Verhovayak Lapja, 1945 (28. évfolyam, 1-52. szám)

1945 / Verhovay Journal

Page 8

Verhovay Journal

January 31, 1945

BONDS BOUGHT AND SOLD

Bonds bought, sold, or called July 1 — December 31, 1944:

Bonds Bought Purchase Price Par Value

July 8 U. S. Treasury Bonds 2%, 1954/52 ____________ 100,000.00 100,000.00

24 Virginia Elec, and Power 3%, 1974 ____________ 31,762.50 30,000.00

27 Pacific Gas and Elec. 3%, 1970 ______________ 2l’225.00 20,000.00

Aug. 3 New Orleans Pub. Ser. Co. 3%%, 1974 ____ 41.550.00 40,000.00

21 Louisiana Power and Light Co. 3%, 1974 _____ 20,550.00 20,000 00

•Se,;:L 1 Iowa Power and Light Co. 314%, 1973 __ 11,100.00 10,000.00

11 Central 111. Pub. Ser. 3%%, 1971 _________ 16,143.75 15,000.00

14 Empire Dist. Elec. Co. 3%%, 1969 ____________ 42,768.00 40,000.00

15 No. Indiana Pub. Ser. 3Vs%, 1973 ___________ 10,475.00 10,000.00

Oct 2 Birmingham Elec. Co. 3%, 1974 ______________ 40,400.00 40,000.00

„2 Ohio Edison Co. 3%, 1974 ____________________ 41,000-00 40,000.00

11 Narragansett Elec. Co. 3%, 1974 ......................___ 42,032.00 40,000.00

11 Arkansas Power and Light Co. 3%%, 1974 ____ 20,800.00 20,000.00

Nor. 1 Pacific Gas and Elec. Co. 3%, 1974 _________ 20,800-00 20,000.00

1 Commonwealth Edison 3%, 1977 ____________ 52,125.00 51,000.00

1 Pgh., Cincinnati, Chicago and St. Louis R. R.

3%% 1975 __________________________________ 25,500.00 25,000.00

3 Phila! Electric Co. 2%%, 1967 _______________ 40,200.00 40,000.00

24 Arkansas Power and Light Co. 3%%, 1974 ----- 20,625.00 20,000.00

Dec, 5 U. S. Treasury Bonds 2%, 1954/52 ____________ 200,000.00 200,000.00

14 U.S. Treasury Bonds, 2%, 1954/52 ____________ 50,000.00 50,000-00

$ 849,056.25 $ 831,000.00 Bends purchased from Jan. 1 — June 30, 1944 1,032,588.00 989,000.00

Total purchased for year 1944 ___________$1,881,644.25 $1,820,000.00

Junior Order Purchase Price Par Value

Aug. 29 Southern Calif. Edison Co. 314%, 1964 _____ 10,950.00 10,000.00

Oct, 31 Kansas City Terminal Ry. Co. 2%%, 1974 ___ 4,987.50 5,000.00

Nov. 24 Arkansas Power and Light Co. 3%%,. 1974 _ 20,625.00 20,000.00

$ 36,562.50 $ 35,000-00

Bonds purchased from Jan. 1 — June 30, 1944 54,985.00 53,000.00

Total Bonds purchased for year 1944 _____$ 91,547.50 $ 88,000.00

On March 20, 1937, we exchanged $67,450.00 Interstate Debentures Corp., $34.000.00 Empire Properties Corp., $5,000.00 1400 Lake Shore Drive, $2,500.00 Pelmore Apts-, $5,000.00 Stratford Building and $5,500.00 Ure Building for $115,000.00 City -cf Asheville, N. C. 1—4% General Refunding Bonds through the ■Metropolitan Casualty Company of Newark, N. J.

On December 23, 1942, we exchanged our South Shore Apartment Stocks for $57,000.00 City of Asheville, N. C. 1—4% General Refunding Bands which were entered on our books as book value at par, which should have been marked at the current market value at the time of the exchange to avoid the statement of toss which we are showing in our report of today. These bonds reached their ' peak in price ctn the market, and since the bonds pay only 1%% interest until 1946 and from then on only 27c interest, I, therefore, agreed with Moody’s advice to liquidate these bonds gradually and re-invest the money at a much better yield, approximately 2.75—3.00%:

Bond Sold, Continued

Book Value

Sale Price

Profit

Loss

Nov.1

Thinity Co., Texas,

4% 1958-59-60-64 ___________. 25,537.27

26,280.00

742.73

1City of Trinity, Texas,

5%, 1969-73 __

_ 9,532.82

9,987.50

454.68

3Hazleton City Auth. Water

3%, 1982 ________ _______. 14,702-70

15,825.00

1,122.30

8

City of Garfield, 4%%, 1954 _. 10,078.00

11,586.00

1,508.00

Dec.30

Boro Port Vue,

4%, 1953-54-55-56

12,412.80

14,280.00

1,867.20

257,351.59250,580.38

9,428.79

16,200-00

Bonds sold from 1/1 to 6/30/44

588,905.26614,246.72

25,348.35

6.89

Bonds sold for year 1944

846,256.86864,827.10

34,777.14

16,206.89

Chicago Northwestern Railroad 4%% due 1949 convertible bonds, which have been in default with interest since 1931, have been exchanged under a reorganization plan and according to a court decision we received 6.34 shares of common stock for each $1000.00 bond, entering it on our books as $63.40 per share, therefore, the bonds have been written off our books in the following manner:

Chicago Northwestern R. R. Bonds—Book Value $19.980.75

Chicago Northwestern common stock

126 shares at $63.40 ___________ $7,988.40

Chicago Northwestern commota stock

80/100 shares at 50.72 ________ 50.72 8,039.12

Loss ........................................... $11,941.63

Junior Order------Sold in 1944 ________ 17,709.64 19,162.50 1,452.86

Trust Fund—Sold in . 1944 ____________ 41,123.49 42,847.50 1,724.01

' 295,644.04 304,541.25 9,680.45 783.24

Bonds called from 1/1 to 6/30/44 36,142.43 37,920.00 1,802.57 25.08

331,786-47 342,461.25 11,483.02 808.24

Total Profits _________________________________ $49,437.03

Less Losses ________l__________________________ 28,956.76

Net Profit________________________ $20,480.27

Pittsburgh, Pa., December 31, 1944.

JOHN SZALANCZY, Treasurer.

BUY U. S. WAR BONDS & STAMPS

Bonds Called Book Value Sale Price Profit Loss

7/15 Consumers Pub. Pow. Dist.

3 %%, 1965-68 __________________ 20,000.00 20,600.00 600.00

7/15 Consumers Pub. Pow. Dist.

3%%, 1972 ........ 24,458.44 26,000.00 1,541-56

7/15 Consumers Pub. Pow. Dist.

3%, 1963-68 ________ 44,170.56 46,350.00 2,179.44

7/15 Consumers Pub. Pow. Dist.

3%%, 1948 8,138.31 8,280-00 141.69

8/ 2 Pennsylvania Co. ____ 13,000.00 13,780.00 780.00

9/ 5 Columbus and Southern Ohio

Elec. 314%, 1970 _______________ 1,092.50 1,066.25 26.25

9/ 5 Calif. Toll Bridge Auth. 4%, 1976 2,111.92 2,120.00 8.08

9/ 5 Public Util. Dist. No. 1, Skamania

Co., Wash., 414%, 1960-63 _____ 39,716.47 39,975-00 258.53

11/ 3 State of Montana, 4%, 1964 ____ 3,168.99 3,150.00 18.99

11/ 3 Pub. Util. Dist. No. 1, Cowlitz

Co., Wash., 414%, 394%, 1968 47,988.00 47,250.00 738.00

11/8 Twp. Hamilton, N. J.

4%, 1972-75, 1976-77 ___________ 27,496.66 27,720.00 223.34

11/17 Calif. Ore. Power Co. 4%, 1966 __ 9,789-00 10,550.00 761.00

12/ 4 Comm. Pub. Service 4%, 1964 __ 10,000.00 10,475.00 475.00

12/ 4 Potomac Edison Co., 4%%, 1961 __ 14,547.00 16,125.00 1,578.00

12/ 8 Mobile Co., Ala. 5%, 1945 _____ 5,000.00 5,000.00

12/11 Kings Highway Bridge, 4%, 1964 15,356.19 15,600.00 243.81

12/13 Chicago Burlington Quincy

R. R., 3%%» 1949 _________ 9,610.00 10,500.00 890.00