Verhovayak Lapja, 1945 (28. évfolyam, 1-52. szám)
1945-01-31 / 5. szám
945 január 31 7-ik oldal * 'TwmrWWm -, y i T . . _______________ Verhovayak Lapja OUGHT SOLD Bonds bought, sold, or called Bonds Bought Purchase Price Par Value ily 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 ______________ 21,225.00 20,000.00 ug. 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 spt. 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. 314%, 1969 ................ 42,768.00 40,000.00 15 No. Indiana Pub. Ser. 314%, 1973 ___________ 10,475.00 10,000.00 ct. 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. 314%, 1974 __ 20,800.00 20,000.00 ov. 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. 314%, 1974 ___ 20,625.00 20,000.00 ec. 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 Bonds purchased from Jan. 1 — June 30, 1944 1,032,588.00 989,000.00 July1 — December 31, 1944: Bond Sold, Continued Book Value Sale Price Profit Loss Nov. 1Thinity 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. 30Boro 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 846,256.85864,827.10 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 common stock 80/100 shares at 50.72 ________ 50.72 8,039.12 Total purchased for year 1944 ___________$1,881,644.25 $1,820,000.00 Junior Order Purchase Price Par Value 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 Ug. 29 ct. 31 ov. 24 ct. 31 ily 26 ct. 6 7 9 13 28 31 Southern Calif. Edison Co. 314%, 1964 ______ 10,950.00 10,000.00 Kansas City Terminal Ry. Co. 294%, 1974 ____ 4,987.50 5,000.00 Arkansas Power and Light Co. 314%, 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 Trust Fund Purchase Price Par Value Kansas City Terminal Ry. Co. 294%, 1974 _____ 4,987.50 5,000.00 Bonds purchased from Jan. 1 — June 30, 1944 52,278.77 50,000.00 Total Bonds purchased for year 1944 _____$ 57,266.27 $ 55,000.00 Bonds Sold Book Value Sale Price Profit Loss Murray State School of Agri., Okla. 5%, 1954-6 . ___ 10,909.00 11,050.00 141.00 City of Sheffield, Ala, 4% 1963/72 26,477.70 26,596.88 119.18 City of Eastland, Texas, 3%, 1965-1966 ___9,148.00 9,550.00 402.00 Twp. of Dela., N. J. 3%,1956/57 23,876.30 24,625.00 748.70 City Lincoln Park, Mich. 3-5%, 1965 _ __________13,725.00 14,850.00 1,125.00 City Asheville, N. C., 1%%—4%, 1976 _ ________81,000.00 64,800.00 16,200.00 Boro Shenandoah, Pa., 4%, 1967, 1976 ___ _______19,952.00 21,150.00 1,198.00 On March 20, 1937, we exchanged $67,450.00 Interstate Debentures Corp., 14.000. 00 Empire Properties Corp., $5,000.00 1400 Lake Shore Drive, $2,500.00 ílmóre Apts., $5,000.00 Stratford Building aind $5,500.00 Ure Building for 15.000. 00 City of Asheville, N. C. 1—4% General Refunding Bonds through the etropolitan Casualty Company of Newark, N. J. On December 23, 1942, we exchanged our South Shore Apartment Stocks r $57,000.00 City of Asheville, N. C. 1—4% General Refunding Bonds which ere entered on our books as book value at par, which should have been marked the current market value at the time of the exchange to avoid the statement loss which we are showing in our report of today. These bonds reached their ■ak in price cm the market, and since the bonds pay only 1V2 % interest until 46 and from then on only 2% interest, I, therefor,e, agreed with Moody’s advice liquidate these bonds gradually and re-invest the money at a much better eld, approximately 2.75—3.00%. 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 13,780.00 141.69 8/ 2Pennsylvania Co. _______________13,000.00 780-00 9/ 5Columbus and Southern Ohio Elec. '314%, 1970 ____ ____1,092.50 1,066.25 26.25 9/ 5Calif. Toll Bridge Auth. 4%, 1976 2,111.92 2,120.00 8-08 9/ 5Public Util. Dist. No. 1, Skamania Co., Wash., 414%, 1960-63 _____39,716.47 39,975-00 258.53 11/ 3State of Montana, 4%, 1964 ___3,168.99 3,150.00 18.99 11/ 3Pub. Util. Dist. No. 1, Cowlitz Co., Wash., 414%, 334%, 1968 47,988.00 47,250.00 738.00 11/ 8Twp. 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/ 4Comm. Pub. Service 4%, 1964 _10,000.00 10,475.00 475.00 12/ 4Potomac Edison Co., 414%, 1961 _14,547.00 16,125.00 1,578.00 12/ 8Mobile Co., Ala. 5%, 1945 ___ 5,000.00 5,000.00 12/11 Kings Highway Bridge, 414,1964 15,356.19 15,600.00 243.81 12/13 Chicago Burlington Quincy R. R., 3 */2%, 1949 ________ _9,610.00 10,500.00 890.00 295.644.04304,541.25 9,680.45 783.24 Bonds called from 1/1 to 6/30/44 36,142.43 37,920.00 1,802.57 25.00 331,786-47 342,461.25 11,483.02 808.24 Total Profits __________________________________ $49*437.03 Less Losses ___________________________________ 28,956.76 Net Profit________________________ $20,480.27 Pittsburgh, Pa., December 31, 1944. JOHN SZALANCZY, Treasurer. DS STAMPS
