 | Board of Visitors minutes June 24, 1944 |  |
REPORT OF THE FINANCE COMMITTEE:
R. Gray Williams, Chairman of the Finance Committee presented the following report covering bonds
and stocks purchased for the Consolidated Endowment Funds of the University for the year 1943-44; received,
approved and ordered spread:
| 9/4/43 | 250 | shs | Twentieth Century Fox Film $4.50 pfd: 100-3/8. |
| 10/14/43 | 80 | shs | P. Lorillard Co. common @ $14.00 VS 400 rights. |
| 11/26/43 | 250 | shs | Dow Chemical Co. $4 cumulative pfd. Series "A" $26,250 |
| 4/5/44 | 400 | shs | Oklahoma Natural Gas 4-3/4% pfd @ 52 |
| 5/11/44 | 500 | shs | Celanese Corp. of America 1st pfd $4.75 stock $48,970 |
| 5/26/44 | 500 | shs | Virginia Electric & Power Co. $5 pfd. @ 114 |
| 9/16/43 | $100,000 | U. S. Treasury 2½%, due 12/15/69, @ par. |
| 10/8/43 | 100,000 | P. Lorillard Co. 20yr 3% debentures, due 10/1/1963 @ 101-3/4. |
| 11/27/43 | 96,375 | N. Y. & Harlem Ry. Co. 4%, due 7/1/2043, bonds, guaranteed by the N. Y. Central Ry. Co., in exchange for 771 shares of the stock of the N. Y. & Harlem Ry. Co. These bonds have a market value of approx 103. |
| 2/1/44 | 50,000 | U. S. Treas. 2¼% of 1956/59 @ par. |
| 2/18/44 | 25,000 | Phillips Petroleum Co. 2-3/4% S/F Debs., due 2/1/64 @ 101. |
| 3/27/44 | 20,000 | Stokely Bros. & Co. 15 yr 3½% S/F Debs. @ 98½ |
| 20,000 | Universal Pictures Co. 3-3/4% S/F debs. due 3/1/59, @ 99 | |
| 3/31/44 | 50,000 | Michigan Consolidated Gas Co. 1st mtg. 3½%, due 3/1/69. @ 106¼ |
| 6/9/44 | 30,000 | Alleghany Corp. 3¼% secured Conv. notes, due 4/15/54, @ 102.15. |
| Board of Visitors minutes June 24, 1944 | |