange Rates. ...... .... .
_... 1021
Combined Condition Statement of Federal
Foreign
160,
>77, 7>'-7;
77.7;/ 7:'7
1944
American Gas & Power
The
1017
..1016
7 7. .7
30,
June
$0.06
depreciation
tNo figures
bonds due July 1, 1946,
next, at 102V2 and int.
made at the Harris Trust & Savings Bank, trustee,
St,-, Chicago, 111.—V.' 157, p. 598.
West Monroe
115
Notices.1017
Clearings
$0.03
11,231
20-year sinking fund 6% gold
for redemption as of Oct. 1,
called
Birmingham
Investments News_977
Declared and Payable..
Dividends
The Course of Bank
3,114,707
189,082
i,;..y'; >7.-7:77. 7;;:v7-7
•
t$20,077
Nil
7, "•
>7-
outstanding
mtge.
been
Payment
1012
Offerings and Sales—1027
State and City Bond
$7,986,140
261,911
$323,356
—
—'
160,
.777.7";
.77,
:7
-*.•;»
the
of
All
(closed)
have
...
Exchange.^...*,-
t$10,519
American Furniture Mart Building Co.,
.......
Redemption Calls & Sinking Fund
$29,082,306
8,668,877
3,103,200
9,318,083
254,646
deduct.
pfd. stock—
on
Balance
—V.
718,156
Bonds—
$28,942
_
including interest and
and State taxes. tProfit.
ended
months
$21,391.—V.
was
1941
t$31,358
charges,
Federal
V,...;7\
six
the
For
all
for
estimated
before
available.
1942t$19,129
8,bl0
X
Nil
share
per
allowance
"After
and
(est.)
$9,812
charges
Miscellaneous Features
1944—12 Mos.—1943
$578,001
——
other
&
Inter,
2,110,767
..
Earnings
Exchange—Curb Section___1013
Over-the-Counter Markets
1015
>;■-
taxes
e.imi-
voting
/.7
Inc.—Earnings—
1943
$28,942
1944
$9,812
t
loss
Net
Stock
Toronto
243,495
$2,507,028 $31,609,340
842,807
12,095,636
265,600
3,243,200
779,189
8,871,940
273,600
taxes—
income
Gross
1943
1944
1,048,043
depreciation.,_
Provision
Stock
Toronto
396,339
.i:
Earnings—
$2,617,800
—
expenses -i—.
for
Exchange.
General Corporation and
Period Ended July 31—
Operating
Curb
1,243,597
6,543,352
1,170,437
Alabama Power Co.-
Prov.
4,954,479
1,169,887
5,361.878
income—
425.
oper.
160,
Gross
10 358,139
265,555
railway._L.__
from
Net
13,376,883
Exchange
Montreal
v
Stock
5,888,159
918,729
13,102,088
_
1941
$1,800,396
947,253
.175,801
1,976,806
158,051
.
Louis Stock
St.
$954,036
686,096
income..
January 1oper.
Stock Exchange..
Exchange
Pittsburgh
Montreal
1942
1943
1944
$1,838,496 7
.
railway-
from
Net
—V.
railway-
from
Gross
Net
V
Fed. & State
7;,.
-
3 Mos. End. June 30—
1011
1012
......1012
1012
1014
.1014
Exchange....
Stock
Angeles
....
Philadelphia Stock Exchange...
Alabama Great Southern RR.—Earnings—
July—
distinction between the two classes of stock will be
common stock will be of one class with equal
that all
so
1010
1010
1011
—
Stock Exchange.^....
Detroit
Los
Exchange.
Stock
Cleveland
in face amount of not exceeding $116,200 in further
evidence of the unpaid portion of the purchase price of certain equip¬
ment to be acquired under a conditional-sale
agreement, and (2) not
exceeding $350,000 of promissory notes in further evidence of, but
not
in payment of,
the unpaid principal on certa:n conditional-sale
agreements assumed by the company.—V. 160, p. 529.
promissory
company's certificate of or¬
amendment to the
proposed
a
1010
Stock Exchange
i:
Cincinnati Stock Exchange
Chicago
authorized the company to issue
21
Aug.
on
481,195
the directors.
by
the
"Loss
989
New
.1000
New York Curb Exchange_.-_______._--._1004
Baltimore
Stock Exchange.
.1009
Boston Stock Exchange.....
....1009
744,551
344,034
Net ry. oper. incomeNotes Authorized—
Quotations
(Stocks)
York Stock Exchange (Bonds)
1,763,319
railway.—
railway—
stock
owned
rights.—V. 160, p. 113.
Stock Exchange
New York
■
7
Oct. 2 will be asked to
recommendation of the directors that voting rights be ex¬
stock.
stock is divided into two classes "A" and "B," with the
only having voting rights.
A majority of the class A shares
a
American Encaustic Tiling Co.,
64,857
;1 133,426
from
Net
Issue
Stock and Bond
109,865
74,629
1—
on
common
uated
$274,159
155,097
from
Gross
$301,122
Income.—
oper.
ry.
From January
:
1943
$363,763
railway.—__
from
Net
'"Net
The
ganization,
This
meeting
special
a
tended to the company's class B
Page,
1944
88,995
approve
depreciation, amor¬
77 7-7;
at
stockholders
Under
In
>
Voting Rights—
The
400,295 shares at an average
1941
1942
$426,941
railway—_
from
of the
than $45 a share.
more
i«
Youngstown Ry.- -Earnings-
7^"V*'7r7;;7 '
July—
Gross
are
not
"A"
the com¬
payable.—V. 160, p. 529.; • -
except current bills
Akron Canton &
;
opinion
deduction of
'7.7 '
before
but
expenses,
and depletion.
tization
which
of its $22,643,543 net current assets,
not fully used in the business, to buy stock
MISCELLANEOUS
-
administrative
that the
Mr. Shane proposes
stockholders,
to
$16,000,000
funds for
The new
proceeds of this sale insure adequate
the financing of post-war expansion plans.
issue will represent the only indebtedness of
that the
pany
letter
a
INSURANCE
-
price of $40 each would
cost $16,011,800 and would leave only 400,294 shares outstanding, with
$6,631,743 net working capital, the letter says.—V. 159, p. 1.
insurance companies, namely, the
Mutual Life Insurance Co. of New York, Metropolitan
Life Insurance Co., Prudential Insurance Co. of America,
and the New York Life Insurance Co.
Company states
)
to
use
at
INDUSTRIAL
-
Retirement of
life
four
to
his
concern
$25,000,000 of 20-year 2%% sinking fund debentures,
due Aug. 1, 1964.
The entire issue has been sold pri¬
of
vately
Copy
60 Cents a
Price
York, N. Y., Monday, September 4, 1944
New
Number 4313
160
Office
Pat.
S.
Reg. TJ.
STREET,
HILL, THOMPSON
Dealers Association
NEW YORK
Philadelphia Telephone
F.nternrU* 6015
5
Bell
New
■
Teletype
York
1-576
'■
120 Broadway,
& CO., INC.
Hew York 5, H.
Y.
■,..>/// Monday, September 4, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
.
978
sales
Ilet
$7 281,357
TT.
sold
of goods
Cost
<-
Railway oper.
$683,963
$649,691
$2,472,616
$2,370,084
Railway
oper.
250,467
134,175
752,558
Railway
tax
Net
Admin.,
sell.
&
other
Interest
expense
(net)
on ad¬
MetaHne
Mining & Leasing Co;
Prov.
for
deprec., de¬
pletion & amc-rt
~v
Prov.
for Fed.
inc. &
Railway
Federal
X 400,000
964,010
710,173
424,769
income.
accruals
4,796,876
169,628,554 136,874,859
93,833,636
88,989,981
2,201,508
2,746,114
4,984,246
,
,
.
tax
and
income
153,215
month
for
of
Juiy,
Include $16,324,974
with $10,138,000 in
ended July 31, 1944,
profits taxes compared
-,Xj /X/ XX XX/'
1944,
profits taxes compared
excess
$79,404,144 Federal income and
July—
i
excess
r V
$210,556
$286,927
$802,567
$843,287
Net
from
$0.18
•
$0.30
$0.68
$0.74
Net
ry.
-
and
Net
from
Net
ry.
—V.
155,083
66,267
•'
in
55,933
18,373
40,302
3,301,566
3,040,252 X
1,259,029
227,983,
railway.—
1,386,997-/
railway.——
oper^
161,
p.
income—
531.
1,344,165
2,069.833
349,980
792,634,1
298,420
291,272
railway
railway
from
Net
Net
•
v
pocketbook.
77,155
>
Gross
from
Net
ry;
$733,404
2,961,944
2,677,512
1,006,163
691,488
715,205
Net
from
516,844
264,977
377,075
Net
ry,
•
;
:XX: :
from
Gross
—V.
X'X.
■■
statement
is expected to file shortly a registration
covering a proposed issue of $30,000,000 first mortgage
expected the new issue, designed to aid in retirement
railway..—.
1,013,570
income—
531.
' ,
247,268
oper.
160, p.
order.
t
/
Net
Earnings
1,450,000
2,350,000
850,000
(est.)—
$1,300,000
$600,000
(less res.)
inventories
$1,100,000
11,100,000
10,300,000.
14,600,000
profits taxes depends on total earnings
for the year, it is impossible until the end of the year to determine
the amount of Federal taxes properly allocable to the first half year.
Provision of $2,750,000 is an estimate of the proportionate amount
which should be charged.—V. 160, p. 619.
160,
ganization — Stockholders Eliminated—Plan
..System Top Holding Companies—
x
r
Railway
Gas
proposed' surviving company which would be set up to combine the
assets of the two holding companies into a solvent concern.
Also approved by
the Court was the report of Frederick Crane,
Special Master, which provides for the restoration 'of the two com¬
panies' securities to their position prior to the recapitalization plan
of 1933 sponsored by Howard C. Hopson, who headed the system at
that
that
the
but. who
time
plan
new
consideration.
It
mail fraud. It is expected
will now go to creditors of the companies for their
will become operative only if accepted by creditors
later was convicted on
by the Court.
the system often was referred to as a $1,000,000,000 sys¬
Hopson regime, Judge Leibell found that the assets of
companies have a value of between $105,000,000 and $115,-
confirmed
Although
the
under
two
$668,406,240 as of March 31,
compared with a face value of
000,000,
1943.
In
the
securities to their 1933 status, holders of
Associated Gas and Electric Corp. 8% bonds due in 1940 receive
Holders of these
rate of $102.56,
at 4%
a year from July 10,
1943, for each $100 face
held.
New common stock will be distributed to other
interest
amount
now
and
debentures
new
participating creditors.
Judge Leibell wrote that
combined assets of AGECO
claims.
assorted
their
of
most
a
prior claim for
bonds will receive
plus
of the
restoration
the
at- the
cash
,
"it is unfortunate that the value of the
is such that many classes
of AGECO security holders
(including all stockholders) do not share
in the assets of the surviving company under the plan of reorganiza¬
tion.
Under the circumstances here present, it is not necessary that
the Court make a precise valuation of every asset in order to make a
finding that the excluded securities and stock of AGECO have no
and AGECORP
value."
-
;
-
Capitalization of the "surviving" company will consist of an author¬
ized $8,000,000 in new senior debt with an .estimated $7,500,000 out¬
standing, $8,000,000 in new debentures with an estimated $7,400,000
outstanding and 10,000,000
shares of $5 par common stock with
7,500,000 shares outstanding. •
The
Associated
$100
of
debentures
income
Electric
Co.
fixed
in
and
1986
1983
Gas
1978
interest
distributed
■-./'/'/•
shares
2Va
X
receive
to
are
slightly
more
than
claims.
of
Associated
three
holding
and
Gas
Gas
and
companies.
No "When-Issued"
The SEC
counsel
on
its
to
•when-issued
templated
firmation
the
plan
Co,
Corp.
General
holds all the
which,
Gas
in
and
common
trading
by
of
new
but
Indenture
Electric
-7 Mos.—1943
the
the
plan
of
to
the
effect
debentures
new
reorganization
that
and
prior
by the Court.
pointed out that there could be
debentures
Act
until
of
parent
Corp.,
1944-
„
Other
pot only
until
qualification
of
after
an
there
income
20,207,027 162,314,255 134,557,613
4,00.9,058
29,613,196
25,163,718
accrualsrents (net).
(net)
135,380
rents
3,683,648
1,025,768
4,114,737
1,085,911
658,068
142,497
27,222,403. 40,539,893
6,338,186
688,376
income———
4,839,513
63,611
2,518,627
7,026,562
159,443
31,190,200 44,914,605
561,747 ' , 955,309
2,546,091
16,303,185
Profit
Net
4,321,028
14,325,268
' XX\
p..826:
Taxes
the
4,374,712
3,967,797
.
.
of
behalf
■
:
.•
;
effect
is
alleged,
be
will
the
1943,
619.
p.
Bangor &
Gross
Sept.
30,
ment
1943.
will
to
$5
April 1,
the Oct. 1, 1944, pay¬
■'X'X %■ Xv '',V 'X;
on July 1, last, and also
of
after payment
Arrearages
amount
per
1944, \vhile on Jan. 1, 1944, only one of $1.25 was made.- •
ry,
—V.
ICC
on
Aug.
24
trustees
of. the
stock
'
1944,
fOn
.
s*
159, p. 2188.
J
$1.10
taxes:
$1,687,697.
:
RR.—Earnings
X"
'■ 1944
XX
1943
1941
1942
526,261
11,406,338
10,251,817
11,842,431
11, 192,976
2,554,292
1,434,552
4,374,394
5, 813,070
income— X2,433,695
719,896
1,880,229
4, 603,186
$2, 342,759
'$2,311,897
943,560
1,218,176'
300,545 '
1, 511,501
1, 163,093
railway
•
railway——
427.
p.
&
Co.—Earnings—
sales
1944
1943 V" X;. 1942
$12,798,472 $11,683,849
$8,438,520
July 31—
——
profit
tEarns.
405,409
514,639
$1.35
$1.72
share—
per
"After
p.
<x
.
depreciation and taxes,
fOn 300,000
The stockholders at their yearly meeting
as
$1.48
$1.07
,
common
shares.-
-V.
159,
both
Viedt,
Vice-Presidents
directors.—V. 160,
new
Bethlehem
All
the
of
on
4
.•
Sept. 27 will vote
on
the
to
company
at
issue
4.
p.
George C. Spitzmiller and Harold
the company, have been nominated
of
X.'X'XX. //
X'
-
Steel Corp.—Debentures Called—
outstanding
15-year
sinking
convertible '3Vi%' de-
fund
bentures, due Oct. 1, 1952, have been called for redemption as of Oet.
2. 1944 at 103Va and int.
Payment will be made at the company's
X transfer department, 25 Broadway, New York, N. Y.—V. 160, p/ 723.
v
XX,
6 Months Ended—
par
sales
Net
0?
Cost
agreements,—V. 160,
under conditional-sale
an
retirement income plan.
employees'
B.
447,946
1142.
Best Foods, Inc.—Annual Meeting—
•
X
1941
$8, 040,905
320,284
/X X
ship,
17,280,027
and
17,188,380
18,429,550
1» 100,034
1,092,082
2,151,008
430,420
X's 374,735
12,991,143
gen.
expenses.-—/..—
••
July 3, '42 June 28, '41
July 3, '43
$19,753,489 $18,891,675 $24,077,238 $18,019,720
sales—.
Selling,
X-
July 1, '44
2,597,560
'
and
Deprec.
Barber Asphalt
Corp.—Resumes Dividend—Xx.:;/xx
Aug. 29 declared a dividend of 25 cents "per share
stock, par $10, payable Oct. 2 to holders of record
directors on
The
the
common
A similar distribution was made on May
160, p. 531.
X •
-X'X-X ..
Sept. 15.
—V.
.
■
Gross
from
1944
.
-
railway
$814,855'
railway—
oper.
402,625
86,209
income
21, 1940; none since.
XXX-;>".XX-X,
Ry.—Earnings—
1943
"$838,723
403,572
114,058
?-^1942
-
from
5,741,488
4,513,257
Net
ry.
income-,.-
1,051,115
oper.
.
729,578.
3,931,952 /
2,055,010'
1,405,889-
•X
'X •''•'
'V
•
■
"
expenses
for Fed.
Prov.
W;.
Excess
t
Res.
:
12,607
tax.
nor.
:
95,000;
,
»
,
480,000
1,110,000
220,000
t
contingencies-
/
543
850,000
t
.
11,831
t
350.000
profits tax
for
399,802
17,125
Int. and other non-oper.
XX
250,000
300;000
X $894,277
$1,031,215
•
$477,341
$516,638
—
79,209
X> 313,609
313,609
313,609
stock
Earnings-per
79,209
//; 313,609.
627j218
313,609
313,609
$2.62
$3.20
out-
standing
—V.. 160, p. 531.
"53,355
$1,084,570
79,209
79,209
stock-
com.
com.
"8,873
$903,150
-
$232,807-
stock—
pfd.
on
Shares
"63,845
313,609
on
Divs.
1.898.511
806,530
397,509
$168,963
39,297
■
186,887
2,793,156
railway
X *.
Balance
1941
Interest received
$269,741
116,303
64,040 X5.' Net profit
t'$584,370
296,725
r
on
rf
Divs.
7,747,103
railway__„__
from
Net
duty
X waste sales
•v
From January 1Gross
438,480
amort...
for
-Reserve
share
.
.
t
$1.39
'
$0.49
>
-
Weekly Output—
week ended
capital
//
Bigelow-Sanford Carpet Co.—Earnings—
authorized
826.
p.
and
$2,373,616,' 1941,
1942,
$2,752,706
742,855
160,
"Net
notes for not exceeding $360,000 in evidence of, but
of the unpaid portion of the purchase price of certain
equipment to be acquired
income
1941:
:
$0.92
income—
6 Mos. End.
Net
in payment
not
Federal
1942 :
•
$2,317,227
$0.95
-
.
Notes Authorized—
The
$0.94
.
(& Subs.)—Earnings
1943
$2,090,996
$2,144,350
oper.
Best
24
share.
distributions of $1.25 each were made
Two
on
Aug.
on.
159,
$2,418,632
1,083,303
irom
from
Net
.
Accumulated Div.—
Aroostook RR.—lVi%
/
railway
oper.
Net
declared a dividend of V/\f'c on account
of accumulations on the outstanding-5%
cumulative convertible pre¬
ferred stock, par $100, payable Oct. 1 to holders of record Sept. .7.
The same is designated as Dividend No. 27 and is the accumulated
dividend for the quarterly period beginning July 1, 1943, and ended
directors
The
ry.
accrued
and
$1,203,820.—V.
From Jan. 1—
1 '
♦
1943,
railway——
from
Net
the
:
31.
X
1944
$1,405,283;
X,'
from
2,022,920
$7,089^39
certificates
savings
Dec.
$2465,712
share.
com.
deducting
Net
deprive
to
control
to
2,048,692
'
——_
July—
Gross
of
adoption
the
of
rights
con¬
Trust
/
^
,
$1,103,710;
Bessemer & Lake Erie
the amendment if held to be valid,
the preferred stockholders of their
management of the company and the
election of its directors.
It is further alleged that, the purpose of the
purported amendment is to effect in the-voting trustees in their indi¬
vidual capacity, continued control of the business after the expiration
of the voting trust agreement on July 1, 1945, and that said action was
motivated by the knowledge that many of the voting trust certificate
holders for the preferred stock are dissatisfied with the management.
The complaint asks for an order declaring the action of the voting
trustees null and void and seeks their removal as well as removal of
the directors because of alleged breach of their fiduciary duties.
The
bill also requests a termination of the voting trust agreement arid dis¬
tribution of the stock to certificate holders, and damages.—\f. 160,
Tne
it
present
ultimate
of
income
2,000,(00 shares.—V.
beneficial owners of preferred stock and giving the
On the same day, the complaint
says, the directors called a meeting of stockholders of record, namely,
the voting trustees, for the purpose of acting on the amendment and
that the voting trustees unanimously purported to adopt the amend¬
\
tax
Treasury
1S44,
1,341492
$6,867,421
—
;
"After
right to vote to the debenture owners.
ry.
the
States
200400
1 548 119
1,341,092
———-
voting rights of the
ment.
.200400
1,548,119
——
—
June 30,
$2,738,562;
5433
7447
Beneficial Industrial Loan Corp.
seeking removal of the voting trustees and directors, for al¬
leged wrongful actions and breach of fiduciary duties. • The complaint
alleges that on June 21, 1944, the defendant directors, a majority, of
whom were voting trustees, passed a resolution recommending amend¬
ment of the charter of
the company by taking away the exclusive
18488
6,251
par)
no
6 Mos. End. June 30—
company
123,614
bonds—
:
per
140470
91,594
balances
(467,900 Shs.
United
tEarn.
145,089
X 33,022
•
contingencies——,
2076.
X "Net
537,007
170,662
17,928
profits taxes
1
"Less
$1,000,00,0
410,060
——X
excess
surplus;.
Total
of the
certificate holders
trust
stock voting
preferred
the
Net
under
Earned
$0.65
$1,000,000
'•
—_
surplus
% interest,
Dorothy K. Brown, Boston, on Aug. 24, filed suit against the voting
trustees and directors of the company in Federal Court, Baltimore, on
con¬
v
.Capital
'Baltimore Transit Co.—Seeks Termination.. of 4Voting
:XaXXX3X/,®
stock
confirmation
court
indenture
1939.
■
for
/Common stock
164,280
liabilities-!——
current
$271,001
XXXZ>XXX';X X/XX" XtX-XX;
withheld—other..—.
and
"Includes other
The
and
X
163,880
$0.46
—
receivable—credit
Reserve
/
632,000
$189,652
•
etc,_l-
wages,
income
accrued
11,179
444,000
.
share—
payable—trade
Fed.
$914479
5,585
taxes—
J——Xl—r_——X„!.l
XX/ XxXX/X'X/X
Miscellaneous
.
Trust—
from
•
,
42,428*
$882,986
X 31,194
$639,237
profits
excess
—_—„——
common
expenses,
v. Accounts
p.
Net
when-issued trading
no
842,059
$571,915
67,332
■
payable—banks and bankers—
"Accrued
26,134,403
2,257,275
income—
Net
no
common
to
be
1943*
$1,767,473
822,684
deductions———.
and
income. &
paid
per
Accrued
.
17,824,888
charges—
July—
Cashion,
to
723.
p.
X"
1944
.X
expenses/!—
—
charges
Accounts
31,354,836 224,350,502 204,970,640
Beaumont Sour Lake & Western
would
160,
—n__!—.X;/ 42,079
for-Fed.
Notes
526,885
—V. 160,
Asso¬
Trading In New Securities—
division,
in
stock of
the
transition
smooth
assure
—v $1,436,677
administrative
X"/ Liabilities—
4,312,628
Fixed
:
the plan
also
is
turn,
Aug. 28 made public an opinion of Edward H.
finance
The opinion
in
Electric
Electric
Electric Co. and NY PA NJ Utilities Co.
ciated
.
Earns,
deducts, from. Inc.
Misc.
on
The Associated
to
operating profit —
•
Other ..income—-.
—_iX
$9,322,540 $11,461,691
24,046,551
5,410,142
702,272
promissory
shares.
certificates
and about a half share is to be distributed to holders of
convertible obligations due in 2002, and for each share of preferred
etock nnu preference stock held by those who originally obtained tlieir
securities in exchange for convertible debenture certificates.
General creditors are to receive 2.14 shares for each $100 of allowed
order
profit—
general &
/Depreciation
3,555,267
34,606,973
....
tax
Total
due
debentures
and
share,
the
31—
income
Other
follows:
as
and Electric Corp. debentures of 1973
the Associated Gas and Electric Corp.
about three shares, Associated Gas and
debentures
two
about
debenture
Convertible
one
1944—Month
1944—Month—1943
Net ry. oper. income.
(
shaves,
6V2
about
receive
will be
stock
common
new
Each
will
■,
...
-.XXXX 'X/X
XX
in
?X
XX
revenues....
facll.
Joint
:
the company (AGECO) and the Asso¬
(AGECORP) was approved Aug. 26 by
Judge \ incent L. Leibell in U. S. District Court,
r ; ■
■
Under the reorganization
plan, which was approved April 17 by
the Securities and Exchange Commission, many of the 226,876 security
holders, Included all stockholders, do not share in the assets of a
the
channels
sales
operating
Selling,
Railroad—Earnings—
& Ohio
expenses
Equipment
to Merge
for reorganization of
and Electric Corp.
plan
veterans
of
performance
Belding Heminway Co.—Earnings—
'XXX/XXX
Gross
3,229,344
S75G.663
$688,302
income
531.
p.
Operating
Operating
.
Electric Co.—Court Approves Reor¬
returning
for
v':
and
6 Mos. Ended June 30—
v.
the amount of excess
Associated Gas &
tem
quality
/Withheld for employees war
net profit
both
employees."
peacetime production, merchandising and employment.—V.
$
MeraT taxes (est.).., '2,750,000
M^chandise
and
87,673
-"
358,269
292,785
Period End. July
$33,113,000
employment,
post-war
in
/XXXX'X, .XX .X X.
■
and
Total
oper.
ry.
—V.
3,050,00
Annroximate
"Since
X'X
Prov.
3,850,000
A
•
/the
when
Meanwhile, he added, the company is establishing the necessary dis*tribution
504,737
Dividends
Tota?°net1'sale?M^MO'OOO 839*825,000
ciated
f
$1,114,932 $12,551,884 $15,016,958
$981,087
Operating income
of equip. & joint
alphabetical
Corp. (& Subs.)
to
present
our
said.'
possible.
Associated Dry Goods
for
2,584,355
Rent
Baltimore
ProSn
41,179
3,117,446
718,208
195,268
war
...
alphabetical
to arrange companies in exact
However, they are always as near
position as
■
24,207
for
chassis components/
speakers and recordrplaying mechanisms will be characteristic of the
complete line of AM-FM home radio and radio-phonograph combinations to be manufactured and marketed by Bendix-Radid, Mr. Hilliard
1944—Month—1943
facilities
possible
186,561
'
production
volume-of
-X '"X -" XX
the/home radio field,
,
that
Improvements
$437,385
X 118,720
$553,734
r
4,292,2451,456,050
533,310
4,562,957
railway
always
mechanical reasons it is not
NOTE'—For
and
1944—7 Mos.—1943
Operating revenues
$11,840/946 $11,724,516 $93,995,381 $92,866,326
46.099,368
Operating expenses
7,609,359
6,609,584 53,193,497
nnn
Amt. required for tax..
3,250,000
4,000,000 28,250,000 31,750,000
late
will be ready for competitive bidding by
October.—V. 160, p. 826.
debt,
cost
higher
of
45,520
Atlantic Coast Line RR.—Earnings—
Co.—New Financing Contem-
plThedcw»pany
(September or early
147,386
41,630
*
income—
oper.
Period End. July 31—
triSi the SEC
wwiJ it is
$526,880
217,801
railway..__
railway.:
from
Net
3,438,232
$03,122
400,028
& Light
Arkansas Power
147,663
53,538
July—
tremendous
1
v
production of high quality radio equipment
the range oft the average person's peacetime
: //.X'XXV :'"
by entering
:
believe
•/X/■■■;/
■'
situation permits, we will be not only making engineering
and production contributions to this field, but aLso will be contributing
1941
1942 / ;;
1943
the
to
way
said.;
military
Coast RR.—Earnings-
1944
Hilliard
Mr.
within
well
which
developments * in ■ the
standards, of quality
research and many new
provide the basis for new
time,
the
price
these fields, it was disclosed.
production of the Radio division,
in
current
will
same
pointed
a
: •"We
96,880
From January 1—
3,410,068
railway——
Net from railway
Net ry. oper. income—
—V. 160, p. 426/
;
from
Gross
126,725
73,890
142,678
72,030
1—
From Jan.
<
income—,.
oper.
ry.
$445,619
$437,949
154,846
from
Gross
-
1941
$512,608
1944
JUly—
1942
1943
that
substantially
Atlanta Birmingham &
RR.—Earnings-
.
$200,000,000-a-year level, is in secret devices which •
a
reception,"
the
"At
-
at
the
of
engineering,
home
has
_
Arbor
Ann
90%
field
radio
$207,744
*
January 1—
f.'om
Gross
1942 X
•
202,346
171,097
33,597
income...
equipment
of
types
represent
^1941:
-
.
„
recently reached
$350,324
$454,818
$477,980
railway.——
oper.
From
•J/'1943
1944
...
,
railway.,—
from
Grass
mark
"
Atlanta & West Point RR.- -Earnings—
626,780
167,600
287,095
'
will
program
Radio division..
•:„ X X
X The division has pioneered for years in the development and manu¬
facture
of i aircraft
radio,, receivers- and
transmitters,
ultra
high
'frequency, and micro-wave equipment, aircraft instrument landing sys¬
tems, precipitation static dissipators and other advanced radio devices,
'Mr. Hilliard stated.
:
v-.—/v."//XX:-'."''
' X ;" •• X-■ ''
The
Baltimore plants are currently producing 128 ^different kinds
v
35,831,995
29,589,998
"Some
180,000
269,000
com.
per
12,475,897
<J79,227
Wjth $74,664,000 in 1843.—V: 160, p. 530.
share.
For
the six months ended June 30,
1944, net profit was $358,680,
or
SC 28 a share on common, comparing with $484,000, or $0.46 a
iZmmcm share for the first half of 1943. Federal income and excess
SX taxes for the six months were $251,760 in 1944 against $484,360
in 1943.—V. 159, p. 2186.
»
Earns,
23,698,991
18,572,820
cred., Dr
Railway tax accruals for the seven mpnths
include
X
profit
Net
-
26,781
/160,000
taxes-_
profits
excess
25,589,374
exps
accruals./-
oper.
ry.
1943.
to
vances
,
515,621
8,350
loss
for
Prov.
504,264
141,718
4,417
127,654
Cr7,067
41,583,903 295,253,696 264,442,949
$3,122,642
$900,158,. $2,603,790
$753,358
plants, in
-
the corporation's first entry
-into the ponsumer manufacturing field, in addition to its variety of!
scientific equipment for aircraft, automotive, marine and other indus¬
tries, Mr. Breech pointed out.
.
.
./•
More than, 70% of the highly precise radio equipment required and
used
by American
and world airlines was being produced by the
company's
Baltimore
radio
plants
before
the outbreak : of World
War II, it was explained by W. P. Hilliard, General Manager of the
radio
„
49,838,297
'
revs
Other debits or
—
X
•
1944—7 Mos.—1943
1944—Month—1943
31—
company's
the
in
manufactured
stateU.
was
home
The
.-
$
69,394
income
X
Santa. Fe.Ry.it
;
Period End. July
23,675,726
27,513,132
6,456,813
597,394
income
Total
.
6
profit on sales
Gross
Other
X ;X
1944—12 Mos.—1943
$7,106,504 $29,985,747 $26,045,810
1944—3 Mos.-—1943
30—
it
Baltimore,
and Panhandle &
(Includes Gulf, Colorado & Santa Fe Ry.
Companies!
Wholly-Owned Subsidiary
(Including
Period End. June
Railway—Earnings—
Atchison, Topeka & Santa Fe
Co.—Earnings
Lead & Smelting
American Zinc,
will, be
radios
Home
Associated
Gas
&
Electric
.
Corp,
•
report
•
was 124.229,497 kwh., an increase of 3,363,101 kwh.. or
2.8%, over the corresponding week a year ago.—V. 160, p. 826.
The )
for the
Aug. 26. 1944, net electric output of the Associated Gas &
Electric group
Bendix Aviation Corp.—To EnUr Home
corporation's
manufacture
military
R.
and
situation
permits,
Breech, President.
Radio
Bendix
market
a
line
it
of
was
division
home
Radio Field—
sets
eral
the first time
will /for
radio
as
soon
as
announced, on Aug. .28. by Ernest
..
. ..
taxes
,
on
income.
■/•■,.
INo provision made for Fed¬
.
..
-
Balance Sheet As At July 1/ 1944
. ^
/
Assets—Cash, $2,311,625; U.. S. Government, .securities,\ $5,050,000;
accounts and notes receivable (less reserves of $253,925), $4,128,841;
^
the
non-operating income.
,
X'.
IGh
<
-
;
•f
-
Volume 160
"r
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4313
Inventories, $8,715,526; land and water rights, building and equipment
(less reserves for depreciation, "amortization and revaluation of $21,-
■
complete line of standard bolts and nuts and special lines of cap
rivets for many different types of industries, including
the
automotive, * railroad,. agricultural
implement
manufacturing,;
building and oil producing industries.
Included among the commer¬
cial
items produced are machine bolts, carriage bolts, lag screws,
plow bolts, track bolts, machine screws, stove bolts and thousands of
Specialized, forms of fasteners.
Oil well pull rods and sucker rods
suitable for use in'shallow fields, such as those in Pennsylvania and
Illinois, are also manufactured by the company on machinery spe¬
cially designed for that purpose.
■)
Practically the entire production of the company is now used for
war
products, such as armored tanks and trucks, gun mounts; am¬
munition parts, ships and landing craft.
The plant is running at
full capacity, limited only by the available manpower.
;
'
ftft
,!
-
serves
held, $153,019;
stock
:y
?
»
6%
preferred stock
.
<313,609 shares
Blaw-Knosc Co.—To Pay 15-Cent Dividend—
The
-
directors
'
.
no
History—Company,
•
succeeded
Payments in 1943 were 20 cents each on June 28, Oct. 21
Peq, 23.—V. 160, p. 531.
and
to
.business, which
a
the
-
present
site
in
ft
The
ft ft
proposed
transaction
to
exist
as
of
$110
a
Tonawanda,
N.
"ft'
1897,
Y.,
in
established
$8,751,857
6,742,837
1 -■ - '■
all the
of
purchase
-
573,417
546,160
$8,623,060
6,320,171
442,503
ft ,ft $956,839
$1,594,144
$1,462,860
$1,860,386
3,770
4,183
2,908
$1,465,768
316,806
—Calendar Years-
$1,862,061
1943
1942
1941
:
-
\!'f]
and
'
Other
share
from operation
income
ft
_
„
ft Canadian Canners, Ltd.—Common Dividend Increased
—May Pay Bonds— 1
"ft.- ■ftftftftftftv
ft- ft:
'
Total
income
$960,609
—_
;
tum promptly will be distributed by the Nashua & Lowell among its
*
Income deductions
314,024
ftv 318,216
,ft, 179.5U
ft.-" stockholders, proportionately and ratably according to their interest,:?;
...the applicant will receives more than 95 ft
of the purchase price
t- Net
income
ft " $781,098
$1,284,303
$1,148,962
$1,543,845
within a few days
from the date of payment.
The applicant, also
Provft for Fed. inc. &
will pay
all incidental expenses incurred by the Nashua & Lowell „
excess profits taxes.i ft-578,122
896,948
776,290
1,027,234
in connection with the transfer of the property and franchises.
The
Res. tor.est. reneg.- ref.
45,000
■ft,
22,500
applicant does not know of any dissenting stockholders of the Nashua •*
&
Lowell, but should there be any such stockholders, who obtain
; ft Net income
t$342,355
$516,611
$372,672
ft t$180,476
appraisals of their shares, the applicant will pay the amount, if any,,
Earnings per share on
by which the appraised value exceeds $110 a share.
The stock of
$1.51
ft 341,614 shares —r_ft ft, ft $0.52
$1.00 ft ; ft $1.09
the Nashua & Lowell is inactive, the only substantial sales in recent
ft! "Including interest, social security taxes, other corporate taxes and
years having been
those to the applicant at a maximum price of
charges.
tAfter' reserve for renegotiation refund of $45,000 for the
$110 a share. > All payments to be made by the applicant will be
:
year 1943 and $22,500 for the six months ended June 30, 1944.
from available funds in its treasury, and no securities will be isued
<
The
5
share
'
directors
the
on
have
declared
stock,
common
and the usual quarterly of 25
a
a
quarterly dividend of 20 cents per
participating dividend of five cents
cents on the first preferred stock and
participating dividend of eight cents
cents
the
on
Oct. 2
'
non-cumulative
the
holders
to
of
record
the regular quarterly of 15
preferred stock, all payable
Since April, 1940, dividend on
Sept.
15.
stock had been paid at the rate of 12 Vz cents quarterly^
participating dividend pn the convertible preferred stock in
the same period was five cents quarterly.
'
It is reported that the
company intends to call for redemption all
of its $2,420,000 outstanding bonds.
Funds for this purpose, it is
understood, may be received, in part, from bank loans.—V. 159, p. 1144.
-
therewith.
connection
\
►
.
^
To Issue Promissory
■
-v. :>■
Notes—
on Aug. 28 asked authority of the Interstate ComCommission to issue promissory notes not to exceed $5,571,689
interest on indebtedness heretofore incurred in the purchase of
The company
V
*;.;•
t
:
and
v
four Diesel locomotives
which it still owes $1,702,721
on
at
!
par
'
Earnings for July and Year To Date
.
.
'.V
Operating
5,283,619
962,447
(Dr)__
27,713
216,306
22,376
income
$1,015,491
$891,597
114,623
118,029
Equipment rents
Joint
(Drj__
rents
fac.
5,651,814
1,792,244
798,188
208,783
-
ry.
Other
income
Total
;
oper.
4
Co.'of New
161,335
$8,194,007
Bank
_
income
deductions
Total
Net income
*-V.
ft
160,
$1,130,114
—_
374,897
_____
v
$647,492
$755,217
—
$4,037,902
amounted
-ft;
1
to
$5,630,473
A.
Earnings for
1944
tNet income
24,284
$94,162
E.
87,918
'ft t Exclusive of profits
Note—No
months
six
regulated
Code,
and
or losses on
investment securities.
;
as
defined
distribute
-
,
,
.
'ft ft
and
ft
Midland
the
ft
W.
&
Operating
Operating
Net
—V.
8,846
for
$12,898,135.
eral
r
4,411
ft
b!
5,589
4,411
3,529
Net
4,471
3,912
ft;. 3,912
3,529
Net
ry.
3,088
3,088
Net
2,647
2,206
2,794
Dominion
in
Placed
Oil
2,206
2,206
2,794
2,236
2,206
Gross
1,764
Net
1,678
1,322
Net ry.
1,678
—
—ft
1,322
$4,940,288
Gross earns, from oper.
Operating
Net
expenses
2,299,872
___
$2,640,416
earnings
The company has created
$123,750
>
1,322
62,2^0
Development Corp.,
States—.•*
-
~
-
(N. Y.)
$4,507,845 $33,002,742 $29,380,022
2,057,046
15,768,785
13,294,296
$2,450,799 $17,233,957 $16,085,726
Bolt Co.—Stock Offered—Public of¬
141,054 shares
($1
par)
common
stock was
; made Aug. 28 by a nationwide banking group headed by
I ft/Van Alstyne, -Noel & Co. The stock was priced at $6
r
per share.
Of the shares offered 62,220 are being sold
for the account of stockholders, and does not represent
Vft *iew financing. ft.-'-ftft.
\ft..ft:/
./.ft.
•
t
i Business—Company
is
a
leading Independent manufacturer
of
a
1941
$163,85T
63,121
*8,508
1
19,986
*51,566
iJ
1,637,187
1,264,549
..
2,935,592
1,173,933
2,424,968
878,124
567,189
860,226
Vermont—Earnings-
1944
from
railway
from railway
1943
1942
$128,347
*37,248
*78,341
$127,236
oper.
*44,363
*37,791
793,831
*261,053
814,801
*125,292
*518,198
*352,620
801,380
*23,512
*225,316
*20,452
*60,878
income
being
Fidel Association of New
to enable the company to drill
sold
to
The proceeds will be
used
1944—Month—1943
earnings
Working expenses—
Net
Budd Manufacturing Co.—Listing of $5
earnings
Cumulative Prior Preferred
'
The
New
Traffic
$
27,316,122
23,656,632
•
3,659,490
—_
official notice of issuance and sale, making
applied for 179,062 shares.—V. 160, p. 723.
the
upon
of 60,000
(no
total
par)
ft
tper
$
3,930,047
earnings
directors
share
of record
increase the authorized
wV.t
.
; :
x .? ft
-
V,.
>,
j
.
'ft
;
;.ft,,ft.:;•
■..
••
,
ft...-.'
,
.;.-.-..: ■;
shares
'
•..
'•>
•.
.-.ft,i '■
Campbell, Wyant & Cannon Foundry Co. (& Subs.)—
Earnings—
ft ft-,?,
ft'ft'"
6 Mos. End. June 30—
+1944
"Net profit
Earns,
1942
1941
$379,936
$412,824
$323,517
$404,143
$1.08
$1.20
$0.94
$1.17
share-——
per
•t1943
"After
depreciation and other charges, Federal" income taxes and
excess
profits taxes.
tConsolidated accounts exclude Ordnance Steel
Foundry Co. and Campbell, Wyant & Cannon Engineering Co.
The consolidated ihcome statement for 6 months ended June 30, 1944,
'
•
;<."s,ft
:»
■
K
..
■
■
:•
ft .* ;*.
ft* Gross profit from sale of products, being net sales less
cost
of
products
production
sold
including labor, materials and production ex¬
pense, but not including depreciation and amortization of facilities for
which certificates of necessity have been obtained, shown as separate
items below, and exclusive of any provision for refund resulting from
renegotiation of profits on war contracts, $2,476,597; other operating,
income—net, including cash discounts received and allowed'and profits
and
come
$29,508; total gross profit, $2,506,104; administra¬
selling expense, including administrative salaries, development
expense, $722,139;
profit before including investment in¬
sundry, sales,
tive and
other
and-before
for Federal
taxes
deducting
on
income
depreciation,
and
amortization
refund resulting
provision
and
from renegotiation
$1,783,966; interest and dividends received,
$9,236; total profit, $1,793,202; provision for. depreciation and amor¬
tization, $385,320; interest expense, $26,945; provision for Federal taxes
on income and refund resulting from renegotiation of profits, jcn„ war
contracts," $1,001,000; net profit for period, $379,936; dividend paid,
of profits on war contracts,
,
$172,463.
tions
of
on
25,133,209
$6,068,000
ft
;
*.
..
■
.
on
Aug.
29
declared
the common stock,
year
Sept.
50
cents.—V.
•
26,339,905
,
;■
.
.
par
an
interim
dividend
$5, payable Sept.
of
13
50
cents
to holders
ended June 30, 1944, the company paid dividends as
and Dec. 10, 1943, and March 11, interim distribu¬
14
cents
159,
p.
each;
2189.
Carrier Corp.
—
and
June 9,
a
final year-end
Preferred Stock Offered
dividend
—
headed by Harriman Kipley & Co., Inc. and
of 75
A group
Hemphill,
Noyes & Co., on Aug. 29 offered the Unsubscribed portion
of 70,000 shares cumulative preferred stock, 4J/2% Series,
at par ($50 per share).
The public offering consists of
12,867 shares, the balance having been taken by common
stockholders and regular employees of the Corporation
under offers that expired Aug. 25. Other members of the
offering group are: The First Boston Corp.; Kebbon,. McCormick & Co.; Lehman Brothers; Merrill Lynch, Pierce,
Fenner & Beane; Clark, Dodge & Co.; Eastman, Dillon &
Co.; Hornblower & Weeks; and W. E. Hutton & Co.
ft- Holders of 415,666 outstanding shares of common stock were granted
pro rata rights to subscribe for the new preferred, at par, on the
basis of 16 shares of preferred for each 100 common shares held.
Regular employees of Carrier were also offered the right to purchase
up
to an aggregate of 10,000 shares, subject to prior subscription
rights of common stockholders.
Convertible, prior to Nov, 1,1954 (or until redemption if redeemed
prior to that date) into common stock at rate of one share of common
stock for each $20 par value of preferred stock, 4 Mi % series/so con¬
verted on or prior to Oct. 31, 1949,
and at rate of one share of
common stock for each $25 par value of preferred stock, 4 Mi %
series,
so
converted after Oct. 31, 1949, and on or prior to Oct. 31, 1954.
Redeemable at any time, in whole or in part, at election of corporation
upon not less than 45 days' notice, at $54 per share to and incl.
Nov. 1, 1946; at
$jS2.50 per share thereafter to and Incl. Nov. 1, 1954;
7, N. Y., BEekman 3-3341..-Herbert D. Seibert, Editor and Publisher;
and Advertising issue) with a statistical issue on Monday!.
Other
Copyright 1944 by William B. Dana Company. Reentered as secondand Possessions, $26.00* per year; in Dominion of Canada, $27.50 per
South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia, Australia and Africa, $31.00 per year. NOTE: On account of the iluc.a=-
year;
afcions in the rates of
Company. Publishers, 25 Spruce;St., New York
twice a week teVery Thursday (general news
London, E. C., England, c/o Edwards & Smith,
March 3, 1879.
Subscriptions in United "States
exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
:
>
$5,792,000
Sept. 8.
the
follows:
capital stock
1944- -7 Mos.—1-1943
26,642,582 181,891,177 162,874,113
22,712,535 155,551,272 137,740,904
Carpenter Steel Co.—Interim Dividend of 50 Cents—
The
amount
*6,095
Week End. Aug. 21
1944
1943
—V. 160, p. 827.
Shares—
York Stock Exchange has authorized the listing
shares of $5 cumulative prior preferred shares
ft-
Railway—-Earnings
Gross
Jointly with McColl Frontenac Oil Co., Ltd., to test four
comprising 85,000 acres.—("Wall Street Journal.")
1941
$128,022
*11,183
■ft
Period End. July 31—
issue of $220,000 5 Vz % debentures, of
an
presently
are
Commercial and Financial Chronicle (Reg. U. S. Patent Office) William B. Dana
William Dana
Seibert, President; William D. Riggs, Business Manager.' Published
offices: 135 S. La Salle St., Chicago 3, 111. (Telephone: State 0613); 1 Drapers' Gardens,
class matter February 25, 1942, at the post office at New York, N. Y., under the Act of
The
1942
$273,989
$140,194
July—
Canadian Pacific
Ltd.—
ftft
Inc.
from
Buffalo
fering of
Earnings—
3,728,071
J.*
January 1—
ft ft
Gross from railway846,244
Net from railway-,.;—*
*327,902
Net ry. oper. income—
*607,975
"Deficit.—V. 160, p. 532.
wells
follows;
«5-»V, 160, P. 619.
ft?
3,615,054
1,485,330
From
^
1,678
&
United
The stockholders have voted to
i
53,631,000
■
Canadian Pacific Lines in
2,794
from 1,600 no par shares to 80,000 no par shares, by issuing 50
of new stock for each share of old stock.—V. 138, p. 329.
1944—7 Mos.—1943
1944—Month—1943
49,725,000
$581,692
267,573
"205,772
ry. oper. income—
1,078,484
"Deficit.—V. 160, p. 532.
For
Ltd.—Earnings
•
1943
1944
$362,068
90,752
33,652
from .railway——-
2,794
;
8,696,000
Net
2,206
'
Period End. July 31—
8,742,000
2,206
(Godfrey L.) Cabot, Inc.—50-for-l Split-Up—
323.
Brazilian Traction, Light & Power Co.,
\}
1944—7 Mos.—1943
39,832,000 252,060,000 250,316,000
.31,136,000 202,335,000 196,685,000
;
railway—
railway—_ft
oper. income—,
3,353
:___;
(Edward G.)
.
p.
ft
2,794
2,794
—
1
Co
ft
3,088
'
3,912
78,834
additional
corporation's planes flew a total of 488,233 miles in July, as
compared to 402,744 miles in June and 360,167 miles in July, 1943ft
On July 6, the first of a series of planes returned by the Civil Aeronau¬
tics Board to this corporation was put into service permitting several,
additional daily flights.
To a considerable extent this accounts for the
increase of more than 80,000 plane miles flown in July over the month
of June.
Passenger revenue miles flown in July, 1944, totaled 9,066,495, an increase of 1,552,424 revenue passenger miles over the 7,514,074
flown in June and compared with 6,229,996 revenue passenger miles
160,
—ft 29,739,000
expenses
From January 1—
Gross from railway
.
$31,451;
1943.—V.
38,481,000
from
three
...
July,
Ry.—Earnings1944—Month—1943
revenues
*82,480.
1,052,685
ft
532.
p.
from
blocks of leases
Braniff Airways, Inc.—Mileage Flown Increases—
in
*335,014
Period—
ft The
flown
104,238
*450,421
National
160, p. 620.
-4,471
York,
by the Internal Revenue
all of its taxable income;
accrued taxes (other than Fed¬
income tax), $4,256; payable for capital stock reacquired but not
received,
97,863
*684,563
July—
160, p. 532.
which
dividend payable (16c a share), $114,404; net
assets (equal to $17.82 per share on 715,211 shares of $1 par value
capital stock (excl. of 7,083 shares in treasury) outstanding at July
31, 1944; $12,746,609; total, $12,898,134.—V. 159, p. 2189.
yet
*297,005
*626,307
$
- ; • *
Liabilities—Accrued expenses, $1,415;
Ur
*67,808
1,412,500
*232,044
revenue—._____
Gross
—_
_________
Co._—
British
capital
.
160,
*64,795
1,050,300
Canadian Pacific Lines in Maine
6,617
5,589
___„
Lunt____i_—
Clucas & Co
Bonds
at market quotations, $12,226,363; cash on de¬
$653,847; dividends and interest receivable, $14,618; re-,
stock sold but not ye,t delivered, $3,306; total,
deposit,
ceivable
*22,918
*90,368
Period End. July 31—
number
8,383
Sons—
K.
-V.
14,422'
Assets—Securities,
mand
"Deficit—V.
Canadian
by Selling
Shareholders
11,208
Cunningham Sc Co., Inc.,^
McAlister, Smith & Pate, Inc.___
Statement of Net Assets, July 31, 1944
•
1941
$131,915
*6,295
1,103,000
from
railway—-'
Net from railway——
Net ry. oper. income--
during the year ending Jan. 31, 1945.
„
1942
$158,800
"5,377
ry. oper. income—:.
From January 1—
>
j« shs. to be Pur- Shs. Optioned
.
Noel & Co.—
Edwards &
G.
Courts" &
provision has been made for Federal income tax for the
ended July 31, 1944, since the company has become a:
investment company,
since it intends to
1943
$177,500
*36,577
railway____
railway______
'
79,799
109,910ft
1944
$150,800
from
from
Gross
"
$101,282
114,404
underwriters
Johnston, Lemon & Co
Robinson, Miller & Co., Inc.—
Bingham,. Walter & Hurry—
$115,704
$103,043
ft
Dividends
ft
the
of
names
.Total
20,314
Expenses
Marine
1941
$132,923
$127,327
$153,237
-
Emanufel &
S.
$107,634
13,472
Income
ft
-
1942
1943
*
The
Taussig, Day-«fc Company, Inc.——_?■ ft
Berwyn T. Moore & Co., Inc.____
Ames,-Emerich & Co., Inc
: .ft¬
ft J. C. Bradford & Co
'
V-ft
-'/.ftftr'ft
Ended June 30
Months
Three
is
Company
Hamlin
:
.
Gross
York, New York, N. Y., and the registrar is Central
Trust Co., New York,
N. Y.
Doolittle, Schoellkopf & Co-.—
Hemphill, Noyes & Co.—______
Newburgey .(SsfHano—
First Securities Co. of Chicago_;_____
Schoellkopf, Hutton & Pomeroy, Inc._;
shares
$520,247.
:
and
'
Van Alstyne,
2,563,534
.
cash
stock
common
chased from
outstanding at that time,
ft During the three months ended July 31, 1944, total net assets showed
an
increase and net asset value per share increased $1.33 over the
figure of $16.49 on April 30, 1944.
'
ft; ft.
ftj Investments of the Fund, at the close of the period, consisted of
common stock holdings in
52 companies, preferred stock holdings in',
seven
companies and $1,000,000 of U. S. Treasury 2'/2Sft Uninvested
the 686,012
on
the
Name
Company reports total net assets of $12,746,609 on July 31, 1944.
equal to $17.82 per share on the 715,211 outstanding shares.
This
compares with total net assets of $10,917,565 on July 31 of last year,
$15.91
July—
«
ft
"None
be purchased from the company by each, ■ and the number
optioned to each by the selling shareholders, are as follows;
.
.
amounting to
Outstanding
10,000 shs.
400,000 shs.
'
Inc.—Quarterly Report— ftft!
Boston Fund,
Authorized
.
ft Canadian National Lines in New England—Earnings—
Financing
Present
of shares to
531.
p.
for
agent
Underwriters—The
$7,446,667
747,340
$6,567,299
$1,009,626
2,529,397
362,134-
transfer
Hanover
1,786,777
187,228
to
«
the
Net
Trust
6,360,687
$5,809,438
757,861
Effect
•
•
Net
of shares
Net
>
341,614 shs.
■ft The
$7,388,096 $50,783,878 $49,777,214
37,343,154
34,021;7485,459,629
$7,498,053
expenses
Taxes
1944—7 Mos.—1943
1944—Month—1943
Period End. July 31—
Operating revenues
ft
*
(par $100)
*
(par $1)__—__
"4,010 shares of the 7ft cumulative preferred stock previously out¬
standing have been acquired by the company and are being held in its
treasury.
None of these treasury shares will be sold for less than
their, par vahfe. - Company has no present intention
oft reselling any
of its
preferred; stock. • Since the stock is treasury stock, however,
it may
be issued b-y action of the directors alone and without the
necessity of action by stockholders.
and to issue
promissory notes covering the purchase of eight additional 5,400-horse-:
power Diesel locomotives costing $3,868,968.
The notes will be sold
*-
.*'*,*
4.
cumul.. pfd, stk.
Common stock
merce
f
Capitalization Giving
»
r
1%
common
and
•
An
a
and
convertible
■
.
,
$215,159;
payable,
Note—The foregoing statements exclude Ordnance Steel Foundry Co.
Campbell, Wyant and Cannon Engineering Co.—V. 160, p. 532.
;
Profit
v
y;
I' J
accounts
1,675
$1,598,327
$833,401;
of war bonds, old age benefits taxes and
account
on
and
taxes withheld, $108,965; notes payable, regulation "V"
loan,,
$3,000,OOG; provision for Federal taxes on income and refund resulting
from renegotiation of profits on war contracts
(less Treasury, notes,
tax series C, at cost
(contra) of $4,460,000), $438,314; provision for
old age and unemployment benefits
taxes, $101,119; provision for other
taxes,
$143,194; provision for casting returns, $134,001; unclaimedwages and unadjusted credits, $120,564; capital stock (348,000 shares,
no
par); $4,050,220; earned surplus June 30, 1944, $4,056,618; cost.,
of 3,075 shares of capital stock held in
treasury, Dr$27,560; total,
$13,173,995.
'
;
■
1
1896.
7,231,291
accrued,
income
on
$9,398,852
profits tax on prior years, $400,500; prepaid insurance
deferred charges, $92,497; total, $13,173,995.
payroll deductions
since 1855."
1863, when the
6 Mos. End.
June30,'44
$4,738,597
Cost of goods sold—___
3,520,804
Sell., gen. & adm. exps.
260,594
ft
-
corporation, for the sum of $880,000, or the equivalent
of its capital stock.
Since it is expected that this
a
17,
operated continuously
Jlbt; sales
of the Nashua & Lowell, except its right >■
properties and franchises
,
the
Aug.
on
excess
Liabilities—Payroll
"
«
,
contemplates
has
York
New
of
other
Summary of Earnings ftv;ftftft'ft/ftft
<
22 "authorized the company to purchase the
properties and franchises of the Nashua & Lowell Railroad Corp.
,
,
consolidated, $35,004; land contracts and second mortgages receivable,
$28,840; investments, at cost, less provision for loss, $87,100; total
fixed assets (net), $4,543,578; estimated amount of
post-war refund
,
'
oil' Aug.
ftft The report of the jCommission states:
North
:
Boston & Maine RR.—Acquisition—
The, ICC
in
were continued in Amsterdam, N. Y., until
moved to Buffalo, N. Y.
A new plant was
business
"
%
incorporated
Operations
par
■p" 10. 1944.
.
,
declared
29
tax liability, contra, $4,460,000), $2,090,000; costs incurred for Govern-;
ment owned equipment for which reimbursement is to be
obtained,
$11,667; investments Jn and advances in wholly-owned subsidiaries not
-
a dividend of 15 cents per share
capital vstock,'payable Oct. 10, to holders*
Similar dividends were paid on April 10 and July
Aug.
on
the outstanding
of record Sept. 11.
on
;
par),
no
Asteets-r-Cash
on hand and in banks,
$1,934,765; U. S. Treasury %% '
certificates of indebtedness, $500,000; accounts receivable (less provi¬
sion for doubtful account^ of
$6,000), $1,528,225; inventories, $1,922,-'
120; Treasury notes, tax series Q, at cost (less amount deducted from
.
($100 par), $2,640,300; common.
$15,680,450; capital surplus, $504,726;;
earned surplus, $6,487,991; reserve for inventories, $1,000,000; reserve
for post-war expenses and rehabilitation of properties, $227,032; total,
$29,004,905.—V. 160, p. 619.
/
,
"
'
-
$29,004,905.^ .* ■••'-ft.; ft.-./"ft
V
ftftLiabilities-—Accounts payable and accrued expenses, $1,436,394; re¬
for Federal and State taxes, $874,994; employees' taxes with-,
v,
Consolidated Balance Sheet As At June 30, 1944
screws, and
366,679), $7,784,507; 1941 Federal taxes on income refundable, $650,000;
post-war credit on 1942 excess profits tax, $20,000; other non-current'
investments and receivables, $4,641; insurance unexpired and expenses
deferred,- $339,765; total,
979
redemption.
quarterly on
amount
per share thereafter;
plits divs. to date of
cumulative from Aug. 25, 1944, and payable
Feb. 1, etc.
The dividend payable Nov.rl, 1944, will be in nip
of 41V* cent's per share.
The Marine Midland Trust Co. of New York has been
and
$51
at
Dividends
appointed
$1,229,834
estimated to be $3,272,765,
proceeds,
the
Purpose—Of
deposited with the trustee
10-year 4 A % convertible
sinking fund debentures, due Oct. 1, 1948, and the amount of $224,119
included in
current liabilities of the corporation for retirement of
such debentures, or a total amount of $1,552,000,
will be applied to
the retirement of all outstanding
debentures. Additional funds for
retirement premium and accrued interest will be supplied from other
funds of the corporation.
The net proceeds over and above the funds
necessary to retire the outstanding debentures (approximately $2,000,000) will be available for expenditures on plant or for other corporate
plus sinking fund cash amounting to $98,047
of the indenture covering the corporation's
;-r-":'>• / f. '
/
Capitalization Giving Effect to Present
purposes.
x
*
<,
.
,
,
Authorized Outstand g
»$8,opp^)00 ^
'
<
preferred stock (par $50)
4Vs% series..^
stock (par $10)™
Cumulative
Initial
issue,
4,156,660
has authorized 120,000 shares of cumulative preferred
in series, the first issue of which, consisting of 70,000
tCommon
♦Corporation
issuable
of preferred stock,
stock,
9,000,000
offered,
value of the common stock from $1.
series, Is now being
4'/2%
shares
(Corporation changed the par
.
■
Financing
transferred all of
share to $10 per share, and for that purpose
its capital surplus amounting to $3,527,403, and $213,590 from earned
surplus, a total of $3,740,994, to capital (this amount being the
per
between the
ference
dif¬
and the old par
value of $10 per share
par
new
share, or $9 per share on 415,666 shares of common
stock issued and outstanding).
Of the authorized but unissued shares
$1
of
value
per
reserved for issuance on
stock, 4»/2% series.
<
Bank Loans—As of June 26, 1944, the corporation executed a bank
credit and loan agreement <VT loan), which enables it to borrow up
to $12,000,000 against cancelled and uncancelled war production con¬
tracts,
$7,000,000 of which may be borrowed against uncancelled
war production contracts.
Borrowings may be made, subject to certain
conditions up to (a) 90% of the-amount owing the corporation by
reason
of products delivered under war production
contracts, plus
(b) 90% of the amount of the corporation's reimbursable investment
in its war production contracts, plus (c)
90%, after- approval by an
authorized representative of the United States (or 75%
before such
approval), of the sums paid subcontractors or vendors in settlement
of commitments under cancelled contracts, for which the corporation
Is entitled to be reimbursed under the terms of its cancelled con¬
tracts, all computed without duplication.
Underwriters—The names of the underwriters and the percentages of
purchased stock to be purchased by each of them respectively are as
175,000 shares will be
conversion of the 70,000 shares of preferred
of
stock,
common
follows:
Merrill
Ripley & Co., Inc. 17.14
Hemphill, Noyes & Co
17.14
The First Boston Corp
10:71"
Brothers
10.71
—
10.71
& Beane
5.72
5.72
&, Co.—™_i
Eastman, Dillon & Co
Hornblower & Weeks!
10.71
Kebbon, McCormick & Co.™
Lehman
ner
Dodge
Clark,
Business—Corporation is engaged in the air condition¬
and industrial heating business.
It manufactures
and
sells apparatus and equipment related to each of these fields.
Corporation also designs, fabricates, sells and installs air conditioning
and refrigeration systems.
In addition, the corporation is presently
engaged to a limited extent in the manufacture and sale of certain
War products which are not related to its peace-time business.
For the purpose of
conducting its 'business the corporation is or¬
ganized by divisions as follows: Engineering, financial, international,
manufacturing, marketing, personnel and procurement.
In addition,
there is a'staff group that renders certain interdivisional services.
( The corporation
was incorporated on Oct. 31,
1940, in Delaware,
to acquire the total outstanding stocks or assets and the businesses
Of three corporations which have since been dissolved and their assets
transferred to the corporation.
Those corporations were: (1) Carrier
Engineering Corp., incorporated in 1915, which engaged principally in
the engineering and installation of, and also manufactured and sold,
air conditioning equipment.
(2) York Heating and Ventilating Corp.,
incorporated in 1919, which engaged in the manufacture and sale of
unit heaters and coolers, ahd air conditioning units.
(3) Brunswick Kroeschell Co., incorporated in 1922, which engaged in the manufac¬
and
History
refrigeration,
ing,
and
ture
of
sale
refrigerating
and
equipment
.-.JV-,.'"
systems.'
•
V.
y
;■■
•;
Summary of Consolidated Income Account
"
.
-v-
31, '41
30, '44 Oct. 31, '43 Oct. 31, *42 Oct.
June
contracts &
less
returned
>• .1
10 Mo. End.
Year End.
8 Mos. End.'Year End.
Completed
sales,
sales
of
Cost
.
V
completed
tracts
courts
Selling,
21,235,241
15,558,850
2,677,510
3,678,476
2,613,299
2,100,341
$3,187,729
if
extent,
$2,915,324
$2,317,004
Other
income
189,976
162,503
$1,390,696
151,326
$3,105,300
$2,479,507
$1,542,022
169,585
$3,357,314
8,352
$701,309
$875,325
receivable
accounts
(less
at
Liabilities—Notes
accounts
serve
payable,
for
to
banks
$1,749,005;
income
(less U.
and
depreciation
under
accrued
excess
Government
S.
for
reserves
payable
trade,
Federal
tingencies
(less
cost
Net
railway
profits
securities
"VT"
$1,159,063;
and
taxes
and
$6,500,000;
loan,
liabilities,
tax
for
tax
of
notes
re¬
con¬
$3,508,-
ry.
completed
due
within
contracts
one
debentures,
1,660,768
721,163
income...
oper.
year,
from
Net
ry.
stock
(par
$1),
$415,666;
plus, $3,527,403; earned surplus appropriated for
ment",
$600,000;
unappropriated earned surplus,
$19,174,536.—V. 160, p. 827.
capital
sur¬
$1,930,720;
8,956,865
income™.,
2,991,640
4,076,260
■
Period Ended
Gross
income
Other
operating
■
before
and
;■{,
depreciation-,.
general
profit™—
expenses™
2,111,727
Depreciation
Interest
______
IIIIIII
debentures
debt
for
premium, discount
Federal
taxes
on
and
income
from
ry.
—V.
Net
income
per
Net
from
from
Net
Net
ry.
—V.
61>642
ry.
2,253,184
additional
York
shares
Stock Exchange
of
common
/
1,665,661
from
Net
ry.
—V.
V'
■■■.<;
329,978
<
I
138,692
200,790
£474,287
2,036,041
1,238,394
7,569,294
2,793,783
1,971,379
5,947,587.
-
1,904,577
971,297
Pacific RR.- -Earnings
income—
1—
—
income...
oper.
94,714,940
29,648,099
16,174,476
127,503,934 124,462,297
36,522,412
49,929,964
17,790,066
32,292,184
railway
railway
160,
1941
1942
1943
1944
$18,468,105 $18,926,882 $15,153,948 $13,134,200
4,563,959
4,352,764
7,553,410
4,962,426
3,283,239
2,544,768
4,253,957
2,593,119
railway—
oper.
Net
75,241,333
22.200,478
14,415,625
828.
p.
Chicago Rock Island & * Pacific RyP-Earnings-— '
•
railway-
from
from
ry.
railway
2,658,721
1,090,224
545,538
573,284
from
Gross
railway-
Net
from. railway
Net
ry.
529,274
$59
from
ry.
railway.
&
640,963
p
-
sales
1944—6 Mos.-—1943
$1,482,780
$9,420,460 $9,168,428
59,972
322,297
334,184
45,935*
< 303,983
"281,204
1944—Month—'1943
$1,521,110
52,931
'
49,555
sales
beverage
Total
■
>_
Awarded—
& gen,
1
-1,441,769
61,013
•
for bad debts
exps..™.™
for Fed.
Prov.
$1,588,687 $10,046,740
$1,623,596
i
Cost of sales and oper.
$9,783,815.
8,836,738
365,384
8,588,647
380,409
-
1,435,384,
67,714
Cr202
& State
Cr655
1,377
34,869j
Deprec. & amortiz,
Cr90
1,764
40,235
9,925
212,003
8,584
6,517
$563,080
196,663
$452,189:
$366,417
'
29,552
$45,354
' 37,445
$7,909
deductions
8,798
$631,080
178,891
1,109
"
$86,847
...
249i703
$556,563-
$622,281
$57,295
income
,
.
$44,245
2,076
Other income
Income
j
,
$84,771.
Operating profit
Total
410
.
.
taxes
Net
1—
160,
series
B,
due
made
at
the
1941
$1,606,710
>
20,276,530
7,153,759
2,504,829
2,185,432
Net
ry.
1943
1942
1941
$559,453
$511,730
$508,971
244,716
244,721
211,960
251,422
1,660,818
railway
oper.
160,
78,391
86,454
71,451
101,243
3,628,927
.1,507,898
/
566,191
3,512,521
1,357,461
469,451
2,832,378
>;•
1—
4,131,332
income..
573,464
1,154,196
670,029
Net
ry.
—V.
•v.
■
...
"■■■' ...'
'.
!'/':»
1944
v'--
1943
1942
oper.
1
income..
1—
94,774,046
91,556,989
railway—...
27,433,990
income...
13,718,614
33,660,934
18,768,899
from
ry.
railway
oper.
74,332,769
21,465,687
12,120,243
Seeks Bids
59,932,311
16,342,420
9,717,282
on
Equipment Issue—
asking for bids for the purchase of $5,180,000 equipment
Bids will be received at office of company, 400
West
Chicago, up to 12 o'clock noon C.W.T. Sept. 14,
the successful bidder to name the dividend rate in multiples of
Va
of 1%.—V. 160, p. 828.
r
.:
..
- . ;
Company is
certificates.
Madison St.,
16,390,503
6,882,709
2,692,779
12,734,579
5.428,558
2,961,686
428.
3,530,323
on
3,625,584
*
'
Cincinnati Union Terminal
ICC
597,335
•
9,187,541
21,180,996
10,156,129
Co.—Bonds Authorized—
Aug. 23 authorized the company to
issue not exceeding
G, to be sold at
used to redeem a like
amount of outstanding first mortgage 3V2%
bonds, series D.
..Authority was granted to the Pennsylvania RR., Louisville & Nash¬
ville RR., Norfolk & Western Ry.,: Cleveland, Cincinnati, Chicago &
St. Louis Ry.,' Baltimore & Ohio RR.,
Chesapeake & Ohio Ry. and
Cincinnati, New Orleans & Texas Pacific Ry. to assume obligations
and
liability jointly and severally, as guarantors, in respect of the
bonds authorized to be isued—See also V. 160, p. 621.
and
2%%
mortgage
first
interest,
accrued
and
.
bonds,
the
series
proceeds
Service Power & Light Co.—Sale of Unit Ap¬
The Securities and Exchange
1941
$14,021,615 $14,858,292 $12,473,162 $10,386,355
Gross from railway
3,495,907
4,032,820
6,291,459
4,214,527
Net from railway™..™
2,424,728
1,868,221
3,518,865
2,328,525
Net
From January
p."
$2,046,505
916,549
.
22,475,576
income
oper.
160,
-1942 ;1941
$3,038,061
$2,675,196
1,378,621 " 1,241,915
612,843
340,801
proved—
-
Chicago & North Western Ry.—Earnings-^
July—
1—
railway.—
Ry.—Earnings—
5 1943
$3,370,365
1,325,754
443,443
railway™,
Cities
428.
p.
..
...
1944
income
oper.
from
101.08
$601,628
income...
,
railway——
$24,000,000
railway..™
railway....
1955 at 103% and interest.
Payment will be
Trust Co., trustee, 140 Broadway, New York,
;
railway—
from
Gross
/
railway-;—:™
oper.
1,
From January
<201,760
10,514,260
2,836,583
1,240,333
12,318,073
3,370,949
1,438,026
1 8,500,518
6,277,889
April
Guaranty
160, p. 828.
from
from
435,263
689,488
336,870
Called—
redemption as of Oct. 1, next, for account
$60,000 of first mortgage 6% gold bonds,
-
Net
1944
ry.
be¬
on income is believed unnecessary
for tax purposes.—V. 160, p. 428.
Cincinnati New Orleans & Texas Pac.
Gross
-
$2,092,356
$2,632,483
924,767
261,618
Y.—V.
N.
July—
1942
sinking fund,
second
the
Net
July—
from
1944 was 68 as com¬
Cincinnati Gas & Electric Co.—Bonds
There have been called for
of
Chicago & Illinois Midland Ry.—Earnings—
from
taxes
of deductions allowable
The
from
Federal
for
Provision
cause
532.
p.
operated in June
restaurants
of
number
The
„
income
oper,
V
1943
-219,335
railway
from
ry^
profit
pared with 77 in June 1943.
RR.—Earnings—
1,011,690
__
income™^
railway
from
Net
ry.
1,747,210
income
oper.
Period End. June 30—
five bids Aug.
$3,051,224
railway
oper.
Net
..
214,801
10,816,722
2,193,806
to the date of payment for
From January
•
406,714
14,990,414
12,752,874
4,165,997
2,717,829
2,669,888,
1,219,725
15,540,926
3,354,446
160, p. 533.
Food
share,
a
railway
from
—V.
/ 370,746
income
railway—.
Adm.
1944
from
Gross
$2,027,259
602,958
January' 1—
from
.expenses_™™™_™_
July—
—V.
'
1941
$1,832,180
462,554
$2,259,753
708,831
Childs Co.r—Earnings-
842,108
551,522
'
Ry.—Earnings
217,664
railway
Net
—V.
•
54,686,379
16,528,522
10.495,242
1942
1943
.1,966,503
896,614.,
23,511,701
17,293,189
$2,177,600
437,805
railway
from
From
the' shares.
The
application said the purchase will concentrate more of the
Wheeling stock into a single holding, and will facilitate unification
of the Wheeling & Lake Erie with the C. &
O. or the New York,
Chicago & St. Louis RR.
•
•
'
* '
'
;
Chesapeake & Ohio Ry. is inviting tenders by holders of common
stock or certificates of deposit for such stock of Wheeling & Lake Erie
Ry. to be purchased by C. & O. at prices up to $60 a share. ( Tenders
will be received until Sept. 1.—V. 160, p. 828.
Gross
69,955,802
1944
from
Gross
stock from the Alleghany Corp.
The purchase price
plus transfer costs and interest at 3% a year
common
fce
August 2
Net ry.
17,414,097
__
•
Erie By.
Net
41,972,775
...
income.
oper.
Net ry. oper.
has petitioned the Interstate Commerce Commission
authority to purchase 5,472 additional shares of Wheeling & Lake
Gross
103,245,008
45,566,498
25,996,272
108,038,409
...
Chicago St. Paul Minneapolis & Omaha
company
from
5,633,503
4,673,592
3,020,182
1941
$9,900,352
3.825,001
2,803,040
180, p. 828.*
—V.
Wheeling & Lake Erie Shares Sought—
The
7,206,487
3,878,251
7,127,079
...
From January 1—
31 for a $2,500,000 issue of
equipment trust certificates, three of which came from commercial
banks.
The award was made to the New York Trust Co., which named
a price of 100.101 an& A rate of 1%%.
Other bids were:
The National City Bank of Cleveland, 100.09 for
l%s; the Central Hanover Bank & Trust Co., 99.32 for l5/es; Halsey,
Stuart & Co., Inc., 99.63 for l%s, and Harris, Hall & Co. (Inc.), 99.409
l%s.
$17,176,436 $15,930,871 $12,843,694
—
income
oper.
1942
1943
1944
July—
Net
'
•
received
company
from
has authorized the listing of 22 247
stock
(no par), on official notice of
2,746,260
Building rentals
Chesapeake & Ohio Ry.—Equip. Issue
The
Net
Listing of Additional Common Stock-
1941
$917,197
240,215
.
361,093
279,603
8,029,698
Prov.
trust
The New
v
Miscellaneous
2,762,581
1.027,452
income...
oper.
Gross
$1.59
1942
$895,454
$1,034,282
317,730
183,183
railway.—
from
Gross
1—
160, p. 532.
Net
$3,737,125
'
income.—.
From January
24,206,652
6,680,906
2,479,249
135,198
31,218
railway..
from
148,197
$0.78
Ry.—Earnings—
1943
$1,116,071.
railway
;::V.
Net
$3,953,266
1,298,416
669,108
$327,437
129,948
75,396
railway.™.
from
Net
600,058
_
1,536,649
3,893,489
160, p. 533.
Gross
$293,177
124,700
79,688
$365,762
153,026
From January
Gross
6,528,000
= '
share
1,442,567
railway
July—
1941
income..L
oper.
ry.
300,029
73,647
$1,887,024
—
common
2,036,060
income™.
oper.
Commission approved Aug. 30 the com¬
pany's sale of its interest in the Danbury and Bethel (Conn.) Gas &
Electric Light Co. for $1,450,000 to the Derby Gas & Electric Corp.
Cities Service Power & Light will use the proceeds to. pay notes due to
the Chase National
Bank of the City of New York.
SEC Grants Years Extension—
Exchange Commission
Securities and
The
pany
with
Earnings
13,832,019
4,548,730
11,865.167
6,488,905
1,895,969
Chicago Milwaukee St. Paul &
1942
$403,695
'
railway
from
Net
3,992,607
2,136,189
from
Net
1943
L
railway....
from
Gross
Net
101,914
17,100,759
5,455,304
railway.—
oper.
Net
1944
July—
3,342,000
exps.II
ry.
Gross
-Earnings—
Charleston & Western Carolina Ry.
ry.
$6,625,468 $13,149,568
1,022,769
—
on
of
Provision
—
17,135,525
income
railway
Net
Net
6 Months
265,281
From January 1—.
Manufacturers Trust Co., New York, N. YM has been appointed
agent for the four preferred stock issues of this corporation
is in reorganization.—-V. 160, p. 827.
which
Net
32,844
income
from
Net
Agent—
Central States Electric Corp.—Transfer
The
total,
$6,592,624 $13,047,654
.
Net
transfer
From January
3 Months
227,871
July—
$8,704,351 $17,040,261
income
Total
Amort,
oper.
administrative
Selling,
Net
June 30—
from
283,661
-'
234,388
V?.
1944
from
Gross
Net
from
America—Earnings—
691,850
Chicago Indianapolis & Louisville
160, p. 724.
Net
(Including wholly owned subsidiary companies)
f
$1,862,548
833,045
160, p. 533.
Net
32,133,233
9,820,692
4,420,826
36,981,826
10,802,802
Adjust¬
"Postwar
$2,163,620
July-^-
1941
751,187
35,726,188
oper.
Gross
Celanese Corp. of
—V.
1941;
•
912,989
income
oper.
ry.
Gross
and
capital
Net
I
$5,021,976
1,575,023
687,295
:
railway....;
railway
from
Net
—V.
sales, $500,715; sinking fund payments
$224,119; 10-year 4,/2% convertible sinking fund
$1,229,654;
>
1942
.
$2,428,213
railway
oper.
;
-
625,728
Gross from railway—™
Net from railway
From January 1—
100), ,$730,894; billings in excess of costs on uncompleted contracts,
$607,297;
reserve
for additional costs and possible future expenses
on
PPp.: P: ',■&!:
<v
•1943
1944
$2,409,712
railway
From January 1—/
-
Gross
1942
$5,657,206
1,785,611
$5,297,535
railway,.
from
Net
Chicago & Eastern Illinois
of
from
from
Net ry.
allowed."
be
1943
1944
from
Gross
;;f:.
$1,693,478),
$1,248,784; prepaid expenses and deferred charges, $382,437; patents,
des.gns, development, research and goodwill, $1; total, $19,174,536.
assets,
ultimately
Earnings for July and Year To Date'"
and
for
M
July—
$545,604
$581,997
80, 1944
cash on hand, $3,611,353;
doubtful accounts of $55,124),
banks
reserve
476,400
inventories (net), $7,728,406; miscellaneous assets, $548,055;
$5,555,500;
fixed
in
deposits
161,261
258,300
1,324,395 ; /
•
Consolidated Balance Sheet, June
Assets—Demand
100,457
339,980
1,929,816
-
■->
124,997
319,839
2,151,000
taxi.
profits
16,427
189,000
Excess
<
108,138
137,909
133,637
vP -P■■!v,•
■
■
an
might
they
that
any,
July-
would
Operating profit
9,963,778
18,903,689
'
for
-
'
Net
by consideration is violative of Article 1, Paragraph 20 of the State
Constitution., '
,
'
The Jersey Central trustees held that there
were many valuable
considerations involved in the tax compromise.
One of the conditions
of the proposed compromise the petition said, was that the petitioners
"make
an
unqualified and unconditional promise to. pay the full
amount of the taxes claimed by the State even though they were
still in controversy and were not being collected."
"It was uncertain what
character or amount of securities would
or
could be authorized by the Interstate Commerce Commission and
court for issuance in satisfaction of the State's tax claims to the
11,780,767
and admis.
gen.
expenses
P'
Gross
is said, the question of local or'State law decided by the
that a remission of interest or. railroad taxes unsupported
was
14,564,632
2,628,496
Chicago Great Western Ry.—Earnings—
until Sept. 18. ~
petition filed by the trustees on which a hearing was to have
place Aug, 28 asserted that the New Jersey court opinion hold¬
ing the New Jersey tax compromise legislation illegal rested upon a
finding of fact/ The finding was that there was no "substantial and
valuable consideration" and no "moral or equitable consideration"
received by the State for the "remission, cancellation and abatement"
of the penalties which were concluded to be a part of the "tax debt"
in which the State had a "vested interest."
*
'
'V
-
for
19,005,910
'
Tax Hearing Post¬
The
it
63,368,484
4,505,635
.
,
taken
Thus,
$11,589,076
83,560,294
30,212,289
'1,714,999
'/
Gross lrom railway™.:: 135,209,239 118,933,318
Net from railway—™
53.002,705
53,954,622
Net ry. oper. income—
14,384,367
26,203,651
—V. 160, p. 828.
' V
'
income—
1—
oper.
J"
>,1941
1942
$14,722,042
6,233,055
3,042,871
9,273,525
4,021,182
,6,321,093
railway
From January
over
con-
sales
and
—
W ;,; 1943
1944
railway— $19,249,088 $19,469,358
from
from
Net ry.
for
adjudication concerning the New
Jersey State tax claims has been postponed until Sept. 18 by Federal
Court Judge Guy L. Fake/
■
The road's trustees, Sheldon Pitijey and Walter P. Gardner, contend
that the recent ruling of the New -Jersey Court of Errors and Appeals
does
not
invalidate
the railroacti tax settlement acts of
1941 and
1942 as they concern thp Jgrs'ey' Central.
A representative
of Staffe Attorney General Walter B. Van Riper
appeared in court Aug. 28 to request that the trustees' position be
dismissed as far as it affects the tax problem, on the ground that
the State
cannot be sued.
Hearing on this matter was also put
Court' asking
District1
8.
U.
$24,871,149 $27,829,041 $20,489,153 $15,271,804
™„__
that
poned—:
Hearing on the petition of the Company
filed recently in the
"
:i
declared
Central RR. Co. of New Jersey
5.72
5.72
& C0.„>2.^—
W. E. Hutton
and
ascertained
have
■).
July—.
Gross
the fiscal year
ended June 30, 1944, there are no net earnings or income applicable
to the payment of interest on the first preference, second preference,
and third
preference income bonds of the company, or on any of
them, and have determined that no interest is payable thereon.—
V. 160, p. 532.
. .
'
Gross
Fen-
Pierce,
Lynch,
■
Income Bonds
Central of Georgia Ry.—No Interest on
Directors
>
"
%
Name—
%
Name—
Harriman
.!! !■
shares.—V. 160, p. 827.
clock applied for 1,579,516
-
Net
'
.
of4»/2% cumulative preferred stock.
Listing—Corporation has agreed to make application to list the
preferred stock, 4series, and the common stock on the New
agent for 70,000 shares
transfer
3U.
RR.—Earnings-
Chicago Burlington & Quincy
in connection with the payment of a stock dividend payable
to stockholders of record Sept.. 14. makiner the total com¬
issuance,
mon
Monday, September 4, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
980
on
a year's extension of time from Aug. 17,
provisions of the Holding Company Act.
On
Aug.
17,
1943,
the
Commission
Aug.' 18 granted com¬
1944, in which to comply
ordered company to limit its
comprised of the Toledo (O.)
Alliance (O.) Public Service
operations to a single integrated system
Edison Co., Ohio Public Service Co. and
Co.
by
At
disposing of
the
same
time,
ordered to dispose
20 subsidiaries.
Federal Light & Traction Co., a subsidiary/ was
.
\
,
.
». >./•
of seven subsidiaries.
Volume
Since
Number 4313
160
'
themselves of interest in
negotiation, the Commission
compliance" with its order.
v.
160,
showed
1944,
The
1943.
Claude Neon Lights,
1
The
of
the
from
pany
order
an
extending
'
Exchange Commission Aug. 24 announced the
under the
Investment. Company Act of 1940
and
Securities
issuance
further
Inc.—Extension Granted—
Act,
-Aug.
.Aug.
*
from
Gross
Net
from
Net
ry.
railway
8,379,444
6,274,885
K The
•
;.3,721,233
3,238,216
mortgage bonds,; series
tion
24.
/ ' J'.
railway
a
from railway...*
July—,
,.
Net
Net ry, oper.
from
Net
from
Net
ry.
—V.
income
railway._____
income
oper.
1942
1941
$911,602
$714,215
208,869
338,359
Ul;42i
255,449
7,793,816
'
9,223,812
3,340,484
1,695,797
5,461,922
4,431,041
1,760,028
1,209,590
1,108,892
3,026.525
1,793,302
464,739
bank
railway.-^-
1944 ,
$134,796
railway.
oper. income—
50,170
35,508
-
from
Gross
from
Net ry.
■V 68,641
railway.
Net'ry.
—V.
33,188
22,418
1,034,268
1,050,184
939,551
448,913
457,918
155,672
158,427
250,239
239,030/
oper/ income..*
160,
533.
p.
Securities
the
and
:.>■
Net
decrease
k
-
,
Ended June 30—
sales
Cost
other oper.
sales &
of
.1944 •
1943
$11,491,362 $10,004,656
7,780,800
6,590,412
exps—
admin. & general exps
Selling,
Subs.)—Earnings-r-
;
——
1,489,327
_
called
the
is
-a
n.V:
,
:
,
/
(less
373,359
304,371
shrs.
1
(Excl.
Statements
Income
the
months
six
'
——
^
——•
——
General taxes
before taxes—
Balance
Total
income
a
$2,594,584
—
$2,779,754
$2,406,037
800,000
-839,500
126,724
-64,172
$1,667,870
1,074,812
$1,502,365
1,074,812
Federal income taxes (est.)**.....
Minority interest in earnings
;
Fed.
income
.
profit
fNet
—
Dividends paid
—
-
Earnings, per common
•
share—
...
33,597
&
Consolidated Balance Sheet, June
$1,546,157
1,074,812
$2.88
,fAfter
$1,565,018 in
J
The
Income
,
..
Feb.
on
Net
'
•
The
the
Net-
from
Net
securities
ry.
*
*
v
substantial changes
Spanish and
1
Gross
•
;
.
1941
$112,849
Gross
/$1,280,971;
825,758
739,081
739,861
tive
115,802
88,565
152,211
stock
28,222
19,334
12,896
921,331'
receivable,
accounts
(182,975
'
$1,668,964 '
1
"
'
»
,
i
resulted from sales
If
-
,
'
$2,383,229;/ materials
and
supplies,
stock
(par $1), $1,000,000;
class A non-cumula¬
par), $1,480,000; $6 cumulative preferred
$18,297,300; subsidiary preferred stock,
parent -company, $22,508,500; bonds, subsidiaries,
shares,
($1
par),
no
miscellaneous long term debt, $306,303; accounts payable,
customers' deposits, $938,216; taxes accrued, $3,644,913;
plus since Jan. 1, 1944, $1,832,910; total, $73,549,356.—V. 160, p.
v.
-
«.
are
been
use
refund the remaining $75,000,000 of 3'/is and
of Northern Illinois 3 Vis, also due 1968.
nually to
Under
bonds
of
Bondholders
1944.-V.
,
contemplated for the new series L bonds, but
in a supplemental indenture to pay to the
trustee on or before June 30 of each,year beginning in 1946, for the
benefit of all bonds issued or to be issued under the mortgage, an
amount as and
for a renewal fund equal to the excess,' if any, of
current provisions for depreciation for the preceding calendar year
over property additions for such year, subject to certain other clauses.
/;,:,
.. -
/, : v
.
.'j:; j_?
fund
will
22
may,
William St., New York, N. Y.
at their option, surrender said bonds at any time
160,
829.
p.
^
' '*'•
;••/».:'
Cook Electric Co.—Forms New
Walter
C.
Hasselhorn,
•
' ■/.''■
■
••
.'h- '
•'■' /
Subsidiary—
President, on Aug.
25 announced that Metal-
Fusion Corp.
of America has become a subsidiary of this company. :/
describing the MetalFusion Corp., he said, "The Cook company
In
has
acquired
its
process
could
made
furnaces
were
controlled
critically
a
own
found
be
Bellows
Co.
-
sinking
company
will be made at the City Bank Farmers Trust Co.,
full
,
$80,000,000
-
the
/
make
...
'
1
;
^ •' •>' *
-
I' f-
distributions
,
/
;
'
.
Ttr.
■'
value,
1943.—V. .160,-p. 429.
r
/
1
.
i
..v/•-.
"l-ir./
1941
1942
$3,859,657
$2,970,865
1,125,011
1,366,945
1,328,865
1,113,485
income___
643,364
792,826
655,588
828,885
18,274,787
,
*
railway______
29,987,494
8,117,547
27,500.656
8,462,106
25,866,520
8,909,703
5,954,668
Income—.
5,186,906
5,039,621
5,091,317
4,374,907
railway___.
429.
p.
*i
'•
-
Capital Stock of New York, Lack'Ry.—r
& Western
has authorized the listing of . certifi¬
York Stock Exchange
New
deposit
for ^not to-exceed
,
York, Lackawanna and Western Railway,
of
agreement
an
merger
,
...
J:
,j,l
■''t? '' i' /
>-*?—S
^
' •£
'i'
f.
J!
the agreement pnd. plan prpvlde, subject to necessary ap¬
far the merger of the New ■ York company into the, Delaware
company and, .upon and subject to the effectuation of such merger,
the issuance to: stockholders of the New York .company in. substitution
of said company, of bonds secured
franchises of the New York company which
will acquire as a result of the merger and
the payment to such stockholders of cash as follows:-./
(a) $60 of a new series of 5%
fixed interest bonds to be known
as
the Delaware company's first and refunding mortgage 5%, bonds,
series C (New York, Lackawanna & Western Division) - and to be
issued
by the Delaware company following the pierger under the
provisions of the existing first and refunding' gold bond mortgage,
dated May 1, 1922, of the New York company;
(b) $40 of new income mortgage"bonds' (New York, Lackawanna
and Western Division; to be isued by the Delaware company following
.]the merger under the new income bond mortgage, which will create
a
lien
for
the security of such bonds which will be
subject only
to the
lien of the above mentioned first and refunding gold bond
for
the
of the capital stock
each share
by
and
property
Delaware
the
company
'
covered by that
' w
the date as of which
the
as the case may be,
next preceding the date of the merger, at the rate of 5%
per annum
.on
said $60 principal amount of first
and refunding mortgage 5%
bonds series C,
/ //- " :
■
/ Holders of shares of the capital stock of the New York company
depositing their shares of such stock with .the First National Bank,
New York in assent to, the plan will
receive certificates of deposit
/therefor.
'• ■'•/
• •
■'
/
The consummation of the merger is subject to necessary approvals
by the holders of shares of the stock of the New York company and
the
Delaware
company
and
is also subject to the fulfillment of
certain other conditions./;
/
/
mortgage
upon
the
property
and
mortgage;
franchises
//
now
An amount in cash equal to interest from
bonds will be dated to the May 1 or Nov. 1,
(C)
.
products,
located
in
atmosphere
Chicago,
111.
brazing
plant'' to
Since no
furnaces
the
joining,
MetalFusion
Corp,
capable of every known
requested the Interstate Commerce Commission
the properties of Utica, Chenango and Sus¬
Co.
; '
*'■> In connection with the merger of the leased line the Lackawanna
has filed a companion application with the ICC for authority to issue
certificates of deposit for not more than 37,039 shares of the capital
stock of the Utica line and not to exceed $3,703,900 of Utica, Chenango
& Susquehanna Valley division mortgage bonds.
The bonds would be
exchanged for capital stock in the hands of the public.
There are
40,000 shares of capital stock of the Utica line outstanding, of which
the Lackawanna owns 2,961 shares.
^/t//;r/,;;///;'v////. (/ *
The
for
including critically controlled atmosphere brazing, heat treat-
for
testing and analyzing metals as a part of the
the
company
has
to
authority
merger
Valley
quehanna
///;•//
RR.
.
Earnings for
July and Year To Date
<>
1943
1942
from
railway.^.-
$6,776,035
railway__,..__
2,087,905
Net ry./oper. income..*
2,865.890
Net
from
V" From January 1— "
Gross
from
Net
ry.
—V.
services offered by
•
$5,360,933
1,743,510
1,011,812
railway-..!
46,067,428
47,370,105
40,833,982
34,181,793
12,755,376
16,774,603
13,147,164
10,395,390
income—
7,301,643
i/ir-.r./:
7,652,506
6,144,464
6,297,924
oper.
161,
-
,-
railway——*
from
Net
$7,423,856 /$6,300,589
2,668,741
2,113,810
1,208,346
/
916,318
'
1941
/
1944
July—
Gross
,
department,
method of metal
,
Would Absorb Leased Line—
p.
429. //•!; >
'
corporation."
Electric Corp.—Common Stock Offered
of common stock (no par)
was offered Aug. 30 by Allen & Co. at $20 per share.
Debentures Sold Privately—The compay has sold pri¬
Derby Gas &
Paint &
Cook
Varnish Co.—"V-T" Loan—
—A
mpany^announced on Aug; 28 that it has completed arrange¬
ments with sev^eri'banks for a $1,000,000 VT loan with a commitment
.payment of WJc a year and an interest rate of 2%%,
Banks par¬
ticipating are: First National Bank and Union National Bank of
Kansas City;
New York Trust Co. and Commercial National Bank
& Trust Co. of New York; Detroit National Bank; First National Bank
vof St. Louis, and Mississippi Valley Trust Co.f St. Louis.—V. 160, p. 829.
The
ci
new
United
series due
Cooper-Bessemer
■
ments
The
directors
25 cents per
per
share
on
share
on
Aug. 28 declared the regular quarterly dividends of
on
the $3
the common stock, no par value, and of 75 cents
prior preference stock, no par value, both pay¬
Equitable Life Assurance Society of the
an
issue of $1,450,000 debentures 3%
1954, at 100 and interest.
States
Transfer
Corp.—Dividends Declared—ShipContinue High—
/
:.\/./•:•'/' /:/•""..
issue of 54,054 shares
vately to the
is
,U 7 , //
other
'
<
Briefly
Zing and annealing, atomic hydrogen, shielded arc, seam and spot weld¬
ing, gas flux brazing, salt bath brazing, and induction brazing.
The
MetalFusion Corp, also has a fully equipped metallurgical laboratory
agree
f.;:'
;
provals,
locally with door sizes large enough for 'MagniLastic'
by the Cook 'MagniLastic' Bellows Division, the new
built
to our specifications, and their capacity • is so
great that outside orders can readily be accommodated.
"These furnaces,
in addition to its modern
welding
•
.
No
*.
.
\r 1944, at the office of the trust company and receive
redemption price, with accrued interest to Nov. 1,
Nov,
therefor
an¬
proposed new lien.
?
Affirmative appnf/al of not less than two-thirds of the outstanding
stock is required.
The company has more than 106,000 stockholders,
of whom about 70,500 own not more than 50 shares each.
/
The refunding proposals will not affect $113,900,000 of 3 % %
series
J mortgage bonds of the company due 1979, $26,153,000 of 31/2%< con¬
vertible debentures of the company due 1958, and $228,000 of noncallable 5s of Public Service due 1956.
'<•'•••' •
/
Under'the plan, $25,000,000 of series K 3% mortgage bonds due 1977
would be exchanged for a like amount of series L bonds and would be
identical with
the $155,000,000 bonds exchangeable for the 3 Vis of
Edison
and Public Service, making a
total of $180,000,000 of new
bonds,
■
///,V ■
'•••/.
'
y../...
trustee,
prior to
total
The main effect of the proposed amend.ments would be to provide for the issuance of Edison bonds on the
basis of the pledging of the physical properties of subsidiaries under
the direct lien of the company's mortgage./>;'' •
'!:'v• • •', •, v. •. /!
Properties of Western United Gas and Electric, Illinois Northern
Utilities,, and Chicago District Electric Generating Corp. are the other
subsidiaries whose properties and franchises may be subjected to the
the
't';;-
declared
29
par
no
.
the present mortgage there is no provision for the issuance
on
the basis of properties other than those owned directly
by Commonwealth Edison
for
Payment
successor
Public Service Co.
p:
called
interest.
Bonds—
begun in 1937, it is stated.
approval to the amendments and other necessary authorizations
obtained, the company, will reduce $98,000,000 of 3Vi% bonds to
'
C/u
outstanding first mortgage 3Vi% bonds due 1967
redemption as of Nov. 1, 1944, at 105% and
All of the $8,961,000
of $155,000,"
of its present cash resources and will offer a
$155,000,000 new bonds bearing Interest at not more than 3%
of
'
•
,
program
725.
j
Co;—Bonds Called—
Consumers Power
company
$75,000,000 bv
pi 623. V*v\
■
.
1943
$4,195,462
oper.
160,
1944.
of
accrued, $579,515; other current and accrued liabilities, $150,481; deferred credits, $443,523; uncollectible accounts, $180,696; other,
$10.9,313; contributions in aid of construction, $163,922; earned sur¬
the
a
No
1943.
20,
160,
•
.
bonds,
$1,378,563;
has called a special meeting of stockholders on Oct. 5
principal purpose of approving amendments to the present
mortgage in order to permit a further simplification of the capital
structure of the company and
its affiliates.
It will be a final step
in
Dec.
.•
,
prepayments, $181,278;
unamortized debt discount and
other deferred debits, $126,680; total, $73,549,356.
participating stock
have
The
and
dividend of 25 centg per share
a
payable Sept. 30 to holders of record
paid on March 31 and June 30, last,
Delaware, Lackawanna & Western RR.-^-Listing of Cer¬
to
$17,935,200;
this
for
.
98,320 shares of capital stock of
upon issuance pursuant
dated as of Nov,;.10, 1043 between the
Delaware Company and New
York, Lackawanna.. & Western Ry.- as
amended by supplemental agreements dated respectively Feb. 3, 1944
and May 25, 1944 and a pian of adjustment for the merger of the
New York company into the Delaware, company dated as of July 26,
/ "
$2,600,000;
77,263
•:
weekly kilowatt hour, output of electrip energy of subsidiaries
corporation adjusted to show general business conditions of
served
for the week ended Aug. 24, 1944, amounted* to
252,469,236 as compared with 245,323,592 lor the corresponding week
in 1943, an increase of 7,145,644, or 2.91%.'—V. 160, p. 829.
V-
;:
;
caused
railway______
from
ry.
—V.
*
1,202,597
V
which have
territory
000 Refunding
f,/c
•
1944
$4,294,891
from
The
$22,751;
expense,
160, p. 428.
--
Aug.
on
railway
oper,
Net
New
'Consolidated Balance £heet, June 30,' 1944
$2,346,254;
27,208
*9,841
35,151
18,066
Jf,
16
'
.
,
from
ry.
•
4s«jBts'—Net "utility plant, etc.] .$60,463,822;; .special, funds and de¬
posits, $1,769,220; cash, $4,975,149;. U. 8*.Treasury bonds and notes,
1942
,
v'
From Jan. 1
.
$4,092,892
The
pupose).
$131,080
V
for
and
1944
the vacancy
fill
to
Co., Moline, III.-—$1 Dividend—
stock,
from
awanna
statement also gives effect to the reduction
in interest resulting from the acquisition by the parent company of a
$2,500,000 demand note of a subsidiary, ° The Federal income and
excess
profits tax provision is based on rates contained in the 1943
Revenue Act and on the filing of consolidated returns for the company
and its domestic affiliates.
*
)
Commonwealth & Southern Corp.—Weekly Output—
•
director
a
in
v
\
tificates of Deposit for
$4,007,969
8.^,923*
•
Commonwealth Edison Co.—Plans Issue
$1,
was
iv"
and Oct. ,18,
Net
V
reduction
such
'for
The
>
'
taxes
a dividend of $1 per share on
payable Oct. 16 to holders of <rccord
A similar distribution was made Sept. 1, this year, and on
Net
;
interest
of
profits
Delaware & Hudson RR.—Earnings-
;/
-
and
Liabilities—Common
income
oper.
elected
this issue.—V.
on
directors
Sept.
(the amount of outstanding bonds at June 30, 1944, less
to result from the application of funds now available
outstanding
•the
8,513
railway
* Deficit.—V.
.
'
»
the
912,538
154,256
61,394
railway——
Aiig.
15,
common
Sept. 30.
properties of subsidiaries the pro forma statement
has beep prepared to reflect the earnings of the system as constituted
at June 30, 1944 and annual interest on holding company bonds to be
.the
January 1—
from
* $1,981,816
-
'
♦
to
"Due
.
*5,436
income
oper.
ry.
From
Gross
:r
$1.02
profits taxes.
excess
$613,141
to
.
194l'i
$383,591
376,657
.
$0.98
(.
"excess
and
amounted
30,
Aug. 25 declared
on
made
Deere &
1,638,678
1,783,461
—_
Net' income
•
■
1943
$1.10 ,/
v,
income
1971.
p.
stock, par
like amount
•*; *•'
$5,646,647 /;
Consol. Elec.
of
-'
$97,227
1944
/
$379,783
388,325
'
25-Cent Dividend—
A
have been
$9,096,893
$8,274,320
3,450,246 r •
*
' »,
1,542,377
subsidiaries
Co.———
Gas
$142,995
21,698
.
railway
railway-
June
capital
15.
July—
2,056,464
$5,307,654
deductions
and
"
from
accruals
res.
deductions of
Income
30, 1944
Columbus & Greenville Ry.- -Earnings-
from
$1.30
estimated
has been
directors
the
cates, of
$6,503,475; U. S. Government obligations, at cost,
marketable securities, at cost (quoted market value $867,-
July—
amort,
income
Gross
$29,126 reserve), $1,923,978;
cost, $3,776,891; notes;, ac¬
counts '.receivable, etc. (less $37,176 reserve), $151,724; post-war excess
iprofits tax credit, $61,289; fixed assets, at cost (less reserves for
.depreciation, depletion and amortization of $31,124,760), $18,566,739;
patents, goodwill, etc., $1; deferred charges, $414,567; total, $36,360,531.
Liabilities—Accounts payable and accrued accounts, $1,249,002; Fed¬
eral
income
taxes,
1943, $565,771; reserve for Federal' taxes,
1944
(est.), $800,000; reserve for taxes and other contingencies, $832,977;
^minority interest in subsidiary companies, $1,254,987; capital stock
(537,406 shares, no par), $21,849,354; capital surplus/$16,242; earned
surpius,
$9,792,198; total, $36,360,531.—V. 160, p. 116.
Net
$428,348
388,325
*
1942
:
1943
,
'
.
Sept.
_
$830,052; accounts receivable (less
inventories,
$2,431,815;
investments, at
Gross
$7,266,203
operating- income—$5,209,739
Other -income, net1—
97,915
633),
I
^
IncomeAvZ.^
Utility
Assets—Cash,
$1,700,000;
for
ended
Stewart
To Pay
'
——*Pro Forma
4,175,288
taxes
V
388,325
(& Subs.)-r-Earnings
$11,441,491
—
profits
excess
operating
Utility
.
.$2.80
Act.
$3.10
,
•Computed at rates prescribed by the 1942 Revenue
deducting depreciation,' depletion and amortization of
,1944 and $1,695,905 in 1943 and $1,508,707 in 1942.
.
/'
1,200,000
>
Retirement'&
y
/
the death of John J. Shinners, Chicago, on June 26/ Mr. Stewart
President of the Donrier Estates, Inc., Philadelphia, Pa.
/ ;
/
xs
1944
' 1944
' .
1943
$38,062,913 j$31,964,184 $28,889,768
22,184,830
19,596,834 17,534,031
1,926,447
1,535,507
1,255,432
2,510,144
2,034,951
1,825,985/
•*
Operating
Drl7,876
623.
p.
Deep Rock Oil Corp.—New Director—
John
by
K
Operations of
of
194-i
.
$554,049 in 1943.—V. 159,
160, p. 829.;
of;20.2%.+-;V.,160, p. 829.'?
iyjl '•
'>>C ' y',f*!?" '.Z i,
i ]{ r*
/
J
Maintenance
160,
(& Subs.)—Earnings—
outstdg.—
Note—Provision
.
12 Months Ended June 30—
revenues -1
;
$2,797,631
;
.
After all charges, including Federal income and
/
power company in Connecticut.
Presently
refunding mortgage bonds are legal for savings
New England states, and also in New York,
all
Actual
1,538,227
1,312,578
Corp.—V.
& Electric
Records, Inc.
Earnings per shr.—__T-}
"F"
Philippine subsidiaries) '
$2,101,666
charges).
■
refunding
and
''I'
Consolidated
$9,752,668
5,416,810
$2,221,235
L—__
other
profit
income
from the Crocker
J
profit———,——$504,620
Com.
largest
in
'1942
:
Derby Gas
Net
Other
Title passed
15.
dune
116, p. 2998.
6 Mos. Ended June 30—•
•Net
for
Operation
Operating
first
$7,000,000
refund
to
used
be
'
Commission
Exchange
company
,
Columbian Carbon Co* (&
6 Months
>
of $5,000,000,
Decca
1, 1974, according to a registra¬
due Sept.
I,
Consolidated Electric & Gas Co.
!
of associates, under the terms of
group
a
syndicate some time in July for a total con¬
according to Dan E. London, General Manager
Eastern
Danbury & Bethel Gas & Electric Light Co.—Control-
on Aug^ 30 announced that System output of elec¬
(electricity generated and purchased) for the week ended Aug.
27, 1944, amounting to 166,500,000 kwh., compared with 205,100,000
kwh. for the corresponding week of 1943, a decrease' of 18.8%.
Local
distribution
of
electricity amounted to 154,400,000 kwh.,' compared
with
193,500,000 kwh. for the corresponding week of last year, a
The
^ 405,951
992,825
352,840
railway
from
Net. from
the
to
tricity
From Jan. 1—
Gross
Co.
the St. Francis.—V.
and
$134,418
80,635
-
21,939
'
of
of
Consolidated Edison Co. of New York, Inc.—Output—
$164,572
$138,636
San Francisco, has been acquired by Benjamin
and
sale executed on
ui
sideration
on
1941
1942
1943
49,970
Hotel
see
Jersey, Minnesota, California and Washington.-r-V.
New
Net
will
investment
Ry,—Earnings
,
cwiiixacc
1 -
,'
with
outstanding first and
Colorado & Wyoming
■
a
,:,,///
,
.4;'V
1966,
Company
/;
160, p. 533.
" July—
;
Crocker Hotel Co.-—Sale of St. Francis Hotel—
Swig of Boston (Mass.)
,,
''
•
railway...-
;/■///U
r
redemption on Sept. 1, 1944, and to replace
company funds used in the purchase for cancellation of over $3,300,000
first and refunding "A" 7s,
1951*,
<t ■.
1
'v. Upon completion of
the proposed financing and redemption on
Nov. 1, 1944 of any remainiifg 7%
bonds, total funded debt , of the
/company will amount to $41,152,500, including $41,116,000 first and
refunding mortgage bonds.
The remainder of the capitalization is
made up of $16,804,400 preferred stock and 1,148,126 shares of com¬
mon stock stated on the books of the
company at $46,217,240./ :
3V2S,
269,571
135,325'
.
January" 1—.
From
Gross
•
1943 ....
$1,192,601
460,633
3944 :
$1,345,296
387,07 7
L.
filed
statement
Aug.
Southern Ry.—Earnings-
Gross; from
paid
were
has
company
Proceeds
V
were
indicated
The St. Francis Hotel,
—0.4
' ••/•■+ 6.5
,+ 2.6
+ 4.6
•
made arrangements with a banking syndicate
headed by Putnam & Co. of Hartford and Chas. W. Scranton & Co.
-of New
Haven
for the sale of $10,000,000
first and refunding 3.%
■
—V. 160, p. 533.
Colorado &
vV
•/..
>
$10,000,000 Bonds—
491,504
3,981,491
4,064.082
829.
/
190,280,000,'.
5—,.—-—-I—;.
160, p.
186,631,000
177,999,000
185,414,000
181,953,000
Connecticut Light & Power Co.—Arranges for Sale
"
.
550,229
v
.
503,194
7,033,539
7,587,861
4,448,442
income
oper.
ry.
„
3,296,647
railway
railway.
from
Net
Net
535,015
435,617
$913,420
/'f;
January 1—•
from
Gross
561,064
amounts
'-•1941
1942
$1,015,230
C 590,347
$1,041,483
465,593
—
income—;
oper.
From
•
1944
railway-—$1,121,584
189,525,000
190,148,000
12—L
V.
1943 •»'
'
"
.
//
v;
% Change
1943
1944
r 185,876,000
19
RR.—Earnings-
Clinchfield
Like
May
passed,
,
.
.Aug.
July—
12.
In 1943, the following payments
1, 50 cents; and Dec. 28, $1.
last.
stock:
B.
reports
was
26—-a—-———
Aug.
declaring it to be exempt from
provisions of the Act.—V. 157, p. 2212. o - - ;:
the
30,
June
and
Williams, Chairman of, the board, stated that "although
that the peak of the'company's war production had
shipments continue at abnormally high levels with increasing
trend toward deliveries to commercial customers.—V. 159, p. 1757.
decrease
Week Ended—
•
company's application-for an order
•the
B.
holders of record Sept.
to
29
1
the common
on
.
Oct. 28, 1944, the temporary exemption of com¬
pending final decision by the Commission upon
to
to other
a
drop
Sept.
April
on
made
electric utilities for the week ended Aug. 26,
of 0.4% frem the corresponding period of
occasioned principally by. sharply contrasting
'weather conditions/ : .•*,/. V'
Following are the kilowatthour totals of the past four weeks and
percentage comparisons with 1943:
//
/
v
:
excluding sales
v ;/.//■■
621.
p.
■ '
>■
' Electricity output.of the Commonwealth Edison group of companies,
,
981
able
&v
/Weekly: Output Off 0.4%.—
and Federal have divested
company
eight companies and 11 others are under
found
"substantial progress in effective"
'
THE COMMERCIAL & FINANCIAL CHRONICLE
-
trar:
:
Agent: Manufacturers
Midland Trust Co..
Marine
Trust Co., New York, N. Y.
New York. N./Y.'
.
Regis¬
proceeds to be received bv the corporation from the
sale of the common stock (approximately $974,258) together with pro¬
ceeds
oi
the
debentures plus other cash funds of the corporation
.
Purpose—Net
required
for
the
purpose,
will be
applied as follows:
(a) approxi-
.
(par $25) com¬
'
The
outstanding), 175 shares (par $29)
of 7% cumulative preferred stock (out of 16,000 shares outstanding!,
and
two
6%
demand promissory notes aggregating $379,000;
and
<b) $1,000,000 to the purchase from Danbury of an additional 40.000
shares of common stock.
The securities listed in (a) above are now
owned by Cities Service Power & Light Co., which has entered into an
agreement with the corporation for the sale of said securities at the
toase
price of $1,450,000.
of $1,000,000 to be received by
purchase
the
Of
sum
for
Danbury for the issuance
its 7% cumulative
1944, 16,000 3hares of
about Oct. 2,
being all of said shares outstanding, at 110%
($27.50 per share) plus accrued dividends
preferred stock,
of the par value thereof
thereon to the date of
CR®jV
1945, to- next
mortgage gold
at redemption
price of 101, plus Interest.
Danbury will become a wholly owned sub¬
sidiary of the corporation upon the acquisition, a® aforesaid,^of the
64,000 shares of common stock of Danbury, all of which, except direc¬
tors' qualifying shares, will be pledged by the corporation under Its
indenture securing the debentures.
Upon the acquisition of tne twp
6% demand promissory notes aggregating $379,000, corporation will
surrender the same to Danbury for cancellation and Danbury will
have outstanding $150,000 of non-callable first refunding
mortgage
gold bonds, 5%, due Dec. 1, 1953, as its sole funded indebtedness.
Corporation—Derby Gas & Electric Corp. was formed in Delaware
July 28, 1926.
Corporation is g registered holding company and owns
the outstanding shares of stock of The Derby Gas and Electric Co.,
Wallingford Gas Light Co., which are the present operating com¬
panies, and Derby Gas and Electric Corp. of Conn, (inactive) all of
which corporations were organized in Connecticut.
All of the out¬
standing shares of stock of Derby and Wallingford except directors
qualifying shares are pledged under the corporation's indenture dated
the sum of $600,000, together with
"of Danbury, will be used by it to redeem, on Feb. 1,
redemption date, all of its outstanding 25-year 6 k
bonds, series A, due Aug. 1, 1948, aggregating $600,000
redemption, and
1943
5%
amount
par
no
'
Y
-
■
f
Maintenance
Federal
Prop,
Y res.
Y>
Increased— y
From
Gross
stock
There
the
from
ry. oper.
1937
1,325,046
366,931
1,539,960
.
507,948
623,680
1939.
1940—»
7
1,750,779
1941
2.055,414', Y
...
783,866
'Before
Federal
and
deductions.
ether
income
See
and
and
excess
also V.
Total
870
Net
,
Net
ry.
Net
ry.
—V.
160,
840
91
11,485
556,486
582,170
427.240
60,685
85,851
511,371
119,326
income...
17,262
14,552
places
$10,000,000 of
this
once,
company
Y
Y
14,140
-
from
railway....
$100,
Net
from
ry.
V.
1941
$741,261
$636,502
'
6%
562,024
580,717
*
...
263,989
^
preferred stock
$5.89
—V.
declared
24
on
cents
75
a
6%
the
r
per
$1,206,420
expenses
759,375
oper.'
Gross
$163,938
$164,112-
revenue-
.1
income
8,480,589
unearned.
or
respective periods
yy\
.
.
(Company Only)
Statement of Income
1944—12 Mos.—1943.
1944—3 Mos.—1943
.
7,228
$3,083,055
$3,595,146
etc. deductions——
373,896
1,906
5,000
100,024
380,260
15,314
37,920
—_i-
3,578
5,211
145,416
1,495,990
$14,369
$217,830
$853,146
13,500
41,500
81,50b
$204,330
$811,646
$1,531,460
-
'
——
taxes
expenses
for Fed.
■
inc..
funded
$168,029
$1,120,365
70,477
471,163
etc.
V.v:
••'•••;:■>•.
Y
.
$14,369
1944
Net income
—V.
160,
Y
—
Y $458,714
-$69,565
$76,524
5%
2,988,621
Operating
revenues
1,854,631
Operation
.*
payable, $27,618;
is in special cash
other current liabilities,
$8,913,171; total, $193,*
cash
$86,137;
surplus,
*
,
i.
,
> /
President of the above corporation,'
President of the United Gas Corp., '
the late Joe H. Gill, former President of
both companies, who died several months ago.
P. O. Canaday has been elected Treasurer of Electric Power & Light Y
Corp. and R. H. Hargrove made Vice-President, of United Gas Corp.
^ >
A. B. Paterson of New Orleans, President of the New Orleans Public
Service,
.
W.
v
Subs.)—Earnings—
elected
been
C. McGowan has been made
They succeed
subsidiary.
a
has
Dixon
H.
.and N-
652,834
$524,393
which
for
$1,626
President, Etc.—
T.
elected a director of both companies while
Miss., and C. J. Savoie of Bell Rose, La\,
been
has
Inc.,
of Greenville,
Wynn
directors of United Gas Corp.
elected
been
Y
<
Y
/
/
;
"
Dixon had been Executive Vice- v
Mr. McGowan, whose head¬
quarters are in Shreveport, La., has been President of the principal
subsidiaries of United Ga3 Corp. for many years.—V. 160, p. 117,
YV'
Prior
his
to
appointment
new
Mr.
Electric Power & Light Corp.
President of
2,097,468
1,127,913
(incl.
accounts
$29,178,000;
2030,
due
series,
$245,706; accrued taxes,
reserve, $156,044;
earned
New
534.
p.
$143,•«
etc.,
advances—subsidiaries,
663.797.
.28,370
a:
$1,612,960
cash
temporary
$12,980;
$1,378,336
.
and
securities
interest
have
•
680,685
taxes on
accrued
debt,
on
'i
1,114
19,409
420,766
1,540,89,7
■
—
income
tures,
/
YY' 25,600
$168,061
66,801
corporate
4,091
$3,075,827
$704,912
$540,765
deposits),
$1,349,966
$1,094,765
3,949
1,519,970
Period End. July
$289,009
$306,730
112,024
134,713
income...
49,609
45,381
railway....
railway..
2,586,296
2,539,585
2,433,743
35,792
510,939
1,846,864
revenues.._
$160,003
$173,083
$2,377,629
Non-oper. income, net—
1,387,071
1,260.807
1.411,648
412,441
510,179
427,314
579,423
1941 V
$332,283
218.841
42,081
25,236
26,962
303,371
Y" $185,239
$200,034
$2,681,001
63,260
759,100
...
$121,979
$136,774
$1,921,901
$2,116,410
amortization
38,208
41,632
485,732
487,808
2,860
2.915
Y 22,090
ating
759,310
16,468
inc.
oper.
taxes)
National
week
(&
A.
6 Mos. End. June 30—
net
for Fed.
& exc.
post-war
Shoe
$1,092,535
prof. tax.
Gross
Interest
Miscell.
Pfd.
accruals
ret,,
income
&
_
deductions
,
1943
adjustment...
$80,912
dividend
deductions;
1942
766 040
common
share
G.
&
E.
77,652
Co.—-
Applicable
minority
to
19,925
$1,534,482
22,509
$1,511,972
$1,338,427
—_
The
,
$403,333
$428,075
si 02
$0.90
S0.96
E,
to
U.
'
interest
A
of
Utilities
Eastern
above
&
&
Power
-
;
•
•
Non-subsidiary
income
J.
$1,316,502
232,368
.
$1,511,972
213,004
offering was made Aug. 24 in the Canadian market of a new
issue of $650,000 5%
cumulative redeemable sinking fund preference
6i.ock at par by Gairdner & Co.
Proceeds from the sale will be u«ed
as
Expenses,
1...
and
taxes
$1,548,870
140,361
—
interest
$1,724,977
146,489
compared
with
Light
figures
—V.
160,
p.
for
dividends
623.
and
surplus
'
$1,408,510
$1,578,487
Co.—
not
do
1944
195,303
107,195
101,560
-•
..
.
include
the
the
,
corresponding^
•—Increase—»■;*
Amount
PctU*:
Yy
6 Mos. Ended June 30—
income
before
Inc.
&
prof,
exc.
&
conting.
profit
Earnings per common share
870
in
1944;
net
income
$117,287
of
profit
*After
(On
per
all
system .inputs
160, p. 830.
of
0.3
3.7;>
1.5 m'
com*
any
Y
•.
v
y
Y.'.t ?\?i-
y
"7
Subs.)—Earnings—
1943
1944
1942
.
Canadian
$4,485,245
$2,962,411
3,080,700
3,473,000
2,029,818
$1,004,747 *$1,012,245
SI.10
$1.11
*$932,593
$1.03
subsidiaries
1943 and $101,412 in
in
amounting
—
share
charges
and
com.
1,237,500 shares,—V.
1944—3 Mos.—1943
$161,122
$217,904
SO.13
$0.18
after provision for
159, p. 2079.
$112,*
to
1942.—V. 159, p.
(& Subs.)—Earnings—
pened End. June 30—
♦Net
548
3,841
1,533
$4,085,447
taxes
taxes
1943
194,755
103.354
100,027
'y
'v.
Electric Storage Battery Co. (&
(Earns,
Available
Y'
Light Corp.—
&
Electrolux Corp.
Public
*,
*
follows:
Light Co.—
•
'Includes
Associates
Earnings of subsidiary companies above
Total
Dominion Malting Co., Ltd.—New Pref. Stock Offered
Co.,
as
panies not appearing in both periods.—V.
Net
Applicable
.
Power
National
77,652
$1,316,502
^
ico'ooo
<
$450,849
623.
V.
$1,612,134
$1,294 115
979.999
Balance
Earnings
profit
B.
$1,414,079
$92,226
Power
Net
$1,483,332
Light
were
Operating Subsidiaries of—
American
.
--
100 030
641,686
&
1943
Y>Y:- YY>
Balance
Retirement
Electric
Stores)
1944
profit.
inc.
Beck
Power
during
•
.
24, 1944, the System inputs of client oper-
Thousands of Kilowatt-Hours-—L.
' 'Y
Subs.)—Earnings—
S.
&
Power
Aug.
Ebasco Services Inc., which are subsidiaries of,:
Light Co., Electric Power & Light Corp. and Y
of
companies
American
t
Shoe Corp.
Services Inc.—Input—
the week ended
For
w
$2,875,720
63,260
Y
Y, 77,865
/
Ebasco
•
$2,390,971
484,749
(incl.
$371,125
170,163
Y
6,590,625
453,302
1,615,045
156,648
2,498,331
1,303,756
income—
1942
6,647,454
519,748
548,458
43,840
Net
1943
>.
$885,260 $11,382,887 $11,049,942
$890,920
__
138,619
RR.—Earnings-
1944
1944—12 Mos.—1943
1944—Month—1943
31—
Maintenance
429.
(Including the
'
5,890,322
franchise of Dallas Power &
provisions of the
168
YE.
Net
Other
2,721,364
p.
2,863,736
2,374,328
^
with
(Full dividend requirements applicable to
capital stock (973 shares of $7 preferred stock and 902 shares of com¬
stock), $103,109; total, $193,663,797.
*
Liabilities—Capital stock (no par vaiue), $155,044,139; gold deben-^
1,842,267 Y 2,103,018
284,209
Eastern Utilities Associates (&
railway....
railway.._
160,
surplus:
,
mon
$8,087,615
4,634,631
$8,138,302
5,201,270
643,172
'
.
1944—7 Mos.—1943
*
$1,091,319
282,933
1,248,623
Diamond
—V.
}
' fcYSOp
$705,080
$7,915;
Ry—-Earnings-
Street
1944—Month—1943
revenues
2,222,161
Earnings per
8,562,089[.
41,500
$15,181,556; special cash deposits,
investments—U. S. Government obligations,
$939,000; dividends receivable—associate companies, $281,488;
other
current assets, $4,932; investment in subsidiary (not consolidated)
re¬
quired to be reorganized by order of SEC, $30,218,881; unamortized'/
debt discount and expense, $3,148,660; prepayments, $4,394; reacquired
stock,
,
Balance
Net
5,931,822
773,862; cash in banks—on demand,
share
preferred
dividend
cumulative
15,
oper.
income...
for
2,877,236
*
oper.
Reserve
420,766.
1,540,897
taxes on
Asets—Investment
160, p. 534.
Prov.
680,685
1,495,990
1,705
Net
247,422
Consoildated
100,024
380,260
Balance
$5.11
oper.
5,434,454
Y
from
145,416
373,896
2,374,328
income
;
'
ry.
Y?
1.114
19,409
.
—$542,470
taxes—other than
f
Other
>
$1,913,637
..
146,057
from
Net
15,314
37,920
13,500
income
1,108,729
1,108,729
$2,202,159
Massachusetts
4,889,474
oper.
Net
1,906
5,060
5,211
accordance
; Other
stock YY;;
preferred
Railway
Taxes
392,269
From January 1—
Gross
3,578
than.
$3,022,366
dividends.-..
on
Sept.
196,587
from
ry.
10,544,275
$3,594,367
779.
Fed.
preference
record
5,665,777
p.
from
2,401,048
prior pref. stock.
$736,831
307,243
Detroit & Toledo Shore Line
Net
prior
125,184
July—
Gross
2,282,926
"Railway
Taxes
Net
5,571,27.7
usual
the
and
5,338,616
oper.
160,
4,903,842
5,188,941
$3,310,888
accumulations
railway....
railway......
from
Net
8,161,731
Total
4,646,087
._Lr—-
period End. July 31—
From Jan. 1—
Gross
.779
3,364,486
Other
zi
*
.
7.:
196,071
railway
oper. income.
Net ry.
to
Aug.
on
of
of
rents,
$664,542
from
10,543,496
7,228
1943
profits taxes..
excess
4J/2%
on
taxes
trustees
Eastern
y
get court
Chairman of
Detroit, Toledo & Ironton RR.—Earnings1944
1943
1942
*
v
Gross
8,154,503
—consolidated
$15,990,866 $16,479,250
—
dividends
share of 6%
4»/2%
Int.
Net
3,364,318
168
Comparative
quarterly dividend of $1.12,/2 ;per share on
stock, par $100, both payable Oct. 1 to
out of surplus.51
VDistributions of 75 cents per share have been made each quarter on
the 6% preferred stock since and including April 1, 1941.Y Arrearages
as at July
1, last, amounted 'to $30.75 per share.—V. 160, p. 624.
64,931
69,566
must
July—
and
available
per
holders
taxes is being claimed in three
war
10,543,490
income
on
whether earned
—
for
state
account
par
the
•
direction as to where
to
pay
it, Prentiss M. Brown,
the Board, stated on
Aug. 30 in connection with an appeal filed by the company from the
Michigan Public Service Commission's order to reduce the company's
•revenue by customer
refunds.
Y./.Y
"Under present income tax laws," he said, "this $10,000,000 is due
the Federal Government.
Two attempts have been made by the City
of Detroit to divert the so-called
'excess profits tax' of
the Detroit
-Edison—one by a rate reduction and the other by an excise tax. These
two attempts have now collided with each other."—V. 160, p. 829. ' 7
at
The
on
534.
same
other
—*
Balance
Accrued Dividend—.
13,044
the
Y
8,154,503
Light Corp.—
2,900,724
^
1,705
&
—
for Fed.
Prov.
1—
Detroit Edison Co.—Seeks Tax Payment Order—
Because
624,388
Associates—Earnings—
1944
*
income
Dividend requires,
22,203
p.
456,297
July 31—
income
available
Net
$82,023
16,975
oper.
.*
,
2,902,429
Light Co.
1,784,760
407,855
274,448
2,295,416
512,332
v
*
3,364,318
Balance. Sheet, March 31,
railway
railway—,..
from
Net
362,587
2,900,724
(as above)—
taxes
♦In
2,350,104
679,049
Debt discount and expense.
1941
1942
$76,175
income...
363,681
"
-
——
Power
70,466
,
Balance
8,558
from
Gross
.
for
Interest
.
$84,361
oper
18,796,385
7,890,302
532,054
470,080
interests
income
•Int.
5,723
From January
93,406
99,826
Depreciation and depletion.,
310,553 Y
375.082
346,345
93,721
$81,371
railway
railway.
from
126,540.
14,479,248
5,961,064
6,868,243
1,971,871
'••"Y.,Y:- 'Y:
$324,729
75,944
210,632
.
1,448,158
Period End. June 30—
consolidated
.Provision
181,093,.
208.543
profits taxes.
tAfter
'(After interest
1943
1944
from
$403,094
389,747
Income-
12 Months Ended
Earned
Gross
$349,212
101,642
:
.
160, p. 534.
Mackinac Ry.—Earnings—
Detroit &
18,796,383
Balance
1941
-
2,473,213
549,923
railway
before
July-
14,268,616
62,172
taxes
Prov.
1942
Eastern Gas and Fuel
tNet Income
$132,500
121,730
profits taxes.
160, p. 623.
excess
5,868,243
fran¬
Expenses
Int. & other deductions
Y
railway—.
from
ry. oper.
4,756,790
Y
YY
Gross income from subs.
460,306
429,943
121,602
181.192
deducting Federal income
deducting
"
706,560
663,343
(4 months)./
January i—-
Net
14,341,099
income
Fed.
•
-Earnings-
48,481
_
incoltne
Net
33,137,484
12,361.362
1
equity
Other
23
23,517
railway
from
Gross
—V.
530,296
733,930
2,226,986 '
2,314,895
.1942
1944
t
$419,585
392,382
316,978
>
428,545
458,329
*
$484,309
446,502
1,476,477:
....
,1938-.
-
From
Years
fund agent,
1943"
Y
$339,827
railway
Net
26,629,978
4,818,962
'Federal
—Gross Income—
$1,426,245
1936.——.,—
'
Calendar
for
Earnings
Gross Oper. Rev.
Year
from
Net
200,660 shares
of common
debentures^ of
which
$2,600,000
are
debentures of' the 3%
series due 1949 and
$1,45Q,p00 will be debentures of the 3% series due 1954.
next, out of
32,735,891
401,593
-
3,670,500
Ttftal
been, called for redemption as of Oct. 1,
;
-
9,538,743
equity of Elec,
& Lgt. Corp.
inc. of subs.—
Other
-
",Y
23,220,349
2,714,508
from
Electric
Net
7,427,070
-
Y 13,504,921
7,471,298
to public—
applicable
to
in
11,548,126
- -r
11,875,278
;
public
Pwr.
.
17,885,898
13.410,260
3,282,675
1944
debentures,
1954, corporation will have outstanding
stock and $4,050,000 of collateral trust
of
Y
in the sinking fund, $600,000 of first mortgage 3'/2%- bonds,
1, 1962, at 105 and interest.
Payment will be made at the
of common
series due
YYyYY;'Y
21,671,475
9,277,276
3,508.440
of J. P. Morgan & Co.
Incorporated, sinking
St., New York, N. Y.—V. 160, p. 534.
Y
Gross
Summary
18.834,803
July—
corporation.
Upon the consummation of the sale of the 54,054 shares
now offered and of the $1,450,000 of collateral trust
.3%
Oct.
26,127,841
502,137
27,254
ii'• ■■ ■
• f
divs.
Net
3,991,396
5,462,515
Duluth South Shore & Atlantic Ry.-
*146,606 shs.
simplification
-stock
3,271,547
10,299,720
.
income.
have
moneys
due
$2,600,000
shares
$5,204,128
4,708,085
1,023,389
Bonds Called—
Wall
par)
—
300,000 shs
issuable under plan for corporate
(no
660
$6,279,940
4,674,838
1,872,848
21,475,329
railway-
9,509,214
29,529
7,444,044
,;y
•-
-
to
consolidated
railway
oper.
21,310,576
- 142,500
teserve
minority
"
$6,480,971
"
from
ry.
Outstanding
$3,500,000
1949
series due
3%
deb.
trust
from
Net
cffice
'Includes
1941
4,121,759
$6,116,625
.
_
income..
5,977,777
Total
Ry.—Earnings-
2,268,033
railway...
railwa
5,384,347
86,250
*
•
deductions
other
Portion
Januaryl—
Net
of April 30, 15)44
as
Authorized
Collat.
of
was
Capitalization
Common
•
plan
from
3,585,282
Balance
.
confirmed by the U. S. District Court for
the Northern District of Illinois, Eastern Division, on Jan. 2, 1940.
Corporation is not an operating company and its present intention
is to continue as a holding company until such time as circumstances
make it possible and desirable to consolidate the corporation and its
operating subsidiaries into a Connecticut operating company.
In
January,
1944, Ogden Corp. sold through an underwriter for
public distribution its entire holdings of common stock of the cor¬
poration, consisting of 91,577 shares thereof and thereby ceased to
be a parent of the corporation.
the
Y" *•
interest
tPfd."
from
3,118,323
Gross income—.—
-
$*•."•
$
7,512,812
appropriations—
»
Y>'V'
/•'
1944—12 Mos.—1943"
$
1,844,361
Operating income
(net)—_
•
ry.. oper.
&
">
40,656,314 133,369.137 143,354,642
13,166,319
46,222,309
48,125,013
1,683,246
6,913,089 Y 6,887,878
6.734,476
20,777.544
18,880,590
1—
deple.'
Rent for lease of plants
,
v."'.' Vy:'v
Subs.)—Earnings—
(&
J—
—
retire.
Net
1942
*y*' 'n
'.-.'v '
;• YYY
as
months of
first six
the
i
taxes
chise
1943
,
,
„„—12,085,119
♦Transfer
1944
.'Y
'
37,475,256
—_
Other incoihe
Duluth Missabe & Iron Range
■
Light Corp.
$
iOther-, taxes—
i,.
Net
&
for
$171,384
.
revenues
Operation
on Aug.
18 declared a quarterly dividend of two cents
the common stock, par $1, payable Sept. 11 to holders
of
record
Aug. 31.
Distributions of 10 cents each were made on
March 10 and June 10, this year.—V. 160, p. 623.
; ~ YY,
Net
of
profit
Subsidiaries—
share on
Gross
■
$36,479
$0.17
1944, net profit was $133,538,
30,
Period End. Mar. 31— Y 1944—3 Mos.—1943
-Operating
The directors
July-
net
a
Y
312,420
$48,158
$0.23
$0.17
June
p. 623.
-Jy
./•' :..\y [V'VI'y« V.
Electric Power
dividend of 20 cents
1, next.
There are
initial quarterly
an
Diana Stores Corp.—Common Dividend
for reorganization under Section 77B of the Bankruptcy Act.
A plan of reorganization providing for the transfer of its assets to a
newly formed company, Ogden Corp., was approved by the SEC and
by two-thirds of the creditors and stockholders entitled to vote thereon,
which
with
160,
459,502
$35,387
—
share
com.
«•
and
petition
after
per
compared
per share on the
common stock,
payable Nov.
outstanding 66,800 shares of common stock of no par value.
Light
306,894
—
For the six months ended
1943.—V.
.:
The directors have declared
—
taxes...
profit..
Earns,
Y
New Common Stock Placed On An 80-Cent. Aftnual
per
and
.
1942 "
1943
$394,660 :* $535,944
$502,198
YC YY"YYYYYY-Y '
52,379
28,284
153,299 *•
below—'——.— *
for Fed. and State
Net
•
$172.40 per share of new
preferred stock of $100 par.
Dividend Basis—
1941 to Manufacturers Trust Co., as trustee.
corporation was organized by its former parent, Utilities Power
Corp.. in 1926, to hold the capital stocks of Derby and
Walling ford.
On Jan, 4, 1937, Utilities Power & Light Corp. filed a
chgs.
deprec.
income
The
&
for
Prov.
subject to
$1,120,563, equivalent to
to
,
before
Prov.
amortization
shares of
$13.25 per share,
at
assets
1,
.Oct.
'Prof,
1944
"
3 Months Ended June 30—
*
value common stock was also
allotment.
Company is one of the larger Canadian manufacturers of malt and
allied products, which are used principally by the distilling and brew¬
ing industry.
In addition to domestic business, the company in normal
times enjoys a reasonable percentage of the total export trade. ? The
plant at Transcona, Manitoba, has a total combined malting capacity
of 1,350,000 bushels per annum, with storage capacity equalling 750,000
bushels, exclusive of temporary storage annex of 210,000 bushels. . The
grain elevator plant, which is leased from the C. N. R., has a total
capacity of 1,000,000 bushels.
'Net profit available for dividends for the fiscal.year ended July 31,
1944, of $134,282 was equal to $20.67 per share of the new preference
stock, or more than four times the annual dividend requirement of $5
per share.
Average net earnings available for dividends for the eight
years ending with July 31, 1944, was equal to $22.01 per share. ;Y ; •
The company has no funded debt and at July 31, 1944, net working
capital amounted to $833,918, with current assets of $929,491, having
ratio of 9.7 to 1 to current liabilities of $95,573.
Total net tangible
of common stock, the sum of $400,000, together with
funds of Danbury, will be used by it to redeem, on or
cash
other
•
.
redemption.
block of 30,060
A
offered
40,000 shares
of
v,
preferred Is redeemable at 105 by call or purchase in the
with sinking fund of 10% of annual net earnings provided
new
market,
..
,
stock,
ence
'
(being all of said stock
stock
mon
Eastern Rolling Mill Co.—Earnings—
cumulative prefer¬
currently outstanding 7%
the company's
to redeem
of Danbury <&
to purchase of following securities
Light Co., namely, 24,000 shares
$1,450,000
mately
Bethel Gas & Electric
Monday, September 4, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1972.
:
y ri¬
1944—6 Mos.—1943
i
$238,419
$0.19
Federal
$83,222' "
S0.07
income
tax.
Yt.
THE GOMMERGIAL & FINANCIAL CHRONICLE
'?« Volume <160 ^ Number '4313
Electrical Products Corp.
6 Mos. Ended June 30—
.
cluding
Subs.)- -Earnings—
(&
1943
1944
<
$622,119
$627,543
189,242
$432,674
$438,301
7,321
7,321
for
$264,922
7,321
profit
rentals & sales-
from
-
Operating profit
received
Dividends
Bad
debt
—
income
Earnings
no
12,957
T'.t;
10,558
income
Frcv.
Net
,
Fed.
lor
inc.
cont.
tax
$505,038
———
consolidated surplus.
profit —
8,249
217,500
262,325
140,450
$218,337
$140,450
850,059
815,057
$1,033,394
Federal
Fed.
dividends
earned surplus
Net
at
sales
Net
profit
"Fed.
' s'
taxes—
131,001
131,001
$936,175
$902,393
$814,743
stock—
$0.83
$0.83
$0,54
'
249,755
of
326,000
291,176
U89.953
t581,262
206,581
$590,527
\*
818,568
•
$533,557
$629,790
818,568
818,568
$0.65
$0.77
stk.
com.
credit.—V. 160,
paid-
3,494,153
§98,000
t
§290,000
t
n37,500
t
11412,500
conting.
rata)
profit
pro
Earnings
tNo
818,568
"
stock
,;,After
$679,767
has
$0.83
$297,864
deducting
been
$No
$573,025
$0.91
$0.57
post-war refund.
the
for
made, for
its
$918,607
$0.17
on
—
provision
deem
$176,578
$0.30
share
per
capital
625.
p.
2,422,300
(pro
res.
and
Net
250,070
»'■
$0.72
shrs.. oUtstdg.l.—
tLess post-war
4,769,677
1,198,900
t
1
131,001
30——
243,615
326,000
t5S8,659
•
3,340,907
828,300
&
$1,427,595
236,412
326.000
profit——
Com.
$945,744
prof,
1,610,978
"
profits taxes—
Post-war
1941
1944—9 Mos.—1943
$13,160,642 $34,144,857 $35,748,945
1,126,164
taxes
rata.)
$1,786,803
$1,293,124
$10,661,488
before
Renegotiation
1942
(& Subs.)—Earnings—
1944—3 Mos.—1943
—
te State income
excess
1943
$1,751,598
.—I,.
taxes—
Per.shr.
Cash
Gar Wood Industries, Inc.,
Period End. July 31—.
shares
(10,000
'
.'■/
1944
income
exc.
Net
805,294
$1,037,176
Previous
'
—A
profit
Depreciation
$289,150
24,376
.
stock
common
in
reserves
cumulative
6%
$705,804;
each), $1,000,000;
$9,007,777.
$100
total,
\>
v
$1,550,000;
operations,
$1,500,000;
offered
refund
$2,946,554;
1944,
1943
conversion,
res.
$217,117
v
of
Quarter End. July 1—
18,335
(est.)
value
16,908
•
$452,952
—.
'
•' *
"
30,
of
stock "(par. $100),
30, T944," $1,119;299;
*
Net
Total
Int., disc. & sundry deductions—
June
and. postwar
.
First National Stores, Inc.—Earnings—
48,858
projects-
taxes-to
renegotiation
at'stated
par
June
-
—;
—
contracting
of
of
contingencies
preferred
246,898
disc; & oih.
com.,
recov.,
$511,819,
.v
accrued
..settlement
v'-
.-.1942
Sell.y admin. & gen. expenses—189,446
Gross
983
the
possible
effect
fiscal
current
renegotiation
of
year
the
as
proceedings
does
not
l-eserve
has
company
profits to have been excessive during this period.
increase
In
the
existing
post-war
and
contingency
been
at
Balance
'•■Earns,
June
sh. on cap.
"On 262,002 shares.
•
per
»**
>
.
u.>
,
Gross
\
.•
$2,564,563
$1,586,264
774,216
1,356,816
723,789
*22,329
income
365,407
808,461
657,934
*112,969
railway— \
U. S. govern¬
accounts re¬
ceivable—trade
(less reserve
of $22,893.66.1, $322,322;
inventories—
at
lower of cost or market, $604,546;
investments and other assets,
$184,094; investment in rental equipment, $188,242; property, plant and
equipment (net), $334,589; patents, $1,543; deferred charges, $53,764;
total, $3,391,785.
.
?
From
accrued interest, $1,267,799;
at cost and
Liabilities—Accounts
payable,
dividend
$100,063;
payable,
Gross
ry.
$65,501;
directors
the
cn
stock,
common
In
Oct.
payable
1
holders of record Sept.
to
Erie RR.
July—
Earnings—
An initial distribution
18.
ry.
2,190,413
1,874,495
1,390,689
income
oper.
raliway—__
90,464,868
75,057,429
.y~
35,808,029
26,432,232
13,069,663
12,228.202
12,255,373
income
12,303,657
Co.—Earnings1944—12 Mos—1943
1944—Month—1943
Period Ended July 31—
$87,532
$83,232
$1,215,706
52,702
55,800
727,286
Maintenance
10.717
8,001
106.865
revenues
$6,780
'
$1,168,585
678,660
79,322
225,579
9,399
493
1,225,118
$1/03
$2.86
A:'*A:AA
•• •
'
.
"
Gross
Net
E
A:
$6.34
•
•
$2.89
'
•
J
,
AA
—t, 160,
119
2,491
Net
$140,444
from
ry.
4,262
■:
$142,597
105,889
A AA
.....
Net
430.
1943
1944
.
$2,006,506
1,192,761
$1,653,158
948,847
income—
468,192
496,696
railway
oper.
,
—V.
& Traction Co. (&
$1,165,219
' 673,093
582,893
maint. and
excl. Fed. inc.
profits taxes
Prov. for depr. & retire.
Oper,
1,574,475
Federal
149,982
187,504
858,154
648,517
251,470
252,006
980,324
219,831
taxes—
income
Excess profits
taxes
3,576,014
1,026,948
1,633,211
513,336
Earle
•
$447,717
$1,833,562
21,690
18,889
14,306
——
•
deductions
$394,094
191,545
$1,874,142
764,613
194,060
City—Tenders Sought—
1944, on any accepted bonds.—V. 158, p.
Fox De Luxe Brewing
$459,951
—
_
on
Sept. 30,
53,764
4,170
cents
G.
$1,931,294
762,912
on
Aug.
receive bids for
888.
Co. of Indiana, Inc.—Extra Div.
declared an extra dividend of
21
Net
income
$202,549
$265,891
$1,109,529
63,872
__———
65,522
$1,168,382
258,966
'
directors
The
Balance
^Earnings
'■On
to
earn.surp
$850,563
$200,369
$904,053
$1.62
A $138,678
$1.72
share—.
per
-V.
shares of common stock.
524,903
160,
of
Hines,
of
professional
8
.An. initial
f
A
dividend
of 30
declared on the common
cents per share has been
1944'.—V.
President,
motion
35
movie'
•
;
cents
extra dividend of 12V2
cents was made
12V2
1416.
156. p.
•
,
on Dec.
field,
mm.
projectors
16
for
that this corpora¬
man¬
mm.
but
the
also
requirements of 16 him. and
and the amateur or
1'6
that
and
mm.
8
mm.
will be
cameras
cease
added
to the
and such development
pro¬
of'like amount on June 15, v
•
(Including Statesboro Northern Railway)
,
regular
Ry.
__
$168,070
134,426
1,118,700
907,873
v
4,722
4,722
33,054
2,979
__
__
$1,148,719
$1,348,713
159,675
2,517
21,261
,.J
32,943
accr.—Federal
tax
1937___
act
tax.
RR.
___
$185,594
,
v
1944—7 Mos.—1943
1944—Month—1943
Period End. July 31—
Operating revenues
Operating expenses
Railway tax accruals—
m
16,761
Ry. tax accr.-—Fed. RR.
of
A—
ins.
unempl.
act
Equip,
rents
2,324
19,729
$24,081
$155,969
4,472
57,209
1,963
1,988
14,383
13,899
$6,499
$17,621
$84,377
$128,753
928
534
5,799
3,063
$7,427
$18,154
$90,176
$131,816
:
income
(net bal.
Dr)
facil. rents
Jt.
15,471
2,750
$15,468
7,007
1938
:
ry.
33,016
(net bal.
Dr)
Net
$175,669'"
income
oper.
Non-oper. income
:
First
Industrial
Corp.
The
directors
on
income
from
21 declared
Aug.
a
Surpl.
.
-
333
323
2,323
2,372
$7,094
$17,831
$87,853
$129,444
income—
record
Quarterly
distributions of 25
cents each were made on
Has 21 Oklahoma
applic.
int. /
to
quarterly dividend of 25 cents
Week End. Aug.
cents each and extras of
March 15 and June 15, last.
Combined
1944
sales——
1 $2,504,540
and administrative expenses.-—805,415
Account
profit on
Selling, general
Statement fi Months Ended June 30,
' Gross
profit/'—------/-^----------—------————
Other income
Net
(net)
——
profit
Provision
—~——-—
—
income taxes..;————_—.—-—.—
for Federal
postwar
contingencies, including renegotiation
conversion
—-—
profit
Dividends paid
Net
Undistributed
/
.
_
net
/
;
~
Balance
———
Sheet, June 30,
154,702
905,064^
Oil Wells—
$576,720
294,000
282,720
1944
in banks, $2,593,274; U. S. Government
obligations, $755,224; accounts receivable
(less reserve for doubtful
accounts
of
$26,859),
$1,709,785; inventories, $2,641,654; deferred
charges and prepaid expenses, $116,249; post-war refund of excess
profits tax, $22,150; advances—special project, $108,291; miscellaneous
investment, $4,500; fixed asests, at cost (less reserves for depreciation
of $326,700), $1,056,649; patents and patent applications, at nominal
amount, $1; total, $9,007,777.
Assets—Cash
on
Liabilities—Notes
penses
hand and
payable,
and Federal, state
$186,120;
accounts payable, accrued ex¬
and other government taxes on income, in¬
/
Company now has 21 oil
the rest partly .owned,
.
wells in Oklahoma,
some
,
Oil Co.
wholly
are
Dowdney,
P.
Louis
being drilled, three of which
owned by Fox and six are owned with Standard Oil Co. of
oil5 lands owned by the Fox Deluxe Brewing Co. of
Mich., should amount to about $140,000 a year, he
that good results can also be expected from oil
lands owned in Kentucky by the Fox Deluxe Brewing companies of
Marion, Ind., and of Grand Rapids, Mich.
In
regard to beer sales, Mr. Fox stated that Peter Fox Brewing
Co.
and
its
two
subsidiaries are selling all the beer possible.—
Grand
Rapids,
estimated,
V.
160,
p.
this
adding
A
dividend of 12 V2
^^-Cent Dividend— *
cents per share has been
declared on the Class A
value, payable Sept. 15 to, holders of
Aug. 31.
Distributions of 10 cents each we re made on Feb.
May 25, last year; none since.—V. 159, p. 935.
common
stock,
no
par
record
25 and
1944
/
•»
1943
$1,298,315
and
"AAA;:;
•
Executive Vice-President, on Aug. 31, announced
approved an agreement of merger of:
directors have
and its wholly-owned subsidiary, Gruco, Inc., which will
recapitalization of the parent company.
The merger will bo
a
voted upon
The
at a special meeting of
proposed
merger
stockholders called for Sept. 26.
authorized capital structure for
provides an
Utilities Corp. of $11,100,000 of 4% cumulative in¬
debentures due Sept. 30, 1969, and 2,000,000 shares of capital
Under the plan, each present share of preferred stock will be
Realty
General
come
stock.
&
of the debentures and seven
stock will be
capital stock. Thus, holders of
present preferred will receive all of the new debentures and 777,000
shares, or 50.1% of the 1,549,351 shares of capital stock to be out¬
standing upon consummation of the plan, holders of present common
stock receiving the balance of the new capital stock amounting to 772,351 shares, or 49.9% of the shares to be outstanding upon conummashares
of
for
new
$100
principal
capital stock,
amount
and each share of common
exchanged for one-half share of new
the plan.
tion of
the
In
under
p.
Gabriel Co.—To Pay
Jan. 1 to Aug. 21
$1,522,263
$48,550
company
effect
on
222.
of
the board
that
exchanged
of Ohio."
he added, nine more are
from
Income
.$57,600
General Realty & Utlities Corp.—Proposed Merger
»
wholly owned
which are now producing, and yielding
about $75,000 a month income, Frank G. Fox, President, told stock¬
holders at the annual meeting held on Aug. 21.
"By Sept. 15," he added, i'we expect seven more wells to come
through in that area.
Income from our wells should amount to more
than $100,000 a month by then.
Of the seven wells,, three are wholly
owned by this company and four are owned on a 50-50 basis with
Standard
,
Recapitalization—
and
/ Besides these,
372,042
—
——
earnings...——
•
and for
—-—
—
'
$1,853,827
—
Reserve for
'
$1,699,125
,
;
Operating revenues
-V. 160, p. 831.
21
1943
1944
Period—
on
of
par-share./
25
on
-•
the new common stock, par $1.25, payable Sept. 15 to
Sept. 2.
This is equivalent to $1 per share on the
common stock of
$5 par value which was split up in July, 1944,
the basis of four new $1.25 par shares in exchange for each $5
share
per
holders
old
represents
Basis—
Annual Dividend
.
i
<.
15.
be undertaken.—V. 160, p. 625.
can
'
\
15-
1943
use by educators, industry
enthusiasts," Mr. Hines said.
Indicated
Deduct,
operations of ,Holtzer-Cabot
Electric Co. and Micro Switch Corp., merged on June 1944. ^ Corpora- tion
is a wholly owned subsidiary
of Commercial Investment Trust
Corp.•' ' ■:
(:'-v"' ."V -'•■
ir::
.
on
Georgia & Florida RR.—Earnings—
15. last
,
Corp.—Income Statement—
First Industrial
The
Gross
share
per
par
compares
>
of
cents
30 announced
Aug.
on
picture
company's, lines when war activities
grams
Gross
$5,'payable Sept. 15 to holders of record Aug. 31." This ,
with 15 cents each on March 15 and June 15, this year.-*
Payments in 1943 were as follows: March 31, June 30 and Sept. 30,
15 cents each; and Dec. 24, 40 cents.—V. 160, p. 625.
/
.•••'•
•
"•> '
-y A>
•' ;•
y*
'
V r' '* A-j
stock,
an
which was followed by a payment
year,
>
Aug. 21 declared
distribution
50
$5, both payable Sept.
The only payment made in
1S44.-
15,
equipment for
mm.
and a quarterly dividend of 12Vs. cents per share on the
stock, par $1, both payable Sept. 15 to holders of record Sept.
common
2.
Distribution—
on
par
and 8 mm. film.:
will continue, he added.
"With the acquisition of Ampro Corp., the motion picture .activities
General Precision will now Include apparatus covering not only thoi
share
per
222.
p.
& Gas Corp.—Larger
Federal Water
of Michigan—Extra Div.—
De Luxe Brewing Co.
Fox
264,328
stocks,
The last semi-annual distribution was 35
5.
share on Sept.
per
of
dividend
a
common
Railway oper.
Preferred dividends
Both Issues of Common Stock
on
declared
"
mortgage bonds
12 V2 cents
per share and a quarterly dividend of 121/3 cents per share on the com¬
mon
stock, both payable Sept. 15 to holders of record Sept. 2.
An
initial of 12 Va cents was paid on Dec. 15, 1943, which was followed by
a payment of like amount on June 15,
1944.
directors
The
1943
$126,013
$1.14
purchased, for cash, control of Anipro Corp. of Chicago,
1,
$1,863,224
"7*282
Other income
Gross income
•
45
'AAA''-.'
$191,477
$1.64
present management of Ampro
'home
1, 1945.
The lowest offers will be accepted.
will be made upon presentation of accepted bonds with
1945, and all subsequent coupons attached, at the office of
Treasurer, Alfred Rheinstein, 21 East 40th St., New York, N. Y.
or
after Sept. 26, 1944.
No interest will accrue or be paid after
the
'726,098
923,202
8,064
$386,812
"Operating income —
Interest and
diy. from
•subsid. companies——
Income
.
of
one
ufacturers
May
April
Corp.)
Acceptance
1944
March
on
..
General Precision Equipment Corp.—Acquisition—
Payment
5,867,667
790.875
6,709,297
1,426,323
203,409
stations
./ ■
General
record Sept.
share
per
tion has
5,373,040
2,127,180
8,468,834
sale
due
.
excess
the. operations of General
in Schenectady, N. Y.
affect
''
/
Corp.—Earnings—
and
common
to holders of
308,115
4,214,623
corporation will until 12 o'clock noon, Sept. 25,
to it of $17,000 principal amount of 6V2%
The
have
directors
223,329
160, p. 430.
the
exps.,
taxes,
&
1944—12 Mos.—1943
$2,516,959 $11,029,855 $10,171,066
$2,582,571
—
A
/
Larger Distribution
The
$697,2^4
1,842,935
income
."■■•A/'
■
profit after charges and taxes
Earn, per share on class A and common stocks
;
2,139,586
475 Fifth Avenue Corp., N. Y.
1944—3 Mos:—1943
Period End. June 30—
Operating revenue
Subs.)—Earnings—
Movement
Net
He
federal Light
'
administration building, research
of employees into the new
an
television
and
radio
727.
(Formerly
1941
1942
9,488,967
4,010,319
railway
oper.
ry.
occupied by the Schenectady Works of the
that 18 months from the time the gov¬
ahead signal the new factory will be ready' to-
9 Mos. Ended June 30—
the class A
ex¬
area
go
General Phoenix
The
railway
from
from
Net
present
160, p.
is
it is estimated
and
Electric's
—V.
It
150-acre plot will begin as soon
of the development will be
Size
City Ry.—Earnings—
.From January 1—
Gross
$136,182
105,889
$1,964
$5,608
.
declared
p.
$145,089
70
——
income
Dividends
$2,083
'}
$5,678
charges
.
Net
the
restrictions."
construction
lifted.
are
The
new
plant will, include
laboratory and assembly shops.
30,
railway——
from
Gross
plant, he added. •
"couldn't be started tomorrow
one
wartime
of the plant on a
gives the
operations.
start
of
restrictions
one-fourth
cents
J uly—r
76,000
76,000
6,333
■■■
Department activities^ under the
Vice President, will be centered In
the
on
all in
because
construction
company,
was
'
income
Interest
£
6,333
accruals
res.
l
R.
them
put
post-war
Sept.
.-A.
.
above.—V. 160, p. 831.
plant is expected to be gradual.
The centralization project will not
Fort Worth & Denver
$12,012-,^
Retirement
'
W.
development
ernment
31,419
$216,444
$221,089*
$8,416
Dr.
wartime
as
'
Balance
to
about
830.
p,
$185,025
$211,690
1,637
$11,519
revenues
oper.
Non-oper. income, net-
169.866
12,651
12,594
Taxes
'2,704,722
532,245
1,221,282
refund, a charge of $1,372,239 for the fiscal'
1943 was made against the reserve for con-'
tingencies, post-war rehabilitation and renegotiations.
This charge
includes a small 'adjustment for the fiscal year ended Sept. 30, 1942,
and a balance of .$437,687 remains in the
reserve.
The
company has
replaced its "V" loan with a "VT" loan for
$25,000,000 under which it has now borrowed $10,000,000.'
Stockholders have approved an amendment to increase the author¬
ized cumulative preferred stock from 20,000 to 70,000 shares.—V. 160,
in
ended
i
Chemical Corp.—Calls Debentures
Electronics
G. Baker,
company's
of
wished
we
proceedings, after giving effect to the credit for Federal
excess
profits taxes previously paid, and including the
and
income
reduction
Operation
Operating
the
pected
27,719,063
Chairman, in a report to stockholders stated
has concluded renegotiation proceedings on
all
up to the close of their 1943 fiscal year.
As a
transacted
business
year
Fall River Gas Works
$
Crummey,
company
935.
p.
Mr. Swope In his remarks said the. job
if
1944—9 Mos.—1943
*
$
$
result of these
830.
p.
D.
the
that
159,
outskirts of Syracuse, N. Y., near
Liverpool, Gerard Swope, President, announced at a Syracuse Chamber
of
Commerce
dinner
on
Aug.
24.
At present, G.E.'s activities in
electronics al"e carried on in several cities, and it is the company's1
made on Sept. 1 and
1939.—V. 158, p. 983.
Increased—
—Stock
20,408,221
oper.
160,
Aniline &
industrial
an
!
Renegotiations Completed—$10,000,000 VT Loan
1943
Corp.—V.
General Electric Co.—Electronics Headquarters—
direction
15,149,000 124,899,543
56,753,616
w.-1
• rv •
.<
59,123,544
29,931,911
'
$
-,
426,676 com. shares
•/>
John
railway..——
net
profits taxes.—1
Earnings per-share on
•'
93.075,704
from
from
Net
were
1944—3 Mos.—1943
cess
$9,541,122
3,547,800
2,137,266
Phoenix
American I. G. Chemical Corp.
All
v:;
Co.—Earnings—
contingencies..
12
325.
p.
.
Federal income and ex-
1941
1942
1943
railway—_ $13,121,243 $13,759,025 $11,621,002
5,555,714
4.272,344
4,093,638
railway-
from
Net
ry.
each
cents
10
'«
business
of
after
.
1944
; ;
Net
—V.
See
potential holdings
v
10, which were the first since March 11,
Volume
./From January 1—
Net
of
payments
during
160,
until the
company's holdings in
v';
Period End. June
•v'
this issue on July 1, 1944.—V. 160, p. 534.
from
Gross
consideration
because of the
the board
Food Machinery
,
of like amount was made on
General
desire
30, last.
Net
defer dividend
to
stock.
1943,
$550,000.—V.
/■'
Co., Inc.—Dividend Action Deferred—
meeting of
made
provision
to
General Acceptance Corp.—Name Changed—
See
requiring plans for immediate development.
On March 15, last,
distribution of 10 cents per share was made on the $1. par value
Dec.
Total
amounted
1943,
31,
1943 amounted to $400,000.
quarter.
per
Oct.
the
deems
Total reserve"
profit before taxes.
534.
directors have decided
common
disbursed on this issue on March 31 and
Payments in 1943 were as follows: March 31, 10 cents;
June 30, 25 cents; Sept. 30, 35 cents; and Dec. 15, 30 .cents.
, — ,
The usual quarterly dividend of 683/4 cents per share on the 5Vz%
cumulative convertible preferred stock, par $59, was also declared,
18.
June
Gross
7,259,270
A like amount was
Sept.
.
2,262.912
3,528,963
there
cents per share
payable Sept. 30 to holders of record
$10,
par
7,426,278
4,372.927
20,538,854
newly discovered fields in Mississippi and other
two
25 declared a dividend of 25
Aug.
on
10,699,083
9,459.761
,6,419,792
Fohs Oil
The
Pa.—Dividends—
Elliott Co., Jeannette,
20,619,942
9,538,802
4,206,673
November
net
ended Oct. 31,
equally
ended
General
a
Tne
12 months
fi Prorated
months
with
accordance
in
' "
income
railway
oper.
"Deficit.—V. 160, p.
capital stock
(par $4), $1,048,008; capital surplus,
earned surplus, $936,175; total, $3,391,785.—V. 158, p. 982.
$385,173;
'
,
for the
:
$24,330;
come,
.
$57.3,876
railway—
from
from
Net
taxes,
for
January 1—
Net
rcll deductions for bond purchases and taxes, $77,551; accrued
$310,990; Federal taxes on income
test.), $217,500; reserves
losses
on
signs and general contingencies, $226,495; deferred .in¬
pay
from
ry.; oper.
deposits and cash on hand, $434,486;
Assets—Demand
ment securities,
SProrated
railway—....
from
Net
A
1941
1942
1943
1944 •
$2,195,745
July—
.
Net
Consolidated Balance Sheet/ June 30, 19*4
made during the current fiscal year as the company
$1,100,000 it has set aside for this purpose to be adequate.
Florida East Coast Ry.—Earnings—
.
.
opinion of counsel for the company, no
present Federal income tax laws,
the exchange of
taxable gain or loss,
will be realized by stockholders
their present stock for the new securities.—V. 159,
•" AAA'
2303.
Georgia Power & Light Co.—Hearing on Bond Sale—
contended at a hearing before the Securities
Aug. 29 that it would cost $30,000 less to
proposed $2,500,000. bond issue privately with one insurance
Counsel for the company
and
Exchange Commission
place
a
1
160, p. 628.
issue.—V.
5%
a
submit bids for any one, any two or all the three
issues of $35,000,000 series K 3'/8S due 1960, $30,000,000 of series L
3%s due 1970 and $35,000,000 of series M 3'/2S maturing in 1980, all
Issued under the road's general mortgage.
A bid for series K may not be conditioned upon acceptance of bids
for series L or M or both and a bid for the two last named may not
be conditioned upon acceptance of a bid for series K.
Bids for Series L
and M may be conditioned upon acceptance of such proposals in their
entirety..
: ;:f
All proposals are to be received at the company's office at New York
at 11 a.m. Sept. 12 and wiil be opened immediately after that hour.
The company will accept bids not later than noon of the following day,
—V. 160, p. 831.
,•
'
1 .
'
t
-
MT&U
taxfcs"II
for
1,037,715
919,472
:
5.793.523
4.631,350
12,666,240
14,385,670
394.300,
468,167
Provision
16.715,015
21,386,955
1,567,354
Divs. on
$805,696
304,298
$8,980,408 $10,146,017
3,714,971
3,779,390
$381,171
$501,398
$5,265,436
—
223,005
223,005
2,676,084
$158,166
$278,393
$2,589,372
pfd. stock
Balance
160,
15.
A
share previously each quarter,—V. 159, p.
['<, \
•»
»'/ A* '
''
'l
" '''
<•
' * J.
Net ry.
-
from
Net
ry.
354,792
307,390
125,661
July—
Net
ry.
Gross
$551,109
194 276
railway-
from
Gross
$664,821
325,789
136,410
Net
ry.
railway
from
Net
7
69,912
income
oper.
From January 1—
.>
from
Gross
Net
from
Net
ry.
—V.
railway
income
ry.
$288,725
85,139
48,498
.
160, p. 728.
from
Net
j
ry.
sales
1943
1944
Other income
Other
charges
for
Prov.
taxes
less
—*
Fed.
&
refinanc. chgs.
976,624
from
1538,214
renegotiation of war contract prices,
credit
:
——
1132,729,000
&
for
contingencies.——
;
'
-
2,000,000
income
Net
5,244,308
1____
surplus
Dividends
on
preferred stock-..
Dividends
on
common
___!
18,987,791
RR.—Earnings—
'
1943
1944 V
$313,826
135,185
71,985
4,304
89,100
"Includes $1,039,532
current
,
-
■
prices.
stock at
?Of
651,623
—V.
A
Sheet,
Balance
June
49,848
4,195
974,920
items,
372,504
145,460
233,273
1,507,093
78,390
253,519
"178,455
31,170
well
536.
p.
Sept. 11—?
has
Commission
Exchange
for
misceJl.
receivables,
Post-war
refund
profits taxes
tCapitil
to
in
assets
The
160,
2,307,207
3,437,000
47,716,041
768,729
736,466
392,486
695,996
last,
884,237
1,136,549
190,445,678
181,624,516
—
and
Liabilities—
Notes
'
—•
________
he
The
536.
directors
payable Sept.
Bank
and
and
excess
now
Accounts
IProv,
15
'
633,052
and
taxes
income and
foreign
and
cents per share
and Dec.
15
not
loan
for
pensions
Reserve
for
other
cumulative
'"Common
Earned
i
4,828,421
.;
taxes
profits
1943
each;
cents
to
"After
tion
for
reserves
$2,189,833
in
and
1944;
special
73,160
A'
doubtful
Gross
operating
of
1110,366,000
Costs,
operating
exp.,
530,000
280,000
than
Fed.
Depl.,
2,481,699
24,721,860
tAfter
in
22,879,965
inc.)
deprec.,
leaseholds
and
Net
less
308,
capital
the
contract
11,041
assets,
books
at
prices.
shares
in
""Issued
treasury
namely goodwill,
$57,798,001.
•,
&
A
Official Dies—
at
and
allowances
depreciation,
1944;
in
of
Magoffin Jett, Secretary and
died on Aug. 9.—V. 160, p. 831.
.
Interest
the
the
capital
Payments of
and
on
Dec.
have
stock,
like
10,
declared
payable
amount
"July-—
Gross
carried
in
from
from
Net
ry.
From
Net
Net
were
30
made
p.
railway.
railway
oper.
income..^
on
10
A
ry.
railway—
oper.
income—
160, p.
19,226,375
24,210,544
1,045,998
1,162,663
7,560,052
8,464,532
1,401,727
1,341,425
11,666,323
15,743,012
income
"
ry.
of
31
and
income..
:
railway-.-.^.-
1942
"
3,156,493
4,123,763
54,496
income
15,783,038
and
Investments
in
311
deferred
accounts
from
ry.
'
,
,
income
729.
,
p.
,•*
":4>
A1
-' The
Operating
Operating
Ry
stock,
Harbor Belt
4,8421638
taxes
revenues
expenses
Long
term
Capital
payable,
109,487
;
16,177
r;
712,004
812,481
3,003
263.784
33,710
847,705
43,336
$59,400
3,351
$136,475
3,043
$297,494
22,547
$891,041
21,298
$133,432
41,160
$274,947
in
64 021 721
40,153,432
30.532.034
22'.896',507
Appx-opriated
15,567,067
15,997,863
16,344,975
14,795,630
Unappropriated
Invited—
Total
bonds have received
—V.
159,
'
$1,078,118
■
1,610,847
1,656,606
; 9,285,945
9,285,945
47,500- •
47,500
!_
-
98,180
,
;
364,257
364,877
9,978,448
,
98,180
9,141,644
_____—$22,481,649 $21,672,250
p.
2520.
• ■
•
; • : > • '
•,
•
.
inc.
fixed
r
inc.; after
-
42,962
fixed,
*
'
—
.
293,963,
r?.*-'
$575,780
"$18,53T
$92,272
•
^
;
$869,743
293.484
;
.
$13,087
11.
p.
'
<
$56,049
charges
a'A '.V"-
"
r
.
Electric Co.—Seeks Bids on 120^Shares of Preferred Stock—
000
-
N. Tidd, President,' announces that the
proposals for the purchase from it of 120,000
George
ceive
-
'J
;v;-A'A..
82,114,373
39,831.030
contingencies....
v
from
Indiana & Michigan
;:62,778
'
$1,095,852
Appropriated for self-carried insurance
for
1944—7 Mos.—1943 >
$9,567,896 $9,713,050
7,991,976
6,957,682
600,132
1,095,182
company will reshares of cumula¬
•
preferred stock (par $100), the dividend rate to be specified by
the bidder.
Proposals should be presented to the company at the office
of American Gas & Electric Service Corp., 30 Church St.,f New York,
tive
before
on
noon
Sept.
11,
1944.-—V. 160, p. 627.
property
surplus;
paid
Railroad—Earnings-
111,143
for
avail,
fixed
charges
124,628
A'A;A*:-''A AY-.".A
accrued
taxes—
obligations.____^-___.._______..^__
surplus,
75 cents
April 1,
127,231
*
9,244
charges
Total
18,902,485
;
stock
Capital
t *
56,397
A
deducts,
^
87,933
income
Total
$2,582,359
.-,19,660,608
receivable
*
"
other
4
Dividend—
rents
:
;c.3,145
accounts
'
income.
oper.
"Deficit.—V. 160,
A——$22,48i,649 $21,672,250
and
882,482
1,190,970
828,599
'
1
1944—Month—1943
$1,291,048 $1,426,750
1,076,214
962,292
70,504
226,084
3T—
income
Misc.
'
1941
'
declared a dividend of 75 cents per share
$25, payable Oct. 2 to holders of record*
22
par
accruals.....—
tax
Net ry.
,;vYV'VA'A'';'
assets
and
'
.
Aug.
on
common
Indiana
funds
capital
Total
795,055
t
directors
the
June 30, '44 Mar. 31, '44
$2,692,232
special
Other
A
4,811,191- 3,870,993
1,998,684
1,478,151
v
*
.
.
$649,531
287,994'
180,576 I
226,301
137,125
5,530,917
2,419,223
6,695.285
3,014,306
railway
oper.
160,
1941
1942
$783,796
373,354
Sheet
Balance
-
on
last
513,423
127,123
railway
from
Net
" $770,475
V,
$0.82
$1.54
Consolidated
companies,
1943
$862,515
394,272
1944
$1,069,769
railway....
oper. Income...
Net
—V.
*
•
$1,447,181
$2.14
supplies.........
other
67,105,529
19,165,647
13,303,181
729.
railway
from
ry.
$876,475
105,999
95,488
share
A'iAA
,
1,684,296
210,000
$2,004,179
common
Earned
new
129,596,226
46,751,968
income...
railway
from
$861,905
' 14,569
$1,542,979
taxes......______
.1,780,182
<,;
120,979,497
96,184,733
40,387,635
32,131,213
19,258,579
13.365,534
"' ', V
July—
788,043
13,378
$2,268,675
....
1941
1942
15.
This compares With $1 paid on June 24, last, and
on
April 1, 1944.
Payments in 1943 were 75 cents each on
June 25 and Oct. 1.—V. 158. p. 890.
$1,529,601
v
taxes.-
$15,174,860 $10,486,267
5,180,081
3,047,322
2,013,894
160, p.
Gross
on
i 887,622
$2,257,995
Condensed
Notes
1943
1,728,243
oper.
Net
v
>
15.
30
income...
oper.
January 1—
from
-
1,207,980 ' 1,155,261
1,601,077
share
June
5,395,835
Period End. July
Sept.
per
record
6,601,848
from
ry.
i,
1,156,130
profits
excess
1943
1944
railway—
1942
surrendered
and
railway— $18,962,849 $17,285,835
from
from
$2,805,209
(other
income
for Federal
providing
Imperial Paper & Color Corp.—75-Cent
1943
assets__._.__.___T____.._._.._;
Prepaid and deferred charges.—
$17,657,299 $18,928,733 $15,762,035 $13,853,494
6,474,960
8,741,061
7,750 540
7 034 725
23,686,369,
2,504,088
728.
$3,625,204
and miscellaneous
Liabilities—
Prospective bidders for the $100,000,000 of
3,812,512
fxd.
other
and
/
International Great Northern
1944
Gross from railway—\ $2,655,574
Net from railway......
766,494
Net ry. oper. income...
300,831
July™
'
,
RR.—Earnings—
1943
$2,558,230
890,440
272,532
^
1942
1941
$1,864,521 $1,165,682
698,412
252.549
552,503.
121,281
..
From January 1—
Gross
from
Net
Bids
2,745,478
Sept.
...
-
Net
Ry.—Earnings—
3,561,566
592,737
From Jan. 1—
1944
expense..
gen.
amort.,
income
materials
A
V
January 1—
•.
ra:lway_„_ 116,075,134 106.247.908
•
2,447,725
Distribution—
$5,015,202
banks, accounts receivable, U. S. Govt.
securities, inventories of petroleum products,
direc-'
2520.'
from
from
cents
holders
March
,
^
for fixed
avail,
charges —w——rent
for
leased
Net
;
of
'
Illinois Terminal RR.—Earnings-^
(& Subs.)—Earnings—
Cash in
A
to
&
Assets—
:
dividend
1944
Net
Gross
Sept,
1943.—V. 159,
Great Northern
a
jj)
561,045
36,871
Inc.
-.Net
and
directors
1
752,442
37,267
—V.
(Mass.)—Merger—
paid
Fed.
Earnings per
Great American Industries, Inc.—Dividend No. 4
The
'
I
18,511,200
dividend normally
dividend of 50 cents per share
to holders of record Sept. 14.
and June 24, this year.
Pay¬
March 25, June 25 and Sept. 25,
Co,
debts
Est.
~
member of the board of
a
g
103,282
5,987
From
above.—V. 156, p. 782.
taxes
income
Bad
1943.
'
trade-marks
<"
'A;AAavAv-.::
■'* •'
2,406,793
Other
amortiza¬
$51,804,574
,
Shelbv
tors,
and
V
6,546
Gross
a
abandonments, etc..
operating
Total
1,314,296 shares at $102,378 cost, $554,470, and intangibie
patents
^
;rv-
110,762
Net
181,624,516
deducting U. S. Treasury savings notes of $70,245,552 in. 1944
$32,505,600 in 1943. A Ulncluding estimated net effect of renego¬
of war
,
20,433,813 149,427,652 143,890,415 «
13,866,486
95,771.222
93.700,130
3,567,797 32,399,752 22,691,404 *
facil.
Equip. & jt. facil.
tAfter
tiation
l
•
2,343,509
Net
44,025,837
discounts
1943.
$56,479,610
.
income.
Gross
25
income..!
190,445,678
accounts,
in
$2,251,023
.
Earnings of Company Only
25
6 Months Ended June 30—
4 571 429
27,569,000
28,816,603
—
reserves
Electric
Honolulu Oil Corp.
1,709,069
...—
J'
22,018,311
14,250.043
5,030,745
394,014
oper.
"After
15,721,845
44,025,837
________
-
income.....—__
ry.
'Net
-
24,721,860
;
31—
•'
chgs.
Inc.—Defers Div.—
pay
and Dec. 21, a year-end of $1.—V.
Interest earned
Total
follows:
as
were
See First Industrial Corp.
-
463,649
—____—
,
of System—
A& 1944—Month—1943
194^-7 Mos.—1943
(net
.RRs.
for
preferred "A" stock, par $25.
A
made on this issue on June 15,
1943.
Arrearages as at Sept. 15,
share.—V. 160, p. 831.
March
on
26,659,000
purposes
surplus
in
paid
Holtzer-Cabot
*
...
v
State income
was
payable Sept.
stock,
was
10,885,947
preferred stock______
stock
50
.
________
"
-
purchased
O., has also been
deductions—
Inc.
3,456,375
______
Reserve
$5
616 215
3,815,762
(2>/4%)
First mortgage bonds due 1956—
Reserves for contingencies——
At
sausage
is
-
.
Misc.
15,
declared
30
Aug.
on
common
amount
ments
war
contract prices
Deposits under U. S. Govt, contracts, less expenditures not yet reimbursed, per contra
Bank
A'A.
v
ex¬
of
renegotiation
'
■'
Central RR.—Earnings
exps.____.___
24,861,131
...
.___
Federal
profits
'
• '
-
production Item
Hygrade
largest
the
oper.
cumul.
the 1%
on
March
on
voted
25
Aug.
on
directors
the
like
A
______
23,356,478
liabilities
for
cess
operations;;
payable
Accrued
said,
■
Net
Hercules Powder Co., Inc.—50-Cent
on
$20,000,000
(with respect to foreign
terminated)
»
.
Other
that no reserve has been set up for re¬
it is believed no refund should be necessary.
1944, will amount to $8.31 % per
banks, under Federal Reserve
loans
addi¬
take over
to
He
.revs.........
Net
v;;
of 43%
and
The
to
Aires.
"
July™
income
Consolidated Publications,
Hearst
,'»•
\
payable
negotiating
now
processing plants in "every important country of the world."
Gross
Regulation V
is
51 plants and branches in American cities as
Australia, Casablanca in French North Africa
said post-war plans envisaged expansion of
Melbourne,
Buenos
Net
Total
$0.60
'
Ry. tax accruals
Equip. and joint
amounted to $570,500 in 1944 and $1,134,300
states
company
p.
payment
i
refinancing charges.
improvements & other deferred chgs.
Leasehold
$248,664
.
a
oper
$834,000
1,334,995
Federal
estimated
State
and
Federal
negotiation of contracts as
—V.
2,133,542
^
Hygrade
operates
now
in
as
Net
_____
that
predicted
Ry.
1943.
(2)
73,160
foreign excess
Prepaid insurance, taxes, etc.—
$265,919
$0.65:>
Ry.
$1,016,300
;; 1,334,995
$0.56
$0.69
$491,100
1,334,995
$0.33
$0.27
depletion,
profits taxes, etc.
Notes—(1)
55,158,476
463,649
__
discount
j
shs.r
com.
the quarter ended June 30,
49,522,708
and
-
148,031
1944—6 Mos.—1943
1944—3 Mos.—1943
$410,000
1,334,995
depreciation,
and excess
2,957,560
less reserves.....
Federal
—_1
!
Period End. July
declared a dividend of 35 cents per share
13 to holders of record Sept. 6.
were made on March
13 and June 13,
•
profit
4,764,250
of
1943
$396,695
lines.
V*
companies and
other
^
'
'
each
cents
25
taxes
said
Illinois
payable Sept.
stock,
of
25
Aug.
on
.
■A meat packing plant at Youngstown,
by Hygrade.—V, 159, p. 1657.
$4.60 div¬
serial
common
Outstanding
48,841,298
.2,540,051
64,499,283
advances
1944
$527,818
50,000
611,899
—....
share...
products.
a
announces
directors
"After
47,857,577
under U. S. Govt, contracts, per contra
Investments,
$107,782
corporation,
Samuel Slotkin, President and
Chairman, . an¬
on Aug. 30,
has purchased the Baker Importing Co., makers
present,
11
Sept.
set
Hall Printing Co.—Retires Debentures—
Earnings per share...a'
■
404,617
"Trade accounts and notes receivable
$267,645
'Engaged in the production and processing of over 200 food,
including butter, cheese, dressed poultry, eggs and animal feeds,
in
and
Harbison-Walker Refractories Co. (& Subs.)—Earnings
1943
$18,160,146
Inventories
$17,856
per
Hygrade
.
York.
Period End. June 30—
30
securities
Other accts. & notes receiv. & sundry advances
Cash held
<
1944
$16,124,121
__________________
Marketable
'
495,045
J
$668,022
775,804
...
He
1,299,785
"29,193
160, p. 431.
"Net
net effect of renegotiation of war
$554,470 is represented by treasury com¬
Consolidated
,
Assets—
Debt
22,879,965
28,816,603
cost.
Cash
718,842
sharp rise in the popularity of fresh-frozen
food products after the war.
Hygrade, he said, is now operating fresh- ,
frozen corned beef hash plants in Detroit, Cleveland, Buffalo and New v
Payments in 1943 were as follows: March 12 and June 12, 25
cents each; Sept. 13, 35 cents, and Dec. 13, a year-end of 65 cents.
not relating to current year,
tlncludes $250,501
11944 .includes S97,6'00 not relating to the
which
$451,197
108,354
last.
year."' fllncluding estimated
contract
mon
.$90,499
102,692
Slotkin
Mr.
33,080
-
company's proposed issuance of 120,000 shares of
preferred stock.—V. 160, p.. 831.
on
the
on
amortization.
accelerated
$58,485
contingencies.^.
tional food
$144,553
$249,562
•
Minn.
1941
1942
$169,848
514,521
and
company
The
24,561,670
<1,030,077
:
at June 30
surplus
bonds....
"Barrington Hall" soluble coffee, which has its plant in Minneapolis,
of
Int.,
SEarned
.
Ilygrade Food Products Corp.—Acquisition—
rents
1,303,255
_
stock....
2,075,174
1,704,958
160,
67,113
160, p. 627.
(M. A.) Ilanna Co.—35-Cent Distribution—
31,149,935
1,030,077
•
_______
2,718,626
income.Li
Distributions
Total
2,949,551
that it retired on Aug. 1, 1944, $200,000
debentures
bearing
interest at
13A%
and
1%%, lespectively.
i Through • operation
of the sinking fund the
company
will also redeem and retire on Oct. 1, 1944, $200,000 of
outstanding 10-year 2Va% sinking fund debentures.—V. 159. a. 2635.
5,573,879
25,905,627
1
__
on
income....
Net
—V.
1—
outstanding
.
Earned surplus at January
2,760,637
railway
(W. F.)
30,773,000
114,000,000
post-war
Provision
339,648
500,749
($100 par)
The
of
income & exc. profits
foreign
$1,640,477
972,455
inc. bonds
income
This
Securities
idend
464,731
_______
138,536
$1,396,745
945,549
4,290,694
railway
oper.
The
11,072,730
——i.—
disct. &
of debt
amort,
Inter.
$229,035
•
food
—
—
——
_
int.
profit
Federal
13,094,176
income...
oper.
hearing
income
$1,331,335
65.410
$1,573,364;,
8,908
.
679,085
6,292,371
Gulf States Utilities Co.—Hearing
207,892,543 181,247,058
Cost of goods sold
144,677,099 120,983,037
Selling, general and administrative expenses—
18,734,369
16,131,524Provision for depreciation and amortization
2,992,929
2,248,157
Total
$2,010,938
1,183,645
17,364,981
railway.——
"Deficit.—V.
deduct.) 206,273,349 179,161,773
1,619,194
*2,085,285
(discts,, transp. & excise tax
$2,884,002
8,709.424
railway
from
Net ry,
F.j Goodrich Co. <& Subs.)—Earnings—
6 Months Ended June 30—
Net
$220,126
8,644
134,530
.
$44,207
Reserve for
22,388,108
income...
From January
Gross
Net
(B.
1941
7,280,267
,
from
Net
.<2,221,144
748,816
378,704
2,590,877
958.325
389,070
$184,372
__
Huyler's—Earnings—
Net
21,935,619
Gulf & Ship Island
July—
3,857,396
3,999,354
$193,015
for
inc.
Earnings
railway.
oper.
'r.:
1944—7 Mos.—1943
$5,330,689
$5,430,760
548,327
'Exclusive of interest on adjustment income.bonds.—V. 160, p. 536.
160, p. 831.
Gross
4,394,859
2,201,902
693,753
RR.—Earnings—
570,649
income
adj.
on
nounced
'
3,944,933
1,486,086
404,684
railway.-
oper.
A
,
196,632
79,690
391,397
railway—!
from
from
—V.
19"4I
1942
$428,570
1943
1,079,904
income..
oper.
Net
Ry.—Earnings—
1944
985.
Deficit
/
From Jan. 1—-
Net
Georgia Southern & Florida
Savings Bank, trustee,
charges
adj.
Int.
1942
$3,105,673
1,175,008
424,307
$3,231,280
railway
railway—
1,
interest.
I
1943
1944
from
1944, through
bonds,
Payment, will be
115 West Monroe
Oct.
mortgage 3'/4%
first
1944—Month—1943
$755,021
$768,453
revenue
avail,
Net
2197.
t
■■
■
from
Net
—V. 160, p. 535.
July—
and
Year Ended June 30—
2,862,343
772,583
673,659
4,775,719
1,994,454
1,769,579
6,326,504
2,836,312
2,492,026
6,080.118
2,144,550
1,883,580
:
income
of
101 Vz
&
158,
income
"Income
Earnings for July and Year To Date
Gross
railway
oper.
oper.
of
as
$25,000
Manhattan
&
Operating
elected directors
■
railway
from
Net
$458,154
140,286
i—
Prom January
Gross
1942
$778,424
349,481
income—
oper.
1941
1943
$895,024
394,571
redemption
at
p.
Trust
111.—V.
Non-oper. income
Masonite Corp., and A. B.
Campbell, President of the Mississippi School Supply Co., have been
236,092
railway
Harris
1967,
Oper. exps. & taxes
Wallace, Executive Vice-President of
R. G.
1944
$886,549
325,001
"
railway
from
from
Gross
par
no
1,
' Period End. July 31—
,
Gulf, Mobile & Ohio RR.—New Directors—
;
July—
Net
the
Chicago,
Hudson
Dividend—
per
Georgia RR.—Earnings—
Gross
at
value, payable Oct. 2 to holders of record Sept.
similar distribution was made on July 3, last, as against 50 cents
stock,
common
535.
p.
made
St.,
for
called
April
due
dividend of 40 cents per share on the
have declared a
^
—V.
A,
been
the sinking fund,
of
,
Great Western Sugar Co.—40-Cent
The directors
$3,690,563
_l.
series
Gross
^>^6,627
2,676,064
—
income
Net
deduct.
other
&
Inter.
$681,805
300,635
income—
Gross
have
operation
may
.
Telephone & Telegraph Co.—Bonds Called—
Home
There
bidder
Each
Georgia Power Co.—Earnings—
Period End July 31—
1944—Month—1943
1944—12 Mos.—1943
Gros" revenue
$3,944,756
$3,865,065 $48,827,129 $45,878,252
6p«atS'"xpensev::::
of F. J. Gavin, President
bid over the signature
to
road.
the
of
from
emption
invitations
formal
than to offer it at competitive sale.
The company asked ex¬
the bidding rule.
The company proposes to sell $2,500,000 3%%
bonds to the North¬
western Mutual Life Insurance Co. and to use the money to redeem
company
Monday, September 4, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
\
984
from
Net
ry.
—V.
railway....
railway
oper.
160, p.
income—
536.
17,839,851
5,445,346
2,037,137
-
17,016,866
6,843,764
2,476,841
"•
"
10,937,200
3,095,167
1,969,028
•
7, *02,912
1,560,075
606,340
-
Volume
THE COMMERCIAL 8c FINANCIAL CHRONICLE
Number 4313
160
Operating Agreement—The bonds will
International Harvester Co.—Sales Up—
the
and
of
V
50%
at
sales
of
third
the
For
the
of
at
of
products
war
In the last six months
accounted for 71.1% of sales,
war products were 58.2%
company.
this
of
products and civilian goods
war
is
As
its
farm
to
duction Board Order L-257, Schedule
which covers the year
Ry.;
Period End.
Ky.
oper.
Net
rev.
Inc.
avail,
Net
income
—V.
248,371
cper.
ry.
$4,777,756
2,192,189
197,678
RR.
172,859
1,728,643
1,354,082
1,262,074
160, p. 536.
of' the
sale
the
of
bonds
new
of
(exclusive
sale
redemption
(exclusive
of
accrued
1, 1945,
no
National Bank, trustee, Baltimore, Md., will on or
before Oct. 1, 1944, receive bids for the sale to it of 20-year debentures
due Jan. 1, 1955 at the lowest price or prices tendered.
All tenders
will be opened on Oct. 2, 1944, and the trustees will notify holders of
accepted tenders of the acceptance thereof, such notice to be mailed
substantially less
for the year ended
renegotiation
160, p. 729.
Stock—Receives
.
To Retire 6%
—
Loan—Official
Bank
....
.
Pro¬
.
.
on Oct. 1. next," will redeem all of the 2,968 shares of
6% preferred stock at 100 and dividends.
Funds were
through a long-term low-rate bank loan with the First
Bank
National
in
St.
Louis.
■
;
•.
-
During the past few weeks Wijliam P. Hemphill, President,
payment.—V.
portion of his option contract and
a
Stock
of this
ac¬
the
and
.consist
shares
two
the
of
common
the issuance of .this
common
effect
Giving
company.
redemption of the 6%
of
to
the
preferred,
old
exercised
acquired 8,000 shares of
outstanding
noncallable
capital
noncumulative
and
will
$100
.
interest), to pay the bonds upon
will be provided by the Terminal
their
160, p.
"
729.
'
"
,
'
par 'preferred
of
shares
139,948
L.
of
stock
common
of
aggregate
par
Paid-in surplus amounts to $2,648,390 and earned surplus
3, last), $1,156,483.
loans
<
said
were
$400,000 at the close
J.
i-
and
bank
Current
with
equal
make
to
the
of
Cummihgs has been
be
last
elevated
under
fiscal
from
-
$200,000,
compared
as
year.
Assistant Vice-President
to
Vice-President, succeeding the late A. H. Killinger.—V. 158, p. 1279.
-V
...
$699,740.
(as of Nov.
re¬
company,
$4,299,241 thereof being furnished to .the Terminal company in
shares by the proprietary railroads other than Alton, which is to
Interstate Debenture Corp.—Tenders Sought—
refunds for the
were
The company
obtained
together with.other funds, are to be used to pay upon,
on Jan.
1, 1945, at 105 and interest all of the
$49,121,000 first mortgage 4%' gold bonds of the company now out':
standing.
The $4,577,050 needed, 'in addition to the proceeds of the
1.753,111
103,853
after
realized
years
outstanding
(trustee) ;• St.
interest),
for
demption" on Jan.
_
Pacific
those
.
call
2,188,791
145,970
for fxd. chgs.
Missouri
RR.;
for
moted—
Francisco
Purpose—Proceeds
-
$4,485,160
221,123
,
Preferred
■
crued
$580,521
$577,243
revs
from
Son
percentage
1942.—V.
for renegotiation
1944, since the percentages of net
1943 and
sales
Laclede-Christy Clay Products Co.
V'
1
1944—7 Mos.—1943'
1944—Month—1943.
the
30,
or
Ry. (trustees); Union Pacific RR., and Wabash
:
■y 'e
;;
V' *'
Listing—Company has agreed to make application for the listing of
the bonds on the New York Stock Exchange.
RR.
ending June 30, 1945, has begun.—V. 160, p. 832.
July 31—
Missouri-Kansas-Texas
Louis-
International Railways of Central America—Earnings
*
than
•
renegotiable
on
June
proprietary railroads are Alton RR. (trustee); Atchison, Topeka
& Santa Fe Ry.; Chicago, Burlington & Quincy RR.; Chicago Great
Western Ry.; Chicago, Milwaukee, St. Paul and Pacific RR (trustees);
Chicago, Rock Island and Pacific Ry. (trustees); Kansas City Southern;
Production under Schedule B,
A.
profit
The
authorized
been made
fiscal years ended June 30,
their
or
and, in case of default by-any other proprietary railroad
railroads, to pay its ratable share of the amount of such default. ,
equipment, he said the company had completed 90% of
by July 31, and estimates it will complete 96% of its
production by Sept, 30, the final date of War Pro¬
production
total
by pledge
will provide
bonds
continu¬
substantially higher than for the corresponding period
level
a
of
sales
Note—No provision has
secured
which
trustees, agrees unconditionally to pay to the Terminal company or the
mortgage trustee 1/llth of the sums required from time to time for
payment of principal of and premium, if any, and interest on the
year,
y.."',r"„
total
be further
operating agreement and supplement thereto
an
that each of the proprietary railroads.(other than Alton RR.),
1943.
,
'
of
reports
McCormick, President, in a quarterly, review to stockholders,
the
ing
the
products
months
six
sales.
Fowler
said
of
war
year,
first
the company
1944,
sales
totall
of
fiscal
1943
for
quarter of
985
/
.
I, The Baltimore
than
later
not
Oct.
15,
1944.
Net
?.
■
,•
Kansas
Cooney, President, Aug. 30, said in part:
j.;
"There are now outstanding $524,300 principal amount of Interstate
John R.
debentures, of which $316,960 are owned by F. M. C. Corp. (an
of Interstate and of The Metropolitan Casualty Insurance Co.
from
From
!■
Gross
affiliate
ry.
tenders.
-•
<
has
"Interstate
purchase pursuant to its offer dated
in a
cash
debentures
the principal
its
1944,
purchase of debentures from holders
other than F. M. C. Corp., at the lowest price offered, not exceeding
the- principal amount thereof.
"Any funds not applied to purchase debentures pursuant to this
call for tenders may be used by Interstate for the purchase of deben¬
tures at public or private sale."
"Debentures accepted for purchase must be delivered on or before
ten
days after the mailing of notice of acceptance of tenders,
to
Baltimore
National Bank,
Baltimore, Md., where payment will be
should
held
be
applied
to
the
at
tender
Sept.
15
1st
bonds, series A, due Jan,
mtge. 4%
will
ment
redemption
called for
There have been
be
made
the
at
Harris
as
1,
1961, at 102 and int.
Jack & Heintz, Inc., Cleveland, O.
Savings
Bank,
shares
For
of
class
stock
A
period of
a
ten
-—
Pay¬
Johnson & Johnson
New
of
—
has authorized the listing
preferred
stock,
series A
York Stock Exchange
cumulative
second
of which are issued, and 824,000 shares of
(par $12.50), all of which are issued.—V. 160, p. 433.
$100),
all
The
and
stock
Stroud & Co., Inc.
issue
was
md Barret S.
awarded
to
the
Heddens, trustees.
;
582,000
by
and
State
W.
\
taxes
of
$2,376,852
.
amount
made
were
March
on
and June 30,
31
of
common
the
Oct. 1
report
stockholders
to
1944,
company reports net
Federal taxes, equivalent .to
the
This
outstanding.
Yield
previous
profit
of
$1.94
a
the
the
with
equivalent to
$1.44
revenues
the
ended
year
Government
of
Keystone
compared
June
30,
resulted
1942,
$63,157. ...:
produced
the
with
306,732
net
previous
of 275,368 net tons
of steel
tons
year's
in
$1,092,143 for
of capital stock,
total
of
tons.
were
during
company
Income
the
sales
•Cost
__
of
-
profit
Total
to
"~
Loss
sale
on
Interest
$2,949,096
625,565
1,207,576
invest..
1,296,953
Net
Com.
shs.
Earnings
i*Incl.
52,367
Jr.
Cash
per
1,782;000
465,000
1,251,714
Crl78,200
Cr46,500
„
a.
&
■
947,040
$860,744
795,514
$296,629-
$848,992
757,632
757,632
757,632
.
$1.94
.
amort.
; ;
$606,798
"
$1.44
.
$517,580
$2.37
„
.
$426,823
-
757,632
-
$2.13
$403,033
3%
2.75
1966
3%
2.75
2.15
1967
3%
2.75
2.20
870,000
1968
demand deposits
$615,399
999,331
2,429,601
1,031,741
175,000
1943
"
"
income.,
183,419
193,276
1,665,573
1,557,597
745,872
661,541'
380,214
322,117
1942
$408,045
256,378
175,283
"
'
•
1941
•
$437,095
305,123
215,748
January 1—<
railway-
-
railway
;
income.,
State
of
Board
at
1969
...
cost—'
6,369,910
1,989,450
2,010,154
1,088,128
526,798
1,229,063
815,445
J.) Water Co.—Sale Approved—
Public
of
Utility Commissioners of New Jersey
on
•.
from
ry.
:
2.25
886,000
2%%
2.30
902,000
1970
2.75
"Provision
1958
2% %
2.40
1971
2%%
2.75
Reserve
726,000
1959
2%%
2.50
918,000
934,000
1972
1%%
2.75
Common
742,000
1960
2%%
2.55
950,000
1973
1%%
2.75
Earned
for
for
income
surplus
from
1
—
$263,549
from
Total"
33,925
3,156,800
3,156,800
—V.
deducting
and
tization
of
U.
$935,964 in
S.> Treasury
1943.
tAfter
tax
series
deducting
201,411
1941
$620,265
$526,098
223,489
293,796
264,468
119,318
income.—.
$549,395
199,080
133,308
181,723
175,492
*
3,692,807
1,277,323
771,500
income—
3,543,574 V 3,473,725.
1,256,584
railway
798,398
1,306,633
803,958
,
2,892,686
1,216,132
160, p. 433.
865,673
;
*
Lehigh Valley RR,
Gross
railway..
from
railway
oper.
from
from
Net
ry.
—V.
-•
160,
1941
$7,195,578
$4,965,496
2,917,264
1,449,522
1,606,655
2,198,529
.
railway..
p.
1942
1943
$8,078,823
2,813,544
1,230,014
58,706,646
52,047,430
41,410,413
31.576,342
17,030,800
17,540,898
13,516,423
10,622,324
6,371,419
7,825,103
6,076,160
6,238,134
823,582
1—
railway._j_.
oper.
$8,345,055
1,218,110
„
income.
From January
Gross
Earnings—
1944
July—
Income. 1_
-
'
536.
(The) Lehman Corp.—New Director—
7,925,396
$12,517,614 $11,845,365
—r
"After
194,725
$531,669
•
railway
from
.
a
B.
Earl
notes
of
$2,407,268
in
depreciation and amor¬
$6,835,221 in 1944 and $6,402,074 in 1943.
*
",
"'
Puckett,
director.
Among
Wendell
1944
793,431
railway
ry. oper.
117,036
88,557
8,436,531
—
738,446
170,062
railway
From Jan. 1—
Gross
18,882
289,029
106,218
—
1,215,971
482,783
1,845,081
536.
Net ry., oper..
ry.
59,630
furnace
stock
2,015,493
966,275
259,804
1,992,072
railway..—
p.
from
119,329
taxes—
82,534
17,554.
railway...
income
from
Net
with¬
rebuilding and repairing—
(757,632 shares, no par)
$268,966
110,283
21,450 ' '
16,621
$188,411
70,235
Lehigh & New England RR. —Earnings—
1944
1943
:U 1942
Net
1941
$237,596
July—
Gross
Net
241,322
Federal
income
oper.
160,
Net
liabilities
Accrued
2%%
1957
1942
1943
$238,958
•
January 1—
from
29,376
$368,858
holding and social security taxes
.
.62,665
railway—
railway
oper.
9,690
.
for Fed.
.■
....
1944
34,900
payable
Employees' pay roll deductions
placed in receivership Aug. 21, James K. Allar-
was
appointed receiver.
from
from
8,751
etc
Accounts
1956
company
Net
438,619
6,151,226
subsidiaries
-•
:' " Liabilities--
The
—V.
1,031,741
582,231
stock
$12,517,614 $11,845,365
710,000
$245,845
921,029
2,904,951
:
in
Total
594,000
'
..
$503,395
343,788
Net
'
$804,484
(net)
trade-marks,
charges
578,000
:
$215,542
'
\
326,134
Net
1943
1944
-
and
-
Balance Sheet, June 30
'
tProp.,r plant and equip.,
1965-
.
240,213
$420,845
43,750
$61,174
1944
Net
$1,618,376
757,632
$1,092,143
<-
assets
838,000
854,000
■
43,750
oper.
From
:
«.
$1,796,032
$1,467,301
$596,024
Inventories
806,000
822,000
Vv
.
257,209
$390,543
175,000
$104,924
160, p. 536;
Gross
2,172
871,277
receivable
Accounts
2.10
'
• •
./;>.i;61,982-
$61,081
12.
from
Gross
161,367
....
9,808
share.....
hand
on
2.00
.
;
Lehigh & Hudson River Ry. —Earnings—
38,002
tax
^
3%%
rminal Company.
62,396
$494,916
dice being
449,066
outstanding-
Assets—
3V2%
1, 1974.
38,862
$661,059
railwayrailway
from
Net
698,305
surplus
depr.
2.70
Security—Bonds will be secured by first lien, subject to minor de¬
on all of the lines of railroad, real property, easements, rights-way, franchises and railroad rolling
stock and equipment of the
divs—
—
p.
39,423
9,851
$104,831
stock
oper.
The
''
Balance,
27/e %
nts,
'
deduct.
Lakewood (N.
r
588,000
;V.;
605,000
dividends
1964
527,500,000 2%% bonds due Oct.
215,203
$166,907- :»V $647,752
9,948
$167,227
July—
124,000
surtax
profit from oper*.
Common
1.90
«
320,399
,t'» >• y
other,
&
Net ry,
refund
Deferred
:•
(net)
'•
income
from
Gross
Net
excess
tax
tax, &
profits
2.65
3%-
$622,198
ry.
2.70
3 <fo
$608,329
?Net ry.
50,325
y
•
Excess
2.60
r
$157,055
Net
15,173
Post-war
..
2%%
2.75
173,855
$157,279
income
;" From
1,373,345
35,668
V
Amort, of expenses
27/a%
2.75
205,409
from
$3,742,652
4,757
gen. exp.
of
value
profits
Normal
2%% '
3%
45,400
Net
220,248
$5,140,847
___
Declared
1962
■
67,700
profits
July—
■
Gross
$3,522,404
Federal income taxesr—
1963
-
tax
160,
—V.
$4,515,232
234,819
$5,022,849
...
_
1961
2%%
193,123
1941
1942
$3,183,915
1,080,515
493,356.::
Sell., adm. and
790,000
1955
58,700
Lake Superior & Ishpeming RR.—Earnings—
,
.
1,477
"
?
45,800
Balance
v
—V.
~
year
1943
$4,529,493
—
income
774,000
1954
1,338,052
311,124
income
Inter.
$20,593,364 $15,389,464 $17,429,128 $16,067,497
12,545,093
16,063,871
12,440,368" 12,913,847
..
sales
Gross
$758,000
546,000
$2,669,711
1,408,667
Aug. 28 approved the sale of company for $365,000 to John H. Ware}
1.80
3%%
.3%%
1944—12 Mos.—1943
80,493
Preferred
'
1.65
'
Co.—Earnings—
—
1.50
1953
■
4,
79,439
320,486-
taxes,
?>;•£ "V
*
:
Account, Years Ended June 30
1944
4%
1952
:
$2,726,651
Gross
Net
factory em¬
ployees averaged $60 a week compared with ah average of $50.64 forthe preceding year" and
$37.85 in the 1940 fiscal year.
Employees
with five or more years of service constitute 75% of the total.
the
by
.
operating income
Other
in the
largest
the
major problems to Keystone.
no
paid
•
321,939
excess
Net
company's history.
With respect to reconversion of facilities to peacetime production
when the war ends, W. H. Sommer, President; told* stockholders that
except for what might prove to be excess capacity for the production
of
certain
wire
products created to satisfy War needs, reconversion
present
628.
compared with 234,666 tons shipped in the previous
Sales of $20,593,364
year.
new
'
fiscal year
Shipments
the last
in
287,918
p.
$670,704
the
refund to
net
a
shares of
"
Fed.
..
.
160,
Federal income taxes
of. renegotiation for the year ended June
30, 1942.
renegotiable sales for the 1943 fiscal, year are also believed
to be free from refund for the same reason.
Renegotiation of profits
for
14
2,165,296
and
common,
$663,588
General
of
share
a
new
1944—3 Mos.—1943
expenses
on
3%%
1951
and bond holdings,—V.
Operating
ended June 30,
after all charges and
net. profit
issuance of
shares of
to the parent Ogden Corp. in lieu of all rights, including
757,632 shares of capital
on
for
common
Lake Superior District Power
conclusion
.
Profits
33%%
630,000
serially debentures;
(par $4) for each present share of preferred stock, share
old
Period Ended June 30-
year
$1,467,301
share
compares
fiscal yean,
for
/
-vi.;
in Federal Court were
Hancock Mutual Life
Special
this year.
provision for .renegotiation of profits was deemed necessary due
to the fact that the percentage of profits on the company's renegotiable
sales was substantially below the percentage of profit remaining after
1949
514,000
of
common
stock
vi No
Other
Coupon
10-year
share
new
1943, In addition to four payments of 25 cents made
annual
company,"-he
the
by
-v
stock
for
special dividend of 25 cents per share
a
redemption
The .reorganization plari, which has been approved previously by the
Public Service Commission, the SEC and the Federal Power
Commission, also provides for the issuance and sale by Laclede Gas of
$19,000,000 20-year-first mortgage bonds and $3,000,000 in principal
to
Co.—Special Distribution—
declared
voluntary
Missouri
'
'
•
constitute
•
%
$3,165,890
.....
*
'
not
Insurance, New York Life Insurance and Columbian National Life.
President,
to
from
the
Insurance companies that had filed objections
the Massachusetts Mutual Life Insurance, John
"
v.
"does
decreed."
$0.33 '■
•
Kellett,
rose
'
\
i
-
income
Wallace
it
128,087
$0.23
liabilities
current
v
-
1943
$5,394,900
Keystone Steel & Wire Co.—Annual Reportin
Patents,
398,000
;
*
Operating
:
1950
'
566,000
while
March
1944
*100,053
Federal
public
on
159, p. 2199.
$5,572,615
.
made
directors have
1948
550,000
562,000
Amount
Yield
Coupon
.'
Investments
Maturity
Maturity
Oct. 1
'
' : v
"
reorganization proposal, four insurance com¬
1919 second mortgage bonds, and the St.
Louis Union Trust Co., trustees of $23,000,000 of the 1919 bonds, had
argued that redemption of the bonds at face value plus accrued inter¬
est but without premiums would, violate terms of the bond contract.
In a 37-page opinion, Judge Hulen ruled that payment of $570,000
in premiums on the bonds, which mature in 1953 and 1960, "would
not be fair
and
equitable to stockholders."
Face value redemption
without payment of premiums does not violate the bond contract since
objectors to
Only
panies holding $1,313,000 of
.
Maturities and Yields
mount
'
.distributions
y
bankers at 2.7474%.
A syndicate
(leaded by
the Mellon Securities Corp. named, an interest cost of
2.8080%, while Halsey, Stuart & Co., Inc., and associates designated
joupons with an interest cost of 2.8179%.
Bonds are to be dated Oct. 1, 1944, to mature serially commencing
Oct
1, 1948.
Interest payable April and Oct. I.
Coupon bonds in delomination of $1,000 registerable as to principal only.
Fully registered
>onds in denominations of $1,000, $5,000, $10,000 and multiples of
510,000.
Continental Illinois National Bank & Trust Co. of Chicago
The
made
,
.
which will enable Laclede's parent company,
three years.
v
share
of record
per
holders
to
..were
~
Other ineome
Offered—A group
of investment bankers headed by Dick & Merle-Smith
offered Aug. 31 an issue of $47,000,000 first mortgage
serial bonds, dated Oct. 1, 1944, and maturing from 1948
to 1974. Of this issue, $19,500,000 mature in amounts from
$550,000 to $950,000 annually between 1948 and 1973,
bear coupons from 4% to 1%%, and are priced to yield
from 1.50% to 2.75%; and $27,500,000 are 2%% bonds,
due in 1974, and are priced at 99% and interest. Asso¬
ciated with Dick & Merle-Smith in the offering are:
Salomon Brothers & Hutzler; White, Weld & Co.; Drexel
& Co. and
15
share
1919 mort¬
upheld by Federal Judge Rubey M. Hulen at St. Louis
Ogden Corp., to comply in part with the integration and simplifi¬
cation provisions of the Holding Company Act, has been pending almost
a regular dividend of 25 cents per share on the common.istock, no
value, both payable Sept. 30 to holders of record Sept. li
Similar
•par
City Terminal Ry.—Bonds
Kansas
' '
;
Net
of 49,500
4%
(par
common
Sept.
per
Corp.—Earnings—,
estimated
1, .1944,
Listing of Cumulative Second
Series A 4% and Common Stock—
Preferred Stock,
t.The
T944—32 Wks.—1943
$3,773,991 $33,748,592 $32,113,934
$4,269,033
cents
...
deducting
Wages
832.
p.
shares
Higher—
1944—4 Wks.-—1943
12—
sales
160,
25
was
the
.i:a-
-
30 cents
and in preceding quarters.—V.
Kennecott Copper
will
Period End. Aug.
of
15; this year,
—
Jan.
'
' \
$15,000,000 Class
most of the company's employees
participated, the average subscription being about $2,000.
The money
raised will be put into war bonds to be held in the name of the
company until additional capital is needed, he said.
Employees who
had been with the company six months or more and who were resn
dents of Ohio were entitled to subscribe for the stock.—V. 160, p. 224.
-V.
V;
•'
dividend of
a
$2,468,121.—V. '159, p. 1148.;
,
liquidation ttf the extent of $100.
S. Jack, President, said
-
Distributions
—
since
:,v?William
Retail
"V"'•*
declared
stock,' par' $5," payable
common
•
the stock carries a $5 preferred dividend
over the common stock in
Jewel Tea Co., Inc.—Retail Sales
23
showed that current assets had increased from $2,993,462
at $100 per share.
years
"V'■
Aug.
on
$400,214.
The
statement,
The stock is preferred
cumulative.
is
"-'LAy-'-
bonds,
The reorganization plan,
•
536.
p.
"After
•
that
501,544
Net profit after all charges-—
Earnings per common ; share.——.;
corporate
A Stock Sold to Employees—
The company on Aug. 25, 1944, announced that subscriptions totalling
$18,000,000 had been tendered to the company in connection with its
offering to its employees of a $15,000,000 issue of class A stock.
The company has been authorized to offer to its employees 150,000
1,
367,233
1.
stock
,
487,413
Reorganization Upheld by
—
Aug. 25.
each quarter, were as follows; Marph 31 and June 30, 25 cents each;
Sept, 30, 50 cents; and Dec. 22, $1.—V. 160, p. 628.
Monroe
West
115
<.824,100
551,587
dividends paid in
St., Chicago, 111., or at the Bankers Trust
Co., 16 Wall St., New York, N. Y.—V. 159, p. 1864.
trustee,
1,106,326
income—
Co.
approved May 27 by the SEC but objected to by holders of
gage
>
6 Months Ended June 30—
of Oct. 1, 1944, $40,000 of
Trust
1,277,175
1,414,639
788,939
and June
Sales
$40,000 of Bonds—
Iowa Electric Co.—To Redeem
1,622,472
'
.
Kellett Aircraft
;
2307.
p.
2,286,016
directors
the
on
the
price."—V. 156,
2,384,053
railway
69,429
•
Gas Light
...
The financial reorganization plan of the company, involving, sale of
its electrical assets to the Union Electric Co. of Missouri for $8,600,000,
110,676
147,973
•
(Julius) Kayser & Co.—Increases Dividend—
...
made
67,143
oper.
160,
The
.
unable to
been
sufficient amount to use up the
full amount of
then held and since received as
payments on account of the principal of the mortgages held by it as
reported in its letter to holders of debentures, dated Jan. 31, 1944.
Recently the mortgage of Asheville Biltmore Hotel, Inc., has been
paid in full and principal cash now held amounts to $124,168.'
"The directors have determined that all of the principal cash now
31,
$214,614
85,415
V'.r'V
principal cash shall be applied by Interstate to the purchase of
debentures from holders other than F. M. C. Corp. pursuant to call
Jan.
$273,09i
r
179,446
62,150
<
*'
its
for
$363,773
'
Court—
1941-
1942
1
railway—;•—
from
of
$305,991
January 1—
Net
—V.
1943
146,822
from
Net
leaving
Surety)
railway
railway
Laclede
Ry.—Earnings-
1944
JJet ry. oper. income—
of New
the
8$ Gulf
"
from
$207,340 principal amount held by others
than
affiliates
of
the Surety.
8648,060 of
debentures have been
heretofore retired with proceeds of liquidation of the assets of Inter¬
state. ! V;,':V
;ky.
'
"Under the provisions of the Debenture Agreement, F. M. C. Corp.
may
tender its debentures to Interstate at not exceeding the cost
thereof.
However, F. M.-C. Corp. has agreed with Interstate that all
York,
Oklahoma
July—
.Gross
Corp.),
President of Allied Stores Corp., has been elected
"
'
_
the.other directors of the corporation are J. Herbert Case,
L;
Willkie, Thomas A. Morgan (President of the Sperry
Harold^V. Smith (President of the Home Group of Insurance
Companies) and I. J. Harvey (President of the Flintkote Co.), as well
as
several
partners of the banking firm
of Lehman Brothers.—
V.
160,
p.
119.
'
'
986
at
&
company
v:,J
937.
p.
Net
ry.
income.,.
oper.
earned
Net
ry.
—V.
income—
oper.
160,
770,168
19,045,407
5,061,552
Co.—Acquisition—
share
per
.—-
160,253'
218,753
Taxes
the year
Interest
—V.
160,
50
$259,823
$349,205
$1,617,916
40,047
294,224
391,963
$300,729
$1,323,692
$1,260,247
ry.
160,
p.
order.
292,504
161,968
Net
position as possible.
$3,118,952
164,477
1,155,200
951,466
$438,793
134,941
$615,281
$3,994,374
$2,167,487
32,449
158,777
215,465
08,037
Drl7,171
Dr80,330
Drl20,880
$581,771
$630,559
$4,072,821
10,163
14,962
48,978
$2,262,071
44,819
$591,934
$645,521
$4,121,798
$2,306,890
2,675
(net)
avail,
after
3,419
19,563
28,255
$589,259
$642,102
$4,102,235
$2,278,735
v
—
.
fix.
for
....
fix.
•Includes
chgs._
255,946
1,151,264
28,260
27,917
114,872
33,300
20,367
110,724
(in exc. of
mal
15,589
51,932
operating
$90,531
800
income
not
include
.
$45,341
38,993
interest
being
accrued
$317,767
$316,326
$45,383
39,092
\
__
315,799
272,287
on
corporate
but
books,
being paid currently.
(Including Wisconsin Central Ry.)
Gross
from
from
Net
Net ry.
1944
$4,426,256
.1942
$3,785,411
1,140,972
839,230
965,073
739,558
898,272
30,614,706
8,731,323
6,135,068
25,569,853
6,999,456
4,278,495
22,613,573
5,638,495
3,209,074
19,158.243
railway
income—
oper.
1941
1942
$4,316,285
1,446,884
$3,713,152
1,174,201
railway
i;308,736
From January 1—
$363,130
3,677
$340,688
3,083
$86,458
1,153
'
nor-
depreciation
July—
79,717
(net)
of
depreciation)
Road prop,
110,315
55,700
6,900
-
amort,
defense projects:
Equip,
$1,645,343
1,036,479
$1,769,480
$406,276
-
—
$91,331
39,332
$87,612
51,043
$343,771
169,184
from
Net
ry.
railway—
railway
income
from
Net
$366,807
208,699
$51,999
Interest & other deduct,
5,676,557
$36,568
$174,587
$158,209
i
oper.
Missisippi Power & Light Co.
2,267,318
Net income
1,217,422
4,869,944
2,552,089
lieu of
and
income
dividend
A
alphabetical
of
declared on the common
cents per share has been
40
stock, par $2.50 per share, payable Sept. 15 to holders of record Sept. 5.
This compares with 15 cents each paid on June 10 and Sept. 10, 1943;
alphabetical
since.—V. 157, p. 1946.
none
Bonds Offered
A
—
White, Weld & Co. on 4
Aug. 30 offered $12,000,000 31/s% first mortgage bonds,
due 1974, at $104.4877 to yield 2.90%.
Associated with White, Weld & Co. in the offering are:
Shields & Co.; Kidder, Peabody & Co.; Bear, Stearns &
Co.; Equitable Securities Corp.; Hallgarten & Co.; R. W.
Pressprich & Co.; Tucker, Anthony & Co. and Laurence
profits taxes.—V. 160, p. 225.
excess
—
nationwide syndicate headed by
Michigan Steel Tube Products Co.—40-Cent Divided—
,,
,
10,607,297
$5,149,573
—V. 160, p. 569.
it is not always
reasons
12,373,706
$779,757
income
oper.
charges
charges
Net
$2,400,443 $17,523,279 $13,726,249
1,620,686
taxes—
income
Income
;
; 1944—7 Mos.—1943
$620,535
revenues
181,742
ry.
'
1,782,657
1944—12 Mos.—1943
1944—3 Mos.—1943
expenses
Other income
•In
to arrange companies in exact
However, they are always as near
$2,403,192
—.
tFixed
152,449
7,968,633
3,243,585
1,465,034
11,410,322
4,804,187
1,319,070
11,708,767
4,708,925
1,258,230
NOTE—-For 'mechanical
possible
Net
not
$443,382
284,391
revenues-—
Gross income
income
433.
oper.
ry.
—V.
$823,228
592,073
187,428
1,252,405
633,142
,
Railway-
Ste. Marie
Sault
1944—Month—1943
equipment—Cr_
facility rents..—
Gross
1—
railway
from
$1,413,161
$1,683,062
715,509
212,502
railway
from
Gross
Net
1941
1942
St. Paul &
of
Other
Michigan Gas & Electric Co.—Earnings—
•Charges
1,970,334
1,347,145
year.
Federal income taxes—
1943
1944
income
From January
has been com¬
settlement for
Completed—Under the provisions of an agree¬
upon the conclusion of renegotiation
Period Ended June 30—
$1,744,548
738,567
railway
oper.
Hire
production
war
Operating
7,268,349
—
after
Joint
provision for possible price ad¬
a
the extent of $300,000,
General taxes
'
Net
to
Operating
railway
from
from
Net
This charge has been absorbed against the re¬
contingencies created from earnings during
and the balance of $37,082 has been
reflected as a charge against profits for the six months ended June 30,
1944.
The effect of the agreement has also served to eliminate a post¬
war credit of excess profits taxes in the amount of $80,000 which has
been charged against available reserves.—V. 160, p. 833.
628.
July—
Net
.Taxes
Department
War
the
the
for
1943,
$1,652,209
48,476
"
Net
with
prices for
Louisiana & Arkansas Ry.- -Earnings—
Gross
is
1944,
8,307,980
2,669,324
2,059,040
1,033,574
expenses
railway
Nil
1943.
serve
986
$219,776
p.
30,
166,667
5,864,876
8,720,101
July 31—
revenues
possible renego¬
;
relating to operations for the year ended Dec. 31, 1943,
the company has refunded the sum of $337,082 (after credit for applic¬
able Federal taxes on income)
in final adjustment of war contract
$1,651,223
8,190
funded debt ,Y
on
Total
the provision for Federal taxes on income for the
June
ended
201,422
(Excluding Wisconsin Central Ry.)
Period End.
$0.13
279,986
2,315,177
-
income
Minneapolis,
Net
$0.10
270,322
160, p. 569.
$103,904
——
$1,012,484
275,505
$1,050,016
322,429
88,458
railway
railway
oper.
fDoes
income
Net
$349,154
ry.
—V.
85,000
$718,093
for excess profits taxes and for
Renegotiations
1943
$1,625,688 $12,531,342 $11,324,619
949,299
7,811,662
6,772,863
142,942
1,123,504
1,000,420
>184,293
1,986,451
1,900,112
57
income
Gross
1,284,000
justments under the Renegotiation Act.
This provision
puted substantially on the basis of the renegotiation
1944—12 Mos.—1943
$1,609,726
from
———
government contracts.
months
income™
oper.
Net
proceedings
$259,765
Operating income —
Non-operating income..
Y> 37,082
1,038,500
361,602 is:
1941
1942
1943
$1,182,523
$1,317,993
January 1—
from
Net
after
common
on
Note—Included in
six
...
Corp.—Earnings—
$1,831,131
1,192,359
Operating revenues
Operating expenses
Depreciation
47,419
$661,750
•Includes provision
ment
1944—Month—1943
$236,323
17,031
income
tiation of
2199.
Period End, July 31—
ry.
Gross
•Total
Main,
Angeles Railway
$2,019,124
68,621
preferred dividends
Los
Net
railway
railway
from
*
6,323
15,225
10,614
$1,805,952
1943
Net
President, on Aug. 25 announced that this company
has acquired the mill, warehouse and all other
ptoperties of the
Wasco Milling Co.. The Dalles, Ore.
<
»
.
This brings to four the number of, mills owned by Loose-Wiles and
to 24 the number of manufacturing plants operating from coast to
coast.
Possession of the new property will take place Sept. 15.
The
ultimate investment will be about $1,000,000, it was said.
V. 159,
>
Net
refund
renegotiation
over provision
•JProv. for Fed. inc. taxes.
720,566
,
from
Gross
$204,161
7,640
14,175
16,626
income
Earned
Loose-Wiles Biscuit
Hanford
$1,980,684
18,211
14,623
20,248
purchases
on
Total income
536.
p.
$1,752,871
divs. received
&
earned
Sundry deductions
15,230,107
4,228,535
1,^5,645
24,503,084
6,879,431
2,277,816
25,867,598
6,104,218
1,398.145
railway..
from
Net
$2,626,661
977,234
267,409
$3,522,450
1,500,926
$4,615,589
2,157,022
1,142,355
Other
Excess
railway....
from
1941
1942
1—
Prom January
Gross
2,006,627
1,017,816
railway
from
Net
$4,823,754
railway
from
Gross
112,423
Operating profit
Discount
1943
244,977
1944
.July—
•
From
/
1944
July—
1942
$4,938,247
4,621,663
property-
Deprec. & amort, of fixed
Int.
Long Island RR.- -Earnings—
1943
$7,634,881
5,409,221
279,559
-
of sales and exps
Cost
"
'
"
•
sales
Net
1944
$10,116,457
8,084,027
30—
6 Months Ended June
has called for redemption as
its outstanding 1st mtge. 5% sinking fund
of
Minneapolis & St. Louis Ry.—Earnings—
Maytag Co.—Earnings—
Ry.—Partial Redemption—
of Nov. 1, 1944, $15,000
bonds, due Nov. 1. 1959,
102 and int.
Payment will be made at the Central Hanover Bank
Trust Co., corporate trustee, 70 Broadway, New York, N. Y.
V. 159,
Litchfield & Madison
The
M. Marks & Co.
Louisville & Nashville RR.
17,832,583
6,776,754
17,500,779
14,943,628
Net ry.
6,101,557
3,777,855
2,232,300
1,678,706
2,232,902
railway.... 124,429,941 120,568,515
railway——48,149,467 53,854,888
90,223,627
65,380,402
34,813,977
22,011,298
15,410,730
11,704,390
13,723,939
income—
oper.
1—
From January
from
Gross
Net
from
Net
ry.
—V.
160,
14,454,905
income
oper.
r
Admin,
.taxes,
rentals,
and
June
1,
15,686
58,297
182,543
Ipcc
$509,464
4,016
$257,421
5,035
31,409
$520,888
$513,480
$262,456
$302,454
"
1
of
59,743
167,275
&
general
$346,205
$185,735
$0.15
$0.12
ministrative
$0.06
Earnings per share
—V. 159, p. 2199.
,
6 Mos. Ended June 30—
,
share
$4,399,654
419,664
$6,403,295
>515,132
income—
$3,469,341
677,896
$4,819,318
671,607
$6,918,427
1,360,743
$7,567,527
1,418,909
410,005
214,863
767,323
473.283
net
Period End.
Operating
July 31—
income
No
$1,583,546
1,152,774
provision
the
Equipment
facil.
Jt.
rents
rents
(Dr)
oper.
income-
8,452,360
1,749,772
1,678,357
Cr31,038
21,861
Dr89,288
04,892
154,099
Y 143.440
$170,456
$1,081,429
70,008
345,981
24,546-
profits
excess
assets
of
On
made
income—
—
$119,693
Y;.;
67,565
Net
tax
less
for
adjustment
any
which
from
1943,
30,
were
Gross
;
income—
$187,258
Net
-V.
$240,464
$1,427,410
Gross
from
assets
current
160,
1,010,623
income
1,077,985
$43,876
$85,881.
$416,787
ry.
—V.
$1,052,781
'
$6
Net
Mangel Stores Corp.—$3.25 Accrued Dividend—
accumulations
the
a
$5
ages
1942
42,962
income
43,785
20,903
1,068,759
471,773
828,466
" 319,237
247,106
154,286
22,310
1—
:
983,936
319,138
income—
oper.
160,
536.
p.
Profit
137,296
The
be
call
derived
tional
not
connection
with
company's operating
bank
yet
Is
arrangements proceeding for the transfer
to the City of San Francisco.
properties
conditioned
upon deposit of funds necessary which will
$2,000,000 cash payment by the City and addi¬
against the sale contract, the terms of which have
announced.
There were $3,759,500 of the bonds out¬
from
the
1944
standing March 31.—V.
160,
p.
1943
Merchants Refrigerating
This
Co., N. Y.—Makes Purchase
interest
accrued
to
i*
the
^
fy
139,622
1,435
$12,485
565
$13,050
—1,554
taxes—.—.
6,457
1,136
,3,492
$16,685
$8,421
(no par)
par)
(no
charges
income
<
profit
etc.
__—
Dividends paid
Earnings
per
—
share
10,000
-
/
——
Balance
Sheet,
May
>
outstanding
the
bonds is otherwise limited by property
other provisions of the mortgage and deed
Securities and Exchange Com¬
1944, Electric Power & Light Corp. acquired
series
1974
and
ratios
dated
May
and
or
this
13,
$0.08
$0.16
1944
31,
thereto
an
owned by Electric, to be stated upon its books at
increase of $2,250,000. Company proposes to effect
in the common stock liability by transfer¬
$2,018,200, being the present stated value of the said
preferred stock, $680 representing existing capital
$231,120 of earned surplus.
20,182 shares of $6
and
surplus
1
l
cash value
life insurance policies,
Liabilities—Capital stock
$12,786; total, $246,713.
shares
(100,000
p.
no
par), $210,000; surplus,
1534.
Prop,
Prov.
The
directors
have
declared
a
dividend
of
30
cents
per
o».
$9,005,923
4,909,333
363,111
333,852
358,464
865,000
940,000
820,000
800,000
811,728
806,960
833,652
849,407
1,241,400
856,518
539,920
—-
inc.
Net oper.
Other
&
on
Other
$1,543,558
$1,581,600
$1,569,165
.
4,366
1,886
630
—
$1,547,925
$1,583,486
795,833
$1,569,795
43.849
75,934
48,810
Cr2,361
$670,231
$656,530
mtge. bonds—
of
int.
debt.
the
Sept.
Paid
1943
500,000
15
on
to
June
10,
last,
and
15
cents
common
1.
This
on
March
stock,
par
10.
1944.
cents
$1,
with
compares
as
follows:
May 10 and July 15, 10
and Dec. 10, 35 cents.—V. 160, p. 731.
were
15 cents;
outstanding shares of
holders of record Sept.
payable
cents
20
Payments
each;
Sept.
Int.
chgd.
disc.
775,000
Misc.
—
deduct—
64,437
to construe.-
amortization
$1,396,753
V
958
$1,397,711
800,000
800,000
&
"40,821
—
&
301,813
V
Cr7,366
revenues—
income
4,813,415
excess
income
Gross
$8,519,855
$9,943,782
5,385,592
profits taxes
expense
-
share
taxes
for
,
348,566
—
retire, res. appro.
General
•
12 Months Ended Dec. 31
1942
1941 "v
1943
$10,285,152
—5,474,898
—
Maintenance
Int.
Minneapolis Brewing Co.—Larger Distribution—
of Earnings
12 Mos. End.
May 31, '44 -
,
Operating revenue
-f'
_■.
Assets—Cash,
$172,313; accounts receivable, $1,369;
merchandise
inventory, $47,548; securities owned, $10,150; equipment, furniture,
fixtures and autos (depreciated value), $943; deferred charges, $1,604;
Mississippi.
Electric and
with SEC wherein it is
of $2,250,000
increase
ring
$12,267
>10,000
$0.12
5,000
1100,000 shs.
11,500,000 shs.
—
'
2,000,000 >■
"86,440 'Y
44,476 shs.
500,000 shs.
tAs authorized by order of the
$4,750,000,
$24,560
5,122
7,170
credits—
$12,000,000
proposed that Electric transfer to Mississippi, without cost to Missis¬
sippi, said 20,182 shares,
being all of the $6 preferred stock of
Mississippi owned by Electric and Mississippi, upon such acquisition,
cause
the said 20,182 shares to be cancelled and its common capital
stock liability, represented by the 500,000 shares of common stock now
$13,806
10,753
income
debt
the
to
outstanding
154,958
expense—
long-term
due 1974 $12,000,000
due 1945 to 1954
2
2,000,000 >
stock
Operation
Net
Outstanding
sev.,
Summary
Federal
■■
Stock Giving Effect to Present Financing
3Vit%
.
has offered to purchase the stock of the Terminals &
Transportation Corp., Buffalo, N. Y.f at $11.50 per common share,
provided two-thirds of the 78,244 shares outstanding are tendered by
Sept. 28.—V. 158, p. 1173.
company
at
1945 to IOOV2
redemption.
bonds,
earnings
Amort,
Offer—
with
shares of $6 preferred stock of
Mississippi have filed a joint declaration
1942
$152,108
,
$23,262
and
operations
$36,713; total $246,713.—V. 158,
833.
together
20,182
$212,186
198,380
income
loans
been
redeemable at
redemption..
for
notes
mission
746,848
308,420
177,749
$24,697
cost
from
Gross
outstanding first mortgage sinking fund gold bonds have *
been called for redemption as of Oct. 1, next, at 100 and interest.
Payment will be made at the Wells Fargo Bank & Union Trust Co.,
trustee, 4 Montgomery St., San Francisco, Calif., or at the office of
Ladenburg, Thalman & Co., 25 Broad St., New York, N. Y.
the
thereafter,
cumul. pfd. stock
and
of the
This is in
will be
Bonds—Bonds
required, will be used to redeem at 102'/2%, $15,000,000 first mort¬
gold bonds, 5% series due 1957.
addition
-
.
$178,220
Miscellaneous
Market Street Ry. Co.—To Redeem Bonds—
of
100
for
fixed
of trust,
.
sales
Miscellaneous
All
at
amount of bonds and notes assumed
at the time the company
acquired the utility property and service
rights in certain communities.
tThe maximum authorized by the
mortgage and deed of trust is $250,000,000 but issuance of bonds in
1941
$125,887
58,191
39,330
$121,786
75,305
railway
Merchandise
at June 15, 1944 amounted to $8 per share.—V. 158, p. 2048.
as
of
in whole or in part, at any time on
redemption prices ranging from 107'/a
company
notice
•Represents
1943
dividend of $3.25 per share on account
preferred
stock, no par value, payable
Sept. 15 to holders of record Sept. 5.
A similar distribution was made
on June 15. last, as against $1.25 per share on March
15, 1944. Arrear¬
on
fixed
Common
Milnor, Inc., Los Angeles, Calif.—Annual Report—
160, p. 536.
The directors have declared
the
Miscellaneous
225.
$167,392
41,883 ,*
Year Ended May 31—
of
to
of
and continuing
the initial issue
Authorized
result
$41,123,476,
were
p.
$144,130
railway__
from
Net
$2,130,766
154,583
143,382
Deducts.—rtls., int., etc."
Prices
of
and
1973
Serial
$8,228,309.—V.
railway-—
From January
408,014
Net
'
1955
during the 12 months period ending Aug. 31,
fist mtge.
RR.—Earnings—
railway
oper.
post-war
may
1944
from
be
contracts.
war
July—
$1,722,752
-
in
the basis of
gage
June
June
liabilities
current
Net ry.
ry.
Redemption
days'
Long-Term Debt and Capital
30, 1944, were $42,452,654 and current
$7,713,594, including reserve for 1944 Federal and State
were
as
income.
on
Gross
$1.79
.
;
Net
Other
(on
amount)
,
Midland Valley
7,303,384
189,908
—
Federal
for
1944—7 Mos.—1943
$1,496,548 $11,526,948 $10,852,825
Crl,729
Taxes
$1.03
$3,056,135
$1.64
renegotiation of
Current
and
1,145,361
bids
Purpose—Net proceds (estimated $12,327,400) from the sale of the
$12,000,000 bonds, and $2,000,000 promissory notes, together with such
additional cash
(estimated $1,048,000)
from general funds as may
2,619,200
$3,317,111
.
,
taxes
288,262
expenses
1,473,250
$1,928,648
492,500
provision has been
from
tOn
2,004,200
$1,888,941
$1.02
on
•Includes
Earnings—
1944—Month—1943
•
revenues——
Operating
Other
103.52.
v
income
liabilities
Maine Central Railroad
30
date
—
share
Per
$$2.23
"After depreciation, obsolescence, Federal taxes and State taxes.
343,047 shares.
$On 114,349 shares.—V. 160, p. 328.
of
replacement fund or the current sinking or other fund requirements,
or
with such proceeds of the release of property as must be applied
to retire bonds, at special redemption prices ranging from 104 V2
if
redeemed during
12 months period ending Aug. 31,: 1945 to 100 V2
in
1973 and
100 thereafter, together with accrued interest to the "
surrendered
abandoned
Net
1941
h
bid
Special Redemption Prices of Bonds—Bonds will be redeemable upon
notice with cash deposited
with the corporate trustee for the®
•Prov. for Fed. and State
$255,196
$$2.65
in
$6,749,539
817,987
refund.
$$2.78 >
t$0.79
a
Fund—Commencing
is designed
1974,
principal
option
redeemed
2,938,703
$3,259,277
210,064
and
$0.09
<
the
credits*-•
taxes
1942
on
to retire $2,400,000 of bonds issued
under the mortgage or to cause the waiver of the right to the authen¬
tication and delivery of an equal principal amount of such bonds.
General
3,033,249
28
W.
Other
or
including
date
1,585,972
1,583,998
Aug.
follows:
as
103»/«;
$12,000,000
1944—6 Mos.—1943
Depreciation & depletion
$260,815,
$303,738 J
and
on
ad¬
&
were
Inc.,
Sinking
on'
$15,829,945 $15,908,561 $30,471,792 $26,188,621
10,986,670
9,922,935
21,035,248
16,500,378
expenses
income
Total
on
stock
common
$317,516
and
"
.
1943
1944
$271,496
profit
Earnings per
1943,
15,
least
Net profit from Sales-
Other
McQuay-Norris Mfg. Co. (& Subs.)—Earnings—
•Net
p.
stock
common
Dec.
Co.,
like
41,639
76,721
$461,145
depl. and amort.
income
160,
the
on
and
629.
7
1944—3 Mos.—1943
sales
$271,045
238,413 '
.
Sept.
rpturnQ
allowances
and
215,914
399,790
made
were
on
1942.—rV.
Period End. June 30—
Leaseholds
Net
each
15,j last,
$545,255
$465,550
55,338
Other income
.beprec.,
22.
cents
10
June
Sell.
>
.—_
income
Sept.
of
and
Cost
;f Profit —J.!
Total
1941
$455,650
lease
leases
abandoned, etc.
record
20
awarded
was
Blyth & Co., Inc. 103.269; Halsey, Stuart (
C. Langley & Co., 102.9179 and Kuhn, Loeb
& Co. and Lehman Brothers, 102.509, al) as 3V8S.
Bonds are dated Sept. 1, 1944; due Sept. 1, 1974.
Interest payable *
March 1 and Sept. 1 at principal office of Irving Trust Co., corporate
trustee, N. Y. City.
^
&
Mid-Continent Petroleum Corp.—Earnings—
1942.
$827,212"29,334
28,189
expenses
Co.—Earnings—
1943
1944
$893,530
incOirie.
expenses,
of
Distributions
March
issue
The
submitted
21 declared a dividend
Aug.
on
March 25
3 Mos. End. June 30-f—
Net oil and gas
Operating
holders
536. -y.
p.
Louisiana Land & Exploration
Payment
Quarterly
of 15 cents per share
on
the common stock, par $1, payable Sept. 15 to holders of record
Sept. 5, and an initial dividend of 7.222 cents per share on the
cumulative convertible preferred stock, par $10, covering
the period
from date of issue Aug. 9, 1944, to Sept. 30, 1944, payable Oct. 2 to
The directors
10.294,679
7,470,829
2,006,955
railway
from
Net
railway
from
Gross
Co.—Increases
Hone
Common Stock—
on
1941
1942
1943
1944
July—
Micromatic
-Earnings—
____
71,820
„
48,810
69,895
96,743
In
15,
Net income
The
—
interest charge for
$570,923
$479,005
the first full year on the $12,000,000 of the
■
?
\
Volume
1974
series
will
be
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4313
160
will
bonds
$43,875.
-•
'
be
•.
..
,
.
-■
is
pany
In
of
subsidiary
a
and Share
Electric
Co. "
Power
Light
fe
in
four
Of
the
and
communities;
total
operatng
"Net
—V.
Kidder, Peabody & Co.
850,000
850,000
850,000
850.000
850,000
Tucker, Anthony & Co.
L.
Co.
Mitchum, Tully & Co.
Moore, Leonard &
the
Redpath
Alex.
Pirst of Mich.
The
27
v
160,
300,000
ry.
ry.
Net
ry.
—V.
Gross
from
$253,991
$295,955
$267,625
Net
163,391
142,919
Net
ry.
35,849
21,336
61,929
82,661
1,804,340
1,766,019
776,096
226,161
1,783,525
1,476,228
897,018
711,335
394,975
378,276
income—
1—
160,
—V.
679,396
219,558
The directors
share
the
on
169,924
Aug.
on
and
Net
ry.
dividend of 30 cents per
special dividend of 1%
4,279,831
3,229,986
Net
ry.
2,365,166
1,903,466
railway-
income
From January
from
Gross
Net
from
Net
ry.
—-V.
43.408,323
11,393,726
4,123,063
oper.
14,959,311
4,096,960
income—
Rent fr. lease
28,335,801
18,816,483
tPfd.
other
8,206,837 U 4,904,373
4,338,457
2,148,261
to
Net
!
railway™:;.,
from
lrom.
oper.
ry.
Net
31,986
Net
from
Net
ry.
—V.
5.956,858
90,087,832
35,912,090
26,078,674
$2,194,442
income..^
$9,668,413 $11,782,073
$2,397,545
1,304,303
1,322,666
5,428,372
5,269,604
*
>
2,288
419
...
Co.
in
equity
Inc.
503,269
1,269
Net
Net
from
Net
ry.
•vr From
ry.
Gross
&
329,405
328,319
3,346
4,648
other
4,857
342
18,732
151,001
113,184
Net
ry.
728
4,717
16,000
tax
6,899
50,700
; 49,099
$1,108,356
$3,989,281
$5,942,996
"v
■
$6,324,796
: 349,480
*.
-
,1,
*45,977
24.482
oper.
2,094,070
615,534
161,
p.
income—
earned
after
4,107,079
income
Statement
from
ry.
of
Income
treating
335,617
New
$117,966,217;
third
Announced—
processes,
$421,332
$150,272
$1,174,804
and
Monsanto
Reslooming,
dislocations.
'■y)■
process
was
■.
'-
Sheet, June 30, 1944
securities
advances,
and
Operating
,
heat-water-and-chemical resistant plastic, minimizing shrink¬
increasing wear, and prolonging the life of a trousers' crease.
The process* greatest possibilities are seen in wool; however, Resloom¬
ing also is effective on cotton, rayon, linen and aralac.
The plastic used in Reslooming and waterproofing is a member of
the family known as melamines, first synthesized over 100 years ago,
but available commercially in this country only since 1939.
It was
te
:
•
•:
,
2,396,000
4,519,000
1,719,000
;•
Railroad—Earnings
*Ry.
'Net
10,836,814
14,428,639
1,385,885
1,598,241
5,847,435
7,939,883
1,494,892
1,610,615
7,342,327
9,550,498
320,780
110,578
income—
income
deducts,
Misc.
$
62,557,302 419,302,337 403,857,926
38,590,539 3 02,081,242 256,736,715
income-
oper.
ry.
-tV *••••'■
i's
?
60,797,135
Equip, and jt. facil. rents
Other
$
$
42,727,001
expenses
accruals
tax
J'.-
■••■>
■
1944—7 Mos.—1943."
1944—Month4A-1943
July 31—
revenues
Operating
jnc#
from inc.
consoli¬
outstanding
stock
for
2tv8.il
65,588,884
11,584,380
82,964,843
1 0,095,554
40,047,831
11,743,069
54,060,814
11,324,336
51,790,900
2,025,034
65,385,150
817,569
7,021,547
3,740,413
fixed
' 9,439,920
3,862,507
49,765,866
27,865,360
..
**«"> ■ *
64,567,581
26,666,925
3,281,134
5,577,413
21,900,506
37,600,656
6,695,186
10,224,100
37,878,291
55,349,920
fixed
*
charges'—
,
*Incl.
charges
chgs.
v '
.
**
* 41
■
,■
profits
excess
-V.
and
inc.
Fed.
taxes
160, p. 834.
Connecting RR.- -Earnings—
York
July—
from
Net
ry.
railway—
railway
income
oper.
From January
Gross
from
Net
from
Net
ry.
1943
1942
1941
$246,473
1944
$276,188
163,666
169,174
•
from
Net
subsidiaries,
$224,223
76,452
160,102
$425,268
310,930
290,038
1,724,261
966,210
1,098,442
2,657,756
1,996,410
1,888,249
102,212
162,743
1—
1,574,718
1,780,174
882,180
1,061,026
railway.—
railway—
income—
—V. 160, p. 570.
oper.
New York, New Haven &
r
632,855
797,830
Hartford RR.—Earnings—
1944—Month—1943
Period End. July 31— >:
Net
oper.
oper.
Inc. avail, for
3,762,306
$1,132,388
$2,683,954
fix. chgs.
,
income
"Net
—™™
$
$
3,440,860
1,708,647
2,143,352
income™
ry.
15,920,443 107,822,744 103,372,989
15,790,299
revenue
1944—7 Mos.—1943
$
$
Total
:
•
the Securities and Exchange Commission
approve the sale of 3,000 shares (par $100)) of Memphis Generating
Company's common stock to Memphis for $300,000 in cash.
National,
which
holds 47,000 shares of the Memphis stock,
would dispose of
3,000 under a "general program of liquidation," its application said,
Memphis would cancel the shares.—V. 160, p. 226.
|
has
company
asked
•Includes
Boston
accrued
Service. Corp.—Auction Delayed—
of Jersey Central
Power & Light Co. scheduled for Sept.
1 was postponed to Sept. 6
pending an order of the SEC approving the sale.
The shares are
pledged as collateral for $20,000,000 National Public Service Corp. 5%
The
sale
debentures
auction
at
1978.—V.
of
of
712,411
common
shares
160, p. 731.
20,570,682
22,579,801
14,340,531
16,889,062
$9,776,398 $14,043,459
said
Net
properties
.•
Net
from
Net ry.
:
Boston
Terminal
Co.
railway
income
:—
-
ry.
1941
1942
$905,645
70,686
*60,062
$985,847
250,627
152,111
$613,600
$809,859
192,451
105,518
112,221
27,626
"■:
3.494,682
railway.—
5,601,215
4,953,645
4,348,992
railway——
383,684
662,237
650,149
340,055
income—
*313,229
152,134
99,677
•209,979
from
from
bond
capital
rejected leases.—V. 160, p. 631.
Ontario & Western Ry.—Earnings-
railway--™
oper.
and
taxes
after fixed charges on the present
From January 1—
Net
National Sugar Refining Co.—V.-P. of Subs.—
for
'-V'.'VJ1944 :1943
from
Net
;
properties;
income is also
July—
Gross
estate taxes on Old Colony and
also accrued and unpaid charges
unpaid real
structure but excluding rents under
Gross
■
and
Providence
and
against
interest.
New York
National Public
process
treatment is accomplished through immersion, spraying or
sponging—either at the mills or in the home—with what is identified
technically as a fine collodal dispersions of polymerized silicia or
quartz.
In other words, individual fibers are coated with highly
purified submicroscopic quartz dispersed in
The third new process—as yet unnamed—likewise involves external
treatment of fibers.
Water-repellent qualities are impartd through
application of a tough plastic, which is impervious to water and
highly resistant to heat and chemicals.
!" Reslooming. on the other hand, impregnates individual fibers with
tough
■>:
shares, $98,456,795;
Would Sell Stock of Unit—
The
wool.
-)V
age,
Co.—Work
//•
—-26 Weeks Ended
$34,857,000 $36,996,000 $68,334,000 $70,757,000
160, p. 330.
Gross
to
Syton
a
592,854
624,452
,,
described as
to cotton, rayon and
the company said, this
■-
Jun. 28, '43 Jun. 26, '44 Jun. 28, '43
$
$1,110,762
,,
■
/
,
new
1,950,971
1,851,983
construction- $31,133,000 $34,258,000 $61,134,000 $66,991,000
and convs.
1,530,000
1,019,000
2,681,000
1,370,000
ship
Period End.
Cr21,495
4,717
49,099
(less 12.810 shares in treas¬
accounts payable, $14,251; accrued
$328,550; long term debt called for redemption, inch premium and interest
(cash in special deposits), $186,875; $6 pfd. stock retired, inch accumu¬
lated
divs.
(cash in
special deposits), $207,871; res. for losses or
adjustments with respect to capital assets, $6,994,908; reserve (ap¬
propriated
from
capital surplus),
$281,378;
capital surplus, $199;
earned surplus, $12,653,490; total, $119,221,104..
considerations
qualities
3,446,853
'' ''
Hydraulic turb. & acces.
•
/■:.
and other work—2,194,000
cash in banks, on demand,
Liabilities—Common
imparting waterAs with the Sytons
does not alter or
impair the original and desirable qualities of the basic fibers.
,
The company
emphasizes its belief that the processes will sub¬
stantially decrease consumer costs in their relationship to product
values, while at the same time giving added strength to such basic
industries as wool and cotton without creating widespread economic
A
2,063,727^
Ship repairs
349,480
22,078
728
50,700
$699,342; special cash
deposits, $394,788; dividends receivable, subsidiaries, consolidated, $150,043; other current assets, $750; deferred charges, $9,658; reacquired
capital stock (17 shares common stock), $307; total, $119,221,104.
Co.—Technical Aspects of New
Reslooming.
repellent
75,283
1,632,510
5,153,609
3,138,769
1,108,881
6,228,007
3,719,782
income—
Net inc. aft. fxd.
7,313
342
6,899
4,691
....
Assets—Investment
941,575
,
railway
Jun. 26, '44
$1,492,563
95,779
82,17$)
Balance
associated with three newly-developed tex¬
which grew out of research to improve GI
fabrics and which are seemingly destined to have a profound effect
on
the post-war textile industry,
were made public on Aug. 26 by
this company.
J
"•
• '
Compounds credited with the ability to make sheer stockings runresistant, remove the shine from serge suits and make fabrics longerlived
were
identified by the company as the Sytons.
It was also
announced that a unique and revolutionary process to make woolens
shrinkproof, wrinkle-resistant and more durable will be known as
Technical
tile
68,313
200,710
—13 Weeks Ended
Only)
$1,583,927
tax
ury), 5,456,117
Textile Processes
236,451
159,696
.
1—
railway
oper.
-
$222,456
442,586
■
212,945
-
1941
$462,599
Performed—
taxes, $96,787; liquidation account, Tennessee Public Service Co.,
Chemical
236,442
income—
1942
.1943
$783,665
1944—12 Mos.—1943
$260,605
$524,201
_
income
(Company
16,000
1
income
Net
1,881,173
903,567
1,270,027
289,446
149,059
—V. 160, p. 570.
Total
1944—3 Mos.—1943
deductions
etc.,
'
-'
.....
Expenses
3,067,409
2,412,679
2,926,022
1,453,326
754,250
6,212,237
3,565,546
945,662
.
.
.)«■j
unearned.
or
dated,
3,857,514
2,120.661
848,668
$510,517
adjustment
Period Ended June 30—
Total
569.
Monsanto
from
Total
$786,851
surplus
of $51,875 overprovision for Federal
capital stock tax applicable to the six months ended June 30, 1942.
tFull dividend requirements applicable to respective periods whether
189,841
3,984,170
railway
railway——
from
$1,183,116
743,090
- 306,009
8,325,300
$642,639
-
-
,
deduct.
income
337,819
46,930
1941
1942
1943
(Including All Leased Lines)
95,779
v
43
credit
■"Net
January 1—
from
Net
—V.
261,762
income
.
RR.—Earnings—
4,667,180
railway™™'™
oper.
Net
474,364
"2,456
$1,218,689
82,178
$542,427
railway.
oper.
,
653,103
railwayi™_
From January
New
$546,901
railway
from
..
,
1944
from
from
$5,850,432
$4,398,404
335,617
....
Inter.
Federal
Gross
,
436.
»
.
$4,397,540
864
146,098
excluding
taxes,
Federal
•
•
.
$1,072,591
,
taxes
1941
$582,441
r
7,507,252
3,225,724
_
New York Central
shown
(as
Other
Inter.,
$578,113
prior lien
$7
*
104,697
railway™.
railway™—.. 1
income-.
p.
Net
-V.
Taxes, excl. Fed. income
1942
the
on
$5,850,432
$4,397,540
$1,072,591
$889,720
$889,720
income
12,010,732
1943
share
per
489,939
July—
Gross
of
_.™_™
Expenses
18,458,087
1944
cents
$1,245,942
671,311
127,539
income™
Totals
$889,720
Federal
60,527,497
.
on
New Orleans Texas & Mexico Ry.— Earnings-
Monongahela Ry.- -EarningsJuly— '
made
-
opev.
—V. 160,
equity of&N. P. &
Total
833.
p.
preferred stock, $7
June 15, this year.
lien
prior
were
$1,092,984
-
8,497,319
8,260,576
1,984,025
2,073,602
Comparative
railway—..
oper.
160,
3,462,696
127,192,354
56,899,104
58,412,913
18,936,559
24,976,270
2,954,009.
134,702,695
v
"
above
1943
9,147,661
$4,381,570 $17,928,989 $20,279,392
and
public.™
applicable
to
1—
railway
from
public
Other ^income
2,825,257
income—
From January
Gross
18,805
$4,268,044
—_
subsidiaries
3,911,979
9,199,851,,
ry.
National Power & Light Co.:
Date
8,055,158
.
6,751,834
$4,355,791 $17,824,994 $20,213,617
25,779
103,995 :',
65,775
(net)
minority interests
1941
1942
$20,691,110 $20,089,557 $16,734,494 $10,756,417
railway
41,671,091
13,290,887
5,289,679
20,932
4,103
$4,236,058
to
Balance,
July—
the
on
87%
'
from
from
Gross
deductions
Portion
Pacific RR.—Paying Five Bond Issues—
1944,.
mailed
be
January 1—
Net
$4,351,688 $17,804,062 $20,194,812
$4,231,416
...
income
divs.
Net
Earnings for July aiid Year To
will*
dividend
the
Newport News Shipbuilding & Dry Dock
L,
Net
Gross
of plants
income
Interest
trustee, on August 15 announced that he would
pay on Sept.
1, 1944, from trust funds in his hands, the principal
amount of the below mentioned bonds which were outstanding in the
total principal amount of $140,500, together with all interest accrued
thereon to Sept. 1, 1944:
(a) The Pacific RR. (of Missouri) first mortgage bonds;
(b) The Pacific RR. (of Missouri) second mortgage bonds;
s
(c) The Pacific RR.
(of Missouri) Carondelet Branch first mort(d) The Pacific RR.
(of Missouri) St. Louis City Real Estate re¬
newal mortgage bonds;
*
'
. <•
'•
(e) Missouri Pacific Ry. Co. third mortgage bonds.
Payment is being made at the office of J. P. Morgan & Co. Incor¬
porated, paying agent, 23 Wall St., New York, N. Y.
Gross
1,577,028
4,642
Gross
Thompson,
Guy A.
1,633,567
(net)
160, p. 569.
; ...Missouri
2,792,568
1,302,411
approp.
revenues.__
43,462,181
12,359,134
4,602,474
6,404,681
9,957,566
3,021,469
.
Balance
47,421,562
railway
oper.
10,695,745
1,105,045
taxes
taxes
Net
1—
railway
of
railway™.
railway-™™
oper.
From
$20,687,242 $19,981,261 $84,632,532 $87,198,303
expenses™..
Other
$4,952,099
1,423,734
769,829
for
1944
Net
$6,676,362
2,007,056
797,717
2,586,050
423,156
lien
giving effect to the current payments, will amount
share on the $6 stock and to $69.12% per share on
from
3,168,314
1944—12 Mos.—1943
prior
15, 1944, and in each quarter during 1943
of 75 cents per share on the $6 prior lien preferred
July—
9,050,901
(& Subs.)—Earnings—
the
on
Aug. 31 on the following basis:
lien preferred stock,
$6 dividend
payments
stock.—V..160, p. 2306.
2,476,521
Prop, retir. res.
1941
$3,512,004
1,293,763
- 758,880
1942
1943
$7,521,199
railway
oper.
$7
6,749,037
1944—3 Mos.—1943
To Pay Three-
—
dividend
a
New Orleans & Northeastern
income
'
Co.
after
per
from
1942.—V. 160, p. 435.
1944
from
the
v
Net
435.
year.—
March
dividend
a
$59.50
10,970,318
p.
last
record
prior
share
per
Similar
stock.
14,955,635
revenues
Other
Missouri-Kansas- Texas RR.—Earnings—
from
and
of
the
on
on
dividend
a
stock
23,615,625
160,
Federal
Co.—-Special Dividends—
24 declared a special
stock, par $5, and a
v. July—
Gross
series.
24,946,584
Operating income
Net
and
railway—,.
oper.
week
Subsidiaries;
on
April 17 and Dec. 31,
on
504,783
Period End. June 30—
the class B stock (par $1), both payable Sept. 30 to
holders of record Sept. 8.
This compares with 10 cents per share on the
common stock and one-half cent on the class B stock paid on Oct. 22,
1943,
233,019
• •
$1,716,633
563,159
341,875
declared
Checks
arrears.
share
$1.31%
company
Gross
Operating
common
share
936,284
income
Operating
cents per
series,
to
r ' '1941
1942 1
$2,626,545
1,115,985
1944
National Power & Light Co.
569.
Missouri-Kansas Pipe Line
■
1943" -' '
$3,540,096
831,554
„
its
19, 1944, was 63,613,254,
corresponding
Service
24
stockholders
per
Net
income—
p.
St. Louis Ry.—Earnings—
for
compared
increase of 1.30%.
an
of
in
are
to
14
$1.12%
Accruals,
•
railway
oper.
Sept.
:
'
\
'
available
63,742,129,
as
dividend,
paid
'
the
over
Aug.
011
stocks
railway.™,—
from
98,303
railway—__
from
Net
1941
143,739
oper.
2306.
p.
$3,590,841
railway
railway
oper.
$332,043
from
159,
January 1—
railway-
From January
Gross
RR.—V.
Maine
&
"'*■
from
from
railway-
from
from
Net
1942
directors
dividends
24
5.
July—
From
i1943
Aug.
Sept.
1944,
the company equal to three-quarters of a full
payable on Sept. 15, to stockholders of record
This dividend is applicable as follows: one-fourth thereof
to
the
quarter ended Sept. 15, 1934, aild one-half thereof to the
quarter
ended
Dec.
15,
1934,
being
the first quarters for which
Corp.—12 y2-Cent Dividend—
Nashville Chattanooga &
100,000
low, Inc.
1944
on
3.90%
quarterly
Aug. 31.
14.
p.
of
preferred
outstanding
record
Boston
Net
July-
160,
kilowatt hours
26,
Aug.
week ended Aug. 28, 1943,
England Public
preferred
Perrin, West & Wins-
Corp.—
the
Net
Net
1943,—V.
Association—Output Up 1.30%—
ended
week
160, p. 834.
The
to holders of record Sept. 15,
and June 29, this year, and in
29
March 30
on
at 101,557,000 cu. ft.,
production of 102,043,000
Quarters of Regular Quarterly Dividend Rate—
of 40 cents per share
Nashua & Lowell RR. Corp.—Sale—
See
100,000
100,000
300,000
increase
an
V.
declared a dividend of 12 Mi cents per
capital stock, par $5, payable Sept. 29 to
A similar distribution was made on March
June 30, last, and in each quarter during 1943.—V. 160, p. 435.
and
200,000
Missouri Illinois RR.—Earnings—
Gross
etc.
The
833.
p.
payable Sept.
paid
dividend
a
below
number of
reports
the
for
dividend
-200,000
300,000
directors
on
,
holders of
Gross
—V.
taxes,
200,000
Scribner
Sons—
&
stock,
was
during
quarter
share
200,000
•
Weeden & Co., Inc.—
,
capital
amount
declared
29
Nash-Kelvinator
200,000
Ingalls & Snyder-,—
Newhard, Cook & Co.
'
—L
Brown
each
Aug;
on
reported
0.48%
or
Comparable figure for the week ended Aug.
profits
voluntary refund amounting to $2,210,495 on war contracts.
p. 1042.
directors
like
A
" 200,000
-
—
Ohio Co.
;;—
Robinson-Humphrey
Co.
Singer, Deane &
450,000
Parker &
Auchincloss,
.•'•.(• Lynch
450.000
_
Co
&
Putnam
$1.87
week is
25
ft.,
cu.
with 62,921,858 for the
300,000
650,000
Marks & Co
M.
Milwaukee
$1.30
.
excess
Association
territory
New
200,000
1,100,000
Bear, Stearns & Co.__
Equitable Secur. Corp. ,!.
Hallgarten & Co.__
R. W. Pressprich & Co.
The
•'
$1,100,000 t$l,588,007
$0.55
and
income
486,000
ft. in the corresponding week a year ago.—V. 160, p. 834,
New England Power
1944—9 Mos.—1943
$461,112
$0.31
12,721,237 kwh. for the corresponding week
ago.
output for the Aug.
decrease of
a
cu.
1944—3 Mos.—1943
Federal
above production of
year
Gas
Mueller Brass Co.—40-Cent Distribution—
the principal
follows:
Stroud & Co., Inc.—
1,100,000
Co
&
a
731,
p.
share
com.
1.57%
water-soluble
and
Corp.—Earnings—
depreciation,
a
159,
■The
as
R. L. Day & Co.
$1,100,000
White, Weld & Co.
Shields
160,
$264,000
per
•After
tAfter
on
amount
and
profit
Earnings
in the distribution and sale of water
revenues
"Underwriters—The names of the underwriters and
of bonds which each has agreed to take are
,7
mill,
clear, colorless
perfected.
were
development, Reslooming will be done only
will require only minor dhanges in current
of
methods.—V,
Motor Wheel
activities
in
textile
special
Reslooming
stage
Period Ended Mar. 31—
incidental to such operations.
for the 12 months ending May 31,
1944, approximately 71% was derived from the sale of electric service,
28% from natural gas service and 1% from water service.
In recent
years it has confined its merchandising
activities almost) exclusively
to the sale of minor appliances.
Company (which has no operating
subsidiaries) operates wholly within the State of Mississippi.
in
the
the
in
used
present
production
•
its territory;
within
communities
'
its
that
year
formulations
-
3, 1927. Com¬
Corp. and Electric
■''!
"'v;')
,• v ?
Company is an operating public utility presently engaged in the
purchase, generation, transmission, distribution and sale of electric
energy to residential, rural, commercial, industrial, public utility and
governmental and municipal customers within its territory; in the
purchase, distrbution and sale of natural gas in and about certain
Bond
this
only
and on the $2,000,000 serial notes
$375,000,
;•
■
Business—Company was incorporated in Florida Oct.
987
oper.
"
Abbott
Hamilton
K.
has
been
elected
Vice-President
and
General
Alcohol & Chemical Corp. and Siboney Dis¬
subsidiaries.
Until recently he was President of
Co., Inc., which has been acquired by Siboney Dis¬
♦Deficit—V. 160, p. 570.
...
,
■'
Manager of Pennsylvania
tilling
Hamilton
K.
A.
both
Corp.,
&
tilling Corp.—V.
159, p. 1558.
■
--
New York Power &
The
National
Adrian
been
Co.
Van
elected
and
New
the
a
Sinderen,
director.
Brooklyn
President of the Brooklyn Savings Bank, has
He is also a director of New York Telephone
Trust
Co.—V,
160,
output
the
of
p.
121.
week
ended
August
12,920,800 kwh.
25,
this
Association
Securities and Exchange Commission
ordered a hearing Aug. 29
Sept. 19 on the amended refinancing plan of this corporation,
instead of the original exchange offer, now proposes the sale
which,
at
competitive bidding of 240,000 shares of new cumulative preferred
a par value of $100 a. share, to be sold at not less than par
have a dividend rate not in excess of 5% annually.
Proceeds from the sale of the new cumulative preferred will be ap¬
stock with
and to
England Gas & Electric Association—Output—
"
For
for
Surety Corp.—New Director-
Light Corp.—Hearing Sept. 19 On
Amended Refinancing Program—
reports
electric
This is an increase of 199,563 kwh., or
plied to the redemption of the company's 7% and
outstanding at the redemption price of $115 for the
share for the latter—V. 160, p. 835.
$6 preferred stocks
former and $105 a
'
■.■
v.
...
•
Net
K'?'■■**
-'
•••
•
>
Fed.
•
revenues
expenses
accruals
tax
income.—
Net ry.
items
1,910,000
5,036,500
5,953,000
300,000
200,000
600,000
500,00O
profit.
$269,847
$227,185
$954,687
$1,141,554
$3.84
per
—
share—
com.
$0.91
...
.-$0.76.,
»
,$3.21
-
Provision
The
(2)
Net
>
for excess
$2,108,281 $19,089,811 $14,071,537
176,136
1,232,953
1,233,092
$1,932,145 $17,856,858 $12,838,446
Canadian dollar.—V.
and res, funds
appropriations
Misc.
appropriations—
dollars
official
the
at
—V. 160, p.
570.
most
The
Kicking Horse structure near Shelby,
well, in which North American Car
has a half Interest with the Husky Refining Co., is still ungauged al¬
though estimates have been made ranging from 20 million to 50 million
cubic feet-of gas daily.
"
'.
'
'
"
"
1
'
\
,
* ;
The company also opened a new oil well in Barton County, Kansas,
„
the
week
last
Spencer said.
>\
>
American
The'North
conjunction with the Bridgeport Oil Co.,
in
now
-
-
.
Car Corp.
Mr.
has 27 producing oil wells and
wells in five States.
Daily production of wells in which
the company has an interest is approximately 800 barrels.
The company, which operates and leases to the railroads tank,'re¬
frigerator and poultry cars, originally entered the oil business about
12 years ago when it took over a refinery and some leases.
Little
y,as done with this end of the business until 1941 when a program of
expansion was decided upon and the company began seeking new leases
and partners.
Although the tank and refrigerator car proceeds still
constitute a major part of North American's volume, last year $150,000
was added to the company's net profit after taxes from sale of an oil
lease with producing wells In Illinois.
Despite this sale, the company's
leased acreage almost doubled in the year, Mr. Spencer stated.—V. 159,
eight
'■
stock
a
dividend
held.
North
one
100 shares
North American
of
will
American
pay
cash
a
dividend
of. 33
cents
that
will
Packard
be
in
production
car
Paramount Broadway
Electric
•
totaled
kwh.,
with
l!
for
15,
&
which
1955,
1944,
19,
Bank
soon
as
Northwestern Pacific RR.Gross
from
Net
from
Net
ry.
$568,708
201,937
$440,953
152,364
75,564
/-
$480,801
income—
100
at
Trust Co.,
-
■
Net
from
from
Net
ry.
railway—
3,370,539-
oper.
3,498,123
2,525,644
430,823
David
A.
Schulte,
President,
he
Government,
$264,528 Profit
177,937
595,873
164,136
*Deflcit.—V.
July
figure
kwh.,
on
amounted
carried
Operating
from .railway
Gross
Net
from
Net
1944
S; '
ry.
1943
1942
$139,727
^ $125,032
56,584
79,688
75,741
21,337
31,267
32,035
income
1944,
rev...
v
profit——_•
$23,577
plane
passenger
while
pounds,
481,231
turbances.".
^
Net
from
Net
ry.
—V.
933.256
854,543
railway——»
207,895
375,861
165,105
C:/. 8,394
177,267
;
Mr.
150 Broadway
Proxies are being sought by the recently formed
.
tective
of
committee
the
.9V2
.
to negotiating
building.
.
•.
the
98.18%
'
The
Edward
and
corporation
sufficient
*
in
Is
committee
s
to
composed
Smith.
It
was
announcement
full
meet
of
Eugene
formed
last
Hagemeyer,
as
result
a
October
that
interest payments
Louis
of
the
earnings
Karnow
$547;117
2,084,870
2,695,961
$3,799,630
$3,618,298
$3,243,078
1,330,382
Springsley
might
Originally
tlon
issued
in
be
not
1,091,239
885,045
in
the
amount
of
$4,500,000
iif 1934 *n^eresk was educed to 4% as a result of
with
,
fended
•
iDO,
most
of their space has been
of
relet
those Previously
k-UD 1.
|J«
\
at
..
...
■
•
.
-
.
..
.•
,
June
Gross
^
bidding
Pacific RR.
and
at
$17,444,000
the same
price
of series A bonds to be sold
of
as
series
B
the
i
antee
the
same
time
the
Union
Pacific
RR.
be
sSld
new
series
j
on Jan-la 1945-at
which'owns
"Washington's capital stock, asked
interest of the
principal and
J?# 3 48«
to
the series A.
iol^nd J£S£:due Jan> h 1961, WOUId be called
At
bonds
all
except
15
Net
ry.
From
Gross
bonds.
159,
^i942"7-
•
•
^
the
$395,231
$0)99
'$0.67
J.
this
.
profits
$594,589
in
taxes
1944,
for
the
$622,797
and
1943
V.
157,
*
'
are
being
Proceedings—
-
that, by
and for
been
who
assets of-the
notified
of the State of Delaware, in
the
entitled
to
in
share
the
distribution
<
of
the
its. out¬
date, or
in such
in
of record on
distribution
the
at
Sept. 30, 1944,- may assign their rights to
any time up to'-the close of business on;
24, 1944,. but not thereafter unless
Chancellor.—V.: 160,. p. 122.
v
permitted by further order of ?
'
,
B.
Morrow,
company
of
President, on Aug. 25 announced the
all capital stock of: the Clover Splint
2013.
,
.
.
purchase by
Coal Co., of
excess
Closplint, Harlan County, Ky., which has an annual, output in
of 400,000 tons.
The Clover Splint company will be operated
subsidiary.
.v XV '/.- •
/,r-
months
six
in
corporation
this
Pittsburgh Coal Co.—Acquires Kentucky Concern—
'
depletion, bond charges, etc., and
profits taxes./
7,>;
)
excess
of
of Chancery
the close of business on Sept." 30, 1944, has
record date for the determination of stockholders
Stockholders
Oct.
1941,
$295,927 7
$0.73 v
excess
p.
/
Securities Corp.—Liquidation
Court
distribution.
836.
as a
The Clover Splint company was organized in 1928 and has operated
continuously since.
It is a producer of premium domestic coal also
used for industrial and coking purposes.—V. 160, p.'668,
.
1944
7
1943
1941
.-1942
$1,851,289
$1,974,470
$1,161,690
978,366
1,226,785
475,585
income—
I
626,172
198,436
'4,924,228
3,977,330
330,227
*816,316
/
ry.
railway.^
1,637,142
2,006,938
761,909
67,667
729,0i8
549,443
income...
160,
'7,064,247
p.
570.
.
"
.
Leonard
Beale,
President,
24 stated in-part:
Aug.
-
T.
in
the
company's
annual
report,
on
%
-
"We
have entered
into an agreement with the Taylor Chemical
operating plants at Penn Yan, New York, and Wyandotte, Mich.)
the sale to them
of our 51% interest in that corporation, and
purchase from them of the Wyandotte carbon tetrachloride plant,
Corp
for
the
'
the
Taylor
base
etc"
'. The "a8reement" includes "a -lohg-term" contract with
Chemical Corp. for the purchase of carbon bisulphide, the
used in the manufacture of carbon tetrachloride.<
material
We
Which
have
came
Ltd."—V.
^sold
to
159,
us
p.
advantageously
in
part
2088.
the
payment
for
American
our
Cyanamid
interest
on
B
Berbice
stock
Co.,
Listing of Additional
has authorized the listing of $500,000
4%% series A, due March 1, 1952,
applied for to date $3,580,000,
) The directors on April 13,
1943 (a) authorized the issuance and
authentication of an additional $500,000 first mortgage bonds. 4!/2%
series A,
due March 1, 1952, and (b) authorized the reservation of
19.231 shares of-common stock (no par) for issuance upon conversion
from time to time of such $500,000 bonds.
*
The
company
proposes
to
sell the $500,000 of series A bonds
privately to W. J. Rainey, Inc., Revere Land Co., Hillman Coal &
Coke Co. and Hecla Coal & Coke Co., or any one or more of them,
who will purchase
such bonds for investment and not with a view
to
distribution, at 103y2%
and interest.
Said bonds are presently
held in the treasury of the company and no contract for the sale
thereof has as yet been entered into.
/
'*
; The total proceeds to be realized by the company from such sales,
exclusive ©f
accrued interest and
without allowing for expenses in
connection
therewith,
will aggregate, $517,500.
The proceeds will
be used initially to reimburse the company's working capital in ari
making
■
Pennsylvania Salt Mfg. Co.—Sells Interest In Subs.—
—
Bonds, 4V2 % Series A—
The New York Stock Exchange
additional
railway.—6,981,864
oper.
Pittsburgh Coke & Iron Co.
First Mortgage
7 116,177
928,576.
.
$976,748
373,469
;
January 1—
from
*Deficit.—V.
.
'
•
railway
railway..._
oper.
from
'
authority to guar¬
A
aggregated
.
from
f
The company plans to issue $54,750,000
competitive
and
and
••••
.
$312,669
depreciation,
from
Net
Net
miT^nnC°fm)Panjlv,0ni+Au?'
applied to the Interstate Commerce Com*
fnn f
™th<mty. to issue $72,194,000 of 3% refunding mortgage
L"dfn£mortagetSndi
' °' " lllte am°U'U °! 4® flrst and re"
et
30
1942.—V.
1943
-
$0.62
v •
taxes
income
duly—
Net
Oregon-Washington RR. & Navigation Co.—Seeks To
Issue $72,194,000 of Bonds—
n
:..v
the
corporation in complete cancellation and redemption of all
standing common stock.
Only stockholders of record on that
their assignees
as
stated below, will be entitled to share
Pennsylvania-Reading Seashore Lines—Earnings—7
.
such'
Westinghouse."—
.
*;r
•
.
by
p.
director to^
7
a reojganiza-
prevailing rates
paid
■
for
for income
$558,301 in
*
a!?°ut 60%
%
160,
4s
will- be
$2,358,033
stock.—V.
of
Cattle County,
New
.
,
.
$2,527,058
common
$278,746
Note—Federal
u-
Although
*
-
1944
R. F. Tyson, formerly Operating
stockholders
The
order
interest
^The present situation has lesulted from expiration on April 30 1944
a.^ Westinghouse Electric .& Manufacturing Co. covering
?
°/
ren^.able space. The protective committee states:
?8S
1St. aubstantial tenant creates a serious situation.
.
7
$2,469,248
share.'
./♦After allowance
states
anticipated"' the owning corporation will
the terms of $2,677,283 bonds outstanding.
1923
*
,0-:-;-y 1:
provision
after April I.
^ile n.ex5 interest "it is
payment is due Oct. 1 and the committee
its
letter
that
propose a readjustment of
.7;
assets
per" com.
of contract miners, in
while the company in¬
wages
pact,
bargaining
Begrisch of- New York City has been elected a
Wpods.—V. 160, p. 571.
Phoenix
85.2
86.6
$1,533,428
2,039,151
profit
Earns,
collective
their
succeed the late A. S.
$1,760,479
—
6 Mos. End. June 30—
♦Net
of
Frank W.
-
Pennsylvania Glass Sand Corp. (& Subs.)-^Earnings—
Broadway building in New York City
with the Springsley Realty Corp.. owner
.
'
Aug. 25, saying the
anthracite pro¬
lost
R. T. Senter has resigned as President and a' director because
Charles E. Ebert, formerly Executive Vice-President, has
share
■
tons in
Phillips Petroleum Go.—New Director—
.7 : 7
297,753
5,276,849
98,93%
7,449,406
99,74%
——
♦Equivalent to 20 cents per share of
/
million
1
pro¬
150
{preparatory
cf
bondholders
half
of ill
been
Vice-President, has
been elected Executive Vice-Presidnt and a dirctor.
Alan A. MacDonald,
formerly Comptroller,- has been, elected Vice-President and Comptroller,
Robert M. Stier, formerly Assistant Operating Vice-President; has beea
named Operating Vice-President.-—V. * 160, p. 331.
/
105,171
9,275,551
miles——_1—•
; Net working capital._•
(Building) Corp. (Westinghouse Build¬
ing)—Bond Committee Seeks Proxies—
r
a
vthat the eontract was not violated.—V. 160, p. 732.,
fixed
'/ -1'
properties
operating
; 48,103
412,937
liabilities
current
acting in the absence of
Philadelphia Transportation Co.—New President, Etc.
85.9
current
Total
than
cost more
strikers claim the company docked
The
violation
sists
July, 1943
$400,638'
$530,021
liy2
current, assets™—
Total
-
duction.
50,660
;
*
.
for the United States Government.
Fortas called for a resumption of work on
strike- has
.
June, 1944
517,654
—
Other
*
manager
elected President.
62,271
Load factor
161,033
465;595
521,945.
income—
oper.
160, p. 570,
679,761
-
Ickes, issued an order taking possession of the
naming Ralph E. Taggart, President of the company, as
health.
*93,014
;
miles
Cash
-
Undersecretary of the Interior Abe Fortas,
Secretary
air
120,761
1,204
*
Takeni Over By Government—
President Roosevelt on Aug. 23 ordered Government seizure of the
and other workings of this company in the State of Pennsyl¬
vania "because of "strikes, threatened ..strikes and other labor dis¬
•
January 1—
Gross from ^railway
week
f.
'
From
and subsidiaries for the
company
.
165,926
Flight operating factor.
8,054
.
Revenue
the
•
to
July, 1944
$619,864
—___
Revenue
1941
.
output for
26, 1944, Was 124,484,000 kwh., an increase of 3,727,000
3.1%, over the corresponding wfeek in 1943.—V. 160, p. 870.
Aug.
mines
aggregated 444,076 pounds.
Avge. number of planes in oper.—.
:
$119,143
railway—
oper.
it
July,
after taxes, ©tc
Net
Oklahoma City-Ada-Atoka Ry.—Earnings—
.
any
Financial and Operating; Statistics
oper.
electric
or
Philadelphia &I Reading Coal - & Iron' Co.—Operation
Stock
in passenger traffic over July,
increase
Month of—
i
'
\v
72.7%
a.
air-travelers.
Total
160, p. 570.
July—
$657,224
$662,481
$357,266
said.
is
in
Mail
*197,918
'
1944—12 Mos.—1943
1944—6 Mos.—1943
Philadelphia Electric Co.—Weekly Output—
the
informed
30,
Aug.
on
when PCA flew 25,401
1943,
51,478
income—
—
668.
of Properties
express for the month
1,835,498
936,794
Co.
anounced
$346,030
160, p.
ended
Securities
and Exchange Commission that be had returned to his company $264,828 of profits accrued on sales of Park & TilfOrd comihon stock pur¬
chased during the period from Oct. 21, 1941, through May 31, 1944.
—V. 160, p. 49.
..
43,239
: 6,942
520,289
railway
company
Period Ended June 30—
The
will be redeemed at the Chemical
trustee, 165 Broadway, New York, N. Y.
v
From Jan. 1—
Gross
Rubber
&
Philadelphia Dairy Products Co., Inc.;—Earnings—
will
3% sinking fund loan certificates
recently called for redemption as of
Park & Tilford, Inc.- -Receives
The
$315,629
;>
-
else,
anyone
as
and interest,
successor
Sales—
1941
113,129
159, p. 2013.
Materials, Inc., and the Carlisle Tire and Rubber Co.
used for additional
plant and warehouse facilities, and for working capital'.
—V. 159, p. 2525.
See V. 160, p. 732.
the
'
1942
79,323
railway—..
railway
oper.
the
-Earnings1943
1944
$0.57
$201,492,
ed
month in its
history, this corporation in July flew a total of 43,856 persons, accord¬
ing to an announcement made by J. J. O'Donovan, Vice-President."
The new record, achieved with a considerably'less number of airplanes
than the airline had in operation prior to Pearl Harbor, reflects the
increased utilization
of equipment,
including returned planes, from
160, p. 835. '
28,985
July—
for
$178,285 and 1942 $126,419.—V.
Corp.—Certificates Called—
were
Transporting the largest number of passengers in
26, .1944,'
kwh.
40,809,000
$0.43
The balance of the proceeds will be
first mortgage
$5,542,500 of
Feb.
Sept.
(Del)—Weekly Output—
compared
as
$0.61
$1,000,000 Note Placed
on Aug. 30 that it has
privately to the Mutual Life Insurance Co. of New
York, a 4% 10-year note in the amount of $1,000,000.
Approximately $450,000 of the proceeds will be used to
repay bank borrowings incurred in acquisition of Mold¬
and
output of this company for the week ended Aug.
40,904,000
$0.46
$243,227
sold
160, p. 632.
corresponding week last year, an increase of 0.2%.—V.
$183,629
for depreciation and Federal income taxes.
Privately—The
Pennsylvania-Central Airlines Corp.—Earnings, Etc.—
Northern States Power Co.
-
1941
1942
1943
$262,189
'
The
due
stock
share
a
63,378,160
77,323,447
1944
capital -stock..
*After provision
^-V.
.
common
60,712,034
__
$196,299
Pharis Tire
.
given an even start.
"It is planned that expanded sales and service organizations
parallel increased production.'V—V. 160, p. 667.
Approved—
Co.
92,911,524
52,451,573
156,755,817 176,099,779 141,972,110
...
Net Income
fractional
of
15,515,056
17,037,762
554,836,118 454,634,875 333,437,741
668.
profit
1943
be ready to
Commission has approved the payment
share of common stock of Pacific Gas &
l/100th of a share of Pacific Gas.—V.
each
.
is payable Oct. 2 to holders of record Sept. 1.
shares
of Pacific
Gas &
Electric common)
dividend
The
lieu
In
of
each
for
Electric Co.
Distribution
-
16,226,953
9,772,263
Note—The Federal income tax for the first half of 1944 was
-
.
us
and Exchange
The Securities
©f
•'
::V::"
American Co.—Stock
North
/
/
.Geo. T. Christopher, President and General Manager, described the
post-war sales goal Packard has established.
He detailed production
plans that reveal an all-time high of 200,000 cars per year "within
18 months after Packard gets the go-ahead."—"
'
•
Projected expansion of service facilities, L." W. Slack, Sales Man¬
ager, said, will center on surveys of Packard dealer shop equipment
now
being made from coast to coast.
Dealer interest in facilities'
Improvement is running high, Mr. Slack stated, and it is planned
lo make modern installations and replace worn out equipment "as
soon
as the
Government says okay."
"Despite Packard's
wartime
obligations for aircraft and' marine
engines, which will be fulfilled as long as the nation needs them,"
Mr.
Slack said, "plans have been sufficiently advanced to convince
gas
1558-
588,870,639
—
railway.—.
income.
oper.
160, p.
par
-
.
v:- opening of a new gas field in the
Mont.
Initial production of the
v/ithin
1941
1942
-28,132,498
Earns., per share on no
subsidiary heads
three-day conference of company regional managers,
key distributors, which closed Aug. 26.
*
:
is expanding its oil and gas producing activities
interests of varying amounts in over 40,000 acres
according to William M. Spencer, Chairman pf the Board.
recent development in the company's program was the
of oil leases,
8,842,140
:
.
and
at present has
end
railway-
6 Mos. End. June 30—
plans, calling for an all-time record in car output and
providing the greatest possible employment of returning veterans in
an
expanded
sales
and service
organization, were outlined
in a
corporation
This
33,952,970
Pfeiffer Brewing Co*—Earnings—
159, p. 2088.
Packard Motor Car Co.—Post-War Plans—
Corp.—Extends Oil Activity—
North American Car
v
'
from
ry.
Post-war
/
'
-
January 1—
Net
—V.
♦Net
$1,876,973 $12,909,259 $12,480,798
$1,814,293
income—
of
Balance
59,899,253 > 77,283,583
1943
V
/
25,402,526
.—
income. .1
oper.
9,143,765
$87,339,236 $86,514,903 $75,013,014 $55,300,126
railway..
railway—
from
Net
357,647
372,599
4,575,000
55,172
—
ry.
the
of
exchange
of
rate
from
From
8inking
59,060
700,000
212,123
8,806,581 .' 17,065,745
1944
Net
a
States
591,789
inc.—..
oper.
from
Gross
net profit of $60,650 for the nine months
after providing $20,000 for reserve for post-war
and
United
to
bal.)_
(Dr
July-
Net
results of the Canadian subsidiary company,
loss of $6,352, for the three months ended June '30,
providing $6,400 for reserve for post-war readjustments,
inventories and other contingencies and $147,700 for ta*es
on
1,177,494
ry.
Gross
operating
income,
on
1,086.907
ins.
Earnings of Company Only
after
losses
$1,980,998 $15,117,198 $13,399,899
127,283
3,972,612
671,638
taxes..
retire/ taxes—
Jt. facil. rents (Dr bal.)
net
a
1944,
'*
33,994,715 156,049,691 176,141,706
14,259,756
73,198,000
79,018,930
< 965,785
7,536,669
6,538,941
.
1,046,535
8,128.735
7,084,431
587,201
5,919,149
4,777,982
69,693
1,367,885
1,437,839
25,384,894
13,510,000
rents
-9,278,155
10,117,792
1,219,741
y 1,224,271
oper.
ry.
taxes..
Unemploy.
profits tax, as shown above is net
of a post-war refund credit of $235,000 for the three-months arid
$505,000 for the nine months ended. June 30, 1944. .ki' . .'' '■ ''■.*» showing
fr.
rev.
Equip,
21,122,129 227,921,778
1,339,544
*
*
contracts).
Note—(1)
:
110,962,911
7,249,412
948,843
1,045,583
31,787,789
1,364,801
Railway
reserve for post-war conversion and readjustments, losses
inventories and other contingencies
(including renegotiation," of
jvar
•
58,876,329
93,800,995
- 6,613,562
202,836,849
8,449,530
68,474,443
12,726,818
16,103,590
.1.
—
operations.—
i Net
778,000
..
$2,573,353
income——
Net
2,385,800
deductions
,
$2,749,489
176,136
debt
funded
on
736,500
258,400
equip...
—
General
ended
June 30, 1944,
read¬
justments, losses on inventories and other contingencies and $440,000
for taxes on income, are included in the above statement converted
income-
Gross
Int.
224,000
$
'
8,867,450
10,522,724
175,870
profits tax
Net
on
4,902,015
Dr92,561
575,728
Drl0,640
$2,158,699
590,790
income.
(bal.)
oper.
inc.
$8,548,433
134,815
& struc.
Transportation
♦Special
$8,590,445
4,833,988
Dr97,865
674,837
Drll,769
oper.
Joint facil.
Other
$1,415,909 $10,381,075
81,495,630
rents (net)
--rents (net)-
Ry.
Equip,
$7,462,501
83,889
Sc surtax—
normal
Earn,
1944—Month—1943
1944—7 Mos.—1943 u
$13,733,206 $13,071,226 $92,807,530 $87,156,230
7,497,484
7,131,693 52,529,321 48,918.106
4,740,092
4,523,624 29,897,135 29,647,678
period End. July 31—
Ry!
$2,645,074
Maint.- of
Traffic
85,475
114,843;,
Railroad
Railway—Earnings-
Norfolk & Western
Operating
Operating
$3,260,971
46,924
—
charges
♦Other
.
r
174,260
32,847
$ '■
86,703,967 590,054,182 555,862,736
87,548,925
revs...;
of way.
Maint.
$8,462,958
41,970
profit
Excess
announced in the yearly report to $980, ^
share of capital stock.—V. 159, p. 2235.
$4.13 a
or
Net
Other
Noblitt,
the year ended
and charge from $1,782,932
256,
183,474
$7,347,658
1944—7 Mos.—1943
1944—Month—1943
July 31—
$
Misc.
:
■::
-
Inc.—Renegotiation—1
President, stated that the effect of renegotiation for
Dec. 31, 1943, was to reduce net income, after taxe^
C
55,773
other Income
.
(Excludes L. I. RR. and B. & E. RR.)
"
/
Ry.: oper.
18,688,124 '24,824,487
$2,612,226
62,702
i_„.
'
$33,461,705
$3,219,001
amortization
profit
'
'
■
Perifed End.
1944—9 Mos.—1943
9,249,566
7,055,414
expenses
&
Deprec.
Mos'.—1943
1944—3
$10,337,117 $11,917,566 $26,219,256
and
/Pennsylvania RR.—Earnings of Regional System-
;''V/■^-V.:"
••
■
.
sales
Cost
Noblitt-Sparks Industries,
Q
k
Period End. June 30—
Net
160, p. 835.
war.—V.
\-.v
Earnings—
dividend of 25 cents per share
©n
the common stock, no par value, payable Sept. 15 to holders of
record Sept. 5.
Distributions of 50 cents each were made on March 15
and June 15. last, and in each quarter during 1943.
It was announced that the dividend was reduced tp conserve cash in
view of uncertainties confronting business and expenses involved in
connection with renegotiation, Federal taxes and reconversion for post¬
Aug. 21 declared a
directors on
The
Manufacturing Co. (& Subs.)—
Outboard, ]\Jarine &
Niles-Bement-Pond Co.—Halves Dividend—
1
Monday, September 4, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
988
.
first
the
mortgage
total
bonds,
amounts
.
.(Continued on page 1022)
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4313
160
989
■Pi
Stock and Bond Sales
DAILY
NOTICE—Cash And deferred delivery ttlea ere
n
New York Stock Exchange
«»
WEEKLY
-
United States Government Securities
Below
furnish
we
the New York Stock Exchange
on
the current week.' Figuret after decimal point represent one or more 32d of a point,
Aug. 26
Aug. 28
Holiday
/ '—:
Price#
Dally Record ef U. 8. Bond
:
(High
.
Aug. 23
—
—
■
Daily
Sept. 1
Aug. 31
Aug. 30
Record
Treasury
—
2
1 Low
4V«S, 1947-52
.;
V
V
4S, 1944-54-
2Vis, Dec.,
Low
Total sales
(High
2Vis
j Low
Low
(Close
I High
10
100.13
*2
i
100.10
100.13
100.10
100.13
100.10
100.13
1
1
—
—
;:
\
;
7>"
—
Low
[Close
'
■
Total sales in $1,000 units
—
—_
(High
] Low
2%S, 1952-55
\ Low
■
,
(Close
(Close
Total sales in $1,000 units
:
units
Total sales in $1,000
100.13
100.10
*;
(High
1951-53
■
(High
3s, 1946-48
100.13
100.10
j Oloso
2 Vis,
—
units
.
100.10
___
(High
\ Low
•
(Close
Total sales in $1,000
'
:
•
j Low
3%s, 1949-52
-v
2
Total sales in $1,000 units
:f-'i
v::
-
Sept. 1
100.11
„_
(Close
■
•%
Aug. 31
( Low
•
2Vis, 1967-72
\
Aug. 30
(High
:
(High
Aug. 29
100.11
in $1,000 units
,
$1,000 units
Total sales in
100.11
Total sales in $1,000 units
y-
3Vis, 1946-49
Aug. 28
Holiday
(Close
1965-70
(Close
*
^
Low
(Closs
(High
{ Low
i
Total sales in $1,000 units—
-
:
"
1964-1969
*
,
(
-y-,
Total sales in $1,000 units
S%«, 1946-56
j High
-/a
V
>
Aug. 26
Prices
Total sales to $1,000 units—
(Close
-
'
-
8. Bond
'-'-v:.'
(HJgn
J
of U.
Vis, June, 1964-1969
(Close
Total sales in $1,000 units—
.
range for the year.
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation coupon bonds on the New York
a
Stock Exchange during
Treasury
YEARLY
-
disregarded In the day's range, unless they are the only transactions of the day. No account la taken of such sales in computing the
"
:
(High
] Low
3s, 1951-55
Total sales in $1,000 units*
*
111.30
—
—
(High
—
;
1947
28,
Total sales
In $1,000 units
I
(High
2s, March
—
\ Low
j
Low
(Close
v,
2%S, 1956-59
—'
v
5
Total sales in $1,000 units.
111.13
(High
.
~~—•"
Total sales in $1,000 units
1 Low
(Close
Sept.,
2s,
101.8
(High
Low
[Close
1950-1952
101.8
(
101.8
3
Total sales in $1,000 units
[High
( Low
100.25
100.25
100.25
100.25
[Close
2s, 1951-1953
100.25
100.25
1
Total sales In $1,000 units
(High
100
(High
f Low
Low
1951-55
2s.
[cidse
Close
$1,000 units
Total sales in $1,000 units
(High
•{ Low
2Vis, 1950-52
100.18
[High
:?
Total sales to $1,000 units
100.18
100.19
100.18
100.19
Total sales in $1,000 units
"•
::
1
(High
'
1953-55
2s
Close
Total sales
2Vis, 1956-58
•
l%s
"A
11
In $1,000 units
A-
f High
•{ Low
(Close
7
jHigh
{ Low
[Close
'
Low
Total sales to $1,000 units
100.19
Low
(Close
1952-1954
2s,
(Close
Total
■
A
■
( Low
(Close
1950-1952
Total sales to $1,000 units——.
Total sales to
r
-'
t;
>
f High
f High
2fe$, 1949-83——.
■
Total sales to $1,000 units
2s, March,
j(Close
Low
1948
■■tri ~~~
.
Total sales In $1,000 units
2Vis,
4,,
Low
(Close
(High
1945—
.(
1949-1951—:
Is, Dec.,
units
(
2Vis,
—
[Close
(High
j Low
(Close
-
Sept., 1949-1951
2«,
111.13
5
—
v
(High
•( Low
"
111.13
units
Total sales to $1,000
Low
(Close *
Total sales in $1,000 units
(Close
2%8, 1960-65
Holiday
| High
(Hign
,] Low
Total sales In $1,000
Low
(
—
(Close
2%s, 1958-63—
High
Total sales In $1,000 units
2s, June, 1949-51
sales in $1,000 units
Total
i-:
[Close
—
(High
~1 Low
-
25, Dec. 1948-50
—
units
Total sales In $1,000
r
(
—
Holiday
(High
low
[Close
Total sales In $1,000 units
—
units
High
j
1948-50
Vv-
(Close
Total sales in $1,000
n
—»
Close
—.
Total sales to $1,000 units———
2%s, 1951-54—
100.17
Low
■
—
■;
'
23/is, 1948-51
100.17
—
(High
\ Low
(Close
2%s, 1945-47
{ Low
(Close
Total sales in $1,000 units
C
5
v*
units——
1956-59
111.30
___
100.17"
[High
2Vis
111.30
Low
Close
—:
Total sales In $1,000 units
—
(High
2%s, 1955-69——————
Low
(close
(Close
?v
Total sales to $1,000
(High
J
2y4S, 1954-56
—
-(High
Low
(
1948
(Close
In $1,000 units
Total sales
sales in $1,000 units
(High
Home
( Low
2Vis, 1962-67
Loan
Owners
(Close
[High
1%s, 1945-1947
Total sales in $1,000 units
2
Vis,
.(
1963-1968
Close
Total sales
Low
(Close
lot
"■Odd
Total sales in $1,000 units
Aug. 26
-
$ per
,
Aug. 28
y,
S per share
share
63
*62Va
*53
'
62
57%
9
9%
62%
*60
62%
12%
12
9
,
-
62
*112
*
*55
9%
10,500
9%
*61%
62%
*60
12
12
9%
*60
62%
12%
12
12
*30
31
*30
30%
*21%
21%
21%
21%
22
22%
22%
22%
40%
41 Va
41
41
40%
41%
40
40%
*90
93
92%
92%
*91 y2
*i45ya
*30
93
6%
6%
:
r
6%
*144
149
31
6%
148
6%
*145
6%
149
62%
*60
12
12
♦30
*91%
6%
*145
6%
146
•
22%
7
6%
2%
2%
29%
29%
30
30%
30
30
29%
30
54
*52%
53
53
53
53
53
53
28
27%
27%
27%
27%
27%
27%
27%
82
15
150
*82
82
14%
15
151%
•15%
16'A
30%
30%
footnotes see page
999.
149
*15%
30
85
14%
150
16%
31'/a
*82
2%
85
2%
*81%
2%
85
♦81%
-
300
3,100
30
85
14%
14%
1,300
151 %
151%
151%
152%
1,900
*15%
16%
*15%
16%
15%
15%
100
31%
31%
32
31%
33 Va
31
14%
15
Alaska
&
Juneau
-
12,200
Gold
Min
Allied
Chemical
&
Allied Kid Co
Allied Mills Co Inc
Dye
1
8
No par
115%
Jan
Jan
57 Yb
7%
Jan
Feb
July
"Sep
13-
25%
6
Jan
5% Apr
2
Jan
Jun
27
July 15
92% July 3
18
7% July 13
3
Mar 29
23% Jan
24
13
37 Vi May 18
,
Sep
,52
41%
19 J/2 Jan
10
No par
Nov
35%
13% July 12
31V2 Jun 16
37
Alieg & West Ry 6% gtd
Allen Industries Inc
108
3
64% July 17
75
100
No par
100
7
Highest
63% Mar
Jan
3
preferred-No par
Alghny Lud 8tl Corp
July
9% Aug
51%
27
31
124
Corp
12
Jun
.
$ per share
Jan
100
1
100
pf A with $30 war
$2.50 prior conv
60
>
10% Jan
26% Jan
No par
Vicksburg Ry
114
8
53
1
Par
10
Corp
Inc
Albany & Susquehanna RR
5V2%
150%
15
Alabama
—No
Corp
17
24
Lowest
$ per share
64% Jun 23
8 Va Aug
25
Reduction
Allegheny
150%
15
Adams-Millls
21
v
I per share
Jan
47
Co.————2.50
Express
4,400
'•
109% Jan
No par
Steel Co
Adams
6,700
27%
2%
Motors
Air
10
53
27%
2%
100
Address-Mutigr
6,500
2%
2%
30
*52'/a
For
•
145%
29%
2%
;'
"■
ACF-Brill
1,300
10
52 V2 Feb
preferred
3,100
>
93
145%
No par
Abbott Laboratories—
Acme
.
100
40 %
*91
•
2,800
30%
22%
40%
>•
■/ A"A ' '
A.
30%
30%
93
12
I per share
Par
Year 1943
Highest
Lowest
Abraham & Straus
57%
-
4;.
Range for Previous
Range since January 1
STOCK
YORK
EXCHANGE
4%
114
*55
9%.
400
62%
*62
*112
"
57%
NEW
>
Shares
t per share
62%
114
for
the Week
Sept. 1
f per share
114
*54%
57%
8%
9
62
*112
621/8
114
*53
Aug. 31
S per share
Sales
Friday
Thursday
Aug. 30
•
t per share
*112
57%
8%
Aug. 29
62%
114
■>112
Wednesday
Tuesday
Monday
Saturday
JTransaction of registered bond.
sales.
STOCKS
LOW AND HiOH 8ALE PRICES
1
$1,000 units
In
RECORD
NEW YORK STOCK
•
Low
•
(High
43
161
3
Jun
3
14%
Jan
21% Mar
38%
Jan
48%
>
Jan
76%
Sep
3%
Jan
7V8
Apr
128 V2
Dec
'v. 87
85
July 14
3
34% July 14
Apr
32% July
Jan
.
3y» July
fs Jan
SVs
Jun
Jan
32%
Sep
Jan
4
Jan
45%
19
58% July 14
29% July 5
13
24% Apr
18 y8
Jan
31% July
Jan
21
85% Jun
64
Jan
70
13
-
75
Sep
May
7
Jan
1
140%
Jan
13% Mar 18
16% Feb
5
10%
Jan
14% May
29
35 V* Mar 27
16%
Jan
37%
9V4 Jan
141
Apr
3
26
Aug 15
15% Aug 23
152% Sep
.
11%
165
Jun
July
Nov
$ per
5 per share
f per
20%
101%
20%
207b
*99%
100
*99%
114%
104%
109%
1c4%
3%
3%
5%
41%
*40%
-
3%
29%
Petroleum
Corp—No par
6%conv
Amerada
104%
104%
103%
103%
700
30
29 7 a
29%
29%
29%
2,000
Amer
104 %
104 %
preferred
100
No par
1
50
preferred
conv
Amalgam Leather Co Inc
100
30
29%
78
78%
77
77
77%
77%
77%
77 %
77%
77%
1,900
American Airlines
22
21%
21%
21%
21%
21%
21%
2,000
American
66%
17%
*66 V8
66%
66%
66%
I7%r;
17 %
17%
22
22
66%
17%
17%
45%
45%
45%
45%
133%
■
*66
66%
*66
17%
17%
17%
45
45 %
45
v
133%
12%
12%
?12%
12%
12%
12%
91%
91%
91%
91%
92
92
<
81%
26%
26%
'
103%
23%
7
87%
v.-
7% ;
210
14%
*14%
14%
400
American
.*17%
17%
17 vb
17'/«
3,000
American
104%
104%
110
103%
105
*104
105
23%
121
23%
23%
4%
4
4%
41/4
4%
1,700
9%
9%'
9%
*9%
9%
100
x23% * 28%
23%
28%
4,200
28%
27
26%
4%
4%
4vB
4
95%
95
21%
21%
87
*85%
87
33
36%
37
45
*41
*71%
4%
1,300
87%
400
36%
*35%
36%
600
5%
5%
5%
5%
•
*41
45
*41
72
*71V4
73
7%
77'
7%
7
7
6%
,
•,'76%
•
79
79 "
,
7%
'
7%
*79
7%
.
*78
81
*8%
8%
*8%
8%
*8%
8%
*8%
*8%
8%
*8%
8%
8%
8%
*8%
*49%
;
02%
02%
93
16%
16%
13%
16%
ii
IIVb
10%
*22%
100
American
:
6,900
American
37%
38
37%
H'/B
1,000
Amer
22%
22%
400
Amer
Metals Co Ltd.*
*123%
125%
11
V
*37%
3
3%
51%
50%
51%
51
51%
12%
12%
12%
12%
12%
12%
57%
50%
12%
*180
*37%
38
V'3-3%.:
:
3%
58%
50%
180
180
180
*177
38
'■
57%
58%
250
5,800
i
57%
<;12,500
50%
12%
711,300
12%
;•
185
50 %
12%
16,300
*180
185
15%
15%
15%
15%
15%
15%
15%
15%
4,000
73 v8
73%
72%
73%
71%
72%
72%
73%
17%
39%
158
43 %-
43%
*42%
26
•725%
47
46%
47
•
126%-
.126%
*42%
39%
39 %
39%
f 3,200
158%
157%
158%
190
43%
43%
18%
24
r
*148
25 vb
18%
43%
25
200
25
18%
18%
24
4,500
24
fe *28%
'■r 163%
164
*71%
72
72%
73
*29
48 V8
127
127
•
71%
12%
148%
.
48 %
'
V.
49
127 v8
48%,
,127 vb
*28%
29%
*125%
49%
3,400
,127
27
13
44 %
*
119
1197b
8%
'•
97%
9%
26%
27
27
27%
27
31
31
31%
31%
*31
27%
26%
27
'0
31%
31%
26%
126%
*113%
114%
*113%
114%
*113%
10%
10%
*10%
11%
*10%
4%
4%
*4vb
4%
4%
*26%
86%
5Va
27%
32
26%
V"
X26%
500
4%
7,200
53%
100
27
31
15,600
31
26%
310
3,300
X
114%
..VI14%
114%
*113%
114%
11%
*10%
11%
*10%
11%
100
4%
*4%
4%
4%
2,900
51
51%
92%
92 %
105%
*105%
44%
43%
*11
*115
*44%
-16%
•>.
•v-
16%
105
105
106%
100
100
98%
43
43
105%
105%
66 %
*41
*105%
92%
92%
*105%
*115
2 Vb
16%
*105
117
99
*98%
45
*41%
106%
*105%
106 %
99
100
45
*44%
*11%
106 %
;;
40
10%
*115
2%
17
100
106%
100
5,000
•
*41%
*106
19,500
2,600
Mining
Tnc
Archer Daniels Midl'd
Armour & Co of Illinois
$6 conv prior preferred
7Vo preferred
Armstrong Cork Co
A
Copper
W Paper Co
P
Constable
Arnold
Artioom
No par
100
preferred,,
Rights
——
—-
1
100
100
Dry Goods
preferred
preferred
Associated
100
6%
1st
101
350
7%
2d
45
100
Assoc Investment
100%
130
66%
4,200
No par
Co
66%
66%
66%
63%
66%
66%
93
93
93
94
94%
94
94 %
1,300
38%
38%
38%
38%
38%
38%
,38%
1,600
Atlantic
27%
27%
27%
29
28 %
28 %
600
29%
*27
30%
60
29%
112
113%
14%
*54%
14%
55%
*55
58%
58%
119
*117V4
58%
66%
60
*59%
30
29%
113
111
14%
14%
55%
60
60
29%
29%
111
56
X58%
.
•*110%
14%
14%
*55%
59
*28
*55 %
58%
58%
60
1,000
5%
29%
29%
5,000
112
110%
14%
14 %
*55 %
56
58%
310
14%
Atlas
56
58%
*117%
118%
*117%
118%
*117%
118%
*117%
118%
17%
*17%
17%
*17%
17%
*17%
17%
*17%
17%
10%
*10%
IIVb
10%
10 V2
*10 %
10%
*73%
75
420
73
73%
73%
/:
73
4%
73%
4%
22%
5
22%
74
*73Vb
4%
7
5
4%
75
4%
•
*
4%
pref series A
Corp
preferred
Atlas Powder
5%
conv
preferred
Atlas Tack Corp,
400
>
5
Refining—
conv
6%
58%
Lines
preferred
non-cum
4%
4,300
112
I SS
W
Atlantic
'29%
Line RR
Coast
G &
61%
*10%
11
Atl
*60%
*17%
11
5%
370
16,300
prior
$5
1
Nichols
Austin
A
Corp of
Aviation
Del
(The)
100
100
100
100
1
100
25
100
5
50
No par
100
No par
No par
No par
3
Apr
107
Nov
116% July
96
Feb
112% May
11% May
187b
Feb
Jun
Dec
54 Vb
Dec
4%
Jun
Mar
Mar
Jan
Jan
Jan
10
Nov
29% May
1%
Jan
46 Va
29
Feb 11
Jan
6
56% Jan
57% Jan
139
Jan
8% Jan
7
3
39 % Apr 19
116% Apr 26
6% Jan 3
Jan
26
39
Jan
78%
Jun
30
Feb
36%
Apr
Jan
4%
July
Apr
2%
44% Aug 18
75% Jun 22
35
Jan
40Vb
53%
Jan
70
May
5
May
Jan
2
7% Aug 18
Jun
66%
Sep
37%
Jan
7
4%
Jan
9% May
9% Aug 10
5%
Jan
7Vb
79
Aug 30
9% July
Jan
47
Nov
17% May
Nov
82%
Sep
12%
Jan
15%
Jun
77b
Feb
10 Vb
Jun
7%
20% Aug 18
93% July 12
16% July
1
12% July
Feb
68
39%
13.
Jun
50
5
20%
Jan
3
Jan
125%
Jan
22
Oct
27 Vb
116%
x26
25 Vb Jmy 18
36
Apr
Nov
.Oct
4% May
>*«
Jan
Aug 29
1874
Jan
487b
517b Aug 23
16%
Jan
45 %
Oct
127b Aug 21
6Vb
Jan
11Tb
Jun
3% Aug 10
59
180
Aug
Oct
173
Feb
154
14
Oct
17% July 10
10 Va
Jan
16% July
75% July 13
54
Jan
69% July
8%
July 17
18
18% July
Jan
-18
Dec
36
43% July 10
15%
Jan
12%
25
8
July 10
31
477b
Dec
✓
Apr
May
327b Mar
Apr
July 12
144%
Feb
161
Aug
July 13
Apr 24
35%
Jan
45
Apr
141%
Oct
151% Aug
27% Mar 16
19%
Jan
29% May
J9% July 20
24% Aug 14
11% Mar
160
45
.
151
1
75
75
17%
Dec
17% July
Jan
33
Jun
91
Jan
115
Aug
21%
Jan
32% Aug
158 % July
3
127%
Jan
July 14
42%
Jan
July 11
43%
Jan
65% July
129%
Jan
146% July
6%
Jan
July
152% July
6
137b Jun
19
Jun
23
43
16
Jan
7
31% Jun
164
12
16
49% Sep
129% July
120% July 11
10% Aug 12
63% July
12% July
49%
Jan
32
115%
Sep
121 % Aug
Jan
9
May
3%
Jan
15
53%
Jan
9% Aug 14
3%
Jan
8% July
55%
Jan
79% July
Nov
84 % Jan 10
6% Jan
3
.
Jun
7
5
6% Aug 18
3
3
156
87%
Jan
5
5
37% July 17
13% Jan
7
I3V2 Feb 21
26% Jan ~ 3
36% Jan
3
111
Jan
7
26% May 17
May
Jun
38 Vb Aug
May 9
Mar 8
Jun 10
Jan 20
Jan
3
9
90%Jun
Jan 21
Jun
6
39%
147
22%
• 15_
16%
;!
25% Apr
102
15
13
Apr
6%
22 %
125% Aug
Jan
Jan
7
Mar 22
SYs Mar 16
Jan 12
Jan 10
Feb
4
Jan
4
Feb 29
Jan
4
147
1%
4% Aug 17
10% July
29
3
31
27
10
19
Feb
Mar
53% Jan
Apr 19
987b Aug
67 % Jan
3
94% Aug
Jan
3
17
88%
7%
Nov
Apr
5
37/a
54% July 20
42%
Jan
54% Mar
44^ Feb 16
24% Jan 26
24 Vb
Nov
317b
Jan 24
7
33% July 17
24
Jan
28% July 20
16%
Jan
Jan 6
9% Jan 10
2% Jan 2
117% May 26
111%
Jan
87b
Dec
1%
4
20
No par
5
Corp
Corp
July
42%
25
100
24 74
11
12.50
No par
20
5
No par
5
No par
$5 div preferred
Andes
Jun
80
Jan
104%
No par
Corp
38%
60
•
50
Cable
92%
60
14%
25
Mining
Anaconda Wire &
93
27%
4%
Anaconda Copper
Anchor Hock Glass
7%
,4 2%
1
Smelt
preferred
$5 prior conv
preferred
Atch Topeka & Santa Fe
5% preferred
*27
•"V
•
17%
107
99
1,900
V
*107%
17
106%
44%
117
2%
7
66 %
93
'
1,300
11%
10 VB
117
•
10.200
107
11%
*41%'. 45
106%
92%
*104
10 VB
2%'.:
17
107
91%
1,400
6 Vb
45 %
10
2%
52
6 Vb
,
92%
45%
*115
Vb
107
*11%
9%
:17
106%
11%
*51
Amer Zinc Lead &
NOV
18%
Jan
-
par
100
Preferred
'
38%
■
*38
112%
6V8
6
45
9%
2Vb
:
52
6
44%
7*11
117
2%
*51
107
11%
'*115
51%
*105%
11 Vb
2%
16%
92%
45
11%
it 11%
117
2%
.
92%
11%
-
6
107
11%
11%
51
6
92%
105%
/.
51 ••':
5%
6%
6
*4
No
Woolen
Jan
59%
Jan
Jan
3
Jan 22
12 Vb Jan
3
62% Jan
3
No par
preferred
1st
45 %
24%
21
27% July 15
115% July 24
121
Sep
1
9
163
No par
Elec
Wks &
Water
American
10
'
51%
Am
$6
3,200
86%
26%
,;•
26 Vt
10,400
*i
8%
91% July
185% July
Dec
2
—14
100
preferred
5Vr
9% May
Jan
Nov
71%
168
July 10
Apr
Aug
134
Jan
37b
July 12
14
95% July 13
183
44% Feb 21
40
Feb 14
—100
10
American
100
9%
4%
*48
50
Amer Type
97%
8%
87
4%
900
121
9%
*97
2,500
* '
preferred
Foundries Inc
Viscose Corp
6%
950
44%
Jan
67b
32
25
25
class B
Common
1277b
43% July
42% July 14
20
100
Telep & Teleg Co
Tobacco
Amer
American
2,200
13 Vb
8%
50
700
150
12%
9%
36%
5 Vb
53 l/o
8,600
73%
•-;■ *44
*119%
97%
87t
87%
4%
*50
149%
•
13
44%
121
:
164
72
72%
149 %
*97
8%
*86
5
53%
*119Vb
9%
*97
>•'■7 8%
87%
4%
*50
120%
9%
9%
97%
*86
73 %
12%
44%
8%
4%
149%
12%
72
v.
9%
Jan
115% Feb 18
100
Sumatra Tobacco
277b
83 % Aug
6%
46
14%
80%
14%
8%
100
No par
Preferred
Am
Nov
•V 4%
19% Jun
^ 7% Apr 25
No par
No par
No par
Refining
American Sugar
1,000
;
29%
163%
:
72 %
73
44%
9%
53%
26%
149%
149
*29
164
72
44%
*95%
'
86 Vb
4%
*50
73%
163%
12%
119
8%
86 Vb
<v
73%
148%
12%,
97%
8%
72
'
9%
9%
*95
•
29%
164
72
73
j; 44%
120%
*119
164 *
71%
72%
12%
•44%
-
*291
164
163%
•
149
148
77' 44%
30
61
Jan ; •
27
45% Aug 24
132
Jan
4
1374
18.50
Co
Stove
Dec
97%
No par
Steel Foundries
American
18%
8
39%
65
4
61
Co——No par
Amer Smelting & Refg
No par
.•Preferred'——
100
American Snuff
25
6V0 non-cum preferred
100
Amer
76 % July
Jan
47
68 % July 18
Sep
Jan
Jan
8%
6
Aug 13
100
American Stores—
5
Jan 26
3% Jan
Ship Building
100
*
'
29%
American
52
33
No par
-—.—100
25
Safety Razor
Seating Co
American
78% Aug 18
23% July
July 10
No par
No par
preferred
conv
400
18%
24
*23 %
V
149%
Mill
American Rolling
Amer
Jun
34
'
<48
t-
*42 %
149%
24%
25%
*23%
43 %
*148
149%
*17%
47%
1,000
-
39%
x25 %
127 '• i 127
100
17%
157%
18
f*23%
.
280
24
v; 18
24
29%
26
25%
18%
18%
*23%
17%
29%
40
*148
149%
*17%
29 %
158
39%
*157
43%
*148
149%
*148
17%
17%
29%
29%
39%
158
156%
17%
17 vB
29%
17%
17
29%
29%
39%
39 %
*17
17
*17
17Vb
17 vb
29%
29 %
17%
*17
17vb
17%
Preferred
4%%
86%
Jan
18
No par
Light
preferred
;—,
$5 preferred————
Am Rad & Stand San'y
930
Jan
23
31% Jan
15
No par
Co
News
Amer Power &
20
15%
*17
American
X67
14
3
Jun 5^
68
Jan 10
15% Jan 10
59
Jan 8
~————.-100
preferred
6%
73%
15%
73%
156%
57%
11 Vb
11
110% July 17
27b July
105
No par
No par
Mach & Metais
22%
50%
180
900
125 %
3 V*
59
700
:
22%
38
38
77- 3
3 Vb
3
\
10%
Oct
Mar 29
,
Mar 10
50
No par
100
No pur
conv
*123%
11
58%
58'/a
*10%
Co of 111
Invest
preferred
Locomotive
7% preferred ——
Amer Mach & Fdv Co
5%
93
93
.
No pur
1
Internat Corp.,
Amer
23%
>123 Vs
3%
fciJili'
»
10%
Ice
6% non-cum
125%
•:.
"09%
23
127
57%
*177
19%
93
16%
*123%
'22%
127
37%
10%
01%
10%
10%
22%
50
19%
91%
,
16%
*123%
*49%
v
Xl6%
,-02
-
16%
;
19%
19%
19%
19%
50
*49 %
50
*49%
Export
American
500
50
*91
,
9,000
9
19%
Lines Inc
Amer & Foreign Power
$7 preferred
$7 2d preferred A
$6 preferred
American Hawaiian SS Co
American Hide & Leather
6% conv preferred
American Home Products
|
8%
9
19%
T'~4
■
300
79
8%
*49% -50
•
h::r'
•: 7%
*8%
>
;■$ 2,800
45
72
72
"
72%
1
No par
1
No par
No par
No par
No pur
10
1
50
1
—-No par
preferred
100
European Sees
American
31%
14
Tiling
Encaustic
American
Amer
2,409
stamped
Co
Distilling
Amer
5,500
95%
22
•87%
87%
*35%
45
72%
95 %
;>:21%
21%
*85
5%
5%
5%
21%
%
4%
4%
95
*94
95%
21%
24
*8%
i
4,100
23%
4%
*9%
7
Crystal Sugar
1st preferred
6%
Jan
28
101% Feb 7
23% Aug 28
2% Mar 6
8
Apr 25
23
Jan 26
10
-10
100
20
Colortype Co
Sep
Jan
23
No par
American Chicle—
*14%
xl 10
23%
Jan
%
108 % Jan 20
103% Feb 13
10% Jan 5
100
preferred
conv
17%
'23%
*41
No par
Chain & Cable Inc
5%
9%
5%
76
76
-120
Am
14%
30
72%
•
115%
110%
1,500
26%
*114
27
Dec
43% July
13%
33% Apr 18
68% Jan 4
100
preferred
non-cum
119%
86
5%
f.?71%
x26
115%
7%
Sep
97
Jan
177b
170% Jan
No par
Fdy,
Car &
American
600
4%
4
44%
.'
83%
14%
21%
i
Preferred
2,700
40%
82%
Can
American
310
17 Vb
95
36%
.
4,000
16%
Jan
41% July 13
100
1
25
No par
Co
Shoe
118%
.
17%
23%
...
87 %
7.m 5%
: *41
1
27
15'
26%
21%
Brake
preferred
Amer Cable & Radio Corp
56,700
*
4
94%
*35%
7;r
13%
91%
180%
*9
4%
4
21%
Am
1
5%%
40 %
:
82
*114
23%
?•»:.••
27
94%
27%
115%
103%
9%
*26%
27
303%
24
4%
4%
*9
,
1 82
*114
119
17
103%
13%
180
40%
800
45 v4
Jan
26 Vb
5
July
4
May 17
58
Aug 25
16
Apr 25
60
Jan 14
7% Jan 3
37 % Jan 14
126% Apr 12
8
May 12
82
Mar 1
50
Corp
Bosch
118
26
10
preferred
6%
American
.134
*90 %
180%
40%
40%
82
26%
*14%
17Va
180%
180%
82
13%
91
'
115%
;r; 118%
14 %
17
12%
91
40%
7
*44%
*132
134
40
1,000
v
6%
73%
5
July 14
82
'
*114
120
120
*14
180%
40%
81 ;•
26%
;
115%
*114
"T"V,
40 vb
81
40%
40%
180%
♦179%
179
179
"81
45%
*132
133%
•*131%
-*131%
*131%
,
17%
40% July
$ per share
2
Jan
4
28% Jan 32
iO
inc
Note
Bank
S per share
share
23% Jun
100
29%
66
103
Highest
Lowest
July 10
July 7
22
3
17% Apr 19
Agricultural ChemicalJVo par
29%
21
14% Jan 27
96% Jan.
33% Apr 24
105
Apr 19
No par
Mfg
Alpha Portland Ceoi
400
42
preferred
47o
100
2.200
23%
*3%
*40%
3%
Allls-Chalmers
No par
100
Allied Stores Corp
115
*22%
23%
.
38%
*114
115
*22%
42
*40%
42
*40%
41
41
*1C4
3%
3%
3%
3%
3%
22V2
3,800
2,600
•>
21
38 v2
$ per
$ per share
Par
Shares
101
38%
*114
114%
20%
*99%
101
38%
38%
38
22 %
22
22
*99%
<
114%
114%
*114
22
22
37%
37%
37%
37%
*114
101
20%
20%
20%
20%
*99%
I per share
$ per share
$ per mare
share
20%
share
Year 1943
Range since Jannary 1
Highest
Lowest
,
EXCHANGE
the Week
Sept. 1
Aug. 31
Aug.
Aug. 29
STOCK
NEW YORK
Sales for
Friday
Thursday
Tuesday
Aug. 2#
Range for Previous
STOCKS
HIGH SALE PRICES
Wednesday
LOW AND
Monday
Saturday
Aug. 26
Monday, September 4, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
6% July
28.
Jan
114
Jan
3
4% Apr 19
74% Jan
9
85
Jan
3
12
July
6
57
Jun
14%
Apr
3%
Feb
16
Jan
47%
Sep
5
3
Jan
6%
4
116% Aug 11
Jan
2% Sep
2% Aug 28
12% Jan
90
Jan
85% Jan
33
103%
53%
< 82
25%
25
59%
24%
107%
11%
53 %
Jan
43
Jun
10%
Jun
10%
Jun
Jan
Jan
110
Feb
71% July 20 '
Jun 27
Oct
6%
Jan
15%
Jan
97% July
59
Jan
94 % July
"
Jun
29
Jan
39%
Oct
100
Jan
108 %
Nov
Aug 23
July 11
44%
677b July
Jan
r
Jan
90 Vb July
24%
Nov
33
Mar 23
19
Jan
36 %
Oct
Mar 15
44
Jan
68
Oct
Jan
28% May
98
44
30
65
<66
May 31
Jun 7
Jan 14
Feb 18
Jan 3
Jan 7'
113% Aug 23
15 Vb Jun 29
52 % Apr 19
112
May 26
120% Aug 14
18%
32% May 17
56
Feb
Jun
12
113%
Mar
106
May
Sep
6%
>
Jan
13% May
50 %
24
62
Jan
57
52
Jan
-..
Sep
68% July
Jan
113
123
Jun
16
Dec
7%
Jan
8
2%
Jan
9% Aug
84 % May
9
28%
Jan
85% Aug
5% Aug
8
3%
Nov
6%
Apr
Aug 17
10%
Jan
20%
Dec
5
5
3%
Jan
10
Apr
6
*
Jan
14%
Apr
5%
Jan
12%
Apr
34 Vb
Jan
63 Vs
Dec
12
Feb
28% July
Sep
Sep
18
14% Mar 31
July 31
Jan 25
13% May
66
Apr 19
3% Jan
3
18
24
7
40%
72%
18
108
7
Jan
4%
1
101% Aug
Jan
3
Feb 15
Dec
1
107 Vb Sep
May 19
Jan 19
Jan 3
84
92
17% July 13
4
3
3
Sep
Jan
6%
12 % July 10
13% Jun 28
102
75
30
28
Jan1
49
94% July 14
Jan
7
9% Feb 17
8 % Jan
3
Sep
46
119
46% Jun
Mar
Jan
6% July
35% Apr 18
Apr
23% July
116
34
5
July
4% Aug 30
42
29%
Apr
B
22%
—
8 Vb
■
..
227b
87 b
15%
15%
'
,;
•
23
,
23 Vb
22%
23
22%
22%
6.600
Baldwin Loco Works v t
5,400
Baltimore
3,500
preferred
Bangor & Aroostook
ConV fi%
preferred—
Barber Asphalt Corp—
''
8%
8%
8%
8%
8%
8%
8%
8%
15%
15%
15%
16%
15%
16 Ve
15%
15%
'
—-
,
10%
—
—
107b
J. 074
107b
*11
,
IIVb
11 %
11V8
11
11
63
63
64
64
64%
647b
64%
64%'
65
65%
247b
—
247b
24%
247b
25
25%
25
25%
24%
500
25
150
'
*16%
—
rr-
/
52
157b
1774
52
157 a
*17
18
52
52
15%
17%
52%
15%
157b
17%
52
;
157b
—
15%
157b
15%
15%
—
)
—
*2974
30
30
30
x30
30
34%
35
33%
34
*34
*107%
108
*107
_•_
108
15%
*
15%
*34 Vb
*115
9%
35%*
117 Vb
*9%
•*34%
*115
97b
35%
103
*107%
10
9%
*34%
35 %
117%
*115
11%
1174
11%
12
IIVb
117b
115/8
117b
11%
'11%
427b
—
42%
427b
42%
42%
"44%
For footnotes see page 999.
34%
97b
*11%
—
15%
*29
1077b
'
9%
—
15%
36
■
.
17%
*52
117 Vb
12
*34%
*115
*11%
;
17%
*16%
3,700
18
2001
52 %
52
52
220
16
15%
15%
1,300
Bath
15%
15%
29
29
400
34%
34%
35
1,200
35%
117 vb
12
108
9%
*34%
*115
*11%
108
10
120
Iron
Works
35%
Corp,.
Cigars Inc
Bayuk
Beatrice
$4.25
Creek
Corp
RR—
Beech-Nut Packing
500
11%
11%
11%
11%
3,900
45
46%
45%
46%
19,700
Co—
Belding-Hemingway,.
Bell
Aircraft
10% July
18% July:
"
9% Jan
3
Jan
4
21% Apr
25
60
13 Vb
July 20
66
Jun
3
26% Jan
24
5
Corp—,—
AtHnMnri
Jan
4
18
July
.i 43
Jan
24
53
Aug 21
•■
Jan
15%
30
Jan
47
Jan
19 % July
Jan
20% Mar
5%
15% May 15
18% Mar 17
12%
14% Aug
9
18% Mar 15
13%
15
31% July 10
May 22
105% Jun
preferred
Aircraft
3
3
31
Creamery
Beech
24
25% Feb
Co__,,—
Beech
3,400;
117%
12
Oi!
Barnsdall
15%
9%
preferred—
5% %
Apr
5% Jan
9% Jan
12
Barker Brothers
3,300
30%
108
& Ohio—„—
4 Vo
24
7% Jun
8
Jan
11
111% Jun
12
10% Jan
3
31
10% Apr
33 Va Jan
35% Aug
2
108% Feb 28
11% Jan
3
35% July 11
Feb 15
117
25
15% Jan
6
11
13
46 % Sep
1
13
July
,23%
X29
Jan
24%
Dec
7%
Jan
93
Jan
xllO
14%
Nov
25%
■
9%
Dec
9% Nov
33
Nov
May
33% July
Jan
105 Vb
Sep
Sep
33% July
114
Aug
117b July
20 % Mar
397b
Apr
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4313
160
NEW YORK STOCK
LOW
Monday
Saturday
$ per share
$
19%
Aug. 31
19 y»
61%
20%
56
.7*55
55%
*38%
39%
;
*39
39%
19%
19 %
61%
'V124%
7 20
*55
39%
19%
19%
*55 ?
-■
124 %
49%
23%
24'%
24%
24%
24%
25%
io%
10%
10%
10%
10%
10%
18
18
•
18%
Li.
14
'
18%
*17%
.
18%
*103
*101
*17%
18%
■•17%
106
19
*100
106
105
,
18%
13%
14
49%
50
94%
94%
14
14%
50
50
94
a
94
.
6,000
Bethlehem Steel
;
900
7 ;
3,700
f
6,600
Blaw-Knox
1,200
(
19
t
107%
(
14
v ,
14%
/
14
14%
50%
50%
■•7 51
94% 7
•7 94%
A"
Bliss &
100
!,
18%
."v
10
49 %
A
.94%
;
52%
53
*112
115
115
*113'%
"42
42
7.7;
*113
A
a: 115
7.7:
32%
32%
32%
31%
39 %
% 39%
39%
39 %
5%
5%
/ 5 %
5%
5%
52
20%
52
*51%
,52
*51%
11%
11%
41
41 %
49
41
*48%
11%
41%
11%
49
50
48
*47%
48%
*47%
48%
21%
21%
21%
21%
a'21%
21%
42
43
43
/V
;.L
f
44%
•7i
t
21% f
7i
400
42
49 >/4
*47%
48%
(
7
21 %
21%
f
a
RR
200
Bristol-Myers
aa
43%
43% '
2
Feb
Jan
Jan
•
41%
July
19
Jun
July
21% Mar
,56%.May
.
.Nov
96 Va
July
July
"51
38%
Jan
17
Jan-
35
22%
Jan
30
8
Dec
116% July 19
8
3
34
17
Jun
41% July
7
17
2%
Jan
39
Jan' 14
28
4
22y4 July
14% Jan 13
Oct
July
Apr
6'/b
28%
Jan
'38% Dec
11 %
Nov
; ^ 14 Va Nov
20
Jan
Nov
45
8% Nov
12% July 5
44% Aug 23
'50
July .7
50% Jun 21
8% Jan
27
'
39
Jan
'
1
1
!
26% Jan
.
.7y, July '.3
43
July 1
21% Aug 25 7
52 % Aug 14
12% Jan
40% Feb
40% Jan
19 V*
Jan
85
Jun
100
,
Jan
>
11% Nov
4
42% July
37% Jan
—5
—No par
Co—
Brooklyn Union Gas
i,5oo
11%
9%
Aug 21
3% Jan
Corp_
& Maine
Brlggs & Stratton———No, par
r
4
34 y2 Jan
100
:
(The)
200
-•
r.
95
i
33% Jan' 26
,
—5
1,500
42%
46% Jan
19% Mar
Jan
13%
.52% Jun 27
26
'
Brewing Corp. of America^
—15
Bridgeport Brass Co
No par
Briggs Manufacturing
No par
7
Jan
88% Apr 18
109% May
28% Jan
100
«•
•7*47%-
'
va7
:
45
,) r
Dec
40
■;
Jan
76
5
15% Feb 29
5
(assented) _100
Bower Roller Bearing Co
—5
Braniff Airways Inc
,i
2.50
: 16,600
11% (:
5
July
«
Apr
121% July
6%
18 y2 Aug 28
106
4
12% Jun
8
: 8,900
52
*51%
7. 11%
20% July
4
Jan
14% Mar 14
—1
preferred
Co
Boston
1,600
•
20%
.5
16
r—No par
16
30
liy8July
93% Mar
—No par
Borg-Warner
: 2,100
.
.25 Va Aug
3
July
,Jun
69 Vs
Jan
-
Nov
38
3 7
Jan
27%
3
57
.
Nov
110%
1
7% Jan
5
No par
100
Inc.—
50% Sep
16% Jan
par
._lb
.4%%
Borden
54
66% July 11
126% July 10
—5
class A
Stores
300
40% t
7 *43%
Bond
4,400
32
447-7
:
900
114% 7
40 Ma
f
I 7
.
21% -7
48 »l.v. 48
7,721%
42%
Jan
4
Class B
130
7,jf 5%' 7- 5% (
527;'.
*47% 7 49%
7
53
7
8%
2
Laughlin Inc
Bon Ami Co
60
20% July 15
20
24
Bohn Aluminum & Brass.
-: l.ioo
Jan
15% Jan
.17% Sep
.
Feb
22%
37% Feb
—No
'
32
,7 427.7-; 42% r
777
r
94% <7
114%
7
11% 711%
42'
*48
•
52
42%;
•
*51%
48
;;
115:77
v;
31%7 31% 7:
11% 17
;::'4i%
a
42% 7
*114 ,v
52
11%
49
;
53
.7
,7 39%
40*
5% 7 :'.:.y7.5%':7':5%'1':'
43
77;
*43%!' 44-Av7
21% 7 7 *20%7 20%
■
42%
21%
20%
2iy»
52 %
x42
40% Li,
42%
*42
43
21%
52%
32% 7-
'
*41%
*94
53
>'i. 32%
;; 39%
'
A
~ •
53
42%
42%
V
/
53
*52%
*42% ,43
a
54%
40% Jun 20
56y4Jan
-
49%
*94
..56% Jan 24
115% Feb
Boeing Airplane Co
3,700
Apr'21
No par
wNo par
Co
$ per share
13% Mar
33% Jan 28
100
Bloomingdale Brothers—
Blumenthal & Co preferred
20
!
7', 7-7'
20 Vb Aug 30
__No par
(Del)
7%
10%.
*17%
Y
No
i
23
50%
4
53%
par
Jan
par
Poods
;
'
14.
Best
f
*104
V
105 7
*:
4,200
Co
preferred.
Blgelow-Sanf Carp Inc
Black & Decker Mfg Co
*18%.
197
*17%
&
pfd $2.50
23
10%
*18%
Best
;
123%
share
Highest
S per share
$ per share
—1
Pr
200
10%
23%
vV
•
No
Loan
Lowest
Highest
17
dlv series '38_.No par
300
61%
a
50%
-
:10%
:
Indus
Beneficial
$ per
1
Far
2,000
,
7
18%
61%
;
50
'
55%
39%
*122
X23%
■
18% 7
*17%
106
,
61 %
123%
749%
49V2
20
■'.
*39
18%
60%
124% A-
20
55%
v
19 ;
'■
123%
62
*124
49%
718%
19%
61%
124%
49%
20%
19
61%
61%
*124
49 %
19%
Lowest
EXCHANGE
Shares
$ per share
Year 1943
Range since January 1
STOCK
YORK
NEW
the Week
Sept. 1
$ per share
$ per share
Sales for
Friday
~
55%
19%
39%
Range for Previous
STOCKS
Thursday
Aug. 36
39%
55%
39%
RECORD
PRICES
Wednesday
S per share
19%
55%
49%
SALE
Aug. 2'J
stare
per
HIGH
AND
Tuesday
Aug. 28 ;
Aug. 26
991
12%
Apr
Jun
20%
Jan
44
Jan
44% May
9%
Jan
29%
1
30 %
37 %
r
Jan
33
•
Jan
July
Jun
18%
'
>; 42
21%
"22
v'10%
10%
10%
10%
'77
44
*42%
21%
21%
21%
r:, io%
■'
7
*42%
22%,;
22%
10%
,121%
7 10%
*120%
900
Bruns-Balke-Collender———No ' par
6,500
7
Brown Shoe Co_
Bucyrus-Erie Co
a-;—5
1 % preferred
100
Budd (EG) Mfg
—No par
1% preferred—
a
-100
:- ;$5 preferred
—
No par
!!
11%
7710%
121%
22% f
22 %
10%
x22%
10%
39% Jan' 16
—No par
500
120 I
*119 M£
.
10%
199'%
199
199%
199
68%
68%
a
-68
-
9%
*18%
A-
%
199%
199%
■768%
68%
68
10%
19%
17%
19%
,18%
39%
39%
32%
*31%
109 Va
*108%
110
14%
14%
14%
t
,
17%
39
6%
7
6 %
7,7 6
6%
:£
18
47%
11%
•63
67
*63
*47%
48%
*47"%
11%
11%
11%
*30%
3%
A
1
3%
*14 J/4
3%
15 A-
14%
:
11%
•
7-
11%
*30%
:
Bush
1,200
;
150
V
81%
81
81
r
*81
81%
81%
82
;, *81.
A
700
:
31%
1,300
3% ('
81% '
*
*22%
23
23
*22%
23
22%
23
V 29
56
.
1%
IV®
29
28%
28%
29
56
:
56
55
55%
*55
'1%
1%
1
29
7
6 V2
6%
6%
6%
6%
x6%
20V4
20%
20%
20%
20%
1 Va
30
30:
30%
30%
30%:;
*41 Va
293/4
.
413/4
•
10 y.
10
10
41%
10'/a
*41%
•;
*41Va
41%;?:
*41 %
10%
*48 3/®.
49
,
*8%
49%
7:7
50Va
31%
*5%
'
50 V®
49%
Jan'
6
15%
May-
9
Canada
/
122
49%
49%
49%
49%
36%
102%
122%
122%
122%
121%
122
14%
18%
21%
21%
2,000
36%
,
■'
14%
14%
14%
"
18%
18
22%
22
22 3/8
22
7 %
120
18
22
4V®
114%
♦113
4%
115
3,100
24%
25
11%
11%
11V®
11%
*11%
11%
*116V4
116S2
*116%
11613
*116 %
33 y4
33%
33%
33%
*26
11%
*11%
11632
33%
6
6 V*
102
6%
7%
108%
108%
20
112%
112%
41%
41%
13%
13%
*13 7.
47
15 Va
——
46%
*6%
15%
15%
33%
.
112%
.19%
*18%
19%
*19
*27%
28%
*27%
*112
112%
30
43%
*43
43%
900
13%
COO
Chesapeake Corp of Va.—
Chesapeake & Ohio Ry
Chic & East 111 RR Co
13 V®
46%
6%
15%
13%
13 V®
13
13
47
"
47
7
6%
15%
47 Va >
'
15%
15 Va
15 Va
5%
5%
5%
5%
5%
5V»
5%
22%
22%
22%
22%
22%
22%
22%
24%
24%
24%
24%
25%
25%
25 V®
25%
61%
62%
62%
63%
62%
63%
X49j/a
18%
18 V®
18%
18%
18%
18%
19%
19%
19%
19%
19%
19%
45
i
19%
19%
6
?
.
'
1,700
•
1,900
5%
22%;/:
25%;;;
45%'
*46
47%
47
47
*46 V®
54%
*54%
54V®
54%
54%
54%
17
*16%
17
*16%
17
16%
16%
*16
16%
*16
16 V®
*16
16%
16%
3%
3
3
3%
3 V®
3Va
3'/a
*26
3%
*26
92%
100
s
<16%
27%
*16
23%
24%
*106%
3
106%
; 26
27%
92%
92%
•
23
r
92%
3%
-
26
92%
23
,
'
23
26
26
93%
92%
23
22%
-
26
500
7*
2,400
100
92%
4,600
*71%
73
185
114%
44%
,?
*107
;
*46
:
;
74
,
9%
106%
*155
•
88
88
88
88
114% 115
•
/
45
r
.108 :
>
45%
*93%
95
•/•'; *93%
95
*53%
57
*52%
58
114%
45 %
108 'V
•■i'l.j
74%
46%
*107
7
t
45'/®
95
*52%
;
56
*93%
95
*52%
...
1
109 -v
*106%
Clark
56
..
A *43 V®
*106%
•
Equipment
——No par ,
O. C. C. it St. Louis Ry. Co.—-loo
5% preferred
100
Clev El Ilium $4.50 pfd—No par
Clev. Graph Bronze Co (The) ——1
ol
^referred ——————.——100
Clev & Pitts
40
180
'
94
*52%
7
45%
109
i
800
.
r
94
56
'
.
.■v;
^—
"
33%
33%
33%
33%
33%
34%
t
37%
;
'*
37%
37%
38
38
38%
.;
:i48%
,•148% 148%
137%
{
137%
137
'
148%
137;
*148%
137
-
151
•
<
63
623/4
62%
62%
29%
29%
29%
29
29%
*107%
107 7/a
*107%
357/a
363/a
36 V2
*107%
108
35%
36
-
•
*111%
113%
17%
18 "
19
.-
19%
20
20 :
*18%
193/4
317/a
32
31%
For footnotes
137%
62%
29 V®
31%
see
page
999.
-
*111%" 113%'
*18
19
*19%
*18%
*111%
18%
*18
19
*18%
20%
19%
32%
32%
*31%
32%
20
*18
32
*31%
,
*148%
137%
62%
39
34%
34
34
.
39'/.
151
•
137%
:
-
34%
2,000
39
39
2,100
151
10
138
900
-.*148%
138
*62%
63
63
28%
29 V®
28 y®
107%
--*107%
107V®
X107%
36%
36%
36 V®
-
*112%
113%
*112%
18
28%
50
38
.2,300
.
,
18%
*19%
20%
19%
*18
323/8
32%
32%
*32
conv
preferred
Colorado
270
32%
1,600
32%
100
i
59%
-
23%
J03%
^100.
109%
No par
4Va
25
,4
27
»/♦ Dec
38
Mar
11% May
47% July
'
Jan
V.' 40
X85
9%
Jan
Jan
Sep
j
46 V4
Apr
July
97%
Deo
*
25'/4
1
Jan
31 % May
'
3'/® Jan
.
5%
Apr
393/4 Dec
"
32% Dec
•>
127%
147
Jan
Dec
"
40% Jan
7
40
263/4
122 % Mar 16
Jan
3
Jan
Feb
54% July
403/a
Jun
102% Aug 21
2
Nov
96%
24
9
15 Va Jun
19 % July
4
Jun
Jan
25
Dec
22
3
Mar 28
98
•
Jun
,
Jan
8V4 Nov
Mar
115
41
4
x33
Jan
27
3
Jan
Sep
Apr
7%
Jun
July 18
32% Jan
72% Oct
20% July 20
30
July 5
163/4 Nov
193/4
110
Apr
18
Jan
24
114% July 13
99 3%
Jan
109
Dec
46% July 10
8%
Jan
34
July
50
July
July
13 Va Aug 23
.6
33 %
Jan
7 9% Mar 25
2%
Jan
9% May
18% Mar 25
7%
Jan
17% May
7% Mar 22
2%
Jan
25% Mar 22
10%
Jan
Mar
48
7% May
21 Va
Jun
29 3/4
July 12
13
18% Jun 27
65 Va July
8
-
Jan
16%
Dec
Jan
22
Apr
21% July 12
15%
47% Aug 18
36% Nov
48
23
,
Jan
13%
19 V* July 10
17 Va Jun
Dec
11%
543/4 Aug 25
Jan
1
Dec
3% May
8
July
5
243/4
Jan
19
67%
Jan
30
98 % Jun
25% July
Feb
107
10V4 Jan
3
10 Va Aug
4
41% May
54
May
153/4 Apr
18
Jun
3 3/4 May
32 %
Apr
853/a July
153/4 Aug
106
Sep
96 3/b
Feb
63 Va
Dec
23/4 Jan
-
Jan
27
5
77 V* Aug 16
8%
Jun
32 y® Nov
47% July 26
39 V* July
145
Dec
Jun 22
123
Mar
Jun
5
67
Feb
115% Jan
3
109%
Jan
45 V* Jun
19
12
28%
Jan
42%
Dec
101 y®
185
90
Jun
Jam
108%
Dec
84
Jan
92%
Sep
,53% July 22
50
Feb
54
Sep
'38% Mar 15
33% Nov
96
.
74%
1163/4 Aug
Aug 11
109
Mar fit
4
Aug
13
9 '
Apr 21
4
3% Mar
111
18%
37% Jan
5
4
Jan
Apr
July
Jun
Jan
116
-an f
Jan 4
* eb 18
14% Apr 19
1%
21
23s/a
'3
113/4 Jun
3
Feb 26
July 17
Jan 6
Mar 2
Apr 25
Feb 29
97% Jan
143/4
""
27% Jun 23
1
Feb 18
Jan
Mar 20
15
19
May
120% Sep
Nov
il
•
112% Aug
15
Apr
.5 ;
July 11
4% July .5
19
Feb
8%
16%
27
16% Jan
23
15
25V8 Jan
•>'
Feb
'
5% July 10
Apr 24
.—--2-56
B
*6%
6
Jan
3
Clas*
Jan
27
Jun
11% Jan
12Va Jan
13
Jan
26% Jan
non-cum
non-cum
'
Jan
July
32
12
Southern——j
100
1st preferred—100
2nd preferred—100
Columbia Br'd Sys Inc cl A
2.50
&
4%
'4%
V
Jan
92^
521% Mar.22,
145'
ill
1% Mar
9 V4 Apr
*193/4 Apr
'
'■ 30% May 3
34% Apr 20
Preferred
Colo Fuel & Iron Corp
19%
*31%
No par
J—No par
100
Coca-Cola Co (The)--—-No par
Class A
No par
Colgate-Pafmolive-Peet
No par
$4.25 preferred
——No par
Collins & Alkman
No par
;
Cluett Peabody & CO-
350
18%
19%
32%
19%
32%
19
19%
*18%
A
50
Molybdenum
Climax
io
6
4-
37 k Apr
7% gtd——50
stock—
700
18
18
RR'co
Special gtd 4 %
>
106 s
k
5%
114
18%'
19
20
2,000
108
18
18%
32%
113%
37
220
63
Jun
Jan
Jan 12
111
Mar
56
>
Nov
13%
29%
112% July 20
4
5^'8
«%
12
Wt A FeJ.17
148 Jan 7
73 ^
102
.—-—8
*13%
-
50 V® July
t
47 Jan b
13. Jan 4
14 /a May 4
lOi
J00
10
r
114% 114% /
•
City Ice &
10
i
- >
,-•*43% >■45 V®
109
88
Jan
14% Jan
No par
City. Stores
'
*85 V
113%
.-113%
185
>
Corp
400
;
f'
47
*155
i 88
:•
5%
;.-.47
•0
25
3
Copper Co
6% ,Dec
'
7
1A Jan 3
24 May 29
77/4 *eD '
-No par
400
•
74
9%
437/®
185
*155--
114%
*93%
<
Chile
Chrysler
/
10
Oil
Co
110
106%
74
9%
*9%
-
-
C 185
114%. 7/
44%
*73%
9%
*106 V®
106%
46% V 46%
185
;
108/:
*106'/®
74%
9%
47 :■: •'7 '
u..
——
*106%
*155
.
90 ?
*88
.
*9%
-'47 .':
*155
——
74
73
9%
*9%
*46
V
106%
tChilds
Cotton
6%%
'
*106%
Chicago &
Fuel
preferred
City Investing Co
2,300
23
*22%
23
90
,
26
92 Va
7',t".
92%
Chlckasha
1,600
1,300
16%
'
.47"
50
50
RR Co
preferred
200
.43,500
-
44 Apr 19
5% Jan 3
11% Jan 3
•*
18 Jan 4
21% Apr 25
x^3/8
15 /a Feb 24
16% Jan 3
38,4Jan 7
40
claS8
Chicago Great West
5%
11
^--5
25
No par
Northwest'n w 1—No par
5% preferred wi
Chicago Mail Order Co
5
Chicago Pneumat Tool
No par
$3 conv preferred
No par
Pr pf ($2.50) cum dlv
No par
Chicago Yellow Cab—
No par
7,600
.
'
54%
*16%
1,000
47%
*54%
15%
15%
*46
54%
v
54%
—
.
19%
*18
18%
18
19%
>'7
800
49%
18%
62 V®
61%
——'
: 10,100
6%
6%
6%
15
,
'
13%
46%
47%
30% July
"
4
Jan
a
v
Jan
*
"
17% Apr 13
27
Checker
Apr
25% May
Jun
51% July 14
4
Jan'
Feb
23
preferred
Cab Mfg
112%
43%
24%
J—
Co
112%
22%
:
5%
6%
Apr
^ 36V* Jan
Jan
4 ,e
57
5
Champion Pap & Fib
43%
47
15%
>.
Jan
52%
%
July 10
--No par
No par
Chain Belt Co
22%
•
May 13
30%
5 Vb
:Jan
16
Mar 16
110
100
preferred
6% prior
900
'
7
>
112%
22%
——
3,560 ;
Mills
83%
Nov
'
54
J
No par
Preferred
100
Cerro de Pasco Copper—,—No par
Certain-teed Products
-1
Century Ribbon
700
28%
43
7
7}
19%
28 V®
*111%
42
90,000 /
7
27%
-7
;
1,600
108%
19%
27%
500
18% July
Nov
29%
"
;
.
116 32
6 Va
107%
1,300
;
11%-
33%
7%
*27
7
116 V4
109%i
*19%
*6%
*
33%
*33
6%
20
46%
—-
„.
26%
v
105%
27%
*40%
26'/a
26
6%
20
*112
.
106%
6%
101
27%
'
—
26%
*11%
116 §S
33%
98%
t
500
9%
9%
10
26
10
9%
V;.X
*9%
*116 %
24%
9%
25%
'
3,000
115
*113
115
'
10 V®
93/4
4%
4%
4% V
-
*113
...
*93/4
■—
4%
4%
4%
*113'
114%
100
2d preferred
5%
Jan
12% July 12
Corp
No par
Jan
3
preferred——
—20
Apr 20
Central Aguirre Assoc.——No par
Jan 13
Central Foundry Co
—,_„78 Jan 31
Central 111 Lt 4%% preferred„100
107
tCent RR of New Jersey
-100
8% Apr. 22
Central Vloleta Sugar Co
20 /4 Apr 19
•
Jan
Jan, 7
39
31%
96%
113
11 »
/• 17
19%
Oct
Jan
9%
19
Jun
151
44 %
May
10% July
,2%
7V4 July "6
4 Apr 19
33
75
*49
;
'
143'/a July. 12
:
•
6% May
Jan
42
19
27%
Jun
65 %
•
21% July 10
30% Sep
1
8
Apr
20%
8
.
>
Jan
Jan
l% Jun 28
3
Feb
Feb
4
Celotex
220 ;
r
Jan
8%
42% Apr
97
/
No par
No par
1st preferred
$4.75
*
4%
4%
*113
Corp———1
Case (J I) Co—
7-25
Preferred
-100
Caterpillar Tractor——;—.—No par
Jun
v
3
6%
43%
—5
Co
Celanese Corp of Amer
2,100
14%
18%
-
Carriers & General
700
122%
/
2,800
102%
36%
14%,
21%
22
49%
18% '
14'/a
*18
10
,
102%
102%*^
14
700
2,800
.
Steel
Carpenter
400
•
*121%
36%
102%
*18
5%;
•
-No par
Mills
Cannon
Capital Administration class A-.-l *
$3 preferred A———
10 Carolina Clinch & Ohio Ry—-100"
240
-
149
36
36%
102 Va
122%
,
149
49%
•
;
'
ioo
U7S
;
37%
37
151 r
*149
2,000
;n
•
Oct
15%
Jan
33 A
1-25
Canadian Pacific Ry
5,700
Vi¬
%
25%
'
32
*5% ;
5%..:
37
36%
"
36%
183/a
21%
37%
151
lli
32
32
^ 5%
-5%,I
5J/a
37'
*149
50
14%
14%
*18
/ ' •;
111%
111%
•31 Va'
102 Va
36
102 3/8
122
5%
36%
*111
31%
• •
Dry Ginger Ale—,—r--?"Southern Ry Co
-100
Canada
I
8%
50
*49 Va
:
;•
Zinc-Lead
Callahan
109%
29 %
5% Jan
5
4,
3,100
■;
-50
50
?*8%
8%
50
*49%
l
102 Va
36 3/8
102%
31%
151
*149
8%
9
50:
111%
111
111%
36
37
36
*49%
*313/8
; 151.
49%
*8%
50
111%
53%
*5%
37
49%:.,
9
*49%
*111 7 111%
7' 31%
31%
*149
*49;
50
;*83/4
9.
50
30% July
24
%
-—
May
21%
1
56% Mar
3
Feb
1—1
Calumet .& Hecla Cons Copper-j^-5
Campbell W & C Fdy-——No par
'
49
*49 %
Jan
53%
~*-No
Packing.
preferred-.
31%
41
-
1
Sep
35J/4 July
Jan
2%
86% July 10
25
Jan
9% Jan
8
1-67% Jan," 3
20
Apr 18
Nov
105
16% July 10
18
2,300 1
f
10% /
10 Va
10 Va "r;
3% July
2% Apr 25
12 y2 Apr
18% July
20%
12
8
Aug
Apr
10 %
16
6
12% July
31% Sep
54 V4
7
Jan
24%
\
5
Jun 27
72
y 24%
5,500 :
7
30%
41%
;
.>4iy8
41%
10 V»
10%
30%
Feb
28'
14%
13
52% Mar
4
par
8,000 -i*
■
20 Vz
X20%
-
•;
6
,-50
5%
270
"
'
?
California
7
63/a t"
6%
20%
29%
6%
f
55%
.
20% .20%
29%
29
1 Va
;;
Byron Jackson Co
1,400;
I
55%
.
56 .nm
'•-lVa
lVa
25
28%
"
'
28%
28%
*55
1,700
;
'23
23
Jan'
116% May
; Nov
6%. Nov
6% July
3
8% Janv
No par
100
-No par
76% Jan
43
.
'
7
54
—5
Copper
'
' 20 Va Feb 24
f41% July 17
33
July 12
llO'/a Mar
9
15% Jun 30
;
43% Apr 25
30
preferred——
& Zinc—
conv
Byers Co (A M)
: •> Participating
preferred-*
130
>
5%
s
Butte
300
14%
.
—1
Terminal
Jan
4
preferred
—_—a
-100
Bldg 1% preferred—100
Butler Bros
a
a——10
■
81
i
preferred
6%
7
20% July
4
16% May 19
Bush Term
2,900
Jan'
10% May
118% July
97/a May
■
'
July 8
Sep ' 1
'71% July 8
11% Jun 29
31
Burroughs Adding Mach—No par
(
11% r
3%
t
.
48% 7..
7714%*
*14% 714%
14% 7 :
'7;
7; 3iy4
3%
3%
14%
48
// 11%
31%
3%
31%:, 7
73%
67
f *63
' ■ a:
48*
'
*30%
31
31
31
*3%
*14%
67
47%
11%
48%
11%
,
*63
67
■
.
5%
.
4,300
Jan
205
7% Apr 19
—1
100
a
Jan
12 %
May 12
27% Jan 25
107
Apr 17
3
12 % Jan:
—:
Jan
3
47% Jan",
17
Jan
6%
98% Jan
par
13
3
104%
5% Jan'
No par
Burlington Mills Corp
July
42% July
20% July
~
11% July 12
,
1—a—No par
-
Bulova Watch
•»
-6% ■<
6
f"b
Bullard Co
23
,
Jan'
*
-
121% Aug 31
Jan
6Ys
1
Co—
800
'
67-
47%
*63
Forge
500
14% (
'
-—No
Wheel
Buffalo
1,100
:
109% f
*108 Mi
••14%
Budd
300
32% C
14%
-6%
260
J
40% f
7*32%
109%
7
14%
1,550
'
t: 2,700
7*4oy2'
32%
*108%
14% 77
20
17%
41 7'Y
32%
7
■
10% f:
*19%
■>
-
18
7*39%
*
109%
14%
20"
(7 7; 7
68% f
: - io
7,900
^
105
77 68%
"10%
18
17 % 7
40
*108%
L
14%
6%
6-".-
6
,,
40%
11%
201-%
2017
7 68 77
;
*19%
40
32
*108%
19%
31%
17%
A
*39%
199%
20
123
107/a
11 %
10
"r 10
10 v..
19%
19%
11% 7
11%
69 a L
9%
121
*119%
•'
11
10%
10%
18
121
4
17 y4 Jan
116
■
120
44% Aug 14
<
Jan
39% July 12
July 11
146% July II
67% Jun
1
33 V4
.
Jan
May
88
.
61
,
.
153
Jan
142
152
123
Dec
29% Jun
1
16%
Jan
108'/a Jun
7
*103%
Dec
17%
Jan
38
Sep
114
-Jan
1
11
20% July 10
23% May 27
108
,
Jan
13% Nov
'
24% May 27
2 V4
Jan
3%
.
48% Mar
40
July
Jan
3
Sep
July
68 V®
Oct
25
Dec
109y® Julv
28% July
1147/a
19
19
19 y®
Oct
July
Sep
Sep
Jan
17% Sep
28
15%
Jan
26%
Dec
32% July 10
15%
Jan
26%
Deo
23
May 26
33 V4 Jun
.
Monday, September 4,
FINANCIAL CHRONICLE
THE COMMERCIAL &
992
NEW YORK STOCK RECORD
LOW AND
Saturday
* per
snare
y per
i per snare
-
>Z
83 %
84
*76%
77
>>/'
19%
84%
19%
19%
l
44
44
*43%
'.
41%
41% .p.
87%
'''
28
'
28
; 27%
>
27%
"
>
27
97%
3%
24%
24%
>"
*106%
'V.
107,
5%
107%
23%
23%
*5%
23%
873/4
28%
28
£8
27 Vb
•273/4
97%
*27%
97%
243/a
24%
1063/4
106%
5%
5%
23%
233/8
>
22%
*12%
12%
12%
12%
12%
12%
12%
*12%
12%
;
31%
32
32
32%
313/4
32%
32%
323/a
•
13%
23%
23%
,
143/a
14%
233/s
23%
23%
14%
14%
14%
16%
*16%
109%
109%
:-r-,
Hlr-
109%
110
26%
26%
26%
>
114,,.
40
*111
407a
40
n%
11%
11%
47%
47
47
7%
7%
.11%
11%'
47%
;
800
,'*48%
4 9 3/4
100
16%
y 27
43%
8%;
8%
1123/4
*10%
11%
28
2934
*29
16%
16%
*1.6%
1,900
Continental
Continental
7,700
Continental
44
44
*43%
43%
43/2
12%
12%
12%
12%
12%
12 3/4
X12 %
12%
12%
12%
50%
*50%
50%
50
503/4
*493/8
503/a
493/8
493/8
21%
1,300
21%
21%
213/4
213/4
50
50%
50
50
50%
50%
*50
503/4
50%
50%
59%
59%
59
59%
59
59%
59
59%
/ 59%
59 %
*179%
1793/4
90
•179
180
180
4%
4%
...
6%
4%
6%
4%,
6%
6%
6%
4%
180
180
213/4
213/4
22
180
*179
180
24% July
Jan
105 r- July
Jan
3% May
19% May
27
%
25% Jun 22
7%
Jan
2%
Feb
6% Jun
12
Aug
14% Jun
15 :
3
8
45
Jan
4
102% Jan
5
20
Feb 15
7% Jan 27
105% May
-
32% Feb
5
17% Feb
Corn
Exch
Corn
Products
4%
Jan
16
Aug
7
21
Jan
18%
Dec
Jan
47%
33%
89
Jan
16
Jan
23%
Jun
x4%
Jan
11%
Jun
112% Aug 31
96
Jan
110%
Sep
26%
Jan
36%
Jun
Jan
15%
Jun
40%
Jan
49%
Sep
43% Jun
10
27
7
6%
03/a
2,400
Coty
43/4
4%
4%
1,700
18%
Jan
27% July
x9%
Jan
15
45
Jan
53
15% Jan
44% Jan
25% July 12
13%
Dec
3
1
3
4V8
Jan
7% May
25%
Jan
37% July
507/s Sep
1
60% Aug 18
37
53%
Jan
184% July 10
173
3
6
7% July 6
5
Aug 18
—18% Feb
7
100 / 104% Jan 20
2
20
Jan
3
27% Jun 28
110% July 21
257/a July 11
1
1
4,400
Crane
5: Jan
1% Jan
10
Apr
Aug
17% Aug
Jan
52% Apr 28
173% Apr 29
20
Coty Internat Corp
Oct
19 % July 5
46
Jun 22
13% July 5
52
July 31
16
5 % Jan
^25
Co
Dec
19
41% Jun
No par
Inc
6%
43/4 y
107
12 % Aug 12
38% Feb 29
10% Jan 4
47
Mar 20
May 24
x27% Sep
24% Apr
:
No par
No par
5
50
Corp
1
Refining
Oct
>13% Mar 16
• 47% Aug 25
8 % Jun 29
33% Jan 22
30% Aug 18
>10
5
Preferred
Sep
Aug 30
110% Aug 30
27% Aug 22
10
Mar 10
49
100
Trust
Bank
270
8
27% Mar
$2.50
1
5
Electric
6%
63/,
>43/4
Jan
Nov
of Del
prior preferred
3,800
-
Apr
Dec
17%
Motors
Cornell-Dubilier
6%
~3%
15%
24% Sep
1
16/4 Mar 10
Insurance
Copperweld Steel Co
Conv pref 5%
series
280
*21%
$3
2,900
*50%
*213/4
Can
Cooper-Bessemer Corp
90
Nov
91%
/
107% July 26
•
Jun
Jun
247s
100
Continental Steel Corp
1,400
44
■
July 10
-
11
25
Jan
10% Jan
3
20
10,700
293/4
25
15 /
17%
-
18% Jan
100
7%
28
Jun 16
29% Apr 12
98V2 Jun 13
4% July 5
28
23
5
2% Jan
>19% July 15
•
29%
Inc
473/8
i6%vy
,
10
21% Mar
Continental Diamond Fibre
16%
16%
July
Nov
preferred
Continental
1,100
*28%
293/4
:
Dec
27
Jan
Nov
No par
510%
x27%
28%
28%
28%
*29%
28% Aug 31
3
9%
1,700
OH
82.
24%
50
2,000
73/4
1% May
-
15% July 11
25
403/s
*47
■
3
pfd
10%
8
Jan
36% Jan
21%
-
12
Continental Baking Co
8%
32
.
Sep
Jun
July
Jan
,
pfd—No par
Container Corp of America
20
100
;183%Junl6
1% July 13
87% Mar 11
16
11 % Jan
24
Ll
Pow $4.50
'
iv/a'r::
x7%
8
6%
403/8
Z
47
47
47%
83/4
114
*110
'
:
.
~
Jan
'r y
7% Jan
15
Gas
preferred
Consumers
3
9%
No par
of Cuba
RR
$2.50
l
;
13% July 19
32% Aug
2
Consolidation Coal Co
180
!
44%
16% Jan 13
;
V
—5
1,800
•
27
"8%
'
1123/4
40% / 403/4/'.
43%
16
44
44
8%
40%
110%
110
; Z.27
16
30%
*29%
30%
110
'
7%
28
27%
;
16%
47
7%
7%
28
27%
*29
27
"
'
:
'■"■r-.
14
16%
29% Jan
2% Jan
No par
Corp
pfd
conv
Consol
2,100
14
27
1
preferred
Laundries
$1.25
4,000
16%
110
110%
$2 partlc
Natural
16%
-50% July 15
102% Jan
Industries
Consol Film
Consol
■;
Jun
107%
15
21% Feb
No par
preferred—
Vultee Aircraft
14%
1123/4
8%
8%
112%
<*110
40%
40
'
*8%
8%
: 8%
*110,.
49
$5
i
July
Jan
95% Jun 23 :£
3V2 Feb 17 /
»
41
44
Jan
20% Jan
par
19% July
:
Jan
21% Jan 27 /
No par
6
Jan
25%
/8% Feb 23
par
9
23
July 6
30%
v
No
Y
N
Consolidated
493/4
'
"
.
'
^
i'Z no
26%
26%
49
49%
*48%
;
of
Consolidated
16%
16%
49%
24%
.
:
14%
143/4
*16%
*48%
>
*483/4
14%
16%
Edison
Consol
28,700
32%
.14%
23%
preferred
$4.75
Consol Coppermmes Corp
3,200
32%
23% ">
16%
.
■%
14%
24 ;
14%
i—
:>-■
■f».
14 %
23%
•
_No
..No par
98% July
104%
243/4 Jan
No par
Congoleum-Nairn Inc
Jan
10
Jan
•
•'
79%
15
19
% Feb
79
%/:'■:
25
Conde Nast Pub Inc
Consolidated Cigar
600
12%
■14%
-
143/a
Edison Co
800
8,600
-/
No par
73
47
43% Jun
14% Apr 18
' .V":; 'T
Oct
Jan
106% Jan
</
par
Sep
Jan
37
11 :
Feb
No
Commonwealth
1,400
: 1,900
23
105
Jun
40%
22% Jun
39% Jan 25 ;
37% Jan
3-
10
100
40% Feb
2,100
•;
5%
.5%
233/8
■"
13%
107
5
5%
No par
'I'i;y
12,300
243/4
24%
106%
24%
107
>
12%
•
yy 4
1
16% Apr 24 >
/
220
1
973/4
'97%
•4
3%
4 ■'//
-
par
preferred
800
:
f
14
$6 preferred series
700
27
•
Feb
Commonwealth & Southern—No par
,: 10,700
27%
*20%
27%
97%
*18%
Z
277a
84
No par
3,200
19
>:/
18
18
*27%
•
;
par
Credit
5%
77%
93%Jun
7
;
share
Jan
1%
6
Highest
i per
share
85% Mar 14
80
Mar 9
3/
Feb
No
Co
S'A Mar
;
Jan
Commercial Solvents—.—
56,600
1%
1
;
Apr 25
76
70
Pictures
conv
-.4
.
Comm'l Invest Trust—
3,800
86%
16%
27
.
y
par
t per
$ per share
per share
100
100
preferred
.4%%
t
>
Lowest
-
Highest
No
Carbon
Commercial
/ 2,700
No
preferred series A
preferred
$2.75
300
' V-1%
23%
5%
23%
■
5% '■
2,800
873/a
273/B
24%
1053/4
24%
24%
106% 107
'
'
;
447a
,
$ '• 47% '."47%
:;/.16%'16%
47%
27
3%
Columbia
/ 16%
-l; i
'
>
400
x41%
110%
47% '
18
3%
>
193/4
41%
*105%. 1103/#
27%*
98
3%
Columbian
193/4
19%
97%
27
97%
27 >
27
*97
3%
>
100
:
.*41%
'
/":/
88%
*86
43%
17%
ZZ;
27%
27
5%
413/<
27%
17%
*17%
17%
27%
6%
100
41%
'
*16%
1,500
78%
43%
.
'
85
41%
.*106% 110
> *106% 110%
•> 47%
47%
47
47%47% V /
16%
16%
16% ; •> 16%
16%
'
f>>
i
'i%
-1
■
17a-,
i%
87%
87%
87% v> 87 - 87%: ':
28
'•> 27%
843/4
87%
Par
Columbia Gas & Elec
13,300
43/4
77%
78%
*19%
'
v
45
.
'
j
1
4%
-
78%
:
89
'
16%
;
>
85
87%
77%
110
47%
\
/
;
Year 1943
Range since January 1
y
Lowest
■Shares
$ per share
.
•
V
'
*106%
84%
77%
Sept. 1
:
4%
4%
*87 %
19%
19%
4%
84%
*
88%
41% >> 41%
41%
'
■
77
77
19%
45%
•44
4%
84
*87%
88%
*87 7a
>
83%
'
;
•
S per share
I per snare
snare
4% *
4%
4%
4'/2
Aug. 31
Aug. 30
'
-•
EXCHANGE
the Week
Range for Previous
,/y,, ■
STOCK
NEW YORK
Sales for
Friday
-
Thursday
Wednesday
•
Aug. 29
Aug. 28
Aug. 26
STOCKS
HIGH SALE PRICES
Tuesday
v
Monday
■>
47
Apr
61% May
Dec
186%
Sep
2%
Jan
6
1J
Jan
2% May
May
'
26.
108
*
26
iv
'25%
■
108
r
25%
25%
25%.
25%
V
107%
108 %
*107%
*25
25% >/
25
26'
x253/4
=
1073/4
26
25%
'
?
25%
26
26 >
'
Co—
preferred—
(The)
'
y
106% ,106%
106%
X106
y
25%
,5%
190
conv
800
25%
22
22%
Cream of Wheat Corp
900
25 Vb
Crosley Corp
•
'■ X22%
I
22%/', /.
21%
21%
22%
22%
*37%
*49. '
38%
*37%
38%
*37%
383/4
*37%
383/4»;'
*38%
38%
49%
49%
49%
*473/4
493/4
*473/4
.49%
*49%
493/4
78%
33%
33%
v
;
53%
17%
>"■ 17%
17%
120
27
25 :
53/8
173/8
z
17% ;■ :■
120
26%
*21
55
5%..'
*110%
*26
10%
134
54%
5%
*110%
,,
135
53%
5%
*107
10% L
10%
132%
5%
25%
*28 s/s
108
53%
*142
28%
28%
10%
'
25%'
*107
131
16%
16%
25%
108
10%
131:
23%
142
142
28
*107
78
23%
16
'
.
25%
Zv 28
33%
*78
78
144%
25%
19%
*102
23%
15%:';
15%
i.-
101%
24
*142
...
19%
101%
33% /
787t
33%
&
*19%
102%
*22%
...
v
*
19% ;
19%
102%
22
22
*110%
26%
26%
197/a
19%
102%
23%
*106
l
108
173/8
120
3,100
No par
No par
1.
Class
2,000
17% y
'
9%
/./,
97/s
14
133/4
l33/4
*9%
978/,;/'
■'
*21
25
*21
.
>
14
133/4
97s
*21
133/4
Z;:
'
*111%
.*111% 113
113
*11172
113
v
35%
35%
35% >/
42%
427a
423/4
423/4
*347/8
3574
35 74
3574
20%
20%
20%
347s
34%
3474
7%
73/4
7%
73/4
20%
>
207s
203/8
203/4
CO
60
*61
62
393/4
40
*39
397/a
31%
3172
40%
40 %
>:>
>
62
*60
,>>39%
,
3972
32
32
41;
41
;"
>:■
*99
!•
*99
20
20
20
21
343/4
3574
343/4
77a
73/4
75/a
207a
20%
>
313/4;
>'.
403/4
41
Z
100
18
t.>
/
153/8
15%
1577
2372
..X323/4
*99
18
47
40%
2374
23%
40%: ;Z ';.405/a
23%:/;: z; 23%
5574 //' ,z 55%
5474
5574
112
127
'■
119
;
18
467a
233/4
5672
56
113
y
2,500
16
119
119
*15%
1253/s
119
•>;:
1527z
15474
1187a
118%
'"*118%
12%
137a
39%
1657a
167
167
166
39%
166
188
188
188
*188
192
-
167a
166 3A
47
47
22
21%
22.:
44%
44%
44%
443/4
45
45-
xl 174
11%
11%.
11%:
11%
11%
166%
47%
47%"
■
45
11%
4%
4%
4%
4%
4%
4%
5
57a
57a
933/4
57a
57a
93
93
*86 7a
4472
44%
44%
34
34
34
105
66%
15%
1003/a
1674
"
667a
106
106
153/4
101
45
34%
*65
106
8874
100%
*88
443/8
34%
*65
106
167a'
1017a
153/4
100 3/8
94%
♦101
*44 7a
34%
34%
65
66
1057a
106
16
101
101%
1007a
*101
1017a
101
101
1017a
1017a
1
*%
%
55%
page
%
*%
11
117a
117a
999.
-.
H
557a
11
117a
100%
?JL01
'■
55%
55%
,1
55%
4574
11 3/4
600
Oct
81%
Jan
99% Aug
36% July 10
27%
Dec
38
July
81%
28%
17%
142
*66
827ft Tuly
Jan
22% Aug
7%
Jan
14%
Jun
Feb
115%
Dec
10%
Jan
2574
Oct
18
Jan
26%
Jun
100
Jan
105
29% Mar 15
29% Sep
1
108
Aug 2
11% Aug 31
140
July 11
56 ' Sep
1
> 6/4 Jan 7
;
July
Nov
9%
5
Mar 10
July 5
Aug 29
1%
Jan
30%
Jan
17
Oct
7% May
116
Jan
5%
45%
Dec
Sep
>
Dec
14%
17% July 12
107
Nov
9% Apr
24% Mar
119%
Nov
26 3/4
Jun
6V* Jan, 4
' 19% Mar 17
137a Jun 12
3%
17 12108%
10
26
29
12
Jan
7%
19
19
116
Apr 18
Apr 18
Jan 17
Jan
3
July 13
22% July 26
167a July 10
11372Aprl2
3572 Aug 28
457/a Jun 27
353/4 Jun 19
223/4 July 5
37
July lo
>
5% Jan 3
187a Jan 12
9% Mar 22
21
July 5
Ocl
Mai
Jur
Jur
Sej
Julj
Julj
Maj
De(
Maj
v
52
Feb
2974 Jan
64
40
•
28% Jun 8
3874 Mar 31
.
111
May 24
Z{ 215/s Jan 5
3672
32y4
17%
177a
3
5
13% Jan. 11
x273/4 Feb 29
95
Apr 14
1574 Jan
433/4 Jan
3
5
3374 Jan
>.
4
:
95%
•90
9 6 3/8
"90
900
Elec
&
Mus
Jan
117
3
10
Jan
Jan
Jan
Jan
Jan
Jan
Jan
8% Jan
323/i Jan 31
>42 Sep 1
.
.
243^
>
;
■ ■
3/4 Jan
16% Jan
Aug 10
Aug 29 >
•»
15%
Z
40
17% Jan
26
Jan
37
Jan
43
367a
207a
17%
103/4
223/8 Julj
Mar
48% Api
35% Julj
>>
33% Mai
42/8 No^
Endicott
/
'
1,200
117a
1,800
Erie
117a
5,000
if
11%
55%
55%
Public
-
543/4
1017a
380
103
110
if
55
1,000
RR
Ctfs of
8% Ma
7
24
Jan,: 3
1
5%
pref series A
Jan
170
Ma
Sep
184
Ju
Jun
188 :
Aug 29
X173
30
35
Jan
453/8 Jul
Feb
19
,
50
Jun
22
Aug 29
11%
307a
Jan
397a Jul
19
8%
Nov
14
5% Jun
16
1%
Jan
174
Jan
4
9
5% July
3
3
3174
Jan
4
28%
Jan
33%
Jan
23 7»
Jan
5
497a
Jan
3
1017a
Dec
Apr 24
28
Feb
7
34% Aug 31
50
577a Jan
25
10174 Jan
19
:
273/4
83/4 Jan;
Jan
par
87
89
92% Jan
3
3
Jan, 3
10
3/a Apr,25
.No
Bldg
i
par
.No
par
9% Jan
4
.No
par
9% Jan
3
.—..100
46% Jan
3
Se
453/4 Aug 18
137a Jun
4
18
..No
benef Int.
29
1467a
171
Apr
■*
De
44% Jul
Jan
3974 Apr
par
11%
Jan
3%
3% Jun
,
;
common
9% Nov
3174
Feb
..No par
..No
Dec
Jur
Dec
Apr
Julj
130
Aug
121% Sep
17% Aug 15
Jan
10
Maj
1073^
357z
1072
>13%
15974
6872 July
1087a Jun
1674 Aug 25
2%
Jan
Ma
5% Ma
6% Ma
"
par
3
153
40% July 14
47% July 11
Service.
$5
11
*101
117a
Engineers
6
Julj
Dec
3
100
—
1
preferred—
$5 V2 preferred
$6 preferred
tEquitable Office
1017a
103
11
Johnson Corp
preferred
4%
No
Natural Gas———
45
34
Dec
3% Jan
v
—
Ind Am shares.
11
1017a
11
380
July
147a
Jan
Jan
Maj
/ 25% Sep
7372 Maj
115% Dec
94% Mar
140
18,500
1203,4 Jan 20
78
500
15 %
124
81% Apr 25
65
Nov
128V2 Mar 24
.No par
106
44
122% Nov
Dec
Jan
Jan
*106%
16
1272 Feb >2
574
17% Jun 28
9
162V2 Jun 19 ; 134
.No par
Paso
3872 Feb
223/8 Feb
157a Jan
377a Jan
(The)
17
355/a Ocl
100
Dec
1674 Julj
25
157
preferred———
Electric Storage Battery!
El
10174
57% Aug 21
8% Jan
213^ Jan
83% Jan
10
Jan
Jan 5
113
Aug 30
393/4 Jun 26
131
$6
900
15%
,
$7 preferred
,
1,400
101
103
>17% July. 51
36% May 9 :
100
Jan 25»
18% July 12
48
Aug 28
457a July 10 27% July 12 >
9974 Mar
34%
65
33
Apr
>6% Jan
175
Electrlc Power & Light—— .No par
443/4
*104 7a
•
/ 10% Feb 28
;> 163/4 May
44%
65
11774
Apr, 26
Jan,. 7
Jan 21
Apr. 19
Feb 11
Feb/7
Jun 6
Jun 7
/ 41
*33 7a
343/4
137
123%
May 12 :
May 13
Edison Bros Stores Inc
2,800
7.400
8%
11%
—1
Boat
400
28 74
Co
Autc-Llte
3,300
,
Mills
Rolling
Electric
4%
,
cum
Electric
5 7a
21%
47
114%
1063%
preferred—>
Eaton Manufacturing Co
6%
1,200
4%
.
,
y
Z 700
5
45
106
44%
11%
,
-
96%. >
90%
1
1174
10%
.
11
117a
r
55%
15%
:
100%
1007a
11
11
•
44%
103
1007a
947a
>90
90
Eastman Kodak
10
57a
88%
Eastern
900
:•-■••/;
.10
Co_.
Eastern Airlines Ino
165
473/4
Lead
Eagle-Plcher
700
193
22
v
1,600
•
473/4
v
1,400
*"186%
■'22
ll3/a
120
X165
1
45
;
•
200
'.■ ■
> -22
57a
*65 7a
*15% "15%
■•'y
>1
'
•47% r
:' -,22
227a
40
39
-Z
193
5
93
see
47%
-
119
12% •12%
/
*
1674/
*153/4
*188
'
1253/4
100
3,100
: 154
153
t
397a
*22
-•
1253/4
12 3/4
167a
16
16
./
1537a4
1253/4
*125
123/4
y
$4 preferred series A
8,100
1253/a
No par
No par
Dresser Mfg Co
No par
Dunhlll International
1
Duplan Corp
No par
Du P de Nemours (EI) & Co
20
$4.50 preferred
No par
Duquesne Light 5% 1st pfd
100
1174 z
16
: ■''>■:;
153
—
Dow Chemical Co
400
3972
39%
877a
Oct
17
Jan
No par
No par
300
1072
16
93
>y
39 %
13
5
..
*11274113
117a
39%
footnotes
>
39%
>15%
Fnr
112%,/
117a
16
-■;
'
128
./Dome Mines Ltd
3,900 tZ;Douglas Aircraft
39%
397a
*4%
47
Jan
Feb
25
No par
No par
Class A
7,800
'/"•■• 56% "57%: / /:■
*127 Z 128
v< ■->
56%
"
*11274
*12%
:
Oct
Jan
11%
15%
2
No par
100
—No par
'Doehler Die Casting Co—
700
11%:
r*15%
Distil Corp-Seagr's Ltd
5% preferred
Dixie Cup Co
270
,
3974
1253/4
•>
,70 41
237a' 243/s >
*1263/4
167a
*217a
-
Diamond T Motor Car Co
>
600
41=
39
1533/4
'119
1,300
11%
,
">
16
■'
12%
;
preferred
partic
6%
No par
-
31
37%
96
'
153
4774
Diamond Match
;
467a": 46 %
237/a
4074
47%
Devoe & Reynolds A
1,100
900
<
•■,;
23%
12%
165
-
Co—100
No par
Detroit Hillsdale & S W RR
1,000
15%^l'53/e
46%
407/s
*125
126',.
119;
is'
*17%
40
*186
1
"42
*32%°'33
♦gg^'^oo
U.
407s
127
1174
100
'
■113
39%/;;
'
=153/8/;
403/4
'127
38%
"''*15%
16;
,31%
42
323/4
*99
47.
112%
11
153
*17%
:'i 41
100
127
>112%
11/4
153.
'4-
y/42
32%
47
*1253/a
*41
Detroit Edison
570
3874. 39%>
31%
'
40
>>*15%
39
327a
•
32
Delaware Lack & Western
10
64
*61
100
50
20
Delaware & Hudson
;
6,700 >
20% >
20%
62
.•'39
317a
177a
127
-
203/4
203/B
*61
6,100
8,700
73/4
23% July
Jan
27% July 17
10
Delsel-Wemmer-Gllbert
600
35
73/4
1,500 >
21
35s/a
77a
48
103/4
500
35
15% /,
387a
•
20
237s
v.,.,
35%
347a 7
327a-!
39;
35%
20 y2
15%
1117a
352/a
*35
40
;
2,400
35
3272
>> 54/4
*1263/4
'
35
47
*17%
43
113
23% Mar
Jan
9
21 % Apr 28
114% May 20
CorpM.OTM.M,MHtM,..8
preferred.—'
25
Corp (TheV
1
Dayton Pow & Lt 4%% pfd
100
Decca Records Inc
1
Deere & Co
No par
Preferred
20
9
108% Aug
Jan
IV?
100
.
33
43
427s
16
32%
33
y. 14% Jun-
Davison Chemical
1,300
•
♦1117a
33%
'
W,
'
22% Jan
4
101
Jan
4
5% Aug 25
97
Apr 25
41
Apr 24
4% Jun 6
No par
5%
■
14 7a
34
35%
43
32%
*1574
147a
m:
*111%
-f
34%
>
25
*21
423/4-43
35
:
>
>J 25'>
14'Zr7;J4V4'
Oavegft Stores
400
9%>-
9%-/ 9%
25
pfd
Cutler-Hammer Inc
900
25%
.
1
100
A
Cushman's Sons Inc 7%
120
25%
No par
$7
19,900
5%
>
100
22% July
Jan
18%
22% Jan 18
>
Jan
16%
23% July 12
39
Aug 21
49% Aug 29
19% Aug 17
103/4 Aug 10
4
4
3
11% Feb 10
112
Jan 25
5
-
preferred
Prior preferred
Curtiss-Wrlght
400
56
.'17%
t
25%
x25%
;
55% :
■
>> *110%
120
*110%
26%
;*i35 :
:
Curtis Pub Co (The)
35,700
•;
Inc
Jan
28
100
30
preferred
4% %
11
;!> "/ 53%
Press
Cuneo
3
69
Jan
20% Jan
100
preferred
3
1
9
97% Jan 20
;
100
10
Cudahy Packing Co
800
135
:
55%
5%
7%
45
Jan
15% Feb
No par
preferred
preferred—
Cuban-American Sugar
10
1,400
29/4
10%
;
:
V 5%
"17%.
17%
5%
3,200
'
5%
Cuba RR 6%
108
*107
>:
11%
55%
$5%
'
253/4
283/4
135%
*134
16V2
25%
29
""■10 3/4
11
136
150
144%
*142
25%
*28%
29
108
400
16%
16%
25%
25%.
• ;
;
;.
> ••*23
144%
*142
783/4
23%
783/4
>
16% Jan
27% Feb
No par
Crucible Steel of Amer
2,300
'
78%
y 16%
16%
144%
33%
333/4
$5 conv preferred
380
/
No par
5
Zelierbach Corp
Crown
2,600
/
No par
No par
(The)
& Seal—
preferred
$2.25
100
102%
34%'
*23
Crown Cork
19%
1023/8
■'
*78%
23%
y 19%
19%
333/4
v"
79
,.
102 '
102
34%
;
14%
95
92
,
,
No
88 7a
No
42% Se
X32
Se
587a Jul
10372
.
De
9%
Se
Se
54
Jan
92
Aug 23
573/4
Jan
92%
Se
July
1
62%
Jan
96
De
174 Aug 10
74
Jan
1017a Aug 29'
103
104
,
13% Mar 22
137a Mar 22
W7/.
.Tnlv 17
87»
8
39%
Jan
1% Ma
163/4 Ma
Jan
16% Ma
Jan
523/4 Ma:
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4313
160
LOW
Aug. 26
*
per share
X
-
•
(
-84%
12%
88
12%
-
*13% ' 14
r
■■■-■
*3%
;
*83%
>
12%
'83%
13
13 %r
13%
13%
37%.
37
37
3%
4
3%
*3%
& Pitts
Eureka
■'
■;
Products
Co_
;
200
Exchange Buffet Corp
1,900
Fairbanks Morse & Co
15
6% Apr
19
S per share
1
68%
Jan
vd 3%
Jan
9%
Jun
5% Jan
14%
Jun
78
Nov
9% Apr
18
13% Aug 25
15% Jun 29
21% Jan
3
39% Aug 14
2% Jan
25
4% July 14
Jan
3
'41% Aug 18
30% Not
42
Mar
21% Apr 18
.__No par
7,400
4
Corp
Highest
$ per share
share
84% Aug 24
"
3
2.50
Ex-Cell-O
2,600
S per
78% Feb
50
5
5
Cleaner
Lowest
Highest
t per share
Par
RR Co—
Vacuum
Evans
700
,
37%
*3%
4
Lowest
:'
5,400
Year 194?
Range since Jannary 1
;
£
EXCHANGE
Erie
;
14
>
36
STOCK
YORK
NEW
'
12%
14
-
36%
for
Shares
88
-
12%
14
36...
,3%
3%
*83%
12%
*13%
Sales
the Week
;
•
S per share
88
12%
..
13%'
Sept. 1
X per share
88
12%.
37%
-
37%
37%
88
Aug. 31
-v
I per share
per share
13-
0 84 Viz
r-,.
*
per share
Aug. 30
Friday
Thursday ..?
Wednesday
!■
Range for Previous
STOCKS
PRICES
SALE
Aug. 29
Aug. 28
■:
HIGH
AND
Tuesday
Monday
Saturday....
26% July 17
"14% Jan 17
21
Nov
28
Nov
11%
May
Nov
19%
July
*•'
20
29 % Mar
% Jan
;
Nov
3% July
I i'.._
"
■r-. 41 %
;;25%
•A. 12%
B.
17
*20%
12%
12%','"
102%"
*102 %
21%
21
21
9%
27 y4
27%
-
101%
48 %
47%
49%
108%
*107%
43%
23%
*23%
*107%
110%
30
•29%
■
'
14%
»60y4
60%
60%
60 v4
21%
221/4
22
22%
"
•
'41
*108
,
y ■■ y
30
45%
;
41%
'
33
41%
500
Food
60
60
22
:
17 Vs
;
•17%
17%
\v
F'k'n Simon & Co Inc
20
41%
41%
114
X6
6
6
5%
6
4%
4%
4%
4%
6%
6%
*16%
17 Vb
19%
18%
20
:
41%
290
*16%
17
>'
17
*16%
17
*63%
70
21%
*53%
*40%
70
X20%
<
17
40%
40%
•7%
21
21%
54%
A •:
7%-:
>
54%
>
y
,
13%
*13%
5'%%
106%
*106%
106%
48%
49%
49 %
49%
8%
8%
8%
8%
A
8%
*152%
155
152 J/4
13%
*106 %
49%
•
8%
*152%
155
10
155
155
*152%
'
*9%
9%
9%
6%
'•
6%
6%
99
98%
27%
152
*150
38
,
•
38%
.
116
135
110
110
>131%
i'
62%
62%
*129%
*51%
21%
21%
*21%
10%
10 %
10%
21%
21%
21%
10%
2,800
17,300
100
113
135
100
V
138
;v
400
10%
>12
12%
11%
*25
25%
*25
*87'"
25%
25%
89
•
*86
2?%
22%
10%
10%
3,600
*1%
l7/s
300
Gen
25%
400
"l%
20,200
18%
78%
V
23%
23 %
23%
18%
18%
18%
*18%
78%
78 %
78%
*25%
25%
*110%
*28%
29
*28%
29
*110%
112
*110%
112
23%
24
24
105
*103
23%
23%
*103
105
*103
12%
12%
12%
*84%
85
85
12%
12%
86 v
16%
16%
98
98
24%
51%
>49%
2%
2%
2%
25%
86
12%" *
85
-
-
98
98
98 V
24%
24%
24%
*49%
'3%
123
51%
51%
'102% 103%-
51%
*49%
2%
2%
2%
123%
51%
*102%
■
3%
3%
123%
3%
3%
123
y
;£
123
*102%
103%
*102%
103%
48%
49%
110%
110%
110%
15%
15%
*noy8' 112 y2
*110%
112%
*110%
48%
110%
14%
*110
4%
4%
4%
4%
4%
*4%
> *17
17%
*17
13%
*13%
*13%
v-
37
37
24%
*23%
?
36%
>-
<
24%
16%
16%
a >16%
38%
38 Viz
38%
27%
27%
27%
155
155
*57
59
*48%
48%
155%
*57
48%
49
4%
16%
38%
155%
59
16 Vs
3«%
38%
38%
27%
27%
16
156
155%
156
*57
59
156
11%
11%
11%-.;:?
16%
16
16%: V
6%
*168
6%
170
1
6%
6%
*168
12%
12%
12%
12%
12%
52%
52%
52%
53%
*52%
45%
45%
46
45%
46
,
5%
--
y
&~West
RR
.
1,700
5%%
ir
-
4,100
Grumman
3,700
Guantanamo
6%
?
•
3,400
8%
50
;■
12%
•12%
?>'/; 45%
8,100
,11%
;
(H L)
Green
V
Gulf
$R
1,300
52%, ' 52%
.
■
—
49%
tyie%
6,500
46
7
July
5
2%
Jan
5 %
July 10
July 5
1%
Jan
9%
Jan
14%
47% July 18
19%
Jan
30% July
5
17
18 Vs Jun
3
7% July 10
x21 % Aug 30
107% Jan
Jun 21
Apr 28
Jan 24
Feb
14
155
8
Jun
Apr
11% 'Dec*
Jan
134
107
Jan
5%
28
Jun
Apr
51
Jan
3
4%
Jan
18% July 10
7%
Jun
Jun
151
Jan
2%
Aug
9%
Mar
7% July 10
,
6%
14%
53 %
Jan
'
37
6
Jan
11% July
■
Oct
Jun
102
,i
50% Aug 17
9% July
Jan
6%
14 % July 20
loy8 Feb 11 :
105
41 %
7%
143,
6%
Jun
4% May
9% Jan
51
54 % May 19
3
4%
28
1
128
Aug
9%
Jun
8 % May
18% May
14
71%
Jan
July 12
Aug 15
20%
Jan
130%
Jan
39% July 11
30%
Jan
39% July
43% July 12
34
Jan
44 V8 July
102 % Aug
29 %
152
117
.
98% May
117
Jan
7% Jan
Jan
69
llVe
x83
is %
45
par
par
1
}
--1
2A
85%
40
98
100
.
preferred
Aircraft CorpSugar
preferred
Mobile & Ohio RR
No par
10
1
—No par
—100,
No par
No par
nrpferred
Gulf Oil
100
1
25
Corp
,
6% July
Jan
24% May
Nov
4%
Jan
3
&
Jan
2% May
July 10
12%
Jan
25% May
Aug 24
X104
8%
Mar
115
%
Jan
31%
Jan
Jan
9%
Jan
Aug
59
15%
Jun
*1%
Aug 10
19% July 12
88% Jan
31
15*/«
Jan
91
16%
Jan
Jan
108
July
Jun
23% May
113
Jan
14% Jan
19
Dec
24 Vb
15%
July 15
22
25% Jun
Jun
Sep
23% Mar
60
22
15
113% Apr
Dec
25%
Jun
105% Aug 23
4%
13% July 10
90
Jun
X99% July
Jan
Jan
Aug
85%
4% May
48
A
73%
123% Aug 29
19
112% Jun
26
16% Sep
9
Aug
.
45%
Jan
Jan
Jan
41% July
•
90%
Jan
108% July
4%
Jan
9%
Jan
101%
80
7
5% July
20
Aug
7
3% May
97% Aug
Sep
25%
1
110
1% May
Jan
24%
17
Jun
Jun
83
19
Feb
50
Jan
1% Jan
4
54% Jun
Oct
22% July
41
1
104
Sep
14% Jan
3% Aug 21
*
May
14%
59
July 11
52
74
5
7
25
9% May
Jan
60% Jan
17
17% Aug 18
3
5
Oct
Apr
Dec
2% May
1* Jan
3%
Sep
102
6%
Dec
Apr
July
8
Jan
17
5
7%
Jan
13% May
37% Aug 31
29%
Feb
37
Sep
25% Mar 15
24
Dec
26
July
13%
Dec
18
Apr
18% Jun
19
•
16
.
28 3
3
3
15
23
17
17
29
Apr 18
3 k Apr 3 »■
123 Jan 26
6% Jan 3
33
Jan 3
43% Apr 25
11
39
"25% July 10
.7
14 Vs Jan
131% May
•
2% Aug 10
6
25% Jan
24% Jan
143% Feb
57 May
43 % Feb
19% Feb
11
Apr
125% Nov
July
13%
90
3
18
8
3
Sep
July
56
Jan
17
120
Feb
3A
15%
9%
32%
44%
Jan
2% July
?
4
Jan
May
Feb
'
Jan
-20 ;; 23% Jun
5
107%
137
128% Nov
11% Aug 21
6
Jan
Dec
Jan
26% Jun
Jan
Dec
2%
28 %
Jan 4
Apr 26
«Jan
Sep
3
17%
23% Jun
Jan 19
Jan
119%
120%
3
52% Aug
HO
Jan 14
19% Feb 8
99
Feb 17
par
par
par
Jan
13% July 26
'76 , Jun 9
22% Jan 20
,
Nov
1% Anc
July
July 13Vi:
July 12
130% Aug 23
66
19% Apr 25
14% Jan 4
19
32% May
148
93
25'*y
Aug
131% Aug 24".'
4
l%Jan 3
51% Jan 12
•
,
135
125% Jan 28
36% Jan 3
4% Jan 3
18% Apr 26
6% Jan 3
1 % Apr 25
19% Apr 5
112
Apr 11
.
112%
Jan
3 <•
3% Aug 30i;
'
Mar is
/ 51% Feb
Prop—No par
pfd—No par
Co Inc—
Grevhound Corp (The)
1,100
1
3
Ry 6%
Green Bay
22%
Jan
Dec
Sep
4l/2 Jan
Western Sugar
No par
Preferred
———100
59
*168%,172
53
45%
Me
;■
•>
12%
12%
53 '•
155%
17
75
Sep
38% July
31% Jun
13 y4 Feb
51
Jan
Great
*11%
•
170
46
*
Great Northern
1,600
22%
-
Ore
Nor Iron
Great
5,800
*49
15%
6%
Co
(W T)
2,000
560
Dec
50
—
No par
No par
10
preferred
5*
28
*57
*11%
171
■'
S & P
Steel
16
38%
-
155%
*
22%
?•:
24
Grant
700
600
Granby Consol M
38%
* v
59
*57
£'
38
24
49%
15%
46 '
300
,
22%
11%'
*52%
;
Granite City
28
49%
22%
% 12%
Grand Union Co„
Graham-Paige Motors.
27%
16 %
16
16
38%
27%
49
15%
,
300
.:
24% v;
22%
11%
*167
1,100
*37%":
15%
Feb
4
100% Jan 25
1 Vt Jan 3
4%
-
,Jan
-
3
100
1
Preferred
17%
13%
17%
*13%
,.
22%
22%
6 /
>
200
9,000
71,600
5%
4%>
14
*24
24% '
:
5%
•
48%
15%
170
24%
4,200
-
37%
37%
,
112%
4%
*13%
r
5%
May
29%
115
18
7
Jan 3
36 /a Feb 8
104% Jan 3
8% Jan 3
;•
■17%
>-•
i
16 '/a
.
:
Dec
21
42% July 12
4
Apr
Goodrich Co (B F):
No par
$5 preferred
:-l
No par
Goodyear Tire & Rubb
No par
$5 convertible preferred—No par
Gotham Hosiery
No par
*110%
y
48%
11%
'
4%
*17%
14
22%
6
4%
37%
15
170
5%~
14
24%-'-
15%
5%
17%
37%
11%
6
5%
y
110%
*110
•>;:
15%
112%
4%
14
28
••
15%
*17%
•
■:
37%:
22%
.
5%
5 v41
17%
110
110
*110%
15%"
112%
200
1
16
105 >
25V2 Feb 10
i6'/2 July 19
■ ■
50
preferred
conv
(Adolf)
Brewing Co
Gold & Stock Telegraph Co
120
48%,; 49
49%; y
49
JGoebel
2,200
103%
*102%
14
Dec
19% May
16% Jan
12
Jun
9% July
53
36% July 11
3
2% Jan
100
Gobel
4'%%
52
51%
\
Jan
5
Apr
17% Jun
15
2% Jan
5
No
—No
No
No
No
preferred
Glidden Co (The)
1,300
.
W
10%
23
12% Jan
No par
—
preferred
conv
4,500
122%
>
51%
preferred
Safety Razor
1,600
3%
54
13
Jan
29% Jan
No par
& Rubber Co
Tire
$6
200
f
13% July
Feb
23% July
4
30% Jan
100
Glmbel Brothers
3,300
2%
122%
$5
51%
2%
*3%
x51%
15%
48% '48%
*110
*49%
123%
123
Gillette
600
24%
2%
52%
15%
£
24%
3%
3%
3%
123%
■:&
General
4% %
17%
Jan
39%
18
Jan
103
No par
preferred
5,000
♦97y/ 98
51%
>:
52 %
52
103 %
,'16%
16%
Jan
13% Jan
100
1
Time Instru Corp
2,200
85
24%
51%
2%
24%
85
16%
Gen
6%
12%
17
'
*96%
12%
85
12%
General
200
105
*103
105
*103
12%
700
.
9%
22
66% Jun
70
.
Gen Steel Cast $6
v
24%
*24
24%
14% Mar 28
1
5
16
—1
preferred—No par
Telephone Corp
20
540
29%
112
Jan
7
11% May
53% J an
General Shoe Corp
1,400
,
;
25%
*29%
*110%
24%
105
78%
*25%
'
2,500
18%
29
*96%
24%
*49%
24%
18%
78
Jan
58% Mar
20
'
3%
30%
5
9
5% May 16
10c
No par
preferred
Realty & Utilities
$6 pref opt dlv series
General Refractories
700
:£
24
x23%
v
/'
112
29
*110%
16%
98
24%
*84%
:
16%
16%
25%
25%
29
87%
-87%>
'
8% July
43% Aug
No par
6%
1%
18%
78%
112
*28
25%
86. .87%
23%
23%
78%
25%
25%
25%
86%
18%
18%
78
86%
Jun
Gen
1,600
*120
~2%
Jun
Jun
10
Railway Signal
25% >:
Jun
22 %
28
100
Public Service
Gen
1%
July
39 %
Jan
No par
No par
Gen Precision Equip Corp—No par
General Printing Ink
1
1%
25%
"2%
109
19%
-:
—
21%
*120
2%
Jan
8
Outdoor
10%
78%
23%
23%
23%
2&Va
"2%
88'/2
2%
Jan
:3i% Aug
No par
5
5
No par
—?
No par
preferredAdv A__
$5
10%
*120
*120
~2%
2 Vb
109
3
—
*1%
'
*120
preferred-
Common
2,300
y
Jan
15%
97%
Aug 31
'26% Jun
4
13
No par
X21%
.
31%
19
May 13
44
4
Jan
—
Gen
,12%
Jun
24% Jan
General Motors Corp—
52%
02;
3
Jun
July
.
5%
130%
*52%
Jun
Jan 3.
General Cable Corp—
4% Jan
3
Class A
___No par ;, V % Jan
4
7 % cum preferred
100
81% Jan 4
General Cigar Inc—_—.—No par
,;25%Apr 19
7% preferred
—
...100
140
Feb 16
General Electric Co—
No par
> 35
Feb 24
General Foods Corp
——No par
40% Jun 10
$4.50 preferred..
*
No par
112
Apr 17
Gen Gas & Electric A_
No par
'
2'/4 Feb 10
>; ! $6 conv preferred series A_No par
115 „ Jan 11
General Mills
No par
102
Jan f 4
100
*129%
109
1
General Bronze Corp_—
18,100
62%
25
5
50
preferred
$8
r
y
.62%
52%
1%
2
*135 '
*109 J'
129%
12%
10 %
>
*1%
2
11%
11%
::
3%
62%
:
14,100
,
42% y
114
129%
52%
H%
38%
>131%;
:. y.
10
155
.-*51%
129%
52%
135
800
3%
112
*131%
330
42
138
*108%"
400
<:
114 Z
3%.
*135
;
69%
129%
11%
2
135
61%
52%
11%
.
111
*51%
130
*51%
135>
*131%
y
27%;,"/
38%
42%
3%
.17
*151
114
*112%
3%
1,900
,
100
..
y
67%,
38%
41%
42%
6%
6 %
1,700
43
20
General Baking
10% '
Jan
'!
ho par
No par
Co-
preferred
Amer Transportation
2,000
155
69
151%
33
114
■
,17
151%
38%
*129%
61%
61%
*129 y4
151%
111
135
110
27%.
135:
110
135
138
*135
v,
99%
*27%
3%
135
V
*131%
>
17
*99
27%
114
3%
-•
17
17%
41%
42
3'%
"> ■:
99%
38%
116
*114
3%
3%
6%
*150
38%
41%
42
41%
♦114
6%
$6
Gen
;
25%
36
preferred
conv
1,900
-
9
10%
17
i
151%
38%
6%
,
*152%
.
10%
99%
.
27%
*150
*10%
*26%
;
99 %
27%
99'.
27%
10%
6%
17
*16%
*16% ; 17 y4
•t.. w-
•-
.
10%
■6%
.
27
20
Gen Amer Investors
300
13%
*13%
106%
49
13%
49
8%
*13%
13%
*106
107
49
8%
8%
*
*106
49%
49
13%
13%
107
*106
Jun
Jan
preferred
-i
Industries Inc
$3
250
'
'
51
Nov
25%
Gaylord Container Corp
54%
8
No par i'
—1
(Robert)
Inc
Co
12,800
54%
.
50%
5
10
6% preferred
Gamewell Co (The)
•
>
19%
Jan
98%
38% July
Gar Wood
21%
Jan
42
104% Jan
100
14,600
21
.
12%
50% July 20
18% May
—1
>.
■
27% Aug 21
27
V 35%
No par
7% pfd—100
Co
Gardner-Denver
7%
3
Jan
Apr
Jan
13
~.
70
*63%
;
7%
7%
54%
Galr
100
r
Jan
103% Apr
25
(The) cl A
Gabriel Co
4,800
4%
16%
-
78%
Jufy
.//■y.y
2,000
■4%
*16%
4%
101% July 12
25%
Jan
preferred
4% %
80
6
6
6
.
.'
*16%
.
7
53
53
53
*52%
16%
*63 %
7-
19%
-
4%
•'41%
*16%
70
-%v: 6%
•
V
41
•
*63%
V
70
*63%
41
6
4%
16%
16%
41
•
y 17%
>'.*16%
V
*16%
16%
41
40%
6
4%
Trailer
Fruehauf
1,700
115
5
Dec
Jan
34%
Freeport Sulphur Co
700
33%-If
♦32%
41%
113%
Jan
38% Feb'
'
33
41%
113%
4,200
104%
*101
prior preferred
Francisco Sugar Co
28% July 10
6%
,
;
6%
170
•r
.
conv
Machinery Corp
Foster-Wheeler Corp
1,600
'
y
22%
*22%
3
45
—10
100
—1
10
—10
Corp
400
104%
*32%
41%.
114
Steel
Jan
3%
15
18
No par
Florshelm Shoe class A
5%
10% Aug
No par
preferred™
Food Fair Stores Inc—!
22
*113%
200
Follansbee
22%
*32%
114
>•
■30
4
"•
No par
Co.——
Florence Stove
Apr
18%
24
Jan
17
£
No par
preferred
$4.50
Jan
29%
93
No par
Stores
(The)
Co
Feb
105% July
Apr
..
£ 22%
-100
preferred
National
Flintkote
1,300
110
22
22
17
4%%
First
500
■(:,
*13% >14%
22%
104%
100
j
■
700
-
22%
17%
Fidel Phen Fire Ins N Y
Firestone Tire & Rubber
6%
14%
23
104 %
Corp
45%
60
23
16%
Enamel
.-•45%
45%
60
4%%
Ferro
700
6%
6%
*13%
;
No par
TOO
1
$2.50
25
Dept Stores
conv
preferred
4,100
38%
*
*28%
•:
Federated
110%
*38
38%
5
4
23
Deo
13
Aug 14;
17
1,900
(.
•408%
*108
110%
>6%-
■;
60%
*103
32%
41%
*112%
114
*16%
22
.3
y
A
Jun
Jan
18%
Aug
24
No par
110
86
105
Jan
Federal Motor Truck
i'
*43% ..-44
23%
23%
V
Federal-Mogul Corp
6% Jan
24.
21
_2
Federal Min & Smelt Co
800
>.17% Feb
18
8%
19% Apr 26
100
2,500
,
26%
x
*108
23%
22%
•-
104%
32%
41 a.
-•
114
44
*28%
7
14%
14%
*60
17
16%
*103
32%
.*■;>& 32
14% Jan
._15
No par
Light & Traction
preferred
3
9% Jan
3,000
.47%
49% -50%
.
108%
♦38
47
*45%
23
*22%
.
16%
104%
vv
50%
23%
110% /;
6%
14%
15%
$6
200
r
101%
.
47%
47%>
50
44
*28%
45%',
45%
*103
Federal
100
28%
26%
*107%
30
14 %
;•••; 23
1,400
y,22>S%
; 9% '
101%
"
38%
45
23
y.
22
r<28%
26%
>
23%
6%'
6%
28
101%
44
*108
9%
*26
107%/;;
23%
29%,
29
*
107%
22
9%
..
47%
*38
13 %
A
7,600
16%
y *21%
*101
50%
*43
v
110% y
38%,
45
V
j--
■
103 V4
*103
21%
9%
27%
48
50%
23%
*38%
%
j
6%
*6%
•
*
;
48
V
43y4..
*108
39 %
/*38%
■i;,'.
26 %
108%
43%
23%
;
13%
-
16%
.r
v.
21%
21%
.....
27%y'
101%'v
26% <:
101
;
50
43
16%
103%
21%
9%.
9'/2
27%
47%
49%
>107%
j;
21%'"
f,V'''
26 %
49%
:V
16%
12%
£: '33%
Fajardo Sug Co of Pr Rico
20
Farnsworth Televis'n & Rad Corp_l
26%
26%
12%
*103
.
X21%
;
101%
26%
48
V
"
16%
103
-41% f.
41%
>,
26 %.
12%
22
27%,:
26%
26%
41%
,126%
*21%
9%
101 y4
>£ ioi
16%
21%
9%
27%
,
12%
17 ' >
41%
-v
■
21%
9y2 :
;
26%
102%
;
22
.
41%
25%
•
i7
17%
103
>
*21%
r
;
12%
•■*
103
.
41%
25%,,
41
V
25%
41 %s
25%
12%
41%
;
July
July 12
39% July 28
17
29
Mar
8
156
Aug
2
21%
32% May
Jan
23 %
Nov
138
27%
Jan
154
Sep
65
Jan
Dec
Jan
Feb
3
57%
50% Jan
5
31%
Jan
50
Sep
14 %
Jan
21%
Dec
11
Jan
13% July
10%
Nov
67
24% July 15
12% Jan 24
16% July 19
17% May
12
2%
Jan
5
Jun
12
81%
Jan
160%
Jun
16% May 17
3%
Jan
IOVb May
23
25%
Jan
41% May
-49% May 19
44%
Dec
50% July
6% Aug
176
59
Aug
Jun
"
H
.v..:...-Ms-i: y
*31%
32%
*31%
32%
32%
32%
•31%*'
33
30%
31
31
31
31
3treji 31%'
20%
20%
20%
20%
*20%
21
21
15%
15%
*15%
15%
*15
15%
108
108
108
106%
106%
106%
1C6%
18%
18%
18%
18%
*107%
8
106
For
8
106
8
'
*105%
108
*106
18%
8
*8
106%
*105%
15%
21
15%
y
*31%
*31%
800
33
32%
1,200
21
21
*15%
600
15%
*103
llf
*108
111
*108
106%
*106
106%
120
18%
1,200
18%
18%
18%
106%
Hall
♦146%
8%
106
8%
106
8%
*8
106
„
'
106
,
500
30
Printing
Co.
Co
6%
Hanna
.29
27
Apr
4
33
_23
28%
15%
Jun
26
38
July 17
May
5
Mar 13
21
Aug 31
.10
—100
11%
106
$4.25 pfd-No par
Refrac
No par
102
15%
Hamilton Watch
preferred
No par
(M A) Co
Harbison-Walk
100
Hat Corp of Amer class A
—1
6%% preferred (modified)—-100
•
*146%
8%
18%
1%
40
108
Water—
preferred class A
Hackensack
640
106%
•146%
*146%
*146%
31
'
6%
preferred
138
5"%
104%
Apr 26
16% July
11
Jun
14
Apr
24
21
Jan
6
150
Jan
14
Jan
5
3
July 24
106% Aug 11
111
Apr
July 10
Jun
8
8% Jun
27
110
July 12
22%
Feb
28%
Sep
35
Jun
38
Apr
12%
Jan
18 % July
9%
Jan
104% Mar
13%
135
Jun
Jan
18% July
Feb
144% May
4% Jan
86
15%
110 Vs July
Jan
7% May
109%
Oct
footnotes see page 991.
I
RECORD
NEW YORK STOCK
shire
1,600
8%
8%
8%
8%
8%
8%
8%
8%
7
6%
7
6%
7
0%
7
6%
6%
9,000
106%
106%
450
Hazel-Atlas
*21%
21%
800
Hecht
21%
21%
21%
21%
23
23%
83%
22%
46
46
,
17
17%
009
'
22%
*22
22%
100
Hires Co
47%
*4<f%
47%
*46%
48
100
17
17
17%
17%
17%
17%
45%
45
45%
44%
43
*42%
43
43
43
43
43
18
17%
18
17%
18
17%
18%
17%
113
114
*112%
114
*68%
113
113
68%
*68
11%
11%
J
68%
11%
9%
16
*9%
26%
27
27
16 %
16%
16%
16%
28%
29%
16%
"
38'/a
63
'•
*38
63 %
f
4%
4%
4%
•
14%
18%
38%
*38%
38%
28%
23%
28%
1,500
16%
16%
16%
6,300
Illinois
V
14%
14%
14%
14%
14%
14%
470
18%
18%
*18%
18%
18%
18%
1,000
*38%
s
39
38%
*104%
*38%
65
39
105
105
105%
105%
83
83%
11%
*8%
83%
1,200
Inland
11%
1,500
8»/2
100
Inspiration Cons Copper
Insuranshar?s Ctfs Inc
500
Interchemical Corp
8%
8%
8%
37%
37%
*37%
111%
110%
111%
110%
111%
111%
7%
7%
7%
7%
7%
7%
7%
9%
1781/z
79%
'!/■
'
*178%
179
80% ?
80
174%
9%
9%
179
80 >/4
174V«
—:>/>'
9%
9%
178%
/•
*8%
111%
7%
111
^
174%
9%
80%
y-
700
80%
1741/2
174%
3,100
3%
3%
3%
3%
3%
3%
3%
3'%
3%
3,600
16%
*16%
16%
16%
16%
16%
16%
16%
16%
400
5%
*133 %
5%
134
5% '
29%
30 »/4
9,000
134%
134%
19%
19%
20%
20
20%
20 '/a
2oyz
51,800
82% >82%
9%
9%
?
'
831/4
83%*
83
83%
83
83%
83%
83%
3,200
10
10
83%
83%
10%
831/2
47
*46
46%;.,'
39%
i'j'v1:.
39%
*39
39%
10%
83
83%
47
'•'
.
83%
*46 >
39%
•
«
78
»
*75%
77
76%
*115%
125
>,
*115%
125
*115%
18%
18%
18%
18%
18%
18%
18%
18%
*17
171/2
,.
1.
40%
*—•
*17
—
*75%
77
*115%
International
5%
125
100
International
19%
25,200
19%
191/4
1,300
18%
18%
18%
700
17%
17%
41%
17
41%
17%/
41%
300
Intertype
900
41
42
*141%
.
$6
Jan
31% May
48
May
13
May
'
4
Jan
11%
32%
July 12
Aug 29
;
Jan
19% July
443/4 Jun
Nov
105 J/2 Aug 28
86%
Nov
100%
6
164
Jun
5
158%
Apr
168
3
X87
Aug 14
Mar
»•>
62
>
—w—
Jan
—
4._
Apr
July
783/4 July
9% May 11
12% July
5
9%
Nov
IV2 Jan 28
8% Mar
7
6%
Jan
V 8% July
40% July 17
114% Mar 13
21%
Jan
38% July
106
Jan
115
Mar
3
6
Nov
9
Mar
10% July 10
6
Jan
9%
1
144%
Jan
Aug 21
56%
Jan
82
par
67% Apr
165% Jan
8% July
25
28
„25
1% Jan
15 y8 Jan
Jan
65
4% Jan
3
25% Apr
162
3% Aug 23
13
1
Sep
175% July 11
4
—5
19
— —..
%
78
11%
55 Ye
Jan
28
3%
177
Jan
6 '/a Jun
5
25
129
66
Feb
11
7% Feb
3
July 18
121/a Jun 21
37y2
135
8%
Apr
Sep
Jun
July
4% May
19
Mar
July
6% May
Dec
3
7
Apr
67
.
Nov
July 11
20% Aug 30
321/4 July
Jan
.No par
743/4
•
Jan
July 20
13% Feb
130
177
Jan
30
18% Jun
3
15%
Jan
.100
Co
36%
138
Apr
July
Jan
693/4
Dec
3%
Jan
11%
Jun
Dec
.100
68% Jan
4
92
Jun
par
39% Jan
13
47
Aug 28
39
July
35% Jan
13
42
Sep
1
28
Jan
383/4 July
56% Jan
3
78
July
6
36
Jan
60
Dec
127
102%
Jan
115
July
6%
Jan
63/4
.'
-50
Feb
3
par
11% Jan
12
.No par
11% Jan
.No
par
15
Apr
par
15
29
117
No
—
71% July
44
Apr
19% Aug
2
12
201/4 Aug
3
Jan
l67/a May
19
201/4 July 10
9%
Jan
•183/4
Jan
4
191/4 July 17
10%
Jan
18
Jun
Jan
6
45
July 27
27%
Jan
323/a
Apr
17
141
Mar 15
Jan
145%
Jun
13% Jan
3
.
.1
—
22-
Jan
138% Jan
—1
—
Jun
20
143/4
45%
85
Jan
No par
No
Corp
preferred
37
-15
Foreign share ctfs
Dept Stores
*141%
v > :/
Jan
105
par
Island Creek Coal
*41%
*141%
41%
—
16% May
Jan
8
71% Feb
par
.No par
100
Interstate
17%
Lll
8
181/2
3
.No
19%
19%
18%
4
2% May
Jun
158
.100
18%
.
42 3,
,
11% July
;•
88% Jan
100
par
No
preferred
7 %
*18%
-
16% July 11
1
18% Sep
180
Intern'l Telep & Teleg
19 %
*17
5
29
Silver
18%
18%
67 y2 Jun
3
conv
18%
,
4
Jan
27
Chem.
&
Paper
18%
.
17%
41%
*141%
41
*141%
•
77
125
26
27
—
Preferred
18%
18%
18%
*75%
*115»/4
>
-
Jun
.100
Min
>>18%
19
*18%
76%
42
41
41
29 V2 Aug 25
19'A July 10
6% Jan
154% Feb
preferred
4%
8
44
6% Jan
Hydro-Elec Sys class A.
International
Aug
3
109% Jan
International Shoe
r
6
par
International Salt
46V2
40%
125
Int
100
83
*46
4oya
*75%
■
a83
46%
Jan
100
420
83%
U
.No
Machines
Business
1,700
10%
83%
*46
4
No
preferred
Inter Rys of Cent Am
5% preferred
1,700
10y4
10%
10'/8
461%
1% Jan
3
Preferred
390
19%
Jan
27
Int Nickel of Canada
30%
4%
29% Apr
International Mining Corp__
1341/2
29%
3oy8
134
16% Aug 23
par
4.100
>"
5%
5%
4
.No
International Harvester
100
75
75
75
>
19%
19%
—
5%
x29%
30%
134
*133
133
133
*73%
75
*73%
,
5%
30
30%
29%
>
5%
5%
51/4
/
75
*73%
75
*73%
Int
340
1
Jan
100
9%
801/2
22%
—1
Interlake Iron
180
6
—20
Intercont'l Rubber
5,800
80%
28% July
.No par
2,300
3%
•'
Jun
29% Mar
4
25
preferred
7%
16'%
*
•
Jun
10%
Feb
No
Co
9%
Z 174%
174
2%
Jan
100
7%
179%
80%
80%
Jan
10% Jan
25% Jan
preferred
6%
470
112
112
179%
*179
174%
38
*37%
9%
9%
179%
174 Ms
174%
8%
38
%
14
11%
37%
Apr
Nov
4%
35% Apr
83%
*8%
41%
9% July
2% Jun 28
10% Jun
5
Jan
par
11%
37%
July
68%
11
12
No pa*
83
8%
57% July
114
1% Jan
8
24
No
11%
38%
Jan
Mar
59% Aug
3% Jan
6
No
Rayon
preferred A_
Ingersoll-Rand
Steel
44
105
1
Jan
4
6%
Sep
Sep
July
July
30%
25
10
164
17
37%PJuly 10
Jan
*162 »/4
163
45
Jan
13 % July
15% Apr
163
11%
164
*8%
—:
1061/2
Jan
9%
70% July 11
000
$4.50
36%
42%
•
21
100
ctfs series A
Industrial
17
Jun
69% July 10
par
200
200
Jan
46
*105y2
38%
•
387/a
1051/a
Aug
31
12%
30% Feb
4%
106%
*105%
83%
11%
162 %
400
38%
117
114
Indianapolis Power & Lt— .No
RR See
Apr
Jun
-10U
preferred series A
lines
17
115
-20
82%
105%
11%
*
-
*103%
39%
105
105
83
%
Leased
64%
164
11%
430
38
65
38%
*162
83
38
65 >
38%
*63%
164
*11%
39%
65
6%
Sep
3
7% Feb
1
RR Co
Central
500
17% July
Jan
8% Feb
Idaho Power Co
16%
*105
83
»
*28%
105%
105%
*162
28%
7
22% Mar
Hupp Motor Car Corp
,16%
18%
105
105
*104%
14,800
40% July
28%
18% Aug 23
Feb
Hudson Motor Car
16%
14%'
*14%
18%
7,600
;
25% July
16%
Aug 15
Apr
45
Jan
Bay Min & Sm Ltd
28%
64
18%
Hud
4%.
Aug
21% May
100
preferred-
non-cum
4,500
■
•118
Jan
100
Manhattan
&
July
Jan
5
16%
4%
38%
64
14%
Hudson
16%
16%
38
-
600
2,200
29
*28%
16%
Howe Sound Co
71
25
Oil of Texas v t c.
27%
16%
4%
V'-Y
ii
300
2
•/
16%
•
4
4%
Houston
Jan
14%
3
Jun
136% Aug
47% July 13
4
Jan
63
—
1,100
9
9%
*9
27
4%
16 '
16%
>
4
9%
27
54
108
100
preferredLight & Power Co....No par
5%
17% Aug
May
Household Finance
2,900
*1%
2
*1%
27%
9%
9%
26%
1%.
37
37
37
37
1%
18
42'
._No par
Houston
,
100
23% July 11
46
Aug 18
13% Jan
11%
11%
*36%
1,000
68
*67%
11%
26%
*9%
26
68%
5%
July 17
49
Dec
87
Jan
117
Jan
Apr
Aug
29%
Dec
13
39
Class B
9
*67%
11%
2
Houdaille-Hershey cl A
2,200
37%
68%
11%
37
*1%
1%
1%
68%
11%
.
*36
37
*36
.
11%
1,100
140
73
128
Feb 23
12.50
71
172
Jan
July 20
25% Aug 31
4
>
Jan
12%
19
13% Jan
116
preferred
17%
114
68
68
•
1%
152
Mar 10
10
100
Homestake Mining
V
Jan
Jun
73
36% Mar
No par
Holly Sugar Corp
56%"
25
122
20% Jan 21
Hollander & Sons (A)
110% July
Ang 14
89
13% Jan
43%
114
"
(C E)
4,800
45%
68%
69
112%
68%
68%
68%
68%
68%
68%
The
Holland Furnace (Del)
;''v.;
w-
17%
44%
44%
*42%
45%
43
*112%
500
18
*116%
*116%
1,200
16%
X16%
18
17
*17%
Jan
3% May
Jan
134
18
3
63
10
1
-10
Jan
27% Feb 25
114
Hlnde & Dauch Paper Co
Dec
1%
93%
75% Feb
166
Mar 11
Jan
10 % May
6
7
29
% Aug
22% July 10
Apr 27
19% Feb
2
No par
Hershey Chocolate
$4 conv preferred
.
128
No par
100
400
8
Highest
$ per share
t per share
May 24
9 % Jun
103
Mar 13
20% Apr 24
75
Apr 24
100
26
71
160
100
preferred
125
45
44%
No par
6%
*25
25
*115%
-
Hercules Powder
preferred
non-cum
22%
*115%
■
500
131%
*67%
71
124
*121
25
*40%
17%-,
*115 Ya
No par
1%
*123
124
*24%
17%
17%
Motors
.
25%
*67%
71
*67%
*121
47%
17
16%
*17%
83%
*130
131%
*130
131%
22%
*46%
22%
*22
83%
*130
Hercules
83%
*23%
23%
83%
25
*24%
24%
24%
23%
84
124
*121 '
122
122
23%
71
"67%
71
*67%
23%
W)
Helrae
74
165
S per share
20% July 24
63% Jan
6
15
—25
Co.
(G
99
25
Co
Glass
500
*72
*162
83%
131%
*1.30
131
*130
;
9
Corp
Hayes Mtg
100
74
165
23%
*83%
*
23%
*71
84
23%
83%
21%
*162
73%
165
*162
162
*160
166
73%
73%
*72%
73%
*72
*160
21%
21%
21
107
107
107
106%
106%
106%
•>
Year 1943
Lowest
Highest
6% Apr 28
2% Jan 28
Hayes Industries Inc—
8%
6%
106%
Lowest
$ per share
8%
106
Range for Previous
'
Shares
$ jyr share
S per share
* per share
f per share
per snare
s
the Week
Sept. 1
Range since January 1
YORK STOCK
EXCHANGE
NEW
Sales for
Friday
Thursday
Aug. 31
Aug. 80
Aug. '.19
Aug. 2#
Aug:. 26
f per
AND
Monday
Saturday
STOCKS
HIGH SALE PRICES
Wednesday
Tuesday
LOW
Monday, September 4, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
994
•
135
167/a May
Sep
J
17%
*17
*17%
17%
16%
38%
37%
37%
*109%
111 %
*109%
111%
*109%
98 %
98 %
98%
98%
16%
98%
37
37%? 37%
*99
*99
25
25
> 71
*70%
25%
81%
82
81%
13%
13%
14
*21%
21%
21%
21%
*121
:
17
18 %
*39
*5%
6%
25%
*8%
*35%.
*21%
18%
10%
333/0
*32%;
1634
16%
16%
25%'
26
6%
23%
23 %
18%
18 3/4
'!'>
32%
*22%
23
*22%
22%
*38%
40%
*6
.
*38%
63/e
6%
72
72
26%
26
26%
73
*25%
400
1,800
40
15,000
22%
■
200
>
200
6%
6%
73
73
.:>:>■>
26
2534
26
220
••>>;
9%
8%
8 34
36
36 34
36%
36%
36%
351/2
i. 9%
3.300
36%
35%
Z
*8%
9
>?;■'
300
Joy Mfg Co
V ;.A:
mm,
Kalamazoo Stove
Class
1
B
pt pfd A
Kennecott'Copper
:
Kimberly-Clark Corp
Kinney (G R) Co
$5 prior preferred
Kresge (S S) Co
Kresge Dept Stores
No par
10
i—1.
No par
Kroger Grocery & Bak
9%
1.990
Laclede
35%
35%
35%
353/8
35 %
10%
10%
9%
10%
9%
10%
*9%
10
88%
89 %
*87%
88%
88
88%
1.810
*28%
28%
*28%
28%
28%
283/4
700
•7'
& Co
H)
No par
No par
.No par
1
>
(8
No par
No par
18% Jun 16
9% Jan
38% Aug 23 ',;> 26
Feb
Feb 10
99% Mar
100
Jun 19
70
Jan
95
May 25
78
Aug
27% July 10
19% Jan
72% Aug 31 >''•• 54
Nov
87
July 10 ? " 64% Dec
•
Feb 15
May 8
Jan
3
Jan
Jan
120%
6%
19%
13%
17
20
5
4
15% Ang 31
8% Jan
'
Feb 25
121
Mar 28 ;>
5%
Mar 11
19
July 6
7%
Aug 31
11%
Dec
Jan
Dec
Jan
Jan
14% Jan
Jun 29
8% Jan
May 8
102
Jan
July 12
> 28% Jan
7
23% July 11
15% Jan
31% Mar 4 > 40% July 31
25
Jan
3
Feb 17
7% July .7 ,
,1% Jan
54% Jan 28
.73 * Aug 31 > 34% Jan
22
Feb 11
26% Aug 29
18% Jan
•> 6% Jan 25
.10
July 13 >•< 2% Jan
27% Jan
4
36% Sep 1
23% Jan
31% Jan 4
36% July 22
24% Feb
9
92% Sep
79
Aug
26"% Apr
.
65
B2
.
12% Jun
.
19%
127
115
*
Sep
Aug
Apr
29%
Apr
17
Sep
17
Sep
24% May
16% May
113
35%
34
,
Apr
Apr
10%
19% Jun 29
26
May 18
29% Jun
19% Jan
July
109% Aug
xl2% Jan
21% Aug 18
124
14%
39%
17%
x26
24%
Jun 15
Jan 3
Jan 4
Feb 19
Jan 4
Jan 25
13% Jan
111
16% July
34
110
16% Apr 27
10
& Furn
Apr 22
10% Jan 14
& L Df ser B
2.100
35%
.
-•
City Southern
Kress
35%
84%
>90
20%
58
66%
No par
No par
4% non-cum preferred
100
Kaufmann Dept Stores
1
Kayser (Julius) & Co
5
Kelsey Hayes Wh'l conv cl A
1
Kansas
1.100
35%
27
107% Jan 21
No par
RR stamped__100
Steel
No par
A
100
B couv_—
100
Keystone Steel & Wire Co
•-'J ■-•'>
■
73
35%
9
5%
Chicago
Laughlin
pref series
pref series
Kendall Co $6
9%
*8%
5%
1.400
18%
32%
35 %
'
500
< 114%
*39
6%
900
>
*22%
v
*
23
32%
40%
:
6.700
33
1834':
*112
114%
x32
103/4
*22%
18%
*112
33%
&
Jones &
Kan City P
Io%
114%
.
3234
500
;
32 %
26
*112
21%
*121
Co
Johns Manville Corp.,
700
10.800
14%
10%
23%
100
400
21%
21%
X25 %
*22%
1
No par
preferred
Jarvis (W B)
Joliet
14%
*121
72
■25%
9%
37
21%
■
25%
41
•
*70
25%
83
2434
23
*6
71%
*82
15%
*16
32%
*22 3/8
70%
84
14%
*
114%
.
32%
39
39
-*82%
16%
18%
*112
23
72
32%
24%
*22%
X72
103/s
23
18%
72%
9%
22 34
'32%
72%
16%
24%
114%
25%
15
Jewel Tea Co Inc
4%%
*99
32%
22%
32%
X24%
9%
24%
18%
25%
16%
16%
%
*112
1/500
5,100
.98%
25%
98
32%
*30
*23%
*22
98%
83V2
21%
*121
93/8
33
16%
*30
38%
111%
72%
82%
400
3.700
37%
*109%
38
*99
Xl4%
*121
"9%
9%
171/2
*17
17%
111%
25%
*72.
82%
13%
*109%
99
25%
72
17
37%
,
*97%
*99
25%
71
111 i/4
•
Apr
Apr
20% July
34
*
July
6% July
58% "July
24%
Sep
10%
Apr
32%
Sep
£2% Nov
P
86%
92
89
92
28%
28%
28%
28%
*23%
24 %
*43
44%
44
10
10
10
*29%
*23%
29%
*29%
124
*121
124
,
24%
24
24
24%
*23
24
44
:
44%
44%
44%
44%
*44%
44%
500
10%
10
10%
10
10
10
10%
4,900
30
30
30%
30
29%
30
124
124
124
*23%
*29%
*123
*122
124
5%
5%
*5%
1%
1%
1%
1%
1%
1%
*1%
1%
24%
25%
24%
25 %
24%
25%
24%
24%
33%
34
21%
*41%
*33%
21%
21%
42
*41%
52%
52%
7%
7%
*52
7%
5%
*5%
34%
5%
5%
52%
35
600
21%
21%
600
42%
41%
41%
600
52%
52%
52%
523/4
1.500
52%
7%
8
45
44%
80
*79%'
81
81
81
*81%
82
179 %
179 %
7%
45
80
31%
see
39
page
899.
*
178 %
45
*79%
82
179 %
29 %
31%
*29%
40
•
2.900
34%
*44
40%
1.300
2434
42
81%
39
1%
24%
*21
80%
*29%
1%
,
1.700
*34
42
44
*40%
70
5%
21%
81%
*
124
5% >
34%
52%
8
179%
600
21%
*41%
80%
*178%
5%
100
34%
21%
42
44
For footnotes
.
40%
40%
41
39%
39%
39
40%
179
31%
*29%
3
7%
8
45
*44%
46
81%
*80
801/2
400
82%
1.000
82%
179
31%
40
f
34%
*21
40%
39%
39%
82%
*179
179%
11.600
.
:
500
70
31%
31%
100
40y2
40%
1.500
39%
700
*39
Gas Lt
Lane
Bryant
Lee Rubber & Tire
Lehigh Coal & Navigation Co
Portland Cement
4% conv preferred
Lehigh Valley RR
Lehigh Valley Coal
6% conv preferred
Lehigh
17% Jan 19
Lily Tulip ;Cup Corp
Lima Locomotive Wks
Link Belt
Co
10%
31
125 %
7%
2%
28%
36
21%
15% Feb
29% Jan
18% Jan
4
4
5
36% Feb 14
42
Jan 3
6% Apr 24
39
Jan
8
68% Jan
3
25
100
67% Jan
r
13
174% Jan
8
26% Feb
No par
36
No par
37
3
Apr 25
Jan
6
x43
53%
8%
48 Va
83%
July 5
July 5
July 6
Mar 21
30
19
11
21
July 3
Aug 21
July 20
Jun 27
Jun 27
Jun
July
July
Jun
86% Jun 26
27
181% Jun
31% July 10
43 % Mar 16
42% Jun 27
16% May
Jan
73
Oct
17%
Jan
293/4
Jun
113/4
44% Jun 26
1% Jan 29
100
-50
-No par
Apr 24
;Jan 3
Apr 26
113
Jan 7
4% Jan 3
Jan
35
July 12
24% Aug 18
8
21
No par
50
Lehman Corp
(The)...
1
Lehn & Fink Prod Corp
5
Lerner Stores Corp
__JVo par
Libbey Owens Ford Glass
No par
Libby McNeill & LJbby
7
Life Savers Corp
9
Liggett & Myers Tobacco
25
Series B
May 31
30
38
10
25
9%
Jan 17
104
Apr 17
9% Jun
__
Preferred
13
Jan 14
26-
100
No par
No par
5
(The)
3
62
100
Co
preferred
5%
Lambert Co
Jan
193/4
Jun
26%
.
Jan
8%
Dec
9
Dec
Jan
29
July
Jan
120
July
20
107%
39%
Oct
23/a
Jan
8% May
W
Jan
2 V2
11%
Jan
20%
24
Jan
32
Jun
Jun
July
14%
Jan
22%
23%
Jan
383/g
31
Jan
43%
Dec
5
Jan
8"%
Jun
30
Jan
62
Dec
621/4
Nov
Jun
Dec
41
July
71
July
73%
Jun
Dec
182% Aug
22%
Jan
28% May
24
Jan
44
May
34%
Jan
43
July
171
Volume
RECORD
NEW YORK STOCK
LOW
0
f per snare
* per
snare
* per
Friday
r;
the Week
Aug. 31
Aug. 30
$ per
S
S per share
snare
per
•
17%
20
20
20%
20%
20
20
20
20
26%
26%
26%
27
26%
27
27%
27%
17%
26
17%
17%
17%
18%
17%
17%
13
63%
63%
63%
63%
63%
63%
63%
63%1
63%
63%
50 %
50%
50%
50%
50%
50%
50%
50%
50%
50%
10%
10%
*10%
10%
10%
10%
10%
11%
11
11%
34%
36
35%
36%
0/0
31% ■32
32
33
J- 20
'161%
162
34%
33%
19%
19%
162
19%
19%
•161%
'
24%
86%
24V4
24%
24
86
86
86
86
29%
29%
*OQ
29%
29%
149%
*139%
149%
*139%
149%
42%
42%
42%
29%
29%
30
Loew's
1,300
*
•
Lone Staf Cement
Lorillard
*23V2
24%
86%
86%
86%
7%
■;•■■
60
•
1.700
23%
22% May 17
12%
Jan
21% July
13
29
Jan
21%
7
July 11
1
15%
14% Jun
18% Sep
12%
Nov
25% Mar
1
68% July 10
42%
Jan
64% July
40% Feb 24
52% July 10
37%
Inc
(P)
51%
Nov
11% May
Jan
31
Oct
21 %
Jun
Jan
16%
Oct
148%
Jan
163% July
14
15%
Jan
22% July
90% Mar 17
59%
Jan
79
July
29
May
20% July 13
5
162% Aug
4
20% Jan
100
Jan
6%
1
12
24'% July
69% Jan
.
__
36% Sep
Jan
3
151
100
Nashville
&
3
17% Apr 29
10
Co
Jan
Jun
18%
Mar 21
12
3
28
25
preferred
Louisville
May
8% Jan
Louisville Gas & El A
.
900
/'
Corp
Biscuit
Loose-Wiles
2,100
0
.4
19% Jan
Long Bell Lumber A
3.700
-
19%
163
86%
29%
*139%
*161%
163
1.700
•
-
1
18% Feb
58
4,400
/
23%
24%
86%
24%
19%
19%
19%
19%
162
161%
163
•
Highest
t per share
f per share
1
..No
Liquid Carbonic Corp
Lockheed Aircraft Corp
15.100
$ per share
share
par
Lion Oil Refining Co
1.500
18%
$ per
Par
400
20
26%
*19%
Lowest
Lowest
EXCHANGE
Shares
share
Tear 1948
Range since January 1
Highest
STOCK
YORK
NEW
Sales for
Sept. 1
Thursday
Wednesday
snare
Range for Previous
STOCKS
PRICES
SALE
Aug. 29
Aug. 28
Aug. 26
HIGH
AND
Tuesday
Monday
Saturday
995
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4313
160
M
'
42%
29%
0043
43%
*139%
149%
43%
30%
?r
MacAndrews
300
30
06%
149%
43%
30%
105%
106%
106%
106%
*15%
15%
*15%
15%
*15%
15%
*15%
15%
*15%
16%
16%
16%
16%
16%
17
17
*16%
17
*350
400
106%
106
106%
*106
No per
100
No par
Square Garden
Madison
"
"■
400
*350
40O
*350
400
*350
.
8%
8%
8%
9%
8%
9%
8%
12%
00
12%
*12%
12%
12%
12%
*12%
23 %
3%
22%
22%
22%
3%
3%
3%
3%
7%
7%
17%
7%
3%
7%
7%
7%
17%
17'%
17%
17%
*17%
167/a
17%
17
17
17
18%
18
18%
18
10
21
10%
10%
10%
10%
45%
45%
27%
20%
58%
41
41
58%
*39%
111
110%
9%
27%
*27%
59
41
28
27
27%
28%
28%
52%
52%
*103%
104
>7
13
13
*111%
*12'%
17%
17% 117%
11%
11%
11%
17%
24%
17%
11%
11%
99
*97%
99
*98
99
*84%
87%
*84%
87%
*84%
87%
35%
35%
*35%
36
13%
14%
13%
14
50%
51
51
51
35%
35%
52%
*34
36
33
33%
35
33
35
35
34%
34%
35
34%
14%
51%
52
350
36
36
2,000
34%
6%
*6%
25%
25%
*37%
38%
131 %
131%
131%
131 %
131%
131%
131%.
*48 %
51%
*48%
51%
*48%
51%
*49%
51%
40%
40 V2
40%
40%
40%
40%
40%
40%
38
*110%
*110%
111
*108
108%
*108
*108%
8
8
8
*103
106
*104
*19%
20%
*20
111
108%
8
.
2,200
100
500
Mission
3%
3%
3%
3%
3%
3%
3%
13%
13%
13%
13%
13%
13%
13%
38%
*37%
38%
37%
37%
37%:
37%
37%
21%
21%
21%
21%
85%
85%
21%
21%
87
*117%
*117%
113%
120
*117%
120
*117%
112%
120
*112
*86
*117
113
*112
113%
*312 %; 113%:
49%
49%
49%
39%
*37%
39%
26%
26%
26%
23
*22
*22%
26%
23
23
23%
23%
21
21
21
32%
31%
31%
20%
20%
20%
20%
20%
32
32
31%
31%
*31%
9%
9%
9%
10 %
9%
9%
90
*20%
90
90
93
21
21
21%
21%
*76
77%
*76
*113%
*113%
114
77
77
114
114
14%
14
*48%
14
50
50
10 %
6,800
200
79
200
115
10
*77%
*114
15%
16%
31%
32
18
18
11%
■
Brass
*32%
32%
18%
18'/a
18% 0
$7
preferred
Murphy Co
(G C)—_
4% %
/
Murray Corp
11%
11%
3,300
16%
16%
16%
32%
32%
32%
*32%
18%
18
18%
18%
11%
12
12%
12%
22%
*173
-
*19%
176
12%
*12
22%
*173
12%
12%
12%
23 000"
22%
19% 0.
19%
19%
13%
14%
14%
14%
33%
33% '
33%
14
14%
14%
14%
32%
33
33
33
22
21%
22
12%
12%
12%
12%
12%
12% 0
12
12%
24%
24%
24 %
24%
24%
24%
19%
19%
*19%
19%
19%
19%;'*'
12% ;
*11%
12%
*11%
34%
24%
00 34%
'
00. 22
000 22
22
7*0'
22%;
.24%
19% 00
*11% -12%
*11%
0 V'0 34%
34%
*31%
33%
13%
13%
34%
34%
33%
13%
13%
93%
93%
24
0
,
93%
23%
24
178
178
149%
149%
*18
.
18% 0
0*19% 020%
*32%
33%
*178
149%
*18
*32
13%
93%
24%
180
149%
18%
20%
6%
67%
15%
15%
27%
27%
27%
27%
89
87%
*91%
6%
0 0
15%
7
67/a
1
130
1
100
20%
*
•
33%
15%
27
27
015
6% 0 7 0,v 0
67%
68%
15'/a
27
27
-
*26%
87
27-
9% 0
10%
9%
10%
'
93
16%
16%
16%
16%
16%
*28%
29%
*28%
29%
*28%
101
63%
108
108
*30
30%
30
30
*18%
19
18%
18%
147/a
110
47
footnotes see page 999.
2.100
*92
*100%
63%
*107%
30
101
63%
108
*100
*63%
*107%
210
9%
9%
10%
16%
17
2,000
-
16%
29
29
29
101
101
65
108
*63%
*107%
'■
100
64%
10
108
30%
30
30
30
18%
18%
18%
1.900
30
19
18%
•
14%
15
147/8
15
14%
14%
110
*105%
110
105%
105%
*45%
46%
46
*46
46%
14%
*105
*45%
600
4,100
15
107
46%
..
100
200
Co
Nelsner Bros Inc
20
*105%
46
Nehi Corp
100
101
-
*18%
Natomas
<
3.000
'
—
(The) Pa
preferred—
National Tea Co
1.200
10%
57% Feb > 5
National Supply
1
9%
-25
-10
$2 conv
40
5%% prior conv preferred—T10
6% prior preferred
100
National Steel Corp
;■
'
0
13%'Jan 29
10
11% Jan 5
No par
30% Feb 3
No par
. 26
Jan 25
*.t
9
Feb 5
$4.50 conv preferred.
No par
87% Jan 11
National Lead Co
-10
■ 19
Jan 7
7%' preferred A—
'
100J64 ,Feb 25
63& preferred B
.
100;
141
Jan 18
National Linen Service Corp
,-1 /
18
Aug v7
Nat Mall '& Sv'l Cast CO—LJVo par
17% Apr 19
National Oil Products Co—4
- 28% Apr /.5
National Power St Lt
No par
5% Feb ; 7
«'
930
87%
93
3%
Jan
9
31% May
22
20
1
Aug
1
1
Sep
—No par
No par
-No par
—l
serial preferred—100
Newberry Co (J J)
No par
5% preferred series A
100
Newmont Mining Corp
10
Newport Industries—
J
Newport News Ship & Dry Dock—_1
$5 conv preferred
No par
New York Air Brake
No var
4%%
conv
.
11% Feb 4
• 25% Feb
8
79% Feb 4
83% Jan' 6
5% Jan ' 3
9
Mar 4
• 13% Jan
3
v 22
Jan 4
96% Jan 12
56
Jan 4
107% July 13
27% Apr • 4
16% Apr 24
13
Jun 8
97
Jan 5
Jun
Nov
165
Jan
37
Jan
18%
Apr
7%
Jun
>43% July
32
-
July
27% Mar
•
176
Aug
60
Sep
■
-7% May
2%
Jan
21%
Feb
36
Oct
Jan
110
Sep
100
12%
-
22 % Aug
Jan
11%
28
17%
Sep
113%
Oct
Jan
104
Jan
19%
Jan
29
.
Sep
"
16 % May
8%
Jan
38%
Jan
14%
Jan
.25%
Jun
6%
Jan
11%
Sep
25% July 10
,
50% Apr
..
Aug 11
104
13% July 10
Jun
114
101
Feb
115% Aug
6
9
Jan
0 10% Apr
19% July 20
11% July 10
99
67%
87
37% July
Feb
4%
15% July 11
89
52 % Aug 22
25
12% July
Sep
26
Jan
42
Jan
23%
Aug 10
35% Aug 22
5%
5
^8% July
Apr
9%
Jan
Apr
Jan
30%
Jan
317/a
106%
Jan
,
132
Aug 21
58% May 29
42 % July
34%
.
18%
Aug 23
Sep
Jun
128
July
110
Apr
5
107
Mar
Feb
107
15
17
110% Jun
112
July
32% Mar
.
20%
2'8 % July 10
39
Sep
34% July
.
Jan
39
Feb
78%
Jan
27
8
Jan
60
I
July f.6
Sep
Nov
0113% Feb
5
108% Jun
8%
Jan
3
Jun
9% Jun
23
Jun
30
64%
Jan
98
July
23% July 10
13%
Jan
25
July
111
4% July
%
5
3% Mar
Jan
8
3%
Jan
26
17%
75%
11%
Dec"
23% Aug 11
87% July 13
Jan 24
;
Apr
30%
Jan
16% July
39% Jun
Nc7
92%
Jun
113
Dec
119
Mar
14
116%
Dec
121
Apr
Aug 29
106%
Nov
114% Aug
1
33%
Jan
31%
Jan
; 50
July
39% Oct
117
117% Jan
113
52
Sep
40
July 14
-
30
July 15
24% Jun 27
13
Jan
27%
Jun
9%
Jan
17
Jun
23
11 %
Jan
18%
21%
Jan
31
Mar
2% Jan
7
Jun
Jun
July 10
33% Jun 28
10% Aug 17
Apr
1
53
Jan
0 77
24% July
15
Jan
79
3
Aug 17
62
Apr
July
23% Jun
0 79% Sep
94% Sep
116% Feb
111
24
% Jan
117
Aug
5%
Jan
11% July
34%i
/
14% Aug 24
50% Aug
1
Jan
44
% Nov
10
Feb
1%
Feb
15%
Jun
40%
Apr
19%
■
Apr
5
6%
Jan
37% July 20
19% Aug
1
23%
Jan
13
Dec
13% July 10
5%
Jan
11% July
13% July 12
12% Jun 19
8%
Feb
12% July
8%
Jan
15%
Jan
23
Jan
176
17% July
23% July 12
176
July
162
20% Jun
17% Apr
18
6%
33% Aug 31
18%
23% Aug 21
,
8
19
10%
16%
13% July
July
Sep
21%
Nov
Jan
■>
Jun
10%
Sep
Jan
29"%
Dec
Nov
-
9%
Jan
13% Aug
14% May
24% Aug 17
14%
Jan
21% July
3
6%
Jan
.13% July 10
20
Aug
12
Mar 15
33% Jun
26
14% July
100
Jun
15%
*25 %
Jan
17%
Jan
Sep
12
Dec
36
9 % Mar
37% May 24
Dec
29%
Sep
*
Jan
11%
Jun
70%
Jan
90%
Nov
6
5
14
20%
Dec
14
Jan
179% Aug 21
160
Jan
178% July
1
22% July 17
23 : Jun 27
34 ; Jun 28
137
Jan
150
Jun
014% Jan
22
May
36
Jan
25% Jun 27
151
Sep
27
2%
7% Aug 10
70
July 20
17% July 10
30% Mar 16
89% Aug 18
93% July
7
10% July 20
11% July 12
18% July 11
31
July
101% Jun
,
35% Apr 25
Jan
19%
•
Jun
.
700
0
10%
9%
10%
16%
108
t
•
29%
*62%
1,800
,
•'
May
13
1
19% July
6
55% July 6
25
22
17
■
1
:
7.400
1
'
*100%
100
;
%
15
v
%
93
9%
100%
3,700
;
0.0
24
32% Sep
3
20
•
20
•18%
\ -20%
*33 0-
877/a 0 87%
10%
..64
200
•
3,200
l
15T
149%
;
0 j
24%
180
;
"
68%
*67%
87%
9%
*63
;
5,600
;
*
0-0
*
100%
; " 5,200
200
No par
No par
Products
National Dept Stores—
6% preferred
Nat Distillers ProductsNat Enam & Stamping.
National Gypsum Co
Nat Dairy
1,800
/
93%
'24%
0*18
•"
,0.'
■0 0/
92
10%
14%
33
33
68
-0
20% V
0 20%
13%
13%
*176
18%
86
9%
*46
'
93%
"0
150
92
10%
*105%
32%
;0
34%
32%
•
1
—1
National Cylinder Gas Co
-■»
;
'
,0,
92%
9%
*107%
33%
15%
93%
180
*18
20% -
67%
,
88
10%
16%.
12 %
34%
0
24%
*149%
0-
18%
6%
6%
67%
15%
92
*11%
13% 0 00".
'
t'"V 92%
150
*32%
88%
;
6,100
"
32%
00, 24
*176
20%
33%
68%
*28%
93%
24%
180 0>
18%
20%
13%
13%
•
93%
*178
*32%
*91%
34%;' :
>
0
19%
19%
0
12%
32%
33
00. 24
149%
15%
7 '0
r
24%
10
—No par J
Register—
National Container--—>
;
5,400
<12%
No par
& Share Corp
Bond
Nat Cash
2,700
12%
preferred
National Can Corp
•
*67%
.00 6%
'•
4,800
22
22 ?
0.0 24%
71o
Nat
-
"
*32%
5,200
,
Dec
21
3
Mar 30
11% Apr 24
28
Jan 5
13% Jan 3
9
Jan . 8
10% Jan 31
9% Jan 4
» 20% May 18
165
Mar 1
18
Feb 17
v 8% Jan
3
26
Apr 18
12% Jan 17
xll% Feb 11
.<•■ 19% Jan . 3
10
x-5
10
100
preferred
Corp
Aviation
National
600
00:
July
14%
112% Apr
iiiiiiSIli
A
National Biscuit Co
•
100
33%
14%
21%
•
6%> conv
500
1,100
5,500
0 175%
19%
19%
33%
19%
0
0.
000:.
*173
174
174
176
14
24 Vs
/
23
32%
0
12%
12%
12%
22%
60
4
*19%
20
012% 0
12% 0
23 00
012%
23
20
*11%
12%
12
12%
11%.
11%
11 %
n
Liquidating Co
No par
Nash-Kelvinator Corp
5
Nashville Chatt & St. Louis
100
National Acme Co
1
Nat Automotive Fibres Inc
1
Nabco
1,500
11%
16%
23%
176
32%
16%
'
5
1
1
Corp
Co
Mullins Mfg Co class B_
18,200
%
12%
20
16%
%
18%
11%
*173
Xl6Ve
%
50
No par
Munsingwear Inc
2,200
*12
22%
-
52
%
■•
*32
12.
12
■
*%
15%
%
*17
28% Aug 21
112% Apr 11
8% Jan 3
43% Jan 5
Wheel
liii
0
Jan
July 10
110% Aug 29
4
—No par
No par
No par
Motor
100
52
*50
.52
series B
preferred series C
Mueller
7,300
14%
13%
Jan
11% July 10
107% Jan 5
41% Apr 26
35% Jan 11
21'A Jan 11
15% Jan 3
16% Jan 7
26% Apr 19
4% Jan 4
72
Jan 4
20
Aug 12
70
May 24
70
21%
10
6% July
%. Jan
0%
60
Jan /4
Mar 1
Jan
3
Jan
4% July
9
22% Sep
»■
8
,
Jun
3
iiy« Aug
Jan 03
May
74% Apr
111% May
114% May
No par
No par
.Morris & Essex—0
Motor Products Corp
700
94%
.
9
Aug 31
preferred
100
of America—
10
Myers (F E) & Bro
No par
0
1,200
32%
10
14%
*50
*
52
*50
21%
94%
78%
14
14%
4,500
*21
115
*114
24%
32
21%
*76%
114
14%
14
50
77
,
1,380
21
v•
94
94
*21%
8,800
29
20
.No par
Montgomery Ward & Co——No par
Morrell (John) & Co
No par
$4
39%
23%
10%
10
93
21%
*89
24%
26%
Chemical Co
preferred ser A
$4.50
Preferred
26%
26%
Apr
Jan
51% May 17
Feb 29
Feb
8%
May 17
29
Apr 27
8% Jan
,
20
No par
Monsanto
~30
52
51
*38
5
2
6
Apr 25
0 24% Feb > 4
27% Jan 13
116% Jan 4
46
Apr 4
36'A Apr 26
105 - Mar 13
103% May 22
; 107% May 22
6% Jan 19
93% Jan 13
17% Feb 5
2% Jan 3
100
Mills
Carpet
Mohawk
30
113%
28%
No par
Monarch Mach Tool
120
39%
26%
26%
——-10
Corp
preferred series A
7%
600
*112%
51
*38
39%
*38
.
800
*117%
120
50%
50%
49 %
49%
*37%
21%
87
*117
*117
—I
No par
Mo-Kan-Texas RR
400
86%
87
;
86
117
Sep
19%
8% Jun 27
'3
- 3
*4
8% Jan
37
25
27
'
21%
21%
21%
87
86
117
*116
3,400
3,700
37%
13%
*37%
3%
13%
3%
13%
100
4%
190
;
19%
19 %
19%
19%
8 '/a
104%
*104
3%
r
10
No par
cum 1st preferred
100
Minneapolis & St Louis Ry ...No par
Minn-Honeywell Regulator
3
4% conv pfd series B—
100
4%% preferred series C_
100
Steel Products
Midland
preferred series D
Minn Moline Power Impl
$6.50 preferred
7%
105
19%
5
,
108%
105
105
19%
20
108%
*108
000: 8
8%
7%
*104
Copper—
Mid-Continent Petroleum
111
*108 ,0
108 %
108%
8%
106
*110%
1
50
Miami
0--0
111
8
5
1,600
40%
*108%
*110%
111
51%
40%
12
Jan
17% July 10
20% Mar 27
82
Jan 4
70
Jan ■ 3
31% Apr 28
No par
Machine Co
70
131-%
131%
*50
*108%
*110%
*108%
*108%
*131
1
(The)
1st preferred
conv
Mesta
200
38
*37 V2
38
38
36%
*37%
38
5%
1,300
3,400
-
25%
25%
25%
25%
25%
25%
Jan
1%
21
16% Aug
..No par
No par
—1
Merch & Mln Trans Co
.1.500
7
6%
6%
25%
25 %
34%
34%,
7.
7
7
6%
7
•
Mengel Co
2,500
14%
14%
35
Melville Shoe Corp
0 1.400
36%
52
34%
51%
36
'
52
14%
14%
,14
.y'0V';
87%
35%
36
«
preferred series A
$5.50 pfd ser B w w
$6
10
109
x—-10
No par
Mfg., Co
Mead Corp
£
50
..I
-
McQuay-Norris
1,400
*85 %
Jan
6%
27
21% May 1
97
Apr 18
,
•
Mar
3%
1
Aug 10
4
47 * Mar 20
[
100
McLelian Stores Co
6% conv preferred
;
J 8,500
99
87%
36
.
18%
11%
99
„-5
,.18
-No par
i
$4 .preferred
150
11%
*18
....No par
& Robbins Inc
McKesson
27 '
14
Dec
24% Mar
320
14%
27
Sep
;5
109% Feb 23
1
—
Mclntyre-Porcupine Mines-;
j
*400
12%
11%'
'V, *84%
.
300
110
preferred w w__:
conrv
McGraw-Hill Pub Co
; 3.800
104
110
18%
11%
*98%
*97%
400
99
18
17%
11%
17%
*103%
*12%
109
McCrory Stores Corp——;
McGraw Elec Co
800
24%
24%
:<
12%
12%
109
111%
*110
24%
*103%- 104>
13
*12%
13
111%
/ 54
%
X24
•
•
104
18
Nov
Nov
9% Jun
24
19
3
•■■'-»■ 19% May
15%
Jan
15
315
13% July 17
14
25'A May
No par
No par
•
.—1
100
preferred
preferred
McCall Corp
■
1.600
53%
53%
par
>
2% Jan
6% Jan
12% Jan
13% Apr
16% Jan
4% Jan
37% Apr
Jun
'
100
$6 1st cum
3%
•32%
% 17%
'
18
-„■
391
10
5
21
18% July
9
32% Mar 10
106 % Mar 7
19% Jan 5
016
Jan 13
$3
1.200
July 28
16% July 5
30% July
,
44
900
197/a
107
»
•
116
32%
32%
32
...
28%
19%
*111
116
*17%
53%
74%
104
104
111 %
111%
32
*53
24%
24%
24%
24%
104
*111
17%
17%
53%
*52%
■
*17%
-
20 *
19%
116
32
7
32
32
17%
>17%
19%
197/8
■
*111
116
•111
32
*31%
19%
19%
,
No
Wks
Alkali
Jan
176
70
28%
•
,19%
116
No par
......No par
—1
Corp
Co_
Jun
19%
170
Mar > 2
May Department Stores
10
52% Feb 4
Maytag Co
............No par/,:. *> 4% Mar >6
100
40%
1
preferred—
7%
;
800
.No par
Co..
Corp—
Elec
Master
Mathieson
900
*110%
*110%
Masonite
0
110
*10 0
10
*39%
40%
*39%
111 //
*110%
97/a'
9%
500
60
59%
V
Martin-Parry
i
8.100
22%
176
176
59%
59%
9%
9%
022%
176/0 176
:'■■/
J
prior pfd
Nov
-37%
18% Feb 24
1
5
100
Corp
Ry 6%
(Glenn L)
Martin
■•'i
5.700
,
27%
27%
22%
-j:'21
176
0 59
%-■:
27%
*27%
21
•20%
*175
S *39%
41
110%
*27
28%
7'
St
6.100
46%
176
Midland
Market
Marshall Field & CO—
-
4.700
10%
45%
*110
19%
: 5.200
-
18%
45%
9%
*27
640
-
17
■18%
18%
10%
10
*111
17'/a
0-17
17'/a
18%
Marine
<
;
.6,200
7%
16%
7%
17%-
44%
20%
59%
9%
7%
7%
10%
*171
176
59%
Maracaibo Oil Exploration
44
27%
,1-21%
v
1.400
5.200
138%
Jan
38% May 27
Jun
6
Jan 12
io% Feb
25
24
July
28
6% Apr 24
/
par
Jan
133
44% July 10
Jan 21
315
20%
29% July 21
139% Aug 11
6
Feb 21
Jan 27
Aug ' 1
14% Jun
—1
No
Bros
3% 0 4
23%
4
0017
Maridel
Manhattan Shirt
10%
;
28%
*27%
200
25% Apr
135
34%
x26%
104
14
.
50
0 Manatl Sugar Co.;
13,500
44
10%
44%
*171
9
13
23%
16%"
18%
44%
8%
"
17%
18%
;
*12%
00
9%
_10
Copper—
Mahoning Coal RR Co
Magma
500
400
*350
>
13
23%
3%
23
22%
For
No par
Macy (R H) Co Inc
4%'% pfd series A—_
700 0
15%
*16 %
106
-
13.600
105 %
'
100:
100
Forbes
&
preferred
Mack Trucks Inc
2.000
30%
43%
30%
30%
0
*29
30
*139%
43%
30
*29
5
13
66
Jun
23
110
Jan
22
52
r-
Nov
Jan
7,% Jun
Jan
64% July
Jan
15% May
14%
Jan
28%
57
Jan
80% Jun
62
Jan
88
is 5%
Jan
6
Jan
10%
Jun
9%
Apr
Jan
19% July
16
Jan
25%
Oct
74%
Jan
98%
Nov
37
Jan
575/4
106% Mar
32
July
5
22
July 10
10%
Jan
16
July 12
12
Dec
50% Aug 22
Jun
7% May
2%
26%
105% Aug 17
,
Jan
94% Nov
27%
Jan
114
37%
1S%
Sep
Aug
Apr
Oct
21% Mar
102
May
44 % May
RECORP
NEW YORK STOCK
AND HIGH
LOW
Saturday
Aug. 26
Aug. 28
f per
s
share
Aug. 2!)
$
share
ver
SALE
■
S per
per share
18%
19
18%
*27%
28
*27%
$ per
19%
19
28
28
m
■■
18%
28
28
300
88%
88%
26%
26%
1.000
86%.
86%
87
87
87%
*25 %
25%
25%
25%
25%
26%
26%
26%
*15%
if
*15%
17%
*15%
17%
*15%
*36%
40
*37
40
*37
40
*175
74
73%
15%
15%
15%
*172
;
*37
180
38
180
180
73%
73%
73%
73%
73
15%
15%
15%
15%
15%
15%
'
42% ..•42%
'
r;
*41%
42%
*41%
42%
200 %
201%
200%
200%
200%
200%
*116%
117%
116%
116%
19%
19%
xl9%
19%
19%
19%
12,200
*55%
56
*55%
56
54
*53%
54%
1,000
8%
8%
4,500
56
53%
*55%
*53%
53%
8%
8%
8%
55%
56
53%
*55
*53%
8%
8%
104%
*103%
♦103%
15%
114
15%
15%
113%
15%
15%
113%
*113%
28%
*45%
*27%
46%
28
46%
28
28
47
46%
55%
54
54
8%
8%
8%
470
3
14%
Jan
11% Jan
27
18% July
3
6%
Jan
22
42% Jun
1
16%
Jan
19
198% Jun
15
63%
Jan
132
Jan
July 25
19% Mar 11
28%
Jan
54
14% Jan
12%
Nov
26% May
33% Jan
42% Sep
1
23
Jan
38
183% Jan
206 % Aug
18
116% Jun
122
Industries
Norfolk
Western
&
Adjust 4%
Ry
pfd
non-cum
preferred series
5%% preferred series
zz/ 10
Northern Central Ry Co
16
15,500
Northern Pacific
114
*113%
114
*113%
114
28
*27%
28
47
•6%
50
47
*46
47-
*46
6%
10
6%
6%
1,100
28%
28
1,000
6%
6%
6%
52%
52%
*52%
53
52%
52%
30
13%
13%
13%
13%
13%
13
13
*13%
13%
400
17%
17%
17%
17%
17%
117%
17
17%
17
173/s
10,200
55%
58
58
58
58
56%
56%
563/4
3.300
Oliver
10%
3,700
53
*13
53
*52%
4
Xl3% Jan
3
18% July
6
Jan
31
115% Apr
15
x28% Aug 17
50
37% Feb
1
47
No par
50
4% Jan
3
7
40% Jan
12
Omnibus Corp
6%
6%
*52%
Jan
Aug 22
9% July 10
104% Aug 30
,17% Jan
Telegraph
Norwalk Tire & Rubber
6%
54
9
100
112
pfd-No par
Airlines
Northwestern
27
7% Jun
No par
Northern States Pow $5
Northwest
51% Jan
50
100
Ry
2
26
52
1
Aviation
American
North
Feb
Jan
15% Jan
50
50
6%
77
19% Aug 21
55% Aug 25
10
106
15%
Dec
52
15%
*104
Dec
Dec
1
5
100
100
16
106
May
13
32%
!•
100
15%
*104
104%
May
26
24% Jan
North American Co
575
74% July
SLIpbidg Corp part stk
Noblitt-Sparks
10
19%
117%
19%
26% July
Jan
Lack & West Ry Co
Y
*116%
19%
41
20
Jan
31%
Jan
Y
117%
:
199
Jan
11
97% July 19
28% Mar 14
129
N
201%
41
201
10%
32% July 20
—50
N
200
21% July 20
3
30% Jan
RR Co
& Harlem
1.500
73
15%
3
4
Jan
No par
preferred
550
74
I per share
No par
No par
Dock
N Y
*116%
42
198%
*113%
York
$5 non-cum
100
38
♦172
/
38
*172
'
N Y
preferred series A
City Omnibus Corp
t per share
19% Jan
62
100
6%
New
17
*15%
17
117%
*41%
*1163/4
19%
<
180
*175
180
74
88
N Y Clue & St. Louis Co
J per share
15% Jan
No par
100
Central
York
New
Highest
Lowest
Highest
8 per share
Par
700
87%
*87
22.200
19%
19%
28
19
19%
28
Lowest
EXCHANGE
Shares
t per share
share
Year 1943
Range since January 1
STOCK
YORK
NEW
for
the Week
Sept. 1
Aug. 31
share
Sales
Friday
Thursday
Aug. 30
'
Range for Previous
STOCKS
PRICES
Wednesday
T-esday
Monday
Monday, September 4, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
996
Preferred
12% May
2.50
Norwich Pharmacal Co
8
24
Dec
July
162%
Jan
192% July
113
Jan
122
Nov
9%
Jan
18% July
49%
Jan
56%
48"%
Jan
56
Nov
14 %
8
Jun
Jun
Apr
Dec
101
91%
Jan
7%
Jan
18% May
Jan
116% July
107
23% July
15%
Jan
Aug 18
36
Jan
July
x3%
Jan
31
Jan
45
Apr
Jan
14%
Oct
5
52% Aug 17
Jan
16
27
8%
41% Aug
v
f
.
6
July
;
o
x56%
58
10%
10%
10%
10%
10%
10%
10%
10%
105/8
♦102%
102%
102%
102%
102%
102%
102%
102%
11%
11%
*11%
11%
11%
11%
*11%
11%
*11%
243/a
24%
24%
24%
,24%
24%
24%
'1523/4
153
*42
44%
*42
44%
*42
243/a
24%
152%
*152%
♦153
*153
11%
300
243/a
,
■
3,100
preferred
6%
No
75
72
72%
100
Outlet
61%
61%
61%
61%
61%
60%
60%
800
Owens-Illinois
13
13%
13%
*13%
13%
13%
133/a
13%
13%
700
Pacific Amer Fisheries Inc
11%
10%
11
11%
11%
*10%
11%
*10%
11
160
Pacific
*72%
75
75
*72%
29%
Jan
18
Jan
8
ll3/4 July 19
105% Jan 10
3%
99% Aug
J
Dec
83/4 Jan
18
14% July
1
3%
Jan
10%
Jun
19
24% Aug 28
15%
Jan
21%
Jun
8% Apr
18
Co
Glass
147
Apr
May 10
10%
105
Jan
Jan
154
28%
Jan
38
Aug 18
Jan
673/4
Jun
54%
Jan
64
73/4
Jan
6%
Jan
43
/ Aug 25
8
73
Z
55% Feb
29
64
10% Jan
,3
14 3%
July 10
8% Jan
par
69
503/4 July
46
Mar 30
153
Jan
2
31% Apr 26
64
12.50
Co
>.
'
5
61%
*72%
75
61%
58% Aug 18
100
61%
*72%'
11% Jan
8
No par
Otis Elevator
Outboard Marine ti Mfg
44
20% Mar 22
Feb
10
(The)
preferred A
conv
21% July
Aug 25
45
6
100
No
Oppenheim Collins
20
—
*41
44
*42
44%
8%
310
103
103
Equipment
Farm
•
17
par
No par
Ohio Oil Co
19
142
Dec
Sep
;
Apr
Oct
July
P
>K13i-';:
•10%
*13%
32%
32%
*13%
33
44
44 %
44
45
*37%
119%
161%
6
5%
14%
*13%
47
46%
34
*110
*37%
1203/4
161%
26%
32%
32%
32%
2
-
15%
5%
5%
34
*14
47%
47%
110
4
4%
27%
27
;Z'Z7Z/Z
15%
57
*105%
110
*105%
445/8
*44%
110%
4
57
57%
45%
45%
38%
14
47%
4
4 '■■•■:
*55
33
1203/4
34%
Z 14
;v;
ill
*110
2
5%
34%
*13%
32%
161%
7%
*15%
15%
34%
ZZ
7
7
6%
16%
32%
*3734
162
*15%
*13"%
•45
120%
161%
161%
16%
32%
*119%
38%
121
38 %
20%
32%
16 %
32%
•
21%
16%
*13%
*37%
40
*20%
20%
*20%
*120
*39%
20%
21%
21%
2
*55%
110
*106
27'/a
7
■/ '"■
.
15
7%
5.500
15%
300
27.100
6
53/4
343/8
9,400
*14 :
14%
100
*47%
47%
1.200
4
4
200
4 %
27
8.900
2,000
Park
2.900
Park
2.200
Parke
30
21%
21%
*21%
22%
*21%
22%
2
2
22
2
30%
30%
30%
400
•22%
*21%
22
"
57
57
106
106
7%
*57 V,
305
7%
73/4
8%
7%
17%
163/4
17%'
lG3/4
57%
>57
105
19
19%
18%
105%
18%
14%
14%
14%
14%
4%
4%
4%
4%
145/a
14%
43/4
> 4%
4%
59
X58
58
17
17
*16%
17
*105
111
*105
111
28%
29%
24%
*61%
63
I'Z
63%
*13%
14
Z"
*13%
29
55%
55%
55%
*62%
64 %
*63%
64%
63%
63%
300
14%
600
Peoria
55%
555/a
56%
48%
*48%
50%
49%
28%
*27
28%
273/4
14
56%
*14%
9%
53%
200
533/4
53%
1033/4
20
20
25%
25 5/8
xlOl
xl9%
20%
x253/a
255/a
*115
*115
1193/4
35
35%
-
94
109%
116
*13%
*114
14%
111%
43%
*13%
*110
44
*105
43%
6%
135
*6
68
*105
6%
63/a
68%
68
8%
8%
8%
9
78%
78%
78%
*78
13%
13%
v.
13%
*170
34%
*190
5%
*8'%
*13
14%
*110
113
44
.
*105
FQ%
21
*172%
12%
*12%
12%
79%
*77%
79%
17%
17%
17%
*23%
24%
*23%
24%
673/4
9
78%
78
133/4
190
5%
6
8%
8%
ri
91
■
n*
*86
24%
24%
24%
*233/4
♦10%
10%
10%
.
*12%
12%
*77%
79%
173%
173/8
143/a
14%
*14%
*43
45
*43%
44
*43%
56%
563/4
.119%
119%
17%
17%
17%
17%
97%
98%
97'%
97%
17%
973/4
56%
56%
♦118% 119
56%
118
56%
56%
118%
1173/4
17%
17%
175/8
17%
98
973/4
98%
973/4
104%
104%
103%
104%
1033/4
104%
104%
105
107%
107%
107%
107%
108
108
108
1083/4
113
117%
900
•,
,
14%
5.700
56%
4.300
210
173/B
5.300
98%
1.290
105
1083/4
109%
118
1173/4
118%
118
*117%
:
670
190
49%
50%
^50%
50%
8.800
16%
15%
16 '/a
15%
i6ya
11.800
113%
*113%
114
*113%
114
107%,
23%'
*107 '/a
107%
*107%
101%
23
23
23
*113%
107%
223/4
114
*113%
114
*107'/a
107%
23
/
118
107%
23
23
Apr 24
58% July 12
46
28%
Jan
5934 July
17% July 20
5%
Jan
54% Jan
88% July 19
34%
Feb
333/i Jan
59% July 19
28% July
5
19
Jan
16% May
58% May
413/4 May
23
Feb
530
40
•
;
10% Jan
49 Va Jun
3
88% Jan
5
7%
19
5%
6%
5%
1.100
Purity
37
Jan
68%
Jan
26
37
Feb
25
July 28
Jan
118
Mar 28
110
11
115
Apr
11% Feb 14
X98
Jan
19
43
Apr
19
July 12
Aug 15
Apr
4
23% Feb
23
9
Car
Jun
73/4
July
July
14% July 15
3%
Jan
10%
July 11
18%
Jan
26
May
Jan
102
Jan
28
Jun
:
29
3%
Feb
7%
10
25
183 V Apr
Apr
21
34%
80
•
Feb
Jan
Dec
73/8 May
68%
Dec
July
5
5
Jan
9
Mar
May
5
59
Jan
77%
15% July 10
Mar
4
Aug 22
6% July
3
9%
Feb
168%
Nov
168%
170
Jan
182
Jun
153/8 May
Nov
Aug
4
Jan
6%
Jun
5
4%
Jan
10 %
May
Jan
10
59%
Jan
90
July
46% Apr 27
61% Jan
10
24
Jan
52 % May
57% May
3
66% July
5
56
Dec
75
11% Jan
'
6
22
43/4 Jan
3
63/4 Apr
25
82% Jan
,
3
9% July
99
Z
8% Jan
69
26
May 16
17% May 16
19% Jan 15
■*
11% May 17
35% Jan
10
52% May 19
116
Mar 25
3/4 Aug 12
7%
Jan
150%
25
No par
1173/4
July
75
25
(ser of Feb 1 *29)
Jun
113
Jan
14
13
8% Apr
No par
90%
Nov
109%
50
27
11% Apr
2d preferred
Feb
104%
100
Jan
;
1
Gamble—;
-71
Jan
Jan
5
No par
—5
50
Jun
Feb
190
1st preferred
Sep
26%
Jan
Nov
3
Inc
25%
133/4
79%
7% Apr 18
61
No par
Co
Sep
Dec
102
5
Pocahontas
Sep
91%
22
42"%
48% July
171
;
*51%
183/4 Aug
24% Oct
8
16% July 14
113% July 13
4
_1
100
Jun
28
July 10
94% Aug 31
25
(The)
Jan
1%
Mar
16% Mar
168
Nov
Jan
10 3/4
Dec
20
Jan
74%
Dec
19% July 11
14%
Jan
213/4 July
25
May 29
18
Jan
23%
11% July
8
15
Aug 18
14 % Aug 18
45% Aug 18
4
Jan
13
63/8
Jan
13% May
6%
Jan
13
Jun
40%
Jun
14%.Aug
80
59
120
18 3/a
3
Aug 23
July 19
Jan
243/4
Jan
48%
Jan
58
114%
Apr
123
Apr
Jun
Sep
Feb
12
July 10
ll3/,
Jan
17%
Apr
July 12
75%
Jan
96%
Oct
131/4 Jan
3
87% Jan
3
Jan
3
105
Apr
4
85%
Jan
107% July
104% Jan
4
110
Apr
13
96%
Jan
114% July
113% Jan
3
1193/4 Apr
10
108%
Nov
129"% July
115 % Apr
28
H93/4 Feb
15
113% Nov
96
100
52 % July 10
122
Aug
26%
Jan
11
Jan
40% July
19% July
37% Jan
3
-No par
(The)
15% Feb
3
100
-103
109% Jan
12
113% Aug 25
1043/4
Feb
114% July
103
15
107% Aug 14
92 %
Jan
107% July
243/4 July 17
13%
Jan
preferred
preferred
conv
Bskprlps
54% July 10
1033/4 Aug 30
3
21% Jan
3
8%
29% Mar
'
No par
Pullman Inc
100
Nov
11% Jan
—.
200
20
26
26% May
10% July
20
5
164% Jan
Pub Serv Corp of N J_
Pure Oil
Jun
24% July
1
10Q
100
100
No par
$5 preferred
No par
6%
preferred
100
7% preferred
100
8 % pref erred——————100
Pub Ser El & Gas pfd $5
No par
pfd
51
14
683/4 Feb
& Chic Ry„
class B
conv
Procter &
26
No par
Plymouth Oil Co
conv
Jan
Apr
82
No par
100
5% preferred class A
100
5% % 1st ser conv pr pfd—100;
Pittsburgh & West Va
100
Pitts Young & Ash pfd
—100
Creek
5%
24% Jan
100
100
preferred.-
& Co
July 14
233/4 May 13
..No par
Pitts Screw & Bolt
Pressed Steel
Jan
10
Louis RR—100
preferred
Co.
6%
May 16
117
Pittsburgh Steel Co
7% preferred class B
Plttston
12
9% Jan
73/4 Jan
25
Pittsburgh Forglngs Co
Z
3
20% Feb
Mills
Iron Corp
&
5%
45
118
16
113%
61% July
73/8 Sep
40% Apr
preferred
5%
15
49%
107%
St
&
$5 conv
Poor
16
15%
6%
Pond
49%
15%
*117%
C
Pitts Coke
100
10%
50
117%
Feb
1
25
50
Pittsburgh Coal of Pa
800
24
118
15%
*104%
Flour
Preferred
%
1175/a
48%
P99.
79%
•my*
49%
page
.•
900
118%
118%
49
see
'•
12%
1173/4
*118
23
14%
15
56%
400
17% -17%
*14%
119%
xll8
*77%
15
56%
190
21
123/4.
;:*i4%
119%
400
*172%
*24
14%
900
V.
60
*205/„
17%-:
10%
2,200
:
49%
*17%
14%
Z;Z
91
*77%
10%
~io
:
/.
8%
.,48%
21
C
Hosiery.:
Pitts Ft Wayne
60%
*172%
10%
Pitts
800
49%.,.
13
14%
Plllsburv
900
190
79%
10%
600
;
Pncenix
60
91
*20 5/8
!>
400
133/4
60
Jan
l3/4
106
78%
60%
*86
46%
108
;V
49%
v
,49 %
Aug 17
16% July
5
100
900
6
64
6
100
1,400
5%
4
series
9
*8%
Sep
Jan
5% Jan
series
68
*188%
Apr
24%
4'%%
*170
*188%
»•
Zzx
Dec
32%
7% Aug
No par
100
No par
5
113
Feb
4%%
Phillips Jones Corp
1% preferred
Phillips Petroleum
Jun
173/4 Mar
Jan
Preferred
200
6%
*13 5/8
com
preferred
Corp
33/4..Mar
45
17%
Preferred
4,200
,
135
*67%
8%
*170
,14%
45
:> ;;
*105
preference
Sep
20% July
93/8 Oct
23%
55
No par
100
3
10
Philip Morris & Co Ltd
10
j
25%
*6%
133/4
13%
14%
*43
135.
14
25%,
253/4
6 3/8
*78
78%
10%
15
*13
14
*12%
v
$1
Philco
100%
May 31
40
113
44
com
6% May
May
60% Mar
313/a July 17
70
..
„
H/Z/Z
f
43%
8%
9
...
*14%
14
*110
44
Co.
1,200
114
673/4
/
68%
*172%
12%
Zr;
14%
113
Phila Electric
19% May
29
25
233/s Mar
Inc
1,500
ijio
113%
63/a
6%
8%
49
20%
*13
135
6
*86
43%
253/8
190
pni/,
203/4
*109%
& Co
(Chas)
Apr
15
par
No -par
Co
Jan
3% Jan
Dec
May
25% Mar 17
5
No par
Corp of America
112
20
Jan
32
21% Jan
100
Brewing
4.4%
110% Mar 17
No par
7,100
94
94
94%
'
343/4
"
8%
17%
footnotes
oreferred
Phelps-Dodge
1193/4
34%
116
8,700
25%
*253/8
110
116
20%
*115
343/4
94%
6
49
25%
1193/4
*114
190
49
oxou,
20
*109%
8%
91
20
90
101
101
94
6
*86
53%
53%
101
110
*170
>77%
For
5%
Pet Milk Co
1,360
53%
1033/4
13%
23
prior preferred
53%
54
103
25%
117%
Ry Co
5%
Corp
Philadelphia Co 6% preferred
$6 preferred—
No
13%
117%
Co
Co
Pere Marquette
400
28%
Pepsi-Cola
Ry
Pfizer
25%
45
Jun
1,900
25%
*43%
108%
5.500
25%
15
10
16
100
50
5
100
100
1
100
100
22%
26%
•
Jan
503/4
*25%
14%.
*14%-
Jan
13%
225/8
13%
*10%
Jan
33%
18% Aug 18
493/4
13'/8
.
5
Aug 14
62% Aug 14
13/4
9
22%
13
,,20%
10
Mar 17
493/4
*12%
*172%
2% Jan
37% Feb
22 5/«
49S/s
22%
35%
44%
60 %
21
par
49%
111%
48%
50
*27
/ *27
119%
14%
60%
Nov
49%
22%
25%
115
,48%
Jan
13
17% July 14
49%
22%
94
.
80
193/8 Aug 31
3
Pfeiffer
110
95
106% Aug 17
18
9% Jan
Petroleum
93%
♦86
7
13% Apr
1,400
*114
6
933/4 Feb
1,600
*109%
8%
Dec
9%
93%
•
51%
73/4
115
5%
58 3/4 Jun
9%
109 %
*8%
10
*7%
93%
■■
*4g3/4
28%
49
273/,
35
*190
50
49%
♦115
35
13%
51% Apr
9%
19%
25%
;
par
7 3/4
103
19%
13%
Jan
Nov
9%
109%
*170
1%
73/4
53%
103
♦78
500
1,300
10
16%
9
49
67%
10.100
•
14%
Jan
83/8 July 12
20% Feb 15
73/4
22%
8%
57%
27%
23% Jun
8%
49
.,67
56%
14%
80
80
23/4
3
73/4
22%
6%
/
r
*78
80
Eastern
&
723/4
Jan
7
9'/a
22%
135
563/4
15%
*14
Jan
1%
26
7%
7%
48%
*105
zrz
17%
4% Jan
*9
7%
43%
14
July
5
2% Jun 27
31% Aug 18
17
Dec
July
30
15% Apr
5%
63%
48%
14%
Sand Corp
45%
106
18% Feb
No
Cement
113% July
4
July
Jan
No par
1
10
Corp
OCt
Jan
No par
No par
Airlines
100
14
100
Jan
Jan
No
7.700
133/4
2
35%
2.50
293/a
14
5
No par
10
Enterprises
243/4
*27%
*111
111
106
July
1% Mar 27
26% Apr 28
No par
29%
15
*113%
*105
4% July 13
61
105% Jan
37% July
pref ser A
Glass
103
3
6
Jan
11%
Aug 22
114% July 13
28
*24%
*105
81
119%
111
$1 conv
Penn
45
49
5
Apr
43% July
Jan
30% Jun
243/4
15
34%
400
2% Jan
par
Mines___l
Coke Corp
&
8
Jan
Jan
ex-privilege___l
29%
81
25%
Penn-Dixie
100
18
Coal
463/4 Aug 24
109 % Jan
2%
23%
15%
29%
14%
*115
2.800
60
7%
Aug
21
243/4
81
19%
43/4
'■
19% July 17
6 %
25
293/a
14%
53%
Perm
*17
353/8 July 10
18
17% July
Jan
243/4
80
103
Penn-Cenfral
1.500
*58%
8
25
Jan
293/8 Jun
Co
(J Ct
5,100
14%
45/8
43/4
27
83/4 Feb
9
10
29%
14%
9
Penney
19%
14 5/8
17
3% Jan
28% Apr
.6% May
27
*24%
80
7%
.
173/8 July 10
Jan
Jan
24%:
111
80
*14%
.
-17
1.100
1C5
29
28% May
3%
233/s Jan
Ford
19%
60
*58
Z,:Z
105
14%
123/4 Feb
No par
100
Parmelee Transportation
&
Oct
73/4 July 25
Parker Rust Proof Co
Penick
Sep
160
147
1
Patino Mines &
300
119%
Dec
3
preferred
Pennsylvania RR
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)
*105
29%
*24%
105%
19%
14%
17
*24%
56%
19
59
*58%
57%
56%
Jan
5
5
Co
&
Jan
43/8 Jan
100
9.500
17
1045/8
57%
16%
19%
Davis
19
91%
3
Inc
5.200
73/4'
73/4
'
x57%
105
17
8%
17
18%
*57
-
Inc
Dec
45% July
12
149
1
Consolidated
Utah
Jan
31%
Jan
41% Jun
No
Pictures
& Tilford
16%
Jan
10
162% Aug 24
preferred
conv
Mar
23%
121% Jan
& Ref
July
25% May
33
No par
Inc
Cos
31%
30%
17
Prod.
Paraffine
16
11
Transp
preferred
Panhandle
30a/4
30%
7%
5.60%
26%
2
•
&
Panhandle East Pipe Line
32%
2'/a
3,0%
17%
Petrol
July 12
10
Airways Corp
American
Pan-Amer
Jun
46
27
Oil Corp
Packard Motor Car
Pan
34
3
Jan
Pacific Tin Consol'd Corp
Pacific Western
153/4 July 14
10
25% Jan
par
100
100
—1
10
preferred
26%
32%
30%
7%
6%
3
Jan
,
117% Apr
No
& Teleg
Apr
55
•
15% May
No par
Corp
Mills
Pacific Telep
3
393/4 Jan
30
25
Electric
&
Gas
Pacific Lighting
31%
27
13%
14%®-Jan
26%
26%
32
30%
17%
25
^ramount
30%
Z;Z
233/4 Feb
Pacific
108
*106
108
2.300
•
55%
55%
17% Jan
13% July
23% Jan
preferred non-cum
No par
preferred non-cum—No par
Pacific Finance Corp (Cal)
10
250
110
110
4
58%
*106
vZ/ 2
32%
ZZ2ZZ
£
34
110
4
108
7
15%
14%
*56
.
:
4
2nd
450
473/4
109 3/e
4
162
343/8
473/4
573/4
162
■/'<'■
13
Apr
48% Jan
28
393/8 Aug 15
Co—
Coast
Pacific
38%
160
6
5%
*14
110
45%
121
15%
34
48
900
121
7'/a
7
6
3,500
102%
*15%
343/4
16%
33
-
121
*161
153/a
170
20%
*38
38%
60
40
*39%
40
*39%
40
40
40
40
*20
8
10
1st
Com
No
var
Jan
193/4 Jan
14
18
Mar 22
22%
Nov
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4313
160
t per
share
Vi
16
I per share
share
16 %
16 %
;
Aug. ai
Alls. 30
S
16 »/4
*15%
16 %
$ per
share
per
Friday
.-
$
share
15%
the Week
1
per share
v
10%
'11
;
77
16,800
!
Radio Corp of Amer
700
1
■
12% Jan
.19
Quaker State Oil Ref Corp,
Lowest
Lowest
Highest
$ per share
t per share
Par
Shares
16
7
Lowest
EXCHANGE
1,100
15%
J 6
Year 1943
Range since January 1
STOCK
YORK
NEW
Sales for
Sept. I
Thursday v:
Wednesday
'
Aug. 2.1
Aug. 28
Aug. 26
S per
Tuesday
Range Jor Previous
STOCKS
HIGH SALE PRICES
AND
LOW
Monday
Saturday
t
■
16% Aug 21
21
Hi|hest
per share
10%
S per share
15
Jan
July
R
;
10%
10%.
76 ."
-
ic%
8%
r?
91
90 %-
'■
'8%
•
90%
16%
31%*
31%
'? 31%
"•
17%
17%
*36%'
38%
31
11%
t 11%
*132 '
r
32
62
>
17%
37%
37%
*30%
31%
V
32-
V
%
11%
135;
•132
62
r-
*60
•
"17%-'-
31%
;
1
r' 99
62.
61
14%-,
15
14%
20%
19%
19%
19%
60
17%
(Robt)
Rels
19%
•loi %
•
10%
99%
99%
92
14%
15
19%
19% /
19%
10%
98
79 %
80%
99%
7;.
19%
*
'
?■
102
*101%
7
.11%
Z: 10%
*98
99
98%
98%
80%
80%
,7 99%
99%
14%
13%
97%
13%
97%
13%
14%,
97
14%
•96%-
13%
:
90
80%
80%
'
14% ".
14%
14%
95%
96 %.
':;v;
13%
13%;,
34%
34%
34%
34%
34%*
1
7 6,200
39
38
38
38
38% 7'
80
14%
96
■
96%
,4
14
14
'
Z':
34%
38
16 %
16%
9%
*37%
'39
16%
9%
9%
•
17
*14%
15
;
8%
*7%
8%
22%
21%
21%
21%
34
34%:
34
34
34
34
34%
Reynolds
•
2,100 7
1,900
/,
8
300
___
7,000
21%
500
34
7
8,700
Common
Mfg Co
Richfield Oil Corp
Roan
Ruberoid
50
34%
34%
34%
2.500
St
%
%
2,100
ISt
34%
*33%
■:
$2.50
%
1%
%'
%
l'A
*51%
113%
7%.
*109
*21%
1%
1%
1%
52%
52%
52 Yt,
113%
*113%
52%
.
113
113%
7%.
7%
7%
7%
160
32 %
32%
32%
32%
32%
*107%
108%
*107%
3,000
42%
32%
J:
43
43
*42 Vs
*111
112
Distillers
preferred
Co
$4.50 preferred
$4 preferred
*109
109%
*109
*111
112
109%
109(4
*109
109%
21%
21%
21%
21%
x21 %
21%
*6%
6%
;'. 6%
6%
6%
6%
96%
95%
96%
96%
96%
21%
21%
'
96
96 %
21%
21 Vs
-
21%
21%
900
Seaboard Oil Co of Dei
*6%
6%
300
96%
4,600
Seagrave Corp
Sears Roebuck & Co
21.%
5,800
Servel Inc
500
96
21%
21%
21%
21%
109%
"l6
*15%
16%
74%
16
16
*74
*74
•75
76
7
•23%
24
23%
12%
75
13%
75
200
13%
13%
600
*51%
52%
*51%
53
23%
23%
'.23%
23%
75
75
53
*51%
'
V
23%
23 Vs
23%
$5 conv
20
2,300
.*13%
13%
13%
74
12%
:
'
1
53
*51%
76
*75
76
13%
13%
53
16%
74
12%
12'A
12%
16»A
74%
16%
I6V4
*74
74%
12%
12%
*75
7
.13%
13%
*51%
16 Vs
16 Vs
*74
74%
12%
12%
,12%
1,900
Shell
15
5
Coalition Mines
3%
3%
3%
3%
3%
3%
1,700
33 %
33%
33%
33%
34%
34 Vs
34%
34%
34%
4,400
Simmons Co
No par
33
27%
*27%
27%
*27 Vs
27%
*27 Vs
27%
27%
27%
300
Simonds Saw & Steel
No par
14
14 Va
14
14%
19,800
37%
37%
37
37%
1,400
15%
*15
15%
400
22%
*22%
22%
130
38
300
Smith (A O) Corp
29%
700
Smith
13'/8
22,300
■"-•
3%
*3%
14%
14%
14%
14
39
38%
38%
38
38%
15
15%
15%
*15
22%'/
*22%
14%
*38 %
*14%
1538
*14%
*22%
22%
38
22%
*22%
*36%
37%
37%
22%
*37
14 Vs
'■■■
'
7
;
29
29
29
29
29%
13Vs
13%
13
•29
29%
13%
*28%
29
38
37%
37%
37%
13'A
13 %
13%
{
4%
4%
4%
.
38%
38%
39%
39%
''
40
40
41 Vs
41%
41%
154%
151 %
154%
*151 %
154%
*151%
154%
24%
24%
24%
24%
24%
24%
17
17%
16%
17
16%
16%
28%
25%
25%
52%
52%
66
66
:
7Vs
•/■::
28%
28%
25%
52%
*7%
30%
*30%
30% ;
27%
27%
27%
27%
*
48
*47%
60
*59
;
11%
70%
11%
34'A
34%
*113
►
/:
118 Vs
*110
70%
34%
*60
118Vs
*59
111%
*110
70%
71%
980
Conv
34%
1,000
-
*115%
*115%
117
*115%
117
3
3%
61%
*110
64
69%
70%
36%
36%
32
30'A
,fXll5%
>Zi>
3 Vs
60 '/a
54%
//•
32%
32%
54
54%
10%
/
/
X43%
44
111%
*110%
10%
43%
44
34%
33%
33%
65%
65 %
65 Vs
65%
16 Vs-
16 %
16%
16'A
12%
12%
Xll%
11% v
16%
16%
*16%
17
•
16%
11%
11%
19%
19 Vs
58%
59
10
6Vs
*75
,
-•■/
*21%
22
22
22
33'A
*32
33
*18
19
*18
18%
127
-
*126
*22 Vs
22 V*
*32%
32%
18
18%
9,500
54
14,100
1,100
112
10%
4%%
100
4,300
preferred.
Standard Steel Spring
(The)
Starrett Co
19
*126
12%
17
11,600
10%
2,400
19%
15,200
59
1,100
128
110
6 Vs
16,800
5,400
24%
>
6'A
10%
24%
1,900
*75
(The)
Studebaker Corp
Class A pfd (4%% cum)
Sunray Oil Corp
Sunshine Mining Co
,
Superheater Co
76%
200
Superior
Oil
of
(The)
Calif—
22'A
*21%
22%
900
32%
*32
33
100
Superior Steel Corp
Sutherland Paper Co
19%
400
Sweets Co or Amer
19%
*18%
29%
29%
30
3,400
(The)
8w1ft & Co
297/s
30%
29%
30 Vs
29%
30'A
30
30
30
30'A
29%
30%
29%
30
Swift
30 Vs
3,400
30
28%
29'/a
29
29 V»
29 Vs
29%
29
297/s
2,700
Syivania Elec Prod's Inc
6%
6%
6%
6%
6%
2,300
Svmlnerton
6%
29
6%
6%
Por
footnotes
see
page
999.
6%
6%
No par
1
No par
Sun Oil Co
International Ltd
Gould
Corp
20% July
Dec
76
Dec
98
Feb
59 Vs
5
Nov
70
Feb
7%, Jan
80
15% July
Jan
93%
Jun
5%
Jan
11% July
25%
Jan
32%
34%
Feb
39% July
12%
Sep
14%
12
July
17% May
July
7
July
3
•
Jun
Oct
7%
Jan
9
Jan
30
5%
Jan
5
19%
Dec
21%
8
20%
Jan
28
Oct
11%
Jan
18%
Jun
43
Jan
50% Aug
8
17
Jun
Feb
'
19
11
27% Nov
July 12
Jun
15
A
%
1% Mar
Jan
35
3 Vs
Jan
105%
13
Jan
Mai?
47% July
114
6% Nov
1
Dec
36% Mar
-
Jan
3
9% May
Sep
12% Mar
21
107%
July
96
Jan
36%
Dec
43
109% Nov
115
Feb
112
Mar
16
Jan
6
110
Jan
8
105
25% May 19
•
Dec
16%
26%
Jan
2
Feb
Jun
Jan
4%
Jun
7
14
98% July
5
59%
Jan
90%
Dec
24% July
5
10 Vs
Jan
18%
Sep
2
18% July
5
Jan
17% July
May
6% Aug 16
3
78% July 19
9
Jan
54
73% July
14% Mar 13
6
8%
Jan
16% May
1
64%
Jan
73% May
75% Jun
10%
Jan
5%
14% July 10
11
31%
Jan
12
Jan
2%
Jan
4% July
34% Aug 31
16%
21
28
Jan
3
10% May
July 19
Jun
5
Jan
27% Aug
15
Oct
29
6
Jun
57
17%
July
55
28% Apr
Apr
May
27%
Nov
Xl3Vs July
45 %
Sep
42% Jan
7
28%
Jan
18 % Jan
22
15%
Nov
24% July
20
22% Aug
23% Nov
23% Jun
19
Jan
39 Va July
15%
Jan
25%
14% July 17
10 V8
Jan
15% July
43
Jan
7
9
33% Feb 10
40 % Feb 8
35% Feb 7
32
Aug 25
51% Apr 19
40% Jan
4
111
Jan 26
6% Jan 13
28% Jan 18
100
1
10c
No par
25
100
10
12%
25
—
No par
1
v
62% Feb
11% Jan
9% Feb
15% Feb
7% Apr
13% Apr
54
Jun
121
Jan
5% Feb
5% Jan
17% Jan
72
Jan
19% Apr
29
3
10
1
19
19
15
27
15
3
27
3
25
29% Jan 28
4
27% Jan
3
- 27% Jan
10
"26% Apr 18
8% Jan
5% May
July
5
9
5
"2% Jan
16%
Jan
29%
1
20'/a
Jan
30%
21 %
Aug 31
25
Dec
Sep
149 Va July
Jan
132
Aug 10
155
Jun
Apr
Aug 18
42% Sep
6
Jan 27
2% Jan 3
•
41 %
5% July 12
10
33% Jun
No par
-.1
20
prior preferred
Webster
&
Apr
July
42% Feb
Jan
3
50% Feb 11
25
25
100
1
Stokely Bros & Co Inc
5%
Oct
9%
112
6
No par
25
10
X29%
28%
No par
No par
5
Stone
88%
Jan
Xl08% Mar 23
no
Corp
200
10 Vs
<
24%
75%
Stewart-Warner
L S
Sterling Drug Inc
3,400
*58%
128
75
300
1,300
Jan
5%
9% July
110
Jan 28
59 % May 12
111% Apr 19
108
May 17
28% Feb 9
Standard Oil of New Jersey—^
Standard Oil of Ohio
16%
10%
10%
24
19%.
32%
44
33 %
11%
6%
22
15,300
prior preferred
Standard Oil of Calif
Standard Oil of Indiana
73%
36% Jun
36% Jan 26
56% Jan 27
pref—No par
prior preferred
$7
65%
*16%
<
19%
10%
x32%
69%
36 Vs
$6
101%
114% Jun
N« oar
Standard G & E Co $4
Apr
Jan
53% July 17
No par
No par
No par
preferred
16%
59
XlO'A
;•
7,900
2,600
No par
No par
1
100
No par
preferred
65%
16%
6 Vs
10%
76%
-.'•
$4.50
200
11,200
conv
*33%
/,
17
19'A
44
10%
v
33%
66
32%
*110
•'
11%
*58%
23%
...
-•//:
10%
•
'
53%
17
10%
.-•
6%
10 Vs
*75
77
*32
19%
59
23%
10 Vs
23%
*75
78
6 Vs
6%
10 Vs
23%
"
»
127
23%
10Vs
23%
" 127
,
>'
11%
-;'••
10%
10%
18%
58%
6%
17
*16%
35%
112
*32%
33%
16%
18%
*126
44
•
10%
16%
'
58%
6%
44
*110
65%
18%
127 >
54%
66
58%
*126
32%
53%
68%
36%
66
?,
10%
10%
10%
: V/:
10%
*32%
*33%
10%
•
112
10%
•
3%
2,100
61%
*61
69
32 Vs
32%
54 Vs
10%
••.■•
112
10%
36%
54
111%
43%
43%*110%
36%
36%
36 V*
70
36%
3%
.:
30%
116
116
3%
68%
69
32 Vs
32 %
54
-
111%
115%
62
69% •/: V/
68%
:
118 VB
30 Vs
30 Vs
60'A
3%
61%
v
5 %
Squibb (E R) Si Sons
$5 pref series A
$4.25 preferred
Standard Brands, Inc
10%
Jan
1
Jan
3
Jan 26
Feb 14
May 5
22% May 13
No par•
preferred
Jan
95%
2% Apr
4%
5%
55 7
28
No par
1
2
$4.50
4V4
14
29% Aug 23
54
Nc pz"
preferred A
Square D Co
20
200
*113%
111%
'
61%
113%
-61%
*110
118'/a
117
*3'A
61
3%
3 Va
*113%
30%
30%
30%
30%
30%
30%
34%
*60
No par
100
100
1
No par
(The)
Dec
35 V»
141
Jan
6
22% Apr 24
13% Jan 17
23% Jan
3
20
Jan 3
40% Jan 4
,
25
7.50
No par
Inc
Spiegel
111%
*110
$3 conv
12,100
113%
—
Spencer Kellogg & Sons
12%
61
tr ctfs
Spicer Mfg Co
60
34%
*60
stk
preferred
Bperry C6rp
12%
118 Vs
/ *113%
300
6,200
48%
113%
*34%
62
31
preferred—
Ohio
Sparks Withlngton
$5.5 J
28
&
Spear 8s Co—
71
*113
113%
200
Railway
non-cum
12%
x70
34%
*113
/
61
*113%
111%
34%
34%
113%
7,800
27%
60
11%
71
61
61%
*113%
11%
113%
r
113%
61%
11%
70%
5%
Mobile
10
*30%
48%
*59
69%
11%
70%
;; 7%
*48
"
12
Southern
2,300
72
31
60
10,000
52%
*70
27%
48%
Natural Gas Co
Southern Pacific Co
8
27%
*47%
60
California Edison
Southern
8
31
*48
*59
48%
*58 W
M
27%
Southern
1,160
7%
72
*70
31
27%
.
2,100
11,600
67
.
100
preferred
fs%
100
29%
8 V4
*7%
8'A
*65%
•
.
)
South Porto Rico Sugar
Oct
74%
Jun
28% Jan
28% Jan
15
1
Lines
5
No par
16%
25
7%
7 Va
72
*30%
72
155
52%
67
7%
15,900
25% .726
53
*65%
*70
*70
*47
% 52%
'MM *8
8%
,82
30%
*80
26'A
53
67
7'A
7% '/
7%
7%:
25%
26%
52%
'42%
28%
29 Vs
*65%
67
Southeastern Greyhound
*16
16%
28%
29 Vs
25%
25%
51%
*65%
8%
.:*7%'
28%
29
1,700
24%
25
25
3,700
93
Jan
Sep
May
12
Jan 27
3% Jan
3
Typewriter-No par
&' Corona
4%
*151
154 %
Xl6%
.No par
10
$1.20 preferred
42
42
;
20
Iron
&
40%
4%
40 Vs'
41
39%
39%
Steel
Socony Vacuum Oil Co Inc
South Am Gold & Platinum
13
4%
4%
4%
4%
4%
39
39
15
Skelly Oil Co
Sloss-Sheffield
40
•
13
Vi
No par
Oil Corp
Sinclair
Jan
42 Vs
51% Apr
72
Jan 27
9% Jan
6
48% Jan
4
23
Aug 9
3
May 16
24% Apr 24
23
Apr 19
10% Feb ■< 8
36% Apr 24
13% Apr 25
22
Jan 28
29% Feb
5
23
Apr 12
No par
No par
*27
3%
69%
I
23
9
63% Jan
12
Jan
No par
Silver King
3%
16
9
Jan
6
Mar 16
Feb 16
Jan
3
13
No par
Oil
Union
19%
11% July
5
No par
Pen Co
(W A)
30% Aug
105
37 %
109
108
.'V- ■;
No par
(Frank G)
Shattuck
Sheaffer
20
Jan
17% Jun
21Vo Aug 18
preferred
137/s
Jan
12
18 %
Mar 17
Jan 20
Jan 27
Jan
8
Jan
3
2% Jan
No par
84
Feb
1 7/ 16% Feb
Sharpe & Dohme
$3.50 conv pref ser A
Jan
14 Vs
18
39
5
Steel Corp
Sharon
6
Dec
Nov
15% July 10
No par
;V-
86 % July
6%
357/s July 10
5
Jan 13
3"
%
43%
110%
7
100
No par
No par
No par
Scott Paper
Jan
34% July
new~3%
Corp,
Schenley
5% %
200
20
3
Mar
99% July 15
27% May 12
'
100
No par
100
5
Arms Corp
Savage
112
*111
112
non-cum
Safeway Stores
5% preferred
108%
42%
6%
21
2,700
32%
108%
•42 V2
•
95
2,100
7%
•107%
6%
1,400
*
114
43
22
6%
1%
109
♦111
110
'
1%
52%
7%
/
7%
32
112
*111
%
*42%
42%
42%
%
*107%
32 Vs
109
*107%
•113
113%
113
7%
r
•51%
52
51%
114
1 Vs
%
%
lVs
l»/8
52
.%
•
Francisco
preferred
Louis-San
80
15% July 10
I/:.
10
100
Joseph Lead
'
Jan
3
Jan
45
No par
.7111: S
33%
Jun
G6»A
July 29
83% July 20
,.14% Jan
J
preferred
conv
Nov
30
Jan
24% July
25
No pat
(The)
Co
35
Jan
3 Vs
17% Jan 26
1
Rustless Iron & Steel Corp
50%
7;
13
Jan
5% Apr
Antelope Copper Mines
Typewriter
Jan
8% Feb
Jan
22%
100
36
No par
Ritter Company
Royal
3
8
13
26%
12'A July 31
4
3
3
3
29
3
18
■
8
Aug 12
99% Aug 30
8% Jan
28
Jan
:
22% May
103
9
3
85% Apr
1
No par
Rheem
Jan
16
Aug 17
21% July 5
15
4
Jan
4
May
14%
Jun
99% Aug
Jun
10 f
Tob class B
Reynolds (R J)
Aug
100
7
1
i.
Jun
32
21% Aug
10
Spring
15%
Jan
17% July 11
Jan
Jan
10
29%
Jan
21% July 11
Apr 24
84
63
Jan
11%
26%
70
9
99% Jun
87
Jan
63/4 Jan
Dec
21
133
8% Apr 18
16
101%
12% July 20
100
5%% conv preferred
50%
*50
34
;
50%
50%
*50
34%
♦50
50%
900
193/4
19%
19%
19
*33%
•
;
5
Reynolds Metals Co
150.
,
.
15%.
'
19%
19
:: 19
-
21%
34%
*33%
34%
50%
18%
•SO
v
*7%
4
"21%
21
9 3/4
*14%
8%
*7%
21%
;
'
9%
72,000
•
17%
17
14%
14%
15%
*7% //•a/'/
*7%
,
: ,,96
13% 713%
9%
9%
'
96
V
17%
17
9%:
9%
22%
18%
,
17% '•17%
-
9%
15
15
34%
34%
34
*37%
38
230
80%
"
I
Revere Copper & Brass
7% preferred
5% % preferred
2,300
14%
__1
No par
100
100
No par
100
100
No par
Inc
Motors,
Jun
Jan
31% Aug 31
Feb
5
14% Apr 19
x83% Mar
Oct
10 Vs
July 10
38% Jun
7
3
5
/ 70% Jan
100
RR
& Saratoga
Republic Steel Corp
7 6% conv preferred
6% conv prior pfd ser A
400
80%
14%
■
Reo
70
;
99
*98
*
7,100
'
UV4
11%
11%
99
Rensselaer
71%
Jan
54%
17
18
18
•
25
Preferred with warrants
:
2,200
143/4
19%
*
80%
10
1
7 Remington-Rand
210
92
X14%
:/•.
99%
*98%
.
80%
*98
98
10%
No par
12% May
Jan
3%
33% July 10
3
Jan
50% Jan
11% Feb
90
..
100
1st pfd
& Co
Reliance Mfg Co
200
:•'%
99
7' 99
*91%
/ 102
102
103
99%'•'
11 /'
*98%
7
3,300
'
99%
_--
Reliable Stores Corp
700
20%
20%
20% v'
*91%
.
"4.
15
-
;
7:
/
r
19%-'
*19
.
*99
91%
14%/
102%
102
103
7%
5% Jan
5
100
Preferred
:
'
■99%
91%
91%
■
19%
20%
14%
19 Vs
18%
;
70
30
60
4% non-cum 1st preferred
4% non-cum 2nd preferred
Jan
47/a
59
33% July 24
20 Vs Mar 21
3
3
28
Feb
2
15% Jan
3
323/4 Jan 13
27% Jan
7
..."
Aug 23
107% Jan
28% Jan
12% Feb
-■
50
50
50
Real Silk Hosiery
3,700
44
17%
,
\
500
12 "
132
"
—1
25
: Reading Company
200
.
31 .77'.
'711%
7
i' ;
38
31
17%;;
*19%
*99
91%
*14%
No par
Rayonler
700
17% v
4 17%
7*37%
132
61
4 17%
.
20%
99
92
r:
Raybestos Manhattan
Inc
* $2 preferred
*
1,800
31%:
'**31%
135
19%
20%
20%
99%
14
1 85% Jan 27
6,300
11% 711%
*19%'
*91%'
*98 • •
10%
100
July 12
10% July 10
7% Apr 24
71,000
17%
31%* 7;
•132
'v;
17 % -17".
•/
17%
20
-
*99
-
31%
17%
„1
'
21%
20%
1,080
,91%
*37% : 39%
38
•',, 11%
v; 12
17%
*19
19%
34
if
:nv+...
31%-;
12
77
8% Apr 13
69% Jan
5
No par
No par
; Radio-Kelth-Orp" vum
7
6% conv preferred
3,600
;
8%
'9iv2
32%
31%
.
-;
$3.50 conv 1st preferred
*
•
'
17%
•
17%
*17%
; 133
*60
-
*17
-
•17%
:
77
h
8%.
1
*60
*
*31 %
17%
31%
31%
►
-
133
133
; *19
•102
,:••■ 8%
; 91 %
91
32%
16%:
17%
*36%
31%
"
rv 3i%
".'-V'
'
*31 Va¬
■;
10%
77
8%
91%'-
16%
31%
:
17%
■
8%::
91
31%
31%
16%
v
10%
*76
'
J":;
32
-31
: r 16 y2.
il
76%
; v 8%
8%
-91%
■
10%:"-
76%
*75% -'76%
77
8%
10-%
:'
1C%
■
25
Jan
Apr
14%
Sep
17% Aug 21
10% Jan
33% July 12
15%
Jan
30 % May
28% July 10
15%
Jan
30%
58% July 10
35%
Jan
49% May
42%
Jan
66
2%
Jan
66 % Aug 17
7% Aug 18
9
Jun 28
July 14
70
32% Jun
28
29% July 18
47 Vi Aug
Jun
61
22
2
12% Aug 17
74 % July
17
38% Mar 13
113% May 25
64% Feb
115
112
2
July 20
Jan
28
33% July 12
116
Sep
4% July
1
5
65% Aug 23
73% Aug 23
39% July 12
34% Jan
15
58% July 10
44% July 12
115
Jun
11% July
34
28
5
Aug 24
67% May 18
17% July
5
13% July 12
17% Mar 14
11
July
•20% July
60% Jan
3
5
21
Aug 16
7% July 5
127
6%
61
Nov
21%
Jan
35
Dec
Nov
35% Mar
Jan
23%
32%
44% July
66
3
60
May
Jan
8%
64
Sep
33
Jan
42
July
109
Jan
116% July
70
July
Nov
117
Aug
107
Nov
110
Dec
25
Sep
49
112%
Jan
31%
Jan
1%
Jan
6% Mar
9
Jan
10Vt
38%
Jan
44%
Jan
Jan
38% July
46%
Jan
60
37 Va
Jan
45 Vs May
~5%
Nov
"9%
25
Jan
31% Mar
66
68% July
7% Jan
14%
Jan
14
14%
Dec
Xl7
6%
Jan
4%
5%
Jan
2
58%
6
14%
Jan
7%
Feb
5
26% Jan
4% Feb
22%
Jan
27 Va
Nov
22%
Feb
4%
Jan
May
May
Jun
July
Sep
Dec
63% Mar
130
Apr
4% Nov
5
Sep
10% May
15 Vs
Jan
48 Va
122
25% July
5
7% Mar 13
Dec
28%
28 Va
84% Feb
33% Jan
Dec
May
40
24% July
33% Jun 27
Dec
100%
115 Va July
Jan
31% Mar 20
Sep
Jan
Jan
2
Sep
35%
3%
20 % Aug
Sep
Jan
12%
33% Aug 22
Jun
33
5
10% July
Apr
6 Mi
Jan
2%
Apr
Sep
Oct
Apr
22
82
•
May
May
32% July
33
July
12%
Jun
27 Va
Nov
35%
Apr
35% July
8% May
wadUlWWgyM' w'u
LOW
Saturday
Aug:. 26
Aug:. 28
I per
f per share
Wednesday
Wednesday
$ per
share
f per share
share
Sept. 1*
Aug. 81
f per
;
S
per
" Year 1943
Highest
Lowest
Highest
$ per share
Par
Y Shares
t per share
share
Lowest
EXCHANGE
>
r
Bange since January 1
STOCK
YORK
NEW
Sales for
the Week
Friday.
Thursday
Aug. 811
Aug. 2!>
Range for Previous
STOCKS
PRICES
HIGH SALE
AND
Tuesday
Tuesday
Monday
Monday, September 4, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
share
t per share
$ per share
T
•
*4872
49
49
6
o
*5%
'
10%
10%
107'a
1C%
47
473,
10%
477s
6
6
17%
*23
/
5674
*8 7a
11172
*83/4
8%
*4774
10%
10%
107a
24%
2374
2174
*20 7a
2174
*20 7a
21
*55
56 74
*55
'3/:*8%'
8%
■
*4774 Y49
49
103/i
10%
23%:/
•
44%'.
44 74
12
*11%
,
*20%
21
*55 i.
iY:/
5674
45
fi
4 74
4 3/8
28%
*28%
15 3/jj
>,v../
29
15%
is3/;,
600
*46 7a
49
Y
;
.•
-
:.
5%
108%
28%
..
517»
51%
28%
28%
•5174
51 %
•9%
107a
23%
24
-
-
.
-
9%
17
10
47a
.
15%
■
,
4%
■
30%
*29%
.
153/8
4%
*97%
1072
19
29%
9874
10%
10%
51
,/
v/
19
19
6,900
1,200
;
Y/.'/Y
10
5,700
23%
17
25%
2572
32 7a
10672
7%
*7%
253/a
3 2 3/a
10672
7-/2
32
*73/8 '
:
4%
99
24
3,100
10%
253/a
253/4
25%
10%
18%
6% July
33 74
Dec
413/4 July
8 3/8
Jan
18
53% July
July
1374 July
Jan
2474 July
9 72 July
54
11% Jun 13
32% Jan 10
•
14
53%
'
Jan
4
Jan
33 74
Oct
95
49
;■
Dec
July
9%
Jan
3
Oct
8
Jan
52
July 13
-
Jan
2%
Aug
4
93/4 Jun 29
28% July
Jan
67*
35
17
114
43
Jan 11
/ 4 74 Jan 19
25
5
58 7 July 12
100
92
Jan 31
1 7/•
7 / Apr 19
—
Co_
32
*106
1067a
32
8 Va
8
8%
95
96
*95 7a
96%
96%
88
98%
No par
1
13%
13%
13%
13%
13%
13%
13%
64
64
63%
63%
64%
64%
64 7a
12%
12%
12%
12%
13%
127a
137a
79%
79%
79%
80
7.9%
80
116%
116%
116%
103
64%
12%
Y:
—No par
1;
Corp.——_
Rayon
1,110
No
pnferred-No
prior pfd_i»
No
Twin City Rapid Transit—__No
7% preferred
1,200
Twin
•
17,600
/
63%
63%
-.
par
$4.50
8.900
14
par-
$1,50
100
104%
Cen Fox Film Corp
20th
;3,200
8%
•
No par
Corp
Truax-Traer
Tubize
700
31%
14
:
"
,
«
preferred
$6
1,100
;
106
,
83/8
10374
13%
*104%
Tri-Coutiuental Corp
120
v
25%
25%
...
31%,;
323/8
7%
v
99
*107.1
19
1067a
3274
*106
Jan
Nov
f~, Trahsue & Williams St'l
1,500
4%'YYY
*98
18%
107a
,
Jan
774
Sep
May
-6% July
8
137a Mar
8
87a
Jan
Aug 29
2674
Feb
•;:/
34%
Dec
1% Jan
h
3
Mar
45
572 Aug 14
33
Jan
Par 7
17
6 3/4 May
7
9%
Jan
Coach Co—
parr
100
1
23%
1574
Jan
18% July
■
1174
11
67a
16%
Jan
Jan
99
Apr
43/a May
90
Jan
25
3372 Jun
10672 Aug 21
/Nov
May
93/4 May
r
-
4%
243/4
July
3472 July
101
Oct
Jan
93/4
Jun
Jan
773/8
Jun
67« Jan
8% Aug 31
1043/4 Sep
253/8 July
26
26% July 10
13
Feb 17
Jan
3
Jan - 4
Jan
5
Jan
4
Jan
6
•
Jan
12%
Mar 25
207a Jun
July
107a May
Jan
69
21
-50
Jan
1%
5
5 7e July 10
<983/4 Jun
.
343/4 Mar
Jan
Aug 17
25
10372 May
Jan
6%
Jun
153/4 July
•
Dec
40%
22
1072 Jun
July
r
263/a
•
Jan
9472
July
30% July 10
1272 Jan:- 5
374 Feb
4
Jan 4
^
8% Jan 3
,15% Mar 1
15
vjan
5272 Aug 18
85
217a
283/4
100
^
57a
68'A
8%
16
Aug 14
•
10872 Aug 29
,
500
Y
17 YY
17
47a
-
Y
:
187a i
19
Jan
378
1972 Mar 16
4
2
Jan
4
preferredpar -,,7.18% Mart 6
Tide Water Associated Oil
—10
13
Feb ,. 3
$4.50 conv preferred.——No par
10078 Jan > 3
Timken Detroit Axle
10
25
Jan/; 3
Timken Roller. Bearing:.
No par
4372 Apr 24
Transamerlca Corp
2
87a Jan 13
Transcont'l & West Air Inc
5
1772 Apr 25
290
Y
9%
23%
*98
8 3U
41%
5
377» July 14
*
$3.50 cum
4,100
51
>
10
4%
i-
1072
*18 3/4
10672
313/4
*106
4%
98 72
5
6% July
16 7a
Thompson Products jl———No par
Tbompson-StarreU Co——No par
700
30 y-j.
517»
*16%
17%
4%
98
xl0%
1
25%
25%
"i
98 74
10%
.•*183/i
472. /'
4%
100
13% May
Apr
10
507i Jan
IP/a July 10
'
4%
57< Mar
12% July
,■
7
preferred..
10
Avenue Transit Corp.JVo par
Third
3,400
15%
297a
Y
Y Y'
.
1073/4
233/4
Jun,
Jan
27% July 15
Thompson (J R)
..
2,700
107 74
9%
24
Xl77s
700
29 78
*
51
23 74
10
23%
16%
17
17
9%
23 74
/,
51
-
Preferred
Thermoid
400
51V4
29 7a
28%
•
45
Jan
3
9
1
$3 dlv conv
57a
108%
153/8
i
-
Y'Y,
S:Y:Y: V 44% •45
30
108
•
•
YY
12%
5%
12%
/
4%
43/a
108
108
28%
44 %
1572
1574
10872
x443/4
s?,3 29%
83/4
5% Jan
35
67u July 12
28
19
147i Feb
• 8% Feb
>
19
Mar 17
49
f
1272
472
87/«Jun
5
3
12
29
,,—100
17% Jan
4
Na par
12% Jan 13
—No par Y** 50% Feb • 4
No par
5% Jan
6
Pacific Land Trust
The Fair—.
240
♦12
30
29%
157a
108 74
108
43/8
4%
4 74
28%
10
Texas Si Pacific
100
8%
9
44%
S} 443/4
45 :-:;-
':
110%
f4: j
No par
Coal
Ry Co_
100 7; Thatcher. Mfg Co
:—
;
$3.60 conv preferred
30
*8%
*5%
7
No par
& Oil
Texas
300
*8%
12
12
,
;
,
Jan
Jan
Jan
Mar
Feb
Feb
Apr
-
,
:
Corp
•
(The)
7 Texas (Pacific
8,900
•
110%
49
Corp
Texas Gulf Sulphur—:—
1,700
■
12
50
5
5
25
Texas Gulf Producing—
V 1,500
8%
*463/4
5%
*5%
5%
5%
34%
2374
:
874
8%
■
*11%
Texas Co
-3,100
111%
*109
8%
8%
8%
874
8%
11172
*109
112
*47 74
%
"173/3
173/a
:
5674
8%
.,
\
2374
•5674
>
103/4
*23 7a
*109
53/4
5%
17%
17%
24
*8 Vb
8%
11172
49
17%
17%
Tennessee
6,500
674
34%
35
X34%
17%
5674
21
5674
'357a
1,100
46%
6%
■
'
,10%
*23
24
*2072
67a
6%
11
4 67s
46%
,
Telautograph
7 t
42
474
10 V2
45%
4%
32%
—9
572% partic preferred
-
10
400
11
?t>
11
10%
x467s
6 7a
2174
1074
107a
*;
35%
3472
10 74
17%
*17%
6
67a
■
*34 74
35%
35 7a
v-Y.t
■;■■■■
Talcott Inc (James)
100
V
6
*5%
6
6
47%
10%
4772
6
49
*48 7a
49
*48%
8%;:&
*8%
Y--;,
"
47
V'
49
*48 7a
49
6
6
6
•
8%
8%
8%
*8%
8%
*8%
8%
»872
113/4
Jun
67
1
14% Aug 21
77
*113
113%
*113
19%
18%
•108
108%'
'108
99
28%
28%
*118%
-
23
23
23
112
112
1%
1%
1%
35%
108
*663/a
67%
247a
*24
24%
400
1%
1%
1%
1%
363/a
387a
367a
10574
10%
10%
10%
10%
11
31%
31%
31%
*10
10%
31%
31%
313/4
87%
87%
87%
86%
86%
863/4
1%
1%
1%
1%
1%
1%
15%
36%
36%
105%
6
6
:
11%
*11%
106
*105%
78 %
78%
6
11%
11%
13%
47%
*47
*40
7%
(J%
6%
13%
13%
7%
11%
.
*79
7974
*173%
180
7974
.
'6 3/4"
7/5%
.
Faperboard
16
7974
500
*79
7%:
7%
977s
preferred
7%
U
95
25
'
115
7%
8
9%
10
36%
37
45
45
37%
38%
2
;
25
25
*111%
*13%
133/a
*4774
48
40
39%
39 %
600
7%
*73/,
734
7%
700
U S
25 7a
1,600
V
2..
7%
8%
8%
9%
9%
*9%
36%
2,400
110
5%%
preferred
conv
Leather
Co
No
:
par
138%
*138
56%
*56
78%
*76
*76
58%
58%
129
129
87a
9
934
97i
*974
36%
87a
10
38,800
500
U S Pipe &
36%
36%
*36%
37
•1,100
467a
*44
467a
*44
467a
'/ 100
U S
38 74
37
37%
*37%
3874
600
U S
1%
*1%
1%
17a
2
51%
51%
,51%
517a
140
*138%
1407a
*14074
57
*56%
57
*56%
57
78%
58%
*76
78 7a
*76
78%
51%
58%
129
129
58%
59 7a
583/4
129
128%
1283/4
1417a
58%
129
*140
142
56 34
tU S Realty & Impt
U
100
t
:
*
900
57%
*76
2,000
>
27%
27%
27%
27%
27%
277a
27%
x267a
*46%
48%
*46 %
48 %
*46%
48 %
*46 7a
4874
x47%
47 7a
10
3%
3%
3%
3%
3%
3%
37a
-1,000
4%
4%
4 %
*98%
99%
98%
;v
*15%
16%
*4%
5%
36
36
74%
74
169
169
4%
100
16
16
*4%
5
36
36
74%
74%
*169
4%
*3 7a
4%
100
100
16 :
16
5%
5%
*36
36%
76
77
*169
47a
.
*98%
*153/4
*5
4 yy
4%
100
■
16 %
5
,7%
.
36%
35%
357a
140
76 7a
76%
76%
77
190
*169
conv
19%
19%
11%
11%
*11%
46%
46%
*46%
118%
*117%
13%
13%
13%
*45%
46%
46
19%
19%
*19%
197a
600
Vanadium Corp of Am
12
113/4
11%
117a
117a
400
Van Norman. Co—;
46%
118 %•
14
.
46
46%
46%
47%
51
*117%
1187a
*117%
1187a
♦1177a
118
1474
14%
147a
14 3/a
*45%
467»
46
46
14
47
47
*45%
7.
147a
•
%t
,
1
C
4674
Y
!
3%
53-
119%
*80 ;
83%
*80
837a
*80
837a
*80
837a
85
*82%
85
*82%
85
*81
85
*81
85
25%
37/a
53
119%
25
:
25
4
4
53%
24%
4
54
118%
118%
24%
3%
54'
*11772
54
118%
2434
378
54
118%
2434
37a
54
119
*24%
4
7%
25
S
150
*41
42%
*41
42%
*41
427a
*41
427a
*41
42%
*41%
43
*41%
43
*41%
42
*4l7a
437a
*41
44
36
121
*150
35%
35%
*150
*35%
36
36
*121
130
*150
;
36
*121
*121
*150
Va-Carolina
1,100
119 7a
36%
•3674
*121
6%
Va
&
Pow
4
500
10
;
Preferred
*150
52%
*52 7a
1174
11%
117a
*28 3/4
106
29 74
106
*283/4
"106
53
53
53
117a
11%
12
2974
110
*29
29 74
*106
*5374
5474
5474
547<
*187«
18 34
*18 7a
183/4
*18%
110
53%
83,4
For footnotes see
8%
page 999.
87/a
87a
87a
53 7a
1
1874
9 74
53
11%
29
53
12
29 74
106
106
54
54
*1874
9
183/4
9
*5274
117a
53
12
•7 400
1,500
Wabash RR
Waldorf
297»
29 3/a
500
105%
1057a
400
472%
400
Walker
54
*1874
9
54
5,200
preferred
:
:
preferred
(Hiram)
Dlv redeem
187a
9 74
Walgreen Co
Walworth Co
:
16 7b
Jan
99
Dec
Sep
2%
Jun
Dec
8
293/4 Dec
3
17
1
12% July
5
4%
Aug 23
21% Feb 17
84 7a
Jan
99 Vz
9 7a
Jan
19
106
Mar 28
.
Dec
Apr
13 74 May
•
Dec
Jul?
59
Jan
753/4
Oct
Mar 13
180
4
Jan
5%
27
168
Jun
88
10
100
3% Jan
Dec
181%
Apr
5
53/e
Jan
107a
Oct
May 20
13% July
303/4
Jun
44%
Nov
,43% July 11
30
Jan
x42 3/4
July
23
4
Jan
73/4
Apr
19%
Apr
48
8% Jun
13%
2572 Aug 21
112% May 31
Jan
108
114
Jan
Oct
9
9
43/4
Nov
87a July
10
25
July
July
6
8%
Nov
9%
297a
Jan
July 20
25%
Jan
42
July 10
32
Jan
44 72
37% Jun
47
,
42
2% Jan
27
20
U
377a May
July
Jun
3 3/a May
Jan
25 74
Jun
Jan
4674
101
Jan
130
Dec
46
Jan
62
May
May 25
77% Aug 21
63% July 10
•<
30
20 7a
23
42 Ye
Jan
474 Jun
29
1%
d'an
3/4
J^n
July
29
Apr
503/a Aug
'
.
-:
33/4 July
3
Oct
56
Jun
88
Oct
5
13%
Dec
20% July
July
5
2%
NlV
674 July
39% July
3
307a
Nov
78
7
5974
Jan
4% Sep
4
100
1
4
•/ July
25
18% July
18
6
4
4
July
16972 Aug 21
Mar 20
-
150
Jan
Jan
4
23 Vb July
5
^
Jau
9 74 Jan
4
137a July 11
8%
Jan
51
28
116%
12% May 15
Sep
l
11972 Jun
3
.
Nov
593/a July
125
Nov
4872 Feb
Apr 27
Jan
74
Jan
8
27 % Aug
28
Jan
Jan
/Jan
135% July
Apr 26
Jan
64%
473/8
112
Sep
12
:■
25%
115
Jan
M«r
4174 July
7572 July
16572
Nov
25 3/a July
12%
Feb
3772
Oct
120
Oct
14% Aug 30
4172 Jan 25
49% July 24
407a
Dec
4472
Oct
51
Jan
65
85% July 21
57
Feb
6772 May
26%. Feb
5
25% Aug' 1
574 Mar 24
20% Nov
9
623/4 July
39
Jan
2072
Jan
27
Jan
40
Oct
2974
Jan
353/4
Sep
Aug 28
80
Jan
110
Aug
6
113
Jan
150
Nov
par
100
100
100
37
33
102
100 *
149
a
Jun
/
7
120
14
17
Mar
7
42
Aug 18
3674 Aug 23
Apr
19
Jan
4
121
Feb
14
155
2%
Jan
6 3/a
July
6872 July
Aug 23
52
21
5
Aug
:
July
45"
Oct
7/;77.
100
No par
—No par
;100
G & W—No par
preferred
2 7a
3
Jun
Apr
7672
8074 July 27
.7
'
System
.July 13
35
61% July 13
100
:
l
472%
Nov
15
-25
;———25
preferred
233/4
60 74 Mar
/■»
11
pfd
6%
5
Feb
70
217s Jan
37b Aug
Feb
52
113 72 Jun
Feb
3872
Va Iron Coal & Coke 5%
Vulcan Detinnlng Co—
July
978
63 7a Jan
Virginian Ry Co
-
•
66
Jan
39% May
4
Jan
5
——No
pref—
$5
Jan
Jan
5 7a
100
div partlc preferred
El
9
3874
100
preferred
Chemical
Jan
3G
14274 May 18
37
5
w
52%
Sugar
Victor Chemical. Works—•
900
1,500
119
100
Co_672
preferred
non-cum
7
5
Inc.:
Vicks Shreve & Pac Ry
20
5%
4
2.50
2%
Sep
7
17%
No par
Chemical Co
Vick
300
537a
53%
1st
Vertientes-Camaguey
4,600
V
*35%
121
Van Raalte Co
1,200
Y
80
80
*82
*25
20
*11%
Dec
13
V;l;77lS/ll||
*19%
Dec
943/4
Feb
162
100
12
Sep
96
6
27» May
Jan
31
68
par
preferred.
8%
353/4
157a
105 7/e Aug
6 3/4 Sep
3
274 Apr
Jan
76
14% Jan
.3 74 Jan
-No par
19%
*117%
•
No
Preferred
7/7:1.
19%
.
Jan
Jan
5
Jun
54% July 14
7 447a
2%
-
Universal Leaf Tob
10
*169
1
5
Jan
7%
/ 2% Jan
15% Jun
xll93/4 Jan 27
May 18
22
preferred
No par
Universal-Cyclops Steel Corp
_1
Universal Laboratories Inc
_1
$6
500
*35 7a
25
Corp
/United Stores class A
800
500
5
No par
.—
preferred--
Stockyards
li
173/a
Jun
Jun
7
69
No par,
100
1
July 10
6972
X2B
Feb
40
130
52 V2
50
i
Jan
114
507-1 Apr 19
7
100
50
Min—
_
non-cum
United
8,200
%
1st preferred
non-cum
U S Tobacco Co
1,000
99
*16
5%
267a
43/8
47a
99
163/a
•
8%
10
Co
Preferred
*27
4
Rubber
18%
117a July
10
Jan
21
33 74 July 14
3
Jan
Jan
Jan
89
9
Feb
227« May
Jan
11
11% Aug 30
3
Jan
Jan
16
Jun
333/8 July
55 72
78 Vb Aug
303/4 Apr 19
40% Jan 3
3574 Apr 18
Feb
2
1
No par
U S Steel Corp
7 Preferred
12,000
129
128%
8
U 8 Smelting Ref &
783/4
58%
58%
Plywood Corp
5,300
51%
8%
20
10
1
Foundry
Playing Card Co—
1,700
2
51%
1
10
Preferred.'
9%.
*37%
.
100
preferred
U S Lines Co
*44%
.
No par
Par tic & conv cl A
Prior
*36%
?
51
56%
8%
87a
in
37%
1%
138%
24%
115
115
46%
37%
50%
243/4
*111%
*111%
37
*44
50%
2434
25
115 -7
*111 %
Oct
May
10972
1053/4 July
5
11472
17% Jan
173/a July
872
Jan
7
42
3474 Apr 24
Jan 19
5
3
167e Jan
Feb 10
110
57a Apr 24
U S Industrial Chemicals—No par
25
115
97
13
1% July
12
Jan
21
Aug 25
Jun
37
6
Jan
5
50
Mach Corp
Hoffman
S
:
'
*111%
Jan
26
3
Feb
143/4
70
170
20
100
U 8 Gypsum Co
48
•
Jan
Jan
8
4
,-No par
133/a
7%
9372
Aug 25
23
98% Jan
No par
U S Freight Co
120
179
1st preferred
$6
900
397a
13
28% Mar
Nov
40
70 72 July
.
Jun
28% Jan 19
No par
U S & Foreign Secur
800
270
16
.:•/
*473/4
13%
48
Oct
Jan
114
14
1
100
10
417a
13%
48
11472
Jan
4
Jan
8
r—13 72 7-
preferred
United
3,700
.
106
*105 7a
7
179
180
223/4 July
102% July
2474
Mar 23
May 5
5
Fdy—
'
16%
Jan
Apr
79%
3472 Aug
3
Apr 19
Apr 18
Jan 74
5
Feb
45% Apr 19
5
Cos
7 When issued
■/United Merch & Mfrs Inc
70
11%
*11%
11%
105 7a
:
Coal
Electric
*7%
41
7%
6%
Corp
—
*40%
48
41
•'
6%
1057a
Jan
15%
807».Jan
July 20
107
26 % May
United Fruit Oo
—No par7574 Jan
United Gas Improvement——No par
172 Jun
2,600
-
•
Dye wood
Preferred
par
No par
5
No par
1
100
_
United Engineering &
500
3674
*16
1053/4
..
xll8
12072 Aug 18
110,,
61
22
17s
31%
1272
9574
6
No par
No par
Co—,
Drug
United
500
51,100
15%
15%
15%
No
Corporation
preferred
United
1,200
17a
1%
10674
79%
13%
1%
357a
16
Feb
Jan
30% July 11
19
207» May
par
-100
$4.75.preferred
->7
1,300'
V
87
87
87
*105%
*178%
47%
3174
367e
11%
79%
10%
1053/4
105 7a
178%
97a
3174
15%
11%
79%
107a
105%
X15%
1678
7
2,390
313/4
.No
Co
preferred—;
Carbon Co—
United
23,700
74
x357a
105%
106
16%
11
717a
15 74
6%
6
178%
178
178
*105
107a
76
367a
36%
36%
105%
11%
105%
15%
15%
36%
*105
105'%
16 %
16%
15%
-
$3
300
*7 74%
Biscuit
conv
United
9,800
*104 7a
11%
July
x24 74
'
1027a Jan
10
100
—
7 United-Carr Fast Corp
17,600
30 Va
preferred
United
300
1047a
78 7a
41
66%
10472
11
15%
5%
3,300
76
*105
>
66%
163/a
11%
.
7.United
80
167a
78
1%
1,100
16 3/8
10%
87%
23 7e
167a
71
10%
119%
4 7a %
105V8
*104
86% May
287/a Aug 21
Jun
25% Jun
l003/4,Feb 24
22% Apr 18
100
;J
Air Lines Inc
300
16%
'7 16! '
100
26
5
preferred—
conv
18,600
24%
36%
5%
United
3274
1187a
*23
IOVb
*31
7;.
31%
*110
1% 7 1%
7
113/4
Dec
113
6
9272 Feb
—100
No par
Aircraft Corp
United
8,500
1187a
23
•
preferred
non-cum
32%
110
72
7:
4%
Union Tank Car
108
*107
108
23
24%
36%
29
287a
110
X24%
104%
28%
23
107.
•
32
119%
20% July
111% July
Jan
'x76%
'
112
•
68%
:
*107
32%
119%
*66% •V 67 %
16%
104%
104%
104%
28%
r
113% May 26
18% Feb
93 72 Jan
25
100.7
Union Pacific RR Co—js—
2,100
28%
109% Feb
No par
Preferred $4.50 series
Union Oil of California
/
1,600
28%
23
36%
16
15%.
15%
98
277a
*110
1%
36
36
93
28%
32%
;5
v:;
.
I
20
Jan
8
11672 Apr 14
pfd—No par
137» July
82 34 Jun
59
42
26
97i Feb
7
76% Feb 25
113
Feb 19
No par'
'
983/4
28%
26
*25
26
*257.
70
2,100
Jun
No par
Union El Co of Mo $5
2,400
•
98%
66%
66%
66%
66%
112
10874
.
19
109
*107
98%
*118%
23
•
1137a
18%
19
28%
*107
1C8
32%
112
113
>' 1087a
28%
120
*118%
120
187a
60
66
51% Jan 10
7 Union Bag & Paper
Union Carbide & Carb
2,900
1167a
28%
I
28%
32%
32%
32%
113
19 %
108
79%
*116%
*113
79%
1167a
1374
79%
FisW Co——No par
Under Elliott
;
10.900
127a
,
'
98%
28%
28%
113%
18%
107%
98%
*107
108
*107
•
98%
28%
28%
19
108
>
*28%
>
98%
113%
113%
18%
'
x79%
*116%
116%
*116%
116%
700
;
No par
No par
Jan
3
10% Jan 19
• 26 Ve Apr
1
105% Mar 27
40
;
Feb t 4
1774 Jan 12
774 Jan- 3
48
•
5972 Marl3
1272 July 10
30
May 25
108
July 3.1
55
July 14
18% May 26
107e Jun 27
2472
Jan
407a
77a
Jan
113/, May
20%
Jan
2878 July
103
Feb
109
Dec
Jun
387a
Jan
547z
15%
Jan
18% May
4%
Jan
93/4
Oct
Jun
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4313
160
NEW YORK STOCK
LOW
Saturday
Monday
Aug. 26
Aug. 28
9 per
S per
share
*9%
Aug. 30
2
*9%
2
*56
12%
25
25
V 31%
24% ;.'24%
19%
19%
19
*29%
29%
9
.
*30%
13'
13'/a
13%
31%
*24%
; 19
19-t
29%
*29%
29%
*29% ,29%
9 i-<
9
*29%
,•23% -24%
•24%
24%
*79%
79%
•
79'/«
79%
79%
24%
24%
95
95
103
79%
.,••94-.:
9%
25
.
*94
.
24%
14
33% Jun
22% Apr
25
Elsenlohr_i__
Webster
par
93
118
93%
>93%
-
,94
118
103%
"I 118 y
...
118
93%
117%
:•
'•93%
93%
118
>118
193%
•!.
i
104%
>,
104%. 104% >
104
i 9 4 l ;., " 94 *•.
320
f
t* 25%
25%
:
pfd
110 X
,22
July
15% July
32%
Apr
23 %
Jan
20% Dec
.Jan
30% July 11
17%
Jan
26
2%
6
3
10% July
,
83
6
-
19
Jan
8% July
17%
.
5
Apr
Jan
26% July
Jan
79%
8%
Jan
20 V*
Deo
50 Ve
Jan
85
Aug
67%
Jan
99
*
Jan
3
16
p.*: 85% Jan
3
..97% Aug
1
57
Jan
1
118
Aug 28
109
Jan
28
July 10
'
*
113% Apr
Nov
25% May 33
95% Aug 17
106% July 5
9
96% Feb
83
Sep
July
69
5
25% Jun
26
Jan
18% Feb
100
100
100
I
Jan
Dec
7%
27
Jan
77
1
West Penn Power 4% %
1,600
*108%
preferred
preferred
8%
-
320
*118 % 119
118%'
'V
1%
80
July 10
15 Yb
22% Jan
No par
West Penn Electric class A__No par
70
104%
15
>
May
2% Mar
56
Jan
12%
6% Jan
*
X
"
104 A, 104 >
>
Jan
26
Aug 23
19% July 6
23
!
No par
West Indies Sugar Corp
6,200
-
;
$4 conv preferred:
200
y
No
Wesson Oil & 8nowdrif<;
May 18
13
Jan
%
25
1
3,100
4%
2y# Aug 21
62
$ per share
15% Apr 25
5
7,000
95.
> 95- «>
i
24
22% Feb
Wayne Pump Co
*r
25
i
11% Apr
Waukesha Motor Co
1,300
9% >9%
v:
95
•
,
500
<
■
79% '-79%
24%
5
No par
No par
Pdy & Pipe
Washington Gas Lt Co
30 i.
24% K 25
•.4
79%
'
24%
*;■'
9
27
45
Highest
$ per share
11% Mar 31
27
Jan
Pictures
Bros
$ per share
1% Feb
par
50
Warren
19'A
*29%
:
,
25
f
r x
*19.
25%, >"
f
*79%
•
■;•
Warner
It
Year 1948
Lowest
Highest
share
Jan
8
No par
No
B
preferred
600
t per
Par
Baking Co cl A
Class
$7
11,000
•
31
--
*24%
*■
v
31
v
*>«.%/>!
A.25A*-
94>; 95
•
25
•.
'
24%
94 >
:
9%
9-
24% £ 25%
103
A
24%
19
;
Vl3
12%
.
:
Ward
500
-
Range since January 1
Lowest
'
800
1%
55 <;
vi'
Range for Previous
,
YORK STOCK
EXCHANGE
10%
1%
55
31%
*31
24%
9%
-
>
19
:
19%
23%
.
23%
*
1%
55%
NEW
Shares
share
*9%
10%
1%
55%
13
13
31%
*9%
1%
31
13
127/8
31%
>
10%
57
$ per
for
the Week
Sept. 1
v
S per share
Sales
Friday
v
Aug. 31
57%
1%
57%
•
Thursday
S per share
10
*9%
2
57%
STOCKS
Wednesday
S per share
RECORD
PRICES
Aug. 29
10
2
SALE
Tuesday
share
*55%
AND HIGH
999
Oct
87%
Oct
Jun
119
•v*
'
;
*108
33%
33%
W
*4% ;•
4%
*4%'
.12%
*11%
5 -/
12%
&
46%
46% V 47 %
27%.
27%
27% *27%
26%
26%
>>•26%
,26%
104
4%
104%
27%
4%
.
•
'
Co_>_„No par
*
100
Western Auto Supply Go
__1Q
Western Maryland Ry__.
100
..
4% non-cum 2nd:preferred
100
Western Union Teleg class A_No par
l,200k
300
100
■it ,i.J>.UV2* 12%
'v ••,12%
47% A 48
*12
47% •48
47% V 47%
16% Jan
West Va Pulp & Pap
:
X> -1 32% > 33%
4%-:- "4%
■' ,•■-
33 %
4%
>•:
.k
110 J v., 1
*33 v?
12 %
♦
26%
•
>108'%
33%
4%
*11% .,12%
,V
26%
110
33%
46%
.
v26%
*108%
,'33%
33%
•
26
,
110
*108%
110 X
;
'26
*&26
25%
25%,
;
r
5,500
6%
4
Feb
1
103
preferred
■'
104
104
■.
',.*133 %
*29
•
106
.
p-
A
v
21
26%
•
*135 cr 137>"
10
vV33%
100
Weston
200
5
2 V*
Jan
6%
Apr
3
5%
Jan
11%
Apr
:
37 y8
Oct
49%
Oct
i
22
Nov
24%
Dec
15%
Jan
24% May
1st
preferred
partic
X91
_50
-50
Westlnghouse El & Mlg
*76%
108:
>105%
106 %
*70
72
•
104
-
29%'
.
,
104
29
*105%
■:12AA-
,
v
21 X"
*19% ■1 20%-;
26%
v.
29
< 76%
77
-
120
'
1,300
76%
-
7.0
20%
3,100
^ '£:•
■
108% Jun
Jan
4
•
100
Jan
136
Jun
Jun
24
31
Jan
40
July
32
4
106%
112%
Jan
:
Jun
July 17
52
Mar
60
Apr
3
104% Aug 25
85
Jan
99
Oct
7
32% July 10
18
Jan
24% July
28
'84% July 14
58% Jan
71% July
15
•77
;
"
20% Feb '
'
20
18
Feb,"
7
,22
1
White Motor Co—
29% May
22% Nov
July 21
?
106% July 13
"59% Feb. 19
""'97'A Jan
66% Jan
'
July
120
110% Aug
101% May 26
•
Jan
?7
13
12
81
Jun
'36
8
19
138
Feb f.l
105% Jan
preferred
preferred
White Dental Mfg (The S S)
2Q0
26'A f'26%
*20.
26% *
,
•
25% Jan
32,
12.50
Eleo Instrutaent
-
127% Mar
No par
No par
Wheeling & Lake Erie Ry^_____100
5%% conv preferred
100
Wheeling Steel Corp__
No par
$5 conv prior pref
No par
$4.25
..
30
v
103%
29
.
*76%
26%
"72
-103
$4.50
40
100
106
*70
:
1
"
29%
"•
31*
*107.-h 108y2
"1
77 i•.:<
•
\
26
"r
? 107..X
-
104 •;
*20
26%
.^.*33
31% "A- ./:•«,*,"31
20
f 21 A' ■ Apr 24
Westinghouse Air Braxe_.„_No par
Dec
6% July
"
10
22% Jan
Westvaco Chlorine ProdPar
::v
*33 r. .*• 33 %
*31
107
29%
76%
26
■
i
:••,
106
*103%
*20% 121
21
26
-
29%
V
34
*70 V-
105
76%
W104%M05%
4,000
2,500
Oct
Sep
31%
53% July 10
31% July 10
28% July 10
;
3
'
No par
;
1,200
fi27 V8 "i? 27 %
'
135% '135%
Class B___.
>28<J
"
105 %
104%
:
>31
106
72
.
31
-107
106
<•29%
77
137
.*33 ?:■■■
31%
108%
v
*103%
'
29%
*76%
]
V.?
*68
'
71
105
r
3
106
106
,
29%
•-
*107
107%
7i
*104
*29
105
27 % :i273/«
*
*27%
j;yfK.
Jan
,!.'161A July
3% Jan;:7
X 7% Jan
41
} Feb
'
C34;v
.*331
•-',
31%
V
107%
■i'v
104%
*133%
33%
33%',
;
26% ,•27'%
*133%
-
,28 V i 28
.
110
Jan
19
..
'
•
28 >
16%
11% Jan
103
107% July 7
35% Jun 13
26% Apr 25,.
*
20
Feb
7
,29% July
7
5
Jan
9% July
5
July 18
20
Jan
Jun
22% Aug
13% Jan
§ White Rock Min Spring Co--No par
"
hi 8%
8%
8%
'
*86
87
*30%
87
30%
*7%
8%
.
*7%
.
.
9
,T8% T9./|T> *t *8%
9%
*
*87
90 T"
*87.
89
*30%
A
30%
30 %
7%
"v.
: 87
.
31%
*30:/.:
31%
7%
7%
15%
16%
15%
16
15%
16%
15% : 16
10
10%
9%
110
10
10%
10. x; 10%
93
93
93
93
93
12%
12%
12%:.,;
A"'.::
■
:
*7%
:.;x
V-
V
30
'I
300
A i
100
'
A
7%
157/« >:i67/8
v:/'
White Sewing Mach Corp
$4 conv preferred1
3,200
(.
■.
'-")31%
*30-T
*7% ;«-7%
7%
:•/
9
87 "
87
•
-1
No par
20
v
Prior
Wilcox
preferred
Oil
Co
*
Motors
Willys-Overland
22,300
Jan
27
4% Jan
?
10%
10%
:
1
93
*12%
12%
*12%
*123
'123
9%
9%.'
42%
31%
Hi
9%
"A*.
_9%
9%
*21
21% .21%
aa
31%
42%
:, *123
__
"9%
1
21%
*21
42%
31%
*67%
69%
.42%
...
»
'
69%
*67
*67
69%
*67
*67
73
73
*69%
.
69%
;
*73
70%
.75
70
43
73.
9%
*
*66%
69
74
'V;"
,
36% Jan
20% Jan
100
Prior pfd 4y2 % Conv series—100
Wright- Aerohautical
No par
Wrigley (Wm) Jr (Del)
No par
47% Jan
-
74
-
80
69%
69%
3
-10
(Del)—No par
-
7.00
49
'
14%
34%
34%
34'%
14%
14%
14%
143/B
19%
39%
19%
*19%
40 V -!
39%
103%
104 %
X17%
173/4
17%
173/4
42%
42%
42%
6%
5%
19%
*19%
19%
397/a
39%
397/8
*103%
104
''
17%
41%
41%
41%
5%
and
17%
5%
6%
asked
§Name changed
prices:
no
104
104
104
"17% .18%
18%
42%
42
6%
6%
sales on this day.
18%
a
•-
14%
<
19%
19%
/
397/a
5%
tin receivership.
;
•■
14%
19%
42%
43
•6%
•
39%
403/s
-
Deferred
delivery,
700
4,400
310
»-* O CO
1033/4
,
n
7,900
2,300
82,100
6
New Stock,
r
Towne Mfg.
Cash sale,
s
6
43% Aug 18
United States
16 y2
Jan
44%
Jan
46
Jan
8
87% Mar 14
78 V*
Dec
Apr 26
70% Aug 24
58 y8
Jan
70%
Sep
6
36% July 17
21%
Jan
31%
Sep
25
15% July 20
17% July
.
and Miscel.
Foreign
Government
57%
Jun
Jun
Apr
20% July 14
Jan
6
Jan
_7%
Jan
42% July
3
24
13
5
30
Jan
41% July
7
82
Jan
98
Nov
16 y8
Jun
104% July
3
33% Jan
3
/3%Jan
18% Aug 30
44% July 12
19
6% July
x-Ex-divldends.
Bonds
Bonds
(NumberA
Bond
5
9% Jan
Jan
2
37% July
Jan
19%
4% May
y Ex-rlghts.
Bonds (Par Value)
'■
Week Ended Sept.
Tuesday
Wednesday
i—
554,300
$4,335,900
$212,000
$7,000
$4,554,900
.619,760
.8,94,655
604,740
5,063,600
364,000
10,000
5,437,600
4,815,100
344,000
7,000
5,166,100
-•
'
Thursday
:
4
Total-™™—-..—3,310,965
389,000
195,000
124,500
$1,504,000
191,850
—I
Wednesday
$149,500
:
447,000
104,000
1944
Stocks—No. of shares
f
r
t-v '
•
Bonds
Jan. 1 to
Sept. 1
Total
409,000
37,000
30,000
476,000
$2,371,000
$201,000
$96,000
$2,668,000
1944
1943
3,310,965
2,593,956
180,953,060
$19,000
$4,526,200
$2,297,425
84,658,600
2,368,204,200
Foreign
Industrial
;
7'.
Jan-1 to Sept. 1
1944
1943
47,135,232
54,537,492
$3,040,000 $124,042,500
68,000
7,369,000
19,000
844,000
$152,103,000
96,000
$2,668,000
$3,127,000 $132,255,500
$163,128,000
.1,127,840
—
Bonds
•
..
1
1043
,
673,845
213,516,802
$149,500
shares
Stocks—No. of
'
Government
492,000
650,000
520,000
Sept. f
1944
1943
~
556,000
26,000
230,455
<
Week-Ended Sept. 1
Week Ended
$494,000
13,000
1,127,840
Friday
$24,923,100
32:555
255,735
.
4,581,500
25,000
531,000
.245,700
$2,000
$28,000
$464,000
204,100
Monday
5,183,000
1,000
4,262,000
$23,269,600
.637.510
4,793,000
L
Total
HOLIDAY
Tuesday..
'
Corporate
Government
Domesttt
Shares)
1,1944
Saturday—-
—>.
__1—
Monday.:
Foreign
Foreign
of
'
Sales
Bonds
HOLIDAY
Total
54
108
t"'
96
Total
Shares
EndeQ Sept. 1,1944
&
24% July
42% July
25% Oct
July 14
1
Railroad
Jan
Jan
Stocks
Railroad
Number of
S.
10% July
3%
17%
30% Jan
Daily, Weekly and Yearly
Stocks,
C
Dec
Transactions at the New York Curb Exchange
Daily, Weekly and Yearly
Friday
121
to Wisconsin Mineral.Spring Co.
Transactions at the New York Stock Exchange
Week
Jan
July 20
wd When distributed.
Special sales,
115
73
14% Jan
No par
Zenith Radio Corp
; 11% Apr
33% July 17
33% Apr
Zonite Products Corp—
Jan
Mar 23
July
Oct
9
74
9 % Apr
York Corp—
3,100
11
86%
Jan
Oct
5
Jan
27% Mar
Co
25
J
1
Young Spring & Wire
No par
Youngstown Sheet & Tube__No par
5%% preferred series A
100
Youngstown Steel Door
No par
Yale &
300
34%
14%
19%
•Bid
35
35%
14%
•
397/a
104
*34
*34%
35%
14%
Sep
Jan
Apr
5
r. -"
*34%
July 31
24
•
4
•»
•69% Jun
"58
9%
57%
July 10
124
27
(P W) Co
Jun
14% July 14
5
24
pfd 4'/2% series
Jan
9%
96
7% Jan
Worthlneton P & M
Prior
6% July
4%
-19% Apr
f- 2,700
Woolworth
Jan
2y8
July 31
*
7,000
2%
5
5
10
Min Spring
Woodward Iron Cfr—
700
.1
■...
•:
69
73
10% Jan.
124
100
27
11% July 10
CoJ-~No par
Wisconsin
7,800
t
31%
*66
70%
pfd
86
Jan
20% July
'
10
Co
Wilson-Jones
300
(
/
; 43 'TV.":
"•i42%
4 31A
A
69%
,
•:
,
"
;
69%
,V.:: 69%
70y8
■
Jan
4
Jan
80% Jan
No par
preferred
Wisconsin El Pow Co 6%
9%
:•
31% •31%/V
*67%
X'.' *72% 1. 75 A:
.70%
70%
-
>12%
X :;: -J 21A: ';2i:
■21%
*67%
69%
*67%
9%4
-
12%
$6
900-
*123
P
-
42%
31%
169%
:
31
21 %
•'
42%
.31%
42
-*■'/ 9%
21%
./•a*
*12% A12%
*123-/
93 '*
93 *.'
93
*92%
•..'•/
9% Apr
7y„ Oct
Jan
3
Feb
8
No par
2%
40
3
6
-1
:
Wilson & Co Inc
8,400
i
■/'
>
*20%
Aug 29
30% Aug 29
14
24
'
'
87-
24
'
,_5
—
26
X64% Jan
1.504,000
23,269,600
$24,923,100
76,147,500
1,480,000
28,081,400
1,856,385,800
Domestic-
t
$2,371,000
L
201,000
Foreign government
'
.
Foreign corporate
•'
1
TotaL.
$29,610,400 $1,937,059,500 $2,455,160,225
Stock and Bond Averages
the daily closing averages of representative stocks
the New York Stock Exchange as compiled by Dow, Jones
Below
listed
on
are
10
30
20
.
IS
Utill-
August 26
First
Becond
10
Indus¬
Grade
Grade
Utili¬
Rails
Raiit
ties
109.39
79.82
110.24
101.70
109.34
79.55
110.25
101.61
107.22
109.20
79.89
110.29
101.65
52.72
107.19
109.14
80.05
110.35
101.68
52.74
107.21
109.20
80.20
110.25
101.71
roadt
ties
Stocks
Closed
40.54
40.72
40.95
40.89
40.87
25.25
25.22
25.31
25.29
25.25
52.58
•' 107.34
52.68
107.29
52.81
*
"146.87
147.12
August 30
147.23
August 31
146.99
Sept.
1—
147.16
.
Total
10
65
Rail-
trialt
August 28
& Co.:
10
•
Total
Indus-
August 29-
and bonds
-Bonds-
-Stocks-
trials
40
■!
Bonds
Closed
,
,
10,023,000
1,002,000
!
unto f**th#*k
'«
:
1000
i
.
*"
'.
.
THE COMMERCIAL &
'J#-'
Monday, September 4, 1944
FINANCIAL CHRONICLE
Bond Record^«» New York Stock Exchange
><<<<<■:>
Prirea
wnTirF
andwhen outsideof the
the week,
'italic
The
letters in the column
vMv,
::
>..i
■
Friday
>
regulITweekly
in a footnote In the week In which they occur. No account la taken
"Interest Period" Indicate In each case the month when the bond* mature.
headed
</>•
yearly:///:-;;^
WEEKLY >■
...
a- •<
■
range are shown
range for week ending September i
'■ Y-Z'S •v®
>,
of
Cash and deferred delivery sales are disregarded In the week's range, unless they are the only trauaocnona
and defaulted bonds.
Income
for
Interest"—except
"and
are
of such sales In computing the range for the vee*
:
f V 7.. L 7'\:'CrS
7v7-.:
:.<<•/
-• v-:.c •
,
••■ V
-.-v-
i
.
.
dm
.1,
y.'-
.
U.
8.
Treasury
Treasury
1949-1952
1946-1948
-—1951-1953
1955-1900
—1945-1947
1948-1951
1951-1954
1956-1959
1958-1903
1960-1903
1943
—1948
1949-1953
1950-1952
1952-1954
1956-1958
1962-1967
1963-1908
June 1964-1969
Dec. 1964-1969
.1—1965-1970
1967-1972
1951-1953
i_1952-1955
3s
Treasury
3s
Treasury 27/bS
2%s
Treasury
Treasury 2%s
Treasury
2%s
Treasury
2%s
23As
2%s
2 Vis
2'/2S
2%s
2Vis
2 Vis
2Vis
2Vis
2Vis
2 Vis
2%s
2Vis
2 Vis
2 Vis
2 Vis
2 Vis
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
-1956-1959
a*
'••••
-——-1947
2s
Mar 1948-1950
2s—Dec 1948-1950
2s
Jun 1949-1951
2s__
Sep 1949-1951
2s
—Dec 1949-1951
2s
.March 1950-1952
i2s
Sept 1950-1952
2s
;
—.1951-1953
Treasury
,
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
.
W
•:
3-D
7'..
tVis
3s——
Registered
'7-
1961
—
109.12
111.9
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P.ARL MARES & P.O.
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FOREIGN SECURITIES SPECIALISTS
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Telephone HAnover 2-0050
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.
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1933
—
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573/4
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•■
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1958
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1952
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1955
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1955
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1949
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Belgium external 6Vis
96 3/4
;■
-
.28
,
26
16%
5
>
■
100%
88%
—
A-0
J-J
28
84%
TOO
>
F- A
conv
14
26
27%
16%
J
28%
16%
i
«
A6s
Haiti
25
17
—
4
84
>
17
•
Y
tee ern
M-S
1
V
80
r
A-O
1969
unstamped
A7s
17
AExternal
series
79
•
»
10
287/a
•
AExternal
;
'
'
10
287/a
J-J
7s
Greek
c
81
81
•
>
1
69
.
'
'
"
1943
1st
59%
*
'
•*»•—
AExternal
7
50%
'
'
fmme-
60
-
"
Af-8
1969
-
French Republic 7s stamped
53
1
•■>
60
60
•
f 7s series B
AAntioqula (Dept) coll 7s A
AExternal
A-0
1968
fund 6s
(King of Norway)
F-i
1948
sink fund 6s
AGtd sink
Akershus
AEstonia
Municipal
&
80
§ ;
'
1st
'76
;
59% -■75 '• / ■'
.
6
85
84%
-
% A-0
1961
152
59%
5- *76
>
>r
:
A-O
1940
5%s 2d series
Agricultural Mtge Bank
F-A
1942
Customs Admin 5%s 2d series
,
,/
85
a-o
t_1940
5%s
112%
139%
®
'
A-O
1955
108 Va
100%
104 %
151
*147
®iV*76
J-J
1962
External gold 4%s
u® A 4
>:
*106%
r
A-O
194S
lADenmarfe 20-year extl 6s
External gold 5%s
!
103
103
•
M
3-D
-
i
BOND RECORD
NEW YORK
v
1
RANGE
BONDS
■■■;
/
Stock Exchange
New York
;;Week's Range 'V t tM*f'
Bonds
Last
or Friday's 4 Sold
Bale Price Bid & Asked
-
VV.T
(Kingdom of)
Norway
axiemai
,
iund
sink
1956
Oslo
1963
Panama
A
iRep;
extl
6
1953
1
t»er
:
1903
1994
1959
.1960
external 7s_;__:
a Nat loan extl s f 6s 1st ser.
104% 104%
J-D
■
1958
1947 VV
A-O
A4%s assented
loan s f 7s
A Stabilization
21%
■hw
*10
23%
-
sink fund gold 8s_-
External
APorto Alegre
.1961
3-D
3-3
1952
1947
Queensland ^State) extl 6s
ARio ae Janeiro (City of) 8s.
Rio Grande do Sul
jF-A
.
.1948
J-J
Aft;<*^r:£WY5Q
MS
-L'-
■
3'3
1
A-O
311
,
18
40%
-
,
••ii^l;i8%;;
"
f *22
—
J-D
20
30-
*91
i
:
*100'% 102
F-A
;
readjustment___,_/-_1979
Af-N
$
Af-N
/
J
J-D
u88
zp
i
91A 101'
(V,;t 91
4»Vt
'
F-A
readjustments—1978
3%« extl readjustment
—'—1984
AWarsaw (City) external 7s—-1958
■
3-J J ^
F-A''
assented——-^---—--.1958 7
,:'."
•
_——--——1953
gold 4s~_—1948
—1947
10-year deb 4y4s stamped
1946
Alabama Great Southern 3 Vis
1967
Alabama Power 1st mtge 3y2s____1972
Albany Perfor Wrap Pap 6s_
1948
/
6s with warrants assented_____L1948
Albany & Susquehanna RR 3Vas—1946
/
3%s registered
—-—-1944
Allegheny Corp 3y4s sec conv
.1954
Alleghany & West 1st gtd 4s.._——1998
Allied Stores Corp 4Vas debs——1951
Am & Foreign Pow deb 5s__
2030
Amer I G Chem conv 5'As
^. .-1949
American Telephone & Telegraph Co.—
stamped
;
—
*
»'
Ww
i A-O
Af-S
-
A-O
M-S
A-O
112.,
68
/
68
'
j-j
1970
'
F-A
.
Guaranteed
4%s.
1955
J-J
1956
A-O
.107%
124%
A-O
July 1948
1st mtge gold 4s
Stamped modified bonds—
>
1st mtge gold
(int at 4% to
Oct 1 1946) due
_„_July 1948
A (int at l% to .
1946) due
1995
1
gen
to Dec
ser
.
Sep 1 1946)
Ref & gen
ser
due___.__—1995
D (int at 1% to
*111%
.
-JSPK
,*111
J-D
86
88
M-N
__
t
40%
J-J
35
US
U
..
'
Ref
S'west
Jan
to
1
1947)
,
1950
1959
A.
& Aroostook RR—
(Bangor
Con ref
!
V
4s
debs—
Consol mtge 3y4s series F_.
Con sol mtge 3s series G—
Consol mtg£ 3y4s series H.
Beth Steel 3%s conv
see -page
57
56. '
;-;
14
•
♦'
M-N
'
'
«
if.'
.
,
37
9
;48%
33%
;
.
,
39%
105%
'104
/
Power 3%s
i
a-o
83;
F-A!
%:
1992
1996
1996
—1946
1989
1st cons gold 4s
2d consol gold 4s
Ry—
——1947
•;-/. ARefunding gold 5s
series B—1947
ARefunding 4s series C
1947
74 A 1st & gen 5s series A__.—i— ^1960
.7 A 1st & gen 6s series B—May 1966
Chicago Ind & Sou 50-year 4s
1956
{Chicago Milwaukee & St Paul—
AGen 4s series A
May 11989
7 AGen gold 3V2s series B„May J 1989
7 , AGen 4'/as series C
.-May 1 1989
4
AGen 4V2s series E
May 1 1989
AGen 4%s series F
-May 1 1989
{Chic Milw St Paul & Pac RR—
93.
y- *•"••'
:;;}T°9 ;Vv'r73%;J4%
91%;
51% T//:127.J;' ;, 41%
73
58
p;
154 '/TT
:,
yp[:
113
;':TT
64'/2
7'..'
j
41
41%
AMtge gold 5s series A
A Cony adlust.ment 5s_.
7
" 59
*
.Tr, >•; a
67%
82%
J-J
-
84%
/
-
40 /:•
44%
64
68%
■
;
1st & gen mtge
Des
84%
•'
:7'
80%
82%
■;Ty:
37
57
36
56%
76 '
'
82
.1951
T
82
:
7
27
A-O
.1950
J-D
89
J-J
-I960
F-A
.
106%
101 y4
;
106'/a
105%
107
106%
28
103% 103'/a
10
101%
104
106'% 106%
1
104%
106%
———7——1988
ACertificates
Gold
101'%
106
F-A
.1965
129%
100
1st 5s
deposit
SARefunding gold 4s
5 A Secured 4%s series A
A Conv gold 4%s
Chicago St L & New Orleans 5s
7
102
103% 103%
103%
stpd
————7-1927
Island & Pacific Ry—
90
103%
__■/
Valley
73%
14
*100%
Sioux
.
.
Div 4s_——-1969
City & Pacific Div 4s.—-1969
Plaines
74
100%
101% 101%
101 %
conv
{Chicago Rock
A General 4s
128
*130
A-O
A-O
•
mtge
85 /;
98%
A-O
-196p
82
81%
Jan 1 2000
Ry—<
f
4s ser A//———1989
income 4y2s——1999
{SAChicago Railways
25% part paid.—
+f
81%..
—1975
Chicago & North Western
59%
31%
324
38%
59%
46%
■*.14' V'1*'/
51%
v; 83;-'
68%
37'/a
11
11
./
/
'16%
11%
49 %
56:
34%
23
10
110%
19
93
83%
112
93%
31%
30%
32
134
30
39%
29%
30%
247
28
37%
7
«
,26%- 28
164% 104%
"2,
26%
106 (
108'/«
96%
74'
1
97.]
"
72'/a
;■
16
* 88
88
j#-s
/• 100
8S,
87%
86%
"
109 'A
109'/a
At-
.
30%
104%
21
105 %' *"'■ 105 y4 105%
../
35%
26
39
ivvv;
87%
m-N
50%
-
16%
12
4
11%
50
,
30
v
-
30
11%
92%
——
,<•
i
46 y4
•
*—,> 30 ■*
•;
91%
79%
43
--T;t.
1987
1962
.—
{Chicago Ind & Louisville
ARefunding 6s ser A
■
3-J
68'/a
53
10./„
„/
210% 110%
J-J
1987
4s
Potts Creek Br 1st 4s
2nd
3-J
.1959
69 ;" 89%!
89% ;105'%
105% 105 A <
; 25
51%;
37%
...
.
101% 102.
101%
-
;
88
•
100
102%
M-N
*126
109
103%
126 Va
121%
*103%
J-J
109%
121%
108 %
J-J
139
120
108
106 Va
6
106% 107
:
106 V\
9
103%
„•
106%
f-a
132%
22'
138% 138 3/4
M-s
J-J
4:
__
*122'/b
„
26%
J-J
105 tt 105 KJ
1
J-J
10518 105 J §
io
25%
26%
'
102
100%
3%s
of
-1934
1952
-I960
1951
—1951
Memphis Div 1st gold 4s
—1951
Chic T H & Southeastern 1st 5s—1960
Income guaranteed 5s__—Dec 11960
ACertificates of deposit.
106IJ
109%"
108%
J-J
''■Mi-
Af-N
J-J
98
110%
"• 58
84%
110%
61
92%
109
50 y8
; 108% 109
49%
50% °
;:*i27"-/7_.:;:;
j-j
186
*
i'yt..«
125%
<"•
12
19
100%
V
J-J
76
76%
19
81%
84%'
82%
;
83%
82
85
F-a
a-o
66%
J-J
4-
•719
823
104% 105%
191
67%
*103 .105%
65
*103
J-J
.71
V-
:
89%
90%
.
-
•
45%
64%
:
11%
17%
'
101%
107
77%
'63%
*'
71
177
103
104
103%
104
•71
$
J
•
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89%
76Va
77%
627
-
82%
;
32''
13 Vt
12%
13
104%
J-J
'
86
69%
T
51:l V
55%
54%
14%
,101
'76 %
•'•
,;'
55%
J-J
87
74%
88 V
84%
74
'
.10% ■*14%
::
76
83%
83%
45
250 '.
80
J-J
J-J
47%; 78%
/
V
J-J
J-J
83%
•
'10%
ioo%y
78%
79%
v
12.::
•5:.;'
-13%
J-J
65%
•
50
12-'
*13
M-N
88%
'47
r-./'
65
J-J
128%
76%
••
MX
55%;
64' '
64
'48%* 63%
.
'39'
83
y*7i%-76/:-7;.rl69
69
^
J-J
3-J
:i8
82 %f ;T; 81%
54%
J-J
105%
/
110%
110
f-a
106%
103
109% 110'/2
Af-S
f-a
'
106 i-2
103
*
/
30%
21%
148
A-O
!
106%- ill
,'135'
,
50%
J-J
.1952
gold 5s
—1989
1949
Chicago Burlington & Quincy RR—
Illinois division 3y2s
1949
3'/2s registered
1949
Illinois Division 4s
;
1949
4s registered
1949
7 General 4s
1958
V 1st & ref 4%s series B
:—1977
1st ft ref 5s series A
1971
Chicago & Eastern 111 RR—
7"
AGen mtge inc
(conv)—
,—1997
Chicago & Erie 1st gold 5s_—.—._1982
Chicago Gt West 1st 4s series A_—1983
74 AGen inc mtge 4'/as
——2038
'M m%*:
103%;;;
50%
V
37%
.1956
debentures
footnotes
57% ../;;;
F-A
1951
Extension 1st 3%s_.
Bell Telephone of Pa 5s series C.
Beneficial Indus Loan 2'/4s
For
50%
51%
3-D
1951
4s—_
Beech Creek
2%s
3-D
106
85%
11%
.
registered
N Y
64
,
49%
*7
.
■y-
stamped
4s
/
,110% 113;
**ll
8 90%
69
^
103
11%
11%
J-D
rr1946 7"; J-J *
A-O
i960
J-J
1961
J-J
1987
1987
lACl.icago & Alton RR ref 3s
,
■py-'y
90%
107%
•52
45%
•'
11%
A-O
1959
registered
R & A Div
109% 110%
;io9%iii%.
m
'r"35~"'TT:;
' .*103;; 103% / ! .
•
Toledo Cin Div ref 4s
106%. llj :
;.
i
A-O
110%
104%
85
■
>
A-O
gold 4s—1951
1st gtd 4s
gen
63.
85%
U-N
1959
Chesapeake & Ohio Ry—
General gold 4%s
Ref & impt mtge 3%s D
Ref & impt M 3%s series E
,
; 107
118% 124%
rv:,.106%; us;-:
■i'-M
35
51%
due
5s
t
88%;
A-O
109
2
%103% 104 41
4/
F-A
1945
'
88
TO
v
115%
t-".
105
"105%
105% 105*1
40 " 41%
105%
J-J*
Af-S
System—. 1
■;
gold 4s extended to_--»1951
Div 1st M (int at 3%% '
92
112%
■
102%
103%
1990
Pgh L E & W Va
;;
106% '
It
106% 106%,;
M-S
'"<P
Nov 1945
Light 3yas_
New Eng
105%
114%
105% 105%'
tl05%r
J-D
—1948
Central Pacific 1st ref gtd gold 4s„194&
Through Short L 1st gtd 4s
1954
y Guaranteed
gold 5s
1.1960*
{ACentral RR At Banking 5s stmp.1942
Certain-teed Prod 5y2s A
194«
,&ir
M-JV
; 9
T
:
i" A Mobile Div 1st gold 5s
Illinois
•
97 V
84%
'100%
66,.
65
65
111%
108%
11
24
—
••••".
J-J 4"
—-——_.1955
1st gold 4s
mtge 5s
.Central
70
105
w-.
112% 1123/4"v-.
J-D
•
~
debs.
Branch U P
A General
•?
:
debs
AChatt Div pur money
7
105%
32
V
J-D
J-J
50%
11960
7/ J-J
,i^Central of N J
31
-i'?'
•;*ni%
J-D
M-S
F (int at 1% to
1962
t A Cent
1
112% 112%
2000
due_—T_.
Sep 1 1946) due
1
A Conv due—.
,_____^_Feb
F-A
M-N
/
"2:
;I12%:112%.;'
108%.;::; 108% 108%
.
M-S
.1981
Central
76%
r9
'
C (int at l'/s %
1 1946)
Ref & gen ser
J-J
1950
•;
119:
117%
111% 114%
'
'*112% 115
Ref & gen ser
Dec
1949
; 118
tll5%
94 % 95
104%" '103% 104%
.112 v 113%
.no Ho
no:'
/w_.
*105
107%
M-S
1965
l;
■
J-D
—
•,
Corp 5s w w.
7
63 '.
13
124%' 124%' "
,
Nov
M-N
4-
T18'/4
116
ii6
116%
1-'
r : 94%- '
Carriers & Gen
§ A Consol gold 5s
5V2s series B
jy A Ref & gen 5s series C
102% ,104.
113% 114
7
6
J-D
I960
t,
107 '.,114%
.-
.
:f[: 117% 1171/8*
T. *115% 116%
f-a
4; / A Ref & gen
103% ,105
10
.
109%
108%
uev*mv*
3
;.Jv
F-A
.
1946
deb stk perpetual.
Collateral trust 4%s.
tfACarolina Central 1st gtd 4s.
A Cent.
110
115% 124
1.
-
-
105% 105 V*
114
B
Ref &
1951
gold 4y2s_.
tCertral of Georgia Ry—;.V
f 110%
108
11
Baltimore A Ohio RR—
•'
.Oct
5s
gold
Guaranteed
•
—1948
1953
"
gold
Canadian Northern Ry deb 6y2s.
,105'/a
103
.
Mi7%.ii7%
A-O
Guaranteed
104%;
95%
■
/
100%
89%
143 .;,r;
;
105% 105%
105%
93
,
107%
4
"7116% 116%
3-J
•
,167.;; 8i%
103% 106,/
86% ,95
64
!
,
68;;;
91%
91
•
85%
*
86
6
:
ii: 116%t x 116% 116%
J-D
:
Ti,.- 101 ; 102%
1
:'v:'",100% -jpr,
V 49
.;103% 106%
*104 "
Af-S
•
98%
101%
5
1104%// 104% 104%
y
1969
>•
89^100%'
!";j<;ao4%" loar-.-y;. ;,v Pl ;
Q-J
1st 4s_——1948
deb 3s
.
,109
109%..
:'l08% 109%.
;.K;112
Jan
•
Atlantic Refining
v»
U-N
4s—w—-—1995
4s
a-o
1968
3%s_
Guaranteed gold 5s_.
Celotex Corp 3%s
v.- 6 /;
'"121% 122'/^,
122%
69
7
Can Pac Ry 4%
,107'%' 109%
.
^
J-D
1995
mortgage
V"
:
'
-
29
21 77 28
89%
7.
88%
J-J
•J.;:
————a——-1995 :
gold 4s of 1909——i-i—1955
4s of 1905———
——-1955
gold 4s of 1910
——1960
Second
1104.
■T/'Z
J, 88 '/a
/
1957
103'.' 104%
f80
,
82
; 103% io3%;y ,/ f" 1
/.
92
94
' i 'l 143
10
103 y# 104
94
.
Af-N
L 1st 4s
-—1958
Atl Knox & Nor 1st gold 5s--——-1946
Atlanta & Charlotte Air Line Ry—
1st mortgage 3%8———1963
Atlantic Coast 1st cons 4s„„July 1952*
V
General unified 4y2S A
s.—1964 ,
L & N coll gold 4s
—Oct 1952
- Called
(Nov 1, 1944)
—
-
/
105% 105%'
105%
F-A
i-—1961
Atlantic & Danville Ry
•;
A-O
Trans-Con Short
,
107
'•
-7./:7'>782%- 83'%
A-O
63%
21%
.
; ' 107'/4 107%
A 1st
A-O
Stamped 4s
Conv
j-j
'
••
103% 104'%
;*102'%;
A-O
Co deb 3s_————1962
Wat Wks & Elec 6s series A—1975
Conv
7
7
^
y*
10^^100^103%
' :
,
Anglo-Chilean Nitrate deb——^±1967
Ann Arbor 1st gold 4s
.-1995
Ark & Memphis Ry Edge & Term 5s 1964
Armour & Co (Del) 4s B————1955
1st sink fund 4s series C (Del) .1957
7s income debentures
.1978
Atchison Topeka & Santa Fe— ,.
-
7"
98
A-O
Celanese Corp 3%s
•
100%. 100%
100%'
A-O
Tobacco
Conv
*106
,
A
•
26
98 :
7
107
7 44%
'
M 120
109
;x;'-'^"ioo%. 400%^;'^
A-O
debentures————i.--jl966:.
debentures——-..1956
gold
Power
* 68% .89'%.
•;-y
-105
-'4110
J-J
debentures
Adjustment
-
V'
,.29 q;
103% 103'/V
-
*104
M-N
-
-89%.
-<4103%
,;v-
F-A
109%
•
1962
>
rfhpt I
'
>-
•—
*89
A'
J-D
conv
General 4s
*119%
89
:.f..
Af-S
3Vis
■
^
J-D
3'Aa
Am
*21%
Cart & Adir 1st gtd gold 4s_.
J-D
Coll trust 4s of 1907—
Amer
7-
Carolina Clinch & Ohio 4s
Adams Express coll tr
3s
Elec
gtd 5s
Canadian National gold 4yas_
.'10^ J "30»%'
"
<s
'-P'
"
112%
109
:
.>108% 108%
•
''
110
26%
/7_-
-
a
77425%
a-o
•
j "
?r
■'
103 »/4
96
7-
__
102%
7 ".
■•/,/.,; :
A-O
W-'o
104%
412%
-
94%
:
3
v
57%.
1966
Railroad and Industrial Companies
{Abltibi Power ft Paper—
V.,;,
>
|A5s series A plain—^1953
"
■:
55% 7.!/55%
Caiifornia-Oregon Power 4s.
-75 Tiwtt60 ' ' 76'' '.
2Z~^22
*16'%-- 18V2
; i
-
\
:/•
;
•■•.
.
—;
Af-N
y|'; Guaranteed gold 4%s.
;b"* | *3
.i ;* 109%
•
..
ff 1103 % 103% ;.
>x tio% in;;.;.:,
California
.....
..
t- '.
:
7 101% 102
108':
.
■
cur;
.
;
102%
:i
y
.
•4-4%-4y2B extl
~3~
'-"4
7
-74-
60
v
„
.
.
*72
.1^
;
58%
110
-
v65%' 76V4-""
37/
■-
*72
i
20/
77110% 110%
<
-
"
J-D
'
-i'p^ "-"9i;. ,f
^
74%-^76 p
1
j'
63»/4
108 »/4
„/■/.:
Canada Southern cons
a/:;/:
'
r -^76/
7. V-
Af-N
f-a
■■P.
-
,
;
J-D
,<
94
41%
3
:
3 25'
'v,:1 s 10' ? 21%.
//;i
'
{
■ *90 J V'ii. ,*"$'■
Af-N
■:__
99%
52%
tS-* 11'
r
20
20
t
F-A
.
102%. '7102% 102%
Jf-R
<
15 / ;' < j 15 V%
J-D
51
,n00%
Af-N
;;
58%
:> V108 % '7108 % 109,
F-A
1981
96%
83%
66.'.,
92'/a
50%
__
Af-N
Stamped;V modified (interest rat
;;
•,;37c to May 1, 1947) due--.——1957
JBurlington Cedar Rap & Nor—
.
: 1
k§Alst & coll 5s—
—;—-a—1934 ;
A Certificates of
deposit-——— ;
Bush Terminal 1st 4s
1952
Consolidated 5s_
;,———-1955
Bush Term Bldgs 5s gtd
—1960
?•)(
12
15%
15 %•
».'
F-A
105
28
'
;
92'
v
58
102
101
55%'
92%*
??
/■•
M-N
High
uow
>92 %
7.105
k 105
v/
y-'; 68
i i/r/i, l:i.
.;»
__
5;7"*96-7
J-J
.
series B_—>.-1957
Buffalo Gen Elec 4'/aS B—_
,30!/^ 40%
h/
;
»■;
A-O
P.
3'/2s series C_^_1967
Buffalo Rochester & Pgh Ry—
>., ( /'•
:
50
39
•'
,•14
Af-N
vr-i
''- 30
40% ■
'^v 38% : so;'
10
'
Sold
: ao. y
••'«'»*loo** 101
U-N
v
1st lien & ref 5s
93'%
Range Since
January 1
Bonds
/
High
Low
M-S
/
L 1st 4s
1955
Bklyn Edison cons M 3'/4s——
»-1960
Bklyn Union El 1st gold 5s——1950 ;
Bklyn Union Gas 1st cops gold 5s_1945
»> 1st .lien & ref 6s series A«_1947 1:
vov Debenture
gold 5s
-„_1950
42 %
''
——1967
C
t A Boston & N Y Air
;:l-''''/{33?4»v;:43%
: >
Af-N
External conversion
u-i.
1979
3%-4%-4A e«l conv_l_j_i.___.1978
A4 %s
/3
'tufl
50
" '40y8
-
1
:
-
''43%-- 43%
'
1- "34'
;
■
Buffalo Niag Elec
*43y2» 48-v»
40i'i- 40%
Kit 49..,,,- 50 •
Af-N
,
29^";-40% "
34 '■r: f42Vi-
'•
Week's Range
;
Last j.
or Friday's
Sale Price Bid & Asked
it/t
Period
v
t
'{ 3948Vz
-7
Bell Teletype—NY 1-310
- -
Friday
Interest
^,
1st M 5s series II
—1955
List gold 4%s series JJ^_^-.-.>_1961
* 1st mtge 4s series RR_
—1960
Ainc mtge 4%s ser A
July 1970
,
''
.
v.1-
i,
.
New Yorkt 6
-
v:~.r':
bonds
New York Stock Exchange
Boston & Maine 1st 5s A
:,
7;
'
1
^5.^1 8l7/a ;
90y8' r-''9oy^- 9oys
Af-N
'
*k% ' '''it
I
1
;/.5 7) > 42
3-J
•S'i*
4
\-'''42%^'42 Vi-;'42%-
■
M-a
External sink fund 6s
External
4
20
Af-N
i.
4LV^^;^6i;^'^Q,
/"i1
;
:
.
"T
,
-J9-
;__1964
3%s-4-4%s ($ bonds of .1937)—
;
,
;
•
48%
J-D
.
'
>;'^44%v
34
40%
M-N
________1958
assented
2
■*:H
48
v.
^:
■>'.«>»:}
Vf 26%/
1^36/1 45
'vl^:.40;%t#V'39
J-D
Sydney (City) s t 5V»8
»1955
a Uruguay (Republic) extl 8s___—_1948
a External sink fund 6s_—,
-I960 :
a
r
Broadway
61
26- 'J?
102£-i^ioo.%: 103. •'■
'
35 "'' 45%
45%::rrr 4' < 35
^ 45%'
~
40
26%;
32 •• ^ ;
12
a
45
1
A-O;-
__1940 .
gold—.—1968 ;
V
A 7s external loan of 1926^__
1966
A7s municipal loan
—1967
Banta Fe external sink fund As.—1964
ASao Paulo (City of Brazil) 8s_.^_1952
A6V2S extl secured s f
1957
IA San Paulo (State) 8s
_1936
^
a 8s external
1950
a 7s extl water loan
1956
A 6s extl dollar loan
1968
{aSecured s f 7s
_____
—1940
Ber&s Croats & Slovenes (Kingdom)—A 8s secured external
.;____1962 /
A 78 series B sec extl___
_L___1962
A Silesia (Prov of)
extl 7s____
1958
•
7.
~5
/
•*'■•;,'
York Stock Exchange
Members New
v/
Telephone—DIgby 4-4933
'50 ;"v'5oy2'
-i
102
■/'
ii*/r:
/12%»'
-
(State of)—
A 6s external sink fund
A4 '/as
44%'
*55
.
extl loan of 1921
A 8s
V.
J i-r '•
f,
A-O :/- 45%
F~A
.Mi-C'trl;
,1953
6%S_.„__^
Extl sec
;
44 Vi
-
v
//V~i/.IU1431-"-^
23% rr
45 "ft"'- -1:
:
;
y,y
28 I
,;%SX'
V;
37.//%-,
•44%
Af-N
:
24y4*
x!#
43%
-*"V
■.: t;'(
PFLUGFELDER, BAMPT0N & RUST:
•
24%-.!
17,
•
'■}' 23 y2
'
16'/4
ft'.""
-•
24 V2-«-
*3oye
3-J
.1966
(City of) 8s_
AExternal loan 7%s-t_
APrague (City of Greater) 7%s
A
J-J,
1950
1963
A4%s assented
25
A-/.
6o
*12%
'
A
16%
22
/
'.1:
42%,
50
-
-
*31 y8
■Si/v* "i
A-O
*•
../i,/
f
31%
13
20 y4
20
-
*27 y8
A-O
'
1968
A4%s assented
.'
;i.
105%
104 y4
•tl ' 5
S h:V 24
197/B
A-O
IA Poland
'•88%. 97
42%
20
A-O
ANat Loan extl s f 6s 2d ser
,1961 r
(Rep of) gold 6s
—JL940 f
,
:
...
1
21
21%
>i
94%
87
41%
u-s
i
Securities
90
'f
—
'*92%
——
95- d 95?:Vii
M-a
Railroad Reorganization
88
83
M-a
- >
-
98
96 %J
88
90
*92%-
Af-N
.
1947 ;Jr
(Rep of)
APeru
V
100
1
96
"*'■
_i
i-D
;
___1967
7s
(State of)
Apernambuco
Af-N
98
3 \
96%
:-
90
A-O
j
A Stamped assented 5s
Stamp mod 3y4s ext to_
Ext sec ref 3%s series B
y
-*87
,
High
Low
94
-
97%
.96%
V-D
.
'
January 1
-
io ■
100
97 Vi
Range Since
■-
Vo.
High
100
••
F-A
V;
1970
sink fund 4%s
tCltyi
Low
.
A'O
Municipal Bank extl s f ,5s
.
/
m-s
1965
4%s
4%&—.
sink fund exU loan
4s
■
-j
■
,
Period
*
•Friday
/
Interest >4
"*.
SEPTlEMBER V
ENDING
WEEK
FOR
1001
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4313
Volume 160
104
',
64 '
i
81
61%; 75%
70%
67%
71
70
70
70
a"-o
42
40%
42%
351
36%/ 46%
M-S
47%
45%
48%
133
39%'
M-N
8V4
107
J-J
8%
8%
J-D
*95%
*83
J-D
*83
10
96%
J-D
:
'
J-D
91%
M-S
74%
:
8%
90%
84
75
51 y4
11%
100
85
64%
84%
91%
91%
20
74%
7571%
40
*„
68 /
85
72%
92%
59%
78%
59
77
1004..
-■■.--/j
THE COMMERCIAL &
1002
Monday, September 4, 1944
FINANCIAL CHRONICLE
NEW YORK BOND RECORD
RANGE
Interest
Stock Exchange
Period
Sold
'
•
Chicago
*§AChilds Co deb 5s
SADebenture 5s
108 Vi 108%
27
105 3/a
105% 105%
7
A-O
1957
78
A-O
1952
Gull cons 5s
JAChoctaw Ok St
108 Vi
M-S
M-N
Elec 3 Vis—:——1966
J-D
General 5s series B
J-D
Colo
Ry.—
(stamped modified)
Columbia G & E deb 5s
66Vi
68
95
95
95j/2
88%
J-J
108 y8108 y2
g 15
108 Vi
.
F-A
*107%
J-J
1st
106%
3 Vis
3Vis
3Vis
Consolidated Oil conv deb
4s
75%
170
95%
96
52
104%
104% 104%
105 Vi
104% 105 Vi
44
mtge 3Vis—
1st
mtge 3Vis
J967
1st
mtge 3Vis
1st
mtge 3Vis
1st
mtge 3 Vis
1^®
1969
1950
1955
1942
debs
Crucible Steel 3Vis s f debs
JACuba Northern Ry 1st 5Vis
A Deposit
receipts
ACuba RR-lst 5s gold
A Deposit
receipts
A7Vis series A extended to
A Deposit
receipts
A 6s series B extended to
A Deposit
receipts
Curtis Publishing Co 3s deb
Co 2Vis s I
110
113%
----
1952
1946
•
1948
-----
1953
1970
Ry 3Vis series B—1965
mtge 3s
Dayton Union
Delaware & Hudson 4s
&
Power
Delaware
& Rio
JDenver
extended—1963
Light 3s
1973
Grande RR—
1936
§ A 1st consol 4s
SAConsol gold 4Vis
1936
Western RR—
_1955
?Denver & Rio Grande
AGeneral s f 5s
A
Assented
J-J
109%
114%
115%
113%
114%
Ind 111
107
111
tAInd & LoUisvllle 1st gtd 4s
Indianapolis Union Ry 3%s
40
Joint
1st
ref
5s
&
Iowa
1st
1956
J-J
*64
4
105%
109%
A 1st
5s
43
103%
105%
A 1st
gold 5s series C
45%
;;
.11
49
49
107
109 % 109 %
111
.
53
1995
A Second gold 4s
1995
Detroit Term & Tunnel 4Vis
1961
Dow Chemical deb 2 Vis—
1950
Dul Miss & Iron Range Ry 3%s—1962
tJADul Sou Shore & Atl gold 5s—1937
Duquesne Light 1st M 3 Vis
1965
__1972
41
39
James Frankl & Clear
J-D
3%
Jones
79%
105'/4
45
5
46
(
52
Ref
&
"97%
102
100%
103
*102%
91%
92
92%
94
74%
158
95%
77%
22
96%
3
5%
4%
4%
4
76%
.-
1961
77%
J-D
77%
13
58%
83%
14
95%
103%
98%
100%
102% 103
J-J
.V
.
J-J
83%
*
_i-—
'■
132
69%
86 Vi
34
72%
89%
4
105%
109%
5
114%
119
84
105% 105%
J-J
118% 118%
1961
J-J
1961
J-J
1st 4s_
iJL
1961
5
unguaranteed
102
1997
102
r
51%
102
98
98
90%
94%
172%
175%
107 %
*94%
*174
a-0
-•
69
91%
l
*100
J-J
<
S/lf
70
J-J
1961
Kings County El L & P 6s__^
Kings Co Lighting-1st 5s
>•*60
86
71%
84 %
82 Vi
v!
88
72%
83
82
J-J
Term
Plain
108%
J-J
*108%
6%s_
1954
J-J
*109 Va
Koppers Co 1st mtge 3%s-^.
Kresge Foundation 3% notes__
1961
M-S
107% 107%
7
106%
108
1950
M-S
104% 104%
2
102%
105%
lAKreuger St Toll 5s ctfs
1959
M-S
5%
15
3%
,5%
Laclede Gas Light extd 5s
'Coil & ref 5%s series C
,6%
50
84%
1960
4 %s
56%
3%
A-O
Stamped
55%
40%
1950
62
83%
82
83
1987
106 Vi
22
A-0
Kentucky & Ind Term 4%s
99 Vi-
70
1936
Apr 1950
5s
100% 100%
100%
A-O
*-
Kentucky Central gold 4s
1943
A-O
&
8
,
impt
Kansas City
4%
7
—1959
ejARefunding gtd 4s
A Certificates of
deposit
Kansas City Southern Ry 1st 3s
102%
«1st
?
49
47%
108 %
K
108
70
1st 4s
Steel 3%s
& Laughlin
Kanawha & Mich. 1st gtd gold 4s„1990
JKansas City Fort Scott & Mem Ry—
I-
103%
65
4
105%
105
53
105%
37
54%
69%
103
10
108%
*101%
M-N
68%
Z
40
:
-
58 %
61
/
100
>■>
108
56
10
65
69%
103% 104
!.*>
92%
73%
/.
53%
68%
69
108%
F-A
103%
5
49
61%
103 Vi
2
93%
A-0
M-S
M-S
54%
„
3%
F-A
57%
1955
1
45 Vi
4%
43%
1951
62
72%
5
51
4
J-J
1955
•
A
54%
—
F-A
*48%
•Vv-'
tAlowa Cent Ry 1st & ref 4s
'
J-J
57%
109%
53%
65
52%
43%
112
38%
*105% 106 y2
J-J
7
91%
46
60
92%
50
F-A
95%
>
v
107% 107%
A-0
series B
1978
Des Plaines Valley Ry—
See Chic & N'western Ry.
Detroit Edison 4s series F
1965
Gen & ret mtge 3Vis series G—1966
Gen Si ref 3s series H
1970
Ref sink fund 6s series A
■i
93
49%
J-J
19
46
45%
*102% 103 Vi
M-N
24%
50
103 %
10
102 Vi
*103%
16%
111%
'-•*45
107 Vi
86
1952
*60
J-D
21%
1947
108%
;
•
J-J
20%
1st lien & ref 6 Vis J
!
Int Telep & Teleg deb gold 4y2s
Debentures 5s
101 %
13
111%
109%
'
A-0
20%
J-J
,
107%
"3
*101% 102%
J-D
106%
47%
1956
Internat
59
109%
*109% 110%
M -N
*60
111
104%
J-J
58
106
2
M-N
*57
110%
1956
§ A Internal Hydrp *E1 deb 6S—__—1944
Paper 5s series A & B
1947
59%
45%
46%
—
M-N
52
72%
3
A-O
Int Rys Cent Amer 1st 5s B
44
44
68
25
55 Vi
-^Adjustment 6s series A—.July 1952
109%
*51
74
104%
"
48%
107
78%
52%
98 Vi
157
66%
105 Vi
55%
J-J
B
98
57%
54%
A-0
series
99
106% 106 %
M-S
ser
113
■
*111
B_1986
1st mtge 3s series F__1961
>Alnter-Great Nor 1st 6s series A_1952
Inland Steel
71
"I
98
70 Vi
82%
78%
22
78%
67%"
99
98
64%
76%
65
80%
79%
91
59%
*95%
*104
106%
M-N
75
65%
106
49
*74
J-D
108
*—
2
92%*
72
17
73
J-J
102%
104% 105
90
73
1963
71%
101
79%
89%
80%
90
48%
97
*92 Vi
89 Vi
F-A
1950
5
45%
199
gold 4s
1st & ref 4%s series C
103% 103%
J-D
63%
70%
105%
72%
67%
J-D
104
J-J
23
F-A
1C1%
102 Vi
79
83
82%
1951
102%
46
58
60%
1963
x'f. 3
J-D
84%
3
29
A
series
Mf 5
A-O
ARef & impt 5s
j.j
1951
103%
J-D
,60%
72
78
*100
J-J
1951
Western Lines 1st gold 4s
111 Cent and Chic St L & N O—
D
Dayton P St L 1st
1951
111
113%
111
78
/ 52
62%
63%
J-J
104
U-N
84%
81%
M-N
,
J-J
103
A-0
70
62%
75%
76
J-D
105%
J-J
.
97
26
72
J-J
m-N
F-A
162
J-J
1965
97%
78
77%
77%
m-W
»
64
75
76%
77%
A-O
1950
J-J
Power Co—
1st
„
1966
105
58
106%
'47
*70
1952
4%s
104
J-J
102
jf_g
1953
Bridge gold 4s
A-0
1956
4s
A Debenture
3y2s
A-0
105
103%
97%
_3952
gold 4s
J-J
J-D
101%
100
96%
1951
108
103%
102% 102%
*100
Springfield Div 1st gold 3%s
108'/4
'
—
113
*113
28%
*100
Litchfield Div 1st gold 3s
1951
Louisville Div & Term gold 3%s_1953
Omaha Div 1st gold 3s
—1951
106 >/4
109
113%
106
F-A
34%
27%
27%
A-0
St. Louis Div St Term gold 3s
Gold 3%s
103%
110%
142% 147%
J-J
72%
334
27
J-J
"
1953
Cairo
108%
113%
117%
55%
*102%
40-year
64%
1061/4
*113%
116
108
60%
j.j
Refunding 5s___
103
*108
1
61%
72Yt
J-J
1955
lines
Collateral trust
33
II
72%
II6V2 116 %
A-O
1951
gold 3s sterling
Purchased
102
83
20
J-D
1955
4s
Debenture
gold 3y2s
; Refunding 4s—
98%
102
16
56 '/a
56
56
105%
'
—
95
95
103
'
56
61%
F-A
1951
—;
1st
81
J-J
1954
jAConsol Ry non-conv deb
Crane
Extended
100% 101%
May
1948
1956
1958
1951
debentures
gold 3%s
107%
101
94
94
85%
L.L ■
1981
Collateral trust gold 4s
F-A
1968
debentures
debentures
Consumers
1st
107
95
101%
*101%
■*
138
130%
• '•
6
:
1951
:
84
M-S
1958
Conn Ry & L 1st & ref 4 Vis
1951
Conn River Power s I 3%s A
1961
Consolidated Cigar 3 Vis s. f. debs_1953
Consolidated Edison ol New York—
A
'1st gold 4s
106
1st
95
...
288
71%
71%
U-N
Feb 1957
105
95 Vi
"■ 93
1
Illinois Bell Telep 2%s series A
Illinois Central RR—. -■:/:
;
107
—
A-0
Apr 11969
..1949
3
«138
92
*104% 105%
J-D
5s A____1957
income 5s.
92%
J-J
debs
3Vis
77
warrants
3Vis series I
3Vis
mtge
1st gold 5s_
45
M-N
Commonwealth Edison Co—
Conv
A Ad J
I:'-"4
M-N
May 1952
w_
Co Gas
Hudson & Manhattan* 1st
106% 107%
J-D
98
111%
110
■
138
93
M-N
1962
A
series
;
133
1954
f 5s
s
102 Vi 103 y2
A-0
1961
w
Hudson
1st
102 Vi
A-0
.
98
*110%
_
88%
66
33
■■■..(,
—
95%
106
ACommercial Mackay Corp—
Without
Coal
A-O
extl gold 43—1948
Columbus & Sou Ohio El 3Vis
1970
Columbus & Tol 1st extl 4s
1955
deb
Hudson
107% 107%
—
.
83%
106% 108%
*108
A-O
Columbus & H V 1st
Income
U-N
Oil 4 Vis debs
A-0
1980
Debenture 5s
1937
81%
53%
*
Colorado & Southern
4Vis
tSAMousatonic Ry cons gold 5s
110 %
107
•108%
J-J
;
82
V-V 8
M-N
F-A
1995
82V
•
68%
100%
89 Vi
16
-
,
*97%
M-N
-
High
65
12% : 17
H
101
57%
14
J-J
U-N
1977
1945
1970
C
gtd 4s
Fuel & Iron 5s inc mtge
Coal River Ry 1st
1
153
69
•
1969
112%
89%
70%
70%
82%
'
.
J-J
111%
"110
;
J-J
J-J
/■
Low
14
99 y2 100
Gull States Util 3%» series D_
111
Ill
39
2Q15
January 1
No.
-■■■/" *69
J-J
1952
Houston
100Vi 101
ICOVi
J-D
series E
1977
Cin Wab & M Div 1st 4s
1991
St L Div 1st coll tr gold 4s
1990
Cleveland Elec Ilium 3s
——1970
Cleveland & Pittsburgh RR—
Series C 3Vis gtd
1948
Series D 3Vis gtd
1950
General 4'/2s series A
1977
Gen St ret 4%s series B
1981
Cleve Short Line 1st gtd 4Vis
1961
Cleve Union Term gtd 5 Vis
1972
1st 8 I 5s series B gtd
1973
Ret & impt 4 Vis
mtge inc,5s series A—_
Range Since
Sold
High
*12Vi
109%
110
5
—
Feb
1975
""
Bonds
.
<
106%
~6
Feb
+.
Gulf St 8hip Islafcd RR—
•1st St ret Term M 5s stpd
82%
72
108%
110%
_
112 y2 112%
F-A
1993
1993
General gold 4s
1st s f 4Vis series
_
106 % 106 %
106 Va
Louis Ry—•
Cleve Cin Chic St 8t
'
♦
j:-n
B_
Hocking Valley Ry 1st 4Vis
53
27
ctfs
Gulf Mobile St Ohio 4s series B
Gen
59 Vi
:t
72 Vi
*68%
*108% 109 %
V-A
1967
Cin Union Term 1st gtd 3%s D—1971
1st mtge gtd 3%s series E
1969
mtge 3%s
1st
78 %
110%
104% 108 *
55
82 1"
7.
78%
76
78 Vi
Bay & West deb ctfs A
A Debentures
109
104
J -J
Friday's
Low
102% 108
1943
series D—
Cincinnati Gas &
108%
23
105%
•104
or
Sale Price Bid & Asked
High
A Green
1952
1962
4s
Chic & West Indiana com
1st & ret 4 Vis
Low
Week's Range
Last
Period
V
I
108% 108%
J -J
Friday
Interest
Exchange
January 1
1,
No.
Hlah
New York Stock
Range Since
Bonds
or
■
-1963
1963
I
SEPTEMBER
ENDING
BONDS
Friday's
Sale Price Bid &, Asked
Last
Low
Union Station—
1st mtge 3%s series E
1st mtge 3Vis series F
WEEK
Week's Range
Friday
BONDS
New York
FOR
,
ref
1954
-
5
109
110%
.
Detroit & Mackinac
1st lien gold 4s
A-0
109
J-D
109
7
109%
*__■
M-S
109%
'
L'^.;
J-D
-
I—'.
50
■
I
29
■
M-N
-
*107%
M-S
■L im'\
107
J-J
*43%
107%
28
1
j
98%
.'
__
54
47 Vi
107% 108
5%s series
;
1953
D_
46%
A 1st
*
-mtge income reg
Lehigh Coal &
1997
:
Lautaro Nitrate Co Ltd—
;>•;v
,
"
f 4%s A
1954
* J-J
4%s series C
1954
J-J
s
"104%
Minn Nor Div 1st 4s
& Ga Div 1st 5s
1948
East Tenn Va
1950
M-N
1st cons gold 5S
Elec Auto-Lite 2 Vis debs
1995
1950
J-J
East Ry
Ed El 111
(NY)
A-O
1962
Empire Gas & Fuel 3Vis
105%
33
18
*106%
95
93%
'
V-
114
1481/4
__
106
__
95%
82%
20
80
*90
1995
1st cons M 4s series B
J-J
100%
5s
97%
102% 102%
~5
99%
48
101%
Gen
A—2015
1971
mtge inc 4Vis series
Div
Ohio
3 Vis—:
1st mtge
J-J
78
106%
78
M-S
79Vi
64%
181
*106
•
102
—
stamped___'
'4s
84%
/
i053/a
4s
stamped
Rub 3s
deb
1961
Flintkote Co 3s debs
1958
M-N
103%
103% 103%
M-N
{AFlorida Cent & Peninsular 5s
1943
J-J
IFionaa East Coast 1st 4 Vis
1959
J-D
1974
M-S
1956
J-D
1956
*103%
U-N
St ref
A 1st
5s series A
of deposit
Machinery Corp 3s debs
Francisco Sugar coll trust 6s
131%
ACertiticates
48
50 Vi
Food
;
101%
102
51
103%
117
..Ju
133
98%
100 Vi'
421/4
59%
8
42
103
4
97%
.
_2003
modified
Little
Miami
2003
2003
:
1st 50-yr 5s
gtd—;__1965
;
1951
"Guaranteed ref gold 4s__
102%
4s
stamped.
1949
Gen
Steel
Castings 5Vis
J A Georgia &
Ala Ry
5s
..1949
"6ct
1 1945
J-D
i
83
69
J-J
rH 0
J-J
tSAGa Caro & Nor 1st ext 6s
-1934
—1956
J-D
(B
F)
1st
4%s__
Grays Point Term 1st gtd 5s__
Northern 4 Vis series A-
—1947
Great
.
5
22%
48
mtge 4s
Gen
71 *
Louisville
1st
35%
.
34
M-N
39%'-
M-N
/
44%
,
64%
80%
165
16
;
,
5
35
49
42%
69
10
64%
A-O
100
1
F-A
/
M-N
A-O
M-S
M-S
M-S
;
-j
10412
120% 120%
120%
10051
5
120
122 V4
"108
104
*__
103%
105%
106 Vi
6
104
106%
106% 106 Vi
119%
106%
106
106
103%
4
104
106%
118%
120%
102
104%
119
6
119%
103%
103% 104
27
J-J
100%
100% 102 Vi
63
M-S
*105% 107
M-S
*101
A-O
.
ref 4Vis series
2003
A-O
2003
A-0
119
23
111%
119%
Unif mtge.3%s series A ext
1950
J-J
124%
100
118
1977
J-j
109 y2
109% HOi/a
35
98%
110%
—1940
J-J
103 y2
1031/4 104%
59
102%
106 Vi
—1946
J-J
101%
101% 101%
11
101%
103 Vi
—1967
J-J
103
105
110
101
102%
106%
108-'
104
-
107%
I
106 Vi 106%
105%
2
105% 105%
106%
A-0
2003
105%
93%
>.
,
ref 4s series D
15
106
*__
F-A
&
28
78
2
A-O
&
116
57
127%
10051
1969
1st
123% 123%
46%
123'/a
1951
1st & ref 3%s series E
119Vi
r
36%
44%
A-O
\
1st
116 Vi
119
48%
42%
*126
101%
C
43%
37
2003
Nashville RR—
ref 5s series B
v
44%
33
•
56
;..
1945
Elec 3y2s
33
68 %
A-O
111%
107%
69%
35
- •
101%
104%
83
56
1966
series A.
Bridge Co gtd 4s
&
65
22
36%
38
105%
11
*102'/a
123%
&
70Vi.'
-
'
:
33
15
106 % 106Vi
'
—A
J-J
1004.
Gas &
Jeff
9
32
/
39
105% 105 34
106
1976
H
&
80
13
104% 105
5
99%
106%
105% 106
28
94%
106'A
11
102 Vi
'
J-J
mtge 3%s series 1
page
Lou
.
32
6
J-J
series G
Gen
see
28%
67
—1952
General 4Vis series E
footnotes
28%
J-J
_
General 4%s series D
For
105
_IIII—1973
General 5s series C
series
10iy4
_1961
General 5Vis series B
General mtge 4s
J-D
4
67
■
J-J
Goodrich
104'A 104%
70
'... '
62 Vi
35
80%
84%
1
85
61%
69
95 *
65%
v;
84
1963
L___
debentures
Louisville
I
/
82%
"
Gas & Elec of Berg Co cons 5s__ —1949
84
71
«
"
1949
Lorillard (P) Co deb 5s
3s
>
86'
84%
«
33
^-1950
1949
:
Louisiana & Ark 1st 5s
99%
'
-
*
1962
Long Dock Co 3%s ext to__—Long Island unified 4s
56 Vi
IO31/2.
,
M-N
:
1944
4s series A
gen
"
104
-
86
__
62
J-J
•
2003
registered
debenture
•5s
2
17
/
Liggett & Myers Tobacco 7s
95
50%
1950
>
'
stamped modified
Lex & Eastern
•
*77
F-A
Lehigh Valley Terminal Ry ext 5s_1951
104%
103% 103 Vi
101% 101 Vi
>47%
•'
102
14
__
100% 100 V'4
51
-
95
__
83
1954
2003
registered
4Vis
:'h
F-A
1974
modified
stamped
/ 4%s
&
1974
Lehigh Valley N Y 4y»s ext
Lehigh Valley RR—
5s
Firestone Tire
*84 %
1964
Leh. Val Harbor Term gtd 5s
1031/4
105% 106%
105%
stamped
1st & ref sink fund 5s_
'
J-J
".*95%
F-A
^^„1964
i...
.
106%
104%
100Vi
—~
*95
F-A
1954
__1954
stamped-
5s
;
104%
—
1st & ref sink fund 5s
1031/4
67
97%
97
4
103% 103%
5s
100%
49
:
10
*99% 100
?Tst & ref. sink fund 5s___
Railroad Co—
Erie
A-0
M-S
150 '/a
101 y4
5
1965
1945
Lehigh Valley Coal Co—
107 J/2
110
„
102% 102%
A-O
1963
:
*148
t-r*'
M-8
1965
stamped
5s
106 Vi
*114:/
"
J-D
1970
Elgin Joliet St East Ry 3 Vis—
El Paso & S W 1st 5s
*
100
54%
Lehigh & N Y 1st gtd gold 4s
A-O
105%
89%
103
-103
Lehigh & New Eng RR 4s A^_.
'
100%
93%
103% 104%
/ 54
" Dec
Naf
-Cons sink fund
98%
101%
*100
J-D
98%
37
100
.
1975
;
9
19
100%
104% 105%
105
100%
99
—
100
100
J-D
3Vis registered_______
111
*99%
100
F-A
Lake Sh & Mich Sou gold 3%s_.__1997
108%
107
39
ref
F-A
103
106%
.
l
107
&
1960
34
102
•
Coll
1071/4
24%
*102% 103
A-0
J-J
29
107
41
2
50
lll'/4
104%
42
L
111%
108%
106% 107
106%
106
103
•
103%
104'A
'
105
1161/4
IO41/2 105
78
91
1051%
'
Unif mtge
•
Paducah & Mem Div 4s
'•
St Louis Div 2d gold 3s_'__
Mob & Montg
1st gold 4y2s
South Ry joint
•
'
Atl
Knox
&
monon
Cine
Div
4s
4s
1960
J-J
1946
4s series B ext
F-A
1980
_1945
M-S
•
•
M-S
1952
J-J
1955
M-N
106'/a
*
'
103 Va
—
*98Vi 100
*103
106% 106'A
*113
-*
—
—
—
9
104%
94%
—
—
107%
103
*106% 106 Vi
'
100
103
104
101%
106%
112
113
Volume 160
YORK BOND RECORD
NEW
RANGE
Last
Interest
Exchange
Stock
or
BONDS
.
Bonds
Friday's
)
Sale Price Bid & Asked
Period
'
.
;
r
•
Week's Range
Friday
1
Last
Interest
Period
Stock Exchanca
New York
.Range Since
January 1
Sold
1
SEPTEMBER
ENDING
WEEK
FOR
Week's Range
Friday
BONDS
New York
1003
CHRONICLE
& FINANCIAL
THE COMMERCIAL
Number 4313
or
Biah
Low
Low
NO.
High
1937
5 A 2d gold 4 Vis
1937
§ A General gold 5s
1940
ATermlnal 1st gold 5s_^
1943
NY Telephone 3 Vis series B
1967
{§AN Y West & Bost 1st 4%S——1946
Niagara Falls Power 3Vis
1966
Nlag Lock & Ont Pow 1st 5s A—1955
M
1945
J-D
.97%
97%
J-D
59 %
58,74
60 Vi
AManila Elec RR & Lt s f 5S_—
M-S
>>:
987/a
series A
I960
Manati Sugar 4s sink fund__Feb 11957
Maine Central RR 4s series A
Gen
mtge 4V2S
Shovel
Steam
f
s
M-N
1947
'713/4
,
»
—
83
687a
r
''
*42%
A-O
1959
4s
6s
Stamped
99
52
.
46
*60%
*101%
A-O
AManila RR (Southern Lines)
Marion
9074
895
78 Vi
76
77%
M-N
1953
>
'
*102
>
■
'
-r
101
1023/4
101%
102 V*
(Stamped mod)
1945
1955
I960
ext 5s
Metrop Ed 1st 4Vis series D
Metrop Wat Sew & Drain 5%s
1950
t§AMet West Side El (Chic) 4s__1938
Jack Lans &
A-O
.
>>>>:
F-A
>
109 Vi 110 Vi
*100%
109 Vi
M-9
5
104 Vi 104 Vi
:;v
A-O
*15%
20
.„>
M-N
n04
&
> 4
14
89V4
?
—
MS
A-O
i
82 Vi
84
„
consol 5s
r
8 A 1st stamped 5s gtd as to int
ref 6s series A
45
3-J
{AMlssouri-Illinois RR 1st 5s
Mo Kansas & Texas 1st 4s
__
—
J-3
47
82%
..i>5
6%
-
82%
> ;:'v
66%
67 Vi
1
>
3-J
72
70 ,7
72 Vi
:.r
40-year 4s series B__
;
1962
Prior lien 4 Vis series D—;„___1978
3
J-3
58% V>
58%.
59 Vi
{Missouri Pacific RR Co—
A
Alst
•1
A 1st
&
26
65 Vi
63
65V4
M-N
64%
62%
65
I960
*10674
F-A
A-O
6s
1965;
1966
1st & ref 3%s
Power
Montana
3-J
ext
Morrell (John) & Co 3s debs
Morris & Essex 1st gtd 3Vis
Montreal
5s
Tramways
Constr M 5s series A
M 4 Vis series B
Constr
States T & T 3%s
Mountain
gtd 5s
Mutual Fuel Gas 1st
1978
1960
1949
A
Prod 3%s debs
Prod 3 Vis
Nat
Dairy
Nat
Distillers
.110
M-N
♦110%
F-A
!>
30
; 107%
104
1965
A-O
1954
M-N
"'a-.—'
104% 104%
•
Pacific
733/4
Ps—>—1948
1945
1945
New England Tel & Tel 5s A
1952
1st gtd 4!is series B__.
1961
N J Junction RR gtd 1st 4s
:—1986
New Orleans Great Nor 5s A
1983
N O & N E 1st ref & imp 4%s
1952
gtd 5s
{ANew England RR
A Consol gtd 4s
v
1953
Mexico Ry— *
1935
1st gtd 4s
New Orleans Term
{New Orleans Texas &
JANon-cum inc 5s series A
ACertiiicates of deposit
5s
Alst
ACertificates
1st
65 <*•
F-A
93
•
10774
102%
103%
103 V2
105'/4
99%
/
104 Vi
J-J
F-A
of
1954
deposit
102%
F-A
*..
'
A-O
82%
82%
Gen
80
68%
78
87
"
.
3-J
1998
2013
F-A
71
70
71%
129
59
787/a
A-O
66%
65%
67
286
56%
74%
8174
secured 3Vis
Y Cent & Hud River
3Vis
registered
Lake Shore coll gold 3 Vis
3Vis registered
Mich Cent coll gold 3 Vis
3Vis registered
New York Chicago & St Louis—
3Vis
1997
1997
N
N
Purchase
N
/
Y &
Lt H & Pow gold
money gold 4s
144
87
3-J
94%
94%
957a
4 35
1974
1978
1947
1063/s
M-S
973/4
1965
1951
1965
1966
71
105%
2000
2043
2043
M-N
114
__
-
.
>■
v
'
98
114
M-N
76
N Y
N Y
.
473/4
3-J
gold
3
V
'
4«r >60%
>' 45 3/4 >60
45%
59%
61
34
46%
>.-49 %
49 %
•■."•'fc, 3
46 3/a
47%
47%
53%
54
3
-
61
,
45%
593/4
50%
;
143
64
873/,
87%
87% '
22
82
22%
22%
33
16 3/a
148
63%
53%
J-D
53%
52%
533/s
107%
M-N
M-S
M-N
J-J
3-J
102 Va
__
*
"a'
«-«r
38
43/4
8
4
64 V2
2
52
108'/a
108
111%
105 Vi
108
106
109
108
*10574 106%
1053/4
1107s
-•
1
100
1097s
111%
3
110
111%
3
1047s
106 %
13
1043/8
106 Vi
108 3A
11
108
110
13
108 3A
110 3/4
106
106
103
105'A
110
104
1
1st 5s
El Pwr
1st
&
ref mtge 3s
1st
'
&
ref mtge
1st
&
5s—1
ref mtge 8s
of Nor 111 3Vis
> -I
101 %
108
1107s
105
106
109 3/8
109%
*109%
—
105 Va
108 3A
109%. 109 74
•
12
108 %
110'A
109%. 1097s
—
11
106 3A ..1097s
108% 1087s
108
105% 106%
105%
109%
10974
108
*108 7a
M-N
128
98%
107%
124% 125
6
J-D
116%
116% 117
44
J-D
1237s
1237s 124%
A-O
103%
103
A-O
115
11474 116
34
106
116%
115% 115%
27
105%
116 Vi
103 % 103 Vi
66
997s
104%
125
F-A
J-J
t
103%
A-O
13
43%
,15
J-J
.
96%
15
9574 102%
96
87%
82
97
103%
107
:
131
132
1
121
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108
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7
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14
107
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:. >
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.
2874
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128
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20
104%
10574
23
104%
106 V2
104% 104%.
1057/s 1057/s
M-N
105%
M-S
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J-J
*13%
£
7
102% 103
J-D
M-S
1972
2037
-2037
1968
53
107
108
F-A
1974 :
1977
1961
1967
1971
..1964
1960
1950
1960
1977
1951
1957
1956
-.1968
'
205
103% 10474
10474
23%
9
96
95
967a
J-D
53
96
/
M-3
81
55%
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1017s 102%
102%
104 %
110%' 1127s
73%
*106
125
1177s
124%
97
..
72%
43
>
J-J
1980
1952
51
>43
Apr
121
109
115%
9
>72%
A-O
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10374
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,
16
22
38%
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31
73/a
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6%
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33
14
*103%
100%
101%.
103%
101% 101%
F-A
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104
104
F-A
104%
J-D
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112%
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112
113%
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1133/4 1133/4
F-A
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124% 124%
5
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1
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-
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.
75
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116
126 Vi
106%
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,
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105
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4
58%
12
107%
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83
58
>
83
107
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121%
*122
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124
7
75%
'
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5
104
75
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102
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3-D
123%
123
3
106% 1063/4
M-9
115
122%
124
*122
F-A
121%
J-D
J-D
1977
1st M 3%s
1st mortgage 3%s
Pressed Steel Car-deb 5s
{AProvidence Securities 4s__'_.
{AProvldence Terminal 4s
Public Service El & Gas 3%s
Potomac
1003A
M-N
'A-O
1945
1949
SerDs
1953
Series
1957
Series
1960
Series I cons 4 Vis
1963
Series J cons guaranteed 4%s__1964
Gen mtge 5s series A
1970
Gen mtge 5s series B
1975
Gen 4Vis series C
1977
Pitts Coke & Iron conv 4%s A
1952
Pitts Steel 1st mtge 4%s
1950
1st mtge 4%s series B
1950
Pitts & W Va 1st 4%s series A
1958
1st mtge 4Vis series B
...1959
1st mtge 4%s series C—;
1960
Pitts Young & Ash 1st 48 ser A—19481
lit gen 58 series B
1962
1st gen 5s series C
1974
5% inc deb
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extended to
1
__
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■'»
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guaranteed
gold
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1962
1963
1937
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> >>__ '
1
99%
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—
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1st
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1973
1949
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104
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Pittston
100
98
23
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■
94%
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,
94%
3
105 %
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35
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;
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100%
.
.1107s
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1077a
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224
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13
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97
105
106
1057s
..
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113%
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HO
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100
17
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15
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5
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.
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•
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3s debentures
{§APhilippine Ry lst s f 4s
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313/4
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page
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94
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•
1057s
7
106 Vi 106 %
106'A
;
.
M-S
1974
1956
1956
83%
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9
3
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104
104
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1990
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1955
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105%
1948
4s
footnotes
47 >
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1993
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1965
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1958
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—1963
For
>114
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76
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110%
3-J
1957
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1967
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1st 4s
1954
N Y
>
2
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.
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109
1940
6s
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-
/
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102
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7374
v
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deb
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63
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.
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627a
68
97%
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78%
108%
F-A
-1947
1947
deb 3Vis
1954<
deb 4s
—1955
deb 4s
.1956
certificates 3 Vis
1956
65
v
108 %
1949
A——1973
-1973
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84
A-G
5s—1948
B
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•
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fj
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100
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92
'
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.
>
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1984
1952
1947
1960
,
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75
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9974
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N
74%
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series C
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Y Dock 1st gold 4s
Y Edison 3 Vis series D
;
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Ref
A-O
63
1998
1998
1998
1998
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•
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3-J
110%
1
110 Va 110%
110%
'
J-J
1970
{Philadelphia & Reading
A ref 5s stamped
857/a
74
81 %
1945
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N
111%
1047a
1037s
;
107% 1077s
1077s
J-D
1960
1965
1968
1970
3981
AConv deb
-2013
1952
108%
10
106'A 106'A
>
A-O
1948
May 11948
gold 4%s series C
Philadelphia Co coll tr .4 Vis
Phila Electric 1st & ref 3%s
1st & ref mtge 274s
RR 4s series A
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Ref & imot 5s series C
Y Central
4
10
1093A 110'A
J-D
ctfs
1955
E cons 5s_1949
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N
111%
100
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f gold 3s loan
s
"
81
69
> 73%
32
.r_.
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82
82
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» /■
108
1053A 107j/2
105%
■>
J-D
1955
gold 4 Vis series C
Phelps Dodge conv 3Vis deb
Phila Bait & Wash 1st gold 4s—
General 5s series B
84%
71%
:>
■,•>.:
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106'A
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10674 10634
__
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■
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72
.
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9
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;
72
5
v
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.
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16
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'
37
15
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104
104% 104%
'
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...
!
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104%
61
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■
—
62
77%
77
'
M
8
> 96
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.
112%
111
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V
75
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—.
Cincinnati Bridge Co—
Newport &
88
,
103
...
series A
5Vis
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126
93%
77%
-
0—>
deposit
ACertificates of
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937a
117%
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,
V
84%
11474
94%
*__
1956
95%
'
84
>1
68%
101%
1107a
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mtge 3%s series C
sinking fund 4%s!
series A
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General 4Vis series D—
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;
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1
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__
68%
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deposit
-
-Cons
5
104% 104 S/8
1047s
100%
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111
M-N
Pennsylvania Co—
Guaranteed 3%s trust
,
116
100% lOOVi
A-O
1
3
18 3/4
20%
J-D
:—j-1960
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f."
4s sterl stpd dollar
102% 102%
J-3
1956
of
101 'A 101»A
J-J
-
ctfs D-4-1944
ctfs___—-1952
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.4:1st & ref 4%s series B,.
1981 ;
1st & ref 374S ser D
1968
Penna Power & Light 3 Vis
1969
4%s debentures
1974
107 7/s
88
>*87%
102%
88
11074
108
11074 1103A
M-S
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103 5/s
■
M
paterson & Passaic G &
1053/4
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3-J
V>
Paramount Broadway Corp—
112
82
B
panhandle East P L 3s B.
112%
16
116
116
M-N
1954
4Vis series D
Alst
J-D
deposit
of
C
series
5s
F-A
F-A
J-D
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gold 4VaS
„
9674
113%
92
*__
series B
ACertificates
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6
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69%
.2
92%
91
88
108 5/s 1087s
^1970
1971
1966
3s series J
ii ref M 3s series K_
Pacific Tel & Tel 3 Vis series
1117a
63%
1137a 114%
91%
92 Vi
3-J
J -J
98%
677a
J-D
1st & ref mtge
,
Newark Consol Gas cons
3A,
6774
37is series H
1961
3%s series I
—1966
lsv & ref mtge
1st & ref mtge
4
109
?•
21 /
104% 104%
*
J-D
807/g
21
1948
1964
1st gold 5s
Coast Co
Pacific Gas & El 4s series G—
>723/4
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> 4 •'■
■
279
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47%
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M-S
66
84
-
487i
•'
10
r104 %
M-S
95
61%
817s
1961
10174
20
107Vs
104 >/4
;
107
95
705/s
42
•;"
82
1946
110
-
75%
■
100 V 8
85 V.
108
91%
74%
51
80%.
1946
% '72%
4; 9474
•
—
903/4
90 %
J-D
1949
debentures
National Steel 1st mtge 3s
{ANaugatuck RR 1st gold 4s
3148 sinking fund
,
74%
987s
53
*
104
ill 7 114%
.'.105% 109
V10
110
J-D
2
.
106 % 106 Vs
t
63
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:
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72
62
M-S
60 >
42 >.
62 % Si
65
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97 Vi
62
M-N
72%
108%
> 9
60%
M-N
>
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55 %
56 34
J-D
'
129
121%
92%
195
64%
1967
1st
-
125
116
97%
64 Vi
1985
104%' 106%
101% 101 Vi
M-N
>
102
101
133%
129
■
__
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2
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133
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16
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31
11
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Nash Chatt & St L 4s series
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347a
367s
80'A
-1967
1974
1964
1st mtge 3%s
(Wise)
■,577a
9%
■> 56
7 ;>:> 22
'112% 112%
A-O
1951
1958
2000
1955
1955
1968
1947
debentures
impt 5s series Di
*
V J ■ if.i
1087a 109% v.:
11074
1948
22%
180
>'.
677a
66
i
;
118
„
Monongahela W Penn Pub Serv—
1st mtge 4Vis
112
:
10974
108%
..
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>
56% >723/4
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65
F-A
1966
Monongahela Ry 3%s series B
>64%
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80% •
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:
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10%
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r
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ll
7
109 % 109 Vi
103%
3-J
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1966
/
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J-J
1945
64%
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gold 4s—1991
Moh'k & Malone 1st gtd
A 26 Vi 7
26
M-9
1980
>—1981
ref 5s series I
Alst &
•
1972
>
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-
95
111
83
71%
y 56%
> 49
65
64
M-S
-
1949
gold 5Vis
:
ref gold 5s series H
87
108
9
23%
22
%
957s
>75&
"48Vi
47'
'
-
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1975
:_1977
1978
—:
series G
ref 5s
&
% AConv
47
•
ref 5s series P
Alst &
*
4s___
General
1
64'/2 >65%'
14
2047
2047
impt 5s series C-
''V;
> 32
••
8%
108 Va 109 %
1946
A—.^-->>1965
ref 5s series
Alst &
-
A-O
adjust 5s series A._:_Jan 196'
A Cum
■
: J-3 ~
2047
2047
1
737a •..82%
;
85 >
>1
1962
series A
14
77/a
100 :■■=• 105
667s
8%
"23
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Q-F
Q-A
J-J
Jan 2047
467i
•>.,-5
Missouri-Kansas-Texas RR—
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50
29 y4
*101%
__
J-D
21
8V4
47%
>30%
■•
55
.
•
—1997
:
(Minn) 1st & ref mtge 3%s
1st mtge 27is
■>■29%
>12 >
■
15
2047
impt
&
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1
Northern States Power Co—
5%
61 >
45
?;
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■
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.
<
45
45
46 Vi
J-J
46 Vi
45
J-J
1978
1959
1990
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?
J-J
,
^
44%
1938
1938
1938
4s__1997
B
&
Ref
12
73%
6s series
Ref
1
907a
;>> 35/8
j-
5%
• •
:
1946
§Alst cons 4s stamped
Alst &
>>>>''
•
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■
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71.-
» 103%
->75%
50
10%
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,M-9
55 >
;•
4%s series A
'
108'/a
>- 97
ref
&
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i
Ref & irapt 4Vis series A
*
94
106 Vs
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*101
J-D
{Mine Ct Paul & Sault Ste Marie
§ Alst
Gen
5s
Northern Pacific Ry prior lien
105%
73
'■'r
:-;'h
-/
66
,*62
..
..
J-D
—1949
1962
50-yr 5s series A
ext
97
10278
.
89%
108 Vi 108 Vi
J-J
1939
ref gold 4s
1st
95
>
{Minneapolis & St Louis RR—
Ref &
193/B
;
Sag 3%s
AgConsol ext 4Vis
A
100 Va
16
100'A
*99
M-S
19511
1st gold 3Vis
1952
Ref & impt 4Vis series C
1979
Michigan Cons Gas 1st mtge 3Vis_1969
*§ A Midland of N J 1st ext 5s
1940 {§ AMilw & Northern 1st ext 4%s__1939
A
92
■
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& ref
gen
507/a
18%
*
M-S
M-S
Q-J
North
Central
34
18 Vi
—
.
1974
1974
lllVa
■'
'■
17
18%
J-J
A-O
F-A
O-A
103
5
!
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tQ-A
100
series
4Vis
mtge
Hitfh
437s
..
.
109%
96%' 100%
'
McCrory Stores deb 3%
>
.
AGen mtge 5s conv inc„
>
.
Low
43
.
1998
2014
{§ANorfolk Southern RR 5s A
1961
Norfolk & Western Ry 1st gold 4s_1996
1st
Market Street Railway—
> 100
Co—
Norfolk Southern Ry
104 Vi
102 %
January 1
43%
J-J
F-A
F-A
4 M-N
J-J
J-J
M-S
A-O
{|AN Y Susq & W 1st ref 5s
Sold
No
High
Low
Range Since
Bonds
Friday's
Sale Price Bid & Asked
R
53/4
Reading Co Jersey Cent coll
Gen & ref 4%s series A
Gen & ref 4Vis series
B
4s—__1951
1997
1997
A-O
102
101% 102%
65
J-J
105
104% 1053/4
156
105 % 105 3/a
23
J-J
94
94 %
YORK BOND
NEW
FOR
RANGE
Last
Interest
Exchange
_19t>7
3%s series H
—
3%s series I——
Gen mtge
mtge
92%
92%
61
60%
107%
101%
103
*• •*>
4
42
Third
1st ref 4s
AAdj income 5s_—
Tol Si Ohio Cent ref & impt 3%s
66% >
•44%
in%
107%
.1949
3-J
J-J
16%
12
17%
18
55
12
17%
39%
stamped---..--.—iy3f
4s
5 A 1st
of deposit
1st mtge 6sRocky Mt & P 5s stpd—
A Certificates
gt L
*8
75
75
76%
3'fQ
76%
M-N
1950
J-J
—
of deposit
——
series A™.—.----1978
of deposit stpd——
Lotus-Southwestern Ry
certificates——--—1989
1st 4s bond
2d 4s inc bond.ctfs—
Nov 1989
unifying 5s-1952
gold 5s series A--1990
St Paul Si Duluth 1st cons gold 45.1968
ISASt P &KCShL gtd 4V28
1941
St Paul Union Depot 3Vss B
1971
§ A 1st term Si
AGen Si ref
,6r/Slofd'r^unsfaWed
gold Stamped
~1959
| A Refunding 4s---.----ACertificates of deposit
77
,
■■
*
103%
106 %
102%
104
—1947
J-J
1980
J-D
..1955
A-O
A-C
102%
102%. 103
F-A
104%
104% 104%
1963
-1963
Ala RR gtd 5sBell Tel Si Tel 3%8
South A Nor
1978
debentures———
3s
4s
40%
44%
42%
151
36%
36%
48%
470
28%
28%
37%
33%
34%
33%
34
55
7
:
106
83%
55
A-0
68%
67%
69
30
28%
30
*28%
30
Stamped
32%
31 Y
20
41%
40%
41%
224
28%
44%
41
40
41%
41
-'27%
59%
59%
45
42%
61%
29
26%
:
29%
28
1
opg
*72?.
ret gta 4s——i90&
1
100%
l
-■>
101% 101%
68
68
52%
102%
Tool
~,Z~ZZ
—
1st cons gold 5s—1994
Devel & gen 4s series A——1956
Devel & gen 6s—
——.1956
Devel & gen 6VaS_——
Mem Div 1st gold 5s_———-1998
St Louis Div 1st gold 4s—
1951
Southwestern Bell Tei 3V2s B
1964
1st & ref 3s series CSouthwestern Pub Serv 4s———1972
Southern Ry
J95J
ASpokane lnternat 1st
Stand Oil of Calif 2%s
Standard Oil N J deb
2%s debenture
Sunray Oil Corp 3%
oil 3V2S aebs
2%s debs
Swift St Co
gold 4^28—2013
debs
3s_
{968
—.1961
——19W
debs,——-1959
-1956
1961
11950
M-N
—
>101%
'
'6
•
.
ft 100%
100
>°6
85 Va
:
M-N
101%
102%
May 11955
M-N
*102%
102
103
A-O
>102% 104 I
101%
104%
97%
99%
101%
101%
101%
101%
101%
103%
102 »/4 102%
102%
102
102 %
—
,
>102
c
MS
-
99.
99
v
Vandalia RR cons g 4s series
Cons
A...1955
——1957
t 4s series B__
8
Va Elec A Pwr 3%s series B
1968
F-A
>109
'
M-N
>112
M-S
>•>—'"
112
1st dt ref
mtge 3s series D_—...1974
Va Iroh Coal St Coke 1st gold 5s—1949
Va & Southwest 1st gtd 5s
-2003
A-O
>105% 106%
MS
J-J
>106%
111%
106%
90
98%
100
*98% 102
'
112
109%
105%
—
109%
"
——1958
A-O
95%
Virginian Ry 3%s series A.. ..——I960
M-S
108%
1st
5s.—
cons
106%
76
73%
74%
Gen
;
series A
4s inc series
mtge
—1971
A——1981
B—1991
Ltg
6s
stpd
mtge 3%s
101%
West,
101%
Western
69
89%
66%
85
t A western
84%
65%
35
101%
229
91%
104%
105
35
118%
87%
91
73%
87%
104% 104%
7
92%
105%
86%
104%
109%
102 Va 102%
F-A
108
1966
J-J
110%
A-O
102%
102
53
102%
98
1
100%
101 %
101
101
117%
119
"l
108
109%
>100
J-D
J-D
>118
—
108
108
>
J-D
105 %
105% 105%
1960
MS
105%
105% 106
1951
M-N
West Shore 1st 4s guaranteed
102%
ACertificates
1st 48———I960
-.1949
M-S
*110%
99%
99%
A-O
62
62
M-N
16
-
15%
72%
69%
110%
w.
99%
Y
28
Y
111%
91%
100
101%
104%
116%
3
104
Wisconsin Elec Power 3%s
1968
A-O
104%
106%
Wisconsin Public Service 3%s
197.1
J-J
103% 103%
105%
105% 105%
I-
116 Va
57Vt
74%
78
62
4
60 Va
70
55
15%
22%
14%
18
,•
16
16
•
109 %
110%
110% 110%
15
107%
111
105% 105%
9
101%
106
>110%
Y.Y
il
105%
107%
105%
18
53
64
62
■
103%
102%
>
55%
103% 103%
J-J
7
105%
35
"
5
103%
;
'
17
1
101%
108
■■■-__
63%
103% 103%
3
107
101
62%
104% 105%
6
107 Va
100%
62%
103%
103% 103%
102
49
-:
J-T
of
deposit
9 ASu & Du div & term 1st 4s...1,836
ACertificates of deposit..—...—
,
106% 106%
99%
108%
J-J
107"%
60
77%
101%
67%
"
112 %
29
67
^-™'
106%
42
>101% 101%
"
103
98%
96%
67
M-S
88%
108%
Y 93%
J-J
2361
Registered
—2361
Wheeling & Lake Erie Rf£ 4s
1949
Wheeling Steel 1st 3%s series B___1966
Wilson & Co 1st mortgage 3s
1958
106%
51
:
109%
12
101% 103
105% 105%
108
30-year 5s
111%
10
144
110% 110%
;
1
J-J
105%
103%
38%
y.YYY
>100%
F-A
95%
3
■
108
lAWisconsin Central 1st 4s
~6
v-
46
MS
Winston-Salem 8 B
113 %
110%
52
46
84
5
100 % 101
M-N
ser
107 Vr
2
52
101
1950
1951
5s
112%
>111
M-N
Apr
56
A-O
87%
68
17
1940
1st
110
110%
110
104%
15
75%
A
Pacific
100 %
107% 107 %
110
100%
84%
74
1952
1977
Power 3%s series I
Maryland 1st 4s
100%
11
..
__
84 Va
74
1950
ref 5%s series A
1
107
107
Y:
>103% 104%
84 Va
Apr
1967
6
113% 113%
113%
96
17
108% 109
111
Apr
—1945
gtd
—
Westinghouse El & Mfg 2%s__
87
J-J
Union Telegraph CoFunding & real estate 4%s
25-year gold 5s
;
106%
101% 102%
Penn
1st &
84
114% 115
97
106%
Western
65%
120
105% 105%
115
30
_i9ao
1st 40-year guaranteed 4s
Westchester
198
r.
107% 108%
80
7
W
95%
93
76%
74%
95%
93%
/
Wabash RR-Co——
109
109
—
*
Q-M
124
172
76
;
102%
M-N
101%
103% 103%
M-N
Washington Central Ry 1st 4s
1948
Washington Term 1st gtd 3%s_.._1945
106%
18
85%
84%
75%
M-N
102
101%
—Nov 11954
94
100
F-A
101%
101%
—
>101%
Gen
J-D
J-J
J-D
102%
102%
100%
,
>101%
F-A
105%
108%
108% 108%
A-O
101%
101%
„
__
M-N
Warren RR 1st ref gtd gold 3%s—2000
105%
'
—
>_.
J-J
j-j
J-D
104%
101%
M-N
1—
103%
107
'
»
18
M-N
.—
-
1st mtge 4s
105%
123
12
106%
'106
mm
>126
J-J
A-O
A-O
106%
140% 104
3
>101%
M-N
-NOV
103
1
103% 103%
J J
r
May 11950
—May 11952
.NOV 11952
Li
Gen mtge inc 4%s series
Walworth Co 1st mtge 4s_.
J-J
•
.
—
>100%
>100%
4%s w w_.
-1951
Universal Pictures 3%s debs.'—...1959
68
103
7
104%
104
A-O
j"P
>100%
M-N
M-N
' 102%
100
11
102%
102
■
Vf_fj
109%
11949
54
34%
"v
29
»_■_
102%
F-A
J-j
A-0
A-O
106
62
'
•
111%
11
,2.60s
43%
'
M-S
F-A
M-N
May 11949
Nov
United 6tockyards
71%
72%
21%
_
108%
109% 109%
109%
,
;
128%
'
.
14
24
2.65s
•.
43
29
107
102%
107
106% 106%
106
38%
43%
Y-r 44
108%
102%
42
109% 103%
106%
2.55s
i
104%
,
126%
11
68%
107
4
106%
107
103% 105%
—
20%
19
—
NOV 11953
May 11954
'
64 Yy
100
,
—
May 11953
82%
,;
30%
14
i'L
68
68
76 Va
~
Term let 4s—
Pac RR 1st
7'.:'
>126
O
A"0
A"°
92
102
-~
104% 104%
104%
30%
11
32%
>103%
^
56%
18
.
32%
/
74'/a
Ban Fran
60
110% 112
•
r
—
2.50s
'
"
■
>100%
A
.
—
US
^
^
2.45s
86
70%
5
57%
52%
Corp—
-
2.408
v
i;
106%
"*
A-0
—1971
-
2.35s
,
Y Y:
>112
•
-
—1970
—
2.20s
-
-
37%
97 '
3
83%
56%
:
J-D
J-D
soregon
states steel
Serial debentures
50
1
56'/a
7TY,
oupenor
2.15s
Uiuteu
Y/Y
M-N
;
2.X0s
45%
83%
J-J
—Aug i9*u
OOld ,./
4VaS———
■
46%
412
106
7. gold «*;
South
33
32%
41%
34%
M-N
J^J
j-j
registered—-------J™,
(Cent Pac coU).
4s
94
34
Co—
Southern Pacific
*•
101%
42%
F-A
—1959
19
Oil 3s debentures-Socony-Vacuum Oil 3s deba—
South
100
89%
'
*
RR—
Pacific
95
39%
Northwestern Ry
Chic &
See
Skeiiy
:,■{•;■ /*
■.
,
vY- .13
-—
F-A
J-J
j-J
1953
Y
United Cigar-Whelan Stores 5s——1952
—1958
United Drug 3%s debs.—
...
Div—
& Pacific
City
Sioux
j,
107%
106%
■
103% 103%
97%
42%
—-
1941
fund debentures
t5ASilesian-Am Corp colltr 7s
Simmons Co debentures 4s—
/.
—
,
--
J-J
debentures
Union
05% 100%
44%
MS
1938
1954
1961
sinking
23/4S
■
1938
■
*107%
.1967
.
27
■
Oil 2%s debs
Union
103%
101%
•
>114
10
1
--
1933
certificates-,
series B
A 6s
Shell
>103% 104
■
'
105% 105%
76,
40%
M
6s series
cons
.
A-0
2.05s
—-
A--—
ACertificates of deposit—
J§AAtl & Birm lst gtd 4s tASeaboard AU Fia 6s A ctfs
A 1st
—
—
--
F-A
4
91
39%
«a
J A4S
—
:
.1959
2
41%
J-J
M 4%s
a
V
—
MS
1st & land grant 4s.
34-year 3%s deb
35-year 3%s deb
Ref mtge 3%s series A.
108%
63
5
91
—~
1950
a Certificates
iSt
J-D
J-J
104
.1945
99%
99%
M-S
J-J
.^Certificates
103 y2
101%
'
.1971
101% 101%
---
Louis San Francisco Ry
lien 4s ser A—---a certificates
of deposit
a Prior lien 5s series B—-
40%
96%
9
,:Y:-r
102% 102%
Union Electric Co of Mo 3%s
108
62%
1
100%
100
J9&J
1958
A Prior
3034
10
Y 378
103% 103%
■
J 3 A Union Elev Ry (Chic) 5s——
Union Oil of Calif 3s deb..
19 V*
106
106%
*._
J J
lot
ACons
—-
■■■■LU
50
105
10
107% 107%
A O
Mountain & SouthernGulf Division
Bfc L Pub Serv
83%
71
United Biscuit 3%s debs—
—
19J8
40 Va
High
Low
43
"
A—iJ
•*»..
11 n< 17 %
16
1941
2
16
M-S
tst Louis Iron
River &
103%
Range since
No
82%
38%
38%
J-D
109%.
>108% 110%
46
46%
M-S
Grand Islandlst 48
..1947
& Adir 1st gold 5s.—---}99J
St Lawr
1953
,
Utah
81%
M-S
-19b9
Ltd
Saguenay Pwr
1st gold 48—1946
1st gold 5s—1949
Tri-Cont Corp 5s coav deb A
111%
3s
St Jos &
Ham in Buff
Trenton Gas & Elec
—
—
1960
82%
A-O
Toledo St Louis & West 1st 4s—.1950
Toronto
♦125%
—
J-J
1960
Jan 1960
Ave Ry
January 1
Sold
Bonds
Friday's
or
Low
95
81
58
93
61%
<•111%
M-S
M-S
.1934
1A Rut-Canadian 4s stpd
ISARutland RR 4%s stamped
104%
Last
Mah
102% 102%
J-J
A- O
.1907
mtge 3%s series J--I Ark & Louis 1st 4%S
Gen
NO.
Low
>107% 107%
..
M-N
.1939
Grande West 1st gold 4s.
.1949
a 1st cons Si coll trust 4s A—.
Rochester Gas Si Elec Corp—
.1977
Gen mtge 4%s series D.—
ISAKio
Gen
3-J
Sale Price Bid Si Asked
Interest
January 1
Week's Range
Friday
•
.
Period.
New Tork Stock Exchange
Range Since
Sold
Utah.
Low
1956
Remington Rand deb 3Vis—<—'9*0
ttevere Copper Si Brass 3 %s—
1
BONDS
Bonds
Friday's
or
Sale Prlee Bid & Asked
Period
RECORD
SEPTEMBER
ENDING
Week's Range
Friday
BONDS
new Tork Stock
WEEK
Monday, September 4, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
1004
X
Toungstown Sheet & Tube—
1st mtge s f 3%s series D
.1951
J-J
—
1953
J-J
112
Si impt mtge 3%s series B. .1974
J-J
T>nn Coal Iron & RR gen 5s
Ret
refund
f gold 4s—....
s
112
.1959
A-O
—
.1965
M-N
106%
-20U0
J-D
124%
Texas & Pacific 1st gold 5s
-1977
5s series B_._.
111
16
101%
113
105%
106%
91%
103 Va
33
100% 101%
105
106%
106% 106%
A-O
4
106% 106%
124
124%
26
105%
106 %
9
115%
124%
Oen
Si
ref
93%
93%
21
81%
96%
Gen
&
ref 5s Series C—
A-O
93%
93%
33
79%
ref 5s series D_—.—.. .1980
J-D
93
93 Va
6
80%
Deferred
delivery sale not Included in the year* range,
d Xx-lnterest.
e Odd-lot eale not
sale not Included in the year's range,
r Cash sale
r
^
§ Negotiability impaired by maturity.
fThe price represented Is the dollar quotation per 300pound unit of bonds. Accrued interest payable at the exchange rate of $4.8484.
.
^Companies reported as being in bankruptcy, receivership,
the Bankruptcy Act, or securities assumed by such companies.
96
Gen &
M-N
included in the year's range,
n Under-the-rule
not Included in the year's range.
95%
93%
1960
118
a
F-A
...
deb..
Company 3s
debentures...™.—
3s
112
117
—
>106%
.1950
Tixarkana & Ft Smith 5%s A
Texas
120
of St Louis—
Terminal RR Assn
Lieu
>117
or
reorganized under Section 77 of
'Friday's bid and asked prices; no sales being transacted during current
ABonds selling flat.
week.
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
In
and
AND
a
In the following extensive list
26,
and ending the
present
furnish
we
Friday
include every security, whether stock or
complete record of the transactions
a
(Sept.
1,
It
1944).
bond, in which
any
«TOCK8
Week'*
Friday
New Tork Curb Exchange
Last
Par
Acme Wire Co common
Supply Mfg class A__
Class
A«r
_io
B
25%
tN J)
Accessories
Air Investors
Convertible
III
common
Inc
New
Hiah
LOW
V
25%
50
22
'■
•
•-w
-
Jan
26
Marj
20
Apr
21
Jan
3%
3%
3%
1,200
3%
Jun
PV4
9%
1,400
6%
Feb
9%
9%
200
x8%
Feb
5%
4%
5%
45,400
2%
2%
2%
200
j
Alabama
Oreat
Appliance
Southern™
Alabama Power Co $7
—
preferred
3
—
'ge
3%
4
4% July
10
July
10% July
5% July
I
.'V
>•,
Friday
Last
Exchange
Sale Price
Par
Allegheny Ludlum Steel 1%
Alles & Fisher
pfd_.
400
Week's
Range
of Prices
Low
112
Shares
Range Since January 1
Low
High
112
Sales
for Week
>10
High,
-
112
Aug
114% JUly
6
_
—I
common—
Allied Intl Investing $3 conv pfd
Allied Products (Mich)
...
Class
A
conv
July
8% July
Jan
2
Jan
2%
Feb
Aluminum
Jan
35%
Jan
4
1,300
2
%
4
July
98%
60
89
Jan
102
Mar
40
114
Feb
118% Jun
•i
'
■
..
27%
250
,
t
Apr
% Mar.
JO/%. Aug
33
common:
100
preferred
Aluminium
6%
new
Goods
Ltd
114
common..
76
......
...
....
•'JuA
33%
2,800
Feb
~31
Apr
31
Jim
Jutf
27 ■% Mar
35
July
Feb
115
Aug
Feb
20
Aug
113% 114
700
1G9%
19
100
18%
9
.100
American Beverage common!....,
r*n.
33
19
Mfg
preferred...
22
Jan
22%
23%
27
Aluminum Industries common
Aluminum Co
<
8%
..10
..25
common™..
2
117V2 117%
97V2
17%
—
o
Tork Curb
35
"
50
„•
year.
1
High
F
9%
—11.10
preferred
Electric
r.
SEPTEMBER
6%
common
Air-Way
1
ENDING
Range since January 1
5
50o
WEEK
'
.™
\
Corp
the New York Curb Exchange for the week beginning on Saturday,
STOCKS—
Scares
i
Mfg
A&sociates
Aircraft
J
•-
FOR
for Week
Low
•
»-•
on
compiled entirely from the daily reports of the Curb Exchange itself, and is intended to
Sales
Range
of Prices
Sale Frice
is
dealings have occurred during the current
RANGE
Ainsworth
RECORD
delivery sales are disregarded in the week's range unless they are the only transactions of the week, and when selling outside the regular weekly range are shown
footnote in the week In which they occur. No account Is taken of such sales in computing the
range for the year.
Aug.
Aero
YEARLY
deferred
76
100
2%
400
76%
100
2%
May
300
73% Jan
150
95%
Jun
100
1 Va
Jan
28%
Jain
13% Jun
84
Jan
103
Feb
2% Mar
42% Aug
>
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4313
160
EXCHANGE
NEW YORK CURB
RANGE
Week's
Range
for Week
Low
Class
43%
42
3
3 7a
Class
1%
Feb
38%
Feb
520
American
City
Carman
3%. Aug
Carolina Power & Light
Jun
Jan
19
July
31%
31
32
14,800
26%
Jan
32
Aug
Carrier
Jun
Ckrter
112
100
11274
135
73/8
400
5%
39
34%
Jan
39
38%
25%
Feb
34
16 %
July
27
517a
52
.'25%
Apr
125
35%
Jan-
Feb
Seal-Kap
common
Corp com—
preferred
ft" $6 series preferred
American Thread 5%
preferred
Superpower
$6
27
Jan
2,500
31%
300
22%
43
200
40
Apr
11%
ll7/a
1,500
10%
Jan
15%
3%
Jan
5%
is
8,700
108% 100%
175
18%
20
20%
4,900
31%
' ft Jun
...
105
*
May
14
Cnamueriin
Charis
Co
Sep
20%
Chicago Flexible Shaft Co
Chief
5%
5%
200
2% May
5%
Aug
2%
2"%
300
2% Mar
3
Jan
-
Arkansas Power & Light $7
Oil
Ashland
dep rects
American
Atlas Corp
3
May
1,500
ft
9%
53/4 July
9% July
97'/a
20
Jan
Clark
..4
109%
11
Jun
1,300
6%
6%
5%
Jan
7
July
Jan
Cleveland
Sep
Apr
T7% Mar
/ftft
fti%
%
%
3,000
10%
1,400
43%
100
2 7a
2;
2%
8%
8%
8%
800
5%
Feb
13%
Feb
9274
Jan
Jan
857s
Jan
6%
Feb
7
Jan
700 :■
ft
.
•r
^
22
22
-
:
8%
83/4-
343/4
34
18%
17%
•.100
173/4 Mar
1183/4 July
1274 May
'
■
111% July
9% Jun
223/s
,v
Jan
4
Mar
9
Jan
%
4,100
8%
1%
18
50
'1%
1%
»
Co
Jan
1% July
8% Sep
Jan■
'
" 343/4
22
Jun
11% 'Feb
1,800
ft-500
23%
ft
303/4
ft 325
■18%
Colt's
common
ordinary
Patent
57c
•
v
11
Fire
warrants
'ft
Jan
37%
Jan
•ft 1872 Aug
28
July
25
Arms
4
Jun
12
July
:
Jan
33/4 July
2,100
:-ft 6%
63/8
Apr
274
Apr
9%
4
33%
32%
33 %
10
""800
8%3%
.8%
2% May
300
"ft 800
4%
4
-
-'-300
3%
12
12
"4
1
3272 Aug
1,850
Feb
9% Aug
*
Y
4% July
4772 Mar
Electric—
Gas &
100
69
wanants—
3/64
3/64
Corp
1
127a
12%
12%
1,300
9%
Apr
13% July
Community
24%
24%
Products
1
63/4
6%
63A
900
3%
Feb
7% Aug
Community
Water
Automatic
Voting
*
6
6
6
100
4%
Jan
6% July
10
10
10
100
1/64
July
2074
Feb
Mar
71
i\ July
25
v
July"
Compo Shoe Machinery—
5
25
1
38,700
243/4
Public Service
Automatic
Jan
ft ' 400
ft
25
1
Southern
&
56%
420
70%
70%
preference
Commonwealth
Jun
3%:
•
Co
Columbia
2% July-
10%
Jan
}| July
5372 May
'3,000
"9% '*9%
9%
100
Utensil
Plow
Fuel & Iron
47% May
1% May
Jan
Jan
"8,500
105% 108% '
4
Airlines
12%
Sep
74
17V2
400
14 %•
14%
14%
*
Development
Colorado
Jan
Jan
8%
31
1,500
5
Forge common..
1
21,900
1
Corp
Colonial
Feb
Jan
75
"9%
43%
%
1072
-
108%
*
common
Colon
80
%
43% " 47
1
3% July
Jan
6Jan
—10
Inc
1% July
2% Mar
300
II
•
Co
Aluminum
Cockshutt
8% July
ft
10%
383/4 Aug
•
Club
."1
Jun
35% July
974
47
10
ft,
Lights
Coal
July
850
•
Cleveland Tractor
Clinchfield
16
116
8%
1
100
Lambert Mfg
Electric Illuminating
&
Clayton
Aug
15%
7%
8,900
Neon
Jan
Jan
36%. 37%
10%
Mining
93A July
13%
36%
Homes
Controller
Claude
Aug
5,300
'
97
com..*
new
Stamping
4% Mar
'10%
Jun
July
7% Mar
preferred BB
Auto
Jan
Apr
%
900
4%
3%
4%
%
.
•
City & Suburban
105
3% Aug
7% Apr
—
4% July
Jan
1193/4
Co__5
preferred B
$6
City
Aug
100
15%
10
Tel class A
&
Jan
"8%
6%
1
warrants
Drop
5,000
12
—
Atlas
4%
10%
Sep
113% July
May
£1
America—_—•
•
Atlanta Birm & Coast RR Co pfd—100
Atlantic Coast Fisheries1
Atlantic Coast Line Co
50
Tel
3
.
-y
reg„
Associated Laundries of
Associated
1,200
~6%
1
Associated Electric Industries—
3%
10
15%
5
Co
Refining
&
Apr
..
108% 109%
2.50
Works common
Metal
Jun
2%
10%
preferred.*
Equipment Corp
Aro
Art
106%
3%
10%
21
Jan
13
70
5,200
3%
10
preferred
6%
500
8
<
•
•
Natural Gas common
Common class A lion-voting—
Arkansas
21
7%
8%
%
112
25
119
119
1
preferred
60c
93/8
Jtin
Jun
Cities Service common
1
Apex-Elec Mfg Co common
,—_—•
Appalachian Elec Pwr 4%% pfd—100
Argus Inc
1
$6
7% May
96 % May
July
il Aug
§Childs Co preferred
20
110
119%
102%
•
Consolidated
4% Mar
110% 110%
200
8% July
13
Chicago Rivet & Macn
7% July
•
8%
Jun
3% May
5
Jan
111
Jan
~7%
8%
Jun
21%
9,900
102% 103%
16%
25
Jan
21
8%
Jan
May
119
common
4%
common
8% Mar
10
Jan
Chfsebrough Mfg
3%
Paper
Aug
19% July
10
1,100
Fence
Jun
115
7% Aug
400
14
8
50c
com
new
1,700
Writing
1%
100
Weather strip
6%
Post
Jan
1
pf<!
Utilities
4
American
12%
Jan
118
Jan
100
Aug
July
10
4872
ft, 20
100
pro
Products
6
Angostura-Wupperman
108%
3,600
8%
8%
26
-
Jun
Jan
May
114% Mar
100
0%
Light 77c
3%
Anchor
13%
•
com
pfd
common
Cherry-Burrell
% July
Jan
7%
West
Metal
Corp
Elec
&
5
•
2
*
17%
17%
14
—1
rower
Steel
South
Aircraft
Cessna
July
■'
Ohio
Central &
Aug
48
Jan
Gas
Power
Central Power &
Jun
%
1
New
Central
Apr
fe
'40
10
America
Horn
centra*
1% Mar
1%
11%
*
Hudson
of
Central Maine
Aug
40%
108 %
Central
Aug
52
31
10
2
10c
"
Republics—_
American
Corp
17%
•
Co
Feb
41
•
—1
com
&
Catalin
102% Aug
—
1
W) Co
M)
118
118
10
Products
18% Mar
100
'
'ftft1;
(J
110
Jan
2% July
16
Jan
7%
$7 preferred—*
common
(A
Jun
3,200
173/4
27
•
Corp
Jan
X23
45
43%
43%
144
Jun
88 %
'
1%
•
Castle
Aug
19%
31
17 3/s
46
Apr
200
31
Jan
14%
High
Jan
12%
•
common
Casco
July
6,500
•
Co
preferred
7% Jun
39
41 %
18
173/4
Jan
25
453/4
17%
ft-.—
107
300
453/4
18
112%
Jan
225
774
common—10c
$2 convertible preferred—:
—1
ft $2.50 convertible preferred
1
American Hard Rubber Co
25
American Laundry
Mach
20
American Light & Trac common
25
6%
preferred
25
American Mfg Co common*
100
ft Preferred
;
100
American Maracaibo Co
1
American Meter Co
*
American Potash & Chemical
*
1%
2'/a
1%
•
,
Jan
%
15%
Corp
A
Carnation
300
%
class
Co
Class B
Feb
900
General
American
&
Aug
19
%
34% Aug
6,700
Low
•
47
187a
%
i
Range since January 1
High
144
__1
Products
41%
<
19
preferred
American
1st
Capital
10
Foreign
:•
Amer
Canadian Marconi
Aug
;
Shares
100
preferred
Power warrantsFork & Hoe common
"
Gas & Electric
10
non-voting
&
American
4% %
42
Low
Par
Aug
45
Jan
for Week
of Prices
Canadian Industries Ltd—
3d
B
American
-
Jun
35%
1,400
44
37
ft.
38
Sales
Range
Last
Hi gn
13% Aug
Jan
900
,
3%
40
34%
10
class A
Cyanamid
5%
500
45
41%
25
25
A
American
2,100
7%
A
class
Convertible
Lou.
13 74
Week's
Friday
Exchange
Range since January 1
Hiah
127a
--
Curb
Sale Price
& *»ight—
Power
Cities
American
1
Mfg
1
York
New
Shares
of Prices
Sale Price
Par
Central
American
SEPTEMBER
Sales
Last
Exchange
Curb
ENDING
u'fvus
Friday
SiOUKft—
York
New
WEEK
FOR
100J
Atlas
Plywood
Machine
(B Fi & Sons common
preferred
Ayrshire Patoka Collieries
Avery
6%
8
10%
May
V
Aug
.4 21%
Feb
Jan
15% Aug
t
extended to
c
& Coke Secur
Gas
Conn
Biscuit
4%%
•
23%
24%
26;
20% Feb
: 1.400
July
Consolidated
Baldwin Locomotive—
common
Co
Rubber
Barium
Steel
Barlow
&
1
—1
common
Corp
0
1
Refractories
(L)
Baumann
Brummel
Aircraft
&
Benson
Hedges
Inc
Blue
Bohack
Borne
C>
(H
& Co
Co
Jan
Inc.—.
Bowman-Biltmore
ftft
Oil Co
14%
14%
I434
*2,400
11%
Apr
15% July
1
•
2%
2%
1.800
1%
Jan
3
Mar
49%
493/4
50
150
43 %
Jan
50
Aug
167a
15%
167a ft'
1.600
10%
Jan
17% July
Feb
11% Mar
2% ■'•':
Am
v
dep
ord
rets
£1
£1
reg—.
Ltd-
Celanese
British
108
•
•
dep rets ord reg
Power class A
Amer
Columbia
British
ft Class B
preferred
1
$5
A
(E L)
Bruce
Co
1
common
Buckeye Pipe Line
Buffalo Niagara & East Power—
ft -$5
Hill
Bunker
Burma
Burry
Biscuit
Butler
(P
ft.'Y
—
"
•
•
V
Lighting
Inc
Jan
<
■
•'
12%
—
1—
-s
•'
ft
7,
■
f
31 %
— :
—
f"
.
■
4%
3%
1% May
Feb
15% Aug
37% July
July
•i
20%
Jun
Crystal Oil Refining
$6 preferred
Curtis Mfg Co
4%
18% Aug
100
Class A
1
1
3%
Jan
20
Feb
4%
ft:
18% July
Jan
4% July
2%
Jun
67c
American
Calamba
California
Electric
Fire
Car
Canadian
A
Class B
For
6V2
&
Participating
Class
Jan
24%
25
Mar
Feb
3% July
Jan
36% July
7% Apr
22% July
% Jan
287a Mar
Aug
5,300
9% July
17a
10%
900
3%
Jan
574
574
500
3%
Jan
Jan
3
3%
1:5.000
2
Jan
3 7s Aug
50
24
Jun
25 V2 Mar
~3%
25%
25%
11
Jun
6% July
15
July
II
1%
72
Apr
14
14
10
Feb
14
Aug
23%
25%
10.300
197a
Apr
26
Jun
107s
9 3/4
1078
500
374
Jan
27s
Apr
1274 July
374 Aug
8 3/4
May
9% Aug
1,800
100
2.50
B
1% Aug
50
preferred
&
•
—
Mfg—
-
Foundry
91% Aug
Vilbiss Co common
Jan
Jan
3% Aug
26%
Jun
De
Shoe
19
Aug
Am
700
97%
Feb
110
Aug
Divco
Jan
Dobeckmun
1.100
3%
3%
3%
47a
4% ft'4%
r-
100
12
Corporation
C
Co
Domestic Industries class A com
1% July
4
Jan
Dominion
Bridge Co Ltd
5%
Jan
Dominion
Steel
4% July
Coal
&
B
ft
200
1%
172
1% July
%
1%
700
Jan
Jun
Durham
5%
Jun
Feb
800
21
July
1% July
Jan
Jan
6% July
2074
Jan
27% Aug
22
Jan
26
10%
Feb
3%
60
11%
103/4
Duro Test
13
1
6%
Xl3
674
class
B
common
Corp common
Duval Texas Sulphur
17
Mar
9%
600
5%
Jan
14 7a
9%
14 7a
600
ft 10%
800
■:
3% May
1472
7
100
8
2.400
8
2572
5%
Jan
4%
Jan
Jun
...
25
100% July
672
*
8% July
Feb'
67a
25
Jan
774
.,
80
26%
50
32
Feb
Feb
337a July
74
32
Feb
8%
100
3%
3V2
3%
274
Jan
10%
103
97a
Jan
:8%
•
21
r
'
9% July
Jun
100% July
•
voting
see
page
1009.
East
Jan
Gas & Fuel Assoc common
4%%
prior preferred
24
Jun
preferred
Eastern
—
—
100
4%
Feb
4% Mar
73
2%
693/4
Jun
8% Aug
4% July c
11% July
'
.
'
Malleable
100
Iron
25
Apr
$7
5% July
$«
5%
"
i%
32
44
30%
433/4
3074
1%
Feb
725
5674
Jan
75
Aug
950
323/s
Jan
44
Aug
50
2472
Jan
1
1%
8,500
•
49
5174
225
preferred
•
51
States
•
Corp
series
B
51
2% July
1,300
2%
75
preferred series A
Eastern
5%
2%
•
100
"
Alcohol—
5%
Aug
81
Jan
600
107/s
8 7a
•
1
*
—
ft-,
Feb
67
7% Mar
20%
67c
•
Jun
July
20%
7
7%
Apr
Sep
6% July
5% May
22 3/s May
'
July
5%
<A*
4
July
9% July
Jan
67a
Feb
July
1274 Aug
9% Aug
2,900
12
Aug
107a
16
13% Mar
—•
Hosiery
Jun
16
Jan
%
1,500
25
July
May
103/4 July
79% Feb
Jan
72
3,600
674
27 7s
25
6%
10
Duke Power Co
II Jan
1%
5%
267a
1%
1%
•
Corp
Driver Harris Co
ft
1%
135
1,600
130
•
—
Dominion Tar & Chemical Ltd
1%
78%
Jan
10
12%
1
common
Apr
3
~9 ft "9 74
82
19
£1
1
dep rets ord reg
Apr
1
5% July
Jan
Co Ltd—
Distillers
9 % May
1272 Aug
Jan
65
10
1
Mar
3%
500
common
Diana Stores Corp
10% July
600
common
preferred
7 7c
Diamond
4%
80
80
787a
-10
9
3.000
"9%
1-,
1
Jan
Co
Mar
July
36
113
80
10
Gray Iron
4%
20
Mich Stove
26
21
Jan
674 Mar
4%
•
1
Steel Products
Jun
Jan
24
50
19 7a
———100
—*
'
15%
33%
197a
1
3
Detroit
Jan
5
preference
Feb
107a
5%
24%
Detroit
Apr
100
voting
non
88
10%
.Detroit
May
14%
1%
8
Apr
2% July
2
4.800
25
17s
1
1%
4% July
Foundry Ltd—
footnotes
14
84
ftft 300
19% July
800
10%
1
pfd.
Industrial
H Feb
Jan
23
2%
26
Feb
11.000
1%
10
Power
Corp
Insurance
Cement
Canadian
,
174
12
867a
Jan
10
10%
£1
1
pfd
Estate
Tnnpsten
Canada
ft,.. 500
..
dep rets 5%
Sugar
Camden
2%
35
preferred.—
19
109 74 1097a
IV2
Jan
2%
1%
1.000
3%
10 74
50o
Feb
%
23/8
23/g
*
1
& Refining Corp com
Gasket
Detroit
9%
•
17% July
1% July
574
Wireless—
&
^allite
certificates
trust
Voting
—
Mfg class A common
convertible
A
Apr
Draper
Cables
common
prior preferred
$6
17%
3%
500
1097z
-■ft
Apr
,3,650
ftft; 500
*
convertible
18 74
50o
"July
106% July
%
857a
17%
200
1874
ft
Cable Electric Products common
14
Jan
Mar
•
10
5
common
(Mo)_—
87c* debenture
May
21
18 %
'July
9
%.
63/e
6%
2%
77%
18
—
Jun
6
100
ft
100:
105 % 106 %
85 7a
14% Feb
~4%
—
—
10 7»
Dejay Stores
1% May
4^«
ft 1.000 -
Apr
.13% July
D
Derby Oil
3%
17
18 74
5%.
ft ,13 74
57s
13
150
25o
25
Davenport Hosiery Mills
Dayton Rubber Mfg
Dennison
~.ft;
1
1
ft
Jun
13%
Jan
Feb
18
.15 %
1
5%
13%
Jan
23
Jan
8% Aug
800
v,
'
—,
12'Ao
c._—__25c
common
Curtis
1
1
Com
H)
17% Mar
1.600
Jan
lft
International A
Jan
3.600
374
•
common
2%
ft 2.700
lis
Crown Drug Co common
convertible preferred
Tobacco
21%
dep rets
Corp Am
Cork
Crown
Cuban
13%
Jan
lft/4:
87a Aug
27s
Jun
1%
—
Co
% Mar
3 % Mar
974
507a July
115
Jun
25
•
Sullivan
&
*
Brewing
Crowley Milner & Co
Crown Cent Petrol
(Md)
Jan
13"%
Jan
ft 400
*
1
Sugar
21%
•
Jan
3
Atlantic
Jan
:2,100
(ord reg) —«i
receipts
dep
Petroleum
Croft
Cuban
Jan
2.50
preferred
1st preferred
$1.60
American
Creole
Mar
9%
32
400
8%
Jan
Courtaulds Ltd—
%
5
common
.
July
V-18%
4474
—50
preferred
12% July
400
4%
5.300
•
Petroleum -common
convertible
5 7c
28
9.600
1117a Aug
ft 6% Aug
'
1
preferred A
$6
Cosden
105
l3/4
Sep
Jun
*
Jan
19%
118%
172
1
Jan
1%
Feb
12
Reynolds
&
Cor; /on
Jan
18%
.
18%
Sep
113%
Jan
*
10%
1.400
%
%
r
Jun
693/4
Jan.
"so
Mines
6%
200
Aug
Feb
674
ft
8
.—1
Co
Range
80
GO
12
113/4
•
prior preferred
Brown Rubber Co
Sep
July
433/8
8
--100
24
103
99
103
*
Forman Distillers
Class
Brown
>
1
Fence & Wire common—
Brown
7%
200
9%
9%
9%
ft'ft
Tobacco—
dep rects ord bearer
Am
15% Aug
Jan
12
10%
•
•
A
American
Aug
10
9
common
British American
% May
10.900
6%
6
6%
Hoc
Coro Inc d
Jan
3
69
Cook Paint & Varnish Co
Cornucopia Gold
July
37
Feb
9%
Oil Co
British
35
Apr
Feb
2%
1 Class
Apr
«1,500
.ft ft; .30
637a
104
ft'' 693/4
117 % 11874
5 3/8
11472
„
Co
l3/8 Mar
38
Jan
Jan
■
—10
preferred
prior
Copper
W Aug
6%
,'•/ 123%
Co
136
6%
•'
23/4
Mfg
Feb
150
—
;
4% July
'7,700
—
1%
28% July
Jan
9%
ft''
10 74
127a
Lgt & Pwr
Corp common
Aeronautical
Brillo
Apr
4
,ft, 800
Continental Gas & Electric Co—
Aug
2%
33%
118 74
1
Oil
1274 Aug
% Mar
.100
Corp
174 Aug
.
93% Jan
ft." 1.400
53/8
Ltd. —5
'
19% July
30
2
.1,050 /; '
11%
17s
/J
ft 69%
1
| Continental Fdy & Machine Co
Aug
10
35
•
*
*
preferred
Bridgeport
82
Jan
'
1%
ft Consol Textile
Jan
Apr
Steel
Consolidated
'I
57»
I100
Utilities
preferred
Consolidated Royalty
4% May
127%
2
■
% Apr
200
ft
.100
87c
Apr
5"%
Jan
6%
1,100
3%
1
Breeze
.
Traction
16%
Jun
21
1%
Bridgeport Gas Light Co
2d
Feb
4
65
Brewster
$5
f
100
9%
100
*
•
1
Brazilian
13
200
1,800
X5 %
.
Mining & Smelt
Retail Stores
Consolidated
July
4
14% Mar
*
common
1st preferred
7%
J
10%
100
25
•
*
Scrymser Co
Bourjois
2
15
4%
9%
•
common
preferred
1st
7%
-
convertible preferred
(S)
9,900
•
common
optional
Blumenthal
9% July
97a
974
*
1
Ridge Corp common
$3
■
Jan
1
& Mach Co com—'•
common
(E W)
6%
2%
1
common
Birdsboro Steel Fdy
Bliss
1.000
—*
•
common
preferred
Berkey & Gay Furniture
Blauner's
41% July
100
Convertible
Bickfords
9% Aug
Jan
-.35/3
15
15
x5%
20
_1
common
Canada
Tel of
Jun
39%
9*
3
3%
6%
200
10
common
convertible preferred
$1.50
Bellanca
8%
100
1
Ties
Mills Inc
Beaum:
~9
6,900
*
common
1st preferred
7%
Beau
40
Mfg—
Seelig
convertible A common
Inc
$1.20
Basic
8%
40%
8%
8%
30
preferred
Baldwin
Bell
Consolidated
for
warrants
Purchase
7 7c
preferred
Gas
.ft:
common
preferred series C
4%
Co
series B
—*
"3"*
III1
Co
Consol G E L P Bait
B
common..
preferred
$3
Consolidated
Babcock & Wilcox
xl!7a
117a
1
1946
' 1
1
25% July
9%
Service
25
% Mar
33%
Jan
ill/,
.Tan
30Va Aug
1%
Sep
52
Aug
52
Aug
Monday, September 4, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
1006
NEW YORK CURB EXCHANGE
RANGE
Friday
Week's
Last
STOCKS
Range
$3
1.000
95%
95
95%
1.200
88%
Jan
96
1.700
46%
Apr
65 ¥2 Mar
58%
62%
%
i
.1
63%
¥2 May
300
i
8 3A
"
34
x33
'V:
Feb
,
30
Jan
38
13% Aug
49 % Aug
14
Aug
Aug
International
16% July
International
15%
17
8.300
8%
Jan
121
100
103%
Jan
121
44
insurance Co
Sep
42% Mar
Feb
8%
1%
40 ¥4
40%
Jan
'
"1% ~1%
1
l¥a Mar
3.000
51 ¥2
67/a.
7
12% July
1% July
41
1
35 ¥♦
'
■
Jan
7 ¥4
July
34¥4
Apr
18%
Feb
42
Aug
International Sa'ety
2¥a
2 ¥4
J
16 ¥2
16%
28 ¥a
28
Falstaff
Brewing
Fansteel
Metallurgical
Co
Fedders Mfg
8%
10
—
10% :/
1.100
7%
Jan
ll7/a July
J
5.700
l¥a
Jun
3% Aug
16 ¥2
100
12%
Feb
167/e July
29%
Inst Co
—1
Airplane——*
1.700
14 ¥2
Feb
30 ¥2
10
7.600
3
& Warehouse Co--25
(Phlla)
10
Ltd—
...,
Am dep rets ord reg
——x*
Ford Motor of Canada—
62 ¥4
v
Apr
6 ¥4
19 ¥4
Feb
2 3 ¥2
Jun
Jan
23¥e July
2
Jan
23
Aug
3¥a
16%
300
2.300
5 ¥2
16%
v
3
300
Feb
16 ¥a
100
Aug
5 ¥2
Jacoos
49
74
75
Gellman
Alloys Co
Gen
"2
1
•
Mfg Co common
General
18
Jan
;
dep rets ord reg
Amer
preferred series A
5%
General Fireprooflng
common
£1
1
10
•
•
52 ¥4
180
%:•
58
Jan
75
preferred B
General Outdoor Adv 6% pfd
100
General Public Service $6 preferred—*
General Rayon Co A stock
•
General Shareholdings Corp com
1
$6 convertible preferred
•
Gen Water Gas & Electric common—1
83
•
preferred
•
Georgia Power $6 preferred
$5 preferred
*
Gilbert (A C) common
•
Preferred
•
Gilchrist
Co
•
Gen
J as & Elec $6
7¥s
Feb
-8
Feb
78
300
1¥2
Jan
3¥a
200
li
Jan
*5 ¥2
Jan
Jun
16
19%'
300
40
135
Feb
8% May
Jan
21% July
14%
Jan
136
50
79 ¥2
Jan
101 ¥2
10
82
115
74
Jan
%
■
86%
Jun
l¥a
Feb
75 ¥2
Jan
88 ¥2
Jan
<12 ¥4
50
•
Kress
2% Mar
10
Jan
Jan
May
12%
:
16%
Jan
16
Feb
Mfg
Gorham
common
Varnish
Grand Rapids
Mfg
Gray
Co
—
Non-voting
7%
13 ¥2
Apr
Mar
17
••
Lane
RR
Lane Wells Co
Aug
34
10
1
8
Aug
Jan
"*110
:
Jan
x40 ¥2
Leonard
7% May
50
7%
30%
300
9%
1,500
35
50
88 ¥4
350
35%
Jun
82 ¥4
preferred
Gypsum Lime & Alabastine
Feb
4%
Jan
7
Jan
'
Sep
34
•8 ¥4
Lionel
Jun
Lipton
Lit
11% Feb
Hall
8
83
Jun
136% Aug
29 ¥4
Jan
357/a July
7%
8
800
6¥a
Feb
6¥a
300
3 ¥< Mar
Hammermill
Co
100
108
Jun
110
Mar
6
Paper
Hartford Electric
Light
voting trust ctfs
Co
Hartford
Rayon
Harvard
Brewing
10
25
1
1
Jun
*
Corp
:
—
(Thos J) Inc 6% preferred
Brothers
common
Groceterias
Class
America B non-vot com—1
•
Dept Stores common
5
Hat Corp of
Hazeltine
Hearn
b%
25o
Class A
'
Co
Heller
Common
fit Co participating A
<R>
&
Holophane
Horinel
Co class
A_
(A C)
Horn
& Hardart
&
800
lVa
Feb
2 ¥4
3¥a
200
2%
Jan
4
7
400
Co common
Baking Co
5 ¥4
(Harvey)
Inc
& Refining
Hummel-Ross
Hussmann
6
¥8
v
Apr
3 ¥2
Jan
41 ¥2
~67/8
Apr
Jan
300
7 ¥4
8
17
8
17 ¥2 '
6¥a
1.100
Jan
250
10
Jan
150
11%
Jan
'
13%
137/a
52
Corp
Fibre
Corp
Co
Ligonier
*
Huyler's common
preferred
'
Hydro Electric Securities
•dygrade Food Products
Manatl
$5
Aug
7 ¥4
Jan
20%
400
9%
9¥a
300
1%
1%
600
4¥2
.;.,3%4%
„11%\;, 10 ¥8
11%
4%
:
4%;: 47/«
2Va
Apr
6,600
5 ;
Jan
12¥8
Jun
1,500
2¥a
Jan
5 ¥4
July
20
'
—
*
48
Jan
May
22% July
29
29%
300
24
Feb
10
10%
7.300
15'
15 *
9 ¥4
12
3 ¥2
14 ¥2
Jan
12
Mar
23
Mead
May
Aug
4 ¥4
Jun
11 ¥2
—
12
Jun
13
33
Jan
40
Illinois Zinc
Imperial
100
3 ¥4
116
28%
28%
25 ¥2
275
110
19%
40
19%
40%
6%
7%
10%
10%
17%
600
38 ¥a
2.900
4
4.000
■
23%
12%
Jan
Ara
dep rets regis
For
footnotes
sea
page
1009.
July
>
July
103%
107
Sep
July
20 ¥4
Apr
Feb
124
12 ¥4 Aug
19 ¥4
Aug
5 ¥2
Jun
Jan
Jun
Feb
111¥4
4
¥8
Hi
;
';
.¥
Jan
67 ¥2 July
Jan
55
1.400
2¥a
Feb
4
1.500
4 ¥8
60
r,
3%
4%
3 ¥2
35/a
•
5¥a Mar
l¥a July
Feb
16 ¥2 July
Mar
12
16
■
Aug
-
Feb
11
Aug
Jan
16
21
May
270
»
Jan
109 ¥2
Aug
Feb
96 ¥2
Aug
13¥a
Jun
—
__
100 ¥4
84 ¥2
109
108
—
,
July
Jan
15 ¥2
200
16
Feb
.
¥4 May
100
1-k:
15
.
Jun
113
56
45 ¥2
62%
62 ¥4
62%'
400
ll¥s
Jun
100
11%
11 ¥2
9
9
__
7¥a
Jan
9% Mar
Jan
59% Aug
Jan
18¥a July
56
17¥a
'
56 ¥2
180
37
16%
56
17¥8
2.000
12
3 ¥2
3%
200
14 ¥4
14 ¥s
Jan
Feb
5
Mar
Feb
6 %
Aug
3
25
1 ¥4
1%
48.100
100
26% Aug
5
13 ¥4
13%
10
25
13 ¥4
13%
24 ¥2
.2%
Apr
5 ¥a Mar
.40
Aug
1% Aug
Jan
26 ¥4
29%
Jun
10
Apr
137/a Aug
200
10 ¥4
Feb
14c:- July
50
22%
Feb
25¥4
Jun
3%
Jun
1.000
■
24 ¥2
;
400
Jan
25
Jan
23
150
v-ii
10
1¥2
18 ¥4
15
Feb
17 ¥2
Jun
3.200
'■ 3
8
Jan
10
Aug
Aug
Feb
\l
1.800
1%
*
Feb
26¥a Mar
26 ¥4
l¥a
Jun
Jan
40
50
40
July
14 ¥4 July
1.500
6
4 ¥B
4 ¥4
110
Jan
9%
21
4
4
Jan
105 ¥b
800
2%
2%
M
—
1%
Jan
76
76
50
51
Jan
77 ¥2
Aug
69
69
70
425
;, 49
Jan
70 ¥4
Aug
7
7
Feb
8
May
Jan
113
May
26 ¥4 Mar
3.100
7 ¥4
6 ¥8
109 ¥4
Jun
Aug
Apr
Jan
7% July
xll¥s July
100
6%
Jan
800
2¥a
Jan
24
150
20 ¥2
Jan
July
9 ¥2
Jan
13%
800
Jun
4
¥4
Jun
29% July
3% July
13¥s
Jun
5.000
4¥4
Jan
12
Aug
500
43 ¥8
Jan
51
Aug
10%
11%
51
15
7,900
9 ¥2
Jan
15 ¥a
10%
10%
1,050
9 ¥8
Jun
13
Apr
July
5%
Jan
6%
Jun
2¥a
2%
1,100
10 ¥4
11%
700
>.
....
.
32
July
l¥a
*:•'
2 ¥2
Jan
Sep
Feb
11 ¥2
Aug
Jan
5 ¥4
81
90
Aug
31 ¥4 May
.,.'■
33 ¥4 Mar
•
&
-
—
17
.
__
17
50
Chapman
•
•
8
200
8¥s
8
8
-
67/8
6¥4.
.
-
10 ¥.
11
*
&
Aug
26
4% Jan
9
Jan
Jun
H
156
~
..;600
.
1,000
.
500
11
156
V;
Jan
1¥2 Mar
6 ¥2
Feb
8 ¥4
.
10
800
Jan
Mar
13
Jan
161
I.
;
8%
.
~8 ¥2
400
\;,3¥4
July
Jun
4% July
Jan
Jan
81
July
87a Aug
Jan
6,
Jun
8% July
2¥a
8 ¥2
138
41
4%
.4 ¥4
x4%
•
Stores
17
1
*
Co
Jun
•
8
„
.
•
common
5¥s Aug
5
£1
100
A preferred.—
6%%
Tixtile
.
Corp
Participating
2 ¥4 Aug
Middle
v
West
Corp
Oil
Steel
common—
Corp $2
conv
*1%
Jan
Aug
3% Aug
Jan
4
:"*
36
„
Jan
110
44'
Jan
110
116
May
Aug
Mar
.
j
__
8
.
l ¥a
...
107%
—
* \
3%
3¥4
r
7%
..100
2 ¥4
Apr
"'4%
Apr
;
¥0 July
8% Aug
4
8%
1,250
lv-.
1%
3,000
6¥s
7%
400
6
.
Jan
10%
10¥a
500
5 ¥4
Jan
107/e
12 ¥a
12%
600
8
Jan
13% May
900
1%
Jan
3 ¥2 May
9% "Jan"
:-:,12.¥a Aug
2 ¥4
2 ¥2
5
11%
11 ¥4
,
2%
12
3,200
IS Mar
9
Jan
•
200
20
Jan
23 ¥a
Apr
26¥a
24%
26 ¥a
26¥a
325
27/8
1,900
2
50
"1% Aug
7% July
¥ 10
Aug
Mar
¥2
l¥a May
24% Aug
30:; July
27/a Aug
10
&
Supply
8¥a
Jan
9
July
•
Co
Piping
24 ¥4
•
common
15 ¥4
Jan
22
July
2¥8
Feb
1
Refineries
Mining Corp of Canada
Minnesota Mining & Mfg
Minnesota Pwr & Light 7%
pfd
Mississippi River Power 6%
pfd
Mock Jud
17,500
preferred—*
Abrasive
Oil
Aug
Products—
$2 non-cum dividend shares
Co
•
1
2.50
•
99 ¥4
—'
1
t c
Midland
Midvale
,
Petroleum class A v t c.l
Midland
Mid-West
—-
,
15
1
Micromatic Hone Corp
Class B
25c
3%
3 ¥4
Jan
50
2 ¥4
100% 102
;
3%
10
Middle States
—
.
1
Michigan Sugar Co
Apr
20 % Mar
45 ¥4
Ltd
Preferred
Jan
4
"
113 ¥2
Co
I
preferred
Metropolitan Edison. $6 preferred
Michigan Bumper Corp new
:
Michigan Steel Tube—
Apr
30
2 ¥2
•
Dredging
Missouri Public
£j
97
9%
5 ¥2
;
6
Scott
Metal
6% Aug
119
Jan
50%
13%
•
120
-
—
• /...
Messabi Iron Co
Jan
July
11%
10%
Industrles^-
Jan
•
,
3 ¥4
4
15%
14%
""""""
Co
Chemical
.Jan
650
17 ¥2
16 ¥2
—,:
8
•v\
May
•
Feb
92
4¥4 Aug
7/a
Mar
—I—III~50
Aug
1% May
>•
.
17¥2
40
common
Merritt
Jun
etfs_
;r 87 ¥4 Feb
100
•
Mercantile
Midwest
arrear
Jan
Marine
Shovel
Johnson
Mid-West
Dividend
7/a
8 ¥2
Memphis Natural Gas common
July
32
preferred
Mfg Co
Radiator & Mfg B
Midwest
Illinois Power Co common
t% conv preferred
11
7% Jan
9¥a Mar
< \
1 ;
A
Harris
McWilliams
May
8¥a May
13% Mar
13%
20% July
Jan
50
n-V
—
•
100
100
1
•
B
common
Steam
McCord
16% Aug
18
5
17%
18
i 1 ¥a
Internat
Massey
9¥s July
May
137/8 July
300
7%
T'a July
% Mar
60
1 ¥4
Mass Utilities Association v t c
19
20%
40%
25
¥ 102%'103 ¥2
103 ¥2
17%
Consolidated
Marion
July
20%
19%
?.
23
Communication
7% July
500
100
5
•
5
•
1
1
•
4,100
97
.97
9 ¥4
Margay Oil Corp
Jan
22
28%
■
17 ¥2
convertible
Mapes
Jun
30
22
10%
1% July
Aug
Sugar optional warrants
Marconi
Apr
•
20%
Feb
2,700
23
Mengel Stores
July
¥4
100
*
Hardart
Oil
Jan
•
1
•
& Co common
preferred
1st
"l7/a
11 ¥2
5
•
common
Horn
Humble
July
•
Co
(Geo A)
Hubbell
27
26 ¥4
10
Inc
Horn
H%
Mar
50
11%
2.50
Consolidated G M
Hollinger
Horder's
xl9¥s
24%
5
Heyden Chemical common
Hoe
Jan
1
—
Rubber common.
Hewitt
5
2
common
Henry Holt
•
July
49% July
-tt
97/s
6%
9¥a Aug
6 ¥2
•
Rubinstein
Helena
Jan
50
Mining Co
Hecia
Aug
A
1
17 ¥2
Lynch
Jan
Corp
preferred
Aug
20
30 ¥4
5
7%
Jan
5%
400
47
l¥a
8¥2 Mar
3
:
M
9¥a
37/a
7
Jan
Aug
12 ¥4
•
A
July
10
1%
l¥a
1¥8
Feb
Corp new common.—10
Chain
May
111¥2
X115
24%
—
7% May
18
•
Co
preferred class A
preferred class B
Louisiana Land & Exploration.—
Louisiana Power & Light $6 pfd
5
9%
•
Ltd
50
Jan
25
1
Inc
Long Island Lighting common
6¥s Aug
111% 111%
(R G)
Lone Star Gas
8% July
5 ¥4
9¥s
1,800
2¥a
18
1
H
Lamp Co
Hamilton Bridge
200
V 8
v
>-
•
Development
Locke Steel
93 ¥4 Mar
Jan
8
•
•
Jan
19 ¥4 July
1
*
•
preferred
Oil
Line Material
May
—
States
$0
Jun
19¥a
7
1
common
i
Le Tourneau
~
132
35 ¥4
10 ¥a
Apr
5
100
preferred
B
Convertible
i"o July
Jan
87/a
88%
Jan
Apr
16 ¥4
25
1
Lefcourt Realty common
jun
¥8
100
34
Class
Aug
15 ¥8
5 ¥2
7%
:■
48
200
41%
34
.
9
Stores Products common__25c
Utilities $5.50 pfd
*
Grocery
41
'
Apr
Feb
9
16,900
18
5%
"
25
•
Greenfield Tap & Die
Gulf
«N
7¥a
16 ¥4
200
20
100
1
(N
Bryant 7%
Loblaw
Paper
Northern
Great
37 ¥a
2,100
104
¥a
•
100
stock
common
preferred
1st
15%
"
100
6,900
.
Lakey Foundry & Machine
Lam,son Corp of Delaware
Pacific Tea—
Atlantic &
Great
48
13%
*
preferred
$3
8 ¥2
18¥i
L
11% Mar
4,400
325
46
5%
20 ¥2 July
900
v
J)—
Lake Shore Mines Ltd
Jun
9 ¥4
"V,v
17% Aug
Jan
11%
—
100
10
1:
Co
Brewing
Lackawanna
\
Jun
51 ¥4
10 ¥2
1
•
Mines
class A
¥2 Jan
7
18 ¥4
•
special preferred
H)
(S
Kreuger
113% July
106% May
51 ¥2 Mar
•
Consolidated
Gorham Inc
3,000
30%
51% Aug
Mar
111
!100%
*
preferred
$7
Goldfield
*
Jun
•
class A
B
Class
Aug
10 ¥2
—100
preferred
Langendorf United Bakeries class A
Godchaux Sugars
17%
1
Kresge Dept Stores—
<
4% convertible 1st preferred
Aug
—
16 ¥a
Aug
18
•
10
Inc
Stores
Koppers Co 6%
July
180
113% 113 ¥2
16%
Aug
19
C2%"
—
1
Ltd
(I B)
Kobacker
2% July
100
8¥s
•
89
Jan
27
30 ¥4
•
100
100
100
1
1
Knott Corp common
•
Aug
84
88 ¥2
41 ¥4
♦
Feb
14%
—
*
Emil) Co common
Rubber Co
(D
Kleinert
Aug
l7/a
88%
Klein
5% Aug
Jan
G M Co
Kirlrland Lake
July
3 ¥2
2,300
101 ¥2 101 ¥2 v
82
63
77%
200
—
8
Inc
Kimberly-Clark 6% pfd—
Kings Co Lighting 7% pfd B
5% preferred D
Kingston Products
Kirby Petroleum
1¥» July
8
.
Jan
450
18%
K
Jun
1%
135
1,375
89
48
%
preferred—100
Kansas Gas & Elec 7%
Jan
<
12 ¥2
135
63
8
>
\
—
5Va% pfd—100
100
100
*
Key Co common
100
7 ¥4
•
Gladding McBean & Co
Glen Alden Coal
r
preferred
preferred
Julian & Kokenge Co
Aug
25/a
18%
3 % Aug
18%
—
-
1
1
Engine. Co
Ken-Rad Tube & Lamp A
—
19 ¥4
Jun
18%
—
July
¥2
"5
1%
15 ¥4
17 ¥4 July
Feb
Electric Co Ltd—
General Finance Corp common
400
Jan
10 ¥2
37
400
1%
—
3%
Aug
16
,u
-1
•
7%
47/8 July
70 ¥4
100
preferred
5%
7 ¥4
7 ¥4
-—•
common
preferred
6 %
July
P
G
Power Co
3 ¥4
87%
•
•
Mills
Co
L)
1 J?
Kennedy's
Gatlneau
Apr
*
49
—
1
.
1
Equipment
Jeannette Glass Co
Aug
30
50
49
800
July
600
27 ¥4
16%
16%
5%
16 ¥4
'■
267/a
(Peter)
25 ¥a
3 ¥4
dep
Amer
Feb
3%
56 ¥2
18 ¥2
15
50
—.
Jersey Central Pwr & Lt
of France—
„
rets bearer
——
Brewing new
1.25
riauklin Co Distilling——
*
Froedtert Grain & Malt common
1
Fuller (Geo A) Co
—j
$3 conv stock
4%
convertible preferred
—100
Ford Motor
Fox
Apr
4¥a
22 ¥4
Feb
70
July
56%
voting
B
Class
22%
—
Aug
66 ¥2
Jan
20
¥2.
—
•
Irving Air Chute
Italian Superpower A
Jacobs Aircraft
non-voting
Class A
64
50
V
6
6
Jan
46 ¥4
53%
3
17
:
»■
Royalty
1
Iron Fireman Mfg voting trust ctfs—•
Sep
1.800
63
5%
—
114%
18 ¥8
Investors
25 ¥1 Mar
19 ¥a
Association
Ford Motor Co
.
—
*
10
Razor B
Interstate Power $7
Aug
10
25 ¥4 Mar
Federal Compress
Fire
5 ¥4 May
Mar
42 ¥2
re¬
shs—•
Utilities Corp com
Hosiery
Interstate
Fairchild Camera &
coupon
shares
International Products
F
Fairchiid Engine &
25¥a July
Feb
22 ¥4
—
10
•
Registered
'
Jun
$3.50 preferred
Interstate Home
10%
Jan
13% July
Il¥a July
8 ¥2
47%
International
10%
13% July
Apr
.
Jan
1.400
37%
—
Warrants
International Petroleum
July
■31%
50
Apr
11
►
,
53
series
700
■;•/:,
7
"
Metal Industries A
27 ¥2
_1
10%
106
—50
•
International Minerals and Chemicals—
$3.50
Preferred
International
350
40%
100
Hydro Electric—
50%
,10c
1,300
;
100
preferred
7%
»•
of North America
Cigar Machine
49 %
120
12
12
3%
Industrial Finance v t c common
July
100
13 ¥4
125
/
July
150
:
High
Low
ll¥s
12
12
100
1
preferred
7 %
1% Mar
11
Range since Jannary 1
9
11%
•
•
8
A;.;,
Indianapolis P & L 5¥i% preferred-100
Indiana Service 6% preferred
100
Aug
13 ¥4
17
Pipe Line common—
Jan
Shares
Blah
Low
£1
Ireland
Sep
93
121
Eversharp Inc common—
11%
92
*
Esquire Inc—
Eureka
93 ¥2 Mar
„
93
.100
common
convertible preferred—»—
Jun
83%
64.800
stock ills
Equity Corp
July
16
11%
4
Electric Mfg————~
District Electric 6% pfd—
Empire Power participating
Emsco Derrick & Equipment
Jan
Imperial Oil (Can) coupon
Registered
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain
Sales
for Week
Range
of Prices
Par
Feb
9 ¥4
Jan
5
14% May
7% Jan
11%
~
Emerson
Empire
800
-50
preferred—
conv
35%
375
8%
-10
common
5 % %
41%
8%
48 ¥4
11%
*
Co
39%
41
Stores
Ills
Electric Bond & Share common.
•
$5 preferred—
•
$6
preferred
Electric Power & Light 2d pfd A—
Option
warrants
1
Electrographic Corp—;—
—15
Elain National Watch Co
—
Elio.tt
¥a
:'87/»
Machine B
Washing
Economy Grocery
Last
Sale Priee
High
Low
Week's
Friday
Exchange
New York Curb
Range since January 1
High
Sugar Associates—
preferred v t c
$5
Easy
Low
I
1
8TOCK8
Shares
of Pricee
Sale Price
Par
Eastern
SEPTEMBER
ENDING
for Week
Curb Exchange
New York
WEEK
FOR
Sales
Service common
Voehringer common
•
•
100
„
_
2¥8
2¥4
27/a
1,500
1% Mar
2
61
37i
Aug
65
May
Jan
105
July
109 ¥2
60 ¥a
Mar
9 7 ¥2
60%
100
Jan
115
52
8 ¥2
•
2.50
3¥a July
26%
24
267/a
3,200
14
Aug
Jan
11 ¥2
Jan
26¥a Aug
July
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4313
160
1007,
NEW YORK CURB EXCHANGE
RANGE
■
STOCKS
New
Sale Price
Molybdenum
Monogram
Pictures
common
Moody
Heat & Power
Investors
pld
partic
Low
10
1.300
8% Mar
3%
4
3,800
2%. Feb
2%
2%
i,6oo
1%
12
July
«
Postage Meter
8
Pittsburgh
Pittsburgh & Lake Erie
^
•'
'
7
July
May
-
.v.
Aug
Metallurgical
Pittsburgh Plate Glass.
Pleasant Valley Wine Co
60
'•••18%
18%
600
15%
Apr
19
36%
36%
100
28 %
Feb
37% Aug
Plough
Jan
10%
Pneumatic
178% July
■:
-
Jun
Inc
Low
Mountain
Producers
Mountain
States
Power
6%
1%
6%
6%
5%
Scale
11
Jan
95
Jan
1;
;V
—
—
X
.
'
7
Feb
18
Powdrell
Apr
18
100
13%
Jan
18'A Aug
Pratt
14%
,18
14%
127
136% July
150
11%
Jan
14%
Premier
6%
Jan
10% Mar
Jan
80
T
'*',14%
'
'
__
.—;■
/•';/.
■/;■;*
;•
64
Jan
13%
Aug
17
May
13%
Feb
15
Mar
4%
13%
3%
3.200
'
10
Sep
National
7ft
•
Bellas
Hess
preferred
National
1
common
Mar
Machinery
Ltd
Car
Tea
preferred
Oil
preferred
England
Haven
Apr
12% July
13%
12
13%
600
11%
11%
400
24%
24%
300
50
7
11%
10
& Lambert
Inc
Metals
Pressed
9%
Tel
8%
11%
Jun
800
13%
Jan
3%
New
Jersey Zinc
New Mexico
112%
20
May
114
88
9%
100
4%
8%
300
6% May
9
July
5%
9
Feb
6%
63%
6%
62%
A—
63% /
3
300
105% 109
12%
Apr
Jan
63% Aug
Feb
21
104
230
Aug
109%
Apr
Jun
13% July
18% Mar
200
Jan
20% July
64% July
900
19'A
7%
Jan
6%
19%
__
60%
60%
54
700
60%
2% /••
2%
Apr
2%
300
3%
Jan
Feb
'
•
Auction
N
Y
City Omnibus warrants
N
Y
&
N
N
Y
N
Y
N
10
Merchandise—
X4
4
■
35
••"-•;
7' x4
3%
300
Mar
35
Mar
4%
Jan
July
8%
25
7%
Jan
10% Mar
28%
8%
.28
28%
150
21%
Jan
30
Jun
14 %
Apr
11%
Jan
112%
Jan
102
Jan
106% July
13
Jan
17% Mar
140
109
May
111
Jan
70%
490
60
May
75
Jan
3%
22,300
2%
Apr
3% Jan
1,200
74%
Feb
83'A Jan
•
-•■<*
...
preferred—100
10
116% 116%
•
—
V
:
117
Jun
Shipbuilding Corp—
Y State Electric & Gas $5.10
Y
Water Service
5ft
1st
'5ft
2d
6%
pfd_100
pfd
100
10
:
preferred
;
Class
A
B
65%
70
82%
3 Vs.
3%
81%
83
69%
72%
optional warrants
Class
73
optional warrants—.*
A
250
1/128 1/128
3,400
6
5
•
-
%
Apr
-Pe Mar
200
5%
Jan
6% July
Jan
107% Aug
3,900
7
■
105
5
Noma
Mines
Electric
1
of
America
Jan
1,200
1%
Jan
1%
1
1,100
%
11.4
Jan
300
114
•
American
Northern
103
11% Aug
1%
Nevada
120
Jan
Apr
1
7ft
Public Service 6ft
Novadel-Agene
"1%
1%
pfd_100
%
25
11%
10%
1% Aug
5%
Apr
7
1,700
14
14%
25%
12
87
Jan
.
Aug
26
104
Jan
108
Mar
80
115% 115%
14
Jan
Jan
30
107% 107%
107%
•
Corp
Jan
Jan
87
11%
100
class A
Power
July
54% Mar
4%
300
50
preferred
Northern States
37
Jan
52% Mar
5
North Penn RR Co
37% July
28
100
113
July
116
Mar
500
23
Jun
15% July
Jan
7%
4,700
27% Mar
O
;
Ogden Corp common
Ohio
.
Brass
Co
4
class
B
Public
6ft
300
18%
Natural Gas
Feb
24% July
Jan
110
110
.30
107 % July
112%
116-
116
10
112
Feb
116
Jan
117
Aug
July
Jan
113
Jun
100
1st pfd
115% 115%
10
115
100
7ft
Service
4%
<
22
*
1st preferred
Oklahoma
i
22%
3% May
2.300
*
100
Edison $6 preferred.:
Ohio Power 4%ft preferred
Ohio
4%
4%
109
109 %
150
108
15
common
26
27
27
;,
Feb
18%
7ft
100
100
1st preferred
1st preferred
$5 prior preferred
Pyle-National Co common
Pyrene Manufacturing
Quaker Oats common
6ft
Quebec
5 '/a ft
1st
preferred
37% -37%
-23
Pacific Power
Pacific
& Light
Public
7ft
108
.100
pfd
34%
34
Pacific Lighting $5 preferred
A 108 1
107
107
400
Paramount
Motors
Parker Pen
Patchogue
Jan
109% May
60
Jan
7%
8%
7.800
18%
18%
400
32%
96%
107'
6
Jan
5
Aug
Feb
20% May
—1
45
45
48
60
Peninsular
82
Mar
Apr
9
Jan
6'%
Voting
10
common
Rochester Gas & Elec 6ft
Petroleum
.
9
Penn
Power
&
$6
Light $7 preferred
preferred
Penn
Salt
St
St
Traffic
Penn
Water &
Pepperell
Co
50
Co
Sanford
Power Co
Mfg
■
Co
100
-
Perfect Circle Co
65
Shattuck
Mining
Denn
Shawinigrm Water & Power
Sherwin-Williams common
pfd series AAA
of Canada
cum
Breweries
Co
Silex
Ltd
convertible
$3
Philadelphia Co
Phila
.1
Sonotone
Co
Manufacturing common
July
South
Coast Corp
Jan
South
Penn
5%
Jun
Southwest
38
74% July
45
Co
Corp
33%
Southern
common
Oil
Line
Pipe
Pa
20
90
Jan
104% Aug
25
160
Jan
175
Mar
61%
Apr
125
Jan
Jan
7
Jan
3%
68
152%
36
Aug
Jun
Southern
7ft
Colorado
Power
Packing
Securities
Governor
Pioneer
For
Gold
10%
New
Southern
Phosphate
Sep
Southern
Pipe
Southland
500
8% May
9%
Sep
11% Aug
33%
Jan
I' 8
1.000
5%
Apr
8
July
35
33%
35
4.300
22%
Jan
35
Sep
17
200
12%
Jan
18% July
10,600
1%
.25
II
common
common
footnotes
11%
10%
2.900
29%
I
Ltd
see
page
1009.
1
3%
3A
29%
'
17%
3%
50
1,300
2 V* May
4% July
11
5% July
Jan
16%
Jan
Aug
900
%
Jan
1'/a July
107% 108%
60
105%
Jan
108'A Aug
Aug
15%
Feb
14 Vs
14%
100
10%
Jan
14'/8
Aug
2%
2%
200
2%
Feb
il
1
12
5
3% July
~3%
Aug
Jan
19
Mar
16%
Aug
18
Jan
Jan
10
May
500
3%
Jan
7,800
8
18%
~3%
*
•
8
.'.17%
8
7%
18'A
200
-I-
7%
18%
Apr
"
i-
w—
1
'•
4% May
1
"
4%
Jan
.7% Aug,
'
800
4%
"1%
Jan
2%
3%
Mar
11% May
6%
5%
6%
15,400
8%
8%
8%
2,000
5%
5%
5%
1,200
Co
Line
Royalty
Co
29
Jun
Jan
3% Aug
1st
(A G) & Bros
preferred—
18%
3%
4% Aug
18%
A
100
Stahl-Meyer
Standard Brewing Co
July
6% July
10% July
14
Jan
6% July
Jan
2%
46'A July
Feb
Jan
2% July
19
July
3% May
66,600
3'A
3
3% July
15
1%
Jan
50%
Jan
75
27%
Jan
35% Aug
Feb
93% July
Jun
72%
71%
75
34
33 %
34
1,425
1,300
86
85
86
230
10
10%
400
9%
Jan
200
2%
Apr
3%
Jun
40
Jan
48%
Jun
3
3
64
12'/a Mar
7,700
1
Jan
2% July
10%
2,100
6%
Jan
11% July
Feb
22
"1% T%
700
%
Apr
10
10 %
2oU
6%
Feb
10%
Aug
78
80
400
67
Jan
81 %
Aug
80%
15U
69
Jan
80 %
Aug
%
10%
"i%
~2%
16%
2%
\i
2%
10
111% 111%
6
Aug
10% July
Apr
2%
Feb
3%
13%
91 %
Apr
Feb
104
20
110%
Apr
115%
Apr
Jan
Aug
Feb
12
Feb
15% July
21
Aug
21
Aug
Jan
14%
14%
25
3%
3%
3%
100
13'A
Jun
16
26
14%
J
100
Jan
32
Jun
Jan
4
July
Apr
275
2%
229
4%
£1
4%
700
2%
Feb
Jan
108
100
•
12% Mar
4%
111
16%;
Jan
Aug
Jan
Jun
4% July
4%
4
4%
2,600
2%
Jan
5%
—1
1
1
1
1
25
10
5%
5%
700
3%
Jan
6% Mar
Feb
3%
Apr
Aug
2%
2%
2%
1,200
2%
8%
7%
8%
1,100
4%
Jan
8%
2%
Jan
3% Mar
■40
Apr
45% July
28
Mar
43 %
43
600
31
July
Mar
43%
Aug
29%
Apr
32 %
29 %
Jan
31%
37
28
25
23
Aug
Feb
July
1%
600
6%
6%
9%
-
9%
200
300
Jan
Jan
77
July
121
1%
2
67
1%
class A—25
July
130
Jan
1%
5%
Jun
.8%
Jan
9% Mar
8%
1
T
400
5%
100
3/„
5
4%
U
5
13,500
1,600
1%
400
9% Aug
13
45
Jan
Feb
1% July
%
Jan
A Feb
5% JuiY
4% Jul-'
1%
.
Julyr
9% Jun
1 % July
3% May
;
6% July
% Mar
2%
"1% ~1%
Apr
Jan
40
1
2.78
Jan
6%
1,100
12
—*
*
•
•
1% July
100
102
102
July
1% Mar
Jan
600
::
•
10
10
5
%
700
3%
Amer dep rets ord regis
Corp
Inc
8% Aug
1%
Spanish & General Corp—
Amer dep rets crd bearer
Spencer Shoe
4% May
32
England Telephone—100
Aug
17%
pfd
Co
Mines
9%
1% Mar
4 %
100
preferred
Southern
Mar
7%
Electric Power 5ft
Phillips
Phoenix
Pierce
•
common
8%
il May
4
California Edison—
original preferred
preferred B
5%% preferred series C
107% 107%
>
31
9%
%
100
July
Spalding
Pharis Tire & Rubber
700
•
preferred
Pattern common
Singer Manufacturing Co
Singer Manufacturing Co Ltd—
Amer ^dep rets ord regis
Sioux City Gas & Elec 7ft
pfd
Smith (Howard)
Paper Mills
Mar
•
—
common
Simplicity
107% Aug
125
16%
8immons-Boardman Publications—
Jan
400
16
3%
79%
stock
$5.50 prior
94%
65
13 V* July
50
18,300
Allotment certificates
80
152%
26% July
21% July
11% Jan
300
5%
1
5
25
Convertible stock
6ft
64%
Mar
12%
*
*
Co
Shoe
Selected Industries Inc common
57o
150
26%
12%'
common—
50
2% Mar
152%
Jan
5
Co
Co
Selby
July
•
2%
26
•
Schulte (D A) common
1
Convertible preferred
25
Scovill Manufacturing
25
Scranton Spring Brook Water Service—
$6 preferred
*
Scullin Steel Co common
*
Securities Corp General
1
Seeman Bros Inc
*
Segal Lock & Hardware
1
2% Aug
175
Apr
1
1
*
Mills
Oil
Savoy
Schiff
Jan
175
1%
%
United Corp common
Samson
%
2.50
2,000
•
50
$2 conv pref
A
Regis Paper common
Dome Oil Co
104% 104%
107%
2%
—1
Lawrence Corp Ltd
Class
Jan
43
•
Mfg
Penn
•
Jun
2
•
1.400
%*
44 %
1
Aeronautical Co
Consolidated Petroleu.n
Ryersbn & Haynes common
2%
2
Jan
48
10
5
Ryan
32
1
•
com
Sep
12%
5%
Ryan
Aircraft
Jan
A
52
6.500
r
•
Manufacturing
64%
Elec class
Aug
52
43%
2%
Russeks Fifth Ave
Solar
Jan
Gas &
23
Jan
52
*
Royalite Oil Co Ltd
Solar
Jan
Penn
Aug
42% July
July
15%
5,100
39%
2%
5
5
1
20
preferred
Jun
Aug
5.000
1%
i7<s Jan
40
'
Jan
July
52
100
pfd D
Co
$1.20 convertible
'
1%
16
1
1
Roosevelt Field Inc
Root
200
1%
23
%
common
May
4%
'5%
Jan
*
Pendleton Inc
Cable Corp
34
34%
5%
Apr
4,200
43%
1
Aviation
Rice Stix Dry Goods
Richfield Oil Corp. warrants
Richmond
Radiator
Rio Grande Valley Gas Co v t C
Republic
Rome
1%
w•'
21%
22%
1
*
5
Roller Bit Co
Reliance Electric & Engineering
22
28%
5%
"l
1
10
•
•
Manufacturing common—50o
Raytheon
Red Bank Oil Co
Reed
1%
i%
Packing Co. common
Raymond Concrete Pile common
$3 convertible preferred
Rath
Jan
*
common
A
1%
12%
May
11% July
Jan
Light Securities
Jan
25
Telephone
preferred
157
Apr
10%
*
16%
Corp common
-1
Pennsylvania Edison Co $5 series pfd_*
$2.80 series preferred
•
$1.40
Aug
May
85% July
Jan
149
10
151
151
71%
100
82%
81%
.100
Railway & Utility Investment A
Boss
Pennroad
13% July
:—
preferred
Power Co
24
-10
Mills
Jan
Feb
6% Mar
__1
Corp
Plymouth
Jun
July
19
& Reel
Rig
381
80
Co
Parkersburg
15%
Jan
7 Jan
106% Mar
u.
Pantepec Oil of Venezuela Am shs_.
Jan
8%
—
—
--
5
•
25
100
70
400
$1.30 1st preferred
Page-Hersey Tubes common
UV* July
3%r
35% July
Service.
17
Jan
R
Sick's
13
35
common
_25
Jan
11
Radio-Keith-Orpheum option warrants-
5%
1st pfd
Jan
11%
10
Sherwin-Williams
Co
93%
100
9%
July
Can
104%
Jun
July
200
3%
9 %
Pacific Gas & Elec 6ft
14 y8
15%
15%
9
Jan
Pacific
118
Jan
Aug
103 % 104%
-•
5
Puget Sound Pulp & Timber
Jan
Aug
110
10%
3.000
14
Apr
114'/8
—
—
—
13%
13%
10
*
Common
3%
6%
150
8V8
108
Puget Sound Power & Light—
9%
Sep
9%
10% Aug
7% Mar
__
*
9%
8%
Apr
—
Seton Leather common
Feb
>
6%
—
7% Mar
Aug
8
9%
Aug
% Mar
100
27% Aug
Jan
6
1
1
Jun
10%
Jan
Jan
8'/a
8%
1
1
•
Securities
48%
s7a
;v
Safety Control
Serrick Corp class B
Oliver United Filters B
Overseas
Ii9e July
Jan
Jan
6%
"
1.200
43
'
3,000
%
ft'
—
700
Sentry
Omar Inc
•
:
of Colorado—
Seiberling Rubber common
■7
•
common
Ohio
)
4%
:
•
13
6,700
io %:
9%
10%
•
6ft
Jun
27% May
100
•
Oil
Texas
Northeast Airlines
Nor Indiana
35%
35%
50
Utility Securities
Central
35%
35%
1%
Feb
2%
Jan
4%
•
prior preferred
North
July
250
33
'
1
1
.
Salt
6ft
34
li'e
14% July
3,900
2
9%
North Amer Light & Power common—1
$6 preferred
•
North American Rayon class A
Class B common
Jan
32%
•
11% July
10%
2
10%
Jan
9 %
10%
1
Nipissing
Jan
700
•
Nineteen Hundred Corp B
A
12%
xll%
11%
Jan
77
May
%
/
100
preferred
Niles-Bement-Pond
65
1/128 Feb
6%
3*
Niagara Share class B common
Class
109
109
100
100
Power common
preferred
26%
•
Gas
Roeser &
1
shares
Niagara Hudson
7
•
10
Light 7ft
'
'
—
8%
Rosario
preferred
Founders
N
common
Honduras
Y Power &
$6
'
Co
July
"
.
common
Corp of
Railway &
47%
'
12%
Jan
"
Y
7
10% Aug
Jun
18
600
■
•
N
Jan
July
Jan
8%
8%
8%
1
Land
Jan
5%
Jan
Apr
8%
108%
25
'
& Arizona
New Process Co common—:
5%
100
29% Mar
Jan
110
Sep
2% Aug
7% July
85%
"12%
*
common
100
5%
9% July
Jan
1%
'
New Idea Inc
9%
5%
July
Jan
50
1,000
26
112
•
Co
9%
25% July
3,400
6
Jun
9%
15% July
Feb
2%
9%
2%
5"%
100
Tel__.
&
Clock
12
Apr
Apr
18%
13%
9%
13
•
4
7% July
4%
3%
1
Co
Gold Mining
Prentice-Hall
J an
13% July
12
•
'
•
100
Jan
Jan
4%
•
5
Corp
preferred
New
14% May
100
preferred
New
Feb
11%
37
•
Co
England Power Associates
Oft
44% Mar
12 F
6,600
30o
Nestle Le Mur Co class A
$2
Jan
500
12%
2%
Neptune Meter class A
New
35
13%
12%
13%
1st pfd
(Herman)
Jan
12%
1
Radio
Nebraska Power 7%
Nelson
35
12%
12.50
National Tunnel & Mines common
Nehi Corp
32% Aug
12%
•
10
National Transit
Navarro
2% July
Feb
Jan
1%
*
National
5%ft
'
37
Jan
28
•
*
•
common
Sugar Refining—
Union
20
•
common
National
National
6,100
35
*
National Mfg & Stores
National Refining
Rubber
2%
32%
Xl7% Aug
Jan
50c
Candy Co
National Steel
2%
32%
14%
25
National City Lines common
National Fuel Gas
National
2%
•
common
-
2
3%
5
Canada
Power Corp of
Public Service
300
Jun
25c
Alexander
&
Providence
17% Xl7%
Jun
5%
3 %
100
4%
13%
common
13% July
121%
100
1
Prosperity Co class B
National Breweries
Jun
300
800
—7.50
Polaris Mining Co
Producers
Corp
63
11%
490
Jun
6% July
21% July
Jan
N
Nachman
Aug
Jan
117% 118%
118%
100
'
•
2%
•
100
—
Jun
2
1 % Jan
1,300
Apr
55%
62
>
'
—
common
preferred
1,700
v!
■
Ohio Mfg Co
Co
1%
6Va
100
Muskegon Piston Ring
Muskogee
9
V
--1%
■
common.:
Mountain States Tel & Tel
Murray
•>
—C'-
5o
——,—10
Mountain City Copper common
Jun
37,%
42%
1.100
'
Mtge Bank of Col Am shs
9%
42%
59%
62
10
common
High
Jan
7
8%
11%
25
175'A
Range since January 1
HUih
42%
50
-
165
'
-
175
Shares
8%
II—50
& L E RR
Pitts Bess
for Week
of Prices
Loto
Par
Pitney-Bowes
Sales
Range
Last
Sale Price
4% Aug
2% Aug
Feb
Week's
Friday
Exchange
High
9%
,
Curb
Range since January 1
3%
•
•
•
Ward A
Montreal Light
/.
•
1
York
New
Shares
2 >/4
•
SEPTEMBER
STOCKS
High
10
Utilities
Dakota
Montana
io
1
Monroe Loan Society A_—_—*
Montgomery
Low
1
1
Corp
ENDING
for Week
of Prices
Par
WEEK
Sales
Range
Last
Exchange
Curb
York
FOR
•
.
Week's
Friday
Apr
Monday, September 4, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
1008
NEW YORK CURB EXCHANGE
RANGE
V,»«t
Exchange
New York Curb
Sale Pries
13
25%
10
Convertible preferred,
25% ' 25%
Preferred
—
J
Stein
%
«»
builivan
% July
Woodley Petroleum
Wool worth (F W) Ltd
Apr
54
i (
)
Jan
500
97
Aug
% May
"
2%
2%
2%
2%
274
1% Apr
7800
-fa July
2% July
*
H Feb
8%
12
:
11%
5%
f
1%
2%:
•
8
*
'•2%
62
2%
12%
450
21%
22%'
17%
17%
17%
Jan '
0'
1.100
12'4
900
Machinery.
6
1%
'l:
8%'Feb'
% Feb
125"
ll'A Aug
-17* May"
2.100
12%
100
New Yerk
■
Jan
15 y2
11
9% Apr
Textron Inc
———
Tilo
Co common
Realty ft Construction..
Product
60
6
Mar
.150
40
■
Amer
Amer
''
s
I debs—
■'}.
60
Jun
3% Feb
i
'
Jan
'■). 4% Jun
;
i >
preferred-—
.
—
Tonopah Mining of Nevada—..
Trans Lux Corp
————.
Trans western Oil Co.
109
-.10
•
109
'
Feb
...1
113%
1%
1
3%
:
23
106
July
Apr
3.800
1%
1%
,
Feb
113
30
130
80
July
109% Feb
>
'
115
j
Jan
;
900
-
4
21%
12% July
1% July
Jan
58
60
113
.100
7%
9%
1%
71
>U Jan'
■'4*
3
-May'
18%
2.500
23;'
7'1% Aug
4% July
24% Jun
'
Jan ','i
■
Tri-Cootlnental
warrants—.—
1,700
!■/■}
-
-
9% Mar •' •;
"7% "7%
_•
800
125%
1
Tung-Sol Lamp Works^
80c convertible preferred
200
12%
10% July
4
Inc.—_
Trunz
,
1% Mar
U Mar
9% July
13% July
Jan
.
10% Jan
•
Elec
Associated
6s_
.
deb
AConv
A Copy
4%
4%
4%
6%
6%
900
2%
100
1,600
7,
,
A-0
1977
1955
:_1964
■ >>■:
1947
M-S
>'
Bethlehem Steel 6s
-
9%
lO^i
10%
25%
,25
2,400
300
14 V2
2 ;
••?%;
23,300
2%
87%
89
17%
88, «
17%
,
17%
%
Jan
4,500
r;/790
80%) Jan
,'-.'
65% Aug
--:2Va Mar
r
:'7 95
17% July
Jun
18%
Jun
A
Feb
"
United
warrants
corp
%
—
>
% May
United Elastic Corp____.__.__—.....*
16
1%
——1
1st $7 preferred non-voting—
•
Option warrants
......
United Light ft Power common A..
*
United Gas Corp common
class
Common
115
"l%
;
115
1,000
%
ft
1,000
4,300
V2
8,800
%
%
%
xll4
>•
—*
—
61
61
5,800
J".
—•
90
—
Jan
100
iVe
1%
1%
800
29
73%
73%
74 V4
350
29
'+.'1
44%
20
Sharing——25o
preferred—
10
United Prolit
10%
United Shoe Machinery common
Preferred
.......
—
& Jan
63% Mar
U S Foil Co class B_,
U
S
Graphite common;
U S and International
1%
88
1
common
Reclaiming
45 y» Aug
8%
800
80O
5% Jan
"l%
100
88
125
% Apr
78% Jan
1%
87
3%
77
47/« Mar
7%
3%
3% 7
•
2%
2%
300
900
n
%
1,800
3%
4;:
7,500
—
7% Aug
77 Tb July
Jun
42
900
9% July
United
Wall
Paper
u
2
—.;
...
4
=
r
Universal Consolidated Oil
10
13%
13%
•
13 y4
13 J/4
11
4%
4%
600
Class.
;
B
—•
Universal Insurance
Universal
Pictures
4%
:
20
.1
21
21%
1,500
2%
700
2%
Utah'..Radio Products..
i,u'>
> ''■
.
.
:V -■
,•
u,
56 3,4
56%
175
1
2%
56
81/4
7%
2
10c
200
2 > v''
83
83
26
28 %
61
Jan
1%.
1 .7
2% July
'A
7,''::
Yalspar Corp common.-..—....
,m. convertiole preferred—i—
3
9
42
*'.
42
1
"
.
stpd
Green Mountain Pow
3%
10%
10
Manufacturing..™,
3%
900
70
V
•'
10%
lVa Feb
1,900
•
8Va
.
8
.
1.
Co
'
■
Wagner Baking votiiig trust ctfs
7%
preferred;.
'
•
T~
Wayne, Knitting, Mills
Vehtworth Manufacturing
"•
;
■
series
6s
98%
*,
25
5%
.4
3% July
B
;
Indiana
Indiana
1st lien ft ref 5s
2
22%
5%
300
11
98%.
7% Feb
JP
Western Maryland Ry 11%
Western Tablet ft Stationery
com
Westmoreland Coal
—.
Westmoreland Inc
""
Wevenbersr Shoe Mfg__
Wichita River Oil
Corp
For
footnotes
see
page
_
100
25
700
*
5%
1,300
II
1009:
Jan
334 Jan
108
.
Apr
9%
9%
1,700
5%
10%
1,600
7% Apr
84
II
21%
21%
25%
A6%s
A7s
A 7s
.
E
1941
(Aug
series
—i—1970
25%
Jan
'
Superpower
—1965j
1965
0s
3%s—
"8% ~9%
-
.
101%
103%
98%
23
103%'
*8
100
104%
9
101
104
113
"
104%
$106% 107%"
103
108%
103 %
107%
102%
102%
108%
.
102%
68%
68%:,.
$99
64%
75
:> 1
106%
111
102
105
•r4
102 77
105ft
104%
107%
103%
106%
102%
107% 107%
104%
$103% 104%
; 104
104
-
'
104% 104%
106%
100%
9
2
106 Yb 106 Vb-
$104
104%
20
> 100% 101
101%
%r
93%
101
16
99% 100%
93
101%
106%
M-N
p *
Jun
25
Aug
10% July
11% Aug
138
July
109
series
21%
33
32
:
1
25
35
31%
31%
31%
5
23
33%
$33
J-J
15
25
36
v
35 ;
33
31%
31%
31%
16
22%
J-J
95%
95
95%
36
88%
J-J
68%
68
69%
30
J-J
M-8
35
33%
35.
30
28%
36
27
106%
109
106 Va
4
.,
>
107% 107%
60
96
77%
120
M-S
$121
123
J-J
$111
114
-
-J-J
$107% 108%
A-0
,ti07>'T08%
112%
107
$107% 108% >
107%
122
111
J-D
1st
ft
-
109%
M-N
1963
Amsterdam
New
Jan
11
New England
8
Feb
Id*
deb
104%
105%
110 V*
3
'
105% 106%
:,100V8 100 VB
_1
;
1957
1945
;':;'66"
67
M-tl
100
103%
>
j-d
-
103
103%
J-D
>:
J-J
f-a
,
"
.....
"103%
$104% 105
■
102% 102%
•
T
—
1087
,102% 104%
100?V 101%
3
-
103-- 106-
104%
—
71
->
101 y4101%
101%
' -
168-
111
1981
Gas
5s
:
El Assn 5s
J-D
109
"109
109
7
M-S
118
118
118
1
116
120
110% 110%
4
110%
113
35
72%
1948
.1947
J-J
M-S
5s
—1950
M-N
Power
3%s
Power Assn 5s>4j
Debenture 5%s
1961
88%
84%
84%
85%
84%
85%
10
72%
88%
84%
83%
84%
29
72%
88%
"
England
110
62%
69%
J06% 108%
''*"'",>4
67'~
:$106% 107%
J-D
Conv
1
8
105% 105%
106%
108%
104V*
2022
New Eng Gas ft
20% Aug
:7
A-O
1955
—
A
Jan
M-N
99%
9
102%
102
0- >102%
> •105%
J-J
—1978
Nebraska Power 4%s_
New
•
106
—:
,
'
ref 5s
series
■;
1945
—;
Mississippi P & L 5s___Nassau & Suffolk Ltg 5s_.
68
F-A
-
.-.—-1965
Minnesota P & L 4%s_
21% Aug
28% May
Jan
•33%
31
32
F-A
1-1970
G_—
Jan
Aug
25
3
33%
30
31
1969
3%S
Middle States Petrol 6%s
18% Mar
*
33%
J-D
Milwaukee Gas Light 4%S—1967
.
t,108% 108%
'
23
800
104
$104
F-A
-1966
Kansas Gas ft Electric 6s
8%
~9%.
100%
61
2022
Electric Power 3%s
100
j
106%
97%
111% 111%
/•jJ
...—1952
F—_—
(July ,1941 coupon)—,—1952
Power 5s._
_1_—1957
Debenture
6s
"
1952
A7s
400
'
103
101
101% 103
101%
A-O
M-S
M-N
Interstate
98% Aug
5% July
111% July
Jan
7
J-D
.1955
1955
1957
coupon)———1957
Midland Valley RR—
Extended at 4% to.
2% July
.
-
1941 coup)
1
(Dec
series
A7s
C
series
A6%s
16
"20
__io
15
29
'
J103% 104
A-0
20%
/*
Feb
10%
"in
•"""
1%
9%
'
•
94,%,May
11 % July
.14% Jan,
"2
10%
—"""I 1
1st pfdl.100
4% Aug
.
1
TOO;^ 100%
$i03<%'77£>?
\l' 109%,,'
A-O
Kentucky Utilities 4s
May
1?4%
106%
104% 104%
J-D
——1963
—
11% Apr
15% July
3
104 Vb
123
102%
J-J
4
1953
B—1957
Hydro-Elec 5s
.1958
Service 5s—,
1950
Feb
Feb
700
101%
11
130
Power ft Light Corp—
Kansas Power ft Light
'
•
5
*!
101%
F-A
1958
Superior Dist Pow 3%S—:
-I860
McCord Radiator ft Mfg->
*
6s stamped
——.—1948
Metropolitan Edison 4s E
—1971
4%
99%
93%
35
'
4s
fr >■'
.
——l 28
WVst Va Coal ft Coke
Western Air Lines Inc
.
11
-
~~JJ
West 'Texas utility $6 preferred—
•-
41/4
11 >
4'j
„
■■
_
1
ext."*
'
Waitt & Bond cle w A—
*
'Class B-;
'
;
4%
104%
101
7
J-D
-Jan 1949
Hygrade Food 6s ser A
Illinois
48% July
•> '
w
Waco Aircraft
125 7
99
90%
102% 102%
M-S
Lake
"
119
6
25
103% 103%
t!24
J-J
J,——1968
Jan 1949
Houston Lt ft Pwr 3%s
Jah
27
102%
1953
Grocery Store Prod 6s__
Quantanamo & West 6s
Kansas
45 7
99%
(:
7; 102%:'104
108
:
100% 101%
103%
M-S
.1950
^—1950
1963
West 4s_
Jersey Cent Pow ft Lt
2%
•
119
111
,105% 108 *
^H> 5
"
103% 104
M-N
f-i-
4%s series A—;_1941
§AGobel (Adolf)
Altallan
—1
Petroleums.
■
Vogt
M-S
—
.
Y >,:■
Venezuelan
—1954
——1965
Great Nor Power 5s
Feb
83% Jun
v
f "109 '
2
7>
121%
>121
101%
A
Coal 4s
Grand Trunk
8% July
Feb
103
99
M-S
F-A
M-S
„„
1952
...
3%s
Power
Alden
Glen
July
74J/a Jan
__I""7.116%
103
;..ly,,|£(?.vl96g ->-7 A-C
General Pub Serv 5s—_.j^lu4,il953 ^ J-J AGeneral Rayon Co 6s ser A__
1948 ;
J-D
Georgia Power ft Light 5s
^.1978 ; > /-D
3% July
>; »
"
District El 5s
Gattneau
Mar
Jan
4
y
.79
101% 104 v':
5 International Power Sec—
Jan
51% Jan
25
,
5s
22% Aug
2% Jan
:
3,100
8%
2
„1.
& Light
Power
Indianapolis P ft L 3%s
18%
—
—
100%
62%
—
1106% 107% *7
J-D
Water Lt ft RR 5s__—^—1956
13% July
4% July
,
Feb
>
July
20%
Universal Products Co.
.*
Utah-Idaho Sugar....
9
Utah Power & Light $7 preferred-—•
JJ-tility Equities common—
$5.50, priority, stock—.—.
Jan
104%;'
El .no-■-in'%
121%
Federal Water Service 5%s
14% May
1% Jan
10
common
7
4
Feb
103%:
102% 103% >
.104%
.754%.
,104%, 105
7
; 2
99% 104%
rilO If 798% 106
.'7 29 ;r7 97% 104%
98%; 104%
103
r
:
1
;
'
102%
.,.102
104
1st ft ref 5%s series
12
__
F-A
1st ft ref 6s series A.
Jan
71.
tm
A-0
1956
—2030
Eastern Gas ft Fuel 4s ser A
Electric
4% July
A Apr
__
'
' J-D
J-D
J-J
■
70%
102% 102% '
M-N
1944
2% Aug
% Jun
2%
100
'
__
_1958
Cuban Tobacco 5s—...
1% Jan
,
.
,
tl04% 106
—1954
4%s
Gen mtge
2%. Jan
:
100
Universal Cooler class A—
July
July
1% Jun
91% Jun
"
United Stores common—...——
r
—
37
98
76
'
8
1
Feb
9
.*
Rubber
July
13/b Aug
Feb
7%
7%
..*
U S Radiator
265
Jan
69
9
—
Securities
preferred with warrants
$5 1st
US
1
...
%
6% July
>■
Jun
8V4
United Specialties common...—.——.!
M-S
J-D
M-S
Continental Gas ft El 5s
Empire
39 % Jun
93
Apr
.,
6% Mar
44
70%
'
133;
"2
100% 100% :■>
v
Consolidated Gas (Bait City)—
ft Jan
Feb
263
'
rV99% T03%
2; 7 105%' 107
36%
53%
'48;
720'
•>•
53%
52%
53%
100%
7
7,A-0
Elmira
United Molasses Co Ltd-—
Atner dep rets ord regis.—.—.
/United NJ RR & Canal
103%
103'.2
% Mar
Feb
4
Mar
121%
Apr
_
1047/b
July
3
-
May
A Mar
% Feb
33%
:
participating preferred;.—
$3
60%
18
Vk Jun
50% Jun
'
1st, preferred
SB
United Milk Products......
Feb
!% Apr
10,400
115%
ft
"
•
B
"l%
101%
7:101%
..1969
ft Pr 7s A—.
1951
Lt & p* (Bait)—
,3%s Series N.
.—1971
1st ref mtge 3s ser P—.—1969
1st ref mtge 2%s ser Q
..1976
*
1% Feb
300
A
,
Jan
59'
>
11% Aug
25% Aug
•
:
10
"..9
A-O
5s
7105%; 108
"7 *
>,102%
103 %
Debenture
120%.
'150,.
150
,
M-8
J-J
115%
119 T
!
J107 " 110
M-N
1955
:
Consol Gas El
>.,.7 7% Jun ;
--
•
__
.
J-D
> J-J
Connecticut Lt
Feb
7 113%
- *
■
J155 * • 180"*"""'
101%
F-A
68% July
'
'
7101% 101%;-:;
; 102% 102%
77. ■—
100% 101 ■%••£*
/106%; r 106% 106% "*;!
53%ifr. 52% 53%' *'
>
29
29
>109
107
M-S
A-O
f,7yft Jun
>7 7%
97%
119% 120
'
__
.-.4——1958
,
85%
14
114% 114%-7
114%
:
4950
5s...
27
,
7
4100
..Jan 1966
5s
5s.
22%
23.-.:
22%
1
30
Q-F
A-Q
—1927
—1.952
B—1
112;
28
96 * 96%
4108 " 110%
J-D
—
5s ctfs
29%
.'
*
29%
23
;»
—1964
9 A Central States Electric 5s——1948
A5%s
«—.—1954
Central States Pr ft Lt 5%s stpd—1953
20
23
:
23
>
1—..1968
5s__....1953
15 >
39
■:i
96%
Af-N
...1962
Power
Northern
>
7128
27
>.>:•
J-D
2%s_——————1970
4% Aug
5% Feb
.
,700
109%
103% 106
<<;■>, 79%,
95 >
7
7.
103
J-D
Central 111 El ft Gas 3%s.r
.;>'■£% July
101%
99
124% 128
28
■>T 27 :
27%
'
,5
•
deb
Debenture
7
107%
3
>
*
—,—1998
Bickford's Inc 6%s
Service
101% 104%
28%
M-S
1060
Birmingham Electric 4%s
series
2
27%
>27% ,7 27 ¥4
27%
'27%
~F-A
C
,Cbnv
108%
109%
106%
■n-8
27%
%
>7,27
F-A
____.1968
5%s
! 27
:
j-j
Bell Telephone of Canada—
7.
•
1st M 5s series B
——1957
Canada
>
>
105
106
>
35
;
jf-a
.1949
City Eiec 3%s
Edison
1
r
__
>,/•
66 ' .May
i... :■
*
A-O
-1950
;
Avery ft Sons (B. F.)—
5s without warrants
Boston
5
'
•
,
J-J
Assoc T ft T deb 5%s A
5s series
102%
3
•
High
\ ! Low
- ■:
,
__
J-J
1948
4%s
deb
Atlantic
5% July
2% Jan
.
Jan
J-D
Range Since
'
-
"„>7
—
J-J
Registered
6s
2%
No.
v,
'
J-J
deb 5s
AConv
Cities
5%
2%.
;
M-S
—1956
> ADebenture 5s
U
5%
11% July
4% July
Said. ~vr January 1
Utah
; 102% 102%
74106% 107%
109% 109%
101% 7 101% 102
7 101% 101%
7
109% 109%
>
124% 125%;
104
> 104
104%
94%
937/« 95.
J-J
——1953
4%s
deb
A Con v
S A Chicago Rys
5%
V
81 Elec Co—
Cincinnati St Ry 5%s A
Udylite Corp——————
1
Ulen Realization Corp,.,—
—,10c
Unexcelled Manufacturing Co——10
Union Oes of Canada.....——.,——.*
Union 6tk Yds of Omaha—.—.——100
United Aircraft Products.....—.....1
United Chemicals common
—•
$3 cum ft, participating pfd
United, fMgar.Whelan Stores—10«
$5 preferred
——.—^4*,^
Prior preferred
—..20
.
Jan
Bonds
„
:
'
7
,1960
-.1970
2016
-
4%s
I Associated Gas
Sep
9% July
Week's Range
Friday's
" <; or
8ale Price Bid & Asked
J-J
Writing Paper 6s—.—1961
Appalachian Elec Pow 3%*
1970
Appalachian Pow deb 6s
2024
6% July
12%
Jan
57%
>
200
69
71
•
;■
2%
3,900
31J
Last
Interest
Amer
x23V2 Mar
11% July
Jan, '
*
..I*
IIoo
Shipyards Corp—
Toledo Edison 6% preferred—
.
Friday
f debs
Amer Pow ft Lt deb
May
Tobacco Security Trust Co
Toaa
'•"3%
3}i
"
3%8 s f deoa.
24% July
6%
1,300
4%
4%
•14V* May
Jan
'
t
7,%Jan
.
«
—1950
s
3%s
7
Sep
->'
60
Ltd—
dep rets ord regis.—..
dep recs def reg.
,s
;
M
-Low
SeR
119
7% Apr ,'.: ''
19% Feb
4.400
1
10%
10%
«•
Exports.
Jan
Jan
300
12%
22%
Jun
,.,7 .7
500
10%
10%
,
Curb Exchange
2%s
May
6%
;
r
1
10%
Tobacco ft Allied Stocks..
Tobacco
"6%
10%
22
1
1
Roofing Inc—
Tishman
11%
12%
3.700
23%
22
"6
2
1
—5
Texon Oil ft Land Co—
Thew. Shovel
;"7
100
Light 7# pfd—
10%
American Gas ft Electric Co.—
Apr
26%
Jan
5
j' 23% /Feb
t
.
114%
23
,——*
Technicolor Inc common—;
Texas Power ft
—•
'•
1.600
1,700:
6
,
1
Arkansas Pr & Lt 5s
6%
5%
26 ,-26%
26%
Apr
3% Jan
10
Period
:r
>6%
111
—
BONDS
-
Jun
M6%july
3% Aug
14% July
22% Aug
17% Sep
Aug
<
1#
Taggart Corp common.
Tampa Electric Co common—.
July
6% Jan
h
110Apr
2% July
Jaft
13
1
Bcom——•
!
3% Jan
100
3.400
14
12 7
Feb
Jun
Apr
f 15% Aug
12
July
Jan,
•
13%
Cement—-.J
6% Aug
Jan
5%
9% Aug
Jan
43% Jan
'
10%
10
15% Jun
Jan r
5
000
9%
3
100
58 y* Aug
400
13%
9%
2,200
11%
11%
14% July
3% Aug
> 53% Mar
~6%
6
6%
High
Low
8% Jan
,
pfd—100
American deposit
receipts.
Wright Bargreaves Ltd..
13 y* July
7% Jan
•
5%
—
Sun Ray Drug Co
Superior Port Cement class
Swan Finch Oil Corp...
Wolverine Portland
4.700
%
11%
ft Co new common
(S)
12
V*
21%
Corp
(HugoI
nne*
Stroock
Mar
% Aug
300
94
'
2%
——1
trust ctfs__l
*
*
-1
M
20
preferred
5% 2d preferred
Sterling Aluminum Products..—.
Sterling Brewers Inc
Sterling Inc
Stetson (J B) Co common—
July
114
600
11%
5
l,u
%
l
1st
17% Feb
% Jan
Range since January 1
-
——•
Winnipeg Elec common B
Wisconsin Power & Light 1%
Aug
19
2,600
%
'
92%
12
J
ft Co common
(A)
6%
Aug
3% Aug
20
"
.
Sterchl Bros Stores
26
Jan
High
Low
•
Williams Oll-O-Matlc Heating—.—_•
Wiiison Products Inc—
1
Shares
ft Co....—
(R C)
108% Jan
•»
:
Standard Sliver Lead
Standard Tuoe class B
Starrett (The) Corp voting
Steel Co of Canada
400
18%
18%
18*4
—
Standard Products Co
2
16
Williams
15% May
-
Jan
200
20
Jan
18% Jan
550
650
3%
19 %
6
500
ef Prices
Par
Sign
Sales
for Week*
Range
Sale Price
Range since lannary 1
Low
13 %
3%
Standard Dredging Corp common
-1
$1.60 convertible preferred
—20
Standard Oil (Ky)
—————*0
Standard Oil (Ohio)—6"h pfd
100
Standard Power ft Light
1
Common class B—
Shares
1314
-1
Standard Cap & Seal common
Last
New York Curb Exchange
High
Week's
Friday
STOCKS
for Week
of Prices
Lots
fir
j '
FpR WEEK ENDING SEPTEMBER 1*
bales
Week's
Range
Prinay
STOCKS
'
M-N
1948
A-O
102%
'
1954
J-D
102^4
,
1,108
110%
: 102% 102%.
•102% 103 ;
7
7
.
'
107
110
36
95%
102%
.13
97%
104,
Volume
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4313
160
1009
ll
EXCHANGE
NEW YORK CURB
RANGE
BONDS
/■'
,
Last
Interest
•
;
Low
Elec & Gas 3%S
N Y State
Westchester Lte 4s
North Continental Utility Corp—
Y
N
&
>
;
V
/
J-J
,
.109
109
Low
J-J
87Ms
87 Ma
;
•,;,yy
1st
3s
mtge
Public
Ohio
Service
&
27
89
Power
Park Lexington
82'
'
5s
1st
i
—
P-A
J-J
::
1977
1979 i
-
-•'w!
: :107
Elec Power 5'As
Rapid Transit 6s
Philadelphia
Philadelphia
■
-1972
■■■,.
1962
-Vi T: <
'
.
•. I
J
,,:
Portland Gas & Coke Co— V;
4%s
•
:1961
1959
•
108%
Power
1949
1
J-D
M;
1959
A—
i-.
1
-7
s
'
at
114
P-A
104%
114
•
108 Ma
-
102%
;
106%
y.y..
115
115%
113%
7'y 1
.115
-
:>;•
111% 116%
Hotel—
-v
4
:
dabs
income
1
'
V
-
3
'
d38%
M-8
39
1951
J-D
..4.
..1964
J-D
1954
40
Ma
Wash
i.
Ry & Elec 4s
Wash Water Power 3%s
107 Mi
108
71
..
.
C.
ri
24%
45%
A.**-.
105
109
',109 Ml 109 Vi
108%
110%
$108 Ms 110 Ma
105 Va
109Ma
114 y4
118
$106-
111
109%
106
v.
;;
if-N
2022
•
105 Ma
a
..
y
•'/ 25
;;
106
-
106%
12
■
..
West
108 Ma
Penn
Western
108
117
107 Mi
6s
103."
$102
106 Ms
i'
•
100%
-3
IO6M2 107 Va
-
5s
f
s
i960
A Stamped
r
debentures
Rys Co
bs
5s
A-O
.
Tt
.117% 117%
J-D
3 7
.
'
,
94Ma,-y.; 94Ma
1959
1937
stpd
J-D
-
1947
—
"2
.
' J-D
.
It.vv
.
.
97 Ma
96% -100
.
100
99
-
•85 -
6
94Ma.
$99% 10Q
—
100
96%
9
100 Ma
"
111 Ma
108 Ma
5
97%
Traction
2030
r 112
106
-$108 Va 108%
;97%
103
5s
Newspaper Union—
conv
lAYora
M-N
A-O
M-8
'
•"
,
West Penn Electric
106
r
1
107 y2 107 J/2
.
111%
»
55%
./ 1.
f'?~
102
iG3% 104
-
High
102
110%
%
y
:
Low
96%
7
410 Ma
-$108
..
January 1
,
'
;
7M
y •
;
v'$1,10%411
-
1952
...
111
High
..
A-O
Range Since
Sold
No.
101% 102
.7
;
A-O
,
Bonds
Friday's
or
101%
J' \Mr;V.
Co—1
5 %s_:_.
cons
series
A 5s
.
V
r
.
6s
.
-t.
4s
3-D
104 Va
V
40
J
Utah Power & Light Co-Debenture 6s series A
16
108% 109%
-
J-J
1956 :
i
4Vis B—:
(Can)
Corp
E
F_
series
Power
5s
Edison
Week's Range
Last
Sale Price Bid & Asked
Period
1952
"
103% 105 Ml
7
6
,v
$ 107 V* 109
M-8
1950
stamped extended
5s
Potomac
&
&
5%s
Transit
N
Waldorf-Astoria
''
Friday
Interest
•
•
106
J-J
F-A
,
-
y 102 y2
$106% 107
-
■
Light
1st lien
110 ;
107%
106'/4
•106
'
Exchange
United Lt & Rys (Delaware) 5Mas_1952
United Light & Railways (Maine)—
■-''
is':-3:105% 109Va
•^•:55;;:'55-;:*r-
M-N
M-N
:
Electric
95%
i-Sc
i. 'A 12 ■ :K 108 :
i
r 3ir ' 105%
104% 104%
104%
City Rapid
United
104%
104
J-D
Pennsylvania Water & Power 3'As_1964
'3Vis'
1970
-
107
$103
,
/
"102%
107% 107%
V
0
"
.
109 Ms
109
F-A
•
$102 % 1Q3
—
^ P-A
1955
1964
Light 5s1st mtge 3s__;
Penn Central Lt & Pwr 4Mis_—
Pacific
A-O
A-O
;__1962
1948
4s
Oklahoma Power & Water 5s
■A A
Af-N
1968
1971
1st mtge 3%s
Power
Ohio
i
1945 :
—i
1st
Twin
.';i03y2i07y2
e
■
Curb
Low
United
•
77
Ogden Gas
York
•;v
■
t-"'
■
1
High
108% 111
2( >:!«
....
103% 104'/8
'
'i
1948
January 1
No.
New
Range Since
Sold
High
'
*
(8% redeemed)
5 Vis series A
! Af-N
1964
2004
Bonds
Sale Price Bid & Asked
Period
<
SEPTEMBER
ENDING
BONDS
Week's Range
or Friday's
Friday
1
Exchange
Curb
York
New
WEEK
FOR
92% •99 Ma
Public Service Co of Colorado—
f
—-1964
i 3-D
w______U949 :.■■/ 3-D
1st mtge 3Vis_
Sinking fund deb 4s
-
Public
of
Service
New Jersey—
3s
Shawinigan Water & Pwr 4Mss
series
4VaS
1st
.142
D_
»
109
105%
Foreign Governments & Municipalities
/
.
142
.
i
V
137 Ma-
152;
98 Va
■
103 Ma
'V no
I*
109 Va
111%
181.
'vi 105.
;
-•73 Ms
....
82%
86 Mi
4./
105
•v
California
Southern
California
Southern
1st
3s
3 Vis
Gas
Si. 1:,
P
L 8s
&
T..".
i
'
A Lima
98
•y
,
,
97%;:.:.97
..
97%
.
■
•
'
•:
;7
Af.
4',
'*•;9
v
W 86 Ma
29%
8
42
2.
;
'•
; 19
5s
;
w
M-N
4' >
3-J
F-A
3-J
,
—
7,
'v'
60
82
• ;
r--'
•'
$20
3-J
1952
M-8
30
1947 !
1931
19%
'
-
19%
19
il'-Vv;-"*
4
i
45
'•$41%
...
.
J-D
/V;
«**»
-•$29 Ma
•
-
'r
-i
V
J-D
1972
J-D
1058
M-B
—
vr-
.-.t;;
de
A Rio
7s
; ten »■
20
1919
6M1S
Government
•
i
—1921
*
•
43.
40 Mi
••
,
6 Mi
7
6%
-
•
mT
40 V
•
17 Me
•
79%
'£■ i;
;
k
•-
33
,'"41%
34
13
7
.
•
•
37 y
16
L-
41 Ms
6%
7
3-D
3-3
,
1''.
58
$41%
J-3
1959
6M2S
Janeiro
A5%s
'y
:
36
$77
,/'v
-29%
33 Ma
-
_
.
$16
./: 1
22
46 '
18
*
-
,.
;
-
-
21
17
34 Mi
-
$40
ARusslan
20
4
104%
108 Ma
43 Ma
136
3%
8%
31
■
3%
8%
2
101%
v;,:
.ivy.;
Abbreviations used above—"cod,"
*'Wi,"
-111
n Under-the-rule sale.
•
.
1.v'y;
.
,
"
current week.
,.y
; T
.
:
..
.
-■v
"cons," consolidated; "cum," cumula¬
certificates of deposit;
"vtc," voting trust certificates;
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock;
105 Me
107
Odd-lot sale,
e
.
§ Reported In receivership.
:.4 117 Ml 119
:''5
tsl08% 108%
sale,
iFriday's bid and asked prices; no saleB being transacted during
A Bonds being traded flat.
■
.
.
106Ma
105
;
3
value,
a Deferred delivery sale,
d Ex-Interest,
x Ex-dividend.
■. r7 ■■■■■■;.,.',77:
*No par
Cash
'.
'
,.v
82!
83
$70
••
—
''
$40
'
120 y
118
104% 104%,
y
-1
3
105 Mi 106
1.' '106% 106%
"
F-A
A-o
v42o%y4i%
37
41
v
3-J
1960
1956
2022
1979
.1968
5s
J 40% 4 :.438
;
62
17
45
4 20
A-O
83
M-N
;
53
28
28
1947
98 Ma
'
16 Ma
28
.
';•/:
m-N
M-N
(State)
57
55
$70
J-D
,]
1958 V.
1951
A Parana
98%
86 Mi
76
62
Ma
54 v-y
■
99%
98 y8
r,: 33
:"
99%
High
51
...VI,
6M2S stamped-1958
(Peru)
Low
No.-
High
62
'
\
..
$60 Ma
'-$60%
'
«
J-3
1953
Bank of Chile 6s_
Mortgage Bank of Denmark 5s
99%
86%
City
Range Since
January 1
Sold
'
A-O
1955 '/
5s
Bonds
;
«
.42
42
86%
Low
t.t-
A Mortgage
91 Me
yy 82 r j
: 86M2 '
;
23
48
..47 "
'J
56
98%
98 \
97%7; 97Va
47
54
99%
98%'-
97%
,.r»
•1
97
?.
99%>
; .97%
'
Week's Range
> or Friday's
Last
Sale Price Bid & Asked
AMaranho, 7s
—
AMedellip" 7s stamped
Mortgage Bank of Bogota—
'A7s (issue of May 1927)^
A7s (issue of Oct. 1927)—
r
3 Mas
Edison
Toledo
99%
97%
97%:
3-J
_
1946
Power
Water
•y
.i:;:'97%;t; 97%
V
••
5%s
Extended
104%
83%;
'
h
Danzig Port & Waterways—
A External 6%s, stamped
108%
101 Ms
/ .:
—.
A
series
6s
Tide
F-A
F-A
A-O
106 Ms
.•'
}.
■
Danish
■m.
*
& Light 5s
Powei
Texas
deposit
of
Service
Electric
Texas
86%
89%
89%
''
2nd stamped
; 7-48
.
108%
w 101% 101%
„
89%
i
Industries—
(Hugo)
;;
F-A
J-D
.
stamped-.:——1946
A Certificates
r
105 Mi
8
$107
M-N
-1950
,
(Hugo) Corp—
Stinnes
109
72%
14
■
A-O
A-O
1957
1957'.
„
6s
AStarrett Corp inc 5s
Vs : A7-4s 3d
106 Mi
103%
-:''
106 M4
107
■
•
y
81%
81
,
.
'68 gold debentures
Standard Power ■& Light
Btinnes
105
104
—
34
108%
-
,W
104% 105%
'
;
Spalding (A G) deb 5s
:
.1989
Standard Gas & Electric—
:
6»
(stamped)
May 1948
•"*
Conv 6s stamped———May 1948
Debenture
6s
1951
Debenture 6s_;
-Dec 1 1966
«
$107
"
..
•
105% 106%
105%-'
F-A
:
F-A
2022
Af-S
:--y y'-y/y.
1951
Southwestern Gas & Elec 3V*s——1970
Southwestern
108
J-J
1971
4s
Rys
Indiana
104% 105 ;
108
$106
Gas .(Calif)—
Counties
mtge 3s
8outhem
$105
J-J
MS
A-O
1970
Edison
Southern
3-J
1947
1957
1965
6s
5s
Power
'
■
>
'
'
Wyoming Coal
Carolina
South
Friday
Interest 7 "
Exchange
Agricultural Mortgage Bank (Col)—
A 20-year
7s
April 1048
A 20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
93%
105%
103 Ms >105 Ma
f
Curb
Period
103 Mi
i-.. 6
104% 105
104%
V—
A-O
^
York
128
$89%., 91
j
,
—
New
113
127
4-'
I—.•..$126% 127%
A-O
.
n't
f;*•*•• %-V'*• rrl
Sheridan
1
bonds
«*-D
A-O
1967
1970
—
.
103% 103%
A-O
/-D
Af-S
1951"
1951
ABchulte
Scullin Steel Inc mtge
....
*
1952
Joaquin Lt & Pwr 6s 3
Real Estate 6s.
San
,
,1979
4 Mas
Harbor Water
Safe
23:5it
J.'.'r'jf,
'' M-N
Queens Borough Gas Jj Electric—; ,
5Vis series A
J952
106 5/a
103 Mi
5
107% 108 ]/2
-105% 105%
.
certificates
perpetual
6%
■
J
,105%
.
•
when Issued; "ww," with warrants; "x w," without warrants.
OTHER STOCK EXCHANGES
r
FOR
RANGE
WEEK
ENDING
SEPTEMBER
1
Baltimore Stock
>X
i;,4',.y
y-y'.
,
y
.
STOCKS
■
;'
j
.
? ,;VLast
•
Bait Transit Co common v t c
*
Preferred v t c
100
Consol Gas E L & Power conu______*
4s preferred C__—__—L~—__100
Eastern Sugars Assoc com v t c_——1
Arundel Corporation
15%
16
——
2.05
1.90
11%
11%
68 Ms
.
16
8 Ma
High
Low
14 Va
680
-
2.05
1.358
68%
V
7%
100
8 Ma
69
110
Jan
y
6%
Sep
''
Co__—I—_1_20
*
fl-v/
; pfd vtc
25
i-?■;■y-y^y
Mills pfd.,—-1100
National Marine Bank——1——30
y
New Amsterdam Casualty-———__2 {:
_u
North American Oil Co—I:
25c
6%
Houston Oil of Texas
27
6%
85
81
Jan
'90
44 Va
" 3
43
Jan
7
Apr
44 Mi
25 Va
National Bank
5%
200
24
'49c
49c
200
45c
145"
35
Jun
38 Ms
38 Ma
42
33%
26 M4
Feb
36%
Jan
25
38 Ms
July
44 M2-July
55c
'41
Ry com
B-<
SS
Lines
convertible
$2
Inc
common
preferred-'----
Engineers Public Service
July
Sep
National
First
Gillette Safetv Razor Co
Isle
Certificates
102 Ms 102 Ms
5%-———__
of- indebt
Roy ale
Kennecott
Atlantic Coast Line Conn—
102 % July
Jan
100
;v $500
6
.
10
13%
Feb
300
7
'
High '
14% July
7 Mi Feb
:
17Ma Mar
7 Ma Aug
Apr
May
5 Mi
Jan
Lamson
Copper
Copper
(Del)
Corp
69 Ms
common—
71%
550
56 M4
Jan
71% Aug
41%
43%
43%
200
32 Ms
Jan
43%
170
4 Ma
Jun
6 Ma Mar
Jan
106% Aug
5%
5
'
105
106
106
92
65
'
82 Ma
82 Ma
10
18 Ma
50
\ 13
2.810
,
' Jan
Sep
83
"Jan
54
18%
' 82%
:;i8%
-
Aug
21% Mar
;
Jan
13% Aug
Feb
40!
Jan
8M4
18% Aug
13 y2
12%
13%
40
40
40
15%
15%
.215
43%
38 Ma
1,117
33 Ma May
39 Ms
July
12%
81
7%' Jan
13%
Jun
7 Ma
7 Ma
125
1%
1%
20
32 Mi
•
*
33%
220
29s/#
100
2%
,
„
43 Ma
•
*
•
Stores
General Electric
Hathaway Bakeries class A__—
Bonds—
Low
12
110
6 V2
14%
6%
7
1
—
Jan
Jan
38 Ms
100
100
.100
100
100
100
pfd adjustment,.
Eastern
/;-
Street
Mass
preferred
'30% May
■■■&:8
29 Mi
3d Ma
AO
20
Fidelity & Guar
Western
150
Feb
*
1st pfd series A
6%
:
Jan
July
40
"
v
Mt Vernon-Woodbury
U S
29 Mi
W
150
136
140 Ma
140
6 V4
14%
.
1C
—
preferred
Eastern
'
Deposit
Fidelity &
—
Co
prior preferred
4 Ms %
Mar
11% Mar
K
'
'
Hecla
Range
Range since January 1
0 3
Eastern Gas & Fuel Associates—
12M4 Aug
Apr
May
109
30
•
Jun
Apr
7
64%
54
Copper
M
10
14%
14 Ms
<
Jan
2.15
1.00 May
3.404
12
18
Apr
&
Service
Cities
Shares
High
Low
*
-5
Prop Trust
Personal
Calumet
Range since January 1
Shares
High
110
110
HO
Sale Price
Boston
for Week
Range
of Prices
Par
for Week
of Prices
.
Low
Par
Last
STOCKS—
Sales
Range
Sale Price
;y,
7.
Exchange
Week's
Friday
7'
i-
>
Sales
Week's
Friday
'
38
12Ma
*
15
*
5
1%
>
4
4
35
70
35%
55
'
Sep
8%
Jan
•; 43% Aug
5%
1
7 Me Aug
Apr
Jan
33 Ma
Jun
Feb,
2V4 Jun
;
Aug
4%'July
\ I"
»
t
l
"I
■
Baltimore
5s
A
series
series
B_—
7
60 Ma
.
62%":
46.000
66-
__
67 Ma
23.400
102
:
102
4.000
;
51
-64% July
Jan
59 M2
Jan
'
70
July
Maine Central RR common
100
4
100
*
28
102
Jan
preferred
Mergenthaler Linotype
Apr "ri'-TOO
Apr
National
100 Ma Mar
5%
-1950
r—
—
,
2.000"
100 '100
-
100
Service
Cos
5 Ms
New
England Gas & Elec Assn—
preferred
England Tel & Tel
North Butte Mining-——
Boston Stock
Exchange
Week's
Last
Sale Price
stocks—
American, Tel
-100
-100
& Tel
Boston
Edison
25
100
Boston Elevated Ry
Boston Herald Traveler Corp
Boston &
Maine
5%
class A 1st pfd___
7%
stamped
class C 1st pfd stamped
class
For
Low
'
29
7!
High
49 Ma Aug
Feb
49 Ma
105
163% 164Ma
2.304
155%
Jan
27 Mi
547
24Mi
Feb
16 Va
164Ma July
28 .1 July
;
350
11%
Jan
16% July
91
96%
Jan
115% May
36%
1.266
32 Ms
Jan
36 Ma Aug
36
-
B 1st pfd
footnotes
see
page
1015.
100
100
100
100
100
Stone
Si
Drug
6 Me
Shoe
Rubber
392
66 M2
Jun
74% Mar
O
69 Mi
80
19
Jan
24 M» July
Waldorf
23 Va
36
38 Ms
410
26
Jan
42 Ma July
6%
38%
7%
6%
194
4
Jan
7
7%
350
5
Jan
6 Ms
89
5
Jan
6 Me
6 Ma
8
Warren
',,
8Ms Mar
common
—,—
—
System Inc_——
(S
D)
Co.
Westinghouse Electric & Mfg
5c
2%
2 Ma
300
1
39 Va
41c
.
.
79
24%
.
Feb
Feb
2% Aug
41 Ms Aug
290
103%
Apr
109%
Jun
30c
Jan
46c
Mar
29 Ms
676
1%
110
Feb
10c
•
Jan
45c
25%
61
21c
1%
Jan
31% July
86c
Feb
2 Ms
11
11 Ma
145
9%
Jan
12
14
515
12 Ma
Jan
Jun
45
10 Ma
10%
115
33%
34Ma
1.050
28 Ma
34Va
Jan
15c
350
'•
...
May
13%
5
5
*
25
28 M4
100
7%
32
Apr
May
23 Ma
Apr
Mar
,
July
11% July
36
Mar
28% July
16 Mi
86%
16 Mi
45
12 Ms
Feb
17% July
86%
87%
456
75%
Jan
88% July
Jan
78
Jun
45
74
73%
74 Mi
175
69 V*
443%
25
44%
45
165
42
10
5 1MB
*
11%
—'*
50
17 Ma July
11 Ma
Jun
29
>
„
29
12
29
,
40%
Feb
239
51M4.
103% 105 Ma
July
July
53%
10%
Jan
12% July
140
20 Ms
Jan
29
193
91%
Feb
107%
Aug
104 Mi May
45
.
Jun
Sep
Jun
Bonds—
8%
..
Machinery
preferred
68
„
Inc
United Fruit Co—
United
ll;
•
Drill
Twist
United
Feb
47 M2
215
12c
*
Co
Jan
487
28%
:•
*
Webster Inc
36 Ma Mar
58
'
200
38c
•
Mach
Jan
6c
105 Ma 108 Ma
108 Ma
29%
Association
Torrington
23 •
68 Ms
Hole
Button
Reece
Shawmut
Union
16 V*
RR—
Stamped
8%
36%
*
prior preferred
7
~
Quincy
Range since January 1
112 Ms 1147/a
100
ii' Albany RR
Boston
High
Shares
26%
16 V*
Inc
& Son
Bird
' for Week
of Prices
47%
164
50
Anaconda Copper
.'
Low
Par
American Sugar Refining-
<
RR
Mining Co
Pennsylvania
;
39
*
100
50
25
Old Colony RR..—
'Sales
Range
Friday
6c
7
100
2.50
Jan
23 Ma
I6M4
58
.15%
Feb
3%
325
"
6C
_*
National Tunnel & Mines
New
16 Mi
B
200
4
28%
57
5
1
Nash-Kelvinator
Co—
Interstate
5s
1975
-1975
19^5
Transit Co 4s
5s
Feb
Eastefh
8 Ms
Feb
4MsS
Mass
series
Street Ry—
A—
-—1943
—
103
103
$3,000
103
THE-COMMERCIAL & FINANCIAL CHRONICLE
1010
Monday, September 4, 1944
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK
ENDING
SEPTEMBER
U
i^•
Friday
Range
LOW
Par
Steel
Acme
Co
common
Ball
Allied Laboratories
Products
Allied
Tel
Amer
Armour
Aro
pfd
Co
Ac
capital
Tel Co
&
Mar
62
Feb
15
Jan
8
Aug
Aug
100
12%
Jan
17% Aug
400
16%
Jun
20%
17% Aug
,28%
Jun
26%
100»
10
164
100
6
6
May
108
156%
4%
700
115
164
Sears
15%
300
7% Mar
1%
500
1
Jan
2
300
4%
Jan
"3%
■;'/*
South
1 %
Feb
3%
3%
Jan
4%
Seelig Mfg A common
4%
500
14%
200
capital
Brach & Sons (E J)
Burd
(EL)
Co
Bruce
Piston
20
14
Bend
St Louis
of
Oil
Cannon
Wyant &
Capital
Illinois
III
Pub
Secur
8%.
Jan
46%
Trane
Jan
24
Feb
Transcontinental &
27
27
27
50
22
Jan
27
Jun
208 So. La Salle Street
7%
150
4%
Jan
11%
11%
300
9
Jan
12% July
30%
31%
100
28
Jan
31%
United Air L Transp
99
Sep
20%
100
16% Mar
220
88%
%
1?
%
1,800
67%
*
8%
*
Power & Light
19%
%
1,750
n
%
pfd
common
1
*
Chicago Corp common
preferred
Apr
Chicago Flexible Shaft com new
-•
8%
100
7%
19%
17%
Jun
13.300
48%
600
44%
36 %
Edison
Commonwealth
36%
37%
700
35
common
62%
X49 %
*
Jan
14%
23
14%
3%
20
part shs v t c B
50%
Co
&
Deere
Zenith
Aug
Unlisted
64% July
Atch
Feb
Aug
17% Mar
Jan
16
Aug
Nash-Kelvlnator
Jan
7
Aug
New
Drive
*
43
43
43
200
36%
Apr
45%
250
Jan
14% July
Auto
Corp common
Hall Printing Co
Hibb
G
Houdaille-Hershey
Hupp
class
B
Brick
Illinois
(new)
common
Co
8%
41%
62%
800
*
49
49
*
15
15
20
20%
$7
Harvester
common
preferred
'
47
30
*
18
19%
Jan
Drug Co common
Kellogg Switchboard common
5'/e
„
preferred
LaSalle Ext Univ
Leath
&
Co
Co
preferred
Brands
12%
Studebaker Corp
U
1 %
S
4
20
6
Mar
250
19%
Jan
5% May
68
100
•:
11
Apr
4%
50
7%
140
80%
Sep
Jan
10
Jan
11
Jan
$3.50
preferred
McWilliams
Marshall
class A
Dredging
Field
Co
Middle
West
com
capital
Corp
.
Aug
7%
800
6 %
Aug
6%
6%
97%
97%
97%
51%
51%
52
/
5
Rubber Co
Apr
97%
47%
Jan
52
July
450
1%
Jan
4
Jun
3%
Feb
7
Aug
v
Jan
36
8% July
5%
250
4%
Jun
8
32
30
22%
10
15%
410
22%
Jan
11
11
100
17
17%
850
7
11%
7%
11%
A
12
8% May
13%
Jun
July
9%
400
17% July
7*/4 July
12%
Jan
Feb
Aug
1*6
1,200
Jan
ft July
6%
100
prior lien
litfn
16%
13%
16%
1.900
100
16
13%
16%
800
5% Mar
%
%
300
%
Jan
%
%
300
ft May
2%
2%
750
l7/s
Jan
11%
11%
11%
300
9%
Jan
preferred A—
100
& Hart
preferred
10
150
24 %
16%
.1
10%
10%
50
7%
Jan
*
«...
49%
50%
300
41%
Apr
Cincinnati
common
*
xl8
16%
18
950
14%
Jan
18
common
Cylinder
Pressure
Gas
Cooker
common
Noblitt-Sparks Ind Inc capital
North American Car common
North
111
Corp
■
Util pr lien pfd
Nunn-Bush Shoe common
Feabody
6%
Coal
Co
B
common
Randall
U.
S.
Penn Gas
&
City
Eiec A
RR
Columbia
General
Potter
Co
Pressed
For
(The)
Steel
53%
19%
?.-*
common
Car
footnotes
common
see
page
1015.
Jan
51% July
15%
Feb
18
Mar
10%
350
12
July
19'A
200
8%
Apr
Apr
21% July
32% July
52%
16
54%
19%
14
250
19%
950
Apr
58% July
20% July
Feb
53% July
Feb
Sales
Week's
for Week
Range
Range since January 1
Shares
of Prices
31
4%
4%
8
8
34%
Jun
Feb
6;
Mar
4
106
6
Feb
4
Feb
6
Apr
9
Mar
25 Va
191
4%
~8
High
Loto
High
.ij
7% May
79
29% July
27%
11%
11%
20
May
13% Mar
107 Vz 107%
8
27%
5
8
100%
Jan
107% July
669
7%
Jan
8%
%
76 A
22%
10
Apr
9
Maf
Jan
80
July
20
8%
Jan
11%
75
8%
17%
Apr
23% July
155
76%
Aug
20
20
300
17% Mar
13% July
72
—
20 % Mar
11
11%
150
10%
Apr
28%
28%
28%
100
19
Feb
28%
•
21%
21
21%
600
16%
Jan
21% Aug
120% 125
14%
3%
90
30
30
13%
Feb
50
3%
Jan
79
200
Jan
%
Jan
2%
100
29
29%
400
26
Jan
62%
62%
100
56%
Jan*
47/8
47/a
100
14%
14%
200
.
2%
11%
Aug
7%
42
35
'
May
14
July
Jan
43
Aug
30
May
35
Jan
29
Jan
40
Jun
35
38
41
8
Apr
127
32%
38
38
Jan
39
Mar
35
130
13
43
31
514
10%
35
50
7%
12%
43
35%
p: 17
57,
-
31%
233
July
36% July
Jan
23
23
23
3%
3 %
125
3%
Jun
12%
12%
12%
61
8%
Jan
39%
39%
40
35
23
*
15%
15 Va
15%
24%
24 Va
4%
4%
125
3%
Jun
24% July
5y4 Mar
61%
62%
85
51%
Jan
66
30-
30%
32
28%
Jan
33% July
51%
51%
80
43%
Apr
52%
8% A 9.- 'vx:'
108 %
Aug
5%
Jan
9
Mar
52%
Apr
59
July
22
43
108% 108%
Feb
25
July
4
Mar
107
221
,
363
35
Apr
V
'
35
Apr
140
12
Jan
95
15
Jan
13% July
41
July
*
10
*
-
30
*
Bearing.:
" 171/4 July
.
July
Aug
Last
Week's
50
Cliffs
Corp
a6%
High
a6%
a22% a24%
—
Sales
r
for Week
Range since January 1
Shares
4'
;
■
Hiah
Low
;v
200
5%
Feb
6% July
365
14%
Jan
25 % July
21%
17%
common
150
18%
Jan
22%
82
285
63
Jan
85% July
17 y4
17%
972
13%
Apr
19
6%
»
__
21%
81%
1
Iron preferred
Cliffs
6%
V
Controller
Range
of Prices
Low
!•^ Par
—
City Ice & Fuel
'
Sale Price
6%
500
Jan
July
11% Aug
Sep
125
July
14% July
Detroit
Cleveland
&
Goodrich
*
2% Aug
31% July
Interlake
Bros
Hanna
(M
!
7% July
54%
Feb
Feb
.50
Aug
49
:
Jun
_
Jun
a43
a43
10
ion
—
42
90
90
56
90
Apr
90
Apr
49%
75
43% May
50
July
106 V* 106'/4
65
*
Cooperage class A
A)
$5 cum
Aug
Jones
&
f% July
Aug
Kelly
Island
Laughlin
Lime
Sessions
49
a
pfd
a
Steamship
&
Jan
40,
36%
105
100
.
Lamson
4%
r
85
a48% a49%
-
Machine
Jaeger
a5iy4 a52y2
—
Rubber
Preferred
Greif
64
&
10
Nav_
F)
(B
Lakes Towing
Great
4% May
94% July
Jan
Apr
22%
22
'■
56%
•
*
Jan
,
56
Akron Brass Mfg.
Clark
95
.10
10
10
56%
Fuel
\
Cleveland
50
Jun
*
——*
-*
-*
;
Sep
14%
37%
200
*
50
2.50
STOCKS—
.
Sep
1
50
16
4%
::4
16
„
49%
Cleveland Stock Exchange
42%
1
29
Apr
35%
Brands
Jan
2%
Feb
53%
*
A-*——
Roller
Apr
"50
capital—IlOO
23 %
—
—
Motors
Timken
Feb
*
common
21% July
100
—
7%
Gas
11%
capital
Jan
27'A
50
&
Ice
12
—»
Pennsylvania
Peoples Gas Lt & Coke
15%
28% Mar
•
10
—
...
Rolling Mill
American
33%
3%
11%
600
30%
—*
^
Printing
550
90
350
19
Low
—*
Preferred
12%
90
17% July
16%
40%
8
gtd
class
42%
£00
preferred
10% July
20 % May
10%
50
Class B
16
5
39% July
19 %
—
'
•
—*
& Gamble
Procter
12
1.700
Jan
Apr
Jan
n
2u
7
.——J.—
Magnavox
41
14%
6%
35
26%
Sale Price
A——.—
Miami
Little
16
2%
500
19
10%
<
1
Kroger
12 y4
100
38%
16
—~•-*
class
Goodyear Tire
Nor West
Jun
10
Gibson Art
Hobart
42%
•
Jan
4%
49%
—
*
25
—
Insulation
16
\
56%
200
16% Jan
•
Telephone
Dow Drug
Eagle-Picher
Early & Daniel
3
*
common
Northwest Airlines, Inc common
Northwest Bancorp common
150
5%
15%
19
1
preferred
Corp
1
»..
66% July
61"%
'
Crosley
3
20
July
71% July
7
*
•
"
Cincinnati Union Stock Yards.
51% Aug
National
28
Jan
5%
__
Friday
common
Springfilled
Aug
12%
Jan
Sep
common
Nachmann
750
1.550
Feb
24%
12%
27%
Sep
16%
Montgomery Ward & Co
National
9
8% July
July
44
Aug
Minneapolis Brewing Co
A..«
12
Sep
7% July
Feb
38%
.
Champion Paper & Fibre.—.
—*
Churngold J
:
*
Cincinnati Gas & Electric preferred. 100
Cincinnati Street
50
11% Aug
10% Aug
..
34
60%
1
Inc—
Common
29% July
6% Aug
56%
12%
X267/a
x27
•
——
3% Jun
7%
24%
%
8% July
:•
Jan
100
common—:
% Aug
100
8%
3.100
12
41%
common
% Aug
2%
Utll
prior
3% Jan
2% Jan
450
6%
-
26% Apr
Unlisted—
13
18% May
5% Mar
24
?
41%
47% Aug
•
5 % Mar
1.550
%
•
;
81% July
Jan
•
22% Aug
Jan
45
,7%
750
600
34% Aug
63 V* July
Feb
common
Participating
Aug
Apr
■
43
17
Sep
6%
1.050
8
22%
•
preferred
preferred A
$1 prior
97
45
.
8V4 Mar
2.550
7
36
:
8%
82% Jan
Apr
4%
Machine
Products prior pfd
Standard
6%
Miller
.
60
^
—
*
1
A
10'
'v
3%
.
13% Aug
67/a' Jan
Co—
Common
Convertible
Midland
6%
*
•
common
United
Jan
•
common
Mickelberry's Food Products
Midland
4%
*
.....
McCord Rad & Mfg
550
5%
50%
29%
>
8V4 July
100
6%
1
24% Aug
36% Aug
Jan
5%
common
Baldwin
19% July
23% Jun
6%
7%
500
10%
Par
8% Aug
Jan
8
6%
58%
7%
Last
Aug
10%
150
80%
36
58%
*29
Friday
Mar
Jan
6%
7%
.
Mar
100
6
stocks—
Jun
Jan
1
6%
*
Gincinnafi Stock Exchange
47% Aug
18 % Aug
Jan
36
Apr
23%
79 %
50
Standard Oil of N J
July
Jan
10%
*
77
71
200
common
Apr
150
7
(The)
American
Feb
13%
C19
Jun
16% Aug
;l
Jun
7%
Corp
11
13%
*
common..
Cumulative
Llbby McNeill & Llbby common
Lincoln Printing Co common
Feb
7
American Laundry
23
3%
'
•
Corp
20% Aug
13%
5
60
79%
12 4/
Jun
100
50
common
v
19%
33%
100 ~
7
Incorporated
Mar
Jan
9%
37
50
100
———
Kentucky Util jr cum pfd...
/ 550 :
7%
Co
Apr
1
common
Katz
•
7
1
5
•
Formica
Co
32
58%
July
16%
Q
••'
—•
21%. July
950
8
10%
—
15
50
4%
6%
•
49%
Jan
10
80%
80%
Feb
13
400
20
16%
*>
38%
600
22%
23
66
100
47
18
''
Jan
200
5
St San com
43% July
51%. Feb
Xl2%
7%
12
Feb
July
Jun
40%
,
100
4
49% Jan
47%
2
common..
8% Mar
8%
20
5
1
preferred
Joy Mfg
46%
*
capital
5% Aug
Jan
15%
47
Feb
46%
1.250
:
-
;
.
20 ;
Central RR capital
York
Standard
Sep
Jan
10%
12
xl2%
25
*
45%
30
Aug
100
20%
10%
Jan
29%
13% July
Jan
Aug
50
20%
1
Power $6
41%
30
;
62%
28
31%
33%
•
Pure Oil
36% July
,
8
100
61%
10
Jan
700
Radio Corp of America common
Republic Steel Corp common
14% Aug
Jan
3%
100
*
International
23
1.200
8%
41%
10
common
10%
350
12%
27
3.650
Indep Pneum Tool v t c new
Interstate
May
5%
Indiana
Products
Jun
17
100
capital
IllinoiB Central RR common,
Steel
40
50
4%
1
cap
Harvey Inc common
Motors
100
28%
12%
10
...10
Spencer Bartlett common
Hubbell
41%
29%
50
*
com
common.
Brew Co
Jan
1.550
26%
26%
*
common
Harnlschfeger Corp common
Heileman
10
IV4
1
27 %
■44 200
common
Iron
Pullman
6% Mar
Jan
8
1.700
13%
34
41 %
100
Dk
&
5%
6%
12%
28%
Corp
Lakes Dr
14
34
AVA>
650
32%
Paramount Pictures Inc
Jun
10%
Goodyear Tire & Rubber common
Gossard Co (H W) common
Great
Jun
Sep
*
12
Mar
18% Feb
14% 1
30%
79%
(Glenn L) Co common
Interlake
Mar
—
Motors
27%
25
.General Foods common
General
Feb
102
(Peter) Brewing com new
Preferred
19
Jan
Morse common
Four-Wheel
Fox
250
Jan
Metallurgical
General Finance
2%
550
20%
6%
*
Jan
' Aug
Jun
79%
—
5
93%
6%
10
:
Jan
34% Jan
17% July
13%
32
common
Corp
750
50
13%
Steel
Electric
General
5% July
350
5
100
■
r-
150
36%
50
Topeka & Santa Fe Ry» com—100
Jan
99%
15
12%
350
:
"
35%
common
Corp
Jan
26
13%
•
•
—*
Mach
4%
25
14
Aug
23%
Corp
Curtiss-Wright
Jun
28
25
*
1
32
16%
Copper Mining
Bethlehem
3% Aug
2% May
98%
common
>800
3% Aug
<
Stocks—
Anaconda
63 %
25
Elgin National Watch Co
Fansteel
Radio
Jan
7
25%
Jan
23%
•
24%
15
7
12% Aug
43
Apr
2
'16%
common
Industries
Sep
99
Dodge Mfg Corp common—
Domestic Industries Inc class A
Electric Housenold Utll Corp
Fairbanks
>V
*
capital—:—-—5
Oil-O-Matic
200
5%
14%
15
27%
170 \
24
Jai)
39
Jun
pfd—100
—2>/2
cum
Drug Stores...
Cunningham
50
*
25
common
Cudahy Packing Co 7%
3
ff3
30
8'A
Martin
;
3
Air Lines.—5
common—
4.700
28
/
x5%
Feb
2.700
10
14%
15% July
Feb
r
July
6
3%
3% ;
X29%
29%
13%
250
27%
27%
1
part shs v t c A
;
.
1
Woodall
Consumers Co—
Crane Co
Steel
55
1,500
3%
14%
61
"
Common
S
Gypsum Co
Yates-American
July
6% July
July
x49 %
1,100
61
common
Consolidated Biscuit ccmmon
Com
—
West
American Radiator ti
10
Co
Uten
Aluminum
^
32%
common.———
Common
20
•
4% May
6%
47%
x49%
"Cities Service Co common
Club
S
Aug
10%
Jan
500
48%
.
Chicago Towel Co common capital
20
Apr
July
Wisconsin Bankshares—
M Aug
68
Jun
Chicago & North Western Ry—
Preferred
(The)
Williams
Jun
Jan
% Mar
58%
60
68
6
6%
250
1.100
38
17
Jan
99% Aug
*
Convertible
capital
Corp
Co
Utah Radio Products common
20% July
99%
x20%
97
1
Co
33%
^
-i
Feb
Jun
U
—50c
Preferred
Belt
33
Walgreen Co common——•
Common
12%
14%
Jan
*
.
10%
1.800r
22
11%
•
13
150
21%
Union Carbide & Carbon capital
31%
X20%
'■*>;
14
33
....25
May
41% July
18%
•
'44
17
Jan
97% Jun
v.: 6% Aug
'
34% Jan
7%
34%
36
;■
12%
25
15
;
50
7%
40
'
10
650
11
3%
J_
450
Jan
400
16%
23%
8
6%
yr
14
Sep
Corp—<
Central 8 W Util common
Central States
capital
Feb,—'
5
10
common—
40%
*
Chain
Co
Jan
85
16%
*
Swift International capital
12% Julv
Jan
&
15% Aug
11
400
32 -A 32%
16%
16%
23%
**
pfd
#6
Serv
Corp
25% July
900
,T 3%
10% X10%
•
f 11% Aug
21% Jan
15 %
36
36
Swift
Fdy—
;
Central
Central
6% '
5
Storkline Fur Corp common:-
July
33%
>
100
96%
;i
1
capital..—25
Indiana
39%
40%
30
V
—2
Texas
Xl0%
250
'3
15
3'
Sundstrand Machine Tool common-i—5 V
U
Campbell
capital
Nat-Stockyards capital
Standard
Apr
350
V
150
Jan
150
24%
.
Feb
6%
xl5
_w—•
Works
Lathe
Standard Dredge common
Aug
800
10%
46%
11%
24%
27% July
May
10%
19%
11%
17
Jan
400
43%
10
convertible preferred
5%
100
16%
10%
1.1
Ring common..
Brothers
Butler
26
16
*
—5
common
16
12% Feb
26
46%
High
82% Aug
43
Apr
3% Jan'^ v',!
4% May
17% Mar '
20
Aug
38%
6%
360
v
4%
19%
^
Stewart-Warner
5
Bastian-Blessing Co common
*
Belden Mfg Co common
10
Belmont Radio Corp
•
Bendix Aviation- Corp common—.5
Berghoff Brewing Corp
1
Borg-Warner Corp common.
5
Barlow &
42
r;:4%
'
1
30
Spiegel Inc common
5% Aug
14%
4%
Sep
Jun
7.800
3%
3
Low
30
82
41
__
95%
Common
7XA July
7
>
71% Mar "
High
/■ 82.
•
•
common.——
Sinclair Oil Corp—.—
6% July
Apr
15%
Co
&
Corp class B common—
Signode Steel Strap Co pfd-___
Aug
1%
Roebuck
Serrick
Aug
Jan
-12%
15%
1%
*
common—
common.
4 Sangamo Electric Co common.—
Schwitzer Cummins capital
_——1
Jan
115
Packing
Range Since January 1
Shares
Aug
4%
17%
26%
3
(Delaware)
Aviation Corp
,
.
17%
164
3
Athey Truss Wheel capital
Automatic Washer common
200
115
,-1
1
4
common
2,700
17
>■
of Frices
Low
—10
Raytheon Mfg Co 6% pfd
—.5
Reliance Mfg Co common!
———.10
Rollins Hosiery Mills common
—4
Jun
13%
57
50
8
Rath
High
64'A
Feb
17
17
5
common
Equipment Corp common
Asbestos Mfg Co
62
15
7%
-10
100
—100
Corp common
Public Service
American
53%
50
14%
*
common
62
62
8
Castings——*~5
Bearing common
1
Aluminum
Advanced
Aetna
common——
Mfg
Dj
(J
Adams
Low
High
62
—*
25
—*
Laboratories common
Abbott
Quaker Oats Co
Range since January 1
Shares
Sales
for Week
Range
•>•
Par
for Week
of Prices
Sale Price
stocks—
Week's
Friday
,
.Sale Price
STOCKS—
Sales
Week's
Last
V
.
Last
Chicago Stock Exchange
*
a—.
_
&
33
21
Tr_
a
_
_
_
a
13
7%
-
20%
a25
12%
6%
33%
31
115
21 y2
102%
286
Feb
20% Aug
'
a25
2
13
579
7%
Jun
1.745
20%
11
5%
Jan
,
106 %
Jan
Aug
38% July
23
Jan
27% July
Mar
13%
Jun
Jun
7%
Sep.
Volume
160
CHRONICLE
THE COMMERCIAL & FINANCIAL
Numbef 4313
.
OTHER STOCK EXCHANGES
RANGE
Last
.STOCKS—
■>'. \ '•••:
•
Leland
: •:
A;..1...
-
«
Electric
McKee
V,
class
G)
(A
Portland
Medusa
r
High
Low
B
41%
' ■'
..
■
21
—:
;
25
21
Jan
36%
25
a41%
_
Cement
.
20
Jan
17
50
20
20
$
Range Since January 1
LOW
High
Shares
of Prices
Par
•,
Last
STOCKS
41%
j
15% Mar
Aug
21% Jun
-
1
Acme -..Li—-
National
Refining prior pfd 6%._
al8%
•
Reliance
A; •'
Electric
Richman
Bros
Raisin
River
Paper
13
a
•
39
■»
"•■•v-o
:>
v. al3
3%
al°
130
65/8
>
■
■
■
Van
Vlchek
■:
Tool
Warren
a
Drug
/;
,*A"> '• AA
•;V'
a2%
i
Co
*
Rubber
&
Rayon
U
Jan
13
k
•\
Feb
July
29% July
common
*
Steel
a
Feb
51
Jun
39% July
35-
Feb
60
18%
Jan
250
35%
Apr
42% July
60
6%
Jan
10% Julv
60
•
a9%
17%
Feb
16
Apr v
21% July
-
17% al7V8
19% al9%
19 Vb
250
; .
:
25
i
-
;
July
;
20Va
McBean
Hancock
Oil
33
50%
Apr
35
13'
Jan
18%
18
12%
1.019
11%
Aug
13 % Mar
5
8%
Jan
11% May
12%
13
585
9%
Jan
14 Vb
Jan
62%
62%
410
52%. Jan
65 Vb
Jun
13%
300'
10
Jan
14 %
July
119
38%
Jan
49 y2
200
47
Apr
53
10% a 10%
13%
*
com
a
13%
a49%
a49
49%
common...
Jun
May
50
50
75c
75c
200
72%cJun
*
16
16 y«
900
8%, Feb
9%
200
8%
Jan
10
May
}'■> 4%
475
1%
Jan
6
Aug
4c
Jan
24c
10
Jan
14% Aug
30c
Jan
44c
Mar
614
15%
Jun
18 y4
Aug
3
11%
Jan
17
Aug
1,750
95c
Jun
37c
75c
*
Hunt
Bros
Packing Co pfd___^_
—10
Hupp Motor Car Corp
Oil
Jade
Company...
Menasco
Mfg
Nordon
Oil
Pacific
67c
Aug
1st
Corp
New York Curb Associate
Shell
Solar
Oil
Union
Jan
39c
May
60c
Jan
75c
Jun
3,000
7c
Feb
14c
Jan
30c
30c
10.000
25c
May
48c
Jan
32%
33
730
33%
Jun
371/4
37%
33%
34
32%
44
Aircraft
V;
'.•
';'4
;
35%
Jan
37% July
410
32% Mar
34% July
32%
100
30
Jan
32%
45
545
40%
Jan
46
*
28
500
9%
a52%
7
Jan
42
July
3%
85
Jan
4%
Jan
51%
Jun
42
42
82
36%
Jan,
23%
23%
160
23%
Aug
14 Vb
776
10%
Jan
14
4
4
-:
Jan
3
515
..
11% July
Feb
47% May
400
a52
Apr
8%
100
3%
Aug
July
May
5%
610
5%
38
3%
3%
15
•
1
Company
335
38
■,
*
30
Corp..
Jan
9%
1
:J
30%
5%
5%
__
•
Co.,
V
7c
—
1
Corporation
Oil
Sinclair
Chicago Stock Exchange
*30c
75c
__1
common
Safeway Stores Inc—
Security Company ...
Members
1,000
common
Aeronautical
Ryan
1.25 Mar
2,000
Co—
Oil
Oil
Richfield
Watling, Lerchen & Co
Co
Petroleum
Jun
25
25
__25
*
preferred
Ranch
16 >/4 July
25
Lighting Corp common
Republic
92%cJan
7c
common
preferred
1st
36c
1
1
1st preferred—
5 %%>
Rice
Elec
37c
-
97 %c
95c
1
Ltd
&
18%
a 16%
i_l
Co
Company
Gas
17%
95c
«.'■
200
1,100
al6%
1
Mng & Dev
Corp,
Oceanic
44c
1
Co
Oil
Diablo
14%
43c
10
j.
—_
Petroleum Co__—____
Merchants
Mt
Corp
13c
14%
10c
Angeles Investment Co
1,000
13c
1
...
Co__
Aircraft
•4
10c
.
Petroleum
Lincoln
9%
1
Co_^j
Lane-Wells
5%
Detroit Stock Exchange
55% July
1
Pacific
New York Stock Exchange
12%
a
•
Co
10% July
Hudson Motor Car Co_
63% July
al8%
a
common
Co.__
&
Rubber
Jan
7%
150
10
Radio
common
"A"
Co
Feb
a58'/4 a58%
*
Door
38%
.
&
Corp
Goodyear Tire &
Jun
"ri
common
common
45%
140
% a 38%
a9V2
*
——_1——
Apr
145
a38% a38%
•
•
Steel
Steel
S
8%
20
a55%
4
Equipment Co..—_5
Aug
-j 37%
a24% a24%
—
__
common
Ohio Oil common
Youngstown
2%
90
'"i a38
-tt
common
Iron
Republic
8% July
Jan
a49% a50%
,
common-
■tt
Interlake
Jan
Jan ?i
25
Motors
Gladding,
Los
Tire
Industrial
19 %
•
General Electric common..:—
Glidden
Jun
2
58
General
Lockheed
i Unlisted-*-.
Cleveland Graphite & Bronze corn- -1
Firestone
44%
5%
12%
12%
-
120
a44% a45%
AC-—
&
Television
High
Low
55% July
310
10
a55 %
1
Products Corp
Derrick
Farnsworth
'■9%
9%
*
Holly Development Co
11% July
-
ir.
Jan
a26% a26%
a
50
.
2%
•'1
Aug
July
'T
Jan
15%
1
America
High
4% July.
200
V-'
7%
a7%
«
Stores.
Motor
32%
125
al8V4 al8V'4
?.
Refining
Weinberger
White
Works
Iron
Dorn
*
•
3
a44% a44 %
_
13 %
,
Jan
4
*
Thompson Products Inc
Aug
39
Jan
of
Range Since January 1
Shares
Aug
2%
.
Jun
100
alO
*
a4
32%
;
1.199
a4
119
Apr.
11% May.
25
/
39
*a30%
,19% Aug
-
Mar
,v. 1%
500
V
Jun V
.-,.110
150
a2%
a2%
:-;v
V
-r
■
>4
Rubber
Seiberling
2%
m
13%
50
all9all9
=*
National Tile
18%
a
Electrical
Emsco
"
National
Creameries
Douglas Aircraft Co, Inc
for Week
Range
of Prices
Sale Price
Low
Aug
Sales
Week's
Friday
for Week
Range
Sale Price
*
/: '*>•/,.
.
SEPTEMBER 1
ENDING
Sales
Week's
Friday
WEEK
FOR
42 y2
Aug
27%
15
Apr
July
4% July
*
9%
10
May
25
24%
25
2.001
22%
Apr
25
Aug
6%
31%
31%
453
30%
Apr
32%
5 % %
30%
30%
767
29%
Jan
31%
Feb
180
34%
Jan
37%
Aug
470
24%
Jan
33% July
39
Chain
Sontag
DETROIT
Ford Building
Telephone: Randolph 5530
So
Stores Co,
preferred class B
25
preferred C
25
Calif Gas 67c pfd class A__.—.25
Southern
Pacific
Oil
of
w'**•.!
Y'1''"
C-*Y\
'*
"
Friday
\
Last
STOCKS—
Briggs Mfg
Brown,
common
McLaren
Consolidated Paper common...
Continental
Motors
&
Detroit
Edison
Detroit
Iron
Steel
Frankenmuth
Trailer
Fruehauf
Gar
Finance
General
Goebel
Brewing
common
Lock
__
Drug
Masco
Mfg
-2%
Screw
]
common
Abr
Feb
7
Aug
Feb
14
Jun
Aug
5%
6.584
1%
12
Car
Davis
Parker
Rust-Proof
105
14%
Jan
18%
685
8%
Feb
16 Va July
1%
7.015
57c
300
87c
200
1
1%
400
65c
Parker-Wol
Prudential
Invest
(HW)
Pr
r
Udylite
'
Jan
3
2.250
1%
Jan
3
Aug
5%
5%
1.411
3%
Feb
6%
Aug
30%
30%
130
26%
Apr
31%
Aug
21%
21%
100
18%
Jan
22% July
13
13
•
■
V)
•
•
1
9
1% Feb
2%
178:
1%
325
3
Jan
400
3%
Jan
1.575
9%
Apr
Jan
4
Tube
"B"
4
V
11%
11
Invest
1
U
S
Radiator
=--5
1
common
1
—
•i'
Aircraft
Los
3% July
2%
660
1% May
2% July
5%
900
2%
Jan
6
5
400
4%
Jun
5%
£
v;;:r.
4
100
5%
Jan
8% July
200
2%
Jan
4% July
32
28%
Jan
4%
4%
700
1%
Jan
1%
1%
5%
i,;
Jan
3%
3%
•
July
8%
1%
2.800
34
34
•
4%
1
common.
2% Mar
'
class B——
Wayne Screw Products common—
3%
110
8%
3%
-34
_
a
Warner
Jun
100
3%
5'
:
8%
—
50
Preferred
5%
5%
■
common..'
Universal Cooler
Jan
12
2%
2%
__
Specialists
Aug
4% July
5%
1
_
3%
vv
5!/b
;
3%
_
Aug
3%
1
_
common
Jun
2%
2% July
Jan
3%
10
-
i.%?
•
2%
3%
--
__
_
13%
Jan
110
900
2%
2%
1
v_
common
Aug
2%
common
common.
10%
5%
—
*
Pattern
7% July
Jan
2
common.
common.
common
United
Aug
5
<t
Union
1 %
5%
'
Mfg
Standard
May
162
—
Scotten-Dillon common
Sheller
Aug
30%
common
River Raisin Paper
Simplicity
3%
100
».
1
Feb
Jan
7%
2%
-
Mtl
h Aug
36c
Jan
Vz
10%
...
common..
common
Peninsular
Aug
1% July
Jan
24c
700
1
May'
1%
100
1%
3%
26c
1%
Jan
50c
7%
•V,
...
_
Aug
18
10%
5 Or.
common.
common
41%
16%
1 %
1%
5% V 5%
*
;
.
98c
3%
500
37
July
4% Aug
Jan
2
Aug
Jan
5%
Aug
;
"r/,
V
Aircraft
:
;
:-
.v
'"v, ! :*;
.
/
50c
4%
514
'
2
7.350
-
Bandini
Petroleum
Barker Bros
Blue
Company
1
Diamond Corporation
Bolsa
Chica
Oil
Corporation
Byron Jackson Co
*
—.
100
4
16%
*
2
1
Corp common..:
16%
*
2.35"
2.40
i
1.85
1.90
-
v
a24
1.128
a23 % a24
120
Cessna Aircraft
^
For
:
footnotes
see
page
92%
5
•
•
Consolidated Steel Corp
4
4
._1
Co
Chrysler Corporation
Preferred
65
12
t.-V1
92%
11%
12
24%
24%
1015.
■
350
170
Corp
Aviation
a23% a23%
Jun
17
Apr
22% July
18%
Feb
20% July
12
Jan
15
;•
19
13%
200
6%
300
7
7
3%c
4C
1.25
1.25
2%c
2c
3%
Jan
May
6% July
5% May
250
1 %c
2,000
Feb
7% July
5c
May
100
1.10
Jun
1.45 Aug
10,000
%c
Apr
3%C July
Pacific
Ry
Graham-Paige Motors
Int'l Nickel Co
4
Aug
9% May
95%
Jun
1.030
9%
Jan
13% July
967
20 %
Jan
24% Aug
Jan
North
Oil
Ohio
Packard
Company
Paramount
34%
Jan
41%
Apr
66 Vb July.
Pennsylvania Railroad Co
Phelps Dodge Corp
Pullman Incorporated
Pure Oil
Oil Co
(Ind)
(N J)
&
Texas
Corp
Company
Texas Corp
(The)
*
Willys-Overland Motors Inc
Woolworth Company (F W)
1% July
14%
124
11%
Jan
15% July
a
..Feb
P
Jan
8%
Jun
35
30% Mar
32%
Jun
25
16
5%
460
418
8
,
5%
Apr
4%
Jun
19% Aug
6%
Jan
11%
Aug
11%
100
10%
Aug
38%
370
35%
Feb
39 % July
41%
330
40% May
43% July
5%
4.935
1%
a
18% al9%
60
33%
426
32%
Feb
7 Vb
Aug
28%
20
175
Jan
36% July
25%
Apr
31%
12
Jan
19% Aug
30%
Feb
33%
Jun
Aug
8% July
500
6%
Apr
20
65%
Aug
65% Aug
a24%
10
23
Jan
23
Jan
a49% a50%
88
42
Apr
50
Aug
15%
Jan
21% July
8
7%
a 24%
a
63%
V
19%
640
8%
8%
210
7%
Jun
9% July
19%
19%
145
16%
Jan
19% Aug
al7%
70
18
Apr
19% July
5%
375
a28% a28%
30
19
al7
5%
3%
Jan
6% Aug
25% May
28%
Jun
Jun
a29 %
329
26%
Jan
30%
22%
22%
a48% a50 %
270
20%
Feb
24% July
180
41
May
50% July
16%
16%
195
15%
Feb
18
Mar
II
11
384
8%
Apr
12
July
19%
22%
a50%
19%
150
16%
Apr
21 % July
a29
U
-
a21%
a21% a21%
30
July
24% July
a96 Vb
a95% a96%
123
88% Mar
97% July
230
12
Feb
14% July
13%
15
*
13%
24
50
22%
Jan
28
a30% a30 %
5
29%
Apr
31% July
..25
a31% a32%
115
32% Aug
34%
..25
a537/8 a54%
150
53% Mar
55% May
705
13%
Apr
20
272
31%
a26
1
..25
19%
a26
19%
27%
Jan
a46% a47%
50
46%
Apr
35% a35%
25
33 V* May
al5V4 a 15%
a29%
120
a29% a30%
•
-25
*
a
10
/
80
80
150
13%
Jan
78 Vb
Feb
108 Vb May
July
Jun
July
Feb
49 % July
37
July
16% July
82
July
108 Vb may
al08%al08%
1%
130
22%
Apr
34
Aug
a28% a28%
—5
30
a32 Vb a32%
28
26%
Jun
30
July
1%
100
1 Vb May
2
July
50
Jun
1%
43%
Apr
a50% a51 %
.50
„1
16%
.10
a42%
90
a58% a58%
a46% a47%
317
60% May
62 Vb July
55
42% Feb
52 % July
al04%al04%
a58%
Telegraph Co cl A.
Westinghouse Elec & Mfg Co
3.070
Feb
a63 %
Oil Co
*
Corp—
lioo
Pacific Railroad Company5
Air Lines Transport
Western Union
1%
%
•
Carbide & Carbon
Aircraft Corp
United Corp (Del)
U S Rubber Co
United States Steel Corp
12% Julv
Feb
19% al9%
-
Gulf Sulphur Co
Water Associated
Jan
4%
a38% a38%
a29'/2
America.
Republic Steel Corp
Seaboard Oil Co of.Del
Sears, Roebuck
Co
Socony-Vacuum Oil Co
Southern Railway Co
33% July
8%
115
a29% a30%
—50
——25
*
*
•
Mar
80
a4%
I
13%
a
30
July
al0%
a31% a32
57/a
Corp of
Radio
25
Jun
15
4%
al9%
Company
20
13% May
:t4i%
-*
—1
Car Co
Pictures Inc
23% Aug
11%
*
1
-_)0
*
Motor
Feb
38%
•
Company
North American
Aug
19%
73
57%
5%
-18
Inc
& Co Inc
RR
American Aviation, Inc.
5V4
115
V/b
Robbins,
July
70
219
7%
*
Montgomery Ward
New
York Central
3% May
266
Aug
6% July
a44 % a46%
a
of Canada
United
Jun
56
4 VB
4 Vb
Aug
July
28
a27% a28%
7
United
May
265
6 Vb
a66% a67
vb
14%
*
2.00
73
a
Corp
Union
22%
u ' 1
Llbby
Inc
McKesson &
Jun
Jan
Apr
a4%
Libby, McNeill &
Union
Apr
5
alO
Kennecott Copper
Tide
45
6%
262
al3% al3%
a31%
Loew's,
Feb
July
163%
Jan
12%
a61 % a61%
a45%
32 V4
6%
17
12%
Jan
24%
4%
1
*
International Tel & Tel
Jan
156%
240
12%
6Vh
a66%
1
5
—*
■,*
pfd
9
698
a26% a27%
a22% a23
15
25
*
*
1
1
—5
5
Corp
Northern Railway Co
Great
205
al63%al64%
12%
al64
5
;
Co.:
Columbia Gas & Electric Corp
Commonwealth & Southern Corp
Cons Vultee Aircraft Corp—
Continental Motors Corp
Continental Oil Co (Del)
Crown Zellerbach Corp...—
Curtiss-Wright Corp —
Electric Bond & Share Co.—
General Electric Co..:
—
General Foods Corp
2.50 July
84% May
Aug
10%
6%
•
Co
Borden
Canadian
1.30
Jan
15
Jan
13%
vtc——13
5
:
*
Co
Boeing. Airplane
5% July
21,
55
65
•<-'
100
Central Investment Corp—
Jan
Feb
8%
18%
r
Sanl Corp
Tel Co
Bethlehem Steel Corp
1.80 Jan
923
-
Jan
3% July
12%
165
-
-
High
Low
5%
4
13%
1.502
10
18 7%
19
July'
7% July
3.833
14"% al4%
:i
Stan
Locomotive Works
Baldwin
Studebaker
Range since January 1
High
Low
Par
Accessories Corp
a23%
100
50
Armour & Co (111)
5
Atchison, Topeka & Santa Fe Ry_-10G
Aviation Corporation
3
Swift
Shares
of Prices
&
Standard Oil Co
for Week
Range
; Sale Price
a
10
Copper Mining Co
Anaconda
Standard
Sales
Week's
Friday
Last
'
•
STOCKS—
25
al4%
*
Standard Brands Inc
Angeles Stock Exchange
'
..
Rad
Bendix
100
13
Feb
Stocks—
Unlisted
Amer
May
1
_
_
common.
Motor
Parke,
Rickel
4
2%
10
Preferred
Packard
Jan
200
1%
common.
Micromatic Hone common.
Mid-West
5% Aug
3%
*
Sugar
7% Julv
Jan
4.290
26c
Die Casting common
Michigan
Jan
3%
87c
1
McClanahan Oil common
Michigan
Jan
4%
1%
1%
1
.
29%
2.992
5%
13
1
Products
100
7%
18
«
common
3% May
Jan
3%
Mining Co
Gold
American Tel &
16 Vs
it
..
V
(
Sep
41%
4%
5%
1% Aug
13%
2%
3%
Feb
5%
Jun
'
200
3%
35%
320
,
7% July
21
11% July
3%
1
common
75C
1.032
6 %
10
1
Cons Chollar G & S Mining Co—1
Imperial Development Co Ltd
25c
Jun
Jan
1.000
2.230
36 %
6%
Mining Stocks—
Juneau Gold Mining Co
Cardinal
Aug
8%
Jan
4%
5%
16%
Jan
36
1
...
Alaska
Aug
2% July
Jan
18%
1%
7
1
common
4%
.4%
13%
41%
7%
1
Car common
&
Kinsel
3
..
_
Hoskins Manufacturing
Hurd
%
u; :';?■■■■ ::-:7
1
common..:..
7
1%
13%
'• ' "Li
common
100
1.370
2.205
7%
20%
13%
1%".
5
common
Motor
7%
5
.
305
16%
16%
6%
IIoudaille-Hershey class B.
Hudson
Feb
20%
common
Graham-Paige
Jun
14%
44%
Jan
1%
6%
Industries common
Wood
27%
800
20%
common
Brewing
200
1%
20
_
Corp
42%
I
....
9% July
"1 %
common __10
Nav
common
Gray
Detroit
common
Cleveland
Detroit
2%
Jan
42%
10
__
Jan
^
1%
1
_
9
29'%
Feb
Jun
1%
6%
900
2%
8%
42%
..
common.
2
9
*
.
Range since January 1
Low
High
1.410
2%
Baldwin Rubber common
Shares U
High
Low
1
Electric common
Allen
for Week
Range
29
2
Transcontinental & Western Air Inc__5
Union Oil of California
i
25
Universal Consolidated Oil Co—__._10
Yosemite Portland Cement pfd
10
Sales
of Prices
Sale Price
.
37%
37%
*
Calif
Taylor Milling Corp
...
Transamerica
Corporation
Detroit Stock Exchange
»
Co
Oil Corp
Sunray
7% May
275
9%
•
Co
Standard
Week's
Ltd.—;
Calif Edison Co Ltd
Southern
20
93
I6V4
a417% a42%
366
15%
55
Feb
99%
Jun
6% Feb
19% Julv
Jan
42% Aug
37
THE COMMERCIAL &
1012
Monday, September 4, 1944
FINANCIAL CHRONICLE
i
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK
SEPTEMBER
ENDING
1
Philadelphia Slock Exchange
Range
Shares
American Stores
Wheel
R.irfri
J
preferred
Prior
—
Delaware Power
Storage
Battery
§SS
Motor!
*684
529
61V.
3%
62V.
4
1.389
275
10%
-
243
240
5%
29%
175
5%
5%
28% 29%
175
180
5.429
2.335
45
Philadelphia Electric Co common
•
si
preference common
Phila Elec Pow 8Vo pfd
2»
Phila
Insulated Wire
—I-——
20%
19% 20%
25% 25,4
29% 29%
15% 15%
34% 35%
5.155
1.386
;'%518
,
50
r 40
Salt Manufacturing
Penna
RCiast
2nd
Reo
preferred
preferred
Motors
.
-
Mining
Tonopah
Preferred
common
preferred
.
Gas Improvement
Inc
$3
—
United
Westmoreland
14%
42%
58%
1%
-
32%
27 ,s
11/8
38jk
}%
__
1%
1%
35%
1%
20%
.
—
36%
1%
—
\h
l
u>7
1%
305
1%
357
36%
363
1%
6.445
20% ~'
56
%
,
—
78
7% Mar
7% July
5%
Nat Gas Co
Arkansas
27
Established
180
Sep
22
Jan
'••v;
34 %
Feb
17%
1
Columbia Gas & Electric common
Devonian
Oil
Duquesne
Brewing
■
—
Jun
,
,
!
Phone
CEntral 7600
Chicago Board of Trade
Associate Member Chicago Mercantile Exchange
New York Curb Exchange Associate
31% Aug
Bell Teletype SL
St. Louis Stock
14% Aug
43
Feb
;■/,*
60% Aug
Jan
Par
1% July
Jan
Apr
Jun
Jan
37
American
July
2%
Jan
20 %
Aug
Inv
Shoe
Brown
Burkart
Mfg
Low
—1
10
1
5
common
Electric Co—
Coca-Cola Bottling common
Columbia Brewing
common
43%
Century
-
—
5% Mar
280
14%
2.080
3%
18%
13%
47
15%
108%
——
5%
Steel
11%
12
*
:
108% 108 %
101
100
Apr
Jan
preferred
Jan
16
July
40%
Aug
0
—*
com
5
Jun
6%
Apr
37
10
35
Apr
9
1,125
5
Apr
15%
16
92
13
16%
16%
21%
21%
55
15
Jun
112% 112%
42
106
Feb
37
37
*
8%
common—25
Steel
__
*
135
*
8%
205
6%
Jan
1%
1%
50c
353
1%
192
49%
50
1%
41
Jan
2
Feb
July
Jun
FOR
common
St
Pub
Louis
1st
Serv
LISTED
WEEK
ENDING
Range
7%
Oil--
&
Gas
Acme
'
Corp
Ltd
Canada
Anglo Canadian Oil
Huroniau Ltd
Aquarius Gold Mines
Gold
Arjon
&
Apr
58
Jan
8%c
9c
2,500
7%c
Sale Price
•'
1.50
700
1.10
11c
24c
11c
22c
11c
25c
12%
12%
55
__
97
97
35
V:
960
May
Building
Bunker
Burlington
16,500
10c
Jun
14c
Feb
Apr
33c
Hill
8% Mar
13
99
May
87%
Aug
99
96
Jan
58 %C
Jan
76c
Feb
1
Mines
Bagamac
—!
Bankfield Cons Mines.,
Bank
of
of
Nova
Base
Metals
Mining
Power
Bathurst
Bear
100
Toronto
Bank of
Exploration
A
*
8c
2,000
Aug
Apr
28c
2,000
27c
Aug
8%c Jan
58c
May
Canada
31 % c
18c
20c
27,300
55c
117,900
104
78c
107
125
88c
62,800
3.95
4.25
2,970
39c
July
103%
Jan
28c
8.05
Apr
July
July
Canada
71%a Aug
107
Aug
,
-
3.20
v
11c
12c
Jan
4.40
.
July
23c
Apr
Feb
24c
Aug
Biltmore
Elue
Hats
Ribbon
May
Canadian
May
265
Aug
Canadian
15c
11.100
15'A
138
125
419
8.60
9.00
10c
Jan
24 %c July
13%
Feb
16% Mar
36c
1.10
2,400
Jan
1.70 Mar
21 % njan
151
Aor
8.50 July
1,100
1.00
Bobjo Mines Ltd
Bonetal
Gold
Bralnrne
Mines
Mines.
Brantford
Brantford
1
60c
May
&
Distillers
..
2.89 July
class
of
Jun
New
Car
-
Columbia
Packers
common
&
Foundry
page
1015.
July
20c
2,500
6%
6%
6%
100
4
% May
7
Aug
111% 111%
10
110
Jun
112
Jun
3,625
2.24 Mar
Preferred
_
Industrial
Canadian
215
53
220
43%
Jan
53
Aug
580
90
Jan
122
Aug
160
40
145
Jan
160
Jan
12% Mar
31%
Jan
40
Aug
Aug
70
70
5
Oils
preferred.
9% Aug
Canadian
Pacific
Feb
28 %c
14%
Aug
27
Jan
45
Apr
Mar
395
8%
Jan
16
250
22%
Jan
24%
17
17%
1,185
12
Jan
18
9
25
8
Apr
26%
27
665
24%
Jan
41%
25
42
145
35%
Jan
45
Jun
141% May
155
July
27
Aug
Aug
Julv
10% July
1
28
Mar
57
*
A
65
15
Jan
20
Jun
57
70
44
Mar
61
Jun
6 %
265
55
v-
40
75c
2,850
20%
20%
25
144
45
5%
6% July
Jan
21
71
Apr
July
85C
Jan
60c
July
21%
18% May
Jan
Feb
144
Aug
10% Jan
14
Julv
14
15
Aug
133
11%
11%
15
15
10
2.00
1.85
2.00
1,400
1.20
1.25
1,000
2.10
2.25
10,085
13c
14c
7,800
8%C
Jan
21c
May
24c
25c
3,500
17C
Jan
48C
Mar
•
_
__
61
70c
143
20%
__
Castle Trethewey Mines
30
19
59
70c
«
Ry
154
6%
_
Quartz Mining
152
18%
152%
_
1
11%
2,783
Jun
1.50 May
2.00
Aug
Mar
1.26
Aug
90c
Apr
Jan
Gold
Jan
40%
9
—25
Canadian Wallpaper A
5;v.
657
16
_
_
Aug
8% Mar
1,620
17
9
_
155
~'T\ 155
8
44
24%
«
—_
128"
153
7%
152
15%
•
_
70
23% Aug
23%
*
.
Jun
Jan
23%
*
Malartic
Canadian
20c
65
18%
10
22
43
8
20
common
Alcohol
Jan
17 %c Aug
•
9
common.
6%C Mar
Aug
9%
121
Products
Oils
Cariboo
9 % July
Jan
8%
170
Locomotive
67c
Feb
52
100
.
Food
Canadian
May
120 120%
•
_
Canadian
1.50 Aug
6%
25c
11%
common
Canadian
11.00 July
18c
8%
8%
*
_
Celanese
ADr
8.400
11%
26%
26%
18
25%
Apr
71/2
7%
25
6%
Aug
21%
22%
21%
Anr
*
Jun
1.82
20c
_
preferred
Canadian
5,035
8%
Aug
7% Aug
Central
Patricia
.
Mines
Mines
Research
Corp
1
...
1
Jun
Chesterville Larder Lake Gold Mines—1
Aug
Chromium
200
23 y4
1,410
21
Mar
23% July
Circle
24
24
25%
190
22
Jan
27
Cochenour
July
Bar
Mining
& SmsliiiJlg
Knttting^-_i^^4_--
WillanS
Gold;
2.25
1
8%
8%
23
—
1
24%
8%
Aug
Gold
Central Porcupine
Chemical
23%
British
26
Jan
1.70
25%
1.70
39%
"A"
_
Jan
Feb
550
22
24%
15
25%
21c
•
preferred
31
Mar
4,706
__
Jun
38
.
157
50
21c
5
July
July
11%
common
Dredge & Dock
10
14%
__
5c
11
8% Jun
25
.*
common
Canadian
Jan
14
—
Jan
155
Commerce
Jan
2.45
July
20%c
Oil
see
7
43%
14
*
American
footnotes
I
21c
preferred—_I"I_25
British
For
14c
15
1
Aug
•
Brazilian Traction Light & Pwr com__*
Brewers
110
7%
47%
13'Ac
8%
30
9%
7%
22c
1
Ltd
Cordage
Roofing
14c
9%
14,400
30c
47%
21
Jan
3c
Jan
,100
1st preferred
230
29
—
10%
9%
1.75
._«■
Cable
Canners
Aug
129
29
__
15%
2,000
:
Feb
6.20 July
25%
•
180
265
155 155%
__
3%C
•22
&
July
Conv
__
__50
■
.
*
*
Breweries
Aug
77,845
•
common
8%c
Jan
5%c Mar
260
19%
3%C
Apr
Jan
50
146
23,913
•
Corp
Preferred
Apr
3.55
93c
.
1
Bank
270
25c
4%c
2.500
Jan
1.40 May
*
Preferred
■July
1.87
30c
Mar
19%
19
3%c
1st pfd
Canadian
229
1.93
1
70c
10%
•
—
*
Canadian
Bidgood Kirkland Gold
21,900
'
3
Jan
*
14
.
69c
1,820
Steel
Wire
77
1.78
1.07
100
54,100
19,400
Class B
13c
9.00
2%
1.04 May
180
1.61
l
;
1.85 May
1.19
High
24%
19% May
6c
Permanent Mortgage
Steamship Lines common
270
1.93
1
Quebec Mines
Berens River
v-
Low
.110
22
6.00
Preferred
263
—
Range Since January 1
High
5%c
Packers
175
-1.87
100
Shares
6c
Malting
264
*
class A
Bell Telephone of Canada
Belleterre
7,400
15,230
1
Beattie Gold Mines Ltd
Beatty Bros,
13c
12c 13%c
—
for Week
5.40
*
Canada
11c
Mar
Sales
Week's
of Prices
1.13
1.18
"
18 %c
1
Radium
&
/
Apr
5%c
Canada
8c
14c
•
class
Sep
66%
6.00
Canada Cement common
Canada
__
101%
21%
100
34 %c July
—
Feb
60 % May
5%c
cla#A__
May
100
Scotia
97%
2,700
•
Oils, Ltd
260
100
—:
Montreal
Bank
$11,000
63%
•
common
17c
„.
35
Mines
Gold
Bread
2,600
13c
1
12% July
Jan
90c
Bread
25c
4.20
Feb
31
Mines
Gold
Canadian
1
9
234
83 c
Canada
Jun
24%c
5.75 May
889
48c
1
3- 25
86c
Canada
101% July
1.15 Aug
104
87c >
11
'
Jan
1
July
33%
1
Ltd
Calgary & Edmonton Corp Ltd
Calmont
55c
27c
Mines,
Extension—
Caldwell Linen
July
Jan
89
2,300
20c
1
Wiborg preferred—_____100
12
July
7,800
27c
16% Aug
Jun
2%
Products Ltd—.
1.79 Mar
65c
7.20
1.15
8c "
1
Jan
10
_*
Ankerite
Canadian
62c
7.00
1.00
1
21%
*
Oil
Buffalo
__
1
_•
Oil—
Porcupine
Buffalo
63c
7.20
1.05
*
*
1
11
110
LOW
—
Aug
15c
■
55
Aumaque Gold Mines
Aunor Gold Mines
14c
Jan
170
Mines
Brown
Par
••
Power class A
Dominion
Brouian
49% Aug
115
Jun
1.50
—
310
10%
■
27
25
89
,
4% July
Columbia
Class B
British
High
Apr
6,645
100
Mines Ltd
Aubelle
2%
3,025
100
Mines
Astoria Quebec
Ault
•'
87%
Gold
Armistice
3%
49%
101
100
Mines Ltd—
Gold
Low
88%
Anglo
Area
Range since January 1
High
•
5%
•
Shares
pfd—100
common
of
Co.
British
for Week
__
—100
Aluminium
Sales
*
common--
Preferred
Aluminum
—
1
Copper
Steel
Algoma
3%
"
Aug
16%
Range
Last
STOCKS—
1
"
—-—■—
Ajax Oil & Gas
Alberta Pacific Consol Oils—;
Aldermac
of Prices
44%
100
48%
135
J
Funds
Week's
*
44
Mar
MARKETS
SEPTEMBER
Exchange
Low
100
100
Jan
124
63%
1964
25-year conv inc
.
common
32
17
BONDS—
Aug
2
50',2
Feb ;
Baer & Fuller
Friday
Toronto Stock
Power & Power
604
8% July
1%
preferred
preferred
Aug
Mar
37
101% 101%
101%
Wagner Electric common
16% Aug
21% Aug
115
10%
mtge 5s——1959
Stix,
Aug
July
33%
33 %
Aug
4
Apr
>
11
—10
15
10
Jan
17
16 %
*
common.
Jun
9% Juiy
12% May
112
Sep
37
135
36%
36%
-100
3%
RANGE
6%
Apr
Jun
5
u.
7%
CANADIAN
Abltlbl
Sep
Aug
1%
50
common~u
127
49%
Par
12
106
5%
—.
Dry Goods
615
1%
Sale Price
45c
75
1 %
Jan
Aug
106
5%
100
9%
*
STOCKS—
10
Jan
common
4
8%
Last
Aug
7
—
Candy
4 v
Friday
Sep
11%
9%
257
1%
20
9%
Canadian
13%
Jan
35%
Metals common
Scullin
12
106
11%
1%
Jan
6%
100
Bearing
Rice-Stix
50
Aug
..
106
__
11 %
18
11%
Aug
Feb
260
common
Preferred
20% July
109% Aug
13%
ii.
11%
■
8% July
23
175
26
30
27
14%
Cement
National
Sep
Jun
40%
Portland
16% Aug
Feb
5%
14%
National
Aug
23%
39%
Missouri
1st
0
Corp
20 %
Jan
18'A
;
Feb
5%
common—
Pittsburgh Brewing
Preferred
16% Jan
75
20
16%
10
•
-:
11% July
Jun
—'
Flreproofing
National
Jan
3%
4%
10
—1
Supply.
Fuel
Mountain
7%
80
7
;f
Aug
Aug
•
common
Laclede
Jun
4
195
100
Mfg
4
2% May
3%
4%
Co
10
530
6%
V
_100
common
Knapp Monarch $2.50 pfd
Laclede-Christy Clay Prod
29% July
.
10%
*
Koppers Co preferred
Lone Star Gas
McKinney
Key
High I
16%
Walker Refractories—
Harbison
Range since January 1
45
13%
13%
100
Preferred
5%
__
*
5
—
.—.
Jan
25%
Hydraulic Pressed Brick common—100
1
5
Pitt Brewing—
Fort
Ligonier common
40
100
29%
6%
7
Jan
9
205-
43%
1 r
High
Low
8%
42
29%
®
„v
—
Range since January
Shares
High
8%
1
common
common
for Week
of Prices
Sale Price
STOCKS—
Sales
Range
Last
Aug
2
Mar
3%
20
593
Exchange
Week's
Friday
1% Aug
1
4%
4%
V'Vf'
38% May
Mar
Apr,
J
Missouri
Chicago Stock Exch.
36% July
Mai
24%
Co.
St. Louis Stock Exchange
International Shoe
110
&
,
Members
New York Stock Exchange
26% Aug
Low
28
1871
North 4th St., St. Louis 2,
300
31% Julv
10%
0
*
•
1°
common
Co—
Blaw-Knox
28
*
Ludlum Steel-
Jun
28 % July
Apr
Jun
Preferred
Shares
184;
11 Edward D. Jones
10% May,
Huttig (S & D) common
High
Low
Par
Allegheny
of Prices
Aug
Aug
21%
275
27%
7
10%
33%
St. Louis Listed and Unlisted Securities
for Week
Sale Price
8TOCKS—
'
Feb
Aug
Sales
Range
33%
26%
July
July
Pittsburgh Stock Exchange
Week's
Jan
Aug
10c
30% May
66
10%
33%
;.
East
Jan
6%
8%
Jan
2c
3%
j
,
2.524
7
10%
•
Westinghouse Air Brake
Hussman
Friday
Jun
Jun
4
Jan
Jan
1%
1
31,4
1
15
6%
7
1.000.
.
-
47% July
Jun
Jan
53% Jun
107
Steel
Alloys
Vanadium
66
*•»/« <Jan
50
120
8c
Jun
1.00
4%
310
8%
8c
1
1
■*
Springs
Steel
16% Aug
;
Jan
5
14%
43
58%
42%
25
25
*
*
*
10
-
Corp
—
-——
Transit Invest Corp common
United
30%
—
common
oil
38% 38%
30% 31
-
1
*
*
—
..
Paper
Scott
SUn
5°
50
—
--—.
—
15%
34%
3
Corporation
Philco
—
v>
8
Jun
6%
May
65c
55% Aug
:
28 /4 Jun
15 /8 Apr
25/8 Jan
Pennsylvania RR
325
121
Feb
4%
10"% Aug
*^,/2
18% May
—
Mining
Toy
Standard
Jun
98
*/a <J»n
1
50
50
Pennroad Corp
Jan
12% July
8/s Jan j
4% Jan
5% Apr
V,;336
9% 10% J
5% 5%
6% 7
■
5%
6%
July
11
61V. Feb
3
Feb
,1
RR-l-
Jan
6
85c
15% Aug
Jan
95
85c
5%
5%
12%
88
187
1
Shamrock Oil & Gas common—1
26%
^% May
^*4
62'/,
10
Engine Co
Aircraft
16%
44%
40
15%
117% 118%
"
Bros—.—-————
San
52
5 Mar
40/8 Apr
44%
&
•
———1
——
23% Aug
78% Jan
80
2.038
77
Reymer
19% July
Co
High
Low;.
High
15%
__
118
1
Range Since January
Shares
164% July
7% Apr
50
,
15%
—
Lehigh Coal & Navigation--—.—'6
Valley
50
National Power 4s Ligtit,
•
Lehigh
10
511
Renner
Low
1
25
—
Corp
& Bolt
Pitts Screw
High
Jan
Jan
Apr
Feb
Apr
Jan
44%
1
Jacobs
10 T
92% 92%
10% 10%
55.
555,e
13%
& Light <wd>
fflectric
10
10%
55%
.
*
*
——,
130
24%
11 %
10%
5
-
50 ;
24%
10%
14%
156
18
34,4
21_a
,,, 5%
89
572
161
—
*
CO
Chrysler Corp
Curtis Pub Co common
17% 18%
163% 164%
' 22 % 23
—
164
January 1
Low
50
*
—
Tel & Tel
100
Baldwin Locomotive Works v t c
13
Bankers Securities Corp preferred—50
Barber Asphalt Corp
10
Budd (E G) Mfg Co common
*
American
Range since
High
Low
Par
Sale Price
Pittsburgh Forgings
Pittsburgh Plate Glass
for Week
of Prices
Last
of Prices
Par
Sales
Week's
Friday
Sale Price
STOCKS—
for Week
Range
Last
STOCKS—
Sales
Week's
Friday
1
.
24c
-
•-
1.20
•
_.
1.19
1.23
3.481
1.60
1.60
100
14
1
13%
1
14
75
2.38
2.15
2.40
38.706
1.62
2.50
Jan
1.72
1.26 Mar
1.57
July
Jun
:
Feb
2.16
1.17 Aug
13
Jun
July
14
Sep
2.40 Aug
Volume
THE COMMERCIAL &
Number 4313
160
LISTED MARKETS
CANADIAN
RANGE
Friday
Commonwealth Petroleum
•
1
*
Coniagas Gold Mines
Co
Plow
Lake
Coin
—
,
32%c
—
Conwest Exploration
x
100
—
—
Crow's
38
Jun
14'/a
Jan
38% Jan
141
34:
8,755
1,160
537
—
220
220
2'/a
11%
29
13
709
305
110
Power
*
Negus
Noranda Mines
Nordon
Petroleum
Mines—
Nickel
Denison
3c
200
4c
5.000
2J/2c Aug
1,790
25
"
,*
27%
27%
25%
25%
'
'27%
•
Dominion Steel class B
25
Dominion Stores
"
Dominion Tar & Chemical common—*
Preferred
...—.—100
Dominion Woollens common
*
25%
Ltd—
Mines
Dome
Steel com
Dominion Foundries &
945
5c
9'/a July
8
987
7
Apr '•*"
12 y4
260
9%
Feb
12'A July
Jan
14
Apr
112
Mines
Sullivan
East
Federal rGrain
Fleet Aircraft
of Canada class A
Ford Co
Co
Foundation
Frobisher
General Steel Wares—
Preferred
—1
.
Eagle Mines
Gate Mining
Mining
Bousauet
Bridge—
Hamilton
Hard
Mines,
Harker Gold
Gold Mines
Harricana
Mines
Highwood-Scarcee
Hasaga
Hinde
Oils
Preferred
Inspiration Min & Devel
Preferred
33c
Jan
78c
72c
22,300
"
9.10
36,500
5c
Feb
3,000
'
10% July
"
8c
15c
Jan
38c
2,000
2%c
10c
12c
28.750
4%c
2,666
l%c
Jan
98
100
150
84%
Feb
55%
110
52% Mar
3%c
5c
2,800
5'A
292
24
24%
275
5
5%
650
•.c; 23
205
8%
8%
'
Jack
•/'.
•••
]• -v.v
%• 7%c
July
6%
5%
Jan
Jun
25
15c
Aug
40c
July
Jan
9
J
Jun
Mines
Kerr-Addison
17
14% May
5%
165
Jun
5%
Sep
88c
20,480
83c
Jun
1.29
Jan
Sladen
7%C
16,800
4%c
Feb
9c
Feb
Slater Gold
37 %c
32c
38c
34,600
31c
July
47c
Jun
South
38c
38c
39c
1,000
38c
Aug
75c
Feb
lie
lie
500
9c
July
15c
July
Springer Sturgeon
Standard Chemical
17
50
17% Aug
Jan
13
May
26c
Apr
39c
6,420
31
875
15%
15%
15%
250
190
198
51
July
.
3.70 Mar
2.90 July
Apr
'•
5c
May
42c
July
32
July
Jan
17
Aug
July
198
Aug
26% Mar
11%
160
13%
13%
14
2,119
12%
12%
12%
310
Apr
Jan
10'/2
15% July
13% July
12%
7»A
7'A
150
7
Jun
12%
150
9%
Jan
12% July
6'/2
Jan
54 %c
Feb
7%
7%
7%
200
74c
73c
75c
10,200
23
Mines—„
Jun
9
Jun
1.00
25% July
Laura
Lebel
Secord
Candy
z.
Loblaw
Lake
Red
Gold
Mines Ltd
1.624
28
Apr
35% July
Transcontinental Resources
22
19%
Apr
23
Twin
5c
Jan
24c
July
111
Jan
Jun
8c
Aug
4%c
.4,300
l%c
9.80
10%
5,055
1,600
30c
90c
Jan
18%
19%
1,005
6.05
6.15
16
15%
16
290
10c
8c
10c
6,500
6%c
375
13%
Jan
16
2c
Jan
6%c
16
15%
.
16
1.13
,
14%
2.18
3.70
7%
8%
17
:•
440
8%
21
107
61%
1.42
17c
Apr
.
.—'7%' Feb
...
-19%
102s
61%
165
1.40
1.43
7,850
3%c
4,200
10,120
16c 17%e
-
.;
-
15c
7c
400
35c
2.03
Gas
....
Com
1.05
2.03
100
Knitting pfd
81
81
rK pre
"
,.
667
10
—
Mines,
•
8%
--
-
—
2.75
11%
6%C
*
5-05
63
21
76c
Ltd
Worts com
•
Preferred
1
—100
Preferred
Wrtsrht-Hare-reaves
9%
*
Mines
--
80
140
1-90
17%
—
7c
5%
64'%
4.15
Toronto Stock
July
6%
Jan
Jan
11% Aug
2.92 July
Aug
44c
Aug
30o
May
40c
Aug
75c
Jan
Jan
c
64c
Jan
Aug
11%
4
Aug
4
Apr
27'%
Aug
28
Feb
33
July
Aug
46%
Feb
Apr
21c
Aug
May
52c
44
7c
25
120
230
125
105
175
38,055
2.860
19,557
3001
105
xo
1,200
134
225
4,130
25
15
<3
™
^
300
2.45 2.76
45,500
4
H
6c
58
5-0^
62
21
61c
78 n
136
H%
6%c
58
5-15
63.
21%
78c
81
145
Mar
6c
Jun
4C
23
3.80
8%
8 8%
27
27.
17 17%
38%
40
6
5f
Feb
1.25
35c
134%
Jan
18'/a
Aug
19%
Jan
199
Feb
;
3c
2'%
3.50
2,029
11,500
18
1.693
fauo
500
95,i?5
210
2y3
1.80 1.92
17 4
18
107 % 107 %
;^4,4^9
525
10
7'c 8%c
5/a 5 /4
64 64 A
bb5
150
Feb
29% July
295
Jun
Jan
5c
3'% Julv
Apr
Apr
Aug
21%
Aug
13
Jun
159
17
July
4.45
Jan
5c
Mar
34c
Mar
50c
13'A May
2'%c
Jan
50c
Jun
65c
Mar
Feb
8.75
Jan
25
12
Apr
105%
Jun
42c
Apr
Aug
Jan
Jan
16
"
July
9c
Feb
1.08
92c
July
11% Mar
46
Aug
30
Aug
114
July
1.25 July
Jan
Apr
77c
20%
Jan
23
2%c
Sep
65c
Jan
1.70
19
Feb
27'A
'53c
,
Jun
10c
Mar
Mar
5c
Jun
Sep
July
2%
Jan
5
10%
Jan
15
July
23'%
Feb
29
Aug
61
Jan
69 % July
68%
Jan
77
2.04
Jan
15c
May
4%c
Jan
Jun
4.40 Aug
July
27c
7'%c Mar
1.57 Aug
1.94 July
1.96
2.90 July
Apr
3.20
38c
Apr
Aug
4.00 July
79c
Jun
Jan
90c
12'% Aug
Jun
8%
1.15 Aug
Jun
24
Mar
15c
13
Apr
Mar
40c
30
Aug
33c
Aug
16'A Aug
95c
Jun
8'A Mar
9'A Aug
6%
Jan
8%
24%
Apr
28
July
12
Jan
18
32%
Jan
40
Aug
Sep
6
Aug
7c
Jun
Feb
5
4'% c
Jun
3% Mar
Feb
5% July
Jan
2.71 Aug
6.00
Jan
13% July
6c
Aug
19c
Aug
58
1.96
58
4.50
Jan
Jan
Aug
5.45
July
Feb
63
Mar
20'A May
22
July
60c
92c
July
57'%
Aug
Jan
75
79%
97c
Jan
Aug
Jan
15
Feb
104
4c
Jan
5%
Aug
60%
Jan
2.95
Jan
94% Mar
152
Aug
1.92 Aug
18
Aug
107% Aug
May
20c
7% Mar
69%
Apr
4.50 Julv
22
107
Aug
Last
Sale Price
STOCKS—
63% July
55c
Apr
Jan
46c
July
Mar
40 %c
July
July
6
Jan
13 %
19 %c
Jan
59c
Aug
Mav
1.75 May
2.15
Jan
Jan
83%
Feb
74%
4.15
2.5 to
Funds
Friday
May
Jan
4.05
Exchange-Curb Section
Jun
Be°th
*
class A
Brit.ii.hh Columbia Pulp
Brown
Co
& Paper com—
common
Preferred
Bruck Silk
Canada Vinegars
Canadian Marconi
—
——
1
1
*
*
1
Week's
*
!
of Prices
Shares
8
55
19
19
25
2.20
2.30
5,950
40
37%
40
819
10
10
278
9%
9%
2'A
150
2'A
1,060
'
Range since January
5'%
Jan
14% May
1.40 July
1
Woh
Low
Hioh
2.30
2'A
,
for Week
8
19
,
Sales
Range
Low
Par
Jan
15C
52,009
Waite-Amulet
—
•
1
——*
July
5,850
13
Cotton
July
1.68
10,900
37c
Wabasso
-
Oils
Aug
lie
5%c
30c
12%
Ltd.
Vermllata
Sep
17
Jan
28c
32c
13
•
1.34 May
3%c
29c
...
8%
Jan
55 % May
2oC
30c
—
Mines
pop
Feb
*
106%
—5
13
40
1.65
Jan
450
,
Jun
Mar
Jun
3c
670
21%
100
4.25
Apr
—4%c
;
1,500.
9%
21%
Jan
5%
2,175
1
2.20 Jun
1%C Mar
2,000
■
2.75 Aug
Jan
3.35
f 11,925
2%C
4.50
Jan
Sep
1.60
14,350
3.50
■
2.12 May
.
Ventures
Wiltsey-Coghlan Mines
Winnipeg Electric common
26
11,383
<^nada_Mines Ltd:::::::::::::2,
July
Jan
28
2.65
7'%
2.32
3.875
16%
73c
Feb
1.64
31c
16,o00
8.563
52
12
1.05
28
29c
16%
81c
9'A
Feb"
1.73
Jun
89c
6c
1.70
1-05
28
26 %c
--
*
July
July
Jan
2.50
Aug
6
2.61 2.75
17%
40
*
Wasa Lake Gold Mines
;
1
Western Canada Flour preferred—100
Western Grocers Ltd common
*
West Malartic Mines
1
Westons
Ltd common
*
Preferred
100
Feb
3.40
upper
—
24c
1.60
80c
*
.*
—*
—.—50
—25
*
Walker-Gooderham &
22%
3.625
class A
——
4.20
246
5c
—-
Apr
21%
4.25
—4-
—
B
29c
*>..;!■
common...*
A
3.95
111<'*
1
Aug
71
3.80
95c
955
140
29
29
67 69%
75
76 -
3.60
38
—
15c
410
28
25%;
1.35 July
4.50 Aug
10,000
>.— /
—*
16
Jan
f,- 1.35 Julv
27
8c
6.75 Julv
Jun
May
Jan
1.03
10,000
16%
Gold—
Mines
*><;
20% July
90c
1.25
3%C
&
Jan
5.70
8,760
9 V8
preferred.^
Oil
2.75 July
Apr
1.30
25%
8%
Mercury Mills
Mid-Continental
Jan
1.45 July
27%
2.04
Jun
80c
10,600
4%c
2c
1.20
Gold Mines
Gold
1.51 May
6,200
2%C
...
Lake
3.50
18,400
...
Red
July
1.20 July
2.11
14
B
Fuel
Class
RtPPl
3.00
'
Class
United
TT»>ftpn
1.99
880
July
7%c Aug
3.05 July
1.10 Aug
•
1.32
52
*
class
Corp
Oils
2.85
;
United
United
80c
Apr
29,930
14 %c
44 %c July
Jan
2,592
14,200
95
12,000
1.25
3.80
2
*.
*
Rapid Transit
City
11% July
8.75 May
70c
July
Mar
1.84
435
325
27%
27% 27%
4%%. 4'%
4%
14
14 14'%
Mar
1.50
,2.08 May
83c
■
2%c 3%c
2%c
1.27
•
*
*
x——
Finance A
Traders
75c
10 10'%
45
46
.—
1
—
Exploration CCo.
Towagmac
6%c July
Jan
1.14
3.65
common
Graham
Monarch
41c
...
Mclntyre Porcupine Mines
McKenzie
Ren Lake Mines
**ming
6'Ac
Jan
4'/2c Jun
8c
Frontenac
McWatters
Apr
23c
10.751
70c
2.18
Mines
Gold
*>■0
Preferred
McLellan
3c
52,700
7c
2.65
Milling Co common-
Massey-warris
McMarmac
4,000
34c
4.25
—
Fields
Maralgo Mines,
McVittie
Jan
4%c
1.01
Mines
Gold
Toburn
Toronto Elevators common
Union Gas Co
May
31c
70c
Preferred
McColl
2,750
11 %C 12% C
25%
class A
Manitoba & Eastern Mines
Maple Leaf
Thompson-Lund Mark Gold Mines
Tip Top Tailors com
33%
57,833
Jan
Jan
137,950
29%
29
30
114
113
114
81c ;; 70%c
85c
56c
53 %c 57c
22%
22 22%
1——_* (—
—*
68
'+.*■
25
76
•
4.15
——1
1
6c
2
1.68
-1
2.75
Teck-Hughe'* Gold Mines
21 y4
1.25
MacLeod-CocKsnutt Gold Mines
Malartic
...
32%
1.30
Ltd
Mines. Ltd
Madsen
Sylvanite Gold Mines...
33%
'
Class "B" „.;
Macassa
MlnesJ.
Sturgeon River Gold——.
Sudbury Contact Mines.!
Sullivan Cons Mines
Rock Iron
Mar
2c
Groceterias
Preferred
Steep
108
——
Little Long Lac Gold
—
Canada common
—14—
Co of
16
6.15
Mines
Leitch Gold Mines.
Steel
.
10'%
1
J*
*
—
Stedman Bros
111
Aug
106% Aug
19%
Ltd
1.——_I—.——Cadillac Gold Mines
—1—
Oro
Preferred
common.—.
111
105
97% May
2.05
Lang & Sons
Lapa
Paving
Standard
105
May
925
6,000
3.050
6,122
——
105
;
Jan
•
14%
6%c
1.05
;
1
—
15
3.00
Gold Mines—
Lamaque
Petroleum
End
99
n
1.12
Mines.
Mines
Mines
5
10
Gold Mines
Mining &
Shore
Mines
Malartic
65
105
—
Exploration
Lake Dufault Mines Ltd
Lake
Gold
Siscoe
435
22%
25
215
5,782
5,000
20,900
;
*
100
1
1
————..20
*
105
23
3
15%
4.15
8c
40c
.
7% Aug
11%
-
1,500
Jun
7c
3%c
28c
3,150
3,538
4.475
45
3c 5"
3c
,3
15'A
15%
4.15
3.80
8c
7c
38c
33c
14%
14'A
6c
6c
1.00
1.00
73c
71c
4
85c
35c
3%c
—
5%C
29%
25
5
Mines
B
88c
4c
Lake
Labrador
Mines
Gold
7%c
6c
Gold Mines.,
Bay
Sheep'
Preferred
:
Hudson
Gold
Creek Gold
Shawkey
Aug
31
29
290
—*
—.1
,_50c
& Power
Mining—
Water
Shawinigan
15
39c
29
290
50
1
—_1
1
Senator Rouyn. Ltd
16 y4
10
4,900
2,200
110
1
Mining——
16%
3'Ac
155
19
10
—100
„
Class
1,000
152
19
1
100
... *
*
Sigma Mines
2,965
21c
40c
16'/aC
40c
1
Simpsons Ltd class A
5,435
15'%c
38c
*
Antonio Gold Mines Ltd
Jun
Jun
4%c
Kirkland
Class A
Jun
.
11,700
35
15
20
__
5%c'
27'%
common
6%
31c
Kirkland
Corp
Lawrence
St.
9%c Mar
1.2
6c
27'%
32
__
*
—
—
6 %c
—
M Consolidated
Preferred
2%c Jan
3.00
5'Ac
27 %
31
45
i
St Anthony Gold Mines.
5'Ac Mai*
3%c
12,000
1,000
22,254
2,000
100
•
Mines
100
2.95
36c,
40c
1.06
20c
4
*
Rouyn Mergcf Gold
99
;.
14,150
Jan
1.07
July
Jan
25% May
Jan
3%c
1.03
31c
40c
93c
18c
4
Gold Mines—
Long Lac
3,100
11%
35c
Preferred
71,500
2.95
1,200
120
10.820
1
common
5%
11 %C
Mines
Jellicoe
(P L)
6%c
.
^
Co
Mining
Waite
v
Jacola Mines
Jason
Robertson
3%c
11%
1.40
11%
2.80
1
..1
Russell Industries common
Jan
15%
1.38
11'A
2.70
*
3c
,
1.40
11'A
2.73
1
6c
17
3,000
1,949
50
1
Jan
56'A
i.14
1.00
6%
A
Aug
Aug
1.15 Mar
3,950
6,646
22,400
Sep
'•? 20c
90
1.25
12c
7c
38c
1.17
2.85
4.20
Feb
9%
40c
6
38c
" 1.12
Mills
Silk
Roche
80
—
-
1.15
2.85
4.20
Mines
Gold
Riverside
5%
-
Jan
12%c Aug
28,631
20,000
95
94
95
•
1.25
11c
7c
1
1
Mines
Quemont Mining Co
Quinte Milk Prod
Reno
16c 19%c
44c
47c
18c
44c
.
*
Quebec Gold
July
4%
710
Aug
41%
6%
1.20
10c
6c
37c
1.13
2.55
4.00
1.10
96c
Mines
5%
5%
Mar
3'%
35
9%
8
I
3%c
5%
9
Queenston Gold
13
5
3%,
1
Mines.—
Mica
Pherritt-Gordon
6%c
3%
1
Aug
100
'
'
Purdy
Mar
6%
—
1
Royal Bank of Canada
Royalite Oil Co
17c
6,400
28c
25c
26c
Aug
2 J/2c
.
35c
I
Dome
San
5,200
32c
1
Mines
Sand River Gold
13c
6,784
35c
Gold Mining Co
Sep
12%
Jan
40c
—!
Aug
12c
Jan
53c
5'% Aug
4.50 July
Jan
25 %c
1
Corp
8
11
70c
3,300
•
Ltd
21%
Petroleum
'
Power
48
198
Aug
May
21,600
trust
Feb
36
32c
Jan
50c
Mines—
Gold
Rouyn
Voting
Jan
10
Aug
4'%
1.37
25c
Mines.—
Gold
Mines of B C
Gold
Pioneer
Powell
Jan
195
12%
A
••1
Gold
5%
320
8
48
22c
l.OO
Mines
Mines
Gold
Perron
Pickle-Crow
19y2
24%
48
13
7c
3% May
7%
8
Apr
May
Jun
Mar
18%c July
3% May
20
Aug
7c
Jan
7%c Mar
4%
5%
Apr
9,600
27 c
4%c
5c
Sep
17% Aug
May
24c
5%
May
16 %c
14,850
5%
3.45
3.10
45c
Metals
43c
35c
32c
3'A Aug
22c
*
Paymaster Cons Mines Ltd
East
12 %c Mar
Jan
5c
3%c Feb
1.02 Aue
Jan
50c
*
Malartic
Premier
102% Aug
1.99 Mar
15,325
10c 11 'Ac
8.30
Apr
1.20
24%c
—#
Cadillac Gold
Pressed
97%
May
100% Aug
310
101% 102 y4
>
—
3.40
1
.•_*
u
Porcupine
Partanen
Aug
91
Jan
84
10
Jan
45c
•
new
July
8.20
5.80 Aug
2,725
55
•
—.100
A
common
;
International
Aug
4c
preferred——
.100
International Milling preferred—— 10O
International Nickel Co common
Class
20 %
4%c
*
6
1
—___•
International Metals
Apr
11%
•
(John)
15%
93
£1
—
Imperial Varnish common,
Inglis
Jun
82
26c
—100
*
ordinary-5
Imperial Bank of Canada
Imperial Oil
—
Imperial Tobacco of Canada
Feb
;
26%
10
35c
Smelting
*
paid———100
20%
Erie
&
Huron
4
Apr
6.35
4'Ac
1
Howey Gold Mines
Hudson Bay Mining &
July
8c
Jan
16%
9.05
—*
—.1
Homestead Oil & Gas
Jan
88
May
97%
10 %C
5
Gold Mines
v5%-Jan
•
97%
102
—..*
Dauch Paper Co
&
Aug
23'A
87%
—
Oil
?
v
May'
•
——-1
——
Hollinger Consolidated
Home
3 % May
16
1
1
1
Gold Mines
Rock
39
t-y- 85
.
62c
97%
*
————4
Carpet
Harding
:
5.10 July
Jan
87%
——*
*
—
Hamilton Cotton Co
Pandora
3
87c
2,500
100
250
38,385
«
Preston
1
——I
Mines——
Mines
Gold
Halliwell
Pamour
Jun
4%c
Apr
July
-
*
Mines
Hersey Tubes
Aug
195
Feb
17c
50c
80c
3%,
5%
Pacific Oil & Refining
Page
63c
75
ll.%c
85c
5
60% July
Jan
6,229
j
July
2.17 July
Jan
4'Ac
Aug
18
Jan
48%
6,000
*
July
17c
43Ac Jan
—__*
Mines
Oils
Pacalta
22
Apr
1,151
':
5.90
*
Alabastine
Swayze
Halcrow
20%
6.30
*
—,—1
1
„——
Gold Mines
Gold Mines Ltd
&
19%
2.70 July
Aug
6,500
>
3'%
26%
—50
_
Lime
3
26%
68 %c
*
*
*
Grull Wihksne
Gypsum
3%
19%
*
.—
Preferred
Gunnar
6%c
"
Saddleries, common—.*
Greening Wire Co
105
78
Jan
12 %c
Jan
27
1,665
2,500
11c.
Preferred
Aug
750
81
100
_
Preferred
Western
4%
_—_——-50
4
---1
Common
Great
38%
U 4
May
Jan
3.10
35.455
57
7%c
66c
85c
3%
Oiange Crush common...
39
10
950
1.43
56
7%c
__
Mar
29
13'A May
10c
common
Gold
Omega
1.27
57
1
12
Feb
May
59 %c
64c
Mines
Malartic
O'Leary
Okalta Oils
880
Aug
Jan
8c
4,0jO
Aug
2'/a
Feb
27%
17
Sep
220
Apr
9%
.
10c
•
—
57'%
1.65
64c
Ltd
common..
Gold
47c
18,905
■
38
common,.—*
Paper com vtc—
vtc
Preferred
2.50
Preferred
O'Brien
Apr
4'A July
May
1.66
400
12c
;
Lakes
Great
'4.50
1
1
;
_
Goodyear Tire & Rubber
Graham
21
4.30
6c
1
...-
Golden
Preferred
2.37
26%
,
1
*
1
Goldale Mine
Goodfish
12,800
Feb
32c
7c
26,400
Aug
-
9c
5,100
55c
9%c
•
1
God's Lake Mines Ltd
Gold
23c
50c
22c
; ■■■■»'•
I—100
1
Gold
!
Mines
Gold
Glenora
27/a Jun
_
Gold Mines—
Giant Yellowknife
Gillies Lake-Porcupine
503
8%c
38
————100
*
preferred
3%
9c
>
100
•_
3 V.
21
*
pfd
5%
Gatineau Power
160
4.35
*
•
—...
Gold Mines
Exploration
Francoeur
5%%
—
4%
July
5%
Jan
4%
2.50
1
"
*
——
104
55c
1
Mining—
Kirkland
Federal
20
22c
•
'*
100
———-—
112
7%
3%
•
common
Preferred
35
•;
*
Electric A —
Falconbridge Nickel Mines
Fanny Farmer Candy Shops
English
11%
110%
1
1
Eastern Malartic Mines
Aug
Oil
Star
North
22'% Aug
200
e
Mines
7%
11%
*
Oil
Crest
East
Canada
12'%
7%
20
1
Co
Mining
Duquesne
Northern
May
26%
Apr
__————
Rights
Corp
31% July
May
21%
Mining
Apr
45%
l
Normetal
Jun
1.12
Jan
70c
1.00
1.00
——_——I
—_—1
Nickel Mines
Denite
18%
1.42
>
1
—
Jun
99c
Mar
36c
loc
13c
16 %
17
•
Oil
11 %
28%
15c
1
Mines
Jan
18c
Mar
12c
1,000
16 %c 16 %c
28%
25c
•
National Steel Car
Jun
11%
20
common
National Petroleum—.
July
2%
*
common...
Co
1
Aug
38
May
Cafeterias
Grocers
Preferred
Aug
24
May
21
20
National
2.84 July
95
Mar
&
_
Muiiheads
July
16
1.13 July
110
•
•
72c
22
57%
common
High
Low
67c
21%
56
10O
Light Heat
Corp
Class A
55'A July
Jan
84
85
Aug
2.20 July
1.33
260
15,197
Moore
Range Since January 1
70c
21%
57%
1
Norgold Mines
Davies
Shares
High
Porcupine
Montreal
Mar
1.75
Jun
128
Moneta
33c
695
100
July
38c~ July
May
1.15
5,800
95
24
38
95
23%
38
29c
600
1.61
15%
51
141
1.60
14
Jan
15V2c Jan
5,000
1.58
—100
Corrugated Paper Box
Imperial Mills
Nest Pass Coal——
Cosmos
11%
21,000
1.55
15V'4
50
140
1.35
1.61
153/2
51
140 :
1.59
*
—•
Consolidated Mining & Smelting——5
Consumers Gas (Toronto)
100
Bakeries
Consolidated
for Week
Low
Par
High
Low
475
1.58
Mines
Coniaurum
Range Since January 1
High,
13 % \3%
30'%c
33c
30c * 30c
5
Cockshutt
Range
of Prices
Last
Sale Price
STOCKS—
Sales
Week's
Friday
Shares
of Prices
Low
Par
1
SEPTEMBER
for Week
Range
Sale Price
STOCKS—
ENDING
Sales
Week's
Last
WEEK
FOR
1013
FINANCIAL CHRONICLE
12% May
19
Sep
2,45 July
40
Sep
7% May
10
Aug
8%
10
Jan
28%
Apr
Apr
1.80 May
2% July
LISTED MARKETS
CANADIAN
RANGE
Friday
Range
Bridge Co
Dominion
Oil
Foothills
Gas
&
Hayes Steel
Humberstone Shoe
31c
International
Paper
Selections
Oil
*
—
—1
28c
1
—-*
"
31
—*—--1
8c
Metals—
common
Invest
Southmount
—-
—
—
--
24 V2
165
Mar
41c
18
Jan
July
30
Jan
1.45
1.05 May
400
Feb
100
13
Jun
19
July
100
14
Jan
18
Aug
3,485
22% Aug
12 V2 July
5c
Feb
1
50
15c
8,800
Jan
1,000
20
445
31
Mar
11c
Aug
Feb
Sep
25
May
8C
Jan
1.72
21% May
2,500
July
49c
>
1.25 Aug
325
Mar
3
3%c Jun
1,000
:-X.'
Apr
10% Aug
15 Vi
100
J2% 22 /4
10 M 11 2
3,/8c 3%c
2
2
25c
30c
1.26 z 1.35
30
31
23
23
8c
8c
—
11
Sale Price
Mar
Steel
Canada
of
Co.
/Preferred
Tuckett
Twin
69
—25
—
76
Preferred
—
Preferred
50
Jan
58
July
19
19
50
17
Mar
19
July
64%
64%
*
22%
22%
22%
7%
Mar
62
Jan
69 %
Apr
18%
65
\
.
5% Aug
181
Feb
22%
Sep
1.
Jan
150
Aug
May
155
Aug
147% May
180
10
229
July
266
Aug
117
135
Jan
155
Aug
36
234
May
264
Aug
$7,000
49
Jun
•/73:*
133
:
130
180
265
266
151
155
264
26*
49
—
•
./
„
___100
100
—
—,
.
150
152%
175
49
100
145 '
152/
—100
100
—
'5% July
45
64%
Z,
Scotia
Royal
Feb
Jun
515
477
Montreal
Nova
3%
"
.
4
-
//
—
Jan
58
5%
,
Commerce
7%
57%
100
„
Canadienne
May
5%
common
Banks—
Aug
9
5%
.
Ltd
Zellers
159
:—•
Electric common
Winnipeg
76
Jan
19
——*
—
Jan
154
63
8%
4
Aug
Feb
69
10
:/
__
*
Ltd
Wilsils
100
.
Cotton
Wabasso
7%
69%
63
95
140
76
159
City Rapid Transit common'—._*
Range since January 1
Shares
69
76
159
preferred——100
Toronto ——————100
Mining
Temiskaming
for Week
of Prices
—•
common
—
Tobacco
High
LOW
High
Range
High
9'/» Aug
Jan
May
Aug
30c
15
18
18
11%
—,
Pend Oreille Mines &
Bros
J8
--
Osisko Lake Mines
Price
J8
——
Silknit
Ontario
29 /2
1.10
31c
*1
30
1.15
18
Ontario Paper
&
Minnesota
30
1-10
514
3,146
3,030
Sales
Week's
JLast
Range since January 1
Low
8%
—
Friday
Low
High
8%
31c
.
1*
*
*
-1
—-—100
preferred-
Steel
Disher
:
—
—
1
Par
Low
*
SEPTEMBER
STOCKS—
Shares
8%
Par
Consolidated Paper
Dalhousie Oil
ENDING
for Week
of Prices
Sale Price
8TOCK8—
WEEK
Sales
Week's
Last
FOR
Monday, September 4, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
1014
-
70
163
*
Aug
Bonds-
Canadian
Last
Ltd
Aluminium
—
Asbestos Corp
Bathurst
Brazilian Traction Lt & Pwr
Class B
87%
88%
198
ii4//
37%
—50
preferred
Breweries
Bronze
—*
*
common
Canadian Car & Foundry common
New
-*
Preferred 7%
:~I00
Canadian Cottons new preferred—100
Canadian Fairbanks preferred—.—100
Canadian Foreign Investment
—*
Canadian Ind Alcohol common—:
•
Canadian Locomotive
—-*
Canadian Pacific Railway
—25
Cockshutt Plow
—*
Consolidated Mining & Smelting
5
Consumers Glass
*
Distillers Seagrams
*
Celanese common
Dominion Bridge
Dominion
Coal
Dominion
Dairies
Dominion
Foundries
Dominion Glass
Preferred
Steel—
&
Dominion
Tar
21
Jan
Jun
15
Aug
Canada
9
Jan
Canada Malting Co
5
Aug
9%
Apr
12%
Feb
Canada
Northern
Aug
Canada
Starch
Jun
Canadian
589
31%
Jan
40
1,785
5J/a
Jan
8%
39%
8
45
Mar
25
Jan
39
Aug
9%
8
Apr
10% July
575
41
33%
Jan
Jan
28
Feb
Canadian
Marconi
45
Jun
Canadian
Power &
Paper Inv.
141% May
154
July
25
26
111
10
111
31
10
24%
5%
75
6%
85
60
27
Aug
26
Aug
Aug
111
Aug
Jan
35
Jun
6% July
Feb
70
Jan
Jan
14
165
11% Jan
li
50%
51
255
39
31%
32
205
27%
July
July
38
38
30
Jan
Jan
32
,
41% Mar
31
Jan
July
*
12%
•
——
1'
•
.
138
■
14
Jan
4% Mar
10
July
525
6
26
160
20
Apr
138
25%
25%
12% Aug
13
8
8
■
30
116
Feb
T
26% July
140
July
10
150
Jan
Mar
Dominion
Oilcloth
•320
7
Apr
9% July
Dominion
Square
150
9
Jan
12%
Jun
Dominion
11%
'345
8
Jan
12%
—*
3%
/
72
8%
12
8%
13
37
5%
-.
5%
25
20%
8
10
3%
163
14
4%
*
Feb
9
July
13
Aug
Fairchild
Jun
Federal
21
Jun
Fleet
Aircraft
4
Mar
Ford
Motor of
May
Jan
6
20
Jan
'
5%
Steel
8%
100
Wares
(Charles)
Smith
Howard
Paper
Mining
Bay
Preferred
International
Petroleum Co Ltd
Power
250
5
12
780
10
Jun
18%
270
13%
Jan
86
East
Aircraft
of
the Woods
Grain
Lindsay
W)
(C
common—
Oil
McColl-Frontenac
Jan
Mitchell
(Robert)
Goodyear
& Rubber of Can:
Tire
Securities
Hydro-Electric
Paint
Corp
19% July
1,840
10%
Jan
13% July
7%
380
G
Jun
26%
26%
135
21
Mar
10
96
Mar
58
22
Jan
100
26%
26%
32%
33
22%
21%
23%
7,913
^
90%
90%
2
21%
21%
945
22
22
125
106% Mar
685
28
International
Utilities
John
MacLaren
Corp
July
111
July
7% Aug
26% Aug
100
j
26%
A
Noorduyn
Aug
Power
Ontario
&
Aviation
Corp.
Quebec
Limited
Distilleries
Melchers
Minnesota
Jun
109
109
M*' '
Pulp
&
Apr
22%
Jan
Southern Canada Power 6%
Jan
27%
Feb
Southmount
•
16
Mar
23
Jan
26% Aug
Standard
13%
Jan
16
United
Mar
July
pfd
40
Jan
12%
Aug
Jan
9%
Aug
-—!•
-
37)
Apr
Aug
United
8
Feb
9%
Jun
Walkerville
6%
Apr
9%
Jun
Walker-Gooderham
Jan
27%
Jun
80
300
26
16
•
57
22% Aug
24
Woods
Jan
Price
Bros
&
Provincial
Co
Ltd
*
common
Transport
PtOlland
60
40 %
May
45
Aug
13%
Jan
18
July
Paper
Lawrence
preferred—
Class
St
A
50
15%
Jan
26
July
Aubelle
5
Flour
Beaufor
Gold
13 %
Jan
Jun
Bidgood
Breweries
17
July
4%
Feb
5% Mar
7
Jan
9
Mar
5
49
Apr
54
Aug
Jun
8
Jun
For
75
Jan
31
Aug
230
9
19
8
Jun
9
Jun
256
12
May
14
Feb
10%
Aug
100
100
103
104
104%
3
770
3
100
Power
see
page
*
1015.
2,451
7%
Apr
10
Aug
15
2%.
12
3
140
58
-14%
15%
15%
34
15%
*
Jun
Feb
Aug
Ju:i
45c
Mar
25
99%
19%
19
/
—
i://
-
21%
21%
98
34
138
55%
14%
,
21
Jan
25
Aug
10
99
Jan
103
Aug
200
100
Feb
104%
19%
Aug
19%
Sep
Apr
50
Jun
16%
Jan
19
Sep
Jan
22
Aug
5% May
8
Aug
Feb
17
Aug
18
■
•
^
'!•
2% Mar
Sep
3% July
Bouscadillac
24c
v
Gold
Labrador
Lake
Shore
Malartic
Gold
Perron
Pickle
Goldfields
Gold
O'Brien
Crow
Gold
Gold
Pioneer
Sherritt-Gordon
Gold
140
Aug
Springer Sturgeon
Apr
58
July
Steep
Jan
Ltd
B.
1
C
Ltd
Ltd
_
20
July
18% Aug,
1
5% Mar
15
103% July
V-'/;
5%
104
/ ;:
830
25c
9%
5%
„
Jan
106 % May
30c
Mar
9% Aug
Feb
3%
50
23% May
21 % Mar
May
5%
25
3'%
17c
Feb
May
Jun
3%
Aug
'
'' ';
17
25
13
/ Apr
17% July
2
2
5
2
Jun
5% Mar
3% Mar
Jan
1.75
'■
,
>
-
57%
Feb
63
34
20%
Jan
21%
80%
'
450
21%
80 %
20
78
Aug
87
May
27
',1
230
62%
21%
"'1
3%
62
-•
28
30 : v
July
July
3%
371
.
27
,
-.
Aug
n
,
Mar
Feb
24c
//
Jan
31c
63c,
46,100
50c
Aug
69c
50c
86c „
46,100
50c
Aug
92c
Aug
9%C
24c
63c
24c.
50c
9V2C
2,100
Cc
Jan
10c
July
26c
*
Gold Mines
Sullivan Cons Gold
15
Feb
Feb
142
Jun
23
130
23
Aug
24
Aug
Anglo-Canadian Oil
8% Jun
11
Feb
Home
■'
26c
2,000
22c
/Aug
.64c
15c
1,650
i
.1
'/■
—
:
8c"
4c
Jan
7c
7%C
4,500
2%c
Jan
6%c
6,000
2%c Jan
9c
Jan
15c
6c
12c
10c
500
-
8,180
2.90
—
—
18%
383
3.55
3.55
100
315
3.35
3.00
400
18%
3.00
3.45
8.600
1.11
'
1/5
2.60
6%C*
2.85
4.10
2.85
4.10
6c
,
6%C
1,800
Aug
3.40
1.38
90c
Feb
July
July
Feb
4.25
Jan
4.35 Julv
May
1.35 July
July
Jun
2.00
Jan
3.00
2.10
Apr
4.25 Aug
Jan
8c
May
90c
July
75c
150
66c
Jun
71c
85c
7,310
42c
Mar
1
1.30
1.30
400
4.15
4.00
4.15
1,300
1.65
1.60
1.67
_*
20
3%c
1.30
.
July
3.50 July
100
400
80c
Co Ltd..
15%
Jan
July
13 %c July
3,500
1
1
3c
1.51 May
68c
1
Mines Ltd
5%c
8c
1
^
Rock Iron Mines.
128
260
of
Mines
Mines
Jun
16
1
Mines
Mines
SLscoe
July
1
Shawkey Gold Mining Co Ltd
50
9%
;<
1
Ltd
Ltd
Mines
25
9%
•
62%
1
....—
Mines
35
13% May
■
■■-
7%C
1
Ltd
Mines
16% July
1,908
115
100
Jan
17
*
♦
142
19%
19
3%
■
.1
Mines
142
19%
•'
.1
Mines Ltd
Apr
46%
23
9%
*
Ltd..
Mines Ltd
Cadillac Gold
Apr
135
91%
12
5%
"
Mines Ltd
Central
Joliet-Quebec
13
75
86
23c
17
«"»*i<i-
7%
15
98
•
1,
Mines
32
595
12% July
3% Aug
104
^
1
Cartier-Malartic Gold
30
58
8% Mar
10% Aug
200
5%
■''
-
•
*
Jan
1,755
3%
8V4 ?■)
19 •/'
.-"V-:
mm-*
22% May-
19% Jan
415
23
V '
-
13%
11%
97%
.
■
25
'
330
140
14%
7% Mar
:
-
Aug
3%
/
i.
Sep
4% July
21
10%
8%
11%
.
Sep
48
2
75
17
21%
Jun
177
21%
8
Jan
25
/
8
Jun
3
18
116
19%
49%
17
90
75
25
18
Jan
2G%
30
4%
21%
4
Apr
Aug
Jan
21
-
May
Jun
15c
20
99%
4%
21
4%
2,582
30
Feb
3% July
Aug
23%
188
/ 80
;
Feb
Julv
3
350
3%
15c,
Apr
4
25
26%
5%
2% May
102
;
4
Aug
3
15
12
•
49%
:
Ltd
Mines
23
common
footnotes
%
5%
3,350
30%
24
—100
Canada
Jan
99%
.86c
Kirk Gold Mines Ltd
24
104
Mines—
60
840
,—100
Preferred
3%
28%
"
4
16
9%
3
21%
•
27% Aug
12%
*
Paper preferred
Z 35%
Z:.TV
19%
—1
Jan
110
.
6%
9
Gold
Aumaque
Ltd
Feb
10%
•
Aug
•
■,
48%
12%
100
common
Jan
4%
26%
V;: ■
•
pfd.i—*
—
23%
10%
Shawinigan Water & Power
•
Sherwin Williams of Canada common.*
Southern
29%
9
50
Mills
—
Lawrence
Sick's
30%
.i-:
Mines
50
54
6 %
Mines—
50
!
8
54
~e%
Aug
3% May
Jan
28%
Aug
37% July.
35
;;
15%
8
Jan
Co.
790
57
27 %
5
_100
common:
preferred
Lawrence
Preferred
St.
Corp
1.50
115
3 /;■'
-
2%
28
Aldermac Cbpper Corp
24%
15%
8
__25
Saguenay Power preferred—
6t
18%
Jan
16
200
3%
21
Aug
5%
50
18
35
19
Manufacturing
995
*
Preferred
Mills
Flour
Can.
17
„*
Regent Knitting common
.....
37%
"
.
Quebec Power
preferred
45
56
*
—•
cum
37%
27'/a
*
common
13,891
9
/:
^
,....^.100
Worts Ltd H
&
24%
common—*_*
of Canada
$1
Western
"
Ltd
Corp
8%
3%
.
^
*
Ltd.——*
Brewery
16%
•
100
8%
45
17
*
Ottawa L H & Power common
Power
12%
12 /
20
40c
Mar
10c
V77:-:
8%
100
"B"
Ltd
8
160
33
Penmans
Securities
100
170
•
Jan
Jan
;•—*
...
8%
24%
.—25
Aircraft
Jan
15% Aug
10
& 4%
*
Paving
Corporations
8%
Breweries
Products
113
9
National
Steel
12
15
99%
*
__100
Investment.:
9
Apr
Car
5
Jan
13 i
392
30
.-
Ltd_
Co
8%
Aug
Ottawa
Feb
11
1,468
15c
*
Standard Clay Products.
106
20
V
18%
Ontario
2
75
125
7
26%
•
25
26-
16
20
,
175
,
35C
10
—
Bridge
25
26
/•'
16
Jan
7%
"_i J
6-% 1st Pfd,—100
Paper pfd
20
18
-
May
4
11
4
of Can.
19%
■■
2,815
-
Aug
12
*
Sarnia
Jun
July
pfd
Paper
Royalite
21%
Noranda Mines Ltd
57
3% July
2%
100
Ltd
92
20%
Ogilvie Flour Mills common
Jan
Jan
9%
—_—*
pfd
5%
Massey-Harris Co Ltd
23% Aug
21%
—-
47%
4%
*
35 %
20
Weaving
75
Jan
pfd_50
preferred
Apr
21%
Wire
Jun
57
18
*
Power & Paper Co
Jan
20
Niagara
67%
2%
Maple Leaf Milling Co Ltd common—*
Apr
—*
Corp
Jan
35
—*
com
conv
14%
,w_100
Car
40
6%
"3%
*
j
Paper & Power
76
Tramways
Steel
80
12%
pfd—20
cum
Investment Foundation 6%
Montreal Lt Ht & Power Cons
National
46%
7
100
8%
*
5%
International
Lake St
12%
21%
Aug
5
6%
._*
*
*
.a
Jun
12%
'
Mar
185
535
*
A—,"r
Companies Limited
8
common—
8%
4% May
Jan
57
5%
3
•
—
Jun
Montreal
Preferred
,70c
May
15% July
——*
—
50c
218
2% Mar
Jan
1.85
1,050
■■/ 22
1
Canada Ltd
Jun
13
32
——
—
Aug
7%
v
35c
-—5
Power Sec Corp Ltd——!
Foreign
Eraser
Ltd
6%
Apr
"
Massey-Harris
Jan
75
3
pfd. 100
—
8
12%
33
—3
*
— —
2%
55c
/"3Z:
cum
9%
26% Mar
•
common
Candy
174
Jan
59
15
22
—•
Ltd—
Apr
1,186
26%
—100
Preferred
Laura Secord
Jun
Aug
22
•
Power 7%
Kootenay
May
14
100
*
166
15 Vb
—*
6%
7%
'•
May
35c
-
Lake
167%
Jan
May
36c
—
7% Mar
r
13%
~
—/_*
common
55
5%
12%
-15
International
8%
26%
—100
-
7%
8%"
82
-
—*
Paper common
Preferred
Apr
17% Aug
615
■
preferred——25
Nickel of Canada common
International
90
11% Mar
31
£1
Bronze
Jan
85
111
,
—100
International
965
18%
•
Corp com—.—*
Preferred
129
17%
111
■
•
of Can common—5
—
■i
87
11%
*
Industrial Acceptance
July
30
100
Imperial Oil Ltd
Imperial Tobacco
Int
11%
*
common
Sep
iO
5%
:
.5
Preferred
Hudson
20
'
"
•
_•
Hollinger Gold Mines
Apr
7%
*
common
Lime & Alabastlne
Gypsum.
Hamilton 'Bridge
:-.j
87
/-i
"
Gurd
110
Jan
8% Jan
14%
8%
16
,
_
17
•
common
3%
>
20
20
•
preferred
General
20
*
Canada
21
75
-
'
—
of
Linoleum
&
Corp
Paper Co Ltd
Donnacona
74
Apr
6% May
2,320
3%
v.
68
80
8%
20%
:
145
Aug
,
11
Jun
71
71
33
99
15
*
Woollens
11%
166
51%
•/•';
Jun
9
35c
*
•—
-——
7%
Aug
3%
*
"A"
Limitee
"A"
78/'
20
11
—-—*2.50
Fiere
Class
329
10
57
47
*
Consolidated Paper Corp Ltd
David &
80
5
"A"__•_—*
Preferred
Jan
7
,
5%
*
class
Sec
Jaa
46%
7
'—5
Div
May
46%
2%
common—_♦
Ltd
40
Sep
/■ 22% July
31
20
50
55c
15
Preferred
Consolidated
12%
160
7%
11%
2%
—1
common
i
—
Sep
Aug
2.40 July
1,156
75
Advert Ltd—;*
Alcohols
12
160
7%
12%
Co
Preferred
86
*
Apr
2,035
170% 170%
*
——
General
Commercial
Aug
33% Feb
95
preferred
May
1.55
165
*
r
Cassidy's Limited common
5%
75
10
preferred
100
Canadian Westinghouse Company——* ;
Claude Neon
19
80,...
80
1
common
Products Ltd
May
22%
Z
Apr
23% Aug
16'
/'/•■ / 50
40
Aug
8%
Feb
Mar
51%
38%
Aug
4% Mar
8
20
22%
/
110
Jan
51%
40
22%
7%
Catelli Food
4,619
com—*.
preferred
Vickers Ltd
July
55% July
23%
150
29
10%
cumulative
5%
Canadian
5
2.35
49% Aug
Trust
Company
Jan
615
86 V
2.25
100
36
26
19
_100
Invest
——
25
152
19
.
Aug
7%
38
*.
—
International
preferred
100
1,543
m>\
*
Gatineau Power common
5%
835
13%
j
———1
Enamel & Heating Products—
*
English Electric class "A"
u
Foundation
preferred
Canadian
"B"
class
41%
32
& Chemical common—*
Ltd
Industries
7
650
100
Ltd—
2%
86
V
*
13
60
8%
8%
•
Jan
3%
*
4% July
Apr
7
.
23% ,23%
Z.
2"35
*
pfd—100
Power 1%
Co
,60
108
r
19
^-100
Sugar Co
Ltd
27
11%
••
—
-*
—
7%
8%
*
—.——
Dominion
258
51
Corp
Class "B"
&
295
13%
■
Preferred
11%
11%
11%
Paper
Electrolux
Apr
40
108
High
/
Apr
27
23%
1
common
12
1,749
3
*
—————
Co
18
566
6
—
Preferred
Brown
20
43%
60
'''' ' '
~
—25
Dominion Textile common
Dry den
Jun
75
31
*
Ltd
Stores
9%
117% July
14
111
——100
:
—
Dominion Steel <te Coal B
Dominion
Jan
26
100
common
6%
103 % May
4,973
-:44% ,48%
108
Columbia Pulp & Paper com__*
145
151
26
*
common
British
41%
-25
preferred-—
20% May
Co Ltd—,
2%
37/»
7
26%
—
*
-„r——
20% July
Jan
38%
9%
9%
27
25
preferred
Canadian
Jan
15%
96
100
—*
3%-
Ltd
of Vancouver—5
15%
43%
'
Distillers
&
450
38%
43%
Preferred
Canadian
7%
7%
~
common
Brewers
1,885
8%
48%
Paper, class B
&
6%
11%
11%
Jan
Aug
3%
Pr
19
*
6
—
Bathurst
Branoram-Henderson
114
114
14
Steamship common
Jun
Jan
10
Jan
3%
preferred
24%
British American Oil
19%
19
8%
8
preferred
7 c/o
•
Low
High
Low
—100
6%
24
Jan
1.85 May
385
Aug
Abitlbi Power 81 Paper, common
Range since January 1
Shares
of Prices'
Par
■
-
f or Week
Range
Sale Price
July
157
19% May
50
2%
10
19
——
Power
Northern
5%
2%
19
Canada
21%
23
9%
Jan
151% Mar
6,940
21%
class A
Canada
Canadian
74
22%
Foundries com new—100
Iron
155%
21%
2%
—
Canada Forgings
Canada
16% Mar
450
18%
Cement common—
13%
15%
21%
19
Preferred
24
21
Building Products class A
Bulolo Gold Dredging
Canada
18% May
21% '
-I.
———
96%
Jan
STOCKS—
Sales
Week's
Last
101% July
38
22
155
Jan
88
100
15%
■
—
Mills
1
100
Funds
Friday
Apr
98%
87% Aug
15%
—
.
Silk
Bruck
89
22
Power Corp A——
Columbia
Brit
600
Canada--—100
Telephone Co of
Bell
97
& Paper class A_—-
Power
98
Jan
97
100
100
~
High
Low
High
97
100
—
of Can pfd
Aluminum Co
Low
88
preferred-.
Steel
Feb
Montreal Curb Market
Rang* sine* January 1
Shares
of Prices
Canadian
Pa
Algoma
Sales
for Week
Range
Sale Price
STOCK8—
50%
Funds
Week's
Friday
Power Notes——
Montreal
Montreal Stock Exchange
1,500
1.30 Aug
3.40
Jun
1.60 Aug
1.25 July
1.55
Jun
4.35
Aug
1.95 July
19 % July
Oils-
Oil
Co
Ltd
•
63c
—'
3.00
63c
3.00
900
100
60c
May
2.95 July
70c
July
3.65 Mar
Volume
THE COMMERCIAL & FINANCIAL
Number 4313
160
1015
CHRONICL^
OVER-THE-COUNTER MARKETS
Quotations for Friday Sept. 1
For
Investing Companies
Bid
Par
1
IV*
AAmerex Holding Corp—„—10
American Business Shares
1
American Foreign Investlng_10c
Assoc Stand Oil Shares
2
Axe-Houghton Fund Inc
1
Aeronautical Securities
-
Affiliated Fund Inc
Bankers Nat Investing—
r
■?
7.79
7.57
4.08
29%
3.82
14.69
6%
B-l
28.23
B-2
29.31
32.12
Series
B-3
18.15
19.93
15.93
Scries
B-4
9.27
10.19
Series
K-l
Series
K-2
Series
7
16.28
5%
5%
17.29
Series
ZZZZZZIZ
S-3
Series
19.52
Knickerbocker
29.96
32.39
1
15.90
17.43
3.30
3.90
28.63
30.79
Maryland Fund Inc
9.82
10.63
Mass
Investors
Trust
Mass
Investors
2d
•
Trust
.100 2,420
Securities com
Christiana
Commonwealth Invest
mod
Series ACC mod
AA
Series
Cumulative Trust Shares
(Colo)
2.30
Low
2.79
D
_
Bond
Income
10.99
11.82
11.64
12.73
Inc
10
■
1.49
I
7.85
8.49
American
6.60
1.42
of Newark
2%
xl4%
American
Re-Insurance
10
54%
8.05
American
Reserve
10
16%
17%
14.07
American
Surety
25
56%
io
36%
59%
39%
7%
84 %
Automobile
7.75
8.28
9.11
shares
7.14
10.85
9.30
stock
6.37
Railroad equipment
6.25
-
5.44
•
shares
Aviation
Building shares
Chemical shares
—
Equipment—Z
Electrical
—
Food shares
Administered
Fully
shares...
Investing
Price Shares
Merchandise shares
stock
•
Fund.
Foundation
Income
93.90
6.19
of Amer AA
1
2.25
Stand Oil Shares—
ASeries B
Bond
20.97
shares
shares.
10
1
^
8.83
7.20
U S
Stock Fund
El Lt & Pwr Shares A
New
17.22
1959
3%s
Co
100
-100
10
Bankers Trust
Brooklyn Trust
105
1
10
Co
&
A First
Boston
Corp
•
3%
Grace National
Co
100
Guaranty Trust
100
10
100
25
Irving Trust
Kings County Trust
107%
104
——1974
103%
—
1973
Natural
tMar
53%
Manufactures Trust Co com—20
50%
47%
50%
Morgan
21%
23
20
100
12%
5i%
20
& Trust—10
255
38%
53%
265
40%
103 %
44
10%
Conv preferred
(J P) & Co Inc
National City Bank
New York Trust
—
.{•
79%
r
—50
1
52%
50%
Bank & Trust-20
Fiduciary Trust'—'
First National Bank
28%
1,670
100
-
*
99%
41%
['■ 9%
100 1,400 ■, 1,445
25
1,710
;
Public Nat'l Bank & Trust—17%
Title Guarantee & Trust
12
;
83%
30%
>
.
2%s
Gas
1961
j
United States Trust
•
•
,
.
' s.
.
V
!:{• "' '•
•
•
"
•
,
98%
103%
48%
50%
88%
84%
15%
Xl3%
34%
36%
.
4%
6%
27%
29%
21%
23%
72%
75%
45%
43%
37%
35%
124%
119
63%
60%
490
475
35%
37%
48%
51%
72%
77%
32%
34%
1973
106%
107%
109%
110
109%
109%
99%
100%
112%
1972
109%
105
108%
108%
1974
106%
107%
1958
105%
Lt 3%s—1968
Power 3s
4'As
York Corp.
--
&
Power
West Penn
104%
100%
101%
Pow & Lt—
3%s
104%
Ask
101
111%
represent one or more 32ds of a point
Maturity—
\ .
Dollar
of Indebtedness—
Ask
Rid
3A%
100
Certificates
1945
3A %
100
t%S Oct.
1945
1 'A %
100.10
100.12
15,
3A%
100.10
100.11
tDec. 15, 1945
99.31
%
100
tMar 15.
1946
1
tDec
1946
1%%
100.5
1 V\ %
100.29
1944
t%S Dec. 1, 1944
t%S Feb. 1, 1945-—
fO.90s Mar. 1, i.945
100.7
100.30
15.
15,
-1%%
100.10
100.11
1V2%
100.28
100.29
1948
100.20
t%s Sept.
-
_
—
t%S Aug. 1, 1945—
100.19
1947
tSept.< 15,
,
1,
1, 1945——
t%S May 1, 1945
t%s June 1 1945
tMar 15 1947
tSept.
_
%s Sept. 1, 1944
t%s Apr.
1,
1945
Obligations Of Governmental Agencies
-
Bid
Commodity Credit Corp—
tl%%
Feb 15,1945
0.85s
•,
Home
June
Loan
Price 100 Plus
Bid
Ask
.0671
.0382
.0946
.0974
.0879
.1007
.0915
.1032
.0736
.0771
.1078
.1027
.1071
.0993
/.1138
.1062
.1212
.0933
100.5
8s
100.7
8s
b0.90
__
102 A
1955-1945
Jan.
38 May
0.75%
(When,
Bid
t
as
Federal Land Bank Bonds—
3%S
and if issued)
Bid
Ask
1955-1945
101 S3
10184
U
1956-1946
1031?
103 IS
10412
104%
S Conversion
Panama
102%
1, 1956-1946
1,
lssuet
1946
1947
1961
U 8 Conversion 3s
r
Ask
Bid
Federal Land Bank Bonds—
Bank
1944
15,
Ask
Other
Reorganization Rails
'"•',
6%
93
88%
1972
Utah
Int. Bate
1944
15,
Federal
•
Bonds—
15%
24%
5%
52%
Empire Trust
*
48
14%
22%
Quotations For U. S. Treasury Notes
Bid
Ask
172
200
330"
338
15%
16%
1,595
1,645 38%
41%
51%
—
Corn Exchange
20 &
45%
Southern Colo Power 3%s__1968
104'A
Indiana Public Service
Mar 15,
Lawyers Trust
Commercial National Bank &
Trust
26%
27%
Quaker Oats 2%s
1964
San Diego Gas & El 3%s._1970
South Carolina Elec & Gas—
106%
35%
41%
Chemical Bank & Trust
Continental Bank
24%
3%
33%
39%
15
10
Bank
National
Chase
100
Trust
Fulton
110
104%".
Central Hanover Bank & Trust 20
•
—
103
Okla
18.91
Puget Sound
4%s
-
—
106%
1959
3%s
Par i...
; .-A:
57%
54"%
Z
Corporations
ABlair
445
433
100
Bank of New York
,
7%
174
Investment Banking
24%
23%
of the Manhattan Co—10
Bank
Ask
62.
6%
(New Hampshire)
3%s series A
103 %
Pow & Lt 3s__1974
Orleans Public Service
3%s
1.90
1
106%
City Term Ry 2%s_1974
Pow & Lt 3s
1974
Northern
City Banks & Trust Cos.
Bid
29%
59
164
1973
E
Public Service
109%
100
tSept.
<
1
5
4%
(Indiana)—
Public Service
3%s series
105%
Figures after decimal point
H.':Par
7
5%
27%
Bid
-
109%
103
21.07
X16.95
~
3%s_1974
New Jersey
7.87
19.28
Stock Fund B
108%
1979
Maturity—
New York
50%
Panhandle Eastern Pipe Line—
2%s debs
1953
106%
105%
1974
3%s
Power
National Container 5s
22.93
8.07
Wellington Fund
of America
47%
Ask
103 %
102%
Mengel
25.69
C
Union
1973
-4—
Kansas
24.91
A
series
Fund
1963
Light 3s
Louisiana
86C
B
11.58
98c
1.14
13.54
28.28
13.65
Investors Fund C
5.93
6.50
77c
25c
Union Preferred
Co
45'A
Valley Gas & El—
4%s
Series
32c
1.63
Insurance Group
42%
Inspect—10
Florida Power & Light
1
1
ASeries A
Gas
Florida
...
Trusteed Industry Shares
24.75
2.58
Stock and Bond Group
'3s
2.37
1
1.49
Investment
29%
102%
Bid
Atlanta
Blackstone
C
Trustee
5.34
10.56
x88c
1.03
12.35
26.02
,
13.35 A
98
69%
Recent Bond Issues
2.43
1
D
22.92
x2.29
shares
27%
10
48.25
Series
Bank Group shares
io
Fire.
16.24
ASeries
—10c
Aviation Group
29%
6.78
15.24
45.25.
ASeries
Fund Inc
i
Travelers
—100
U S Fidelity & Guaranty Co„2
U S Fire
4
U S Guarantee
10
Westchester Fire
2.60
80%
27%
9
66
11.14
1
•
;
Spencer Trask Fund
Incorporated Investors
8
Independence Trust Shares
•
Institutional Securities Ltd— •
Common
Standard Accident
76%
4.22
State Street Investment Corp—.
4.96
5.02
20c
25
9%
8%
10
23
8
40%
8%
95.80
10.21
1
Shares
Selected Income
Union
1
Corp
9%
8%
90%
37%
3.87
2%
Inc
Belected Amer Shares
4.70
4.85
4.85
shares
45%
Rutgers Fire Ins. com.
Hartford Steamboiler
7.41
3.52
6.85
7.58
4.50
4.56
-
19 %
42%
B
Hanover
Trustee Stand Invest Shs—
_—
52%
17%
87%
Scudder, Stevens & Clark
6.54
4.02
Tobacco shares..
AHuron Holding
15.32
6.80
Sovereign Investors
4.40
shares
26
49%
American
Hartford
7.29
3.64
4.26
Steel shares
Utility
Republic Invest Fund
Super Corp
Equipment shares—
RR
58c
lOo
1
5.89
shares
Railroad
53c
13%
24
preferred
Great
10
Reinsurance Corp (NY)
2
Republic
(Texas)—
10
Revere (Paul) Fire
10
St Paul Fire & Marine new_12%
Seaboard Surety
10
Security New Haven
10
Springfield Fire & Marine
25
95
12%
8
8
2nd
14.25
10c
1
8.98
7.69
10.36
Mining shares
Petroleum shares
•
2.43
&
91
15%
Providence-Washington
66%
6
Globe & Republic
Globe
145
62 %
10
Fire
Glens Falls Fire
2.75
1
5.94
Institutional bond shares
Railroad
1
10
—5
General Reinsurance Corp
Gibraltar Fire & Marine
2.85
8.17
6.99
.;
9.87
V 6.63
6.23
"v, 6.89
—-
Industrial Machinery shares—
Low
1
5.35
General bond shares
;.
1955
10
Newark..
of
Franklin
6.01
2.17
Quarterly Inc Shares
7.95
;;
•
Plymouth Fund Inc
Putnam (Geo) Fund
6.37
10.82
5.90
7.23
1953
Series 1958
8.66
Firemen's
52%
49
139
Fireman's Fd of San Fran
6.88
36 V*
61%
20
Fire Assn of Phi la.
shares
Series 1956
7.05
6.97
i
34
57%
,_io
Fidelity & Deposit of Md
8.42
7.65
Steel
Trust
26%
31%
6.03
5.47
Amer
24%
10
Federal
10.53
North Amer Bond Trust ctfs
40%
Employees Group-,.
Employers Reinsurance
7.01
9.58
Railroad
7.85
6.41
6.34
7.88
5.79
9.85
5.36
-
—
5
—10
Crum & Forster Inc—
54%
42%
Continental Casualty
Series
shares.
Automobile
19% *
52%.
7.05
Series
Agricultural
17%
10
9.22
Metals
North
10
Connecticut General Life
8.38
Machinery
Group Securities—
City of New York
8.46
Insurance
37.47
. 6.03
20%
29%
13%
—12%
National Liberty
——2
National Union Fire.:
20
New Amsterdam Casualty—
2
New Brunswick—.
,__10
New Hampshire Fire.——.10
New York Fire——
5
North River
2.50
Northeastern —————,.5
Northern
12.50
Pacific Fire
25
Pacific Indemnity Co
10
Phoenix
—10
Preferred Accident
5
21%
8
Fire
.6.35
-
serfes—...
;
<
610
585
loo
9.87
equipment
Stock series
Trust
8.53
Oils
34.85
5.59f ;
•
1
Capital Corp
10.71
Camden
79%
25
Boston
16
6%
2%
Bankers & Shippers—
7.66
10.27
9.74
stock
Industrial Stock
4.45
25.83
5.71
Baltimore American
11.88
6.96
:
A
27%
Merchant Fire Assur.
——5
Merch $ Mfrs Fire N Y
4
Monarch Fire Ins ————
National Casualty (Detroit)—10
National Fire
10
57%
Chemical
2.03
6.26
10.29
3.80
23.57
4.95
10
Foundation Trust Shares A—1
Fundamental Invest Inc
2
Fundamental Trust Shares A_.2
Trust Shares A
General Investors
Fidelity & Casualty_5
American
13.06
1
American
7.39
7.28
.
Massachusetts Bonding
/V19%
10%
11%
5
5.16
9.34
Electrical
Equitable
7.77
Building supply
21.10
Fund Inc
•.■■■'?" 19.60
Financial Industrial Fund, Incxl.85
First Mutual Trust Fund
8
- 5.60
Fidelity
18%
6.72
10.81
Automobile
33.94
41
31.56
40
12%
11"%
American
7.07
series—
England Fund
Bank4
23%
4.65
series
Agriculture
23.85
14.70
78%
21%
American Casualty
•4.05
3.59
Aviation
22.20
13.G9
Alliance
54%
37%
75
10
Life
35 %
25
Agricultural
Aetna
51%
10
1.35
Ask
Btd
Par
————5
Home
Homestead Fire
10
Insur Co of North America
10
Jersey Insurance of N Y
20
Knickerbocker
5
Maryland Casualty
1
137%
129%
10
3.84
Companies
Ask
Bin
10
Surety
Aetna
"
*
New York Stocks Inc—
—
5.80
1.29
1
1
Aetna Casual &
25c
Preferred stock series
19.92
New
Equitable Invest Corp (Mass)-fl
Equity Corp $3 conv pfd
1
General
Insurance
Par
Securities—
Low priced bond series
3.80
HowardBalanced Fund
Stock Fund
Fixed
-22.22
1
Fund
priced stock common
4.88
&
Eaton
4.96
—1
23.90
voting shares
2.79
1
2.50
25c
Dividend Shares
9.97
X4.55
National Security Series—
2.30
1
—
-
41.90
9.07
l(/c
Fund
1-953
Teletype NY
'
National Investors Corp
Diversified Trustee Shares—
C
41.06
Bell
DIgby 4-4950
98.58
10
series B shares
(Md)
18.43
Fund
Delaware
96.82
Tel:
6.90
•
—,.10c
Invest
Yorl^ Curb Exchange
Place, New York 5, N. Y.
40 Exchange
5.32
6.30
—
Natlon-Wlde
46 %
2.51
1
1
1
1
•
Accumulative series
5.47
5.03
1
Corporate Trust Shares
Series AA
Mutual
'144
44%
1'
Consol Investment Trust
2,520
139
100
1
Preferred
Common
Members New
"
ZZi
Chemical Fund
11.60
4.79
Fund
Manhattan Bond Fund Inc—
Century Shares
10.54
Z
Loomls Sayles Mut Fund
Loo mis Sayles Sec Fund
Ltd
Fund
Bullock
106.25
18.15
.—5
Co Inc.
14.69
S-4
102.00
.—5
Broad Street Invest
26.99
13.35
S-2
Series
3.72
.-10
Shares
of America—
Tr
Fund Inc
24.01
24.55
ZZZIZZII
Members New York Stock Exchange
18.98
21.82
:
-'
Series S-l_.
Industry
Inv
Boston
Shaskan & Co.
29.59
Series
4.18
.—1
Bond
Real Estate Bonds
on
Keystone Custodian Funds—
4.46
31%
15.14
1
Quotations
Ask
Bid
Par
<
A Common
Basic
Ask
3s
Canal 3s
103%
103%
105%
106
133%
134%
Ask
■
1988
1988
A
series
4s
4%s series B
Pacific—
Western
Canton & Youngstown—
Akron
93
95%
99
Inc
Stocks
Chic
Indianapolis & Louisville—
————I
1983
2003
1st 4s
—
2nd 4%s
Chicago Milw St Paul &
1 cf
1QQ4
Gen
income
—2019
__201.9
income 4%s A
Gen
4%s B
82%
81%
53%
-
'55%
Pacific
Ae
4%s
mtge
2014
&
1st 4s_
Conv
income
Youngstown—
Canton
Akron
5%
103%
71
,-r
56
104%
73
.
57
—-.——1994
2019
101%
102%
Common
65%
66%
—
——
Rio
&
*
100
&
Income
.——-2018
-1993
57%
58%
84%
85%
income
mtge
4%s
1971
106%
107%
4s_„
1991
74%
75%
Minn
St
Free
v
September
September
September
September
17
42
October 5.
October
19
t
c
Western
Pacific
Preferred
Ask
0.33%
b0.37
0.33%
2, 1944__
19, 1944
7, 1944
14, 1944
21, 1944
28. 1944
b0.37
0.28%
b0.37
0.30%
November
b0.37
0.32%
November
b0.37
0.32%
November 16,
1944
b0.37
0.32%
November
b0.37
13, 1944——
*No par
1%
common
Bid
b0.37
October 26, 1944—
October
November
0.33%
9,
24.
30,
b0.37
0.34%
1944—
b0.37
0.34%
1944-.
b0.375
0.35%
1944.
b0.375
0.35%
1944_.
b0.375
0.35%
44%
15%
at purchase
Ask
Treasury bills-
39%
18
43 %
quoted are for discount
Bid
Paul & Sault Ste M—
Optional v t c
St Paul & Saulte Ste M—
1st
Gen
41
Rates
Grande—
Rio
4%s
1st 3-4s income——
Minn
16
16
14%
Grande com
Preferred
Denver
15
38%
Pacific—
preferred —J-Jj,
Denver
85
Pacific
<———-—
Preferred
40%
83
preferred
Chicago Rock Island &
5%
United States Treasury Bills
39%
Common
Chicago Milw St Paul &
Pacific—
4%s—
106%
—
Common
Chicago Rock Island &
105%
100%
32%
68 %
2
33%
69%
k Removed
x
value,
a
Odd lot sales,
to Stock Exchange,
Ex-dividend,
y
Ex-rights,
tions not furnished
r
b Yield price,
fin default.
by sponsor or
d Deferred delivery, e Ex-interest, f Flat price,
s Cash sale—not included in range for year,
Canadian market,
issuer.
tThese bonds are subject to all
Federal taxes.
AQuota-
Monday, September 4, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1016
Week Ended
frHE COURSE OF BANK CLEARINGS
$
for the week follows:
fiummary
•
Sept. 2
>
•
366,620,369
370,532,716
-
v •
San
.
'
i!
-t
cities,'five
Other
-J'-Xr.
-
*
v
>
All
>:
cities,
it-—' ■
-
r
* | hi
1-1 V..
253,371,863
•
.
;
'
' '*
.
"■ 11 ■ 1 "•
57,318,790
week-
4.2
10,366,968
1.5
+ 5.2
+ 10.5
1,400,000
1,277,448
+ 25.2
•'28,130,893
22,572,000
-
48,100,834
;+
4th Cleveland
„;
—
5th Richmond
8th Atlanta
7th Chicago
1
Orleans—:
83,433,344
100,696,708
—17.1
377,629,488
328,889,651
196,264,183
292,528,974
;
j
We
8.5
491,759,745
District—Chicago—
470,947
429,106
+
+
1.9
2,764,442
227,113,018
+ 29.2
+
+ 35.6
9.233,544
6,810,648
27,847,632
1,957,607
1,551,777
Moines
_
6.2
6,032,204
419,098
Chicago
209,841,699
+
5.3
Decatur
1,551,325
5.4
.111.011.981
15.4?
.
6.842,171.429
3,948,309,769
+
3.9
3,515,300.302
.
.
..
\
1,393,662
+ 35.3
4,341,788
1,662,439
+ 31.9
1,792,073
1,660,888
+
5.2
1,692,138
536,528,826
(17 cities)
505,365,531
+
6.2
476,107,495
497,385,402
1
395,729,635
143,700,000
+ 14.5
127,000,000
113,200,000
65,984,743
58,295,214
"+ 13.2
54,652,819
49,474.743
37,232,632
30,619,220
'+ 21.8
27,314,880
22,699,831
982,313
915,000
268,849,688
233,529,434
Illinois—Quincy
Total
(4 cities).
Federal
Reserve
"
r
Minneapolis
New
<:
4,131,034
139,082,491
45,126,285
Worcester
New
42,429,862
:
2,829.411
2,564,786
1,813,080
1,284,241
+
1,458,707
1,115,126
+ 30.8
3,965,454
3,900,245
+
.1.7
196,264,183
194,473,268
+
.
Helena
Total
■
(7 cities)-i__.
Hampshire—Manchester
Total
Wichita
York—
Federal Reserve District—New
Second
York—Albany
Binghamton
-•
i
Elmira
Jamestown
/
206,110
—21.8
331,471
—15.5
236,119
250,000
8.9
3,075,592
2,753,111
72 471,039
2,684,223
+
5,225,675
+ 49.9
4,419,575
4,225,898
7.1
157,396,777
127,267,573
3.7
4,383,234
'3,581,846
185,882,678
5,510,484
5,314,949
+
969,856
1,097,732
795,726
692,774
292,528,974
277,846,182
• •
y
7.0
48,700.000
1.5
936,541
—32.7
1,286,682
6,759,916
4,986,820,848
cities);
(12
+
:•.+
+
21.0
265,429
3,326,871,127
606,580
924,563
</- +861,497
■+
255,154,848
5.3,?
179,442,642
11.9
1,956,180
2,143,158
96,171,937
6.8
92,683,347
65,891,629
11,212,849
1.5
9,426,045
7,808,584
2,549,000
6.6
T,965,000
1,149,721
2.2
1,092,252
1,190,844
4,996,989
2.2
5,889,157
? 2,491,465
118,094,133
5.4
111,011,981
81,328,680
2,013,637
4,514,185
0.1
5,036.583
4,524,842
12.1
2.2
18.317,893
9.1
..
3,445,613,806
City
-
—
-
398,706
Total
20,252 931
.
(10
79,221,879
.
i 'l't.
'
v
1,803,000
+
3,018.467
,
4,862,320
1.724.485
4,163,062
5
1,575,129
+
-
■
'
53,504,173
21,194,700
17,739,005
4,697,084
+15
2,184,593
3,119,982
9
207,369,000
202,257,000
+ 34
,
3,722,742
3,676,233
+
+ 17
+ +
12
.1,251,265
1,435,852
3,084,407
.
3,007,927
"
"I
cities)'L—
456,928,031
480,347.217
;+15.4
Vr 395,729,635
350,798,247
1
26,888,558
Grand Total
(111 cities)
Outside New York
3,279,726,450
+
—
7,949,013,821 ; +12.5 *
3,948,309,769, . + 3.9
8,945,795,732
4,i03,7i4,5yo
6,842,171,429
3,515,300,302
6,389,017,896
3,236,582,447
•Estimated.
Third Federal Reserve
District—Philadelphia-
Pennsylvania—Altoona
688,759
_
Lancaster..
;
Scranton...
'
,
Wilkes-Barre
_
——
'"
(10
Fourth
_
560,613,813
440.334
4.5
1,238.260
532,783
1,437,480
503.000.000
1.102.208
1.608,249
1,814,779
2,239,417
+
4.3
+
5.5 '•
+'
2.9
1,247,439
v.
611,351,045
404.650
1,594,120
534,000.000
0.5
-6,465,400
397,159
1,275,991
V'
8.2
+
1,533,266. ■»
'.
'i
•
+ 16.5
—
2,055,189
2,143.067
1,315,774
'i
+ 24.7
—17.3
—
1,179,878
;
4,403,600
c!ties)
Federal Reserve
1,186.030
595,000,000
'
1,577,166
_
Jersey—Trenton
Total
1,253,422
546.000.000
_
York.
833,177
-
.
1,460.584
—
Philadelphia
New
1,320.643
1,261,760
Chester
Reading
462,631
577,073
-
Bethlehem
—31.9
—
8.3
-
1.020,045
>
3,461,700
546,963,264
?
3,310,677
Cincinnati
/6,350,700
519,606,904
2,734,793
+ 21.1
2,902,767
2.817.044
98.619.536
91,804.400
+
7.4
86,318,634
74,361,258
198,096.942
191.921.749
+
3.2
174,801,140
171,281,132
Columbus
15,032,000
12,817,900
+ 17.3
13,154.200
14.749 600
—111—
Mansfield
.Total
(7 cities)
:
1,926,258
+ 17.2
2,006,661
2.228.428
2,615,720
+10.2/
2,726,945
3.489.794
228,542,665
Pennsylvania—Pittsburgh
2,256.927
2.881.282
Youngstown_.
Clearing were discontinued as
As noted in our issue of Jan. 17; 1944, page
250, at the last Annual General Meeting
;
1
Bankers
Association
returns be
direction
discontinued
on
was
of the Canadian
that clearings
given
Dec. 31, 1943, in view of the fact
the figures did
that it had been obvious for some time that
Cleveland
»
Note—Canadian Bank
'
of Dec. 31,1943.
1,581.830
District— Cleveland—
Ohio—Canton
'
1.311,428
!
1,759,035
201.891.750
+ 13.2
209,849,398
192.178,738.
548,740,029
505,712,570- +
491,759,745
461,105,994
8.5
1,597,585
73,364,179
7,183,941
5
9.668.484
244,398.000
2
59,763,406
74,799,679
7
+ 32
^-11
23,864,782
3.471,770
266,901,000
6,543,408
2,022.079
4,676,296
Francisco
Stockton
1,857,689
70,056,241
24,433,513
9,185,248
"
Santa Barbara..
•**
24,926,584
+20.4
Lake
;
265,131
+
2,459,415
—
+
84,128,863
90,598,247
San Jose
8,325,135
+:
v
San
3,152.435.449
5,492,945
30,963,284.
4,141,140,014
•
>
990,118
:v ?;
?;
Francisco—■
Federal Reserve District—San
California—Long Beach
Pasadena——
/
852,246
7,754,507
+
—
(6 cities)
(Utah—Salt
636,023
7.8
22,167,049'
,
—
Oregon—Portland
45,100,000
i,.-
15.9
—
2,018,152
5,107,639
Falls—-
Yakima
967,594
—
t
—11.7 £■
+ 14.9
37,761,378
-
2,266,093
*
1,773.424
89,599,000
11,382,852
2,718,000
1,124,355
=
/Washington—Seattle
.
1.023,705
4,960,6581
33,779,254
/:;■/'+'?
+18.8
8,842,890
.
"<51,313,511
1.6-
9.5
116,607
149,266
304,424,856
Total
963,601
+
;■
111,705,270
—
Louisiana—Shreveport
14,880,940
4,000,704,052
22,665,795
«.
Wichita
5,000,108
«
V
(10 cities)—
Twelfth
906,436
297,588
I
i„
New Jersey
307,896,673
/•;••."..■•
1,323,411
;;
Galveston
—35.7
53,361,788
—
199,135,743
City——
Dallas
587,036
:'
4,571,931 i
—
Jersey—Montclair.,
Total
•
6,696,275
,
Connecticut—Stamford
Northern
57,115,000
10,247,228
—r—
Newark
;
—
+
13,824,300
510,262
4.4
+
H7.
7,832,839
'
Fort Worth
9,921,500
-
4,842,081,142
.
Syracuse—.——
•
891,136
—,
—
Rochester
New
V
.
919,593
__
—_
New York—
>
1,178,635 *'
:
Buffalo..
-
6,377,271
—-
•
147,366,653
r
Eleventh Federal Reserve District—Dallas—
;
,
147,479,552 V
,
71,314,412
2,938,793
;
Texas—Austin
4,999,381
14,866,600
2.2
+
5,339,985
8.8
—
318,429,550
.
3.5
—
>
508,364
v,
■■.vis
161,155
-v,;
—
Joseph..
Total
11,917,113
6,004,809
3,459,716
3,743,745
0.9
3,939.531
i.
—
_-
Missouri—Kansas
2,224,153
11.951,747
12,856,900
;-l,087.121
279,946
Omahar——
2.894,317
2,314,782
1.3
332,395,536
cities)
(12
2,901,681
7.2
+
519,535
v
3,590,020
!.
Lincoln—
802,010
+
■
New
880,681
2,163,689
5,797,289
2,663,765
1,150,617
■i
City—
Reserve District—Kansas
Nebraska—Fremont.—
291,767
"
13,648,081
11,728.900
.v
1,071,487
1,107,281
41.2
•V,
Tenth Federal
693,399
280,621
—10.0
Icland—Providence
33,173,701
2,738.467
2,319,067
Haven
101,902.576
1
2,339,248
+ 10.3
Dakota—Fargo.
Montana—Billings-
$'• .•?:•'
13,819,336
—
—
36,850,025
•
262,697,525
21.0
.+
3,929,157
98,717,261
755,388
832,889
4,068,816
+
—
+
3,650,505
1.5
6.4
—
Dakota—Aberdeen
«/.V'-" :
4.705,204
+ 11.8
'
New
•0
I $
546,685
262,767,536
1,015,326
3,660,331
—!
186,035,574
-
1.8
1,135,206
Springfield
1941
+'
6.1
307,610
Connecticut—Hartford
661,000
209,841^699
0.8
+
4,096,517
136,940,212
:
.i—
Paul
South
350,798,247
•
5.6
—
875,654
'
v
273,334,144
Bedford.
Rhode
3,005,595
'
V ,/,
-
+ 11.8
372,141
River..
874,000
,
+15.1
North
•"
•'
•
Fall
7.4
+
District—Minneapolis—
Minnesota—Duluth—%
Pueblo——————
1942
or
288,646,533
859,628
Lowell
1,914,373
1,521,791
164,600,000
St.
,v... Dec. %■>
t
1
'
640,562
2,821.693
Portland
Massachusetts—Boston
4,543,470
V
Kentucky—Louisville-
Aug. 26
Inc.
'
:
$
!
:
715,877
Maine—Bangor
1,111,488
Tennessee—Memphis-
.
1943
—
446,751
410,382,340
V-
1,430,144
4,230,746
Hastings——:
1944
-
>
i
376,088,556
«
Eighth Federal Reserve District—St. Louis—
3,236,582,447
'
--?•
383.816
'
6.0
11.4
Missouri—St. Louis__
6,389,017,896
;■+
+
<
81.328.680
+ 12.5
-
■
—12.6
4-79,548
4,290,519
2,191,169
.....
Springfield-^-
179,442,642
t
7,949,013,821
Reserve District—Boston
Federal
*
403,441,394
9,930,770
£ V
5,361,751
5,725,924
+
-
Rockford.
Total
>
'
1,396,658
r-
11.355,941
-
2.5
—
1,746,722
Peoria
Kansas—Topeka
V. ;
i
First
•
0.5
i—
21,883,126
:*i*
+
Colorado—Colorado Springs—
Clearings at—
6,298,522
1,180,556
147,366.653
255,154,848
8.945,795,732
'
2,065,564
186,035,574
147,479,552
+
277,846,182
0.9 i
+
—
118,094,133
for four years:
23,104.000
y-
27,512,426
+
6,188,872
7,
427,792,502
497,385,402
476,107,495
+ 15.1
+
194,473,268
Week'Ended
"...
1,970,523
-
.
8,001,594
9,9
+ 26.2
11,915,675
11,851,451
„
Illinois—Bloomington
add our detailed statement showing the figures for each city for the
now
2,388,447
3,177,849
30,609,975
_
Sioux City
187,405,375
4,103,714,590
week ended Rug. 26,
2,509,733
3.9
1,899,831
?
25,175,000
3,301,754
—
4,245,213
2,679,865
8.9
2,473,119
24,563,000
■'+
379,963
3,809,846
7
8.3
2,692.633
194,391,119
257,499,713
+
456,928,031
cities
403,821
9.8'
4,774,634
22,514,000
_
Haute
Des
461,105,994
1.5
14.8
—
111,705.270
City..
187,405,375
1
304,424,856
111
._
108,747
45,316,005
257,499,713.
3,571,407
Terre
519,606,904
480,347,217
6
;
136,795
62,849,553
•
4,867,069
Wisconsin—Milwaukee
3,279,726,450
546,963,264
10
1
Outside New York
v
307,896,673
3,445,613,806
+
■
505,365,531
233,529,434
268,849,688
■'
4.4
—
505,712,570
257,254,412
328,389,651
•:
536,528,826
•
2,987,310
'v"
•+14.8
;
>
.
23,573,769
4,767,650
:+20.0
Bend
St.
8.3
'
377,629,483
7
City.—— 10
Francisco
Total
548,740,029
253,371,863
4
11th Dallas
12th San
611,351,045
——
1,677,411
33,512,151
2.6
.+
164,993
Iowa—Cedar Rapids—
1
+20.4
318,429,550
4,141,140,014
17
-
Louis
9th Minneapolis
10th Kansas '
"f;+
332,395,536
560,613,813
10
_—
1,968,811
+ 29.6
3,907,139
197,980
(10 Cities),—.
South
1
1941
1942
'
4,986,820.848
6
-
?
+ 28.9
37,102,050
:
4,007,888
Indianapolis
Dec. %
-v:-
7
Philadelphia
8th St.
$
10
12 cities
,—
York
New
24,917,941
59,500,000
37,829,370
Indiana—Fort Wayne
week previous—the week
aggregate of clear¬
Inc. or
1943
.
12
1st Boston
3d
■'
5,474,744
5,311,890
30,021,970
89,400,000
5.4
2,089,533
V 1,642,252
Lansing
available at time of going to press.
$
Week Ending Aug. 26
..,-4
'+3T.0
Mobile
Ninth
1944
■'
by Federal Reserve Districts:
a summary
Districts
■
32,493,671
Michigan—Ann Arbor
Grand Rapids
there was an increase of 12.5%, the
furnish
J
106,100,000
1,814,426
Seventh Federal Reserve
+10-2
SUMMARY OF BANK CLEARINGS
2d
.'194,391,119
y/:
of 21.0%. We group the cities
they are located and from this
it appears that in the New York District (including this city) the totals show an
improvement of 20.4% and in the Boston Reserve District of 4.4%, but in the Phila¬
delphia Reserve District the totals show a falling off of 8.3%. The Cleveland Re¬
serve District records a
gain of 8.5% and the Atlanta Reserve District of 14.8%,
but the Richmond Reserve District registers a loss of 1.5%.
The Chicago Reserve
District has to its credit an increase of 6.2%, the St. Louis Reserve District of 15.1%?
and the Minneapolis Reserve District of 0.9%.
In the Dallas Reserve District the
totals are smaller by 5.4%?, but in the Kansas City Reserve District the totals are
larger by 5.3%? and in the San Francisco Reserve District by 15.4%?.
Reserve
227,113,018
,
r.V.;
clearings at this center having recorded an increase
according to the Federal Reserve Districts in which
Federal
31,189,741
+ 51.0
6,863,935
,
;■!■/;:/!.- 2,694,371
•——
'"l'
+ 4.3
the final and complete results for the
In the following we
100,203,489
34,261,300
Louisiana—New
ings for the whole country having amounted to $8,945,795,732, against $7,949,013,821
in the same week in 1943.
Outside of this city there was a gain of 3.9%, the bank
V
1,474,012
•
29,458,980
-
•'
<
*■
1,780,613
120.613,638
5.2
—
,
47,352,377
Total
■l" 11 " 1 1
-
$8,910,242,624 * $8,465,840,812
—
•
,>
+ 5.0
^
:,.{r
»■
■
1,485,040,437
ended Aug. 26. For that week
!
4.7
—
'+
145,400,000
Mississippi—Vicksburg—
t- ;■
II "!<*II|I|»
$7,118,022,944
1,347,817,868
Saturday and the Saturday figures are not
able to give
794,087
3,411,000
67,831,585
1
Alabama—Birmingham
Accordingly, in the above the last day of the week in all cases has to be estimated.
In the elaborate detailed statement, however, which we present further below,
are
f
6.669,000
1.6
—
257,254,412
'':v
v. 759,202
+ >8.8
+
1,357,378,135 »; + 1.4
$7,425,202,187
.
~
.*!
:?
Complete and exact details for the week covered by the foregoing will appear
in our issue of next week. We cannot furnish them today, in as much as the week
we
$
1
+ 5.1
+ 5.0
+ ■• 5.7
$5,760,644,809
/
Reserve District—Atlanta—
Macon
+
nil ■«.■■■! bit.* mi 'l"l ■—«III
1,376,222,360
/•I.-'V'; 1
"'•'♦"j: •»'*.*
days—:
Federal
Augusta
1
ends
1,714,595
29,198,669
Florida—Jacksonville—:
.
+ 9.8.V;
157,194,387
108,269,253
--
I I.
$6,048,979,827
—■—-
day
one
Total all cities for
;
}■
.
.——
V
Total all cities, fiV2
'
i
——
days--
ij, •:'-:'v#V;|V .' "•
■*
j
five days
cities
Ten
?
—.
——
'*
(6 cities)
Georgia—Atlanta———
.
j
:
1941
S
+24.9
.
139,873,773
Nashville
1.7-
201,828,000
190.000.000
165,027,591
114,406,325
—
»
Baltimore
>*■
"120,*00,000
-
199.691.930
Cleveland
t:,
-■
221,619,000
Pittsburgh
./+/;
-
-
138,100,000
.. .
-
.
I
Francisco
Total
1.1
+ 0.7
T -1"8
240,5/8,953
JS415-JS
'
—
fit'Lonts
.<*:
1,633,358
33,358,679
Columbia—Washington—
Tennessee—Knoxville^-t
+ 6.7
—
480,000,000
4]2,000,000
3tFHI
Kansas
of
5,222,000
,V 80,307,424
132,532,373
Maryland—Baltimore
District
937,951
5,684,000
79,000,888
Carolina—Charleston—!
South
?.
1,171,565
■
Richmond
,
242,205,956
Rnfiton
;
'
•
.■■
it
1943
$3,725,870,091
Philadelphia
'
••
Virginia—Huntington
Virginia—Norfolk
^
Sixth
1944
$3,974,192,828
Chicago
.
West
Telegraph
■
York
New
r
•
1942
Dec. %
t
'
Clearings—Returns by
Week Ending
■
■
,
N
*.
Aug. 26
Inc. or
Reserve District—Richmond—
Federal
Fifth
week will show an increase compared with a year ago. Pre¬
liminary figures compiled by us, based upon telegraphic advices from the chief cities
of the coubtry. indicate that for the week ended Saturday, Sept. 2, clearings for all
cities of the United States from which it is possible to obtain weekly clearings will
be 5 2% above those for the corresponding week last year.
Our preliminary total
stands at $8,910,242,624, against $8,465,840,812 for the same week in 1943.
At this
center there is an increase for the week ended Friday of 6.7%.
Our comparative
Bank clearings this
»
1943
1944
not
correctly reflect business activity, for the reason that
intra-bank items do not pass
through the clearing houses.
Volume
American Optical
American Paper
Goods, 7%
American JStates
'
,-vVi
*
T'.
-v-
-•'Company and Issue—
-j
j
NOTICES
OF
'
•
dompanla Salitrera. de Tarapaca y
in
Automobile
829
•
^•debenture stock-and
bonds, due 1859_^c_
1
4ft bonds due 1952 (Louisville
1"
::
—;—Nov
Atlantic Coast Line RR.
Beech-Nut
531
$2.50
3% ft bonds,
/ j
—A~-—Sep 25
& Electric
Cincinnati Gas
1
1st mortgage
-—Oct
•
1
rV
Oct
:
Oct
.Oct
1st mtge. 4s, series A, due 1961
1st mtge. 4%s, due 1956_;
— ;;;>■
1st mtge. 5s, due 1959
/Nov
20-yr. 3ft debentures, , due 1963
Oct,
Megowen-Educator Food Co., 5ft debs., ser. B, due 1947_Oct
New; York Power & Light Corp. 1st mtge. 3%ft bonds,
Keyes Fibre Co.
1964
due
Co.
__wJ-—ll—
-Oct
——.
—
6%%
Paramount-Broadway
832
1
5%
730
1
835
United States Plywood Corp.,
West
Suburban
571
Bush Terminal Co.,
1
571
Calgary & Edmonton
1
1
873
—Sep 15
873
——
5 Wo
1st mortgage
6s, due 1946——...
Bethl?hem Steel Corp., 3%.ft
1954
due
bonds
i
—
Sep 30
Oct
—Oct
Oct
Power
Illinois
Power
1
219
v
1
{2299
1
533
1
*
Sep 30
Feb
429
$1863
1
>
831
327
Co.—
ret. mtge. bonds, series a, due 1953
Oct 1
6ft preferred stock—Oct 1
Market Street Ry., 1st mortgage s.f. bonds
._
Oct 1
Mock, Judson, Voehringer Co., Ine.j debentures
.—Sep 15
National Container Corp. 15-year 514% debs., due 1952„Oct
1
•; 1st &
Food
$1447
1)1
———Sep 15
certificates.
&
Canal
St.
731
Sep 12
due 1952
5ft bonds, ser. B, due 1955——Sep
RR. 6% 'gold mtge. bonds due
Oct
Street RR. 1st mtge. 4s, due 1952
Oct
Charles
Rubel Coal & Ice Corp.,
6%
Service Co., 1st mortgage Gs, due 1951——Oct
Silverwood Dairies, Ltd.—
- 1st mtge. 4% ft bonds, due 1945, 1946, 1947 and 1956_Sep
Sioux City
•
Pacific Co.—
4ft gold bonds—Central Pacific stock coll. due 1949—Dec
Central
Pacific
Ry.
Through
Short Line 1st 4s r
12570
1
1
570
570
."■'due
1954
Oct
—
University-Greatheart Society, Inc., 6 ft bonds—Oct
Power Co. 1st mtge. 5s, due 1950
§
Temple
Co., 1st mortgage 6s,
Oct
dated 1929—.—
9-1if;
Guilford Realty,
9-15
Hall
...
9-30
9-14
8-29
9-30
9-21
9-11
1
8-30
''9-15
■
'10-2 ^
7%
9-
2
t$l
10-2
9-
1
10-t 2
9-15.
10-
9rl5
9-15
2
9-15
Hoover Ball &
10-
2
9-15
Hotels
(quar.)—— v/;v $52c
1
1
3
2
9-15
10-
2
9-11
9-
9
10-
9;v
2
9-21
9-
9-13
$1.75
10-1
$3c
v.9-30
25c
9-15
Mail
—————
(quar.)
Chicago Towel Co., common
.i_j
$7 preferred (quar.).^
,
Securities,
preferred
7'/o
common
(quar.)
Chemical Co.
Columbia
10-
2
10-
—
Commercial Shearing & Stamping
(quar.)
Ky.)
(Louisville,
770
$4.75
;
$2237
8%
Quarterly
Co.
^.1
,
124
(I.
9*
9
8-30
9-15
Cooper-Bessemer Corp., common
$3 prior preferred tquar.)^^
8-31
9-
1
1
9-30
9-16
9-16
Lockwood
2
9-15
Loew's
10-
2
9-15
Deep
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
v
Dividends are grouped in two
declared.
r.
The dividends
-
Rock Oil Corp
(irregular) _i—
8-31
8-22
9-29
9-12
75c
9-29
9-12
4%C
8-31
7-20
J'l2%c
9-30
9-
•
announced this week are:
common
When
Y
A P W
Aetna
K^'/j
4$ pfd. class A (s-a) */
Name of Company
Co; "(quar.)
Aetna Standard Engineering Co., common.:;
5ft preferred (quar.) ——
Manufacturing (quar.):.——
Alabama Power Co., $6 preferred (quar.) —_
$7 preferred
(quar.)—
—
——_
Akron
Brass
Allegheny Ludlum Steel, 7%
Allied Chemical & Dye Corp.
preferred,^——
(quar.)—
Sugar Co. (quar.)——:—
& Body Co—
—
American Fork & Hoe Co., com. (increased)4.V2% preferred (quar.)__
—-L.¬
Amalgamated
American Coach
American Home
Products Corp...(monthly)—
of Re0
10c-
Properties Inc.,
Casualty & Surety (Hartford, Conn.) —
Life Insurance
Payable
10-1
9-23
thare
10- 2
8-26
10- 2
8-26
-50c
9-20
9-
9-30
9-23
9-30
9-20
J
$1.25
15c
$1.50
10- 2
9-
$1.75
10-
2
9-
$1.75
12-
non-cum.
American Machine
class A {quar.).——_——
&
Metals————:—.—
8
1
$1.50
5C
25c
30c
1.12%
20c
American Locker Co.—
$1.50
'
5
37V2C
25C
9-20
10-
2
8
10-14
.10- 2
9-30
10-16
8-
9-
10c
9-
12 %c
1
9...
5
$7
-
9-
Duke Power Co^
Co.—
(quar.)
f
>
Telegraph Co. (quar.)
Mueller Brass Co.——:—
5
/Myers (F. E.) & Brothers Co.-(irregular)—
9-11
9-28
Nachman
10-16
9-28
$80c
11- 1
Drug Co., class A
B
10-
"9-15
9-
2
9-
2
10-
2
9-15
10-
$1.12%
109-
$1.75
2
National
9-15 /
2
9-16
9-9
10-
5
9-14*
1
8-17
9-18.'-
8-30
25c
9-16
8-
9-18
9-16
9-30
9-18
8-25
8-21
8-21
9-20
9- 1
10- 2
10- 2
$1
8-26
9-15
9-13
9-15
10- 2
10-16
10- 2
10-15
9-29
9-28
,
prior pfd. (accum.)
(quar.)
Car Corp. Ltd.
Sugar Refining Co.——
Nestle Le Mur Co.,
$2 partic. cl. A
——
(accum.)
England Public Service—
$6 prior lien preferred (accum.)—.—
$7 prior lien preferred (accum.)—.
9-
J 37V2c
$37V2c
9-15
9-
$1.12%
$1.31 Vt
9-18
9-15
9-15
9-15
9- 8
V-
8-31
$1.50
$1-15
8-31
9-
9- 1
9- 1
Spring
9-
9
8-30
No-Sag
10-
1
9-15
North
10-
3
9-14
American
30c
Inc. (quar.)
Co.A
Fenton United Cleaning & Dyeing Co.
9-30
9
Fort
Brewing Co
2nd preferred
(quar
7'U
1st preferred
(quar.)—.—
10-
1
9-15
9-30
9-16
10c
9-30
9-18*
50c
9-11
9-
5 *
9-20
9-
(quar.)
6^ 1st pfd. (quar.)
Ohio
—
Associated Telephone Co.—
9-26
25c
10-
2
9-11
75c
10-
2
9-22
$1.50
10-
2
9-20
62 %c
10c
9-20
9-
8
6%
Ohio
preferred
Brass
Co.,
(quar.)—.—
class a
(quar.)
Class B
Ohio Edison, $5
$6
preferred
—
■
8-31
8-25
8-25
.
preferred (quar.)
(quar.)......
Ohio Seamless Tube
Co., common
$1.75 prior preference
(quar.).
—
$1-50
—
; 40c
9- 1
9-23
40c
9
v
of New York
First National Stores Inc. (quar.)
—~
Forbes & Wallace, Inc., $3 class A (quar.) —
9-
6%
.
Fiduciary Trust Co,
Foreign Light & Power,
5
7
25c
Shops
1
9-
9-
25c
Federal Motor Truck
9-
9-15
9-18
———.——■—
9
9-15
Northwest Publications Inc.—-
North American Railway (s-a)_
$2.50
25c
10-2
8
9-
9-15
9
New Method
9
-
9-15
9-15
9-18
$38.70
9-
v
5
9-
10- 2
9-28
9-30
10-15
10- 2
9-15
25c
$1.50
$25c
35c
20c
(.irregular)——-——Bond Trust ctfs. of int.—
9-18
50c
Federal Bake
8
9-15
9-15
9-15
8-30
2
25c
(irreguiarji
8
9-
9-15
$1.62%
$8%c
10-
25C
Faultless Rubber Co.
4
10-
10-14
$1.25
50c,
$1.75
$48c
1
9"
10-16
10- 2
9- 5
25c
>,9- 1
$1
9- 1
5c ... 9-30
$1.75
87%c
15c
1
9-15
10-2
9-29
10- 2
$1.75
$1-50
40c
1
9-13
9-30
9-15
$$1.75
5
9-
9-27
9-30
8-15
Laundry, 6%% pfd. (accum.).
North Star Oil, Ltd., 7% preferred (accum.)
68% C
—
Plantation Co,——.
Pitt
9-15
9-15
50c
50c
50c
1
9-
New
"9-15
9-30
25c
National Steel
—
—
National Refining Co., $6
2
10-
(quar.);—
National Oil Products
2
—L
—
12 %c
9-8
8-30
9-
Ltd.—
—'A-
(quar.)—-
;'"8^ preferred (quar.)————
European &
preferred class A
$1.50 preference
1
11-
75C
(quar.)—--—
8-31
9-15
25c
Corp.
National Grocers Co.
$1.75
Electric, $4.50 preferred (quar.)——
Natural Gas, 7ck preferred (quar.)A.
Elliott/ Co., common—
——
5%•% conv. preferred (quar.)——
9-22
8-31
National Food Products Corp.—
10-
—
El Paso
Class
-—
2
' vV.
Cbmmon
Ein^rson
class A—
10-16
t35c
'
15c
40c
(quar.)--
t$1.25
preferred (quar.)—-—
7%
common
Montreal
8-25
1
—9-11
Montgomery Ward,
6
9-
9-12
9-15
9-15
■ >,
15c
7-24
7
25c
fquar.)w
Manufacturing Co., common
A convertible (quar.)—
pfd. A (quar.)—_
Monroe Chemical Co., $3% preferred (quar.)
Montana-Dakota Utilities Co., com. lirreg.)5% preferred (quar.)_r—
—
9-30
9-15
common
Milwaukee Gas Light, 77o
9-15
$1
5c
—
(quar.)
Class
5%
& Chemical
8
9-
<
$$1.37,/2
Donahoe's, Inc., 6% preferred (quar.)_vC-37V2c
Draper Corp. (quar.)
:
—75c
Ewa
9-30
9-15
9-20
50c
El Paso
$1
30c
<■:/
Aetna
Holder
10-2
Miller
Corp.,
t$1.75
Ltd.—
(initial quarterly)
5y2ch preferred
Per
9-16
>
25c
preferred (quar.)
Dominion Tar
Industrial and Miscellaneous Companies
2
25c
.
——
8'.'0
9-16
2
10-
$1.50
—_
(quar.)--.
preferred (quar.)™—-—
—
Hat
Merrimac
10-
8-29
9-15
37%c
preferred (quar.)—
—
$1.75
Maryland Theatre Bldg., v.t.c.—* $1.25
Dominion Malting Co.
New
—.
Co.,
Maryland Drydock Co., common
9
$1
Inc. (quar.)—
Delaware Rayon, class A—
Detroit-Michigan Stove —
———
Detroit Steel Products Co.—;.
—
Dixie Ice Cream Co. (quar.)——
Doernbecher Manufacturing Co._—-.
Dominion Foundries & Steel Ltd. (quar.);—_
Dominion Glass Co. Ltd., common (quar.) —
I'/o
(quar.)—T—(—
(quar.)——
(B.)
71c
87 %c
(s-a)-
9-14
9-25
8-15
Theatres Ltd.—
7% preferred
Marion Manufacturing (quar.)—.
Marsh (M.) & Sons (quar.U-;
8-15
%9- 1
$2
Delaware Fund,
'■
—*
—
7% preferred
if- 25c
———
Deere & Co.
——.
Lyon Metal Products
;
(quar.)_
Co.
(Marcus)
Manischewitz
"
;
Aircraft Corp.
Lockheed
2
30c
9-15
9:30
9-15
60c
Lexington Telephone Co. (quar.)
Lima Locomotive Works, Inc
10-
deposit receipts (interim)
Long Hook & Eye
of New Jersey
Inc.. (irregular)—
Refineries,
Leonard
$2
Creameries of America Inc...(quar.) j
De
—
(irregular)
Lehigh (V Wilkes-Barre Coal Co.
10-
——it L
Dayton & Michigan RR. Co., common
8'/o preferred
(quar.)
—t
(quar.)
Rubber
B.)
Quarterly
...
9-
—->.[■
9-27
10- 2
9-22
Mill
Kleinert
9-15
Continental Mills
DIVIDENDS
$$1
$2
Kilburn
9-15
9-15
——
X
9-
10- 2.
9-15
2
15c
—
—
American
/Laclede-Christy Clay Products, 6% pfd
$1.50
Landed Banking & Loan (Hamilton, Ont.)—.f'r
2
10-
(Chicago, 111.) —
8-31
9- 9
9-12
9-15
10-
$1.18%
572
*
;"v/
$2
-30c
—
10- 2
50c
preferred (quar.)——
3
9-19
9-15
Funds, series B-4 (s-a)_
Series S
15c
(quar.)__—
Continental Casualty
$1
Keystone Custodian
9-15;i
9-15
10-
10- 2
Jamestown Telephone,
Kelley Island Lime & Tiansport
62 %C
v.t.c. (quar.)
preferred (quar.)———-—
preferred
$1.50
20c
.
$1
1st pfd. (quar.)Co. (quax.)_
6%
9-25
15c
;
1
9-11
9-15
9-30
8-10
•>:
9-
50c
75c
(quar.)_—
—
9-15
-9-28
9-20
$1.25
(quar.)
common
(quar.)
2
•••:• •
5
8-23
8-15
/9-20
9-25
10c
Co—
8-31
,9-
10-2
10-16
9- 1
9-11
9-
Insurance Co.
Commonwealth Life
2
2
9-12
•
/' 10- 2
Water Supply,
preferred
75c
Bookbinding
Commercial
$5
25C
J
99-
9-30
9-12
9-20
37%c
'
6% preferred
Irving Oil,
75c
(quar.)—
5
5
7% pfd. (quar.)$1.75
Stores
—
25c
Co.,
Department
Interstate
25c
Baking Co.,, common-
99-
9-15
75c
(quar.)
/" ;•
10- 2
9-15
10-15
75c
1
6
9-
10- 2
10-15
!
;
International Silver
9-15
$1.75
/Quarterly
9-20
10-, 2
——_
Elevator, $3 pfd.
part, preferred
Participating
8-28
Jamaica
(quar.)—
9-20
\ 9-^ 6
50c
$20c
//international Cellucotton Products Co.— v"
9-5
$1.75
—
9-20
.
$37%c
,
com.
participating preferred (quar.)—,
6f<t
k.9- 5
9-15
\
9- 5
9
9-20
;
,
f
75c
30c
pfd. (s-a);_
(quar.);;
4%
Powders,
International Bronze
$1.25
'4
Co.—
9-
9- 5
9-16
Securities Corp.,
Inter-Ocean
7
8-30
2
9
:
—
i.i 9-20
$1
$22
7% preferred (quar.)—.—
City Investing,
Clorox
.
<•"> $1,75
——
(quar.)—-'——
preferred class A
5cfo
——
Gas & Electric
Cincinnati
10-
15C
8
9-12
9-
9
9-
9-14
.
8-21
;
(irregular)
Order
:
Co.
9-15
8-21
50C
9ft
10- 2
10-15
5V4%."preferred (quarl)_
—™r $l.;3f'A\ 10-1
Industrial- Acceptance Corp.—
';>■;/ ;
/ .v
*
5% conv. preferred /(quar,)—————„— ; $$1.25 7
9-30
Industrial Silica Corp.;6V2% pfd. (accum.);;/ $1.62%
s v 9- 9
Inter-Island Steam Navigation (irregular)
j v 25c
9-20
2
6
9- 5
rt
10- 2
9-11
9-20
10- 1
50c
40c
'•/; 40c
v $$1
Inc.
Hyde Park Breweries Association Inc.—
Ipdianapolis Power & Light Co., common-
10- 1
T-
■
Central Soya
$2.50 conv.
$2124
9-21
10-
Co.
Statler
7
9-
$1.25':'' 9- 1
(quar.)
preferred
Bearing™—A———v,
(irregular)
Hubbell (Harvey)
Inc. (quar.) —_A__i_:__A_
Huron & Erie Mortgage Corp.
(quar.)
10-10
.
5%
Allison Co.,
Hooven &
Ltd.—
Consolidated Retail Stores,. Inc
1
6%
'
10-
Carpenter Steel Co. (interim)—-—'
Case (J. I.) Co., 7%
preferred (quar.)
Central Patricia Gold Mines Ltd. (quar.),.—
Chicago
(quar.)
(quar.) —•
:—
Transit Co., common (quar.)
preferred (quarterly) ——
Honolulu Rapid
10-2
Electric,
9-
9-1
25c
15c ' 9-11
35c :
9-15
15c
8-31
Honolulu Gas Co. Ltd.
$8c
participating preference
9-19
9-30 J
•
& Sons Inc.
(A.)
$15c
>;$5c
—
9-20
9-14
,
$1.75
10- 2
50c t; 9-30
Honolulu Plantation
Consolidated Cigar Corp., common
30
9-15*
$20c
preferred (quar.)
9-20
10- 2
3IV4C
(quar.)L——u__ ' ;/• 25C v:
Hollinger Consolidated Gold Mines Ltd.— ,v
—i——$10c ,
Quarterly
Hollingsworth & Whitney Co. (quar.)_
50c
Hollander
9-16
2
9-20
' 9-15'"
^-$25c
Quarterly
9
10-2
:; $25c
.
(quar.){4^_„$1.25.
Paper po. of Canada Lt'd.-~•/•••/*•'•
' •
& Dauch
Hinde
9-15
9-
"9-29
9-20
9-13
PapeiviCo, ■ irregular)
Dauch
'-7.55% preferred
9-15
20c
$$2 '
Ltd. (quar.)i
Canadian Wirebound Boxes, class A (accum.)-; , ;$37%c
25C
Capital City Products.
»
: 50c
Capital Transit Co.
—
$5
Capitol Life Insurance (Denver) (s-a)—__—
,.'$1
Carnation Co., 4'h 1st preferred (quar.)
§Redeemable at any
$In Volume 159.
Hinde &
5
9-
$1^0
V 25c
(accttm.)— f.*; v,
preferred
'5% preferred (quar.)—.,
7'/o prior preferred (quar.);
;
•
2
10-
\
Courtauld's, Ltd.—
♦Announcement in this issue.
time: with interest to maturity.
/.'
1
9-
ft: ;; 10- 6.:
6%
1
9-
10- 2
Co.——^™'_„„
A.)
9-15
7% "preferred (quar.)
''$1.75
Hercules Powder Co;_JJ_—'
50c
5
9-
2
(M.
9-30
10- 2
■
75c
(irregular)
Brewing Co.
9-15i(
.10- 2,
10- 2
// 9-25
Hickok Oil Corp., -class;;A_—. 25c; 9-15\
Class'-yB '25c
9-15
9-14,
9-30
.
10-
.
35c
Harshaw Chemical Co.—V
'25c
Hawaiian Electric Co., Ltd.
(irregular)—50c
Helme (George W.) Co., common„-™u.r.; ... . $1
9-13
•
(quar.)
Printing Co, '(quar,)
(W. F.)
.
quarterly)
conv.
Canadian General
1
Utica Electric Light &
Warner
Griesedieck Western
'
,
/
$1.31
.
Compo Shoe Machinery, common
Southern
'
8-31
$5C i; 10-16
.
(quar.)_._j—
Canadian Car & Foundry Co.
570
Sep 25
serial bonds™:
8-21
$1.50, ■,? 10- 2
>
—
Participating
$1
Claiborne
1946
60c non-cum.
J ,.'1'
1st & ref. mtge.
U
,
(interim)
(quar.)—■_
1st preference
Colorado Milling &
New Orleans Public Service Inc.—
/ 1st & ref. mtge. 5% bands, ser. A,
,
435
$1766
Products Corp.—
Class A stock voting trust
/
9-15
1
10- 2
V.75c
(quar.)—
(increased
Christiana
Laclede-Christy Clay Products Co.,
National
5,
9-15
10-2
,
Nov 15
Oct 1 :
$4 preferred stock
Harvill Corp., 6% preferred stock
Heller (Walter E.) & Co., 7% preferred stockHudson River Day Line, 1st mtge. 6s, due 1946
Derby Oil & Refining-Corp.,
,
*
*
'
1st mtge. 4%
6ft. debenture bonds——
Oct
Co. 1st mtge. 3 % ft' bonds, due 1967_Nov.
Corp.
Consumers
825
2
Illinois Division
Conlon
,
*:
1
...
10-2
-10- 2
10-2
10- 2
;
1
Burlington & Quincy RR.—
:
mtge. 3%% & 4% bonds due 1949__Jan
Chicago,
j
preferred
prior
conv.
Common
Page
•>
debentures, due 1952
Pacific Ry. Through Short Line,
Central
Corp. Ltd.
Participating
______
9-20
9-15
10-10
9-20
9-15
9-11
* i5c
:
:
Canadian Canners, Ltd.—
—Dec
1
9-22
10-10
10-16
10- 2
9-
;>■■■ $1.50
•
pfd. (accum.)
preferred (quar.)_
6%
Canada Packers Ltd.
Date'
Allegheny Ludlum Steel Corp., 7% preferred stock
American Asphalt Roof Corp., 8% preferred stock
American Furniture Mart Bldg. Corp.—
■
"
9- 9
S 9-30
9-30
$1.25
pfd. (quar.)
-
called
issues
entire
2
lOd
,
2%
Calumet & Hecla Consolidated Copper (quar.)
5%
Company and Issue—
10-
:
(quar.>
Co.„_
2
9-
.8-31
10c
California Electric Power—
bonds, due
pfd. stock, series A_Oct
class A mtge. 4%
./
"
Hospital Association
—:
9-15
9-
5
5
8-31
25c
^
Ltd.
Co.
Grand Valley Brewing™:.—;
Great Lakes Power Co., Ltd., $7 pref.
,
9-15
10- 2
$25c
Ltd.
Co.-(quar.)
Mfg.
Oct
4%%
;
(quar.)_^_j___._
Oil Co.
Sharpe
9-15
B
Brewing
8*
99-
62V2c
„,
Great American Industries—
;
9-15
lo—i 2
9-30
class
Valley
9-
2%c
'.$$1.75
Great Western Sugar, common
(quarj-t^.—40c
7% preferred (quar.)_;
——_
; $1.75
Greening (B.) Wire Co. Ltd.. (quar.) A
—J:< •:'415c.
Greenwich Gas Co., common.——. '0 —24c
; $1 »/4 participating preferred (quar.)
;
31%c
; 5
Participating
—•„ 4 9/10c
5
10-2
$$1.50
t
25c
$1.371/2
Burgess Battery Co.._'J_.__'
Bush Terminal Bldgs.,' 7%
871
'•f; bonds, due 1955—
common
Brown-Forman Distillers Corp., $5
&
lirand
7-25
9-16
.9-13
d I(h 2
' i 9-15
75c : 10- 2
2%c • 10-10
_!
preferred <quar.)
$2 %
Fisheries
Gorton-Pew
Hanna
(Coupon No. 194);
(bearer) (s-a)__
preferred
Brown
1
.
Ordinary stock
832
9-15
9-
Oil,
Gordon
7
9-
2
9-15'/'
62%c
$1.25
30c
15c
75c
y
(accum.).
(quar.)_._:
prior preference stock—Oct
7ft
Leather Co.,
.
Goldblatt Bros. Inc.,
8-21
8-31"
25c
$1.25
: $1
30c
(quar.):
British-American Tobacco Co., Ltd.—
♦
1
1
1st mtge. loan ctfs.—_—Sep 19
preferred stock—*—:
.Nov 1
Stores, Inc. 5ft preferred stock—
Southern Natural Gas Co. 1st mtge..
Safeway
United States
.
—
Globe
10-
6
9-9
9-20
40c
,
(quar.)!
Tubes
8-26
10- 2.,'*
-40c
$1.37y2
Steel
Co.™_^
8-31'.
2
9-J5
'
common
preferred
$3
preferred
conv.
British-American
Corp.,
6% ft
Inc.
Bros.,
>
*
Ccal
Alden
Glen
;
Light & Power—*
preferred
5'/2%
*
Roos
.
I
1.
5
9-
$1.25
10r 1
25c :i ' ,9-15
25c ' :9-14
Mills, 5% preferred (quar.)
(quar.)—
Gisholt Machine Co,
(quar.)—
9-15 '
>:
5
9-
9- 1
10-2
•
General Instrument
5
9-
•
j
deposit receipts—™—34 Vsc
Corp.
: ;25c
American
9-15
■
8-31
10-2
9-20
Quarterly
A
62 Vic
Candy Corp. (quar.)^_„_________„_ '"/
25c
Ltd..r; y
,■;,
-
General Electric Co.
10-
•'
10-
25c
$1.50
$1
$1.25
25c
1
j.,—
Inc.,
E.),
•
General
■■
(quar.)__
preferred (quar.)
Bridgeport Brass Co.,
1
1
Litcniield & Madison Ry.,
Lorillar.1-(P.)
(F.
Brazilian Traction
& Telegraph Co.—
•
3^46, series A, due 1967™...,
Iowa Electric Co.,
A
9-15
:
General
10-. 2
(quar.JU
Loan,
Son, Inc., 5%
Booth
1
„
prior preferred series 1938
&
2
Conn.)—
(quar.)—
Packing
Blaw-Knox Co.
1
-Oct
due 1955^™™
Iron Range Ry.—
Telephone
1st mortgage
.
Birmingham Gas Co—
;1st mortgage 3%s, due 1962——
Home
Bird
Co.—v
series B,
6S,
Missabe
Duluth,
827
10-
(quar.)
8-19
9-15
Transportation Corp.—
9-15
2
Co.
9-1
10-i 2
9-10
9-15
7%c
1
Corp
.
,
9-15
9-30
10c
Industrial
Beneficial
Central Maine Power Co. 1st &. gen. mtge.
series H, due 1966™—A™
(Hartford,
convertible preferred
•v.; 5%
1
collateral)——
Nashville
U
Bastian-Blessing, common (quar.)
$5.50 preferred (quar.)
Bausch & Lomb Optical Co., common/./.^.
Nov 30
_
"
2
»
:
Basic Reiractories
j
Chemical Corp., 5% ft.debs., due 1949__Nov
American I. G.
&
/•>•••;:•
Central Terminals, Ltd.—
Algoma
of common held_i.
Quarterly
Pago
10-
10-
Steel
Brewing
General American
9-20
of Ree,
25c
25c
,2J/aC
'
GirdleriCorp.
6% preferred series A. (quar.) ^
Balfour Building Inc., v.t.c. (quar.),
Bangor & Aroostook RR., 5% pfd. (accum.)
Barber Asphalt Corp. (resumed)
^
Date
iy-
and Issue—
; Company
9-20.
11-
-
Baldwin Co.,
■'
FARTIAL. REDEMPTION
9-
2
for each
preferred ($20 par)
Insurance
\
2
2
10-
Payable
$2.75
<s-a)___^__^_:
Extra
10-
$1
(quar.)
Frankenmuth
9-15
2
Holder»
When
"
thare
Corp.
Pressed
Fostoria
10-
30c ;
$1.50
25c
$1.75
5c
$1.75
$1.50
,
Co., 4% preferred
(stock dividend)—.'
shares
10
Pago
1st mtge. 6%s, due 1945
___Sep 25
Interstate Debenture Corp., 20-yr. debentures, due 1955_Oct
1
^
(quar.)
share of
One
Fifth Avenue Corp.,
475
preferred
$6
■:
Atlantic Refining
Foster-Wheeler1
'
Per
■'
& Jacason Rk. ,co.—>,
preferred
5%%
5
—
^
Autocar Co.
Date *
Antofagasta bonds__Sep ,--7
9-16
6% preferred (quar.)
Manufacturing Co., common
7% prior preferred (quar.)_^_,^_
Applied Arts Corp. (irregular)
^
Arkansas Power & Light Co., $7 pfd. (quar.)
/* !:
/';> u --ty
9-
9-30
Apex Electrical
i
~
TENDER
9-15
American Tobacco Co.,
preferred and .common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
I
(Indianapolis)
Insurance
Quarterly
list of corporate bonds, notes,
ing tenders, and the page number gives the location
which the details were given in the "Chronicle."
$1.75
12 Vic
L-.
Fort Wayne
9-15
preferred (quar.)
.
American Stamping
Below will be found a
9-30
,r-
,
Name of Company
of Reo,
Payable
37 V2C
(quar.)
Co.
Roldert
When
Per
thare
Name of Comvanw
Redemption Galls and Sinking Fund
-
1012
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4313
160
9-23
—$1-25
$1.50
40c
'
43/ic
10- 2
10- 2
9-15
9-20
8-21
9-
8
9-
8
9-15
9-15
9-
5
9- 9
jMptittuw-WnjIK ndKf
j/\
Inc.,
Omar,
6%
11'5J
—
preferred (initial)
67a
Onomea
Co
Sugar
■
Tail
Otter
Co.,
Power
common.....
■
(quar.)-*.-,
preferred
$4%
9- o
9-15
»
Tj
25c
dbm. (quar.)
Corp.,
9-15
10- 2
*c
Pacific Coast Aggregates..
Pennsylvania Glass Sand
11-1
,!
10- 2
$70c
,«??'
$1-12/2
pfd, (accum.)
Orange Crush Ltd., 70c conv.
9~20
preferred (quar.); v $1-25
10- 4
,
Pennsylvania Power & Light Co.—
*,,/v...
.
//
$7 preferred (quar.)
;
6% preferred (quar.)
$150
10-4
$5
prelerred (quar.)
$1-25
10- 2
Pennsylvania Sugar Co., 5% pfd. (quar.)—
12 /2c
10- 2
Pennsylvania Telephone Corp.—
V .
/
$2% preferred (quar.)——-—
MAC .10- 2
\
JJ.'jj
(quar.)
Co.
Stove
Perfection
Phillips Packing
Common
(quar.)—.
Inc.—
Pittsburgh Plate Glass —-———
Pittsfield Coal Gas Co. (quar.)Co.
Potter
Co.,
Car
(quar.)
$5 pfd.
Elec. & Gas,
(quar.).
preferred (quar.)——.—
Reynolds Spring Co.—
7%
—
—
Paper (irregular)—
Mills Ltd.—
:
,9-30
8-30
9-30
9-30
8
8-30
9-15
9-22
9-25
9-15
9-1
8-15
9- 1
10- 2
10- 2
San
.
Pulp & Paper Co—
Helen's
St.
Works,
Water
Jose
9-15
9- 7
-x—
common
29}£c
(quar.).——
—
(quar.)
Electric Co., $6 pfd. (quar.)..—
4%%
preferred
50c
$1.50
25c
Manufacturing Co.
Scovill
Scranton
B
preferred
T/o
$1.20
(quar.)i.
& Iron,
preferred
L.)
Smith
9-11
8-25
9-30
9-23
9-11
20c
62V2c
40c
$2.50
9-25
9-15
10- 2
9-30
9-26
9-20
9-15
9-11
American-Hawaiian
9-11
American Ice Co.,
$2
'
.
original preferred (quar.)
5>/a% preferred series C (quar.)
5%
Power Co.—
Colorado
$1
Natural
Gas
Southwestern
Gas,
(accum.)
pfd. A
$6
(G.) Ltd.,
Preferred (quar.)
—_
Temple Coal Co.,
Tide
Welding Co
Associated
Water
$4.50
—
preferred
$6
Electric
Thomson
(quar.)
common
preferred
Oil
Towle
50c
Troy Sunshade
Tubize
$1.25
(quar.)
Rayon Corp.,
—
common—
——
—
;
Unexcelled Manufacturing
(quar.)
Theatre Circuit,
Artists
9-15
—
(quar.)
(quar.)
.
$iy2
class
United Steel
United
A
(quar.)
Wire
&
Wallpaper
(quar.)
—
(irregular)
,1
(Salt Lake City)—•
Factories
Utah Heme Fire Insurance
Irregular
Utah Oil
Monaghan
Vulcan
WJR
(quar.)
Iron
The
10c
25c
$1.50
Works,
new
Class B
(irregular)
& Snowdrift
Co.
(George)
Westvaco
$4%
Ltd.
Anaconda
Corp.—
(quar.)
50c
1*
Spring & Wire Co.
25c
'
1
(quar.)__
$1.25
25c
10- 2
Anheuser-Bush,
&
Armour
$6
9-9
0 10-
•
•
Atlas
preferred
dividend)
2
9-11
9- 8
9-15
9-
9-25
9-15
9-30
9-
9-30
8-31
1
1
preferred—
preceding table.
Birmingham
8-21
Inc.,
9-15
8-25
9-
2
9-11
——;
1%
cdlnmon.
and
Miscellaneous
67o
Companies
preferred
Name of Company
Abbott
Laboratories,
Extra
Acme
Steel
(quar.)..
Holdera
thare
Payable
of Reo
40c
9-30
(quar.)
(quar.)
Addressograph-Multigraph Corp.
Castings Corp
Advance Aluminum
9-
9-30
9-
7
$1
10-16
10-
Bloch
2
' 75c
25c
12y2c
Brothers
Tobacco,
6%
pfd.
Stores, common (quar.)
4%% conv. preferred (quar.)_.
Corp.
9-12
8-21
Boston
10-10
9-21
Boston Elevator
9-15
9- 2
Bower
I
&
(quar.)
Albany RR.
Roller
Ry.
(quar.).—
Bearing
9-
4
8-19
9-30
9-29
9-14
9-30
9-15
9-15
8-25
10-14
(quar.)
Clark
5%
Clayton
Coast
—;
:
—
.
9-
9-15
8-28
$1.25
—
9-15
8-28
9-
9-12
9-
1
$1.25
9-12
9-
1
9-30
9-15
9-30
9-15
9-25
9-15
'
(quar.)
30c
Molybdenum (quar.)
1—
Peabcdy
preferred
Counties
&
20c
,
Co.,
common
(interim)
50c
—
$1.75
(quar.)
1st
preferred
(quar.)
International
31 %C
(quar.)
Company
Pictures
1
9-15
8-31
9-15
9-5
9-25
9-15
9-
1
Carbon
Credit
preferred
2
12r
1
11-
2
$1.06 V*
9-30
9-
5
9-22
9-7
Corp
$1
(quar.)_
Co.
Co.,
(quar.)
Commonwealth Loan Co.,
9-16
.
:
8-lt
9
50c
9-30
9-
5
9-30
9-
5*
—
Trust Corp. (quar.)
Commonwealth Edison Co." (quar.)„___—
_i
7
Commonwealth Investment*
57>
Commonwealth & Southern
9-
9-16
Sl.OO'A
common,
(quar.)_^
60c
pfd.
Corp.,
(quar.)—
$6 pfd.—
*
10-
2
35c
11-
1
10-
'2
r
5c
$1.25
9- 9*
10-
7
9-30
9-14^'
9-15'*:
9-15
8-25
7
$1.25
to be made 28 days
after date of SEC order to holders at
the close of business on 14th day after
Payment is proposed
date
of
such order.
VI
*.
Community Public Service Service Co. (quar.)
(Toronto)—
40c
'
%
3,
'
'
Confederation Life Assurance
Quarterly
$$1.50
—
z1
Quarterly
2
9-15
2
9-12
Corigoleum-Nairn, Inc. (quar.)
Connecticut Light & ^Power_.
8-31
Consolidated Bakeries
9-30
2
10-
50c
10-
Biscuit
of
Canada
9-
9
Consolidated
9-
8
Consolidated Edison Co.
9-30
$$1.50
12-31
25c
9-15
9-25
j.
•)
12-25*; i
9-
1
55c
—-r_,
(quar.)
—
(quar.)
:
of New York Inc—
2
9-20
10-
8-25
10-
(s-a)—
10-
$2
9-22
9-15
75c
40c
50c
2
$25c
$1.12%
$1.25
10-
$5.60
Corp.
Commercial. Investment
(
.
Gas & Elec.—
Coca-Cola
47\7o
8-29
20c
50c
.
(interim)
preferred
Columbia
9
1
Graphite Bronze Co.—
Extra
7 7a
9-14
75c
Lambert Mfg.—:
&
Cleveland
Cluett
50c
Equipment Co., common——
preferred (quar.)—
9
9-30
1-
10-20
9-
$1.50
50c
11-15
1
9-
1
1
11-
9-30
1
8-21
9-14
12-
35c
—
Controller
9-15
1
9-14.
$1
Ry
Quarterly
Clark
9-23
9-
i!
9-20
9-25
10-16
9-
1
75c
8-31
Commercial
9-
9-
9-
Columbian
9-22
1-
9-25
2
8-31
9-22
8 7
9-
9-15
8*31
9-15
9-
9-14
10-2
>
8-28
2
9-25
10-
10-
10-2
v
17
9-
9- 7
10c
75c
9-
40c
Bond
Borg-Warner
9-14
$1%
9-15
40c
(quar.)
Extra
7
15c
common
—
preferred
When
8-24
1
10-
Pacific Ry.—
Cockshutt Plow Co.
$1.50
(quar.)
Black & Decker Mfg.
Per
1-
9-
25c
Colgate-Palmolive-Peet Co., $4.25 pfd. (quar.)
Birmingham Water Works—
Industrial
8-31
9-15
20c
8-31
8-31
9- 9
9-20
;
30c
9-15
9-11
8-31
8-31.
62V2C
8-15
B
9-11"
-
9-20
9-20
12-20,
—
9
9-20
-
15c
57c
9-
9-11/
10- 2
9-11.
(quar.)
Coca-Cola
2
8-19^
9-11.7
:
35c
:
8-31
2
8-19
>9-11*,
9-14
9-5
10-
1
$1
9-30
10-
9-
9-20,
9-15
75c
9-15
$1.75
30c
9-15
$1.75
25c
$1.75
:
9-14
8-15,;
—L______
75c
710c
(quar.)__
(quar.)
(irreg.)
9-14.
9-14.
;
preferred (quar.)—City National Bank & Trust Co. (Chicago)—
$$2
pfd.
prior pfd.
10- 2
10*2
25c
(irreg.)—
(quar.)
Oil
Street
$$1
,
•
15c
6V4C
1
9-22
9-20*
&
Cotton
Cincinnati
9-30
9-
9-20
10- 2
$1.50
City Auto Stamping (quar.)_:
9-11
10-
9-1
'
12-30
(quar.)..—-—
City Investing Co., 77c
1
8-15
9
9-30
9-30
preferred (quar.)
Climax
2
9-
•9-15
Corp.
$$1.75
(quar.)
(irregular)
Corp
Co.,
2
9-20
10c
(quar.)
RR.
Hill
15c
pfd.
(quar.)
Corp.,
1
10-
15c '
of Canada
7%
Gas
9-
8-31
2
——.
Chrysler
57b
9-15
10-
37J/2c
(s-a)
Cincinnati New Orleans & Texas
8-14
9-23
37V2c
15c
Corp
Steel
B/G Foods,
9-11
9-11
9-11
7V2c
-
(quar.)
Brewing
Bethelehem
75c
Lumber
Chicago Rivet & Machine (irregular)
>
10-14
27c
/:■
(s-a)_-
J12'/2c
•
(quar.)
Harbor Malleable Iron
Berghoff
9-15
50c
6%
Canada
Corp.
„
Chicago
9-11
8-21
$1.50
Investing,
Aviation
weeks and not yet paid. The list does not include divi¬
dends announced this week, these being given in the
9-30
25c
(quar.)„'_^
Radio
9-30
9-15
$1.75
:.
Benton
8-21
9-29
■
25c
Chestnut
57b
pfd. (quar.)
Bell Telephone Co.
give the dividends announced in previoui
8
5
9-25
10-
10-
(quar.)
Belmont
9-
;
(quar.)
Common
1
6
7 9-29
10-31
f
(resumed)—
Tj, Extra
.
Inc.—*
of
preferred
1'
9-
,
10-31 '
$3
$3.50
Chesapeake & Ohio Ry. (quar.)-.
Chesebrough Manufacturing (quar.)
Common
pfd. A for each 10 shares
Belding-Corticelli Ltd., 1%
9-8
5
1
10- 2
10- 2
Metal Weather Strip Co
Chicago Mill
9-
10-
10-
$1.50
$1.50
62V2c
—-—
Chapman's Ice Cream Co. of Cal.
—
(quar.)
Co.
preferred
9-22
9-25
10-14
8-21
37 %c
9-
9-11
2
-
9-30
8-21*
1.
10-
9-15
—
9-22
9-30
9-15
1
9-
10- 2
Flexible Shaft (irreg.)
Chicago Great Western Ry.—.
7 57a
preferred
(accumulated)
8
1
9-
2
$1.75
,
10-16
9-
9-
25c
Bayuk Cigars Inc. (quar.)
Beau Brummel Ties. Inc.—
9-1
5*
2
10-
(quar.)..
Public Service
9-13
25c
Fire Alarm
Common
9-11
9
9-
75c
held
common
Barber-Ellis
9-5
9-
2
25c
;
Co
(stock
Co.
67b
'
1
10-
25c
One share of 5%
6%
8-31
8-15-
10-
1.
2
1-
Century Ribbon Mills, common
Chain Store Products, $1.50 pfd.
Chamberlin
8-31.
10-
.
(quar.)—
Vermont
$1.50
50c
$1.25
(quar.)_;_i..
Co., com.
Powder
of
8-25
10-
$1
Corporation common
Imperial Diesel Engine
Autocar
9-30
$20c
$25c
(quar.)_
(quar.)
Co
Atlas
Bendix
we
Canada
Atlas
f
-
8-31
15c
pfd.
conv.
(quar.)
Refining
Wire Co.—
preferred
Champion Paper & Fibre Co.
12V2c
Investment
preferred
67o
Central
8-31
8-31:
9-15
$3
5
Chickasha
of
preferred
Central Steel &
■
9-
9-20
$1.50
Special
8-21 ;
9-
10-14
prior lien
9- .1
9-15
9-16
,
(quar.)
Ltd.
(quar.)
Corp.,
Breweries
5%
common
Works
Metal
Associates
9-8
9-15
10-16
.9-15
$7
.
$2.25
$4
10c
50c
45c
$1.25
Corp
Associated
1
2
8-25
1
9-15'
*
9*15
1
(accum.)—;
(accum.)
prior lien preferred
2
10-2
$3
25c
.
Armstrong Cork Co., 4 c/o
Asbestos
1
10- 2
9-15
9-20
10-
10- 2
77o preferred
$6
•:
10-16
$1.30
Central & Southwest Utilities Co.—
8-30
$1.75
prior preferred (accum.)
conv.
Arnold Constable
"
Below
Co.
Inc.
(111.)—
Barnsdall Oil Co.
10- 2
(quar.)..
Mining—
Copper
Bankers National
9- 1
;
9-11
9-15
Co
Hocking Glass Corp.
preferred (quar.)
$5
9-15
$20c
'
$1.06^4
1
9-15*
9-20
40c
preferred (quar.)
$6 preferred
(quar.)
57o dividend series (quar.)—
9-15*
9-1
9-15
10-25 7
(quar.)—^$1.12%
67a
'
2
2
8-23'
8
9-15
.
(accum.)
preferred
;
1,
9-15,
9-30
79-
/
$6 preferred (accum.)--———'
25c
$1
Mining
Copper
Anchor
Andes
9-15
$20c
v9-
10-
10-
9-15
9-30
>
Illinois
Central Maine Power,
1
9-15
Ampco Metal Inc
Bangor Hydro Electric, 7%
•.
9-11
9-
8-15
(quar.)—
(accum.)
pfd.
Automatic
Weyerhaeuser Timber Co
Wheeling Steel Corp., common
$5 convertible preferred (quar.)
Young (L. A.)
1%
Badger Paper Mills
(quar.)
Chlorine Products
preferred
Woolen
67o
9-1
9-15
& Telegraph
9-20
preferred (quar.}_
5
10-14
—
Sugar Refining, 77o pfd.
American Sumatra Tobacco Corp.
West Canadian Hydro-Electric Corp.—
80c
Co.
American
5
8-24
2
9-
9-
9-30
•>;:
(quar.)
Co.
5>
8-25
9-20
.$1.18%
$1.75
(quar.)__
(quar.)—
Cold Storage
9-
:
9-20
•
Light 4ft ft pfd.
Central Illinois Public Service—
1
20c
—
American Steel Foundries (quar.)
9-
10-
9-
50c
25c
Co. common
(quar.)
American Stores
8-31
50c
Central
$1.12 Vi
Rolling Mill
pfd.
9-20
:
2
9-30
10c y
10- 2
Extra
Weston
V2 %
American
10- 2
2
9-
8-25
of
share
One
pfd. ctfs. of benef. interest (irregular)
9-
7? 8-25*
'9-20
$$2
$2
$1.50
Central Coal b Coke Corp.'—
2
9-12
1*
each 70 shares held
for
preferred
preferred
1st
2nd
9-14
30c
$3.50
—
i
American
4
77o
4 7o
10-
Corp. of America—
(stock dividend).
common
$4.75
2
50c
(bi-monthly)
Service Co., 1c/o pfd. (accum.)
Common
9
25c
9-
20c
Co.
News
9-12
Inc., common,..
9-20
2
$1.75
(irregular)—
Co.
10- 2
10- 2
_
2
10-
50c
25c
——
75c
62'/2c
Baking Co., $7 preferred (accum.)
Walker & Co., $2.50 class A (quar.)
10-
10- 2
25c
5c % 10- 2
& Foundry Co
American Telephone
9-
9-20
American Radiator & Standard Sanitary—
8-22
9-
9-20
2
$1.50
Meter
American Public
9- 9
;
2
10-
J
-
^
—
(quar.)
9-12
(initial)
Station
10-
9-
4
Telegraph (quar.)—$2
Common
J.)—
common
10c
:
Ward
Wesson Oil
Co.,
50c
(quar.)_.
N.
Machinery
9-15
9-15
9- 1
9-11
—
$1 conv. preferred (quar.)
Co.
Goodwill
9-15
Celanese
75c
$1.50
(Newark,
Co.
—5c
Refining Co.
Victor Equipment,
Victor
$2
5
Central
Quarterly
Atlantic
-
9-
—-
Oil, Ltd., 87o
Carolina Telephone &
•
75c
(quar.)—
preferred (quar.)^
Canfield Oil; common (irregular)
67o preferred (quar.)——
6
25c
;
preferred
American
9- 1
i: //'•'?*
10-14
9- 8
9-11
11-15
9-15
9-21
9-
$1.50
$1.50
—
American
9- 2
9- 8
9-15
9-8
9- 7
8-20
9-20
9-20
8-31
9- 6
? ;
$37c
15c
15c
—
Co.
.
2
12'/2c
preferred
6%
preferred
——
8-17
American Nat'l Bank & Trust Co. (Chicago)—
Art
;
8-18
(quar.)
Canadian
.
$$1.25
$$1.25
$$1.75
Industries, class A (quar.)
B
77o
1
8-31
9-15
.
Class
8-18
9-15
25c
(quar.)—:
Insurance
American Laundry
Inc.—
5%
preferred (quar,)
United Corporations, Ltd.—
pfd.
conv.
9-
9-11
9-18
10- 3
10- 2
9-14
8-23
10- 2
10- 2
9- 7
9-15
»
Trust
1% preferred (quar.)
Tyler Fixture Corp
United
$1
" 2c
$25c
+$1
$1.50
50c
25c
$1.75
10c
12*/iC
.
Canadian
9-11
25c
9-11
9-20
9
9-
8
9-11
preferred
conv.
.
11-25
9-13
5
9-
r
9-
10-
Co
,,
9
$1.18%
Steamship
*
9-
9-11
1*
9-
-
9-20
$$1.62V2
——
9
9-"I
9-15
9-
9-15
•
9-
$1.75
50c
30c
$1.50
$1.75
40c
common—
v;
2
$3.40
Hide & Leather—
American Locomotive
•
10- 2
_
Manufacturing
•
'
Shipyards Corp
Tom Bell Royalty Co
Tooke Brothers, Ltd
Felt
&
Extra
9-15
9-20
9-20
9-20
9- 5
9-15
9-8 '>'■
9-8
9- 9
$1.12Vi
Todd
Toronto General
■
1
(quar.)
Insurance—
67z7o preferred-(quar.)—
Canadian Breweries, Ltd.—
9-15
9-15
9
9-15"
9-11
Life
10-2
•
4
9-
7-31
-.•9-15
Pacific
r„
(quar.)
$85c
Canadian Cottons, Ltd., com. (initial quar.)
$30c
Preferred
(initial quarterly)—
.N
$30c
Canadian Food Products, Ltd. (quar.)
V? $62%c.
Canadian Foreign Investment Corp., Ltd—
$50c
1
(quar.)__
Semi-annual
9-15
Co.—
(quar.)
Timken-Detroit Axle
10- 2
9-30
10- 2
10- 2
9-30
9-12
10- 2
10- 2
10- 2
9-25
9- 1
9-
9-30
2
'
%.
.7 9-15*
9- 5
25c
,9- 1
V 9-15
10-
(quar.)_
com.
5
9-15:;
'
9-
V
9-30
r9-15
12-
Extra
American
9-15
25c
$25c
$75c
75c
30c
30c
$20c
$62J/2c
25c
25c
Superior Steel Corp
Tamblyn
10- 2
'.9-15
15c
15c
12'/2c
1st pfd.
7%
99-
10-
(quar.)
$6 2nd pfd. (quar.)
American Hardware (quar,)
8-31
9-20
$1.13
(quar.)
Stores Inc., 6% pfd. (quar.)
Co.
Texas)
Hair
American
8-31
$1.25
convertible preferred
Strouss-Hirshberg
y
9-21*
2
9-15
2
9-20
50c
:
1
9-
9-20
50c
General Insurance Co.
(Houston,
6%
9-14
9-21*
10- 3
^
(quar.)
preferred
American
i,;;'.'/3.//
Co.—
& Electric
preferred (quar.)
Springfield Fire & Marine Insurance Co.—
Quarterly
Stecher-Traung Lithograph Corp
—
Stedman Bros. Ltd., common (quar.)___
Sterchi Brothers
9-15
10,- 2
2
(quar.)—
$6 pfd. (accum.)
Gas & Electric Co.,
American Machinery
5%
9%
i .9-15
10-
$7 preferred (accum.)
American
..
.
7*
•
American & Foreign Power,
9-20
9-20
10-15
10-15
7*
4
9-30
10-15
$1.25
$1
$1.25
$1.50
Ltd
Factors,
American
10c
$2.50
—
Southland
Southwest
,
9-26
37J/2c
34%c
——
preferred- (accum.)
Royalty
77c
;
American
^
9-15
10-
2-14
8-15
8-18
50c
Special
50c
Campbell Wyant & Cannon Foundry—c - 25c
Canada Cement Co. Ltd., 6J/2% pfd. (accum.)
$$1.25
Canada Crushed Stone, Ltd. (quar.)—
< f $ $10c
Canada Cycle & Motor, common (quar.)
$15c
57c first preference (quar.)
$$1.25
Canada Dry Ginger Ale___
25c
Canada Foundries & Forging, Class A (quar.)
$37,/2c
Canada Malting Co., Ltd. bearer (quar.)__$50c
Canada Northern Power Ltd., com. (quar.)—
$15c
■>: 77o
preferred (quar.)„
$$1.75
Canada Permanent Mortgage (quar.)l
/
$$2
Canada Steamship
Lines
;
$50c
Canada Wire & Cable class A (quar.)^
'}
$$1
.'(.Class B (Interim)
$25c
9-30
10-
'
(quar.)__
Utilities 5 7c pfd.
California
9-15
;
9-15
2
10-
$1.75
—-
Inc.
California-Western States
9-15
2
9-29
50c
Mills-.:
Cotton
California Ink Co.
9-15
2
9-
Lines Inc.
9- 1
10-20
preferred (quar.)
Southern California Edison—
Southern
American Export
9-21
;
California
..
10-
preferred (quar.)
8-22
9-15
10-
4
9-15*
9-
<
25c
(quar.)
...
Soss Manufacturing
(irregular)
_ ;
South Carolina Elec. & Gas, 5% pfd. (quar.)
South Penn Oil Co. (quar.)
—
South Porto Rico Sugar Co.
(irregular)
10-
1
2
2
(quar.)
preference (quar.)—
Envelope, 7% preferred
6%
Butler
10-
9-30
9-15
.
10-2
,
15il ;
Burroughs Adding Machine—
9-11
Water. 7c!o
,
8-30
9-15
10-
(increased)——" I2V2C
Ring
1
9-11
"9-15
$5c
(interim)v
Mines
8-19
II-
9-20
9-18
Ankerite Gold
Piston
2
10-
—
(quar.)-i--
2
2
common
American
9-11
Snap-On-Tools
9%
B
15c
$$1.50
6%
Burd
8-11
10-
Cyanamid, class A (quar.)-——.—.
American
4%%
5
Buffalo
1
10-
Colortype Co.
9-21
—
9-
'
common
preferred
8-31
25c
$1.25
20c
15c
—-_i—$1.75
preferred (quar.)—,
Pipe Line——.
77o
9-15
-
Co., common
9-11
20c
• 75c
$1.75
$2.50
$1.75
—
Cigar,
(interim)
Bucyrus-Erie Co.,
1
(quar.)
& Body
9-25
9-25
9-15
9-28
9-28
common
preferred (quar.)...
Paper Mills, Q% pfd. (quar.)
(Howard)
preferred
American Coach
American
9-16
9- 9
9- 9
9- 9
9- 2
9- 2
—
Co.,
(T.
Cigarette &
9"J»
...
—
Steel
Smith
American
10- 1
—
\
8*
9-
common—.
(quar.)
Co.
(quar.)
Chicle
5%
9-
9-25
25c
15c
Cable Co.,
Chain &
preferred
Class
9-
9-15
common
pfd. A (irregular)-
Wire, $2
Buckeye
8-18*
5
10-15
(quar.)
77o preferred (quar.)-—
Co., com. (irreg.)_
15c
-1.—
9-30
9-
$5
V 9-15
,9-29
Co.,
30c
(quar.)
Signal Royalties Co. (quar.)
Simon (H.) & Sons, common .(quar.)
Sloss-Sheffield
Can
J*"2®
preferred (quar.)
Signal Oil & Gas Co., class A (quar.).
$5 convertible
Class
Note,
$1.25
50c
50c
25c
$15c
$$1.75
common—:
Corp.,
Steel
Sharon
—
American
6%
2
80c
preferred
5c!o
9-11
9- 5
8-25
8-15
25c
20c
37y2c
10-
$1.06J/4
$2
20c
$4.25
&
Mills
"
9-29.
10-20
25c
Bank
preferred
Tfo
9-15
r
Brunswick-Balke-Collender
Automobile Insurance (St. Louis)—
American
9-15
/
Bruck
9-11
50c
,
10- 2
—
—
—
Brown Fence
9-11
1
25c j
$$2
preferred (quar.)
Asphalt Roof Corp., 6 % pfd.
American
l^c
ManufacturingCo
9-15
1
Silk
—
(quar.)„__
1
$1
——
(quar.)
preferred
10-
,
Lints,
57o
(irregular)
common (quar.)
Mines
10-
25c
pfd. (quar.)—
common
Corp
433Ac
25c
$1.25
American Car & Foundry
9";®*"r
Ruberoid Co.
Ruud
67«
.
10- 2
8
12-20
9-
9-15
$75c
9-11
15c
10-31
$4c
10- 2
15c
10- 2
$1.25
."/•
$1 2-28-45
:
9-15
V. $10c
Packers, Ltd. (interim)-*.-
Market
Porcupine
Brown Durrell Co.,
9-15
$$1.50
10-
Quarterly
20c
9-
9-30
I-2-45
Columbia
1
8-25
$$1.50
(quar.)_
(quar.)
Broulan
75c
75c
30c
American
$1.21/2
Broadway
2
9-
9-11
2
10-
Power—
15c
50c
>
—.
(quar.)_.—
Industries
Common
-
British
8
9-
—
American
10- 2
8-31
9-
10-
Mfg.,
Goods
American
50c
8
2
9-15
9
9-10
75c
(quar.)
Electric
preferred
9-
$$1.25
20c
15c
American Air
—.
Telephone Corp., common
preferred class A (quar.)
67a
9-
40c
Corp.___
Columbia
British
10-
35c
$3
Extra
,
Rochester
8-31.
Amalgamated Leather 6% conv. pfd. (accum.)
6% conv. preferred (accum.)
American Agricultural Chemical
(quar.)
9-20
(quar.)
participating class A preferred
4Va%
10- 2
.
V7
Riverside Silk
$2
■
8
Briggs & Stratton
of Reo.
50c
& Sons
Bright (T. G.) & Co., 67a preferred
(quar.)
preferred
Aluminum
8-31
$1-25
$1.50
9-
—
of America, common
Co.
Aluminum
of Oklahoma—
Public Service Co.
Rhinelander
9-15
$1-75
25c
40c
r.
6%
8-31
62y2c
(
preferred (quar.).
$6 preferred (quar,)
Public Service
9-15
$1.25
—
9-15
20c
When
Payable
37 %c
Corporation
$3
40c
—
Aluminum Co. of Canada, 5'to
H5r;
9" 8'
10- 2
10- 2
6%c
.
.
$5
preferred
■ ,.f
>23
9-15
10- 2
2
pieferred
Aluminum
9-12
9-12
9-12
—
1st
5c/'o
■;
10-
(quar.)—
—-—
Alpha Portland Cement
Alurairfium Ltd., common (quar.)-:
9-11
911
9- 8 y
9- 9
9- 1 ,
$1-25
common—
preferred (quar.)——
57c 2nd preferred (quar.)___
Public Service Co. of New Hampshire—
57c.
.
.
$1
10c
25c
——
-
—
Steel"
,
-/fe,
10- 2
10- 4
9-15
9-30
10- 2
common
preferred (quar.)
Mfg. common
4%
'
$1.75
$1.75
25c
15c
75c
Corp.,
Allis-Chalmers
8-31
——
Pittsburgh Metallurgical Co.,
Pittsburgh Thrift (quar.)
Pressed
9- 9
Chicago Ry.—
(quar.)
preferred
1%
25c
8-31
Ry.
(quar.)
Stores
57o
;
—
9 20
•
Pittsburgh Fort Wayne &
Allied
9-15
9-30
A
Class
9-15
37»/2c
—
Breeze
20c
9-10
0
2
-
(E. J.)
Brewing Corp. of America
$$1.75
(s-a)
Alexander & Baldwin
(irregular)
Allegheny Ludlum Steel, common
Allegheny & Western Ry., Co., gtd. (s-a)—
Allied Laboratories,
Inc
L
Allied Products Corp. common (quar.)
0I15
J 15;
t
1
75c
& Vicksburg
Alabama
»-i5
b%
9-
10-
Associates
Air
Brach
9-15
2
Holdert
m*T
thare
Name of Company
of Ree
9-15
35c
Co
(Watertown, N. Y.j—
Agricultural Insurance
Quarterly
*
10-
Ltd.—
Agnew Surpass Shoe Stores,
1% preferred
(quar.)___
2 J
?"•»«
9-30
ail
9-15
n"™
Payable
thare
..
37J/2c
Bearing Manufacturing
Aetna Ball
8-31
y
(quar.)
Supply Mfg., Class A
Aero
J"J®
9-15
*8%c
31 £c
20c
Ltd., common
Name of Company
9-18
9-30
—10c
common-....,
preferred (quar.)
Oneida
When Holderi
Payable of Reo.
Per
thare
Holder*
When
Per
'
Name of Company
Monday, September 4, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
1018
10-
2
9- 5\
$20c
10-
2
9-11...
1
10c
9-23
9-
40C
9-15
8-11
Volume
Number 4313
160
of Rec.
Payable
$2
preferred
Light
Finance
10-
2
9-15
$1.12%
10-
2
9-15
common
$1
1010-
2
62 %c
10-
1
Co., $4.50 preferred (quar.)
$1.12%
.10-
2
$1.25
10-
2
Coal
$2.50
(Reading,
Co.
Consumers
Gas
Consumers
Power
pfd.
conv.
Pa.)
_
'
$5 preferred
Continental
(quar.)____—._
Continental Diamond
Continental Motors
Continental Oil
Continental
Corp.
6 % %
preferred
$5.25
preferred A
Co.,
___
Crowell-Collier
10-
2
preferred
$2.25
Crown-Zellerbach
Crucible
W/o
Steel
12-15
9-10
9-
9-
preferred
conv.
9-10
10-15
9-20
9-
9-15
9-
10- 2
&
Frere
Malleable
Dayton
Decker
(Alfred)
Deisel-Wemmer-Gilbert
Dejay
&
Power
8-31
Common
9-25
9-15
9-30
10c
11-25
$1.12%
9-15
5Vi %
9-
5
General
Fireproofing
9-15
General
Motors
9-30
9-
9
V10-
10-10
37 %C
9-25
$2
'9-10
$1
____
9-30
2
Class
9-
-V
1
9-
V
3
6%
25c
9-15
9-
25c
9-15
8-31
25c
9-15
8-31
(quar.)__
25c
;
,
9-15
8-31
9-
8-25
8
Gleaner
Glens
2-9-45
(s-a>__
75c
3-1-45
quar.)
20c
9-11
8-31
9-11
,8-31
(increased
com.
>; 6% preferred (quar.)_______
Globe
»
Distillers Corp.-Seagrams,
5%
preferred
Dixie
Cup Co.,
Class A
;
Dominion
Stores
Dominion
Textile
7%
.
(interim)
Ltd.
Co.,
$4 preferred
tlOc
(quar.)
Ltd.,
&
Dun
du
Bradstieet,
preferred
$6
;
Co,_,
Pont
*9-
2
10-16
,
10-
9-25
9-
9-25
9-16
10-
2
/.
Duquesne Light Co., 5% 1st preferred (quar.)
$1.25
10-16
9-15
(initial)
20c
9-15
8-23
Eagle
Lead,
Picher
6%
15c
common—
$1.50
preferred (quar,)__
Eastern Gas & Fuel Assn. 4%r/c
'
preferred
6%
6 lic
preferred
1st
Eastern
Washing
Easy
Class B
Eastman
6%
■
•
9-11
Gulf
9-11
8-25
$1.50
9-15
9-
9- 5
8-10
Haloid
9-30
9-15
Hamilton
Co.,
9-15
Hammermill
preferred
9-30
$1.25
(quar.)-
common
10- 2
$1.50
(quar.)
(quar
Gulf States Utilities Co., $6 preferred (quar.)
$5.50 preferred (quar.)___
——
1
10-
2
99-
5
$62 %c
(s-a)
10- 2
20c
9-15
9-15
8-31
62 Vic
9-15
8-31
El Dorado Oil Works
25c
9-5
8-28
Elastic
25c
9-11
9-
5%
convertible
5cfo
conv.
(quar.)___,_
(quar.)...
(quar.)__
1931
Stop Nut Corp, common
preferred (quar.)
6 <yo
Electric
<
common
preferred
preferred series
Boat
75c
25c
Co
75c
Electric Controller & Manufacturing Co._—
*
National
Elgin
El
Paso
Gas
•
Empire Power, $2.25 partic. stock (accum.)
Emporium Capewell Co., com. (increased)—
7%
preferred
,4%%
$5.50
;
;
2
9-
9-30
9-11
9-
10-
56 %c
1010-
preferred (quar.)—
:
10-
9-14
10-
9-14
Class
Erie
&
A
(quar.)____—______
Pittsburgh RR., 7%
preferred A
Stock
5%
common.
dividend
,
_—
—
preferred (s-a)
Famous Players Canadian Corp., Ltd
Fanny Farmer Candy Shops (quar.),.
,—
Fansteel Metallurgical Corp., $5 pfd. (quar.)
$5 preferred
(quar.)
Corp.,
6%
Farmers & Traders Life Insurance
Quarterly
___;———
(quar.)
Federal Mining & Smelting Co._
_'
________
___.
Ferro
Field
Enamel
10-
4
5%
10-15
10-
4
Corp
_____
See Marshall Field. '
(quar.)
Parts
Motor
A
common
—-
(quar.)
Mines,
9-12
10- 2
11- 1
'9-15
"'47c
(interim)
(quar.)
common
preferred
preferred
8-28
9- 1
9- 1
12- 1
10- 2
9-10
10- 2
9-12
9-14
9-14
.
9-12
9- 8
9-15
9-15
12-15
$20c
,
Ltd. (quar.)
10-"2> " 8-31
9-20
9- 1
9-18
9- 1
8-24
8-24
.
(quar.)
i.
9-15
10-13
n
8-15
11-15
9-15
12-15
11- 4
9- 5
12- 5
25c
$1
10- 2
9-15
9-14
9-1
8-30
8-25
25c
^
$1.75
$1.75
v
Hires
(Charles E.)
Furnace
Co.
x-
class
A
9-30
9-15
Howe
9-30
9rll
Humble
$1.25
9-30
9-15
Humphryes Manufacturing Co.,
$1.25
12-30
12-15
6%
Lighting & Power (quar.)
Scale Co., 5% preferred (s-a)
50c
9-20
8-24
30c
9-
9
8-31
30c
9-15
8-31
7%
if'- 25c
9-20
10-10
9-
1
(irreg.)
preferred (quar.)__
5%%
preferred
(quar.)_
& Door, common
preferred (quar.)___
preferred (quar.)
Hydraulic Press Mfg., common (irregular)__
Illinois Bell Telephone (irregular)
Imperial Paper & Colour Corp.
10-15
com.
preference
(s-a)
90c
$2.50
,37%c
* 20c
$1.50
68%c
25c
$1.75
$1.75
10c
Leslie
(quar.)
:
Co.
;
25c
$1
35c
9- 5
10-2
9-14
9-25
9-15
;
Glass Co.__'_
50c
>•
(quar.)
50c
25c
6%
7%
9- 9
8-15
(quar.)__ ■':■■■ $1.75
37%C
10- 2
9-15
11- 1
10-26
9-12
9-12
9-12
8-31
8-31
8-31
9-15
10- 1
11- 1
9- 9
12- 9
9- 9
9- 2
9-15
10-14
8-25
11-25
8-25
12- 9
11-25
9-30
9-20
(quar.)
37%c
87%c
(quar.)
(quar.)_____
stock (quar.)
original stock
original stock
Special
Pipe
Co.
$1
37%c
Lorillard
(P.)
(quar.)
Co., common (interim)
preferred
(quar.)
Mfg,
—
—
Exploration (quar.)
Louisiana Land &
& Sales
Co., 6%%
pfd.
(quar.)
preferred (quar.)
Lyons-Magnus. Inc., Class A
Mines
Macassa
(R. H.)
—
(accum.)
(reduced)
Mackinnon Structural Steel,
—
5% pfd. (quar.)
& Co., common
preferred
A
(initial
quarterly)
Magazine Repeating Razor Co,, com.
$5 preferred
(quar.)
(quar.)
Magma Copper Co
—
(I.) & Co., common (quar.)_.
preferred (quar.)
1
Magnin
6%
----
Mahon
8-12
9-19
10- 2
10- 2
10- 2
9-16
9-15
9-15
10- 2
9- 1*
9- 2
9-20
$1.62%
1-2-45
9-15
12-20
8-31
t4c
f$1.25
9-15
9-15
8-15
8-31
10- 2
9-19
9-21
9- 5
9-20
12-20
9-^1
9-19
9-15
8-15
8-15
C.)
Co.__—_—_________
12-8
11- 1
10-11
25c
$1.25
9- 9
9- 9
8-26
8-26
25c
15c
$1.50
-9-15
9-15
11-15
8-29
8-17
11- 3
—
9-15
9- 5
9- 9
9-30
9-15
8-23
^oc
(P. R.) & Co., common....,
20c
preferred
$0.265625
Mangel Stores Corp., $5 preferred (accum.)_
$3.25
Manischewitz (B.) Co., 7% preferred (quar.)
$1.75
Maritime Telegraph & Telephone Co., Ltd.-—
Common
(quar.)
$17%c
7% preferred
(quar.)
—
tl7%c
Marshall Field & Co., Q% preferred (quar.)
$1.50
6%
2nd
preferred (quar.)
/Martin-Parry Corp.
Maryland Fund Inc
—-—_—
_—
(quar.)—
Massachusetts Investors Second Fund_'__
Masonite
Corp.,
common
9-8
1- 2-45
Mallory
4%%
<R.
9-8
9-8
$1.06y4
Common
4V*%
$2
25c
$1.75
50c
Lord & Taylor, common
Macy
11-20
11-20
50c
preferred (quar.)
Participating
6% %
9-11
12- 1
12- 1
10c
$1.50
$1.62%
6%
Ludlow
9-30
$1.25
25c
(monthly)_______
Portland Cement—
Longhorn
7'j/o
17%c
$1.62%
$1.12%'
50c
50c
$1.10
$1.10
40c
Joint
Lone Star Cement
*
«
(Washington, D. C.)—
Liquid Carbonic Corp., 4%% pfd. A (quar.)_
Little Miami RR., special stock
(quar.)
Lock
■
9-12
9- 1
25c
pfd.
Lindsay Light & Chemical, 7% pfd. (quar.)_
Link-Belt Co., 6%%
preferred (quar.)
$3.30
8-20
9-14
9- 1
8-20
8-19
8-25
30c
preferred
preferred
$3.30
9-15
15c
/:—
Service Corp.
Common
9-11
9-15
:.
of Tennessee—
Quarterly
8-20
9-30
9-30
9-30
Salt
Lincoln
9- 8 >
9-15
.
pfd
10- 2
10- 2
12-20
12-30
Lily-Tulip Cup Corp.
Lincoln National Life Insurance (ft. Wayne; —
9-15
9- 1
4%
Corp._____
Liggett & Myers Tobacco, 7%
8-31
9-1
9-20
9-25
Cement,
Products
Quarterly
8-28
9-19
10-17
10- 2
3%
Fink
Life & Casualty Insurance Co.
____
75c
$10c
Portland
&
Lunkenheimer
/
—
Co., Inc.___
Libby-Owens-Ford
8-31
9-15
9-15
$3
10c
62%c
(quar.)
Leland Electric Co.
9- 5
9-30
9-30
10- 5
9- 9
'10-16
9-11
9-^0
9-30
9-30
9-14
9-30
12-30
9-15
D.)
(H.
Lehn
9-15*
9- 1
8-15
9- 5
$1 50
(irregular)-
Imperial Tobacco Co. of Canada—
Ordinary shares (interim)
6fc
'i/'
•
Oil & Refining
Huttig Sash
7%
—
25c
^
$1.06V4
62%c
25c
B
Class
Hussman-Ligonier,
9-16
$1.05
(quar.)
preferred
Lehigh
9- 2
^9-30
10- 2
(quar.)______—
37 %C
9-21
50c
Holophane Company, $2.10 preferred (s-a)__
Honolulu
Oil Corp._
Hooker Electrochemical, $4.25 pfd. (quar.)—
$37%c
2
Lee
;
9-15
9-15
9-15
9-15
9- 9
10- 2
_____
(extra)
Co
Houdaille-Hershey
$1.25
50c
25c
25c
20c
50c
25c
Co.
J17%c,
(quar.).
Bleachery & Dye Works
$2.50
9-15
9-18
9-15
10- 2
(quar.)
& Sons Ltd.
(John A.)
Leath & Company, common.
9- 5
9-30
9-15
9- 9
9-29
10-27
9-29
Monthly
Houston
10- 1
.
43%c
25c
50c
15c
15c
30c
(W. E.), 7% preferred
—
Rubber Corp.
(quar.)__
Heywood-Wakefield Co., common___
Hibbard, Spencer Bartlett & Co. (monthly)-
9-16
10-
>'
(quar.)
9-11
$2.50
50c
,
9-19
10-
37%c
(quar.)
1
10-
10-16
9-15
10- 1
10- 2
10- 2
$2
3c
30c
Corporation
2
3c
$1.75
,
,;
______
9-30
65c
$1.75
(quar.)
(Marshall),
12-
10-15
35c
.Federal-Mogul Corp.
—__
'.Federal Water & Gas Corp. (irregular)
Fenton United Cleaning & Dying—
preferred
1
11-16
(Syracuse)
Federal Insurance Co,
7%
$1.25
25c
(quar.)
preferred
Ex-Cell-O Corporation
Falstaff Brewing
9
9-
——
(quar.)
Heller
.
30c
(quar.)____
,
2
10-
10- 2
$1.50
(quar.)_____
(irreg.)____
Lawyers Title Insurance (Richmond, Va.)—
6% participating preferred (s-a)
10- 6
9-15
9-15
9-15
9-29
v
'Hewitt
8-31
8-31
Light
Rubinstein,
Helena
Holland
(quar.)_
Inc.,
Eversharp,
80c
(quar.)„__
9-15
V
Erie Railroad Co.—
$5
gtd.
$25c
—______
9-25
9-25
9-25
(quar.)_
Mining
Hein-Werner
English Electric Co. of Canada Ltd.—
.
Gas
9-14
$1.37%
10-20
15c
$1-25
$1.25
(quar.)
Furniture
Class
(quar.)___
______
$1.50
common
Co. (quar.)__
Heileman (G.) Brewing Co. (La Crosse, Wise.)
9-21
$1.25
$6 preferred (quar.)——"
8-25
8-31
9-12
i; $1.75
(quar.)
common
preferred (quar.)
Lane-Wells
9-13
8-31
9-15
8-25
9- 5
9-.15
43%c
20c
20c
10c
25c
—
(quar.)
p'eferred 2nd issue
Hecla
9-21
:
$1.12%
common
Hazel-Atlas Glass Co.
1
$3.50
2
Paper,
preferred
Hazeltine
9-21
10-
preferred series A (quar.)_____
9-11
9-15
10- 2
Baking—
&
Machine,
Lanett
8-21
9-25
12-23
9-15 .,,9- 1
9-28 !. 9- 5
10- 2 r: ?9- 8
10- 2 r 9- 8
10- 2
9-20
9-15
8-31
9-15
8-31
9-30
9-15
10- 2
9-15
9-20
10- 2
Cos., $1.50 pfd. (quar.)_
Hawaiian Comme;cial & Sugar (quar.)_____
9-11
75c
Co.,
preferred
Haverty
2
9-18
Watch
Haverhill
9-20
40c
—____—
1st
;
2nd preferred (quar.)
7%
8-30
8-30
9- 1
$1.50
y
preferred (quar.)
Hartman Tcbacco. $4 prior pref. (accum.)__
Harvill Corp., 6%
preferred
$-29
$1.50
(s-a)
Engineers Public Service, $5 pfd.
4
9-11
60c
(quar.)
5%
9-15
10-
9- 8
9-30
9-30
9-11 .
9- 1
10- 2
1-2-45 <
$1.37%
—
Harrisburg Gas, 7%
1
1
10-
25c
Watch
Natural
& Co.,
Grocery
Landis
9-5
9-5
9-Rc
$1.50
pfd. A (quar.)___—
(quar.)
Harnischfeger Corp., common
5% preferred (quar.)__
8-31
62 %c
Brothers Stores,
Edison
V-
7%
Lamp
M.)
Company
6%
8-31
Eddy Paper Corp.—
H.)
special preferred
Lake Shore
Harbison-Walker Refractories—
8-31
9-14
(C.
4%%
5
50c
'Economic Investment Trust Ltd.
:
$6 preferred
Hackensack Water,
12 %c
_—
Kodak
(S.
6%
7%
9-15
9- 1
9- 1
25c
25c
$1.50
25o
40c
15c
:
Stores, common
Koppers Co. 6% preferred (quar.)
Kresge (S. S.) Co. (quar.)6%
9-18
20c
$2.50
$1.50
$1.50
(irregular)
(quar.)__
Lamaque Gold Mines Ltd.
10- 2
10- 2
/•
25c
$50
25c
__________
(quar.)
^
Power,
Hall
$1.75
$1.75
-
1 Oil Corp——
Oil Corp.
$1.25
class A
—-
50c
50c
Special
Co.—
—
t75c
J75c
Corporation
Group No.
50c
__
______—
(quar.)—
6% 1st pfd.
(quar.)__
Cooper
Grinnell
9-15
10-
J25c
t25c
•-
Copper
& Co., common
7% preferred (quar.)___—
1% preferred (quar.)
8-25
2
10-
preferred
Cananea
12 %c
Ry.
(accum.)
Machine,
West Saddlery,
2nd
9-15
;
Street
25c
30c
37%c
(quar.)__
preferred
Emil)
(D.
Kroger
2
9-25
9-30
9-30
10-
*
$1.50
Kobacker
Kress
9-15
9- 1
9-18
12%c
$6 non-cum.
Klein
9-14
$1
25c
25c
(quar.)
common
King Seeley Corp.—
Kinney Manufacturing Co., com.
$6 non-cum. preferred (quar.)
7%
(accum.—
Gulf
(accum.)
vtc.
(accum.)
preference
Griggs
Sugar Associates—
$5*preferred
preference
partic.
2
75c
Iron
Massachusetts
Eastern
partic.
9-15
(accum.)
Eastern Malleable
A
B
10- 2
.$1.12%
(quar.)
pfd.
Corp.
10- 2
37%c
•
preferred (quar.)___
Lang
class
Greene
10-10
)
'
Extra
6%
9-15
9- 5
12- 5
10- 1
30c.
9-15
37%c10- 2
County Land
Keystone Steel & Wire
Kimberly-Clark
^,'8-31
'
$1.12%
(i'nterim)__
Ltd.
Canada,
1
":/9- 1
..
^___
of
Co.
Copper
8-21
>
$1.50
Co.—
(quar.)
Kern
.
(quar.)__
class
6%
10-25
Durez Plasties & Chemicals, new com.
B
Special
Paper Co., Ltd.—-
$2
Great
9-20
$1.12 %
(quar.)
9-15
Light
&
$4.50
8-18
:
8-18
9-11
37 %c
8-28
preferred
9-15
v
■
Engineering Works—
Lakes
$2
s.
>9-14
$4.50
9-11
10c
25c>,,
Lakes
Increased
1
5c
.
25c
_>
—srf
(N. Y.)
Power
Class B
Kelvinator
Kennecott
9-15
9- 1
8-15
8-15
9- 1
9-15
City
'
* ; 9-
2
$1.00
(interim)
50c
9-11
10-1
9-15
12-15
'
preferred (quar.)
& Co. (increased)—
Kelsey-Hayes Wheel Co., class A
9-12
9-12
9-15
9-15
9-15
20c
$2.95
15c
15c
-'9-1
9-11
(quar.)____,
Co.
preferred class
Drug Co.,
Kayser (Julius)
9- 1
,8-10
8-31
50c
/ $1.25
%
$6
9-5
9-5
9-5
9-15
9-15
Vegetable Parchment Co. (quar.)
Katz
10- 6
110- 1
10- 1
$1
"$1.50
Quarterly
Kansas
8-26
9- 1
10-13
25c
preferred (quar.)
Manufacturing
9- 8
9-15
11- 1
00c
$1.25
$1.25
common
(quar.)
(quar.)
(irregular)
Kalamazoo
10- 2
9-11
9-11
.
Steel,
Kalamazoo Allegan & Grand Rapids RR. (s-a)
9-15
25c
$1.25
50c
Co
Manufacturing
American Indemnity
2
10-
$1.25
Common
i;
—_——
Great
9-15
10-16
10-16
15c
5c
(quar.)_
Grand Union Co.
5
60c
(quar.)_
^___
$5 preferred (quar.)--
Great
common
(quar.)
Joy
9-15
9-15
9-9
9-10
9-30
30c
56V4C
Cycle Corp. (quar.)
(B. F.) Co., $5 preferred
6%
9-,5
9- 8»
11- 1
9-20
10- 2
10- 1
10- 1
25c
40c
(quar.)—
(quar.)
Great
•
C-15
10- 2
Knitting Works
Gorham
8-24
9-20
r
9-27
' $1.25
Goodyear Tire & Rubber, common
de Nemours & Co.—•'
I.)
(E.
1
$1
(quar.)
Y.)
Common
9-11
10- 2
Laughlin
& Feiss (irregular)
U
Joslyn Manufacturing & Supply Co.—
9- 2
9-11
50c
;
preferred
Goebel Brewing co.
9-11
75c
__________■
;____
Inc.,
9
9-
$$1.75
common—
Drewry's, Ltd., U. S. A., Inc._____
Driver-Harris
9-
10-
(quar.)
A
2
9-27
,
$$1.25
(quar.)
common
(quar.")__
preferred
Chemical
Dow
37 %c
(N.
% Common
9-11
10-
25c
.
10-10
10-31
62 %c
__w_k
Co.
common
conv.
Golden
10-14
1
9-15
10- 2
10- 2
30c
(quar.)
Goodrich
25c
____•
Casting
11-
1
9-
9-15
«
t $ 1.25
—_
(quar.)___
Die
t55%c
(quar.)
common-,:
Dobeckmun Company
Doehler
Ltd., com.
(quar.)
25c
25c
$1.50
.
Insurance
Co.,
4Vi %
'
$5 preferred
8-31
8-31
9- 6
10-18
9-13
50c
(initial s-a)__
Joseph
9- 5
9- 5
(quar.)_.
Harvester
Falls
Glidden
15c
partic. pfd.
preferred
&
Johnson, common
B
11- 1
$1.25
$1.50
9-20
11-1
10c
$1
'
;
preferred series (initial quar.)___
A
10- 9
•
&
2nd
preferred
9-15
9-15
(quar.)
9-10
$1.06%
(quar.)___
preferred
11-15
(quar.)_
Y.)
(N.
35c
12%c
25c
Corp.
5%
11- 1'v.*
:
Corp.
Gillette Safety Razor,
50c
Class B (quar.)_
Refractories
8-31
8-31
8-31
8-31
8-31
8-31
xlO- 2
xlO- 2
xlO- 2
(quar.)
common
5%
11-15
(quar.)
1%%
1V4%
llUc/o
;
Sulphur, 7% pfd. (s-a)
class A (initial)
'
10- 2 V
(irregular)
17c
$1.75
(quar.)
11-10
8-31
-
9-15
9-11
10- 2
xlO- 2
Co.,
Co.,
1
10-16
(irregular).
common
Georgia Power, $5 preferred
6%
4%
50c
50c
(quar.)__:
General Reinsurance
1
9- 9
11- 1
25c
common
D
preferred
Johnson
$1.50
Advertising,
preferred
4%>
9-16
9- 1
9- 5
8-14
8-26
8-17
$1 ;
A
General
11-15
10- 2
9-15
9-15
9-15
9- 9
,
Lake
Tea
Johns-Manville
9- 1
9-1
.
12- 1
(quar.)__
com.
(quar.)
Jones
8-31
8-31
8-31
9-12
10- 2
75c
$1.25
common
(quar.)
preferred
6%
12-15
(quar.)
Co
Corp.,
>
25c
25c
<_■.
Equipment Corp._s».__
General Railway Signal, common
$1.25
—
•
General Precision
$19.50
(quar.)
(quar.)__j.__
A
Class
11-15
1
$2
13%c
IVic
(quar.)__
(quar.)
common
General Phoenix Corp.,
9-11
,
12-
Co.,
preferred
preferred
preferred
1
9-15
9-15 ?:
9-15
-i
Ltd.,
(quar.)______
preference
Jefferson
"
(quar.)__
General Outdoor
9-11
9-15
(quar.)__
$5
8-25
i
55c
1
10-
25c
75c
,
30c
37%c ]
(accum.)
1
10-
"
t
(quar.)
A
8%
9-15
12-15
Corp.,
preference
partic.
General Cigar
25c
(quar.)
Tramway Corp., 1st preferred
Oil & Refining, $4 preferred
Co., 6%
(quar.)_
Manufacturing Co.—
(quar.)____!
B common
Bottlers
9-30
Match
preferred
;
General Box Co.
12-23
Stores
I
Extra
9-
9-15
(quar.)____
A
preference B
1
9- 1
10-16
37%c
preference C
5%
1
9-
Service
Public
2
9-15
J75c
(quar.)___
pfd.
8-31
9-15*
9-30
10-
25c
(quar.)
Inc.
5%
9-16
9-
Mills
>'7Vo
:
9- 8
9-30
12Vic
12Vic
68%C
___/
common
General
__________
Co. (quar.)_
(quar.)__
Container,
2
y
9-30
Diana
preferred
9-30
9-20
t20c
r,t$ 1.25
t$1.37
(quar.)
common
(quar.)______
9-
1
12-23
.Diamond
Power,
preferred
Baking Co.,
$1.75
*
Co
9- 8
15c
/
(quar. )__,.—
Dewey & Almy Chemical, common
30c
50c
10c
.
Corp.
General
$1.75
.Diamond Alkali
Packing
;
f40c
50c
Shoe Corp., 6%
Co
preferred
Jewel
9-15
_
7&
Jessop Steel
9-11
-
Jamaica
9-14*
of Michigan (quar.)
10-16
9- 8
8-22
8-30
9-20
(quar.)
common
Machine
2
9-
9-15
65c
(quar.)_
Co.
Co
Mfg.
(John)
9-30
9-30
10.
$25c
York—
9-30
2
35c
75c
.
10-20
Jaeger
9-15
8-31
1
9-
Fireman
Irving
2
9-
$3
(quar.)
4
(initial quar.)
Brewing Co. of Indiana (quar.)
1
9-15
11-15
(quar.)
Oil
(quar.)-..
10-
9-15
Class
preferred
Devonian
Canada
0
37Vic
J35c
25c
12Vic
(quar.)
Iron
9-15
37Vic
prior pfd.
9-15
9-25
9- 9
9-11
Canada
of
Co.
Salt
10- 1
Foundation, Ltd.—
preferred (quar.)__
12%c
'V '• 5Vi c/o
$1.25
10-
75c
Co.
<
(quar.)
6%
Machinery
Nickle
30c
25c
$1.50
30c
(quar.)____
convertible
I2V2C
9-14
(quar.)
Detroit Harvester
8-26
2
8-31*
preferred
Denver
9-16
6%
8-19
9-12
Copper
Machines
Business
Hosiery
9-
;
9-14
i
7%
Derby
8-26
9-15
5%
./•'/ 7%
..
9-16
12 Vic
9-14
50c
(resumed)
Dentist's Supply Co. of New
of
75c
pfd.
International
2
Gatineau
9-13
(quar.)_;
Light 4%
International
9-15"
2
Garrett
2
._—
Bound Brook RR.
&
Delaware
International Harvester Co.
9-15
9-30
9-
Gemmer
Corp.
8-25
9-30
9-
9-22
9-25
25c
(quar.)—
Inc._____
Stores,
Delaware
Co.—
preferred
A
Company (irregular)
Gair (Robert) Co., 6 % preferred (quar.)
9-15
56 %c
t
.__—_______
Cohn
&
9-15
Extra
25c
_______
Iron_;
International Cigar
9-15
Gaylord
_—
Ltd., class A
8-25
Gabriel
50c
Daniels & Fisher Stores Co.-_~__
David
9-15
Consolidated
9-15
9-29
25c
(irreg.)___
A
International
Investment
8-1
9-11
10- 2
*
Inspiration
8-25
Interstate
9-8
20c
$1.25
preferred
9-20
9-15
12Vic
Garlock
—
1st
conv.
7%%
(quar.)
Corp.—
8-19
'
Press, 4% % preferred (quar.)
Curtis Publishing Co, prior pfd. (quar.)
class
Cutler-Hammer, Inc.
Kleiser
de Luxe
1
$1.50
Cuneo
Curtiss-Wright,
&
class
Co.
1
RR.. (extra)__
Culver & Port Clinton
B
Fox De Luxe Brewing Co.
8-29
20c
$1.25
—-
(quar.)
Class A
Extra
25c
60c
Brownhoist
9
1
(quar.—
common
of Canada,
Brewing Co., new
America—
of
Co.
(Peter)
1
9-10
:
Corp.,
Co.
*_
.'
Motor
thare
<
(quar.)
9-30
9-
$1.12Va
25c
62Vic
35c
35c
(quar.)_
common
Foundation
1-2-45
.
(quar. )_„___
(quar.)_
Fox
9-15
2
$1.31%
——
______
(quar.)
(quar.)
common
Foster-Wheeler Corp.,
20c
—.—
—
Publishing
Inc.,
v
—
class A
preferred A
Industrial
8-25
9-11
35c
$1.75
5
9-
9-15
(interim)
Ordinary
Indianapolis Water,
5%
15c
Fox
10-
$1.62%
common....
*
5
5
$25c
(Chicago)
(quar.)
Stores
preferred
Foster
12-15
1-2-45
$1.75
—
9-
9-
9-15
62%'C
Corp.,
9-15
9-15
t25c
preferred
Class
Cork & Seal Co., Inc.—
Crown
,
5
9-15
$1.62%
(quar.)
(quar.)—
common
Crosley Corp.
Extra
9-
2
.
6% preferred (quar.)—
-
9-25
Ford
Name of Company
%
Corp
Machinery Corp.,
6%
(quar.)
*
common
Special
1
$1.75
( 5% preferred (quar.)_;
Crompton & Knowles Loom Works—
;
Food
1
9-
Co.,
Fair
$2.50
10-
____________
Electric
Cornell-Dubilier
<
8
8-25*
Telephone Co.—
Copperweld Steel Co., common
5% conv. preferred (quar.)
Crane
X 9-
Food
8
25c
participating preferred (quar.)
T/o
participating preferred (quar.)
6%% preferred (quar.)
~
9-
9-
30c
Stock
$4.50
9-22
>
Bank
First State Pawners Society
9-11
15c
(initial)——
(quar.) _________
(Del.)
First
Flintkote
8-31
'
(San Fran.;—
60c
9-16
9-15
10c
_
7%
t
25c
—
Co
Fibre
Corp.
Co.
Continental Steel
'
(interim;
Co.
Can
15c
15c
Indemnity
9-15
.
9-15
30c
Fund
When
Bolder $
Payable of Rec.
Per
.
of Re0.
Baltimore—
at
(quar.)__
Quarterly
9-15
2
tl5c
(quar.)
(irreg.)
class A common
Consolidated Press,
/Consolidation
America
Holdert
Payable
Imperial Tobacco of Great Britain & Ireland—
quar._:
B
Fireman's
90c
(quar.)
4% %
preferred B (quar.)
4% preferred C (quar.)
(Bait.),
of
A
Class
Power
&
Co.
Class
9-11
1
10-
25c
(accum.)
Electric
Gas
thare
Name of Company
.
Consolidated Film Industries Inc.—
Consolidated
When
Per
Holderk
When
Per
Share
Name of Company
1019
THE COMMERCIAL & FINANCIAL CHRONICLE
•
:
10- 1
9-18
9- 5*
9-18
10-16
10-16
9-30
9-20
9-20
9-15
$1.50
9-30
9-15
15c
10-1
25c
10c
9-20
£-31
o6c
9-10
8-15
9-20
8-31
wncn
Payable
Massey-Harris Co, Ltd.—
$1.25
Co
preferred
10c
preferred
preferred
7%
'
7%
$4
11-30
9-29
9-18
9-12
9-
6%
SV*9c
9- 5
9- I
9-
5
9- 1
9-30
9-15®
$1.12'/2
10-
2
$1.31 V*
10-
10- 1
$1.50
10-
1
9-1
$1.75
10-
1.
9-
$1.50
Michigan Steel Tube Products
Mickelberry's Food Products—
10-
1
9-
1
$1.75
(quar.)
(quar.)
10-
1
9-
1
Co.—
10-1
$1.50
—
2
9-15
2
9-15
$1.50
10-
2
9-15
$1.75
10- 2
9-15
40C
9-15
9- 5
7
9-20
(irregular) —
10-
60c
Pipe Line
(irregular)
Kansas
B
Class
9-
2
30c
9-15
9-
1
$1.25
10-
2
25c
9-
9
10-
2
9-20
30c
5
8-25
t30c
10-
2
9-20
10-
2
9-20
50c
—
9-
9
8-24
Perron
10-14
9-25
Pet
Molybdenum Corp. of Amer
Chemical, $4.50 pfd. A
...
Ltd.,
Cottons.
&
(J. P.) & Co
Morrison Cafeterias, 77o
$2
12-
1
11-10
f$l
.
9-15
9-11
;
$2
preferred (quar.)
8%
preferred (quar.)
V 6% preferred (quar. i
preferred
7%
preferred
Cash
National
Casualty
A
9-30
9-14
„
1
11-10
10-14
9- 8
f50c
10-
2
9-
8
10- 2
9-
8
10-15
9-30
25c
—
35c
25c
50c
25c
8-31
9-15
11-
$1.50
9-11
8-31
77c
9-14
9-
7V27c
9-
1
2
4
9-12
9-12
Stock
8-15
50c
8-15
9-10
8-31
1st
$1.50
5V27c
New
$1.75
1
10-20
10-
1
9-15
57c
9-15
9-
9-30
9-12
77c
50c
9-25
9-
9
67c
9-12
9-
1
5 7c
__
1
9-18
SI.50
9-30
9-18
Inc.
25c
9-15
8-31
...
!
Co
Auction
•
75c
9-
5
8-25
60c
& Tel. Co.
Tel.
10-
2
9-16
$1.50
$1
9-30
10-
2
9-
8
9-
8
50c
9- 9
8-18
37*/2C
9-15
8-28
$1.25
Co
11-
1
10-16
10c
9-15
9-
75c
9-26
9-14
5
Queens Electric Light & Power
common
$1.75
150c
____
Niagara Lower Arch Bridge
(quar.)____.
Corp. (Md.)—
6%
preferred A (quar.)—
Niagara Wire Weaving, Ltd. (quar.)
Niles-Bement-Pond Co.
(reduced)
9-14
8-25
9-10
8-31
Niagara Share
Noranda Mines, Ltd.
$1.50
J25c
'Norfolk & Western Railway Co.
(quar.)
9-15
10-
9-
1
_
2
9-
7
25c
9-15
9-
5
$$1
—
'(interim quar.)
6%
8
Dome
10-14
9-
2
8
Public
9-
9
1
10-1
9-9
8-25
9-
9
8-30
Semler
(R.
15c
9-
9
8-30
Serrick
Corp.,
9- 9
.
'
9-
$2.50
9
57o
9-12
9-8
8-24
preferred
9-
8
Shattuck
8
8-17
$1.25
(quar.) —
2
9-
1
10-
2
9-
1
$1.50
1
(quar.)_
10-
Sicks
9-
9-15
8-15
9-
8-22
$2.50
9
109-
8-21
5
9-30
20c
-
9-30
10-21
9-12
8-26
$1
9-14
8-29
25c
——;
;____
___
9-25
9-11
1
10-20®
8-21
9-14
9-
1
25c
9-15
10-14
9-30
75c
(quar.)__.
Corp., com.
Inc.
G.)
9-11
8-10
9-10
10c
10-
1
37V2C
10-
1
9-10
9-15
8-31
(quar.)__
75c
10c
9-15
-8-31
43 %C
9-15
8-31
10-
63c
9-15
1
$1.25
10- I
9-15
9-6
8-24
9-15
8-31
15c
(quar.)
10c
—
^
8-25
9-21
9-
5c
(quar.)
9-15
10c
;
9-14
2
9-30
J25C
(quar.)
1
8-16
9-20
8-31
10-
35c
'
Ltd.
8-25
9-15
23C
(quar.)
Co.
Ltd., common
J20c
1010-
Saw
8-31
2
120c
(s-a)
2
1
8-31
25c
a
&
9-14
9-
5
40c
9-15
8-19
$1.50
9-14
8-25
9-14
25c
Steel
9-15
-
Inc.
8-31
9-
9-25
5c
;
1
8-18®
9-15
•'
15c
Corp.
8-25
V 9-
9-15
25c
(irreg.)
Co.
1
$1
1
9-15
10-
1
9-15
$1.50
Greyhound Lines, -Inc.—
(increased quar.)
10-
$1.50
Carolina Power Co., S6 1st pfd. (quar.)
10- 2
9-15
9-28
8-18*
9-28
9-20
9-15
9-
9-
2
9-15
8-15
10-14
Mines
9-15
•10-
<9-
1
1
8-25
9-15
Southern
Natural Gas
Pacific Co.
Southern
Phosphate
Southern
Railway
Southern
5%
Southern
5
Southwestern
5
10-15
10-
5
,
$1
& Bros.,
(A. G.)
Spalding
1st preferred
.
581/3 c
50c
10-
2
9-15
41%c
10-
2
9-15
Staley
9-30
8-31
25c
y
50c
9-15
50c
9-30
8-30
2
9-19
9-15
9-
50c
9-26
9-15
50c
9-26
9-15
50c
9-15
8-25
$1.75
$1.25
10-
2
9-
$1.50
10-
2
9-
5
Standard
(quar.)
(quar.)
Refining
8
8
of Amer., $3.50 1st pfd. (quar.)
$5
1
Sun
$1.50
11-29
11-
1
Sunset
25c
9-15
9-
8
Co. of Indiana
Oil Co.
Oil Co.
preferred
9-
9-20
62M.C
9-10
5
8-25
9-15
8-15
9-15
9-1
9-
25c
*$3
10-
2
9-15
50c
(quar.)
(quar.)
(Ky.)
(Ohio), common
Oil
Co.
Oils
Sunshine
Sutherland
Co.
8-15
9-15
8-15
9-15
8-31
*
50c
(quar.)__
9-15
$1.25
10-16
$1.06%
10-16
8-31
•
9-30
9-30
Corp.—
$1.25
9-30
9-15
$1.25
12-30
12-15
10%
9-20
8-30
$1.25
.
.
9-12
9-15
8-25
9-15
9-
1
10c
—
9-12
2
tic:
T
—
(quar.)——_—
2
10-
25c
—
10-
$1.25
(quar.)
Ltd
Paper
8-15
9-15
25c
—_
(quar.)
Mining Co
9-15
25c
Stokely Brothers (stock dividend)
Strawhridge & Clothier 57o pfd. (accum. t
8-31
67'Ac
10-16
preferred (quar.)
preferred (quar.)
9-25
8-31
Oil
Stecher-Traung Lithograph
9-15
2-
1
(quar.)
(quar.)
preferred (quar.)
4y4 7c preferred (quar.)
75c
10-
11-
$1.25
5%
20c
Co
$1.06J/4
Extra
5%
1
8-31
25c
Standard
57c
9-12
10-16
Oil Co. of California
8-30
■<
6
8-19
9-
1
(accum.)
Standard
Standard
10-
pfd.
9
11-
$1.12%
Fuel Co.,
Publication
$1.75
6%%
10-
9-
9-15
50c
(quar.)-
preferred
10-16
$1.25
(Detroit)
common
Standard
8-15
9-30
$1.75
Inc.,
9-15
-
9-15
$1.25
Insur.
Accident
Brands,
$1
$1.12%
(quar.)__
8-15
10-14
$1.25
Standard
Standard
$4.50
$5 pfd.
Mfg.
9-5
10-11
45c
Spencer Kellogg & Sons
Spiegel, Inc., $4.50 conv. pfd.
(A. E.)
9-15
10-13
(Dallas)—
9-15
(quar.)—
8-15
Phosphate & Acid Wks.
Insurance Co.
Life
—
conv. preferred
(quar.)-
9-15
'9-15
Quarterly
8
——
5%
8-28*
9-29
35c
8
10-
9-
2
Inc.
9-1
9-18
$1.25
■
10-
Corp.—
preferred (quar.)
77o 1st preferred (quar.)
Common non-voting
(quar.)
Common voting
(quar.)
t 9-20
9-13
•
..
(quar.)
Squibb (E. R.) & Sons common (quar.) —
$5 preferred A (quar.)
$4.25 preferred B
(quar.)
(quar.)
10-16
10c
9-20
(quar.)
9-15
8-20
Corp
Co.—
Wholesale
810-
10-15
Colorado—
Public Service Electric & Gas, $5 pfd.
2
9-15
50c
2
:
10-
37J/2c
(increased)„___
10-
(quar.)
11-15
t$1.50
—.—
preferred (quar.).
non-cum.
10-15
5c
(N. Y.)—
!
1
—
$1.25
s
12-
31V2C
preferred (quar.)__
participating
25c
V
(quar.).
preferred B
25c
-
50c
,,
_____
Southern Canada Power—
67o
25c
(interim)
(irregular)
11-15
Edison Co., Ltd.—
1
9-16
1
9-20
10-16
20c
(quar.)
10-16
12-
Telegraph Co., Ltd.—
Atlantic
Semi-annually
67o
*75c
—
—;—
&
Southern California
*$1.50
(quar.)
50c
62MsC
8-18*
1'A 7o
;
—
Extra
8-15
Radio Corp.
11-
Co.
Southern
8-15
Oil
10-20*
Inc.
Dairies,
Common
9-15
State
1
participating preference (accum.)—
South
9-15
1
25c
(accum.)
(monthly)
preferred
11-
Southeastern
0
75c
-
9-15
6 7c
1'
$1
Sorg Paper, 4-6% series B (accum.)
67c preferred series A (accum. 1;
15c
Quaker Oats Co., common
5
9-
9-13
45c
$1.12'/2
Optical Co.
Sonotone
10-21
50C
$2
Quaker
9-
50c
class A
Solar Aircraft
5oc
(quar.)
Pyrene Manufacturing
9-15
(quar.)
Socony-Vacuum Oil (s-a)
$1.75
Co.,
9-10
I2V2C
Breweries,
Skilsaw,
$1.50
(quar.)
(quar.)
67c preferred (monthly)
67c
preferred (monthly)
$5 preferred (quar.)
preferred
8-31
9-15
$1.50
2
preferred
Oil
9-15
preferred (quar.)
(F.
Simonds
preferred
67c
$1.37 Ms
.9- 8
1
8-31
9-15
Singer Manufacturing iquar.)
77o
Pure
9-25
10-
25c
Co.-
Simmons
87o
Pullman,
9-10
1
<quar.)_
L__,
——
Silverwood
2
9-
9-30
25c
(monthly)
preferred
9.11
9-15
Formerly known as Associated Breweries
9-20
2
9-30
30c
50c
(quar.)
Public Service Corp. of N. J., common
77o
2
•
25c
Manufacturing Corp
Shuron
8-24
9-
10-
$1.50
(monthly)
preferred
10-
$ 1.37 V2
(quar.)
37»/2c
preferred
9-11
$2
(quar.)_
B.),
B
Sheller
40c
:
of
2
prior preference (quar.)
conv.
class A
Selby Shoe
9-5
35c
;
(irregular)
preferred (quar.)
Co.
2
10-
Seiberling Rubber Co.—
20c
(accum.)
A
Service
10-
(quar.)
preferred
77c
8-31
9-30
Co.
9-11
$1.75
$1.87 »/2
50c
Brothers,
Class
(quar.).
A
9-11
(quar.)
Security Engineering CD., com. (quar.)_
9-21
10-
Seeman
10-
—
Class
Co.,
9-11
2
(quar.)
Acceptance
1
America—
of
2
10-
Co.__
preferred
10-
——
Original
Omnibus Corp.—____
Securities
9-
25c
——
9-18
(accum.)
.
9-15,.
2
$1.06 »/4
Quarterly
15c
(quar.)
9-15
2
10-
50c
Public National Bank & Trust Co.
75c
Co., common
2
10-
$1.06 y4
Insurance
9-1
10-
Co.
of Del.
25C
Alexander
East
Class
27M.C
(quar.)
10-
50c
—
Accident
9-15
$3
I2V2C
common
Roebuck &
$1
*2c
preferred
12-15
(s-a)
(quar.)
Surety
Sears
*5c
(quar.)
—
Price Bros. & Co., SVi 7o preferred (quar.)_ m.37 y2
$1.25
Procter & Gamble Co., 57o preferred (quar.)
(accum.).
9-30
New York City
Co.,
1
.11-
25c
(quar.)
Mining Corp...
York
9-
$1.50
Newport News Shipbuilding & Dry Dock—
$5 preferred fauar.)
New
9-15
9-15
9-30
Zinc
New York &
&
Prosperity
7—
SI
(J. J.)
England
Newmont
9-15
9-30
$1.37 y2
Brothers,
Jersey
9-25
12y2c
.__
(irregular)
New Jersey Power & Light 47c pfd. (quar.)
New
10- 2
preferred
prior
Newberry
10-20
50c,
(quar.)
prior preferred
Seaboard
Corp.—
Proprietary Mines, Ltd.
(quar.)__
(quar,)—
New Bedford Rayon, class A (irregular)
6%
Neisner
10-30
37M>C
:
8-31
12-31
Co
Lace
1.25
(qUar.)_
partic.
Metals
Pressed
—_—__
S2 preferred
Supply,
National
Powdrell
•;/'
preferred class A v.t.c—
(quar.)
9-15
1
9-15
'
___
preferred
Preferred
2c
Machine (quar.).
Box, common (irregular)..
Co.
Seaboard Oil
9-
9-30
Co
preterred (quar.)_—
$4.50
preferred
(quar.)
of Canada—
non-cum.
Preston
Welding
National Standard
8-31
1
9-25
50c
$4
Scranton
dividend
67c
$1.25
National Steel Corp,
9-15
—•;—
Brewing $3.50 pfd.
67c
100%
.
preferred
9-11
Co.,
Paper
9-
25c
(quar.)
Railway
9-30
Scott
.;8-25
(quar.)
A
Schlage Lock Co.
1
9-15
9
9-25
37>/2c
(quar.)
2-15-45
2-5-45
2
9-
25c
Schenley Distillers Corp., 5J/2 7o pfd.
Schiff Co., common (quar.)—,
5V27c
preferred (quar.)
;j;
4
10-
$1.62 >/2
Schenectady
$1
__.
8-30
•
(quar.)
pfd.
Power,
11-
9-
(quar.)-
(s-a)
9-15
9-15
9-15
A
Assn.
11-15
35C
——
9-30.
9-30
$1
12-15
8-31
(quar.)
& Co.
8-28
25c
1-1-45
75c
Electric Co., common
Power Corp.
class
67c
(quar.)—
&
C
debenture
9-15
(quar.)
_
9-11
9-12
(irregular)
debenture D
9-30
.
Trading
9-20
37V2C
debenture B
2c
(quar.)
8-31
50c
—
Electric
30c
1.
8-28
v
9-11
50c
Remedial Loan
debenture
67c
9-11
(quar.)
5
9-
9-11
130c
+
9-15
2
__w
$1.75
(quar.)
common
1
9-11
(quar.)
Forgings (quar.)
Plymouth Oil (quar.)
;
8-31
Co.
6l/a"lo
1
10-
2
9-15
'
•
Savannah
2
10-
,
50c
Co.—
Co.;.
Service,
Public
Francisco
8-31
10-
2
50c
(initial)
Schwitzer-Cummins
Pittsburgh
10-
9-15
11-
Louis
8-31
$1.25
Corporation
Pittsburgh
10-13
1
8-21
5'A7c
2
70c
10-
25c *
35c
Ltd,
9-11
37'Ac
—
class B
8-30
(quar.)
9-26
: 75c
(quar.)———
Lead
6
8- 3
Pumps,
9-
20c
Common
8
National
9-
St.
San
Pittsburgh Bessemer & Lake Erie—
9-10
National Radiator
9-20
10-
5
5c
—
*—
35c
common
preference
Philco
9-11
Linen Service, common
8
9-16
Joseph
9-15
Philadelphia Transportation Co.—
$1 participating preferred (s-a)
V.t.c. for partic. preferred (s-a)
12-
9-
National
9-
9-30
—
Quarterly
t44c
National Lead Co.. common (quar.)
7% preferred class A (quar.)..
67c preferred class B (quar.).—
9-30
50c
5
9-
Safety Car Heating & Lighting Co
Philadelphia Germantown & Norristown RR.—
5
Co
Manufacturing
9-15
(quar.)
2
9-
9-15
•
St.
2
$1
9-
9-15
'
50c
(accum.)-
9-11
10-
9-15
9-12
25c
Mills
9-12
1
9-27
10-14
8-25
2
10c
&
preferred
preferred
*$1
9-
—
Products Corp.—
Russell
*$1.75
9-15
50c
57c
9-12
10-
9-15
10-
50c
River Cotton
H.)
Quarterly
Sarnia Bridge
$1 preference common
30c
National Food
17c
9-27
A-.
12-21
1
9-15
75c
Industries, Ltd.,
9-15
25c
(quar.)
(Charles)
Philadelphia
20c
Electric
Russell
2
75c
common
10-
12-30
-l
9-20
Rubinstein, see Helena Rubinstein
1
9-
9-15
10-
9-11
9-30
25c
Myers—
Realization
Roper
—
—
Philadelphia Dairy Products Co.—
$6 prior preferred (quar.)
Products (increased)
National Discount Corp., common..,
National Folding
9-15
9-11
$1.75
Corp. (quar.)_„
Roos Brothers, Inc. (quar.)
8-25
2
50c
quarterly).
9-29
Dairy
National
8-
5
5
10-16
9-11
-
(H.
9-
10-16
10-10
Aircraft
40c
25c
(quar.)..
2
9-
25c
participating class A
Extra
$6
9-
National Cylinder Gas
preferred
4
10-
10-
$1
52c
(quar.)
Stock dividend (One share of common for
each share held)
L—
5%
Rohr
50c
12»/2c
Container
National
Robertson
4
$1.40
—
Philadelphia Electric Power, 8% pfd.
(quar.)—
(quar.)—:
1
8-
75c
9-30
City Bank (Cleveland) (quar.)
National City Lines, common (quar.)
Class
9-
2
50c
12-21
National
National
2
10-
9-12
-
11-
Paper——.-
partic.
9-12
10-10
25c
&
$1.50
1
9-15
15c
(quar.)
10-
*$1.25
10-16
_____
(Detroit)
Co.
;
8-15
30c
common
9-15
U5c
12-28
(quar.)^
Register
10-15
(quar.)
Corp.
Philadelphia Co., $5 preference
9-21
(quar.)
(quar.)...
National
;
3
9-28
common
Ltd.,
Breweries,
National
f
Inc.—
Fibres,
Automotive
convertible
Robbins
8-31
11-
Extra
8-23
+50c
$1.50
—
—
8-23
9-20
2\
11-
10-
(quar.)__.
Co.
:
Riverside & Dan
9-20
220c
37yac
—
6% preferred (quar.)—.
Nash-Kelvinator Corp.'
Nathan Straus-Dupar, $2j50 preferred——
6%
8-22
$1.50
;—
Mutual System
National Biscuit Co.,
9-25
9-
20c
6%
10-16
Phelps-Dodge
Muskegon Piston Ring—
Mutual Chemical Co. of America—
National
Pfizer
Development Co.—
lc
Muncie Water Works.
2
9-10
10-
30c
11-15
20c
8-24
9-21
10-
__
Raisin
*$1.25
9-14
10-12
$1.50
$1.31'/«
$1.75
12 Vfec
12V2C
(quar.)
Stoker
—
$2.80 pfd.
—
$1.25
8-30
—
Riley
River
Inc.' (quar.)
Exploration (quar.)
&
Co.
10-16
Paul.
Extra
preferred
Paper
11-15
50c
(quar.)
preferred
1st
Petroleum
8-31
Richardson
Riegel
9-
9-14
2
10J
$1.50
Goods.
Dry
5
(quar.)
Mines
Co.,
Petroleum
8-15
$1.75
(quar.).
*25c
preferred (Initial quar.)-—————
Peter
8-15
9-15
J3iy4C
—
preferred
9-15
$1.50
(quar.)
2nd
11-10
11-10
J$1.75
Motor Wheel Corp..
Quarterly
1
1
—
9-15
8-28
Tobacco—
2nd
50c
Mines
Gold
Milk
v,4,1/4%
9-15
12-
12-
;
Morgan
Mount Diablo Oil Mining &
•'
$2.25
(quar.)
common
Mortgage
1
10-
9-
1
J.)
Manufacturing
25c
Peoples Drug Stores—
Peoples Gas Light & Coke.
Periect Circle Co, (quar.)
$2.25
(quar.)—
preferred
Loan
ryi2 V26"*
(s-a)
(s-a)
(s-a)—"
B
preferred C
Montreal
50c
—.
Rheem
Rice-Stix
9-15
(quar.)
preferred
$5
9-
■V-
9-11
8-31
$1.50
preferred class A
Gold
i $l.37V2
(quar.)
Monsanto
$4
9- 8
25c
9-30
9-15
9-18
37V2C
50c
50c
50c
(irregular)
(R.
1st and
75c
(quar.)__
Pennsylvania Salt Mfg. (irregular)
Pennsylvania Water & Power, com.
9- 8
9-30
—
preferred (quar.).,
——
Carpet Mills, Inc.—---;
Mohawk Rubber .Co.
——
7%
9-30
7To
$1.75
Penney (J. C.) Co.—...
—
Pennsylvania-Dixie Cement Corp.—
$7 conv. preferred A (accum.)
9-20
$1.75
5V2%
Montreal
9
2
Reynolds
Electric Switch—
Penn
2
9-
10-
Mohawk
preferred
9-
$1.50
„—
Mock.
$4.50
9
9-15
9-
35c
$1.25':
—
Judson, Voehringer Co
Modern Containers, Ltd., common
preferred
$1.20
8-25
V/2C
(irregular)
$5
9-11
'
.
conv.
Common
9-11
2
(quar.)
Edison Co.
8-26
2
10-
(quar.)
A
class
$1.40
Penn
Penn
Minneapolis-Honeywell Regulator, commonMinnesota Mining & Manufacturing Co
Minnesota Valley Canning 5% pfd. (quar.).
Mississippi Power Co., $6 preferred (quar.).
$7 preferred (quar.)
.,
Missouri
9-12
10-2
5
9-
10-
(quar.)
Common
8-31
25c
pfd. (irregular)
Minneapolis Brewing (irregular)
Minneapolis Gas Light Co. (Del.)-—
$5 participating units
—
*25c
(quar.)....
Telephone,
$1.40 class A
9-15
$1 prior
Miller & Hart,
8-31
9-15
9-15
'
8-31
9-12
25c
-
67c
67o
12-15
$1.50
(irreg.)
Co
Ltd.
9-30
5Cc
(quar.)
(increased
Co.
Peninsular
31V2C
i
(quar.)—
prior preferred (quar.)
preferred, series A (quar.)—
Revere Copper k Brass Inc., 5V*7o pfd. (quar.)
17o preferred (quar.)_—
:
Reymer & Brothers, common (irregular)
;
12-30
$1.50
Pictures
Penick & Ford
9-15
8-15
7'Ac
Patchogue-Plymouth Mills
Paton Manufacturing, Ltd., common (quar. )
77o pieferred (quar.)
Peabody Coal Co., 67o preferred (accum,)..
9-22*
9-15
9-11
10-
43%C
(quar.)
Wolverine
—
preferred (quar.) _______
$1.50 convertible
1
Packing Co
t$1.75
common
preferred
Parker
9-1
9-15
5c
Refineries, Inc." (quar.)—
47c
Paramount
2
10-
50c
—--
Cos.,
Paraffine
5*
9-
2
9-15
25c
pfd. (accum.)—
——
10-
$.07222
9-20
9-29
15c
Tubes Ltd.
Parker Appliance
9-15
15c
Hone Corp. (increased)——
preferred (Initial)——
—•
-
Micromatic
2
87J/2c
$1.25
(quar.).—
preferred
5.6%
10-
10-
'
Mid-V/est
9-15
2
9-30
$i.62 y2
(quar.)
Panhandle Eastern Pipe Line Co..
$1.50
12-
9
9-
Regent Knitting Mills, $1.60 preferred (quar.) ;; r '.40c; ;:12- 1
9-15'
Kenance Gram, Ltd., 67z7c
pfd. (accum.)— t$1.62V2
Remington Rand Inc., common._.t_,ii
30c '.10- 1
10- 1
WV2 preferred (quar.)__
$1.12'/2
9-15 >
Reo Motors, Inc.
^
25c
11- 1
Republic Investors Fund, 6 7o pfd. A (quar.) 7-^7->15c
116% preferred B (quar.)a-»^—
V 15c
10Republic Steel Corp., common..
25c
9-30
——
common
Co.
Indemnity
Mills
9-
9-25
10-25
—
common
Pacific
$1.50
1
12-15
——_
—-
7
10-25
(quar.)
Pacific
Page-Hershey
(quar.)——
Midland Oil Corp., $2 conv.
1
8-
+6c
Ltd., common
Ottawa Electric Ry. Co. ((quar.)..—
Ottawa Light Heat & Power, com, (quar.)_
57c
preferred (quar.).
Paahau Sugar Plantation (irreg.)
1
9-
9-11
50c
Car & Aircraft,
Ottawa
9-20
9-30
$1.25
preterred
9-
*$i.5o
(quar.)
Co.,
Elevator
67c
1
9-
9-
Rayonier, Inc., $2 preferred (quar.)
Reading Co., 47c non-cum. 1st pfd. (quar.)_
2nd preferred
(quar.)
8-24
9
25c
(irregular) —
& Elec. 77c pfd. (quar.)—
Products,
Steel
$1
50c
(quar.)
(quar,)..
(quar.)
preferred
77c
Otis
9-16
$1,75
—-
6% pfd. (quar.) —
6% preferred series 1940 (quar.)
$6 junior preferred (quar.)
7% preferred (quar.)
,—
Mlavaie - Company
8-25
9-11
3
Farm
Ontario
9-20
9-14
35c
Michigan Public Service,
5%
2
2
9-
,
y.
Equipment
Oneida, Ltd., 17c preferred
Ontario Manufacturing Co
9-20
10-
9-10
r"-
Water Service class A
Oliver
9-20
SI.50
b
15c
Ltd.———
Co.,
Oklahoma Gas
8-31
62V2c
a
9-
—
preferred
67c
Ohio
9-15
2
«—
9-
2
IV2C
Ogilvie Flour Mills, common
Ohio Finance 5% prior pfd,
—
Michigan Associated Telephone
6%
preferred (quar.)
$2.40 preferred
8-22
9-5
10-
pr el erred
preferred
preferred
8
25c
(quar.).
preferred (quar.)
prior
9-
9-15
50c
preferred (quar.) —
Metropolitan Edison, $5
prior
Quarterly
Oahu Sugar
50c
—
1
2
10-
(quar.)
Corp.
Nu-Enamel
30C
,
commoni————
$7
11- 1
10-10
25c
of California—
Transportation (quar.)
$6
4
15C
common
$7
10-
IOC
Mergenthaler Linotype
*
Mesta Machine Co.—
Metal & Thermit Corp., common.
7%
preferred (quar.)
—
$o
4
$1.50
—
pfd. (quar.)—-pfd. (quar.).
4«/2%
1
10-15
9-
10-
75c
preferred (quar.)
Northland Greyhound Lines, Inc.—
$6'A preferred (quar.)
Norwaik Tire & Rubber, 77c pfd. (quar.)..
Norwich Pharmacal Co..
8-31
9-
12-
$1
preferred (quar.)_
Merchants & Miners
Merck & Co., Inc.,
,
9-15
12-15
———
common—-
Stores,
9-16
t2c
10-2
717/«c
67c
7
——
(quar.l—
Acceptance Corp.
Mercantile
1
35c
9~
9-15
preferred
—
preferred (quar.)
67c
preferred (quar.)
North Pennsylvania RR. (quar.)———
North River Insurance
(quar.)..
Northern Liberties Gas (s-a)
Northern Natural Gas Co.Northern Ontario Power Co., common—
10-14
25C
9-15
(quar.)—
common
Raybestos-Manhattan Inc.
9-15
10-30
9-20
Rath
___
20c
preferred (quar.)
preferred (quar.)
5%
9-30
Pacific
of
share
One
2
10-
$1.50
9-20
(stock dividend)
Gas & Electric
com,
534 7o
433ic
Memphis Natural Gas
Mercantile
9
35c
——
Corporation,
6
9-
Co.,
American
North
1
———
HcLellan Stores. 6%
Mead
9-
$7"
Robblns, common (quar.)
preferred
9-30
9-15
.
$7>
-
(accum.)—.—.———-
(quar.)
Common
9- 6
30c.
(accum.
Quarterly
Reduced
9-30
9
—
.McClatchy Newspaper, 77c pfd. <quar.)
McCrory Stores Corp. (quar.j—
McGraw-Hill Publishing Co.—
—
McKenzie Red Lake Gold MinesMcKesson &
9-
$1.75
rquar.)__i—
Navigation Co.—;
Matthiessen & Hegeler Zinc—
Matson
1
8-23
9-15
25c
Asphalt Corp. (quar.»._—/,
Mathieson Alkali Works, common———Mastic
7%
9-
1
9-
(quar.)_—rr 10c
Rapid Electrotype (quar.)————2-_-—J
37'/sc
Quarterly
37'/2c
(Pittsburgh)
-8 7c
2
10-
$1.50
——"
1st preferred
$6
/
—
——
8-16
35c
redeemable preference (s-a)—
conv.
Master -Electric
A (quar.).—
$6 1st preferred B (quar.)—
'7
9-15
?62%c
2'/2c
9-15
Rand's
1
9-
9-11
30c
American Car Corp., common
of Rec.
Payable
thare
■
North
Holdert
When
Per
.
Name of Company
of Ree.
Payable
thare
Name of Company
of Rec.
Holderi
When
Per
tioiaert
Per
tnare
name or company
Monday, September 4, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
1020
9-30
9-
1
30c
9-15
9-1
Volume
,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4313
160
Per
When
Name of Company
& Co. "(quar.)—
Swift
Syracuse Transit
Payable
of Rea.
Tacony-Palmyra
Class A
(irregularK
common-
Products—
—
(quar.)—,
Bridge, common (irreg.)
(irreg.)
40c
50c
■
;
Mines
Gold
Sylvanite
iLL:
—_1
Corp.,
SylvaniaJ Electric
-1
"
^
.
,10- 1
12- 1
10- 2
10-16
9-30
9-30
11- 1
10-1
25c
$3c
75c
35c
,
—
$1.25
Talcott (James), common' (quar.)_1—.
• 10c
5'/2% partic. preference (quar.)
•
68%6"10- 1
Teck-Hughes Gold Mines Ltd. (reduced)
*45c * 10- 2
5%
(quar.)
preferred
Tennessee
Company; (quar.)__
Gulf
Texon
Oil
Suiphur
:
;>
—__
$5 pfd.
preferred
Thompson Products, Inc. common
S5
;•
preferred (quar:)__
Tilo
•
.
(quar.)
preferred (quar.)
Roofing Co., common
convertible
$1.40
Time, Inc. A
Roller
Timken
Bearing
1
Tip Top Tailors, Ltd., common
'■
7%
preferred (quar.)—
Universal
Trinity
Trion
5%
w
Troy
Company,
Coal
Truax-Traer
Co.,
preferred
Twentieth
20c
$1.37%
common
(quar.)—
9-11
9-15
Common
$4.50 prior preferred (quar.)
$1.50 convertible preferred (quar.)
i
(quar.)
Disc
Co.
Clutch
Union
Union
&
15c
i——_—-
Co.,
preferred
Union
(quar.)
Elastic
Corp.
Instrument
8-15
9-15
9-
25c
10- 2
9-15
9-11
8-28
(quar.)
Corp.
(quar.)
common
$1
$1.75
;
(Wm.)
prior
Wilcox
Co.,
25c
9-18
•.
(H.
pfd. (quar.)
(quar.)
Winstead
Jlosiery
9-22
10- 1
10- 2
'
A
preferred
20c
Wisconsin Electvic Power, 6 % pfd,
(quar.)
4Va%
preferred
Oil
Wiser
Extra
Wood
30c
35c
(quar.)
(quar.)__
Corp.
United Electric Coal Cos.
25c
.
(quar.)_!
Illuminating
United
175C
•
(quar.)
——
9-15
* 25c
15c
7%
$1.25
|50c
25c
Steel, 7% preferred (accum.)_
Manufacturing Co., Ltd. (init. quar.)
(quar.)„
&
Lothrop,
preferred
4%%
-
6%
preferred B
(accum.)
.
$1.50
5%%
10- 2
50c
10- 2
9-15
50c
$1.25
$1.25
$1.25%
$1.25
——
U, S. Graphite Co;
Gypsum Co., common (quar.
10-10
7-2-45"
10-2
10- 2
10-1
9-20
preferred IquarA)—$1.75
7%. prior .pfd. <quar.).
$1.75
40c
40c
12-20
10-2
10-1
25c
9-8
9-15
12-15
(quar.),
62 Vic
6%
convertible
—
banks
cities
week
$2
9- 8
preferred (quar.)
—.
$5 preferred (quar.)!
$5 preferred (quar.)____.
6.4% preferred;A<qnar.)_;—
6.4% preferred A (quar.)
6.4% preferred A (quar.)__
6.4% preferred A (quar.)
i.
•
.____
U.
(N. Y.) (quar.)——
class A__—_—li_———
preferred
S.
Trust Xo.
Class
$15
25c
10- 2
9-15
10c
9-15
_
common...
(quar.)
——
B
Universal
Pictures,
Universal
Products
common
62Vic
—
preferred
Upressit Metal Cap, 8%
(accum.)
Upson-Walton Co.—
!——1—
tJtica Knitting, 5%. prior pfd. (quar.)
5%
prior preferred
(quar.)__.
9-16
10-31
.10-16
9-14
62Vic
—
$1
Van
Dorn
Works
Iron
Veeder-Root,
Inc..,
8-31
,
$1
9-12
Common
50c
9-15
9- 1
$2.50
10- 1
9-8
$2.50„
10- 1
50c
$1.25
62Vic
37Vic
9-15
9-20
9-25
11- 1
—
Co.__.____—
Virginia Electric & Power, $5 pfd.
Viking
Pump
Virginian Railway, common
6%
r't 6%
■•f 6%
preferred
preferred
(quar.)
preferred
7%
;
Detinning,
preferred
9- 9,»,
9- 1
12- 1-
Extra
$1.50
$1.75
—
(s-a)___
>•
720c
25c
40c
«
Wamsutta
.Warren
$2.50
Class
B
$1.35 Class A (quar.)
(quar.)
-
5%
preferred
preferred
(s-a)
(quar.)
—
source.
Aug. 30, '44
hand
on
and
Aug. 23, '44
Non¬
•
454,551
10,228
268,644
3,128
reserves
-
Sep. 1, *43
$
12,000
19,047,560
^
Discounts and advances
A
85,299
Industrial loans
10,078
10,120,332
—
21,230
48,285
—1,340,430
16,545
+
275
—
351,204
+
—
4,900
—
—1,643,349
1,585
—
1,269,426
X. Total U.
or carry¬
15,852,119
Total loans and securities
15,947,496
Due from foreign banks
P. R. notes of other banks
+ 259,813
356,971
1,485,57.9
premises
34,562
-
238,222
+6,665,289
_+
238,308
+
+
3,296
+
17,369
—113,992
+
44,950
6,680,249
9
+
136
80,029
Uncollected items
Bank
3,200
2,199,440
+
—
13,400
4,347,100
'-XX.
S. Govt, securities
(incl. guar, sec.)
System
purchasing
+
+
1,080,371'
Bonds
+ 276,413
3,381,990
Notes—
principal
45
—
3,982
—
66,932
+
1,439
36,662,294
+
124,106
+5,398,782
Other assets
Total assets-i
,A
Liabilities—
617
+
.
Federal Reserve notes
19,G95,054
+
173,767
+4,734,952
13,132,259
+
210,744
+
—230,607
+
105,310
7,643
+
207,316
Deposits:
Member bank—reserve acct._.
U. S. Treasurer—gen.
acct—
318,116
1,396,901
Other
382,080
i
—
+
20,287
217,309
1,959
—
15,229,356
Deferred availability items
—
7,219
+
527,976
1,266,170
8,691
Total deposits—
—
98,424
+
169
+
2,612
+
122,719
+
5,363,964
159,522
188,097
26,965
88,439
Total liabilities
43,998
+
36,199,271
Other liabs., incl. accrd. divs
+
85
+
10,440
+
27,686
Capital Accounts—
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
Total liabilities & cap.
accts._
36,662,294
136
+
+
1~302
+
124,106
3,444
—
+ 5,398,782
Ratio of total res. to deposit &
54.5%
F. R. note liabilities combined
Commitments
to
make
.3%
—
14.2%
—
indus¬
3,918
trial loans
40
+
7,719
+
8-16
9-1
9-15 '
9-20
9-11.
10- 2
9-15
9- 5
VX 71-25
9-15
333/4C
62Vic
25c
11- 1
11-1
9-20
9- 5
10-16:
10-16
,9-6
.*
X
12-1
**"*1
_
$2.50
$1-25
12*-4t
,
H-15
11-15
Free
1
Colombia, peso
'
AUG.
RESERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930
31, 1944,
England, pound sterling
India (British), rupee
Mexico, peso
Newfoundland, dollar—
Official
-
Free
pound
Union of South Africa, poundNew Zealand,
Uruguay, peso—
•i
Controlled
Noncontrolled
•Nominal rate.
INCLUSIVE
Buying Rate for Cable
Value
Aug. 26
in
Transfers in New York
United States Money
Aug. 29
Aug. 28
$
$
.297733*
.297733*
.251247*
.251247*
Free
8- 8
.
Official
Official
9-15
'
TO
25
Aug. 25
Canada, dollar—
8-11
8-11
.
CERTIFIED BY FEDERAL
Country and Monetary Unit
Official
8-15
RATES
Federal Reserve Bank is now cer¬
rate for cable transfers in the different countries of the
the Tariff Act of 1930, the
Noon
'•
8-10.
9-22
/
Foreign Exchange 'Rales XX:AAy:A
AUG.
Brazil, cruzeiro—
9-15
9-15
Washington Railway & Eleptric—
5%
the
weekly reporting member
u
EXCHANGE
Free
50c
—.,
(interim)
FOREIGN
"
50c
Mfg., common..*-
at
British Income tax.
requirements of Section 522 of
Australia, pound
t$l
t25c
>
Mills
Brothers Co.,
Class C
Pursuant to the
A
;• 8-15
;
Xl-5% preferred
X
X
A
9-12
9-1^
•"
$1.12Vi
Walker (H.) Gooderham & Worts, Ltd.—
•Ware Shoals
9-15
20c '
50c
—
-I.Common (quar.)
Xf $1 preferred (quar.)—
thousands of dollars)
Foreign
Argentina, peso—
9- 9
10-10
8-16
9-20
10-20
50c
common
Electric
accounts,
18,324,365
tifying daily to the Secretary of the Treasury the buying
world.
We give below a record for the week just passed:
7-16
'
a Less
Reserve
following
4-16
37Vic 8- 1-45
;
Corp. (quar.)
Waite Amulet Mines, Ltd. (interim)
Waldorf System. Inc.
(quar:),__;
Walgreen Co. common (quar.)
si*.. 4% % preferred (quar.)—
"Wagner
Federal
the
1-15:
37Vic 2- lr45
—37Vic 5- 1-45
'
(quar.)
Wacker-Welis Building Corp.
jt
—
(quar.)___
Vulcan
;
:
(quar.),_____
preferred
£("6%
—
(quar.)—
(quar.).
—v
(quar.)_:
deductible
$334,000,000 in holdings of Treasury bills, $107,000,000 in
balances with domestic banks, $818,000,000 in United
9-8
9- 1
8-31
9-12,
10-16
—
(s-a)
.Gov't
11,644
certificates
Gold
Total
in 101 leading
changes for the
ended Aug. 23: Decreases of $122,000,000 in loans,
the
of
shows
8-25
9-20
9- 9
12- 9
_________
(s-a)
preferred
83
38
8-29
9-9
[Vicksbu'rg Shreveport & Pacific Ry.—
%"> 5%
23
4
41
8-26-.
9- 6
25c
$1.75
.$1.75
'
Co
Normaa.Company.i___—
—
Vapor Car-Heating, 7%-preferred (quar.)— :i 7% preferred (quar.)
.—1
>..
Vah
:.
S.
U.
+
Redemption fund—F. R. notes—
•
nearly all dis¬
$121,000,000 in the
Chicago District and $69,000,000 in New York City. Hold¬
ings of Treasury certificates of indebtedness increased
$17,000,000 in the San Francisco District, $13,000,000 in
the Boston District, and $19,000,000 at all reporting mem¬
ber banks, and declined $13,000,000 in the Chicago Dis¬
trict.
Holdings of Treasury notes declined $30,000,000
in the Boston District, $18,000,000 in New. York City, and
$42,000,000 at all reporting member banks.
1 Demand deposits adjusted increased in all districts,
the principal increases being $275,000,000 in New York
City and $74,000,000 in the Cleveland District; the total
increase at all reporting member banks was $506,000,000.
50c
(accum.).
Valspar Corp., $4 conv. preferred
t
■
—
Increase ( + ) or Decrease
Holdings of Treasury bills declined in
9-15
9-1
9-21
-12-23
.
and
Assets—
tricts, the principal decreases being
9-1
10- 2
9-11
10- 2
1-2-45
—270
accounts except
deposit
(In
$120,000,000.
9-1
50c
'40c
$2
10c
62Vic
—
Co.
9-15
50c
(quar.)—
<Universal Laboratories, $2.50 pfd.
Universal Match Corp
8,576
873
Other cash
V. v'
dividend.
Loans to brokers and dealers for
9- 5
.
7,993
Reserve Banks Combined
Canadian non-residents' tax.
tax
1,152
+
Statement of Condition of the 12 Federal
8-19
9- 9
ing United States Government obligations increased $32,000,000 and other loans for the same purpose declined
11-27
2-26
5-26
9- 5
9- 5
9-15
9- 5
Co.,
Universal Cooler,
v
.
.
—
S. Tobacco
7%
U.
$1^5 4-16-45
,—;—«
$1.25 7-16-45
40c
9-11
——
/
40c
12-11
40c 3-12-45
—
40c 6-11-45
—30c
9-15
43 3Ac
9-15
;
;;
funds,
+
.
deposits, and $270,000,000 in deposits
credited to domestic banks; and an increase of $506,000,000 in demand deposits adjusted.
8-11
10- 2
1- 2;.
4- 2
7- 2
8-25
$1
9-9
$1.25
10-16
$1,25 1-15-45
demand
Interbank
States Government
8-25
*■
$5
*
:
8-25
United States Steel Corp., common.
U. S.-Sugar^ $5 preferred (quar.)
Canadian
745
—
(—) Since
■
The condition statement of
9-15
9- 8
-
8% cumulative 1st preferred—.
v
10- 1
50c
preferred A (quar.)
10-1
62%c
(U. S. Printing & Lithograph 5% pfd. (quar.)
U. S, Rubber Co., common
in
+ 506
+
88
during week.
9- 5
12- 5
._v
tPayable in U. S. funds, less 15%
54
—
33
-
9-1
75c
75c
to
9- 1
;
50c
$1.37%
9-15
9-15
10- 1
25c
I
for this
20
+
—818
7,042
Certificates—
9-15
•
——
Playing Card* Co.
Debits
Condition Statement of Member Banks
9-15,
Common (quar.)—.
;
United States
closed
167
—
11,829
,
Foreign banks
9-1
income tax
not
43
+
—107'
34,400
deposits
Bills
11-29*
50c
S. Leather,,
Jamaica
books
1
U. S. Govt, securities:
9-20
8-31
9-1
9-15
9-15
9-10
8-31*
9- 7
9-15
U> S. Pipe & Foundry, common (quar.)
U.
30%
tPayable
9-2
9-16
12-16
.3-16.;
6-16
9-13
10- 2
1-2-45
4-2-45
$2.50
25c
20o
50c
__
19
2,132
3,300
—1,216
66
+
9-15
$19- 8
resident tax. 15%; resident tax. 7%.
United Nfiw Jersey RR. & Canal Co. (quar.)
(interim)
——
-
7%
xLess
•
-
U- S. Freight Co.
U. S.
10- 2
9-15
9-15
50c
Merchants & Manufacturers—
Common (quar.)
5% preferred (quar.)
—
5% preferred (quar.)
5%; preferred (quar:)__
:
5% preferred (quar;)————
1
10- 2
+
due from U. S. Treasury
•Transfer
United-
/(
10- 2
58%c
53c
__________
United Light & Railway Co. (Del.)—
7% prior preferred (monthly)
6.36% prior pfd. (monthly)
A-, 6% prior pfd;; (monthly
+ 2,560
+
9
—
3,376
+
'
12
545
Borrowings.
(Consol.)—
Zfoft's Co-operative Mercantile InstitutionQuarterly
Quarterly
9- 9
9-11
19
42
8,883
U. S. Government deposits
Interbank deposits:
9- 5
8-24
9- 8
:
Zeigler Coal & Coke Co._____,
599
1
44
354
—
D-20
t6J/4C
.10- 2
10-2
Ltd
preferred A (quar.)
+
—
9-15
50c
—
Youngstown Sheet & Tube, common.^!
+
Liabilities—
9- 5
$1.12%
Youngstown Steel Door Co
7
2,945
-Time
8-24
9-15
9-15
10- 2
Jr. Co., common
Mines,
+
Other securities
Domestic banks
-
+
—
75
—
—334
7,411
Demand deposits-adjusted
8-31
$1.12%
(quar.)
(quar.)*.-
19,532
Balances with domestic banks
9-16
9-16
$1.75
Yale & Towne Mfg. Co.
Yellow &• Checker Cab Co".
A
'
9- 6
9-28
9-28
(quar.)
A
•
1,304
11,009
9- 5
9-30
946
j
1
21
—
3,324
Obligations guaranteed by U. S. Government
23
+
—
9-12
15c
prior preferred
conv.
preferred
Class
9-15
—
45
Cash in vault
9-12
4
10- 2
,50c
$1.75
(quar.)_
common
(quar.)
7%
.
10- 2
341
1,072
1
Reserve with Federal Reserve Banks
8-31
' 8-31
+
llj
—120)
U. S. bonds
8-31
9-15
'
-
Worthington Pump & Machinery Corp.—
4%% prior preferred (quar.)
8-31
8-23
8-24
10-2
9-15
295
32)
Treasury bills
Treasury certificates of indebtedness
Treasury notes
;
10-31 X 10-16
$1.50
.
class A pfd.
10-16
$1,75!
-(quar.)___________________
_______
Woodward
United Fuel Investments—
6%
Other loans
Other securities
'
(Alan)
Woods
8-25
9-15
9-11
9- 9
9-10
10-16
Co.—
+
+
971
-
A Real estate loans
'
7% "preferred
742
" 267
+
5
605
Loans to banks
$1.12Va
(quar.)
Wisconsin Power & Light
6%
preferred (quar.)
9- 5 *
9- 1.
9-';l'
25c
8-31
9- 1
11-15
Wisconsin Michigan Power Co.—
+
+
pur¬
U. S. Government obligations
i
11-1
$1.50
__
agricultural
and
Other securities™
12-30
11- 1
$1
9,187
Other loans for purchasing or carrying:
1
9-
+ 1,478
6,006
9-11
10- 2
$25c
t$2.50
$1.50
Extra
.
9- 5 !
10- 2"
30C
9-11
25c. " 9-15
$2
A
$
+
—122
loans
9-22
9-15
industrial,
Commercial,
9-15
8-25-43
—477
11,086
I
Loans to brokers and dealers for
chasing or carrying:
U. S. Government obligations
„
10- 1
8-16-44
S
55,906
-
Loans—total
9-11
10- 1
10c
(quar.)___
Wright-Hargreaves
95c
Assets—
Loans and Investments—total
•• •
10- 1.
J
(quar.)
Wrigley (Wm.)
$1.50
Increase (+) or
Decrease (—) Since
8-23-44
9-16
/
millions of dollars)
(In
9-16
$1.75
;
Oil & Gas
F.)
Products
9-1
10- 2
10- 1
: "
member banks follows:
1
75c
$1.25
(quar.)
preferred
10- 1
10- 1
■''--X-
Inc.,—
Wilsil Ltd.
(quar.)__
Winnipeg Electric, 5%
9-15
9-20
10-20
9-15
—
Union Wire;Ropev (quar.).i—A
Aircraft Products, common (quar.)__
Fastener
9-15
..
.
(quar.)
preferred
Willson
9-15
___•
—l
(quar.)—
United
United-Carr
9-20
•
9-15
9-15
Sugar ''Co._—————A_:
United
$5
9- 5
1-2-45
9-25
10c
___
preferred'1 (s-a)—1-——-
•
10-1
50c
(quar.)_
Wieboldt Stores, Inc., 6%
"9-15
9-25
10- 2
75c
common—_■
Union Pacific RR. common
4%
50c
50c
:
Carbon. Corp
Investment
7.6%
__.
Paper Corp
Carbide
9-30
9-15
9-30
75c
(quar.)—
.208 So. La Salle St. Corp. (quar.)
Quarterly
rtJnion Bag- &
$1.25
"
9- 5
1-20
8-30
9- 5
50c $1.12,/2
37 Vic
,
Twin
9-18
Woodward Governor Co.
i
;
7%
Century-Fox Film Corp.—
'
«
Paper,
preferred
Whitman
9- 5
9-15
2-2-45
9-15
9-30
25c
White Motor Co
11-10
9-15
preferred (quar.)_
& Bennington RR. (s-a)::
.;•> 5%%
7%
8-25
11-15
Electrical
Whitaker
'
8-31
8-24
(quar.)—
10- 1
$1
.
all dis¬
$818,000,000.
Deposits credited to domestic banks declined in nearly
all districts and the total decrease was $270,000,000.
A summary of the assets and liabilities of reporting
9-15
$1.50
-
United States Government deposits declined in
tricts and the total decrease was
9-7
9-18
$1
Inc.
v
8-25
10- 2
Coal
8-18
9-1
;*9- 1 *
9- 8
9- 9 '
9- 7
45c
(quar.)
Westmoreland,
of Rev.
10- 2
50c
Westinghouse Air Brake___
11-279-1
9- 1:* ;
9- 1 9- lr
8-25
8-25;
9- 2
9-11
:
(quar.)—
Insurance
preferred
Westmoreland
9- 5*
$1.25
$5
(quar.)_
common
5%
9-12
9- 1
9-1
$4
25c
20c
ransue
Co.
12- 1
9-15
' 9-15
9-15
9-15
9-15
9-15
9-11
9- 5
10- 1
t65'/2C
50c
?oronto .& Williams Steel Forging (quar.)_
Elevators Ltd., 5Vi% pfd.
Insurance
9-28
tlVzC
$$1.7510- 1
—A
2c
9-18
(quar.)
■jTom Bell'Royalty (irregular)
.Travelers
10c
$2.50
10c
75c
A< 25c
$1.25
10c
35c
50c
: . 50c
(s-a)
(quar.)—
—
(quar.)——'
Co.,'common
convertible
$3
:_
——
Thermatomic Carbon Co.,
Thermoid
_;
(quar.)—
Co
Land
&
25c
(irregular)
& Paper
Virginia Water Service, $6 pfd. (quar.)
Tablet & Stationery com. (irreg.)_
Weston
8-25
9-15
9-28
10- 2 ;
9-15
Pulp
Western
9-15
8-31
-
35c
25c
50c
50c
,
—
Texas
West
\
—
Corp"
Texas
West Virginia
$1.50
Boldert
9-15
10- 2
Share
Washington Water Power, $6 pfd. (quar.)__
Waukesha Motor, common (quar.)
Wayne Pump Co
9-15*
.
Telephone Bond & Share—
V. 7% 1st preferred (accum.)
Name of Company
9-1
11-15 ■
r
9-20-.,
8-19
9-15
9-15
A. 9-18
-
When
Pav'ble
Per
H olden
thare
,
1021
3.228000
3.228000
Aug. 31
Aug. 30
$
$
.297733*
.297733*
.297733*
.297733*
.251247*
.251247*
.251247*
.251247*
3.228000
.060602*
.060602*
.051803*
.051803*
.909090
.909090
.900000
.899843
.572766*
.572766*
.060602*
.051803*
.909090
3.228000
.060602*
3.228000
3.228000
.060602*
.060602*
'•
.051803*
.051803*
.909090
.909090
.899609
.898214
.896875
.572766*
.572766*
.572766*
,
-
.051803*
.909090
.897500
.572766*
4.035000
4.035000
4.035000
4.035000
4.035000
4.035000
.301215
.301215
.301215
.301215
.301215
.301215
.205800
.205800
.205800
.205800
.205800
.205800
.909090
.909090
.909090
.909090
.909090
.897500
.897500
.897083
.895833
.894166
.895000
.909090
3.244203
3.244203
3.244203
3.244203
3.244203
3.244203
3.980000
3.980000
3.980000
3.980000
3.980000
3.980000
.658300*
.658300*
.541812*
i.
.658300*
*658300*
.658300*
.658300*
.541812*
.541812*
.541812*
.541812*
.541812*
properties and assets to John H, Ware, 3d, Oxford, Pa., for $271,000
plus earnings and interest "from May 31 to the date of sale.
Consolidated asked the Commission to approve the sale by Sept. 15
in order to aid its program of corporate simplification in compliance
Investment News
General Corporation and
i
tions
to
59,751.580
income
Total
625,919
85,651
772,904
92,745
$865,649
*■ $1,132,431
97,884
104,622
152,000
270,000
''424,955
87,311
600,000
profit
$217,427
$343,686
$336,072
$445,120
$0.26
™„..,
$0.47
$0.46
$0.63
Earnings per com. share
Balance Sheet, June
Consolidated
in
Assets—Cash
'
Govt, secur¬
stock
common
V.
160,
profit of Gosnold Mills Corp. for the six months ended June 30,
taxes, amounted to $162,867,
The balance
the company at June 30, shows total current assets of $2^190,767 and total current liabilities of $833,939.—V. 160, p. 571.
Net
after all charges and
1944,
Providence Terminal Co.—Interest—
The
Sept.
Railroad—Earnings—
2,379,878
686,102
facility
Equip, and Joint
and
Net
income
$467,859
$563,225
.™<—
oper.
ry.
22,254
20,899
income
Misc.
fixed
$584,124
$3,509,439
189,341
927,636
Net
3,374
3,445
23,670
$366,729
$391,338
$2,558,133
Fed.
♦Incl.
540,929
721,413
3,583,052
160,
Total net
Taxes
.
$130,505
$100,833
$147,901
25,285
*2,381
11,277
*18,485
26,037
Net ry.
*
Deficit.—V,
160,
Net
$107,259
$96,575
50,946
34,533
30,447
12,299
30,710
30,507
20,885
198,431
248,442
258,276
145,656
215,838
0.59
if
the working capital
" '
class A stock and
of class A stock
originally offered
for subscription by stockholders at $8.25 per unit.
Such subscription
rights to expire 30 days after the offering date.
Contingent upon
receiving subscription waivers from stockholders, the remaining 1,000
units were offered at the same price to employees.—V. 160, p. 332,
Offering to Stockholders—Of the 10,000 units of
stock, each unit consisting of one share
one
share of common stock, 9,000 units was
common
and
Remington Arms Co., Inc.—Earnings—
and
$704,000
taxes
$0.08
Earnings per com. share
—V.
360,
669.
p.
1943
1942
1941
$2,498,000
$0.32
$1,308,000
$0.16
$1,152,000
$0.14
1944
after
profit
net
.
Service
Republic
Corp.
Proposes Recapitalization
—
corporation has filed a recapitalization plan with
before the Commission for a hearing Sept, 11.
The
preferred stock on the basis of one
for the
The common is not to
: * -■
'
share of preferred.
f6C&pit/&Lliz&'tiori
*
;
the
the
out¬
of $4,772,000 of 5% first lien collateral
approval by the SEC of the sale of
plan is contingent on
This
share of new stock for each
participate in the proposed
amount
principal
transaction would leave $1,763,800
Consummation of this
bonds.
Republic
669.
$3,105,264 to $2,190,000.—V.
reduced from
be
is to
t
,
'
'
(-
Vice-
Reynolds Metals Co.—Buys Sheet
has
as a Vice-President, effective Aug, 17,
Liddle, President.
He will be in charge
equipment and war materiel in Chicago
the
with
been
for
company
18
years
and in 1942
Press
Division,
«
t
sheet mill to the
Armco
Metals Co., R. S. Gruver, Manager of the Ashland
announced on Aug, 28, according to an Associated
dispatch from Ashland, Ky.
The mill will be rebuilt by the Reynolds company for rolling
Reynolds
alumi¬
to its plants
Ky,, and in Alabama.
not announced.—V. 160, p. 871.
The sale price was
appointed Sales Direc¬
transportation equipment for the United States, Canada and
C. A. Liddle, President, announced on Aug, 25.
Mr. Gorter also
been elected
a
director of Pullman-Standard Car Export Corp.
the Reynolds company
and parts sent by
he said,
in Louisville,
v
,
-
,
160,
'
.
Mill—
Mill Co. has sold its No. 2
American Rolling
The
num,
1
„
Vice-President, has been
Gorter,
P.
The proposed
summarized as follows:
The changing of the authorized
capital stock of the company to
120,000 shares of new stock.
Of this 114,590 shares are to be ex¬
changed for the company's collateral trust bonds on the basis of 11
shares of the new stock for each $200 face amount of the bonds, and
trust
Assistant Vice-President.
an
the SEC which
come
transaction may be
principal amount of bonds and 17,581 shares of $6 preferred to be ex¬
changed for new common under the recapitalization plan.
The carrying value of the investment of the Pennsylvania subsidiaries
Middle West.
of
has
Rheem Manufacturing Co. (&
July 17.:'43
July 15,'44
July 17/43
$490,175
772,056
$0.64
$1,098,481
772,856
$1.42
$1,147,637
772,056
,t
$1.49
shares
share
com.
per
charges and Federal income and excess
♦After
income
before
Earnings
and
profits taxes, > "
;
-
profits taxes for the 28 weeks
excess
in like
1944, amounted to $2,823,718 against $2,801,938
July 15,
shares of com. stock—
provision for taxes and contingencies.
earnings after Federal taxes were
♦After
share, for the /second quarter of 1943.
common
the second quarter
113,000 in
period of 1943.
"During the
production
in
from
another, entailing heavy change-over
Total
production
(tons)
(tons)
Total
sales
1944
65,313
66,380
$1,508,566
455,196
„
Net
profit from operations
Depreciation and depletion
Federal
taxes
i_,
1943
,
Richfield Oil Corp.
78,418
77,139
$1,293,686
S&l&s
599,774
449,552
$454,000
313,102
313,102
$0.15
:;$0.15
Stntc
exel
gasoline'
Other
&
1941
1942
1943
_?
Fed*
$36,432,858 $30,433,210 $24,096,472
223,156
491,754
387,458
revenue
$22,962,950
491,631
$36,656,014 $30,924,964 $24,483,930
21,987,506
18,987,283
13,916,321
& oil taxes—
oper.
(& Subs.)—Earnings—
1944
6 Mos. End. June 30—
390,134
$453,596
income
on
160, p. 770.
Rheem, President.—V.
Rayonier, Inc.—Earnings—
3 Months Ended July 31—
earnings were affected by
one type of military product to
and start-up expense," said R. S.
>
' <
1944,
of
quarter
second
shifts
extensive
period of preceding year.—V. 160, p. 122.
$241,174, or 32
or 70 cents per
Net^ sales were $15,compared with $13,400,000 in the same
with $316,217,
share,,-compared
common
per
410,772
314,674
$1.15
598,785
400,234
$1.31
Second quarter net
cents
1942 >/
1943
607,344
658,638;
$0.87
-
—
Earnings per share
$442,505
772,056
$0.57
:
profit
Outstanding
Julv 15,'44
profit
ended
•
28 Weeks End.-
12 Weeks End.-
Earnings
♦Net
Subs.)—Earnings—1944
$31,291,000 $23,194,000 $16,457,443
sales
Net
Purity Bakeries Corp. (& Subs.)- -Earnings—
'
6 Months Ended June 30—
,
159, p. 2562.
companies are subsidiaries of Pullman Inc.—V.
Outstcig.
Corp.—Suit Settled—
the
for
trustee
Purpose—Net proceeds will be used to increase
for general corporate purposes.
'
and
Scallori
Period—
corporation, informed Federal
Judge R. M. Gibson,
at Pittsburgh, Aug. 25, that companies and
Individuals accused of "exploiting"
the corporation had agreed to
settlement of a suit which would cost them more than $4,800,000 in
cash and relinquished claims.
The settlement is incorporated in an
emended plan for reorganization of the company.
Mr. Heiner said the defendants had agreed to pay him $1,353,679
In cash, to pay $468,000 to public holders of bonds of the corporation,
to cancel claims of more than $3,000,000 against it and to eliminate
claims of stockholders representing 14,907 shares of preferred stock.
Judge Gibson has set Oct. 4 for a hearing.
Among the nine corporations and 38 individuals named as .defend¬
ants
are
North American Coal Corp., Cleveland; Pittsburgh & West
Virginia Coal Co., Pittsburgh; Fennroad Corp., and the Frank Taplin
Heiner,
always
^
102,857
'' VL'
.
0.64
V
l-«
.
Authorized
75,000 shs.
*200,000 shs,
—
Mexico.
162,873
141,432
Pittsburgh Terminal Coal
G.
not
alphabetical
alphabetical
by C, A.
transportation
of
Thomas
tor
♦Net
William
is
564,095
699,539
818,790
899,092
;
income—
oper.
it
reasons
possible.
as
John W.
Scallon
Both
160, p. 470.
—V.
1941
1943
railway
from
ry.
mechanical
New Sales Director*—
>:
$140,907
1.50
91,441
Virginia subsidiary companies of Republic and the application of
proceeds from this sale to the pro rata payment of 60% of the
announced
sales
became
RR.—Earnings
1—
railway
from
$2,833,267
870.
p,
been
Mr.
15,480
income-—
oper.
Net
and the
1944
railway
From January
Gross
178,405
$118,673
railway—-
from
ry.
of
1942
July—
Net from
Net
293,938
571 and 50.
pps
Pittsburg & Shawmut
Gross
842,573
167,468
62,561 V;
,
Outstanding
Class A cumul, conv. stock (par $1)
63,455 shs.
Common stock
(par $1)
116,545 shs.
♦Includes 63,455 shares reserved
for conversion of class A stock
outstanding and 10,000 shares of class A stock authorized but un¬
issued.
;i, // ': >,
Upon the completion of the present financing there will be out¬
standing 73,455 shares of class A stock and 126,545 shares of common
stock; and 73,455 shares of authorized but unissued common stock will
be reserved for conversion of the class A stock.
,r
J'
President—
873,247
79,323
/
Capitalization—
p.
has
42,565
income
oper.
$3,157,530
$396,537
$571,181
...
1,467,316
Pullman-Standard Car Manufacturing Co.—New
<
176,818
45,346 ~ /
168,166
standing
850,109
761,405
railway
Net from
160,
Election of
1—
railway
from
Gross
$607,961
16,288,852
13,455,585
1,781,283
,™_
NOTE-—'For
48,319
*6,037
0.42
71,593 i
96,246
168,346
2,748,610
of
$105,545
'
income—_
From January
2,940,751
2,544,214
$715,345
12,914,332
9,756,802
1941
6,055
railway
oper.
$102,575
2,352,464
revenue——..
position
1942
from railway
Net ry.
—V.
Northern RR.—Earnings1943
July—
Net
$124,273
to arrange companies in exact
order. ' However, they are always as near
1944
from
2,075,278
possible
Pittsburg Shawmut &
Gross
2,578,609
1,863,264
—
accrued
571.
p.
367,001
264,427
446,095
—
revenue
4,490,319
taxes—
2,695,960
1943
will
&
income
profits
excess
•—V.
-
0.33
1.11
108,593
$5,680,891
$2,838,176 $12,198,987
321,822
revenues
Operating income
Net income
0.72
60,489
0.93
•
.
Total expenses
$2,604,931
'
0.70
1.62
82,468
2,542,775
$9,799,640 $65,905,570 $56,493,687
6,961,464 53,706,583 40,812,796
$2,228,192
revenue
Auxiliary Operations:
1,404,977
25,005
charges
2,388,746
1941
$0.75
1.50
Calling for 120,000 New Shares—
$4,034,913
120,010
inc.
from
deduct,
Total
$490,113
—
1940—
,
Com. Sh.
$1.40
104.316
118,598
Shares
$92,565
95,719
'
'
9,027,823
Net
Total
Per
132,004
charges
of car and auxiliary operations)
1944—Month—1943/
1944—6 Mos.—1943
$11,256,015
$3,893,558
141,355
$3,348,527
160,912
2,183,856
6 Mos. End. June 30—
expenses
revenues
Total
Total
Other income
Earnings
Class A
After Taxes
Taxes
2,264,182
Est.
Total expenses
3,590,043
3,764,871
494,357
532,815
(Co
rents
1944—7 Mos.—1943
$3,121,955 $20,552,732 $20,566,993
2,128,573
16,403,335
14,406,980
924,514
4,565,741
5,856,498
$3,001,024
Earns. Per
$119,337
$2,060,551
1939—
50-year
office of Second
Sleeping Car Operations:
1944—Month—1943
Period End. July 31—
Net
Earnings
Net Earns.
''
;jt"
first mortgage 4%
the
on
Co.—Earnings—
Pullman
(Revenues
Operating revenues —
Operating expenses
*
Railway tax accruals—
1944,
1,
Period End. June 30—
Pittsburgh & Lake Erie
during
//■•'/
1
Sales
■
1937
National
870.
p.
due
interest
bonds, due 1956, will be paid on that date at
Bank, New Haven, Conn.—V. 159, p. 974.
gold
£»r$173,287; total, $16,895,170.—
capital stock in treasury,
$3,849,499;
'
;
paid
;
.
"
*
•
sheet of
kilns, etc., $165,635; $5 preferred stock, $2,329,523;
(621,460.34 shares, no par), $6,124,444; earned surplus,
furnace,
blast
$2,785,681,
of
assets
ness.
cost,
at
30, 1944, shows total
compared with total current liabilities
a ratio of over 17 to
Vv
'
In the latter part of June the company made an offer to purchase
the outstanding capital stock of Gosnold Mills Corp., New Bedford,
Mass., as a source of supply of Grey goods.
In order to finance the
acquisition of Gosnold Mills, the company negotiated a 15-year unse¬
cured sinking fund loan of $1,100,000 with the Equitable Life Assurance
Society of the United States.
The balance of the purchase price
amounting to $648,900 is being taken out of working capital which has
been built up in recent years to a point beyond the needs of the busi¬
$395,000; accounts and notes receivable (less reserves of
$36 565 i
81,261,781; inventories, $3,031,168; trustee funds for addi¬
tions to'fixed assets, $47,500; sinking fund for redemption of bonds,
$106,634; miscellaneous Investments, at cost, $1,043,592; investment in
cubsidtary companies, not consolidated, at cost, $111,738; fixed assets
(net), $8,972,343; deferred charges, $270,747; total, $16,895,170.
Liabilities—Accounts payable trade,
$847,667; accrued liabilities,
$543,140; first mortgage bond sinking fund payments due within a
year
$200,000; other current liabilities, $121,549; first mortgage bonds,
4V2%- series A. due March 1. 1952, $2,887,000; reserve for relining
ities,
v-
of $155,426,
30, 1944
hand, $1,654,666; U. S.
banks and oft
1942.
;.v.
The balance sheet of the company as of June
and $283,008 in
current
dividends
and
"■
1942
in 1944, $263,362 in 1943
profits in the amount of $349,803
and excess
1.000,085
42,346
$711,570
fed. & State inc. taxes
Net
$7,772,070
$7,043,685
$0.42
and Federal taxes on Income
made for State
been
$0.47
$0.50
$0.50
shares—
has
> $128,052
*$141,505
300,-
on
common
♦Provision
$465,219
95,792
--—-
amort,, etc
sh.
for
:,
1938—
♦$151,381
$149,915
taxes
000
1942
385,870
79,348
Operating profit
'Other income
Interest,
Statement
1943
$9,966,748
1944
sales
Ilet
and
Earns,
Income
Consolidated
Ended June 30-
6 Mos.
addi¬
expenditures for permanent
75% of the cost of
the company's property.
to
up
lr'\
Year—
charges
aft.
profit
taxes
inclusive.
A''
bef. Inc.
1941
Dividends
sales, net earnings after
the calendar years 1937 to
following tabulation sets forth the net
income
1943
and
Sales, Earnings
of
Summary
The
■*;
1942
1943
1944
6 Mos. End. June 30—
Net
Act,—V, 124, p, 922.
Inc.—Earnings—
Powdrell & Alexander,
(Continued from page 988)
amount
provisions of the Holding Company
with
Monday, September 4, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1022
$23,454,581.
12,087,744
5,040,104
3,218,003
516,140
45,993
4,876,138
3,236.172
416,703
33,907
Estate, Cleveland.
originally sought to recover $15,000,000 from the de¬
fendants for alleged mismanagement and fraudulent transactions.The
corporation
went
into receivership -in
1939
after its assets had
•shrunk
from
$17,000,000 to less than enough to pay creditors.—•
V.
159, p. 2121.
•
•
Gross
from
Net
from
Net
ry.
railway™,.
railway
income™
oper.
From January
Gross
from
Net
ry;
Earned
1943
$705,113
239,678
v 157,891
590,938
455,522
209,633
150,948
141,268
119,828
4,722,178
1,309,419
1,781,793
1,194,207
959,384
1,101,383
2,943,674
3,549,302
923,337
date
for
rehearing
a
Portland
for
bankruptcy
Net
ry,
Gross
plan.
value
case,
from
the
would
court
of
$22,273,000 as of
the
1942
year-end,
in
rejecting all four plans. Favorable earnings since that time have com¬
bined with increasing value of securities to afford full coverage for
principal and interest on the Portland Electric income 6s of 1950. ; <
The SEC has filed
a
brief
in the Portland court opposing the recom¬
mendation of independent trustees for
the
ground that
laission
emended
v. ill
a court valuation of assets on
no reorganization plan is before the court.
The Comgiven the trustees until about Sept. 4 to bring in an
plan, and has indicated that if one is not forthcoming, it
has
offer its
™
actually
While
own.
take
the
it
latter
is
questionable whether the Commission
step if corporate trustees cannot meet
t?i deadline, it is likely that any action which the court might take
Will afford recognition of the SEC's position.—V.
160,
p.
122,
228.
The company is
to be dissolved under a plan filed Aug. 23 with the
Exchange Commission by Pottsville and its parent Con¬
solidated Electric
&
Gas
Co.
amort.
&
Consolidated
proposes
to
sell
inc.
(net)
Cr
debs., notes pay.
on
of
1,288,395
1,940,798
<1,120,609
68,024,020
66,947,471
21,583,146
22,674,515
57,370,791
20,742,428
8,728,180
11,240,370
10,971,991
43,895,349
14,704,155
9,091,004
___
income—_
-
.
:
121,940
23,937
80,113 '
38,603
180,179
40,414
575,000
800,000
for Fed. taxes
for
Prov.
*3,600,000
*2,150,000
Net
250,000
contingencies
profit
,
Earnings per com. share
railway
;
■
'
discount
deb.
income
on
4,286,341
3,323,428
590,635
..
8,091
-
2,099,795
1,114,169
railway
oper.
160, p. 669.
♦Includes
p.
provision
$1,710,079
$0.43
for
•
$1,515,255
$0.38
estimated
excess
——
$1,118,478 $1,851,138
$0.28
$0.46
profits taxes.—V. 159,
2123.
class A
common
of
class
Pottsville
(par $1).
and
A
stock
The
cumulative
stock
one
share
offered
was
convertible
The stocks
of
stock
at
common
initially
price of $8.25 per unit.
Transfer agent, Metropolitan
and
(par $1)
10,000 shares
offered in units of one share
are
$8.75
per
to stockholders
unit.
at a
9,
and
1937,
assets
Trust
accrue
Business—Company
and acquired,
of
directly
every
to
kind,
Reed
as
Chicago;
Co.,
was
registrar,
Metro¬
incorporated
of June 30,
subject
Drug
to
1937,
all
outstanding
Co.
Chicago.
Rokford
Ind.;
and
fountains
nor
lunch
counters
are
111.; and Gary,
pharmaceutical products,
sundries.
Neither soda
Springfield,
through which it sells at retail drugs,
smoking materials,
candy,
specialties
and
maintained
in
any
of
the
stores.
Company's principal business office is at 626 Huron Road, Cleveland,
Ohio.
railway
oper.
from
Net
from
ry.
income—
1941
1942
$3,284,309
2,034,922
277,173
338,862
78,507
279,444
21,684,725
13,006,653
14,665,033
8,012,457
—V.
8,079,829
3,197,114
2,372,946
1,760,328
1,630,757
22,597,649
railway
12,245,064
2,000,482
railway—.
oper.
$2,423,316
$1,209,614
1,450,311
530,612
income
160, p. 470.
Ritter Co.,
Inc.—Earnings—
Period End. June 30—
Profit
after charges
before
Federal
cess
$959,785
$560,817
taxes
income
1944—3 Mos.—1943
and
1944—6 Mos.—1943
but
$1,019,378
$1,807,481
836,000
1,574.275
ex¬
profits taxes, and
State
Company is engaged in maintaining and operating a chain of retail
stores located in Milwaukee, West Allis, Racine, Kenosha, and
drug
Wise.;
from
ry.
1943
1944
$3,267,873
1,684,641
railway
From January 1—
Net
in Delaware,
of the business
liabilities of the
Reed Drug Co.
(Wis.), and all of the outstanding capital stock of
the Fay Drug Co. (111.)
and Wood Drug Co.. (111.). Subsequently Fay
Drug Co. and Wood Drug Co. conveyed all of their assets, other than
leases, to the company and all profits from their present operations
History
and
Net
Net
Gross
and employees
politan Trust Co., Chicago,
Aug.
from
Gross
Floyd D. Cerf Co., Chicago, are offering the unsold portion of 10,000
shares
Potomac RR.—Earnings—
Richmond Fredericksburg &
July—
Janesville,
Pottsville (Pa.) Gas Co.—Dissolution Proposed—
Becurities and
$6,661,899
3,564,975
Reed Drug Co.—Stocks Offered—
company's assets.
Since this is a
have precedence over the SEC in
holders' committee, to $36,000,000 by the independent trustees. The SEC
value
4,342,673
3,576,963
1,196,941
46,751
exp.
gen.
/
assets
a
$8,916,703
3,344.138
the
less
recently indicated
ry,
—V.
as
and in formulating or approving a reorganization
than four estimates have already been made on the
assets, ranging from approximately $12,000,000 by a bond¬
No
of
19
from
the request made by independent trustees for
on
the
Ore., has set Sept.
1941
.
$9,500,466
2,965,422
income
oper,
1942
1943
$9,484,533
railway
railway
From Jan. 1—
863,665
Co.—Hearing Date Set—
Portland,
valuation of
court
the
valuing
at
Non-oper.
Est. prov.
1944
from
Net
Court
and its subsidiary as
company
■Earnings—
July—
1,051,763
;
>
District
S.
the
Amort,
Reading Co.
Gross
4,209,772
Portland Electric Power
U.
&
depl.
Deprec.,
Int.
sheet of
$2,532,288.—V. 160, p. 229.
Net
The
adm.
Sell,,
Dry hole losses & aband.
Net from
Income...
stock
common
on
balance
and advances
1—
160, p. 571.
share
per
& service.
of sales
Cost
stock
Preferred
revenue
of
railway——
oper.
Dividends paid—
Gross
,v 1941
1942
railway——
from
Net
profit
of
July 31, 1944, shows current assets of $7,782,693 and current liabilities
1944
$641,979
184,797
126,995
July—
net
Consolidated
Pittsburgh & West Virginia Ry.—Earnings
—V.
Consolidated
Heiner
Mr.
franchise
tax..
467,170
'
825,038
$233,206
$1.23
Notes—Depreciation amounted to $28,290 for the second quarter and
$59,580 for the six months ended June 30, 1944 as compared with
$28,290 and $56,580 respectively for the'corresponding periods of 1943,
Shipments during the second quarter of 1944 were 32.13% less than
Net
profit
Earnings per com. share
$93,647
$0.45
$134,647
$0.73
$183,378
• $0.89
„
months
six
,
stock
stated: "In the annual report for
substantial portion of the company's busi¬
ness
for that year was subject to renegotiation.
These proceedings
have
been concluded
and a final renegotiation agreement between
this company and th United States has been completed.
"After adjusting the company's accounts to give effect to the re¬
negotiation refund which has been agreed upon, the final net profit
after taxes for the year 1943 is increased by $34,444 from $506,597,
as shown in the annual report, to $541,041."—V. 159, p. 2014. ; v.
•
j
'
■
.
u
'
aggregate 77,600 pounds1 daily and will total 142,000 pounds
completion of additional processing equipment early in Septem¬
Feed production at a plant in Lawrehceburg, Ind., will be stepped
up from 152,400 to 200,400, and at Cedarhurst, Md., from 27,700
to
37,800 pounds a day, Mr. Kiefer said.
War
alcohol requirements have been consuming only 2%
of the
nation's grain supply, he added, and of this amount about one-third
serves a
double purpose through its subsequent conversion into live¬
Ries, President, on Aug. 28
J.
E.
which
feed
the farm.—V.
back to
goes
160,
A
Solar Aircraft
reorganization
company's
in
managers
!
first
Period End. June 30—
„
Operating revenues—
Uncollectible oper. rev..
^
1944—Month—1943
$571,456
$597,049
347
659
'
.
-
mortgage bonds provided in
the plan a fifty-year rather than a
revenues$571,109
• • . 285,292
Operating ' taxes
96,858
'
-
expenses
*
earned,
1544 ,,
Gross from railway
$11,154,875
Net from railway-..---<
3,994,337
Net ry. oper. income—
1,768,225
July—
$3,302,768
2,183,657
567,579
.
'
j
income
Net operating
—V.
75,051
$551,532
$576,961
414,632
.
387,536
,
Net
160, p. 669.
from
ry.
—V.
*Net
successor
railway——
cents
income—
29 declared a dividend of 15 cents per share
payable Sept. 25 to holders of record Sept. 11.
made on March 20 and June 26, last.
Pay¬
in 1943 were as follows: March 26, June 28 and Sept. 28, 15
each; and Dec. 21, a year-end of 70 cents.—V. 160, p. 871.
Federal
1,726,926 shares.—V.
Gross
oper.
selling
Net
$364,217
13,590
*8,342
*4,657
-Yy
income
oper.
ry.
$476,027
17,290
railway
railway
from
Net
eral
1943
$343,366
63,373
$397,699
92,239
r
73,769 i
Net
ry.
railway
from
Net
.
income
oper.
:" "Deficit.—V. 160, p. 770.
2,432,848
434,410
Int.
108,570
'
• •
/;
Net
ry.
railway
from
income
oper.
Net
ry.
■
'
Earns,
4,588,229
1,699,139
1,750,690
2,070,173
1,197,830'
f:
Railway—Earnings— ;;V
1944r—7 Mos.—1943 '
$9,772,771 $69,656,430 $63,247,470
1,124,507
9,316,743
7,107,628
1,594,755 12,496,371 10,701,380
2,907,360 22,120,496 19,547,167
484,099 r 3,751,592
3,319,767
2,183,303 • .».« 9,797,913 13,935,338
18,669
195,398
121,770
$1,663,082 $2,201,972
• .
5,485 .•
4,792
Income—
Total
1943
Deductions from income
$
$2,197,180
$1,657,597
99,444,836
80,072,292
70,720,273
52,531,485
15,384,004
18,188,788
'
•'. ' ;
..
"
13,535,371
9,890,606
9,947,268
11,383,119
604,081
718,354
9,847,000
760,332
2,104,000
31,. 1944, for
with $880,676
period last year.—V. 160, p. 571.---v
\
J-
1,500,000
.
at
>•
•
!u
(J•:
;
.•
period
7,699,011
*
$0.57
$0.41
14,507,369
2,572,404
5,368,007
com.
10,435,194
of
v
.
4,208,152
sh.
of
com.
$0.32
the
the
in
progress,
V
.
>
Safeway Stores,
„
30 (including
Inc.—Earnings—
profit after charges but before taxes
Prov. for U. S. & Can. income and
profits taxes
excess
Net
'.
Preferred
'Earnings
V.
M
l-V
July—
Net
,Net
oper.
ry.
Y,
■
■
1944
$223,560
"14,721
>Y
T
*63,887
income
•Net
V
oper.
ry.
1943
$224,707
43,726
*4,166
.
1942
$148,519
*278
1941
$119,723
5,097
*40,247
*26,455
1,539,783
*5,604
1,425,345
314,396
3,131
775,821
47,904
*173,687
962,114
38,227
*384,589
railway
from
,
—
RR.—Earnings—
*250,046
income—
Federal
tProfit.—V. 159,
Y\;
$0.60
Line
Schenley Distillers
at
protein
jCarl
products recov¬
reuse as highlivestock feeds will be effected within the next few months,
Kiefer, Vice-President in charge of production, announced on
nearly 23% in the amount of grain
corporation's plants for conversion and
increase of
An
J.
the
AUg. 31.
:'Y
"
expansion of by-product recovery
-operations will boost to approximately 122,263 tons a year the amount
of grain products thus returned to farm markets by the company to
help alleviate the acute wartime shortage of feed for cattle, poultry
The
and
increase
made
possible
by
hogs.
Five of
,
$0,065
Income
p.
1944—12 Mos.—1943
$60,239
$311,629
1944—3 Mos.—1943
$79,451
t$79,535
-■
taxes
t$0.26
$0.05
t$0.07
>
depreciation but before
and
depletion.
the company's
plants in Kentucky
and one each in Indiana,
process
vide
a
Feed
These residues, when dried and processed,
is rich in proteins, solids and fats.
by-products recovered at a company plant at Schenley,
is completed.
livestock
pro¬
diet which
Pa.,
.
$966,355; Federal and State Income
taxes accrued, $344,819; miscellaneous
year,
one
directors
to
share on
payable Sept. 26 to holders of record Sept. 11. In
of 50 cents and a special dividend of
stock,
common
Sugar Co.—$2.50 Dividend—
29 declared a dividend of $2.50 per
Aug.
on
interim dividend
an
per
July 1, last, received a special distribu¬
share out of net profits of Russell & Co. in which
Southern Natural Gas
See also V. 159. p. 2311.
made Aug.
29
of capital stock (par $7.50) was
the New York Stock Exchange at $17
on
share with a commission of 35 cents. The shares,
by Shields & Co. were over subscribed in
per
fered
largest allotment, 10
the
$100,000 annually July 2, 1955 to
Southern Pacific Co.—Earnings of Company—
'
1944
July—
Net
Net
ry.
From January
Net from
;
railway.
thereafter up to and including
101 plus accrued interest, and thereafter at 100 plus
accrued interest until the final maturity.
Coupon bonds in denomina¬
tions of $1,000 and $500, registerable as to principal only.
TrusteeLondon & Western Trusts Co., Limited.
•
.
; -■
In the opinion of counsel, these bonds will be a legal investment
for funds of insurance companies registered under the Canadian and
British Insurance Companies Act, 1932 (Dominion).
The proceeds of this issue will be used to redeem the outstanding
balance
of
4%%
first
(closed), mortgage bonds, for contemplated
expenditures,
and
for
general
corporate
purposes.
Of
the
of $1,500,000 first (closed) mortgage bonds, there are
at present outstanding $1,200,000, of which $100,000 were to mature
on
Jan. 2 in each of the years 1945 to 1947, inclusive, and $900,000
were to mature on Jan. 2, 1956.
These will all be called for redemp¬
tion
issue
plus accrued interest as
103
at
Net
•
of Sept, 30, 1944.—V. 160, p. 770.
Singer Manufacturing Co.—Extra
An extra
of
$1.50
able
dividend of $1.50 per share
on
160, p.
Southern Ry.— -Earnings—•• ■
1944
' /'
July—
Y'
dividend
capital stock, both pay¬
Like amounts were dis¬
in each quarter during
and the usual quarterly
-1943.—V. 159, p. 2629.
Net
from
Net
ry.
first mortgage 6% bonds due 1951, have been
called for redemption as o( Oct. 1, next, at 101 and interest.
Payment
will be made at the Continental Illinois National Bank & Trust Co.,
Skenandoa
So. La Salle St., Chicago,
Rayon Corp.
Regis Paper Co.—Minority
111.—V. 159, p. 1190.
—
Control Acquired by St.
Stockholders Offered $10 a
Share—
See
St.
Regis
Paper
income.
...
'
•
«
'
'
.
i
Net
from
:
Net ry.
Co.
oper.
income.
...
•••'.
.
earnings
Gross
—V.
.
_
$6,623,318
above.—V.
159,
p.
976.
-.
$6,462,611 $220,079,534 $203,355,390
160, p. 871.
from
Net ry.
1941 "
1943
1942
$174,533
$155,327
$173,675
railway—...
54,467
61,309
95,104
44,780
income—
20,329
23,143
27,660
33,984
1,223,091
383,714
1,206,613
754,688
538,253
603,094
323,563
166,391
138,544
194,270
179,983
101,279
railway
from
Gross
Earnings-
1944
July—
Net
.
76,183,909
28,039,930
17.697,667
—Jan. 1 to Aug. 21—
1944
1943
—Week End. Aug. 21—
1944
1943
Period—
2,880,389
2,769,765
•
107,775,421
66,821,935 43,743,720
20,431,348 20,749,391
61,122,430 '
19,154,700
...
1941
4,704,623
8,232,959
.
1—
railway.. .iJ 150,836,179 141,006,688
railway....
~ :
<
1942
$17,899,775 $12,119,359
3,083,062;':
2,588,740
...
oper.
$101,259
From Jan. 1—
from
Net
Net ry.
—V.
railway
from
Gross
railway
oper.
160,
p.
income
471.
Standard Accident Insurance Co.,
Insurance
Detroit—Plans Fire
Unit—Offering to Stockholders
Proposed—
has announced a special meeting of stockholders to be
held early in October to decide whether the company should enter the
fire insurance field through the medium of a new company to bo
organized for the purpose.
The stockholders will also be asked to approve an increase of 175,938
in the authorized capital stock, thereby doubling the present capi¬
talization.
It is contemplated that the 'stockholders will be offered
YvThe
company
right to subscribe, at $10 per share, for one new share of common
for fiach share held of record on a date to be fixed by the
' ' ; ' Y ■
:
'■•' •- : —
"It
is anticipated, subject to changes in the company's earnings
and other factors
affecting dividend policy, that dividends on the
increased amount of stock to be outstanding will be at the annual rate
of
$1.45
per
share," said Charles C. Bowers, President.—V. 158,
the
stock
board.
.
2621; V. 157, p. 646.
Standard Dredging
Corp.—Special Offering—
$1.60 convertible preferred
the Chicago Stock Exchange
& Co. Odd lot subscriptions
66%% of their subscriptions.
special offering of 4,000 shares of
stock 1 par $20) was effected Aug. 24 on
A
by David A. Noyes & Co. and Cruttenden
were filled in full.
Others were allotted
160,
p.
366.
;
Co.—6% Bonds Called—
All of the outstanding
trustee, 231
railway
oper.
from
Gross
—V.
Sioux City Service
successor
railway..
from
Gross
'
;y
1943
$21,621,716 $20,336,963
8,453,558
9,458,113
...
Distribution—
share have been declared on the
14 to holders of record Aug. 25. *March 14 and June 14. last, and
per
Sept.
bursed
income
871.
oper,
ry.
Spokane International RR.-
1958, at
capital
123,794,948
41,235,702
26,287,403
1—
railway
from
Gross
at 102 plus accrued interest up
including July 2, 1948, and thereafter
to
and including July 2, 1954, and
July 1,
8,038,245
5,521,647
15,995,822
4,472,991
'
1964.
half-yearly interest (Jan. and July 2) payable in
lawful money of Canada at
the principal office of the company's
bankers in Toronto, Hamilton, London, Montreal, St. John, Halifax,
Winnipeg and Vancouver.
All maturities of this issue are redeemable
in whole or in part (prior to their final maturity in each case at 100
plus accrued interest) at the company's option on 60 days' notice at
any time as follows: the first six maturities at 101 plus interest; the
seventh to fenth maturities, inclusive, at 102 plus interest up to and
including July 2, 1948, and at 101 plus accrued interest thereafter;
the eleventh to twentieth maturities at 103 plus interest up to and
••
$21,442,885
13,405,306
6,252,265
287,041,974 267,389,049 190,909,185
89,733,019 108,070,666
70,969,770
23,074,955
37,700,951 35,215,789
income—
oper.
1941
1942
1943
;
13,755,111
3,523,217
railway
from
.
$42,185,909 $41,569,162 $32,052,292
railway
from
Gross
and
Principal
1,185 was
the^sjnallest.-r-V. 160,, p. 871.
There were 34 purchases by 14 firms;
49.1%.
.
Offered—Harrison &
of¬
the
elapsed time of 15 minutes. Bids were received for 12,205 shares and allotments were made on a basis of
From January
bonds, series A to 100 and interest to yield from 3.75% to
4% according to maturity.
The bonds carry coupons of
2V2% to 4% and mature $80,000 annually July 2, 1945 to
1954 and
Co.—Special Offering—A special
offering of 6,000 shares
2456.
,
Pennsylvania and Maryland already are recovering daily more than
547.000 pounds of stillage, the residues remaining after the distilling
expenses
/
payable,
$59,600;
within
—V.
Co., Ltd. and R. A. Daly Co., Ltd. recently offered in the
Canadian market an issue of $1,800,000 1st mortgage
Feed
By-Products 23%—
prepaid
$658,226;
they have a beneficial interest.
p.
Corp.—To Boost Recovery of
investments,
depreciation,
construction
and deferred charges,
of
valuation
for
reserve
$1, the common stockholders on
Mines Co.—Earnings—
"Deficit.—V. 160, p. 571.
ered
(less
South Porto Rico
$816,386, compared
to
accruals.—V. 160, p. 471.
Silverwood Dairies, Ltd.—Bonds
original
f i From January 1—
Gross from railway
Net
stock
i
railway
from
$1,832,920 $2,169,613
535,333
534,385
846,885
846,889
846,891
$2.64
$1.53
$1.93
Uvalde & Gulf
railway--—.
from
Gross
common
571.
160, p.
San Antonio
3,278,040
1,333,990
3,288,786
share
per
$3,166,910 $5,447,653 .
$2,773,470
533,964
-
dividends
Outstand. shares of
$6,062,247
-—
profit
1942
1943
1944
Ended June 30—
retirement reserve
Loss per share.:
"After
U, S. Government securities) amounted to
$2i754,672, as against current liabilities of $501,240. It has a present
production capacity of 8,000,000 pounds of yarn.
After the war,
anticipated expansion will increase capacity to approximately 20,000,000 pounds annually, according to Mr. Ferguson.—V. 159, p. 2456.,
-
6 Months
$4,180,869;
hand,
cash on
and
other
customers' deposits, $28,765; annuities and claims
$106,262; annuities and claims due after one
year,
$788,364; reserve for replacement of depleted inventories of
crude
oil and
other contingencies arising from the war, $891,916;
reserves
for
future
supplemental' compensation of employees other
than executives,
$253,257; other reserves, $135,573; deferred credits,
$40,824;
capital stock
(par $25), $25,000,000; surplus, $11,509,713;.
total, $40,864,754.—V. 160, p. 364.
quarter
Period End. June 30—
$1,857,559
v
banks
in
$744,306;
accrued,
accruals,
S.
U.
"Net loss
announced that the company
$5 par
share.
The holders of the remaining 25%
of the stock have been offered
the same price, the offer to expire at 3 p. m. on Sept. 30.
The Skenandoa concern also has outstanding 5,227 shares of cumu¬
lative prior preferred stock, par $100, and 55 shares of class A pre¬
Skenandoa company as of June
for
$920,508; inventories, $2,407,583; other receivables^
Liabilities—Accounts
7,829,946
June 30, 1944, net income of Shell Pipe
a
Silver King Coalition
President, on Aug. 24
stock, par $100.
Current assets of the
in cash and
deposits
investments
tion of 90 cents
,
$0.19
7,228,950
; "Y Y''
>
$0.80
$0.55
$1.08
"After
acquired 261,589 shares (75%) of the 343,541 outstanding
shares of common stock of Skenandoa Rayon Corp. at $10 per
ferred
by
year
necessary
profits tax.
accounts receivable,
addition
Sierra Facific Power Co.—Earnings—
31—
1944—Month—1943
1944—12 Mos.—1943
revenues$222,002
$208,428 $2,626,173 $2,516,654
"Gross income
52,215
51,973
685,752
699,935
Net income
44,028
43,824
580,538
596,638
$9,959,308 $14,022,331
■
$No provision
$3,500,000), $6,016,401; fixed assets (less reserve for
depletion and amortization of $95,867,914), $14,064,033;
the
—_—
Period Ended July
has
I:
returns.
tOne-half of
completed tax returns.
$1.20
calendar
for
taxes
>
shown
as
Consolidated Balance Sheet, June 30, 1944
$296,250;
The
Operating
Textile Field—
St. Regis Paper Co.—Enters
Roy K. Ferguson,
total
tax
1942
calendar year
the
for
taxes
total
■
$9,993,310 $14,057,108
34,003
34,777
estimated income and excess
in month ^and $5,057,245 in
period Jan. 1 to July
profit taxes compared
1,000,000
$2.54
7
750,000
-
'800,000
deposits in banks, $1,884,081; U. S. Govt, and State Govt,
including $109,653 pledged as security for taxes and claimaj
amortized
cost ($9,824,515.10 at market quotations),
$9,701,868;
757,817
1,839,700
12,403,000
June 30——
During
1944, and $8,449,239 in
in. July,
$1,919,000
of
deductions
of
'
taxes
.
^
charges
"After
1,000,000
$1.99
1,000,000
$1.76
—
fixed.
for
avail,
$453,197
1,000,000
•
shown by
as
—
Bal.
$1,795,686
share-___
per
Federal excess
ended June 30, 1944, agreement was reached
Navy Price Adjustment Board in respect of renegotia¬
tion proceedings for the year 1942 for the payment of $500,000, less
appropriate tax adjustment applicable thereto.
After giving effect to
the tax adjustment, the balance of $95,000 was charged to income.
Renegotiation proceedings have been initiated for the year 1943 and
the preparation of schedules and data in respect thereto Is in progress.
The 1944 earnings include income derived from contracts with depart¬
ments and agencies of the U. S. Government and are, therefore, sub¬
ject to the provisions of the Renegotiation Act.—V. 160, p. 230.
1944—Month—1943
revs
oper.
$
wholly owned subsidiary, amounted
With $816,386 in 1943 and $600,359 in 1942.
;
$10,983,570
Maint. of way & struc.
1,319,317
Maint.
of equip.-1,862,001
Transportation exps.
3,120,674
Other
expenses
550,736
Net
ry.
oper.
inc.--1,628,848
Other
income
34,234
"Total
$1,193,240
stock outstdg.
cap.
completed
•
64,688,289
the quarter ended
Corp.,
with
" '
$
•
1,500,000
sh.
per
For
.
Period End. July 31—
1941
27,323,966
stock
.
6,865,167
3,060,138
•V St. Louis-San Francisco
1942
72,120,870
——
ended
9,855,688
5,510,372
income
oper.
V; 160, p. 571.
231,798
$1,203,197
.750,000
Net inc. for the six mos.
1,620,251
railway
from
Net
,
"847,377
$2,545,686
$906,912
Earnings
ad-
post-war
per
stock
i563,540
$1,993,240
$734,934; total, $40,864,754.
1943
; :
deplet.,
Net income for
Earns,
11,963,019
6,006,221
railway-
from
.^VyY Y,'YY'
■;
1—
From January
Gross
—;
charges.
87,456,705
justments
,
1944
railway
from
Gross
Net
other
and
reserves
$1,074,358
$0.62
$35,741,463
amort, of disct. & exp.
for
$206,900
Y
debt and
funded
on
Prov.
Mexico Ry.—Earnings—
, 1943
•>}.; 1942
Y 1941
' $1,474,847 ; $1,131,402
$732,403
$466,455
632,598
384,222
237,020
81,458
188,320
112,885
109,646
53,781
'
July—
Shs.
203,911
in¬
Surplus
due
expenses—
$3,393,063
securities,
gen¬
Prov. for Fed. inc. taxes
St. Louis Brownsville &
.r •
and
intang, devel. expend.,
amort,
and aband—
2,136,482
230,169
314,768
2,590,872
253,378
126,979
2,865,862
155,436
"12,260
railway
from
Gross
1944
123,198,168
earns
Prov. for deprec.,
49,877
-
rates,
159, p. 2311.
„
Gross inc. from oper._
,
From January 1—
u.
present
Y$
■■
1941
1942:
1944
/
from
Gross
■v
work
3 Mos. End. June 30—
Rutland RR.—Earnings—
July—
at
$1,058,976
r'
$0.61
$0.24
$0.04
taxes
Dr223,694
$2,556,780
time
1944—9 Mos.—1943
1944—3 Mos.—1943
$79,378
$417,662
,.
Shell Union Oil Corp. (& Subs.)—Earnings—
capital stock,
$1,434,995
140,762
$1,706,912
800,000
;
—
Costs,
-
57,482,890 36,536,486
21,547,481 v. 9,500,018
16,485,264
6,036,665
770.
p.
profit
tOn
.Similar distributions were
ments
1941
$5,064,943
1,375,344
1,016,451
; ■
r
81,660,753
37,065,762
21,575,439
83,981,305
32,616,959
13,396,384
tEarns. per com. share-
The directors on Aug.
the
3,910,019
1,406,868
..
Period End. July 31—
15-Cent Dividend—
(The) Ruberoid Co.—To Pay
on
: -
$9,092,474
3,950,217
.
3,208,440
$9,949,585
1—
railway
oper.
160,
"After
-
State
taxes
come
Assets—Demand
for
called
1942
1943
.
Servel, Inc.—Earnings—
1, 1928,
100 and
6% serial gold bonds dated Oct.
redemption as of Sept. 25, 1944 at
interest.
Payment wiil be made at the Irving Trust Co.,
trustee, One Wall St., New York, N. Y.—V. 129, p. 3180.
outstanding
the
of
been
and
Federal
Corp.—To Redeem Bonds—
Rubel Coal & Ice
All
have
from
Gross
Net
62,306
income
Net
$101,846
>$88,959
.
$1,231,084
$3,176,605
216,458
$1,913,812
"One-half
From January
10,726,892
$2,780,474
Dividends
"17;
Earnings for July and Year To Date
3,934
(
13,274,934
Othisr inc., less other exp.
be seventy rather
Payments into the capital fund would be mandatory,
rather than discretionary.'
$3,306,702
$3,428,977
2,071
$596,390 $3,426,906
378,316
2,268,346
116,228 Y 581,599
Operating
Operating
if
1944—6 Mos.—1943
■-
13,586,646
~
$1,773,051
than fifty years..
5
...
-
.
'
12,187,425
Profit
forty-year issue, and life of the income bonds would
Corp.—Earnings—
Rochester Telephone
.
$13,960,476 $16,367,120 $16,451,539 $11,957,975
sales————«,
the plan proposed by the ICC would make the new
in
share has been declared on the common
per
Cost, expenses, deprec.,
depletion, taxes, etc._
A
hearing on the petition has been set for Sept. 8 in Baltimore by Fed¬
eral Judge W. Calvin Chesnut.
;•
The changes
Co.—Larger Distribution—
cents
Oil Co.—Earnings—
South Penn
Net
District Court.
S.
U.
15
of
(Including Wholly Owned Subsidiary, South Penn Natural Gas Co.)
6 Mos. End. June 30—
1944
1943
1942
1941
Commission
Commerce
the
! \
dividend
A
stock, payable Sept. 15 to holders of record Aug. 31.
This compares
with 19 cents per share paid on March 10 and June 15, this year,
and on June 15 and Dec. 15, 1943.—V. 160. p. 230,
.
adoption of the changes made by the Interstate
in the reorganization plan has been filed by
asking
petition
...V'
871.
p.
Plan—,v
Seaboard Air Line Ry.—Hearing on
it was stated that a
1943,
'
.
after
■'
Concluded—
Renegotiation Proceedings
,
,
ber.
'1
-Y •'■■■.
Y:'
-
,
now
1943.
Shipments made during the first
than those for the same period a year
less
32.03%
were
■'
Current assets amounted to $7,140,945 on June 30, 1944, including
cash on hand in banks and Government securities of $4,576,827.
Cur¬
rent
liabilities,
including provision
for Federal and other taxes,
amounted to $3,610,854, a ratio of 1.98 to 1.
ago.
-V
•
•
,
those for the same quarter of
1023
THE COMMERCIAL' & FINANCIAL CHRONICLE
Number 4313
Volume 160
Standard Factors Corp. of New
Charles
H.
Lehman,
formerly
York—Appointment—
President
has joined Standard Factors Corp.,
newly created Business Counsel Department
Corp.,
assist
manufacturing
concerns
through
of Dictograph Products
where he will head the
which has been set up to
the
post-war
reconversion
Kny-Scheerer
period. Mr. Lehman has also served as President of The
Corp. and the Auto-Knitter Hosiery Co.
„
In announcing the appointment, Theodore H. Silbert, Executive VicePresident and Treasurer, said that the corporation had also obtained
steps
issuance of $340,000 in bonds and pre¬
assets are now $2,310,977.
These re¬
clients in connection with reconversion
and other business operations.
Under the direction of Mr. Lehman, the new Business Counsel De¬
Total
stock.
,
is
The
Telephone Bond
be taken for these lines without relaxing our primary job,
produce the war goods required by the army and navy,"
can
which
to
Knowlson
to
available
be
will
sources
the
current
funds through
additional
ferred
reported.
figures
'
V received
profit on sales™-Administrative, sales and service expenses—
—_______
Profit
Other
Net profit for the period
for post-war plant
would
Electric
go
$6 prior prefer¬
of $4 preferred
would show that, 76,80% of
the new common would go to the $7 stockholders, 18.12%
to the $6
stockholders and 5.08% to the $4 stockholders,
\
output
the
companies in
operating
utility
public
the
of
Petroleum
subsidiary will operate all
foreign properties, virtually all
particularly in Colombia
and
of Richmond
directors
be
will
in
Co. are: H. D.
Petroleum
160, p. 872.
Francisco.—V.
San
•Net
shs.
t$27,868,559t$22,079,417 $19,390,526 $21,763,134
15,284,869
15,284,889
15,284,915
15,271,982
$1.82
$1.44
$1.27
$1.43
profit
Earnings
share
per
•After
taxes,
outstanding-
depletion, Federal income and excess profits
for Federal income taxes and $4,229,967 for
depreciation,
tAfter
$9,903,452
fAfter $15,084,762 for Federal income tax
excess
profits tax.
excess
profits taxes of $5,721,378.—V. 160, p. 671.
Nebraska
of
-
(Nebraska)—Court Rehearing Asked
Standard Oil Co.
The
including
Court,
Supreme
which
July 28 dismissed charges
to Standard Oil of Indiana,
on
conspiracy in the sale of the company
asked Aug.
18 to rehear the case.
Attorneys for Edgar H. Rettinger and Edward J. Peterson, who
brought the original suit, asserted in their brief the July 28 opinion
"completely overlooks and consequently
fails to apply the "unjust
enrichment' rule" and that "in holding that the price was adequate
was
the
has
court
current
receipts."—V.
market value of the stock and has
value, particularly the value of the net
572,
only
considered
wholly overlooked liquidation
160,
p.
Staten Island Rapid Transit
July—
from
Gross
Net
from
Net
ry.
Paul
railway
income
oper.
from
Net
from
Net
ry.
$431,832
$214,019
$149,432
219,924
64,000
19,541
27,116
•13,189
3,113,880
2,369,653
1,417,874
1,059,555
755,537
645,084
income—
oper.
1941
1—
railway
railway—
•Deficit.—V.
;v
ing
1,019,652
1,320,907
130,488
301.114
41.010 V ,•108,117
Federal
plans
The
Net
airplane
discontinue
will
company
With
production
engine
in
Net
sales
of
pre-war
admin,
45,604
Income credits
2,355,161
Crl37,751
3,069,078
49,916
39,834
JDr60,166
1,957,978
47,709
Crl45,700
2,095,173
exp
Net
inc.
Aug.
on
idends
1
19,426
89,432
pfd.
*
$2,625,125; U. S. Treasury tax savings notes, $330,799;
accounts receivable (less reserve of $209,477), $1,246,600; life insurance
benefits due from insurance companies, $100,144; inventories, $986,130;
life insurance—cash surrender value, $2,709; investments and sundry
assets, $77,761'; furniture and fixtures, automobiles, trucks, etc. (at
cost
depreciation),
$45,989; improvements to leased property (at
amortization), $121,459; deferred charges, $35,828;
total,
less
$5,572,544.
$123,994; 6%
accrued expenses, etc.,
cumulative first preferred stock ($50 par), $999,500; 5%
non-cumulative
441,230;
second
preferred stock ($20 par), $369,420; common
par), $298,108; capital surplus, $900,565; earned surplus, $2,for contingencies, $210,763; reserve for possible future
■,
inventory price decline, $75,000;
total,. $5,572,544.—V.
160, p. 771.
stock^___
ad
share-—
valorem
and
June
•Net
profit
per
$1,737,334
share_
com.
•After all
$0.99
$1,529,113
$0.87
-.
$2.57
charges and taxes.
Frederick
reported
Stearns
the
for
8c
acquired by Sterling
Co.,
$2.24
1944
periods
do
net
not
include
assets
and
earnings
business
of
were
30, 1944.-'
Listing of Additional Capital Stock—
The
New
additional
issuance
York
Stock
shares
part
as
of
of
Exchange has authorized the listing of 11,000
stock (par $10) upon official notice of
consideration for the acquisition of all the
shares
of
F. Ballard, Inc. (Mo.) making the
capital stock applied for 1,829,295.—V. 160,
Affiliated
(Including
for
the
1944
half-year
were
14%
ahead
of
the
same
Knowlson, President and Chairman of the board, in letter
to stockholders, reveals that the overall result of war contract can¬
cellations, plus new contracts, at present shows a net decrease of
about 28% in the corporation's order backlog, since Dec. 31,
1943.
The backlog order position currently
amounts to $80,000,000.
"While the company is laying plans for the resumption and en¬
largement of peacetime markets for its regular products, no definite
stock of Snowden & McSweeney.
'
"
minority
2,212,192
858,643
:
7,466,140
40,686,480
17,242,757
78,096,409
35,098,114
9,561,754-
railway
railway
l'/4%
1941
$4,941,685
1,661,507
•-
1,055,993
51,375,518 :
3i,951,726
22,750,934
10,474,504
10,692,428
6,377,508
2,153,157
Aug. 29 declared an instalment of interest at the
Third Avenue Railway adjustment income 5%
on
the
on
The payment will be made on
160, p.
572.
'
(& Subs.)—Earnings—
Thompson Starrett Co., Inc.
•Net
Oct. 1, 1944, on coupon No. 45..
•
'
July 31, '44 July 31, '43 July 31, '42 July 31, '41
$74,622
t$18,943
t$77,691$43,289
loss
'1
*After charges
fProfit.—V. 160, p. 231.
and taxes.
William
from
Profit
Gross
sales,
(less
oper.
admin,
&
from
Income
other
earnings
Depreciation
Federal
normal
excess
tax
(est.)
-
profits tax
(est.)—.
for
313,134
73,000
$1,825,410
■
•
200,000
1,159,000
700,000
227,343
129,676
net
70,790
75,627
Crl35,900
Nil
$1,165,297
of
$1,093,749
862,855
$1.27
$645,396
887,355
$0.73
ex¬
(est.)
earnings
•Consolidated
862,855
$1.35
stock
share
•Net
earnings per
earnings
contract
prices,
the
that
ended
estimated
company.—V.
shown
are
except
months
6
160,
for renegotiation of war
the earnings of the Canadian company
30, 1944, included therein, are stated
for renegotiation has been- set up by that
before provision
June
reserve
p.
1942, from contracts and subcontracts
renegotiation pursuant to section 403 of the Sixth Supple-'
Defense Appropriation Act,' 1942, as amended.
National
At the present time this company is preparing financial and other
data requested by. the Reconstruction Finance Corporation Price Ad¬
justment Board for the purpose~"of determining whether or not this
company realized excessive profits on products sold to agencies.of the
U. S. Government during the calendar year 1943.
'
74,711
400,000
Crl89,050
refunds
taxes
profits
cess
$1,512,276
$2,887,982
$3,639,734
134,874
476,000
1,839,000
141,339
72,274
been
the Navy Department Price Adjustment Board that it has
that this company has not realized any excessive profits
the fiscal year Dec-. 31,
subject to
$3,299,866- $2,602,667
339,868
285,315
and U. B. Boucke, Vice-President
President,
'
en¬
expenses)—
sources
by
found
mental
1942
1943
Humphrey,
Renegotiation—In a letter dated July 13, 1944, the company has
.
during
1944
E.
and Controller, state in part;
been
366.
Debt—Company's total funded debt-amounted to $31,036,400
Funded
as
at June
30,
1944, this debt had been reduced to
By July 13,
1944.
,$30,436,400, and on that date the board of directors authorized:
.
(a) The redemption on Aug. 14, 1944,. of $3,800,000 serial notes
maturing Aug. 1, 1945,' and Aug. 1, 1946, using company funds therefore
(b) The creation and issuance of $24,500,000 of serial notes of the
company due 1945-1954 .to be dated Aug. 15, 1944, and to bear interest
at varying rates averaging over the life of the issue approximately 2%i
(c) The sale of
the principal
(a)
The
the
new
serial notes
due 1945-1954 to
14 banks
at
amount thereof plus accrued interest to date of delivery.
redemption of the $16,500,000
15-year 23A%
debentures of
the company due Aug. 15, 1955; and the redemption of the balance of
$8,000,000 of the issue of serial notes due 1941-1950, using the proceeds
received
from
the
sale
of
and general funds ofj
which involves the payj
'
" " ?
;;
"
Aug. 21,. 1944, has been fixed as thes closing date for the sale of
the new notes and the redemption of the securities now outstanding;
As a
result of
this refinancing,
the amount of interest chargeable
against earnings of the company over the 10-year life of the newissue, after payment of all expenses incident to the refinancing, will
the
to
company
ment
of
the
note
new
accomplish such
issue
redemptionj
premiums totaling $482,500.
,
•
Tennessee
Corp. (&
Subs.)—Earnings—
consolidated
Federal
profits
and
1944
income
State
1943
$2,187,105
$1,971,322
1,635,000
1,250,000
'
6 Months Ended June 30—
•Estimated
income
taxes
taxes
be
and
•
i.
.
year.
James S.
...
2,778,384
tOn
Canadian Company)
6 Months Ended June 30—
excess
Stewart-Warner Corp. (& Subs.)—Earnings—
Shipments
$0.20
taxes.
Superheater Co.—Earnings— ;
Estimated
period last
$408,419
capital
the
Co.—Proposed Acquisition—
1—
Directors
of
bonds.
advised
after such
outstanding capital stock of James
toted number of
$446,715
38,296
1944, Darby Petroleum Corp. was merged into Sunray
only the 18-day period of consolidated operations be¬
date of the merger and June 30, 1944, is included
in the above figures.—V. 160, p. 872.
~, '
.
- .
for
always
Third Avenue Transit Corp.—Interest Payment—
The
rate
12,
Outstanding shares of com.
.,
Detroit, whose
on June
2,074,223
3.48,616
515,700
200,000
but
Consolidated
Earnings
1943
$3,934,211
$4,504,907
income
open
from
from
Net
the effective
Post-war credits
1944—6 Mos.—1943
1944-3 Mos.—1943
not
$3,585,254
_
production
gross
Earnings applic. to minority inter.,-
Sterling Drug Co. (& Subs.)—Earnings-
Earns,
ry.
Prom January
Net ry. oper. income
—V. 160, p. 572.
$0.21
.
Dominion & foreign inc. taxes (est.)
Period End. June 30—
is
1943 '"•••-• 1942
* "
1944 h
$9,266,412
railway.™ $10,683,213 $10,969,009
5,558,256
4,744,521
railway™™
4,460,690
from
Net
,,
$593,089
requirement—
common
Federal
reserve
it
Tide Water Associated Oil Co.—Semi-annual Report—
gineering
Liabilities—Accounts payable—trade, $153,963;
stock ($1
to
Corp.,
tween
Assets—Cash,
less
dividend
Including
On
—
reasons
from
Gross
Net
Gross
$640,017
;•*
46,928
profit
tEarnings per common
Oil
cost
for
of
3 Months Ended—
•
375,678
Texas & New Orleans RR.- —Earnings—
July—
shares.
Condensed Balance Sheet As At June 30, 1944
mechanical
13,833 Vz shares
159, p. 2238;
—V.
•
—
$2,088,115
*
the
for
2,939,109
454,948
800,000
235,000
abandonments, etc
and depreciation
int.,
depletion
Prov. for Fed. & State taxes based on inc.(est.)
32,430
31,719
31,240
18,771
89,432
2d
paid
Common div. paid
1,868,605'
$1,601,871
375,678
$188,107
special
—V.
$5,069,074
products sold, operating & gen. exps
deductions,
Balance
29,985
paid
non-cum
dividends
$3,956,720
-
meeting of the stockholders has been called for Sept. 29
to vote on-approving the absorption of the Snowden &• McSweeney Co.
In the event of approval, the Texas Gulf Producing Co. will cancel
the 27,666%
shares of Snowden 8c McSweeney acquired on May i,
at a cost of $2,653,658, and will exchange 125,124 shares' of its stock
$462,630
$279,749
$533,739
$577,133
1,943,878
to pfd. stock for period
Texas Gulf Producing
Drl62,276
prov.
-
25
income
of
Reserves
pfd. div¬
152,095
.
$116,972
160, p. 231.
A
car
companies.
Preferred
tax)
first
cum.
5%
(bef.
prof.
Fed.
6%
$3,454,749
$340,202
154,118
income
the
owned by the corporation and its subsid¬
the recent mergers with Superior Oil Corp. and Darby
and all of the properties formerly owned by the latter
prior to
Net
$3,933,450
23,270
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
x
*
*7
_
Petroleum Corp.,
•Cost
$3,416,975
• 37,774
$270,090
NOTE-—For
and other assets
properties
Other
operating exps.
Gen. &
$3,733,818
$338,144
2,058
possible
announced the dissolution effective as of
June 30, 1944, of its wholly owned subsidiary, Sunray Oil Co. of Okla¬
homa, and the acquisition of all of the assets and the taking over of
all of the liabilities.
C. H. Wright, President, stated that as a result
of the dissolution of this subsidiary, corporation now owns all of the
Gross
1941
1942
$2,744,992
$2,393,727
and
$266,587
3,503
order.
production, Mr. Hoffman said, it is expected that
will have a payroll of between 14,000 and 15,000 compared
8,000.—V. 160, p. 872.
doubled
1944
1943
1944
$2,580,159
_—
sold
goods
■'
1,000,000
charges
Dividends applic.
—V.
Earnings for Six Months Ended June 30
6 Mos. End. June 30—
1,000,000
ends,
the company
iary
83,338
-
factory
war
a
83,333
income
Gross
ding when it goes on sale.
to
,
revs
oper.
Interest
owned by the Defense Plant Corporation as soon as
Mr. Hoffman said, but the management doubts that
Studebaker will be able to retain it in the face of expected brisk bid¬
the
Sterchi Bros. Stores, Inc.—Earnings-
Cost
taxes
Other income (net)_
(Sunray Oil Corp. and subsidiary Sunray Oil Co.)
Net
expenses
appropriation l-'.
for
i
■
$1,048,706 $13,193,019 $11,577,263
439,605
5,669,917
4,722,640
233,482116,477
2,265,471
1,049,724
-69,633
71,146
840,656
871,449
$1,142,872
489,837
revenues.^—
Operating
that when the European war ends all limitations
will be removed, Studebaker has already put,
in orders for standard machine tools which should be delivered about
the middle of November, it was revealed by Harold S. Vance, Chairman
of the Board.
These tools will replace those taken from assembly lines
to make room for war work.
,
With additional capacity in new. machine tools, Studebaker can re¬
sume car production
without interfering with current manufacture of
airplane engines, Mr. Hoffman declared.
Mr. Vance added that a sur¬
vey had been
made of auto accessory manufacturers and tentative
arrangements made with alternate suppliers in case those chosen first
are still filling
war contracts.
This problem is simplified, Mr. Vance
explained, by the fact that 80% of Studebaker's present subcontractors
were associated with it in automobile work prior to 1942.
160, p. 572.
'
1944—Month—1943 r' 1944—12 Mos.—1943
Period End. June 30—
Operating
the assumption
Chicago
R. G. "Rankin succeeds Mr. Breed¬
160, p. 872.
Controller.—V.
Property retirement res.
post-war
•
t,
•
C.
Controller for 31 years.
as
Assistant
as
Ernest
of
Texas Electric Service Co.—Earnings-
$573,365;
Sunray Oil Corp.—Subsidiary Dissolved—
1942
155,723
was
Plans—
announced
y. '"r.
•:
Breeding as Controller of this company
announced on Aug 30 by W. S. S. Rodgers, Chairman of the. Board.
Breeding succeeds Ira McFarland, who retired on Sept. 1 after
Mr.
automobile production.
company's 1941
the
\
v
par),
(Del.)—New Controller—
election
serving
for possible loss on patent claims
has
cumulative
(78,437 shares, no
•
The
automobile production
Corporation
1943
preferred
stock
common
:
on
President,
Hoffman,
G.
doubling
Ry.—Earnings-
1944
$493,951
*197,746
108,465
railway
From January
Gross
.V
v-
A
Other- taxes_^___^
on
1941
1942
1943
1944
6 Mos. End. June 30—
loss
Studebaker Corp.—Post-War
On
Subs.)—Earnings—
possible
^
Only), June 30, 1944
(par $100), $4,917,^stock
(no
par),
$82,771;
$452,771; class B com¬
mon
stock
($1 pari, $430,000; funded debt, $9,259,000;
due to subr
sidiary companies, $63,000; account payable, $3,093; accrued interest,
$38,579; accrued taxes, $29,412; reserves, $1,701,477; capital surplus,
$1,515,107; surplus reserved for general contingencies, $160,000; earned
surplus, $561,619; total, $19,234,227.—V. 160, p. 231. —
,
•
Standard Oil Co. of Indiana (&
Com.
for
$32,210
.
first preferred cumulative stock
participating
class
repossessions, $26,097; capital stock ($5
par), $6,364,600; capital surplus, $6,244,447;
earned surplus accum.
since Dec. 31, 1933, $7,761,262; total, $40.349,692.—V. 160, p. 366.
Collier, Chair¬
man of the Board; R. C. Stoner,
President; Norman Hardy, Vice-Pres¬
ident end General Manager;
Palmer Beckwith, Vice-President, and
R.
G. Follis and B.
W. Letcher.
H. A. McCurty is Secretary and
Treasurer, and A. B. Palmer is Manager of Operations.
Headquarters
The
reserve
$300,000; reserve for product guarantee,
other litigation,
reserve
Venezuela.
and
$3,100,000;
war-conditions,
America,
Latin
in
centered
are
owned
wholly
company's
parent
which
of
$29,790
out of
arising
contingencies
for
34,422
20,455
—
-
.
Texas Co.
and
*$8,728
34,421
______
—™
Liabilities—7%
400;
,
rehabilitation
$29,256 '
dividends-
.
Assets—Investments,
$18,324,088;
unamortized debt discount
and
$553,512; due from subsidiary companies, $97,057; cash in
banks, $249,155; special deposits, $9,666; accounts receivable, $750;
total, $19,234,227.
accrued liabilities, $11,442,085;
provision for Fed. and other income taxes and for adjustment of war
contracts
(less U. S. Treasury notes, tax series, to be applied in
payment thereof of $15,748,070),
$3,537,836; liability for working
fund
advanced under contract
(per contra), $1,000,000; reserve for
plant
$53,290
61,831
187
: '
$359,917
48,063
expense,
and
payable
$63,678
34,422
J.
Balance Sheet (Company
equipment (less reserves for depreciation and
$5,902,535; patents, licenses and good¬
and
$66,632
165
____
•Deficit.
United States and
hand, $12,160,048;
on
$40,349,692.
total,
post-war
D. Collier, President, said the new
Harry
the
'
preferred
Balance
-
—,—.
bonds,
Liabilities—Accounts
of a subsidiary,
28 announced the formation
Co. of California.
Aug.
on
company
Richmond
$1;
will,
~
The
and
$64,212
231,475
$3 preferred dividends—
$11,622,957),
of
amortization
the
Subsidiary—
Standard Oil Co. of Calif.—Another
the
in banks
plant
$556,840;
ended Aug. 26, 1944,
system for the week
189,684,000 kwh., as compared with 196,173,000 kwh. for
corresponding week last year, a decrease of 2.0%.—V. 160, p. 872,
'
(
__________————
government
$320,232
235,693
607
20,253
$311,854
238,10-7
19,886
$319,613
232,514
494
19,973
$315,739
Ci
..
•:
600,000
at cost, $242,500; accounts and notes
receivable
(less reserve for
doubtful accounts, allowances and dis¬
counts of $526,680), $9,930,652; inventories, $7,741,403; working fund
advanced under fixed fee contract
(per contra), $1,000,000; invest¬
ments
and
advances,
$2,815,713;
supplies and prepaid expenses,
Canadian
Weekly Output—
totaled
7%
$1,733,197
con¬
Consolidated Balance Sheet, June 30, 1944
Assets—Cash
plus accumulated dividends, \
The breakdown on such a distribution
Electric
?
$369,345
49,113
interest
interest
8,328,593
$1,133,197
Dividends
i—-.—636,460
Earns, per share on capital stock—.—
—_—,—
$0.89
Note—The total provision for depreciation and amortization for the
period included as a deduction in the above profit and loss summary
amounted to $1,588,236.
' '
stock,
Standard Gas & Electric Co.
i
49,879
Debt discount & expense
of
-—
for
and
$369,491
49,736
Net earnings
Other
war
^
Balance surplus
that would be issued by Standard Gas and
the basis of lOVfe shares for each share of $7
on
arising out of
tingencies
600
$365,475
income
Debenture
including
taxes
rehabilitation
conditions
Provision
stock
prior preference stock, nine shares for each share of
ence
stock and one-third of a share for each share
income
other
$368,891
1,500
Net income
POWer.
common
$10,061,790
—-———
and
Federal
for
for adj. of war contracts, less post-war refund
profits taxes—
——
prov.
excess
^
new
—
;
shares of no-par common stock, all of which would be
distributed to all the present security holders except the owners of the
outstanding common stock.
The company told the SEC that under the new plan the holder of
each $1,000 face amount of the existing $59,202,200 notes and deben¬
tures would receive in exchange $90 in cash, $400 face amount of new
debentures, and the following common stocks: three shares of Pacific
Gas and Electric Co.,
12 shares of Oklahoma Gas and Electric, five
shares of California-Oregon Power and two shares of Mountain States
The
--————
—
—
profit
Provision
4,967,000
and
(net),.
—
$357,563
2,354
$368,737
608
$363,975
Operating exps. & taxes
$9,820,080
241,710
operations—
income
Total
earlier proposal on May 31.
Under the new plan the holding company would emerge with a cap¬
italization consisting of $23,500,000 of new five-year 4%
debentures
the SEC to reject an
that led
from
1941,
„
'
Other income
$12,547,358
2,727,278
Total
Co.—Amended Plancompany filed with the Securities and Exchange Commission Aug. 28
an amended plan of reorganization designed to overcome the objections
Standard Gas & Electric
1942
1943
-
subside
from
companies
Ended June 30, 1944
Consolidated Income Statement, 6 Months
Gross
1944
Income, interest & divs.
subject to review under the Renegotiation Act.
are
Co.—Earnings—
Share
&
6 Mos. End. June 30—
.
_
partment will offer special advisory service on management, marketing,
research and the use of Governmental facilities,—V. 157, p. 2258.
Monday, September 4, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
1024
Estimated
Earnings
•After
reserve
per
net
and
$0.65
depreciation.—V.
$721,322
$552,105
income
share
providing for interest
on
158,
loan
p.
and
serial notes,
j
$0.84
contingency
1943^
.
Terminals
&
Transportation
the
net
of
amount of
the
Corp.,
Buffalo, N. Y.—
Common Share
154, p. 439.-
$2,300,275.
present
to $24,500,000 and
refinancing, the long-term funded
there will be a balance of. $2,136,t
outstanding on the original $7,000,000 bank loan.
This balance of
$2,136,400 will be paid on Dec. 29., 1944.
The total funded debt;
which amounted to $42,500,000 on June 30, 1941, will, therefore, have
been
reduced
by
While the
company
order
new
in the 3%-year period ending Dec. 31,
' /V
■
payable serially over a period of 10 years,
$18,000,000
1944.
Offer Made to Stockholders of $11.50 per
Merchants Refrigerating Co.'above.—V.
in
completion
40O
.
See
reduced
Upon
debt will amount
notes
are
has the privilege of prepaying any or all of them in inverse
payment of a premium, provided it can make such
without the
prepayments out of its own funds.
THE COMMERCIAL ■& FINANCIAL CHRONICLE
-Number 4313
Volume 160
Chicago,
■
1944
;:
Sales
and
1943
.
\
'
1942
.
$
116,783,404
93,727,144
74, 131,958
84,873,244
70,571,365
52, 632,124
4,172,003
3,867,426
7,860,145
7,488,830
400,002
400,002
$
of
(net)
income taxes).:
_
and depict..
leasehold costs
Dry hole losses and property retire¬
of undevelop.
342,050
1,757,174
1, 640,247
The
directors
Operating jtacome™^™™.:.:™™*.-Non-operating income
:
9,309,297
7,350,845
500,068
16,705,772
392,116
of
;
557,132
■
stock
1941
*$124,385
>
$0.26
value
(book
is
equivalent
$210,874,972.—V.
all charges,
160, p.
to
53.
$31.10
record
Fed.
the
Net
Sept.
and
profit
•Earn,
20.
Like amounts were disbursed on Jan. 1, April 1
July 1, last—V. 160, p. 671.
■
y/;
vy.://'-/ :.v
and
inc.
per
•Based
$145,125,597;
'
totaL
.
(& Subs.)—Earnings—•
1944
1943
1942
$2,814,234
$2,569,379
prof, taxes—2,235,000
2,002,976
$1,459,485
907,512
$579,234
$566,403
$491,973
$1.10
$1.08
$0.92
Net profit before Federal
declared a dividend of 25 cents per share
regular quarterly dividend of $1.75 per
21
and
share),
per
'
United Biscuit Co. of America
curnul. preferred stock, both payable Oct. 1 to holders
the 7%>
on
Aug.
on
the-common
on
share
exc.
taxes.^_^_
___™u™„_w
■
share
common
468,283 common shares.- -V. 159, p. 2016.
on
r;;v',u-'''1 -'j?,-■*% y... -vV;,':*'
|.v.
9,800,365
17,263,904
Total: income™
:<V
contingencies arising from the war (deferred maintenance, replacement
emergency
materials used,
etc.), $3,140,042; funded debt, $41,700,000;
net worth, representing
value of investment in company
6 Months Ended June 30—
366,132
1,937,283
exps
$4,405,460;
367,
160, p.
$344,425; amounts provided for income, property, and other
including estimated taxes payable on 1944 earnings to date.
provisions for Possible fire losses, damage. et".. and for
taxes,
450,000
833,955
admin,
and
incl.
7, 151,169
;
+ After
provision for excess profits taxes required,
Federal income and excess profits taxes.—V.
•No
4, 541,441
/:
1942
$112,495
$0.24
1943
$195,000
$0.39
1944
$303,874
$0.62
profit
rowed,
of
'
Tubize Rayon Corp.—25-Cent Common Dividend—^
(
ments
tNet
Earnings per com. share
(other
and taxes
rentals
Prcv. for deprec.
General
four
:3 Mos. End. July 31—
selling
and
„™™™—™-.™™™_™
than Federal
and Los Angeles will become effective within
months, Mr. Talman said.
The general man¬
later.—V. 160, p. 873.
City,
or
named
will be
••i Truax-Traer Coal Co. (& Subs.)—Earnings—
;.
sold
products
Insurance,
tnree
next
agers
from other oper¬
revenue
expenses
Amort,
■
$
V:
■
(exclusive of intercompany
ations
transactions)
Cost
;;"
Kansas
the
Consolidated Income Account, 6 Months Ended June 30
1025
•
debt exps.
418.450
uncertainties—.
wartime
Prov.
for
Prov.
7,742,961
453,263
for est. Fed.
inc. tax
I 434,781
:
•
3,no,000
8,467,112
—
/
2,252,600
195,406
§Jun 27, '42 §Jun 28, '41
$87,711,792 $38,633,614 $29,067,062 $21,652,127
64,626,344
30,044,824 22,396,472 19,065,613
t Jun 24, '44 §Jun 26, '43
26 Weeks Ended—
5,037,098
6,255,584
69,230
6,878,342
income
& amortiz...
against foreign.
Expenses
315,307
Reserve
Subsidiaries)/i
(Including Wholly-Owned
'
•Total
f
Other credits (net)
United Carbon Co.
Twentieth Century-Fox Film Corp. (& Subs,)—Earns.
/
1,500,000
Int. and amort, of funded
(& Subs.)
-Earnings-
6 Months Ended June 30—
•Operating
1942
$2,637,470
$2,674,484
1,076,994
980,968
940,587
inc. taxes
490,200
389,000
558,000
profits takes—..
178,000
307,000
243,000
$1,000,144
$960,502
$932,895
depletion™—.
and
Fed.
norm.
Est. Fed.
1943
$2,745,337
profit
Depreciation
Est.
1944
and State
excess
'
'
Net profit added to surplus.
Surplus at Jan. 1_.
7,073,748
57,341,669
1,125,000
1,125,000
,/ 2,551,388
1,912,794
Preferred dividends
dividends..:
Common
,—
42,695,181
49,329,494
Minority
1,125,000
2,549,996
v.
Net
Earns,
53,665.281
Surplus at June 30
Shares
6,378,971
outstanding-
stock
common
iz.
Earnings per share
39,020.185
46,291,700
i
6,376.909
$0.80
$0.61
Note—Above statement does not include
the amount of $10,353,122 in
gasoline, lubricating oils, and other products.
Sheet,
Balance
Consolidated
1
1
:
June
.
30, 1944
less
cost,
U.
S.
for
Liabilities—Bank
loans
due
-
-
within- one
$2,736,400;
year,
-
in
held
stock
($10
treasury
$248,844,321.—V.
160,
shares),
(11,323
cost
at
$53,665,281;
surplus,
$63,902,940;
par),
the
purchase
■
stock; for reducing the ratio of pres¬
adjusted and for improv¬
such debt and other charges by earn¬
ings; for restating the plant property and other accounts so as to
eliminate known and estimated write-ups and
amounts representing
abandoned property and expenses of revaluations; for appropriate pro¬
vision for the segregation, amortization, elimination or other disposi¬
tion of plant acquisition adjustments known or estimated to be carried
on
the books; and for such revisions of depreciation and retirement
reserves and
policies of accrual thereto and maintenance, as shall be
ing the coverage of interest on
appropriate.
(2)
sion. ;
on
Tide
Power
ny
V-
.
.
Water
shall not declare or pay
Co.
class of its stock until further order
any
160, p.
15, $1.—V. 160, p. 671.
;: v
$43,813,228.
"
Railway
*
.
in
,
Re¬
Net
—V.
2,421,380
$1.29
-
from
inc.
Net
25,009,142
185,315,383 160.158,109
65,568,474
69,525,843
Earnings per share
—V.
from
6,869,132
6,160,012
1,218,739
1,112,007
trans-
26,457,966
3,014,538
2,406,372
19,998,640
1,512,899
1,299,554
9,026,908
income
3,705,926
29.025,548
1,176,654
8,217,332
35,657,653
8,377,592
2,529,272
20,808,216
27,280,061
all
from
income
Fed.
income
2,419,380
—V.
11,500,000
9,600,000
■
—n
discounts
Cash
on
and
purchases
on
and int;
divs.
205,331
investments.—
cost
and
.
.7.7,.ir-t- ■:
Transcontinental & Western Air,
Interest
/:
was
announced
on
"
John
heretofore Vice-President of oper¬
named Vice-President-transportation.
All regional
offices and activities as well as operations will be placed
charge as head of this new department—the creation^ of which
A.
Collings, of Kansas City,
ations, has
and district
his
been
Sept. 1.
Decentralization of field
became
,
With
creation of a transportation de¬
all operating and service functions of this airline
Aug. 24 by E. Lee Talman, Executive Vice-Pres¬
ident
in
Inc.—Operating and
effective
the
appointment
of
.1
department
general managers in New York,
activities of the transportation
regional
'■
....
-1942
1943
,
$1,440,898
$4,062,136
352,968
§476,000
' 224,065
t2,634,500
$457,884
$0.66
...
$995,504
278,620
t259,000
:
...
deprec———.—
Fed. inc. tax
est.
>
(& Subs.)—Earns.
1944
profit...—.
$611,930
$0.88
$1,203,571
$1.73
deducting cost of operating, maintenance of plants,
expenses
provision for taxes (other than Federal
$1,857,000 provision for Federal excess
profits tax and $195,000 provision for additional taxes for prior years.
JNo Federal excess profits tax'deemed payable.—V. 159, p. 1488.
(-
of
and
sales
general offices,
taxes),
etc.
tlncludes
States Plywood Corp.—Partial Redemption—
United
The company will redeem on Oct, 1, 1944, through operation of the
sinking fund, 294 shares of its outstanding 434% cumulative preferred
stock, series A (par $100) at $102 per share, plus accrued dividends.
Payment will be made at the Bank of the Manhattan Company, 40
Wall St., New York, N. Y.
Plywood Shipments Resumed to Great Northern Ry.—
Cascades
The
Great
to
Plywood
Corp.
Northern
Ry.
announces
Co.
that it has resumed ship¬
for the construction of
of plywood
approximately
1,400,000
feet
of
Douglas
plywood, but the War Production Board restricted deliveries to
requirements through June, announcement said.
Now WPB
is releasing the balance
in monthly requirements, Cascades notified
the United States Plywood Corp., sales agents for its entire production.
Built
at
Great
Northern's St. Cloud, Minn., plant, the railroad
actual
first plywood freight cars are two tons lighter than the
conventional boxcars, according to the railroad.
Steel and
combined in underframes and super-structures, while out¬
and
inside sheathings are
% inch exterior (waterproof) type
average
lumber
37,010,090
28,748,121
23,945,474
8,732,097
638,310
8,871,951
654,59 3
9,830,770
796,110
$13,712,473 $10,761,451
$8,752,392
8,710,277
6,276,888
4,942,623
800,000
300,000
900,000
1,100,000
side
™„™™_
deplet... etc.™
for wartime contingencies
for
income
.
plywood.
The cars are equipped with high speed nonwrought, steel wheels, and steel ends and roofs.
50-ton capacity cars," says Great Northern, "are the
word in freight equipment and are the result of extensive experi¬
fir
harmonic. springs,
"These
last
Balance
are
Douglas
paid—
Prov.
Departments Coordinated— ; ;/
organization. plan involving the
An
partment embracing
128,462
>;
producing,
of
mfg. and transportation opers
Selling, admin, and gen. exps., incl.
salaries, taxes and materials
taxes
950,000
ments
new
..Net
profit
$3,302/196! $3,084,563
™™„.
'
~
•Net
profit
'On
per
share™
Condensed
:
Assets—Cash
on
■
$0.66
$0.71
...
•':/ '
4,666,270 shares.
in
Operating
"*
1941
banks, $13,680,141; marketable securi¬
(chiefly U. S. and Canadian Govt, bonds), $6,717,974; amounts
others, less reserve for doubtful receivables,
$15,729,981;
inventories of crude and
refined oil (11,354,000 barrels), and ware¬
house stocks of other materials and supplies, $19,643,189; investments
from
adjustments
Federal
•Charges
oil
Net
others, $545,299; properties from which our crude
..
.29,522
,
taxes
™™„,™-
.
.
.
•.: .
125,606
——,
644,432
516,774
4,632,807
6,733,893
;/.; 264,794
217,331
2,803,184
2,091,177
2,536,993
$6,233,579
• «
™j™™™_™_
——-
operating revs.™
$534,939
$493,372
$6,428,650
(net)™.,
17,403
19,570
97,749
Drl69,896
$552,342
177,210
$512,942
159,237
$6,526,399
1,913,245
$6,033,683
1,860,606
$375,132
$353,704
requirements™™™,™——
$4,613,153
1,180,794
$4,203,077
Other
to
advances
is
income
taxes
Other
produced and plants in which Union Oil products are made and
operations of the business carried on.
The value is stated after
deducting $173,251,869 for wear and tear, deterioration, depletion of
and
—
Depreciation
Amort, of plant acquis.
ties
1944—12 Mos.—1943
$2,733,418 $34,674,348 $31,836,956
1,053.982 13,273,347 11,240,632
247,324
216,977
2,592,299
2,312,837
.,229,533 j <, '234,953
2,727,278
2,773,010
$3,143,134
1,192,530
revenues.™-.
Operation
(& Sub.)—Earnings—
1944—Month—1943
31—
Maintenance
'f-y-
Balance Sheet, June 30,
hand and
$2,859,769
'
$0.61
technicians."—V. 160, p. 873.
by Great .Northern
Virginia Electric & Power Co.
Period End. May
due
Service
133,737
$60,092,970 $49,036,116 $43,324,746
income™-™
Purchases
With SEC—
V. 159, p. 2238.'
_
industry's
Total
registration statement with the SEC cov¬
proposed
376,833
$1.12
fir
1944
1943
>'■■■ 1942 '
$59,887,639 $48,902,379 $43,196,284
X
Prov.
issuance of $2,000,000 15-year convertible deben¬
tures.
A banking group headed by Blair & Co. and Maxwell, Marshall
& Co., is expected to underwrite the debentures.
The legistration statement also covers the proposed stock purchase
•warrants for the purchase of 100,000 shares of common stock
(par $1)
of which warrants for 80,000 shares appertain
to the debentures.—
the
ering
$423,923
376,836
$1.15
—
1,000 plywood freight cars.
Great
Northern ordered
(& Subs.)—Earnings—
Deprec.,
a
18,915
306,983
$431,620
;•
(no par shares)—_
Earnings per common share™™
ments
Co. of Calif.
Oil
Sales
1392.
has filed
Ufl.
52,100,000. 57,000,000
$1.15
-
company
12,913
840,000
income:..
•
'f. -
672.
income.:
for
for
Net
,v
-7!
'v
&
profits taxes
160, p. 771.
Union
Textron, Inc.—Registers
208,422
$749,823
&
_______
excess
1944
1943
1942
mi
l$13,100.000 t$9,900,000 $3,800,000 §$3,506,492
Earnings per com. share ,
$1.31
$0.98
$0.38
$0.34
•After provision for taxes and possible renegotiation adjustments,
tlncludes $4,850,000 profit on security transactions.
IBased on a
conservative estimate of the value of tobacco received as a liquidation
distribution from Axton-Fisher Tobacco Co.
On the basis of average
cost of the tobacco
received from Axton-Fisher, Transamerica esti¬
mates consolidated net
profit at $8,900,000.
§Exclusive of $273,508
net profit realized on sale of common stock of Bank of America NTSA.
The
p.
on
•: - ••• v- --i''.
United States Pipe & Foundry Co.
9,199,687
4,527,43.7
oper.
invest.
sources
Net
profit
p.
160,
332,536
.
income..!*.
stock outstanding
Net
•After
3,353,740
porat'on
Total
159, p. 2239.
159,
taxes
•
Capital
•Total
1,173,697
'••v
Transamerica Corp.—Earnings—
—V.
•*.
$541,404
$1,284,533
*
....
for Federal
;-/
•
._■/
—
1
—...
charges..:
Provision
income
6 Mos. Ended June 30—
•Net
750,313
674,735
$951,997
income
income
Income
Allow,
13,399,632
6 Months Ended June 30—
•
6,363,913
42,033,885 277,042,509 263,011,050
charge
net
rents,
$2,779,504 :
,7
$8,155,639
8,853,037
-.,
credits—
Gross
1944—7 Mos.—1943
11,520,565
expenses
™_
•Incl.
$1.20
1943
1944
$10,479,769
....
.'
and administrative expenses...
general
operating
Income
lines)
41,877,333
26,230,223
revenues
income
the
properties
ance
and
obsolescence
and other items paid
of equipment.
$152,837,601;
Liabilities—Amounts
taxes,
insur¬
owed
for
oil
'
purchases,
'
construction
$14,922,881;
or
dividends
due
employees
payable,
for salaries
projects,
wages; taxes
and other items collected for, but not vet due. Governmental agencies,
and supplies,
Balance
Int.
&
„„.__™™™
amortization—
in advance, which will be charged to future
operations, $1,720,787; total, $210,874,972.
freight
/
Inc.—Earnings—
—
sales—.™.
of
Net
,—™—
2,421,380
sales..
Selling,
as
™
™.——
■
Supreme' Court
1944—Month—1943
July 31—
oper.
•Taxes
Roller Bearing Co.—Earnings—
30—
1944
1943
1942
Profit before taxes, etc
$11,011,014 $18,242,832 $20,276,704
Prov. for income taxes
1,931,000
1,938,500
3,381,200
Prov. for excess profits taxes
—•
6,026,000
12,435,000
10,080,000
Prov. for contingencies™™.,.
760,000
2,000,000
4,036,000
Post-war
tax
credit
Cr602,600 Crl,243,500
capital stock——-7™-
_/< /
Ferry Co.
U. S. Industrial Chemicals,
v
Timken
Earnings per share™,—
/;/•■./<;; y; vy
for the
purchase of all the securities of New Jersey and Statea
will be received by United Coach Co. at Room 2624,
61 Broadway, New York 6, N. Y., up to 12 Noon, (EWT) on Sept. 6,
1944.
Such securities consist of the following; 1,000 shares of common
stock ($10 par); $59,247 of 7% mortgage bonds due 1937.
New Jersey and Staten Island Ferry Co. owns certain ferry facilities
in Howland Hook, Staten
Island, New York and Elizabethport, New
Jersey, which it leases to Sunrise Ferries, Inc,
Equip, and joint facility
6 Months Ended June
Shares of
V p:'
Securities—/,
.
Bids
Island
-
,
State
the
of Wildey C. Rickerson
oper.
Railway
any
of the Commis¬
$3,112,832
'
United Coach Co.—Bids for Purchase of Ferry Com¬
V
Prov.
Income
$2,896,614
'v
payable,
$1,161,092;
taxes,
surplus, $5,384,373; total, $43,813,228.—V, 159, p. 2239.
Cost
(Including leased
Period End.
•:
—
'V,
including provision for accruals, Fed¬
diyidend payable, $298,414; reserve
for depreciation &nd depletion, $22,916,100; reserve for contingencies
and
taxes, $1,085,098;
reserve for income taxes and expenses
(1944C
operations), $968,200; minority interest (common stock and surplus),
$47,414; common stock (397,885 shares; no par), $11,952,538; earned
State
and
r
671.
profit—
V;'
>
Liabilities—Accounts
eral
/
Ordered
Inc.—Chairman
Co.,
Frankenthaler
other
Net
$79,837), $1,267,884;
equipment,
6 Months Ended June 30—
the declaration filed by General Gas &
Electric Corp. respecting the proposal to sell the common stock of the
Tide Water Power Co. to Warrent W. Bell be, and it is hereby denied.
—V.
Mfg.
the election
to
effectiveness
That
(3)
bonds
and
tax
notes,
inventories,* :$1,779,765;'
Carbon Black;
$880,200;
Moore County
Carbon Co., $125,067;
other
other assets, $812,702;- land, buildwells, pipe lines, leaseholds, etc. (at cost), $35,138,103; trade marks, contracts, etc., $1; deferred charges, $159,046; total,
Union Pacific Railroad—Earnings—
-
the
That
dividends
30, 1944r
June
Inc,,' $182,780;
investments,
rings,
ruled Aug. 30
Chairman of this company,
was void,
and directed that David A. Buckley, Jr., be restored to that
office from which, it was agreed by both sides, Mr. Buckley had been
ousted without cause.
The company, whiph nojmally manufacturers
fireworks, is now engaged In war production.
Mr. Buckley
was removed as Chairman by the Board of Directors
on July 28, on which date the Board had amended
the by-laws to per¬
mit the removal of any officer of the company with or without cause.
Previously the President and Chairman were protected against invoca¬
tion of that by-law.
The Court held that the action of July 28, re¬
gardless of the amendment, was a clear violation of the by-laws as es¬
tablished by the stockholders on March 18, 1941;—V, 159, p. 1599.
other things: for a recapitalization substituting for the present
of stock authorized and outstanding a single class of common
long-term debt to plant and property as
and Dec.
50 cents;
stored—
issued the following order:
shall forthwith diligently prepare and file with
the Commission a plan of compliance with Section 11 (b)
(2) of the
said Act which plan shall, without limiting the scope thereof, provide
ent
.
Sheet,
Assets—Cash,
$1,927,038;
U.
S. "Treasury
$1,550,000;
accounts receivable,
$1,178,689;
at cost: (Mississippi River Fuel Corp.,
pany
directors on Aug. 24 declared a
Justice
stock; for distribution of the new
Balance
3 Months Ended June 30—
That the company
$2.5l
quarter
Unexcelled
The SEC on Aug. 25
among
after
Sept. 30,
} Tide Water Power Co.—Ordered to Recapitalize—
classes
■
,
quarterly dividend of 50 cents
per share on the common stock, no par value, and the regular quar¬
terly dividend of 3?'l/2 cents per share on the $1.50 cOnv. preferred
stock, no par value, both payable Sept. 30 to holders of record Sept. 15.
The
regu.ar
quarterly dividend of $1.12'/a per share on the $4.50
cumulative
prior preferred stock, no par value, was also declared,
payable Sept. 15 to holders of record Sept. 5.
A distribution
of 50 cents was also paid on the common stock on
June 30, last, as against 25 cents on March 31;
Payments on said
issue in 1943 were as follows; March 31 and June 30, 25 cents each;
total,
$2.28
.;/
including reserves for expenses.
Consolidated
Dividends—
that
(1)
,
Second Quarter
second quarter
the
first
The
common
Dr$226,946;
for
ended June 24, 1944, the consolidated net
all charges was $3,152,131 compared with a profit for
of 1944 of $3,186,302.
The profit for the second
quarter of 1943 on a comparable basis was $2,862,506.w
For
profit
671,
p.
only
$920,990
596,823
397,885
$947,602
596,828
/
selling, general and administrative
deducting manufacturing,
expenses,
Export,
wholly-owned subsidiary.
the above profit of $6,338,433
National Theatres been whollyyear 1943, the profit for the first
had
the
par)
stocks
including Roxy Theatre, Inc., would have
deducting dividends on the convertible pre¬
preferred stock outstanding at that time, this
Earnings
wages
stock
common
of
'
>iy
year,
After
•After
(no
11,905
'
397,885
$984,595
596,828
397,885
$2.47
™-———
Com. shrs. outstdg.
Earnings per share
12,900
15,549
7v"
Theatres
outstanding 58% interest
equal to $2.78 a share on the common stock.
was
$1,221,663), $13,995,149; deferred credits, $262,544; $4.50 cumu¬
convert'ble preferred stock (500.000 shares, no par), $50,000,000;
other,
lative
National
with
1944,
beginning
that
$5,535,279.
ferred stock, the
due
$14,075,858;
of
been
within one year, $909,038; accounts payable, trade,
and miscellaneous accounts
payable, $2,499,869;
taxes payable other than current Federal taxes on income, $10,963,876;
accrued interest, $295,096; dividend payable on preferred stock, $562,500;
provision for estimated Federal taxes on 1944 income (after
deducting U. S. Treasury notes, series "C," in the amount of $5,515,000), $2,952,112;. due to affiliated companies, $31,260; deferred pur¬
chase obligations, $3,919,344; serial notes, 1.7%-2.5% due annually to
Aug. 1, 1950, $11,800,000; 15-year 234% debentures due Aug. 15, 1955,
$16,500,000; reserves: (post-war adjustments, $2,500,000; wartime un¬
certainties,
$5,250,000;
tanker
replacements,
$4,353,839;
additional
Federal taxes on income, $205,562; marine equipment repairs, $464,085;
obligations
tlncludes
,
,
of
$0.86
tAfter post-war refund of $1,380,000 in
gExcludes National Theatre Corp. and
comparison
of
weeks
26
the
from
weeks
26
securities,
and
5
-
$861,278
$0.11
rentals of film and accessories
sales and
miscellaneous,
and
Inc.
purpose
first
the
owned
for
reserve
Govt,
the
For
reduction to market quotations, $1,667)
$4,260,000>, $4,434,174; special deposit
redemptions funds, not restricted: (cash, $2,464,785; U. S. Govt,
securities (at cost), $14,838,000)7 $17,302,785: accounts receivable (less
reserve
for
doubtful accounts
of $380,075), $25,826,978;
notes and
trade
acceptances receivable,
$263,485; loans to employees, $1,254;
inventories, $29,129,785; construction fund for replacement of tankers
under agreement with U. 8.:,Maritime Commission, $4,546,125; invest¬
ment
and advances,
$11,906,915; properties and equipment (net)
$136,215,772;/deferred charges, $2,841,730; total, $248,844,3211
(at
includes
dividends
$2,190,894
int.
profit
Dividends
$3,843,249
$1.81
On July 9, 1943 the corporation bought'the
in National Theatres Corp. and it became a
banks and on hand,'$16,375,318; marketable securi¬
Assets—Cash in
ties
share-
com.
per
Net
864,367
$6,338,433
$3.12
—
—
Roxy Theatre,
-V
'
.
74,300
Corp. and Roxy Theatre, Inc.
1944
and $455,000 in
1943.
1943 and $13,676,958 in 1942 collected for Federal,
municipal governments in- the form of taxes on sales of
and
150,936
interest
from
and
1944, $10,230,770 in
State
129,696
1,250,000
•Comprises income from
6,375,336
$0.90
r
125,541
525,000
profit after Fed. taxes
Profits of subs, applic. to min.
14,095,000
/■:'/
1,362,647
profits tax.
profit
Net
2,100,000
& interest
income taxes
excess
1,500,000
12,420,000
Deprec.
37,342,776
43,004,680
50,267,921
Fed.
Fed.
—
3,100,000
assets^
6,324,814 'A 5,352,405
$1,166,567;
Balance
Preferred
dividend
and
interest
on
money
bor¬
•Charges
taxes
in lieu of Federal income taxes
from refinancing.—V. 160, p.
arising
1,171,602
representing reduction in
672.
*
!'///.!'■!
United Wall Paper Factories,
Inc.
The
directors
the
on
stock,
common
This compares with
stock
mon
in
William
H.
1942 and 1943.
President, stated that the net
1941,
Yates,
15 cents per share
of record Sept. 11.
paid on the com¬
dividend of 10 cents per share
a
sales for the fiscal
reached the highest level in the history of
the
company,
totaling $14,196,750.
This'exceeds by 39% the net
sales of $10,226,401 for the previous year.—V, 159, p. 2126.
ended June 30,
year
Operating
Operating
expenses
General
$7,900,504
$6,911,556
1,049,374
874,806
135,484
80,000
4,081,820
*
"""
3,394,597
___
139,705
148,000
taxes—
530,024
Taxes
479,798
Federal
175,000
310,200
27,600
other
State
Net
income
2,372
1,116
11,793
$555,169
operating
Other
$2,330,915
10,765
$591,791
$2,499,923
Valley RR.—Merger
Utica, Chenango & Susquehanna
See Delaware
RR.—V. 158, p. 1479.
& Western
Lackawanna
Net
70-Mile Rail Line—
Wabash RR.—Sues to Obtain
The
recently authorized by the ICC to purchase
line
of
the
Missouri-Kansas-Texas RR.
road,
70-mile
the
DIv.
for $2,400,000
between
Co.
Hannibal, Mo., filed suit in U. 8. District Court at St,
Louis Aug. 28 to obtain title to the line, naming United States Trust
Co. of Lew York and
10 other corporations as defendants.
The Mis¬
Moberly
in the suit.
♦
The complaint states that the Trust company is trustee under a
mortgage of Missouri-Kansas-Texas, predecessor of the present Mis¬
souri-Kansas-Texas RR. and has refused to release the property from
the
Wabash and M.-K.-T. allege that the purchase
cannot be carried out unless the court orders the
Wabash
; Earnings for July
'
from
$8,239,547
$7,306,912
pfd.
$1,473,127
Other
-V.
159,
106,545
106,530
426,180
426,967
Net
$277,206
$1,326,081
$1,046,159
stock-
2570.
3,491,778
3,098,696
1,929,737
753,249
972,496
831,848
999,246
income—
for
income
income
12
deducting
Net
1944—-Month—1943
1944—7 Mos.—1943
$2,880,127 $21,784,700 $20,365,563
1,765,670
13,483,139
12,417,749
'
" " '
5,026
$657,549
expenses
4,381,000
3,370,000
53,565
54,936
(net)
Br 13,670
Brl5,047
$3,920,561
304,588
Brl06,755
income
$494,350
$594,346
$4,118,394
$4,658,447
30,793
37,012
190,495
205,115
$525,143
$631,358
$4,308,889
274,854
275,666
1,894,175
$4,863,562
1,932,996
income
$554,457
$454,455
_
post-war
for
and $3,188
credits of $28,900
12 months ended
2126.
A. ;s \
revenues
Operating
560,000
1944
30,
p.
r
<
-V1
Taxes
other than
$4,577,814
192,620
Brl 11,987
normal
"Federal
State
income
Provision
$5,241,620
—
...
income
and
565,009
_
—
609,015:
368,800
taxes—
365,678
445,012
454,500
taxes.——— —
'**»
66,500
68,955'
710,725
641,443.
$1,195,844
1,521
$1,210,021
Crl39 •
$1,197,366
taxes
for
1,880,241
.
surtax
profits
excess
1943
$4,870,738
1,530,611
1944
12 Months Ended June 30—
Operating
income-
oper.
5,603
$600,853
and
retirement
June
159,
1,955,382
610,000
rents
ry.
Other
debt
months ended
Federal
rents
423.191
.
...
;
..J—
$3,019,837
———...——
facil.
:
——
V
-
$1,097,329
434,753
$1,029,646
...
(net).———„—
—;
$1,103,013
Br5,684
j
Wisconsin Michigan Power Co.—Earnings—
Railway—Earnings—
Period End. July 31—
Joint
60,400
853,956
$1,021,527
8,119
—
charges
30, 1943.—V.
v;vvva
iv
Operating revenues
"Operating expenses
Equipment
—
revenues
June
Western Maryland
Taxes
79,700
875,956
-
———
—
28.688
260,100
cu¬
——„.
p.
352,400
—
depreciation—
deductions
"After
Balance
$5,283,876
3,045,663
railway
oper.
1941
1942
1943
$8,007,300
railway
from
Gross
$6
on
Operating
and Year To Date •■/
1944
July—
Net ry.
626,779
$379,750
__
to release the property
Trust company
Net
require,
mulative
co-plaintifl
a
lien.
mortgage
the
by
is
747,661
$1,752,261
$273,205
1
and
souri-Kansas-Texas
Gross
218,056
$385,764
Interest
income
794,213
350,324
704,958
—
tax...
operating revenues....:
175,419
Interest & other deduct.
Net
——
surtax
taxes
for
Non-operating
income
Gross
taxes
—
$2,341,680
(net).
$2,488,130
$590,674
$552,797
income
and
profits
excess
income
—!
;
income
than
normal
Provision
1944,
1943
$8,386,059
5,195,461'
$9,163,382
expenses/..!—5,868,741
revenues
Operating
518,489
"Federal
profits taxes
excess
Cfperating
1
—
1944
12 Months Ended June 30—
501,863
lieu of income
Chgs. in
Si
$1,777,965
taxes
Wisconsin Gas & Electric Co.—Earnings
' y
$1,917,477
revenues
Federal income
(
;
1944—12 Mos.—1943
1944—3 Mos.—1943
Period End. June 30—
Aug. 25 declared a dividend of
payable Sept. 21 to holders
on
Co.—Earnings—
Utilities
Texas
West
Larger Dividend
—
—Sales A Record—
!!!
Monday, September 4, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
1026
$1,209,882
—
depreciation
_
Net
operating revenues——————-^—
Non-operating revenues
,
From Jan. 1—
railway-
55,560,190
54,665,727
21,854,273
23,315,083
41,616,068
15,300,477
32,476,824
railway-——
income—,
5,324,654
6,858,259
5.155,933
5,336,433
from
Gross
from
Net
Net ry.
oper.
10,151,676
Gross
Fixed
160,
672.
p.
V,
—
—
_
Gross income
Interest
Other
Net
—V.
income
charges
income^,
-
"Include amort, of de¬
Bonds—
fense
6% sinking fund bonds dated
April ', 1929, have been called for redemption as of Oct. 3, 1944 at
100 and Interest.
Payment will be made at the Tradesmen's National
Bank a; Trust Co.,
trustee, Philadelphia, Pa., or at the Guaranty
Trust Co,, 140 Broadway, New York, N. Y.—V. 160, p. 672.
of
All
the
outstanding first mortgage
-V.
(& Sub.)—Earnings—
Washington Water Power Co.
Operating
_
taxes.-
Other
$1,017,209 $12,993,069 $12,389,624
389,514
5,192,824
5,100,967
130,273
1,764,887
1,298,583
107,153
1,222,490
1,157,634
$1,061,610
421,973
revenues
Operating expenses
1944—12 Mos.—1943
1944—Month—1943
Period End. June 30—
136,780
——
108.196
taxes
Property retirement res.
Net
oper.
$304,353
Gross
,
;
income
of
$3,787,615
879,881
$303,662
$3,768,521
73,250
819,617
$230,412
$2,848,904
—
300,000
$230,412
$2,548,904
Balance
Western Ry. of
Alabama—Earnings—
622,518
-
$223,087
-
for period
to pfd. stock
extra
—_
$2,907,734
?
——
Snowdrift Co.—Extra Distribution—
&
dividend
of
50
Oct.
On
cents
share have
per
last
1,
cents
per
company
160, p.
share and
declared
been
the
year,
share.—V.
per
on
a
the
common
also paid an extra
dividend of 50
368.
West Penn Electric Co.
Operating
Operating
$30,465,674 $28,695,951
revenues
10,336,854
Maintenance
Fed.
taxes
Other
Gross
Period Ended June 30—
Deprec.,
from
from
Amor,
&
$472,883
$383,530
$203,334
Operating
expenses
1,781,980
1,652,991
7,314,041
242,165
173,007
52,947
Taxes,
461,762
440,881
1,809,529
64,127
82,625
28,670
Federal
135,700
93,500
596,600
436,000
225,400
1,344,900
of'prop.
Operating
adj.
acc.
income
—
Non-operating income
The
the
3,084,016
1,379,372
1,291,912
283,212
130,136
2,238,736
394,835
3,262,299
railway
1,230,196
income.—
415,884
income
331,297
896,702
Deductions,
Deduc.
C
in
of $1
dividend
a
per
trie
West
Co.
Net
-1943^
$55 966,900
20,506,639
960,270
at
Net
from
inc.
tax
Net
ry.
before
—V.
159,
income—
288,762
14,356,086
5,117,581
15,685,529
6,486,392
Net
from
Net
ry.
—V.
income...
1,903,265
2,182,769
2,977,068
5,474,252
199,757
776,798
482,757
$6,973,914 $13,509,318 $13,573,661
98,563
283,660
213,465
$7,072,477 $13,792,978 $13,787,126
4,218,392
145,907
8,420,835
8,378,884
269,481
Pfd.
Operating
expenses
Maintenance
White Motor Co.
Sales
13,478,784
5,020,611
1,612,931
11*723,954
4,281,294
deprec.,
income
Res.
for
&
'
1944
$2,708,178
$5,102,662
$82,870,667
8,039,003
profits taxes.
excess
business
war
2,230.178
3,839,283
4,266,523
478.000
1,263,379
855,216
profit
2,605,000
10,240,000
250,000
&
to
2,150,000
7,199,000
$866,519
$1,814,454
$590,003
$1.38
$2.90
$0.94
-
Co.
1944
(&
v
5,142,192
tization,
1944—12 Mos.—1943
$30,514,325 $29,183,701
4,559,615
10,237,347
9,083,361
Sheet,
accounts
accounts, notes
and
June
30,
receivable,
installment
patents,
1,924,563
4,704,802
sions
1,975,513
2,070,193
on
depreciation—
1,462,517
1,456,664
2,869,457
2,769,728
taxes
Operating income ^!_
Non-operating income..
$4,189,359
$4,496,089
$7,939,218
$8,631,054
291,083
270,378
573,319
522,905
$4,480,442
1,371,157
$4,766,467
$8,512,537
1944
U.
S.
Government,
contracts
2,712,825
2,753,610
Net
income
_________
Preferred dividends
Balance
for
stock
&
$763,347), $3,496,095; inventories (less reserves of
$21,472,609; investments and other assets, $722,597; prop¬
equipment (less reserves for depreciation and amor¬
dies
unadjusted
retirements,
$13,210,711),
$7,377,160;
and
special tools, unamortized cost, $109,912; goodwill,
trade-marks, trade-names and drawings, $1; deferred
$230,971; total, $50,827,175.
special
"Bal.
for
tax
tax
com.
tax
adjust—
in
on
Federal
ties under
$5,799,712
$6,400,349
668,446
668,446
1,336,893
1,336,893
subsidiaries
are
$2,713,762
$4,462,819
$12,474,799; deferred income, $19,239; reseives,
$2,831,527; capital stock (par $1), $625,000; capital surplus, $20,180,151;
earned surplus, $6,676,475; total, $50,827,175.—V. 160, p. 54.
Total
Hire
2,216,147
3,532,087
4,166,876
497,615
930,732
Monongahela
included
West
above.—V,
Penn
revenues
(Fed.
Western Pacific
July-
160, p.
Service
$4,786,909
982,070
income—.
669,162
from
Gross
Net
Net
Co.
and
—V.
from
of
Net
Other
160,
7,963,101
202,138
369,272
965,753
$13,091,427 $11,843,604
2,598,241
1,419,255
694,012
298,267
112,433
109,710
757,648
724,940
$411,081
$355,278
$2,454,830
$2,189,811
Brl00,405
Crl0,570
Dr53,217
Br31,333
$257,459
6,745
equipment—
rents——
oper.
ry.
income
for
26,079,585
11,990,460
18,458,328
2,817,047
income—.
3,901,077
6,383,675
4,563,547
1,416,493
'
'
-1
5,207^
■■■/■'
■
....
-
r
$1,669,706
$1,608,193
$3,295,091
$3,002,939
225,788
183,509
420,290
375,131
1,155,135
1,068,513
2,299,841
1,970,856/
$356,171
$574,960
$656,952
$0.73
$1.18
$1.35
_
JJ
for Fed. income &
Res.
profits
excess
taxes.
Aa';v. A
y-
profits
$288,783
$0.59
.
1903.
159, p.
Valley RR.—Earnings—
from
from
Net
ry.
$3,147,978
1,171,492
1,871,986
$1,573,439/; j
A 526,580 V
$3,385,635
1,166,420
>
607,354
390,986
1,555,616
,312.131
22,910,918
18,001,690
9,838,855
railway—
19,831,426
6,904,462
9,802,650
8,720,897
3,137,997
income—
2,691,772
4,417,400
6,807,951
1,765,054.
oper.
income—
1—
railway
Net
from
ry. oper.
—V.
1941
1942
$3,055,462
railway
railway—!
from
Gross
1943
1944
July—
Gross
t
M
i—__
share.
per com.
Yazoo & Mississippi
160, p. 573.
•
/
'
•
,;•*
,<
York Corp., York,
The
elude
corporation
hospital
Pa.—Group Insurance—
expanded its group insurance program to in- a.
surgical operation benefits on account of 1 *
hourly paid insured employees, E. A. Kleinschmidt.-O'i
has
and
expense
dependents of its
Executive Vice-President;
The group
announced.
a
t
.f/:/
a:
plan for hourly paid employees will continue to be under-;.
Co. on a cooperative basis
whereby the employees, contribute fixed amounts and the employer,bears the balance of the entire net cost.—V. 160, p. 673.
:
(
written
the Metropolitan Life Insurance
by
•
Zeller's Ltd.
—
Preferred Stock Offered—An issue of
t
$1,000,000 5% cumulative redeemable preferred stock'
was
recently offered on the Canadian market at par'/J.
($25) by Greenshields & Co., Inc.
.
t
,
!
Drl73,415
Cr39,876
Dr219,168
Dr213,263
$334,515
$2,062,247
$2,016,424
4,375
Brl03,052
.
fixed
v
after
27,150
)
•••"
•••-■
.■
•
$264,204
fxd.
$338,890
$1,953,195
$2,043,574
9,432
chgs..
10,634
69,623
79,713
$254,772
$328,257
$1,883,572
"
'
'
$1 963 861
T
'
'
to
pay
assets
of
...^
or
normal
Road
tDoes
not
(in
prop,
not
being
net
earnings
equal
are
dividends
on
preferred
equal
to
at
are
Transfer
D1
defense projects:
Road
cash
to at least twice the amount required'-'!
stock issued and to be issued and net '.n
twice the total par value of preferred,,
stock issued and to be. issued.
'i.
>/, :
;,
:
t.
unless
Co.,
•
amort,
rpiMi
least
Agents—Barclays
T<Avnv«f
n rt
Trust
Montreal,
rt
2,657
2,660
18,338
deprec.)
28,355
28,355
198,489
198,642
deprec...
23,058
21,670
162,010
5%
cum.
6%
19,142
excess
cum.
178,458
include
interest
paid currently,—V,
being
160,
p.
accrued
673.
on
corporate
books
but
Common
sidiaries,
Co.
»•
of
n
Canada,
Montreal,
JBttitpf
Authorized
redeem, pfd. stock ($25 par(
$2,000,000
pfd. stock ($25 pari
1,090,000
shares (no par).—150,000 shs,
redeem,
Purchase
of
Trust
T) nrvinf
Co., Toronto.
Registrar—Chartered Trust
and Royal Trust Comply, Toronto.
Capitalization—
...
'.
dividends at the rate of 5% per annum, payable
quarterly by check at any branch of the company's bankers in Can-',
ada
(except Yukon Territory);
preferred as to assets and accrued,
dividends in the event
of liquidation;
redeemable as a whole or in.
part at 105-% per share and accrued dividends on 30 days' notice!1'*
Company has the right to purchase stock in the open market for* i f
redemption at any price not exceeding the redemDtion price.
Each
preferred share Is entitled to one vote.
No bonds, debentures or other//'
securities
ranking in priority to or pari passu, with the preferred ', ■
stock, save purchase money obligations, may be authorized without!!-!
the approval of two-thirds of the
votes cast by the holders of the; j;
preferred shares at a special meeting duly called to consider such arv
issue.
No additional issue of authorized preferred stock may be made
Royal
11,551,584
6,594.927
,
charges——
Equipment
473.
inc
(net)
avail,
"Includes
556,815
10,535,370
•
.
1941
$1,975,727
28,372,607
p.
9,509,678
30,152
taxes.
facility
Inc.
Net
1942
$2,990,501
1,210,832
railway
railway—.
oper.
-1,248,716
(other)
charges
January 1—
from
rv.
1943
$3,605,986
ry. oper.
From
'
railway--—.
railway—.
Net
$1,915,842
1,469,398
income)_..
after
Joint
573.
RR.—Earnings1944
from
Net
; 1944—7 Mos.—1943
$2,023,063
expenses.—
Department.
Public
9,096
'
—
charges
$2,997,732"
$3,285,995
2,888
preferential
r
■
issued by the War
1944—6 Mos.—1943
$1,605,305
3,663
1944—Month—1943
896,580
2,935,000 shares: $1.20 in 1944, $1.42 in 1943.
tReducon income
due to amortization of certain facili¬
1944—3 Mos.—1943
preferred stock ranks pari passu with the company's 6 % pfd.
stock issue; it is fully paid and non-assessable; entitled to cumulative
Period End. July 31—-
Net
532,237
Subs.)—Earnings1
$1,666,043
oper.
received
income
(&
Railway—Earnings—
Central
$5,063,456
1,908,602
plants
the
This
Wisconsin
tFixed
Gross
and renegotiation refunds (less U. S. Treasury notes,
purchased and held for payment of Federal taxes on
C,
$4,033,400),
&
taxes
not
$478,464
Finished
from
earns,
Total
income
on
series
income,
Taxes
$2,440,839
payable, trade, $3,916,460; payrolls, commis¬
sundry payables, $2,786,178; accrued taxes (other than taxes
$1,317,346; estimated liability for Federal and Canadian
and
Taxes
Necessity Certificates
Note—Account® of
$394,775
income),
"Total
special
adjutment
"Per share
tion
$3,382,208
incl.
adjustment
tSpeclal
$3,109,285
____
stock
before
surp,,
Liabilities—Accounts
tax
common
surp.,
$72,279
receivable
$9,153,959
1,384,259
___________
1,113,563
„
models,
charges,
5,279,700
income
278,902
Works.j
of
including
patterns,
with
announced
Empire
Net
plant, and
erty,
Subs.)—Earnings—
-6 Mos.—1943
Balance
$12,232,802;
trade
reserves
2,213,090
Gross
1,287,685
$1,594,161
1,115,697
232.
p.
Net
other conting.
Consolidated
932,820
Deductions
1,384,656
$1,508,339
'
cessation
—
Assets—Cash,
$5,185,028;
1,077,339
for
320,724
$351,180
278,331
require
From January
2,375,000
Prov.
319,694
Yale &-Towne Manufacturing Co.
$55,409,4^1
14,204.454
etc
$5,121,739
701,379
N.
as
1942
3,471,519
int.,
incident
exps.
div.
company,
the
—V.
1943
$54,027,629
—„—
after
Fed.
964,599
income—
on
56,368
$2,881,845
at Ambridge, Mass., and Chicago, 111.,
acquisition, to become effective Sept. 1, 1944,
Steel Corp., which has plants at Newark,
J., and at Putnam,
Conn.
The Newark plant will be operated
the Empire Works and the Putnam plant as the New England
of
2,357,435
—
-
1,157,841
taxes
Other taxes
45,469
$2,892,996
$671,904
Wyckoff Steel Co.—Acquires Connecticut Concern-— ;
356,628
(& Subs.)—Earnings—
6 Months Ended June 30—
2,640^000
Fed.
160,
Net
Earnings per common share.
$2,743,332
$15,556, 508 $14,897,527
____
643,800
$2,825,477
$353,296
Balance
Earns,
(less
revenues
391,600
$74,965
stock
-V.
160, p. 873.
of
2,041,953
Period End. June 30—
Operating
,
651,800.
320,100
Brill.;
$672,991
—.
$1,932,843
755,993
286,503
»
Power
1
other deduct.
income
Interest
650,094
oper.
special
Penn
-
1,785,811;
V
$2,847,527
,
$672,015
17,724
(net)
Depreciation
1;—
railway—__
railway
$879,010),
West
$2,224,615
932,160
270,443
359,567
from
628,461
2348.
p.
747,708
1941
From January
Gross
846,962
Elec-
adjustment
128,100..
$655,267'
income
Feriod End. June 30—
1942
$2,381,630
929,419
$2,135,160
railway
oper.
824,695
4,248,870
adjustment
tax
and
Net
-
Net
1943
railway-
from
4,531,395
$7,123,669
incl. special
adjustment
Special
income
6.427,564
inc.
Gross income
recently
of
high
new
a
1944
4,486,639
inc.,
tax
of
operating
Co.- -July War Output
& Mfg.
Wheeling & Lake Erie Ry.—Earnings—
10,568,300
131,467
Penn
lieu
tax
.
$3,212,889 $14,232,697 $12,726,053
profits taxes
on
117,716 persons, the company
on Aug. 28 reported its production of war equipment in July amounted
to $70,251,330 in net sales billed, 17% ahead of the same month in 1943.
New orders received in. July totaled $60,459,346 compared with $80,579,000 in July of last year.—V," 160, p. 573.
employment
1,920,256
139,863
——
profits
exc.
Inter,
share
cents
Westinghouse Electric
5,073,160
403,950
subsidiaries
Fed,'
taxes—
and
value, payable Sept, 30 to holders of record
par
no
declared
24
Aug.
on
stock,
each were made on this issue on
Jan. 3 and June 30, this year, and on June 30 and Sept. 30, 1943,
No
other payments were made in 1943 or 1944.
The regular quarterly dividend of $1.25 per share on the 5%
pre¬
ferred stock, par $100, was also declared, payable Oct. 1 to holders
of record Sept. 20,—V. 159, p. 2349.
Net
*"
Charges
Stationery Corp.—Larger Dividend
&
Distributions of 50
18.
2,380,129
$6,983,806
_
—
than
income
exc.
Other
Tablet
directors
common
Sept.
Profit
Gross
other
Federal
160, p. 573.
2,770,738
depl.
1944—12 Mos.—1943
$3,471,009
48,414
railway.—'—
oper.
ry.
—V.
2,253,127
retire.
$50,500
-Earnings^—
1944—3 Mos.—1943
revenues
Net
Net
Net
5,457,660
.—.
of
;
Operating
From January 1—
Net
$59,853,341
9,171,667
2,259,539
•
income—
on
taxes
credits
180,870
railway
Net from railway——
Net ry, oper. income
Gross
(& Subs.)—Earnings—
1944—6 Mos.—1943 ,1944—12 Mos.-
expenses
post-war
$698,369
159. p. 2126a '
1941
July-
Period End. June 30—
and
retirement
1943.—V.
$467,727
from
With
regular dividend of
stoclj:, no par
value, both payable Oct. 2 to holders of record Sept. 15.
Distributions
of 25 cents each were made on Jan. 3, April 1 and July 1, this year.
cents
debt
$49,218 for
1942
The
Wesson Oil
and
1943
160, p. 157.
An
deducting
1944
$666,240
1944
July—
Up—Employment Hits New High—
25
for
—'
___
$2,907,734
622,518
inc.—
net
Dividends applic.
—V.
49,626
$307,337
84,250
charges
res.
$3,737,989
44,672
$223,087
income.
Net
$3,723,849
4,502
(net)—.—
Interest
Misc.
$295,160
2,984
revs.—___
income
596,960
—
Wisconsin Power & Light Co.
Western
Other
"After
597,064
85,280
85,295
—
5,169
■■!
1,094,451
1,089,019
91,109
90,308
appropriation
projects
3,241
160, p. 473.
Gross
Federal
Income
Net
Warner Co.—To Redeem 6%
506,345-
527,885
$2,930,566
$2,414,714
$355,692
$250,289
•
charges
deductions
money
notes
and
maturing after Jan.
$340,000.—V.
160, p.
673.
;
5»
&
"C1
vn
and
Aiif
Aw
r
Executor!''"
i in;
Outstanding
SI.000.000
■>-"
1,000,000
125,000
shs.Ci
:
mortgages on store properties of sub-3 ,/
31, 1945, are outstanding to an amounts '
Volume
Number 4313
160
THE COMMERCIAL
& FINANCIAL CHRONICLE
1027
State and City Department
BOND PROPOSALS AND NEGOTIATIONS
f
'
V ARKANSAS
■
(State of)
Interest Payable Now — Halsey,
•
Stuart '/ & : Co.,
Sept.
that
1
952.
The
those
Arkansas
Inc., announced
a convenience to
as
,£*?lders of- $130,662,000 State of
savings
cases
in
totaling
as
$394,418.:
/-Board
in
interest
listed
were
Lee
and
State
Treasurer
Ed
Larson.
-Arkansas
highway refunding
bonds
of 1941, interest coupons
-maturing Oct; 1 next may be pre¬
sented at the firm's Chicago or
offices
York
-New
for
immediate
Pinellas County
Bond
Series 1944 bonds offered for sale
•payment.
Aug. 29—V. 160, p. 474—were
a syndicate
composed
on
CALIFORNIA
awarded to
tSan Francisco (City and County),
Calif.
Favors Two Bond Issues
Board
;
—The
of
Board
Supervisors
on
Aug. 14 is said to have declared
:its intention of submitting to the
voters, at the November election,
two bond issues, one for $12,000,000 for sewer work, and the other
/for $1,250,000 for
juvenile
a new
"detention home.
'
resolutions
The
both
of John Nuveen & Co. of
J.
B.
of intention
on
projects received unanimous
The $12,000,000 bond issue, rec'ommended
by
Mayor Lapham,
would: provide funds
for sewer
repairs
and" replacements, new
/trunk sewers, and a sewage dis'posal system.
•
Walnut Creek, Calif.
for
an
issuance of $70,000
bonds
the
for
The
trict.
Atlanta, Leedy, Wheeler & Co. of
Orlando, the Robinson-Humphrey
Co.
White,
are
election
being
on
the
school building
Pleasant
Hill
dis¬
proposal is said to have
of Robert J.
Assistant
County
Super¬
intendent of Schools.
FLORIDA
Florida
(State of)'
$5,000,000 In¬
terest Saving—The State Board of
SBA Accomplishes
Administration has effected a sav¬
ing of $4,866,358 in bond interest
/charges through early retirement
•and refinancing
of county road
and
,and
.the
bridge bonds during the year
half of its operations under
a
gasoline
2-cent
ment
the
to
of
Atlanta, and the RansonWichita, as 1.70s,
a price of 100.05, a basis
Davidson Co. of
paying
of
about
1.69%\
1944. Due
on
Oct.
Dated
Oct. 1,
1,
1952.
State Board of Administration
tax
amend¬
State, constitution,
it
est
rants drawn
can
basis of about
1.749%.
Due Oct.
1, 1955.
Bond
■
///;./
semi-annual
$101,000 coupon
SBA
refunding,
Series 1944 bonds offered for sale
Aug. 29—V. 160, p. 475—were
a syndicate composed
on
awarded to
of John Nuveen & Co. of Chicago,
J. Van Ingen & Co. of New
York, the Trust Co. of Georgia, of
Atlanta, Leedy, Wheeler & Co. of
Orlando, the Robinson-Humphrey
Co. of Atlanta, and the RansonDavidson Co. of Wichita, as 2.20s,
at a price of 100.03, a basis of
about 1.195%.
Dated Oct. 1, 1944.
B.
Due
Oct. 1, 1959.
on
Tarpon Springs, Fla.
Bonds
Purchased
with
tion
the
—
call for
In
connec¬
tenders
on
Aug. 29 of 1-5% refunding bonds,
dated
Jan.
1, 1939, due Jan. 1.
1974, it is reported that $24,000
bonds were purchased at prices
cash
war¬
—
Clerk,
Alfred
will
Nys-
receive
to
for the purchase of
exceed
interest
2%
revenue
Sept.
$49,000 not
coupon
bonds. Dated Aug.
1, 1944. Denomination $1,000. In¬
M-N.
terest
Due
Nov.
1
as
fol¬
$3,000 in 1945 to 1960, and
reported
at
after
at
price of
a
1944 and due
Dated Sept. 1,
par.
as
follows: $1,000 on
of
a
Works
municipally owned Water
System. The City will ac¬
cept the best bid of par or better
at the lowest rate of interest. The
bonds
will
be
delivered with the
Kansas
(State of)
Post-War Highway
Financing to
Be Subject of
Legislative Consid¬
eration—It is expected that new
will
taxes
be
the
on
agenda during the coming session
Legislature next year
for
raising revenue to finance
of the State
post-war highway construction.
The State's highway needs and
financial problems have
related
been
under
State
time
of the
study for some
council
highway
the
by
of
Chamber
tember
Commerce,
consider
to
a
number
of
proposals, including the following:
An
increase
in
the State
line tax from three cents a
five
to
gaso¬
gallon
estimated to yield
cents,
cense
—
Most of these already have
roads.
the
reached
end
of
their
useful
lives, it is said, while others have
as
traffic
has in¬
deteriorated
cases
some
in
would be enormous.
of
Proponents
taxes
costs
Replacement
creased.
claim
that
new
or
added
Kansas
if
uses
only its present gasoline tax and
license receipts to match Federal
have enough
available to obtain what
revenue
the
not
will
it
funds,
Highway Commission
"adequate" road system.
State
terms
an
-
debts.
board has
the county
bonds with
a par
savings in interest is es¬
timated at $4,471,939.
The board during the same pe¬
riod has called for outright retire¬
ment
before they were due of
and
the
bonds with a par
date called.
Oelwein, Iowa
value of $526,-
1014, 1019, 1026, 1051, 1057, 1060,
Bonds
Council
nance
sewer
revenue
Election
Bond
bonds
voters
city
will
at
election.
An
hospital
be
the
—
issue
of
completion
considered by the
November
;-v//
general
bonds/
—
authorizing
an
an
ordi¬ for l%s was made by Vieth Dun¬
of can & Wood of Davenport.
issue
on
State, to be determined by com¬
puting the amount of interest to
be paid at the rate or rates bid to
the
respective dates of maturity,
deducting
from
the
total
and
amount of
interest, to be paid, the
premium, if any.
No bid of less
than par and accrued interest to
the date of delivery will be ac¬
cepted, and all bids must be un¬
The bonds constitute
conditional.
general obligations of the State,
payable solely out of the mini¬
mum royalties which are received
from mineral leases provided for
in Act 93 of 1936, as amended by
known
"Road
as
Fund," and
save
and
except that portion thereof
which by Section 20 of said Act as
amended,
aside
credited
is
set
expense?/"or
Boards
and
other
or
State
authorized
are
for office
to 'Levee
Agencies,
Section
by
2(a) of Article IV of the State
Constitution, as added by Act 364
of
1942,
of
the
ties
by the electors
adopted
State
at
Nov. 3, 1942.
held
election
an
All minimum royal¬
be funded
authorized to
into
bonds by said amendment are re¬
quired to be paid into the ^State
Treasury and devoted primarily
to the retirement of principal of
and
to
interest
on
shall
authorized
bonds
under said Act,
issued
be
continue
be
to
and
collected,
dedicated and
applied to the pay¬
principal and interest on
said bonds so long as any of said
bonds remain outstanding and un¬
ment of
series
ment
A
institutional
bonds.
clared
excess
as
revenue
in
the
general fund. The State Treasurer,
pursuant
to
said
constitutional'
provision, shall have and ejccercise the right , to determine such
surplus proceeds, if any, for such
purpose as he, in his discretion,
may
deem
advisable, provided,
that
shall
he
determine
not
fund to be
excess
such funds
as may
revenue
any
except
have been col¬
hand
lected and which shall be on
and
in
excess
of the amount re¬
quired to meet all necessary sums
for payment of principal and in¬
terest on bonds payable out of the
proceeds of said royalties for the
next ensuing year following the
of such determination.
The
date
opinion of Wood, Hoffman, King
& Dawson, of New York, approv¬
of
these
bonds
will be furnished to the purchaser
1117,
1271,
1378,
1477,
recently passed
or
re¬
the
Sept. 1, 1949, or on any
payment date thereafter
par and accrued interest.
Rate
State
V/;/;■ //'/■"/ZZ ing the validity
LOUISIANA
1143, 1160,
Louisiana (State of)
Storm Lake, Iowa
1312, 1314,
Bond Offering—L. B. Baynard,
Bond Sale—The issue of $43,000
1380, 1407,
Secretary Board of Liquidation of
1492, 1500, airport bonds offered Aug. 28—v.
160, p. 773—was awarded to the State Debt, will receive sealed
Security Trust & Savings Bank of bids until 11 a.m. on Oct. 3 for the
Charleston, III.
Storm Lake, as Wis, at a price of purchase of $489,000 not to exceed
Authorized
The City 100.23.
Second high bid of 100.18 5% interest coupon or registered
1066, 1084, 1099,
1231, 1238,
1366, 1369, 1376,
1434, 1454, 1455,
1527, 1961.
1198,
KENTUCKY
Somerset, Ky.
;/-/'•//'kj $75,000
The bonds called bear the fol¬
Bond Offering — H. J. Finders.
lowing numbers: 743, 747, 748, 756, City Clerk, will receive sealed
757, 775, 819, 865, 893, 942, 947, bids;,until 7:30 p.m. (CWT) on
refunded- 962, 982, 986, 988, 1002, 1003, 1011,
Sept. 5 for the purchase of $35,000
since
value of $8,519,700. The original bonds bore in¬
terest at the average rate of 4.85%.
In the refinancing, the average
interest rate has been cut to 2.3%,
V'.-: The
on
be
of
State
other
any
•
•pledged two cents of the tax on
every gallon of gasoline sold for
the next 50 years to payment of
1950, will
the
option
1,
at
limits) than
except Texas. paid, provided that the surplus
Kansas has 128,000 miles of roads.
proceeds, if any, over and above
Some of the early day paved high¬
the amount required to pay said
ways were built as benefit district
principal and interest shall be de¬
outside city and town
—
on
Sept.
deemable
Inter¬
maturing
interest
$6,450,000.
A flat $10 passenger vehicle li¬
fee, • compared
with the
must be so conditioned. The pur¬
present average of $7.50, to yield
chaser will be required to furnish
$2,146,000.
v
'
necessary printed bonds. A copy
Adoption of a tax refund plan
of the bond ordinance and a state-,
for non-highway gasoline which
ment of the earnings of the Water
would add an estimated $3,000,000
Works System for the last preced¬
to $3,500,000.
ing fiscal year of the City and for
Increase in light truck license
that portion of the municipal Wa¬
fees from $5 to $10, and other
ter Works System fiscal year end¬
truck fees 5%, and an addition of
ing April 30, 1944, may be had 40 cents to the driver's license fee
by any prospective bidder upon
every two years, all yielding less
application to the City Clerk. En¬ than
$1,000,000.
close a certified check for at least
Although Kansas ranks only
1% of the par value of said bonds,
twenty-ninth in population, it has
payable to the City Treasurer.
more
rural road mileage (roads
approving opinion of Chapman &
Cutler, of Chicago, and all bids
•
ceases
Bonds
1961. Principal and in¬
terest payable at the First Gales¬ to raise about $15,000,000 or $16,burg National Bank.
Said bonds 000,000 a year more than it has Act 80 of 1938, as amended by
were
authorized pursuant to an in sight to build an "adequate" Acts 71 and 92 of 1940 of the State
ordinancce
passed by the City highway system after the war. Legislature, save and except 10%
The council's 75 members, from thereof which by said Act is re¬
Council on July 31, 1944, and are
all parts of the State, were sched¬ quired to be placed by the State
payable solely from the revenues
uled to meet in Topeka in Sep¬ Treasurer in a separate fund to be
to be derived from the operation
$1,000 in
•
est
M-S.
can
which estimates Kansas will have
Tallahassee on
.Aug. 8.;During its 14 years of
ranging from 73.25 to 74.
existence, throughout most of
which period it had but limited
ILLINOIS
.authority over county road and
Cairo Bridge Commission, III.
.bridge debts which had been inBond Call — Chairman /Cairo
■curred
in
large volume during
boom years, the State agency has Bridge Commission Ray Williams
'succeeded in reducing total in¬ announces that in accordance with
the provisions of Article II of the
debtedness, both principal and in¬
Trust Indenture securing the out¬ Iroquois Township (P. O. Crescent
terest, from $295,868,423 to $149,City), III.
.731,194. Current road and bridge standing 23/4% Toll Bridge Rev¬
Bonds Voted — At an election
indebtedness consists of $102,345,- enue bonds, dated March 1, 1941,
held in July the voters approved
;213 of bond principal and total in¬ maturing April 1, 1956, callable on
terest requirements, to final ma- any interest payment date prior to an issue of $47,000 highway im¬
.turity, of $47,383,981. According maturity, that bonds of this issue provement bonds.
^to the report, 120 bond issues had for constructing the Cairo, Illi¬
IOWA
nois-Wickliffe, Kentucky Bridge,
been retired in full as of June
aggregating $50,000, are called for
.30, 1944.
Algoma, Iowa
/
Bonds Voted
At an election
"Lafayette, Liberty and Wash¬ payment on Oct. 1, 1944.
Payment
of the principal held on Aug. 14 the voters author¬
ington counties," it said, "are free
:
of
bonded Z indebtedness
admin¬ amount of said bonds so called ized an issue of $42,000 airport
istered by this board, and it is be¬ for redemption, together with a site
purchase and maintenance
lieved that the road and bridge
premium of 2% % of said prin¬ bonds.
•bonded indebtedness of Baker, cipal amount, will be made on
Henry County (P. O. Mount Pleas¬
'Dixie, Gadsden, Hamilton, Jeffer- date called, on surrender of said
ant), Iowa
"son and Taylor
counties will be bonds in negotiable form accom¬
Bond
Sale
The
Iowa-Des
paid in full before the end of panied by April 1, 1945, and sub¬
Moines
National
Bank
of
Des
'1950."
j sequent coupons at the Chemical
Moines and the White-Phillips Co.
Florida's 1942 gas tax amend¬ Bank & Trust Co., New York.
of
Davenport, j oin11 y, were
ment put all road and bridge bond Coupons maturing Oct.
1, 1944,
awarded on Aug. 25 an issue of
will be paid on presentation and
matters in the hands of the State
•Board
of Administration
and surrender of such coupons. Inter¬ $75,000 county hospital bonds.
was
•
000 from 1949 to 1954 incl.
est
automotive
sealed bids until 7:30 p.m. on
lows:
Bond Sale—The
Offering
City
water
Sarasota),
that
on
Galesburg, III.
5
a
so
the City Treasurer
be issued in payment thereof.
tor
price of 102.50,
160, p.
Vieth, Dun¬
& Wood of Davenport, as l3As,
773—were awarded to
could be verified and inter¬
computed
trom,
a
B.
$1,000.
Due Sept. 1, as
$69,000 in 1948 and $70,-
follows:
Nov. 1, 1945 to 1949 incl.; $1,500
Nov. 1, 1950 to 1962 incl.; $2,000 at
Fund, 1943, Nos. ENov. 1, 1963, and $2,000 May 1, of interest to be in multiples of V4
2104 to E-2142, dated Sept. 1, 1943.
Two different
1964.
Second high bid of 101.75 or l/10th of 1%.
Building Fund, 1943, Nos. Bfor 2s was made by the Waukon interest rates may be named and
3312 to B-3431, dated Feb. 2, 1943.
State Bank. ///';/:/
/'•■/.: it shall not be necessary that all
Playground Fund, 1943, Nos. Pof the bonds of the issue bear the
260 to P-268, dated Jan. 27, 1943.
same rate.
No bid for less than
/; KANSAS
Free Text Book
Fund, 1943,
the entire issue will be considered.
Junction City, Kan.
Nos. T-484 to T-500, dated Jan.
Hospital Bond Proposal Pend¬ Principal and interest payable in
27, 1943.
lawful money at the State Treas¬
Holders of the above described ing—The State Bonding Commis¬
urer's office, or at the State's fis¬
warrants were required to present sion is said to have received ap¬
cal agency in New York City, at
petitions from the City
them to the Board of Education, proved
the
option of the holder.
The
City of Chicago, Room 356, 228 Commissioners, calling for the is¬ bonds will be awarded to the bid¬
North La Salle Street, on or be¬ suance of $30,000 municipal hos¬
der offering to purchase the bonds
fore Aug. 24, 1944, in order that pital construction bonds.
at the lowest interest cost to the
bonds, series 1944, was
awarded Aug. 29 to a local inves¬
2s, at
Called—J.
McCahey, President of the Board
of Education, called for payment
on
Aug. 25, 1944, the following
re¬
funding
as
Warrants
hospital
offered Aug. 30—v.
bonds
Chicago, III.
School
same
County Special Road and
Bridge District No. 11 (P. O.
Bartow), Fla.
Bond Sale—An issue of $30,000
Sarasota County (P. O.
endorsement
;the
Chicago,
Ingen
& Co. of New
York, the Trust Co. of Georgia, of
School Bond Issue Urged—It is
•reported that petitions
-circulated
Van
Polk
votes of the board. V
r
SBA refunding
coupon
Denom.
Waukon, Iowa
,
Bond Sale—The $28,500
Educational
-
Sale—The $100,000 semi¬
annual
sewer revenue
.
school warrants:
(P\. O. Clear¬
water), Fla.
'
v
Governor
are:
Spessard Holland, Comptroller J.
M.
bonds.
,
.
members
$150,000 water and
cost.*
without
bonds
Rouge,
will
Delivery
made
in
New Orleans,
or
cost to the
certified
be
purchaser.
check
for
of
the
Baton
without
Enclose a
1%
of
the
amouqt of the bonds, payable to
the Board of Liquidation of the
improve¬
Datqd Sept. 1, 1944.
State Debt.
> • f The city collects union dues as
Considered—; a* salary deduction ' when reA program of municipal post-war quested
by the A-%%
employee; the
W<«
union reimburses the city for any
projects involving a total outlay
'
*
.
4
...
»
■
_
J.,
.
J.
J
1
_
«
-
ments and other charges
funds.
New
spent or has
spend $290,580 in
has
Orleans
contracted
to
employees
is .recognized.
The
closed shop and the right to strike
specifically
outlawed
are
in the
the
original
agreement
and other establishments,
$12,979,060; hospitals and health
facilities, $1,433,500; public build¬
ings, $1,942,335; parks and recre¬
ational facilities, $8,544,291; hous¬
ing projects, $38,488,460, and mis¬
been
(P. O. Towson),
of Board
city's ability
safe limits '
;
"The
"covers
within
borrow
to
'/•••
f
program,"
continued,
he
wide variety of projects,
a
of which represent a longdelayed effort to deal ' with the
continuing problem oDobsolescence and depreciation of the city's
many
thereof
Townson,
bonds.
As between bidders nam¬
war.". V
ing the
same
tax rate,
as
1943.
Bond
receive
will
to "the
borlds,^]
allowing, for the premium,
Interest1 on premium,Will
bid
for
will
than
less
be
all
of the
considered.
Bids
shall be conditioned upon the un¬
Massachusetts have qualified opinion
in
lower
for
rates
tax
and 185 remain the same
in
Of
rate of
as
towns
and
The t cost of such opinion
bonds..
and
.
of the
with
a
per .thousand
last year.
Boston's
$39.90,
•
$50. The lowest rate is re¬
$14
1
.No. 10 (P. O. Eraser),
tax
ported for Russell and Gosnold, at
as
tax
Township School District
1943; Hinsdale" Clinton
second
Monson
and
351
the
$52.60, the same
each, the same
rate
for
1944
is
Certificates Called
Mich.]
District
—
payment Jon
Oct. 1, 1944, at par and
pccfue$
interest, 1939 certificates of in¬
debtedness Nos, 3, 4, 11 and. 20;
Dated April 1,1939 and due April
1, 1949.
Certificates will', be re¬
deemed at the Detroit Trust Co.,
calls
Secretary
for
decrease of $1.10 from
last year's rate; Cambridge under
Plan E, $37.90, as against $39.90
Detroit.s«;i,sef'for 1943; Somerville $40.30, a
a
of
$24.50,
an
10
Brookline
cents;
increase of $2.50.
Avon
sealed
Detroit,
B
d
Mid
Sale
^ The $2,020,00$ |
bonds,, offered Aug.- 29 " by Jhe
city's post?war capital. improve¬
MICHIGAN
Offering—It is stated by
Commission
and
callable
printing of the bonds
will be paid, by the Township; En¬
cities- listed by the Boston Real
Estate Board, the highest tax rate close a certified check for. $5,000,
in the state is that of Warren, at payable to the Township. •
or,
Chairman Perry Boswell that the
on
of Miller, Canfield, Paddock & Stone, of Detroit,'
approving
the
legality
of /the
1944, while 73 have increased the
cities
and
District, Md.
rate or rates of in¬
date
determining the net interest cos£
No
Ninety-three towns
—
announced
sale
House
-
if any/
Rate
Tax
Washington Suburban Sanitary
;,
terest, the proposal of the bidder
(P. O. Abbe-
Parish
Vermilion
for, payable to
crease
ceptable proposal and offering to
not less than par for the
pay
':7/// ■
to
in Baltimore City.
Delivery elsewhere will be made
at the expense of the purchasers.
The legality of this issue will be
Rate of interest to be in multiples approved by Michael Paul Smith,
of Vs- or one-tenth of 1%.
Bid¬ Attorney for the County Commis¬
ders may specify more than one sioners,
2nd by Niles, Barton,
rate of interest, but may not spe¬ Morrow & Yost, of Baltimore, and
cify more than one rate for any the approving opinions will be de¬
one
series.
The bonds, will be livered upon request to the pur¬
Enclose
awarded to the bidder naming the chaser without charge.
lowest rate or combined rates of a certified check for $100,000 pay¬
able to the County Treasurer.
interest named in any legally ac¬
physical pl^nt." Some of the proj¬
planned but their
construction was delayed by the
ects have been
Court
the
at
the
time after
reasonable
call
of)
bonds
Many Towns and Cities Lower
delivered to the purchaser
a
non-callable/; bonds,
first
the Commis¬ after
MASSACHUSETTS
The bonds will be
within
County.
of bonds
Massachusetts (State
upon all taxable property
within the entire corporate limits
of the
certified check
a
amount
not be considered as deductible in
pose
is a flexible one Commissioners, will receive seal¬
and can be prosecuted in part or ed bids until 11 A. M. (EWT) on
in its entirety ; as funds become Sept. 26 for the purchase of $2,available," it was pointed out by 000,000 not to exceed 5% interest
the Mayor, who explained that the Metropolitan District, 14th series
bonds.
Dated Oct. 1, 1944.
De¬
program contemplated Federal fi¬
nancial assistance because of the nomination $1,000. Interest A-O.
existing city debt, the city's tax Due $50,000 Oct. 1, 1945 to 1984.
of the
directed
and
the
of
sion.";/-
levy sufficient taxes for said pur¬
G. Selfe,
of County
"The program
limitations and the margin
authorized
are
1%
the
together with
collected,
for
bid
proceeds of said special assess¬
ments,
shall
prove
inadequate
then the County Commissioners
Bond Offering—James
Clerk
chasers. Enclose
the
and
Md.
Chief
cellaneous, $7,848,160.
accompanying his bid will be re¬ be awarded to the bidder whose
approving opinion of bid ; producer the lowest interest
Masslich
&
Mitchell,
of New to the Township; computed' from
York, will be furnished the pur¬ Sept. 9;,; to date/of maturity on
turned. The
and collect sufficient taxes
all assessable property with¬
Metropolitan District to
make up any such deficiency, and
in the event said taxes so levied
the union.
Baltimore County
the event such
upon
in
the city's pay¬
refunded to
roll bureau by
to the authority of the
levy
Dues collected after April 7 un¬
follows:
Highways, roads and streets, $33,- der terms of the new agreement
000,000; bridges and viaducts, $3,- were paid the union. • Collections
230,456; airport terminal and land¬ from all workers authorizing the
ing strips, $5,000,000; sewer, water $2 monthly deductions cost the
and sanitary facilities, $18,776,560; city approximately $6 which has
schools
by the terms of any structed, will fee sufficent, atI the
rates then existing, to provide for
cessful bidder may, at his election, the requirements of operation of*|
be relieved of his obligations un¬ the system and for principal jand
der the contract to purchase the interest of all bonds outstanding
The bonds will
bonds and in such case the deposit and to be issued.
Federal income tax law, the suc¬
referred
proceeds
shall at any time prove insuffici¬
ent for the purpose of the debt
service, the County Commission¬
ers are authorized and directed to
re¬
system of the Township
provision for the payment
taxable
be
Acts of Assembly above
In
after
by private holders from bonds of earnings of the water system, inthe same type and character shall cluding the extensions to be cor£
sued by the County Commission¬
ers for the Metropolitan District,
to workers.
funded
hereafter
original fund
for the debt service on all of the
to.
water
bond; form of bond substantially bonds, payable from the revenues
of said system, which shall be pi
same as bonds of the last pre¬
ceding series. The bonds will be equal standing- with the bond&*
delivered on or about Sept. 27, at above, but only on a certificate by
place of purchaser's choice. In the the Engineer of the Water System
of County Road
event that prior to the delivery of the Board
of the bonds the income received Commissioners that the estimated
bonds heretofore or hereafter is¬
pursuant
by
taxation
the
amend¬
as
and
made constituting an
of projects as
sifications
1924,
hertofore
ments
,
der
drainage systems installed pur¬
authority of Chapter
ed, the proceeds realized from the
levy and collection of such assess¬
for ac¬ 30 the city's pay-roll had collected
quisition, eliminating the delay of union dues totaling $11,020. How¬
legal proceedings. "7
*
1
« ever, the court ordered the por¬
The
municipal / post-war
im¬ tion of this amount collected un¬
provement program was announc¬
ed as comprisnig 10 general clas¬
; the
539 of the Acts of
from
municipalities in the State; un¬ of expenses 7 of operation
and
conditionally guaranteed
as
to maintenance, and will be secured
both principal
and interest by by a fir*t lien on such net reve¬
; The Township Board re¬
Montgomery and Prince George's nues.
Counties by endorsement on each serves the right to issue additional
1 oeated
property
all
exempt
the State and by the counties and
passed at its Jan¬
in the year 1943,
Maryland,
Session
uary ;
against
alone;
suant to the
by the city or is available
.
of
or
pending in court.
. i
,
<
>
The first payment made to the
the entire program, he estimated. union amounted to $5,593 and was
Mayor Maestri further disclosed for dues of a 829 ' workers from
that land for 95% of the projects April 8 to June 30 and covered
in the program has been acquired advance dues to July 31. By June
,
last amended by
as
Metropolitan
Dis¬
trict benefited by the construction
$4,018,636 will be required to com¬
plete plans and specifications for
;
Maryland (1930 Edition),
Chapter 732 of
the Acts of the General Assembly
Laws of
within
preparing plans and specifications contract.
An interim court opinion held
for part of the program involving
expenditure of $7,532,781 for work this contract "not invalid on its
on
which bids could be received face." A taxpayers' suit challeng¬
and work started within 60 days, ing the authority of the city to
the Mayor said.
An additional deduct dues for the union still is
'
authority of Section 335
Public
ant to the
of Article 3 of the Code of
of about $131,000,000 was
•
one
I tne County Commissioners pursu¬
«✓>» *
discuss¬ additional accounting expenses in
>
ed recently by Mayor Maestri and making the deduction, v.;
Machinery for
arbitration of
city department heads. The Mayor
stated
in
a
preliminary report disputes is set up, but the author¬
that he hoped the program would ity of the department head to set¬
be financed largely with Federal tle grievances and to hire and fire
bonds of both issues and not for amended, for the purpose of con¬
issue without the other. Prin- struction of a water supply sys¬
cipal and interest (M-S 1) pay¬ tem for the district and will not
a
able in Baltimore or New York. be
general v obligation of the;
General
obligations;
unlimited Township, but will be payable
tax. Registerable as to principal only from: the
revenues
of the
proceeds of special assesslevied by
is the
New Orleans, La.
Post-War Projects
1944
Monday, September 4,
FINANCIAL CHRONICLE
THE COMMERCIAL &
1028
Township Fractional School
o n
ment fund and
described in detail
District No.,2
in our issue of'^ug^-^lj/page!.,^?,
(?. O. R.F.D.,3,
bids at its office, 4017 Hamilton
were awarded to a syndicate comr
mium will be
Rochester), Mich,,
Bond Offering—Sealed bids will bids of two or more bidders are St.j Hyattsville, Md,,; until, 3 p.m.
Tenders! Wanted —1 Frank W. posed of Bankers Trust Co., Na¬
be deceived by the Secretary of | identical in all respects, the bonds (EWT)on Sept. 13,. for the. pur¬ Guthrie, District, Treasurer, will tional; City
'Banki/ and^Rh^ps,
chase
of the following coupon receive sealed tenders until Sept. Fenn
the Board of Commissioners until 1
^ apportionel equally be& Co.,
Inc.,"'-all of New
'*•
of $50,000
issue
Sept.
19 on an
drainage bonds.
Bids
Other
Me.
The
—
,
$80,000 re¬
city
hall
bonds
awarded Aug. 24 to Halsey, Stuart
& Co., Inc., as Is,' at a price of
100.788, a basis of about 0.921%,
as
previously noted in v. 160,
p. 875, were also bid for as fol¬
and
lows:
; Int. Rate Rate Bid
Bidder
First
National
Bank
of
%%■
Trust
&
W.
102.139
1
101.10
Savings
Bank 7
It.
100.08
1V4%
Chicago
Harris
Pressprich &
Co.
H. M. Payson & Co.
V\ ('c
and
Whiting,
,
Weeks
pay
bonds
all
of
v
aggregating'$590,000;
York; Mercantile-Commerce Banfc.
6 Trust Co., St. Louis, and Crouse,
Bennett, Smith & Co., of Detroif,
Bonds Called
R. T. Berger, at a
price of 111.102. Other bids
Acting City Treasurer, calls for included the following:
Halsey,
payment on Oct. 1, 1944, at the! Stuart & Co., Inc., Blair & Co.,
in 1955 to 1974, and $15,000
National Bank of Detroit, series
/' in 1975 to 1984.
The bonds
Inc., Dick & Merle-Smith,.. and
will. be awarded at the high- A-2 bonds Nos. 119 to 129, dated Associates,
offered
a
price 7of
7% est price, not less than par March 1, 1942 and maturing April 110.778; The Northern Trust Co.
963. Ai^' of Chicago, in account with Chase,
and accrued interest, offered 1,
such! bidders,
but if
unacceptable, the
County Commissioners will deter¬
tween
15 of 1937
$400,000 Series EEE (water main
and
sewer
construction)
mine to which of the bidders the // /bonds. Due Sept. 1, as follows;
The low¬
' I bonds will be awarded.
$5,000 in 1945 to 1954, $10,000
MAfrrc
funding
the largest pre¬
accepted; where the
to
this shall prove
A vgusta,
c
offering
villa), La.
&
est
rate
of
rates
or
be determined
on
interest
will
the basis of the
lowest interest cost to the County
of
the
bonds
so
issued, from the
date of their issue to the last date
of
fered
any
for
..
the
lowest
interest
bid upon a multiple
tenth or one-eighth
and
than
oil.
no
bid
may
rate
one
this
rate
of oneof 1%,
more
name
the
for
issue.-:
bonds
paid for such bonds
in any such proposal.
Principal
and
interest
payable in lawful
money at the Union Trust Co., of
Maryland, Baltimore.. The bonds
will be issued subject to registra¬
tion as to principal only at the of¬
fice of the Safe Deposit and Trust
Co., of Baltimore, Registrar. The
bonds are issued pursuant to the
authority of Section 336 of Article
'V
Maryland,
as
Township, East Rock-
wood Water District
7/ 777;'
(P. Oi
Flat Rock), Mich.
1
Offering—Harold E. Law,
Bond
National Bank of New York, Bank
of America National Trust & Say¬
ings Association of San Francisco,
and others, bid a
amended.
;
190,000 Series FFF
i;
on
Sept.
9
for
the
purchase
of
$53,000 not to exceed 4%% inter¬
est coupon water revenue bonds.
price of 110.205.
Ferndale School District,
Bonds
a
Chapter 122 of the 1918 Acts
of the General Assembly of
.r;
Brownstown
Authority:Jrec^ve
sealed bids until 11 a.m. (EWT)
imo
be
to
—
■
of the bonds,
by adding the; dollar amount-:of
interest payable on each bond ; to
maturity under any proposal and H
deducting from the total thereof
the amount of the premium of¬
maturity of
refunding bonds.
Birmingham, Mich.
And
District
Certificates
Mich.
v
Called
Elizabeth
that various
1935 Refunding, Series C bonds,
dated Oct. 1, 1935, maturing Oct.
1, 1962, Nos. 359 and 585, and all
outstanding certificates of indebt¬
edness, dated Oct. 1, 1935, matur¬
ing Oct. 1, 1945, are called for
payment on Oct. 1, 1944, at par
and f accrued
interest to ' ;date
called. '
;
,\
—
Beasley
Secretary
announces
(water sup- Dated July 1; 1944.
Interest J-J.
1, as Denoms.; $1,000, $500 and $100.
1945
to Due July 1. as follows: $1,000 in
1969, and $6,000 in -1970 to 1948 to 1955, $2,000 in 1956 to
MARYLAND
1984.
The
bonds
will
be
I960,, and $2,500 in 1961 to 1974.
Baltimore, Md.
awarded at the highest price,
Optional on 30 days' notice, in in¬
/
City Collects Union Dues—An
not less than par and accrued verse numerical order, at
par and
unusual system under which Bal¬
;•
interest, offered for the low- accrued interest, as follows: Bonds
3 of the Code of Public Local
.
timore collects union dues of per
■,
est interest rate bid upon in maturing July 1, 1974, on Jan. 1,
Said • bonds
and
Laws oLMaryland (1930 Edition)
certificates']
diem employees of the municipal
/ r :a multiple of one tenth or one- 1948;
bonds
maturing
July
1,' should be delivered to the Detroit
as originally enacted by Chapter
public
works /department
and
eighth of 1%. Bidders are re- 1973, on Jan. 1, 1949; bonds ma¬
539 of the rActs of the General
Trust/Co., Detroit, for payment.
^
turns the money directly over toquested to name the interest turing July
1,^1972/on Jan. 1, Interest ceases on date called.'/Assembly of Maryland, passed at
the labor union, now is in effect.
rate or rates, and each bid
Z77.
h/
1950; bonds maturing July 1, 1971; /C^/77 7'.
its January Session in .the year
Grand Rapids, Mich.
The union pays the city costs of
may name one rate for part
^
on
Jan. 1, 1951; bonds maturing
1937, and lithe, bonds; are issued
collecting the dues, the Interna-!
:
of the bonds of this issue and July,!.! 1970, on Jan. 1, 1952; bonds 7 Bond Offering—Louis F. Battin accordance with an ordinance
tional City Managers Association'
7another rate for the balance,
maturing July ,1, 1969, on Jan. 1,; jes, City Clerk, will receive sealed
duly; adopted by the County Com¬
reports. 7 7'7"!';"
but v no
bidder
until 5:30 p.m.
,j missioners on
may
name 1953; bonds maturing July 1, 1968, bids
(CWTr on
Aug. 24, 1944. The
more than two rates for this
A new agreement, drawn up to
on
Jan. 1, 1954; bonds maturing Sept. 11 for the purchase of $46,bonds are issued upon the full
V.
issue. Authority: 1937 Acts of
eliminate the court's objections to faith and credit of the
July 1, 1967, on Jan. 1, 1955; bonds 000 special assessment refunding
County
the
General
a former similar contract between
Dated Oct. 1, 1944.
Assembly
of maturing July 1, 1966, on Jan. 1, bonds.
DeCommissioners and said full faith
the city and the union, recognizes and credit are
Maryland. /
'
7
1956.
Rate or rates of interest to nom. $1,000. > Due $23,000 Oct/%
irrevocably pledged
100.694
Stubbs
National 8hawmut Bank
of Boston
11/4 <!e
4
100.52
/j: ply
'
bonds). Due Sept.
follows:
$4,000
in
■
.
.
.
1
■
'
.
.
.
,
the
union
as
the
sole
bargaining
for all employees as a
group but does not deny the right
of individuals to bargain with the
municipality.
7
\
...
agency
of 1%. Prin-! 1952 and 1953. Rate of interest to
Dated be in multiples of
be in multiples of 44 of 1%. Print
Septa l, 1944. A separate bid for cipal and1 interest payable at the;
bonds,
each issue is required, but any Bankers Trust Co., Detroit.
The cipal and interest payable at thfe
Issued oh
The primary fund for the pay-' proposal for both issues may pro- bonds are issued pursuant to the; City Treasurer's Office.
for,
ment of the principal and interest vide that such proposal is for all' provisions of Act 94 of 1933, as the full faith and credit of thO
for
the
payment of the maturing
principal
and
'<■
.
i
i
of
Denomination
$1,000.
the
.
-I-."-.:./
;
interest
7
i-
j-u
■
Vk.'tr7
•m.ety
'Ai
r -ma
A, 11
Ad.u vOVji;; 'l
;':d
'"{:
-
-4 1
Volume
authority of Act No.
under
city
000
"in 1947
Oct. ,1
on
to
'Miller, Canfield, Paddock & Stone
of Detroit, approving the legality
The cost of such
the
bonds.
the
of
conditioned
be
unqualified
the
<
upon
legal opinion of
opinion shall be paid by the city.
The cost of the printing of the
bonds is to be borne by the pur¬
chaser;
for
Enclose a certfied check
-
said
'of the par value of
2%
fbonds. '
v3 /;■ Michigan (State of) \
'1
and
as
3%
Interest
The
1944.
thereafter
on
to
bonds
are
,
syndicate com¬
Mercantile - Com-
•200,000 3s to
posed
of
Hol-
two
maturity.
municipal airport in St. Paul
cities
mission
authorizing
take
to
including
over
leases,
all
the com¬
operation,
agreements
the
: and contracts now in forbe at
fields:
v
1, 1948; bonds maturing in
1961, callable on any interest date
on and after Oct. 1,; 1949; bonds
maturing in 1960, callable on any
interest date on and after Oct. 1,
/
Wold-Chamberlain field will be
the
merce
a
major
while
the
passenger
other
airport
terminal,
will be
Bank & Trust Co., St.
Louis; Union Planters Nation-
assumed
by the commission.
Contracts were approved with the
was
Oct.
?
000 in 1966,
Z
•
"
man
payable A-O.
dated Sept. 15,
/.://
Bonds maturing in 1962.callable
on any interest date on and after
said.
lain field in Minneapolis and
all bonds
-Interest A-O.
association
:
:;
Full control of Wold-Chamber¬
ing 1%% interest to Oct. 1, 1951,
'shall
Bids
Michigan, 1943. $180,000
1963; $25,000 in 1965 and $50,1968 and 1969.
creasing number of private fliers,
1952;
2s, due on Oct. 1; $20,000 in 1953, $30,000 in 1954 to 1956,
and $35,000 in 1957 and 1958; the
remaining $200,000, maturing $50,000 on Oct. 1 in 1959 to 1962, bear¬
202, Public Acts of
1029
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4313
160
Convention
Constitutional
State
is said to have
given its final ap¬
proval to the proposal calling for
a new and far-reaching system of
classifying property for taxation.
The State's
present constitution
'
al Bank & Trust Co., Mem- prohibits property classification
y: phis, W. R. Stephens Invest- for taxation by requiring that all
y '
ment Co., Little Rock, and the taxes must be uniform and levied
!
Proctor
M.
Masters/Co.< of accordingto the value of the
; Kansas City, at a price * of property.
V ;,' ' /
!
'•;"
V
112.7425,
a
basis of \ about
The proposed hew plan would
2.34%. Due $50,000 on April 1 establish three classes: Real
prop¬
y
'
from 1969 to 1972 inclusive,
y
T h e.'
Mercantile
-
ii
Commerce
erty, tangible personal
intangible property.
and
property
Personal
Charles M.
the
major special / services air¬ Bank & Trust Co. and Associates property could be sub-classified
Ziegler, State Highway Commis¬
port accommodating military was second high bidder for the still further by the Legislature
sioner, will receive sealed tenders
needs, plane repairs, sales and $700,000 block of bonds, naming and different tax rates could be
until 11 a.m. (EWT) on Sept. 11, 1950, and bonds maturing in 1959,
service, special charter and air a price of 114.881. A group head¬ applied to every class or sub¬
at office of Director of Finance, callable on any interest date on
contract
"■ ■■■■
service, private flying ed by Ira Haupt & Co., New York class.
State Highway Dept., Room 332, and after Oct. 1, 1951.
Principal and other special uses in the pub¬ City, and including ^ Hornblower
Under the plan, real estate and
State Office Bldg., Lansing, of all and interest payable at the Detroit lic interest.
& Weeks,' Marx! & Co., Baum,
*
1
/ V ' \
tangible personal property could
issues of highway refunding bonds Trust, Co., Detroit.
The ; commission is authorized Bernheimer & Co./ William - R. be assessed at only a percentage
dated Feb. 15, 1939, April 16, 1939
to issue up to $15,000,000 in bonds Compton & Co. and Southern Se¬ of its value.
Second high bidder for the is¬
; Intangibles, such as
arid March 1,1940. Bids to remain
Co.,
Little Rock,
was stocks and
for airport improvements. Opera¬ curities
sue was an account composed of
bonds, could be taxed
firm through Sept. 13. No tenders
tions of the commission are ; fi¬ second high bidder for the $200,John
Nuveen
&
Co., ;; Miller,
up to 8% of their income, but nonabove par and accrued interest
nanced by levies against the two 000 3s, offering a price of 112.56.
Kenower & Co., Stranahan, Harris
income
producing intangibles,
can be considered and bonds pur¬
cities based on their respective
& Co., Inc., and Martin, Burns &
such as
demand bank deposits,
Missouri (State of)'.
Tenders Wanted
%
—
,
,
chased
are
to be delivered to pay¬
Corbett.
The bid
was
a
price of
bonds 100.01, a net interest cost of about
op or before Sept. 16, accrued in¬
2.001%/for the bonds divided as
terest being computed to that date. follows: For
ing
agent specified in the
$300,000, due Oct. 1,
Township
Nankin
L
District
School
(P. O. Inkster), Mich. Bond Call'— John R. Stinson,
li No.
7
District
Secretary, calls for pay¬
1947 to
1958, as 2V4S, $100,000, due
1959 and 1960, optional in¬
versely Oct. 1, 1950 and 1951, as
Oct. 1,
iy2s, to Oct. 1, 1951, and 3s, there¬
and after to maturity, and $100,000,
accrued interest, refunding bonds due Oct. 1,1961 and 1962, optional
Nos. 39 to 58, and 60 to 63, dated inversely Oct. 1, 1948 and 1949, as
April 1, 1938, maturing April 1, VAs, to optional dates, 2s, there¬
ment
Oct; 1, 1944, at par
on
presented
for redemption to place of pay¬
ment designated therein* .
v1968.
Bonds should be
Norton Township (P.
OiRoute 1,
after to Oct.-1, 1951,
after to
and 3s there¬
maturity.
Tenders Wanted—E. G.
Sluyter,
Secretary, will
receive
sealed tenders until September 27,
District
Muskegon), Mich. ;/
V': 'Bond Sale—The $115,000- semi¬
annual water and sewer system
at
7:30 P. M.
(EWT), of 1935 re¬
funding bonds Series A, dated Oct.
1, 1935.
V, —/
Offerings should be firm for
-Aug.. 28—V. 160, p. 875— were
Tenders should des¬
awarded jointly to the' Channer five days.
securities
offered,
giving
Securities Co., and Barcus;.Kind¬ cribe
revenue
bonds offered for sale on
,
Co., both of Chicago, as 3s,
at a price of 95.06, a basis of about
3.37%. Dated Aug. 1, 1944. Due
on Aug. 1 in 1948 to 19742 ^
.Second highest bid is stated to
have been entered by Pohl & Co.:
red &
series letter.
Tenders should state the sum for
series
number
and
assessed
tribution
valuations.
is
63.45%
dis¬
Present
for
Minnea¬
polis and 37.35% for St. Paul/'
A state law passed last year
creating the metropolitan airports
commission
included an appro¬
Murray Bill
Proposes Develop¬
Basin—Associ¬
ated Press advices from Washing¬
ton
could not be taxed.
on
Aug.
18 reported as fol¬
priation of $1,000,000 to the Gov¬ Authority ' with, instructions ' to
ernor, for use in airport develop¬
submit to Congress within two
ment
work beneficial
"to the
years a comprehensive plan for
State as a whole." The TWin Ci¬ full
development of, "the greatest
ties commission is expected to re¬
single river system in the United
quest a substantial allocation from States," was proposed today in a
this fund to prepare airport de¬ bill
by Senator Murray (D., Mont.)
velopment plans for the area, for
Senator Murray told the Senate
preliminary
construction
work that the time for "ox-team, plow
•All purchases
of
a
..
.
.
and
possibly property acquisition.
and
ax
pioneering" :had given way
to "a pioneering of extensive de¬
(State of)
founded on
the
Municipal Airport Construction velopment ....
Aid on November Ballot—At the skills of the technician, the soils
general election in November the scientist, the geologist, the electri¬
Minnesota
.
voters of the State will pass on a
cal
and
<
water control..'' /
<
,
proposed amendment to the Min¬
nesota constitution which would
authorize the State to assist mu¬
engineer
the
expert
in
if full
use
supplies
buys
he argued,
of the river basin is to
to cover
//
.
•••».
.•;
.
made by any city,
out
tax funds
Missouri's
proposal ap¬
of
would be exempt from
2% sales tax under a
proved by the State Constitutional
Convention on August 17.
The issue of exempting these
governmental units from the sales
has
tax
been
raised
in
virtually
session of the State Legis¬
lature since 1933, when the sales
tax law was first enacted, and the
every
has rejected exemp¬
their sales every time.
Legislature
tion
One central agency,
for 2%
any
county,. , school t district i or
other; political.r division
which
on
.
must correlate all these activities
u.
then return-it to
intangible tax,
it came, except
collection costs.
Creation
;
the local communities from which
i ^y- / \
Missouri Valley
lows:
..
The State would; collect all the
Of Missouri
ment
Existing law provides only these
exemptions; Purchases ;by State
penal, eleemosynary and educa¬
tional institutions, for relief pur¬
nicipalities in airport construction
be achieved.'
and improvement; permit the im¬
j
This
agency/y under his
bill, poses, purchases of feed for live¬
and subsequent coupons attached
position of a tax on aviation gaso¬
stock, and transactions in inter¬
will be sold to the District. Tend¬ line and permit the imposition of would consist of three men, ap¬
state commerce.
,.,.4^,,,:;
ers1
specifying " the : lowest bid taxes on airplanes on the same pointed for nine-year., terms by
!
the President, with Senate con¬
price on bonds and interest shall basis. as motor vehicles. " •
MONTANA
" v
sent.
All existing public develop¬
Oakland County (P. O. Pontiac), be accepted up to the amount
St. ■ Louis Countji independent
ments
in
the
basin
would
be Sheridan County Sch. Dist. No. 20
V
'
}
Mich*' i.
available in the fund, providing
Sch. Diet. (Pi O. Buhl), Minn.
^ Tenders Wanted—The Board of bids are not above par.
(P. O. Plentywood), Mont.
placed under their control and
About
County Road Commissioners will $20,000 is available at the present
Bond. Offering Details
Bond Sale—The issue of $60,The they , would have power to initi¬
ate
such
others .* as they found 000 school building addition bonds
receive sealed tenders until 10 time.
0^: ?/ $42,000 not to exceed 2*4% int.
A. M. (EWT) on Sept. 5 of high¬
' v.'I'JiV/r.y 1 • / ;■• /i.
offered Aug. 3—V,*160, p. 373—
refdg. bonds for which sealed bids necessary.;
Southfield Township School Dis¬
Funds for the authority would was
way 'improvement
(coyert) re¬
will be' received on Sept. 5, as
awarded
to
the,; Securityf
trict No. 9 (P. Ov R. R. 3, ;
be provided by congressional ap¬ State
funding bonds, dated Nov. 1, 1935
Bank
of Plentywooq, as
previously noted in v. 160, p. 875,
Detroit)/Mick.
and due Nov. 1, 1958.
Inform¬
propriation and: an annual finan¬ iy2s.- 'Dated July 1, 1944.
......//
along with certain other details of
Bond Call—Ollie Kallman, Dis¬ the offering, are further described cial report to;the President and
ation as to amount of funds avail¬
NEBRASKA
able for :-i purchase of bonds may trict Secretary, calls for payment as follows: Rate of interest to be Congress would be required. •
'
The authority would have power
/be obtained from, the Board of on Oct. i, 1944, at par and accrued in multiples of % of 1%, and must
which the bond with April
1, 1945
•
•
,
.
...
'
-
Commissioners upon interest, refunding bonds of 1938
bearing the following .numbers:
1 to 7, 9, 11 to 19, 21 to 47, and
jRoyal Oak Township School Dis¬ 49 to 77. Dated Oct. 1, 1938 and
trict No. JO (P. O. Royal Oak),
due Oct. 1, 1968. Bonds will be
t ,
'
Mich.
redeemed at the Detroit Bank,
; Bond Call—John E. McClellan,
Detroit.
District Secretary, calls for pay¬
Wakefield Township School District
ment on Oct. 1, 1944, at par and
accrued interest, $15,000 refund¬
y^>(P. O. Wakefield), Mich.
Notes Offered
Rudolph F.
ing bonds Nos. 331 to 345, dated
Jan. 1, 1942, due April 1, 1966, and Coon, Secretary of the Board of
'callable on. any interest date. Education,
will
receive
sealed
Bonds will be redeemed at the bids until 7:30 p.m. (CWT) . on
Detroit Trust Co., Detroit.
.
Sept. 1 for the purchase of $46,000
County Road
request.
be
uniform/ for
all
maturities.
to enlist the services of any gov¬
Consumers
,
agency
or
,
■"
Royal Oak, Mich.
A' Bond Call—Minnie N. Reeves,
City Treasurer, has called for pay¬
ment on Oct. 1, 1944, at par and
accrued interest, certain outstand¬
ing series B refunding bonds of
1935, dated Oct. 1, 1935, due Oct.
1, 1965, numbered as follows: 113,
271, 339, 429, 492, 536, 667, 698, 720,
765, 861, 942, 1098, 1180, 1270, 1309,
1495," 1560, 1603, 1665, 1700,1777,
1850, 1921, 2004, 2087, 2166, 2280,
2310, and 2394.
The bonds are
subject to
should be
at
the
prior redemption
and
presented for payment
Detroit Trust Co.,
Royal Oak School District
Royal Oak), Mich.
Detroit.
(P. O.
/ v/;/
;; Bond Sale—It is stated by E. G.
Sluyter, Secretary of the Board
of Education,
that. $500,000 re¬
funding, Series AA-4 bonds were
awarded on Aug. 28 to a
syndicate
composed of the First of
Corp. of Detroit, Braun,
Michigan
Bosworth
Co., Inc., Paine, Webber, Jack¬
son
& Curtis, and Walling, Lerchen & Co., both of Detroit, at
&
interest cost of about
divided as
$120,000 as 2&'s, due $20,-
100.00, a "net
1.99%,
on
follows:
the bonds
Public Power District
(P. O. Columbus), Neb.
department
McCook Division Bonds Called
its over-all plan, if not af¬
—V..M. Johnson, General Man¬
ing business in Minnesota.
The firmatively disapproved by Con¬
ager, announces that the district
full faith and credit of the Dis¬ gress within four months after its
calls for payment on Oct. 1, 1944,
trict are pledged for the payment submission, would become effec¬
all outstanding revenue bonds of
v
• 'fV$
• 1
*
of principal and interest on said tive.
the McCook Division, being Nos.
/lit could charge for water and
bonds.
The most favorable bid
1 to 525, 23/4%, 3V4% and 3V2%,
shall be
considered to be that foifelectricity supplied to- con¬
sumers and would return to the aggregating $525,000. Dated April
complying with the terms of the
—
1, 1941.
Denom. $1,000. Holders
official notice of sale and quot¬ states, in, proportion to the value
of said bonds are notified to pre¬
of its property within each state,
ing the lowest rate of interest
sent same at any of the places of
5% of its gross revenues. - v; •
with the highest premium for that
The commission's power would payment specified in said bonds
rate. The District will have the
extend to the river and its trib¬ on Oct. 1, 1944, for redemption at
bonds printed and executed at its
redemption price on
date
not to exceed 5% interest tax an¬
utaries and also "to such adjoin¬ the
own
expense as soon as practic¬
ticipation notes. Dated Sept. 1,
ing territory as may be related to called, with respect to each such
able after their award,' and the
1944. Denominations to suit pur¬
or
materially affected" by oper¬ bond as is set forth on the face
successful bidder will be: notified
chaser.
Due Jan. 15, 1945. Prin¬
thereof, plus accrued interest to
ations under the authority.
by mail when they will be ready
Interest ceases
>
cipal and interest payable at the
Deep-seated controversies over redemption date.
for delivery. / Delivery
will be
on date called.
First National Bank, r Wakefield.
use of the water of the basin and
made at any bank in the State des¬
Successful bidders to furnish legal
what agencies shall be responsible
Custer County (P. O. Broken Bow),
ignated by the purchased in his
for construction and operation of
opinion at own expense, also pay
Neb.
bid. The District ,will also fur¬
for printing of the notes.
facilities on the river and tribu¬
nish the approving opinion of any
School District Bonds Called—
taries have engaged this Congress
The following bonds were called
MINNESOTA
reputable bond attorney located
through many weeks of hearings.
in the State to be approved by the
for payment on Sept. 1, 1944, at
/
Western states, disturbed over a
Minneapolis-St. Paul, Minn, i
succesful bidder. Enclose a certi¬
par and accrued interest, at the;
Supreme Court decision holding in
Municipal Airport Commission fied check for 2% of the princi¬
office of Robert E. Schweser Co.,
effect that tributary streams could
Takes
Over
Aviation
Develop¬
'
pal amount of the bonds bid for, not be used in a manner threaten¬ Omaha:
ment In Twin Cities—Aviation de¬
payable to the District.
;
School District No. 28,
ing navigation on the main stem, $16,000
velopment in the Twin Cities area
3 3/4% bonds.
Optional March
have sought, in the billion dollar
MISSOURI
entered a new era this month, the
V 1, 1944.
rivers and harbors and flood con¬
American Municipal Association
Kansas City Life Insurance Co.
21,000 School District No. 44,
trol bills in the present Congress,
reports. The Minneapolis-St. Paul
4% school bonds.
Optional
/ Ut
(Kansas City), Mo.
a statement of national policy as¬
metropolitan airports commission
/
Sept. 1, 1944.
Bond Sale—The $700,000 State suring a sufficiency of irrigation
took over operation of the two ci¬
-■
y / •/'. •. ; ■
of Arkansas highway refunding water.
Merrick County Sch. Dist. No. 11
ties' municipal airports and will
Senator Murray told the Senate
bonds offered for sale on Aug. 24
(P. O. Clarks), Neb.
direct all future airport activities
that this conflict between plans of
—v. 160, p. 875—were awarded as
Bond/Call—The district called
within a 25-mile radius of the ci¬
the reclamation service and the
follows:
y
for payment on Sept. 1, 1944, at
ties.
- •
•'
;;
army
engineers "epitomizes the
par and accrued interest, $9,000
The change in control of the $500,000 3V4S to E. H. Rollins &
reasons
for
failure to achieve
3% school bonds.
Sons, Inc., New York City, at
airports will result in a program
proper development of the river."
a price of 115.202,
a basis of
for unified development of an air¬
Neligh School District, Neb.
Missouri (State of)
v
about 2.26%. Due April 1, as
port system for the Twin Cities,
Bond Call—The following bonds
New System of Classifying Prop¬
follows: $50,000 in 1958 and
d^eiVnpd to handle needs of both
were called for payment on Sept.
1960; $150,000, 1961; $75,000, erty for Taxation Approved—The
commercial operations and the in¬ y.
ernment
Principal and interest payable- at
and
some national or State bank do¬
,
,
"
.
.
THE COMMERCIAL & FINANCIAL CHRONICLE
1030
1, 1944, at par and accrued inter¬
$18,000 2%% bonds and $9,000
3%% bonds.
V
est:
.
.
collections of $243,807,356, or
45%
of the total
levy, for the first half
of last year.
"-7r -ii.
-7
Assets of the State's 21 counties
Wahoo, Neb.
Bond
Election
election will be held
tion
An
—
the ques¬
on
of issuing $35,000
swimming
v'-V
pool bonds.
of June 30
as
Planned
i:
Ordinance
providing for an issue of $27,300
water
been
system
bonds has
passed on final reading.
Fort
"
'7
Lee, N. J.
—The
following figures were sub¬
by the above borough to
the Local Government Board, con¬
stituting the Municipal Finance
'■■■
Commission, at its meeting in
Trenton on Aug. 14:
mitted
Collection of 1944 taxes to date
amount
to
the
of
$320,478.48 or 53.07%
levy of $603,892.98.
1944
Collections
1943
of
for
taxes
a
similar period were $299,653.45 or
of the 1943 levy of $580,-
51.65%
170.65.
>
collections
Total
amount
of
1943
taxes
to
$522,517.82 or
89.70% of the 1943 levy of $582,501.13.
>
now
collections
Total
amount
now
to
of
1942
taxes
$532,007.90
or
of the 1942 levy of $603,-
88.14%
590.98.
Total
collections
amount
of
1941
taxes
to
$537,570.70 or
85.88% of the 1941 levy of $625,-
now
979.01.
Collections
■
ceivable
in
Assesments
of
1944
amounted to
to
$904.64
as
re¬
July
31st
compared
with
$1,076.83 collected during
similar period in 1943.
a
Hackensack, N. J.
Bond
Sale—The
$200,000 cou¬
registered general refund¬
ing bonds offered Aug. 29—v. 160,
p. 773—were awarded to Halsey,
Stuart & Co., Inc., New York City,
as
1.40s, at a price of 100.388, a
basis of about 1.354%. Dated Sept.
1, 1944, and due Sept. 1, as fol¬
lows: $10,000 from 1946 to 1950
pon or
incl. and $15,000 from 1951 to 1960
incl.
The
offered
0.60%
successful
the
bonds
to
bidders
re-
yield from
to 1.40%, according to ma¬
turity.
Other bids included the
following:
Bidder
B.
J.
Inc.
M.
Int. Rate
Van
1.40%
100.239
1.40%
100.191
Sachs
&
&
Boland, Baffin
Co., jointly
National
New
Bronx
Co.
&
1.40%
City
Graham, Parsons & Co.
and
MacBride,
Co., jointly
100.176
1.40%
100.143
call
announces
Oct.
on
1,
1944, of $410,000 3%% refunding
bonds, Nos. 322 to 731, incl., dated
Oct.
iy3%
*100.667
iy2%
*100.558
insure the sale of the tion facilities, hospitals, parks,
other
recreational
Principal and in¬ schools and
terest payable in lawful money facilities, he continued.
The Mayor emphasized that the
at the City Comptroller's office,
or at
the Central Hanover Bank public works program mentioned
& Trust Co., New York.
Com¬ in his testimony excluded a pro¬
parison of bids will be made by gram of the port, bridge and tun¬
taking the cost of interest to the nel authorities as well as pro¬
City at the rate named in the re¬ grams for housing. Housing alone
spective bids and deducting there¬ would involve an additional cost
from the premium bid, if any. No of $126,000,000, he asserted.
bid will be accepted for less than
In additional to Federal aid, the
the par value of the bonds and Mayor indicated that a subway
accrued interest thereon, and any sponsored
by
the
city
among
bid not complying with the terms larger
businesses revealed that
of the notice of sale will be re¬ $1,300,000,000 would be spent by
jected, and all bids must be un¬ private industry and business in
conditional.
The bonds will be the city on their post-war pro¬
quired to
bonds
3%%
such
principal
amount as to bonds maturing in
1958, and 3%% of such principal
amount as to bonds maturing in
1959,
On Oct. 1, 1944, the said
redemption price of the principal
1957,
amount
and
of
bonds.
A prescribed form of pro¬
posal will be furnished on appli¬
cation
to
the
premium will become due and be
each of said bonds,
upon presentation and surrender
thereof (with all coupons thereto
payable
appertaining maturing on or after
said date) at the principal office
of the Rutherford National Bank,
Lyndhurst, N. J„ or the City Bank
Farmers
Trust
Company,
New
Yorkr N. Y.
Any of said bonds
which shall at the time be regis¬
tered should be accompanied by
duly
executed
assignments
or
transfer powers in blank.
Interest
to
on
said bonds will
cease
be payable from and
1,1944.
accrue
or
after Oct.
South River, N. J,
Bond Sale—The $30,000 coupon
street improvement
semi-annual
bonds offered for sale
—V.
160,
p.
Aug. 28
on
774—were
awarded
to M. M. Freeman & Co. of Phila¬
delphia, as 1.40s, paying a price of
100.19, a basis of about 1.365%.
Sept. 1, 1944.
Due $3,000
1, 1945 to 1954 incl.
Among the other bids submitted
from Sept.
Bond
Offering—Rita E.
Village Clerk, will receive sealed
(EWT) on Sept.
14 for the purchase of $47,000 not
to
exceed
registered
storm
New York
100.10
100.09
Weehawken Township, N. J.
Bond
Call
—
Leo
P.
—
Clerk,
Carroll,
call
announces
street
coupon
paving
construction
or
and
bonds.
Dated Aug. 1, 1944.
000.
Due Aug.
1,
Denom $1,as
follows:
$4,000 from 1945 to 1947, incl.,
and $5,000 from 1948 to 1954, incl.
Bidder to name a single rate of
interest, expressed in a multiple
of 1/4 or l/10th of 1%.
Principal
and interest (F-A) payable at the
Peoples-First National Bank,
Hoosick Falls,
with New York
exchange.
The bonds are un¬
limited tax obligations of the vil¬
lage
and
the
approving \ legal
opinion of Dillon, Vandewater &
Moore of New York City will be
furnished
the
certified
A
successful
check
for
able to order of the
bidder.
$940,
pay¬
village, is
of
ommended
State
$993,000,000 Post-War Pro¬
000
post-war
in
public works
the instant hostilities
and
Guardia
on
told
the
State and
local
fi¬
local
facilities
should
sive evidence that States and
nicipalities
mu¬
unable to finance
are
sucli work, the Survey added, cit¬
ing the following reasons:
1. State
and
local
financing
would
be
logical sequel to the
a
resurgent desire for States' rights
and home rule; 2,
work programs
likely to be in keeping
more
of
Local
Government,
reported
Trust Co., Union City.
directly respon¬
from
forgetting that the most sat¬
isfactory type of employment is
that provided by competitive en¬
terprises.
date last year and their tax
collections for the first half of the
same
current
enues
year
for
year.
a
were
ahead
similar
of
rev¬
period
last
'•< :
•
Financial statements filed
by all
but 29 of the State's 567 munici¬
palities, according to Mr. Darby,
showed
a
766,417
on
total
balance
June
30,
with $47,412,919 on the
a
of
$49,-
compared
date
same
year ago.
Mr. Darby said the
only munic¬
ipalities
with
outstanding
de¬
,
faulted
antine
indebtedness
and
Somers
were
Point
Brigin
At¬
lantic County; Avalon in
Cape
May and Chesilhurst and Lawn-
well
undertaking ac¬
He urged that
Congress appropriate at least $40,000,000,000 for a five-year public
NEW YORK
Buffalo, N. Y.
Bond Offering—Frank M.
City
Comptroller,
will
Davis,
receive
sealed bids until 11 A. M.
on
Sept.
5
for
$950,000 not to
the
(EWT)
purchase of
exceed 6% interest
registered general im¬
Dated Sept. 15,
1944.
Interest M-S.
Due
Sept.
15, as follows: $150,000' in 1945,
$175,000 in 1946 and 1947, and
$225,000 in 1948 and 1949. Coupon
bonds, registera"ble as to principal
coupon or
provement bonds.
and
interest, will be issued in the
denomination of $1,000, and may
be exchanged for bonds in the
denomination of $1,000, or multi¬
ples thereof, registered as to prin¬
cipal and interest, at the option
works
program
scale.
The
on
nationwide
a
Mayor repeatedly as¬
serted that neither New York City,
or any metropolis in
the nation,
would
be
able
to
undertake
any
post-war public projects without
Federal aid.
The
city's entire program em¬
627
projects, of which
22% % are in a stage where the
city could start upon them im¬
mediately, he stated. Plans were
more than half
completed for an
additional 22lk% of the program,
braces
36%
are
and 19%
still less than half drawn
were
not yet
Mayor also disclosed,
Some
215
started, the
y
Offering—W.
E.
.
be
such
in
returned.
his
Enclose
de¬
bid will
certified
a
for $1,840, payable uncon¬
ditionally to the State
Past Fiscal
lowing
to
the
case
information
the
fiscal
Record
City of
record
official
fol¬
The
with
respect
Burlington's
is
notice
Treasurer.^
—
of
past
from
taken
the
sale:
Beginningwith the fiscal year 1942-43 and
Continuing through 1948-49 the
fixed annual principal and inter¬
est requirements increased
sub-,
stantially over those of previous
Local
Government
Commission,;
providing for refunding specified
amounts of maturing principal
by,
sale of refunding bonds fcom year
to year. The 1942 plan tentatively
provided for refunding bonds of
the aggregate prftiCipal amount, of
$345,000, of which $188,000 have
been refunded, including the $55,-•
000 now offered, leaving a balance
of $157,00Q. In 1943 the corporate
limits of the city were extended;-
$21,000,000.
ling, Secretary of the Local Gov¬
ernment Commission, will receive
sealed bids at his office in Raleigh
until 11
There
immediately
ments in the
be
of
needed
by
the
bonds
course,
improve¬
which must
new area
financed
with new
than
more
are
city,- $37,000
Offered
now
be-;
ing supplemented by. budget ap-r
propriation made possible by the
continued
refunding
with
the
$55,000 bonds now offered. Pres¬
indications
the
of
issuance
that
are
balance
the
refunding
bonds, $157,000, under the 1942
plan may not be necessary. How¬
Easter-
'(EWT) on Sept. 5 for
purchase of $92,000 not to ex¬
bonds, as
follows:
r.
a.m.
the
ceed 6% interest coupon
$37,000 sanitary sewer bonds. Due
March
1, as follows: $2,000 in
1947 and 1948 and $3,000 from
1959 inclusive.
further financing of needed
improvements by budget appro¬
ever,
priation which continued refund¬
ing would permit would be pref-,
erable
the
to
bonds
of
issuance
specifically
for
new,
such
im¬
provements because the legal re¬
strictions
in
fixing maturities of
not applicable to.
refunding bonds. Refunding bonds
bonds
new
are
be ~made
can
manner
to
mature
desired within
in
any
period of
a
50 years but new bonds must ma-.
refunding bonds.
1, as follows: $1,1965 and $5,000 from
ture in annual installments
ning
not
1968 inclusive.
from
their
ment
16,000
exceeding two and one-halfthe smallest prior install¬
water
Due March
in
000
1966 to
6,000
refunding
bonds.
on March 1 from
sewer
Due
$2,000
1962 to
33,000
1965 inclusive.
refunding
street
Due March
in
000
1
as
bonds.
follows: $3,-
times
ment
later
than
with
date
and
the
latest
no
installment
maturing within the statutory life
of
the
purpose
for which the
bonds
issued.
are
Durham, N. C.
4
Bonds Accorded High
'
All of the bonds are dated
Sept.
1944. Denomination $1,000.
A
each issue (not
separate bid for
than par and accrued inter¬
Rate or. rates of
est) is required.
interest to be in multiples of y4
less
of
1%.
Each bid
may
name
one
rate for part
of the bonds of any
(having the earliest matur¬
ities) and another rate for the
balance, but no bid may name
more than two rates for any issue,
and each bidder must specify in
issue
his
years
install¬
$3,000
*
1965.:
1,
begin¬
three
in 1963,
$18,000 in 1964, and $9,000 in
1962,
bid the
amount of the bonds
for each rate. Principal
and inter¬
est
payable in New York City.
General
obligations;
unlimited
registerable as to principal
alone; delivery on or about Sept.
22, at place of purchaser's choice.
tax;
The bonds will be awarded to the
bidder
offering the lowest inter¬
the City, such cost to
by deducting the
amount of the premium bid
est
cost to
be
determined
total
from the
aggregate amount of in¬
Durham is
North
in
are
all of the bonds until
their respective maturities. Bids
must be on a form to be furnished
one
No.
Rating—
of the three cities
Carolina
rated
1
whose
bonds
by the State Se¬
curities Advisory Committee, City
Auditor Dan H. Umstead notes in
his
financial
annual
of which
copies
holders
of
city has
on
its
are
statement,
Available to
the
an
city's bonds.
excellent fiscal
ord in that it has
bonds
and
The
rec¬
never
defaulted
never
refunded
maturities.
According to Mr..
Umstead's
report, the city has
$612,400 invested in U. S. war
bonds, of which $225,000 is part
of the post-war capital reserve
fund of $239,936.
Total taxable
any
valuation
of real and
personal
property for 1943-1944 fiscal year
was
$97,866,642, representing an
increase
of $4,576,346
over
the
1942-1943 aggregate of $93,280,296." As to tax title liens, the re¬
port shows that the accumulated
.
total of uncollected taxes for fis¬
cal years
terest upon
with costs with additional information by
side in Camden.
of the holder.
Rate of interest to totaling more than $196,000,000, the above secretary. The approv¬
The reporting municipalities col¬
be in multiples of V4 or one-tenth were in the
completed planning ing opinion of Masslich & Mit¬
lected a total of' $253,403,875 in
of 1%, and must be the same for
stage, and include streets, high¬ chell, of New York, will be fur¬
taxes for the first half of 1944, or
all of the bonds, but at no
higher ways, roads, viaducts, bridges, air¬ nished the purchaser. In the event
46.26% of the total levy, as against rate of
interest than shall be re¬
port terminals, sewer and sanita¬ that prior to the delivery of the
projects,
and
accompanying
check
of
CAROLINA
Burlington, N. C.
Bond
sub-committee
as
bonds
posit
ent
NORTH
works of the special
Committee
on
Post-War
as
by the terms of any Fed-law, the success¬
ful bidder may, at his election,
be relieved of his obligations un-"
der the contract to purchase the
eral income tax
property valuation to
are
3, local responsibility will
eliminate duplication of adminis¬
tration expenses, and 4, State and
local responsibility would be more
likely to keep those responsible
pro¬
tual construction.
taxable
and localities
sible;
public
plans
by
received
income
which resulted in increase of pop¬
ulation and increase of assessed
provement bonds.
August 16 that New Jersey's mu¬
nicipalities had more cash 011 hand
June 30, than they had on the
the
type and character shall be
same
with local needs and with capaci¬
ties of local pocketbooks if States
cease
Europe, Mayor Fiorello H. La-
—
provided only as a last resort
and after presentation of conclu¬
gram—The
city's post-war plan¬
ning has advanced to the stage
where it is ready to spend $223,000,000 of its projected $993,000,-
(State of)
Financing Rec¬
be
1949 to
York, N. Y.
York
bonds
private holders from bonds of the
nancing of such post-war public
works as may be necessary was years and would have necessitated,
urged on Aug. 27 by the Citizens a substantial increase of tax rate.'
Public Expenditure Survey, ac¬ In order to avoid the increase' of;
[: taxes a tentative plan was formu->
cording to Albany advices.
Federal aid for construction of lated, after consultation with the
re¬
payment on Oct. 1,. 1944, at
$12,000 31/2% hospital im¬
par and accrued interest, of $100,- Economic
Policy and Planning.
Dated Sept. 1,
000 general funding bonds, dated The committee initiated hearings
1944.
Due as follows:
$2,000 in
April 1, 1938 and mature $50,000 in New York City on July 27 and
1945 and 1946 and
$1,000 from each on
April 1, 1950 and 1951. Mayor LaGuardia was the first
1947 to 1954 incl.
The Mayor emphasized
They are part of an original issue witness.
New Jersey (State
of $550,000.
of)
The bonds, with all that all cities throughout the
Municipal Cash Balances Ex¬ unmatured coupon s
attached, country would be obliged to rely
ceed Last Year's—Walter R. Dar¬ should be
presented for payment heavily on Federal government
by, director of the State Division at the Commonwealth Merchants aid in formulating their post-war
sue
New
State and Local
quired.
House
for
interest
sewer
Has
li/2% Bonds
National Bronx Bank,
Township
5%
New
100.12
Doyle,
bids until 3 p.m.
^7': >">
For 1.40% Bonds
South River Trust Co
grams,
are
Hoosick Falls, N. Y.
on
gram
Fund -j To
Purchase
The City Sinking Fund
Commission will purchase an is¬
par.
City Comptroller's
office, or the above-named at¬
torneys. Enclose a certified check
for $19,000, payable to the City
accrued interest and
Comptroller,
H. L. Allen & Co
Sinking
at
1, 1941, in $1,000 denoms.
maturing Oct. 1, as follows:
$40,000 in
1955; $35,000,
1956; delivered to the successful bidder
$110,000 in 1957 and 1958; $115,- at the
City Comptroller's office,
000 in 1959.
Said $410,000 bonds
or at the Central Hanover Bank &
have been duly drawn and called
Trust Co., New York
(the pre¬
for demeption and will
be re¬ ferred
place of delivery must be
deemed on Oct. 1, 1944, at the
specified in the bid), on Sept. 15,
principal amount thereof and ac¬ 1944, or as soon as possible there¬
crued interest to the said date of
after upon the payment of the
redemption hereby fixed, plus a principal balance due
plus accrued
premium of 2%% of such prin¬ interest. The
legality of the issue
cipal amount as to bonds maturing will be examined by Caldwell,
in
1955, 3%
of such principal Marshall, Trimble & Mitchell, of
amount as to bonds maturing in New
York, and their favorable
1956,
31/4%
of. such
principal opinion will be furnished to the
amount as to bonds maturing in
purchaser
on
delivery
of
the
Jersey City, N. J.
Bonds
Borough Clerk,
for
redemption
For
Miller
J. S. Rippel & Co
*
For $199,000 bonds.
Bond
way,
were:
Bank,
York
Arlington, N. /. v
Call—Robert B. Gallo¬
Dated
Freeman & Co.__
Goldman,
&
Rate Bid
Ingen & Co.,
r
M.
total¬
and
Collection Data Submitted
Tax
as
North
Burlington Township, N. J.
r—
listed
ing $20,361,236 and total liabilities,
including approximately $6,700,000 in appropriation reserves,were
$7,184,269.
NEW JERSEY
Bonds Authorized
were
Monday, September 4, 1944
prior to 1939 is $45,289.
High Point, N.C.
Bond
Manager
Refunding
Roy S.
Urged
Braden
—
City
recom¬
mended
recently
to
the
City
refunding of ,$232,000 bonds bearing an interest rate
Council
of 3%
the
and $161,000 worth of city
bonds bearing an interest rate
of
Volume
5%.
Both
refunded
issues, he said, can be
now
without further de-
.{'• lay, although it will require
time
them
advertise
to
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4313
160
for
some
sale
plant, the New Bern board
power
of
will seek at
aldermen
Washington the
once an
prior¬
necessary
ities which will permit the build¬
Government ing of a new plant and the instal¬
.Commisison in Raleigh.
. ,
^ lation of two new boilers of a
The $232,000 issue includes de- modern type. The improvements
."faulted interest charges of $57,000, will be made with the proceeds
the city manager said. The origin- of a $375,000 bond issue author¬
ized by the city some time 'ago,
7: al issue was $175,000.
>
The condition of the municipal but it will be necessary to supple¬
through
the
Local
.
bonds
River
a
city
will be able to get a
much lower interest rate. The city
now
K^Tast spring refunded 4% and 5%
bonds at
under 2%.
rate slightly
a
of' the two issues,
Mr. Braden said, will serve as a
barometer for the refunding next
Refunding
•
ment that bond issue with another
in
the
And when the
submitted
Bern
"bonds'/This larger issue will not
be callable until May T of next
to
about
the
of
voters
be
New
asked
issue
of
$60,000 for the building of
cinerator. •. ■
7
to
about
in¬
an
*
.
bids
Call—R. P.
Bond
Aiken, Town
Treasurer, announces
and
Clerk
saving of more than $1,- numbered
a
000,000 over a period of years
through the refunding program.
Liberty, N. C.
and
••
funding bonds offered for sale on
Aug.-29
1, 3
v.
160,
.
11,r for $1,000 each; Nos. 10
The bonds
Due April
Hardin of Winston-Salem,
ham, paying a price of 100.014, a
net interest cost of about 2.47%,
on
the bonds divided as follows:
"
Wilmington, N. C.
Sinking Fund Quadrupled—The
-
has
1948
between
mature
and
1955,
quadrupled within
been
C. Nichols
on
$12,000 as 21/2S, submitted by McDaniel, Lewis & Co. of Greensboro.
4
"•
.
June
Co., New York City, the following
refunding bonds: $81,000' water
;and sewer bonds; $14,000 street
"
improvement bonds, Nos. 4 to 17*
"The bonds are dated Oct. 1, 1937
1962. Interest
subsequent to Oct. 1,1944,
must accompany the bonds,
"f
To Redeem Outstanding Bonds
invested by the
bonds.
coupons
'
official
notice
of
sale
in-
" eludes the following: The town
A" of Liberty defaulted in payment
principal and interest in
1930's and, to remedy
'7 this continuing condition, a refinancing plan was presented to
the bondholders in 1937. The plan
of
bond
the
has
has been
city in high-type
early
_
outstanding
Bonds
the
sinking
issued
were
fund
to
is
cover
and.™street
sewer
for which
maintained
water and
improvement
projects, and the bonds represent,
aggregately, over a million dol¬
lars.
information ;on
The
" and mature Oct. 1,
''•-'.I—The
interest
and
-
Sinking fund money
Elkins, Town
i;
v'
1943,
30,
been added.
...
Call—R. L.
Bond
% Clerk-Treasurer, announces call
"for payment on Oct. 1, 1944, at the
" Central Hanover Bank & Trust
:i
the
status
fund is part of the
accumulated for the city's
of the sinking
data
annual
second
report,
which
100.714
3%
North
Dakota,
f
Aldermen
as
have designated Oct. 7
special bond elec¬
financing the construc¬
the date of a
for
tion
work.
way
4
new
lows:
>
State
erect
Bridge
Commission,
school
a
a
Commission
that $25,Pomeroy-Mason 3V2% bridge
Par
.
"/Sj"7Auburn
'
.
133,
212,
and
now
outstand¬
and of the Uniform
Bond Act and in accordance with
Emergency Ordinance No. 5003,
passed by the City Council on
Aug. 14, 1944.
Enclose a certi¬
check
for
$1,250, payable to
th^ City.
University Heights, Ohio
Bond
Offered
Ethel
—
after date
Ayres,
Interest A-O.
the
Said bonds
denomination
respectively,
Bond
as
and
are
Oct.
Interest
pons.
"
on
$3,400 due April
like
months
due
amounts
until
thereafter
1,
Municipal
1950 cinnati,
each
six
Oct.
as
of
1944—B.
Due
follows: $10,000 in
to 1952, $20,000 in 1953
$30,000 in 1954 and 1955.
about
to
thority
of
re¬
of
are
mature, under au¬
the laws of Ohio
and of the Uniform Bond Act,
and in accordance with Ordi¬
No. 44-33, passed by
City Council on Aug. 23,
nance
Ohio
1949 in¬
1,
Issued for the purpose of
funding
a
like
amount
outstanding bonds which
date
(State of)
Price
1944.
Index
reported
Aug.
on
All of the bonds
Un¬
changed—J. A. White & Co., Cin¬
Bond
1950
and
the
clusive.
and
of
ceases
series
Oct.
called,
1, 1945 and
1,
lower rate of interest.
110,000
or
surrender
certain
City, which will
by call an Oct. 1, at a
mature
tation arid surrender; of such cou¬
1, 1945;
like amounts due each six months
until
on
of refunding
bonds of the
•
negotiable form, ac¬
companied by all Oct. 1, 1944, and
subsequent coupons at the Guar¬
anty Trust Co., New York City.
Coupons maturing Oct. 1, 1944,
and prior will be paid on presen¬
follows:
Bond $3,300 due Oct.
on
1948, and $15,000 in
1953." Issued for the
purpose
dated
said bonds in
mature,
$3,300 due April
called
follows: $14,000 in
as
to
to
...
are
1
sealed bids on Sept. 1
purchase of $135,000 3%
construction bonds. Dated Sept.. 1,
of
"7.,,,
of said bonds will be made
of Education,
1,
1946
1949
1, 1936.
Due Oct. 1, 1956,
optional April 1, 1937, or on any
interest payment date thereafter.
Payment of the principal amount
the
1944.
Oct.
Oct.
(P. O. Burton), Ohio
Bonds
Director of
157, 184, 197, 204, 205, 206,
217, 288, 315, 317, 324 and
The bonds thus called
OHIO
Clerk of the Board
announces
337.,
high¬
•
7
Township School District
30
as
follows:
are
dated Oct.
1, 1944.
Denom. $1,000.
Bidders
may bid for a different rate or
y4
each
in multiples of
separate bid for
is requested.
Princi¬
1%.
of
pal
interest
of
rates
1,
During the past week there was
1964, inclusive.
an improvement in both the tone
of the Ohio municipal market and
Bellaire, Ohio
the activity.
Demand was some¬
Bonds Offered
Sealed bids
what better than in the previous
were received until noon on Sept.
week, but our index of the yield
1, by Blanche Daugherty, City for 20 Ohio bonds remains un¬
Clerk, for the purchase of $3,500
changed at 1.32%.
The yields on
not
to
exceed
4%
semi-annual
10 high grade and 10 lower grade
public'. works
construction bonds also are
unchanged at 1.14%
(FWPA)
bonds.
Denomination and
1.50%, respectively.
$350. Dated Sept. 1, 1944, Due $350
Port Clinton, Ohio
from Sept. 1, 1945 to 1954 inclu¬
A
issue
interest payable
and
the
at
office of the Director of Finance.
—
sive.
Other Bids—On Aug.
.
'
.
Berea, Ohio
7
sue
7
of
22
an
is¬
sewer bonds was
the Port" Clinton Na¬
$65,555
awarded to
Election—At the Novem¬
Bond
tional Bank, as
1st at par plus a
ber general election the
voters
premium of $111, equal to 100.16,
will be asked to approve an issue
a basis of about 0.97%. Report of
of
$270,000
property tax levy the sale appeared in v. 160, p. 878.
street and sidewalk repair bonds.
We give now a complete list of
If
approved, bonds will run for a unsuccessful bids:
at not to exceed
Bidder
, ' :
'
> Int.
4% interest.
" 7 Hayden, Miller & Co..
term of 10 years
7 Premium
Rate
Cleveland
Burton,
Bond Sale—The
Ohio
Braun,
7."• '•''••f\'.v•••': •"
■
V:*- '«*'>;
21.G3
1 Va 'la
767.00
VA </o
679.00
Vk%
V/4%
460.85
196.67
White & Co., Cin¬
Halsey,
by Lawrence
v'"s '•>*'.
A.
559.00
Toledo
Stuart
Chicago.
The Ohio
Assel,
\
&
Co.,
—,
Co., Columbus
Kreimer
&
Provident
;
f
.
220.00
Savings Bank
1V2%
'
137.67
Heights, Ohio
Offering—E. P. Rudolph,
of
Finance, will receive
noon (EWT) on
sealed bids until
,
—
•
'
•
sold
be
the
to
Conditional
will
bids
be accepted,
except that pro¬
visions may be made by the bid¬
der that in the event that prior
to the time the City notifies the
purchaser that it is ready to de¬
liver said bonds, the income de¬
rived
from
made
subject
said
bonds
shall
be
taxation by the
of Congress
to
United States, by Act
bonds
said
elect
at his option,
his offer to
may,
withdraw
to
purchase
said
purchaser ,of
the
otherwise,
or
and
bonds.
to
refuse delivery of
proceedings re¬
The
the
of
issuance
these
bonds have been taken under the
supervision of Squire, Sanders &
Dempsey, of Cleveland, whose ap¬
proving opinion may be obtained
by the purchaser at his own ex¬
pense.
Enclose a certified check
for 2% of the amount of bonds
Bond Call—Roy
of Finance,
on
ance
vof
150.
J. Madden, Di¬
calls for pay¬
Oct. 1, 1944, at par,
ment
bonds
Shaker
Bond
That the city of Winston-Salem
Camden, Ohio
Sept. 11 for the purchase of $125,5y2s.
The plan further provide $1,500,000 in city bonds;
Bond
Election—An
issue
of 000 D/2% series O coupon re¬
county
$750,000, and that
•; provided that through June 30, the
$25,000 storm sewer system bonds funding bonds of 1944.
Dated
1944, accumulated sinking fund $500,000 be solicited as contribu¬ will be considered by the voters
Sept.
1, 1944.
Denom. $1,000.
requirements for retirement of tions from citizens of Winston- at the November general elec¬ Interest A-O. Due Oct.
1, as fol¬
the new bonds should amount to Salem and Forsyth County.
tion.
•
lows: $10,000 in 1949, $15,000 in
"
Preliminary discussion, led by
$17,000.
At June 30, 1944, the
1950, $30,000 in 1951 and 1952,
r* debt had been reduced $17,000 Ralph M.' Stockton, hospital fi¬ 7";"" Cincinnati, Ohio
and $40,000 in 1953.
All or any
Bonds
Authorized
The City
and sinking fund cash on hand nance chairman brought out the
part of said bonds shall be sub¬
fact that there would be no neces¬
Council early this month passed
was $7,133.90.
With this fund and
ject to call for redemption at par
"{additional cash which will be sity for increase jn tax rates since ordinances authorizing issuance prior to their maturities on any
in the intervening'time prior to of
7 available for sinking fund contri$107,000 2i/2% bonds, as fol¬ interest date on or after Oct.
1,
77 77'
; bution
in
the meanwhile
the building the city should pay off lows:
1949, said bonds to be called in
that many bonds so that the in¬
$80,000 street improvement bonds. the inverse order of their matur¬
i town intends to call $14,000 of
debtedness
would be no larger
Dated
the
Sept.
1, 1944.
Due
$18,000 street improvement
ity, and if less than an entire
: bonds for redemption
and pay- than it is today. *
Sept. 1, as follows: $3,000 in annual
maturity outstanding shall
1946 to >1965 and $2,000
in
ment on- Oct. 1,. 1944, the remain- "Also, that it may not be neces¬
be called at any one time, the
sary to issue the full amount, but
1966 to 1975. "'>""77"7
ing $4,000 Oct. 1, 1945.
Proceeds
bonds
of
said
maturity to
be
that it will be desirable to have
7 27,000 hospital improvement
c of the bonds now offered will be
called shall be determined by lot
V used to redeem the $81,000 water enough bonds authorized so that 77 bonds.
Dated Jan. 1, 1945.
conducted by the Director of Fi¬
there will be no need to ask for
;
7
and sewer bonds on Oct. 1,1944,.
Due Sept. 1, as follows: $2,- nance.
Bidders may bid for7a
more money
in case the amount
d
000 in .1946 to 1952, and $1,000 different rate of interest in mul¬
"i:
"
Louisburg, N. C. 777 y" falls short.
'777. 7y7":,C? . 7'.. • 7
:
' in 1953 to 1965.
"v Bond Election—At an election
tiples of y4 of 1%, or multiples
Stockton pointed out that if the
thereof.
The bonds will be sold
Fostoria, Ohio
on
Sept. 19 the .voters will ; be present hospital is disposed of, as
Bond Election—At the Novem¬ to the highest bidder at the low¬
7 asked
to authorize the following authorities anticipate the city
bond
issues: $15,000 street
im¬ would have to issue fewer bonds. ber general election the voters est rate of interest, for not less
will be asked to authorize the than the face value thereof and
provement and $5,000 water.
>
NORTH DAf'OTA
Each bid must
following bond issues covering accrued interest.
>7"
•'
New Bern, N. C.
the
several post-war projects: $500,- state
principal amount
of
Aldermen Approve Power Plant Bentru Township (P. O. Reynolds),
"$22,000
interest.
not
rector
Vk%
& Trust, Cincinnati^
will
bonds
highest responsible bidder sub¬
mitting the lowest rate or rates of
bid for.
Co.,
Cincinnati
Director
Cook & Co., Cleveland.
,
7
Ryan, Sutherland & Co.,
a
made
1%'.
cinnati
basis of about
1, 1944 and
due as follows: $4,000 April 1 and
$3,000, Oct. 1 from 1946 to 1955
incl. and $3,000 April 1 and Oct. 1,
1956.
Second high bid of 100.067
was
Boswcrtji & Co..
cinnati
J.
Dated Sept.
l3/4s
$98.00
,
Fox, Reusch & Co., Cin¬
Webber, Jackson & Curtis, and
Hawley, Shepard & Co., both of
Cleveland, jointly, as l3/4s, at a
for
1%
,
Toledo
$76,000 refund¬
ing "bonds offered Aug. 28—v. 160,
p. • 679—were awarded to
Paine,
1.737%.
_r_
The
lating
.
Memorial hospital.
Winston-Salem "Journal" of price of 100.08,
tion of a
.
51/2% Oct. 1, 1947-62, for all outstanding bonds; $94,000 6s and
:
.
3%
tificates to finance post-war
Winston-Salem, N. C.
Hospital Bond Election Sched¬
uled— Members of the Board of
to
Bond Call—Ray Palmer, Secre¬
tary-Treasurer of the State Bridge
100.28
;
general election concerns
proposal to issue $12,360,000
highway revenue anticipation cer¬
is
provided for issuance in exchange, The
Aug. 9 reported in part as fol¬
> par for par, new refunding bonds
7
>
7'dated Oct. 1, 1937, payable Oct. 1, lows:
The proposed plan for financ¬
,fi1962, redeemable at par on any
Oct.
1, prior to maturity and ing the building, with construc¬
7. bearing interest at 4V2% to Oct.
tion to begin as soon as is possible
: 1, 1942, 5%
Oct. 1, 1942-47 and was presented to the board as fol¬
'1
of
published;
to be
soon
7
"
Bank
as
.
•
1%
issued
laws of Ohio
fied
Ohio
Bux¬
a_—
thereafter
Aug. 19.
tofore
Offering—Roy J. Madden,
Finance, "will receive
sealed bids until noon (EWT) on
000
Sept. 18 for the purchase of $227,revenue bonds are called for pay¬
7.-7... North Dakota (State of)
To
Vote
on
Highway Issue— ment on Oct. 1, 1944. Bonds bear 000 3% coupon refunding bonds,
One of the measures to be con¬ the following numbers: 4, 16, 19, as follows:.
Due
sidered by the voters at the No¬ 41, 54, 65, 101, 114, 116, 117, 124, $117,000 series of 1944—A.
ton
the
past three years, according to fig¬
ures released by City Manager A.
voters
(P. O. Columbus), Ohio
______
Bank,
the
the issuance of $150,-
bonds
in
Bank,'
Rapids
State
November
in
high school building at Damascus.
Rate Bid
Int. Rate
Grand
First
Damas¬
building at Goshen Center and
follows:
National
for
The fund at present stands at
2V4S, due on Sept. 1;
i
$4,000 in 1946 to 1948, $4,500 in $615,009, and by the end of the
)
1949 to 1951, $5,000, 1952 to 1954, current fiscal year will amount to
7$5,500, 1955 to 1957, $6,000 in 1958, over $700,000, it was shown.
In 1941, the fund totalled only
/
and $3,000 in 1959; the remaining
$15,000 as 3s, due on Sept. 1; $3,- $153,399. In addition to the $80,1 000 in 1959, and $6,000 in 1960 and 000 annual appropriations to the
7' 1961,
fund in the past three years, $200,V
'
.
>< Second best bid was an offer of 000 was transferred to it at the
.>100.015, for $69,000 as 23/4s, and close of the fiscal year ending
$66,000
■'f 5
as
000
The
Other
received
1, 1964.
p.
and
the First Securities Corp. of Dur¬
"
were
First
9,
to
877 — were city's sinking fund, the money for
jointly to yance, Young meeting long-term bonds that will
—
awarded
follows:
as,
dated April 1, 1939.
are
semi-annual.water and sewer re¬
7
1949 in¬
to
auction.
Bidder
and 12, for $500 each.
Sale—The $81,000 coupon
Bond
&
1945
at
.
1
1".
sold
was
a
but the city council already that the town has exercised its
has gone on record as approving
option and calls for payment on
v
the refunding of this issue at that Oct.
1, 1944, at par and accrued
"time. The city manager has estiinterest, $10,000 refunding bonds,
mated
election
will pass on
vember
Snow Hill, N. C.
year,
v
July 1 from
issue
(P. O.
ing and about to mature, and are
Bond Election—At the general issued under the authority of the
Grand
clusive. Callable after 1947.
Township
cus), Ohio
price of 100.742,
a
Bismarck
bond
a
approve
$125,000.
bond issue, is
new
they will also
spring of $3,490,000 worth of city
-
of
amount
of
Bank
Is, at
as
Goshen
basis of about 0.735%. Due $700
on
,
bond market is such that the
National
Rapids,
,
.
'
right
offered Aug.
25—v. 160,
774—were awarded to the Red
p.
1031
of
outstanding
series
1939,
Dated Oct. 1, 1939.
bal¬
refunding
No. 16 to
Denoms.
$1,000 and $500.
Due on Oct. 1
1945 to 1953, incl.
Payable
at office of the Director of Fi¬
from
nance.
Bond
Youngstown, Ohio
Sale—The $26,000
2V2%
judgment bonds offered by
the sinking fund' on Aug. 30—
v.
160, p. 775—were awarded to
final
Fox, Reusch & Co.
Dated Dec.
on
Oct.
of Cincinnati.
1, 1943, and due $6,500
1 from 1945 to 1948,
incl.
OKLAHOMA
Cleveland School District, Okla.
Bond Sale—An issue of $10,000
repair and equipment bonds was
awarded Aug. 14 to R. J. Edwards,
Inc., of Oklahoma City, as l3/4s.
Bank & Trust
The First National
Co. of Oklahoma
City, only other
bidder, named a rate of.
2%.
'
;
Garber School District,
Bond Offering—L. J.
Okla.
Anderson,
'
.
City Schools,
will offer
at public auction at
2 p.m. on Sept. 7, an issue of $8,000 repair and equipment bonds.
Due
$1,000 from 1947 to 1954,
Superintendent
of
incl.
Haskell School District, Okla.
bonds bid for.
Said bonds are
N. Dak,
;
i 000 sewage system, $180,000 mu¬
Construction- "V
Bond Sale—The issue of $25,000
Bond Sale—The $3,500 general nicipal building and $40,000 street issued for the purpose of refund¬
Deciding against further delay in
ing a like amount of bonds here¬ building bonds offered Aug. 21
improvement improvement.
{ the improvement of - the city's obligation .road
■
hand
Incinerator
-v.-vV
fciUV**
i
\ TEXAS;iv. ■'■■■/
due Oct. 1, 1964, and $20,000 5%
First Na¬ amount of the bonds, payable to
sewer bonds,
dated Oct. 1, 1924, Bexar County Water Control and
Co., and the the City Treasurer.
and due Oct. 1, 1964.
Both issues
Improvement District No. 3
R. J. Edwards, Inc., both of OklaManheim Borough Authority, Pa.
are optional Oct. 1, 1944.
(P. O. San Antonio), Texas
homa City, in joint account, as
Bond Call—Chairman John H.
Bonds Voted—An issue of $25,l%s, at a price of 100.004, a basis Hummer announces call for re¬
SOUTH DAKOTA
000 disposal plant and sanitary
of about
1.499%.
Second high demption on Sept. 1, 1944, of all
Kittleson School District No. 33
sewer system bonds was approved
bid of par for lV2s was made by outstanding serial sewer revenue
by the voters at a recent elec¬
(P.O. Henry), Codington
the Small-Milburn Co., Wichita. bonds which are scheduled to ma¬
tion. 'V''■/■.'''X'1 -V.iJ; ;• :
County, S. D.
The bonds matured $2,500 an¬ ture on Sept. 1 from 1951 to 1965, .;'v0v.
Bond Sale—The issue of $5,000
nually from 1947 to 1956, incl.
incl.
Redemption is being made
Breckenridge Independent School
10-year serial school bonds of¬
District, T ex as
pursuant to terms of indenture of fered
PENNSYLVANIA
Aug. 17 was awarded to a
Tenders Wanted—J.
G. HarSept. 1, 1940, between the au¬
local investor, as 3s, at a price of
Bloomsburg, Pa.
thority and the Keystone National
rell, President of Board of Trus¬
100.70, a basis of about 2.857%.
tees,
will
receive
sealed
bids
Bond Election—At an election Bank of Manheim, trustee. Bonds The
only other bidder was Kalto man & Co. of Minneapolis, whose until 8 p.m. on Sept. 15, of re¬
in November the voters will con¬ maturing from Sept. 1, 1951
sider an issue of $85,000 voca¬ 1955, inch, will be redeemed at a bid for 3s was rejected as it was funding bonds, Series 1940, bear¬
price of 103, and those due subse¬ conditioned as to semi-annual in¬ ing 3% interest, in the denomina¬
tional school bonds.
tion of $1,000 each.
No offer of
Bloomsburg at the present time quently to and including 1965 will terest payments.
Interest on the
bonds will be considered unless
has
a
bonded
indebtedness of be retired at the redemption price bonds is payable annually.
of 102.50, plus accrued interest in
at a discount price less than par
$225,000. Against this, $60,360.87
awarded
was
CANADA
the
to
1944
Monday, September 4,
FINANCIAL CHRONICLE
THE COMMERCIAL &
1032
tional Bank & Trust
.
>
the sinking fund to¬ each instance. Bonds surrendered
payment of coupons and for redemption should have all
the retirement of $100,000 of the coupons maturity subsequent to
bonds on March 1,1946.
This, it March 1, 1944. Bonds registered
as to
principal should be accom¬
is indicated, will be accomplished
under
present
millage.
Five panied by duly executed instru¬
ments of transfer in blank.
years
later, March 1, 1951, the
From and after Sept. 1, 1944, in¬
remaining $125,000 will come due.
This is what remains to be paid terest will cease to accrue upon
from the $350,000 bond issue ap¬ all of the bonds so redeemed and
is
erection of the
high school
the
for
proved
1926.
The
$50,000 came due March
1936, and $75,000 was retired
first
1,
in
Bond Offering
Details—We pre¬
pf 103.857, a
basis of about 1.926%. Dated Sept.
Denoms. $1,000 and $1,~
1, as follows: $1,from 1945 to 1948 incl. and
1, 1944.
500.
000
Due Sept.
receive sealed bids
$1,500 in 1949 and 1950.
until 7 p.m. (EWT) on Sept. 11
M-S.
on an
offering of $104,000 not to
City Clerk; to
Interest
Portage, Pa.
2Vz%
interest
coupon,
Bond Offering—D. K. Chestnut,
registerable as to principal only,
funding bonds.
Bidder to name Borough Treasurer, will receive
one
of
the
following
interest sealed bids until 8 p.m. (EWT) on
rates: 1V2%, 1%%, 2%, 2v4% or Sept. 5 for the purchase of $24,000
2y2%.
Details of the offering no: coupon general obligation bonds.
previously reported are as fol¬ Dated Oct. 1,1944. Denom. $i,0U0.
Due Oct. 1, as follows: $1,000 in
lows:
Bids will be received for the 1945, $2,000 in 1946, $1,000 in 1947,
-entire issue at any of the above $2,000 in 1948, $1,000 in 1949, $2,rates of interest but no bid com¬ 000 in 1950, $1,000 in 1951, $2,000
in 1952, $1,00© in 1953, $2,000 in
bining two different rates of in¬
terest
will be accepted.
Regis¬ 1954, $1,000 in 1955, and $2,000 in
-
to
as
and
bonds
principal only.
the
interest
The
thereon
payable without deduction
any tax or taxes, except suc¬
will be
1956 to 1959.
Bidder to name the
rate of interest in a
of 1%.
multiple of Va
Principal and interest will
free of all taxes levied
cession or inheritance taxes, now under any present or future law
The sale
or
hereafter levied
or
assessed of the Commonwealth.
thereon under any present or fu¬ of said bonds is subject to the ap¬
for
laws
ture
of the Commonwealth,
be
paid
proval of proceedings by the De¬
partment of Internal Affairs, and
the
Borough will
provide the
bonds will be sold to the highest bonds and legal opinion of Burgresponsible bidder, provided such win, Scully & Churchill, of Pitts¬
Enclose a certified check
bid is not less than par and ac¬ burgh.
crued interest.
The highest re¬ for $500, payable to the Borough.
all
which
of
assumes
the
taxes
and agrees to pay.
City
The
sponsible bidder shall be the one
who, having complied with the
conditions of sale, offers to take
RHODE
from
of
a
class
or
nounces
that
sealed
Council-and-City-
modern
the
installed on
Manager government
tified
includes
check for 2%
of
Indepen¬
Texas
Sealed ten¬
District,
Wanted
Tenders
—
fers that it considers
In
dated
an¬
tenders
Oct.
of
reorganization program approve
by the Ontario Municipal Board
Letters of trans¬
all
July 18, last.
on
mittal which
must accompany
debentures may be
obtained from
office of the Guarantee Trust
any
Co.; of
Canada. ^ ;•
■
The
plan
'7
all debenture
covers
excepting
those
debentures
Province of
Ontario which are not changed.
Debentures maturing from March
by
the
1, 1943, to June 30, 1943, are to
paid in full in cash. / All sub¬
sequent maturities, totalling $1,be
political exploitation.
from
A
of determined business men
arranged for a detailed survey
of their government by the re¬
group
$100
change for the balance—the ma^
looked over the financial Skagit County Public Utility Dis¬
trict No. 1, Wash.
V,
wreckage of their city govern¬
Bond Call—John Wylie, Pres¬
ment and determined to remove
City
it
on present deben¬
paid in cash.
New
debentures will be given in ex¬
of
tiple
tures is to be
WASHINGTON
ident of Board of Commissioners,
allotted
be
debentures to
new
nearly
as
as
possible
the order of the maturity date
in
the
of
calls for
payment on Oct. 1, 1944,
$392,000
4*/4%
series A serial
water revenue bonds, Nos. 34 to
of the
turities
present
debentures.
replacing pres¬
New debentures
4%
ent
debentures
bear
to
are
interest at 4% and those
replacing
Denom. present 41/2.% debentures to bear
of Tennessee Tax¬ 425, dated Oct. 1, 1939.
Association.
After the $1,000. Holders of said bonds are interest at 4*/2%.
Every other
notified to present same at either new
debentures is to bear inter¬
completion of the survey in Jan¬
of the places of payment specified est at the same rate as the
uary,
1939, a modern councilpresent
in said bonds, on date called, for
debenture
for
which it
is ex¬
manager charter was enacted sim¬
ilar to those charters now in use redemption at the respective re¬ changeable to the date which is
price with respect to the maturity date of such present
in 586 progressive American cit¬ demption
staff
search
.
Five
were
elected to
council.
of
A
leaders
business
able
ies.
compose
city
the city
with
manager
each such bond
the
on
1,
as
thereof.
face
is set forth on
Interest ceases
Lynchburg, Va.
Sale—The
cou¬
2.
The
'~
1,
1938,
R. W.
1,
July
1944,
3,187,468.08
On
July
2,863,398.00
Reductions
in
debt
five
made
principal
The
interest
able
3.
324,070.08
on
the
bonded
to
a
was
year
for
>
its
of
v
of
Scott &
nual
in
an¬
interest
During the fiscal
ended
;
on
prior to March 1, 1943,
including June 30, 1944,
calculated at the present contract
and
to
of the debenture to the ma¬
l—100.117
100.064
in
the
whichever
case
30,
99.818
jointly
terest
Crouse, Bennett, Smith & Co.,
—99.677
jointly
Chemical Bank & Trust Co.,
&
Estabrook
Co., and
R. S. Dickson &
Co., and
Co.,
1.10% Bonds
Ripley & Co.,
Patterson, jointly_100.172
jointly
Post"
anticipated,
according
for
A
to the
Legislation
expropriation
of
for Pro¬
ownership and operation
system
put through
latter
Toronto.
of
publication.
company's
the
30
100.139
Ex-*
undertake
than
rather
Godbout's
Blyth & Co., and
Equitable Securities Corp.,
for
early agreement on terms
above
was
Inc., and
(Province of)
public sale of a new debt issue to
finance purchase of the facilities,
according to a report appearing
in the Aug. 26 issue of the "Fi¬
vincial
For
1
or
Light, Heat & Power Consolidated
Co.. in exchange for their stock
providing
99.42
jointly
Miller &
on
to stockholders of the
expropriated
Montreal
securities
is
99.609
Lazard Freres &
cal¬
propriated
Power
Properties—
The Province is likely to issue
fairly
Craigie & Co.,
jointly
Harriman
maturing
Exchange- Offer
nancial
New York,
F. W.
of debentures matur¬
QUEBEC.
holdings,
Hemphill, Noyes & Co.,
C. F. Childs & Co., and
government, John¬
son
City's
over-
and at the
4V2% per
is the lower,
for
after
30,
1944.
Additional in¬
will be paid in cash with
June
recently
and
Alexander Brown & Sons,
year
thereof
date
See
Richmond, jointly
1938, under the old
1924, Council.
Stringfellow, and
National Bank,
First Boston Corp.,
June
the pe¬
payment
date next
Quebec
Halsey, Stuart & Co
49,021.00
interest
the
re-
requirements____.
the
from
Chicago,
121,329.00
Central
Reduction
riod
be paid for
will
interest
in¬
other debentures, simple
on
jointly
100.20
170,350.00 Harris Trust & Savings Bank,
yearly cost in
1944-45
terest
respect to the odd amounts of
principal being repaid, covering
period from June 30, 1944, to
Aug. 30, 1944.
Kidder, Peabody & Co.,
from
per
1937-38
_100.27
Peoples National Bank,
Charlottesville, and
C. F. Cassell & Co.,
debt
reduced
cost
pay¬
With regard to overdue
1944.
debentures
Co., N. Y.,
city's
and
ing prior to June 30, 1944, or
culated at the contract rate
Glore, Forgan & Co.,
John Nuveen & Co., and
Bankers Trust
thereafter at
4J/2% (which¬
lower)
to Aug. 30,
the
is
ever
annum,
100.28
Scott, Horner & Mason,
jointly
years
the maturity date of
to
debenture
the contract rate, of
present contract rate or
Weigold & Co.,
jointly
was
1943,
1,
the
turity
Pressprich & Co., and
Charles E.
being
be
rate
For 1% Bonds
Union Securities Corp.,
was
in
2.65
debt
bonded
on
the following:
it
_
its
payment date next prior to March
$450,000
will pon or registered funding and
indicate some significant aspects general
improvement bonds of¬
of the remarkable progress which fered Aug.
29—v. 160, p. 776—
Johnson
City's government has were awarded to Blair & Co., Inc.,
New York City, as Is, at a price
made during the last five years:
of 100.552, a basis of about 0.945%,
1. The property tax
Dated Sept. 1, 1944 and due $25,rate
per
$100 in
1938 was
I
$3.00 000 on Sept. 1 from 1946 to 1963
inclusive. Among other bids were
Successive
reduc.
The following comparisons
have
brought
% down to
to
off in cash, simple interest
paid from the interest
paid
will
Bond
thereafter
maturity date at 4V2%.
With respect to debenture
VIRGINIA
date.
and
debenture
new
date called.
professional training was installed
on
July 1, 1939.
A reorganized
budget was adopted as of that
f"" Co., New York City, $130,000 5% | recently approved by the City
bonds,
excess
citizens of Johnson
1938 the
refunding bopds will be received
the face water
in
market value.
expenditure of its
general fund rev-'
bonds, will, at the election of the until Oct. 1 and that the sum of
enues, or its defi¬
purchaser, relieve the purchaser
$1,000 is available for purchase
from his obligations
cit, was
107,214.46
under the
of bonds at a price not exceeding
During the latest (the
terms of the contract of sale and
par
and accrued interest.
The
entitle the purchaser to the re¬
fifth)
fiscal year
certificate of indebtedness issued
under the councilturn of the amount deposited with
with each bond is regarded as a
the bid.
These bonds are issued
manager •govern¬
part of the bonds for purposes
ment, Johnson
subject to the favorable opinion
of the call for tenders.
of Townsend, Elliott & Munson,
City
produced
a
of Philadelphia, and will be de¬
surplus
for
that
Easley, S. C.
livered to the purchaser only if
year
of
72,563.35
Bond Call—C. B. Kirkley, Town
and after the proceedings author¬
Mount Pleasant, Tenn.
Treasurer,
announces
call
for
izing the issuance thereof have payment on Oct. 1, 1944, at the
Bonds Approved—An issue of
been approved by the Department Central Hanover Bank & Trust
$30,000 improvement bonds was
of Internal Affairs. Enclose a cerwhich
Consolidated
dent School
July 1, 1939:
Rhode Island (State
Treasurer,
these
bonds.
after Aug. ,30
instruments to be
new
body in the above city.
it
limitations
imposed ,4by request,' circulars•*;. setting forth
law upon cities of the thi#d class. conditions of sale and description
The enactment, at any time prior of the bonds.
to the delivery of the bonds of
SOUTH CAROLINA
Federal
legislation
which
in
terms, by the repeal or omission
Andrews, S. C.
of exemptions or otherwise, sub¬
Tenders Wanted—J. B. Wooten,
jects to a Federal income tax the Town Clerk and
bonds
Association,
the results
the
guaranteed
by the new governing
produced
taxing'
on
show
clearly
which
representing obligations of mu¬
General obligations payable nicipalities in the State. Mr. Handy
ad valorem taxes within the states that he will furnish, upon
character
for
issued under the terms of the debt
debt
Edinburg
the
of
be exchanged on or
available for the purchase of
said
16 that present
township may
Aug.
on
debentures
$8,000 of surplus money
in the Interest and Sinking Fund
statement from the
Tennessee Taxpayers
the face amount of the is-
interest
Funds—We are in
Save Municipal
ISLAND
announces ; that
the
City, which shall be determined Treasurer,
by
deducting
from
the
total Sinking Fund Commission will re¬
amount of interest to be paid on ceive sealed bids until
11 a.m.
account of such bonds during the (EWT)
on Sept.
13 for various
life thereof, the amount of pre¬ lots of bonds now held in the in¬
mium offered, if any, over and vestment account of Commission,
rue.
City, Tenn.
Governmental Methods
receipt of a
of)
the whole amount of the issue at
Sinking Fund Holdings Offered
the lowest
interest cost to the —Russell
H.
Handy, General
above
Committee, states in a letter
issued
payers
exceed
tered
Johnson
Modern
Secre¬
Mclllroy,
F.
of the Bondholders' Protec¬
Data is ders will be received by the Sec¬ 122,489, are. being replaced by
retary of the Board of Trustees, $1,108,200 new refunding callable
attached thereto ma¬ given for Johnson City, thfe State's
fifth largest, under the old form until Oct. 10, of not more than
bearer
debentures maturing se¬
turing after that date will be void,
$44,000 refunding bonds, series of rially over a period of 14 years
and all such bonds and coupons of government, which was retired
1938. Terms of the refunding plan and to be dated
July 1, 1944. The
will cease to be entitled to the by the people in June, 1939, as
compared with five years under permit the Board to reject all of¬ odd amount in excess of a mul¬
benefit of the indenture.
tion notes at a price
viously reported in v. 160, p. 878,
intention
of Madeline
Walker,
dis¬
The
interest.
30—W.
Aug.
tary
tive
any coupons
1941.
The amount callable over
Mount Wolf, Pa.
five-year periods increases as the
Note Sale—The Union National
amount of the interest on out¬ Bank of Mount Wolf recently pur¬
standings bonds decreases.
The chased an issue of $7,000 3% street
issue is non-callable.
improvement and sewer installa¬
Carbondale, Pa.
accrued
*
New Debentures Will Be Ready
trict has
ward the
present junior-senior
and issued March 1,
and
TENNESSEE
in
now
ONTARIO ; e
Teck Township, Ont.
under Premier
The
administration.
will be succeeded on Aug.
by a new
government, headed
@FedFRASER