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DECEMBER IN RETROSPECT New York Curb Exchange Baltimore Stock Exchange.. Boston Stock New York Stock Exchange—Bonds Exchange..... Chicago Stock Exchange.... New York Stock Cleveland Stock Exchange.. Philadelphia Stock Exchange..iWL Pittsburgh Stock Exchange Detroit Stock Exchange Los San Francisco Stock Angeles Stock Exchange Banks and Trust Domestic Canadian .. . . Domestic ------ Canadian ............... Public Exchange Seats Federal Exchange.... Municipal Bonds— Companies— ........ . Exchange—Stocks ........................ Utility Bonds.. ... .... Public Utility Stocks............... Land Bank Bonds Foreign Government Bonds Railroad Bonds Industrial Bonds Railroad Stocks ...... - . . .... . Estate Bonds Industrial Stocks Real Insurance Stocks Real Estate Trust and Land Stocks Investing Companies Securities Joint Stock Land Bank- Title -Guarantee and Safe Textile Stocks Mill Stocks—see Textile Mining Stocks WILLIAM Deposit Stocks Securities Stocks- ........... B. DANA COMPANY, William Street, Cobnbr of PUBLISHERS Spruce Strkbt, Nbw Yoke. Jfof* Deposit atxtl Jrasl Co* BALTIMORE— —OF Capital $2,000,000 Surplus and Profits $4,182,157 CINCE 1876 this ^exclusively vation of of its It is Company has devoted itself to the management and conser¬ estates—specializing the whole effort highly trained organization in this business. one of the few trust companies in the which has never engaged in general banking, selling securities, etc. Its Directors are: country Edwin G. Baetjer__ Venable Baetjer & Howard Charles H. Babcock Reynolds & Co. William G. Baker, Jr..Baker, Watts &*Co. Howard Bruce ---Chairman of Board of Balti¬ more National Bank George C. Cutler ^President of Safe Deposit and E. - Trust Co. Asbury Davis -President of Baltimore of United States Fidelity and Guaranty Co. Lyman Delano Chairman of Board of Atlantic Robert Garrett- Robert Garrett & Sons Norman James President of James Coast Line'R. R. Co. Lumber Co. J. Edward Johnston-.-Capitalist Blanchard Randall Gill <& Fisher Charles E. Rieman Pres. of Western Nat. Bank v „ \tn N t, >. RECORD RED. U. 8. PAT. OFFICE Washington, D. C. the Act of March 8 1879, Copyright in 1937 by WILLIAM B. DANA COMPANY, in office of Librarian of Congress, as Second Class Matter, March 9 1928, at the Post Office at New York, N. Y., under Entered NO. 1 NEW YORK, JANUARY 8, 1937 VOL. 10 tual understandings and Bank and Quotation Record The Bank and Quotation Record Is one of the companion publications and is issued monthly. of the Commercial & Financial Chronicle Term, for the Chronicle are 818 per annum within the United States 816.50 in Canada; 818.50 and U. 8. Possessions and Territories; and Central America (except Argentina), Spain, Mexico and In South Cuba, and Quotation Record is 810 00 Postage outside of United States extra. Single copies are sold The subscription price to a year. at the Bank and 81*00 per copy. William Street corner AND DECEMBER—COMMERCIAL OF FINANCIAL EVENTS Chief among developments of national interest during the past month was the opening of the Inter-American Confer¬ for the Maintenance of Peace by President Roosevelt ence This was the main object of in Buenos Aires on Dec. 1. the Addressing the dele¬ South America. President's visit tp gathered in the Chamber of Deputies of Argentina's Congress Building as "members of the American family of nations," Mr. Roosevelt urged the nations of North and South America to unite in efforts for gates of the 21 American republics and in opposing outside aggres¬ the maintenance of peace He declared himself sion. everywhere in the civilized world today the plain people wish live to in "profoundly convinced that as peace .one with another," "and still," he "We have hard experience," he stated, "that peace is not said, "leaders and ggymnments resort to war." learned by to be had for the mere asking; that peace, like other great hard and painstaking tier* to dedicate ourselves privileges, can be obtained only by "We are countries to that work." effort," and he added: and our President Roosevelt made the statement tion that "the resolu¬ Conference at Monte¬ indorsing the principles of liberal trade policies has adopted at the Inter-American video shone forth like a beacon in the storm which sweeping been has peace." comes the entire world during over stilt wider applications in your delib¬ there embodied find erations it of economic madness Truly," he continued, "if the principles these later years. be a notable contribution to will on the cause of President told . the conference that "peace from the spirit and must be grounded in faith. In The seeking peace, perhaps we can best begin by proudly affirm¬ Dec. 15 from his South included the following: of the and Illinois prohibiting the sale of standard trade- laws producers. the retailer in property trade-mark title bought for resale and in his right good-will of the manufacturer as in the on trade-mark did not the to merchandise and the the sale price of the trade-mark considered together. The decisions are his South American visit, and was of welcome to representatives of all the independent the nations of America by President . Agustin P. Justo of Argen¬ President Roosevelt made tina. democratic government, which dictators of one preceded by an address kind tions of Europe and or a plea for the ideals of is significant at a time when another are governing large por¬ Asia. similar laws. Supreme Court, with the admonition that On Dec. 14 the should not interfere with the "delusive interests in haste" orderly processes of law, sent the the lower courts for trial without the right of the government electric plants to finance publicly-owned hydro¬ in competition with private enterprise. on Buenos Addresses of Secretary of State Oordell Dec. 23. Hull, Argentine Foreign Minister Carlos Saavedra Lamas, and Carlos tured peace Concha, head of the Peruvian delegation, fea¬ the closing ceremony. Pan-Americah conference, which will be held in Lima, Peru, in A turn The addresses reviewed the achievements of the conference and urged their con¬ tinuance in the next 1 On Dec. 21 the court Upheld the joint resolution of 1934 New York satisfaction sailed from Buenos Aires for 26, expressing with his departure his Secretary Hull on Dec. with the accomplishments embargoes of which authorized the President to proclaim and combatants drew a Bolivia munitions against and Paraguay, the The court in its decision in the Chaco war. sharp distinction between the right of Congress to and domestic delegate power to the Executive in foreign fields. President Roosevelt Seek to State Department Permanent Neutrality Legislation— Expresses Regret to Foreign Pouters at License ing of Plane Shipment to Spain—Government Holds to Non" Resolution Held Not to Apply Intervention in Spain—Embargo in Case of Civil Strife The intention of President abroad, was revealed on Roosevelt to ask Congress for belligerent nations, in case of Dec. 22 after he had conferred Representative McReynolds, Chairman of the House Foreign Affairs Committee, on proposed tion at the coming session expected to renew of Congress. neutrality legisla¬ The President was his request for permanent legislation the Ex¬ giving most of the power to regulate neutrality to ecutive. It was indicated that what Representative nolds plans McRey¬ to give the President discretion to do is to lay em¬ such a bargoes on exports and credits to the belligerents in With of the conference, new neutrality legislation under consideration by Congressional leaders on the eve of the convening of Con¬ gress, the State Department at Washington on Dec. 30 made known that it had sent to its embassies abroad for trans¬ mission to interested governments advices assuring them that the United States was not departing from non-intervention in the Spanish granted 1938. one-day visit to Montevideo marked the President's re¬ trip. vigorously "fought by power policy, which has been corporations. arms The constitutional test of this New court thus left unsettled the Deal Duke Power case hack to expressing an opinion on European civil war as is now going on in Spain. . The Inter-American Conference was concluded in Aires retail expected to have far-reaching effect on practices, since 14 States have with Roosevelt's speech was the principal event of and therefore the pass, manufacturer had the right to set war President represented by his The court said that the the merchandise. fulfilment which has proved a of the world." ill, did not ticipate in the decisions, which were delivered by Justice Sutherland/ The ruling distinguished between the right of greater powers to deal with of successful attack in half prices fixed below those Justice Stone, who was ing the faith of the Americas; the faith in freedom and its mighty fortress beyond reach down On Dec. 7 the court handed opinions, upholding California labeled products at marked and American voyage. Court during the past month Activities of the Supreme "fair trade" COMPANY, Publishers, Spruce Street, New York WILLIAM B. DANA REVIEW covering measures approved and a declaration of principles to insure peace in the Americas were among the documents adopted. President Roosevelt returned to the daring the sessions; three conventions two unanimous Salle Street. LONDON OFFICE—Edwards & Smith, 1 Drapers' Gardens, E.O, CHICAGO OFFICE—208 South La accords, said to total 69, were signed at the conference, these United States 820 In other foreign countries. real friendship sit around the con¬ Numerous table." ference to Robert Cuse for a its policy of situation, and that a license shipment of airplanes and engines to that country was regretfully issued "only because the law required Announcement it." of the 7 - State Department's advices in matter to the foreign Powers were made known on the Dec. 30 which, he said,, "is an illustration of what great things can by R. Walton Moore, Acting Secretary of State, in a state¬ be accomplished when 21 ment which said: gopd neighbors animated by mu¬ Department yesterday found Itself obliged to grant two exportation to the part of Bilbao in Spain of a shipmeht of The for the and recall, the joint resolution of Congress now in effect providing embargo against the shipment of arms, ammunition and implements to "belligerent countries" does not apply to the present civil strife you an of war in Spain for licenses airplanes value of $2,777,000. engines to the total As for it is applicable to wars between nations. The present authority the following provision: - ; shall be issued to persons who have registered as provided for, as issuing of licenses contains the "Licenses of export cases or issued." party, in which cases licenses shall not be a As sent were advices were High Vote in Presidential Election Was 45,812,155, New Plurality Also Record Figure the last Presidential election was 45,812,155, the largest in the history of the United States, it was revealed on Dec. 9 with the publication of official from returns President latest fig¬ record figure. The State except Rhode Island. every Roosevelt's plurality over Governor Landon, the indicate, ures Democratic 11,069,699, also was candidate contained as Associated in a 60.7% of the popular vote received compared with 57.3% in 1932. as in Rhode lock, under has unofficial official no • - count been advices Washington Press • . ■ , of made. 27,751,612 Browder (Communist). 10,681,913 Colvin (Prohibition) 1,378,630 Aiken (Social-Labor) 891,858 Scattering and void 187,342 Landon Others... Lemke (Union) Thomas (Socialist) 1936 r ... 37,609 12,729 168,911 .... Democratic 60.7 36.4 Others 57.3 Republican.... 1932 3.1 2.9 39.6 Treasury Gold — Gold Imports—Figures of "Sterilized" "Sterilize" to Inactive $14,835,000 Imports—Lists Secretary 21 of Treasury the Reserves . announced Morgenthau or on seek to "sterilize" the that the government would excess of gold by purchasing outright newly-mined and im¬ ported gold and not allow it to become a basis for new bank credits through the Federal Reserve System. Under the newly announced plans to "sterilize" gold im¬ ports it was made known on Dec. 29 that the first purchase of "sterilized" or inactive gold under the program was made on Dec. 24 and amounted to $14,835,000. The figures were disclosed in the daily Treasury statement for Dec. 24, issued Dec. 29. An additional purchase of $3,220,458 in gold under the "sterilization" program was shown on the daily state¬ ment for Dec. 28, issued Dec. 31; this brought the total in "inactive" gold fund to $18,055,458. the The statement by the The Secretary Governors of whenever take is it of the This of the Treasury^Department Dec. 21 said: Treasury, Federal deemed appropriate releases advisable action with conferring after Reserve System, and in respect the to the with that announces Board he public interest to do additional net so, acquisitions to or gold by the Treasury Department. will be purchase accomplished by the sale of additional public debt obliga¬ or movements in redemption the reverse of outstanding obligations in the case Court in 7 to 1 Decision Upholds Powers of President Under Neutrality Legislation—Opinion Given in Case Involving Shipment of Arms to Combatants in Chaco War In of direction. United States Supreme . 7-to-l decision, the United States Supreme Court upheld, on Dec. 21, the powers conferred on the President under neutrality legislation. The opinion holds valid .the 1934 a arms Roosevelt for an forbid the sale of munitions in this country for the use in the recent Chaco war between. Bolivia and Paraguay. The Supreme1' Court's decision Sutherland; Justice McReynolds at the conclusion of the following notation Mr. was was delivered by Justice the one dissenter, and findings of the Supreme Court the appeared: Justice McReyfiolds does not agree. below reached the right conclusion He is of opinion that the court and its judgment ought to be affirmed. No part was taken in the decision by Justice Stone, who Is still ill, In the Supreme Court decision the United States of Afnerica is cited as on Jan. 27, 1936, an indictment was below, charging that beginning May 29, engaged in armed conflict in the Chaco, in violation of the joint resolution of Congress approved May 28, 1934, and the provisions of a proclamation issued on the same day by the United for suppleness the limits to main grounds, viz.: ' : :;v V ^^^V:r- the The V decision opinion have \7 the of by the New so on far went here Bond ,, on as but it it said the stay was to continue in Court in the Electric York District the Electric but strategy abused by a stay of need." It argued the was of justice, in The District Court's stay ■ government's pressing a processes discretion was case to have lasted until on appeal from the 1 - r to state that the Supreme Court did not find it determine whether to necessary in fair Court ruled Supreme a- stay needed! was the in District of , Federal Judge Signs Temporary Decree Forbidding Expansion of TVA Power Program Federal Judge John J. Gore of Knoxville, Tenn., on Dec. 22 signed a decree temporarily enjoining the Tennessee Valley Authority from expanding Its power program. Judge Gore's decision in ihjunction the was case handed down was granted on on Dec. 14. His the request of 19 utilities operat¬ ing in the Tennessee Valley, following a hearing at Nash¬ The decree forbids the TVA to construct new trans¬ ville. mission and sub-stations not already begun, and to customers except in circumscribed rural areas, until constitutionality of its program is determined in a separate hearing before Judge Gore, March 8. The suit originated in the Federal Court at Knoxville but was service lines new power later transferred to the Middle Tennessee District. 'Original Cost*' Order by FCC Is Upheld by United States Supreme ; Court—Unanimous Decision Denies Contention by Telephone Companies That Rule Is "Arbitrary" The United States Supreme Court, in a unanimous opinion presented by Justice Cardozo on Dec. 7, upheld the "original cost" provision of the Federal Communication Commission's order for a-uniform system of accounting by telephone com¬ The American Telephone & Telegraph Co., 36 other companies under the Bell System, and seven independents, had opposed the "original cost" order, together with one stipulation that certain charges shall be "just and reason¬ able," and another dividing plants in present use from those held for future use. Both these stipulations were also unani¬ mously sustained by the Supreme Court. Justice Cardozo denied the complaint that the orders were "harsh and arbirtary." panies. United States Supreme Court Dismisses Associated Press Complaint Alleging Pirating of Its News by Radio Station at Bellingham, Wash. The United States Supreme Court on Dec. 14 ordered the dismissal of litigation in which the Associated Press sought to enjoin Radio Station KVOS, of Bellingham, Wash., from broadcasting news collected by the Associated Press. The Ninth Circuit Court of Appeals at San Francisco, a year ago, viz., Dec. 16, 1935, directed the Federal Court at Seattle to issue a restraining injunction. Previously the injunction had been denied by the District Court at Seattle. Thes con¬ clusions, Dec. 14,1936, of the Supreme Court were indicated in the following Associated Press account from Washington, In the a unanimous court been attacked decision, delivered by Associate Justice Owen J. Roberts, of complaint should have been dismissed by held that the bill the Federal District Court for Western amount The "The of in controversy did AssoOiated station the ordered Press, "pirating" was Seattle Washington on the ground that the not give the Federal Court jusisriction. which news filed the dispatches Post-Intelligencer" and original action, from "The "The Seattle contended the Bellingham Herald," Times," all members cooperative press association. Dismissal of the complaint by the Federal District Court for Western Washington, but it was was reversed by the Circuit Court. Suit Against Order of Indiana Milk Control Board Dismissed by United States Supreme Court United States Supreme Court on Dec. 21 dismissed!' petition by the Kroger Grocery & Baking Co. against an The on three a order V:.:g; the Bond & Share suit. ' '• after of the "discretion absence the follows: with fault general matter in exceeded effect find not a as duration States pursuant to authority con¬ indictment is said that indefinite ferred by Section 1 of the resolution." The did opinion declared the vs. 1934, conspiracy "to sell in the United States certain arms of war, namely, 15 machine guns, to Bolivia, a country then of the Washington dispatch of Dec. 7 to the New York "Herald Tribune" outlined this opinion as ruling, explained that President opinion by Associate Justice Cardozo. Dec. 14: case Curtiss-Wright Export Corpo¬ ration, Curtiss Aeroplane & Motor Co., Inc., and Barr Ship¬ ping Corp., et al. As to the action the Supreme Court, in returned in the court stay "in accordance with the principles laid down" in a A embargo resolution which authorized President to directed the District Court to determine the motion Court of proposes, tions, the proceeds of which will be used for the purchase of gold, andi by the petition to stay a number of suits brought by utilities com¬ panies in the District of Columbia until the constitutionality of the law is decided in the government's suit against the Electric Bond & Share Co. and its affiliates. The Supreme Columbia District Court. Purchase First as V Under New Program—Designed to Curb Excess Dec. on government on Dec. 7 New York district. 1936 Party— 1932 Ruling Until Suit Against Obtained a partial victory in .regarding the validity of the Utility Holding Company Act of 1935, when the United States Supreme Court by a unanimous order remanded to the con¬ sideration of the Federal District Court the government's The percentages, as compared with 1932, the narties stacked up this way: Party— ■ Government Wins Point in United States Supreme Court necessity Vote 80,181 Candidate— Vote power no nations;;'that ruling held that President Roosevelt's proc¬ lamation of May 28, 1934, outlawing the shipment of arms to Bolivia or Paraguay, then at war, was unconstitutional. This machines Including the complete figures for that State, the totals are: Roosevelt.... Judge Mortimer W. Byers ruled to authorize the President to shipment of arms and ammunitions to belligerent Congress has forbid the . has kept the voting where litigation Island, Candidate In that An analysis of the vote, Dec. 9, is given below: Only . March last Federal In the legal controversy Recordr—Roosevelt The total popular vote in an Utility Act Cases—Tribunal Upholds Stay London, Paris, Berlin, Rome, Moscow and Valencia. Popular exercising was that the President had power; Electric Bond & Share Co. Is Decided these which to President the That license could not be denied. Embassies The Spanish situation, in the case of the these exceptions exists of none the right to a unconstitutional delegation of failed to take the required' preliminary steps before promulgating the embargo, and that the indict¬ ments were not ■ brought until after the President y; had revoked his proclamation. / . ■ ■"V 'JV'• y'V"' ^ V : Congressional , import licenses, where exportation of arms, ammunition or implements of war would be in violation of this Act or any other law of the United States or of a treaty to which the United States except in is REVIEW MONTHLY * • * „ of the Indiana Milk Control Board eliminating the V i-r ■ delivered milk dismissed on a technicality. The and cash-and-carry between differential jji. prices. The case was that an emergency Board had issued the order on the ground existed in Fort Wayne, while the company that business in area, charged that its worth $30,000 annually with a net Court decided profit of $2,000, was being ruined. A Federdl that profit was the only test of the suit, and that since the below $3,000, Federal Courts -could not assume profit was jurisdiction. ' - ' , United State* Supreme Court Agree* to Pas* on of Amended Fraxier-Lemke Farm Mortgage The States United Constitutionality Moratorium Act- Supreme Court consented on Dec. the constitutionality of the amended FrazierLemke Farm Mortgage ^Moratorium Act Attorneys for Robert Page Wright, of Bedford County, Va., on Nov. 16 filed an appeal in the matter in the Supreme Court—one of the attorneys acting for Mr. Wright being Representative William Lemke, recent Presidential candidate of the Union party and co-author of the Act. The amended Act was passed by Congress after the original Act had been declared /unconstitutional by the Supreme Court. As amended, the Act was held unconstitutional in October by the United States Fourth Circuit Court of Appeals at Richmond, Va., in deciding six appeals from the Western District of Virginia basing its conclusions on the decision of the Supreme Court in the case of the Louisville Bank vs. Radford. to on pass United State* Supreme Court Refute* to Rule on N. B. Early, from collecting the so-called "windfall tax." The firms granted the injunction are the Rapidan Milling Co. and the Mine Run Roller Mills Attorneys for the plaintiffs contended the tax, levied under the Revenue Act of 1936 to reach 80% of the processing tax lost with the invalidation of the Agricultural Adjustment Act, was unconstitutional, it was stated in the Richmond "Times-Dispatch" on Dec. 2, which added: Judge bollard's order restrains Mr. Early from "requiring or attempting to require the filing of a return by the plaintiffs under Title 3 of the junction to two processing firms restraining Virginia, collector of internal revenue, Revenue Act 21 assess on . self and other members of the Chicago Mercantile Exchange Chicago; the other appeal was presented by seven mem¬ Mr. Moore challenged the Act as it applied to transactions for future delivery in of bers of the Chicago Board of Trade. butter, eggs and Irish potatoes, while provisions applying to grain were questioned in the other petition filed by James E. Bennett & Co., F. S. Lewis & Co.,. Uhlmann Grain Co., Bartlett Frazier & Co., Richard Gambrill Jr., Edward O. of members of the Chicago Board of Trade already have an appeal from a lower court ruling pending in the Seventh Circuit Court of Appeals, advices from Washington, Dec. 7, to the New York "Journal of Commerce," in commenting on the action of the Supreme Court that day, There was because of the group said: ^ indication whatsoever no case as to the high court's attitude toward Whether the'plea for a writ of certiorari was denied pending in the lower court, or because of possible sym¬ pathy for this New Deal measure could not be determined. The Supreme Court on Dec. 21 declined to review the action of the Federal District Court for Western Missouri which recently dismissed the bill of complaint filed by the and a group of its mem¬ bers challenging the constitutionality of the Commodity Ex¬ Kansas City, Mo., Board of Trade I A Supreme Court review had been sought by change Act. imposing a lien upon the property of the or return in connection with this the order remains. , assessment long so as Adjustment Act was declared unconstitutional. however, court, died. returned when the AAA Action by Tobacco Processor* to Recover AAA Refunds Ruled Against City in Upholding Validity by Judge Mandelbaum in New York of 1936 Revenue Act dismissing, ■ Dec. 18, three suits by tobacco processors of impounded processing taxes collected Agricultural Adjustment Act (invalidated by a refunds seeking under on the Supreme Court decision), Judge Mandelbaum, in New ruling by the Circuit procedure, it is pointed out, is rarely permitted by the Supreme Court. M upheld as Upheld by Federal District Court in Indianapolis-— Alto Affect* Indiana Coal Companies Who Opposed Decision Levy on Guffey Act Tax with the new Act ' in the passed on Oct. 5, 1936, Judge Walter B. Jones of the Montgomery (Ala.) Circuit Court, sustained on Dec. 19 demurrers by the Associated Mortgage Companies, Inc., plaintiff in the case under consideration, to a plea filed by the Marshall Lumber & Mill Co., Inc., the defendant in the action, in which plea the Lumber & Mill Co. invoked the benfits of the Chichester Holding that the financial emergency provided for Chichester Moratorium Mortgage Act of 1935, had 1 Act.: < • "Advertiser," from which the foregoing is taken, also said in part: The Montgomery The Montgomery court, in making its ruling, followed a decision of or not the emergency actually be brought before them court ruled, then the "windfall" tax, any The following bearing on Judge BaltzelTs decision sumers. Indianapolis advices of Dec. 10 to the New York "Times": ■' " ' • • •' seeking the benefits of the Chichester Act, the chief foreclose a mortgage until 1939. w Supreme Court is to the effect that if the court trying the is of the opinion that further. available, whether existed at the time subsequent cases should benefits of which were a stay of any effort to case is from by the courts, and that the courts were ascertain, from all sources they deemed The ruling of the imposed by the Revenue Act of 1936 on Agricultural Adjustment Act tax refunds was upheld. The Revenue Act assessed a levy of 80% against the sums re¬ turned to processors which they had collected from con¬ the the summer of 1936, when the Supreme the existence of the financial emergency was essential for Alabama Supreme Court made in Dec. 10 by Judge Robert C. Baltzell in the Federal District Court of Indiapanolis, the validity of decision a ^ \ Judge Jone* of Montgomery (Ala.) Circuit Court Hold* Financier Emergency Provided for in Chichester Moratorium Mortgage Act of 193S No Longer Exist* on In MB: because the statute was valid and that therefore the refunds under a duty to *'Windfall" Tax York constitutional the Revenue Act of 1936. Judge Mandelbaum also ruled, according to the New York "Herald Tribune" of Dec. 19, that under the provisions of the Act applications for refunds could be made only to a board of review of the Treasury Department. His ruling, said the same paper, was banded down on the motion of Joseph T. Higgins, Collector of Internal Revenue of the Third District of New York, to dismiss the suits for refunds. It was reported in the New York "Times" of Dec. 19 that the New York court held that it was without jurisdiction City, the act to be effective and enforced a 1 ruled on the constitutionality of the "unjust enrichment"! tax which allows levies up to 80% on the processing moneys Neither Court held that Such * , reaching the decision, Judge Pollard concurred! with Judge John Paul, Nov. 23 granted a temporary order in United States District Court in Harrisonburg restraining Mr. Early from collecting the windfall tax on levies returned to the Shenandoah Milling Co. when the Agricultural on Court Appeals. , particular type of In who the Exchange without waiting for a of plaintiffs tax claimed to be due by must be in conformity Myers and John H. Fisher. tha Commodities Act. and- enjoins him from "assessing or attempting to 1930," Mills of filing a Roller In States Supreme Court on Dec. 7 refused to constitutionality of the Commodity Exchange The high tribunal denied two appeals asking it to review a recent decision by the Federal District Court for Northern Illinois upholding the Act. One of the appeals was that of William S. Moore, who acted in behalf of him¬ Noting that the any Validity of Com¬ The United of collecting or the plaintiffs commonly known as a tax unjust enrichment (windfall tax)." The decision also relieved the Rapidan Milling Go. and sihe Mine Run for modity Exchange Act pass on the Act of 1936. A REVIEW MONTHLY JAN., 1937] the financial emergency was over at the time the the trial court could hot stay the foreclosure proceedings .... In deciding that the financial emergency had passed, the Court said: "The Court has investigated all available sources of information as condition of the State of Alabama on or about Oct. 5,1936., . to the . Agreement Between Industry and Labor Union* Upheld in New York State Supreme Court—Collective Bargaining Pact Ruled Not in Conflict with Anti-Monopoly Law : ■■ Collective The "windfall" tax was attacked by Kingan & Co., Indianapolis packers, the contention that it was actually a "recap¬ ture" measure. Although the Judge's decision specified Kingan & Co., it applied to other similar suits filed in his court. "The complainant '(Kingan & Co.) had a perfect right to refuse to pay the taxes levied under the AAA and to contest its validity," the Judge said, "but if it collected from others the amount of such taxes and retained the amount so collected,. it then had an Income from an entirely different souroe than that derived from the conduct of its ordinary business, and and 90 other processors on entirely different from the other processors who paid the tax and were not reimbursed. coal companies to prevent the government from collecting the "windfall" tax on receipts received prior to the invalidation of the Guffey Coal Act by the United States Supreme Court, the "Times" advices said: Judge Baltzell also said the ruling today applies to several suits brought coal companies protesting against the "windfall" provision of a tax that followed invalidation of the Guffey Coal Act. In this Act the government seeks to collect 80% of the amount the com¬ by Southern anti-trust Supreme Court Justice Samuel I. Rosenman of The ruling, rendered in-a case involving the fur industry in New York City, was the first on the Dec. 1 by New York State. question in the New York State courts since the State law was amended in 1933 to exempt "bona fide labor unions." Justice Rosenman denied a plea for a temporary injunction Indiana Inc., and Fur Manufacturing Association, members against the Associated Fur Trimming Manufacturers, Inc., the International Coat and 19 of its Fur Workers Union and the by the Supreme Court. a City. policy and to enjoin the defendants from continuing acts of violence. - - Restraining Collection Temporary Injunction of "Windfall Tax"—Similar Ruling by Harrisonburg (Va.) District Court On Dec. 1, Judge Robert N. Pollard, in the United States District Court in Richmond, Va., granted a temporary in¬ ;v'vK ■#' ■^-'rrS/ir: . •?: /•:••••''- -X, \<•/ .Vv • -; r. V •;; T Alabama Unemployment Insurance Law Held to Violate Both. State an<f Federal Constitutions v./Under gomery, ance a ruling by a three-judge Federal Court in liont- Ala., on Dec. 15, the Alabama unemployment insur¬ law is held to violate both the State and Federal Con¬ stitutions. At the same time a permanent injunction against its enforcement was granted. The constitutionality of the unemployment insurance provisions of the Federal . '••y.''.. "v'.V'A alleged . ; Federal District Court in Richmond Grant* Furriers Joint Council of New The plaintiffs had asked the court to declare contract between the defendants void as against public York plainants would have been required to pay had the Guffey Act been upheld .. between labor unions from the provisions of and monopoly laws, according to a decision on sought by the American As to the decision's effect upon suits filed by Southern Indiana bargaining agreements and trade associations are immune •: • Social v. . MONTHLY REVIEW 4 Sailer and Edward L Dodge Withdraw from New York Federal was also challenged, was not passed by the three-judge court, composed of United States District Judges Samuel H. Sibley, C. B. Kennamer and L. F. Ervin, who unanimously "perpetually enjoined" the State of Alabama from enforcing the State Unemployment Insurance Act in the matter of "requiring contributions, BanxDf-New York, and Edward L. Dodge, Security Act, which R. T. reports or otherwise, or by exacting fines, penalties or other punishments because of the failure to comply with said Act, the said Act being held and declared to be unconstitutional and void because in conflict with the Fourteenth Amend¬ ment of the United States Constitution and of Article 1, Section 23, of the Constitution of Alabama." \ United Press advices from Montgomery on Dec. 15 said: Although direct plaintiffs in the/Jest case were Gulf States Paper Co. andi Southern Coal & Coke Co. of ffirmingham, more than CO other enter¬ prises both represented in the action; were granted oil grounds the insurance Act violates Alabama and Federal Constitutions in arbitrary classification of were The injunctions the employers and confiscation of private property .without due process of law. Upheld by State Supreme California Unemployment Insurance Act 1 Court Supreme Court on Nov. 25 upheld the con¬ stitutionality of the State Unemployment Reserves Act, under which the unemployed will receive benefits starting in 1938. The court's ruling, it is stated, released $15,000,000 in collected payroll taxes which had been impounded by the State Treasurer pending settlement of the case. The court also issued an order for the Treasurer to deposit the im¬ pounded money in a National bank in the State. The de¬ cision was handed down in a test case brought by Claude Gillum, operator of the Claremont Hotel, Berkeley, through his Attorney, John L. McNab, against State Treasurer John¬ son, State Comptroller Riley and the Unemployment Re¬ serves Commission, asking court direction for placement of The California the funds. Calling for Payment of Bond Indebtedness on Gold Value Basis the In Philadelphia "Inquirer" of Dec. 12 it was stated that two suits filed more than a year ago in United States District Court at Philadelphia by foreign banks to compel the Bethlehem Steel Co. to pay interest coupons on its $1,000,0Q0 of mortgage and refunding bonds on a gold value basis were withdrawn on Dec. 11. The "Inquirer" added: No reasons brought and were by N. Mondiale Liechtenstein. Anglo-Continentale to Maatschappij Trust which were of Rotterdam, the suits, Haijdels-Und Verwaltungs A. G., of the principality of " the United After offered banks V. for the termination of given off the gold States went the interest pay insisted that the be payment ' standard the steel company but the foreign in the original number of in deflated dollars, coupons made banks this the steel company interest in American money, than and would have to pay out would it it to refused, more to the foreign bondholders, who would be paid in with the result that the foreign banks brought suit here in October, 1935. Federal District Court in Complaint Seeking to Washington (P. C.) Dismisses Amended. Restrain Issuance of Federal 'Reserve .'"iC action by John Montgomery D. ' of Philadelphia to restrain the Federal Reserve System from Issuing Federal Reserve notes was dismissed on Dec. 18 by the Federal Dis¬ trict Court for the District of 'Columbia. The same court had previously dismissed a similar action brought by Mr. Montgomery. It is stated that the court's latest edict was amended complaint. In his suit Mr. Montgomery contended that the power to coin and control money was constitutionality assigned to Congress and could not be delegated to the Federal Reserve System. on an Banco de Colombia Required by Supreme Court Justice Kadien in Brooklyn to Pay Accrued Interest to American Bondholder on Supreme Court Justice Thomas C. Kadien, in Brooklyn, N. Y., signed an order on Dec. 3 requiring the Banco de Colombia to pay to an American bondholder accrued interest $2,000,000 bond issue, made by the bank in April, 1927. The institution is a private banking corporation of the Republic of Colombia, As to the decision of Justice Kadien, we take the following from the New York "Herald Tribune" a on —Minimum the mitted or to of Colombia remit made payment to any impossible in that foreign country money is per¬ for amortization of interest no person mortgage obligation unless there be received special permission from the government. It was said ■ that the bank had payment could not be made. was It no money in this country and therefore pointed out that this prohibitive law passed after the issuance of the bonds. John J» Burns Resigns as was General Counsel of SEC—A. E. Throop Named Successor John Farmers respects to the 1936 program, was announced Dec. 8 by Henry A. Wallace, Secretary of Agriculture. Like the 1936 plan, the new program offers payments to those farm¬ ers who meet specified conditions for shifting land from soil depleting crops to soil conserving crops, and for carrying out approved soil building practices. Expenditures are limited to the $500,000,000 authorized under the Soil Con¬ servation and Domestic Allotment Act. However, since the Conservation Act did not actually appropriate the money, it remains for the coming session of Congress to vote the funds. ICC Petition Railroads Denies to Emergency Continue Freight Charges By sion 9-to-2 decision the Interstate Commerce Commis¬ a Class I railroads that Dec. 19 denied the plea of on freight charges, scheduled to expire Dec. 31, be continued until 60 days after the Commission's decision on emergency general freight-rate adjustment. Those dis¬ Chairman Mahaffie and Commissioner McManamy. The Commission majority cited expanding na¬ tional recovery and declared that the conditions which led to the original authorization of the emergency charges no the proposed senting were longer existed. , r Adihorites ' Transcontinental Rail Rate Increase ■ ■ freight rates, which in effect will virtually offset the loss of the emergency surcharges on that traffic, were authorized on Dec. 23 by the Interstate Commerce Commission. Th.e rate increases received ICC sanction when the Commission refused to suspend tariffs Increases in transcontinental proposing The cut rates became effective rates in effort an to made by ship lines Both ship and rail carriers-had previously traffic last fall. from each other in the Atlantic-to- get business Chief beneficiaries under the rate increase will Pacific trade. called new correspond roughly to tariff changes increases inter-coastal on The changes. the The "Wall Street Journal," Dec. 24, further states: Dec. 24. include carriers, which transcontinental among be the so- others the Southern Pacific, Union Pacific, the Northern's and the St. Paul. At the same time, however, the Commission suspended tariffs filedi by proposing base rate increases on traffic generally in a direct Western roads been had tariffs filed not was surcharges. generally known, but Commission's order which placed thetn The fact that these revealed by the was under suspension until July 24, 1937. United Improved Finland Only Nation to Make Dec. IS War Debt Payment to Hopes With the exception defaulted on the Effect Settlement with of Finland, all the foreign countries their Dec. 15 instalments due the United States on war to Conditions Economic 15 instalments, excluding Fin¬ The Dec. debts. $213,315, totaled $154,880,658, which amount, when added to previous defaults of $1,159,958,451, brings total sums now due the United States to $1,314,821,109. The total war debt owed the United States, including the payments land's is in excess of $12,000,000,000, it was noted in Associated Press advices from Washington, Dec. 15, which in arrears, listed the indebtedness of the various countries as follows: Austria, $23,898,429; Belgium, $432,042,469; Czechoslovakia, $165,576,380; Estonia, $19,560,959; Finland, $8,448,982; France, $4,081,227,249; Great $2,257,824; ; $5,107,446,980; Britain, Italy, Poland, Greece, $33,399,686; $2,017,013,118; Latvia, $8,054,808; $244,789,002; Rumania, $63,949,966, Hungary, Lithuania, $7,Yugoslavia, and $61,625,000. Finland is the not in only country of the debtor nations which is In arrears. note informing the United States that a it would default on its Dec. 15 instalment, the French ernment expressed Gov¬ hope that improved world economic con¬ permit it to open negotiations with a view to acceptable arrangement for settlement of the debt. ditions would an United States and Costa Rica Sign Reciprocal Trade Pact opposing the granting of the order, counsel for the bank argued that laws Participating to Agricultural Conservation Program, similar in The 1937 of Dec. 4: In Payment many 207,793 $2,000,000 Issue Wallace Increased AAA Conservation Program for 1937 Announced by Secretary States—France Notes An Bank, retired from those effort to combat losses from' the emergency guilders specified in each bond. To do General Auditor offices on Dec. 31, they having reached the retirement age—65 years—under the retirement system of the Federal Reserve hanks. of the ICC Foreign Banks Withdraw Suits Filed Against Bethlehem Steel Co* Vice-President of the Federal Reserve Sailer, F. Louis - , p:g*"r,l< Bank Under Retirement Plan ; fi' i upon J. Burns, General Counsel of the Securities and Exchange Commission since its formation in July, 1934, resigned from that office on Dec. 29, effective Jan. 15. Mr, Burns, a former Justice of the Massachusetts Superior Court, will open a law office in Boston with a branch office in New York City. The Commission also announced on Dec. 29 the appointment of Allen E. Throop, Senior Assis¬ tant General Counsel, as successor to Judge Burns. President Roosevelt, in accepting the resignation on Dec. 29 with "very real regret," expressed his appreciation of the "splendid service" accorded the Government by Mr. Burns. " Details of between the Washington on Nov. 30 by the State Department. The agreement, the fifteenth completed under the Trade Agreement Act of 1934 and the eighth entered into with a Latin American country,, was signed in San Jose on Nov. 28 by representatives of the United a reciprocal States and Costa trade Rica United States and Costa Rica. agreement were issued in It will become effective 30 days after its proclamation by the Presidents of both, coun¬ tries, following its ratification by the Costa Rican Congress, now in session. , , ' . Aside from Costa Rica, the United States also has recip¬ rocal trade agreements with Brazil, Colombia, Cuba, Ecua¬ dor, Haiti, Honduras and Nicaragua, and also Canada, Bel¬ gium, Finland, France, The Netherlands, Sweden and Switzerland. Dr. L. J. A. .' Settlements—Will as Dr. Leonardus Jacobus A. signed on Dec. 14 as v President of Bank for International Continue in Office Until May Trip Resigns Trip, of The Netherlands, re¬ President of the Bank for International Settlements, Basle, Switzerland, but agreed to continue in until the annual meeting of the Bank's assembly in office 5 MONTHLY REVIEW JAN., 1937] May could approve the succession of Dr. of The Netherlands, now Vice-President. Beyen is not a director of J. W. Beyen, also Inasmuch as Dr, the Bank, it was stated in Associ¬ from Basle, Dec. 14, it will he necessary for the directors to change the Bank's statutes to provide that a non-member of the board may serve in the Presidency ated Press advices Strike Threatened in Automotive Industry Closes Plants Motore Corp.—Strikes at Glass Plants Toward the end of the month a of Genera? strike threatened to tie the entire automotive industry, as leaders of the Com¬ mittee for Industrial Organization intensified their union¬ ization drive among motor employees. The primary issue is the right of United Automobile Workers, sponsored by the C. I. O., to represent all motor employees in collective bargaining. Union leaders predicted that all General Motors plants would soon be closed. - : A shortage of glass due to strikes in several glass plants, prompted the General Motors Corp. at the end of December to reduce production and to notify its hundreds of suppliers to curtail shipments. The decision of the corporation to operate on a restricted basis has resulted in throwing out of work thou¬ sands of men, both in and outside the corporation, it was stated in Detroit advices to the "Wall Street Journal" of Dec. 31, which added: Libbey-Owans-Ford Glass Oo. is General Motors principal source of glass supply, and the two weeks old strike in that company's plant has forced General Motors to draw on its glass inventories. With Pittsburgh Plate Glass Co. also down, more than 85% of the company's glass manu¬ facturing facilities are closed; so that unless and until peace is restored in the glass industry, General Motors, as wall as other automobile companies, U]> will be forced to curtaU or stop production. various divisions of the General Associated Press advices from Detroit, Dec. As to the strikes in the Motors Corp., "Herald-Tribune" of Dec. 31, had the \ 30, to the New York following to say:,, that the strikers dent would return to work, John said that the workers of the company, G. Pew, Presi¬ would resume under the same conditions which prevailed before strike, but that negotiations for higher wages would be their jobs the started after Jan. / 1. British Indicative of recent . Equalisation Fund results of British Exchange Equaliza¬ announcement in London by Chancellor of the Exchequer Neville Chamberlain, Dec. 15, regarding the gold holdings of that fund. It was declared that the issue department of the Bank of England had pur¬ chased £65,000,000 of gold, of which £60,000,000 would be utilized to reduce the British fiduciary note issue, and £5,000,000 as a basis for credit expansion. Although the announcement failed to state where the gold was purchased, it was sufficiently obvious that the metal came from the holdings of the official British exchange fund, and numer¬ ous public accounts to that effect were undented. The obvi¬ ous explanation is that the fund was gorged with gold and required a fresh supply of sterling with which to continue operations. Although gold has moved steadily from England to the United States in recent months, the; conclusion is warranted that the fund acquisition of gold exceeded such shipments. The French Treasury credit of £40,000,006 obtained early in 1936 from London bankers was repaid early in December in gold, and this huge trans¬ fer probably had something to do with the' decision an¬ nounced by Mr. Chamberlain. It is instructive to note that all but £5,000,000 of the gold acquisition promptly was sterilized through use of the metal as collateral for part of the outstanding fiduciary issue. That, of course, is all that is signified by the statement that £60,000,000 gold would be used to reduce the fiduciary issue, which is backed by paper. There were indications of somewhat similar tion Fund operations was an Switzerland, on a smaller scale, tended to show that gold came out of hoards sizable amounts after the gold bloc devaluations, increas¬ measures in Holland and body plant No. 1 at Flint, and B. J. Parker, manager of the plant, announced that it would be closed. It employs 6,500 persons. " \ " The No. 1 Fisher factory at Flint supplies the Buick Motor Company' plant there with bodies. Buick, like Fisher Body, a Gen eral Motors Corp all of which unit, employs 16,000. An earlier "sit-down" strike in the Fisher due Dec. 15 from a baker's dozen countries,, but the United States Treasury re¬ ceived on that annuity date only the small sum from Fin¬ land, leaving the actual fiscal situation unchanged. There were some signs, however, of willingness on the part of some debtors to resume negotiations on this matter, while a significant change was noted in the tone of a few debt notes. The United States Government sent to the various debtors its usual reminders that an aggregate of $1,315,052,424 would be due and payable Dec. 15, the sum consist¬ ing of $155,093,973 of ordinary interest and amortization payments and $1,159,958,451 of overdue payments. The started tonight in the Fisher The latest of the strikes body plant No. 2 at Flint, caused the Chevrolet Motor Oo. to suspend operations in its assembly and delivery departments, sending 1,000 workers Mich., left 1,200 idle and home. •. Chevrolet assembly line halted at Flint, 60 workers Standard Cotton Products Co., which supplies automobile seats to the Fisher plant, began a "sit-down" strike. They demanded 20 cents an hour wage increase, an eight-hour day and time and one-half for overtime. i At Akron, Ohio, P. W. Litchfield, President of the Goodyear Tire and Rubber Co., informed the employees tonight that curtailed production caused by business lost during "sit-down" strikes would make it necessary to lay off several thousand workers or shorten the hours, or both, in 1937. Four Fisher body plants, at Flint, Cleveland, Atlanta and Kansas City, Two hours after the of the day shift of the cotton filling for Mo., are closed by strikes, and negotiations for settlement have been stampings, ship¬ ping from there to other Fisher divisions, is the only one of the four that has not interrupted an accompanying Chevrolet assembly line. Union offi¬ deadlocked. The plant at cials refused to accept the Cleveland, which makes body settlement. the plants of the Libbey-OwnesPittsburgh Plate Glass Co. Strikes were in progress at Ford Glass Co. and the Suspended by Assistant Ship Yard in Chester, Shipbuilding & Drydock Co, Ended Pacific Coast Maritime Secretary of Pa,, of Sun Peace Negotiations Labor McGrady—Strike at Following the failure of peace negotiations between Pa¬ cific Coast shipowners and the* marine firemen and deck officers' unions, Edward F. McGrady, Assistant Secretary suspended until the the had sought several changes in the tentative agreement reached Dec. 18, but the shipowners rejected this request on Dec. 30. They also refused to make any concession on the demand of the deck officers for preferential employment Regard¬ ing the refusal of the shipowners to the request of the firemen's union, United Press advices from San Francisco, of Labor, said on Dec. 30 that he had following week his efforts to negotiate settlement of Pacific Coast maritime strike. The firemen's union Dec. 29, said: A committee representing the union informed the Coast Shipowners of their dissatisfaction with certain terms asked that the pact be reopened and changed. Committee for of the agreement and in ing the monetary gold stocks of the world sharply. Intergovernmental Debts : War debt payments were of European actual amount received was $231,315, from Finland. The consistently paid its debts throughout the depression, to its everlasting honor. Complete default again was chosen by "Great Britain, France, Italy, Belgium, Czecho¬ slovakia, Poland, Estonia, Latvia, Hungary, Lithuania, Ru¬ mania and Yugoslavia. It was in the British and French rejoinders to the semi¬ annual reminders that differences appeared, as against pre¬ ceding notes. The British communication omitted the usual statement to the effect that the reasons forcing the default in 1934 are unfortunately no less valid than they were then. This was an obvious recognition of the prosperity now en¬ joyed by Great Britain. Sir Ronald Lindsay, British Am¬ bassador to the United States, expressed thanks in his com¬ munication for the willingness of the United States to dis¬ cuss any proposals which might be put forward. "I am to assure you in return," the note stated, "that his Majesty's Government will be ready to reopen discussions on the matter whenever circumstances are such as to warrant the small country reached." hope that a satisfactory result might be French note, couched in fairly cordial terms, inability of the French The regretted the Government to present any proposals. in the communication of the distressing economic conditions in France and the disequilibrium of world trade and payments. The hope also was expressed, Much was made however, that improvement in conditions and the triumph diplomatic negotiations if'the pact were with a view to an arrangement acceptable to both countries. modifications* imade in the concessions they had granted. Early in December, unofficial advices from Paris suggested The discussion breached a stalemate and the conferees parted without that France might be willing to settle on a basis of about setting a date for another, meeting. 12% of the amount owed, with payments to be stretched It was the second stalemate within fwp days. Yesterday the shipowners over the next 20 to 25 years, without interest Continuous and the Masters', Mates' and Pilots' Association failed to break their long conferences were reported between French officials and deadlock over the control of hiring. The breakdown of this conference; cm United States Ambassador William C. Bullitt, and it was which be had worked two weeks, caused Edward F. McGrady, Assistant not denied that these were concerned with the war debts. Secretary of Labor, to report to Washington that the most serious crisis since the strike began had arisen. Late in December it appeared that an official British ParThe national maritime strike entered its second month on iamentary group will visit the United States soon, with Committee, replied that reopened the operators also Would seek to have certain Thomas G. Plant, Chairman of the Shipowners' of the democratic thesis will permit , Dec. 30. The situation along the Atlantic and Gulf Coasts December by several clashes in New York, Jersey City, N. J., and Houston Texas; the clash In .New York was between striking insurgent sea¬ men and longshoremen during a meeting between Joseph P. was study of the debt one marked during the closing days of Ryan, President of the International Longshoremen's Asso¬ ciation, and strongly opposed the strike, and Joseph Curran, strike leader. Strikers at the shipyard in Chester, Pa., of the Sun Ship¬ building & Drydock Co. returned to their jobs on Dec. after a strike of three weeks. In announcing on Dec. 28, 24 of its aims. Trade Treaties International trade problems continued to receive close Washington and other capitals during December, and some moves Were made toward clarification of the losition and removal of a few trade barriers. Announce¬ ment was made in Washington on Dec. 1 of a new trade reaty between the United States and Costa Rica, this being he fifteenth in the series of reciprocal tariff treaties negoti¬ ated under the special powers granted to President Roosestudy in / '■-■■I-:-' MONTHLY REVIEW 6 velt by The accord with Costa Rica repre¬ Congress in 1934. trade restrictions which really other who Mr. for friendship and amity in the opened: by President really responsible for the confer¬ sessions was were Roosevelt suggested in a - series of personal communications to the heads of all Latin American States early last year that the peace machinery of the two Amer¬ ica^ might well be augmented, and he asked for suggestions on'ways to achieve that end. The response was enthu¬ siastic, and plans for the Buenos Aires conference slowly Argentina sent out invitations for the meeting, matured. and acted host to the numerous as President Roosevelt made Buenos Aires on delegations. ; , , r, hurried and a speedy trip to the cruiser Indianapolis in order to open the sessions of the conference. He stopped en route at Rio de Janeiro, and on his return journey stopped also at Monte¬ video, making timely speeches in both cases. The delegates were welcomed by the Argentine President, Agustin P. Justo, and his Foreign Minister, Carlos Saavedra Lamas. Secretary of State Cordell Hull, who preceded President Roosevelt to Buenos Aires, urged all present to furnish an example of achievement that will offer hope to a troubled made the mostThe treaties The Roosevelt, ence. treaty are continuing. No formal negotiations have taken place, as yet, but there is no doubt that a reasonable arrangement would be- viewed with favor in both countries; It was announced in Washington and Rome, in mid-Decem¬ ber, that the Italian-American trade treaty of 1871 will lapse Dec. 15, 1937, owing to the need for modernizing the accord and freeing the United States from the Italian quota favored-nation clause of the pact a dead letter. existing Americas. only a small step toward freeing international trade from its tariff shackles, but all such moves are to be wel¬ comed. In the main, both countries agreed to retain on the free list some important products received from each 'other, and not to raise duties on others. Costa Rica also agreed to reduce its customs levies on a series of American agricultural and pharmaceutical products. The treaty affects approximately $3,000,000 of American products ex¬ erted annually to Costa Rica, and about $2,000,000 to $3,000,000 of importations from that country. V^ f London reports early in December suggested that surveys with a possible view to an Anglo-American reciprocal tariff and the to sented / world. With the initial ceremonies over, the conference buckled down to the task of formulating new instruments of new treaty is to be based on genuine most-favored-nation treat¬ ment, it was Said, and it also will take account of recent American neutrality legislation. The problems of German- and vigorous manner* American trade policy of the Roosevelt Administration. were issued and were reviewed and by the Treasury. ' American merchants without arrangements It was resort may of fear new to virtual when imports from American the Reich. Such such marks are the and were not property of American Importers acquired merely to gain a trade advantage. old hatreds and , Washington treaties, by which of and the latest was denounced conferences in is disregarded. ing side and that the work of creating them employs by the millions, It is natural, however, for us conclude that such employment is false employment, that* it builds no permanent structures and creates no consumers' goods for the maintenance of a lasting prosperity. We know London, early last year, with the Wash¬ ington accord, on which it was based. By these measures the leading nations of the world found their restrictions on no that nations guilty of these follies inevitably face the day when their" weapons of destruction must be used against their neighbors, or when an unsound economy like a house of cards must fall apart. In either rules whatever for quantita¬ fleets in the in leading countries. with we treaties. The United States, freed by this action, decided keep over-age destroyers, and Japan decided to keep surplus submarine tonnage. Sir Samuel Hoare, First Lord of the British Admiralty, expressed the views of almost all diplomats when he declared in the House of Commons, on to Dec. 18, that "In view of the deterioration of the general international situation, this is obviously not the moment when any Power would wish to scrap serviceable vessels." Inter-American Peace Conference Contrasting sharply with the discord prevalent in most was the essential harmony of the InterAmerican Peace Conference, held in Buenos Aires Dec. 1 to 22. The meeting was not without its anxious moments, occasioned chiefly by an Argentine desire to retain Euro¬ pean diplomatic contacts and arrangements and work them in with the new accords prepared for the approval of all the 21 American Republics at Buenos Aires. But such problems as the intertwining of the new treaties with the were quietly set aside as the sessions prog¬ ressed, and several highly important additions were made confident that of us our to run counter progress.' to our Ideals of human liberty and < < ■ . v These sentiments also found expression in the addresses of President Roosevelt at Rio de Janeiro on Nov. 27, and at Montevideo on Dec. 3. One noteworthy comment, made at Rio de Janeiro and repeated at Buenos Aires, was to the effect that each of the American nations has learned the glories of independence. "Let each one of us learn the glories of interdependence," Mr. Roosevelt added. zilian Congress was United States Buenos Aires, Mr. treaty between be negotiated. never informed will by the President that the invade its Roosevelt Argentina and The Bra¬ sister indicated that republics. In a new trade the United States soon might He promised also to look into the question of the American embargo on Argentine meats, which long has rankled that country. In a further speech at Monte¬ video, the President emphasized the need for better and faster travel and communication services between North South America. He stressed also the nee°d for social legislation along the lines of minimum working hours, col¬ lective bargaining, protection of women and children in industry, and the greater use of modern inventions. These activities concluded, Mr. Roosevelt started on his and ' parts of the world League Covenant am Mr. Roosevelt proclaimed, and generation can continue its successful applica¬ tion in the Americas it will spread and supersede other methods by which men are governed and which seem to most two for fresh construction. Germany laid the keel for several large vessels; France is building similar ships, and Italy also started her shipyards humming with activity. More¬ over, the British Government implemented the "escalator" clause of the 1930 London treaty, and retained cruisers that would ordinarily have been scrapped under the limitation Yes, I still the hope of the world, if we in preparations during the latter part of 1936 for immediate and rapid construction of several huge battleships, and here in the United States plans were announced for the construc¬ corresponding vessels. The actual building plans of Japan remain somewhat obscure, but the budgetary appropriations indicate that vast sums are to be expended impends? a shoulder to shoulder in a final determination to repel any aggression from others who might be driven by war madness or land hunger to commit unfortunate acts. Democracy is national bud¬ gets is sufficiently sad in itself, but even more harmful is possible exacerbation of international ill-will implied in the furious construction programs. Great Britain 'made of and threaten ening of the processes of constitutional democratic govern¬ The American republics, he said, should stand the tion we, ment. This situation is exceedingly ominous, for every country apparently is determined to outbuild its neighbors and pos¬ on great war a war, program for the course thus suggested, Mr. Roose¬ velt proposed first that everything possible be done to pre¬ vent a future war in the Americas. He called for a strength¬ the intention The effect no can." As that would Baltic or the Pacific. sible opponents in any conflict. us the catastrophe which Russia, also, is forging of building match potential enemy \ naval strength strength, The madness of in our good in a hundred And the economic collapse of dny nation or nations must of necessity harm our own prosperity. Can we, the republics of the New World, help the Old World to avert Anglo-German accord. naval involved ways. situation has changed, of course, for since 1922 the German Government has resumed its place as a world Power and abviously is intent upon building up a navy under the terms of the become world would affect The ahead Americas suffer. 1937, upon a new and really quite unrestricted phase of naval armaments competition. There is a tendency every¬ where to make the most of this situation, and building on a progress in all though too, must in other parts of the case, even the The world thus entered, with the start of large scale is already in and women either naval armaments lifted almost entirely, for the pact signed in London last year merely specified certain qualitative tive limitation. on every men by Japan after fail¬ the London treaty of 1930 went out limitations and laid down We hear the demand for We read that the sanctity of treaties 'between nations We know, too, that vast armaments are aris¬ quest. Great Britain, the United States, Japan, France and Italy confined their building chiefly to replacements, since 1922. ure fanaticisms. justice and inequality be corrected by resorting to the sword not by resorting to reason and peaceful justice. We hear the cry that new markets can be achieved only by con¬ The end of 1936 marked also the end of the and London naval armaments limitation Washington accord new and Armaments The a spirited inspired largely by the Good Neighbor President Roosevelt's address, was, of course, the high light of the opening session, but the speech consisted mainly of an emphasis on peace throughout the Americas, Those who expected the President to break new diplomatic ground were disappointed. "You who assemble today," Mr. Roose¬ velt declared, "carry with you in your deliberations the hopes of millions of human beings in other less fortunate lands; Beyond the ocean we see continents rent asunder by barter countervailing countervailing duties were lifted last summer, after the Germans discon¬ tinued the use of blocked marks in fostering exports to this country. The Treasury ruled also that German registered marks may be used for making payment for German goods, duties "on JDhe delegations attacked the problem in peace. regulations indicated that German some return journey. President Justo of Argentina expressed great hopes for the success of the Inter-American Peace Conference in his address at the opening session, and he also indicated that all of Latin America felt gratified over the appearance of President Roosevelt at the meeting. 'The decisions which are. adopted at this conference are certain to contribute toward improving conditions throughout the world," he said. * Jf ,' ■..j.;-':',','1 v'.-ii la MONTHLY - REVIEW Jan., 1937J they should not immediately have that result, we should not be disheartened, for we should Remem¬ ber that all the great conquests of humanity have been the result of long-continued efforts." Dr. Carlos Saavedra Lamas expressed the opinion that the conference will con¬ stitute an important historic event for the countries of the and to all appearances King's brother, the Duke of York, it was occasioned by difficulties placed in the way of Edward, who desired to marry an American divorcee, Mrs., Wallis Warfield Simpson. The fact that a crisis was ap¬ proaching was made known to the British people only a week before it occurred, but the long period of trying nego¬ tiations was known rather generally elsewhere. It became Americas. He voiced great admiration for Mr. Roosevelt. evident early in December that the King had no intention Mr. Hull declared late in the day that a magnificent begin¬ of changing his views with regard to the throne, nor his ning had been made by the conference, and he quoted the desire to marry Mrs. Simpson. The upshot was that Edward old adage that well begun is half done. The conference, he announced his abdication through the Speaker of the House said, has an opportunity to evidence the willingness of all of Commons, in a brief message. The termination of the 2J American republics to sacrifice for peace, and Mr. Hull brief reign of Edward was a sad blow to the entire British felt sure they wjll bring forward practical, workable agen¬ Empire, but a measure of relief was felt regarding the end¬ "But even in case cies '1; toward that end. proposals actually began, sonpie differences promptly appeared. Secretary Hull laid before the gathering on Dec. 6 a draft treaty calling for a pledge not to ship arms or war materials to belliger¬ ents anywhere in the worlds not to lend money to bellig¬ erents. Such drastic aims were debated at length, but toned down considerably In the course of the negotiations. Dr. Saavedra Lamas opposed the American doctrines, and made it clear that Argentina did not desire such a drastic drift away from European influences,\ But by pec. 12 all the delegations were reported in general agreement as to the outlines of three treaties, designed to bolster the existing peace machinery, the accords were put into shape and approved at a final plenary session on Dec. 23." The draft treaties and resolutions adopted deal with more than 30 subjects. As it happened, the United States Supreme Court upheld, on Dec, 21, the joint Congressional resolution of 1934 authorizing the President to establish embargoes on arms shipments from the United States to Bolivia and Para¬ guay, as. combatants in the dispute regarding. the Chaco, and the prestige of the United States delegation at Buenos WJien serious ■ ' ing of the crisis. Prime Minister announced to the Com-, Stanley Baldwin presenting a message from the King, signed by his own hand. The House listened in stunned silence as the abdication was read by the Speaker, "Realizing as I do the gravity of this step, I can only hope that I shall have the understanding of my peoples in the decision I have taken and the reasons which have led me to take it," the message said. "I conceive that I am not overlooking the duty that rests on me to place in the fore¬ front the public interest when I declare that I am conscious that I can no longer discharge this heavy task, with efficiency or with satisfaction to myself. I have accord* ingly this morning executed an instrument of abdication in the terms following: T, Edward VIII of Great Britain, Ireland, the British Dominions Beyond the Seas, King Em¬ peror pf India, do hereby declare my irrevocable determina¬ mons on Dec. 10 that he was and my descendants. should be given to this instrument of abdication immediately.' My execution of this instru*; ment has been witnessed by my three brothers, the Royal Highnesses, the Duke of York, the Duke of Gloucester and Aires was augmented by this incident. the Duke of Kent. I deeply appreciate the spirit which has . Perhaps the most important of the pacts initialed at actuated the appeals which have been made to me to take Buenos Aires is one entitled "A Declaration of Inter-Amer¬ a different decision, and I have before reaching my final ican Solidarity and Cooperation." This treaty postulates determination most fully pondered over them. But my mind "the absolute juridical equality and unlimited respect of is made up. Moreover, further delay cannot but fee most sovereignties" among the 21 American republics. In effect, injurious to the peoples whom I have tried to serve as Prince it replaces the traditional unilateral Monroe Doctrine with of Wales and King, and whose future happiness and pros¬ a multilateral doctrine of non-intervention and consultation perity are the constant wish of my heart. I take my leave in the event of any infraction of sovereignty. A further of them in the confident hope that the course which I have pact calls for inter-American mediation and the creation of thought it right to follow is that which is best for the sta¬ new machinery to facilitate the settlement of disputes be¬ bility of the throne and empire, and the happiness of my tween American republics. Still another treaty aims .at people. I am deeply sensible of the consideration which they the prevention of controversies, as it provides for perma¬ have always extended to me both before and after my acces¬ nent bilateral and mixed commissions to study means of sion to the throne and which I know they will extend in full applying existing accords and eliminating causes of friction. measure to my successor. I am most anxious that there Numerous resolutions were passed on such matters as should be no delay of any kind in giving effect to the instru¬ maintenance of peace, definition of aggressors, coordination ment which I have executed and that all necessary steps of current treaties and other matters. Nine economic reso¬ should be taken immediately to secure that my lawful suc¬ lutions and recommendations were included, with the general cessor, my brother, his Royal Highness the Duke of York, aim of reducing ft consideration; of peace tariff barriers, stabilizing tion to renounce the currencies, abol¬ ishing exchange controls and establishing an inter-American economic and financial institute. One resolution, adopted despite the abstention of the United States delegation, calls for coordination of the Kellogg-Briand and Saavedra Lamas with the Covenant of the League of Nations. Committees of experts will continue to carry on some of the important phases of the work undertaken at the conference which could not be finished in the course- of the brief anti-war pacts sessions, In * the closing session of the conference, Dec. 23, Secre¬ tary of State Cordell Hull urged the rest of the world to note the accomplishments of the gathering, and he warned it will destroy the nations. The message was read by Assistant Secretary of State Sum¬ ner Welles, owing to a slight illness of Mr. Hull. "Those who sit in the masters',seats and shape the destinies of other men are under the most imperative of mandates to leave no course which may avoid war unexplored," the mes¬ sage said. "The real patriots and the real heroes of the future will be the leaders who find and follow the road to peace," Democracy still is the hope of the world, Mr. Hull insisted, since stability in government can arise only from the institutions of a free people. "There is no need for this conception to be limited to the American people," he added. "There is an imperative necessity for its immediate world¬ wide application. Surely, the time has come for every nation in the world to take inventory and to examine its that war must be destroyed or purposes and policies. learn to forgive and forget own throne for myself My desire is that effect like individuals, nations must the injuries done them by fallow nations. Democracies today are free to express the desires of all peoples for peace. While favoring the maintenance of a military power adequate to gudrd their security and to protect their national interest against aggression, they con¬ tinue to work for peace by every practicable means. They believe that future peace can be assured by the development of public opinion every where that will utterly repuidate should ascend to the throne." After this momentous Prime Minister Baldwin and solemn declaration was read, outlined the conversations he had during yecent months with King Edward, and made it plain that during the long earlier stages of such discussions he took no one into his confidence and did not even inform of his calleagues in the Cabinet. His views regarding the marriage with Mrs. Simpson that the King desired to consummate were communicnted Nov. 16. "I told him I did not think that particular marriage was one that would receive the approbation- of the country," Mr. Baldwin re¬ lated. But the King replied that he intended to marry Mrs. any Simpson and was prepared to go. The possible compromise of a morganatic marriage was studied but rejected, and all other phases of the matter likewise received attention. The formal decision to abdicate was reached, however, on Dec. 9, and then made known with a praise for the spirit and Mr. minimum of delay. Baldwin had no word of censure for King Edward and only" determination of the Monarch. European Diplomacy > • comprehensive effort at a settlement of some outstanding European diplomatic prob¬ lems was started by the British and French Governments, and on the outcome of the endeavors a good deal depends. During most of December the European countries continued their rapid increases of armaments and their private diplo¬ matic conversations regarding alliances. The discords/of Toward the end of December a Europe centered about Spain, to a large degree, and this precipitation of animosities apparently disposed London and Paris to make another effort for general appeasement, Italian goodwill was gained, to a degree, by virtual recog¬ nition of the Ethiopian conquest, while further improvement in Anglo-Italian relations was reflected in a Mediterranean accord. Whether this will halt the growth of the GermanItalian unity is a question. In any event, Chancellor Hitler was reported to haye received an offer from France of some the acts and utterances of statesmen propagating doctrines African colonies in return for genuine assurances of neu¬ of militarism." trality in the Spanish civil war and a peaceful attitude in British Crown general. Precise terms of this proposal were not disclosed, but Chancellor Hitler promptly started a detailed study of Great Britain passed through one of the strangest crises the entire matter at his Bavarian retreat. in the long history of that country in December, with the The League of Nations no longer appears to be a matter climax reached on Dec. 10, when Edward VIII renounced of much concern' to its most important member States, and the throne which he gained less than a year ago on the death of his father. The renunciation was in favor of the all negotiations were conducted, without reference to that < ., , "J.'V 8 MONTHLY KEVIEW body. The League Council met at Geneva Dec. 10 to hear a main, by 30,000 Germans, 5,000 Frenchmen and 800 Irish¬ it was estimated. The loyalists were said to have on protest from Spain about the aid being furnished the rebels by other countries, but no action was taken. The League Committee Reform on of the Covenant met Dec. 14, men, These "volunteer" activities were not the only ones, how¬ to occasion concern. A Spanish loyalist submarine was torpedoed and sunk by an opposing undersea craft on Dec. 12, and the loyalists were able to make out an imposing silence, accomplished thereafter. The strange Ger¬ man-Japanese treaty against the Communist Internationale nothing was continued to a ever, cause speculation as to its real intent, but no vouchsafed, even though the pact provoked good deal of criticism in Japan. Italy was expected for a information was against the contentions that the insurgents possessed submarines, leading to the conclusion that an active hand was being taken in the struggle by other navies. The case any while to join in the arrangement, but Rome announced on Dec. 2 that a new agreement with Japan provided only for mutual recognition of the several conquests in Africa and Asia. German campaign for a some 12,000 Frenchmen, 10,000 Russians, 2,000 anti-Nazis, and a scattering of other nationalities. German the initial call for proposals was met only by painful and side their but rebels added to the anxieties that authorities continued unremittingly their return of German colonies lost in the World of their one vessels ductions of their Embassies at Addis Ababa to consulates- broilment of other countries general. the British and The British Government insisted that this did not constitute recognition of the Italian conquest, but the move continued peace. The rapid drift of Europe as a whole toward embroilment in the Spanish war plainly occa¬ assure sioned the latest effort, Real neutrality in that conflict is the obvious aim, but reliable reports indicate that an effort also was made to meet the German demands for colonies and the Italian desire for recognition of the Ethiopian terri¬ torial acquisition. A tentative offer is said to have been made to Chancellor Hitler of French mandated territory in totaling some Togoland and the Cameroons, in Africa, 181,000 square miles and possessing stores of mineral wealth. British authorities they were were less specific as to the concessions willing to make to Germany, but. it was stated that such matters must be handled through the League of Nations. In good part the newest endeavors are said to have been caused by British and French apprehensions re¬ garding the economic conditions in the Reich, and it may well be that any settlement will contain important financial and economic sections. Spanish Rebellion Intervention and increased of course in the Spanish civil efforts at mediation the rebellion which by some nations, by others, marked the war took its start last July. Throughout December the rebel and loyalist armies strug¬ gled just outside Madrid, with the loyalists making a little more than the progress undoubted rebels. The latter, however, had in the air, and they used that mili¬ if not every effectively, in daily bombings of the defenceless inhabitants of the capital. The rebel command was quite plainly vexed and nonplussed re¬ garding the lack of military progress, and appeals were tary made • took for the supremacy spectacularly, arm extensive aid to most the German Government, which active measures in aiding archist coalition of insurgents. neutral stand than in previous Italy took the a Fascist-Mon¬ somewhat months, but there more ample was evidence that Soviet Russia continued to support the loyal¬ ists. England and France, on the other hand, searched dili¬ modifying the danger that the conflict will spread beyond the borders of Spain, while efforts also gently for were the a means of made to minimize the horrors of the struggle within difficulty encountered in officials promptly began to formulate an amendment to the neutrality laws to bring civil wars under the rulings. The shippers of the airplanes and parts insisted that the ma¬ were not suited for warfare. Some conversations were reported with Mexican officials regarding reports that American airplanes sold to that country had been reshipped to Spain, but the Mexicans made it clear that only materials within their country when the -Spanish war started had been shipped. It was agreed that no new American materials would - be purchased tenders. . for reshipment to the Spanish con¬ , The activities of the Fascist nations In Europe caused the greatest concern, owing to the possibility that more or less active intervention might cause other countries to enlarge their support of the loyalists, and thus bring about a general European conflagration. It was intimated on the basis of excellent official sources in London, early in December, that 5,000 German "volunteers" had been landed at rebel ports to engage in the fighting! Late in December General Fran¬ cisco Franco was said to have asked the German Govern¬ ment for a further 60,000 volunteers to make possible the capture of Madrid. A French > after long and detailed estimated the on Parliamentary commission, study of the situation within Spain, Dec. 19 that 59,000 foreigners were engaged in struggle, not including 24,000 Moors brought over from Africa by the rebels. The insurgents were aided, in the obvious, in fact, that took active steps to prevent further incidents. A tentative effort to stop foreign intervention in the civil made early in December, when suggestions were presented to the German, Italian, Portuguese and Russian Governments for fully effective control of and ■ an offer of mediation arms shipments, in Spain, to be followed by a plebiscite in which the Spaniards could express their own views as to the kind of government they desired. That pro¬ posal neve?. received much attention, it appears, for it was promptly buried in the limbo of diplomatic archives. But a new aspect was placed on the entire matter late in Decem¬ ber, when the British and Italian Governments attained an accord on Mediterranean problems, which included an ex¬ change of notes stating that both governments desire Spain to remain "intact" This had all the appearances of a wedge time, intimations given that a general settlement Of European problems was being attempted, through satisfaction of German colo¬ nial aspirations, and a guarantee from/the Reich of genuine neutrality in Spain and a peaceful attitude otherwise. between Germany and Italy. At the same were Far East ' International affairs in the Far East were strained to an even higher degree than has been customary in recent years, during December. The Chinese Generalissimo, 'Chiang Kei- shek, was the month kidnapped at Sianfu, in Shensi Province, early in by General Chang Hsueh-liang, son of the former Lord, Chang Tso-lin. General Chang made Manchurian War it known that he desired a declaration of war against Japan, because of the encroachments of that country upon Chinese territory, and a grave and delicate situation thus was pre¬ cipitated. Fortunately, however, the head of the Nanking Nationalist Government, who has consistently temporized with regard to Japan, was released after 10 days, and his captor voluntarily gave himself into the hands of the Na¬ tionalist regime. There was much polite bowing and scrap¬ ing, in typically Chinese fashion, and in the end resulted in a sentence of 10 years imprisonment for Marshal Chang, which promptly was rescinded. No particular damage was done by the affair, internally, but the international ramifications continued to cause uneasiness, since General Chang insisted purely patriotic. The Chinese student body long has agitated for strenuous opposition to the Japanese, and other elements of the Chinese population also that his motives were known to view matters much in the some European countries to keep men and materials from moving toward Spain was illustrated here, late in December, when it became known that the State Department in Washington reluctantly had granted a license for the shipment to a loyalist port in Spain of $2,777,000 of American airplanes and motors. It was pointed out that our own neutrality legislation does not cover civil wars. Much indignation was expressed in Washington regarding the shipment, and Administration terials, so war was are country. The was French Governments I In this atmosphere the British and French Governments acted on the eve of Christmas to adjust differences and ' Dec. 19, when it appeared the Russian steamer "Komsomol." The loyalists seized and searched a German vessel, the "Palos," outside territorial waters, and this inci¬ dent provoked action by the Geman fleet against the act of '^piracy." Several Spanish merchantmen were seized or driven ashore by German warships. The drift toward em¬ War. The ground for a fresh diplomatic advance was pre¬ pared through the Italian agreement with England on Medi¬ terranean problems, and by mutual British and French re¬ remains significant. on had shelled same light Steel Trade—'Non-Ferrous Metals The steel trade continued active during the month under prices rising to the highest levels for some years. equipment buying that preceded 1,1936, of price advances on various steel products virtually filled up mill schedules for December, with a considerable overflow into January, 1937, and created reveiw with A flood of steel and railroad the effective date, Dec. conditions that seldom have been seen in the steel industry except in such unusual years as 1920 and 1929. In its issue of Dec. 10, the "Iron Age" stated that "with the heaviest unfilled tonnages on their books since 1929, and orders still pouring in except in those products, for which books have been ^closed at fourth quarter prices, steel companies are exerting all pressure to complete shipments of these orders Jan. 31 so that they realizefat the earliest possible moment the higher prices announced for the first quarter* Bookings are largest in sheets, strip, wire products, bars, rails and track accessories and lightest in plates, shapes and pipe, but these last-named products will benefit later on from the considerable volume of railroad equipment orders and build¬ ing construction work that is now being rushed to the con¬ tract stage in order to escape the price advances." In its issue of Dec. 31 the "Age" indicated that "with the with¬ drawal of fourth-quarter price protection, the heavy buying df the past several weeks has subsided, but steel mills will enter the new year with large backlogs sufficient in some instances to carry through the first quarter at undiminished operating rates. Unfilled orders for sheets are in recordbreaking volume, with new sales at the higher quotations being freely made for March delivery." The "Ron Age" composite price for finished steel rose on Dec. 1, 1936, from 2.197c. and on 1927. on jjer pound to 2.249c.; on Dec. 8, 1936, to 2.274c.; Dec. 28,1936, to 2.330c., the highest quotation since The "Iron Age" composite for steel scrap increased a gross ton from $16.17; on Dec. 15, Dec. 8 to $16.50 * , ' 'fti '><*1;?.!*';' MONTHLY Jan1937] the 'r' I .; ■ price advanced to $17.33; and on Dec. 22, to $17.75, the highest since Jan. 13, 1925, when the quotation was $20.83. No change was noted in the pig iron composite price. The operating rate of steel companies having 98% of the steel capacity of the industry, according to estimates by the American Iron & Steel Institute, was at the rate of 75.0% of capacty for the week beginning Nov. 30, 1936; > at 76.2% for the following seven-day period; at 79.2% for the week beginning Dec. 14, 1936; and at 77.0% of capacity for each of the following two weeks.; The operating rate for the year 1936 was approximately 67.3% of capacity as compared with 46.8% for the preceding year. Operations at the close of 1935 were reported to be at 46.7% of capacity. As to non-ferrous metals, "Metals and Minerals Markets" stated that the ■ v?VSv•• ll: advancing tendency of London prices for major non-ferrous metals caused no end of excitement in the domestic market. Speculative purchases as well as hedging operations swept prices to new highs for the move¬ ment. According to the same publication "there was some nnsettlement abroad on Dec. 30,1936, on so-called year-end adjustments, which relieved the tension on this side ,of the water." The price of copper, Connecticut Valley, after rising one-half cent in November, 1936, to 10.50c. a pound, advanced further during December to 11.00c. on the 14th, to 11.62 He. on the 22nd and to 12.00c. on the 31st, or to the highest level since July 1, 1930. Lake and electrolytic copper at New York closed at the end of the year at 12.12He. and 11,75c., respectively. Lead at New York rose to still higher figures, continuing its series of advances begun in October, 1936, rising from 5.20c. to 5.30c. on Dec. 11. to 5.40c. on Dec. 14, to 5.50c. on the following day, and to 6.00c. on Dec. 21 (the highest level since March 5, 1930), and closing at the latter figure on Dec. 31.. With consumption steadily on the upgrade and current demand eating into stocks the market for lead during the month was extremely active despite a continuation of price advances begun in October. On Dec. 11, the price of lead at New York increased to 5.52 He. from 5.42 He., on Dec. 14 it rose to 5.62 He on Dec. 16 to 5.72He* and on the following day to 5.82He., the highest level reached since January, 1930. Tin at New York was very quiet during December, 1936, the price moving irregularly up and down throughout the month, closing on Dec. 31 at 51.75c., as against 52.00c. on Nov. 30, last. •, REVIEW low and expectations of higher prices have a general accept¬ At recent shows developments in values were not uniform. Some manufacturers, covered on leather and materials at old prices, passed these economies along but in the main indicated that re-orders would probably command higher prices. Others not so situated were forced4 to seek and in some instances are reported to have obtained advances varying from 2H to 25 cents a pair. "Stimulated by increasing employment, rising payrolls,heavier bonus and dividend payments, retail sales of footwear are reported to be running 10% to 15% ahead of last year. Consumer demand is well synchronized to the record output of shoes which this year bids fair to exceed 400,000,000 pairs for the first time in the trade's history. "Overcoming the retailer's resistance to higher shoe prices has been a constructive development from the tanner's point of view. Very firm hide prices, rising costs of materials, Social Security taxes and the possibility of wage increases made advances in leather an urgent necessity. Volume broadened in anticipation of these price movements but has grown less keen as the higher quotations have become established. ' i' ' 1f •' ' »'' ance throughout the trade. "Turnover in hide markets continues active. the whole display not faced with unremunerative leather markets are traditional The lumber industry during the four weeks ended Dec. 26. stood at approximately 52% of the 1929 weekly average of production and 54% of 1929 shipments. For the last week of this period the average was 40% and 47%, respectively. The year-end weeks are always marked by shut-downs for mill repairs and inventories. December, 1936, has, however, been a month of notably heavy bookings, the first three weeks showing the heaviest reported new busi¬ ness of any weeks of 1936 or of the preceding two years. Production and shipments, in the closing weeks of the year, not only have shown seasonal decline but the continued restriction caused by the maritime strike. National production reported during the 52 weeks of 1936 was 3% below reported new business booked during the year; shipments were 2 % below output, and orders, 3 % above production, according to weekljr reports to the National Lumber Manufacturers Association from regional associa¬ tions covering important hardwood and softwood mills. Reported production in the 52 weeks ended Dec. 26, 1936, was 26% above 1935; shipments were 23% above and new orders 26% above shipments and orders of the corresponding period last year. During the week ended Dec. 26,1936, preliminary reports 1936, on nor the between-seasons period in shoe production. Hide futures recently rose to a point reported to be the highest since 1929. Spot markets are stronger, moving against the usual trend which ordinarily at this time begins to show some recognition of the seasonal quality discount of winter hides. Argentine markets likewise are higher and available supplies are low. ', - - "Heavy production of shoes and leather in 1936 had ma¬ terially reduced the surplus in hides accumulated during the 1934 drought. Packers are believed to be in a well sold position. Government drought hide inventoties are down about 60% and warehouse stocks of hide exchange traders are 31% below their respective 1934 and 1935 peaks. An¬ other year of heavy shoe production in the absence of drought conditions would further reduce these reserves and increase our dependency upon world markets where demand from Russia, England and Germany at present is especially keen." Grains Bullish enthusiasm Lumber Movement Tanners caution than traders, for the latter more rampant during the past month in the world's grain markets, and the buying was sufficient to carry prices for all grains in domestic markets and in other was markets to the highest levels of the season. In regard to wheat, the upswing in prices, like previous upturns this autumn, had for its basis the strong statistical position and continued demand from European importing countries in¬ cluding England, Germany and Italy. Part of the European demand, it was believed, was for the purpose of build¬ ing up supplies in preparation for the possiblity of war. Furthermore, insufficient crops on the European continent made it necessary for countries there to turn to outside sources for a considerable part of their actual home needs. Hence, importing nations actively competed with each other for the purchase of wheat and estimates of world importing needs revised upward. It was divulged during the month Germany alone, owing to exhaustion of reserves, was short 1,000,000 tons of wheat which would have to be im¬ ported, and another 1,000,000 tons of rye which would have to be taken out of the seed supply. Italy, it would appear, were that has also failed to realize her ambition to be self-sufficient in the matter of grains as this country has been a buyer of wheat in Canada as well as in the Southern Hemisphere. Even the Far East has displayed a greater interest and purchases from 557 mills showed a total production of 140,925,000 feet of hardwoods and softwoods combined; shipments of from this 163,934,000 was also intensified by reports of rains in some sections of Argentina which interfered with harvesting operations. It For the feet and new business of 219,094,000 preceding week revised figures show of 583 mills that a feet. total produced 210,937,000 feet, shipped 209,710,000 feet and received orders for 293,009,000 feet. ended Dec. 12,1936, For the week reports from 608 mills showed a total output of 206,674,000 feet, shipments of 206,360,000 feet, 313,164,000 feet (the peak for the year). For the week ended Dec. 5, 1936, there were pro¬ For the week ended Nov. 28, mills amounted to 1936, production from 591 188,768,000 feet; shipments, 185,150,000 feet, and new .orders received, 256,788,000 feet. All softwood regions but Southern Cypress reported orders above production during the week ended Deo. 26, All but West Coast, California, and Northern Hemlock reported The First National Bank of markets as follows: of Dec. Redwbod, Cypress on are The official Argentine crop this year at 249,854,000 bushels about in line with private It was expectations. On Dec. 21 the seeded sown in last fall. The 1927-1931 5-year average is The previous seeding peak was 51^391,000 acres of 82.4% for 1923-1932. While the above distinct surprise to the trade and caused some selling of the distant positions, it was offset to a large extent by continued complaints of insufficient moisture and year ; average report came as a dust ■ I the fall of 1918 which produced an estimated crop of 748,460,000 bushels. However, adverse weather this year reduced the condition of the winter wheat crop to 75.8% of normal on Dec. 1, the Crop Reporting Board said. This compares with 78.2% on the same date last season and a 10- Boston, in its "New England 31, comments upon, these March 28 next year, stocks placed the was believed in some quarters however, that this figure may have to be scaled down later as a result of recent frosts. Canadian stocks of wheat have been acres • comes which 45,265,000. ordering of spring footwear has been brisk, pro¬ duction is relatively heavy, and the trend of manufacturers* prices is stronger. s ' $ "Early buying of shoes has been prompted by several Easter a relatively large portion of the Argentine has already been sold in advance and any further delays in harvesting would likely cause a scramble to obtain the foreign mar¬ Crop Reporting Board of the United Department of Agriculture issued its estimate of the acreage seeded to winter wheat this fall and placed the amount at 57,187,000 acres or 15% more than the 49,688,000 "Initial factors. The situation States Hidet, Leather and Footwear Letter," under date Europe. claimed that ket. All ' move to of the Australian considerably reduced while the tight supply situation in the United States is weli known. The United States, usually an exporter of wheat, has been among the nations buying grain in the shipments above produc¬ reporting softwood regions but West Coast and Cypress showed orders above corresponding week of 1935; all but West Coast reported shipments above and all re¬ ported production above the corresponding week of 1935. tion. ordinarily some crop estimate by 601 mills a total of 205,039,000 feet, shipped 207,843,000 feet and new business booked of 291,102,000 feet. 1936. was will tend to divert wheat necessary to make deliveries. and orders received of duced source wheat that would storms in various sections of the winter whedkbelt. A survey of, the dust bowl in the heart of the winter wheat -S^ - ■ vV:; V-; i MONTHLY EEYIBW 10 : ■ • '> months. Thus it is pointed out gathering forces of statistical strength and the rising ject to actual or potential soil blowing because of lack of moisture was 6,000,000 acres. Fair reactions followed price price level of commodities generally should not be over¬ looked as potential influences. No. 7 Rio was quoted on appreciations during the month, due to profit taking, but on Dec. 31 at 8%c. against 8%c. on Nov. 30; 8%c. Oct. 31; all recessions offerings were readily absorbed. 8@8%c. Sept. 30; 8c. Aug. 31; 8%c. July 31; 7c. June 30; Corn, oats and rye continued to be dominated by the strong ■6%@7c. May 29 (May 30 a holiday), against 6%c. April statistical position and the shortage of coarse grains generally. 30; 6%c. March 31; 6%c. Feb. 29; 6%@7c. Jan. 31; 6%cJ In fact, rye, was even more of a sensation than wheat, in so Dec. 31; 6%@6%c. Nov. 30; 6%@6%c. Oct. 31; 6%@7c. far as price movements were concerned. Distilling interests Sept. 30; 6%c. Aug. 31; 6%@6%c. July 31; 6%@6%cl were large buyers of rye, and to this buying was added that of Junq 29; 6%@7%c. May 31; 6%@7c. April 30; 7%c. speculative interests. Abroad, Italy has been purchasing March 30, all in 1935. district Southwest rye from Poland, and for her needs, there • sub¬ indicated that the total area surface with Germany's supplies insufficient is little or no concern over possible "dumping" of European rye in the domestic market. In regard to corn and oats, offerings from the country were comcomparatively light and cash markets ruled firm. In [ Chicago the May option for wheat closed on Dec. 31 at 135% cents as against an opening price of 117% cents on Dec. 1. At Winnipeg the May wheat option closed on Dec. 31 at 129 cents, as against an opening of 110% cents on Dec. 1. May corn (new) in Chicago closed at 108% cents on Dec. 31, compared with an opening of 100% cents on Dec. 1. May oats closed at 51% cents as against the opening of 45. cents on Dec. 1. May rye closed at 115% cents, as com¬ pared with the opening of 92% cents on Dec. 1, Sugar : ■ . ( Although there were temporary reactions at times, the "futures" ruled comparatively firm during market for sugar the past month. Announcement by the Secretary of Agri¬ 1937 sugar quotas of 6,682,670 short tons, raw value—which was 248,582 tons in excess of the initial 1936 figure, but approximately 130,000 tons less than the final 1936 figure, had favorable rather than unfavorable effect upon prices. The figure was. about in line with general expectations and based on prospective consumption was not considered high. It was also reported« from Washington that th© AAA will reallocate the 1937 quotas as soon after Jan. 1, as it becomes clearly evident that any producing area will be unable to deliver its full quota. While the quota announcement was followed by less active refiner interest in raw sugars t,he demand sub¬ sequently improved. A factor partly responsible for the improvement were reports that March^April shipment space on boats from the Philippines was difficult to secure. Despite a freight increase of $8 per ton, it was reported that carrying of commodities other than sugar was becoming very attrac¬ tive to freight people, who have been diverting boats. In the meantime, confidence appears to be the keynote of the trade's attitude towards the "futures" market. Sales of Cuban raw sugars during the month consisted of the follow¬ ing: On Dec. 1, ex-store at 2.95c. C. & F. exclusive of duty; on Dec. 2, December-January shipment at 2.90c. C. & F. exclusive of duty; on Dec. 10, second half December arrival at 3.77c. delivered; on Dec. 12, late December shipment at 2.87c. C. & F. exclusive of duty; on Dec. 14, late January shipment at 2.90c. C. & F. exclusive of duty; on Dec. 15, January shipment at 2.90c. C. & F. exclusive of duty; on Dec. 23, January shipment at 2.92c. C. & F. exclusive of duty; on Dec. 28, ex-store at 3.90c. duty paid, and on Dec. 30, January shipment at 3.90c. duty paid, February shipment at 3.90c. duty paid, March shipment at 3.90c. duty paid. The wholesale list price for refined, immediate delivery, was maintained at 4.80c. throughout „the month* At a meeting held on Dec. 23, the Board of Managers of the New York Coffee and Sugar Exchange approved a resolu¬ tion directing that trading in the new No. 4 "World Sugar Futures Contract" commence on Monday, Jan. 4, 1937, for delivery in March, 1937, and thereafter. [Previous reference culture to the The on Dec. 12, of initial new new contract was made in our issue of Dec. 4, page 9.] contract, the Exchange states, should reflect the price of world sugars, which are currently under 1 cent per pound. The contract provides for delivery of "other than United States quota" sugar in licensed warehouses in certain Cuban ports, or (in the event of an emergency) Cuban and other South and Central American sugars in bonded ware¬ houses in Norfolk, Va. Trading in ,the new contract will be allowed for delivery 18 months ahead, and unlike the present world contract in London there will be no compulsory settlement in the event of a major war. Coffee Propelled by further recognition of the bullish potential¬ surrounding the coffee situation, markets for coffee "futures" continued to work irregularly higher during the past month. Buying was stimulated by the firmness of the spot market which was aided by demand for rail shipments ities to the Pacific Coast where the marine strike conditions have serious shortage i Cable advices from Brazil Sao Paulo Commission had suggested the destruction of 30% of the coffee trees in the State Of Sao Paulo and 20% in other States were construed bullishly. Heavy selling in the way of profit-taking caused sharp re¬ actions at times, but new buying absorbed offerings. During the early part of the month, the market broke quite sharply on advices that the Brazilian Supreme Court had ruled against the National Coffee Department taking planters' coffees as a "sacrifice quota" without payment of full value. The Court subsequently reversed its decision in the "Sacri¬ fice Quota Case" and decided in favor of the National Coffee Department. Visible supplies of coffee in the United States brought about reporting that a a are the smallest in many that the No. 7 Santos was quoted Dec. 31 at ll%@12%c. against 6%c. Nov. 30; 8%c. Oct. 31; 8@8%c. Sept. 30; 8@8%c. Aug. 31, the same as on July 31; 7%@7%c. June 30, the same as on May 29; against 7%@7%c. April 30, the same as March 31; 8@8%c. Feb. 29; 8@8%c. Jan. 31; 7%©7%c. Dec. 31, unchanged from Nbv. 30; 7%@7%c. on Oct. 31; 7%@8%c. Sept. 30; 7%@7%c. Aug. 31; 7%c. July 31; 7%@7%e. June 29; 7%c. May 31; 7%c. April 30; 8%c. March 30, all in 1935. ^ ; 1 Rubber Great activity and soaring prices featured the crude rubber during the past month. After a rather quiet opening little buying interest on the part of tire manufacturers, market due to prices moved up on faVorable statistics and increased factory purchases, but the market turned somewhat nervous preceding the meeting on Dec. 15 of the Internation Rubber Regulation Committee regarding the export qubta for the first half of 1937. Subsequently some profit taking developed, but following the decision of the International Ruober Regu¬ lation Committee raising the export quota from 70 to 75% for the first quarter and to 80% for the second quarter 1937, considerable short covering and large speculative busing; set in, and prices soared to new record highs. Towards the end of the month the market lost some of its gains, when it was announced by the Government of the Dutch Indies. that all rubber under customs control for export during the. have to be shipped before March 1. and rumors that a special meeting of the International Rubber Regulation Committee had been called, also served to cause a moderate unsettlement, and prices finished considerably below their previous highs. Ribbed smoked sheets for spot delivery were quoted at 21 %c. asked Dec. 31 against 18%c. asked Nov. 30; 17%o. Oct. 31; 16 9-16c. asked Sept. 30; 16%c. asked Aug. 31; 16 %c. asked July 31; 16 %c. asked June 30; 15 ll-16c. asked on May 29 (May 30 a holiday), against 15%c. asked April 30, the same as on March 31; against 15%c. asked Feb. 29; 15c. asked Jan. 31; 13 %c. Dec. 31, 1935; 13%c. asked on Nov. 30; 13%c. asked on Oct. 31; 1115-16c. asked on Sept* 30; 11 %c. asked on Aug. 31; 12 %c. asked July 31; 12 7-16c. asked June 29; 12 3-16c. asked on May 31; 11 %c. asked April 30 and 11 %c. asked on March 30,1935. first quarter 1937 would Extensive profit taking Textiles seasonally quiet during the Retail trade, although falling somewhat be¬ hind expectations in the first part of the period, nevertheless, made a vpry satisfactory showing for the entire month, due to a last-hour rush in Christmas shopping. Wholesale business was featured by brisk late pre-Christmas buying on the part of retail merchants, with shortages developing in many lines, and with numerous rush orders for holiday merchandise being received by wholesalers. The raw cotton market was active during most of the month, and prices, in the main, followed an upward trend, chiefly under the'influence of the improved world statistical position as caused by the larger takings of domestic and foreign mills. A steadying factor was also supplied by the rising trend of other commodity markets, partly induced by fears of foreign complications. The Government crop report, with its esti¬ mated production of 12,407,000 bales, although being some¬ what higher than average private estimates, was practically unchanged from a month ago and consequently nad little effect on the market. A temporary slight reaction was caused by rumors to the effect that portions of the 3,000,000 bales of Government loan cotton would be released in the early part of the new year, or much earlier than had been expected. Profit taking and the uncertainty^ surrounding the effectiveness of the 1937 soil conservation program served to accentuate the recession, as doubts were raised regarding the number of farmers cooperating in the conserva¬ tion scheme. Another reactionary influence was the reduced export movement of American cotton. Towards the end of the month the market resumed its upward trend when re¬ newed foreign buying due to war fears made itself felt and when it was announced that no terms had as yet been fixed as to the release of Government loan cotton. Spot cotton here in New York, from an opening price of 12.58c. Dec. 1, moved to a high of 13.03c. Dec. 14. A reaction sent the price to 12.71c. Dec. 22, but a subsequent rally carried the quotation to a new high of 13.11c. Dec. 28, from which point it receded to 13.00c. Dec. .31." Trading in print cloths turned seasonally quiet, save for a short-lived buying spurt around the midddle of the month, when a fair amount of second-quarter goods was sold. Buyers limited their purchases to spot and nearby merchandise, the supply of which was very light.. A few second-hand offerings came into the market, but their total was small and had no effect The textile past month. trades turned 4 Jan., 1937] on MONTHLY Print cloths at Fall River for 28-inch 64-60's prices. 5%c. Dec. 1 and remained unchanged until Deo. 11 was quoted at 5% to 5 34c. Subsequently this range narrowed to 5% to 5%c., but on Dec. 30 the price again was marked up to 5%c. The quotation for 27-inch 64-603, was 534 to 5%c. Dec. 31, as against 534c. Nov. 30. Osnaburgs were quoted at 10^c. Dec. 31, as compared with 1034c; Nov. 30. Cotton consumption in the United States during the month of November, as reported by the Census Bureau on Dec. 14, continued at a record pace, its total amounting to 626,695 bales of lint and 63,767 bales of linters, as compared with 646,499 bales of lint and 72,546 bales of linters in October, but only 512,312 bales of lint and 59,373 bales of linters in November, 1935. The woolen goods markets were moderately active. Supplied with a backlog of unfilled orders sufficient to assure was when it capacity production for about three months, many mills continued to operate on double shift.. The bulk of spring buying Having been completed by clothing manufacturers, few new orders for these materials were received, but there REVIEW in contrast to MMM-MMM' the Bradford fields where re-pressuring is credited with reducing production costs. January crude oil demand was estimated by the Bureau of Mines at 2,998,400 barrels, up 68,100 barrels from the December level recommended by the Bureau. The recom¬ mended level, however, is more than 91,000 barrels under actual production in October, last. The Bureau pointed out, in its demand estimate, that the increase was due in part to the lowere gasoline yield from crude customary at this time of the year when refiners are bending every energy toward lifting heating oil production. 1 Texas control officials again ignored the Bureau of Mines in establishing the State's production quota, the Railroad Commission fixing the maximum allowable for the first month of 1937 at 1,248,907 barrels daily. This is 72,907 barrels above the Bureau's estimate of January demand for Texas crude and 44,000 barrels above the Dec. l allowable fixed by the Commission. The completion of several new wells lifted the December Texas allowable to 1,234,435 barrels daily in mid-month. good demand for overcoatings^ and topcoatings. Trading in women's wear goods continued satisfactory. Garment manufacturers placed a fair amount of orders against spring needs,, and good intrest was also shown in materials for winter resort and sports wear as well as in worsted suitings for tailored suits. Japanese double extra 13-15 deniers were quoted Dec. 31 at $2.01 @$2.06, against $2.07@$2.12 Nov. 30; $1.84@ $1.89 Oct. 31; $1.71 @$1.76 Sept. 30; $1,68@$1.73 Aug. 31; $1.69@$1.74 July 31; $1.59@$1.64 June 30; $1.49@$1.54 May 29 (May 30 a holiday), against $1.66@$1.71 April 30; $1.83@$1.88 March 31; $1.61 @$1.65 Feb. 29; $1.87@$1.92 Jan. 31; $2.04@$2.09 Dec. 31, 1935; $2.1134 @$2.15 *4 Nov. 30; $2.20@$2.25 Oct. 31; $2.05@ $2.10 Sept.'30; $1.72@$1.79 Aug. 31; $1.50@$1.64 July 31; $1.36@$1.41 June 30; $1.35@$1.40 May 31; $1.36@$1.41 April 30, and I. The East Texas field $1.32@$1.37 March 30, all in 1935. In the case of the 20-22 deniers Japanese crack double extra were quoted at $1.91 @$1.96 Dec. 31, against $2.01 @ $2.06 Dec. 31; $1.77@$1.82 Oct. 31; $1.63@$1.65 Sept. 30; $1.60@$1.65 Aug. 31; $1.65@$1.70 July 31; $1.63@$1.68 June 30;, $1.44@$1.49 May 29; $1.61 @$1.66 April 30; $1.84@$1.86 March 31; $1.63@$1.68 Feb. 29;\$pS9@ $1.94 Jan. 31; $2.03@$2.08 Dec. 31,1935; $1.89 34 @$1.94 34 Nov. 30; $2.08@$2.13 Oct. 31; $1.93@$1.98 Sept. 30; $1.70@$1.75 Aug. 31; $1.51@$1.56 July 31; $1.30@$1.35 June 30; $1.33@$1.38 May 31; $1.32@ $1.37 April 30, and $1.31 @$1.36 March 30, all in 1935. nal quota was a won only a nominal gain in the new allowable schedule, the bulk of the increase being alloted to other fields in the> Lone Star State. Under the January ruling, the East Texas quota is lifted to 447,861 barrels from 444,034 as of Dec. 12. The allowable for the Panhandle area was lifted 10,000 barrels daily while the Conroe field won an increase of 3,000 barrels. Production for the Texas side of the Rodesia field was lifted about 7,000 barrels daily. ^•Inasmuch as both Oklahoma and Kansas had followed the^ leadership of Texas in setting December allowables above the Bureau of Mines recommendations, action of the former is: following the Federal agency's lead in setting its January allowable was mildly surprising. Officials of the Oklahoma Corporation Commission, however, left the way open for an upward revision should it prove necessary. Acting in midDecember, Oklahoma control authorities increased the origi¬ for the final 1936 month—set at the level suggested by the Bureau of Mines—by 5% with Kansas taking similar action. " / , " 1 In setting the January allowable for Oklahoma at 573,100: barrels in keeping with the Bureau of Mines recommenda¬ tions, the Corporation Commission acted upon the Dec. 29 report of W. J. Armstrong, conservation officer of the Commission; JMr. Armstrong's report^was based upon the recom¬ mendations of the majority of the State's leading oil pro¬ ducers. The new allowable of 573,100 barrels is 6,100 barrels above the December figure recommended for Oklahoma by the Bureau of Mines but 22,250 barrels under the December quota of 595,350 barrels set by the Oklahoma Corporation Petroleum and It* Product* Feature of the closing industry ^ month of 1936 in the petroleum the failure of the major oil companies to follow was * the 17-cent barrel increase in the price of crude oil in the Mid-Continent posted by the Continental Oil Co. on Dec. 4 and effective as of Jan. 4, 1937. Immediately after the a Continental announcement, Oil & Refining and the the Barnsdall Oil Co., Globe Derby Oil & Refining Co. met the advance. "With a 1-month interval between the Continental an¬ nouncement and the effective date of the increase, opinion in the trade was that, the major companies would not be hasty in meeting the new schedule. When Dec. 31 passed, how¬ without any announcement by the larger companies it was a distinct surprise. While some doubt had been ex¬ pressed unofficially as to whether the majors would meet in full the first general advance since January, 1936, trade consensus was that it would be met in large part.. "The statistical position of the oil industry justifies an increase in the crude price," Dan Moran, President of Con¬ tinental, said in announcing the increase. "Continental will advance the price in the areas where it is a large purchaser (Continental buys about 1,000,000 barrels of crude monthly in the Rocky Mountain area, Oklahoma, Kansas and north Texas.) The new schedule will set a top price of $1.35 a barrel for 40 gravity and over with the normal 2-cent differ¬ ential for each degree of gravity below the 40-top. ever, , "The basis for such a decision is reflected in the drastic declines in crude inventories, the splendid cooperative spirit exemplified and an among compact States in proration proceedings, unusual competitive demand for pipeline connections,* Mr. Moran added. "A war among producers is imminent unless fair recognition is given their continued adherence to reduced allowables. The producers must have higher allow¬ ables or higher prices, and we elected to take the latter course. In order to sustain the increase, all producers must do their part by restricting unnecessary drilling." Broadening demand for products refined from Penn¬ sylvania grade- crude oil cut stocks to the point where a general advance in crude prices was the result. An increase of 12 cents a barrel in the price of Bradford-Allegany crude to $2.37 a barrel, posted by Tide Water Pipe Co., Ltd.,,on Dec. 28 was the first increase since January, 1936, in that area. V In addition to meeting the 12-cent increase for BradfordAlleghany crude, the South Penn Oil Co. also posted a 15cent boost in Eureka, Southwest Pennsylvania and Buckeye crude to $2.27 a barrel, $2.32 and $2.12, respectively. The reason for the larger increase in the Southern fields is because re-pressuring in these areas have not yet proven successful Commission. Kansas control officials announced that January production in that State would be set about 9,000 barrels daily above the Bureau of Mines figures, v Daily average crude oil production set anew all-time record high in the week ended Dec. 19 for the second successive 7rday period, reports compiled by the American Petroleum Institute disclosed. Largely due to the new allowable fo*1 Oklahoma voted by the State's oil agency, the Nation's daily average outturn of crude oil mounted to a record peak of 3,145,700 barrels. The new record compared with estimated daily market demand of 2,930,300 barrels recommended by the Bureau of Mines, and actual production in the like 1935 period of 2,850,050 barrels. » >•? Despite the fact that the new peak output represented production of 215,400 barrels above the levels recommended by the Bureau of Mines, and were substantially above re¬ finery runs the all-time high was received with satisfaction in the trade. The excess crude was quickly diverted to Storage tanks whose contents are now at their lowest point since 1921. to new The consistent decline of storage stocks of crude record lows under the broadening demand for crude oil is the basic reason for the revolt of the principal oil-pro¬ ducing States against the Bureau of Mines market reeom-" mendations. In recent months, the Bureau's estimates have been far tinder actual market demands as accruately shown by the declining trend in stocks. The differences between the major oil-producing States and the Bureau of Mines over allowables brought no reaction in the relationship of the Bureau and the Interstate Oil Compact Commission. Delegates of the 12 member States attending the closing 1936 meeting of the Commission on Dec. 1 at Oklahoma City voted to ask the Bureau to continue its issu¬ ance of monthly market estimates and renewed their pledges of voluntary cooperation. The delegates also voted to extend the compact agreement one year from the Sept. 1, 1937, expiration date; Attending the meeting were representa¬ tives from Illinois, Kansas, New Mexico, Texas, Oklahoma, Colorado, California, Kentucky, Ohio, Michigan, Penn¬ sylvania and Indiana. The representatives of the nonmember States, who attended the meeting as observers, reition that their respective Legislatures weremlanning legisEorted to permit them to join the Interstate Compact Com¬ mission as Senator hctive members. Connally (Dem., Texas) author of the "Connally hot-oil" bill which prohibits inter-State movements of crude or refined products produced in violation of State laws will introduce a resolution extending the life of the bill before the next session of Congress, he disclosed in Washington. The bill is credited with being the major factor in the ending of the "hot oil" problem in Texas. Earlier in the month, Secre¬ tary of the Interior Ickes had announced that he would ' r .i ■ . V REVIEW MONTHLY 12 extend the Connally measure. Mr. Ick questions at that time as to whether h<v would introduce new legislation designed to place the petrol-* eum industry under Federal control before the incoming support refused a move to to answer Congress. .'•',; . A year-end statement issued by W. S. Farish, Chairman of the Board of Standard Oil Co. (N. J.) holding that there . and Charleston to 5 cents a gallon. kerosene prices Norfolk, Wilmington No. 1 fuel oil was also advanced to 5 cents '••/'/>.•' Dec. of New boosted Jersey a gallon at these points. " ec. The year just closing, requirements. E. O. Thompson, Chairman of the Texas Railroad^Com¬ mission and also of the Interstate Oil Compact Commission, was equally optimistic in his year-end review, saying; is a source of pride and satisfaction that the oil States, through the Interstate compact, have been able to success¬ fully work out our production control problems without Federal interference. The compact has worked entirely satisfactorily, and is proving effective to control production and thereby stave off Federal control of the industry." The following price changes were posted during December: "It barrel In crude Dec. 4—Continental Oil posted an increase of 17 cents a oil prices, the new price for 40 gravity and over being $1.35 a barrel, effective Jan. 4. Dec. 4—Barnsdall Oil announced that it would meet the initiated 17-cent increase by Continental. Dec. 5—Globe Oil & Refining Co. and the Derby Oil & Refining Co. met the 17-cent a barrel increase in crude oil prices instituted Dec. 4 by the Continental Oil Co., effective Jan. 4. Dec. 28—Tide prices 12 cents a Water to $2.27 a Pipe Co. advanced Bradford-Alleghany crude South Penn Oil met the advance and barrel to $2.57. also lifted Eureka, Southwest Pennsylvania and Buckeye crude 15 cents barrel, $2,323 and $2.12, respectively. The refined products branch of the oil industry finished the final month of 1936 with underlying, conditions perhaps the best since 1929. Prices, generally speaking, had been stabilized at levels tin ture more profitable than for many years. keeping with the strong tone of the refined price struc¬ during 1936, December saw wide-spread mcrease in kerosene and heating oils and contra-seasonal betterment in price levels. Practically all the bulk and retail motor fuel major marketing areas throughout the country were affected by the changes, listed below. The rising trend in gasoline may be expected to continue, according to the Bureau of Mines which estimated January domestic demand for motor fuel at 34,900,000 barrels which would be 7.2% above actual consumption in the first month of 1936. Export demand is expected to hold unchanged from December at 2,300,000 barrels which is 272,000 barrels under actual demand in January, 1936. New indictments against the oil companies and officials by the special Federal Grand Jury sitting in Madison, Wis., I returned by a new jury. Legality of the indictments returned by the first jury had been challenged by defendant named a new jury was quickly followed by indictments charging the same companies and individuals with violation of Federal anti-trust laws in counsel. Impanelling of the issuance of new gasoline marketing practices throughout the Mid-West. Representative price changes, showing major swings in refined product prices throughout the Nation, are listed in the following table: the Dec. 1—Standard of tank wagons Indiana lifted subnormal prices to dealers and 1-10 to 234 cents a gallon at 120 points in southwestern Kansas. The increase, effective Dec. 4, The company also affects gasoline, kerosene and tractor fuel. posted a general advance of 0.3 cents a gallon in kerosene throughout its territory. Dec. 3—Standard of Ohio advanced No. 1 fuel oil 2 cents to gallon, in 55-gallon drums, -. * : " - - '■ ^ 1034 cents a • effective Dec. 9. I- ■' / > " gallon in the Nv';' : 'V- : ' :- area to Socony-Vacuum made a similar In¬ t • > prices of standard tractor fuel was posted by Standard of Indiana, effective Dec. 21. The increase was effective throughout the company's marketing area. gallon at all Atlantic Coast points. in heating crease Dec. 18—A oil prices. 34 cent a gallon boost in Dec. 20—Standard of New Jersey increased the price of Diesel oil at Norfolk to $1.89 from$1.785. J4 ,, Dec. 23—Sinclair Refining increased » , tank car prices of kerosene and No. 1 heating oil 34 cent at all Atlantic Coast ports and X cent at Gulf Coast ports, effective Dec. 24. ,1' 1 1 ' / ' • Dec. 23—Socony-Vacuum increased tank-car of kerosene and No. 1 heating oil 34 cent a concluded, saw domestic crude oil production pass the ,000,000,000-barrel mark for the first time in history with the United States again furnishing 60% of world's total oil vV,U in sections 1734 cents, taxes included. V-; V ' \ V •'VV£ Dec. 15—Standard of Jersey advanced heating and gas oils X cent a hiladelphia area le • 13—All major units lifted gasoline prices 134 cents a bility. ;plants to meet the demand for oil." .V Subnormal prices will be advanced by the same amount. in the effort to gear gasoline stocks excessively in the process of running their tank-car 7—Standard of Indiana lifted normal prices of motor fuel no Out of this has grown a better spirit of cooperation production to consumer demand." Major factors in the industry's successful drive to regain 1929 earning power were the success of the inter-State com¬ pact method of curbing overproduction of crude oil and the 10% gain in gasoline consumption which set a new disappearance record for the second successive year, Mr. Farish held. '! "Not that earnings are high, either by comparison with other good years, or in relation to investment, or to volume of business, he added. "Profits in 1936 have been fair; perhaps, I should say, very fair, considering the average of all industries. They are not evenly distributed, being for the most part confined to production and transportation operations. The refiners and marketers had the satisfaction of doing better than formerly, in some instances being able to operate at a profit. Crude prices were stable, returning from 10 to 12% more to the producer than in 1935. ; With use of oil burners for heating at new highs this year, record gains in the consumption of fuel oil may be expected, Mr. Farish forecast, adding "the threat to the industry in this increased demand is that the refiners mayt increase 7—Standard whete such prices are posted to dealers by 3-10 cent a gallon, to generally "bullish" sentiment in the industry. Profit&Vfor 1936 are expected to be the best since 1929. "We should see a higher price for all fuel oils relative to gasoline," Mr. Farish said. "I expect to see crude produc¬ tion balanced to meet demand. This will mean less induce¬ ment to refiners either to cut prices or run more oil than is needed. The conservation authorities in the producing States have been commendably conscious of their responsi¬ v:\iV'.Lv, -'. V»,K- - h cent at New York and Baltimore and H cent at apparent barrier in the way of the petroleum industry prevent 1937 profits from being as good as those which will be shown in the 1936 earnings statements w s typical of thd is „ with the exception of the Buffalo and • 'V.-'.t *'v i prices gallon throughout Its marketing and Rochester areas, effective Dec. 24. Dec. 24—Socony-Vacuum. effective Dec. 28, advanced tank car prices of X cent a gallon in eastern Conn, and Mass., R. gas tank-wagon I;, Maine and N. H. and tank wagon prices 0.03 cent. Dec. 26—-Colonial Beacon and Tide Water met the X cent Jump In tank car prices of gas posted by Socony Vacuum. Dec. 29.—All major companies lifted pump prices of gas X cent a gallon at Rochester, N. Y., to 17 cents, taxes included. * Dec. 30.—Standard of Ohio cut tank wagon and retail prices of gasoline 1 cent now a Dec. 31. Premium is Included, at t|e pump. gallon less. * gallon in and around Cleveland, effective 20 X, regular 1834 and third-grade 1734. taxes Tank wagon prices on all grades are 334 cents a THE DECEMBER FINANCING OF THE U. 5. TREASURY The. Treasury carried through a financing operation in December that was notable in several ways: It brought in the smallest amount of borrowed by the Treasury the interest rate borne by the bonds offered was the lowest for a similar maturity in 28 years, and the coupon on the note issue was the lowest ever carried by any note issue of similar maturity; and, finally, the financing raised the national debt to a total of $34,141,777,000, a new record high for the debt , except for a brief period last June, when the bonus lionds were being at a new money tax date in exactly three years; redeemed. Details of the Dec. 15 financing were made public by Secretary of the Treasury Henry Morgenthau Jr. on Dee. 7. The offering consisted of $700,000,000, or thereabouts, of 13-17-year 2%% Treasury bonds of 1949-53, which coula be subscribed for in cash or in exchange for the notes falling due on Dee. 15 and Feb. 15,1937. In addition, the Treasury offered an issue of 5-year 1 H% note3 of series C-1941, in payment of which only the notes maturing Dec. 15 and Feb. 15, 1937, could be tendered. The securities for whose maturity the Treasury was providing were the series B-1936 2M% notes maturing Dec. 15, in the amount of $357,921,200 the series C-1937 3% notes maturing Feb. 15, 1937, in the amount of $428,730,700, and $400,377,000 of Treasury bills maturing'on Dec. 15. Interest on the public debt to the amount of about $138,000,000 was payable on Dec. 15. A feature of the Dec. 15 offering was the elimination of the clause in previous offering which gave small investors pre¬ ferential treatment in the allotment of subscriptions. Full allotment had been given from 1933 to June, 1935, to all cash subscriptions not exceeding $10,000, ana from June, 1935, onward full allotments had been accorded to individual subscriptions hot over $5,000. In announcing the offering, Secretary Morgenthau declared that abuses had been dis¬ covered under the plan of giving preferential treatment to small subscribers. He indicated that in the present offering the principle would be followed of applying a single per¬ centage to all subscriptions, large and small. The financing was signally successful. The books were closed on the day of the offering—Dec. 7—for cash sub¬ scriptions to the bonds. The subscription books for ex¬ changes of maturing notes for the two issues were closed on Dec. 9. The success of the financing was all the more striking because Secretary Morgenthau had said on Nov. 23 that the February notes were being included in the December operation so as to "clear the decks" for any possible action by the Federal Reserve System to raise reserve requirements after the year-end. Just how successsful the financing had been was disclosed by the Secretary on Dec. 15. Total cash and exchange subscriptions to the new bonds and notes were $5,709,675,900, of which $1,509,444,650 were allotted, he said. Cash subscriptions to the 2%% bonds totaled $4,951,668,000, of which $751,436,750 were allocated. Out of the $786,651,900 of maturing notes, $758,007,900 were tendered in exchange for the new securities. Tenders and allotments of the maturing notes for the new bonds totaled $551,212,700, bringing the total allotments of the new bonds to $1,302,649,450, and $206,795,200 of the matur¬ ing notes were exchanged for the new 1%% notes, making this the smallest note issue outstanding. The Dec. 15 financing operation raised the outstanding ; public debt about $350,000,000 net* Besides the Dec. 15 financing, the Treasury continued to offer each week $50.,000,000 more Treasury bills than matured, in line with the policy which Secretary Morgenthau revealed on Nov. 26. The Treasury introduced something of anjnnovation in staggering the maturities of the extra bills, "instead of having all of the extra bills fall due on the '.•VII 'l 1 • 'i'"' • vf "V".' >. "'it ' ' ?!"• I.'1"' 1 •',< v'V-V'VVW,'*1 '' ' J-iv' ' V : " ^ V ('t > " '/f'-'l j • i ■. . • ■ *, 13 MONTHLY REVIEW Jan., 1937] 1,278,000 Kansas City Southern Ry.—Brown Harriman & Oo., Inc., and Blyth & Co., Inc., on Dec. 15 offered $1,278,000 3% equipment trusts, series F (non-callable), at prices to yield 0.40% to 1.80% ^according to maturity. Dated Jan. 1,1937, serial maturities $213,000 annually from Jan. 1, 1938 to March tax date, the Treasury so arranged it that $100,000,000 of the bills faU due on March 16, $100,000,000 on March 17 and $100,000,000 on March 18. It is nothing new for a quarterly tax date— example, $400,000,000 of these bills matured on last Dec. 15—-but it is a new departure for the Treasury to stagger the maturities over three days in an effort to have them synchronize more closely with tax collections. The prices of outstanding Treasury issues rose to a new peak on Dec. 8, at which time the average price of bonds biU maturities to be concentrated at Jan. for lower trend, with the average yield rising from 2.10 to 2.15%. The yield on Treasury notes rose.even faster, the yield going up from 0.62% on the average on Dec. 8 to 0.87% on Dec, 24. In the last few days of the month, however, both bond and note prices firmed up somewhat. The rate on 273-day bills moved up from 0.088% to 0.294% in December, and the shorter bills firmed up to 0.109% from 0.040% on Dec, 2. Secretary Morgenthau revealed on Dec. 11 that to date more than 700,000 investors had purchased approximately $690,000,000 maturity value of United States Savings Bonds. A new series of baby bonds, designated series C, was offered for sale on Jan. 1,1937. The details of the sales of Treasury bills sold on a discount basis are given in the following tables: , , Bm Bills XU » ■ Offered Dated k&S Mature Offering thern , tions Deo. 2 1936 Dec. Dec. 3 1936 Dec. Dec. 3 1936 Dec. Dec. 10 1936 Dec. Dec. 10 1936 Dec. Dec. 17 1936 Dec. 23 1936 Dec. Mar. 16 1937 104 days 2 1936 Sept. 273 days 9 1936 Mar. 16 1937 97 days 9 1936 Sept. 8 1937 273 days 16 1936 Mar. 17 1937 91 days 16 1936 Sept.15 1937 273 days 11937 17 1937 84 days 17 1936 Dec. 23 1936 Sept. 22 1937 273 days Dec. 28 1936 Dec. 30 1936 Mar. 181937 78 days Dec. 28 1936 Dec. 30 1936 Sept. 291937 273 days Mar $140,000,000 American Subscript Hons Amount: Price Yield 0.040% 0.088% 0.041% 0.092% 0.038% 0.117% 0.076% 0.225% 0.109% 0.294% consisting of r own account and certificates will not UTILITY Telephone & » FINANCING Telegraph Co.—A nation-wide ,, collateral trust bonds due in 1946 and retirement of $117,984,700 of 35-year 5% debentures due in 1960. Ninety-six in¬ ;; banking houses in addition to Morgan Stanley & Co. are listed as principal underwriters of the $140,000,000 new debentures, and the selling group, it is understood, will vestment include from 850 to 875 investment banking firms. 44,500,000 Oklahoma Ga« & Electric Co.—Two $50,000,00C $133,444,000 128,097,000 50,000,00( 106,205,000 50,000,00( 131,707,000 50,000,00c 163,961,000 50,000,00c 90,715,000 50,OOO.OOC 105,207,000 50.000.00C 103,035,000 50,000,00C 50.000.00C1 140,621,000 118,115,000 50.000.00C Average Accepted group syndicate headed by Morgan Stanley & Co., Inc.; Kuhn, Loeb & Co.; Kidder. Peabody & Co.; Lee Higginson Corp.; The First Boston Corp.; Brown Harriman & Co., Inc., and Ed-' ward B. Smith & Co., offered on Dec. 2 at 102 and accrued interest, $140,000,000 of a $160,000,000 issue of 30-year 3yi% debentures. The remaining $20,000,000 of the issue will be sold privately without underwriting to the trustee of the pension fund of the company and certain subsidiaries, on t or before Feb. 1,1937. • This is the second stage of company's refunding program, an issue of $175,000,000 of 25-year 334 % debentures due in 1961 having been sold in October and the proceeds applied toward redemption of $64,865,200 of 5% ? $44,500,000 were offered on Dec. 3. new issues aggregating The larger, $35,000,000 / AvuV; 1st mtge. bonds 3)4 % series due in 1966, was priced at 102)4 and accrued interest, and the other, „$9,500,000 4% deben¬ tures, due in 1946, was priced at 100H and accrued interest. The issues were offered by a syndicate headed by H. M. Byllesby & Co., Inc.; Schroder Rockefeller & Co., Inc., and Bancamerica-Blair Corp., and included W. C. Langley & Co.; A. C. Allyn & Co., Inc.; The First Boston Corp.; Blyth & Co., Inc.; Bonbright & Co., Inc.; Emanuel & Co.; Field, Glore & Co.; Halsey, Stuart & Co., Inc.; Granbery, Safford & Co.: Kidder, Peabody & Co.; Hemphill, Noyes & Co.; Harris, Hall & Co. (Inc.); A. G. Becker & Co., Inc.; E. H. Rollins & Sons, 4; To Redeem Bills Offered Co. for its PUBLIC 4 Nov. 26 1936 Nov. 26 1936 Trust be reoffered to the public. \ Subscrip- • & Eastern Illinois Ry.—A 750,000 Wheeling & Lake Erie Ry.—The $750,000 equipment trust certificates, series E, awarded to Northern Trust Co., Chi¬ cago, through competitive bidding, were purchased by Nor¬ . Amount of 1943, both inclusive. Hallagrten & Co.; Lehman Brothers, and Graham, Parsons <te Co., have purchased privately $1,080,000 3)4% equipment trust certificates, series C, issued under an equipment trust agreement dated Nov. 1, 1936, entered into by Charles M. Thomson, as trustee of the company. These certificates are due $36,000 semi-annully each May 1 and Nov. 1. 1937 to 1951, inclusivee and were reoffered at prices to yield 0.80% to 4.00%. /./"■; X' v: ;■ V: Vi V^ ;VV not due or callable within five years was nearly two points above the level which obtained before the November election. But after the first week of December Treasury bonds had a 1, 1,080,000 Chicago ,V' ■ 'M Inc., and Central Republic Co. 27,500,000 Houston Lighting & Power Co.—-Halsey, Stuart & Co., Maturing Issue of-~ Inc., headed a group of 11 bankers which offered on Dec. 22 issue of $27,500,000 1st mtge. bonds, 334 % series due 1966, 103% and accrued interest. Associated with Halsey, Stuart & Co., Inc., in the offering group were: W. C. Langley an Nov. 26 1936 $133,444,000 $50,044,000 99.989 Nov. 26 1936 128,097,000 106,206,000 131,707,000 163,961,000 90,715,000 106,207,000 103,035,000 140,621,000 118,115,000 50,067,000 99.933 50,012,000 50,027,000 50,225,000 50,005,000 99.989 Dec. 3 1936 Dec. 3 1936 Dec. 10 1936 Dec. 10 1936 Dec. 17 1936 Dec. 17 1936 Dec. 28 1936 Dec. 28 1936 •:ky 99.930 99.990 • 99.911 50,057,000 99.982 50,025,000 50,033,000 50,040,000 99.976 99.830 99.977 at $50,010,000 & 50,000,000 50,085,000 26,834,000 Ohio Edison Co.—A banking I Total volume of new December, one during the year financing in the domestic market for of late new some year ago. were June, 1936 and The major portion of emissions principally for refunding purposes, but issues have come upon the market in the form of capital and the outlook for the future affords some ray of hope that this type of financing will grow more plentiful as time passes. The public utility group again held a prominent place in the month's financing with the $140,000,000 issue of the American Telephone & Telegraph Co. The offering met a nationwide demand with insurance companies and other institutions purchasing a large percentage of the issue. Morgan Stanley & Co., Inc., stated that the syndicate books were closed at 5 p. m. the day of offering ana that the issue had been oversubscribed. A few other issues of size which under the above classification were the $44,500,000 came offering of the Oklahoma Gas & Electric Co. and the Houston Lighting & Power Co. offering in the amount of $27,500,000. Below we give the larger offerings in December: RAILROAD FINANCING $13,900,000 Illinois Central rr.—Public offering^of $13,900,000 4 % equipment trust certificates, series Q, was made Dec. 14 by Salomon Bros. & Hutzler and Stroud & Co., Inc. The cer¬ tificates, which are non-callable and mature serially from Aug. 1, 1937, to Feb. 1, 1944, inclusive, were priced to yield from 0.50% to 3%, according to maturity. This offering does not represent new financing by the company, the cer¬ tificates having been purchased from the Reconstruction Finance Corporation. 10,000,000 Long Island RR.—Kuhn, Loeb & Co. on Dec. 9 offered at 105Mi and accrued interest to date of delivery, to yield 3.44% to maturity, $10,000,000 4% ref. mtge. bonds, due March 1, 1949. By endorsement on the bonds, the Pennsylvania RR., which owns or controls the entire capital stock of the company > will guarantee due and punctual payment by the company of interest on and principal of these oonds. The bonds will not be redeemable before maturity. They will be issued under the refunding mortgage of the company dated Sept. 1, 1903. , 6,400,000 Western Pacific RR.—Lazard Freres & Co., Inc.; Blyth & Co., Inc., and Brown Harriman & Co., Inc., on Dec. 15 offered at 100 and interest $6,400,000 254% trustees' cer¬ tificates due Dec. 1, 1938. This is believed to be the first public offering of trustees' certificates of a company in re¬ organization under the railroad section of the Federal Bank¬ ruptcy Act. 7 - , 3,866,280 Bangor & Aroostook RR.—The company announces that approximately 75% of the 38,280 shares of new 5% cumula¬ tive convertible preferred capital stock has been subscribed for by the preferred and common stockholders and that the , unsubscribed balance has been sold to a syndicate headed by Hornblower & Weeks and including Brown Harriman &- Co., ;v: Inc.; Lee Higginson Corp., and Hayden, Stone & Oo. The banking group made a public offering of the shares at 101 and accrued dividend to return about 4.95%. , ' - $$V 2,400,000 Chicago Rock Island & Pacific Ry.—Lehman Bros., Haligarten & Co.; Graham, Parsons & Oo., and A. G. Becker Co., Inc., on Dec. 23 offered at prices to yield from 0.80% to 3.70%, according to maturity, $2,400,000 3Ml % equipment trust certificates, series R. & group headed by Morgan Stanley & Co., Inc. and Bonbright & Co., Inc., as joint syndicate managers, and including Brown Harriman & Co., Inc., Edward B. Smith & Co., The First Boston Corp., Lee Higginsop Coin., E. W. Clark & Co. and Stone & Webster and Blodgett, Inc., on Dec. 30 offered at 103 and accrued int. $26,834,000 1st mtge. bonds, 3% % series of 1937, due Jan. 1, 1972. Underwriters—The names of each of the several under¬ writers of the bonds and the several principal amounts under¬ written by them respectively are as follows: ^NEW SECURITY ISSUES AND DIVIDENDS IN DECEMBER December surpassed that of any month since Edward B. Smith & Co.; The -First Boston Corp.; & W. Seligman & Co.; Brown Harriman & Co., Inc.; Bonbright & Co., Inc.; Lee Higginson Corp.; Blyth & Co., Inc.; Coffin & Burr, Inc., and Stone & Webster and Blodget, Inc. The issue has been oversubscribed. 50,025,000 50,028,000 Co.; J. • Morgan Stanley & Co., Inc., New York $5,092,000 Bonbright & Co., Inc., New York 5,092,000 Brown Harriman & Co., Inc., New York 1,500,000 Edward B. Smith & Co., New York 1,500,000 The First Boston Corp., New York 1,500,000 Lee Higginson Corp., New York 1,500,000 E. W. Clark & Co., Philadelphia. 1,500,000 Stone <fc Webster and Blodget, Inc., New York__ 1,100,000 Lazard Freres & Co., New York 1,100,000 Blyth & Co., Inc., New York 1,100,000 Lehman Brothers, New York 1,100,000 Eastman, Dillon & Co., New York :^550,000 Kidder, Peabody & Co., New York 550,000 Mellon Securities Corp., Pittsburgh. 550,000 Schoellkopf, Hutton & Pomeroy, Inc., Buffalo 550,000 W. E. Hutton & Co.. New York 550,000 Graham, Parsons & Co., New York 400,000 Spencer Trask & Co., New York. 400,600 Kuhn. Loeb & Co.. New York 1,200,000 - v 25,000,000 Pacific Telephone & Telegraph Co.—Morgan Stanley & Co., Inc.; Kuhn, Loeb & Co.; Kidder, Peabody & Co.; Lee Higginson Corp.; First Boston Corp.; Brown Harriman & Co., Inc.; Edward B. Smith & Co.: Blyth & Co., Inc.; Dean Witter & Co., and Harris, Hall & Co. (Inc.) on Dec. 17 offered $25,006,000 ref. mtge. 3)4% bonds, series C, at 105 and int., to yield 2.995% to maturity and 2.975% to Dec. 1, 1962, the first date at which the bonds are callable at par. This offering will complete the company's refunding program. On April 16 last the same group of bankers offered $36,000,000 ref. mtge. 3)4% bonds, series B, at 101)4. 23,000,000 Consolidated Gas, Electric Light & Power Co* of Balti¬ more—Another step in the refunding program of the com¬ taken Dec. 8 with the offering of $23,000,000 series pany was N, 334% 1st ref. mtge. sinking fund bonds, due 1971, at a §rice of 104 andWeld & Co.,The includes The First Boston interest. and underwriting group was eaded by White, Boston Corp.; Minsch, Monell & Co., Inc,; Joseph W. Gross L6e Higginson Corp.; Brown Harriman & Co., Inc.; Bonbright & Co., Inc.; Blyth & Co., Inc.; Jackson & Curtis; Spencer Trask & Co., ana Kidder, Peabody & Co, & Co.: 16,000,000 Connecticut Light & Power Co.—The final step in the current refunding program of the company was taken Dec. 15 with the offering of $16,000,000 1st & ref. mtge. 3 34 % bonds, series G, due 1966, at a price of 104 and interest. The under¬ writing group was headed by Putnam & Co. of Hartford and Chas. W. Scranton & Oo. of New Haven, and included Estabrook & Co.; Kidder, Peabody & Co.; .Brown Harriman & CQm Inc.; The R. F. Griggs Co.; Coffin & Burr, Inc.; The First Boston Corp.; Blyth & Co., Inc.; Stevenson, Gregory & Co.; Hincks Bros. & Co., Inc., and Paine, Web¬ ber & Go. The issue has been oversubscribed. 12.500,000 Florida Power Corp.—Financing aggregating $12,500,000 offering of for the corporation took place Dec. 22 with the $10,000,000 1st mtge. 4% bonds, series O, due 1966, and $2,500,000 5% sinking fund debentures, due 1946, through an underwriting group headed by E. H. Rollins & Sons, Inc. The bonds are priced at 100 and the debentures at 101, plus accrued interest. Other members of the underwriting group were The First Boston Corp.; Halsey, Stuart & Co., Inc.; Blyth & Co., Inc.; Field, Glore & Co.; W. O. Langley & Co.; A. O. Allyn & Co., Inc.; H. M. Byllesby & Co., Inc.; Hemp¬ hill, Noyes Dillon & & Co.; Starkweather & Co., Inc.; Eastman, Co.; Stroud & Co., Inc.; Otis & Co., and B. B. Robinson & Co. < # > . 14 >. MONTHLY 12,000,000 Consumers Powec Co* (Me.)—-A syndicate headed by Mor¬ gan Stanely & Co., Inc., and Bonbright & Co., Inc., on Dec. offered at 102)4 and int. $12,000,000 1st mtge* bonds, 3)4% series of 1936, due 1966. Other bankers making the offering included: The First Boston Corp.; Brown Harriman & Co., Inc., and E. W. Clark & Co. :■ v 10,522,500 Missouri Power & Light Co.—To simplify the debt structure of the company and to provide funds for additions to property, $9,000,000 1st mtge. bonds, 3M% series due 1966, were offered Dec. 15 at 102 and int. Offering was also made of 15,000 shares of $6 cum. pref. stock (no par) at $101.50 a share. The underwriting group was headed by The First Boston Corp., and included: Harris, Hall & Co., Inc.; E. H. ; Rollins & Sons, Inc.: Brown Harriman & Co., Inc.: Blyth & Co., Inc.: Kidder, Peabody & Co.; Spencer Trask & Co.; Stone & Webster and Blodget, Inc.; Riter & Co.; H. M. Byllesby & Co., Inc.; Coffin & Burr, Inc., and Alex Brown & v.Sons. r;..';":; "o.':;;;: .■ 7,250,000 Pennsylvania State Water Corp.—Offering was made Dec. !■ . . .. members of the offering group PI included: Halsey, Stuart & A. O. Allyn & Co., Inc.; 6,978,000 Pennsylvania Power Co.—The company (an operating unit of Commonwealth & Southern Corp!) has sold privately to v two institutional investors for their investment portfolios a new issue of $0,978,000 1st mtge. bonds, 3)4% series of 1936, due. 1961, at 100 and interest. The proceeds were used to redeem on Dec. 29 at 104 and int. to Jan. 1, 1937, all of the outstanding $6,978,000 1st mtge. 5s of 1956. 5,000,000 Kaaraas Electric Power Co.—A banking group headed by A. G. Becker & Co., Inc., offered on Dec. 15 $5,000,000 1st mtge. bonds, series A, 3H%, due Dec. 1, 1966, at 100 and int. Associated in the offering group were: Field, Glore & Co.; Halsey, Stuart & Co., Inc.; Harris, Hall & Co., Inc.: Brown Harriman & Co., Inc.; Bonbright & Co., Inc., and W. C. Langley & Co. 1,400,000 Public Service Co. of New Hampshire—Halsey, Stuart & Co., Inc., New York, on Dec. 23 offered at 101K and int. $1,400,000 1st mtge. 3)4% bonds, series F. ■ . REVIEW ' 2,500,000 Mengel Co.—Public offering was made Dec, 17, by means of a prospectus, of $2,500,000 1st mtge. 4)4% conv. sinking fund bonds to be dated March 1, 1937, and due March 1, < The bonds were offered- at 100% and accrued int. by 1947. :; James O. Willson & Co., . Louis Co., St. Louis. New York, and Metropolitan St. „ 2,450,000 Thermoid Co.—Public offering by means of a prospectus of $2,450,000 of first den collateral trust 5% bonds (with stock purchase warrants and sinking fund) was made Dec. 30 by a group headed by Van Alstyne, Noel & Co.,-Inc., of New York and Philadelphia, and including Fehner & Beane, New York, Schluter & Co., Inc., New York; Griffith-Wagenseller & Durst, Los Angeles; James ,M. Johnston & Co., Washington, D. O.; Banks, Huntley & Co., Los Angelas-Burr & Co., Inc., New York; Drumheller, Ehrlichman & White, Seattle; McGowen, Cassady & White, Inc., Chicago; Tussig, Day & Co., Inc., St. Louis, and O. T. Williams & Co., Inc., Balti¬ more. The bonds, which were dated Dec. 15, 1936, and become due Dec. 15, 1951, were priced at 100% and accrued interest, have been sold. M- , 70,000 shs.—In addition 70,000 shares of $1 par common stock were offered at the market on Dec. 31 by Fuller Cruttenden & Co., Chicago; Schluter & Co., Inc., of New York, and Barney Johnson & Oo. of Chicago. The stock is listed on the New Co., Inc.; Chandler & Co., Incj Hemphill, Noyes & Co.; Paine, Webber & Co.; H. M. Payson & Co., and Cassatt & Co. It was announced the day of offer¬ ing that subscription books have been closed. . York Stock Exchange. 1,625,000 Seattle Times Co.—Blyth & Co., Inc., Inc., Seattle, Wash.; Wells-Dickey & Co., Minneapolis, and Drumheller, Ehrichman & White, Seattle, on Dec. 18 offered $1,125,000 sinking fund debentures 4)4% and $500,000 serial debentures 4)4%. United Principal Amount Ser. deb8.,ser. A $100,000 Series B 100,000 Series O. 100,000 100,000 100,000 Sink, fund debs_ 1,125,000 Series D Series E Approx. Yield to Offering Maturity Dec. 1, 1937 Dec. 1, 1938 Dec. 1, 1939 Dec. 1, 1940 Dec. 1, 1941 Dec. 1, 1948 Price Maturity 102.61% 103.73% 104.17% 1.50% 2.25% 2.75% 3.25% 103.65% 102.22% 100.00% 3.75% 4.25% 1,500,000 Lockheed Aircraft Corp.—G. M.-P. Murphy & Co.; Hayden den, Stone & Co.; Blyth & Co., Inc.: Lawrence Stern & Co., Inc., and G. Brashears & Co. offered 150,000 shares of common stock at $10 a share. ' 1,500,000 Poor & Co.—Public offering was made Dec. 8, by Harris, Hall & Co., Inc., at 90)4 and accrued int. of a new issue of $1,500,000 10-year 4% sinking fund debentures, due Oct. 1, 1946. H ! !■ ''' i >• 1,250,000 Grotoiv & Knight Co.—Public offering of $1,250,000 1st mtge. sinking fund 4)4% bonds, due 1951, was made Dec. 3 through an underwriting group < headed by Lee Higginson Corp. and including Brown Harriman & Co., Inc.; Paine, Webber & Co., and Pickhardt & Ellis. The bonds were priced at 99 M and accrued interest. . 1,150,000 Preferred Stock Offered—Arthur Perry & Co., Inc.; E. H. Rollins & Sons, Inc.: Shields & Co., and Tifft Brothers also offered at 100 per share and divs. (accrued from Dec. 15) 11.500 shares or preferred stock, $5 div. series (no par value) . 1,042,800 Edison Sault Electric Co.—Offering of a new issue of $1,042,800 1st mtge. sinking funds bonds, series A, 4)4 % was made Dec. 29 by means of a prospectus by Firrtt of Michigan Corp. and Campbell, McCarty & Co., Inc. The bonds, which were dated Oct. 1, 1936, and due Oct. 1, 1961, were priced at 101)4 % and accrued interest. . 1,000,000 Battle Creek Gas Co.—Private sale by G. L. Ohrstrom & Co., Inc., of an issue of $1,000,000 20-year 3%% 1st mtge. bonds was announced Dec. 7 by D. H. Frazer Jr., President of the company. The proceeds of the issue, which was sold to four insurance companies at par, will be used in part to retire $600,000 1st mtge. 5s and $300,000 1st mtge. 4)4b of / 1,000,000 Superior Oil Corp.—A group of investment bankers, headed by Fenner & Beane Con), and Eugene J. Hynes & Co., Inc., New York, on Dec. 14 offered 200,000 shares of common stock (par $1) at the market (about $5 per share). The 200,000 shares offered are part of a total of 511,020 shares covered by the registration statement of which 111,020 shares are reserved for officers and employees of the company. 750,000 General Finance Corp., Detroit, Mich.—A syndicate con?* sisting in part of Jackson & Curtis, First of Michigan Corp., and Charles A. Parcells & Co., on Dec. 9 offered by means of a prospectus a new issue of $750,000 15-year 5% conv. of the company. INDUSTRIAL AND $20,000,000 Armour First & Co. MISCELLANEOUS of Boston Con>.; debentures, series B, at 101H and interest. In addition, 2,250 shares of common stock were offered apart from the debentures at the market (estimated at $4.75 pot share). FINANCING Delaware—Kuhn, Loeb & Co.; The Brown Harriman & Co., Inc.; Edward B. Smith & Co.; Blyth & Co., Inc., and Lee Higginson Corp. on Dec. 22 offered at 98)4% and accrued interest, to yield 4.11 %, $20,000,000 1st mtge. /' 20-year 4% sinking fund bonds, 747,707 Universal Clyclops Steel Corp.—An underwriting group headed by A. G. Becker & Co., inc., and including Cassatt & Co., Inc., and Singer, Deane A Scribner, on Dec. 10 offered at $19 a share 100,000 shares of cmomon stock ($1 par). Of the shares embraced in the offering 39,353 shares repre¬ 1 series O, due Jan. 1,1957. . 12,000,000 Associates Investment Co., South Bend, Ind.—A banking group headed by F. S. Moseley & Co. on Dec. 10 made public offering of a new issue of $12,000,000 10-year 3 % debentures, series due 1946, at 100 and int. Other members of the offering group were: Field, Glore & Co.; Brown Harriman & Co., Inc.; Lee Higginson Corp.: Hayden, Stone & Co., and Harris, Hall & Co., Inc. , 6,737,500 Trans western Oil Co.—The first public financing for the company, recently organized to take over oil and gas properties of Slick-Urschel interests in Southwest, was announced Dec. 16 with the offering of 490,000 shares of capital stock ($10 par) at $13.75 per share. The underwriting group was headed by Riter & Co. and included: Reynolds & Co. and Vallance & Co. Simultaneously with the public offering, 259,900 shares of the company's capital stock were privately sented are to holders. » 5,000,000 Dow Chemical Co.—A new issue of $5,000,000 15-year 3% debentures, due Dec. 1, 1951, was offered Dec. 15 by Edward B. Smith & Co. at par and interest. The return on this investment is said to be the lowest average for an industrial issue of comparable maturity in the present period of lowcost financing and to rank with the lowest cost in the history of industrial financing, » offered a new until Feb. Corp.—Cassatt & Co.; Inc.; on Dec. 14 issue of 4K% cum. pref. stock (convertible until 1, 1942) at $104 per share. - Holders of the com- Group, Inc.* 687,500 Bartgis Brothers Co.—Public offering of 20,000 shares of 6% conv. cum. preferred stock and 25,000 shares of common stock was made Dec. 4 by Falvey, Waddell & Co., Inc., the preferred at $25 a share and the common stock at $7.50 a share. 2 Of the common stock offered 15,000 shares were purchased from individual stockholders who will receive the proceed* from that amount of stock. , 630,000 Wentworth Mfg. Co.—Public offering of a new issue of 40,000 shares of conv. preferred stock (no par) was made Dec. 14 by Rawls & Co., Inc., New York. The shares were priced at $15.75 each, plus accrued dividends. MUNICIPAL FINANCING $25,333,000 Detroit, Mich./ non-callable series F refunding bonds, due serially headed from 1938 to 1965 incl., awarded to a syndicate by the Bankers Trust Co. of New York, which paid small premium over par for $9,858,000 3)4s and $15,475,000 2%s, the net interest cost to the city being 2.91%. In a - re-offering the bonds, bankers priced the 3)4s to yield from 0.50% to 2.85%, according to maturity; in the case of the 2Mb, the 1951 and 1952 maturities were offered at par, and those from 1953 to 1963 incl. were marketed on a yield basis of from 2.80 to 2.90%. , 10,000,000 Port of Now York Authority, JN. Y., 3% fourth aerie gen. & ref. bonds, due Dec. 15, 1976, and subject to redemp¬ tion, were on a diminishing price scale starting Dec. 15, 1941, a banking group managed by Blyth & Co,, lie. sold to of New York, at a price of 103.859, a basis of about Offered for general investment at a price of 104.75. 3,328,000 Lerner Stores ■ Banking Corp.—Distributors York, on Dec. 15 made an initial public offering of 20,000 shares of $1.50 cum. conv. pref. stock and 15,000 shares of class A common stock of the corporation. The pref. stock, which is of $25 par value, was priced at $26.50 per share and the common stock at $7 per share. New ■ 3,807,858 Standard Cap & Seal Corp.—Riter & Co.; Hemphill, Noyes & Co.; Eastman, Dillon & Co.; E. H. Rollins & Sons, Inc.; Mitchell, Herrick & Co., Inc.; Otis & Co., Inc., and Schwabacher & Co. on Dec. 22 offered 56,511 shares of conv. preference stock (par $10-cum. divs., $1.60 per annum) at at $30 per share (plus accrued dividend from Dec. 1) and 88,022 shares of common stock at $24 per share. I 725,000 Automobile sold. - financing by the corporation, proceeds of which capital. The remainder of the stock comprised in the offering was applied by individual share¬ . 5,972,202 Crown Cork & Seal Co., Inc.—Paine, "Webber & Co.; Hayden, Stone & Co.; W. 0. Langley & Co.; Hallgarten & Co.; Cassatt & Co., Inc.; Estabrook & Co.; Stone & Webster and Blodget, Inc.; Alex, Brown & Sons; Mackubin, Legg & Co.; Baker, Watts & Co.: Mitchum, Tully & Co., and Put¬ nam &,Co. on Dec. 26 offered the unsold portion of 102,969 shares of common stock not taken by stockholders. It is stated that only 460 shares remained for the underwriters. new be used in part for plant improvements and the balance for additions to working 2^8j%. 9,600,000 Chicago, III., city and school board 3% refunding bonds sold as follows: $6,600,000 city issue, due Jan. 1, 1957, and re¬ deemable in varying amounts on specific dates, purchased by Halsey, Stuart & Co., Inc., of New York and associates, at a price of 104.03, a basis of about 2.73%. Halsey, Stuart & Co., Inc., headed another account which obtained award of the $3,000,000 Board of Education issue, at a price of 103.245, a basis of about 2.78%. These bonds also mature Jan. 1, 1957, and are callable on a somewhat similar basis as the obligations issued by the city. . retired called for redemption, have been Eany's outstanding pref. stock, 614% cum., alloffered by will of which the or e V, , opportunity to exchange their holdings into an equal number of shares of the new pref., and to receive in cash, for each share so exchanged, the difference between re¬ demption price and the public offering price of the new shares. Out of a total of 32,000 shares, such of the shares of the 4)4% cum. pref. as were not thus exchanged, were offered for public company an sale. 3,120,000 Halle Brothers Co., Cleveland, Ohio—Offering of 60,000 shares of conv. preferred stock was made Dec. 11 by means prospectus by a banking firm headed by Hayden, Miller & Oo. of Cleveland. The stock was priced at $52 a share. Associated with Hayden, Miller & Co. in the offering were: Otis A Co., Inc.jMerril, Turben & Co., Inc.: Hawley, Huller & Co.; Maynard H. Murch & Co.; Mitchell, Herrick & Co., Inc.: Curtiss, House & Co.; Field Richards & Shepard, Inc.; McDonald-Coolidge & Co., Inc., and Will H. Halle & Co., of a all of Cleveland. 2,727,000 Pacific Finance Corp. of Calif.—Public offering of 27,000 shares (part of 35,000 shares registered and being sold) 5%,cum. pref. stock "5% series" (with common stock purchase warrants attached) wasmadeDec.il ata price of$101 per share plus accrued dividends from Nov. 1,1936, through an under¬ writing group headed by Dean Witer & Oo. ana William R. Staats Co. Other members of the group included: Estabrook Sc Co.; Conrad, Bruce & Co.; Schwabacher & Co.; Wm. Cavalier & Co.; Dulin & Co., and Elworth & Co. * ; > 4,620,000 Camden, N. J., refunding bonds were purchased by an ac¬ count managed by Lehman Bros, of New York. Of the total, $3,000,000 were awarded publicly as 3)4* and 3)4b, at a price of 95.003, a basis of about 3.64%. This block was reoffered on a yield basiB of from 3.25 to 3.70%, according to coupon rate and maturity. The entire loan is due serially from 1945 to 1970 incl. The banking group subsequently purchased privately an additional $1,620,000 bonds, com¬ prising $1,060,000 3 Mb and $560,000 3H®. 3,358,000 Buffalo Sewer Authority, N. Y., 4% sewer bonds pur¬ chased at private sale by a syndicate managed by B. J. Van Ingen & Co., Inc., of New York. Due serially from 1940 to 1964 incl. Re*>ffered to yield from 2.20 to 3.15%, ac¬ cording to maturity. 3,221,000 Qrland, Fla., 4% refunding bonds, maturing serially from 1938 to 1962 incl., awarded to A. C. Allyn,& Co., Inc., of Chicago and associates, at a price of 101.419, a basis Of about £ 3.86%. Publicly offered on a yield basis of from 1.50 to 3.70%, according to maturity. J■ . , ■ . American 2,500,000 Rusk County, Texas, 2H% and 3% road bonds reported sold by the County Judge. Additional details of financing not available. Issue said to mature in seven years. 1 stock • ■■/ v, ■ •' "I '' ' 2.75%, according to maturity.1 \ •- paid Dec. 21 on the This was the first disbursement made on this issue 1935, at which time 50c. a share was paid. stock. common American Dec. 15 1,043,000 Maryland (State of), 2#% road bonds sold to Edward B. Smith & Co. of New York, and associates, at a price of ■>' 100.829, a basis of about 2.14%. Due serially from 1943 to 1947 incl., and callable prior to maturity. Re-offering was Fork American /i • Since December, ■'; //;'M;/,':': v.. 4/ Factors, Ltd.—Dividend of $1.35 a share was paid on the capital Dec. 10. Previously, monthly dividends of 15c. a share were American Felt Co.—-Dividend of $1.50 a share was 1943 to 1961 incl., awarded to Halsey, Stuart & Co., Inc., of New York, and associates, at a price of 100.278, a basis of 2.73%, Re-offered at prices to yield from 2.25 to from '■ on -.■distributed. Y.,k 2% % debt equalization bonds, due serially 1,100,000 Yonkers, N. 15 REVIEW MONTHLY JAN., 1937] on Co.—Extra dividend of 25c. Hoe & the stock. no par common share was paid a , , < , ■ Dec. 23 „ , yield basis or from 1.65 to 2.10%. were M; •'' showered upon investors Both 3 year $1 Maize Products Co.—-Special dividend of $1 a share and a regular quarterly of 25c. a share on the no par common stock were paid ■/J///01X, /'v.^^//'-/ ;■/' // /■'•v''/^ American Stock, share to 35c. a value In¬ Air Reduction Co.—Extra dividend of 25c. of 25c. a share on the no par common a share and paid on the stock of no par value on Dec. 24. American Toll Bridge Co.—Initial dividend of 8c. a share was paid American Thermos Bottle Co.—Dividend of $1 a share was q common Dec. 9 on the common stock. and participating a share on a capital stock, payable Dec. 28. , This be would initial dividends Argo Oil Co.—Extra dividend of 20c. disbursement stock Ltd.—Initital dividend of 30c. no par a share was paid ou new common share on Dec. 10 the on share was paid on the Amalgamated Leather Co., Inc.—Initial quarterly dividend of 75c. share was a share was ■ a a the no par , Dec; 21 on . , <" pref. , . share was paid Dec. Automobile Banking Corp.—Extra regular semi-annual dividend of 15c. stock were paid on Dec. 19. a share and a share on the new no par common dividend of 10c, a v ' > Babcock & Wilcox Co.—Dividend of $2 a share in addition to a quarterly dividend of $1 a share on the capital stock, payable Dec. 15 and Jan. 2, respectively. stock,^payable Jan. 4. on Oct. 1 on Previously to 30c. a ' the on paid quarterly dividend of 25c. a share was a the above issue. Baldwin Co.—Dividend common stock increased from 10c. a share share and was paid on Dec. 26, last. / , Baldwin Duckworth Chain last. share Commercial Alcohol Corp.—Directors declared a was on Corp.—Special year-end dividend of 60c. a A dividend of $2 a share the old shares which were later split on a six- the new shares, payable Dec. 24. paid Oct. 1, last, on for-one basis in November, common 1936. dividend of 50c. in cash and two shares of 5% cumulative $10 par pre¬ ferred stock of American Distillers Co. for each five shares of American Commercial Alcohol common held, both payable Dec. 24. The last Bancamerlca Blair Corp.—Extra dividend of $1.25 a share and a regular semi-annual dividend of 25c. a share were paid Dec. 26 on the common previous distribution on the common stock amounted to 40c. was paid on April -15, 1930. (The) Barber Co., I nc.—Special dividend of 25c* a share Was paid on a stock. share and the American Cyanamid Co.—Special dividend of 40c. a share in addition regular quarterly of 15c. a share on the class A and B common shares, no par value, all payable Dec. 21. • \ ' , , American Discount Co. (Ga.)—Dividend OU the hd increased from 30c. American a share to 45c. District Telegraph a common Bastian stock . a share was ,s a Equities Co.—Dividend on the common stock increased from share to 22Hc. a share, payable Dec. 22. 1 '/:'//,////;//}/: 'W/r/Z '//;/'/v/v/ //v/-/?/.'/.;i//,,:;>':;/;/::/!//;^/"!v/\/>5!i/' //■■ V ■:///•;i/qiv/:f/"■ • ' " stock on Dec. 31. ' , a share was ' - : - K u ZL ' 1 V . r/ a a - paid on the - share on the common stock, a was - • . 1 a ■/ share was distributed*,.;, •. v/Z. ii• q/c/;-..? ■-;■■/ v/--./: - . 13 //./v//?.;-''*-'y. . " //////,'■■:. "./ ■//'^ (Lud wig) Baumann Sc. Co.—Paid a dividend of $7 a share on account of accumulations on the 7% cum. conv. 1st pref .stock on Dec. 26 and the first on this issue since May 16, 1932 when a regular quarterly of $1.75 , American 15c. . Dec. 22. Blessing Co.—Dividend of 40c. sue, . on Sayable Dec. 24 and the first25c.be share since Jan. 15, 1932 on this declared made. when distribution of to ' t;/-••: share, payable Jan. 2. Co.—Extra dividend of $1 paid Dec. 18 on the common stock. common , par /,t;.:■■"■':■/'v./'/■ capital stock Bartgie Brothers Co.—Initial dividend of 30c, to the H ! This will be the first paid by the stock, no par value, payable Dec. 26. :!: company since 1931. American Chain Co., Inc.—Dividend of $3 a share' was paid Dec. 24 on the common stock and compares with $1 a share paid on Oct. 30 last. '</>• , value common stock. Autocar Co.—Initial dividend of 75c. a share on the new $3 cum, Brake Shoe & Foundry Co.—Extra dividend of $1 a share quarterly dividend of 50c. a share on the no par common stock paid on Dec. 21. This compares with 40c. paid on Sept. 30 and American ' ' with $1.50 a share paid on July 1, last. /; a June 30, „ „ Augusta & Savannah RR.—Extra dividend of 25c. a share and a dividend or $3.50 a share were paid Dec. 22 on the capital stock. This compares American was . . Atlantic Steel Co.—Extra dividend of $14 a share was paid American Bank Note Co.—Extra dividend Of 15c. a share in addition to a regular quarterly dividend of 25c. a share on .the common stock, both payable Dec. 24. JV American Box Board Co.—An additional dividend of 25c. a share was V ' Atlas Powder Co.—Special dividend of 50c. a share was paid on the no par common stock on Dec. 24. American Arch Co.—Special dividend of 75c. a share was paid Dec. 21 on the no par capital stock. a distributed. 5% non-cum. pref. stock was paid on Dec. 23. This was the first dis¬ tribution made on this issue since Dec. 31, 1931 when a regular quarterly American Agricultural Chemical Co.—Dividend'on the no par capital stock increased from 75c. a share to $1.75 a share, payable Dec. 23. American Bakeries Corp;—Extra dividend of 25c. 24 on the cumulative class A stock. • :■/■•/ 1935 when an 15, of $1.25 a share was paid. share was paid Ambassador Petroleum Co.—Dividend of 14c. a share on the common stock, payable Dec. 15 and the first distribution to be made since Dec. 20, 1934, when an extra of 15c. a share and a regular monthly dividend of two cents a share was paid. 1 and the first since Feb. 22 Atlantic Gulf & West Indies SS. Lines—Dividend of $3 a share on the paid Dec. 15 on the Aluminum Goods Mfg. Co.—Special dividend of 30c. on the no par common stock on Dec. 15. and Dec. Associated Breweries of Canada, Ltd.—Dividend of 15c. a share was paid on the common stock on Dec. 31, in addition to one of 25c. on Dec. 15, last. $20 par, common stock. declared on the common on Associated Insurance Fund, Inc.—Extra dividend of 10c. a share Wat paid Dec. 15 on the common stock; ( paid on the new 6% convertible preferred stock on Jan. 1. (A. S.) Aloe Co.—Extra dividend of $2 v stock Dec. 24 on the common stock. a share was paid Dec. 2 on the common April 15, 1930, when a like amount was dis- a stock increased from Distilleries, I nc.-—Dividend of 5c. & share Was paid on the $1 par v stock. All Metal Products Co.—Extra dividend of 20c. common stock, on Dec. 21, last., // / stock. Works, Inc.—Extra of 60c. a share on the common stock, payable Dec. 17. Ashland Oil & Refining Co.—Special dividend of 10c. a share was paid tributed. . no par common Art Metal Alligator Co.—Dividend of 75c. stock and the first since of payable pref. stock, par $100, not converted, up all back dividends on the issue. cum. Art Metal Construction Co.—Special stock dividend of one Share of common stock for each 20 shares held and a cash dividend of 40c. a share on common stock, both payable Dec. 17. ' f, ^ ^ stock. Allied Stores Corp.—Cash dividend of 20c. a share and a stock dividend of l-100th share of 5% preferred stock, par $100 on the common stock, both payable Jan. 20. The above represent imtial distributions on the common the 7% Arrow-Hart & Hegeman Electric Co.—Extra and quarterly dividends of 75c. each were paid on the common stock on Dec. 18. This compares with 50c. a share distributed on Oct. 1 and July 1, last. • v / share was paid Dec. 28 on the a share in addition to a semi-annual both payable on a the common stock, initial dividend of 2He. a share was a value common stock and one of 50c. the on common issue. on on Arnold Constable Corp.—'Dividend on the common 12Mc. a share to 50c. a share, payable Jan. 21. Allied Products Corp.—Initial dividend of $1.50 a share was paid Dec. 24 share and thus clearing Arrow " same a Armstrong Cork Co.—Extra dividend of $1 a share was paid Dec. 19 on Dec. 3. on 10c. accruals Aldred Investment Trust-r-Dividend of 40c. a share was paid Dec. 24 on the outstanding common stock, the first paid since May 31, 1930, when 50c. a share was distributed. the common of Jan. 15, the Allegheny Steel Co.—Dividend of 25c. . Co. of Illinois—Dividend of $31.50 a share on account Armour & company. Allan's Beverages, . Dec. 19. of common , Argonaut Consolidated Mining Co., Inc.—Dividend of 38c. a share was paid Dec. 21 on the common shares. The last previous disbursement amounted to 70c. a share and was made on Dec. 10, 1935. both the Special meet¬ on Dec. 28 on the Anheuser Busch, Inc.—Dividend of $5 a share was paid : common stock and one of $3 a share on Dec. 8, last. ing to authorize issuance of 50,000 shares of new $20 par $1 preferred stock to be available for use in paying dividends on common. Con¬ tingent on such authorization, directors declared a dividend of $4 a share on common, payable to holders of record Dec. 4, under two forms /// of option, either one share of preferred for five shares of common held or three-quarters of a share of new preferred and $5 cash for each five common. on Angostura Wuppermann Corp.—Extra dividend of/15c. a share on the preferred stock, payable Dec. 20L Alaska Pacific Salmon Co.—Directors have voted to call paid Anaconda Wire & Cable Co.—Extra dividend of $2 a share was the no par common stock on Dec. 22. ;3jt Alabama Crest Southern RR.—Extra dividend of $2 paid Dec, 26 on the common stock. Mfg. Co., Inc.—Extra dividend of 25c. a share and a tegular quarterly of 12Hc. a share on the no par common stock, both payable - Dec. 24*. -s' ;;.;_ ,', ;,, >, ■/'■■',. '', •. /■'" v.,; * •! ■ * *' ■z* A ..., / ^ stock; payable Jan. 2. common Akron Brass . paid Dec. 21 on share was declared on the a American Stove Co.—Extra dividend of $3 a share was Dec. 23. stock, both payable Jan. 15. dividend of 25c. American Snuff Co.—Extra regular quarterly a payable on Dec. 26. increased from 10c. a share to 20c. a share and was the $2 non-cumu¬ on qjiare to $1.25 a share and was paid on Dec. 18. Republics Corp.—Dividend on the $10 par common stock American Screw Co.—Extra dividend of $1 a share was the common stock. , share a Corp.—Dividend on the no par common stock increased from $1 a American v lative convertible participating preferred stock was paid on stock. common American Potash & Chemical Casualty & Surety Co.—Extra dividend of $1 a share in addition quarterly dividend of 50c. a share on the capital stock, both payable Jan. 2. Aetna Life Insurance Co.—Extra dividend of 30c. a share in addition to a quarterly oividend of 20c. a share on the capital stock, both payable Jan. 2. Previously, regular quarterly dividends of 15c. a share had been ■///■distributed. ; ■: 1 Affiliated Fund, Inc.—Extra dividend of 30c. a share on the new common stock, par $1.25, payable Dec. 33. * / \ A. & K. Petroleum Co.—Extra dividend of 5 cents tTshare on the class A / stock, payable Jan. 1, AinswortH Mfg. Corp.—Dividend on the $10 par common stock increased from 50c. a snare to $1 a share and was payable Dec. 23. Air Investors Co.—Initial dividends of 60c. the on share and the usual /;/■ would be payable on Jan. 15. /■>:;/.\'/;/-' v'///-3.q..//; 33^-/33:3 American Paper Goods Co.—Extra dividend of $1 a share was paid on the common stock on Dec. 15. share and become payable Dec. 93. a Corp.—Dividend of $4.50 a share was paid Dec. The above payment includes an extra of $4 bi-monthly dividend of 50c. a share which ordinarily American News N# Y. 15 a Co., Ltd.—Dividend of $11.50 a share on account oj the 6% cum. pref. stock, payable Dec. 21, thus wiping on out all arrears on this issue. the regular of share was disbursed. a American Locomotive Co.—Dividend of $3 a share Was paid on Dec. 18 on the 7% cum. pref. stock on account of accumulations and the first distribution made by the company since December, 1932 when a regular quarterly of $1.75 a share was paid. Aetna shares , Corp.—A dividend of 40c. a share was paid the first since Oct. 1, 1930 at which time Dec. 19 on the common stock, accumulations Adams Express Co.—Dividend on the common stock of no par '• par Dec. 29. American Metal Wire Co.—Extra dividend of $1.25 a share on the common common no International American Administered Fund Second, Inc.—Special dividend of 23c. a shard was paid Dec. PI, on the common stock. . A both payable payable Dec. 15. to Corp.—Extra dividends of 50c. a share on the shares and 5c.a share on the $1 par common "B" shares, The above dividends were declared for the fiscal ended March 31, 1937.. , .» • •.* ,• ? '. >f(,/ •}'/ ; common FAVORABLE CHANGES creased from 10c. 33/'.3 a American J. G. Chemical the changes: Xcme 24 on 1931, '3333 V • Corp.—Extra dividend of 10c. a share payable regular monthly dividend of 20c. a share payable Jan. 2, declarations were made on the $1 par, capital stock. Dec. 24 and tinued through December without abatement. for this great outpouring of surplus funds in ■ '//■/ a American Home Products during November con¬ The reason the form of dividends, as previously stated, may be attributed for the most part to the new Revenue Act of 1936, which imposes a punitive tax on companies who fail to distribute the major portion of their surplus profits. This surtax on the un¬ distributed portion of their surplus profits ranges in amount from 7 % to 27 %> depending on the amount of income with¬ held from stockholders. Below we give the following list, divided into two sections, namely "Favorable Changes" and "Unfavorable Changes," giving the more ^important of which ■ the common stock. when 50c. a share was distributed. all kinds The windfall of favorable dividend declarations of 133 3 I/ v on share was paid 3'-'3!"• ■/'//33/ Corp.—Special dividend of 50c. American Hard Rubber Co.—Dividend of $1 a share was paid Dec. the common stock and the first payment to be made since May 15, , made on a General 'j* , ■ // '.■■■■-'/ , .. ///■'-/'/-,, ■;t' "■ " 1 . 'M MONTHLY REVIEW 16 Beatrice Creamery Co.—Extra dividend of 50c. a Ik share on the common stock, payable Jan. 2. sad • Belden Mfg. Co.—Extra dividend $10 par stock on Dec. 26. of $1.70 a share was paid on the new Benson & Hedges—Dividend of $2 a share on account of on the $2 cum. conv. pref. stock, payable Dec. 19, and Aug. 1, 1931, when a accumulations the first since quarterly of 50c. a share was distributed. Bethlehem Steel Corp.—Dividend of $1.50 a share was paid Dec. 24, the no par common stock, and represents the first distribution on this issue since Feb. 15, 1932, at which time 50c. a share was disbursed. on Bickford's Inc.—Dividend on the no par common 25c. a share to 30c. a share, payable Jan. 2. Binks Mfg. stock increased from Co.—Initial dividend of 50c. a share on the common stock, 15 to holders of record Dec. 5., and an extra dividend share, payable Dec. 21. payable Dec. of 25c. a dividend of 25c. a share was paid on the no par common stock on Dec. 28. Birtman Electric Co.—Dividend of 75c. a share was paid on the $5 par Bird & Son, Inc.—Special stock on common Dec. 26. Bishop Oil Corp.—Extra dividend of 10c. a share was the $5 par capital stock. paid Dec. 19 on & Decker Mfg. Co.—Dividend of 25c. a share on the common stock, payable Jan. 5, and the first since Sept. 30, 1930, when 40c. a share was paid. Black (E. W.) Bliss Co.—Dividend of $5 a share on account of accumulations on the first preferred stock paid Dec. 24, the first distributed since Jan. 2, 1932, when $1 a share was paid. dividend of $1 a share was paid on the Bliss & Laughlin, Inc.—Extra common stock on Dec. 26. .. 1 (Sidney) Blumenthal & Co., Inc.—Dividend of $21 a share on account of accumulations on the 7% cumulative preferred stock, payable Dec. 22. This payament marks the resumption or dividends on this issue, the last previous dividend having been a quarterly distribution of $1.75 a share 2, 1933. Jan. on & Share Trading Corp.—Special dividend of 35c. a share was paid Dec. 24 on the class A common stock of no par value. Boston Herald-Traveler Corp.—Special dividend of 75c. a share was paid on the no par common stock on Dec. 21. Boston Personal Property Trust—Extra dividend of 24c. a share was the common stock on Dec. 24. on Bourjois, Inc.—Dividend of 75c. a share was paid on the no par common stock on Dec. 11, the company previously paid 25c. a share on June 1, •1935. Bower Roller-Bearing Co.—Dividend on the capital stock increased $1 a share and became payable on Dec. 19. from 75c. a share to (E. J.) Brach & Sons—Extra dividend of 80c. a share was on the no par common stock. paid Dec. 24 Brewing Co.—Initial dividend of 5c. a share was Brackenridge Dec. 16 on the common paid stock. Brazilian Traction, Light & Power Co.. Ltd.—Dividend on the common stock increased from 30c. a share to 40c. a share, payable Jan. 30. paid on the no par Briggs Mfg. Co.—Extra dividend of $1 a share was common stock on Dec. 21. Bristol Brass Corp.—Extra dividend of $1 a share and a regular quar¬ terly of 50c. a share on the common stock of $25 par, both were payable Dec. 15. British American Oil Co., Ltd.—Extra dividend of 20c. a share was paid Jan. 2, on the no par capital stock. Street Investing Co.—Dividend of $1.65 a share was paid on the capital stock on Dec. 18 and compares with a regular quarterly dividend of 20c. a share paid on Oct. 1, last. Broad Buckeye common Steel Casting Co.—Extra dividend of 50c. a share on the stock of no par value was paid on Dec. 22, last. Bucyrus-Monighan Co.—Extra dividend of 30c. a share were paid on A and class B stocks. Dec. 23 on the class >, • 7.*'" •'•/•v,;.,- 7 capital Charlton Mills—Dividend of $1 a share was paid on the $100 par stock on Dec. 21, the first paid since Aug. 1, 1934. Chartered Investors. Inc.—Dividend of 50c. a share was paid Dec. on the common stock and the first paid on this issue since 1931. ' 21 Chicago, Burlington & Quincy RR. Co.—Dividend of $4 a share was paid on the capital on Dec. 18. This compares with $2 paid on Dec. 28, 1935. 77 • ^^ ;V.,'■ ■. paid Chicago Flexible Shaft Co.—Extra dividend of $1.10 a share was Dec. 22 on the $5 par common stock. v _ , capital Chicago Title & Trust Co.—Extra dividend of $1 a share on the stock, payable Jan. 1. City Union Corp.—Dividend on the common stock increased share to 50c. a share and became payable Dec. 24. from 25c. a 1 „ Clark Controller Co.—-Initial dividend of $1 a share on the stock, payable Dec. 28. , hew common " , i Co.—Extra dividend of 25c. and a paid on the common stock on Illuminating Electric Cleveland regular quarterly of 50c. a share were Dec. 22. Cliffs Corp.—Dividend of 75c. a share was paid Dec. 18 on the common stock, the first on this issue since March 30, 1931, when a distribution of of 15c. a share was made. Molybdenum Co.—Special dividend of 20c. a share stock* Climax paid was Dec. 24 on the no par common Cluett-Peabody Co.—Dividend of 75c. a share on the no par value common stock will be paid on Feb. 1. This compares with 25c. a share paid on Nov. 2, last. Coca-Cola Bottling Co* of New York, Inc.—Initial dividend share on the common stock, payable Dec. 21. Cohn & Rosenberger—Initial dividend of 30c. a share was on of 50c. a paid Dec. 23 the common stock. Colgate-Palmolive-Peet Co.—Extra dividend of 25c. a share was paid on Bond paid Chapman Valve Mfg. Co.—Dividend of 50c. a share was paid Dec. 21 on the common stock, the first since July 1, 1931, when 25c. a share was distributed. Beneficial Loan Society (Del.)—Extra dividend of 20c. a share and a regular quarterly of 10c. a share on the no par common stock, both were payable Dec. 5. , -'V, ■ paid Chain Store Investors Trust—Extra dividend of 30c. a share was Dec. 22 on the capital stock. the no par common stock on Dec. 24. Collyer Insulated Wiro Co.—-Dividend of 35c. a share on the no par common stock was paid Dec. 24 as compared with 25c. a share previously. Co.—Initial dividend of 25c. a share was paid on the Columbia Brewing common Bt'ock; on Dec. 21. Broadcasting System, Inc.—Special dividends of $1.30 a share were paid Dec. 21 on the class A and B stocks. Columbia Commercial Bookbinding Co.—Dividend of $1 a share was paid Dec. 15 on the common stock, the first since Jan. 15,1931, when 43J4c. a share was distributed. Commercial Discount Co. (Los Angeles)—Extra dividend of $1 a share was paid Dec. 26 on the common stock. Commonwealth Investment Co.—Special dividend of 52c. a share was paid on its stock on Dec. 24, last. Compressed Industrial Gases, Inc.—Extra dividend of 60c. a share was paid Dec. 22 on the no par common stock. Consolidated Chemical Industries, Inc.—Extra dividend of 12He. a share and regular quarterly dividends of 37 He. a share on the class A and class B stocks, both payable Feb. 1. Consolidated Mining & Smelting Co. of Canada, Ltd.—Extra divi¬ dend of $1 a share was paid on the capital stock on Dec. 31. Consolidated Oil Corp.—Dividend on the common stock 15c. a share to 20c. a share, payable Feb. 15. increased from Continental Insurance Co.—Semi-annual dividends of 80c. a share and special year-end dividend of 20c. a share on the capital stock, both payable Jan. 11. Previously regular semi-annual dividends of 60c. a a share were distributed. Continental Securities Corp.—Dividend of $2.50 a share on account of accumulations on the $5 cumulative preferred stock of no par value was paid on Dec. 15 and the first since June 1. 1931 when an initial quarterly dividend of $1.25 a share was distributed. paid on the Cook Paint & Varnish Co.—Extra dividend of 40c. a share was paid Dec. 19 on the common stock. Building Products, Ltd.—Extra dividend of 50c. a share and a quarterly of 35c. a share on the class A and class B stocks, no par value, all pay¬ Corn Products Refining Co.—Extra dividend of 75c. a share was paid •; Buffalo Insurance Co.—Extra dividend of $2 a share was capital stock on Dec. 30. able Jan. 2. Dec. 21 on the common stock. Sullivan Mining & Concentrating Co.—Extra dividend paid Dec. 30 on the $10 par common stock. Butler Brothers—Dividend of 60c. a share was paid on the common stock on Dec. 21 and was the first distribution on this issue since Feb. 15, 1930, at which time 30c. a share was paid. Butte Cooper & Zinc Co.—Dividend of 5c. a share was paid Dec. 28 on the common stock, the first since Dec. 24, 1929. Bunker Hill & of $1 a share was Canada Malting Co., Ltd.—Extra dividend of 50c. Dec. 15 on the no par capital stock. share was a paid Bronze Co., Shoe Co.—Initial dividend common stock on Dec. 26. Cannon - of 10c. a share was paid on the Capital Management Corp.—Special dividend of $1.75 a share was on the capital stock on Dec. 15, last. Carnation Co.—Extra dividend of 50c. a share was stock on Dec. 22. Corroon & Reynolds Corp.—Dividend of $4 a share on account of accum¬ ulations on the 6% cumulative preferred stock was paid on Dec. 15 and the first since July 1, 1931, when a regular quarterly of $1.50 was distributed. Crandall-MacKenzie & Henderson, Inc.—Special dividend of 35c. a share was paid Dec. 21 on the no par common stock. Creameries of America, Inc.—Initial quarterly dividend of 10 c. a share and an extra dividend of 15c. a share were paid Dec. 21 on the common stock. Ltd.—Extra dividend of 75c. a share on the no par common stock, payable Feb. 1, next. Canadian Dredge & Dock Co., Ltd.—Extra dividdend of $1 a share on the no par common stock, payable Jan. 2. Canadian Industries, Ltd.—Dividend on the class A and class B stock increased from $1.25 a share to $2 a share, both payable Jan. 30. Canadian (W. B.) Coon Co.—Dividend on the common stock increased form 15c. a share to 30c. a share and was payable Dec. 24. paid paid on the common s :, >'• ':):oi:'/" • Cream of Wheat Corp.—Dividends of 25c. a share and 50c. a share were declared on the capital stock, payable Dec. 21 and Jan. 2, respectively. Crum & Foster, Inc.—Special dividend of 45c. a share on the $10 par stock, payable Dec. 24 and a quarterly of 25c. a share, payable A regular quarterly of 20c. a share was paid Oct. 15 last on common Jan. 15. this issue. Cruni & Forater Insurance Shares Corp.—Special dividend of 50c. a share on the class A and B common stocks, paid on Dec. 21.s Crystal Tissue Co.—Dividend of 60c. a share was paid Dec. 19 on the no par common stock end compares with 10^. a share paid on June 10, 1935. ^ Davega Stores Corp.—Semi-annual dividend on the $5 par common stock, increased from 15c. a share to 50c. a share, payable Jan. 2. Carpel Corp.—Extra dividend of 50c. a share was paid Dec. 19 on the no par common stock. Carriers & General Corp.—Dividend of 15c. a share was paid Dec. 24 Dejay Stores, Inc.—Extra of 30c. a share and a regular quarterly dividend of 20c. a share on the $1 par common stock, both payable Jan. 2. 9n the common stock. Carthage Mills, Inc.—Dividend on the no par common stock from $1 a share to $1.25 a share, payable Dec. 24. De increased the Corp. of America—Dividend of $1 a share was paid on the stock on Dec. 23 and compares with an initial disbursement of share made on this issue on April 15, last. common 50c. a Central . Fire Insurance Co. of Baltimore—Dividend on the capital became payable stock increased from 25c. a share to 50c. a share and on Dec. Central 28. $1.75 Power Maine payable Jan. per Co.—The following dividends were 1: share on the 7% cumulative preferred stock (par declared $100). §1.50 per share on the 6% cumulative preferred stock (par $100). 1.50 per share on the $6 cumulative preferred s>ock (par $ i uO). Payments at one-half of the above rates were made in each of the nine preceding quarters. Central Power Co.—Dividends of $1.34H a share on the 7% cum. pref. stock and $1.12 H a share on the 6% cum. pref. stock, both payable Jan. 15. In preceding quarters 87Hc. a share and 75c. a share were paid respectively on the above issues. Century Electric Co.—Dividend of $3 a share was paid Dec. 21 on the common stock and compares with 50c. a share distributed on Oct. 15 and July 15, last. \" . . Century Shares Trust—Special on each participating share. dividend of 10c. a share was paid Dec. 24 I • Chain Belt Co.—Special dividend of $1.10 a share was paid Dec. 21 on the no par common stock and compares with 62Hc. paid on Nov. 16 and Aug. 15, last. Co.—Dividend of 10c. a share was paid Dec. 22 on stock, the first since Oct. 15,1935, at which time 5c. Chapman Ice Cream the no par common a share was distributed. Co.-4-Extra of $1 a share and a larger quarterly both payable Jan. 2. Divi¬ share were paid in previous quarters. Long Hook & Eye dividend $1.25 a share on the common stock, (A. M.) Castle & Co.—Extra dividend of 75c. a share was paid on $10 par common stock on Dec. 21. Celanese De Laval Steam Turbine Co.—Dividend of $8 a share was paid on the common stock on Dec. 21. dends of 75c. a Denver Union Stock Yards Co.—Dividend oh the increased from 50c. a no par common stock share to $2.50 a share and became payable on Dec. 21, last. Detroit Gasket & Mfg. Co.—Extra dividend Dec. 21 on the common stock. of 25c. a share was paid Detroit Gray. Iron Foundry Co.—Extra dividend of 60c. a share and a regular semi-annual disbursement of 10c. a share were made on the no par common stock on Dec. 21. ^ Co.—Dh&dend of $1 a share was paid Dec. 21 on capital stock and compares with 25c. a share paid on Sept. 30 and July 10 last. . Detroit Steel Products the no par Devoe & Raynolds Co., Inc.—Extra dividend of 25c. a share and a quar¬ terly of 75c. a share on the no par class A and B common stocks, all payable Jan. 1. Dividends of 50c. a share were paid in each of the three •S"preceding quarters. •.«, .. ;/"/ , . , Dewey & Almy Chemical Co.—Dividends of $1 a share were paid Dec. 15 on the common and class A stock, the first distributions made during 1936. Diamond Shoe Corp.—Extra dividend of $1 a mon stock on Dec. 22. share was paid on the com- (Joseph) Dixon Crucible Co.—Dividend on the capital stock increased from $1 a share to $2 a share, payable Dec. 23. Dodge Mfg. Co.—Initial dividend of 25c. a share on the common stock, -7 payable Jan. 11. Driver-Harris Co.—Extra dividend of 50c. $10 par common Durham-Duplex stock. Razor ' a share was paid Dec. 24 on the ) Co.—Special dividends of 10c. a share on the Participating preferred and class A and B stock, all were payable on )ec. 15. Jan., 1937] MONTHLY General Investors Trust—Dividend of 40c. Duff-Norton Mfr. Co.—Dividend on the common stock increased from 25c. a share to 35c. a share, payable Dec. 21. the shares of beneficial interest, par a share made on May 1 last. the capital stock increased from 50c. a on share to 40c. a on the $10 par common stock was in¬ share and became payable Dec. 19 last. General Stockyards Corp.—Special dividend of $1 a share was paid on Steamship Lines, Inc.—Dividend of 60c. share a a share was paid on Dec. 24, the first since July 1, 1932, when 12Hc. distributed. stock common was a & share Howard Management Fund "F"—Special paid Dec. 21 on the company's stock. was the on Easy Washing Machine Corp.—Extra dividend of 12 He. no par class A and B common stocks, payable Dec. 26. Eaton share on the a , ,, Drug The dividend is for the period from Nov. 1,1934 to Feb. 29,1936, incl. General , General Water, Gas & Electric Co.—Dividend of 50c. a share was paid on the $1 par common stock and compares with an initial dividend of -..P'YY/Y 37He. a share on the no par common stock, payable Jan. 20, and com¬ with 30c. a share distributed on Oct. 20 last. 2c. a share to 3c. (Thomas A.) Dec. 15 a share to 37 He. a 25c. paid on Dec. 30, 1935. Y,:YYY/■/■' Y'(A. C.) Gilbert Co.—Dividend of 62Hc. a share was paid Dec. 24 on the common stock, the first since Feb. 16, 1931, at which time 25c. a share on Edison, the on stock. stock on a one of 30c. share a no par com¬ pref. stock and share a Goldblatt Bros., Inc.—Extra dividend of 50c. common stock Dec. 26 last. » the 5 H% cumul. on of $1 a share on the new common stock paid one Dec. 20. quarterly of $1 a a share and share were paid on the no par common stock on Dec. 21. Electric Power Associates, Inc.—Dividend on the class A and common stocks increased from 10c. a share to 15c. a share, both payable Dec. 23. Elgin National Watch Co.—Dividend 50c. a common stock on since 1930. ers Dec. 24 and the first to be made to Y on of accumulations Dec. 16 on on account (W. T.) Grant Co.—Special dividend of $1 stock, payable Jan. 1, 8 Ely & Walker Dry Goods Co.—Extra dividend of $1 Great Lakes common Emerson share a Drug Co.—Extra dividends of 40c. share a Great Lakes the class A and on common - , Employers' Group Associates—Special dividend of 25c. YYno par capital stock, payable Dec. 19. a share - no par common stock, payable Dec. 21. Excelsior Insurance Co. of N. Y.—Dividend of 15c. a share was paid Dec. 31 on the common stock, the first since April 1, 1931, when a like Bearing Co.—Extra dividend of $1 on share a a paid was Hale share both paid were the on a no share a paid was (M. A.) common the Forge Co.—Dividend of 75c. share was paid Dec. 18 share paid in 1935. a stock and compares with 25c. a Knitting Mills Co.—Special dividend of 62He. no par common stock share a Fidelity & Deposit Co.—Extra dividend of $1 the par common stock. also paid. no was share a \e share was paid " > - on no par common on stock, payable in December. a share was 8 share was stock. An extra of 25c. common 28 last common stock on Y share of $1 the stock. common Hercules Powder Co., paid share ' on the f 1 - a share was • common ; paid on Dec* - on the no Inc.—Year-end dividend of $2 stock on Dec. 21. par common Hershey Chocolate Corp.—Extra dividend of $1 ( a share was paid share and a regular quarterly of like amount were declared on the convertible preference paid also was on a Y Hercules Motors Corp.—Extra dividend of 75c. a share was paid Dec. 24 on the no par common stock. share was paid was paid Dec. 24 on the a Chocolate Corp:—Extra dividend of 60c. a share was paid Dec. 22 on the no par common stock. /, < Hershey Creamery Co.—Semi-annual cash dividend of $3H a share on Hershey 264,888 stock outstanding on Dec. 21. par common stock and one the j stock, both payable Feb. 15. a a a share share on , on the the preferred and $2 a share on common the latter payable in 7% $100 par preferred stock; both dividends were payable Dec. 21. Hinde & Dauch Paper Co. of Canada, Ltd.—Dividend on the no par Dec. 15 last. Foreign Bond Associates, Inc.—Extra dividend of $1 on ' (George W.) Helme Co.—Extra dividend of $2 a share and a quarterly of $1.25 a share on the common stock, par $25, both payable Jan. 2. Yr/ Dec. 1 last. (The) Foote-Burt Co.—Dividend of 40c. no a '' (Walter E.) Heller & Co.—Extra dividend of 5c. ^ - Florence Stove Co.—Dividend of $4.25 shares of t v _ Heidelberg Brewing Co.—Initial dividend of 5c« $1H Dec. 22. ' the 5 \ (M. H.) Fishman Co., Inc.—Extra dividend of 50c. on a share was paid Dec. 23 on the This compares with 25c. a share distributed on Hawaiian Agricultural Co.—Extra dividend of $1.40 a share was paid on the $20 par common stock on Dec. 15. First National Stores, Inc.—Special dividend of $1 Dec. 21 on the no par common stock. this issue Hanna Co.—Dividend of 50c. Hawaiian Electric Co., Ltd.—Extra dividend of $1.50 a share was paid on the $20 par common stock. a share was paid. on share was paid p p, •/ the share to $2 a share, payable paid a :• ///7 Y/Y share was paid Dec. 22 on On Dec. 10 last a dividend of $2.50 a share a Filtrol Co. of Calif.—Stock dividend of 100% ordered by the board of directors of the company was announced on Dec. 1 by the President. First Boston Corp.—Dividend on the capital stock increased from Dec. 28 the HO Haverty Furniture Cos., Inc.—Dividend on the common stock increased Y from 20c. a share to 25c. a share and became payable on Dec. 22. share on the capital stock in addition to a semi-annual of 80c. a share, both payable Jan. 11. Previously a regular semi-annual dividend of a Stores, Inc.—Extra dividend of 25c. the common stock. This was the first disbursement on the issue since 1933. increased was ' a a on Hart & Cooley Co.—Extra dividend of $5 a share was paid in December last. pfppppprpptypppp YYYRYYY YYY:Y'. Yv ////•. Y:vYY Hathaway Bakeries, Inc.—Dividend of $1.75 a share was paid Dec. 22 on account of accumulations on the $7 cum. pref. stock of no par value. paid was Fidelity-Phenix Fire Insurance Co.—Special year-end dividend of 20c. 60c. share Harding Carpets, Ltd.—Dividend of 10c. a share on the no par common stock, payable Jan. 2. An initial distribution of 5c. a share was paid on Aug. 1 last. * ' r r yp \ on Dec. 31* Fidelity Fund, Inc.—Extra dividend of 30c. < a • Fiberloid Corp.—Dividend on the no par common stock from $2 a share to $2.50 a share, payable Dec. 21. on on Oct. 31 last. Dec. 21. on Feltman & Curine Shoe Stores Co., Inc.—Initial dividend of $1 was paid Dec. 26 on the common stock. capital stock // Sugar Co.—Special dividend of $1.30 stock, payable Jan. 25. par common stock. no Federal Bake Shops, Inc.—Initial dividends of 50c. a share on the new common stock and 75c. a share on the 5% pref. stock, both were payable ;,Y:Dec. 31. '• v.-V;, ..:• •'YY^vYY/Y YY/YY the Cy/yYY'/YYY/.. , ■ Federal Asphalt Products Co.—Initial dividend of 5c. Dec. 22 on the $1 par common stock. on the Haloid Co.—Extra and regular quarterly dividends of 25c. a share were paid on the $5 par common stock on Dec. 21. £,Y: YY Y Hammond Clock Co.—Dividend of $2 per share on the common stock was paid Dec. 16. The common stockholders had the option of being paid in cash or in 6% cum. conv. pref. stock. The last previous payment made on this issue was the 50c. dividend paid on Jan. 15, 1931. ///Vo/li on Federal < Brothers Dec. 21 share and regular par common stock Famous Players Canadian Corp., Ltd.—Dividend of 60c. a share on the no par common stock was paid Dec. 22 last and the first since April 27, 1935, when 50c. a share was distributed. : Federal Drop on Publishing Co.—Dividend of $10 a share on the capital stock, payable Jan. 2, and compares with $6 a share paid on Jan. 2, 1936. the $25 on Dec. 15. Fairbanks, Morse & Co.—Extra dividend of 50c. quarterly of 25c. Dec. 21. Yv share was paid Dec. 15 a the first payment made on this issue since Decem¬ was Guenther amount was distributed*' stock share Was Greif Bros. Cooperage Corp.—Dividend of $2.80 a share was paid on the $3.20 cum. class A common stock of no par value on Dec. 22. This compares with one of 50c. a share on Oct. 1 last. //// Y/Y;./ , par common Towing Co.—Dividend of $1 par common share, was paid Dec. 23 on the outstanding common stock of the corporation. 1 ■ a Fafnir /*/■, ./ a the $10 par common stock. Great Western Equity Corp.—Initial and special dividend of $1,239,157, equivalent to 25c. the no par common on Great Western Electro Chemical Co.—Dividend of $1.60 a share on the no par common stock was paid on Dec. 24 and compares with 80c. a share distributed on Nov. 14, last. :Y,YYY;YY-Y/;/:>/.//; ;■ P-'% , Emsco Derrick & Equipment Co.—Extra dividend of 12 He. a share on the on stock and ber, 1931. the on . share Engineering Works—Special dividend of 50c. paid Dec. 21 stock, payable Jan. 15. class B stocks were paid on Dec. 18. a a , the on , share was paid the 7% cum. pref. stock. / Elizabethtown Water Co., Consolidated—Semi-annual dividend on the capital stock increased from $2.50 a share to $3 a share, payable Dec. 24. , stockhold¬ common , Goodyear Tire & Rubber Co, of Calif.—Dividend of $9 the capital stock increased from share and became payable Dec. 15.; share to $1.25 a share was paid on the a Goodall Securities Corp.—Extra and quarterly dividend of 50c. a share were paid on the no par common stock on Dec. 1. (B. F.) Goodrich Co.—Special dividend of $1 a share was paid on the Electric Controller & Mfg. Co.—Special dividend of $2.50 a , , Godchaux Sugars, Inc.—Dividend on the class A stock increased from 50c. a share to $1 a share, payable Jan. 1 next. Edwards Mfg. Co.—Dividend of $5 a share was paid Dec. 15 on the com¬ mon stock, the first since Feb. 1,1926, when $2 a share was distributed. Egry Register Co.—Initial dividend of $1.37 H , ( Nov. 30 last. on , Co.—Special dividend of 25c. a share and a dividend of like (or 50c. a share) on the common stock; both were paid Dec. 24 and were the first disbursements made since July 31, 1929. Glen Alden Coal Co.—Special dividend of 50c. a share was paid Dec. 23 on the no par common stock, amount share was paid a share was paid on the was distributed. Y7 Gilchrist >< , , Dec. 20 in addition to i the common stock increased from Inc.—Special dividend of $1 common Eddy Paper Corp.—Dividend of 20c. mon the no par common stock share, payable Dec. 24. on share, payable Jan. 1. ' a . the Inc.—Quarterly dividend of Stores, Corp., Ltd.—Dividend Telephone Corp.—Dividend on the common stock increased a share to 85c. a share, payable Dec. 21. Y-:■ p, from 25c. pares increased from 25c. Dec. 21. on General Time Instruments Corp.—Special dividend of 50c. a share was paid Dec. 24 on the no par common stock. Economy Grocery Stores Corp.—Dividend Ecuadorian stock common General Telephone Allied Corp.—Dividend of $8 a share on account of accumulations on the $6 cum. pref. stock of no par value, payable Dec. 22. dividend of $2.25 Eaton Mfg. Co.—Special dividend of $1 a share was paid Dec. 22 on no par common stock. Economical-Cunningham distribution Oct. 1 last. on . the a General Refractories Co.—Dividend of 50c. a share was paid Dec. 29 on the no par common stock and one of $1.25 a share on Dec. 15 last. Eastern Magnesia Talc Co., Inc.—Extra dividend of 50c. a share was paid Dec. 21 on the common stock. \ ; Eastern with compares General Printing Ink Corp.—Dividend of $2.50 a share was paid Dec. 23 on the no par common stock. This compares with $1 a share distributed ehare to $1 a share, payable Dec. 31. Eagle Picher Lead Co.—Dividend a share was paid Dec. 15 on a $1, and of 8c. Dwight Mfg. Co.—Dividend creased from 10c. 17 REVIEW a share was paid Dec. 21. . common Fourth National Investors Corp.—Dividend on the $1 parlcommon stock increased from 70c. a share to 90c. a share, payable Dec. 23., Fuller Mfg. Co.—Initial dividend of 5c. a share and an extra dividend of 10c. a share on the common stock, both payable Dec. 24. , Fundamental Investors, Inc.—Dividend on the $2 par capital stock increased from 60c. a share to $1.75 a share, payable Dec. 21. Fuhrman & Schmidt Brewing Co.—Initial dividend of 5 cents was paid Dec. 21 on the common stock. a 12Hc. a share to 25c. a share and was Hollinger Consolidated Gold Mines, Ltd.—Extra dividend of 10c. Y share was 5c. a paid share on a on the capital stock on Dec. 31 last, in addition to one of Dec. 1 of the same year. ;y, Holly Sugar Co.—Dividend of $2 a share on the common stock, payable Feb. 1, and compares with an extra of 75c. a share and a regular of 50c. $ share distributed on Nov. 2 last. share Garlock Packing Co.—Extra dividend of 37Hc. a share was paid on the no par common stock on Dec. 24. .*■ stock increased from payable Dec. 21. , Honolulu Plantation //Dec. 15 on Co.—Extra dividend the $20 par common stock. of 50c. a share was paid ' t . Gar Wood Industries, Inc.—Dividend on Hoover Ball & Bearing Co.—Dividend of 60c. a share was paid Ott the common stock on Dec. 2 and compares wi th 30c. a share paid on Dec. 1 the $3 par common stock in¬ creased from 25c. a share to 30c. a share and became payable on Dec. 21, Gellman Mfg. Co.—Initial dividend of 10c. a share and a special of 5c. a share were paid on the common stock on Dec. 23 and Dec. 31, respee- and Nov. 2 last. /'//.. Horn • ', & Hardart Co. increased from 40c. (N. Y.)—Dividend a on the no par common stock share to 50c. a share, payable Feb. 1. , , tively. ;;Y YYoY/ ,'YYYYYY'Y >■:'y-v.VV"-'..-''--.'.-?/-.j?,v Co., Inc.—Dividend of 75c. a share was Hoskins Mfg. Co.—Extra dividend of $1.25 a share was paid Dec. 26 on the Said Dec. 19 on the common stock, the first cash distribution to be y the present company. j Howe Sound Co.—Extra dividend of 75c. General American Investors «■ -- •: made General Baking Co.—Extra dividend of 35c. a share and a regular quar¬ terly of 15c. a share on the $5 par common stock, both payable Dec 21. The customary date of payment is Feb. l.Y:,/, v/Y -Y/-Y i ; f General Box Corp.—Dividend on the new capital stock was increased on Dec. 15 from an initial payment on Nov, 16 last by 5c. a share to 8c. //•a share. r;-:'Y General Candy Corp.—Extra dividend of 75c. a share on the n.ia«a a stock, payable Dec. 21. < \ . §: General Capital Corp.—Dividend of 95c. the capital stock. a share was paid Dec. 26 on -? General Fireproofing Co.—Extra Dec. 24 on the common stock. no par common of 30c. a share was '•* ; - - J //"•'//v.:/ share a was zYY;YYY! Y/YY 'Y'YY paid Dec. 23 < • on \ the „ Hussman-Ligonier Co.—Initial dividend of 68Mc. a share on the new 5H% conv. pref., payable Dec. 31, and an extra of 25c. a share on the no par common stock, payable Dec. 23. YYYYYYYY!Y/;'{;:Y Yy/YY/Y;; Hutchinson Sugar Plantation Co.—Extra dividend of $1 a share was paid Dec. 15 on the $15 par common stock. Huttig Sash & Door Co.—Initial dividends of 40c. a share on common and $1.75 a share on the new 7% pref. stock was paid Dec. 26 last, thus clearing up all accruals on the preferred stock. Illuminating & Power Securities Corp.—Special dividend of $1 a share was dividend YY/YYYYv stock. Y $5 par common stock. paid Dec. 18 on the common stock. paid [ {Continued on page 53) ., / - r New York Stock 111 ISl RANGE OF BOND PRICES Bond Sales 1936 December. „ — Jan. 1 to Dec. 31.. Exchange MONTHLY AND YEARLY RECORD $355,8791000 3,576,874,000 DURING 1935 $314,429,000 3,339,458,000 I DECEMBER 1936 Stock Sales 1 December. Jan. 1 to Dec. 31 .............. Shares 48, 496, NOTICE—Cash and deferred delivery sales are disregarded in the month's range, unless they are the only transactions of the month, and when range are shown in a footnote in the month in which they occur. No account is taken of such sales in computing selling outside of the regular monthly the range for the year. The tables < > pages 18 to 40 furnish a complete record of the transactions on the New York Stock Exchange during Dec., 1936, and the range for the year 1936. They need no extended introduction, as they areself-explanatory. The tables embrace every security dealt in on the Exchange. We give bonds first, using the classification adopted in the official list* on The black-faced letters in the column headed "Interest Period" indicate in each the month when the bonds mature. case In accordance with the rule adopted by the New York Stock Exchange in 1909, all quotations for interest-paying bonds are at a price to which accrued interest must be added. The exceptions to the rule are income bonds and bonds on which interest is in default. This method of quoting bonds became effective Jan. 2,1909. Quotations after decimal point repre¬ sent one or more 32ds of Sales for point. a RANGE FOR BONDS 12 Months N. Value EXCHANGE Y. STOCK Lowest Highest Sale Priest Sale Prices 121.6 Registered..... Treasury 4s.........Dec 15 1944-1954 Deo. 21 121.28 Dec.; 14 115.3 1036 Highest Sale Prices U S GOVERNMENT BONDS Treasury Oct 15 1947-1952 Registered... Treasury 3% a ..Oct 15 1943-1945 YEAR Lowest Sale Prices, i Jan. 27 121.28 Deo. 14 Sept. 28 121.13 27 110.16 Dec. 1 Dec. 3 3 110.11 Dec. 4 121.5 Dec. 24 121.13 Dec. 1 118.26 109.17 Dec. 28 110.16 Dec. 3 105.24 Jan. 109.23 Deo. 18 110.11 Dec. 4 105.28 Jan. 115.17 Dec. 24 116.9 Dec. 8 111 Jan. Dee. Jan. 24 114.10 Oct. 109 ..... 2 116.9 111 :- Registered....... Treasury 3^g Mar 15 1946-1956 Registered Treasury 3K* June 15 1943-1947 Registered........... ...... Treasury 3s Sept 15 1951-1955 Jan. 27 114.20 Dec. 8 21 8 ' ....... 5 114.2 Registered.... . 16749 Deo.~28 16§7l6 Dec.""8 Jan. 4 109.7 102.20 Jan. 27 106.20 Dec. 31 Jan. 21 106.3 Nov. 18 102.29 Jan. 27 108.7 6 114.13 Nov. 19 Feb. 107.19 Feb. Oct. 27 108.20 108 l07!lf Dec"."22 io8j" Dec""5 Jan. 2 109.23 3 109.6 108.2 - Feb. 1 109 Sept. 11 Mar. 20 Mar. 6 Mar. 5 Nov. 18 Sept. 15 103.24 Dec. 7 21107.2 Oct. 15 Jan. 27 108.17 Nov. 18 108.5 Apr 15 1944-1946 Dec. 30 108.5 Dec. 30 108.6 Jan. 27 109.25 Nov. 19 108.24 .. Treasury 32$9 Registered Treasury 2J$s.. 27 109.3 Jan. 103.19 Treasury 3 K s...i...Dec 15 1949-1952 j^Registered. Treasury 3^s Aug 1 1941 Registered..................... Jan. 104 Registered. Jan. 7109.5 Sept. 15 27 110.15 105.12 Feb. 24 110.11 Dee. Dee. 100 Registered Jan. 107.12 ..Mar 15 1955-1960 Jan. 2 104.20 Dec. Dec. 7 Dec. 12 99.31 7 7 31 Jan. 8104.15 100.31 Jan. 101.7 Jan. JSept "l51948-1951 2 106.27 11 106.19 Dec. 11 101.7 Mar. 16104.18 Nov. 30 ::;::;;;iV5i:i954 100723 July 101.12 Aug. 11 101.12 Aug. 11 100.30 Sept. 25 103.2 Deo. 31 Treasury 2%e. 15" 1945-1947 Sept Registered Treasury 2$*s_( Registered.. Treasury 22$ 8-. Registered 8 107.29 Dec. 31 Treasury 3Hs.......Mar 15 1941-1943 Registered. . ....... Treasury 32$*—June 15 1946-1949 . 2 111.3 103.12 Dec. 23 106.20 ......... . Dec. 106.17 Treasury 3s.......June 15 1946-1948 ■y Registered..................... Treasury 39$-——June 15 1940-43 - Nov. 23 Jan. 103.5 105.28 ............... Registered....... Nov 23 114.2 106.17 ............. I _. Treasury 2 2$ 8 Sept 15 1956-1959 "l7 103J3" Dec.~31 Registered........ Treasury 2 9$s. ............ 165724 Dec"~22 i0U5 Deo""31 -1949-1953 Federal Farm Mortgage Corp— 32$ s Mar 15 1944-1964 106.18 Dec. 19 105.31 Dec. 4 l04~26 Deo. 22 105713 Dec. si Registered... 3s May 15 1944-1949 Registered.... 3s Jan 15 1942-1947 10503 Dec.'ll 105721 Dec." 30 Registered... 2%a Home Owners 3s a 103729 Deo"" 18 104714" .........Mar 1 1942-1947 Dec. 31 Mtge CorjH- Series A May 1 1944-1952 Registered..* 2%» Series B Aug 1 1939-1949 Registered ' 2%a series G._ 1942-1944 FOREIGN GOVT. Ac MUNICIPALS Agricultural Mtge Bank (Colombia)— ♦S f 6s Feb 1935 coupon on 1947 F A ♦S f 6s Apr 15 1935 coupon on..1948 A O Akershus (Dept) extl 5s 1963 M N ♦Antioquia (Dept of) Col 7s A...1945 J J 16H 102$ 98 19 19 Sale 20% Sale 21 % Sale 977$ 99 9% Sale 9H Sale 9 10 26 ,23 98 18^ 19 19 9% 10 19 9 9% 16 9 9% 1571 9% 9% 15% 97 Sale 982$ 1027$ Sale 102 Argentine Govt public works 6S.1960 A O 7% Sale 7% 8% 7% 8% 77$ Sale 7% 8% 77$ 8% 7H 10 98 100% 98% Sale Argentine Nation (Govt of)— Sinking fund 6s of June 1925..1959 J D 987$ Sale 1027$ Sale 102 98 % 102 % Sale Sale 267$ Sale 20 Sale Sale 102 'External s f 7s ser B 1945 J J ♦External s f 7s ser G 1945 J J ♦External sf7t sei D 1945 J J 1957 A O ...1957 A O 1957 A O j. ♦7s 1st series ♦7s 2d series...... ♦7s 3d series.. Antwerp (City) extl loan 5s 1958 Extls i g 6s of Oct 1925 Sinking fund gold 6s External 1st Exrl s f 6s of External s t f 6s ser ser 1959 A O A....1957 M S B —...1958 J May 1926 Extl s t 6s (Sanitary PubUc Works ext s Worki>+..1961 F A f g 6s..May 1961 M N Public Works ext s f 5 V(i.. For footnotes see page 30 D _1960 M N 1960 M S f 6s (State Ry) . .1962 F A Sale 987$ Sale 98% Sale 98% 98% 98 % Sale 987$ Sale 982$ 982$ 95% Sale 10221 Sale 1022$ Sale 102% Sale 102 % Sale 102% Sale 102% Sale 102% Sale 10173 101 % 102% 102 Sale 20% Dec. 21 % Dec. 98 4 1 Dec. 14 9% Dec. 9% Dec. 9% Dec. 2 4 26 Dec. 24 252$ Dec. 23 98% Dec. 22 2 Dec. 28 8 4 21% Dec. 24 2154 Dec. 28 22 Dec. 28 Dec. Dec. 3 3 18 18 Dec. 2 9% Dec. Sale 9 Sale• 9 Sale 9% 99 962$ Sale 102 18 Dec. 28 Dec. 2 982$ Dec. 29 Dec. 191022$ Dec. 8 102% 102 Dec. 281025f Dec. Dec. 28 Dec. 28 1 102 Sale Sale Sale Sale 102 2$ Sale 1022$ Sale 102% Sale 106 Nov. 19 103.31 Dec. 28 102 % Dec. 4 101 % Dec. 30 102 % Dec. 3 101 % Dec. 31 10221 Dec. 1 102 Dec. 24103 Dec. 11 1012* Dec. 30 102 % Dec. 2 102 % Dec. 8 1022$ Dec. 14 102% Dec. 23 1022$ Dec. 6 1012$ Dec. 301022$ Dec. 7 Mar. 105.13 Deo. 31 104.18 Nov. 17 105.21 Deo. 30 6 104714 Deo~."31 N. T. STOCK EXCHANGE-BONDS Jan., 1937] Sales for 12 Months Value 270,000 1,049,000 of 1928 1,465,000 1,164,000 319.000 433,000 638,000 2,523,000 5,027,000 4,803,000 ♦Extl s f «%a of 1937..:».:-..1957 2,006,000 ♦Gent Ry 30-year g 7s.. ^--1952 949,000 Brisbane (City) s f 5«_.. 1'59 ; 834,000 Sinking fund gold 5s .........1958 252,000 20-year e f 6s..—1950 Budapest (City of)-— y ■; v 356,000 ♦6s June 1 1935 coupon on..—1962 716,000 Buenos Aires (City) 6)4 s B 2 1955 : 120,000 External e f g 6a eerie*, C-2 Apr 196S • 393,000 External a . 22% Sale 22 ♦S f 7%z May coupon Sale Sale Sale 3454 Sale 34% Sale 3554 Sale 103% Sale 103% Sale 105% Sale 115% Sale 97% 100 91% 92% 65 55 70 Sale 55% Sale 114% Dec. 51% Sale Sale 34% Dec. Sale Sale 44% Dec. ? 1 34% Dec. 7 Sale 23% 40$ 41 99 20 Sale 100% IW 91 Sale 31% Sail u-r- 80% 85 73% Sale 7454 Sale 78 56% Sale 13 off....—1968 13% 17% Dec. 2,122,000 ,1,854,000 2,035.000 118,000 362,000 563,000 4s..—.—..I960 30-year gold 5s..»---—---1952 10-year 2Xa.......--.-Aug 15 1945 25-year 3%a. ..............---1961 Canada (Bom) Gold ♦Carlsbad (City) s A O 106% Saie M N 112% Sale F A 96% Sale J 1960 ♦Farm loan s f 6s—.........I960 ♦Farm loan 6s series A .1938 1,026.000 782,000 20 31 ♦Chile Republic exts f g 7s—...1942 4,534,000 ♦External sinking fund g 6a —1960 2,532,000 ♦External S f goldis 1961 3,341,000 ♦Ry ref extl s f g gs&SjQ.J«n 1961 1,850,000 ♦Extl s f 6e Int ctfs—/.—.Sept 1961 863,000 ♦Extl sinking fund 6s—.. 1962 ♦External sinking fund 6s— .1963 2,466,000 1,350,000 ♦Chile Mtge Bank of gu s f 6 %• 1957 ♦Guar a f gold 6 Ms...... ..... .1961 910,000 1,426,000 ♦Guaranteed s f gold 6s—.—.1961 ♦Guaranteed sinking fund 6s. 1962 1,183,000 887,000 ♦Chilean Munlc Loan 7s 1960 ? 115.000 ♦Chinese Hukuang Ry 5s... .1951 J D ♦5s Coupon No. 38—.—...—1951 ♦Cologne (Germany) s f 6 He 1950 Colombia (Republic of)— 4,309.000 ♦6s April 1 1935 coupon onOct 1961 2,956,000 ♦6s Jan 1 1935 coupon on. Jan 1961 f 175,000 ♦Colombia Mtge Bank 6)<s 1947 358,000 ♦Sinking fund 7s of 1926 1946 140,000 ♦Sinking fund 7s of 1927 1947 1,797,000 Copenhagen external 5s*.......1952 Gold 4)4®-.......-..........-1953 1,736,000 1942 y.: 610.000 Cordoba (Prov) Argen 7s : Dec. 31 Dec. 1 Dec, 2 Dec. 1 Dec. 1,891,000 Denmark 20-yr external gold 6s External g 5 Ma 2,084,000 External g 4%a 4,389.000 Deutsche Bank Am part 64,000 825,000 331,000 314,000 110,000 fl 4 ' 487,000 287,000 458,000 421,000 1,337,000 353,000 723,000 630,000 6,463,000 Sale Sale 29 Dec. 32 Dec. 29 1 Sale Dec. 31 20 19% Dec. 31 19% Dec. 31 19% Dec. 31 14 Dec. 31 Dec. 31 Dec. 31 Dec. 31 16% Dec. 31 51% Dec. 29 17 17 17 17 y Sale 12% Sale 49 ..... 27% Sale 24 Sale 50 24% 23% Sale Sale 20 y 23 21 Sale 23 23: 93 Sale 87% 75 * 89 77% 22% Jan., 22 31% 31% 23% 23% 22% 99% 98% 100 20% 23 99% Sale 97% 98 91% Sale 3 Jan. . 41% 104% 104% 105% 21% Jan. 95 Jan. 95' ' Jan. 101 % Feb. 25 95 93 24 102% Dec. 10 21 101% Dec., 15 Nov. 25 < 8 10.1 92% Jan. 70 Jan. 55 Dec. 31 31 31 12 13 14 38% Jan.'17 July 20 Jan. Jan. Dep. Dec. Dec. Nov. Nov. Nov. Dec. 11 3 100 2 86% Dec. 14 Dec, 14 Jan * 2 Dec. 17 Apr. 18 Dec. 17 Feb 18 May 6 ou?4 Dec. 16 May 7 83% Dec . 17 Dec. 18 Apr. 21 67 Jan. 55% . 2 14 25% Deb. 28 23% Dec. 30 8 Dec. 31 Dec. 31 Dec. 9 Dec. .9 10 .12% Sept. 5 13 16% Sept. 9 2 .01% Nov. 30 11 .04% Nov. 20 Dec. 12 6 50 26 42% Sept. 21 2 8 36% Oct. 105% 111% 96 % 9954 32 % Jan. Mar. Jan. Apr. July 29 May 25% Dec. Dec. 14 8 36 Sept. 21 39% Oct. >2 Jan. 25 21% Dec. 31 20% Dec. 31 26% Dec. 14 1354 13% 1354 1354 1354 14 Jan. 2 Sept. 29 Jan. 2 Sept. 29 Jan. 2 14 Jan. 2 12% Feb. 7 12% Jan. 16 19% Dec. 31 20 , 19% Dec. 31 19% Dec. 31 17Dee. 31 12 May May Jan. Dec. 31 2754 Mar. 21 10 19 » 17 ; Dec. 30 Dec. 1 Dec. 14 92% Jan. Dec. 14 3 Dec. 31 Dec. 9 Dec. -9 Dec. 30 70% June -^3 Nov. 18 3| Dec. 16 88% Jan. . Dec. 31 8 5 3 17% Jan. 17% Jan. Dec.'31 16% Dec. 31 53% Sept. 18 42 July* 21 40% July 7 42 July 21 19% June 15 19 Dec- 31 17 3 11% Jan. • 17; 17 June 15 Jan. 14 12 Dec. 31 19% Dec. 31 14 Dec. 14 (Republic)— 952.000 ♦7s Not 11932coupon on......1951 199,000 Cuba (Rep of) 5S of 1904 .......1944 1,440,000 5s ext debt Set A of 1914 1949 791,000 4Ms external loan....**—...1949 1953 311,000 ♦Public Works 5%«...June 30 1945 16,771,000 643,000 Czechoslovak (Rep of) extl 8s... 1951 294.000 Sink fd 8s set B..............1952 , 50 36% 32% Dec. 1 Dec. 2 Dec. 8 Dec. 2 Dec. 12 Dec. 2 Dec. 1 15% Sale 13% 14 13% 14 13% Sale . 98% Feb. 11 103% Aug., 14 9054 May 9 100 Sept. 24 20 % Dec. 29 32 Jan. 9 Nov. 9 (05 Aug. 21 110 Feb. 27 101% May 15 109 109 Mar. 14 11854 July. 8 97% Oct. 16 102% Mar. 30 Jan. 18 19 May 23 19 Jan. 28 May 26 Dec. 31 27% Jan. 3 ■ 15% Sale 15% Sale 15% Sale • Rica 50 2 111% Nov. 16 2 111% Nov. 16 104% Jan. 13 ..Jan. 13 Jan. y:-•••v-.'-.'H 21% Dec. 31 20% Dec, 31 19% Dec. 31 15 54 , 237.0$ 3 Dec. 11 Dec. 14 Dec. 14 Dec. 17 104 54 Jan. 58 67% 59 % 61% 39M 111% 115% 101% 103% 15% Sale . Costa Sale 15% Sale :j 1,531,000 Sale Prices 25% Dec. 28 23% Dec. 30 58 28 37% 32% Sale 7e..—..1950 Highest, Sale Prices Dec. 17 80% Dec. 16 83% Dec. 17 Dec. 18 67 114% Sale 101% 101% 103% Sale 42 1954 f 8a ♦Cent Agrlc Bank (Ger) ♦Farm Loan s f 6s 1 1 Dec. 31 Dec. 31 41 -- 3,632,000 3 81% Sale Sale 18% Sale 20% Sale 111 4 Dec. 1 Dec. 31 101 100 86% 86% 8154 80% Sale 76 1 Dec. 28% Dec. 7 102% Dec. 10 101% Dec. 15 Sale 102% 8 Dec. Dec, 41% 102 Dec. 10 103% 102% 103 102% Sale 102% Dec. 31 103% Dec. 7 10554 104% 105% 104 28 101' Dec. Dec. 2 116% 28 102% 30 24% 29 24% 7 51% 1 41 Dec. Dec. 20 Dec. 39% Dec. 20 99 Sale 98 ♦S f 7s July coupon 942,000 Sale Sale 95 95 103% 107 f 6s series C.3..Oct 1960 588,000 Sale 21% Sale 115,000 ♦Buenos Alree(Prov) ref.ext'l s f 6s 1961 3,474,000 4♦Stamped 1,157,000 ♦6Hs stamped—.........—1961 3,510,000 Readjustment 4H"4Hs........l977 1,119,000 Refunding s f 4M*4Ms ealOefieee 1976! 399,000 Extl readjust 4%a-4%a.._..-.-1976 912.000 Extl a f 4%-4% $ bonds --^5 923,000 3% external s f 8 bonds.....—1984 Bulgaria (Kingdom of)—, f Sale L00% 28% 30 27% Sale 27 27% '■« f ! Sale Prices Dec, 2 Dec. 1 Dec. 1 Dec. 10 Sale L0854 Sale L18 Lowest Highest Ask Bid Sale Prices Sale Ask Sale 10954 110% 109% Dec. 1 110% Sale 109% Sale 109% Dec. 9 110 Sale 101% Sale 101% Dec. 31 103% Sale 97 Dec. 1 100 99% Sale 23 ' 19 20% Dec. 29 23% Sale 108% Sale 107% Dec. 8 -10% Sale 105% Sale 105% Dec. 3 105% 10454 Sale 104% Sale 99 Sale 92% 93% 3154 50 109% Sale 1954 s f 7s............1957 ♦Bavaria (Froa State) axtl6M«—1945 Belgium 25 year external IHs—1949 External a f 4s........-.-----1955 External a f 7s.. ..1955 Bergen (Norway) extl 5s......—I960 * Berlin (Germany) a f 614 s 1950 'External sinking fund tfe. 1958 ♦Brazil (U S of) external 8s..—1941 ♦Ext s f g *%« of 1920......... 1957 External g Austrian Govt YEAR 1936 RANGE FOR Lowest Dec. 31 Ask 3id Foreign Govunaiat (Continues) 3.098.000 Australia 5s of 1925... .July 15 1955 1.556.000 External loan 5s of 1927....i..lW7 4.980.000 *1.033,000 PRICES IN DECEMBER Price Jan. 2 1936 BONDS N. Y. GTOCK EXCHANGE ctfs 4s MN 33 9954 101 al05 F A 98% 101 F A 91 95% 98% 100 J .... J D 37% Sale A O al 00% Sale A O 100% 102 105 Sale 101% Sale 93% Sale 101% Sale 100% 99 Sale 100 >4 44 99 92 100 , 4 Nov. Jan. 37% Jan. 90 July 89 July Sale 98 3454 Mar. 4 3 105% Dec. 18 7 101% Dec. 1 Dec.- 11 Jan. ,15 98 Jan. 9954 Jan. 23 104% Feb. 3 103% Oct. 17 7 68% Dec.."8 Dec. 22 17 106 16 105% Feb. 25 3 106% Jan. 8 100% Aug. 27 102% Jan. Sale Sale 93% Feb. <7 5 100% Nov. 12 1932 45 . 41,106.000 ♦5%a unstamped........... .1965 2,698,000 ♦German Republic 7s stamped.. .1949 640,000 4; I: *7s unstamped ............. 1949 1# 67% 67% 63 r Sale 28 30 42 93 107 142% ' 95% Sale 26 26% 172% Sale 37 65 72 96% Sale 106% 107 34 68 Dec. Dec. Dec. Dec. Dec. Sale 129% Sale 124% 140 123% 177% 28% Sale 20% 28% 38 39% •a, <m 35 123 Sale 22 Sale 30% Sale 26 Sale Dec. 18 96% Dec. 123% Dec. 70 30 122 29 131 Dec. Dec. Dec. 29 23% Deb. 5 3 9 123% Dec. 29 19% Dec. 29 23% Dec. 18% Dec. 2ft 22 ; Dec. 26 9 Dec. Dec. 14 1 98 8 107% Dec. 28 28 24 Dec. 1 28 130% Dec. 1 8 26 Dec. Dec. 31 June 66% 61% 61% 21% 73% Sale 74% 70 74% 23% 27% 130 June 41% Feb. 93 Jan. 3 8 78 v Sept. 78 Sept. 4 3 8 '70%itMar. 26 Dec. 14 6 -98 16 109 May 27 27 9 183 122% Oct. 116% Oct. 28 172% 125% Dec. 29 190 105 18 Oct. 122% Nov. 2 30% Feb, 21 3 Sept. 12 Jan. 22 Feb. 27 Jad. 25 July 2 6 182% June 26 1 ; 48% Feb. 78% Sept, Aug. 10 May 6 May 7 26 2954 Aug. 17 19% Dec. 29 1 2 1 29 18% Dec. 29 Feb. *4 39% Jan. 23 8 *34;y.Jaa*;,24 Dec. 29 23% Dec. Bki ♦(Cons Agrlc Loan) 4%a set A. .1958 ♦Greek Govt secured 7s......... .1964 1968 •S f secured 6s. 44% Sale 28 35% 24% 26 A........1952 90% 94% 26%. Sale 23% 24% 104% ♦Hamburg (State) 6s...........1946 ♦Heidelberg (City) extl e f 7Ms.. 1950 Helsingfors (City) ext 6 Ms——1960 Hungarian Cons Municipal Loan— ♦7Ms unmatured coupons on..l945 ♦7s unmatured coupons on.. 1946 ♦Hungarian Land M.ge 7 Ma A..1961 •8 f 7Me series B ——1961 105% Sale 97 105% Sale 1962 . —— 100% 101% 97% 103 59% Sale 10 5% 106 % 98 101 1942 Republics f 0%®..... 1942 1st ser 5Hs of 1926...*..—.. .1940 .1940 2d series sinking fund §Ma ♦Dresden (City) extl s t 7s ...... .1945 El Salvador (Rep) 1st s f 8s A... .1948 ♦Certificates of deposit....... Estonia (Republic) 7s......... . 1967 Finland (Rep of) external 6s.... .1945 1953 ♦Frankfort (City of) t f 4M® French Republic 7%a stamped.. 1941 ^ 7%® unstamped............ 1941 External s f 7s stamped....... .1949 i 7s unstamped.......*-...., 1949 German Gov't International— j ♦35-year 5)4 • stamped. ...... 1965 •For footnotes, see page 102% Sale 60% Sale 27% Dec. 17 103 1955 . ♦♦Stamped extd to Sept 11935. Haiti (Rep of) 6s series Sale Sale 100 Sale Dominican German Prov Ot Communal 24% Sale M 6 30* i 28 28 27 27 34 I 35 25 Dec. 21 29 Dec. 1 30 Dec. 11 32% Dec. 28 Dec. 2 3 25% Dec. 24 99 Dec. 10 20% Dec. 22 21 Dec. 15 21 "30 " 10 Dec. 15 Dec. 3 18% Dec. 29 25 15% Dec. 14 18% Dec. 31 105% Dec. 16 105% Dec. 4 Dec. 29 21 Dec. 28 22% Dec. 2 22% Dec. 10 2254 Dec. 12 23 Dec. 14 45% Jin: Jan. June Nov. July 7 35 Dec. 21 18 Dec. 24 Jan. 9 Nov. 3154 May 14 10 100 . Nov. 16 26%iFeb. 28 24% Mar. 4 110 Mar. -3 Jad. 22 32% Jan. 3 May Aug. 30 June 25% Feb. 11 June 26 Mar/fS , ■:;< :k< 20 N. Y. STOCK Sales for 12 Months * Value N. 7. STOCK EXCHANGE $ FOREIGN GOV'T (Ceneledei) Price BONDS 1036 Bid 36 % Frw Stat* external 5a.....1940 7.062,000 Italy (Elflldsm) asternal 111 f 7a. 1951 69,000 Italian Cred Consortium 7a aer A1937 External aec a f 7a aeries B 1947 724,000 > PRICES IN DECEMBER 63 % a 1,387,000 Italian Public UtUlty a I ft 7s 3.823.000 Japanese Got extl a f ♦%» Extl sinking fund 5%s 2,881.000 Dec. 1 Ask 38 116 Sale 86 83 Bid Dec. 31 Ask 48% Ask 'Sale 50% 113 % Sale 82 120 Sale 96 % 80 Sale j ■ ♦7s Unmatured coupons on... 1957 94,000 ♦Leipzig (City) external a f ft 7a. 1947 Lower Austria (Province of) ♦7%s Unmatured coupons on .1950 11,000 D 26] 31 J 1954 1,994,000 ♦Medellln (Colombia) 4 Ha. 422,000 ♦Mexican Irrlft Aaaentlnft a f 4 Ha 1943 11,000 ♦Mexico (U S) external 5a of 1899ft 1945 <Tj ♦Aaaentlnft 5a of 1899 .....1945 801,000 m ♦Aaaentlnft 5a larfte 526,000 ♦Assenting 5a small Q J i 21,000 Sale Sale Sale 32] 100% 102 7% Sale 4H 6* Sale Sale 28] 26] 92% 104% IS 1ilM 9* 9 8% 29% Sale 24 16 % Sale 6% 9% 9% 11* 7% ... 41,000 ♦4a of 1904 ..........1954 J 14239,000 1,633,000 4.365,000 772,000 756,000 ♦Aaaentlnft 4a of 1904..... .1954 ♦Aaaentlnft 4s of 1910 larfte... ♦Aaaentlnft 4a of 1910 small... ♦♦Treaa 4s of *13 assent (larfte) 1933 J ♦♦Saudi.......... 3,832,000 Milan City (Italy) ext loan 4H>~*195? A 8 6 — *4% 4 6 5% 5H 9 6 7% 10 10 8 28 24 Dec. 14 Dec. 14 9% Dec. }g% 10 H Sale O 66 Sale 173,000 ♦6a aeries A..................1959 MN 1,360,000 957,000 908,000 1,369,000 2.724,000 1,807,000 8,6924)00 39,000 481,000 1,327,000 975,000 821,000 New South Wales ext a f ft 5s...l957 F A External sift 5a....... ..1958 A O Municipal Bank ext a f 5a .1970 J D ♦Nuremberg (City) external 4a.. 1952 F A Oriental Development 6s 1953 M S External deb 5Ha 1958 MN Oslo (City) 4%a extl sink fund..1955 A O 102 % 102 % 264,000 249,000 Panama (Raid external ffHe-.... 1953 J D ♦Extl a f 5a aer A.......May 151963 MN 106 Sale 65% 67 Norway 20-year ext a f 4a.Aug 151943 F A 20-year external a f 4a. Aug 15 1944 F A External a f 5s.. Mar 15 1943 M « Extl sinking fund 4%8——1956 M S External sink fund 4%s„——1965 A O .... 41% 43% 78 Apr. 6100] 7 89] 30 Dec, 21 25% Dec. 1 25 Jan. 9 . Sale 102 101H 102% 106% Sale 106% 107 102 H Sale 26% Sale 84% Sale 80 Sale Feb. Tan 51% Jan, Ql 3! 22% Aug. 11 Dec. 28 Dec. 23 Dec. 24 Dec. 24 Dec. 24 Dec. 23 Dec. 28 Dec. 23 77 8% Dec. 24 2 3 5 6 4 Dec. 23 Dec. 1 6% Dec. 5% Dec. 9% Dec. 1 1 8 914 Dec, 10 8% Dec. 24 12% Dec. 30 12H Dec. 28 70% Sale 64 Dec. 3 70 H Dec. 31 Sale 9 21% 22 26 Sale 21 Dec. 20% Dec. 65j| Dec. 26 26 67 3 4 64% Dec. 29 Dec. 31 Dec. 31 Dec. 16 64H Dec. 29 Jan. 19 27 OO 22 27 4 Oct. 10 31% Jan. 23 Jan. 4% Oct. Dec. 24 June June Tnna June Aug. 35 7% Jan. 26 60% 31 83 91% Apr. 22% 67 9 100 53 1 22 6514 61% 38 Jan. 3 51% Sept. 23 112% May 28 115 Jan. 13 60% Jan. 10 87% July 1 Dec. 5% Dec. 11 Mlnas Geraes (State of, Brazil)— 14% 15H 14 H Sale 46% — Sale Prices 95% Oct. 8% Dec. 8% I 1 Dec. 31 Dec. 2 7 9 7% Sale 11% 12% 11% Sale Highest Sale Prices 83% Jan. "Dec." 70 95% Dec. 19 100 85 79% Dec. 22 63% Dec. 17 8% Dec. Sale Sale . 6% Sale 514 Sale 10% Sale ♦6Ha September coupon off 1958 M S 616,000 ♦6Hs September coupon off...1959 M S 537,000 1952 J D 348,000 ♦Montevideo (City) 7a. 85% Dec. 29 7% Dec. D J 81 % Dec. 92% 104 % ........ . YEAR 1936 Lowest Sale Prices Sale Prices 48 Dec. 16 48% Dec. 11 113 % Dec. 1 113 % Dec. 1 ~79% '74H D"ec."22 §5 Sale Sale 99 % Sale 86 Sale 25H Highest —.. a65 1952 1954 1965 M N Lowest Jugoslavia (State Utfe Bank)— 434,000 RANGE FOR Jan, 2 643,000 *HanlU7(Klntof)7^iFeb.op.oal944 F 61,000 Irish EXCHANGE-BONDS 15 Dec. 28 4 June Feb. 8 9 Dec, Oct. Jan. 24 Feb. 8 May Feb. Dec. Dec. Dec. Dec. 8 23 28 23 24 Dec. 24 Doc. 30 Dec. 28 Dec. Feb. Oct. 4% Oct. 6% Oct. 5% May 50 Feb. 3 77 June 20 15% Jan. 14% Jan. 47 Jan. 4 2 4 26 26 Dec. 31 Dec. 31 67 Dec. 16 43 6 64% Dec. 29 Jan. 105 H Sale Dec. 1 Ma*. 106 Sale Sale Dec. 16 Dec. 8 Dec. 3 Dec. 3 Dec, 24 Mar. 109% 109% 101 % 102% 100% 102 % 105% Aug. 11 105% Nov. 10 Sept. 110 105 H 104% 106% 104% Dec. 104 % L04% Dec. 105% Dec. 29 110 106% 107% 106 Sale Sale 108 108 Dec. 14 109 % Sale Sale 101 L00% Dec. 17 101% 103 % 103 Sale L02% Dec. 29 103 % Sale 101 % Sale 100% Dec. 2 101% L02% Dec. 11 102% 24 Sale 18?4 Sale" 18% Dec. 31 24 80% Sale 74% mm. 72% Dec. 21 80% Sale 76 72% Sale 69H Dec. 23 75 99 % Sale 99 % 98 % Dec. 22 99% Nov. 30 3 104% Jan. 30 103% Nov. 10 101H? Nov. 17 104 July 30 Jan. 31 27 86 Feb. 18 Jan. 29 82 Nov. 13 100 Oct. 109% Dec. Oct. Dec. 11 May July Dec. 4 Jan. May Dec. 1 Dec. 1 Dec. Dec. 1 Dec. Dec. 7 July ■ 2310,000 ♦Stamped (assented). M S 12% M S 14% J D 12 % Sale A O 12 Sale A O A O J Porto Alegre (City of)— ♦8a June coupon off..........1961 J D J J 264,000 ♦7Hs July coupon off ...1966 411,000 1952 168,000 Prague (Greater City) 7Ha. 681,000 ♦Prussia (Free State) ext af 6 H.. 1951 1,101,000 ♦8 f gold 4a-..—....... J MN M S .1952 A 539,000 Queensland (State of) ext a f 7s..1941 35-year extl a f 4a .Feb 15 1947 820.000 113,000 ♦Rhine-Main-Danube deb7s aer A1950 O A O F 300,000 2,660,000 (City of)— v ♦8s April coupon off .....1946 ♦6Hs August coupon off—1953 Rio Grande do Sul (State of)— ♦88 April coupon off..........1946 ♦68 June coupon off 1968 ♦7s May coupon off. ..........1966 A 769,000 1,843,000 915,000 ♦7s June coupon off..........1967 890,000 3,411,000 Rome (City) external a f 6H8....1952 Rotterdam (City) ext a f 6s 1964 86,000 1313,000 110 110H 108% 110 15 14 A O J D M N J D A O M N Roumanla (Kingdom of. Monopolies) ♦7s August coupon off 1959 F 38,000 ♦Saarbruecken (City) 17 15 100 103 28 X Sale 28 28H 14% 14% A O A 16* Sale 94 35% F 13* 78 % Sale 109% Sale m S Rio de Janeiro ?■ X05% 70 4 82% 67% Sale 105%. 73% 74 .u... 85 * Sale Pernambuco (State of)— ♦7s September coupon off..... 1947 802,000 1959 1.037,000 ♦Peru (Rep) Sec a f ft 7a ♦National loan ext a f 4a...... 1960 8,223,000 ♦National loan ext a f 4a. 1961 4,663,000 1940 1,085,000 Poland (Rep of) ft 6s.. StablUa loan 7a of r37. Oct 15 1947 2,494,000 External a f 8a ...I95Q 3,645,000 It Sale 68 .. 46 19 % Sale Sale Sale 13% Sale 68 % Sale 7214 Sale 69 Sale 16 % 13 % 25% Sale 23 20 20 Sale Sale 57% Sale 8 15H Dec. 13 X Dec. 13H Dec, 8 2 3 53 71 Dec. 18 Dec. 24 55% Sale 50 Dec. 16 23% Sale 28 18% 2014 95% 97% 23% Sale 25% Sale 94 9914 23% Sale Sale 20 ..... 2\% 113 % Sale 111% Sale 113 114 113% 113 27 23% 29% 16 H 14 H 16 16 66 H 110 Sale 23% Dec. 15 Sale 18 Dec. Sale Sale 30% Sale 30% Sale 27 19 Dec. 24 20% Sale 21% Sale r2514 Sale Sale 24 Sale 24% 26 25% J 26 30 25 30 ..... 15 17 22 Sale 27 1957 M N 12H 15H 21 Sale 25 % J 22% 23 33 % J 16% Sale 34% 30% Sale 15 26. 2 25% Dec. 7 21% Dec. 1 19% Dec. 26 Sale 72*i Sale 114% 105 112% 68 120 June 11% Jan. 40 June 96 14 Dec, 31 Dec. 31 Dec. 10 Dec. 3 Dec. 3 16 Jan, Dec. 31 25% Dec. 31 01% Jan. 14 29% Jan. 14 28 28 Sale 44 8 26 % 4 67% Dec. 24 Dec. 31 26% Dec. 30 31% Dec. 31 24 Dec. 30 30 Dec. 10 e24% Dec. 24 72% Dec. 31 ♦8s May coupon off ♦6Hs May coupon off 619,000 San Paulo (State of)— 408,000 1,171,000 524,000 930,000 2,546,000 ... ♦♦8s July coupon off.... ......1936 J ♦88 July coupon off..... ...1950 J ♦7s September coupon off.....1956 M S ♦6s July coupon off...... J ...1968 J Sec a f ft 7s.——.1940 A O 1945 76,000 ♦Saxon State Mtfte Inat 7a... ♦SFg6Ha .Decl946 85,000 690,000 202,000 1,185,000 331,000 878,000 4,265,000 1,609,000 24,000 268,000 fc ■Cl; 89 25 25 14% D 32' J D 32* Sale 71 Sale Sale 50% Sale F A A 102 J 82 Tokyo City loan of 1912 5a.. 1952 M S External a f 5Ha guar........1961 A O Trondhjem (City) 1st ext ft 5HS..1957 M N ♦Uruguay (Rep) external a f 8s..1946 F A 36 23 % 23 % 9 Taiwan Elec Pow 5He..........1971 J ..... 96 Sale 83 73% Sale 80% Sale ♦Ext a f 4a........... ........I960 M N ♦Exter a f 6s .................1964 M N 100 39% 41H 37 H Sale 38 Sale Venetian Prov Mtft Bank 7a.....1957 AO 53%—- Vienna (City of)— 6s Unmatured coupons on....1952 M N Warsaw (City) external 7s.......1958 FA 2.140.000 1,043,000 Yokohama (City) extl a f 6a—.1941 ID For footnotes, see page 30. iv. Sale Sale Sale 23 81% Sale J Serbs Croats 3c Slovenes (Kingdom)— ♦8s Nov 11935 coupons on.. ..1962 1,001,000 ♦7s Nov 11935 coupon on....... 1,526,000 1363.000 Silesia (Prov) extl sink fund 7a..1958 J D ♦Sileaian Landowners Asan 4a... 1947 F A 87,000 Styria (Province of)— ♦7s February coupon off......1946 36,000 ..1955 757,000 Sydney (City) a f ft 5Ha 20 Sale —— 92% 94% 69% 71 86 % Sale 33 29 27 23 88 28% Sale Sale 50 34 89% 95 104% Sale 94% Sale i—i. 23 % Sale 23% Sale 3 25% Dec. 16 Sale 69% 59 Sale Sale 90 69% Sale 69H Sale Sale Sale Sale 89% ,Sale 47% Sale 75% 77% 81 % : Jan. 28 Jan. 90% Nov. 18 May 18 May 28% Jan. 14 109 Jan. 6 109 Jan. 3 114 38 Jan. Dec. 31 113% Sept.: 8 24% June 24 Nov. 6 U 15 Jan. 2 28 14 Jan. 2 26% Dec. 30 16 14 Jan. 31% Dec. 31 Jan. 24 Dec. 30 24 % Dec. 30 24 Nov. 17 14% Jan. 15 Jan. 54% Jan. 81% July 3 June 26 122%,Feb»13 22% Jan. 28 28% Aug. 20 30 Aug. 26 25 Dec. 29 Dec. 29 25% Dec. 31 Mar. 21 25 Jan. 25% Dec, 31 22% Jan. 4 16% Jan. 15% Jan. 2 1 1 Dec. 31 Dec. 31 Jan. 2 1 95 Dec. 30 81% Jan. 2 95 Dec. 30 35 Jan. 7 14 Dec. 23 1 22% Dec. 9 47% Dec. 18 33% Dec. 14 14 38 Dec. 30 35% Dec. 31 29% Dec. 31 27% Dec. 31 4 24 Dec. 23 32% Jan. 26% Dec. 30 23 29% Jan. 20 26% Dec. Aug. 6 25 Dec. 30 22% Au0. 4 29 Jan. 53 Dec. 31 33 June 26 75 Feb. 33 Mar. 12 51% Jan. 34% Dec. 1 20 11 13 89% 92 90% Nov. 25 95% Aug. 14 90% Dec. 30 90% Dec. 30 Dec. 21 105% Dec, 16 100% Jan. 28 106% Nov. 13 104% 105% 104 60 89 50 - 25% May 26 Dec. Dec. 23% Dec. 33% 15 June Dec. 30 Dec. 31 3 Dec. 22 26% Sale 37 38 35% 29% 27% Dec. 24 24% Sale 53 30 7 23% Dec. 16 32% 24% 5 28 72% Sale 75% Sale 72 70% 74% 69 Sale 75% 76% 72 101 Sale 100 % Sale 59% 70 21% Dec. 19% Dec. 34 35% Sale 29% Sale ..... June June 25 24% Dec. 30 Sale 13% Aug. 110 Sao Paulo (City of)— 309,660 Dec. Dec. Doc. Dec. Feb. 9 3 Sale 25% 23% 20% 20% 80% 1 Dec. Dec, Dec. Sale 24 77 59 27% Dec. 19 14 106% Oct. 23 3 90% Mar. 3 2 81 Mar. 2 31 31 31 31 29 14 20% Dec. 31 58% Dec. 1 3 114 24 Sale Sale 10 10 26% Dec. 15 Sale Sale Jan. 12% Jan. 111H Dec. 28 113% Dec. 18 Dec. Jan. 25 H Dec. 31 23 % Dec. 31 Dec. 8 28 19% Dec. 4| 25% "% Dec. 10 100 19 Dec. 29 24% 19 Dec. 29 23% 113 Jan. 20% Dec. 31 23 A f 4a..... 1953 I 18% Dec. Sale 76 1952 MN a Sale Dec,. 4 104 105% Dec. 21 106 67 81 Dec. 22 82% Dec. 10 58 67H Dec. 1 75H Dec. 24 Sale 68 68% Dec. 30 Dec. 23 68% Dec. 30 70 70 Dec. 23 75% Dec. 1 68% Dec. 30 Dec. 22 75% Dec. 2 Dec. 24 100% Dec. 1 102 Dec. 17 59% Dec. 8 71 68 Feb. 15 Feb. 25 Feb. 14 Dec. 22 99% Sept. 23 39% Jan. 6 July 16 17 Dec, 16 Dec. Dec. 1 70% Dec. 16 Jan. 59% Dec. 1 70% Dec. 16 Jan. 2 3 Feb. 13 Dec. 9 97 33% June 27 72% Dec. 18 89 59 90 Dec. 44 72 9 Dec. 18 Dec. 18 89% Dec. 31 Dec. 1 81% Dec. 50 1 Dec. 16 June 26 Sept. 21 71% Jan. 8 Feb. 8 it! Sales for BONDS ;> Value Sfl, Bid Ask n 41 s 98 Sale 98 % COMPANIES. 992,000 Adams Express coll tr B 4i 1,313,000 8,000 192,000 i 1953 ft Paper 1st Si. 194# Collateral trust 4s of 1907.....1947 «... i M 64% 50% 108% 109 % 103 % 103 56 195J 25,000 AlaGt Sou 1st cons 5s ser ft..... 1943 157,000 First cons 4s series B. 1943 203.000 ♦Albany Perfrated Wrap Paper 6s 1948 106,000 302,000 3,426,000 9,005,000 1,767,000 22,999,000 326.000 532,000 1,940,000 12,365,000 : M ♦6s with warrants assented...1948 Allegheny Corp coll tr O ..1946 A As..1944 F Albany A Susq 1st guar 3Vya conv A . ♦58 stamped 1950 Allegh & West 1st g gu 4s 1998 AO Alleg Valley gen gu 4s_.. 1942 M 8 Allied Stores Corp deb 4%a 1950 A o Allis-Chalmers Mfg cony deb 4s..1945 MN . 128,000 ♦Alpine Montan Steel 7s.*.. ..**1955 M s Amer & Foreign Power deb 5s...2030 m s 1,601,000 American Ice s f deb 5s 1953 1 D 4,719,000 American I G Chemical S%a*.... 1949 M 3,001,000 Amer Internet Corp conv 9%a„. 194* J Amer Roll Mill cony deb N J 1945 m N 1943 MN 4%s Amer Tel & Tel— Sale 101 Sale £IX Sale 48 % 36 % Sale 87 % 90 108 % 109 99 100 Sale 118 89% 92 Sale sale 66% 70 % 113 Sale Sale Sale 101% 124% v.; ; 5,018,000 20-year sinking fund SHi 3,128,000 Convertible debentures 4Hr-lW J 6,720,000 Debenture 5s...... 1965 2,920,000 ♦Am Type Found s. f. debs 2%-5s_1950 J F A J 8,913,000 Anaconda Cop Mln s Sale Sale 113 J f deb4%a -.1950 AO 98 Sale 42 Sale 39% 42 99 % Sale ♦AnflloChllean Nitrate— 1.272.000 ♦Sinking fund income deb 1967 J 1,077,000 ♦{Ann Arbor 1st g 4s July 1995 Q 93,000 2,744,000 12,122,000 Ark k Memp Bdge k Term 1st 5s. 1964 M Armour & Co. 1st real estate 4 %• 1939 J 8 d 1955 F A 1st M 4s s f ser B( Del.) 1,280,000 Armstrong Cork deb 4s... 1950 0,672,000 Atch Top Be S F gen g 4s .......1995 243,000 Adjustment g 4s... Jnly 1 1995 2,192,000 Stamped 4s .......July I 1995 82,000 Conv g 4s of 1909 1955 433,000 Conv g 4s of 1905 1955 60,000 3,178,000 127,000 208,000 510,000 J 71% Sale 97 104% 92 l04 94h 97% Sale Sale J A O Nov M N 105 Sale J d J d ..I960 J d 1948 D J Convg4s of 1910 Conv deb gold 4H«--— Rocky Mt dlv 1st 4s A .... 1965 J Trans-Cont Short Line 1st 4s gl958 J Cal-Arlz 1st & ref 4%a ssr A 1962 M 17,000 Atf Knox Ac No 1st g 5s 1946 J 232,000 Atl & Chsr Air Line 1st «%• A..1944 J 420,000 1st 30-year 6s ser B 1944 J ... 1,731,000 Auburn Automobile 261,000 3,312,000 12,520,000 5s assented Sale 1995 J Sale 102 % 101 104% Sale .... cons ♦Deb sinking fund t%a 9,458,000 4,147.000 4,052.000 1,135,000 5,353,000 3,159,000 1,331,000 1,409,000 4.677.000 158,000 79,000 Boston & Maine lat 5s aer7AC...1967 J J A D 668,000 451,000 45,000 246,000 345.000 8,854,000 347,000 256,000 136,000 4.414,000 1,452,000 % 963,000 74 % 62 J A M N M N 1950 F A Bxunsw Ac Western 1st gu g 4e.„11938 J Saie 1952 A ...1955 J O J O A.1945 MN Sale Sale ""77 106% Sale Sale Prices Sale Prices 97 Dec. 28 May 12 105 8 104% Dec. 17 Jan. Oct. 27 102% Dec. 18 8114 Dec. Dec. 18 109 70 113 Jan. 97 Dec. 17 Dec. 18 Dec. 30 Dec. 16 Dec. 18 82 Dec. 10 93% Dec. 22 83% Dec. 5 87% Dec. 4 12 92% Dec. 78 Dec. 29 86 Dec. 22 Dec. 107% Dec. 29 111 105 Dec. 14 106% Dec. 136 Dec. 2 el37% Dec 109% Dec. 24 110% 79 69% Dec. 2 69% Dec. 2 79 105% Dec. 2 106% 35 Dec. 72 Dec. 28 1u4% Sale iuu% Saie y 9r8 sale 'lU6% iuo% 107% 74 13 % Sale 1x0% 111 Sale HUM 109 % Sale Dec. 23 Dec. 29 110 Dec. 17 4 108 106% Dec. 110% Dec. 23 111% Dec. 16 106% Dec. 18 106% Dec. 18 108 ill Sale Sale 114 114 119 119 Dec. Dec. 110 111% 110 113 % 113% 114% Sale Sale 1UO 105% Bale 104% 99% Saie 96% 96H Sale 97 98 H Saie 98% Sale Sale Sale 63 Bale 83 Sale 105% 60% Sale 63 >4 Bale 82% 83 Saie Sale 100 H 105% 9U% Sale 79 Saie 90% Saie llbH lib 109 M Sale 113 114 73 '77 Sale 130% Sale 107% 26% ~28~ 26 Sale 25% Sale 25% 33 105% Sale 109"" -iiiz 111% 23% Sale Sale 23 87% ..... 90 70 1 Dec. 17 104% Dec. 24 3 59% Dec. 2 52% Dec. 82 11 Dec. 78% 20% 42% 42% 101% 105% 104 v Sale 109 120H 121 124% 105 105% 109% 110 105% ..... ..... 65% Sale 20 % 80 50 % 23 85% Sale Sale % Sale 92 % Sale . .h;.i1",*.,/. iL Jan. 97 98% Dec. 108% 88% 114% 99% 103% 104% Dec. 1 17 Dec. 15 Dec. 7 Dec. 15 Dec. 1 Dec. 2 Dec. 11 Dec. 11 Dec. 15 105% Dec. 18 18 109% Dec. 93 Dec. Dec. Dec. 2k 116 2 4 Dec. 14 Dec. 23 102% Dec. 5 Dec. 2,1 105% Dec. 4 Dec. 14 Dec. 5 Dec. 22 108 Dec. 30 100 yy 92% Dec. 88% Dec. 21 Sale 75 Dec. 22 81% Dec. 88 Dec. 21 92% Dec. 89% Sale 114% Dec. 24 115% Dec. 115% Sale 1 110% Dec. 109% Dec. 110% 113% Dec. 16114% Dec. 113% Sale 3 77% Dec. 77% 75% Dec. 98 73% Nov. 17 4 103% Dec. 98% Aug, 14 83% Feb. 13 66 June 8 87% Dec. 4 6 107% Dec. 29 117% Feb. 101% Jan. 2 106% July 14 Nov. IS 108% July 3 146 111% Dec. 109% Apr. 110i732Dec. 107% May Jan. 27% Nov. Aug. 67 96 103% 94% 104% 110% 104% 104% 105% Jan. 105 Jan. Mai. Jan. Aug. Jan. Jan. Jan. Dec. 102% Feb. 109 Jan. 105% Jan. 110% Jan. 110% Apr. 118 Jan. 103% Jan. 105% Jan. 95% May 76 Apr. 81% Jan. 95% May 40% Jan. 33% Jan. 61 Jan. 131 24 30 16 19 75 108% 84% 100% 99% 88 Jan. Sale Sale 26% Dec. Dec. Dec. 79 79 14 14 2 107% Oct. 22 42% Dec. 4 84% Feb. 13 104% 105% 100% 107% 117% Nov: 30 3 Sept. Nov: 7 Dec. 10 12 Dec. 113 Va Mar. 9 113% 110% 110% 108 Mar. 6 Sept 29 Nov. 19 Dec. 17 Feb 14 Zfi 07% Aug. 19 14 Vug 5 113% Dec. 11 120% Dec. 16 110% Nov. 10 114% Dec. 15 7 106% Dec. 99% 98% 107% 65 " 1 Dec. ' 2 Oct. 13 Sept 58 87 15 Dec. Dec. 25 Oct. 19 11 106% Jan. 5 % 106% Mar. 107% 106% 109% 95% Feb. 7 Oct. 28 116 Nov. 25 Oct. 7 113 Dec. 17 Nov. 12 6 Oct. 108 Dec. 100 Sept. 24 95 Jan. 113% 103% 109% "68% 98% Mar. Jan. Jan. Jan. Jan. Jan. rz 1% 21% 21% e22% Dec. 29 Sale 21% Dec. 31 21% 21% Dec. 30 Jan. 105% Sale 99% Sale 112 -*-w. Sale 85% Sale Sale Sale 28 Sale Sale 35% Sale Saie 35 Sale 99% Sale 105% Dec. 1 25% Dec. 1 22% Dec. 21% Dec. 20% May 24% Dec. 105 Dec. 17 106% Dec. 98% Dec. 21 99% Dec. 5 23 23 20% Sale 103% Sale 82% 78% 81 04. 93% Sale 113% 122 122% Sale 131% Sale Sale 105% Sale 108% 109 Bale Sale 106% 106 103% 104% Sale 2 26 Dec. 24 82% 83% 77% 20% 33% 33% 99% 104% 103% Dec. 23 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 22 21 1 29 29 4 4 105 6 105% Oct. 14 Oct. 3 84% Oct. 13 95% Oct.' 7 116% June 10 110% Dec. 16 118 25 Feb. 3 77% Oct. 100% Mar. 27 122 Sept. 4 9 131% Dec. Feb Feb 89% Feb 29 19% Nov. 17% Sept. 17% Apr. 31% Feb.' 1 43% Dec. 1 Dec. 1 Dec. 22 43% Dec. 43% Dec. 1 1 Dec. 2 88 14 May May 102 3 69 Jan. 75 Jan. Dec. 30 109 Jan. Dec. 119% Jan. 124% Jan. 89 17 Dec. 21 . • > : 1 20 , 17 20 Nov. 30 Jan. Aug. 100% July 81% Dec. 12 105% Dec. 14 104% Oct. 14 28 85 K Feb 95% Apr 20 Nov. 13 115% 122% Dec. 17 Dec. 18 Dec. 104 Mar 13d'4 108 Jan. no Dec. 28 105 Dec. 21 Nov. 18 Apr. 13 Feb. 25 106% Dec. 28 May Feb. 103 108% June Jan. 30 Dec. 10 102% Dec. 104% Jan. 10 Dec. 15 65% Jan. 95 Oct. 5 Dec. 31 19 Aug. 30% Feb. 13 Dec. 30 17 Aug 30 Dec. 80% Ju]y 48% Jan. •90 77% Oct. 67 Mar. 21 Dec. _ 18 2 70% Dec. "75" Sale 77% Dec. 17 72% Sale Dec. 31 61 52 Dec. 16 Sale 61 56% Sale 9 102% Dec. 23 102% 100% Dec. 100% 100% 102 — 6 Feb. 26 20 33 28 106% Mar. 21 21 99% Dec. 4 27 111% Oct. 8 93% 22 105% Dec. 21 104% Dec. Dec. 21 25 Jan 94 68 2 88 Feb 29 73 28 101 Dec. 30 71% May 113" "Dec. "22 80 23 32% Jan 85% Dec. 15 2 86% Dec. 81% Dec. 17 U5% 114% 121% Dec. 18 122% 122% 131% Dec. 10 131% 131 3 105% 104% Dec. 105% 108% Dec. 28 110 109 8 106% 105% Dec. 106%: 3 103% 103% Dec. 103% 109 Dec. 21 109% 109 169" I63"" 102% Dec. 10 102" 102% 103% 92 88% Dec. 21 "90% Sale 91% Sale 4 27 Sale 21% Dec. 27 21% 25 ' 25 24% 29% 22% Dec, 17 26% 88 May 102% Apr. 98% Dec. 109% Jan. 50 92% Jan. # 2 111% Sept. 14 Jan, 125 120% Dec. 18 121% Dec. 1 131% Dec. 130% Dec. v:';' Feb. 29 Jan. 15 Mar. 2 Dec. 14 Jan. Jan. Jan. Jan. 119 29 115 119% 114% 180 104 80 90 May 103% Sept. 102% Jan. 74 83% Sale July 74% Jan. 61% Jan. Sale 101% 70 10 Sale Sale 102% Dec. 10 8 /j;l . 90% May 25 66% Jan. 2 10 16 9 7 112% July 22 108% Jan. 99 Aug, 14 101% Dec. 12 Dec. 15 2 219 Jan. 118% 77 10 Nov. 19 2 2 90 ;•:* Jan. 89% Sale 120% Sale Nov. 30 80 2 104% Nov. 18 2 102% Nov. 20 Nov. 10 2 48% Jan. 36% Jan, 103 105 For footnotes, aee page 30. .'.n' Dec. , 75 59 i 85 80 3 Dec. Dec. 114% 106% 99% 98% 107% 63% 56% 87 104" 1U3% Sale 104% Sale 23% 2 Jan. 78 100% Jan. Sale luo 121 n 10 ■f- 8 Jan. Dec. 4 102% 1U2% Dec. 23 103 Dec. 1 88 83% Dec. ZU 93 »3% 3 106% Dec. 17 105% Dec. 106% Sale 99 M 84 17 110 1U2 93 Dec. 11 - 106% 103 107% 32 Dec. 21 113% Dec. 10 2 113% Dec. 11 112% Dec. 120% Dec. 16 120% Dec. 16 113 113 lU6>4 61H 4 105 110 103% 30% 29 5 Saie Sale Sale 4 105% Dec. 30 109% Dec. Sale 19% 119% 25% Sale 42% Dec. 74% Dec. Saie 10/% 82 Jan. 101v 99% Jan. Sale llU/s 18 Dec. 31 111% 1U6% 16 Dec. 32% May 4 32% May 16 3107% Dec. 10 106% Dec. iilr Dec. 3 109 97 104 Dec. 9 104% Dec. 23 8 103% Dec. 22 104% Dec. 1 y8% Dec. 19 100% Dec. saie Saie 'I* 80 8 11 114 Jan. Jan. Dec. 14 Dec. 14 115% Dec. 28 li7% Dec. 12 4 110% Dec. 30 111% Dec. 110% Dec. 29 112% Dec. 17 il6 % 111% 1U6H 98 19 July 24 Jan. 109 Dec. 10 107 no 104 H Sale Sale Sale 65% 03 % 09 % 64 4 111% Dec. 24 112% Dec. 15 112% Dec. 24 115% Dec. 3 110'732 Dec. 16 110% Dec. 1 161 Dec. 9180 Dec. 14 36% Sale saie 10iH 55 >:■* Jan. Dec. 23! 77 72 1U4H 31 40% Dec. 28 saie 103% 104% 104% Doc. 85 Dec. 31 Sale Bale 18 9 85 Dec. 1 105 Dec. 1 104% Dec. Dec. 18 102% Dec. 51 77% 75% 103% 103% 102% 74% 100% 104% 104% 1934 A O aer 71 lOi^s 116% Sale" ♦Bush Term Bldgs 5a gu tax ex..1960 A ♦By-Product Coke 1st 5 Ha 73 Saie Sale Sale 201 ♦Censol 5s......... Sale 73% 7zm 106% Sale A ♦Certificates of deposit {♦Bush Terminal Co 1st 4s Sale" 110% Sale 1937 M 8 .1981 F ......1957 MN Conaol4%a_. 173% *90% J •!♦ Burl Ced Rap ft Nor 1st 6s Saie 110% Sale f*5 Sale Sale 22 Debenture* gold 5s ..........1954 4 D 1st llsa Ac ref 5s series B... 1957 MN BuffRoch Ac Pitta gen 5s... Sale Sale Sale Buffalo Gen Elec 4%« ser B ii^% Sale Sale Sale Sale f deb 3%a 111% Sale Sale 11 U% Sale 75 e 112 % Sale iio 92 % 79 % Brown Shoe [Baie I10H 80 % 1st 5s stampsd Sale Sale MS Brooklyn City RR 1st 5s 1941 Bklyn Edison cons mtge 3%s 1966 M N Bklyn Manhattan Transit 4%a__1966 M N Bklyn Queens Co Ac Sub gtd 6s..1941 MN 105% 1U8% series II 1955 MN series JJ 1961 A O {♦BostonAc NY Air Line 1st gu 4sl955 ♦{♦Botany Cons Mills sec s f 4%al934 ♦Certificates of deposit....... Sale 1U6% lat g 1941 J 1,019,000 Brooklyn Unloa El 1st 6s........1950 F 690,000 137 109 Sale 1st mortgage 5s 695,000 Brooklyn Union Gas Co 1st g 5s.1945 1st lien Ac ref 6a ser A.........1947 96,000 Wale Sale O J sale Sale Sale 29 O Sale bb % Sale 28% A v9>4 HUH 93% 94 80% Sale 86% 88 lUO Berlin Elec Elev & Undgrd Rys— 159,000 ♦1st 6Ha-..... **.....1956 6,538,000 Bethlehem Steel 4series D 1960 1,210,000 Cons mtge 3%s series E 1966 8,000 Big Sandy Ry lat mtge 4s.......1944 95 Sale 88 32 1955 Sale 109 01 ...1959 ♦Debenture 6a 198 % 100 Sale 1951 ♦Berlin City Electric deb 6 He Sale Sale 1943 gtd g iHi iUl lub^s Sale Prices 5 104% Dec.1 9 104% "Dec. Sale 5 99% Dec. 30 101% Dec. 2 96% 95% Dec. 21 98% Dec. 2 88 87 Dec. 12 93% Dec. 1 Sale 70% Dec. 63% Dec. 21 9 103% 102% Dec. 18 103% Dec. 3 8 111% Dec. 111% Dec. 161"" 100% Dec. 8 101% Dec. 12 Dec. 15 195 Dec. v:7 219 Sale Sale O .... 432,000 409,000 Sale D .... 322",655 Sale J .... Belvldsre Del Sale Sale 33 % July 1948 A 112% 111^8 113 ..............1940 Refund Ac gen 5s ser A 102% Sale Sale Bait Ac Ohio 1st g 4a uz% Sale 113 104 J 2,853,000 1st gold 5a July 1948 A O 7,519,000 Ref and gen 6s, series C. 1995 J D 2,472.000 PLBkW Va Sys ref g4s 1941 MN 3.675.000 SouthwDIv lst3%a at 6% 1950 1 Jl 1.753,000 Tol Cln Dlv 1st & ret 4s ser A..1959 J J" 7,838,000 Refunding 5s series D 2000 M 8 22,838,000 Conv g 4%a.. ...1960 F A 11,298,000 Ref 8c gen 5s aeries F 1996 M S 141,000 Bangor Ac Aroostook RR 1st g 5s '43 436,000 Conref mtgc gold 4s 1951 1,216,000 4s stamped 1951 205,000 Battle Creek AcSturglsgu 3s....1989 5,000 Beech Creek Exten 1st g 3H«.. .1951 1,285,000 Bell Telephone of Pa 1st 5s B 1948 1,115,000 First Ac ref 5s series C 1960 65% 112% 118 D J J M N Sale 110% 106% 111% Sale 15s..1940 • To% 100% 96% 85 98 Sale 1948 f Sale iu6% 113H .1037 1941 yaJC Highest Sale Prices 75 il2"' J J 8 deb 4%« '39 conv Sale 101 1 80 65 104% 1U6 >4 Sale tr 5a.l959 Austin k NW 1st g 5s guar 220,000 Baldwin Looom Works 1st 20,000 1948 J 78 80 164% 1U9% 8,387,000 Atl Coast L 1st cons 4s July 1952'M S 8,109,000 General unified 4Hi series A.. 1964 J D 8,124,000 L & N collat gold 4s Oct.. 1952 MN 3,025.000 10-yr coll tr 5s May 1 1945 M N 2,448,000 Atlantic k Danville 1st g 4s 1,221,000 Second 4s 1,305.000 Atl Gulf * W I SS Line coll 751,000 Atlantic Refining deb 5s V.'- Lowest 39 j J 80 73 -"i ,7 Highest 109 1U9 1U9 169% 113% Sale 114 Amer Water Works k Elec 1,888,000 Debenture gold 6s aeries A... 1975 MN 7,110,000 J ♦Amer Writ Paper 1st g 6s... ..1947 f J 2,236,000 ♦Certificates of Deposit Ask Sale 79% Sale 103% Sale 104% 106 iu3% Sale 104% 103% 1023/g 80 6U% "73 % 77% 113 114 Sale 78 1949 J 1 ♦Collateral & convertible 5s... 1950 a (t Collateral and conyertlble 5s 16,846,000 19,769,000 98% 97% 1946 10-year deb 4%s Adriatic Elec Co external 7s Ask Bid Bid YEAR 1936 Lowest Dec. 31 Dec. I t 1936 RAILROAD AND INDUSTRIAL 8,506.000 ♦{♦Abltlbl Pow RANGE FOR Jan. 2 S K PRICES IN DECEMBER Price fef N. T. STOCK EXCHANGE 12 Months 21 EXCHANGE-BONDS N. Y. STOCK Jan., 1937] June 25 Oct. 3 Feb. 21 Dec. 17 102% Dec. 23 :%v n. y. stock Sales for exchange—bonds Price 12 Months BONDS Value h. y. stock exchange PRICES IN DECEMBER RANGE FOR Jan. 2 Lowest Highest Sale Prices Sale Prices Dec. 31 Bid Ask 107 107% 105 1^,000 Cal Gas At £1 Corp unif At ft 5«__I937 423,000 Calif Packing conr deb 5s -.>.1940 Camaguey Sugar.Co— Sale YEAR 1936 — 1930 Bid Ask Bid 103% 104 105% Ask Lowest 103% 105% 103% Dec. 3 103 % Dec. 104% 104% 104% Dec. 16 105% Dec. 3 9 Highest Sale Prices Sale Prices 103 % Dec. 3 107% Jan. 18 103% Apr. 20 105% Feb 11 . v 3,038.000 ♦1st 7s ctfs of deposit——...1942 Sale 542,000 Canada Sou con gu 5s ser A ..1962 1,970,000 Canadian Nat gold 4%s 1957 ! 987,000 Guaranteed gold 5s.—.July 1969 1,157,000 Guaranteed g As——Oct 1969 399,000 Guaranteed g 5s 1970 675,000 Guar gold 4J* a June 15 1955 1,556,000 Guar g 4%s—.————19A6 1,347,000 Guar g 4%s_ -..-1951 951,000 Canadian Northern guar 6%s 1946 Sale Sale Sale 115 113 13,281,000 Canadian Pac 4% dab stock. Collateral trust gold 4%«——.1946 ... 1,455,000 952,000 2,018,000 3,676,000 5s equip trust ctfs.——— Collateral trust g 5s 1944 1954 Caro Clinch At Ohio 1st 5s. Sale Sale Sale Sale Sale Sale 105% 106 Collateral trust 4%a———1960 58,000 {♦Carolina Central 1st gu g 4s._ 1949 393,000 Sale 110% 110% 122% 87% 100% 113% — 100% 101% 49% 1938 50 107% 426,000 1st At con g 6s series A.Dec 15 1952 449,000 Carriers Ac Gen Corp deb 5s w w.1950 108% Sale 460,000 Carthage Ac Adlr 1st gu g 4s "70"" "73" 348,000 ♦Cent Br Oil Pac 1st g 4s....-—1948 223,000 {♦Cent of Ga Ry 1st 2,646,000 ♦Consol gold 1,180,000 ! 2.263,000 151,000 62,000 43,000 62,000 433,000 211,000 i, 226.000 2,0/4,000 1,958,000 3,539,000 •1,048,000 4,156,000 228,000 ,044,000 1951 26% ♦Chat Dlv pur money g 4s..-.1951 ♦Macon Ac Nor Dlv 1st g 5s 1946 ♦Middle Ga Ac Atl DIt pur m 5a. 1947 ♦Mobile DIt 1st g 5s Central 16% Sale 23% .22% 1946 Foundry 1st mtge 6s General mtge 5s Cent Hudson G & E 1st Ac ref 3%s '65 Cent 111 Elec Ac Gas 1st 5s 1951 105 Sale" 1949 Through St L 1st gu g 4s 1954 A O Guar 5s-— ———1960 F A tr g Ss-1937 M N Central Steel 1st sink fund 88—1941 MN a f g 5%a A— 1948 M 8 Certain-teed Prod 1939 M N 1992 M 8 Sale 103% Sale 100% 101 89 65 Sale 68 118% 96% 101% 115% 111% 1996 F J 1946 9,167,000 4,950,000 2,333,000 2,598,000 ,488,000 156,000 2,000 419,000 1,748,000 •2,405.000 157 Sale 141% Sale 1989 J . 2d con con g 4s Sale 109% Sale Sale 127% Sale . J 1941 Chic Ac Alt RR ref g 3s— 114 110 118% — 58% 59% O Burl Ac Q 111 DiT 3 Illinois DiTislon J J J 40% "41% 105% Sale 108% Sale 108% 115% Sale Sale 113 Sale M 8 108 F A F A 1934 A O 106% Sale 113 114 83 1951 M N «,«•-» Sale «■ m, 17 113% 95 Sale —.1966 33 21 Sale Sale ♦Chic Mil Ac St P gen g 4s ser A..1989 Sale" ♦Gen g 3%s series 46% 38 Sale 22 Sale 53 Sale 64% 66 Sale Sale Sale 65% 66% Sale 27 Sale Sale Sale Sale • Sale 44 44 "44"" ♦Gen As stpd non pay lnc tax. 1987 ♦General 4%a stamped— 1987 Sale ♦♦15-year 45 Sale 49% 42 6 Dec. 18 Dec. 21 i Dec. 1 Dec. 2 Dec. 22 Dec* Dec. 27 8 Dec. 22 Dec. Dec. Dec. 16 111 Dec. 29 Dec. 61% 3 109% Dec. 3 113% Dec. 23 116% Dec, 118 Dec. Dec. 26% Dec. 25% Dec; 1 1 1 114 8 118% 7 98% 1 37% Dec. 28 Dec. 9 Dec. 30 1 Dec. 30 35 Dec. 16 41 % Dec. 41 Dec. 37% Dec. 23% 22% Sale 23% Dec. 23 iH 106 Dec. Dec. m% Sale Sale Sale Sale m Sale Sale Sale Sale Sale Sale Sale" Sale 17% Sale 15 Sale Mar/ Nov. July Dec. 22 100 Jan. 3 107% Jan. Jan. 2 176 Jan. Jan. 7 155% Jan. 106% Jan/ 29 6 128" 13 Nov.27 Oct. Nov. 29 4 5 Nov. 18 Dec. 4 27 102 Dec. 17 18 111 Sept. 15 119 27 115 Dec. 8 15 Nov. 24 17 111 3 61 Dec. 9 111 Dec., 19 11 20 109 Dec. 14 7 113*4 Dec. 4 0 116% Dec. .5 2 114 June 10 —f , 30 14 Apr. 28 14 Jan. 2 Feb. 5 124% 102% Dec. 30 2 26% Jan. 10£ 10 28% Jan. 3 29 Jan. 3 Jan. Jan. Jan.; Jan. Aug. 3 28% 15% 16% 92% 110% 6 13 Jan. Dec. 30 102 82 116 7 112% Mar* 25 Jan. Jan. 112 3 4 2 3 2 Jan. 3 2 38% July 40% Aug. 42 July 17 May 16 May 16 Apr. 10% Apr. 48 Sale Jan. Jan. 36 M July 37 July Sale ♦Conv 4%a series A—........1949 67 121% 89% 102% 115% 110% 33% July 35% July Sale Sale 15% 14 27 2 47% Jan. 2 49% Jan. 17% Apr. 29 6 Apr. 28 Sale 56% Sale 36 Feb. Jan. 47% Jan. Sale Sale 33 17 77 43 34% Sale 34% Sale 33% Sale 17% Sale 1988 2 Dec. 29 103 Dec. 93 Dec. 29 46% Jan. Sale Sale 71 . Dec. 30 124% Dec. 2 102% Dec. 30 102% Dec. 3 2 49% Dec. 31 41% Dec. Sale Sale 1927 Jan. Jan. Jan. Jan. Jan. Jan. Dec. 3 108% Dec. Dec. 5 118% Jan Dec. 7 99% July Dec. 4 99% Oct. Dec. 17 108% Jan. Dec. 16 110 Aug. Dec. 15 112% Jan. Dec. 11 108% Jan. Dec. 19 110 Jan. Dec. 11 Dec. 14 104% Jan! Dec. 4 108% Jan. Dec. 5 107% Jan. 122 Sale ♦Certificates of deposit——.... Nov. Nov, 4 180% Dec., 14 4 107% Dec. 17 8 108% Dec. 4 Nov. 24 3 105 2 104 3 95 24 127 Dec. 29 3 113 Sale Sale {♦Chic R 1 Ac Pacific gen g 4s 95% 105% 99% 43% 82% 10 Jan. Dec. Dec. m Sale 1936 ♦{♦Chicago Rys 1st 5s stamped Aug 1 1932 25% part paid 28% Oct. ,19 Nov. Nov. Nov. 27 95 ♦1st Ac ref g 5s May 2037 ♦1st Ac ref 4%s stamped..May 2037 ♦1st Ac ref 4%s ser C —May 2037 secured 6% a— 23 July Nov. 23 Nov. 28 106 50 52 Mar. Mar, 17 133 2 112 44 43 tin Dec. 31 Feb, 14 Jan., 28 Jan. 4 29 24 4 109 38 • 39% Sale S* 26 Jan. 109 Sale 40% 110% 62% 55% 65% 66% 68% 33% Dec. 31 Jan. 103% Jan. Sale is* 105% m Sale 1 22 102 89 54% Sale "33"" 43% 42% 30 57 Sale 'gjf. Sale 13 1 Sale 35 122 Dec. 4 1 119 118% Dec. 115% Dec. 11 115% Dec. 19 111% --.'111% 99 Sale 20 Oct.! 42 81 36% Feb. 24 i Dec. Dec. 111 til 37% 4 12 14 11 17 12 1 5 108% Dec. 29 109% Dec. 127 1 128% 101% DeC; 22 102% 101% Dec. 22 102% 111% Dec. 17 111% 118% Sale 124% 102% "29" Jan. July July May July May Dec. it?* 114% 113% 27% Sale 26 May 26 9 !$1 112% 103 Dec. 101% Dec. 22 109% 118% Sale 26% Sale 1947 ♦1st Ac general 5s series A Sale 14 Sale 114% 117 105 105% At Louise rf g 6s 1947 ♦Refunding gold 5s ser B 1947 ♦Refunding 4s series C 118% Sale 112% 107% 8 gold 4a————. 1989 Warm Springs Valley 1st g 6s HIII 110 Apr. 30 108% Aug. 15 6 94% Oct., 3 Jan. Dec. m 102% 102% 110% 111% 118% 115% Sale Dec. 17 Dec, 1 Dec. 23 1 Dec; 29 111% Dec. 11 108% Dec. 15 146 102% Sale Sale , i?!| 9 Feb. 17 Oct. 26 71 109 .128 1*09"" Mar. 13 Dec. 17 y Dec. 82% Dec; 29 132% Sale Dec. 53 93% Sale 93% 107% 107% 107 Sale Sale Dec. 29 21 4 108% Dec. 103% Dec. 30 ——82% 72% 82% 112% Sale 112 Sale 109 Sale 108% 103% Sale 103% 94% 95 86% 125 126 126% Sale J R At A DIt 1st 1,732,000 {♦Chic & No West gen 3%s iv»7 2,152,0.00 ♦General 4s——...——198? a338,000 ♦Stpd non payt Fed lnc tax. 1987 *545,000 ♦Stpd gen 4%s non-pay lnc tar 1987 579,000 102% —- B—.May 1 1989 ♦Gen 4%s series C May 1 1989 ♦Gen g 4%s series E May 1 1989 1,085,000 ♦Gen 4%a series F May 1 1989 46,770,000 {♦Chic Mil St PAc Pac mtgeAs ser A1975 48,984,000 ♦Con? adj 5s.... ..Jant 2000 1455,000 ",985,000 108 102 119% A 4946 1,733,000 ♦1st Ac gen 6s series B May 1966 899,000 Chic Indiana Ac Sou 50-yr 4a 1956 13,000 Chic L S Ac East 1st 4 %a———1969 223,000 Sale 111% 112% '513,000 {♦Chic Indlanap 2,323,000 123 1996 MN Craig Valley 1st g 5s May Potts Creek Br 1st 4a..—.— 188,000 Chic At Erie 1st 1982 MN gold As 369,000 Chic Gas 1 Ac C 1st gu g 5s 1937 J J 22.121,000 {♦Chic Gt Western 1st 50-yr 4a... 1959 M S 2,486,000 4,473,000 3,562,000 24,521,000 102% Sale 108% 105 Sale Sale 9 2 106 3 70 Jan. 1 Dec. 31 Dec. 21 Dec. 14 3 2 Jan. 20 15 7 2 116% Sept. 4 119% Sept. 11 122 Sept. 3 121% Sept. 3 120 Sept. 9 117% Sept. 3 117% Sept, 16 129 July 17 99% Dec. 17 106 July 15 116% Sept. 12 109% Dec. 14 Jan. Dec. 31 Dec. 22 8 7 ! Jan. Jan. Jan/ Jan. Dec. 24 Dec. 7 101% Dec; 11 9 42% Dec,,, 7 Dec. 8 120 7 Dec. 22 Dec. 29 15% Dec. 86 87 Jan. Jan. Jan. Dec. 31 Dec. 31 23% Sale --..1987 115% 112% 110% 110% 122% Dec. 31 156 88 .. 2,155,000 10 23 Dec. Hi 98% Sale 2,579,000 General 1,276,000 ;; 1st At ref 4 %s aeries 1,004,000 1st Ac ref 5s series 186,000 ♦{♦Chic Ac E 111 1st cons g 14,243,000 {♦Chic Ac E 111 Ry (new co) g 5a 2,234,000 ♦Certificates of deposit—. 4,428,000 647,000 3,448,000 1,749,000 27 25 21 30 Central of N J gen g 5s General 4s- 1,066,000 Chic 5\063,000 ill Sale 103 £ 63 Cent Pac 1st ref gu g 4s Jan. 17 Dec. 22 1 17% Dec. Dec. 10 19 Sale 1987 115 1 29% Dec. 53 100 Jan. Jan. Jan. Jan. Dec. 17 78% Dec/ 29 Sale —, 218,000 268,000 33% Dec. 10 43% Ches Ac Ohio 1st cbfkt g 5s—. 1,526,000 General gold 4%a——2,281,000 ■j Ref Ac impt mtge 3%a ser D f 1,522,000 Ref Ac impt mtge 3%s ser E 10,000 990,000 35% Sale 30% Sale {♦Central New Eng 1st guar 4s._ 1961 1,008,000 3,364,000 8$ 157% Sale Sale 1941 1941 — M 9% 111% 108% 113% ' 24 904,000 Champion Pap Ac Fibre deb 4%s.l950 M S CJbea Corp coot col tr g 5s May i5 1947 M N 10 year convcollAs————.—1944 J D 25,000 9,000 Sale Sale 1 32% Dec. 42% Dee. 7 2 120 Dec. 119% 118% Dec. 7 118% 115 7 115% Dec. 19 115% Sale 114% Dec. Sale 3 119 Dec. Dec. 28 118% 118% 118 Sale 4 121 Dec. 18 120% Sale 119% Dec. 120% 120% Dec. 9 120% Dec. 29 121 118 Sale 2 118% Dec. 28 118% Sale 117% Dec. 5 116% Dec. 15 Dec. 115% Sale 116% Sale 115 5 116% Dec. 15 115% Sale 115% Sale 115 Dec. 9 128% Dec. 127% Sale 128% Sale 3 127% Dec. 5 96% Sale 98% Sale 96% Dec. 99% Dec. 17 104% 104% 102% Sale 101% Dec. 22 104% Dec. 2 115 Dec. 30 116% Dec. 115% 116% 115 i Sale 5 Sale 2 109% Dec. 14 Dec. 109% Sale 109 105 Sale Dec. 17 105% 104% Dec. 3 106 [ ' 63 Dec. 9 69% Dec. 10 70 106% Sale 1 105% Dec. 29 106% Dec. 110% 111% 2 109% Dec. 16 110% Dec. 105% Sale Dec. / 104% Dec. 23 106 89 92 5 89 Dec. 91% Dec. 29 22 17 13,154,000 9,207,000 15,000 138,000 51 27% Sale 2/2,000 Can RR Ac Bkg of Ga col 226,000 3,188,000 29% 48 g 5s.-.Not. 1945 5a——.————.1945 ♦Ref 5c gen 5%s series B. 1959 ♦Ref Ac gen 5s aeries C 1959 Sale 32% 117% 114% 118% 119% 119% 22 17 22 Dec. 28 99 Oct., 19 37% Dec. 30 Dec. 30 Dec. 2 35 49 17 Dec. 31 Jan. Mar. 7 48% Mar. 7 46% Mar. 24 28 Feb. 6 29 Feb., 4 Dec. 14 106 5 112% Dec. 6 65% Feb. 7 58% Feb. 68 Feb.. 8 68 Feb. j 7 7 69% Feb. 33% Dec. 31 10% Dec. 31 48% Mar. 5 54% Mar. 6 Feb. 1 22 Jan. 18 Feb. Feb. 30 1 11 14 II 8 30 61% Feb. 11 34% Dec; 31 34% Dec. 31 Dec. 31 34 27 18% Oct. 27 1 19 t ♦♦Refunding gold 4s— .1934 ♦Certificates of deposit... ♦♦Sec. gold 4 %s series A——1952 ♦Certificates of deposit......... ♦Convertible gold 4%s—1960 Chic S L Ac N O gold 5s -.1951 72 7% 80% 82 W* 39 Sale 20% 18% 73% Sale Sale 79% Dec. 36 Sale Sale 20% Sale 19% Sale 10% Sale 113% 94% 95% Sale Gold3%s._————..June 151951 102% 80% Memphis Dlv 1st 4s 198 k Chic T H Ac S'east lot At ref 5s—1964 82% 74 99% Income guar 5a——Dec 11941 61% 87 . 36% 17% 15% 17% 15% 8% 113% 94% 96% 97% 1 Dec. 82% Nov. 5 46% Feb. 11 43% Feb. 14 1 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 21 9 23 20 Oct. Oct. 10 9 1 23% Oct. 13 9 5 20% Feb. 11% Feb. 13 Dec. 8 113% 4 23 21 95 99 101 16 Dec. 18 Dec. 7 89 Dec. 21 Nov. 16 Nov. 23 Dec. 1 Chicago Union Station— Guaranteed 4s——.—, .1944 1578,000 1st mtge 4s series D—....... .1963 984,000 1st mtge 3%s series E——.... .1963 7,625,000 209,000 .1951 3%s guaranteed 570,000 Chic Ac West lnd Consol 50-yr 4s. .1952 1st Ac ref mt<»e 4%s„......... .1962 217,000 106 106% 105% Sale 111% Sale 112% 113 110% Sale 110% Sale 4,689,000 Chllds Co deb 5s .1943 3,166,000 Chili Copper deb g 5s— .1947 52,000 {♦Choc Okl At Gulf consol 5s 1952 123,000 Cine Gas Ac Elec 1st mtge 3%s._. .1966 17,000 Cin Ham At Dayton 2d g 4%s—.. .1937 ..... 36,000 924,000 Cln Leb At N 1st gu g 4s... .1942 Cincinnati Union Terminal— 1st mtge g 5s series C guar... .1957 con 1st mtge guar 3%s series D... .1971 649,000 18.000 Clearfield At liahon 1st g td g 5a. .1943 For footnotes, ses pace 30. Sale 108 ......... 99% Sale "73" Sale" 101 29 Sale 39 153"" IIII! 104% Sale 94% Sale 101% Sale Dec. Dec. Sale Dec. 107% Sale 105% Sale Dec. 93 Sale Dec. Dec. Dec. """" 38 "§§" -101 104% Sale —.-101 106% 112% 111% 109% 105%*Mar.21 108%|Apr. 30 107 June 25 106% Nov. 99% Jan. 102% Oct. 108% 105% 95% 101% 73 9 3 6 Jan. 2 100% Jan. 2 10 35 Jan. 103% Dec. 19 104% Dec, 16 103% Dec. 19 100 Oct. 106 May 14 108% 102% 112 107% Sale 109 Dec, Sale 108% 108% Sale 108% Sale 108% 108% 109% Dec. 10 108% Dec. 21 113 110 110 105% Sale Dec. 31 106 104 7 108% Aug. 17 Aug. 22 110 June 10 105 Feb. 6 Dec. 31 July 24 N. Y. STOCK Jan., 1937] Sales for 12 Months Value Bid 749,000 4,000 6,000 1,811,000 617,000 : 3,000 ...... 1 27,000 ; "7,000 ¥% ... d .1993 1993 1m1 1943 1977 1939 Cln wkm Div lat a 4a ...1991 St Loula DIt lat coll truat a 4a. 199® SprlnA & Col DIt lat a 4a 194® w w Val DIt lat a 4a -...194® Cleve-Cllffs Iron lat mtAa 4%s__1950 Cleve Elec Ilium lat m 3%a 1965 clet Ac Pitta Aan gu 4%a aer b..1943 Sarlaa b gu 8%«._—_......... 1943 Series a gu 4%a 1943 Sarlaa g gu 1h«..............1941 : Seriea d gu 3%s._ 1950 General 4 %• series a... 1977 Gen & ref. mt«»e 4Hia aeries b..1981 ClaT Short Llna lat gu 4ma.—..1941 CleT Union Term lat gu 5%s a—1972 lat a f a 6a aarlaa b guar 1973 lat a f 4%s aerlea c 1977 Coal RIt Ry lat gu 4a 1945 Colo Fuel Ac Iron Co Aan a f 5a..l943 d general 5a aarlaa b Raf ac lap 4a aarlaa c Raf Ac Imp 5a aarlaa d Raf ft Impt 4 %s aarlaa r Cairo Div lat gold 4s - 21,000 1,000 200,000 1,339,000 2,930.000 8,082,000 10,000 624,000 1,333,000 *5$ Income mtge .........1970 7,188,000 Colorado & Southern 4h« ser a.1980 4,456,000 Columbia Gaa 5c Elac dab 6a...-1952 743,000 Debenture 6a ........Apr 16 1952 6,961,000 Debenture 5a Jan 15 1941 73.000 Col Ac Hock Valley latest g 4a.—1948 Dec. 1 1936 s ■>*. YEAR RANGE FOR 1936 Jan. 2 y. stock exchange 1,173.000 c c c 8c St l gen g 4a 50,000 105,000 2,798,000 11,097,000 104,000 j 716,000 PRICES IN DECEMBER Price BONDS n. 23 EXCHANGE—BONDS j j j j j J mn m s j j m N j a 96% 100 Ask Sale ----- 101% 104 89 Sale 78% Sale 105 93 94 Sale 94% 96 100% 96% 101% Sale j o Ask Bid Bid " Ask 105% Sale 104% 107 119 Highest Sale Prices Sale Prices 105% Sale 105% 102% Sale 103% 103% 97% Sale 97% Sale 105% 106% 105% 106% 102 102% 102% 102 103% Sale 103 103% 105% W*. 105" 103 104% Dec. 22 107 1 103% Dec. 9 f 104% 112% 110% 109% 105% J J mn F a a 105 % a Sale a Sale a 95 % Sale 107% Sale 98% Sale j f a o m n 59% mn 99 a o 98% a o 110% 99 18,000 Col at Tol lat est 4a...—mm F A 260,000 Columbus Ry Pow & Lt 4a 1965 mn 395,000 Commercial Inreat Tr deb 3%s..i951 j j 8,000 Conn 8t Paaaum Rita lat a 4a 1943 a i 90,000 Conn Ry Ac Lt lat a 4%s ..1951 j 100,000 Stamped guar 414a.— 1961 I 1,418,000 Conaol Edlaon (n y) deb 3%e-_i946 a 1,373,000 3%s debenturea. 1956 a Conaol Hydro-Elec Works of Upper j 111,000 ♦Wuerttemberg lat 7a.———1956 j d 2,318,000 Conaol Gaa Co deb 4%s— ...1951 d 2,852,000 Conaolldated Oil conv deb 3h»..1951 979,000 ^Consolidated Ry deb 4a..—...1954 256,000 ♦Debenture 4s .......-j&j 1955 "Y 15,000 ♦Debenture 4a.......——a&o 1955 340,000 ♦Debenture 4a.. 1956 1,817,000 ♦Consolidation Coal a f 5s....—1960 Sale Sale 99% Sale — ill ' 103% 106% 106% 108% ... — 113% 108% Sale 104% 104% 104% 110% 107% 108% 107 107% 107% Sale — 63 Sept. 24 2 78% Jan. Oct. 2 113% 108% 104% 104% 109% 107% 106% 107 10 15 Jan. 2 Jan. 93% Jan. 3 Nov. 18 Nov. 16 06 104 Jan. 6 Oct. May 13 Oct; Sept. 26 Dec. Jan. 2 Jan. 9 112% Nov. June 4 112% July 28 23 15 23 15 May" 22 110% Sept. 28 110% Sept. 28 105% Dec. 21 105% 113% 111% Sale 108% Sale 104% Sale, 105 112% 111% 106% i07% 106 Sale 94 90% 74% 75% Sale 105% Sale 104% 105% 105% 104% 104% Sale 104% 112% 112% ioss 118 118 Dec. 10 June 30 Dec. 14 iii%"mayt*6 il3 110% 109% UQ8 115% 112% 113 111% Sale 23% 29 108% Sale 2 107; 11 18 Jan.: 89 105 105% 110 j 96% Jan, 111% Jan . 103% Jan. 100% 107% "Dec."i2 107% Dec. 15 101% 107% Sale" 111% Dec. 3 112% Dec. 5 108% 111% 112 113 111% ma Sale Prices Sale Prices Dec. 10 105% "Dec" ""l 5%"Ded"l4 101% Dec. 19 103% Dec. 30 95% Dec. 21 98% Dec. 4 Dec. 4 105% Dec. 16 106 101% Dec. 19 102% Dec. 2 103% Dec. Highest Lowest 119 112 a o Lowest Dec. 31 Sale 113% 110% 108% 104% Dec. Dec. Dec. Dec. 4 "Dec". 21 114% "Dec" "ll 3 143 Dec. 21 1 112% Dec. 19 1 105% Dec. 7 115 107 Sale Sale Sale Sale Sale 106% "Dec. ""§ 89% Dee. 28 74 Dec. 30 103% Dec. 29 104% Dec. 31 104 Dec. 18 105 100 95 110 Jan. Jan. Sept. 59% Jan. 99 Sale 105 99% Jan. 98% Jan. — Jan. 110% .Tune 10 113% Nov. 4 109% Dec. 21 105% May 15 105 Sept. 12 110% 3 107% 7 Dec. 16 107% Dec. 18 103% Dec. 21 104% Dec. 21 105 105% 105% 105% 112% Jan. 110 ; July 112 108 94% 81% July 81 Dec. 1 Dec. 15 Dec. 2 Dec. 3 Dec. 2 Mar. 14 2 114% Dec. 11 113 Dec. 21 112% Dec.v 19 7 105% Dec. Jan. Jan. 107%~Dec."5 94% 77% 105% 105% 105% 106 113 105% Dec. 113 July 105% Jan. 103% 104% 105% 105% 104% 103% Dec. Dec. 108% i07%"d"ec. ""8 107% Dec. '22 2 Sale 105% Dec. 21 107% Dec. Sale 7 106% Dec. 16 107% Dec. July 26% 19%..—. 22% Dec. 24 23% Dec. 4 22% July Sale 3 105% Sept. 107% 107 106% Dec. 21 07% Dec. Sale Sale Dec. 1061 lW* Dec. 1 106% Dec. 31 99% Oct. Sale 7 36 Jan. 20 Dec. 31 25% 26% 351 34 Sale 36 June Dec. ,28 25% Dec., 1 35 34% 34 Aug Sale "25l~ Dec. 2 e33% Dec. "24 Jan. 26% r34 Sale 1 Dec. 4 66% Dec. 65% Sale W July • 21 Oct. 28 1 13 Sept. 10 May 6 Nov. 16 May 28 Sept. 31 Dec. 3 Nov. 19 Oct. 26 Nov. 5 June Mar.31 108 July Oct. Dec. Oct. 4 15 107% Nov. 17 7 6 107% Dec. Jan. 11 1 30 22 28 109% Jan 27 106% Dec. 31 4 36 Dec. 31 17 35 Dec. 28 11 30% Feb. 20 4 33% Dec. 24 1 66% Dec, 29 Consumers Power co— 674,000 1,127,000 3,008,000 607,000 1,348,000 395,000 562,000 785,000 | 398,000 lat Hen & unlf mtge 3%s__—1965 mn 108% Sale mn 104% Sale 1965 lat mtge 3%s 1970 Container Corp of Am lat a f g 4a.1946 Deb gold 5a with warr. 1943 Copenhagen Telep cxtl a f g 5s—1954 1st Hen & unlf mtge 3 %s Crane Co a f 4a— a j d j d f a —1951 f a 1950 mn f deb 3%s. Crown Cork & Seal mn Crown Willamette Pap lat a f g 4a 1951 155,000 Crown ZeUerbach deb 4a ww—-1940 i j m s j 5,022,000 Cuba Northern Rye 5s ,419,000 Cuba rr 1st 50-yr g lst5%s ; ♦Mat & refund 7Ka seriea A 272,000 ♦♦lstlien Ac raf 4s series b..... 1934 j 10c% Sale 106 102 Sale Sale 55% Sale 49% Sale 49% Sale 61% Sale 62 67% 1,000 Certificates of deposit 400,000 dumb t At t 1st At gen 5a d "46% Sale Sale "70% Sale' .... 104% 105" ...1937 Dayton Pr Ac Lt 1st ac ref 3%s.—1960 Del Ac Hud .lat Ac ref 4a........—1943 a o m n Sale 1937 mn Delaware Pr At Lt lat m4%s 1971 j J 1st Ac ref 4%a__ 1960 j J lat mtge gold 4%a. ....1969 J J Sale Gold 5 ha Sale 1951 m n Denser Gas Ac el 1st Ac ref 5s 107% 71 65 65 156% Sale" 16% Sale 29% Sale 3% jwi. Gen & ref 4ha seriea d—.....1961 f a Gen Ac ref 5s series e—.......1952 a o Gen At ref mtge 4a aeries f 1965 a o 113 109 72% 1 107 106 9 100% Dec. Dec. 21 102% Dec. Dec. 23 106% Dec. 104% Dec. .1 106 Dec. 22 Dec. 21 Dec. 23 Dec. 31 Dec. 1 Dec. 11 Dec. 22 100% Dec. 66% Dec. "ll 66 8$ Dec. 17 75% Dec. 14 74 73 wa 6% 5% 43 65% 6% Sale 47 66% 11% 5% Dec. 2 6% Dec. Dec. 24 3 . 71% Dec. 11 3 104% Jan. 100% Dec. t1 Dec. Dec. Dec. Dec. Dec. Dec. Dec. 73 3 Dec. Dec. 24 71% Dec. 11 106% Dec. 24 107 30% Dec. 21 34% Dec. 28 35% Dec. 2 19% 18% 15% Dec. 21 27% Dec. 22 32% Nov. 25 106% Aug. 28 4 103% Mar Dec. 14 Dec. 17 JJec. 14 108% Nov. 23 Sale 19% Sale 18% Sale 32% Sale 62 103% Jan. 21 102 May 20 Nov. 18 103 71% Sale 2 Nov. 19 3 Jan. 10 2 Sale 68 (♦Dens At r Gr West gen 5s Augl955 f a ♦Assented (subject to plan) ♦Ref Ac Imp mtge Sa aer b .1978 ao 35 Sale Sale , 105 (103 106% Dec. 21 108% Dec. 5 104% Apr. Sale 78% Jan. 87%. Dec. 22 91% Dec. 31 Dec. 29 101% Dec. 10 100 98 Jan. 101 8 104% Nov. 8 105% Dec. Sale 1051 - Dec. 103% 105 Sale 101% Dec. 30 102% Dec. 17 100% May 102 102% l02 103% 105% Dec. 18 105% Dec. 18 105 105% May Dec. 107 3 107% Dec. 10 105% July 107% 106% 107% 107 107% Sale 90% Sale 101% Sale 33 17 S 103% 108% Dec. 108 101 72% 106% 107% l06% 32 Sale 34% Sale M 110% Dec. 9 101% 108 91% l00% 105% 107 104 100% Dec. Sale m n Stamped as to Pa tax.... j ♦♦Den Ac Rio Gr lat cona g 4a. ....1934 j ♦♦Conaol gold 4 ha 1934 j j {♦des Molnea Ac Ft d lat gu g 4a._1935 Certificates of deposit 405,000 6,000 t*Des Platnes Val 1st guar 4fea .194? 2 Dec. 18 110% Dec. Dec. 5 Dec. JogK Dec. 19 108 17 108% Dec. 107 3 Dec. 22 105 104 Dec. 15 1 101% Dec. 16 102% Dec. 108 62% Sale 64% Sale 74 ♦Certificates of deposit... • 991,000 13,209,000 1,594*000 150,000 132,000 98,000 274,000 117,000 10,463,000 1.121,000 2,774,000 7,172,000 6,655,000 d 1942 j ..1952 j 1934 id 764,000 19,000 104% Sale" 101% Sale 96 97 109% 109% Sale 107% 107% Sale Sale 108% Sale 1073 105 104% Sale 1043 Sale 102 102 j 102% 101 100% 102 Sale 102% 102% 102 106% Sale 106% Sale 104% Sale 105% 106 109 j 107 j 28 91% Dec. 31 102% Feb. 24 9 107% Oct. : 105 31 81 31 13 31 6 Mar 6 108% Mar. 5 108% Mar. 14 105% Apr. 29% Nov. 29% Nov. 13% Jan. 31 Jan. 110 Jan. Jan. 23 66 Jan. 113 21 Feb. 21 Mar. 6 Mar. 24 Oct. 19 9% Sept. 21 71 Jan. 24 3% July 2 Feb. 38 38% 20% 20% 32% Jan. Detroit Edison-* 943,000 359,000 1,209,000 175,000 17,000 29,000 1,000 23,000 Gen & ref mtge 3%s series g—1966 2,211,000 7,372,000 7,000 313,000 159,000 43.000 125,000 190,000 I 191,000 241,000 35,000 19,000 24,000 1.952,000 8,493,000 58,000 D —1995 a o j j j . 1995 j Elgin lol Ac Bast let g 5s el Paso Nat Gas 4%a series ConT deb 4%s. el Paso At s w lat At ref 5s 5s j ....1941 mn a....1951 .....1946 j 50 iiH::::: 13% Sale Sale 131 W*x 138 107% 109% .... 114 115*" Sale io5%::::: 105% j 100 Sale 77% Sale f "74% 75 a .... m n a o 70 Sale Sale *» * Sale Sale j j 117 43 755,000 Fairbanks Morse deb 4a.»»*.....1956 j Sale D — 107 91 "93"' 91% 92% M First Hen a a Sale 1942 m —1946 j jtfla Cant At Peninsular 5a—.1943 j t*Fla East Coeat lat «hi 195t j ♦lat Ac raf 5s sar .1974 ms a ♦Certificates of deposit.. For footnote* aee page 30 7 Dec. 103% Dec. 142 Dec. Dec. Dec. 105 Dec. 88% Dec. 105% Dec. "93"" 90% Dec. 95 Sale 118% 117% 117% Sale 114% 90 90 84% 84% 118% 117% 55 10% 9% 58% Sale Sale 93 90 88 Dec. Dec. Dec. Dec. Dec. 10 Dec. 23 Dec. 10 87% Dec. 10 Dec. 16 ell9 118 Dec. 23 Nov. Aug. 50 Feb. 35 40 .... Jill Jan.; .Tan. 12% Jan . 16% May 103 6? 60 Dec. 1!* 9 Dec. 23 77 69 78 Dec. Dec. Dec. Sale 15% Dec. Sale 15 Dec. 2 Dec. 2 28 Dec. 3 102% 29 103% 102% 101% Dec. 10 82 62 11 5 2 7 4 9 15 Dec. 28 Dec. 16 Dec. 17 Dec. 18 Dec. 15 Dec. 22 Dec. 18 Dec. 31 Dec. 31 Jan. Jan. Jan. Jan. ; Jan. 3 86% Oct. 28 109% Nov. 23 107 7 7 Sept. 16 47% Dec. 6 4 49 9 108 Dec. , 7 115% Nov. 19 11 108 23 138% 11 114% 2 104% 5 173 Feb. 42% 4 Nov. 13 Dec. 9 Nov. 10 Dec. 21 2 111% Sept. 18 Sept. 28 17 107% July 13 7 31 107% Dec. 11 110 2 107% 94 2 Dec. 13 Oct., 13 28 106% July 31 5 2 95% Oct. 2 95% Sept. 23 94 3 Sept 23 Oct. 92 7 2 7 2 91% Oct. " Apr. 116% Sept. 10 119 116% Jan.; 3 119% Apr. 103 Sale 102% 102" 102% 103 103 103% 102 101.% 103% 101% 78 77% 82 76 67% 75% "78% 81% 16% Sale 16% Sale 75 74 70 Dec. 9 Feb. 19 Dec. 14 L17% Dec. 11 103% Dec. : 52% Jan. June ! 107 Ill 103 64 6 45% 35 115% "Dec". 17 103% Jan. 8 106% Aug. 107% Dec. 128% Jan. 3 114% Dec. '"§ 110 Jan. 1 103% Nov. 22 104% Dec. 10173 Dec. 21 137% Nov. 18111% Dec. 12 101% Jan. 4 110 Dec. 4 100% Jan. 105% Jan. 107% Dec. "7 105% Jan. 107% Dec. 13 99% Jan. 1 77% Jan. 92% Dec. Oct. 105% Dec. 21 105 93 Dec. 10 74% Jan. Dec. Dec. 161% 34-year dab 6s aarlaa b........1954 j Flat dab a f 7a Dec. 104% 104% Sale 8 f 5s stamped..—..1942 m f 6s stamped.... 7 49 Sale Sale 5s International series..——1942 m lat Han 47% Dec. 1 107% Dec. 106% Sale ids* -U*, 60 1 107 86 mn s 108% Sale Sale 117% 118 a 110% 91% 85% Sale 69% Dec. 11 2 Dec. 40 Ill 110 170 .4 92% Sale 90% 90% Dec. 40% Dec. 114 Sale j f 10,668,000 6,069,000 «* 108% HQ 107% 107% 106 14 117% Dec. 11 3 103% Dec. Dec. Dec. 114% Dec. 107% 107% Dec. Sale 74 j 1942 m '«■» 105% m Federal Lt At Tr lat a f 5a ; 110 Dec. 13 L12% Dec. 10 [09% Dec. 10 50% Feb. 18 45 . 40 Oct. L10% Jan. 117 108 Aug.' 108% Jan. : 108% Dec. : 104% Jan. 104% Sale 145% Sale j a Dec. 109 Sale 4 15 Dec.10 Dec. 10 Dec. 15 Dec. 9 103% 103% Dec. 45% Sale 107 127 110 104 236,000 19,000 460,000 454,000 268,000 200,000 56,000 891,000 Sale 103% 103% 101% Dec. Dec. 65 46 40% Sale 40 j a 50 50 Sale 71 Sale 106% 114% stamped , 70 65 45 l09% Sale d j 103% l03 107% 52% Sale 153% C"-I* Dec. 115% Dec. Sale 108% Dec. Sale 110% Dec. 108% 108% Dec. Sale 45 Dec. 117% 118% 117% Dec. 107** d j 1965 a o 1965 Brie At Pittsb gen gu g 8% a aer b.1940 Seriea c 3 ha 194® Brie rr 1st con At prior Hen 4a—1996 lat consol gan Hon 4s —.199* ' Penn coll truat g,4a......,...1951 Coot g 4s Sar a .............1953 1,700,000 Series b 1953 1,064,000 207,000 Gan oonT 4a Sarlaa d —1953 Raf At lmpt gold 5s aar 1927 ...1967 .,618,000 Ref Ac Imp 5a ear 1930. '.,337,000 ...1975 131,000 Brie At Jersey 1st a f 6a.......1955 Genesee RIt RR let a f 6a—1957 277,000 20,000 n y At Erie RRext lat 4a—1947 3d mtge 4%s...............1938 8,000 ; 163,000 Ernesto Breda Co lat mtge 7a 1954 50 35 j ♦♦Eastern Cuba Sugar • f 7hs 1937. m s ♦Certificates of deposit........... Eastern Ry m No DIt 1st g 4s. ...f 948 a o Eastern Tenn Va Ac Ga 1st g 5a ..1956 un j Ed el 111 Bkn 1st con g 4a. 1939 j Ed el 111 n y lat cona g 5a *30***!— 30 ♦Second gold- 4a.... .——1995 j~D ♦2nd 4s assented.......—..1995 —n Detroit Term & Tunnel 1st gu 4%a *61 m n 240,000 169,000 Dul Ac Iron Range 1st 5a 1937 495,000 Dul So Shore At Atlantic d 5a. ...1937 1,015,000 Duquesne Light 1st m 3%s 1965 110% m s ♦Detroit At Mack lat Ilea g 4s.—1995 j ♦1st 4s assented... 116% 116% l09% 111% L08% 113 Ji 109% Sale 8 113% Nov. Aug. June 12 104% Mar 74 Aug. 8 Jan. 1 9 4 9 1 18 Nov. 12 98 Jan. 2 Sept. 14 99 Jan. 18 97} Jan. 6 6 101% July 101 95 60 52 Jan. Jan. Feb. Jan 56% Feb 7% Aug. L 7 8 7 13 24 Feb. .16 Sept 28 Sept. 24 Sept. 1 Sept. 8 Dec. 22 Dec. 18 6 Dec. 31 Fob* 29 Dec. 31 24 N. Y. STOCK Sales for N. Y. STOCK RANGE FOR PRICES IN DECEMBER Price BONDS 12 Months Value EXCHANGE-BONDS YEAR 1936 Jan. 2 EXCHANGE Dec. 1 1936 Hftn Bid r',; Ask Bid Lowest Lowest Highest Sale Prices Sale Prices 834 Dec. 29 834 Dec. 28 334 Dec. 30 334 Dec. 23 434 Dec. 31 434 Dec. 11 Dec. 31 Ask Bid Ask 1 Highest Sale Prices Sale Prices $ ♦JvFonda Johns & Glo* ref 4H«-1952 44,000 MN Proof of claim filed by owner. ♦♦(Amended) lit 934 Proof of claim filed by owner.... MN 4 Sale 175,000 4 ♦Certificates of deposit 3 T 171,000 j 104 17,000 Fort St UD Co 1st g«H« 1941 203,000 Frampric Ind Ac Da* 24-yi 7KS..194J j j 107 10734 u v 1,427,000 !♦ Francisco Sugar 10-year 7M«.1943 3534 Sale ♦Certificates of deposit......— 587,000 Co 11 at trust 6s..M........i...1956 MN 44,000 310 ,000 1034 gtf 434 4 107 434 334 83 > 1949 j Gen Amer investors deb 5s ser A.1952 F General Cable 1st s f g 5H" A.—1.1947 j ♦General Elec (Germany) 7o 1945 j ♦Debenture 6 Hi a 1940 j D 11834 11934 A 102 Sale 102 j 101 Sale 34 106 8 f rteh tf 6s .... . j 3254 D 3134 3134 1948 M N . 79 40 *■ 44 l5734 40 40 4234 103 Sale 4134 4134 43 81 Sale 98 J 10534 106 40 41 40 m mm m Sale 40 Dec. "3 107 34 3 138 Dec" '31 Dec. 11834 Dec. 23 14034 Dec. l03"" 102 Dec. 122 10634 10834 10734 Sale 11534 122 12234 129 126 Sale 120 Sale 96 9634 9534 12234 12334 12234 ♦ 11 Feb. . 634 334 Dec. 30 634 334 Jan. 6 Apr 29 107 106 Jan. 29 11034 3534 Jan. 2 138 105 O 75 Sale 434 107 A 1938 Gal* Houi & Hend 5Hs A... Gas At Elec ( Bergen Co) 5s 481,000 1,588,000 166,000 216,000 358,000 834 28 Jan. 7 1982 2-4« cons 734 8 Dec. 28 9434 Dec. 4 Dec. 10 102 ■ 79 Oct. Dec. 31 83 98 10 10 81 Dec. Dec. 29 7534 Jan. 162"" "Dec." 10 10134 Dec. 1 10534 Dec, 15 106 40 8 Dec. 4234 Dec. 3 7 41 Dec. 14 4034 Dec. 40 Dec, 31 4234 Dec. 3 Jan. 31 Feb. 18 Oct. 8 Apr. 1 Dec. 10 10 14034 Dec. 10 28 83 Dec. 31 7 Dec. 29 98 104 34 May" II 10634 4234 4134 9 4334 Aug. 8 Dec. 3 Nov. 2 Nov. 16 104 Nov, 16 105 10334 Dec. 22 10434 102 May 4 104 76 98 34 Apr. 21 12 May 14 4034 Dec. 31 Nov. 18 101 29 30 Aug. Jan. Mar. 16 Mar. 16 3034 Mar. General Motors Acceptance Corp— F 514,000 726,000 248,000 Genera Public Service deb SHs.1939 j j 5,514,000 Gen Steel Castings lst w W..1949 190,000 l*Ga At Ala 1st cons 5s Oct. 1945 j j j ♦^♦Georgia Carolina & Northernj- j 78,000 Extended at 6% to July 1 1934 145,000 ♦Good Hope Steel At Iron sec 7s.1945 AO 1,015,000 3,499,000 185,000 3,081,000 728,000 62,000 47,000 30,000 506,000 745,000 1947 j Goodrich ( B F) Co 1st Convertible deb 6s ........... 1945 j 1956 j 1st mtge 434« N 1961 j 84 Sale j 108 j Series D............ 1976 j i 10334 Sale 9634 Sale 9634 Sale Gen mtge 4s series H 21,000 ♦Green Bay At West deb ctfa 1,529,000 ♦Income debenture ctfs B 14 1946 j Feb — 10734 Sale 1.0534 Sale 55 70 834 Sale O 82 59 j 9534 Sale" 9134 Sale 86 60 90 Sale 69 — — 83 Dec. — Sale 46 r2 7 Sale 34 r27 46 4 Dec. Dec. 31 r27 10734 Dec. Sale 105 10134 Sale 10434 Sale 10334 105 10334 100 105 111 99 104 103 1 1 Dec. Dec. 30 106 Dec. 21 10134 3 105 Dec. Dec. 29 10734 119 10834 20 Jan. May 6 10734 June 27 Jan. 21 106 Nov. Dec. 21 10134 Dec. 31 Dec. 10334 Mar. 12 106 Jan. 10 3 Dec. 17 9534 Dec. 2 Dec. 17 Dec. 31 99 80 Dec. 30 90 «§34 78 June 24 108 Nov. 13 11 10434 Nov. 21 May 12 11134 Dec. 14 Feb. 27 99 Apr. 7 99 99 Dec. 23 Nov. 24 Feb. 7 Nov. 13 Dec. . 107 106 Sale 10734 Dec. 75 Sale Jo°f« Sale 10034 "§6" 69 Sale 88 88 9934 1034 10834 Sale" 102 J4 Sale 9934 "94" Sale 166'" Sale^ 10534 .S— 106 Sale T04 51,000 Hackensack Water 1st 4s.....-.1952 j j 35,000 ♦Harpen Mining 6s.....—.-—--1949 J J J 1,246,000 Hock Val 1st eon g 4 V4t... 1999 J A O 1,194,000 ♦Hoe (R) & Co 1st mtge 1944 393,000 {♦Housatonlc RR con g 5« 1937 M N 10834 Sale 3034 11534 117*4 4434 Sale 70 6434 109 29 110 Dec. Dec. Oct. 126"" 12534 Sale 21,000 258,000 1,496,000 5,942,000 295,000 5,472,000 101H Dec. 2 10-year debenture 434 s Houst Ac Tex C 1st g 5s Int gu j Hous Belt Ac Ter 1st 5s j Houston Oil sink fund M N 1937 .......1937 534s A—1940 Hudson Coal 1st s f 5s series A..19(2 Hudson County Gas 1st 5s 1949 Hudson At Manhat 1st & ref 5s A. 1957 6,517,000 J j - j D MN F 105 104 40 1957 A O A 20,000 114,000 3,516.000 5,411,000 668,000 7.145,000 2,204,000 9,046,000 49,000 41,000 345,000 161,000 324,000 501,000 7,000 204,000 33 1951 1951 1952 1955 1st gold 3s sterling Collateral trust gold 4s Refunding 4s j j j A O M 6 A O Sale MN Sale Sale" j Purchased lines 1st 3J4« 1952 j Coll tr g 4s...1953 MN 71 Sale 1956 MN Refunding 5s..... —196s 40-year 4«0— P 90 Sale A 14M> 1951 1953 1951 1951 Cairo Brldga gold 4s Litchfield Dl* 1st g 3s Louis* Dl* At Tor g 334s.. Omaha Dl* 1st g 3s St Lou Dl* Ac Term g 3s j ' Sale Sale j 1st gold Extended 1st g 334s 14,000 Sale Sale O —Fab ♦Adjust Incomo 5s..... Sale 11934 12034 A 2,517,000 Illinois Bell Telep 3 34s ser B—1970 19,000 Illinois Central 1st g 4s. 1951 16434 92 11 69 7 Dec. 1134 9 10834 Dec. Dec. 21 105 Dec. 30 101 Dec. 8634 8834 9734 10034 10034 Sale Sale Feb. Dec. Nov. 12 Oct. 20 Mar. 26 Dec. 29 Dec. "Dec". Dec. 29 90 9834 Dec. 28 9934 Dec. Dec. 10434 Dec. 23 106 8734 Sale 10434 10434 Sale Sale 7934 Sale 108 "97" 90 9734 10034 10034 Sale 102 98 10734 2 M Dec. J 10634 8934 Sale 8834 8834 6534 Sale 58 6434 8934 9434 8834 Sale 8634 Sale I nternat Cement cony deb 4o... 1945 MN 1932 AO —1951 MN Sale 161"" 8934 Sale 8434 Sale 10734 108 \"'/■ ♦ AdJ mtge 6a series A.July 1 1952 5,443,000 •1st mtgs gold 5s series B 1956 1,560,000 ♦1st gold 5s series G. 1956 1,059,000 Internat Hydro El deb 6s 1944 16,618,000 1941 2,689,000 Int Merc Marine 1st s f 6a 4,692,000 Intern Paper con* 5s series A—1947 Refunding 6s series A 1955 5,558,000 480,000 Int Rys ©f Cent Amer 1st 5s B—.1972 lit coll trust 6s gold notes 1941 581,000 First lien Ac ref 6 34s 1947 424,000 1952 7,606,000 Internat T Ac T deb g 434s Convertible debenture 434«—1939 [7,124,000 Deb gold 5s ...............—.1955 [2,727,000 — -. For footnotes, see page 30. Dec. 29 2 126 Dec. Dec. Jan. Sale Sale 9934 Sale 4 4 9534 Dec. Dec. 10 72 2 81 Jan. Jan. 23 Dec. 9 10234 10234 Dec. 102 Dec. 18 10234 8 10234 10134 Dec. 4934 Dec. 29 5534 1 124 34 12334 Dec. 77 Dec. 28 8234 30 Dec. 28 35 10934 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 169 102 Sale Oct. 20 13 Dec. 17 Feb. 24 Feb. 21 Jan. 2 11034 Dec. 21 11034 Dec. 3 10634 Dec. 10634 Dec. 10634 Dec. 14 10634 Dec. Jan. 16 Feb. 13 Feb. 6 June 1 Dec. Dec. 14 Dec. 14 "§134 "Dec". 92 22 Dec. 19 9334 Dec. 3 June 16 Mar. 11 3 2 Oct. 14 Jan. Jan. 7 Oct. Oct. 22 Jan. 2 Oct. 13 June 8734 8634 10334 7634 9434 Dec. Dec. 11 8834 Dec. Dec. 21' 8934 Dec. 2 10434 Dec. Dec. Dec. 23j 8134 Dec. Jan. 3 Dec. Dec. Jan. 23 Nov. 12 Dec. 22 96 Dec. 8 10234 Dec. 10134 Dec. Dec. 8734 Dec. 17 88 Feb. 3 Nov. 16 Jan. 22,108 Sale rl6034 Sale 3 Sept. 28 3 Jan. Oct. 7 3 Nov. 23 Jan. 2 Dec. 17 Dec. Jan. 6 Oct. 22 9734 Dec. 9734 Dec. 21 10034 Dec. 30 10034 Dec. 10034 Dec. 16 10034 Dec. Jan. 8 Dec. 21 ~ 89 Dec. 31 91 10034 Dec. 16 102 149 Dec. 22 173 Dec. 9534 Oct. 2 9034 Oct. 4 10834 Jan. 7 5 6 7134 Jan. 2 6734 Jan. 10634 Nov. 1 7 12 105 June 10834 July 10534 Dec. 108 Dec. 9834 Oct. 9534 Oct. 6534 Jan. 6034 Jan. 1 3 2 8 Dec. 10 97 1 12 June 20 14 7 27 23 2 22 15 9634 June 26 10134 Dec. 30 Dec. 30 Dec. 11 Juue 1 23 10734 Dec. 5034 Oct. 30 2 9934 Jan. 2134 Jan. 7 3 Dec. Dec. 11 7 Dec. 14 Dec. Dec. Dec. Dec. Jan. Dec. 17 Dec. Mar. 17 Sept. 29! Dec. 87 Dec. 23 91 8234 Dec. 29 86 34 Dec. 10634 Dec. 9 10734 Dec. 10634 Dec. 22 10734 Dec. 10634 107 Dec. 38 3934 3834 Dec. 29 42 101 4 Mar. 23 July 11034 Dec. 21 106 10534 Dec. 17 106 10534 105 106 10534 10534 Dec. 14 10534 Dec. 22 108 10734 10734 10734 Sale 107 9334 Dec. 24 9634 9534 Sale 9534 Sale 9234 Dec. 28 9434 9234 Sale 9434 Sale 4634 Dec. 29 5234 4834 Sale 5034 Sale Sale 4434 Dec. 24 46 4934 45 4534 95 Dec. 1 9634 Sale 95 -96 95. 9234 Dec. 28 96 9334 95 9334 Sale 3 10134 9834 Dec. 10134 Sale 9934 Sale 101 11 Dec. 9034 Dec. 9634 July 14 10234 Feb: 28 Dec, 1 11534 Jan. 20 173 ;V. 4,033.000 ^♦Internat Gt Nor 1st 6s A......1952 . Dec. 24 105 41 5s— Stamped extended to —.....1942 MN Nov, 23 May 15 27 125 105 A J .... 17 Nov. 20 Dec. y 2134 Sale S F 102 87 89 17 106 96 96 101 "8734 Dec. 11 Sept. 29 108 Sale Sale 10834 10834 ■I Sale 12334 124 8134 Sale 3234 Sale 93 8534 Sale 10634 Sale 2 Sale 94 Sale J 51 ..... Sale Sale O 7834 Sale 10234 Sale 68 I 86 Sale 72 A Sale Sale 110 110J4 10634 10634 10634 10734 9234 O 1,085,000 9,426,000 Sale D Inter lake Iron 1st !>s ser B - Sale Sale D ♦Certificates of deposit -V; Sale A 2 84 10234 10134 Sale 10234 J •♦10-yaar 7% notes...........1932 Mb Jv 72 2 1,796,000 2,792,000 449,000 1,744,000 1,585,000 1,669.000 ■'> Sale 100 91 9 Dec. Dec. §5 10434 104 29 10234 82 ♦Certificates of deposit Int Agri Corp 1st Ac coll tr 35 10934 11034 10534 10634 9134 9234 9434 8834 8934 10234 8034 10734 Sale ——1951 Springf Dl* 1st g 334a 1951 Was tarn Llnaa 1st g 4s.....—1951 ♦♦10-year 6% notes ♦Certificates of deposit 7134 10234 10234 10234 5534 12334 8034 96 Gold 3 Ho 111 Cent At Chic St L A N O— Joint 1st At ref 5a ser A 1963 8,142,000 434s series C 1963 5,212,000 1940 709,000 Illinois Steel deben 4 34* ; 1940 3,ooo Ind Bloomlngton Ac W 1st 4a 1950 181,000 ind 111 At la 1st gold 4a 601,000 {♦Indlanapol 8c Louis* 1st gu 4sl956 Indianapolis Union Ry— Gen Ac ref guar 5s ser B_. 1965 82,000 Ref & lmpt mtge 334* ser B 1986 145,000 1961 2,475.000 Inland Steel 334 s series D— 8,595,000 llnterboro R T 1st Ac ref 5s.....1966 91 2 19 Nov. 16 Oct. 22 10834 Dec. 10734 110 125 1946 AO 12 Dec. 14 Dec. 22 Dec. 21 10934 Dec. Dec. 29 109 Dec. Dec. Dec. 19 120 115 9 Jan. Dec. 3 116 11534 D ec Dec. 11634 Dec. 23 119 7 11534 Dec. 11334 Dec. Sale 25 104 98 Dec. 23 :U 100 100 90 Aug 10834 Jan. 4 108 78 36 6 Dec. 31 Dec. 11 86 Jan. Dec. 9 Dec. 31 3 30 Ill" "Dec. "29 111 34 "Dec"."! 4 99 8134 Dec. 31 Dec. 31 10734 Dec, Sale 90 75 8034 "6734 104 Sale , 1134 Sale 10834 105 100 1 105 Dec. 31 Sale 10334 Dec. 22 10434 Dec. 7 Dec. 1 1023s Dec. 16 103 Sale" 95 Dec. 30 96 9834 Dec. 9 3 2934 Dec. 4034 Dec. 31 4034 Sale 105 10434 10234 11534 Sale 11534 Sale 11734 Sale 117 Sale 11334 11434 115 Sale 10834 10934 10934 10734 Sale 10734 Sale 10834, Sale 106 Stamped..............'i... 1961 AO Gulf States St'l 1st mtge 4348 Gulf States Utilities 4s series C— 1966 A O 97 119 1940 MN 1950 A O «— A mtge gold 5s series C._y... 1950 At Ship Island ref Ss-rTFeb 1952 j Gulf Mob Ac Nor 1st 5H« — Sale j Feb A.. Greenbrier Ry 1st gu g 4s 34 8534 Sale jriij 10734 Sale 1973 j Gen 4Ha series B........... 1077 Gen mtge 4s series G—........ 1946 &ale 11134 11234 1952 j B Gen mtge 5s Ser C. 35 37 10634 108 50 94 Set A Sale "97""' 10034 10334 D 1950 j Gen mtge 5H> Set 1st S 1944 FA 1st Ac gen a f g 6 H» 96 29 15434 Sale' 1657 Sale" 1947 I ... Great Northern Ry— Gulf 10434 Sale 108 5s Sale D j 7t Gt Cons El Pow (Japan) Gen 4H> 10834 Sale D Grays Point Tarm 1st gu g Sale 103 34 1941 } 1st gu g 4H>— 1st Ac refund 434s 22 3234 5s..—.. 1942 j Gout Ac Oswegatchte 1st ex 20 D M Gr R At I - Sale 104 10334— 8934 Sale 1234 1834 j Goodyear Tlra & Rubber 1st 5a ; 1957 M Gotham Silk Hosiery deb 5s w w. 1946 2,125,000 2,550,000 2,000.000 3,824,000 8,409,000 4,020,000 17,397,000 27,000 568,000 3.564,000 7,000 36,000 97,000 258,000 142,000 104 A 10-year debenture 3s—...—.1946 15-year debenture 334s—.....1951 FA J J J J A O 3934 1034 3634 3634 11 Dec. 34 30 Dec. 29 Sale Sale 10234 66 O Sale J Sale 8 Sale M N Sale Sale M M N Sale 1234 3234 3234 8034 72 Sale Sale 8034 94: 3134 6834 10134 34 Sale 98 90 9634 Sale 10234 10234 102 98 9834 3134 Dec. 23 35 3434 12 33 J A 33 Sale Sale 3834 3834 Sale 9934 F A 85 J J Sale 74 Sale J J Sale Sale F A Sale 8434 7734 Sale 9934 6934 8134 -7534 9 3534 Dec. 12 13 Dec. 9 Aug. 30 Dec. Sale Dec. 23 Dec. 3 Sale Dec. 74 Sale 3134 6534 6734 Sale 10134 Sale 9734 9934 9334 102 9834 10234 Sale 6634 Sale 7734 Sale 7134 Dec. Dec. 11 1 103 3 Dec. 17 Dec. 98 Dec. 22 103 4 Dec. 8 8134 Jan. Dec. 29 Dec. 1 6o34 Dec. 7734 Dec. : 7134 Sept.: Dec. 2 Dec. 29 7734 Dec. 1 11 9934 Dec. 15 Dec. 85 Dec. 103 1 Dec. 29 18 8534 Dec. 18 7934 Feb. 27 11 Dec. Feb. 45 3134 Dec. 3634 Apr. 19 9934 Dec. 15 97 Dec. 23 103 Dec. 4734 Feb. 18 1434 Feb. 19 4634 Feb. 17 3134 Dec. 12 3334 Dec. 18 3234 Dec. 11 8534 Dec. 18 , : . . Oct. 28 Dec. 22 Oct. 16 10034 9134 Feb. 11 9934 Feb. 19 95 Feb. 11 JAN., 1937] Sales for 12 Months Value N. Y. STOCK BONDS H. i Price 3- as EXCHANGE—BONDS PRICES IN DECEMBER • RANGE FOR Dec. 1 1930 V nQ- Bid ; , Ask Bid 1 Dec. 31 Ask Bid Lowest Highest Ask 2H Dec. Sale Prices Sale Prices 354 Lowest 2,792,000 ♦lat At rmf 4a 154 Sale lames Franklin At Clearf 1st 4a..l«R« J D MS 84 85 824,000 Jones At Laughlin St'l 1st M 4# a. 1961 ♦Karstadt (R) Inc 1st Mtge 6s ♦Ctfs w ■> Plains... 89 J 100 Sale Prices 354 Dec. 23 154 Jan. O I5i"" 10654 A O 150 155 F A Sale J i 10354 11154 11854 10254 10954 {Kreuder At Toll class 2,888,000 ♦5s Sale Prices ext 5s...... Coll At ref 6 )4s series C Col Ac ref g 5Ha ser D 10154 Sale 73 .1953 .....I960 116,000 gold 5e.........1937 2nd gold 6s 1941 1,108,000 Lake Shore Ac Mich Sou g 336s 1997 11,123,000 ♦Lantaro Nitrate Co Ltd 6s ..1954 519,000 ♦Certificates of deposit 1,319,000 Lehigh Coal At Na? 414s eer A...1954 1,365,000 Cons sink fund 414s ser C.....1954 J J J J 148,000 Lehigh & New Eng RR 4s A 1965 A O 807,000 Lehigh ANT 1st gu g 4a 1945 M S 117,000 Lehigh Valley Coal 5s 1944 F A 306,000 1st At refunding 5s 1954 1st At refunding 5s 655,000 ...1964 716,000 First At ref sinking fund 5s 1974 394,000 Secured 6% gold notes 1938 2,000,000 Leh Vail Harbor Term 1st 6s 1954 2,737.000 Leh V (N Y) 1st gu g 414s 194# .... • 13,852,000 5,941,000 3,629,000 436,000 138,000 Leh Val (Pa) gen con g 4s Gen 2##3 M N Las At East 1st gu 5s 103 10254 Dec. 16154 16454 16254 Dec. 10854 10854 10854 Dec. 11554 11654 11554 Dec. Sale 11954 119 119 Dec. 9954 101 100 10054 9954 Dec. Sale 11254 11254 alio Dec. 110 10054 Sale Sale Sale Sale VTA 76 103 10454 105 Sale 57 95 65 64 62 97 84 100 Sale Sale S* 66 Sale 60 Dec. 3 Jan. 3 Jan. 3 99 Jan. 2 109 10254 Apr. 30 106. Apr. 14 2 44 Nov. 20 13 39 Jan. 40 June 35 July 30 Dec. 24 22 June 22 92 May 102 May 107 Jan. Jan. 89 98 Jan. Tan. 1 10 Oct. 13 Dec. 28 Oct. 2 Dec. 15 94 67 l%* *8 Oct. 63 59 Feb. 4 18 32 Mar. 24 4 100 Nov. 25 1 10454 2 11554 2 102 31 109 30 108 v 16254 Dec. 10854 Dec. 11554 Dec. 119 9 Dec. 17 16 Dec. Sept. 12 Dec. 4 Nov. IS Dec. 24 Feb. 15 103 118 9954 Dec. 11254 Dec. Dec. 28 23 m July 2 Dec. l65 Jan. 10354 Jan. 11254 Jan. Oct. m July 16 8 17 4 1 May 28 122 Oct. 13 9954 June 20 104 10454 Apr. 27 11354 Aug. 10 Sale 8154 Sale 76 Sale 8154 Sale Sale Sale O 114 O A 13354 Sale 12154 Sale 106 108 N J D M 8 M N MB A O F A 198",006 1st ext 4 1947 1.746.000 {♦Mil Spar At N W 1st gu 4s 10,000 {♦Mllw At State Line 1st guar 3)4si941 1,442,000 {♦Minn At St Louis 5s ctfs.......1934 ♦1st At refund gold 4a 1949 1,738,000 Sale 134 Sale 124 Sale 112 99 135 126 Sale 11254 10254 10154 104" Sale 10954 Sale 11154 111 11154 Sale 10854 Sale 10454 103 10354 Sale 9754 Sale Sale" 96 Sale" 115 100 Sale 9054 "§§" Sale Sale 10254 Sale 108 10854 10154 Sale 1154 14 .....354 ? Jan. 33 3754 8254 38 June Jan. Jan. Jan. Jan. Jan. 99 Jan. 1125 Jan. 101 10154 10954 9654 90 Dec. 22 10554 Dec. 90 Dec. 9 10454 94 ----- 354 7 Dec. 10 110 Dec."~8 107 Sale 91 Sale Sale 15 7 71>| Jan. 2 68 Jan, 2 Dec. 5054 Jan. 3 Feb. 18 10854 D'ec"."29 Dec," 8 Dec. 19 Dec. 4 Dec. 2 Dec. 1 Dec. 1 10954 107 90 8954 Dec. 23 Sale 10454 Dec. 21 105 10454 Dec. 28 10454 Sale l04 10354 10354 105 Sale 104 80 91 83 80 92 86 Sale 100 July July Sept. Oct. 7 2 3 15 Feb, 15 9554 July 15 100 7854 June 16 9954 Dec. 12 Jan. Jan. Feb. 10 102 2 10654 Dec. 3 Jan. 6 11054 Mar. 20 100 3 103 10054 Apr. 25 10654 Nov. 16 11 July 6 1854 Jan. 13 154 Apr. 25 354 Feb. 11 . Oct. 16 3 Oct. 16 23 54 June 19 2954 Feb. 20 18 10554 Dec. 30 10454 9854 6754 10154 May 12 Jan. Jan. Jan. 94 3 109 Apr. Dec.. 3 107 Dec. 19 1 8 7 9754 Sept. 22 6 10554 July 24 6106 July 2 90 92 Sale 86 Jan. 90 94 Sale Oct. 10554 Dec. 30 10554 Dec. 30 10254 Jan. 10554 109 108 2554 17 Dec. 3 9 14 31 19 10& Dec. Dec. 9 104 54 Dec. 31 Dec. 22 14 Dec. 2 Dec. 354 Dec* 21 2454 Dec. 3 9 Dec. 22 Dec. 4 Dec. Dec. 30 97?l Dec. 10 9954 Dec. lz 10254 Dec. 18 10654 Dec. 3 4 Dec. 9854 Dec. 9754 Dec. May 37 Mar. Nov. Jan. Jan. Jan. Sale mil -36" ..— 10954 July July ~7434~Dec",~31 40 28 Dec. 28 Dec. 4 10654 Nov. 25 10454 Oct. 24 10454 Nov. 20 Jan. Dec. 9 Dec. 9 Dec. 22 2 17 18 114 July 10054 Dec. 13 11454 Oct. Mar. 99 Sept. Dec. 7 Dec.. 7 Dec, 3 Dec. 3 Dec, 5 16 3 Jan. Jan. Jan. Jan. 9954 Dec. 11 10054 11454 Dec. 22 11454 8 23 Nov. 25 Dec. 4 Feb. 110 11154 Jan. 11054 10454 Aug. Oct. 29 9854 Jan. 11154 Jan. 9654 10254 Dec. July Oct. Jan. 28 10854 10754 8 Mar. 10 Mar. 7 Dec. June 9 Dec. 125 100 Dec. 22 105 1 110 8,11154 111 7 29 10 19 17 9 Nov. 18 Dec. 15 7454 Sept. Feb. 125 Nov. Dec. Dec. Nov. Oct. Oct. Nov. Sept. 17 Apr. 29 Nov. 12 10554 10654 10254 10754 13554 106 Dec. 31 Apr. 19 106 107 135 110 Sale 109 10954 10454 10554 10454 Sale 2 102 101 97 98 9754 98 98 Sale 9854 9954 103 10254 10254 1023 106 10654 Sale 105 J 14 111 Aug. 5254 7154 9254 137 127 May ji Sale 3454 r31 9254 93 8254 "8754 81 7454 Sale ?3654 "2554 ~3l" 82 * 104 Sale Sale 5454 4954 99 9 Dec. 69 »ji Dec. Sale 104 10354 Dec. Dec. 10454 10451 103 8254 8154 7154 Sale 97 15 29 1 136 1 12654 _84J4 Sale 3 22 Oct. 7754 7754 10054 10554 4 10354 2 7554 2 8154 9054 10954 13054 Dec. 11 Dec. .9 Dec. 17 Dec. 15 Sale 8254 Sale 100 102 31 9454 Sale 11454 "9354 20 81 10554 13354 12454 101 28 Dec. 28 Nov. 18 Dec. 29 Dec. 4 Oct. 95 31 10354 Dec. 11 72 Dec. 10 Dec. 21 Dec. 24 Dec. 10154vFeb. 9 1 111 84 58 M 6154 3554 Sale I 50 70 654 Sale M 8 1 ......1962 Q F 254 '.-l:.*~-.v ;V 10154 10554 Sale 82 36 15 29 106 Sale Sale 7154 6054 39 3854 10554 10554 10554 Jan. '7154 Sale" MN Dec. 12554 Dec. 64 Sale D 1939 m 71 Sale Sale J 1939 Con ext 4>4s 69 Sale S J 107°4 79 100 23 MN 5s.... 1971 J •{♦Mil At Nor 1st ext 454# (188#).. 1934 J 93 7 Dec. 10 10754 Dec. 16 Jan. 107 16154 8454 J M 1 1 29 27 Feb. 106 Sale M S J D J Dec. Dec. Dec. Dec. 4 Dec. 1 10054 Dec. 22 10554 Dec. 1 2 Sale" 10354 10454 10454 10254 Sale 90 Feb. 9 10554 Dec. 11 14 10554 Dec. 29 4 9 10554 Dec. 109 Sale 10654 106 56 9454 7954 66 45 2 7 18 22 Jan. 135 125 Sale 5054 8 Dec. 30 10354 Dec. 4 Dec. 10 8 106 10554 Dec. 106 Dec. 2 10754 Dec. 16 Dec. 28 3354 Dec. ■17 39 1 3254 Dec. 3854 Dec. 28 136 Sale 4854 Oct. 28 161 130 135 68 J 1st mtge gold 463,000 Sale 23 AO Jan. Jan. 4254 Sept. 16 108 D AO Oct. 1 Dec. 29 Dec. 29 85 Dec. 23 109 12854 Dec. 11 130 Sale D J 2 Sale MN \ 2 109 13054 129 A M 4554 Dec. 99 Dec, 19 10054 Dec. 6354 Dec. 22 6954 Dec. 6354 Dec. 23 6954 Dec. Dec. 65 Dec. 15 70 70 10154 Sale 10654 Sale Midland of N J 1st ext 5s .......194# A O ser B1961 J D . 2 5 90 3654 56 13 38 67 ~ Sale >: 5 454 ilH liM 5 3H Dec." 3 Dec. 1 Dec. 19 Sale 91 83 36 63 Sale lOMDecmi 9454 Sale 454 45a Dec. 2 354 Dec. 11 For footnotes, sea page 30 6 108 3 107 4 Dec. 28 103 4324 Dec. 29 M 64 100 80 Sale 9954 100 Sale 6854 Sale 3854 Sale Sale 3854 Sale 10554 105 10554 10454 Dec. Sale 104 10454 10354 Dec. Dec. 10554 105 Sale "9l"" 93 9054 Dec. Sale 10054 100 9954 Dec. Sale 75 78 7754 Dec. Sale Sale 7354 Dec. 76 7254 Dec. JV* Sale Sale 100 9954 Dec. Sale 10454 10554 10354 Dec. Sale 10254 Sale 10254 Dec. Sale Sale 70 6654 Dec. Sale 98 44 108 9854 Sale 2,048.000 MllwElRy At Lt 1st At ref 5a y.;< ,.i Dec. Dec. 10554 Nov£19 4054 Jan. 37 >4 Jan. 102 Sale 1979 J Ref Ac Imp 4J4s series C - Dec. 24 109 Jan. - Oct.113 10354 June 25 10654 Oct. 35 40 883,000 Metropolitan Edison 4K# ser D..1968 416,000 _et Water, Sewer At Drain 5^4a.. 1950 300,000 {♦Met West Side Ele? (Chic) 4s. 1938 1977 77,000 ♦Mex Internet 1st 4s asstd_ ♦4s (Sept 1914 coupon on).....1977 2,000 20,000 ♦Mlag Mill Mach 1st s f g 7s 1956 Michigan Central-Detroit At Bay 08,000 City Air Line 4s 194# Jack L At S gold 354* 9,000 1951 1st gold 3 J4« 347,000 1952 ♦Ref At ext series 5s A 102 * 51 108 1055 1959 MN t*Man G B At NW 1st gu 3KS...1941 J Mfrs Trust Co ctfs of partlc in A I Nanun At Sen 1st 6s 1943 J D , "9854 1941 A O 1st ext 4s ><1; rv r2954 Sale 1965 A Ry 1st gu g 5a 316,000 886,000 Marion Steam Shbrel a f g 6s 1947 A O 554,000 Market Street Ry 1st 7sJ...Apr 194# Q 1,395,000 Mead Corp 64 with warrants..... 1945 MN 347.000 28 Sale 624,000 McCrory Stores Corp s f deb 5s._1951 2,747,000] a A Rohhlns deb ft Ha 1950 972,000 Maine Central RR 4s series A 1945 1,006,000 Gen mtge 4H« series A .....1960 2,546,000 *t*Mannf < Sugar 1st s f 7*4s._...1942 2,256,000 ' ♦Certificates of deposit 3,096,000 {•Manhattan Ry (N Y> con g 4S..1990 1,902,000 ♦Certificates of deposit.. 216,000 ♦id 4a 2013 59,000 Manila El Ry At Lt 1st 5s 1953 113,000 Manila RR South Lines 1st 4s...1939 1.1*98,000 Dec. 1 108 Dec, Dec. 3 6254 Dec. 31 Dec. 1 59 Dec. 17 91 Dec. 2 9454 Dec, 28 95 Dec. 21 99 Dec. 30 109* Dec. 19 10954 Dec. 15 10354 Dec. 4 10454 Dec. " 40 Dec. 8 40 Dec. 3 3554 Dec. 3554 Dec. Dec. 24 3454 Dec. 10 e30 24 Dec. 14 25 Dec, " 9754 Dec. 28 9954 Dec, 101 8454 Jan. 10254 Sept. 555 10354 16154 163 10854 10854 11554 ' 1,795,000 807,000 44 8 10554 Dec, 31 107 D '4254 "4754 O D 10454 10554 B 10254 573,000 20-year deb 5s ............1937 M 8 99 Guar ref gold 4s.. 2,377,000 Sale 1949 M S 855,000 Lortllard (P) Co dab fa.. ..1944 A O 13154 5s 796,000 1951 F A Sale 6,975.000 Louisiana Ac Ark 1st Sa aeries A-.1969 J Sale 124,000 I ou At Jeff Bridge gu g 4a 1945 M 8 10754 79,000 Louis? At Nash? gold 5a 1937'M N 106 Unified gold 4s 2,169,000 194# J Sale 1st At ref 5s series B...... 690,000 2003 A O Sale 1st At ref 4V(s uerlea C... 2,781,000 2003 A O Sale 1st & ref 4a ser D........... 1,738,000 2003 A O 1st & ref 354s series E.........2003 A O 1,643,000 Paducah At Mem Dl? 4s.......1946 F 104,000 10454 105 St Louie, Dl? 2d gold 3s.......1980 M 8 573,000 7954 82 Mob At Montg 1st g 414s 21,000 1945 M S 11054 11154 South Ry Joint Monon 4s 1,880,000 1952 J 86 Sale Atl Knox Ac Cln dl? g 4s... 344,000 1955 M N 108 109 68,000 ♦Lower Austrian Hydro-Elec 6)4* 1944 F A 83 Sale 42,000 40 24 34 744,000 Liggett Ac Myers Tobacco 7s.....1944 A 843,000 6s........... .........1951 P 12,000 Little Miami gen 4s series A 1962 M 2,935,000 Loew's Inc a f deb 314s..........1946 F 779.000 Lombard Elec 7s series A-.......1951 J 93,000 Long Dock Co 3 lis ext to ^.1950 A 300,000 Long Island gen g 4s 1938 I 382,000 Unified gold 4a...........*...1449 M 66,000 Sale 1003 M N 2003 M N cons 4 Gen consol 5s Leh Vail Ter 94 9854 Sale 10954 Sale 10354 Sale 10654 10954 7154 Sale 7454 7654 7454 102 10254 100 10054 98 9954 2154 Sale 1942 Coll tr 68 series A Lake E At W 1st Sale 98 4454 Sale 1939 Collateral trust 6s series B....1942 . 1,334,000 Dec. 101 J454 ••• Uniform ctfs of deposit... 1959 2.327,000 Laclede Cas Lt ref 3,089,000 1,627,000 209,000 12.000 A 125 10354 Sale Dec. 21 10454 10254 Sale 102M Dec. 31 10454 Dec. 17 Sale 115 115 Dec. 1 11554 Dec. 16 11554 116 10054 10054 10054- 10154 10054 Dec. 19 10154 Dec. 23 10854 A 9854 Dec. 23 104 103 108 107 J 7 108 Sale 58 Sale 100 . J 1954 II 121,000 Kinney (G R) Co con? 714s 1936 J D 2,224.000 Kresge Foundation coll trust 4s. 1945 J J Sale 2654 —~ 98 J Sale Sale 43 25 99 107 1st Ac ref 6H> Sale Sale 33 J Sale Sale 108 62 5754 40 25 J .....1961 unguaranteed.. ......1961 Kings Co E L Ac Pow gold 5s.....1937 Purchase money 6s 1997 Kings Co Elerated 1st g 4s .1949 Kings Co Lighting 1st ref 5s 1954 10554 Sale Sale 1943 MN 454s 100 92 stpd (par $645) stpd (par $925) Kentucky Central 1st gu 4s 1987 J Kentucky Ac Ind Term 1st 4>4«—1961 J Stamped.......... .......—1961 J Sale Sale 100 105 10954 Sale 10354 10 621,000 Kendall Co SK* series A^.......1948 MS 10254 Sale 109,000 274,000 123,000 47,000 11,000 81,000 83,000 624,000 56,000 32,000 3 5554 5154 1943 ♦Ctfs w w 1943 ♦With warrants (par $92.').—1943 Keith Corp (B F) 1st ser g 6S....1946 MS w 254 Sale 108 70,000 Kanawha Ac Mich 1st gu g 4a... 1990 A O 3,343,000 {•♦K C Ft S At M raf g 4a 1936 A O 1,448,000 ♦Ctfs of dep (Bankers Trust)..... 5,204,000 Kan City South 1st g 3a........1950 AO J 2,648,000 Rof Sc Imp 5s AprU1950 J J 2,135,000 Kan City Term 1st 4a 1960 i 1,234,000 Kansas Gaa Ac El iat mtge 4Ha.. 1980 J D 50,000 29,000 79,000 282,000 848.000 1936 Hxghesx {Iowa Central Ry- 2.392,000 YEAR Jan. 2 Y. STOCK EXCHANGE p Mi 92 87 " Dec.11 Dec. 18 4354 Dec. 31 14"" Dec." 3 654 Dec. 19 4 Dec. Id Apr. _ 10154 Apr. 7154 Jan. 6054 Jan. May 23 5954 Nov. 4 5 Jan. 7 154 Jan. 13 254 May 13 32 95 88 * Feb. 28 Feb. 28 4954 Feb. 1 79 Mar. 10 14 Dec. 3 754 Oct. 10 5 Oct. 16 n. y. stock exchange-bonds 26 Sales for 12kMonths ip bonds Value N. Y. 566,000 1,010,000 1,327,000 , J 3,000 956,000 7,521.000 : 1st J J cona lat cona 8a ltd aa to Int...... J J 1938 5a........—.........1938 .1938 lat At rat 6a aarlaa A...........1946 25-y«ar a BHa.. .............1949 lat ref B^a aarlaa B...........1978 M St P 3c 8 S M 4k Cant Term at Chic Tarm a f 4a.. 1941 t+MJaaourt-IItlnola RR 5a aer A-.1989 Mo Kan 8t Tax lat A 4a.. ...19«0 MStP&SSM4s stpd guar 518,000 2,381,000 J J J M S J J Bid 32 % 26 % 38 % Sale 36 Sale 23 % Sale 19 Sale 81% Sale UN 76 Sale J J J D 37 77 Sale A......—1962 J J 39% 5,163,000 4,291,000 15.078,000 17,520,000 1,125,000 5,591,000 309,000 12,310,000 6,528,000 347,000 '14,455,000 572,000 425,000 1,243*,o5o Prior llan 8a aarlaa 40-year 4s aarlaa B..........--1963 J 1J J Pr llan mtie 4Ha aar D._ 1978 J ♦Cum adjuat 8a aarlaa A Jan 1967 A O {♦Missouri Pacific RR Co— ♦lat At refund 8a aarlaa A.....1965 F 8 ♦Certificatea of deposit. ♦General 4a. -.1978 MS ♦lat Ac ret 5a aarlaa F ...—1977 M N ♦Certificatea of deposit— .1978 MN ♦lat Ac ref 4 8a aer G ♦Certificatea of depoait. 1949 MO ♦Convertible gold 8 Ha—... 1989 A A ♦lat ref gold 8a aarlaa H. .... ♦Certificatea of depoait.. - — ♦lat Ac ref 5a aar I > —.. ♦Certificatea of deposit ♦Mo Pac 3d 7a axt at II1981 UN 69 % 49 H 62 H 31 Sale 28 Sale 4%—July 193S J I M S {♦Mobile Ac Obio gan gold 4s ♦Montgomery DIt lat g 5s... .-1947 F A ♦Refunding Ac Improv't 4 Ha ..1977 M S ♦Sac 8% notaa...—...........1938 M S 2,422.000 1,833,000 1,346,000 Mohawk tr Mai lat gu 4 4a...—1991 1,397,000 Monongahela Ry lat M 4a aer A..1960 Monongahela Weat Penn Pub Serv— 533,000 lat mtge 4H< ...—I960 496,000 6s debentures —1965 600,000 Montana Cent lat gu g 6a ...1937 336,000 lat guar gold 5a— 1937 1,333,000 Montana Power lat Ac ref 8a A—.1943 1,435,000 Dab gold Ba aarlaa A..... ...1963 — Sale Sale 26% 10% Sale 28 26)4 2754 26% 94H —— 85)4 Sale 27% 76% ..... 12 9 —- Sale 83 88 14 % Sale 9% Sale 85 % Sale M 8 M N 105 % Sale A O J J 104% Sale 104 J J 103 J J 107 % Sale 97)1 Sale 7 D Namm 1,798.000 34,000 1,585,000 4,637,000 2,550,000 8,000 1,000 346,000 709,000 "5" 555 i J J A O A O 76 101% 103 85 A O 84 Sale MN M N 109)4 Sale M N 108% 109% A F A J J ♦Assent warr J ... 57)4 Sale 104)4 J J Sale" J ..1977 AO ♦4s April 1914 coupon off .....1977 A O ♦Assent warr & rcta No 5 on. 1977 Nat RR of Mex prior lien 4% ♦Assent warr Ac rcta No 4 on... 1926 J J ♦4s April 1914 coupon on .....1951 A O ♦4s April 1914 coupon off ..1951 A O ♦Assent warr Ac rets No 4 on. 1951 1,655,000 3,498,000 Nat Steel lalrcoll mtge a f 4s— 1965 137,000 {♦Naugatuck RR 1st g 4s.. 1954 75,000 Newark Consol Gas 5a.......... 1948 Sale J J & rets No 4 on. 1957 ♦4a April 1914coupon on 86 103 MN MN J D M N ::::: m~'w 3% Sale J D J 47 60 J 43)4 45)4 D 119)4 99 % 105)4 74' * ...— Sale 122% 712,000 1st g 4%s aarlaa B —1961 MN 17,000 N J Junction RR gu 1st 4s——1986 P A 1,146,000 N J Pow At Light lat4H* ...I960 A O 126)4 1,776,000 75 573,000 N O Ac N'eastern ref 4%a series A.1952 J J 49 59 3,136,000 New Orleans P S 1st tc ret 5s A—.1952 AO Sale 89 1st Ac ref 5a aeries B.._........1955 J D Sale 4,040,000 89 3,607,000 New Orleans Term 1st 4s guar... 1953 J J 81% Sale 1,004,000 {♦♦N O Tex Ac Mex income 5s 29 % 21)4 1935 A O ♦First 5a series B 2,829,000 ........1954 A C 31)4 32 27,000 ♦Certificates of deposit... ♦1st mtge gold 5a series C 1,519,000 1954 F A ♦1st 4H* series D... 2,216,000 1956 F A 5,142,000 ♦First 5Hs series A J ........1954 A O 15,000 ♦Certificates of deposit... 7,000 Npt Ac Cin B gen gu g 4%a 1945 J "i 107)4 30,574,000 New York Central conv sec 6s... 1944 MN 112)4 Sale Consol 4s series A 8,725,000 1998 FA 89 Sale 3,158,000 10-year 3Ks secured a f 1946 A O Ref At Impt 4H* series A 74 % Sale" 16,130,000 2013 A O Ref At lmpt 5s series C_. 18,940,000 2013 A O 80)4 Sale 3,989.000 NTG&HRg mtge 3%s 379,000 43,000 1,565,000 1,625,000 2,441,000 601,000 98 1997 Debenture 4s of 1912 1942 Ref At lmpt. 4 He series A— 3013 A O Lake Shore coll g 3H* .....1998 F A Mich Cent coll g 2%s__ N Y Chic At St Louis 1st g 4a —1998 F A 1937 A O Refunding 5H* series' A 1974 Refunding 4Hs aeries C 1978 3-year 6s Octl 1938 N Y Connecting 1st gu 4H« A...1953 1st gtd 5s series B 1953 N Y Dock 1st gold 4s 1951 Serial 5a g notes 1938 N Y Edison 3%s series D 1965 lat lien & ref 3%s series E .1966 ... A O M S Sale 99)4 74)4 Sale 89)4 90 86)4 Sale 102 82 Sale Sale 71)4 Sale A O F A F A 7 A A O 108""* III! 107)4 65)4 56 66)4 60 Sale 41)4 Sale 44)4 Sale 42 Sale Sale 97 Sale 48 - 111 —- 107 % Sale Sale Sale 104) Sale 85 85 103)4 96)4 100)4 94)4 117 99)4 100 104 ... ..84 .....86)4 82)4 82)4 O 23% Jan. 18% Jan. 8 8 a96)4 Dec. 8 50)4 Dec. 15 Dec. 38)4 Dec. 22 37)4 Dec. 22 14 Dec. 1 38)4 Dec. 22 37)4 Dec. 22 38)4 Dec. 22 37 Dec. 23 10% Dec. 2 38)4 Dec. 22 30)4 Dec. 3 38)4 Dec. 22 38 Dec. "21 99)4 Dec. 33 24)4 24)4 96)4 Ill Dec. Dec. 44)4 Dec. 31 40 Dec. 5 17)4 Dec. 31 44)4 Dec. 31 41)4 Dec. 30 44 Dec. 31 41)4 Dec. 11 14 Dec. 31 44 Dec. 31 41)4 Dec. 31 44)4 Dec. 31 42 Dec. 31 Dec. 29 8 100 1 1 1 Dec. Dec. 21 4 ~48 Dec. 31 32)4 Dec. 31 32 Dec. 31 98)4 Dec. Dee. 22 111)4 Dec. 97)4 98 102)4 102)4 105)4 106 106 Sale 61 106)4 Sale Sale .3 | 3)1 94% Octi 26 50% Dec. 15 Jan. 59% Jan* 2 49% Jan 52% Jan 30% Jan. 2 2 Jan. Jan. 3 27% Apr. 30 1 10% Jan. 6 26% May 27 Apr. 30 26% May 9 27% Apr. 30 26% May 9 7% Jan. Sale 27% Apr. 30 26% May 1 27 Apr. 30 27 Jan. 3 Jan. 9% Jan. 3)4 Sale 107 Sale 67 122)4 Sale Jan. Apr. May Dec. June 109% Jan. N Y Gas El Lt Ht At Pow 5s 373,000 NY At Greenw L prior lien gu 5s.l946 MN 49,000 N Y Ac Harlem g 3Ha. 2000 MN N Y Lack Ac Western 4s ser A....1973 MN Guar 4Hs series B —1973 NN 2,574,000 1948 J D Purchase money coll tr g 4s...1949 F A 410,000 1942 MN 49,000 N Y L E At W Coal At RR 5 Ha Dock & Impt 1st 5s...........1943 J J 36,000 80,000 N Y At Long Branch gen 4a.....194) M S ♦♦NY AcNEng (BoatTerm) 4a_._ 1939 A O 5,000 For footnotes, see page 30. 122 113 90)4 102 103 100 104) 104) 62 Sale 106 43% Oct. 7 Sept. 11 Dec. 31 32% Dec. 31 Dec. 31 32 7 3 Dec. 5 Dec. 29 3)4 5 6)4 4)4 Dec. *2%~Dec."*9 2)4 Dec* 3)4 Dec. 4% Dec. 29 1 Dec. 23 6 "II 4)4 3)4 107)4 Sale 106 70)4 80 66 122M 124 122)4 1 4% Dec. Dec. 19 107% 3 69 Dec. 1 122% Dec. Dec. 29 Dec. 3 Dec. 17 Dec. 1 16 14 2 17 19 6 Dec. 23 27 104% Mar. 3 Jan. 21 6 87 Mar. 14 17 88 Feb. 25 83 30 Oct. 16 86 13 16 105 Apr. 27 Nov. 14 7 97 Oct. 22 2 101 Oct. 13 96 2 Dec. 31 2 119 15 111% Nov. 28 17 99% 18 13 28 2 10 Aug. 10 2% Nov. 20 4% June 25 6% Feb. 8 2% Dec. 7 2% Nov. 20 2% June 1 2% May 22 2% July 27 2% Dec. 9 2% May 22 3 6% Feb, 9 8 3% Aug. 6% Feb » 4% 2% 103% 61% 1203 8 2% Apr. 2% Dec. 2 25 4% Mar. 25 25 6% Feb. ^8 30 107% June 17 17 77 % Feb. 18 Feb. 8 123% Nov. 6 Mar. Aug. Apr. June 126)4 123)4 Sale 104 104 102 V Apr. 17 107 93 Sale 63 Sale WW 42)4 47)4 76)4 Sale 68 Sale' 107)4 Sale 81 79)4 100)4 Sale 100)4 Sale 49 Sale 107)4 Sale 100 100 Sale 83)4 Sale Sale Sale Sale Sale ISr'Dec." "I Dec. 1 108 95 81 Dec. 3 85 44 Dec. 10 47 Dec. 29 47 Dec. 17 Dec. 30 Dec. 29 48 Ill Dec. 21 Dec. 4 Dec. 21 93 103)4 Sale Sale 102% Dec. Sale 107% Dec. 71 Sale Sale 96)4 102)4 104 % 93 % 100)4 108)4 108)4 , 99% Sale Sale Sale Sale Sale 93 "68% Sale" 70)4 Sale Sale Sale Dec 15 Dec Dec 1 Dec. 14 19 105 3 Dec. 21 Sale 1 96% Dec. 96)4 95% Dec. 3 102)4 102% Dec. 23 Sale 101% Dec. 23 Sale 91% Dec. 21 Sale 98%-Dec. 29 Sale 108 Dec. 28 9 108% Dec. 64 Dec. 29 Dec. 17 64)4 63 Sale 96 51% Dec. 17 48 Dec. 17 52% Dec 17 Dec, 21 48 Dec, 111 4 Dec, 1 116 11 Dec. 22 95 Dec. 29 101% Dec, 14 101)4 Sale W™ 97 Dec. 31 51% Dec. 17 47 Dec. 17 49 75 52 89 Jan. Dec. 7 97% Dec. 14 Dec. 9 Dec. 103 105 2 7 94% Dec. 100% Dec. 109;% Dec. 16 108% Dec. 9 Dec. Dec. 9 72 71 i Sale 100% 100% 106)4 -—, 48 Dec. 109 May 108% Dec. 89 98 101% Jan. 82 Jan. 106% ----- Dec. 105% Nov. Oct. 96 102% Oct. 16 15 15 14 19 13 25 9 15 7 7 7 105 Dec. 14 108% Jan. Jan. 90 86% Jan. Oct. 124 105 Jan. 07% July 74% Jan. 80% Jan. Dec. 16 7 Nov. 18 97% Dec. 14 104% Feb. 14 Oct. 5 107 Oct. 3 96 3 96% Oct. 99 70% Jan. Nov. 88 Apr. 30 100% 9 Jan. 3 105% Mar. 20 109 Oct. 28 106% Mar. 28 109 Feb. 17 59 July 7 77% 52 June 17 Feb. 75. 15 104% Dec. 18 105)4 Dec. 23 101% June 20 105% Dec. 23 Dec. 10 104% Dec. 21 105% Dec. 10 102% Oct. 29 105% 100 Dec. 1 101 Dec. 92% 102 94% i02%"Deci"l8 104% "Dec"." 103)4 102% 103 Dec. 19 103 Dec. 19 Ill 109% 109)4 111 109)4 100% 102 102 104% 106)4 106% 165% 107)4 —— 108)4 109 100% 96 103 P Jan. 32% Jan. 9 122 Sale 126% Dec. 4 126% Dec. 125% 126 117)4 116% 117% 116% Dec. 30 117% Dec. 16 113 100 Oct. Oct. Oct. Oct. 57% Oct. Oct. 53 Nov. 111 55 Dec. Jan. 108% Dec. 16 100 Dec. 11 74% Jan. 99 Dec. 14 Dec. 10 2 101% Dec. 1 100% Dec. 100% Dec. 11 49% Nov. 9 33% Jan. 30 16 19 95 85 Jan. Jan. 80% Jan. 24% Jan. 32% Jan. 47 14 108% Aug. 26 88% Jan. 45 44 Sale Jan. 99% Dec. 31 101% Dec. 3 100% Dec. 99% Dec. 2 100% Dec. 11 99% Dec. 110)4 Sale" 108% 104)4 Sale 102% Dec. 1 105 103)4 Sale 101% Dec. 19. 103 Sale Jan,'-. 105% Apr. 48)4 Dec. 24 111% 95 58 Dec. Dec. 14 Dec. 10 Sale 107 % 76% Dec. 31 93 Sale 51)4 115 1 Sale 47)4 52 Dec, 100 95 "48)4 61 Sale Sale 99)4 100 47)4 39)4 45 Sale 48)4 49 50 W* 116 100)4 5 7 7 7 Oct, 18 126 92)4 43% Oct. 46 Oct. 46 83% Feb. 77% Feb. 127% Dec. 124% Dec. ,57)4 Sale Sale 14% Oct. Nov. Jan. 2 98 9 98 Dec, 2 86 Dec. 29102)4 Dec. 29 102% Dec. 29 104% Apr. Dec. 23 64 Dec. 10 57% Jan. 2 73% Mar. 106 Dec. 21107)4 Dec. 1 101 May 14 108% Sept. Jan. 23 106% Dec. 105)4 Dec. 22 106)4 Dec. 10 103 3)4 Dec. 7 19 60 5 I Oct. 44 96)4 Dec. 7 7 4 60 Dec. 68 Dec. 31 45% Jan. Jan. 125% Dec. 29 127% Dec. 16 122 125)4 124)4 125)4 123% Dec. 2 124% Dec. 19 119% Jan. 61 Sale 94)4 Sale MHZ**45% Oct. 102)1 N Y & Erie—See Erie RR. 482,000 925,000 45% Oct. 18 100 2 2 14 17 43% Oct. 7 17% Sept. 23 46 Oct. 7 Jan7*3 48~ 9 1 'i'+mm-mm 5)4 Oct. 83 74% Oct, 13 14% 108% Jan. 3 3 4 19 Jan. 80 84 2)4 Dec. 4)4 Sale 4 91% Oct. 79 Oct. 82 99)4 Dec. 13 66% 1 104)4 Dec. 18 100% 83% 85)4 Dec. 17 *85%~D~ec."l7 85% 98)4 Dec. 103)4 Dec. ■ 3 2 11 Dec. 97 107 Dec. 22 108 Dec. 2 106% Sept. 17 108% Nov. 107)4 Dec. 22 108)4 Dec. 14 107 Nov. 17 108% Dec. 102)4 Dec. 29 102)4 Dec. 10 102% Dec. 29 105% Mar. 102 s Dec. 22 102)4 Dec. 7 102 Dec. 22 104% Mar. 105 Dec. 24 105)4 Dec. 1 105 Dec. 24 108% June 104 Dec. 18 104)4 Dec. 2 2 104% Nov. 97% Jan. 3 2)4— 2 Jan. 83 7 85% Jan. _8 98% Dec. 7 9 105% Jan. 27 111% Nov. 12 111%.—. 97)4 Sale 102)4 63)4 Sale 107 Sale Jan. 31 Feb. 7 31% Oct. 13 52 39 2 83 36 76 84 July 106)4 103% Dec. 16 103)4 Dec. 103Mi Dec. Sale Sale r95 95)4 Dec. 29 97)4 Dec. 90 Jan. Sale Sale ,100 uim 100)4 Dec. 9 101)4 Dec. 15 90 Jan. Sale 93% Sale 84 Jan. 93% Dec. 22 94)4 Dec. 2 Sale 119 Dec. 31 118 Dec. 17 119 118)4 2 2 46% Jan. 31 42% Feb. 11 11 6 3 81% Jan. 103*32 103 Sale 105 105 % Sale A O A 44 Sale 106 108)4 108 102 % 103)4 102% 103 101 % 102 % 102% 103 104 % 105^32 105)4 Sale ... 1,496,000 12,799,000 1,756,000 1,804,000 976,000 7,032.000 24,228,000 4,524.000 40)4 42)4 13)4 Sale 31)4 Sale 31)4 Sale 96)4 98 4)4 Sale 2)4 3% Sale 44 ..... 3)4 Sale 484,000 {♦New England RR cons 5s guar 1945 J 613,000 ♦Cona guar 4s 1945 J 945,000 New Bngland T Ac T 80-yr 5s A...1952 J J 97 Sale 3)4 105)1 17)4 Sale 44)4 Sale 41)4 Sale 99)4 100 98) Dec. 1 1 4 72 Dec. 22 74)4 Dec. 30 67)4 Dec. 4 40 104)4 47 1 30)4 Dec. 31)4 Dec. 94)4 Dec. Sale 99 3 50 118 New Orleans Great Nor 5s aer A..1983 J 2)4 40 11)4 Sale 40)4 Sale 39 40)4 40)4 Sale 85 J J 104)4 104)4 90% Sale J D 90 Sale MN (Al) Ac Son—Sea Mfrs' Trust Co Nash Flo Ac Sheff 1st gu g ? 71% A O Nashville Chat Ac St L 1st 4a A..1978 F 5a 1937 Naasau Slee guar gold 4a stpd...198! National Dairy Prod deb 3He w w '51 Nat Diatlllera Products deb 4%s.l945 National Rya of Mexico— 8,000 ♦4Hs Jan 1914 coupon on.—1957 61,000 ♦4%s July 1914 coupon on ..1957 7,000 ♦4% a July 1914 coupon off ..1957 1,334,000 J 40 107 % Sale A O 91)4 Dec. 19 87)4 Dec. 15 74)4 Dec. 16 77)4 Dec. 15 72)4 Dec. 15 44)4 Sale 97 100 111 % Dec. 2 32% Jan. 25% Dec. 28 37% Dec. 29 72 39 33 26 Sale Prices 1 1 84)4 Dec. 29 39 —- 28)4 Dec. 24 Highest Sale Prices Dec. Dec. 32 Sale 40)4 Sale 39 42 97 75 Sale 70 % Sale 30 25)4 Dec. 28 37)4 Dec. 29 93)4 Dec. 23 74 Sale Sale 40)4 27% Sale 26)1 73 77 69 34% Dec. 29 Sale Prices 38 Dec. 31 85 27) 28 Montecatlnl Mln Ac Agr Co Inc 684,000 Deb g 7a—1987 616,000 Mont Tram lat Ac ref 5a aerlea A—1941 71,000 General Ac refunding 5a A.....1955 24,000 Gan At ref 5a aarlaa B..........1955 27,000 Gen Ac ref a f 4H* aer C —...1955 20,000 Gan At ref a f 5a aar D 1955 605,000 Morrla Ac Co lat a f 4Ha——.—1939 3,897,000 Morris Ac Rsaax lat gu AH*——204a 2,589,000 Conatr M 5a aer A —.1955 3,570,000 Constr M4HaaarB..........1955 201,000 Mutual Fuel Gas 1st gu 5a.......1947 39,000 Mutual Union Tol 5s... ...1941 YEAR 1936 Lowest 94)4 Sale Sale ..... 49 48 Highest Sale Prices a96)4 Dec. 94)4 47)4 Sale 94)4 Sale 14)4 Sale" 40)4 Sale 7% Sale 26 % . Sale 40) Ask Ask Bid Sale 37)4 Sale 27 32 31)4 Sale Sale 42 Sale 41 Sale 30 Sale 30 25 29)4 31)4 Sale 94 92 Sale 92 Ask Bid 36 Mtaaour-Kanaaa-Tazaa RR— 7,710,000 3,323,000 2,866,000 10,169,000 RANGE FOR Lowest Dec. 31 Dec. 1 1936 S 5,411,000 PRICES IN DECEMBER Price Jan. 2 STOCK EXCHANGE Jan. Jan. Oct. 26 Dec. 16 2 1261 8 117 j 3 101% Nov. 17 Sept. 24 2 107 9 3 104% Dec. Dec. 19 2 111 , 9 103% Sept. 23 7 106% Oct. 31 10 108% Nov. 17 30 100% Jan. 30 N. Y. STOCK Sales for l2MMontfis BONDS value N. Y. STOCK EXCHANGE EXCHANGE-BONDS Price RANQE FOR YEAR 1936 Jan. i Lowest 1936 Ask Bid Ask Sale Prices Highest Lowest Highest Sale Prices 41 37 Dec. 31 Dec. 29 3824 Dec. 31 3824 Dec. 28 41 Dec. 30 39 Dec. 31 47% 6324 27% 4624 Dec. Dec. Dec. Dec. 96 Dec. 23 48 31 31 22 30 Dec. 1 43% Dec. 4 94% Dec. 9 10924 Dec. 14 61% Dec. 17 106 107 107 108 10724 10824 10624 10724 106k 10724 Dec. 31 Dec. 5 10824 Dec. 14 107 % Dec. 3 10624 Dec. 4 8724 Sale 9624 Dec. 18 9324 Dec. 24 7024 Dec. 28 8224 Sale 6524 Sale 104 10924 Sale U024 Sale Sale 94 99 95 99 18 1324 Sale 10824 Sale 10624 Sale 103 10924 Dec. 107 Sale 109 Sale 25 66 124 12224 Sale 10524 Sale 8724 82 11124 Sale" 8124 Sale 104 112 Sale Sale 10824 109 Sale Sale Dec. 30 Dec. 29 Dec. 8 10524 Dec. 17 105 Sale Sale 13124 123 87 8224 4 1 2324 Dec. 30 60 10424 10424 10624 12624 11824 4 Dec. 16 10324 Dec. 10924 Dec. 1524 "16 1524 Sale 52 Dec"." "9 Dec. 1 Dec. 1 Dec. 19 10424 Dec. 3 10624 Dec. 31 10624 Dec. 1 8724 8124 84 iilU 8124 11024 Sale 8224 Sale 105 Sale 11124 Sale 10824 Sale 109 Sale 10324 Sale" 10324 Sale" 10424 10494 10324 Sale 10524 Sale 10524 Sale 10824 Sale 108 10824 107 107 102 Sale 2924 109 10724 10524 11224 11124 10124 102 Sale 28 31 11124 109 Sale Sale 10624 Sale 10424 11224 11124 113 10024 10124 Sale Sale 102 112 116 Sale 114 11224 11324 12124 12224 10724 10024 H42i 11324 Sale 11324 Sale 12124 Sale 12024 Sale 10624 Sale 10224 Sale 10124 101 Sale 11424 Sale 10724 Sale Sale 7224 Sale 11024 Sale 10224 10024 10024 10424 7524 7624 11024 Sale 10724 Sale 10224 10124 10224 Sale Sale 10024 Sale Sale 105 107 47 Sale 108 Sale 107 4524 Sale 56 Sale 55H Sale 7024 Sale 101 Sale 10224 3624 Sale 37 7324 Sale 123 12324 85 Sale 101 May 7 10424 Feb. 14 10524 Oct-I 1 10624 10624 10724 10724 10724 Sale 10624 Sale 9924 104 Sale 10524 Sale 104 105 10824 10624 Sale —... 11424 11524 11524 10224 Sale Sale 124 Sale 11324 Sale 12124 10724 Sale 11024 Sale 11024 Sale 12124 12124 115k Sale 121 Jan. 6 10224 Jan. 10124 Jan. 9024 Mar. 10424 Nov. 104 105 10824 10524 Sale 112 11524 11624 11524 11624 10324 Sale -— 126 Sale 11524 12224. 10524 11024 1102a 12124 11624 Sale Sale Sale Sale Sale Sale 27 30 17 10 10324 10824 10524 11024 11124 11124 10024 11824 Nov. Feb. Dec. Jan. Jan. Jan. Sept. Jan. 10 25 14 13 27 3 109 Jan. 11524 9924 10524 10524 11524 10624 Jan. Jan. Jan. Jan. Jan. Jan. 28 8 20 2 2 2 2 3 2 28 N. Y. STOCK ' Sales for Value N. Y. STOCK EXCHANGE I 165,000 91,000 132,000 339,000 4,779,000 542,000 1,784,000 Sale 98% Sale 1990 (flat) 98 Sale 16^ Sale 17% 175,000 100% Sale 104% Sale 109 114% A 123 125 ...... D 111 Sale 114% Sale 115% 106 Sale 106 Sale" Sale 105% Sale 103 Sale Dec. 29 107% Dec. Dec. Dec. 31 107 Dec. Dec. 23 105 Sale Dec. 29 J 125 117% 122% 117 130 1967 J D 1967 MN 1971 J 1973 J 4old 5a. ....... Sale Sale" Sale D Sale 8 Sale Sale J J Sale Sale O Sale Sale Pirelli Co (Italy) conv 7a..........1953 M N Sale 94 J .1943 6 .1940 A P G C At St L g 4%c aerlea A Gon 4 He aeries B guar g.. Con 4Ha aerlea G guar 4 O ...... ... .... _. .1962 F lat gen 5a aerlea lat gen 5a aerlea lat 4H® aerlea D_„. A .1974 .1977 109 % 111 112% Sale 113% 114% 113% 113% 103% 105% 108 108 108 115% 116% 115% 112 113 114 111% 112% 111 111 115% 1127 Sale 116 116% 107 Sale" 105 Sale 73 69% 75% Sale 74 107% 118% 113 107% 953,000 Port Arthur Canal Ac Dock 6a... .1953 lat mtge 6a serlea B 328,000 .1953 80 ....... 8,973,000 Portland General Electric 4 Ha.-1960 M S 72% 1st 58 1935 extended to 1950 J 3 107% 107% 120,000 J 927,000 Porto Rlcan Am Tobac conr 6a.. 1942 64% Sale J 19.669,000 $'Postal Teleg Ac Sable coll 5a._ .1953 36% Sale J 145,000 Potomac Elec Power 1st M 3Ms__1966 J 1951 734,000 Pressed Steel Car deb 5s 120,000 {♦Providence Securities deb 4s gul957 M N 14% Sale 35,000 {♦Providence Terminal 1st 4a 79 Sale 1956 M F 18,919,000 Pure Oil Co a f 4% s with warr 1950 J J 110% 1,056,000 4%s without warrants.. 1950 2.629,000 Purity Bakeries Corp a f g 5a 1948 166% Sale' {♦ Radio Keith Orph pt pd ctfa for deb 6s & com stk (65% pd) 3,000 100 158 D ♦♦Debenture gold 6s. 863,000 76% Sale 1941 J 2,627,000 Read Co Jersey Gen coll g 4a 96% Sale 1951 A O J 106% Sale Gen Ac ref 4H* aerlea A 2,004,000 1997 J Gen At ref 4Hs series B 582,000 1997 106% 107 s 4.039,000 Remington Rand deb 4%s w w._1956 3,000 Rensselaer Ac Saratoga 1st gu 6s.1941 M N Sale 12,051.000 Republic Steel Corp 4Hs ser A 1950 A O 113 F A 109 Gen mtge 4%s series B 6,981,000 Sale 1961 Purch money 1st 5%a conv 2.316,000 1954 MN ..... 397,000 1956 J 1,368,000 4% s. .1956 281,000 ♦Rbeinelbe Union a f g 7a...—.1946 J 299,000 ♦Rhine-Ruhr Wat Serv 6s 1953 J J 106,000 ♦Rhine-West Elec Power 7s__-._.1950 MN ♦Direct mortgage gold 6s 1952 M N ♦Cons mtge 6a.. ....1953 F A ♦Cons mtge 6s with warrants.. 1955 A O ♦{♦Richfield Oil of Calif 6a...1944 M N ♦Certificates of deposit M N Richmond Term Ry lat guar 5s 1952 J J 33% 32% 34% ..... 320,000 ... ........ a 1955 F f 7a A J J D 3 {♦Rio Grande June lat guar g 5a 1939 ♦Rio Grande Western 1st g 4s 1939 O M S Gen mtge 5a aeries E 1962 M S ♦{♦Rockla Ark At Louis lat4Ha -.1934 M S ♦1st con At coll trust 4s series A-1949 A Rochester Gas Ac El 4%» aer D...1977 ♦Ruhr Chemical 1948 A 6a Rutland-Canadian lat guar g 4a. 1949 Rutland R R lat cona g 4H> 1941 3 3 O 3 3 43% 106% 52% 87 81 37% 112% 117% 13 32% 33% 34% Sale Sale 54 Sale Sale 326,000 Saguenay Pow Ltd 1st M 4%S—1966 A O 108,000 St Joa At Grand Island lat g 4s 1947 3 J 107% Sale 680,000 St Joseph Ry L H Ac P lat 5a 1937 MN 103% Sale 43,000 St Lawr At Adirondack lat g 5s._1996 3 76 89 3 90,000 2d gold 6a 74 80 ...1996 A O St Louis Iron Mtn At South— 4,218,000 ♦♦River At Gulf Dlv 1st g 4a...1933 M N 242,000 ♦Certificates of deposit.. 1.398,000 {'StLPeo Ac N W lat 5a 1948 3 3 398,000 St L Rky M Ac Pac 5s stmpd 1956 J J „ 7,851,000 4,871,000 2,8l8,0OO 1,704,000 15.927.000 7,713,000 2,291,000 872,000 3,769,000 5,283,000 103,000 39,000 10,000 108,000 2.077,000 68% Sale 65% 35% 39% 75 Sale {'St Louis-San Francisco Ry— 16 Sale 14% Sale 16 17% J 15 Sale 'Con M 4 Ha series A 14% Sale —.1978 M S ♦Certificates of deposit stamped. -■ 13% Sale 76% Sale {'St Louis Southwest 1st g 4s 1989 M N '2d gold 4s income bond_.Nov 1989 J 50 Sale J 39% Sale Mat terminal Ac unif 5s 1952 J J 28% Sale 'Gen Ac ref 5a aerlea A 1990 J J St Paul City Ry Cabla 5a 1937 J 3 100% 101 Guaranteed 5a...... .1937 3 J St Paul At Duluth lat conaoi4a..l968 J D 29% {'St Paul E Grand Trunk 4Hs 1947 3 J {♦St Paul Ac K C Short L guar 4H«1941 F A 17% Sale 1950 J 'Prior Hen 4s series A J ♦Certificates of deposit... -■ 'Prior lien 5s series B .....1959 J 'Certificates of deposit..... — 107 82% 21% Dec. 21 26 Dec. 1 1 17 23 Dec. 1 106 Dec. 11 108 Dec. 1 Dec. 18 106 Sale Sale 260 116% Sale 103 Sale 108 Sale 107% Sale 112 Sale 111 120 Sale 98% Sale 108% Sale 96% 100 115% 103% 107% 107% 110% 122 95 93 22 105 Sale 83% 173,000 498,000 4,131,000 451,000 10,000 43,000 26,000 646,000 109,000 5a extended to July 1 ... 1943 J Montana Ext lat gold 4a... 1937 tPadfic Ext aterllng guar 4a.. 1940 St Paul Union Depot lat 5a guar.1972 Son Ant At Aran Paaa lat guar 4a.l943 .Sun Antonio Public Serv lat 6a A. 1952 San Diego Cons G Ac El 4s 1965 3 J J D J 106% Sale 104 103% J J 117% 89% 3 3 3 J 108% M N Sale 104% Sale Sale 109 {'Schulco Co guar 6Ha—......1946 3 'Stamped <. 3 .. 'Guar sinking fund 6H« B 382,000 • 'Stamped 147,000 Ado Vail At N B lat guar g 4a. For footnotes, see page 30. 1946 A O 1989 M N 75 Sale Sale 56% 60 57 58 50 112% 114 Mar. 12 5 114% Nov. 23 Oct. 23 Mar. 12 111 Feb. 106 Dec. 22 110 July 18 110 Dec. 11 3 5 Dec. Mar. 2 Aug. 18 96% Nov. 9 4 96 2 74 112% Dec. .3 123% Dec. 18 110 Jan. 2 95% Sept. 30 3 Aug. 8 112% Dec. Apr. 18 123% Dec. 18 Dec. 95 U9% Oct. 10 7 66% May Feb. 17 Dec. 11 7 Mar. 11 Oct. 14 2 44 Dec. 11 104% Apr. 64% Jan. 27 % Aug. Dec. 31 106 99 Dec. 16 1 104% Oct. 91 Oct. 9 July 78% Dec. 110% Jan. 102% Feb. 91% Mar. Dec. Dec. Dec. Dec. lift Dec. Sale 99 114% 102% 106% 106% Dec. Dec. Dec. Dec. 109% Dec. 119 98% 08% 98% 104% 18 v 77% Jan. 79% Jan. Dec. 22 87% Dec. 23 Dec. 30 2 123 Dec. 14 29 100% Dec. 9 31 106 30 120% Dec. 4 15 21 108% Dec. 28 17 107% Dec. 1 22 112% Dec. 1 2 104% Dec. Dec. 2 135 Dec. 21 100 3 111 Dec. Dec. 22 99% Dec. 15 Dec. Dec. 4 15 Dec. 12 2 Dec. 22 106% Dec. 31 7 106 10 106 Dec. Apr. Dec. 14 Jan. 13 3 275% Nov. 18 Nov. 25 Apr. 29 122 Jan. 9 104% Nov. 12 Oct. 5 108% Jan. 17 105 May 15 105% Mar. 27 108 106 July 14 113% Nov. 18 Nov. 2 Nov. 2 112 112 Dec. 15 106 July 8 135 Jan. 63 96 8 100% Feb. 25 95% July Dec. 15 May 4 111 98% Dec. 22 99% Dec. 12 106 5 106% Nov. 27 102% Feb. Jan/ 7 27% May 25 34 Dec. 2 21% Dec. 29 24% Dec. 1 21% May 29 26% Dec. 4 Dec. 29 Dec. 31 Dec, 29 22 Dec Dec, 64 Sale 64 Sale 52 52 Sale Sale 7 29 1 10 1 Mar. 26 June Dec. 7 June 18 Dec. 7 102% Dec. 19 103% Dec! 22 56% Dec. 16 57. Dec. 16 91% Dec. 31 91% Dec. 31 Dec. 31 79% Dec. 23 82 44 Dec. 50% Dec. 31 3 2 2 122% Dec. 122% Dec 108% Dec; 30 108% Dec. 22 Sept. 30 May 28 Jan. Jan. 6 Jan. 31 May 19 Feb. Feb. 1 7 Dec. 2 Dec, 17% Dec, 29 23% Dec, 22 27% Dec 17 29 Dec 17 85 Dec. 1 83 Dec. 30 85% Dec. 1 Dec. 45% Dec. 31 84% Dec, 16 19 83% Dec. 12 26% Sale Sale Sale Sale Sale 4 Dec. 22 Feb. Aug. 8 July 29 Jan. Sale Sale 97 J 69 Sale 57 Dec. 65% Dec. Sale Sale 49 J Dec. 53 lOOj Dec. 100% Dec. 107% Dec. 4 5 107% Dec. 8 4 2 7 Mar. Mar. 3 Dec. 31 87% Nov. 7 86 Sept. 26 51% Feb. 13 86 Feb. 19 2 Dec. 31 % Oct. 10 Dec. 24 Oct. 9 % Nov. 6 % Oct. 30 % Jan. 31 % Jan. 31 % Dec. 5 Dec. 31 Feb. 13 24% Dec. 31 Feb. 4 7 7 8 30 Sale Dec. 101% Dec. % Jail; % Feb. Dec. Dec. Dec. 30 Dec. 15 Dec. 21 Dec. 14 May 25 Dec. 14 Dec. 29 Dec. Dec. 15 Nov. 17 Dec. 14 Nov. 27 Mar. 25 Feb. 21 42 Dec. 19 Feb. 45 Dec. Feb. 122% 7 % Dec. 31 Dec. 24 8 72% Dec. Dec. 29 3 13 Dec. 21 Mar. % Dec. 31 Sale 19% Dec. Jan. Nov. 18 31 Dec. 31 100 Dec. Dec. 71 34% Aug. 75 Jan. 7 1 23 % Dec. 31 % Dec. 31 31 31 67% Jan. Feb. 31 31 28% Dec. 23% Dec. 27 6 Sept. 6 31 Dec. Dec. Dec. Dec. 35% 31% 34% 31% Dec. 25% Dec. 25% Dec. 25% Dec. Sale Jan. Jan. 102% Sept. 30 107% Jan. 2 101% Dec. 18 85 Apr. 28 5 78 June 5 40 79% Dec. 22 26% Dec. 23% Sale 2 23 3 Sept. 15 Sept. 15 20% Dec. 31 23% Dec. 22 34 Dec. 28 38% Dec. 23 Dec. 11 100% Dec. 25 30 Jan. 17 1 Dec. 29 105% Dec. Dec. 21 112% Dec. 21 I Dec. 18 102% Dec. Sale 105% Jan. _ Sale 30 Feb. 21 Mar. 3 7 103% 112% 101% 101% 100 103% 100 100% 21 24 Feb. 15 7 .... 70% Dec. 31 29 28% Jan. Dec. 29 103% Sale 112% Sale Sale Sale Sale , 9 Mar. 20 30 Dec. 22 11 16 Nov. 30 Feb. 18 28 Sale Nov. 27 Nov. 24 Dec. Dec. Dec, 71% Nov. 19 Nov. 18 Dec, Sale 46 Apr. 105% June 29 106% Apr. 18 82 31 Sale 3 113% Feb. 15 6 113% Oct. 29 2 Sale 9anta Fa Prase At Phanix 1st 5a_ .1942 M S 3 114 Jan. 74 18 106 Dec. 22 J 84% 83% 45% 84% 10 9 Apr. Jan. Dec. Sale 104% 104 h 101 >2 102 h 107% 122% Sale 102% 112% v Jan. Dec. 21 50% 121 122 122% 108% 108% 108% 20% Sale* 18% Sale 30 26% 18% 29 30% Sale 28% Sale Sale 20 Jan. 78% Dec. 10 Sale Sale 25 Aur. 26 112% Jan. 111 110 158 82 100% 13 31 105 79% Dec. 38% Dec. Sale Sale Sale 108 Sale 91% 100 9 32% Jan. 34 Jan. 109 Feb. 85 June Dec. 22J 33 Apr. 55 105 25. 45 108% Feb. 75 70% Dec. 23 106 P 84% ..... 111 111 14 5 Jan. 109 109 73 Dec. 96% Dec. 28 94 Sale 111% 102% 103 Nov. 12 Aug. 8 116% Dec. 2,2 107% Oct. 31 4 17 Dec. 23 Sale 105 Nov. 27 Feb. 10 113 Jan. 8 110 Jan. 10 103% Jan. 2 105 Mar. 13 103 Oct. 24 37 July 9 15% July 8 18 Dec. 17 105% Sept. 17 70 Jan. 2 24% e22% Dec. 29 20% 14 Dec. _ Mar. 20 120 ..... 58 Sale 34% Sale Jan. 89 111 Sept. 23 Dec. 9 95% Dec. 14 96 Dec. 112% Dec. 123% Dec. 103% 111® Dec. 24 108% Jan. 98% Jan. 89 Jan. 33 34 103 Dec. Dec. Dec. Dec. Dec. 94% Dec. 99% Sale 106% 105% Sale 28 27% 28 27% 27% Sale 30 27% 52 Sale 52% Sale Nov. 18 Aug. 13 108% Jan. 13 115 115% Jan. 10 126 Feb. 11 125 118 2 124% 115% Jan. Jan. 10 123% 116 Dec. 124% 124% 124% 123% 107% Dec. 122% Dec. 106% Dec. St Paul Minn Ac Manitoba— 1,345,000 159,000 115 Dec. 124% Dec. 124% Dec. 132% Sale 99% Sale 110 Sale Prices 109 115 72% Sale 106 •80% Sale 40% Sale 105% Sale 24% Sale 81% Dec. 29 Dec. 29 106 105%, 106% 105% Dec. 105% Dec. 105%, Sale" Sale Prices Jan. 9 Jan. 76 111 10 18 16% 89 80% 84% 83% Sale 115% Sale 122 104% Sale 105% Sale Sale 99% Sale 100 46 1 112% Dec. 113% Dec. 19 113% Dec. 19 113% Dec. 113% Dec. 115 105% 55 Dec. 114% 105% 31% 4 14 Dec. 93% 122 230 22 3 112 123 115 99 1 116% Dec. 112 Sale 111% 113% 113% 113% 105% 121 IIS 14 29 48 47% 24% Sale 19% Sale 119% 110% 105% Sale 96 Sale Sale Sale 118 15 Dec. 124% 126 124% 124% 121% 122% 125 123 123% Sale" 122 107% 107% Sale 107 110 110% 95 96% "96% 87 95 94% '87. 93 95 92% 90% 112% 111% 105% J J 121% 124 11 9 Dec. 23 Dec. 28 Dec. 23 129 Dec. 28 117 130% 124% 126 MN Gen mtge 4%s series G._ Revere Copper At Braaa 1st ♦Rlma Steel 1 1063 Sale M 417,000 278,000 5,681,000 9,161,000 98,000 45,000 57,000 1,()31,000 2.1220,000 8,000 229,000 1,631,000 65,000 760,000 1,550,000 Dec. Dec. Dec. 21 101 i 100% 101% 100 Dec. 103% Sale 102% Dec. 29 1043 Dec. 8 113% Dec. 114% 113 113% Sale 11,000 105 Dec. 24 Dec. 22 Sale Sale .1942 A O 112,000 .1942 MN 31,000 .1945 MN Con 4a serlea D guar 4 42,000 Gon 3 He aerlea E guar 4 11949 F A 2,000 Con 4a aerlea F guar g.........1953 J D 2,000 Gon 4a aerlea G guar g.........1957 MN 24,000 .1960 F A Con 4a eerlee H guar g_. 18,000 .1963 F A Con 4Ha serlea I g 101,000 .1964 M N 43,000 ; Con 4 He aerlea J guar. .1970 J D Gen guar 5s aeries A 754,000 744,000 General g 5a aer B_............1975 A O J .1977 J General 4 He aerlea G 919,000 .1943 MN 4,000 Pitts Va Ac Char lat guar 4a .1958 J D 625,000 Pitta Ac West Va lat 4Ha aer A .1959 A O lat mtge 4%« aerlea B 687,000 .1960 A O lat mtge 4Ha aerlea C 2,931,000 12,000 Pitta Y Ac Ash 1st gen 4a aer A. .1948 I D , 14% Dec. 21 112% Dec. 15 1123 1974 F 1977 J General 4 He aerlea D 317,000 Plllabury Flour Mills 20-yr 4a 61'Ooq Sale" 106 Dec. 31 18 1981 J Gen u 4H« aerlea G lat At ref 4 4s 112% Sale" 5 1980 -. General 5a Serlea B Phlla Company a ecu red Phlla filec Go lat 4H* 105 97% Dec. Highest Highest 1943 M.N .... lat 4 4aerlea G Phlla Bait At Waah lat 4 ) 6,286,000 Ph-'a At Read C & I ref 5a... Convertible deb 4e............ 1949 11,854,000 2,246.000 Philippine Ry lat 30-yr a f 4a....1937 , 112 Sale Sale 1936 Lowest Sale Prices Dec. 18 99 Sale Prices Ask Ask Bid Sale Peoria At Pekln Un lat 5H* 4... 1974 Pere Marquette lat 5a aerlea A... 1956 1956 lat 4a Serlea B 6.630,000 Bid Lowest Dec. 31 Dec. 1 1936 Hfl, 1940 Peoria At East lat com 4>... ♦Income 4a YEAR Jan. 2 Ask 2,308,000 3,121.000 73,000 3,404.000 2.213,000 RANGE FOR PRICES IN DECEMBER Price -BONDS 12 Months EXCHANGE-BONDS Dec. 12 6 26 Dec. 12 N. Y. STOCK JAN., 1937] Sales for 12 Months Value il H. Y. STOCK EXCHANGE Jan. 2 Dec. 1 1936 » - f » f A A AO 576,000 644,000 8,130,000 394,000 53,000 397,000 111,000 1,011,000 Shloyetsu El Pow 1st 4 Ha... ♦♦Siemens Ac Halskosec s f 4 7s ♦Debenture s f4Hs......... ♦SUesia Elec Corp 634"-.— 1,342,000 740,000 5,475,000 11,283,000 8,582,000 11,122,000 12,354,000 4,928,000 2,691,000 154,000 10,000 5,373,000 8,179,566 19,253,000 5,464,000 7,727,000 305,000 2,016,000 57,000 2,243,000 2,740,000 399,000 1,422,000 334,000 3,324,000 South BoUT At T 1st s 13 100*4 100*4 1951 J 1963 A f 5a.....-1941 I .1977 1049 May 1 1969 -1981 .....1946 ...... 10-year secured 3*4 J O 2,351,000 —- 128 9 M N 8034 Sale 87 *4 Sale 7654 Sale 77 Sale 76 34 Sale J 106 H Sale" 106 34 108 97 100 Sale '93" Sale" ill"' 53 Sale 68 34 Sale 7134 Sale 82 86 7534 77*4 9734 98 57 34 Sale 15 490,000 1944 4,631,000 Tenn Elec Power 1st 4s series A..1947 194,000 Term RR Assnof StL lstgiHs .1939 205,000 First cons g 5s ...........1944 1,129,000 Gen ref s f gold 4s .1953 2,937,000 Texarkana & F S Ry 5Ha A guar. 1950 2.683,000 Texas Corp deb 3H*——1951 J 56 96*4 Mar. 23 10334 Apr. 30 14*4 Jan. 27 8734 Jan. 76*4 Jan. 77 Dec. 10634 Sale 34 33*4 106*4 Sale Sale 102 111 Dec. Dec. 18* June 6 7 7 3 2 13 106*4 Jan. 22 10134 July 17 10834 Nov. 24 Jan. "Nov." 18 81*4 Dec. 15 Jan. Jan. 13 20 13 21 Dec. 29 Dec. 3 Dec. 24 Dec. 4 Nov.18 Dec. 30 101*4 Dec. 15 101 Dec. 21 104*4 Dec. 17 9 Dec. 9 105 105 Dec. Dec. 29 100 Dec. 18 103 3 104*4 Dec. 21 104*4 Dec. 2 Oct. Oct. Oct. Oct. Jan. Dec. 100*1 Nov. 99*4 Jan. 98 9034 Dec. Dec. 2 Nov.30 Dec. 30 1 112 77*4 Dec. 21 16 Nov. 27 96 Aug. Jan. 4 Dec. Jan. 7634 9734 106*4 10334 29 Nov. 10 108*4 10734 99*4 10034 10654 Feb. 102*4 Jan. 80*4 Jan. 14 4 Jan. Dec. Oct. Oct. Oct. Oct. Jan. Jan. Jan. Jan. Jan. Jan. 93*4 Dec. 24 4 21 110*4 Dec. 3 106*4 Dec. 29 105*4 Dec. 4 Dec. 32*4 Dec. 24 39 1 9 107*4 Dec. Dec. 106 Dec. 31 100*4 Dec. 18 102 109)1 Dec. 28 Sept. 26 Jan. Dec. 4 4 Nov. 30 Dec. 31 May 11 July 16 19 21 150*4 Sale 115*4 Sale 167 Sale 128 Dec. 30 136 Nov. 14834 Dec. 12 170 11334 Dec. 4 126** Dec. 30 11334 Dec. 104*4 Sale Dec. Dec. 22 105 104*4 104*4 104 12534 126 12534 Dec. 23 125*4 Dec. 104*4 98*4 109*4 119*4 11134 10834 105*4 — — D 98 97 97 Sale Sale Sale 125*4 127 J 128 105*4 Sale 106*4 Sale 107*4 108 Sale O Sale J J Sale 7934 Sale 99*4 Sale 96 H Sale 108 ..... D M 105*4 12634 130" 105*4 Sale 10634 Sale Sale 108 109 10934 Sale Sale Jig Sale Sale 39 101 Sale Sale 7734 Sale 76 Sale 10834 10834 Sale 108 10134 11034 106*4 122*4 12034 99*4 90*4 8834 102*4 »...i 85 Sale 115 10934 Sale 99 25 ♦{♦United Ry* St L 1st g 4s . ....1934 U S Pipe Ac Fdy cont deb 3*4* 1946 I? 8 Rubber 1st Ac ref As series A. .1947 Sale 113*4 116 Sale 28 Sale 101 10734 107*4 107*4 Sale 103 103*4 113*4 11334 3534 35*4 Sale 130 13534 14834 Sale Sale Sale 33*4 96*4 98*4 64*4 6034 34* 34 *_ 33*4 Sale Sale Sale Sale 2934 30 29*4 Sale 2934 Sale 10434 Sale 104*4 Sale Sale 87 Sale 9834 Sale 9234 Sale 11034 1153* 11334 11034 1153* 11334 33 33 ♦United Steel Wks g 4 Ha ser A..1951 ♦6 *$• series C— 1951 ♦Sinking fund deb 4Hs ser A..1947 Utah Light Ac Trac 1st Be ref 5s..1944 1944 '47 5s_................19$9 Vanadium Corp (Am) cont 5s... 1941 A Vandalla consol * 4s A ...1955 F O A 1957 MN 107*4 107*4 2*1 .1934 ----- D 1955 M N M 8 "il" Sale" 107*4 Sale 65 121 Nov. 19 112 Nov. 27 109 106 Nov. 19 107 Oct. Dec. 2 Dec. 10 Dec. 4 Dec. 1 Dec. 31 Dec. 1 Dec. 1 70 Sale Sale 20 20. '2734 103*4 Sale 10534 69 65 2*4 3234 Sale 61 Jan. 116 108 10534 Jan. 110 94*4' Dec. 1 4 Dec. 122 108 Dec. 3 Dec. 31 11634 Dec. 110 Dec. 1 113 2 1 Dec. 24 Sale Sale Sale 100 Dec. 2 114*4 Dec. 2 Dec. 22 103 114*4 Dec. 34*4 Dec. 133 Dec. 106*4 Dec. e23*4 Dec. 2634 Dec. 23 Dec. 2 9 2 37 Dec. 24 Dec. 2 150*4 Dec. 30 I>ec. 1 29*4 Dec. 2 29*1 Dec. 1 29*4 Dec. 1 10434 Dec. 1 10534 Dec. 9 7134 Dec. 8 <69*4 Dec. 7 9234 Dec. 1 98*4 Dec. 24 Dec. 3 103 31 10734 29 24 29 Dec. 22 10334 Dec. 19 4 6634 Dec. 64 Sale 67 Sale 3 5 Dec. 23 Dec. 9 14 21 Dec. 2 10834 Dec. 10 Nov. 4 Feb. 7 24 10354 Apr. 11 7334 Oct. 57 34 Jan. 2234 Jan. 10054 Jan. 71 Oct. 130*4 Dec. 16 106*4 Nov. 5 Jan. Jan. 97 97 43 Dec. 19 9934 Jan. ----- 4 3 110 28 105 3 1023 Apr , 9634 Jan. ----- 3*4 J ♦♦July 1914 coupon off.. ♦Vertlentes Sugar 7s ctfa....... 1942 s* Jan. 10534 Jan. 8734 Jan. 10134 July Dec. 3 Dec. 10 Dec. 14 Dec. 1 102 r23 107 May Sale 107 JSaie 1113 94 Dec. 30 Dec. 31 Dec. 12 Dec. 21 Dec. 2 25 13 10934 Sept. Dec. 29 102*4 Dec. 19 Dec. Jan. 103 Dec. 29 Dec. 30 100 Dec. 21 102*4 Dec. 9 Dec. 8 107*4 Dec. 21 108 Sale Sale 103*4 773 2 1083 19 9 Dec. 24 108 10034 Sale 111*4 Dec. 84*4 Dec. 28 121 Sale .1953 1944 107 103*4 11534 10934 112*4 10034 Sale 112*4 Sale 10V 71 Sale 110 10654 107 10634 Dec. 10734 Dec. 21 10834 109 Dec. 14 10934 66*4 Dec. 28 71 36*4 Dec. 28 39 101 Dec. 31 10234 Sale 115*1 35-year 334» debenture 1971 MN (Amer) deb 5s... 1950 A o 1 108 Dec. 12634 Oct. 28 Dec. 31 Dec. 17 9 10634 Dec. Dec. 10634 106 1 106 Dec. 7 106 10534 Dec. Dec. 14 Dec. 30 22 21*4 20 J 34-year 3J4s debenture........1970 A O 11 Dec. 30 126*4 Dec. 30 3105 7434 Jan. Jan. 9934 Jan. 127 H "Dec. "29 130 *i" Dec. 16 11734 Jan. lftfi!V. 98 Jan. 7 10534 Dec. 21 106*4 Dec. 102*4 102 P United Biscuit 4 , 2 86*4 Feb. 18 10834 Dec. 30 2 103 11034 -w- 94*4 10634 10734 10534 10534 Sale 105*4 22 2434 20 121 12134 10634 Sale 107 ...June 2088 M R 2170 120 10734 10.834 106*4 "D'e'c."21 106*4 "Dec."21 12234 Dec. 4 121*4 123 11934 Dec. 21 123 123 100 Dec. 2 10234 Dec. 28 102*4 100 Dec. 29 91 8834 Dec. 19 90 93*4 88*4 Dec. 7 1 90 89*4 90*4 8834 Dec. Sale Sale 8 122 10*H 10434 104*4 10434 Dec. 19 104*4 98 Dec. 21 10234 Sale 10234 Sale 110 108*4 11034 109*4 Dec. 10 109*4 Sale 11834 Dec. 19 11934 119*4 11834 11134 Sale 11134 Dec. 21 111*4 Sale 107*4 10834 107*4 Dec. 9 109 Sale 105*4 Sale 104*4 Dec. 21 105*4 109 A First At refunding 4s.....June 2008 M Oct. Mar. 19 June 30 23 Oct. J 12-year 4s cont deb ; .1947 Union Pac RR 1st Ac land gr g is. 1947 J For footnotes, see page 30. 3 3 107*4 Jan. Union Oil Cat 30-yr is ser A May 1942 F A MN 1949 Sale Sale Sale 2 Sept. 22 Aug. 10 12 128 Union El Lt At Pow (Mo) g As 1957 AO J Union Elec L Ac P (HI) 1st 5Ha... 1954 J ♦{♦Union Slot Ry Chic 1st As. ...1945 A O ser A 196,000 Va Iron Coal Ac Coke 1st g 8s Sale 36 107*4 Dec. 14 108*4 Dec. Dec. 80 59*4 Jan. 42*4 Jan. 105*4 Sale Sale Sale i6134"jan"~2 i07 12034 Feb. 20 122 115 May 9 130 9034 Jan. 6 10234 8434 Jan. 8 98 79 May 19 9334 Oct. 28 Nov.~25 Mat Feb. 28 19 Dec. 28 Oct. 5 Sept. 1 9954 July 29 10734 May 11 10734 Aug. 29 25 Nov. 12234 July 6 8 21 116*4 Nov. 10 11134 Mar* 5 Jan. 14 118 10034 Dec. 29 123 10234 109*4 10334 11434 Feb. Dec. Jan. Dec. 9 23 2 Nov. 13 Nov. 20 15034 Dec. 30 38 Apr. P 33 13 Jan. 22 Feb. 3334 Jan 10434 Ja 105*4 No 78 July 75 May 13 9834 Apr. 25 111 Jan. 18 110*4 June 22 634 July 6 6 21 19 30 30 Ddc. 24 Nov. 27 Nov. 25 Feb. 10 2*4 36 Sale 10934 Sale 65*4 72 4234 Dec. 3134 Dec. 21 9 110 Dec. Dec. 2 67 Dec. 61*4 Dec. 109 7 1 4 rm mm ~i' • Dec. 15 Dec. 11 Dec. 31 Dec. 2l 119 Dec. 15 8134 Jan. Apr. 105*4 Dec. 21 106*4 Dec. 16 105 .... 1,581,000 Virginia El Ac Pow 4s 18$ Dec. 12 2 1 12 334 July 24 10534 May 12 9434 Apr. 30 Sale 116,665 Tor Ham Ac Buff 1st 4s... 101*4 Sale 20,000 Trenton Gas Ac Elec 1st As.... .1949 M 9 119*4 120*4 224,000 Trl-Contln'l Corp cont deb As ser A*53 1 J 117*4 118 287,000 Truax-Traet Coal cont 4H> 88 1943 MN 102,000 ♦Tyrol Hydro-Elec Power 7Hs...l955 82 84 139,000 90 ♦Guar sec s f 7s 1952 f~A 3,586',666 Sale Dec. Dec. Dec. Dec. 31 1534 Dec. 15 11734 112" M S 1944 1 21,000 3,000 Coneol 4s Series B. 1,003,000 ♦♦Vera Crux Ac Pacific 1st 4 Hs. 1 Dec. 2 Dec. 2 Dec. 1 Dec. 11 Dec. 12 36 10 334 July 107" "9834 "§934 673,000 Tol St L & West 1st g 4s......... 1950 A O Tol W Ya Ac Ohio 1st guar 4s C..1942 MS 1,848,000 Dec. 107*4 Dec. 30 Sale Sale Sale Sale Sale Sale 't: 20*4 Dec. 15 105 Sale 117*4 11834 Tokyo Electric Light (Ltd) 3,047,000 1st Mbl Series. June IB 1953 1,407,000 Toledo Ac Ohio Cent ref Ar Imp 3 H* *40 Debenture 16 8 • 1934 Dec. 15 18 Dec. 30 21*4 Dec. 15 116.. Sale 10634 106*4 lXo mmmm Utilities Pow Ac Ltg deb g 5Hs 4 Sale Prices Dec, 31 34 Dec. 31 13 Dec. 16 34 104 84 105H Sale 10534 Sale 8734 Sale Texas Ac N O cons g 5s ..........1943 Vexes Ac Pacific 1st g 5s ....3000 Utah Power Ac Light 1st 5s 11 6*1 1334 22 29 21 22 1 6 23 30 May Apr. Apr. May July May Apr. June 104 Sale 97 Sale 109 34 11034 1951 U N J RR Be. Canal Co gen 4s. Dec. 11*4 334 1936 74 75 119H 12034 B. 1947 United Drug Co (Del) As 99 Sale Sale 80 80 99 Sale Sale 101*4 Sale 105 102 105 Sale Sale" 103 101 rl04*4 Sale 104*4 106 Sale 90*4 90*4 93 Sale 110 109*4 Sale 107 100 A 1st Hen Or re? 81 69*1 8 19 102*4 Dec. 18 106*4 Dec. 16 129*4 Dec. 105*4 Sale 105*4 106 1334 A UJIgawa Elec Power secured 7a..1945 23 I6§" M M N Tenn Copper <4 Chem— Conr deb 4a series B 449,000 419,000 439,000 199,000 505,000 3,163,000 3,554,000 2,844,000 384,000 30,000 2,028,000 485,000 6,057,000 157,000 662,000 2,347,000 6,380,000 449,000 111,000 331,000 3,422,000 4,352,000 2,959,000 6,658,000 23*4 Dec. 108*4 Sale 6 F ..... 19 105*4 Dec. 31 97*4 Dec. 22 98 Dec. 22 99 95 93*4 Dec. 22 95 93 Dec. 23 93 Dec. 22 94*4 102*4 100*4 Dec. 19 108*4 109*4 107*1 Dec. 24 103*4 Dec. 24 103*4 Without warrants.......... 1956 F 754,000 2,418:000 Gen ref 5s ser B..............1977 2,582,000 Gen Ac ref As series 1979 2,671,000 Gen Ac ref As ser D |o«o 157,000 Tex Pac—Mo Pac Term AH* A—1964 3,259,000 Third Ate 1st ref is.... 1940 12,578,000 ♦Adjustment Income As Jan 1«4S 671,000 Third Ate RR 1st gold As 1937 Sale Dec. 3 8 8 10234 Dec. 59*4 Dec. 10 31 108 ..... or 102* 106* Dec. 31 Dec. 12 108*4 Sale Mobile Ac Ohio coll tr 4s ...1938 M S Southw Bell Tel 3 He series B 1964 J D S'western Gas Ac Elec 4s ser D...1960 MN T enn Cent Ry 1st M 4s ser A 80 106*4 Sale 99*4 Sale 99*4 Sale 95 Sale 9434 Sate 9434 Sale 101*4 Sale 109*4 Sale 103*4 1937 J J is....1985 J J ....1955 Southern Ry 1st cons 5s.... 1994 Derel Ac gen is aeries A... 1954 Derel Ac gen 4s series A. 1956 Derel Ac gen 4Ks aeries A.....1956 Memphis Dlr 1st g As.........1996 St Louis Dlr 1st g is.........1951 Bast Tenn reorg lien 5s.. 1938 M S 94,000 Tenn Coal Iron Ac RR gen Be 73,000 23 68 104*4 114*4 Sale Sale South Pac Coast guar 4s..... : 80 18 2 14*4 Dec. 15 10*4 Dec. Dec. 11 1 115 110*4 Dec. 99*4 Dec. 21 ma Dec. 31 107*4 Sale South Pac RR 1st ref guar 4s stamped............ Symington-Gould Corp— 1st mtge conr Inc (with war'ts) 1956 15*4 Dec. 15 103 J {•Spokane Internet let g 8s ...1955 J Staley (A E) Mfg 1st mtge 4s 1946 F A Standard OH N J deb 3s. 1961 J D Staten lal Ry 1st gu g 4Hs. 1943 J D 9,694,565 ♦Studebaker Corp conr deb 6s.. 1945 J J 1,337,000 Swift & Co 1st M .......1950 MB 193,000 134,000 2 J San Francisco Tens 1st 4s.. v 1950 A O So Pac of Calif 1st cons 5a.... ..1937 MN . 36 J D M J 2 Dec. 102*4 102*4 Dec. 51*4 Sale" 51*4 Dec. 23 23 Dec. "68" 70*4 68*4 Dec. 102*4 Sale 101*4 Dec. 105*4 Dec. 106*4 Sale 125 129*4 Dec. 50*4 J 1950 A O 1st 4Hs (Oregon Lines) aer A. Gold 4Ha... Sale Sale 101 100*4 82*4 102 Southern Colorado Power 1st 4 4s *47 J Sou Pac Co 4s Cent Pac coll Aug. *49 J Gold 4Hs Gold 4Hs 36 110*4 1941 FA Slleslan-Am Corp coll tr 4 7s. 3 27*4 Dec. 10*4 Dec. # 8 1951 M S 1946 F A 3,247,000 Skelly Oil debenture 4s..... 2,871,000 Socony-Vacuum Oil deb 3H«~ 49,000 South 4c Nor Ala gu 5s........ 434 734 1534 Dec. 21*4 Dec. 15 20*4 Dec. 15 13*4 Sale Sale 1935 J 2 Sale Sale 29 M 6*1 Dec. 30 Dec. 16 1951 M 8 D 1953 1 4H*> 1951 19*4 Dec. 15 Sale ♦Certificates of deposit..... Sharon Steel Corp cony deb Shell Union OH deb 334» 2 4 Sale Sale Sale Sale 24 12* MB {Seaboard-All Fie 1st 4* A...... 1935 4,953,000 ♦Certificates of deposit.... ...1935 Series B... 13 7*4 Dec. 12*4 Dec, 12*4 Dec. 34 iff? Dec. 31 Dec. 31 Dec. 16 34 34 13 23*4 Dec. Sale Sale Sale Prices Sale Prices 4 Sale M S ■" Sale Prices 34 Sale Sale Sale AO F Ask 29 Sale O A® Highest Lowest Highest Lowest Dec. 31 Ask Bid $ 159,000 ♦{♦Seaboard Air Liu* lit 4 4a .. 1440 ♦♦Stamped 4«................. 1950 3,058,000 ♦ Adjustment 5*. 1,644,000 Oct 1949 1959 4,156,000 ♦♦Refunding 4 4a. ♦Certificates of deposit., 1,357,000 ♦let Ac cons 4s aerie* \ ...1945 14,543,000 ♦Certificates of deposit..... 6,553,000 ♦♦Atlan-BIrm Dlv 1st 4 4s. May 1933 1,096,000 RANGE FOR YEAR PRICES IN DECEMBER Price BONDS 89 EXCHANGE-BONDS 11 Jan. 2 4234 Dec. 7 Dec. 1 10634 Mar. 12 110 58 Oct. 22 July 27 72 dm; 30 N. Y. STOCK EXCHANGE—BONDS Jk. Sales for 12 Months BONDS Value N. 7. STOCK EXCHANGE Price S Va Ac Southwest let guar 5s First cons 5s 2003 J 3,058,000 Virginian Ry 1st & ref 3%s 3,567,000 set 1st lien 50-year gold Det & Ch Ex 1st g 5s O 81 1939 F Sale A 94% 1954 86 1941 Dee Moines D1t 1st g 4a Omaha Dlt 1st g 3%s "72" 1939 1941 Bid Sale" 30 v Sale 28 Sale ... Sale .... ♦Certificates of deposit Walker (Hiram) G 5c W deb 4%s Walworth Co 1st mtge 4s 728,000 7,676,000 Warner Bros Pictures J*D O 1955 A 1955 A O 6s debentures 4,973,000 2,270,000 1,171,000 73,000 186,000 54,000 10,000 265,000 190,000 1945 conr deb 6sl939 M S {♦Warner Quintan con* deb 6s. .1939 M ♦Wane * Bros Co deb 6s 1941 M ♦Certificates of deposit Warren R R 1st ref gu g 3%a 33 Sale S 41 * 42 Sale Wash Wat Pow 1st ref 5s Westchester Light gold »s.. West Penn Power 5s series E ..1945 F 1939 J 1950 J A A J D 1963 M S 175,000 1st mtge g 4s series H 1961 J J 1st mtge 3%s series I..........1966 J 293,000 West Maryland 1st g 4s First 8fc ref 5%s series A West N Y 5c Penn 1st g 5s... 331,066 3,192,000 {♦Western Pacific 1st 763,060 2,104,000 2,683,000 4,022,000 ...1952 A O J 1977 J 1937 J 5s ser J 1943 A General gold 4s 3,737,600 i O A...1946 MP Gold 1938 1951 J Gold 5s {♦Wickwlre-Spencer Steel 1st J J J J I M S M S F 96% Sale 107 104 108 36 35% 106 Sale 104% Sale 36% Sale Sale 103% Sale 103% Sale 104% Sale 32% Sale 85% Sale 79% 81 103% 104 107% 108 A MN 89" '92" 22% Sale 1936 ) Ask 115 Sale Prices Sale Prices 103% Sale 103% 96% Sale 96% 85 83% 88% Sale 103 Sale 1Q3% Sale Sale 97% Dec. 10 88% 103 ~80" 83 76 71 99% 67% 97% 71 99 Sale 38 33% 39% 38% 35% 40% Sale 40 "46" Dec. 23 104% Dec. 11 96% Dec. 30 102% 78% 68% 97% 36% 37 Dec. '"I Dec. 29 Dec. 18 Dec. 22 Doc. 22 Dec. 30 153 % "Dec." "I 78% Dec. 29 68% Dec. 18 98 Dec. 23 40% Dec. 31 37 Sale 39% Sale 55 111 Wtt 99% Sale Sale 52 74 Sale Sale Sale 74 Sale 83 Sale 110 112 77% 102% 110% 79% Sale Dec. 31 Dec. 31 Dec. 31 Dec. 31 Dec. 11 Dec. 1 37 Jan. 77 99 I63r"~Dec. Dec. 22 36 106 106 Dec. 22 Dec. 22 38 Dec. 1 Dec. 31 37% Dec. 31 18 104% Dec. 30 Dec. 18 112% Dec. 7 Dec. 23 107% Dec. 9 Dec. Dec. 29 109% Dec. 7 Dec. 30 25% Dec. 1 Dec. 18 Dec. 31 100 Dec. 23 95% Dec. 4 35% Dec. 22 40% Dec. 4 32 28 2 Nov. 17 98 Nov. 17 Dec. 3 Dec. 10 8 June 83 May 14 Dec. 22 103 110% Dec. 29112% Dec. 28 Dec. 112 May 126% Nov. 23 123% Oct. 20 Feb. Jan. Jan. Mar. Jan. Jan. Jan. 110 7 21 27 May 21 May 20 104 Dec. 103 Jan. Jan. Jan. 109% 99% Dec. 22 32 18 2 100% Dec. 14 107% Oct. 107% Aug. 1 Ill Oct. Nov. 83% Dec. 7 Dec. 29 31 87 59 84 3 96% Nov. Jan. Dec. 18 109% Dec. 1 106% Dec. 15 1 Dec. 10 107% Dec. 22 100% Dec. 2 Dec. Dec. 111% July 119 104% Dec. Oct. Jan. 7 Dec. Sept. 10 29 36% Dec. 31 40% Nov. 5 Jan. 2 123 Dec. 1 109% Dec. Dec. 7 40 Jan. Dec. 19 110% Dec. 29 Dec. 28 112% Dec. 28 3 Dec. 21 109% Dec. 4 126% Dec. 17 Dec. Mar. 37 40 Apr. May 26 May 24% June 26 May 25 Apr. 103% Apr. 28 9 42% Oct. 38% Oct. , 41% 41% 77 94% 105% 109% 109% 121% 1 Mar. 26% May July 70 & 103 % Dec. Jan. 89 11 11 Oct. Jan. Dec. 106 35% 60 2 15 Nov. 19 Dec. Jan. 27 25 112% 113% 112% 113% 112% Dec".' "9 113% D'ec. 15 102% Sale 102% Sale 8 101% Dec. 29 102% Dec. 103% Sale 1 104% Dec. 28 104% 104% 103% Dec. 37% Sale 72 Dec. 31 Dec. 18 100% Oct. 104% Feb. Jan. Jan. Jan. Feb. 71 Sale 106% 100% 99% 111% Ill Sale 33% Sale 32% 104% 104 112 111% Sale 106% Sale 108% Sale 108 107% 23 25% Sale 20% 21% 98% Sale 97% Sale 97% 94 95% 95% 93 106" 98% 84% 67% 100% 86 166 107 107% Sale 100% 100% Sale 110* 38 34% Sale Sale 37% 104% 104% Sale 112 111% 107 107% 107% 2 26 81 111 6 112% Nov. 103% May 29 109 Dec. 28 116% 106% Sale Feb. Jan. 81 4 100% Dec. 14 3 Dec. 51% Dec. 28 59 72 Dec. 84 Dec. 10 8 71% Dec. 83% Dec. 98 110% 112 112% 109 Ho" 109% 109% 110 126 126% 126% 125% 122% 122% 123% 122% 109% Sale 108% 109% 109% 109 Sale 109 108% 105 104 Dec. 30 35% Dec. 29 40 34% Dec. 30 37% Sale 35 Sale 34 Dec* 23 39 37% 36% Sale 33% Dec. 21 36% Sale 1 "36% Sale 36% Dec. 40% iW Sale 36 35% Dec. 30 36 Sale 108% Sale" 108 107% Dec. 22 110% Sale 84 86% Sale 84 Dec. 18 86% 96 7 95% Sale 95 Dec. 97% 98 34 39 Sale Prices Sale Prices Sale 98 Highest Dec. 106% 29 Dec. 15 3 15 109 Mar. 5 104% Jan. 20 Sept. 29 Feb. 10 Jan. 23 "I* ii?A 18 3 112% 2 107% 2 109% Apr. 9 Dec. 7 21% Dec. 30 33% 85 Jan. 3 100 96 Jan. 3 81 Jan. 4 107% 104 114 Wn* Jan. 9 99 Apr. 30 102% Jan. 3 104% 90 Jan. 103% Jan. 104 Jan. 18% July 8 Nov. 13 Nov. 19 20 Nov. 20 Nov. 16 June 16 Nov. 28 Nov. 20 Dec. 28- 40% Dec. |4 Ann Be Sioux Falls 1st 5s MN J 1,903.666 161,006 J Sale 107% Sale J ♦♦Sup 8c Dul Dlv 8c Ter 1st 4s. 1936 MN ♦Certificates of deposit 4,000 {♦Worcester AConn East Ry 6M* 1943 12,687,000 4,509,000 Sale D 1938 J 3,535,000 Wilson 5e Co IstM 4s ser A ...195 147,000 Winston-Salem S B 1st 4s ..I960 4,222,000 {♦Wisconsin Cent 1st gen g 4s..1949 J 1,115,000 ♦Certificates of deposit n Youngstown Sheet 5c Tube— Cony deb 3%s ........1951 F 1st mtge s f 4s series C receivership, or being reorganized under Section 77 Bankruptcy Act, or securities assumed by such companies. Negotiability impaired by maturity. Bond selling flat. a Deferred delivery sales, only transactions of the current month, and not included in year's range. A; vv,;,va. ;-XI A Sale 37% Sale 35 Dec. 21 40% Dec. 61% Sale Dec. 63% 59% Dec. 12 62 105% 105% 105% Dec. 24 105% Dec. Sale 104% Sale" 103 102% Dec. 22 104% Dec. 113 115 ni% 115 Dec. 112% Dec. 15 115 Sale 29 34% Sale 2 35 Dec. 28% Dec. Sale 27 31% Sale 2 32% Dec. 26% Dec. Sale 23 25% Sale 21% Dec. 29 25% Dec. 15 Sale 20% 22 20 Dec. 8 23 Dec. 10% 25% 25% Dec. 29 25% Dec. 8?H 132% Sale 1961 MN t Accrued interest payable at the exchange rate of $4.8484 to the £ sterling. { Companies reported as being in bankrutpcy. * 116" I Ctfs dep Chase Nat Bank 103,000 Wilmar ♦ 94 7s. 1935 {♦Wlckwire-8pen StT Co 7s. Jon 1935 8,180,000 Ctfs dep Chase Nat Bank.. 847,000 Wilkes-Barre 5c East 1st gu g 5s 1942 of the D .....1960 M S 4,831,660 Wheeling Steel Corp 4%s ser A..1966 430,600 White Sewing Machine deb 6S...1940 2,205,000 j"j 1954 M N 5s „ ... 107 eAssented........................ Western Union coll tr 5s Fund 5t real est 4Mb gold 508,000 «Westphalia Un El Pow 6s 1953 3,913,066 West Shore 1st 4s guar.........2361 1,236,000 Registered..... ...2361 15,660 Wheeling 5c Lake Erie Ry 4s D..1966 197,000 Wheel 8r L Erie RR 1st con g 4s..1949 & 93 105% Sale 107% 110% III' 120% 122 120% 3 1,879,006 r Sale 77% 1948 Q M 1945 F 272,000 7,545,000 YEAR Lowest 106% Sale Sale 2000 FA Wash Cent Ry 1st g 4s Wash Term 1st guar 3Ms.... 1st 40-year guar 4s 271,000 86 8 Highest 112% Dec. 17 112% Dec. 17 97% Dec. 29 100 Dec. 5 106 Dec. 22 108% Dec. 4 Sale ... 99.000 Ask Bid 99 "68% 60 96,000 Tol & Chic DIt 1st g 48 1941 M 6 2,849,000 {♦Wabash Ry ref 8c gen 5^8 A. 1975 US 97,000 ♦Certificates of deposit 3,114,000 ♦Ref 5c gen 5s (Feb '33 coup) B.1976 f" A 81,000 ♦Certificates of deposit.... 4.750,000 ♦Ref Br gen 4%s series C ,1978 Vo 174,000 ♦Certificates of deposit ♦Ref 5c gen 5s series D. 3,877,000 1980 AO 4,202,000 4,896,000 RANGE FOR Lowest Dec. 31 110% 112% 112 Sale 108 1939 M N 4s term Ask 102% 108 S M A.1966 {Wabash RR 1st gold 5a.. ♦Second gold 5s 1,414,000 21,000 5,000 A h 77,000 331,000 * J 1958 A ... Dec. 1 1936V Bid 58,000 1,535,000 PRICES IN DECEMBER Jan. 2 ■5 ft. 104 » Sale 129% Sale 104% Sale 127% Dec. 21 134% Dec. 14 103% Dec. 22 104% Dec. 31 Under the rule sales, only transactions of the year's range. current month. and not included in rCash sales, only transactions of the current month, and not included in year's range* The following cash sales were transacted during the current month and are not in¬ cluded in the monthly or yearly range: Amer. Rolling Mill 4%s, 1945, Dec. 3 at 141. Berlin City Elec. 6%s, 1951, Dec. 31 at 21%. Erie & Jersey 6s, 1955, Dec. 8 at 123%. > © 18% July 45 Jan. 105% Dec. 99% Apr 107 Jan. 15% Jan. 15% Jan. 40 68 Dec. Oct. 107% Mar. 4 17 5 104% Nov. 27 115 35 Dec. 23 Dec. 16 32% Dec. 11 9 9 21 Jan. Mar. 25% Dec. 10' May 25% Dec. 29 105* July July 98 23 140 105 Dec. Oct. 19 9 Nov. 19 Consolidated Ry. 4s, 1956, Dec. 31 at 34. Karstadt 6s ctfs. w. w. stamped, Dec. 30 at 29%. Rhine Westphalia 7s, 1950, Dec. 30 at 22. Rio Grande do Sul 7s, 1966, Dec. 31 at 25%. United Steel Works 6%s A1951, Dec. 31 at 23* s The following deferred delivery sales were trans¬ acted during the current month and are not included in the monthly or yearly ranore: French 7s stamped 1949, Dec. 17 at 127%. Nord Rys. 6%s, 1950, Dec. 31 at 105%. V;» • ;v. : ■:L&: JJ- MONTHLY AND YEARLY RECORD AGGREGATE ■ In RANGE FOR PRICES IN DECEMBER SALES 12 Months December Lowest 1936 Shares Shares Par Abraham Ac Straus.........* Preferred. . ..........100 .. Acme Steel Co Adams Express 25 * .... Adams Millie Addressograph Multlgraph 10 Advance Rumely Affiliated Products..... * * Air Reduction Inc..... ....* Air-Way Blec Appll Corp * Alabama Ac Vicksburg Ry.100 Alasaa Juneau Gold Min.10 Albany Ac Sua RR Co.. ..100 f Allegheny Corp.. _...__.* Pref series A $30 warr'ts .100 Pref series A SAO warr'ts 100 Pref series A $30 ex-war .100 $2.50 prior conv pref.....* Alleghany Steel * Allegh Ac West Ry 6% quar 100 Allied Chem Ac Dye... • Allied Mills Co Inc..... ♦ Allied Stores Corp.........* 5% preferred .......100 Allls Chalmers Mfg * .... Alpha Portland Cement • Amalg'mLeatberCog.IncNewl 6% cum Amerada preferreQ>.......50 Corp Amer Agric Chemical * (Del).* American Bank Note.. Preferred. 10 50 . Am Brake SAP ......" 5H % cony preferred American Can Preferred .100 '.25 .....100 Amer Car Ac Foundry... * Preferred American 100 Chain * Preferred ...100 American Chicle... Am Coal * of Co Alleghany County, N J .....23 American Colortype 10 Am Com Alcohol Amer Crystal • .......20 Sugar Co 10 6% 1st preferred 100 Amer Encaustic Tiling.....1 Am European Securities....* American Express Co 100 Am A Foreign Power • Preferred ..♦ 2d pref A Preferred _._.* (6)__... Am Hawaiian Steamship...10 American Hide & Leather ..1 .] 6% preferred 50 Amer Home Products 1 American Ice .....*.**.^..i.* Preferred. ^ .........*..100 Amer Internet Corp.. ...* Amer Locomotive * Preferred ......100 Am Mach & Amer Foundry _._* Machine A Metals.... American Metal ♦ 6% Conv preferred 100 American News N Y Corp...* Amer Power & Light........* $6 preferred..............* $5 preferred..... ,'..* Am Radiator & Stand San..* Preferred 100 American Rolling Mill 25 Am Safety Razor new...18.50 American Seating Co.... ..* American Shipbuilding ....* Refining,. ......... lit 3d Preferred...........100 Amer Smelt Ac Preferred American Snuff .. 25 .. Preferred......100 Amer Steel Foundries......* Preferred. 100 American Stores • American Sugar Refining. 100 Preferred Am Sum Amer .............100 Tob • Telep A Teleg American ...100 Tobacco ........23 Class B 23 Preferred........ t Amer Type Founders Preferred.. 100 new. . * ........100 Am Wat Wks Ac El • 1st preferred.............* American Woolen..........* Preferred 100 tAm Writing Paper Co. Inc.l $6 preferred.............* Amer Zinc, Lead & Smelt 1 Preferred....... ....... $5 prior preferred .23 25 Highest Lowest YEAR 1936 Highest 33 AGGREGATE In SALES ^ : STOCKS Shares Jan. 2 1936 Shares 360.400 4,000 14,600 440 6,900 2,600 8,300 6,390 62,200 38,000 91,100 i 40 1,600 397,400 3,000 200 , 14,200 11,100 20,100 200 „ 39,900 1,800 400 88,250 J-4°o 87,400 4,400 6.200 85,000 , 930 Anaconda Copper..: 5® Anaconda Wire A Cable....* 29 % 36 100 ... . , 60,400 970,900 19,900 S00 ,61.200 Sale 37 15% Sale Preferred............... * 104 104% 12 % Sale Andes Copper Mining Co..20 A P W Paper Co...... • 3% Sale 45 Archer Daniels Mid..... * Sale 121 35,950 Armour (Del) pref 100 106 2,201,200 Armour of Illinois ......5 4% $6 convertible preferred..* 100,800 66% Preferred 100 100% ; : 3,200 263,300 Armstrong Cork Co........* 49% 8 328,300 Arnold Constable Corp.....5 380,600 Artloom Corporation. 8% * 860 Preferred.. 100 89% 603,300 Associated Dry Goods......I 15 ? 1st preferred. 8,800 100 104% 2d preferred. 6,200 100 100 955,550 AtchlsonTop A S Fe 60 100 72,500 Preferred.. ...100 92% .100 965,800 Atlan Coast Line RR 30% 62,100 Atl G & W I SS Lines.......* 13% 1.300 Dec. 1 Ask Sid Anchor Cap Corp..........* Preferred. ... 1 Preferred ..100 Atlantic Reflnlnd 20 —. 4% conv pref series A...100 Atlas Powder...............* 15 Sale Sale Sale 115 Sale Sale 8% Sale" 107 102 Sale Sale Sale Sale 16 27% Sale "48% Sale" 167,200 JSf'100 1,952,400 10,700 >84°® i 49% 85% 20% 105% Sale 193,900 392,400 178,600 7.800 39,000 „ 125,100 2,062,102 29,100 2,500 249,loo 13,420 „ 1,560,000 20,600 - 90 100 100 50 100 2,097,400 9,500 * Preferred 100 Barnsdall Oil Co 5 Beatrice Creamery 25 10,000 25,700 iSi'S00 380 3,190 , 108,300 24,600 114% 115 13% "14% Sale 85 14% Sale 111% 111% 18% Sale ::::: "35% 88 89 13% Sale 83% 86 23% Sale 21% Sale 50% Sale Corp (Del).* 5% preferred..........._20 7% preferred. 100 Blumenthal A Co pref..—100 1,316,300 Boeing Airplane Co ...5 240,300 Bohn Alum A Brass Corp 5 880 9,910 24,910 580 68,900 25,200 Bon Ami class A * * Class B 800,137 Borden Co, (The) 357.000 Borg-Warner Corp 71,500 Boston & Maine 64,540 tBotany Cons Mills A 13,100 12,900 71,100 524,400 940,700 74,500 66,900 465,000 68,900 482,200 43,200 151,272 22,700 333,700 624,400 41,300 5,500 -3,500 25,600 J'lt00 1,100 14,100 ; 2,400 27,500 110,200 ■V W130 o 156,900 1.820 „ 2,871,900 ...15 10 "23% Sale' 59,600 24,800 15,000 42,200 18,700 3,300 1,520 22,800 29,130 33,200 24,900 16,900 113,600 Bristol-Myers Co. .5 Brooklyn Ac Queens Transit. * Preferred.. Bldyn-Manhattan Transit ..* SO preferred series A......* Brooklyn Union Gas Brown Shoe, Inc. * .......* ^ . . Srunswick-Balke-Coll * Bucyrus-Erle Co. •' 7% preferred 5% 841,000 792,800 13,870 37,300 123,300 4,090 , 36% 40% Sale 98 54 99% Sale 63% Sale 9% Sale 8% Sale ..... .5 85 95 13 Sale 13% 24% 25% 2% 8% Sale Sale Sale Sale Sale 59% Sale 16% Sale 16% Sale 107 * ... ""2% Sale" .... c • A..1 10 Celaoese Com of America. 7% preferred * Sale 64% Sale "33% Sale" % ...1 Canada Dry Glng Ale...... 5 Canadian Pacific ..25 ...100 Cerro de Pasco Copp Certain-Teed Prod ..... i • 71,800 Common 6% 32% 16% 11% 39% : For footnotes _ see page 40. ........ 100 105% 129 Sale 15% Sale 33% Sale 8% Sale 43 Sale 6% Sale 8% Sale 6% Sale 89% Sale Sale 47% Dec. 2 78% Dec. 5 Dec. 29 18 YEAR 1936 89% Dec. 31 1 20% Dec. 130 15% 29% 7% 39 7 Sale Sale Sale Sale Sale Sale 9% Sale 7% Sale 87 90% 90 Sale 21% Sale 34% Sale 28 5 57 Dec. 10 *14% Dec. 7 14% Dec. 24 61 Dec. 19 21% Dec. 10 39% Dec. 29 29% Dec. 19 Dec. 29 Dec. 24 114 73 128% 15% 27% 6% 5% Dec. 1 8% Dec. 6% Dec. 1 1 85 Dec. 21 Dec. 22 87 49 21 22 13 46% 47% 87 88% 7% 97% 115% 58% 29% 91 Sale Sale 117 Sale Sale "45"" "49" 8% 9 101% 103 54% Sale 15% Sale Sale 59% Sale 22% 51 r Sale Dec. 4 Dec. 24 Dec. 9 Dec. 1 Dec. 10 Dec. 2 43 Dec. 17 Dec. 18 Dec. 3 Dec. 3 Dec. 1 7% Dec. 29 23 27% Dep. 1* 23 131 Dec. 15 3 28% Dec. 24 22 20% 16 115 14 26% 28 103% Dec. 11 Dec. 12 Dec. 1 42 Dec. 18 Dec. 29 4 112 22 14% Dec. 2 Dec. 16 8 84 29 21 30 7 28% Dec. 1 22% Dec. 8 69 Dec. 2 77% Dec. 30 Dec. 1 8 20 1 8 130% Dec. 7 65% Dec. 31 8 34% Dec. 31 2% Dec. 17 7 2 24% Dec. 31 29 34% Dec. 8 Dec. 3 22 29 24 37% Dec. 47% Dec. 95% Dec. 5 2 2 11 45 Dec. 1 29 118 Dec. 28 17% Sale 54% Sale 48% Sale Sale 16% Sale 26% Sale 13% Sale 30 31 Sale 4% Sale 24% Sale 81 Sale 29% Sale 43% Sale 2% Sale 13% Sale Sale 19% Sale 13% Sale Sale 16% Sale 49 v 98% Sale 47 5% Sale 28% Sale 88 Sale 27% Sale 45% 2% 15% 33 28% Sale Sale Sale Sale Sale 14% Sale 61 Sale 15% Sale 101 Sale 137% Sale 89% Sale 27% Sale 143 "32""Saie" 77% Sale 34% Sale 81 37 Sale Sale 8 Sale 8% Sale 38% Sale 39% Sale 11% Sale 11% Sale ,103% 108% 103% 108% 68% Sale 72% Sale 15 Sale 17% Sale 72 68 Sale Sale 110 107% 36 35% Sale 48 53% 43 88% 90% 86% x71 % Sale 67% 10 1 31 30 24 Dec. 30 Dec. 11 Dec. 11 Dec. 1 Dec. 10 Dec. 31 Dec. 30 Dec. 1 1 Dec, 1 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 1 1 22 31 31 2 28 11 16% 32% 5% 29% 88% 29% 48% 2% 7 12% Dec. 32% Dec. 7 8 36 Dec. Dec. 4 30% Dec. 29 19% 12% 60 14% 7 Dec. 21 106 32 75 Dec. 28 Dec, 15 66 103% Dec. 24 19 7% Dec. 10 Dec. 4 29 155 1 14 137% Dec. 21 90% Dec. 15 3 19 28% Dec. Dec. 21 110 Dec. 14 1 8 39% Dec. 31 Dec. 18 Dec. 8 37% Dec. 31 9% Dec. 14 Dec. 29 43% Dec. 15 Dec. 22 11% Dec. Dec, Dec. 33% 7% 35 10% " Dec.""i 13% Dec. 21 9 62% Dec.' Sale 32% Dec. Sale 43 82 110 18 35 • 85 13 83 July Apr. July Apr. 81 74 Dec. 31 1 Dec.23 17% Dec. 31 72% Dec. 31 Dec. 28 3 111 2 38% Dec. 15 Feb. Dec. 29 16% Mar. A 5 7 8 112 Dec. 22 June 5 89% May 32% Oct. 25% Oct. 18 7 30 72 77% 19% 135% 65% 34% 16% Apr. 28 107% July 8 Jan. 28% Dec. 1% Dec. 14% July 18% May 77% July 16% Apr. 40% Dec. 80% June 3 8 2% 7 8 24% 8 38% 11 120 30 37% 29 63% 12 100% . June 29 25% Jan. 2 Jan. 21 6 Apr. 27 1% July 16 1/12% July 2 43% Apr. 30 47 Dec. 22 41 Jan. 17 4 % J an. 4 Dec. 29 14% Apr. 29 13% 29% 2% 16% Dec. 21 Dec. 21 Jan. 2 Apr. 29 54% June 15 22 Apr. 30 30% Apr. 30 % Jan. 2 6 6 10% Apr. 30 10% Jan. 20 37 Apr. 30 12% May 8 45% Jan. 8 10 30 12 18 31 31 Dec. 17 Dec. 31 Nov. 12 Oct. Apr. 30 6% 97% 47% 8% Apr. May 47 Nov. 18 Aug. Nov. Jan. Nov. Oct. 57% Sept. 101 19 8 6 Oct. 20 Jan. 15 Dec. 30 Dec. 24 Sept. 25 May 5 Sept. 16 Mar. 5 Dec. 10 Dec. 31 Oct. 7 Mar, 23 Dec. 1 31% Nov. 9 16% Nov. 25 33% Nov. 28 6% Mar. 20 29% Dec. 31 88% Dec. 31 33% Oct. 22 48% Dec. 28 3 Nov, 25 16% Nov. 5 40% Apr. 2 30% Dec. 29 Feb. 16 19 68% Nov. 18 18% Feb. 24 53 Nov. A 8 24 19 22 15 6 6 14 39% Dec. 31 86 Sept. 26 37% Dec. 31 9% Dec. 14 57 y Feb. 21 11% Dec. 1 108% Oct. 21 June 4 10 18 30 25 18% Feb. 13 64% Mar. 6 69 Apr. 4 50% July 24 12% Mar. 5 51% Mar. 5 58% Sept. 22 29 Jan. 30 Dec. 5 Mar. 7 Apr. 13 Oct. 87 Jan. 4 xlOO 91 Jan. 4 103% Dec. 6% May 22 9% Feb. June 92% Jan. 6 186 116 Jan. 7 143 July rNov. 54% Jan. 16 x91 21% May 22 32% Jan. 106 Dec. 21 110 Dec. May 1 25% Jan. 6 6% Nov. 4 35 Apr. 28 6 Nov. Dec. Nov. Nov. Dec. Dec. 32% 90% 11% 5% 40% Jan. 2 97% Feb. 4 106 44% May 11 57 65% 45 Sept. 21 8% May 19 22% 8U Jan. 2 21% 107% Sept. 8 115 9% Jan. 2 15% 85 Jan. 8 115% 14 8% Apr. 30 11% Jan. 10 59% 20% Apr. 28 35% 25 Apr. 27 34% 9 2% Jan. 2 8% Jan. 2 33% 74 1 2 Nov. 10 19% Mar. 24 72% Dec. 31 Dec. 28 Mar. 13 111 38% Dec. 15 3 2 69% Apr. 17 Aug. 11 90 Dec. 60% Dec. 19 x71% Dec. 2 59 Jan. 1 51 Jan. 51 7% Mar. 18 Apr. 19 64 5 15 24 11% Dec. 2 9% Dec. 2 94% Dec. 15 94% Dec. 15 Jan. Jan. 33 Mar. Jan. Jan. 9 8 30 8 30 30 45% 64 Feb. 14 15 21% Jan. 20 39 18 Nov. 18 Nov. 30 26% Oct. 7 41% Oct. 7 49% Feb. 28 July 2 Nov. 24 118 % Nov. 28 Dec. 23 Nov. 4 *38% Dec. 14 Jan 6 28% Nov. 20 Dec. 15 Jan. 10 131 Jan. 6 28% Dec. 24 June 26 22% Nov. 10 Dec. 12 May 8 115 28% Nov. 12 Jan. 2 July 30 Aug. 18 105 Feb. 28 42% Oct. 20 Apr Dec. Dec. 31 Dec. 22 8 14 10 19 10 1 24 22 24 4 17 118% Dec. 20 48 23 30 Oct. 49 Dec. 31% Oct. 54% Nov. 35% Apr. Dec. 29 Jan. 52 6% Dec. i1§ 24% 13% 82% 14% 16% July 30 17 27 13 Nov. 19 2 107 Jan. 4% Jan. 23 88% Aug. 2 84 2 17 131 14 June 26 30% 26% June 5 54% 5% June 30 10% 29% June 30 46% a;112 Jan. 102% "Dec." I9 137% Dec 90% Jan. 6 Dec. 2 Jan. Mar. Nov. Feb. May Oct. Oct. Dec. 31 112 Feb. 21 124 95 98 59 30 15 25 Jan. 28 Dec. 19 84 128 62% 18% 22% 108 95 12% Apr. 30 27% 47% 7% 8% Dec. 16 66% Dec. 14 16% Dec. 1 7 13 20 7% Jan. May 11 3 June 10 Jan. 2 Aug. 18 Feb. 24 Jan. 9 Jan. 3 Jan. 20 16% Dec. 23 Dec. 28 .110% 107% Dec. Sale Sale Dec. Dec. Dec. Dec. Dec. 2% Dec. ..127% 127% Dec. 88% Sale 87 Dec. 27 Sale 26% Dec. 39% Sale 8 2 — 109 Dec. 31% Dec. ::::: Sale Dec. 10 Dec. 1 Dec. 3 Dec. 4 Dec. 8 Dec. 42 49 51 101% 102% 103% 7% Sale 7% Sale 154 25% Dec. 22 13% Dec. 21 29% Dec. 21 4% Dec. 7 24% Dec. 1 80% Dec. 8 27% Dec. 22 4% 66% 104 Dec. 17 100 31 5 50 Jan. 122 Jan. 110% Jan. Apr. 30 105% Jan. 2 2% 2 2% 15 29% Dec. 15 33% Dec. 10 15% Dec. 9 21 Dec. 4 39 Dec. 19 109% Dec. 1 37% 44% 3 110% 23 % 1 x38% Dec. ,14 29 22 37 118 9% Dec. 94% Dec. 94% 55% Nov. 89% Dec. 31 15% Jan. 2 26% Mar. 4 97 Jan. 31 May 13 111 43 Nov. 5 9 June 9 7 Nov. 28 3 July I 11% Dec. 15% Dec. 5 18 52% Dec. 21 *61% Dec. 22 56% 43 44 41% Dec. 28 45% 6 Dec. 29 6% Sale 7% Sale 33 Dec. 29 39% 37% 37% 36 52 Sale 54 Sale 50% Dec. 28 54% al02% Sale 101% 104% 101% Dec. 5 102% 50% Sale 48% Sale 46% Dec. 29 50% 47% Sale 47% Sale 46% Dec. 17 47% 20 Sale 21% Sale 18% Dec. 22 22% 17% Sale 21% Sale 16% Dec. 7 21% 110 110% 111% 108% Dec. 14 111 13% Sale 12% Sale 12% Dec. 29 14% 100% 104% 95% 103 97% Dec. 30 104 10% Sale 9% Sale 9% Dec. 29 11 56% Sale 52% Sale 51% Dec. 29 59% 33 Sale 35% Sale 31% Dec. 21 35% 30% Sale 32% Sale 29% Dec. 8 33% 8% Sale 6% DeC. 24 8% 7% Sale 28 29% 26% Dec. 21 33% 32% Sale 16 % Sale 60% Sale, 56% Sale 43 46% 6% Sale 108 20% Sale 58% Sale 25% Sale Dec. 23 Dec. 1 Dec. 1 Dec. 3 Dec. 31 Dec. 1 65 85 Dec. 19 Dec. 31 19 27% 28 x&9 % 17 9% 29 4% 40 Sale Dec. 16 D3c. 8 Dec. 30 Dec. 8 Sale Prices Sale Prices 28 J an, 20 35 Jan. 8 21% Apr. 27 11 Apr. 49 Dec. 1 13% Apr. 32% Dec. 30 26% June 118% Dec, 18 109 Sept. 78% Dec. 1 48 Jan. Dec. 3 130 Dec. 2 17% Dec. 29 34 Dec. 29 8% Dec. 29 36 Dec. 1 Dec. 11 16% Dec. 1 16% Dec. 12 99% Dec. 29 100 20 Dec. 29 26% 95 ^ Dec. 31 103% 114% Dec. 28 117 67% Dec. 19 74% 1100% Dec. 30 104 41 Dec. 14 Dec. 22 ' Highest Lowest Sale Prices 54% Dec. 23 105% Dec. 22% Sale 20% Dec. 36% Bale 32% Dec. 44 41 39 Dec. 44% 40% 109% 110% 109% 110% 109% Dec. Dec. % Sale 29% Sale "37% Sale" 29% Dec. 26 Sale 27 Sale 24% Dec. 125 127 115 Dec. 118% 119 27% Sale 19% Dec. 19% Sale 19% Sale 18% Sale 17% Dec. 115 111% Dec. 111% 112% 112 26% Sale 25% Sale 24% Dec. Dec. 101% 101 102% 103% 101 42 Sale Dec. 41 43% 41 112 Sale 102% 106 102% Dec. 13 Dec. 13% Sale 13% Sale 83% 85% 83 % 83% Dec. Dec. 25% Sale" 25 28% Sale 22% Sale 21% Dec. 22% Sale 68 Sale 60 Dec. 69% 60 71 Dec. 72% Sale 75% Sale 20 Sale 19% Sale 18% Dec. Sale 130% Sale 128 126% Dec. 56 Sale 65 Sale 53% Dec. 28% Dec. 31% Sale «34% Sale 1% Dec. "l8% Sale" 24% Sale 18% Dec. 30% 33 33% Sale 29% Dec. 115 119 Dec. 93% 99% 92 34% Sale 31% Dec. 33% Sale 43 Sale 47% Sale 40% Dec. a95 Sale 88 90 86% Dec. 45 Sale 43 Dec. 44% Sale 26% Sale 27% Sale 25% Dec. 86 Sale 76% Sale 75% Dec. 9 Sale 7 Dec. 7% 8% 4% Sale 3% Sale 2% Dec. 35 ♦ 5 59,800 Checker Cab 218,000 ChesipeakeCorp. 886,700 Chesapeake A Ohio.......25 95 21% Sale 95 Sale 126% 108% 120 73% Sale 71% Sale 104 Sale 101 Sale 45 Sale 46% Sale 26% 28 25% Sale 47% Sale r41% Sale 31% Sale 31% Sale 11)% 115 117% 122 Sale 78% Sale r74 Sale Sale Sale Sale Sale 6% prior preferred 100 Champion Paper Ac Fibre Co 6% preferred 10" •5,730 350 Sale 15% Sale 15% Sale 26% Sale 96 117 100 Preferred. 61 Sale 32 16% Sale 20 _..10« Byron Jackson Co..........* Sale Sale Sale 107 Sale Highest Sale Prices —... ...30 . ]630 .3 10 conv preferred ... »«»«»*«« 47% 49% 41% Sale 4% 4% Bush Term Bldgs— Pref ctfs of deposit.....100 Butler Brothers .» 310,500 tCelotex Co 5% preferred 10 24,695 170,100 Central Agulrre Associates.* 1 403,600 Central Foundry Co 100 69,000 Central RR of N J.... * 38,500 Century Ribbon Mills. 17,600 207,600 28,300 1,900 Sale "9% Sale" Budd (£ G) Mfg.. 290 Car Clinch F & Ohio Ry..l00 1,100 2 100 new. Stamped.... .........105,010 247,200 Carriers & General Corp 1 .100 518,600 Case (J I) Co.... Pref 7% 100 10,050 ...» 336,000 Caterpillar Tractor . 1% ...» 2,678,800 61,800 Cannon Mills..55,000 Capital Admin Co Ltd Preferred class A. 7.320 1,249,500 Sale 63 * * Calumet Ac Hecla Cons Cop .5 * 323,500 Campbell W Ac C Foundry """480 8 Briggs Manufacturing Briggs A Stratton. 1,542,700 - 92% Sale 16% Sale 253,400 Calif Packing Corp 844,900 Callahan Zinc-Lead 1,167,000 22 53% Sale 92% 94 39% Sale 26% Sale 70% Sale 50 . 174,700 20 92 22% Bridgeport Brass Co........* 706,300 Butte Copper Ac Zinc. 546,300 Byers Co...... Preferred. 30,850 101,500 "l5% Sale" 100 Preferred 100 27,600 964,400 8udd Wheel......... 290,500 iulova Watcto............. • • 232,500 dullard Co * 494,500 Burroughs Add Mach * 249,400 (Bush Terminal Co.. 7% debenture.........lot 52,140 ^90° 1 Sale ... 183,300 14,400 1,600 11,500 85,300 22% Sale 42 Bethlehem Steel 183,500 64,900 77,400 Bigelow-Sanford Carpet fnc * 36,800 Black & Decker Mfg Co....* Rights........... 51,900 857,600 Blaw-K.nox...i;.w»^....^...* * 6,930 Bloomlngdale Bros ,3,000 30,300 16,900 1,350 23,900 73,200 1,100 21,700 1,710 "16% Sale" 10 $5 preferred w w._ * 8.600 SO 720 Beech Creek RR Co 43,500 Beech-Nut Packing 20 199,700 Beldlng-Hemlngway........* 3,700 Belg Nat Rys part pref 5 1,696,800 Bendiz Aviation Corp. 524,200 Beneficial Indus Loan Corp.* ;1 80,300 Best A Co...... 213,300 160 Baltimore Ac Ohio Ask 7 108 Dec. 8 36 Dec. 28 6% 40 Sale 40 Dec. 1 44% 42% Sale Dec. 15 119% 118% 119% 119 119% 119 109% Sale 107% 108 107% Dec. 30 110% 7% 5% Sale 7% Sale 5% Dec. 1 81 82 Sale 1 79% Dec. 11 82 83% 126 Sale 126 Dec. 31 128 105% 115 89 , 4.100 4 "38% Sale" Preferred assented.. ....... 205,300 2,100 10,700 »„400 77,800 20,500 7,860 7,100 44,600 114,700 206,300 18,200 305,900 218,300 3,700 5,200 Preferred..............100 186,600 BayukCigars,Inc new.....* 1st preferred 2,240 100 a * Assented. Preferred 424,100 35,100 Bangor A Aroostook.. Preferred .6,760 69,000 Rights 232,800 Barber Co Inc.. 154,500 Barker Bros.. J»!20 63,500 180,600 15,600 4% Sale 53% 89% Sale 18% Sale 106% 105% 31 32 33% 6% Sale 5% „ Baldwin Locomotive Works.* Lowest Dec. 31 Ask Bid Bid 100 Preferred 100 112% 6,490 114,000 Atlas Tack Corp^w.u**,^**. * 18% Sale * 605,600 Auburn Automobile 42% Sale 121,100 Austin, Nichols A Co 8% 9 * Prior A ,..* 42% 45% 8,290 5 Sale 1,384,100 Aviation Corp Del (The) new 3 ,«^20 " RANGE FOR , 1936 Par 4,232,800 76,500 325,800 PRICES IN DECEMBER Price 12JMonths H. T. STOCK EXCHANGE December ' EXCHANGE-STOCKS N. T. STOCK 22% Jan. 2 100 Nov. 2 77% Nov. 4 4 N. T. STOCK Jan., 1937] AGGREGATE 33 EXCHANGE-STOCKS RANGE FOR PRICES IN DECEMBER SALES YEAR 1936 Price In Jan. 2 N. T. STOCK EXCHANGE 12 Months 1936 Shares Shares 5,400 36,600 30,100 86,400 '■■f. ^v':;JPar !•<> 20,300 tChlc * East III RR 125,000 4% preferred ........100 129,200 Chicago Great Western..100 354,200 Preferred... .......100 ■ 550 3,100 36,200 104,300 47,900 12,900 43,400 4,000 25,500 35,000 29,300 2,300 23,600 64,500 1,550 237,700 19,700 1,510 1,980 tChlc Indlanap Ac Louis pf 100 75,000 Chicago Mall Order Co 5 224,300 tChlc Mil St Paul At Pacific.* $ 582,800 Preferred ......100 456,800 Chicago Ac North West 100 Preferred .......100 100,400 252,500 Chicago Pneum Tool _......* Preferred 75,050 100 122,100 tChlc Rock 1st At Pac 153,300 7% prefferred..........100 155,200 88,860 138,800 432,700 6,630 4,998,300 269,100 20,630 6% preferred .......100 Chicago Yellow Cab * Gblckasha Cotton Oil..—10 Childs Co Chile Copper.............25 Chrysler Corporation....-.5 City Ice At Fuel * Preferred..............100 100 315,900 City. Stores...............^ 293,900 Clark Equipment.« 180 C C C & St L Ry Co pref_.100 30 City Investing Co 26,700 15,500 840 10,600 50 12,700 280 6,200 400 178,900 1,900 32,000 1,720 • 30 43,600 1,960 1,170 20 6,800 21.756 6,700 294,100 4,500 640 55,800 400 44,700 1,400 337,500 468,000 16,700 19,800 57,500 4,200 210 35,750 330 1.110 15,600 147,000 6,000 7,700 647,100 12",300 171,200 127,000 23,080 45,100 48,300 88,600 3,600 103,400 9,800 21,900 131,800 136,100 30,700 1,900 37,200 1,500 67,100 40,800 2,400 Sale Sale Dec 29 Sale Sale Dec. Sale Sale Dec. 28 Sale Sale Dec. Sale Sale Dec. Dec. Sale Sale Dec Sale Dec. Sale Sale Dec. 27 Said Sale Dec. 19 Sale Dec. 23 Sale Dec. 19 45 Sale Dec. 9 Sale Sale Sale Sale Sale Dec. 21 Sale" Sale 8* Dec. 28 Sale Sale Sale Sale 128* 127 Sale Sale Sale Sale Sale Sale Sale 88? m 31 119 ; Said July 7 8 Feb. 26 Dec. 11 Mar. 30 67 Dec. Dec. 22 Apr. 28 Dec. Dec. Dec. Dec. Dec. Dec. 11 Dec. 125* 121* 56* 17* 102* 58 Sale Dec. 5 Jan. 2 Dec. Dec. 10 31* Dec. 39* Dec. Dec. 1 May 20 Dec. 4 Dec. 92 Dec. 14 Dec. 19 Dec. 8 Dec. 74* Dec Sale 77 Sale 87 Sale 114 Sale 18 Sale 83* r80 Sale ...* Sale Sale 17 Sale Consol Edison Co of N Y Tnc * Sale Sale 44* Sale Insurance..2.50 Sale Sale Continental Motors. .......1 2* Sale Sale Sale Sale 90] 80; 102 108 106 Sale Sale Sale Sale Preferred new ...._* Consolld RR of Cuba pref.100 101* 106 ii?4 Sale Sale 1* Sale Sale Consolidation Coal Co vtc.25 .....100 * ... 630 Crown W1I P 1st pf__ Crown Zellerbach v t Preferred.. . * c... Crucible Steel of Amer 100 ...........100 Cuba Co (The).;,..... Cuba RR pref ....100 Cuban American Sugar Preferred 100 Cudahy Packing .50 ... 10 Publishing Co (The)* Preferred................* Curtlss Wright Corp Class A 1 I 2,390 Cushmans Sons 7% pref.. 100 8% preferred.............* 2,520 96,000 Cutler-Hammer, Inc........* Davega Stores Corp Sale Sale 5 Preferred.. ..20 76,100 ' 310,400 Diesel-Wemmer-GtlbertCor plO 854,700 Delaware ft Hudson.....100 1,029,200 Del Lack At Western......50 68,200 Denver Rio Gr Ac Wes pref 100 ..10© 41,600 Detroit Edison.. L 4,050 Detroit Ac Mackinac Ry Co 100 5% non cum pref.... 100 1,450 96,900 Diamond Match............* Participating 44£ Pref..25 34,600 1,021,300 Distil Corp-Sea grams Ltd...* 5% pref with warrants. 100 5,400 • 25,000 Dixie-Vortex Co ......... page 40 • 44* Sale Sale Sale Sale Sale Sale 46* 8ale Sale "37"" 17 Sale • I 100* 8* 37* 1 11 I I t • 125 Sale 26* Sale 77* Sale 56* 54* 47 47* 36 Sale Sale 65* x41* 21* 101* 4 % 12* Sale Sale Sale Sale 18 16* 39 Sale Sale 19 Sale Sale 106 Sale Sale Sale Sale Sale Sale 53 63 70* 46* Sale 79 19* Sale 9* Sale 94 27 Sale 23* 38* Sale W' Sale 31 32 Sale 47 Sale j Sale 18* Sale Sale 38* Sale Dec. June 18 22* Dec. 17 32* Dec. 16 May 14 Jan. 6 Dec. 31 Mar. 9 17* June 30 Apr. 30 Apr. 30 1 2* Dec. Dec. Dec. 2 1 Dec. 29 66* Dec. 23 5* 41* 118* 35* 23 Dec. 1 170 Dec. 23 4 Dec. 22 7* Dec. 2 Dec. 21 50* Dec. Dec. 17 118* Dec. 17 1 Dec. 19 36* Dec. Dec. 29 2 3if I* Sale 41 15* Mar. 16 43* Jan. 7 46* July 22 1 Dec. 8 125 2* Dec. 18 13 Doc. 21 Dec. 38 18* 104* 6* 19* 20 Dec. 4 14 Dec. 22 129 Dec. 17 40 Dec. Dec. 21 20* Dec. 28 114 1 Dec. 7* Dec. 21 21* Dec. 1 Dec. 4 Dec. Dec. 4 June Mar. 13 114 4 83* Dec. 28 19 16* Dec. 29 2 5* Dec. 48 1 Dec. Dec. 19 31 Dec. Dec. 12 1 Dec. Dec. 10 19* Dec. 8* Dec. 1 148* Dec. 143* Dec. 8* Dec. 24 11* Dec. 10 15 18 16 Dec. 1 21 Dec. 31 Sale 63 59 Dec. 22 63 Dec. 15 Sale Sale 33* 39* 28* 95* 23* 40* 52* 12* Dec. 31 1 Dec. Dec. 17 4 Dec. 1 Dec. 1 Dec. 1 Dec. Dec. 11 39* Sale Sale 21* 41 30* Dec. 38* Dec. 25* Dec. 93 3 2 4 Dec. 28 20* Dec. 22 1 40* Dec. Sale Sale 48 Dec. 9 11 Sale 10 Dec. 9 Jan. Jan. 7 7 Mar. 6 Nov. 30 Sept. 1 Nov. 9 9 Nov. 10* 59 Sept. 9 36* June 17 6 43* Jan. Dec. Mar. 4 Dec. 9 14 14 Apr. 13 4 15 6 Dec. 14 Dec. 4 Jan. m Dec. 4 Mar. 11 P Dec. 4 Jan. 21 90 70* Jan. 27 83* Dec. 28 19* 108* 108* 32* Nov. 19 Dec. 19 Dec. 31 Nov. 6 33* Nov. 4 54* Oct. 13 23* Feb. 20 Feb. 7 Feb. 17 id" Oct. 31 Sale Sale 20 May 26 Sale Sale Apr. 29 125 Sept.28 16> Dec. 29 Dec. 14 8 19 18 Dec. 23 Oct. June Dec. 99 4 Dec. $ Apr. Jan. 35 16 11 Dec. 31 Nov. 9 1 8 .5* Dec. 14 Nov. 12 27 110 19* Dec. 14 May 4 5 Apr. 30 56* Oct. Dec. Sept.26 77 Dec. a 35* 91* 58* 49* Jan. Jan. Sale 42 46 6 1 19* 108* 107 .08* 2 108* Sale 90* Dec. Sale 29* Dec. 31 31* Sale 27* Dec. 19 32 ih 63 4 Nov. 18 Mar. 20 12 Dec. Nov. 18 Feb. 46 Dec. 14 Dec. 30 4 9 87* Jan. 13 24* Mar. 5 9 l Dec. , m. 4 11* Dec. 19 120 3* 14 3* Dec. 50 Sale 32* 39* 26* 16 121 . 82 A* 7 16 61 26 16 Nov. 4 118* Dec. 27 140 Mar. 27 37* Jan. 10 35 1 4 Sale Oct. 23 22 Sale 1 1 Dec. 146 Dec. Jan. Nov. 18 55* Apr. 30 69* 82* 63* Aug. 22 158 Aug. 20 170 July 1 4 7 Dec. Sale 6 Dec. Dec. 50 44 80 Sale June 71* Dec. 41 6 P 63* Dec. 21 70 Sale Sale 124 1 3* Dec. 49* Sale 83* Sale Sale Sale 8* 18 Dec. 40 Sale" 41* 8* June 2 22* Dec. 1 44* Dec. 3 3* Dec. 44* Dec. 31 30* Dec. 10 64* Dec. 31 1 72* Dec. Sale " 37 34 5 9 9* Dec. 37* Dec. 31 1* 63* Dec. 21 15 20* Dec z40* Dec. 30 107 143* 4* 38 May 2 3 Nov. 25 4 14 3 109 6* Sale 19* Sale 80 13 Jan. Sale Sale 30 Feb. Jan. Sale 13* Oct. Dec. 20* Feb. 13 48* Oct. 30 109 July 14 9* Nov. 30 17* Dec. 31 106* June 30 10 Sale 128 95 90 m 15 Dec. 8 4 3 14 Nov. 7 Nov. 14 Dec. 3' Sale 123 44* Jan. 25* Mar. 33* Jan. Dec. 19* Dec. 14 55* Dec. 15 Sale 42 Sept. 23 21 17 17 82 15* Dec. 17 101* Dec. 31 108 3* Dec. lift 3 ■P Feb. Feb. Dec. 12 2 Sale Sale 6 Jan. 19 Sale Sale 28 30 9* Dec. Dec. Sale v 12 48* Dec. 1* 11 6* 19 Dec. 13 Apr. 165 Sale 19 3 Sept.28 Apr. 30 Apr. 30 5* Dec. 12 Sale Sale _ June 24 Jan. 27 44 Sale Sale 14 Dec. 31 102 Sale 129 7 Dec. Dec 8 108 8* Dec 14 14 Sale 85 June 8 Sale 103 14 29 Sale^ 1 < 1 Dec. 2 Aug. 28 125" 109* 112*" 108* Dec. 1 I 1 Jan. 1 Jan. Sale 6* Sale 120 11 Dec. I Apr. 61 49 18 Dec. 9* Dec. 18 * Dec. 31 6* Dec. 21 26 Dec. 1 9 19* Dec. 5 26* Dec. Sale 171* Sale Sale 17 Dec. 1 Sale Sale Sale 6 Dec. 17* Dec. 31 64* Sale 27 15] Dec 37 25 s6S * 5 8* Dec 13* Dec Sale Sale * Dome Mines Ltd............* Dominion Stores Ltd Sale 69* Sale 160* 163 .... Class A 67* 21* 40* 2* Sale 1 47* Dec. 1 108* Dec. 12 106 29* Sale 3* Sale 101* Sale Sale Dec. D 16* Dec 42* Dec Sale Sale 106 Sale 40 Devoe Ac Reynolds A....... 21 Sale Sale 8&Ie j 530 Dayton Pr & Lt 4* % pref 100 * 615,031 Deere Ac Co........... 300 Sale ...100 • 118,600 Cream of Wheat ctfs • 402,400 Crosley Radio • 455,300 Crown Cork At Seal $2.25 conv pref w w * 57,200 Preferred ex-warrants * 10,300 Rights................... 82,100 Curtis 20* Sale Sale 25 7% preferred 300 26 73] Feb. 9* Sale 16* Sale 104* 106 10* Sale * Sale 9* Sale 37* Sale Sale 19 Apr. 30 Apr. 28 July 3 Aug. 7 ~~4* Nov. 18 Feb. June 25 110 Consol Laundries Corp.... 5 Consolidated Oil Corp .._* ................. 10 1 5 Preferred 13,080 658,400 Coty.Ine Crane Co 81,500 Jan. 1 Sale ....25 Nov. 17 Dec. 28 Dec. 14 91 601.498 Corn Prod Refining Nov. 21 9 Dec. 110 35 7 128 Jan. Dec. Sale *66*" July Dec 110 Sale 5 2 1 6 9 Dec Dec Dec Dec Dec Dec Dec Dec 16] 17 J 36* Feb. 20 37* Mar. 11 36 Mar. 4 136* Aug. 11 x45* Jan. 22 51* Jan. 23 23* July 28 6 108* Oct. 103 Aug. 24 84* Sept. 30 Jan 15* 3* 67* 11* 33* 17* 16* 14* Sale 2 5 Oct. 29 Dec. 15 Dec. 24 Sale 120 18 Sale Jan. 7 19 28 Jan Jan. 97 68* Sale 127* 112* 116 .. Jan. Nov. 17 Dec. 14 Feb. Nov. 16 48 2 Nov. 16 66* Nov. Sept. 17 Dec. 29 116 un 30 Jan. Sale 19* ; 58 6 Jan. 5 warrants..100 Continental Oil of Del Aug. 14 Apr. 30 Jail, 3 2 20 68* 1 15 Sale Sale Sale Sale Sale 11* Dec. Dec. Sale • 16 June 30 Dec. 18* 3* 70* 13* 37* "23* 31 134 Jan. 14 Dec. (4Hi) ...100 • Jan. Dec. Dec. Sale Pref $5.*^.. Jan. 19 36 8 13 1 24* Dec. 26* Dec. 120 Dec. Oct. 90 51 77* Dec. 22 15 129 July 28 Sale 27 Sale 111* Dec. 12 47* Oct. 10 Dec. 23 Sale Sale 4 Sale 42* Sale Sale 18* Sale 104* 105* 116* Sale see 7 Sale Sale For footnotes Dec. Dec. 4 Sale 410,900 78,900 Jan. Dec. Dec. 35 Dec. Sale 44,400 8,100 12 11 86* 19* 42* 100 Dec. _ 17 Continental Diamond Fibre 5 57,700 4* 23* 35 Dec. Continental Can....i....l,.20 ; 1 Dec. 28 Dec. 221,800 187,200 1,143,300 1,520,800 132,700 100,400 Dec. 32 Dec. 711,300 895,500 358,500 21,900 199,000 24,890 351,800 65,570 66,000 480,300 82,000 5,501,600 2,653,600 72* 1 Sale 67* \ 2 89 Dec. 113* 112 29* 24* Dec. Sale 39* Dec. consolidated Cigar • Preferred ........100 Continental Steel Corp * Corn Eich Bank Trust Co..20 _ 85* 15* Sale Sale Continental 7 25 1 1 Sale Sale Class B.... Dec. 22 Dec. Sale Sale 5% preferred v t c 100 Container Corp of America.20 Continental Bak Cl A.......* 51 3* 19* 17* 12* Dec. 89 Sale ,. Dec. 18 Dec. 18 Dec. 9 Dec. 11 Dec. 9 21 126* Dec. Dec. 29 20* Dec. Sale Sale . 1 2 7* 6* 27 23* 14* 90 Sale {Consolidated Textile. 4 Dec. 3 12 Dec. 31 24* Dec. 31 109* Dec. 110* Sale Sale . ...... Jan. 14* Dec. 31 12 Jan. 31 May 33* Nov. 12 May 2* Feb. 11 Apr. 5* Feb. 11 Apr. 4* Feb. 21 Apr. 12* Oct. 19 May Apr. 30 24* Dec. 31 Dec. 1 May 4 65] 3 Feb. 8 Apr. 23 8 Jan. 11 Apr. 23 8 July 15 Apr. 28 7 Jan. 2 32* Oct. 6 Sept. 19 30* Jan. 14* Dec. 9 Jan. ~ 51 Dec. 22 Jan. Jan. 21 138* Nov. 12 Nov. 17 Jan. ~ 23 89* Nov. 17 Jan. 50 Nov. 4 Nov. 13* Nov. 17 Jan. 7 Jan. 21 46* Mar. 24 Oct. 13 Feb. 10 98 4 50* Dec. Sale 26 77 Preferred 3* Jan. 13 8* Dec. 10 2* Feb. 5 75* 117 x 1* Apr. 23 2* Jan. 4 1* Apr. 3* Dec. 10 8* Dec. 10 2* Dec. 9 14* Dec. 31 9* Dec 9 33* Dec 1 2* Dec 17 5* Dec. 30 Dec. Sale oref Highest Sale Prices 65* Dec. 2* Dec. Sale Sale Prior 1 Sale Sale Prior preferred 1 Sale Sale 17,300 Dec. 29 Sale Preferred....... .......100 7,000 5.400 21 255,400 168,600 3,085,400 80,600 216.200 4,009,500 3,940 147,700 1.176,700 204,100 39,010 538,800 900,000 1,036,600 67,800 5,900 3,100 12,700 2,900 94,400 Dec Consol Film Industry ......I 270 840 410 Dec. Sale Sale Lowest Sale Prices 50 . 440 ■ Sale 9 9 * 160,600 Conde-Nast Public'ns. 354,200 Con goIeum-Nalrn Inc. .....* 28,800 Congress Cigar 7,180 Conn Ry At Ltg 4% pref...100 ' 59,931 4,000 14,500 52,900 64,600 8,700 6,200 Dec. Sale 99* 50 530 Dec. Sale Sale ~5* Sale" ...» 567,300 Conn Inv Trust $4.25 conv pref ser of '35..* 59,600 ._* 2,516,200 Commercial Solvents.. 8,267,800 Commonwealth Ac Southern * Preferred... ..* 214,800 240,950 3,610 11,310 3 1 1 1 Dec. ; Sale Sale Clere Elec HI *4.50 set ... Prices Sale - 100 413,800 143,700 3 i Sale IV 6,900 17,900 30,500 1,700 6,100 82,100 111,000 45,400 1,900 39,000 4,000 93,600 2,300 4,700 34,500 3,100 Ask aVA Highest Sale Prices Lowest Dec. 31 Ask Ask 1* Sale 2* 31* Sale 4* Sale 6 7 30* 30* IX Sale 3 Sale 3* Sale 7X Sale 20* Sale 54 Sale IX Sale 4* Sale 3* Sale 20 Sale 28* 29* 7* Sale 26 Sale 92* Sale 15* Sale 74 Sale m Sale pref..* 108 Clove Graphite Bronze (The)l 45* 46 82 * 87 300 Cleve & Pitts RR Co 7% gts.50 43 490 Special.... ......50 55 Sale 128,300 Cluett, Peabody At Co..... Preferred.... .......100 120* 125 1,210 87 X Sale 199,200 Coca-Cola Co (The)........* Class A.... 55* 56 ..* ; 14,400 19* Sale Colgate-Palmollve-Peet Co..* 981,600 Preferred.. ............100 104* 105 21,300 48 * Sale 782,500 Collins At Aikman Preferred ...100 107 109 9,630 5 9 i 52,250 Colonial Beacon Oil Co.... 153,100 Colorado Fuel At Iron Corp..* Sale 26,410 Colorado At Southern.... 100 Sale 1st preferred. ..........100 32,920 Sale 17 2d preferred...^**.«.100 9,170 Sale 96 121,000 Columbian Carbon.........* Sale 44 242,556 Columbia Pictures Corp vt e * 48 48* $2.75 conv pref...........* 39,200 Columbia G Or El common • 14* Sale 4,309,500 90* Sale 6% pref series A .100 V 63,300 70 81 5% preferred..........100 5,550 10 46* Sale 863,700 Commercial Credit^ V /. 4* % conv preferred....100 56,900 10,420 160,600 200 30",300 Dec. 1 1936 December P 63 Jan. 24 31 Dec.. 15 40* Jan. 25 43 Aug. *6 34* Jan. *2 8* Dec. 4 Nov. 16 40* Dec. 1 4 61* June 12* Dec. 11 /:/■ " 1 V;.V'-' .•'■ ';v. " ;; //v / / SilllWiiis :" v, 34 N. Y. STOCK AGQREQATE In SALES 12 Months December Shares Price Jan. 2 159,300 4,800 18,200 1,500 3,200 11,500 1,700 • 2,342,300 37,700 76,300 11,600 17,900 174,800 19,500 120 600 42,800 512,100 40,800 4,000 Par Douglai Aircraft Co Ine * Dresser (S R) Mfg coat cl A—* Class B ♦ Dulutb Soutb Sb ft Atl—100 Preferred.....———1W Dunbill Int 1 Duplan Silk • Preferred.. is,.——.106 Du Pont de Nem & Co (EI).20 6% non-voting deben ..100 ;■. >. 6,000 Duquesne Light 1st pref__100 Eastern Rolling Mills. 5 Eastman Kodak Co. of N. J-* 4,180 Preferred ...... 100 445,665 Eaton Mfg. Co. —4 498,700 Rltingon Schlld. * 1,310,700 Electric Auto-Lite (The)—5 1,170 „ 106,900 324,100 122,800 6,300 330 15,400 31,000 69,400 Dec. 1 1936 • YEAR 1936 RANGE FOR PRICES IN DECEMBER STOCKS N. Y. STOCK EXCHANGE 1936 Shares EXCHANGE-STOCKS . - 400 ..100 Preferred...—*—. 86,400 1.245,100 Electric Boat 48,000 600,800 American shares......... 4,287,400 Elec Power 8c Light * 605,800 $7 pref 329,900 16 pref. 141,930 Elec Storage Battery * 173,700 tEIk Horn Coal Corp ♦ - Bid Ask Sale 57% Sale 29% 30% 161* 17 % IX 1 IX 6% Sale 15 15% 1149* 139% Sale 130% 131% 114% 115 7% Sale 156% Sale 155% 165 29% Sale 8% Sale 37 Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Dec. 31 Ask 67% Dec. 23 1 Sale 44% Dec; Dec. Sale 1 30 Sale Dec. Dec. 1 Sale 2 Sale 2 2 7% Dec. 9 14% Dec. 15 16 Sale 77% Dec. 51 36% 1% 2% 8% 163 5 Dec. 9 Dec. 7 Dec. 9 Dec. 15 Dec. 14 Dec. 1 Dec. 23 6 23 May 20 Apr. Jan. 7 114 133 June Dec. Dec. 16 129 Feb. 132% Dec. Dec. 21 Sale Dec. 29 116 12% 8% Dec. 1 169% Dec. 23 179 162% 160% Dec. 19 164 Sale 33% Dec. 21 38% Sale 14% 12% Dec. 31 Sale 39% Dec. 29 44% Sale 112 Dec. 3 113 Sale 13% 11% Dec. 21 6 July 10 13% Aug. 27 3 1363 171 Sale 8 Apr. 30 7 Dec. 115 Sale 113 Sale Sale Sale Sale Sale 112% Dec. 17 Sale Sale 110% 112 14% Sale 6 Jan. ~ Dec. 3 120 Dec. 29 1823 118 Sale Sale 50% Jan. Dec. Dec. 1 *111% June 12 5% July 1 156 Apr. 28 152 July 24 Dec. Dec. Dec. Jan. Dec. 110>2 Dec. 11 10 Apr. Apr. Jan. Apr. 6 82% Oct. 6 51 Dec. 9 36% Dec. 7 1% Jan. 15 3 Jan. 15 8% Oct. 13 18% Jan. 17 120 Dec. 23 184% Nov. 21 136% Dec. 16 116 Dec. 21 12% Dec. 17 185 Aug. 8 166 Mar. 13 40% Nov. 16 15% Nov. 16 • 28 27 47% Nov. Nov. 23 L15 17% Feb. 30 4 Feb. Dec. Dec. Dec. Jan. Dec. Dec. Dec. 21 17 9 14 7 7 11 21 6 6 Elec Ac Musical Ind— ' 557,900 39,200 14,400 19,100 46,300 99,300 55,700 2,900 120 14,700 700 1,700 86,300 El Paso Natural Gas Co 3 aaicocc-j ounsuu 50 22,400 Endlcott-Johnson 5% preferred 100 2,290 —1 103,700 Engineers Pub Service $5 conv preferred —.* 23,300 $5.50 preferred ..... * 30,400 $6 cum preferred— * 10.600 * 311,500 Equitable Office Bldg 100 435,800 Erie First preferred 100 357,000 Second preferred.....-.100 117,000 secuuu 181,600 Eureka Vacuum Clean .-5 472,100 ETsTns Products Co— 5 142,800 Exchange Buffet Corp.. * 104,955 Fairbanks Co 25 rroit?iicu 55,900 Preferred. —---—100 250,700 Fairbanks Morse 8c Co.——»* . 500 31,600 34,100 25,200 8,600 , " 8,500 35,200 23,300 14,100 4,720 11,500 700 27,900 27,500 1,130 1,300 6% conv Federal Light 8c 4,730 Preferred ; 397,500 119,100 353,200 129,500 17,600 130,000 4,500 9,200 '20 700 43,800 210 522,100 55,100 183,100 365,300 2,400 3,200 16,500 403,700 101,700 3,660 403,000 5,910 151,800 3,270 45,800 452,400 1,900 8,900 101,800 7 2,400 3,200 2,200 47,300 8,200 MO 37,800 7 290 18,200 210 390 1,920 8,090 3,040 25,760 80 27,000 17,700 500 19,300 52,400 60 63,200 49,900 15,700 4,700 6,400 360 259,300 51,000 101,100 670 280 170 8,200 470 498,400 5,800 8,600 79,900 2,800 .7 110 22,800 27,700 20 293,000 26,800 20,300 21,430 54,700 1,100 36,400 8,500 71,200 2,800 51,300 6,000 93,700 26,600 156,500 8,800 134,000 15,300 19,700 26,100 ♦ Convertible preferred * ♦ 18,400 36 preferred "» 399,500 Glidden Co (The).. .« 35,700 4%% conv preferred.....50 604,100 Gobel (Adolf) \ 518,100 Goebei Brewing Co.... l 1,943,800 Goodrich (B F) 72,300 35 preferred « 1,815,600 Goodvear T 8c R * 109,700 37 2nd preferred * 19,700 $5 preferred * 320,500 Gotham Silk Hosiery..... • 8,700 _ joo Preferred 1,662,300 Graham-Paige Motors.... Granby Cons M S 392,000 204,200 121,400 97,300 215,600 375,200 Ifar footnotes 88% Sale 82% 45% Sale Sale Sale /T-: Sale Sale Sale 85 Sale Sale Sale Sale 113 Sale Sale 77 47% Sale 46 50% 53 Sale Sale "7" 56 6% Sale 12% Sale 112 70 Dec. 24 Dec. 22 75 72 80 Dec. 24 81 Sale Sale Sale Dec. Dec. Dec. Dec. Dec. Dec. 21 14% Sale Sale Sale Sale 28 28 Sale Sale 11% 22 24 Sale 12 40 Sale 4% 5 3% Sale 13 Sale 38% Sale 130 X 20% Sale 2% 84 0 ,64 Sale 31 5% 3% 22 Sale Sale Sale 64% 188 Sale Sale 58 Sale Sale 25% Sale 95 Sale 78 118 Sale 4% 4% 105 95 107 Sale" 100 Sale Sale Sale Sale Sale Sale Sale Sale 39 44 ?Hi44€ 36 Sale Sale Sale Sale 56% Sale 108 Sale Sale Sale Sale Sale" 3% Sale" 14% Sale "23% Sale" 87 Sale 3 Oct. 15 Dec. Nov. 9 Dec. Dec. Nov. 9 Nov. 10 Dec. 11 40% Dec. 1 Dec. Dec. Feb. 47% Dec. Dec. 17 .7 78 26 Dec. 22 Oct. Feb. 4 28% 109 75% 46% Sale 112 Sale 120 Sale 115 Sale 43 73 5% Sale r26% 105 Sale 102 105 Sale 12% 104% 73% 17% 145 11% 27% 60% Sale Sale 17% Sale "~9% Sa 125 51% 148 Sale Sale Sale Sale Sale 2% 63 67 75 61% 69 122 53 *88 Sale Sale 68 79% 62% Sale Sale 125 65 Sale Apr, 5 8% Dec. Dec. 2 1 49 1 .40 41% Dec. Sale 65 Dec. Dec. 7 55 4 68 71 Dec. 16 80 Dec. 10 Sale Sale Sale Sale 72 59% 117% 63% 120% 58 70 108 Dec. 2 Dec. Dec. Dec. Dec. 29 Dec. 50 47 lf8% *116 Sale 3% Dec. Sale Sale 93 Sale 3 Sale 3 7 Sale 41 Sale 1 55% Dec. 1 69% Dec. 26% Dec. 11 Sale Dec. 21 16 29 7 Sale 1 72 Dec. 71 Dec. 29 89 Dec. 9 31% Dec. 18 2 41% Dec. 1 17% Dec. Dec. 22 26% Dec. HI 3 90% Dec. 24 46 Dec. 31 24 Sale Sale Sale 56 Dec. 31 6% 7% 35% 85% 29% 5 116% Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 111% Dec. *100 . Dec. 17 105% ll%^Dec. 28 Dec. 2 2% Dec. 96 1 93 Sale 14% 96% 3% 3 3 19% Jan. July 3 29 58 116 Oct. 3 53% Jan. 6 27 2 38 .05 4% Dec. 15 48% Dec. 15 88 2 Jan. Jan. 1 14 1 1 Jan. 18% Jan. 5% Jan. Dec. 4 Oct. 24 Jan. 11 Dec. 30 Dec. 31 Nov. 27 1 Dec. 30 Nov. 10 Feb. 5 Oct. 2 Oct. 30 3 6 Oct. Jan. Aug. 24 Nov. 9 Nov. 27 Dec. 17 Dec. 28 3 Feb. 17 Jan. 17 Dec. 1 June 20 3% Apr, 28 Feb. 5 32% Apr. 28 .06 .Tan. 10 2 Apr. 28 26% May 25 Dec. 31 Mar. 14 Dec. 15 Dec. 15 Dec. 29 33% Apr. 30 32% Apr. 30 Dec. 18% June 30 Dec. 30% July 7 13% June 25 70 Aug. 21 6% Jan. 6 84 Oct. 15 37% Dec. 24 52% Sept. 18 3% Jan. 2 6% Nov. 2 13% Jan 21 74 Sept. 11 21% July 8 28 87 12 :100 1 Apr. 21 Nov. 17 Dec. % Jan. .18 59% Dec. 15% Dec. 28 Aug. 27 Nov. 30 Nov. 18 June 20 34% Apr. 30 33% Feb. 18 7 17 1 Dec. 9 Dec. 2 Dec. Dec. 30 Dec. 21 5% 6% 29% 80% 27% Sale Sale Dec. 29 31 88% Sale 14% 10 Dec. 70% Dec. 15 29 123 Dec. 23 109% Dec. 14 5 Dec. 14 Dec. 29 57 Dec. 31 Dec. 2 Dec. 9 9 *116 Dec; 4 Sale 62% Dec. 31 17 120 31 2 9% Dec. 64% Dec. 21 108 Sale 3 17] 14] Feb. 21 19 Dec. 31 Dec. 2 1 4 lUOj Dec. 14 80 70 Sale 95 Dec. 30 Sale Sale Sale Sale 55 2 50% Dec. 38% Dec. 29 3 2% Dec. Sale Nov. 17 Nov. 17 3 104] Apr. 30 76 Apr. 28' 20 Jan. 23 155 Oct. 5% Jan. |17 Jan. 70% Jan. Dec. Sale 116 10 126 Dec. 30 6 Jan. 49 Dec. 3 51% Dec. Dec. 150% Dec. 12 152 Sale 6 Sale 21 DecsjE 22 11% Dec/ 30 117 50 56 Sale 19 148 60% Dec. 31 86% 45% 29% Sale 113% Sale 15! 28 Sale 6% 33% 81% 28% 4 Dec. 8 21 Sale 18' Dec. 8 Sale 54 Dec. Nov. Dec. Sale Sale Dec. 21| May 20 Dec; 26% 53% 5% 6% 31% 85 J Jan. Dec. Dec. Dec. 46 30% Sale 39 41% 15% Sale 86 86% 41% Sale May 11 21 14% Sale Sale Nov. 16 Sale Sale 41% 5 1 8 Sale 57 Sale 6% Dec. %« Dec. 28% Dec. 25% Dec. 18 Dec. Sale Sale 67% 107% 109% 107% 4% Sale 4% 48% Sale 56% 115 117% 3% Sale" 4% 43 42% Sale Sale 70 §8* Sale 70 86 12 145 154 62% 118% 63% 120% Apr. 14 29 150 123 1 Dec. Feb. Sale 151 54% 39% 2% 55 60 Dec. Dec. Dec. 21 17% 14 Dec. 29 1 104 Dec. 1 76 Dec. Dec. 10 18% 121 50 2 Dec. 31 Dec. 23 Dec. 31 Dec. 78 Dec. 28 105 105 Sale Mar. 47% Dec. Dec. 19 15% 12% 102% 70% 16% Sale 14 Dec. 14 Dec. 30 28% Dec. 18 115 103 16% Sale Dec. 30 Dec. 4% Dec. 29 1 % Dec. Sale' 17% 13% 102% 70% 125 4 Nov. 10 Nov. 30 29 73 41% Dec. Sale Sale Dec. 110% Dec. ; Sale 26% 102% Sale 9% 79% Dec. 30 Dec. 90 48% 8 6 43% Dec. 22 29 41 17% Sale 88% 88% 7% Sale Dec. 6 Dec. 74 120 Sale 40 Dec. 85 Sale 41% 5% 45% 105 Dec. 19 112% 43% Dec. 19 48% Sale Sale Sale 6 _ 18 6 Sale 51 Sale Dec. Dec. Mar. 74 45 72 41 Sale 4 41 9% Dec. Sale Sale Sale Sale Sale Sale 92 .23% Nov. 30 12% Mar. 4 Dec. 30 123 124 6% 46 Sale 118% Dec. I 120 32% 152 14 19 20 Sale Dec. 110% 112 39% Sale 31 Sale Sale -k. 71% Dec. : Sale 32% Dec. 21 36% Dec. 7 105% Dec. 106% 103% Dec. 50% 48% Dec. 28 56% Dec. Sale 8 42% Dec. 35% Dec. Sale 39 Dec. 28 56% Dec. Dec. 19% 14% Dec. 29 26 34% 30% Dec. 24 Sale 6% Dec. Sale 42% Dec. 124 110% Dec. Sale 38% Dec. 45% Dec. 104% 104% 56% Sale 37% Sale 143 Sale 25% Dec. Dec. Dec. Dec. Dec. 14% 32% 5% 4% 25 June 30 10% Dec. 11 18% Sept. 8 34% Oct. 5 29 Oct. 7 15% Aug. 10 40% Jan. 8 8% Mar. 10 5% Mar. 25 25 Dec. 9 71% Dec. 24 510% Dec. 30 61% Dec. 31 27% Dec. 18 .01% Dec. 15 61% Dec. i 27% Dec. 8% Dec. 4% Dec. Sale 103 Sale 97 10% Dec. 16% Dec. 30% Dec. 73% Dec. Sale % 13% 8 Dec. Dec. i Dec. 80 Dec. 79 115 4% 21 Dec. Sale 112% 48% Dec. 63 23 Sale 45 21 190% Dec. 54% Dec. Sale Sale 125 8% Sale 29 19% Dec. 22 215 195 29 4% Dec. 28 3 3% Dec. 3% Sale 28 Feb. 7 July 22 16% Dec. 14 84% Oct. 13 89% June 30 69 L16 16% Dec. 90 Sale 9% 13% 25% 21% 12% liH 1 7% 25% 94% 87% 55% 1% 6% 29% Dec. Dec. Dec. Dec. Dec. Dec. Dec. : Dec. Dec. 5 113 13% Dec. 74 17% Sale 12% Sale Dec. 6 25% 94% 87% 45% 1% 634 29% 59% Sale 78% Sale 81 5 Dec. 29 2 18% Dec. 4 Dec. 4 78% Dec. 39% Dec. 18 1 1 Dec. 1 3% Dec. 7 23% Dec. 54% Dec. 23 86 Jan Dec. 2 9 18 Nov. 10 Jan. 16 Jan. 24 Nov. 18 Nov. 19 Jan. 14 Dec. 31 Feb. 28 Feb. 17 Dec. 15 Nov. 23 Apr. 15 Dec. 28 17 Dec. 12 8% Apr., 28 Dec. L 14 77 21 2 Jan. ft June 30 Nov. 18 Feb. 19 & P— 2nd stamped new... 100 Grand Union Go trust ctfs..l Conv preferred series • Granite City Steel • Grant (W T) » Great Northern Tr or» oror> » see pake l Sale Sale 3% . „ Sale Sale it4 ■ 67,500 Sale 1% ... 1,146,100 Glmbel Brothers 6 19 "62% "64*" ... „ Sale Sale Sale 54% Sale 80 88 Preferred... —..——100 Sale Federal Motor Truck ♦ Sale Federal Screw Works * 2% Sale Federal Water Service A * 21% Sale Federated Departm't Stores.* 4% % preferred 100 Fidelity Phenlx Fire Ina.2.50 43% Sale" 20% 22% Fllene's Sons —...—* Firestone Tire & Rubber—10 *25% Sale Sale Preferred series A..—..100 102 46% Sale First National Stores * Fllntkote Co (The) —♦ Florence Stove Co * Stock purchase warrants.* 29 29% Florsheim Shoe (The) cl A__* 4% Sale iFotiansbee Bros ♦ 40 Sale Food Machinery Corp new 16 • 4%% conv preferred 100 30*" Sale Foster-Wheeler 10 111 7% conv preferred —.♦ 110 34 Sale Fourth Nafl Investors 1 62 67% Franklin Simon pref 100 30% Sale Freeport Sulphur Co 10 6% conv pref .....100 121% 160% 52% Sale Fuller Co prior pref ....—* 42 Sale 2d preferred—.——* 69,100 Rights——i.———— 30,320 Gameweil Co (The) ... —* 190 Gannett Co Inc conv $6 pf—* 27,900 Gar Wood Industries Inc...3 347,700 Gen American Investors • 9,200 Preferred —._.—.* 380,500 Gen Amer Transp Corp 5 662,400 General Baking Co——5 2,250 Preferred * 306,400 General Bronxe 5 581,100 General Cable * 235,800 Class A • 52,430 Preferred 7% |oO 64,100 Gen Cigar Inc.... • 2,480 Preferred (7) 100 3,338,000 General Electric..... * 870,000 General Foods * 1,838,800 Gen Gas A Elec Cl A ♦ 10,470 Conv preferred A * 1,610 Preferred A (7) • 1,080 Preferred A (8) ♦ 96,600 General Mills 10,490 Preferred loo 5,487,380 Gen Motors Corp, i§ 94,600 Preferred (5) 111,900 Gen Outdoor Advertising. A* 359,600 Common.. ♦ 29,800 General Printing Ink ♦ 2,240 Preferred —.....* 211,700 General Public Service. ♦ 185,400 General Ry Signal.. * 1,230 Preferred— ..100 1,130,500 Gen Realty 8c Utilities Corp. 1 101,600 Preferred * 249,500 General Refractories.._—!» 62,570 Gen Steel Castings pref .* 264,200 Gen Theatres Equip Corp...* 34,200 Gen Time Instrum Corp....* 715,500 Gillette Safety Razor • „ 40,800 12,600 8,700 17,200 12,900 43,800 % 1% 315,100 Gabriel Co (The) Class A.—* 360 126,200 •• • j..' ■ ' 29,900 Federal Mining & Smelt.. 100 25,700 24,000 31,400 .6,000 17,700 47,500 2,190 Rico.20 Traction—15 Fa)ardo Sug Go Porto 12,500 54 • Sale preferred......106 121 202i700 300 „ Preferred......—.......5® 249,600 6% 6% 33% 30% 9% Sale 3% 5% Sale Sale 6% 4% 22% 43%' 47% Sale Sale Sale Sale Sale Sale 20 Sale Sale 5 Sale Sal* 23% 34% Sale Sale 30% Sale 52 Sale 21 Sale , 4 6% Dec. 15 % Dec. 4% Dec. 21% Dec. 29 34 Dec. 43 Dec. 24 4 18% Dec. 11 5% Dec. 11 24% Dfec. 11 44 Dec. 31 52% Dec. 21% Dec. 1 1 1% July 6 11% Mar? 19 6% Jan. 15 3% Apr. 30 Apr. 29 *25% Nov. 9 44 Dec. 31 24% Aug. 4 28% Jan. 16 52% Nov. 30 16 Jan. 2 22% Oct. 17 16 m. 40 J-:V' ■ • Jan., 1937] AGGREGATE In • SALES '!§# 109,500 19,500 200 Y '?■' . 137 70 27 Sale 81 90 : : 1,300 i?,iio Preferred 3,890 389,600 119,700 4,270 5,010 254,700 35,300 6,600 670 390 17,700 100 920 159,500 3,850 557,400 28,600 910,900 5,800 8,400 420 25,700 3,200 '98,400 100 140 >. (- 17,500 4,800 1,620 309,000 41,900 4,650 220 2,800 1,100 27,000 1,410 26,300 .109 ...... 25 Water 100 Preferred Hanna (M A) Co 05 pref * Harbison Walker Ref ...... Preferred 100 1 preferred........100 Hayes Body—.............2 0% Hat Corp class A...... —25 Hazel-Atlas Co— Hecker Prod Corp v * 25 Heltne (G W) ...100 7% preferred.. Motors..—..——* Hercules Hercules Powder.........—* Preferred -100 242,500 * 10 900 1,900 50,900 • 882,900 Class B • 12,800 Household Plnance part pf 50 1»200 3,600 32,300 /396.000 1,849,300 290,800 121,500 41,100 1,547,300 1,025,100 29,700 10,000 4,000 63,500 149,300 t t c.25 Howe Sound rot trust ctfs._5 .————100 Preferred Hudson Motor Car.........* Hupp Motor Car Corp..—10 1,211,900 Illinois Central..........100 73,200 6% pref series A.......100 •'1 260 8,860 Leased line stock 100 21,750 RR sec stock ctfs ser A1000 143,500 Indian Refining.... -....10 525,000 Industrial Rayon Corp.....* 45,700 (ngersoll-Rand ......—* 260 6% preferred.........—100 20 11,300 197,900 11,700 29,300 32,800 272,400 51,200 24,400 3,600 45,000 1,400 189.500 825,600 65,800 207,900 167,100 1,311,300 388,800 105,600 69,800 785.501 15,700 55,600 69,200 Inland Steel—— —* Inspiration Cons Copper..20 : 173,800 1,700 139,400 114,200 363,600 134,900 6,900 590 1,230 3,200 3,700 6,300 1,440 310,000 15,500 110 Internet Nickel of Canada..* 100 Preferred.. Internet Paper Ac Power cl A • Class B————* . Class C— Preferred..............100 Internat Printing Ink......* Preferred ——106 Int Rys of Cent Amer Certificates..............* Preferred..............100 International Salt.........* International Shoe. International Silver—....106 preferred—.......100 7% 39.840 Jewel Tea Inc..............* 282,800 fohns-Manville Preferred 4,450 490 2,550 7,200 lones 8c Laugh Steel pref. 10t 29,800 Kalamazoo Stove Con—...10 860 Kansas City Lt 1st pf Ser B • 24,400 4,500 6,600 6,100 293,300 Kansas City Southern 151.600 159* Sale Sale 12>* 30 Sale 134 138 1019* Sale" 69* Sale 4 35 Sale 129 329* 349* 14 q379* 359* Dec. 24 13 Dec. 2 269* Dec. 23 Sale Sale Sale 409* Sale 190 999* 159 Sale Sale Sale 49* Sale 6 Sale. 349* Sale 1259* Sale 4 , 49* 29* Sale 19* Sale 269* Sale 409* Sale 107 ..... 29* 209* 269* 479* 219* 39* Sale Sale Sale Sale 619* Sale 139* Sale 139* Sale 829* Sale 15 Sale MJZ?. 599* 61 Sale 1249* Sale 81 Sale 629* Sale al339* Sale 209* Sale 109* Sale 49* Sale 93 Sale 479* Sale 1119* Sale 99* Sale ®!H A" 28 49 105 199* 30 100 139* Sale 20 Sale 20 Sale 1219* 439 239* Sale 46 Sale 143 Sale Sale Sale 136 419* 249* 759* 659* 5 Sale 117 189* Sale 42 Sale 429* 189* Sale 35 Sale 29 Sale 279* Sale 332,000 220,600 1,626,500 250 7,600 17.800 5,810 37,700 80 85 111 120 Dec. 28 1 1 12 Dec. 23 104 4 Dec. Dec. 7 Dec. 14 19 May 14 141 1509* July 8 165 259* Apr. 30 41 84 126 Dec. 10 Dec. 31 102 Dec. 3 529* 269* 49 32 90 12 339* 1043* 199* 279* 84 151 48 879* Sale 299* 31 249* Sale 104 .110 839* Dec. 16 90 1409* Dec. 2 152 Dec. 28 1269* 126 Dec. 16 133 44 Dec. 30 509* 1189* Dec. 9 1189* 189* Dec. 1 239* 409* Dec. 22 469* 2894 Dec. 17 35 239* Dec. 29 279* 109 Dec. 24 110 123 Dec. 23 2 30 15 3 28 30 11 12 3 109* 2 9* 95* 29* 229* 160 Dec. 31 569* 1 3 Dec. 31 Dec. 5 Dec. 9 Dec. 1 Dec. 9 Dec. 14 Dec. 14 Dec. 1,200 37,900 25,200 4,000 21,400 19,300 „ * • * • ? 72o 620 360 68,700 40,200 30,500 5,600 7,200 ser A..* 90,180 Kinney (G R) ---* 239* Sale 21 Sale 209* Sale 179* Sale 159* Sale 229* Sale 22 85 88 299* Sale "l9" Sale" 5 Sale , Kresge Dept Stores.........1 940 8% preferred .......100 38,700 .. 14,700 Kress (S H) Ac Co new ...* 539,900 Kroger Grocery 8c Bak— 8,680 8,590 329,800 31,300 299,600 279,300 15,890 764,300 334,100 284,900 132,700 189,300 Laclede Gas.. .....—.100 I Preferred... .100 Lambert Co (The)———* Lane Bryant —... Lee Rubber A Tire * 5 Lehigh Portland Cement..25 4% conv preferred......100 Lehigh Valley.. — .... 50 5 72 59* 88 131 249* 289* 148 130 130 Dec. 45 Dec. 509* Sale 43 449* 229* Sale 199* 79* Sale 149* Sale 159* Sale 17 Sale 15 Sale 179* 429* Sale Sale 18 Sale 107 Sale 429* Sale 89* Sale 29* Sale Lehn A Fink Products Corp_5 12 Sale Sale 229* 8ale 239* 37 Sale 40 15 139* Sale 44 V< 172 Sale 199* Sale 33* Sale 173* Sale 1199* Sale 19?* Sale 23 Sale r39 18 Sale Sale 399* Sale 150 160 189* 29* 163* 1199* 189* Sale Sale Sale Sale Sale 18 135 10 £48 219* Doc. 29 219* Dec. 29 38 175* 1494 169* £369* 1559* 179* 29* Doc. 30 245* 289* 449* 209* Dec. 29 Dec. 9 17 Dec. 4 189* Dec. 9 439* Dec. 23 172 Dec. 19 209* Dec. 24 39* 16 Dec. 29 189* 1189* Dec. 29 1229* 179* Dec. 22 20 4 59* Jan. 23 179* Feb. Jan. 6 June 5 6 Jan. 549* Sept. 739* Oct. Nov. 10 Nov. 12 Feb. 14 Dec. 19 Nov. Feb. 6 Dec. 30 18 11 Jan. 189* Jan. Dec. 29 Jan. 2 59* 189* July 1 59* July 10 July 10 479* Apr. 28 194 Jan. 8 1059* Jan. 23 160 Apr. 30 109* 8 Jan. 2 Dec. 21 189* 2 8 19 Oct. Dec. 28 Dec. 30 Mar. 11 Dec. 12 3 Dec. Dec. 31 Apr. 3 Dec. 7 21 Feb. Dec. 31 669* Nov. 18 136 Nov. 20 82 Jan. 23 47 15 2 107 16 Oct. 15 Jan. 2 229* Apr. 2 249* Aug. 14 319* Nov. 12 113 Apr. 29 126 Sept. I 5894 Jan. 18 939* 88 May 7 152 1219* Feb. 5 1269* 759* May 27 133 39 94 J^y 15 509* 116 13 Nov. 24 Jan. 2 199* Jan. 17 1 Dec. 28 Jan. 2 27 239* Dec. 29 80 Jan. 7 1 199* Dec. 22 179* Dec. 22 149* Jan. 2 9 1 87 Feb. 289* Jan. 7 Dec. 21 Dec. 3 35 v. Dec. Dec. 199* June 30 2094 Apr. 27 1 31 12 Jan. 10 29 2 Nov. 30 Dec. 21 51 Nov Jan. 339* Jan. 509* July 269* Feb. 189* Nov. 189* Dec. 459* Nov. 2 15 1594 Apr. 30 94 9* Apr. 30 180 8 94 Jan. 2 22 4 2 July 6 19 99* Apr 29 89 May 11 1239* , 2 5 Oct. 3 Dec. 12 July 8 28 Dec. 159* July 7 9* Jan. 12 July ■ Nov. 18 Feb. 10 189* Nov. 13 32 1 9 639* Nov. Dec, 1 Dec. 15 June 5 289* Jan, 749* Feb. 26 135 \ug Dec. 31 Dec. 249* Jan. 2 259* Mar. 20 Oct. 28 28 107 49* Apr. 29 1 Nov. 14 Dec. Dec. 1 121 Apr. 6 26 Apr. 2 489* Apr. 8 369* Nov. 17 339* Feb. 25 110 Nov. 18 179* June 4 249* 1894 Jan. 7 469* 39* May 11 79* 61 30 Apr. 28 205* Apr. 28 329* 999* Dec. 3 1109* Dec. 12 Dec. 9 Dec. 1 Dec. 2 Dec. 1 Dec., 1 Dec. 16 Dec. 1 Dec. 1 Dec.. 9 Dec: 8 Dec. 8 Dec. 17 Dec. 1 12 14 50 119* 109* 39* 3 199* Dec. 31 107 Dec. 3 Dec. 9 629* Dec. 30 Dec. 29 21 Dec. 3 Dec. 3 Dec. 23 4 16 239* Dec. 11 149* Dec. 11 Sl/8 Dec. 11 989* Dec. 18 May 22 489* Nov. 18 Apr. 27 112 Sept. 9 Jan. 7 119* Oct. 20 Tan. 9 109* Oct. 20 Jan. 9 619* Nov. 12 30 Oct. 23 Apr. 28 Oct. 8 539* Feb. 21 Nov. 17 Apr. 29 35 Nov. 25 June 8 93 Sept.21 199* Feb. 17 Apr. 30 379* Nov. 18 37 107 1 . 6 8 20 Dec. 31 65 21 4 6 Apr. 30 Jan6 Jan. 9 209* Apr. 30 Dec. 239* Dec. 219* Dec. 229* Dec. 469* 79* Dec. 30 609* Dec. 23 309* Dec. 3 1009* Dec. 18 15 Sale Sale Sale Sale Sale Sale Sale Sale Sale 95 *or footnotes *ee page 363* 694 599* 309* 1003* 199* Dec. 22 179* Dec. 22 209* Dec. 21 104 1049* Sale 56 609* Sale 189* 199* Sale 42 ,449* 349* 59* 59* 59* 46 489* Sale 30 Sale 279* 999* 1009* 999* 105* 12 109* 109 579* Sale 199* Sale 47 "269* Sale" Lehigh Valley Coal... * Preferred. ......—..50 Lehman Corn (The) * . 107 Sale Feb. 439* May 2 Dec. 16 Oct. May 12 20 49* Jan. 2 159* 259* May 21 419* 106 May 12 147 125 Aug. 21 140 889* July 7 122 69* Jan. 6 249* 5 Oct. 27 79* 1109* Dec. 10 1119* Dec. 3 89* Dec. 14 99* Dec. 1 7 79* Dec. 22 99* Dec. 3 Dec. 5 57 539* 51 Dec. 10 25 Dec. 29 Sale 289* Dec. 5 49 9* a;479* Dec. 14 499* Dec. 2 Sale 30 Dec. 18 3294 Dec. 1 Sale 85 Dec. 14 929* Dec. 1 Sale 119* Dec. 29 129* Dec. 2 31 Dec. 16 359* Dec. Sale 1 103 Dec. 19 105 105 Dec. 1 20 189* Dec. 24 20 Dec. 11 Sale 269* Dec. 29 31 Dec. 8 1209* Dec. 28 1219* Dec. 2 Sale 17 115 Dec. 22 544 iFeb. 11 Dec. 4 Dec. 19 Dec. 2 Dec. Dec. 299* Oct. 17 30 58 9 439* 44 1169* 209* Sale 44 19 499* Dec. 31 339* Oct. 30 1% Dec. 16 429* Dec. 31 189* Apr. 30 Dec. 18 Dec. 18 Dec. 1 Dec. 18 1259* 39* 29* 19* Dec. 2 2 599* Dec. 2 649* Dec. 23 1309* 1359* 1339* Dec. 2 1335* Dec. 2 189* Sale 159* Dec. 28 239* Dec. 11 12 Sale 109* Dec. 3 149* Dec. 11 69* Sale 49* Dec. 1 89* Dec. 11 93 Sale 88 Dec. 2 989* Dec. 18 44 Jan. 229* Nov. 5 39* Feb. 19 1 639* Sale Sale 2 June 13 124 89* Apr. 27 139* 45 13 5 39* June 10 Dec. 7 Dec. 21 llOK 89* Feb. 1394 May Dec. 31 99* Sale 17 Sept. 16 119 489* Jan. 139* Dec. 10 2094 Dec. 15 29* Dec. 7 Dec. Apr. Jan. 399* June 5 449* Feb. Mar. 229* July 2 33 Nov. 659* Jan. 14 78 549* June 4 £709* Nov. 69* Jan. 7 139* Dec. Dec. 31 Dec. 3 Dec. Dec. 30 80 % Dec. 8 199* Jan. 13 Dec. 30 Dec. 14 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Jan. 23 150 Aug. 13 135 309* Jan. 108 5 6 6 27 Dec. 29 Oct. 14 Jan. 589* Sept. 24 407 Dec. 2 59* Dec. 29 135* Dec. 1 59* Dec. 1 189* Dec. 2 59* Dec. 2 47 9* Dec. 29 194 Dec. 7 1059* Dec. 18 159 Dec. 2 109* Dec. 3 79* Dec. 21 189* 3 219* Jan. 117 3 7 1 14 Jan. Mar. 129* Aug. 17 Dec. 30 Dec. 24 399* Dec. 189* Nov. 24 Mar. 4 Dec. 8 136 Dec. 19 140 Dec. 29 120 Dec. 4 249* 20 9 Dec. 149* Dec. 29 129* Dec. 1 369* Dec. 28 Jan. 995* Dec. 24 133 Dec. Dec. 259* 48J* 729* 169* Nov. 18 Nov. 24 115 49* Apr. 30 Dec. Dec. Dec. Dec. Dec. 10 Aug. 4 159* Dec. 11 2 15 1259* Nov. 17 June 22 1059* Mar. 18 55 Dec. 28 309* Jan. 3 120 Jan. 3 1359* Dec. 1 14894 29* 49* 289* Sale 249* Sale 8% preferred—...... * ,48,780 369* Sale 25 622,000 Kxesge (S S) Co —......10 Sale 7% preferred.......—..100 1069* 1069* 7,070 80 ■v- " ......* 2,039,082 Kennecott Copper 301,350 Keystone St'l AcWire Co new * • 34,000 Kimberly-Clark. 55,100 170 Conv class B...........—I Kelvinator Co 3,180 Kendall Co part pref 160,700 3,400 Convertible class A——1 Dec. 9 219* Dec. 19 449* Dec. 28 9 34J* Dec. 16 37 108 1 1299* Sept. 32 16 19* Dec. 4 8 8 Jan. Dec. 1 Dec. 16 Dec. 31 Dec. 8 5 199* Mar. 629* Oct. Aug. 63 £104 100 .499* Dec. 31 65 17 Jan. 23 179* Nov. 6 49* Dec. 9 66 Dec. 9 June 1C Jan. S 6 Dec. Dec. Oct. 95 14 Kelsey Hayes Wheel— 36,300 24,500 85,900 4 1 124 49* Dec. 22 119* Dec. 3 189* Dec. 29 139* 24 8 8 Dec. 19 69* Sale 1579* Sale Jan. Jan. Dec. 279* 1%, 2 429* 8 1129* 65 399* Nov. 18 33 1 Highest 469* Oct. 14 429* Dec. 31 1499* Aug. 14 0 Apr. May 21 149* Dec. 21 19* July 7 24 July 7 99* Jan. 2 309* Jan. 2 289* Jan. 7 Dec. Dec. Dec. " 30 Dec. 29 10 132 509* Mar. 105 2 Dec. Dec. Dec. 3 150 Dec. 3 130 Dec. 22 679* Dec. 14 110 4 Dec. Dec. Dec. 55 49* 389* 1869* 979* 1549* 49* 55* 439* Sale 1869* 191 1059* Sale 19 121 29 429* 29 289* 17 76 10 £689* Dec. 1 139* 140 1269* Sale 1249* 126 126 Sale 1269* 129 Sale 15 121 Dec. 6 Dec. 22 450 407 x68 2 10 34% Dec. 16 369* Dec. 12 159* Dec. 11 309* Dec. 1 1359* Dec. 419* 42 249* Sale 76 779* 689* Sale 129* Sale 649* Sale 49* Sale 119* 129* 189* Sale 29* Sale 1209* 899* Sale 509* 118"' 120" 29 Sale 329* Sale 929* Sale 129* Sale 359* Sale Dec. 38 128 9 139* Dec. 165 179* Sale 369* 1769* Sale 619* Sale 149 1539* 39* Sale 49* Sale Dec. 55 Dec. 21 63 659* 1129* 107 499* Sale 409* 1209* 1219* 114 249* Sale 229* % 39 429* Sale 1133* 1129* 7 8 9 121 160 6 Jan. Jan. 179* Dec. 49* Dec. 158?* Dec. 11 Dec. 329* Jan. 22 167 135 . 1936 Sale Prices 65 66 ; . 31 1 125 34 Lowest 136 15 1019* Dec. 29 105 489* Dec. 10 55 128 Dec. 17 1359* 16?* Dec. 18 17 J* 130 . Dec. 81 zl04 Dec. 12 629* Dec. 14 Sale 1189* Sale" 1179* Sale 113 149* Sale 13 239* Sale 59* Sale 59* 69* 59* 13 Sale 12 Sale 103* 49* Sale 49* 59* Sale 149* Sale 179* Sale 139* Sale Dec. Sale Sale 349* Sale 1349* 134 5 Dec. 339* Dec. 29 28?* Sale 13 38 - YEAR Sale Prices 619* Dec. 17 1 1299* Dec. 17 359* 689* 70 153* Sale Sale 39 Sale 100 Preferred 109,400 Kaufman Dept Stores..012.56 134,700 Kayser(J) 8c Co...... 5 1,730 Kelth-Albee Orpheum pf.106 40 13 Sale 117 95 100 57,436 10 249* Sale 459* 449* 729* 39* Sale .............. 1,700 13,600 l 59 K. Sale ........... 8,800 209* Sale 49* 1299*Sale 59 405 289* Sale 75 779* 659* Sale 109* Sale 579* Sale 49* Sale 129* 13 199* Sale 19* Sale 109* 109* 169* Sale 19* Sale 29* Sale Int Business Machines.....* | Sale 429* 43 Sale 139* Sale 3,716,900 343,900 Interstate Dept Stores......* 6,910 Preferred 10€ 59,500 Intertype Corp............* 56,700 Island Creek Coal....—...1 1,010 Preferred.. 1 270 *399* Sale" 539* Sale 18 (nternat Harvester,.. Sale 444 ""69* Sale" —* Internat Tel 8c Tel—...... * 2,500 42 419* Sale 309* Sale 65 729* flnterboro Rap Tran v t c 100 Agricultural * Prior preferred .....100 Sale 1129* 12 Dec. 22 Dec. 2 Sale 63 108 1149* Sale 279* Sale 239* Sale Sale Sale 49 48 13 519* Sale 150 129 Sale , 109 486"" sod*" Intercontinental Rubber...* 14,000 738,700 337,300 881,100 1,586,400 72,850 9,940 35,870 16,760 38,660 1: 40,200 50,000 81*600 20,630 470 67 ""©""Sale" Sale Internet 379* Sale 1289* Sale 118 33 H 59 Dec. 21 Dec. 2 Dec. 30 Dec. 20 f 379* Dec. 164 136 130 4 149* 39* 489* 119* Sale £ 110 164 69.200 Int Mining Corp..———.1 2,556,200 1,110 879* Sale 121 629* Dec. 14 339* Dec. 21 j 439* Dec. 31 429* Dec. 31 Dec. 31 146 139 Dec. 4 109 1089* 106 69* Sale 59* Dec. 21 69* 101 Sale 995* Dec. 24 1049* 139* Sale 129* Dec. 8 149* 139* Sale 1249* 128 37 379* Dec. 10 389* Dec. 0 Sale 106 105 160 7 Inter lake Iron..... 108 104 Sale Sale Highest Dec. 106 69* Sale 1519* 1579* 359* Sale Insuranshares Ctfs Inc.....1 * 7% preferred 100 889,300 Internet Hydro-Rlec Sya A.25 206,200 Internet Mercan Marine....* 386,900 106 136""" 138"" Hudson 8c Manhattan....106 66,100 4,900 3,920 9,800 19,200 3,600 Sale 117 Sale Sale * Common stock new Houston OH of Texas 120 139* 1139* 59* 120 Sale RANGE FOR Sale Prices 78 1029* 1049* 1029* 50 Sale 529* 128 1359* Sale 17% Sale 17 309* Sale 6,590 $5 cony preferred.........* 505,200 Hollander (A) A Son 5 76,200 Rights 438,600 Holly Sugar Corp.... * 630 7% preferred...........100 13,400 Homestake Mining.......100 * 121 112 1039* 104 309* Sale 115 * 41,600 Houdallle-Hershey cl A Sale 118 349* 36 379* 139* Sale 309* Sale Sale 69* Sale 789* Sale ..* Holland Furnace 34 309* Lowest 55 129* 139* 519* Sale 499* Sale 129 Sale 000' Sale Prices Ask 60 629* 349* Sale 733* 80 159* Sale 39* Sale 85 169* Sale 39* Sale 61 Sale Sale Sale 14 110 68 379* Sale Sale 35 : 71 299* 99* Sale 309* Sale ..........10 Hamilton Watch.......—.* 64 27 29?* Preferred Hall Printing 24,000 Hershey Chocolate 19,400 Coot preferred 76,200 32,600 ~~2~~ 109,400 Gulf Mobile Ac Northern..100 58,820 Preferred 100 85,700 Gulf States Steel 29 —* 6,660 7% 1st preferred—«I00 108 11,800 Hackensack 160 ^ 31?* ... Dec. 31 Ask Bid , 399* Sale 429* 409* Sale 429* 143 1479* 139 Sale Sale 40 33,300 V 34 9* 135 V'1.039 • Dec. 1 Bid 35 Y; » Ask :_100 4.100 ; i 420 Green Bay & Western RR.100 892,900 Green (H L) Co — 1 vY< 1,580 Greene Cananea Copper.-100 284.100 Greyhound Corp (The) new ♦ 244,100 Guantanamo Sugar * 80 ' Bid 10° H-'V1" 10 24,800 • Par 1.679,800 Great Northern pref 357,700 Great West Sug— 5,680 Preferred 104,700 59,100 Y,1,650 i Y 3,400 i : :U ' 1936 Shares U ■■ Price Jan. 2 1936 V Share- EXCHANGE—STOCKS PRICES IN DECEMBER STOCKS N. T. STOCK EXCHANGE 12 Months December . NJ Y. STOCK 13 8 31 13 6 17 16 10 Nov. 10 Oct. 19 6 1 Nov. 20 Feb. Oct. 219* Nov. 10 N. Y. STOCK EXCHANGE—STOCKS 1936 YEAR RANGE FOR PRICES IN DECEMBER Price Jan. 2 Lowest Lowest Highest Sale Prices 1930 Sale Prices Highest 38*4 May 4 65 47** Jan. 2 80 ** 13 7 May 19 25 May 7 31*4 97 Mar. 16 115 975* Mar. 13 116** 160 r Oct. 28 170 ** 19 Apr. 29 23 ** 25*4 Jan. 2 63** 36 July 32 ** June Nov. 10 Nov. 7 Jan. 29 Jan. 16 Jan. 16 Dec. 23 Feb. 5 Nov. 39 46** Dec. 67*1 Dec. 108 J* July 35* Feb. 61** Dec. 85* Mar. 104** Feb. 28 2 Apr. 23 35** Jan. 2 354 Jan. 2 x385i Oct. 15 45 107 May 19 113 21*4 Apr. 28 26** 140 Dec. 3 151 51** 13 Jan. 3 20 May 4 303* 57*4 Jan. 2 1025* 22** July 8 35 17*4 May Jan. 4 6*4 July 27 185* Jan. 10 2 J* July 7 41 May 5 11*4 Jan. 22 6*4 Apr. 28 27 Jan. 30 May 25 Oct. 7 Oct. 19 Feb. 19 42 H 27*4 Apr. 27 153*4 Jan. 17 43** May 4 Nov. 17 Dec. 11 Nov. 18 163 70 Feb. 28 Apr. 30 21** 43*4 Dec. 30 55 50** 44 Nov. 20 103 Jan.| 2 111 37 29 Feb. 24 12** May 9 23** 92 June 19 101** V? 16 7 83*4 Dec. 22 854 Apr. 30 375* Jan. 3 11*4 Apr. 29 38*4 Oct. 97 »4 Jan. 125* Jan. Dec. 55** Jan. 6*4 May 50 May 31*4 Jan. 4054 Jan. 55* Jan. 217** Apr. 2154 Jan. 110 88 265 Feb. Mar. Apr. 106 J* June 119 6 *4 57** 154 2*4 25* 165* 5*4 14*4 2 3*4 19*4 79 355* 1% 41*4 60*4 5* 2854 15*4 11** 70 21 44*4 102*4 14 43 15 Dec. Jan . Jan. July Aug. Jan. June Jan. Jan. Sept. Jan. Aug. May Jan. Dec. Dec. Jan. Jan. Apr. Jan. Apr. May Jan. 7 2 6 17 14 5 2 10 6 2 15 '3 24 19 7 28 23 6 2 30 2 30 1 7 Aug. 12 4 Jan. 22 24 3 IS 17 18 14 14 Nov. 30 Oct. 9 91 12 125* Mar. 23 94 254 5** 6** 29*4 954 3354 4 Dec. 30 Feb. 7 Feb. 10 Feb. 8 Dec. 31 Feb. 21 Oct. 16 Feb. 7 754 Feb. 11 33** Dec. 23 103 Mar. 6 68 Nov. 28 2% Dec. 21 595* Feb. 7 71 Feb. 25 2** Nov. 30 43** Oct. 19 27 Nov. IS 395* Nov. 18 101 ** Nov. 23 365* Dec. 5 Aug. 1 Dec. 31 Mar. 6 Nov. 7 21** Feb.' 19 47** Oct. 22 19** Dec. 17 1554 Mar. 9 3854, Jan. 9 18 8 8 33** Dec. 28 28** July 7 1125* Mar. 2 112 June 4 24** Nov. 18 3354 Mar. 6 37*4 Apr. 14 36** Nov. 30 9 164** Dec. 375* Dec. Dec. 29 107** Dec. 21*4 Jan.. 6 21 Apr. 30 107** Nov. 27 107 Dec. 24 10 Apr. 8 2554 June 11 28 Oct. 5 2654 June 30 155 Oct. 29 1375* Jan 21 54 Dec. 19 954 May 11 *4 Jan. 8 *4 Jan. 10 57** Apr. 29 19*4 Jan. 2 74*4 Jan. 6 7*4 July 10 10** June 18 32 Apr. 30 41 Apr. 15i 104*4 Apr. 7 40, Dec. Jan. Jan. Nov. Nov. Nov. Aug. Dec. Dec. 18 13 107** Dec. 31 45 Oct. 19 9 Nov. 17 6 65 165* Dec. 31 3 30 30*4 Nov. 6 9 4854 Sept. 10 21 131** Mar. 30 Sept. 16 9 109 Nov. 10 8 112 Nov. 10 19 126 Dec. 23 22 120 30*4 Dec. 21 For footnote# see page Dec. 12 Nov. 18 1 122 12*4 Apr. 30 9*4 Apr. 30 285* Oct. 6 100 Nov. 12 24** 4954 118** 145* 49** 2154 1085* 285* 31 22 8 Mar. 19 Dec. 2 May 5 79** July 3 108 225* Apr. 30 Jan. 2 62** 20*4 May1 153 Feb. 28 Apr. 46 6 June 16 295 1 Jan. 21 Oct. 30 Nov. 12 Dec. 12 Nov. 5 9 Dec. 7 35** Dec. 7 18 Nov. 9 57** Jan. 10 23** Feb. 3 245* Dec. 31 65* Mar. 17 125* Aug. 7 3*4 Mar. 19 23 Nov. 30 45 Nov. 30 7** Dec. 8 56** Nov. 23 25*1 Nov. 19 12 Mar. 5 3 40*4 Nov. 17 Sept. 49** 65** 155* 67 8*4 Apr. 30 1*4 Jan. 7 13 4 31 17 11 1 24 Jan. 42 Oct. 16 Jan. 30 Apr. 30 Jan. 2 Jan. 6 Jan. 2 Jan. 2 7 June 30 32 Dec. 28 12*4 Dec. 29 33 2754 40*4 854 34*4 15* 7** v2** Jan. 9 Dec. 55 3 3 Apr. 21 43 Nov. 17 Dec. 171 15 Nov. 16 61** Dec. 14 147 12*4 Jan. 30 Feb. 11 3 * 1** Feb. 78 Dec. 75** Nov. 133 Dec. 12** Nov. 13** Jan. 60 4 7 14 10 24 Nov. 24 64J* Nov. 110 11 9 Nov. 23 N. T. STOCK JAN., 1937] SALES AGGREGATE In 12 Months December Price Jan. 2 N. T. STOCK EXCHAN OB im Shares 180 258,200 8,900 283,000 14,400 12,400 13.860 19,500 190 80,400 118,200 168,900 12,100 7,300 37,400 r. 330 430 440 8,400 3,800 230 175,300 3400 452,200 2,000 100 169,800 140 16,900 110 Shares Bid 600 90 Sale 1 Sale Sale Sale Dec. 21 845* Dec. 1 . {N Y NH «t Hartford..., 100 Convertible preferred.. too NYRys pf 13,000 67 — — 370 300 North Amer Edison pref. Northern Central Lit Northern Pacific .100 1,300 5,100 200 624,700 42,550 109,300 7,300 124,700 5,900 13,000 17.900 143,500 29,200 25,000 4,400 21,200 18,800 61,600 7.300 10,300 116,300 5,300 Telegraph Sale Sale Sale Dec. 23 Dec. 22 Dec. 2 Sale Sale Dec. 31 Dec. 1 Sale Sale Dec. 11 135* Dec. 30 83 955* Dec. 21 100 108 Dec. 3 109 J 2] 15* Dec. 3 Dec. 3 Dec. 9 Dec. 29 284 Dec. 10 1115* 295* Dec. 29 33 i 545* Dec. 14 56 Dec. 4 — Sale Sale Sale Sale Sale 25 123 16 5* 00 Sale 90 87 Inc. Pan Amer Pet 4c Trans ..—.5 4c Ref ....100 Inc........—* 4% conv preferred......100 Paramount Pictures......—1 2d preferred...........100 preferred............10 I Utah Cons Mines.....1 Park Ac Tilford— Park — Sale 31 515* Sale 165* Sale J 20 118 1355* 1425* 13?! Sale Parmelee 175* Sale Peerless Corp Sale 19 785* Sale 'ml Sale" 79>* Sale Sale 195* Sale 45* Sale 12 ..* 4 5* Sale 8 13 5* Sale Sale Sale 15* ......... 69 Sale Penney (J C) Co.....—., Penn Coal 4c Coke —10 79 5 Sale Sale 7% Cement preferred series A 100 45* Sale 285* Sale Penn Glass Sand Cerp vtc 50 Pennsylvania Sale Sale 105* Dec. 1025* Dec. 102 Sale Sale 295* tn 107 1145* Sale m Sale 131 m Sale lie Sale 160 71 315* Sale' 32 325* 1145* 116 415* Sale 153 275* 185* Sale 60 Sale 1065* 215* Sale" 125 Sale Sale Sale Sale Sale Sale Sale 156 Sale m 34 65* 85* 165* 35* Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 625* 625* 1115* Sale Sale Sale 5 Sale Sale Sale Sale Sale 66 Sale Sale Sale Sale 75* 705* 205* 415* 58 112 Sale 114 625* Sale 6 55 Sale Sale 55* 385* 4 Sale 30 Sale preferred......... .100 65 Sale 108 Sale 56 5f Sale Sale Sale 79,000 24,100 82,100 4,200 700 8,710 67,100 85,100 700 900 80 600 48.300 192,900 8,600 200 .33,700 3,100 69.900 14,000 1,800 87,100 1,640 1.480 15,400 103,000 800 42.400 38,600 23,200 52,600 122,300 9,300 13,400 35,800 850 .".25 Phelps Dodge Preferred.. ........... 1.462,300 Phillips Petroleum...... 130,900 1,500 6,360 v Pfelffer Brewing Co...... 49,200 Philadelphia Co pref 6% ..50 * $4 preferred .......... 9,000 25,870 tPhlla Rapid Transit Co. ::«# 44,350 7% preferred.......... ..50 412,600 PhUa 4c Reading Ckl.. IIIo 425.100 Philip Morris Ac Co 19,900 Phillips Jones Corp..^— 7,850 4,400 .... ~5 , 'ioo 32,500 Phoenix Hosiery .100 Preferred 2.660 192,500 Pierce OH Corp 8% pref .100 732,000 Pierce Petroleum—.... 57,800 Pilsbury Flour Mills..— -25 1,630 Pirelli Co of Italy Am she 94,600 Pittsburgh Coal (of Pa).. TOO .100 4% preferred..... 32.300 799.300 Pittsburgh Screw Ac Bolt. _.* Pittsburgh Steel Co..... .—* 4,400 TOO 64,360 ...Preferred 30.800 4,808 441,000 23.660 50,780 37,400 654,600 13,500 484,700 133,900 98,600 267,200 349.750 30.000 40,300 335,000 5,360 Pitts Term Coal.......... 4% preferred..........100 54 79 Sale 1005* conv conv 1st pref 5 2d pref.........50 Procter Ac Gamble........ Preferred 5% • 100 16 4 97 109 25 Dec. Dec. 30 Dec. 30 205* Dec. 19 Dec. 19 Jan, 3 73 Feb. Dec. 29 Dec. 30 108 825* Dec. 12 90 235* Dec. 23 25 Dec. 9 Dec. 11 Dec. 9 Dec. 31 Dec. 7 185* Dec. 31 12 Dec. 3 565* Dec. 23 54 Dec. 7 Dec. 28 1005* Dec. 29 85* Dec. 29 155* Dec. 29 25* Dec. 7 Sale 72 Sale Sale Sale 15* Sale 355* Sale Sale Sale 85*|Dec. 28 72 Dec. 21 1 12 «flDec. 1 25* Dec. Sale Sale 29 22 54 95* . 735* 8 50 95* 3454 10 . ■87$ Sale Sale ... 70 Sale 375* Sale 495*Sale' $$ 585* 3 Dec. 22 87 Dec. 17 455* Dec. 595* Sale Sale Sale* Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 185* Dec. 31 77 1 3 Dec. 225* Dec. 29 35* Dec. 2 105* 45* Dec. 14 8* Sale 1*7 5* Dec. Sale Sale Sale 19 Nov. 12 24 Feb. 19 June 4 Jan. 2 255* Apr. 28 46 645* Jan. 3 112 56 Jan. 16 Jan. 6 13 5I 90 2 ii* 235*lDec. 21 49 Jan. Dec. 31 9 Dec. 31 Mar. 4 Dec. 23 Aug. 19 Oct. 19 Mar. 13 Mar. 13 Jan. 13 July 24 Feb. 7 Mar. 5 Dec. 30 Dec. 1 Feb. 21 Dec. 31 Dec. 31 Jan. 0 Aug. 20 Dec. 31 Dec. 24 Nov. 10 Dec. 31 Dec. 31 29 2 110 Dec. 14 45 Dec. 9 Apr. 11 Nov. _ 6 Apr. 41 3. Aug. 10 Nov. 31 185* 105* June 30 195* 255* Jan. 7 565* 545* 455* Jan. 815* Jan. 1025* 12 354 Jan. 165* 85* Jan. 35* 15* July 66 Mar. 13 1015* 75* Apr. 29 155* 68 Apr. 29 88 385* Jan. 6 525* 55* July 3 70 July 13 8 Jan. 2 185* 35* 15* Jan. 2 275* Dec. 29 375* 495* Dec. 22 625* 75* June 8 355* Apr. 28 77 75* Apr. 30 135* 125* June 9 Nov. 18 9 112 J 17 Oct. 58 30 Sale 2 July M Oct. 9 305* Dec. Mar. 24 Dec. 74 35* Dec. 15 2 112 Dec. 31 L05 Dec. Dec. 14 315*JDec. 21 36 Sale 25*lDec. 21 35* Dec. 8 1 27 5i Dec. 30 Sale 195*?Dec. Dec. 1 225* ,205*lDec. 29 22 2 Dec. 12 Sale 245* Dec. 4 Feb. 0 275* Dec. 30 265* Mar. 3 295* Dec. 12 115* Dec. 15 2 Dec. 15 Dec. 15 Dec. 3 Dec. 23 Dec. 31 2 Dec. 18 735* Dec. 18 3 Dec. 31 Dec. 15 1225* Feb. 20 3 2 Sale Sale Sale 49"" Sale" Dec. 24 2 135* Dec. 30 115* Dec. Dec. 31 235* Dec. 21 29 2 110 Dec. 31 945* Dec. Sale 120 Dec. 10 1 Sale Sale Sale 2 1 Sale Sale 21 21 1125* Nov. 30 65* Jan. 28 Dec. Dec. 31 Dec. Dec. Dec. 31 Dec. 45* Dec. 21 Dec. 17 23 475* Mar. 10 325* Nov. 5 10 Apr. 1 115* Apr. 2 175* Nov. 7 35* Dec. 30 3 14 Dec. 15 Dec. 11 Dec. Dec. 30 Dec. Dec. Dec. Dec. Dec. 29 125* Dec. Dec. 4 Dec. 30 Dec. 30 174 3Z% Dec. 33 83 52 13 225* Dec. 30 Dec. Dec. 24 1 145* Dec. 105* Dec. 29 9 515* Dec. 6 4 Feb. Dec. 17 Dec. 23 935* Dec. 29 45* Dec. 19 7 Dec. 21 63 Dec. 9 195* Dec. 11 385* Dec. 22 495* Dec. 22 110 Dec. 7 48 Apr. Apr. Dec. 30 19 2 8 30 30 29 Dec. 28 35* Dec. 61 69 125* Sale 45* Sale 15* Sale 10 Sale {Postal Teleg Be Cable preflOO {Pressed Steel Car com Newl 9 Dec. Sale • • Jan. Dec. 7 Dec. 23 Sale 15* Sale 12J* Sale Class B 7 20 10 Dec. 30 74 Sale (The)..........* 5 Creek Pocahontas Co.* Porto Rlcan Am Tob cl A...* Oct. 8 2 Sale Poor Ac Co class B 13 Dec. Sale Sale Plymouth OH... Dec. 31 4 14 Nov. 10 July 7 Sale Sale 3 3 Dec. 152 23 Dec. Sale Sale 3 Dec. 153 Dec. 24 12 83 Dec. July 20 585* July 27 475* Dec. 10 1 3 98 6 9 Nov. 25 41 4 185* Dec. Dec. Dec. Dec. Dec. Dec. 85* Dec. 2 7 10 Dec. 31 Dec. 16 1 1 Dec. 19 325* 35* 43 5* 255* 55* 17 9 12 July 22 Apr. 14 Dec. 8 15 325* 295* 395* Dec. 143 24 Dec. 19 Dec. 23 Dec. 10 Dec. Dec, Dec. 1 Dec. 2 Dec. 2 Dec. 2 78 Dec. 1 15 Dec. 4 875*|Dec. 1 525* Dec. 30 115*iDec. 1 78 Dec. 3 185* Dec. 31 35* Dec. 31 305* Dec. 7 80 Dec. 31 18 595* Dec. 16 255* Mar. 20 25* Dec. 565* Dec. Sale Sale Virginia.. 100 Sale Dec. 0 Nov. 30 Dec. 8 Dec. 21 73 108 9 45* Mar. 32 Dec. 30 Dec. Sale Sale Jan. 1 Sale 35* 21 West Dec. Sale 83 July 27 June 59 2 1155* Feb. 195* Nov. 2 27 395* Nov. June 2 136 2 205* Mar. 7 1205* Nov. 29 835* Dec. 3 Sale 251 851 251 6851 1251 605* Sale For footnotee mo page 40* Sale 53 Sale Plttston Co 5% 5% Sale Sale Sale PIttsb & 25 Sale Sale Sale Pittsburgh United 25 Pref conv...—.........100 Pond 265* 155* 165* 1351 Sale 175* Sale 265* ; Sale 45 465* 395* Sale [—5 395* Jan. 3 Dec. 37 .100 ;#„*! Dec. Dec. <21 Dec. 12 Dec. 31 445* Dec. 11 Sale 6 3 35 .100 Preferred.............. .100 Dec. Sale Sale Sale Sale Sale Sale Sale Sale Sale 57 77 Jan. ; 13 105* Dec. 1 245* Dec. 19 Sale 13 5* Jan. 128 1525* Dec. 29 1605* Dec. Dec. 195* Dec. 22 22 Sale 14 3' 1 6 145* Dec. 31 7 1065* July 21 Jan. 7 70:;; July 22 114 Jan. 2 164 V July 8 22 Sale hi* Oct. 47 Sale 30 Sale 6 Aug. 28 245* Apr. Sale Sale Jan. Oct. July Pere Petroleum Corp 19 123 20 Sale Sept. 10 Aug. 12 125* July Peoria 4c Eastern... Pet Milk 2 1 8 Sale 37 Feb. Jan. Apr. 125* Aug. 25 245* Jan, 6 17 July 7 225* Sale 365* Sale 385* Sale 149 Nov. 10 70 79 Sale 49 Mar. 13 27 21 Sale 105* Sale Sale 15 99 Mar. 17 104 Apr. 23 109 118 16,500 Prior 8 Sale 49,600 37.700 49,500 25,000 387,100 360,300 970,900 Dec. 4 Sale Sale 25 5 98 114 Sale Feb. 7 50 107 205* Sale 13 5 29 30 30 5 5 22 Nov. 4 Mar. 25 103 235* July 7 365* Feb. 20 Mar. 24 Aug. 18 57 4 Dec. 31J* Dec. 35* Dec. 29 275* Dec. 16 14 Dec. 22 24 Feb. 24 18 2 15* Aug. 27 Jan. 2 310 May 12 115 Apr. 30 355* 285* Dec. 31 54 Dec. 4 2 103 Dec. 17 24 28 9 7 210 Sale 1,600 ........ 935* Sale 2,700 1,800 3.800 600 Marquette 83 Sale Sale Dec. 7 Sale Sale Dec. Dec. 30 105 Dec. 1 235* Dec. 11 525* 145* Dec. 31 65* 1 Dec. 24 975* 7 103 255* Dec. 19 52 145* Sale 465* 285* Sale Penlck 4c Ford......—..—* Penn-Dlxie Sale 25* Sale Co—..2.50 Transport Co.....* Pathe Film Corp......... Patlno Mines Be Ent Cons 555* Sale 5 Apr. 75* Apr. 4 July 25* Jan. 95* Apr. 57 May Dec. 31 ~ 6 2 Jan. Jan. Dec. 1 261 111 104 Sale 7 Parke. Davis 4c Co-.......—* Parker Rust Proof 103 Dec. 6] 1145* * 1st Sale "63~" 95* Sale 45* 5 Packard Motor Car.._......* 8% preferred... Sale Sale 35* Sale Pacific Western Oil....... Parafflne Co 114 Sale Sale 1165* 1285* Sale 15 Sale 100 25 ...—....10 First preferred.......... 2d preferred.............* Pacific Finance Corp (Cal)_10 Prod Sale 269 111 1 119 1 3 815* Pacific Coast Panhand 15* 286 J* Sale Sale 50 Pacific Amer Fisheries Sale Sale 8 Outlet Co Owens-Ill Glaae Co Sale Sale Sale 21 preferred-.. ..... *00 $5.50 conv 1st pref.. * ...... Sale Dec. 54 107 Prior Preferred Sale Sale 26 Elevator............ 6% preferred.....—... Sale 100 14 .60 74,600 People's Drug Stores Inc ...* Preferred.......——.100 1,150 263 500 People's Gas L Be Coke...100 18,000 22 2 5* 255* Rubber. Otis Steel 1,643,100 130 Dec. Sale 52 ..60 Preferred............. 193.400 6,557,700 21,500 198,000 17,160 83,100 2,400 3,415,400 384,150 1,001,800 88,100 920,400 65,800 196,200 519,800 936,600 509.700 269,000 59,500 313,200 137.200 644,100 93,800 58,600 35,000 231,500 8,800 18,900 4 11 Sale Dec. 495* Oct. 535* Oct. 95 Sept. 155* Nov. 295* Nov. 150 Oct. 25* Feb. 65* Dec. 35* July 7 105* May 16 1 9 1055* 1065* 27 Sale 535* 535* 75* Sale 98 Sale 94 5* 97 24 5* Sale 51,200 4ft 486,300 Pacific tiai ac Elec * 210,500 Pacific Lighting Corp —* 190,200 Pacific Mills 9,759 Pacific Teleph 4c Telegr..l00 Preferred—.—.......100 -2.790 80,700 Dec. Dec. Sale 210 .100 American.. 50 6% prefer red ..... North American Aviation ...1 24,360 11 300 27 Sale Sale 15* .100 North 43.240 34,200 24.500 18 Dec. 29 136 Dec. Dec. 3 25* Dec. 895* Sale 100 5i 1st preferred...... Norfolk Be Western 53,600 4,560 10,320 13 Dec. Sale 69 5* 125* Shipbuilding .100 1% preferred..... New York Steam pref 4% ...• N Y 148.300 312.200 61,600 Dec. 21 Sale 130 Sale Sale Sale Sale 85* Sale 55* Sale 25* 25* N Y Ontario Be Western. .100 200 "8,656 Sale Sale 134 Sale Sale <120 1 Sale 45* Sale ....... {N Y Investors Inc...... 1,248,372 47,810 1,800 3,970 4,000 1,800 190 2 2 Dec. 15 3.270 146,872 2 175* Jan. 365* Jan. 45 118 Otis 275* Jan. 455* Dec. 10 Dec. 22 Apr. 14 Dec. 14 40 83 8 Dec. 22 90 499,300 325* Jan. Sale ....... 6,300 29,400 2 14 14 Sale — 1,816,300 Ohio OH Co (The) 339,700 Oliver Form Equip new.... 830,41" Omnibus Corp etc (The) .* Preferred A. ....100 5.800 147,800 Oppenhelm Collins 4c Co. 46,100 69,000 83 Sale Louis. preferred Norwalk Tire 4c 735* Dec. Dec. Dec. 40 43 105* Feb. 4 9 Apr. 30 225* Dec. 15 Dec. Sale 34.900 {Norfolk Southern...... J00 469,600 40 275* Sale New York Be Harlem—... Northwestern Dec. 24 1 14 19 Sale Sale 28 Sale A..... 10# series Preferred Highest Sale Prices 100 New York Dock—........ 100 .100 5% 41,000 4,725 2,450,465 64,100 2,432,400 31.000 740 2,066,300 5,750 172,000 1.900 Lowest Sale Prices Sale Air Brake..... N. Y. Chicago Be St 7% Highest Sale Prices Sale 105* New York Central...—.. Preferred Lowest Ask Sale {Now OrlTox Be Mexico ...A— Newport Industries Inc....A New York Ask Ask Sale Prices Dec. 31 Dec. 1 11936 Par 1,480 1.599,700 113,401 4,245,600 206,200 248,250 i v 44,640 83,450 2,390 448,400 417,100 438,300 100,600 118,300 375,100 8,470 10,330 7,350 YEAR 1936 1 RANGE FOR PRICES IN DECEMBER i STOCKS 37 EXCHANGE—STOCKS Sale *25* Dec. flO Dec. 235*|Dec. 235* Dec. [64 Dec. Sale Sale 525* Dec. Sale 1185* L155* Dec. 29 1 2 i|| Dec. 15 3 Dec. 285* Dec. 23 285* Dec. 31 56 Dec. 31 38 N. Y. STOCK AGGREGATE SALES In December Shares ; ; N. T. STOCK EXCHANGE ; 500 8% 6,200 ; Dec. 1 preferred 190 Ask Sale Sale ..... 300 11654 1175* 131 Sale 147 150 Bid Lowest Highest Sale Prices Sale Prices Dec. 31 Ask Bid Ask 6,400 $5 preferred 913,400 Pullman Company.. 5054 Sale 475* Sale 1065* 1075* Sale 1215* 122 1195* 12154 135 138 136 1375* 15054 155 15454 Sale 105 465* Dec. 22 106 I 5054 Dec. Dec. 5 107 5* Dec. 31 Dec. 23 12254 Dec. 10 Dec. 22 13654 Dec. 22 Dec. 17 15454 Dec. 31 118 136 152 8,119,700 Kadlo Corp of Amer • Preferred B 386,100 83.50 conv 1st pref 255,300 ....* 1,364,400 tRadio-Keith-Orph Corp...* 173,750 Raybestoa-Manbattan. 96,800 18,200 16,400 94,900 6,780 68,100 19,500 117,000 1,094,600 9,500 700 800 500 7,400 1,520 21,800 900 12,300 54,900 3,500 100 72,000 & Co.......... IP (Robt) 1st preferred '5 Sale Sale ......... 100 Rem'ton-Hand 1,520 527,700 Renns At Saratoga RR Co. 100 Reo Motor - Car. '» Li ......-.5 ^60 1,460 680 100 Preferred • 33,300 .....* Safeway Stores..... Preferred (5).........—100 ' 1,460 Preferred (6) 6,840 199 Preferred (7) 8,130 199 152,850 Savage Arms Corp..........* 430 75,600 1,044,100 Schenley Distillers Corp 5 67,800 554 % preferred.........100 5,300 31,100 442,900 98,900 5,600 5,420 18,540 218,100 95,400 74,800 4,500 103,200 338,900 10,300 2,180 33,300 18,400 48,200 5,000 94,100 3,300 30 Sale 37 Sale 3954 41 3654 37 954 Sale 71 Sale 25* 254 15 1754 Schulte Retail Stores 1 100 * 8% preferred..... Scott Paper 932,200 tSeaboard Air Line........* Preferred 100 231,000 538,100 Seaboard Oil Co of Del.....* Seagrave Corp (The).......* * 1,148,loo Sears. Roebuck 8c Co Rights 334?ffi Second Nat Investors.. "III 16154 1,084,500 85 conv preferred......^..! Servel Inc.-.. 424,000 Shattuck (G F)........... 521,400 Sharon Steel Corp........ $5 conv preferred......... 12,500 721,800 Sharp & Dohme _.* Conv pref series A 37,800 .* 470 9,130 „ 56,900 24,100 82,300 47,200 1,058,400 Sheaffer (W A) Pen Co ♦ Shell Union Oil * Convertible preferred..100 128,940 553,000 Silver King Coalition...... 1,250,200 9,000 Simmons Co.............. 19 236,000 Simms Petroleum 25 376,800 Skelly Oil Co Preferred 100 42,120 14,480 Sloss-Sheffleld Steel Ac Ir.109 Preferred......199 19,370 159,800 Smith (A O) Corp.........10 ._..._..* 178,000 Snider Packing 50,400 7,200 Sale 7 54 Sale Sale Sale 50 654 45* 954 5 4 854 Sale 3 430 750 - 25,800 4,309,000 Socony Vacuum Oil Co Inc.15 Sale 17 9954 Sale a;1754 Dec. 10 Sale 175* Dec. 22 105* Dec. 29 1154 Sale 100—i. 75 Dec.""2 785* Sale 8 54 Sale 7 54 Dec. 21 34 Dec. 21 3754 Sale Dec. 29 4154 4354 40 48 4954 475* Dec. 29 9 4254 46 4454 Dec. 1154 Dec. 23 125* Sale 97 5 1954 80 Sale 3 2 Dec. Dec. 1 1 Sale 5 285* Sale Sale 90 Sale 98 Sale 1554 Sale 385* 395* Sale 7954 Sale 12654 132 Sale Sale 92 32"" Sale" 2754 Sale 113 Sale 31 Sale 56 Sale 67 Sale 100 Sale 1454 23 3354 Sale Sale "56"" Sale' Sale Sale Sale Sale Sale 7454 57 42 Sale Sale 4 Sale 43 H 34 Sale 1554 11054 1154 2054 Sale Sale Sale Sale Sale Dec. 7 14 * Dec. 1 113 84,800 19,500 39,700 154,400 205,100 105,100 1,100 7,300 1,030 2,496,300 1,482,600 9 * Dec. 31 Jan. Sale 40 4754 Sale 2 354 Sale 65* Sale ,45* 135* Sale 1054 2854 Sale 2454 42 54 Sale 41 96 9854 Sale 110 11154 109 1115* Sale 111 Sale 2 17 68 85 Sale 2 Sale 854 Sale 43 Sale Sale Sale Sale Sale Sale 865* 8954 Sale Sale 285* Sale Sale 1654 Sale Sale 31 3054 Sale 1025* Sale 103 Sale Sale 954 105* Sale 5854 Sale 6254 Sale 4154 Sale 4154 Sale Sale 2854 Sale Sale 10254 Sale Sale 14 Sale 6 Dec. Dec* 19 2 Dec. Dec. 8 Dec. 29 Dec. 18 Dec. 15 Dec. 18 29 Dec. 28 Dec. 28 Dec. 28 Dec. 21 Dec. 17 93 Sale 1754 Sale 2 Dec. 10 Dec. 7 1454 Dec. 42 Sale Sale Sale Sale Sale Sale 84 111 Sale Sale 5154 Sale 2954 Sale 1654 Sale Sale 53 53.54 95* Sale 57 Sale Sale Sale 7654 73 1145* 104 9 Sale 24 Sale 146,500 Spear Ac Co .1 750 $5.50 pref.. » 45,300 Spencer Kellogg Ac Sons... 75* ... 2,337,500 S perry Corp (The) v t c 1 187,220 Splcer Mfg Co... Convertible preferred A--* 16,830 . 266,800 Spiegel-May-Stern Co 6 H % preferred 6,210 100,000 „ 2,694,700 410 4,930 279,700 915,800 1,084,400 „ 132,700 585,400 93,900 „ 1,356,400 1,129,500 19,900 „ 2,704,700 > „ * 100 Standard Brands... Sale 1754 1354 £44 54 6954 Sale 100 10454 155* Preferred ....* Stand Com'l Tobacco. 1 {Standard Gas At Elec 84 preferred ... • Sale Sale Sale 124 Sale 126 1054 Sale 65* Sale 10 ... Preferred (4%)......... • Preferred (7%) ....» Standard Investing Corp * Stand OH of Calif Dec. 2 Dec. 22 , Sale 2854 Sale 254 102 Dec. 23 Sale Sale 3354 25 30 30 655* Sale 375* Sale page Sale Sale 25 , see Sale 82 Dec. 11854 Dec. 53 954 7354 104 754 2154 85 6554 Sale 1854 Sale 73 Sale 19 Sale 15 9H Sale 25 Sale Sale 135 Sale 72 Sale Sale Sale 76 123 47 4 Sale 125 Sale Sale M 565* 25* Sale 685* 3454 7254 175* 2954 135* 7454 124 38 425* 325* 29 Sale 645* Sale 34 Sale 70 Sale Sale Sale 75 125 Sale 55 4 H Sale 2 3 Dec. 285* Dec. 17 3954 Dec. 19 Dec. 19 Sale 31 23* 150 24 13 70 123 47 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 15 3054 Dec. 23 305* Dec. 10 m 1 Dec. 155* Dec. Sale Sale 1 Dec. 31 1 Dec. 5 4754 Dec. 31 Dec. 17 Dec. 1 1085* Dec. 425* Dec. 2354 Dec. Sale 58 68 19 Preferred ......199 118 170,200 Superheater Co (The)......* *2854 1,542,800 Superior Oil \ 354 Sale For footnotes 2654 Sale 1 Dec. 11 9754 Dec. 3054 Sale Dec. 29 465* Dec. Sale Sale Dec. 29 Dec. 1 —A Dec. 29 Dec. 10 1005* Dec. 21 104* Dec. 17 5 95* Dec. Dec. 11 1 5854 Dec. Dec. 31 4054 Dec. 29 4354 Dec. 10 2 * 255* Dec. 285* Dec. 31 Sale 595* 254 3854 435* Standard 011 of N J ...» 95 49 Standard OH of Kansas ..... 90 3554 2154 Sale Sun Oil Sale 30 Sale 32 Sale M Sale 40 H * Sale . Sale 25 295* 5254 Sale 5654 7454 31 1 4 Dec. 1 4 Dec. 1 4 Dec. 1 I Dec. 1 4 Dec. 1 ( Dec. 14 3054 Dec. 185* Dec. Dec. 29 32K 205* 2854 51 52 5154 Sale 6054 Sale 1075* Sale 112 103 107 5* 10954 1065* 10854 108 405* Sale 425* Sale 3954 Sale 16 15 1554 Sale 1255* 12754 12754 12154 Sale 11 Sale 105* Sale Sale 9 65* 111 Sale 26 8054 93 3354 Sale Standard OH Co of Ind 48,200 Starrett Co (The L S) • 142,100 Sterling Products Inc.. ..19 Stewart Warner Corp 5 592,100 55,700 6,630 34 Square D Co............... 1,954,600 Stone At Webster 3,052,800 {Studebaker Corp.. 5,400 360 Sale 51 110 26,300 151,300 166,000 18,000 64,000 10,300 171,600 105,200 2,000 201,700 2,800 9,100 44,600 21,200 183,100 25 Sale Sale 200 216,600 111,300 Sale 49 Sale 18,800 6,900 203,000 22K Spang Chalfant At Co prefl99 5,980 Sale m 151 xli* 1595* Sale Sale mSale MSale 1,075,500 Sparks Wlthington.........* 10 850 Sale Sale 23 29 30 31 9 Dec. 31 Dec. 3 1 9954 Dec. 1% Dec. 23 Dec. 5 7 92 Dec. 18 ~ Dec. 11254 112 454 Sale 454 Dec. 34 _ . 3,900 149,500 5,000 4 54 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 30 112 Sale ....100 Preferred. .100 1,293,300 Mobile Ac Ohio certifs__199 12,100 81,200 Spalding (A G) 8c Bros * 1st preferred 12,080 199 240 95,200 3,700 Southern Railway 1125* Sale Dec. 30 4 4 4 * * 4 4 5 Dec. 2 Dec. Dec. 14 Dec. 30 Dec. 30 £ Dec. n. 2 454 335* 654 8254 Sale Sale Sale 475* Sale 9954 10054 1 254 Dec. 30 45 54 3 54 Sale Sale Sale * Dec. 154 Dec, 10 154 45* 6554 Sale 6654 Sale 2654 Sale 145* Sale 100 1 10 f Southern Pacific Co Nov. 23 Feb. 5 Jan. 13 Feb. 75* Sale .... 170 Oct. Dec. J Mar. 10 Dec. 31 Dec. 30 83 54 Sale Sale 9,900 preferred 100 11054 11154 928,300 South Amer Gold Ac Plat..l00 84,500 So Porto Rico Sug • Sale 2,810 8% preferred ..100 153 469,100 80S California Edison....25 Sale Apr. ! May ! Apr. ' July Apr. J Sept.: Apr. Dec. Solvay Am Inv Corp— 500 Dec. 1 31 31 Jan. Sale 1165* Sale 62 Dec. 30 255* Dec. 29 92 June 15 17 Nov.' Sale Sale 6 20 * Dec. 31 4 Dec. 31 i Dec. Dec. Oct. Dec. Dec. 1 15 Sale Sale ""6" 3 5 17 435* Sale 945* Sale Sale A54 Dec. Dec. •'"VV'v. ; Mar. 25 July Apr. J May May Apr. ! Dec. Sale Sale 675* Sale Sale Sale 9 2 17 4 Dec. Sale Sale Sale" Dec. Dec. Dec. 4 8 Sale 354 5654 165* 1154 2254 ' 23 245* Sale 154 Sale 254 Sale Sale 4 Dec. 4 4 Dec. 15 10 rll 1154 115* 1954 Sale 315* 335* 54 254 365* 354 6554 11% 1 4 Dec. 28 65 52 1 Dec. 28 Dec. 14 Dec. 16 Sale 354 5 Dec, 24 54 Dec. 112 Nov. 18 I Nov. 7 Apr. 15 * Dec..; 1 60 1254 515* 16 Dec. 31 Sale" LI 54 Dec. 295* Dec. 23 5554 Dec. 29 6554 Dec. 28 555* 8 107 * Dec. 1 4 Dec. 11 245* 23M Dec. 24 4 Dec. 755* Sale 115 4 12154 xl05 Dec. 11354 1*55* 95 8 Dec. 23 3 Dec. 3 Nov. 30 Jan. 30 Dec. 9 ! Dec. 9 Dec. v; 2 1 Nov. 17 ' 1 Dec. : Oct. 9 108 112 9 Dec. 16 Dec. 23 27 17 June 18 July 16 i Nov. 17 i Nov. 14 3 215* Dec. 19 Apr. 17 Apr. 18 Oct. Jan. 1 7 Dec. 1 [ Nov. 16 9 5 Sale [ 85* Dec. 3 * Dec. 31 Dec. 81 117 Apr. "79 %"Dec." 15 Dec. 15 14 14 14 Dec. 30' i Mar. 20 5 De;. Nov. 3(5 July July July July 1 11 4 Dec. 25 18 Sale Prices 5054 10354 Feb. 21 113 11354 Apr. 3 130 128 Apr. 4 14454 146 Apr. 14 164 15 * Dec. 82 100 Sale Prices 39 Apr. 29 4 30 31 31 8 Dec. 29 Sale Sale 1854 125* Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 254 Dec. 28 80 554 Sale 254 Sale 254 Sale Sale 36 L13 Dec. 1854 185* 354 24 2654 195* Sale 225* Sale ; ........ 47 Sale 1954 Sale 86 ....... 15,330 Sale 99 5 " Sale 25 Pref with warrants 2 7 "554 Sale" 20 ........... .... 1,400 3,500 7,700 5,800 10,300 47,500 45,600 90,000 2,430 1254 8554 Reliable Stores Corp......-* .......... 300 50,400 350,600 Rels ... 6,300 39,500 „ preferred..........50 50 Second preferred.... Real Silk Hosiery.......... 5 Preferred ........100 1,834,200 100 1 First 3,610,100 Republic Steel Corp Convertible preferred ..190 117,550 71,600 6% conv prior pref ser A 100 196,200 Revere Copper & Brass.... 5 Class A ; 10 61,600 Preferred— 190 10,670 180 55*% preferred ....100 207,800 Reynolds Metals Co.... .* 7,900 554% conv. pref.. 100 93,500 Reynolds Spring Co New 1 575,600 Reynolds(RJ)Tob cl B.....19 Class A 19 3,560 7,300 Rhine Westphalia El At Pr... 51,980 Ritter Dental Mfg * 46,400 Roan Antelope Cop Mines 28,000 Ruberold Co (The) capstk..* 37,800 Rutland RR. pref........100 598,500 St Joseph Lead .-10 244,600 ISt Louis-San Francisco. 100 Preferred ...100 387,140 9,960 t$t Louis Southwest ...100 16,300 ■ Reading Company........50 , 614,500 11,500 6,100 40,500 4,100 2,020 „ Sale Sale Sale ...... 28,200 Quaker State Oil Rig Corp. 10 4,800 . 854 Sale 954 Sale 854 1851 Sale Sale Sale 16",loo • 2 1135* 11354 11254 Dec, 60 Dec. -1 Sale 6954 2 1754 Dec. Sale 2154 Sale 10654 Dec. 22 11154 37 • 3,012,700 Pure Oil 17 31,780 8% convpref...........199 116 54,870 6% preferred............ 103 764,400 Purity Bakerlee 15 132,000 13,100 , 2J4 1135* 11254 1 Sale 6854 8 Sale 2054 0 Sale 11154 1105* 112 J* ......... 1936 Highest Lowest Public Service El Ac Gee— 900 88,600 321,600 1,170 3,800 37,800 3,200 579,100 YEAR Jan. 2 1936 "... •-!, Par 515,376 Pub Ser Corp of N J common * 46,800 $5 preferred • 34,500 6% preferred..........100 14,300 7%.. 190 39,500 3,500 1,700 RANGE FOR Price 1936 Shares PRICES IN DECEMBER STOCKS 12 Months EXCHANGE-STOCKS 1754 Dec. 31 Dec. Dec. 1 14 Dec. 31 Dec. I Dec. 17 5 1 Dec. 31 Dec. 15 Dec. 17 Dec. 14 Dec. 10 Dec. 10 24 Dec. 30 29 Dec, 31 Dec. 1 Dec. 24 Dec. 31 Dec. 4 7 7 23 24 22 22 29 1 30 Dec. Dec. ,3 24 I Dec. 4 4 Dec. 1 2 10 Dec. 31 23 16 29 3 Dec. 14 Dec. 14 8 7 7 2 2 2 4 3 23 19 29 7 21 18 16 Dec. 1 AH Dec. 1 Dec. 1 Dec. 10 Dec. 18 Dec. 14 Dec. 14 Dec. 14 Dec. 31 Dec. 30 Dec. 15 Dec. 30 Dec. 1 Dec. 1 Dec. 14 Dec. 30 Dec. 15 Dec. 2 Dec. 8 Dec. 17 Dec. 11 Apr. Nov. 18 Nov. 17 ' July Feb. 10 Dec. 29 Jan. Mar. June 4 Dec. 31 Jan. Oct. Jan. Jan. ' Dec. 13 Oct. 24 Nov. 18 Dec. 29 Nov. 9 ' July : Aug. Sept.! July ] Mar. 11 Nov. 18 Nov. 18 Dec. 5 Mar. June 7 7 May 1 Feb. June Feb. 7 Dec. 29 Jan. Jan. 2 Apr. 23 Aug. 22 July 24 Jan. 21 Dec. 30 May 21 May 13 Jan. 7 Jan. Jan. July Jan. Jan. Apr. Apr. 30 Dec. Dec. Dec. Nov. Nov. Dec. Dec. Dec. 30 30 31 18 12 23 7 18 3154 Nov. 16 195* Nov. 17 Dec. 10 Dec. 17 Dec. 11 Dec. 31 Nov. 12 Dec. 31 Dec. 23 Nov. July 7 2 Jan. Oct. 9 25 19 July 10 Jan. 15 Jan. 3 Jan. Dec. 24 Sept 29 Jan. 2 June 30 Sept. 1 May 20 Dec. 31 Apr. 11 Nov. 27 Dec. 1 Jan. 31 Dec. 23 Nov. 6 July 1 Feb. 29 Aug. 28 Mar. 26 July 28 Oct. 13 Dec. 15 Dec. 17 Oct. 7 Nov. 17 Oct. 15 Nov. 24 Mar. 6 Oct. 5 i Oct. 24 Jan. 25 Aug. 4 Nov. 19 Mar 20 Dec. 4 Nov. 12 Nov. 10 Nov. 4 Feb. 24 Mar. 17 Feb. 17 Dec. 18 Dec. 14 Dec. Jan. Dec. Dec. Dec. Dec. Oct. Nov. Apr. Dec. 14 17 8 30 15 30 0 9 16 30 Nov. 5 Mar. 12 Nov. 25 Dec. 17 Mar. 12 40* J Jan., In December Shares r Lowest Shares •>; • '.v.-/-;; Sale Prices Por 92,500 Symington-Gould Corp with stock purchase warrants. 1 177,700 43,200 111,500 76,500 4,700 99,100 7,700 57,000 2,770 505,600 125,200 29,100 28,400 347,100 836,500 58,300 200 4,000 470 114,700 3,600 5,000 3,600 11,200 89 700 78.200 163,100 64,800 60.200 1,300 12,800 12.500 43,100 9.300 25,700 3,400 15,500 23,400 29,700 58,500 42,800 21,400 5,200 11,000 255.200 171,000 3,300 7.000 100 5,700 2,500 390,100 27,800 44,900 5,700 The Fair Co 7% 39 11 Thompson (J R)—..—...25 Thompson -Starrett —* 221,500 Ulen Ac Co • 207,400 Underwood Elliott Fisher..' 249,100 Union Beg Ac Paper........* • 852,200 Union Carbide Ac Car 531,400 Union Oil, California.. 25 189,700 Union Pacific 100 59,300 Preferred ......100 104,400 Union Tank Car 2,385,000 United Aircraft Corp 5 1,224,100 United Air Lines Trans Cor pi 36,000 United American Bosch Corp* 158,500 United Biscuit of Am......* 1,430 Preferred 100 137,300 United Carbon ...——* 44.900 United-Carr Fastener Corp.* 5,046,600 United Corp. 429,400 Preferred. . 940.300 United Drug Inc....... 5 208.000 United Dyewood— .—.It 4,130 Preferred ..............100 370,600 United Electric Coal-......* 12.300 11,000 166,400 U S Ac Foreign Secur Corp..• 1,864,600 14,700 35,500 51,920 800 Preferred... * U S Distrib Corp Preferred.......—.....100 153,000 U S Freight 155.400 U S Gypsum Co 11,800 — — * ..20 4,820 7% preferred— —100 293,600 U S Hoffman Mach 5 18,200 55*% conv pref—.......50 884.500 U S Indus Alchol...........* 152,000 US Leathery t c * 350,400 Class A v t c * 450 12,300 31.400 770,500 1,026,200 2,713,600 932,900 Prior preferred v U 8 Pipe to....100 Ac Foundry U S Realty Ac Impt U S Rubber 20 * —.....* 8% 1st preferred ..100 418.400 U S Smelt Ref Ac Mg ..50 22,410 Preferred...............50 6,178,800 United States Steel ...,100 238,500 7% preferred..........100 10,700 U S Tobacco.......... * 1,510 Preferred 100 270 63* 3134 Preferred... ... 3,300 4,160 1,600 25 ...* — 1,800 103* 5J4 1 10C Third Nat'l Investors...... 1 Thompson Products 19 104% 22 7034 72% Sale 1634 17 Sale 1734 19% Sale 134 2% Sale 1534 15 " 15% 21% Sale 83* 9% Sale 9% Sale 108% Sale 108 109% 105 834 9 Sale 8% Sale 113* 115* Sale 24 Sale 3434 37 % Sale 35% Sale 4234 47 Sale 44 Sale 1334 155* Sale 14 Sale 84 98% Sale 80% Sale 72% Sale 17% Sale Sale 18% , 25 130 98 275* 265* 175* 99% 25* 22 345* 1235* 168 185* 58 395* 6 13 % 96 565* 15% 465* 985* 92 715* 76 1465* 1385* 162 7% 117,000 49,600 476,500 Vadsco Sales Corp..........* 910 7,940 Preferred... 100 842,100 Vanadium Corp of America.* 5 191,200 Van Raalte Co 4,190 7% 1st preferred 100 150 470 - . 201,800 12,200 270 55,150 5,000 : >•. Vlck Chemical Co..........5 90 Vicks Shr Ac Pac Ry Co 100 50 5% non-cum pref—..100 629,000 Va-Caro Chem 418,500 6% preferred * .......100 9,830 Virginia Else At Power (% pf* 17,870 Virginia Iron, Coal Ac CokeltO 2,920 5% preferred...........100 11,840 Virginia Ry Co pref..—100 4,680 Vulcan Detlnning 100 320 7% preferred..........100 ■:.W. IOC Preferred A^^.M<,.i..l00 Preferred B.. ..........100 220,600 2,690 187,400 Waldorf System............* 119,300 Walgreen Co ...... • 2,980 65*% preferred.........100 2,305,900 1 Walworth Co ....* 399,500 Walker(H) Gooder At W Ltd.* Preferred................* 31,000 96,900 Ward Baking class A.......* Class B _• 307,800 37.200 7% preferred..........100 For footnotes see page 40, 59 1035* Sale 255* Sale 127 Sale 975* 98 265* Sale 285* Sale 22 Sale Sale Sale Sale Sale 100 33 Dec. 4 20% Dec. 17 15% Dec. 17 8% 13 55% 8% 41 % 1434 Dec> 12 Dec. 30 Dec. 31 Dec. 7 Dec. 1 Dec. 30 1234 Dec. 31 Sale ' 4334 Dec. 1 63 Dec. 11 14 Dec. 2 Dec. 29 100 Dec. 1 Dec. 22 1234 Dec. 8 Dec. 29 734 Dec. 10 Dec. 1 41M Dec. .2 Dec. 29 12% Dec. 16 Dec. 29 30 Dec. 9 Dec. 19 7% Dec. 11 Dec. 21 37 34 Dec. 1 Dec. 19 213* Dec. 30 Dec. 2 10534 Dec. 24 Dec. 21 27 % Dec. 8 Dec. 2 74 Dec. 15 Dec. 21 1734 Dec. 15 Dec. 22 2034 Dec. 31 Dec. 16 234 Dec. 31 Dec. 3 2234 Dec. 17 Dec. 29 10 Dec. 1 Dec. 12 10834 Dec. 1 Dec. 29 93* Dec. 1 Dec. 3 28 Dec. 10 Dec. 21 373* Dec. 1 Dec. 29 47 Dec, 1 Dec. 30 1734 Dec. 4 Dec. 28109 Dec. 7 Dec. 7 43* Dec. 855* 159 105 35* 9 10234 Dec. 21 1 70 Dec. 11 Dec. 21 10434 Dec. 10 2634 Dec. Dec. Dec. 273* Dec. 293* Dec. Dec. 22 133 9734 Dec. 17 2534 Dec. 29 2534 Dec. 1 99 ..... 1225* 130 3 Sale 8 Sale 115 7 175* Sale Sale 115* Sale 475* Sale 195* 195* 445* 49 65* Sale 105 Sale 15* Dec. 29 2 1 Dec. 2 Dec. 14 Dec. 16 Dec. 1 Dec. 1 Dec. 18 Dec. 8 Dec. 1 Dec. 1 Dec. 31 Dec. 9 Dec. 16 , 15* Sale 1 15 Dec. lb ^ Sale 485* Sale 295* 435* Sale 405* 115 1155* 114 455* Sale r425* 84 84 92 ..... 85 65* Sale 7% 445* Sale 555* 1135* Sale 113 75* Sale 115* 33 Sale 33 127 129 129 82 Sale 75 55* 175* 385* Dec. Dec. - 25* Sale 11 10 Dec. 18 163* Dec. 29 1834 Dec. 185* Sale 97 Dec. 22 993* Dec. 95 98 23* Dec. 29 4 Dec. r25* Sale 18 Dec. 29 233* Dec. Sale 19 Sale 30 Dec. 29 3434 Dec. Sale 315* Sale 11834 Dec. 7 12334 Dec. Sale 1225* Sale 16434 Dec. 7 167 Dec. 166 167 1634 Dec. 29 1934 Dec. 19 175* Sale 5534 Dec. 19 59 Dec. Sale 54 565* 36 Dec. 29 413* Dec. Sale 385* Sale 53* Dec. 24 63* Dec. Sale 65* Sale 123* Dec. 29 15 Dec. Sale 135* Sale Dec. 28 10334 Dec. Sale 89 935* 90 553* Dec. 2 6334 Dec. Sale 63 Sale 1434 Dec. 7 193* Dec. Sale 175* Sale 4334 Dec. 2 4934 Dec. Sale 475* Sale 943s Dec. 2 993* Dec. Sale 945* Sale 843* Dec. 29 9234 Dec. Sale 845* Sale 7134 Dec. 1 74 Dec. Sale 73 75 7334 Dec. 2 7934 Dec. Sale 78 Sale Dec. Sale 141 Sale 13934 Dec. 11 147 132 Dec. 23 13834 Dec. Sale 122 132 1603* Dec. 14 167 Dec. Sale 162 169 634 Dec. 29 83* Dec. Sale 75* Sale Dec. 23 102 Dec. Sale 75 875* 88 83 Dec. 23 8834 Dec. 885* 795* ,83 Dec. 2 16434 Dec. 160 ■, 1605* 1645* 160 Dec. 23 105 Dec. Sale' 101 Sale 101 334 Dec. 2 434 Dec. Sale 35* Sale 515* 31 Dec. 31 Sale Sale 35* 24 1 Dec. Dec. 2334 Dec. 21 122 4 1 8 8 1 29 7 3 3 7 14 3 10 30 11 30 18 1 29 17 1 1 21 2 7 2 21 1 7 234 Dec. 11 Dec. 23 57 Dec. 11 3034 Dec. 31 4334 Dec. 1 Dec. 22 116 Dec. 22 Sale 47 Sale 2334 Dec. 2 39 Dec. 22 Sale 113 116 415* Dec. 17 Sale 885* Sale Sale Sale Sale 375* 130 Sale 1225* 135 : 78,900 t Wabash Dec, 30 Dec. 1 Dec. 1 Dec. 15 17 Dec. 9 22 Sale 2634 Dec. 29 3434 34 Sale 275* 285* 2934 Dec. 29 3134 315* Sale 295* Sale 114 Dec, 5115 1145* Sale 1145* 115 843* Dec. 29 8934 865* 885* 855* Sale 2934 Dec. 29 34 34 v 35 295* 31 63* Dec. 28 734 75* Sale 65* Sale 43 Dec. 29 4634 445* Sale 445* Sale 1334 Dec. 28 153* 155* Sale 145* Sale 173* Dec. 29 2334 235* Sale 185* Sale :rl003* Dec.10 102 101 103 995* 101 634 Dec. 1 83* 75* Sale 7 5* Sale Dec. 20 5034 505* Sale 47% 48% 46 8034 Dec. 19 8534 85% Sale 1 83 Sale 143s Dec. 29 153* 14% Sale 145* Sale 1105*1115*111 1115* 11038 Dec. 24 11134 1134 Dec. 3 1334 12 Sale 125* Sale 1005-s United Stores A 4 85 Sale 68 18 ——* 400 2,100 4% Sale 95 985* 4% Sale 87% Sale Sale 1032* Sale 59 13,200 Preferred...—....... ..* 48,600 Universal Leaf Tobacco * 3,270 Preferred .............100 15,410 Universal Plct 1st pref..—100 1,210.300 UtUities P Ac LrA"..—.1 979,900 100,900 3 425* 36 135* 255* Dec".""2 ~4§K~D®c~"l7 92 preferred........—100 Tbermold Co Third Avenue 74,300 United Eng Ac Foundry 5 301,500 United Fruit ...—......* United Gas Ac Impt Co * 20,900 Preferred ...........—* 146,300 United Paperboard Co..-100 2,100 71,100 30,100 49,200 7,900 56,800 268,100 162,400 26,800 33,700 1.300 422,200 13,800 900 Lowest Sale Prices 3634 Dec. 28 63 Dec. 11 1134 Dec. 23 ....* preferred....* * ——* 10 1,248,800 Tidewater As»oc Oil Preferred 4%.,. ——100 54.500 1,267,000 Tlmken-Detrolt Axle Co...10 441,200 Tlmken Roller Bear........* • 1,272,500 Transamerles Corp 488.100 Transc & West Air Inc.....5 163,100 Rights 187,300 Tran St Williams Steel Forg* 795,900 Tri-Contlnental Corp......* Preferred —.....* 35,300 * 178,300 Truax Traer Coal.. 55,000 Truscon Steel Co—.......10 606,400 20th Cent Fox Film Corp...* Preferred ..* 367,100 256,000 Twin City Rapid Transit—* Preferred ilOO 22,940 230 54,100 7,200 15,900 196,800 ] 9% Dec. "40 Texas Ac Pacific..........100 Convertible 2 2 7% Dec. 29 9% Dec. 21 Dec. 2 Dec. 1 Dec. 29 Dec. 1 loo Thatcher Mfg 1 43% 7% 375* 1234 ... 10",200 9,700 65,200 6,000 61,800 24,700 94,300 17% Dec. 13% Dec. Without warrants....—— oid , 325* Dec. 24 13 Dec. 16 235* Dec. 2 31 Dec. 29 83,800 Telautograph Corp.—....B 874,200 Tennessee Corp ---5 1,824,650 Texas Corp (The) 28 415,800 Texas Gulf Producing Co—* 646,500 Texas Gulf Sulphur * 1,321,400 Texas Pacific Coal Ac OH—10 ^ 1 838,500 Tex Pac Ld Trust ctfs 15 Dec. " 27 445,000 Superior Steel. 140700 Sutherland Paper Co.——10 33,100 Sweet* Co of Aner (The).-80 618.400 Swift Ac Co 25 * 166,100 Swift Internat Ltd... 201,400 171,100 294,500 47,400 98,700 Highest . 37,900 YEAR STOCKS N. T. STOCK EXCHAN QE 12 Months 1936 103,800 4,100 '1 2,700 49,700 17,200 7,200 RANGE FOR PRICES IN DECEMBER SALES AGGREGATE \ 39 1937]f'il||lfiliN^:T.;:STOCK EXCHANGE-STOCKS /■■ 35* Sale 95* Sale 75* Sale 165* Sale 385* Sale 1145* 118 115* Sale 475* Sale 195* 195* 42 45 7 Sale 94 100 46 Dec. 4 Highest 40 N. T. STOCK EXCHANGE-STOCKS SALES AQGREQATB 12 MotUhs 1936 PRICES IN DECEMBER STOCKS A 230 $3.89 cout S Warren Bros.. ..... ........ Sale 32 Sale Sale Sale 7 80 Sale Sale Ijoo 1*4 Sale Sale ... ...* » lioo .106 .100 .100 .100 .100 .100 .100 Preferred Western Union Teleg 100 784,800 Westlnghouse Air Brake ...* 985.500 Westlnghouse El 8c Mfg..50 7% 1st preferred.. __50 4,080 114,630 Weston El Instr^..........* 1,154,400 2,420 155,100 37,300 Class A * Westvaco Chlorine Prod 5% preferred 30 820 Wheel'g 8c Lake Erie Ry ColOO 380 5*4% conv pref ...100 164,600 Wheeling Steel Corp.. * Preferred..............100 22,600 12 11 81 46 % 80 *4 91 k 96 87 IISH Sale 84 Sale Sale 94*4 Dec. 22 105 Sale 89 Sale 18 2 2*4 2*4 5% Sale Sale 75 *4 Sale 35 *4 Sale Sale 97« Sale Sale Sale Sale 23 Sale 33" "34" 31*4 93 120 Sale Sale" 1 Dec. 8014 Dec. 98 % Dec. Dec. 94*4 Dec. 120 Sale 8% Sale 15% 18% 2% Sale 7% Sale Dec. 113*4 Dec. 8% Dec. 17 Dec. 2% Dec. 5% Dec. 50 Sale 70 113 39 Sale Sale 3,401,900 29,460 369,600 Yale & Towns Mfg Co.....25 Yel Trk 8c C'ch class B 1 7% Rights 5*4% .... * * 100 preferred 928,300 Zenith Radio Corp.........* 1 493,100 Zonlte Products Corp No par value, a Deferred delivery, -HT r Oash sales, 15% 5% 40% 4% 8% 77% 2% Dec .""I 52*4 Dec. 30 83 k Dec. 18 100*4 Dec. 3 107 98 Dec. 4 Dec. 15 122 % Dec. 7 116k Dec. 10 9% Dec. 2 19 Dec. 9 6*4 June 9 83 May 26 1 Aug. 21 33*4 June 30 78 Feb. 91*4 Jan. Jan. 2 87 Feb. 20 116*4 Jan. 6 lllk 6 Jan. 8% Apr. 27 15 Apr. 30 2% Dec. 14 1*4 NOT. 7% Dec. 11 5*4 Aug. 26 Sale Sale Sale Sale Sale 67 % Sale 78*4 78 34 U Sale 9% Sale 87 Sale Sale 123 77 75 48*4 Sale 20*4 Sale 152*4 Sale ~46*4 Sale" "49"" Sale 82*4 Sale Sale 46 106*4 110 131 7' x 120k Sale Sale Sale Sale 41 Sale 8 Ex-dlvidend. V 83 79 116 72 25 Jan. 3 July 29 6 Oct. 17 Nov. 18 Nov. 17 43 m Nov. 17 Mar. 30 Jan. 14 87 71 3654 86*4 80*4 140 % 79 40 Dec. 50*4 Dec. 19 33*4 23*4 Dec. 28 8*4 16*4 Dec. zl27*4Dec. 28 L63*4 Dec. 11 83*4 2% Dec. 7 5% Dec. 18 2*4 42k Dec. 29 49*4 Dec. 1 42*4 44% Sale" 78 Sale 41 k 76*4 Dec. 29 82M Dec. 14 1062* 110% 111*2 Dec. 121*4 Dec. 2 105 Ex-rights. Jan. 23 Dec. 31 Feb. 9 Nov. 12 39*i Dec. 26% Dec. 16% Dec. Sale . 34 % Sale 7% Sale 5 7 109 28 39% Dec. 104 74% 22 7 lil Nov. 17 Sale 129 13 Feb. 9*4 Feb. 4 §£** Sale Sale 120 50 2*4 Jan. 52*4 Dec. 30 83*4 Dec. 18 107 Sept. 9 110 Apr. 21 102 Sept.10 124*4 Sept. 18 116*4 Dec. 10 Feb. 21 12] 23] Sept.11 39 32 35% Sale 57 48 8 96*4 Nov. Dec. 17 Dec. 6 Dec. 38*4 Dec. 8 37*4 Dec. 28 39*4 Dec. 22 Ilk Feb. 6 85 June 23 z50*4 Dec. 30 153*4 Oct. 17 Oct. 10 160 Sale 63 7 96 Sale Sale Sale Sale Sale Sale 25 Dec. 10 2*4 Mar. 10 12k xl20 Sale 78*4 Sale 23*4 Sale 55 *4 ...... 166,830 Young Spring 8c Wire 1,149,200 Youngst'n Sh 8c Tube 13,700 .100 preferred....... Dec. 8 Dec. 28 Dec. 22 Dec. 11 18% Dec. 14 69 Oct. 90 120 Sale Sale 67,700 2 7 21 Apr. 30 19*4 Apr. 28 4% Jan. 15*1 Jan. 2 Sale 78K 8 2 Sale 100 .......10 Dec. 44 Sale 33% Sale Sale preferred 12% 38% 37 % 39% 9% 27% Dec. Sale cum % June 18 38 Sale $6 1 Sale Sale Woolworth (F W) 16 Sale Sale Wilson 8c Co.............. 9*4 Apr. 30 A„r. 29 Dec. Dec. 155 Sale 110,600 White Rock Mln Spgs ctfs..* 159,200 White Sewing Mach Convertible preferred....* 141,100 6 262,800 Wilcox OH 8c Gas Sale 18% Dec. 14 69 2 91 Dec. 1 x50% Dec. 30 149k Dec. 15 79% Sale 147% Sale 154 % 152 Sale 26% 38 37 Sale 23 % 123] Sale 321 37 % 42 104 Sale % Sale 120 % Sale 114 Sale Dec. „!* 95 Sale 1x3 X Sale 9 Sale 16 X Sale 30 % Dec. 9 Dec. 11 1% Sale 50 % Sale 80 82% 98% Sale 100 Sale Sale Dec. 21 103 *4 103% 105 24 % Sale Sale 100 235,100 Worthlngton P 8c M 7% preferred "A"_.....100 57,760 6% preferred B 82,600 100 39,220 Wright Aeronautical Corp..* ♦ 72,300 Wrlgley (Wm) Jr ■a; Sale Sale 1,395,500 71,600 1,204,300 • 2 Dec. Dec. 36 Sale 37% Sale White Motor..;:ai.^;--..80 1,545,400 1 Highest Sale Prices — 36 % ...* Lowest Sale Prices 16% Dec. Sale Sale Sale —i Highest Sale Prices 68% 1% Sale 10 % Sale 69 16 Klsenlohr Preferred 17 % 66 Sale Sale Ills Waukesha Motor Co Lowest Ask 1*4 Sale 4% Sale 24 *4 29 *4 Convertible preferred. ...♦ Warren Fdry & Pipe...., Webster Sale 9*4 Sale 50 preferred.. 21,910 296,000 Wesson Oil 8fc Snowdrift 25,900 $4 conv preferred...... 8,890 West Penn El Co "A".. 16,230 7% preferred.. Preferred (6)...... 12,310 8,320 West Penn Pow pref 7% 6% preferred ...... 5,130 367,130 Western Maryland...... Second preferred..... 53,700 74,700 Western Pacific 238,300 1930 Sale Prices Dec. 31 Ask Bid Ask Bid Bros Pictures... .—5 Warrior tWarner-Quinlan. Wells Fargo 8c Co :; Dec. 1 1936 Par 332,100 947.800 51,900 167,300 322,660 213,900 YEAR Jan. 2 Shares 3,840,000 21,100 RANGE FOR Price n.7. stock exchange 321* Dec. 29 7% Dec. 22 41*1 Dec. 8*1 1 Dec. 14 Apr. Jan. Jan. Dec. July Jan. Jan. 11*4 Jan. 5*4 July X Companies reported in receivership. Jan. 15 Nov. 18 51 23*4 163*4 5% Nor; 17 Dec. 28 17 17 23 Sept. 10 Feb. 10 Dec. Dec. Oct. Dec. Dec. Apr. 87% Oct. 122 Aug. 55 11 18 6 10 k7 42*4 Nor. 17 9*4 Jan. 4 MONTHLY AND YEARLY RECORD AGGREGATE . _ In SALES {December •• Shares RANGE FOR NEW YORK CURB EXCHANGE 12 Months 1936 Lowest Shares STOCKS Par Acme Wire Co Adams Mllllt t t c 20 7% 1st pf 100 Aero Supply Mfg class A * Class Agfa Ansco Corp com 1 Atnsworth Mfg Corp com.. 10 New Sale Prices 43 Dec. 3 44*3 U0X Dec. 3 111 20 M Dec. 18 22*4 4*3 Dec. 21 5H 13 71 * Air Investors Inc common preferred Warrants Dec. 21 *6 preferred « ... Allegheny Steel 7% pref.,100 Allen Industries Inc com 1 26K Dec. 17 ZA Dec. 15 73 A Dec. 19 80 Dec 69*3 Dec. 23 7 1 2 Alliance Investment com * Allied Internat Investing.._* 3*3 Dec. 23 conv preferred ...* Allied Products class A....25 Aluminum Co common.. 6% preferred 100 Aluminum Goods Mfg • Aluminum Industries com..* Aluminium Ltd............* 0% preferred American Amer ..100 Airlines Inc....10 Beverage Corp 1 American Book Co ...100 Amer Capital Corp cl A..10c Common class B ...... 03 preferred 05.50 prior preferred 10c • ._..* Amer Cities Power At Lt Corp Conv class A ......25 Class A with warrants...25 Class B j Amer Cyanamld com cl A.. 10 Common class B 10 Amer Diet Tel N J common..* 7% conv preferred......100 American Equities Co Amer & Foreign Power warr_. Amer Fork & Hoe Co com...* American Gas 4k Elec com...* Preferred • American General Corp... 10c 02 preferred 1 02.50 preferred ._T ....... Amer Hard Rubber Co com.50 Amer Investment (111) com..* Amer Laund Mach com 28 Amer Light 8c Trac com.._.25 6% preferred ...25 Amer Mfg Co common ...100 American Maracaibo American Meter Co 1 ..* Amer Pneumatic Service..._• Amer Potash 8c Chem Corp..* Amer Seal-Kap Corp com....2 American Super power. _.__.* 1st preferred • Preferred * Amer Thread preferred Anchor Post Fence Angostura com. Wupperman 5 • 1 Apex Elec Mfg Co common..* Appalachian Elec Power— 07 preferred A returns Radio Tube Arkansas Nat Gas com. Class A Preferred. 1 * 10 Arkansas P 8c L 07 pref » Art Metal Works common...0 Ashland Oil & Refining Co.l Associated Elec Industries— American deposit rects__£l Assoc Gas 8c Elec com 1 Class A l 05 » preferred.^ Warrants Assoc Laundries of Amer V t c common * * Associated Rayon Corp com. * Associates Investment Co * Atlanta Birmingham Coast— RR Co pref .......100 Atlanta Gas Lt 6% pref...100 Atlantic Coast Fisheries * Atlantic Coast Line Co....50 Atlas Corp ' com......... * 6% preferred-..........50 Warrants Atlas Plywood Corp........* Far footnotes see page 53 Dec. 2 24K Dec. 3*3 Dec. 29 Dec. % Dec. 81*4 Dec. 82*| Dec. 74 Dec. 11 1 4 14 1 16 15 Dec." 19 ~26*3~Dec."~l Alles & Fisher Inc common.* $3 7 71 2 Dec. 21 3 * Dec. Dec. 21 * ..... Dec. 16 Dec. 20 Ala Gt Sou RR ordinary...00 Ala Power Co 07 pre* ...» Lowest Dec. 18 Dec. 4 15*3 Dec. 15 ..5 common Convertible Highest Sale Prices Dec. 11 6*2 Dec. 29 4 Dec. 17 YEAR 1936 Highest NEW 43 29,200 240 170 200 350 78,800 41,900 3,400 258,100 33,600 3,500 285,400 258,150 52,300 127,800 350 16,500 26,900 4,800 15,400 2,175 1,280 20,465 I 3,736 9,050 950 22,400 5,500 6,400 12,500 68,200 v 195,400 1936 Highest Lowest Highest Sale Prices Sale Prices Sale Prices Lowest *Dec. 31 1% 7% 7% 39% > 8 8% Dec. 43% Dec. Dec. 18 1 3 70 140% Dec. 28 4% Dec. 2% Dec. 19 3% Dec. 1 19 2 3 Dec. 7% Dec. 10 9 Dec. 23 101% Dec. 2 6% Dec. 1 4% Dec,. 10 Dec. 30 2 160 121% Dec. 3 122% Dec. 4% Dec. 4% Dec. 18 17 Dec. 2 19% Dec. 3 Dec. 2% Dec. 17 1% Dec. 29 1% Dec. 14 Dec. 28 16% Dec. 36 Dec. 1 37% Dec. Dec. 18% Dec. 24 22 3 Dec. 4 3% Dec. 46% Dec. 29 48% Dec. * • Bliss (B W) ft Co common • Blue Ridge Corp com—....1 $3 opt conv pref ,.* Blumenthal (S) Ac Co com...* Bohack (HC) Co common—* 7% 1st preferred.......100 Borne Scrymser Co .....25 Botany Consol Mills com * Bourjois lnc * Bower Roller Bearing ....5 4 18 7 1 Dec. 7 35 9 45 Dec. 42 Dec. 29 Dec. 15 10 14% Dec. 24 % Dec. 1 5% Dec. 24 27% Dec. 9 4% Dec. 4% Dec. 2 7 17% Nov. 10 19 Dec. 9 3% Aug. 13 7 54 Dec. 10 61 July 1 101% Dec. 2 2 Aug. 14 6% Dec. 1 142 Apr. 30 160 Dec. 30 121 Jan. 2 124% Oct. 19 35* Feb. 7 5 Oct. 19 11 July 27 19 % Dec. 7 1% July 29 3 A Nov. 23 5-6 Oct. 15 l%Nov.21 13 Oct. 1 19% Mar. 6 35% Oct. 16 40 July 1 13% Jan. v 7 27 Feb. I 7 2% Apr. 30 4% Feb. 1 43% June 16 53 Jan. 14 14% July 10 42 Dec. 7 5 July 21 12 Aug. 6 34 May 26 58% Dec. 18 12% Apr. 9 18 Feb. 20 Jan. 10 IX Nov. 25 9 7% Dec. Dec. 9 140% Dec. 28 Jan. % Apr. 9 2% Oct. 30 93 157 3% Dec. 31 11 Mar. 14 12% Jan. 2 55% Jan. 29 I July 16 7% Dec. 22 6% Oct. 10 39% Dec. 31 3% Dec. 31 9 Dec. 1 Dec. .F Dec. 22 Dec. IB Dec. 31 Dec. 126 Purchase warrants.. Blckford's lnc com $2.50 Conr pref Dec. 1 Sale Prices STOCKS (Continued) Par 337,300 Austin Silver Mines 1 69,300 Automatic Products Corp.-5 63,000 Auto Voting Machine com-.* 15,200 Ax ton Fisher Tob class A—1® 34,245 Babcock Ac Wilcox Co.. „* 231,400 Baldwin Locomotive warr 108,700 Barium Stainless Steel 1 2,906 Barlow & Seelig Mfg class A.5 ! 900 Baumann (L) & Co com—„* 1,720 7% 1st preferred 100 116,900 Bellanca Aircraft common.. 1 1,684 Bell Telep Co of Canada..100 910 Bell Telep of Pa 6% % pf.-lOO 2,400 Benson & Hedges com. * 2,650 Convertible preferred....* 446,200 Berkey & Gay Furn Co 1 330 , 1936 Shares 200 YEAR Jan. 2 1936 232,000 4,100 5,900 1,710 3,925 67,800 67,600 2,400 RANGE FOR Price YORK CURB EXCHANGE In12 Months December EXCHANGE PRICES IN DECEMBER NEW ■ CURB SALES AGGREGATE Shares YORK 1 18 14 15 1 16 11% Dec. 18 58% Dec. 18 15% Dec. 7 % Dec. 3 2 3 Aug. 17 20% May 26 7% Dec. 3 30% Dec. 29 7% Nov. 30 31 Oct. 10 Bowman Biltmore Hotels— 62,800 7,700 40,310 .150,700 23,200 50 12,300 29 Dec. 1 6 Dec. 2 Brazilian Tr Lt St Pr ord—-• 17 34 Dec. Dec. 7 18 80 16"5O6 y 2% Dec. 19 * Common 175 Bridgeport Gas Light Co....* 266,100 Bridgeport Machine com * 2,200 18,000 9,200 7% 1st pref............100 2d preferred .......100 Preferred..............100 69,410 Brill Corp class A 52,700 Class B 7,000 4,250 1,000 25,110 18,000 1,850 50 7% » • .....100 preferred Brlllo Mfg Co common.. Class A. . * ._...._* .... 16% Dec. 29 3% Dec. 3 Dec. 7 8% Dec. 4 18% Dec. 11 35 Dec. 7 19% Dec. 8 40 *6*" De(f."" 12 "~7%~Dec~.~36 2% 45% 10% 30 % 2% % 9% 34 Oct. Aug. Sept. Jan. 19 27 17 20 Dec. 18 3% 40 8% 18% 37 21 Dec. 3 Dec. 7 Dec. 4 Nov. 18 Aug. 26 Aug. 8 Aug. 24 8% Feb. 7 13% Jan. 10 97 Mar. 25 108 Jan. 6 1% Jan. 8 Jan. 8 3 4% Feb. 7 Dec. 17 Dec. 8 Dec. 31 Dec. 31 11% Dec. 1 30 Dec. 31 26% Mar. 14 22% Dec. 16 22% Dec. 12 23% Dec. 17 23% Dec. 10 16% Jan. 2 21 % Jan. 23 26% Apr, 3 26 % June 25 Dec. 19 33% Dec. 16 28 Jan. 2 28% Mar. 12 33% Dec. 16 32% Oct. 13 3% Dec. 19 60 Dec. 30 29 7% Apr. 28 60 Dec. 30 13% Nov. 18 30 Dec. 31 British-American OH Co—.. 800 22,500 3,300 'v; 200 24,800 1,200 7,700 v .... 14,400 25 1,075 Amer dep rets ord reg £1 Am dep rets 2% Dec. 14 ord reg..-10s 200 900 Bruce (E L) Co... 1,400 Bruck Silk Mills Ltd 46,100 Buckeye Pipe Line 100 800 :.y: ......* * .50 67,500 Buff Nlag Ac East Pow pref.25 6,300 950 11,280 4,350 700 51,820 7,300 $5 1st preferred 10,400 Warrants 21,800 Burma Corp. Amer dep rets.. 1,900 Burry Biscuit Corp....l2%c 1,100 3,500 l,O00 153,600 Cable Elec Prod 7,800 ... ; 100 8 Apr. 2 Dec. 29 8% Nov. 24 2% Mar. 18 9 1% Jan. 31 % July 23 4% Nov. 27 24% Jan. 21 7 Nov. 2 _%• Feb. 5 5% Jan. 31 32% Dec. 2 7 Nov. 2 10% Oct. 19 5% Aug. 28 11% Nov. 20 29% Dec. 31 37% Aug. 25 6% Oct. 2 5% July 21 500 Conv preferred * 9,775 Canadian Car & Fdy pref..25 15% Dec. 31 5% Aug. 28 12 Nov. 13 14% Mar. 31 50 Canadian Canners Ltd.....* ... Dec. 31 Oct. 1 Feb. % Dec. Am dep rets A ord sh £1 Am dep rets B ord sh £1 5,400 Am dep rets pref sh £1 5,300 Calamba Sugar Estate Co.20 100 Canada Bread Co com......* 500 Canada Cement Co common * 700 June 10 7 Cables Ac Wireless— 58,900 300 £6% Mar. 7 % Jan. 16,400 2,200 15,200 8 Dec. 1 Dec. 30 Mar. 6 Oct. 3 Dec. 30 50 Jan. 30 26% Oct. 21 16 7% Dec. 10 * v t c... 48% 13% 31 10% 23 51% Jan. 1% Jan. Burco Inc.common......._.* 1,100 $3 conr preferred... .* . 3% Jan. 37% Dec. 21 107% 7102 2 5% 33% Jan. 28 40 ■ % Jan. 4 % 2% Mar. 17 4% Jan. 103 * 10 Bunker Hill Ac Sullivan.. 6 7% May 20 9% Nov. 5 24% Oct. 16 6% Aug. li 12% July 15 8 Aug. 4 39% Jan. 2 23% Apr. 24 „ 18,500 Jan. 28 British Col Power class A__* 62,300 Brown Co 6% pref 100 15,600 Brown Fence & Wire com 1 7,100 Class A preferred * 134,000 Brown Forman Distillery 1 9,300 12,000 ...... 32 Amer dep rets ord b«ar. £l British Celanese Ltd— ., 1,400 50 Coupon stock (bearer)....* Registered...............* British Amer Tobacco, Ltd— i 75% Dec. 14 12% Feb. 24 11% Jan. 28 „ 1,075 Canadian Hydro Elec Ltd— 3,050 6% preferred 103,400 Can Indus Alcohol 1,660 6,100 10,200 3O4,2O0 2,200 26,200 1,400 cl A.... non-voting .....* Canadian Marconi Co 1 2,600 Carman Ac Co 400 * B 8,900 Capital City Products 861,900 Carlb Syndicate com 87,800 cony A stk 115 50 Carreras Ltd—-, 100 - „ , common 63,500 Casco Products 6,125 Castle (A M) & Co ..* * 10 1 Celanese Corp of Amer— . 17,700 1,425 7% 1st partlc pref 100 12,325 7% prior preferred...... 100 11,350 Celluloid Corp com 15 2,535 1st preferred 625 2,200 390 1,000 5,085 10,500 69,l00 12,800 15,300 18,450 1,025 Ann 96,200 1,205 5,650 475 » 2,900 Conv preferred 100 9,905 Conv pref opt ser 1929..100 211,000 Centrifugal Pipe Corp • 8,100 1,875 46,075 800 408,700 31.400 2,100 230 650 1,450 21,600 200 25,900 800 1,700 17,000 1,400 20,200 300 1,200 .100 AnA 20,400 1,400 10,300 81,480 27,700 86,500 125 Cent Pow & Lt 7% pref Gent & Southwest Utll— 288,200 Common..............^.^1 1,106,300 Central States Elec com 1 46,740 7% preferred 100 26,425 6% pref without warr..100 AnA 1,150 3,800 $7 dly preferred * Cent Hud Gft Ev tc. ._..._* 330 Cent Maine Pow 7% pref._100 Cent Ohio Steel Prod 1 51,200 Charls Corp com........ 10 Cherry-Burrell Corp com...* Chesebrough Mfg.. 25 Chicago Flexible Shaft Co. .5 Chicago Rivet & Machine Chief Consol Mining Co * 1 Chllds Go preferred......19$ 5,388,300 Cities Service common ♦ 264,700 Preferred. 28,500 Preferred B • 3,590 Preferred BB • 8,300 Cities Serv Pr At Lt 11 pref..* ' 7,200 $7 preferred * 352,700 City Auto Stamping Co • 4,200 City Ac Suburban Homes...10 167,800 Claude Neon Lights com I 5,100 Clayton Ac Lambert Mfg Co..* 17,150 Cleveland Elec ilium com...* 131,000 Cleveland Tractor com.. » l. 5,400 Clinchfleld Coal com.....100 84,900 Club Aluminum Utensil com * 1,800 Cockshutt Plow Co Ltd....* ' 11,200 Cohn Ac Rosenberger com..* For footnotes see pace 53. 29 2% Feb. 22 6 Dec. 11 8% Dec. 14 36% Nov. 5 27 3 102 86 Jan. 75 Apr. 22 4 Mar. 13 4% Feb. 95 July 22 Oct, 5 C 474,800 Catalln Corp of Amer 51,300 10 Oct. 1% Dec. 22 16% Jan. 6 2% May 19 18% Jan. 3 * Am dep rets A ord......£l 510,700 Carrier Corp 45,400 5,400 1,950 12,200 1,100 1% July 14 * 25c 13,700 Class B * 34,600 Carnation Co common * 2,555 Carolina P Ac L $7 pref......* 1,700 $6 preferred....... ......_* 1,800 2,200 . 100 22% Dec. 2 29% Dec. 24 34% Dec. 30 38% Dec. 1 ""8% "Dec.""5 "16%"Dec*." 17 105 10 Dec. 30 111 Dec. 1 Dec. 1 110% Dec. 10 Dec. 19 12% Dec. 11 95 Dec. 2 97% Dec. 18 39 Dec. 9 44% Dec. 10 17% Dec. 2 19% Dec. 109 3 Dec.~~5 "26%"Dec."l4 "l7 81% Dec. 1 3% Dec. 18 1% Dec. 1 43% Dec. 1 90 Dec, 7 4% Dec. 3 2% Dec. 14 48 Dec. 15 18 Dec. 1 22% Dec. 14 23 Dec. 1 26% Dec. 15 22% Dec. 15 7 Dec. 1 18% Dec. 28 5% Dec. 31 17 16% 11 72% 19118 54 Dec. 22 57% 27% Dec. 29 31 15 71 106 Dec. Dec. Dec. 1% Dec. 1 78 Dec. 16 3% 45% 4% 43% Dec. Dec. Dec. Dec. 2 3 7 8 54 Dec. 4 58% Dec. 4 12% Dec. 29 4 Dec. % Dec. 9% 45% 9% 5% 1% 9% 9 Dec. Dec. Dec. Dec. Dec. Dec. Dec. 17 4 5 Dec. 24 Dec. 5 Dec. 1 Dec. 1 1% Dec. 84% Dec. 7 7 4% 59% 5% 59 69% 75 15% 4 Dec. 15 Dec. Dec. Dec. Dec. Dec. Dec. 30 28 30 31 31 1 Dec. 17 % Dec. 21 21 zlO 22 49% 23 12% 30 7% 29 ■'} 2% 11 11% 4 Dec. 10 Dec. Dec. Dec. 3 7 1 Dec. 1 Dec. 1 Dec. 28 Dec. 8. 44% Jan. 27 7% Apr. 28 16 Aug. 24 40 Apr. 7 7% Nov. 17 47% Jan. 27 34% Dec. 30 40% Nov. 17 58 Oct. 14 16% Mar. 4 99% May 15 116% Jan. 14 107% Feb. 11 116 Jan. 14 9 Sept. 23 16% Jan. 23 82 Sept. 21 29% Aug. 25 14% Apr. 11 68 Apr. 23 17 Dec. 5 42% Feb. 4 1% Apr. 29 1H Jan. 2 31% Jan. 2 16% Nov. 16 Jan. 29 55 Jan. 27 19% Dec. 3 102 89 21 Oct. 24 Nov. 2 90 Dec. 7 4% Dec. 3 3% Feb. 17 56 Aug.' 8 31% Jan. 29 20 Jan. 2 44 Feb. 17 May 13 30% Feb. 34% May 4 7% Nov. 15 Dec. 17 22 Jan. 58 Oct. 6 72% Dec. 105 May 11 124% Mar. 38 Jan. 27 58 Nov. 24 Jan. 22 34% Apr. % Jan. 6 1 % Nov. 34% Jan. 3 86% Nov. 3 Jan. 3 41% Jan. 6 3% May 15 40 June 6 43 May 19 42% Jan. 4 II Jan. 3 3% Jan.1 % Oct. 7% Nov. 9 13 6 28 18 24 3 28 3 17 30 7% Feb. 4 66 June 25 6% Feb. 5 63 Feb. 25 69% Dec. 31 75 Dec. 31 19% Apr. 2 5% Oct. 15 7 1% Feb. 13 6 May 12 8% Aug. 10 10% Nov. 23 52% Aug. 12 16% Feb. 11 41 2% Sept. 12 7% Dec. 1 1% May 16 3% Jan. 30 6% Aug. 31 11% Dec. 28 6% Sept. 171 12 Mar. 10 JAN., 1937] AOGHEGA te NEW YORK CURB sales PRICES IN DECEMBER ' In {December j i r 4,400 57,300 12,300 Par Columbia Gas Ac Elec Corp— 5% Conv preferred ..100 Oil 8c Gas com 1 1,705 Columbia Pictures com new-. ' 13,350 Ask Bid 84,609 Commonwealth 5,300 100 Edison Dec. 31 Ask Bid Bid Sale 3; Lowest 3X Sale Sale 14 X Sale 56)4 Sale YEAR 91 8)4 Sale Sale 36 114 X Sale """5* Sale" 41)4 45 97 V Commonwealth Ac Sou Corp— 2,760,300 Warrants.. Sale Lowest Sale Prices Sale Prices 25* 454 3X 14)* Sale Dec. Dec.' Dec. Dec. 52 18)4 Sale 6054 Sale 92 X 53 X Highest Sale Prices Ask ~~3X "3)4 ""354 Sale" 132,959 3,455,400 Columbia 289,400 i. 75 | STOCKS (Continued) 185,200 Colon Development Co Ltd.. '13,500 5% Income stock A £1 20,900 6% convertible preferred.. 87,000 Colorado Fuel & Iron warr 156-775 Colt's Patent Fire Arms Mfg2ft '■r; Dec. 1 1936 Shares 27.000 7.600 RANGE FOR Price 1936 Jan. 2 1936 Shares S NEW YORK CURB EXCHANGE 12 Months EXCHANGE Dec. 2 9 8 1 19 , 83)4 Dec. 29 8 ; Dec. 1 954 Sale 41 34 Dec. 112 118)4 Sale Dec. 354 x4X 3)4 195* 61)4 Dec. 16 Dec. 29 Dec. 5 Dec. 9 Dec. 4 2)4 Sept. 22 35* Oct. 29 3X Oct. 19 95* Nov. 14 42 May 26 93X Dec. 14 10)4 Dec. 10 18 £38 8 119 Dec. V ■ £45* Dec. 29 3)4 Sept. 24 195* Dec. 9 73 Jan. 23 83)4 Dec. 29 116 X July 28 5* Jan. 2 10)4 Dec. 10 17 Dec. Highest Sale Prices 3 54 Dec. 16 17 34 97 Dec. 18 45 2 119 Jan. Jan. 18 Dec. 17 „ i 152,100 1,900 | 2,050 10,900 Commonwealths Dlstrlbut.,1 34,850 Community P 8c L 1st pref..* Community Public Service— 3,550 Stktrctfsfor com 25 100,100 Community Water Serv 1 65,200 Compo Shoe Machinery.. N 200 Y t c ert to 1946 ; 1,450 200 "~15* Sale' 125* Sale % Sale IX Sale Sale X Dec. 1)4 Dec. 19 Sale 55 52 3154 Sale 154 Sale 16 X Sale --u2 16M ... 5,400 4,400 . 2)4 Sale <" % Sale 54 Sale *13"" 1% Sale Sale 19 Dec. 3 30^ Dec. Dec. 24 18 200 $3 preferred * 518,400 Consolidated Aircraft com..l Dec. 17 X Sale 23 )4 Sale 22)4 Sale Dec. 29 Dec. 21 6)4 88 Sale Sale 8)4 Sale 87)4 Sale 22 Consol Automatic 3,800 $3.50 preferred...—.....* 1,000 Consol Cigar Corp warrants. 1,000 273,900 6,400 959900 Consol Copper Mines 10 3,590 37,700 8,700 14,200 108,200 2,950 27,900 ■ ; 2,000 28,300 " ; 650 13,300 40 Sale Sale ^75,700 4,500 475 26,800 3,400 5« 84] V' f.; 100 100 $4 preferred 140,300 13,600 861,500 Cosden Oil Co 143,100 700 91,800 23,900 61,700 8,500 1,006,000 269,500 758,700 4,300 100 30,100 2,900 17,600 875,100 14,000 1,820 270 200 145,300 30,800 735 12,400 ; 650 Sale" 22 Sale Sale 55 Sale Sale 1054 Sale 454 Sale 7 Sale Sale 6)4 Sale 60)1 90 1 725 8,700 21 9 1 Sale Sale Sale Crowley Milner 8c Co 7 11 com .... * com Crown Cent Petrol Corp Crown Cork Internet cl A. Sale 1 Cuneo Press com. Sale 11 11)4 2 37)4 Sale 14 X Sale 54 Sale 8 14X Sale 12 2 Sale 13)4 4)4 IX Sale 12)4 4)1 13)4 Sale * "2)4 Sale 3)4 39)4 6 Sale 1254 Sale 45)4 49 8.700 Class A Amer dep rets ord reg IX Sale Sale *9 11)4 cum 13 16 Sale 14)4 15)4 Sale 325* 31)4 46)4 May 12 145* July 7 Dec. 18 4 1 55)4 Dec. 52)4 Dec. 28 7 Dec. 29 Dec. 4 6)4 Dec. 29 94 51)4 L14 . X Dec. 24 3)4 June 16 1 8 11 5 7 11 10 32 Dec. 24 64)* 52)4 12)4 5)4 7)4 Dec. Dec. Dec. Dec. Dec. 94 Dec. 23 24 28 31 4 14 Jan. 8 Oct. 9 116 Dec. 28 Jan. 2 Aug. 21 July 6 65 Jan. 4)4 Dec. 31 IX Jan. 6)4 Jan. Dec. 23 11 Dec. 8 11 Dec. 8 1)4 125* 4)4 235* 15* 12)* Dec. Dec. Dec. Dec. Dec. Dec. 1 2)4 Dec. 13)4 Dec. 5 Dec. 245* Dec. 254 Dec. 16)4 Dec. 515* Dec. 31 15 11 1 39 31 31 Dec. 18 Dec. 14)4 Sept. : X Dec. . x9 preferred 154 1)4 5)4 Sale 55* Sale Detroit Gray Iron Fdry com .5 Detroit Paper Products.....1 17)* "1754 *15 X Sale 19 X * Sale 16 Sale 854 485* "8)4 Sale" 9 Sale 10 * 18)4 19 1354 Sale 854 85s 55)4 Sale "29"" Sale' Sale" 11 23)4 24)4 2854 Sale 37 1154 285* 10 400 Dominion Tar & Chem Co..* 20 6)4% preferred........100 Douglas (W L) Shoe Co— 1.650 7% preferred .....100 70,330 Dow Chemical Co com.__...* 2,630 Draper Corp » 5X Dec. 72 1154 2954 Sale Sale 10 Sale 30)* 31X 38)4 Sale "1254 Sai© Dec. 78 Dec. 50 Feb. 20 7 18 1)4 25)4 15)4 18)4 854 75* •34 X 9X 15 Jan. Mar. Dec. Dec. Jan. Aug. Aug. Aug. May 11 10 Dec. 30 18 15)4 Dec. 18)4 Dec. 17)4 Dec. 17 Dec. 3 19; 13 16 Dec, 8)4 Dec. 48 9 Dec. 57 275* Dec. 10 4 £29 Dec. 30 11 29X Dec. 11 35)* Dec. 21 53X Dec. 10 9)4 Dec. ~ Dec. Dec. 3 Dec. 28 Dec. Dec. 31X Dec. 18 38)4 Dec. 31 55 Jan. 9 6)4 Dec. Dec. 2 31 Jan. 16)4 May 14 1554 Dec. 31 18X Dec. 11 * s 12 10 X June 10 22 May 1 73 Dec. 29 22 5 Nov. 18 Feb. 1 14 18 X 16 X 215* 325* 15 11 9 10 11 Dec. 30 Apr. 11 Dec. 9 Dec. 4 19X Mar. 19 18)* Dec! 11 73 29 22 7 27 21 28 12 Sept. 21 Oct. 28 65* Oct. _ 235* Mar. 13 275* May 19 46 Feb. 2)4 Oct. 16)4 Dec. 515* Dec. 109 Apr. 17 X Dec. IX Apr. 9 1554 Dec. Dec. 25 8 70 Sale Feb. 25* Jan. 31 16)4 July 20 5 55* Feb. Dec. 105 1 1554 Sale Jan. Feb. 11 Oct. 11 4 15 14% 4X Jan. 37 X Feb. .. Dec. 31 38X Dec. 28 14 Dec. 23 Jan. 17X Dec. 30 15 !2sX 16 15 215* Dec. 325* Dec. Dec. 11 Nov. 30 Dec. 24 JX Aug. Dec. 7 4 16 39 14 9 Feb. Dec. Dec. Apr. Sept. May MJune Dec. 7 Dec. 10 Dec. 21 5* 2 2 19 9 1 7 106 7 June 24 Jan. 19)4 2 Dec. 6 Dec. 31 Nov. 18 Dec. 8 Jan. 15 Jan. Dec. 23 Dec. 1 15)4 Dec. 14)4 Dec. 16 June 1454 Dec. 15 1 5* Dec. 49 16)4 Dec. )4 Dec. 2 2 11)4 May 19 2 1K Dec. Mar. Dec. 24 52 X Dec. 28 Dec. 31 Mar. 24 8 Feb. 19 15 103 Nov. 10 52X 6X 3)4 454 15 Dec. 29 2 Dec. Dec. 11 Dec. 22 30 X Dec. 24 if« 4 16 1 31)* 1254 X 23 5* Jan. 954 Dec. 23 94 X Aug. 11 5354 June 30 81 354 May 8 115* 90 Jan. 23 122 X 2 May 14 3X 88 Jan. 3 1015* 54 May 7 11X Sept, 3 6)4 Jan. 9 165* Oct. 21 IV* 62 60 Oct. 21 9)4 Jan. 2 32 34 Jan. 3 64X 38)* Dec. 28 29 Apr. 13 2454 Nov. 28 84 31 Nov. 27 49 .12 Dec. 21 Dec. 23 1 25* Dec. 255* Dec. 2 17)4 Sale 14)4 15)4 195* Sale Sale Dec. 19 H Jan. 21 X Dec. 24 954 Dec. 23 895* Dec. 4 70 Detroit Gasket 8c Mfg Co...l 6% preferred w w 20 13,100 Am dep rets ord reg £1 140,900 DoehlerDie-Casting... 125 Dominion Bridge Co Ltd * 25.100 Dominion Steel 8c Coal B..25 - 48 2454 Dec. £1 Distillers Co Ltd— 1,300 16 54 Sale X Sale 20 X common..1 Dennlson Mfg 7% pref 100 Derby OH & Ref com * $4 1654 Dec. 16 Dec. 10 33)4 Oct. 13 3)4 Mar. 5 19 105 35 56,900 Distilled Liquors Corp.....5 10,400 75 2,300 15X 505* ......100 40,100 Detroit Steel Products... 100 De Vilbiss Co 7% pref 8,775 Diamond Shoe Corp com "l",305 9 22 18 8 7 6 81 Oct. 185* 21X 195* 10)4 July June Aug. Apr. 57 Dec. 28 93* Aug. 28 30 X Oct. 13 125* Jan. 24 31X Dec. 18 38 X Nov. 13 55 Dec. 29 12)4 Dec. 31 4)4 June 24 12)4 Dec. 31 8 July 20 105* Oct. 20 108 Nov. 27 108 Nor. 27 Dec. 28 Dec. 7 Dec. 22 Dec. 15 Dec. 10 Dec. 11 Dec. 5 Dec. 9 Dec. 1 Aug. 17 415* Nov. 2 Apr. 29 142 X Dec. fc7 Jan. 3 97 Dec. 22 . 75 4.930 710 3,800 21,000 Driver Harris Co 50 common.. 10 340 7% preferred .....100 115,200 Dubiller Cond Corp com__.l 9,175 Duke Power Co .....100 „ 9,100 1,200 1,000 6,700 „ , 327,550 Eagle Plcher Lead Co 236,000 10 Eastern Gas & Fuel Assoc..* 85,525 6% preferred ..100 31,260 4)4% prior preferred 100 1,600 Eastern Malleable Iron Co.25 159,400 Easteirn States Corp com__..* 825 -. 900 27,200 $7 preferred series A » 67,550 $6 preferred series B • 206,150 Easy Washing Mach class B.* 10,300 Economy Groc Stores com * 16,300 Edison Bros Stores Inc.....* 260,200 Eisler Electric com ......1 6,161,500 j 157,500 79,900 . 7,200 5,800 1,750 12,200 33 95 66 37)4 Sale Electric Bond Ac Share $6 preferred $5 preferred 74 1 74,675 13,780 Option 7,200 20,300 10,510 2,300 31,000 12,275 13,350 3,825 4,950 118,500 806,600 59)4 1)4 25)4 25 X 35 137 200 14,800 European Elec Co of Can— 101.300 Option warrants.......... see page 53. 60)4 154 27 Sale l!>ec. Sale ~3l"" Sale 3)4 Sale 74)4 76 ~~3X Sale 29 X Dec. Dec. 28)* Dec. 8 X Sale 1654 Sale 7 Sale 63)4 Sale 70 Sale 70 Sale 1 1)4 65* Sale 22 X Sale 6)4 Sale 61 Sale 69 X Sale 3)4 67)4 IX 6)4 4)4 Sale 67 X Sale 6554 Sale 14)4 Sale 6X Sale 74)4 79 73 Sale Dec. Dec. Dec. Dec. Dec. 1554 Dec. 2 Dec. 6X Dec. 23 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 97)4 Dec. 565* Dec. 24 66 Dec. 23 Dec. 8 35* Dec. 67)* Dec. 6554 Dec. 7 1 1 Sale 115* Sale "65"" "655* "61)4 "63"" 35* Sale Sale Sale 68 354 22)4 80X 7254 Sale 95* 10)4 10 Sale Sale Sale JX 8)4 Sale Sale Sale 5)4 97 21)1 79 X 67 X 77 Sale 7)4 Sale 5)4 Sale 96 -,98, Sale Sale Sale Sale Sale 8X Sale ell Dec. 18 20 warrants 100 Sale Sale 65* Sale $6 Conv pref with warr...* Electric Shovel Coal Co— 8% preferred 32 131 84 1)4 38"" "39 X _._..* 6% preferred...........100 6)4% preferred.........100 Empire Pow Corp part stk..* Emsco Derrick 8c Equip Co.5 Equity Corp common.....10c 3,750 Eureka Pipe Line ...50 Fer footnotes 33 135 22 5 Electrographic Corp com...l Elgin National Watch Co._15 Empire Diet Elec 6% pref. 100 Empire G Ac F 7% pref. 100 - 7)4 Sale 4 42 X ............. $4 participating pref..... Sale 1054 Sale 78,200 Electric Shareholdings com.l 2,400 35)4 135)4 Sale 110 '"X 74,500 Electric Power Associates... 1 146,000 Class A 1 46,330 Electric Pow Ac Lt 2d pf A * w 98 Sale „ 2,900 Durham Hosiery cl B com...* 131,000 Duval Texas Sulphur.......* 137.100 12,600 5,550 2,175 5,100 114,200 4)4 Sale 700 Curtis 4,380 126,450 8,225 24,400 14,800 137,900 74,000 5,500 2,200 3,800 2,100 650 500 645* Sept. 22 1X Jan. 10 16 22 1 5* Feb. 17 2X Nov. 23 625* Dec. 16 1654 Dec. 16 9 81 Dec. Dec. Dec. 29 10)4 Dec. Dec. 18 .22)4 Dec. 1 Dec. 3)4 Dec. Dec. 1 99)4 Dec. Dec. 11 1)4 Dec. 1 Dec. 19)* Dec. Dec. Dec. 14 12 1 Dec. 21)4 Dec. Dec. 15 61)4 Dec. 1)4 1654 10)4 175* 9 2 11)4 Jan. 23 13)4 Dec. 10 IX Sale 3254 Sale 13 X Sale 54 Sale 12)4 14 Sale 3 4,000 Dejays Stores Inc 220 2,450 1.900 100 62 Sale" 12)4 Sale 4)4 Sale 654 7 87 90 38 ft 5,100 ; 7,500 4,350 92 31)4 Sale De Haviland Aircraft Ltd— 1,700 375 100 17)4 Sale 26 X Crocker Wheeler Elec Mfg..* Croft (The) Brewing Co 1 300 9,200 950 "iX Sale" Sale Cramp (Wm) 8c Sons Ship & Engine Bldg Corp......100 6)4% preferred Dec. 18 Dec. 21 18 Jan. 28 < 1 £1 50,600 Darby R$trp|/Gorp.a.......5 9,535 Davenoort Hosiery ___..* 46,300 Dayton Rubber Mfg.. * 4,000 14,300 10,500 )4 154 1654 Sale 100 Creole Petroleum 87 74)4 8)4 117)4 : 25* 97 "1754 Sale" 19)4 Sale" 9)4 34)4 Mfg Co (Mo).... ..5 609.700 Cusl Mexican* Mining....50c _ 26,700 601,400 3 ...... 5,000 6,100 2,400 41,100 2,300 4,050 8,050 525 2)4 Sale Am dep rets for ord stk req 58,300 261,000 Crown Drug common....25c 4,175 Preferred ...25 26,900 Crystal Oil Ref Corp com...* 32,100 Cuban Tobacco com v t c___* 750 X ; . Sale Preferred. 6,900 Sale ....1 com CkMirtaulds Ltd... 400 9 "6)4 "7)4 .... 100 Sale * 100 $3 prior preferred.._._...* 39,300 Copper Range Co * 583,600 Cord Corp .........5 91,500 Corroon 8c Reynolds ...1 8,800 $6 Conv pref A 4.700 39,600 6,000 54 Cook Paint & Varnish Co...* 60 81 10)4 Sale 120 Sale 2X Sale 97 Continental Oil of Mexico..! 254,200 Cooper Bessemer Corp com.. * 37,200 S3 preferred A.. ......_.* . Sale Consol Royalty Oil.. ...10 Cont'l G Ac E 7% pr pref...100 Cont Roll & Steel Fdy com..* Continental Secur common.* 1 Dec. 60 Cons Retail Stores Inc com.ft 8% preferred 24 654 Dec. 114 "77"~ Sale" | 16,575 Consol Mln 8c Smelt Ltd....5 260 1 "")4 Dec". 5 102,200 Con Gas BL&P Bait com..* 230 5% preferred A.........100 j, 1,975 10,400 1 16 19 Apr. June 1] 13 5 154 Dec. 19 Conn Gas & Coke Secur 59,200 325* Dec. 15)4 Dec. 21 47 , 75 54 Dec. 14 2)4 Dec. 1 625* Dec. 16 Dec. 4 61)* Dec. 21 354 Dec. 29 1954 Dec. 7 77 675* Dec. 3 9)4 Dec. 9 754 Dec. 24 73 12)4 Sale" 5)4 Sale 96 Sale Dec. 29 Dec. 4 7)4 Dec. 7 5 3 Dec. 95X Dec. 28 Sale 13)4 Sale 175* Sale 12 17X Sale Dec. 1 17X Dec. 31 52"^ 39 57 15)4 Sale 45 X Sale 70 50 45 Sale Sale Sale 75)4 Sale 58 70 64 Sale Sale Sale 49)4 Dec. 10 50)4 Dec. 2 Sale 17)4 Dec. 31 2)4 Dec. 18 45)4 Dec. 30 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 54 Dec. 28 54 Dec. 43 42 Sale' Sale 32 2)4 Sale 37 July Jan. Feb. Aug. 18 July 29 23 1 23 15 2 11)4 Mar. 6 4 83 Mar. 6 3 85 Jan. 8 42 22 Dec. Jan. „• 4 15 15 11 654 Jan. 8 15)4 June 24 36 Jan. 20 Apr. 28 14 31 9 4 2 IX May 12 24X Jan. 11 18 IX Dec. 105* Jan. Jan. 23 4 2 4 15 2 2 Sept. Mar. 30 Oct. 10 7)4 Jan. 15 23 Jan. 41X Jan. 59 X Jan. 1 1 9 39 14 111 7 6 26 85 Feb. 20 Jan. . 9 64X Apr. 28 9)4 Apr. 27 Apr. 30 Jan. ? 2 _ 17 30 Jan., -2 May 22 4 May 2354 Dec. 23 X 6h 31 Feb. 7 Dec. 81 Dec. 15 15 80 X Dec. 15 15] Sept. 5 23 X Mar. 6 69 Oct. 13 4)4 Mar. 3 27 July 28 88)4 July 22 79 12 Mar. 25 Mar. 11 9)4 July 20 83 X Dec. 9 13X Dec. 17 95* Feb. 17 8 99 4 29)4 Feb. 19 19 X Apr. 7 Nov. 6 5* 11 47 June 39 54 Sale fir 57~~ Sale Sale 48)4 Sale Dec. 18 Dec. 4 51)4 Dec. 2 1 27 Dec. Dec. 21 9 10 1 Jan. 15 Jan. 305* Jan. 4 42 15 31 31 31 31 31 , 14 Jan. 7 2 4554 Nov. 19 63)4 July 11 43)4 Jan. 6 70 Jan. 3 75)4 Dec. 31 Jan. 7 44 21 15 Jan, 9 Jan. 23 70 66 32 Jan. 8 11 1X July 15 38)4 July 24 16 9 '/» Jan. r2 1 Dec. 31 47 43 Dec. 31 July 28 Dec. 31 Nov. 9 22 3X Feb. 17 Dec. 15 47)1 5* Feb. 4 NEW AGGREGATE YORK CURB EXCHANGE YEAR RANGE FOR PRICES IN DECEMBER SALES 1936 NEW YORK In 12 Months ■ CURB EXCHANGE Highest Lowest Highest Sale Prices Sale Prices Sale Prices 1936 Shares 62,700 4,600 18,500 11,300 12,856 51,400 2,100 1,400 4,800 100 17,000 820 70 * Lowest Sale Prices December 48,000 3,725 4,300 20,400 325 22,900 200 54 Dec. 2 Dec. 5 1754 Dec. 10 17 554 Dec. 22 154 Dec. 11 Dec. 11 Dec. 17 28 20 7 54 Dec. 8 Jan. 9 2154 Dec. 19 12 Dec. 18 3154 Dec. 31 3554 Dec. 8 1854 Dec. 28 % Dec. 28 80 Dec. 21 Lll Dec. 28 1054 Dec. 22 Dec. 7 5654 Dec. 8 21 Dec. 22 2354 Dec. 22 c73 754 Dec. 3 254 Dec. 19 10k Dec.""I 24 k Dec. 3 13$ Dec. 7 3454 Dec. 1 40Vi Dec. 15 28X Dec. 28 k Dec. 1 84 Dec. 31 13 H Dec. 24 12k Dec. 1 76H Dec. 1 6254 Dec. 15 Dec. 23 3 2554 Dec. 15 854 Dec. 1 254 Dec. 12 105|llecT29 U 54Dec." "2 2,500 954 Dec. 24 1154 Dec. 9 11,900 1854 Dec. 19 1854 Dec. 1 354 Dec. 9 14,300 4,400 5.200 100 62,200 350 9,700 2,100 180 1,525 10,200 1,200 28,800 254 Dec. 3 Dec. 7 22 1954 Dec. 23 2154 Dec. 14 65 U Dec. 3 8954 Dec. 85 Dec. 154 Dec. 2054 Dec. 14 60 4.800 2,150 10,400 68,500 2,600 10,600 250 1,890 1,550 17,900 28,000 4,500 25,500 39,200 25 1 29 5j2 Dec. 1 9354 Dec. 30 9354 Dec. 7 lk Dec. 10 2454 Dec. 1 154 Dec. 80 k Dec. 18 28 16 30 87 19,600 28 29 7 1754 Dec. LOO 260 14 Dec. Dec. 50 490 37,550 3,100 14,200 Dec. 24 6254 Dec. 3 154 Dec. 9 7854 Dec. 21 1,500 "slioS 23 1 62 Dec. 4 2054 Dec. Dec. 16 L0154 Dec. Dec. 1 9554 Dec. 854 "Dec. 18 *1154 D"ec.""9 Dec. 23 44 Dec. 1 Dec. 29 1554 Dec. 8 1 3954 Dec. 23 44k Dec. 27 Dec. 2 3254 Dec. 9 L03 Dec. 29 L0354 Dec. 29 54 Dec. 4 % Dec. 4 554 Dec. 30 754 Dec. 6 3354 Dec. 2 3854 Dec. 7 41 13 23 354 1254 17 54 Dec. 10 Dec. 2 Dec. 16 Dec. 21 Dec. 22 11254 Dec. 19 3654 Dec. 9 7J4 Dec. 1 126 354 Dec. % Dec. 1 2754 Dec. 354 Dec. 13k Dec. 2154 Dec. L29 Dec. 124 Dec. 3854 Dec. 10 Dec. 28 10 3 31 4 1 29 11 654 Dec. 12 3 % Dec. 5 2 11154 Dec. 21 59 Dec. 31 Dec. 11 93 Dec. 11 10654 Dec. 54 93 Dec. 22 •irsssri "IB"""D~ec.~4 554 Dec. 29 2354 Dec. 28 Dec. 3 2454 Dec. 18 7 2354 Jan. 1054 7 15954 Jan. 3 1054 Jan. 3 2454 July 31 17 June 1 3654 Jan. 3 4254 Dec. 28 2354 Jan. 2 V 154 July 23 89 111 Dec. 28 117 454 Apr. 28 1254 46 May 8 79 4054 May 26 6454 19 July 9 2854 2254 July 2 32 Jan. 454 1354 1154 2354 2854 1854 54 7454 754 May 18 254 Sept. 30 30 "4",I5o Dec. 11 28 2 454 Sept. 14 143 '~754~Dec. Jan. 10 Nov. Jan. Jan. Nov. Oct. Oct. Feb. Feb. ; 4 28 30 1 21 20 454 Feb. 21 Jan. 11 2 Ilk Dec. 9 19 23 - Dec. 3 Jan. 2 Sept. 22 Nov. 18 Sept. 23 Feb. 7 Feb. 5 1154 Dec. Sept. 23 2 28 Feb. 21 Nov. 23 30 6 18 54 Jan. 1254 Jan. Jan 14 954 Feb. 21 11 954 Dec. 24 16 5 154 Feb. 54 Aug. 11 5 1454 Apr. 30 Mar. 11 454 Feb. 5 2354 Sept. 3 2154 Nov. 23 2 2 13 Jan. 3 ; % Aug. 5 40 Apr. 30 % Jan. 7 70 2 5 Oct. 254 Feb. Nov. 28 94 54 Feb. 5 June 1 10054 Sept. 23 Jan. 4 9354 Dec. 7 Jan. 30 254 Jan. 16 71 67 1 22 2454 Jan. 24 5254 1354 Aug. 26 2054 85 Apr. 21102 7954 Apr. 29 9554 6854 Apr. 21 7454 5 Apr. 24 1154 40 July 20 4754 13 Dec. 29 1854 24 Jan. 10 4554 1254 Jan. 47 Nov. Mar. Dec. Jan. Dec. Aug. Dec. 19 13 28 2 30 17 29 Sept. 17 Jan. 2 100 Nov. 23 54 Jan. 10 254 Jan. 21 Feb. Nov. 32k Oct. 104 Oct. % Feb. 754 Oct. 7 30 19 21 13 19 1854 June 30 3854 Dec. 7 8 1654 May 21 2754 25l July 9 454 10 Jan. 6 16 17 July 6 3254 124 Feb. 10 130 Dec. 28 Sept. 8 Apr. 1 Jan. 28 Nov. 10 11054 Mar. 25 13054 Jan. 2454 Apr. 29 x41 654 July 24 154 June k Jan. 8 11 Jan. 54 Dec. 22 81 Apr. 28 Jan. 9 76 954 Sept. 22 554 Aug. 20 22 Oct. 28 11 Nov. 25 754 Jan. 6 6654 Dec. 17 1 Apr. 30 254 Oct. 28 14 Dec. 22 1054 Jan. 2 1054 July 31 154 July 16 1054 Dec. 31 2754 Dec. 31 39 Nov. 10 2154 Feb. 20 1354 Dec. 1 654 June 4 854 Dec. 29 1354 Aug. 26 14 k May 14 2954 10454 10854 2254 Apr. 29 Nov. 6 Dec. 16 Jan. 2 June 2 54 Sept. 2 954 Aug. 10 1354 June 4 6 Jan. 7 254 Jan. 2 32 May 19 57 3654 Jan. 2 3854 Jan. 5254 Feb. 6 5 954 Jan. 25 Dec. Dec. Apr. Mar. 554 Jan.) 10 Feb. 14 June 9254 Jan. 1954 19J4 13 k 37 2 29 29 12 2 28 18 7 654 Dec. 12 lj| 2 117 72 2 Nov. 19 1054 Feb. Feb. 17 6 Dec. 31 Nov. 7 8854 Oct. 24 Nov. 59 97 15 Dec. 4 854 Mar. 31 2554 Nov. 10 11 Nov. 25 854 7254 25i 65t 1454 Feb. 27 9 31 3 15 17 Oct. Jan. Mar. Dec. 19 Nov. 1954 Dec. 3 Feb. 1054 Dec. 28 Dec. 55 30 17 31 31 Jan. 16 4054 Dec. 30 1754 Jan. 24 2054 Dec. 31 1254 Aug. 28 1354 Aug. 26 2254 Jan. 17 40 Dec. 22 11154 Aug. 7 110 Dec. 31 3454 Dec. 15 80 Dec. 23 254 Feb. 6 4054 Feb. 4 30 Apr. 8 954 Oct. 13 754 Jan. 14 6254 Nov. 10 60 Sept. 5 5954 Sept. 5 59 Dec. 10 11 Dec. 2454fFeb. 2454 Feb. 1454 4454 954 46 48 23 102 Mar. 5 6 7 6 Dec. 10 Oct. 6 Oct. 21 Oct. 20 Dec. 30 254 Sept. 3 654 Jan. 28 Aug. 19 1% Dec. 28 9 May 19 6854 Oct. 20 2454 Dec. 22 154 Sept. 11 7 Apr. 11 28 3k Jan. 9 2154 Sept. 30 84 Feb. 13 34 Jan. 27 3 54 Dec. 21 554 Feb. 27 Aug. 1 July 31 10 3 3254 Dec. Jan. k July Fo footnote* see page 53 8 654 Jan. 354 Feb. 13 3654 Dec. 18 54 Dec. 23 16k Nov. 19 1454 Feb. 22 103 9 4 5k Feb. 13 3954 Apr. Nov. 2k Jan. 6 NEW JAN., 1937] AGGREGATE YORK CURB PRICES IN DECEMBER SALES NEW YORK CURB EXCHANGE In 5,400 66,600 f Shares STOCKS (Continued) 50 230 5,420 16,400 1,400 1,420 9,700 4,650 9,100 9,200 42,620 152,400 46,030 21,970 48,100 43,575 97,900 77,400 13,900 1,700 29,800 4,400 450 ,360 480 25,900 5,900 International Highest Lowest Highest Sale Prices Sale Prices Irving Air Chute com.... Italian Superpower cl 19 % Dec. 1354 Dec. m d^. ..1 A * Warrants................. 84,800 Jacobs (FL) Co.. 4,500 Jeannette Glass Co -1 * Jersey Central Pow 8c Lt Co— 554% preferred........100 3,535 6% preferred...........100 5,890 7% preferred ........100 137,000 Jonas 8c Naumburg Corp.2.50 103,850 Jones 8c Laughlln com .100 200 Julian & Kokenge common.* 16 30 29 23 3 i 80 7 100 Kingsbury Breweries 30 Company— Kreuger Brewing Co........ 1 1 Lakey Foundry 8c Machine. 1 Lane Bryant 7% pref..... 100 Langendorf Un Bak cl A * 70 ........_* 154 Nov. 1154 July Refining..........* ...» Loblaw Groceterias A.. B stork .._....* Locke Steel Chain Co......5 Lockheed Air Corp __1 Lone Star Gae..,........i.** Long Island Light com.....* 7% preferred 100 6% preferred series B ..100 Loudon Packing Co com * Louisiana Land 8c Expl com. 1 Louisiana Pr & Lt $6 pref..* Lucky Tiger Combination. 10 Lynch Corp com......«,....5 Majestic Radio & Tel Corp..l 1 * .100 Internet Marine— Communication Am dep ret MargayOU Marion • Steam Shovel com..* Masonite Corp com Mass Utll Associates » t c... * 1 Massey Harris Co common..* Master Electric Co... 1 Mayflower Associates Inc..." ...1 May Hosiery Mills— 1 $4 preferred ww.. ' McCord Radiator & B..* 1 McWilliams 1 Mead Johnson 8c Co com...." 1 Memphis Nat Gas Dredging com..* ...5 com ' Memphis P 8c L $7 pref......* 1 Mercantile Stores Co.......* 7% i preferred........ 100 > Merchants 8c Mfrs class A...1 ' Partic pref ..._* MerrlttChapman 8c Scott... * • 65$% A pref > • 100 .... Common stock pur warr'ts. 1 Mesabl Iron............... I Metal Textile Corp com 1 5 Dec. 21 8954 7554 554 1254 Dec. 1 Dec. 1 Dec. 21 Dec. 2 99 Dec. 2 154 Dec. 3 3754 Dec. 29 454 Dec. 31 8 Dec. 28 1 * preferred ......_.* Metropolitan Edison Co— Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 101 Dec. 154 Dec. 45 Dec. 1454 1154 1254 654 9154 8054 654 1454 Dec. 2154 Dec. 21 Dec. 18 *1554 Dec. 17 1654 Dec. 1 52 Dec; 2 9 3 Dec. 3 654 Dec. 19 18 Dec. 21 70 Dec. 2 Dec. Dec. Dec. Dec. Dec. 23 1054 3054 11954 554 40 54 105 16 preferred Dec. 29 Dec. 12 2454 Dec. 7 9'; Dec. 18 1754 Dec. 31 1954 Dec. 1 6454 Dec. 16 3X Dec, 7 854 Dec. 31 1954 Dec. 12 7454 Dec. 5 Dec. 23 1354 Dec. 1 3654 Dec. 1 3 23 12154 Dec. 754 Dec. 14 2 55 4654 Dec." I Dec. 4 105 7 54 Dec. 4 5 3254 Dec. 17 854 Dec. 11 65 Dec. 11 154 Dec. 22 54 Dec. 1 754 Dec. * Mexico-Ohio Oil ' Michigan Bumper Corp I Michigan On* ft. Oil Corp. ' Mich Steel 7 354 Dec. 31 354 Dec. 12 354 Dec. 16 Co........" 1 Tube Prod 1 17 Middle Stares Petroleum— • Class A vot trust ctfs..—* I Class B vot trust ctfs.....* 12 conv 954 Dec. • pref_. Midland Steel Product—' ........ Mining Corp of Can........* I Minnesota Min Ac Mfg Co * ( Minnesota P Ac L 7% pref.100 > Miss River Powerspref.... 100 ' Mock Judson Voehringer2.50 i Mohawk tk Hud Pow 1st 2nd pref.* preferred............* i Molybdenum ' Monroe 1 Montana Dakota Utilities..10 i Montgomery Ward Ac Co A..* Corp 1 Loan Society cl A__* Montreal Lt Ht Ac Pow com..* Moody's Investors Part pref.* Moore Corp Ltd............* 7% A pref 100 For footnotes see 53 5 75 Dec. 3 ..... Abrasive Co....50c ' i , 2354 Dec. 15 12 non-cum dlv shares....* • MidvsleCo. ' Mid-West 1 9 8 654 Dec. 12 Mi 254 Dec. 15 Midland Oil Corp— » Dec. 154 Dec. 854 Dec. 2.50 Sugar com.......* Preferred .....10 Michigan ' I 1 22 Dec- 23 Dec. 4 17 28 Dec. l Dec. 17 Dec. 2 Dec. 1 54 Dec. 1 lA Dec. 22 454 Dec. 3 654 3254 454 45 3 1 14 15 12 2 31 454 Dec. 28 1054 Dec. 1 87 2 108 7454 Dec. 17 103 1 Part 1 ' 1354 Dec. 11 954 Dec. 18 1054 Dec. 29 55 1 Jan. Jan. Jan. Jan. Mar, 654 X 10754 754 3 * Leonard Oil Development 1* Lerner 8tores 6X% pref..100 Marconi Aug. Aug. 3 Realty com.......1 654 % pref w w MapesCons MfgCo.... Mar. 11 Preferred Mangel Stores Corp com $5 conv preferred 24 2554 Dec. 14 8 354 Mar; 12 6 ' Aug, 11 Jan. 9 8 X Dec. 15 5X Dec. 24 1 Dec. 31 24 Mar. 12 1154 Apr. 4 1654 Dec. 12 21 Dec. 3 96 74 7454 Jan. 29 51 Jan. 7 554 Sept. 18 Lackawanna RR N J..-...100 Lit Brothers com..... Oct. 48 9654 Aor. 16 107X Dec. 14 1054 May 1 1254 Mar. 24 14 Jan. 2x25 June 1 0% preferred...........100 Kress (S H) 8c Co spec pf__10 Lion Oil 7 Dec. 17 70 Nov. 21 4 July 6 254 Jan. 9 X6 May 12 1854 Jan. 3 8 Jan. 3 3X Mar. 11 20 Dec, 31 1 Lehigh Coal Ac Nav 23 Dec. 20 106 X Dec. IX Jan. Kobacher Stores Inc com...* Class B Oct. July 92 Klein (D Emi 11 Co common..* Lefcourt 2 1X Mar. 18 6 OX Mar. 19 7 11454 Dec. 28 10 Klelnert (J B) Rubber 10 Knott Corp com .......1 Lake Shore Mines Ltd 3 46 7% preferred series B...100 5% preferred series D 100 Kingston Products .......1 Kir by Petroleum .....1 Koppers 10 .106 Kings County Lighting Ktrkland Lake G M Ltd Jan. 4 7 May IX Jan. 1 com X 3154 26 X IX 8 Jan. 25X Dec." 14 106X Dec. 8 (G E) Co 7% 1st pf.100 a.* Kimberly-Clark 6% pref. .100 Ken Rad Tube & Lamp cl 3 May 6 Feb. 10 Mar. 9 Feb. 17 33 X Mar. 6 7OX Jan. 76 86 X Mar. IX Jan. 111X Jan. Keith 4 Nov. 24 37 3 854 Nov, 27 X Dec. 3 4X Dec, 9 114 X Dec. 28 100 8 4 Mi Dec. 23 2854 Oct. Dec. Dec. X Feb. 9X Apr. 96 13 X Dec. Dec, 3 Dec., 11 Dec. 30 * ... 1 Dec., 5 Dec. 2 Dec. 31 9154 94 X Dec. 24 98X Dec. 29 103" 8% 654 Dec. 1 ..._.....* v t c Class A pref v t c 9 8 92 Kansas City Pub Serv— Common 3 1 2 1 X6H Dec. 12 9X Dec. 31 87 16,360 Kansas G 8c E 7% pref 7 X Dec. 1654 Dec. 31 254 Feb. 4 87 'Dec. 28 % Dec. 27 X Dec. 19 Dec. V 54 Dec. 7 2254 Dec. 1454 Dec. % Dec. % Dec. 1 c.10 Iron Fireman Mfgcom v t Mi Dec. 7 4 % Jan.1 2 Sept. 17 Mi Jan. 27 5 Sept. 30 27X Feb. 5 19 Dec. 29 X Sept. 11 2254 Dec. 16 14 X Dec. 30 X Dec. 29 8 Dec. 8 *3654 Dec. Dec. 29 2254 Dec. 35 .* * Dec. Jan. 4 Dec. 30 2 ; Vitamin.....1 Interstate Hosiery Mills Interstate Power S7 pref 1654 Dec. 31 96 94 ......... Investors Royalty Co.. 1936 Sale Prices 1054 Dec. 2 IX Dec. 4 Dec. 11 % Dec. 24 6 Dec. 5 .....1 $7 prior preferred........* New warrants YEAR Lowest Par 30,400 Internet Util daai A 413.460 Class B RANGE FOR Sale Prices December Shares 45 EXCHANGE , 454 Dec. 1 354 Dec. 28 4354 Dec. 16 116 Dec." 3 1454 Dec. 17 Dec. 109 1 118 Dec. 19 1154 354 2054 15654 3454 Dec. Dec. Dec. Dec. Dec. 14 28 28 3 10 Dec. 9 42 43 ■ Dec. 22 1854 Jan. 1754 Apr. 1254 Nov. 654 May 954 Jan. 354 Apr. 7254 Jan. 78 6254 854 20100 19 1554 19 3X 13 454 21 25 2 1254 2 2 Mar. 3 Nov. 17 Mar. 12 Oct. 13 Jan. 15 Aug. 19 Dec. 12 Jan. 4 Oct. 24 Feb. 4 30 11354 Dec. 4 2 1754 Dec. 31 17 754 Nov. 13 10 27 23 26 2 28 13 Jan. 14 554 Oct. 31 64 954 Jan. 2 94 May 14 154 Oct. 28 3454 Jan, 3 2254 Sept. 9 1854 Aug. 6 1554 Nov. 28 1154 Dec. 3 1454 Mar. 4 7 Sept. IS 96 July 22 84 July 22 854 Feb. 11 1554 May 6 102 Sept. 15 254 Mar.26 5554 Feb. 1 454 Dec. 31 454 4 Apr. 29 1154 7454 Dec. 17 87 4254 Apr. 30 109 1954 Aug. 7 2754 Dec. 2S Nov. 18 Dec. 29 Nov. 13 Feb. 4 6 954 Jan. 24 June 18 Apr. 30 Oct. 15 2254 Mar. 24 1954 Dec. 1 6454 Dec. 16 4 Feb. 7 754 July 12 5 44 154 Jan. 3 50 June 5 854 Dec. 31 21 Nov. 23 7454 Dec. 5 42 854 3054 7954 Feb. 3 65 Aug. 14 4 1454 Oct. 5 Jan. 2 Dec. 22 1354 4354 Feb. 4 125 hX Aug. 21 854 76 Apr. 11 8254 2054 Jan. 23 4754 8954 Feb. 1105 554 Apr. 27 854 27 May 27 3254 354 Jan, 8 1054 40 Jan. 2 65 >4 Dec. 1 154 £ Aug. 12 54 454 Nov. 18 754 4254 Oct. 15 4254 10054 1X 25s 154 14X X 5 Dec. 23 Apr. 6 Sept. 8 Nov. 19 Apr. 2 Mar. 19 Nov. 30 Sept. 19 Jan. 23 Dec. 17 Apr. 3 Dec. 11 Dec. 22 Feb. 6 Dec. 7 Oct. 15 Sept. 24 102 Feb. Aug. 12 454 Mar. 17 6 Aug. 27 Jan. 7 Dec. 24 Sept. 3 Nov. 2 354 Dec. 12 4X Mar. 28 1854 Nov. 18 254 July 7 % Jan. 3 654 Dec. 12 254 Feb. * 854 Oct. 26 154 Feb. 854 Dec. 13 Feb. 6 8 5 8 6 2854 Apr. t 7754 Nov. 18 354 Sept. 16 154 May 4 554 Oct. 3 354 Dec. 28 2 Dec. 16 Nov. 18 Nov. 19 Sept. 9 Dec. 1 Dec. 19 1354 Feb. 10 x5 May 19 2054 Dec. 28 19 Jan. 3954 July Jan. 9154 Jan. Jan. 13 Dec. 81 Jan. 4154 Jan. 654 July 354 July 14 54 Aug. 22 109 142 30 34 28 149 4354 92 4 116 29 1554 2 109 3 118 18 31 13 2A 2 160 May 27 3554 49 Jan. 4 45 i June 19 150 ^ Jan. Aug. 20 Nov. Oct. 1 Oct. 1 Nov. 9 Apr. 9 46 AGGREGATE In SALES December Shares Shares 18,000 41,800 1,700 23,500 . . . 140 600 100 11,600 181,500 41,500 188,100 1,875 171,500 88,000 15,700 8,300 . 29,000 3,700 26,600 '400 28,600 4,100 7,500 1,000 2,850 745 6,200 28,300 3,100 8,850 250 1,700 3,300 5,500 4,700 24,000 600 300 800 700 500 30 620 140 2,110 Nestle Le Mur Co class A—* Nevada Calif Elec com.-.. 100 7% preferred N Y & Hond Rosarlo M 10 27,260 : h 132,700 12,250 200 ■v 100 134,100 2,913,200 14,125 v 1,350 2,070 5,700 9,300 7,700 "l6",9o6 437,700 1,025 ; ; 100 540 50 1,200 1,650 50 520 1,400 5,375 1,581,900 113,500 3H 1,200 7% preferred . 250 " • ; •;?,• Power 6% .V* 10*4 27 % Dec. Dec, Dec. 76 9*4 Dec. 113 27 110 3754 Sale "13*4 1354 Sale . 1654 154 4k Sale Sale 6*| 454 82 Dec. Dec. 4*4 133 25*4 5*4 41 8*4 1554 Sale Sale Sale 9 Sale 1?^ 17?4 Sale J* Sale A* Sale 16 Sale v Sale Sale 55 Dec. Sale 3554 Sale 49*4 454 Sale Sale Dec. 23 Dec. 113 Dec. 17 13 Oct. 5 1154 Jan. 10 1054 Dec. 21 Apr. Nov. 1101*4 Dec. 77*4 Apr. : 101*4 Dec. 16 Patchogue Plymouth Mills Sale Sale 5k 5 254 1454 51*4 254 1154 4*4 66*4 40 k 39*4 Dec. Dec. Dec. Dec. *4 Dec. Peninsula Telep Co com 3l. * 18 Sale 7% preferred..........100 1 common "7"" ""8*4 3k Sale 17*4 18 50 For footnote* com ...._.* 595 Phlla Elec $5 div preferred..* 935 Phila Elec Power 8% pref..25 74,000 Phillips Packing Co » 293,800 Phoenix Securities common. 1 20,000 Conv preferred A........10 122,800 Pie Bakeries Inc com.... -_* 7% preferied........ 53 Jan. Apr. July Jan. Feb. Apr. Dec. Dec. Dec. Dec. 4 Dec. Jan. 6*4 Dec. % Dec. Jan. Dec. Dec. 3104 Dec. 97 _ Dec. 14107 Dec. Dec. 103 954 Dec. Dec. 28*4 Dec. Dec. 39*4 Dec. 33*4 Dec. J 39 Dec. 1 46 Dec. Dec. Dec. 110 24*4 Sale 45*4 Sale 65"" Sale" 8 5*4 Sale 6*4 61 ""Sale" 9k Sale 454 5*4 57*i"Dec. *21 7 Dec. 2 4*4 Dec. 30 "55"" Sale" 61*4 37 Sale 40 36 6*4 27*4 7 27 554 754 29*4 Sale 40 Dec. 55 Dec. 31 Dec. 18 39 6 16*4 17 24 77 May 554 May 20 Apr. 32*4 June 85 Apr. 4554 Jan. 3*4 Jan. 4 May 6154 Dec. 10*4 Dec. 6*4 Dec. 28 Dec. 64 Dec. 20 35 39 Dec. 754 Dec. 87 8754 rl554 Sale Sale 110 111 89 148*4 Sale" 37 92 Sale 4 28 5*4 Dec. 4154 Dec". *17 1554 Dec. 28 3*4 Jan. 68 k June 4154 Dec. 1654 Dec. 4154 Dec. 1554 Dec. 106 Sale 109*4 Dec. Dec. 159 92 Sale 140*4 Sale 14 16 15*4 Sale 6*4 Sale 13 39 Sale 37 Sale 20 Sale 21 Sale 1854 3*4 Sale Sale 21 *4 Sale 3 354 454 Sale "9*4 Dec. 87 Dec. 23 131*4 Dec. 33*4 Dec. 17*4 Mar. 110 22 Sale 6*4 Sale 38*4 Sale 14*4 Dec; 12 : 3 k Dec. 103 1 29 Dec. Dec. 87 W. 3 10 May 31*4 Apr. 12 Apr. 112*4 Apr Td Dec. Dec. J* Dec. 2454 Dec. '16 "63*4 22 June Tune Sept. 85 50 Dec. , » . 7*4 2k June JanJan. Apr 29 17 15 2 Dec. 14 Aug. 3 Aug. 10 May 16 Dec. 108 92 k 1 Oct. 9 July 28 Sept. 16 Aug. 13 8*4 Dec. 28 25*1 Nov. 12 51*4 Jan. 20 106*4 Nov. 13 6654 Mar. *7Y Dec. 5 31 Mar. 4 29*4 Nov. 2 67 Nov. 18 40*4 Nov. 18 754 Dec. x31 112 IS 15 Dec. 14 Mar. 6 Jan. 4 Feb. 24 77 Sept. 19 44 *4 Oct. 14 22*4 Apr. 15 111 Oct. 13 111*4 Sept 12 179 44 Nov. 18 Mar. 31 1*4 May 20 99*4 Aug. 11 14954 Nov. 17 41 Jan. 18 Jan. 11654 Feb. 36 Mar. 22 9 7 3 1654 Nov. 19 Jan. 9*4 Jan. Dec. 354 Dec. Jan. 55* 16*4 Dec. 39 Jan. 10654 Jan. 114*4 Jan. 42 Sept. 1*4 "May 149*4 Dec. 23 37*4 Dec. 5*4 Dec. 28 37*4 Dec. 29 20 ! .Dec. 1 1754 Dec. 2*4 Dec. 92 Jan. 5*4 July 1 110 Dec. 16 111*4 Dec. 24 16954 Dec. 62" V Tune 451 Dec. Sale , Sale 14*4 Sale Apr. Feb. 26*4 Aug. 5*4 Dec. 454 Sale Dec. ! 554 Jnne : 2954 Jan. 26*4 Jan. 10454 Jan. 31 Sept. 24 954 Nov. 26*4 June ! 5*4 Dec. ! 2 z31 Dec. 17 110 Dec. 29 7*4 Dec. 27*4 Dec. 110 6*4 654 5 Sale Dec. 4 Nov. Feb. Dec. 6 5 24 27 15 17 29 1 1 30 31 July 28 July 14 Sept. 22 101*4 Jan. 12 19 5 10 Oct. 7 954 Dec. 5 39 Dec. 12 30*4 Sbpt. 5 48 Feb. 24 26*4 May 101*4 Jan. 104*4 Jan. 107*4 Dec. 28 109 3 10954 Dec. 108*4 Dec. 1 11254 Dec. 111*4 Dec. 108 Dec. 9 108*4 Dec. 12 Dec. 25 1754 Dec. 954 Dec. 10 1354 Dec. 26*4 Dec. 11 3254 Dec. 6 '4 Dec. 5*4 Dec. 30 8 *4 Dec. 22 9*4 Dec. 18 110 Jan. 4K Tune 21*4 Jan. 1554 Jan. Dec. 3054 Dec. 21 31*4 Dec. 28*4 Dec. 24 2854 Dec. 106"" Sale" 105*4 Dec. 1 108 Dec. 84 Dec. 15 85*4 Sale 8*4 Sale 7*4 Dec. 12 23 23*4 2354 Dec. 28 44 Sale 43 Dec. 21 100 225 Piedmont 8c Northern Ry.100 76,800 Pierce Governor Co com... * 22,200 Pines Wlnterfront Co 1 tee page Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 2.50 13*4 Sale 2,7001 29 105*4 Sale 106 40 11,800 Sale Sale Sale 11054 Sale 16954 Sale ... ... . 39.100 Philadelphia Co • 44 Apr. Sept. May 49 28 * loo Penn Traffic Co 10754 Sale 10954 Sale 28*4 * Grocery cl A .... . '1554 Sale Sale Class _ 15*4 10*4 27*4 6*4 954 45 Dec. 24 54 Dec. 3654 48*4 354 5*4 Dec. 3 18 Dec. Aug. Dec. 17*4 Dec. 35*4 Dec. 109 Dec. May : 9854 Jan. I 71 Apr. 53 Dec. 873 92j 21 125 July 6*4 Feb. 7554 Feb. 1754 Aug. 54 Feb., 3*4 Aug. 15 54 Aug. 52*4 Nov. 3*4 Jan. 1154 Dec. 5*4 Feb. 66*4 Dec. 40*4 Dec. 39*4 Dec. 4954 Nov. 6V4 Jan 854 Jan. Z Jan. 104*4 Nov. 97 Dec. Dec. Dec. Dec. Dec. 3*4 Sale 65*4 Sale 36*4 Sale 3454 36*4 50 48*4 354 4*4 6 5*4 {A Sale Dec. 119*4 Dec. 5*4 Dec. Dec. 2 May 31*4 Sale Sale" 10 Dec. Dec. Dec. Dec. 2*4 954 3*4 54*4 Sale 3*4 Feb. 8*4 17*4 114*4 454 Decl 3154 Sale 48 54 Jan. 20 Dec. 29 12*4 Dec. Sale 47*4 Sale 28*4 Dec. 7 754 Oct. 22 38 52 43 29 k 27 6 20 06 48 *4 Sale 12*4 14 1354 Sale 3254 Sale 554 Sale 8*4 9 554 19 July Nov. 20 Nov. 30 Nov. 17 Dec. 24 Mar. 21 Feb. 10 Dec. 30 1 105*4 108 106 9 8 9*4 :V.:8A;:; 8*4 37*4 Sale 34 37*4 Sale 28 29 27 28*4 26 3854 Sale Sale 35 33*4 ..10 Pender (D) Penn Mex Fuel 107 III*4 Sale "14" 4*4 Feb. Dec. 29 Sale Sale Sale Sale 13 *4 Dec. 28 Apr. 2 Feb. I 18*4 Nov. 28 Dec. 30 Dec. 11 106 1554 Dec. Kt Dec. 2H Sale 45*4 Sale 10854 Sale 104 k 41 28*4 Dec. 7 6*4 Dec. 17 30*4 Dec. 31 46 Feb. 115 19 15 5 11 Dec. 45 92*4 Sale Sale Sale 36 k 2 9 135 Dec. 354 Jan. 25 Aug. 12 1 Dec. Dec. 15 L13*| 23*4 Dec. 24 86*4 Dec. 11 Dec. 104 ^ A* 59 2 Dec. 31 136 Dec. Dec. Dec. Dec. Dec. 1654 Sale k Sale 2*4 2*4 m Sale 954 5*4 22 *4 16 *4 Sept. 30 9*4 Dec. 7 13*1 2*4 Dec. Dec. 48 % Sale it" ^8*4 Sale 115, 5*4 5rA 4k Sale Sale Sale 92 30*4 Aug. 28 1054 Dec. 18 1554 Feb. 11 3 Dec. Jan. 30 Dec. 4 Nov. 23 *4 Feb. 13 6*4 Dec. 11 Dec. 28 18 4454 Dec. 10 Sale 49 k 103 7454 May 13 5*4 Jan. 3 3 *4 June 18 11 14 Dec. 1454 Dec. 4*4 Dec. 27 9*4 _ §S8 3k 95 36 4 112^ 854 Sale 39 54 25 3 27 92*4 Dec. 2 454 Dec. 24 30*4 Sale 51*4 Sale 254 Sale 34H Dec. Dec. 103 9H 1654 119*4 120 4H 4k 65 68 2 J an. 11 18 44 45 Jan.:; July Dec. 31 Dec. 76*4 Sale 254 Sale 106*4 27*4 24*4 554 554 14*4 Nov. 23 23 Jan. 15 66 Dec. 30 4 Sept. 16 Feb. 1 May 28 111 Dec. 5 1 Aug. 26 Mar. 7 Dec. 11 Dec. 113 21 23 Sale 28 24 Tune 23 Dec. 18 Dec. 15 Dec. 4 Dec. 29 Dec. 14 89 Nov. 13 8 5554 Nov. 25 14*4 May 19 Dec. 7 1054 11*4 154 154 Dec. 15*4 Dec. 154 Dec. 2 4*4 22 Sale 1st preferred.. Parker Pen Co 854 Sept. 18 7 Dec. Dec. 15 59 2754 13 _ Sale 18 IK Sale "8*4 Sale" Page-Hersey Tubes Ltd * Pan Amer Airways com 10 Pantepec Oil of Venexuela,.l Paramount Motors Corp....l 9 2 *4 Dec. 11 Dec. Dec. 1 15 100 * 47 Oct. 5 Mar. 16 May 1 13*1 Dec. 10 14 *4 Sale 2*4 3K 37 Sale 36*4 37*4 Pacific Public Service. Pacific Tin special stock Dec. 29 Feb. 1 $8*4 Dec. 31 1 Dec. 1 *4 Dec. 50 Dec. Sale 106*4 25 Oct. 25 Jan. 17 4 5 25 Sale 25 K preferred. 100 Pacific G & E 6% 1st pref..25 46 6 Jan. 1 3554 Dec. 854 Dec. 131 60 Pennsylvania Sugar Co....20 350 ■■ Dec. x8454 Dec. 24 Sale 9*4 Sale Sale, 1*4 * 100 10*4 May 20 *4 Dec. 12 654 Aug. 1 8 Feb. 4 158 Dec. 11 ~ Jan. Apr. 23*4 Apr. 30 Dec. 30 Dec. 5 Dec. 5 Dec. 1 9*4 Dec. "10k 3*4 20,800 Pa Water Ac Power.. * 35,035 Pepperell Mfg Co..... .100 6,100 Perfect Circle com.........* / r 18*4 Dec. 33 -Dec. 55 52*4 27*4 Sale Sale 2*4 1,500 , Sale *4 * Sale * Edison $6 preferred Ohio Oil 6% pref 5 10 54 Dec. 1*4 Dec. 5*4 Dec. 12*4 Sale 17 k 2 11 1,100 3,600 450 i: "■■V ... iiH Sale" ...100 Brass class B . ' 950 ' 88*4 k Sale 100 23,100 Pa Gas tk Elec class A * 2,217 Pa Pow & Lt $6 pref * 16,090 $7 preferred * 4,975 Pennsylvania Salt Mfg.....50 850 ^;{;Cv "v> •';> Sale 8 4*4 common— Nor Ind Pub Ser 4% pref. 30 7 138 38*4 Dec. 3 7*4 Dec. 21 354 Dec. 1 5154 Dec. 17 1*4 Dec. Prior preferred 50 Nor Amer Util Sec com—_.* North Cent Texas Oil......5 Pennroad Corp com vtc_. ( 300 Penn Cent L & P $5 pref....* 275 $2.80 preferred * 25 ; 86 Sale 800 Pacific P & L 7% pref 40,700 5,100 41,100 9,150 v:,-r Sale "16*4 Sale" 105 Class B % Dec. 14 Dec. 254 Dec. 100 154 Sale 854 Sale 33*4 34*4 Sale 7% preferred...........100 5*4% 1st preferred 9,890 Pacific Ltg Corp $6 pref.. 360 6,200 ^cykf^yjiZ:: lk Sale 5 k Sale Sale 109 Sale Sale 4,830 Oilstocks Ltd common....—5 65,100 Oklahoma Nat Gas com 15 22,700 $3 preferred ........50 131,925 Oldetyme Distillers.........1 27,710 Overseas Securities Co..— 600 4,800 12,200 2,000 7,700 3 *4 95 Sale * 430 Ohio Pub Serv 7% 1st pref 100 . 7,200 1,300 ' Sale 102 1 Sale 98 3,690 Ohio 1,300 16,800 4,450 19,800 3,900 ;i 3 k 4 N Y Merchandise Co com...* N Y Pr & Lt $6 pref * N Y Shipbuilding Co Founders shares.......—1 11 7*4 Oct. 3*4 Jan. ~l354~D~ec".""I Dec. 12 8 ... N Y Auction Co common—• Dec. x56 k Dec. Sal? .....5 Newmont Mining Corp....10 New Process Co common....* Dec. 14 Dec. 12 Dec. 15 Dec. 2 43 *4 Dec. 1754 Dec. Sale "6*4 Sale" New Haven Clock Co com—* New Jersey Zinc 35 New Mexico Ac Arl* Land 1 15,375 Ohio 6,075 Ohio 610 20 ''V: Sale ....100 New Bradford Oil ..... 1,750 850 2,600 >■-?''V;. Sale 11* 66 100 . • 3,125 Northern N Y Util 7% pfd.100 30,800 Northern Pipe Line ...10 253,300 Nor States Power com A.. 100 61.700 Northwest Engineering * 89,600 Novadel Agene Corp......—* 1,900 4,600 ■' 13 Sale «8» ...—.—* Neptune Meter class A 1,345 1,100 25,000 ■ Sale Sale Sale Nelsner Bros 7% conv pref 100 Nelson (Herman) Corp .....5 754 *4 454 654 22 , 100 j' *• vfA. 87 66,800 33,300 416,300 North European Oil com..—1 , 205 North Pennsylvania RR—50 2,300 159,700 Sale National Union Radio com—I 24,950 N Y Steam Corp com...... 16,990 N YTeleo *54% Vft IN 15,200 New York Transit ..—5 5,850 N Y Water Serv 6% pref.. 100 1,355,608 Niagara Hud Pow com—.15 219,400 Class A option warrants... 35,900 Class B option warrants— 265,800 Niagara Share Corp class B 5 81,825 Nlles-Bement-Pond com 172,300 Nlplsslng Mines............1 227,900 Noma Elec Corp com —1 425,100 Nor Amer Lt Ac Pow com 1 157,900 $6 preferred............—* 2,300 North Amer Rayon cl A... , ' 29 29 21 24 18 8 Sale Sale Sale 2 85 615 New Engl Tel & Tel Co... 100 46,400 100,950 219,800 113,125 8,100 32,200 19,250 10,100 1,830 1,720 3,600 2,550 1,325. 6001 550 154,000 45,500 3,100 21,300 5,600 8,200 25,400 21,700 6,600 2,100 2 19*4 Dec. 31*4 Dec. 7*4 Dec.' 254 Dec. 50 Dec. 7*4 2*4 51*4 "23*4 Sale" •>: v 500 190 30 4154 Dec. 20 111 National Sugar Refg com : Dec. 22 158 58 d\ Corp 7 18*4 34 19 *4 Sale 2 * Dec. Jan. 1*4 National Tea Co 5*4 % pref.10 National Transit 12.50 4*4 Dec. 7 554 Dec. 23 43*4 Sale 23 *4 Sale 6k 7k Sale Sale Nat Manufacture & Stores..♦ National Oil Products......4 National Service Co Highest Sale Prices 654 Dec. 28 3H 50 k National Leather Co com..10 ... Lowest Sale Prices Sale 38 * —. Highest Sale Prices 154 21 National Gypsum class A—5 National Investors com 1 Nehl 1936 Lowest 6*4 Sale Sale 'Ilk Sale" Sale ..1 Conv partlc preferred • National Steel Car Ltd.....* 44,150 1,950 35,200 32,300 16,600 2,010 1,275 64,500 500 100 !,vK " z78 ; 160 5,400 12,400 28,600 12,925 1,300 1,300 3,300 654 Nebel (Oscar) Co com —* 520 Nebraska Power 7% pref—100 , 20 s #i; Wm 5*4 Sale 28 261,960 20,600 5,400 92,500 1,145 70,500 121,400 15,000 96,100 10,200 850 9,400 mmmm 6k 42,950 * 4,300 National Refining common 25 341,500 Nat Rubber Mach com......* 500 YEAR Sale Prices Ask lZ Nat Container Corp.....—1 National Fuel Gas $5.50 preferred Warrants i Dec. 31 Ask Bid ...» com Nat Power Ac Light— $6 preferred 88,500 1 Bid 7*4 Sale Brass Co common.. 1 700 National Candy ■4,666 . Dec. 1* Ask 9.600 National Baking Co com—1 1,191,900 Nat Bellas Hess com ....1 19,000 Nat'l Bond & Share Corp • ,000 . Bid 12,800 Nachman Sprlngfilled Corp. 35,800 Nat Automative Fibres A—_* 1,400 . Par 980 Mountain Sts Tel & Tel.. 100 217,600 Mueller 5,800 . 1936 STOCKS (Continued) RANGE FOR Price Jan. 2 63,300 Moore (Tom) Distillery Co__l 41,800 Rights 4,700 Mtge Bank of Col Am Shs_. 166,110 Mountain Producers Corp. 10 16,200 , PRICES IN DECEMBER NEW YORK CURB EXCHANGE 12 Months 1936 Apr. 40 6 Feb. 18 8 2454 Dec. 92 Sept. 3 654 Dec. 14 22 Dec. 5*4 Sept. 31 2 AGGREGATE NEW YORK STOCKS (Continued) Par Gold Mines Ltd 9 54 1 Pitney Bowes Postage Meter* Pitts Bessemer & L E RR 50 ' Bid 754 Pitts flc Lake Brie Inc.... ......... Power Corp of Can com Pratt Ac Lambert "4"" Sale * 37 36 ........ Prentice-Hall Inc Sale 5*4 Dec. 1 Dec. 1 554 Sale Sale 8 Sale 9 r 14 K Sale 19*4 92*4 Sale 89*1 126 132*4 Sale 2 2K 154 17*4 16*4 1754 4*4 354 Sale 11K Sale il* 20*4 21*4 29 Sale 19*4 Dec. 31 92*4 Dec 1 1 2*4 Dec. 11 18*4 Dec. 3 4*4 Dec. 17 1254 Dec. 14 30 Dec. 31 14*4 Dec. 13 11X4, Jureu. 85*4 Dec. 22 Sale Sale Dec. 22 132*4 Dec. 125 1*4 Dec. 29 2*4 16 Sale 2 3*4 Dec. 10*4 Dec. 30 19*4 Dec. 11 Sale Sale Dec. 29 Sale Sale 1*4 Sale 37*4 Sale 3*1 Sale k Sale com 37*4 Prosperity Co B common...* Sale K Sale x % Corp........ 1 McCallum Hosiery Providence Gas Co.... Dec. 21 34 34*4 35 4*4 Sale June 1 2 Dec. 29 16 2*4 Nov. 25 8 Aug. 17 3 11*4 Jan. 154 Jan. 37*4 May 19*4 Jan. 20 *4 Aug. 26 34*4 Sale *4 Sale *4 Sale 15*1 Sale 954 10, 11*4 ...... 98 54 96 Sale Sale 106 5's Dec. 22 1654 11*4 12*4 Dec. 23 107*4 11 4 Dec. 11 1 Dec. 30 Dec. 14*4 Dec 1054 Dec Sale* 103*4 102 100 6 54 Dec 54 54 14*4 Sale 12"" Dec. 3454 Dec. 29 16 '4 Aug. 8*4 954 854 98 Dec. 10 Dec. 16 Dec. 19 Dec. 7 4 Apr. Apr. May Sept. 22 17 27 30 Jan. 24 Jan. 29 July 29 Dec. 31 Oct. Apr. 3*4 Jan. r20*4 June 6 54 Jan. 1254 Dec. 30 Dec. Oct. Sept. 29 102 2954 Oct. 13 373 37*4 Dec. 1 4*4 Dec. 30 354 Dec. ...* $6 preferred.............* 4*4 Deci 21 12*4 7*4 Jan. ' 8 10*4 Apr. 28 42 Jan. 5 19*4 May 12 96 Jan. 20 140 _ 20 Prudential Investors com...* Highest V Sale Prices , 36*4 754 66*4 98*4 .......* Pressed Metals of Amer Mill** Co Lowest Sale Prices 100 ,900 Premier Gold Mining.......! Propper Highest Sale Prices 4*4 Dec. 21 7*4 Dec. 21 Ask 100 6% 1st preferred Producers Sale 254 Sale Potrero Sugar Powdrell & Alexander com..5 5 54 9 i Sale Sale Sale 69 99 Pleasant Valley Wine Co... Ask Bid Bid Sale 37 Pittsburgh Plate Glass eomlS Plough, Ask 7*4 Sale Pittsburgh Forginga Co... Lowest Sale Prices Dec. 31 1936 1936, Shares 1936 Jan. 2 ' Shares YEAR Price CURB EXCHANGE 12 Months December RANGE FOR PRICES IN DECEMBER SALES ; In EXCHANGE CURB YORK NEW JAN., 1937] 16 8 14 29 24 14 31 13 Nov. 30 Dec. 30 43 41 July 10 3854 Nov. 30 5 A Feb. 13 16*4 Oct. 16 11*4 Sept. 28 12*1 Nov. 9 108 Nov. 28 1 *4 Feb. Public Service of Colorado— 6% 1st preferred... 7% 1st preferred Public Serv of Ind pr $6 preferred.. 103*4 Dec. 100 37 *4 Sale ... Public Service of Nor 111 * Com $60 par stock.....60 6% preferred..........100 7% preferred..........100 63*4 Sale 36*4 Sale 82 Sale 81 Sale 6454 Sale 62 34 Sale 31*4 Dec. 24 Sale 78 Dec. 86 81 Dec. r8254 83 Dec. 29 104 Dec. 30 rl09 rl09 100 pref..* Dec, 19 8 Dec. 30 65*4 Dec. 31 36*4 Dec. 1 85 81 14 • Dec. Dec. 17 1 100 Jan. 103*4 Mar. 37*4 Jan. 14*4 Jan. 48 : Apr. 48 Apr. Ill 13 Oct. 15 71X Oct. 22 Ill Oct. 19 Dec. 17 Dec. 1 45 85 81 119 Apr.; 115 105*4 Oct. Apr. Sept. 4 117*4 Apr. 16 Public Service of Oklahoma— 100 6% prior lien pref.. 100 7% prior lien pref ...100 Public Util Sale Dec. 100 Dec. 29 104 98 102 * Sale 22 50*4 Sale S5 preferred Pyle National Co common.,5 Pyrene Mfg.... 3 354 Sale Puget Sound P Ac L $6 pf 10 43*4 Sale Sale 81 "in "Eh Sale: 48 Sale 8*4 Sale 135 Sale 123 125 121 eferred 142 Sale 145 150 140 24 124 152 Sale 23 Dec. 29 4254 80*4 18*4 8*4 85*4 Sale Oats com......... Sale ........100 14 K Power Co 16*4 19*4 23 Railway Ac Light Securities.* 21*4 Sale H A Rainbow Luminous Prod A.* 20 9 * ....... pref.. Raytheon Mfg. .........* Dec. 23 27. Sale Reeves (Daniel) com........* "7 H Relter Foster Oil Corp.. Sale Reynolds Invest Sale 1 Sale ...1 com Rice Stix Dry Goods 10*4 Co.....* Sale 17*4 Dec. 38 41 Sale Sale Sale Sale 33*4 8*4 % 5*4 2*4 12 Sale Sale Dec. 7*4 54 5*4 2*4 11*4 5*4 Sale 2*4 Sale 12*4 Sale 5*4 Sale 115 17 141 14*4 17 41 Sale com Oct. 17 754 June 23 Dec. 4 34*4 Nov. 28 954 Nov. 10 1*4 Mar. 30 7 Apr. 4 *354 Mar. 25 13*4 Dec. 31 254 Jan. 15 6*4 Mar. 6 5*4 Sale 1 13*4 Dec. 31 6*4 Dec. 1 20 July A Jan. 4*4 Jan. 1*1 Jan. 6*4 May *4 Aug. 4 Rochester G Ac E 6% pref. 100 46 ,June 6*4 14 5*4 Dec. 254 Dec. 3*4 July 104*4 Apr. 23 100 106 Oct. Tel 6J4% pref..100 B 113 Sept. preferred 1 8*4 9*4 3*4 Sale 14*4 Sale 17*4 18*4 Rogers-Majestic class A....* Roosevelt Inc Field Root Petroleum Co $1.20 1 preferred 20 lossla Internet Corp ......* Royallte Oil Co Ltd.... * Royal Typewriter com..... conv 39 8 Sale Rustless Iron Ac Steel Corp..* 4 Sale Ryan Consol Petroleum... 1*4 Russelca Fifth Ave Inc Sale 1*4 *a St Lawrence Corp Ltd ...* St Regis Paper Co..........5 *354 Schlff Co Sale 94 91 36*4 Sale 11*4 Sale 3 3*4 12*4 Sale 11 Dec. 4*4 Sale; 3 Dec. 95 x *4 7 Sale 'A Sale Sale Sale 8*4 Sale "9*4 Sale ............5 .__* Schulte Real Estate Dec. 1 18*4 Dec. 10 % 5054 95*4 37*4 13*4 454 7 Dec. Dec. 15 Dec. 18 4 Dec. Dec. 28 Dec. 14 8 Jan. Jan. Jan. Jan. June 10 Jan. 1*4 Sale 29 30 *a 'a 3 36 Sale 39 % Sale • 2*4 35*4 54 46*4 4 38*4 54 Sale Dec. 11 Dec. 15 Dec. Dec. 22 17 29 14 17 52 82 Dec. 28 48 2*4 5*4 29*4 3*4 Dec. 19 9 Dec. 5 Dec. Dec. 28 3 Oct. 15 17 Dec. 28 Apr. Oct. 71 nrA Aug. 26 Dec. 48 Dec. Sept. 21 1*4 Jan. 26 May 5 Dec. Dec. 1 9 Nov. 19 Jan. Nov. Apr. 30 [23 A Feb. *4 Nov. 28 2*| Aug. 20 7*4 Dec. 10*4 Dec. 3*4 Jan. 4 55 May 28 L1854 Dec. 454 Dec. 17 3954 Dec. 28 74 Dec. 21 8 3*4 Dec. 25 Nov. 06*4 Oct. 1 13 Sept. 11 854 Oct. 28 4*4 Feb. 21 19*4 Apr. 1 23 Apr, 7 154 Mar. 6 3*4 Jan. 1*4 Jan. . _ 354 37 06 70 Dec. D ec 16 120 i; A Dec. *4 Dec. 654 Dec. 11 7*4 Dec. 10*4 Dec. 8*4 Dec. 115 Dec. 8 11854 Dec. < 4*4 14*4 A 2654 38*4 60 * com.. Scovllle Mfg Co 15 2 2 354 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. * common com 6*4 Sept. 3*4 1254 17*4 A 3254 86*4 3254 100 Sanford Mills Co Savoy OH Co 8 3*4 Sale 1354 Sale 1754 Sale 54 Sale 115 Safety Car Heating At Ltg_._* St Anthony Gold Mining... 1 7% preferred 6 Sale .....5 com 8 Feb. 21 Dec. *4 Feb. Jan. 3 1 Sept. 254 Apr. 4 3354 Dec. 31 1 8*4 Dec. 11 24 24*4 Dec. 30 25 Dec. 31 Dec. Nov. 28 5*4 Feb, 454 Dec. 15 20 9*1 Nov. 18 2*4 Jan. 30 154 Feb. 10 Jan. *4 Jan. n 5 Dec. 7*4 July 10 50 Dec. 15 92*4 Dec. 14 22*4 Dec. 3 June 27 137*4 Jan. 24 Dec. 17 Jan. 4 152 Dec. 31 Jan. 22 24 4 Aug. 24*4 Dec. .30 Dec. 21 Dec. 3 Dec. 18 Dec. 22 Dec. 3 "*54 Sale Sale Sale 4 Dec. 14 7 Dec. 8 Dec. 1 32 Sale ; Jan. 5*4 Jan. 24 1*4 1*4 *4 Dec. 23 .3*4 Dec. 29 8*4 Dec. 24 10*4 Sale 3354 Sale 2 15 10 Dec. 31 38 4 40 16 2 14 Sale Oil of Calif pref..35 Richmond Radiator 24 4*4 "3*4 Sale" Reybarn Co.. Inc Dec. *4 Dec. y& Jan. 50*4 Jan. 22 15 24 18*4 Dec. 10 17*4 Sale 50c v t c Bank Oil Co.. • Reed Roller Bit Co new.....* Dec. 92*4 Dec. 14 22*4 Dec. 3 9*4 Dec. 10 28 124*4 Dec. Dec. 2 152 j Dec. 145 *4 Sale 8*4 Sale 50 1*4 June 17 4 118*4 Dec. "~K Sale' Class B common.........-* Concrete Pile— 4*4 Dec. 3 Dec. 2 Dec. Dec. 19 Dec. 16 Rya Ac Utll Invest cl A com_.l conv Jan. Jan. Securities— $7 part preferred........ $3 92 98 Dec. 31 Dec. 10 30 Apr. 29 42 Jan. 6 28 3 29 14 17 8 6*4 Apr. 2 Oct. 17 1*4 Feb. 52 Dec. 6 41 2 Scranton-Spring Brook 1,425 53,750 8,800 396,000 155,300 5,000 308,600 19,010 42,070 4,200 62,600 82,500 137,200 302,650 32,400 140,210 2,470 4,825 16,200 Water Serv $6 pref ...... Securities Corp Gen'l com..* Seeman Bros common......* Segal Lock Ac Hardware 354 46 3 1 com Seiberllng Rubber com.....* Selby Shoe Co com. 554 Sale Selected Industries........1 354 Sale $5.50 prior stock 96 ... . American dep rets Sale *4 Sale Sale 1 com. Seversky Aircraft Corp 1 Shattuck Denn Mining 6 "5*4 Sale Shawinigan Water Ac Power.* Sherwin-Williams Co com..25 125*4 Sale 5% cum pref A A A 100 Sherwin-Williams of Can.. Shreveport Eldorado Pipe Line stamped Simmons-Boardman 96*4 Sale Sale 354 Sale 48 50 254 Sale 7 Sale 3*4 Sale 9754 Sale 97*4 Sale 95 10 Sale Dec. 14 154 54 9*4 4*4 15*4 2454 % Sale Sale 12*4 Sale Dec. 95 £1 Sentry Safety Control Set»n Leather 78 8 Allotment certificates Sel fridge Prov Stores, Ltd— 4 49 Sale Dec. Dec. Dec. Dec. Dec. Dec. 454 Sale Sale 18*4 Sale Sale 2954 25*| ; 2554 29 136 139*4 Sale 14054 Sale 4*4 1654 112*4 Sale 15 29 23 28 1 vl 16 Dec. 21 111*4 Dec. 29 24"" 24 Sale Dec. 31 *4 Dec. .25 12 Dec. 2*4 Jan. 6 41*4 Apr. 30 1*4 Jan. 3 Dec. 31 Dec. 17 29 3*4 Dec. 4 98*4 Dec. 31 98*4 Dec. 31 81 Jan. 2 78 Jan. 2 4*4 Dec. 15 Dec. 28 7 31 24 SI nger Mfg Ltd. Am dep rets ord reg shs._£l 225 Sioux City G fioE 7% pref.100 Smith 84,700 22~806 432,950 1*206 6,300 • 930 ,1,500 1,700 2,200 13,600 6,600 100 ; 3,700 ~4"365 i v t c • 3,000 Sonotone Corp So Amer Gold At Plat 1 90 South New Engl Telep Co. 100 10 17,200 Southern Pipe Line * 26,300 Southern Union Gas com 101,700 Southland Royalty Co.....5 25 91,800 South Penn Oil 50 1,350 So West Pa Pine Lines Spanish At General Corp Ltd Am dep rets ord reg shs..£l Am dep rets ord bear...If 48,200 Spencer Chain Stores -40.050 SQUai»nCocl9«« \ nref For footnotes see page 53. 7 Dec. 31 Mar. 23 454 Feb. 11 98*4 Oct. 22 99 Oct. 9 2*4 Mar. Feb. 4 10 Apr. 15 31 Dec. *4 Dec. 24 *4 Aug. 24 355 21 405 Dec. Dec. Dec.1 6 7 Oct. 8 8354 Sept. 3 8354 Sept. 3 Nov. 18 Aug. 21 427 4*4 18*4 1954 Sale 554 29*4 Sale 28*4 6 1 7 6 V; Dec. 1 96*4 Dec. 4*4 7 96*4 Dec. 24*4 Pec. 23 30*4 Dec. 6 Oct. 5 40 328 354 Jan. 16 96*4 Dec. 7 7*4 July 31 98*4 Oct. 9 (L C) Ac Corona Typewriter ...1 396,100 25 28,800 Sou Calif Edison pref B 5 4% pref class C ' 25 35,700 3,180 5% original pref..... 25 17,250 Southern Colo Pow cl A. .25 50 7% preferred.. 100 53,600 :•. 700 Mar. 6 554 Sept. 8 20*4 Dec. 14 July 7 285-4 Nov. 9 May 12 145*4 Mar. 27 Apr. 3 July 8 116 June 5 25*4 Nov. 9 Oct. 2854 19 25 Smith (Howard) Paper Co..* " Jan. 4 *4 7 40 Feb. 26 35 100 10,600 JdO 10 Nov. 28 154 Dec. 29 *4 Apr. 24 7*4 Jan. 2 *4 Dec. 24 8 Jan. 85 Sept. 24 554 Feb. 11 49 Nov. 27 Pub 3,070 Singer Mfg Co 7,200 2 154 Dec. X Dec. Dec. Dec. Dec. Dec. Dec. 113 Dec. Corp conv pref * 10 Simpson's Ltd 6*4% pref.. 100 , 2 12*4 5*4 20*4 2854 14354 200 - 21 * 2 Sale 4*4 "2"" Sale" "2" Sale "I*4"Pw." 1 2*4 Dec. Sale 28*4 Dec."15 2754 z26*4 Dec. 17 38*4 Dec. 3 "28*4 "2854 27*4 27*4 2554 Sale 28 27 IT" Sa& "4*4 "T~ "5~" Sale 2854 2754 1 27*4 4*4 Dec. , 4 2854 27*4 3954 5*4 Dec. '30 5 Dec. 5 Dec. Dec. 14 • Jan. 28 Oct. 8 Jan. 6 Jan. 6 Mar. 16 Jan. 2 Feb. 24 16*4 154 4*4 27*4 25*4 34*4 2 54 May 4 75 Oct. 16 141 454 ""4*4 4*4 Sale 654 Sale 34*4 34 54 5*4 2*4 9*4 4354 42 56 54 Sale 54 • 54 954 Sale 3654 Sale Sale Sale Sale Sale >44 1 4*4 Dec. Dec. 2 154 ~ 7*4 Dec. 21 . 40 44 0$ • May 3*4 June 5*4 Dec. 2*4 Dec. 9*4 Dec. Dec. 21 44 Dec,. 28 45*4 Dec. *4 Dec. 29 A Dec. 1 Sale "8 *4 "Dec"." *4 Sale : 36 Dec. 7 Jan. 6*4 Jan. 32*4 Jan. Dec. 44 16 ■ 9*4 Dec. 31 3854 Dec. •14 i 2954 28*4 41*4 654 76*4 8 155' 7} 9 27 21 2 113 July 10 July 22 Apr. 8 July 2 July 15 Aug. 10 Feb. 11 Feb. 7 Mar. 23 21 44 Dec. 29 Dec. 28 60 May 26 *4 Jan. 13 *4 Feb. 1 8J4 Dec. 4 29 6 8 3*4 Feb. 24 654 Jan. 27 34*4 Mar. 16*4 Oct. Jan. 4 Feb. 6 Mar. 7 10*4 Sept. 23 3854 Dec. 14 * 48 NEW YORK CURB SALES AGGREGATE PRICES IN DECEMBER NEW YORK In 12 Months December Shares RANGE FOR YEAR 1936 Price 1936 Shares EXCHANGE CURJB EXCHANGE 2 Jan Dec. 1 1936 Lowest Dec. 31 Highest Lowest Highest Sale Prices Sale Prices " 2,200 2,800 1,800 : 600 250 v STOCKS (ContUiWHf) 4.000 29,500 12.470 4,400 4,750 16,260 231,300 32,600 171,300 5,395 315,200 100,300 1,600 16,000 1,400 22,300 125 105,600 24,300 2,000 12,000 51,400 9,200 7 Stahl-Meyer Inc Par * com Standard Brewing Co......* Standard Cap Ac Seal 5 com Ask Bid 3)4 Sale % Sale 33)4 Sale Bid 2% % 3)4 3 9 Dec. 4 Dec. 21 Dec. 30 Dec. 14 Sale 4% Sale Sale Sale Sale Sale Sale Dec. 10 108)4 105)4 Sale I 3)4 Sale 334 67)4 5834 Sale 20% Sale )& Dec. 23 Dec. 1 Dec. 1 Dec. 4 Sale Sale 2)4 Sale 63 ..* 46,300 Standard Products Co 1 250,320 Standard Silver Lead....... I 21)4 Sale % Sale Dec. Dec. 4 1 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 9 16 Dec. 4)4 Dec. Dec. 2 Dec. Prices Dec. 15 Dec. 14 Dec. 21 Dec. 31 Dec. 15 Dec. 4 1 Dec. 21 Dec. 29 106)4 100 Sale Sale com., l Class B common..........* i Sale Standard Oil (Ohio) com. .25 Preferred.. 2% Dec. Sale Cony preferred... Stand Invest $5% pref w w__* Standard Oil (Kentucky) 10 Standard Oil (Nebraska).. .25 5% pref Sale Prices 4 Sale 38 % Standard Dredging com....* Standard Power ft Lt Ask Ask Bid \ 1 2 16 31 31 14 12 234 Apr. 28 34 July „ 33 Jan. 1 18 3)4 1234 3534 17% Dec. 30 July 1 Jan. 2 Apr. 28 11 July 3 21% Jan. 3 97 14 6 17 8 8 6334 Dec. 4 2334 Jan. 15 14% Feb. 5 40 Oct. 6 107 % July Jan. 2% May 4 234 Apr. 24 Apr. 29 1934 Oct. 27 25 14 Jan. Feb. Feb. Apr. Apr. 434 134 4134 6% 1834 % Jan. 6934 Dec. 14 2634 Dec. 12 2 400 V 400 70,000 200 42,700 1,400 2,550 20 Starrett (The) Corp 1 475 Steel Co of Can Ltdord.....* j: . 20 10,100 37,900 2,700 1,700 5,100 11,000 4,300 phate & Acid Works 77,150 6,700 Stein (A)& Co com / 4,650 2d preferred 400 Sunray Drug Co common.__1 974,100 Sun ray Oil ;y 1 5 % % conv preferred 7 1,500 50 1,000,400 Sunshine Mining Co.. 10c 9,400 Swan-Pinch Oil Corp 15 .... 24,690 58,600 Swiss-American Bl«r prsf.lM ... 26,400 312,200 197,800 796,200 257,000 2,995 250 24,800 . 11,500 5,475 6,000 5,300 100 18,100 Tampa Electric Go. • Tastyeast Inc class A new..l Taylor Distilling Co_.._..._l Technicolor Inc common...* Teck Hughes Gold Mines...* Tenn E) Pow 7% 1st pref..100 Tenn Products Corp com... * 69,100 781,120 Texas Gulf Producing... * 1,160 Texas PA 1.7% pref 100 198,800 Texon OH Ac Land Co .2 52,525 Thew Shovel Coal Co com..* 37,500 Tllo Roofing Inc. 1 9,700 Tishman Realty & Constr..* 2,075 Tobacco A Allied Stocks.. ..* 20 % 105 3)4 11 Sale 18 110 Sale 103 4)4 1)4 20 26 22 1)4 Sale 17 6)4 Sale 4)4 Sale 21)4 Sale 3 3)4 Sale Sale 3)4 28)4 Sale Sale ""2)4 Sale ""3)4 Sale" 44 Sale 223 53 52 6 47 22% Sale 9% 10 Sale Sale 351 33 18)4 Sale 5 Sale 14 Sale 53 6)4 Sale 37)4 2)4 4)4 53)4 37)4 Sale Sale 22 Sale 5)4 Sale A% % a "6" Sale 6 44 13)4 440 19,100 16,900 400 275 Trans-Lux Pict Screen com. I Trl-Continental Corp Warr. Triplex Safety Glass Ltd— Am rets for ord. 20% 13% 10 Dec. 20 2034 Dec. Dec. 3 105% Dec. 11 Dec. 31 \ Dec. 1 3 1 40 Dec. 2 29 11% Dec. 4 6 Dec. 1 634 Dec. 4)4 Dec. Dec. Dec. Dec. Dec. Dec. 31 Dec. 14 47 45 Dec. Dec. 19 Sale 20 Dec. Dec. 1 10 Dec. Dec. Dec. 9 Dec. 2^ 14% 12 )4 Sale 55)4 57 37% 38% Dec. 234 Dec. 2 Sale 4 Sale Sale 21; 5% Sale 11% Dec. 30 53% 3734 1)4 3)4 Dec. Dec. 7 2 Dec. 24 Dec. 21 19% Dec. 29 5 Dec. 14 73)4 Dec. 1 Dec. 6 Sale Sale Sale 46 Sale 12% Sale 9% 10% 3 2 3)4 Sale ""3)4 Sale "3)4 Sale" *¥A 21)4 a Sale 18)4 14% 57% 38% 2% 4)4 23% 5% 75% 334 1 1 1 Dec. Dec. 28 Dec. 30 1 Dec. 1 Dec. Dec. 10 1 Dec. 4 Dec. 7 Dec. Sale 110)4 Sale % % 3)4 Sale 1)4 Sale 1)4 Sale Sale 2% 2)4 4% 134 6)4 8)4 8)4 11% Sale 4% Sale 2% Sale 9 Dec. 6% Dec. 50% Dec. 8 Dec. 29 214 12 1 12 Dec. 67 Dec. 8% Dec. 67 Dec, 3 : Dec. 9 3 Dec. 9)1 47)4 Dec. 11 103 Dec. 54 2 107 Dec. 1 Dec. 31 Dec. 31 Dec. 3 Dec. 10 Dec. 1 39 8 12% Dec. 4 4934 Dec. 734 Dec. 10 lO Dec. 10 15)4 Dec. 3 9 Dec. 29 10 Dec. Nov. 27 Oct. 8 Nov. 16 May 26 43 15% Nov. 10 2 9 Nov. 17 28 15% Sept, 10 & Oct. Nov. 23 8 1 Jan. 25 25% Jan. 5% Nov. 18 Feb. 25 30 52 Apr. 23 Nov. 17 Dec. 31 Jan. 2 100 Mar. 31 102 102 5 Apr,' 51; Aug. 35% Jan. 194 Aug. 3)4 July 17% Jan. 4% Mar. 66 May Sept. 4% Apr. .0034 Apr. 5% Sept. 1634 Aug. 11% July % June Jan. 30 10 Sept. 17 9 .Ian. 24 Dec. 9 24 Apr. Dec. Mar. 31 15% Nov. 12 5734 Dec. 28 2 40 6 Mar. 23 6H May 16 3234 Mar. 5 6% July 20 16 4 13 15 25 1)4 Jan. 6 10 21% Mar. 31 8 Sept. 18 17% 64% 9% 1234 Dec. Dec. Dec. Dec. 23 % Jan. 7 Nov. 6 Oct. 20 21 Feb. Dec. 15 Nov. 21 Dec. 10 Oct. 14 534 Aug. 3 3 2134 Feb. 534 Tan. 30 Dec. 1 54 June 26 Dec. 21 Dec. 14 Feb. 69 Dec. 31 Apr. 23 Mar. 10 113 14 6 Dec. 12 102)4 Nov. 28 107 % Oct. 334 Jan. 9 7 Oct. 81 3 7 3 112 30 9) 18 50 k 22 14% 15 4 5 Oct. 29 19% Mar. 11 4% Oct. 15 2 32)4 Jan. 107 5 9 June 3 Jan. 434 Feb. 14 2934 Dec. 28 2034 2 5 Jan. Dec. 19 x49 9 24% 12% July 534 Mar. 13 1334 134 1534 19% 2% 45 2)4 Mar. 14 110)4 Dec. 31 110% 9 Wt Dec. % 1 Dec. 10 1% 4 Dec. 21 4)4 1% Dec. 21 2% Dec. 31 33% Dec. 14 9% Dec. 11 22 Dec. 203 7! 75 20% 10834 12 % June 65 3)4 Dec. 21 3)4 4% 52% Sale 107 5% Dec. 22 42 3% Jan. 4 Dec. Sale Oct. 334 Nov. 6 59 Mar. 13 13 34 Jan. 8 3 10534 Dec. Dec. Dec. Sale 15 Dec. Dec. shs. reg.. 875 TrunzPork Stores Inc......* 1 2)4 2434 19% 3)4 Sale pref.. 100 7% preferred A .100 Tonopah Belmont Develop..1 Tonopah Mining of Nev 1 4,100 44 Dec. 25 2)4 26 Sale Sale 8)4 Sale 54 35,300 85,800 421,600 142,100 25% 234 25)4 20% 4)4 75 Dec. 16 Dec. 1 Dec. 11 Dec. 10 ""IK Sale" 19 40 2 1 10 4)4 Sale Am dep rets ord reg sh»..£1 5,100 6,000 1834 10534 9)4 39% 11% 19 70H Sale 2,200 Am dep rets def reg.. 5s 12,200 Todd Shipyards Corp......fc* 580 Toledo Edison 4% . 6)4 Sale 4)4 Sale Dec. 90 Tobacco Prod Exports .* Tobacco Secur Trust Co Ltd 190 110 Sale 2,000 """*656 18)4 ( 9)4 Sale 39)4 Sale 183,200 -7 Sale 20% Dec, 9 7% Dec. 28 100 220,800 Taggart Corp com ' • 3,000 Talcott (J) Inc 5)4% pref. .50 450 1,100 11,900 21,300 73,000 18,000 % Feb. 3 134 Feb. 13 534 Jan. 31 5% Feb 4 39 13 Dec. 21 Feb. 6 Tublze Chatlllon Corp— 32,300 8,100 28,300 13,100 44,700 "13)4 •T" " » 20 Syracuse Ltg 6% pref 1 7% 75 3)4 1 149,200 Sterling Inc.. 1 19,732 Stetson (John B) Co com...* 10,300 Stlnnes (Hugo) Corp 5 28,700 Stroock (S) ftc Co Inc......* 304,600 Stuts Motor Car Co.. ....• 52,600 Sullivan Machinery Co * ; Sale 20 184,200 Sterling Brewers Inc , 4)4 12)4 • 70 6)4% preferred 100 169,200 Sterchl Bros Stores Inc.....* 2,475 1st preferred 50 9,300 400 50 700 ' 14 % Jan. Standard Wholesale Phos¬ >'L 600 60,000 100 20 27 5% Dec. 31 5% Dec. 31 236,800 72,600 y Common.................! Class A— l 156,533 Tung Sol Lamp wk« com. I 65,000 80-cent dlv pref.......... 304,000 Twin Coach Co * 6)4 Sale 23)4 Sale 12 Sale 14)4 Sale 13% Sale 50 % Sale 8% Sale 11% Sale 16)4 Sale 1634 Sale 63 if Sale Sale 1134 18)4 Sale M 5,600 23,200 ITlen Ac Co 7)4 % pref......25 7,200 5% preferred.. 25 38,800 Unexcelled Mfg Co Inc.... i« 1,500 26,300 11,800 59,460 Union Gas of Canada * 125 Union Stk Yds of Omaha.. 100 300 Union Traction Co 50 3 Sale 9 Sale 7)4 Sale 5)4 Sale 3)4 Sale 13% Sale. 4)4 6 6)4 Sale "3)4 "T" 16)4 4)4 6 Dec. 28 534 Dec. 11 3 334 Dec. 4 12)4 Dec. 30 29 28 15 18)4 Dec; 12 7% Dec. f 1 5% Dec. 1 6 May 12 10 Dec. 2 4 10 11% Apr. 28 17)4 Dec. 30 6434 Dec. 29 1434 Feb. 24 1634 Feb. 24 18)4 Dec. 12 94% Aug. 6 4% Aug. 15 Oct. 7 Oct. 7 Dec. 11 1734 Dec. 28 9434 Aug. 6 734 Mar. 11 21)4 Dec. 31 12 22 10% Dec. 5234 Dec. 1)4 Dec. 734 Apr. 35% Apr. 134 Apr. 8 July 5 Dec. 11 1734 Dec. 28 6% 5)4 4% 2 % 8)4 Oct. Oct. July 15 6 18 Jan. 6 10 7 5 United Aircraft At Tranap— 5,300 45,400 1,000 9,000 Warrants ...... 16 .Sale 17)4 Sale 21% Sale 17% Dec. 1 Apr 30 Mar.lt United Chemicals Inc— 200 Common _• .... 5,600 $3 cum partlc pref • 207,000 United Corp warrants...... 16.600 600 United Elastic Corp 273,600 7,500 68,000 common .......1 17 1st non-vot pref.......* 635,100 10 Warrants... .. l 308 50 40 H 1H 7)4 8 1)4 52 Sale 50 8% 50 Dec. 28 10% 52 134 Sale 4 Salt 8 Sale 10 Sale 81 Sale 122% 1)4 Sale Sale 121 Sale % Sale - , 390 United G At E 7% pref... 100 ,380,200 United Lt & Power com A...* 39,900 Common class B * 539,300 t6 conv 1st pref • 5,393 United Milk Products com..* 885 S3 preferred » 150,100 4,200 35,300 7% 8 51% Dec. 1% Dec. 12 * ... ,682,300 United Gas 23.100 6 34 3)4 Sale 30)4 Sale 6 7)4 57% 32% 2% Sale Sale 8 Sale Sale Sale Sale 8 61 ■a§* Sale 65 283 623 32% 7)4 Dec. 3 10% Dec. Dec. 18 123 Dec. 2 Dec. 234 Dec. 118 1% 93 Dec. 16 2 5% Dec. 7 Dec. 7 9 Dec. Dec. 10 55 30 66% Dec. 22 93 1334 Oct. Jan. 4 123 ._ Jan. Jan. Jan. 6% Jan. , 43 Dec. 1 234 Mar. 18 9434 Aug. 11 834 July 28 934 July 15 68 July 22 3734 Nov. 13 66% Dec. 22 Jan. 8634 Jan. Dec. Dec. Dec. Dec. Dec. 13 1034 Dec. 15 Jan Dec. 8% 834 6434 34% 6634 1034 July 30 8 5234 Oct. 2% Jan. 30 Jan. United Molasses Co Ltd— 1,400 38,400 Am dep rets for ord red CI 50 United N J RR At Canal Co 100 "3,406 31,300 Unit Profit Sharing com • 1,500 Preferred to 32,400 United Shipyards com cl B.l 62,160 United Shoe ftfach com J* 6,931 Preferred 25 18,500 U S Dairy Prod class A com • 100 9,000 4,800 n 640 5)4 Sale 11,800 22,500 3,265 54,300 333,000 -.4,400 1,100 11,600 25,700 8 8)4 93)4 40)4 22,900 3,675 35,000 14,500 120 13,200 32.600 123,000 100 350 155,500 184,600 1,014,700 5,400 3,050 ... 350 6,400 : 1)4 Sale 1034 14 2% 2)4 90 Sale Sale 42)4 Sale Sale 13 2 1% Dec. 24 11 Dec. 10 234 Dec. 11 8934 Dec. 31 1 40% Dec. 6% Dec. 15 1% Dec. 11 Dec. 1st preferred with • com • warr $7 Conv 1st pref.. 1)4 Sale 6 23)4 Sale 1)4 Sale 15 )4 Sale 77 95 2 79 2% 2)4 ai* slH 35 5)4 Sale 31)4 Sale 55 6)4 United Stores Gorp com vte • United Verde Extension. 50c . United Wall Paper 2 Universal Consol Oil Co 10 Universal 'nsurance.. .....8 . . Sale 16)4 Sate 2% Sale 96 2% 37% Sale Sale Sale Sale 74. Dec 94% uec. 83 4 1 28 1534 Dec. 2 2% Dec. 3 "2)4 Sale" 31 31% 8% Sale 67 Sale 2 34% Dec. 2 35 6 Dec. 4 53 Dec. 2 Sale 3)4 Sale 4 Sale 1% Sale 3% Sale 4 Sale Sale 2 Dec. % Dec. 11 3 Dec. 21 1 Sale % Dec. 23 7% Sale 3)4 Sale 4% Sale 13)4 " fiiale 5)4 12 14 22 23 21% 12)4 24 13 ~1% Sale 66 21 5 16 Sale 14% 29 ""% mmmJ4 15 Sale 1)4 Sale 7 3 3)4 12% 2134 934 2734 134 63 2 9% Dec. 10 3 19 JAs Dec. 5 23 Dec. 24 14 Dec. 9 29 Dec. 2 1 % Dec. 66% Dec. Dec. 1 Dec. 1 Dec; 8 Dec. 17 18 .... 66,200 Utility Ar 121,200 page Conv 53 Ind Corp com.. • 96 3 Jan. i _ 3% Jan. 7% Jan. 9 8 18 Feb. 26 434 Jan. 10 46 Apr. 28 ~ % Jan. Jan. 100 4 77 Sale 79 H Sale 4)4 85 Sale Sale Sale 3)4 Sale 4% 1 Sale 166 4)4 87 Sale 90 1% Sale 4% Sale 4 74 ■>v 4 Dec. "I 7 Dec. Dec. 16 % Dec. 4 Dec. 8 101 5 Dec,23 Dec. 5 7834 Dec. 30 134 Dec. 12 5)4 Dec. 14 93 8 Feb. 7 Nov. 12 3% Feb. 10 3734 Nov. 28 934, Dec. 10 1 Dec. 11 Dec. 72 16 Feb. 4 Dec. 31 Feb. 10 434 Mar. 27 6)4 Mar. 25 27 24 June 18 J* Jan. July 27 16% Nov. 18 Jan. 9 32 25 77% Aug. 7 Feb. 14 2)4 May 20 n preferred-..........* 6 May 8 Jan. 3 94 May 15 2% Aug. 18 % Jan. ' 22 4 June ¥ 1 17 12 10 Aug. 21 1% Jan. 6 May 27 134 Jan. 3 26 Sept. 25 70 8% Dec. 16 Dec. Dec. 31 1 Jan. 14 11 72 7 1% 334 5)4 12% Dec. 15 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Jan. % Sept. 2% July Dec. 2 6 Dec. 10 May 8 94% Nov. 20 4234 Dec. 31 Feb. 11 2] Feb. 11 1] Dec. 11 4 Dec. 11 28 11 H Jan. Dec. Dec. 17)1 Dec. y 4 2% Dec. 11 95 Dec. 3 2)4 Dec. 21 Dec. 21 2% Nov. 37% Aug. 1 Mar, 3 90 6% Jan. 22 June 4 257 Jan. 1% Sept. 42 % Dec. ~ 134 Dec. 6 Dec. 7 7% % * 1,060 Utica Gas & Elec 7% pf.._100 113,600 Utility Equities com ..* 77 13,550 Priority Stock ♦ see 5% Jan.: 255% Sept. % June .8 2 % Dec. 400 Utah Radio Prod com......* <: Far footnotes 13 Sale Sale * 45,100 Universal Pictures com l 15,820 Universal Products Co .* 114,300 "tab Apex Mining Co...... 24,325 Utah Pr & Lt $7 pref....... 2,175 6,100 1,975 13,300 22,400 common. U S Foil class B... 220 1,300 ""*"90 Finishing Preferred..............too 101,600 U S Lines Inc pref • 42,050 U S Playing Card com 10 78,700 U S Radiator common......» 19,675 7% preferred........... 100 134,600 U S Rubber Reclaiming....* 39,400 U S Stores Corp com... * • 10% 2)4 5% Dec. Class B com....... „.....* U S 72,300 U S Ac Internat Sec 200 6)1 mili Sale' "'1)4 ""1)4 ...... ......... 12,000 790 6 May 22 104 234 May 20 7334 May 27 96 34 Jan. 2 3 May 5 Nov. 13 Oct. 10 Jan. 2 28 Jan. 27 Nov. NEW AGGREGATE In | December I v YORK CURB EXCHANGE YEAR 1930 RANGE FOR SALES] NEW YORK CURB EXCHANGE 12 Months 1936 Lowest STOCKS (Concluded.) 7% preferred...........100 common... Dec. 33X July 29 27 8 Dec. 14 3 Feb. 6 9524 Sept. 15 35 Dec. 14 1524 Dec. 29 12 1 9424 Dec. 19 81 24 Aug. 28 Apr. 27 Dec. 1 35 18 May 20 Dec. 14 1524 Dec. 29 6 Dec. 1 824 Dec. Dec. Dec. Dec. Dec. Dec. Dec. 524 1324 224 2 Dec. 5 v 224 3224 Dec. 21 37% 1024 Dec. 28 1124 524 Dec. 8 25 Dec. 21 29 1424 Dec. 30 8 19 24 1024 Dec. 28 424 May 18 8 Mar. 6 124 Oct. 124 June Jan. 83 100 Stationery Dec. 19 100 2924 Dec. Common 1 31 5 2 2gFeb 13 2# Mar. 0 37# Dec. 2 8 UK Dec. 24 Hi 6k June Dec. 30 66 Dec. 152* Jan. 8 Apr. 3 2 924 May 21 /i 64 ___• Mar. 13 W Va Coal 8c Coke com 2% July Williams (RQ & Co • Williams Oil-O-Matic Htg___* WII-Low Cafeterias com 1 7 Dec. Pr', Sgj&s UH Dec. IB 4 112J4 Sept. 7# May 21 » Westmoreland Co $6 preferred 13# Dec. 16 Dec. 10 Dec. 21 924 Dec. 15 72 Dec. 17 66 Dec. 1 8 10124 Dec. 28 10124 Dec. 1024 Dec. 7 Ilk Dec. 16 Western Maryland Ry— West Texas Utilities Co— 10 # Mar. 11 524 Feb. 10 524 June 18 8 16 15 28 2 8 com.....20 7 2 2 10 Dec. 3 124 Dec. 29 Western Auto Supply com A • Western Cartridge 6% pf.ioo Westmoreland Coal Co. 3# Dec. Jan. 2 24 July 18 31 Western Air express Corp_.l 7% 1st preferred... _ 2 1U Jan. Dec* 14 2 Sale Prices 3 Feb. 17 IH Sept. 28 Dec. 1424 Dec. 30 Wellington OH Co common__l Wentworth Mfg Co 5 Western Tablet 8c 8 .... Walker Mining Wayne Pump Co common...1 Grocery 7 7 7 124 Dec. 324 Dec. 27 Dec. 90 Waco Aircraft Co.... • Wahl (The) Co common * Waltt & Bond Inc class A..* Class B • Western 1 Highest 4 9 , 1 Virginia Pub Serr 7% pref 100 Vogt Mfg Corp......... ..a New Sale Prices 524 Dec. 124 Dec. Venezuela Mexico OH......10 Petroleum Lowest Sa/e Prfcea 124 Dec. 2 224 Dec. 2 2124 Dec. 29 Utli Pow fit Light com 1 Class B common ........1 Venezuelan Highest Sale Prices 1 17 21 8 7# May 21 31, Dec. 9H May 21 88# Dec. 29 &K Feb. 11 10 Apr. 17 1624 3 152* 46 July Feb. Feb. Dec. . Convertible 824 Dec. 28 1 Wilson Jones Co * com Wilson Products Inc.. 15 3 Wisconsin P Ac L 7% pref.100 Wolverine Port Cement.... 10 Dec. 17 Oct. 9 80 ..1 class B___* Feb. 11 29 Am dep rets ord sharer..5$ Am dep rets ord shs new 21 7 Jan. 23 14 Nov. 23 11 Mar. 28 2 18 Dec. 19 Jan. 724 Oct. Wrlght-Hargreaves Ltd.....* 21 3624 Sept. 23 Youngstown Steel Door.*...* Yukon Gold Co.,„..„...J 124 June 4 BONDS Abbott's Dairy 6s. Alabama Power 624* 1st 8c ref 5s..... *•— •t 1967 ..1968 - ..1946 1st Ac ref 5« 1951 f deb 5a .1953 s 5s called 1952 Aluminium Ltd 5s Am 102 1956 J* Aluminum Co 10424 Dec. 15 10424 9124 Dec. 281 9324 Dec. 131103 97 Dec. 24 99 107 Dec. 1110824 104% Dec. 4 105 10524 Dec. 22 10624 ...1942 106k"Dec." 1948 19 Community Pov#v5H> 1953 American Power 8c Light 6s...................^2016 Amer Radiator deb 4 Ha.. 1947 Amer Rolling Mill 5s 1948 Amerlcan;Seatlng 6s stpd 1946 Appalachian EI Pr 5a 1956 Appalachian Power 6a...2024 5s 1941 Ark Louisiana Gas 4s 1951 Arkansas Pr Ac Lt 5« 1956 Associated Elec 41*8 1953 Assoc Gas 8c Elec 1948 4Ha 6a 1968 Registered.......... 5U.S Inv ctfs ...1938 524s inv ctfs reg 1938 ♦ hi 1949 series C 424s registered.. 5Hs Conv deb 5s. 1949 1977 w 11 18 98 5524 May 12 2824 Mar. 9 29 Mar. 10 3024 Jan. 3 2 3524 Jan. 31 31 30 31 Dec." "§ 67 DecV"30 123"" Sale" 12§"""Dec.""4 l24"""Dec."l4 5524 9924 8324 10424 10424 105 10424 — 105 stamped Registered 1938 .......... 1st M 6s ser B 5s series C June 1 .I960 Bethlehem Steel 6s......1998 6s registered 167 167 154 12324 124 145 141 1998 Blnghamton L H Ac P 5s..194b Birmingham Elec 424*—-1968 Birmingham Gas 5s 19">*> Broad River Power 5s A._I95« 105 Canadian Pacific Ry 6s.. 1942 Carolina Pr Ac Lt 5a.....195b 5s registered 1956 Cedar Rap Mfg Ac Pow 5s_1953 Cent Arizona L Ac P 5a...I960 Cent III Pub Serv 624* F.1967 5a aorles E.........J..195b 5a Serlea G ... 1V68 424* serlea H Cent Ohio Lt Ac Pr 5a A—1950 . Central Power 5s aer D..1957 Central Pow Ar Lt 5s..... 195b 5s registered - 1954 Cent States Pr Ac Lt 524*-1953 Chicago Dlst El Generating 424s series A ..1970 6s series B.......... .1961 Chicago 111 Midland Ry— 4248 series A 1956 Chicago Junction Rys 8c . Union Stock Yards 5s.. 1940 Chic Poeum Tool AH*---*9*2 Chic Rys 5s ctfs of dep.. 1927 Cincinnati Street. Ry 524«1952 s'flm R__ 12224 Dec. 3 12424 Dec. 14 145 Dec. 10 14524 Dec. 15 106 Dec.""§ 106 "Dec. 3 9724 Dec. 18 9824 Dec. 14 8424 Dec. 23 8724 Dec. 14 9924 97 Dec. 910024 Dec. 18 ~ 107 10724 Sale 104k Dec." 16 106k Dec. 107# Dec;.31107k Dec. 7 7 10324 10324 103 Dec. 28 104# Dec. 1 11024 Dec. 2 11324 Dec. 18 10424 Dec. 2 10524 Dec. 15 11124 113 10524 Sale 112k Sale" Il2k*D"ec."l9 113 1 104 10224 10324 10324 4 10524 106 10324 Sale 10324 Sale 10324 Sale 102 Sale 10324 90 Sale Sale 9524 Sale Dec. Dec. 22 107 Dec. Dec. 29 104# Dec. Dec. 7 10424 Dec. Dec. 1 104# Dec. 10124 Dec. 3 10324 D,ec. 2 8924 Dec. 29 9424 Dec. 23 9 9 16 102# Dec. 10 103# Dec. 4 9024 Dec. 8 9624 Dec. 11 1956 Cent States Klec 5s...... 1948 524s 9 Sale 98 5s registered .......1954 Buffalo Gen Elec 5s....,195b let Ac ref 5e...„.......1939 Canada Nor Power 5s.... 1953 30 28 28 10524 107 9824 Sale 86 1955 "69# Sale" ~66k"D"ec.*"9 6924 Sale 7324 Sale 6724 Dec. 71 8 Dec. 29 ~69#~Dec"fI 6924 Dec. 14 7424 Dec. 7 10524 10524 105 Dec. 9 105# De<S." 5 10424 106 10424 Dec. 29 10424 Dec. 29 99 10924 10224 8024 10024 10424 9924 99 Dec.2 9924 Dec. 14 10924 Dec. 3 11024 Dec. 10124 Dec. 21 10224 Dec. 5 104 .7 Sale 79# Dec.;/ 1 8324 £<*5*42 10124 9924 Dec. 1 10124 Dec. 16 SUe 10324 Dec. 7 10424 Dec. 28 111 2 10224 Aug. 10 i June 27 102 May 13 10424 Dec. 29 11324 Feb. 19 10624 Dec. 24 103 31 1957 Sale Sale Sale 9224 Jan. 23 102# Dec. 14 10124 Dec. 23 31 ....1938 stamped.......1938 Bell Tel of Canada 5s 30 Dec. Dec. Deq. Dec. Dec. Dec. 88 Jan. 6 Feb. 27 Dec. 22 Feb. 7 Feb. 1 324 Jan. 3 1324 Jan. 3 Jan. Sale 151 Dec. 11167 Sale 152 Dec. 11 167 15524 139 Dec. 2 15724 15324 Sale 13824 Dec. 2 158 115 Sale 115 Dec. 23117 6024 10024 18 Mar. 19 106 Dec, 31 Dec. 19 Dec. 8 Dec. 22 Dec. 4 Dec. 1 Dec. 9 10324 Dec. 19 10424 Dec. 61 Dec. 11 6524 Dec. 5124 Dec. 3 57 Dec. 55 Dec. 2 6124 Dec. 5824 Dec. 30 5824 Dec. 7124 Dec. 11 78 Dec. 61 1 10224 9624 10524 10524 10324 28 7 Feb. 106 *5524 Sale" "50k"Dec"""2 ~57"""D"ec."3l *67"" "6824 Apr. 7924 May 96 84 1 31 23 31 4 16 ..1955 6s without warrants...1938 6s x-w #»* 3102 2 104 1 10424 28 10624 29 106 14 121 24 108 104 7 Locomotive Works 6s with warrants 6s w 6024 Sale "78*" Sale" 3724 Dec. 11 Dec. Dec. Dec. Dec. Dec. 1950 Atlanta Gas Light 424»~ 1955 Atlas Plywood 9 Ha—. 1*43 Baldwin Sale 15 Dec.; 7 195S Ausoc Rayon Corp 5a Assoc Tel 8c Tel 5(4* A 56 18 23 Dec. 1 108 Dec. Dec. 11 10624 Dec. 68 Dec. 10124 Sale 10324 10424 10324 Dec. 10324 Sale 10324 Dec. 105 106 10524 Dec. 10424 Dec. rl0424 Sale 11924 12024 11924 Dec. 108 10824 10624 Dec. 10224 Sale 101# Dec. 10424 Sale 6424 Sale 5 14 Dec. 4 6124 Dec. 7 10024 Dec. 11 88 Dec. 29 10524 Dec. 24 105s32 ..1950 . 107 106 15' 3 10624 Dec."16 7 2224 Dec, 1 Dec. 3524 Dec. 29 Amer Elec Pow deb 6a 1957 Amer Gaa 8c Elec deb 5a ..2028 Deb 5s called 2028 Dec. Dec. Dec. Dec. Dec. Dec. Feb. 19 4224 Mar. 3 27H Mar. 13 Feb. 17 Mar. 13 30 Jan. 2 37 33 75 1724 Nov. 30 4 Dec. 4 97 Oct. 21 8 524 Jan. ] 31 13 11 28 Dec. 22 324 Jan. 12 Wolverine Tube Co com....2 Woodley Petroleum Corp Woolworth (V W) Ltd— 17 624 Aug. 19 30 July 7 preferred....* Winnipeg Electric Apr. Jan. 15 78 Jan. 6 10024 May 12 9624 Jan. 2 43# Nov. 28 22# Dec. 4 924 Feb. 17 73 Dec. 11 424 Feb. 20 so NEW YORK SALES AQQREQATE December BONDS 115,000 1,690,000 2,m66o 27,694,000 yiooo 7,000 3,459,000 659,000 3,000 9,655,000 4,621,000 i r 5,000 143,000 12,000 72i"66o 585,000 {Continued) GIttea Service Sa 8,000 YEAR 1936 Jan. 2 Dec. I 1936 S RANGE FOR Price CURB EXCHANGE 12 Months 1936 % EXCHANGE PRICES IN DECEMBER NEW YORK In CURB ......... 5a registered Conv deb Bid , Ask 6936 Sale 97 "Sale Cltiea Serv Gaa Pipe L 6a. 19*3 6a registered..........1943 Cities Service P At L 514a.l952 5 Ha gold deb 19*9 Ask Sale 78 80 743* Sale' 80 Sale Registered............ Cltlea Service Oaa 5Ha_.1942 1023 1033 Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Dec. 31 Ask Bid 74 1966 ...1966 1950 5a........ Bid 733* Dec. 8 72 3* Dec." 8 78 Dec. 29 80 1023* Sale" 1013* Dec. 21 103 1025* 1033* 1023* Dec. 7 104 Sale Sale Sale Sale Dec. Dec. 70 1 5 763* Dec. 30 8 76 755* 753* Sale Sale 51 535* Dec. 24 553 1113* 1103* Dec. 28 1133 70 Dec. Dec. 9 713* Sale 713* Sale 54 65 3* 67 Dec. 30 80 3* "Dec-"36 78 Dec. 29 Dec. 30 5H« registered........1949 Nov. 12 69 683* Nov. 16 683* Nov. 14 863* June 17 843* July 10 853* Junel8 17 81 Aug. 2 1035* July 102 Mar. 13 105 May 103 3* May 6 1033* May 653* Jan. 2 80 V* July 663* Jan. 2 805* July 783* July 24 783* July 77 Jan. 975* Jan. 17 16 26 6 10 10 24 Commerz und Prlvat 30,000 37,000 33", 600 17,000 30',600 287",660 100,000 ? ■ 118,000 616,000 44,000 3,000 15,000 25,000 14,000 7,000 c 267,000 471,000 1,000 446,000 395,000 1,000 701,000 ,-v 1,000 4,173,000 1,923,000 Bank 5 H» 19Z1 111 1115* Sale Commonw Edison 4 H*..-1957 4 Ha D 60 registered......1957 5s series A............1953 5s series B 1954 6s series B 55 ;< IIOJH lli$4 Sale 1123* Sale Hi\H iliTi 111 Sale 1123* 113 3* 1103* Sale 105 X 107 J 107 £ Sale 1063* Sale 106 1033* 81H 1003* 1285* 105 3* 1053* 1095* 1033* 103 Sale 853* 1005* 1003* Sale Sale 130 ii05* Dec". 29 Sale 1105* Dec. / 2 Dec. 16 1115* Dec. 1103* 1113* 1103* Dec. 29 112 3 Dec. 14 Dec. 16 registered.. 1954 4Hs series C —1956 1103* Dec. 30 113 4H» C registered......1956 *s series 1981 F-....... Salo 1965 35*8 series H 1,820,000 Com'w'ltb Subsid 5 H« A. 1948 5,333,000 Community Pow & Lt 5s. 1957 168,000 Community Pub Serv 5s A1960 48,000 Conn Ltg At Pow 7s A 1951 169,000 4Hs series C 1956 326,000 5s series D ....1962 180,000 Consol Gas of Bait 5s 1939 185,000 *H • -1954 104 63 3* 108 112 Sale Sale Sale Sale 124 128 19 1063* Dec. 1073* Dec. Dec. 21 107k Dec. 1063* 106 Sale Sale Dec. 22 104 3 813* Dec. 853* 5 1003* Dec. 1285* Dec. 128k 103 100 Dec. 12 1053* 1043* 1053* 105 53* Sale 1043* 1053* 1043* Dec. 29 1063* 110 109 Dec. 18 1103* 1103* Sale 126 2 1243* 1243* 127 1243* Dec. 4 1 4 Dec. Dec, Dec, Dec, Dec, Dec, Dec, Dec, 34 55 110 Jiily 1103* July 1103* Apr 1103* Mar. 110 Sept. 1103* Dec. 1113* May 1053* Jan. 1035* Jan. Dec. 2 113 Feb. Dec. 16 1103* July 29 June 4 113 9 113M Jan. Sept. 11 110 Feb. 7 9 Oct. 27 101 8 2 31 29 2 863* Oct. 1025* Apr. 63 3* Jan. 105 31 ,985* 3 Nov. 17 31 1 Mar. May 1133* 1113* 1083* 108 Nov. 23 . Sept. 19 1 May 23 1285* Dec. Jan. 8 105 Dec. 12 109 Jan. 8 1043* Dec. 29 109 Dec. 18 1125* May 25 109 Nov. 19 Jan. 30 125 120 124 Consol G R L Ac P Bait— 725,000 155,000 1st ref f 4s 1st ref .8,000 a s f 4s called 1045* Sale ....1981 1043* Dec. 10 105 Dec. 21 1981 Feb. S 1043* Dec. 10 110 1063* Aug. 21 1063* Aug. 21 Consol Gas Utilities— 443,000 684,000 22,000 22,000 972,000 16,000 19,000 15,000 12,000 ' v 31,000 48,000 13,000 131,000 62,000 71,000 343,000 133,000 84,000 79,000 16,000 871,000 46,000 1,428,000 12,000 41,000 94,000 323,000 6H* with warrants....1943 1st At coll 6a 17,736,000 Continental G 724,000 Crucible Steel 1943 S ser At El 5a ...1958 ....1940 5s 29 3* 88 85 5* Sale Sale Sale 1023* Sale 366,000 Cuban Telephone 7^1-1941 236,000 Cuban Tobacco 5s.......1944 148,000 336,000 714,000 149,000 1,125,000 1,926,000 964,000 Dallas P & L 5s series C—1952 1,618,000 Detroit Int Bdge 6 Hi 1952 Ctfs of deposit........ 6s aeries A 1949 DelawareElec Povr 5HS—1959 Denver Gas & Elec 5s....1949 Derby Gas 8c Elec 5s Detroit City Gas 5s B .1946 1950 6s series A 100 1 102 H Sale Sale Sale Sale Sale Sale 1947 961,000 811,000 25-yr a f deb 7s 1952 751,000 Ctfs of deposit........ 347,000 Dixie Gulf Gas 6H* 1937 4,291,000 46,000 18,320,000 104 108 Sale Sale 102" Sale 2030 74' Sale 193,000 Etmlra Wat Lt Ac RR 6s.. 1956 258,000 El Paso Elec 5a A ..1950 1,906,000 Empire Dlst Elec 5s 1952 4,277,000 Empire OH 8c Refining 6 Ha' 42 1023 Sale ... Brcole Marelll Elec Mfg 6 Ha 200,000 185.000 Erie Lighting 5s 12,000 13,000 31 Dec. 10 313* 33 313* 973* 98 973* Dec. 29 99 2 945* Sale- 913* Dec. 945* 1025* 1035* 1023* 1035* 1025* Dec. 23 103 98 993* 965* 99 965* Dec. 24 100 77 81 793* 783* 785* Dec. 30 81 313* 97 5* 101 92 1053* 107 3* 1053* 1083* 1023* 1063* 1065* 93* 8% 25* Sale 107 Dec. 10 Dec. 30 1073* 1083* 1073* 1033* 105 1033* Sale 107 1083* 108 Sale 1025* 1023* 1025* 1063* 1055* Sale 1053* Sale 1063* 1063* Sale Sale Sale 11 83* 9 95* Sale 83* Sale 35* 35* 25* Sale 3 35* Sale 25* 1025* 1025* 102 1025* 1015* Sale 3 Dec. Dec. 3 Dec. 18 9 1063* Dec. 1 1083* Dec. Dec. Dec. 29 1053* Dec. Dec. 29 083* Dec. 1 103 Dec. Dec. Dec. 29 1063* Dec. Dec. 28 1073* Dec. Dec. 11 123* Dec. 4 Dec. 123* Dec. 1 Dec. 43* Dec. 3 Dec. 35* Dec. 9 1025* Dec. Dec. 1053* 1063* 1053* Dec. Sale 2 Dec. 98* Sale 80 Sale 61 62 1053* 106 58 1073* Sale 1967 Sept. 29 48 88 Jan. 2 1013* 853* Jan. 2 95 101 3* Aug. 26 104 883* Jan. 8 102 V* 70 Jan. 28 835* Jan. 20 Nov. 24 Aug. 13 Jan. 11 June Apr. 4 3 105 Sept. 108 May 4 3 4 106 Apr. 110 1 3 4 3 28 28 28 24 5 93 Dec. 22 943* Dec. 31 945* Sale 1083* 1085* 1083* Dec. 23 1085* Dec. 24 933* Sale "a13* Sale 903* Dec. 1 935* Dec. 30 107 109 Dec. 5 1103* Dec. 14 1113* 1083* 113 Sale 104 Dec. 30 1033* Dec. 4 104 1035* Sale Sale 103 103 Sale 3 1023* Dec. 23 1035* Dec. 925* Sale 905* Sale 893* Dec. 2 93 Dec. 30 59 1953 28 11 943* Sale Eastern Gas 8c Fuel 4s A. 1956 Edison Elec IUum 33* s 1965 Elec Pow Ac Lt 5s 30 Dec. 20 573* Dec. 28 60 1 1053* Dec. 15 1073* Dec. Jan. 6 1055* Apr. 7 Feb. 4 103 3* Aug. 1023* May 1075* May 993* Jan. 1023* Jan. 1053* Jan. 43* Jan. 43* May 3* Jan. 5* Jan. 7 109 1063* July 1073* Mar. 16 Oct. 15 8 Oct. Oct. 3 5 10 10 10 73* Oct. 10 104 Aug. 8 1015* Janl 19 24 30 14 24 31 91 Nov. 4 945* 1083* Dec. 23 1085* 74 Jan. 2 935* 99H Mar. 9 1103* 1025* Jan. 3 1053* 985* Jan. 2 104 803* Jan. 2 93 Nov. Dec. Dec. Dec. Aug. July Dec. 405* Jan. 1053* Jan. June 22 June 25 10 69 24 108 30 European Mtge At Inv— 89,000 t: 97,000 ...1967 275* Aug. 8,000 Farmers Nat Mtge Inst 7s. 1963 2,696,000 Federal Water Serv 5 H 8-1954 75,000 256,000 52,000 3,000 149,000 722,000 1,107,000 616,000 40,000 2,187,000 9,442,000 97,000 257,000 2,409,000 5,474,000 29,000 987,000 1,270,000 1,000 432,000 326,000 2,507,000 378,000 261,000 327,000 2,175,000 9,409,000 1,220,000 132.000 5,509,000 557,000 1,320,000 89,000 220,000 324,000 40.000 7s Series C 283* 933* Finland Residential Mtge 6s stamped ...1961 Firestone Cotton Mills 5s. 1948 104 H Sale Firestone T At R Gal 5s..1942 Florida Pow Corp 5 Ha A 1979 100 Sale Florida Power At Lt 5s—.1954 93 Sale 913* Sale 94 95 1045* Sale 993* Sale 95 1013* Dec. 1025* Dec. 104 14 995* Feb. Dec. 102 July 1025* July 94 99 Dec. Dec. Dec. 1 Dec. 5 4 1043* Dec. 1003* Dec. 31 Dec. 22 Nov. 17 102 933* Dec. 102 Dec. 94 395* Jan. <31 1033* Dec. 18 1045* Dec. 17 903* Dec. 23 1045* Dec. I663* Sale' 6 July 755* Jan. 28 ----- 1013* 1015* 1013* Sale Sale 1033* 1033* 103 Sale 1043* Sale 104 94 First Bohemian Glass 7s. 1957 293* Sale 975* Oct. 21 91 Jan. 100 Jan. Aug. 18 1055* Feb. 7 1063* Feb. 11 953* Jan. 22 105H Mar. 5 905* Apr. 1003* Dec. 31 Gary Elec At Gas— 53,000 23",666 8,000 188,000 11,000 To", 600 92,000 532,000 96,000 569", 565 245,000 94,000 1,000 209,000 50,000 38,000 19,000 16,000 255,000 , 4,000 16,000 14,000 31,000 25,000 48,000 13,000 173,000 82,000 29,000 65,000 513,000 19,000 281,000 132,000 173,000 412,000 60,000 18,000 124,000 6,000 58,000 14,000 33,000 146,000 144,000 33,000 • 58 ext stamped ......1944 Gatlneau Power 5a—1956 6a 1941 6s series B__ 1941 88 H Sale 923* Sale 84 H Sale 83 3* Sale 6s series B registered.. 1941 Gen Bronze conv deb 6s. 1940 Gen Pub Serv Co 5s 1953 Gen Pub Utilities 6Hs A. 1956 Gen Rayon Ltd 6s A.....1948 97 3* Sale' 1005* Sale 79 Sale a30 Sale Georgia Power ref 5s..—1967 Georgia Pow Ac Lt 5a 1978 Gesfuerel 6s. 86 H Sale 975* Sale 813* Sale 89 Sale Gobel (Adolf) deb43*a —1941 Grand Trunk West Ry 4s 1950 Great North Pow 5s stpd 1950 Sale 100 103 Sale 102 1005* Sale 1023* Sale 955* Sale 100 91 *4 Sale Grocery Store Prod 6s...1945 Guantanamo Ac W Ry 6a.l958 72 28 293* 69 94 "895* 100 Sale 24 :: ; Sale 1043* Sale 865* Sale 35 1003* 101 , 100 3 1013* Dec. 28 885 Jan. 2 4 14 92 Jan. 2 1013* Dec. 28 2 1035* Dec. 4 833* Jan. 25,101 3* Dec. 14 9(100k Dec. 4 82 Jan. 25 1005* Dec. 96 98 Sept. July May 79 Jan. 30 Jan. 1035* Dec. Dec. 24 1013* Dec. 993* Dec. 1003* 1003* "Dec j 10 IOIH'DTc.'II 104 1 103 5* Dec. 24 105 1023* Dec. 953* Sale 933* Dec. 23 963* Dec. 4 68 Dec. 2 703* 69 70 Dec. 11 26 ——..1953 Glen Alden Coal 4s......1965 101 26 Gen Vending Corp 6s—.1937 Ctfs of deposit....... Gen Wat Wks & El 5s A—1943 1003* 101 1023* Sale 1003* 101 995* 993* , 28 24 265* 943* 1043* 873* 253* Dec" 17 "263* rjecTlO Sale 92 Dec. 22 Sale 104 943* Dec. 29 1055* Dec. 15 88k Dec. 7 88 Dec. 1 Sale Sale 20 June 86 May Nov. 23 71 27 3* July 21 273* Nov. 17 Nov. 97 9 223* June 853* Dec. 23 3 805* Dec. 90 90 85 88 813* Sale 4 1043* 1033* 1033* 1023* Dec. }8I* 105 1065* 1073* 107 1083* 1065* Dec. 10 1065* 82 2 101 823* 893* Sale 823* Dec. 60 \ Sale 1 60 Dec. 605* 615* 615* Dec. Dec. 1 14 Dec. 30 Dec. 10 Dec. 12 Dec. 8 Mar. 1055* Dec. 15 79 Apr. 29 853* Dec. 19 34 - 4 963* Sept. 2 1025* Mar. 16 1035* Dec. 24 4 963* Dec. May 85 Apr. Feb. 4 Mar. 27 Nov. 23 103 Mar. 12 1043* Sept. 23 108 Feb. 6 101 Dec. 12 79 915 Aug. 90 93 38 Jan. 1053* Sept. 64 July 44 Jan. 615* Dec. 8 765* Oct. 7 Guardian Investors Corp— 933,000 5s seriesA——......... 1948 178,000 Hackenaack Water 127,000 2,966,000 51,000 116,000 14,000 416,000 511,000 416,000 251,000 781,000 375,000 105 H Sale 1938 HaU Printing 6s A stpd.. 1947 Hamburg Elec Co 7s 1935 683* 69 695* Sale 106 103 1043* 105 1113* 1093* 1113* 1095* 985* Sale 983* Sale 975* 26 27 273* 293* 28 28 223* 105 110 -TV 103 1013* 1035* 1033* 1013* 1033* Dec. Dec. Dec. Dec. Dec. 101 6s ...........1943 105 Sale 1043* 105 1043* 1045* 1025* 103 1045* 105 Houston Lt At Pr 5a A—.1953 4Ha series D ..1978 4Ha series E 1981 Hydraulic Power of Niagara — 1949 1937 Illinois Pow At L 5 Ha—1957 5 Ha serlea "B" 1954 6s series A............1953 ...1956 Indiana Elec Corp6t A..1947 6H8 series B ,.1953 82 5* Sale Sale 86 Sale 99 H Sale 1023* Sale 95 H Sale 96 Sale 106 H —. 5s series C............1951 865* Sale Indiana Gen Service 5s..1948 Indiana Hydro-Elec 5s A. 1958 Indiana At Mich El 5s 1957 1st At ref 5s 1955 65 63 Sale Sale 177,000 95 1,148,000 Indianapolis Gas 5s A... 1953 2,447,000 Ind'pollsP At L 5s ser A..1957 105 546,0001 2,952,000 Indiana Service 5a.......1950 1st lien At ref 5s ...1963 783* Sale 775* Sale 1073* Sale 1947 1957 5s series C 763* Sale 765* Sale A..1949 Illinois Nor Utll 5s Dec. 14 Sale Sale 1015* 1063* 963* 1055* 1055* 1033* 1015* 1043* 108 109 Sale 1013* Sale 108 1063* 106 763* Dec. 763* Dec, Dec. 105 i07H Dec. 1013* 1063* Sale 963* Sale 953* Sale 1053* Sale 1045* Sale 1055* Sale 1055* Sale Sale 104 1025* Sale Sale 103 1015* 105 105 1053* 103] Sale 94 965* Sale yo?4 oaie 933 108 107 "5* 1073 Sale 96 993* Sale 953 1093* 110 1083* Sale 1083. 1053* 1073* 1045* 106 1045* 763* Sale 755* 793* Sale Sale 753* 795* Sale Sale 85 815* 823* 823* 1053* Sale 1053* Sale 1043* Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. May 215* June 5 Dec. 1 2 1063* Dec. 28 973* Dec. 2 17 1 Dec. Dec. 10 Dec. 14 Dec. 10 3 105 Dec. 29 14 965* Dec. 31 3 108 9 Dec. 993* Dec. 24 1 1085* Dec. 17 !V 7 - Dec. Dec. Dec. Dec. Dec1. 29 106 ^ Dec. 18 1 17 793* Dec. 21 795* Dec. 29 85 Jan. 29 • 1 Dec. 19 1053* Dec. Dec. 1003* Dec. 29 973* 103 3* 1033* 1013* 1033* 23 1023* Dec. 1053* 29 1063* 21 1043* 5 1033* 32 100 813* Dec. 15 803* Dec. 15 24 1075* Jan. 15 1103* July 23 Dec. 2 43 Jan. 25 Jan. 25 253* Dec. 1003* Dec. 21 108 2 Oct. 72 23 1023* Dec. 22 1043* Dec. 1 . 1085* Jan. 28 103 Dec. 18 105 Dec. 22 1033* Dec. 2 565* Jan Dec. Dec. J--S1 1950 Illinois Central RR 6a 71 Dec. 30 106 Dec. 17 1105* Dec. 10 995* 2 Dec. 27 Dec. 29 Dec. 28 103"" Idaho Power Co 5a 9 100 102 ser Dec. Sale Houst Gulf Gas 6 Ha w w.1943 5s 69 100 Hamburg El 8c Und Ry 5Hs'38 Heller (W E) & Co 4s w w.1946 78,000 Falls 1st At ref 1,666,000 Hygrade Food 6s 368,000 6e aeries B— 4,359,000 223,000 1,836,000 2,152,000 3,448,000 5,880,000 1,031,000 274,000 1,888,000 59,000 735,000 202,000 247,000 2,300,000 1,522,000 5s A—1977 5a 565* Sale Jan. 103 Oct. 23 May 107 108 July 6 Dec. Mar. 10 1075* Feb. 29 107 Aug. 10 Dec. Dec. 1105* Nov. 17 114 Jan. 3 563* Jan. 3 82 Feb. 25 58 Jan. 6 813* Feb. 25 Mar 107 1095* Sept. 11 1 1023* Dec. 82 3* Jan. Jan. 106 86 Jan. 99 99 Jan. 106 Oct. Nov. 1015* Jan. 106 Dec. 95 96 100 , 109 Jan. 104 Dec. Jan. 104 Jan 105 97 Sept. Sept. Sept. 865* Jan. 1065* Nov. 91 Feb. 1083* Apr. Jan. Feb. 101 111 3* Feb. 24 Feb'. Oct. 15 108 1083* Dec. 104 H May 65 Jan. 63 69 18 5 5 10 14 16 30 22 30 Jan. Oct. 96 H Jan. 1063* Oct. 20 20 24 19 Feb. 14 It* Sept. 1043* Dec. Oct. (ntercontinenta Power Co— For footnotes see page Deb6s series A.. 53 ....1948 43* Sale 133* Sale 135* Sale 115* Dec. 9 15 Dec. 17 4 3* Jan. 2 17 SiV '/v.'. ' : ' '/vWC \ . ,<r \1 1 t'-■}" YORK NEW JAN., 1937] CURB PRICES IN DECEMBER AGGREGATE NEW YORK In December 593,000 lot Pow Sec 64s series C.1955 403,000 7s series E 443,000 7# aeries F I'll 363,000 International Salt 5s....1951 3,597,000 Internet Securities 5s...1947 7,864,000 Interstate Power 5s.....1957 3,075,000 Debenture 6s 1952 82,000 20,000 58,000 17,000 Dec. 1 Ask Bid BONDS {Continued) _ 710,000 180.000 Bid Sale Sale 994 Sale 814 Sale 694 Sale Highest Lowest Highest Sale Prices Sale Prices Sale Prices 83 July Dec. 7 71 Dec. 76 714 Dec. 9 76 Dec. 19 14 71 109 Sale Sale Sale 67 72 74 1074 1024 744 674 Lowest Sale Prices Ask 704 Sale 77 70 1074 Dec. 31 Ask Bid 68 73 ... 282.000 YEAR 1936 Jan. 2 1936 * t RANGE FOR Price CURB EXCHANGE 12 Months 1936 % 51 EXCHANGE 75 68 5 76 Dec. 16 Dec.. 1074 1074 107 Dec. 1014 Sale 1004 Dec. 734 Sale 704 Dec. 69 694 664 Dec. 18 1084 Dec. 8 28 1034 Dec. 2 Dec. 7 23 75 21 694 Dec. 15 50 Jan. Feb. 54 13 10 854 53 4 Feb. 21 85 4 107 Jan. 1094 984 Aug. 1034 694 Aug. 31 88 59 Aug. 31 794 ■I,.. July July Ffb. 24 Dec. 2 Feb. 17 Jan. 29 Interstate Public Service 1,885,000 2,448,000 1,204,000 329,000 314,000 1,161,000 609,000 86,000 2,366,000 88,000 150,000 152,000 31,000 22,000 58,000 43,000 175,666 187,000 227,000 29,000 59,000 4,000 22*,000 ' 82,000 22,000 32,000 86,000 89,000 110,000 30,000 145,000 208,000 57,000 30,000 39,000 81,000 31,000 IsarcoHydro-El 7s...—-1952 Isotta : 43,000 78,000 359,000 4,231,000 19,000 13,000 16,000 522,000 15,000 298,000 97,000 317,000 822,000 368,000 25,000 3,000 25", 000 97,000 65,000 13,000 47,000 76,000 126,000 Sale 1034 Sale Sale Sale Sale Sale 751,000 106 1950 Deb 54® Lake Superior Dlst 3Ks series A 1204 1224 1204 1024 Sale 1024 964 Sale 974 984 974 Sale 1064 Sale 1064 101 102 1014 1104 264 Sale 104 Sale 101 Sale Sale" 16 103 Dec. 104! 101] Jan. 1 2 624 Dec. 16 654 Dec. 24 56""lD"ec".""i 109 23 Dec. 103 4 Apr. 1034 Jan. 98 Sale; 104 30 Dec. 29 1044 Dec. 14 1054 Dec. 28 1054 Dec. 22 994 50 Feb. 1 2 :8 Jan. Mar. 10 ?. 1064 Mar. 5 2 1224 Nov. 28 Jan. Feb. 28 1034 Oct. 29 Apr. 30 994 Sept. 11 Apr. 30 1004 Sept. 11 Feb. 19 July 15 Feb. 20 103 Aug. 3 Jan. Nov. May Dec. 16 1044 Apr. 30 19 104 4 June 5 23 1024 May 15 22 1064 June 24 1004 Dec. 1084 Feb. 23 102 11 j Jan. 16 106 1014 Dec. 28 1124 June 8 Dec. Nov. Apr. Mar. 21 1034 Jan. May 15 754 Jan. Dec. 1 984 Dec. 29 1 26 Dec. Dec. Mar. 18 Sept. 24 Aug. 17 105 Oct. 9 16 103 . 1034 Jan. 1024 Feb. 1 2 14 984 Dec. 29 Aug. 40 103 Sale June June 22 1 Dec. Dec. 14 Dec. 19 1 Dec. 2 Dec. Dec. 17 254 Dec. 254 Sale 89 264 1044 1044 1044 1064 1064 Dec. 474 May 23 61 1054 Aug. 10 108 3 3 1104 Dec. Dec. 29 103"" 1034 1034 Dec. 1044 Sale 1034 104 1044 Sale 1044 105 1054 1064 1064 Sale Sale 106 1054 Sale 103*" 5 3 1014 1004 Dec. 17 1014 Dec. 28 li Jan. 3 107 Jan. 6 44 75 65 May 20 90 8 71 394 Jan. 1204 1034 1024 Sale 964 Sale 974 107 4 106 1024 994 29 2 106 Apr. 23 1064 Feb. li 121 1104 Sale Sale 89 1064 July 103 Dec. 16 1214 Dec. 11 1154 Dec. 14 1004 Dec. 15 103 1 90 Dec. 974 Dec. 28 90 Dec. 10 984 Dec. 31 4 1064 Dec. 101 Dec. 1 4 954 Dec. 18 1014 Dec. 104 Sale 2 1044 Dec. 3 103 4 1034 Dec. 1024 1024 1034 1034 1034 Dec. 22 1034 Dec. 1 1034 104 1094 Sale 93 Oct. 87 4 Jan. Dec. 29 14 50" ""Dec. 21 814 Apr. 30 Apr. 28 78 Dec. 31 534 Sale 544 Sale 534 Deci 1 564 Dec. 1054 1054 1044 1054 1044 1054 1034 Sale Dec. 1034*D"ec.*31 105 1064 Sale 1054 Sale 1054 Dec. 23 1064 Dec. Sale 1044 87 . Dec. 29 105 Dec. 2 104 4 Dec. Dec. 103 1054 Dec 29 1054 Dec. 1054 Dec. 24 107"" Dec. 85 Sale 1034 104 3 914 Dec. 844 Dec. 103 4 Mar. 28 Sale 1014 Dec. 1054 106 104 107 Sale 103 105 Nov. 27 Oct. 28 Sale Dec. 11 1064 Dec. 29 107 4 1014 Dec. 24 1024 Dec. Sept. 30 Aug. 27 Sept. 15 Sale 105 1034 1054 98 99 994 924 Sale 934 1064 1064 1064 102 1024 Sale 1064 1064 105 } Sale .... 914 Sale 95 Sale Sale Sale Oct. Dec. 17 1054 Dec. 8 Dec. 29 107 Dec. 1 Dec. 12 974 Dec. -8 100 92 5 Dec. 934 Dec. 16 Sale Dec. 22 106 17 95 914 Dec. 97 Dec. 984 Sale 974 Sale 1064 Sale 1054 1064 1054 Dec. 1074 Sale 1074 1084 1074 Dec. 1064 1064 1054 Dec. 774 Sale 774 "784 774 Dec. 994 100 984 Sale 984 Dec. Jan. Dec. 7 Dec. 31 Oct. 6 29 21 2 Sept. 10 May 26 Oct. 30 994 Dec. 12 24 1064 Dec. 1 29 108 Dec. 5 June 19 10 106 Dec. 3 Jan. 794 Dec. 3 1 1 100 Oct. Dec. 10 13 5 May 12 Line Steamship Orleans Pub 68 55 Dec. 90 Sale 84 Sale 1034 Sale Sale 1034 104 1034 104 4 1054 1054 1054 Sale 64 654 Sale —1966 339,000 Nassau A Suffolk Ltg 5s. 1945 1,742,000 Nat Pow A Lt 6a "A" 2926 3,691,000 Deb 5a series B 2930 18,977,000 Nat Pub Serv 5s C O D 1978 231,000 Nebraska Power 6s ..2922 577,000 4 Ha 1981 423,000 Nelsner Bros Realty 6s.. 1949 6.144,000 Nevada Calif Elec 5s 1956 322,000 New Amsterdam Gas 5s. .1948 4,917,000 New Eng G A Elec Assn 5sl947 1,887,000 5s 1948 Conv deb 5s 6,085,000 ......1950 7,892,000 New Engl Pow Assn 5S-..1948 5,791,000 Deb 5V4s— 1954 1,028,000 326,000 183,000 2,857,000 3,000 2,860,000 175,000 61,000 349,000 225,000 243,000 2,149,000 783,000 188,000 1,144,000 1,320,000 2,578,000 11* 104 14 98 Sale 874 Sale 184 Sale Sale 13 1054 Sale 64s ctfs of deposit..-.1937 5s $1* 87 1024 102 1,101,000 Manitoba Power 54o 754 Sale 1951 Mansfield Mining A Smelt— 18,000 7s Ex-warrants 1941 11,000 McCallum Hosiery 6HI..1941 751,000 VlcCord Rad A Mfg 6s 1943 Sale 973.000 Memphis P A L 5 s ser A..1948 102 639,000 Met Edison 4s series E...1971 92" Sale 578,000 Middle Sts Petrol 64® A.1945 1.534,000 Midland Valley RR 5s1943 1,414,000 Milwaukee G L 414s.....1967 104 4 Sale 984 Sale 2.428.00G Minn Pow A Lt 4*8 1978 Sale 798,000 1st A ref 5s .......1955 105 90 Sale 2,445,000 Mississippi Pow 5s ....1955 924 Sale 3,831,000 Miss Power A Light 5s... 1957 893,000 Miss River Fuel 6s 1944 404,000 Miss River Power 5s......1951 291,000 Missouri PALSHs A....1955 2,467,000 Missouri Pub Serv 5s A..1947 934 Sale | 882,000 Montana Dakota Utll 514* *44 2,022,000 85 Power— Lehigh Pow Secur 6s....2926 Leonard Tlets Inc 7^1-1946 Lexington Utll 5s 1952 Llbby McNeill A Llbby 5s 1942 Lone Star Gas Corp 5s...1942 Long Island Ltg 6s—....1945 Louisiana Pow A Lt 5s 1957 New 85,000 122,000 20,000 20,000 258,000 3,000 153,000 50,000 534 Sale 107 Kansas 791,000 Sale 84 Sale 41 6s...1963 1044 Sale 984 Sale 15,000 3,080,000 28,000 575,000 942,000 257,000 524,000 2,288,000 90 1044 105 103 1044 1054 Sale 1064 634 Sale Fraschlni7s—...1942 Italian Superpower Munson 127,000 1014 Sale 453,000 64® series D..........1948 513,000 54® series F_. 1955 357,000 Klmberly Clark5s A.-.--1943 893,000 Koppers Company deb 5s 1947 11,000 5s called 1947 20,000 15,000 A.-.1958 ....1957 Iowa Pow A Lt 44« Iowa Pub Serv 5s Sale 85 804 Sale 1054 Sale Gas A Elec6s.—2022 570,000 Kansas Power 5s A......1947 2,659,000 Kentucky Utilities 5s 1969 2,461,000 1961 6,000 29,000 123,000 140,000 31,000 136,000 12,000 25,000 48,000 16,000 33,000 99,000 D_1956 955,000 JacksonvlIleGas 5s stmpdl942 105,000 Jamaica Wat Sup 54® A.1955 788,000 Jersey Cent P A L 5s B...1947 2,373,000 4Hs series C ...1961 89,000 44*606 73,000 5s series 44* series F— 1958 Iowa-Nebraska LAP 5s..1957 5s Series B 1961 105 103 1024 Sale 934 Sale 924 Sale Sale 734 Sale "724 Sale 49 125 107 864 Sale 65 124 108 Sale Sale Td Sale 54 July 6 16 Nov. 20 Feb. 7 Apr. 28 944 Dec. 30 Apr. 30 Aug. July 5 4 8 2 77 Dec. Dec. 2 ft" 110 Dec. 10,1204 Dec. 121 79 Dec. 11 784 Dec. Sale Sale Sale 96 Sale 1004 Sale 884 Sale 994 Sale 1014 Sale 94 Sale r92 Sale 87 884 874 Dec. 874 Sale 1044 103 1044 1034 Dec. 1084 1094 1084 Dec. 1094 Sale 1054 Sale 1054 Dec. 102 Dec. May 5 May 1 Dec. 17 Jan. 17 2 7 Oct. 5 Jan. 1 Dec. 15 16 Nov. 21 May 28 May 26 Apr. 21 Jan. i 3 Jan. 2 2 784 Dec. 31 1014 Dec. 15 854 2 8 Nov. 28 984 Dec. 10 Sale Jan. Jan. 1254 Dec. 15 1084 Dec. 24 121 78 1 W2H May 18 104 Sale 78 , 144 pec. 1054 Dec. 30 129 1084 Sale 1094 110 964 Sale Sale 78 78 124 Dec. 11 124 4 1094 110 974 Sale 120 1214 w* Sale 1054 Dec. 12 Feb. 18 Feb. 17 17 Dec. 15 Feb. Mar. 17 Serv— stamped...........1942 ...1949 6s series A N Y Cent Elec 54s 744 Sale 69 Sale 104 1950 N Y Pa A O RR 44® stpd.1950 N Y P A L Corn 1st 4M«-1967 44 s registered——1967 N Y State BAG 44® 54a N Y A Westchester 1980 1962 Ltg 5s '54 1054 Sale 102: 108] Sale 105 Sale ...2094 4s Niagara Falls Power 5s A 1959 Nor Indiana GAB 6s.... 1952 1966 Nor Ind Pub Serv 91 Sale 107"" Sale 103 Sale 1970 1024 Sale 984 Sale ..1940 5s series D 1034 Sale .....1969 44* E 1034 1064 1124 1024 1054 86 Nippon Elec Pow 6 4s... 1953 Nor Amer LAP 54s A... 1956 Nor Coot Utll 54s A 1948 1083 1063 92 Sale 1024 1064 1064 114 1124 1044 102 107 1044 87 86 Dec. 954 Dec. 17 894 Dec. 23 Dec. 69 Jan. 9 97 May July Apr. 105 105 Dec. 105 Dec. 105 Dec. 3 2 1034 Dec. 107 - Dec. 15 113 Dec. 9 5 1034 Dec. 113 1124 Dec. 1034 1034 Dec. 106 87 954 Sale 67 69 654 Sale 1074 1084 1074 Sale Sale 1054 105 1054 105 105^ 1054 Sale 1034 1044 1034 Sale 864 Dec. 954 Dec. 65 4 1 Dec. 29 1074 Dec. 28 1044 Dec. 23 105 Dec. 954 Dec. 17 1094 Dec. 24 1 1064 Dec. 104 Sale 1024 Dec. 1074 1064 Dec. 954 Sale 744 Jan. 8 1024 Dec. 22 864 954 684 1074 1054 1054 1044 Dec. Dec. Dec. Dec. Dec. Dec. Dec. 14 11 5 ■:7 4 11 3 105 105 > 1024 1054 1114 1014 1054 Jan. Mar. Apr. Aug. May 84 4 Feb. 904 Jan. 53 Apr. 1064 Mar. 1024 Jan. 1024 Jan. 98 Jan., 92 Nov. 30 Feb. 1104 Mar. 1074 Oct. Dec. 104 July 1084 Jan. 26 9 15 3 16 2 Dec. 9 1054 Feb. 6 13 113 109 90 97 72 108 106 Jan. 17 5 6 Jan. 6 June 5 Feb. Mar. Oct. 1064 Sept. 1044 Nov. 6 Nor States Power 643,000 71.000 49,000 29,000 42,000 1,701,000 88,000 1,471,000 Ogden Gaa Co 5a 161,000 29,000 43,000 13,000 57,000 6,000 195,000 120,000 177,000 478,000 48,000 17,000 10,000 35,000 54% notes. . 637,000 Northwest Elec 6s stpd..l945 624,000 Northwest Pow 6s A..—1960 1,517,000 449,000 895,000 143,000 678,000 512,000 1,720,000 662,000 538,000 844,000 1,177,000 415,000 Nor'west Pub Serv 5s A--1957 101 Sale "984 Sale 1034 104 1054 Sale 784 80 1044 Sale 1034 1034 1034 Dec. 22 1034 Dec. 3 1044 Dec. 18 1054 Decw l 1044 Sale 87 89 3 794 Dec. 894 Dec. 17 1044105 1044 Dec. 9 105 Dec. 1034 Sale 1104 ..I960 1064 Ohio Power 5a serlea B...I952 1054 1054 Sale 1054 Dec. 24 1054 Dec. 105 Dec. 1 1064 Dec. 1054 Sale 8 105 Dec. 105 Sale Dec. 1044 1044 104 Sale 109 Dec. 28 1094 Dec. 1094 1094 109 103 Dec. 28 1054 Dec. 105 1054 1044 Sale 105 106 105 Dec. 11 1064 Dec. 1054 Sale 8 1034 Dec. 1034 1034 1034 Dec. 1034 Sale Dec. 1014 102 1014 Dec. 30 102 1014 Sale 99 Sale 994 Sale Dec. 984 Dec. 23 99] Sale 1004 Dec. 19 104] Dec. 1014 Sale 103 94 Sale 9 94 Dec. 944 924 Dec. 102 1 102 1014 Dec. Dec. 1014 Sale ..1945 Ohio Edison Co 5a 44s aeriea D..........1956 Ohio Public Serv 6a C 5s aeries D 54s series E 1054 Sale 1953 ....1954 ...1961 Oklahoma Gas A El 5s...1950 6s series A Sale Sale 1054 Sale 105" Sale .......1940 Okla Nat Gas 44* A 1951 Conv deb 5s ...1946 Okla Pow A Water 5a A.. 1948 Oswego Falls Co 6s 90 Sale 1941 148,000 Pacific CoastPower 5s... 1940 946,000 Pacific Gaa A El 6s B 1941 Sale 110 Sale 110 Dec. 28 111 15 Dec. 30 1054 Sale 1 105 Sale 7 106 107 1204 Sale 1 14 10 18 1 5 28 24 1 2 1054 106 4 1054 Dec. 10 106 Dec. 17 119 Dec. 21 1204 Dec. Sale 1 119 1024 Aug. 10 1044 Oct. 8 1004 Mar. 20 106 Oct. 10 51 Jan. 4 894 Dec. 17 984 Jan. 2 105 Nov. 24 Nov. 19 111 1034 Jan. Jan. 8 1054 Dec. 24 107 104 Apr. 13 1074 Mar. 12 Mar. 18 1034 Apr. 22 107 Feb. 28 1084 July 17 112 Dec. 28 107 103 May 14 Dec. 11 1074 Jan. 7 105 1034 June 16 107 1014 Dec. 30 105 974 Nov. 6 994 99 Oct. 27 1044 86 Apr. 28 944 8 103 934 Jan. Feb. Feb. 14 17 Nov. 23 Dec. 24 Jan. 23 Oct. 31 Aug. 19 1054 Apr. 22 108 Dec. 21 1214 Mar. 26 119 Pacific Investing 5s A...1948 ; 47,000 7,000 342,000 1,000 239,000 7,000 125,000 613,000 74,000 6,586,000 144,000 3.124,000 124,000 2,411,000 Without warrants. Pacific Ltg A Pow 5s ....... . 984 Sale 1942 Pacific Power A Light 5s.1955 Palmer Corp of La 6s 1938 Penn Cent Lt A Pow 44a 1977 5s 1979 Penn Electric 4s series F.1971 854 Sale" l66" 8ale" 974 Sale' 1004 Sale 1014 Sale 1104 1104 1164 118 884 874 Sale 1024 1034 1024 103 Sale 1044 Sale 105 1064 1064 1054 1054 Sale 1024 Sale Sale 1 1014 Dec. 1004 Dec. 1164 Dec. 16 1164 Dec. 864 Dec. 29 884 Dec. 1024 Dec. 17 1024 Dec. 3 1054 Dec. 1044 Dec. 105 Dec. 24 1064 Dec. 1014 Dec. Dec. 51103 24 98 16 1 114 80 Apr J' Jan. Mar. 17 1014 Oct. 29 100 7 11 Jan.^ 1044 Apr. 974 Jan. 1024 Mar. 10 May 5 Feb. 14 104 May 19 1054 Dec. 29 7 1074 Apr. Dec. 11 103 lM Penn-Ohlo Edison 6s....1950 88,000 141,000 40,000 I 18,000 29,000 9,000 38,000 176.000' 956,000 Without warrants......... 2,180,000 54* series B 1959 313,000 Penn Power Co 5s.....__1956 229,000 Penn Pub Serv 6s G 1947 221,000 5b series D 1954 90,000 Penn Water A Pow 4 4>- -1968 454,000 5s ..1940 5,324,000Peooles Gas Lt A Coke 4s B'Sf Far footnote* se« page 99 Sale 107" Sk'le" 1054 Sale 1134 Sale" 864 Sale Sale 1054 Sale 1054 Dec. 24 1064 Dec. -1 1014 Mar. Sale 106 Sale 105 Dec. 1 1044 Dec. 29,106 984 Mar. 104 Dec. 1111044 Dec. Dec. 1 104 1044 Sale 107 Dec. 12 1084 106" 107* 106 4 Dec. 29 107 106 8 1064 Dec. 29' 1064 1054 Dec. 1054 106 1054 1064 1054 1064 1054 Dec. 21 1064 Dec. 112 Sale Dec. 1104 1114 1104 Dec. 30 112 1 994 Sale 984 Sale 974 Dec. 23 864 Jan 994 Dec. 1064 Xl' 53. ::,r; June 2 Nov. 27 July 20 July 23 Aug. 13 June 26 Jan. 6 Mar. 20 w: NEW RANOE FOR NEW YORK CURB EXCHANGE 12 Months December Bid BONDS (Continued)— J 1979 10.748,000 People* Lt ft Pow »•_ 713,000 Phila Electric Co B» 1946 1,639,000 PbllaEl«cPow*r6H«W2 1,000 5 H> registered———1972 385,000 Phtla Rapid Tracalt 6«._1962 21,000 Ask Highest Lowest Sale Prices Sale Prices 111*4 28*4 Sale Sale Sale 25*4 Dec. 7 29*4 Dec. 14 5 110*4 Dec. 23 111*4 Dec. Dec. 2 108*4 Dec. 29 112 "98" "98*4 "95*4~D"ec."29 ~98*4~Dec~.""7 107*4 108 106 111*1 6 370,000 67,000 1,319,000 1st ft refunding 4*4s-1957 Piedmont 66,000 Hydro-Electric 901,000 Piedmont ft Northern 8s_ 1954 194,000 Pittsburgh Coal 6s 1949 1,076,000 Pittsburgh Steel 6s.—1948 174,000 Pomeranla Elec Co 6s....1953 415,000 Poor ft Co 6s 1939 860,000 Portland Gas ft Coke 5s. 1940 539,000 Potomac Edison 5s serE. 1956 318,000 4Ht series F -.1961 i 611,000 Potrero Sugar 7s stamped 1947 771,000 Power Corp of Can 4Hs B 1959 828,000 Power Securities Corp 6s.1949 110,000 Prussian Elec 6s 1954 ;; 2,000 35,000 19,000 9,000 65,000 56,000 14,000 20,000 68,000 44,000 33,000 63 105*4 106*4 105 103*4 78 Sale Dec. 29 107 108*4 Dec. 29 109 80 77 Dec. 1 ; Sale 25*4 101 26 Pub Serrlce Co of N J— 93,000 28,000 30,000 41,000 57,000 120,000 67,000 83,000 370,000 165,000 141*4 Sale 104*4 105*4 141 Dec. 104 Dec. 29 105 111 Sale 105*4 103*4 103*4 105*4 107 104*4 104*4 Sale 110*4 103*4 103*4 103*4 Dec. Dec. Dec. Dec. 105 Dec. 106 Sale 267,000 787,000 6% perpetual certificates 167,000 Pub Serv of Nor IUs 5s C.1966 754,000 5s 1956 432,000 4*4s series D 1978 ' 545,000 4Hs series E 1980 1,811,000 4V4s series F 1981 1,084,000 4**s series 1 1960 357,000 Pub Serr of Okla 4s 1966 7,505,000 Puget Sound P ft L 5**s.l949 2,466,000 5s series C 1950 4,480,000 4 Hi series D 1950 34.000 11,000 302,000 Quebec Power 5s._———1968 497,000 Queens Boro G ft E 5*4*. 1952 104*4 Sale 85,000 9,000 11,000 315,000 474,000 183,000 15,000 Reliance Management 5s_1954 Rochester Gent Pow 5s A 1953 104*4 Sale 86 87*4 27*4 28 196,000 75,000 47,000 2,366.000 603,000 1,422,000 64,000 St Louis Gas ft Coke 6s..l947 — 1953 1958 Ruhr Gas Co 6*4s Ruhr Housing 6*4* A 104*4 Dec. 93*4 Sale 88*4 Sale 93 85 84*4 Dec. 105 Sale 15 10 1 146 10 23 17 21 Dec. 21 Dec. 8 111*4 Dec. 4 Dec. 2 104*4 Dec. 104*4 Dec. 29 105*4 Dec. Dec. 21 106 4 95*4 Dec. 1 92*4 Dec. Dec. 1 88 17 9 1 106 1 31 28 76 June 23 2 106*4 Mar. May 22 108 Mar. 96*4 Jan. 2 105*4 Dec. 20*4 May 29 27*4 Mar. 103 Dec. 11 106 Jan. 65 June 11 83*4 Jan. 105*4 Mar. 24 107*4 Aug. 106*4 Jan. 8 109 Dec. 66*4 Jan. 3 91 *6 Mar. 90*4 Jan. 6 101*4 Dec. 97*4 Jan. « 101 July ■ 21*4 Dec. 29 32 132*4 103*4 108*4 101*4 Jan. 2 146 Nov. 27 107*4 Jan. 7 112*| Jan. 4 106 102 Jan. 3 105*4 102 Jan. 2 104*4 103*4 Apr. 30 106 104*4 Dec. 21 106*4 86*4 Jan. 2 96*4 83*4 Jan. 3 93*4 78*4 Jan. 103 Apr. 103 Jan. 11 18 18 2 2 14 8 31 15 26 8 26 Feb. 25 Dec. 21 Oct. 7 Sept. 1 Dec. 2 Sept. 2 July 22 July 11 Sept. 21 Feb 17 Jan. 24 89*4 Feb. 17 11 106*4 Mar. 4 2 106*4 Sept. 10 1 9§*6 May 23 104*4 Dec. 3 74 Jan. 2 95 Feb. 26 7 25 May 18 33 Feb. 5 22 *4 103*4 Dec. 18 104*4 Dec. Dec. 84*4 Dec. 24 86 25*4 Dec. 22 26*4 Dec. June 24 27 Feb. 7 19*4 Jan. S 12 Safe Harbor Water Pr 4*4s '79 107 Sale 107 San Ant Pub Serr 5s B 106*6 132*6 Sale 106 July Dec. 22 108*6 Dec. 14 105*4 Aug. Dec. 1 106*6 Dec. 16 101*4 Jan. 110 Dec. 15110 18*6 Sale 1958 San Joaquin L ft P 6a B..1952 17*6 Dec. 23 19 Dec. 1 -- 16,000 :f 140,000 6s 1937 38,000 272,000 Schulte Real Est 6s w w__ 1935 372,000 1,473,000 6s without warrants 1935 77,000 560,000 Scrlpps (E W) Co 514* 1943 72,000 741,000 Second Internat Sec 5s..1948 4.000 117,000 Serrel Inc5s 1948 62,000 1,592,000 Shawlnlgan W ft P4*4s..l967 17,000 357,000 4*4s series B 1968 16,000 585,000 4H* series D 1970 43,000 317,000 Sheridan Wyo Coal 48—194" 1,000 6s registered 1947 92,000 1,043,000 Sou Carolina Power 5s 195? 380,000 5,870,000 Routheaat P ft 1. 6a ...2025 221,000 4,363,000 Sou Calif Ed 3*4s..May 1 1960 104,000 1,657,000 3*6s aerie* B July 11960 204,000 1,084,000 Debentures 3*6a 1945 51,000 543,000 1st ft ref mtge 4s 1960 16,000 504,000 Sou Calif Gas Co 4*6s—1961 25 111,000 Sauda Falls Co 5s 9 105 31 103*4 Dec. 11 104*4 Dec. 31 106*4 Dec. 3 106*4 Dec. 3 106 108*6 110 6,000 Dec. 88*4 Dec. 1955 •; 4 100*4 Dec. 17 101*4 Dec. 8 Dec. 14 99*4 Dec. 7 101 Dec. 7 21*4 Dec. 29 26 101*4 Sale 100 Dec. Dec. Dec. 14 20 108*4 Jan. ,41*4 Jan. i03 Jan. 106 108*4 109*4 106*4 107 78 105*4 Mar Dec. 29 107*4 Dec. 60*4 104*4 105*4 104*4 20*4 Sale 105*4 105*4 104*4 23*4 103*4 4 Dec. 1 Dec. 15 63 Dec. 28 105*4 Dec. 10 Dec. 3 106*4 Dec. 15 Dec. 4 105*1 Dec. 18 Dec. 28 22*4 Dec. 10 103 Dec. 11 103*4 Dec. 2 Dec. 10 77*4 Dec. 3 79 Co 1960 6*4s series A 2 Jan. Sale Prices 29*6 Dec. 14 110*6 Dec. 23 113>i Mar. 12 108*4 Aug. 28 112 *6 July 13 108 Sept. 4 108 Sept. 4 86*4 Jan. 6 98*4 Sept. 16 Phila Suburb Cos G ft E 33,000 YEAR 1936 Highest Lowest Sale Prices 1936 , $ 449,000 64,000 161,000 EXCHANGE SALES AGGREGATE In CURB YORK 124 Jan. 9 1 1 108*4 June 19 7 106*4 Dec. 16 18 132 Sept. 21 Dec. 15 107*4 Sept. 14 110 Jan. 16 Saxon Public Works— 24 Dec. 29 28*6 Dec. 1 28*6 Dec. 3 37*6 39 37*6 38*6 103*6 Sale 101*6 Dec. 17 102 102*6 102«32 Dec. 29 107*6 107*6 Dec. 12 104 Sale 103*6 Dec. 28 ----- 40*6 41 103 *6 102*6 107*6 104*6 Dec. 1 103*6 Sale 103*6 Dec. 31 104*6 Dec. 4 103*6 104*6 103*6 Dec. 2 104*6 Dec. 15 67*6 71*6 67*1 Dec. 29 71 Dec. 9 100*4 Jan. 100*4 Jan. 100*4 Jan. 58 106 110 107 Sale Sale Sale Sale 106*6 110*6 107*6 Jan. 65 97 ------ 100*6 106*6 108*6 108*6 Jan. 13 Dec. 23 Dec. 23 Jan. 29 Feb. 27 Feb. 10 4 105*4 Mar. 5 3 105*4 Mar. 6 2 105*4 Sept. 15 2 72 July 11 8 65 May 8 24 101 July 10 21 109 Aug. 24 2 109*4 Dec. 12 2 109 Dec. 3 17 108*4 Nov. 20 27 111*4 Dec. 4 17 107*4 Oct. 6 24 Dec. 29 33 3 18 June 8 40*4 Dec. 23 16 July 20 41 Dec. 23 Dec. 31 101*4 Dec. 17 104 98 Apr. 29 103 Dec. 2 Dec. 7 105*4 Oct. 23 1 08 26*< Dec. Apr. May 99*6 107*6 107*6 Sale" ~99*6~Dec."_4 l6I"~Dec~."I Sale Sale 106 Dec. 7 107*6 Dec. 31 106*6 Dec. 23 109*6 Dec. 12 101 F&>. 101 Jan. 108 Sale 106 Sale 106*6 Dec. 23 109 Dec. 104*6 Dec. 18 106*6 Dec. 100*4 Jan. 103*4 Mar. 106*4 Mar. 109*6 Sale 109*6 Dec. 31 111*6 Dec. 105 105*6 105*6 Dec. 10 106*6 Dec. 3 2 4 11 105*4 Apr. Southern Counties Gas „ 9,000 255,000 of California 4*4* 1968 4,186,000 Southern Indiana Ry 4S.1951 164,000 138,000 2,642,000 47,000 Southern Nat Gas 6a.^ .1944 868,000 S'western Assoc Tel 5s A.1961 ' 86 103*6 103*6 1,097,000 18,000 794,000 554,000 Southwestern L ft P 5s..1957 103 798,000 311,000 2,779,000 2,556,000 2,304,000 2,269,000 5,687,000 5,677,000 502,000 9,720,000 913,000 41,000 64,000 36,000 172,000 168,000 113,000 206,000 407,000 658,000 Southwestern P ft L 6s..2022 95 68,000 9,000 7,000 34,000 14,000 9,000 30,000 48,000 4,000 6,000 S'western Pub Serv 6s A.1945 Standard Can ft Elec os.,1935 6s Certlfs of deposit...1935 Cony 6s 1935 6* Cony ctfs of deposit. 1935 6a 1951 6a 1966 Standard Invest 5V4a__..1939 Stand Power ft Lt 6s 1957 Starrett Corp 5s_. Stinnes (Hugo) Indus— 1950 405,000 105*6 85*6 84*6 84*6 85 84*6 83*6 101 83*6 35*6 9,000 7s stamped ctfs dep 1936 682,000 7s stamped ..1946 14,000 4s 2d stamped ...1946 132,000 78 stamped ctfs dep... 1946 549,000 Super Power of 111 4HS—1970 705,000 4V4s 1968 121,000 Syracuse Ltg 5s B 1957 131,000 1st ft ref 5*4s .....1954 2,509,000 fenn Elec Power 5s...^.l956 1,525,000 Tenn Pub Serv 5s....... 1970 103 Sale 49 47 51 53 45 50*6 Sale 45 7satamped._.———.1936 4s 2d stamped .1936 74,000 79,000 106,000 103 *6 103 *6 Dec. 14 103 *6 Dec. 1 85*6 86 85 Dec. 23 87*6 Dec. 12 Sale 103*6 Sale 103*6 Dec. 31 103*6 Dec. 2 Sale 102*6 103 102*6 Dec. 24 103*6 Dec. 2 104 Sale 103 Dec. 1 104*6 Dec. 18 Sale 96*6 99*6 Sale 96 Dec. 2 100 Dec. 10 106 104*6 106 105 Dec. 28105*6 Dec. 2 Sale 90*6 Sale 84*6 Dec. 4 91*6 Dec. 18 Sale 83*6 Dec. 7 91 Dec. 18 85*6 91 90*6 Sale 84*6 Dec. 1 92 Dec. 18 Sale Sale 89*6 91 83*6 Dec. 3 91 Dec. 18 92*6 Sale 83 Dec. 5 92*6 Dec. 31 Sale 90 Sale 82*6 Dec. 2 ^91 Dec. 18 Sale Sale 100*6 Sale 100*6 Dec. 17 101*6 Dec. 12 Sale 89*6 Sale 82 Dec. 3 90 Dec. 18 Sale 41*6 Sale 35*6 Dec. 1 44*6 Dec. 4 103*6 Sale 47 Sale 50*6 Sale "51*6 Sale" 48 45 50*6 48*6 45 51 Dec. 21 46 95*6 Sale 95*6 Sale 94 81 80*6 Dec. 30 Sale 48 48 Dec. 4 45 46 53 Oct. Aug. 13 45 42 1 Dec. 24 48 Sept. 3 51*4 Apr. 1 106*4 Apr. 23 106*4 104 104 15 65 44 Dec. 29 51*6 Dec. Dec. 21 Dec. 24 43 9 3 106*6 104*6 105*6 104*6 Dec. 28 106 Dec. 18 105*6 Sale 104*6 105*6 104*6 Dec. 30 105*6 Dec. 1 107*6 Sale 107*6 108*6 107*6 Dec. 29 108 Dec. 4 106*6 107*6 107*6 108*6 107 Dec. 22 107*6 Dec. 22 82 22 Dec. 24 51*6 Dec. 51*6 Dec. 105*6 4)4*6 6 101 51*6 Dec. 14 Dec. 24 Dec. 1 Dec. 21 Dec. 24 Dec, 5 Feb. 10 104*4 June 56*4 Jan. 2 87*4 Dec. Jan. 3 104 Jan. 92*4 Jan. 2 104*4 Nov. 99 Jan. 2 104*4 Sept. 4)1 Jan. 2 101*4 June 100 May 9 106 Oct. 69 Jan. 2 91*4 Dec. 67*4 May 13 91 Dec. 69 May 7 92 Dec. 66 May 4 91 Dec. 64 May 5 92*4 Dec. 63*4 May 2 91 Dec. 97 Jan. 3 102*4 Feb. 62*4 May 1 90 Dec. 29*4 Oct. 26 44*4 Dec. 103 60*4 12 23 14 23 2 18 18 18 18 31 18 4 18 4 Apr. 27 Dec. 24 Aug. 17 Mar. 4 Dec. 29 Dec. 1 Jan. 7 Jan. 7 106*4 Oct. 23 109*4 Feb. 105*4 Apr. 17 110*4 Jan. 5 6 2 98 Feb. 17 77*4 May 15 90 Feb. 17 89 95*6 Dec. 23 83*6 Dec. 1 Jan. Ternl Hydro-Electric Co— 143,000 1,241,000 6*4s series A.. ....1953 3,961,000 Texas Elec Service 5s_. I960 358,000 Texas Gas Utilities 6s 1945 1,949,000 Texas Power ft Lt 5s.....1956 1,000 5s registered 1956 186,000 6s 2022 172,000 22,000 110,000 15,000 017,000 110,000 2,108,000 Thermold Co 6sstamped.l937 1,949,000 Tide Water Power 5s A. 1979 Toledo Edison Co—. v 106 39*6 105 Sale 66*6 Sale 105*6 Sale Sale 40*6 39 Sale 105*6 Sale 39 Dec. 15 40*6 Dec. 4 104*6 Dec. 29 105*6 Dec. 1 III" 113*6 112"" ::::: il2H"Dec~"3 n5*6"D"ec,"21 100 Sale 103 Sale 41*4 Jan. 99*4 Jan. 60*6 Dec. 24 66*6 Dec. 31 105*6 Dec. 28 106 Dec. 1 100 Dec. 1 104*6 Dec. 8 1 74*4 June 22 2 106 Nov. 30 6 29 Mar. 18 40*4 Dec. 4 104*4 Apr. 23 106*4 Jan. 3 105*4 Oct. 5 105*4 Oct. 5 104 Jan. 2 115*4 Dec. 21 90 July 20 104*4 Dec. 8 104*6 Sale 102*6 103 102*6 Dec. 29 104*6 Dec. 2 104*4 Dec. 1 106*6 Sale 94*6 Sale 106*6 Sale 106*6 Dec. 31107*6 Dec. 24 106*4 Apr. 22 108 Mar. 93 Dec. 3 95 *6 Dec. 76*4 Jan. 21 95*4 Dec. 9 6 98*4 Jan. v.-:!4' 1,858,000 1st mtge gold 5s 1962 8,436,000 Twin City Rap Tr 5 He A. 1952 191,000 464,000 61*6 Sale 94 Sale 9 Ulen ft Company— 319,000 1,899,000 64,000 158,000 37*6 July 20 6s 3d stamped....... 1944 Union Electric Lt ft Pow (Mo) 1,000 4,000 13,000 10,000 5s series A—..........1954 4H« —1957 5s serleo B... ...1967 j 100,000 .... 385,000 United Elec of N J 4s 84*6 Jan. 30 105*6 Aug. 13 110 104*6 Apr. 3 107*6 105 Mar. 9 107*6 113*6 Jan. 4 117*6 1949 Feb. 20 Sept.22 May 7 Dec. 15 United Elec Service 7s—1956 600,000 119,000 158,000 3,101,000 4,597,000 1,074,000 6,740,000 866,000 1,171,000 742,000 1,471,000 91,000 31,000 72,000 34,000 35,000 92,000 432,000 25,000 500,000 52,000 43,000 57,000 99,000 18,000 ,1,000 1941 45*6 Jan. 24 23*6 Dec. 30 1945 24 1974 80 76 warrants... Deb 6s— 1975 5Hs 1959 United Lt ft Rys 5Hs....1952 6s series A......... 1952 - j 1,000 693,000 1,475,000' 5s series D............1956 'w riMtbuiu Mft 5H« registered..... 1940 pane 53 June 24 32*6 Jan. 20 33*6 Jan. 3 Jan. 2 97 July 15 Jan. 2 92 June 17 Jan. 6 106*6 May Jan. 2 96*6 Sept. Jan. 2 115*6 Oct. Jan. 2 90*6 July Mar. 26 102 Oct. Jan. 2 103*6 July Apr. 3 107*6 Dec. June 2 I I 83*6 Jan: 91 *6 Jan. 5 23 23 13 3 2 22 106*6 May 21 Aug. 4 Apr. 18 Dec. 7 Oct. 5 2 9856 Dec. 30 2 101*6 Sept. 25 96*6 Jan. 14 100*6 100*6 May 1 104 95*6 Jan. 2 104*6 101 Oct. 5 101 1946 —j—194ft .. 72 105 Deb 6s aeries A 1973 Utah Power ft Light 4Hal944 6s series A .2022 UticaGasftEISsE 1952 6s Is series B -Dec. 29 100*6 81*6 104*6 75*6 92*6 90*6 105*6 125,000 Valvollne Oil 7s 1937 45,000 Vamma Water Power 5Hs *57 2,423,000 Virginia Pub Ser 5Hs A. 1946 4,000 2,000 196,000 53,000 98,000 Without United Indus 6 Hs 1st 6s United Lt ft Pow 6Hs In December Jan Lowest Astoria 1937 1958 1951 Wash Gas Light Co ffs Sale Prices m;°!« 70k 6s..........1944 ..2030 1,771,000 West Penn Elec 5s 328,000 West Penn Traction 5s..I960 937,000 Highest Sale Prices 44 Sale 37 % 37% Sale 101 % 102% 101 Vs 102 % Sale 107 % 107 107H 106 H 106% — 105 105 106 106% 104 106H Sale 80,000 Wash Ry A Elec 4s 547,000 Wash Water Power 5S...1960 Western Newspaper Union— 6,124,000 835,000 45,000 627,000 Lowest Sale Prices Dec. 31 Corp— 1st 7s with warrants... 1954 Ward Baking Co 6s Con* deb 1,731,000 Highest Sale Prices Dee. 1 BONDS (Concluded)Waldorf YEAR 1936 Price NEW YORK CURB EXCHANGE 12 Months 1936 3,636,000 376,000 649,000 RANGE FOR PRICES IN DECEMBER SALES AGGREGATE 53 NEW YORK CURB EXCHANGE JAN., 1937] 89 " Sale 106 H Sale West Texas Utll 5s A....1957 West United GAB 6%e A 55 Wheeling Elec Co5s—..1941 107 107 % Sale 102 % Sale Wis Minn Lt A Pow 5s... 1944 1966 Wisconsin P & L 4s A 105H 112H Sale . June 4 49% Dec. 10 Dec. 24 107 Jan. 16 Mar. 13 108% Dec. 15 Aug. 4 107% Nov. 25 Feb. 28 107 H Feb. 3 10 1 15 15 14 Dec. 29 7 73 69H Dec. 104 % Dec. 11 105% Dec. 31 7 112„ Dec. 23 110 Dec. 96% Dec. 29 97% Dec. 14 105 Dec. 29 106% Dec. 3 22 107 % Dec. 22 107 % Dec 105 % Dec. 19 107% Dec. 1 4 100% Dec. 21 102% Dec. Sale 105 111 97 % 106 107 % 09H Sale Dec. 1 49% Dec. Dec. 24 102 % Dec. Dec. 3 108H Dec. Dec. Dec. 29 107 Dec. 29 106K Dec. Jan. 103% Jan. 88% Jan. 105 Mar. 30 106 % Sept. 8 105 £ Dec. 19 100 Sept,17 112 Dec. 23 97% Dec. 14 107% Nov. 24 107% Nov. 23 107H Oct.*2 102% Nov. 19 106 Mar. 30 109 Sept. 17 99 Dec. 22 104% Jan. 28 103 % Oct. 17 103H Oct. 17 106% 107 101% Sale 274,000 Yadkin River Power 5s_.1941 1937 1,684,000 York Ry. Co 5s 58 registered. ..1937 4,000 N 77% Sept. 14 105% Dec. 31 Jan. 99 FOREIGN GOVERNMENT AND MUNICIPAL Agrlcul Mtge Bk Rep of Col— 20-year 7s ..Jan 15 1946 204,000 21 Dec. 1 18& Jan. io 27 22% Dec. 348,000 20-year 7s Jan 15 1947 1951 160,000 Baden (Germany) 7s 8 17 20' 26% Dec. 24 26% Feb. 21 20H Dec. 28 Jan. 7 May 28 Dec. 24 Buenos Aires (Pro*) 1,106,000 1.093.000 7Hi stamped 7s stamped...— C*uca Valley (Dept Colombia extl a 17s.. 647.000 Con* 223,000 Bk of Gorman Pro* Banks . 6s B 80 % Dec. 13 Dec. 7 ...1947 1952 of) Rep oi . 8% Dec. 3 7% May 15 22% Dec. 28 1948 .1951 22% Dec. 28 23 1 98% Dec. 5 92 r ~2% Sale* 2% Sale 2% Sale 2 H Sale 64 ; I," when issued - in t . ^ computing range, are given below: Carolina Power at$103H Light & pref., $7 30 ' i t Dec. Cash sales, in which no account is taken in com. r : puting range, are given below: (Continued from page 17) share on the common a Ideal Cement Co.—Extra dividend of $3.25 a share and a quarterly of $1 a share was paid Dec. 21 on the no par common stock. Regular dividends of 50c. a share were paid on Oct. 1 last and each three months previously* . Illuminating Shares Corp.—Extra dividend of 50c. a share on the class A stock, Payable Dec. 28. Income Foundation Fund, Inc.—Special dividend of l%c. a share was paid Dec. 23 on the common stock. Independent Pneumatic Tool Co.—Extra dividend of 75c. a share was paid Dec. 26 on the no par common stock. Indiana Gas & Chemical Corp.r-Initial dividend of $1 a share on the $6 preferred stock was paid Dec. 22 last. . 1 Industrial Rayon Corp.—Extra dividend of 50c. a share on the no par capital stock, payable Jan. 2. Industrial Securities Corp.—Extra dividend of 25c. a share and a regular quarterly of 20c. a share were paid Dec. 26 on the common stock. a „ Ingersoll-Rand Co.—Extra dividend of $4 a share was paid Dec. 23 on the no par common gtock. Inland Investors, Inc.—Dividend on the no par common stock Increased from 20c. a share to 65c. a share, payable Dec. 23. _ Intercolonial Coal Co., Ltd.—Extra dividend of $2 a share on the $100 stock, payable Jan. 2. , ■ i y Inter-Island Steam Navigation Co., Ltd.—Extra of 40c. a share and dividend of 30c. a share were both paid on the capital stock on Dec. 10. dividend bf $1.75 a share was paid a ; on i f International Button-Hole Sewing Machine Co.—Extra dividend of 60c. a share was paid Dec. 24 on the capital stock. International Mining Corp.—Year-end dividend of 45c. a share was paid Dec. 24 on the $1 par common stock. Investment Co. of America—Stock dividend of 15% or, at option of holder, $7 in cash, and a regular quarterly of 60c. a share..were paid on the common stock on Dec. 23. : Jackson & Curtis Securities Corp.—Dividend of $7.50 a share on ac¬ count of accruals on the $6 cum. pref. no par stock was paid Dec. 15, thus clearing up all accruals on the preferred stock. Jefferson Electric Co.—Dividend of $1.50 a share was paid Dec. 21 on the no par common stock and compares with quarterly dividends of 50c. a share previously distributed. Jenkins Bros.—Extra dividends of 50c. a share on the common and $2 a share on the founders' shares were paid on Dec. 19. r : ■ Johns-Manville Corp.—Extra dividend of $1 a share and the quarterly dividend increased from 50c. to 75c. a share. Both distributions were made on Dec. 24 on the no par common stock. . Jones & Laughlin Steel Corp.—Dividend of $2 a share on account of accumulations on the 7% cum. pref. stock, payable Dec. 23, and one of $1.75 a share on Dec. 15; the latter was the first disbursement made on this issue since Oct* 2, 1933* Feb. 27 92 22% Dec. 10 22% Dec. 28 17% Mar. Dec. 31 12 Dec. 31 Dec. 29 Dec. 1 Dec. 1 Dec. 1 Dec. 7 1 ; Elec. 1 June Dec. 31 Dec. 29 Jan. 3 Jan. 2 Jan. ; 2 2% Jan. June 19 Power Dec. 28 25% 31 % 2% 2% 2% 5s 2 65% Dec. 17 15H Dec. 31 17 Dec. 31 11% Jan. 4 11% Jan. 20 Dec. 31 Dec. 31 12% Sept. io L00 % Sept. 49 Dec. 18 16 Jan. 12% Sept. 92% Jan. 10 % Jan. 12K Jan. 1 May % May Dec. 28 Appalachian *■ .J ■ Assoc. Rayon Corp. 5s 1950, Dec. 11 at 99%. , nUndertbe rule sales, in which no account Is takeo , May 27 19M May 26 9 May 7 13% Jan. 4 9% Jan. 3 65% Dec. 17 15% Dec. 31 Sale Deferred delivery sales, in which no account is taken in computing range, are given below: a "conv." convertible, ••m." mortgage. Interlake Steamship Co.—Extra the common stock on Dec. 19. 21 Jan. 17 Abbreviations Used Above: par common Apr. 22 28% Feb. 26 28 H Feb. 5 32% Jan. 28 26% Jan. 27 16% Dec. 22 23% Dec. 21 19% Dec. 28 18 25% 31% 1% 1% 1% 1% 10H Sale "w w "with warrants. "x-w. * without warrants Hygrade Sylvania Corp.—Extra dividend of $1 stock was paid on Dec. 21 last. 73 63 16 •**w non-voting* "vtc," voting trust certificates. Dec. 31 Dec. 31 Dec. 18 156 Abbreviations Used Above (Cant.)— "cod," certificates of deposit "cons," consolidated, "com," cumulative. 5 22% Dec 10 22HDee. 28 v x Dec. 24 101M Dec. 21 2 Aug. 18 18 Dec. De. Dec. Dec. Dec. Dec. 22 23 % Dec. 21 19 % Dec. 28 7s Issua of Oct 1927 1947 103,000 531,000 Mtge Bank of Chile 6s... 1931 6s stamped............1931 10,000 338,000 Mtge Bank of Denmark 5sl972 2,640,000 Parana (State of), Bras 7s. '58 822,000 Rio de Janeiro 6Hs.....l95V 1,311,000 Russian Govt tMi......l91i Certificates of deposit... 2,231,000 956,000 5H«----——-----1921 Certificates of deposit... 970,000 Santa Fa (City) Argentina 7s stamped.. 182,000 ...1945 638,000 Santiago (Chile) 7s 1949 7s 1961 123,000 No par value, Sold under the rule. Deferred delivery sale, Sold for cash* Ex-dividend. 89H Jan. 60 62% 24% 24% 23 % 23% 16% Mandosa (Pro*) Argantlna 7^8-48 stamped.......1951 Mtge Bank of Bogota— 7s Issue of May 1927 1947 72.000 • 18 33 H Mar. 27 23 Dec. 24 34 Jan. 15 95% Jan. 18 102 July 15 Dec. 24 99% Dec. 920,000 a Dec. 28 85K Dec* 22 State A 6s A 1952 158,000 415,000 Danish Cons Munlc 5)4*-195ft 0S 1953 304,000 Danalg f A Wat*way Bo axtarnal s f 6 He 276,000 -1953 666,000 German Cons Munlc 7s.. 1947 6s 1947 732,000 175.000 Hanover (City) Ger 7s... 1939 .1949 197,000 Hanover (Prov) 6Hs 266,000 Lima (City), Peru, 6Ht—1958 1958 262,000 Maranhao (State) 7s 630,000 Medellln (Colombia) 7s.. 1951 n 88 85 1956, Dec. 31 at 104 Birff.^Niag. & East. Power $5 1st pref., Dec. 11 Central Bank of German State & Prov. Banks 6s A 1952, Dec. 31 at 21. i Central States Electric 7% pref., Dec. 30 k-at 43 H;:.V;^ ^± Continental Oil of Mexico, Dec. 30 at %. General Rayon A stock, Dec. 30 at 1. New York Shipbuilding Co., Dec. 30 at 8. Willow Cafeterias, com.. Dec. 31 at 1. ; - Kalamazoo Stove Co.—Dividend of $1.50 a share was paid Dec. 21 on the $10 par capital stock. This compares with a quarterly dividend of 25c. a share and an extra of like amount paid on Nov. 2 last. Kellogg Switchboard & Supply Co.—Dividend stock increased from 10c. a share to 15c. a share, on the no par common payable Jan. 31. Kelvinator Corp.—Extra of 50c. a share and a quarterly of 12 He. a share on the no par common stock, both payable Jan. 2. :j Kermath Mfg. Co.—Stock dividend of 10% and a regular quarterly cash dividend of 10c. a share on the common stock, both payable Feb. 1. Keystone Watch Case Corp.—Extra dividend of $2.50 a share was paid Dec. 15 on the common stock. King Oil Co.—Special dividend of 17c. stock on a share paid was on the common Dec. 21. (G. R.) King & Co.—Dividend of $1 a share in scrip on was paid on Dec. 28 the preferred stock and was the first dividend paid on this issue since April 15,1931. (D. Emil) Klein Co., Inc.—Extra dividend of 25c. a share was paid Dec. 24 on the no par common stock. (J. B.) Kleinert Rubber Co.—Special dividend of 40c. a share was paid Dec. 24 on the no par common stock. Knott Corp.—Special dividend of 20c. a share was paid Dec. 22 on the common stock. Kobacker Stores, Inc.—Dividend of $1 a share was paid Dec. 21 on the common stock, the first since May 31,1930, when a amount was distributed. < (S. H.) Kress & Co.—Extra dividend of 50c. a share was paid Dec. 12 on' the new and larger amount of common shares now outstanding. (B.) Kuppenheimer Co., Inc.—Dividend of 50c. on the common stock, a share was paid Jan. 2 the first since July 1,1931. Laclede Steel Co.—Dividend of 45c. share a was paid on the common stock on Dec. 26 last and compares with 15c. a share paid in previous quarters.-1 ■■ /,.:■/ 1 ^ . • •* , . Lawrence Portland Cement Co.—Dividend of $2 a share was paid Dec. 19 on the common stock, the first since June, 1931, when $1 a share was distributed. * , ^ Leath & Co.—Dividend of 50c. a share stock, the first since Sept. 30,1930. paid Dec. 21 on the common was ; . , (H. D.) Lee Mercantile Co.—Extra dividend of 75c. share was paid a Dec. 22 on the no par common stock. Lehigh Coal & Navigation Co.—Special dividend of 30c. a share was paid Dec. 24 on the no par common stock. Lehigh Portland Cement Co*—Special dividend of $1 a share was paid Dec. 21 on the $25 par common stock. Lehman Corp.—Special dividend of $1.50 a share on the capital stock, payable Jan, 8 next. Liberty Share Corp*—Dividend of 25c. a share was paid Dec. 21 on the common stock and compares with a previous payment of 10c. a share made on Sept. 30,1931* (Continued on page 56) RANGE OF PRICES ON CHICAGO STOCK EXCHANGE Stock Sales 1936 December Jan. 1 to Dec. 31 "* 1935 ; SharesJV 1,564,000 Bond Sales December.... 1,502,000 12,456,000 19,456,000 „ 1936 1935 $16,000 194,000 ...... Jan. 1 to Dec. 31 $13,000 429,000 • ?!/ <*••••! ; \J AGGREGATE 1936 % 9 BONDS 1936 Bid 1927 Dec. 1 72 75 20 73 73 71 73 1,000 Shares "7,450 580 5,300 5,800 Commonwealth Edls 5s B 1954 9 112 10 14 208 So La Salle St Bldg— 1st mtge 5ttS-.._ 1958 28 30 9,850 33,300 11,160 11,300 145,140 20 90 \ 3,950 11,800 "5",656 10,200 710 9,200 2,050 780 650 • 450 5s series A_. .......1927 Con mttfe 5s B 1927 71 71 71 24 26 11 Highest Lowest Highest 1 Sale Prices Sale Prices Sale Prices 76 Oct. 8 1 81 79 79 79 81 81 81 2524 1224 27 83 26 82 mm m m mm.«► mm m mm, m m'/m mp 4* 1324 82 8024 Dec."22 "8024 Decl'22 83 81 81 83 82 Dec. 30 Dec. 15 32 16 34 322* Dec. 28 81 Dec. 30 Doc. 15 82 322* Dec. 28 1724 "l5~" *1624 "ii"" "14*" 35 mm; ,m mm m ,>v#*».*•«* 80 80 81 muz mm •• . Par. Abbott Laboratories com...* New Adams (J D) Mfg com Adams Royalty Co com 100 Annex Hotel Co 260,720 203,650 72,500 1,350 93,660 17,400 2,960 390 """620 71 * 30,100 Allied Products Corp cl A.25 44,500 Common.... .....10 1,020 Altorfer Bros cons pref * 16,610 American Pub Serv pref._100 1,390 """970 1724 Chicago City Ry 6a 1927 Certificates of deposit Chicago Railways 5s 1927 1st mtge 5s ctf of dep..1927 101 com 53 X 17* 6* 5 2* Sale '20H "22" Sale 17 18 m \ 5 9 24 Sale 51 42"' Rights Automatic Washer conv 182* 43 46 47 !?* I?* "1H Sale 724 Sale 324 Sale 52 24 Sale 424 Sale 3024 31 * "3"" Sale' _* 18 ...100 100 common. 220 Balaban & Katz pref 192* — 12,350 Common ........1 78,450 Bruce Co (B L) com ..* 520 Bucyrus Monlghan class A__* 132* Sale 82* Sale 724 Sale "2)4 ""224 14 Sale 1324 "26"" Saie" 12,250 2,920 150 110 2,880 132* Sale Butler Bros 10 ~82* Sale" 23,590 Castle Ac Co (A M) com 10 4,210 Cent Cold Storage Co com.20 51,640 Central 111 Pub Serv pref...* 58,400 Common.................l 26,750 Convertible preferred....* 800,120 Central 22,795 Prior S W Util 1 com Hen preferred......* 450 36,270 Preferred 8,830 Central States Pr & 860 15,780 Chain Belt 17 59 « 17 X Sale 160 1 Sale 15 16 VA Sale 49 X Sale ...* 22 pref.* 7 Co com.........* 34 42 105 Lt 4,890 Cherry Burrell Corp com...* v 200 600 70 2.450 765 80 410 Preferred 100 Sale 8 37 Sale 300 810 550 300 200 7,520 250 60 64,400 1.450 5,040 6,900 2,950 "4", 750 24,150 ......* Chicago Chicago Chicago Chicago Chicago com.. "25" "2614 1 29 21 23 2 Dec. 29 1072* 2524 112* 1024 312* 752* 29 19 12 21 22 23 2324 2924 Dec. 21 2 224 2 552* 56 50 52 2* 53 Dec. 12 Dec. 7 13 15 132* 15 14 Dec. 22 conv pref * Dec." 8 182* Dec. 18 2124 Dec. 10 2824 "Dec." "I 122* Dec. 1 122* Dec. 372* Dec. 902* Dec. 1092* Dec. 3 10 3 10 Dec. 14 Dec. 28 14 Dec. 30 5 232* Dec. 16 2* "Dec." "l 3224 Dec. 1 324 Dec. 54 3 1424 Dec. Dec. 5 5 7024 Dec. 31 Stock trust ctfs for com..5 6% prior preferred A...100 8,590 f 6,120 7% page 56 cum preferred......100 May 7 July 10 1324 Dec. 2 Jan. 132* 1022* 1924 1834 624 : July 14 27 2* Jan. 20 Dec. 23 2 2 Apr. 30 2124 Jan. 724 Jan. 17 2 July 28 3 Jan. Oct. Dec. 2 Nov. 64 Dec. Nov. 20 Aug. 11 Mar. 6 Mar. 20 Jan. 21 25 6 1624 Jan. 23 24 Dec. 31 1824 Oct. 27 924 Nov. 4 14 232* Dec. 5 33 May 14 1624 Nov. 19 2924 Dec. 21 3324 Nov. 28 124 Jan. 6 382* Jan. 20 13 1 Dec. 17 Dec. 14 Dec. 30 Sept. 30 Jan. 14 8 Dec. 28 Dec. 2 5 Jan. 30 5824 Oct. 10 17 Feb. 6 7424 Oct. 9 35 Sale 15 69 75 67 97 6824 Sale 70 75 68 71 a 1 Dec. 1 12 Dec. 24 Dec. 24 iH 2* Dec. 42* Dec. 524 Sale 442* 46 2524 27 Sale 26 44 3 5324 "324 Sale" 5424 25 54 47 25 58 Dec. 14 Dec. 29 Dec. 1 24 34 24 105 106 324 Sale 105 Sale 105 424 Sale 324 124 2 2* 124 34 34 1192* Sale 11224 47 Sale 45 J* «VA 35 Sale 11424 Sale 4624 Sale . , "92* Salor 91 7 Sale 22* 5 Sale 8J Sale 24 Sale . 724 324 Dec. 15 24 Dec. 15 2* Dec. 16 Dec. 16 Dec. 29 27 28 Sale 5 » 32* Dec. 224 Dec. 29 1 6 3 1 2 Jan. Dec. 3 424 Dec. 15 2 Dec. 2 35 Dec. 1 11924 Dec. 17 Dec. 22 Dec. 28 "924~Dec."~3 4724 Dec. 15 s 24 Dec.' 1 "§"*"Dec"."36 324 Dec. 14 22* Feb. 11 23 Jan. 18 Aug. 14 Apr. 29 4 44 Jan. 18 June 25 2 3324 Jan. 15 26 May 13 Aug. 7 Mar. 16 Nov. 27 Feb. 1 25 _ 4 Jan. Jan. 24 7 27 16 22 28 6 21 22 22 Dec.116 Dec. 16 342* Apr. 4 10624 Aug. 28 May Sept. Jan. Sept. May Dec. June Feb. Jan. Jan. Dec. 14 Dec. 30 Feb. 29 Dec. Feb. Feb. Nov. Jan. 5824 Nov. 31 Jan. Feb. Jan. Jan. Dec. 16 Jan. Nov. 21 424 Dec. 3 3 1002* Dec. 17 4 68 Sept. 24 22 24 Feb. 17 3 Jan. 8 73 74 4024 Jan. 6 105 Feb. 29 105 . Dec. 24 9 Dec. 29 Dec. 14 Dec. 4 2024 May 24 Dec. 16 28 2 Jan. X Dec. 15 2* Dec. 16 Dec. 2 Dec. 19 Dec. 49 Dec. 15 Dec. 22 106 Dec. 21 Jan. July 6 124 Apr. 30 24 Dec. 24 24 Dec. 16 524 Dec. 1 1 28 Dec. 21 Dec. 29 Dec. 30 57 4 —— Dec. 30 1124 July 14 July 24 724 Jan. 8 32 1424 Dec. 67 1424 7 3 9 3 2224 Apr. 28 10724 Feb. Dec. 17 Dec. 4 61 6 30 324 Dec. 19 9524 Dec. 1 60 D o. 2 9524 Sale 612* Sale 1424 Sale 11 31 Jan. Dec. Sale 17 21 Mar. 4 Nov. 16 Dec. 18 Nov. 30 Jan. 29 Nov. 20 Dec. 10 27 27 202* Apr. 124 Dec. 18 152* Dec. 29 4 23 Dec. 14 Jan. 24 June 29 Dec.""8 3 Oct. I Dec. 14 4 Nov. 30 ., 672* Dec. 3 Sept. 24 Oct. 27 Dec. Jan. Jan. Nov. Dec. Feb. Jan. 124 Sale 1524 Sale 324 Sale 98 100 Xi ~7H "lSH 21 1 7024 Sale 15 104 t Jan. 6 12* Sale 1724 Sale "32* ""32* 3 24 Sale 3 Sale 32 34 9 614 Sale \ May 15 23 10 682* Sale 5724 Sale 101 9 _ Jan. 9 26 l32*"D"ec"."22 Not. 52* Jan. May 31 Sale 14 30 5 46 21 Jan. 23 Sale 162* Sale 3224 Sale July 24 i Aug. 24 Sept. 22 9 1124 June 29 Dec. 4 Dec. 28 June 40 1324 Dec. 21 9 Dec. 1 2 1824 Dec. 972* Jan. 30 20 Dec. 10 72* Dec. 30 424 Dec. 11 61 Dec. 1 10 322* .i. 21 Participating ctfs "3".. 100 Part ctfs "4s"_......... 100 Chic Rivet At Machine cap..* 250 Congress Hotel Co com...100 49,700 Consolidated Biscuit com... 1 195,050 Consumers Co com.... __5 see | 3724 Feb. 16 22 1524 Dec. 17 11 21 112* 1224 2224 Sale 46 At N W Ry Com-.100 73,160 Commonwealth Edison...100 24,250 Compressed Ind Gases cap..* 2,360 7 7 7324 Dec. 14 43 2 5 Cities Service Co com • 22,280 Club Aluminum Uten Co...* 7,300 Coleman L'p At Stove com * For footnote* 1 [ Feb. 13 I Nov. 17 2034 23 2124 2324 Sale 772* Sale 107 2* Sale Rys part ctfs I 100 Part certificates 4,2"....100 1,510 Chicago Towel Co """410 Dec. 30 1 1 I 1 I I 1 5 322* Dec. 28 102* Nov. 5 1324 Nov. 27 112 May 29 112 May 29 1224 Sept. 16 1224 Sept. 10 Dec. 4 Dec. 3 Dec. 19 1 1324 Sale 2424 Sale 24 24 r "Dec,* Dec. Dec. Dec. Dec. Dec. .072* Dec. 212* Dec. 2324 Dec. Sale Sale 524 Sale Electric Mfg A • Flexible Shaft com.5 Mall Order 996,156 100 Apr. 30 15 2 19 Sale 36 87 •--i? ... 140 ' Common 2,150 Participation preferred...* 744,650 Chic Corp common........1 71,650 Preferred .._.* 1,180 29,750 5,150 17,750 1,520 22 24 502* Oct. Chic City At Con Ry— 50,300 5,650 81 8224 Nov. 9 Dec. i|H "1924 182* Sale Sale" 1Q9 2 22* Sale 5% convertible preferred 30 6,300 Canal Const Co conv pref 310 4 8024 Dec. 22 Dec. 30 Apr. 30 724 Dec. 22 924 Dec. 1 724 Dec. 14 20 Cent 111 Secur Corp— 18,650 4,600 73,100 1,860 3,170 Nov, 81 5 Dec. 1324 Dec. 16 122* Sale 12 Dec. Dec. Dec, Dec. Dec. Dec. 132* Dec. 2024 Sale 182* Sale 202* Sale 282* "224 ""324 33 ... , 784,356 702* Mar. 20 162* July 10 79 70 17 &£"£o Dec. 28 19 4524 2524 Sale 1,820 Barber Co (W. H.) com 1 4,050 Barlow & Seellg Mfg A com..5 165,130 Bastlan-BlessingCocom * 624 Sale 100 Beatrice Creamery com 25 354,700 Bendlx Aviation Corp com-.5 23 24 Sale' 190,920 Berghoff Brewing Co .....1 724 Sale 28,380 Blnks Mfg Co capital 1 324 Sale 133,020 Bliss Ac Laughlln Inc cap...5 59,070 Bora-Warner Corp com It 70X Sale" 2,970 7% preferred 100 108 X 109 6,450 Brach Ac Sons (B J) com.....* 16 H 17 11,050 Brown Fence Ac Wire cl A * 29 Sale 17,870 Class B • 2924 Sale 7,400 6 31 Oct. 5324 Dec. 7X Dec. 29 "22"" "22" 232* Sale r92* Sale; pf 5024 Dec. 22 152* Dec. 29 5 Dec. 10 824Sale 21 % Sale 41 5 com 1624 Sale 62? Athey Truss Wheel capital..4 Automatic Products Sale 152* cap..100 Armour Ac Co common..... Asbestos Mfg Co com ...1 Associates Invest Co com • 2,340 Backstay Welt Co 26", 900 8 Oct. Aug. 3724 Feb. Brown Fence Ac Wire— 4,600 7,300 76 16 78 1 I i'V- 38 Sale 1724 62* Advanced Alum Castings.. 350 Alnsworth Mfg Corp com..10 3,450 1734 79 Ask STOCKS Shares. "l",205 •68,200 17,050 3,900 1,350 2,050 Chic City Ac Con Rys 5s..l927 Lowest Sale Prices Dec. 31 Ask Bid 81 80 24 19 113 Metr West Side El ext 48.1938 1,000 1,000 Bid 79 Ask 11,000 10,000 52,000 1,000 56,000 6,000 50,000 5,000 1,000 12,000 | Jan. 2 *2,000 Cat Ac So Chic 5s ctfs "2", 006 RANGE FOR YEAR 1936 Price 12 Months December . PRICES IN DECEMBER STOCK EXCHANGE In Vc CHICAGO SALES • 72* Feb. 4 324 Jan. 29 Feb. 7 11924 Dec. 17 7224 Aug. 5 18 Jan. 30 112* Aug. 14 Feb. 11 Feb. 10 Feb. 15 Feb. 15 38 JAN., 1937] AOOREOATB CHICAGO SALES 1936 Shares Shares STOCKS 145,850 490 2,420 587,300 118,300 8,270 4,530 ' 1,150 :;Cy 1,870 7,470 650 126,540 29,100 70 340 . Preferred , 1,150 ' Continental Steel .. Par • com.. ...........100 5 Cord Corporation Crane Co com Preferred. J5 100 ,, Cudahy Packing Co pref.,100 Cunningham Drug Stores 2% Curtis Lighting Inc com .* Dayton Rubber MM Cum class A pref Dec. 1 1936 Vyyj, 160 30,250 3,450 RANGE FOR YEAR 1936 Jan. 2 2,050 V 55 Price 12 Months December EXCHANGE PRICES IN DECEMBER CHICAGO STOCK EXCHANGE In STOCK * com ....35 Ask Bid 425* Ask Bid Bid Sale Sale Sale 108 J* 113 27 120 Sale Sale Sale 5V* Sale 107 1 4 6 35* 105* Sale 20 20 32 Sale Lowest Ask 27% Sale 98 ,104 4% Sale 40% Sale Highest Sale Prices 25 99 Lowest Sale Prices Dec. 1 Dec. 3054 Dec. 10 De^ lb 554 Dec. 4 50 Dec. 21 13354 Dec. 1 168 Dec. 21 2254 Dec. 14 55* Dec. 19 213* Dec. 18 323* Dec. Highest Sale Prices 25 Nov. 23 1 1023* 45* Dec. 21 4254 Dec. 21 1355* 120 X Sale 120 Sale 10754 Sale 1075* 22 22% 213* "5% 4% ' 5 5 Sale 10% Sale 185* 33 30 31% 31 133 1065* Dec. 31 Sale Prices 47 Apr 2 975* Aug. 30 5 117 3* Jan 8 Mar 24 354 Aug. 27 Dec. 2 2354 May 8 50 2 Dec. 10 120 Dec. Jan. 1035* Oct. 21 110 15 213* Dec. 21 223*»Dec. 23 2 Dec. 23 Dec. 8 Dec. 9 Dec. 4 Jan. 25 141 Nov. 9 Jan. 4 105* Jan. 195* Jan. 4 215* Dec. 3 33 Nov. 30 14 Dec. 10 Dec. 11 9 Mar. 17 9 Decker (Alf) 8c Cohn— 9,600 40 44,660 y Common.............. 550 • Preferred.... 1,150 1,050 3,450 v 22,250 Dixie-Vortex Co com———* Class A * 6,930 54,560 Econ Cunnlngh'm Drug com * 190 : 1,010 Deep Rock Oil conv pref .* 11,830 Dexter Co (The) com —5 H 950 y De Mem Inc preference.....* 11,110 Eddy Paper Corp (The).....* 173,310 El Household Utll Corp 5 41,090 Elgin Nat Watch Co......15 20 Fair (The) preferred......100 24,900 610 20,600 220 4,820 1,970 21,200 29,250 152,210 390,250 71,350 67,890 114,360 160,510 70 200 900 27,900 49",700 360 950 10,750 11,550 2,650 1,000 6,350 8c Dredge Co com.... ..* Gardner Denver Co com....* S3 9H Sale 18 23 12% Sale Dec. 92 87 31 Dec. 93 10 11 50 30% 93 3154 Dec. 17 10 27 17 26 7 Dec. 14 30 313* Dec. 17 195* July 3 Sale 21 Sale 3854 Feb. 954 Jan. 4 215* Jan. 24 1834 July 3854 May 1634 Jan. * 6 23 Apr. 30 95* Nov. 13 275* Jan. 16 415* Dec. 225* Dec. 8 8 30 Jan. 4 185* Jan. 8 87 50 16 87 Nov. 18 Nov. 16 17% 400 100 10 165* 165* 21% 29 % 25 Sale 17% Sale 8,450 7,150 14 Dec. Dec. Dec. 18 Dec. 28 Dec. 12 3954 Dec. 29 Dec. 2 "23"" "26" 235* Dec. 415* Dec. 225* Dec. 1 8 8 25 1 105* Sale Dec. 28 Dec. 21 11% Sale 305* Sale Dec. 29 45* Jan. 11 Jan,r 4 Dec. \VA 12 Dec. 23 Sale 26 cum conv 16 717 40 ..... 41 165* 17 15 53 58 5854 Sale 64% 20 pref.. General Candy Corp A ..5 General Finance Corp com..l 11" '11% Gen Household Utll com....* "3 5* Sale Common (new) 8% 23 Goldblatt Bros Inc com.....* 23 Sale Great Lakes DAD 29 5* Sale Grelf Bros Coop A * Dec. 115* Dec. 12 4154 Dec. 3 o29 Sale Heller (W E) pref w w Without warrants (Geo) 65 175* Sale 5 Sale Sale "16"' 28 30 Sale 405* 45 435* Sale 26 J* Sale Dec. 29 x!7 Dec. 10 454 Dec. 1 31 75* Dec." 17 2854 Dec. 8 41 40 Sale Sale 41 2454 Sale Sale 25 24 ...25 com. 25 * A..* com 135* 145* Sale 35 12 % 17 40 Sale 185* ~ 15 Sale Sale 1 common Hormel 8c Co 62 15 545* Dec. 10 643* Dec. 19 Dec. 30 163* Dec, 154,630 540 222,790 J arris (W B) Co capital.....1 9,000 Jefferson Electric Co com...* 49,470 3,210 5,260 10,880 53,485 10,850 116,550 2,940 1,790 19,207 :• a.110 154,610 40,200 123,650 170 3,510 "5.006 4,150 ""200 510 260 16.400 "l3",850 2 540 Kalamasoo Stove common..* Rights w 15 Dec. 29 23 Apr. 60 July 21 19 Jan. Oct. Jan. Nov. Jan. Dec. Jan. Jan. Jan. 105* Sale 2 11 % 7 454 3 "I654 D"ec."2 3254 Dec. 10 45 Dec. 1 40 Dec, 30 235* Dec. 29 435* Dec, 7 27. Dec. 1 1254 Dec. 1454 Dec. 95* Dec. 255* Dec. 24 Dec. 42% Dec. 17 Dec. 19 V;; Dec. 4 1554 1554 1054 265* Dec. 11 Dec. 15 Dec. 1 Dec. 9 26% 25 27 y 24 29 175* Sale 17 20 Sale 193* 245* Sale 1754 20 Sale 165* Sale 2454 255* 41 4254 4 25 Dec. 28 8 1 22 31 62 Dec. 554 Dec. 19 4254 Dec. 31 175* Dec. 1 23 20 Dec. 6 Jan. 95* Jan. 85* Jan. 25 July 205* Feb. 30 May 305* Sale 85* 95* 101 180 6,280 8,200 152,350 10,610 28,960 1,400 46,260 44,850 22.380 390 400 "8" 750 3,250 500 15,630 1,050 1,300 71,120 3,190 1,150 65,630 1,260 269,500 13,650 242,830 9,620 1,600 237,450 1,188,200 184,255 492,900 13,300 120 750 15.240 40 19,800 350 20,550 1,060 40 21,950 85,650 18,150 37,150 22,500 2,380 2,460 180 67 20 , 600 180 127,050 1 Preferred 100 ......... 415* 360 1,950 4,500 84,310 119,550 1 215* Sale 425* Sale 225* Dec. 16 28 Deo. 3 21 Dec. 16 24 Dec. 1 42 Dec. 28 45 Dec. 7 Kingsbury Brewing Co cap. Kuppenhelmer cl B com....5 7 $3.50 preferred Lindsay Light com * .....10 Preferred. .......10 Lion Oil Ref Co com ....* Loudon Packing common...* Lynch Corp common 5 McQuay-Norris Mfg • ....5 com.... * McWUUama Dredging Co....* Manhatt-Dearborn Corp com* Mapes Cons Mfg capital * '375* 2H 29 3 Gypsum A National Leather n-v com.5 10 com * see page 34 60 July 14 20 Jan. 2 14 Sept. 17 225* Dec. 16 1834 Feb. 25 313* June 29 Feb. 10 Nov. 20 Dec. 7 26 45 , 6 Mar. 18 27 50 Sept. 32 31 70 Jan. 17 39 Dec. 15 Dec. 22 83. 6 305-1 Feb. 2454 Mar. 19 Feb. Apr. 29 May 27 Dec. 1 Dec. 19 155* Dec. u Nov. 18 Nov. 24 10 Dec. Dec. fpr- Dec. 10 18* 75 Oct. 6 June 16 Oct. 6 Sale 39% Sale Sale Sale 2% Sale 1 8 130 mm Sale 21 25* Sale 54 96 Dec. 10 36 Dec. 10 80 Dec. 1 15* Sale 385* 405* 75* 8 27 2854 l6 Sale 115* 12 415* 43 Sale 4 25* Dec. OH Sale 30 154 Dec. 21 30 2H Sale Dec. 1 73* Dec. 21 2654 Dec. 23 95* Dec. 21 11 Dec. 43 Dec. 22 354 Dec. 12 1 254 Dec. 535* Sale 43 50 Dec. 24 42% Sale 4054 42 51 54 Dec. 23 Dec. 15 Dec. 16 Dec. 5 Dec. 17 Dec. 17 59% "2% Sale' 223* Sale 25* Sale 215* 24 2054 Sale 60 24 63 313 4 25 54 Sale 335* 30 Sale 12 54 Sale 55* Sale Dec. 22 854 Dec. 29 64 Dec. 2 Dec. 1 Dec. 10 Dec. 18 Dec. 2 Dec. 2 654 Sale 3154 335* 27 30 Sale 4 1254 Sale 55* Sale Dec. 19 Dec. Dec. Dec. 4 Dec. 21 Dec. 30 Dec. 29 Dec. 11 10% Sale 7 Sale 75* Sale 3 45* Ik 75* 50 Dec. Dec. li* Sale JW 31 225* 275* 22** Dec. 28 Dec. 30 Nov. 23 35* 95* 75* 554 A J* 1H a A Sale 1H Apr. 54 27 Jan. 46 Nov. 18 50 June 62 333* Dec. 28 32 Dec. Aug. 10 Apr. 13 Jan. 25 Mar. 14 Nov. 29 Mar. 26 Jan. 23 25* Dec. 1 Dec. 7 225* Dec.' 1 5854 Dec. 12 75* Dec. 7 34 Dec. 17 25 27 Dec. 18 45* Dec. 9 135* Dec. 23 55* Dec. 4 % Dec. 5 12 Dec. 14 754 Dec. 10 754 Dec. 5 19 22% Dec. 1 285* 295* 285* Dec. 29 31 1 57 64 68 575* Dec. 1% Dec. 67 5X 30 : 5K 32 JkV* 5Q 15* Sale 12 15 85* Sale 30 9* Sale" 32 X Sale 3*1 4 6 10 10H Sale 16 Sale 30X 8 Sale f5—18"" v--yr 15* Sale 415* Sale 654 Sale — 12 28 15 Sale 295* 635* 66 39 Sale 22 954 52 Sale" A* Sale 18* 7 15 135* Sale 255* 73 * 39 *28A Sale Sale 1155* 2154 "225* 15 1154 D"ec.""4 253* Dec. 19 Dec. Dec. Dec. 84) 1 July Aug. 115* Jan. 31 20 27 45 100 25 Oct. 55* Apr. 8 35 293 43 255* May 18 Jan. 25* Jan. 7 Apr. 354 July 5* Jan. 25* Jan. 5* Jan. 1 Mar. 15* Jan. 1 Mar. 5* Feb. 5* Jan. 35* Jan. 385* Jan. 63* July 485* Dec. 295* Apr. 17 Jan. Dec. 11 28 13* 73 1 July 29 Aug. 4 Dec. 9 Oct. 30 Feb. 10 Feb. 7 Feb. 6 28 28 28 28 Nov. 4 Sept. 28 Sept. Sept. Sept. Sept. 15 10 12 7 6 Jan. 15 Feb. 21 Jan. Oct. 35 Apr. 285* Dec. 29 20 18 3 Dec.30 1% Dec. 15 155* Dec. 7 95* Dec. 15 5354 Dec. 17 31 Dec. 29 15* Dec. 4 4154 Dec. 12 75* Dec. 4 Jan. 6 25 Oct. Apr. 8 33 May 28 2 6 2 3 385* Jan. I7* Jan. 13 July 55* 325t 265* 5* Jan. Jan. Dec. Jan. 26 Apr. 35* Jan. 10 65* 2 5* Jan. 5* Jan. 8 2 Dec. 10 854 Dec. 23 51 Dec. 2 265* Dec. 23 15* Dec. 1 3854 Dec. 9 6 Dec. 21 13 54 Dec." 17 275* Dec. 7 73 3 30 8 41 28 Dec. Dec. 11554 Dec. 24 11554 Dec. Dec. 12 21 225* Dec. 36 6 33 20 154 Sale 29 Dec. 22 16 17 30 27 31 11 1 54 Dec. 1 445* Dec. 10 545* Dec. 18 18 155*, 1554 Jan. 29 16 17 Jan. 225* Sale 3054 Sale 59 Oct. Oct. 355* Jan. 125* Nov. 135* July 50 July 65* Jan. 105* Feb. 175* Dec. 85* Feb. 545* Feb. 34 X Sale 40 31 Dec. 22 9 ; 52 17" "i§"" 35* Jan. 43 Jan. 28^ "Dec"." 3 Dec. 29 Sept.11 Jan. Apr. 30 4 17 7 13 2854 Feb. May 19 29 3554 Jan. 21 45 Feb. Jan. _85* Mar. 20 Jan. Dec. 754 Dec. 24 485* Dec. 23 10 255* Dec. 14 100 Jan. 154 Jan. 105* Dec. 125* Dec. 45* Dec. 8 35* Dec. 1 75* Dec. 30 47 Dec. 2 85* Dec. 4 50 Dec. 2 3 435* Aug. 25 905* Aug. 20 Apr. 1 Sale ""% ""% 134 Nov. 25* Dec. 15 43 Sale 2 75 10 74 3 1754 Dec. 31 654 Dec. 3 445* Dec. 1 64 27 15 1 Dec. 22 Dec. 22 Dec. 29 51 26 Sale 2 Dec. 10 Dec. 14 Sale Sale 38 Sale IX Sale 3954 Dec. 1954 Dec. 21 Jan. July 345* Feb. 18 30 36 " 385* 28 H Sale 50 575* 55 62 56. 4 Nov. 18 18; Feb. 28 110 Dec. 6 • com 14 16 95* 12 165* Sale Class A common...._....* 7% cumul preferred....100 National Mar. 50 39 5* 8ale 5 7 55* Middle West Utilities com..* Nachman Jan. 15 Sale Middle West Corp capital 5 Stock purchase warrants.. * 22 32 Dec. Sale 9 24 cl. A 14 Dec. 28 2H 10 Mer 8c Mfrs Sec cl A com... 1 Prior preferred.. .._* pref. "*A" Jan. 15 Sale 3 5* 28 5* 23 12 62 5* cony. 100 4 2 29 275* Oct. 29 425* Dec. 31 175* Dec. 1 44 130 Marshall Field 8c Co com...* Masonite Corp common.....* Metropol Ind Co allot ctfs... Mlckelberry's Food Prod coml 22 17 155* Dec. 11 17 Apr. 9 135* Apr. 23 1554 Sale 10 Sale . McCord Rad 8c Mfg "A" McGraw Electric com 9 15 3 454 Apr. May 42 Lincoln Printing Co com ...* $6 225* May 8 May Nov. 30 Sept. 10 335* Apr. 7 55 Nov. 9 445* Sale 80 680 Okla Gas 8c El 7% pref....100 3,240 Ontario Mfg Co com • F«r footnote* 24 "17" "Dec. '22 "l954 D"^c"."16 45 *46 Sale 163 103 24 219,860 Northwest Bancorp com....* 71,500 Northwest Eng Co com * 6,080 Nor West Utll pr lien pref. 100 11,760 7% preferred 100 I 20 Sale 33 % 13 5* Sale 75 5* Sale 1 15* 18 20 330 Northern Paper Mills ! 81 ..... Dec. 1 Dec. 1 Dec. 15 Dec. 22 Nov. 13 7 55* Dec. May 18 Aug. 8 Oct. 17 9 493* Sale 33 81 9,980 Nat'l Pressure Cooker Co...2 Nat Republic Invest Trust— 380 840 10 880 16 2854 Sale 165* Dec. 22 1103* 1095* 109 85 2 6954 Dec. 835* 225* 20 27 11 Apr. 27 1654 May 11 43 pref.50 cum 12,590 Cumul. conv. pref. ..* 19,005 National Standard com.....* 1,800 Capital stock ...10 59,000 National Union Radio com. .1 92,650 Noblitt-Sparks Ind Inc com.* 55,801 North' American Car com...* ' 10% 27% Sale 2354 Sale 433* Sale ..100 Ken-RadTube 8c Lpcom A..* Keystone Steel 8c Wire com.* 650 350 25 34 1,560 2,200 1,800 6,600 5,900 8,050 35",050 11054 73 245* Dec. 29 145* Dec. 22 45 Nat Elec Power— 4,590 69 % .....100 new Kentucky Utll fr 6% preferred Sprlngfllled com.* 6,300 National Battery Co pref...* 240 "275* "35" Kellogg Switchboard com_.lt 19,200 Muskegon Mot Spec 650 19 Sale .10 70 Mountain States Pr pref..100 ""650 28 110 Sale .... 210,620 Midland United Co com....* 86,990 Convertible preferred....* 11,480 Midland Utll 0% pr lien..100 21,210 7% prior lien 100 3.860 7% preferred A.........100 1,780 6% preferred A... 100 30,680 Miller 8c Hart Inc conv pref.* 21.850 Modlne Mfg com • 8,410 Monroe Chemical Co com...* 3,170 Preferred.. .' ♦ 90 .... 28 J* 7 655* Dec. 10 75* 85* 225* 223* 235* Dec. 45 Mar. 1 Capital stock (new) Kats Drug Co com New Preferred 45 39 Warrants 25,060 La Salle Ext Unlv com 5 5,230 Law beck Corp 6% cum pfdlOO 39,150 Loath 8c Co common » 2,860 Cumulative preferred....* 144,130 Llbby, McNeill 8c Llbby If 2,010 1,750 1,890 1,900 » 1,340 3,450 8,250 1,500 v ... 600 Interstate Power $7 pref....* $6 preferred * 32,900 Iron Fireman Mfg Co v t c • ""30 - Class B 47,550 Illinois Brick Co 25 3,570 Illinois Nor Utilities pref. 100 4,560 Indep Pneum Tool v t c • 280 Dec. 12 24 % Nov. 27 7 Houdallle-Hershey— 2,800 3,900 Oct. 28 5854 Dec. 31 653* Dec. 10 * com Helleman Brew Co G cap Horders Inc ----- 16 10% 8 21 com 19 :5 __.* Godchaux Sugar Inc cl B...* Class A * 600 Hlbb Spencer Bartlett 350 800 33 39 26 23K 63,180 Hall Printing Co com......10 8,810 HarnlschfeOer Corp com..10 115,680 6,250 2,900 100 8c Connell Dock Pita Simons 1,100 10% Sale Sale 40 7 87 28 X 4% 35* 10 ......100 100 180 260 y: 24 21 Jan. 75* June 155* Jan. 25 Apr. 75* Jan. Apr. 104 12 4 Feb. 1 5* Jan. % Jan. 67 10 8* 16 21 Dec. 30 25* Jan. 18 5 Oct. Feb. Dec. 30 9 19 17 Dec. 29 Feb. 11 Nov. 18 ii* June 17 ' Apr. 11 Jan. 18 14 305* Sept. 5 18* Sept. 24 49 Sept. 25 1155* Dec. 24 ' 235* Apr. 15 December STOCKS 750 3,950 100 , 1,000 !' """756 650 18,150 1,200 4,650 1,000 3,800 ; 300 170 40 2,000 410 500 2,600 1,210 11,250 Bid 9 J* 28 Ask Highest Lowest Highest Sale Prices Sale Prices Sale Prices 13 15% 22] 26J 2% -t 11,400 Common —.... Convertible preferred . .. 14,250 Parker Pen Co (The) com..10 69,180 Peabody Coal Co B com • 760 6% preferred 100 27 27 % 1% 14 % 27% Sale 1% 22 21% Sale 25 2% 16 % Sale 2% Sale 14% Dec. 16% Dec. 2% Doc. 28 55 52 Dec. 30 Sale 16 Sale 16 9 7 11 Dec. 10 27 Jan. Mar 16^ 17 30 July 15 2 19 Apr. 23 30 Nov. 5 5t* Feb. Dec. 6 8 30 25 % Dec. 29 51 10 Dec. 28% Dec. 2% Dec. 58 Dec. 16% Dec. 1 Dec. 23 29 60 50 26 17% 26,100 Penn Gai 9c Klec A com,, 10 Peoples Gas Lt & Coke caplOO 9,000 Perfect Circle (The) Co * 6,650 Pictorial Pap Pkg com—...5 172,450 Plneo Winterfront com 1 24,550 Potter Co (The) com 65,350 Prima Co common.... * 18,700 Process Corporation com...* 38,750 Pub Serv of Nor 111 com • 6,750 Common. ............60 4,970 6% preferred ISO 'i 2,600 7% preferred.. ISO 20,010 Quaker Oats Co com.... * 4,190 Preferred.. .......190 4,100 R«th Packing Co com 10 94,050 Raytheon Mfg Co com vtc50c 52,940 6% preferred y Ic ..5 84,900 Reliance Mfg Co Common. 10 180 Preferred 100 5,895 Rollins Hoa Mills cony pre!.* 1,120 Ross Gear & Tool com * 5,265 Sangamo Electric Co —* ft 180 Preferred.... 100 47,350 Schwitzer Cummins capital.1 1,560 Sears Roebuck & Co com • 24% 3,890 Signode Steel Strap Co pf_30 9 23,720 Common ; ..* 15 4,380 Slryer Steel Castings com...* 2 2,660 Sou Colo Power A common.25 1,955 Southw GAcE Co 7% pref.100 101 53 6,490 Southwestern Lt 8c Pow pfd. ♦ 76% 1,350 St Louis Nat Stockyards cap • 14 100,450 Standard Dredge cony pref.* 3% ^ 48,950 Common * 4,470 Stein & Co (A) common * 15,280 Storkline Pur cony pref 10 "7% 80 Stutz Motor Car common * 38,160 Sunstrand Mach Tool com..* 22 % 250 Sutherland Paper common. 10 23 i' 216,080 Swift at Co stk 25 33 H 75,990 Swift Internacional....—15 Sale 30 28 Dec. 28 1 Jan 8 27% Jan 1 16 \ 3% 1% 4% 88% 87 Dec. 18 L51 Dec. Dec. 17 34 Dec. 4 125 1 4% Dec. 15 1% Dec. 14 Dec. 12 35 h 50 1,150 , V " 4,250 50 340 1,100 120 320 210 150 50 3,900 7.200 f: 150 2,150 - "6",900 1~5~,666 3,150 700 650 12,580 16,100 110 so 4,900 2,500 i t ""380 1,250 2,650 27% Dec. 24 77 Dec. 3 30 37 Sale 84K Sale Sale Sale 15 28 25 15: 3h Sale Dec. Dec. 12 Dec. Dec. Dec. Dec. 15 Dec. 88% Dec. 85% Dec. 3% Dec. 19 20 Sale 24% Sale Sale 24 Sale Sale 32% Sale 12% 123 SI 8% 8% Dec. Dec. 23% Dec. 11 Sale 32 49 49 103 112% Jan. 115 31 May 5 87 Jan. 2 120 15% Jan, Aug. 28 Mar. 10 Dec. 10% Dec. 28 3% Dec. 29 Dec. 30 Dec. 24 Apr. 13 Nov. 9 Nov. 12 Oct. 21 Nov. 18 Apr. 7 July 2 Sept. 22 Aug. 20 Mar. 30 18% Feb. 7 5 Apr. 20 8 Nov. 28 Dec. 31 5% June 25 7 Apr. 18; Aug 94 P May 8 28 Dec. 26% Jan. 4 13 26% Nov. 27 Jan. 7 20% Apr. 28 28% Apr. 30 35% Jan. 28 Nov. 16 Dec. 3 2 Dec. Nov. 30 Feb. 12% June 30 3% Mar. 14 16% Sept. 15 4 Dec. Dec. 8 12! 9! 12 Apr. , Dec. 16 11% Sale 9% 10% 4 June 23 Feb. 28 7 28 106 4 Feb. 93 91 7 79% Jan. 23. 17 Dec. 28 15 6 Dec. 2% Apr. 27 99 61 6 Jan. 77 4 9 30 Dec. 17 Dec. 18 June 29 140 Jan. 2 Oct. 7 125 May July 15 30 Feb. 5 100% 4 33 Aug. 2% Apr. 27 m 11 32% Dec. 5 Apr. 5 30 110% 18% 65% 26% "25% "Dec". "15 Dec. 29 5% Sept. 5% Apr. Mar. 6 141% Oct. 15 151 22 May 26 34 6 2% Jan. Nov. 5 3% 35 11 1 May 4 109 Feb. 108 9% Nov. 20 18 Jan. 15 17 27% 35 23 Nov. 24 2 123 Dec .""4 Dec. 19 24 Sale" '25% May Dec. 31 8% Dec. Sale 25 1 Dec. 7 Dec. 15 Dec. 31 Dec. 14 Sale 24 8 Sept. 10 Dec. 31 85 Sale 4H Jan. 1 Dec. 11 Sale Sale Jan. 41 8 2 7 Dec. 14 104 7 17 20 3 4% Dec. 6% Sale "Dec" "II 26% Dec. 97% Dec. 29% Dec. 29 8H 44,085 Thompson (J R) com.. 25 3,550 United Gas Corp common 1 60 U S Gypsum Co pref 100 97,900 Utah Radio Products com..* 79,850 Utility at Ind Corp com 1 60,900 Convertible preferred....7 4,160 Viking Pump Co common * 1,360Preferred................* 37,300 Vortex Cup Co com ... * 7,650 Class A • 64,570 Wahl Co com • 58,500 Walgreen Co com....... ♦ 20 6%% preferred ...100 2,880 Ward (Montgom) at Co cl A.* 14,200 Wleboldt Stores Inc com * 72,360 Williams OlI-O-Matic com » 4,785 Dec. 30 18 Sale Api. 22% Apr. 15 54% Oct. *5 Mar Dec. 1 Dec. 1 Dec. 1 Dec. 17 L19% Dec. 19 L19% Dec. 1 ■ 5 Oct. 6% Dec. Dec. 19 4 4 17 Nov. 25 8* 37% Dec.~~9 7% Dec. 1 ... £ "2,390 1936 Lowest Ask Bid Bid Ask 750 60 YEAR Sale Prices Dec. 31 Dec. 1 1936 Pa? ,. Oshkoah Orarall Co— '. 700 RANGE FOR Jan. 2 Shares In Price STOCK EXCHANGE 12 Months 1936 Shares PRICES IN DECEMBER CHICAGO SALES AGGREGATE V'': EXCHANGE STOCK CHICAGO 56 Dec. 29 7 Dec. 29 Nov. 3% 1 Sale 3% 16 41 2% Sale 1 3% Sale Sale 1% % Sale 21 24% 39% WH Sale 4% 4 3% Sale 4 2 22 23 22 39% 40 Sept. 18 Jan. 15 Dec. 15 Dec. 9 Dec. 5 Dec. 4 Dec. 18 / I 39% Dec. 23 Nov. 24 Jan. 5 11 Feb. 19 5 Sale 5% Sale 38% Sale 114 117 23 Sale 24% 11% 10% 10% Sale 5 4 Dec. 16 10 37 Dec. 28 38% Dec. Dec. 21 21 Dec. 39% Dec. 10 Sale 37% 112 155% 157% 22 2 Feb. Sale 18 17% 33% Sale 32 % 29 27 Jan. 10 Nov. 25 119 152% 151% Dec. 24 9 21% 22% 21% Dec. 10 Dec. 30 10 Sale i57%'Dec^?r4 24% Dec. 12% Dec. Dec. 4 Nov. 30 4 7 July 31 Wisconsin Bankshares— 175,710 22,350 10,050 26,250 16,300 61,200 557,800 ■"766 23,500 •No par value New stock, a e Sale Sale 6% 5% Sale Common ..* Woodall Indust com 2 Yates-Amer Mach part pref.* Yellow Cab Co Inc (Chic)-.* Zenith Radio Coro com • 14 % 20 Sale Sale Sale Sale 27 13% 41 x ment on 25c. Co.—Dividend on the class B common value increased from 15c. a share to 25c. a share, payable on paid on Dec. 23 and the quarterly dividend on the common stock a a 8 ' !; Insurance the no par common a no par common stock resumed by the pay¬ 1930, when share and the first since Oct. 1, , - vty V- ■ ■; of 7%c. a share was paid Dec. 21 stock, the first since Dec. 20, 1932, when 10c. a Co.—Dividend distributed. share was paid on the $2 participating was the common stock on Dec. 23. ■ Dec. 21 of 50c. Co.—Extra dividend of 26c. pref. stock on Dec. 21. .' paid Dec: 28 on the common stock. of 60c. a share 0 ^ , Merrimac Hat Corp.—Dividend on the no par common from $2 a share to $3 a share and became payable Dec. 1. all , stock increased Metal & Thermitt Corp.—Special dividend of $1.50 a share was Dec. 22 on the no par common stock., Loomis-Sayles Mutual Fund, Inc.—Special dividend of $10 and an extra * Jan. Merchants & Miners Transportation Co.—Extra dividend share was paid dividend of $1 a share in addition to a quarterly of like amount were Oct. 7 42% Nov. 17 32 2 11 Merchants & Manufacturers Securities payable Mar. 1, 1937. Loew's Boston Theatres Co.—Extra dividend of 50c. payable Dec. 18. 19% Jan. 1 share was distributed..: share was Liquid Carbonic Corp.—Dividend on the no par common stock increased from 40c. a share to 65c. a share, payable Jan. 2. on 1 v Ex-righto Merchants " increased from 30c. a share to)■ 50c. a share, 24 Dec. payments on this issue. Link Belt Co.—Special dividend of $1 a share on the no par common stock was a Feb. 41% Dec. 27 25 Dec. 29 32% Dec. 29 8% Dec. 30 15% Dec. 15 3% Jan. 3 2 Dec. 21 Melville Shoe Corp.—Extra dividend of $1.12% a share on the no par common stock payable Dec. 23. Lincoln Telephone Securities • 5% Jan. 13 Medusa Portland Cement Co.—Dividend of $2.50 a share was paid on the common stock on Dec. 15 and marked the resumption of dividend Dec. 14. Lily Tulip Cup Corp.—Extra dividend of 25c. a share was paid Dec. 23 on the no par common stock. 1 Dec. 30 Dec. 15 2 Dec. 21 Maytag Co.—Dividend on the Life Saver Corp. 0el.)-^pedal dividend of 60c. a share and a regular Quarterly dividend of 40c. a share on the $5 common stock, both payable stock of no par Jan. 10. 25 26% 34% Sale Ex-dividend 53) page 13 2 60% stock div. paid Aug. 15, 1936. (Continued from 6% Dec. 8% Sale 13% Sale "2% Sale" paid 23 Midland Steel Products Co.—A dividend of $2 a share was paid Dec. ; Loomis-Sayles Second Fund, Inc.—Extra dividend of 25c. a share and a quarterly of like amount was paid Dec. 31 on the common stock. This compares with an extra of 15c. a share and a regular quarterly of 10c. a share paid on Oct. 1 last, • •- on the no par common stock and one of 50c. a share was also declared, payable Jan. 1 next. Mid-West Abrasive Co.—Initial dividend of 10c. a share was paid Dec. 22 on the common stock. Los Angeles Industries, Inc.—Dividend on the common stock was in¬ creased by the payment of 30c. a share on Dec. 15. An initial distribu¬ tion of 20c. a share was made on Oct. 1 1936. ; ;|.i- a, Milnor, Inc.—Dividend of 10c. a share was paid Dec. 12 on the no par common stock, the first since March 1, 1934, when $1.50 a share was Lunkenheimer Co.—Dividend on the no par common stock was increased from 25c. a share to 62%c. a share and was paid on Dec. 15. Minneapolis-Honeywell Lynch Corp.—Extra dividend of $1 Minnesota Mining & Mfg. Co.—Special dividend par common stock. share a was McCall Corp.—Extra dividend of 25c. common stock, a share was paid Dec. 19 on the $5 ' - distributed. Dec. 22 - share was paid Dec. 15 on the McGraw Electric Co.—-Extra dividend of $1 a share was paid Dec. 24 on the $5 par common stock. McGraw-Hill Publishing Co., Inc.—Cash dividend of 12%c. a share on the no par common stock, payable Jan. 15, marking the resumption of dividends, the last previous distribution having been made on Oct. 1,1931. McQuay-Norri. Mfg. Co.—Extra of 25c. dividend of 75c. Mack -Trucks, a share and a a share were both paid on the common Inc.—Year-end dividend of 50c. a share and a regular a share were both paid Dec. 24 on the no par stock. - , ■ .An-■■■.. (I.) Magnin & Co.—Extra dividend of 75c. stock, payable Dec. 18. >■>",7; Mahoning Coal RR.—Dividend of $13 common a stock and compares with $6.25 a share a was no par common paid Dec. 23 share distributed on on the Nov. 2 last. creased from $1.50 a share to $2.50 a share and on the was common stock in¬ payable Dec. 18. Calculating Machine Co.—Dividend increased from 50c. a on the common stock share to $1.50 a share and became payable on Dec. common stock, of 40c. a share was paid < , Minneapolis-Moline Power Implement Co.—Dividend of $3 a share on account of accumulations on the $6% cum. pref. stock of no par value, payable Dec. 24, the first paid by the company since May 15,1931. Mohawk Carpet terly of 30c. Dec. 15. was a Mills, Inc.—An extra of 50c. a share and a regular quar¬ share were both paid on the $20 par common stock on 15 last a regular quarterly dividend of 25c. a share On Oct. distributed on the above issue, y Monarch Machine Tool Co.—Extra dividend of 20c. a share and regular quarterly of 25c. a share on the common stock, both payable Dec. 1. Monroe Chemical Co.—Dividend on the no par common stock increased from 25c. a share to 60c. a share and was payable Dec. 24. Moore Corp., Ltd.—Dividend on the no par common stock was increased a share to 40c. a share, payable Jan. 2. from 25c. Maritime Telegraph & Telephone Co., Ltd.—Special dividend of 10c. a share was paid Jan. 2 on the $10 par common stock. Marlln-Rockwell Corp.—Special dividend of $2 a share was paid on the par common stock on Dec. 18. , v: , ;■ , : Master Electric Co.—Dividend on the common stock increased from 15c. a share to 25c. a share, payable Jan. 2. Dec. 21 on the no par common stock and was the first June 30, 1930, when 10c. a share was distributed. dividend paid since Motor Finance Corp.—Extra on a k 21 last. no no par Mother Lode Coalition Mines Co.—Dividend of 12%c. a share was paid Manning, Maxwell & Moore, Inc.—Dividend Merchant the ,r . share on the on Moloney Electric Co.—Dividend of $1 a share on the class A stock of no par value was paid on Dec. 22. This was the first distribution since April 15, 1932, when a quarterly of $1 a share was paid. regular quarterly stock on Dec- 22. quarterly dividend of 25c. common ' - , Regulator Co.—Special dividend of $1.50 a paid Dec. 21 on tne no par common stock. the no share on dividend of $1.20 a share was paid Dec. 24 par common stock and an initial quarterly dividend of $1.25 Dec. 29 on the new $5 convertible preferred stock. Motor Products Corp.—Dividend on the no par common stock increased from 50c. a share to $1.25 a share and became payable Dec. 21 last. Mueller Brass Co.—Extra of 10c. a share and a quarterly of 25c. a share were paid on the $1 par common stock on Dec. 28. This compares with dividends of 20c. each paid-<t^e four preceding quarters. (Continued on page- 69) s > ? ft ■ . ■ ' V. 4 ".;.' f ' ' . \: . ,,;v. v,!"': . MONTHLY AND YEARLY RECORD RANGE OF PRICES ON BALTIMORE STOCK EXCHANGE Stock Sales ■ 1936 December Shares Jan. 1 to Dec. 31 AQQREOATE In . ; BALTIMORE STOCK EXCHANGE 1.400 4,100 Dec, 1 1936 Bid Ask Bid Dec. 31 Ask Bid Sale Prices Ask Highest Sale Prices ...1961 1948 112 4s Sewerage Impt 1961 500 43^8 Sewer Serial........ 1947 4s Conduit 1962 600 4s Conduit.. 1958 300 200 1937 B 5s 1975 "sf.ooo 4.000 Danville Traction 1st 5s..1941 3,000 Georgia Marble 6s flat 1950 1.000 Maryland & Pa 1st 4a....1951 "3:006 36,000 North Ave Market 6s....1940 51,000 Read Drug & Chem 5H*. 1945 31,000 Wash B A A 5s flat 1941 STOCKS. Shares 14,255 Atlantic Coaat L (Conn)...60 27,417 Bait Transit Co com v t c...» 44,894 1st Preferred v t c...... 20,616 Black A Decker common.... * 7,804 19,609 19,979 1,909 602 6,986 5.282 3,645 6,729 3,959 66,066 26,793 8,273 7,912 3,944 50 581 747 226 5 188 •, - 18,609 -Preferred...... Rights...... 25 Chea A Pot Tel of Bait pf_.10e Consol Gas E L A Power 5% preferred.. 369 112 106 1534 Sale 18 Sale 8334 86 39 34 50 102 Sale Sale Sale Sale Sale 39 45 103 95 10034 10134 :E Dec. 2 106 3634 Dec. 22 45 Dec. 22 52 Dec. 7 103 102 94 43 " Dec.~21 Dec. 2 Dec. 8 Dec. 4 Dec. 31 654 359 4,554 3,430 1,875 22.298 1514 Jan. 8 30 June 11 May 14 Sept. 17 Dec. 28 Apr. 7 10214 Aug. 21 116 Oct. 6 11654 June 2 11514 July 1 11814 Oct. 3 112 Nov. 5 11314 Mar. 12 115 Oct. 7 106 Dec. 2 4 43 Dec. 17 Jan. 4 52 84 Jan. 4 103 Dec. 4 Dec. 31 Apr. 22 5514 May 4 7534 July 8 4414 Sept. 19 34 8 Apr. 21 Dec. 15 95 7534 July 8 63 Apr. 24 Apr. 30 10134 Apr. 3 9 >4 Aug. May 5 a 100 8 r 1834 Sale 4634 Sale 234 214 2234 Sale 3334 Sale 3 Sale 234 Sale 734 Sf*le 834 Sale 3134 Sale-, 34 Sale 2734 Sale 134 Sale 1734 18 Dec. Dec. Dec. Dec. Dec. 24 23 134 Dec. 8 453, Dec. 15 Dec. 17 Dec. 1 21 23 7 Dec. 1 Dec. 7 Dec. 31 2734 Dec. 2 234 Dec. 17 117 1634 2634 341 234 1934 Sale Davison Chemical Co * 1 Jan. Jan. July 27 May 134 Dec. 1 1 Finance Co of Am class A...* Class B * 8834 Sale 11334 114 87 114 88 Sale *8734 Dec 14 90 Dec. 11334 Dec. 21 11534 Dec. ii <&M Sale 46 Sale 4134 Sale 12834 Sale 46 3034 4134 12134 4134 4334 31 Sale' 9 10 1234 IE" 4734 125 Sale 122 45 1234 Sale 4 Dec. Dec. 22 Dec. 28 3 1534 Sale 2 1934 Sale' 2034 Sale 5434 Dec. 23 1834 Dec. 4 25 3 11 Jan. 17 88 Jan. Jan. 3934 Apr. 934 Jan. Dec. 22 25 Dec. 28 3 5434 Dec. 23 2234 Dec. 14 4234 Feb. 6 934 Dec. 5 7 Dec. 31 Feb. 15 z34 36 234 Dec. 17 9 10 Dec. 22 May 27 50 Feb. 11 1434 Aug. 4 25 25 134 1134 234 334 Dec. 9 134 Dec. 21 xl3 Dec. 7 234 4 Dec. 16 1 Jan. 2 6 46 34 Dec. 31 7 4834 Dec. 4 8 139 Oct. 13 15 50 Jan. 14 13 Dec. 29 4 Feb. 25 1 .25 Second preferred........ 25 12 Dec. 31 Dec. 4 Dec. 2 Dec. 29 Dec. 29 934 Jan. * Mar Tex Oil 9 34 Jan. Dec. 1 Dec. 1 Dec. 23 Dec. 10 25 ....100 Mfrs Finance common v t 1st preferred...... 2234 Jan. 23 5134 Dec. 17 Jan. 27 119 Jan. 8 5634 Apr. 17 5634 Apr. 17 103 Feb. 18 July 17 114 84 Jan. 4 9434 Aug. 12 111 July 16 116 8 Feb, Sale Eastern Sugar Assoc co m Preferred Fidelity A Deposit 20 Fidelity A Guar Fire Corp. 10 Apr. 29 9 July Ill 8434 Sale Houston OU preferred 100 95 Humphrey Mfg Co com.....* 45 Preferred... .........25 1,643 11314 Mar. 12 111 Apr. 23 10254 July 21 31 p'TDecTif; I66jTD"ec7i8 10i7"tfecTl8 100 x 2034 Sale 31K 114 118,459 340 15 10 Apr. 24 Nov. 5 115 .....100 Preferred Jan. 11314 Feb. 5 Ga Sou A Fla Ry 1st pref..l00 868 Guilford Realty com * 5 ' V-'/O.-f 10234 Aug. 21 Oct. 6 115 1 16 7 118 116 9 Commercial Credit........10 250 5*4% preferred.........100 400 Jan. Apr. Oct. July Oct. 30 112 :f E Prices par 62,112 Arundel Corporation.......' 578 Dec. 28 1957 Bait Transit Co 4s fl«t..l975 A 5s flat.. 492,400 ..1975 107,500 Dec. 28 116 Falls...... 1951 Paving Loan.........1951 2,142.350 Oct. Jan. 3 11954 11334 May 14 11314 118 Apr. 13 11814 115 Apr. 24 116 114 4s Water serial. 1,600 —.1958 4s 2nd Water serial 1,200 1947 1,000 5s Water Loan ...1943 1,400 3>4s New Sewerage Imp..1980 1,300 Atlantic Coast Line 5% ctfs.. 100 Shorts 6,104 2.368 6,853 6,954 1,134 116 Engine house........1957 4s Harbor serial..... 4s Harbor serial 4s ',V> Highest 115 4s Jones 1,400 167,000 67,100 4,000 4s Ey.:' 7 WSS— i i Sale Prices Sale 114 Feb. 25 11714 11434 Feb. 25 118 116 Mar. 28 117 300 2,000 1.000 = ■ Lowest 4,900 300 a ' Lowest Improvement..1954 Annex Improvement..1951 800 4s School House 400 4s 2nd School serial , 2,312,100 RANGE FOR YEAR 1936 ■ 4s Annex 4s 1935 $273,300 $232,500 2,877,550 PRICES IN DECEMBER BALTIMORE CITY BONDS— :y v"V1936 Jan. 2 BONDS 1936 '• December............... Jan. 1 to Dec. 31... Price 12 Months December Bond Sales 84,941 656,102 899,543 ... SALES 1935 ■ • 98,907 May 27 934 Jan. 10 25 Dec. 22 634 Mar. 7 61 Mar. 3 2234 Dec. 14 45 30 Nov. 23 334 4 13 Nov. Dec. 9 Dec. 9 Dec. 9 734 May 27 34 May 2 Dec. 2 134 Feb. 13 4 Dec. 2 Feb. 19 4 Feb. 19 248 1134 Sale 234 Sale 4 434 Apr. Feb. 26 . , Aug. 31 134 Dec. 9 4 134 Sale 134 Sale £#K ■fY 7 334 Nov. 13 ••VS: . 2 Maryland A Pa RR com... 100 680 Mercantile Trust Co 50 8,352 vferch A Miners Transp. * 351 1,029 7,767 -1,765 2,604 270 209 10,726 32 11,870 10 5 235 21 99,145 1,260 110.715 2,398 ■4/Y:V 33 315 71 — 1,009 60 12,747 100 195,338 92 • vtonon W Penn PS Mt Vern-vtood) 7% pref 25 Mills Com 100 Preferred 42 3234 24 Sale Casualty. >5 Central Ry .,..-50 Sale 2634 Sale 39 2634 5 illll *80" 30 Amsterdam Northern 258 . ....100 National Marine Bank New ■:n 245 43 13 j 943 Sale Preferred. • ............... . Sale 1634 Sale Sale 90 5 '91" Sale" 111 102 5 Dec. 29 3 Dec. 14 Dec. 19 45 27 Dec. 7 Dec. 30 534 Dev. 11 71 80 Dec. 2 1534 Dec. 23 1634 Dec, 31 Dec. 23 10234 Dec. 19 104 1 Dec. 22 134 Doc. 16 91 rn.rn~mm Dec. 1 91 Dec. 1 10934 Dec. 22 10934 Dec. 22 m - Dec. 3 102 Dec. 1 «• « A Guar ... 2 20 Jan. 8 Jan. 2 45 28 Oct. 80 45 June 934 Apr. 95 1 87 Jan. . Oct. Jan. 19 Aug. 4 534 Oct. 22 134 June 10 40 Apr. 14 Dec. 2 Apr. 24 ■ 7 Dec. 23 Aug. 17 July 16 1734 Oct. 104 2 ••• 98 ■ 10934 Dec. 11034 June 101 Nov. 102 Nov. 19 Aug. .58 Aug. 11 Sept. 1 1 834 Feb. 12 11 Oct. Oct. 2834 Dec. 31 934 Apr. 10 Sept. 1334 Apr. 30 Nov. 18 36 34 3634 Apr. 15 ..........10 1.503 Western National Bank 31 24 57 101 .B.»Ma^^^..10 Preferred U S Fidelity 90 10934 Sale Real Estate Trust Co.....100 Seaboard Comm'l com A...I0 No par value. 39 2534 Dec. 42 73 9634 Phillips Packing Co., pref. 100 Class 534 Sale 45 Owlngs Mills Distillery ....1 Penna Water A Power..... 40 27 1 26234 Nov. 18 1534 Sale 2734 35 2834 2834 Sale 25 3534 3534 Dec. 17 37 Dec. 21 Dec. 8 Jan. 26 30 : - MONTHLY AND YEARLY RECORD RANGE OF PRICES ON BOSTON STOCK 1936 -—Shares^ December Jan, 1 to Dec. 31 In 12 Months December , 1935 649,187 5,736,490 Bond Sales December 1 Jan. 1 to Dec. 31 RANGE FOR BOSTON ^ STOCK EXCHANGE SALES AGGREGATE 654,169 6,760,420 EXCHANGE 1936 YEAR 1936 Lowest 4j^s 1948 *85 90 1948 100 .1948 Series C 6s 95 .... Series D 6s 1934 tK G Mem & Birm 4s Oklahoma Nat Gas 16,217 10,882 487 7,065 ' 4^8.. 1951 STOCKS Shares. Sale Prices 91X June 26 1978 Series B 5s. 2,665 3,500 Highest Sale Prices >1948 East Mass StRK serA Shares. Lowest Sale Prices BONDS Boston 8c Albany 29,000 19,200 8,000 3.200 Highest Sale Prices P par. "Dec".""*8 87K*D"ec"."l7 70 Dec. 18 Dec. 10 70 94 Dec. 2 Dec. 10 100 Dec. 8 101 Dec. 31 91 80 Feb. 6101 Dec. 90 July 2 90 July 98 X June 29 98X June IX &mer Pneumatic Service...25 2 6% non-cum preferred...50 First preferred..........58 Ju]y July 7 1 19X May 27 149^ Apr. 30 3,801 127,907 Amer Telep 8c Teleg 100 474 Blgelow-Sanford Carpet... * Preferred 100 9,671 Boston 8c Albany........100 18,692 Boston Elevated..... 100 16,864 Boston Herald Traveler Corp* 1,629 Boston 8c Maine pref stpd.100 I,711 Common....... .^..._100 74 Preferred .........100 33,000 Prior pref 100 25.443 Glass A 1st pref stainpedlOO 3,438 1st preferred class A 100 4,754 Glass B 1st pref stamped 100 22X Jan. 3 97 ^ Jan. 29 Jan. 3 65 May 6 • 117*1 Oct. 20 3X Jan. 3 5X Apr. 27 28 Jan. 3 17X July 5 July 9 1 4 - 620 5 1st preferred 100 Glass C 1st pref stamped 100 1st pref class G 100 Glass D 1st pref stamped 100 401 3.733 340 1st pref class D 5 ...100 11.472 Boston Personal PropTr * 835 Boston 8t Providence 100 5,886 Brown 8c. Durrel Co common. 43,217 Calumet Ac Hocla ........_25 2,326 Cliff Mining Co 25 6 Conn & Pass Rivers RR pf 100 25 76,930 Copper Range Co II,345 Bast Boston Co.. 16,291 Eastern Gas 8c Fuel Assn 14,005 4^ % Gum Prior pref 21,437 6% Gum preferred * com 100 100 KMt MaM St By Co 100 E!r" ioo 6,724 Preferred B 1j0 15,529 Adjustment IIIlOO 33,167 Eastern SS Lines, Inc * 3,019 2d preferred..1....:::::% 5,007 Economy Grocery 8tores * 53,430 Edison Elec Illumination 100 11,042 Rights. 12,917 Rets for $50 pd on new stk. ; ........ 4,950 1.385 17,732 32,842 325 636 940 2,628 3,689 Hathaway Bakeries cl A 3.979 Hatha way's Bakeries pref...* 4,579 Class B__ * 28,491 Helvetia Oil Go tr ctfs_..IIIl 35 1,155 £,260 120 §45 Infl Button Hole Mach Co.10 25,683 Isle Royal Coppet.......„.25 ■5,836 4.824 1,367 7,162 2,410 2,718 164 193 4,786 34,941 "5,658 1,070 1,332 4,790 General Capital Corp......* Georgian Inc (The) A pref.20 Gilchrist Go Gillette Safety Rasor Co * Grief Bros Cooperage A com.* o """335 607 668 685 .. on'ioi I? Rc,t8 *or Pd on new stk 29,131 Employers' Group Assoc T C* 2,105 7,676 Loew's Theatres..........25 12,357 Maine Central .........100 j 9,382 Preferred..... ...... 45,933 Mess Utii Associates ...100 v t c * 13,222 Mergentbaler Linotype..... * 12,202 NarragansettRac'g Assn Incl 2,860 Nat Service Co 25,347 1,278 1,130 16,268 221,791 167 21,452 19,336 3,220 50,379 4,990 .% com shs t c 1 New England Tel 8c Tel...100 New River Co com 100 Preferred ioo N Y N H 8c Hartford IIIlOO North Butte 2.50 Northern ,RR (N H) Cld Colony ......... Old Dominion Co.....II" Pacific Mills Pennsylvania RR... 100 >00 25 100 50 Pond Cr Pocahontas Co....* 70,894 Quincy Min Oct As't unp'd 25 26,812 4,625 7,113 11,555 63,607 78,616 21,242 1,151 20,114 Oct assessment paid Jan & Oct assess't paid.. Reece Button Hole Mach..10 Reece Folding Mach Co IS Shawmut Assn T G Stone 8c Webster Inc cap stk. Suburban Elec Secur com..* 2d preferred Tex la OH For footnotes ses page 59. Apr. 30 6X May 2 8X Mar. 3 June 1 5 June 3 8 7A June 8 9H Jan. 10 12X Aug. 24 138 X July 2 Class B 5,021 * 1 97 X June 26 Jan. 23 87 X Dec. 17 Jan. 30 94 Dec. 18 Mar. 6 100X Nov. 28 31 2 29 AGGREGATE In BOSTON STOCK EXCHANGE SALES 1936 Shares 450 285 1,445 38.010 75 ... 31 1,027 5,000 321 pur United United Preferred 85 .........25 5 Tunnel ...1 "tab Metal A Venezuela Holding Corp Sale 53? Sale * 4 Sale 28 Sale f Sale page 3% 56) ,1. Sale . : share to 75c. a common stock. Malleable & par common Steel a share the on . a tion a on share on account paid. the common stock, the first since Jan. a share the common stock on was paid Jan. 1 2, 1935. Naval Stores Investment Co.—Extra dividend of 16c. on share a Dec. 1. , Navarro Oil Co.—Extra dividend of 10c. a share and a dividend of 20c. a share (a total of 30c. a share) on the common stock, both payable Jan. 2. New Britain Machine Co.—Dividend of $1 a share was paid Dec. 15 the common stock, the first on the common shares since 1930. on New England Power Association—Dividends of $2 a share on the 6% cum. pref. stock, par $100, and 66 2-3c. a share on the $2 cum. prer. stock of no par value, both payable Jan. 2. Distributions at one-half these rates were paid in each of the seven preceding quarters. New Haven Clock Co.—Two dividends of $1.62% a share each on account of accruals on the 6%% cum. conv. pref. stock, series A, payable Jan. 2, clearing up all arrears on the issue. In addition, a dividend of 37%c. a share was paid Dec. 28 on the common stock, the first since Jan., 1931. Newmarket Mfg. on the no par Co.—Extra dividend capital stock. New Orleans Cold $2 a share and stock was of $1.50 a share was y - paid Dec. 23 y Storage & Warehouse Co., Ltd.—Extra dividend of regular quarterly of $1 paid Dec. 21 last. a a share on the $100 par capital 1 _ V ' ; New York Auction Co., Inc.—Dividend of 18 %c. a share was paid on the common stock on Dec. 24, and compares with 6%c. a share paid on Oct. 29 last. ' New York Hanseatic on ;= Corp.—Extra dividend of $5 a share was the capital stock. New York & Honduras Rasario paid Jan. 2 ^ Mining Co.—Dividend paid Dec. 24 on cludes the amount which, in previous years, was separately paid in the month of January. New York & Queens Electric Light & Power Co.—Dividend of $4.50 a share was paid on the no par common stock on Dec. 14 last and com¬ pares with $1.50 a share distributed in each of the three vt?'V tOTS. • preceding quar:X,:iX.X-'r :''V Xr.XXX.X~XI--' Nicholson File Co.—Extra dividend of $1 a share and a regular quarterly of 30c. a share were paid Dec. 21 on the common stock. Niles-Bement-Pond Co.—Dividend in stock of General Machinery Corp. at the rate of one share for each four shares of Niles-Bement-Pond stock held was paid on Dec. 24. Nineteen-Hundred Corp.—Extra dividend of 50c. a share on the class B stock was paid on Dec. 24 last. Nonquitt Mills—Dividend of $1 stock, as against 50c. a 2 12% Dec. 8 37% Oct. 23 Mar. 31 XXXXXiXXX^ share on a a on on XfXxXXXX-;. no 1':'!'1- the class A stock, by the share. on the $0 pref. stock non-cum. share to $1.75 a share, payable Jan. 1. a share paid Dec. 10 was stock. of $3 a share was paid on the $5 par Dec. 24. Insurance was shares of common share, payable Dec. 24. ■ resumed paid Co.—Special dividend of $15 on mmmm share a the on Dec. 21. share was paid Dec. 15 on the a a"":V: XX:'- Dec. on share mm. ■■""a;--A.-- stock. common Pacific American Fisheries, Inc.—Extra dividend of $1 declared payable Feb. 15 on the $5 par common stock. share a was 1 Pacific Clay Products Co.—Dividend of 75c. a share was paid on the no par capital stock on Dec. 21 and the first since Nov. 1, 1932, when a quarterly dividend of 5c. a share was paid. Pacific Commercial Co., Inc.—Dividend of $2 a share was paid Dec. 15 on the common stock as against 50c. a share distributed on June 30, last. Pacific Gas & Electric Co.—-Dividend on the common stock was increased from 37%c. a share to 50c. a share, payable Jan. 15. Pacific Power & Light Co.—Dividend of $3.50 a share on the 7% wo-v; ■ ■v" ■■ X/'X'-i.'-XX -A.-k' cum. pref. and $3 a share on the $6 cum. pref. stock of no par value, both were paid on Dec. 24. Dividends of one-half of the above amounts were paid on Nov. 1, last, and in each of the eight preceding quarters. Pacific Southern Investors, Inc.—Initial dividend of 50c. a share was a ■ paid Dec. 24 Pacific Tin the class B on common shares. Corp.—Extra dividend of 60c. the special stock. a : v:1 ' ;':v A; "XXX share was paid Dec. 23 on - / ' Pacific Western Oil Corp.—-Dividend of 65c. a share was paid Dec. 18 on the no par common stock and compares with 25c. a share distributed on Dec. 23, 1935. 111 JA S'AA mon on Dec. 19. . V ■■■/'"X Page Hersey Tubes, Ltd.—Extra dividend of 25c. a share on the common stock, payable Jan. 2.;7'.; 17 wV;vv'/XXXXX■ v -X ■■■, Airways Corp.—Dividend of 60c. a share was paid on the capital stock on Dec. 24. This payment was made in view of the current tax provisions. Pan American Pan American Southern Corp.—Dividend of 25c. a share 21 on the $1 par common stock, the first since June share was paid Dec. 15, 1934, when $1 a was ill distributed out of capital sin-plus. Paramount Pictures* Inc.—Initial dividend of $12 a share on the 6% first pref. stock, clearing up all arrears that had accumulated on this issue. The reorganization of the company was completed more than a No dividends have been paid year ago. created issues share also to 60c. :••• on was on either the first or second pref. by the capital realignment. An initial dividend of 60c. declared on the second pref. stock, reducing the arrears share a Dec. 26. on ' this issue. ' 7 . The dividends from 40c. a share to 60c. a on the two issues paid were 7-' ■ Parke, Davis & Co.—Dividend the no par common stock increased share, payable Jan. 2. X-XlX on Parker Pen Co.—Dividend of 50c. a share was paid on the $10 par com¬ mon stock on Dec. 23 and one of 40c. a share on Dec. 1. Parker Wolverine Co.—Special dividend of 17%c. 23 on the common a share was paid Dec. stock. Patchogue Plymouth Mills Corp.—Dividend of $5 share on the no par common stock. Of this amount $2 was paid in cash and $3 in $1 par pref. stock at the rate of three pref. shares for each one common share on Dec. 23, last. 7 a , of $1.65 a share the $10 par capital stock.t This distribution repre¬ sents the final dividend in respect of earnings for the year 1936 and in¬ was 9X Jan. 4% Jan. 21 Packer Corp.—Extra dividend of $1 a share was paid on the no par com¬ paid was 1 Neptune Meter Co.—Dividend of 60c. a share on the class A and B com¬ mon shares, payable Dec. 23, and the first since Dec. 15, 1931, when y 30c. a share was distributed. -*j t Jan. was paid on the no par common stock on Dec. 21. 1 ' Ottawa Light, Heat & Power Co., Ltd.—Initial quarterly dividend of $1.25 a share, payable Jan. 2 on the 5% cum. preferred stock. Paauhau Sugar Plantation Co., Ltd.—Hawaii—Extra dividend of 25c. the common of accumulations, being the first distribu¬ Naumkeag Steam Cotton Co.—Dividend of $1 on 124 paid share to $1 a share and became payable this issue since Sept. 30, 1931, when a regular quarterly of $1.75 was 15 2 8 Dec. 11 24 135 May 13 4 19% Nov. 7 2% Apr. Oshkosh Overall Co.—Extra dividend of 60c. a were paid.' '■'''■XXXi-XXX.XxX XX\-X Supply Co.—Dividend of $3 % a share was paid Dec. 22 on the pref. stock '. Apr. llllli:. , , cum. 6 o 30c 15 15 16 31 2% Feb. 3 1X Aug. 3 1% Dec. 12 Aug. 29 Ja 0 Dec. Dec. Oct. Dec. 20, last. National Steel Corp.—Extra dividend of $1 a share and a quarterly of 62%c. a share were paid on the $25 par capital stock on Dec. 21. From Jan. 31, 1936 to Oct. 31, 1936, inclusive, quarterly dividends of 37%c. share 16 7 Nov. Old Joe Distilling Co.—Dividend on the common stock increased from 20c. a share to 40c. a share, payable Jan. 2. y Onomea Sugar Co.—Extra dividend of $1.40 a share was ; stock and became payable Dec. 23. on stock Colony capital stock National Rubber Machinery Co.—Dividend of 20c. a share was paid on the common stock on Dec. 28, the first since Oct., 1930. X;X 7% Jan. Mar. 50c 28X 10% 94 X 42% 2 Jan. Paper Co.—Extra dividend of $1.50 no par common common Old National Refining Co.—Dividend of $8 a share on account of accumula¬ tions on the $8 cum. pref. stock was paid Dec. 21. The last previous distribution was $2 a share on Oct. 1, 1934. a 22 Jan. the class A and B on Holding Corp.—Dividend increased from 50c. the on no par com¬ y Brass Co.—Dividend Oilstocks, Ltd.—Special dividend y Castings Co.—Dividend stock was increased from 65c. Dec. 15. National 3 104 15c Jan. 21% June 20 par value increased from 25c. a share to 75c. a Ohio Wax National Investors Corp.—Dividend of $8.50 a share on account of ac¬ cumulations was paid Dec. 23 on the $5.50 cum. pref. stock. This compares with $1.50 a share paid on Feb. 1, 1935. ' National 15 payment on Dec. 15 of 25c. National Funding Corp.—Extra dividends of 2%c. a share and regular quarterlies of 17%c. a share were paid Dec. 17 on theclass A and B stock. National Gas & Electric Corp.—Dividend increased from 10c. a share to no Ohio was National Distillers Products Corp.—Extra dividend of 75c. a share was paid Dec. 22 on the no par common stock, y .•■;:X:XxX::X':':--xXX- the Dec. 90% Jan. 1 xxmxxxm- Ohio Service National Container Corp.—Initial dividend of 25c. a share and a special of like amount on the new common stock, both paid on Dec. 10. on 4 Dec. 29 80c \ 1 15 15 11 31 4 31 12 Ohio Confection Co*—Dividend on the no par common stock was share, and became payable Dec. 26. National Cash Register Co.—Dividend of 25c. mon stock, payable Jan. 15. share 40X Dec. 1 IX Dec. 16 89 23 Dec. Dec. Dec. Dec. Dec. Dec. Dec. 289* 10X 94?4 42% IX 191 IX Oahu Ry. & Land Co.—Extra dividend of 80c. a share was paid on the common stock on Dec. 10. .-'s-'y,X'X y. share was paid on the no share on Dec. 23 last. National Acme Co.—Special dividend of 25c. a share on the $1 par com¬ mon stock, payable Dec. 22. v^ National Automotive Fibres, Inc.—Special dividend of $1.50 a share on y the no par class A common stock, payable Dec. 24. National Bearings Metals Corp.—Special dividend of 55c. a share was a 99 K Dec. Dec. 32c 2 IK Dec. 3 7 6% ; 8 Dec. 11 7% 5X Dec. 4 132 X 133 % 131 2 131% Dec. 5 132% Dec. 17 H 2 17% 105* Sale" 15% Dec. 29 17% Dec. 10 % Sale 10% Sale 8 9% Dec. 21 12% Dec. Sale 36 35 34 Dec. 18 37 Dec. 14 (F. E.) Myers & Bro. Co.—Dividend 20c. Sale 7% Dec. Highest Sale Prices 5% a par common stock on Dec. 28 and one of 75c. a the 26 lys Sale IK Sale IH Mutual Telephone Co* (Hawaii)—-Extra dividend of 34c. a share was paid Dec. 10 on the capital stock. V ? 1 v .-V a 25c 27 X 10 X Sale Lowest Sale Prices Company In bankruptcy, receivership or reorganization (Continued from on 1936 Sale Prices « Dec. 29 Dec. 15 Dec. 22 95 45c 1 * (G. C.) Murphy Co.—Extra dividend of $1.30 paid Dec. 26 YEAR Highest Sale Prices Sale 27 9 90 42 Sale 4[8 a 124 9 value 33c Sale 1 • 45c Sale .1 Sale 2 —- 98 Sale 25H * 17,073 Waldorf System Inc 49,513 Warren Bros1.918 Warren (S HI ft Co com Sale 27% Sale 39 Gas Corp ....1 Shoe Mach Corp—52 Utah Apex Mining— 99% 15c 22 % 4 ......5 Venezuela Mexican Oil CrplO Increased from 50c. RANGE FOR Lowest Ask 25c •92 - Copper Ld & Min Co 25 Union Twist Drill Sale 396 Vermont Ac Massachusetts 100 160 No Torrlotfton Co Union Dec. 31 Ask Bid Bid Ask Bid Par 15,212 12,037 9,798 13,386 76,007 6,970 24,195 248,766 2,634 1,180 1,008 Dec. 1 1936 Shares • PRICES IN DECEMBER Price STOCKS December EXCHANGE Jan. 2 12 Months 1,330 2,425 5,544 STOCK BOSTON JAN., 1937] share was paid Dec. 24 on the capital Nov. 15 lastrr7;:rr^;f* a Patino Mines & Enterprises Consolidated—Special dividend of 60c. a share was paid on the common stock on Dec. 24 the first payment made since 1929. v.- "• ''XXXXX' / ' " -X' Pearson Co., Inc.—Initial dividend of 10c. a share and a special dividend of like amount was paid on the $1 par common stock on Dec. 28. (David) Pender Grocery Co.—Special dividend of 50c. no class B stock par when a like amount was was paid a share the on Dec. 22. the first since Dec. 21, 1934 on distributed. j.Xfc- Penick & Ford, Ltd.—Extra dividend of 75c. a share par common stock on Dec. 24, v Peninsular Telephone Co.—Extra dividend of 25c. Dec. 24 On the no par common stock; was a paid on share Penn Western Gas & Electric Co.—Initial dividend of 30c. paid Dec. 23 on the common stock. a the share * no paid was was " ,i Peoples Drug Stores, Inc.—Special dividend of $1.75 a share and a regular quarterly of 25c. a share on the no par common stock, both payable Dec. 21. Northern Illinois Finance Corp.—Dividend on the no par common stock was increased from 25c. a share to 30c. a share and became payable on Dec. 22. People's Telephone Corp.—Dividend of $3 a share was paid on the $100 par common stock on Dec. 17 and compares with $2 a share distributed Northern Indiana Public Service Co.—Dividend of $1.75 a share on the 7% cum. pref. stock, $1.50 a share on the 6% cum. pref. stock and $1.37 % a share on the 5%% cum. pref. stock, all payable Dec. 23. Distribu¬ Pepeekeo Sugar Co.—Extra dividend of $1 par capital stock on Dec. 15. 7 tions at one-half these rates were made on Oct. 14 last. Northern Securities Co.—Dividend on the capital stock increased from $2 a share to $3 a share, payable Jan. 20. Northwestern Bell Telephone Co.—Dividend on the $100 par common stock increased from $1.50 a share to $2.50 a share and became payable on Sept. 30, last. Pepperell Mfg. Co.—Special dividend payable Dec. 15, and compares with a stock and another of 50c. Perry Fay Co.—Dividend resumed a on of $2 a share on Dec. 12. share was paid on the $20 a share the XX '^7^77 dividend of $3 paid on Perfect Circle Co.—Extra dividend of 25c. common a of $5 a share on the capital stock, Aug. 15, XxX'X share on was paid Dec. 22 on the Dec. 15 on the same issue. common X' ■ '.!■"v- XX: • X" ^ Petroleum Corp. of America—Dividend on the capital stock increased from 25c. a share to 40c. a share, payable Dec. 24. O'Sullivan Rubber Co., Inc.—Dividend of five cents on the common stock on Dec. 26, the first since July 1, Petroleum a share was disbursed. a share was Daid 1935, when 2 Xc J Oahu Sugar Co., Ltd.—A dividend of $1.40 a share was paid Dec. 10 last* on the common stock and compares with monthly dividends of 20c a share paid previously. Exploration, Inc.—Extra dividend of 10c. a share and a quarterly of 35c. a share were paid Dec. 15 on the common stock. Pre¬ viously regular quarterly dividends of 25c. a share were distributed. Philadelphia Co.—Dividend 15c. a share to 25c. a on the no par common share, payable Jan. 25. (Continued on page XX stock by the payment Norwich Pharmacal Co.—Dividend on the no par common stock increased from 35c. a share to 50c. a share, payable Dec. 24. r\ : • V''1- 65) stock Increased from X'X ■ V . ''-AO- 1-i1 ■ MONTHLY AND YEARLY RECORD RANGE OF PRICES ON PHILADELPHIA * 383,203 -_--___5,363,832 1 Bond Sal December Jan. 1 to Dec. 31 ... RANGE FOR PHILADELPHIA SALES YEAR 1936 Price oTOCK exchange In 432,148 4,495,681 Shares_ Jan. 1 to Dec. 31-- AQQREQATE 1935 1936 Stock Sales December.. STOCK EXCHANGE Jan. 2 12 Months 1936 WM BONDS Bell .'.I960 Telephone 5s Elec A People# tr ctfs Small 1936 Bonds 4«_1945 Lowest Highest Lowest Highest Sale Prices December Sale Prices Sale Prices Sale Prices 126% Apr. I!*"' Dec "28 12% Dec. .... 9 13% "Dec"," II 12% Dec. 9 101 ..1970 Phila Elec (Pa) 1st a f 4s.1946 1966 1st 5s Registered 1971 Phila Elec 1st & ref 4a 1971 Elec Pow Co U S Treas 2%% 1955-60 Pari STOCKS 40,029 American Stores. * 43,072 American Tel & Tel 100 20,011 Baldwin Locomotive.... * 484 Preferred 12 Bankers Securities ....100 50 com 6,708 Bankers Securities pret_...50 3,936 Barber Co 10 20,034 Bell Tell Co of Pa pref 100 70,079 Budd (E G) Mfg Co.. • Preferred .......100 1,556 Rights 1st Paid 1,856 Rights 2nd paid 40,063 Budd Wheel Co v ......... * 39,135 Chrysler Corp.. ...5 10,945 Curtis Pub Co common.....* 651 Preferred 30.658 Electric Storage Battery....* 19,181 General Asphalt..........10 150.623 General Motors 10 4 ....._.* Preferred.... 2,130 Glmbel Bros common.......* 1,849 Horn A Hardact (Phila) com.* 5,154 Horn A Hardart (N Y) com * 583 Preferred 100 97,991 Lehigh Coal A Navigation..* 23,593 Lehigh Valley 50 35,476 Mitten Bank Sec Corp 25 97.687 Preferred.. 25 49,396 Nat'l Power A Light * 200 Northern Central RR 412,456 153,040 9,024 1,320 50 Pennroad Corp v to.......* Pennsylvania RR 50 Penna Salt Manufactur'g.50 Penn Traffic com ....2% 100 Philadelphia Company com.* 8,417 Phiia Elec of Pa pref • 43,172 Phila Elec Pow pref 25 976 Phila Insulated Wire .....* 52,470 Phila Rapid Transit 50 22,787 7% preferred. ...50 9,756 Voting trust certificates.50 8,945 Phila A Reading Coal A iron* 31,421 Philadelphia Traction.....50 _ 35 Reading Co com 3,991 Reo Motor Car Co .......50 ... 121,704 Salt Dome Oil Corp .....1 4,366 Scott Paper .* 1,650 Series A 7% preferred..100 X 9,739 Rights ,» ...... 5,689 Sun Oil Co .. .........* 21,310 iacony-Palmyra Bridge * 63.688 Tonopah-Belmont Devel 61.659 Tonopah Mining 1 1 82,283 Onion Traction 50 157,295 United Corp common.......* 12,867 Preferred ._.....* 422,114 United Gas Impt com...... * 14,320 Preferred.... • 400 U S Dairy class B...........* ..... .... ... 160 .... Class A 3 West Jersey A Seashore RR 50 4,909 Westmoreland,inc. ...:.-....* l0,334Westmoreland Coal • * No par value. a 7 126% Apr. 7 4 20 Mar. 26 8 19 May 22 43 Jan. 8 22 3 104% Jan. 23 101 Nov. 20 23 Sept. 106% May 110 July 110% Mar. 104% June 110 Aug. 101.24Mar Phila & Rd Coal & Iron 6s '49 351 Jan. 16 1943 Peoples Pass tr ctfs 4a Shares Jan. . Penn RR4% 3,687 3,431 3,187 Jan. 99 Annuity 6s Shares Nov. 9% Oct. 43 2003 Lehigh Valley 4%s Phila 9 25 Jan. 23 27 May 6 1 38% July 7 23 112% Jan. 27 8113 Feb. 28 17 110% Mar. 17 17 106% Apr. 29 21 111% Dec. 8 31 101.24Mar.31 Cleveland Stock MONTHLY AND YEARLY RECORD RANGE OF PRICES ON CLEVELAND STOCK EXCHANGE Stock Sales 1936 December Shares_ Jan. 1 to Dec. 31— 1936 Shares par Shares 225 : 200 150 - ; 1 """390 j • Pref- .....-..........100 320 1,895 53,924 3,691 4,409 12,452 261 • 2,173 78 372 135 158,641 11,891 2,113 Cleveland Cliffs Iron pref...* Clev El 111 14.50 cum pref....* Cleveland Rys...........100 7,013 Cliffs Corporation v t c.....* Commercial Bookbinding...* Cooper Bessemer * 33 386 138 V 68 *326 — 15 - "23 H 14 14% 24%' 30 Sale" 39% 11% 12 % 83 % 105 ..... - 2,985 105 450 1,063 4,774 li 1,079 c Preferred 90 15 % 95 20 71 75 87 % 21% 89 )| 18X 85% "29% Sale" 33: 4 6 3 90 X Sale 88 108 110H 110 64 X 68 60 60 63% Sale 55% Sale 107 61 61 108 67% 5 33*" Sale' ,<■ ......—... .100 117" 51 40 15 17 ....- Federal Entttlng Foote Burt 59% 9% 9% 14 134 —~ .. ... Fostoria Pressed Steel... 750 46 43 X 60 20 X Sale 6H 18 7X 2X 105 37,201 ♦ ..—-5 Preferred.......... ....100 Hanna (M A) $5 pref.. Harbauer ....... 5,539 7,103 12 ' Leland Electric............* McKee (Arthur G) B * Xoii Miller Wholesale 8,311 345 Myers dc Bro (P E)...... * 490 National Acme.............l 34,379 National jReflnlng ..25 Preferred 2,990 .100 • 27,669 National Tils 15,636 National Tool.............56 3,797 ...... 123 . 5.328 1.346 33% 23 Sale 104 103 104"* 16 20 Sale 34 10 10 22 % 22 8 20 15 5% Sale ............. 33 X H 55 . 56 Preferred..............100 8 2,680 12,890 Nestle Le Mur ••A*..........* 2 180 1,322 Nineteen Hundred Corp A..* 996 No Amer Securities class A..* 26 ""681 7,940 - Preferred 100 820 100 Ohio Confection...........* Packer Corp......—.....* 9,159 Patterson-Sargent. 3,760 Peerless Corp..............3 • 33,179 RJchman Bros......... ........ 890 3,617 2,745 * 10,272 1,050 ? 626 1.347 105 22,333 Seiberllng Rubber.........* Preferred ............. .100 3,287 7,358 S M A Corp common.......! 1,007 Stouffer Corp A........ 2.783 b Trumbull-CUffs pref....100 29 X 3,970 1,285 332 100 ■■ Dec. Dec. 31 31 Sept. Oct. 21 Dec. 54% Dec. Nov. 17 ■ July 6% Feb. 15 Sale Sale Sale 63 X Sale 101 105 17 62 10% Sale 9 H Sale 19 20 6 Sale 25 27X 26 21 Sale Sale Sale 20 24 1 1% 57 Sale 2% Sale 6% 9 14% Sale 32— ..... 83 5 3 18X Dec. 24 3 5" "Dec ."21 50 22 3 2 Dec. . ; Dec. Dec. 17 101 28 Dec. 12 58X • 60X 60 19 65 Dec. 14 7 105 14X Dec. 21 Dec. 29 24X Dec. 5 27 Dec. 30 8X Dec. 21 8 June 16 42 ; Dec. 1 Dec. 28 1 8 16 63 25 28 14 16 Dec. Dec. ■U Dec. Dec. Dec. 7 9 9 3 5 10% Dec. 2 23% Dec. 11 46 Dec. 15 7 46% Dec. 8% Dec. 76 4 Dec. 14 63 *8H 7 Dec. 31 66% Dec. 16 28% Dec. 16 107% Dec. 58 Dec. 29 33 Dec. 19 107 X Dec. 105 Dec. 71 20 -9X 8X Sale 101 7X 8 IX 2 11 Sale 99 Sale 2 12 Sale 45 "44 Sale 3 19 9X Dec. 29 23 Dec. 31 27X Dec. 23 2X 30% IX 10 1H 30 44 ~fl% "Dec. '"§ 23 33 Dec. 31 Dec. 14 9% Dec. 4 9% Dee. Dec. f 7 2 Dec. Dec. 31 2% Dec. 3 30 Dec. 12 Dec. 2 11 Dec. Dec. Dec. Dec. 7 Dec. 107 9 "45" "Dec" "I 104% Dec. 18 104% Dec. 18 "4% * ----- Sale 16 25 Sale 26X Sale Sale 54 3$ Sale Sale A* Sale 6X Sale 38 17 31 Sale Sale Sale 18 ■ 33X T5)?1pec^2i 24X Dec. 3 X Dec. 2 7 100 18 9 15 Sale Sale Sale Sale 18 84 X ~— 109 113 IS* 107 Jan. 2 75 14 Feb. 36 36 1 May 15 July 21 2 Aug. 18 Jan. 8 Jan. 16 Dec. 2 10% Jan. 16 55 22 33 60 3 65 19% Mar. Aug. 104 100 8 30% Nov. 18 6 107% Apr. 17 24 16 12 13 4% May 11 62. Apr. 25 39 9 Apr. 24 Oct. 17 3 18% Apr. 30 45% Apr. 29 16% Mar. 53 Dec. 28 5 Dec. 21 19 1 6% Dec. 31 4 41 1 19 Dec. 3 Dec. 16 32% Dec. 23 14 13 18 85 Dec. Dec. Dec. Dec. Dec. 31 ,l5"""D"«j'."31 46 23 Mar. 20 Dec. 9 Nov. 10 Oct. 13 Dec. 15 46% Dec. 8% Dec. 76 7 4 Dec. 14 48% Sept. 10 15 25 Mar. 3 Aug. 15 34% Nov. 18 53 Sept. 23 18%*Oct. 9% Dec. 4% July 14 1 % Aug. 12 Aug. 4 1% Nov. 27 6 7 Sept. 17 Jan. 4 20 6 29% Nov. 2 1% July 21 27 Apr. 27 104% Nov. 6 2% Mar. 30 2 9 % Jan. Dec. 2 Jan. 8% Jan. 14 May 30% June Dec. Jan. 10% Dec. 2 23% Dec. 11 2 112 17% July 16 17 32X Dec. 20 1 2 62 37% Dec. Dec. Dec. 8 Jan. Jan. 5 55 Dec. 31 Mar. 30 Dec. 14 6 June 24 105 26 14% Dec. 21 63 2 34% Jan. Jan. 6 30% 10 19% June 8 28 3% Mar. 8 June 20 % May 15 Mar. Sept. 12 Dec; 12 19% June 30 90 May 15 28% Mar. 27 96% Oct. 2 Feb. 27 Jan. 23 27 27 Dec. 10 Oct. Oct. Jan. 35% 4 16 Dec. 17 101 !BH Jan. 2 Oct. 53 102 83 14 July 21 Feb. 29 26% Dec. 15 3 X Dec. 1 102 Sale ..... Feb. 20 14% Feb. 7X Dec. Dec, 107 7 45"" IX 30 May 14 Oct. Dec. 31 56X Dec. 16 58 Dec. 8 32 Dec. 23 X Sale 110 45 10 25 41 10 Feb. 13 124 Aug. 22 117 Apr . 4 123 14% Sept. 100 6 39 102 112 Jan. > Nov. 6% Sept. 22 74 X ioR "if" 103 Dec. 38 40 11 Sale Sale 2% 25 50 42X 44 41 Sale 8 Sale 68 75 43 X 45X 10% Sale 20 X 23 32 X Sale 29 29 % 100 4 Dec. Dec. 30 v 9t* '&». Jan. 107% Mar. 60 8 6 Nov. 17 Sept. 18 Dec. 8 18 Oct. 30 Sept. 17 July 10 73 July 10 Dec. 22 A* Dec. 30 36 Dec. 31 31 21% Nov. 6 55% Nov. 6 Oct. 25 104X 1,499 Union Metals Mfg Co.......* 10,291 Upson-Walton.............1 11,348 Vichek Tool...............* 8,607 Weinberger Drug..........* 1,316 West Res Inv Corp pr pref 10# 236 Youngstown S dc T pref. .100 • Dec. 86 80 35 June 90 16 42 9% Sale 67 Truscon Steel preferred.. 100 245 9 Dec. 9 Dec. 2 IX Dec. 22 36 Dec. 30 65 64 54% Dec. 1 2 Dec. 91 110% Dec* Dec. 60 20% 60% 40 Sale 47 ; 19 7 62 H Sale 23 26 27 X 28H 15 ..... / 87 X Dec. 110 Dec. 116X Dec. 30 117 28% 108% 28H 104 17 29 15 8 4X Dec. 29 79 Dec. Jan. 45 80 23 Feb. 16% Jan. ~35""Dec". 14% Dec. 17 28% Oct*. 40% Feb. 9 7 42% Oct. 17 24 106% June 20 Jan. 4 82X 60 106 X 2% 992 Ohio Brass B.. Jan. 35 Dec. 30 86 3% Dec. 28 117 Sale 33 58 102 16 12 % 21% 19 % Sale 42 44 65 "§25 Dec. Sale 56% , Drug......* 1,814 Monarch Machine Tool Co.-* 86,303 Murray Ohio Mfg......... 23 50 300 Midland Steel Products.....* 3,211 ■ V: 90 8 30 28 115 i?ih as* ..... ....... ' Dec. 30 31X Dec. Sale 35 81 25 4% Lamson Sessions..... 10,688 Medusa Portland Cement... 11,026 Metropolitan Paving Brick..* XW*--. 389 Preferred... ....100 • 62 Cooperage flails Brothers ........ 720 3,654 1,443 1,110 1,832 3,168 * ...100 7,130 Interlake SS. "—.* 15,960 Jaeger Machine...... ....—* 10,051 Kelly Island LdtT... 280 100 33 82% 4,319 461 86 29 *28% "32" "28" "30"" ~29%~D~ec."22 89 1,079 Dec. 45 140 19% 80 24 7% pre* 886 8 ~18%~De£~~29 *19%"Dec"." 1 Sale 116X 15 Mills 86% 2,601 - - "69% Sale' "70" "72" ~68""DecTl8 75*"D~ec."l6 61% 9% 138 U6X 35% 59 % 10 % 10% Bros Dec. Sale Prices 40 Mar. 21 11% Mar. 13 p 133 Sale 33 2,718 Greif Dec. Dec. 31 Sept. 23 18% Apr. 30 40% Feb. 7 Nov. _ 213 Sale 111 62 Sale 35 X 31 Sale 28X Sale 9 Faultless Rubber....... r 6 X 21% 118 ........ -956 Great Lakes Towing 463 Preferred. .......100 52 100 89 X Dec. 15 Dec. 9 9 100 24 12 80 19% S6X 35 . Sale 100 75 30% Dec. 9 14X Dec. 17 25% Dec. 16 -35*"Dec"."29 45 50 Sale Prices 71 60 7% cumul preferred 100 600 Goodyear Tire & Rubber...* ; 36 100 34) 98) "185 XW&Ziv ; 24 Lowest Sale Prices 98% 15 5% preferred.......... .100 850 Gen Tire 8c Rubber (new)..5 80 6% preferred_........._l©0 200 Goodrich (B F)_. —.25 ; YEAR 1936 Highest Highest Sale Prices 24 Dec. 31 13 X Dec. 3 25 Dec. 18 * Klec Controller dc Mfg... 513 (f) Enamel Products..... 80 : Dow Chemical 1.-068 3.305 ; - mm — m Preferred..-- Ask Sale 23 105 100 46 Cleveland Builders Realty..* Certificates of deposit.. 100 185 Cleveland & Buffalo Trait..* 1,534 RANGE FOR Lowest Dec. 31 Ask Bid 28 24 Bid Ask 1.250 Clark Controller...........* 6,370 (new)..................l 1,633 — .. 8,779 Gity Ice dc fuel....— 60 • . 78 Canfield Oil common.....100 10 7% cum pref 100 10 , (a)Preferred. 24,789 Apex Electric & Mfg„......* Preferred..............100 1,522 805 - $2,666 Jan. 1 to Dec. 31 Dec. 1 1936 Bid 1,405 Air-Way El Appl l«t 7 % pf 190 8,748 Akron Brass Mfg common...* 32,810 Allen Industries Inc new...* 1,605 December Jan, 2 STOCKS December 1935 1936 Bond Sales 1935 58,486 529,069 Price 12 Months In ' PRICES IN DECEMBER CLEVELAND STOCK EXCHANGE SALES AGGREGATE r , 79,191 788,418 Jan. Jan. 5% Jan. 16 9% Dec. 14 15% Dec. 5 7 8 9 31 20 Dec* 9 1 90 Dec. 14 17 70 112 16 30% Jan. 20 3 Sept.11 47 Nov. 2 106% Sept. 26 2% Mar. 30 21% Oct. 20 27 Jan. 9 3% Nov. 27 13 28 15 68 15 45 Nov. 23 19% Feb. 16 35 Apr. 17 2 19 2 100 7 8 14 Feb. 6% Dec. 31 3 103 Nov. 30 May 28 Jan, Jan. 4% Feb. 17 Feb. 27 4% Feb. 19 Mar. 13 Oct. 8 15 10 Dec. 31 25% Nov. 12 90 Dec. 14 June 24 Oct. Oct. Apr. 30 115 19 16 value, (a) Stock called for redemption Mar. 1 1936. Trading suspended at close of business Feb 28 1936 (b) Stock called for redemp¬ Trading will be suspended at close of business Mar. 31 1936. o Offer of exchange share for share for new 6% pref. 7% pref. called Aug. 15.1936. d Admitted to trading Aug. 24,1936. e Admitted to trading Aug. 20,1936. f Removed from trading at close of business Aug. 27.1936. >> No par tion Apr. 11936. for redemption on , '• . ' ' \ /A.'A'V.'<iv. ^ •• ■vP;V%,n ■'V-v.' , ...... ■ ' "? 5 ;",AiA.A ■ ■' .■■■'A; "'A! f ■ .-. • .. ■„ ■ ;;y; RANGE OF PRICES ON DETROIT STOCK EXCHANGE Stock Sales December.—-- AGGREGATE In 1936 SALES December Share* DETROIT STOCK EXCHANGE 12 Months 1936 Share* l",693 30,701 35,892 24,939 4,070 2,691 3,321 1,260 : 9,953 37,236 37.506 48,182 4,398 7,438 57,057 131,529 5,394 2,638 71,506 162,484 8,285 18,138 667 "6",052 2,949 1,886 PRICES IN DECEMBER 825 STOCKS Auto City Brewing common Baldwin Rubber common 1 Bohn Aluminum A Brass 5 IK Sale 52** *53 K 52 53 K 26 K 30 7K Sale 21 Strip Co common 5 Chrysler Corp common.....S 22 Crowley, Milner 8c Co com..* 6 Oetsel Wemmer Gilbert com IS 23 Detroit 8c Clerel Nat com..10 Detroit IK 2K 44,495 Prankenmuth Brewing com. I 7,431 Gar Wood Industries com...3 6,000 Gemmer Mfg Co class A.....* 887 Class B * 39,891 3,755 33,809 121,620 99,081 212,751 39,050 64,924 110,958 1,865 49,199 2,150 550 684 9,008 „ 101 2,902 355 174 *2*332 1*5*889 5,180 235 Kingston Products Corp Kresge (8 8> Co 530 825 *13*752 5.435 2,615 585 43,826 22,224 16,504 55.611 23,838 21,102 122,239 154,265 130,732 13,206 1,570 * No par 56 Sale Sale 12K Preferred.A. 24 26K 6K Sale 17 K 20 *3K "*3K 6 .10 ... Corp l .10 *5H Sale 62 K 63 K 15 K Sale 19 K Sale 2.50 com Parka Davis & Co A * ..... Parker Rust Proof com..2.50 Parker Wolverine Co com * Peninsular Metal Products. 1 Bfeiffer Brewing Co com i. V; 5 Klckel (H W) 8c Co common! River Raiein Paper com „U . Scotten Dillon com... -tooar* O cfaaa * ClassB common , 6 44 Sale Sale 16 K *5* 17 K Sale 5K Sale 6H Sale 25 29 3K Feb. 28 12K Mar. 24 57 K Jan 30 63 Mar. 5 33 K Oct. 8 9K Sept. 22 24K Jan. 3 25 K Sept* 29 UK Sale 42 46K "lOK Sale 42 46K 26K Sale 15 K 15 K 3K Sale 29 Sale 3K Sale UK 12 6K 6* 5K Sale 4K 5 5K 6 10 K .100 * • 23 K 25 99 K Sale 5 120 22K 22 1 2CK 24 K Sale 18* 3Vi 8 W 9 65K 68K 8K Sale 6K Sale 7 A IK Sale 7K **1K'Sale" 8 ~ 1 Dec. 7 Dec. 15 Dec. 28 *50K Dec. 30 Dec. 9 Dec. 2 Dec. 16 Dec. 23 69K Dec. 11 7K Dec. 16 3K Dec. 21 SK July 29 Oct. 7 2K Dec. 7 Dec. 25 Dec. 10 Dec. 28 ^ 24 6 Jan. 3 L9 Dec. 19 IK 6K IK 28 Dec. 1 Dec. 2 Dec. 14 Dec. 23 6K Dec., 23 K Dec.' 4 Dec. 2 30 1 % Dec. 9 Dec. 21 L5K Dec. 23 2 Dec. 19 6K Dec. 4 I 4 Dec. 15 3K Dec. 28 15 Dec. 21 21K Dec. 22 L6K Dec. 21 3 11 Feb. May Apr. Nov. 4 July IK Dec. 20K Apr. 5K Oct. 23 K Dec. 3K Jan. K Oct. I K Oct. 15K Dec. %Jan. 26K Dec. 16 20K Dec. 15 2K Dec. 4 8K Dec. 15 IK Dec. 14 30 K Dec. 2 7K Dec. 7 25K Dec. 18 4K Dec. 18 IK Dec. 1 2K Dec. 1 16K Dec, 15 IK Dec. 9 7 Dec. 4K Dec. 4K Dec. 5 3 3 Jan. 40K Dec. 32 Feb. 24 15H Jan. Dec. 19K Dec. DCc. 30 15 20 34 27 Dec. 22 Dec. 21 16K Dec. 2 3K Dec. 12 Dec. 11K Dec. _ II Dec. 3 16 K Dec. 10 7 Dec. 21 3K Dec. 18 7 24K Dec. 99 K Dec. 3 Dec. 22 2 Dec. 17 7 5K Dec. 8 SK Dec. 22 6K Dec. 7 Dec." 31 3 25 36K Dec. 10 4K Dec. 14 Dec. 11 17 99 K 23 K 12 K 100K Dec. 28 24K"De"c."i5 "27K D"ec"."*8 4 '"Dec. 1 12K Dec. 2 Dec." 9 26 "*6K Dec. 3 Dec. 29 26 Dec. 29 8 42KD"ec".*29 44 K 2 Jan. ~ Dec. Jan. Jan. 3 Dec. 30 15 Dec. 15 31K Mar. 3 22 K Nov. 5 2K Dec. 4 8K Dec. 15 IK Dec. 14 32 K Nov. 18 8K Mar. 11 25 K Dec. 18 6K Feb. 21 IK Nov. 19 3K July 28 20 Apr 13 IK Fbb. 8 7 Dec. 7 5 Nov. 19 5K Jan. 11 43 K Oct. 19 25 K Nov. 13 22 K Mar. 6 23 K Dec. 1 38 K Sept. 30 13 K Sept. 9 50 Feb. 13 31X Oct. 23 18k July 1 3K Nov. 13 18K Mar. 5 7 Dec. 17, 8K Mar. 25 7K Feb. 19 7 Jan. 13 32 K Nov. 27 ,36 K Dec. 10 23 Apr. 28 10 Nov. 18 4K Dec, 14 26 Nov. 17 100 Nov. 20 34K Aug. 10 27K Dec. 8 109 Nov. 30 U: Apr. 1 Nov. 5 U; Nov. 28 273 12j 35 7 40 10 31 26 8 23K Feb. 18K Nov. 30 7 _ July 14 Nov. 30 65 10 . 6 4 6 3K July 29 8K Mar. 31 18ll 10 9 Dec. 29 Dec. 29 14 Nov. 5 Dec. 15 Dec. 28 76 K Nov. 9 10K Feb. 17 4K Feb. 21 Jan. 25 7 Mar. Mar. 11 5 23K Juiy Mar. 5 Nov. 10 Jan. 21 Jan. 11 Oct. 2 7K Oct. 28 Feb. 3 Dec. 28 Dec. 21 Nov. 4 Mar. 12 Mar. 21 Mar. 19 Nov. 19 6 31K % July 3 9 5K Sept. 1 UK K July 1 IK 12K Oct. 13 14K 96 Oct. Aug. 29 101 42 K Dec. 29 54 K Apr. ' 6 2 31 2 Oct. 19 Mar. 5 Mar. 4 Oct. 21 23 K Jan. 23 K Oct. 2K Jan. Dec. 21 1 Jan. 4 14 Dec. 31 6 15K Aug. 10 6K Jan. " T>ec.*28 7 13 K i 9 25 IK Dec. 25 2 2 4 25 15 30 5 8 1 15 1 July 4 7K Jan. 32 July 14 4 7 May 9K Dec. 16 7K Dec. 15 105 43 K 44 K % 12K Sale Apr. Dec. 29 Jan. Jan. 36 7 K "Dec. *4 5K Dec. 5 11 30 30 23 14 28 26 30 3 24 20 23 2 3 7 14 25 2 30 ia3K Feb. 29 *7K D"e"c".*29 "*8K~Dec". 23 K "Dec.*28 10 Dec. 21 9 30K May 15 23 Apr. 28 3K July 3 3K Dec. 18 "*9K"Dec. 25 July Aug. Aug. 6K Jan. 41K May 23 K June 15 Sept. 2K Sept. 10 K Sept. SKAug. 4K July 4K Oct. 4K May 45K Dec. Dec. 31 2 Jan. 44K 23 14 IK Dec. 29 23 K Dec. Dec. 10 it37 Dec. 10 LOK Dec. 19 UK Dec. 1 Dec. 9 Dec. Dec, 14 Dec. 15 Aug. 19 11K Nov. 18 20 17 L3K 26 K L5K 3K LI K 6K 5K 4K 5K 8 Dec. 16 2 Dec. 10 65 IK Dec. Dec. K Dec. 13K Dec. 6 x Ex-dividend. : 12 5K 2K 17 K 44 Sept. 10 4K Dec. 31 54K Jan. 21 5 100 48K 39 44 5K Dec. 9 % Dec. 18 12K Dec. 21 Sale K Sale 13 K 64K 6K 2K IK 5K 6K 25*" II"! 13 Sold for cash, 24K 23*"r25K m. Sale 6 27W 33 12 7K Jan. 3K June 9 IK Oct. 20 15K Dec. 29 2 Dec. 17 K Dec. 120 7K Sale Sale 98 *47K 23K 107 a1^ W* 50 May K Dec. 18 28 K Feb. 8 12K Jan. 14 16 Apr. 24 z9H Jan. 3 37 K 32 % Sale 46K 100 Sale 6 Preferred.. ............100 Sale *23 j| ^25* Sale 26 34 6K 6K 2K Sale I P, 5K Sale 31 36K 38 4lK 43 K 7K Sale 37 27 K 6K 12 # 30 K Sale *7K **8K r 6K Sale Sale ..... *4K "*5K Deferred delivery sales, IK Sale 2K 16K IK Sale 6K 8J 3K 4\ 3K Sale 34K 35 V 21K 22 K 17 K Sale 20 20K 2 40K 5K Sale 30V 6K 6h 23 K 24 K 4K Sale .... 35 13 103 Sale IK Sale 25 23 K Mar. 23 Dec. 29 Dec. 4 Dec. 31 Nov, 17 Oct. t29 19 25 17 17K Apr. 20 |Nov. 5 21K Dec 9K Dec. 9 5K Dec. 23 >5 7 36 K 17 Dec. 3 Dec. 2 Dec. 29 . 4K Feb. 4 Apr. 152K Feb. 14 July 8 Aug. 27 18K Dec. 29 4 L7"""D"ec""l8 *18K"Dec. 29 K 4K Sale 4K Sale 40K 41K 35K U S Graphite Co com_....10 U S Radiator com.... ...» 3,833 Young (LA) Spring & Wire.* a „ 65 Sale Sale IK Sale IK Sale Sale 15K 19K IK Sale 30 .....10 Preferred. Dec. 40 17 Sale 23K 25 19 Sale Sale 24 19 K Jan. Jan. Jan. 17 19K Dec. 15 8K Dec. 23 Nov. 5 Mar. 20 Jan, 6 May 13 23 Dec. 16K 26 6 Dec.31 9K Dec. 14 19 K Dec. 9 Sept.26 15K Dec. 16 Nov. 6 Jan. 21 135 Apr. 28 Aug. *8 65 30K Union Investment Co com..,* United Shirt Distributors..* 530 Walker 8c Co class A....__.* 825 ClassB.............. * 3,056 Walker 8c Co units 419,315 Warner Aircraft Corp com..1 32,968 Wayne Screw Prod com.....4 152,378 * olverine Brewing Co com.. 1 12,896 Wolverine Tube Co com .2 8 Feb. 11 Dec. . 9K Sale 14 K _ 6K Sale 3 2 30*" *30K Sale new.....! 42,572 Universal Cooler class A... 242,669 ClassB... 4,476 *'ni»eraal Product com 63 Sai „2K 39K ....10 & 39 12 K -69**Jai; 6JTS^O 4 3 3 Dec. 24 16 4K Sale 27 16 K • 15,842 54,419 2,135 1,240 Sale 37 Prudential Tnyesting Corp Km Motor com, 9. 5K 6K IK Sale 2K % Sale Abrasive com...50c Motor Products Corp com 8K 8} 3 Dec. 3K Dec. 20 20 Sale w ..... .. 2,902 Warrants.. ji 6,925 Stearns (Frederick) com.. 224 5% cum part pref .100 1,016 Sutherland Paper Co.... 10 53,313 Tlmkaa Axle com is 15,751 Preferred joo 424,176 rivoli Brewing Co common.1 value, June 13K 86K 19 2K 5 35 13 K 2K 6 X Sale 6K 18K Sale 63 K 27 28 K 19 20K IK Sale 6K Sale 97,250 Standard Tube Co class B___ 244 "372 7 3 Dec. 23 Dec. 24 K Dec. 18 34 9K 55 K Dec. 22 ~5K"Dec.*l7 15K 19K 4 15K Dec. 16 Dec. 4 Dec. 28 123 18K Dec. 29 7 39 K ii* Dec. 22 *6 K "Dec."*4 8 8H Sale 18K 19 19 IK com. .. *7K Sale* 17 X Sale 40 43 21K 1 is . — 114 5*871 20 10 Sale 7K 7K 4 H Sale 1 com 550 Nat Automotive Fibres vtc..* 256,428 Packard Motor Co com, ..* " 12,383 12K --A. Kinsel Drug Co com 425 Truscon Steel Co.. *1*726 Sale Hurd Lock & Mfg Co com 765 Muskegon Piston Rg 179 11*,103 Hudson Motor Oar Sale ■IK 29 _ ,..A 25K May 13 6K Aug. 24 14 Aug. 18 16 Aug. 21 Dec. 14 3K Dec. 11 K Dec. 31 % Dec. 4 143 Dec. 8 148 Dec. 29 K Sale 146 4X ? * 32,556 M6tor Wheel com...... 73,506 Murray Corn common. 765 46 Dec. 30 1 Dec. Dec. A 4 15K 15 15K 14 K 117 X 125 115 C117 23 23 23 K 22 2K 3 2K 2K-2K 9 11 28 29 2K 2K Sale 18K Houdallle Hersbey class B..* 27,529 Micromatic Hone 11,245 i Dec. 16 22 K 7 Sale 8 K Sale Hooter Steel Ball com..... 10 Hoskina Mfg Co common • 135,000 Mid-West 898 54""*Dec.*21 123 Sale ....* Steel Tube Prod 140,787 Michigan Sugar com 2,080 8,145 380 * all ,26,147 Mich 8,942 580 Grah«m»Pelge Motor com. 1 Grand Valley Brew common. S Lakey Fdy A Mach common. 1 580 Mahon (R C) class A pref. * 51,526 McAleer Mfg Co com ....* 341,942 MeClanahan Oil Co com..__l 19,186 MeClanahan Refineries 1 580 4.652 2,213 6,023 10,090 Geneiai Motors com. .IS Goebcl Brewing Co com.....l tamp com 506 Home Dairy class A 2,112 4,304 95,316 28,746 39,050 4,276 9,t>09 784 2K 950 General Finance Corp com.l 71,819 2,987 11,930 Aircraft A Tool....3 • 2,720 9,451 3,330 Sale Detroit Paper Products.....1 Detroit Steel Corp com.....5 com 121,623 429,221 192,197 27,557 100 2K Detroit Mich Store common.1 • " Highest Sale Prices IK Oct. 16 9KJuly 9 44 K Oct. 27 Dec. - 6K Dec. 29 14K Dec. 29 14 K Sale 5 com 9,267 9,244 17,297 6,640 1,461 4,016 9* 22K .... _.!§<> Gray Iron & Fdry Pederal Motor Truck . 1936 Lowest 29 K Sale Sale 7 Cripple Creek G M..1 De'roit Edison com Detroit 9,534 Pederal Screw Works 214 16 18 950 YEAR SaU Prices Prices Dec. IK Dec. 11 9K Dec. 21 15K 90K Consolidated Paper com...IS Coatlnentnl Motors com 1 11,014 £x-Ccllo 1,587 33 Sale 17K Highest Sale Pnc*% Casco Products Corp.......* 92,670 Federal Mogul common.....* 355 558 10K 43 K 65K 31 60 26 K 11K 46,269 6,035 6,446 61K 10K 41K 53K 48 Briggs Mfft Co common.. Adding Mach Ask Sale IK 11K Sale 46 Burroughs Burry Biscuit Corp ,...12Hc Capital City Products.. * 10,428 Bureka Vacuum Cleaner....* 920 RANGE FOR Lowest Ask Bid IK IK Ask Bid Bid Dec. 31 Dec. 1 1936 ,6,045 Baton Manufac'ft Co com...4 6,913 1.284 5,777,061 m Price 9,789 26,783 Detroit Steel Products.....* 4.070 Dolphin Paint tc Varnish A.* 47,070 Qass B loo 1935 , Chamberlin Metal Weather _ 2,675 2,170 2,932 3,035 1936 Shares-7,094,262 Jan. 2 Par 317,246 188,803 :• 2,071 20,275 7,870 7,945 " 1935 | Stock Sales 795,243 ' Jan. 1 to Dec. 31... --Shares x 668,676 ... 1 8 12 Months In December Shares Shares 293 657 110 - 726 3.608 1,571 601 641 677 2,040 i7 1,324 10 * Co......-.* General Foods Corp * Hupp Motor Car Corp —lo 'Vi,y;V Sale 12 Consolidated Oil 34 Sale 25} Sale 184/8 Sale "3% Sale Sale Sale 3% Commonw At Southern Corp 13 X Sale "VA Sale" 1% Sale Kelvin a tor Corp.. 15 Sale 22 X Corp....* Kroger Groc Ac Bak Co—..* National Dairy Prod Corp..* 29% Sale 22 V ..uji V:.* /S. Lowest Highest Sale Prices Sale Prices ifM 2?'} Sale Sale Sale' 24% Sale 43% Sale Sale Dec. 17 Dec. 2 Sale 15 A 16 X 15% Sale t-y Sale Sale 17 15 H Sale ;•. '/Zf. jr,; ''v K\' Sale" 22% Dec. 29 40% Dec. 23 15% Dec. 21 Dec. 29 15 S-V*&.:v. June Jan. 3 3 Aug. 11 Oct. 29 Feb.117 Jan. Dec. K- 17% Dec. 31 Jan. 21 19% July 3 21 Apr. 30 27% Jan. 2 9% May 9 12% May 23 14% Apr. 30 44% 3% 25% 63 X 28% 28% 49% Nov. 10 Feb. 21 Mar. 20 A:[?rAi:r "'V Nov.B5 Jan. |13 Aug. 13 Oct. 9 20 Nov. 16 17% Nov. 6 18% Feb. 24 .1;;/. rV'\V :T A'-t 13 2 14% Jan. ' 2 1 Dec. 8 Feb. Dec. 31 Dec. 2 Dec. 7 Dec. 31 24% Dec. 2 24% Dec. 1 45 Dec. 10 18% Dec. 2 17 Dec. 31 16% Dec. 1 18% Dec. 14 "14 X Sale Dec. 17% 41% 2% 22% 62% 38% Dec. 29 1% Dec. 1 Sale 41 3 Dec. 7 Dec. 17 3% Dec. 16 Dec. 29 Dec. 1 Sale 19% July 7 27% 149% Apr. 30 190 25% Dec. 19 32% 65% Jan. 20 83 5% Apr. 27 Dec. 31 23X Dec. 9 26% 19% Dec. 21 190 25% Dec. 19 26% J6% Dec. 22 82% Dec. 29 Sale 27 100 N Y Central RR Highest Sale Prices WX Sale -J— Kennecott Copper 4,190 Purity Bakeries Corp.....—* 25,597 Socony-Vacuum Corp.....25 24.165 Standard Brands Inc.......* 846 X Sale 187 X Sale 991 Bora Warner Corp com 2,861 * 23 Sale 24 166 * Co.......100 Lowest Ask Borden Co...............-3® 24,638 20,758 9,773 41,451 67,838 9,822 18,865 12,969 20,758 4,863 Ask Bid Bid American Radiator...-. Amer Tel At Tel YEAR 1936 Sale Prices Dec. 31 Dec. 1 1936 Unlisted Dept.— 23,129 4.428 6,132 2,060 RANGE FOR Price Jan. 2 STOCKS 1936 63 EXCHANGE PRICES IN DECEMBER DETROIT STOCK EXCHANGE SALES AQQREQATE STOCK DETROIT Jan., 1937] Pittsburgh Stock Exchange MONTHLY AND YEARLY RECORD EXCHANGE RANGE OF PRICES ON PITTSBURGH STOCK Stock Sales December 291,374 Shares_ 2,942,637 Jan. 1 to Deo. 31 vi ■ 1 BONDS 1936 5,345 Allegheny 40 380 9,723 1,832 21,273 15,077 34.320 5,118 *940 « y4,230 6,686 Corp Preferred Armatron j 11,642 24',947 385 s 4,650 4,877 W' 3% 16 Sale 125 Preferred "3% Sale' 743 19 Sale Sale Sale Sale "2% Sale" zzz: "14% 18% . . ... .., — 10 260 13,227 29,549 4,855 1,100 26,938 6,222 4,994 259,299 15 18 19 16% Sale 14% 17 7% Sale 7% Sale 4 Sale 15% Sale 1% 1% 50 3,695 1,822 159 3,016 2,410 70 2,113 960 16,483 17,782 2,391 .. . rA: Lone Star Gas. 10 • ... 1 42 Sale ..... l°o% 1% Sale 1 ''''trgiiiils— 7,962 Pittsburgh OH A Ga. 5 7,720 Pittsburgh Plate Glass 25 82,936 ?»«tt« Srre«» A Rolf Corn * 16,884 Pittsburgh Steel Foundry..* 2,498 Preferred_ 100 . 47,896 . a 400 4,702 660 Renner Brewing Co...... — I a .... 4,663 445 156% Sale 12% Sale 2% 2% Sale" 8 7 16% Dec. 29 10% Dec. Dec Oct. Jan. 3 Dec. 31 20% Dec. 14 1 5% Dec. 18% Dec. 14 Dec. 9 Dec. 19 Dec. Dec. 25 16% Dec. 19 Dec. Dec. Dec. 10% Dec. 30% Dec. 1 Dec. Oct. Oct. 54 10% Dec. 23 Oct. Feb. "97" 93 130 127 106% Sale 12 Sale 2 Sale 59% Sale 7% Sale ; 8% mm . 10 3 Sale 3% 1 25% Sale 5c 9c 1% Dec. Mar. Jan. 5 85 Dec. 129 /■:. Dec. 106 91 Dec. Nov. 10 Nov. 10 Dec. 30 8 129 Dec. Dec. 8 Sept. 8 34 59% 6% 7% 17% Dec. 21 107% Dec. lc 3c Dec. Dec. Dec. Dec. Dec. 14 9% Dec. 3 Dec. Dec. 3 1% Jan. 25" "Dec"." 16 11% Jan. 16 Jan. Jan. 3 14 Dec. 2% Jan. 10 Nov. 27 Oct. 20 Nov. 30 1 1 Dec. 21 4 Dec. 16 Dec.' 1 8c Dec. 10c 4 34% Dec. 10 65 Dec". 1 Dec. "I 1 Dec. 19% Dec. 31 1 Dec. 1% Dec. 30 125% Dec. 24 132% Dec. 3 15 1 11 Sale 11% Dec. Sale 19 95 92 10 1 41 4% July 2 1 Dec. Dec. 31 13% Dec. 30 24 96 * Dec. 2 Dec. 12 Sale 4c 21 Jan. 13 50 4 11% Oct. 60c 34 Sale "95c" m ":y l^- 17 35% Sale Z— Sale 147% Sale : Dec. Dec. 31 Mar. 10 98% Jan. 3 7% May ; 8 Apr. 7 Dec, 30 Dec. 2 Dec. 12 3 Jan. 17 Jan. 10 21 12% Jan. 6 Dec. 30 2 June 15 Apr. 1 15 2c Jan. 11 17 6% Dec. 18 14 ■* Dec. 31 3% Jan. 11% Oct. 31 "33" "Dec. Dec. 11 1 4% Dec. 4 1 20 ;; Jan. Jan. Oct. 15 June 30 16 Dec. 30 5% Dec. 11 10I8 S: i 45 Dec. 12 Dec. 2 2% Dec. 44% Dec. 1 Dec. 2 Dec. 31 1% Dec. 10 Dec. 142% Dec. 20 16 Jan. 2 22% May 23 1% Sept. 9 31 Jan. 22 60c Jan. 2 1 Jan. 15 34% Jan. 13 97 Jan. 2 50 1 2 3 Dec. 16 Nov. 16 1 1% Dec, 1 19% Dec. 31 3c Dec. 11 1 2% Sale Feb. 27 21 Oct. 7% Jan. 50 27% Dec. 30 29% Dec. 31 45% Dec. 22 3 Dec. 23 44% Dec. 11 Sale Apr, 15 Sept. 17 9 5% Dec. 10 11% Dec. 14 Sale 30"" Sale 15 Apr. 15 2c 3c 30 2 Mar. 16 50c 3 2c 2c 22 Apr. 23 Jan. 3 1% Dec. 15 18% Dec. 22 Sale 12% Dec. 31 16 4c 5 7 Nov. 17 Dec. 31 Dec. 3 Dec. 3 Mar. Nov. 2 1 5 65~ Sale 6 Jan. 12% Dec. 2% Dec. Dec. Dec. 3c 33 14% 3% Sale 5 10% Dec. 2 2 13 Dec. 30 June 30 Dec. 30 3% Dec. 16 Sale 85 : Nov. Nov. 20 6 7 Sept. 29 Dec. 11 ; Nov. 25 Nov. 13 Sept. 9 Sept. 14 Dec. 16 I Dec. 31 ; Oct. 19 UNLISTED. 13 1,288 * 6,438 Lone Star Gas 1% pref. preferred 11,556 18,482 PrnnroadCorp? tc No par value, x Ex-dividend. r 106 101 105 It# 109 110 * 3% Sale 112% 112% 5 Sale ■■ 2 Nov. 16 Nov. 23 11 1 Sale 1 6 4 54 25""" Dec! mm 7c Sale Warerly Oil A............ 38,520 Westlnghouse Air Brake— 9,484 WestghouseEl At Mfg..... Nov. Dec. 16 36 Dec. 20% Dec. ... Brewing.Co—... 1 49% Dec. ""1% 5c 15 9 Sept. 29 131 13 65*" Sale 7% Sale 75c 1% 98% 99% 9 i July 27 Apr. 21 Nov. 27 Dec. 9 "16 Dec. 31 28 10 Aug. 24 10% 31% Sale 1 1% Sale 3c 4 Apr. 60% Dec. 24% Dec. 13 9 70c 10 8 17% Sale 1% 22% 33 ...., Victor 18 .......5 5,705 Ruud Mfg Zi 119,426 San Toy Mining—.. a 262,946 Shamrock Oil At Gas 4,927 Preferred 80,509 Rights— 22,438 Standard Steel Spring.. 66,766 United Engine A Fdy new 12,040 United States Glass 5,386 Vanadium Alloy Steel.... 78,944 1,780 Dec. 24 4C 3 3c ... 1,505 1,299 1,694 5 18 4 2% ...... 9,981 Plymouth Oil Cp 106% Sale 4% Sale 50c 75c 1 1% Preferred....100 39,789 '*trca!>ur£h 1.465 r 98% Sale 500 Pittsburgh Coal common.... 460 Preferred..........—100 , 2% Dec. 24 17% Dec. 11 Dec. 31 Dec. 10 100 Steel pf 100 73,996 Phoenix Oil com. ....25c 14,180 Preferred.. ..............1 13,671 Pittsburg Brewing. ....—..* 12,448 '•referred-'"'/ ■ >—* :-y:, Apr. 28 Dec. .... 5 Oct. Dec. 16% 12 Sale 127 10 toppers Gas At Coke pref. too , : v 8 llllli 107% Aug. 13 24 Dec. 17 38 Dec. 1 Dec. 2 Dec. 10 Dec. 1 5% 9% 57% 19 13 Sale 106 44,410 McKlnney Manufacturing..* 19,070 Meats Machine 5 . la^Dec. 17 19 52% Glass preferred Jones Ac Laughlin 18 24 17% ............. 176.655 Mountain Fuel Supply...... 24,579 Nat Fireproofing Corp com.* 42,747 Preferred ———————100 30 Penn Federal Corp com 24,880 5,720 1,147 629 . Preferred 153 • 107 Jan. 16 14 . 1,375 ■m Highest Sale Prices "2%D"ec."l6 "2% 2 10 Preferred..............100 75 Horne (Jos) common——— .-V Lowest Sale Prices 35c" ""l" 13 4% _. 5,042 Class A................ 51,809 Rights— * 25,128 Electric Products 22,229 Follansbee Bros pref 10# 54,913 Port Pittsburgh Brewing 1 11,849 Harb-Walker Refrac com * AAm Pricks ... Devonian Oil 117 Jeannet 20 Sale 5% Sale ..... Rights 10 Sale 19 6 common... ... ... . 5% Zio ...... 67,654 Ouquesne Brewing....... 7,682 Sale 120 111 3 525 Duff-Norton Mfg Co...... , X ioo ,. .... Go Crandall McKAtHend— 300 V -4K ..-854 I 150 107 Cork Co Illav-Sooi 500 Consol Ice Co 2,080 1,485 20 100 ■ - .. " :• 106 Highest Sale Prices Lowest Dec. 31 Ask Ask Bid 110 108% 110 ..... ..... Arknutaa Nat Gaa 301,680 Carnegie Metals.......... —1 * 30,135 Central Ohio Steel Prod15,112 Clark (D L) Candy. 69,569 Columbia Gas At Rloctrlc. 404 Ask Bid 38 Steel Preferred 100 Calorizing preferred 37*973 YEAR 1936 STOCKS Shares 530 Dec. 1 1936 Bid $5,000 Pittsburgh Brewing en 1 Shares 20 Jan. 2 12 Months December RANGE FOR Price STOCK EXCHANGE In $6,000 PRICES IN DECEMBER PITTSBURGH SALES AQQREQATE 1935 $9,850 73,850 1936 1935 I Bond Sales 259,679 December 2,329,690 ' Jan. 1 to Dec. 31 1936 113 Dec. 30 113 4% Dec. 23 99% Sept. 19 106% Mar. 3 115 July 13 5% Oct. 15 is:*: y .a/'. ' f 1 a; aa ' >;:V- >■; ' ,V : San Francisco Stock Exch. i •i i 1 ,= , 1 ■ $, MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE SAN FRANCISCO STOCK EXCHANGE Stock Sales ' 1936 Shares. Jan. 1 to Dec. 31 AGGREGATE 3ALES "In 748,586 7,723,780 SAN FRANCISCO STOCK EXCHANGE 1936 17,000 8,000 Atlas Diesel Eat Co 6s Jan. 1 to Dec. 31 "2",555 '"4,555 Shares. 915 "5",149 3,660 5,199 146 1,650 2,225 1,300 300 840 •.0,50 "9", 985 8,960 315 7,106 30 3,009 1,111 1,472 662 105 500 1945 Calif Gas & Elec Corp 5s. 1937 Calif Packing Corp 5% ..1940 City Electric Co 5s 1937 Coast Co G & E Co 4%.-.1965 Dec. 1 Ask 1033* 1063* 1073* 104 3* 105 «• — — M '•» 105 Emporium Capwell 5Hi 1943 1063* 1073* 1013* 103 Gt Western Po>* Co 5s 1946 108 RANGE FOR 103 105 Bid Lowest Highest Sale Prices Sale Prices Dec. 31 Ask Bid 108 X Ask 5,685 BI5 20,539 689 458 3,931 •230 2,208 6,329 890 345 785 1,229 *3*120 1053* 108 3* 106 X Dec. 23 108 1033* 105X 1043* 106 3* 101X 103X 1083* 111 106, 1063* Dec. 8 105 103 99 101 102 104 105 1033* Oct. 21 1033* Oct. 21 105 20 105 20 110 107 1053* 1063* 1053* Dec. 29 106"" D~ec~."~2 102 101 121X 1173* 99 H 100 X 117 119 119 1203* 15 "153* 93 95 103 X 120 15,807 Alaska Juneau Gold M cap 10 220 Alaska Packers Assn cap..100 44,674 124,229 41,641 74,195 2,986 I,368 27,039 Anglo-Calif Nat'l Bank 20 Assoc Ins Fund Inc com caplO Bishop Oil Co Byron Jackson com cap * 115 175 34,973 6,595 23,457 h* 273 50,234 45,734 51,853 9,305 95,200 1,424 38,650 15,342 18,723 3,562 1,410 22,163 Atlas Imp Diesel Eng Co....5 A 1 B 2 100 June 19 Jan. loaOJecTiU Oct. Feb. Assn caplOO com 20 .20 CMaveras Cement Co com.. Preferred 100 California Copper Cap 10 Calif Cotton Mills cap_..100 CaUf-Engels Mining Co 1 California Ink Co inc A * California Packing cap * California Water Serr preflOO Caterpillar Tractor cap • Chrysler Corp common 5 Claude Neon Elec Prod • Cloror Chemical A • Coast Cos Gas tc El 1st pf 100 Consol Aircraft Corp com 1 Chemical Preference series A 8,521 Preference series B 133,533 Di Giorgio Fruit Corp 27,968 Preferred » • com. 10 100 El Dorado Oil Works cap...* sis Emporium Capwell cap.....* Bmsco Derrick & Eq Co cap. 5 20 Fireman's Fund Indem cap 10 Po'rtlandA** 56,424 Foster & Kleiser Common com ...10 243* 15 143* Dec. 8 143* Dec. 24 233* D"ec""i 53* Dec. 22 20 Dec. 21 Sale" 6 Sale 21. 63* Sale 223* 233* Sale ISO 185" Tsji "iBk" 23 Dec. Dec. 11 1923* Dec. 15 196 7 63* Dec. 18 63* Dec. 273* Dec. 11 303* Dec. 1 19k ffi* 293* Sale Dec. 21 3 22 Dec. 9 104 7 25 ~ 28 34 34 98 49 47 Sale 46 99 X 57 5* 90 91 14 J* Sale 35 102 J* 17 J* M 122 3* 1243* Dec. 102 Sale 105 9 Sale 17 943* Sale 943* Sale 33* Sale 33 o 300 Sale 1113* m 54 X Sale 243* 25 163* Sale 153* Sale 35 Sale 18 Sale Sale 1123* Sale Sale 111 143* 553* 11 46 23 ~32~" "33" Dec. 17 233* 263* Sale 193* 193* 59 613* 58 Sale 38 333* Dec. 3 53* Dec. 30 158 Dec. 163* Dec. 110 36 2 49 45 62 40 Sale Dec. 30 223* Dec. 28 233* Jan. 94 43 3* ~Dec."§ 33* 223* Dec. Dec. 60 - Dec. 2 Dec. 28 56 Aug. Aug. Mar. Dec. 103* June Dec. 17 Oct. 49 3* "Dec."§1 if M Dec! June July 153* Oct. 2? 14 17 Dec. 23 June 1 1 Hunt Bros Pack com »nsg 37 }* 20 22 Si? Hh Sale "Dec. 4 Dec. 1 22 Jul y 53* Jan! 36 Nov. A£A 143* Apr. 7X Dec. 11! Dec. Dec. 28 473* Dec. M 473* Dec. 31 ■;; 41 Dec. 29 >3* Dec. 5 Feb. '24 sale 30 •3* m 22 Nov. Aug. July June 1( Dec. 12 243* 21 •mmummrnam Dec. 12 213* Dec. 393* Dec' Dec. 17 Mar. June 11* BS: g 2 No par value a AN s a a- V V ir-( ' ; V.' *-~.V:*r■ 'Va -7.7- ■A V /rv.; v*',r,,'A ---'A'1 : + ■ ;,:l. ••••••• . A; ., a--.."-"*--',•. - |||| -.r/.-Va.y-a'A ~kU~ : -J. w ^ .. ■ ' - aa --.art W' :r,V ' A/' Nov. !* aSe ■ 26 >3* Dec. Dec. (new).10 Hutchinson Sug Plant cap. 15 Island Pineapple Co Ltd— ,/, j| •'' , Feb. 21 Nov. 17 Nov. 10 Aug. "3 Dec. 28 Feb. 21 Feb. 27 Dec, 31 May 20 Sept. 21 Sept. 1 73* 913* 91 143* Feb. 40 1 Aug. 19 - A' Oct. Mar. 19 Apr. Jan. Apr. Apr. Jan. Jan. 14 1 A/aa-a .7 Dec. 11 1 2 1 11 Jan. Feb. Sale ■ • Dec. Feb. July 53* Oct. 8 Dec. 6 Nov. 10 Feb. 7 29 233* Dec. 263* Dec. 193* Dec. Dec. 8 Nov. 28 3 90 Dec. 21 Dec. 29 Dec. 17 4 Nov. Dec. 23 18 56 35 4 Oct. Jan. 301 100 18J* Dec. 14 54 Feb. Mar. June 'W0[ 9 Dec. 28 June 13 2 '"§ in 3* "Dec. ""I , ■1 20 143* July Dec. 23 Dec. 2 Dec. Jan. 1003* June Dec. 11 63* Dec. 3 6 Feb. 873* Jan. 93* Dec. 413* Oct. Dec. 17 Sale 3,347 ■a s Oct. Nov. Dec. 55 1 ■;;;■! 5 22 993* Jan. 5 iV 'S: :;-A/-AA:£ Nov. 17 303* June Dec. 31 Dec. 11 9 114 1003^ 1003* v • Nov. Oct. X Apr. 44 6 10 May 18 Aug. 13 Feb. 25 8 Dec. 8 114 1123* 109 12 103* Dec. 29 14 223* Sale 233* Sale 18 183* 923* Sale 50 Dec. Dec. 14 Dec. 28 3 1 35 Sale 333* Sale 53* Sale 53* 53* 325 3323* 293 1113* Sale 1103* Sale 303* Sale 288" 312" 39 4 M Sale 24 2 10 3* Dec. 14 503* 7 48>* Dec. 1 103 Dec. Dec. 29 90 Dec. 4 123 Dec. 28 11 Dec. 8 46 46t 45 Dec. Dec. 1 1033* Dec. 1023* 1033* 102 223* 233* 223* Dec. 16 24 Dec. 113* 453* Sale Sale Sale Dec. 3* Dec. 503* Sale 423* 1033* 1023* 89 873* 1163* 122 93* w/* IsP Pineapple........5 Home Fire 6c Marine Insur Co of Calif capital. 10 aa;.0 5 Sept. 23 3 3 80 Dec. Dec. 103* 37 „ 61 103 58 X 28 35| Sale 44 X Honolulu OU Corp Lt Honolulu Plantation cap Hudson Motors Car Co.. ;o Nov. 12 Feb. 233* Jan. 213* Oct. 43* Jan. Dec. 11 Nov. 53* Sept. 153* Jan. 83* Dec. 1 Dec. U B Hawaiian a Oct. 2 3* Sept. Hancock Oil V-.Tv June 186. 323* Dec. Dec. Dec. Hale Bros Stores, Inc, cap V>V'v:' Jan. 35* Apr. 30 17 Sept. 21 203* Jan. 2 7 83* Dec. 16 "2.182 23 19 Mar. 12 17 22 30 323* Sale 303* 303* 213* 22 213* 223* 213* 73* 83* 73* ,a73* ,8>* 101 wwi. 101 105 104 48 Preferred... ■ 18 Jan. 133* July 20 1323* Apr. 24 — Gladding McBean Co O-r'rO.: 0. Dec. 31 10 Sept. 22 253* Dec. 11 3 63* Dec. 25 40 32,433 3,336 85,475 143* 133 Sale 2.50 new A preferred 4,263 ;II 9 Feb. Aug. 28 May 21 Mar. 23 1203* Sept. 22 Sale Ewa Plantation 50 FlntNat Corp of Food Machinery Corp com.10 27,784 9,121 14,228 1,573 4X Sale js3a 15 ..... 24 Industries 11,351 26,089 101,354 81,619 1,020 2,269 12,592 Sale Calamba Sugar Estate Preferred 34,885 leo class A partlc pref * II,819 Creameries of America * 118 Crocker First Nat Bk SFcaplOO 8,716 Crown Willamette pref 388,392 Crown Zeller com vot tr ctfs * ;V!> AA'AA A A Nov. 19 80 107 1023* Dec. .——5 . Bank of Calif Nat 17 143* 133 5 147,811 "i$l§ A Feb. Aug. 20 121" 101 1043* 1023* Dec. 2 933* 953* 106 108 157" D"ec.*3i 119 122 102 Feb. 1073* May 14 1073* May 14 102 Jan. 9 106 Sept. 10 108 Feb. 4 108 Feb. 4 1033* Sept. 1 1033* 1013* Jan. 15 103 1033* Nov. 13 1033* 102 July 15 1043* 1193* Jan. 16 1203* 1013* July 15 1023* Dec. 29 1023* Dec. 29 98 102 "753* "773* 104 103 102 98 X 102 11931 , 100X 102^1 1043* 1053* 1183* 120 Highest Sale Prices Sale Prices 105 June 1 1353* Mar. 3 107 Jan. 7 107 Jan. 7 103 X 105 X 1023* 104 101H 102 104 1936 STOCKS SAare,. * YEAR Lowest 109 Inc 6)*% 8,000 1941 30,000 Market Street Ry Co 7s_.1940 6,000 No Amer Invest Corp 5% .1947 1943 16,000 Pacific Gas 5c El Co 5s 6s 1941 6,000 40,000 Pacific Tel & Tel Co 5a. ..1937 6,000 Ry Equip & Rlty Co 43**-l946 15,000 Southern Pacific Co 4 3* •-1969 21,000 Union Oil Co Cal 4% 1947 2,000 6% 1942 Consol 4,039 $91,500 849,000 592,500 Langendorf United Bank T666 1935 $32,000 2 1936 Bid 303,000 6,000 1,000 1,000 1,000 129,500 1,000 1936 ; .i*—».» PRICES IN DECEMBER Jan. BONDS s S Bond Sales December Price 12 Months December 1935 635,385 8,943,720 • December a 'V AGGREGATE SALES In December Shares Shares STOCKS 660 24,706 Rights ~ *""935 Pi 5*616 125 30 Prefer red .100 ..... 83,595 Marchant Cal Mach Co 10,908 106,640 102,166 < 495 3 25k 26 9k 9% 8% Sale 110 7k lk 2k 16k Second preferred.......100 Nat Auto Fibres 104,019 829 5,116 v A common scies 1 . 180 8,348 1,690 2,430 109,353 865 262 135 , 9k 10 12k Dec. 28 2k Dec. 23 10k ,Sale 6k 8k Dec. 34 4 29k Dec. 21 39 10 • Dec. 11 Dec. 18 9k Dec. 19 Dec. 11 lk Dec. 29 10 22k Dec. 29 8 2 k Dec. 108 109 23 k 41 Sale 8 18 5 23 6 ' 34 V * 1 2 11 3k Dec. Dec. 3 25 14 k Dec. 61 Highest 31k Dec. 19 39k Dec. 14 10k Dec. 3 Ilk Dec. 3 Apr. 2 2k May 8 June 4 29k Dec. 21 39 Dec. 11 6k June 9 6k May 22 Sale Prices 161 Jan. 16 5' Jan. 14 76 313 403 123 Ilk Nov, 6 Dec. 19 Nov. 27 Nov. 16 Jan. May 27 10c 12 116k Jan. 108kDec* *30 Feb 8 Dec. 11 29 10 4 k Feb. 2 Dec. 18 29 4 Oct. 3 k Dec. 18 3 6 Jan. 22 27 k Nov. 26k Dec. 1 Oct. 108k Dec. 12 14k Jan. 16 109 103 Jan. 6 Sept. 19 k Aug. Aug. 3 26k Dec. 6 28 25 28 Dec. 3 Sale 20 4k Dec. 31 36 41k Dec"."l Oct. Jan. 1 13 8 7 27 7 26 26 17 Oct. Jan. Nov. 3 6 43 k Nov. 25 8 Sept. 1 Dec. 22 - 0 47k Mar. 11 8 14 Sept. 1 2k Jan. 11 28 7 343 123 22k 91 19 71 Sale 98 54k 68 Sale 95 Sale 28 k Sale United Filters Inc A..* 29 k Sale 12k 13 13k 17 k 38 Sale Sale Sale Sale 106 Sale Sale $ Sale Sale Sale 150k 150k Sale 135k 140 Sale 18 Dec. 4 96 Dec. 29 92 Dec. 21 12k Dec. 1 28k Dec. 19 20k Dec. 1 6k Dec. 5 21k Dec. 23 99k Dec. 18 95 Dec. 1 14k Dec. 31 31 Dec. 30 26 Dec. 17 10 Dec. 24 16k Dec. 23 20k Dec. 18 15k Dec. 21 35 Dec. 30 30k Dec. 22 28 Dec. 22 17 k Dec. 15 21k 17k 38k 31k Dec. Dec. Dec. Dec. 3 31 1 28k Dec. 3 29k Jan. 26k Jan. 32 Dec. 8 32 12k Dec. 4 10k June 19 5k Nov. 28 Jan. Nov. 2 68k Jan. 20 100 k Nov. 65k Jan. 6 99 k Nov. 19k Mar 12k Dec. 1 33 k Feb. 28 Jan .i- 9 19 Aug. 26 32k Jan. 5k Aug. 21 14 k Jan. 12 10 2 12k Jan. 13 k July 20 15k Dec. 23 16k 21k 16 k 35k 31k 28k 50k L05k 8k Dec. 51k Dec. 23 52k 45 1 107 8 Dec. 105k Dec. 106 7k Dec. 11 8k Dec. 28 Sale 23 L51 23 k 22k Dec. 21 25k Dec. Sale 150 Dec. 10 152 Dec. 10 104k Jan. 4k Jan. 18k Jan. 119 Jan. 150 150k Dec. 18 151k Dec. 2 139k Jan. Sale Sale Sale Sale 29 23 13 22 Jan. 9 145 20k Sale Sale 148 32 Sale 9k Sale 25 Sale 25 31k Sale 28 k 29 49k 105 Sale 93 k i 39 12 Dec. 22 Dec. 11 19 Sale 31 18 16k 20 k 98 Sale 14 k 125* Sale 20% Sale 20% Sale 7 - Sale 13k 120 11 2 38 Sale 12 H 13 Sale 31k 29 k 26 k 51k 105 % 4k 1854 22% Dec. 19 May 105 k Nov. 5 k Apr lk Dec. 2 July 1 Sale Ilk Sale 15k Sale 36 17 5 k % preferred 100 North Amer Oil Consol cap. 10 Occidental Insurance cap..It M: 4,016 Loewst Sale Prices '"2r^3% 21 2 ■ 6% preferred...........100 100 3 108% 108 20% Sale Preferred 13 2% 3ok Sale 30 k Sale 39k 41 Sale 6 9 6,500 Pac Tet A Tel Co common.100 370 17k 8 2% Sale 20 * ...... 11,349 5,679 26 J* 108 ""lk "'**2 _._.._* 5,226 PaauhauSugarPlantCo cap IS 17,704 Pacific-Amer Fisheries. Inc.5 47,826 Pacific Can Co * 120,478 Pacific Gas A Elec Co com. 25 116,289 1st preferred 25 : 41,241 5 H% 1st preferred 25 44.456 Pacific Lighting Corp com.. • 5,836 16 dividend pref.. X.» • 234,483 Pac Pub Serv com non-vot._* 126,193 First preferred ...» 1,855 4,780 9,751 7,693 3.204 8,884 2 3 25% Sale Q 108,369 180 Highest Sale Prices 17k Sale Common 6,978 36,664 Oliver 6,711 9k lo% 10% Sale 7k „ Sale t c 123,390 Natomas Co capital North Amer Ins Corp— 395 80,801 Inc 12% 35* Sale *37"" *45"" , 103 - 145 Ask 106"" Sale" l08k 165"" loST Dec***I 113k 8k 2k New.....................5 Rights * 163 Market Street Ry Co com. 100 Prior pref.............100 35 Preferred ......100 4,914 4,430 1936 6c 3,930 / Sale 3k Lowest Sale Prices Dec. 31 Ask Bid 58 k 10 com Bid 14 12 3k 10% * L A Gas A Elec Corp pref..l00 596 Ask Bid 6,686 Lyons-Magnus Inc A... • 14,276 B » 121,533 Magnavoz Co Ltd (capltsl)2k 27,467 Magnln A Co (I) common...* 300 6,386 1,495 Dec. 1 1936 Par 33,533 Langendorf United Bak cl A • 13,191 Clan B 92,619 Le Tourneau Inc common. 10 92,619 Rights 1,325 Leslie Salt Co capital • 19,582 Llbby McNeill & Llbby * 277,011 Lock Heed Aircr Corp com..l 425 YEAR Price Jan. 2 1936 1,868 1,130 10,568 2,038 RANGE FOR PRICES IN DECEMBER SAN FRANCISCO STOCK EXCHANGE 12 Months , 65 RAN FRANCISCO STOCK EXCHANGE JAN., 1987] 8 1 11 45 2 Sept. 10 Dec. July 40 k July 32k Oct. 29 k July 58 k July 108 Sept. 8k Dec. 26 k Sept. Feb 1 15 16 24 Dec. 8 23 20 14 25 27 16 28 8 10 152 Dec. 152 Apr. 22 ' 1,583 24,521 . 205 "**693 80 • com... 732 74 78 107k 109 Sale "39"" *40*" 46k 45k 2% 5k Sale 5 lk 4k 5 Common )new)___ 6% preferred.......... 100 190 6% preferred )new). 100 20,874 5% preferred............* 12,471 Rainier Pulp A Pap cl A com * 13,911 Class B— * 9,402 1,187 1,255 2,227 27,180 232,975 Republic Petroleum Corp 244 11,828 55 405 178 8 360 2,390 ;; 760 3,778 725 36,855 32,036 33,897 88,442 54,548 18.457 9,686 175,572 3,475 2,661 *5,043 9,197 2,682 361 20,332 4.289 2,033 105 167,678 14,123 4,927 " ...100 cl A Preferred Shell 34 k 34 Sale 34k cum Corp coot 33 k 112 com. .100 110 k 5 15k Sale 109k 110k 14*073 Class B o, Sale Sale 19 Sale 52 55 Sale 49k Dec. 3 2 32 109 Dec. 5 47 33k y 27 107 Dec. 10 109 104 Dec. Dec. 1 Dec. Sale Ilk Dec. Dec. 253 103 k 102 103 36 k 100 Sale 101k 44 44k y Dec. 30k Dec. 93k Dec. 6 Oil..v. ...1ft cap 10S 9k 8k 7 43 k 2 46 41 3 3 k 20 Sale 135* Sale 24% Sale 10 Sale 48 2k 3k 21k Sale 104 k 104 k 17 k Sale 25 k Sale Sale 19 15% Sale 101 48 Sale 41 Sale 40 1 112 3 104 11 lk 17 k 22 3 28k 24 125k 2 36k 9 101k Sale 14k Dec. 3 Dec. 38 2 Dec, 18 Dec, 3 Dec 1 Dec. 104 12k Dec. 11 17k 18 21k 22k ""7k "8% ~14k Sale" *13k Sale* 110 110 110 311 124 298 305 Dec. 31 I*60' 11 Dec. 31 Dec. 29 July 2 Feb. Feb. 10 4 Dec. 30 27 Nov. 30 2 3 43 5 11 30 Dec. 29 Oct. Aug. Sept. 21 14 2k Oct. 14 9k Oct. Feb. ilH 21 3 4iil 2 2 xogSS 7 17 Oct. Aug. 21 Oct. 5 Dec. Dec. 5 21 8 Dec. 31 Sept. 25 Feb. 14 Dec. 30 Mar. 7 Aug. 26 Jan.. 2 Jan. 6 28 41 Nov. 21 Feb. 7 Oct. 23 Oct. 23 Nov. 20 Aug. 7 Oct. 8 Apr. 30 Dec. 20k"Dec".~23 Oct. Jan. 4 Dec. 38k Dec. 2 15 28 1.4 28 21 May 20 120 Apr. \ 29 327 14 3 Dec. 22 315 308 Nov. 16 Jan. Dec. Dec." 29 17 Dec. 29 44k Dec. 15 Dec. 15 k Nov. 28 13 112 June 26 21 July 34 1 July Jan. 17k Dec. 26k Dec. 12 k "Dec" 9 110k Nov. 14 Jan. Dec. 21 Oct. 8 Dec. 16 Dec. 7 Dec. 24 125 » 38 Jan. 13, ,101 k Dec. 25 Oct. Dec. 24 24k 53 k 47 k 13 k 4 Dec. Jan. 18 93 Apr. 13 2k Dec. lk Dec. 9 Nov. 12 May 7 Apr. 30 30 —~ 312k 315 315 44 15 6 Sept. 22 86 Dec. July Jan. May Oct. Apr. Jan. Jan. June 7k Feb. 14 Dec. 23 Jan. 48 Dec. 2k Dec. 23k 13K 13 83 Dec. 19 Dec. 29 Dec. 14 Sale 22 23 ....5 Rights... 2 15 40 H .......10 United Air Lines Trans Universal Cons lk 4?| 85c 7 30 k June 30 47 108k Sept. 28 121 43k Sale Sale 85k 16k 34k 29 5k 23k 104k 2 110 Sale Sale 46 29 30 Ik Sale 26k Sale 123 125 Dec. 13 Nov. 14 48k Apr. 4k Jan. 18k Dec. 80 k Jan. 8 Dec. 7k Dec. Sale 2 » ... Spring ValleyCo Ltd capital * Western 90,807 1,586 480 49k 46k 95 Stand till Co of Calif capital * 35 WeiU A Co (R) 8% pref...100 2,940 18* Sale 3 % Sale Sou Pac Golden Gate cl A. 932 WellaFargotJk A UnTr 84 1 Sale 21 24 (cap'l).lOO .... 6,441 4,986 172,310 v 4 k Dec. 5 Dec. 7 » com 4,363 Thomas Aller Corp class A * 2,033 Tide Water Assoc OH Co com • 3,878 Preferred..............106 2,418,592 rransamerlca Corp capital.. k 155,040 Colon Oil Co of Calif cap.. 21 115,490 Union Sugar Co common.. 25 Preferred .....25 9,980 l",856 Dec. 46k Dec. 19 18k 85k Sale Sale 87 30k Pulp Co. .......5 Rights Sou Pacific Co 97 k Feb. 108, 14c June 38k Jan. 60c Sept. 2 Jan. 18k Dec. 31 9 85 Dec. 85k Dec. 28 15 Signal OH A Gas Co class A.* Sound view 5k Sale 34k 85k 42k Sale 112 109 103 34 116 106 670 Telephone Inveetmeat Corp * ■ *28*" com * pref 52 k 5 8 ....100 Union Oil 15,513 Super Mould— 20 735 19k 26 k Prior pref series A 7,726 63,148 "19"" 104k 35,903 Schleslnger A Sons 375 81k 1 7,772 Safeway Stores Inc common • 1.606 Sao loaq Lt A Pr prior pf. 100 65 51 85 "80"" 1 Bros Inc common. 68 Apr. 9 78k Dec. 15 4 101k July Dec. Dec. 30 108 Dec. 73 106 Sale Series A preferred...... 100 Kooa 107 5k Sale 732 915 <190 79. 75% 104 lc 9,978 Plg'n Whistle Corp partic pf • 21,373 Ry Eq A Realty Co Ltd com.* 640 . Inc., Preferred .............100 Rights * 1,903 Phillip* Petroleum Co cap..* 8,427 Rights.................... *""iS5 • Parafflne Cos, 1,030 124,566 July 17 Apr. 13 Apr 18 Pipe A Steel of Call* common Waiaiua . _ V-.' Sale 33 37k 36 63 k 64k 64 Sale 39 60 27 la Agricultural Co..20 65 60 Sale 63 k 52 59 k Dec- 21 60 59 67 68k 62 k Dec. 18 4 26 k Jan. 3 50 k June 19 38k Sept. 23 k Jan. 16 53 64k Dec. 29 Oct. 15 64k Nov, 25 59 NQV. 25 65 Nov. 13 Yellow Checker Cab Co— 775 ♦ 20,021 cl 20 905 Class A Series II A set I 5* 24 H 50 27k 64 57- Dec. 2 Dec 11 No par value Pollak (Continued from page 69) Pierce $1.10 a Governor a share were made Dec. 24 on the common stock. on the common stock increased from share, payable Dec. 22. , Co.—Dividend share to 20c. a . Pilgrim Mills—Dividend of $2 Sept. 29, 1934, when $1 a a share on on the no par common stock. • *< v a *•' share was ' , Pittsburgh & Lake Erie RR.-—Dividend, of $1.50 a share was paid Dec, ;23 on the $50 par, capital stock; t { , 1, k , 1 * ^ Plymouth Cordage Co.—Extra dividend of $1 a share on the capital stock, , payable Jan. 20, next. , # „ 4 ^ /yy Pneumatic Scale Corp.—Dividend of 30c. a share on the common stock, payable Jan. 2 are the first since Sept. 25, 1935, when a like amount was distributed. y dividends on this issue. • < > 1 y share was paid of Canada, Ltd.—Interim dividend of 25c. a share on the stock, payable Dec. 21 and the first payment made on thia Power Corp. common issue since May, 1932. , ,< )' Shares, Inc.—Semi annual dividend on the capital stock increased from 8c. a share to 10c. a share, payable Jan. 15.v : i-j Premier Pitney Bowes Postage Meter Co.—Extra dividend of 15c. rpaid Dec. 24 f. Powdrell & Alexander, Inc.—Extra dividend of 25c. a Dec. 24 on the new $5 par common stock. the common stock, the first since share was distributed. y Poor & Co.—Dividend of $1 a share on the $1.50 cum. & partic. no par class A stock, payable Dec. 24. This action marks the resumption of Pie Bakeries, Inc.—Dividend of 40c. a share and an additional disburse¬ ment of Manufacturing Co.—Initial dividend of 20c. a share was paid Dec. 21 on the common stock. Pictorial Paper Package Corp.—Extra dividend of 21 %c. a share was paid on the common stock on Dec. 22. «15c. Dec. 19 Dec, 11 ; (G. E.) Prentice Mfg. Co.—Extra dividend of $1 a share was paid Dec. 15 on the $25 par common stock/: ; •.<. y'ys- v.-:yy \ y ( Pressed Metals of America, Inc.—Extra dividend of 50c. a share and a y >ec. 22. This compares were paid on Suarterly of like amount with dividendsthe 37 %c. acommon stock on of no par share distributed on Oct. 1 and July 1, last. (Continued * , , on page 113) . * "m # 4 V 1 ■ v: - •-'* ' ' • ••"■ . ' :.'■■■ ■: S1' ,t MONTHLY AND YEARLY RECORD \ 1 PL RANGE OF PRICES ON THE LOS ANGELES STOCK EXCHANGE 5-;;; \ : ' Stock Sales 1936 December an. Shares_ 1 to Dec. 31 . sales aggregate LOS ANGELES STOCK EXCHANGE 12 Months 1936 In December Shares Bond Sales 1935 1,080,467 12,662,164 1936 Jan. 1 to Dec. 31 $1,200 PRICES IN DECEMBER RANGE FOR STOCKS 45c Ask Ask Bid Bid Lowest Highest Sale Prices Sale Prices Dec. 31 Dec. I 1936 Bid Ask > 208,400 5,856 - 40 Bandial Petroleum Barker Bros 759 Pref. Co——1 * common -v—100 —— 39,315 Barn bar t-Mor row^Cons I 96,500 Berkey & Gay Furn Co * 74,800 Warrants..... ———* 137.800 Bolsa Chica Oil Corp A .10 V 2,900 B--——--i —10 2,441 Broadway Dept Store pfd.100 13.000 8.800 11.300 4,200 ..... ' 71 24 Brock & Co 2d pref.. ..100 47,900 Buckeye Union Oil com.... 1 75,767 Common rot tr ctfs..... 1 T,5o5 11,800 4,517 18,000 58,684 139,450 j 250 100 8,900 Preferred....—.—.—] Preferred tot trust ctfs.. 1 4", 550 8,700 9,600 6,600 1,800 5,400 itH 84 3c Lowest 60c 7 2554 1 125 86 12c 5ci IK 99 5 2 54 100 5c 8c 13c 13c 8c 7c 33$ 129 25c Sale 27 129 43c Sale 254 Sale 1.25 Sale 754 754 1 Dec. 2754 Dec. 30 8 129 24c Dec. 14 254 Dec. 21 l.lo Dec. 22 754 Dec. 18 104 Dec. 23 600 400 30,300 589 Farmers A Merch Nat Bk.100 375 Poster A Klelser Co —.10 189 :NvV 100 1.000 f 9c 6c 12c 11c Sale 15c 5c 11c Sale 10c Dec. 4 Dec. 11 Dec. 11 Dec. 11 5914 43 45 60 44 25 4554 46 4654 Dee. 19 24 21 254;; 3 254 28 3 50 43 22 91 3054 Sale" U54 1154 1354 Sale Sale 3% Sale Sale 18 >4 Sale 6 Sale Sale Sale 300 6,600 , 600 ■' 1 50 * r-'.;' •" i 94,400 4,200 4,800 Preferred................* Hancock Oil Co A..........* 274,625 Holly Development Co.....1 554 Holly Oil Co 1,660 5 — 95 256,500 187,100 40,100 "3", 600 d Warr Lincoln Petroleum Corp....) New — 12,400 9,300 200 Magln A Co (I) * 50,698 Mascot Oil Co—........._1 175,800 Menasco Mfg Co——1 , 630 "6,905 1,100 12,900 31,600 14,150 72,816 700 7,100 ' 7,895 4,102 2,205 34,194 1,800 245,050 129,970 75,655 148,623 555654 15 10c 440 354 20c 460 700 2 Dec. Dec. 3 9 954 Dec. 29 16 }i Sale 354 Sale 17 1814 554 5% 20 39c 75C 30 600 Merchants Petroleum Co—.1 Mills AUoys Inc A..—.* B ♦ Mt Diablo OU Ming A Dev..I National Funding Corp...10 Nor don Corp.. Occidental Pet ......5 Corp.... 42,900 3,370 3.400 100 Olinda Land Co f 11,600 443,400 98,060 6,300 2,600 1354 Dec. 1 Dec. 28 1754 Dec. 9 3 554 Dec. 22 v. -'.v;- 7154 18 6754c Sa] 18 14 19 2054 18% "15" Dec. 11 Dec. 12 Dec. 16 1 1 .... Dec. 11 46K Dec. 19 2954 Dec. 24 60 3 Dec. 2 1154 Dec. 3 1754 Dec. 31 3% Dec. 1 1854 Dec. 4 654 Dec. 2 90c 50c 854 2954 1054 754 2854 Sale 8 2854 75K Dec. 8 Dec. 9 19 Dec. 31 6754c Dec. 31 Dec. 8 450 Dec. 8 23% Dec.~ 'l854 Dec"."24 "i854'D"ec"."24 4 6354 Dec. 31 1354 Dec, 2 754 Dec. 11 754 Dec. 21 28 2254 2154 Sale Sale 77Kc 90c Dec. 21 2154 Dec. 8754c Dec. Jan. 10 July ; 23% Dec." 4 7054 Dec. 15 1454 Dec. 15 1054 Dec. 31 854 Dec. 4 2951 Dec. 3 June 10 8 6 60 8c 7c Sale 48c 60c 8 1.25 Dec. 17 10c Dec. 30 40c Dec. 23 1954 Dec. 1.50 Sale 9c Sale 9c 72Kc Sale 10c 37c" Sale" Sale ~~854 Sale" "15% Sale" 106 112 Sale 2K Sale 65i Sale 49c Sale - 454 754 75c" Sale" 60c 254 Sale 16c 2 3 25c 1 32c Sale . 31K Jan. 19 1 18c 50c 5c 25c 60c 9c Sept. Jan. 95 May 26 54 June 954 Dec. 1154 June Dec. 7 10c Sale 19% D"ec.""8 1.50 Dec. 9c 60c Dec. Dec. 1 1 1 28c Sale 25c~"Dec. 15 Sale l5 4 K Sale 33c 36c IK 254 15854 Sale 454 Sale 754 754 23 38c" Dec." I '18 11% Dec.""3 l56"""D"ec". ""I 108% D"ec."23 454 Dec. 23 7 7754c Sale 3K Sale 75c 36c 1.35 33c — 2.25 Dec. Dec. Dec. 2 1 354 Dec. 24 Dec. 3 3 154 Dec. 21 1 Dec. 5 454 Dec. 2 554 5354 1454 20c 430 354 19 Dec. 2 Oct. 19 Apr. 30 Apr. 30 July 28 6 Jan. Feb. 28 July Oct. 4 Feb. Feb. 28 July Jan. 46c Jan. 22 Jan. 30 Jan. 35c Oct. 654 June May 28 Jan. Jan. 9 3 3 8 1854 1354 1054 3554 Dec. 9 3154 Dec. 18 3654 Dec. 14 3154 Dec. 30 3154 2954 2754 1854 4854 10554 5K 20K 1254 Jan. June Jan. Rice Ranch Oil Co Sale Sale 32 K 46 54 21c 39c 754 Dec. 27c Dec. 2 10 1 32c 254 Dec. 15 42 Dec. 16 3 42 14 5 2 1254 Dec. 14 12c July 17 Jan. Jan. Jan. 20 Jan. Jan. Jan. 13 Jan. 1054 July Sale 11 Nov. 7 Feb. Feb. 13 K Dec. 3654 Dec. 1354 Dec. 954 June June 1154 Dec. 29 2954 Dec. 12 1354 Dec. 3 Sale 30c 4 50c 8c Dec.17 Dec. 8 Dec. 29 Dec. Dec. 16 4 11654 Jan. 29 5K Nov. 12 8 154 Dec. 21 35c 32c Sale 21 Feb. 5 4 1754c Sept. 26 11K Jan. 28 39c 12 Dec. 17 Feb. 17c Dec. 29 Dec. 11 - 16c 2354 Oct. 25c 3354 2954 Sale ~28%"Dec."§5 32% "Dec." "4 49 54 5054 5154 4854 Dec. 9 5154 Dec. 22 107 Dec. 22 106 10454 10654 106 Dec. 22 105 854 854 Sale 754 Dec. 16 854 Dec. 30 754 1! Mar. 12 2154 Oct. 19 1.50 Dec. 1 2354 Oct. 7 55c July 14 254 Jan. 23 Dec. 17 Dec. 5 w* 48 2 in60 Mar. 21 20c Odilu 31 Feb. 60c O i 73 30 i8 £& Apr. 21 38c S3 83 m if 8 13c 29c Sale 3254 Sale 1254 15 2854 Oct. 95c Sale Sale 1454 Jan. 14 14 May 12 Dec. 23 80c 37 3 15 Feb. Oct. 13 Nov. 12 45c 10c Feb. July lc 25c 16c 10c 8 Nov. 24 Nov. 5 7c 36c 1254 Dec. 14 39c 65c 21 Dec. 7 14 May 13 1454 May 11 95c Sept. 15 60c 6 July 7K Dec. 21 22% 18c 3 6 30 Oct. 28 Oct. 2 Nov. 18 13 Dec. Mar. Nov. 10 854 Apr. 28 1554 May 2 1194 Jan. 22 754 Dec. 11 70c 12 54 Dec. Dec. 31 May 21 17c 75c 13 Nov. 10 Dec. 31 Feb. 6 Aug. 3 2154 Aug. 2 5454 Jan. 20 1254 Dec. 16 20c Dec. 1 55c Dec. 7 8254c Dec. 7 20c 454 Apr. 39 19 65c Dec. 15 18 46 K Dec. 19 29 K Dec. 24 13 13 17c Sale Sale 13c 7 7 Oct. |22 Feb. 70c 12c July 6 8 Apr. 60c 1254 .... 8 3 14 30 29 9 Feb. Feb. Feb. Feb. Dec. 28 454 Dec. 2 754 Dec. 15 36c Dec. 10 IK Dec. 5 4 1454 May 8 554 Dec. 22 1254 16c" "25c" 6 Nov. 24 3354 Mar. 23 2254 Dec. 14 95c Apr. 9% Dec. 30 2754 Dec. 30 16c 17c 30c 30c 32 K 75c 26 1854 22% "23% "21 Ryan Aeronautical Co.... Safeway Stores Inc. 6c 5c 9c 10c 93 2154 Sale 9 8K 45c 450 2254 23 6354 Sale 1454 Sale 8 29 6954 Dec. 23 1854 Dec. 16 Pacific Western Oil Corp., Republic Petr Co Ltd.... For footnotes ate page 67 ,;y-*r...'-'v-.v 1 Oceanic OU Co ... 166 7054 '19% "1954 554% 1st preferred......25 Pacific Indemnity Co.—.10 Pac Lighting Corp com.....* 4% preferred..... II,500 Pacific Public Service......* 1st preferred. 9,700 * 400 77 1354 1,900 57,800 6,900 1,216 "SJOO 6c 12c 12c §5% Dec".""I 39%Dec.3l 4K 1254 Sale 8 8H 1054 1155 24 2455 87K 8854 Pacific Clay Products.... Pac Finance Corp common. 10 3,500 Preferred series A .10 4,200 Preferred series C ......10 3,600 Preferred series D......10 9,600 Pac Gas A Elec Co com 25 5,600 1st pref 4%.............25 500 73 K 19 1954 52Kc Sale 425 460 Sale "5554 "56% "69"" ""T' 21,500 155,600 100 Dec."23 ........ 16,600 4,000 945 1&4 • 48,400 Lockheed Aircraft Corp 1 37,200 eRights— I—* 10,938 L A Gas A Elec 6% pref 100 37,200 L A Industries inc.........2 28,900 L A Investment Co IS """543 2 1 44 K Jan. 10 130 Nov. 23 Jan. 10 43c Dec. 31 154 Sept. 1 354 Nov. 23 1.50 Nov. 27 57 K Oct. 24 July 18 554 May 19 10 2 Sept. 15 354 Jan. 8 98 Jan. 16 104 54 Apr. 3 854 Apr. 4 854 Apr. i 35 ... 16,100 65,900 1.40 Dec. 854 Dec. Honolulu Oil Corp.* .....* 2,000 cHudson Motor Car Co......* 4,900 International Cinema * 374,900 Jade OU Co 1 813,200 Kinner Air pi A Motor Corp.l 200 200 1 2 .... 25,400 General Motors Corp......10 1*,700 General Paint B......... 900 General Telephone........20 32,700 Gladding McBean A Co * 31,700 Globe Grain A Milling Co..25 1,604 Golden State Co........ .* 6,600 Goodyear TAR Akron com.* 1,000 2,000 200 OGeneral Metals Corp. Dec. 8 Dec. 31 254 Dec, '5c" ""§c" "~7c""Dec.~16 ""7c""D"ec."l6 364 Crystalite Products Corp... * 55 Pref——— —.100 I,454 District Bond Co.. ...25 4,500 Douglas Aircraft Inc.......* 82,800 Bmsco Derr & Equip Co.. 5 465,234 Exeter Oil Co A——.....1 43c 1554 'mi Apr. 4 Aug. 28 May 11 954 Dec, 30 9 654 Dec. Dec. 26% Highest 1654 Jan. 8c 15c 15c Sale 28 9 26K 153% -HI 15354105"" 5c 10c 20 23 1.05 Sale 90K 2654 *7c" ""8c 7c 4c Sale 2Ji Sale 1.35 1.45 854 Sale 6 54 Sale 15 Byron Jackson Co. 3,300 California Bank new......25 1,700 Calif Packing Corp... ...♦ 5,696 Central Investment Corp.100 12,900 Chapman's Ice Cream Co...* 3,600 Chrysler Corp.— ——.5 24,700 Citizens Nat T 5c S Bank. .20 45,600 Claude Neon Elec Prod Ltd.* 65,400 Consolidated Oil Corp......* 136,400 Consolidated Steel com * 30,800 Preferred * 11,500 Creameries of America v t c«* 2,803 1.000 YEAR 1936 Sale Prices Sale Prices Jan. 24 62 Kc Jan. 31 4 Jan. Oct. 20 7 ■ 300 $36,400 Price Jan. 2 Shar"m Ambassador Petroleum Co__l Associated Gas & Elec A 1 5,2io Associated Oil.....—.....25 73,700 1935 December 1,188,119 8,214,091 15 7 14 22 1 May 254 Jan. 21 10c Jan. 254 Dec. Aug. 285? 1 Apr. 14 654 Mar. U 3 3 3 8254c Mar 14 1254 Nov. 12 28c Apr. 20 1 57KcJuly 21 85c 31c 2 4 Feb. 20 Jan. 7 Mar. 12 Mar. 18 Dec. 9 Jan. 17 Jan. 15 Jan. 16 7 15 11 11 40 32 29 35 58 108 8 25 21 Feb. 7 Feb. 11 Nov. 18 Nov. 10 Feb. 20 Mar. 27 June 16 Aug. 20 Oct. 27 Aug. 6 Nov. 12 Juy 21 8ept. 16 Dec. 30 Aug. 20 Dec. 1 1354 July 29 40c Apr. 11 354 Nov. 19 Nov. 16 46 '• STOCKS Samson Corp B common....* 6% Preferred ...10 100 San Gabriel Riv ImptCo—10 54 San Joaquin L&P 6% pr pf 100 296 7% preferred 100 2,995 Signal Petroleum Co .-1 102,800 So Calif Edison Ltd com. ..2ft 3,053 Original preferred......25 41,100 0% preferred...........25 32,900 5%% preferred 2ft 300 So Calif Gas A 6% pref—25 ;■ : ■ Dec. 1 1936 426 So Counties Gas 0% pref.100 47.900 Southern Pacific Co——100 797 A * ...* preferred 66,800 Standard Oil of Calif •V 11,900 Superior Oil Co common—25 819 Preferred 25 9,600 Taytor Milling Corp—.....* Transamerlca Corp ..* 676,100 1,644 171,100 186,400 3,800 Union Bank k Trust Co...50 Union OU of Calif Universal Cons Oil 25 10 Co Ask Highest Lowest Highest Sale Prices Sale Prices Sale Prices 1.25 80c ... 90c 35* Sale 2 1% 2.00 82%c Dec. 3 82%c Dec. 35* Dec. 2% Dec. 31 2% Sale 3 4 109 5* 45 5* 515* 46 53 Sale Sale Sale 51X Sale Sale 155* 44 110% Dec. 11 1105* Dec. 11 44 Dec. 19 465* Dec. 1 Dec. 11 51% Dec. 1 53 110 46 X Sale 16 8 20c 36 33 32% Dec. 11 4 28% Dec. 17 38% Dec. 4 Dec. 30 35 30c 20c 29% 38% 305* Sale 25% Sale 35 5* 35 38 Sale 28 X Sale 27 Sale 275* 20c Sale 28)1 Dec. * 305* 385* 285* 275* Dec. 4 1 Dec. 4 Dec. ' '..V ' UNLISTED 2,300 16,629 2,000 1,700 ; 1,700 3,100 6,000 1,100 235* "42"" Sale' 245* 40 28 42 29 X 385* 405* Sale - 44 40 Sale 23 X 17 X Sale 19 Sale 23 Sale Sale 24 140 Sale 22% 1 26 5* Dec. 21 36 38 39 55 14 X 37 24X Sale 39% 8 140 23 150 26 Sale 36% Sale 6 9 9 85* ""9)1 105* Dec. Dec. < Steel 5 Corp....* Continental OU Co (Del) Corp 23c 24c 24c l%c 3c 75c l%c Sale lc Dec. Curtlse-Wrlght 70c 2c l%c 65c l%c 2c 3c Sept. 11 375* Nov. 2 28% May 18 25c May 1 40 Aug. 6 385* July 6 29 July 15 28 July 22 31 Sept. 24 109 Aug. 11 15 Dec.t 3 46 44 Oct.. 0 Jan. 7 365* Dec. 10 _ 47 47 63 8 Nov. 9 Nov. 10 Feb. 245* Dec. 18 9 Nov. 23 20 150 Feb. 75* Jan. 28 July 12 Feb. 40 Nov. 27 Feb. Jan. 8 Dec. 11)* Dec. 9% Dec. 11)* Dec. 23 Mar. 12 17 Sept. 22 105* 115* 105* 345* 11% Feb. Jan. Jan. Jan. Dec. 445* July Mar. 20 60 55* 45* 55* 285* 105* Dec. 30 35c Dec. 2c Dec. Dec. 4 Dec. 28 925*c Dec. 20 Jan. 29 1 22c 1 15*cNov. 1 65c 5c 3 Dec. Dec. 5 15*c 5 32c 5c Dec. 14 48c Dec. Sale Dec. 2 11c Dec. 28 Feb. 4 6 Nov. 10 Feb. 15 4 Apr. 8 Dec. Dec. 23 Sale 24 Dec. Dec. 42c 45c 55*c 65*c 7c 10c 10 175* Jan. 23 Feb. 27 75* Mar. 10 1.45 Aug. 12 10c Mar. 20 3 Jan. 0 63c 31c Jan. Jan 20 June 26 13 lc Jan. 13 July July lc Dec. 24 50c 6 Jan. 13 23 17 2c 4c Oct. 24 Sale 187 158 5* Sale Sale 26 1 48 > 1845* 185% 181 505* 53% 54% 315* 325* 315* 65* 65* 7 9 85* 95* 255* 26% 27% 28 X 485* Sale 6% Sale 29 89% '90% '87% "88% 275* Sale 31% Sale 6% 8% 5 52 H 26 • 190 Dec. 31 Dec. 3 505* Dec. 10 315* Dec. 1 Dec. Dec. Deci Dec. Dec. 4c 48c 15c Apr. 24 Sept. 10 Jan. 31 7 Dec. 15 115* Dec. 2 Dec. 3 28 52 X 3)1 Sale 4% Sale 3% , 89%'t)e&.' 895* Dec."16 45* Dec. 15 3% Dec. 165* 35* 18% 3%. "l85*Dec"."l4 195*"Dec.~28 f9 35* 35* Dec. 23 35* Dec. 14 5 '"4 5* "Dec. "3 "4% "4% 5H Sale 6% 50% 6% 20% 51% 12% 20 §75* "§85* ""65* ""65* 22% Sale 535* 545* 65* Dec. 2 22)* Dec. 31 515* Dec. 22 115* 12 12% 1 Corp 45* 75* 225* 515* Dec. 3 Dec. 4 Dec. 31 Dec. 22 * .* Inc.. 12% Dec. 9 12)* Dec. j 3 Removed at close of x 2 June 165* Oct. 25* Apr. 28)* June 4 Aug. 55* Apr. 205* June 37 May 185* Apr. 495* Apr. 12 Dec. , 26 20 5 39 Jan. Sale 43% 435* 115* Sale 315* 32% 7 6 Sale 12 355* 41% 14 30)* 31% "II5* Sale" 'ib%\io% 11 115* Sale 75* 8 • 8:. 11% 8% 435* Dec. 4 105* Dec. 415* Sale 1 305* Dec. 7 435* Dec. 4 145* Dec. 31 305* Dec. 7 105* Dec. 21 105* Dec. 29 75* Dec. 23 Dec. 11 Dec. 4 Dec. I May 15 14 29 , 6 9 52 X 155* 65% 48% 155* Dec. 29 685* Dec. 31 495* Dec., 4 15)* Dec. 18 685* Dec. 13 505* Dec. 21 "65* D"ec"."22 155* 155* 165* 655* 685* Sale 49 *4% 55 65* Dec. 22 155* Bale" "7^7% "745* "755* 10 business Odd lot. Sale 16. 775* 18 165* Sale 145 March 2°4% Apr. 21 146 V 148 1936. ft 78% Sale 149 Removed 775* "Dec." II 79)* Dec." 17 18% Dec. 14 165* Dec. 2 1435* Dec. 22 143% Dec. 22 May 27. 1936. c Removed June 15 Aug. 535* Jan. 38 Sept. 145* Jan. 6 May 285* May 585* May 95* Apr. 1145* June May 14. 9 10 6 20 11 Apr. 19 6 18 2 6 2 16 4 2 14 Oct. Mar. 23 h 53 29 Dec. 4 July 24 Nov 10 Nov. 9 565* Sept. 8 155* July 15 52 Oct. 62 Nov. 13 66 Nov. 16 48 Oct. 14 Dec. 31 35)* July 28 Jan. m 7 0 Nov. 27 55* Oct. 13% Oct. 16 19 7 17 Nov. 17 Mar 11 June 9 24 June 31 27 9 365* Nov. 24 315* June 17 36% 74 51H 7 8 Apr. 30 245* May 14 45* Aug. 27 4 7 Jan. * 55* July 23 6 80c* 27 30 May 14 575* Sept. 14 13% Nov. 16 5 ♦ Removed May 25. 1936. - 37 ....... McKesson & Robbins...... 205* May 14 26 f.' Dec. 2 190.. Nov. May Nov. May 27 51 2 345* Apr. 275* Jan. 18 754 Mar. 9 115* Dec. 265* July 10 325* Oct. 3 53 Feb. 585* Mar. 78 Sept. 24 895* Dec. Feb. 2 35* Jan. 150 34 80c General Electric Co..;...:.* 14 26)* Oct. 30 205* Aug J 155* Dec. 36% Dec. 45c 7c 42c 35c Electric Bond & Share......ft a 145* May 1 11 Apr. 30 120 Dec. Dec. 2 150 26 ..... s 3 Oct. 15 Nov. 13 28 lc lc 155* 35* 600 Pacific Eastern Corp * 66,300 Packard Motor Car Co 92,200 Radio Corp of America.....* 8,600 Radlo-Kel th-Orpheum. .....* 5,000 Seaboard OU Co of Del.....* 100 Sears Roebuck Co value, 3 11 445* Jan. 7 Aug. 13 35% Aug. 28 55 25c 4,600 U S Steel Corp • 5 91,100 Warner Bros Pictures 200 Westinghouse El Ac Mfg Co.* par Dec. Jan. 13 24 Dec. 4 Dec. 9 Dec. 14 10% Dec. 29 Sale Sale 90c Tic ......5 '.vtfi 200 US Rubber Co No Mar. 58 15c .... • 2 Jan. 2 75* Dec. 17 9% Dec. 1 8% Dec. 4 2c \ Sale 35c Sale Sale ~35* ..* 4,400 Standard Brands Inc 700 Standard OU Co (New Jar).25 1,300 Texas Corp 9,700 Tide Water Assoc Oil...... 12,600 United Corp (Del)..... ...* May 15.1936. 7 26 , iC Bendlx Aviation Corp iBethlehem 10,800 Montgomery Ward Ac Co....* • 4,000 N Y Central RR '27,500 No Amer Aviation Inc 1 i 1,600 North American Co........* , 2 Jan. 2 1,700 Kennecott Copper Corp... * 255* Jan. 135* July 155* |c 25c Baldwin Locomotive........* Goodrich (B F) Co 300 International Nickel Co 100 4 32 Dec. 21 125* Dec. 15 36% Dec. 31 Sale 13 9% Sale 8% Sale (The) Aviation Corp (Del)..5 800 Losw's Dec. 365* Dec. 10 445* Dec. 31 45 Dec. 23 Dec. 18 Dec. 2 Dec. 5 22! 165* Dec. 21 23 Sale 17 140 1150 245* * ....100 Amer Tel & Tel Co Anaconda Copper Mintng..50 Atlantic Refining Co ...25 1,900 International Tel & Tel Y 6 Mar. 13 Jan. 60 1 120 500 CI Neon Lights N Y 800 Commercial Solvents...... ; 115* Jan. 20c 35 July 27 2 July 54% Apr. 18 STOCKS— Amer Rad & Stand San.. Cord 2 3 9 Mar. 1065* Feb. 27 37% 38% 44% Sale 39 38 56 14,700 Com'wealth & Southern... 1,000 4,700 23,100 1,100 5,900 1,600 50% Jan. 155* Jan. 107% Dec. 23 1075* Dec. 23 13 14 Sale Dec. 11 15% Dec. 3 Dec. 19 435* Dec. 28 435* 44% 40 28)*. Dec. 106 105 ....... ; 2 '' 300 Caterpillar Tractor 61,900 Cities Service Co.......... v: 1 3 21 STOCKS— 4,300 Alaska Juneau Gold M ColOc 591,450 Black Mammoth Cons M ColOc 340,600 Calumet Gold Mines Co..14c 298,600 Cardinal Gold Mining Co—1 7,300 Gold Ore Mining Co 1 100 Gordon Mines, Inc 10 576.000 Imperial Development Co.25c 15,000 Oatman Rainb Gold M Co. 10c 21,000 Oro Amlgo Co............10 1 107,050 Tom Reed Gold Mines Co 225,100 Zends Gold Mining Co 1 ■ Feb. 15 122 Jan. 30 ; 285* 106 M Oct. 45 275* Mar. 14 Yellow Ac Checker Cab Co..* . Oct. Dec. 30 Dec. 9 28% 27% Sale 700 Western Pipe Ac Steel Co...10 ■ July 14 15 50c 2* 26 38 10c 305* 13 16 11 6,100 Wellington Oil Co (Del)....* MINING 75c 3 21 2c 5c lc 330,900 Wellington Oil Co .....1 27,600 Western Air Express Corp..10 620 4 25 50c May 19 110 104 5* 114 Van de Kamps Bakeries..—* 10 1,000 Victor Oil Co 5,572 Weber Showcase Ac Fix pfd__* : Feb. 15* Jan. Oct. 37c 4,200 Sontag Chain Sotres Co Ltd.* ;:v:iu 316 Square D Co B common Lowest Sale Prices Dec. 31 Ask Bid Bid Ask Bid 11,710 Security Co unit*. 65.500 Security First Nat Bank...20 * 6,400 Shell Union Oil Corp 15,500 Sierra Trading Corp..._._25c 31.100 Signal Oil-Gas A * B common * 1,000 ' 1936 Jan. 2 Shares , YEAR Price STOCK EXCHANGE 12 Months 1936 1.374 10,134 RANGE FOR PRICES IN DECEMBER LOS ANGELES SALES AGGREGATE 67 EXCHANGE STOCK ANGELES LOS JAN., 1937] 9 17% Oct. 17 685* Dec. 31 604 3§* Dec. 21 Nov. 17 July 29 Nov. 12 79)* Oct. 19 18)* Dec. 14 12 1435* Dec. 22 14 30 1936 d Removed ? • ;.• /:<.'•.. v''! ;"1 / ■ • ('■''■■■ ■' Br OF BONDS AND STOCKS X 'iSfe'.N In the earlier part of this publication complete records of the dealings on the leading stock exchanges of the country, for the latest month and for the calendar year to date, are furnished. In this department of General Quotations we combine in one comprehensive whole, securities of all classes and descriptions, not only those dealt in on the exchanges, but also leading unlisted and inactive securities. The following is to the different classes of securities quoted; i Page Exchange Seats Joint Stock Land Bank Securities.......Ill 91 Mining Stocks Foreign Government Bonds 92 Municipal Bonds—Domestic........ Industrial Bonds... 82 _ . ................... ndustrial Stocks Insurance 85 Stocks index Page Page 84 Federal Land Bank Bonds an . 85 ..... 9], ... Canadian^..93 Public Utility Bonds.... .............. 74 ................ 99 Public Utility Stocks Investing Companies Securities.......... 73 Railroad Bonds......................... 68 79 Railroad Stocks... Real Estate Bonds 72 —..— ...... H2 .......—... Real Estate Trust and Land Stocks 85 Textile Stocks..... 89 -—-—-- Title Guarantee and Safe Deposit Stocks.. 85 United States Government Securities.... 91 United States Territorial Bonds— 91 Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue. The letter "f * prefixed to bond prices denotes that the quotation is a flat price—that is, that the accrued interest forms part of the price, and therefore the purchaser does not have to provide for it separately in making payment. In the case of income bonds and bonds in default, the price is always "flat," and no designating mark is employed to indicate the fact. Quotations for equipment bonds are Quotations for guaranteed stocks are based on average maturities. , "and dividend" that is the accrued dividend must be paid In addition to the price. of these tables that the quotations for many inactive and unlisted securities are merely cases the figures are obtained from sources which are considered reliable. It should be borne in mind in the use The following abbreviations are often used, viz.: "M" for mortgage, "g" for gold, "gu" for guaranteed, "end" for endorsed, "conv" for convertible, "s f' for sinking fund, "1 g" for land nominal, but In all "cons" for consolidated grant, "op" for optional. The black-faced type in the letters showing the interest period indicates the month when the bonds mature. NOTICE—All bond Bonds prices Bid cons g 5s 1943 sot A Jst cons 4s 1943G 1938 Iq trust 5s ser ser B JAD JAD 1st M g 5s 1974 series A..MAN Coll tr conv g 5s 1944. ; Coll A conv 5s 1949 Coll A conv 5s 1950 0.75% 14 3 15 434 104 ] 104 < 1946..AAO 10534 Aug Term 1st gu g 108 10934 61 54 56 78 80 97 99 9634 Ref A gen 6734 Eq Eq Eq Eq MAS Adjustment 4s July 1 1995 Nov Stamped MAN Conv g 4s of *09 due 1955.JAD Conv g 4s *05 due 1955. .JAD Conv g 4s of'10 due I960. JAD Conv deb 434s 1948 JAD Trans S L 1st g 4s 1958...JA Oal-Ariz 1stAref4 34s'62 opMAS Rocky Mt Div 4s 1965...JAJ Athens Terminal Ry— 1st g 5s 1937 JAJ / Atl A Birm. See Seab'd Air Line Atlanta A Charlotte Air Line— 1st M 434s 1944 ser A JAJ lot M 5s 1944 ser B JAJ Atlanta Knoxville A Northern— 10334 1.00% 1.50% 2.50% 74 34 i 10434 110 11534 1951 11234 11034 11134 11034 ..... 8434 1937 1% 3.25 3.00 10034 FAA 86 71 1.50 2.00 JAD 7734 79 104 11124 11434 104 2d (now lstlgold 5s 1938-JAD Brunswick A Western— 1st mtge gtd 4s 1938...—JAJ Buffalo Creek 1st 5s 1941....JAJ 1st ref 5s 1961 —-JAJ Buffalo Rochester A Pittsburgh— General 5s g 1937 ...MAS Con g 4 34s 1957 MAN Equip trust 5s 1937-38..JAD Buff A Susquehanna RR Corp— 1st 4s Dec 30 1963 JAJ Certificates of deposit Butte Anaconda A Pac 5s '44 FAA Cambria A Clearfield— 1st 5s g 1941 ......-JAJ 10234 10334 10534 10034 9934 10534 9834 1.00% 1.007# 60 30 10434 l!5" 193 T 33 ■ i e» 10334 105"" 103 9034 Hi 10034 10534 111 9354 92 #8;;' Canadian Northern— 95 . Birmingham Southern— Equip trust 334s Dec. 11937-46 50.50 to 102 4s 1957 gu.MAS 84 A.Imp 1st 4s *40 Boonville St L A Sou 5s '51.FAA / 18 Boston A Albany 5s Oct '63. .JAJ 110 5s June 1942 JAD 10754 5s July 1 1938 104 JAJ 434s July 1937 JAJ 10054 434s impt 1978 FAA 10134 1st mtge 4 34s ser A 1943 AAO 10634 94 334s Jan 1 1951 JAJ Ref 3 34s 1952 gu N Y O..AAO 94 Boston A Maine (new) 5s Sept '41 94 4s-5s April 1947 5s April 1944 k Last sale. 2.75% 10334 20" 10154 10734 9454 90 93 5s June 1945................ 5s Jan 1946................. fThis price includes accrued interest. 100 104 112 n Nominal. 88 90 5 F deb 634s 1946 —JAJ ":-t. 29 J 293 / Eq tr 634s 1938 MAN b 2.00 100 Canada Atl Ry 1st 4s 1955..JAJ Canada South 5s 1962 ser A.AAO 11824 Canadian National Rys— 11534 434s guar 1957........—-JAJ 11534 434s guar 1951 MAS 116 434s guar 1956.... FAA 4 3as guar 1955 11834 JAD 15 12034 40-yr 5s guar 1970..—FAA 5s guar July 1 1969-. 11834 JAJ 58 guar Oct 1 1969.......AAO 12034 118 58 guar 1954 ....FAA 10024 16-year guar 3s 1950...—JAD Guaranteed 3s 1944.....MAN 10324 101 Guaranteed 2s, 1938.....MAN 9824 7-year guar 2s 1943......FAA 10024 17-year guar 3s 1953 FAA 2.60 Eq tr 434s 1937-1942 (gu) MAN 2.60 Eq tr 434s 1937-45 (ann).JAD 2.65 Equipment trust 5s........... FAA -iviv'.'i.-, B7'' 10024 2434 2434 ■ 0.75% Gen M g 4s 1955 Cambria A Indiana— Birm Term 1st g Bluff Point Land 106 29 55 / j,»oo Burl Cedar Rapids A North— Con 1st A coll tr 5s g *34..AAO / 94 8634 74 1.00 1.25 FAA / 28 1938— f 102 Bellefonte Central 1st 6s *49. FAA Belt RR A Stk Yds (Indplis)— Big Sandy Ry 1st g 4s 1944..JAD 107 34 105 99 Gen unlfs er A 4 34« 1964. .JAD 98 10-yr coll tr 5s May 1 '45.MAN 105 Loo & f aahv 4s Oct 1 *52_MAN 9734 Equipment trust 434s.. b 1.45 Eq 414s 1937-41 E (yr) FAA b 1.55 MAS MAN 4Kb 1961 ser JJ AAO Equip trust 334s Dec 1 1937-44 Eq 434s 1937-1943 (yr)-.AAO Equipment trust 5s Boston A Maine (old)— 1st ref gold 4s 1939 MAN Belt Ry of Ohatt 1st 5s '45..JAJ Belvidere Del 1st 334s 1943 JAJ 30 110 114 115 11034 11134 1st guar g 3s 1989 JAD Bay City A Battle Ork 3s *89 JAD 101 4s July 1 1952 MAS Conv deb 4s 1939 op *16—MAN JAJ 4s 1951.....JAJ Bedford Belt 1st 5s 1938...-JAJ Beech Crk Ext 3 34s 1951...AAO 99 109 JAJ 981 Bangor A Aroostook— 1st M 5s g Jan 1 1943 11034 1st 6s. 1938 Atlanta Terminal 6s 1939 Atlantic City gu 4s 1951 1st M 534b 1929 extd as 5% to May 1954 .MAN Atlantic Coast Line RR— Toledo A Cin Div 4s 1959.JAJ Washburn Ext 1st 5s '39.. FA A Battle Creek A Sturgis— 119 FAA 107 J 11134 1st mtge gold 5s 1946 JAD 1st cons 4s Mar 1 2002 MAS Atlanta A St Andrews Bay— AAO 104 JAJ 110 111 114 114 5s 1967 ser AO 5s 1955 ser 2 Geniuuo St Johns Riv Ext gu 5s '39.FAA Van Bur Ext 5s g Jan *43.AAO 10734 m Boston Term Co 334s 1947—FAA Brooklyn A Montauk— S W Div 1st 5s 1950 11534 9334 93 95 83 24 - Boston lstn Piscat Div g 5s Jan 1943..AAO 115 54 11034 11034 10634 10634 108 110 111 113 10624 m m 1st mtge gu g 4s 1955 Bost A Prov deb 5s July 1 tr 434s 1937-40 (yr)—MAN tr 434s '37-*41 O (yr) FAA tr 5s 1937 (yr) FAA tr 5s 1937-38 (yr) FAA 4s stamped 1st Ask 93 ....... Eq tr 6s 1937-38 (year) Boston ANY Air Line— 5s series F 1996-MAS Cons refund g Bid Aug 1942............FAA July 1950 JAJ Equip 534s 1937 (yr) ....FAA Pittsb Lake Erie A W Va— Refund gold 4s 1941...MAN i bonds. 4s 3s AAO 5-yr sec notes 434s 1939..FA A 88 b 1.50 b 2.50 b 3.50 / 7234 5s March 1942 5s Jan 1943 5s May 1940 4s Feb 1 AAO defaulted Bonds 1st 10634 and Boston A Maine (new) Concl— 5s May 1943 1st 115 Augusta Union Sta 4s 1953..JAJ Baltimore A Harrisburg Ry— 1st M West Ext g 5s 1938.MAN Baltimore A Ohio— 1st M 4s g July 11948 1st M 5s July 1 1948 Ask 60 6s 1947..AAO 9634 g 1947 AAO Atchison Topeka A Santa Fe— Gen mtge gold 4s 1995 AAO Bid 85 100 Aroostook Nor 5s b Basis. Bonds AAO / American Refrlg Transit— Equip 6s series D 1937 JAJ Equip5Hsseries E 1939..MAN Equip 5s ser P, G A H, *41-'45 Ann Arbor 1st g 4s 1995 Q-J Ark A Mem Ry Bridge A Term— cons marked "I" and income Atlantic Coast Line of S O— Gen 1st g 4s July 1948 JAJ Atl A Danville 1st 4s 1948...JAJ 2d g 4s 1948 JAJ Atlantic A Yadkin— 1st mtge gu g 4s 1949 AAO JAD FAA stamped 1950 AAO / 65 Allegheny Val gen 4s 1942—MAS 11234 Allegheny A Western— 1st mtge guar 46 1998 AAO 102 J4 1st except where Conv g 434.8 1960 FAA Ref A gen 5s 1995 series A. JAD Ref A gen 6s 1995 series O.JAD Ref A gen 5s 2000 ser D—MAS 5s 1st M 5s 1964 interest" Austin A Northwestern— 1st mtge gtd g 5s 1941....JAJ 109 1.25 Alabama Tennessee A Northern— Prior lien 6s 1948 JA J ) Gen income 6s Oct 1948 JAJ / Alabama A Vicksburg Ry— Albany A Susq 334s Alleghany Oorp— 76 75 114 AAO b "and Ask RAILROAD BONDS Aberdeen AAsheboro 1st 5s'40JAJ / 18 Adirondack 1st 4Hs 1942 gu MAS 100 Akron A Barb Belt g 4s 1942. JAD 103 34 Akron Oanton A Youngs town— Gen A ref 6s 1945 series A.AAO / 74 Gen A ref 534s 1945 ser B.AAO / 7334 Alabama Great Southern— 1st are 109 12734 1.00% 10034 11934 12834 RAILROAD JAN., 1937] NOTICE—All bond prices are Quotations for all securities are Bonds Bid Canadian N W 4 % s Oct 22 Canadian Pacific— 1943 95 perpetual—J&J 98 H 20-yr coll tr 4%s 1940—M&S Coll tr 5s 1954 J&D 102 % 109 % Cons deben 4s S f 4%s Dec iS 102% —J&J 105% M&S / 111 % ; 15-yr conv coll tr 4s 1949--J&J 106% Oonv coll tr 3%s 1951—F&A 100 115 Eq tr 5s 1944. J&J Eq tr 4%s 1937-1938 s-a.-J&D 6 2.60 Eq tr 4%s 1940-1945 s-a.J&D b 2 60 Oaro Cent 1st g gu 4s 1949..J&J 1 71 Oaro Clinch & Ohio 5s 1938-J&D 105% 1st cons 6s 1952 ser A..J&D 15 110 Carthage & Adirondack— Catawissa Cons g 115% 2.00% 2 00% 111 :.91:; 111 Cent Ark & East 1st 5s 1940-J&J 21% Cent Br Un Pac 1st g 4s '48 Central of Georgia— 36 J&D 1st M g 5s Nov 1 1945 Cons gold 5s 1945 F&A M&N Ref & gen 5%s 1959 ser B. A&O Ref & gen 5s 1959 ser O—A&O Eq tr 4%s *37-'40 ser P(yr)M&8 Gen M <now Gen M 4s 1st) g 5s 17 84 86 76 72 1.75 J&J Eq tr 4%s 1937-41 (yr)—F&A Central Pacific— 1.00% . 112 1st ref 4s g guar 1949 F&A 1st g guar 4s Oct 11954—A&O 1083 103] Guar g 5s 1960 F&A European loan 4s 46 -—M&S Central Vermont Chatt Rome & Sou 1st 5s *47 J&J Chattanooga Sta 4s 1957 gu—J&J Chesapeake & Ohio— 1st cons g 5s 1939 M&N General 4%s gold 1992—M&S Ref & imtp 3%s D 1990--M&N ! Ref & .mpt 3 %s ser E 1996 F&A notes, 1940 J&J notes, 1941— J&J notes, 1942 --J&J notes, 1943 J&J notes, 1944 J&J notes, 1945 J&J 1st gtd 5s 1.50% 1.75% 1.25% 0.75% 0.50% M&N 4.00 99 8% V V 'hjs mrnmm H 113"" 34% tr 104% B—J&J A&O 101% 113 B—A&O 112% 110% 105% 112% 1980—M&N 73% y- 75% 1.00 050% b A&O 115 112% J&J 99% F&A Ext gold 4s 1948 111% 105% 109 Pt Deposit 4l 1940—F&A iposit 4s Columbus & Hocking Valley— Col Newberry & Laurens— 1st 3s July 1 1937 113% Columbus & Toledo— 1st ext g 4s 49"" 3.00% 44 38 24 Concord & Claremont— 1st 5s 1944 Connecting Ry 1 Phila)— M 111 111% . 36 36 02% 1st l'n & ref g 7 %s '36 ser AJ&D Certificates or deposit. 72% 1st lien & ref 6s '30 ser.B—J&D 68 71% 62 71 65 65 67 5 00 5.00 5.00 deposit 10% 01 56., 67% 69 68 4.00% 4.00% 4.00% 44 91% 1st & ref gold 4s 1943 M&N 5%s May 1 1937-M&N 15-yr g Equip trust 4s Apr 1 1937-'49— Denver & Rio Grande Western— Gen income 5s Aug '55 F&A Assented subject to plan Ref & impt 5s 1978 ser B—A&O Eq tr 4%s 1937-'42 <yr)—M&N Equipment trust 5s Equipment trust 5%s , 101 50 49% 51% 50 con 1st con g g 4%s 1936 Ctfs of dep for gtd 4sl935_J&J Des Plaines Val 4%s 1947—M&S Det & W* „ f 3.50 2.00% 18% 17% 18% 30% 30% 18% 4.50 b 4.50 3,50% 3.50% 4.50 3.50% 6 6 J&J t/34 J&J t/35 4s 1936 Denver & Salt La,ke ~ Ry— Inc mtge 6s Jan 1 1960. an 1960-An Apr 1st 4l 1950 J&J Des Moines & Fort Dodge 55% 33% 33 b Denver & Rio Grande— 1st Mack pr lien 4s 1995-J&D 4s 8tamped 1995 - Mortgage gold 4s 1995 J&D Mtge 4s stamped 1995— 96% / This price Includes accrued interest. 1st guar 4%s 5 Last sals, 1961——-M&N n Nominal, 91 90% 91 85 Ref & imp M 5s 1967 Ref & impt M 5s 1975 M&N A&O Eq 4%s *37-'41 LL 1 s-a)—M&S Eqtr 4%s 1937-'43 is-a)—M&S y s 85% b 2 00 -» 2.40 > '2.00 > 2.00 105% 118% f 6s 1 Pittsburgh— Gen gu g 3 %s ser B Series C 1940 107 107 1940—J&J J&J Florida Central & Peninsula— 1st cons 5s gold 1943 J&J 7 Florida East Coast 4%s '59. J&D r 1st & ref 5s 1974 M&S / 16 mmmm ' mmmm mmmm , 81% 18% 18% Gen ref cons gold 4s 1950 J&J / ref 4%s '52 opt--M&N 45 • 1st 1982 4%s con Nov '32 and May '37 coup). Proof of claim filed / Certificates of deposit— 3% 3% Fort Dodge Des Moines & Sou— 1st 5s 1938. J&D t U 107 Fort St Un Dep Det 4%s '41-J&J & Henderson 96% 1938-A&O 102 M&S J&J 117% Ga & Ala 5s Oct 1945 J&J / 40% Ga & Ala Term 1st g 5s 1948-J&D / 33% Ga Oaro & N 1st 5s g 1929 J&J Ext at 6% to July 1 1934 / 44% Georgia & Florida RR— 1st M 6s 1946 series A M&N 8% Certificates of deposit 7% - Georgia Fla & Ala 1st 6s '52.F&A Georgia Midland— 1st g 3s 1946 —A&O Ga RR & Bkg ref 6s 1951—A&O 4s Jan 1 1947 J&J Ga Sou & Fla 1st g 5s 1945 J&J Deb 5s 1952 A&O Eq tr 4%s 1937-1939 s-a—M&N Girard Point St'ge 3%s '40--A&O Goshen & Deckert'n 1st 5%s 1978 2nd ext 6s 1979 M&N Gouv & Osw 1st 5s g 1942 J&D Gr R & Ind ext4%s 1941 J&J 1st ext 3%s 1941 J&J 17% 66% 124 105% 69 56 6 4.25 105 98 95 103% 111 105 100% 1 Pacific— J&J 101 Prairie)4s 1955 94 1st 4s Feb 15 '42 Alb gu—M&N Gen 4s 1962 Can Govt gu—J&J Grand Trunk West 4s £ 1950-J&J 1st g gu 4s S July 1 1950—J&J 99% 94% 92 109% 90 103% 3.75 09 Great Northern— 1st & ref g 4%s 115% Gen M 5%s 1952 aerB Gen M 5s 1973 ser O 117 *61 opt *41-J&J J&J J&J Gen 4%s 1976 series D J&J Gen 4%s 1977 series E J&J Gen mtge 4s ser G1946 J&J 115 108% ir 4s ser H 1946—J&J Eq tr 4%s 1937-1939 M&S Eq tr 4%s 1937-1940 D»yr) J&J Eq tr 5s 1937-1938 «yr)—M- " Western Fruit E Express— I'ne lo'37-'39 »yr)J&D Eq 5s J'ne 1 Eq tr 4%s 1937-1940-J&D Greenbrier Cheat & Elk— 1st 5s 1944 J&J W Va Midland Ext 5s '54.J&J Greenbr Ry 1st g gu 4s '40-M&N Green Bay & Western— Debenture ctfs A Feb Debenture ctfs B Feb Guantanamo & Western— 1st M 6s 1958 series A J&J 1.50 1.00 1.50 1.80 101 99] 1081 88 r ilf Mobile & Northern— 101 4?H 63 663 50 70 50 35 35 65 117% 19" 19 Certificates of deposit / 78 Eq 4%s '37-'4l H 1 s-a).—M&S 103 Fla So 1st g gu 4s 1945 J&J Florida West Sh 5s 1934 J&J / 42% Guayaquil & Quito 1st 5s '32 J&J2 97% 45 Detroit Term & Tunnel— 18 1953 Gen mtge Delaware & Hudson— _ 47f* 56% Imp & equip 5s 1960 M&N Danbury & Norw ref 4s 1955-J&J Del & Bound Br 3%s 1955—F&A Delaware Lackawanna & Western 33 90% A&O A&O 1953 6 Eq tr 5s Dec 14 1937-'43 iyr). Grays Pt Term g 5s 1947 J&D Cuban Nor Rys 1st 5%s, *42 J&D Cuba RR 1st g 5s 19554—-—J&J 38 B Series (Lake Superior) 4s 1955 1st 4s Feb 25 '39 Alb gu—M&N J&J Deb 4s 1956 guar 106 J&J J&J A.-A&O Prior lien gold 4s 1996 Gen lien gold 4s, 1996 Conv gold 4s 1953 ser (Mountain and 76 15 '51-M&S 15 M&S Consol Rys «N H) deb 4s '54-J&J Deb 4s 1955—-----—-J&J Deb 4s 1955— A&O >1 110% 108% 1st M 3s 1962 104% 1st M gu 4s Mar 1st 5s 1951 :::: A&O 1st & ref 5s 1965 5s stamped 1965 112 100 Erie— Grand Trunk . , 108% ey J&J Connecticut & Passumpsic Rivers 1st gold 4s 1943 A&O Conn River gold 4s 1943 M&S 22% 24 25 1955 El Paso & R 11st gu 5s 1951-J&J El Paso & Southwestern RR— 1st lien & ref M 5%s 1950—F&A 5%s 1937. 114 Galveston Houston Col 37 1 105% I-M&N ' 100 Elgin Jol & East 5s 1941—M&N Elmira & Williamsport— 1st 6s 1910 ext at 4% 1950-J&J Income 5s 2862 A&O Amended M 1977 ser A-F&A General mtge 4%s 106% Edmonton Dunvegan & British Columbia Ry 4%s 1944--A&O Galveston Term 6s 1938 Genesee River 6s 1957 Coal Riv Ry 1st 4s gu Colorado & Southern— _ A&O 116% Proof of claim filed C—A&O 1945-J&D Certificates - 103% Cleveland Union Terminals— 1st s f 5%s 1972 series A—A&O E .... 33" '40--J&J 1st M sf 5s 1973 series 1st s f 4%s 1977 series M&N 1st 96._ gtd gtd 3%s gen gtd 76 M&N lst extended 5s 1965 East Tenn Va & Georgia— Consol 1st g 5s 1956- 84 103% 44 Fonda Johnstown & Gloversv— l5§% 1942—-J&J 1942—A&O 3%s gen gtd 1942—A&O 3%s gen gtd 1948—M&N Glen & ref 4%s 57 99% 40% 103 Cleveland Terminal & Valley— 1st 4s gold guar 1995 M&N " 105% 103 119 Cleveland & Pittsburgh— 118% Stmpd non-pay Fed inc tax— /v 47% 51 Gen M 5s '87 stpd Inc tax.M&N / GenM4%s'87 stpd inc taxM&N / 48 48 GenM4%s'87 stpd inc taxM&N 15-year o%s Mar 1936.—M&S / 55 32 1st & ref 5s May 2037 J&D 32 1st & ref 4%s May 2037.-J&D 32 1st & ref 4%s May 2037 O J&D 17 Oonv g 4%s 1949 ser A—M&N 6 Basis. 103 107 102 Ser C '65% Dutchess Co RR 4%s 1940.-J&D f9 9H East Penn 1st 4s 1958 M&S East Tenn & Western N O- Erie & 108% 110 108 '90 M&N Ser B Duluth South Shore & Atlantic— 1st gold 5s 1937 J&J 0.75% 106 '40-M&S Ser D 43 M&N 1.25 105% Ser A 4%s gen Ser B 4%s gen 73 103 " b 105% Gen & ref 4%s 1981 ser Cleve Short L 4%s 1961 _ 1987 1943 J&J A&O 1937 Equipment trust 5s Equipment trust 5%s Penn coll g 4s Feb 1 1951--F&A 108 Spr & Col Div 4s 1st g 112% , Is 1987 108% Cleveland & Mahoning— Gold 5s 1938— —J&J 113% 109% Coll tr 106 Coll trust ref 4s 1940 A&O Chicago Lake Shore & Eastern— 110% 1st M 4%s 1969 opt 1919. J&D 75 Chic Memp & Gulf os 1940—J&J Chic Milw & Gary 1st 5s *48.A&O 6 25 Chic Milw St Paul & Pac RR— 32% 50-yr 5s 1975 series A F&A 10% Oonv adi 5s Jan 2000 A&O Chicago Milwaukee & St Paul61 Gen g 4s A May 1 1989 J&J 55% Gen g 3%s B May 1 1989-J&J g 101 1951 -J&J Co— White W V Div 1st 4s Ry & Un Stk Ads— ref 5s 1940 A&O 3%s 103% 104% Ref & Chic June Gen M gold 162"" Ref & Chic Gen M 38 115 St L Div 1st col tr g 4s 100 . 63 H4 1965-M&N —-A&O 5s Series D .... 1993 J&D 1993—_—J&D imp M 6s *41 ser O—J&J imp M 5s '63 ser D—J&J imp 4%s ser E 1977-J&J Ref & 102% COCO CO"* *89 series O-J&J Gen 4%s May '89 ser E—J&J Gen M 4%s May '89 Ser F-J&j / Eq 4%s *37-'43 E & F >yr)-J&J b Eq 4%s *37-'41 G & H «yr) J&J Eq tr 5s *37-'40 ser B iyr).F&A Chicago & North Western— 105% Cairo Div 1st g 4s 1939——J&J OW&M Div 1st 4s g *91--J&J 1949 J&J Chicago & Eastern 111 'new oo) Gen M 5s May 1951 M&N * Certificates of deposit— Chicago & Eastern Illinois— 1st consol 6s gold 1934-—A&O f 99 122 Chicago & Erie 5s 1st g '82- - M&N Chic Great West 1st 4s 1959.M&S I 48% Gen 4%s May 105 60 General 4s gold Gen M 5s ser B 102 118% 109% 112% 103 103 108 105% 113 Indianapolis & St Louis-A&O Chic June RR 1st 4s 1945—M&S 107% Cleveland Akron & Columbus— 1st cons guar g 4s 1940—F&A 103 Short Line 1st 4s 1953 113 110% 109 -—J&J 103 22 23 23 99% 88 108% 108% 109% 101 / / / 97% Dayton- Eq tr 5s 1937-'38 <yr) 1st Eastern Ry of Minnesota— Nor Div 1st g 4s 1948 105% 112% 110% 1st consol gtd 4s 1942——M&N Cine & Musk Val 4s 1948—F&A Cin N O & Tex Pac Ry— 102 101 102 / 84 84 3.70% Cincinnati Lebanon & Northern— 101 / 87 1st mtge g 5s series O 57 _ M&N 1st M 3%sser D 1971 M&N Clearfield & Mahoning— • , 2d mtge Cin Ind & West 1st 5s 109 128 127% 102% notes, 1946--.-—-J&J Eqtr 2%s 1937-1946 J&D 6 2.10 Eq tr 3s, 1937-1950 A&O 0 2 40 Eq tr 4%s '37-40. (yr)-—A&O b 2.00 1.25 Eqtr5s 37-'38jyr) .—M&S 15 1.00 r) J&D Eqtr 5%s 1937 s 110% Craig Valley 1st as g 1940-J&J 111% Paint Creek Br 4s 1945—F&A 110% Potts Creek 4s 1946—— —J&J 118% R & A Div 1st con g 4s '89. J&J 115% 2d con g 4s 1989———-J&J 111% Warm Spr Val 1st 5s g '41-M&S 7 V:Chesterf & Lancaster 5s 55.F&A Chicago & Alton RR— 56 J Refunding g 3s 1949 A&O Chicago Burlington & Quincy— 114% Gen M 4s 1958----------M&S Chicago Indiana & Southern Ry— Con mtge g 4s 1956 guar. Chicago Indianap & Louisville— Ref M g 6s 1947 series A—J&J Ref M g 5s 1947 series B—J&J i! Ref M g 4s 1947 series O—-J&J 1st & gen 5s 1966 series A-M&N 1st & gen 6s May '66 ser B.J&J Monon Coal gu os '36 opt-J&D Non-cum income 5s 1955--. 84 Clev Cine Chic & St Louis— 101 102 Equip tr 4%s "A" 1945--A&O 6 * inois Midland Ry— Chicago & ill it i s t 1st m 4%s ser A '56 M&S w* Cincinnati Union Term 2.75% 110 108% 4s July 1 18% 10% „ 95 3.75 1st & ref 4%s ser B 1977—F&A '1st & ref g 5s 1971 ser A.-F&A Illinois Div 3 %s '49 op '29-J&J 95% Cin Northern RR 1st 4s 86% 109 / 78 107 1st 4%s 1949 Duluth & Iron Range— 18* 113 h 94 a, 90 Ry— Eq tr 5s Dec 14 1937-'44 •yr). Char & W Carolina 5s 1946- - A&O 0.80 104 88 M&N trg 5s 1937 80 gold 1942—— J&D gold 4%s 1937—J&J 109% Central RR & Banking of Ga—Coll 80 , General 5s 64% J&J 1987—c 80 M&N Consol gold 5s 1952 Cincinnati Hamilton & 27 1987-J&J ■M 1st mtge 3 %s ser E 1963---J&J Guaranteed 3 %s 1951 —M&S Chicago & Western Indiana— Consol gold guar 4s 1952 _-J&J 1st &ref M 4%s D 1962—M&S Choc & Memph 6s 1949 J&J Choctaw Oklahoma & Gulf— 107 112 1st 5s Mar 1 1964 Dexter & Piscataquis— f 19% ——A&O 1963.—J&J J&J Detroit & Toledo Shore Line— 1st gold guar 4s 1953 J&J 20% _ 4s 1944 1st M 4s series D 19% J&D Oconee Div 1st 5s 1945 Cent New Eng 1st gu 4sl961 Central of New Jersey— 18 _ 30-yr conv 4%s I960.---M&N Eq tr 5s 1937:38 (s-a) J&D Eq 4%s 1937-42 O (yr) —J&J Eq tr 4%s *37-'45 «s-a)—J&D Eqtr 3%s 1937-1947 J&J Chicago St Louis & N O— Con g 5s June 15 '51 —J&D 15 Con g 3%s June 15 '51-J&D 15 Mem Div 1st 4s 1951 J&D Chic Terre Haute & Southeast— 1st & ref g 5s Dec 1 '60 opt J&D Inc mtge 5s Dec 1 1960—M&S Chicago Union Station— Guar 26% 21% gold 4s 1951—J&D Macon & Nor g 5s 1940—J&J Mid Ga & Atl 1st 5s 1947--J&J Mobile Div g 5s 1946 J&J deposit Sec 4 %8 1952 ser A M&S Sec 4% ser A certifofdep. .— ir21 2.00 3.00 70 39 to 1911—A&O f/ 20 .. 4.00 4.00 4.00 Detroit Toledo & Ironton— 40% /* w 78% Eqtr 4%s '37-'40serQ<yr)M&N Eq tr 5s 1937-1938 • yrly)-J&D Chatt Div _ Ref g 4s 1934 opt Certificates of Bid Bonds Ask Ry—o General gold 4s 1988 J&J Certificates of deposit---— 100% 90 4s 1981 J&D 4s 1948—A&O Chic R I & Pac 113 107 . Bid Chicago & North Western Cont. Eq 5s 1937-'38 O <yr) J&D & 3.00 Eq 4%s '37-'42iyr)ser A-M&N & 3.75 109% 103% 105% 16 1944—J&D 15 Coll tr 4%s 1960 Oonv coll tr 6s 1942 1st mtge guar g Bonds Ask 92 _ _ 69 BONDS "and Interest" except where marked "f" and Income and defaulted bonds as near as possible for the closing day of the month preceding the date of issue 118% 103% 1st 5%s 1950 ser B 1st 5s 1950 series O Gulf & Ship Island RR— A&O A&O 99 1st ref & term g 5s Feb '52-J&J 88 Stmpd <July 1 1933 cpn on)Gulf Terminal of Mobile— 1st mtge g 4s 1957 gu...—J&J 88 97 ■ mmmm 70 RAILROAD BONDS NOTICE—All bond prices are "and. Interest" except where marked "f" and Income and defaulted bondt Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bid Bonds - - Hocking Valley Ry— 1st cons gold 4 Ms 1999—J&J Eq tr 6s 1937-1938 (ann). A&O Eq tr 5s 1937-1939 (yr)—J&J Holidaysburg Bedford & Oumb 1st M g 4s 1951 guar .J&J Holyoke & West 4 Ms 1951—A&O Housatonic con 5s 1937—--M&N Houston Belt & Term. 5s '37.J&J Houston & Texas Central— 124 1.15 1.25 JZ5^ 0.75% 1.00% 109 35 78 85"" 101M •• 102 M 1st gold 5s 1957 opt-——F&A Adj inc up to 5% Feb '57. A&O 1st M 4 Ms 1957 conv—F&A 79 % 32 Main L ext 1st g 3 Ms *51. A&O 1st g 3s sterling 1951 M&S Coll trust gold 4s 1952... A&O Col tr L N O & T g 4s '53.M&N Ref mtge 5s 1955M&N Ref g 4s 1955 opt 1918--M&N ' Pur liens 1st g 3Ms 1952--J&J < JtlstrefM(IO&OSL& N O) 5s 1963 ser A J&D Series O 4Ms 1963 J&D 40-year 4 Ms Aug 1 1966-F&A Eq tr 4 Ms 1937-1939 K—F&A Eq tr 4Ms 1937-1940 L—A&O Eq tr 4Ms *37-'41 M (s-a)_M&N Eq tr 4Ms 1937-41 Ser N.A&O Eq tr 5s 1937 ser J M&N Equipment trust 5 Ms Carlo Bridge 4s g 1950—J&D Litch Div 1st g 3s 1951 J&J LouisY Div 3 Ms g 1953-—J&J 85 110 M 106 M 101M 106 M 92 M 92M 87M 103 % m 101% 107M • Omaha Div 1st 3s g 1951—F&A St Louis Div 3 Ms g 1951 J&J St Louis Div 3s g 1951 J&J * Sp'field Div ext 3 Ms 1951 J&J Western lines g 4s 1951—F&A Indiana Bloomington & Western— 1st ext 4s 1940— A&O Indiana Harbor Belt RR— Genl mtge 4s 1957— J&J Gen mtge 4Ms 1957-Indiana Illinois & Iowa— J&J m Wo 1.60 2.00 2.00 1.25 1 25 108 96 101 87 93"" .87 H 104 M 93 H 88 M V ser J&J B AdJ M 6s July 1952 ser 1st M 5s 1956 series B 108' 118 M A.April 106 105 1st M 5s 1972 opt M&N 1st col tr 6% notes 1941.M&N 1st 1 & ref 6 Ms 1947 F&A Interstate Transf Ry 5s 1945-J&J Iowa Cent 1st g 5s 1938—J&D Certificates of deposit. 1st & ref g 4s 1951 M&S Jacksonville & Gainesville & - A&O / Jackson Lansing & Saginaw— 1st 3 Ms Sept 1 1951 Jacksonville Terminal— Gulf Ry 1st 5s 1951 56" 119M 107 39 M 90 102 09M 103 M 33 M 12 34 10 ; :i 90" 98 M A&O / 98M 28M 30 118 Guaranteed gold 4s 1945—M&S Louisville & Nashville— 112M M&N 101M 109 M 104 109 111 108 HI* 108M 103M , 50-year gold 5s 1937-. Unified gold 4s 1940——J&J 1st & ref 5s 2003 ser B—A&O 1st & ref 4 Ms 2003 ser C..A&0 1st & ref 4s ser D 2003—.A&O 1st & ref S34s ser E 2003—A&O '■ 103 97 M 1.00 Eq tr 4Ms 1937 (year).—.J&D b b 1.25 Equipment trust 5s 114 Atl K & Cin Div 4s 1955-M&N Pad & Mem Div 1st 4s '46.F&A South East & St Louis Div— 1980—M&S Mob & Mont 4Ms 1945..M&S Southern Ry joint Monon coll mtge 3s ———J&J fold 4s, 1952 ; N Term 1st g 4s *52 gu J&D Macon Dublin & Savannah— 1st 5s 1947——— J&J Macon Terminal 5s 1965—J&J Maine Central— 1st mtge & coll 4s ser A *45 J&D Conv gen 4 Ms ser A 1960.J&D Joplin Union Depot Co—1st g 4 Ms 1940 guar opt.M&N —J&D Kalamazoo Allegheny & Grand Rapids gtd 5s '38..J&J Kal & Sou Haven—See Mich Cent Kalamazoo & White Pigeon RR 1st gold 5s 1940 —J&J Kanawha Br & Ter 5s 1948.A&0 Kana & Mich 1st 4s 1990—A&O Kanawha & W Va 5s 1955—J&J Kan City Ft Scott & Memphis— Ref g 4s 1936 guar A&O Certificates of deposit.. K O Mem A Bir 4s 1934 M&S Income 5s Mar 1934 Sent 1 Kan City Sou—1st g 3s 1950 A&O Ref & Impt 5s Apr 11950-.J&J ext at 99 M 104M 105 M 105M 109 108 102 104 60! 58 60M 56M 94 M 105M 1.80% 109M 116 Acer int at exch rate 4.8665— accr int at rate 4.8665— Plain 1961. J&J 1st mtge 4Mb ungar 1961 Lake Erie & West 1st 5s '37. J&J 2d gold 5s July 1 1941 J&J Lake Shore & Mich South— 100M 106 Vs 109 M Cong g ref 3 Ms 1997 J&D Leamington & St Clair 4s '45 A&O 00 107 101 ■ mrnmtm lOlM 106M Hf4Ho oCOO as mmmm 105M F&A 104 M Valley— 1st 6s ext gold 4s 1948. J&D 106 125 106 M 68 73 80M 102 108M / Price includes accrued interest 74 M 106M 3M 109M 102 94 109 S-r 27 29 90. A&O 93 94 76 72 92 86 94 M 80 41 90 42 55 63 86M cons 1938——J&J gold 5s 1938——J&J 105M 127"" 58 11 12 M 5 M 4 1M 27^ it* 32 §9 M 60 30 92 94 25-year 5Ms 1949— .M&S Secured notes 5s 1938— .F&A Eq tr 4s *37-38 s-a—J&D15 Equipment trust 4 Ms...--... M St P & SS M & Cent Term Rylst Ch Ter s f 4s *41op'16. M&N Minn Transfer Ry 3%* 1956-J&0 25 29 M 87 3.75 3.75 •V; 103 109 QQ 3.00% 3.00% 85 M 87 49 Mo-Ill RR 5s 1959— J&J / 48 104 Mo Kans & Okla 5s 1942—M&S Missouri-Kansas-Texas RR— Prior lien 5s 1962 ser A.—J&J 72 Prior lien 4s 1962 ser B J&J 74M Prior lien 4Mb 1978 ser D.J&J —- k Last sale, n Nominal. 101 61 96"" 93M Eq tr 4Ms 1937(yr) —A&O b 93M 97 M A—.F&A no 1.00 0.50% Nashville Florence & Sheffield— 102M 1st guar gold 5s 1937.—F&A 102M National Rys of Mexico— or Mex 5 5 } 4H cons 50-year 1st 5s 1983. 1st 5s 1954 series B——..A&O Certificates of deposit— Deb 4s 79" 93 M 95 38 39 M 103 81 104 83M 99 H 100 m 49 1st M 5Ms 1954 series A.. A&O / Certificates of deposit—.... 1st 5s 1956 series O F&A 1st M 4Ms 1956 series D..F&A / Equip trust 4 Ms—*——; Newport & Cincinnati Bridge— 1st M g 4Mb 1945 guar.... J&J New York Central RR— 10-yr conv 6s 1944.M&N Cons mtge 4s 1998 ser A—F&A Ref & impt 4Ms 2013 A...A&O Ref & impt 5s 2013 O A&O 10-year 3Ms sec s f 1946—A&O New York Central & Hud Riv Ref g 3Ms July 1 1997 J&J 80 68 80 105 ...J&J Income deb 5s 2032——J&J New Orl & Nor East 6s 1915 Extended at 5% 1940—M&N Ref & impt 4 Ms 52 ser A—J&J New Orl Term 1st 4s 1953. .J&J New Orleans Texas & Mexico— Non-cum inc 5s '35 ser A—A&O w% 45 50 50 M 51M 45m 48M 15M ^47M 4.00 o 111M 110 103 % 94 M 100M 3.00% mmmm; 111 104M 94M IOO^? 103 1942 tax-exempt..J&J 103 M 104 108 94 M Ref & ref 4 M« ser A 2013..A&O L S coll tr g 3 Ms 1998 F&A 104M 108 M 95 97M 96 M 97 M 95M 3Ms 1998—.F&A Spuyten Duyvil & Pt Morris 101 3 Ms 1959— —J&D NYC L eq 5s 1937 (yr)-.J&D b 1.00 NYC L eq 5s -37-'39 (yr). J&D b 1.40 NYC L eq 4 Ms 1937 (yr).M&S b 1.00 NYC Lines eq 4Ms Mar 151937 to 1939 (year) _._M&S15 b 1.40 (yearly)—.. M&N15 NYC RR eq 4Mb '37-*45.M&N N Y Chicago & St Louis— 1st gold 4s 1937——.A&O 3-year 6s Oct 11938— Ref 5Ms 1974 ser A—A&O Ref 4Ms 1978 ser O M&S 10-yr coll tr 4s 1946 F&A Equip tr 4Ms 1937-44 (yr)F&A Equip tr 5s 1937-38 (yr)..F&A Equip trust 3s July 1 '37-'51— New York Connecting RR— 1st M 4Mb 1953 series A—F&A 1st guar 5s 1953 series B F&A 85 73 75M 68 70M 94 M 95 43 M 44 40M 43 40 43 40 43 40. 43 M 40 12 13 3.00 3 75 1.50 2.40 b b 102M 98 M 102M 93M 103 M b 2.60 b 1.40 6 2.75 0.55% 1.00% 0*50% 1.00% 1.00% 2.00% 102 M 99 m 103 M 93 M 103 M 2.00% 1.00% 2.00% 108 108M New York & Erie RR— 1st 4s ext g 1947——.—M&N 2d ext 5s 1939—— .M&S mmmm w M 109M 103 3d mtge 4Ms 1938—...M&S N Y & Greenwood Lake Guar g 5s 1946———M&N N Y & Har 1st g 3 Ms 2000—M&N N Y & Hob Fy 5s May '46... J&D N Y Lack & Western— 100M 106M 80 100 m §§"" A 1973...M&N 102 M 103 109 M 109M 1st & ref 4s 99M - io5" 1st & ref 4Ms 1973ser B..M&N New York & Long Branch 105 Mississippi Cent g 5s 1949—J&J Missouri Illinois Bridge and Belt m 102M 106 M 95 M 100M A...M&N Constr'n 4Ms 1955 ser B.M&N Nashville Chattanooga & St L— 103" 'mmmm NYC Lines eq 4Mb *37-'40 29 Adj M 5s Jan 1967 ser A..A&O / Mo Kan & Tex (old company)— 1st gold 4s 1990 j&D Mo Pacific RR (new company)— 1st & ref 5s Jan 1965 A—F&A Y Certificates of deposit— 1st & ref 5s 1977 ser F—M&S Certificates of deposit...... 1st & ref 5s 1978 ser G—M&N Certificates of deposit...— 1st & ref 5s 1980 ser H—.A&O Certificates of deposit——— 1st & ref 5s 1981 ser I .F&A Certificates of deposit.—... Conv g 5 Ms 1949 ser A...M&N Secured 5M« 1936-1956—J&D Equip trust 5s 1937 *40(yr)M&S Eq tr 4Mb *37-*44 F (yr)-M&N 98 58 107 98 M C coll tr g 1910 97 97 101M ff 102 w* 116 1st mtge 5s 1954 82H 40 80 RR cons 4s 1951—.—.—J&J 101 % kz* 97 2.25% 2.25% 31M 32 46M 104M 90M t- 111 123 133 102 % ser ser 93 93 93 96M 77M Monongahela Ry Co— 1st mtge 4s ser A I960..-M&N Monongahela Sou 5s 1955—.A&O Gen os 1955————...A&O Mont Cent 1st g 6s 1937 J&J 1st guargold 5s 1937——J&J Montana Wyoming & Southern— 1st mtge gold 5s 1939—.M&S Montauk Ext 1st 5s 1945..—J&J Montgomery & Erie 1st 5s 1956— Montour RR 1st 5s 1963—.F&A Morris & Essex 3 Ms 2000..-J&D 1st M 4s 1978 97 31M sm New Lon Nor 1st 4s 1940.— J&J New Orleans Great Northern— l°dH 111 1st ref 6s 1946 series A—J&J 1st ref 5Ms 1978 ser B—. .J&J 0.75% 115 M 4^01* 1940——J&J [*erm 5s 1941—A&O 1st cons gold 4s 99 Kentucky Cent 4s g 1987 J&J Kentucky & Indiana Term RR 1st M 4Mb 1961 (sterling).J&J gold 5s 2003——M&N Lehigh Valley Ry of New York 5% to 1940—.. 6s Mohawk & Malone— 1st guar g 4s 1991— M&S Consol gold 3 Ms 2002...M&S Monon Coal—See Chic Ind & Lou Constr'n 5s 1955 79M 77M ...M&S Ref & impt 4 Ms 1977—M&S / Secured 5s 1938—.......M&S / Eq 4 Ms 1937-41 (yr)—.J&J15 Eq tr os 1937-38 (s-a)....M&S Eq tr 5s 1937-39 (year)...J&J Montgom Div g 5s 1947.-F&A / ioiH 115M 100M Minn St P & Sault Ste Marie— 93M 104M con 1st 1st cons 5s 1938 gu int..—J&J 2d M gold 4s guar 1949—.J&J 103 M Con M 6s ann irred—....J&D Con M 4Ms ann irred—..J&D Gen cons gold 4s 2003 M&N Gen con gout 4Mb 2003—M&N J Minneapolis & St Louis— 1st 7s *27 ext at 6% 1932—J&D / 1st consol gold 5s 1934...M&N Certificates of deposit...... 1st refdg gold 4s 1949 M&S Ref & ext 5s Feb '62 ser A.Q-F Certificates of deposit 1st J&J Lehigh & New England— 1st M gold 5s 1945. —J&J Gen mtge 4s ser A 1965—-A&O Lehigh Valley Harbor Term Ry— N Midland Valley—5s 1943—.A&O Adj M Apr 1 *53 ser A. Sept Adj 5s series B 1953 Sept..... Milwaukee & Northern— Y 1st ext 4M» 1939..... Con ext4Ms 1939... Cons 6s i9l3 ext at 4M% to 1934 (1884).———J&D / Mil Sparta & NW 1st 4s 1947M&S / Mil&State Line 1st 3 Ms 1941. J&J / 94 1 Eq tr 5 Ms 1937-38 (year) .M&S 60.40 to Eq tr 3s F Jan 1 1938-43 Kansas City Terminal Ry— 1st g 4s 1960 opt 1930--...J&J 109M Lehigh & Lake Erie 4Mb '57.M&S of — > Stmpd 1st gold 3Ms 1952 M&N Middlesex Val 1st 5s 1942—M&N Midi RR 4% franc bonds 97 M J&J '26 J&J ——A&O gold 4s Naugatuck 1st 4s 1954—...M&N f 70% New Eng cons 4s 1945 gu—.J&J I -Ok* Consol g 5s July 1 1945—J&J f 72 N Hav & No Ham 4s 1956 guJ&D / 23 104 N J June 1st 4s gu 1986F&A 75 N J & N Y 1st ext 5s 1950-M&S 53 General 5s Jan 1 1938.. 71M 1st Mtge M Air L 4s 1940—J&J 1st g 4s Jol & N Ind 1957-J& J10 1st g 3 Ms J L & Sag 1951-M&S 100 Prior lien 5s, 1945— 1st 96; 1st cons A 6s 1963....—..A&O 16 99 M Prior lien g 4Ms s f 1957—J&J Gen mtge 4s 1977— A&O 38 78 Midland 106 M 107 1 Kansas Oklahoma & Gulf— 1st M 5s 1978— 7s 1937...M&N & Western 1941——J&J Maryland & Pa 1st g 4s '51 .M&S UH f 3d 7s ext to July 1938 at 4% 1 Mobile & Birmingham— Nat RR g Manitowoc Green Bay a97m 0.50% 1.00% 111 104 81 95 Secured 6s 1959——.—.J&J 53.00 Equipment trust 5s. 53.00 Equipment trust 5Ms—. 82 M Manila RR Sou Lines 4s '39.M&N 4s 1939 ext to 1959 70 Philippine Govt gu M&N (Foreign series) 1960—J&D / 99 % 102 M 104M 106 0.75% 2.00% 101 89 Louisville Henderson & St Louis— 1st mtge gold 5s 1946— .J&J Louisville & Jeffersonville Bridge % 95 Jamestown Frank & Clearfield— 1st g 4s 1959 guar....—J&D Joliet & Northern Ind 4s 1957 J&J - 103M 101% 105M 1.25 2.75 Memphis Union Station Co— 117 1st g gu 5s Nov 1 1959...M&N 100 M Meridian Term 4s '55 guar .M&N Mexican International¬ 99M ist con gold 4s 1977 ..M&S 2M Asst (cash warr & coup)....—. / 102M Michigan Central— 108 Ref & impt 4 Ms 1979 ser C. J& J 103 M 1st 5s Kal & SB 1939. M&N 8 105M 105M 107 35. 3.00% 11M .1' 3& Ref & ext 6s series B 1967- J&J July 1 1967— J&J 6s 1st 5s June 1 1944 — gold 5s 1935— Sinking fund 105M 107 105 105 107 M 1st 5s July 11939 Ref & ext 5s series A1967 b Basis. Con 5s 1937—— —M&N Los Ang-Pac Co ref 4s I960—J&J Louisiana & Arkansas— 1st M 5s ser A 1969J&J Louisiana & North Western— » 102 33 11 32M 4.00 1st M&S Refunding g gu 4s 1949—M&S Gen mtge gold 4s 1938— —J&D Debenture gold 5s 1937-M&N Refunding mtge 4s 1949. .M&S Equip tr 5s 1937-39 (yr)—A&O 6 Equip tr 4 Ms 1941-45 (vt)_F&A b Long Island City & Flushing— 1st gtd 3Ms 32 M Lehigh 3 Ms 1950—A&O cons 32M 30 106 Unified g 4s, 1949— 2d l6f / f Gen M g 4s 1945— Mobile & OhioGen gold 4s, 1938 Long Island— 1.00% 1.11% 1.50% 1.50% 0.75% 0.75% 105 J&J Gen Little Rock & Hot Spr West Ry— 1st gold 4s 1939 guar—J&J 79 % & 1st M 5s 1956 ser O— J&J Eq tr 5Ms 1937-42 (yr)— A&O Internal Rys (Central America)— ■ 104 ... Ref & imp M 3 Ms ser B'86 M&S Internat-Great North Ry— 1st M g 6s 1952 series A J&J , 102 102 108 86 M v Indianapolis Union— * Lincoln Park & Charlotte— 5s 1939 —J&J Litchf & Madis 1st 5s 1959.M&N Little Miami guar 4s 1962—M&N 89 M 89 100M 100M 106 M 1st gold 4s 1950 J&J Indianapolis & Louisville— 1st guar 4s 1956— ...J&J / 38 Gen & ref 5s 1965 130 1st M _ • 93 129 Ask. Bid Bonds Ask 91 — ist gold 4s 1951—-.—.J&J 1st gold 3 Ms 1951 J&J Ext 3-yr deb 6s 1937 J&D - 80 M 32% £ Illinois Central¬ Bid 109M Long Dock 1st lien g 5s 1937———J&J Hudson & Manhattan— 1 Bonds Lehigh & N Y 1st 4s 1945—M&S Lexington & Eastern— 1st guar 5s 1965-——.—.A&O Ask Had R & Portch—See N Y N H & Ha rtford. Harris Ports Mt Joy & Lane RR Ext 4s 1943.. J&J 93 Hoboken Ferry 6s 1946 95M M&N 44"" 43 44 42M 44 ser General gold 4s 1941.....M&S General 1st 5s 1941 M&S NY & NE Bos Ter 4s 1939-A&0 f N Y New Haven & Hartford Deb Deb Deb Deb Deb Deb Deb Deb m J 46M 4s May 11_957——M&N / 4s July 1 / 4s 1956 non-conv—.M&N / 26M 40 40 40M 6s Jan 15 '48 conv—J4 1947 non-conv...M&S / 3 Ms March 1947....M&S f 3 ms 1954 non-conv.. A&O f 4s 3Ms 1956 conv......J&J / 15-year secured 6s 1940—A&O / 1st & ref 4Mb 1967 -J&~ / Equip tr 4Mb Sept 15 1937 to Mar 15 1945 (s.-a.)—M&S] t Equipt tr 4Ms *37-*46 (yr).J&_ 6 Equipment trust 5s.......... b 34M 13 14 2.00% 2.50% 60 45 'mmm m 39 W 3.75 3.75 3.50 3.00% 3.00% 2.00% 80 42 U 37 M 39 59 45M _ / 109 96 96 85 :-M'-- :V:: ;"" NOTICE—All Bonds Bid 4434 Glen M g 4s 1955 red—_ J&D N Y Pennsylvania & Ohio— 3834 42 Prior lien ext 43*s, 1950- _M&S N Y Phil & Norf—1st g 4s *39 J&J 1082* M&N 10234 105 3* 106 J&D A&O /102 9234 A&O 111 F&A M&N / 45 10934 10634 10634 50 J&J F&A F&A M&N 9334 88 & 90 65 70*4 Term 1st g 5s 1943 10534 N Y Westchester & Bos Ry— 1st M g 4Kb 1946 guar—J&J / 16* 105 H Nord Ry s f 634s 1950 A&O 17 107*4 10534 Norfolk & Oar 1st 5s 1939—A&O 2nd 5s 1946 J&J Norfolk Southern 102 24 23] 66 27 ( 24] 20 1st & ref g 5s '61 opt *15—F&A f f Certificates of deposit Norf & South 1st 5s 1941.M&N / 32" 1st gen g 5s 1954 opt J&J / 107 Norfolk Term 1st gu 4s 1961M&N 117 Norf Term & Transp 5s '48F&A 1213* A—M&S 12634 1183* 123 106 '74.M&S 121 April 1 1933 & sub coups 1945-. / Without Apr 1 1933. Oct 1 1933 8734 / 81*4 and Apr 1 1934 coupons Stmpd as to sale of Apr 1 and Oct. 1 1933 & Apr 1 *34 cpns / Stamped as to sale of Apr 1 *33 to Apr 1 1935-1945 84 8134 81*4 Prior lien g 4s Jan 1997 Gen lien g 3s Jan 2047 Ref & imp 4 34» 2047 ser " Ref & imp 6s 2047 ser Ref & imp 5s 2047 ser Ref & imp 5s 2047 ser 11034 813* Q&J Q&F A, J&J B—J&J O—J&J D,,_J& J 105 112 10834 10934 1.50 2.50 74 10134 & 52 50 Worcester— 102 109 Ohio Ind & Western 5s 1938 10434 2834 Ohio & Little Kanawha— 5s 1950 98 M&S 100. A&O J&J J 6434 M 53*s 1944 F&A / 55 M 5s 1945 series B J&D / 55 M 434s 1950 series O—J&J f 54 Ohio River gen 5s 1937 Old Colony RR 4s 1938 1st 1st 1st _ 1st 5s 1946 Oregon-Wash RR & Nav— cons guar 102*4 Pac of Mo 1st exg 4s 1938—F&A 2d ext 5s gold 1938 J&J /102" 101 Cardelet Br 1st 43*s 1938-A&O 107 Paducah & 111 1st 434s 1955-J&J M&S 99 6% franc bonds (foreign series) red to 1956 J&D Paterson Extension 5s 1950-J&D 35 89 Paulista Ry 1st 7s *42serAM&S15 1 85 Pennsylvania Company— 28-year secured 4s 1963—-F&A Gu tr ctfs g 4s 1952——M&N Gu tr ctfs g 334s 1937 M&S -Vv,' Gu tr ctfs g 334s 1941 F&A Gu tr ctfs g 334s 1942 J&D Gu tr ctfs g 334s 1944 J&D Pa & N Y Canal con 5s 1939 A&O Cons mtge 434s 1939 A&O Cons mtge 4s 1939 A&O Penn Ohio & Detroit RR— 1st & ref 434s 1977 ser A.-A&O 1st & ref 4 34s series B 1981 Pennsylvania RR— Con M 4s gold 1943——M&N Con M 4s gold 1948——M&N Con M 4s gold 1948 sterling stamped dollar M&N Con M 434s gold 1960 F&A Gen g 434s 1965 J&D Gen g 5s Dec 1 1968 J&D Gen M 43*s 1981 ser D—A&O Gen M 43*s ser E 1984—J&J Deb 434s 1970 A&O Gen M 3?*s ser C 1970—A&O 30-yr secured 4s 1937-1964,J&J Eqtr 5s 1937-38 (yr) M&S Gen equip 5s 1937-39 (yr).A&0 r Eqtr 434s 1937-39 (yr)-A&O Eqtr 4sseries E 1937-1949-J&J Peor & East cons 4s 1940--A&O 2d cons inc 4s 1990 Apr 1 Peoria & Pekin Union Ry— 1st g 534s 1974 series A F&A Peoria Ry Ter 4s *37 gq op—J&J Pere Marquette Ry— 1st g 5s July 1956 ser A.-J&J 1st g 4s July 1956 ser B—J&J 10034 10134 5634 5834 107*4 17 10334 $ ff 121 110*4 953* 6 2.50 123 115 ' 152" 107 1163* , 1013* 10734 114** .... pi.— 234 85 4734 4934 1934 1934 9834 30 3334 98 82 80 10334 1005* A&O _ 84?* 8334 4534 t/84 / / 80 4434 / / / / f / 34*4 303* 32?* f Eq tr 5s 1937 (year).. Eq 434s 1937-'41 BB 1 Equipment trust 4s— St Louis 35 32 34*4 3134 303* 28 . 29 30„ 2734 98 100 97 96 99 98 Southwestern- 9834 f / 83 f 99 6934 70** 60 5034 63 Eqtr 534b 1937-1939 (s-a)'M&S b 3.00 & 3 00 Equipment trust 5s Equip tr 434s 1937-1945-J&« b 3.25 106 18* 515* 2.00% 2.00% 2.75% St Paul & Duluth— 10534 Morti 106 4s Dec 1 / St Paul 1143* 2 1 2 815* St Louis-San Francisco Ry— 2.00% 2.00% 1.25% 9134 100 103 2.00 0.50 »* 107** 90 f 1st guar 434.8 1941 St Paul Minn & Manitoba— §5" 28 101 130] 121] 243* 2334 103*4 k 105 12334 1st 434s (Oregon Series A 1977- '49-J&D Lines) M&S 40-year 434s 1968 M&S 50-year 434s 1981M&N 434s 1969 with warr_ M&N 10-yr secured 3?*s 1946—-J&J Equip 5s 1937-1939 (yr)—M&N Equip tr 5s 1937-38 (yr) J&D Eq tr 434s 1937-40 (yr)—J&D Eq tr 434s 1937-41 (yr)—J&D Pacific Fruit Express— Eq 5s 1937-39 O (yr)—M&S Eq 5s_1937-4LD (yr)—A&O Southern Pacific (Golden Gate Ferries) 1st 534s 1949 A&O k Last sale, n Nominal. * 1st con g 5s (guar) 1937.-M&N J&J Stamped (Fed tax) 1955-J&J J&J Develop & gen M g 4s '56-A&O Develop & gen 6s 1956 A&O Develop & gen 6*4s 1956—A&O Equipment trust 534s— Eq tr 5s 1937-39 (s-a) M&S Eq tr 434s Oct '37-39 (s-a)A&O Aiken Branch 4s 1998 J&J E Tenn reorg lien 5s 1938 M&S 1st Mem Div g 5s 1996 J&J St Louis Div 1st g 4s 1951-J&J Mobile & O coll tr 4s '38-M&S Spartanburg Un Col 4s 1995-J&J • 96 8634 98 99*4 9534 943* 943* 102 1.30 1.00 1.60 1.75 1.50 2.00 10234 10334 107?* 1U34 80 98 1013* 1.50 1.50 2.50 7734 10434 102 103 93 98 109 Spokane Falls & Nor 6s 1939-J&J Spok Internat 1st g 5s 1955-J&J / 3334 Stark Elec RR 1st 7s 1952—J&D Staten Isld Ry 434s 1943 105 J&D Stephen ville Nor & Sou Texas— 1st M guar g 5s 1940-——-J&J / 23 Sturgis Goshen & St Louis Ry— 1st 3s Dec 1 1989 7534 J&D Suffolk & Car con 5s 1952—J&J 13 Sullivan Co RR 6s 1944 112 A&O Sunbury Hazleton & W-B— 1st M inc 6s 1938 coup.M&N 10634 Susquehanna Bloomsburg & Berwick RR 5s 1952 112 A&O Tampa & Gulf Coast— 1st g 5s 1953 16 A&O 62 Tampa North 1st 5s *36 opt.J&J 9534 Tampa Union Sta 5s 1940—M&N Tampa Un Term 4-6 34s '53--J&J / 51 Tennessee Central Ry— 16 .... 114 ^ 65" 54"" A&O 1043* 104*4 A&O 1st consol gold 5s 1944-_-F&A Gen ref s f g 4s 53 opt '10 -J&J 10834 117 1103* 1183* 11134 1U34 1st M 6s 1947 ser A Term RR Assn (St Louis)— 1st gold 434s 1939- Terre Haute & Peor 5s 1942-M&S Texarkana & Ft Smith— 1st M 534s 1950 guar F&A 113 Texas City Term 6s 1941-J&J '26 Texas & N O con 5s 1943 J&J Texas & Pacific Ry— 1st gold 5s 2000 J&D 00 Gen & ref 5s 1977 ser B—A&O Gen & ref 5s 1979 ser C—A&O Gen & ref 5s 1980 ser D—J&D M&N Eq tr 5s 1937-1939 Eq tr 434s 1937-42 (yr) Eq tr 434S 1937-43 (yr) A&O F&A Equipment trust 4s Tex Pao-Mo Pac Term RR— 1st M g 534s 1964 M&S Toledo Canada Southern & Det— 1st 4s 1956 J&J Toledo & Ohio Central— Ref & imp M 3 **s ser A '60 J&D St Mary*s Div 1st 4s 1951F&A Toledo Peoria & Western RR— 1st M 6s 1952 J&J Toledo St Louis & Western— 1st gold 4s April 1 1950—A&O Tol Term 1st 4>4i *57 gu—M&N Tol Walhoudlng valley & Ohio 1st g gu 4s 1942 ser O M&S Toronto Hamilton & Buffalo— 1st gold 4s June 1 1946 J&D Consol M 434s 1966 ser A.F&A Transylvania RR 1st 5s 1956-J&J Tulsa Un Dep 1st 434* '59.-J&J 10134 124 Called Jan. ;; 70 Southern Pacific RR Cal— 10034 / This price includes accrued interest, 70 94 Salt Lake City Union Depot ft Basis. 94" 38 South Indiana 1st g 4s 1951 -_ F&A / 8534 10134 So Pacific Branch L 1st 6s'37A&0 106** 8t Paul Union Depot— 1st & ref 5s 1972 13?* 78 102 125 108 1123* 106 13 Southern 111 & Mo Bridge Co—1st Mg 4s 1951 M&N _ 111 13** South & North Alabama— Gen cons gug 5s 1963 _,__A&0 2.00% 1.00% 95. St L Peo & N W 5s 1948 / / / 74 100 5s '48, A&O Shamokin Sim bury & Lewisb'g— 108 2d ext'd 5s 1945J&J 88 Shrev Bdg & Ter 5s '55 gu F&A Sioux City & Pac 3 34s 1936—F&A / 35 65 Somerset Ry 1st & ref 4s '55--J&J 65 1st M 4s July 2 1950 J&J South Bound RR 1st 5s 1941 A&O / 4134 103 108 ' Riv & Gulf Div 4s 1933— B 35 Southern Railway—, 1st consol g 5s 1994 28 St Louis Iron Mt & Sou— / 1st ref g 4s 1955 opt 1910 325* Certificates of deposit.. 122*4 110* 1.25 ^40 !IH 0734 M&S / Rock Island-Frisco Term Ry- 126 2.50 100 203* 89 97?* 10334 1st coll tr 4s 1949 opt A&O / Rock Island Ark & Louisiana— Lawr & Adirond 5s 1996 2d gold 6s 1996 6 1st 434s 1980 ser C .M&S 103 Equipment trust 4 341— Equip trust 234s 1937-46—J&J 6 103 Perkiomen 1st 5s, 1938——Q-J 103 2d 5s, 1938. Q-J Phila & Bait Cent 4s 1951—M&N 10834 Phlla Bait & Washington— 113 1st gold 4s 1943 M&N 110 Gen 4a April 1 I960-—A&O 125 Gen 5s 1974 series B—F&A 117 Gen M 434® 1977 ser O— J&J 11534 Gen 434* series D 1981— J&D 103 Phila & Chester Val 4s 1938. A&O 101 68 108 / —J&J / f 1st guar 434s 1934 6 105 11234 1634 »W Coll tr g gu 4s 1943 opt--, J&D Rio Gr June 1st gu 5s 1939—J&D 1.00% 1.00% lKH 80 114 107*8 Mecklenburg— 4s Nov 1 1948 M&N 1153* 1634 10434 112 Richmond-Washington Co— 11634 / 106.12 100 St Johns & L Cham 5s 1944.M&S 98 ; 99?* 11134 Rich & Peters 434s 1940 A&O Richmond Term 1st 5s 1952.J&J 106** Atlanta-Birmingham Div— 1st g 4s May 1 1933 M&S Seab-All Florida Ry— 1st gu 6s 1935 series A F&A Certificates of deposit1st gu 6s 1935 ser B F&A Certificates of deposit Seaboard & Roanoke 5s 1931-J&J .... Eq 434s 1937-'45 (s-a)— M&N b 1.50 Equipment trust 5s Philadelphia & Reading RR— 1115* Imp M ext g 4s 1947--.A&O 1003* Cons ext gold 4s 1937—M&S 105 Extended 43*8 Oct 1 1943— 113 Term 5s g gu May 1 *41 Q&F Rensselaer & Saratoga— 112 6% g bds May 1 1941 M&N Rich Fredericksbg & Potomac— 109 Cons mtge 4 34b 1940 A&O 95" F&A '45—F&A Southern Pacific Co— Coll tr 4s (OP) Aug 1 11234 122 St Joseph & Grand Island— 1st gold 4s 1947 3.25 1.10 1.25 1.00% Raleigh & Augusta Air Line— 1st 5s 1931..: J&J / 70 Ral & Gaston 1st 5s g 1947 J&J / 80 106 Raritan River 1st g 5s 1939—J&J 109 Reading Belt 1st 4s 1950 M&S Reading Company— 102** Jer Cent 4s '51 opt *06—A&O 112 b 2.50% 3.50 M&N / 10834 b b 95 923* 1941-J&J 105 110 111 9634 87 St Clair Mad & St Louis BeltAlton Bridge 1st g 4s '51 10554 1025* 96 94 104 103 1153* 1223* 45 .... 121 Portsmouth Great Falls & Potomac Val 1st gu 5s g Prov Sec deb 4s 1957 gu 20 deposit Seacoast RR prior lien F&A t 105.6 37 103 11534 12534 16" 14 B—F&A tl05.6 10334 (Me) Term gu 4s 1961-J&J 11234 Guar 5s 1961 —J&J 1st g 105" 104 --— f Richmond & 1013* 104 1023* 107*4 107 1st M 6s 1953 series Rio Gr So 1st g 4s 1940- 106 10834 10134 1063* 106?* 125 123 122 Portl Gen & ref 4 34s 1997 ser A„ J&J Gen & ref 434s 1997 ser B.J&J 123 J&J 1065* 1st & ref g gu 4s '61 opt—J&J Pacific Coast Terminals Ltd— 1st M a f 63*s 1948 F&A / 13 Pac Fruit Express—See Sou Pac— Paris-Orleans extl 5Ks 1968 29 1133* 120*4 Ore RR & Nav cons 4s 1946-J&D Ore Short Line 1st 5s 1946—J&J 124 34 Port Arthur Canal & Dock—- Prov Ter 1st g 4s gu 1956—M&S Prov & Wore 1st 4s 1947--_A&0 1st mtge 434s 1947 M&S Ogdensburg & Lake Champlian— 1st guar g 4s 1948 J&J Ohio Connecting 4s 1943 M&S Certificates of 183* 17 21 18 Conway RR 434s 1937—J&D An.-Apr / 28 33 12 70 5s 1951 M&N Port Reading 1st gu 5s 1941—J&J 103 A&O Receiver ctfs 2-3 34s J&D J&D 1st 6s 1953 series A . 5% secured notes 1931 B—A&O 1st gen 5s 1974 series C 1st 4 34s series D 1977 114 12034 M&S Scioto Val & N E 1st 4s 1989M&N Stamped A&O Adj mtge 5s Oct 1 1949—F&A Ref gold 4s 1959 opt —A&O Certificates of deposit 1st & cons 6s 1945 ser A M&S Portland & Rumford Falls— 104 Gen g 3 3-10s 1953 J&D Northwestern Terminal RR— Norwich 105*4 11234 109*4 109*4 1.10% 1.50% 105?* No Ry of Cal 5s g gu 1938A&0 North Penna 1st 334s, 1953--J&J 1st M 5s 1977-.-- 89 „ 12434 12 (34 12234 1st gen 4s series A 1948—-J&D 1st M 5s 1962 series B F&A 111 112?* 10934 _ 115 A——J&D A&O 1123* 10834 Seaboard Air Line Ry Co— 1st gold 4s 1950 , C A&O 1950--A&O Joaquin Val— 1st g 5s 1942 .... 2634 102 Santa Fe Prescott & Phoenix— 114?* Eqtr 334S Apr 1 1937-1946 b Eq tr 234s 1937-1946J&D Pitts Young & Ashtabula— Northern Pacific— 9934 Ask 101*4 1st g 5s Oct 1 1940 112 1st g guar s f 5s 1942 J&J Pitts Va & Char gu 4s 1943.M&N Pitts & West Va Ry— 1st M 434s 1958 ser 1st M 434s 1959 ser 1st M 434s 1960 ser San Fran & San 11334 10534 J&D / f g 5s 1959 25 113*1 Pitts Shenango & Lake Erie— 1st gold 5s 1940 —A&O Cons 1st g 5s July 1 1943--J&J Pittsb Term RR & Coal— Northern Ohio Ry 1st guar 5s— ' s Bid San Fran Term 1st 4s 1113* 11334 F&A / 6% receivers' ctfs 1927 Pittsburgh & Shawmut— 20 122 J&J gold 5s 1947 434s series B 1942— A&O 43$s series C 1942 M&N 4s series D 1945 M&N 334s series E 1949 F&A 4s series F 1953—— J&D 4s series G 1957— M&N 4s series H 1960 F&A 434s series I 1963 —F&A 43is series J 1964 —M&N Gen M 5s 1970 ser A——_ J&D Gen M 5s 1975 ser B A&O Gen M 434s 1977 ser C—J&J Pitts Shawmut & Northern— 1st gold 5s 1949 F&A Gold 4s Feb 1 1952 F&A 1st Norf & W Ry 1st con 4s '96.A&0 Norrist'n & Maine 1st 4s '62 M&S Northern Central— 1 Gen & ref 5s 1974 ser Gen & ref g 4 34s ser A N Y 3s 1942 Reading RR—See "Readi ng Go." Philippine Railway— 1834 1st p 4s 1937 s f oPt gu—J&J Piedmont & Northern— * 105 1st 5s 1954-----J&J 1st mtge 3 **s 1966 J&O ; 9834 Pitts Bessemer & Lake Erie— Phila & Cons N Y Susq & Western— 1937 101 Pitts Cin Chic & St Louis— Con g gu 434s ser A 1940-A&O Bonds Salt Lake & Ogden 5s 1934San Antonio & Aransas Pass— 1st guar g 4s 1943 J&J Ask Bid Bonds Ask 44 34 2d mtge 4 34s 1937 Gen mtge. 5s g 1940 U interest" except where marked "f" and income and defaulted bonds near as possible for the closing day of the month preceding the date of issue Phila Newton & New York Ontario & Western— Ref 1st g 4s June 1992——M&S Stock trust ctfs 4s 1948 N Y Prov & Bos 4s 1942 N Y & Put 1st 4s g 1993 N Y Short Line 4s 1957 N Y & Stamford 4s 1958 ; bond prices are "and Quotations for all securities are as Income 4s Jan 1 1939 V1' :: BAILROAD BONDS Jan., 1937] 1st refunding 5s "••* 1 1 at 105, x Called Feb. 1 at 105. 12634 10534 10634 108 1.25 2.00 2.00 2.25 109 10834 9034 ,*:• mmmm 130 106 106?* 108?* 1.00% 1.50% 1.50% 16°5 10934 10634 108 10834 10034 10134 102?* 103** 11334 10234 11434 1103* 10734 101 69 103 .... 1083* 10234 72 72 RAILROAD BONDS NOTICE—All bond prices are "and interest" except where marked "f" and Income and defaulted bonds Quotations for all securities are as near as possible for the closing day Of the month preceding the date of issue Bid Bond* and Stocks Union Depot (Oolumbus, Gen 43*s 1046 Union Pacific— '.i Stocks _ 104 11534 10934 11334 10034 10034 36-year 33*s debs 1971—M&N 34-year 3ks debs 1970—A&O Eq tr 4 3*s <37-*38 (yr) M&N Eq 43*s Sept 16 '37-39.M&S15 Eqtr 6s 1937 (yr) M&Sj Union RR (Penn) 1st 5s *46_M&S 1053* 100 104 180 1 00 1.25 0.75% 1.00 120 130 0.50% 10734 1063* 126 11334 114 Augusta & Savannah (guar)..100 & Cumberland 7% gu 50 common 100 4% non-cum pref 100 Bangor & Aroostook com 50 7% preferred 100 Beech Creek (guar N Y C) 50 Belgian Nat Rys Co— 113] 113] 3 July 1914 coupon—J&J1934 1 234 July 1914 coupon off J&J / 4 Cash war & scrip ret No. 5 on 1 10534 Vermont Vail 1st 43*s 1940--A&O Vicksburg Bridge & Term Co— 43* 23 Vicksburg Shreveport & Pacific— 25 . 112 9434 preferred f0 prior preferred Stamped— 115 f ' 9834 Virginian Ry— 10634 1966-M&S Eqtr 43*s 1937-1940 (yr)—J&J b 1.50 Eqtr 5s 1937-1938 (yr)—M&N b 1.40 lit lien & ref 334s A 10634 1.00% 1.00% Wabash Railroad Co— 10334 9634 1033* 1939 M&N 1939 F&A Deb mtge 6s series B 1939-J&J '85 1st lien term gold 4s 1954-J&J Ref & gen 5348 1975 A—M&S / 3834 1st gold 5s 2d gold 5s Certificates of deposit 33*s 2000—F&A Wash Cent 4s Mar 1948 Washington Co Ry 1st 4.00% 4.00% 4.00% Mar Wash & Frankl Ry 1st 5s '39-J&J Wash Term Co—334s 1945--F&A 1945 guar F&A Washington & Vandemere— 1st 434s 1947 .—F&A West Shore 1st 4s 2361 , J&J k :M©|f Gen mtge gold 4s 1943 A&O Western Pacific RR Corp— ' 1st M 5s 1946 series A M&S - PSlf 5s 35 41 11034 413* 2 147 , 8 1946 934 10 8% class B 100 7% class C 100 10% class D 100 434 % class E 100 6 % non-cum pref stamped- -100 Bost & Prov (guar Old Col) 100 Camden & Burl Co (guar) 25 pref pref pref pref 1034 36 Canada Southern... 100 Canadian Pacific 25 Oar Olinchfield & O com 4%-100 Common stamped 5% 100 Catawissa RR—1st pref (guar) .50 2d pref (guar P&R) 50 11034 100 10034 107 1.75% 1.75% 10034 11134 234 5% non-cum preferred .100 Chicago & North Western 100 7% non-cum preferred 100 Chic R I & Pacific common 100 7% preferred 100 6% preferred j 100 Cin New Orl & Texas Pacific.-100 Preferred. 100 Cincinnati Sandusky & Cleveland non-cum preferred—.—50 Cin Union Term 5% pref 100 Cleve Cine Chicago & St L—100 5% non-cum 5 l!" 634 400 77 112 203 Conn & 2034 100 100 Passumpslc pref 25 •_: 27 ll2 Consol Rys of Cuba o% pref-100 Cuba RR 6% non-cum pref__100 1034 1654 46 1st & ref 4s 1959 —A&O Sup & Dul Div 4s 1936—M&N Certificates of deposit MarshfieJd : & (guar) 50 Preferred (guar O H & D)— 50 Delaware & Bound Br (guar)-100 S'eastern div 1133* .. brn~m 103* 108 633* 1033* 25 10534 903* 103 112 98 115 ——100 6% preferred 23 3434 233* 1934 22 56 60 Hudson & Manhattan._.—100 5% rwh-cum preferred 100 Illinois General 100 Non-cum 6 % pref series A—100 Loased lines (guar) 100 Stk tr ctfs—See RR Securs Co Internat Rys (Cent Am) com..* 38 Joliet & Chic (guar O & B* 30 333* 33 4s 2534 Yonkers Ry see "P U" bonds— Yosemite Vail s f g 5s 1936-.J&J 37 - 5% non-cum preferred 100 Duluth South Snore & Atl—-100 6% non-cum preferred--—100 East Penna (guar P & R) 50 Eimira & W'msport (guar)— 50 Preferred (guar Nor Cent)- 50 Erie—Common ...100 4% non-cum 1st preferred—100 4% non-cum 2d preferred—100 Erie & Kalamazoo (guar).— 50 Erie & Pitts (guar Pa RR)— 50 Ft Wayne & Jack pref (guar)-100 Georgia RR & Bank Co (gu)-l00 Great Northern Ry— Iron Ore Prop trust ctfs-...—♦ Preferred (capital stock—.-_* Green Bay & Western 100 Gulf Mobile & Northern com.100 ... 113 116 103 209 Delaware & Hudson Co 40 1951 M&N Wore & Conn E 434s 1943—J&J . com Kal Allegan & Gr Rap K O St L & Chic—Pref 8 22 1 2 —100 A)—100 (gu)—100 (gu)—100 Kansas City Southern —100 4 % non-cum preferred——100 58" 80 1434 273* 2234 77 •;80 95 203 ♦ No par value. $100 face amount, V b Basis. II* 62 75 105 120 70 23 69 58 60 403* 125 5 100 34 86 81 100 com 5% preferred.— 5% prior preferred 100 100 Phila Germ & Norris (guar) 50 Phila & Trenton (gu Pa RR)_100 153 280 Piedmont & Northern 63 50 100 100 7 % conv pref (guar Pa RR).100 Pittsburgh & Lake Erie 50 Pittsburgh & West Vriginia 100 Pitts Youngs & Ashta 7% pref 100 Portland & Ogdensburg ... ...100 43 84 119 173 190 883* 333* 177 23 122 J4 % 111 Cent stk ctf 1952—1000 Reading Co 4% 1534 413* 50 1st pref 50 4% non-cum 2d pref 50 Rensselaer & Saratoga (guar). 100 non-cum 48 423* 100 Rich Fred & Potom—com...100 Dividend obligations.... 100 6% guaranteed 100 7% guaranteed —100 Roch & Genesee Val RR ...100 Rome & Clint (gu D & H)—100 Rutland 7% preferred 100 St Louis Bridge 1st pref.....100 2d preferred100 St Louis-San Francisco Ry...100 6% non-cum preferred 100 St Louis Southwestern 100 5% non-cum preferred 100 Saratoga & Schenectady (gu).100 Schuylkill Valley Nav & RR „ 98 99 1013* 161 195 90 83 8 148 75 3 63* 133% ,283* 122 60 __ 4-2% non-cum preferred-—100 Sharon 50 100 —100 6% non-cum preferred 100 Mob & Ohio stk tr ctfs 100 Southwestern of Ga (guar)...100 Tennessee Central— » Preferred .100 Texas & Pacific 100 i! Southern Pacific Go Southern Ry common Tunnel RR of St Louis 100 Union Pacific—Common.....100 52 United N J RR & Canal (gu).100 434 1234 2334 4634 70 9 533* 25 51 533* 95 AW* 100 42 60 4% non-cum preferred 100 148 12634 9754 252 Utica Chen & Susq Val (gu)-100 Binghamton.100 Valley RR (N Y) (guar) 100 Vermont & Mass (guar) ...100 Vicksb Shrevep & Pac com 100 91 85 Utica Clinton & 5% non-cum preferred -100 Virginian Ry common.......100 6% cum preferred 100 Wabash 'Ry ..100 5 % non-cum preferred A. 100 5% non-cum conv pref B—100 Warren N J (guar D L & W)_ 50 101 131 84 85 143 129 334 934 .. 101" 118 „21 45 1834 per & Eastern Marquette Ry 4334 6234 1334 79 $ Quotations represent dollars Peoria Pore 2034 Lehigh Valley.—.——— 50 Preferred......—........ 50 Ex-dividend. 101 110 Troy & Gr'bush (gu N Y O).. 50 Lackawanna RR of N J——100 x 161 Seaboard Air Line common....* 7 Com vot trust ctfs—-—— 5% preferred Pennsylv (gu P & R).. 50 112 Oswego & Syrac (gu D L & W) 50 Passaic & Del Ext 100 Paterson & Hudson River.... 50 Pennsylvania RR 50 Pennroad Corp v t c 1 Peoria & Bureau Val (guar) 100 _ - Oolumbus & Xenia (guar) Eastern— 5s 1938 —J&D Wilmington & Newborn— 1st gold 4fl Wilmington & Nor 43*s *77—J&D Gen 5s Aug 1 1982 F&A Wilmington Ry Bdge 5s '43.A&0 Winston-Salem Southbound— 1st gold guar 4s 1960 J&J Winston-Salem Term 5s '66-A&O Wisconsin Central Ry— 1st gen g 4s 1949 J&J < Certificates of deposit-- pref No Carolina (guar Sou RRJ..100 non-cum Prov & Worcester (guar) Railroad Securities Co— 113* 1st guar g 266 Preferred Pitts Gin Chic & St Louis Pitts Ft W & Ohic com (gu) Denv & Rio Gr West 6% pref-100 Detroit Hills & S W (guar)—100 Detroit & Mackinac Ry 100 F&A / 2 100 100 Pittsburgh Bess & Lake Erie— 50 preferred 100 RR) 7%-50 50 Colorado & Southern 4 100 6 49 — Adjust 4% 83 ...100 2 Cleve & Pitts (gu Pa Guar 4% 4% 1st non-cum preferred-.100 4% 2d non-cum preferred--100 50 3634 til Common 6% 10534 734 100 Delaware Lack & Western— 50 Delaware 25 6s 1939 Will mar & Sioux Falls— 15 preferred 100 common 4% non-cum preferred Chic Milw St P & Pacific66 9934 61 : 100 conv 9 68 ...... 106 1942—.—J&D Scranton Ry— 11938 Willamette Val Southern Ry— 100 130 99 6 50 .100 434 common Wheeling & Lake Erie RR— Ref mtge. 4s ser D 1966-.M&S 43*s 1941 opt—.M&N 1283* 10 % non-cum preferred N Y Lack & West (guar) N Y New Haven & Hartf 100 & W) .30 4134 N Y Chic & St Louis com.. 100 6 % preferred series A 100 N Y & Harlem com (gu) — 50 Chic Ind & Louisv Jersey 15 * 36 Central of New 130 ..100 ..100 York Central RR 81 Cayuga & Susq (gu D L \'£&S 1st ggu preferred--100 57 57" Dayton & Mich Wilkes-Barre & 1st guar g 5s Wllkes-Barre & 1st 434s May 2d 5% non-cum New London Northern New Orl Texas & Mexico Northern Cent (guar Pa RR). 60 North'n N H (guar B & M)—100 Northern Pacific Ry ,..100 North RR of N J (guar Erie) .100 Northern Securities Go stubs 15" 103 95 1st 5s 1980 —J& Wichita Falls & Sou 1st 6s '38 J&J Wichita Union Terminal Ry— Morris & Essex (guar) 50 Mount Carbon & Port Carbon. Nashv Ohatt & St Louis... 100 National Rys of Mexico— 1st 4% non-cum pref 100 115'" b 4.50 Equipment trust 5s Eqtr 534s 1936-'38 (yr)—J&D 6 4 .50 23*8 trustees ctfs Dec. 1 1938— 10034 Wheeling Term 4s 1940 F&A White & Black River Valley— 100 4% non-cum preferred 100 Mobile & Ohio—See Southern Ry 7% Western Pocahontas 434s 1945-_ Western Ry of Ala 434s *58—A&O Vy:.k, 5% conv preferred Mobile & Birmingham— N Y Ontario & Western Norfolk Southern Norfolk & Western Ry i'fVrV •.-■'i com.. Chicago Burl & Quincy 100 Chic & East Illinois common-100 6% preferred 100 Chicago Great Western com. .100 4% preferred 100 36 39 94 11234 1073* * 100 100 3934 38 •363* 1st consol gold 4s 1949—-M&S Missouri Pacific New 3734 100 7% preferred series A 15 17 100 com Chestnut Hill 9734 lioli 4 % leased line ctfs Mississippi Central Mo-Kan-Texas RR Norwich & Worcester pref 100 Ogden Mine RR (gu On N J). 100 Old Colony (gu NYNH&H).. 100 _ Assented 76 m 9734 Western Maryland 4s 1952-A&0 10534 1st & ref 53*s 1977 ser A..J&J 10634 b 2.25 Equipment trust 434s b 2.25 Equipment trust 5s West N Y & Penna 5s 1937—J&J Schuyl Hav (gu)_. 50 & St Louis 100 100 7 % non-cum preferred 100 37 West Virginia & Pittsburgh— 1st g s f 4s 1990 A&O West Fruit Exp—See Gr Nor & Minneapolis St P & S S M 39 99 J&J Registered Minehill 4534 100 Chesapeake Corp Chesapeake & Ohio 112 1st gold 4s Mill Creek & Minehill Navig 100 ♦ 25 99 64 1063* 11034 J&J 1st 1st 1st 1st 1200 50 50 47"" Minneapolis ...100 class A 7i g guar 334s Jan 1954 opt 1924 Common 1st pref 5% 12 3834 100 Prrferred North 80 3834 3434 7734 10234 gen 5s 1980 ser D._A&0 Certificates of deposit Ref & g 8834 3934 32 Certificates of deposit ! 97 40 I 4.75* Equipment trust 53*s b 4.75 Equipment trust 5s Eqtr 4J*s 1937-43 (yr)—A&O 6 4.75 102 Det & Chic ext 1st g 5s *41-J&J 76 Des M Div 1st g 4s 1939--J&J 97 3* Toledo & CJbic 4s g 1941—M&S 6734 Omaha Div. 1st 33*s g '41-A&0 Wabash Railway Co— 3834 Ref & gen 5s 1976 ser B—F&A Certificates of deposit i Ref & 37 gen 43*s 1978 ser O.A&O Warren 1st ref Michigan General Middi .n«l ValJey common.. 182 .100 100 non-cum Central Preferred 101 . 104 60 100 100 72 10234 1st pref 5< rn class A ...100 1st pref 8< i class B 100 1st pref 7' & class O 100 1st pref 1( % class D_. 100 1st pref 434 % class E .^100 71 120 100 96 Boston & Alb (guar NY O)—100 Boston & Maine common. 100 109 50 Maasa^ippi Valloy 2134 106 Pr lien 6s *15ext 5% '40—M&N Gen 5s May 1 1941 M&N Va & Southwest 5s 2003 J&J 1st cons g 5s 1958-.—--.A&O Maine 4234 Unstamped- 69 f 6s 1958 M&S Debenture s f 7s 1948----M&S 47 American shares par tic pref— Bellefonte Central 50 1st guaranteed 43*s— Ask 20 Mahoning Coal RR Pref (guar L S & M 8) 112 / Bid Lykeus Valley RR & Coal Bait 10134 s 434 4534 46 Baltimore & Ohio 126 109 4s 1955 series A—F&A M&N Vicksburg-gu Atlanta & West Point 100 Atlantic Coast L Co of Conn__50 Atlantic Coast L RR com 100 „ Series B 1957 Vera Cruz & Pacific RR— 89 Alabama & Par Little Miami original guar 60 Spec guar betterment stk.. 50 Lit Schuyl Nav RR & Ooal(gu) 50 Louis & Mo Riv pref (guar).. 100 Louisville & Nashville 100 76 50 50 Albany & Susquehanna (gu).-100 Alleghany Corp common * 53* % pref (with $30 warr)-100 53* % pref (without warr)__100 534 % pref (with $40 warr)_100 234 % prior conv pref * Allegheny & West (6% guar)_100 Atchison Topeka & Santa Fe.100 5% non-cum pref ..100 Atlanta Birm & Coast pref 100 Atlan & Char Air L (guar) 100 116 101 b 1st g 5s 1942 opt 1922 A&O United N J RR & Canal Co— 1st 43*s Sept 1 1979 M&S General gold 4s 1944 M&S 1st 4s Sept 1 1948 M&S 1st 4^s Feb 1 1973 F&A Gen 1st g 3 Hs 1951 M&S Utica Clin & King 5s 1939—J& J Vandalia RR— 1st M Stocks Ask 109 b Deb 6s 1946 M&S Union Terminal Co (Dallas)— * Bid 115 1003* 0.50% b - - - Cons g Par STOCKS A1 Great Southern com Preferred 1st ry & land gr 4s g 1947—J&J 1st & ref 4s June 2008 M&S 1st & ref 6s June 2 2008--M&S i' Ask RAILROAD Ohio) J&J West 3 50 67 Jersey & Seashore (gu). 50 Maryland Ry com..100 1st preferred 100 4% non-cum 2d_pref ..100 Western Pacific RR Corp 100 6% non-cum preferred.—100 Wheeling & Lake Erie Ry ..100 53* % cum-conv preferred—100 Western /This includes accrued interest, 95 1534 234 70 113 k Last sale, n Nominal. NOTICE—All \ bond prices are Quotations for all securities Stocks and Bonds Par Bid Per Administered Fund 2d inc Affiliated Fund com Air Investors Inc v t — * Convertible preferred Warrants 20.50 11.78 3% 3H 27; 08X Aldred Investment Corp (Can)Deb 4 Ms with com shs 1968 Alliance Investment com General X 10c S3 preferred $5.60 prior pref * American & Continental Corp... Amer Elec Sec partic pref.—...1 American European Secur * Coll tr s f 5s 1958 ser A J&J American General Corp ..10c $2 preferred ...........1 $2M preferred Amer General Equities Ins...... Amer ex Holding Corp ....* Amer Insuranstocks Corp......* Amer Investment (111)......—* Convertible preferred ..25 7% preferred 25 8% preferred 25 Amer Investors Inc com ..1 Preferred Associates Investment * 5% preferred w w 10-year deb 3s 1946 —J&D Associated Stand. Oil Shs Atlantic & Pac Int. com w w * Preferred w w 50 Atlantic Secur 4hsA 1953.A&0 llu i!8 y* 40 "76 37.76 24M 100 5.05 75 UX : f3X Independence Trust Shares * Institutional Securities Ltd- ¥.43 1.92 Utility Invest— Deb g 5s Jan 1949 —F&A Deb g 6s 1940 B with war—J&J Insuranshares Co of Delaware--1 Insuranshares (Md) ctfs Inc .1 5X V, Unstamped Spanish & Gen Corp LtdAm dep rets ord reg Amer dep rets ord bearer Spencer Trask Fund Inc 5X IX 5X 2X * 53 52 ..100 1947—J&D Interstate Equity common 1 $3 convertible pref A * Investment Bond & Share— 5s series A 1947 J&D Investment Co of Am— 102 V : i $5.50 preferred w w * Deb 5 Ms 1939 F&A 15 Standard Oil Trust Shares A 1X ... Class B Standard Utilities Inc State St Investment Corp 46 Sterling Securities 27*63 11*11 28.87 30.63 18.51 99 50M 3M 3 V*. 95 109 ■ >: . 11X 5.15 ............... 8.60 Dividend Shares 25c Domestic & Foreign Investors— Deb 5 Ms 1947—... F&A / Eastern Utilities Investing. Corp— —-M&S 15 f 2.01 61 48 Economic Inv Tr Ltd 5sA'57M&N 5X 96 X 35.77 2X 53 51 101 Elec y 2.16 Shareholdings Corp com 1 $6 conv pref with warr ..* Equitable Invest Tr (Mass) 5 „ 40 ........ ..... x 5 4.25 28.61 46 6 96M 38.43 2X 43 5X 4.70 30.52 46 M f Called March 1 at 102M. 2 09 5c K * * deb i .8 2X * Trustee Stand Invest J&J ser O Trustee Standard Oil shares A... Series B Union Amer Invest Corp— Common stamped Warrants expire 1941. Union Investing Co— W fill? — - Conv deb 5s 1946 M&S United N Y Bank Shares C3 United N Y Trust Shares ser F lOOM U S Banking Corp ..* S Elec Light & Pow tr ctf A Trust ctfs series B—.......... U 85 13 11 5% Voting trust ctfs 99 99 13 3X U. S. & International ox Utility Equities Corp 8X m mm mm mm mm mm mm - 13 X 9 98 100 98 100 Pacific Investing Corp— Deb 5s 1948 without warr.. J&J k 101X ...... U S & Foreign Securities com..* $6 1st preferred * ... 1st pref with Debenture 4 Ms Feb 1 1947 Debenture 4Mb Dec 15 1952 Old Colony Trust Assoc.. Overseas Securities Co.... * Deb 5s Nov 1 1947 M&N Deb 5s April 1 1948 A&O 1953 Class D —5 14M $6 cum preferred-. * 97 North American Bond Trust Otfis. 64 X North American Invest Corp— 5s 1947 M&S $ 102M Collateral 4s 1951 100 x J&D North American Trust Shares— 1953..... 2.86 1955. ...................... 3.66 1956 1958 3.38 Northern Securities.........100 75 Oils & Industries com... 11 l Preferred Oklahoma County Trust... Old Colony Invest Trust— Common conv 4.88 Trusteed Amer Bank Shares B 2 23 Trusteed Industry Shares .... 12c Trustee N Y Bank Shares-—.... 3X 103 B common a ...... Tri-Continental Corp 6% cum preferred— Warrants 5s Niagara Share Corp (Md)— Conv deb 5Ms 1950 M&N $ Called Feb. 1 at 102. ..... Supervised Shares Third National Investors..—..1 ...... New Jersey Bankers Securities—* N Y Bank Trust Shares „ —..... Class D Remodified 7% cum preferred ...100 Cumulative Trust Shares.......* Deposited Insur Shs. ser A..... Series B_. Deposited Bank Shs N Y ser A— Diversified Trustee Shares SB ... Class BB 100 52M $5.50 preferred Warrants National Trust Shares— 37 X * Class O Nat Bond & Share Corp ——* National Investors.....—.._..* 33 X 80c * —50 * * Class B 31X % ¥.85 * Super Corp of Amer class A Class AA.. 10.16 ———— ... Preferred 5 3X 1.14 * A $1.20 preferred $3 cum conv 1st pref Sun Investing Corp com Unstamped 16.19 16.81 * common Common B 15.87 4 1 .... 90 2 5" 2 5 ........ £1 £1 * Standard Amer Trust Shares Standard Investing Corp com..* Internat'1 Secur Corp Amer— 100 -M&S 1942 1 5s March 1 1952 M&S Shenandoah Corp common-. 1 $3 convertible preferred 25 Southern Corp stamped 1.89 6X preferred 6% preferred Debenture 5s * ......—* — ........ Shares Nation "Wide Securities Co Voting trust ctfs_, $5.50 prior stock 16.19 — Conv preferred Allotment certificates Shawmut Bank Inv Trust— 4Mb Mar Insurance Group Shares Holdings & Inv 1 Selective Income Shares Selected Industries com 9X Larkins Warr Trust ACQ (modified) Crum & Forater Inc com......10 8% preferred ..100 Crum & Forster Insursh B.—..10 No par value, 25 70 X 1.38 Keystone Custodian Fund B-3 — 10 2X * OX 102 X Selected Amer Shares Inc newSelected Cumulative Shares——. 20 .* ...* International 1 Common % :> * * Major Shares Corp Maryland Fund Inc Massachusetts Investors Trust 1 Mutual Investment Trust National Bond & Invest com * 5% preferred ser A w w 100 Accumulative series. * 1 1948 Insull < $5 conv preferred * Securities Co of New Jersey— 5 Ms series 2 Oct 1937 — 5s series 3 Dec 1937 6s series 4 Nov 1942 Securities Corp General com...* $6 preferred * Selected American Shares 1.29 .10 Investment Trust of N Y coll A— Investors Fund of America Series O new Investors Royalty 1 AA (modified) .... Common stock 1.86 Bank Group * 8&X 1.92 com < $6 preferred —_* Royalties Management A...—.1 Schoellkopf Hutton and 1.96 Pomeroy Inc common 1.58 Second Internat Security— 2.39 Debenture 5s 1948 F&A 1.82 Second Nat Inv Corp— 85X 1.62 $6 preferred $3 preferred-.., $7 preferred Debenture 5s series A 23 X 112 Reynolds Invest 5s 1948...-A&O 68* Common ..... Preferred Reliance Mgt Corp 5s *54 F&A Representative Trust Shares Republic Investors Fund-- 4* m .......... Hydro Elec Sec com Incorporated Investors * ..... 7.72 7;-- 20.62 Preferred Reliance Internat Corp com A 10c ""*32 Huron Holding Corp.. Continental Secur Corp com * 5% preferred 100 Debenture 5s May 1 1942 Continental Shares 6% pref. .100 Corp Secure 5% notes 1935.M&8 Corporate Trust shares old series. First Boston Corp.... 83 1.17 1.76 1.61 1.92 Guardian Investors Convertible preferred ....* Securities com... 100 Preferred 100 Commonwealth Securs common.. Preferred Consolidated Funds Corp class A Consolidated Invest Trust com.. .... IX Tobacco Shares. Christiana _ 102 Railroad Equipment Shares 8M Prudential Investors ...... 40 —.... Equity Corp common— ...10c $3 conv preferred Equity Shares Equity Trust Shares in Amer Fidelity Fund. Inc * ,,5.90 '12% 104 X Steel Shares 52X * 10 10c * - Plymouth Fund Inc 26.52 Petroleum Shares— 106 100 * * $6 preferred * 725 Pub Util Investing 5s 1948-A&0 Pub Util Sec 7% preferred * 12]4 Quarterly Income Shares New— 105 Railway & Light Securities com.* Conv coll tr 4Mb series "11" 103 1955 A&O IX 100 Railway & Util Invest A 1 6.48 ........... ........ Deb 5s 1954 £8 Investing shares............. Merchandising Shares........ Mining Shares—............ Capital Administration cl A ..1 Class B ..._...._* $3 cum pref series A. ...10 Carey Trust Central Nat Corp class A „ 5.65 ... A&O Ask ._* ......... Phoenix Sec Corp $3 conv pref class A 69 46M Chemical Shares............. Food Shares 5 Warrants 67 5.35 Building Shares.......—..... Broad St. Invest Co Inc.—..... Bullock Fund Ltd 1 Canadian Internat Inv Trust— 5s series A 1959 A&O Canadian Investment Fund, Ltd Canadian Pow & Pap Invest LtdDeb 5s series A1958 F&A B shares C shares D shares 1 ———..* Class B Automobile Shares......... 50 6% preferred... —50 Basic Industry Shares ...» British Type Investors class A..1 _ $6 preferred $3 prior preferred Warrants Corp Corp 4 Ms 1959 Group Securities, Inc— Agricultural Shares Bankers Sec Corp com ...... Investment ment 6% preferred ..........50 Option warrants. Bancamerica-Blair Corp Bankers Nat Investing com * AA- * - Bid Par Pacific Southern Invest pref Class A Great Brit & Canada Invest¬ .......... Class B__ 1 $6 pref (with warrants)-—...* German Credit & Investment— Pref allot ctf 25% 1st pref--* Gleneagles Invest 5s June 15 1944 10c ..* bonds Stocks and Bonds Ask 13.60 General Investors Trust ...1 Gen'l Realty & Utilities corn....1 50c defaulted share 11.25 Investors Inc Fundamental Class B F&A Century Shares-Trust Chicago Corporation * ...* — American Investors—1 $6 preferred w w —* Deb 5s Feb 1 1952 without warr Common....._———*—* $6 preferred * Atlas Corp new com Series B Foreign Power Secur Corp— 1st coll tr conv 6s A 1949--J&D General $3 convertible preferred * Amer Bankstocks Corp * American British & Continental— Class B Fixed Trust Shares series A — *, Bid Per Fundamental Trust Shares Inc— Class A 5s A with warr 1949 J&J Allied Int Investing Corp com—* Deb g 5s 1953 Amer Business Shares.... Amer Capital Corp A Par Foundation Trust Shares A Fourth Nat'l Investors w w ... Aldred Invest Trust (Mass)Deb 4Ms with com shs 1967 and income and possible for the closing day of the month preceding the date of issue Stocks and Bonds Ask 19.30 .* * . interest" except where marked share 10.80 c "and are as near as Sec warrants .... 5 7 Conv preferred si* Utility & Industrial Corp. Convertible preferred Wellington Fund Western Reserve Investing— Deb 5 Ms 1944- 22.40 F&A 101X mmm-mmrn Called Feb. 1 at 104^. /Flat price, k Last sale. » Nominal. xEx-div Utilities Public (Include* eereet and electric railways. gas. electric power, water, telegraph, telephone and bridge companlea.) bond prices are "and interest" except where marked "f" Quotations for all securities are as near as possible for the closing day of the NOTICE—All Electric Oo (Italy)— A&O 80 105 99 Atl Beach 102 Alabama Power 1st 5s 1946-M&S 1st & ref 5s 1951 1st &ref 5s 1956 J&J M&N 104 M 103 1st & ref 4Ms 1967 J&D 1st & ref 5s 1968 M&S Alabama Water Service Co— 1st M 5s 1957 ser A J&J 92 M 97 92 % 97 M 101M 102 M s f 7s 1952 1951-F&A 108M 104 Altoona & Logan Val Elec 1st coll 4s Jan 1 1954 Amarillo Gas 6s Amer Commonwealths 88 F&A / M&N / Conv deb 6s 1940 M&S / Am Community Pow 5Ms '53 J&J f f Certificates of deposit Amer Elec Pow deb 6s '57 M&S15 f Amer & Foreign Power Co— Deb g 5s Fuel 90 92 2030 & 81 10% 107% 48M 54 102 69M 52 M 54 90 Certificates of deposits f 6s 1938 J&D f 90 90% 90% 27 29 Deb 111M 112M M&N J&J 35-yr deb 5s 1965 F&A 25-year deb 3 Ms 1961 A&O 30-year dob 3 Ms 1966 J&D American Toll Bridge— 5Ms ser A. B & C 1937-38-F&A 5 Ms series D, 1945 F&A 111# 102# 102 M 104 M 104 / M&N / 102 M 102 M 105 105 48 48 84 Amer Water Works & Electric— 1092* ._M&N Deb 5s 1975 ser B J&D Ana&Pot R RR-See WashRy&El Anchorage Lt & Pow 7-5s'43 F&A ser Bell Telephone of Canada— 1st g 5s 1955 ser A A 103 110# 103 M 72 74 54 M 55M Androscoggin & Kennebec Ry— M&S 1st 6s 1940 46 Androscoggin W Pow 6s '45-F&A Appalachian Elec Power— 107 M 119# Appalachian Power 5s 1941—J&D Deb gold 6s 2024 J&J Ardmore St Ry—See Phila Co 105 106 120 % 88 95 89 J&J A&O J&J 1 40 Income 6s 1960 A&O / 41 102 M Arizona Power 5s 1950 F&A 98 M 1st & ref 4Ms 1950 F&A Arkansas El & Wat 6s 1944-F&A /ll 101M Ark Louisiana Gas 4s 1951—J&J Ark & Mo Pow 1st 6s 1953—J&J / 87 Deb 6 Ms 1935 M&N / 49 1st s f 7s 1953 J&J f 87 103 M Arkansas P & L 1st 5s 1956-A&0 91 Ark West Gas 1st 5s w w *39. J&J Arizona Ed 1st 5s 1948 1st 6s 1945 Income 5s 1960 Ashland L & Pow & St Ry— 1st M gold 5s 1939 J&J Ashtabula Water 5s 1958—A&O Assoc Elect 4 Ms 1953 J&J 104 M 91 41 42 103 M 99 M 13 104 92 M 105# 103 H Berlin City Elect 6Ms Sink fund deb 6 Ms 21M 21# 21M 1951--J&D 1959—F&A Deb 6s Apr 1.1955— A&O Berlin Elec Elev & Underg Rys— 1st mtge s f 6Ms 1956 A&O / Binghamton (N Y) Gas Works A&O Binghamton (N Y) L H & P— 1st ref 5s Feb 1946 A&O Birmingham Elec 4Ms 1968-M&S Birmingham Gas 1st 5s '59-M&N 6% notes extended 1938--A&O Birmingham Water Works Co— 1st m 5Ms 1954 ser A A&O 1st m 5s 1954 ser J&D F&A B M & coll tr 4s ser O *65-—M&N St&FulFy-See NY Rys Bloomington Dec & Champagne 1st & ref 5s 1940 M&N Income deb 4s 1978 Income deb 3 Ms A&O 1978 M&N M&S British Col Power 5Ms 5s series B 1960 J&J 1960M&S —M&S Sinking fund 4-5s 1986 Sinking fund 4M-5Ms 1986 Sinking fund 5-6s 1986 Sinking fund 5M-6Ms 1986 Corp participating 8s '40-M&S Associated Pub Utilities 1st lien 5s 1947 m 52 M 47 44 41M 47 H 56 M 61# 67 M J&J 102 M Deb 6s series A 1958 M&N Associated Telep Co Ltd— 1st M 4s series B 1965 Associated Telep & Teleg J&J 78 70 103 108 M 80 73 108# Co— Deb 5Ms 1955 ser A__„M&N Assoc Telep Util deb 5s 1942A&O Certificates of deposit Conv deb 6s 1941 M&S Certificates of deposit Conv deb 5 Ms 1944 ser C.M&N 87 # 44 44 83 46 43 M 43 M 45# 46 .a* 44 Certificates of deposit. 44 46 2-yr 6% notes 1933 A&O / 111M Certificates of deposit. fink Athens (Ga) Ry & Electric— 1st & ref s f g 5s 1950 106 M J&J Atl Cons St RR—See Ga Ry & El Atlanta Gas L 5s g 1947.. —J&D Gen v * mtge 4Ms 1955 ...M&S Called Jan. 1 at 110. 105 69 M Debenture 5s J&J f 1944 See f Internat Burlington (Vt) G L 5s 1955.-J&J Butler Water 5s 1957 A A&O Butte El & P 1st s f 58 1951—J&D Calgary Power 1st 5s i960—A&O 1st s f 5s 1964— J&D California Gas & Elec Corp— / 101K 1st mtge 3#s ser B 1966--F&A Central West Public Service Co— 1st 1 coll 5 Ms 1956 ser A.-M&N / 70 23 1933 M&N / 70 —J&D / 70 Charleston Cons Ry Gas & El Consol gold 5s 1999M&S Gen & adj 5s 1942 M&S Coll trust 5s notes 1942_—M&S 106 M 107 _ io5m 105 105 k 103# 103 M 101 101M 101M 101# 65"" 100 102 M&N 86 105M 106M Chic Aurora & Elgin RR— 1st & ref 6s 1951 M&S 103X 104M J&J / 8M Chicago City & Connecting Ry Coll tr s f g 5s Jan 1,1927. A&O / / Certificates of deposit 23 J* 23 M Chicago City Ry— 1st 5s (15% paid) 1927—F&A Certificates of deposit Chic Dist Elec Generating— 104 M 1st M 4Ms 1970 ...M&S 1st 6s series B 1961M&N k 104% ' 101% 103 # Chic Gas L&C see 100M 1st & ref 5 Ms 1956 81 red and pay Aug Certificates of 122 M 107 M 105 M 107 112# Ry. 110 92 103 M 104 M 105 M California-Oregon Power— Deb gold 5#s 1942 ..A&O 1st mtge 4s 1966 A&O 100M 100 M 81M 105 105# 10 5 5 80) 80) 32 16 20 Certificates of deposit... Chicago Rapid Transit Co— 1st & ref 6Ms 1944 J&J Certificates of deposit 1st & ref 6s 1953 ser A_ J&J Certificates of deposit Adjust deb 6s July, 1963—J&J Certificate of deposit 16 20 9) 9) 10 10 9) 9) J&D 105M 1st mtge 3 Ms 1966 F&A Cin Newport & Cov L & T— 1st ref 6s 1947 series A..—J&J 103# Chippewa Power 6s 1947 H6M 97 M 81M 32 J&D Certificates of deposit Adj inc 4s Feb 1927 opt--May 108 M 109 8 4M 4)1 Certificates of deposit Pur mon 4-5s Feb '27 opt-J&J 105M 107 M 106 M 1, 1933 _ -F&A deposit Certificates of deposit Series B Feb, 1927 109"" 105M J&J f J&J / A&O / Cons M 58 ser A Feb '27- -A&O 60# 122 f Chicago Railways Co— 1st 5s 1927 stpd as to 25% pt 108# 60 9M 24 24 Peoples G L&C 1st mtge gold 5s 1936 1st & ref 6s 1955 ser A 93# 88 Chic North Shore & Milw RR— 94 96M 58 80 0 0 oo sss; „ 105M 114M 72 72 72 Chester Water Service Co— 1st 4 Ms 1958 series A 131# 108# 102 M _ 99# 78 M 113# 108 M 60 25 70 / Chattanooga Ry & Light— 1st & ref g 5s 1956 op '16.M&N Chatt Rys 1st cons 5s '56-M&N 99# 73 110H Charleston Transit Co— 1st 5s 1942 .—M&S 1:1052 106M 99# 72% 58 20 69 Cent Vermont Public Serv Corp Unif & ref g 5s '37 op s f—M&N Calif Water Serv 4s B 1961-M&N 105 74M 68M 68M Cent States Utilities 6s 1938-J&J 115 98 If Central States Elec Corp— Conv deb 5s 1948 J&J Deb 5Ms 1954 M&S 15 5s series C 105„ 8 7K 7k 73 Ches & Pot Tel of Va 5s '43 M&N M&N M&N Coll trust 3s 1940— M&N Coll trust 3s 1941 —M&N Coll tr series 3 Ms 1942—M&N Coll trust series 3 Ms 1951 _M&N Brooklyn City & Newtown RR— 5s 1939 J&J Brooklyn Queens Co & Sub— 1st m g 5s 1941 (stpd) J&J 1st con 5s July '41 (stp) M&N Bklyn Un Elev 5s 1950-—-F&A Kings Co El 1st 4s 1949-..F&A Nassau Elec 1st g 4s 1951--J&J Bklyn Un Elev—See Bklyn Queens Bklyn Un Gas 1st cons5sg'45M&N 1st lien & ref 6s '47 ser A_ _M&N 1st lien & ref 5s ser B 1957 M&N Deb 5s 1950 —J&D Buff Gen Elec 1st 5s 1939—F&A 1st ref 5s April 1, 1939 J&J Gen & ref 5s 1956 ser A—F&A Gen & ref 4Mb 1981 F&A Buff & Niag Falls El L & Power— 1st gold 5s 1942—.——F&A Cincinnati Gas & Electric— Cincinnati Street Ry— 1st m 5 Ms ser A 1952 103# 102 100# fOalled Jan. 22 at 105, t Calied Jan. 1 at 105. k Last sale. » Nominal. price includes accrued interest, III F&A / Util.(ws)inc5Ms_1952 / Central States Edison, Inc— 1st coll inc 3-5s 1950 M&S f 106M \ F&A / 5Ms series B 1956 106# Buffalo Traction Buffalo & Lockport Corp— Conv deb 5Ms '49 w w Without warrants 97 96 J&D — Corp— A ser 57 §£ Cent Pub Serv 99 % 103 M Cent States Pow & Lt Corp— 1st M & 1st lien 5Ms 1953.J&J J&D Coll trust 3s 1938 109:. '39op '19-M&N Cent Pow 1st 5s 1957, ser D-J&J Cent Pow & Lt 1st 5s 1956--F&A Cent Public 1st 4 Ms series B 1961 Broad River Power Co— Coll trust 3s 1937— 98 95M 100# 106# 86 British Col Tel 5s 1960 M&S 102 1st & ref 6s 1947 ser A J&J Cent Iowa Telep 5 Ms A 1947-J&J 112 Coll trust 3s 1939 61M 46 43 83 Bristol & War Wat Wks 5s '46J& J 1105 1st 5s series B 1946 103 h M&N 1st & ref 4Ms 1981 ser H„ J&D 7s Sept 1947 73 Income deb 3 Ms 1978 98} 87 J M&S Deb g 5s Dec 1942 West End St 5s 1944 72 56 107 86 103 101M 104 108M 109 # 103# 103 % F—J&D 1st & gen 4s ser G I960---A&O 1st & gen M 3#s ser H '66.F&A Cent Ohio L & P 1st 5s 1950-A&O 104 M 105# 97M 108 M&N Cent Indiana Gas 5s 1957—M&S Central Indiana Power Co— Cent Maine Pr 5s J&D Boston Elev Ry 4Ms 1937—A&O Deb g 4 Ms Nov 1. 1941-MfeN 60 M • 21M 20# 106 101# 102 # 107 M 112M Blue Lakes Water 6s '38 M&S Bolivian Power 8s ser A '45-A&0 60 # J&D M&S w* 24 103# F&A 1 st & ref 5s 1968 serG Bleecker F&A income 4s 1983 income 4Ms 1983income 5s 1983 income 5 Ms 1983Income deb 4 Ms 1978 F&A 1st & ref 5s 1956 ser E 1st mtge 4MS 1967 ser 103 M 86 103 83 A&O 4s 1973 113M 108 % M&S — 131 46 Cons ref deb 5s 1968- fund fund fund fund 116 J&J Bergen Turnpike 5s 1951 Conv deb 5s 1950 Conv income ctfs 5 Ms Sinking Sinking Sinking Sinking 22 Cent Hud Gas & Elec Corp— 1st & ref 5s 1941 -J&D Cent Illinois Light 3 Ms '66- - A&O Central Illinois Public Service— ft* Conv deb 104% Central German Pow 6s '34-J&D 104 M 120M M&N Conv deb 4 Ms 1973 65 '46—J&D Central Georgia Pow 5s '38.M&N 120# 130# Conv deb 5s 1965 55 84# 84 First lien coll tr 5Ms 1st & ref 3 Ms 1965 Cent Ills Elec & Gas Co— 1st & ref 5s 1951 Bellows Falls Hydro-Elec Corp— 1st mtge 5s 1958 A&O 98 M 101# 102 ser Central Gas & Elec 6s 1946-M&S 124 1st & ref 5s 1954 ser A 52 M 104 94 88 82 47 M 1 A '55 J&J Cent El & Tel 1st 5s 103 124 M Bway & 7th Ave—See N Y Rys 68# Bklyn Borough Gas 5s 1967. F&A 53 Bklyn City RR 1st 5s 1941—-J&J 52# Brooklyn Edison Co— Consol mtge 3 Ms 1966—M&N 61M Bklyn-Manhattan Transit Corp Coll trust 4 Ms 1966 M&N M&N tl05# 109 122 M 67 51# Cons ref deb 4Ms 1958.-M&N Conv deb 5 Ms 1973 F&A Conv deb 5s 1973 J&D 93,, 104.% 112% Carolina P & L 1st 5s 1956—A&O 115 J&J Conv deb 4 Ms '48 ex-warr Conv deb 4 Ms 1949 J&J15 106M 123 F&A M&S 5s Jan 1 1961 Associated Gas & Elec Co— Conv deb 5 Ms 1977 Cape & Vine'd El 4s A '65 J&J Capital Traction (Wash, D C)— 1st g 5s June 1, 1947 J&D M&S J&D 64 # 68 65 % 93 100 - 103 % A&O 63 Cent Conn Pow & Lt 5s '37- A&O Central Elec of N J 5s 1940.-J&J 103 124 M&S 102 M Brandenburg (Germany) El Pr— 88 M Extl 1st s f 6s 1953 M&N / 21 114 52 Bridgeport Gas Lt 4s 1952--J&J 88 101# 100 M Cent Ark Pub Serv Corp— 1st & colltr 5s 1948 ser A„F&A 105M U 1st mtge 5s 1957 ser O Blackstone Val G & E 5s '39-J&A 104M M&N 1st & ref 5s 1956— 81 104 M&N Canton Elec Co 5s 1937 Cedaf Rap Mfg & P 5s '53 J&J Central Arizona Light & Pow Co 1st mtge 5s i960 J&D 105 e 81 1st mtge 5s ser A 1955. --M&S Canadian West Telep 5 Ms '56J&J 1st mtge 5s 1960 ser O M&N Bell Telep Co of Pennsylvania— 1st & ref 5s 1948 ser B '.J&J 1st 5s 1938 82 110 105 M Berkshire St Ry 1st 6s '37—J&D 112# a Amer Utilities 1st 6s 1945—J&D Deb 6 Ms 1941 Amer Util Service 6s 1964 109 M 100 S f income 8s 1953 A&O f 40 Beauharnois L H & P 5Ms'73 J&J /102 Beauharnois Power Corp— Coll trust s f 5s 1973 w w„ A&O / 64 M 103 Beaver Valley Water 5s '60-M&N 1st g 5s 1957 ser B J&J Deb 5 Ms Nov 1 1943 Conv deb 4Ms 1939 22 Baton Rouge Electric Co— 1st & ref 5s 1960 ser O Amer Telep & Teleg— Debsf 5s 1960 Deb 6s 1975 1st mtge 3#s 1966 J&J Barstow (W S) deb 6s 1942--A&O 104 M&S / Term 6 Ms 1951 Canadian Utilities Ltd— 39 J&J / 38 J&J / 45 ;v>; 46 J&J 102 M Deb 5s series B 1975— 103 Canadian Rail & Harbor— 104 Bear Mt Hud Riv Bdge Co— 1st 7s 1953 A&O 35 Amer States Public Serv— 1st 1 5Ms 1948 ser A M&N 1 A&O 1C6 1 1st mtge 5 Ms 1954 J&D 1st M 5s 1959 ser B F&A Battle Creek Gas 5s ser A '46M&N 1st 4 Ms ser B 1948 J&J 68 *53-A&O 107 Canada Nor Pow coll 5s '53.M&N Canadian L & P 5s '49 op '14 J&J Atlantic City Sewerage— 1st s f 6s ser A 1956 J&D Atlantic Co Wat 5s '58 ser A M&S 17% 35% Amer G & E deb 5s 2028 Amer Rys Corp coll 4Ms Debenture 4Ms 1963 101 16 K 80 -M&S 100 1% 1% 1% 7s Pow 102M J&J IK IK IK 9M 1934-J&J f 107 # M&N 47 M Am Gas & Pow deb 3-5s '53-F&A f 52 M Secured deb 3.60-6s 1953—J&D f Am Pow & L deb 6s 2016-_-M&S 101K Amer J&J City Gas 5s 1960 1st lien & ref 5s 1957 Bangor Hydro Electric— Power Deb g 6s 1952 ser A Deb g 5Ms 1953 ; Baltimore Transit Co— Deb 4s series A 1975 Deb 5s series A 1975 Ry— J&J 1939 Atlantic 105 104 M 102 Telephone— 1st mtge 5s 1965 M&S Calumet G & E 5Ms B 1960-J&J Calumet & South Chicago Ry— 1st (35% prin paid) 1927 F&A Certificates of deposit Camden & Sub Ry—See P S Corp 107 Augusta Ry & El 1st 5s 1940 J&D Aurora Elgin & Chicago Elec Ry 1st 5s 1941 A&O / 18 105# A&O M&S A&O Bridge 6Ms 1942 City El 5s 1938 1st & ref 5s 1956 105 Albany Ry—See United Trac 100 Alexandria Water 5s 1937—_J&J Allegheny Gas Corp 6Ms'43M&N / 45 Alliance Power 1st 6s 1952—M&S / 75 Alton Water 5s 1956 tlantic Bid Bonds Ask Calif Water & Atlanta Nor Ry—See Ga Ry & El Atlanta Wat El & Pr 5s 1943 J&J 77 H 98 M 108 Extl Ala Gas Oo 1st M 4Kb Bid Bonds Ask Bid Bonds Adriatic and income and defaulted bonds month preceding the date of issue a 105# 1st 6s 1955 ser B Called Feb. 1 at 110. 6 Basis, e A&O loo# A&O 103 Called Jan. 1,1937 at 103. / Tbto PUBLIC JAN., 1937] NOTICE—All UTILITY 75 BONDS bond prices are "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bonds Bid 78 A&O 76 M 86 77 M&N M&S J&D Deb g 5s 1963 Deb 5s 1969 76% Conv deb 5s 1950 Cities Service Gas Co— 1st M 78% 79% 102% 103% 75 75 76 76 104% 39% 85% 103 ZZZZ 102 74 ■V';: 92 88 101 105 Clinton M&S / Coast Cos Gas & Elec— 1st s f 4s series B 1965 y ,64% 105 105% 102 10 Columbus Dela & Marion Elec Co 1st & ref 5s July 1937 J&J 1st & ref 6s (stmpd) 1937.J&J »—• Columbus (Ga) Elec & Power— 1st & ref 6s 1947 ser A J&D 1st & ref 5s 1954 ser B__-M&N Columbus Ry Pow & Light— jV .99% 100 » 6s 1952.M&N 70 72" Denv Gas & El 1st g 5s *49--M&N 1st & ref 5s 1951M&N 107 108 M 107 % 106 78 106 % 12 101 107% 100% A&O 110% 111 110% 110% no* 111 1st M 4s 1981 ser F M&S 1st M 3 Ms ser H 1965..-A&O 106% 105% 101M . F&A a 102 M 106% M&N 102% 108 ,. 1st mtge 5s 1956 M&S Des Moines Ry 1st »nc 5s Jan 1 '55 Detroit & Canada Tunnel— ,106% / 37 ,, , M&N / 34% 34 M 1st mtge s f 6s 1953Certificates of deposit 39~" 2% 2% 37 37 3% 3M 105.* 106 H 106 „ 116.. 108$ 110$ 111 (Pa) 5Ms '45 M&N 99% 103% Oom'w'lth Tel(Wis)4sserA 1M&S Oom'wealth Water 5Ms ser A 1947 1st M 5s 1956 ser B F&A 108% F&A 10$ 9% 10% 107 S f deb g 7s 1952- F&A 3*6 3*6 40 105 - Gen & ref M 3 Ms ser G '66M&S International Bridge— Detroit Certificat es of deposit Det & Pt Huron Shore Line— 1st gold 5s 1950 J&J / Dixie Gulf Gas Co— 1st 6 Ms 1937 A with war_M&S Dom Elec Pow 5 Ms 1955—M&S Power & Light Co— 83% 1957— M&S 100% Pub Ser 5s 1960-J&J 40 Teleph 5s Jan 1 1949 Water Service Co— 83 Deb g 68 1946 ser A J&D 81 / Deb g 5Ms 1946 ser B—M&S 55 Oonestoga Trac 1st 4s I960--J&J Coney Isl & Bklyn cons 4s *48 J&J Connecticut Light & Power— 1st & ref s f 7s *51 ser A—M&N 128% 1st & ref 4Mb 1956 ser C—J&J 1105 1st & ref 5s ser D 1962 J&J 1105 108% 1st & ref M 3Ms ser F '66.M&S 43 . 84 82 58 78 129% 109~~ 104% 105% 107% 128 129 109% 107% 106% Stamped guaranteed optional Conn Riv Pow 3 Ms ser A'61 F&A Connellsv Wat 5s Oct 2 '39.A&0 Consolidated Cities L P & Tr— 158% ■ 85 106% 107 26 0rk 91 101 102 69 103 5Ms ctfs 1937 A F&A / 75 100 7 % 1932 ctfs of dep J&J 107 East Jersey St Ry 5s 1944.-M&N 99% E. Kootenay Pow 1st 7s '42-A&0 East Prussia Pow 6s 1953 J&D / 21 102% E St L & Interurb Wat 5s '42 J&J 1st mtge 6s 1942 J&J 102.. 70 105 61 93% 22 103"" 106 93% / 97% V 94% / 31% f 5s 1938 -.-J&D Consumers Nat Gas 6s '44.M&N Consumers Power Co— ; 1st mtge 3 Ms 1965— M&N 86 93. 50 6% 72% / f Adjt 6s due July 1958 A&O ' Eastern Minn Pow 5 Ms 1951 ~ Eastern Oregon Lt & Power- 1st mtge 3 Ms 1965 M&N 1st mtge 3 Ms 1970 M&N 1st mtge 3 Ms 1966 M&N Contin Gas & El deb 5s 1958 F&A Continental Pub Serv 6s '40-J&D Continental Tel & Tel 5s '53 F&A 52 7% 74 103% 103 104 Cooper RivBrBgeinc 1st 6s'58M&N Copenhagen Telephone Co— Extls f 5s Feb 15,1954.F&A 15 Copper DistPow4Ms 1956--J&D County Gas of Dallas 5s '46 A&O County Gas (N J) 5s Jan 1 ,1952. ♦ Called Jan. 28 at 105. price includes accrued interest, 106 108% 3J 103 104% 103 M 94 % 102% Elec & Peoples. See Phila~R T Electric Pow Corp (Germany)- 1083 1035 94 j 64 101M 61 100% 94 M 104 94 f 6Mt 1st sink ru 102" 2i% 21% / / s r: Eliz Plainf & Cent J1 Eliz 93% 103"" 23% 23% 93% 101 Florida Pow & Lt 1st 5s '54--J&J Florida Public Service Co— 1st 4s series C 1955 J&J Florida Telep 1st 6s 1945—A&O 1935--J&J Fruit Growers* Express— Equip trust 5 Ms to 1938 Equip trust 4 Ms to 1941—F&A Equip trust 4%s to 1943—M&S Equip trust 4s to 1946 M&S Galveston-Houston Elec Rylst M s f g 5s 1954 opt A&O Gandy Bridge (Tampa) 6s '45J&D Gary Elec & Gas Co— Un Wat l66% 86 . x-w 87 91% 100 6s 93 / 102 b 1.50 b 2.25 b 1.00% 1.25% 1.50% 1.50% 2.00 b 2.25 • (-1 4 1 100% • Ol Ol . .V 100% 1944—-J&J 110 5s with warrants 1944.-J&J Gary Rys Co 6 Ms ser A 1945 F&A Gary Street Ry 1st 5s 1937. _A&0 Gas Co of New Mex 6 Ms '44 M&S Gas & El of Bergen Co 5s '49. J&D Gen 5s Nov 1,1954 M&N Gatineau Pow 1st 5s 1956 J&D Debenture gold 6s 1941 J&D 15 31M 36M 91 122 % 123 M Deb 6s 1941 series B 103 100 General Public Service 99M A&O Corp— J&J 103 J&J 102% 1st M coll tr 6 Ms ser A'56. A&O 1st mtge & coll 6 Ms C55.A&0 General Water Wks & El Corp— 1st lien & col 5s 1943 ser A. J&D 94% 93 M Conv deb 5s 1953 Conv deb 5 Ms 1939 94% 121 Georgetown Gas Lt 1st 5s'61 F&A Ga-Caro Pow 1st s f 5s '52--J&J Georgia Power 1st 5s 1967--M&S Georgia Power & Light Co— 1st mtge 5s 1978 J&D Georgia Ry & Elec— Atlanta Cons St 5s 1939. _J&J 104% 104% 87 M 105 J&D x w Grand 105 f106"" Rapids Gas L 5s '39-F&A Grand Rapids Ry 1st 7s '39.M&N f Great Cons Elec Pow (Japan)— 33 M 1st M 7s 1944 1st & gen 6 Ms 1950 Great Lakes Power Ltd— 81% J&J 1st sf 4Mb 1956 M&S Great Lakes Utilities Co— 1st lien coll tr 5Ms 1942—M&N Great Northern Power— 1st 5s stamped 1950. Green Bay & Miss Canal— 80 F&A 97 If 75 107 F&A 103% 1st & ref 4 Ms 1953 M&S Green Mountain Power Corp— 1st mtge 5s 1948 F&A 102% Greenwich Wat & Gas System— Col tr 58 1952 series A A&O Col tr 58 1 952 series B A&O 101% 101% 85 '48-F&A 104% ser ;; C 1966—A&O 97 M A&O 5Ms June 15, 1977 5s secured ser conv notes B.J&J 1938 J&J Hamburg (Germany) Elec Co— Extl g s f deb 7s 1935.-M&N f Hamburg (Germany) Elev Undergound & St Rys 5Ms'38__J&D Hamilton Gas 6 Ms A w w'37 J&D Hanover Harz Water Works- 104% 105 107M 103 109 109 M .... 64 See Foreign Bonds 107 Harrisburg Gas 5s 1970 M&N Havana Elec Ry 5s 1952.—F&A / 26 5Ms (Sept'31 coup on)'51.M&S f 25 Helena Gas & Elec 1st 6s '52 M&S 104 Hest Man & Fair Pass Ry—See P hil R T Home Tel & Tel (Ft Wayne)— 1st 6s series A 1943 J&J ; 105 1st 5 Ms series B 1955 A&O 104% Houston Elec 1st 6s B 1950.J&D Houston Gas Securs 5s 1952.M&S 95% Houston Gulf Gas— 1st M & col 6s 1943 ser A.A&O Deb 6 Ms 1943 with war.-A&O 99% 104% 101 See & Elmira Water, Light & RR— 1st & con g 5s 1956 El Paso El Co— 108% M<! 102 113 103% 63 104% 100 Raritan Riv > Public Se Eliz & Trenton RR J Corp 104% 96% 106 96 t Called Jan. 28 at 104. k Last sale, 108% 96% 107\ B ser 10-year 4%s deb 1946 102% Edison Elec Ilium of Boston- 107 107 5Ms 1956 Hackensack Wat 4s'52 op'12 J&J Gen&ref 5s June 15*77 A J&D15 99.. 1st m 1st M & ref 4s 99% Eastern Shore Pub Service Co- 109 1st 86 105 Gulf States Utilities Co— 99% 95% 35 78% 92 v 85 J&J *Jfcl05% J&J t 104% A&O 85 19% 94% 100 54 91% A&O 75 Cons Tr (N J)—See Pub Ser Corp Consolidated Water of Utica— 1st 4Mb 1958 —.M&N 1st M 5s 1958 M&N Oonsum L H & P Co (] 62 52 M&S Gulf Public Service Co— 1st mtge 6s 1945 105 Michigan Rys— 98 1st lien col tr 5 Ms 1957 Florida Power Corp— 1st m 5 Ms 1979 ser A Gulf Power 1st 5s 1968 94% 1st & coll 6s 1943 ser A. J&D 6s stamped 1943 J&D 102% 103% 102% Federated Utilities Inc— Gulf Coast Water 1st 5s 1948 A 1st mtge colltr 7s 1958 105% 107% 101% 25 / J&D / 1st 1 6s 1947 102 Ref 6s series E 1948 Eastern .... 101% 102 St & Pleasant Valley Passenger Ry 5s 1942 Federal Water Service Corp— Conv deb 5 Ms 1954 M&N 101 > Eastern Lt & Pow s f 5s 1964 M&N Eastern Mass Street Ry Co— 4 Ms 100% 104% 1st m 5s 1960 ser D F East St Louis (111) Lt & Pow—■. 1st 5s 1940 J&D m 102 M 102 M&S M&S Debenture 6s 1954 ser B._ J&D Fed'l Pow & Lt 6s Nov 1,1965 Federal Public Service Corp— Gesfurel 6s 1953 °9 Durham Pub Ser 7s A '49—A&O Durham Trac 1st 5s 1941 M&S East Coast Pub Serv 4s 1948—East Coast Utilities— Ref Stamped 1st lien g 68 1942 stpd Atlanta Northern Ry Co— 1st guar 5s '54 op '90 J&J . Ref m 5s 1948 B__ J&J Ref 6s Jan 1948ser O..M&S 15 Ref 6s series D 1948 61 69 Consol Gas of Bait 5s 1939--J&J 109% Gen g 4 Ms Apr 1954 124% 127 A&O Consol Gas Elec Lt & P (Bait)— 1st & ref 4s 1981 d J&D d 104% 106% 58 104 Gas Corp— 1st conv 6s Mar 15,1945 M&S15 / Duquesne Light—See Phila Co Duquesne Nat Gas 7s 1948 J Duquesne Trac—See Phila Co Eastern Gas & Fuel Assoc— 1st m & coll tr 4s A 1956-M&S Eastern Iowa Pow 6Ms 1943-M&S 100 84 1962 stamped--J&J Consol Edison Co of N Y— 106% Debenture 3 Ms 1946 A&O 106% Debenture 3Ms 1956 A&O 59 Consol Elec & Gas 6s 1962 -M&N 6s series B 1962 F&A >.*: 59 •/ 67/ 6% secured notes 1937 F&A 1st lien 5s 23 21 1st coll 104% Connecticut Power— 1st & coll trust 5s 1956 J&J Conn Ry & Lt 4Ms 1951— J&J 94 % 94 . . 104% 106% 1st & ref M 3 Ms ser G '66- J&D 25-year deb 3Ms 1956—-M&S Conn Ltg & Pow 5s *39 J&J 98 94 Dumbarton B'ge 6 Ms to '49-J&J Duquesne 3% 102% 102 , 100H 107 M General Public Utilities— „ 6Ms 1945 with warrants.-J&J Dortmund Munic Util (Germany) 20-yr s f 6 Ms 1948 A&O / Duluth-Superior Transit— 1st 5s 1953M&S / *3% 2 , Community Col M 5s Community Community Community 22 - Dominion Gas & Elec— i65% 101 1st mtge 5s 1957 ser C—-F&A 108*6 1st mtge s f 6 Ms 1952 Certificates of deposit 106% 105M Federal Light & Traction— 1st 5s (Amer series) 1942.M&S 1st lien coll 5s ., . 106 % 111% 113 Com'w'lth El 5s June 1 '43-M&S Commonwealth Gas Corp— Debenture 6s (w s) 1948—*— / 38 Commonwealth Lt & Power— Ref & unif 7s 1962 15 J&J / 97% Oom'w'lth Tel 22 Rys—1st 6s 1954 A&O Ltg 1st m 5s 1967 A&O Ry 5s Fall River Elec Lt 5s 1945—J&J Erie & Suburban Fontana .. . Gen & ref 5s ser E 1952..A&O Gen &refM4sserF 1965-A&O 1st M col 5s 1954 ser B J&D 1st M col 4Ms 1956 ser O.A&O 1st M col 4 Ms 1957 ser D_J&J 58 114 130 J&J 1st mtge 4s series C 1966.-J&D 91 89 J&J Detroit City Gas Co— :•/:>/// 1st mtge 6s 1947 series A—J&jf 1st mtge 5s 1950 series B—A&O Detroit Edison— Gen & ref 4 Ms 1961 ser D.F&A 108 Erie Co Electric 6s 1959 101% Sinking fund debs 5s 1946-J&D — f Conv s f deb 6Ms 1948—M&N f Certificates of deposit f 106% 105% 1st mtge & colltr 4s 1965.M&N Commonwealth-Edison Co— 1st M 5s 1953 -.-..-....J&J 101% 103 M J&J 1st mtge 5s 1938 Des Moines Gas Co— - A&O / 4_%s 1969 Util 110% ser Federal Des Moines Elec Co— po && !-*»— O O £ Deb 5s Jan 15. 1961 J&J 15 Columbia River Long view Bridge 6Ms stamped 1953 105 1st lien 5s 1946 100 M 106M Columbia Gas & Elec Corp— < Deb g 5s 1952 M&N Deb g 5s 1952. A&O 15 105% 108 1st cons mtge 6s 1943 Derby Gas & Elec Corp— 106 M&S Colonial Util 5 Ms June 1,1958— Colorado Cent Pow 5Ms '46-J&D Colorado Power 1st 5s '53—M&N : 111% 12 102 (La^ W W 1st 5s 1939F&A 106 103 M Delaware Vail 103 A 1952.-J&D Empire Gas & Elec and Empire Coke jt 1st & ref 5s*41 opt.M&S Ercole Marelli El Mfg Co (Italy) 1st 8 f 6 Ms 1953 with war M&N Equit G & E Utica 5s 1942.A&O Gen & ref 6s 1st 5s (Internat ser) 1942._M&S Stamped as to Pa tax Denver Tramway Corp— Gen & ref 5s 1950 ser A 25 111 • 87 M 107% 1959- 1st mtge g Cleveland Elec Ilium—; Gen mtge 3 Ms July 1, "65.J&J Cleve Southw Ry & Light— 105 Elec Power Co— 5Ms 103% 1st mtge 4Mb ser A 1951—J&D Conv deb 4 Ms 1946 J&D Empire District Elec Co— 1st & ref m 5s 1952 M&S Empire Gas & Electric Co— Erie A&O Deb , Erie 106M J&J Delaware Power & Light Co— 1st M 4Ms 1971 J&J 1st mtge g 4 Ms 1969 J&J 103 City Water (Chattanooga) Clarksbury-Columbus Short Route Bdge 6 Ms '52. J&D / 88 101% 105 J&J 108 J&J 105 M 1st gold 6Ms 1954 ser D_.J&J / 104 Dallas Ry & Ter 1st 6s 1951.J&J 86 M Danbury & Beth Gas 6s 1948 F&A 105M Danville Tr & Pow 1st 5s *41.J&J 48 Darby Med & Ches Ry—See Phila R Tr Davenport Water 5s 1961—J&J 105 Dawson Ry & Coal 5s 1951—J&J 109% Dayton Ltg 1st 5s 1937 M&S 104 M Dayton Power & Light— / 1st & ref M 3Ms 1960 1st M 5s 1954 J&D 1st M 5s 1957 series C—M&N 100 104 107 1st g 7 Ms 1949 ser B 1st g 5s 1952 ser C Delaware 100 M J&D 99 102 M 101 A&O J&J Dallas Pow & Lt 6s 1949 '96 „ J&J 1st mtge 58 1966 General 5s 1966 102 5^3 A 1951 J&J City Elec San Fran 5s 1937.-J&J City Gas & Elec 1st 6 Ms *51.J&J City Light & Traction (Sedalia, Mo) 1st s f 5s 1952 J&D City & Sub PS—See Un Rys of St L City & Sub Ry—See Wash Ry & El City of New Castle Water— 5s 1954 52 M 94 96M Cumberland Co (Me) Pow & Lt— / 1st mtge 3 Ms 1966 A&O 101M Cumberland Gas 6s w-s 1948M&N f 84 Cumb'land T & T 5s 1937—-J&J Cumberland Valley Telephone— Dallas Gas 1st 6s 1941 — con / Bid Bonds El Paso Nat Gas— Co— Cuban Telep conv 5s 1951 J&J 1st lien & ref 7Ms 1941--M&S „ 1st 5s series A 1953 J&J Citizens Water (Washington, Pa) 6s 1951 Gen & Service Ask 90M Coll inc 6s B Oct 1 ,1954—J&D 102% 1st mtges f 4%sser A '61..J&J 103% Citizens Utilities 3% notes 1955. / 39 Citizens Water (Scottdale)— 1941.. Public Crescent 102 pipe line 5 Ms 1942.M&N Bid Council Bluffs Gas 5s 1948.M&N 77 77 76% Cities Service Gas Pipe Line Co— 1st M 6s 1943— J&J Cities Service Power & Light— Deb 5Ms 1952 M&N Deb 5Hs 1949 —.J&D Citizens Independent Telephone 5s Bonds Ask M&S Oitie8 Serv deb 5s Jan '66 Deb g 5s Apr 1958 n t Called Jan. 1 at 105. Nominal. a Called Feb. 1 at 102M. 6 Basis, d Called Feb. 10 at 104. /This 76 PUBLIC UTILITY BONDS bond prices are "and interest" except where marked "t" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue NOTICE—All Bid Bonds Ask Houston Lt & Pow 1st 5s *53 M&S f 1st lien & ref4Ms'78ser D M&N aim X 1st lien & ref 4Ms'81 ser E J&D 1st mtge 354 s 1966 J&D 104M Houston Natural Gas Corp— 103 1st m coll 6s '43 with warr-J&D Hudson Co Gas 5s g 1949--M&N 1st M 5s 1954 ser B—.M&S 1st 5s ser O 1962 ___A&0 100 A&O P&A Idaho Power 1st 5s 1947..—J&J Illinois Bell Tel 3 Ms B '70—A&O Illinois Commercial Telep— ■■ 10454 110 78 v 103 M 103 M 80M 106 106 105 105 M 10354 95M 104 102 Illinois Water Service Co—■ 1st mtge 5b 1952 series A—J&J Indiana Assoc Telegraph— 108 10554 M&S 104 106 M 1st mtge 454s ser B 1965—A&O Indiana Central Telep Co— 1st lien coU 5Xa 1938——M&N / 90 Indiana Electric Corp— 102 M 1st M 6s 1947 series A—.M&N 105 1st M 6Ms 1953 series B-.F&A 1st M 5s 1951 series C——M&S 90 Indiana Gas Utilities 5s 1946.J&J Indiana General Service— 1st M 5s 1948—-—.—-.J&J 10754 Indiana Hydro-Elec Power—_ 9854 1st mtge 5s 1958ser A-...M&N Indiana & Mich El 5s 1957—F& A 10954 1st & ref 5s 1955 .—.M&S 10454 119 Indiana Pr 1st 7 Ms '41 A .M&N Indiana By & Lt 1st 5s '43...J&J 99M Indiana Service Corp— 75 1st & ref M 5s Jan 1,1950-J&J 1st 1 & ref 5s 1963 F&A / 7554 Indiana & S W Gas & Util— 6% conv notes 1940—J&D / 20 125 Indiana Telep 5s A (ws) 1960.J&J Indianapolis Columbus & Southern Traction 1st 6s 1948—F&A 11* 8154 Indianapolis Gas 5s 1952—A&O Indianapolis Power & Light— 105 1st M 5s 1957 Ber A. J&J 71 Indianapolis ■ By 5s, 1967 —J&J Indianapolis Water— 1st mtge 3Xa 1966 10454 —J&J 1st & ref g 4£ss 1940 opt—.J&J y 104 Indianapolis W W Sec Co98 Secured 5s 1958-——.—..J&J Inland Gas 6 Xb 1938-—-—F&A / 72 Certificates of deposit Sinking fund deb 7s 1938.F&A Inland Pow & L s f 6s *36 A.M&S Oolltr s f 6s 1941 ser B—.M&N Coll tr 6s 1957 ser C——A&O Deb s f 7s 1935— —J&D Inland Telep 1st 6s 1948— .A&O IJSM 109 102 M - 104 107 10354 JOgM £ S f deb fihs 1957 lOi" 10954 1948—X—M&S / / / f Interborough Rapid Transit— 1st & ref g 5s '66 op tax-ex. J&J / 32 25M 25M 25M \K 96 96M 10754 91 103 M 10554 96M 95 .... 9954 110 106 121 77 76 22 79 82 M 105 M 73 10554 100 73 28 28 28 9754 95 94 ■ as m . Interstate Pub Serv Co— 1st & ref 654s 1949 ser B..J&J 1st & ref 5s 1956 ser D....J&D 1st & ref 4Ms *58ser P...M&S 1.0454 9054 Interstate Rys 4s 1943......F&A f M Interstate Telep Co— 1st M 5s 1961 —A&O 103 Interstate Tel & Tel 5 Ms 1953J&J 99 Interstate Wat 6s ser A 1940.F&A 103 Investors Telephone 3s 1961.... 64 Iowa Electric Co—1st 4s ser A 1961 .—..J&J Iowa El Lt & Pr 7s ser O '42.F&A 1st mtge 4s ser E 1955—.J&D 105 Iowa-Ill Telep 2-5Ms 1949--A&O 68 Iowa-Nebraska Lt & Power— 1st lien & ref 5s '57 ser'A..M&N 103 M 1st 1 & ref 5s 1961 ser B M&S 10354 Iowa Pow & Lt 1st 4Mb 1958 M&S 10554 Iowa Pub Serv 1st 5s 1957—J&D 10554 Deb 5s 1968—. M&S 99 1st mtge 5Ms 1959....—M&S 10454 Debenture 6s I960——M&N 102 M 1. T *,°aPed k Last sale, n 5054 48 96 95 1354 ,8154 10054 9754 71 76 75 64 69 f 5Ms 1953 ser A—M&S 52M 101M 53 M 7 6554 71 55 Jersey Central Pow & Lt Cora— 1st & ref 5s 1947 ser B F&A 1st M 4Xb 1961 ser C-..-J&D Jer City Hob & Pat—See P S Corp Johnstown Traction 4s Dec '31'62 Cons mtge 3s B Dec 311962.— 10454 Joplin W W 1st 5s 1957—-M&S Kanawha Val Tr 1st M 5s *46 J&J / 25 102 M Kansas City Gas 1st 5s '46..F&A 1st 6s series A 1942-..—-F&A 115 Kansas City Clay Co & St Joseph Ry 1st 5s 1941 M&S * £K 49 M Kan City Pub Serv 3s 1951.-J&J Kansas Elec Pow 6s 1937—J&D 10254 1st mtge 3Ms ser A 1966-J&D 100M m i 1 104 105M 89 88 70 5454 9 —J&D 105M .... 104 M 1st & ref M 3 Ms 1966. _ 105H 105M 104 X 104 T 1st mtge 5s 1957 1st gold 5Ms series A 1955.J&J 0*105 James River Bridge Cora— 1st sink fund 6ms 1958-..J&J / 39M Deb gs 7s 1943——J&D Jamest'n (NA )Telop 5s 1954 J&D 120 M 103 M Deb gold 6s 2022 ser A..M&S 1st mtge 4Ms 1980---—-J&D Kansas Pow 1st 5s 1947—M&S Kansas Power & Light Co 1st mtge 4Ms 1965_-_...M&N V ouisV Ltg 5s uuia v 120 '531 Iunstmpd- A&O . xvj uav t/740 102 99M 83 M ip-xvw wu 2d 4Mb 1940—.. M&S General 5s 1950.........F&A 104 M 10554 owell Gas Light— 107 1st mtge 4 Ms ser A 1966-M&S Austrian Hydro-Elec— 1st s f g 6Ms 1944-..-—-F&A f 90M ower St Lawrence Power— ; v. 96 1st s f 5s ser A1955 ....A&O ower mmmrn 10554 / mm mm 5054 10254 101 10254 IMOTUO vu tv; _ r 109 M 40 M / 87 f 1854 f 32 10954 VP* 35 QQ y0 r 95 107M Kentucky Utilities Co—■ 1st M 6 Ms Sept '48 ser D M&S 106M 13 A&Q 106 X —M&S 119 J&J tacLaren-Que Pow 5M« Febl'61 5Ms series B 1964-------M&S 98M 96M 109 f 10654 101M 98 98 97 10754 10754 10254 0854 Gen s f 7s ww 1941——A&O lanhattan Ry con 4s g '90--A&O Cent Hanover Bk ctfs of dep^ 2d gold 4s 2013—.——J&D lanila Elec RR & Ltg Corp—1st lien & colltr 5s 53....M&S lanila Gas Co— ' _• 1st fien coll tr 5 Ms 1937.-A&O lanitoba Power Co Ltd— 1st M s f 5Ms ''51 ser A—J&J 1st M s f 5Ms 1952 ser B..J&J lannheim & Palatinate Elec Cos Kewanee(Ill)Pub Ser 6s A *49 J&J Key West Electric 5s 1956..F&A Keystone Pub Serv— 1st M 5s 1978— ..M&N Keystone Telephone Co— 1st & ref 5 Ms 1955 ser A.-J&D 1st 1 & ref os 1951 ser B—A&O Kings Co E L & P 1st 5s '37-A&O 30 92M 82 98 98 23 f 7s 1941..——J&D 9854 0754 108 M 83" laryland light & Power— 1st M 5 Ms 1950 ser A——J&J lass Utilities Associates— S f deb 5s 1949 ser A—.-A&O 98 81 s ft m laritime Tel & Tel— ^ ' Ref & gen 5s ser A 1956-.-J&J Ref & gen 6-4 Ms ser B1966 J&J larket St El Pass Ry—See P R T larket St Ry (San Francisco)— 1st s f 7s 1940 ser A Jan ... l55*" 10454 104 10354 10254 16154 107 M 10454 105 112 102M 98M 104 105 M 98M 10554 103 6, 102M 15-year . 1st M 5 Ms 1955 ser F—A&O 1st M 5s 1961 series G F&A 5s series H1961 F&A 1st M 5s 1969 ser I—F&A 1st 7s series J 1957.....—F&A 1st 6s series K 1957-—..-M&S Keokuk Elec 6s 1945——M&N 22 uao w- mtw— 1st ref&imp g 5s'48 op 1st & ref 6s 1954-— Debenture 7s 1944 121 10354 10354 , Kentucky El Pr 6s A 1951---J&J 1st s f 6s I960-.: ......J&J Kentucky Fuel Gas Corp—1st 6Ms 1942 with warr..J&D Kentucky-Ohio Gas 2s——1958 Kentucky Power & Light Co— 1st m 5 Ms 1948 ser B_ M&S Kentucky Traction & Terminal— 1st & ref gu 5s '51 opt *14 F&A Lexington Ry 1st 5a 1949-J&D KingsCoElev—See Bklyn-Queens Kings Co Gas & HI 1st 5s '40 A&O Kings Co Ltg 1st ref 5s '54—J&J 1st ref 6Ms 1954-—------J&J Kingsh'way Edge 6 Ms '62__A&0 Knoxville Trac 1st 5s 1938--A&O Kokomo Water Works— 93 100 65 70 82M 76 T-<r.H Laclede Gas Lt 5s 1939-.--A&O 1st M coll tr 5 Ms '53 ser O F&A 1st col&ref 5Msl960 ser D F&A 6s coll notes ser A1942...F&A 6s coll notes ser La Crosse 32 .... temphis Power & Light Co— 1st & ref 5s 1948 ser A—-J&J 1st & ref 4 Ms 1978 ser C—A&O Cemphis Street Ry—• 3-5s series A 1945—— 3-5s series B 1945—......—— . [eridionale Electric Co— 1st s f 7s 1957 ser A 103 H 99M 73 43 71M A&O letropolitan Edison Co—- 109 105 108 94 1st M 4Ms 1968 ser D—M&S 1st M 4s 1971 ser E—..M&N 1st mtge 4s ser G 1965—M&N 34 2 .... 100 6654 68M 68 70 102M letroponian vv ess diuo u — 12M 11M 11M 1st gold 4s 1938 -—F&A Certificates of deposit...... Exten gold 4s 1938——-J&J Certificates of deposit.. lexican El L 1st M g 5s '42-J&J lex Lt & Pow 1st 5s *40 s f.-F&A ll,y 40 M 40M 49„ 46 M "6" 3 1st M 5s 1961—-—-—A&O Hch Fuel & Lt 6s A1950...J&D [ichigan Gas & Elec Co— 103 M '49 ^ ■ 102M 1st & ref 6s 1943..---—-M&S 1st M 5s 1956.....J&D , 1st and ref mtge 6s 1950..J&J V 104 Lake Superior Dist Pow— 1st mtge 354s ser A1966--A&O 101 Lancaster Co Ry & Lt 5s 1951 J&J 115 Lawrence (Mass) Gas & Elec— 1st M 4Ms 1940 ser B....F&A 102 101K Lehigh Power Securities— Deb g_6s 2026 ser A...-—F&A Lehigh Telep 5s ser A 1949..J&J 98 1X0« ^ 0 1st extend 4s 1945-—.—-J&D Ref & impt g 5s I960—..J&D 1st extend 5s 1945--J&D Leipzig Overland Pow 6 Ms '46— / 56-A&O 10454 Lone Star Gas 1942..M&N Long Beach Gas 1st 5s '56—J&D s f 5s 105 Hm —. uauitsux <x> ouuuuBou 85 60M 89 25 102 103 10154 10254 10354 ' 103 0954 0354 88 108 106 106 % V [inneapolis Gas Light Co—_ 90 85 85 / 85 106 M 99 X Minnesota Power 107" 102 & light Co—1st & ref 5s 1955-..—.—-J&D 1st & ref 4Ms 1978——M&N [ississippl Power Co— 105 102 1955........M&S 94 - 1st & ref 5s .. . [ississippl Power & Light— 69 M 105 5 Basis. dCalled Feb. 1 at 101H. Called Jan. 1 at B04. 98 123 106 ^ 1st mtge 4s 1950-.-------J&D ivlinnesota Nor Pr Jt 6s 1944 A& 70 100 105 at 103. 102 M Cidland Util deb 6s 1938...M&S f 55 Cilwaukee Elec Ry & light-— 104M 1st & ref 5s 1961 ser B—J&D 1st M 5s 1971-...-.—-—-J&J 104 H Hlwaukee Gas light Co— 106 M 1st M 4 Ms 1967.———M&S 1957.————J&D Mississippi River Fuel Corp-— 1st s f 6s 1944 ex-warr—- F&A ississippl River Pow 5s 51- J&J Deb 5a May 1,1947--..-M&N Miss Val Pub Ser 1st 5s *54-J&D 1st M 5s 65 E7H iiwv—_ 5s 1950—.— J&J [iddle Western Tel 6s 1943-J&J Conv deb 6s 1939,-.-.--M&N 9454 102 10554 Feb. 1 at 103M. [ichigan Public Service Co— -■ 1st g 5s 1947 ser A..-..—A&O liddle States Telep 6s A 47.J&J [iddlesex & Boston St By—* 1st and ref mtge 5Ms 1942-J&J _ . 104 105^ 104M 104 1st & ref 554s ser B1949—M&S 102M 1st & ref 6s ser C 1952-M&N 104 Lake Sh Elec 1st con g 6s '33 J&J / 4 Gen gold 5s Feb 1,1933..F&A / 1 Lake Sh Gas 1st 5 Ms 1950—M&N 81 Lake Shore Power Co-—J Lewiston Gas Lt 3 Ms O 96 97 66 60 102 B1942.-.F&A Telep 5Ms 1948.-J&J Lex (Ky) Ry—See Ky Tr & Term Lexington (Ky) Tel— 1st M 6s w w 1944— M&S Lexington Util 1st 5s 1952..F&A Lexington Wat ref 5 5481940.F&A LexingtonWat PowOolst5s'68J&J Conv deb 5Ms 1953—-—.J&J Lincoln Gas & Elec 5s 1941..J&D Lincoln Pub Serv 5s 1939..-J&J Little Rock Ry & El6s '38-..A&O Lockhart Power 4 Ms 1955—J&D Lockport L H & P 5Ms A*54M&N Lombard Elec Co (Italy)— 1st extl 7s 1952— —..-J&D 120 M 10554 9354 101M J&J RR 1st 6s 1937 Lake Erie Pow & Lt 6s 1946-A&0 91 6654 H OJfi 9954 6454 65 74" Lehigh Valley Transit— 101 11654 . 6954 105 16454 10754 >—1 1st 5s ser A1958—-..-.-J&D Lackawanna & Wyoming Val RK 1st 5s 1951—-—F&A / F&A ' Debentures 6s 1948..—. f ^ 1»,19?7 at yQ: -t Called Feb. 1 x Called Nominal, 103 Purch money 6s g 1997--A&O Edison El 111 Blkyn 4s '39-J&J 9454 ... 107 101M ... n -—- s 102M MK 106 M&N Bid Long Island LightingSecured g 6s 1945-..—..-J&J Conv deb g 5 Ms '52 ser A-A&O _jng Island Water 6 Ms '55 M&N Lorain Telep 1st 5s 1958 -J&D Los Angeles Gas & Elec Corp— 1st & gen mtge 4s 1970 A&O Los AngPac Co—See Pac El Ry Los Ang & Pac RR~See Pac El Ry os Angeles Railway Corp— 1st & ref s f g5s 1940--..-J&D Los Angeles Ry 5s 1938-.A&0 Kansas Gas & Electric- 9 2M Certificates of deposit—... 6% notes 1932———A&O t/ 47 M Certificates of deposit I St* Conv g 7% note 1932—M&S t 95 Certificates of deposit. / 93 M Intercontinents Power CoDebs A 6s 1948———J&D / 1254 International Hydro-Elec System 81 Conv deb 6s 1944 w w A&O 99 Internat'l Pow Ltd 6Ms 1957M&S Deb 6s 1957-M&S ,96M Debentures 6s 1955———J&J 101M International Power Sec Corp-— 70 6M % sec bonds 1955ser O J&D Sec 7s 1957 ser E_—.....F&A 72 Sec 7s 1952ser P.. 71 J&J15 International Railway (Buffalo)Buff Trac 1st 5s 1948—..J&D 91 Buff & Lock 1st g 5s 1938—J&J 9954 Internat Ry ref 5s '62 op.M&N 63 International Telep & TelegDeb g 4Ms 1952——J&J 6954 Conv deb 45$s 1939—...J&J Deb 5s 1955—..F&A Int-State Bridge 4-6 Ms '50 M&N Interstate Gas & El 6s 1951..J&D Interstate Power 1st 5s '57—J&J is* Deb gold 6s 1952.........J&J 69 Interstate P S (Ark) 6s 1940 M&S 89 . J&J Bonds Ask '50.M&N Jacksonv (Fla) Gas— 5s stamped 1942 Income deb 6s ser A 1952 M&N / Jamaica Water Supply Co— t UK f 1 Italian Superpower Corp— Deb 6s 63 (without warr)-J&J Jackson Gas 1st 5s 1937A&O 108 1st mtge 5s 1960 ser B—M&S 111 Community Tel 6s 1949—J&J Illinois Northern Utilities Co— 1st & ref 5s 19 5''opt A&O jJllnois Power & Light Corp— 1st & ref 681953 series A—A&O 1st & ref 5Xb 1954 ser B-J&D 1st & ref 5s 1956ser O.——J&D Bid Isarco Hydro-Elec Co (Italy 1st M s f 7s 1952—.w—-M&N Island Gas & Electric— 25-yr Hydraulic Power of Niag Palls— 1st & refunding 5s 1950---J& J *110 99M Hydro El Bond & Sh 5s 1957M&N 102 Hydro El Corp (Va) 5s 1958.J&D 105 Hydro El Pow Comm 3Ms'43J&J U8M 454s due Jan 1, 1970 J&J 1st 5s series A 104 M 124 104M Deb 3Ms-5s 1952 4Ms 1938------...--- 1st & ref 5 Ms July Deb 6s 1950 ser A 105"" 103 102 Hunt'g'n Wat 1st M 6s '54A M&S Bonds Iowa Southern Utilities— 1st & ref 5 Ms 1950, e Called Jan. 1 at 105. 97M 105 107 103 _ 105M / Price includes accrued interest. JAN., 1937] PUBLIC UTILITY BONDS 77 NOTICE—All bond prices are "and interest" except where marked "t" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bonds Bid Ask Missouri Edison 1st 5 Ms *47 J&D 95M Missouri Gas & Elec 6s A '44 M&S / 69 1st & ref 5s ser B 1957 J&J / 65 Missouri Power & Light— 1st M 5 Ms 1955 ser A M&S tfclOSM 1st M 4 Ms 1958ser B M&N r 104 M 1st mtge 3 Ms 1966 J&D 102M Missouri Public Service Go— 97 Bonds N M First mtge 5s 1947 ser A.-F&A / 1st s f 5s 1960 -._F&A Missouri Riv Sioux Olty Bdge— 1st s f 6s 1953 M&S 105" 1st g 85 80 94 87 . 66" 65 64 100M U6M 116M 105M 108M cons 1st & gen mtge 4 Ms 1960-A&O 107 Debenture 6s 1965 A&O Mont Cities Gas 7s A 1937--M&N 107M 108 108 N. Y. & Richmond Gas Co— 1st ref M 68 1951 ser A..M&N 100 101 Monongahela Valley Water— 1st M 5Ms 1950 series A—J&J Monongahela West Penn Pub Ser Montana-Dakota „ Ext 1st 5Ms-6Ms 1944 9M J&J Montana Power— 105.3 IO5m Montreal Lt Ht & Pow Consol 60M 102 1st & coll sf 3 Ms 1956 F&A Montreal Tramways— 1st & ref g! 5s 1941 opt Gen & ref 5s 1955 series A-A&O Gen & ref 5s 1955 ser B A&O Gen & ref s f 4Mb *55 ser C A&O Gen & ref 5s 1955 ser D.A&O 104 82 M 79 83M 84 104" 15 • : 100 H 101 x 75" 73 106M 106M 1st M gold 5s 1936 guar—M&l, .WW 5s 1937 (not guar) M&N f 88 Nashville Railway & Light— 107 M 92" 98 :::* 1°5 105 M ' 4 97M 4M 98 100 97 M 103 97 95M 102 M 93 H Nat Public Service Corp— Debenture gold 5s 1978- JFkA Certificates of deposit N Y Steam 6s 1947 1st M 5s 1951 f / f 66 48 12 £ 55" 108 109M 129 96 M 100M 102 96 % G E L H & P 124 109 M 97 M See N Y Gas Elec Lt & Pow Power— 5s series A 1959 J&J X 105 1st coll & ref Conv deb 5s 1948 Conv deb 5s 1950Convertible deb 5s 1962 78 M 78 78 ' 75 B — - 125M 104 100 105 M 106 107 115 116 M&N 116 102 104 75 95 M 105M 104 X 'mmmm 1st & ref g 5s '40 op '20--.A&O North Shore Gas Co of Illinois— 1st gold 5s 1937 opt F&A Northeastern Public Service— Gen'l loan & coll 5Ms 1961 J&J North Ind Gas & El 6s '52-M&N Northern Ind Pub Serv— 1st & ref 5s 1966 ser O—M&N 108 J&J 100 100 M loo 92 M 99 M 92 105 107 103 M 106 .... 1 Newp News & Old Pt Ry & El 1st g 5s Nov 11938 M&N Newport Water 5s 1953-.-New Kochelle Wat 5 Mb '51-M&N 1st 5s series B 1951 M&N N Y Cent Elec 1st 5 Ms '50-M&S 1st 5s 1952 J&J ♦Called Jan. 11 at 101M. Called Dec. 29 at 104. 1, 1937 at 103. ;:t. 99 M 52 M 108 105M 105 M 105M 103 M 105 1st & ref M 4 Ms 1970 ser E J&D 103 M 1st M & ref 5s 1963 J&J 1st lien & ref 7s 1946 A—M&N 1st lien & ref 6s 1947 B—M&N 106 M 121 118 104 103 M 102 M 99 ,94 100 152" 105 105 M 105 M Northern Penna Power Co— 1st & ref 5s 1956 ser 1st & ref 5s 1962 A..-J&D 104M A&O Refunding 4M» 1961 103 M 103 M 108 A&O 5M% notes 1940 —.J&D Northern Texas Elec Co— Coll tr s f g 5s 1940 opt—J&J f Northern Utilities Co— 105 M 103 M 27 Ms May 1 '69 / Series B 1950 F&A " 28 103 % 103 M 102 101M 103M 98 M 99M 78 M 1st cum income 5s 1937 J&J Omaha & Council Bluffs St Ry Income 5s 1937 J&J Ontario Pow 5s '43 op to '13.F&A 72 74 73 114 75 115 113M 114 H 1st M 5s 1957 ser A J&D Oslo Gas & El Works (Norway)— Extl sink fund 5s 1963 M&S Ottawa L H & Power— Ref & colltr 5s 1957 ser A. A&O Ottawa Trac 1st 5 Ms July'55 J&D Ottawa Valley Power Co-— 1st M s f 5 Ms 1970 A&O Otter Tail Power Co (Minn)— 1st mtge 4s 1961 ..J&J Ozark Power & Water Co— 1st s f 5s 1952 M&S Pacific Coast Power 5s 1940-M&S Refunding 5s 1961 M&S 80 ' 74 79 M 91 36 96 97 101M 104M 102 106 mmmm 88 90 103M 104M 105M 88 67 89 M Los Angeles Pacific RR— 1st & ref mtge 5s 1943.M&S Pacific Gas & Electric Co— 1st & ref M 6s 1941 ser B.J&D 1st & ref M 4s ser G 1964--J&D 1st & ref M 3 Ms ser H *61-J&D 1st & ref M 3 Ms ser 11966-J&D Pacific Light & Power Corp— Pac L & P Co 1st 5s 1942.J&J Pac Ltg Corp deb 4 Ms 1945-A&O Pacific Northwest Pub Serv— Conv deb 6s 1950 M&S Pacific Power & Light Co— 1st M 5s 1955 F&A Pacific Teleph & Telegraph— 1st & coll tr s Refmtge3Ms WW 107 103 M 116M ser B 1966.. A&O —J&D & Elec — Passaic Gas 118 104 M 26 M 28 M 86M 87 M 104M 104 K 101M 104 M 105 M y 99 M Penn-Ohio Edison Co— U Deb g 6s 1950 ser A ex-w.M&N l\H 95 5s 1979 Pennsylvania 89 s f conv 6s *60 ser A.J&J f 87 Certificates of deposit— / 86 Northwestern Pub Serv Co— 1st M 58 ser A 1957 104 M —J&J N'western Teleg 1st 4Ms-'44. J&J 107 j Northwestern Utilities, Ltd— 1st ref 6-7s ser A 1949 89 J&D Nova Scotia Light & Power Co— 1st M s f 5s 1958 ser A—J&D 103M 88 105 91 | 105 103 123 M Electric 95 43 105M 105 M 101 106 105 106 106 107 106 106 M Co. .M&N k 102 M A&O 105M 1st & ref 4s 1971 serF. 1st & ref 5s ser H 1962 107 — 105M Pennsylvania Gas & Elec Corp— Deb gold 6s 1976 1st M WW 105 97 122M ..M&N 1st Deb 5 Ms 1959 ser B F&A Penn Pub S 1st 6s ser O '47.M&N 1st & ref 5s series D 1954 .J&D 88 M 120M 110M 107 M 103 H 103 H f g 5s 1937__J&J Ref mtge 3 Ms ser O 1966. J&D Parr Shoals Pow 5s 1952 A&O Passaic & Newark El Traction— & 95 118M 105M 18 y mmmm 101M Penn-Jersey Water— 1st coll 5 Ms I960-..—F&A 46 20 / ' 104 1964 J&J Paterson Ry—See Pub Serv Corp Pecos Valley Power & Light Co 1st extended 6 Ms 1950—M&N 94 Non-cum inc deb 6s 1950.M&N / 14 M 14 / f 61 108 100 5s »-» 73 o 105 f f 79 M Old Dominion Pow 5s May 15 '51 Omaha & Coun Bluffs Ry & Br 1st s f 6s 1947 A&O Penn Central Light & Power Co— 1st & ref 4Mb 1977 M&N 92M 104 X 103 101 (>--** o co r 43 Northwestern Electric— 1st 6s stamped 1945 M&N Northwestern Elevated (Chic) 1st mtge 5s 1941 opt M&S i Certificates of deposit Union El (Loop) 5s g *45--A&O Certificates of deposit Northwestern Light & Power 6s 72 78. 94 M consol gold 5s 1949... M&S Paterson & State Line Traction— 42M 71 106 99 M 40 93 M Paterson 73 M M&N 104 92 102 M 72 5s 1937 Northern States Power Co— 1st & ref 5s 1941 A&O 1st & ref 6s 1941 ser B—-A&O 1st & ref 5s 1964 M&N 101" 90 103 % 105 M&S 95M 96 M Pennsylvania Gas & Elec Co— 1st 1 & ref 5Ms '55 ser A-.M&S 1st L &Ry 5s 1958 M&S 102 M 100 M 103 M 101M 102 H ser A Deb 6s 1940J&D Penna Pow Co 1st 5s 1956 J&J Pennsylvania Pow & Light Co— 1st M 4 Ms 1981 A&O Pennsylvania State Water Corp— ,1st lien 5Ms 1952 series A.M&S 1st coll trust 4Ms 1966.-M&N Penn Telep 1st M 4s 1965—A&O Penn Water Co 5s 1940 — - Penn Water & Pow s f 5s '40.J&J 1st ref 4 Ms 1968 ser B M&S 101M 104 105M 102 105M 102 M 102 106 107 M 105 110M 105M 111 M 106 M . * , . t Called March 1 at 105. X Called Jan. 1, 1937 at 105. f k Last sale, / This price includes accrued interest. n Nominal, , 09M 107 M 1st lien & ref 6s 1943 C_—M&N 1st lien & ref 5Ms ser D *49J&D 1st lien & ref 5s 1955 ser E-J&D Watertown L & P 5s 1959.J&J Northern Okla Gas 1st 5s *46.J&J 103 M 105 1st 5s series B 1949-F&A Okla Pow Holdings 5 Ms *43--J&J Oklahoma Ry 1st & ref 5s *41 J&J J&D 1strerg4s 1950opt *15.-J&J M&S 113 110 F&A Pacific Elec Ry g 5s 1942—-J&J ; 112M 111M 109 Los Angeles Pacific Co— 106 - Feb. D 112 104 _ ser 104 % 120M 102 M 103 J&D — 102 Northwestern Power Co Ltd— A—J&D /*87M 1st & ref 5s 1944 66 M 105 107 M - Newport & Fall River St Ry4Mb 1954 J&J Newport Gas Lt 5s A 1961—J&D Newp News & Hamp Ry G & E— 93 65M A.J&J - ^ 0 01M 1st M 6 Ms 1936 with warr.J&D ■ - 95 M /9i* 106M & ref 5s 1969 103 102M 102 % 1st mtge 3 Ms 1966 Debentures 4s 1946 Oklahoma Power & Water 1st M 5s 1948 ser A Orange & Pas Val R—See PS Corp Oregon Elec Ry 5s '33 opt.-M&N Oregon-Washington Water Serv— 105 H 20 M 99 M 103 _M&N 105 1G6M 100 1st F&A 1951 .M&N 106 N'west Cities Gas 6s 1949—J&J Northwest Louisiana Gas— 107M / ser 116 117 117 , 1st mtge 4Mb ser A Conv deb 5s 1946 104 104 % M&S 1st lien 4-6s 1968 S f reg income 3-6 73 107 H F&A 1st mtge 5s 1958 ..J&J New Orleans City & Lake— r 1st s f 5s 1943 J&J New Orleans City RR 5s 1943 New Orleans Pub Service Co— 1st & ref 58 1952 series A A&O 1st & ref 5s 1955 series B J&D 5s stamped 1942 Inc 6s Nov 1949 125M Debenture gold 6s 1940—M&S Oklahoma Natural Gas— 1st M 5s 1948 ser B Ontario Transmission Co Ltd— 1st gu g 58 '45 opt bef '16.M&N 1st M & lien 5 Ms 1957—M&N North Shore Coke & Chemical— „ 104M Ohio Water Serv 5s A 1958.F&A Oklahoma Gas & Electric— 1st M 5s 1950 M&S 105M . (Hoboken, N J) 5s 1938-.A&0 North Penn Gas Co— ; 102 124 M J&D A&O M&S ser 87 North Hudson Lt H & P Co— 100M 103 M N J & Hud Riv Ry & Ferry— 1st gold 4s 1950 ..M&S N J Pow & Lt 1st 4Mb *60—A&O New Jersey Water Co— 1st mtge 5s 1950 New Mexico Power— m 77 105 ; 1st & ref 4 Ms A 1957 1st & ref 4 Ms B 1970 1st & ref 4Mb O 1981 4Mb 1983 IW 100M 101M New Engl Pow Assn 5s 1948-A&0 Deb 5 Ms 1954 J&D New Eng Power 1st 5s 1951.J&J 1st mtge 3 Ms ser A 1961-M&N New England Tel & Tel— 1st 5s 1952 series A— J&D 1st 4Mb 1961 ser B M&N Newfoundland Light & Power— 5 Ms 1971 J&J 1st s f 4 Ms 1956 J&J New Haven Water— 5Ms '48 106 M 86 70 North American Edison Co— Conv deb 5s 1957 ser A.-M&S Deb 5Ms 1963 ser B—F&A15 Deb 5s Nov 15 '69 ser O M&N15 Nor Amer Gas & El 6s 1944 North Amer Light & Power Co— Sf deb 5ms 1956 J&J North Carolina Gas 6s 1948 North Central Gas 5Ms 1955 A&O North Continent Utilities Corp— 109 M 106 M Niagara Lockport & Ont Power— 1st & ref 5s 1955 ser A A&O Nippon Elec Pow Ltd (Japan) 1st mtge 6 Ms 1953 J&J Norf & Ports Bdge 6Ms '47-F&A North American Co.— Deb 5s 1961 ...F&A 93 104 M 102 T< , 108M M&S 1st 6Ms 1943 (with warr)__J&J 7 Ms 1938 Ohio Valley Water 5s 1954 J&J 110M l5§"" 100 M 106M 105M J&D - — Northern N Y utilities Inc— 91 15 107 M 107 M 96M 124" 122 M Brunswick^NJ) 193J 10H 107 M ; 1st M 5s 1951 ser A M&N N Y & Westchester Lighting— _ 4s Dec 10H 106 M 109 M - New Amsterdam Gas—See N New 106M 106M M&N M&N 107 M 6s A 1947 North Shore Electric Co— 94M 125„ Newark Gas 6s Apr 1 1944--<3 105 112 1st M 5s 1956 M&N N Y Tel 1st 4Mb *39 tax ex.M&N N Y Water Service Corp— 20 105 / 104 1st & ref 3 Ms 1966 98 M 99H Narrangansett E ec Co— 1st mtge 3 Ms 1966 J& Nashville Gas & Heating Co— M&S m 1st M 5Ms 1962 106M A&O 111 1st M 6s 1952 J&J New York State Rys— 1st con g 4Mb '62 op *13—M&N Certificates of deposit / 10 1st con 6Ms 1962 M&N f 10 Certificates of deposit— 104 / 101M io2M 110 104 105M 101M x 106 24 H 39 94 1st & ref 5 Ms ser E 1961 M&N Ohio River Bridge & Ferry 5s.'42 Ohio Term (Cleve) 6s 1947.-J&D r Ohio Val Elec Ry 1st M 5s '46J&D Ohio Valley Gas Corp— 80" Niagara Falls 75 i;. / 15 1969 Mount Vernon Tel 6s 1949-_J&. Mountain States Power Co— 1st & ref 5s 1938 J&. 1st M 6s 1938 series B J&. 83M 78 82 H Morgant-own Water 5s 1965.-J&J Mount Hope Bridge 5s 1969.J&I 2d income 8s Dec 50 M 103 9 27 M M&S 1st M 4Mb 1980 1st 4Mb 1960 100 1st & ref s f 5s '43 op '18—J&J 1104.28 Deb g 5s 1962 ser A J&D d 104 100 M 1st & ref mtge 3 Ms 1966--J&D 105 Montreal Isl Pow 5Ms 1957 M&N 40 N Y State EI & Gas Corp— 1st mtge 4s 1965 -F&A Power— Ohio Cities Water Corp— 1st M coll tr 5 Ms '53 ser A_ J&J Ohio Edison 1st 5s 1960—F&A 1st & consol M 4s 1965 M&N 1st & ref 7s 1947 ser B —.F&A 1st & ref 6s 1953 series O.M&S 1st & ref 5s 1954 ser D M&S 58M Ask 21M 102 99 M a Ohio Public Service Co— 1st M & ref 7 Ms *46 ser A. A&O 105 J&J 103 120 J&D Ogden Gas 5s 1945 M&N Ohio Assoc Telep 6s A 1962.J&J 1st mtge 4Mb 1966 J&D Ohio Cent Telep 1st 6s *47--J&J Deb g 6s 2024 AdJ income 6s Jan 1 1965.-Apr Bleeck St & F F 1st 4s '50-J&J Bway & 7th Ave 5s 1943 23d St Ry 5s 1962 J&J 1st M 5s 1949 Bid - 112M M 3 Ms 1965.-M&N 1st & Bonds Oberpfalz Elec 7s 1946 J&D f Ocean City Coastal Highw Bdge— 6Ms w th stock 194i J&D r 1st mtge 3 Ms 1972 _J&J Ohio Elec Pow 1st M 5s *57 J&D Ohio L & Pow 1st 5s 1944-M&N Ohio Pow 1st & ref 5s 1952 B J&J 1st & ref 4Ms 1956 ser D.J&D 102 N Y Power & Light Corp— 1st mtge 4Mb 1967 A&O N Y & Queens Elec Lt & Pow— New York Rys Corp— Prior lien 6s stpd 1958 •/y 126 117M 120 Con 5s 1945 —J&J NY&Westch Ltg 4s 2004-J&J Deb g 5s 1954 op guar..J&J Monongahela Light & Pow Co— 9 125M 116M 138M 5s Dec. 1 1948-—.—J&D New Amster Gas 5s 1948--J&J NY & ER Gas 1st g 5s '44-J&J 62" 105 M 105M 105M mon coll tr 4s 1949—F&A Ed El 111 N Y con g 5s *95 J&J 78 X 93 M 92 Cons g 5s 1941 M&S Monmouth Cons Wat 5s '56. J&D 105 1st 1 & ref 3 Ms ser D 1965. A&O 1st lien & re« 3 Ms ser E'66 A&O N Y Gas Elec LH&P Co— Pur 92M Ask New York Edison Co— 102M 90 M 60 ; 1st 5s 1956 A&O 1st cum inc 9s ser A '56-.A&0 Mob Lt & RR 1st g 5s *37—J&D 67 77M Mobile Bay Bridge 7s 1951-J&J 2d sinking fund 7s 1951 J&J Mobile Gas Service Corp— 71 Bid Y & East River Gas—See NY G E L H & P— " " ♦ Called Jan. 1 at 104. Called May 1 at 103. b Basis, a r * d Called Dec. 31at l04 Called Jan. 11 at 102M- V Called ; 78 PUBLIC BONDS UTILITY u NOTICE—All botod prices are "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue wat botv os sot a 101 104 9834 9934 1st & ref 4Hs 1981 serF.A&O 1st 1 & ref M 434 ser I '60-Ji 92 „. 101 10034 10134 75 Debenture 4s 1950 Philadelphia Company— Secured gold 5s 1967 Ardroore Street 5s _ „ 106 • - J&P 48 1958--A&O Duquesne Lt 1st 334s '65-J&D Duquesne Trac 1st 5s '30 - J&J / Pittsb Rys 5s 1953 A&O 2d Ave Tr 1st 5s 1934----J&D So Trac 1st & colltr g 5s'50A&0 United Trac 5s 1997 ctfs.-J&J West End Trac con 5s '38-J&J Phila Elect 1st 5s 1966 A&O 1st M 4s 1966 -----A&O 1st lien & ref m 434s 1967 1st & ref 4s 1971 — 10934 80 9834 Union 53 50 8534 46 48 10334 Rhine-Westphalia El Pr (Germ'y) Mtge g 7s 1950—-M&N Direct mtge 6s 1952 M&N Con mtge 6s 1953 F&A Cons 6s 1955 A&O 7% sec notes 1936 F&A f F&A 11034 Richland Public Service— 1st & ref 5s 1937 109 68 87 Traction— . , „ 97" 96 98 32 34 63 . „ 103 _ 12 '45-A&O / People's Traction Co— P P Ry tr ctfs 4s'43_L Union Traction 4s 1952 J&J Phila Subur-Counties Gas & Elec 1st & ref 434s 1957 M&N Phlla Suburban Water Co— 1st s f 4s 1965 j^H&S 1334 17 78 / 20 _ Phila & Western Ry 5s 1960-J&J Piedmont Hvdro-El Co (Italy)— Pitts Canonsburg & Wash 10634 / 1434 10734 1957-B Rochester Telep Corp— 16 6234 9934 * 'i-'.. 10134 104 108 2134 78 * 1st l'n & gen 434s 76 1940-_-J&J 7734 10434 10334 A&O 72 1st & ref 434s 1960 M&S 1st M 5s exten to 1950----J&J .1-7234 106 v 75 76" 94 : Portland (Me) RR 3 Us 1951 - J&J 1st 1 & con m 5s 1945-.-M&N Porto Rlcan Power 6s 1950-M&N 95 100 102 96 Porto Rican Rys Ltd 5s 1962M&N 10234 Porto Rico Telep 6s 1944---J&D Postal Teleg & Cable 5s '53-J&J f 4134 Potomac Edison Co— 10834 1st mtge 5s 1956 ser E—M&N 106 1st M 434s 1961 series F—A&O Potomac El Pow— ' 10534 1st mtge 334s 1966 J&J 4134 , Conv deb 5s ser A 1957—J&D > 10334 10034 107 106 > 10434 102 15734 23 25 PubUc Service Co. of Colorado—• 1st & ref 6s 1953 series A-M&S 1st & ref 534s '54 ser B..M&S 1st & ref 6s ser C 1961--M&N Deb 6s 1946 M&N Pub Ser of Indiana 6s 1952.F&A PubUc Service Corp of N J— Trust certs 6% peipet-.-M&N Camden Sub 1st 5s 1946-J&J ConsoUdated Traction— '"■■■j. Extended 5s 1938—-.-J&D Eliz Plainf & Cent Jersey Ry— 1st g 5s Dec 1, 1950—J&J Eliz & Raritan Riv 5s '54-M&N 10534 10534 10634 10234 10534 10134 10134 142 Elizabeth & Trent 5s '62.A&0 J O Hob & Pat 4s 1949—M&N Orange & Passaic Valley— 1st 5s 1938. J&D Pater son Ry— 2d 6s '14 ext 5% to '44-A&0 Riverside Trac 5s I960--J&D So Jersey Gas El & Trac—■ Guar g 5s Marchl .1953-] PubUc Service Co of N H— 1st mtge 334s ser O 1960— 1st mtge 354s ser D '60—M&N 1st 334s 1961------r' 1st 3Kb series F 1966---— 97 9834 36 534 10734 • ---- 10434 105 10134 99 10334 10434 112 99 10134 103 • 99 ■ 9834 100 105 11634 10134 103 J&J J&J 10934 10634 1965 1st mtge 4s May 1, Diego Co Wat 6s A '62.M&S in Diego Water Supply Co— 1st ms f 58 1955 M&N in s IM&N f 7s 1942 10234 f / 50 c South Pittsburgh Water Co— 1st Hen & ref 5s 1960 ser A. J&J ♦ CaUed Jan. 1, 1937 at 100. 134 x-w 103 74 98 98 J&D 1941 '•„V> • 10334 1938 A..M&S 75 99 100 ; 10634 Southern Bell Telep & 1st s f g 5s 1941 opt 10734 108 10934 10134 10534 110 Teleg— 1916—J&J M&S M&S M&S 1st & ref mtge 4s 1960 Debenture 334s 1940 1945 Debenture 334s 1st Hen & coll 5s ? 107 ; 10534 10734 10734 107 3 34s May 1,1960 10734 Refmtge33is ser B July 1 '60— Southern California Gas Co— k 10634 1st & ref 434s 1961 M&S 10734 1st M & ref 4s Aug 1 '65-F&A Southern Canada Pr Co Ltd— 10234 1st M 5s 1955 ser A A&O Southern Cities Utilities Co— 15734 : 10334 56 5634 1958/r>a£&0 / ' 56 A&-—F& Southern Colorado Power Co— Southern Counties 1st M s f 634s A 10534 (Calif)— M&N 1939 ser 106 103 J&J Gas 10334 101 A-M&S Southern Natural Gas Corp— 1st s f 6s 1944 J&J .... 10334 Adj mtge inc Jan 1 6s '60. A&O / 94 10034 1st M pipe line s f 4 34s '51 A&O 85 Southern Neb Pow 534s B'47 J&J 12334 South N E Telep 1st 5s 1948 J&D Southern Trac—See Phila Co ,/v x Union Gas— 1st & ref 5348 series 11945 A&O 1st & ref inc 5 34s ser IP45 A&O / Southern 95 < , 10034 86 126 . v 8534 5234 69 1st Hen 6s 1937 with warr.A&O / / Certificates of deposit mmmm 38 ■ 3934 3934 38 96 1st M 534s May 1, I960--M&S Southwestern Assoc Telep Co— 10634 ' mmmm A&O 10234 103 Telep— '64-J&D 10934 10934 10534 10634 1st & ref M 3 34s ser B Southwestern Gas & Elec Co— 1st 4s series D 1960 M&N Ser deb 4s A 1937-1945-M&N 1st M 5s 1957 11034 1073$ .... 52 234 103 ser B 10334 10334 104 9934 F&A Southwestern Power & Light— Deb g 6s 2022 series A M&S Savannah Elec Co 5s g '52-J&J 11034 10534 f 1934 10134 1st M s 100 t CaUed Jan. 1 at 10234. b Basis, k Last sale, - c n 105 f 6s 1945 ser A____J&J Southwestern Ill' Telep Co— 1st M 6s 1948 M&S ■f; Southwest Gas Co (Okla)— 1st s f 6s 1954 M&N S'west Pub Serv 634s 1937--M&S / Southwest Telep 6s B 1947-M&S 110 12 10234 106 88 104 J&D Oonv deb ser A 1932 103"" 10634 States 1st 6s series O 1947 13234 10134 /This price includes accrued interest, 105 S'eastern Indiana Pow 6s '43 M&N S'eastern P & L deb 6s 2025.M&S J&D / 72 1 73 89 91 19 17 73 73 mj. 14 109 79 108 Spokane Falls & Nor 6s 1939. J&J Spokane Gas & Fuel 5s 1944-F&A Spg Br'k Wat 1st ref 5s '65.-A&O Spring Val Util ref 6s 1943.-J&D Springfield City Water— 1st mtge 4s ser A 1956 A&O irlngfield (Mo) Gas & Elec Co— 1st mtge 5s 1957 ser A J&D Springfield (Mass) St Ry— Ref & gen 6s 1940 B 10634 100 ii 101 10434 6134 111" Springfield Terminal Ry 7s 1942 .... 6334 66„ 12334 10834 12534 10934 8934 8934 9034 9034 8934 8834 2134 8834 92 10434 6% g notes 1935 Certificates of deposit Debenture 6s 1951 Debenture 6s 1966— 6% uouv 'o Certific 1937 at 10434. Dec. 28 at 100, 8334 100 103 1st Hen & ref 5s 1960 ser B-J&J 1st M 58 1955 F&A Southwestern Light & Pow Co— 1st M 5s 1957 ser A.. F&A 104 San Joaquin Lt & Power Corp— Unif & ref 6s 1952 ser B—M&S Sayre (Pa) Elec 5s 1947-—A&O Schenectady Ry lsttSs Mar 1, '46 Scioto Val Ry & Pr 1st 6s '43-J&D Scranton Elec 5s '37 opt '12.J&J 10634 9934 Southwestern PubUc Service Co— 1st & ref 4s 1947 ser D—Q-Jan 1st & ref M 5s ser F 1955-M&S 107 8234 J&J South CaroUna Power Co— 1st Hen & ref 5s 1957 1st M 5s 1961 Savannah Elec & Power Co— 104 M&N Southern Utah Power Co— 11534 11234 San Antonio Public Service— , .... Water— 10-year coll s f 6s 1942—A&O 103 —J&J d 10334 F&A e 104 10234 Santa Barb Tel 3 34s ser C'66 J&J Sauda Falls Co Ltd— 10834 1st s f 5s 1955 ser A A&O Savannah & Atl Ry conv 6s 1935 / 934 ^ 10634 4s Dec 1, 1943—J&D Southwestern Bell 97 98 10134 101 Southern United Gas Co— 100 98 F&A Refunding 6s 1956 M&N Stewart Mt Pow 5348 '57-A&0 San Angelo Telep 1st 5s 1958 F&A San Antonio G & E 5s 1949-M&S 10134 106 Southern Gas UtiUties, Inc— 10734 1st 5s 1951 1st conv s f 5s 1954 75" g 1st M 434s 1968 107 1979 J&D ■9834 Saguenay Elec 534s A 1953.J&J 103 Saguenay Power 4 34s A 1966 A&O 10334 1st 434s series B 1966 A&O St Clair County (111) Gas & El— 110 1st cons guar 5s 1959 M&S 97 St Joseph Gas—1st 5s 1937-J&J St Joseph Ry, Lt Heat & Powerlst g 5s Nov 1, 1937 M&N 10134 1st & ref 5s 1946 J&J 105 St Joseph Water 4s A 1966--A&O 107 St Louis Co Gas 1st 5s 1951-A&O St Louis Springf & Peoria RR— 99 1st & rer gu g 5s '39 opt—J&D R T. b Paul City Ry—See Twin City b Paul Gas Light— 115 Gen gold 5s 1944 M&S H134 Gen & ref 6s 1952 J&J 85„ 95 J&J 1937--J&J Somerset Lighting 5s 1939.-F&A Somerset Un & Mlddlessex Ltg— 1st g 6s 1947 series 103 Gen M 434s May 1948—B-—1st s f 4s Oct 1945 A&O Safe Harbor Water Pow Corp— San Jose Water Wks 5s 1953-J&J 73 23 10134 10034 S f deb 6s 1958 ser 26" 2434 81 10934 1966 CityServ 6s 1951 Southern California Edison— 103 63 105 Deb 124 122 10334 (Ga) Ry & L 5s '46—-A&O --A&O / 109 83 110 87 144 _ 103 J&J 1st mtge 4s 96" 107 1st & ref 5s 1958 ser B 105," 10434 10534 M&S So Texas Gas 634s 100 10634 Light & Pow— 1st ref 6s 1952 series A A_ Southeastern Gas & Water Co— 1st Hen 6s 1944 J&D 10534 101 21 1st 534s ser B 1957 M&S Silesia Elec Corp s f 634s'46 .F&A Sioux City Gas & Elec Co— 8834 114 10034 -J&D F&A Provincial L H & P 5s '46-M&S Prussian Elec 6s 1954 F&A / Power Secur coll tr 6s '49 10634 83 92 Ref mtge * 104 South Coast Co—See Indust— South Jer G E & T—See Pub Serv Corp. 34 6s 1938-1943 Power Corp of Canada Ltd—- : Oonv deb 4 34s 1959 SerB_M&S Providence Gas 4s ser B1963 109 10434 10034 Sierra Pacific Power Co— South Bay Consol 1st ref 5s 1950 10534 1st mtge s f 4 hs 2734 103 Shrevp't Bdge & Term 5s'55-F&A Shreveport Rys 1st 5s '36-44.J&J Mtge I; 8534 Ruhr Gas Corp 634s '53 A Rumford Falls Pow— 101 102 10334 10334 10334 9934 10234 10234 5s 1956 A&O 1961—A&O (Japan)— 1952—J&D Shenango Val Water 1st mtge 4s ser B Shinyetsu Elec Pow 1st sink fund 634s Snow Mt Wat & Pr 5s 105 65 105 U. 1st coll tr 434s 68 ser B.M&N 1st coll tr 434s ser D '70-A&O 91 Rome 'l it I' 6s 1947-J&J 10634 Plattsburg G & El 1st 5s 1939-— Pomerania Elec 6s 1953.-M&N 1 2034 10334 Pt Henry L H & P 1st 5s '46-F&A Portland Elec Pow 6s 1950-M&S / 2634 Portland (Ore) Gas & Coke— 7734 1st & ref g 5s '40 opt '20. -J&J Portland (Me) Gas L 5s A'50 Portland General Elec Co— Rockland 534s 1947-F&A Corp 6s 1946-M&S 42 , 10434 108 Shawinigan Water & Power Co— 1st M&col s f 4 34s'67 ser A A&O 1st Hen 6s / 5s ctfs 95 10334 M&S 8734 / 39 94 5s 1949 opt 1914—A&O / m 106 95 1st M 5s 1938 95 Platte VaUey Telep conv 1944 5s 1st & ref 5s I960 ser 28 —-M&N Rome (N Y) Gas. Elec Lt & P 1st ref 5s 1946 J&D 53 103 Plalnfield St Ry 6s 1942---J&J Plainfield-Un Wat 5s A '61.M&M 1st M 1st 90 65 50 . 16534 Rochester Gas & Elec Corp— 121 Gen mtge 4 3ss 1977ser D-M&S 10834 5s series E 1962 M&S Rochester & Lake Ontario 10134 Water 5s 1938 Roch Ry cons 5s g 1930 A&O / 61 2d 5s g 1933 ctfe of dep Rochester & Syracuse RR— 5s 1937 Pittsburgh Rys—See Phila v^o Pittsburgh Suburban Water Serv 1st 1 & ref 5s 1958 --M&S Valley Gas Co— 10634 1st & ref s f 6 34s 1960 ser A A&O Pinellas Wat Co 5Hs 1959-M&S 10534 10334 1st mtge 5s 1950 A&O Riverside Trac—See Pub Ser Cor Roanoke G-L 534s 1951 F&j 106 ~ 10434 10534 Rio Grande 7534 37 A&O 1st coll tr 4s ser F 1961—A&O 102 A&O Roanoke Ry & El 5s 1953..F&A Roanoke w W 5s 1950J&r Rochester Central Power Corp— Deb g 5s 1953 M&S 68 102 Elec & Peo 4s tr ctfs 88 IE Richmond (S I) Lt & RR— 1st coll tr g 4s 1952 84 9234 9434 38 10334 9234 7434 Second Ave Trac—See Phila Co— Sioux 6934 .82 Pass V — - 103 103 91 5s A 1959 ser 4s series B 1959 Seneca Power 95 2034 Union— J&J / 103 M&N F&A Sedalia (Mo) Wat 9334 J&D 11134 50 A 5s 1961 Scranton Transit Ref g 78" 76 99 - Elev 8634 62 / Republic Service Corp— Rhine-Ruhr Wat Serv Extl deb 6s 1953 ser 1st M g 5s 1939 opt 1914--M&S Seattle Lighting Co— Puget Sound Navig 6s 1938.M&N Puget Sound Power & Light— 1st & ref 534s 1949 -J&D 1st & ref 5s 1950 ser C___M&N 87 1st & ref 434s 1950 ser D.J&D 10434 Puget Sound Tel 5s A 1952.J&J Quebec Power Co— 10334 1st M & coll tr s f 5s 1968.J&D 12334 Queensboro Gas & El 5s '52.J&J 105 Conv g deb 534s '52 ser A.A&O 104 Rapid Transit St Ry 8s 1941-A&O Republic Gas 6s A 1945 J&D /130 / 130 Certificates of deposit 9934 RepubUc Natural Gas 1st 6s 19542 168 Income 6s 1954 1st coll trust 5s 1951 102 102 103 M&S 1st & ref 5s 1967 Seattle-Everett Traction— 79 11034 10634 10534 1st 434s 1936—-------J& Hest Mantua & Fairm 534s 39 Street loo" 45 Philadelphia Rapid Transit—; Coll tr g 5s 1957 optsf— S f guar 5s 1962 6s gold 1962 L v 1st m r e 6s 1944 J&J Darby Media & Ches St R Market 10934 45 Philadelphia Elec Power Co. 1st mtge 534s 1972 Phila & Garretsford St Ry—. 1st 5s 1955--- mmmm 100 104 101 M&N M&N M&N F&A 1st consol 4s 1948 Prior Hen 5s 1948 1st con 5s 1948 1st & ref 5s 1950 ■ 1st 4 Ms 1958 Scranton-Spg Brook Water Serv Seattle Gas 1st 5s 1954 un 1st lien 6s A 1949 w w—F& Peoria Water Works Co— Ask Bid Bonds Income 3s 1959 _ 100 106 k 10434 1st mtge 4s ser A 1966 F<& 102 Serial debs 4s Feb 1, 1937-46— conv 6s 1938 M&S 1st coll 4-534s 1948-——A&O 83 10334 10334 10334 PubUc Service Co of Oklahoma Secured 82 3-6s 1961 ~ Peoples Telep (Butler, Pa)— 4s I960... J& Peoples Tract—See Phlla R T Peoples Water Service (Md)— 104 34 10234 10234 10334 10534 534sA'53.J&D Public Utilities Consol Corp— 1st M 534s 1948 ..M&S _ 113 106 1103i P Serv of Penn 1st ■ Ask Scranton Gas & Water Co— 198oW-E7-J&J 117"" 11634 Refunding gold 5s 1947--M&S 9834 1st & ref 4s 1981 ser B----J&J 9934 1st & ref mtge 4s ser D *61 -J&D 10234 Chic GL&O 1st 5s 1937. -J&J 119 Mutual Fuel Gas g 5s' 47 M&N Peoples Light & Power Corp— 1st lien 534s 1941 J&J / 10034 : Oonv deb 5s 1979 J&J / 2734 * PubUc Service Co of Nor 111— 1st & ref g 5s 1956 op '21--A&O 1st & ref 5s 1966 series O-M&N 1st & ref 4^s 1978^er D.-M&N 1st & ref 4>4s 46 , Bid Bonds 10134 o<-r 99" Peoples Gas (N J) 1st 5s '68-J&D 102 1st sf 534s 1960 J&D 1 43 Peoples G & Fuel 6 34s ww'37 A People's G L & Coke, Chicago 12134 1st cons g 6s 1943 A&O ■ Ask Bid Bonds jrtmii A&C / / F&^ J&I / / 90 , 8934 VP Called Jan. 1, 1937 at 104. d CaUed Jam 1, 1937 at 10334. e CaUed Jan. 1* Nominal, z CaUed Jan. 22, 1937 at 103. V Called Feb. 1 at 105. z Called Jan., 1937] PUBLIC 79 UTILITY BONDS NOTICE—A1I bond prices are "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bid Bonds Standard Power & L Oorp— Deb g 6s 1957 F&A Stark Elec RR see RR Stettin Pub Util 7s 1946— A&O / Steubenville Wellsburg & Weirton Ry 1st 5s 1951 88% 88% 76 78 74 V Standard Public Service Oorp— 1st lien 6s series A 1948—-F&A 1st lien 6s 1948 ser B J&D ; Standard Telephone Co— 1st 1 coll tr 5%s '43 ser A-M&N f Conv deb 6s 1938 ._M&N / 76 ...F&A United Light & Power Co— Deb g 6 Ms 1974 M&N 1st 1 & consol 5Ms 1959--A&O Deb g 6s 1975 .—-M&N 84 86 , 14 16 21% 23 58% 109% mm m + 104 M 105% 105% 104 M 98 122 Tampa (Fla) Gas 5%s '56._A&O 108 40% 41 108 73% 105% tin 86M 87 M 92% 100 _ 93 M 101 102 88 102 10d 96 99 M 103 102 99 M 103 92 M 14 >? 9M 9 105% 39 96 M&S 86 J&J M&N Texas Pub Serv 1st 5s 1961 Texas Traction Co 5s 1937--J&.1 Third Avenue Ry (New "* ork) 1st ref g 4s 1960 opt aft '14 J&J 105 105 M 93 92 a; sm 9, 67 M 68 , Adj inc g 58 Jan 1960 opt_-A&0 / 39 100 M Third Ave RR 1st 5s g r37-J&J 90 Union Ry 1st 5s g 1942—F&A 75 Westchester El 1st 5s g '43-J&J 76 Yonkers Ry 1st 5s 1948.-A&O 102% Tide Water Power 1st 5s '79-F&A 103 ,.87 J 1st s f 7s 1955 ser A M&S15 Tokyo Elec Light Co (Japan)— 1st g 6s 1953 series J&D15 Toledo Edison 5s 1962 M&N Traction & Term'l Corp 5s '57J&J 92 81 122 M n 50 n 10 103 5 mi 92 104 5 105] 1053 105% * 91 90% 106% 105% 106% 106% 106 99 J&D 97 M 98 J&D 98% 91 118% 125% 125 127 104% 104% 107% 106% 10 12 68% 63% 70 25 27 63% 50 23 97 York Rys 1st M g 5s '37 opt. J&D 88" 102 % ;; 105 110 109 102% 117% i"; $6 preferred b Basis. /Flat price, ■■V * * Preferred American Light & Traction6% preferred. .. ..25 70 105% 122% 108% 108% 111% 66% 84 97 5M% preferred Utility Amer States Preferred J&D 1&5 k Last sale, n 107 114 101 *81 * 96 04. 1 101% 106 106% 63% 62 M 99% 73 90 45 106% 80 M 69 59 91M 58 40 45 6M 128 M 132 , 7% 57 M 19% 46M 2% 39 112 3M 21% 28 * '■'V5% 15M 5M 15M 2% 17 — — * * * com.. American Telep & Teleg 100 Amer Utilities Service common.* 6% preferred-. 25 v, 93 46 184% 1% ,11 99 Amer Wat Wks & Elec * 25% 92% $6 1st preferred * Appalachian El Pow 7% pref ..* 6% preferred * 102% 108 100 Arizona 35"" Edison com * com Arkansas Natural Gas Corp...-* Class A non-voting * ..10 Arkan & Mo Pow 7% pref-—.100 Arkansas Pow & Lt $7 pref * 6% preferred _* Associated Gas & Elec com ....1 Common class A 1 Preferred 72 . 123% 109% ..... 109 Original preferred 112 $4 preferred-j.$5 preferred $6 preferred 86 M preferred 88"" 103% 10 103 * * * $7 preferred $8 int bear allot ctfs I 97% 99% * * * Option ....... warrants Class*^ OTred prei Atlantic City Elec $6 pref Nominal, a; Ex-dividend. 8 8M / 92 85 k ii% 32% 28 23% 29 20 S32 24% * 50 10 * * Light 6% 105% iH 10 * 53 6 100 98 114 Telep Oo Ltd $1.25 pf Assoc Telep & Teleg $6 pref. Atlanta Gas 102 — Assoc . >. * 93 50 106% 105 118 ,98% 12% 80% 68 com , Superpower Corp [j 101% * * -* First $6 preferred Preferred $6 series •' v 98 106% 106 -25 Powei & Light com $6 p.cferred$5 preferred. —: Amer Service pref units ... —J&J 105M 111 ~2 Amer : 106% * ... : {Called Feb. 1 at 102%. * - 100 97 * Amer Gas & Power com__i Amer 111 —A&O 1946 19% 19% 100 95 102 Western Cont Util 6s 1944.-M&S f 8 Western Lt & Telep 5s 1954.A&O 102 Western Mass Cos— coup notes J A. Amer States Pub Serv com.: 18% West Virginia Gas Co— 1st s f 6 Ms '37 with war.J&D West Va Water Service— 1st mtge 4s 1961 A&O 3% % * * * i Warrants Amer Gas & Elec com Warrants ; 100 — 109 2d extended 1956 m&N West Texas Utilities Co— 1st M 5s 1957 ser A.. ..A&O 94 * $7 preferred$7 second pref series A $6 cum pref 97 95 25 1 com 105% 105% f. .... Class A opt div ser w w Class B 108"" 93"" 91 105M * Alabama Water Service pref * \llegheny Traction—See Phila Oo Allentown Beth Gas pref Amer Cities Pow & Light cl A 25 86 Wayne United Gas 6 Ms '44. J&D / 91 West Canadian Hydro-Elec— 1st 6s ser A w w 1950 J&J 97% Conv deb 6Ms 1945 92 J&J West Coast Telep 5s A 1953.J&J 99 Westchester Elec—See 3d Ave Ry Westchester Lt 1st g 5s '50.-J&D 126% Westchester Serv Corp 6s *48 A&O / 33 West End St Ry—See Boston El West End Trac—See Phila Co J&J 104M * $6 preferred $5 preferred Preferred Amer & Foreign Pow com— 86% V 85% 83% V 84% 69% : 70% 106% 76" 74 / 98 99 M ; Alabama Power $7 pref 10 f West Penn Tr 1st 5s 1960—J&D West Phila Pass Ry— 93 PUBLIC UTILITY STKS. Amer Dis Tel of N J Water Service Cos 5s *42.-M&S Watert'n L&P—See No N Y Util. Waukesha Gas & Electric Co— 1st 5s 1959 J&J 1st M 3 Ms ser I 1966 100 Yadkin River Pow 1st 5s '41 A&O Yonkers Ry—See Third Ave Ry 104 103 1st s f g 4M8 1943 J&J f Worcester St Ry 5s A 1947. J&D Worcester Transit Association— 101% 100 104 104% 4s serial deb June 1 *1937-1946Wis Pow & Lt 1st mtge 4s 1966— Wisconsin Public Service Corp— 103% ...J&J J&J 103 102 Williamsport Water Co 1st M 5s Aug 1952 ser A—F&A Wilmington Ry Bridge 5s 1943.Winnipeg Elec ref 6s 1954..A&0 1st 4Ms 1960 -.J&J Wise Fuel& Lt 1st 5s 1948..M&N Wisconsin Gas & Electric— 1st mtge 3 Ms 1966 A&O Wisconsin Hydro-Elec Co— 1st M 5s 1947 A&O Wisconsin Michigan Power Co— 1st mtge 3%s 1961 J&J Wisconsin Minn Light & Power— 1st & ref 5s 1944 opt '19—M&N Gen & ref 7s 1947 J&J 1st & ref 8s 1944 M&N Wisconsin Power & Light— 1st mtge 4s ser A 1966 J&D York (Pa) Gas 1st 5s 1941.M&N York Haven Wat&P 1st 5s'51 J&D 106% M&N 107 M 106 M&N 71 109% 23 Wheeling (W Va) Electric Co— 25 98% 107% M&S 108% 104 20% J&J / f 6s 1953 Wyoming Vail P S 6s 1971--A&O 65"" 125 lstrer 5s 1939 op 1st & gen 5s 1960 s Cum income 6s 1952 J&D Cum income 6s (ws) 1952-J&D 102% M&S / 1955 1st M 50 104 5s 112 69M 103 mtge 4s 1961 J&D Wolverine Power 7s 1943 J&D Worcester & Conn Eastern Ry— 103 M 105] 105] 103% 1st J&D 1st ext 3 Ms 1956 101% 106 109% 102% 100% West Penn Power— 1st M 5s 1963 series E 1st M 4s 1961 series H 67 55 Union Water Wks Go— 1st lien 5Ms 1942 M&S 15 f 18 Unit Elec Co of N J 4s *49—J&D 116% United Elec Rys (Providence)— Gen ref M 5s Jan 1951 ser A— 96 Gen ref M 4s Jan 1951 ser B._ 91 102 100 Certificates of deposit Union Passenger Railway— ♦No par value. »i——»i—'* o o /, 12% Vicksburg Bridge & Terminal— 6s 1958—M&S / 69 23% Debenture 7s 1948 M&S / Virginia Electric & Power— 1st & ref M 4s ser A 1955.M&N 109% Virginia Public Service Co— 102 1st & ref 5%s 1946 ser A—F&A West Ohio Gas 6s A 1954 West Penn Elec deb 5s 2030. A&O J&D 24% 103% 102 102 Washtenaw Gas 1st 5s 1953—J&J Waterloo Ced Falls & No Rylst M s f g 5s 1940 19 J&J / 90% 105] 21 105 86 City & Sub 5s g 1948 F&A ; Washington & Suburban CosColl trust 5%s 1941 M&S t 102 Washington Water Power Co— 103 J&D U 1st 4s Mar 31 1961A&O r 2d ext, 4s Mar 31 1960 A&O Union Pub Serv (Del) 6s '39-J&D Union Ry—See Third Ave Ry Union Traction—See Phila R T Union Water Service CoFirst lien 5 Ms *51 ser A.M&N 1—' 1st lien & ref 6s w w I960-F& A Wash Ry & El g 4s 1951 J&D Anacost & Pot 5s 1949 A&O 1st guar 5s 1949 A&O .... f 5s 1948—J&D 103 Utilities Power & Light Corp— Deb g 5 Ms 1947 J&D Deb 5s 1959 F&A Utilities Public Service Co— Conv 6s 1933 —J&D / 1941 op J&D 1955 ser A 1st M 5s 1960 ser O 22% Utah Lt & Tr 1st 5s 1944 A. .A&O Utah Power & Light Co— 1st — s S4 58 55 con 5s Mar 1st 6Ms 1st 5s series B 1957 M&S Western Utilities Corp— 6% notes 1937 M&N Westmoreland Water 1st 5s.-1952 99 Refunding 5s 1958 J&J Washington Gas & El Co— 1st s f 5 Ms 1947 F&A 1st M 5 Me 1953 J&J 75 107 v: 70 93% 1st lien & ref 5 Ms B 1952--J&J V 90; I ) 8t Paul City Ry— Cable con 5s 1937 J&J16 * 100] k 100] Guaranteed Twin States Gas & Electric— 102 M 1st 1 & ref 5Ms 1945 Ser A.M&S Tyrol Hydro-Elec Pow Co— T 1st M s f 7 Ms 1955 88% M&N Guar s f 7s 1952 —F&A 89% UJigawa Elec Power (Japan)— 1st M & coll 91 101 1st lien 6s ser B 1953 M&N United Traction (Albany)— Con g 4 Ms 2004 J&D / 18% 1st M 107% 105 5%to'4lM&N 104% 105% 107 111 1st M 58 1941 opt M&N White Plains Ltg 1st 5s '38. -J&J Wichita Water 6s 1949 M&S 1st M 5s 1956 ser B_ F&A 81 81 Wash'n (D C) G L 5s 1960--M&N 74% 106M 102 M Tri-Cbunty Telep 4%s B '56 A&O 4 Troy City Ry 1st cons 5s '42 A&O / 105 Troy Gas Co 1st 5s 1939--M&N 1st 4 Ms 1950 Union Gas System— 80 80 . Toho Electric Power (Japan)— 1st serial 4s 1939-42 1st serial 4 Ms 1943-45 36% 35% M&S F&A Virginian Power 1st 5s 1942. J&D Wabash Telephone— s 1st M 4Ms A 1956-.. J&J Warren Ohio Telep 6s 1942.M&N Washington Bait & Ann El— 39] it at e 93 104] 111! Westphalia United El Pr (Germ) A 1952—M&N B 1952—M&N United Telep Del 6s A 1948 A&O United Tel & Tel 5%s A '53.M&N 1st & ref 58 1950 ser B 1st & ref 6s ser C 1952 Deb s f 6s 1946 101^ . ; 19 35% 31% Vermont Ltg Corp 1st 5s'44 A&O / Veflten Elec Ry 7s 1947 J&D / 112 Union Gas Co. of Canada— 1st serial 3 Ms 1936-38 93% 18% f 5 %s ser f 5%s ser / Utilities Service 6s 1953 Conv deb 6 Ms ser A 1938-F&A f Vamma Water Pow 5Ms '57.A&0 97 96 92% 18 Gen 5s 1952 series E J&J Utica & Mohawk Valley Ry— 1st 4Mb 1941 M&S / ; 94 A&O M&S l«t g 5 Ms 1954 ser A J&J Union Elev RR—See N W Elev Union Gas & El 1st ext 5s '40M&S s 100% 62 M 92 £ ■95 Utica El & P 1st 5s 1950---J&J Utica G & El ref & ext 5s *57 J&J Gen 5Ms 1949 ser C—.J&D 15 Gen M 5s 1956 ser D A&O 81 35 1st M s f 7s 1945 M&S15 Union El Lt & Pow Co of St L— Gen 5s series A 1954 J&D Gen'l mtge 5s 1967 ser B..F&A General 5s 1957 A&O General 4Mb 1957 M&N Union Elec L & Pow of Illinois s 109M 80% 61% 89 2d 6s 1939 F&A 23 Street Ry—See N Y Rys Twin City Rapid Transit Co— 1st lien & ref 5 Ms A 1952J&D Coll 6s May 1 2022——M&N 1st lien gen M 5s 1944—F&A 1st lien & gen M 4 Ms 1944.F&A Utica Belt Line Street Ry— 1st 5s 1939 M&N 3? J&D Mut Un 6s 91 Western United Gas & Elec Co— Deb M&S 1941 4% M 5s g *30.J&J f Gen g 1947 J&D f Unit Trac (PGH)—See Phila Co Unterelbe Power & Light Co— Sink fd M 6s 1953 A&O / 92 98M Texas Hydro Elec Corp— General 6s 94 98 - Fdg & R E M 4Mb g '50—M&N 25-year g 5s 1951 J&D 30-year 5s Mar 1 1960—-M&S United Securities Co— Albany Ry Texas Consumers Water— 11 1st 6s A 1939 A&O f 8 Texas Elec Ry 5s 1947 J&J 1 8 Tex Trac 1st 5s 1937 opt.-J&J / Texas Electric Service Co— 105M 1st mtge 5s 1960 .-J&J 35 Texas Gas Util 6s 1945 A&O Trenton G & El g 5s 1949. .M&S Trent*n Pass Ry 1st ext 6s'61 A&O Trenton St Ry ext 5s 1968--J&J 106 93 6s 1950 91% f 6 Ms 1933 United Pub Util Oorp— Conv coll tr 6s A I960-...J&J Conv colltr 5 Ms B 1960—J&J Coll 102 A&O Telephone Bond & Share Co— Deb 5s 1958 J&D Telephone Service (Ohio)— 6s 1953 M&N Temescal Water 1st 5s A *60 M&N Tennessee Eastern Elec Co— 1st M 5s 1943 F&A Ref s f 6s series A 1955 M&N Tennessee Electric Power— 1st & ref 6s 1947 ser A..-J&D 1st & ref 5s 1956 J&D Tenn Pow gu 5s 1962 opt--M&N Tennessee Public Service— 1st & ref 5s 1970 .-.A&O Terni Hydro Elec 6Ms 1953.F&A Terre Haute Traction & Light— 1st con M g 5s 1944 M&N Terre Haute W W Corp— 1st M 6s 1949 ser A J&D 1st M 5s 1956 ser B F&A Terre H'te & West Ry 5s *37 M&N Texarkana Wat 1st 5s '58—F&A Texas Cities G?s 1st 5s *48—M&N 1961 - Western Pow (Can) 5s 1949--J&J Western Public Service Co—_ 1st & ref 5 Ms 1960 F&A Western States Util 6s A *45-A&O Western Union Telegraph— Coll tr 5s 1938 J&J 1950 6% Eq 7 Ms Feb 15 1936 F&A / United Rys of St Louis— Gen g 4s July 1 1934 J&J / City & Sub Pub Serv 5s '34. J&J / 127 Syrac Rap Tr 1st g 5s 1946-M&S / Taiwan El Pow s f 5 Ms 1971-J&J Deb g 6s 2022 ser A 1st & ref 5s 1956 87 91% Rys (Del) deb 5 Ms.52 F&A United Rys Cos 4% ctfs '49.J&J / United Railways of Havana— 99 _ 1st mtge 6s ser A 1956 Texas Pow Corp 6s 1956 General 6 Ms 1956 Texas Power & Light— 85 United Public Service Co— Coll tr 6s 1942 ser A——A&O f 107. 107% 1st 2-6s 1951 85% 114% 114 J&J - 99 106 5s series B ' Super-Power Co. of 111— 1st 4%s 1968 M&S 1st M4Ms 1970 M&S Sutter Butte Canal 6%s '43-M&S Syracuse Gas g 5s 1946—J&J 5s 85 94 101 J&J 108% 91% 106% Ask Bid 106 1st Lt&Rys (Me)6s A'52 A&O Deb 6s 1973 Un Lt 108% A&O Suburban Lt & Pow 6s 1938-F&A 1st 108 United 64% 101 100 s Bonds Western N Y Utilities 5s *46. J&D Western N Y Water Co— 1st M 5 Ms 1950 M&N 1st M 5s 1951 M&N Ask 62% f 5%s 1948 J&J United Ilium Co New Haven— 1st Stewart Mt Pr—See Salt Riv Vail Suburban Gas Oo. of Philadelphia lstsfg5s Apr 1952 United Elec Serv (Italy)— Extl 1st s f 7s 1956 ser A..J&D United Gas & Fuel (Hamilton)— 1st 4s Feb 1 1940 55% A&O Bid Bonds Ask 99% 80 PUBLIC UTILITY Quotations for all securities are as near as possible for the Stocks Stocks Bait Transit Oovtc Preferred v t c 100 Consumers Gas (Toronto) 100 Consumers Pr (Maine) pr 6%-100 .25 -10<» 6% preferred _.100 Baton Rouge Elec Oo $6 pf * 6.60% preferred 100 100 Beverly Gas & Elec j. Birmingham Elec $7 pref 25 $6 preferred. * ._ * Blackstone Val Gas & El pref.100 Blue Ridge Corp 1 * $3 conv preferred Boston Elevated Ry com Brazilian Tr Lt & Pow ord 67H 100 * Bridgeport Gas Light Bridgeport Hydraulic Oo _ * * * com $6 preferred 51% 101% m 35 49 Buffalo Niagara & East Power— Class A 32 $1.60 prior preferred 25 $5 1st pref * Cable & Wireless Ltd— Amer dep rec 7%% A ord--£l Amer dep rec B ord £1 Amer dep rets 5%% pref £1 Oallf-Oregon Power Co— 6% preferred series of 1927 100 6% preferred 100 Calif Water Serv 6% pref.... 100 Canada Nor Pow com * Can Hydro-El Oorp 6% 1st pf 100 Canadian Marconi 1 24 % 25 Cent Arkan Pub Serv Corp pf 100 Central Elec Tel com 1 1 X 4H 5% 103 103 X 29 m u Cent Hud G & El 1 ^4%% preferred 91 93 100 1.80 110% 111X 108 109 69** 29** 89 L90 68% 28% 86 96 99 Mississippi Valley— Elec Properties 6% pref 100 Cent Ohio Lt & Pow 6% pf * Central Pow 8c Light 7 % pref 100 Cent & S W Util com 1 Preferred 1 ...» preferred—. * Central States Elec Corp 1 7% preferred ..100 Oonv preferred100 Conv preferred ser of 1929- -100 6% cum pf (without warr) .100 Central States Pow & L $7 pf--* Chester Water Serv 5** % pref..* Chic City 8c Con com part ctfs..* _ lii 98** 89** 87 is T 4 63 100 IX 44** Preferred 100 Cincinnati Street Ry Cincin & Suburb Bell Telep Cities Service com 50 50 * Preferred 100 Preferred B 10 Preferred BB ..100 Cities Serv Pr & Lt $6 pref * 7% preferred 100 Citizens' Pass Ry—See Phila R T Citizens Traction—See Phila Co Citizens Utilities com * common $4.50 preferred * Cleveland Railway 100 Certificates of deposit Coast Co Gas & El 1st pref__100 Colum G & El Oorp (Del) com..* 6% preferred series A 100 5% preferred 100 5% conv preferred 100 Columbus Delaware & Marion— 7 % preferred 100 Col'bus Ry P & L 1st pf A 6% 100 Preferred 6%% ser B 100 Commonwealth Edison Co 100 Commonwealth & Sou Corp com Optional warrants $6 preferred Community Pow & Lt Voting trust ctfs First preferred 6% Community Pub Serv com com Certificate of deposit Community Water Serv com 7% preferred... Concord Elec Co 6% pref 100 25 15 101% m 105* 5 X Connecticut Light & Power 5 % % preferred -.100 Connecticut Power 25 Connecticut Ry& Lighting 100 Preferred 100 Cons Gas E L & P (Bait) * 5% preferred series A 100 Cons Edison Co of N Y—Com * $5 preferred Consolidated ; Class A * Gas Utilities com.l 1 Warrants k Last sale, n Nominal, r * * * Essex & Hudson Gas 100 European Elec class A____ Option warrants 74% 70 66 66 Federal Water Service com A-.* 97 130 $6 preferred . . . . . . .'+ .. . * ... . . S6% preferred,,—-.*.——...* 100 $7 pr©f©rr©d 8% ' ; Fitchburg Gas & Elec Light..50 Florida Power & Lt $7 pref * Foreign Light & Power units * Frankf'd & S'thwark—see Franklin Telegraph (guar) Phila _ 03% Co. 4% 53 52 58 47 61 95 R. T. 100 43 Gardner Elec Light common .100 Preferred 100 130 Gary Elec & Gas common * Gas & Elec of Bergen County. 100 Gas Utilities Co * 3% 46 % 111% 3% Gen Gas & Elec 62"" 60 58 102 X 60 103** 18 X 18% 105 X VOX 106** 91** 92 97 94 109 107 (Del) com A..* * * Preferred $6 pref ser A * $6 conv pref ser B * Gen Italian Edison Elec Corp— Amer shs for ordinary stock. Gen Public Service Corp * cum conv _ % 2% 65 55 58 * 27 * 20 72 Gen Telephone Corp com 118 108** * ~«»«-— ~ — Gen Telep Allied Corp $6 pref-.* Gen Wat Gas & Elec com A 1 3** $3 preferred * Warra nf.si 71 • "•••••.!_•; i- T 62 32** Germantown Pass-r-See 21% 50% 1% 99 9% 37 1 93 Georgia Power $6 preferred. PhilaRT 88 63 Gloucester Elec Lt Co... Gold & Stock Telep (guar) Green 8c Coates—See Phila "2" Green Mt Pow Corp $6 pref— * Greenwich Wat & Gas 6% pf-100 89 84 Gulf States Util $6 pref 93 85 48 109 50 54" 49 d 50 1** 72 115 117 53** ? 54% 1 % 2% 16 18 87 89 114 115 44% 44% 106% 107 2% 3% 1% I 1% . riH Canadian price, 25 25 — Bridge Preferred Hamilton Gas .......-.100 common vtc * Hartford Electric Light—....25 Hartford Gas com 25 Preferred 105 T "" Preferred Hamilton R * $5.50 pref Hackensack Water , 25 100 6% preferred Haverhill Elec Light 32% 34% 11% 63 67* 1 100 25 Hestonville M & F—See PhilaRT Holyoke Water Power „__100 Hudson County Gas.........100 a; Ex-dividend. 33* 19 16 23 49 67 73% 101% 102% 98% 100 71 . 65« . 72% 66% 36% * r 130 mmrnm 54 42 101 92% 87*1 43 103 94 89 * * * ...25 com cl A * 5% preferred-.—.........100 6% preferred.; u.-..——-100 7% preferred 100 Louisville Railway Co 100 Preferred^ ... ...—.i——.100 Lowell Electric Light. 25 Luzerne Co Gas & El $6 pref.100 7 % preferred100 Lynn Gaa& Elec Go.——. 25 Mackay Companies 4% pref. .100 ...... . . . ... Maiden Electric Co 25 Maiden 8c Melrose Gas Lt 25 Manhattan Elev Ry 7% guar. 100 Modified 5% guar..; 100 Marcon Int Marine Commun'y— Amer dep rets for ord shs £1 Market St Ry(San Francisco) .100 6% preferred 100 6% prior preferred 100 6% non-cum 2d preferred-.100 Mass Power & Light Associat'n— Common with warrants $2 Preferred * Warrants .......i„* Mass Utilities Associates vtc-1 — u ... 5% conv partic preferred—50 Memphis Natural Gas * Memphis Power & Light $7 pf. * $6 preferred---.;— Metropolitan Edison Oo— $7 preferred series B * $6 preferred series O—......* $6 prior preferred—; * Middle West Corp com 5 W q m *1 fs * Without par value. .. • i ■■ 107 101% 102 12% 4% v-v West" Utilities!-II III..* $6 conv preferred series A * Midland Util 7% prior lien-100 6% ..25 Havana Elec Ry com Louisv Gas & Elec 25% 105 Middl e 32% 31** lix Common without warrants...* 37 common $3 conv preferred Warrants 12% * 25 Lexington Wat Serv pref.... Lincoln Telep & Teleg com. .100 Lockhart Power Co pref Lone Star Gas Corp.......... 6%% preferred .100 Long Island Lighting com 7% preferred A.... 100 6% preferred B 100 Los Angeles G&E Corp 6%pf 100 Louisiana Power & Light $6 pf-* 60 St* 5% preferred - 7 122 * 6 preferred General Pub Util 100 111 116** 3% /fe 70 57 31 J* 61 7% Preferred 8% 48 100 3 48 1% $1.75 preferred. $3.50 preferred * Warrants new Interstate Natural Gas * Interstate Power pref 57i——** $6 preferred...... Investors Telephone com lowa Electric 6%s pref 100 Iowa El Lt & Pow 6% pref..100 7% preferred.. 100 Iowa Pow 8c Lt 6% pref 100 7% preferred. 100 Iowa Pub Serv $6 pref * 6%% preferred. $7. preferred. i * .fcowa Southern Util 7% pref. .100 6% preferred-—_. Italian Superpower common A..* Debenture rights Lawrence Gas & Elec Lt Lexington Util 6%% pref 20 15% $ 72 77 81 195 Fairm't Pk & Hadd Pass Ry—See Phila K Fall River Elec Light 60 ..25 Fall River Gas Works 25 19. Federal Light & Tr com 25% 15 106% 96 4% 58% 5% 57 66 69 30 87 8 10 Preferred ($6) * Fed St & Pleasant Val—See Phila 47 i00 1 101 5% 90% 100 Kansas Gas & Elec 7% pref.. 100 6% preferred 100 Kentucky Utilities 6% pref.. 100 7% preferred 100 Keystone Pub Serv $2.80 pref..* Keystone Telephone— $4 prefer»encei..._t—....150 Kings Oo Ljtg 7% pref 100 5% preferred....... 100 Laclede Gas Light 100 5% p«6ferred-.a--i.i.^iW^100 65 52 .... 9% 32% Kansas Elec Pow 7% pref 41 52 215 Empire 8c Bay State Teleg 100 Empire District Elec 6% pf._100 Empire Gas 8c Fuel Co pf 8%.100 Preferred 7% 100 6 % % preferred 100 8 11% * 7% preferred vtc 625 com .50 Preferred. .............50 Eliz Consolidated Gas 100 r 103% .....1 1st pref $6 series B Kansas City Pub Serv vtc 26% Eliz & Trenton RR Engineers Pub Serv com 5 convertible preferred 5% pref (with warrants) 6 preferred Class B 99 3 57% 100 Jersey Cent Pow & Lt 7% pf.100 6% preferred 100 5**% preferred 100 Kansas City Power & Light— 12** 100 Preferred................... 20% m "l" Common Conn Gas & Coke Sec pref Common Optional warrants El Paso Electric Co (Del)— Preferred series A 7% El Paso Nat Gas com W&IT&lltS Units.. International Ry v t c International Telep & Teleg International Utilities A Jamaica Pub Service Ltd 76 108 96 Interboro R T vot trust ctfs..100 Internat Hydro-El Syst A.....25 Conv pref $3.50 series 50 Internat Ocean Teleg <guar).. 100 International Power Co * Preferred100 Jamaica Water Supp 7%% pf..50 Jefferson Electric com * 24% * 100 Illinois North Utilities 6% pf.100 Ilium & Power Secur 1st pref.100 Illuminating Shares class A...... Indiana Service Oorp— 6% preferred 100 7 % preferred 100 Indianap Pow & Lt 6%% pf.100 Indianapolis Ry Co v t C-....100 _ 89% 83% 21 23% 19% Chicago Rapid Transit— Cleve Elec Ilium * 6% preferred 100 Empire Power Corp partic stk__* $6 preferred ,.* Empire Telephone com 100 Prior preferred A 100 Prior preferred B 100 Cincinnati Gas & Elec 5% pf 100 Cincinnati Gas Transp.i 100 Cine New & Cov Lt & Trac-_100 m UH ...* 25 AH Pref partic ctfs. * Chic Dlst Elec Generat $6 pref.* Chicago Rys partic ctfs series. 100 Series 2 100 Series 3 100 Series 4 86 1 2d pref series A 100 92 * 18% 100 100 6% ' 17 X * 50 15 8 * * * 100 i> 2% 1 Elec Power Association Class A full paid Elec Power & Light Corp $7 preferred $6 preferred vtc 7** •'.V6:v 157 22% 79% 72% 9% * ....... $6 preferred $0 preferred 103 34 Central Illinois Light— 4% % preferred Cent 111 Pub Serv $6 pref Cent Indiana Power 7% pref Central Maine Pow 6% pref 7% preferred Prior lien Convstock—..... 15 101 . 30 18 J* * A Edison Elec Ilium (Boston)..100 Electric Bond 8c Share * —.100 com y 93 52% 52% $6 preferred 1st preferred 100 Internat Power Securities com..* 79 146 .61 69 $6 preferred series B—,.*...■..* Eastern Util Assoc com * 93 108% 21: 6** East Shore Pub Serv 6 % % pf 100 6% preferred 100 Eastern States Corp com * $7 preferred series 92 26 16 .. 6% preferred 100 4%% prior preferred..-.-.100 Ry com 100 6% 1st pref stamped.... 100 6% prerB stock 100 5% adjustment stock 100 33 6%preferred Cent ; 106% Capital Transit (Wash, DC) 100 Carolina Pow & Light $7 pref --* $6 preferred. * common. Eastern Mass St 105 X 106 -■.(•70 East Coast Public Service v t c_.l Eastern Gas & Fuel Assoc's— Common ....* 36 48% 112 Duquesne Light—See Phila Co— 6% * * $4 preferred....... $5 preferred 104% * Brooklyn Union Gas ^ 3% 19 75 143 109% _ Ill Commercial Telep $6 pref-..* Illinois Pow & Lt 6% prer____100 ... O ; __100 100 Duquesne Nat Gas "9"" 48 108% * 100 Detroit Edison.. Duke Power 18J 52 99 110% 100 com.-. Derby Gas & Elec $7 pref 11X 106% 106% O Tramway 39 ... 106% o opO1O1O .* Preferred 39% Brit Ool Pow Oorp A * r Class B * r 11 Broad River Power 7% pref-.100 95 Brockton Gas Light Co v t C-.25 8** Brooklyn Edison 165 100 $6 preferred series A Bklyn & Queens Transit Denver 11* * 20 Bklyn Manhat Transit... 205 tO 100 6% preferred Dayton Power & light 4%% cum preferred... 110% 6% 1st preferred ~ 1 ■ * . Birmingham Gas $6 pref Idaho Power 7% pref $5 preferred * Continental Gas & Electric— 7% prior preferred 98100 Continen Pass Ry—See Phila R T Cuban Telephone pref 100 ■xi:4 4HCumberland Gas com 3 Cumberland Co(Me)P & L 6% pf ; 110 104 5%% preferred Dallas Power 112 Light 7 % pref 100 * com Bell Telephone (Canada) Bell Telep of Pa 6% pref Stocks Cons Trac of N J—See P S Oorp Cons Trac (Pittsb)—See Phila Co * Bangor Hydro Elec com 7% piefeired Beauharnois Power STOCKS dosing day of the month preceding the date of Issue prior lien—..........100 7% preferred class A—. .100 preferred class A_.—100 Milw Elec Ry & Light— 6% pref series 1921 100 Minnesota Pow & Lt 7 % pref 100 $6 cum preferred—.......100. 14c •;V; y r- ■v 3 3 6% Mississippi Power Oo— $6 preferred $7 preferred—... 3% 103% 99% 94 106 100* 94* ; 69% Miss Power & Light 6% pref—* Mississippi Riv Pow 6% pref.100 vlissouri Pow & Lt $6 pref__...* Missouri Pub Ser 7% pref—100 Common "wi". Mohawk-Hudson Pow 1st pref..* 2d preferred— * Monongahela L & P—See PhilaCo Monongahela St Ry—See PhilaCo 71 76% 81% — 81! 83* 115* 102* 114% 101* 17 12 Si* 104 112% 114 1 PUBLIC JAN., 1937] Quotations for all securities Par Stocks Bid Montana Power 6% pref Montreal L H & Pow Cons Montreal Telegraph 75 104?* 34 68 94 : 5?* * 40 r Montreal Tramways com 100 Mountain States Power com—* r 7% preferred 100 Mountain States Tel & Tel..100 Montana Power 6% pref.— * Municipal Service 6% pref National Power & Light com - ''mm mm 73* 11 h 90% 116 7 135* !7 prior preferred 131 4 3?* . 62 26 7% 23?* 90 85 87" 7 % preferred » New Rochelle Water 7% pref 100 N Y Central Elec 7% pref—100 N Y Mutual Telegraph 25 N Y Pow & Lt Corp $6 pref..—* 36 ' 'rn'mmm 25 100 28 105?* 113?* New Common. 69 ; _._._* 122 100 ............ 109 5% preferred N Y Omnibus common * ; > : * * $6 dividend pref * 175* • * —* 6% preferred 50 North Amer Edison $6 pref--—* North Amer Light & Pow 1 $6 preferred 165* Me 2?* 305* 54 5* 50 17 ; H I'-: 2?* 31 65 102 103 35* * Nor Amer Utility Sec. Nor Bost Ltg Prop com 116 47 10 com 100 llo?* * 66?* 4% £* 40 Preferred 100 North Continent Util com—.100 6% preferred 7% preferred Northeastern Wat & Elec 54 1 100 ... 45 61 ,!■ 100 ; - 1H 4 7 ;v 7 19 com... Preferred Nor Indiana Pub Ser 6% pref 100 7% preferred —100 ! 81 i 3S 29 33 6 17 9 21 12 13 ($173* 60 Pitts Suburban Wat 47 47 47 50 50 pref 51 51 35 .4% d* 30 T 100 101 98 100 100 102 5 ^Iainfield Union Water._ Portland Elec Pow 6% pref 51 - 30 50 pd).50 50 West Phila Pass guar Phila Traction—See Phila R 6 10?* 41 Portland Gas & Coke 7 % pref 100 Teleg & Cable 7% pref 100 pref.. 100 100 Potomac Elec Pow 6% pref—100 5 Ml % preferred 100 Power Corp of Canada com ;* 1st 6% preferred .100 11 103 11?* 109 ill" 10% 109 M U?* 111?* 104 105 Postal Potomac Edison Co 6% 7% preferred 110?* I12. 285* Public Serv of Colo 7% pref—100 ...100 100 Public Serv of Ind prior pref..* $6 preferred * Public Serv Co of N H $6 pref—* $5 preferred * Public Serv Corp of N J.. * 8% preferred ...—100 7% preferred 100 6% preferred 100 $5 preferred * ., 64?* 65?* 33 ?* 34?* 160 136„ 1375* 121?* 108 65 133 82 Common * 199" 193 . 83 . - ... ■ m 15 cum pref B ...» r Canadian price, x ..100 6?*% preferred 104?* 108?* Ex-dividend. 117 preferred ——100 Bridge— preferred 100 Tacony-Palmyra conv 102 Tampa Elec Co .* Tennessee El P 1st pref (7%).100 7.2% 1st preferred 100 375* — 1st preferred (6%) 6% cum 1st preferred Terre Haute Elec 6% pref Texas Electdc Ry Texas Elec Service $6 pref Texas Gas Util 72 64?* 60?* 100 .100 100 .100 103 *>!* 1 com Texas Power & Lt 7% pref--.100 6% preferred * TWrd Avenue Ry (N Y) 100 102?* 6?* 13th & 15th Sts—See Phila R T Tidewater Power 6% pref Toledo-Edison pref A 7% 6% preferred 5% preferred Tri-State Telep & Teleg 83 * 100 110?* 106 100 101?* ,100 120 * Fmn States Gas & El 7 % prior pf Twin City Rapid Transit * 7% preferred100 Union El L & Pow (111) 6% pf 100 Un El L & Pow (Mo) 6% pref 100 7% preferred-. 100 Union Gas (Canada) _.* United Gas System com........ .50 Union Pass—See Phila R T Union St Ry (New Bedford)-. 100 101 r 14 x 845* 106?* 1075* 115 :.V- 165* 2 .18 . 17?* $3 Corp cum preferred * WQiITSiIltR " '• United Gas & Elec(Conn)pref 100 United Gas & Elec of N J com 5% preferred 100 United Gas Corp com..—......1 $7 pref series A Warrants * — 6?* 435* 1?* 91?* 41 76 10 120?* 25* 145* 111 - cum com A.........* B * 1st pref ....* 100 100 100 115 8 8 60?* 86 86?* 94 ;i65* • 11% 32 $2.75 preferred * 35* 15* 20?* $3 preferred ?: 79" * 21 $6 preferred $7 preferred .....* Utlca Gas & Elec 7% pref.. 100 $6 preferred * Utilities Power & Lt cl A 61 1.05 106 106 102 115 12?* 3 108 112 72?* com common A * 73c Script Utah Power & Light— Non-voting ._* 1 common Class B 7% cum pref 100 Virginia Elec & Power— $6 preferred.. Virginia Pub Serv 7% pref 100 6% preferred 100 Washington (D O) Gas 20 Wash Gas & Elec 7% pref..__100 Wash (D C) Ry & El com 100 Preferred —100 Washington Wat Pow 6% pref—* Western Massachusetts Cos * Western Union Telegraph— 100 West Penn Elec Oo class A.... * 7% 6% cum preferred cum preferred - 100 100 West Penn Pow 7% pref—.100 6% preferred 100 West Phila Pass—See Phtla R T West Texas Utilities $6 pref.....* 113 76 V 3 28 8 ■; 295* 98 105 4 ...... Nominal, 97 100 United Pub Util 11?* .... n 99 7% pflOO 84 — * Last sale & Pow 7% preferred United Public Service - Called Jan 1st at 105. Superior Wat Lt Syracuse Ltg 6% pref. 24% • , 63 Swiss American Elec pref.... 100 8% 5?* 5 •, * (87?* — a * Preferred. 9 675* 26?* 575* . .....* ....1 com United Light & Ry 6% pref 6.36% preferred . * : * B 103 - 71H 27r 1; * 113?* 48?* — ....._ Class 6% ... — Standard Pow & Lt 98?* 145* 7, x ...* cum Common - ..... & Elec com prior pref preferred $6 cum prior pref cum 102 * .... 5 91 85 Springfield Gas Lt Co 25 Springf'd (Mass) St Ry Cos pflOO United Lt & Pr Sueens Borough G & E 6% pf 100 I; Preferred * 4pringfielo City Water 6% pref— Springfield Gas & Elec pref-. * 120 , - 104 A...* com 119 84?* 84 M 97 50 25 122 Lt & Pr United Gas & Impt vot * $5 cum pref (non-vot) United 111 Co of New Haven..._ ' 83 2 Union Traction—See Phila R T 48?* 154 60 160 9 United 47% 119?* 106 % 105 So Jer G El & Tr—See P S Corp Southwestern Bell Tel pref 100 Southwestern G & E 7% pref. 100 ..... 100 99,, 105 a preferred 108 107 a 1005* Preferred 62 Public Serv Co of Nor 111 90 293* 106 * 6% preferred 5% preferred cum 22?* 25 5% 6% preferred— 100 n 117 119 7% preferred 100 47?* 1 Public Serv of Okla 6% pref. .100 100 105?* .100 108 7% preferred 101H 100 Nor States Power (Del) cl A .100 365* 375* Public Serv El & G $5 pref— ._* 7 % preferred U2„" 100 -::-i 95 ,v Zf* 97 47 % Puget Sound Pr & Lt $6 pref * 6% preferred .——.100 89 91 $5 prior preferred ——* Northwest Electric 7 % pref—100 86,/ 86?* 4 88?* 23?* Quebec Power rommon * North West Util 7% pref-—.100 39?* 42 83 7% prior lien ...... 100 71 74 adio Corp of Amer 11 % * Northwest Bell Tel 6>* % pref 100 105?* 107 N western Puo Serv 6% pref.lUU .100,, *5?* 3.50 preferred 78?* —* 7% preferred 100 89?* ^ Rapid Transit Ry—See P S Corp Northwestern Telegraph......50 "'mmrn 62?* 6% Republic Nat Gas com 1 Ohio Edison $6 pref * 1075* 1075* Rhine-Westphalia Elec Pow— $7 preferred 113 * 114 Amer shares representing com 11 Ohio Elec j'ower 6% pref 51 100 54 Rhode Isld Pub Serv $2 pref 31 * 7% preferred 100 62 55 Class A * 90 Ohio Power 6% pref 111 100 113 Ridge Ave Pass—See Phila R T Ohio Public Serv pref A (7%) 100 108 109 Rio Grande Valley Gas:.— 98c 1 ) 6% preferred 100 104 105 Riverside Traction.. —.50 30 I Ohio Service Holding com ...1 28?* Preierred 50 52 V 6% preferred 5 42 425* Rochester Gas & Electric—•—100 Ohio Water Service A com.. 37 38 6% preferred series C 105 % .100 Oklahoma Gas & Elec 7% preflOO -114?* 11654 6% preferred series D 105% 100 Okla Nat Gas Corp oom 15 13 % 13% 5% preferred series E 100 101 Preferred 50 315* 323* Roeh Telep $6?* pref 111 —.10u Omaha & Council Bluffs Railway Rockland Light & Power 12 10 & Bridge 4% cum pref a00 16?* St Louis County Water pref—100 108 Oregon Wash Water pref 90 * 93" St Louis Pub Serv— Ottawa Light Heat & Pow 100 r 99 Common 30c Preferred 100 r 103?* 105 7% preferied 2% * Ottawa Traction.. lOt, r 185* •20 San Antonio Pub Serv 107 7% pf.100 Pacific & Atlantic Tel (gu) 25 19?* 21 8% preferred 110 ....100 Pacific Gas & Electric-—----25 35?* 36 Sangamo Electric com * 70?* 1st preferred (6%) 25 315* San Joaquin Lt & Power— 1st preferred (53*%) 25 28?* 29 7% prior preferred .——100 112 Pacific Lighting Corp com —* 51?* 515* 6% prior preferred 100 102 > Preferred (*6)--* 106 1063* Savannah El & Pow 84 6% pref-100 Pacific Pow & Lt 7% pref....100 84 87 Scranton Electric $6 pref 112 * 6% preferred 100 75 77 Scranton-Spring Brook Pacific Public Service— Water Service 6% pref—--* k Common non-voting 8?* Seattle Gas common.——— * 1st preferred 23?* 1st $5 preferred ....100 Pacific Telep & Tel eg.. 100 150?* 154 2d $5 preferred 1 6% preferred 100 148 149 Second Ave RR Cop (N Y)_. _.* 4H Pateraon & Passaic Gas & El..100 122 Sedalia Water pref 100 k 75 Pecos Valley Pow & Lt com 22 26"" 2d & 3d Sts Ry—See Phila R T Peninsular Telep Co com.' * 28 30 Shawinigan Water & Power * 29 t Preferred 100 110 112 Sioux City Gas & El 7% 96 pref.100 Penn Central Lt & P $5 pref * 71 72?* Sierra Pac Elec 103 6% pref 100 $2.80 preferred * 41 42?* South Amer Utilities com 35* Penn-Ohfo Edison$4 preferred 223* Warrants 8 Southeastern Gaa & Water A I Z8 1Q * Warrants B_. 3 I 4 Common ........* 30c Penn Western Gas & El com 12 34 35 Southeastern Pow & Lt— Penna Gas & Elec Corp $7 pref—♦ 89 ; 90 Warrants Partlc class A stock ♦ 15 163* 5?* % preferred Nortnern Liioerties Gas Northern N Y Util pref 24'J •v 50 Rapid Transit St Ry Co 100 So Jersey Gas & Elec Trac—100 58 89 100 V 96 70 30 Consolidated Trac of N J. -100 10 22 56?* 2? 14 12 <65 21 ... 4 6u?* 23 ; 70 PhilaCityPass Ry($225* pd)-50 Union Traction 4.80% $4 65 "8" 78 Southern Nat Gas class A com—* Class B common Southern New Eng Telep 100 Southern Union Gas com * $7 3 4 2d & 3d Sts Ry guar 13th & 15th Sts Pass Ry Union Pass ($30 5-6 pd) 100 South & Atlan Teleg (guar) 25 Southern Indiana G & E 6% pflOO 7% preferred.. 100 Standard Gas i§H * r southern Carolina Pow 6% pf--* com A 25 39 34?* 0% 29?* 38 25 25 Southern Col Pow Preferred 115 35 38?* Providence Gas 110 96 N Y Telephone 6?* % Pre'—100 N Y Water Serv 6% pref 100 North American Co 32?* 193* .18?* 109 35 114 50 7% preferred ; > Common. $7 preferred series A— Niagara & Hudson Pow Option warrants A Option warrants B u» 315* 18?* Option warrants New York Steam Co— '•? 45* A174 ! 45* ■ - ■ 60 30 pd)—60 Philadelphia Traction 50 Ridge Ave Pass ($28 pd)—50 70 18 104?* 111?* 114 113 Germantown Passenger. _—50 Green & Coates Sts ($15 pd) 50 com 6% preferred series B Original preferredSouthern Canada Power ; 25" 20, Southwestern ,15 Phil & Gray's Fy ($25 8 99" York Railways Corp— $7 non-cum preferred * N Y & Richmond Gas 6% preflOO N Y & Queens El L & Pow— 15 Phila & Darby Pass Ry 102" 97?* 32 7 ■' 67 100% 21 Passenger guar 50 Continen Pass Ry ($29 pd)_50 Fairm't Pk & Haddington. .50 Frandf'd & Southwark Pass_50 Preferred.. New Jersey Water pref 98 preferred. Hestonville M & F 117 113 New Mexico IN at Gas 6% pref— New Orleans Pub. Serv com preferred 67 137 Par Preferred 50 Traction 15?* 90 % Citizens 66?* 135 100 14 —* .-* 50 ---* 50 hiladelphia Co com $5 preferred 6% cum preferred $6 cum pref Allegheny Traction 225* - 7% 99 Citizens 51 32, 86 3?* 50 N J & Hud Riv Ry & Fer pref 100 New Jersey Pow & Lt $6 pref—* 4% 4% 22% 93?* \893* Peoples Water & Gas preferred 25 * 50 H 22 Monongahela Lt & Pow 50 Monongahela St Ry - — - - - - 50 hila & Darby—See Phila R T hila & Grays—See Phila R T hiladelphia Elec Co com 1_* $5 preferred * hila Elec Power 8% pref 25 30 85 100 * ' ■h'"— 129 * England Tel & Tel 90 495* 4% 43* Duquesne Light 5% 1st preflOO Federal St & Pleasant Val—25 49 -.-* * New England Water Light & Power Assn 6% pre* New Haven Water Preferred. 90 61 New 103?* 125 , .:! 121 - 6 preferred 6 prior pref 102 1013* 110 88 Consolidated Trac pref—--50 88,: 123 - ... 100 . 20 17 ............. 7 preferred 5?* % preferred series O——25 108 375* 88?* 112 $53* preferred stamped-——* New Eng Pow Assn com.... * 6%preferred 100 New England Pow Co pref—100 New England Pub Ser com * 112 106 Bid South Calif Edison common—25 Common class B——.— -,55 105% 2% ,v Nebraska Power 7 % 1st pref 100 Nevada-Calif Electric— Common .100 'Preferred 100 Newark Consolidated Gas 100 New Brunswick Light— Heat & Power100 New Kng Gas & Elec Assn— 73 7 365* ■ 71 110 94?* 104?* 2?* „ * Bid 68 • 52 * preferred 77?* 1053* 345* 150 100 Nassau & Suffolk 7% pref-100 National Gas & Elec com... 10 $6 18?* 68?* 65 5% preferred 6% preferred Stocks Ask Par pref. 100 Pennsylvania Pow & Lt $7 pref.* $6 preferred * $5 preferred --* jnnsylvania State Water, pref.* Penna Telephone $6 pref 100 Penna Gas & Elec Co 7 % 27 81 STOCKS UTILITY possible for the closing day of the month preceding the date of Issue Stocks Ask 265* 17?* Monon-West Perm P S 7 % pref 26 Montana Dakota Utilities com.. are as near as h 23?* 1 fyo 36c West Va Water Serv pref Western Lt & Tel com — 98, 3?* 1?* 3 22?* 113 93 85 77 33 725 110?* 107 9, 335* 79?* 98 105 , 95?* 120?* 113?* 88?* 99?* 2.05 Western N Y Water pref-......* Western United G & E 6% pf_100 6?*% preferred 7% preferred Westmoreland Water pref Wheeling Elec 6% pref 66 100 —100 15 104 103 100 * 100 Williamsport Water pref..—...* Winnipeg Elec class A 99?* 107 101 5?* 5 Class B Preferred 100 Wisconsin Pow Sc Lt 6% pref. 100 7% preferred 100 Wisconsin Pub Ser Corp 7% pflOO 101 6?*% preferred 100 Wisconsin Telep 7% pref..—.100 115?* Worcester Trans Assoc York (Pa) Railways pref * Without par value. 28 88„ 93?* 97 * 15 50 40 7;'.1 r." i do not appear In the heading "Industrial and Miscellaneous Securities" we include all issues which Under the under the previous three headings, namely "Railroads" "Investing Companies" and "Public Utilities." case of stocks, however, we put "Textile Manufacturing," "Insurance," "Mining," "Real Estate and "Title Guarantee and Safe Deposit Companies" under separate heads, then follow with the rest Land," of the "Industrial and Miscellaneous." NOTICE—All bond prices are Bonds Acadia Sugar Ref 4%s Adams Exp coll tr g 4s Coll tr g 4s 1947 104 104% J&D / f 85 84% 102 104% 1955.A&0 1948.M&S 83% 103% 106 82% 104% J&D 103% 10-year 4%s debs 1946—F&A Addressograpn-Multigraph Corp Deb 3s to 5%s 1936 to '45. A&O 103 Advance Bag & Paper 6s '52. J&D / 93 Aeolian Co 6s 1937 Akron Times-I'ress 1st 6s '45 A&O 65 101 Alabama By-Prod 6s 1955 J&J Alabama Co 6s 1938 M&N Ala Cons Coal & Iron 5s '38. M&N tmmmmm 110 141 145 105% 105% 6s 1998—Q-Feb Cons M s f 4%s ser D '60.-J&J Penn-Mary Steel 5s 1937. .J&J Beth Steel Corp 4%s to 1941 J&J 3 %s series E 1966———A&O money mmmmm 70 82 'K* -y « „ 78 f deb 3%s 1950 Budd (E G) Mfg 6s ext 1941 f 30 6s 1955 - Alberta Pacific Grain 6s 1946 J&J 96 _ Amer Ice Co deb 5s 1953 Amer I G Chem Corp— 50 100 / / 48 38 J&D 86% Conv deb 5%s 1949 M&N Amor International Corp— 108% Conv 5%s 1949 105% J&J Amer La France & Foamite— notes 1956 J&D / 88 102 Am Lime & Stone 5%s '51—_M&S Am Mach & Metals 4s 1943..J&J 98 5%% 80 83 " 100% 64 (Copenhagen) f extl 6s 1940 J&J / 113 54 1961—M&S /74 Burns & Co Ltd 1st s f 5s 1958 J&J /66 ; Income 5s 1958 J&J Bush Term 1st 4s 1952 A&O Cons g 5s Jan 1955 J&J r 75"" Bush Term Bldg 1st 5s '60--A&O / 59% Butler Brothers 5s 1945 F&A d 101% 106 Butterick Pub 6% notes By-Products Coke Corp— 1st M 5%s 1945ser A Byron Jackson— Conv deb 4%s 1945 California Packing Corp— M&N 102 A&O 89 Canadian Internat Paper— 1st M 6s 1949 103 99 120% 121 99% 106 Carriers & General Corp— 114 Debenture 6s 1944 American Type Founders 121 122 106% Sink fund income deb 1967 J&J / 37% 174 103 72% 72 106% 37% 34 38 1st s Apex Oil Corp 6%s . f 21 98% 98% 104 4%s 1939 opt J&D 106% Armstrong Cork deb 4s 1950.J&J Arnold Print Wks 6%s 1941 .A&O / 67 109 Asbestos Corp inc 6s 1941...J&J 52 Associated Mtge Co 2-6s 1953 Associated Rayon 5s 1950 J&D t 100% .v:.-v ,■""• Atl Gulf & W Indies SS Lines— Coll tr g 5s Jan 1 1959 J&J ,v:,,f -. Atlanta Laundries 6%s w w 82% 1943. / 25 99 99 104% 69 111 54 100% 83 67 101 102% 102% Atlas Imperial Diesel Engine6% conv notes 1945 M&S Atlas Pipeline Corp 6s 1945.M&N 108 111 1942 A&O Chicago Stk Yards 5s 1961.A&0 Childs Co deb 5s 1943 A&O Chilean Nitrate inc 5s 1968. J&D Chile Copper Co deb 5s 1947.J&J Clearfield Bit Coal 4s 1940.. J&J Cleve-Cliffs Iron 4%s 1950.M&N Cleve Tractor conv 5s 1945.M&N s 64 7s series C 1959 65 7s v: 107% 146 132% 154 135 102% 103% 104 104% 93 m 69 * 101 ; : 98" 107% 101% 88 83% Colo Fuel & Iron s 100% 94 107 171 171 1st mtge 6s 1941 Commercial Credit 3%s 1951 / 90 / 125 Commander-Larabee Corp— M&Slj 166% Stamped w w 1938 6s without warrants 1938.M&S / 154 Stamped ex-warr 1st g 6s 1940 5s assented 1940 1938..M&S / 154 106% M&N 105% 155% 155 Cum inc deb 6s 1947 J&J 58 62 Commonwealth 1st mtge 6%s 1946. F&A J&J Certificates of deposit.. Beattie Sugar 7%s 1943ctfs. J&D Bedford Pulp & Paper 6%s 1942. Beech Creek C & C 5s 1944..J&D Beneficial Loan Soc 6s R 1939 Q-J 6s profit share deb 1950...Q-J Barkey & Gay Furn 6« stpd 1941. 100% 101% 12 12 13% 13% 95 101% 104 % 105 55 Cum inc 6% 100 notes 103% 101 101 96% F&A 108% 112 Consol 108 110 Consol 17 19 Consol Consol s — Consolidation Coal Co— 77; Sinking fund 5s 1960—*—J&J 30 94% 102 M i5i"" 100% 94"" 86% 102 105 47 47 81 69 60 60 18 62* 93 19 62" 29 30 83% 104% s / 105 99% 99% 100% 1001 20 J&J Residential Mtge f 6s stamped 1961 ^ 101% • 1003 1013 22 29% Bank M&S f deb 7s 1946 "3" 82 1023 103 1033 Firestone Tire & Rub of CalifSf 5s 1942. M&S 103% 104 First Bohemian Glass Works- 94 95 84 lst secured 7s 1957 J&J Flour Mills of America Inc— Conv g 6%% notes 1946.A&O 853 633 Follansbee Bros 5s 1947 62% J&D / Forest Lawn 1st s f 6s 1949.-J&D 100% Framerican Ind & Dev Corp— J&J /107% 110% Francisco Sug 7%s 1942.M&N 15 /122% /].22% Certificates of deposit... 128% Deb 7%s 1942 82 zb 102% 1950 123 French Nat Mail SS Lines 6s '52 Frick-Reid Supply 6s 1943.-J&D Gen Amer Transport 4s 3% 1941-1942 notes 129 83 30 'V 103 : 126 104 (Robt) income notes 6s 1972 /198% Gelsenkirchen Mining Co— 70 6-yr 6% notes 1934 M&S Gair 1940.J&J J&J 101 101 lOi"" 103 1U3 100% 105% 1st mtge s f 5 %s 1947 ser A .J&J Gen Elec (Germany) 7s '45.J&J15 i 40 106 6%s 101 18 99% 16 106 105% 47 Debsf 6s 1948 conv Conv deb 5s Motors ser deb B 1951 J&D Acceptance Corp— ,10—year deb 3s 1946 15 year deb 3%s 1951 Steelware Theat 6s Nov 1 F&A1 F&A 1952 Eq deb 6s 1940.A&O of deposit.—." Gen Vending 6s 1937 Certificates of deposit 4l"" 125 r 102% 1 Gen Rayon deb 6s 1948 w w. J&J) Oen Stl Cast 1st 5%s '49 w w.J&J Gen 101% 41 F&A 105 tot*/ 68 95% 103% 38 38 - 104% 70% 96 • 104% 39 24 39 28 24 26% Georgia Marble 1st 6s 1950.M&N 90 German Atlantic Cable 7s 1945-. 25 74 48 63% J&D /. 40 M&N / 40 118 '46.F& A 1940 Certificates 1950—F&A 6%s 67 61% F&A 20-year 4s s f deb 1956...J&D Famous Players Canadian— 1st & coll 3s 1937-1939...J&D 1st & coll 3%s 1940-1942.J&D 1st & coll 4%s 1951 J&D Partners Mfg Co 3%s 1953.-M&S Farmers Nat Mtge Jnst 7s '63A&0 Federal Sugar Ref 6s ctf '33 M&N Gen 7 1941 A&O Mach Tool 7s 1942—J&D Oil s f deb 3%s 1951 .J&D Paper Corp 5%s 1961.. Textile 1st 8s 1941 J&D Extended 32 23 Erie Elec Motors 5s 1941 Ernesto Breda 7s 1954 Gen Consolidated Laundries— 98 97 92% 7% notes 1931 J&D Empire Oil & Refg Co— 1st & coll tr 5%s 1942—.A&O Gen Finance 55 51 103 Deb g 5%s 1948 ser A..M&S Connorlurah & Land 6s'41 M&N / 71 100 Consol Biscuit 1st 5%« B '46 M&S 100 1st 5%s ser C 1946 —J&D Cum inc 6s 1950-- Eastern Mfg 7s ser A 1938..J&D f Eaton Paper 1st 5%s 1943.M&N Elk Horn Coal 1st 6%s 1931.J&D / Deb Subsidiary Oorp- Consol Cement Corp— 104% General Bronze deb 6s *40.-M&N General Cable Corp— 101% 5% % notes'37(Ara pt ctf)M&N / Bates Valve Bag Corp— .v. Deb 6s ex-warr 1942 Bayway Terminal— 91% Commerz-und lYivat-Bk Germ'y) 21 Barber & Ross 6%s 1937 J&J Commercial Invest Trust Corp— Debenture 3%s 1951 J&J Baragua Sugar Estates— 1st mtge sink fund 6s 1942. J&D 102% Eastern Car Co Ltd 6s 1952.J&J 103% Eastern Cuba Sug 7%s '37.M&S / 30 Certificates of deposit / 46 79 Eastern Dairies 6s May 1 1949-- Fraser Co 6s Jan 1 f 5s 1943.F&A f 106 .— 81"" 103% 106 Donnacona Paper 1st 5%s'48F&A f 92 1st 3-4-4 %s 1956 F&A / 86% Doe Chem Co deb 3s 1951.-J&D 101% Driver Harris Co— 100 100 99% 99% 99% 95 Income 5s 1970— 99% Collateral trust 6s 1956.-M&N Franklin Coal Co 7s ws 1949.J&J / 94 Colo Indus 1st 5s A & B 1934 F&A M&S /100 102% 94 1952 106 Firestone Cotton Mills 5s '48M&S 91% 90% 95 95 1948 105 M&N Dominion Tar & Chemical Co— Deb 4%s ser A 1951 M&N Dominion Textile 4%s *55.-M&S Fiat 107 Q-J Q-F Q-M Q-J series D 1956 6s series AB Deutsche Rentenbank— "'7 Farm Ln s f 6s Oct 15'60 A&O 15 Dold (Jac) Pack 1st 6s '42.M&N Finland Q-F Q-M Autocar Co 7s ext 1947...M&N 100% Baldwin Locomotive Works— 6s with warrants 1938 M&S / 166% • 52* 98 f 5%s 6s series AC J&J 93 48 Champion Paper & Fibre Co— 4%s s f deb 1950 M&S Chateaugay Ore & Iron— Guar gold 4s 1942 J&J Chesapeake Corp— Conv col 5s 1947M&N 15 Conv col 5s 1944 J&D ,7s series A & B 1960 M&N 1104% . 6 126 5 125% 1941.-M&N 6s series AA 1953 Auburn Automobile— Conv deb 4%s 1939 k 107 Collateral Bankers Inc— / 5%s 1943 175 Cold Storage 1st 8s Tobacco 5s 1944 J&D 78% 103 Cudahy Packing 3%s A '55.M&S Conv s f deb 4s 1950 M&S 104% 95 Dairyland Inc lsts f 5s 1946.M&S 50 Davidson Chem 6%s 1937--A&O De Bardeleben Coal Corp— 30 1st mtge 6s 1953 J&D Certificates of deposit 29% 93% Deep Rock Oil 7s 1937 M&S Detroit Times deb 6s to '43.M&S 101 Deutsche Bank (Berlin)— 6% notes (Am part ctfs)M&S Stamped (Mar '33 coup on) '35 / 44 6s extended 1938 M&S / 40% s f 5s 1940 Cum inc deb 6s 1955 106% 103 European Mtge & Invest— 1st lien 7%s 1966 ser B...F&A 1st lien 7s 1967 ser C—..M&S Everlastik Inc 1st 7s 1937.M&N 170 .... . Steel 105% Fairbanks Morse & Co— _ 2t 102 Conv deb M&S M&S 1st mtge 6s 1941.. Gen mtge 5s 1941 Deb Atlantic Ice Mfg 6s 1945 F&A Atlantic Refg deb 5s 1937— .J&J Gen conv 6s 1950 Atlas Plywood Corp— 50 —- Chic Pneumatic Tool Co— Atl Sug Ref 1st s f 4s '51—M&N .--.v 45 . Armour & Co—Real estate 1st gold 11 J&D /107 M&S Cespedes Sugar 7%s Sept 1 '39. Champion Pap Corp 6s '45.-F&A 98% 1955.F&A 1st mtge 4s series C 1957.-J&J /:\w- Corp 6%s 1944-.—J&D 106 S f conv deb 4%s 1951—-M&N Central Foundry Co— J v Certain-teed Prod Corp— Deb sf 5%s 1948 100 1st M 20-yr 4s ser B ■ 105, 6%s 1952 100 '39.M&N w w Arcade Malleable Iron 7s 1943 Armour & Co of Delaware— i Celotex Central f 6s (San Fran) 1942. J&D f 6s (Los Ang) 1942. .J&D s 100% 17% 105 Central Ry Term & J&J / / k_, Deb 6s 19.54 Anthony (E C)— 1st 25-yr guar 5s 1955 15-yr deb 5s with warr '50M&N Carthage Marble 6%s 1942 Cassco Corp inc 6s 1949 M&S Celotex Co deb 6s 1936 M&N / 6%s series A 1939 J&D/ Anglo-Chilean Cons Nitrate— Antilla Sugar Estates— Income deb 6s 1951 loo" M&S 103% 1950..A&O 65% 102% 111 Sink fund deb 4%s 110% 105 101% 105 71 ¥kv* 42 J&J Amer Seating 6s stamped 1946 Am Tobacco deb 4s 1951 F&A / 104% Canadian Nat Steamships— 104% s Dom Coal 1st Canadian Vickers 6s Aug 1 1947. Caribbean Sugar 7s stmp 1941 Certificates of deposit Anaconda Copper Mining Co— 65% 102% ;j Cons deb 5s 1940 103% i7ir!/:; 75% 60% 140 American Rolling Mill— Sinking fund deb 5s 1948.-J&J Inc— 76 768 88 64 *39. A&O 103% Conf sf deb 2%-5s 1950..-J&J / Am Wire Fabrics 1st 7s '42..M&S / 100 Amer Writ Paper 1st 6s 1947 J&J / 71 116 56 104% J&J Camaguey Sugar 7s ctfs 1942{ 40 & Canada Biscuit 6%s 1946--M&N f Canada Bread 6s 1941 F&A }09% 104 88 Can Cementlst4%sserA'51 M&N 105 Canada SS L deb 5s '43..F&A15 109 1st & gen M 6s 1941 ser A.A&O f 64% 94% Canadian Bakeries 6%s '45.M&S .99 105% Canadian Oanners Ltd 4s'51M&N Canadian Cons Rubb 6s '46.A&0 AllO 53 100 103 106% s 106% 53 53 M&N Crucible Steel Co deb 5s '40. M&N 75 ; 19 99 '48-Q-F 106 100 Amer Radiator deb 4%s '47.M&N A&O 73 106 F&A 67 68% 99% -78" 76 Burns Bros deb 5s A 101 w w Crowley Milner & Co— Deb 5%s 1946 94"" 101% 100% 69% 101H f Nov 1 1950--M&N Crown Willamet Pap 6s '51—J&J Crown Zellerbach Corp— Deb 6s 1940 with warr M&S Burmeister & Wain 97% 15-yr A 17% Crown Cork & Seal Co Inc— Inc— s 75 65 Algoma Steel 1st 5s 1962 A&O / 36 81 Allied Mtg inc coll 2-5s 1953. J&D Ailied St's Corp deb 4 %s '50. A&O 100 Debenture 4%s 1951 <99 J* Alpine Montan Steel Corp— 1st s f 7s 1955 M&S / 93% Aluminum Co debs 5s 1952. M&S 105% Aluminium Ltd s f deb 5s '48-J&J 106% 103 Amalgam'd Sugar 1st 7s '37.A&0 Amer Aggregates Corp— Deb 6s '43 ser A with war_F&A / 50 Without warrants / 50 New 3-6s 1943 Amer Colortype 6s 1942 F&A Amer Dept St's (Pa) 6s *48. i J&D Amer Dept St's (Del) 6s '47.J&D Shoe Co 65 Cuban "Brown 15-yr 84 I M&N 1938 102% 104 91% 69% ■: — 55 ; 36 35 15-yr 4s Pulp & Paper— M&N M&N Brown Co 1st 5%s 1946 A&O 1st 5%s 1950 ser B M&S Gensf 7s 1950- 100% Meehan Coal 6%s 1945. Crane Co 3%s s f deb 1951 .J&D Cream's of Am deb 5s w w'46 F&A Credit Service deb 6s A&O Botany Cons Mills 6%s '34.A&O / 35% Certificates of deposit / 34 103 British Am Oil deb 4s 1945.-M&S 1st 6s 1950 „ 99% 99 76 105 British Columbia 87 100 Gen lien 6s Ask 91 101 Copley Cement Mfg 6s '41—A&O Copley Press 5%s 1943.—. &A Cosden Oil Corp 1st 6s 1938-M&N 106"" Cosgrove 105% Boston Sand & Gravel 7s 1939 non-cum deb 6s '53 J&D f Albany Perf Wrapping Corp— 1st M coll tr 6s 1948 A&O f 6s assented w w 1948 / Ala Mills 113 100 Boston Wharf 1st 4s 1941 • 100 61 M&N 1st lien & ref 5s 1942 Purch Abitibi Power & Paper— 1st M 5s 1953 ser A Certificates of deposit Bid Continental Roll & Steel Fdy— 1st M conv s f 6s 1940 J&D A&O Bethlehem Fdy & Ma 5s'44 Bethlehem Steel Co— Bonds Ask Bid Bonds Ask Bid INDUSTRIAL AND MISCELLANEOUS BONDS Abbotts Dairies deb 6s 1942.M&S . and income and defaulted bonds preceding the date of issue "and interest" except where marked Quotations for all securities are as near as possible for the closing day of the month . 64% 73 _ 5s 1950 ------ 42 1946---J&J 62 Container Corn 1st 6s '46.J&D15 Deb .5s 194.i wlt.h warr .J&D 102 Consumers Co 1st 6s * Called Jan. 1 at 101. t Called Feb. 20 at 100. price includes accrued interest, k Last sale, t Called Jan. 4 at 105. n Nominal. 104 b Basis, 63 104% 102% d Called Feb. 1 at 101%. e Called April 1 at 110. / This Jan., 1937] INDUSTRIAL MISCELLANEOUS & 83 BONDS NOTICE—All bond price* are "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bonds 23 86 83 86 1002* Godchaux Sug 1st s f 5s '47.M&N Good Hope St & Ir Wks (Gcrm'y) 1032* S f g 7s Oct 15 1945—A&015 f G< odrlch (B F) 1st 62*s 1947. J& J a 107 % Deb g 6s 1945.-..— 105 2* J&D J&D 1012* Goodyear Tire & Rubber— 1st mtge coll tr 5s 1957—M&N Gordon Baking Co (Mich)— 58 series B • conv Gulf States Steel 42*s 1961-A&O k Hall (F W) Printing Co— ^ 1st & coll 6s stmp 1947.-.M&N Hamilton By-Prod Coke Ovens— !; 1st 8 f 5s ser A 1955 M&N Steamship warr 992* * : s .... 1st & ref 5s 1974 29" Liggett Holland-^mer Line 6s '47-.M&N 1012* 101 1002* 85" 104 107 1022* sec s 1022* 51 52 / 66 70 / 29 31 78 ser B 1947--J&J 99 992* 1072* 232* 110 65 108"* 25 Keith<(P(X)iCorp 6s 1946. ..M&S Kelly fcpungfi^ld Tire 6s '42. A&O 6s stamped 1942--. Kelsey Hayes Wh'l 1st 6s '48.J&J 15-yr conv deb 6s 1948 J&J Kendall Co deb A— 52*s with warrants 1948--M&S Kentucky Rock Asphalt— 32*-62*s 19115 J&D ------ Kentucky (flecprities coll 5s 1940- 61 852* w 98 812* 54 982* : 59 992* 1532* 952* 1042* deb 52*s 1950-M&N 1032* 1042* 1052* 106 102 140 164 102* 102* 102* 102* 69 102* 102* 102* 102* 722* 1012i 1012* 1012* 100 105 . 1072* 68 1072* 85 1002* 1002* 1042* notes 1935. A&O Minnesota & Ontario Paper Co— Monon Coal—See Chic Ind. & L Monroe Coal Mining 6s 1947 Montecatini fSocieta Gen Ind 702* - 104 592* 592* 592* 92* 4 1933 87 912* Coll A 5s Coll B 5s ser ser Coll D 5s ser 28 30 34 332* 98 78 982* 78 >92* 1002* 101 102 J* 1032* Keokee Co&s Coke 5s 1959..J&J 922* Keystone Sand & Supply 6s 1943101 Kimberley-Clark Corp— 1st mtge 5s 1943 ser A J&J 104 63 Kings Co Refrig 6s 1942 A&O Kingsport Press 6V*s 1939..F&A 93 97 Kingsport Press conv 6s 1939 F&A 94 Kingston Elevator 1st 6s '50 M&N Kinney (G R) Co 7 Ma 1936.J&D /100 Kirby Lumber 6s 1938 J&J16 f 832* New 1st 4s 1947 93 J&J16 88 1941 J&D —J&D -J&D 97 1002* 6s National Steel 1st coll mtge Nat Union A '44 .M&N f 4s June 1 Mtge 2-6s 55 K>12* 86 Pacific Atlantic ss 2-5s '43-M&n Pac Coast Cement 6s a 1942.j&D Pacific Coast Co 5s 1946 J&d Palmer 27 84 752* 1022* Corp of La 1st 6s '48. J&d Pan Amer Petrol Co (of Calif)— 1st conv s f 6s 1940 j&d15 / Certificates of deposit- 562* 562* ~ Panhandle Eastern Pipe Line— s f 1032* 100 2* 1002* Transportation co— conv deb 6s 1944 — -•74 73 A&o 1st s f 5s 1953 ser a -M&n 892* Pearl River Valley Lumber— 1st Income 4-5s 1945 M&s / 105 Penn-Fed^ral Corp 6s 1946.-J&j *101 902* 100 Pettibone Mulliken— 6s w w 1943 m&S /67 6% notes w w 1938 m&S /10 Phila Brew 1st conv € a 1944-m&S 85 Phila & Read c & i 5s 1973.-J&j 472* Conv deb 6s 1949 M&s 235* Phoenix Iron 1st s f 6s 1946-M&n 1042* Phoenix Silk Mills 7s 1943/ 13 Pickering Lumber 6s a *46.-M&n / 26 Pierce Butler & Pierce 62*s '42 / 312* 69 13 90 48 24 ' V 15" . 27 Pocahontas Consol Collieries— 1st gold 5s 1957 op j&j 108" 107 21 18 I, 932* 822* Pittsb Brewing 6s Feb 4 '49—J&J Pittsburgh Coal co— Sinking fund deb 6s 1949-f&a Pittsburgh Screw & Bolt Corp— Deb s f g 5 2*8 1947 J&d Pitts Steel s f 6s 1948 F&a 1092* 110 1062* 106H 102 1032* 105 1032* * H, ■' Si." 102 ... Poor & Co s f deb 4s 1946 a&o 1002* Port Arthur Canal & Dock—See rk. 62*sl941— { 1012* 96 —m&N Rican Amer Tobacco— Conv 6s 1942 J&.T Potrero 15j* ;i4 132* 99 1062* 1062* 842* 118 672* / ser 1965. A 1954— 2-5s series B 1954 New Ensrland Laundry 6s 1936 / 4-5s 1956 / New Niquero Sugar 3 2*s" 1937— / 1072* 572* m&N / 762* % Income 6s 1958 J&d Protestant Church of Germany— prov 1946 a&o / Paper Ltd 52*s 1947.-M&n 78 97k J&j 1st 15-yr s f 42*s vr w 1950 j&J 4 2*s without warrants 1950 Purity Bakeries 5s 1948 J&j Quiker City Cold Storage— 1 st 822* _ mm mm '■ 89 --— f 22 21 103 Pure Oil Co— 106 r '■£ 802* 965* Price Bros & Co 1st 6s *43 a.F&a / 125 Produce Term & Cold Storage— 7s 242* 782* Sugar— 7s stamped 1947 Pressed Steel Car co— Income deb 5s 1951 702* Corp— s 57 Portland Woolen Mills— 102' 44 Nat Gypsum s f 6s 1943 A&O 1042* Nat Lumber & Oreosoting 52*8— 101 Nat Radiator 62*s 1947 F&A / 45 Certificates of deposit f 54 5s 1946. f 692* w s ser 90 1062* 1st M conv 52*s A 1946.M&N 114 Cum conv inc 5s 1952.--M&N / 66 Nat Food Products 6s '44—-M&N f 40 conv 106.24 99 45.M&N National Fire Proofing Co— Deb s f 5 2*s 1947- .......M&S Coll 106 59', Nat Dairy Prod 3 5*s w w'51 M&N National Distillers Products— 10-yr deb 42*s May 1 68 22 Otis Steel 1st 6s 1941 ser a .M&s Oxford Maimi Piper 6s 1947-F&a Pillsbury Flour Mills 6s 1943 a&o 60 ! 941-M&N A *IH 99 1012* Pine Hill Collieries 1st 6s 1942—. f Pirelli Co of Italy con 7s '52 m&n 10 81,'68-, J&D ser 1st income 5s 1945 —A&o Orono Pulp & Paper 6s 1943-J&j / Osgood Co dob g 6s 1943-.--J&d f 60 74 74 74 Secured 6s 1937. J&J Deb 62*s Jan 1 1937 A&O Certificates of deposit 12 Namm (A I) & Son—See Mfrs Tr Co. Nassau (Ger) Landbank 62s8 1938 f Nast (Conde) 6 2*s Dec 15 1937. 98 312* 82 103 Munising Paper 6s A&B *43-A&O Munson Steamship Line— Nat'l Baking 6s Oregon-Am Lumber 6s 1942. A&o Oregon Pulp & Paper 62*s to Apr 30 '37, 6% to 1945—-M&n Oreg Terminals 62*s a 1942-M&n / Porto 4 1956 24 /; Conv s f 5s 1951 101 f&A Ohio Leather conv deb 5s '46. J&j 1032* Okonite Co 6s stmp 1942 100 j&D Old Ben Coal Corp 6s (w s) 1948 / 30 Inc deb 72*s (w s) Aug 1 1953- 60 100 1042* M&N 3 1951 44 1 ser 98 — *91 '66.A&0 M&N 2 1946 Coll C 5s 40 105 21 992* Norwegian hy-Elec Nitrog CorpRef & imp 52*s '57 ser a-m&n / 1012* Nova Scotia s & c 5s 1959..j&j / 69 6s perpetual stock 29 j&j o'Gara Coal 5s '55 op aft'08 m&s 7 14 Ohio Fin deb 62*s ww 1944-M&n 103 — 60 i Montreal Cotton deb 5s '43-M&N Morris & Co 1st s f 42*s '39--J&J Morris Plan sec 6s x-w 1947.M&S 52*s series 16 1940Mortbon Corp— 992* / 110 A&O J&J M&N 5-yr 6% notes 1931 M&S Minn Valley Canning 6s '41--J&J Mohawk Rubber ext 6s 1938 A&O 6s series M 105 30 992* 2 Northwestern Barb Wire co— 1st mtge 8 f 5 2*s w w 1945. f&A 52*s without warr 1945 90 992* Middle States Petrol 62*s 1945-. Miller & Hart Inc. deb 6s '43 -J&J Miller & Lux Inc 1st M 6s '45A&0 ser Debenture 6s 1943 —M&n Northern Redwood Lumber— 6s 1937 j&D / n'west Pub's Deb 42*8 1948.J&J 1052* 106 96" Mtge-Bond Co 4s 94 20-yr s f 6s 1947m&N / 942* New 6-4% 1947— .m&n / mmmm North Western Refrigerator Line 101 Equip trust 5s Aug 15 '37-'40_. Equip trust 4s ser i Jan 1 '37-'43 b 4.00 Northern Elec & Nor Pap Mills— 1st mtge 5s to 1948 93 M&n Pennsylvania Glass Sand Corp— 1st at 4Mb i960..— J&D 62*s'38M&S - 52 60 Boards f 52*s 1950 A&O Miag Mill Macb'y 1st 7s 1956— 1st 6s series A 1945 1st 6s series B 1948 1st 6s series C 1950 80 97 M&s Penn Mary Steel—See Beth Steel Pennsylvania-Dixie Cement Corp 1st m s f 6s 1941 ser a.m&S15 Mineraria, It..ly) deb 7s '37 J&J 102 1943 Income 62*s 1953 _M&s / nar Amer Refract 62*s 1944-j&j North German Lloyd— 100 7% gold / 100 M&S 1012* 101 North Amer Cement Corp— Deb 62*s a with warr '40-m&s Peabody Coal Co (Consol Co)— 7s 1939.M&S M&S Mich Tann & Extract 4.25 4 40 101 6s 1950 A&O Paramount Pictures 6s 1955-J&j 1012* Mead (The) Oorp— 1st M 6s 1945 with warr.-M&N 1st non-conv 7s 1939 1st conv s f 42*s 1947 Merchants Refrig 6s 1937 95 Equip trust 42*s Aug 1 ,37-*46Equip trust 42*s Nov 25 '37-'43 Equip trust 52*s Sept 1 '37-'44- ' 135 126 106 Karstadt (Rudolph) Inc— 1 1st 6s 1943 with Am shs.-M&N Ctfs of dep w w stpd 1943 6s stamped (par $925) 1943 m with warr (par $925) 1943— 97 Prop—see Real Estate Metropolitan Ice 7s 1954—J&J 107?* Metropolitan Wat Sew & Dram— 1042* 1st mtge 4josser A 1961--M&S Journal of Commerce 6Ms 1937— 61 Met Chain 103 Jefferson & Clearfield Coal & Iron Indiana Co 1st s f 5s 1950..J&J Jones & Laughlin Steel— 61" i 1052* conv 94 1946 Oswego Falls Corp 6s 1941-.j&J 28 Internat Pow & Pap of Nfld— 1st M 5s 1968---J&J 1st 42*s 1968. J&J Internat Salt g 5s 1951 opt.-A&O Isotta Fraschini 7s 1942 J&D 1012* / 10 5s s f deb 1951 M&N McKesson & Robbins inc— conv 100 91 Par melee 26 1072* 1012* 982* > 60 A&O 1012* / 98 A 84 104 Mengel Co 1st 65 / M&S ser 101 McColl Fron'nac Oil 6s 1949-A&O McCoid Rad & Mfg— Deb 6s 1943 with warr F&A 20-yr f 6s ' 1252* 10 942* McC Jlum Hosiery 62*8 '41 _A&0 / 40 782* 772* _ f 5s 1352* / 148 37 78 / Certificates of deposit Conv deb 5s 1941 J&J15 / Certificates of deposit s 27 105 136 McCrory Stores Oorp— International Cement— Conv deb 4s 1945 M&N International Match Corp— Deb s f 5s 1947 M&N 1st & ref 76 1002* 24, ; Martin (Glenn L) conv 6s 1939— Massey-Harris Co 5s 1947. -A&O _ Internat Mercantile Marine— I 1st M coll trust 6s 1941--A&O International Paper— 1st & ref 8 f 5s 1947 ser A.-J&J 78 77 1033* Maple Leaf Milling— v 22*s to 1938, 52*s to 1949-J&D / Marine Elev (Buff) 7s 1948-M&S Marion Steam Saovel— 1st mtge s f 6s 1947 104 1002* 70 Mfrs Tr Co ctfs of partic in A I Namm & Son 6s 1943 J&D /36 /422* 382* 102 82 25" 23 102 38 99 deposit 86" Houston Oil Co of Texas— f 52*8 1940—M&N Hudson Coal 1st 5a 1962 A..J&D Hud Riv Day Line 6s 1939..M&S Hungarian Disc & Exch Bank— 35-yrsf 7s 1963— J&J Hungarian-Italian Bank Ltd— Sinking fund 72*s 1963...A&O Hygrade Food Products Corp— 1st & ref 6s Jan 1949 A A&O 6s 1949 series B_ J&J Ice Service 1st 62*s 1937 J&D 1st 62*s 1939 —J&D Illinois Steel deb 42*8 1940—A&O Hseder Steel mtge 6s 1948---F&A Independent Brewing 6s '55.J&J Indiana Ice & Fuel 62*s A 1947— Ind Limestone inc 6s 1952--M&N Inland St'l 35*s ser D 1961--F&A Interlake Iron Corp— 1st mtge 5s 1951 ser B...M&N Internat Agricultural Corp— 1st & coU tr 8 f 58 1942...M&N Ceitificates of 1062* Trap Rock Corp— 6s stamped 1946 s f 7s 1936--J&d North Amer Car— 62*8 1042* 72 1944—A&O Manhattan Refrig 52*s 1941 -J"&J Mansfield Min & Smelting— 7s without warrants 1941 _M&N 83 102 992* Manati Sugar 1st 72*s '42—A&O 105 122 1052* 1042* Logan County COal 7s 1942-M&N / 25 Long Bell Lumb 6s sei A '42.J&J i 6s series B 1943 ..A&O f 582* 6s series O 1946 F&A f ,55* Loi illard (P) Co g 7s 1944—A&O 134 5s, 1951 F&A 124 Lukens Steel 5s extend 1955 M&N 90 252* 19 Hollingshead (R M) Co 7s '38 F&A Holly Sugar 6s 1943 Home Serv(LosAng)6 Ms *42 A&O Home Serv(PortirOre)7s '41 A&O Hooker Electrochem 6s 1953 J&D 7a series A 1947 J&J 1022* (75 A&O 5s 1942 & Myers g 7s 102 Debenture 104 Little (A E) Co 7s 1942 A&O Loew's Inc deb s f 3 Ms 1946-F&A - Ref mtge 6s 1955 f s 102 J&d s , 105J5 Sec 6% gold notes 1938—J&J Leonard Tietz—See Tietz 108 107 1st m 101 106 Gold bonds 5s 1951—-—F&A A&O f deb 5s 1951 58 372* 372* —F&A F&A 1st & ref 5s 1964 1st M Hawley Pulp & Paper Co— 1st 6s s f 1946 J&J / 72 Haytian Corp Income 8s 1938 / 192* Hearst Magazines— 6s 1937-1938 M&S 1002* Hearst Publica 6 Ha to 1947.M&N 1012* Heller (Walter E) 4s ww '46.A&0 100 Helvetia Coal Min 1st 5s '38. A&O 85 Hlghtstown Rug 6 He w w 1944. 83 Hinde & Dauch Pap 52*s '48 M&N 1032* Hines Land & Timber 6s '48.. J&J 80 Hoe (R) & Co 5-7s 1944 A&O 71 1st mortgage 1944 84 A&O 10-yr 6s 1954 with war__J&J . Harris-Seybold-Potter— Conv conv Leipzig Trade Fair 7s 1953-M&N f Libby McNeil & Libby— 68 New Vork 67 k ■632* _ Lehigh C & Nav fund 4s '48 J&J Cons s f g 42*s 1954 J&J Cons s f 42*s 1954 ser G—J&J Lehigh Valiey Coal— 1st & ref 5s 1944 ..F&A 1st & ref 5s 1954 F&A 52 / J&J / for Am shs 92"" 102 101 A&O / Harpen Mining Corp— 6s with 882* 103 442* Extended at 5% to 1943 j&j n y Shipbuilding 1st 5s Nov 1'46 110 56 Certificates of deposit Lawrence Portland Cement Co— Deb g 52*s 1942 A&O 1012* 103 Lines— 10-yr 6s 1939 stamped 6s unstamped 1939 88 12h 872* 992* 101 • Gen sinking fund 6s 1956 .A&O Hamilton Mfg 1st s f 6s 1941 A&O 1st s f 5s w w 1951 M&S Hansa 1st 982* 6s *36 M&S f nyle&wc & rr— 1st 6s ext 52*% 1942 M&n n y l e & w d & i 1st 6s '13- Nitrate Co— Lautaro Bid n y Dock co—1st g 4s '51-f&A Serial 5% notes 1938--- —A&O n y Ev'g Journal 62*8 '37—j&D 1102* 62*s Feb 1 1947 f 121 Lake Superior Corporation— 1st & coll tr gold 5s 1944--J&D / 32 Lane Bryant inc— S f deb 6s 1940 with warr_M&N 102 L ingendorf Un Bak— 1st 62*3 1941 103 M&S 1051 Bonds 1042* 6s April 1 1946 100 Lake St John Po & Pr 62*s 1942— / 1012* 103 2* Groo St's Prod conv 6s 1945. J&D >1 Ask Lake Erie Bolt & Nut— 1052* 1012* 1022* A&O f f 5s 1955 La France Textile 1st 6s *42-J&D 1013^ Graton & Knight 1st 52^8 '47 M&S Great Lakes Paper Co Ltd— '.•* 1st 32 104 2* Gotham Silk Hosiery— 8 f deb 58 w w 1946———M&S 103 X Gould Coupler 1st 6s 1940.-F&A f 198 Gould Manufacturing 6s *42_A&< 96 Graham Paige Co 1st 6s '38.F&A : 74 Grigsby-Grunow 1042* ■104 2* J&D 1945-50 101 88 85 Bid Koholyt Corp 62*s 1943 M&S f 23 Koppers Co— 104 1st M & coll 48 1951 M&N Sink fd deb 52*s 1950 J&J d 1032* Kresgo Foundation— 10-year coll tr 4s 1945-.—J&J 1092* Kreuger & Tull— 5s uniform ctfs of dep 1959 Lacaa wanna Steel os 1950..M&S 105 Zi* 88 Globe Wernicke 6s Oct 1 1944 Gobel (Adolf) Inc— Conv deb 42*8 ser A 1941.M&S 1st mtge 42*s 1956 Bonds Ask Bid German Bldg & L'd Bk 62*8 1948 f Glen Alden Coal M s f 4s 65 M&S Globe Industrial Loan 6s 1955 J&J 107 2* s f 58 1953 m&N 121 1042* 992* 162 *123 105 • 992* 65' H Radio-Kelth-Orpheum Corp— Part paid ctfs (for 6% deb and common stock) 65% /100 paid Debenturj gold 6s 1941—j& / 1152* Railway Express Agency Inc— Serial 5s 1937-'38 (s-a)._M&s 103 Series 5s 1939-'49 (s-a)._M&s 108 Regent Knitting Mills— 1st 62*s 1942 m&S 1042* Reliance Bronze & Steel 6s 1944 / 19 Remington Rand Inc— 110 20-yr deb 42*8 w w 1956—m&s — lie" 104 112 21 * 112 592* 80 38 60 49 ~ * Called April 1 at 102. k Last sale, n Nominal, x t Called Jan. 1 at 103. 1 at 101, Called Jan. o Called Feb. 1 at 107. b Basis, d Called Jan. 1 at 103 2*. This price includes accrued interest 84 INDUSTRIAL MISCELLANEOUS BONDS & NOTICE—All bond prices are "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bid Bonds Republic Motor Truck Co IncDeb 6ks 1937 with warr.. J&J Bepublic Portl Cem't 6s '43_M&S Bepublic Steel Corp— Gen mtge conv 4)*s A '50.M&S Gen mtge 43&sser b 1961-F&A Gen mtge 4 Ms ser C 1956 M&N Purchase money 53*R '54-M&N Bestigouche Paper Ltd 6s 1948 Revere Copper & Brass— 1st mtge 4Mb s f 1956 J&J Bheinelbe Union 7s 1946 J&J Rhine-Main-Danube 7s '50 M&S Bhode Island Ice 6s 1948 M&N Bonds Ask _ 5s with stock 1951 MM 103 132 99 99)4 110 11034 12 12 17 2d W" 64*4 64g 65 223* 50 / r f 65 23)4 94 57" 45 58 1st Va Iron Coal & Coke 5s '49-M&S Walker (Hiram)-G & W— Deb 47" 63* 70 66 90 fm ff 21M 21 431 1041 91 221 55 131k 1 97 Ruhr Chemical 6s 1948 A&O / Ruhr Housing 6)*s 1958—.J&J f ISM 21 29 22 J&D / Symington-Gould Corp and Gould Coupler Corp 1st M conv inc with warrants 1956 F&A 122" 100 Taggart Bros Co 6s 1944 J&D Taylor-Warton Iron & Steel— Coll inc 7 34s July 1 1958. f 95 Temple Antb Goal 6 Mb '44-M&S / 113* Tenn Coal & RR 5s 1951-J&J 125 k 18 84k Tenn 80" Schulco Co 6Hs 1946 39 H 46 103" 39 k 41 Thermoid Go 6s stamped-. .1937 1st lien coll tr 5s w w 1951 J&D Three Rivers Grain & Elevator— J&J Stamped (July 1933 coup on^ Guar sf 63*s 1946 ser B—A&O 84 107 102 M Scrijpps (E W) deb 5Ms 1943 F&A Scullfn Steel 1st 6s stmpd '41 A&O f 96 Seattle Times deb 63*s 1948.F&A 102k Securities Accept Corp 5s *46 J&D 10334 Seneca Copper 7s 1933 J&J / 23 107 M Servel Corp 5s 1948 J&J Sharon Steel Corp— U1M 43*s conv deb 1951— M&S 8634 109 103)4 9734 Tomahawk Kraft Pap os '38. A&O . 100M 10034 67M 7\M 3.75% J&J f 6s 1947 1945 b 4.90 eq tr 5s to 10-yr 7s *35 J&J / 1023* Deb g s f 6 ks '51 with war M&S / 543* Deb 6s 2930———-i. f 265 Siemens & Halske '5634 Signal Oil & Gas— Conv 6ks A 1945 M&N Silesian-Ara Corp 7s 1941...F&A 104 68 103 k 100 99 10234 Simpsons Ltd— 1st & coll 4Mb A 1951 J&J 102 Skelly Oil deb 4s 1951 J&J Smith (Howard) Paper Mills Ltd 1st 4Mb 1951 102)4 J&D Smith (L C) & Corona Typewr'rs Deb 2% to 4M % '37 to *46.J&J 100M 65 Smith & Wesson 5 Mb 1938 Socony-Vacuum Oil— Deb 3Hs 1950 106)4 A&O South Coast Corp— Gen mtge inc 6s April 1950 / 85 Southern Advance Bag & Paper— 1st s f 6s 1947 J&D 101)4 Southern Brighton Mills— 72 1st gtd 7s 1940 J&D 72 1st gtd 6Mb 1940 J&D 50 Sou Ice & Util conv 6s 1946. F&A Southern Ice 1st & ref 8s '42-A&O 59 Southern Kraft Corp— 100 M 1st leasehold 4Mb 1946 J&D Sou New Eng Ice 6)*s 1942.F&A f 20 Southern United Ice Co— 1st 4s w s 1950 Southland Ice 6s Jan 1 1949 Southwest Dairy Products— .M&N Conv income 5s 1944 105 7034 45 10334 10234 6348 Deb 634s 10634 9934 l8Z* 96 /• 93 103 k 95 J&J 98)4 M&N 1941 102 10334 97 100 24 81,. 20 20 20 10134 Baltimore Stk Exch Boston Stock Exch. 27 2734 Minn Ch of Comm. 13 1034 14 M&N 145 96 Toronto Stock Exch 12 . 1st sink fund ser B 1949..F&A 4734 U S Finishing 5s 1944 U S Pipe & Foundry Oo— Conv deb 334s 1946 U S Sugar 6s 1941 U S Trucking Corp 10134 J&J / 100 100 17 Sale price, y 22" - 102 104" 10634 10634 80 seats. 70 members. 104k 1303* 102 450 344 550 76 139 Washington Stk Ex ^Wheeling Stk Ex. Winnipeg Gr Exch. 217 83 191 523 18 t/80 500 70 200 115 46 48 69 72 11,500 3,450 10.000 3.000 34.000 2,000 5,500 5,000 2,000 3.000 5.000 f,400 5,000 4,850 2,000 2.700 3,500 250 8,000 250 1,125 3,350 25,000 125 1,800 1,000 45,000 1,350 125 4,500 2.000 2.000 2.000 1.300 125 300 55,000 8,000 94 113 40 13 463 67.000 500 §1.000 8,500 8.500 75 9734 l65" 9834 9834 105 104 66 60 § Prices of Wheeling Stock Exchange memberships arq 9 101 „ 534s'43—J&D United Stockyards Corp— 15-yr coll tr 434s A ww *51 A&O United Wall Paper Fac 6s 1947— Universal Sewer Pipe 6s 1938.J&J 9W 963* 1,375$129.000 Chicago Bd of Tr_.1,549 Chicago Stock Exch 418 Cincinnati Stk Ex— 50 Cleveland Stk Exch 41 Denver Stock Exch 17 Detroit Stock Exch 68 Ft Worth Gr & Cot 65 Hartford Stk Exch. 20 Kan City (Bd of Tr) Los Ang Stock Exch Milw Grain & Stk. See investment trusts 10034 Canadian prices, NY Curb Exch... Montreal Stock Ex. New Orl Cotton Ex New Orl Stock Ex. Phila Stock Exch— Pittsb Stock Exch. St Louis Exchange. Salt Lake Stock Ex. San Fran Stock Ex. San Fran Curb Ex. Seattle Stock Exch \ Seattle Curb & M. / Utilities Elkhorn Coal 6s 1948 J&J r 100 )4 108 98 96 N Y Cotton Exch— N YCof&SugEx. Minn-St P Stk Ex. U S Cold Storage (Chg)6s'45. J&J U S Cold Storage (Kan City)-1st sink fund 6s ser A 1946.F&A 82 96 124 No. Last Sate N Y Stock Exch :::: 100 f / 75 37)* 104 EXCHANGE SEATS 38 24 / / f -J&J Debenture 6s 1943 J&D Youngs town Sheet & Tube— 1st M s f 4s ser O 1961 M&N Conv deb 334s 1951——F&A Zenith Furnace 5)as 1948—J&J U S Print & Litho 6s 1950—A&O U S Radiator deb 5s 1938---F&A U S Rubber— 1st & ref 5s 1947 ser A J&J 75 75 75 106H i Called Jan. 1, 1937. at 102. ; 103 _ —J&D 1944 Ron 5s 1952 1st Uen 6% notes 1937 F&A York Ice Mach 6s 1947—WA&O 80 M&N / United Securities Ltd 534s 1952— United Steamship 6s 1937—M&N United Steel Works (Germany) 6 ks series A 1951 J&D 6 34s series C 1951 J&D 634s series A 1947— J&J U S Bond & Mtge Corp— Coll trust OMs 1940 M&N Gtd coll trust 634s 1942._J&J U S & British Internat Ltd 87 105 Spang Chalf't & Co 1st 5s '48 J&J Springfield Ice 7s 1944...... / 7 Spruce Falls Power & Pap Ltd 101 1st 53ts 1937-45 A&O 101)4 F&A 1948— w w 102M - 108 A&O Ltd inc 5s 1953 F&A 534s series B 1949 , -----M&S 5Mb 1943 Woodward 91 90 85 126 Wilson & Co— 1st M 20-yr 4s ser A 1955—J&J Winslow Bros & Smith— Wood (Alan) Ir & St 6s 1944. A&O Woodland Farm Dairy— 12134 United Industrial 1st 6s 1945-J&D 12 Staley (A E) 1st mtge 4s '46.F&A United Corps 353* Willys-Overland 1st 6hs '33 M&S Wither bee Snerman Inc 6s 1944.. 10734 M&N 353* J&J Wise Lime & Cement 6s *38. A&O 50 / -M&S 734s 1935 conv 55 101 102 United Drugs 5s 1953—..M&S15 United Grain Growers Ltd— 5s series A 103 17" Standard Ice 1st 6s 1947 F&A Stand Oil (N J) deb 3s *61—-J&D 48 M&N United Elec Coal Cos inc 7s 1946. 100 /105 ff United Amusement Corp— 1st s f 5s ser A1956 United Biscuit deb 5s '50 Sec 29" 121 Union Rock 1st bs 100 Silverw'd Dairies 5s '41 to '51 J&J Simmons Co 5s Nov 1 '44-_M&N -- 102)4 Debenture 3 34a 1940 M&N s f 1947.-M&S f 36 65 Union Term Coal Stor 6s '39.F&A 295 100 7s 1940— ... „. 6s 3d stamped 1944 Union Oil Oo of California— 6s May 1 1942 ser A F&A Conv deb 4s 1947 M&N Debenture 2Mb 1938 Debenture 2k« 1939 Certificates of deposit Wickwire Spencer Steel Co— Pr lien & coll 7s Jan 1935.M&N Certificates of deposit—.-— ' 53 112 104H M&N 24 Whittal (M J) Assoc Ltd 5s 1937. f Wickw Spencer Steel 7s '35. -J&J Deb 6s 1940 Wilcox Oil & Gas 6s 1945 102 Tonawanda Pap 1st 5 Ms '41-F&A 113 126" 59 f 534s ser A 101M White Sewing Machine—< Ulen & Co— 15-year 3)*s debs 1951 M&S Sheridan-Wyoming Coal Co— Nominal, 99 97 s Toronto Carpet Mfg 6s '44-M&S 102)4 Trask Timber 1st 3s 1944... J&D f 32 Truax-Traer Coal Co— Conv deb 634s 1943-M&N15 10234 88 Turner Glass Oo 1st 6s 1939.J&D 25 Shell Union Oil Corp— n 128 . 1951——M&S Ticonderoga Pulp & Paper 6s '40 Tietz (Leonard) 7 )4sx-w '46.J&J / Tilden Lumb & Mills 6Hs'46M&S / 1st H 115 Debenture 4348 1945—...J&D Wheeling Steel Corp— 1st M s f 4Mb ser A 1966--F&A Whitaker Paper 7s 1942——M&N 57 - 41 Schulze Baking 1st 6s '45 M&S Scovill MfgCo 53*s 1945. ..J&J k Last sale, 16)4 107 8 _ 44 Stamped 1938 60 101 105k Sayre & Fisher Brick 6s 1947.J&J * 93 100 M Disinfecting 6s 1940. -J&J 90 West Indies Sugar 6s 1947—A&O/ 15 W Va Coal & Coke 1st 6s '50.J&J West Chain Stores 6s ww*39 M&N Western Fuel Corp 7-4s '50.M&N r 75" Western Newspaper Union— Conv deb 6s 1944 F&A 72M Western Steel Prod 6s A '48.M&N f 44 1st s f 6s series B 1948. M&N f 44 West 82" 105k 22 k J&J fk 24 74 75 102 M M&S Wayne Coal Co 6s 1937 1043* Texas Corp deb 334s 1951—J&D Texas Sugar Ref 1st 6s *44—F&A 25 74 Webster O&O 1st g 5s '42 op M&S MS* 79 26" w w 30 104 k M&S 24)4 6Hs M&S F&A Copper & Chemical— Conv deb 6s 1944 ser B 24 Shippers Car Line HI* Certificates of deposit 5M % notes 1937 Warren (S D) Co 6s 1945 30 1939 ... Tenn Corp deb 6s ser C *44—M&S ♦ Tenn Prod 1st s 16Mb '36—J&J / Term Warehouse 2d 5s '42—J&J s M&S .— 17 M 83 104 76 Saxon Pub Wks (Germany)— 1st extl s f 7s 1945.. F&A Gen & ref OMa 1951 M&N f 1st 10334 167 F&A warrants M&S Conv deb 6s 1939 Warner Sugar Corp 7s 1634 106k 81M 10134 9934 8734 M&S A&O Warren Bros Co— Conv s f deb 6s 1941 102 k f 3 ?4s May 15 1950.M&N Without 105 102 St Clair Furnace 1st 5s '39—F&A St Joseph Stock Yds 5s *40--F&A St Louis Gas & Coke Corp— 1st M s f 6s 1947 J&D St L Rky Mt & P 5s '55 stpd.J&J St Paul Un Stk Yds 5s 1946. A&O Saltex Looms Inc 6s 1954—A&O s 96 A&O J&D15 47" Swift & Co— 1st 2934 20 54 34 5934 10734 104 f deb 1955. A&O 20-yr 1st mtge 4s 1955 Ward Baking 6s 1937 Warner Bros Pict 6s 1939 3534 36 Warner-Quinlan Co— 45 Sink fund deb 5s 1938 s Warner Co 1st 6s 1944 46 f 5s 1948 —J&D 1945 Walworth Co 6s (Hugo) Industries— A&O 4Mb Waltham W'tch & Cl'k 6s '43 J&D 51 ... 94 M&N Studebaker Corp 6s 1945 J&J Stutz Motor Car 7 )4s 1937.-A&O / 25" Sugar Estates of Oriente— 1st 7s 1942 ctfs of dep 4 M&S / Sugar Pine Lumber Oo— 1st M serial 6s 1932-1942.M&S / 67 100 Superior Steel Corp 6s 1938.J&D Susquehanna Silk Mills— 104 M Royal Dutch Co— Deb 4s 1945 with warr A&O Rueping (F) Leather 6s 1940 - 50 46 55 45 634s 1943 Rom Oath Church Welfare 7s 1946 t 6% notes 1937-.- - 48 J&J ..M&S Struthers Wells Titusville— s 82 Vertientes Sugar 1st 7s 1942.J&D Certificates of deposit— 9634 F&A 89" Corp— 7-4s Stamped 1936 Certificates of deposit 7s unstamped 1936. 2d stamped 1940 97 98 65 stamped 1946 Stinnes Bid Valvoline Oil 7s 1937 M&N Vanadium Corp of Amer— Conv deb 5s 1941 A&O Van Dorn Iron Wks 7s June 1 1942 / fk Vicana Sugar Co 6s 1955 J&J / Victor Amer Fuel 6s 1940 F&A f Victor Fuel 1st s f g 5s 1953. J&J t Strawbridge & Clothier— 50 f 27 99 97 43 M 51 2534 9734 Thompson Pap 6s 1942 7-1 s Stamped 1946 Certificates of deposit 7s unstamped 1946 27 6 25 18 Stevens & Bonds Ask Old 5s 1950— f 50 Steel Co of Can 6s 1940—-J&J 113 Stern Brothers 6s s f 1947...J&D 87 Stinnes (Hugo) 33 — Stanley Crandall 6s 1946—F&A Stanly-Rowl-Clark 6s 1946..F&A Starrett Corp sec inc 5s 1950 A&O Stillwater Worsted MillsDeb 5Mb A 1943.... 105 Richardson & Boyn 6)*s '37.J&D Cum income 4s 1945. J&J Bichfield Oil of CaliforniaColl tr 6s 1944 ser A M&N / Certificates of deposit Bichm'd Cedar Wks 63*s '45 J&J Richmond Hos Mills 7s138—F&A Richmond (Va) Ice OMs '42.A&0 Bima Steel Corp 1st s f 7s '55 F&A Biordon Pulp & Paper Ltd— 1st 6s June 30 1942---J&D30 River Raisin Pap 1st 6s '45..F&A Roberts & Oake (Chi) 6s '44. M&N Rochester Button Co 63*s '41 A&O Roch & Pitts C & I 5s '46—M&N Rocky Mtn Fuel 5s 1943 A&O Rolland Pap 1st 5Ms A '48--J&D Rolls Royce 7s Sept 1 1937 Roman Catholic Church 6Hs 1946 133)4 99 M 109 M 110 Bid Stand Textile Prod 634s '42 M&S Assented. _ 62" Hxed. 5 Basis. This price includes accrued interest^ - V": 'V.i . ,V " . '■ • ' Industrial and Miscellaneous Stocks I r?- Quotations for all securities Stocks Par Did are as near as Stocks Ask Par possible for the closing day of the month preceding the date of issue Bid Per share Gainesville Cot Mills TEXTILE 24 84 tilenwood Mills.... STOCKS Gossett Mills ,1 - Granteville Mfg. 1)0 Northern Mills Algonquin Print. 100 American Mfg. .100 Preferred 100 Ainoskeag Mfg Preferred Berkshire Fine 100 Spinning Co * 7% cum pref 100 BIgelow-Sanford Carpet common.* Preferred Mfg Preferred .. Draper Corp Farr Alpaca General 85 65 66 % . 100 100 *—.w 1Q0 »'• _ . 50 52 110 100 Linford Mills. Marlboro Mills 10 1st 22 54 50 Newberry C M..100 Norris Cot Mills. Orr Cot Mills...100 35 Mohawk Carpet..20 Mt V-Woodb Mills (Baltimore) 100 100 Preferred Nashawena M * NashuaM (Nil) 100 Preferred. 100 Neild Mills 100 Nonquitt M (N B).* Pacifie Mills......* Pepperell Mfg 100 Pierce Mfg 100 Pilgrim Mills 100 Plymouth Cord. .100 Powdrell & Alexander common. .......5 Powdrell Dartmouth ; 3054 A* „554 73 14 54 18 71 26 30 193652 7% preferred. 31 73 30 140 21 53 116 1154 ._ . _ 60 125 141 34 (F W) Mfg..100 34 7% preferred..-L. 140% Common 108 102 7 54 % 1st pref Rowan Cotton Mills 95 Smyre (A M) Mfg— 7% preferred..... 135 64 preferred. .100 Sagamore Mfg (F R) ...100 Sanford Mills.....* SouleMill (NB).100 Wamsutta M 100 . Bleacher y & Print Wks 9 85 67 30 24 10 138 67 69 35 25 com. _ Abbeville Acme CM(SO)10 Spinning Amer Yarn & Proc 4 6 7 % preferred Anderson Cotton f Mills. .......100 Arcade Cotton Mills Avondale Mills 5 100 Beaumont Mfg 7 % preferred Belton Mills(SO).25 96 Preferred Bibb Mfg 100 Brandon Corp A Class B......... 7 % preferred Burlington Mills Calhoun Mills Cannon Mills l53" 10 46 si" 9 71 107 "7* 106 60 Can 8 8% preferred 77 1054 83* Chiquola Mfg 6% preferred Clifton Mfg (SO) 100 Climax Spinning. .50 Columbus Mfg (Ga Converse (D E)_10l Cowpons Mills Orescent Spinning.. Dallas Mfg (Ala) 100 Darl'gton Mfg(SO) 5 Preferred Dixon Mills Dunnean Mills. .100 7% preferred Durham Hosiery 7% preferred..... Eagle & Phenlx—100 Eagle Yarn Easley Cotton Mills 7% 109 94 130 48 60 98 14 1 18 48 135 17 4 141 p 19 46 50 35 45 84 100 Erwin Cotton com.. 103 110 108 p'-ASMM" 62 7 % preferred Florence Mills ... 7 % preferred- 97 «!" 50 38 m a 130 2754 Stand Aluminum Co 48*" 3c 1354 llH r 5.25 5.30 4% Sunshine Mining.lOc 97 97 97 97 97 205^ 5% 2054 654 Standard--.1 :;s 3% * 170 Walker Mining Wenden Copper Wright 3.00 ;i 254 1 1 2% Leather Preferred IP. 5 F STOCKS 1 REAL ESTATE TR Alaska Juneau & LAND Smelting preferred 1 6c AH preferred 25 AnacondaCopMin 50 pref 100 104 37 Class A..... * Class B...* Am Bank NoteiailO : Preferred Common 33 5354 a 30 5354 3454 ... 25 Amer 24 a .100 a 51 37 Properties—... * Am Car & Fdy * 7% preferred.. 100 Cent Bldg Tr... 100 ChicR ETrus's 1000 a ... 10 7 180 150 l^AiAAA. Jt Last sale, 25 a City RE T(C)-500 / Flat price. * American Can a . I Par value $100. 8 75 100 Am Beverage Corp. 1 American Book. 100 a Boston Wharf. 85 $6 i°c* 66 Bemberg com.* Albany T*- (Bost)lOO Bd ofTr Bid Tr.100 BosGr'd R'TTrlOO T(Bos).100 26 50 Bos Stor w'h'se.100 9c 7 47 83 31 56 Bo< R E 1454 4.30 103 * American Arch 5% % conv pf-100 1454 61 254 r , 50 17 % A.Brake Sh & Fdy— STOCKS Gold 10 Altar Cons Mines.. Amer Zinc Lead & si* 7%-.50 Amer Box Board..1 2c 123 preferred Amalg Sugar 1 5% preferred 10 Amerada Corp * Amer Agric Chem— (Delaware) * Amer Air Lines... 10 Am * Mines Amal 6 % preferred Hargreaves Yukon Gold 954 107 Ltd..._ 6% preferred. .100 Am Bakeries 1% r 17 Indus Aluminum 1% Utah Metal & Tun.l Ventures Ltd com. Old Tonopah Belmont.l Tonopah Mining. .1 fx fx fx fx fx Aluminum 454 Utah-Apex ..5 Utah Copper Co. .10 30 153 116 6% preferred..100 Mum Goods Mfg..* i Silver-Lead. 1 if* 8354 * 76 18 5 31% 22% Corp.* 47% 10 United Verde Ext50c Admiralty Alaska Gold Mining Purcilaser also pays accrued dividend. out par value. Joseph Lea Mining San Toy Shattuck Denn ANCE SCRIP Andes Copper M.20 Gaffney Mfg.. St 107 Preferred 100 AUis-Chalmers Mfg Common * Alpha Portl Cem. 74 _ St Anth Gold M...1 MARINE INSUR¬ Prior l66" 2254 4% 754 454 7% 2c Ltd Amer shares. 32 Tintic Mining 18 84 65 98 18 * Teck-Hughes GM.l 2754 226% Allied Stores Pond Creek So Am Gold & Plat.l * 55c Chem & Dye Corp..;......*.* Allied 5K 63" 105 60 5% & 1 Allied Prod cl A..25 Common 10 Silver King Coal...5 S scoe Gold Ltd 1 127 Brewing Distilling Co 1454 554 38 . Allied 23 % * 14% 35 ..100 1 Allied Kid Co- 100 Cottons.. Preferred 100 _. _ 30 .* Convertible pref.* Allied Mills Inc * 75 150 . fe* * .... 4% 73 Penmans Ltd com.* * com Preferred Allen Indus.... A lies & Fisher Pioneer Gold Ltd-.l 105 Montreal Allegh Steel 100 Enterprise com..* 60 27 100 Preferred 4K Mines & 140 MINING Fairforest Finish Co Serial notes...... Flint Mfg Oo J 3154 9 JX Algoma Steel com.* 1 Consol Mines Pocahontas 100 1934— 30 25 Efird Manufacturing Enterprise Mfg(Ga). Entwistle Mfg pref. 6% preferred 854 254 Park-Utah— Atlantic Mutual— 109 27 45$ i8* 30 134 80 * Allendale Corp Mines...* * Preferred 91 A class Preferred 14 85 Quincy .25 Roan Antelope Min Wabasso Cotton 41' 31 preferred 140 50 69 83 10 43! 56 Preferred 97* 81K 100 4 133 Alberta-Pacific 1% JK Pacific Tin 100 Preferred Domin Text Ltd 97 China Grove Cot Ltd 3% 65c 165 10 i.v 19 77 K Alberene Stone of Va Vot trust ctfs 5 Grain Premier Gold M Can Cottons 16M 74% 163 107 _ . 74H Patino Converters. 100 . ilk "8 Air-Way Electric 60c 135 Wiscassott Mills Woodside Cot Mills 13" Appliance * IK 55% Alaska Pack AssnlOO 39% Albany Packing pf. 10 Old Dominion Co .25 Canadian Mills 6154 14% 1% North Butte ... 88 * Preferred .T100 Ainsworth Mfg new 5 Noranda 66 5 20c 13 H * Air Reduc'n com..* N Y & Honduras Rosario-...—— Newmont Mining.10 Nipissing Mines 5 9 Mills Affiliated Prod Agfa Ansco—.... Agnew-Surpass— 58 88c 76 96 Mills..* Yarn .67 71 West Point Mfg. 100 Mtge 6s Preferred 21 -—... .... ml 85 Preferred Winget 112" 28% •: 83c Cap Gold Min. New Jersey Zinc. .25 New River Oo 100 10 104 37 110 7% pref .100 Victory Yarn Mills— Preferred 12* 55 5 100 160 2d 5% pref...100 Wellington 100 49 10 4 .. Aetna "Brewery 1 Aetna Stand Engine. Preferred 8 3% 101 35 66 1st M 6s Jan 1941 Wallace Mfg Co Ware Shoals Mfg 100 41 Chadwlck-IIoskins Oo Mills 7 Shoe com.......* Mother Load Ooali'n Mines * 30 654 6% preferred 50 Supply Mfg— Class A. * Class B * - 17% 2% 46 Spartan Mills 100 Sterling Spinning Stowe Spinning 23% 61 Mining Corp of Canada..__..__* 26 Victor-Monag Co 66 23% 17% 754 27% 120% 4% a . 132 48 Common —10 1st 7% pref... 100 93 Class A.......50 Aero 39% 16% 41 3554 3% __ 32% McIntyrePorcupine5 Miami Copper. 5 37 _ Union-Buffalo Southern Mills 3254 55 _ . 15 25 111 : Advance Rumely..* Aeolian Co— " 64% Lucky Tiger Comb Gold Mining 10 Magma Copper OolO 102 100 Preferred Southern Weaving. Southern Worsted pf 7% pref w w ..100 Addressograph Multigraph Corp. 10 19% 13% 14 K 6*4 60 63% 42% v t c 20 Adams Express * Adams Millis._„__* 439 64 Kirkland LakeGold 1 Lake Sh Mines Ltd 1 . 117 Acme Wire 80 13 54 Cop. .25 Copper.* Kildun Mining 1 Lava 117 '•'A* 40 Abraham & Straus.* * Prod A Acme Steel ..25 % 405 Louisiana L'd & Ex 1 100 Preferred... Southern Franklin Process com- 22 100 Acetol rPK Kennecott 103 .... §3 K 27 * .... .... . Dairy 7% preferred-.100 45 73 19 54 Isle Royale 20 Sibley Mfg (Ga).IOO 42 19 26 99 90 Southern 110 16 20 100 39 1st preferred.. 100 . . Notes........... 24 7% preferred.. 100 Abitibi Pow & Pap_* K Warrants. Island Creek Coal.l Preferred 1 23 25 Lab'tories.* Abbotts' 79 115 5 , Abercrombie & Fitch Hudson 105 Roanoke Mills— Saxon Mills Oo (F R) 100 Saco Lowell Shops Common ...* Howe Sound Co 1654 21 6 Mining 25c Hollinger Mines 5 Homestake Min. 100 40" 16 Abbott 73 Hecla 38 70 6% preferred..... UK 146" 15c 5c 16 22% 43 Greene-Cananea. 100 Y.60 1 654 49$ 107 Mines..........1 Granby Cons M S & Power stmp 100 1.40 15 6% pref.. Bay Min & Smelting * Inspiration Cons a Copper. . .20 Internatl Mining. .1 102 Riverside & Dan Riv 118 65 20 INDUSTRIAL AND MISCELLANEOUS 2% 20 Smelting com..10 7 % _prGf6iT0<il 00 40c 15 154 85c 22 Golden Cycle CorplO Goldfield Consol 25c 11 12S 49 7 % preferred- .100 & 10 Ranlo Mfg Rhodiss Mills 7% P* Riverdale Mills pref 24 Mexicana__50c 100 6 Title Federal Mining 70" 23" Guar & Trust of New York...20 9 75c ■-■■•A Dome Mines Ltd..* 100 »••• a (Bait) .5 Casualty 81K 2% Gold Min & M..1 104 Pickens Cot Mills... Piedmont Mfg..100 Quissett Mills...100 . 97 57 100 7% preferred-.100 Perfection Spinning. 4154 32 54 Rich Borden Mfg 2d .... 58 Pacolet Mfg Poe 4 __1 Cresson Consolidated 68 ___ & New Amsterdam Evans Wall Lead..* 2 ... Maryland Cas Co_.l Surety Oo 4% Copper Range. * Cornucopia Gold_5c 43 96 7 5 .a. 500 Natl ik 45 80" Cusi ■ 100 Guaranty 72^ 72 k aA:; Weaving preferred..... 77 60 Lawyers' M Co Lawyers Title & UK 8K 106 a a DEPOSIT STKS. 2H * Copper a Bond & M Guar..20 EmpireTitle &Gul00 Home Title Ins (NY) 80 A 12 K 7 1'art preferred Nat Y'arn Mills 104% 2K Eagle Pich Lead. .10 Kilburn M (N B).7f> Luther Mfg 100 ■ Consol Musgrove Mills 79 24 .1 Como Mines 56 Ask M.2K Chief Consol Min.,1 Chile Copper 25 National 76 Z Co .5 10 Central Am Mines. 1 Cerro de Pasco * 89 Mills.. 100 Monarch Bid TITLE GUAR AN TEE & SAFE Zinc-Lead 5 96 98 103 54 5% Cons Min & Smelt .5 4 25 A 28 55" Mill pref.. 100 Mills 95 27 2 Marion Congress St Associ¬ ates (Boston). 100 Factory Bldg Tr_ 100 Fifty Associates (B)_ Hotel Tr (Boston) 100 Kimball Bldg Tr 100 65c 108 72 . Majestic Mfg—.... Mfg Co 52 GrinnellMfg(NB)l 00 Hathaway Mfg. .100 t';iv 39 49 Cot Mills Limestone Sup Carnegie Metals 83 Laurens CM. —100 ■' Gosnold M (N B)__* Prior preferred. pflOO King (J P) Mfg.. 100 Cotton...* Preferred 65 B...100 55c &C100 Co....... 86 Judson Mills A Par Per share 3% 8% . Calumet & Hecla New common...5 101 Preferred 22 Butte & 40 58 Inman Mills Preferred 6 Sull'nM Butte Cop & Callahan Industrial Cotton Mills pref 92 Stocks 15c A 3 h 5 Black Hawk Mines. Bulolo Gold Dredg¬ 90 20 ; Copper ing, Ltd........6 109 7% preferred Imperial Y'arn Ask Bunker Hill Hartsville Cot Mills. 954 10c Austin Silver Min.-l Henrietta Mills 2 Dexdalo Hosiery-— Preferred.. .100 Bagdad 12 88 32 67" 58 60 100 105 Ariz Comstock—i..l 11 111 110 Border City Mfg 100 Boss Mfg com 100 Bourne Mills. ..,.100 Charlton Mills.. 100 Bid Per share 29 Knit. 5 7% preferred..... 3 100 100 ': Par Stocks 19 38 _. Hanes (F H) |||| 100 Booth 20 Preferred Hamrick Mills. 34 * Arlington Mills—100 Barnard Mfg__„100 Beacon Mfg 100 V: Grendel Mills 137 IS Ask Per share 7% preferred-.100 Amer 68% 139 116 172% Canadian Carmel—100 100 Preferred Amer Centrifugal..* 2 254 59 59 % 98 10c 99 1.00 7 454 10 $ 6H rv;-;-1. n Nominal, r Canadian price, x Ex-dividend. "With- INDUSTRIAL 86 STOCKS MISCELLANEOUS & Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue Stocks Par Stocks Ask Bid Par Bid Amer Chain com..* 73 117 conv pref-100 Chicle 5% Amer 74% 119% Amer Cigarette & 100 100 113 29 IF 14% 27% 18 ' 30% 90 98% Am Class B If 20 Amer Distillers pf Amer Encaustic __ Tiling Co Ltd—1 Amer Equities Co. -1 Amer Express—100 M X m 156 _ 300 20 103 Amer Fork & Hoe. * Preferred -.100 Am Fruit Grovers.* 105 21 3 100 13 iiH Amer Hard Rubb_50 27 29 8% preferred-.100 106 37 109 Amer Hardware. .25 Am-Hawaiian SS.10 Am Hide & Leath. * _ 100 Am Internat Corp.* Amer-La France & Foamite Corp— 14 UH 26c 23c 8 8X 2% 7% pref 100 Am Laund Mach_20 10% 24% 45% Locomotive.* fiF Am Potash & Chem * 32 Tack New 40% $1.50 10 common 100 59 7% 7% Fr 8 7% 25 7% 6% 39% 103% 26% 8% 7 > 138 13 14 48 50 107 Preferred 100 Conv 23% 12 m 36 9% 24 100 assumed 90 Service cl A Barium Steel 68 6%% * pf_100 New 5%% pref. Barlow & Seelig cl A5 13 12 9yy IX 25 30 6 5 36% 40% Amer Radiator & 7% 37% 27 115 40% 18% _ 10 Barnsdall Oil 5 Barnsdall Refining-1 Bartgis Bros com__l 6% conv pref. _25 Bath Iron Wks 1 7 % cum pref 100 Am Republics com 10 Amer Rolling Mill 25 6 % preferred- .100 Am Safety Razor 26 182 25% 164 10% 34% 11X 34 % 103 105 New com...18.50 American Screw. 100 Amer Seal-Kap 2 Amer Seating * Amer Shipbldg * Am Smelt & Refg__* 34 52 10% 23 X 44% 93% 7 % preferred-_ 100 6% 2d pref--_100 American Snuff. .25 6% 22% rv: 12 118% 41% 18% 27% 1%5 7% 25 .12% Am Steel F'dries 6 Paper A * r; 18% 18 Bayuk Cigars new.* 112 7% 1st pref...100 Beatrice Cream. .25 25% $5 preferred w w_* 101 Bearings Co (Am).* 2% 1st preferred. 80 100 2d preferred..100 43 BeaunitMillsInc com 18% 28 $1% conv pref. 20 . Beech Aircraft 1 Beech-Nut Pack. .20 150 Belding Hem'way. Bellanca 3% 111 & 18% 18% 115 25% 101% Brown Co 6% pf-100 ;.45% Forman * . Brown Fence & Wire common—1 Class A pref * Brown Shoe * New 27 48 24% s* 48 >38 21% Co—5 12% 103 10 121 * 7 % preferred- .100 Bldg Prod class A..* * 38 Burco Inc * 4% * * Preferred 42 45 Burma Corp Ltd— Am dep receipts- Burns Bros 4% * com 3lg A Biscuit.l2%c Bush Ter Co com..* 7% debenture.100 Bush Terminal Butler Bros ~4% 113 13% 6% 5% 21 14 10 corn. Preferred . 29% 2 7 * 50 28% 87% 6 Byers (A M) com...* 7% part pref.. 100 pllesby class A * Class B * 26T * Byron Jackson * Cable El Pr * v t c * blVs Common 61 7% preferred. .100 113% Preferred 61 26 Calif Pack 2A Calainba Sugar Estates com. .-20 American Stores * American Stove. 100 Amer Sugar Ref.100 26 7% preferred-.100 140 86 55% Am Sumatra Tob__* Amer Thread pref. 5 Am Tobacco com_25 24% 5 96 97 Common B 25 6 %preferred -100 Am Transformer. 10 . Am Type Found l% 10 7% old pref. ..100 Amer Wind Glass— Class A _ 17% _ Bendix Aviation—5 Beneficial Industrial Loan common IF Preferred * Benson & Hedges. .* 6 Conv pref.---_.* Berghoff Brew 1 Berkey & Gay Fur¬ 11% niture common—.1 Purchase warrants Borland Shoe St.. M Preferred 100 Am Wool (Mass)..* 92 5% preferred 10 7 % preferred- .100 7% preferred-. 100 65 Amer Amer Wringer * Writing Pap.l New 12% common 6% $6 preferred-—.-* 6 170 35% 29% 5% 42% m 4% Armour & Co of Del pref.-100 Armour & Co (111)— 108 107% 5 4 $6 conv pr pref._* 7% preferred—100 Armstrong Cork * Armstrong Rubber. Arnold. Constable.5 • 134% 62 _ 7% - m Works Jm —— IF Preferred—-- Arrow Aircraft——1 Arrow Hart— ■ j: to Hegeman Artloom Corp * 1 7 % preferred—100 2% 100 24 Art Metal Constr.10 Art Metal Works.-5 Arundel Corp Assoc Apparel Ind_* it* iF Assoc Brew (Can).* 11% Ashland Oil & Ref.l k Last sale, n Nominal, Preferred 28% _.* Black&Decker Mfg * com * Preferred Blaw-Knox Co Bliss (E W) Co * * 1st preferred—-50 2d preferred B- 10 Bliss & Laughlin—-5 Boeing Airplane r Botany Consol Mills Class A ——50 Common* Preferred------Bourjois, Inc * $2.75 cum pref--* Bower Roll B'r'g-_5 - . — Bowman Biltmore Bondholders A Canadian price 109 Preferred 25 Canad Celanese * Preferred 100 Canadian Colonial 35% denum Co 30 Clorex Chemical * Club Aluminum * of New York Coca-Cola Co Class A Coca-Cola Intern Common.. Caterpillar Tract * 5% preferred Celanese Corp __» 7% 1st part pf-100 7% prior pref. 100 29% 42 115 Celotex Co 3% > • % 9% 6 3% Peet... '9% h 20 20 Ordinary shares 5% income A.... 6% conv pref 35 Preferred * Columbia B'casting Syst Inc class A.5 Class B 5 Columbia O & G 1 Columbia Pic com.* Vot tr ctfs com__* $2.75 conv 36 pref..* 42% Comm'l Invest Tr_* $4.25 conv conv 121 69 pref100 116 m pref..* Comm Solvents—* Com'wealth Dist—1 Compo Shoe— y Mach vtc 1 Conde Nast Pub—* Oongoleum-Nairn. * Congress Cigar * Consol Aircraft $3 conv pref 1 * Consol Oar Heat. 100 Cons Cigar Corp..* 6%% pf ww. 100 6 % % pf ex-warlOO 7% preferred-100 225 50 , 52% 88 102 26 M $5 cum div p-ef.» Consol Retail Sts__5 27 8% preferred--100 109 Consol Royal Oil. 10 Consol Textile * Consolidation Coal— 107 108 IW 94 38 $2 cum part pf—* Cons Laundries 5 Consol Oil Corp...* 8% 80 IF 11 97 42 37 * Without par value. * preferred. 100 Colt's Patent Fire Arms Mfg 25 29% -'-Ex-dividend 1122 130 * 31 29% 100 Colonial Beacon Oil * Colon Development 4% % 39 com 20% _ 26% * cum ,_* 4% pref.-100 Corp—15 1st preferred * $7 preferred— * 5% Celluloid * Colgate-Palmolive- Cons Film Indus.-1 Co.-100 Castle (A M) & ColO Catalin Corp 1 14% 57 * Colum Carbon vtc* Commercial Credit Common -.10 Case Lockwood & Brainard 60 124 * * Cockshutt Plow * Cohn & Rosenberger 7% preferred. .100 26% 75% Peabody...* 7 % preferred. .100 Coastland Oil 1 Coca-Cola Bottling 27% * 88 107 _* Clinchfield Coal .100 Preferred 100 128 Carter (J W) Co—1 Casco Products * Case (J I) Co 100 42* Traveler Corp * Boston Woven Hose 11 10 Cliffs Corp vtc...* Climax Molyb¬ 6l" Canadian Bronze.-* r Preferred 100 i Canadian Car & Fy *; 43 Bohn Alum & Br 6 Bon Ami com A—* Common B * Borden Co 15 Rubber com..* Preferred 100 57 i * f Carrier Corp * Carriers & General. 1 preferred.. 100 Bohack Realty pflOO 37% Columbia Baking..* * Carman & Co A * Glass B---.--..* Carnation Co * Bohack (H C) com.* Borg-Warner GorplO 7 % preferred- -100 Borne Scrymser 25 Boston-Herald 2% Carborundum Co__* Carib Syndicate.-25 5 M Cleve Tractor * Clev Un Stk Yds—♦ 8% Capital City Prod.* _ Bloomingdale Bros.* Blumentnal (S) com* Inc 7% pref—.100 ... Col Fuel & Iron Warrants. 100 i Class B Preferred Claude Neon Lt.._l Clayton & Lambert * Cleve Cliffs $5 pref * 19% 1 Can Fairbank pf. 100 t Canadian Foreign— Invest Corp. * t Preferred 100 i Can Indus Alcohol.* Blauner's & * 1 Cable class A Class B * City Auto Stamp * City Ice & Fuel * 6%% cum pf..100 City In vesting ..100 City & Sub Homes 10 City Stores 5 Clark AD L) * Clark Equip Co...* 29% Airways 1st guar Print * Birtman Elec Co--5 60 Argo Oil--—------ Common Preferred 14% 37% 5% Billings & Spen—25 Bing & Bing 5 107 Archer-Dan-Mldl'd * 7 % preferred. .100 Arcturus Bad Tube * Arnold * 7 % preferred- -100 Inc * 19 conv Common 5% B/G Foods Inc 89% pref.-* Anchor P & Fence.* Andian Nat Corp * Angostura-Wuppermann Corp—„1 Anheuser Busch.100 Antilla Sugar— -100 Apex Elec Mfg * Apponaug Co * AP W Paper * 7% 129 Bickfords Anaconda W & C__* Anchor Cap * $6% 19% 20 10 .5 Cin Un Stk Yds Collyer Insulated Wire common 107 Can Dry Ging Ale. 5 Canada Forgings— Preferred 100 Co Chrysler Corp Collins Co Canada Wire & (Del) Common Chic Yellow Cab__* Chickasha Cot O.IO Childs Co com * 33* * 65% -* 8 * 46 & Canada Cement. 100 Preferred 100» Class A 5 $3% conv pref..* Chic Rivet & Mach * 58 * 50 Wyant Cannon Fdry 76 Best & Co Inc 31 * Beth Steel Campbell 100 6% preferred 100 Collins & Allcman. * Pref (7%)-—100 31 Class B _* 1 Can Iron Fdy's. 100 > Preferred -.100 i Canada SS Lines. _* i 20 7 % preferred- -100 -100 Common Corp Cambria Iron * Preferred Chic Mail Order Chic Pneu Tool Cluett pref. .30 conv Preferred Stk Yds 29% Bldgs 7% pref 100 Butterick Co 6% _ Burry ; 64% Cleveland Graphite Bronze com 1 Conv preferred..* Warrants Burdines Inc 105 Stk Yds stpd--100 57 * Bulova Watch 23% * Preferred $5 preferred * Buckeye Pipe L-.50 Buckeye Steel Cast * com Preferred Chilton * Budd Wheel 9% 75 112"" Chicago Flex Shaft 5 Chic June Rys & Un 13% Bruce (E L) Co— Bruck Silk Mills...» Brans wick-BalkeCollender I m 100 Chesebr'gh Mfg..25 Chic Daily News..* 6* 100 3 86 20 Preferred 2% Truck common. _* 47 13% * Aircraft— v t c—1 Common Belt RR 6% non-cumpflOO Amer dep rets. 10s Brockway Motor- Burr Add Machine. * 107 65% Ordinary bearer £1 British Celanese Ltd 10 Cab Mfg. 5 Cherry-Bur Corp..* 32 Bullard Co Bathurst Power Stand Sanitary._* 130 Chapman Valve. .25 23 7% cum pref. .100 Budd (E G) Mfg..* ai£ 10 conv 100 Checker 325- Bucyrus-Erie 6 37 X -.1 Bros Preferred Charis Corp 23 * 6 Stainless com 36% 110% 37% 44 7 % preferred- .100 * y- Barber Co Inc 100 Brit-Amer Tob reg£l Brown * 6% pref 5 ---_-* 3% J* Bancroft (J) & Sons* Preferred 100 Bankers Industrial— Barker 65 9% 24% 87 87 assumed m 56 • 7% 7% preferred. -100 125 117 54 y. 140" 104 Wks._* common. Fibre 31 62 Distillery 39% Preferred 100 Babcock & Wilcox.* Baldw Loco .100 6% prior pref. 100 Champion Paper & 11% * Preferred __ common.. Jp ' 58 5 pref conv Class A 1 Preferred 3 58 * Registered 5 100 common. 7 Brit-Amer Oil Ltd— ifg _ Certain-Teed Prods 50 7 25 Coupon * Centrifugal Pipe * Century Rib Mills.* 7% preferred-.100 18 100 Bristol-Myers 30% 39% * Preferred _ Bristol Brass 130 16 .10 com 17% _ * Prior A preferred- Brillo Mfg Class A 78 Auburn Automob * Austin Nich & Co..* Autocar old 7% 21 25 Aguirre 5% preferred. 55 * B Ask Cent Ohio St Prod.* CenVioletta Sug com "8% Bridgeport Brass Bridgeport Mach._* Briggs Mfg * Briggs & Stratton.. * Brighton Mills pf 100 Brill Corp class A--* Class 115 5% conv pref. .100 Atlas 13 common . 26% Conv preferred_20 Atlas Powder * Bid * Gent Foundry com. 1 7 Corp New 43 Warrants 116 , Corp * American PianoClass A new----* 7% 1st pref 50 6% preferred __50 * 5% non-cum pflOO Atlantic Refining. 25 4% conv pref. 100 Atlas Plywood * Pref American News N Y ClassBnew.. 50c Amer Pneu Serv-_25 Atl Gulf & Wind SS Lines New Amer Maracaibo__l Amer Metal Co * * 5% 11% Baker Chemical * Balaban & Katz._25 Old common.--.* New common Warrants.-- 6% conv pref—100 47 5% 11% * Aviation Corp (Del) 3 Axton-Fish Tob A 10 90 American Meter 12* 46 13 Automat Vot Mach * Automobile Banking 86 7 % preferred- .100 Fdy_* 2d 25 Automatic Prod Amer I G Chem A_* Am Mach & Met__* Am Maize Prod * 120 Rayon.* Atl Coast Fisheries IF iF ip 6% non-cumpflOO Amer Mach & Associated Oil Associated Central Associates Central Airport 32% preferred--100 preferred Brewers & Dist v t c* m 39% 6% 38 * Amer Home Prod__l Amer Hosiery 25 Amer Ice Co * Amer 108% £1 39 19 17 _ 7% preferred. 1st Breeze registered Par share 3 Common 100 " 6% 1st pref—100 Cyanamid A. 10 k 21% 95 Stocks Ask Bid Bilt Hotels— Bowm 21% Am dep rets ord 27 Par . Per share Assoc El Indus Ltd 160 Preferred Stocks 100 Dry G'ds—1 7% 2d pref—100 Cigar Co Preferred Preferred Assoc 6% 1st pref—100 98 Amer Coal (N J)__25 Amer Colortype__10 Amer Commercial Alcohol com 20 Am Crystal Sugar 10 Ask Per shhre Per share J Called Feb. 1 at 107%. Common v tel. 25 6% pref vtc—100 9% 37% JAN., 1937] INDUSTRIAL Quotations for all securities Stocks Par Bid Ask Stocks Par pfr 7% 1st pref—100 Distillers 17% 5 Container Oorp—20 Class B 7 % preferred- -100 Cont Bkg A (vot) —' Class B (vot)—' 73" 24% Doehler Die-Cast— * ^30:" Pf(8%) (non-v) 100 103 68 Continental Can. -20 Cont Diam'd Fibre _5 Cont'l Oil Dold " 110 Cont Screw com- -10 10 Preferred Cont Steel Corp * .50 —_* M 27% Converse Bubber. * Preferred 100 Cook P't & Yarn..* 25 38 Dow Chem com $4 104 50 75 1?* Preferred Fisk Bubber Preferred 31% 27 56% Oopperweld Steel--* 25 % Dresser Cord Oorp -5 Corn Prod Befg.-25 68)| 21% 115 .... ip 100 Preferred Coty Inc Oourtaulds Ltd— Am dep rets ord£l CrampjfW) & SnslOO 1% 100 49 % 125 Crane Co com Preferred 25 Creamery Package Cream or Wheat Creole Petrol Crocker-Wheeler * 6 36 37 % Bradstreet Corp.* Internat'l.l Deben stock.. 100 Durham Hosiery— Class B com * * 12"" 173 134 Crown Cent Petrol-* Crown Cork Int A.* 2% Preferred _ 1 * * 26% 100 Crowley Milner Crown C'k & Seal.* SS $2.25 pref w w._* Preferred x-w___* Crown Drug com.. * Preferred 50 Crown-Willamette Paper $7 1st pf..* 24% 112 Crown-Zellerbach Vot tr ctfs.. * Crucible Steel 100 7% preferred--100 Crystal Oil Ref * Cuba Co.— 18 II 1 .Is Cuban-Am Sug.».10 7% preferred--100 Cuban Atl Sugar. 10 Cuban Tobacco * 5% Preferred 100 Cudahy Pack 50 . Preferred Cummins 100 Distil..-1 8% preferred —* * com $7 preferred * Curtiss Wright Carpi Class A.——..1 Oushman's Sons * 7% cum 2% ,2% 13)| 128 18 16 70 75 39 1073 40 107% 10 fib 106 6« 19N 51% 19% 107 6) 19J .1 1 Elgin N Watch.. .15 29% Elk Horn Coal 17 Davenport Hos'y..* 15 6%Part pref—.50 Ely Walker D G-25 1st preferred.. 100 Davison Chemical— 1 Mfg 10N * Class A Preferred Deere & Co * 7% preferred—20 Deisel-W emmer Gilbert Oorp Preferred 10 Common 1 6% preferred—.20 Detroit Gray Iron 8c Foundry .5 Detroit Harvester Class A (non-vot) * Common B._.. * 2d preferred 100 Diamond Match...* 6% part pref 25 Diamond Shoe com. 6%% pf (ww) 100 Dictaphone Corp * Preferred -.100 Dictograph Prod 2 Distillers Co Ltd.£l Distillers Corp- Seagrams * 5% pref w w—100 * : 106% 29% v 9% 63 .27% 100 27% 112 17 23 39 18 23% 41 1% 1% 5% 5% 27% 25 107% 30 73% 17% 150 2.00 11* 123% 50% 154 54% 13 Brothers Haloid Co 58 39% 25% 105 62% 119 63 121 76 pref. .100 26 108 46 6% Hanna $5 cum 4%% conv pf.100 60 Feltman & Curme Shoe common...* Preferred-. _* Ferro Enamel * Fiat Am dep rets Fidelio Brewery 1 38% Field (Marshall) Co. 5th Ave Bus Sec lVk% 32 39% 104 57 is* m 33 39% 109 59 29% 31 205 40 43 39% Preferred Gobel (Adolf) 26 124 2% 85 1% 2% 16 V A..1 1 14 6%% prefw wlOO Hathaway Bak A—* Class B * Preferred.—* 106 5 2 , 1% "6" 100% 15% SS SS Corp com .3 Tw -* E)" "coml2 w 14% 10% 28 24 (G W) Co— 25 7% non-cum pflOO Hercules Motors * Hercules Powder..* Herr-Hall-Marv . 100 100 ..100 Preferred Hershey Chocolate. * $4 conv pref....* Heyden Chemical. 10 Heywood-W akefield 1st preferred--100 2nd pref... 100 50 24% 122 110 164 34% 150 129 16 20 103 63 108 89H 140 120 Hinde 8c Dauch—100 44 Preferred——100 103 Hires (O E) Co A..* Hoe (R) class A..10 ,40 Prior pref... —65 Hollander (A) & Son 5 Holland Furnace..1 $5 conv pref Holophane Co * Preferred. Co—1 * * —_* 15 39 24 49 20 35 Holly Sug Co.—.* % 42% 100 113% Preferred 26) 92 5th Ave Coach—.25 Filene's Sons * Film Inspect Mach* 100 10 1 Common 4 % %conv pref 50 Globe Wernicke—* * 53 130 Hershey Creamery. * 20% & .* M -100 Harvard Brew Helme preference—20 20 % , 52 128 com* 7%preferred. % 18 47 100 w__25 Preferred xw 25 $5 conv pref * Gimbel Bros-* $6 preferred * Gleaner Harvester.* Glen Alden Coal—* Glidden Co———* 40 20 31% 100 Hat Corp class Class Bn-w Preferred Preferred * Gilchrist Oo -* Gillette Saf Razor.* 55 % 29 * pref Hartf'd Rayon Preferred Hartman Tob Heller Gibson Art—-—* Gilbert (A C) * Federated Dept Sts * —* H Rubenstew Cement com—.50 Preferred , Harb-Walk Ref— Parts Giant Portland— Fans t eel Metallurg * 24% 1st 7% class A 25 Hecker Prod v t c_.* Hein-Werner Motor Georgian Inc— Fodders Mfg com..* Federal Mot Tr--.* Fed Screw Works--* 13% (M A) Common Common...— 6% cum pref A100 A cum Preferred Hearst Consol Pub— Genessee Brew A—1 _ iilf Hammond Clock— America.. Hazel-Atlas Glass.25 Opt warrants Common.——* 28% 108% 6% 13% 106 Hazeltine Corp * Hearns Dept Stores Preferred -—100 Gen Tire & Rub—5 Voting trust ctfs. Fanny Farmer Candy 15J 18] 28 10 24 107 $6 preferred ... 100 Paper 10 Common Hayes Body.. Haytian Corp of Gen Time Instru—* Falstaff Brewery..l Famous Players Can Corp com—1 m 10 15% 8% Hammermill Preferred Conv pref v t c—* Sub warrants Fairbanks Morse..* 6% preferred—100 Fairchild Aviation. 1 Fajardo Sugar——20 70% 128 ' com. 5 Watch-.* 59 59% 129% 22% 27% 105% Hamilton New common—* 8% non-vot pf 100 55^ IV4 Potter com..—* $6 conv pref--—* Gen Theat Equlpt— Old common-—* 4 4% 7 Corp..—25 " Preferred Refractories--* Gen Steel Casting—_ Common. ...—* 25 15 11 Harris Seybold — 7% preferred—100 34% ..1 Common preferred--100 Optical pref— * Fairbanks Co. 9% 75 22 — 6%% pref—100 * Gen Foods Corp—* General Machine... 15 tin 138 J129 Halle 61 4% % preferred— General Mills * 6% cum pref—100 General Motors—10 5% preferred * Gen Outdoor Adv't'g Common * Class A .__..-* 20% 115 Great Nor Pap—25 Great West Sug * 7% preferred100 Greenrld T'p & Die* $6 preferred- .100 $1.50 preferred..* Green (H L) Inc—1 7% preferred-.100 Greyhound Corp..5 Hall Lamp com Hall (W F)Print'g 28 Exch Buffet Corp..* Fair (The) Chicago * 7 60 & Alabaster Hale & Kilburn— Preferred 100 ♦ 28% 4% 22 43 47 - 7% lstpref—.100 Gypsum lime Gen Eureka Vac Clean. 5 Evans Prod——.5 Ex-Cell-0 A & T 3 3% 13 6% preferred. .100 Gen _ m Raps Vara.* Grand Union ctfs_.l $3 cum conv pf. * Granite City St'l—* Grant (IT) * Graton & Knight..* Preferred. 100 Grand Gulf States St'l-—-* General Print Ink—* 5% preferred. .100 Equit Office Bldg__* Eureka Pipe Line.50 Hosiery (voting)-* 7% preferred. . 100 Guantanamo Sug— Bayon-A stk—* Gen Ry Sign com--* 6% preferred- -100 33 33) 26% Gould Coupler A— * Grabam-i*aige Mot 1 Grand Nat Films. _1 Gulf Oil -* Gen Plastics 5) $3 pref with war. * Gorham Mfg v t c_* Gotham. Silk Preferred General Elec Ltd— Am dep rets reg £1 Gen Fire Exting—* Gen 87 56 com Gruen Watch 6% 214 * 50 A. * Canada Preferred New preferred Gen Fireproofing- - * Preferred. 100 4% 115 102 New common.._* General Bronze..—5 7% preferred--100 27 $7 lstpref* 5% preferred Goodyear T & B of Groc Store Prod.25c General Electric—* 44 30 4% 28% Gt Atl & Pac Tea Non vot com * Preferred.. 100 Great Lakes SS —* 7 %preferred. -100 Gen Cigar common * 43% 80% Rubber com-..-* 14% General Box Corp— 45 sIH 125 Goodyear Tire & 37 13 10 66 pref—10 A 28) 49$ 7 % preferred.. 100 $5 conv preferred* 13% Transportation—5 Baking—5 8% preferred-- -* p.loqc * Goebel Brewing--.1 Goldblatt Bros pref. Good Humor Corp. _ 35 12 General 12% 40% Gray Telephone Pay Station com——10 $6 pf with warr—* 93 Without par value, Ex-dividend, Class A * / 10% $6 conv pref * Gardner-Denver—* $3 conv pref--.20 Garlock Pack * Gar Wood Indust—3 Gen Alloys Co * Endicott-Johnson_50 100 31 25 32 * 15 Detroit Paper Prod 1 Detroit Steel Prod.* Devoe 8c Rayuolds— & pref conv Emsco Derrick 100 Dijay Stores.... 1 Class A 7 % preferred Dennison Mfg— 8% preferred.. 100 Dentists' (The) Supply common— Denver Un Stkyds.* Derby O 8c Ref com * $4 Preferred * Det Gasket & Mfg— B_. 24 30 10 General American 2d preferred—100 Emerson Drug. .2% Class 8 3% * 12% 100 com. Corp* 8 , 1 31 Deck 8c Oohn com.* Deep Bock Oil 8c Bef 7% pf—100 11% 20% 35 63" Electric Auto-Lite. 5 7 % preferred-_ 100 Electric Boat 3 Elec Ferries com * Preferred 100 Elec & Musical Indus Am shs Elec Shovel Coal.—* Partic pref * Elec Stor Battery—* 125 15 General Cable Common Electrolux Corp 75 * 123 Gannett Co Inc— __1 $2 partic pref * Davega Sts Corp. .5 Common 34% Electrographic Oorp Darling Stores Corp BjCommon ayton Bubber 47% .100 * Electrical Steam Sterilizer 2% 44% —* $6 Magneto * Preferred ... $3 Preferred Co_ Preferred. .100 Eisler Elec Corp 1 17% Dardelet Thr'dlock * * Gamewell Edison Bros Stores.* Educational Pictures 84 Darby Petroleum. * Brewing com Easy W Mach B * Eaton Mfg Co new.4 Economy Groc Strs * Eitingon Schild 24 Fuller (G A) Oo— Partic pref * 2d preferred * Gabriel Co cl A—-* Gair (Robert) * Common.... 1 Preferred.. ..1 Eastman Kodak * Elec Vacuum Clean. Electrol Inc.. 81 * pref conv Preferred Conv preferred--* Eastern Sugar Assoc Eisemann 22% 25% Malt common—1 Eastern Boll Mill..5 Eastern SS Lines..* 49% pref. .100 * $8 cum pref Cutler Hammer 123 15% ; 10 Cuneo Press Curtis Pub 126 17 53)4 8 7% 22% Fuhrman & Schmidt 6 % preferred- .100 109% 124 Froedtert Grain & Eastern Mfg com..* Preferred * Crosley Badio Crowell Publish'g. $7 6% preferred-.100 57% Croft Brewing * Bid Per share Godchaux Sugar— Class A Class B Gorham Inc 2% Franklin Bayon 1 Franklin Ry Sup--* Freeport Texas Co— Name changed to Freeport Sulphur.10 6% conv pref.100 Duval Texas Sulph.* Eagle Lock 25 Bast Dairies Ltd * Bast Mail'ble Iron25 — 7% Wheeler—10 Units F-R Publishing Francisco Sugar Duplan Silk * 8% cum pref—100 DuPont (E I) de N 8c Co common. .20 35 "7" 49 120 dep rets Foreign shs A—* Foundation Co of Canada * Fox Film class A—* Fox (Peter) Brew..5 Fox St Louis Theatre (R G)— Dunhill Am Foundation Co * Dun 19% 3i% Ford Motor France- ..... Dubilier Condenser * 4% 39% 6% 50 33% % * 4%s conv pref .100 Foster (S R) A—* 90 42% S8 Am dep rets ord— Ford Mot of Can 100 Class A * Class B * 100 Dryden Paper $6 conv A pref--* CosdenOil * 42 Ford Motor Ltd— Class B-. -._* Driver Harris Co 100 Preferred .100 7% preferred--100 Oorroon & Bey'ds.* Par Goodrich (B F)-.-.* 12"" * Follansbee Bros Food Mach'y new 10 * Preferred Preferred 50% 113% 25% 11% Florsheim Shoe com* Flour Mills of Am. * 17 34% 106% 73% - 137 a-.100 Dow Drug 64 % '88 . ,* Stocks Ask 105 Flintkote Co com. * Florence Stove....2 Warrants Stores..* preferred * Cooper Bessemer--1 S3 cum pf A * .100 Corp-1 $6 preferred- - -100 38% 15% Douglas Aircraft-.* Douglas Shoe pf.100 20 . Dominion 34 7% 1st pref—.100 Fishman (M H)___* Finance— 104 • 10 First Nat Stores—* (Jacob) Pkg— 100 Preferred Common.. 21% 55 103 25 Cum preference.* 56 Dominion Bdge.100 r Dominican Coal— Preferred 25 20% 112 Dominion Glass. 100 145 Preferred 100 Dominion Steel 8c Coal B —25 iH Cont'l Boll & Steel • Preferred 100 ..... 6%% pref—100 M (Del).—5 (Mex)— ^ Domestic Continental Mot—1 Oont'l Oil Preferred Preferred 16" ' 6% lstpfw w_100 Dixon (J) Cruc-.lOO 36 * . Bid 41 20% Dr Pepper Oo new. * Dodge Mfg.___--.* 34 — 20 Class A— Par Firestone Tire 8c Bub 9% * * A—i Class Beading Liquors..5 Dixie-Vortex Co— Common 21% Consumers Gas— 87 STOCKS Per share Distillers & Brew's.5 leg Stocks Ask Bid Pershare rshare Consumers Oo com 5 u 6% prior pref_100 MISCELLANEOUS & near"as possible for the closing day of the month preceding the date of Issue are as t Galled Jan. 2 Ex-stock dividend. at . 110. a Called Jan. 1 at 55. k Last sale. » Nominal, r Canadian price, t Called Jan. 1 at 103. INDUSTRIAL 88 & MISCELLANEOUS Quotations for all securities are as near as possible for the closing day of the Stocks Par Bid Bid Par Stocks Ask 10 ical 100 90 95 Preferred 100 95 98 17 173* 193* Horder's Ind Hormel (G A) & Co * Horn (A C) com * 20 73* 93* Prior preferred_,5 Horn Hard't(NY).* 5 % preferred 100 _ _ Houdaille-Hershey 39 38 1103* 1093* ''.41 5* 42 245* 25 $6 part pref A Ken-Rad Tube & 683* Household Finance Common * Class A 663* 76" Preferred 50 Houston Oil (Tex) 100 Vot tr ctfs 25 Howe Scale com * 773* 13 125* com. 6% preferred Hupp Motor Huylers Inc— ♦ _ Common 23* Ideal 20 18 25 Illinois Brick 16 163* 20C 30c Imco Partic Ltd 1 92 Chemical Imperia Industries Kobacker Stores £1 213* 213* 203* Registered shares Imperial Tobacco 14 of Canada com__5 143* Imperial Tobacco shares . Laclede Steel 44 Indiana Gas & Chem 10 39 50 Milling Preferred 6% pref Indiana Limestone 1 Indiana Pipe Line 50 Indian Refg com. .10 Indian Terr Ilium Oil non-vot A—* Class * B Indus Accep Corp Cum pref100 Indus Finance vtc 10 Preferred 100 Industrial Rayon..* Ingersoll-Rand * 6% preferred—100 Inland Steel * Intercont Rubber..* Interlake Iron. * .... Int Agric Corp * 7% prior pref. 100 Int Business Mach_* Inter Button Hole Sew Machine.. .10 Int Cigar Mach * Int Harvester * 7% preferred.. 100 Int Mercan Mar Internat'l Metal & * t (Can)..* 7% cum pref. .100 Int Pap & Pow A__* Class B * Class C * 7% preferred.. 100 Int Petrol * Int Ptg Ink com—* 6 % preferred- 100 . Internal Prod * Internal Pulp _* Preferred lOO Int Safety Razor B_* Internal Salt * 2 '18 13H ^ 4 X 4^' 13* 163* 373* 134 "18 *58 423* 1863* Bakeries* 63*% preferred..* Interstate Dept St's* 7% preferred-. 100 Interstate Hos'y * Inter type Corp * 8% 1st pref-..100 Iron Fireman vtc__* Irving Air Chute 1 Irving (John) Shoe- II* 105 157 63* ' 993* 43 5% pref n-v—100 Jeannette Glass * 25 * Johns-Manv Inc * 7% preferred.. 100 i 123* 6 923* 343* m i* It* 263* 63* A* 32 1043* 343* 193* 118 24 163* 8 P 1173* 53* 173* 5 44 191 1503* 1243* 10 160 63* 12 6 35 453* "73* 'Vrnent 7% preferred-.100 Julian & Kokenge Kalamazoo Stove. 10 K O Stk Yds Me. 100 13* 28 493* 323* 903* ~\S763* 23* 6% 40 183* ■ cum conv Corp Al* lis *$8 pf 50 * u, 71 Lib McNeil & Lib-* 27 S avers Lig & Myers Tob_25 Common B—s_25 7 % preferred- -100 Lily Tulip Cup. — * Lima Locom Wks_* Lincoln Printing—* $3.50 preferred.50 Lindsay Lt&Chem 10 Preferred 10 20 243* 163* 9 23 143* 173* Merck & Co com.-l 6% preferred-.100 Mergenth'ler Lino.* 43 A* Nat Dairy Prod * Preferred cl A. 100 Pref class B .100 19 Locomotive Firebox* 26 * 663* 545* 433* 1093* 80 243* Mallory (P R)—...* 145 63* 28) 83* 29* 40 283* 543* 105 5* 53* 60 55* 39 9 7 3 25* .10 \* Mid-Cont Pet -10 303* 10 65* 15* ♦ tale, cony pref. 100 12 83 623* 143* 53 14 1 43* 303* 45* 313* No par value, n Nominal, r 110 98 ,17 67 85* Preferred 80 Nat Oil Products-.4 333* Steel Castings ._* 68 Type— 100 100 10 30 33 25* * 3 33* $7 preferred * Nat Ref common_25 Preferred 100 99 Appli Radiator. Nat * 273* 83* 15* 75* 303* 25 * Nat Supply Co—25 7% preferred. 100 Nat Sugar Refg . Nat Tea common. * Nat Transit 12.50 . Nat Union Radio. .* 1 Natomas Co * 123* •'■v: i 123* 3* 3* /2 15 78 523* 713* 273* 68 126 103* 103* 13* 123* 9 10 Cotton 100 15 48 122 * Nebel (Oscar) Preferred 55 72 273* 693* 132 < 105* 10o 123* * Nehi Corp com 723* * Neisner Bros * "35* 112 103* Neptune Meter A..* 18 >:-62:V Nestle-Le Mur cl A * 41 423* 103* 913* 295* 11 ....* 5% preferred-.100 Newport Indust 1 New Bedford 133* 165* 13* 67 365* Cord¬ 5 common Preferred age 97 36 Newberry (J J) CoCommon 120 \ 55 conv pref. 100 Nelson (Herman)—5 7% 1025* 115 63 223* * 100 New Bedford Rayon Class A 25 173* 111 22 W* 23 5 103* Mo Portl Cement.25 Mock Judson & Voe Mm 175* New Bradford Oil. .5 183* 43* New Hav Cl com.25 $2.50 283* 83* 101 26 |K 16 j 1 23* 74 Missouri Kansas Pipe Line 68 Nat Mfrs & Stores 6G Navarro Oil Miller (I) Sons com * Pref 6 3* % - - - -100 Common 104 preferred. 100 Nat Lock Washer_20 $6 preferred—100 Nat Steel Car Ltd.* 22 63*% pref——100 pf. 100 95 N J Worsted 135* w_100 I?** 97 Molybdenum Corp 1 7% 100 Naumkeag Steam 39 121 » 8% 1st pref 100 $2 n-c div shares- * k 23 Mid vale Co———-* 71 85 Scrip ' Mid-West Abras.SOc 35* Midwest Oil 1 10 75 17* 14 Products com.* 31 il Nat Shirt Sh Del..* Oil conv 30 "83* States Pet— 303* 30 com 6% com Nat Steel Corp Preferred * 19 73* 283* Conv part pref—* 55 153* .* 107 Leather. 10 Preferred 65* 63 1 Corp— pref....* 13 235* 1083* 143 National Nation'l Malleable & Mich Bumper t c 31 343* 1653* Nat Licorice -75" 72 26 113 * 65 Macy (R H) Co Inc * ..* Majestic Radio & Television Kelth-Albee-Orph— 39 53* Mexico-Ohio Oil v 49 1113* 100 * Class B vtc 115* loo" 100 Nat Service Cos Class A 8 162 7% pref A _* i 25* 323* 6% pref B Nat Screen Serv * 66 64 Nat Rub Mach Sugar 335* 133* 103 120 8 115* 693* 453* 243* * 122 Metrop Playhouse B Metrop Tobacco. 100 Mexican Eagle Oil_4 97 !S8 \VA Gypsum cl A.5 69 100 w 1st preferred.. 100 National Lead 10 35 133 23. 103* 673 443 Mad 8q Garden ...1 h 6% preferred- -100 Macfadden Newsp * Mack Trucks Inc.-* MacMillan Co * ww Nat Print Regulator * 6% pref ser A.100 Minn Min & Mfg—* Minneap-Moline Power Implem * $6.50 cum pref..* Mission Corp * Mission Oil 1 31 10 12 32 Minneap-Honeywell -* Class A Nat Fuel Gas 65* & 35 Pub—* Fire-Proofing 50 Preferred 50 Nat Food Products Nat Paper & Common 385* Preferred * Nat Enam & Stpg_* Nat 70 373 Macfadden * 100 Nat Dist Prod. 34" 33* 393* 100 38 44 1 $6 preferred 68 --5 Corp 105"" 110"" 115* 1-073* * Nat Dept Stores.. 32 MacAnd & Forbes 10 Lynch - 44 130 Midland Steel 23 Loudon Packing—* —- 84 * 5 $2 preferred--100 preferred--100 (P) 10 7 % preferred- -100 Lukens Steel 2 * Corp * * Midland Lorillard 100 1 Machine $3.25 pref Middle Louisiana Oil Refg.* 7J* Mesta Michigan 5% preferred--100 Taylor—100 Steel 82 1 Metal Textile 27 71 1065* pref....* conv 100 * com Mesabi Iron 20 3* Lord & Ludlum 96 K' ■ 27 1213* Mich Gas «Sc Oil.-.l Mich Steel Tube.23* 107 19 Long Bell Luna A--* Common * $5 preferred—100 Longwest Corp- — Loose Wiles Bis..25 11 90 118 100 com 54 63*% pref A100 Preferred Lockheed Air Craftl 63*% conv pf-100 Ludlow Valve * $2 333* 263* .. Metal & Thermit-.* * 1st 99 130 Scott 10 Preferred $7 Nat Cash Reg Nat Container 53 100 Merritt, Chapman Locke Steel Chain .5 152 . 100 333* preferred 100 Mfg_ 1 . - 7% preferred __100 Nat Candy * * Preferred 17 '455* 63* 100 233* 2d m Merrimac Bellas-Hess 50 Hat Preferred 55 Refg--.— * Liquid Carbonic—* Lit Brothors * Preferred 100 Loblaw Groc Ltd A* 126 * 170 22 * Class B -. Merchants RefTig..* lYeferred 100 Merrimac * Nat Aviation 10 Nat Baking com— New 6% preferred Nat Casket — 1083* 1083* ?2* 1 Fibres A vtc 133* 455* 175* Miners Transportation * Nat Acme Co. Nat Automotive Natl $2 i'artic pref...* 10 5 Life $6.50 cum pref..* Loew's Boston Th 25 Loft Inc— * Lone Star Cement.* 353* Common Merchants & 343* 965* 1st preferred-.100 Merchants & Mfrs 1113* 1013* 100 Nash Motors 2d Sec Co class A. 1 Pref with war.100 4j*% pref Shoe___..* 100 90 43*% pref 100 d 120 Mengel Co 1 115* 7% cum pref.. 100 1063* 37 5% preferred Mercantile Stores..* 41 Preferred 100 k 105 * Stores 333* 105 Melville 10 Preferred Myers (Ffi)& Bros.* Nachman Springf—* 243* 108 * com ; :■ . 7 % preferred Nat Biscuit 42 15c 63* 435* ..1 13 Dredg¬ * Mead Corp com * $6 preferred serA* Mead Johnson Class B $7 conv pref_—_* Munsingwear Inc..* Murphy (G C) * 5% pref....—100 Murray Corp j£. 10 Muskegon Pist Ring Muskogee Corp * Nat 1013* 443* 175* * Mellins Food Leonard Oil Devel 25 Lerner * Mount'n& Gulf Oil 1 Mountain Prod 10 Mueller Brass Co.-l Mullins Mfg Corp— 19 •• 43* 343* 223* * Corp..5 87 ~ pref. 100 103* 7% preferred- -100 Lebigb Vallev Coal * 6% 4 conv _ 235* new 18 Leh Portl Cement 50 * Kayser (JuD & Oo.5 $3 conv pref ing Leh Goalie Nav—.* Dept St's 12.50 Common 100 41 Pub.* McGraw-Hill Twist Drill 113* 183* Conv 6% pref. 100 McGraw Electric. .5 153* -.5 Loew's Inc 100 Katz Drug pref 100 105* McKesson-Robb'ns 5 43 Rlty Corp 1 Conv pref * 22 30 433* 77 14 99 1 Common 183* 53* 100 Lee Rub & Tire Preferred 73* 135* 100 36 McCrory Stores— 156 Lion Oil 61 963* 1273* 1033* 353* McKeesport T PI..* Link Belt Co Jones & Laughlin Steel common. 100 13* 1023* McCord Rad cl B—* 44 Lehn & Fink Prod-5 263* 1053* 98 93* 34 84 50 1 Preferred 26 25 110^ 44"" Warrants 223* Lane Bryant Inc..* 143* 44 McColl-Frontenac Oil Co —* Lakev Fdy & Mach 1 Lambert Co.. Lanatin Corp 1 27" 143* 1063* McCahan Sugar 23 '24 633* 26" 20 Lefcourt 75 1 623* * 19 * 100 Clark 163 Refining pref. .100 McCall Corp * 12 & Co Ltd Mot Wheel McWilliams Johnson Educat Bisc Class A Johnson Tin Foil & Metal 100 Jonas & Naumb'g2 3* 303* 1003* 443* 123* 43* ... (Philip) 105 9 ... Machine Co._ 100 Lawrence Portland 633* 1353* 183* 20 w w Preferred 30 1303* iV* 55c com Preferred Amer shares Motor Products 513* .187/s 403* Maytag Co * 1st $6 pref— * $3 cum pf w w ..* $3 cum pref x-war* iV4 153* 18 Common Preferred Plan 63* Morse 130 McLellan Sts com.* 633* 1303* Jacobs (F L) Co—1 Jantzen Knit Mills.* Kaynee 121 1063* 123* Lake of the Woods Lehman * Int Vitamin Corp..* Kaufman 103* 7% pref w w—100 Lanston Monotype 135 90 Preferred 105 Morris 10 7 % preferred- -100 Mayflower Assoc.-* May Dept Stores. 10 May Hosiery A—* 30 28 lOO Jenkins Bros Jewel Tea 22 Landers, Frary & 49 32 Preferred 1* ilg Internal Shoe * Internal Silver..100 Interstate 443* 153* Industries cl A . 16 90 67 63 Math'son Alkali.—* 14 Libbey-Owens-Ford* Int Nickel 7 % preferred. Int Text Book 23 Master Moore (Tom) Dist.l Moore Drop For A.* MorrellfJohn) & Co* 6 Machinery. 100 Mtge Bk of Colombia /18 100 Electric—1 133* 11 250 173* Preferred 203* 175 100 74 195* — 183* 103* 213* 43 ; 100 Preferred B 83 (Glen L) 1 Martin Parry Corp * Masonite Corp * 5% A conv pf-100 * Massey-Harris 5^ 363* 10 51 100 Martin 565i 152 .* Moody's Invest Serv part pref * Moore Corp com-.* Morris --1 Preferred £1 . of Gt Brit & Irel'd Am dep rets ord £1 103* Rockwell Marion St Shov—* 483* 53* _ Imperial Oil Ltd—.* 18 Marine Midland—5 Marshall Field & Co* 38 7 Cum pref 7%. 100 Amer 5 443* ■S8 * Koppers Co 6%pfl00 Kresge Dept Stores 1 8 % preferred 100 Kresge (S S) Co— Common (vot) 10 7% preferred--100 Kress (S H) new * 6% preferred—10 Kreuger (G) Brew.l Kroger Grocery & V Baking common.* 89 105* - Maracaibo Oil Exp.l it* Kleinert Rubber. .10 53* . 100 - Class A inferred A 233* Corp 42 * m3* ♦ Cement 193* Kolster-Brand Ltd— 46 Manning Bowman 6 Co class A—* 47 16 2-3 Knight (B B & R) pf* Knott Corp 1 153* 173* 53* 7% pref unstpdlOO 7% pref stmpd 100 Hygrade Food Prod5 Hygrade Sylvan—* 6 3* s conv pref—* 16 * Margay Oil Corp.-* 193* Kingston Products. 1 Kinney (G R) Inc.. * $8 preferred 100 Kirby Petrol 1 Klein (DE) Co * 1 24 Manischewitz _ 213* Convertible pref 20 73* 193* 23* 183* 1 107 •21 —* Rights 84 Mapes Cons Mfg-.* Maple Leaf Mill * Watch Kimberly-Clark 83* 1 983* Ward Montgomery Co common Mangel Stores— Marlin 80 ~7~3* / 20 10 1043* * 19 Preferred Hunter Steel 19 88 King 183* 793* 423* Humphreys Mfg 223* 18 Kingsbury Brew 1 Seeley com..! 3 40 1st preferred.. 100 Hudson Mot CarHumble Oil & Ref_ Keystone Case 40 97 Preferred Wire common * com 1 .33* Monsanto Ch WkslO New common 203* 173* 213* Lamp A .* Keystone Steel & ♦ ' 4 Monroe Loan Soc A* 27) 15) $5 conv pref * Manhattan Shirt_25 . /^lojBO *R Per share , 7 7% preferred--100 Mandel Bros Inc..* 103* 1 _ 49" 48 Kelvinator Corp. ♦ Kendall Corp com Class A : 25 1 B 13* 13* $6 preferred .* Kellogg Co KelloggSwitch & S .♦ 5% conv pref. 100 Kelsey-Hayes Wheel Class Bid Manati Sugar—100 5 Conv class A Par share Kelly Springf'ld Tire Common Stocks Ask Bid Par Per share Per share 9 Holt Hooker Stocks Ask STOCKS month preceding the date of issue 93* . New Niquero SuglOO New Process Co...* 55 7 "95* Preferred w t Called Jan. 13 at 110. 1 Called. Jan. 2,1937, at 100. a Called Jan. 16 at 1053*. Canadian price. % Ex-divldend. v Called Dec. 31 at 323** d Called Feb. 1 at 105 253* plus dividend. fc.Laat JAN., 1937] INDUSTRIAL Quotations for all securities Stocks Bid Par Newton Steel Ask ♦ Vending com Preferred Pender(D)Groc'yA * Class B. * Penick & Ford * Penney (J C) Co— Common * Penn Coal & Coke 10 Pa-Dixie Cement--1 7 % conv pref A100 Penn Glass Sand— Common v t c—* $7 conv pref * Penn-Mex Fuel— -2 pf100 non-cum Common * 44 N Y Omnibus— See P U stocks. N Y Shipbuilding.. 1 Founders shares. 1 7% pref. 100 N Y Transit 10 N Y Transports. 10 N Y Woman Nicholson File Penn Peoples Drug Stores ..1 Common.. * 834% conv pref 10 ♦ Niles-Bement-Pond * Noma Elec Corp 1 North Amer Avia__l North Amer Cement Common 1 Class A pref 1 Class B pref 1 North Amer Rayon irr Com class A__ Com class B Class Petrol Derivatives.* Petrolite Corp Ltd.* Preferred * Pfeiffer Brewing---* * Phelps-Dodge.---25 Prod--* $4 preferred * $6.50 preferred--* $6 preferred * Phila Insul Wire—* Phil & Read O & I-* Phila Record pref— Phillip-Jones Corp.* 7% preferred--100 Phillips Packing— .Common * 5K% pref..—100 Phillips Petrol * Phoenix Hosiery—5 7 % preferred- -100 No European Oil..l North German Lloyd Amer shares North & Judd 25 North Pipe Line..50 N'west Eng com » N'west Yeast J.. 100 Norwalk Tire & Rubber 3« 7% preferred- .50 29] Pie Bakeries v t c—* . Norwich Pharm 5 Novadel Agene _* OgUvie Flour Mills. * Preferred 100 46 38 250 166 Ohio Brass pref.. 100 Class B ♦ Ohio Leather * 90 Oldetyme Distillers 1 Oliver Farm Equip— 55 114 50>4 113 3354 2054 1754 3354 25 18 _ _ Preferred * Pitts Coal (Pa)—100 6 % preferred- -100 Pitts Forgings 1 Pittsg PI Glass--.25 J 23 2454 254 1154 54* 25)4 26 354 70 conv pref-100 &H 4054 2754 254 80 1354 4154 31 254 2154 . 4 4 17 a* 2154 18* 354 354 2854 29 3 Poor & Co class B._* A nines Class B * Potrero Sugar— Common. ......- Pref stamped Pref unstamped .5 Prairie Oil & Gas.25 Prairie Pipe Line .25 Pratt & Lambert--* Prentice conv of Calif com 10 Pacific West Oil...* Packard Motor. * Hall pref * Pressed Metals Am. * Pressed Steel Car..* New common—1 Pairpont Mfg 100 Pan Am Airways.10 7 % preferred- -100 5% 5% Pan-American For¬ eign Corp conv 59 8 4 J* 35 77 1954 12654 13 354 23 30 354 354 111 .... conv 27 56 101 1 17 18 "554 454 27 2854 conv pref.100 Pantepec Oil Co 1 Parafine Co Inc * 6054 9K F 35 25 4 354 354 25 15 12 3434 4454 5554 35 4654 33 654 • 2754 56" 34 7 v<y< 70 69 4 54 210 116 11854 _ * Parker Pen 10 Parker Rust Prf_2H Park & Til ford Inc.l * I! 88 25 26., 26 K 25$* 84 6 35 50 6954 654 Patchogue-Plymouth * P ithe Film Corp 7% preferred I eck, Stow & Wile25 954 97 10 100 1654 k Last sale, 67 5654 1254 115 Solvay 23 554 Nominal, 34 54 Common * 52 47 Canadian price, 55 48 x 25 Scullin Steel pref... Seaboard Fin Corp— $2 cum .1 pref ww.* Ex-dividend, 6K 654 24 100 South Coast Corp--* Southeast Exp-.100 South Dairies A—* Class B * 754 254 ■ 5 South'n Pipe Line 10 Southern Webbing 14 Mills Inc Southland 954 Royal--* Oil 25 4354 South Penn Sug_* 34 — 100 8% preferred 155 42 So Porto Rico 154 50 954 73 23 12054 '!i Spear & Co —* $5.50 pref * Spencer Chain Sto.* 7 21 90 954 Spiegel-May-Stern 12154 43 9854 11154 112 3454 73 140 86 1054 * 11154 654% Pref 100 Spencer Kellogg—* Sperry Corp v t c-.l Spicer Mfg Co--.—* $3 conv pref A * Square D Co B * Class A pref * 106 K Common Squibb (E R) & Son* preferred * Stahl-Meyer com—* Staley Mfg Co—100 Preferred 100 Standard Brands * $7 pref ser A * Standard Brew— ..* Stand Cap & Seal..5 New common 1 Conv preferred-10 Stand Com Tob—* 35 54 30^ 5054 37 28 103 354 140 105 15 124 ; 24 30 11 Dredging—* 4 Conv pref * Stand Oil (Oal)—* 15 Stand Stand Oil (Ind) —25 Stand Oil (Kan).. 10 Stand Oil (Ky) 10 Stand Oil (Neb)—25 Stand Oil of N J—25 5% preferred-. 100 Standard Screw. 100 Preferred A—100 8% preferred.. 100 .* r 25c Warrants Schulte Retail Sts.l * 112 Soss Mfg common-1 354 1554 * 100 : 1 Inv— Pref with warr.100 Schulte Real Est..* Rainbow Luminous Product A * Class B com .i* Rainier Pulp & n Amer Stand Oil (Ohio)-25 6% pref 1654 554 15 Mfg Corp Standard Plastics... Standard Products. 1 Scott Paper Scovill Mfg 2954 Packing—.* Co Inc Solar 100 Schulze Baking 90 Sonotone Corp 1 Conv preferred--1 Snider Socony Vacuum St Lawrence Flour com 2854 1654 —25 1154 154 43 30 54 5 / Rustless It & Steel.* 100 r is* 108* Typewriter vtc—* Smyth Mfg Common....—.* St L Nat Stk Y__ 100 St L Rocky Mt & Pacific Co—100 Preferred .100 St Regis Pap com. .5 47 Smokers Match—* 54 100 r 24* Smith (A O) Corp. 10 Smith & Corona & Pomeroy com.. * Paper Co Preferred.. 1854 com 554 Skelly Oil 15 6% cum pref--100 lig Ryan Cons Petrol.* Ryerson & Haynes.. Safety Car H & L100 I Safeway Stores * 5% preferred.. 100 6% preferred.. 100 7% preferred.. 100 St Joseph Stk Yd 100 7654 365 * * com.. 7% preferred—100 Schoellkopf Hutton 6% preferred.. 100 Quaker State Oil-.10 Radio-Keith-Orph. ♦ 18« Yards 1 ♦ 454 354 * pfd.20 554% Pref 8% preferred-.100 6% voting pref 100 Purity Bakeries * Pyrene Mfg——10 Quaker Oats 4554 S'west Pa P L Ruberoid Co.— Russeks 5th Ave 30 * pref Sloss-Sheff S&O100 7 % non-cum pflOO Savage Arms * Savannah Sugar...1 Savoy Oil 5 Schenley Distillers.5 Class B Without par valua 3154 Royal Typewriter.* 7% preferred.-100 Schirr Co new Simmons Co Spalding (AG)&Br_* 7% 1st pref—-100 Spang OhalTt & Co * 6% cum pref..100 Sparks-Witn'gt'n Co 25c _ Pub r Simmons Hdw & Pt 1454 Preferred 72 15 56 Pullman Inc * Punta Alegre Sugar * Pure Oil Co * 6K 114 of N Y ord shares- Mills _ 100 9554 554 2754 Royal Dutch Co 854 254 138 (Franklin) & Co 7% pref... 100 Singer Mfg 100 Singer Mfg Ltd— £1 Sioux City Stock 132 6 Rose 5 10&25c Store Common 6 Rossia Int Corp * 10254 23 Common 3954 7954 Preferred. .—.100 Root Petrol Co m ... Simon Rockwood Co.—.* Preferred .100 conv Rights Simms Petroleum.10 Robinson(Dwight P) 7% 1st pref... 100 $1.20 59 11 11 Common.. __.._* Preferred 25 Robertson fHH)..* Roosevelt Field 16 40 99 Preferred 100 Salt Creek Prod-. 10 Sanborn Map 25 Common 8% 2854 113 10 Propper McCall'm.* Prosperity Co B Publication Corp. First pref 100 1 R._* 154 534 * Common .1 Ritter Dental Mfg.* River Raisin Pap..* Robbins & Myers— W* 62 * Preferred 100 Simmons-Boardman 81 conv pref. 100 6% prior pref_100 Respro Inc * Bonds rights Pref ex-warr 25 Richman Radiator— 454 3054 102 Sher-WmsOan Rogers Majestic Rogers Peet 100 Rome Cable Corp_5 59* Seversky Aircraft. .1 Sharon Steel Cp * $5 conv pref * Sharp & Dohme $3.50 conv pref— Shattuck (Frank G) 5% pfser AAA. 100 k 11154 6% ... v 6 54 % conv pf_ 100 Sherw-Williams —25 Preferred w W..25 Renner Co ...1 Reo Motor Car 6 llH 154 1654 * - Warrants 3254 Rem't'n Rand com.l .... 154 70 Shell Transp & Tr £2 Shell Union Oil ♦ Remington Arms..* 254 1st pf__5 2d pf.-50 8% preferred-.100 6% preferred--100 Producers Royalty Name changed to Producers Corp— 1954 24 Rocky Mt Fuel-.100 112 New bond warr'ts. Proc & Gamble * Class A__ Class B Pan Am Petrol & j 10 Warrants 53 8 2754 Porto-Ric-Am Tob— Class A_.....—* .* 354 26 100 Rights..-. 2954 2854 - Sheaffer Pen Rice Stix Dry Gds_* 1st pref 100 2d pref 100 Richfield Oil of Calif Common 37 110 10 7% preferred. -100 6 % preferred- .100 Reliance Mfg Co common J* 26 Seton Leather Reliance Bronze & Steel common B At Sentry Safety Con.l 7% cum pref—100 554% conv pf-100 Reybarn Co Inc 1 Reynolds Metals. _* 554 % conv pf_100 Reynolds Spring 1 Reynolds Tob A. .10 3 3 1 __ Rubber.* Preferred-.100 Selby Shoe—— Selfridge Prov Stores Am dep rets—£1 k Sellers (G I) & Sons 7 % preferred-. 100 Serve! Co * 9 254 100 1054 Preferred 10 Revere Cop & Br. .5 Class A .10 72 & 20 l ware com & 1354 10154 515 1254 10054 5154 854 48 Preferred 82 654% pref.—100 Reis (Robt) & Co—* 7% 1st pref—.100 Reiter-Foster Oil..* Preferred * 7 Seiberling 7%pref vot.. .100 Reliable Stores Reliance Electric 83.. — , Pleasant Valley Wine Co ...—1 Preferred Pollack Mfg 354 154 3754 Red Bank Oil .* Reece Button-Hole Machine 10 Reece Fold Mach.10 Reed Roller Bit * Reeves (Daniel). * Republic Steel 1454 8754 85 Pitts ton Co— Plough Inc. Plymouth Oil 5 Pocahontas Fuel-100 „ * * Segal Lock & Hard 5% prior pref..25 $6 pref —25 29 7% Seaboard Oil Seeman Bros * Real Silk Hosiery M Common 5 Ask Per 42 Rights 6 for pref c (Illinois) 1154 5454 354 Pittsb Term Coal--l 6 % preferred- -100 Pitts United Corp 25 V t Bid Seagrave Corp Sears, Roebuck * common Engineering com.5 254 110 * L Mills 4354 4254 28 Owens-Ill Glass. .25 Oxford Paper com.* 6% preferred * Pac Amer Fisheries 5 Pacific Coast Co.. 10 1st preferred * 2d preferred * Pac Eastern Oorp—1 Pacific Finance Corp Trans 165 109 81K Manufacturing Parmelee 534 155 Pittsburgh Steel—* Preferred 100 135 17 54 118 Outboard Mot A..* Class B_._ ...» Outlet Co com * 7% preferred—100 Overman Cushion Co 25 Pitts Screw & Bolt-* £3 3?* $5.50 conv 1st pf.* Outboard Marine & Parke, Davis 24 118 15H * 4% conv pref.100 Paramount Motors * Paramount-Publix 10 Paramount Pictures Common.... 1 6% 1st pref 100 6% 2d pref 10 *1* 66 73 18 125 13 i 56 7% prior pref.100 _ 5 7 54 1854 * Omnibus Corp vtc_* 8% conv pf A. 100 Oppenheim Collins.* Osnkosh Overall...* Convertible pref * O'Sulllvan Rubber. 1 Otis Elevator .__* 6 % preferred-.100 _ * Winterfront.l Pitney-Bowes Post-* Pittsb Brewing * 7 % preferred Transp com Pan-American Southern.. Panhandle P 8c 4K 62 * Pirelli Co of Italy Am shs 500 lire— 6% preferred..100 6% pref 9854 pref-100 Common. Preferred 100 Oilstocks Ltd * Okonlte common 100 ^ 97 Pierce Oil Corp—25 Pines Stocks Ask 2354 954 Preferred * Raytheon Mfg— Vot tr ctfs com 60c 6254 Pillsbury Flour Mills * common 5 Pierce Butler Rad-5 Pierce Governor—* Pile Raybestos-Manhat Preferred 8% conv 8% 1st pref...100 Otis Steel. 754 554 62 Pierce Arrow Motor Car Corp com—5 Pierce Petrol Ohio Match......* Common 40 Phila Dairy 6 54 % preferred Northam Warren See Warren (N) North Cent Texas. 5 Ohio Oil iJK 36 Pettibone Mulliken B. Tire of Am—5 Randall Corp pt A.* Class B * 154 Conversion-1 Petrol A. Class * * Perfect Circle Pet Milk Pet Corp 6% prior pref..50 No Am Refractories I Mfg—50 Sugar 20 Penn Salt 89 Per share Raymond Concrete ' N Y Merchandise— Bid Par 754 354 m 3 & 1 Stocks Ask Per share Peerless Cement—Peerless Corp Peerless Weighing ■ 5% Par IK STOCKS possible for the closing day of the month preceding the date of issue Bid Stock* share 6% preferred.. 100 New Mexico & Arizona Land * N Y Auction * N Y Air Brake * N Y Investors com. * 1st pref 100 2nd pref. 100 N Y Dock 100 MISCELLANEOUS & are as near as 62 85 50 2154 Stanley Works 25 Starrett (L S) Co..* Starrett Corp— Common v t c—1 Preferred 10 Steel Co of Can—* 854 29 t Called Dec. 31 at 105. Preferred 25 43g54 31 1954 11 68 37 104 3» 2154 155 120 53 3454 P 83 7454 INDUSTRIAL 90 STOCKS MISCELLANEOUS & Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Stocks ; Bid Par * 100 185* Co * Transamerica Corp * Transcontinental & West Air Line—5 Torrington Rights...—.. Steel 16% 100 * 19% 2% 4% -12% 415* Common Tung-Sol 75* Preferred. ... 100 New 6% pref—50 IT 8 Realty 8c Imp.* •4% TUS Rubber... .* 8%n-cu 1st pf.100 U S Rubb Reel-.-* 13% Submarine Signal— Sullivan Mach'y— * lift 25* 255* 74 % * 124 42f| 545* Superior Oil Superior Steel Susquehanna Silk Mills common—* U S Steel -8$g Lamp—1 9 115* if 5* 98% 4^ •685* 103% 13 102 34c 8% 1st pref—.100 Utah-Idaho Sugar.6 Preferred-, 10 Utica Knit Co—100 7 % preferred. .100 Vadsco Sales Corp— Common.... * 28% 21% Valspar common.. 1 Lines .* Valvoline Oil com... Sylvania Industrial Symington Gould- 100 United Vanadium Corp...* Van Camp Milk * * $4 preferred * Van Dorn Iron Wks* Van Nor Mach Tool5 Van Raalte Co 5 Common Preferred. 1 1 w w r Common x w Taggart Corp com.* 7% conv pref. 100 United Carbon United-Carr Fast. United Chemical 7% preferred * $2.50 Pref w 1 Talcott (James) com * * 5% % partic pr.60 Tasty east Inc cl A.l Taylor-Colquitt Co * Common 100 Taylor (K) Diet—-1 Taylor Milling * Taylor-Wh ar ton Iron & Steel com.* Technicolor * Inc. v Telaut'g'ph Corp. Tennessee Tennessee Prod- Preferred United El Coal 3 50 : Term & Trans com.l Preferred Texas Gulf Sulph__* Tex Pac Coal & OillO Texas Pacific Land Trust old stk--100 5 United Fruit * Un Merch & Mfrs_* United Milk Prod—* 10 6 34 Texas Corporation 25 Texas Gulf Prod * * Un Eng & Fdy JX 6 Corp Dye wood. 10 7% preferred-.100 21% $2 preferred * United Molasses Ltd 545* Amer dep rets- .£1 8f Unit Paperboard 100 Preferred. 100 Unit Piece Dye com* 13% 80 Preferred- —100 29 Sharing * 10% preferred—10 Un Snipyards B 1 39 14 1100 _ Ctfs sub shares..* Texon Oil & Land. _2 Thatcher Mfg (vot) * $3.60 conv pref..* Thayer-Foss pref 100 Thermoid Co 1 7% conv pref. 100 $3 preferred Un Prof 125* Class 62 % Tide W Assn Oil. .10 6% conv pref. 100 Tide Water Oil * Tilo Roofing com..l Preferred-. Time Inc com * Timken-Det Axle. 10 7 % preferred—100 Timken Roll Bear.* Tishman Realty * Tobacco & Allied Stocks, Inc Tob Prod Expts * fe * A ■is* 65* U S Freight U S Gypsum.. com. . 67 3J* 11% * 385* 118 WalkerJH) Good'm $6 preferred...100 Willson Products..1 Wilsonite Corp. 1 Wilson-Jones .....* Wither bee Sherman Preferred-60 Wizard Inc cl A WJR The Goodwill Station.. 5 Wolverine Portland Cement com...10 Wolverine Tube 2 Wood (Alan) Steel 7% preferred—100 Woodall Industrie .2 Woodley Petrol 1 Woodward Iron.100 6 % preferred. 100 Wood ward & Lothrop . Yellow * Coach Mfg cl B..1 7% preferred. .100 York ice Mach—.* Preferred—.-100 Wrigley (Wm) Jr..* pref ..* Warren (S D) Co * Waukesha Motor. .6 $3 pf.100 Part conv&cl A.* U S Lines pref. * U S Pipe & Foundry 'Common 20 U S Playing Card. 10 conv pref. * No par value. t Ex-100% stock dividend. Jt Last sale, _ * .25 Truck Preferred 425* 15 25* 44 45* 32 5 13% 52 135* 9 20 65- 100 Y<mn^LA) Springy Youngs town 60 98 35 77 116 72 ,9% 49 22 129 73 114 127 445* Steel" Door common Wayne Pump 1 Webster Eisenlohr.* $7 preferred—.100 62% 22% 8c Young (J S) Co. 100 * 67% Youngstown Sheet 8c Tube * 55*% pref—100 n Nominal, r Canadian price. * Ex-dividend. 77] 106! Zenith Radio.....* Zonite Products-—1 Univ-Cyclops U S Postal Meter • ord. Wrought Iron Yale & Towne. conv -77% •V 120 * $3 -8% ; 71 Worcester Salt. .100 Preferred-.—100 Worthington Pump & Mach 100 7% pref A 100 6% pref B 100 Wright Aeronaut!.* Warren Fdy 8c Pipe * Warren (Northam) 7% 10 Am dep rects .* 7% 7% preferred.100 Woolw th (F *W)-10 Wool worth Ltd— Common Preferred.......* Preferred... 26 -—. Walworth Co * Ward Baking Corp— Com class A....* Com class B__..* 7 % preferred- -l5t) Warner Aircraft 1 Warner Bros Pict— Common 5 $3.85 conv pf * com 1754 215* 955* 6% & worts com..* 55*% conv pf..50 cum pr 2 |;;:2% 11% 17 Warner-Quinlan Co* U S Ind Alochol...* U S Leather v t c..* 9% 55* cum pf—100 7% — 235* 107 72% 35* 65*% Warren Bros U S Hoff Machin'y 5 70 248 15% : * 20 7 %preferred. .100 63 40 ... rr7A,T£ferred-10? A1H 105 10% 23 155* 101 6 %|preferred.—10 Wilson & Co..—_* Warner Co ..100 U S Finishing.....* 105 43 20 Common .......1 8 * Preferred 37% Class B..._....* Waldorf System...* Walgreen Co ,65* 40 ctfs— .* 90 42% 7% conv pref_100 U S Envelope...100 30 m 76 135 2% .1 U S Distrib 116 Vulcan DetlnninglOO 7 % preferred- .100 Waco Aircraft * Wahl Co. —_* Waitt&Bond Inc A * 1% Untd Sh Mach Co 25 Preferred 25 U S Dairy Prod A.* Thew Shovel Coal.* Thompson-Starrett * $35* preferred * Thompson (J R)..25 Thompson Prod * $5 conv prior pf_* 12 K 24 Willys-Overland— 28 Common.......* 6% part pref..100 Va Iron O & C..100 5 % preferred—100 Vick Chemical .5 Vick Financial. 5 Viking Pump. ,.* Preferred ...* Vogt Mfg—._.—._* United 2 i Conv pref......* 40% Vicana Sugar v t c.l Va-Oar Chem— Certificates— United Drug. 5 United Dry Dock--* 16 17 62 10 Venezuela Mex OillO Venezuelan Petrol-1 6% preferred-.100 Preferred 295* 106 23 33 33 103 $5 prior pref * Wilcox & Gibbs—50 Wilcox (H F) Oil & Gas.....—..5 Wm Oil-O-Mat * Williams (R O)—* Wil-Low Cafet 1 29% 7% 1st pref...100 1 2654 355* Wickwire Spencer Steel common—* Wieboldt Stores...* )6% Van Sweringen com 1 Common * $3 part pref * United Cigar Stores- 49jJ 147 1525* Preferred--.—100 8% preferred Biscuit— of Am com. 117; * Whlttal (M J) pref— White Motor....50 White Sew Mach .* 100 Preferred... Transport ....—5 62 r W Va Pulp Pap..* Preferred. ^ i—100 Westvaco Chlorine.* 62 Unit Amer Bosch * Un Artist Theatre.* Air 32 r eston El Instru—* Class A —* W Va Coal 8c Coke.* 31 87 Swan Finch Oil... 15 Sweets Co of Am.50 Swift & Co -..25 Swift Internatl__15 United - 7% first pref..100 1% Whittall (M J)— 52 5% preferred—— Common....—* 205* ; 4 1 , 7% 1st part pf.60 Stk trust J. 5 5*% prior pref.* Transport warr'ts. Paper. 10 _ $4 conv pref— ..* White (SS) Dental 20 White Rk Min Spgs- 7% conv pref.100 Valley Mould 8c Iron 27 Un Aircraft & 100 83 6% conv pref. .30 164% Wheel Steel Corp -* Univ Pipe & Rad—1 Universal Prod—..* Un Aircraft Corp..* 90 _ Stationery 10 14 8% preferred—100 26 71 preferred. .100 West Indies Sugar. 1 Westins Air Brke_* West'he El 8c Mf-50 -4% Universal Pictures. 1 J 5* 80 |.v;,9 . Western Tablet & 38 United Wall Paper .2 Universal Corp vtc.l Universal Cons OillO Univ Leaf Tob....» _ * Exp.,—1 . Auto Supply— Common * .100 44% 18" "i 4 6% 169 Convjpreferred. * Union Oil of Calif.25 Un St Yds Omaha 100 Union Tank Car * A..—- Class B Sutherland 132" United Stores A * $6 conv pref ..* Vot tr ctfs 5 com $3 preferred * 55* Western Grocers..* Preferred ..100 7% non-cumpflOO United Stove 26% Common A.....* Western Cartridge— uls _ 635* West io% ^ 785* West Dairies Inc— 7% pref ..—.100 US Stores 1st pf.100 U S Sugar Corp. . _ * Preferred..— * United Stockyards— Common— 1 157" West Air . m m 50 Corp..100 U S Tobacco——* 17" Underw Ell Fisher.* Unexcelled Mfg.. 10 Un B & P Corp....* Union Garb & Garb * 44 drift $4 convjpref. . 47 7% preferred 9 75*% pref——... 1951 C 451 * * 10 . ... 24 80c div conv pref * 20th Cent Fox Film Common——.* Preferred* Twin Coach com..l Ulen & Co com... Preferred., 100 69 Preferred Wells Fargo Expr..1 Wentwortn. Mfg 5 Wesson Oil & Snow¬ New common w 1. 20 21% 13% Per share 26 105 , Preferred. *•-—100 Wellington Oil.-.-l 35* 85 Tuckett Tob pref 100 Bid ... Par Juice. 5 Welch Grape U S Sm Ref & Min50 21 Stocks; Common.......* Preferred 50 7% preferred-.100 255* Studebaker Corp.-l Stutz Motor Car—* Class 17 Preferred. 100 Tubize Chatillon- .l Class A.. 1 90 Strut hers WellsTitus Superheater Co 975* 175* _ romberg Carlson.* 0% preferred--100 •iV. U 8 Radiator.....* 54 95% Steel—-.10 Truscon 104 J com 1 Common....... * Truax-Traer Coal- * Trunz Pork Stores.* Stone & Webster--* Strawb'ge 8c Clothier 6% preferred-.100 j7 % preferred- -100 Ask Per share U S Print & Litho— 21 4% Triplex Saf Glass— Am dep rets reg £1 pref....... 6% cum pref.-100 Sunray Drug SunrayOil 1 5%% cu con pf 60 Forging-.-* Transwestern Oil .10 Trenton VallDist—1 Trico Products....* (Hugo)Corp5 Sun Oil Screen—1 Williams Picture Transue & Bid Par Daylight Trans lux Stokely Bros Stroock & Co Am deprcts ord £1 Am dep rets def— Todd Shipyards. Stix Baer & Fuller.* Stocks Ask Per share Tobacco Secur Ltd— 95* preferred—50 6% 2d pref 20 Sterling Aluminum Products com Sterling Brewing... 1 Sterling, Inc 1 Sterling Products. 10 Stern Bros A * Common —1 Stetson (J B) * Preferred 25 Stewart-Warner—5 Conv Bid ■'j Par 110 65*% Pref Sterchl Bros com.-* Stinnes • share Stein (A) & Co com 1st Stocks Ask 33! 7] r United States and Municipal Bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue The custom in reporting prices for State and municipal securities is to quote them on the basis of the return the bonds yield per annum. in furnishing the prices below, it will be found that for the single maturity bond a bid and percentage basis. In furnishing prices for the serial bonds, however, we endeavor to obtain asked Therefore, quotation is published—either actual figures or on a basis for the varying maturities. For instance, maturity yields 0.50% and the bond due in 1951 the yield certain bond matures from 1937 to 1951 and is quoted 0.50 to 3%— this would indicate that the 1937 a yields 3%. Therefore, in the following list, it must be remembered the word to indicates that the figures shown . asked prices. Yield Basis Bid .'!,t To or Bonds Ask the yield basis; all other figures are bid Bonds Bid Ask ,, and Yield Basis To or Net are Yield Basis To or Net Bonds Bid Ask Net * UNITED STATES—See 4Mb 1947-52--a&o 4s 1944-1954 J&D 3Ms 1946-56—m&s 3 Ms 1943-47—J&D Treasury 3 Ms 1940-1943-J&D Treasury 3 Ms 1941-1943.M&S Treasury 3Ms 1946-1949-J&D Treasury 3 Ms 1949-1952-J&D Treasury 3s 1951-1955—M&S Treasury 3 Ms Aug 1 '41-F&A Treasury 3 Ms 1943-45—A&O Treasury 3s 1946-1948—J&D Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury 3Ms 1944-46—A&O 2 Ms 1955-60.-M&S 2 Ms 1945-47.-M&S 2Mb 1948-51 M&s 121.13 115.19 114.10 110.14 121.15 115.22 114.16 110.15 107.22 107.24 108.23 108.24 108.24 108.26 108.7 108.9 106.11 106.14 108.19 108.21 109.21 109.23 107.23 107.27 109.21 109.23 104.13 104.14 106.12 106.13 104.6 104.7 103.7 103.6 102.25 102.25 2 Ms 1951-1954. J&D 2Mb 1956-59-M&S 2 Ms 1949-53 J&D 101.6 38 Panama Canal 1961 Q-M 119 3s Conversions 1946 Q-J 112M 3s Conversions 1947 Q-J 112M U S 101.7 121 114 114h Treasury certificates 4Mb Ot House 1937-43 M&N 6 3.25 4 Ms Ref 1937-1961—A&O b 3.50 Madison Co 5s Refunding 1940 Mobile New Refunding 2-5s 4Mb Refunding 1937--A&0 4Mb Water & Sew '39_J&J Mobile Co— 74 May 1 103 105 / 98 1945 100 100 102 105 108 4Mb R & B 1937-38-J&D "4Mb 1939-1958--rJ&D Imp Jan 1 1937-1938 100 1939-1966—J&J 102 4mb Sanitary Sewer Jan 1'44 100 Montgomery Co 4mb 1957-59 63.80 6s Road 1951 119 101 104 —J&J Morgan Co. 5s 1938 5s Road 1939-1952.-F&A Tuscaloosa 6s P U 1937-45 5s W W 1939-1957 Tuscaloosa Co 6s Bridge 1941 5s Road 1957 5Ms serial ARIZONA Apr 15 1937 101.1 ;% Sept 15 1937 ! % Feb 1 1938 - Mar 15 1938 June 15 Sept 15 Mar 15 June 15 Dec 15 Mar 15 June 15 Dec 15 101.3 102.11 102.16 102.18 103.7 103.9 103.19 103.21 103.11 103.13 101.12 101.14 102.29 102.31 101.7 101.9 101.26 101 28 101.12 101.14 101.12 101.14 101.10 101.12 100.26 100.28 100.17 100.19 102.9 1938 1938 1939 1939 1939 1940 1940 1940 Mar 15 1941June 15 1941 —- 1M Dec 15 1941 Home Owners' Loan Corp— 3% prin & int guar '44-'52 2 M % prin & int guar '39-'49 2M % prin & int guar '42-'44 2% prin & int guar 1938— 1M % prin & int guar 1937— M% prin & int guar 1939Federal Farm Mtge Corp— 3M % int &prin guar '44-'64 _ . 102.31 102.29 102.6 100.28 101.2 103 102.31 102.12 101.2 101.6 105.29 105.31 int & prin guar 1944-49- 105.8 105.9 int & prin guar 1942-'47- 105.19 105.22 % int & prin guar '42-*47 104.8 104.10 % int & prin guar 1939— 101.2 101.6 Instrumentalities of U S Govt Federal Land Bank—Farm Loan Bonds 3s July 1 '55 opt '45. J& J 103 M 103% 3s Jan 1 *56 opt '46-J&J 103 103% . i 3.50 % 125 103 108 ; 111 West Side Irrig Dist 110 canada—See School No. 1 5s 1945—J&J 108 Highway 6s Jan 15 serially _ Phoenix 4Ms '50 opt '30.J&J 4mb 1937-1956. ——J&J 4mb Court Hse '37-'48.J&D 6s Jan 1 1946 J&J flOl 6 6 6 6 5s Jan 1 1954 opt 1934—J&J 6 5s W W 1937-1950 J&J 6 3.50 3.50 3.50 3 75 3.75 3.75 3.40 -a> 5s' 3.50 3.50 95 m 96 m 96 4Ms"'37:'50"-M&S 3s May 1'56 opt '46-M&N 3MsMay l'55opt'45M&N ' 103% 105 h 4s July 1 '46 opt '44—J&J 112 opt '37-M&N 102 h 1938—M&N 104M 4 Ms Jan 1957 opt *37-J&J dloo 4Mb 1957 opt 1937-M&N 101M 4Ms 1958 opt 1938-M&N 106 M 4s Nov 1 '57 4s 1958 opt ' TERRITORIES & U S PO SSES Honolulu (City & County)5s Pub impt 1956—J&D 15 6 3.50 5s Jan 15 1937-'56—J&J 15 6 3.50 5s 1937-1956 J&D 15 6 3.50 6 3.50 3Ms Sept 15 1940-53-M&S Hawaii Terr 4 Ms '49-M&S 15 4mb Jan 1945-4Ms Nov 15 '37-'65_M&N15 4Ms Nov 151937-58—M&N 4s Aug 1947 opt 1937--F& A 2.10s July 20 1941-1945 1.70% refdg 1940-44.M&S 1.75% refdg 1940-44-M&S Philip Isls 4Mb 1952 J&J 4MB 1950---------------4Mb 1957 M&N 4Ms Oct 1959 5s April 1955 — 5s Feb 1952 5Ms Aug 1941 Puerto Rico— 4Mb funding 1963. 5s Jan 1 1950 opt —- 6 2.50 105* M 100M 101 Me 107 SI ON 3.00 3.00 3.00 2.50 2.00 6 3.10 2.50 6 3.10 2.50 6 3.10 2.50 6 1.75 1.00 6 1.60 6 2.40 to 2.10 6 2.40 110 105 105 110 102 112 114 -J&J 6 3.75 '44—J&J 6 3.50 J&J 6 3.50 5s July 1954 opt 1943— 6 3.50 4s gold 1953 ?M» 1937-1946— H 103 H Little Rock— 4mb Fund 1941-50—M&N 6 4.50 4.00 4s Water Rev 1937-1976— 6 1.50 to 4.00 Little Rock S D 4s '37-*55 M&S 6 4.25 4.00 St Francis Lev D 6s 1947-J&J 103M 104 5 Mb 1945-1964 102 103 J&J 5 Ms 1950-1969 103 104 J&D 5 Ms 1944-1963 5 Ms 1947-1956 5 Ms 1964-1973 5b 1974-1983 J&J 6 2.90 2.00 2.00 Ml* renewal class C 1956.J&J 6 3.30 is harbor >s impt June 1 '37-*73 6 3.40 highways 1952 —M&S 6 3.10 s 1956 and 1959 Js M&S 6 3.15 1942, 1946, 1949—M&S 6 2.90 4s pub highway 1949-51.M&S 6 3.10 4s refunding 1945-1954 6 3.10 3 Ms refunding 1955-1965 6 3.10 _ Annistonref g 5 Ms Dec 11939 5s schools 1937-1947—J&J 103 103 Bessemer 6spub impt 1937-38 / 68 6s fxmding Dec 1 1947 f 68 Birmingham— 3Ms impt ref 1939-50—J&J 6 3.30 48*1937-1941 A&O 6 3.10 A&O 6 3.40 < 4M» pub imp 1937 A&O 6 2.00 4 Ms 1937-1960 —A&O 6 3.40 4Ms pub impt Dec 11937— 6 2.00 5e sewers Sept 20 '41 M&S 6 3.00 Gadsden 6% impt May 1 1937 102 5s schools 1937-40 A&O 100 Huntsville 5s funding 1942— 98 6s pub impt Aug. 1 1937— 98 4s 1942-1961 J&J3 0.40 6 1.00 6 0.40 to 2.65 6 0 40 to 2.20 61.00 6 1.00 6 1.15 6 2.20 2.75 to 1.15 % to 2.10 6 2.50 6 1.30 6 1.75 6 1.25 Veterans Welfare— 3s Feb 1937-1952 F&A 6 0.50 2Mb Feb 1 1938-1954.F&A 6 0.75 Alameda 4s 1937 to 1941. J&D 6 0.40 4mb Mun Imp *37-'48.A&0 6 0.40 Alta Irrig Dist 5s t&3.50 Bakersfield 5s 1937-52—A&O 6 0.50 J&J 6 1.55 J&J 6 1.00 Citrus Heights Irrig Dist 6s. J 50 East Bay Mun Util Dist— 5s 1937-1974 J&J 6 1.00 East Contra Costa IrrigDist6s 101 Berkeley 5s 1942-1951 5s School 1938-1955 to 2.25 to to 2.35 lesslM to 1.75 to 2.20 to 2.05 to to 1 1 I 2.15 % 2.20 % to 1.20 % to 2.20 % to 3.50 to 2.80 % % 2.50 % to 2.40 to _ \\\* 104 67 M 71 Los Angeles 4 Ms 1937-51 J&D 6 0.50 to 2.85 4s Water 1937 to 1945.M&N 6 0.50 to 2.35 6 1.40 to 2.90 4s 1940-1962 4s Water wks 1937-51-M&S 6 0.50 to 2.70 116 3.40 3.00 3.00 3.00 200 3.10 3.20 2.90 2.95 2.60 2.90 2.80 3.00 105 105 76 75 to 3.10 2.80 3.30 1.75 3.30 1.76 2.75 104 102 101 101 Wat Wks 1956-76 M&N Water wks 1952-75— Water 1937-41—A&O Water 1937-40...A&O Water 1941-70 A&O Sch 1937 -1944—-J&D 1937-1968 J&J 1937-1969 M&S 71 6 2.60 to 6 0 50 6 0.50 5s Municipal 1937-61..F&A 6 0.50 5 Ms Harb Imp '37-'61 M&N 6 0.60 3 Ms Wat Rev '37-'48..J&J 102 3 Mb Sch Dist 1938-61— J&J 6 1.00 Electric Plant Revenue— Ref 4s 1939 to 1975. J&D 6 1.50 Los Angeles City High Sch Dis 5 Ms 1937-1954--:..M&N 6 060 5 Ms Nov 1937-60——M&N 6 0.60 5s 1937-1964 F&A 6 0.50 4s 1937-1945 J&D & 0.50 4s 1946-1961 J&D 6 2.50 3 Ms Jan 1 1938-1960— 6 0.90 • e=S ; - 0.50 to 6 1.60 6 to 3.10 3.10 3.20 103 to 2.75 to 3.35 < 1.40 % to 2.70 2.60 2.40 2.00 1.70 2.40 2.15 b 0 50 to b 0.40 b 1.25 to to b 2.20 b 1.80 b 2.40 to 2.30 to to to J&J 120 121 J&J ...•—J&J 130 128 to J&J 2.50 % 0.40 to to 3.15 to ♦5s Construc'n 1937-49 J&D 6 0.75 Bristol 4Mb Water 1939—J&J 6 1.00 ♦5s July 1, 1937-55 J&J 6 0.60 ♦Cheshire 4 Ms 1937-45—J&J 6 0.50 Danbury 4s 1946 taxable.J&J 6 2.26 *4 Ms 1937-65 J&D 6 0.50 3 Ms Fund 1941 tax'le.A&o East Hartford (Town)— to M&n 6 0.60 M&n 6 2.50 4Mb Sch 1937-49 4Ms Sch 1950-59 East Hartford Fire District— ♦5 Ms 1937-1951 M&N 6 0.75 lirfleld (County)— i lMs 1937 to 1950 J&D 6 0.25 Glastonbury *4Ms '37-58. J&J 6 0.50 -; . . 2.30 2.10 % 134 130 133 129 to to to Y ■: to 1.20 to 2.50 to 2.10 2.00 to 3.00 to to 2.90 3.15 to 2.80 % to 2.00 to 2.75 to 1.50 2.25 2.80 to to <•80 ♦4s Water June '37-39J&D 6*0.50" to2~60 ♦4s Water 1940-45 J&D *4s Water June 1, 1937-39. 6*0.50 toi".50 ♦4s High Sch '37-'55—J&J 6 0.50 to 2.50 *4 Ms 1937-1938 M&S 6 0.50 to 1.00 ♦4Mb 1939-1960 M&S 6 1.25 to 2.90 Hartf dJSD *4 Ms '37-'47 M&S 6 0.25 ♦4 Ms Northeast n 2.70 2.70 3.10 3.00 2.50 2.80 3.10 1.50 2.75 i ♦4Mb 1937-1942 tax exm't- 6 0.40 4 Ms March 1,1937-1951 6 0.40 Groton SD4Ms June 1 *37-60 6 0.50 Hartford 3 Ms Bdge '55-J&D to 80 2.30 1959-J&D J&J .60 4 Ms 2d North 1944 2.20 *3ms South Sept 1955.M&S 2.50 2.20 4 Ms Southwest 1944.-M&N ♦4Ms Wash't'n '41-'47-J&J 2.25 4s West Middle 1937-F&a 6 0.90 KUlingly(Town)4MB'37-56J&J 6 0.50 Manchester— „„.j ♦4 Ms 1937-1944 M&N 6 0.60 Manchester 9th School Dist— 4Mb 1937-1951M&N 6 0.60 4Mb 1937-1949—. M&N 6 0.60 Meriden (City)— i 4Mb 1937-1943 Middlesex 3.15 to 3.20 to to B b 2.50 to 1.45 to 3.05 to or 2.50 '1.50 % to 1.20 % 6 0.50 ♦4s 1937-1968 f&A 6 0.50 3 Ms improvt 1937-41—J&J 6 0.50 to 3.05 to * to 2.75 to 2.75 to 2.35 to to to to 2 J&J 6 0.75 0.75 2.70 to to 2.10 to 2.80 to 2.75 to 2.10 to 2.00 County— ! 1mb Bdge 1937-55—M&n New Britain (County)— 4s Munic Bldg 1948—J&J to 2.35 4s to 2. ♦4mb School to 2.80 Los Ang Co 4Ms '37-'49-F&A 6 0.50 to 2.75 Modesto Irrig Dist 6s 3.50 6t3.50 Oakland 5Ms 1937-43—.F&A 6 0.75 to 1.95 to 1.75 4mb Mun Imp '37-'43_F&A par to 2.70 4MB 1937-1965 ..F&A par Oakland S D 4s 1937-44—J&J to 1.80 par Orange Co 5s 1937-45 M&S 6 0.50 to 2.40 Pasadena 4s 1937-42....J&J & 0.50 to 1.75 Redlahds 5s 1937-51 J&J15 6 0.50 to 2.80 Riverside 5s 1937-53 J&D 6 0.50 to 2.90 - to 6 0.40 90 to 1.75 6 1.75 6 0.50 2.95 % 2.45 2.40 1.50 L75 1 00 6 0.50 6 0.50 73 6 2.65 6 0.50 6 0.50 2.55 to _ Bridgeport 4 Ms 1937-65—J&J 4Ms High Sch 1937-63.J&J *4Ms Sewer 1937-46—-a&o 4Mb 1937-1957 A&O - 2Mb 3 M# 3 Ms 4mb 4Mb 4 Ms 4Mb 4Mb to to 1 00 0.75 to Imperial Irrigation District— 115m 2.55 — Golden Gate Bridge & H'way3 Ms series O 1942-1971-J&J 6 1.50 to 2.90 Refunding 6s 1983.....J&J Refunding 5s 1983 to t; connecticut Bloomfleld 4 Ms 1937-'52_a&0 6 0.50 Branford (T) 4 Ms '37-'50 J&D 6 0.50 Greenwich— to 2.90 106 106 ALABAMA >s Highway 1937 Univ Bldg Jan5'37-65J&J Highway 1937-48.J&J30 1937-1947 F&A Olympiad 1937-71-J&J2 1937-1940 F&A 1941-1947 F&A 1948-1952 F&A 4s Harb Imp 1985 opt '50-J&J 5s Jan 2 1941-1943 J&J2 4s Jan 2 1944-1948 J&J2 3 Ms Jan 1 1940-1949 J&J 2.95 95 2.95 /:% CALIFORNIA 5 Ms 4Mb 4Mb 4Mb 4mb 4 Ms 4Mb 4Mb to 3 Ms Mun Water Retire -1 1963-1972 A&O b 2.40 2 Ms Sewer Disp *47-'56A&0 b 1.80 Moffat Tun Imp D -v.. — 4% —„ ' to 2 2.70 0.75 0.75 zv/.j :? 4Ms Water 1944J&J 4Ms Ref Wat 1937-67-J&D 4Mb Water 1962-1965-J&D 5 D No 1 4 Ms 1937-53 .J&J S D No 1 4 Ms 1937-47-J&D 4s July 1941-1945 J&J 3.65% March 1. 1950-54— 2 Ms Sew dist 1947-56.A&O 3s Munic Wat 1963-72. A&O 101 97 Springs 2.60 93. ; _ 110 ' Hot to Colorado Spgs 4s Mar 11941 57.76 4 Ms 1937-1939 J&J b 0.50 Denver (City and Oounty)- 3.50% 3.50% 3.50% — to 0.75 b 1.00 3s warrants 1939-1951-J&D 6 1.00 2mb warrants 1952-'54. J&D ARKANSAS Highway 4 Ms Highway 4Ms Highway... 0.50 2Ms State H'way '39-54-J&D 3.40 /v m 05 2.25 % to 3 f 37 page 110 102 3.40 Phoenix Un H S D 4 Ms 1948 100M Prescott 5s 1948108 J&J Tucson 5s Water 1950 J&J 6 3.60 4Mb W Mar 10 1938..M&S 6 3.60 to 3.20 to 2.95 3*75 6s colorado 2.10 to 4Mb gold Aug 1943.—f&A 109 115 106 3.15 to3.15 to 2.90 Turlock Irrig Dist 6s l09~ 106 0.75 0.75 0.75 0.60 0.50 Maricopa County— 4 Ms 104.31 105 103 105 106 to 3.00 4Mb Water '57 '58, *59.J&J 4 Ms 1937-1951 J&J 4 Ms 1937-1951 M&N 4Ms Water 1938-1977-J&J 4s Water Distrib 1937-53___ San Joaquin Co 5s *37 *49. J&J Santa Barbara 5s '37-41-JanlO 101 106 5s funding 2.15 5s Water 1937-1951 J&J 5b Water 1952-1969--.J&J Montgomery— 5s Pub to 1.90 to 5s Municipal 1937-1960 J&J 5s School 1937-1966. —F&A 4Mb Wh & Har '37-'52_J&J 4 Ms Water 1937-1964——L 3 Ms g July 1,1937-44 .-J&J San Francisco (City & Comity) 102 4Mb June 1 1937-1948— 5s School 76 Par Par San Diego 5s WW '43-'54A&0 5s Water 1937-63 J&J 3.00 % 0.50 Sacram'to Co 4Ms '37-'46 J&D 102 ... M Riverside Co 5s '37-'54—M&N Sacramento 4s Jan '37-45 Opt 3.00 3.30 County— — and notes— - Jefferson County— also pa gel8. 1937-1952 6 0.25 6 2.50 —F&a 6 0.50 1937-40-F&a 6 0.50 ♦4Mb School 1940-'52-F&a 6 2.00 2.30 2.45 1.80 to 2.45 to to 4Mb Water Aug 1941—F&a 4Mb 1937-1969. L.90 6*0.50 toJLOO 6 0.60 F&a 6 0.50 to 2.20 F&a *4Ms Sch Aug '37-'43-F&a ♦4s Park 1937-1943 New Haven— ♦4s Apr 2, *40 tax-expt a&O ♦4Mb 1943-1952..--♦4Mb Paving Aug '37-f&a ♦5a •5a 1937-r39-'41 6 2.00 6 2.10 a&o 6*0.50 J&J 6 0.50 1937-1951. to 2.20 1.90 to 2.40 to L75 2.60 0.75 to "■ ♦ Tax-free in Connecticut. fLess 1M on bid side. I t Bid prices for long and short maturities. n Nominal, x Less 1 on bid side. 1 V: , 6JBasis. d Called Jan. 1 at 100. — /Flat price, i ■ STATE 92 AND BONDS MUNICIPAL Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Yield Basis Bonds or Bid To . Ask „ _ ♦4J<b Sch March 1937-1953. •4Hs Improv't '37-'39~J&J 3Ks 1937-71 ——A&O *.00 2.90 b 0.50 b 0.50 to 2.50 to 1.50 b 0.50 to 3.00 3Ks Sewer 1947-70. J&D15 b 2.90 to 3.00 6s 1937-71 —A&O b 0.50 to 3.25 2.10 Norwalk (T) 4 K« 1942—J&D b 2.25 b 0.50 to 3.00 4Kb 1937-1968..— Norwich 4Kb water 1939.M&S •4 Kb 1937-1964 M&815 &0.50 to 2*80 - 4Kb Refunding 1938.A&O •Plainfield (T)4Ks '37-57A&0 60.50 Putnam (T) 4Mb '37-'46.A&0 6 0.50 ♦Ridgefleld (T) 4Kb Jan 1 '43 (C) 4s 1942 M&N 0.50 0.50 0.50 Stamford (T) 4Ks ,37-,45 J&J to (s July 15 1937-66.:—J&J Water 1937-44.—. J&J Bdge St &c '40-'64.J&J is 1946-1953——.—J&J [s Water 1937-64—J&J s 5s 1963 . 2.75 M&S to 2.60 to to 2.70 2.20 2.90 2.60 2.90 2.50 3.00 DELAWARE 102 102 x02K 102 „ 1()2„ 1.00 *.00 2.00 1.50 — Wihn'gton—4Ks 1937—A&O 4KsBldg—Oon,53-,62 M&S 4Kb 1937-1950 CB-O)..A&0 6 2.00 5s 1947-1949..—..—A&O 4s 1938-1941— 2.00 .—A&O 4s 1942-1948——.—A&O 6 2.25 to 2.85 3.10 1.75 to 2~ 90 to • 102 102 101 99 I 2?90 & 5s of 1895 5s of 1913— 4Kb of 1883. Road bonds 6s 1955—... ~ $s '37-'56A&0 6s Impt 1937-1938—J&J _ 6s Ref & Impt '37-'56 f var~ Dade Co 5s Oct 1947-54-A&O Ref Bldg 5s 1958-——— _ Dade 102 99K ^3° Spec Sch Dist No 2 New refimdintfbondsl IIII _ 55 101 114 36 36 36 105 99 96 Duval Co Road 5s 1955——— Duval Co School District No. 1 5s 1937-1955— Escambia Co 6s Aug 15 1951. Gainesville 5Ks July 1937-406Kb July 1941-1975— Hillsborough Co 5s Oct 1 1943 Hillsborough Sch Dist No 4 Jacksonville— 5s Jan 15 1937-45—J&J 15 5Kb Jan 15 1940-45. J&J 15 4Kb Feb 1937——F&A Refunding 2.60s Jan 1 1957 Lakeland 6s.—Feb 1 1937-41 Water & Light 5 Mb 1940-50 Leon County 5s July 11937-40 117 _5s July 1 1941-55-....—— Road bonds 5s 1952———. . Miami 5s 1937-1939 —M&S 5s 1940-1956. M&S 4Kb 1937-1938 -A&O 4Ks Munic Imp '37-'55M&S — -Refunding 3-5s Miami 6Ks Beach— 1937-1939 1964— -M&N 1940-1950—-M&N Ref 4Kb non-opt 1947-56New Smyrna new refunding-Orlando 5Ks 1937-1952 Refunding 5s 1952..— Refunding 4s 1938-62.F&A Orange County 5s 1944—J&J 38 38 99 i 2.00 ) 3.00 102 99 /103 /103 fl03 /103 98 British 5Ks 104 99 121 5s 1952-1953—.—...J&J 5Ks 1945-1950—— 6s 1940-1950— ■ — - Palm Beach (City of) 5s— Pensacola 4Kb ref 1941—J&J 5s 1958.—— Pinellas Co ref highway.—.. Polk County 5s July 11937-40 St Augustine 5-4s stam'd 1955 SKs & 6s imp 1937—-F&A St Johns Co Road 5s 1946... Road 5Ks 1944... St Petersburg— , 5Ks 1949—— J&J 5Ks 1937-1953... J&J _ Certificates of deposit— SKs June 1954—.—J&D Certificates of deposit... 6s 1937-1938 ctfs M&N Suwanee Co Road 5Ks 1946.. Tampa— 5s June 1955 opt *25...J&J 5s W W Purch '37-72.F&A 4Kb Impt 1937 —J&J West Palm Beach 6s 1937-40. Certificates.....——.. - . Tax-free in Connecticut, ' 74 K 74 K 70 70 21 23 K 20 " 20 65 98 106K ' 7s 1937-1945-——.A&O Extl s f 8Kb 1953—M&N 21 19 French Government— 7s ext of 1949 stamped. J&D 7s plain 1949-.—..— 3.75 % 4.00 124K 123 K German Cons Munic 7s'47 F&A / 20 ^ _ 83 106 3.75 104 Jan to June 1936....... July to Dec. 1936 Dawes 105K 126 K 114K f Feb 1 '37.F&A 27K 3.75% 1 18K £ 16 f / 25 K > 16H 50 K 7Ks 1946. A&O Extl sec 7s 1948.—. —J&D Oeara (Brazil) 8s 1947—.J&D Cent Agricul Bank (Germany) Farm loan 7s 1950—M&S15 Farm loan 6s 1960—J&J15 Farm loan 6s 1960-.A&O151 Ser A int ctfe 1938-A&015 / Central Bank of Germany—• 6s A 1952.———.F&A 17K 16 K 7 35 ig 32 .. 23 % 82 60 106 105 174 15 v 74 74 73 73 74~ 4.00% 99K 3.90% 99. 42 : 41 6% assented t Callable at 101. 20 20 11% 19 27 K 41 99 97 A&O J$f-1945-- r J&J „Sf 7KBf61 ser B ($ bds)M&N / Hungary T 18 17 16" Hukuang Rys 5s£—J&D 15/ Coup No 39 due Dec 151930 / 50K 130 Coup No 38 due June 15 'OA 30/ M&S Cologne Germ'y 6Ks'50._ Colombia Rep 6s 1961— J&J/ ---. A&Opr k Last sale. 77" 55 »Nominal. 100 25 23 21 21 19K 108K 22 "22" (Kingdom)— g 7 Ks 1944.. F&A Sink fund Irish Free State 5s 1960.M&N Italy (Kingd) extl 7s '51. J&D Italian consol 3Ks%.._... Ital Cred Consortium for Pub wks ext 7b A'37 M&S ^ li^ 1-. 793 683 Pub wks ext 7s B'47 M&S Pub UtU Credit s f 7s'52J&J Japanese Government— Sf 6Ks 1954 983 ...F&A . 82 78 78 Orient Dev Co 6Kb'58M&N Jugoslavia—See Mtge Bank of fficSMl'1M7FfcA / 6K8 1958---M&S 1/ 16 K Certificates of deposit.. 92 K Lower 22 Luneborg (City) 7fl Extl 8 24 f Brazil— M&N / 104K . Ext a f ^ ceo-i 6K® 1954.......... Mendoza (Prov) Arj^Ttina^" 7Kb extl s f 1951.....J&D Stamped............... 50 21K 30K 99 26K AiistJProv)7^s^^J&D Chinese Government— Flat price, 6s 1953. _ 20K 6% notes 1931—......J&D 6s stamped 1931—.—.. 5 Basis. 13K 32K s f 5K8 1965—M&N Oriental Dev Co 6s'53.M&S ....—— — jS 31K Extl Chili Mtge Bk 6Ks *57 J&D31 S f gu 6Ks Jne 30*61-J&D31 S f gu 6s 1961—..—.A&O 6s 1962—.—......M&N 6s Oct 1961 6K ■ 8 / 21 Extl 8 Sept 1946. .J&J / 21K Hungarian Land Mtg Instit'n Mtg 7Ks 1961 ser A..M&N / 7%'assented..^.....—. Extl s f 6s I960......A&O Extl s f 6s Feb 1961—-F&A Extls f 6s Sept. 1961—M&S Extl Ry ref 6s 1961—-J&J Extl s f6s 1962 — .....M&S Extl s f 6s 1963——M&N j. 20 28K 25 K Dec 1934 stpd 6s, 1st series 1957—_F&A / 20 20 5Mb 2nd series 1949—F&A 98 Havana—1st 6s 1939—Q-J 2d 6s..—. 96 .....Q-J Heidelberg (Germ) 7Ks'50J&J / 16K J Helsingfors (City) Finland— Extl s f 6Kb I960..—A&O 105 essen. See Munich Bank Hungarian Cons Munic Loan (Rep) ext 7s 1942.M&NJ^ _ 21 21K . 29 . 106 108 coui>8 AprU 15r35 to Oct. 15'36. Young coupons Dec 1*34 stp June 1 *35 to Dec. 1 *36— 12K German Prov & Oomm Bks 25 (Con Agr Loan)6Ks'58 J&D Graz(Mun)Austria 8s'54M&N f 93 w f / 6s series B 1951—..A&O Chilean Cons Municipal LoanExtl s f 7s 1960 ser A—M&S Chill ¥* "£-: 20H Hamburg (State of) Germany Gold 6s 1946—.—A&O, Hanover (City) Germany 7s'39 / Hanover (Prov) Germany— . 3.90 4.00 4.10 4.20% 127K ... Gt Brit & Ireland—See British Greek Govt sf 7s 1964..M&N Sink fund 6s 1968 F&A Guatemala 8s 1948 M&N Haiti (Rep) 6s extl 1952.A&0 M&N I&N J&J f 8s '54-J&J to 3.70 % 25 23 - f 7Ks 1946.J&J J&J 99K ^ . Carlsbad (City) s Oauca Val (Dept of) Colombia 21 18 27 Scrip........—........... 103 103 Sec s f 7s 1967.—— J&J Stabil loan 7 Ks 1968.M&N I&N 108 108 108 74 99 106K iH — 7s 1935—M&S _ 26 21 21 35 25 — — Bulgaria (Ki_^ 102 108 - 7s unstamped 1949— * Default coups July-Dec *33Jan to June 1934— July'34 to Dec 1934 Jan to June 1935-.—... July to Dec 1935.. .... — to 3.75 5Kb unstamped 1965- ^ German Extl 7s '49 stampA&O / Exten 6Ks 1955 ser B.J&J Extl s f 6s 1960 ser C2. A&O Extl s f 6s 1960 ser C3.A&0 Readjust 4 K-4 Ks '77.M&S Ref s f 4K-4Ks 76—F&A Extl re-adj4K-4Ks *76A&O Ext re^idi 4 K-4 Ks'75M&N Extl s f 4s $ bonds 1984.J&J to 3.50 Cons munic 6s 1947—J&~ ' 20 fIf 2 German Govt Internet— 5Ks loan of 1965—J&D 7s stamped 1952.—....... to 3.00 120 K *vO| ... 7Ks stamped 1947 6Ks stamped 1961. Scrip 22 K 123 K Buenos Aires (Prov)6s*61 M&S 6s stamped 1961——— 4.00 103 101 75 K 75K 73 K 75 122" "72* ———.... s 62K 105K 100 K 100K ' Estonia (Rep of) 7s, 1967 J&J Finland (Repub) 6s '45.M&S Frankfurt-on-Main (Germ)— Scrip Issue of 1933..—.—. Scrip Issue of 1934........ • ' Certificates of deposit „ Brit Hungarian Bk 7Ks 1962. 1I6 to 3.75 ' Duesseidorf 7s to 1945 Duisburg 7s to 1945—— El Salvador (Rep)—8sA'48 J& J __4s fund 1990 opt 1960.M&N 5Ks ■ 100 ser 5Ks,1940-....A&O Dortmund Munic 6s 1948. Dresden (Ger) ext 7s '45 M&N S f 5s 1958——....F&A 20-year s f 6s 1950——J&D 102 lOlK 103 6 2.00 6 4.10 100K ^2nd 6s 1940. Brisbane (City) Australia—-' 30-yr s f 5s of 1957—M&S 100 f" 80"~ * 105 K .... 1900...._........... BremenTState) 38 108 to 101 Dominican Rep 5Ks '42.M&S 2d Series 1942— SKs Cust Adm 1940—A&O Bud'pe8t(Oity)6sJ*n'35coup'62 4.00 101 6 2.50 > 4.30 101 . Marlon Co Road 6s 1952.—. 117 i 102K Funding 5s 1931-1951 Funding scrip...— ' _ lOlK 100 106] 106] Bank of —.... 4s of 1910 4s of 1889 ' 17K 105 105 Denmark ext 6s 1942..—J&J Ext 1 5Ks 1955-.—F&A Trust rets 4Ks 1962 A&O 15 Denmark Mtge Bk—See Mtge (1926) *57.A&O Extlsf6K8 (1927) '57-A&0 to 2.90 47 99 / 16K Extl sf 6Ks 1959—M&N ^Extls f6Ks 1952—J&J Extls f 7s 1969.. .M&S 6s 1940—..—....A&O Brazil 8% ex 1941——J&D 7s Cent Ry elec 1952—J&D Extlsf 6Ks to 2.25 "60K 100 _ Extls f6Ks 1947—A&O 4s of Districts No. 4 6s 1937-55— Columbia Co Road 5s 1947- 101K 60K 5K8 1955-.——.M&N 5s 1953.—.......F&A Danzig Port & Wat Waya Bd x02K x02K 4Kb of 1888 FLORIDA Brevard County School Tax 35 103 97 100 103 .... to 2.85 to Ry 7^8 1949 5si944opV 1911—M&S Czechoslovak Republic— Ext s f 8s 1951 ser A..A&O Ext s f 8s 1952 ser B..A&O Danish Cons Municipal Loan 101K Bogota (Oitv) extl 8s '45-A&0 6Ks 1937-1944.... ...J&J 27 K Series 5Ks 1936—.J&J Serial SKs 1937——J&J Cundinamarca Dep (Colombia) ^ 10%% „ :... < 36 27 / 23 / 32 5KpPubWksJune30'45J&D 101 xOl Ext 6s of '23 1957 A..M&S 1st g 6s 1958 ser B J&D Sink fUnd gold 6s 1959. J&D Extl s f 6s Oct 1959..A&O Extl s f 6s I960..——M&N Extl sf 6s I960...——A&O Ext sf 6s(State Ry)'60 M&S Extl 6s sanit wks 1961-F&A Extl 6s pub wks 1961-M&N Extl 5 Ks pub wks *62 .F&A Extl s f conv 4Kb '71-MSfcN Australia (Commonwealth)Extl 5b July 15 1955-J&J15 Extl 5s 1957—.....M&S Extl 4Kb 1956—. ..M&N „ 9§1 60 Extl g 4Kb '49 opt—F&A Extl g 5s 1949— F&A Extl s f 5Ks '53 J&J 15 . 2Mb April 1 1938-1947——.. 102K 2Mb April 1 1948-1957— 102 K 2Mb April 1 1958-1966... Kent Co O Kb 1945-1950.M&S 6 2 to 2.70 % New Castle Co— 29 24 68 M&N f 33 ^1949^ Cuban ........... to Ask 98) M&N 6s 1951 ^ Antwerp (City) extl 5s '58 J&D Argentine Repub— :70 g 4Kb 1953 21 i\* 7s stamped 1957 .F&A 7b stamped 1937 M&N Ckwta Rica (Republic)— Extl sec s f 7s 1951— Nov 11936 coupon on.— .M&N Extls f 7s 1957 3d ser.A&O 8s 1946... to 2.10 to . 98 to Austrian Govt 7s 1957—-J&J to Baden extl s f 7s 1951.... J&J Tater 1937-1951 M&N to Bank of Colombia 7s *47. A&O 5s Water 1952-1971-M&N15 7s 1948.—...... A&O West Hartf'd 4Mb 1943.. J&D 4Ks Mar 15 1937-48-M&S 6 0.50 to 2~20 Barrauquilla 8s 1935-40-46-48 W HavUSD*4 Ks'37-'56 M&N 6 0.50 to 2.60 Bavaria (Ger'y) 6Ks '45.F&A Ba varian Palatinate 7s 1945— Westport 4Mb July 1 1937-60 6 0.50 to 2.50 Weston (T14Ks '37-'45.M&N 6 0.50 to $.25 Belg Govt extl 6Ks 1949 M&S Windam (Township)— External s f 6s 1955—.J&J 0.75 4s 1937————.—J&J Extls f 7s 1955——i.. J&D 4s 1938-1942 J&J 6 1.00 to 2.00 Bergen, Nor Ex.sf 5s '60M&S Berlin 6Ks 1950....—A&O 4s 1942-1952. .—J&J 6 2.15 to 2.75 6s June 151958—.: ..J&D Sussex Co 5s 1937-1970... J&J 4MB 1937-1953—. -A&O %tl _ Extl s f 7s ser B 1945..J&J Extl s f 7s ser 01945 J&J Extl s f 7s ser D 1945..J&J Extl s f 7s 1957 1st ser.A&O Extl s f 7s 1957 2d ser.A&O 0.50 to 2.50 0.50 0.50 0.50 2.00 2.50 0.50 0.50 6 2.75 Bid Colombia Mtge Bk— 20-yr sf 6Ks 1947—A&O Sink fd 7s(of 1926) '46 M&N Sink fd 7s (of 1927) '47 F&A Copenhagen 5s June 1 *52 J&D Antioquia Col (Dept of)— Extl 8 f 7s ser A1945. ..J&J to 2.40 to 2.10 •4Kb Sch 1937-1965..-M&N to 2.10 4Ks High Sch 1937-'59 J&D Torrington— •5Kb Fund 1937-'41—J&J 6 0.60 to 1.90 4Ks July 1 1939-.——J&J WaUingford (Town) 4Mb 1938. 1943,1948, 1953.J&J 6 0.75 to 2.60 4s 1936-46—— J&D 6 0.50 to 2.15 . Waterbury— 4s Water 1937-1965——J&J 4Kb City Hall '37-63—J&J Bonds Ask 6s (Apr *35 coupon on) A&O 7s (Apr '35 coupon on).1946 7s (Jan *35 coupon on).1947 Akershus (Dept of) Norway. Anhalt 7b to 1946. • Stanford Bid Bonds Net FOREIGN GOVERNMENTS 1.00 AND CITIES 1.80 Agricul Mtge Bk (Colombia) 68 2.25 (Feb '35 coupon on) F&A New London— ♦4Kb Imp 1938 M&S 4Kb Park July 1942--Jte J 4Kb Water 1950 F&A 5s Dec 1 1937 J&D Nor walk (C) 4s 1954-1964... 25 lh 92K JAN., 1937] 93 BONDS AND MUNICIPAL STATE . Quotations for all securities are as near as possible for the closing day of the month preceding the ^ Ask on) ____M&N / coupon „ 7K 5f 91 Stamped assented Mexico (U Sof)Ext'15sof 1899 4s of 1904 Extl 4s of 1910 (£20 pieces) Extl 7s 1962 ser 5« Extl Silesian Landowners Assn— 10« £100 and £200 pieces (Bank of the) 1st 6s '47 F&A Styria (Provof) 7s 1946..F&A Sydney (City) N S W— 25-yr s f 5 Kb 1955 F&A Tokyo (City of) 5s of 1912—■ Red ann s f beg '17-52M&S Extl sfSKs 1961 A&O Tolima (Dept of) 7s '47-M&N Trondhjem (City), Norway— Extl s f 5 Kb 1957 M&N Tucuman (City)Argentine Rep Secured 7s 1951 J&D Tucuman (Prov) 7s '50..A&O tUnion of Soviet Soc Republics '52.A&0 70 MInas Geraes (State) Brazil Extl 6 Kb 1958 M&S 26 Milan (Italy) ext 6Ks 27 Extl 6Kb 1959 ser A..M&S Montevideo (City) 7s '52-J&D Extl s f 6s 1959 ser A.M&N 67 Mtge Bank of Denmark— :V' Exch 100 f 5s 1972 ser IX J&D s J&D / 51K f 7s 1958 s 101 Mtge Bank of Jugoslavia— Secured s f 7s 1957 A&O / 27 K 5s funding 1956 / 42 * Second 5s 1956 Nov '32-May '35 coupons.. Nov '35-Nov '36 coupons.. Munich Bank— : , 36 . 43 K 39 / 50-60 33 K 92 104 K 105K _ A;» 69 72 Extl 100 / 98 t 70 F&A / 21K (Australia)- —-F&A Extl s f 5s 1958 A&O Met Wat Serv & Dr Board S f 5Ks 1950 A&O Norway ext 6s 1943 F&A 104K 104K 106 K 106K 107K Warsaw (City) 7s 1958.-F&A Warsaw (Land M Bk) 8s 1941 F&A 106 K 109 70 69 K Westphalia (Prov Bk) 6s 1933 / 19K 35-yr extl s f 5s '63 M&S 101K 20-yr 4Ks ext s f 1956.M&S 1021 29-3rr 4K8 ext s f 1965.A&0 100, Norway Municipalities Bank Guar s f 5s 1970 J&D 102 K Nuremburg extl 6s 1952.F&A f, 18K Oldenburg (Free State) 7s 1945 / — Oriental Devel—See Jap Govt Oslo s f extl 4Ks 1955—A&O 101 1945 Hessen 7s to Extl , f 6s 1944 s Stamped scripPanama 104K mi&£!*£& *ss*. 103 101K 85 . Poland (Rep of) 6s 1940.A&O Stab'n 1 s f 7s 1947.A&0 15 Extl s f 8s 1950 J&J ■f II* 52 93 93 25K 25 25 1* 7dH Porto Alegre (City) Brazil— Sinking fund 8s 1961—J&D / 27 25 23 Prague (Greater) City—„ 7Ks loan of 1932-52. _M&N Prussia 6 Kb 1951—M&S 15 , 94 & 24 IV* 20 A&O 6s 1952. Queensland (State) 7s '41 A&O 113 Ext g 6s Feb 15 1947 F&A15 Bio de Janeiro 8s 1946—A&O / 27K Extl s f 6 Kb 1953 F&A fr w* 30 6Ks 1959 ...——-— 113 114 Do Sul (State) f 8s 1946.-A&O 7s extl s f 1966 M&N/ Extl s f 7s 1967 J&D r Extl s f 6s 1968 J&D Borne extl s f 6Ks 1952.. A&O s Rotterdam(C)ext 6s '64.M&N Rumania (Monopolies) Institute 7s 1959 . F&A 1 Russian 6Kb June 18 1919.. Certificates of deposit— ^^OTtifi*'l0aDof 60 icates deposit Saarbrucken 1 18 — Germany (City) 1953—-—J&J /-... 20 (Mtge Bank) 6s 1947 35 Salvador 7s 1957 ...J&J 31 Certificates of deposit— 11K ■H-. 4s scrip ...... Extl s f 6s 65 8s 1948-.-— 8s ctfs of deposit 1948...— Santa 55 30 25 40 33 (Brazil)— F&A / 22K State of— 8% external loan 1936-J&J / 34 Extl 8s 1950 J&J /33K Extl 7s 1956 ...M&S / 28K Extl s f 6s of 1928,1968 J&J £ 25* f 23 6s 1943 - — 93 A&O Santa Fe (Prov) 7s 1942.M&S f 72 f 75 Stamped Santa Fe (City) Arg Rep extl 7s 1945 ...A&O / 72 4s 1945 stamped———A&O / 62 s f 7s 1940 / Scrip Santander (Dept) Extlsf 7n 1948 75 A&O / 15K Santiago (City )Ohile7s '49 J&J / 15K Extlsf 7s 1961 M&N / 15K Sao Paulo Brazil 8s 1952 M&N / 27 Extl s f 6 Kb 1957-M&N 15 / IV* 6s 1943 / 23 b 2.35 73 73 73 73 59 58 105 113 103 4Kb Cap Bldg 1937-1939-J&J 4 Ks Impt 1937-47 opt *30- 6 1.50 4 Ks Ref 1937-1939—A&O 4Kb ref 1940-45 A&O 4Kb Road 1937 opt '27.J&J to 3.00 % to 4.50 % to 2.25 % to 2,70 % iorSIhZl 1.50 to 1.75 % 1.50 1.75 1.50 106 108 100 Commissioners— 5s Nov 1. 1969 M&N 97 K 95 107 106 Apr 15,1961 A&015 .M&S — .. J&J 108 109 4s 105K 4s 105 4s 101K 103 K 103 4s 105 4s 1945-1958 103 104 99 101 102K 103 K 103 K 104 K 104K 120 K 111 2.00 to 1.25 to 1.60 to 2.35 to 2.35 2.35 to 3.00 6 0.50 to 3.25 to 2.85 5s Road 1937-1943—M&N Chicago— 4s 1937-1950 J&J 6 0.35 3 Ks Refunding opt 1940 103 due Jan 1 1951 J&J 3 Ks Ref 1953 opt *46—J&J 26 3Ks Ref 195(Topt *51—J&J 101K .J&J due Jan 1 1952 Chicago Park District— Refunding 3s 1939-1942 J&J Board of Education— Refunding 3s 1937-1947 J&J 3 Ks opt '46 due Jan 1 '56 4s opt 1946 due Sept 1 '55 3 Ks opt '46 due Sept 1 '55 3 Ks opt '46 due May I '56 4s 1937-1938 M&N 4s 1939-1950 M&N Chicago School District— 4S 1937 F&A 119 111K 112K 118K 115K 121 113 102 115 102 107 103 Chicago Sanitary District— 4Kb 1937-1939 M&N 4KB 1940 M&N Ref 4s ser A '55 opt '45 J&J Ref 4s ser B '55 opt '37-'54. Cook Co 4Ks '37-'40—A&O 4Kb For Pres '37-'43.J&J15 4Ks 1937-1943. J&D 102 Elgin Sanitary Dist— 105 102 108 108 117K 102 104 104K 104K 105 K 6 1.10 to 1.75 6 1.10 to 2.60 104 K 108K 104 K 104 K 105 109 105 105 _ 6 1.25 to 1.7o 6 2.00 to 2.95 100 I b 1.00 to b 2.50 2.00 6 1.00 to 3.00 6 1.00 to b 1.00 to, 2 6 1.00 to 2.75 2.50 75 4Kb June 1 1937-1948 Granite City 4 Ks 1937-4S J&D 0.75 1.25 to 3.00 Jackson Co 4Ks 1939-1944 Lake Co 5s Road *37-'49_F&A 113 2.50 to A/A'#,,'A;A' n to V-' - 5A""J to % % to to % 108 b, Wayne— -v.,':.,". .-A-i, -r .A&O 6 1 .A&O b 2 A&O b 2 '-AA- .•'AA' 'k" : A-VAV>-:'p'-AAvyA>./A ■ :t i- to 4.25 to 2 J&J J?00 » I A;A: A : ill 3.25 1937-1944.. A;' AA:-: r: ^ v -A ■ 3.15 M&S b 0.50 4Kb t Range of bid prices, t Quotations per 100 gold rouble bond equivalent to 77.4234 grams of pure gold. ' ;/-A-v-r A'AAi A AA" l^5Ar'A;AA.'v-, ^:-/:A:v, ;,A =•.. VA.A.A-A- : A IS" " r~,'- River Forest S D No 90 Nominal. AAAr . 3 25 3.25 0.75 1942 to 1946-i 1947 to 1957 • v.' i 3.30 % M&N 4Kb 1937 to 1941... k Last sale. ,. Evanston S D No 76— Fort Less 1 on bid side, -1' %,f! 3.15 % 6 0.50 Evansville 4s ref 1942 ♦ . less 1. *63.16 Elkhart 4 K8 WW '37 75 A&O b 2.00 'A-,:- ' ■ 100K * 5s 1937-1944 101K 101K 101K 113 107 0.75 1.90 to 3Ks Refunding opt 1945 ; in 112 113 1.80 to to Bloomington— 4Kb water 1937-1961.M&S 6 0.50 Champaign County— 112 4Kb 1944 M&S 4Kb Jan 15. *37-,47—J&J 15 4Kb Jan *15 ,48-'57.J&J 15 4KB 1937-'38 M&N 15 4Kb 1939-70 M&N 15 4s 1941—.. M&N 4s May 15,1937-43.M&N 15 4s May 15,1944-57.M&N 15 4s May 15,1958-68.M&N 15 Hydro Elec Pow Com— 4Kb Jan 1, 1970—J&J 2 Ottawa City 5s *37 '45—.J&J to to M&N 103 K 103 K M&N 4Kb 1937-1944 J&J 4Ks 1937 : J&J 4Kb 1937-1942 J&J 4Kb 1943-1960 J&J Quebec (Province)— 4Kb 1950 opt 1945...M&S2 4Kssf 1961 M&N Quebec City— 5s S F (non-call) I960.M&N Aug 1 Aug 1 Aug 1 Highway 1937*40—May 1 Highway 1941-43—.May 1 Highway 1945-54 M&S 1945-1956 .....M&N 104 101K 0.25 0.25 0.25 0.25 0.25 1.30 1.80 1.80 1.80 4Kb Serv Oomp 1937-43 Aug 1 4Kb Aug 1 1937-38 4Ks 1937-1943 4Kb 1937-1944 104K New Brunswick— call 1958.M&N 15 ILLINOIS 105 Harbor f % 200 2.00 % 2.40 % <: 95 93 ; s % A % % ■yHW:- ">aho > ,58 J&J %" -i. 99 99 98K non Swainsboro 6s 1937-50—A&O 6 4.25 125 Valdosta 5s 1937-1942 Jan Ware Co 5s Road 1937-49 J&J 61.25 98 Watkins S D 6s 1937-50.M&N 95 Woodbury 6s 1937-49.__J&D 73 > - Savannah—4Ks ref 1943. J&J 6 2.35 4Kb Drainage 1944 F&A 6 2.35 4Kb Refunding 1959..F&A 6 2.70 Spalding Co—5s '37-'49..J&J 6 1.50 73;/! 4Kb May 1, 1945 MVN 4Kb Dec 15.1956—J&D 15 Montreal 5s Dec 1, 1945. J&D 5s sf Nov 1,1956 M&N 4Kb May. 1954-1.-——4K8 Jan, 1944... J&J 4Kb 1937-1939 A&015 4Kb 1940-1951 A&O 15 4Kb June 1, 1971 J&D 4s May 1,1944 M&N 3Ks refdg May. 1939.M&N Metrop Co 4Ks '53/54&'61 4Kb May 1, 1965 M&N 4Kb '39-J&J 6 1.00 to 1.75 1.50 1.75 Marietta 5s W W 1939—_F&A ,25 to 2.50 Pulaski Co 5s 1937-18. 6 1.00 to 1.75 Rome 4s Mun bldg'37-'39 A&O - 100K 100K 100K 110 to 2 60 INDIANA price. : 0.50 %-A to 2.40 % to 2,40 % 2.10 % : to 2.25 % to 2.25 % to 1.50 % 2.25 % 4s Pav & Sew '37 to 74 74 74 -A&O 4Ks Jan 15, 1942...J&J 15 Deb 4Kb 1956 A&O 4Kb Jan 15.1957 J&J 4Kb July 16, 1958 J&J 4Ks Apr 1, 1961 .A&O 4Kb June 1, 1967 J&D Brit Col (Prov) 5s '48.-J&J 15 5s Apr 25, 1954 A&O 25 4Ks 1937-1946 J&D 29 4 Ks 1947-1956 .J&D 29 4Ks s f deb Jan 23 '69 J&J23 Calgary 5s July 1,1945 J&J Edmonton (C) 5s '45&'50A&0 5s s f 1955 & 1960 A&O Halifax N 8 4s July. 1945 6s Munic Imp '37-'50._J&J 5s July 1, 1937-1956..-J&J 24 103 K A&O 15 5s 1950 Gold 5s 1959. V* 24 17K 2.50 1.00 Clarke Co 5s 1937-1944—.J&J Columbus—5s 1937-44 J&J 61.00 Cordele 5s W W '37-38 __J&J 6 1.25 Bibb Co 4Ks 1948-49--M&N 6 2.50 ; 3.50 % A 2.25 % A 1.65 % b 1.80 104K 5s 1949 17 o 2.00 % 2.55 % b 4.00 114 5Ks 1946. 16 to 2.75 113K Ontario (Prov) 6s '43..M&S15 Colombia 0.60 mmm Macon— 30 85 99 K 97 H4K Deb 4Kb Sept 15'52 M&S15 Deb 4Kb 1960 M&N 15 64 K mmm 100 114K 103 K Nova Scotia (Prov)— Deb 5s I960. , 100 M&N 5Ks Vict Ln Dec '37..J&D 5s N Serv Nov 15, '41 .M&N Alberta (Prov of)— Gold 5 Kb 1947.—-J&J 65 85 mmm:':: 97 Crisp Co— Hydro-elec mr'37-'57.F&A tl02K Dougherty Co 5s '37-'48 M&S 6 1.25 24K 74 mmm mmm . „ 100 4Kb 94K mm mmm 92 100 K 4Ks 1955. M&S North Vancouver 5s '60.-J&J 75 Catharina 8s 1947 San Paulo (Brazil) Sec J.1K mm mmm 102 K M&S 5s Mar 1937 5s May 1952 Manitoba (Prov) 5s '44. J&D i 25 K mmm . 107 89 105 101 115 24 112K .J&J ■ mmm 96 94 114K 31K 73 4Kb 1937-1956... Augusta—4Kb Flood'42 M&N AAAAf/:/.: : ifSi/i 95 100 K 30K 25 K 25K Water 1937 5s Water 1938-51.. 'v.;' • 1 1 96 J&J b 1.00 1.00 J&J 1.00 5s 77 K • •1 1 96 • 110 4s Elec L & P 1941. A&O Lachine P Q 5s 1954—j^.J&D 24 K 96 94 94 94 93 92 J&J ^ J&D & load 5s 1949-53 Athens—4KsJune 30 1943— Atlanta—4Ks Jan 11940. J&J 22 • 1 100K Hamilton— 70 105 :U,. GEORGIA .. • 102 K 109K 10-year 2 Ks Aug 15 *45 F&A 25-yr 3 Ks 1961 opt *56.J&J 30-yr 4s Oct 1, I960—A&O 5s refdg Oct 15, '43 A&O 27" 26 22 K J&J pling County— 23 •■il •I !H1I :::::: J&J 4Kb 1942 and 1967—F&A , , 110 113 1937-1945 Albany—5s 1945 49 4 23 6s 1933 Bio Grande A&O —A&O A&O 4Kb ref 93 89 K 46 K / 45 6s 1936... --/ 19K Wurtemberg 7s to 1945.M&N / 21K Yokohama extl 6s 1961--J&D 75K 5s Jan, 1951—. " Brazil ext M&N J&D A&O A&O 3Ks July 1 1944-45 90 Dominion of Canada— 66 (National Bank) Bank— vA .■ A&O 81 CANADA 74 ....... Venetian Prov Mtge S f 7s 1952 ser A Vienna (C) extl 6s '52 (American Dollar Quotations) 85 6 Kb series CO & D7 '48-'49 87 6Ks series A & B 1946-47— Parana (State) Brazil 7s 1958 / 24 K Pernambuco (State of) Brazil Extl s f 7s 1947 M&S / ?3K o, Peru sec s f 7s 1959 M&S / 21 Nat Loan extl 6s 1960. J&D Jr. 19K 19 h Extl s f 6s 1961 A&O /iu 91.10 86.50 M&N / 68K M&N/ 68K f 6s 1960 Extlsf6s 1964 s "W0 88 ----- 111 117 102 105 Verdun deb 5s 1954 Winnipeg. Man 5s '44-..A&O 4Ks non-call 1944..-M&N 4KsJune 1 1946 J&D 4Kb June 15 1950—J&D15 4s Aug 1 1946 F&A15 99K 98 22 K New South Wales 5s extl s f 1957 a-Aft 102 101K J&J 5s 1940 & 1941 var 5s 1945 & 1946 var..—.... 5s 1950 & 1951 var.. 5s Jan 15 1970 J&J14 16K 90 89K 102 K HI Vancouver, B O 5Ks '39. A&O 5Ks 1952 F&A 72 F&A / 69 Uruguay 8s ext 1946 . x 71K / 15K Gold 7s 1943 / 34 — 94 91K 91K 86 J&D 1937-1939 1940-1949 5s 1950-1959 4Kb 1937 4Ks 1938-1939 4Ks 1940-1941 4Ks 1942-1945. 4Ks 1946-1961 4s £ July 1 1948 53 93 J&D 5s „ / 30 / 89K ' „ 90 90 88 K 88 J&J 5s !!% > M&N15 5s 1940-1950c...i. (King of) (Prov) Poland— Silesia 4s Nov 15 1957 Toronto 6s 1937-1940 M&N / 24 % B—M&N / 23 K Extl 8s 1962 '33 m _ Serbs Croats & Slov 5i £100 and £200 pieces Treas 6 % notes '23 ext to £20 pieces. IP 39 Ask Bid Bonds Saskatchewan (Province) 5s 1943 (non-call)..J&D15 5s 1959 (non-call) M&N 4 Kb July 2 1945 J& J2 4Ks 1955 4 Kb Mar 15 1960 M&S 32K 5 ' • Net 23 Sink fund Mexican Irrigation s f gtd 4Kb 1914 Mtge Institution J&D / 6Ks 1946...J&D / 6s 1947 / 23 K Serbian 5s 1956 / 42 Second series 5s 1956 36 Nov '32-May '35 coupons.. /50-60 Nov '35-Nov *36 coupons. / 34 Sink fund 7s 1945. South Wales 1943 Ask ' ' 1 ' To Net or Saxon State Foreign Govts, and Cities (Concl.) Metrop Water Serv—See New (May Bid Bonds Net ' V Yield Basis To or To ■ Bid Bonds of issue Yield Basis Yield Basis or date v. to 2 to 3 6 Basis. % % % /Fla* \.i /AA> A.- V ■M' ffm-l-t;' STATE 94 Quotations for -all securities are AND as near as MUNICIPAL Yield Basis I'. *75 State Highway— 4Mb series D & E 1944-55— 5s series F Mar 15,1945-485s series K July 1,1947-49- 2.25 to 6 2.50 to 3.00 % 6 1.00 2.75 to mmm m , - fj5 1.75 Vi'oo 3.25 to 1%25 2.50 1937^39—-A&O 4 Ms 1^7--J&D15 Logansp't 1.50 6 1.00 1.50 % 2.75 2 50 '43.M&N So Bend 4Ms W W 5 Ms 1941 M&S South Bend School City— 4 Impt Ha i 1939-1948-F&A 6 2.00 IOWA r 4 Ms 6 1942—M&N Davenport Indep Sch Dist—4 Ms 1939-1940—M&N 4 Ms 1940-1941—-—M&N Des Moines 5s 1937-57—J&I 1.50 2.75 6 1.50 0.50 to 1937-1942 J&D Cedar Rapids 4 Ms'49-'53M&N 6 2.50 Clinton Co 2 Ha to 1.25 1.40 to 3.00 to 1.50 to 1.40 61.00 to Des Moines Ind S D— t, 4Mb Sept 1 1945 M&S 4Ms 1944—j. ----4s Sept 1 1945 M&S Fort Dodge 5s Fund '39-A&O Lee Co Prim Road 2 Ms-1948 Lyon Co 2M« May 1 1938-47,,o I 5s Dec 1952 opt New Orleans— 4 Ha 1940-49 J&J 4Ms 1950-59-..J&J 4 Ms 1960-67 J&J 4 Ms 1937-1977——A&O 118M 119M 61.90 lesslM 115M 116M 61.23 less 1 6 2.10 6 0.75 1 to 2.00 6s City Hall 1937-39-M&N 6 0.50 to 1.25 Marshalltown Ind S 3SS 4 Ms Water 1937-42—A&O 6 1.00 4Mb Water 1943-44-A&O 61.85 Sac Co 2Mb May 11938-47... 6 0.75 4s to to July 1940-1949 J&J 5s July 1950-1959....-J&J 4 Ms 1937-1961.——A&O 4Ms Sept 1, 1937-'68-M&S KANSAS 4Mb Soldiers Oompen *37-52 6 0.50 to 2.15 2.15 4s Soldiers Oomp 1953--J&J 6 2.25 2.15 4s Soldiers Oomp 1954—J&J 6 2.25 6 150 1.25 Crawford Co 4Mb 1939 op *31 J&J 6 1 50 Board or F&A 6 0 40 to 1937-1953--—J&J 6 0 40 Sch Dist 4Mb 1937- 54J&J 6 040 Leavenworth— 4Mb Water 1937-1947-J&J 6 1.00 6 2.75 Leavenworth Co 5s 1945 6 2.75 McPherson 4 Ms 1945 6 2.25 Reno Co 5s 194162.70 Saline Co 4 Ms 1945 6 2.00 Sedgwick Co 4Mb 1940 6 2.40 Shawnee Co 4Mb 1944 6 2 65 Topeka 4Mb 1948 Topeka S D 4Mb Mar 1 *37-46 Wichita 4Mb 1937-46—J&D *> " - . . to 2.00 to 2 00 to 2 40 4 Ms 3.40 6 3.40 6 3*40 6 3.40 340 92 _ . . 95 92 6 2 85 6 0.70 6 2 20 6 2.60 6 2.65 6 2.70 6 1.60 1.35 3 85 3.80 5s registered 1946 6 2.50 6 1.00 4s Mar Pittsfield— ! i • 4s 1937 tax-ex 101M 101M 4s 1937-1944—.——A&O 4s 1956-1965..— M&S to 2.25 % 4s 1972-1975.— 1M on bid side. M&S * Less 2 on bid side. ' . - : 6 0.75 to 2.80 % Sewer i: to 2.20 to 3.10 to to I 2 .15 3.00 to 2.25 1*00' to (tax to M&N 6 0 50 * j, to 1.90 i, 0.75 to 1.30 /o to 2.40 % to to 2.50 % 0.50 (to 2.00 to 2.20 to 2.60 % m4a Mar 1 1937-1946.. .M&S 6 0 50 Winchester 4s 1939-1943 A&O 6 l 00 Worcester l_Ms Apr 1 '37-*46- 6 0.^5 to 2 00 % to 1.50 %. ttt4s 1937-44 (tax-ex). ..F&A to 2.00 to 2.25 3.50 to 3.25 % 2.80 % See 2,50 % 6 to 2.70 to 1.50 - 1.75 % 1.00 % 1.00 % 2.25 % Highway 1941... —J&D % 1.65 1.65 1.65 6 2.10 1940——J&D 6 2.10 4M8 Highway 1943._...F&A 6 2.20 4 Ms Highway Impt 1944 A&O 6 2.20 4s Highway Impt 1942-A&O 6 2.20 Ann Arbor— „ I .. 6 2.10 5 Ms % 93 6 2.10 2.00 % 3.25 * - 2.00 % k Waltham 3Ms 1937-45..F&A 6 0.50 4s 1937-1960. F&A 6 0.50 Warren Water District— 4Mb 1937-1953.. F&A 6 0.50 Wellesley (Town) 2.00 to 2.75 to 0.75 v 1937-1941 - 2.20 ; • to •I J&J 15 6 0.50 Quincy 3 Ms 1337 to '39. A&O 6 0.50 Salem 4s Jan-1 *37-54 tax-ex. 6 0.50 Somervillo—* ^ 4s July 1 1948-50 J&J 6 2.30 1 50 to fxi 3.40» 1.50 1.80 1.90 1.80 I W W ref 4 Ms 1937-1948 J&J Battle Creek— 2.20 % 3.00 % to 3.00 % to 3.00 % 4Ms to Sewer 1937-40-M&N 6 3.00 1937... D 4 937-1949 Bay City— w w F&A 2.25 % *mmummm F&A 1937-1951— M&S • 6 — 2.50 mmm. ; ~ 2.003.50 2.00 % to 1.25 % to 1.25 to 1.25 ; 4Mb Sewer *46-'51-'56.A&O Detroit— General 3 Mb 4Ms—— IIIIIIIIIII 4Ms.................. — I50 5s 2.40 % 4Ms to 2 40 % 2.30 2.85 2.50 to 2.85 ^85 2.40 2.50 2.50 2.50 2.50 _ 102 101M 101M 102 M 102 M 3.65 2.60 2.65 6 3.50 non-callable.. Water 4s to 101 100 M to 2.00 to 2.00 —— 99 M :n 4 Ms 6 3.00 6 3.00 6 3.10 to 1.00 to 3 Ms Oct 1 1951-1961 6 3.00 3 Ms Oct 1 1937-1950 6 3 IN) 3 Ms Oct 1 1948-1950— 6 3.00 4s July ! 1937-1947 6 1.00 Street railway 4Ms—6 2,75 2.80 % 2 6» % 2.70 % to 2 75 to 3.50 6*0.25" Refunding 3 Ms f57-'62 J&D Refunding 4s '37-'56.-J&D General & Street Railway— 6 2 75 6 0.75 to 3.40 6 0.70 to 3.25 % 3 Ms Oct 1937-59 General 3s Oct 1 1959-62 Water 2Mb Oct 1 1937-62.. 6 0.60 Refunding 2 Ms 1951-63 J&J 6 Par to 2.70 Refunding 3 Ms 1938-50 J&J 6 0.50 to 2.85 2.50 to 2.2o ho 2 70 l 2.70 % Refunding Water series D— 270 M&S 6 2.00 100M 100M Less 2.40 i exempt) to 2.00 4s Regis'd stk 1946-57 M&N * 4s to 0.50 1955——M&N 1, 1961——M&S 1945-1971 • 1.50 J&D 101 ■ - 6 0.50 4a Aug 1, 1961 -F&A 4s School 1937-1939—M&N 6 0 40 4s to 1 4 Ms 1937-'43 (tax-ex)-A&O 6 0.50 to 1.40 —M&S 100 M 1938 6 2.50 price. 4s 1 u to Parks 1 less less M less 1 less M 1.75 2.20 % 1.75 % 6 1.50 to 2.50 6 0.50 to 1.80 Maiden 4s *37-!44 (tax-ex) F&A Medford— 6 to 1.75 % *J3Ms 1937-1942 tax-ex.M&N 0 50 Milton 4s 1937 (tax-ex)—F&A 6 0.75 0.50 % to to 11 to to Dearborn— '37-'40J&D15 " v.'.; 2.50 6 1.00 . 3.40 to 2.50 Battle Creek S D— J&D15 6 0.50 —J&J 6 0.50 3s ctfs of indebt '38-*50— A&O 6 0.75 2Ms ctfs of indebt, 1939-1951 *————A&f 6090 Annapolis 4 Ms W W '42-A&O Baltimore— '■?■* • 5s 1937-1946 —M&S 6 0.50 5s 1937-1961— A&O 6 0.50 58 Gen Imp 1943-45 M&S 5s Water 1961.—--.—A&O 2.60 -.v (tax-exempt) M&N ii<r4?J-949~$XJt**~ex) - --M&N MARYLAND 4 Ms Rd & Bdge 4Ms 1937-1942 4 Ms 1937-1942 4s Annex 1954 Sept 301938 opt *33 5s ser H Sept 301940 opt *33 5s ser I Oct 151937 opt *33. 0.50 4Ms Mar 1, I937-'55-M&S 6 0.50 4 Ms Mar 1. 1955 M&S 4s Aug 1, 1951 F&A H / Flat 6 2.60* 2.60 325 % to 3.25 % ' to 3.25 % to , Lynn—v ;■ 4s " 37-'3 9 5Ms 2 55 4Mb series E May 1 1942— 6 2.00 h Basis 6 0 50 1937-1950--. —M&N 60.75 Waterville 4Ms 1940-50 Westbrook 4Mb 1937-48 2.80 2.50 2.65 2.65 2.75 0.40 2.00 2.50 Highway— state Pension 5s Dec 31 lv00 3.00 1.75 1937-'50 (tax-ex) F&A 6 0 50 4Ms-1937-41 (tax-ex)- J&J 6 0 50 Lowell 4 Ms 1937 (tax-ex) F&A New Bedford-— ; to F&A 4 Ms South Portland Sewer Dist— 4s 5s series A, B & 0,1940-1943 6 2.25 5s series A Mar 1 1943 6 2.50 i 6 6 0.75 6 0.50 . . - 5s series F Mar 15 1943 5s series F Mar 15 1938 Holyoke— 2.50 2 25 1.00 to 3.30 3.30 Brockton—■. -4Ms 1938-1941 M&S 6 1.40 4s 1937-55 (tax-ex)...M&N 6 1.00 Franklin (Town)— 4Mb 1937-44... M&N 6 0 50 109 Funding 1938-..—J&D 61.50 4s Funding 1948——J&D 6 2 40 Saco 4s April 1939 A&O 6 2.30 . ser J&J 4sp H '37-'45 tax ex.-A&O Portland Bridge Dist (taxable) .3 Ms July 1937 to 1939.M&S Portland Water District— LOUISIANA short Tenr Bonds— 5s July 1937-1939. - 6 0.50 6 0.50 6 0.40 _. > 2.50 1.75 4Mb w w 1937-1970--A&O 6 4.00 Warren Co—4 Ms *37-'59.J&J 6 4.00 tate . July 1952-1958—J&J Portland— < 100 .. I .9(1 .40 6 0 50 Chelsea 4s 1958........M&S Everett 4s 1941-1956J&J 6 2,00 Fall River—. . 4Mb 1937.... M&S 6 1.10 110 110 to 1.6Q IL',45 (reg).M&N 108 4s 3Mb Ref 1943. J&J 6 1.75 3s Sew & Park 1941--.J&J 6 1.55 Owens boro—5s Sewer—J&D 6 3.60 Paducah— 4s 3.70 % 6 2.6j J&D 6 2.75 —F&J 6 2 75 Ref 1965 1970 Js Sewer 1969..—.J&A Ref. July 1 1937—J&J Sewer 1947. .—F&A Lou W Co 1959.F&A Sewer 1965 F&A 4s Jan 1 1970 J&J 4s 95 63.90 _ _ 3.25 3.25 3 25 6 3.40 6 J&J 6 0.50 6 0.75 Sept 1 1937-40 6 0 75 Bath 4s Ref 1941 tax-ex. J&D 6 2.50 Belfast 4Ms Ref '37-'50 M&N 63 60 Brewer High Sch Dist— 4 Ms 1937-1945.M&N 6 1.00 Kennebec Water District— 4s Ref May 1, 1950—M&N 6 3.10 Kittery Water District— 5s Jan 1937 to 1938 J&J 6 2.00 Old Town Water District— 3.25 3.25 3 25 .— MAINE Is Wat 15 1937-1955— Srct Wks 4s 3.75 3.75 3.50 3Ms June 11943—..-J&D 3 Ms June 11944 J&D 3Ms July 1 1945-.—.J&J 2Ms Aug 1 1937 to *55 2Mb Sept 1 1937-1956-M&S 2Ms 1937-1955. ..J&D Metropolitan District-2Ms Dec 151937-1960— Braintree—4s 1937-1941—J&J 6 0.50 Cambridge— » 4sOctl 1946-1949.... A&O 6 2.20 3.60 to to ----- -4s 1937-1947 tax-ex—A&O Augusta— 103 104 ; 103 M 6 3 8a 6 3 85 6 3.75 1937 (tax-ex)—A&O ——J&J 6 0 50 1948.J&D —- 1937-1939(tax-ex-) ,48 Sub 1957 tax-ex A&O 4s Sub 1958 tax-ex——J&J 4s Tun & Sub'59 tax-ex. J&J 3 Ms 1937-1951 -M&S 105M to 3.50 3.25 3.50 0.75 — 4s Tunnel & Sub less 2 to 1.80 % -.j.-a-v.,' Needham— 4s 1937-1940 tax-ex , Hospital 1951—M&S [s Jan 1 . 3 Ms 1938-1939. M&S 6 1.10 3 Ms 1940-1951 —M&S 6 1.75 2s Improve'mt 1937-56 A&O 6 0.25 Auburn— 102M 103M o 4s Apr ,/4s 2.50 to 3.50 2.00 to 2.25 1.50 to 3.30 1.50 to 3.25 107 J&J 1.75 to 4M? Dec 1976——J&D 107M 4s StatePier 1937-1942—M&S 6-0 50 3 Ms 1937— ——.M&S 6 0 25 103 Livingston County— 6 Ms R&B Fdg Marl *49 A&O 90 Louisville—5s Sch 1962..A&0 6 2.90 4 Ms 1957. ' to 4s 1937-1945 (tax ex).M&N 6 0 30 4Ms Sept l 1981.—...M&S 4Ms Tun 1960 tax-ex—A&O }07M 5s J'way & Bdge '37-'54-A&0 6 0.50 4b Sept 1, 1937-1953 M&S b 0 50 4s Highw & Bdge '37-'39 M&N t 0 25 4s Highw & Bdge '40-44 M&N 6 1.25 to2.60 1.00 2.60 Jan ■V 2.50 F&A 6 2.70 J&D 6 2.25 5s SD 1938 > 5s i to 1.00 ... Boston— 107 M — Bridge Revenue Refunding— Project No 1 July 1 *50 J&J Project No 2 July 1 *50 J&J Project No 3 July 1 *50 J&J Project No 9 July 1955 J&J Project No 8 July 1 1945— Project No 10 July 1 *50 J&J Ashland—5s 1937.—...M&S 4 Ms SI *42. *47 & '52M&S Bowling Green—5s 1955.J&J Covington— WW Jan 15'37-*61 J&J15 4 Ms Fdg 1937-48 .F&A 4 Ms 1937-1950. A&O 4MB WW 1937-51— J&J 4s Fdg 1952 opt *42..F&A 4Ms School Jan I 1937-69. Crittenden County— -5Ms Fdg Feb 1 '39-49.F&A Henderson County— -4Mb R&R Oct 1 '37-56 A&O Hickman County— Road & Bdge 5s July l'37-*56 Lexington—4s 1945 > 4Mb May 2.1937-67-M&N2 Tensas Basin Levee District— 2.25 2.50 1.00 _ i 5s Dec 1, 1937-1969—J&D 5s Wat Wks Riv '37-!40M&S 4 Ms W W & Sew *37-54J&J 1 KENTUCKY ■ ^ Shreveport— 2.55 2.50 *2.00 2 50 175 —— . 108M 106 —F&A 1.60 1.9(1 i.i ty 1.40 tol 15 % — —. 105 106 106 opt 1943-M&S 5s 1965 Series D to 2.50 1.00 Wyandotte County— ; 4Ms Bridge *37 to *41-F&A 4Mb 1937-1939— J&J 4MB 1940-1945...... J&J fa Mar 1953 2.30 to 2.40 6 1.00 108M Red River A & B B District— 5s 1950 Series B... .A&O to 2.40 4Ms 108 M&N 5s July 1968——J&J Education— 4MB 1937-1953 i 6sl944. 3.25 3.50 lMs Pub Wks..Septl 5'37-'40 6 0.20 Is Pub Wks Feb 151937-41 6 0.30 Arlington 4s'37-'42(tax ex)J&J 6 0 30 Beverley— ^ Pentchartrain District— _ —J&J 107M to 3.15 3.00 „— 3Ms gold July 1944-—.M&S 3.40 to 3.30 1945-1967-—.....J&D 6*3.70 Plaquemine Parish E Bank— 5s Oct 1952..—......A&O 106 1.20 1.70 1.80 1.05 2.20 1,40 .F&A 6 1.80 4Mb Wat & Light 1944-J&J 6 1.90 4 Ms Wat Plant Pur *39-J&J 61.15 4Ms Imp July 18 49—J&J 6 2.25 4Mb 1939..— Kansas City 5s 1942 — .Ssferidge 194U 5s 1.25 6 104 M Orleans Parish Sch Board— 5s 1937-1944.—. J&D b Hutchinson— '61 104 107 6 3.80 — 3s gold July 1 1939 .J&J 3s gold Water Jan 1 1941.J&J PubUc Impt 1950 opt 19421 (old issue). ...J&J 5s to to ... rnrnm-mm* 107M 108 M 4s Pub Impt'42 104 opt '28 J&J 103 4Mb serial 1937-1940...— b 2.00 to 2.50 4Mb serial 1940-1980...... b 3.00 to 3.50 Orleans Levee District— 101M to 99 6 2.50 to 3.50 % Orleans District—* 5s July 1937-1939.—J&J 102 103 1.70 2% to 2.00 Sioux City 6s '37-*45—F-A15 0 1.00 to 2.50 115 116M 6s Ref Aug 151940-F&A15 4Mb Sewer 1937-47--M&N 6 1.00 to 2.40 2 Ms 1938-1956 —J&J 6 0.75 to 2.25 less 1 Sioux City S D 5s 1941-J&J 6 1.50 Woodb'y Co Fund 2Ma*42-,46 6 1.40 to 2% 4Mb Pub Bldg Floating debt 1948-A&O to 3.40 Washington Sub San Dist— 4Ms Sewer g 1973J&J 6 3.75 5s 1969—— b 3.90 2.50 to 2.75 4s Constitutional 1942.J&J D—__ ,. 3.00 to 3.30 3 50 3.40 3.60 3.50 3.60 3.50 98 99 104 104 H 4s Marshalltown— • 105M 105M - 2.00 Hagerstown— 5s Water 1938-1987—A&O 6 1.00 4Mb 1937-1987—--A&O 6 1.00 Montgomery Co— 4Ms 1939-1968„._^.M&N 6 2.50 § Ms Water 1942 106 5s Pub Belt RR *39-*49-J&J 5s Pub Belt 1950-59J&D 4Mb 1937-39—?—J&J 2.60 2.70 to 2.25 4s Water registd 1937-58-J&J 6 0.25 to2.40 3Ms 1956 ref <tax-exem)_J&J ——— .30 3 Ms 1937 reg 0.60(tax-exem)_J&J — 1093 109 M 104 1942—J&D 3Ms Refunding 1952... J&J 6 2.70 3M8 Sewage Impt '80-A&O 6 2.80 4Mb W W *41-A&O 6 2.60 MASSACHUSETTS "" 4s 1937-52 (tax-exempt)--Var 6 0.25 100" 108 r . 106 106 109 109 109 109 109 108 5s Jan 1937 opt 1928—J&J 5s 1956-1970:.— A&O Lake Borgne Dist Levee— to 6 1.25 114 — 107 108 Lafourche Basin Levee—> 5s Jan 1954 opt 1944—J&J 110 , •X.'l-. i, Net Ask Bid Cumber'd 109 M 106 M 109 M 3.10 % 107 108 5s 1972. 1 6 1.00 4 Ms W W 1937-42—-J&D 6 1.00 6s Gen Oblig 1937-40—J&J 6 1.00 , v. 3.25 % to 108 M 106M ,3 to 1.25 % Bonds- ol^SiMarch 1945i_ ...M&S 3,25 lesslM 5s 1937-1969 F&A 108 M Baton Rouge—5s '37-54 M&S b*3.20 Bossier Dist Levee 5s '54-A&0 105 Caddo District Levee— 5s 1951 opt 1941-——J&J 105 Fifth District Levee— 5s 1950 opt 1940 J&J 105 5s 1952 opt 1942—...J&J 105 5s Oct 15,1962 op '52-A&0 108 5s Oct 15.1963—-A&O 15 108 5s 1957-1967 A&O 15 108 5s 1959-1969—-—F&A 15 108 To or Net Baltimore—(Cont.) ; 3Ms Impt 1940--—.J&J 1,1948Oapital Bldg 4Ms Aug 15, '52 Atchafalaya Levee Dist— 5s Sept 1937-1972 M&S 5s Dist ref & imp 1949.M&S . 5s Oct 20 Ask 3.00 to 3.40 3.40 to 3.50 3.40 3.30 3.40 3.50 State Pension 5s June , ■ Bid Long Term Bonds- Fort Wayne School Dist-— 6s Oct 1 1937-1943———- b 1.25 Indianapolis— 6 Hs Track Kiev '37-'47- J&J 4s Fire Dep J'ne 1 41-J&J 4 Ms Sch Pne 15*40 J&D 15 4Ms 1937-1955 J&J 3 Ms Oitv Hall 1939—J&J Indianapolis S D—• 4s Blag Sept 1 1946—J&J 3 Ms July 1 1941-J&J Bonds Yield Basis To or Net Ask 7 Yield Basis To or Bid Bonds BONDS possible for the closing day of the month preceding the date of issue to 3.25 to 2.90 i J?20 % STATE JAN., 1937] possible for the closing day of the month preceding the date of issue Quotations for all securities are as near as Bonds Bid - ft 1.75 4 Ms Marl 1937-1939 Grand Rapids— 3Ms Sept 1 1937-1940 M&S 6 1.50 3s Sent 1 1941-1945. -M&S ft 2.90 Kansas City— 4MB 1939 5s Water 1939 to 4.00 to 3.20 to 3.50 to 2.30 1 60.50 to Airport 1937-1971- M&J 3.20 4Mb 4 Ms 4MB 4s Jackson 4Ms 1937-47—A&016 6 2.00 Jackson Union S D— v, V • 4M* 1937-1945 —M&N 6 2-00 to 3.25 4s Auditorium Nov 1 4Ms April 15 1957--.- — Lansing— Pontiac— ,4s 1941-1957 4Mb 1937-1947 M&S Refund 4-4 Ms 1946 opt 1937 £§** 98 4 Ms 98 M 1946-1951 M&S Y 5Ms Sewer 1937-42—F&A 98M 6s Water Imp 1937-50. J&D 98 M Port Huron 4Ms 1942 6 2.00 Saginaw-4 Ms 1937-49.-F&A 6 1.50 iMs Sewer 1937-51—J&D 6 1.50 Wayne County-*- Y Covertroads—— to 2.50 to 2.50 to 4.00 Kansas City S D— _ 106 106 1937-1946 Duluth Ind School Dist— to 3.00 to 3.50 J&J 61.70 J&J 6 1.60 J&J 6 0.60 ......—.—--J&J J&J to 2.60 to 2.65 % to 3.00 % 2.00 to 2.60 61.75 r.5o" improvement 4sl944 Louis 4Ms Public bldg Ij5 6.50 ft 6 0.50 4s Educat'l to 1.90 to 6 0.50 4Ms 1937-1950 F&A 4Mb Dec 1 1937-1950-J&D 4 Ms Rd & Bdge *38-'44M&N 4Ms Rd & Bdge '37-43 J&D St Paul— ^YY'YY' to 6 1.00 to 2.40 2.40 ft 1.00 4s 2.10 1940-1061.A&O 6 2.00 ft 1.75 to 3.40 ft 1.75 to 3.40 6 1.00 to 2.50 1.00 to 3.15 ft 1.00 ft 1 00 to 3 00 ft to 1.40 to 3.00 to 3.60 v, i Camden— % 6 2.50 to 2.65 % to 2 6ri % 5Ms 1937-1961.. F&A 6 3.00 4Mb Water '37 to '60.M&N 6 2.50 4Ms 1942-1969.. -J&J 6 3.50 ft 3 70 4s 1945-1970 Camden Co— 4Ms 1937-1970 J&J 61.50 tC 2.60 % 2 60 ' i Y ^ . J&D ft 2.25 '• to 2.90 % 6 0.50 to 6 2.15 to 2.20 % 2 60 % J 6 3.15 2.00 105 Elizabeth— 2.75 % J&J ft 2.50 3.20 to3 10 to to 1.50 2.75 3.40 % v ft 1 65 1.40 2 60 4 Ms 1937-1955. J&J 6 1.00 70 1937-1943-A&O Greenville 5s fund '43-*50 F&A 6 4.90 Jackson-— Y■ Y'Y • ■- •Biloxi 5 Ms 4.65 5Ms 1937-1954....—A&O 6 4.65 4Ms Jan 1 1937-1952 4Ms 1937-1952M&N 6 4.6) Jones Co 5s 1937-1942 M&N 6 5.00 . Meridian 5s Dec 1 1939—J&D 6 5.25 4Mb School House 1941 J&J 6 5.25 i ft 1 00 to 2.70 % 116M 6 1.00 ft 1 01 6 1.25 1937-1957 A&O 6 1.25 5Ms Dec 1 1937-1946.J&D ft 1.50 1937-1972.; J&J ft 1.50 Englewood— ' Y'SyY'.r;•, 5s 1937-1944 A&O 6 1.00 Essex County—• 4 Ms 1937-1960 M&S 15 6 1-00 4s Hospital 1946.. F&A —... Essex Fells (Boro)— 5s July 28 1937-1960. ft 1.00 Fairview—5s, 1944 ..J&J / 88. Glen Ridge— 4 Ms Mun Bldg 1937-70 F&A 6 1.00 Gloucester City— < i i 4Mb 1937-1966*. i. J&D 90 5Ms Water 1937-1963-M&S 90 Gloucester Co—• " ^• •' .A ; i : 4 Ms Bldg&Rd'37-'45 J&D20 6 1-00 to to 2.25 J&D ft 0.50 to 1.25 6 0.50 to 1 6 0.50 .F&A 1937-1942.-J&J ft 1.50 Imp . V-vv;* ^ i 1 ■ Y 77 2.25 J&D 1.50 4Mb '38. '40 '42. '44.M&N Keene 4 Ms 1937-1942—M&N 6 0.50 4.75% to i to .50 % 2.30 % YY.4% I 2.25 Manchester— 4s 1937-1940 .M&S 1.00 to 4s 1941-1945 4.25% 4.25% 4.25% 4.75% 4.80% 4.80% 4Mb 1938 & 1939 4Mb 1943-1946 4s 1943-1947 4s Road 1944-1948 4s Nov 1 1948-1952 3Ms 1948-1952 4 Ms Road 1938-1942 3s Road 1953-1957 3s Building 1939-1941. A&O A&O M&S 0 40 —M&S ft 2.50 to 2.60 Bridge bonds— " 4Ms Series A July 1938— 4M» Series B July 1939—— 4 Ms series C Jan 1940 4 Ms Series D July 1940 4 Ms series E Jan 1941 Road Bonds— * ' 4 Ms series C July 1939 4 Ms series D Jan 1940 4 Ms series E July 1940 4 Ms series F Jan 1941 8.75 I 10 20 I 20 I 30 " 0 1.20 1 30 0.75 1.50 1 60 1 70 2.20 1.40 to 2.10 2.10 050 2.10 J&D J&J 6 0.75 to 2.20 1.10 to 2.00 1.20 1 20 J&J 6 1.90 to 2.40 2.00 to 2.25 J&J 6 0.40 4Mb 1937-1950— J&J 6 0 40 Is 1937-1950———J&J15 6 040 s 1949 -J&D ft 0'.40 s Road 1937-1952 Is Court house 1937-52— 6 0.40 (School District)— 4Mb 1943-1948.. Flat price. 6 2.00 , n 0.50 8.75 1.10 to 2.20 1.25 8 to to .280 to 2.80 2.90 to 2.90 to 2.60 Nominal. 1.20 1 30 July *55 opt '40 opt *41 ft 0.50 to 3 Ms ser C of '30 Nov *37-'69 6 0.50 Institutional Construction— 2.80 to 2.90 B of *24 4 Ms C of *24 July '56 4 M« ser B of *30 July Jackson County— b Basis. 1 30 2.00 2.10 4s 1937-1951 to 2.25 to 2.75 to 3.03 % to 3.10 % 00 2 50 to 3 00 to 3.75 .40 Ot:3.00 1937-1954 to Par to 2.75 to 3.80 to m 3.35 1, to 3 Ms ser A July 1937-1966.- 6 0.50 4Ms series B July 1937-67— 6 0.50 ft 0.30 4s series C April 1937-69 2Mb series D May 1937-70. 6 0.50 to '37-*67 V:"- 3X0 2 50 % to 3.40 % to to 3.75 % 3 80 % 3 70 v 3.40 % ro to :> I 3.15% 3.40% 3.70 to 3.35% to 3.55 to 3 50 to 3.35 . to 3.50 to 3.25 to 3 80 Long Branch 5s 1943 M&N 101M 88 Lyndhurst 3-5s 1937-57—J&J 84 Maple wood (Township)— 4s 1937-1967 .J&D15ftl.OO to 3 00 % Mercer County— 3 Ms April 1941 A&O ft 1 75 1.50% 5 Ms July 1 1937J J& J 6 1 00 0.75% Middlesex County— 4Ms Road 1937-1944—F&A ft 1.00 to 2.60 % Monmouth County— 4 Ms Mar 15 '37-'50--M&S ft 1.25 to 3.30 4 Ms Rd & hdg '37-51F&A15 ft 1 75 to 3.25 Montclair 4Mb Sch 1941.A&O 6 1 93 1.75% 2.30 4Mb High sch bldg '44.J&D ...... Morris County— 5 ; 4Mb 1942 opt 1922 J&J 6 0.75 0.50% 3 Ms 1939-1949 J&D15 ft 1.60 to 2.60 % to 2.00 to to 3 90 1.20 to 1, 3.25 to 3 00 Ix)di—5s 1937-1947 1.80 Jtf&N to 1,10 4M® series G July 1941 4s series H July 1942.. 4s'series I July 1943 4 Ms series A of *27 July 1944 4s ser B of '27 July 1950— Soldiers Bonus 5s July 1941-Highway Extension— I Ms B of *20 July '52 opt '37 4 Ms C of '20 Jan '53 opt '38 s D of '20 Jan *54 opt '39 to 2.50 '' 1.90 M&S A&O Buchanan County— Rel 3s 1943-1956 . 3 NEW JERSEY 4.10% to i 90 j 4Mb 1942.—— 5s March 1 1937 - 20 — F&A ft 2.00 M&S ft 0.75 Hoboken—4Ms .' 1940—.J&J ft 3.00 5s School 1937-1954—.J&J ft 2 00 Hudson County— U ; 4Ms 1937-1978-.-..M&N15 ft 1 00 4s g Park 1954 & '59.M&N Hunterdon County—1 4 Ms Road & bldg *37-'46J& J ft 1 00 Irvington 5s School 1963.J&D ft 3.50 4Ms 1937-1959—..—J&D ft 1 25 Jersey City— > X''1 {' ;vYY'• 5Ms 1942-1953 —A&O ft 3-25 5s 1937-1969 A&O ft l.oO 4Ms School 1937-58—.J&D 6 1.50 4Ms School 1945 J&J ft 3.30 4 Ms Water 1961 A&O ft 3.50 4Ms 1937-1967 J&D'ft 1.50 4s Refunding 1949 F&A ft 3. 5 4s July 1 1937-1953 ft 1.50 Gen ref 3Ms *37-'54-.F&A ft 1.50 3Ms, 1937-1956 .v. 6 0.60 Keansburg 5Ms L937-59.M&N . 88 Kearney— ' 'X i ..' 4Ms Water 1937-70-J&D15 ft 1 25 4Ms Sch impt '37-52.J&D 6 1.25 5Ms 1937-1970 —J&D ft 1.25 6s to 2.10 Concord— ft — 1948-1950— -M&S 6 2.40 315 to 3 ^ 4 Ms 1942...; 3.25 1937-1943—M&S 4Mb Highway 1937-1943.J&D MISSOURI 4Mb Road 4mb 1937 to to 3.00 . 4Ms 0.50 J&J 4s Highway , v) 85 . - ;.:v; -Xfi to . HAMPSHIRE 4s July 1937-1948 4s June 1937-1938— Mississippi Levee District— 5s May 2 1944 M&N 6 4.00 3.90% 5s July 1 1953 J&J ft 4.25 4.00% Vicksburg— I ; 5s Pub Imp 1937-48—F&A 6 4.40 4.00% Yazoo-Miss Delta Levee Dist5s 1937-1954 M&N 6 4.10 3.75% 4Mb July 1949 J&J 6 4.10 3.75% 4s 1952 oDtional 1922—J&J 6 4.25 65 3.55 % to 3 YY':'' , Hackensack 2 70 2.60 MISSISSIPPI NEW 4.00 % to • 3s 1937-1966---.. 5Ms Impt 1937-1946 M&S ft 3.907 3.60% 6 3.90 3.60% 4Mb May 1 1939-50 4Mb Impt 1953 J&J 6 3.90 3.60% 4Ms Flood 1937-53 A&O 6 3.90 3.60% 38, 3 Ms & 3 Ms highw notes Ser I due 1938 to 1956 1.00 to 5.75 Ser II due 1956 to I960.. 6.90 to 7.75 to 4.00 . to ft 3.00 5s 1948 J&D 6 3.10 Omaha SD 4 Ms Mayl'55M&N 6 3 00 York School District— to 2.60 4.10 to 80 4 Ms % to 4.50 101 - to 1.95 3.60 to YC-;'"! Cape May— 4Ms School 1937-1951.M&S Cape May Co— Y: 5s 1937-1940 M&S Delaware River Joint Com. :. Phila-Camden Bridge-* 4Ms 1938-1945 4Mb 1946-1973.*...* East Orange—v u 4Ms 1937-1969 ..J&D 5s Sewer 1937-1960..—J&J 3 School 1938-1974—A&O , to 3.u0 <• 4s 1944 1968 % to 3.40 to 1.65 ft 1.00 v % 4M8 Wat wks Dec 15 '41 J&J 4Mb May 1 1956 M&N 2.50% to to 3,65 \ 4 Ms 1937-1959 Omana—* 4Mb Water Aug 1 '43.F&A 2.70 4Mb July 1 1955. J&J 1.25 4Mb 1938-1959 J&J 4s 1937-1939— A&O 6 0.75 ft 2.00 2.60 to 3.15 3.75 3.65 to to 2.40 1937-1941._J&J 6 0 70 1944—J&J 6 2.20 101 to 4.50 to 2.00 to 1.60 M&N J&J15 to 5.00 2.00 to 4 Ms 1937-1953 M&N 6 1 00 McCook Fund 5s '37 43.F&A 6 1.00 North Platte Sch Dist— 2.50% to 2.80 July 1 1951..J&J 5s Gen'l impt 1937-62-J&J 4Mb Sewer July 1 '43—J&J 3.50 3.50 ft Lincoln School District— 6 2.70 5s School ••••■■ 6 1.75 Beatrice 8 D 5s 1937-54- F&A Douglas County— ; 5s Highway 1937-46.-A&O Holdrege S D 5s 1937-55.J&D 6 2.00 2.60% to (Boro)— ft 6s July 1 1937-1944 School District 4 Ms l'37-'55 ft ft Bayonne—5s 1937-1949.J&J 4Mb 1937-1955 F&A ft 6 0.60 ft 1.50 2.25 6 2.80 A&O 6 0.75 July 1 1951.—J&J 4Mb W W 1937-42 Y f Bound Brook4Ms *37-42 J&D 6 2.00 NEBRASKA . 6s school O % to 2.50 77 77 F&A * 5s 1937-1968 6s to 2.15 6 0 50 77 77 1 to 1.90 ft 0.50 6 0.50 J&J, 75 J&D f 75 M&S f 75 75 2.70 5Ms Sewer '37 to *39..J&J 6 1.00 to 1.75 4Ms Wat & Sew '37-'50. J& J ft 1.00 to 2.90 to 1.90 to 87 2.60 to 2.40 6 0.50 87 83 to to 1.50 1.60 , to Daniels Co 6s 1937-1942-J&J 1.90 ft 0.50 to to 2.40 Great Falls— 6 1.15 6 1 00 6 1.60 .Ms Educational 1.90 to 6 0.50 MONTANA to 2.50 1 00 4Mb 1937-1946——J&D ft 2.00 2.00 % to 1.50 to v to 1.50 ft A&O 6 2.50 F&A 6 1.50 bldg 1.50 to to 1.50 6 0.50 1.75 to 1.40 ft 0 30 Bridgeton (City)— 4Ms 1937-1958 M&N M&N M&N & impt 4Ms 1937-1943 4Mb 1942-1949 to 2.00 to 1.50 6 0 30 4 Ms Bridge 1937-57-A&O f- Bloomfield— Y Ramsey County— "'■■vK' To Net to 1.40 4Mb 1937 to 1969—J&D 15 ft 0.75 Bogota— ■ i v.'/„>■ .■ '&) ■; % & A&O 2Mb Public bldg & impt —M&N 6 2.40 Springfield 4 Ms *37-'49- .M&N 6 0.60 University City— i- to 2.50 A&O 3 Ms 1937-1941 M&N 2.60s 1939-1966 A&O 2s 1937-1946 A&O 1.90s Oct 1 1937-46—.A&O Public % % 98 M Refunding 4 Ms May 11951 Joseph S D 4s 1940 2.1 00 / 83 4Ms School 1937-66.—F&A Belleville 5s 1937 & '44.M&N Belleville 8 D 5s '37-*44 M&N Bergen Co— : 5Ms Dec 1 1937-1942.J&D 5Ms Dec 15 1937-60.J&D15 5s Dec 15 1937-1955.J&D15 4Mb 1937-1939A&O 4s Court Hse '37-'38_A&0 1.70 6 0.50 3s School 1940-54 3s Refunding 1952 „ to 2.25 1937-'45-M&S 3 Ms A&O ft 0.50 1942-J&D I 0.50 t-o to 2.25 ft 0.75 % to 2.1 to 2.30 4M school 1937-1941 4 Ms 1937-1940 , 2.70 to 6 1.60 to 2.50 6Ms 1938-1940 -A&O 6100 to 2.25 Hennepin County— 1.00 to 2.25 6s Bridge 1937-40 M&N 1.00 to 2.25 5Ms Bridge 1937-40-.M&N 1.00 to 2.10 4Mb Sanitorium '37-*42 J&J 1.00 to 2.00 4Mb Hospital '37-41.M&N ; Ask 6 0 30 6 0.50 6 1 M&N / 1937-1970 Audubon ft 1.75 St 4Ms Atlantic County— to 2.71 J&J J&J J&J St Charles County 3 Ms toll bridge series A. .July 15 '56 6 1.00 , . impt 1937-1943 J&J 4Ms 1937-1939 —F&A 4Ms 1940-1953 —F&A 4Ms W W 1937-1945*-A&O 4Mb 1937-1948 M&N 4MB 1941-1948 M&N - 4s - 6 1.00 ft 1.00 Minneapolis— 5s 1937, 1940, 1943,1945, ft 0.50 v 1946. *47. '48,'49,*50 J&D 5s8tImpMay2'37-'41 M&N2 6 0 .75 4Mb Apr 1938-39 A&O 6 1.00 4Mb Apr 1940-1952...A&O ft 1.90 3.00 3.00 % ' 4sl937-1940 4s 1941-1945 4s 1946-1951 J&J 3.00 to to 3 Ms 1941-1951 2 Ms 1945-1955 Dulutb— ^4s 3.00 % to 5s 1941 106 3.50 to h'way *47-51 ..M&N J&J to to 2.65 4MB 1937 4MB 1946 1.85sRuralCreditctfsl941 M&N 6 0.50 6 0.50 6 0.50 , Atlantic City— i: ; 4Ms 1937-1958 4Mb June 1937-66 4.40s 1937-1954 3.00 % 4 Ms 1940-1950 4 Ms 1937-1950 J&J 6 1.90 to 2.00 J&D 6 1.25 1.10% ft 1.90 to 2.05 4MB 1937-1942 to 4s 1941-1951 99; 100; 100 M MINNESOTA .4MB 1937-1947 to 2.75 % 6 0.50 | to 6 0.60 St ' 6 0.50 -J&J F&A A&O A&O 2 Ms 1956-1975 ... 3 Ms July 151943 4 Ms Dec 1 1939 2 M trunk to 6 1.00 ft 2.56 St Joseph 4Mb 6 2.50 to '37-71 3 Ms 1937-1974.— 3 Ms 1937-1974 3 Ms 1938-1955 to3.00 % t Voted bonds 6 0.60 6 0.50 6 0.50 4s Various 1937-1970.M&N v- 98 1950- 6. 4Mb -.v, J&D 6 1.00 Muskegon 4Ms 1937-44.-J&J 6 1.85 Muskegon 8D6s 1942-—July 6 3.00 1937-1946 Emergency Relief— 3 Ms Jan 1938-1941—. 5s May 1937 to 1941... 4 Ms Nov 1937 to 1941 1.50 3 Ms Mar 1937 to 1942 3.: % 2.00 3 Ms May 1937 to 1942 2~.75 % 2M Jan 1938 to 1943Ed Aid 4Mb ser A Jan 1938-42 2.20 2.70 Asbury Park (City)— , 2.60 % 4Ms 1937-1953. .M&N to 1937-1954. —J&J 1937-1943 J&J 1937-1955 A&O 1937-1947 -J&D Airport 1937-54—A&O 4 Ms % 6 0.50 4Mb Various May 9 '37-72 4Mb Jan & July 1942—J&J to 3.50 „ Bid 1.00 1.15 J&J to 2.50 Y Bonds t • J&J —J& J ft 2.00 4 Ms To Ask < 1940 4Mb to 2.75 to V Grand Rapids School Dist— 4Ms 1937-1943—.. —M&S ft 2.00 Highland Park— ■»'■;« ;■ „ or or Bid Bonds Net Ask Net Flint 4Ms 1937-54 ft 2.50 M&S ft 2.00 (Mar 1 & Apr 1) ^7-'a Flint Union School Dist— 6s 1937-1954 M&S ft 2.00 ^ To or V Yield Basis Yield Basis Yield Basis '*'• 95 BONDS AND 1 MUNICIPAL 2.80 % 2 65 % 2.65 2.80 to 2.80 to 2.55 92 1: Morrlstown—-w. 4 Ms 1937-1942 4s 1937-1969 N©ftr lc to J&J YY-YY ' -J&D 6 1.25 —M&N 6 1 25 to 2.50 to 3 30 • —M&S ft 1 25 to 3.90 A&O 15 ft 1.2) to 3 65 J&J ft 1 25 to 3.50 4Ms 1937-1983 F&A ft I 25 to 3 .60 4 Ms School Dec 1 '45-J&D ft 3 20 3.10% 48 Sch house 1959 opt 1949 ft 3 15 3 f>0% 4s Pas Val sew'61 op r51J&D ft 3 20 3 10% 4s 1937-1970 J&D 6 1.25 to 3.40 % 3 Ms Track elev 1954-.F&A ft 3.25 3.10%, 6s 1937-1972 5 Ms Oct 15 '37 to'59 5s 1937-1958... •;.v 96 STATE Quotations for all securities are as AND MUNICIPAL BONDS near as possible for the closing day of the month preceding the date of Yield Basis Yield Basis To or Bonds New Brunswick— Bid Ask r 4%B 1937-1957 F&A 6 1.50 4 Ms Sch & wat *37-'69.J&D 61.50 to 3.25 to 3.35 4Mb 1937-1967 J&D 61.50 North Arlington (Borough) 6s Sewer fund 1937-47—J&J 75 92 North Bergen 5s 1941—J&D 6s School 1937-1958—M&S 93 to 3.30 85 94 96 Nutley (School District)— 4MB 1937-1942 F&A 61.50 to 3.50 F&A 6 3.00 6Ms Nov 15 1937-39-M&N 6 1.60 98 Ocean City—5s 1944 F&A 98 4Mb Impt May 15 1938-^6. Ocean Co 4Mb 1937-'50.J&D 6 3.00 Orange— 4Mb Sewer 1937-1964.A&0 61.50 4Mb 1943-1967 to 2.50 to 4.00 to 2.75 Passaic— 4MB 1937-1940 M&S 61.75 5Ms General improvement 1937 1961 J&D 6 1.75 5s Impt 1937-1948 M&N 6 1.65 4Ms Refunding 1944..M&N to _ 4Ms 1937-1968 Pater son— 5 Ms 1937-1959 4Mb Feb 1 1945 Sea Isle City 5s 1942 Somerset County— Marine 4Mb 1937-1969 4Ms 1937-1968 A&O to 1.65 % J&J to 4.00 to 4.10 to 4.70 to 4.80 6 2.85 2.75 6 0.75 Buffalo— to 2.70 to I 1937-1938 1938-1967 une 15 I960--1937-1958 s to 3.20 to3.75 to 3.00 to 3.00 to 2.00 to 3.15 4Mb 1937-1964 Sewer Authority- to 2.60 104 102 to 2.20 to 3.60 to 3.00 to 3.05 0.75 to 3.10 1.25 to 3.10 J&J 0.75 0.75 0.75 Oct 15 to to to to 2.40 2.70 to 3.00 to 2.50 0.50 % 2.00 to 2.40 to to 6 2.25 to 6 1.25 to 6 1.25 6 1.25 to 3 40 City Hall 1939 6 1 25 J&D 6 2.00 Union City 4 Ms 1937-*64.J&D Union County— 4Mb 1937——.. .M&S 6s March 15 1938.M&S 15 4Mb Oct 15 1937-52 4Mb Rd&Bdge'37-'47_F&A 4s Oct 11942 A&O 48 Park 1937 M&N Union Township Sch Dist— 4Mb 1937-1968. J&J Ventnor City— 5Ms Mun Bldg *37-'58.A&0 Ylneland (Boro) 5Ms 1937-1950 M&S Weatfield 5s June 15 1937-60 J&D 4Ms 1937-1966 A&O West New York— *■ 4Mb Oct 1 1937-1968—A&O 5s School 1937-61 M&N West Orange (T) 6s '38.M&S 6 2.00 2.75 3.85 3.50 % % to3.50 % to 3.35 % * to i-75% 4.00 % 6 0.75 6 1.50 0 50 1.00 6 0.75 6 1.00 to 2.50 to 6 2.00 6 0.75 6 2.00 2.75 4Mb 02 Harrison (T)— 4Mb 1937-1980 F&A Haverstraw 4.12s 1937-.M&S Hempstead (T)4Ms'37-59 A&O Hempstead 4 Ms 1937-65 M&S Hempstead Un F S D No 1 6s 1937-1954 M&S Hornell 4 Ms 1937-1947—F&A to 3.00 6 2.50 Par to to 4.35 to 3.00 4.60 2.00 Albuquerque— 115 3.75 3.80 Conser Socorro Co 5s 1941 op '21.A&0 M&S to to 2 2.80 % .80 & 1.50 % 0.50 to 3.25 2.00 to 5.00 % 6 1.50 to 3.50 % 6*0.50 to 6 to 3.20 % <■ <■';■■■. 6 0 50 6 0 50 6 2.50 6 1.35 6 1.90 6 2.35 6 2.35 6 2.40 4s Highw Imp Mar '61—M&S 6 2.40 4s Palisade Park 1961—-M&S 6 2.40 48 Canal Jan 1962 J&j 6 2.40 4s Highw Imp Mar '62..M&S 6 2.40 to 1.90 2.50 2.50 2.45 to 2.65 M&S 6 1.00 to 3.10 1.75 to 2.50 95 Mamaroneck UnFSD No 1— 5Ms May 1 *37-*52—M&N 3.90s 1937-1939 —J&J 3.90s 1940-1964 -J&J Marine Parkway Authority— Sk fd 4Ms ser A I960.J&D Middleport 4.35s '37-'42_ J&D 4.35s Sewer '37-*39 J&D Mineola (V) 4.40s 1937-68 J&J Monroe Co 4s 1937-44 F&A 3.90s Co Bldg '37-*50—F&A Mount Vernon— 4 Ms 1937-1943 A&O 5Ms 1937-1941 A&Oi 4Ms School 1962-73—M&N 4s Sewerage 1950-55--M&N to 2.15 1.30 1.80 2.30 2.30 2.35 2.35 2.35 2.35 2.35 2.35 2.35 2.35 4s due Sept 1 1965 6 2.45 2.40 4s due Jan 1 1966., 6 2.45 2.40 4s Canal Imp Jan 1967—J&J 6 2.45 2.40 4s Highw Imp Mar '67—M&S 6 2.45 2.40 4s Palisades Park 1967..M&S 6 2.45 2.40 4s Bldg constr 1937-1939 M&S 6 0.40 to 1.00 4s Bldg constr '40-'49.—M&S 1.20 to 2.10 5s Jan 2 1938 2 Ms 1937 to 1956 3s 1937 to 1946— Nassau County— 5s 1937-1943- 5Ms 1937 4Mb 1937 1944 4 Ms 1937-1939 4s 1937-1939 '95"" 4.00 % 6-2.00 to 6 "2.80 to 6 115 110m 2.65 to 2.00 to 2.75 to 3 00 to 2.85 to 2.15 (City)— 6 0.50 to 2.00 6 0.50 6 2.70 to 275 % to 3.20 6 2.70 to 3.25 J&J 6 1.25 J&J 6 0.50 to 2 25 2.35 2.35 2.60 to 1.75 to 3.00 to 2.25 4Mb Water 1937-39 Onondaga Co, 4 Ms *37-47A&O Oyster Bay Wat Dist— 4s 1937-1950— J&J 6 0.50 Pelham (T) Un Fr Sch Dist 6 2.50 No 1 4.60s 1944-1966 Poughkeepsie 4Mb '37-52 J&D 6 0.50 4s School 1937-*59 M&S 6 0 50 Port Jervis 4 Ms 1937-1966— 6 0.75 Port of N \ Authority— Gen & ref 4s May 1, 1975— Gen & ref 3 Ms Dec 1,1965Gen & ref 3 Ms May 1, 1976 to 1.20 to to to to 2.65 % to 3 25 to 225 to 2.50 to 3.20 110 110M 106 107 M 106 M 108 104 m 106 107 114M 115M Gen & ref 3s Dec 15 1976— Bayonne Bridge— 0.25 Inland Terminal— 4 Ms ser D '37-*41-M&S 6 0.75 to 2.30 % 112 ; 4 Ms ser D *42-'60-M&S 113 Holland Tunnel— 4 Ms ser E *37-*41— M&S 6 0.40 to 1.60 116 4 Ms ser E *42-'60—M&S 115 Putnam Co 4Mb *37-*51-A&0 0.70 to 2 90 4s 1937-1954075 to 2.90 ,—.F&A Rensselaer County4Mb Highway 1937-58.F&A 6 0.50 to 2.80 Rochester— 5s 1937-1951 0.70 to 2.80 .F&A , „ 1.00 to 6 1.00 to 6 to —F&A F&A 2.50 % 0.70 to 1.10 1.30 to to 2.80 3 00 to 2.85 to 2.25 to to 1.20 1.50 Rockland Co— 1.00 to 2.60 % 1.00 £ to 2.60 3.10 J&J 1.00 4mb 1937-*38 (reg)_F&A 15 4Mb 1937-1946 -M&S Rockvi lie Centre (V)— 4.15sl937-1952 —J&D Rome 5 Ms 1937-1941 A&O M&S 6 1.00 M&S 6 1.00 to 2.80 % to 2.50, % Rye (V) 5s Mar 10 *37-*38M&S Rye & fiar'son Un E)fSDNo6 4.40s 1937-1953 F&A M&N 6 1.00 to Saranac Lake 4.45s*37-39 F&A 'i —M&S 15 -A&O M&S M&N 114m 6 0.50 to 2.90 4Ms Pub Imp '37-'58-F&A 0.50 4Mb 1937-1959 M&S 4s Imp Sch &c *37-'47-J&J 0.50 1mb 1937-1938. A&O 6 0.50 1mb 1939-1940 A&O 6 1.25 3.00 'o 2.75 % 2.h 0 % 1.00 113 to 2.60 0 70 3.00 to 113m 113m 1.65 1937-1938 5s 1939-1962 to 2.45% 2.45% 2.75 5s 101 2.60 % 1U0 2.50 '165" 1.50 %' 1.40% 1.50% 2.40% — 3.60 % 2.75 3 70 % 6 2.50 6 2 50 2*95 % 117 m to 2.60 4s Ser B 1937 to '50-J&D to 3.00 90 0.50 to 2.50 4Ms Ser B *39 to *53-M&N M&S 6 3.00 M&S 6 1.00 121 121 George Washington Bridge- 3.00 I 2.45 118 120 m to 4s Ser O 1939 to *53 J&J 3 to 1.00 118 to 2.85 Oswego—5 Ms 1937-46..M&N 6 0.50 to 3.60 .. 5 Ms 1937-1940 J&D 95 5Ms 1941-1960 J&D 90 Mamaroneck (T)4 Ms *37-64J&J 6 2.00 125m 124m 6 0.50 1937-1951 A&O 6 0.50 Co 4s '37-*51—M&N 6 0.50 Ossining4Ms 1937-42 M&S 6 0.50 4mb Water 1937-1969-A&O 6 0.50 to 3.60 Long Beach 5 Ms *37-*60_M&N to 2.65 to iy,,v 4Ms Sch 1937-1944 4.40s 1943-1949 5s 1937-1942- to 2 65 1.40 Lockport— to 2.65 129m 130m 131m 1.25 3.70s Ontario to 3.00 1943-1949 129 to 3.00 % 2.75 4s Water 1940-*45 % 98 4 Ms m 128m Ms Wat May 1 '41-48M&N Oneida 0.50 —1 125 m 120m 120m 3 Ms exempt 1955 M&N 112m 3 Ms stock Apr 1,1954. A&O 6 2.65 3 Ms Corp stock Mar 1,1960 113m 3 Ms Corp stock Jan 15,1976 114m 3 Ms Corp stock July 1, '75. 110 3s Rap Trans 1947-51 —F&A 6 2.40 2Mb Serial 1937-46—F&A 6 0 40 Niagara Falls— 5Ms 1941-48— ..M&N 6 1.50 1937-1960 F&A No Hempstead S D No 7— 4Mb 1937-1942 J&D North Tarrytown— 4mb Water 1937-45—A&O 4Mb Water 1946-64-A&O 4Mb 1947-72 —J&J Huntington IT) 4s ,37-'52_ J&J 6 1.00 to2.90 % Islip 4s 1937 M&S 0.50 4s 1938-1951 M&S 6 0.75 to 2.85 %t 2.40 Ithaca—4Ms Water 1942 J&J 4Ms 1940-1954 J&J 6*2.30* to2~60 % Jamestown— 4s Mar 201943—.—A&O 2 00 4Mb 1937-1940 A&015 1.75 Jamestown S D 5s *37-39 J&D Par to 2.00 % Johnstown 4Ms Dec 1937 100 Kings Co 48 Mayl 1937-*44— 6 3.40 to 3" 6 5 % Kingston— 125 i 4Ms to 3.00 % 3" 00 M&N Niagara Falls S D to 2 90 % 0.50 95 4s Canal Imp July 1960—J&J 6 2.40 4s Canal Imp Jan 1961...J&J 6 2.40 4s Canal Imp July 1961._J&J 6 2.40 to 3.00 0.50 % 130m _ 3 Msg exempt 1953 ...M&N 6 2.50 3 Ms g exempt 1954 M&N 113 3 Ms g Water ex 1954. M&N 113 4 2.70s June 1. 1937-1944. 6 0.75 to 2.00 % Lackawanna 4 Ms '37-'54M&N 2.50 to 4.00 % 4Ms Bonus 1937-1939...A&O 6 0.40 4Mb Bonus 1940-1949 A&O 6 1.20 / Flat price. 2.50 0.50 0 50 to 2.70 4Mb Sew *39-*46 reg_M&N 3.95 Nov 1,1961-70—M&N 3 Ms 1942-1945 M&N 2.40 75 4 Ms Barge Canal 1945..-J&J 6 1.85 4s Canal Term 1942 J&J 4s Canal Term Jan 1946.. J&J 4s g High Imp Mar 1958.M&S 4s g High Imp Sept 1958.M&S 4s High Imp Mar I960-- M&S to M&N 4.15s Sewer 1965-70-M&N 6 2.85 4.10% Sewer 1937-50--J&J 6 0.50 70 NEW YORE 5s Jan & Mar 1 1937-1945 6 0.40 5s Jan & Mar 1946-1970 6 2.00 4 Ms Highway 1963 M&S 6 2.55 4Ms Canal 1964 J&j 6 2.55 4Mb Canal 1965 J&j 6 2 .'50 Highway 1965 to 2.50 0.50 to 2.80 6 2.60 6 2.60 . Dist 5Ms 1937-73—-F&A 2.00 4.20s 1937-1945— M&N 4.20s sewer 1946-60—M&N 4 Ms 1937-1951 M&N 4.40s 1937-1950 M&N Garden City 4 Ms 1937-52.J&J Greenbureh (T)— 4s 1937 1951 J&J 6 4.40s 1937-1965. J&D Groton 6s Wat '37-'50—M&N 6 0.75 6 0.75 5s Water Works 1962..J&D 110 4Mb 1937-1950— J&J 6 4.00 4 Ms 1937-1950 J&J 6 4.10 to 2.60 Freepoit— 4.30 % 95 6 to 2.90 2.60 0.75 4 Ms 1939-1959 .J&D 4s 1945-1953 —M&S Essex Co 4s 1937-1956—.M&S Franklin Co 4Mb '37-'40.M&S tol.25 Greenburgh U S Sch Dist No 9 61.75 to 3.35 6 2.50 0.75 1.50 1937-1938——J&D 0.50 to to 3.25 1937-45—A&O 6 0 50 to 1.90 1.90 NEW MEXICO 6s Highway 1937-1940-—J&J 6 3 25 2.50 6Ms Highway 1937-1940.J&J 6 3.25 2.50 4 Ms Dec 16 1952 opt '22.J&D 99 100 4s Fund 1939 opt 1919—M&S 99 100 2Ms H way deb 1944-45-M&S 6 2.40 to 2.50 % Grande F&A 6 1.25 4Ms 1937-1958 Elmira— 4Ms Water Erie County 119 3 Ms Corp stock 1939-54- — 6 1.10 1.50 3 Ms g exempt 1941 M&N 6 1.60 3 Ms exempt 1942 M&N 3 Ms R T 1948-1950—M&N 6 2.50 3 Ms g exempt 1952 M&N 6 2.50 East Chester 1.75 2.90 1957-M&N jM&n 4s serial 1937-1963—J&J 6 0 .50 3 Ms Corp stock July 1 *75.. 116m to 2.60 M&S 6 2.20 127 135m 130m 132m 1937 to M&S 6 1.00 1947-1954.— May 1959 4s to 2.20 M&S 6 0.75 4s 4s 3.10 2.75 to 2.30 1937-46.A&O 6 0.75 1938-1946 4s Various May 4s Nov 1958 to 2.60% Relief 1937-45—J&J 6 0.75 2mb Oct 15 1937-56—A&O b 0.60 Columbia County— 4Mb 1937-1959 A&O 1.00 1.25 Corning 5Ms 1937-60 M&S Cortland Co 4mb '37-'51-J&J 0.75 Delaware Co 4.20s '37-'52A&0 0.75 4s 2.90 3.10 to 3.15 J&J 6 2.20 J&D 6 1.75 Dutchess Co— 4s 1937- i 3.00 3Ms 1940-1964 3.40s Nov 15 '37-'55-.M&N 6 0.75 3.10s to 2.75 2.80 % to 3.00 J&D J&J 130 127 ill? 2.75 % 1.75 % A&O J&D M&N 4s 1940-1964 3.00 2.50 3.25 3.20 1209& to l.lo 0.75 % J&D 15 6 3.00 M&N 6 0.75 s to to — to 1 5Ms 1944 5s 1937-1950 4Ms 1937-1968 to 2.90 — to M&N b 2 60 M&N 6 0 50 6s Corp stk Jan 25*37 J&J25 129 4Mb mne 1965 J&D 128m 4Mb 1963 M&S 4Mb May. 1957 M&N 126m 4 Ms Nov 1957. M&N 126m 4 Ms Dec 1, 1979 J&D 134 m 129 4 Ms Corp stock 1967.-J&J 4 Ms Corp stk 1971 J&D 15 131 0.50 4Mb July 1,1937 to 1955— 4 Ms Jan 1, 1977 J&J 4Mb Sch & Var '37-'39-J&D 4Mb I960M&S 4Mb Mar 1, 1962 M&S 4Mb Mar 1, 1964 M&S 124 > 4Ms April 1,1966—A&O 124 h 4Ms Apr 15.1972 A&015 128 4 Ms Rap Tr & Wat *74 J&D 128m 1.50 4Mb Feb 15. *41-*66-F&A15 129 4Mb Feb 15,1976—F&A15 4Mb Nov 15,1978-M&N15 130 4 Ms Mar 1, 1981 M&S 131 6 0.50 4s Corp stock 1937-55 0.50 4b July 1,1937-1956 4s Oct 1,1980 A&O 125 4s May. 1977 M&N 124 4s Nov 1955 —M&N 117m 48 Various 1956 M&N - tol.25 % to Binghamton— 4Mb Oct 1 1937-71— 2s Mar 11937-1956 Brooklyn 3 Ms 1937 1937-1944 4 Ms 1945-1965 4 Ms 1937-1963 i to 2.00 to 6 1.00 b Basis. to 2.60 6 050 6 0 50 6 0.35 0 50 1.60 1937-1955 Ms to 0.50 M&N 6 0.50 M&N New York City— 0 50 to 4Mb % var. 3.00 to 3.60 5Ms 1937-1951 A&O 5s School 1937-1955...A&O 4 Ms 1937-1966 F&A 4Mb 1937-1960 F&A ■ 4 % to 2 90 % to 2.25 _ to 1.50 to 1.45 060 6 1.00 Rio 1.40 % 6 1.40 6 1.35 6 0.50 M&N 6 1.75 4s 1937-1972 3:^ New Rochelle— 5s 1937-1950 par M&N 6 s „ 6 2.00 6 1.00 Middle 6 0 40 to Albany Port District— 4mb School 1941 F&A 4Ms Imp & sch *37-'60-J&D Sussex Co 4 Ms '37-'44...M&S 4s Impt 1937-1955...M&N Tenafly 4 Ms 1937-1963.F&A Trenton „ to J&J J&J m 120 6 0.50 1.70 % to 1.90 % 6 Par 6 Par J&D 6 0.75 120 120 M&N 6 0.50 M&N 6 0.50 Summit— 4s J&J 2.50 3.00 % J&J b 2.25 to 3.40s July 1 1941-45—-J&J 6 2.30 to 2.60 6 3.50 to3 00 2 Ms 1946-1956 Newburgh— 4s Wat Impt 1942-63—J&J 2.60 to 3.00 1.00 to 2.50 4mb Wat Impt 1937-41.J&J to to 2.40 % 6 4.15 6 Par J&J 6 0.75 M&S 6 1.00 J&D 6 0 75 119 119 119 119 Net (Concluded) 3 Ms 1944-1950 J&D 6 1.50 Terminal 4Mb 1937-1973 South orange— • 4sl937 to 1944 6s 1937-1962 1.00 to 2.30 120 Ask Bid 3 Ms 1951-1961 3s July 1 1940-64 1940-1971 1937-1945 to 3.30 to 3.80 4 Ms 1937-1949 J&D 6 1.00 4Mb 1937-1952 J&J 61.00 South Jersey Port District— Nassau County 1.00 2 35 6 0.40 6 1.15 Bonds 2.65 to 2.50 % to 1.00 % to 3.25 M&N 6 1.00 85 F&A t to 1937-1970 J&D 6 0.50 Xunic & Sch *37-'63-J&J 6 0.50 1937-1939 J&D 6 050 J&D 61.00 6 1.00 J&J 6 1.25 to 2.25 6 0 40 6 1.15 To or Net 1940-1969 M&N 6 1.50 F&A 6 3.20 A&O 61.25 Ridge wood 4 Ms 1937-62.M&N 6 1.15 1Mb Sept 10 '37-46—M&S 10 Emerg Unemploym't Relief— 2Mb Sept 25 *37-*43—M&S 2Mb Sept 25 '44-*45 M&S 1Mb Sept 10 1944-1946 Albany County— 4Mb 1937-1960 M&S 3 Ms Fund 1937-1941.M&N 2Mb refunding 1938-57.J&J Albany City— 4Mb 1937-1939-M&N to 2.75 1937-1953 J&D 6 1.25 Ramsey 5s Water 1937-1940— 6 2.50 Red Bank (Borough)— 4Mb 1937-1953 M&N 6 1.00 1937-1968 1957-59 Ask 3.70 to 3.30 63.15 4Ms 5Ms 1937-1939 4s Apr 15 1940-1955 A&O 3Ms Mar 15 *37-*39-M&S 15 3 Ms Mar 15 *40-'81—M&S 15 3 Ms Mar 15 *37-*39~M&S 15 3 Ms Mar 15 *40-'81—M&S 15 3s g Canal Jan 1 1956.-.J&J 3s g Canal July 1 1958 -.J&J 3s g Canal Jan 1 1959-•-J&J to J&J 6 1.00 4Ms 1937-1967 Perth Amboy— 4Ms April 1944 4mb Water 1937-64..M&S2 4 Ms School 1937-1960.A&O 5s Feb 1937-1977 F&A Plainfield 4s School 1959 M&N 4mb 1937-1962 Various Rah way— 4Mb 3.00 Bid to 3.90 4Mb Water 1939-1970-J&J 6 1.75 Passaic County— 4 Ms 1937-1946 Bonds 3s Canal to 2.75 Yield Basis To or Net 0 50 to 0.50 to 1.00 2.25 to 2.85 0.50 0.75 to 2.10 0 25 to 1 00 0.50 1.00 to 2 90 1.00 Saratoga Co 5s 1937-1941 4 Ms 1937-1955 M&S 6 1.00 4s Sept 1 1945-1954—M&S 6 2 25 to to 2.50 2.50 to 2.40 to 2.40 JAN., 1937] STATE 97 MUNICIPAL BONDS AND Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Yield Basis or Ask Bid Bonds Saratoga Springs— V 4Hs Parle 1937-40 A&O 4Hs 1937-45-J&D Schenectady—5s Dec 15 1937-1941.—— 4.30s 1937-1948 J&D 4.15s 1937-1960. A&O Scarsdale Bonds b 0 50 6 0 60 6 0 60 4s Oct 15 1937-1944.-A&O 6 0.50 to 1.85 1.80s 1937-1950 2.41 5s 6s Dec 15 1944-1948 1937-1943- to to 3.50 Randolph County— 4Mb 1937-1947 to 3.00 M&S & 0.50 to 3.25 4Hs 1937-1944 M&N 6 1.00 to 2.75 4.20s Dec 15 '37-71 J&D15 6 0.50 to 2.50 4s June 15 1937-'44.J&D15 6 1.00 to 2.25 4s 1937-1946— F&A b 0.50 to2.25 3Hs 1937-1940 J&J15 b 2.00 to 2.25 3Ha 1941-1951. J&J15 -----3s 1937-1940. J&J15 6 2.00 to 2.25 J&J15 J&J15 M&S b 0.50 1KB 1937-1946. M&S Ticonderoga S D No 5— 4Hs July 1937-'58 J&J Tona wanda (City of)— 4Ms 1937-1942 -J&J 4Mb Sewer 1937-1953.-J&J 5a Water 1937-1950—J&J 5 Ma Water 1937-1950-J&J Troy— 6 0.50 Sept 1937-1947 M&S 4Hs 1937-1958—-M&N 15 6 5s Farm L'n 1940-45&*50 J&J 6 3.70 5Hs 1945 & 1948 ser C—J&J 6 3.90 4Mb July 1951 & *55 J&J 6 3.75 4Mb Jan 1957 J&J 613.80 to 3.50 2.00 2.00 OHIO 3.75 to 3.75 to 3.90 2.75 to 2.75 to 2.75 to 2.60] to 2.00 Utica— b 0.50 to 2.00 Oct to 0.50 to 2.25 0.50 to 2.00 0.50 to 2.25 0.50 to 2.25 1.00 to 2.50 1,00 to 3.00 6 1.00 to 0.50 4Hs 1937-1953 J&J 0.50 5s 1937-1945..—J&J 4s May 1938— M&N 1.50s 1937-1946 -J&J 6 0.40 Westchester County1.20 5s 1939-1976 —J&D 050 5s June 1 1937-54 J&D 0.50 4Hs San Sew *37-'82—J&J 3.00 4Mb Parkway 1962-86-J&D 0.50 4 Mb Co Bldg 1937-44- - A&O 2.25 j 4Mb *44. '45. '56 & '69 J&D 0.50 4s Co Bldg 1937-59—-M&S 3.00 4s June 1 1959-1964—J&D 0.50 3%s 1937-1939 —J&D 1.25 3 Mb 1940-1951 -J&D 2.75 3 Mb 1952-1980 J&D 0.50 3Hs 1937-1945 -J&D 2.60 3HB 1946-1951— J&D 3.00 to 2.25 to 2.25 to 1*65 to 3.30 6 3.40 to 2.25 to Cincinnati 3.20 3 Mb 1940 opt Cleveland— to 3.10 101 101 19121a.A&O 5s WW 1937-1968 J&D 6 3 10 4Mb Grad Cros'37-'54-A&0 6 3 10 4Mb Fire Dep '37-'55..A&0 6 3 10 1 00 4Mb 1937-1950—M&S 4s Sewage 1937-58 M&S 6 3.00 3Mb 1937-1956.......A&O 6 3.00 to to 2.75 3.75 0.60 0.50 to 3.50 6s 1937-1961 0.50 to 3.65 4Mb July 1 1937-62—A&O 0.50 to 3.35 4Mb Mar 1 1937-'56—A&O 4s 1937-1958. F&A 3.30s April 1 1937-1956 3.10s Oct 1 1937-1964— 0.50i 0.50 to 3.45 1 25 2Mb 1938-1951 M&S 2Mb 1938-1951——.M&S 6 1.25 Cleveland Heights S D— to 2.45 6s to 3.50 0.50 0.50 2.25 3.25 3.10 to 3.10 to 2.75 to to 6 3.40 A&O 6 3.40 4Mb 1937-1943 A&O 6 3.40 4Mb Road 1937-1941 ..A&O 6 3 30 4s 1937-1941—...... A&O 6 3 30 Dayton— :..:; 4Mb 1937-1944. 5 3.25 3.15 J&J 6 0.75 to 3.20 6 0.75 to 3.20 4Mb 1937 1962 4Mb 1937-1968 6 0.75 4s 1937-1968 Ashevillo— 6s 1937-1969. -—..—.J&J 5Mb 1937-1957 J&J 5Mb 1937-1969 M&S 4&s 1937-1965 -M&N 4MB 1937-1962 A&O Imp 1944.-J&D 6 3.20 5s W W Imp 1945 F&A 6 3.10 4Mb Bdge 1937-1951 ..M&S 6 3.40 4hs 1937-1940.......M&S 6 2.80 4Mb 1941-1961 M&S 6 3 50 Dayton School Dist—;, i oHsW to3.20 — 5sMar 16 •37-'46...M&S10 6 3.40 Cleveland— 4 Mb gen imp 1937-43 A&O 6 3.20 East Liverpool—4s 1940-J&J 6 3.30 Elyria 4s 1937 to 1938—.J&D 6 2.25 4MB 1937-1952 ...M&S 63 50 5s W W 1937-1946—J&J 6 3.25 Fostoria 5s W W ,37-'40.M&S 6 3 .00 Hamilton County— 4Mb 1943 F&A 6 2.40 to 3.60 M&N 6 1.25 to 3.50 M&N 6 1.25 to 3.50 Greensboro— 58 Water 1942 ...F&A 4Mb 1937-1963 J&J ^ 4 Hsl 937-1965... F&A 4s Water Works 1954—J&J Refg 3 Hs 1957-1962— J&J 6 1.25 6 2.40 to 2.20 to 3.50 6 1.25 to 3.15 6 1.25 to 3.40 6 1.25 6 2.75 4Mb Oct! 1939 A&O 6 2.00 4Hs Sewer Oct 1 1937-'47_. 6 2 60 4s O H June '37 opt*16-J&D 101 ;• Lakewood— to 3.50 3.00 to 4.25 61.50 to 4.10 6 3.80 3.60 100 99 F&A 6 4.40 4.20 % 6 Basis thai f Flat price, n tar exempt Nominal, - ..." t Less 1 on bid side. * State and c,V <■ ■ ' V:: '• ■ (—Sit — : .; • ■ ■ 6 3.90 to 1.50 to 2.10 2.25 to 2.25 to 2.50 to to to 1.75 1.50 34 29 34 29 30 24 . 3.00 M&S July 15 '40-'45—— J&J15 250 % 6 1 50 to 2 25 % to 3.00 to to % 2.90 % 1 25 % 25 % to2.35 % to 1 to 6 0 76 to 6 0 75 to 6 0 75 4Hs Oct 1937-47—A&O 4 Ms 1937-1960— M&N 4s Water 1937--—M&N 4s Water 1937-1955—-M&N 4s Water 1939-1958.—J&J 4s Water 1940-1959 ,F&A 2 70 2 80 2.75 3.00 2.25 2.70 3 10 % % % % 6 1 25 0 25 % to 2 65 % to 2 70 6 1 50 to 6 0 50 Pt of Astoria 5s Refg 1955. J&J / to 3.10 60 100 Ft of Coos Bay Harbor 5s 2 75 65 102 2.75 to 2.60 % to PENNSYLVANIA 2.60 % 1951 Series C..J&J 136 4Mb Dec 1 1951 opt '36—J&D 100 H 4Mb 1939, 1944. 1949—.J&J 6 0.90 4s Highway 1937, 1940. 1942, 6 0 60 1945,1947.1950.1952 Tax Anticipation Notes— 1 Hs series BT May 311937. Allegheny—4s 1937 M&N 6 0.80 5s July 1 3 10 Allegheny County— 4Mb 1937-1962.—-.--A&O 4Hsl937— A&O 4Hs July 1937-1958—. J&J 3.20 3.20 3.20 3.10 6 0.85 3.10 % % % % 2.30 % 1.75 % 2 40 % 102 6 3.50 3.30 2.80 6 3 20 6 3.40 3.00 3.25 V % & to 2.90 % 9? 1.60 % 2.00 2.30 6 2.50 to 2.25 to 1.90 1 1 1.25 to 2.40 to 2.50 % Easton-Phillipsburg 4M§> 1961 —-F&A 2 HsWater works— 1937-1966———-M&S 4Hs 1937-1960- ——F&A Erie S D 4s 1937-1938-—F&A 4Hs Jan 1 1937-1946 Fayette Co 4s Road 1937-A&0 Harrisburg— 104 H 105H Easton 4s 6 3.00 1.80 2.50 to 2.35 6 2.20 61.25 6 2.00 4Hs 1937-1940——J&J 6 2.00 Chester S D 4Hs 1937-1942— 6 1.90 Del River Jt Comm Bridge % ? 2.70 to — 4s 1950 3.00 2.90 to 0.60 6 1.00 3.70 1.00 to 0.40 to 2 60 4s 1945 3.20 3.20 2 90 1.90 % 6 0.85 Altoona— 4Mb Water 1937-60—M&S 6 1.25 Bethlehem School Dist— 6 2.00 4s 1940—. 3.30 4.10 1.80 % to 6 0.90 Bridge 1942 —F&A 6 2.20 4s 1937-1958—.—M&S 6 0.80 2Mb Dec 1 1937-1965—J&D 6 0.70 3.00 3.00 3.20 2.60 2.10 3.30 3.10 2.80 137 101 to 4s 3 10 4.10 4Mb water 1937-52—A&O Martin's Fy 5s '37-'44--.M&S Miami Conservancy Dist— 5 Mb (1 to 5 yr mat'y) .J&D 5Mb (5 to 10 yr mat*y).J&D 5Mb (after 10 years) J&D 2.50 2.50 2.10 2.50 2.10 5s Harb Dev 1937-50-M&N 6 0.75 4Hs Dock 1943-..—M&N 6 2 .40 2 8) 2.85 3.10 280 dace are v.-' 4s 3 2 » Mahoning Yal San Dist— . 4.60 30 24 4Hs July 15 *37-39—J&J15 6 0.59 102 102 5sSewer Feb 1 1937-51 F&A 6 4.30 Lucas Co 4s 0 H 1944—M&S 6 3.10 JMb 1937-1940—...J&D2 6 3.10 to 2.50 5 3.25 6 1.50 2.25 Portland— to 2.40 4Mb 1937-1939 A&O 6 3.00 4Hs Oct 1945........A&O 6 3.30 5s Park & Imp '37-'41.A&0 6 3.10 Lima 5Ms Sewer 1937-1947— 6 4.25 Greenville 5s W W '58 Guilford County— -4Mb 1937-1957-..—M&N 6 1.50 3.90 3.00 to 3.40 High Point 4Mb 1937-48-J&J 5s Wat rterv 1937-1969 J&D 97 H 99 10 - East ..M&N 61.25 4Mb 1937-1940— J&J AHs 1942 to 1966 6s Water 1937 to 1945.J&J Durham County— 4^s 1937-1951 J&D Forsyth Co 4Hs ,37-f58-J&D Granville Co 4Mb *39..M&N to 2.50 r - 1939...M&S A&O 4Mb 1937-1970 4Mb 1937-1979— Durham— Mb 1941-1961.......M&S 6 3.40 5 Buncombe County— 5s 1937-1946—.A&O 4Mb Funding W 2.00 to 2.00 5s Road 1937-1939—M&N 6 0.50 Multnomah Co S D No. 1— 3.20 3.10 3.10 102 to 2.75 Cuyahoga County— s 5s 1937-1939.........A&O NORTH CAROLINA 6s Bridge 1937 Charlotte— 5 Mb 1937-1948 1.50 102 3 39 4Mb 1937-1953 4MB 1937-1955 s-a F&A 6 3.25 4sWat W '45 opt '20.-M&S 101 2&s 1940-1959 F&A 6 2.00 Columbus S D— 5s 1943-1952 ...J&D 19 63.30 2.80 2.90 to 2.50 4Mb Bridge 1937-1944-J&D 6 0 75 4 Ms 1949-1956—.—F&A 6 2.70 4s Bridge 1945-1955—J&D 6 2.30 2.00 M&S 6 3.40 6 3 25 Columbus— 6s 1949-1957.. 3.10 2.90 Multnomah Co— 1.50 6 3 50 1937-1959.........A&O 3.10 M&S 6 2.00 Water 1937-'47 Certificates of deposit.- ^ 2.75 3.25 to to 2.50 3.10 3.50 J&D 6 2.00 Eugene 5s 1942. 2.60 5Hs 1940-1970.......J&D 63.60 J937-1952. .A&O 5 Mb Jan 1937-1961—A&O 5s July 1961 2.25 2.60 2.90 2.20 Disti¬ to 1.20 Yonkers— & ref July 1 *43-'46 (School ls 1937 opt 1906—— M&S to 3.00 „ Astoria 5s 1953 J&D Certificates of deposit5 MB 1937-1949 —J&J 2 00 to 3.50 A&O 3.20 to 2.45 to 3.50 _ OREGON 2.90 2.25 1.00 — . 6 0 75 2Mb May 15 1937-1940 6 1.50 3Hs May 15 1941-1945 4Mb Highway 1937-44.A&O 6 0.50 4Hs 1937-1944 (s-a) A&O 6 0 55 4Mb H'way '37-49 (s-a).A&O 6 0.50 4s Highway 1937-42 A&O 6 0-50 4s Highway 1937-41 0 50 A&O 3.20 3.10 3.4C 3 30 3.60 — 3.20 2.00 3.40 6 0 60 6 0 60 15'37-*42J&J — 4.00 2 80 *19.F&A to 3.15 — 6s 1937-1960. 2.80 V -A&O 6 3.60 —A&O 6 3.50 —M&N 6 3.80 Youngstown— 6s Bdge 1937-41.. A&O 6 3.30 4Hs 1937-1957 —A&O 6 3 30 Youngstown School Dist— 4Hs 1944-47 -M&S 6 3.30 5s 1937-1944 —M&S 6 310 102 3.20 2Mb Sept 1 193rto 1956.. 2Mb Sept 1 1937 to 1976.. to gen 99 3g Water 1939 pp 1.00 2.00 2Mb 4.00 3 10 to 3.50 1.50 2Hs Sept 1 1943-49 4Mb 1937-19594Mb 1937-1956 5Mb July 1946 ...F&A 6 3.10 5Mb Wat & Pk '37-'49-F&A 6 3.10 5Mb 1937-1939 F&A 6 2.25 5s 1937-1947 F&A 6 3.10 6s Feb 1 1937-1939 6 2.25 3.70 4.00 6 4.10 3.40 3.30 3.25 Tulsa— 4.00 to 2.90 2.75 to 3 00 F&A 1937-1954 4.00 6 4.10 3.40 4Hs Water Works 1941 J&J 6 2.25 Okmulgee 5s Mar 15 1943--.. 6 4.75 101M 6 4.15 2.40 4Mb July 1943 ..J&J 2.80 4Mb Sewer 1955 ..A&O 2.00 4M.S Sew Sept 3 1937 M&S 3 4s 1937-1956. .....—-M&S 2.80 2.00 3.65s g Feb 1937—..F&A 3Mb Water '45 op '25-F&A 101 6 0.60 3 Ms Sept 1 1938-62 W]hite Plains— 6s Feb I 100 6 4.15 6 4.U0 ... 1942—.——J&J Js 1937-1959 (reg)-M&S Toledo School Dist— 5s 6 4.15 2.90 3.40 4Hs 1937-1954—M&S15 6 3.60 4Mb 1937-1953—..._M&S 6 3.50 4Mb Nov 1 1937-19536 3.40 4s Park July 1 1942 J&j 6 3.00 4Mb Aviation 1937-53.J&J 6 Oklahoma City— (See footnote *) M&S 6 3.40 2.25 5Hs Fund 1937 J&D 3.60 6sWater 1944-1959...A&O Canton School Dist— 5s 1954 3.40 ...A&O 4Mb Dec 5 1939-42 3.10 J&D 3.40 4.40s 1956 Cincinnati— 2.50 5Mb 1941.——M&S 5Mb Imp Feb '46-*51 ..F&A 2.80 2~25 2.00 J&D 1937-1944—-F&A 6 3.10 Muskogee— 6t 2.75 2.75% 5s July r 1965..—J&J 3Hs 1952-1963— 5s W W i" OKLAHOMA 3.80 Canton— 58 Sewer 1953 ^ Warsaw Union Fr S D No 10— 4Hs 1937-1942— Watertown 1.50 3.00 - 6s Pub Wharf 1960--M&S 6 3.80 58 Sewer 1949 ..M&S 6 3.60 3.60 3.80 3.70 • A&O 5Ms 1937 ...J&J 5 Hs 1938-1951 —_J&J 5s Water 1937-1953—A&O 4Mb 1937-1947 A&O 4Mb 1937-1952 —A&O 4Mb 1938-1956. A&O 4sWater Works 1942.A&O Allen Co 5 Ms 1937-50.-A&O Ashland 5 Mb 1937-44—A&O to 1937-'50-F&A 5Mb highway 1937-53-F&A * Akron 6s 1937-1940 to 2.76 Warren Co 4Hs 6 3.00 ...A&O 6 3.20 'V'! May 15 1937-1053 Jeanette 4Hs 1937-1956-M&S - 6 0.80 to 6 0.90 to 2.60 6 1.50 to 2.00 6 1.25 to 2 50 6 1.50 to 6 1.80 to 1945-. 6 2.00 McK'p't S D 4 Mb $7-43 M&N 6 1 70 Mercer Co 5Hs '37-,47--F&A 6 2 00 Norrlstown S D 4 Hs 1943-J&J 6 2.25 Philadelphia— 4* 1937—J&J 101 5s Jan 1951 4 J&J 123 4 H* May 1948 —J&J 116 4Hs Nov 1 1948 J&J 116H 2.40 % 2 00 6 0.80 Lacakwanna Co 4s 1944-F&A 6 2.80 Lancaster Co 4 Hs 1937-1953- 6 0.80 Lancaster 8 D 4s May 1945— 6 1 90 2.25 2.00 2.50 to 2.25 1 60 1.80 Lower Merion Twp 4s — '■ 1 : ;S®|: 1.75 Zanesville—5s City Hall & Market 1937-1939 M&S 6 3.00 Zanesville S D 5s '37-*43.A&0 6 3.10 to A&O 6 1,00 —A&O b 1.00 4Mb Feb 15 1937-1957 6 1.00 4MB 1937-1970 J&D 6 0.50 1.00 4Mb 1937-1965— J&J 0.50 -1.90s July 11937—.. — Imp f37-45-J&J15 Forks— 5s May 1937-1938 3.00 3.00 Summit Co— ' 1;' •: 3.80 .M&S 6 3.20 4s 1937-1955...—M&S 6 3.20 Springfd S D 5s '37-*39.J&J2 b 2.00 5Mb 1937-1940 b 2.00 4.20s 1937.— F&A 4.20s 1938-1949 -F&A 4.15s 1937-1950 M&N 4.10s 1937-1946 A&O 3.90s 1937-1948 F&A 3 Ms May 15 ,37-,51— M&N 150 to 3.40 to 340 ' 6 2.00 6 to 3.40 NORTH DAKOTA Grand : 6 1.50 J&J 6 1.50 4 Hs 1937-1973-- to 3.35 b 0.50 ' Springfield— 4Mb 1937-1949 4H 1937-1940 Tolodio ... 3.10 2.20 ..A&O 6 2.50 , 5s 2.20 to 1.90 6s 1937-1940 reg Wolcott 4Mb Jly % Winston-Salem— to 4Mb 1937-1950 )0s to 3.50 . May 15 1937-1938—— 6 1.00 4Mb 6 1.50 4Mb 1948-1959 5Hs 1937-1960 4Mb Pub -F&A F&A 6 3.50 to 4.00 % 92 Rutherford Co 5s '37-52..J&J 97 99 Salisbury 6s 1937-1941 .M&N 102M Transylvania County— Road & Bridge 6s 1949-50— / 35 38 Wilmington— 5s Ref & Impt 1955 3.50 A&O 6 3.75 4Hs 1937-1962A&O 6 1.50 to 3.60 4Mb Pub Imp 1937-60. J&J 6 1.50 to 3.60 to 3.40 — 4Mb Oct 1 1937 i 2.75 to 3.00 4Hs 1937-1957 A&O b 0.50 to 2.50 3Hs 1937-1951 P&A6 0.60 to 2.25 Sullivan Co 4Hs 37-'45_A&0 b 1.00 to 2.25 Syracuse— to 1.50 5s — M&N 6 2.00 1.50 % M&S 6 3.50 to 4.00 % J&J 6 4.75 4.50 % — 5s Fund June 1959 to 2.50 M&N b 1.00 M&N b 3.25 F&A 5s 1944-71 Steuben Co 4Hs 1937 Suffolk County— 1941-1951 3.60 % SsMunlc Bldg 1939—J&J 6 3.00 3.50 % 5s Impt June 1 1944..J&D 6 3.50 3.25 4Mb 1937-1967..—.A&O b 1.50 to 3.90 4s 1946-1950. M&N 6 3.20 to 3.50 % 3Mb 1951-1956 M&N 6 3.40 to 3.60 % Southampton— 3s 6 3.75 Raleigh-— Solvay 4Hs 1937-'40 F&A b 1.00 (T) 4Hs'37-'53-M&N b 1.00 3s 1952-1971 2s 1937-1956. 1937 M&N 4Hs 1943-1947 to 2.50 J&J b 2.25 b 0 .60 b 2.60 Somers 5s Newark 4 Hs 1937-41 2.25 to 4.20 4Mb 1937-1950—J&J 6 4.00 Mecklenburg Co— 6s Ref Nov 1950 Pitt County— to 2.30 Schenectady County— - Portsmouth City S D—- Ask Montgomery County— 5s Flood Emerg '37-42 J&D 6 3.30 2 2* to A&O h 0 50 M&S b 0.35 Bid Bonds Net , to 2 00 2J4s 1937-1955 Ask ■ '■ To Net or Lincoln Co— i 6s Bridge 1937-1951—F&A to 2.25 to Bid Yield Basis To Iredell Co 5s Aug 1 *42.F&A b 4.00 3.75 4Hs 1937-1950.—A&O 6 2.25 to 4.10 6 1.00 to 2.00 b 0.50 to 2.50 ■ 4Hs 1942-1958 6s Dec 15 1937-1943 ■i Yield Basis or to 2.00 to 2.80 2 00 . 117 H 117H municipal bonds issued since Jan. 1. 1913. are taxable* issues made prior and municipal bonds state 98 Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue To or 4s Jan 1 1946 4s Feb 16 1955 4s Nov 1 1966 4s July 26 1972 3 Ms July 1 1986 opt , 112 J&J J&J J&J —J&J J&J J&J J&J 1956- 114 Jackson 113M Sioux Falls S D— 5 Ms Dec 1 1940 116 119 _a _ 6 0.50 to is to 1.15 to 2.25 to 2.45 to 2.90 Carter J&J 4Mb Impt 1940-1945—J&J lork 4Ms 1937-1943 F&A 6 1.50 to 2.30 6 2.40 to 2.70 6 0.60 to 1.90 1M % Unempl Relief'38-M&S 1M% June 1 1939 J&D 6 1.15 1M % June 1 1939-43 J&D 6 1.00 3% Public Wks 1951-56-M&S 6 2.35 4s Charit Inst 1965 M&S 4s June 1 1977 J&D 6 2.50 0.75 1.00 % 2.30 2°55 '2.40 % 1.20 4Ms Mar 15 '37-73.M&S15 6 0.75 5s 1937-1942 A&O 6 1.00 4s 1938-1966 Newport— 4 Ms 1937-1939 M&S 5 Ms June 1 1937-1953 4 Ms May -1937-1942._M&N 4s May 15 1948 M&N 3 Ms g High sch 1954.J&D to 1.25 to 2.70 to 1.90 3.30 J&J J&D M&N 30 3.25 ^ 1.00 M&N 4s Water 1937 Providence— J&D 6 0.50 J&J A&O 4 Ms 1937-1959 4s Jan 1 1945 4s Oct 1 1954 to 2.65 % 1.90 4s Oct 1 1964 4s 1937-1950 3s 1944-1951 WPA School Loan— J&J 6 1.90 3s 1946-1965 Woonsocket— 4 Ms funding 1941 to 1.95 to % 2.40 61.10 to3~50 to 3.40 to 3.60 to 2.50 to 3.55 Nashville— 6s 1937-1942 5s March 1937-1960. 6s 1937-'59 J&J 6 1.00 2Ms Highway Oct 1 '45-'54— 6 2.25 6 2.00 Aiken Co 4 Ms 1937-1945 Anderson Co— Institu'l to 3.15 % to 2.75 % to 3.40 % 2.00 4 Ms Highway 1937 F&A 4Ms Highway 1938-43.F&A 6 2.00 Charleston—4 Ms Jan '62-J&J 105 4s Refg '38 (tex-exem) J&J 101M 100 Cheraw 5s *52 opt *32 July 1 _ to 3.40 Clarendon Co— 6s May 15 ,37-,40-M&N15 6 4.50 Columbia 5s Ref 1941.-M&S 6 3.40 4 Ms Water 1945 J&J 6 3.40 Greenville—5s St 1942...J&J 6 3.50 6s Water 1958 opt '38 F&A 6 2.50 3 Ms water ref 1939-76 M&N 6 2.75 Greenville Co 4Ms '40-'55.J&J 6 3.00 4Mb Highw 1937-1945.F&A 6 2.00 % 106 101M 101 Smith County— 5 Ms Fdg 1937-1958 % 1 1 3.25 % 3.60 3.10 % ; 3 25 5 J&J 5 2.75 % 2.80 3.00 z° 1.50 to 2.75 % 2.90 f Ms Road July 2 '37-'58J&J 5 Washington County— 5% Fdg Jan 1 1954 J&J 5 White County— 5M% Highway 1955—M&S 5 3.25 to 4.10 % 4.25 4.00 % 4.00 3.80 % 3.25 _ 2.00 to 3.25 M&N 6 3.80 J&J J&J J&J 4Mb 1937-1961 4Mb 1937-1953 4Mb 1954-1958 Beaumont— 3.60 5s Highway 1937-1946.F&A 6 2.25 Lancaster S D—5s 1941—J&J 6 3.90 6s July 1946 J&J 6 4.50 to 3.40 4.40 1.50 to 5 1.50 to 3.60 3.60 to 3 25 % 5 3.00 % v 3.50 % 2.50 5~O0 3.25 4Ms 1937-1970 J&J 5 2.00 to 4.15 100 4s 1942 opt 1922-....J&D A&O 1937-1939.J&J 6 2.00 1940-1965.J&J 6 2.50 to 2.25 Brazoria Co— to 3.60 6 3.25 6 3.75 3.00 3.60 6 2.00 Sumter Co 5s 1937-1952—J&J 6 2.00 lork Co 4Ms 1937-*50 J&J 6 2.00 to 3.25 6Ms Impt Apr 10 1956-1965 Cameron County— 4 Ms 1937-1942 M&S 5s Road Mar 15 1937-1957— Corpus Christi 5s fd '67-F&A 6s Water 1937-1959—F&A f 68 Dallas— 5s 1937-1960 M&N 5 3.40 3.25 M&N 5 3 40 5 3.00 325 2.7 5 4Ms Water 4Mb Water 6s Sept 1 1939 ..... 5s Nov 1 1943 Spartanb'g Co 4Ms'37-'47M&S to 3.60 to 3.60 SOUTH DAKOTA 3s Feb 1 1947 F&A 99 3.00 3.60 3.50 3.20 5 4.75 Apr 10 1951.. 1924 5s W W purch Apr 10 . 5s Fund 1951 opt '31—M&S 5s School 1955 opt '35—J&J 5s Impt Aug 1 4Mb 1937-1960 1948—F&A A&O f Flat price 3.50 3.50 ■ 2 00 3.25 to 3.50 80 82 80 82 80 M&N 1937-1940——-M&N F&A10 1937-1955 M&N UNITED 82 82 80 80 80 J&D -F&A 10 STATES—See 82 82 pages 18 & 91 UTAH 5Ms April 1 1941 J&J 4 Ms Road 1939 J&J is July 1 1939 -J&J is July 1 1937 Ogden 4M% 1937-1945—F&A Salt Lake City— 5s Refunding 1941---—J&J 4s Ref 1937-1945 A&O 6 1.60 1.50 6 0 90 6 0 90 0.80 0.80 6 0.50 0.30 6 0.75 to 2.60 6 1.60 1.40 6 0.40 to 2.00 A&O 6 2.15 to 2.90 M&N 6 2.50 2.35 Salt Lake Co 4 Ms Apr 1 1942 b 1 90 1.75 3 Mb 1937-48 —J&D 6 0.50 4Ms Oct 1 1937-1949—A&O 6 0 50 to 2.50 to2,50 4s Ref 1946-1965 Salt Lake City S D— 4s May 1 1949- VERMONT Middlebury 4s'41 op '21-M&N Rutland 4Mb 1946-48 J&J 6*3.05 to 3.10 3.15 % 129 4s (Commonwealth) 1962—— 3s Funded debt 1991 J&J 4mb ctf indebt 1937 J&J 3M % ctfs of indebt July 1' '39 2 Ms Refunding 1947—-60 J&J 1Mb Refunding 1937 -46 J&J Albemarle Co 5s 1948 J&J Alexandria 6s 1937-1956.A&O Arlington Co 5Ms *37-'54 F&A Bristol 5 Ms Sch 1937-53 J&J Charlottesville 5s 1962—M&S 58 Water Impt 1958 J&J » Danville—1 / 99 M 102 104 101M 101 6 Too" to 3.00 3.40 3.50 6 1.50 6 2.50 to 4.25 6 3.35 3.25 6 3.35 3.25 to 6 2.25 2.00 4Mb July 1 1939-1950--J&J 6 1.50 1945—F&A2 6 3.00 Henrico County— School 5s 1937-50 J&J 6 1 00 6 2.90 4 to 3.15 4Ms Ref Aug 1942—-F&A 2.75 Fairfax Co 4Mb Lynchburg— 4M8 Pub Impt 1939 to 6 1.50 Newport News— 4Mb 1948-J&D 4Mb Feb 1953— F&A 4s8treet Nov 1 1941--M&N 1.00 2.30 6 2 50 6 2.60 4s Pub Impt 1939-1959.J&J 6 1.50 2.40 to 2.60 6 3.25 3.10 3.15 6 3 30 6 2.25 90 92 62 2.00 Norfolk— 6 2 00 4M% April 1941-47 5% Water May 1952— — 5% Port Terminal May '52. b 3.80 5M% School Oct 1961 Petersburg 4Mb 1952—A&O 6 3.60 3.25 2.75 J&D J&J 4Mb Pub Impt 1946 J&J 4mb Water 1951 —J&J 5 3.50 2.50 2 75 3.00 3.25 100 4.25 100 100 5 4>25 5 2.50 4.00 to 4.25\ to 3.00 % 2.90 2.90 3.00 3.50 i Portsmouth— F&A 5Ms 1951 6 3.90 4 Ms Impt Oct 1 1942.-A&O 6 3 00 4 Ms Sch and Sew 1938-J&J 6 2.50 4 Ms 1937-1954 J&J 6 2.00 5s Water 1948 J&D 63 60 Richmond— s 1949 s 1958 f 5 4.50 tm -—--J&J J&J July 1 1964.—...J&J s July 1 1941 J&J .Ms July 1 1965 J&J 4b 1938 to 1943 J&J 4s 1941---. J&J 4s Elec Light 1942 J&J a 4s ft Basis. V:': :<■ 75 ^ 1950—A&O 3.60 —F&A 6 3.75 3.75 75 5s Vlad't & Bridge Feb 10 1954 opt El Paso— 3.50 3.50 3.50 / 71 / 71 4Ms July 1 1937-1949—J&J 4M 1937-45 M&N 5 3.25 4M 1946-65 M&N 5 3.25 4s School 1937-1951...J&J 5 3.25 Dallas Co 4Ms 4.50 % ( 4MB 1937-1970 6% Rural Credit '37-40.-A&O 6 1.00 to 3.00 % 5s Sept 1941 M&S 3 20 5s June 1 1937-39 ...J&D 61.00 3.00 5s Jan 15 1937-'40 J&J15 61.00 3.00 5Ms Jnn 15 1943 J&J15 3?50 4Mb Rural Credit 1939—j&J 4ms Rural Credit— Due May 1 1943-'50..M&N 6 3.20 Ref 4s Aug 1 '43-'49—F&A 6 3.20 3Ms 1943 to 1946 F&A b 3.00 '■ Ms June 1 1957 > 5s 1940-1965 i 3~25 5 5s 1952 opt '32 A&O 100 5s Water Works 1954.M&S 5 3.75 5s 1937-1939 A&O 3.80 to 101 100 Austin— 5s 1937-1942—...—J&J b 1.50 to 2.75 % 5s SchBlg&Hos *52op'32J&J 100 to 3.35 to 3.40 3.50 6 3.75 J&J 6 3.75 - 98 96 Abilene 5s Feb 15 *59-'65-. Amarillo4Mb '37-58.M&S 15 3.30 3.50 3.60 6 3.60 6 3.75 VIRGINIA TEXAS 3.25 6 3.60 6 3.75 1,50 to 3.90 % Tipton County— 5.00 Greater Greenville Sewer Dist -M&S 6 2.00 5 4M% Jail 1940-1951-M&S 5 to3.15 % 4.25 101 % 1.00 to 2.75 % 1.00 to 3.00 % 1.00 to 3.00 % 1.00 to 2.60 % 4.75 % 5.25 J&D A&C M&S ;. 4Ms 4 Ms 1937-1960 4Ms 1937-1946 103 M 107 2.80 3.00 2.90 3.00 1.50 to 3.00 1.50 to 3.00 Robertson County— 4Ms Road 1948. —.F&A 5 5b Aud Mkt H'se '49 100 5s Feb 10 1960 s 4s Courthouse 1957 Dist No 2 1943-. 1937-1968 3.10 % 1.50 to 3.10 2.80 3.00 4Ms Hospital '37-56—J&J M&N J&J 4 Ms 1937-1948.——M&S to 3.15 % 64.50 1950 5Ms 105 102 103 Shelby County— 6 2.15 6 2.00 3.25 3.00 6 3.25 Wichita Falls— 103 104 - Polk Co 5s 1937-1946 to par 6 3.40 3.20 J&J 4 Ms 1937-1968 4 Ms 1937-1967 1 6 3.10 6 0.65 5s sewer 1937 J&J 6 2.25 5s Water Works 1942—J&J 6 3.50 4 Ms Water 1937-1968-J&J 2.75 101M to 3 40 M&S Sept 1937-1959 Waco— to 3.25 3.70 3.15 2.00 3.10 2.50 6 3.25 4Ms Oct 10 '37-'59-A&OlO 6 3.75 92 89 100 6 2.25 San Antonio S D 5s '56--F&A Tarrant County— v 3.25 A&O 5 1.50 to 2.50 -M&S 5.1.00 to 3.10 5s Memorial Sq '37-50-M&S 5 1.00 to 2.80 % 1.50 % i 1.60 4 Ms High Sch 1940 J&J % ?90 i to • Montgomery Co—5s Cumber¬ land River Bdge 1953.F&A 5 1 SOUTH CAROLINA Marion Co— 4Mb 1937-1941 Spartanburg— 5 2.00 Water 1937-1962-J&J Water 1949— J&J Park 1959 A&O 1937-1955-J&D 4s 1937-1954 M&S 2J90 A&O 8Mb Refunding 1940-55 4Ms ctfs indebt '39-'53__J&D 4Mb 1967 Kershaw Co— 4Ms 1937-1967 4Mb 4Mb 4Ms 4MB 2.65 % 6 1.10 5s 1937-1942 M&N 6 1.15 5s Funded 1937-1959—A&O 6 1.15 4s 3.25 5s River Term '37-'48-A&0 2 65 to 3.60 4a Funding 1947 5s St Impt 5s '51 M&N 6 3.50 Memphis 5s July 1954 to 2.40 % 6 1.25 6 1.10 M&N 4Ms 1937-1967 J&D 4 Ms Funding 1944 M&N 4MB 1937-1967 J&D 4Ms June 1937-1967—J&D 3.50 100 M Refunding 4Ms Jan 1 1958101 Refunding 4 Ms Jan 1 1958102 Refunding 5s Jan 1 1958 104 Refunding 6s Jan 1 1958 100 M General Obligation 4 Ms101 General Obligation 4 Ms General Obligation 5s 101M 105 Funding 5 Ms Sept 1950 5 3.90 Water 4 Ms Madison County— 1.50 4M% Highway '37-*49 J&D 2 60 2 65 J&D 6s Fund 1937-1961 County— /; 2.60 J&D A&O J&D 6 0.50 J&D 61.40 5 3.75 5 3.50 4Ms 2.55 J&J M&N2 4s July 1956 4s May 2 1957 4s Water 1962 4.25 ■ Ref 1937-1948—.J&J 2.25 3".l6 , 87 4.25 4 Ms Bridge May 1 Knoxville— 6 0.50 2.50 to 2.75 5 4.75 Knox 6 0.50 3.75 5 4.50 to 2.35 Pawtucket— 4 Ms 1950 4 Ms Sewer 1952 4 Ms School 1954 4Ms 1.00 85 4.75 100 J&J 6 3.25 1937-39(s-a).J&J 4Ms Impt 1940-55(s-a)_J&J 4 Ms 1942-1947 Ind Sch D 3s *37-'66..F&A Houston S D 5s Feb 1952 4 Ms 1937-1951 J&D Palestine 5s Sch Aug 1 1939, 1944, '49, '54, '59, '64— Port Arthur— 5a 1937-1970 F&A San Antonio— 5s 1937-1953 M&S 5Ms W W 1937-65—M&N 5s Sept 1937-1953 M&S 3.75 '39.J&J 5 4.00 to 3 40 6 0.50 375 3.75 County— Johnson City— 5 Ms Impt 1937-1946—J&D / to 2.90 6 5 00 3.15 4M Impt ' v 5% Co Memorial '37-'50J&J Dyer Co ref 3 M-4 Ms 1965 Fayette County— 4Ms Road 1958 ...J&J Gibson County— 4Ms, 1940-1958 Hamilton County 4M% Refunding 1957.A&O 5% Bridge 1944 0.75 J&J J&J 100 100 4M Oct 26 '38 op '28.A&O Jackson— Cranston— 100 3~.l0 4Ms 1937-1957 ' 3.25 4 Ms Road Apr 10 '37-'60— 6 3.30 Houston— 58 Sewer 1939 M&N 6 2.50 100 5s Ref Oct 16 '41op'31.A&0 4Ms Sept 1937-1952-M&N 6 3.25 2.50 Davidson County— 4 Ms Highway 1947—J&J 5 2.80 to 1.46 % to 6 3.25 90 • 4 Ms Road 1947 opt ISLAND 5Ms Road 1937-54.A&0 10 '17.A&0 4Mb Apr 10 '37-r56.A&010 91 to 2.90 4 Ms 1937-1940 to 3.75 2 00 Harris Co 4s '47 op 3.00 4Ms School 1956 A&O 5 3.85 4 Ms Memorial Aud '52M&N 5 3 85 5s Hospital 1954 —M&S 5 4.00 Wilkes-Barro— 3.00 2 .25 > Grimes County— / 87 Chattanooga— Cocke 4s School 1937 5 3.10 5 3.00 5 3.25 5 2.65 3.25 i A&O County— Jan 1 1959..J&J / 85 6 1.50 6 1.80 to 5s Bd Apr 10 *51op'31 1.25 1.50 2.60 2.90 2.85 5 1.75 5 2.75 5Ms road— 6 1.50 Scranton School District—■ 4 Ms 1937-1956 5 1.50 3.25 3.60 to ► 4Mb Grad &c '48op'28 J&J 4 Ms Grad &c '49op'29A&0 2.35 1.25 5 1.50 2.50 2.50 Galveston County— :2.75 5s funding J&J 6 1.50 4s 1937-1938 2.25 2.30 5 2.85 5 2.45 4Ms Jan 1 and Feb 15 1939— 4Ms Jan 1 1939 4 Ms Dec 1 1939 6s July 1 1943 6s April 15 1946-47 4s 1940-1955 4 Ms 1940-1967 Bridge 4 Ms 1944-1945 2.40 2.70 to 2.90 to 1.80 F&A M&S 5s 1937-1950 b 2.40 5 2.50 _ Sept 1 1946 to 2.90 '37-'41—F&A RHODE Sept 1 1944 Net 3.75 4.00 F&A 6 4.10 Galveston— 5s Grade Raising 1944.A&0 5s School 1937-1954 M&S 5s 1937-1956—A&O Is Sept 1 1945 3.90s Sept 1 1955-1958 3s A&O 6 4.10 -J&D 6 4.10 6 4.10 JF&A 4s Refunding 1941 J&J 6 3.50 Ind Sch D 4s '37-'64-F&A » 1.00 J&D 5 2.50 Ask A 4Mb 1937-1964 TENNESSEE 107 M 106 M% 1937-1953—-J&D Reading 5s Impt 1943r49-J&J 6 2.50 Schuylkill County— 4Ms 1937-1955 -J&J 6 1.50 4 Ms 92 Bid 4Mb 1937-1971 108x4 4s 1937 to 1939 J&J 2 Ms July 1 1937-'56—J&J 6 0.50 Public Works Relief— 6 0.60 4 Scranton Fort Worth— c 5s 1951 i 5s 1937-1959 ; 120 M 6 0.50 J&D ; 75 fd '37-'47 J&D Stanley Co 4 Ms fd *43-'48 J&D Phihidelphia School Dist— 4 Ms 1937-1943 J&J 6 0.75 to 2.00 4 Ms 1941-1959 _M&N 6 2.00 to 2.65 4M» Apr 15 1939-58. A&015 6 2.00 to 2.65 4s 1937-1942 J&J 6 0.75 to 2.00 4s 1937-1956 J&D 6 1.00 to 2.65 Pittsburgh— 4 Ms 1937-1950 98 To or Bonds Net 92 Perkins Co 4 Ms us* Ask Co— 4Ms fund 1937-'47_M&N15 >4 iosm 108 To or Bid Bonds Net Corson Co 5s fd 1937-'47 M&N Philadelphia (Concluded)4^s 1976 opt 1946 4 Ms Dec 17 1978 4s July 1939 4s July,1942 Ask Yield Bart* Yield Basis Yield Basis Bid Bonds JfeJ 1943 t Optional to Jan. 1 1938 at 105, 1943 at 104, 1948 at 103, 1953 at 102 and 1958 at 100. 3.75 2.50 2.00 to 3.80 /o 3.50 % 2.80 22.80 2.80 2 75 2.75 2.70 2.70 2.70 2.70 STATE AND MUNICIPAL BONDS Quotations for all securities are as near as possible for the closing day of the month preceding the date ofl or or Bonds Bid Bonds Ask Bid Bonds Ask Charleston S D— 6s 1937-1952 Roanoke— 434s Street Impt May 1940 4Ms Pub Bldg 1941—M&N 4 Ms Pub Bldg 1944—M&N 4 Ms April 1952 A&O Staunton 5s 1937-58—-M&S Tazewell Co 5s 1937-46—J&J Morgantown 5s 1937-48—J&J 5s school 1937-49——J&J Wheeling— 5s Wat Wks 1937-52—J&J WASHINGTON ; J&J Clarksburg 5* 1937-1953. A&O Clarksbg SD 5s '41 op '21M&S Hancock County—5s Grant Road Dist *46 opt '32.M&N Huntington 5s 1944——— Oct Mercer Co 5s '44 op '24 A&015 Washington County— I ssue Yield Basis Yield Basis 6s Gen Fund 1937-1940—J&J WISCONSIN 434% Gen oblig 1937-1943J&J 4% Gen oblig 1948-50 3M% Gen oblig 1950-51 3M% Gen oblig 1951-52 Clark Co 534s '52 opt '33 A&O Refunding 6s 1953—M&N Eau Claire 414s W W '37-*44 Green. Bay—• 4 Ms 1937-1947 A&O 6s W W 1937-1960—M&N Madison— 4Mb 1937 .J&D 4hB 1938-1949——J&D Milwaukee—5s 1937-'40.-J&J 5s July 1937-1940 J&J 4Ms 1937-1939 —J&J 4 Ms 1937-1945 J&J 4s 1937-1944. .J&J Milwaukee County— 4 34s Ct H'se'37-'50 M&N 15 434s Sew Mar 12 '37-'45 454s courth'se '37-49 J&D16 ■ Racine—4 Ms '37-'57.—M&N 6s 1937-1941 F&A Racine Co 5s 1937-1940—J&J J 434s 1937-1950-— J&J i Superior 4 Ms Sch '37-'44.J&J Wood Co 5s 1937-1938—A&O I Everett— 4 Ms Gen oblig wat.1937-59 lifiVPBllP • rn m»m m 534s Water 1937-38.M&S Water ref 1937-45 354s Water ref—.1937-39 254s Water ref— .1940-42 King County— 4 Ms Bridge 1937-38—M&N J454s Bridge 1939-49.M&N 434s 1937-1950 M&N Pierce County— 5s 5s Sept 1, 1937 w454s 1936-1944 Port of Seattle 5s '37-'55 M&S 4 Ms Jan 1937-1955 J&J Seattle— 6s 1937-1941 L & P...A&0 534s L & F 1937-43-.M&N 58 Light & Pow 1942-56A&0 4M Lt & 1Y 1939-'58 M&N „ WYOMING 4s Road 1951 opt 1941—.A&O < Natrona Co S U No 2— os 1937-1944 J&J 5, Basis Insurance Stocks Quotations are as Par Capital near as t Surplus June 30, 1936 possible for the closing day of the month preceding the date of issue Unearned Premium Reserve Par Capital X Surplus June 30, 1936 Unearned Premium Reserve share 102 50 .. 27 M 86 23M 38 100 12 13 76M 3134 36 5654 31M 9 101M 665 425 21M 2854 a Holding company, d Amortized values for bonds, for security holdings and includes special reserve. k Last sale, n Nominal. Net stock. * No par value, t Surplus reflects actual market Ax V '•V m. •' ' -•. • Banks & Trust Companies NATIONAL BANK STATEMENTS STATE AND nm Quotations in this department are given per share, not per cent, except for stocks of Canadian Institutions, and are possible for the closing day of the month preceding date of issue, though often are nominal. An asterisk (*) denotes as near as sales. Figures of deposits, capital and profits for the National banks from the Comptroller's last call; for all other insti¬ are tutions they are the latest obtainable, direct returns being procured by us where no periodic statements are the Clearing House banks of New York, deposits are taken from the latest weekly statement. National Banks June 30 ' State ALABAMA Surplus A Profits. Capital. Institutions June SO National Banks A June 30 v lALirURlllA Cross Par Deposits. Capital. Bid. June 30 Cross Surptus A Profits. Deposits. Nomi nal Nom1 nal. Per Birmingham— Tr A Common /3.000.000 3.095,529 89.635.864 Preferred share, 13,826,219 2.208,506 3.000,000 1,000,000 Bk d Los Angeles— - California Bank— Industrial Say Bank. First National Bk— Common Preferred 225.000 421,662 172,355 WesternTr & 8av Say V _ Per • Farm A Merch Bank. Common Preferred Long Beach— share. Bank for Savs.&Trta. Blrm'ham For State Institutions P A I II7ADMIA - required. Citizens Nat Trust A __ 6.000.000 4,175.000 107,963,784 Farmers A Mer. Nat- R.non.nno Seaboard Nat Bank. 1,200.000 5,068.220 121.469.134 717.213 14.965.513 Bank Savings Mobile- Secur-First Nat Bk— First Nat Bank Common Merchants Nat Bk.. 24.000.000 128204995 541,390,525 11,500.000 2,500.000 1,927.793 37.893.902 ...... Preferred Amer Nat Bk&Tr Co Union Bank & Trust. Oakland- Montgomery- 750,000 250.000 Common Preferred 17,557,372 100,000 100,000 1,721,054 36,635.014 9.320.139 1,553,228 Central Bkof Oakland 64,146,400 Farmers A Mer Say 300.000 3.545,294 Alabama Nat Bank. First Nat Bank— 211,858 Pasadena— Selma National Bank Selma Tr & Say Bank 695,242 15,280.158 Security Nat Bank__ People's Bk & Tr Co. 4.714.773 250,000 I 750.000 150,000 300.000 First Tr A Sav Bk— Common Preferred Selma— City National Bank 476,287 Pasadena-First N Bk Common......... Preferred 300.000 Citizens Coral Tr Ac 8 Union Bk & Tr Co— 400,000 dl20,000 < 200,000 d350.000 171.178 59,471 197,790 115.151 2,307,301 1,452.266 1,526.730 1.474.709 1.398.664 3.225.017 Sacramento— Capital Nat Bank 28.447.887 1,296.481 4.843,559 1,089,505 Citizens Bk of Sacra. Merchants Nat Bank Sumitomo Bk of Cal. - o cent les SanBernardino— 109,223 3.215.580 289,178 25,582,772 624,370 American Nat Bank. 11.637,700 Ban Diego— First Nat T A 8 Bk_ 4H K,- • . San Diego Tr A 8 B National Banks June 30 Common. Institxui. June 30 State ARIZONA ....... . Preferred mm share Anglo California Bank.... 15.400.000 6 800,000 National Phoenix— Bank of America Nat Bank.. Valley Nat Bank— Common Preferred Tucson- : 25 ' u,758 152 7,665.072 8,361,880 311,089 9,000.00(1 1,000.000 8,481,740 224.052,008 5,466,255 291,830 105 7.500.000 7.600.000 16,143,475 600,000 822,569 9.539.404 Commercial Nat Bk. i Nom inal. Port Smith- Per 300.000 600,000 600.000 300.000 200.000 282,101 92,349 31.301 3,018,100 7,496,036 4200,000 73,991 1,611,924 500.000 219,600 9.864,707 Preferred Stockton— 500.000 100.000 8,451,488 3,127,557 924,554 25 20 .'.v'v.V: 8,761.849 'v; J 20 re cent sa les W B Worthen Co— 125.000 Common Preferred A PreferredB. w- 45# 50# 51# 250 275 t W1 1 I 1140 1 1• 1 • 200,000 10.406,731 2,289.302 1 4,730,307 1.000.000 375.000 • • "•'/ N o re . cent sa les * © I 20 290*755 44# Sale price. a 25 N 300.000 I 200.000 ,: := First National Bank. Stockton 8 A L Bank Union Safe Dep Bk. 25 1 Twin City Bank Union Nat Bank— ComfflOD...,.,.. Preferred share. 100 100 9.617.041 121,782 437,597 570,129 Little Book— Nat'l Bank. 310# 315 258.954.016 ...... First National Bk— Peoples • o> 'mm'i'L'eb 300 325 13,200 14000 Common......... June 30 r Commercial Nat'1 Bk • "190"* ; San lose-* First National Bank. Santa Ana— State Institutions ARKANSAS 1 City National Bank First National Bank Merchants Nat Bank 196 American Tr Co— Common. v > 24 23# 591.542 1.300.000 6.000.000 6.000.000 1.000.000 Preferred,,.,. National Banks June 30 mmm- 80 135 194 1.316,51 187.94 1.500.000 1,000,000 Pacific Nat Bank Wells Fargo Bank A Union Trust Co.. Yokohama Specie Bk Sou Arlsona Bk & Tr m 50,600,000 52,095.130 1212014 790 .... Bank of Montreal Canadian Bk of Com Crocker First Nat Bk The San Fran Bank. Phoenix Sav Bk & Tr m 8an Francisco— Bank of Calif, N A.. Bank of Amer Nat Tr A 8avs Assoc..... First Nat Bk of Ar»*. 60 4,946.155 198,071.951 8,312,183 106.468.514 37,835 Miners A Merch Bk. Phoenix m 125 98,641 United States Nat Bk Bifl bee- 102, m'mm 6,910.935 2.602.249 Security Tr A Sav Bk Nomi nal. 100 Outstanding preferred stock consists of $1,200,000 1st pref. of $20 par and $700,000 of 2nd pref. stock. ■!, •• value and retirable at $50 a share, of San Francisco, Calif, in December, 1936, interest in the Central Bank of Oakland at b The Transamerica Corp. purchased the controlling Oakland, Calif. ] 300.000 f 250.000 J 231.231 12.548,662 ( 50 60 c lioo ■ March d Common and preferred stock outstanding. Savings deposits. e \ 4, ~ 1930. f Directors of the California Bank of Los Angeles, Calif., authorized the a $1,000,000 dividend, payable Dec. 30, 1936 in common $1,000,000 of its prefer red stock. i declaration of Pine Bluff— / Nat Bank of Comm. Oommon.....,., Preferred Simmons Nat Bank. |H A 60.000 1 42,668 50.000 400.000 713,268 1.872.575 1100 V100 100 10,974,827 stock and the retirement of g Quotation for the San Diego First National of the stock of the First National Trust A Savings 300 350 i Oct. 15.1936. I Last sale price, p Par value 100 n New stock yen, \ Co , which controls 97% Bank of San Diego, Calif. ■■ At • JAN., 1937] AND BAMS f See CANADA IiPage TRUST National Banks June 30 ] 111 Jt. 101 COMPANIES State DELAWARE Ore Surplus A Profits. Capital. MSr COLORADO Surplus A Profits. Capital. Wilmington— Gross Deposits. Par. Bid. Ask. WW i 50.000 141.615 100.000 100,000 300.000 300.000 315,142 368,008 share. S Central Nat Bank... Farmers' Bank..... Industrial Trust Co. Union Nat Bank.... Delaware Trust Co.. Equitable Trust Co. 210,000 316,441 500,000 3.345,826 946,262 625.000 683,086 203,175 1,000,000 < 675.437 1.500,000 <2,641 423 672,600 821,142 4,000,000 11,376,066 Security Trust Co... Wilmington On . l.ef4,046 1,695,714 19,141,714 2,118,498 3,802,460 % 260 25 42 90 160 78 > 195 275 25 100 25 8,591,469 15,527,629 8,584,548 48,121,232 Ask. Nomi not. Per share. 120 130 June 30 Per r Colorado Spgs. Bid. Par. Deposits. Institutions State Nomi nal. Colorado SaV Bank.. Institutions June 30 60 50 I 200 290 100 Colorado Spgs Nat B Common Preferred class A.. Exchange Nat Bank. First National Bank. Denver— American Nat Bk— Common........ Preferred.. Central Sav Bk A Tr Colorado Nat Bank Common Preferred Colorado State Bank Denver Nat Bank— Common...... 41.501 2,107,514 (100 1100 7,218.077 100 8.775,176 100 407,591 7,224.021 f 69,504 4,277,498 i 50 100 1,000,000 11,021.745 1,200,000 37,431,936 100 250.000 \ 250.000 350.000 ........ National Banks June 30 50 Washington— 100 80,299 1,523.003 700.000 11.351,395 Preferred 700.000 First National Bank. 1.500.000 2,370.145 32.465 National City Bank a 100.000 9,205 Union National Bk a loo.ooo U S National Bank.. 550.000 1.947,008 600.000 1,607,940 International Tr Co. 29 865,938 50 58,645,689 L 50 100 50,000 O -'s ' .... _ cent les 887,540 519,988 "loo 26,032,967 100 15,253,909 100 141,262 19,210,476 1.635.949 100 100 n60,50l 5.004.501 1,275,794 500.000 30,000 Mlnnequa Bank.... Pueblo SaV & Tr Co Common........ 100,000 I Preferred 200.000 250,000 100,000 . . Secur Sav A Com Bk Amer Secur A Tr Co. a600,000 3.400,000 Nat Sav A Tr CoCommon Income debentures 1100 National^Banks CONNECTICUT State^Institutions National Banks Nomi nal. Per share. Bridgeport500,000 1,600.000 alOO.OOO 2.000.000 200,000 Common .... ATr.. Bridgep't Oit: i'r Co Fairfield Trut Oo__- 173.744 1,286.662 22,972,160 2,283,681 14 13K 20,662,209 59,468 948,288 131,600 & 7H m 25 25 "39"". 38 45 48 10 10 20 100 100 -m-mm 12 10^ 170 200 32 125 100 6,500,352 9,875,081 4.591.219 10,421,763 3,003,808 25,222,966 200 200 mm rnmmm OU 100 100 100 89,100,762 (100 128 132 210 132" m — mmmmm 315 237,897 4,403.605 101 100 100 7,463,481 6,927,671 47,552.658 35 05 280 290 130' 150 80 95 250 300 100 16.353,221 (100 5,365,334 9,798,891 24,733,613 100 100 100 ..... ..... ... 95 ..... State Institutions FLORIDA June 30 First Nat Bk&Tr Co 317,819 1,000,000 II,552.374 700,000 2.000,000 1,260,555 2.000,000 888,144 1.000.000 2.170,849 Union Trust Co.... Wash Loan A Tr Co. 125 100 1,732,737 6,832,705 4,832,896 2,933,374 21,287,385 100 1.500,000 a600,000 Munsey Trust Co- Preferred Black Rock B' 500.000 a Second Nat Bank... (100 53,891 130,486 513,773 224,938 673,685 282,571 745,461 158,519 510,440 196,711 150,000 a 1,000,000 500,000 Lincoln Nat Bank 400.000 McLachlen Bkg Corp a 350,000 Nat Bank of Wash. Cl .050.000 Nat Capital Bank... 200,000 Nat Metropol Bank. 800,000 I,622,954 Riggs National Bank Common......... 3,000,000 L3.900.150 Liberty Nat Bank. Nomi nal. Per share. .. Anacostia Bank City Bank Columbia Nat Bank. Bank of Oomm A Sav Hamilton Nat Bank. i Preferred........ Pueblo— First National Bank. DIST.OF COLUMBIA June 30 • Nomi nal Jacksonville— Atlantic Nat Bank.. 43,000,000 Barnett N B of Jack. 1,500.000 Florida Nat Bank... 01,500,000 879,068 976,171 700,085 41,314,703 23.410,225 28,934,822 10 100 25 LakelandFlorida Nat Bank... 0 115,289 1,335,147 60,000 506,398 30,40l",368 J 00 59,120 223,163 ino 100,000 256,080 40,179 5,452,972 1.125,394 100 300,000 304,529 10,468,021 100 ? share 25 Per 100.000 10 H AW 145 150 19 21 North End Lbk A Tr 25,000 125,000 Common........ 1st preferred... 1.209.903 — Amer Bk A Tr Co 206,697 1,230,449 k 200.000 1,200,000 100,000 f Florida Nat Bk A Tr 0 400,000 (100 First National BankFirst Trust Co. 1100 165,000 100,000 Common Preferred f 25 51,829 25,000 2nd preferred West side Bank- Miami— (25 Little River Bk A Tr Miami Beach First 1100 National Bank 100 125 110 150 125 25 "155" 140 m 145 Hartford— Capitol Nat Bk A Tr Conn River Bkg Co. First National Bank. Glastonbury Bk 8c Tr Hartford Nat Bk & T Industrial Bank Phoenix St Bk & Tr. East Hartford Tr Co Hartford-Conn Tr Co Park Street Tr Co— Riverside Trust Co. . Slmsbury Bk A Tr Co SoEndBkATrOo— Common........ Preferred. Travelers Bk A Tr Co West Hartford Tr Co Windsor Trust Co— 300,000 176,155 160,000 988,088 1,150,000 798,263 100,000 112,000 4,000,000 14,106,122 100,000 268.041 1,600,000 1,681,526 100,000 135,788 4,000.000 <3.592.939 100,000 128,118 250.000 160,954 125,000 108.507 50,000 I 50,000 500,000 200,000 100,000 56,050 693,670 218,000 121,025 2.702,306 7,016,591 16,678,090 1,467,168 58.046.118 247,280 31,450,961 1,646,597 * 059,873 2,637, >3 2,709,338 1.756,401 25 80 100 50 10 100 100 25 31 OrlandoFirst Nat Bank— 70 33 28 Preferred Florida Bank 450 115 Common.. 60 30 280" 77 25 25 40 649,306 / 25 1100 10,275,571 100 2,597,947 100 25 1.423.619 112,653 4,791,768 100 300,052 142,400 4,743,438 100 2,997^,113 100 50,000 200,000 15,193 29,486 756,889 1,806,035 100 100 200,000 American Nat Bank. Oit A People's Nat Bk 65 12 25 J 116,386 800,000 200,000 0 216,363 5.442,162 ?5 3,900,802 r 20 I 20 ...... mmmmrn Pensaeola— 30 25 120.000 80,000 100.000 .... 100 105 St. 55" Augustine— Exchange Bk St Aug St Augustine Nat Bk h St. 125 125 Petersburg— Florida Nat Bank 0 150 TampaExchange Nat Bank. Merlden Nat Bank.. Merlden Tr A 8 D Co 500,000 150.000 100,000 Puritan Bk A Tr Co. 150.000 343,370 28,366 104,370 30,215 5,740,538 1,323,525 5,752 1,342.467 100 20 15 180 25 15 25 25 1,250,000 395,894 150 629,124 135,018 14.398,434 15,388,094 1,411,146 100 First National Bank. al,500,000 First Sav&Tr Co 500.000 Merlden— Home National Bank 105 125 23 82 100 100 75 West Palm Beach West Palm Beach At¬ lantic Nat Bank d Cent Farmers' Trust. 70,250 227,744 2,583,851 4,357,523 100 100 90 175 95 90 22 20"" 100,000 250,000 mmmmmm mmmmm mm mmmmmm No# Haven— Amer Bank A Tr Co. First Nat Bk A Tr Co Common Prior preferred Oonv preferred.. 250,000 a 630,000 630.000 920.000 . New Haven Bk NBA New LondonNat Bk of Commerce New London City National Bank... Union Bk A IV Co.. ...... Preferred........ Colonial Trust Co... Waterbury Trust Co 34 f 50 71 74 875,839 11,587,163 50 70,420 2,853,758 (100 953.094 13,640.239 100 457,455 4,465.965 State Institutions GEORGIA • , June 30 ■* Nomi nal. Per share Atlanta- 100 7,777,413 I 60 "85" 100 85 135 56,079 184,968 34.550 2,639,317 1,644,701 658.629 111 100 100 100 650,000 200,000 388,378 136,581 3,025,556 1,687.931 25 100 American Sav Bank. 200,000 Citlx A So Nat Bank. r5.000.000 Pint Nat Bank..... 5,400,000 114 o 1,000.000 Preferred 500,000 Ga Sav Bk A Tr Co.. al ,000,000 Trust Co of Georgia. *2,000,000 • les 19 100 110 10,768,673 100 160 100 100 *165" '2V 45 182,400 2,307,121 31,283,622 (100 1100 3.364.913 100 22,926,335 100 sale price. ' 835 ^ ' Includes preferred stock or debentures outstanding. Marcfc c *, 165 325 165 - price, 1936. d Member of the Atlantic s 11,073,337 5,315,386 8.781,552 690.946 | t Branch of Savannah. a b Retirement 1,000,000 1.287.135 200,000 i 651,481 700,000 <1,071,111 100 tio 10 iv. re cent sa 103,172 570,000 2,434,609 82,322,792 4,343.758 103.756,087 Fulton Nat BankCommon........ 1100 350.000 800,000 i 282,500 / a National Banks June 30 | 45 llOO N Water bury— Citlx A Mfrs* Nat Bk Common, j. 110 31 534.166 800.000 NorwichThames Bk A Tr. Uncas-Merch Nat Bk Waterbury Nat Bk— 100 .458,700 < ... Fidelity TitleATr Co Stamford Trust Co.. 27,730.447 100 (50 170,000 I 180,000 Preferred UnANHavenTrCo Stamford— First-Stamford Nat'l Bank A Trust Co. J < 897,227 2,237 920 800,000 I 100,000 750.000 Common Preferred Second Nat Bank Trademen's Nat Bk Common Winthrop Trust Co.. 198,480 Group in Florida. Affiliate of the First National Bank of Atlanta, Ga. /Dec. 31, 1935. § Member of the Florida National Group. h Affiliated with the Barnett National Bank of < Sept* "y; ; Jacksonville, Fla, 30, 1936* tBegan business on Nov. 4, 1936. • 600,000 >'<■ 636,364 v 500.000 1 167,328 400.000 1,000,000 <2,731.715 300.000 157,783 5,033,858 (50 \ 32 8,316,973 100 3,438,520 100 125 I n 22 r 32 330 102 Last'sale.,' •/Trust funds. % Ex-dividend. ■ •,:• \ .■■■•;'' v v.■':;.: :•v' vV..r;;;j Nov, 30, 1936. Combined statement, : : y r'J1-;■■ vy-V'y ■ ; 850 ;# 103 BAMS' AND National Banks June 30 ; : State Institutions June 30 - GEORGIA V ' Deposits. Capital. Augusta— Georgia RR Bk A Tr 9.623,572 1100 |c 343.324 Debentures 250.000 Cltiz A So Nat Bank- r5,000.000 Nat Exchange Bank. e 400.000 Bid. 2,434,609 137,497 Ask no 20 90 21 94 Columbus Bk A Tr.. Fourth Nat Bank e Home Savings Bank. Merch A Mech Bank 200,000 First Nat BkofCol.. 200.000 805,694 125,500 43,015 353,718 96,616 850,000 300.000 75,000 5.739,050 2,291.568 1,168,091 2,290,066 1,659,619 Elgin— First Nat BkATr Co , ' M. * * v. *■ ■ .1 82,322.792 1,146,987 7,107,183 2,434,609 62,900 tio 20 f 110,000 500.000 G 219,213 100 100 100 600.000 700,062 951,744 1,236,753 11,248,452 27,663,771 15,001,987 60 20 20 95.026 2,256.893 j 20 67,192 1,467,269 155 200,000 i 100.000 150,000 Capital notes.... South Side TrA Sav B N les 100.000 18,409 672,961 100 200.000 52.292 3.415.310 5,527,942 {& 300.000 148.216 36.837 14,000 88.148 621,858 531,000 1.532.058 100 100 100 200.000 250,000 500.000 263.581 81,484 184.829 8,226,494 3,633,809 7,060,297 100 First National Bank. Illinois Nat Bank— 500,000 449,858 9,235.040 100 150 Common........ Preferred........ Springfield MarineBk 150,000 80.000 500.000 197,581 4,756,063 50 100 50 10,977,258 too 200.000 300,108 7,515 None no B'dway Bk of Quincy 111 State Bk of Quincy Common .... Debentures.... Mercantile Tr A 8 Bk 82,322,792 5.002,446 4,114,052 1,648,487 Jc 79,115 100 200,000 200,000 Peoples Bk of Quincy 100.000 50.000 b 100 10 20 21 5 "so" rBo"| S'tbSideBk of Quincy State St Bk A Tr Co Oo —. June 30 ? Nomi nal. Per share. Boise City— Ida 1st NatBk ofBoise Preferred.. First Security Bank. Boise Trust Oo } 435,785 12,583,144 1,275,000 37,862 23,916,000 73,659 125.000 130 N 100 100 100 Springfield- State Institutions IDAHO 500,000 275,000 1,190,000 120 Bockford— Swedish-Am Nat Bk. f Third Nat'l Bank... i Common 100 Illinois Natl Bk A Tr \ National Banks * June 30 o rec ent Quincy— 21 100 100 10 ' •; Savannah— Oltiz A So Nat Bank. r5,000.000 2,434,609 Liberty Nat Bk A Tr 141,472 500,000 Savannah Bk A Tr.. i 700.000 G 212,384 Citizens Bk A Tr Oo Ooramnn,, 200,000 Debeniurai 160,000 V:.:-,s-( 1,502,672 6,726,094 1,446,542 FirstStat#* Tr A 8 Bk City Bank A Tr Co.. Ask. Per 68,066 626,541 158,135 1,800,000 i.660,000 ....... Maoon— Cltiz A So Nat Bank. r5.000,000 $ Peoria— Cent Nat Bk A Tr Oo Com Mer Nat BkATr First National Bank. Jefferson Tr ASav Bk Common. r- Bid. Par. Deposits. 100.000 300.000 100,000 . Union Nat'l Bank.. 100 N O 100 100 'T-'j re cent 100 Ja sa les 100 Gross Surplus A Profits. Nomi Elgin Nat'l Bank First Nat'l Bank... 202 loo 82,322,792 2,979.799 195 ■X Columbus— ILLIlvi/Iu Capital. Nomi nal. Per share $ $ *v, 750,000 Common Par. State Institutions I June 30 ' | II I 1MAIC Qross Profits. COMPANIES National Banks June 30 • Surplus A ■■ i- ■■'P1 TRUST O 50 110 1145" ; -U.'- ; re cent 100 sa les National Banks 100 i State Institutions INDIANA June 30 June 30 .V;': v "JyM National Banks June 30 ^ ILLINOIS State Institutions Sept. 30 Evansville— Nomi nal. Aurora- 2,917,516 100 Per share. N o ;[ 4,007,575 2,890,667 100 re cent 100 100 ■ * Aurora Nat Bank— 160,000 300.000 Merchants Nat Bank Old Second Nat Bank 75.863 55,092 56.844 400.000 100 5'.; sa les 150.000 100.000 300,000 92,130 29.341 248,531 258,607 177.437 2,881,098 1,137,347 2,157,397 100 150,000 3.754,970 2,247,356 100 200,000 Belleville Nat Bank. Belleville Savs Bank. First National Bank. St. Clair Nat Bank— 43.646 2,059.665 100 90 14 200 100 500,000 100.000 150,000 100,000 100 250 150 500,000 I 1,000.000 i Preferred Austin State Bank.. 760,079 200.000 70.835 41,909 100,000 1,879.666 100,000 200,000 4.000.GUO City Nat Bk & Tr Oo OontUlNB ATrCo I Common 30.000.000 Preferred........ 45.000.000 Cosmopolit'n Nat Bk I 250,000 J22755.873 3,540,609 1,697,419 100 100 121,003*,255 "loo 75 15 135 140 1223589070 / 331, 198 200 133», 7,426,267 mmmmmrn- mmmmmrn rnrnmmm 320.000 500.000 20 15,763,546 20 N ac¬ 20 13,219.861 J 322,783 cent 20 sa les Dime Trust A Sav Bk 712,500 Beverly State 8a> Bk Central Nat Bank — Ft Wayne Nat Bank Common Preferred 270 14,977.507 J 445,226 ...... Fort Wayne— Common........ 40,969,364 J100 208,430 1.478,157 116" 100 ...... 1(370*115 800.000 400,000 . J Lincoln Nat Bk A Tr Preferred Chicago- 459.502 29,151 1,087,333 1,242,690 688,915 11,253,868 500.000 Mutual - Peoples Savings Bk. 13,668,570 509,647 179,703 25,716 21,095 500.000 175.000 Franklin Bk A Tr Co Lamasco Bank..... National City Bank. North Side Bank..v. Old National Bank— Preferred 100 200.000 Aetna State Bank— Am Nat Bk A Tr CoCommon 85 mmmm a 33'* Common. Debentures 200,000 In 18,252 50,000 969,571 300,000 ..... People's Tr A Sa v Co 881,418 20 9.624,942 20 746,628 190,739 9,912,407 1,743,960 100 GaryGary State Bank 400,000 Gary Tr A Sav Bk_. 100,000 100 175 ------ 166"* Indianapolis— District Nat Bank- Common........ 100,000 1 50,591 1,853,756 Preferred 100,000 Drexel State Bank.. 4 450.000 127,642 5,990.865 Drovers Nat Bank. 1.000.000 788,936 26,787,669 First National Bank 30.000,000 18.507,362 902,881.705 First Nat Englewood 200,000 773,842 5.806,463 Halsted Exch N at Bk 200.000 127,067 . American Nat Bank Common f 20 30 40 10< 40 170 100 287 290 100 165 100 120 30 175 127 40 200.000 33,921 Kaspar Am State Bk 250,000 58,485 6,298,283 1,654,105 1.736.633 127,359 10.566,147 iio 110 17 21 270,654 1,224.870 9,224,892 22,996,297 100 20 190 45 205 47 Kiawndale Nat Bank Common... Preferred 250,000 1 350,000 300,000 1,000,000 .... Liberty Nat'l Bank live Stock Nat Bank Madison-Crawford . 200,000 200,000 200,000 Metrop State Bank. 200.000 400,000 . . I r North Shore Nat Bk. Security Bk of Chic. Second Security Bk. Skala State Bank. South East Nat Bank State Bk of Clearing. Terminal Nat Bank. Univ St Bk of Ohio. i . Uptown State Bank. 3 West 31st State Bk. Western State Bank Amalg Tr & Sav Bk. Banco dl Napoli Tr. Ohio City Bk A Tr__ Drovers Tr & Sav Bk East Side Tr&Sav Bk Harris Tr A Sav Bk. I-O Bank A Trust Oo Lake snore Tr A 8 Bk Lakeview Tr A 8 Bk. Mercantile Tr A Sav. Merchandise Bk A Tr Northern Trust Co.. Pullman Tr A Sav Bk I 79.157 105,740 37,880 75,763 89,743 56,581 179,158 154,733 550,000 200,000 300,000 500.000 500.000 200.000 200,000 500.000 Oak Park Tr&Sav Bk Personal Ln A Sav Bk £2.000.000 Pioneer Tr A Sav Bk i 625.000 Sears-Corn State Bk. .200.000 Upper Ave Natl Bk. Class A preferred Fountain Sq State Bk Indiana Nat Bank.. Live Stock Exch Bk Marlon Co State Bk. Merchants' Nat Bk.. People's State Bank. Bankers Trust Co... Fidelity Trust Oo... 700,000 350,000 200.000 200.000 120,000 200,000 300.000 200.000 300,000 100.000 200.000 I 437.500 300.000 800.000 I 650,000 200,000 6.000.000 200,000 t 800.000 500.000 600.000 500.000 3.000.000 300.000 129.574 26,586 153,349 1,421.319 710,546 74,586 299,258 145.733 48,682 56,140 31,102 233,500 118.440 266,312 181.141 16.999 139,604 190.997 125,969 1,090,493 287,026 40.566 1,677,533 4,767,076 3,500,979 2,461,141 8,835,026 3.593,266 7,000,879 5,369,404 13,058,805 5,709,721 2,672,170 7,288,294 4,214,774 13,198,186 7.358,650 3,957 2.442 2,280.635 3,748,887 2,103.244 4,917,590 4,927,886 4.806,390 6,263,253 2 526,254 2,274,916 6,510,475 4,623,923 18,385,677 8.735.049 246,759 130 105 140 100 "§r 115" 100 20 125 25 125 110 165 135 35 135 120 180 100 100 100 100 50 100 115 100 100 50 100 50 25 100 65 157 115 40 100 9,776,706 196.881.623 155 42,197 20 1.741.726 50 225.859 10.029.037 1,208,268 20.854,822 100 348,817 15.478,520 100 608,188 14.285,563 100 9,237,165 311,802,635 100 279.966 7.251,362 100 100 135 125 "250"" 275" »• • "loo"" 1 t 1 1 1 < • 187 177 i 225"" 165 fcOl Ol °: 2,989.780 J100 52 1100 100 "306*" 466" 200.000 In 208,301 Common........ 200.000 Preferred..-*, Union Trust Oo £1,000,000 1.763.814 mmmmrn 20.739,093 South Bend- City Nat Bank Citizens Tr A Sav Bk First Bank A Tr Oo. i Merchants Nat Bank i 2,690,762 1,123.020 8,630,735 3.936.848 2,496,552 113.616 138,192 172,474 127,660 62,678 250.000 250,000 800.000 250.000 <1,000.000 10 100 100 100 100 N Terra Haute— Merchants Nat Bk.. Common ........ Preferred... 120 "35 90 270 130 37" 115 280 Common........ .J Preferred * re sa 200,000 485,000 500,000 500,000 5,342,961 153,546 459,241 ni ...... cent les J100 (100 Sale price. Preferred : , , . stock ■* 20 10 16,043,909 t Branch of Savannah. a * ; retirement price. 6 June 30,1936. c Sept. 30, 1936. d New stock. 135 140 145 150 425' 435" 155" iI5~" 340 170 812 785 160 180 v ; 322 805 175 360 e Affiliate of the First National Bank of Atlanta, Ga. 0 March 4, 1936. ,• . ... . . . .. 4 Common and preferred stock or capita[debentures outstanding. k Stockholders of the Union Trust Co. of Indianapolis, Ind., on Nov. 18, 1936 approved a proposal to increase the capital stock from $600,000 par 11100, to $1,000,000 of like par value. The new shares were offered to present stockholders at $2.50 a share. . _ ■ _ . 1 Stockholders of the Continental Illinois National Bank A Trust Co. of , „ u Chicago, 111., to vote Jan. 8, 1937 on amendments to the bank's charter providing for the lmnfnl"g of nominal control exercised by the RFC in the nstitution'saffairs. r "306" 356" 100 100 100 100 i 13,174,840 Security Trust Oo— n -r mmmmrn Haute First Nat Bank- _ . 18 16 10 Torre loo 100 100 20 100 100 100 100 100 100 100 50 . 10 100 100 100 . 35.252.143 J100 1,500,000 I 701,930 1.000.000 1.000.000 1,228,677 .... St Joseph L A Tr Co 55 150 105 35 1,000,000 11.042.886 26357,160 1,800,000 1,566,035 98,893 100.000 3,000,000 4,093,755 101,099,414 998,027 i 177,165 200,000 453.230 14.912 i 50,000 1,250,000 2.042.951 25,698,339 1,925,997 i 48,318 450.000 n 2.735.352 517,446 500,000 2.439,538 179,736 185,000 Fletcher Trust Oo— Common........ Debentures Indiana Trust Co. . Natl Bank. Main State Bank Merchants Nat Bk.. Mid-City Nat Bank Milwaukee Av N't Bk Mutual Nat Bk of Oh Nat'l builders Bank. Nat'l Boulevard Bk. National Security Bk 100 ' . 32 160 Hamilton State Bk.. -P: Citizens' Nat Bank.. Citizens Tr A Sav Bk Common........ Belleville— Belleville Bk & Tr Oo - Nomi nal. Per share. Reserves. > ■ Combined statement* ■ 1r ,'• ?>' < >;,..i 1 i ... ppv-- National Banks Juno 80 Surplus A Profits, Burlington— $ Farmers A Merch S B First National Bank. Par. 1.7f7.904 74.622 Nomi nal. Per share. 2,850,300 100 100 Baton Rouge— City National Bank Common Cedar Rapids—* Merchants Nat Bank 500.000 250.000 50,000 Council Bluffs— City National Bank. Oenn Bluffs Say Bk. First National Bank. Common.. 1,152,619 82,332 22,183 29.789,463 4,187,729 836,217 100 N 20 100 re o v cent sa 103,927 169,570 1672,672 IOC 4,215.187 IOC Preferred 100.000 41,113 000.000 ( 1,712,364 770.545 517,122 1,758.395 250.000 415,339 25 25 100 14 273.352 7,868,511 (100 t 80 90 100 93 98 100 643.773 ;■: 726,355 39.644.402 f 20 t 20 , 150,000 16.127 1.000.000 1.400.000 208.000 2,800.000 929,362 3.000.000 150.000 50.000 150.000 28,329 25,208 203.286 National Banks 40.981.696 (100 June 30 clOO 25 ? 80 23,992.655 17,841,372 7.354.260 10C 10C 100 100 105 85 100 258,199 4,090,310 100 100 N O cent 8,173,881 3.612.606 511.302 100,000 400.000 200.000 250.000 224.136 191,053 67.662 100 100 sa les June 30 100.000 243.206 n387.459 8,478,102 8,067.323 10,696,561 9.635,904 100 100 600.000 1 1.250.000 364.853 12.673.419 / 20 600.000 200.000 400,000 Merchants' Nat Bk. Eastern Tr A Bkg Co 430.989 165,044 226,656 253,686 Merrill Trust Co— Common Portland— Canal National Bank Casco Bk A Tr Co... 100 First National Bank Nat Bk of Commerce ion 400,000 Portland Nat BankCommon Preferred A Preferred B__ State Institutions KANSAS Sept. 1 Nomi nal. Per share. Hutchinson— American Nat Bank. 425,000 850.000 150,000 Exchange Nat Bank. First National Bank. National Banks 40 N o cent sa les 1100 8,749,780 3,286,177 4,858,274 6,030,698 12,731.365 270,569 100 25 40 20 50 40 50 90 100 27 30 32 3$ 28 26H 35 c40 50 30 *40" State Institutions MARYLAND June 30 100 1,435,159 2,550,000 6.472,666 54.779 100,000 214,697 150.000 150.000 250,000 30 re ... National Banks June 30 i ; loo" /v* 100 25 Preferred 6,106,872 1,950.474 105 Bangor— 10 7,152,228 7,020.016 *100 7.661.436 100 411,507 179,472 45,613 35 mm—mm Institutions State MAINE 272,558 1.000.000 200.000 <1.082.615 iiifc. 1,734.143 re 300.000 250.000 3114 28 602,033 528,412 217396 1.000.000 611.425 Depositors' Trust Co Dubuque— First National Bank. Amer Tr A Sav Bank Sioux CityFirst National Bank Live Stock Nat Bank d Toy Nat Bank... Security Nat Bank.. Weedbury Co Sav Bk 3114 20 Nomi nal. Per share First Nat Granite Bk lioo Heme Savings Bank. d University State Bk. Valley Sav Bank 32K 1,440,786 82,128 5,426.182 109.994,198 Augusta- Bank & Trust Co: Common J Preferred o c25 19.608.320 J100 1100 752,110 850.000 27,510,093 40,516.784 f 20 t 20 c25 Is wa-Des M olnes Nat June 30 100 Nomi nal Per share 100 Baltimore- 500,000 350,580 5 020,499 10 500.000 I 1.000,000 762,812 30.647,395 f 10 400.000 350.000 347,100 8,685,600 50 89,160 3,717.618 1,395,046 123,669 981.020 nl84,357 6,574,781 178.475.365 6,371.731 536,370 691,818 5,684,283 562,864 12,740,683 2,261,570 274,313 nl ,226,799 28.234.454 18.152.640 861.331 100 Bait Oomm'l Bank.. Kansas City— Cenuni N Bk of K O 4H 6 Baltimore Nat Bank 300,000 450.000 ... Exchange State Bank Security Nat Bank.. 204,009 200.000 ........ — 13 1,138,624 First National Bank. 1,000,000 Commercial Nat Bk. 1.000.000 Cont'l-Am BATrOo d 950.000 Cent Nat Bk As Tr Co Common Preferred 10 Bhreveport 17,948.016 75,774 , 1300.000 ... Preferred , Louisiana SB A T Co Whitney Nat Bank.. 25 050.000 100.000 150.000 Common........ Preferred........ Des MolnesBk&TrCo d 7,428,536 100 250.000 Preferred A Preferred B Common. clOO 100 24,040,487 Common Cap City State Bank 202.547 Nat Bk of Commerce DavenportDavenport Bk A Tr. Des Moines— Bankers Tr. Co— 300.000 300.000 New OrleansAmerican Bank A Tr 02,500,000 Hibernia Natl Bk Common.... 1300,000 Preferred 1.400.000 1,681,302 (100 UOO 76.220 50.000 1 50.000 State Savings Bank. Louisiana Nat Bank Common.... ; Preferred Ask. Nomi nal. Per share. les 150.000 150.000 People's Sav Bank.. United States Bank.. Bid. Par. Deposits. ^ $ ^ 300.000 250.000 Preferred........ . June 30 Gross Surplus A Profits. Capital. Ask. Bid. State Institutions LOUISIANA Gross Deposits. 3^,360 50.000 100.000 103 COMPANIES National Banks June 30 State Institutions June 30 IOWA Capital, TRUST AND BANKS JAN., 1937] 128.661 l 100.000 100.000 PreferredBivervlew State Bk. Preferred Calvert Bank. Canton Nat Bank 10 100 2,842.670 271,540 d Oarrollton Bk of Bait Oommonw'lth Bank. First National Bank. Nat Cent Bk of Bait- 5.365,469 flOO UOO 4,127,932 100 120,532 100.000 Common Common 13,579.567 f 10 80,000 300.000 4.000,000 100 100 Western Nat Bank.. Colonial Trust Co... 400.000 600.000 750.000 400.000 100 Equitable Trust Co. 2,000,000 Fidelity Trust CoMaryland Trust Co 1.000.000 Nat Marine Bank Leavenworth— First National Bank. Leavenworth Nat Bk Manufac'rs State Bk 150,000 2,204,133 2*914,803 940,936 119,200 206,716 26.520 150,000 50.000 o Topeka— cent Oentral Nat Bank Central Trust Co Citizens State Bank. 354,267 264.086 7,000 500,000 400.000 77.500 200.000 Fidelity Sav State Bk Guaranty State Bank Common........ 10,961,269 UOO 1,556.491 I 723,873 100 Capital notes. Mercantile Tr Co Real Estate Tr Co.. 100 64,815 2,671,896 39.566 39.948 141,079 1.134,493 (100 1100 773,729 iOO 6,725,625 100 495.794 17,952 9.955.645 1,538.961 26,277 1,523338 1,331,065 743,357 24,852 25,109,541 20.320.639 1,040.539 1,889,358 Safe 50.000 150.000 50.000 200.000 500.000 100.000 100,000 Preferred. Kaw Valley State Bk Merchants' Nat Bk. Nat Bank of Topeka ... State Savings Bank Topeka State Bank.. 36.518,863 1,000,000 11,299,876 2,000,000 1.500.000 3.824,253 600.000 n 210.530 2.000.000 n4,760,107 2,500.000 nl ,952,418 Common..... les i Dep A Trust Co Union Trust Oo Cumberland— First Nat Bank..... d 24,969.831 1,281.453 21,783.338 37.261.007 25 ""75"" 48 10 10 10 100 30 20 25 100 26 m 155 42 35H 40 20 106 45 22 108 24 22 u? 50 08 151 262" 259 100 55 100 565 10 2 5 5.445.327 132.019 400.000 20 24 100 110 120 575" Peonies Bank— 36.437 1.220.496 I 25 31 35 500.000 207,791 6,137,677 50 130 155 150.000 300.000 Common 100 100 100 J 113,463 17 21 "55" 60 100,000 100,000 Capital notes d Second Nat Bank } Liberty Trust Oo— ■ Common Wichita- First National Bank. Fourth Nat Bank... 1,000,000 1.000.000 100.000 200.000 Kansas State Bank.. Southwest Nat Bank Union National Bank Common Preferred Union Stock Vds Nat 167,095 100.000 L 100.000 ........ KENTUCKY Citizens' Nat Bank.. Oomm'l Bank of Md c62K 100.000 200.000 ! Farm A Mech N Bk 100 125*000 Common.—... Preferred----Fr'k Town Sav Inst. West Maryland Tr.. d ; State Institutions June 30 ■ . Covington— J? National Banks June 30 «ftar«. 200 382,238 j 162,583 250.517 50,779 6.372.998 100 56 1,572,766 10 6 8 197,770 2,327,260 100 85 88 o d o d 200.000 175,000 650.000 250,000 d 400,000 . - 100 5.006.617 J 10 I rnrnmmm 16 10 "58" Lexington. 200,000 I 350.000 1.000.000 150.000 150.000 500.000 . o . o . ?7,192 961,655 301.909 156.703 352.804 Louisville— Bank of Commerce Citizens'Union N B. . . - r . . a . . . 100.000 130.042 1,000.000 2.834.234 2.000.000 4.633,o01 1.000.000 2.321.226 1,993.350 141.466 100.000 "94.604 300.000 01.000.000 1,019.228 750.000 452.290 100.000 105.238 42.000.000 <1.077,082 525,000 106,663 1300,000 r 25 1100 50 11,202,777 3,005.690 100 2.200.999 100 93 276 140 100 330 4,641.940 1,205.297 ■10 50.401.021 1001 <7,334,966 100/ 33.034,990 100 22,419,463 m 3,579*,406 3.628.131 12.544.999 1.176,046 12311.836 1.412,507 96 300 150 340 10 340 140 i3o* 100 110 100 0100 ioo 120 100 95 10 UH 100 100 . d 100.000 100.000 190.000 133,512 387.549 39,691 1,525,220 4.694,078 1,655,162 100 100 100 15 \ 15 100 10 3.857.240 659.531 322,445 28.560 150.000 100.000 c25" rnmmmm 12 * Nomi nal. Per share 550.000 450.000 Al* 20 12& 11H 60 12,195,151 / 50 1 60 } 372,475 M 435 68 28 H 158 163 Sale price. f outstanding. ' . / / Citizens Union Fidelity unified certificates. a Affiliated with the First National Bank of Louisville. A Member Northwest Banoorporatlon., < Sept. 30.1936. '-V. J Last sale. Oct. 10, 1936. n .... •:-V- \ -■ y.y . o Directors of the Hibernia National Bank in New Orleans, La., in December, 1936 authorized an increase of $300,000 In the common capital of the bank by the declaration of a dividend In common stock out or the bank's undivided profitSjPayable pro rata to the common stockholders. p 1250 MASSACHUSETTS s*%^o<on' yi'a Dec. 31. 1935.:r.:v:;::;:^^ 5 March 4. 1936. * c Retirement price. d Common and preferred stock e June 30,1936. ft Units. „;■■■ iSf Newport— . 25 1,520.944 f 86.591 Boston- Preferred........ p 335 75,000 1 75,000 First National Bank. 27.812.500 48,607.456 653,206.435 Merchants' Nat Bk. 3.000.000 5.553.686 88,802.559 Nat Rock Bk of Bos 1.500.000 2,822,775 31,142.407 Nat Shawmut Bank. 10.000.000 20,555,710 177,251,201 Second Nat Bank2.000.000 4.453.189 70,425.764 Web A Atlas N Bk Common......... I 100 20 | 200.000 4,960,720 6.145.535 1,583.323 4.236.313 929.614 120.912 435.726 Frederick Oo Nat Bk Nominal. - {.!? Frederick— 100 - National Banks June 30 3.191.231 TOO 3,200,755 ( 63«1 1«2»J 50 983.987 81,614 35,904 100.000 Capital notes..... 100 Stockholders of the Webster A Atlas National Bank of Boston, Mass., will vote Jan. 12, 1937 on a plan to retire the $450,000 of preferred stock through sale of $330,000 of new common stock and application of $120,000 of the reserves. % Ex-dividend* BANKS National Banks June SO MASSACHUSETTS Capital Surplus A Profits. AND TBUST COMPANIES State Institutions June 30 Notional Banks June 30 Gross Deposits, State Institutions MICHIGAN Capital Surplus A Profits. June 30 Gross Deposits Nomi nal. Boston— Banc Com Ital Tr Oo Boston S Dep A Tr.. Columbia Trust Co.. Per share, 1,902.683 c Day Trust Oo Fiduciary Trustdo.. New Eng Trust Co.. Old Colony Trust Oo Pilgrim Trust Oo State Street Tr Oo.. State Bank...... Detroit Bank 50,593,649 Preferred [1,097,329 C123343 001 ..... Mft-s National Bank. None 3,153,007 130,458,266 31,671 6.407 Michigan Ind Bank Nat Bank of Detroit- [10865770 398,609,399 Common Preferred 12,404,278 United Savings Bank Common........ Preferred Preferred 2,441.937 Winthrop Trust Co.. 650,114 ... Common—.—. 5,752,551 c81.767.453 D S Trust Go— Common Detroit— Oom'weaJth-Oom'l 33,009,032 2,238,512 11,313,912 1,764,144 33,993,320 ..... Equitable Trust Co- Beverly— Beverly Nat Bank.. Beverly Trust Oo V- ... • , Common .... Class "A" pref Class "B" pref... Detroit Trust Oo— . Brockton- Common Brockton Nat Bank. Heme Nat Bank.... m mmm — I Preferred.... Highland Park Trust Un Guardian Tr Oo. Cambridge— Cambridge Trust Oo County Bk & Tr Oo. Harvard Trust Co... Flint— Olt Com A Savs Bk. Geneesee Oo Savs Bk Everett— Middlesex Oo Nat Bk Nat Bank of Flint Common Preferred Fall RiverFall River Nat Bank Durfee Trust Oo ..... Grand Rapids— Fall River Trust.... Central Bank Nat Bk of Grand Rap Fitchburg— Safety Fund Nat Bk. Common Preferred— Peoples Nat Bank— Gloucester— Cape Ann Nat Bank. Common Preferred.. Old Kent BankCommon. Preferred Grand Rapids Tr Oo. Union Bank of Mich. Gloue Nat Bk of Glou Glouces S D A Tr Oo Haverhill— Haverhill Nat Bank. Merrlmack Nat Bank Michigan Trust Co.. Holvoke— Holyoke Nat BankCommon........ SaginawSaginaw State Bank. Second Nat Bank A Preferred Park National Bank Common Preferred Tr Oo Hadley FallsJTrCJo.. LawrenceBay StateMer Nat Bk National Banks June 30 Lowell— Appleton Nat;. Bank. Union Old Lowell MINNESOTA State Institutions June 30 National Bank Nomi Duluth— ^ Lynn— ^ B 354,319 First 8c Amer Nat Bk Common... Preferred—"II— Manufac'rs Nat Bk. National City Bank Common | 40,535 City National Bank. ^ 1,227682 Preferred Minnesota Nat Bank of Duluth— Northern Nat BankPioneer Nat Bank Western Nat Bank- Preferred Esses Trust Oe..... Lynn S Dep 4c Tr Oo' Security Trust Oo... Minneapolis— New BedfordFirst National BankMerchants Nat Bk.. Safe Deposit Nat Bk Blooming'n-Lake NB 6100 Central Nat Bank Fifth No'west'n N B. First NatBk&TrCo 6 20 <100 Naumkeag Tr Co— Common. Preferred A. Preferred B Springfield- 100 Midland NatBk A Tr Minnehaha Nat Bk. N'western Nat BAT Common Preferred Produce State Bank. 2d Northwest State. Third N'west'n N Bk 4th Northwest Nat'l. .. Salem— Merchants Nat Bank <100 6100 Springfield Nat Bank Common........ St. PaulAmerican Nat Bank. k2.600.000 Commercial State Bk k 150,000 Preferred union Trust Co Taunton— Machinists' Nat Bk. Bristol Couaty Tr... Worcester- 4,271,165 .... Mechanics Nat Bank Guaranty Bit A T Co 500,000 700,000 300.000 Worcester Cio Tr Oo Common Class A 1.000,006 2,0004)00 ........ 22,781,465 3,969,663 2,020,069 135,610.069 2,044,319 7,048,085 4,111,045 DrovExchState Bank ok 275,000 First National Bank. p6.000.000 First State Bank. a. p 100.000 EmpireNatBk&TrCo ik 490.000 Stock Yards Nat Bk. 350.000 Midway Nat Bank— Common.. 100.000 Preferred 200>000 First Trust Co.. pi .000,000 West Springfield Tr. ...... i. flOO Itl3H llOO First National Bank. Union Nat Bank... Springfield 81) A Tr. Common.*...... 100 Rochester— Common.. Preferred Third Nat BAT Co- 'Preferred. <- Hennepin State Bank Marquette Nat Bank Peabody— Warren Nat Bank Per Bank of Comm A Sav • ; None Sale price. t No a Mar. 4 1936. 6 First National e ' Group. Includes savings deposits. dDec. 31, 1935. r e Sept. 30. 1936. 4 * /Retirement price, f Trust balances. h Genesee County Savings Bank of Flint, Mich., will shortly liquidate in full its segregated assets by the release of $2,119,444.65, representing remaining 23 M% of impounded deposits in the amount of $1,878,274, together with interest on total impounded funds from June 1933 to de¬ - National Banks June 30 MICHIGAN positors. State Institutions < Member of Northwest Bancorporatton. k Common and preferred or capital debentures I Last sale. June 30 Nominal. Bay City— Bay City Bank... Natl Bk of Bay Oit; People's Oommerc A Savings Bank. . Per share, 0 p r s " < Member of the First Bank Stock Corp. Stock has to bs offered to board of directors. Old stock. 1 Affiliate of First National Bank of Boston x Ex-dividend. > s outstanding. American National Bank of St. Paul affiliate. First Bank Stock Corp. : BAMS National Banks MISSISSIPPI June 30 , Surplus Capital. A Profits. AND TRUST Institutions State COMPANIES National Banks June 30 June 30 Gross Capital. Deposits State Institutions June 30 MONTANA Surplus A Profits. Gross Deposits, Nomi Nomi nal. Per share. Per Jackson Capital National BkOommon Preferred _ Depoa Gu Bk 8c TrOo Jackson-State N Bk. Meridian— Citizens Nat Bank.. First National Bank. Mer & Farmers Bank ^?ioksbui«>-> First Nat 8c Tr Oo March NatBk&TrOo National Banks National Banks June 30 MISSOURI State Institutions June 30 Nominal Kansas City- Per Baltimore Bank City Nat Bk 8c Tr Oo Columbia Nat Bank. Commerce Trust Co : State Institutions NEBRASKA ; June 30 June 30 107 340 67^ 145 Nomi nal. Per share. '.-^Lincoln— share. Continental NatBk— 115 Common < 355 Preferred First National Bank. Nat Bk of Commerce 77H Community State Bk 40 150 60 Bast Side Bk of Com First National Bank. 110 480 510 Inter-State Nat Bank 310 Omaha— First Nat Bank- 225 Common Preferred a_. Preferred B Live Stock Nat Bank Omaha Nat Bank— JLInwood State Bank. Merchants Bank 80 200 Merc Home Bk & Tr Common ... Capital notes Common Preferred Packers' Nat Bank: 1 Missouri Bk & Tr Oo Common Preferred Park National Bank. Plaza Bank of Comm Produce Exch Bank. Traders' Gate City Nat'l Bank Southeast State Bk.. Common Preferred South Omaha Sav Bk Stock Yards Nat Bk Common Preferred ..... D fl Nat Bank 8outh Side Bank— Common ... Preferred Stock Yards Nat Bk. Union Nat Bank— National Banks June 30 NEVADA Common Preferred West port Ave Bank. Union Av Bk of Com ..... Nomi nal. Per share. University Bank National Banks Bt. Joseph— June 30 American Nat Bank. Burnes Nat Bank 1 First National Bank. First Trust Oo First St JosSt'h Y dsBk Manchester Nat Bk. Empire Trust Oo State Institutions June 30 Amoakeag Nat Bank Tootle-Lacy Nat Bk. NEW HAMPSHIRE Merchants Nat Bank Nomi,nal. Manchester— Per \share Missouri Vail Tr Co. NashuaIndian Head Nat Bk Nashua Trust Oo St. Louis— SecondNat of Nashua Amer Exch Nat Bank Common......... Preferred ..... PortsmouthFirst National Bank- Baden Bank Common......... Boatmen's Nat Bk— Common * ^ Preferred Bremen Bk & Tr Oo. * * • Preferred New Hamp Nat Bk. Cass Bk & Tr Oo First Nat Bank Industrial Bk&TrOo National Banks June 30 Jefferson Bk & T OoOommon NEW JERSEY State Institutions June 30 Capital notes A Capital notes B... Jeff-Gravols Bank.. Lemay Ferry Bank— Common ... Nomi nal. Atlantic City— Per Boardwalk Nat Bank : share 60 Bankers Trust CoCommon Preferred........ . . Preferred. Manufacturers Bank Guarantee Trust Co- & T Oo Common Manchester Bank. Mutual Bk & Tr Co.Plaza Bank (The)... Sec Nat Savs&Tr Co r4564,186 3,601,867 - Common Preferred.—.— Common.... Preferred. Southern GommercT 8c Savs Bank South Side Nat Bk— — Preferred Equitable Trust Co- Asbury Park— AsburyPkNatBk&Tr Asbury Park & Ocean Grove Bank... Common........ Seacoast Trust Oo Preferred Telegraphers Nat Bk Tewer Gr Bk A TrCo United Bk & Tr Co.. Chippewa Trust Oo. Ea*ton-Taylor Tr Oo Lindell Trust Co.... Bayonne— Broadway Nat Bk __ Bayonne Trust Co.. Bridgeton— Brldgeton Nat Bank. Cumberland Nat Bk. Farm & Mer Nat Bk. Merc Com b a T Oo~ Mercantile-Com¬ merce Nat'l Bank. Miss Val Trust Oo.. Mound City Tr Oo • Sale price, a Retirement, price. 6 Dec. 31 1935. c March d Owned by the Transamerica Corp., San Francisco. Oaili. 0 • North St Louis Tr Oo Northwest'n Tr Oo. _ WebsterGroves Tr_. reserves. Member First Bank Stock Corp. of the Mutual Bank & Trust Co. of St. Louis, Mo., called for Jan. 28, next, to authorize the payment of a stock dividend of 16 2-3%, or $8.33 per $50 par value share on the capital stock. 1 June 29 1935. 1 k Preferred stock and common stock or capital debentures outstanding. t Last sale. ..... Union Nat Bank Southern Missouri Tr 1938. h Special meeting of stockholders 8prmgfield—* Citizens'Bank. / Includes a 4 Member of Northwest Bancorporation. n Directors of the Plaza Bank of St. Louis, Mo., recommended retire¬ by the RFC and an increase ment of the final $50,000 of preferred stock held In capital from $150,000 to $200,000, par $20 a share, in addition, a stock dividend of 33 1-3% to present holders of common stock provided from undivided profits. Ratification of plan will be voted by stockholders on Jan. 11, 1937. o Stockholders of the Mississippi Valley Trust Co. of St. Louis, Mo., will vote Jan. 11, 1937 on a proposal to split its capital shares four-for-one thereby reducing the par value of the shares from $100 to $25 and increasing its shares outstanding from 60,000 to 240,000. s Member of the Guardian Detroit Union GrouD. Inc., Detroit, Mich* common t Preferred stock retired. AND BANKS 106 National Banks State NEW JERSEY June 30 Capital. COMPANIES TRUST Institutions National Banks June 30 JuneY&O NEW JERSEY Qross Surplus A Profits. Par. Deposits. Bid. Ask. Capital. Surplus A Profits. Institutions State June 30 Oross Nomi nal. $ 661,834 384,206 Camden— FlrstGamNatB&TCo <22,216,170 Camden S D & Tr Oo d3,300,000 Merchantville Nat'l 111,340 506,297 Bank & Trust Oo. d 225,000 West Jersey Trust Oo dl .448.000 Kaat Orange— Ampere Bank 8c TrCo 10 2.255,910 Common.... < Preferred A Preferred B J 386,826 18,621.367 20 25 20 100 40 Jff 579.488 10.241,982 100,000 -H; 71,839 520,758 500.000 1,429,083 25 1,748.748 1° 300,000 450,000 1,000,000 12.488,271 42,763.734 2.263,965 728,491 926,929 36,843,479 21,630,323 255 11 245 9 100 10 50 100 12 18 60 "85" 50 7 90 9 65 75 100 Woodbury— 6X Farm 6 r National Bank first Nat Bk 8c Tr Oo 100,000 200,000 Woodbury Trust Oo. 100.000 20 5,962,320 15,679.625 3,508,460 3,563.095 Central Home Tr Oo (2 500,000 Elisabeth Trust Co.. dl.022.962 (4%) 660,692 1,599.271 o 191,611 45,081 200,000 Prospect Natl Bank. 66,687 200,000 Security Nat Bank.. 1.000.000 Trenton Banking Co 850,885 (24,479,183 Trenton Trust Co — 14 Te" 226,110 169,929 42,169 163,991 Eliaabethport BkgOo I 400,000 Nat'l State Bank— dl.310,000 Preferred Preferred 50 share• Per $ Trenton— Broad St Nat Bank. (21^000.000 Pirst-Mech Nat Bk. (23,200.000 300.000 H'nover CapitalTrCo > 1 Elizabeth— Union Oty Tr Oo— Common 1 100 Sav lnv 8c Trust Oo: 300.085 1,500,000 1.374,575 1m 3 4 10 Nomi nal share. nx 10X 12M 1,250,226 7,460,426 108,279 200.000 Per $ 28,302,199 25,314.525 Ask. Bid. Par. Deposits. *25*? & Mechanics' 513,928 437,268 388,014 2,372,803 2,634,297 1,440,906 10 50 10 rn—m—m. 10 5 ( 10 \ mmmmm 25 I National Banks June 30 rn'mmrnm*' 10 State NEW YORK Institutions Sept. 30 mmmmm \ Hoboken— Columbia Trust Oo__ Seaboard Trust Oo.. 18 5 Preferred 1,500,000 100,000 3,400,000 3,017,500 150,000 Commercial Tr N J 9 360,339 29.498,493 | 25 \ 30 122,751 4,491.651 873,656 36,743 Common........ _ 3,311,877 37>* 899,065 100 25 25 N J Title Guar & Tr. North Bergen Tr Oo Trust Co of N J— Common 1,140,000 13,628,342 Preferred A 2,500,000 25,516 d West Bergen Tr Oo. 400,000 70,199,527 23,611,269 1,079,160 10 *68v 56 7.^.; 3% 2,'432,972 50,129 Long Branch Bkg Oo Morristown— First National Bank. 50 250,000 650,000 200,000 600.000 8,725,311 437,013 131,739 2,823,631 1,728,771 150,000 66,473 1,399,573 600,000 884.000 . 399,759 238,644 70.347 743,220 200,000 100.000 National Iron Bank. d d American Trust Oo. Morristown Trust Oo Mt. HollyUnion Nat Bk&TrCo Farmers' Trust Co.. 4K 397,024 132,680 8,585,421 5.994,071 1,137,029 mrnmmmm ""26"" 125 50 Lincoln Nat Bank Franklin Wash Tr Oo d Mt Prospect Nat Bk. (2 Nat Newark 8c Essex 150.000 3,000.000 500,000 626,979 400,000 Federal Trust Oo 1.622.500 Fidelity Un Tr Co— (28,000,000 Merch 8c Newark Tr. 2.500,000 Union National Bk._ d 387,500 United States Tr Oo. 600,000 Banking Oo... National State Bank Clinton Trust Oo d Columbus Trust Oo. West Side Trust Oo New Brunswick 1.075,000 120 475 100 100 10 10 35$ 25 10,053,537 | 389,835 6,771.190 flOO 1100 J 54,095 1,858,391 58,345 4,909,533 "£■ 300,000 471,426 ...... North & West Hu dson— IstNat Bk of Un Oity d 340.016 Nat Bk of W N Y— Common 100,000 50,000 Preferred Hamilton Nat Bank of Weehawken 247.500 21,806 951.923 100 N 0 cent 1,284,100 [ 50 Guttenberg. 100,000 Merchants TrUnClty (21.200,000 45.265 353,357 935,471 6,140,733 Oomw'lth Tr Un City d 129,615 5,376,435 Gutt'b'g Bk 8c Tr Oo PkTr Oo Weehawken h 100,858 229,073 First Nat Bk & Tr Oo Debentures "A".. Debentures "B"__ The First Nat Bank. West NY Weehawken Tr Oo . Huds Tr Oo Un Oity. Woedcllff Trust Co__ 117,192 Ti200,000 400,000 1,000,000 145,000 1,673,544 ' 17,149 2,044,974 ftlOO 10 7,469,270 25 27,253,646 1,141,056 100 1,058,113 243.005 28,830,282 4,153,863 511,040 > 45 1.000,000 444.504 175.000 Mid-City Trust Oo.. d 100,000 i.lalnfleld Trust Co.. (21,300,000 Utate Trust Oo 262,500 125~204 Nat Bank. "*4*" 6 8 Preferred lEfaledon Nat Bank.. d Wat Un Bk in Pat'son 680.000 I 675,000 110,000 <1200,000 ;fe 0 cent sa les 25 100 [100 100 100 100 20 908,745 1,003,527 35"" 10H 750.000 560,000 21,688 543.415 4,703,610 9,358,643 100 10 600,000 1,000,000 300,000 312,910 12,980,158 7,449.721 3,753,438 4,457.918 100 90 25 100 20 100 70 10 10 200.000 348,185 200.000 465,566 792.089 250.000 160.000 150.000 750.000 93,212 91,376 390,149 322,799 1,864,543 1,113,988 3,837,244 6,709,318 275 10 <50 N o 10 re cent 100 sa lea Nat'l Ulster Oounty Bank of Kingston. Rondout Nat Bank. State of N Y Nat Bk d Deposits N ew York Ci are Bur of Jan. 2, 1937. for Nationat and Sept. 30 19 6 for Stat of banks and trust companies in New Yo found in our"Rai Iwwj ' Secti on, pages 1 Slus and p k Oomm'l Nat Bk & Tr Dunbar Nat BankFifth Ave Bank..... First National Bank. Grace Nat Bk of N.Y Harbor State Bank.. Merchants Bank 95 I 6C 46,649 53,171 33 X 20 14,243,395 489.212 218,543 imalg Bank of N Y. N 13,505,894 11,340.296 650.000 Bk of the Manhat Oo 20,000.000 Bank of Yorktown.. 1,000.000 re 376,321 24 100 100 and r'ed net ty banks are repo rofxts are of late Tne 30 1936 e banks. A divi dend r ecord rk City and Br oo 88,189.190 .191 klyn . m ay 100 Nat Bronx Bank 18.700 a7.012.500 100 10 25,431,681 418,840.000 641,000 a6.486.050 66*3 100,270,000 n 126 734,247 2,116,105,000 7,000.000 n8.034,129 80,665.000 500.000 253,300 s2,853,100 500,000 3,440,620 51.102,000 10.000.000 71106,960,885 493,350.000 1,500,000 711,919,204 7731.326,227 SM 200.000 89,100 a2,537,400 400.000 176.400 a4,676,900 d 925.000 112,400 s7.293.000 be 192. • Paterson— ! first National Bk— Common........ | <32 1,530,267 676.836 500.000 li* 39 36 2 1,210,354 1,035,493 16,704,837 3,756,276 120 1715 t 10X 10 800,000 1.237,500 New York Oity- 25 39,600 478,295 105.394 7,949,573 [7,811,373 168,679,034 400.000 Kingston Trust Oo. 250 25 4,223,138 "68"" 100 115 100 1665 Kingston— ..... Plainfield— ihainfield 50 42 "65"" 12 Oo Chase Nat Bank: I first National Bk... (2 100 100 22 First NBk of Rondout 9 Passaic— Passaic N Bk&Tr Oo (22,750.000 People's Bk A Tr Oo. "37"" 10 Nat Ohautauq Oo Bk 30 Trust Oo of New Jer¬ sey. 65 50 100 100 70 10 46,081 Union Trust 20 1& 2,059.600 2,229,400 2,529.100 3,274,300 2,647,600 5,681,200 5,164,900 les 1 936. 2,114,934 92.349.600 Tompkins Oo Tr Oo. Bank of Jamestown: Common r30 20 2,912,683 1,241,409 J»100 date Sept. 30 cent Jam68town— 1 Liberty National Bk 600,000 100,000 350,000 Ohemung Can Tr Oo I 60 10f ns o 56,112,241 <8,000.000 3.800,000 Capital notes les ...... N re 2,200,000 12.541,843 Ithaca— First National Bank. sa (10 80 Elmira— re 110 15,587 J Common 39 37 K New BrunswTrOo— Preferred... 50 Marine Trust Oo: "2l"" 19 7,564,827 200 3.000.000 200,000 5,000,000 ..... Mftu 8c Trad Tr Oo. 10 "*24"" 26 b 200*,500 Lincoln-E Side N Bk d 50 25 100 BuffaloCommon 15 X 25 100 Liberty Bk of Buffalo Debentures 37 X 8.844,525 155,500 195,300 8,200,000 n5,544,576 124,458,494 500.000 n6,129,894 45,201,230 Brooklyn Trust Oo: Kings Oo Trust Co. """5"" 104,100 73,000 65,800 429.400 500,000 Klngsboro Nat Bank Lafayette Nat Bank (21.000.000 d 450.000 People's Nat Bank. r55 . 225.000 125 25 25 200.000 Fort Greene Nat Bk. 20 4* "JP* 45 200.000 Bklyn Flatbush Nat Bank. Oltizens Bk of 100 29 " 8 1,305,841 41.854,843 1,517,267 21,469.928 / 544.893 2,357,228 76,937 2,117,998 1.229,286 33,342,319 4,980,523 143,778,793 1,785,442 17,408,203 79,484 2,677,272 569,230 3,117,329 338,020 9,205,952 220 100 10.643.568 421,818 Bensonhurst Nat Bk d d 40 80 100 25 J 503,059 Tru st Co. retur Brooklyn—State B Nat. banks June 30'36 - Nat'l Bank of N J... (21,013.103 Peoples Nat BkOommon 200,000 Preferred 100,000 600.000 200,000 ank A of Newark 600 420 100 100 150 50 712,844 <500.000 Preferred Marine Midl'd Tr Oo 10 50 15 550 410 210 45 50 6,828,033 5,971,929 285,045 120,400 400,000 Binghamton— Oity National Bank. First National Bank: <50 25 6.041,631 6,551,977 1,454,729 100 100 100 sa "OK Newark— commerce 400,000 750,000 Auburn Trust Co— d Common Hi Long Branch230.000 3,381,240 57.174,632 54,705.950 27,731.356 Auburn— Nat Bank of Auburn 100 3,168,999 1,326,789 12 ""30"" 53,364,495 .... 250,000 1.500.000 5,145.987 Nat Oom Bk & Tr Oo N Y State Nat Bank, (22,999.900 fc2.317.795 (23,000.000 first Trust Oo 228,610 105 43,152,250 1,250,000 1 Bergen Trust Oo 100 1,172,977 33,400 First National Bank. 2,225.000 Franklin Nat Bank.. d 400,000 Hudson Oo Nat Bk— Common Per share„ Albany—v Mech & Farmers Bk. Jersey City- Bank of Nomi nal. "7"* # "*3l"" "33** 64 58 13.55 48 50 100 205 211 25 100 *995" 1516* 2105 100 2065 100 25 100 60 "95" iio"* 39 mm — — ** loo"" "15** 20 ) Paterson Nat Bank— Common... ..... Preferred Second Nat Bank— Common Preferred ... Paterson Sav Inst 600,000 1,000,000 J 742,744 1,500,000 I 732.940 250,000 1,000,000 P2,021,950 12,956,765 1 50 \ 20 38 17,876.564 [ 50 60 I 50 25 28,427.555 rnm-mm 65 "155"" l02X * Prospect Pk Nat Bk Common... a.... Preferred-... Citizens Trust Oo— .... 100,000 75.000 600.000 Preferred 600,000 Hamilton Trust Oo— (21.005,705 Common........ U S Trust Oo— Common Preferred. ....— 600,000 750,000 | 202,980 J 290,741 3,998,020 1 100 9,414,366 / 25 \12*» 10 12,857.274 [100 1 50 Sale price. d Common and rl2H '85 a Sept. 30,1936. v v preferred stock capital debentures outstanding. The Harbor State Bank of New York, N. Y., was merged on Jan. 1, 1937 with the New York Agency of the Banco Nacidnal de Mexico and the latter began operations on Jan. 2, 1937 under the new title of the PanAmerican Trust Co., New York, N. Y. e 25 c""e~ t Marine Midland Corp. b Includes security stock. c Preference stock. 125 \ 50 4,104,437 J 350.377 50 7 f Preferred stock retirement fund. 95 0 Includes • ; " / reserves. , ' , h Affiliated with the Trust Oo. of New Jersey, Jersey Oity 1 Controlled by Marine Midland Corp. ■ J k Stockholders of the New York State National Bank will vote Jan. 12, 1937 on a proposal to reconvert the institution into a State bank. _ . . I Last sale, V n o 1 p r » Dec. 31, 1936. June 29 1935. Dec. 31 1935. Preferred stock retirement price. June 30.1936. .--rVH- - - :,i.? ' JAN., 1937] BANKS National Bmkt Surplus & Profits. Capital. TRUST National Banks Sept. 30 June 30 Bid. -Westchester Co.' {Concl.)OssininQ—1st Nat Bk & Trust Oo 200,000 Osslnlng Trust Oo. • 400.000 Per 118 \h , Trade Bank of N Y_. Trust co. 020,157.963 1.,500.000 01,521,962 027,822,336 "26 206.300 197,100 d 5,637,400 12 H returns d ate Sept. share. 41X 39H 17 15H 59 } Peekskill N B&TOo Common Preferred '!, , "38" "39^ 30 20 • 1,000,000 522,700 4,781.400 500,000 100,000 3,463,300 2,000,000 807,520 10.838,884 Banco di Nap Tr Co. 1,000.000 673,700 7,872,200 Bank of Sicily Tr Co 1,800.000 526,300 10,016,100 Bank of N Y&TrOo 66,000,000 012.993,049 182,124,134 Bankers Trust Co 25.000,000 073,937,771 953,621,161 Bronx County Tr Co 542.500 257,500 18.592,600 Cent Han Bk&Tr Co 21.000,000 066,798,133 879.465,253 Chemical Bk & Tr Co 20,000,000 o53,382,800 590,001,019 ton 2ft "id" "12"* 475 59 127 61 90 93 16 18 18 480 farruunon N B&TrOo White Plains— Citizens Bank 69 .1* OH 124 10 20 County Trust Co... 16J4 63 X Natl Bank in Yonkers. Yonkers Nat Bank f 100 11°. 10 100 Common "256" 265" "324" 329** 100 10 "14H lilH 100 "BI" "55" 25 32,935.000 041.778,572 631,405,868 I 20 10,000,000 i 20 5.000.000 o8.768.725 109.217.431 I 20 New York Trust Co 12,500,000 027.771,550 374,559,933 25 Savings Banks Tr Co 2,500,000 3,097,300 106,339,600 200 . . . _ 20,089.659 (20 5,090,400 10,452,000 77,606.506 54 56 55X 57 H lOH 10H 133 136 17X 50 100 "82" "92"" 100 1985 2035 13,073,000 20 "45" 452.359 6,158.633 10 37 48,315 8,834,826 [20 l Per 3.000.000 1.200.000 J 735,932 share 300,000 69,281 2,974,616 500.000 500.000 300,000 1.200.000 296,202 399.553 459.539 1,555,241 4,644,460 10,260,102 6,233,125 46,501,135 40,262 1,028,100 134,915 93,254 50,000 1,159,134 13.685,890 1,490,699 1,991,610 1.257.000 100 50 25 20 80 90 10 25 40 11 15 45 J 151,142 2.961,680 10 650.000 150.000 | 275.863 10.637,452 10 10 N 767,650 420,374 13.599.332 26 sa 200,000 300.000 Charlotte Nat Bank. Commercial Nat Bk. Union Nat Bank American Trust Co.. • 101,899 551,898 2,512,413 7.524,674 25 Citizens' Nat Bank. Fidelity Bank Depositors Natl Bk^ Home Savings Bank. 150.000 500,000 300,000 100.000 Mech & Farmers Bk- 214,000 38 50 53 ( 20 16.148.387 '25 37,405,927 20 32,384,309 Jioo fa & ... 20 50 „61 100 155 175 265 100 100 .-J 25 65 40X 55 22 24^ "26H 118 Raleigh— - 10 Wilmington— People's Sav Bk & Tr WHm 8av & Tr Co... Wilson- 122 Common Preferred 1200 ::::: 400,000 400,000 100.000 I 100,000 100,000 Nat Bk of Wilson Common..... Preferred Wachovia 200,000 274,060 177,375 400,000 d 381.398 9.150.143 iuu Common.! Schenectady Tr Co.. 429,188 300,000 750.000 01,279.160 6.928,720 I 703,468 147,675 13.815.633 [100 \160 1.764,940 10U 250 275 25 Bk &Tr.. 73.798 1,841,728 I 10 10 •4 Oftft.ftftft 1,970,889 79.372.634 100 110 100 16,221.474 10 First National Bank- Schenectady— Preferred Union National Bank Citizens Trust Co— lea Branch Bkg & Tr Oo [if • o re cent First Citizens Bk&Tr Winston-Salem— 44,340.953 ' 100,000 100,000 Preferred 20 I 264.180 16,254,197 300,000 11,739.648 500.000 '12 20 Nomi nal. Tr.. Common...... Preferred..... Security Nat Bank- 71,634,555 I J 1,359,297 1,500,000 2,550.000 468,997 1.000.000 o3.060.000 45 Guilford Nat Bank Mohawk Nat Bank— Common 1,187,000 Greensboro— 2,800,000 2,500.000 3.657.959 I - 16H Io5 2,500.600 331,500 600.000 I _ 35 400,000 400,000 .... Common Union Trust Co: Common.... Capital notes..... 30 84,835 Asheville— First Nat Bk & Lincoln-Allia Bk&Tr Security Trust Co— Common....... Capital notes 37 25 25 f *56" Charlotte— Rochester— Roch Trust & 8 D Co 30 50 Durham- Common....... 10,000,000 02.738,601 Debenture notes.. 8,913,105 Trust Co of Nor Am 206,900 500.000 Underwriters Tr Co. 808,000 1.000.000 U S Trust Co of N Y 2.000.000 028,510,824 Capital notes..... 100 14 13 8 "TSSar* NORTH CAROLINA staUA%Wm' Title Guar & Tr Co- Genesee Vail Tr Co.. 7.181.513 9 4 29 J 100 100 Mfrs Trust Co: Common ... 155.195 10 10 25 _ Common.. "45" 800,000 10 '/() & Trust Co— Preferred.... . 28 100 300.000 . t,,. 101,190 6,581,376 3,251,287 3,269,103 1,678,000 1.936.123 Yonkers—First 64H 10 2,437,255 12X 45,594 14,968 50,000 107.910 200,000 200,000 580.000 Preferred 60 25 4% Conv.Prefarred • Peoples N B & T Co: Common 20 60 ( 200,000 ... Mutual Trust Co. 100 10 7 20 428,000 600,000 6,477,000 595,000 1,000,000 7,070,000 4.000,000 o5.469.141 80,138.030 Corn Ex Bk & Tr Co 15.000.000 017,438,037 327,058,766 Corporation Trust Co 185,800 500,000 50,700 Empire Trust Co— Common 3,000,000 03.812,718 82,466,216 Capital notes 1.000.000 Equitable Trust Co_ 6.000.000 6,814,000 47.104,400 Federation Bk&Tr Co 825,000 / 898,100 10,895.500 Fulton Trust Co 2.000.000 02,903,331 24,026.457 Fiduciary Trust Co.. 1,000,000 1,043,600 11,145,700 Guaranty Trust Co. 90,000,000 0179356.562 1744810011 Hellenic Bk & Tr Co. 233.618 1,000,000 2,973,090 Irving Trust Co 50,000.000 o60,651,760 595,667,134 J Henry Schroder Tr 1,000,000 01,195,576 16,359,945 Lawyers Tr Co-... 2.000.000 2,129,163 38,981,724 Central Trust Co— Common 550.000 I 345.000 s 625,000 100,000 i 100 100 4,509.262 I 70,617 lye—Rve Nat Bk... Rye Trust Oo 10 * 300,000 "105" 115"" Ask. prices share. 2.022,951 I 50 \ 60 } 385.000 f Bk & Tr Oo 100 100 10,000.000 013,435,194 106,445.371 Jamaica, L. lrJamaica Nat Bank.. 100,000 500,000 City Bank Farmers' Convertible pref Marine Midi Tr Co 29.685 Mt Pleas B&TrOo Port Chester—1st N. 100 Bk of Athena Tr Co Banca Com It Tr Co Bid. Per 1,486,745 2,481.474 30,000 Preferred Pleasantville— 30 1936. Anglo-South Am Tr_ Trust Co,. Clinton Trust Co Colonial Trust Co.. Continental Bk&Tr $ 209,968 120,123 170,000 t Westches Co Nat Common Par. Nom. Peekskill— 19 13 X 57 Institutions Sept. 30 Deposits. Ask. Nomi nal State Cross Surplus A Profits. Capital. Par. 107 NEW YORK - Qross Deposits. N. Y. City (Concl.) National City Bank 77,500,000 055,962,953 1.595,427,000 NatSafety Bk&Tr Oo el .014,300 500,000 sl2.809.700 Penn Exchange Bank 330,000 174,300 d 2,899,600 Public Nat Bk&TrOo 65,775,000 09,007,561 135,684.000 Schroder Bkg Corp. 5.000,000 o2.002.202 Sterling Nat B & T__ COMPANIES State Institution» NEW YORK June 30 AND ........ 6,101.656 f 10 I 10 Vio" National Banks mmmmm NORTH DAKOTA June 30 ... i5p"~ •; ; f 7':, )i'/. Nomi nal. Fargo— 1,200,000 d Common Capital notes..... 823,656 53,081,588 1,000,000 1,800,000 Capital notes Syracuse Trust Co.. 283,355 1,620,000 7*200,000 ... 784,496 750,000 300.000 Common........ Preferred......... First Trust It Dep Co 526,252 31,324.196 20,837,338 20 44 13 •-i. i, ,v ue 10 250.000 2,311,452 1.676,236 133,671 221,971 59,953 550,000 150,000 e 137,877 108,231 6,131,944 2,915,829 482,851 share. 100 100 N 100 n • re cent 25 ■a 100 les * 11H 22 e n Ntr & Dakota Tr Oo 20 u 50,000 Merch Nat Bk&TrCo 14 1 •225.000 First Nat Bk & Tr Co Common 46 8,466,204 I 20 Bank.. Fargo National Bk__ Lincoln Nat B & TOo Common. Merch Nat 11 & T Co Common Per Dakota Nat Syracuse- 24 National Banks State OHIO June 30 ■""* Institutions Sept. 30 Troy— Manuractur Nat Bk. •2.000.000 National OI;y Bank. 600,000 Union Nat Bank • 600,000 Troy Trust Co...... •450.000 ' 1,096,596 434.378 112.071 36,453 23,698,508 i 25 9.443.966 6.476.967 3.691.100 25 16* 5 "26" 15 20 30 Dime Savings Bk Oo Common 200.000 I Debentures 1,241,645 100,000 1.000,000 6,000,000 .*.... Oneida Nat Bk & Tr Common 600,000 200,000 Preferred 569,676 406.037 35,382.817 [2H 9,141,266 [ 20 I 14.251.329 100 727,331 61,265 20.321,525 4.531.861 '166 N 0 re cent sa Goodyear State Bk__ Ufcica— 108,884 500,000 * Capital noteB First-Central Tr. Oo. First Citizens Bk & T Nomi nal Per share. ';.y Akron- "26" les 200,000 } 453,653 14,552.662 750,000 First National Bank. •1,000,000 Geo. D. Harter Bank •1,300,000 2H — Capital debentures 2H Firestone Pk Tr&S B ; : Common 1,030,590 475,657 18,244.160 9,997,198 100 1,108,197 157,529 133,428 10,662,185 2,989.072 1.656.969 100 1— 100 100 10" ^:,io Canton- 15 16 25 (100 100 1400 Cincinnati— Atlas Nat Watertown— Jefferson Co Nat Bk Watertown Nat Bk 500,000 Common........ Preferred Northern N Y Tr Co 210.000 150.000 146,200 100,507 5,421,222 3,687.077 [35 N 1 40 500,000 320.000 Wostohester Oo— lit. Vernon—1st N.. •1.000.000 Mt Vernon Tr Oo. •3.000.000 183.668 10,287.020 0 301,721 300.000 951.000 New Rochelle Tr.. •1,650.000 First Nat Bank ... Huguenot Tr Co.. • 0 542,266 12.841.546 6.655.840 (<25 100 » 10 17,079 218.891 46,000 518.476 1.789.271 3,850.462 1.381.000 14,983.483 20 20 proposals are subject to and the stockholders. 140 175 2H 3K 1 27 3 31 20 20 7§5" a — . 250 108 12 March 31 1936. Co., of New York oo Dec. 3, 1936, recommended the payment of a 20% stock dividend and an increase in the capital and surplus items to $7,000,000 each. The above "45" the approval of the Comptroller of the Currency d Sept. 30.1936. • Common and preferred stock or debentures outstanding. / Directors of tne Federation Bank & Trust Co. of New York voted in December, 1936 to increase the surplus account of the bank to $825,000 by transferring $100,000 from undivided profits. i a Retirement price. h Stockholders of the Bank of New York & Trust Co., N. Y., were advised by the trustees on Dec. 8, 1936 that $1,000,000 would be set aside for an employees retirement fund and that undivided profits account would be increased by a special credit of approximately $1,700,000. < Controlled by Marine Midland Corp. k First report. I Last sale, n Member First Bank Stock Corp, o Dec. 31,1936. June 30.1936.—. ■>' c 323.688 400,000 300.000 200.000 6 Directors of the Public National Bank & Trust les ',1 New Rochelle— Central Nat Bank. • t Marine Midland Corp. re cent sa Common........ Capital notes Bank Clnn Bk & Tr Oo— Columbia Bk & S Co 20 Aug. 6. 1936. ,. ^ , „ BANKS TRUST June30 Sept. 30 June 30 I' Surplus A Profits. Capital. 1 PENNSYLVANIA H Cross Nomi nal. Perl share, Allentown rplus Profits. Capital Deposits Cincinnati (Con.) First National Bank. A Slate Institutions Nav. 6 Qross Deposits Nomi nal Per share « Lincoln Nat Bank.. Northslde Bk Sc Tr Oo 40 27 165 150 Second Nat Bank.. Lehigh Vail Trust Oo Bk Sc Tr Oo Allentown Nat Bank Merchants Nat'l Bk. 177 Nerwood-Hyde Park People's Bk Sc Sv Oo 115 45 ' - 30 130 Altoona— Prov S Bk & Tr Oo. First Nat Bank— Second Nat Bank— So Ohio S Bk Sc Tr Oo Western Bk & Tr Oo Central Trust Oo— Common COMPANIES National Banks Institutions State National Banks AND Oommon : ..... Preferred Altoona Trust Oo— Common. .... Preferred Capital notes Central Trust Oo... Fifth-Third-Union Tr Common Capital debentures Bank of Erie Cleveland— Bank First National Bank. 180,500 Amer Say Lawrence Park N Bk Marine Nat Bank... Central Nat Bk— 12,005.708 Common Nat Bk & Trust Co.. Preferred Clev Say Sc Loan Co. Lorain Street Bank. National City Bank. North Amer Bk Oo. Security-Peoples Tr- 562,804 170,188 1.949.165 / 60,028 Oommon........ Preferred Union Bank (The).. Oleyeland Trust Oo Common ..... 13,286.407 Harrisburg— Capital notes Union Say Sc L Oo.. e Allison-East End Tr. 3504255 Oapital Bk & Tr Oo. Harrisburg Nat Bank Columbus- Branson Bk Sc Tr Oo City Nat Bk & Tr Oo Oolumbus Saying Bk Oentral Trust Oo Dauphin Dep Tr Oo. Harrisburg Trust Oo Fifth Ave Say Bk Oo Huntington Nat Bk. Lancaster— Market Exch Bk Co. Northern Say Bk Cones toga Nat Bk.. Fulton Nat Bank Ohio National Bk Lancaster Oo Nat Bk Farmers' Bk&Tr Oo Dayton— Oommon Mercn N B Sc T Co— .... . . Preferred Common Northern Bk Sc Tr Oo Preferred Third N B & Tr Oo- Winters N B & Tr Co Oommon Philadelphia-^- ..... Oentral-Penn Nat Bk Preferred City National Bank. Corn Exch Nat Bank Toledo— Sc Trust Oo Commerce Goard Bk Oommon Erie National Bank. First National Bank. Glmbel Bros Bk Sc Tr Capital debentures Nat Bank of Toledo: Kensington Nat Bk. Oommon Market St Nat Bk.. Preferred NatBkofGer&TrOo Spltser-R T Sc S Bk. Nat'l Bk of Olney— Oommon Ohio Citizens Tr Co. Toledo Trust CJo..._ Preferred North Broad Nat'l Bk Northeast Nat Bank Youngs town— D allar Sav & Tr Go— Oommon Northw'n Nat Bk— .... Oommon Capital notes Mahoning Nat Bank Preferred Philadelphia Nat Bk Mahoning Say Sc Tr. Roosevelt Bank.. Union Nat Bank ' Second Nat Bank— City Tr Sc Sav Bk— Oommon Common........ ........ Preferred Oapital notes South Phila Nat Bk- Oommon.. Preferred Tioga Nat Bk Sc TrOo . National Banks June 30 OKLAHOMA Institutions June 30 .. Wyoming Bk Sc Tr— Nomi nal. Per .. Tradesmen'sNational Bank Sc Trust Oo. State Guthrie—• „ share, Banca Com It Tr Oo. Broad Street Trust.. Chestnut Hill T & Tr Fidelity-Phila Tr Oo First National Bank. Finance Oo of Pa First State Bank... Frankford Trust Oo. Ger man town Tr Oo. McAlester— Girard Trust Oo Industrial Trust Oo. Nat Bk of McAlester First Nat Bk of McA Integrity Trust Oo— Common _ Muskogee— 1st preferred.. Citizens National Bk Commercial Nat Bk. First Nat Bk&TrOo Land Title Bk & TOo 2d preferred ... Oommon Preferred Oklahoma City— Liberty Title & Tr Oo City Nat'l Bk&Tr Oo First Nat Bk & Tr Co Mitten Bk & Tr Oo Ninth Bank & Tr Oo Oommon. ....... Northern Trust Go— Preferred---.-— Fidelity Nat Bank.. Liberty Nat Bank.. Oklahoma Nat Bank. Tradesmen's Nat Bk Stock Yards Bank. . . Nor Phila Trust Oo. Penn Oo for Insur on - Lives Sc Grant Ann Tr Sc Safe Dep Co. Penn W'h'g Sc S D Oo Provident Trust Real Est Tr Oo Tulsa— Security Bk & Tr Oo. Sonsitaly Bk Sc Tr Co First Nat Bk & Tr Oo Fourth Nat Bank— Oommon Preferred ... Pittsburgh- ..... Nat Bk of Oom'erce. Allegheny Valley Bk. Nat Bank of Tulsa— Oommon Preferred; West Tulsa State Bk National Banks i; i June 30 Kugone— First National Bank Portland— First National Bank. Portland Tif Sc Sav Bk United States Nat'l Bk Arsenal Bank Bank of Ohio Valley. Br&ddock Nat Bank. OREGON State Institutions June 30 Nomi nal Per share * Sale price. ' Preferred stock retirement price. 6 Sept. 30 1936. c Member of the BancOhio Corp. d Common and preferred stock or debentures a e 0 June 30 1936. Dec. 31 1935. ; outstanding. /March 4 1936. h Preferred stock retired. 1 The -First National Bank of Junction Oity, Ore., which was recently purchased by the United States National Bank of Portland, Ore., was opened as a branch office of the latter institution on Nov. 23,1936. I Last sale. 1* Ex-dividend. .... _' BANKS Jan., 1937] PENNSYLVANIA NatJune 30 Capital. Surplus A Profile. AND June GrossP Deposits. TBUST "*3SSir* SOUTH CAROLINA i30i<m9 Bid. Par Ask. Pittsburgh ''I L (Concluded.) Per First National Bank n4,737,787 51,996.451 9,692,521 6.042,183 91,575,461 375,063 540,818 174,347 962,029 150,833 412-786 102,890 430,324 4,055.424 6,000,000 % 200 100,746,530 100 255 4,992,741 7,959,516 3,197,136 1,059,626 1,134,567 2,172,013 100 share. 190 ' First Nat Bank & Tr 300,000 __ Forbes National Bk Fourteenth St Bank. Freehold Bank.. Hazelwood Bank 300,000 650,000 200.000 Bank a 200,000 200.000 Hill Top Bank Homewood Surplus A Profits. Capital. Gross V Bid. Par. Deposits. Nomi nai. Dollar Savings Bank d Farmers Deposit Nat 6,000,000 Co of East Pitts 109 C0MPANIE8 :;i K'P Charleston— Citizens A Sou Bank 0 Carolina Sav Bank Miners A Merch Bk_ South Caro Nat Bk— S ■;( ■ 490,738 215,574 40,141 700,000 200.000 v 50.000 P, Per $ 14.031,084 5,599,715 0 537,595 33,913.522 j 415,308 200.000 35,000 120,725 139,050 3,912,307 1,499,124 First National Bank- 250,000 458.412 Peoples Nat Bank... 200,000 449,495 5,739,241 4,036,017 100 10 2,138,789 [20 95 10 25 Preferred- "lo" 50 share. 22 X 23 X 100 110 10 100 100 1,100.000 1,200,000 Common--- j uu A*k. Nomi nai 100 X {loo 100* Columbia- jofs 10 First Nat Bk of Col- 50 Lower Main St Bank • 10 95* at 100.000 Pittsburgh Iron A Glass Dol Sav 172,700 0 Greenville— 1,771,144 <50 100 Keystone Nat Bk- Common........ Preferred Mellon Nat Bank Nat Bank of America Preferred Nor Side Deposit Bk National Bank. Sheraden Bank Union National Bank Union Savings Bank. Western 8 & D Bank Allegheny Trust Co. Colonial Trust (Jo Com'wealth Trust Co Dormont SAT Co. Farmers Deposit Tr. 1,473,226 J 65.720 154,027 510,042 143,390 3,529,324 4,802.652 337,379 804,878 3,967,000 01,382,265 1,500,000 1,885,896 117,109 126.000 1,662,575 9,303,782 1,274.383 28,328,343 Washington Tr Co.. West End Bank William Penn Tr Co. PPPfC-\ 80,000 j 62.000 28,977 100 Nomt nai Per Sioux Falls— 110 Citizens Nat Bk A Tr p Corn Excb Sav Bank 100.000 68,806 75,528 9,857,140 90,658,577 20 48 20 5 First Nat'l Bk A Tr_ < Northw'tSecurNatBk i Union Savings Bank. 150"" 100 200.000 50 7 National Banks 116,744 116,417 63,095 100 7300 15"" 10 lee Institutions June 30 *40" ■A) Nomi nai. Per Chattanooga— Bkg Co— 625.000 50 50 9.170.904 923,219 9,977.166 100 250,000 \ 400,000 Amer Tr A 305,170 8,730,450 (100 961,105 37.442,666 100 75 Preferred-——- 1,084,511 100 1100 <3.000.000 10 *6.50 5 *7X Bank of Knoxville 50.000 29,809 1.170.300 15,314.523 10 ii* Oomm'l Bk ATrOo. i 200,000 HamiironNationalBk <1,000,000 891,216 Park National Bank. 437,187 E. Scranton State Bk 200.000 184,660 25 35 First National Bank. 4,050.000 1,090.676 70,802.000 1,032,058 2,339,943 1,430,027 10 share. 190; 200 150 160 Commercial Nat Bk: 5,645.375 14,447,860 3,233.484 o : 7600 100 100 579,331 1,249.344 351,115 2,532,491 300.000 State O re cent •a 10< Beading1.000,000 1,800.000 n 100 1,435,296 100 4,986,392 8,688,741 f-._ 100 1,304,328 TENNESSEE JuneZO 100 Common 400,000 ol,020,208 . 100.000 450.000 800.000 Hamilton Nat Bank. City Bank & Tr Co— Beading Trust Co.. share 1,419,900 ploo 50 441,724 875,000 6,176,214 248,554 150.000 1,558,080 377,304 125.000 1,755,236 1,500.000 75,989,073 268,202,581 500.000 ol,013.280 5,594.362 163,765 200.000 1,833,575 78.300 175.000 1,923,000 Union Nat Bank: Berks Co Trust Co — 120 110 110 25 392.146 Worklngman's Savgs Bank A Trust Co. 1 -- NattZlfonks SOUTH DAKOTA 155" 100 2,288,776 22 ~40" 100 60 21,067,781 225 21 65 100 50 100 100 325,615 218 59 "loo 2,401,728 — e25 40 29.007,036 18,466,706 250.000 Potter Title A Tr Co < Provident Trust Oo_ South Hills Trust Co Union Trust Co Bank¬ Preferred- 50 30,843.056 3,578,720 6,917,341 1,320.000 1,185,886 2.000,000 09,023,044 Bank & Trust Co. Peo^leVPittsburgh Spartanburg— Com'i Nat 25 1 25 125,000 200,000 700.000 50,000 2,000,000 1.000.000 i 500.000 700.000 6.000.000 Fidelity Trust Co... Manchester Savings 65 e50 's Common-..... 125,000 I Common....... Pitt 50 200,000 1 145,500 3,328,937 r.5o 1-50 200,000 100 7.600,000 20,443,151 314,475,127 "l50" 155"" Knoxville— 92,633 1,000,000 2,243,602 6.25 100 22,896,964 100 9,557,966 155 150 7 6X 245 250 Scranton— Green Providence 4,887,000 143,138 306.139 37,722 200.000 Kldge Bank North Scrant Bk & Tr i Bank 300.000 300.000 > 18 66 40 68 50 80 15 35 50 60 2,344.054 J 50 75 Scranton Nat Bk— Common 200,000 300,000 400,000 ... Preferred........ South Side Bk A Tr. | 126,979 > 806,992 4,781,186 175 25 L 632,712 10.057,679 f 25 75" Third Nat B A T Co- Common........ Preferred........ . West Side V , First National BankNat Bk of Commerce Bank A Trust Co. 335 330 220 1,540,841 1,686,166 78,270 34,693,905 25.629,012 100 100 1,289,614 100 3.755,625 1.000,000 1,000.000 50.000 State Savings Bank. Union Planters' Nat'l 55,318.139 10 32 Z2X ( 10 21 22 ■ 3,500.000 230 250 Nashville— American Nat Bank Common i.000,000 50 L 25 300.000 260.000 433,948 100,490 1,876.441 52 ioo" 26 2,734.230 160,000 t 200,000 Bank Penna Trust Co— Memphis— 3.000.000 1 808,111 51,420,002 Preferred 4.000.000 300.000 1,000.000 534,983 737,471 8,658,672 16,328,635 10 500.000 11,074,924 9,636,403 (100 (6) tioo 105 110 100 295 305 Broadway Nat Bank Commerce-Union Bk tioo 2b ""28"" "29"" Nashville Trust Co— ^ Common..»..... Preferred........ f 25 Common— 25 1.000.000 Preferred Third Rank 750,208 1 000.00ft 22,024,103 Wilkes-Burre— First National BaDk Hanover National Bk i Miners Nat Bank Second ... Nat Bank... 1,448,321 116,380 760.000 300.000 5,991,998 3.105,366 649,326 751.657 2,500.000 1.000.000 W-B 500.000 Dep A Sav Bk_ Wyoming Nat Bank. 500.000 255 260 9,393.314 100 1,266,166 24,410,064 15,229,868 3.874,011 8,380.309 50 38 42 50 112 Vational Hnnkt 100 110 410 425 June 30 25 29 31 50 105 108 First National Statr TCV AC 1 caao Institutions JuneZO Nomi nai Per Austin— Wllliamaport— Bank Willlamsport N Bk. " 189,181 250.000 250.000 225.000 _ West Branch Bk A Tr 10 9 12 20 28 30 10 2,547,935 4,760,560 5,186.796 319,139 494,286 23 25 < 300.000 600.000 352,801 381,895 share. ioo 10,157,010 13,630,154 100 3,173,456 (100 Capital Nat Bank100,000 100.000 York— j 122,888 400,000 400,000 200,000 397,715 660,788 52,269 tioo elOO Cent Nat Bk A Tr Co i Common........ 250.000 260.000 150.000 100,000 Preferred. Drov & Mech N Bk_ Eastern Nat Bank-. First National BankIndustrial Nat BankWestern Nat Bank-. York Co Nat Bank 125.000 225.000 300.000 York N Bk A Tr Co. 331,019 24,400 555,036 185.600 506,946 819,945 526,169 768,071 1,200,099 3,012.737 10 551.444 500,000 600,000 760.000 10 10 12 100 ) 600.000 Guardian Trust Co.. York Trust Co 156,016 2.146,527 Beaumont— 5 "25" '26"" First National Bank '"is"" in 6,831,926 1,694.457 3,976,897 5,093,067 American Nat Bank. 17M 10 26" Secur St Bk A Trus< i 8.669.748 ,0(1 12,791.257 2,344.457 100 N o rec ent i or sa 20 47X « les 18 ion 161 20 47 49"" 4,112,214 26 26 37 X 65 38 M 4,433,676 7.237,138 19 H 10 DallasFirst National Bank. 68 Hillcrest State Bank. 20 x Liberty State Bank: Common 8.000,000 25.000 150,000 100,000 1.000,000 1.000.000 4,365.440 102.357.769 30,329 1,035,076 } 72,323 j 601,758 3.055,305 49 100 {ioo 24,942,284 f 20 125 37 38 1100 Trust Co: Newpurt— Aquldneck Nat Bank Common. . Preferred. Nomi 400,000 I 300.000 120.000 300.000 r „ ....... Newport Nat Bank— Newport Trust Co.. 147.695 0,116.370 41.755 484,626 526.940 3.186,730 Per 30 25 ( not. snare. 100,000 75,000 150 Capital notes. 500.000 1,003.054 4.150,919 25 1,582.276 (10 10 216,768 1,247,575 100.000 I Preferred 100.000 120.000 High St Bk A Tr Co 110 60 1A elO no Mechanics Nat Bank - Preferred Phenlx Nat Bank. Providence Nat Bank Industrial Trust Co Lincoln Trust Co.. Rhode I Hos Nat Bk . Rhode Isld Hos TrOo Union Trust < Woousoeket— Woonsocket Trust Co Common......... Preferred ........ 52 100 210 215 21.155.660 20 tioo 48,235 27,388 100.000 2,187,437 47 X 49 'kp.*- {100 100 $ 1,533,187 (i 26 28 * Common Common 51 6,516,040 75 78,007 Oolumbus Nat Bank: NatB&nkof ComATr j 125,000 i . Providence— Blacks tone Can Nat- 69,432,082, i 20 Oak Cliff Bk ATrOo e25~" 25 30 '00 4.000,000 11,752.031 1.900.000 150.000 300,274 sl .000.000 849,628 i 350.000 207,409 4,543.485 I 25 20 150.000 1 25 850.000 760,376 50 7,213.493 67 450.000 887,484 >0 3,322,445 130 1,500.000 2,460,440 11,012.660 00 228 4.000.000 r9,682,473 119,535,342 90 225 125.000 201,990 25 1,220,437 23 2,500.000 2,765,390 44,740.625 *100 5.000.000 11,742.529 43.091.235 1000 2700 1.000.000 rl,370,765 23,081.045 100 130 • 73 Sale price. t Citizens & Southern Bank of Savannah. Ga., system. a Dec. 31. 1935b Member of First Security Corp. c Sept 30, 1936. d a mutual savings bank. • e Preferred stock retirement price. / Member of the Northwest, Bancorporation. t : 1 a Affiliated with the Citizens a Southern Nat. Bank of Atlanta. Ga h The Mechanics National Bank of Providence, Providence, r. i., on Nov. 23, 1936, retired $100,000 of its preferred stock and declared a 4,000share stock dividend to common shareholders in the ratio of one new share of common stock for every two-and-one-half shares now held. i Common and preferred stock outstanding. k Stock all owned by the Rhode Island Hospital Trust Co. I Last sale. n Dec. 1. 1936. o June 30, 1936. p Affiliate of the First Bank Stock Corporation, r Nov. 14, 1936. s Stockholders of the Dallas Bank & Trust Co. of Dallas, Texas, to vote , 200.000 1 250,000./ 228,595 3.035.015 [100 i 50 175 on proposal to change bank's name to the Dallas National Bank. x Ex-dividend. BANKS National Banks TEXAS June 30 Capital, Surplus A Profits. AND TRUST COMPANIES State Institutions National Banks June 30 June 30 State VIRGINIA Institutions 1 June 30 Gross Surplus A Profits. Deposits Capital Qross Deposits Nomi nal. CI Pagn Per Nomi share, Lynchburg— El Paso Nat Bank.. Per first National Bank. State National Bank Lynchburg Nat Bank A Trust Co Fort Worth— P«ople'o Nat Bank Depositors'Industrlal Continental Nat Bk. First National Bank: Loan Bank Common..... Preferred ...... Com'l Tr & Savs Bk: Common Ft Worth Nat Bank: Common........ Preferred Lynchburg Tr A 8 B. Preferred Fraternal Bk A Tr Co Union Bank & Tr Co Norfolk— Mer A Mec 8av Bk.. Merch A Planters Bk Nat Bk of Commerce Galveston—1 City National Bank. ; Hntchlngs-Sealy Seaboard City N BkCommon ... National Bank U 8 National Bank.. Preferred Southern Savings Bk First National Bank. ! Petersburg— Houston— : ^ Citizens Nat Bank.. Petersb Sav A AmTr Citizens State Bank. City National Bank: Common Portsmouth— Preferred American Nat Bank. Trust Co.. Merch A Farmers Bk First Nat Bank— <#; Common... .■.w . Preferred.. Houston Nat Bk— Citizens - o Richmond— B%nk of Comm A Tr Common Preferred Central National Bk. Consol Bk A Tr Co. Second Nat'l Bank.. Nat Bank of Comm. State National Bank Union National Bank South Texas Com¬ . First A Mer Nat Bk. Mech A Mer Bank Poll'd A Bagby Tr Co State-Planters Bank A Trust Co: mercial Nat Bank. Fidelity Trust Co— Guardian Trust Oo^_ Houston Land A Tr. Common. . Preferred Sav Bank A Tr Co.. San Jacinto Nat Bk- Southern Bk A Tr Co Oommon. Preferred Virginla Trust Co... Roanoke— Port ArthurFirst National Bank- Colonial Amer Nat B First Nat Exch Bank Merchants Nat'l Bk. Mountain Trust Bk. Ban AntonioAlamo National Bk: fei. Common. Preferred... L.... .... Bexar Co Nat BankCommon s National Hnnks June 30 Preferred... Frost National Bank Groos Nat Bank— Common State Institutions June 30 ■>' Nomi ........ . WASHINGTON 0 Seattle- Preferred Nat Bank of Comm. National Bank ofFort Sam Houston Ban Antonio Nat Bk South Texas Nat BkCommon Per Seattle—First Nat Bk 37 Nat Bk of Commerce Pacific Nat Bank People's Bk A Tr Co Sumitomo B of Seattle Tower Savings . Bank University Nat Bank Seattle Tr A Savs Bk Waco— Citizens' Nat Bank.. First National Bank. SpokaneFirst Nat Bk in Spok Old N BAUnTCo. Common Preferred National City Bank. ..... Security State Bank. Washington Trust Co National Banks Tacoma— Institution* State June 30 Nat Bank of Taooma Puget Sound Nat Bk June 30 Nomi nal. Ogden— Per Commercial Sec Bk. share. first Security Bk NA ' National Hanks Salt Lake City— June 30 □ontl Nat B'tATr Co First National WEST VIRGINIA State Institutions June 30 Bank Utah State Nat Bank Slon's Sav Bk A Tr Utah Sav A Trust Co Nomi nal. - Charleston—^ . Per Charleston Nat Bk: Walker Bk A Tr Co: Common... ... Capital notes.*... Common. . . ... . . . Preferred KanawhaBkgATr Co Common Capita, notes National Banks June 30 VERMONT State Institutions June 30 Kanawha Valley Bk. Nat Bank of Comm. Central Trust Co... WheelingNomi nal. Per share, Barre— Center Wheeling Sav Mutual Tr Citizens Granite S B A Tr Co People's Nat Bank.. Quarry 8 Bk A Tr Co Half Dollar Trust A Sav Bank Nat Bank of W Va. _ Burlington- Nat Exchange Bank. Chittenden Co Trust IlewardNatBkATrCo Merchants Nat Bank Burlington Trust Co. 8® Side Bk A Tr Co. Security Trust Co.. Wheeling Dollar Saw A Trust Co Montpelier— * Common........ Common and preferred stock Preferred c 100.000 25.000 Preferred Killing ton Nat Bank Rutland Co Fat Bk: Common Preferred.. Rutland True* Co 100,000 130.000 100.000 100,000 125,000 a257.500 price. the Northwest Badcorpdration. g Member First . ' : Nov. 9, 1936. I Clement Nat Bank— Common.... Member of f Dec. 31 1935. Central Nat bank— ..... debentures outstanding Member of the Marin* Bancorporatton. d Preferred stock retirement # RutlandCommon or ¥ Member of First Security Corp. Montpelier Nat Bank Montp'r 8 B A Tr Co Preferred Sale price. a Capital 8 B A Tr Co First National Bank: National Corp. k March 4, 1936. 1 Last tale. f» • Preferred stock retired, Controlled by the Joseph F. Meyer interests' r Member s Trust t Sept. a; People's Corp. funds', 30. 1936. Ex-dividend. , U Oct. 10, 1936. " - share JAN., 1937] National Banks WIoLUlNoIIN Capital. June 30 Cross Surplus & Profits. Bid. Par. Deposits. " La Crosse— % 500.000 50.000 400.000 100.000 Batavian Nat Bank. Exchange State Bank Nat Bk of La Crosse. State Bk of La Crosse •) ;f. v: s ; 260.460 45,530 162.347 137.875 Per 4,6ol,181 20 25 ■: 100 1,049.694 5.517,891 Ask. Nomi nal. fN share. 30 0 20 re cent 100 sa lee e 2,677,905 xl v'A *' ■ -»\"r':1; ■ -.r / Milwaukee— v' ;• Amer State Bank... Badger State Bank.. d City Bank &. Tr Co.. a First Wise N Bk Home Savings Bank. Kilbourn State Bk_. '.-.yy '• V< H l-.J' v':-- 200.000 500,000 350.000 9.500,000 450.000 100,000 Lincoln State Bank: Common 1.357,028 100 100 100 5,644,952 2,459,920 61.112 104.755 81,386 110 d 3,237,719 195,574,140 97,463 1,126,871 1.084,242 56.066 100.000 t 76.340 300.000 2.200.000 cl ,941,877 "30"" ~40" if* io ; 20 Marine Nat Exch Bk 859,758 100 35.198,328 20 41 43 42,638,776 1,565,707 733,351 20 100 21 24 55.759 Capital notes . 111 COMPANIES State Institution U/ICrTkMCIM June 30 TRUST AND BAMS 1.273,183 "loo 550.000 .'V' 52.239 475.000 52,513 400.000 750,780 300.000 161,801 1.000.000 6 638,480 1,452,323 1,457,319 3,651,129 3,071.152 1.915,044 20 Marshall & Ilsley Bk a3.000.000 1.977,939 Mitchell St State Bk. a 600.000 11,102 Northern State Bank 100,000 /12.12.894 Park Savings Bank.. 200.000 State Bank of Milw. Teutonia A ve StateBk West Side Bank a Wisconsin State Bk. First Wise Trust Co. 100"" 5 6 20 155 20 "*25"" mm** **m' 100 ■ : • • Sale a c Cheyenne— , Per share. 230,325 271,140 100 100 100 100 100 —mrnmmm Bankshares Corp. no 5,248.090 100 7.412,948 100 • Quotations are borp Member of the Northwest Bancorporatlon. /Nov. 19.1936. I Last sale. x Ex-dividend. for the last day of the month preceding the date of issue ' Bid, Atlanta 5s Atlantic 5s. Bonds* Bid. Ask. 101 Greensboro (N C) 5s...„.....i... Greenbrier 5s 100 100 102 102 87 89 100 Burlington 5s California Ask. 100 Bonds / ... 5s Chicago 4$is f f Dallas 5s. Denver 5s.. ■. First Carollnas 5s...;..,U..... . 65 100 . . . ... . . , First of Fort Wayne 4Hs_... First of Montgomery 5s First of New Orleans 5s First Texas of Houston 5s First Trust of Chicago 5s 7X 7K 100 102 it?:' mrnm 102 8 8 102 87 89 91 93 102 100 88 95 98& 100 90 97 100 102 First Trust of Dallas 5s Fletcher 100 102 3tfs Nov 6 1945 opt *40—« Fremont 4Jfs 100 x 102 87 89 ................ Illinois Midwest 5s... Illinois of Monticello 4J£s Iowa of Sioux City 4^s Louisville 5s... ................. 99" 97 95 100 Lincoln . 97 102 100 Mississippi-Tennessee 5s 100 . . f _. 84 <? / Tennessee 5s Union of Detroit 20 100 98 4^s. 99 100 Virginia-Carolina 5s Virginian 5s 100 28 100 ... 99 X 102 102 99 . 5s Minnesota 5s.. 99* ~ Maryland-Virginia 5s Bid. Stocks. _ Southwest Southern 100 97 100 ; Kentucky 5s Lafayette 5s.. Bonds and St Louis 5s. San Antonio 5s.... New York 5s North Carolina 5s „ STOCKS 99H Ohio-Pennsylvania 5s. Oregon-Washington 5s / 100^ 100 Atlantic. 64 67 / Pn 100 Atlanta 99 Dallas i ... . W-viC.. " .........100 .. ...... 35 38 75 5s 85 86 Pacific Coast of Portland 5s Pacific Coast of Los Angeles 5s Pacific Coast of Salt Lake 5s 100 Denver jUO 9 100 Des Moines........... First Carollnas 100 100 72 Pacific Coast of San Francisco 5s. 100 Pennsylvania 5s v 100 107 109 108H 110 H 100 101 Phoenix 4Kb 5s. Potomac 5s .......... 100 ..... Freemont......... 101 Lincoln North Carolina 100 .... 6 26 .100 .100 .... San Antonio........ Virginia Virginia-Carolina 16 .....100 ............. ■£■■■ f Flat ortce x Ex-dividend. i 2 on .• Pennsylvania Potomac. 4 .100 . ..... lit 42 55 5 100 ys: V mm 200 X 205 Sept. 30 1936. ' 221 mmmmm mm stock. par cent 141^ 142 6 Mar. 4 1936. WYOMING 250.000 300.000 Per i Common and preferred stock debentures outstanding. 6 Unit of the Wisconsin Bankshares American Nat Bank. Stock Growers N Bk :: price. t Wisconsin mujZa!£Snk' ■'•■■V1',';/'< 36,000.000 39.000.000 656,699,732 Banque Oanadlenne. 7,000.000 5.000,000 120,164,433 Barclays Bk (Canada) 750,000 1,500.000 11.133,583 Provincial Bk of Can 4.000.000 1.000.000 41.473.856 Royal Bk of Canada. 35.000,000 20.000.0001701,065,880 ffc • Montreal— Bank of Montreal <*/?)»;•. /■•'< j' \' *' QUEBEC 11 100 45 :V;' m! ; ;,ii ■: 'V. 113 jolitan4-6s 1949.. „ .. i 1st Income 4-5s 1958—J&J Debenture 2-4s 1963 -J&J Ambassador Hotel (Los Ang)— „ 30 84 48% 51 47 — 72 74 91% 92 Income 7s 1950 Boston Postal Service— „ M&S/ ■'Mb J&J 5%s July l 1938 , / % 7s stamped 1940— . 10 24% 12 25% 30 20 Broadway Dept Store (Los Ang) Debenture 6s 1941 M&N „ Bway Mot Bldg (N Y) 6s '48 F&A / Bway & 38th St 7s 1945 J&J Bway & 41st St Bldg 3-5s 1944/ Broadway Stevens 5%s 1936 Broadmoor (The) 6s 1941 / Brown Hotel (Louisville)— 1st sinking fund 5s 1949 „ — „ ^ 2nd income 6s 1949 / ; Bryant Pk Bldg (NY) 6%s'45J&J Budd Realty 6s June 1941..J&D 68 25 , 1435 partial redemp'n 1934/ B'way Barclay (ifflce Bldg 6s 1941 / Certificates of deposit.... / „6s Sept 1941 91% 73% 73% 15 34% 34% 102 70% 91 40% 63 , .. Chanin Bldg 1st Lshld Inc 4s 1945 Chesebrough Bldg 6s 1948..A&0 Chicago Evening Amer 6s 1936.. OhicHerald & Exam 6%s '50 M&S Chrysler Bldg 6s 1948.—. A&O Cigar Stores Realty Holdings— 8 f deb 1949 ser A .J&J/ Circle Theatre 6s unassented 1936 / ;v 6s assented 1936.—— Cteye Term Bldg 1st 6s 1941-J&J / Cloisters l<tik 71% 41% 65 ......M&S / Colonial Apartments 6s 1937 Congress Square Hotel (Port Me) 5%s 1946....... M&N Ooun & Remsen Sta (Brooklyn) 1940. __ A&O / Davidson R'lty 6s w w 1940 A&O / Detroit Hotel 6%s to 1941—M&S / Dorset (The) 0s 1941 ctfs / Drake (The) 6s 1939—...M&N/ Eastern Ambassador Hot 5%s '47 Edgewater Beach Apts 6s to '43. 11 Park Place Corp 4s 1948 11 West 42d St 4s 1945— .M&N / 18 Gramacy Park South 6s 1938. / . ' ■ §0 Broad St Bldg 6%s 1950-M&S / 80Fifth Avenue 4s, 1940 J&D / Eppley Hotels 6%s 1941.. J&J / Eqnitable Office Bldg 5s 1952 Deb 5s Legended 1952 Ferry Sta P O (San Fr) 6s 1934— / Film Center Bldg 6s 1943—A&O / 6th Ave & 28th St Bldg 6%s 19456th Ave & 29th St Bldg 6sl948— 6th Ave & 55th St Bldg 6 %s 1945. 60 B'way Bldg 3-6s 1946 M&S 61 Fifth Ave 6s-4s 1943 A&O 62d & Madison Ave 6s 1947 600 Fifth Ave 6%s stamp 1949.. 602 Park Ave Bldg 6s ctfs 1941. 1600 Walnut St CPhila) 1st 6s '47. 1512 Spruce St (Pbila)— 1st mtge 6s 1943. A&O 40 Wall St Bldg 1st 6s 1958 42 Broadway Bldg 6s 1939—J&J 43 Exchange Place Bldg 6s 1938.. 48 West 48th St. Bldg 6s 1936... 1400 B'way Bldg 6%s stm-1948— . . . . FMDet Theatre «• 1942—A&O Fox Metropolitan sink fund Fox New 105 105 6% % ctfs 1932- / Academy of Music lstleasehold6%sto 1941.M&S Fox Office Bldg 6s 1942 _ Fox ..... >I-': -i'"' ' Flat price, " n Nominal, Lincoln Mtge & Title— Guar 5%s ctfs of deposit Loews Midland Theatre Lords Court Bldg 5%s General 7s 1941 72 Manhattan Towers— 1st 6s 1946 25% / 70 01% 21% 22% 51 53 88 ^ 1942. J&D / J&D / / M&S / F&A Marcy (The) 6s 1940 Mark Hopkins Hotel (San 71 70 6%s 1941 M&S / Marshall Sq Bldg (San Fran)— Income 4-6s 1944— F&A / Marshall-Wells Buildings-— 100% 96% 53% 97% 69 64 73 65 19% 20% 32" 1% 34 19% 50 82 75 21 %s 1937 —F&A Mass Cities Realty 7s_ Mayflower Hotel ( D O) 5s 1950— Mercantile Arcade Bldg (Los Ang) 1st s f 5%s 1953... .J&D / Mercantile Properties, inc— 31 Sec s f 5%s 1946. —J&J Merchants Nat Prop 6s w w *58— 90 52% 54 51% 65 33 36% 38% 43 i> 9% 31% II" 44 52 27 16% 29 18 / conv 91 93 14 f 6s 96% 28 70 103% 92% 99% 1948--.-M&N 79% 36 8 Nat Hotel of Onha 1959. M&S Nat Press Bid 3-5s 1950 April 1_. 88% §9% 88 73 22 New York Title & 23 69 57 71 53 55 5%s series 5%s series 5%s series 5%s series 5%s series 54% 58% />L/g cpfloa 51 52 60% 49 45 55 / B-K-— 02 n 41 19th & Walnut St 34% 58% 60 / / 50 30 53 ' CW-1 FI 46 34% 49 F&A Mtge— B-I ?Phlla)"6s" 19391 34% 36% 20 21% 1900 Rittenhouse Sq (Phlla)— 5%s 1943-.. —J&D 1 Nortb Station Indus Bldg (Boat) 1st m s f 5s 1962—.—..A&O Oliver Cromwell 6s 1939 75 75% 80 82 59% 61 62% 51 .... Olympic Hotel (Seattle)— 35 ^ VP* 42 45" U% 12 1st os 1943 -M&N One LaSalle St Bldg 6s 1949 J&J One Park Av Bldg'6s to '39.M&N 103 East 57th St Bldg 6s 1941 111 John St Bldg n* 1948... F&A 124Fifth Avenue 5s. ;. 165 Broadway Bldg5%s '51 F&> , General s f 7s 1941 F&A / 68 98 Orpheum Theatre & Realty— 6s 1946 —M&S/ Palace Hotel(San Fr) 5s '45 19 2L 13% 14% k Last sale. FA * Pantages (Alex) 6s to 1947.M&N income deb 6s ser 63) .M&S 6l B 1959.M&S Robert Treat Hotel (Newark)— 6s 1943 J&J Roxy Theatre 6%s 1940 A&O Russ Bldg. (San Fran.)6s *51 F&A Russeks 5th Ave Bldg 6s 1944 St Oharle« Hotel (At) Cy) 4c 1945 St Louis Post Offices— 5%s 1938 28 61 93) 46) 21 20 99% 99% —A&O A&O 6s 1946 stamped.. .A&O Savoy-Plaza Com 6s 1945..J&D/ ^ a 1st s f 5%s 1945. ioff —.J&D/ Schulte Real Estate 6s 1935— With stock 38% .J&D Without com stock J&D fk 38% Sevilla-Bilt Hotel 7%s'37.. M&N Sbelburn,inc(AtiOy)o 16 40. J&J 35% 35% Sherry-Netherland Hotel 5%s '48 ^^Certificates of deposit. 00 Broad St Bldg 6s 1937—F&A 6s due 1939. 60 Park Place Bldg 3%s-5s_. 1947 Sixty-One Bway 5%s 1950 .AAO Gen mtge 7s 194ft .A&O 34 101 101 31 31 28% 8 17 36% , 36% 98 47% Income 5s 1945 49% ?35" 56% 14% 36% 62 M&N 97 99 97% 98% Stanley-Mark Strand 6%s 1941 Stanlev Real Est 5%S '45 J&D State-Randolph Bldg (Chicago)— 5%s 1942—. M&N / State & Wash Bldgs (Ohicagq)— 1st sink fund 5sl948«er A.m&S / 32 33 Sink fund 5s 1048 ser P M&S / Station J Post Office 6s 1947 8 93 5 18% ... Steuben Bldg (Chicago)— 1st 6s 1943 M&S / Scevene Hotel (^hlc) (to 194ft.J«xJ / Certificates of deposit / Income 5s W-S 1956 / Stone & Webster Bldg (Boston)— 1947 „ 6 J 17 17 35 „ 39* „ M&S Gen 7s s f w w 1948— Textile Crafts Bldg 3s w s / f / / 5%s 1937 _ 63% 73 101 95 Strausa-Manhat conv 6s '33.J&D / 28% 101% Syracuse Hotel 6%s 1940— / 70 T»f* Realty (New Hav) Qs'40A&O / 31% 81 Income 3s w-s 1951 / 31% 10 East 40th Street Bldg 5s 195391 37""" Non-cum inc 6s 1958— M&S/ 11% 12 1088 Park Ave Bldg 6s 1939 / 49 &5:^ Textile Bldg 1st 6s) 1958 MAN 50% 20 im — 50% 51% Income 5s 1943 Repub Bldg(Denv) 3-5s'49-M&S Retail Properties— Deb 5s series A 1959 5s N Y Postal Service Station— 85 18 55 33 : , 18 Adj mtge inc Apr 15 4 %s 195062 Natl Tower Bldg 6%s 1944 A&O Neisner Bros Realty, Inc— ' Conv • f deb 6s 1948...J&Dlf k 109 N Y Athletic Club 6s 1946. A&O 1st M 2d stpd & reg 1955 - 67 .J.I&D 1941 , 102 Metropolitan Corp (Can) 6s 1947 Metropolitan Playhouses— Debenture mtge 5s 1945..F&A Millinery Center Bldg 7s 1944... Munson Bldg (N Y) 6%s"'39.M&N 62 45 ) 1st extended inc 5s 1950—J&D Realty Assoc Sec Corp— ^ 95% 63 J&J s Company— 5%s double stamped 1961——. 5%s unstamped 1961 Quincy Station P O (Chicago)— . 100% Metropolitan Chain Properties— 1st 49% 1944 121 Prudence Speed Building (Louisville, Ky). 88 Metropolitan Biding (Toronto— 101 Provident Loan Society 6 % ctfs.. . Fran) 1st 6 7s 99% 50 6 616 Madison Ave Bldg 6%s 1938. 7 58 ... 29 68 76 40 25 Saks Realty 6s 1945.... 82 74 49 78 73 .3% 2nd 6s serial. Poll New Engl Theatres 5s. 1958 XJen income 5s 1983 M&N Price Realty Co Ltd— 1st 5%s 1946——..M&N "§" 72 94 68% 68 100% present 1st 6s 1940—M&S Pennsylvania Bldg 6s 1939-M&N Philip Schuyler 6s serial......... Pierrepont Hotel 5%s 1940— Pitts Hotels Corp 1st 5%s '48M&J " . 19% 99% 31 Park Lane Oorp 6%s 1943..J&D Park Lexington 6%s ctfli 1953 Park Place Dodge Oorp 5s vtc '52 6s May 40 8 17 % 101% 60 72 / Majestic Apts 6s 1948 43% 100% 58 75 Lincoln 42d St Oorp— Income 5%s w w 1963—..F&A 61 Theatre&TOfflceBldg 1st s f 0s 1941.... M&S / Fox St Louis Theatre Bldg— 1st « f 0 %v 1942. A&O / fi 53% 29% Park 74 101% — . Playhouse— conv 3 18% London Terrace Apts 6s '40 M&N / Lord Bab Hotel g m «%s *45 AacO / Lord Nelson Hotel s f 4s '47-M&N "The" (Chicago)— 1st 6s 1942 90 46% .. Office Bldg 6s, 1941—M&N Loew State Bldg (Los Ang) 6s '42 Loews Tnentre Rlty fls 47 M*8)A 93% 103 69 88 / 52 & 100% 103 M&S 35% 35% 51% / 45% Bush Term Bldg 1st 6« 190O-A&< > Butler Hall 4-5s 1947 J&J Cambridge Court Apt 6%s 1937. ' Cent Manhattan Props 5s'46M&S / Central Zone Bldg inc 6s, 1941 J Chain Store Depot 6s 1940..M&S _ .... Insurance Center Bldg 6%s 1943 Jewelers Bldg (Ohio 6s '50.J&D Keith-Albee Bldg (New Rochedle) 1st 6s 1936. Keith MemoriM Bldg 6s 1943...Lake Sh Ath Club (Chic) 6%s '45 LaSalle Walker 5s fixed Units 1st 5s 1957Lawrence Hotel (Erie, Pa.)— 6s 1948——M&S Lefcourt Manhat Bldg— 1st 4-5s exten to 1948.. Lefcourt State Bid 6%s 1943 Lewis Morris Apts 6%s 1937 Liggett Bidg 1st 1 h 6%s '52-F&A - Bowman Blltmore Hotels 7s 1934 7s stamped as to payment of ■■ ^ „ 17% 45% „ 32 , . 16% 67% 102% ' , „ 83 82 Hearst Brisbane Prop— 6s 1st fee & leasehold 1942 Herald Square Bldg inc 3%s 1948 1st s f income 5s May 11948— Hotel Governor Olin 6s '48.A&0 / Hotel Lexington 6s 1943M*N / Hotel Sherman (Chic) 5%s '46J&J f Hotel St George 4s 1950 Hurt Building 7s 1940— J&J I 54 .. 45 40 Graybar Bldg (East Offices Inc)— 1st m leaseh 6s 1946—...J&D Greeley Sq jBidg 6s I960.... F&A HarrlmanBldg 6s 1961.... M&N Hartford Times deb 4%s '51 M&N 86 50 , . 79% Waiu^VHoieilto 1944 Certificates of deposit—— Grant Bldg (Pittsb) 7s '47..F&A George 106 „ 16-yr inc 5s with stk 1950 / Amer Insur On Bldg 6s '41.MAN / Arcade Bldg & Rlty i Seattle)— 3-6s 1948. J&J/ Arcady-Wilshire Co (Los Ang)— Non-cum inc 5s 1949 J&J / Arrowhead Lake— -.v• 1st 7s 1944-1947 J&D / Assoc Realty Bldg (Los Angeles) Income 5s 1948 J&J / Baker Hotel ( Dallas)— 1st sf 6s 1950 F&A Bait Parcel Post 5%s 1949 Baumann (L) 6%s '36 (L I). A&O / 6s (Brooklyn) 1942... F&A / Bellevuo-Stratford (Phila)— 6%s 1935. J&D/ Ben] Franklin 6s ctfs 1933 / Bing & Bing deb 6%s 1950-M&S / 1st s f 5%s 1949 unstpd...J&J 6s 1944................. J&J 28% 48 /. 98% / 60 __ !f:' Paramount Bway Oorp.— 1st M s f 3s loan ctfs 1955 F&A Paramount Prop 1st 6s 1942.M&S Park Central Hotel 6s ctfs 1935. Fox West Coast Property— 1st 6s 1942 iM&S Fuller Bldg (OAF Realty Corp) ^ Alden 6s 1941 bonds & ctfs J& / Allerton 66th 8t5%s '463% to '36 / AUerton N Y Corp 5%s 47-J&J / New cum income 6s 1966...... / Allied Owners Corp 6s 1945-J&J / 2nd mtge 6s 1940 —J&J / Trinity Bldg 5%s 1939-. Trinity Court Bidg 4s 1941.M&S 2 Park Ave Bldg 4s 1946 23 Lexington Ave 2s I960 29th St Towers Bldg 3s 1942 2124-34 Bway Bldg 5%s —1943 2480 Bway Bldg 2d mtge 3s 1944- / / / / Tyler Bidg ftp i963—A&O / Gen inc 6s July 1 1953 / Un Post Offices 5 %s '35.F&A15/ United Properties 6s 1942 J&J / Vanderbtlt Ave Bldg Corp— 1st leashold 6%s 1944—J&J 15 / Van 8weringen 0« w w 1935—F&A / 1st & coll 32% M&N f 1944.. J&D • f 6s 1938 Varick St Sta P O (N Wabash-Monroe 5 32 97% 100% 68 28 39 19% 37 77 76% 35 30% 67 69 23 75 3 5 56 23 25 57 57 78 , 89% 80 69% 21 37 31 11 V> (to 1941 21 77 A&O/ 80 16 96 % 59 30 Waldorf Astoria 7s w|w1954.M&S Wanamaker (John)Pnila.t 5%s'49 43 % Bldg 6s 1953 J&J 6s '53 A&O Wardman Real Estate Properties 1st & ref 6%s 1948 M&S Certificates or deposit ... 70% 69% , 99% 103 9 13 18 Walbridge Bldg (Buflf)6%s 1938.. / 8 51% 4i" Wadsworth Bldg (NY) 88 51 &7W. 36 / 102 / 65* > 44] 102) 55 Washington Properties inc 7s 1952 / 52 Westinghouse Bldg 4s 1948-A&0 / 76 White Motor Realty 6s 1940--101% Woodbridge Bldg 5%s *41—A&O 70 7s 1940 A&O 65 72 (Continued from page 65) : Spiegel, May, Stern Co., Inc.—Extra dividend of $2 v , Providence Washington Insurance Co.-—Special dividend of 40c. share in addition to a regular quarterly dividend of 25c. a share on the $10 par capital stock, payable Dec. 24. Pyle National Co.—Dividend of 75c. a share share a the common stock on Quarterly Income Shares, Inc.—Extra dividend of 30c. regular of like amount the on on the no par common of $1.30 the stock. stock on Dec. 23. common share was paid a Raymond Concrete Pile Co.—Special dividend of 50c. on a capital stock, both payable Feb. 1. new Railway & Light Securities Co.—Dividend Dec. 23 4:444"' share and share a " paid was " , , Real Silk of Hosiery Mills, Inc.—A dividend of $10.50 a share on account accumulations was paid Dec. 22 on the 7% cum. pref. stock and was the first distribution made on terly of $1.75 44 paid. a share was this issue since April 1, 1931, when a quar¬ 4-40^ 4 Red Indian Oil Co.—Extra dividend of 3c. on the $1 par common stock. i share a paid on Dec. 15 was Reece Button Hole Machine Co.—Extra dividend of 20c. ;V Dec. 23 v'r-V. on the was stock. common Regal Shoe Co.—Dividend of $7 a paid Dec. 21, the first since 1932. amount to $24.50 a share. share on the 7% cum pref stock was Arrearages after the current payment ( .'v, 7- share a was paid Dec. 22 on the common stock. 44:44:4 44444444 Reliance Mfg. Co. of Illinois—Special dividend of $2 a share was paid ' . • paidxon the $10 par capital stock on Dec. 24. * Reliance Electric & Engineering Co.—Initial dividend of 25c. a share 4:4r4g4 \ v, v Remington Arms Co.—Initial dividend of 13c. •'/ on a share paid Dec. 23 was $4.50 preferred stock, payable Jan. 1. share a on the new ' 7 V ;7 on common stock by means of 15-year 3%% deb. bonds due Dec. 21, 1951, at the rate of $1 principal amount of the bonds a share of common stock, payable Dec. 21. Rhode Island Insurance Co.—Initial dividend of 10c. a share was paid 444 - Reynolds Metal Co.—Extra dividend on the common stock Richman Bros. Co.—Extra dividend of 37%C. ft share was paid on the common stock on Dec. 19. Ritter Dental Mfg. Co., Inc.—Extra dividend of 25c. on the common stock on Dec. 28. a share was paid Roeser & Pendleton, Inc.—Special dividend of 50c. a share was paid on the capital stock Dec. 20. In addition, the regular quarterly was in¬ creased from 15c. a share to 25c. a share, payable Jan. 1. 4 Roos Brothers, Inc.—Extra dividend of $1.25 a share and a regular quar¬ "V terly of 37 He. a share were paid on the no par common stock on Dec. 21 Rose's 5, 10 & 25-Cent Stores, Inc.—Extra dividend of $2 a share was paid Dec. 20 on the $5 par common stock. . Royal Typewriter Co., Inc.—Dividend of $10.50 share was paid Dec. 15 a the 7% cum. pref. stock. Of this amount $8.75 a share was on account of accumulations and $1.75 for the quarterly dividend due at this time. on * RussekVFifth Ave., Inc.—Extra dividend of $2 a share on the common stock, par $5, payable Jan. 25.; : -77 77 5- Russell Motor Car Co., Ltd.—Dividend of $1 a share on account of accum¬ ulations and one of $1.17 a share for current quarter on the 7% cum. pref. stock, both payable Dec. 31, thus clearing up all accruals on this issue, i Dividends were resumed on the same date on the common stock by the payment of $1.50 a share. 7 77St. Helens Pulp & Paper Co.'—Dividend on the common stock Increased . | from 20c. a share to 60c. a share and became payable on Dec. 1. -444i;;4 St. Louis Rocky Mtn. & Pacific Co.—Extra dividend of $1 a share and a regular quarterly of 25c. a share were paid Dec. 31 mon stock. the $25 par on com¬ ' St. Paul Union Stock Yards Co.—Dividend on the common stock in¬ creased from 37 %c. a share to $1.50 a share, payable Dec. 10. Sagamore Mfg. Co.—Extra dividend of $2 share a was paid Dec 18 on the capital stock. San Carlos Milling Co., Ltd.—Extra dividend of 50c. a share and a regu¬ lar monthly dividend of 20c. a share were paid Dec. 15 on the $10 par common stock. ' , Savannah Sugar Refining Corp.—Special dividend of 50c. paid Dec. 23 on the new common stock. a share was Sears, Roebuck & Co.—Extra dividend of $2.50 ft share on the no par common stock, payable Jam 7. ,7 Seeman Brothers, Inc.—Extra dividend of $1 per share in addition to a regular quarterly dividend of 62% cents per share on the common stock no par value. The quarterly and one-half of the extra dividend (50 eta ) will be paid on Feb. 1. The remaining 50c. of the extra dividend will be paid on May 1, 1937. Seton Leather Co.—Dividend resumed on the common stock by the 777 payment on Dec. 22 of 60c. a share, the first since Nov. 2, 1931, when 25c. a share was paid. , Shamrock Oil & Gas Corp.—Initial dividend of 10c. Dec. 20 on the common stock; a share was paid Shawinigan Water & Power Co.—Dividend On the no par common stock share, payable Feb. 15. Shawmut Association—Special dividend of 42c. capital stock on Dec. 21. a share was paid on the ShepardUNiles Carne & Hoist Corp.—Dividend stock increased from 50c. Dec. 1. t Sieloff share to $3.50 on the $25 par common share, and became payable a share was paid Dec. 19 on the stock, the first paid since Marco 31, 1933, when 30c a share a distributed. the class A and class B common national , ' stocks. Signode Steel Strapping Co.—Dividend of 44 f share a 7 were paid Dec 15 7 . share of Signode Inter¬ Ltd., on each snare of this company's stock was paid on Dec. 21. one Sivyer Steel Casting Co.'—Special dividend of 50c. a share was paid on the common stock on Dec. 26. Sloan & Zook Producing Co.—Extra dividend of $2.50 on the no par common stock on Dec. 14. a share was paid (L. C.) Smith & Corona Typewriters, Inc.—Extra dividend share and a quarterly dividend of 25c. a share on the common of 50c a stock both payable Dec. 24- * Solar Mfg. Co.—Initial dividend of 40c. common stock. ' , a share was paid Dec. 24 on the . , Edison Co., Ltd.—-Special dividend of 12 %c a share and a regular quarterly dividend of 37%.c a share on the common stock, both payable Feb. 15. A special dividend of 12 %c. a share was '• also declared on the original pref. stock, payable April 15. Southern Weaving Co.—Dividend of S3«n share was paid Dec. 21 on the no par common stock as compared with 50c. a share on June 30 last. Penn Oil Co.—Extra dividend of 52 %c. a share and a regular quarterly of 37He. a share on the capital stock, both payable Dec. 29. Southwestern Bell Telephone Co.—Dividend on the common stock increased from $2 a share to $3 a share, payable Dec. 31. 7 South ssi 44 :4- Standard National Corp.—Dividend of $1 a share on the common stock, payable Dec. 26, as against 50c. a share paid on Jan. 27, 1936. Standard Oil Co. of Kansas—Dividend of $1 a share was paid on the This is the first distribution on this issue since capital stock on Dec. 26. Oct. 31,1934, when a quarterly of 60c. a share was paid. Standard Oil Co. of Ohio—Dividend of $1.50 a share was paid on the $25 par common stock on Dec. 21. Of this amount, 25c. was in antici¬ pation of the regular Jan. 1 payment ond the balance of $1.25 was desig¬ nated as a special distribution. Standard $1.75 a Screw Co.—Dividend on the common stock increased from share to $4 a share, payable Dec. 24. Standard Steel Spring Co.—Dividend of the no par common stock and compares months from Jan. 16, 1935 to and incl. $1.75 a share was paid Dec. 24 on with 25c. a share paid each three July 3. last. (Z. S.) Starrett Co.—Extra dividend of 25c. a share and a quarterly of 35c. a share were paid Dec. 30 on the no par common stock. State Street Investment Corp.—Special dividend of 20c. a share was paid on the common stock on Dec. 19. (Frederick) Stearns & Co.—Extra dividend of 50c. a share and a quar¬ terly dividend of 25c. a share on the common stock, both payable Dec. 26. Stecher Traung Lithograph Corp.—'Extra dividend of $1 a share and a dividend of $1.50 a share on the no par common stock, both payable Dec. 31. A dividend of $1 a share was paid on Sept. 30 last. Steel Co. of Canada, a Ltd.—Extra dividend of $2 a share and a regular share on the common stock, both payable Feb. 1. (A.) Stern & Co.—Special dividend of 50c. a share was paid Dec. 26 on the stock. par common 777 ' Sterling Aluminum Products, Inc.—Initial dividend of 75c. paid on the $1 par capital stock on Dec. 22. (John B.) Stetson Co.—Dividend of $2 a a share was share on account of accumula- the 7% cumulative preferred stock, payable Jan. 15, thus sharing all accruals on the issue. A dividend of 50c. a share was also declared, payable on the same date to common stockholders, the first on this issue since Jan. 15, 1931. on up Stone & Webster, Inc.—Dividend of 25c. a the no par common 12%c. share a was share was paid Dec. 23 on stock, the first since May 16, 1932, at which time distributed. Stromberg Carlson Telephone Mfg. Co.—Dividend of $3.25 a share was Said 24, thus 6%% cum. all back payments on this issue. tec. on the clearing up pref. stock on account of accumulations on (S.) Stroock & Co., Inc.—Dividend on the common stock increased from 75c. a share to $1 a share, payable Dec. 21. 7 , Submarine a share Signal Co.—Dividend of 50c. a share and paid on the common stock on Dec. 14. a special of $2.50 were ; 7 Sundstrand Machine Tool Co.—Dividend of $1.50 a share in 5-year 6% debenture notes and a cash distribution of 37 %c. a share were paid Dec. 20 on the common stock. 777: Superheater Co.—Special dividend of 12 He. on the stock and common one of 25c. a share a on share paid Dec. 24 was Dec. 10 last. Superior Portland Cement, Inc.—Dividend of $3.02% a share was paid Dec. 21 on the $3.30 cum. class A participating stock of no par value, thus clearing up all accruals on the issue. Taylor-Colquitt Co.—Dividend of $1 a share as compared with 75c. share previously was paid Dec. 31 on the no par comon stock. a (K.) Taylor Distilling Co., Inc.—Dividend on the capital stock increased from 5c. a share to 7%c. a share and became payable on Dec. 20. Taylor Milling Corp.—Dividend of $2 no par common stock. a share was paid on Dec. 23 on the Taylor-Wharton Iron & Steel Co.—Initial dividend of 60c. a share was paid Dec. 23 on the no par capital stock. Technicolor, Inc.—Initial dividend of 50c. a share was paid on the capital stock on Dec. 26. 1 , Tennessee Corp.—Dividend of 15c. a share was paid on the $5 par com¬ mon stock on Dec. 18, the first since June 15, 1931, when 12%c. a share was distributed. 7:777; 77:7.;777-; ,-7 Textile Banking Co.—Extra dividend of $3 a share was paid on the com¬ mon stock on Dec. 15. Third National Investors Corp.—Dividend on the $1 par common stock increased from 55c. a share to 75c. a share and became payable Dec. 23. Tilo Roofing Co., Inc.—Extra and a regular quarterly dividend of 12%c. each were paid Dec. 21 on the $1 par common stock. Time, Inc.—Extra dividend of $2.25 a share and a quarterly of $2 a share were paid Dec. 23 on the no par common stock. A regular quarterly of $1 a share and an extra of $1 a share were paid on Oct. 1 and July 1 last. ; Tintic Standard Mining Co.—Dividend on the $1 par common stock share to 22%c. a share, payable Dec. 24. increased from 12%c. a Tivoli Brewing Co.—Dividend on the $1 par common stock increased from 25c. a share to 35c. a share, payable Dec. 22. Tobacco & Allied Stocks, Inc.—Dividend on the common stock increased from $1 a share to $1.25 a share, payable Dec. 28. 50c. Corp.—Special dividend of $2 a snare were a share and quarterly a paid Dec. 21 on the no par capital stock. o* 7 ■ Towle Manufacturing Co.—Extra dividend of $1 a share was paid on the no par capital stock on Dec. 19. Trans Lux Daylight Picture Screen Corp.—Special dividend of 5c. ft share was paid Dec. 21 on the $1 par capital stock. Trico Products no par Corp.—Extra dividend of $1,37% xtock on Dec. 24. a share was paid on common Truscon Steel Co.—Dividend of $10 a share was paid on the 7% cum. larch 1,1932, on account of quarterly of $1.75 Dec. 18, Sreferred stock when a regular accumulations on a share the first since distributed. Trusteed American Bank Shares—Special dividend of 18c. paid Dec. 26 on the class B shares. , ' Tubize Chattilon a share was Corp.—Dividend of $5.25 a share on the 7% cumula¬ Feb. 1, thus clearing up all arrearages^! tive preferred stock, payable this issue. 7\, 7'.7; 77^77;;-77 7;-,7':/ Twin City Rapid Transit Co.—Divideiid of $14 a share on account of accumulations on the 7% cum. preferred stock, payable Dec. 24. This marks the resumption of dividends on this issue. Twin Coach Co.—Special dividend of $1 a share was paid Dec. 16 on the stock. • 44444 77 ;7. . '■ Sugar Co.—Initial dividend of $1.50 a share was paid on the common stock on Dec. 26 and was the first payment made on this issue since early in 1927. •• • " no par common Union Soundview Pulp Co.—Dividend of $2.50 a share was paid on the common stock in new $100 par 6% pref. stock at rate of 5-200 shares of preferred for each share of common stock held. 7 7 *7 Southern California 7 was Signal Oil & Gas Co.—Extra dividends of $1 on t stock by the common ; 7 Standard Fruit & Steamship Corp.—Dividend of $28 a share on account ■7 : of accumulations on the old $7 pref. stock and One of $3.75 a share on account of accruals on the $3 participating preferred stock, both payable 7 Dec. 26. The current payment clears up all arrears on the latter issue, but still leaves $17.50 to be paid on the $7 pref. stock. '^4^4'\4-4:g.'4 the a Packing Co.—Dividend of 60c. common was a • on ' on the no par class B stock increased from 25c. share, payable to nolders of record Dec. 19. a payment on Dec. 1 of 50c. a share. Todd Shipyards . increased from 15c. a share to 20c. a share was paid a Dec. 18. , Dec. 21. on on 77, share to $1.50 no the common stock. Remington Rand, Inc.—Initial dividend of $1.12% stock. quarterly of 43 %c. ^ , stock (E. R.) Squibb & Sons—Dividends resumed on the paid Dec. 23 on the) and a quar¬ , Pyrene Mfg. Co.—Special dividend of 60c. payable Dec. 15. a 7 - , was stock. On Sept. 30, last, an extra of 25c. a share terly of like amount were paid on this issue. v j common par common Square D Co.—Dividend share was paid on the a no Springfield Fire & Marine Insurance Co.—Special dividend of 25c. a share and a regular quarterly of $1.12 a share were paid Jan. 2 on the 7 Publication Corp., N. Y.—Dividends on the voting and non-voting com¬ mon stock were increased from 50c. a share to 75c. a share and become payable Dec. 20. ' V; .'77,;777• \'7; Purity Bakeries Corp.—Extra dividend of 45c. no par common stock on Dec. 24. the common Prudential Investors, Inc.—Dividend of 25c. a share was paid Dec. 28 on the no par common stock in addition to two disbursements of like amount on Dec. 10, last. ,7/7 7/; v' .;,4:: 4".y4 ■ 113 monthly: review JAN., 1937] Union Twist Drill Co.—Extra dividend of 75c. on the $5 par common stock. a share was paid Dec. 24 ,, United Air Lines Transport Corp.—Initial dividend of 20c. a share was paid on the capital stock on Dec. 22. United Amusement Corp., Ltd.—Extra dividends of 10c. paid Dec. 15 on the class A and B stocks. a share were United Bond & Share, Ltd.—Dividend on the no par common stock Increased from 10c. a share to 20c. a share, payable Jan. 15. United Chemicals, Inc.—Dividend of $1.50 a share on account of ac¬ cumulations was paid on the $3 cum. preferred stock on Dec. 28 and marked the resumption of dividends on this issue. United Elastic Corp.—Special dividend of 15c. 24 on the no par common stock. a share 7 was paid Dec.: -"7 A 77A 'V::7 114 MONTHLY 'REVIEW United Engineering & Foundry Co.—Special dividendlof SI.50 a share was paid Dec. 22 on the $5 par, common stock. Bremner-Norris Realty Investment, Ltd.—Dividend of $1 a share on ; the common stock, payable Dec. 31. This compares with semi-annual United ;M dividends of $2 a share paid on June 30, last. >,■ i y<<\;> * Edmonton City Dairy, Ltd.—Dividend on the 6H% cum. pref. stock reduced from $1.62H a share to $1.25 a share, payable Jan. 2,7? • National Corp.—Dividend stock increased from 15c. a the on share to 25c. partic. preferred share and was paid on Dec. non-cum. a 15, last. United 1 Shirt Distributors, Inc.—Extra dividend of 50c. paid Dec. 23 the on shares increased from 15c. Dec. 14. United States a share a stock. no par common United States Foil Co.—Dividends ; the class A and class B on share to 25c. was ■ common Morse Twist Drill & Machine Co.—Dividend of $1.75 a share was paid Dec. 15 on the capital srock and compares with $2 a share distributed on Nov. 16 and Aug. 15, last. ,,, share and become payable a 'v""-:,< Royalty Oil Corp.—Dividend resumed ' V*'.'.'. v',f the on ; Ontario Loan & Debenture Co.—Dividend on the common stock reduced * from $1.50 a share to $1.25 a share, payable Jan. 2. ■/•• Penn-Mex Fuel Co.—Dividend of 50c. common stock by the payment of 16c. a share on Dec. 30. on United States Tobacco Co.—Extra dividend of $3.75 Dec. 23 on the no par common stock. United the on Universal stock. common Consolidated Oil 21 since common Universale Cyclops | a Steel Corp.—Initial dividend of 25c. paid Dec. 29 on the $1 par, common stock. Universal Leaf Tobacco Co., Inc.—Extra dividend of $2 on the no par common stock on Dec. 24. Upson Walton Co.—Extra 20c. share a was paid a share and a quarterly of the $1 par common stock. on Valley Mould & Iron Corp.—Initial dividend of $2 the on common stock. The December stock market and less active as to turnover. a share paid was , share a was paid Dec. 18 railroad stock. common paid Dec. 22 was and the steels, the stores, motors, manufacturing concerns, foods and utilities. Weak¬ ness was most apparent in stocks in the first and third weeks of the month, and the general list was strongest in the four trading days that, interyened between the Christmas* 1 on the 1 1 • Vogt Mfg. Corp.—Extra cash dividend of $1 a share was paid Dec. 24 on the no par common stock, in addition a 100% stock dividend was de¬ clared on the common stock, payable Dec. 28. * i Vulcan on Detinning Co.—Special dividend of $4 a share was the $100 par common stock. paid Dec. 21 and New Year ,; ,!;■ R the Goodwill Station—Extra dividend of 75c. a share was paid Dec. 19 on the $5 par, capital stock, Cotton Co., Ltd.—Dividend of 25c. payable Jan. 2. This marks a share on the common resumption of dividends on th6 this issue. . Wagner Electric Corp.—Dividend of $1.20 payable Dec. 21, and compares with 25c. a • a share on the common stock, share paid on Sept. 21, last. Waitt & Bond, Inc.—Dividend of 50c. a share was paid Dec. 30 on the A common stock, the first since Dec. 1, 1932, at which time a quarterly of 50c. a share was distributed. Waldorf System, Inc.—Extra dividend of 25c. a share was paid on the no par common stock on Dec. 23. class Waterbury Farrell Foundry & Machine Co.—Extra dividend share was paid Dec. 16 on the on on , of 50c. share a lose Brewing Co.—Dividend of 10% declared payable in class B stock, the $10 the common and class A common share a was issue. / * stocks. - Western Grocer Co. from 25c. (Iowa)—Dividend on the stock increased common a modities Western Grocers, Ltd.—Dividend on the no par common stock increased from (50c. a share to 60c. a share, payable Jan. 15. Western New York Securities increased from 5c. Corp.—Dividend a share to 15c. a on share and become Western Pipe & Steel Co.—Extra dividend of $1 26 on the common stock. a share Dec. 15 of no . > a paid Dec. share was paid partic/ pref. stock quarterly of $1.50 a account of accumulations on the $6 cum. value, the first since July 2, 1931, when a distributed. on par share was was Western Tablet & Stationary Corp.—Extra dividend of 50c. a share was <■ declared payable Jan. 2 on the common stock. Western Union Telegraph Co.—Dividend of 75c. a share on the $100 stock, payable on Jan. 15 oui. of surplus funds. Westmoreland Coal Co.—Special dividend of 30c. a share was paid Dec. 22 on the common stock, the first since Dec. 22, 1931, when 50c. a share par common was 20c. a share on the of 50c. . a share were a share and a regular quarterly of stock, both payable Jan. 2. dividend of 75c. a share and a quarterly on the no par common stock. On , Dec. 26 . on the common a share was paid stock. Wichita Union Stock Yards Co.—Dividend on the common stock in¬ creased from $1.50 a share to $3.50 a share, payable Dec. 28. , Willys Overland Motors, Inc.—Dividend at rate of 6% on the $10 par cum. pref. stock from Sept. 15 on those shares given holders of $2,000,000 , bonds, from Oct. 5 on shares held by those exercising stock subscription rights and from Oct. 15 on shares held by the underwriter, E. H. Rollins & Sons, Inc. The dividend id due Jan. 1, 1937. T dividend of similar , amount (or 20c. a share) on the quarterly of 10c. a share on the $1 of 5c. a new common share and a stock, regular par common stock, both payable Woodruff & Edwards, Inc.—Initial dividend of $1 50c. a share on a share and extras of the class A and class B pref. stock were paid Dec. 1, last. Woodward & Lathrop—Extra dividend of 62Hc. a share was paid Dec. 29 '< on the $10 par common stock; Worcester Salt Co.—Extra dividend of 50c. $100 par common stock. a share was Dec. 15 Yosemite Portland Cement Corp.—Initial dividend of 40c. j paid on the 4% non-cumulative preferred stock on a on the share was Dec. 29. UNFAVORABLE CHANGES Beaver Fire Insurance Co., Ltd., Canada—Dividend on the stock reduced from $3 a share to $2 a share, payable Jan. 2. - com* The threat was real that the automobile strike' The argument of the carriers that abrogation of the charges would deprive them of about $100,000,000 annually of needed revenue was brushed aside.' Rail issues, however, regained their equilibrium somewhat in the last days of the. month. In the international field, the constitutional crisis in England, leading to the renunciation by King Edward VIII of his throne, on Dec. 10, caused some hesitancy in the stock market here. Also, the signs were strong that foreign, buying of American securities was slackening as it became increasingly apparent that Washington was planning to place hindrances on the flow of foreign funds, and of foreign gold, to this country . But, as against these unfavorable factors, the fact remained that a number of lines of activity were enjoying extremely good business. Steel output, at almost 80% of capacity, over. par $2, both payable Dec. 21. , index of sensitive situation which led to adoption of the special charges was, Winn & Lovett Grocery Co.—Dividend of $1 a share was paid Dec. 19 on the class B stock of no par value. This compares with a special dividend of 50c. a share paid July 15 on these shares. Wolverine Tube Co.—Extra dividend of 10c. a share and an additional Woodley Petroleum Co.—Extra dividend one . paid Dec. 23 Sept. 30, last, a quarterly of 25c, a share was paid. (S. S.) White Dental Mfg. Co.—Special dividend of 25c. December might soon or late involve virtually all of the 500,000 employees of the industry and related lines. Like¬ wise, oh the final day of the month, John L* Lewis, President* of the United Mine Workers of America, voiced the threat of a nation-wide strike of 500,000 bituminous coal workers/' Strikes in the glass industry, directly affecting 20,000. workers, have been under way for several weeks. The labor crisis, precipitated by Mr. Lewis's C. I. p. movement, was regarded,' as the month closed, as having possibilities or checking the recovery. Railroad stocks received a blow on Dec. 19, which affected' them decisively for a few days, when the. Interstate Com-, merce Commission ruled against the extension of surcharges on certain classes of freight on the ground that the emergency1, West Point Mfg. Co.—Extra dividend of $2H a share and a quarterly of $1H a share on the common stock, both payable Jan. 2. Previously r regular quarterly dividends of $1 a share were distributed. Weyenberg Shoe Mfg. Co.—Extra high movement of 10c. no par common new rose month end. distributed. (George) Weston, Ltd.—Extra speculative following to the commodity . the common stock payable on Dec. 21, Western Reserve Investing Corp.—Dividend of $12 its 14% to a level 27 % above the 1936 low, reached in May, and about 160% above the depression low/ reached in February, 1933. The movement of stock prices doubtless was affected to* some extent by the rapid spread of the strike movement ae the month drew' to a close. The center of strike interest veered,.at least temporarily, away from the steel to the-, automobile industry, and in the closing days of the month a series of sit-down strikes took place in the plants of General' Motors Corp. It was estimated that these strikes, timed to coincide with the period when automobile production is usually stepped up, had made more than 70,000 idle at the, Western ' of A host of basic commodities established in November and share to 30c. a share, payable Dec. 10. Electric Co.—Dividend on the no par capital stock increased from 75c. a share to $1.50 a share and become payable on Dec. 28. • holidays'. prices for several years. Great strength was displayed.by, wheat, corn, hides, raw sugar, domestic wool, cotton, scrap' steel, zinc, copper and lead. The upward movement* in: commodity prices really got under way in November, and paid Dec. 19 Western Air Express Corp.—Dividend of 25c. a share was paid Dec. 23 on the common stock, thus marking the resumption of dividends on this V some markets. par common class A and B shares on Jan. 4. (•!•) Weingarten, Inc.—Special dividend of $1 on paid Jan. 2, 1937, was the capital stock. Wehle of 25c, A stock. common Wayne Pump Co.—Initial dividend were possible explanation of the general sogginess of stock prices, in the face of briskly rising commodity prices and the most active state of business in six years, is the fact that December is ordinarily the month when sales of stocks to establish tax losses are heaviest. The importance of suchsales in the December price trend is difficult of appraisal,, but it may not be without significance that the largest ad¬ vance of the month came on Dec. 30, the day after the period had ended when tax sales could be made in the regular way. In the last two days of the-month tax sales could be made only for cash. It was a question, too, whether the stock market did not stock, *•' coppers The softest groups One W J Wabasso equipments, the oils, the in the order named. share . price trend While the tone of the market as a whole was weak, a the stock groups were able to continue their, forward trend. The strongest stock classifications were the April 20, 1934. a to number of the common stock and the first distribution by the company since its Vlchek Tool Co.—Extra dividend of 60c. as points. It was the first decline shown by the 50 stocks since August and only the third monthly decline of 1936, during which the index rose 23.81 points, compared with a rise or 26.35 points in 1935. . on weak 25 industrials off 6.85 v organization was shares. The average decline in share prices, as measured by the index of 50 issues compiled by the New York "Times;" was 4.10 points, with the 25 rails off 1.34 points and the Veeder-Root, Inc.—Extra dividend of $4 a share and a regular quarterly of 50c. a share on the no par common stock, both payable Dec. 15. Victor Brewing Co.—Dividend of 10c. a share was paid on the common stock on Dec. 22, the first since Dec. 21, 1934, when 3c. a share was disbursed. ^ % on , less than the previous month's total of 50,467,182 shares, but more than the December, 1935, total of 45,589,317 Kamps Holland Dutch Bakers, Inc.—Extra dividend of $1.87H a share and a regular quarterly dividend of 12He. a share on the common stock, both payable Dec. 15. ' Victoria Bondholders Corp.—Dividend of $18 ■ Transactions on the New York Stock Exchange footed up to 48,600,177 shares, or: Van • " 7 ; • on the no par common stock share, payable Dec. 24. a COURSE OF THE STOCK MARKET DURING DECEMBER, 1936 U. S. Leather Co.—Dividend of $4 a share on account of accumulations on the 7 % cum. prior pref. stock was paid on Dec. 24, the first since Sept. 16, 1933, when $2 a share was distributed. Utah Idaho Sugar Co.—Dividend on the $5 par common stock increased from 5c. a share to 10c. a share and become payable Dec. 31. Dec. 19 - , share to 40c. ■ was dividend of 10c. share were paid Dec. 21 a share a a Southland Royalty Co.—Dividend of 5c. a share on the $5 par common stock, payable Dec. 21. 'Quarterly dividends of 10c. a share were dis- s tributed on Oct. 15 and July 15, last. < « of $1 a share was paid the first distributed by the company share was paid, -/i,;.I.y.-v .*• stock, ' ■ _ share was paid a . , July 15, 1930, when 50c. the on .v- ■. decreased from 75c. Co.—Dividend Dec. a share was paid on the capital stock This compares with 75c. paid on Dec. 20, 1935, and Dec. Dec. 21. 22, 1934. paid was (Bernard) Schwartz Cigar Corp.—Dividend Stockyards Corp.—Initial dividend of 12He. Dec. 15 share a common i Jan., 1937] has been at a MONTHLY record high for this season REVIEW 115 of the year and, over Opening the recent past, production of cotton textiles, various kinds of electrical merchandise, shoes, petroleum products, Foreign Bonds tobacco, rayon, some divisions of the paper industry and plastics has been in record breaking volume. As for the holiday trade, total sales of reporting department stores in the metropolitan area of New York were 12.5% higher than a year ago from Dec. 1 to 24 and about equal to the total for December, 1931. Allowing for the one extra shop¬ ping day in 1936, the sales increase in the holiday period Argentine (Govt) 6s ser A-.1957 External 5 %s -——1962 Range for December, 1936 Closing Price Price Dec. 1 Lowest Dec. 31 Highest . •was Australia 5s of 1925 Austrian (Govt) 7s ferred Stamped ^ at its 127 129% (City) ext6%sVOLUME 68 1952 BUSINESS OF Month of December : Stock sales—No. of shares Bond sales (par value)— - ON THE 1 1936 48,600,177 Chemical & Dye dropped from 235% Dec. 1 to 222 Dec. 21, Dec. 31 at 226%. Westinghouse Elec. & Total bond sales— Mfg. fell from 149% Dec. 15 to 141% Dec. 21, with the close Jan. 1 to Dec. 31— Stock sales—No. of shares Consolidated Edison Co. of N. - Y. moved down from 47% Dec. 1 to 42% Dec. 21, with the close Dec. 31 at 44%. In the railroad list, New York Central was at its highest Dec. 10 at 45%, and at its lowest Dec. 22 at 40, with the close Dec. 31 at 41%. j Delaware & Hudson dropped from 48 Dec. 10 to 42 Dec. 19, with the close Dec. 31 at 43%. Union Pacific fell from 133 Dec. 11 to 122 Dec. 22, with the close Deo. 31 at 127. Southern Pacific was at its lowest Dec. 19 at 39%, and at its highest Dec. 31 at 44%, with the close on the latter day at 44%. Baltimore & Ohio dropped from 23 Dec. 10 to 20% Dec. 21, with the close Dec. 31 at 21 %. Chesapeake & Ohio fell from 71% Dec. 1 to 60% Dec. 19, with the close Dec. 31 at 67%. Southern Ry. was at its highest Dec. 15 at 26% and at its lowest Dec. 19 at 21%, with the close Dec. 31 at 25. The bond market in the early part of December moved forward to new high ground with practically all grades and classes of domestic corporate bonds coming within the scope of; the advance. Some securities re-established previous high records and others extended their gains further. In mid-December the market was overtaken by some irregu¬ larity and declines followed in its wake. United States Government obligations were affected in like manner. How©ver, at the close of the month bond prices, as a whole, firmed up and the moderate setback suffered in previous weeks was arrested and gains became the rule. In the following table we show, as usual, the fluctuations for the month in the different issues of United States Govern¬ ment obligations, and a considerable number, likewise, of domestic corporate and foreign government bond prices; * First Government Bonds Range During December, 1936 Treasury Treasury Treasury Treasury Treasury Treasury 4 %s 1947-1952 121.18 3%s. ..1943-1945 110.12 4s__. ...1944-1954 — 3%s 1946-1956 Dec. 121.28 Dec. 14 121.16 109.17 Dec. < 114.16 110.16 Dec. 3 109.28 115.17 Dec. 116.9 Dec. 8 115.21 114.7 Dec. 114.20 Dec. 8 114.16 Dec. 3%s_ 1943-1947 110.31 110.6 Dec. 8 3s... 1951-1955 106.14 105.28 Dec. 106.20 Dec. 31 106.20 108.4 107.18 Dec. 108.7 107.19 Dec. 108.16 Dec. 5 8 107.25 108.9 109.19 Dec. 9 118.24 Treasury 3s Treasury 3%s Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury 116.7 121.6 Dec. 31 Highest —..—.1946-1948 ...1940-1943 3%s—1941-1943 3%s ....1946-1949 3%s 3%s 3%s 2%s 2%s 2%s._ 2%s 2%s 2%b 109.14 108.31 Dec. 111.3 Dec, 110.8 108 108.17 Dec. 109.3 Dec. 7 108.27 1949-1952 107.27 Dec. 108.14 Dec. 31 108.14 1941 108.17 Dec. 109.17 Dec. 7 108.12 1944-1946 110.14 109.17 Dec. 110.15 Dec. 7 109.26 1955-1960 104.13 103.19 Dec. 104.20 Dec. 31 106.16 106.1 Dec. 106.27 Dec. 12 106.20 1948-1951 104.15 103.22 Dec. 104.17 Dec. 1 104.11 1951-1954 102.30 102.18 Dec. 103.13 Dec. 31 103.13 103.2 31 1956-1959 102.13 1949-1953 102.2 Dec. Dec. ' 381,635,752 323,836.634 654,816.452 $ $ V,. . If. - ?.'& I' Month of December «•; Stock sales—No. of shares Bond sales (par ; V* - 1936 i 9,762,703 $ value)— i $ v i it 62,039,000 Jan. 1 to Dec. 31 Stock sales—No. of shares Bond sales (par i v * ■' 134,843,049 ! 75.783,794 — • Foreign corporate.—L. Total bond sales..1. i -L ■■■. " ■ ' . ment of the U. S. Federal Reserve banks. 103 The idle steps to prevent under a holdings, of Government securities. through a 900,000 came from 104.14 105 proximately $1,135,000,000. 7 103.2 102.31 102.17 Dec. 103.5 Dec. 4 the continued rise in Commercial 103 Brooklyn Union Elev 5S-...1950 114% Ches & Ohio gen 4%s 1992 76 Dec. 109% Dec. 81% Dec. 10 84 82% Dec. 85% Dec. Dec. 127% 127 —.1947 Chic Milw St P & Pac 5s A. .1975 Chic & N W 4%s series A 1949 C C,C & St L 4%s series E__1977 157 140% Dec. Erie ref & impt 5s of 1927—-1967 Great Northern gen 4%s._ .1977 87 Chesapeake Corp 5s 111 Cent CSt L&NO 5s.„ 1963 Internat Pap 5s ser A & B. 1947 Kan City Sou ret & impt 5s.l950 Lehigh Valley (Pa) cons 4s. .2003 Liggett & Myers Tobacco 7s. 1944 Mo Kan Tex cum adj 5s New York Central 1967 27 V 14 % 25% Dec. 97% 95% Dec. 84% Dec. 107% '91 101% f98% 70% 135 69 68—1944 115% N. Y. C & St L 4%s ser C—1978 N YNH& H 1st ref 4 Ha—1967 93% 34% N Y Ont & Western ref 4s—-1992 48 conv Northern Pacific 4s 1997 111% Pennsylvania RR deb 4%s—1970 107% Pitts C C & St L 5s ser A... Warner Bros Pictures 6s 1970 1939 Western Maryland 1st 4s...1952 100% 80% 116 15 Dec. 14 Dec. 105 115% 128% Dec. Dec. 5 Dec. : 83% 30 158 108% \ 77 1 33% Dec. 31 17% Dec. 31 4 98% Dec. 88 Dec. 128" :m 10 17% 97% 85% 9 107% 106 Dec. 87 Dec. 91 Dec. 1 89% 103 Dec. 11 102% Dec. 30 72% Dec. 10 109 99 135 Dec. 67% 108% 91% 34% Dec. Dec. Dec. v . 136 116 Dec. 98% r 70 Dec. 4 72% Dec. 15 "70% 1 110% Dec. Dec. 7 94% Dec. 46% Deo. 30 Dec. 48 Dec. 1 94 46 110% Dec. 112 Dec. 11 44% 110% 104% Dec. 107% 124% 100% 106% Dec. 1 105% Dec. 11 Dec. 14 "99% Dec. 15 106% 122 "98% 2 101% Dec. 95% Dec. 66% Dec. 43 Dec. 98 Dec. 104% Dec. Gold imports sum $3J,- A feature of the month borrowings to a level wasap¬ proximately 26 % higher than a year ago, a development commonly associated with the quickening pulse of coinmercial and industrial activities and the rising tendency of commodity prices. 5 101% Dec. 5 83% Dec. 117% Dec. 12 79 113 in reduction of the Reserve * scrap gold, the nkonetary gold stock of the country rose by about $75,000,000, bringing the increase for the entire year to ap¬ Dec. 108% Dec. are Including newly mined domestic gold and 103.9 Price fund England and $9,600,000' from India; 102.17 Dec. 115% Dec. was increase during the month totaled $52,400,000 of which 103.2 Closing another Banks* or 105.21 116 longer as "inactive" gold requirements 31 109 no reserves, reserve 30 Dec. 31 or either ^through 31 Baltimore & Ohio 1st gold 4s-1948 Convertible 4 %s -.-I960 Bost & Maine 1st 5s ser A-C.1967 foreign further expansion of the credit base consideration, Dec. Dec. or to the "sterilization" measure, predictions con¬ tinued to be heard in authentic quarters that supplementary 105.2 99% Dec. '-t r addition 105.31 Dec. 78 947,385,000 MHM&P thereby established by the .Treasury was for the first time announced on Dec. 24,^m .the^amount of $14,835,000. " In, 104.14 Dec. 79 % 1 corresponding increase in .bank a 104.12 Dec. 101 864,231,000 42,672,000 i 40,482,000 DECEMBER, - :; t"; $ - gold additions will become "sterilized" and will 103.29 Dec. Amer & Foreign Power 5s 2030 Atch Top & S Fe gen 4s._—1995 $ whether, of.xioinestic 105.13 Dec. Allegheny Corp coll trust 5s-1944 ' origin, will be paid with: funds obtained'by the sale of public debt obligations in the; open markets As a result, future" 104.24 Highest 100,920,771 60,027,441 952,758,000 35,914,000 25,237,000 Tteasijiryjdn I}eci21 tb the effect thai hereafter purchases-of.gold,. 104.7 Lowest 2,680,000 outstanding event of the past month was the announce* 105.13 Range for December, 1936 ■ ? 69,048,000 823,050,000 1,172,064,000 1,013,909,000 105.13 Price 1,556,000 $ 790,556,000 1,141,044,000 19,202,000 ,17,851,000 13,292,000 13,169,000 THE MONEY MARKET DURING The $ 63,030,000 3,338,000 i 83,532,000 $ DomesticForeign government.!.. \ ' - value)-r - 6,709,231 •! V \ 87,101,000 1,365,000 Total bond sales $ ■ 79,237,000 2,739,000 v Foreign corporate— ■- ! 5,036,406 82,649,000 3,046,000 1,406,000 * 3 1933 > { ; 58,091,000 2,583.000 ■f — 9 Dec. 1 $ 1934 1935 yr *14,695,352 Domestic!.-——-L. Foreign government. rt 105.9 Opening $ ;t; VOLUME OF BUSINESS ON THE CURB EXCHANGE 104.26 Dec. Industrial Bonds 42,250,000 i- 104.30 Railroad and. 172,955,000 64,050,500 Total bond sales. J— 3,576,874,000 3,339,458,000 3,726,231,700 3,368,903,850 101.15 2%s series B....... 1939-1949 2%s series G 1942-1944 ■ 43,628,000 52,667,000 2,899,372,000 2,287,488,000 2,238,905,700 2,099,167,400 State, munic. & foreign 358,615,000 378,026,000 602,268,000 768,568,500 U. S. Government 318,887,000 673,944,000 885,058,000 501,167,950 105.30 A. 1952 $ • 496,046,869 value)— 4 ser 1933 ' 34,876,456 279,255,500 1944-1949 Home Owners' L'n 3s ' 272,869,000 3s.4 —.—1942-1947 :2%s..1942-1947 : 1934 23,588,612 314,429,000 105.31 Dec. Dec. 72% > EXCHANGE 355,879,000 101:15 Dec. 31 » STOCK 21% in"% 1 Dec. 31 Dec. 176,574,000 105.18 Dec. 3s_. 1 $ 100.24 Dec. ' Dec.! ~28% } 260,871,000 33,094,000 20,464,000 t IOV.28 Fed'l Farm Mtge 3^8.1944-1964 1 Railroad and miscell- 104.20 ....1945-1947 — Dec. 1 previously done through the practice of paying for. the gold with funds obtained by; depositing gold certificates with the Sale Lowest Bond sales (par cause Last Sole Dec. 1 2 31 1935 ; > 50,468,000 23,378,000 147%. Dec. 45,589,317 S 282,033,000 at ;ii4% 3 Dec. 29 19% Dec. 29 23% 104% Dec. 5 105% 111% Dec. 28 113% 67% Dec. 24 72% 113% State, munic. & foreign U. S. Government--—. 31 108%. 1 2 Dec. 28 130% Dec. Dec.; 26 23 : Railroad and miscell-.- Dec. 1 10 103% Dec.) 125% Dec. 29 131 "30% 105% with the close 10 Dec. 114% Dec. 22 115% Dec. (State) 5s. 1957 highest Dec. 1 at 147 and at its lowest 123% Dec. 1 to 110 Dec. 12, with the close Dec. 31 at 116%. General Electric was at its lowest Dec, 2 at 50% and at its highest Dec. 30 at 55, with the close Dec. 31 at 54%. Allied 100 114% Dec. 101% 102% 2 8 110% Dec. 102 Queensland (State) ext 7s—1941 Rome 1 Dec. .. 107% Dec.* 103% 1965 — New South Sales Dec. 11 at 139%, with the close Dec. 31 at 141. American Tel. & Tel. fell from 190% Dec. 3 to 180 Dec. 21, with the close Dec. 31 at 184%. American Can moved down from . 97 3 7 (Govt) Internat 5 %s ; . was 97 110% Canada (Dominion) 5s-----1952 French Republic 7%s stpd—1941 External 7s stamped-—„ 1949 German (Rep) 7s stamped.—1949 As to the fluctuation in individual stocks, United States Steel was at its lowest Dec. 2 at 73^ and at its highest Dec. 17 at 79%, with the close Dec, 31 at 78. Steel pre¬ Dec. 30 102% Dec. 101% Dec. 30 102% Dec. 1 110% Dec. 109% Dec. 101% 102% 109% -1957 Belgium (Kingdom) 6%8—-1949 Brisbane (City) 5s.- — 1957 German 8.9%. 102% —1955 Government financing during December 23^% Treasury bonds of 1949-53 and the exchange of $551,212,700 of these bonds and of $206,795,200 of 134% notes of 1941 for maturing Treasury notes. The net addition to the public debt re¬ sulting from these transactions was limited to $350,000,000 owing to the redemption of existing obligations. The prac¬ tice of issuing each week $50,000,000 more Treasury bills than matured was continued during the month. Excess member bank reserves, chiefly due to the seasonal demands for currency for the holiday trade, declined from $2,210,-' 000,000 to $1,880,000,000 Dec. 23, although during the lastweek of the month the rapid return of currency caused a recovery to $1,950,000,000. Discount holdings of the 12 Reserve Banks rose from $6,065,000 Nov. 25 to $8,882,000 Dec. 23, but subsequently declined to $5,377,000 Dec. 30.: Bills bought in the open market again remained virtually ! unchanged at $3,089,000 Dec. 30 against $3,086,000 Nov. 25, while total member bank reserves declined from $6,-; 794,650,000 Nov. 25 to $6,571,721,000 Dec. 30. Average rates on 273-day Treasury bills rose from 0.08 to 0.29%, included the sale of $751,436,750 I while average yields on long-term Treasury bonds stiffened from 2.11 to 2.15%. On the Stock Exchange the official r$te for call loans remained unchanged at 1%. CALL LOAN RATES ON THE NEW YORK STOCK Low 1 i 1 1 i 1 1 Dec. 2 Dec. 3 Dec. 4 1 Dec. Dec. Dec. Dec. Dec. 5 Deo. 22 1 1 Deo. 24 l 1 : J 1 .i,: i l 1 ■■ r Dec. 12. 1 1 Deo. 15— l ■ 1 1 1 Dec. 31... 1 1 l Dec. • 1 Dec. 30 1 ■ V; which, how¬ remained $38,000,000 smaller than a year ago. The increase over October was due chiefly to a seasonal increase of $10,000,000 in export bills and $5,000,000 in domestic warehouse credits. At the end of November accepting in¬ stitutions held about $309,000,000 of bills and other in¬ vestors held $40,000,000." I Call Loans 4 Secured by I 1 2— 1 1 3— 1 1 :.Vv 1;:^: m. mm mm X-he mm mm X~he X~*\e mmmmmm 4 5 6 Time loan rates on security collateral remained nominal 134% for all maturities. With trading activity showing a decline, and with a slightly lower price trend, little demand for accomodations existed, outside of the renewal of old at • ■ Vv V. >; < k':' 8 mm mm mm X~he X^X6 mmmmmm 11— m mm mm X^xe X^X6 X~316 X~3X6 X~3X6 X~\e X^xe m mmmmmm 10 Sunday. X^X6 X^xe x-3™ M-316 X^6 -,'. 7 9— X^X6 X~3X6 M~316 X-3\6 Saturday x-3™ —mm DAILY RECORD OF TIME LOAN m mm mm Rates on Mixed Collateral mmmmmm mmmmmm 17 mm mm m mm )4_3i6 X-*\6 X^xe X^xe ; .4'" mm 18 Dec. l— Dec. Dec. Dec. Dec. Deo. Deo. 2... Dec. Deo. 8... 5 Months 60 Days 1)4 1)J 1)1 p 4 J 3— day 5... 1 9— l 1 Dec. 10--. Deo. 11— Deo. 12 Dec. 13 i Deo. 19 f 4 IX IX ll day Deo. 20 Deo. 21... i ix day day Dec. 27 day V/x Dec. 29 IX i 4 Dec. 31— 316 X~3X6 IX IX Commercial paper again was in active call by bank in¬ vestors, and offerings continued to fall short of the demand. Rates remained unchanged at %% for average grade prime four to six month maturities, although some transactions %% where unusually high grade names were involved. Under date of Dec. 16, the Federal Reserve Bank of New York announced that returns received by the bank from commercial paper dealers showed a total of $191,300,000 of open market commercial paper outstanding on Nov. 30 compared to $198,800,000 Oct. 31 and $178,400,000 at the end of November, 1935. ' occurred at Week Ended— Dec. 19 Dec. 26 1@1 1@1 1@1 Stock Exchange: Range for week (mixed and in¬ dustrial collateral) 1@1 Week's average (mixed and in¬ dustrial collateral) 1 1 1@1 1 1 1 1 f Time loans (mixed & lndust. coll.): Thirty days .... Sixty days Ninety days Four months... Five months Six months Commercial paper: Double and single names: Good 4 to 6 months .... % i i 4 4 i 4 i IX) ix X i* 1 its x I X 1 Trading in bankers' acceptances expanded slightly, owing a small seasonal increase in the supply of bills. Outstand¬ ing acceptances, according to the monthly survey of the Acceptance Analysis Unit of the Federal Reserve Bank of New York, totaled $349,053,490 Nov. 30, as against $330,205,152 Oct,.81 and $387,373,711 Nov. 30, 1935. Import bills rose from $109,921,036 Oct. 31 to $111,665,054 Nov. 30, export bills from $67,008,011 to $77,349,139, domestic warehouse credits from $65,111,988 to $69,473,310 and domestic shipment bills from $9,995,182 to $13,232,970, while bills based on goods stored in or shipped' between for¬ eign countries receded slightly from $76,548,201 to $76,010,759. Rates for bankers' acceptances throughout the month continued to be quoted at H% bid and 3-16% asked for 30-day, 60-day and 90-day bills, at 5-16% bid and M% asked for 120-day bills and at bid and 5-16% asked for bills running 150 and 180 days. The New York Federal Reserve Bank, in its "Monthly Review" discussed conditions in the market for bankers' acceptances as follows: "A slight increase in trading activity occurred in the bill market during December but not of such extent as to change materially the character of the market that has prevailed for many months. As is usually the case, dealers' portfolios to . 4 , 516-X 5^-S16 *16-X *16-X «-»16 ^-*16 ' X-3^ J X-3* Av H-516 X-316 HJI6 H-516 H-»16 x-3™ X^e X-3™ S16~X S16-X 516~X v-.x: *<6-X X~3\(> X~3t6 M_316 S16~X S16~X 9i6~X .ft H-*ir mmmmmm mmmmm 30 X-*xe X^X6 X~3xe mmmmm m X-3™ 31 x-3™ • X-he X^X6 ■" 3)6"X X~he X-he 516-K S16~X 516-X X-3\e X^\S X~3\6 • • • : V.'. '*' X-'te X^e X^e ^-*16 X-3xe K X-516 RETURNS OF BROKERS' THE FEDERAL RESERVE LOANS IN NEW BANKS- YORK CITY The banking position in December was influenced by the holiday demand for currency, the Treasury's quarter date large, contra-seasonal demand for a com¬ But perhaps of greater long-range import¬ to the banking system thain anything else which came during the month was an influence which began to make itself felt in the last few days of the month. This influence was the embarking by the Treasury on a policy of "sterilizing" gold imports. Announcement of the adoption of this program came from Secretary of the Trea¬ sury Morgenthau on Dec. 21 in the form of the following ance about statement: "The Secretary of the Treasury, after conferring with the Governors of the Federal Reserve System, an¬ nounces that he proposes, whenever it is deemed advisable and in the public interest to do so, to take appropriate action with respect to net additional acquisitions or releases of gold by the Treasury Department. Board of "This will be accomplished by the sale of additional public debt obligations, the proceeds of which will be used for the purchase of gold, and by the purchase or redemption of outstanding obligations in the case of movements in the direction." In Dec. 12 Prime 4 to 6 months S16~X Saturday Sunday p:V' • '*■ 27 reverse RATES FOR MONEY AT NEW YORK on H-»16 x-3™ X-*i6 X-Sie X~3i6 %-s\e Holiday mercial credit. j£ 4 i Dec. 28 Deo. 30... mm mmmmmm mmmmm 24— operations and day Dec. 22... Deo. 23... Dec. 24... Dec. 25... Dec. 26... 23 IX IX 1 4 i 4 Deo. 18... \l x-3™ day ' IK Dec, 14— Dec. 15— Deo. 16 Dec. 17— mmmmm 29 li day / X-*16 X~3\6 X~3X6 X-*\6 x-3\e X~3xe X-*\* X~*\* m'mmmm ■ 22— 28 b? 516~X *16~X S16~X X-3^ v H-»16 X~316 H-Ste J|-516 Sunday 26 IX 4 X^\* X-3^ X~3)6 x-3™ X^16 Saturday 25 day 6— 7— 19 20— 2l.v— TVS 4—_ 6 Months X-3™ X^xe X~3X6 X^xe X-*i* mm m 15 16 30 Days M-5!* Sunday 14 RATES i 5ie-X Si6~X 516-M 316~X Saturday 12— 13 loans. Call loans x-3™ X~~3X6 ,X-3\6 X~3X6 1 1 \ 90 Days 60 Days 120 Days 150 Days 180 Days 30 Days Accept ces Bid & Ask Bid & Ask Bid & Ask Bid & Ask Bid & Ask Bid <fe Ask V Dec. 1 ■■■r PRIME BANKERS' ACCEPTANCES > l Holiday Saturday Sunday Dec. 29— 1 "; v i Deo. 28 Sunday l were, a l l:f: r Dec. 27— Saturday 13 Dec. 14... 16— 1 Deo. 26 i 9... l Dec. 25... l 8— 10 1 1 Dec. 23— somewhat larger than a month earlier* further rise of $19,000,000 to $349,000,000 end In November occurred in the toal volume of outstanding bills i.4: l •>' 1:V, • ••• l Saturday Sunday Deo. 21— 1 -■(' 1 7... i V 1 18 19 Dec. 20— Sunday 6-... !;'■ 1 Deo. 1 i Renewal High 1 17— Dec. Saturday Dec. 11--. Dec. Dec. 1 1 at the year ever, EXCHANGE Low Renewal urn i Dec. Dec. REVIEW MONTHLY 116 commenting on the gold sterilization program, Marriner S. Eccles, chairman of the Board of Governors of the Federal Reserve'System, said on Dec. 21 that, with such a plan in operation, the Federal Reserve System would be able to deal adequately with the excess reserve situation without asking further powers from Congress. "This should not be construed," said Mr. Eccles, "as a policy away from easy money. There are adequate excess reserves in the System to take care of all needs of the country's credit." The purpose behind the sterilization move was to keep gold imports from building up member bank reserves. Excess reserves dropped from about $2,900,000,000 to about $1,800,000,000 last Aug. 15 when, by (Federal Reserve Board order, member bank reserve requirements were increased by 50%. But the heavy imports of gold since midAugust have added so considerably to the total of bank reserves that an increase in excess reserves to around $2,400,000,000 was in prospect toward the end of January as holiday currency was retired from circulation. The Treas¬ ury lost little time in putting the sterilization plan into effect, and by Dec. 29 the Treasury's daily statement showed that $19,917,752 of gold was in the "inactive fund." Pur¬ chases of newly mined and scrap gold, as well as gold imports, were being placed in the inactive fund. In spite of a decline in currency circulation of $130,-' 000,000 in the week ended Dec. 30, total currency in use increased $121,000,000 in the five-week period from Nov. 25 to Dec. 30. The holiday demand for currency and the. $151,750,000 increase in the Treasury's deposit with the Reserve banks were the most important factors making for the $222,929,000 reduction in member bank reserve balances during the period under review. The reduction in excess! reserves during the five weeks amounted to $260,000,000. Federal Reserve credit in Federal Reserve credit use rose $27,000,000, with other (chiefly the float) alone up $29,000,000.; Monetary gold increased $89,000,000 to a newrecord peak at $11,251,000,000 on Dec. 30, and deposits of gold certificates with the Reserve banks by the Treasury amounted to $83,040,000. So long as the gold sterilization continues in force, it is not expected that the will deposited any substantial amount of gbld program Treasury certificates. Three forces combined to cause the $151,750,000 increase in the Treasury's balance with the System in the five-week period. They were income tax payments, cash to the new bonds offered on Dec. 15 and the subscriptions more Other loans of the reporting New York banks rose $112,000,000 in the five weeks ended Dec. 30, while these banks Government securities decreased $120,000,000. Bank hold¬ ings of Government issues have been declining with some rapidity since the record high was reached on July 1. Total loans and investments the of New York banks were up $124,000,000, and their demand deposits rose $43,000,000. Reflecting book credit subscriptions to the Dec. 15 issues, Government deposits of the New York banks increased $121,000,000. Total loans and investments of the weekly reporting banks in 101 cities increased $540,000,000 in the four weeks from Nov. 25 to Dec. 23. Other loans increased $236,000,000, Government securities increased $112,000,000 and other securities were up $44,000,000. Loans to brokers and dealers by reporting New York banks, the so-called brokers' loans, were up $74,000,000 in the five weeks eneded Dec. 30 in New York City and were unchanged outside New York City. Street loans, as com¬ piled by the New York Stock Exchange were $67,420,459 higher, the aggregate of these loans on Dec. 31, 1936 being $1,051,425,165 as against $984,004,702 Nov. 31, 1936 and $938,441,652 Dec. 31, 1935, \ COURSE OF STERLING EXCHANGE DURING DECEMBER Sterling exchange during December was exceptionally steady, due largely to the effective cooperation of the ex¬ change equalization fflnds under the tripartite agreements of Sept. 25 and Oct. 13. Fluctuations were within a narrow range, in but the pound ruled slightly firmer November. The volume of trading dent to year-end settlements. large extent security reduced a balance than not large, and due to commercial demands inci¬ the greater firmness was a on was These requirements offset to shifting of funds occasioned by market operations. abroad were seriously affected by the constitutional crisis resulting from the dispute between King Edward VIII and his Cabinet. The extreme hesitancy caused by the controversy not only retarded the stock exchanges but also strongly influenced foreign exchange transactions. Through¬ out the crisis foreign exchange rates did not fluctuate widely because of the restraining influence of equalization fund operations. The problem was solved by the abdication of on Dec. 10 and his departure from England Following the accession of George VI confidence King Edward on Dec. 11. was promptly restored and, as with the security markets, the'foreign exchange market also became more active. An important event affecting the future of both sterling the dollar and Treasury on was the Dec. 21 to step taken by sterilize the United States all imported and newly- mined gold by purchasing it with funds borrowed in the market and placing it in an inactive fund, where it open can have no effect on $5,700,000,000, while short- if were anything, they had grown larger. Throughout the month there was England to the United States. France steady flow of gold a from From Sept. 25, when the gold standard, until the close of shipments through London to New had approximated $150,000,000. There could be no doubt that a large part of this gold was derived from gold suspended December, such gold York hoarded in London and to New York in order to take came advantage of the profit to be gained from the American price of $35 per ounce. It piay be assumed that the pro¬ ceeds of such markets gold sales went into the American security inducement existed for its return to Europe. hand, it is safe to assume that some of the gold arriving may have come from the British exchange equalization fund. as no On the other Early in the month Chancellor Neville 'Chamberlain said in the House of Commons Britain ment under would change terms from come equalization to answer the the a that any gold released by of the the stock fund. question as agreement would tripartite currency The to held Great agree¬ by the British statement ex¬ made was whether countries adhering be permitted to take gold from in to the issue department of the Bank of stock held by the exchange England or only from the equalization fund. It was the disclosed around the middle of the month that British gold, equalization fund held large excess stores of the Bank of England statement on Dec. 16 showed as record increase in gold holdings for any single week in history of the Bank amounting to £65,025,086. The great increase in gold resulted in a net expansion in the Bank's gold reserves of only £5,025,086, for at the request of the a the Bank of England the fiduciary issue was reduced by £60,A few days before the Bank's statement was issued 000JXX). the decision to increase the gold reserves of the Bank of England and to reduce the fiduciary issue was disclosed by Chancellor of the Exchequer Chamberlain in reply to a question in the House of Commons, but no explanation was offered as effect reduction bility the to the motives prompting the decision. The imme¬ gold transaction, combined with the fiduciary issue, was to offset any possi¬ of credit expansion through gold acquisitions, with diate of of the the result that the transaction ing gold in London in the United States Treasury same had the manner discussed effect of steriliz¬ the plan of the as above with respect to American gold acquisitions. Throughout the month, as since the middle of October,; was a heavy repatriation of Dutch funds, accom¬ panied by a movement of gold from London to Amsterdam, tbere ] In the early part of the month financial markets here and States of approximately balances placed at about $1,300,000,000. At the epd of the year market observers were of the opinion that hardly any change could occur in these estimates, and that, sale of $50,- Treasury bills each week than matured. While the Reserve banks' holdings of Government securities were unchanged as to total amount, the System shifted about its holdings a bit around the financing date. During the five weeks, the Reserve banks' investment in bonds rose $109,317,000 and their holdings of notes and bills declined $108, 200,000 and $1,117,000, respectively. Member bank dis¬ counts decreased $688,(XX), and bills bought in the open market were up $3,000. Mainly because of an increase of $40,061,000 in foreign bank deposits, non-member deposits and other Federal Reserve accounts increased $77,000,000. 000,000 estimated that foreigners held long-term investments in the United term ' 117 REVIEW MONTHLY Jan., 1937] the supply of bank credit in this country. The cornerstone of the new plan is that the Treas¬ ury will no longer pay for gold which it buys by issuing gold certificates against it and thus inflating bank reserves, but will instead borrow on weekly bill issues sold in the open market the funds needed for gold purchases, thereby neutral¬ izing the effect on the money market. Likewise, when gold goes out the due to expanding business in Holland and especially to upward surge Indies. in the business affairs of Despite the movement of the Dutch an East funds and gold from Amsterdam, there was at all times good demand for sterling on commercial account and a steady movement of funds from many parts of the world to London, which offset contrary movements. Following the conclusion of the tripartite agreements of London to New York and a Sept. 25 hoarding of French funds in London was notice¬ ably diminished and for some weeks inquiry for British bank notes from foreign sources ceased. However, during Decem¬ ber the demand nental hoarders from the same British notes there source on the At the part of Conti¬ same time and demand for United States This demand for British notes was, however, only currency. a for obviously increased. very minor factor in was a bringing about the record increase in British note circulation which was recorded on Dec. 23. The expanding note circulation was due almost entirely to the steady increase in British business which in many sec¬ tions amounted to boom proportions. The for currency was On Dec. 23 the £474,115,000 £424,506,785 Treasury will, if it deems necessary, purchase or redeem its outstanding bills. '■■V, In setting forth its new plan the Treasury made it clear in that it reserves the right to change its policy at will. holiday demand finally responsible for the peak circulation. Bank of England's note circulation reached (highest a year in history), earlier and which with compared with £351,618,000 in the December. new The plan will have practically the credit inflation between the as same effect in arresting accounting system which exists exchange equalization fund and the the British Bank of England. The Secretary of the Treasury declared that the American system differs from that used in Great Britain. But it may be accepted that the difference is only apparent and arises from differences in the mechanism of the two markets. A report toward ; American securities since 1935, and at the date of the report held "readily marketable stocks and bonds" of between $4,000,000,000 and $4,350,000,000. The Board asserted that three factors indicated the relative stability of these invest¬ ments. First, the trend of foreign buying had been Second, steady. even the depression here caused of foreign are no net liquidation holdings. Third, the bulk of these holdings still pre-depression in character. Early in November it was just prior to the suspension of gold September, 1931. bank clearings British reached record high figures in Most industries in Great Britain maintained the expansion which had occured during the year, while for many the new year held promise of further increase in The turnover. London "Financial News" index for 30 industrial issues, based on the average of July 1, 1935, as 100, was 122.6 on Dec. 17 compared with representative 114.9 a month earlier, 105.2 June, 1932. a year earlier, and with a low record of 41.6 in Gold by the Governors of the Federal Reserve System middle of the month pointed out that it was that foreigners had acquired $1,000,000,000 of the estimated statement of the Bank on offer in the London open market during Decem¬ to £7,152,000 as ber amounted November compared with £8,169,000 in and £13,765,000 in October. During the month London check rate on Paris ranged between 105.12 and 105.16 francs to the pound. The London the mean open market gold price ranged between 141s. 4d. and 142s. Id. per ounce. The American official price for gold (Federal Reserve Bank of New York) continued at $35 an ounce. London open . market money rates were firm in December owing to yearend requirements, but near the end of the month tapered off to the basis of November, which rate for the first 11 months of represented the average During the week 1936. 118 ended MONTHLY Dec. 5 three-months' and two- hills bills, 21/32%, and six-months' bills, 11/16%. Early in the week ended Dec. 19, two- and three-months' 1 3/32%; four-months' bills, 31/32%, and sixbills, 15/16%. In the final week of the year all maturities were quoted 23/32%. Call money against bills was available throughout the month at %%, excepting for Dec. 24, when'the rate went to 1%. Sterling cable transfers on Dec. 1 were $4.90% @$4.91%, and on Dec. 31, $4.90 15/16@ $4.91i4. 'The low for sterling in December was $4.89%, on Dec.. 7, and the high $4.91 15/16, on Dec. were months' LONDON CHECK RATE ON PARIS AND PRICE federal Reserve Bank of New York, and by receipts of gold 19/32%; were four-months' bills REVIEW from other sources, including domestic newly-mined and gold, and consequently there was an increase of about; 875,000,000 in the monetary gold stock of this country for scrap For the the month. year as a whole the monetary gold approximately $1,135,000,000, following an increase of $1,890,000,000 in 1935 and of $1,390,000,000 in stock risen has 1934, exclusive of the revaluation profit than $2,800,000,000." v of slightly more; . Canadian exchange during December 1/32% and discount of ranged premium of 9/64%. a between ; AND OTHER FOREIGN EXCHANGE '1 ' > A Open on French francs ruled Open ' Check Rate Gold Price Paris London London Market Check Rate on Mean V London Mean Market . Paris ,*■ the dollar throughout Dec. 1 105.16 141s. uV':'7<L Deo. 2.... 105.14 141s. 3..— 105.12 141s. 4 105.14 105.15 Dec. Deo. Dec. Dec. 7 105.13 141s.\ Dec. 18. 105.14 141s. Dec. 19. 105.13 141s. 5H>d. 6H»d. 7d. 141s. Dec. 20- 141s. Iiw. Deo. 21, 105.15 141s. 105.14 141s. 7d. &<■ sun day 105.14 142s. Id. Dec. 23. 105.13 141s.v Dec., 8 105.13 141s. 9 Hid. Dec. 24. 105.15 141s. Dec. 105.13 141s. 9d. Dec. 25. Hd. 9Hd. lOd. Dec. 27. "'"sun day' Dec. 28. 105.16 9---. Oct. 13. 8Hd, Dec. 22. SUN DAY 6 Deo. 17. 8H»d. 9^d. 9^d. Dec. 10 105.14 142s. Dec. 11 105.14 141s. 141s. and 141s. 6J4d. Dec. 29- 105.14 141s. 4d. 141s. 9d. Dec. 30-. 105.16 141s.' 8d. Deo. 15 105.14 141s. 9d. Dec. 31. 105.16 141s. 7d. 16 105.14 141s. 7d. 105.16 Dec. SUN DAY 13 In commenting on the foreign exchange situation during its'"Monthly Review" for Jan. 1: of . New York said in ; , "The principal European currencies were generally firm dollar during December, although quotations moved within a narrow range in a comparatively inactive market. The pound sterling, which had been quoted at against the $4.90% at the close of November, was fractionally higher toward the end of December at about $4.91%. The French franc recorded a similar small funds ; held- within a narrow gain range over the same period, The London-Paris rate of 105.17 to 105.13 francs pound during the month. The repayment, in weekly instalments, of the £40,000,000 credit extended to the French per French change. no >] monetary; and financial Competent observers here sign of restored any The in failure future the of of Dec. 16 the French the government the franc to inspire shown was t. - r evident con-' when on- Government, in presenting its financial' program to Parliament through Finance Minister Vincent Auriol, made a sudden and complete reversal of its moneta ry stand. The Finance Minister announced a new govern¬ ment loan/(practically a new "baby bond" issue). The drastically revised plan of the government represented the essentials of a major policy of attracting capital rather than coercing it into submission. The government appealed to1 private hoarders to turn in their metal as a loan to help; meet the mounting national The Finance. Minister defense cost. announced the relaxation of ex¬ change restrictions and the virtual removal of threatened severe penalties on hoarding. In stating the details of the no loan, M. Auriol formally proclaimed the cancellation of in¬ structions given to the French bunks just prior to devalua¬ "Continuing the upward tendency shown in the previous tion for the purpose of discouraging the flight of capital At the same time he stated that French capital was to be Treasury in February, 1936, by a British syndicate had direct effect on the foreign exchanges. 4 month, the Dutch guilder rose from $0.5440 to $0.5476 during the first three weeks of December, at "which level it re¬ mained firm. The Swiss franc virtually unchanged during the month at $0.2299. The belga weakened at the end of the month from $0.1692 to approximately $0.1686%. "During December the forward discount on the guilder continued to narrow, was the quotation for three-month contracts 13/16% per discount of 6%% declining from the equivalent of 1 11/16%, This as contrasted with a movement reflected the combined effect annum on of to Oct. 2. several related factors, including the covering of short positions in Dutch exchange, a return flow of funds to Amsterdam from both London and New York, the development of easier con¬ ditions in the money and capital markets, and the removal of •;,V cooperation among ineffective.. rising from $0.0466% to $0.0467%. also the unable to discover were since in the financial policies of the French Govern¬ All efforts by tbe French authorities to draw French out of hiding, whether at home or abroad, seemed fidence December the Federal Reserve Bank view showed abroad ment. 105.15 Dec. wider the case confidence Dec. 26. Dec. 14.... Deo. 12.— The steadiness was the result of situation 6d. - 6^d. HOLI day has been the as tripartite agreements of Sept. 25 and' the several exchange equalization funds.,, In v- steady with respect to sterling and December, Gold Price he conclusion of the Deo.' V OF GOLD IN LONDON CONTINENTAL London a ; supervision formerly applied by the Netherlands Bank to forward exchange dealings and to the extension of foreign credits by Dutch commercial banks. The forward dis¬ count on Swiss francs also virtually disappeared. The premium on the forward belga rose somewhat, reaching %% per annum in mid-December and closing the month at about %%. Three-month forward contracts in the French franc reached a discount of approximately 9% % at the end of December. a of/ coercion in order to guarantee the exchange value of the liberty of circulation of capital. amount of the new loan was not currency and The Its terms are definitely fixed. Against gold surrendered be¬ Jan. 15, three-year 3%% bonds at the rate as tween Oct. 1 and follows: 100 of pre-devaluation francs redeemable at 140% will be issued, and these bonds will be accepted at redemption value in the payment of inheritance taxes to the amount of 30%, besides being liberally acceptable by the Bank of France as security against loans, and also one year hence against 30-day advances. Against the Auriol "baby bonds" (the issue which failed of acceptability a few months earlier), nine-year 4% bonds redeemable at 140% will be issued, and these will be accepted at redemption value 20% for of inheritance taxes. The Bank of French exact France5 statements monetary position. longer disclose the no All explanations of the inter-relation of fund movements between the equalization fund and the Fank of France and between the Paris finan¬ cial authorities and those of other countries are subject to . "On Dec. 10 the Argentine Government announced in its official selling rate for the pound sterling free in all its movements into and out of France. M. Auriol " declared that the international monetary agreement freed France from the necessity of resorting to measures change from 17 extreme reservations because of the secrecy surrounding the action of the exchange funds and the Bank of France. 16 pesos, or the equivalent, at $4.91 per pound ster¬ ling, of 30.7c., per peso. The official buying rate remained on unchanged at 15 pesos per pound. tion enacted pesos to. the. peso Meanwhile, the rate for in the free market advanced during December from 28c. to 30.6c." of England during December were as follows : For the week ended Dec. 2, a decrease of £195,257; for the week ended Dec. 9, an increase of £143,554for the week ended Dec. 16, an increase of £65,025,086; for the week ended Dec. 23, a decrease of £61,741, and for the week ended Dec. 30, an decrease of £65,920. The Bank's gold holdings were at all-time high on Dec. 16, at £314,339,926. The Bank's gold holdings on Dec. 30 stood at £314,212,259, as compared with £200,609,014 a year earlier, with the minimum of £150,000,000 recommended by the Cunliffe Committee, and with £136,880,252 in the Bank's statement just prior to the suspension of gold in September, 1931. Details of the gold movement to and from the Port of New York were outlined as follows in the "Monthly Review" of the New York Federal Reserve Bank for Jan. 1; : 4 "A moderately large amount of gold continued to be im¬ . ported into the United States during December. Imports affecting the monetary gold stock totaled $52,4p0,000, of which $33,900,000 from' England, $9,600,000 from India,' $4,100,000 from Canada, and $3,300,000 from Switzerland wer4 received at New York, and $1,100,000 from Australia and $400,000 from Hongkong arrived on the West Coast, r imports were supplemented by i the release f: of $2,600,000 of gold from earmark for foreign account at the were revalued Sept. 26,1936, in accordance with the devaluation legisla¬ on that date. Immediately following the de¬ valuation, 10,000,000,000 francs of the Bank's gold was taken over by the French stabilization Changes in the gold holdings of the Bank 'These The gold holdings of the Bank of France nounced fund, but it was an¬ later that 5,000,000,000 francs of the few days a gold had been returned to the Bank. From that time on the Bank's/weekly statement accounted gold holdings at 64,358,742,140 francs. No change was shown from week to week until the statement of Dec. 000,000 francs in gold 4, when was recorded. loss of 4,000,- a This loss, it is believed, / represented the repayment of the gold loan made by the London banks to the French Treasury earlier in the year,' Subsequent statements of the Bank of France recorded gold holdings unchanged from francs. Paris cable 4 ; On 67%, and The Dec. Dec. 31 at on week to week at transfers 4.66%@4.67%. German monetary, financial and proved 60,358,742,140s at 4.66% @ sold ! ; 4 • economic situation progressively out December. and 1 lack German of unsatisfactory and difficult through¬ The appalling scarcity of foreign exchange, reserves financial continued authorities everywhere who had concerns. S> Early in the month business to but perplex all not only the1; responsible persons transactions with German v new exchange decrees promul¬ gated empowering the exchange control service to seize and, administer the fortune and property of any citizen suswere j , pected of an intention to go abroad permanently., decree ordered the death for Germans who ox other property abroad.' The hew' dedrees One smuggle were new money. designated my ' 'v/ -■S Jan., 1937] "law the as law MONTHLY against price increases REVIEW economic sabotage." Under the new prohibited for all goods and serv¬ were effective, lifting into and ices and heavy penalties were imposed on merchants or pro¬ ducers who withheld goods from the market - of trol. frozen getting out of con¬ rule new On social pressure. severe Dec. 26 the ' ; with 82,474,000 marks at a and 1 the both the of Nov. 21 of the Polish the Finance Min¬ currency would be not —'■ Dec. 21 stated that the on the countries on and in usual the strict Dutch neutral Gov¬ during the currencies guilder showed to sterling. steady were firmer a war was The Scandinavian currencies relation undertone repatriation of funds which The rate Norwegian The owing had moved as Swiss to the However, a result of earlier away The National Bank increased its rediscount Dec. 5 from on 3%% to 4%. The 3%% rate had been May 23, 1933, when it was reduced from 4%. in effect since Government decree and in the year.. Swiss National Bank has been heavy recipient of a gold since the outbreak of the Spanish civil war, and more especially since the conclusion of the tripartite currency agreements at the end further credit of September. inflatiton the Swiss In order to forestall bank announced early longer buy all gold offered it, but would make each offer a subject of individual negotiation. Funds were so plentiful and credit so easy in the month that it would held Italian Polish cooperation of the exchange equalization funds. exceptionally steady during Decem¬ ber through the medium of the Rome exchange control. On Dec. the . as franc steady and inclined to firmness throughout they have been during the entire year. Bel¬ were at Greece, Yugoslavia, Rumania Turkey, the countries comprising the Balkan entente, moved gian financial and economic conditions showed progressive improvement as the year drew to a close. Belga cable transfers sold on Dec. 1 at 16.90% @16.91%, and on Dec. 31 % at. 16.84% @16.85. ♦ ; Italian lire that •; Exchange at as made at the opening were generally firm in December. were December, been total recent tripartite agreement. They declared that they desired chiefly a definite stabilization of the currencies of the principal Powers. Dec. 31 at 40.23%@40.24. Belgas have the the on Dec. 31, 1932. 1.4%, compared with 2.04% a year earlier, & and with 25.8% on Dec. 31, 1932. On Dec. 1 the so-called free or gold mark was quoted at 40.23@40.24, and on ratio stood place a communique at the conclusion of a conference held Dec. 19, stating that these countries were unable to join on marks, compared earlier, and with 806,On Dec. 31 the Bank's 785,000 marks estimates to authorize the which issued 66,452,000 year Reliable soon credits of the central banks of ernors first quarter of December, an increase of 312,000 for the second quarter, no change; for the third quarter, a decrease of 25,000 marks, and for the fourth quarter, an increase of 68,000 marks. Total gold and stood States Dispatches from Athens after notes the 31 affirmed devalued. J marks; Dec. United Italy. statements ister The Reichsbank statement for the last quarter of Novem¬ an increase in gold and bullion of 490,000 marks; on all Parliament, when both the Premier ber showed bullion in These into the country. The purpose of the decree was to compel ^tourists to bring foreign currency into Germany instead of | buying German bank notes abroad. for of Polish dispatches from Warsaw on Dec. 1 stated that devaluation of the zloty could yield only negative results for Poland and might lead to ruin instead of improvement.4 Berlin authorities further tightened cur¬ rency restrictions by a decree which provided that Jan. 1 no foreign tourists might bring German bank sufficiently stable to eliminate fear Rome dispatches on Dec. 22 stated approximately $3,€00,000. was : evidence that the Italian Government flight of capital. a liquidation interpreted to advertise effectively the official theory that private offenders and not State measures were responsible ■l for the as the movement of capital exchange observers inter¬ on Foreign that the Italian Government intended According to Berlin dispatches by unbiased foreign correspondents, the Gorman financiers regard the law decreeing the death penalty for illicit transfer of capital abroad as a political demonstration rather than a preventive or punitive measure. Smuggling of the aggravated degree The Italy. considered its position The fact that such decrees could have become possible was as a clear indication that the hidden inflation in Germany was at last described in the law hardly ever occurs. restrictions of out preted this decree regarded by outside observers \;i 119 no to that became Nov. 25 the Swiss National Bank felt compelled to on DAILY RATES OF EXCHANGE ON CONTINENTAL CENTERS Paris Swiss Holland Francs Belgium Francs Italian Greek Guilders Belga Lira Drachma Banters' Bankers' Dec. Checks Cables 1 4.663*04.67 2 4.663*04.663* 3—. 4.65^04.66^ 4— 4.655*04.66 5— 4.653*04.655* 6—. 4.665*a4.675* 4.66»*a4.665* 4.665*04.665* 4.665*04.667,8 4.655*04.66 4.657,so4.65Ji 4.65»,80.665* 4.66 3* a4.66 5* 4.665*a4.67 11— 12— 4.655*a4.663* 4.655*04.665* 4.653*a4.665* 4.66',604.665* 4.655*04.663* 4.665*04.665* 4.65 5* 04.65 3* 13—. 4.663,804.665* 21— 22— 23— 24— sun DAY 64.40054.42 54.41054.45 16.90 5.26 o 22.98 a 22.99 5.26 3* 54.37054.43 54.38054.46 16.91 5.26 a 22.98 a 22.99 54.40o54.42 54.41054.45 5.26 a 54.40o54.42 54.41054.44 5.26 o 5.26 a 5.261* 5.261* 5.261* 5.261* 5.26 a 5.26 a 5.26 a 22.985*0.995* 22.985*0.995* 22.985*0.995* 22.981*022.99 22.99a22.995* 22.98022.98 5* 22.985*022.99 22.98a22.985* 22.98a22.985* 22.98a22.985* 22.98a22.985* 22.98a22.985* 22.98a22.985* 25— 22.985*022.99 22.985*022.99 22.985*022.99 22.985*022.99 4.66 3*a4.67 4.675*04.675* sun DAY 28— 29— 80— 31- 22.985*022.99 22.985*022.99 22.985*022.99 22.985*022.99 22.985*022.99 22.985*022.99 54.39o54.42 sun DAY 22.98 54.44054.40 54.40054.44 54.41054.46 54.42054.46 54.43054.47 54.43a.54.45 54.44054.46 16.90 ?*a.911* 16.91 54.43a54.44 64.44054.45 sun DAY 54.44o54.46 54.45054.47 a 23.00 54.45o54.46 22.99a22.995* 22.99a22.99 5* 22.99a22.99 5* 54.46054.50 54.60o54.70 54.70o54.73 22.99a22.99 5* 54.73a54.74 54.74054.76 54.74o54.75 HOLI DAY 4.665*04.675* 4.675*04.675* 4.665*04.677,8 4.675*04.68 4.665*a4.665* 4.665*04.675* 4.665*a4.665* 14.665*04.675* 22.98 22.985*022.99 22.98a22.985* 22.985*0.995* Denmark Krone 54.74054.77 54.74054.75 54.74054.76 54.75o54.76 Krona Checks 1. 21.91 21.90 021.91 3— 21.89 a21.90 4—. 21.87 021.88 5— 21.86 021.87 2 6— : 21.913* 21.903*ogl.92 21.893*0.903* 21.873*021.89 21.863*021.88 25.29 o25.32 25.30025.33 3* 25.293*025.30 25.30 025.31 25.28 o25.29 25.283*025.30 25.26 025.27 25.263*025.28 25.25 sun DAY 7— 21.86 021.88 8— 21.90 021.92 21.91 021.93 25.29 021.90 21.88a21.90 3* 25.27 021.89 21.883*a21.90 25.26 021.89 21.883*0.893* 25.27 9—. 21.87 10— 21.88 11— 21.88 12— 21.88 021.89 21.863*a21.89 25.25 21.883*021.90 25.27 sun DAY 13— 14— 21.90 15—,.. 21.893*021.90 10— 21.92 17—. 21.933*021.94 18— 21.92o21.92 3* 19— 21.923* 20—, 021.91 , . 021.93 21.903*0.913* 25.293*025.30 25.30a25.303* 21.90 021.91 25.283*025.30 25.29o25.30 3* 21.923*a21.94 25.313*025.33 25.32 025.34 21.94 021.95 25.333*025.34 25.34 025.35 21.923*021.93 25.31 025.32 25.313*025.33 21.92 a21.93 25.32 25.323* 025.33 sun DAY v >.v\ 5.26 54.63o54.71 16.91ol6.921* 16.911*0.931* 16.911* 16.911*016.92 16.91ol6.911* 16.911*0.911* 5.26 54.75054.78 sun DAY 16.871*016.88 16.861*016.87 16.86016.861* 23— 24— 26— 27— 28— 29— 30— 31— 21.92 a 5.26 a 5.26 a 5.26 5.26 a .895*0.90 .895*0.90 .891*0.90 .893*a.90 a 5.26 a a Bankers' Bankers' Checks Cables Checks Cables .895*0.90 .895*c.90 .891*0.901* .891*0.901* .891*0.901* .895*0.903* .90 0.905* .895*0.90 .891*0.901* Spain Peseta J Bankers' 1 Checks Cables O40.24 18.68018.71 18 69018.72 8 36 24.653*024.67 40.22040.23 3* 40.223*040.24 18.69ol8.71 18.70al8.72 8.35 18.69018.71 18.69al8.70 18.69018.71 18.70al8.72 8.34 18.70ol8.71 8.32 18.70al8.72 8.20 SUN DAY 24.66024.66 3* 24.663*024.67 40.223*0.233* 40.23 024.66 .891*0.901* .891*0.901* .895*a.901* .895*0.901* sun DAY 5.263*05.261* 5.263,6o5.261* 5.261*05.261* 5.261*05.261* Vienna r: .895*o.90H .981*0.901* .891*0.901* .891*0.901* .891*0.901* .895*0.901* HOLI DAY 5.261* 5.263*05.283* .895*0.90 5.261* 5.261* 5.261* 5.261* 891*o.90H 895*0.90 .895*0.90 •895*a.90X •895*a.90K sun DAY 5.26J*a5.261* 5.263*05.261* 5.261*05.261* 5.26 3*a5.261* Schilling 24.63 24.61 40.22040.23 3* 40.223*040.24 40.23o40.23 3* 40.233*040.24 40.23 O40.24 40.233*0.243* sun DAY 40.22 040.24 40.223*040.25 18.69al8.72 040.23 40.223*0*0.24 a40 25 24.633*024.65 40.223*0.233* 40.23 o24.64 24.63 024.65 40.223*0.233* 40.23 O40.24 o24.64 24.633*0.643* 40.23040.23 3* 40.233*040.24 18.69018.72 18.69ol8.71 18.69ol8.71 18.69018.71 024.64 24.633*024.65 40.23 sun DAY 18.69018.72 24.643*024.65 24.65 40.22 040.24 40.233*0.245* 024.66 40.23 Checks sun DAY sun DAY Cables 18.70al8.73 8.13 18.70al8.73 8.04 18.70al8.72 7.96 18.70al8.72 8.00 18.70al8.72 7.92 18.70al8.73 sun DAY "• 7 8.00 sun DAY O40.24 40.233*040.25 040.24 40.233*040.25 18.68ol8.71 18.69al8.72 18.69ol8.71 18.70al8.72 O24.70 40.233*040.24 40.24 O40.25 24.69 024.70 24.693*024.71 40.23 O40.24 40.233*040.25 24.67024.67 3* 24.673*024.68 40.23 O40.24 40.233*0.243* 24.67 fl24.68 24.68 O40.24 40.233*0.243* 024.69 40.23 18.69ol8.75 18.70al8.76 18.69ol8.74 18.69018.71 18.69ol8.71 18.70al8.75 7.51 18.70al8.72 7 51 24 .«4 3*024.65 24.65024.06 3* 40.23 24.673*a24.69 24.68 sun DAY sun DAY o24.68 40.23 HOLI DAY o24.68 24.68 21.923*021.93 25.32 25.32 025.33 24.67 024.69 sun DAY > if sun DAY sun DAY 021.94 21.933*021.95 25.323*025.34 25.33 025.35 24.68 024.70 24.683*024.71 91 25.33 21.933*021.94 25.333* 24.68a24.68 3* 24.683*024.69 21.903*021.92 21.91 021.93 25.30 o25.32 25.303*025.33 24.653*024.68 24.66 024.69 21.913*021.92 21.92o21.92 3* 25.31o25.313* 25,313*025.32 24.67o24.67 3* 24.673*024.68 21.93 5.26 5.261* 5.261* 5.261* 5.26?* Berlin 025.31 25.303*025.32 24.653*024.67 24.66 HOLI DAY a 16.841*016.85 5.26 40.233*0.243* 021.94 25.323* 25.323*025.33 24.673*024.68 24.68 024.69 40.23 040.24 40.233*0.243* 21.92 021.93 21.93 021.94 25.32o25.323* 25.323*025.33 24.68024.68 3* 24.683*024.69 40.23 O40.24 40.233*0.243* 21.92o21.92 J* 21.923*021.93 25.31 025.32 25.32 025.33 24.67 o24.68 24.673*024.69 40.23 40.233*040.24 ; HOLI DAY 25— 5.26 Relchsmarks Bankers'2 24.65 .895*0.90 .891*0.90 sun DAY 21.91 021.92 21.923*021.93 25.30 a sun DAY 22— 021.93 21.93 5.26 5.26 .891*0.90 sun DAY .895*0.891* .891*0.891* .891*0.891* .891*0.891* HOLI DAY 16.87016.871* 16.871*016.88 21— 21.92 5.26 HOLI DAY 54.75054.77 .891*0.895* .891*0.891* .895*0.895* .895*0.895* .895*0.891* .895*0.891* sun DAY 16.901*016.91 16.910.16.911* 54.75054.79 16.901* 16.901*016.91 54.75o54.77 J* 16.871*016.89 16.88ol6.891* 54.75o54.76 16.87ol6.871* 16.871*016.88 54.76a54.77 sun DAY 5.261* 5.261*05.261* 5.261* 5.261*a5.261* 5.261* 5.261*o5.261* 5.261* 5.261*05.261* 5.261* 5.261*05.261* 5.261* 5.261*05.261* 5.261* 5.261*05.261* 5.26 3* 5.261*05.261* 5.261* 5.261*05.261* 5.261* 5.261*05.261* 5.261* 5.261*o5.261* 5.261* 5.261*05.261* 5.26 sun DAY 16.87016.871* 16.86016.861* 16.851*016.86 16.84ol6.841* .891*0.895* 895*0.90 ' .891*0.895* 895*a.90 .891*0.895* .895*0.90 < .891*0.895* .895*0.90 v .891*0.895* .891*0.90 sun DAY 16.91 16.901*0.911* 54.75o54.79 5.261*05.261* 5.261*05.261* 5.261*05.261* 5.261*a5.261* 5.261*05.261* Krone 25.263*0.293* 24.62 025.28 25.27 3*025.29 24.63 o25.28 25.28 025.29 24.63 sun DAY a 16.90 024.64 24.633*024.65 024.63 24.62 024.64 025.26 25.25 3*025.27 24.603*024.61 24.61 o24.62 sun DAY sun DAY 025.27 25.26 025.28 24.60 024.63 24.61 024.64 025.32 25.30 025.33 24.65 024.66 24.653*024.67 025.29 25.28a25.29 3* 24.63 024.64 025.28 5.26 sun DAY 54.47o54.53 54.71o54.76 Bankers' Checks Cables Norway i Cables 16.901*016.91 16.901*0.911* 54.46054.48 54.75054.76 sun DAY Dec. Bankers' Checks t 1 Cables a HOLI DAY Sweden Banker3* a 5.26 a 5.26 54.74o54.75 sun DAY 22.98a22.98 5* 22.985*022.99 22.97 a 22.98 22.975*0.985* 22.97a22.97 5* 22.975*022.98 5.26 16.92 a Cables .! sun DAY 16.92016.921* 16.92ol6.921* 16.92016.921* 16.911*016.92 16.91 16.901* 16.90ol6.901* 16.901*016.91 54.74054.76 sun DAY 64.74o54.76 54.75054.77 54.74o54.76 Checks sun DAY 54.43054.45 22.99 22.985*022.99 o 16.91 16.901*0.911* o 16.92 16.911*016.93 16.911*016.92 16.92016.921* 16.91ol6.911* 16.911*016.92 16.91016.911* 16.911*016.92 16.911*016.92 16.911*016.92 16.911*016.92 16.91ol6.911* 23.00 22.98a22.985* 22.985*022.99 22.98a22.985* 22.985*022.99 Cables 54.39054.41 a 22.98022.98 5* 22.985*0.995* Checks 54.38o54.40 22.99 sun DAY HOLI DAY 20— 27— 54.38o54.40 sun DAY 22.985*0.995* 22.985*0.995* w.v 4.66>*a4.665* 4.665*04.67 4.665*04.67 4.673,804.675* 4.665*04.67 4.675*04.675* 4.665*a4.67 4.675*04.67 5* Bankers' Cables ; 4.663*a4.663* 4.669,804.665* 15—. 4.66 3* a4.66 3* 4.665*a .66",« 16— 4.665*04.67 4.675*04.675* 17— 4.663*a4.673* 4.675*04.675* 18— 4.663*a4.665* 4.67 04.675,8 19— 4.665*04.665* 4.67 04.675* Bankers' Checks sun DAY 14— 20— Bankers' Cables 22.99 sun DAY 8—. 10—. I a sun DAY 7—. 9— Checks 22.98 040.24 HOLI DAY 40.23 j ■ sun 40.233*040.24 DAY 40.23 r 7 18.70al8 72 sun DAY No 4 7.83 7.53 Quotation 7.48 7 40 sun DAY 18.69ol8.74 18.70al8.75 18.69ol8.70 18 70al8.71 18.69018.70 18.69018.71 18.70al8.71 7.34 18.70al8.72 7.25 HOLI DAY '? 18.69018.71 18 69al8.72 sun DAY - 7.35 7.31 HOLI DAY 7.30 SUN DAY O40.24 40.233*0.243* 40.223*040.24 40.23040.24 3* 40.23040.23 3* 40 233*040.24 18.69018.71 18 70al8.72 7.39 18.69al8.71 18.70al8.72 7.41 18.68ol8.71 18.69al8.72 7.39 40.23040.23 H 40.233*040.24 18.68al8.71 18.69al8.72 7.29 MONTHLY BEVIEW 2% to 1%%, which is not I The reduce its rediscount rate from 29.62@30 1/32 on Dec. 1 and Yen checks sold at 28.63@28.64 on Dec. 1 and at 28.21@28.26 on Dec. 31. Shanghai dollar was only the lowest rate of any central bank in the world, if we v29.60@30.00 on Dec. 31. except rate York Federal Reserve Bank, but is the history of the Swiss bank, which was the New lowest in the founded in 1907. •.% The Bank of The Netherlands reduced its rediscount rate from 2%% to 2% the I#. 31 Dec. on poop p aoioo © Tji rfl d< d< d< HOOO O)©®© d< d« d< d< 0 Dec. 1 at 54.41 @54.45, and g XX * X rfi XX~X X 0 0)0000) X X* X O 0)000 XX *X POOO) ooooPPaoo 000)0)0) cj ojojojoo d*d< d< d< did^'did*' d< d«d<d<d« xxx d<* d< d< x„-x d< d< d< d< i at Argentine Congress of the remaining exchange restrictions which were adopted emergency expedients. The free market in pesos was strong during the month, gradually approaching equality with the official rate. The free peso market in exchange is based on capital rather than on commodity movements. In other words, the free market is an exchange arising from the invisible items in the country's international trade. The official quotations for exchange on Buenos Aires ranged between 32.65 f 1* | in milreis ranged between Far Eastern countries 000)0) ©0)0000 tH d1 d1 d* d1 XXX oeooee XXXX if if if XX ® 00 0)0 0)0) 00000000 If* if if if if d* if if if d< d< d< d* if if .rXXX^X ®®OO®00® Op® O® p XX*XX O)®® ®C)0) ©©i—4iHifi-t ©O)©© rH .f ® H ©©®® d< d< if if if if di if TjJ -di <di *5 «d< •d* -d* n< -dt XXXXJ5 65 < XX=-XXX XXXX££ XXs* if HOOO : g j2 XfXX pnppOp OOHHHH rH 1-H fH ^4 ®0)0)® ® ®®®(3) d< d* d< d< d* d* oeoawe d< d< d< d* d< d< eeoeee d<d<d4d! d* o d«d*d*d< osee X£XjfX '.V XsSX2-«X ®®®®®® 0)00)0)09 OOP®® J ~ o e o o XXXX 0'~4'H'~4 i—4 , HHHH X »-< HHOO ® ® ® 00 00 00® 00 00®® ®®0)®0)® O) O) O) O) ® ®0)®® d< d« d« d« d? d* d<* d< d< d«* d<* d< d<'d«'d«d* d* d?d<d«'d< « 40 »VI V, * S IS I 2 0)®®0)®0) d*d<d«did« $ g P 44) » W <0 SSSSSS d< d« d« d< d< d« oaoeo 8a88«« W«XXXX » 40 40 d< d< d< d< d« d« a a ao e «rX SXf SN» S®®o)®» ®®§wS d< d* d< d< d* XXsTX-r 8®§®§S »§««§§ d* d* d« d* d* a »_%>■ 40 o)$SSS dl d« d« d< d< $ 60 , XXX^ i—lOOOO ®®®®® ^ £ ; >o 5.95 if r|4 d* d*-d* d* OO«OCJ M la; d1* d< d«* d<* d< d<* d< v* g i-4 ed co d< »o «oo ® o r-i cd eo d< "><©*«• oo ® I I l I 4 I I _J I —1 >-iNeod<io«t«.oo®OfH (NOJINNNNONMMCO CENTERS Bul¬ Czecho¬ Canada slovakia Rumania Polish Hungary Serbia garia Finnish Dollar Koruna m-Lei:^ Zloty Pengo Dinar Lev Markka Checks Checks v X if if -f if if XXXXX ©©©00 i 800 O® s DAILY RATES OP EXCHANGE ON OTHER ■ « e a e X ®®00 00 000000 X 2 ' ® fe § steady during December, continuing to move as during the in close sympathy with sterling. There were no developments of importance during the month relating to these currencies. The London price for silver on Dec. 1 was 21%d. and on Dec. 31 21 5/16d. The Hongkong dollar was 30.52@30 11/16 on Dec. 1 and 30.58@30% on Dec. 31. Checks a o • XXXX 00®®®®® 00 00 00 00 00 00 d< 1* d< d< d< d< 00 0000 00 00 entire year 332<*964 premium 1i6<*332% premium Par a*i6% premium <32% discount a Par Par a364% premium eoeo XXXX OOOOOOOOOOO 00 00 00 0000 00 | generally was O) 00 d< d* d< d* O) ® 00 00 00 | the XX--x 0)0)0)0) 00000000 s """ ° and 6.05. on x 0)0)0)00)0) OOOOOOOOOOO d1 d< d< d* d< d< Tf' pw S and 32.75 during December. free market xxxx 00 O O) 00 00 00 00 ® 00 00 00 00 d* d< d< d< d* eeeeoo 4 8 § xx 0)0)0)0)00 00 0000 00 00 d< d< d< d* d< ecjcjcso | r, The free market range was between 28.00 and 30%. The official rate on Rio de Janeiro ranged between 8.45 and 8.78. The or x § 2 io plan for the gradual relinquishment a as Exchange xxx x OOQ HOO ©oj®®®® d< d« d< d< 0)0000)000) 000)00000000 0)0)0)0)0) oo oo oo oo oo d< -d< d< d< . unofficial X<fXXX ||| \ 54.76@54.77. Swiss cable transfers were ; M 22.98%@22.99% on Dec. 1, and 22.97% @22.98 on Dec. 31. % U Gable transfers on Sweden were 25.30@25.33% on Dec. 1, £j and 25.31% @25.32 on Dec. 31. m Exchange on the South American countries was firm 0 throughout December. On Dec. 10 the official peso rate in g London strengthened to 16.20 to the pound, following the 8 lowering^ of the Argentine Government's selling rate to 16. 1 g The government's buying rate continued unchanged at 15 " to the pound. Toward the end of December the Argentine f Finance Minister announced his intention to submit to the 0 on d<d<d< d< . d< d< —~ , Guilder cable transfers sold . .'gig, depreciation from former parity was then only 19.17%. 000)0)0) xxxx',? 0000)0)00 ooooooooooo <4! «#' 1^6 < Dec. 18 the unit rose to 54.76 in the New York market, so that oooooooo 4 Both the financial and economic situation of Holland showed steady improvement during December. The guilder was increasingly strong. On xx.?xx xxxji^x ■ ■ | Dec. 3. on ■ - Checks Checks 3.533403.5334 3.5334a3.5334 3.533403.5334 3.5334a3.5334 3.53 34<*3.5334 Peso1 Checks Cables Checks 2.15Ma2.16H a2.33 1.28 2.16 a2.16^ a2.33 1.28 2.15Ma2.16 2.30 a2.33 1.28 2.16Ha2.16 2.30 a2.33 1.28 2.15Ha2.16 2.30 a2.33 1.28 SUNDAY 2.15MA2.16M 2.30 a2.33 1.28 2.16 a2.16H 2.30 a2.33 1.28 2.16Ka2.16 2.30 a2.33 1.28 2.15Ka2.16K 2.30 a2.33 1.28 2.16j4a2.16 2.30 a2.33 1.28 2.1534a2.16 2.3034<*2.33 1.29 SUNDAY 2.16 a2.1634 2.30 a2.33 1.28 2.16 a2.163^ 2.30 a2.33 1.28 2.16 a2.1634 2.30 a2.33 1.28 2.1634a2.17 2.30 a2.33 1.29 2.163|a2.1634 2.3034a2.33 1.29 2.16 a2.1634 2.3034<*2.33 1.28 SUNDAY .730.75 18.83al8.88 19.78al9.80 2.30 .73 a.75 18.80al8.S3 19.78al9.80 2.30 .72 a.75 18.83al8.88 19.78al9.80 .72340.76 18.85al8.88 19.78al9.80 .73 18.83al8.88 19.79al9.80 a.75 Brazil Argentina MUrels Cables Checks 32.72a32.74 32.73a32.75 32.71a32.74 32.72a32.76 32.69a32.74 32.70a32.75 32.66a32.67 32.67a32.68 32.65a32.67 32.66a32.68 Checks Cablet 8.44a8.67 8.44a8.67 8.44aS.67 8.44a8.67 8.44a8.64 8.46a8.68 8.45a8.68 8.45a8.68 8.45a8.68 8.45a8.65 - 3.53o3.53 34 332<*964% premium 34% premium 764% premium 332<*764 % premium 18.84al8.88 19.90al9.80 3.53 fi6<*332% premium 1i6<*s64% premium s64as64 % premium 764% premium s64<*34% premium 332% premium I8.83al8.88 19.78al9.80 3.53 3.53 03.5334 03.5334 03.5334 18.84al8.88 19.78al9.80 18.83al8.89 19.76al9.80 18.84al8.88 19.77al9.80 3.53 03.5334 3.5234<*3.53 18.84al8.88 19.79al9.80 32.64a32.74 32.65a32.75 8.44a8.67 8.45a8.68 32.70a32.74 32.71a32.75 8.44a8.65 8.45a8.66 32.68a32.69 32.68a32.69 32.68a32.69 32.68a32.69 32.69a32.70 32.69a32.70 32.69a32.70 32.69a32.70 8.69a8.74 8.68a8.74 8.70a8.74 8.71a8.74 8.70a8.75 8.69a8.75 8.71a8.75 8.72a8.75 32.70a32.74 32.70a32.74 32.73a32.74 32.73a32.74 32.72a32.74 32.73a32.74 32.71a32.76 32.71a32.75 32.74a32.75 32.74a32.75 32.73a32.75 32.74a32.75 8.70a8.74 8.70a8.74 8.71a8.74 8.71a8.76 8.73a8.76 8.69a8.76 8.71a8.75 8.71a8.75 8.72a8.75 8.72a8.77 8.74a8.77 8.70a8.77 32.73a32.75 32.73a32.75 32.74a32.75 32.74a32.75 8.70a8.74 8.70a8.74 8.70a8.74 8.70a8.74 premium 3.5234<*3.53 3.5234<*3.53 3.5234<*3.53 3.52 03.5234 3.61 03.5134 3.51 03.5134 premium premium premium premium 3.51 03.5134 3.503403.51 3.50 03.5034 3.50 O3.5034 18.85al8.87 19.78al9.80 2.3034a2.33 18.85al8.89 19.78al9.80 2.303£a2.33 18.87al8.89 19.78al9.80 2.30 a2.33 1.28 1.28 2.16 1.28 a2.33 1.28 HOLIDAY 2.16 2.16 02.1634 32.72a32.74 a2.1634 32.72a32.74 a2.1634 32.73a32.74 a2.16>4 32.73a32.74 3.50 03.5034 18.90al8.93 19.79al9.80 2.3034<*2.33 1.29 SUNDAY 2.16 a2.1634 32.73a32.74 32.74a32.75 8.70a8.74 8.71a8.78 3.50 03.5034 O3.5034 03.5034 03.5034 18.90al8.93 19.78al9.80 2.30 2.1634<*2.17 2.1634<*3.17 2.1634<*2.17 2.1634a2.17 32.74 32.75 32.75a32.76 32.76a32.77 32.73a32.74 32.74a32.75 8.70a8.74 8.71a8.74 8.70a8.74 32.73a32.74 32.74a32.75 8.70a8.74 8.71a8.75 8.72a8.75 8.71a8.76 8.71a8.7ft ? 'i6<*332% premium 18.84al8.88 19.78al9.80 I8.84al8.87 19.78al9.80 18.84al8.88 19.7Sal9 80 18.84al8.89 19.79al9.80 18.84al8.89 19.79al9.80 18.83al8.89 19.78al9.80 • 1i<<*34% 7«4<*34% s64<*764% *ie<is6A% 1i6<*s64% premium 1is% premium 164<*3«4% premium ,32<*1i«% premium Para'64% premium 3.50 3.50 3.50 18.87al8.93 19.79al9.80 2.30 18.91al8.94 19.78al9.80 2.3034a2.33 1.28 1.28 1.29 18.91 a!8.94 19.78al9.80 1.29 a2.33 18.91al8.92 19.78al9.80 2.3034a2.33 2.3034<*2.33 2.16 Ecua¬ Bolivia Colombia dor Uruguay ano Peso Sucre Peso Checks Checks Checks Venezuela Chile Checks Checks 9.50 25.00a25.75 25.00a25.75 25.00a25.75 25.00o25.75 9.50 Peru Portugal Sol 7894 <*80.00 78.55a80.00 78.55a80.00 78.55a80.00 Escudo Hongkong Shanghai YuanDoUar DoUar hama Manila Java Yen Peso Guilder V 9.50 57.39 9.50 Checks Checks Checks Checks 6J25 57.39 9.50 6.25 57.39 6.25 57.39 Checks Checks Checks Checks Checks 5.16a5.19 5.16a5.19 25.00 25.00 5.16a5.19 25.00 5.16a5.19 25 00 4.45a4.47 4.4404.47 4.45a4.47 4.45a4.47 78.55a80.00 25.00a25.75 5.16a5.19 25.00 4.4504.47 30.52030**16 30.55a30«4 30.58a30*4 30.52a3034 30.54a3034 29.62o30'j2 29.61o30'» 29.61o30*32 29.62o30*m 29.53a29J132 28.63a2S.64 50.30a509is 57.54a57.70 37.07a37.08 28.61a28.63 50'is <*50.35 57.53a57.70 37.05a37.06 28.59o28.61 50»i6 57.50o57.65 37.04a37.08 28.49o28.51 50*16 57.47o57.65 37.01o37.05 28.44a28.51 50*,6 57.42a57.65 37.00o37.05 78.50a80.00 25.00a25.75 5.16a5.19 78.50a80.00 25.00a25.75 6.16a5.19 78.35a80.00 25.00a25.75 5.16a6.19 78.35a80.00 25.00a25.76 5.16a5.19 57.39 6.25 25.00 4.45a4.47 29.53a293*32 29.64a293*32 29.64a30*3z 29.64a30*32 29.64a30<3? 29.66a30*32 28.42a28.45 505i6 a50.40 57.39a57.50 36.99o37.05 28.55o28.60 50H <*507i« 57.50a57.62 37.05a37.11 28,53a28.57 5094 57.50o57.62 37.05a37.06 28.54O28.56 5094 a50.45 57.47a57.62 47.04a37.10 28.62a28.53 5094 67.50057.62 37.05o37.09 28.49a28.52 5094 57.50a57.62 37.05a37.09 - 78.50a80.00 25.00o25 75 6.16a5.19 7894 <*80.00 25.00O25.76 5.16a5.19 7894 <*80.00 25.00a25.75 5.16a6.19 4.4604.47 25.00 25.00 4.45a4.47 4.4504.47 . 78.35o80.00 25.00o25.75 5.i6a5.19 78.50a80.00 25.00fl25.75 5.16a5.19 78.50a80.00 25.00a25.75 5.16a5.19 : ■ SUN DAY 30.52a30**i6 30.46a30**i« 30.58O3094 4.4504.47 30.54 30**16 4.4504.47 30.54a30**i6 4.4504.46 30.54a30**i6 V SUN DAY' 4.4504.47 30.55o30**ic 4.4504.47 30.46030**16 4.4504.47 30.46a3094 4.4504.47 30.50a3094 4.4604.47 30.54o30**i6 78.35080.00 26.00a25.75 6.16a6.19 78.35a80.00 25.00a25.75 5.16a5.19 4.4604.48 78.65a80.00 25.00o25.75 5.16a5.19 78.60a80.00 25.00a25.75 5.16a5.19 78.60a80.00 25.00a25.75 5.16a5.19 4.4604.48 4.4604.48 78.60o80.00 25.00a25.75 5.16a5.19 4.4504.48 78.60a80.00 25.00a25.75 5.16a5.19 78.60a80.00 25.00a25.75 5.16a5.19 4.46a4.48 4.4604.48 V '• " 29.33a2994 29.38a2994 29 42a2994 29.42o2994 29.40a2994 30.54a30**i6 29.4202994 SUN DAY 78.65o80.00 25.00o25.75 5.16a5.19 v..' 30.48a30"ie 30.54a30**i6 30.57a30**i6 30.55a30**i« 29.42a2994 29.42o2994 29.43a2994 29.42a2994 *.-• ' 28.46a28.49 28.51a28.54 28.66o28.62 28.60o28.62 28.56a28.58 28.57o28.59 28.58o28.59 28.49o28.60 28.58a28.59 28.58a28.59 5094 5094 a50.45 5094 <*5094 5094 a5094 5094 a50.55 5094 050.55 " ' V- 57.56a57.62 37.08o37.12 57.56a57.65 57.61o57.75 57.61o57.75 57.56a57.75 57.59057.75 37.08a37.14 37.13o37.18 37.14o37.18 37.12a37.16 37.12 57.59o57.70 67.61a57.75 57.59a57.75 57.58a57.76 37.11a37.16 37.13a37.17 37.13a37.17 37.14o37.16 - 507ie 507is 507ic 507i« 05094 05094 05094 a5094 HOLI DAY 30.55a30**i6 29.42o2994 SUN DAY 57^9 67.39 57.39 78.70a80.00 25.50 57.39 78.70a80.00 25.50 8.71a8.75 Yoko¬ Bolivi¬ 6.25 8.71a8.76 8.71a8.75 8.71a8.7« 5.16a5.19 5.16o5.18 4.4604.48 4.45a4.48 4.4504.48 28.58a28.59 507is O5094 57.58a67.75 37.14a37.16 ' 30.55a3094 30.68a3094 30.62a3094 30.58O3094 29.61o30.00 29.65a30.00 29.63a30.00 29.60o30 00 28.53a28.55 507ts 57.59a47.75 37.15a37.22 28.30a28.31 50.40a507ic 57.67a57.75 37.18 28.21a28.25 507i« 05094 57.56o57.75 37.12a37.14 28.21a28.26 507is Q5094 57.59fl57.75 37.13o37.16 Checks 54.74 54.76 54.76 54.75 54.75