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BANK RECORD REG. U. S. RAT. OFFICE DECEMBER IN RETROSPECT ' Page and Financial Events—- Cotton Course of the Stock Market Hides and Leather 8 Iron and Steel Trade 7 .15 Dividend Declarations 12 FederaLReserve Bank—Brokers' Loans *18 Foreign Page 1 9 Commercial Affairs..! 5 ... Foreign Exchange 18 Grain—Coffee—Sugar ................ 8 Money Market New 17 z Security Issues 11 Petroleum and Its Products Rubber ..10 9 : Textiles 9 United States Treasury Financing INDEX TO STOCK EXCHANGE QUOTATIONS Page Baltimore Stock Boston Stock ..57 Exchange 58 Exchange Page New York Curb Exchange... 41 New York Stock Exchange—Bonds 19 Chicago Stock Exchange 64 New York Stock Exchange—Stocks Cleveland Stock Exchange. 66 Philadelphia Stock Exchange Detroit Stock Exchange... Los Angeles 10 .31 ...61 -.60 Pittsburgh Stock Exchange....^ 69 .....64 Stock Exchange San Francisco Stock Exchange.a. 62 INDEX TO GENERAL TIONS Page Banks and Trust Companies— Domestic Canadian -—100 ...111 Exchange Seats ...83 Federal Land Bank Bonds ... Foreign Government Bonds. — 91 ..92 Industrial Bonds Domestic 91 Canadian 93 Public Utility Bonds Industrial Stocks 84 Real Insurance Stocks ......99 72 Joint Stock Land Bank— 111 — 67 * 71 a Estate Bonds _H2 Real Estate Trust and Land Stocks 84 Textile Stocks 84 Title Mill Stocks—see Textile Stocks— 78 _ Railroad Bonds Railroad Stocks Investing Companies Securities 73 Public Utility Stocks 81 Securities *** Municipal Bonds— — Guarantee and Safe Deposit Stocks 84 United States Government Securities..91 Mining Stocks 84 United States Territorial Bonds 7, 91 1938 r WILLIAM* B. William DANA COMPANY, Street, Corner of PUBLISHERS Spruce Street, New York awd gtmst Cxr OF BALTIMORE— Capital $2,000,000 , Surplus and Profits $4,196,364 CINCE 1876 this Company has devoted itself exclusively to the management and conser¬ estates—specializing the whole effort highly trained organization in this business. vation of of its It is of one the few trust companies in the which has never engaged in general banking, selling securities, etc. Its Directors are: country Edwin G. Venable Baetjer & Howard Baetjer Charles H. Babcock...Reynolds A Co. William G. Baker, Howard Bruce.. > more George C. Cutler National Bank President of Safe Deposit and Trust Co. E. i Jr..Baker, Waits A Co. Chairman of Board of Balti- Asbury Davis President of Baltimore of United - States Fidelity and Guaranty Co. Lyman Delano . Chairman of Board of Atlantic Coast Line R. R. Co. Robert, Garrett Robert Garrett A Sons Norman James President of James Lumber Co. J. Edward Johnston ... Capitalist Blanchard Randall. Charles E. Rieman A Fisher Pres. of Western Nat. Bank BANK/QUOTATIQN RECORD REO. U. 8. PAT. OFFICE 4 Copyright in 1938 by WILLIAM B. DANA Entered not Bank and Quotation Record The Bank and Quotation Record la one of the companion publications monthly. of the Commercial & Financial Chronicle and is issued Term United States and Territories; $16.50 in Canada; $18.50 in South (except Argentina), Spain, Mexico and Cuba, and for the Chronicle and U. 8. Possessions and Central America are $15 per annum within the The subscription price to the a $1.00 per copy. $10 00 Single copies are sold Bank and Quotation Record Is f United States extra. Postage outside year. it economic ills of the past by considered for to the inequality and of december—commercial action on of any which President items the chat" three tax The increasing tWe size probably^ would according to groups, said, they plan, divide proposed income tax on corporations a showing profits erf between $20,000 and $25,000, but Adjournment of the Special Session of Congress without profit! tax. tributed The would widely criticized undis¬ exempt additional firms from the Oct. 12 was an on On members of a House subcommittee. incomes. their involve events Roosevelt specified in his "fireside recession, business present the measure a continued by corporations into of Financial in Efforts towards of which is legislation. trust structure, revising the tax Dec. 27 the members said that they had decided tOf Publishers, Spruce Street. New York William Street corner policies for many of the Mr. Jackson's speech of recommendations anew and present. forerunner a as President the were E.G. WILLIAM B. DANA COMPANY, ^ completing fishing trip, a on Attorney legislation with Presi¬ assailed "monopolists" Robert H. Jackson, Assistant "big business," blaming their and attributed LONDON OFFICE—Edwards A Smith, 1 Drapers' Gardens, review Roosevelt In a speech regular session. the during so s CHICAGO OFFICE—208 South La SaUe Street. 1 dent March 3 1879. NO. 1 General, who recently discussed trust was $20 in other foreign countries. do even Dec. 26, however, on D. C. 1938 NEW YORK, JANUARY 7, VOL. 11 . COMPANY, In offlco of Librarian of Congreas, Washington, Office at New York. N. Y., under the Act of March 9 1928, at the Post Second Class Matter, aa government upheld in three of the was more im¬ outstanding development in governmental activities during portant decisions handed down by the Supreme Court during the past month, as was also the action of President Roose¬ the month (Dec. 31) the velt in issuing on the very last day of the a proclamation reducing the price which the Treasury will for newly-mined domestic silver from 77.57c. to 64.64c. pay an The Special Session, which convened on Nov. 15, came to end Dec. 21. on Session The the was the wages The most important act of the recommittal Special by the House on Dec. 17 of The wage bill had been passed and hours bill. Court trust suit vote States the Court, to foX^, York New in also Dec. on in the government three in 6, Dec. 13 the Court upheld where cases the right upheld Federal contractors; taxes against levy six-to-three decision on and a granted permission with its^ anti¬ against the Aluminum Co. of America; by a five- to-four the Dec. 6 on proceed to government of ounce. an month. the had litigants sought to compel the Treasury to continue to pay in gold, interest Liberty bonds carrying the gold on clause which by the Senate at the previous regular session, but a revolt had been called for redemption of Southern Democratic members of the House Rules Com¬ rulings handed down, the Court on Dec. 6 agreed to review mittee , vail the prevented House. bill during the Special being from considered by the deadlock continued to pre¬ The Rules Committee and Session, it was only by a discharge petition to overrule the committee that the bill was brought the Southern for consideration up Democratic coalition to of defeat was Southern Jan. 3. will place greater emphasis Republicans serving Mindful of the Southern oppo¬ Administration has indicated a the limitation of hours of on of child labor. as resting by the House i that Dec. on entirely an The farm bill 17 differs widely from new the are passed as by passed one bill will be reported from the ference to which the conflicting bills have been sent. ring committee Though during deadlock,. the conference passed the by early both from con¬ Bar¬ report will be of part Houses, the the regular bills session. amending Co.'s River The On the Roosevelt silver legislation, - said of on None of the action legislation the one regular other items received was on which consideration. Re¬ left in committee for Federal executive the until reorganization bill session. Regarding of the Presidential items, re¬ was anti-trust Senator Barkley Dec. 21 that the proposal had not reached the stage committee consideration according to an announcement by lawyers will be contested. and indicated that it might closing issued day the of (Dec. year proclamation a from 77.57c. to 31) President reducing the price to be in force until Under the proclamation 64.64c. from made Dec. 31, 1938, -unless revoked or modified Washington, President Early weye price to Dec. 31, Roosevelt explanation any the Jan. 1, 1938, and is to remain the President in the meantime. the of the by Ill Associated'Press advices it was stated: nor Secretary of the Treasury Morgenthau reduction, but it was noted they returned quotation fixed on Dec. 21, 1933, when identical a premium above the world price was initiated. world price closed the gap and successive increases made "in the domestic price on April 10 and April 24 of that year. a spectacular surge to 80c., the world price fell back to about 45c., where vision, and courts for an enforcement to the lower price became effective After deferred resulted paid by the Treasury Department for newly-mined domestic Congress - The statement President Roosevelt's Proclamation Reducing Price of Silver Conference Committee in time to be finally enacted before planning is appealing of its order and, program gional Deal Dearborn, Mich., last May 26. Rouge Plant at Board the jn a special message on Nov. 29 did not reach the desired New with investigation of events at the gates of the Ford an National Housing Act along the lines proposed by President President conflict into came violating the National Labor Relations Act and presented silver the from / again detailed cease-and-desist order. a the adjourned. them Philadelphia against the statement that the Ford Motor Co. had been found guilty of the Roosevelt injunction to prevent during the month when on Dec. 23 the NLRR issued Neither presented Ford Henry Housing bills and Dec. 10, and because of this it is believed on California of having laid the groundwork for conference. in ^against an for the Ford Co., the case ... legislation have been passed by both Houses and Senate the bill which wage new legislative action at the regular session. now to whether Co. Apex Hosiery Co. Special Session has little to show for its labors, it is regarded farm as will mark the regular session for passage of abolition the Although the and Doubt exists Packing carrying On a sit-down strike in a it labor and union Democrats sition to the original bill, the press ers' laws that will their Cruz Santa the declined to review the protest of a hosiery work¬ the Court passed by a vote of 216 to 198, the the passage of a similar bill on On the floor, of case In other against the National Labor Relations Board, and, on Dec. 13 motion to recommit it to the a the Administration. which convened Dec. 13. Representatives continued opposition to the bill, and Labor Committee on the before maturity. it The ment of 1935 in paying the had, been before, issuance on but no change was made in the domestic price. of the proclamation followed an Dec. 30 by that the Treasury announce¬ Secretary of the Treasury Morgenthau Department, had agreed to continue its1 purchases of silver from Canada, China and Mexico. The buying of Mexican silver, it was indicated, would continue on the the then same basis during January, and it was stated that- arrangement had been made as to Canada. 2 MONTHLY REVIEW Adjournment of Extra Session of Seventy-Fifth Congress—None of Bills Ashed for by President Roosevelt Enacted—Legislative Situation Discussed Between President and Congressional quotas Leaders In said: bill; undoubtedly saved much time that otherwise would have "The becomejeffective for 1938 conference committee report ready for Jan. 3. January, as on In House bill. A com¬ the Senate striking instance the two bills appear to coincide. This is in safeguarding the dairy industry against any adverse effects of program. Both bills provide that benefit payments shall be denied the one to to growers who of the five major crops—cotton, their convert idle corn, wheat, rice and tobacco— into pasture for dairying purposes. acreages House Votes to Recommit Wage and Hour Bill y Bill at President's Insistence Labor wake and Committee, Dec. on in recommiting to the 17, Black-CJonnery the hqur bill, President Roosevelt conferred with congressional leaders Dec. 20 to insist on proposed legislation, which which he which had Committee—New to to Be Taken Up at Regular Session Following the action of the House House convened had urged for one of action on the five on the measures passage at the Special Session, 15 at the President's call, and Nov. on was w^ich ended on Dec. 21. ported as declaring th& been recommittal of the bill meant the death of the legislation. The President, however, is said to Representative Rayburn was re¬ have indicated his insistence that the bill be passed, in dis¬ cussing the legislative situation on Dec. 20 with Representa¬ (Dem.) of Massachusetts, Meade (Dem.) of York, and McKeough (Dem.) of Illinois. Others with tives crops. the the wheat, when the reserve supply reaches 847,000,000 bill and 1,050,000,000 bushels under the House 2,555,000,000 bushels under the Senate bill and 2,859,000,000 corn, respect Healey New housing amendments will have a whom the President is said to have conferred The reorganization bill will be taken up early in as the soon in the House bill ; cotton, 17,600,000 bales under the Senate bill and 20,900,000 bales under the House bill; rice, 13,800,000 barrels under the bill and 13,900,000 under the House bill. consumed during the F, regular session," Senator Barkley said. "The con¬ ference on the Agriculture Bill will doubtless report in ample time for the program to established Senate cut six weeks to two months off the regular session to begin on Jan. 3. "While the session did not complete as many measures as was hoped has those of case . sentative Rayburn, the House majority leader that the special session below far under Am to the accomplishments of the session, the House and Senate lead¬ ership agreed that they rested largely upon the fact that preliminary stages of legislation to be considered during the next regular session will be ex¬ pedited. Senator Barkley, the Senate majority leader, agreed with Repre¬ It the bushels under The extra session of the Seventy-fifth Congress, which convened on. Nov, 15, came to an end on Dec. 21, at 5:10 p.Jm.—a day earlier than expected, without enacting any of the legislation sought by President Roosevelt in his message when Congress convened. The President's message had to do with four objectives at the special session, wage and hour, crop, Government reorganization and regional planning. Later President Roosevelt sent to the Congress a message recommendng the enactment of housing legislation. AsJ;he session adjourned the Wage and hour bill was recommifled to Committee by the House, and the farm bill and housing bill were in conference after having passed both branches of Congress. Regarding the action on the President's program advices Dec. 21 from Washington to the New York "Tinges" 1 levels at parison of* the time when marketing quotas would begin to operate under the two bills follows: Anti-Lynching Bill is disposed of, and I expect that day on Senators "very stubborn opposition" to the Federal reorganization program when the Senate reconvened in January. He also predicted a determined effort to curb appropriations for the 11 supply bills scheduled to come up Smith, Barkley and Representatives Bankhead and Rayburn. According to advices from Washington to the New York "Times," Dec. 20, one of the results of the conference, the reaching of the decision to develop a new wage and hour bill at the coming regular session, the principal objectives of which would be to limit hours of at labor were the House to send tax legislation to the Senate by the middle of January and we will be ready to lay it on the President's desk by Feb. 1." Senator McNary predicted that there would be "considerable debate" and that, time: : 7;' , adjournment of the session was described in part in Washington advices to the New York "Herald Tribune" bill Septate to act. early as offered was labor. child Dec. by 17 , recommit the to Fred Representative that the President had demanded Perhaps 60 members attended wage A. and hour Hartley Jr. last Saturday. Bight Senators answered the post-recess gavel of Vice-President John N. Garner. The obsequies of the session were very short, requiring not more than three minutes on either side of the Capitol. A conference , wage and hour bill at » special session, there has been no indication that he approved the bill passed by the Senate at the last session or that he favored changes made by the House. The shelving of the bill was brought about by a coalition of , a the the fipal session of the lower house, the rest having gone home for Christmas as on of New Jersey. It was noted in United Press ac¬ counts from Washington on Dec. 17 that despite the fact The House adjourned without the customary horse-play or singing o songs while waiting for the . abolish (Rep.) follows: as and The motion The Southern Democrats, Republicans and dissatisfied labor- Dec. 20 between President Roosevelt and ites, said the United Press, which likewise noted that the congressional leaders, which followed the recommittal by the House Dec. 17 to the House Labor Committee of the Administration effort to dislodge the bill from the House Rules Committee. The House on Dec. 13 adopted by a vote of 285 to 123 a motion to discharge the measure from the House Rules wage ; on on hour and bill resulted in the Administration lead¬ ership placing its full support behind the amendments to Southern Congressmen the Federal Housing Act with a view to effect, if possible, the enactment of the legislation before the adjournment of Committee. the Special said: V: The Session. decision at to In part, the advices to the "Times" put through .the housing law amendments the Whits House conference. was one of The others were: 1. To hold meetings of the House and Senate Conference Committee on the erop-oontrol bill during the holiday vacation with a view to having this measure ready for final action early In the forthcoming regular session. 2. To fix a definite date on whloh the Gavagan-Wagner-Van Nuys antl-lynchlng bill would be placed before the Senate and to hold it there nntU acted upon. 3. To start a new wagee and hours bill early in the new session with emphasis more on limitation of hours of labor and abolition of child labor. > Farm Bill in Conference Special Session of Congress Adjourns— Embodies Ever-Normal Granary Plan of Secretary Wallace Through Compulsory Crop Surplus Control « ; blocked A every V New York "Times" as the "the most complex and far-reaching farm relief proposal to pass either house in the history of the Nation," the Administration farm bill, embodying the The House Labor Committee on Dee. 3, taking bill, adopted an amend¬ providing for the administration of the law by a single administrator in the Department of Labor instead of a fiyenfen board as proposed in the Sehate bill. On the same date thevLabor Committee • declined to support the proposals of th<L#merican Federation of Labor, and. the House on Dec./lo rejected the Federation's bill as a substitute for the action toward the rewriting of the Administration bill. v YHagjxerSteaga.ll Housing Bill in Conference After Both-, House and Senate Pass Measure Wagner-Steagall housing bill was sent to conference 21 after the Senate on that day had passed the ^.Ae as Described, in advices Dec. 17 from Washington to v had ment four reached ; ft on Dec. by a vote of 66 to 4; the House adopted the bill 18, by a vote of 324 to 23, following a roll call, raken after a standing vote of 267 to 30. Before the Senate action a subcommittee of the Senate Banking and measure m Dec. Currency Committee on Dec. 19 voted unanimously to report Secretary of Agriculture ^aN me b|& to tbe full committee, Dec. 20, and on the latter lace, was passed by the Senate on Dec. 17 by a vote of J]ate the measure was reported by the full committee. Re¬ 59 to 29. Prior to its adoption a motion by Senator King garding the subcommittee's action a dispatch from Wash¬ to recommit the bill to the Committee on Agriculture and ington to the New York "Times" stated: ever-normal granary plan of Forestry was rejected by the Senate on Dec. 17 by a vote of 29 for to 59 in opposition. Earlier in the month (Dec. 10) the House—or Jones—farm bill was passed by that body by a vote of 276 to 130 (not 268 to 129 as at first reported), and in that case, also, before final action, a move to *send the bill back to committee was defeated. With the ending, , on Dec. 21, of the Special Session which convened on Nov. 15, the two bills were sent to conference for the adjust¬ ment of their differing provisions. . Pope-McGill bill passed by the Senate provide!, as does the Jones bill of the House, for compulsory control of surplus crops of cotton, wheat, corn, tobacco and rice; dif¬ fering materially from the House bill in language but not in principle in so far as compulsory control of the market¬ ing of surplus crops are concerned, the New York "Journal The of Commerce" observed, the measure clothes the Secretary of Agriculture with broad powers to establish an ever-nor¬ mal granary for the five major farm crops and to regulate shipments of the commodities to market under a system of marketing quotas upon the approval of the growers. Reporting the differing provisions of the two bills, tbe advices to the "Journal of Commerce" from its Washington bureau, Dec. 17, sai<N.K In most bill of the respects the [Senate] bill is far more drastic than the Jones House, because it would allow the operation of the marketing The the bill would Roosevelt amend the National Administration Housing Act, and is counted on by stimulate to private construction. ' Chairman,. struck out the measure as passed by the House late yesterday the revived title of the U934 Act by which the government was authorized to insure loans iip to $2,500 for making improvements on existing houses. It accepted, however, the major House amendments by which govern¬ ment insurance up to 90% of appraised value would be extended on mortgages on properties costing $6,000 or less and 80% for thi^next $4,000 on a $10,000 house. ) The full committee may make further changes in* the measure. The original bill was introduced in the Senate on Nov. 29 by Senator. Wagner, who as Chairman of the Banking Committee sought in vain tor an immediate consideration. He met with sturdy opposition in the com¬ y The subcommittee, of which Senator Bulkley is of A "*• mittee, 4 and was finally forced to appoint a subcommittee to study It. The passage of the bill by the Senate came on the day of the adjournment of the special session (Dec. 21), and the "Times" advices from stated: Washington Threatened for a time • with respect thereto ' .. by dilatory tactics in the Senate and a' demand by Representative Rankin, Democrat of Mississippi, that the House instruct its to conferees the on measure, the housing amendments to insist on its own amendments amendments for Federally insured loans for residential repairs up to $2,500. Before passing the housing measure and sending it to conference, where it rested as y the adjournment agreement was effected when the Senate finally reversed its Banking and Currency Committee and restored House adjournment came, the Senate adopted an amendment by ■v Jan., 1938] Senator where Lodge Federal directing housing make the the payment residential construction new MONTHLY - officials saidvthe prevailing of repairs or localities in wages Chief Justice 3 , Hughes in the majority opinions, sustained by Justices undertaken under the Act. are amendment, Brandies, Stone, Cardozo and Black, held that West Virginia and Wash¬ would ington State were constitutionally entitled to levy upon the gross income of finally if enacted, "unworkable." measure REVIEW contractors on Government dams in the Kanawha and Ohio Rivers and at Grand Coulee. Bill Expected to 7a* Revision Be Reported Out of Committee by Feb. 15, Says Representative Rayburn—Repeal of Certain Nui¬ ■ Taxes Tentatively Recommended sance With ending of the special sessiop of Congress on Dec. 21, Representative Rayburn, the House majority leader was reported as stating that he expected the Ways and Means Committee to report out a tax revision measure by mid-February. A Washington dispatch Dec. 21 to the New York "Times," indicated this, its advices continuing: "The progress made toward tax relief alone would justify the existence the United States, to session, "No and problems of political which accumulated during a century and a-half of its taxes, subject which a considerable possibly economic cannot be solved overnight. existence, "As The social, has progress would progress been have ever been in special session and afforded made been the special modification toward and if Congress made had not a the regular session affording relief as t<f the corporate surplus tax and the capital gains tax, and possibly other provisions of our tax laws." for repeal of several nuisnace taxes affecting receipts ask $25,000,000 paste chewing and crude gum, brewers' oil, It malt. further a those on phono¬ were goods, furs, sporting was retention of the present tax of two cents decided to cameras, recommend 1,000 on boxed matches and to increase the levy on paper box matches from a half cent to two cents per whether the State tax imposed an unconstitutional burden on the Govern¬ ment; second, whether the State had proper jurisdiction over the territory where 000,000 out of the total $660,000,000 yield from all nuisance taxes. Court Approves Government Suit Against government, when it granted permission for the government to proceed in New York with its anti-trust suit against the Aluminum Co. of America, and also approved State taxa¬ of the income Federal of contractors. In the suit involving the Aluminum Co. the Supreme Court upheld the a three-judge Federal expediting court which re¬ versed Judge Gibson of the Pittsburgh court, who had held ruling of that the New York suit would merely duplicate that leading to the consent decree of 1912. The opinion was delivered by Justice McReynolds. Roberts took Chief Justice Hughes and Justice part in the case. no Washington dispatch "Times" discussed decisions as Justice this of McReynolds the Dec. ruling follows: examining 6 and to New the other Supreme Court *.'.v.'. ■■ merely commented Records and briefs that the after high hearing arguments found court York that the ^ expediting court was correct. "This the red tape and the Department of Justice can now go case," Attorney General Cummings commented. "Naturally gratified." severs ahead with In the of one a of score upheld the $1 Georgia The Civil American fight the against Commercial Effiliate, 1 requisite to vote in national a Union supported National case Nolen R. temporary a injunction to Relations In another Telegraphers Union, stop Board, decision In the Labor which the Board finding relating to taxes by California and Co., of was Court from sus¬ denied Labor accepting company. opinion read by Justice Stone, the Court affirmed an The First Circuit Court held that suit brought by injunction estate, ; With a First Circuit Massachusetts on the to Justice prevent Butler the California County from asserting dissenting, the Court, in a a not Trust claim for entertain an executor of Co., appealed he was retried and sentenced to Supreme Court he pleaded double jeopardy. by Justice decision read death. In the petition to the . companies. a Texas " oil" (later of exaction." Justice Roberts replied in an oral statement from the bench, "The decision runs counter to the settled rule that burden a State may not, by taxation, impede the United States in the exercise of its delegated powers. The or Judgment seems to me to overrule a century of precedents and to leave the application of the rule uncertain and unpredictable." ^ Virginia appealed from an injunction granted by a three-judge Federal court against collection of a $135,761 tax levied again** the Dravo Contracting Co. / . . In the second, the Silas Mason Co., David H. Ryan and others that their income received from the Grand Coulee Dam work > asked Chief Justice Hughes delivered the Dravo decision first. taxable. was Justice Roberts then read the minority opinion, after which the Chief Justice handed down the other findings, with which the minority again disagreed but without a written statement. cases argued at the last term, but reargument were ordered, was with the Attorney General instructed to appear and present the Govern¬ ment's viewB. In his 17 page decision in the Dravo Mr. Hughes carefully reviewed case first the matter of jurisdiction over the territory. He agreed with Solicitor Co. was held entitled to ;• the Court found, through Justice Butler, that in the State courts to confiscate alleged "hot by receivers for the Trinity Refining Co. was sqe Decision of United States Supreme Court Upholding State Taxation Contractors—Opinion Given On Dec. 6 the United States Supreme in Dravo Case Court, in a 5-to-4 decision, upheld State taxes levied against Federal con¬ tractors. It was stated that while the majority rulijig in two tax cases passed on applied only to contractors, Govern¬ ment representatives saw in them an indication that the decision might revise the entire theory of tax immunity; cases .affecting the' Government's right to tax salaries of State employees are soon to be argued and decided. This was noted in Washington advices to the New York "Times," from which we also quote: . the river over . an independent contractor and that the tax not really upon was Quoting one Supreme Court opinion after another to support his view, incidentally he made statement later construed to a mean that the majority, for the present at least, considered Government securities still tax exempt. Justice Roberts, in his dissent, went back to John Marshall in to prove the majority wrong. of McCulloch case an attempt He quoted the former Chief Justice in the Maryland, and said the^principle there laid down vs. forbade taxation by a State "of property of the Federal Government or of the office salary" of or any of its officers. "The tax in question is plainly imposed upon the operations of the Federal Government; it falls squarely within the definition of such prohibited the principle announced in McCulloch upon burden and is a vs. Maryland and since consistently applied in the decisions of the court," Justice Roberta ever concluded. " . Points made in the Washington State cases were ; covered in the Dravo> opinion previously delivered. Soon after these rulings were made, the court granted review in one of the affecting the Government's right to tax the salary of cases This case of man involved salary received from 1931 to 1935 Philadelphia Department his work from United of was funds Pay a as under banks he lawyer in liquidation Although Banking. done of States to State helped Supreme the officials, government the State agent. a by Clarence M. Freed- cases salary of the Pennsylvania him appointed was and actually derived liquidate. Court Until Maturity Upholds Interest Government Gold on in Bonds Declining Called for Redemption In a six-to-three decision, on Dec. 13, the United States Supreme Court upheld the government in three cases where the litigants had sought to compel the Treasury to continue to pay in gold interest on Liberty bonds carrying the gold clause, which had been called for redemption. „They claimed that the redemption call was invalid because the Treasury intended to redeem the bonds in devalued currency instead of in the gold dollars which the bonds specified. ington bureau it is learned that the Court's opinion covering the three cases said namely, whether that only one question was involved— notice of cg.ll issued by the Secretary of the Treasury for the redemption of Liberty bonds was effec¬ tive to terminate the running pf interest on the bonds from the designated a redemption date. The advices from which quote added: we question of constitutional law is involved cases," the Supreme Court said. "Irrespective of the validity legislation of recent "bonds in suit acceleration The of' Federal • instrumentality of Government. an the seven-to-two decision, by the Government and beds. "No by Justice Sutherland the Court sustained the validity which was challenged by a group of oil of the Puerto Rican anti-trust law, In the first Inquiry, and later repeated in the written minority opinion: taxes. finding read Cardozo, upheld the Connecticut law allowing the State to appeal verdicts in criminal cases. Frank Palko, accused of killing a Bridgeport police¬ Was first convicted of second degree murder, but when the State a over was this Chief Justices Hughes found in the West Virginia case From advices to the "Wall Street Journal" from its Wash¬ inferior courts could Worcester man, In Chief not unduly fere in any substantial way with the performance of Federal functions and is a valid estate of Robert H. Hunt of Worcester, Mass. the was "We hold that the West Virginia tax so far as it Is laid upon the gross receipts the in Federation of American an petition for an election among telegraphers of the Postal Court majority the duplicated by the other): elections. Breedlove of the Santa Cruz Packing Labor by the Ninth Circuit Court. the to poll tax, Liberties today, the Court, through Justice Butler, 6ourt agreed to review the California, tained decisions the tax. on The For Then passing to the question of tax immunity, he held that the Dravo The United States Supreme Court on Dec. 6 handed down two decisions which were interpreted as victories for the am performed. was still held control over lands leased Aluminum Co. of America—Other Decisions I work General Reed, who argued the case a short time ago, that West Virginia United States Supreme A contractor's Naturally the paramount controversy upon Both It is stated that the repeal of the above-named nuisance taxes will result in the loss to the Treasury of over $25, and the Justice Hughes ruled in each instance that the Government 1,000. tion decision In the court to overrule the Washington State Supreme Court, which had held Among the nuisance taxes recommended for repeal tooth of a year. graph records, won a In the first case West Although it remains to be placed among the special session "accomplish¬ ments," a Ways and Means Sub-Committee reported today that it had decided to 100 years. a victory for the Government, which a Two principal questions lay at the heart of the two cases decided; first, To this " forum for criticism of our present There is every assurance of the enactment of laws early in tax system. was respondent derived from its activities within the borders of the State does not inter¬ captured the stage during general overhauling of our tax laws. a such The result another major case also. hampered and that the State exercised correct jurisdiction. Chairman O'Connor of the House Rules Committee said: session. finding, read by Justice Roberts, and supported opinion shattered court rulings of 4 the of the special A severely critical minority by Justices McReynolds, Sutherland and Butler, asserted that the majority was years the right to was in the decision of these / invalidity or of the whole devaluing the accelerated by dollar, valid notice. As the a or any maturity consequence part of of the of such interest has gone," the Supreme Court ruled. majority opinion Cardozo, and ' was written by Justice Benjamin N. read by Chief Justice Charles E. Hughes, the illness of Justice Cardozo having prevented him from being present with the handing down of the decision. Those joining with Justice Cardozo in the majority views Chief Justice apd were the Justices Brandeis, Roberts, Stone and Hugo L. Black. Justice McReynolds, speaking for himself and Justices Butler and Sutherland, delivered an oral dis¬ sent in which he said that (to quote from United Press accounts) "violated the Ten Command¬ the government's action ments" and that the majority opinion "sanctions a fraud."' Justices Black and Stpne, agreeing with the majority de¬ cision,, each wrote separatef concurring opinions. The de- • * 4 MONTHLY cision was presented in two suits brought by Robert A. Taft, Cincinnati attorney and son of the late President and Chief Justice William Howard Taft, and another suit filed by H. Vernon Eney, two suits Baltimore Mr. attorney. Taft brought his behalf of the Dixie Terminal Co. and James D. on REVIEW The court ment. of interest" with that it is of "coercing the • United States Supreme Court Prohibits Use of Testimony Based on in ruled criminal trials, the United Dec. 20 in on States Supreme Couft which formed the first test as to case a Communications Act forbids the gov¬ whether the ernment tp use evidence obtained by listening to telephone Federal conversations criminals. of The decision in was effect a reversal of the court's ruling in vote of 5 to 4 that of telephone victions in 1928, when it decided by a Washington State law insuring secrecy a bootlegging a three passed written was by Justice Sutherland and was shared in by States Supreme Court Rules Against Receiver of First National Bank of Perry, Fla., in Action to Retain Control of Assets Pledged to Florida State Treasurer—Ruling Miller as to G. L. .'Y V\'< Y Iron Ross, receiver of First National Bank of Perry, Fla., under a decision of the United States Supreme Court on Dec. 13, lost in his attempt to retain control of assets pledged to the Florida State Treasurer for deposit of county funds, according to advices from Washington to the "Wall Street Journal" of Dec. 14, which went on to say : The receiver, at the instance of the Comptroller of the, Currency, the ground that an on June 25, deposits public thereafter. Y Black ;YS;.}YY the read that to prior money >Y ■ Justice brought amendment to the National Banking Act passed 1930, did not validate pledges made by the National banks for of but time only pledges Y.-■ >YYYYY'Y*'-v Yy •' opinion. He said: "The language made of the amendment, read in the light of conditions that brought about the necessity for its intend make From the The Court York City, trial court's irresistibly leads passage, to the to conclusion that Congress did existing pledges enforceable." advices same review of refusal also take the following: we 17 preferred stockholders of denied a he has G. L. Court of Appeals Circuit a to charge a The court also found the manufacturer. illegal to picket the place of business of any one not party to a labor dispute for the purpose of a owner to take sides in a controversy in which interest." no was by a vote of six to one. According to "Times-Union" of Dec. 8, the court laid down a rule that the union's purpose must be to "persuade, not to the Albany intimidate^" and therefore modified to this extent an Appel¬ late Division injunction restraining a New York City butchers' union from picketing the delicatessen store of Isaac Goldfinger, who sold products purchased from a non¬ union company. Ended Strike YY:YYVy ,'Y; ■;-YY;yv . Company When Normal Resumes Operation and According to New Jersey Ruling—Decision Replaces Strikers, Affects Newark Plant been manner 28, by J., who Dec. ruling, N. Trenton, employer's business is operating in a and to a normal extent," according to a and the filled normal when the places of the strikers have "is ended A strike ago. United on seek to persuade case. years Justice McReynoldg. BUit who is and telegraph messages did not prohibit con¬ The Communications Act The majority opinion on Dec. 20 was written by Justice Roberts, and was con¬ curred in by Chief Justice Hughes and Justices* Brandeis, Butler, Stone, Cardozo and Black. The dissenting -opinion was union may The decision Wire Tapping Evidence obtained by tapping telephone wires cannot be used a public by peaceful picketing from purchasing a non¬ union product "whether at the plant of the manufacturer or at the store of the retailer" if the retailers have "a unity Smyth, executor of the estate of the late James J. Ransom of Ohio. Mr. Eney acted as attorney for Arthur W. Machen Baltimore. held that the Yice-C^ancellor Maja Leon Berry of issued an injunction restraining all picketing at the plant of the Mode Novelty Co. of Newark by members of the United Product Workers Local Industrial Union 132, an affiliate of the Committee for Industrial Organization. He cited as precedents two Federal court decisions, two by State courts in Massachusetts, a ruling in November in the California Superior Court, and a de¬ cision of the New Jersey Court of Errors and Appeals. In Newark Case Picketing Vice-Chancellor Berry Closed Holds " Shop "Still Illegal" A ruling on t)ec. 22 by Vice-Chancellor Berry of New Jersey to the effect that the "public policy" of New Jersey has not changed regarding monopolies by labor unions and it still is illegal to conduct a strike "which has for its primary object the enforcement of the closed shop upon an employer and the creation of a monopoly of the employment iaa particular trade in a given locality" was reported in tne Newark "News" of that date, which stated that the ViceChancellor in his ruling confirmed his ban imposed last month against picketing at Canter's Sample Furniture House, Inc., 113 Springfield Avenue, Newark, by Retail Furniture Employees, Local 109. Miller & Co., New decision upholding Ended Strike at Brooklyn "Daily Eagle" a jury that Haskins & Sells, certified public Striking editorial and commercial employees of the Brook¬ accountants, allegedly misrepresented the position of G. L. Miller & Co. in a lyn "Daily Eagle" returned to their jobs^on Dec. 27 under an agreement signed on Dec. 23 by the Newspaper Guild of balance sheet United which it StatesSupreme in Dismissal of Court Orders Dismissal of "Sit-Down" Apex Hosiery Case litigation involving the constitutionality of strike was ordered by the United States "sit-down" the ';YYY ,Y";' issued on Sept. 30, 1925. New York and the Settlement of the paper's management. strike, which began on Sept. 13, was brought about through the intervention of the State Mediation Board. The con¬ tract, to remain in effect for one year, was signed in the Board in New York City in Dec. 13, when it sent the case back to the Federal Court at Philadelphia with instructions to dismiss offices of the State Mediation "upon the ground that the cause is moot" since the strike presided had Elmer Supreme Court on been settled long 13, Washington, Dec. Associated Press advices from. reporting this, stated: ago. This action had been requested the of scene Federation In not be it strike Full-Fashioned to a dismissed for still sit-down a of answer by the Apex Hosiery Co. of Philadelphia, last Hosiery conducted summer Workers. by the V;,rY: moot, the labor organization asserted an action against of the • Sherman Anti-Trust Act was the was Supreme first litigation involving sit-down strikes to reach the -:YY Court. Court on Nov. 8 indicated that it believed no ruling on the constitutionality of "sit-down" strike was necessary, when it directed the American Federa¬ tion of Hosiery Workers to show cause before Dec. 6 why an appeal from an injunction granted by the Third Circuit Court of Appeals against such a strike by employees of the Apex Hosiery Co. of Philadelphia should not be dismissed on the ground 'that the question is no longer pertinent. Agreement for the settlement of the strike at the Apex Hosiery Co. was reached July 29. The United States Cir¬ cuit Court of Appeals at Philadelphia on June 21 held the strike at the Apex Hosiery Mills to *be in violation of both anti-trust law Sherman and the Wagner Labor Rela¬ California y Court Decides in Government's Favor in Elk Hills Oil A in favor decision turned in Fresno, Yankwich of the was re¬ on Dec. 4, when Judge Leon R. the government's title to land in the Elk Hills Petroleum Field, denying the claim of the Stand¬ ard Oil Co. of California and awarding the government $6,164,102 as damages due to drilling operations over a long period. It was estimated that the'decision was worth Court advance made new $10,000,000 and $22,000,000. Permits Dec. New York State Court of Appeals, in a ruling 7, held that picketing of a New York City store by a union was illegal because it was not specifically against a normal conditions On the eve the of the Treasury 64.64c. an ounce beginning Jan. 1, 1938, of 77.57c. previously paid under the egregious silver program. This slight concession to mone¬ tary common sense was the only step of consequence taken against as at the price in the month. The general pact for maintenance of silver price levels throughout the! world the at year-end, made that expired. the but United was permitted to lapse States purchases really treaty of little significance long before the pact Stability of silver prices and increasing use of the white metal the agreement. for monetary purposes Although a measure were the aims of of stability was intro¬ duced by the United States purchases, use of the metal was confined entirely to this country and nothing was gained world sense, while a large sacrifice was Treasury, which paid outrageous figures for American production and probably also a larger figure a for monetary the otherwise have been necessary. Toward the end of December the Treasury in Washington indicated that pacts for purchases of Mexi¬ Canadian and Chinese silver would be continued, but purchase levels remained undisclosed. Essen¬ tially, this means' merely that the silver purchase program can, the actual will be continued, as required by law, with the bounty to producers somewhat lessened, while information American their silver as to the subsidy paid foreign countries stocks and new for production. Intergovernmental Debts on butchers' directed restoration of President Roosevelt issued a proclamation that production of American silver will be purchased by Goods, if They Possess "Unity of Interest" with Manufacturer The toward by any leading government. still is denied "Peaceful Picketing" of Stores Selling Non-Union closed year ' between a . for metal from other countries than would Federal Government upheld Calif., Guild, for the stabilization problems gained December, but it can hardly be said that any- notice in some material entailed Suit—Rules Against Standard Oil Co. ot Currency Problems <in tions Act principal demand- not granted under the agreement. International currency and new The United States Supreme the The was was pending. the Board member who the mediation proceedings at the request of Andrews, New York State Industrial Commis¬ American Y\,Yv. "_Y. • of Arthur S. Meyer, over F. sioner. shop, Supreme Court order to show cause why the case should as damages for alleged violation This the presence non-union product sold by the establish¬ Only modest and anticipated change in the war debt position was recorded on Dec. 15, when semi-annual pay¬ ments were due the United States from 13 European coun¬ tries. a The change, announced late last summer, consisted MONTHLY Jan., 1938] by Hungary, wliicli thus is the Mr. United States Treasury. Hungary paid $1),828, which is a small fraction of the sum actually due from the regency, but the payment was accompanied by a note to the effect that the three-year period (jluring which such semi-annual payments and of small token payment a first be utilized will made be to are in current and ; The amount . Great Britain on both due, from but security accounts be reached." France paid not a penny against the $455,009,163 due, and the note from Paris is said tb have been devoted largely to elaborate explanations of French Other defaulters 15 are: Italy, $84,119,757; Belgium, $61,300,084; Poland, $51,766,147; Czechoslovakia, $16,315,400; Rumania, $7,438,750; Estonia, $4,160,287; Yugoslavia, $1,913,515; Latvia, $1,607,298, and Lithuania, $1,353,227. and the resume payments at this time. and past due Dec. due sums , New standstill arrangements credits covering " the ex¬ tended to German banks and industrial concerns by institu¬ tions in other countries were evolved at meeting a in London, Dec. 1 tol3. ment with are of The changes effected in the agree¬ relatively little importance when contrasted problem rapidly is being cleared up. When the collapse of Germany's ex¬ ternal credit occurred in 1931, the standstill then agreed upon involved about $1,495,000,000, with the American par¬ ticipation calculated at $486,000,000. The renewal effected Dec. 13 was in respect of credit lines totaling $440,000,000, of which the United States share hardly exceeds $100,000,000.. This was the first occasion on which the meeting took place in Londap, previous sessions having been held in the Berlin. simple fact that the standstill Under thearrangement now reported two changes of importance are to take place. gradual of substitution new There is, firstly, to be a commercial bills of highest cash advances which are regarded as the poorest existing types. Secondly^ cer¬ tain obligations guaranteed by the Golddiskontbank and now the sole obligation of that institution because the origi¬ nal debtors are bankrupt or otherwise out of existence are to be paid by the guarantor in the respective foreign cur¬ rencies. The guaranteed lines of credit concerned are esti¬ mated at about $3,600,000, or 10% of the total of guaranteed lines, and the repayments will be made in proportionate amounts to the respective creditors. types for existing finance bills and Trade Terms of temporary trade pact preliminary to a more general understanding, which may possibly be of the reciprocal tariff type. Under the temporary treaty most of the restric¬ tions of recent years are swept aside and trade relations between the two countries placed on a reasonable basis. A pact negotiated in 1871 is replaced thereby, for the rea¬ son that the older agreement ^vas archaic. Italy now agreement was said undertakes to grant treatment, with a to be the United States most-favored-nation few necessary exceptions, while this coun¬ try grants in turn a generalization to Italy of the lower tariff rates already embodied in existing reciprocal treaties with third countries, important discriminations exercised United States in recent years thus will end. It is specified that certain special concessions granted to Austria by Italy at the start of 1938 are ex¬ empted, much as our special concessions to Cuba are ex¬ empted in pacts with other "countries. A good deal of satisfaction with the accord was expressed in Washington, where it was pointed out that the most-favored-nation pro¬ visions include not only import tariff rates, but also quota restrictions and exchange controls. by Italy against the American Fresh statements on Foreign Policy the foreign nations other peoples." and country owes, goal of peace." by the sinking of the the ultimate general to This stated, "some measure of cooperation In the anxious moments occasioned gunboat Panay these declarations were received with little criticism, although some of the Presidential comments are suspiciously akin to his famous doctrine of world leadership and quarantining other countries that do not happen to The general situation a look at things as Mr. Roosevelt does. apparently impelled the President to take a vigorous stand expansion of our naval forces, and it appears that a for large bill for such activities may yet be presented to the The fact is, of course, becoming a feature of world long-suffering American taxpayers. naval that competition is affairs, with Great Britain leading the way, and other con¬ known by Mr, Roosevelt on Dec. 28, in thertorm of a letter on Appropriations of the/ pause of Repre¬ to the Committee "World sentatives. the expansion policy of the United caused growing me con¬ When the Con¬ of armaments everywhere. Roosevelt added/ he may send sup¬ plementary estimates for naval construction in addition to the currently outlined program. The alarm felt by the President is general and does not relate to any specific again meets, Mr. gress nation, to any specific threat against the or he said. •; Far States its in China relations bombed Panay, in countries with .other and World since 12, when the Japanese invaders United the sank States gunboat Yangtze River, 25 miles upstream from Nan¬ a The invading forces in the undeclared war were just king. entering the Chinese capital there mad Tension Eastern War days occurred on Dec. of United States, " . the most serious incident affecting the United Perhaps is than more officers and a men attacked deliberately batteries Ladybird the of on little as the incident occurred, and to reason believe that victory- of the Japanese air and land forces It happens that land attacked the British gunboat day, and apparently on orders from Panay. the Japanese the same high Japanese officers that all vessels in the Yangtze were to be sunk. Regarding the incidents much dispute and was States Britain a to the on on But it is certain that a serious strain relations in caused one hand, the other. be little excuse, between and Japan between and Japan the and United Great The United States Government took particularly stiff stand on the matter, for these seems if any, for the high-handed actions of the invaders. The gunboat Panay, of 450 tons, was moving slowly up- river from the doomed city of Nanking when the Japanese attacked the machine ship, first by airplane bombing and then by from Japanese river launches. A par¬ gunnipg ticularly large American flag was flown by the river craft at the time, and it never was lowered. The flag was painted noted also that on the both sides of the vessel, attack occurred soon and it is to be after noontime, with visibility good. Three river boats, of the Standard-Vacuum Oil Co. were being convoyed upstream by the Panay, and these ships also were bombed, although they likewise flew large American flags. Several squadrons of Japanese air¬ planes engaged in the attack, and the pilots zoomed so close to the Panay that the • identity hardly could have When the first bombs fell on and around the been avoided. ship, seamen sprang to the guns of the vessel and in this manner managed to keep the airplanes from sinking the ship immediately and destroying all hands and all evidence. As it was, other States appeared in have events cern," said Mr. Roosevelt, who then proceeded to dilate on doubt still prevails. Treatiea between the United States and Italy were announced on Dec. 18, one day after signatures were attached to the accord in Rome. This a by closing our eyes to the fact not we are part of a large world testants, including Japan, France, Germany, Italy and Rus¬ sia. That the United States will enter this race was made German Standstill „ or Mr. and even leadership in maintaining the standards of conduct helpful of Roosevelt : might inability to be assured can that whether we like it British the e&ge." In reply, Mr. Roosevelt empha¬ but added that Amer¬ icans always have rejected every suggestion that "ultimate Government contented itself once again with assurances that it is "willing to reopen discussions on the subject whenever conditions are such as to warrant the hope that a satisfactory result $994,486,367, was the defeated candi¬ In the message do the election. last national sized the American desire for peace, overdue instal¬ v that he had their full emergency, Governor of Kansas, former at the water's cease by the Treasury contrast painfully with the $1,680,170,447 and payable on that President, Alfred M. Landon emphatically arraye^ the Re¬ publican opposition hehind the President in foreign affairs, in observance of the old American tradition that "politics reaching a permanent pledges, and a payment in full of $232,143 was made by the small Scandinavian country, All other war debtors continued to default, and the small sums received due the date at the national ments. in unreserved with readjustment of the $1,939,000 debt. Finland continued to observe its fine and worthy tradition of honoring its inter¬ actually Roosevelt, support in the conduct of foreign affairs. The President disclosed on Dec. 22 an exchange of telegrams to resume transfers to the defaulters the of 5 EE VIEW died three persons were killed on the spot, and an¬ later. Two American sailors gave up their lives in this attack, while the American captain December, largely as an offshoot of the Panay sinking by Japan on Dec. 12. The new declarations the oil leave much of one of Officer of the to be desired, for they are little more than a capricious President in a moment of Secretary of State Cordell spoke briefly on the problem of application of the existing neutrality legislation in the Sino-Japanese war, on Dec. 6, but he merely insisted that "the State Department keeps constantly in mind the fact that the principal purpose of the Act is to keep the United States out of war." It was after the Panay sinking and bombing occurred on Dec. 12, and an acrid exchange of notes began with Japan, that really fresh developments appeared in the situation. Many leaders in the United States promptly telegraphed /rallying behind our Along ships and an Italian with correspondent also died. others, Lieutenant A. F.' Anders, Executive Panay, was seriously hurt. The Panay sank slowly, and all on general uncertainty and strain. launches, which Hull shore of the river. war board were transferred to sampans and utilized in escaping to the reed-grown were Airplanes searched for the party, which fortunately was able to hide in the reeds and thus escape complete destruction. made its way Aided by Chinese natives, the party inland and telegraphed the American Am¬ bassador the report. Succor quickly was arranged, and the entire party returned some days later to Shanghai, on the gunboat Oahu. The attack on the British gunboat Ladybird almost lels the bombing of the Panay, for paral¬ identification was easy 6 MONTHLY KEVIEW and almost unavoidable. Tokio continued to insist land batteries vessel was accidental rather than no to sailor killed and several others was the on — The British ship was shelled from Nanking and at Wuhu, and one British near Panay international The attack wounded. rendered additionally serious, from the was viewpoint, because Japanese launches fire at the ship, despite the fact that the American flag was still flying and plainly visible. Great indignation naturally was occasioned by these incidents throughout the English^ speaking world, and it would appear that even the Japa¬ ' militarists nese were impressed by the enormity of the offense. The diplomatic result naturally was an immediate exchange of highly formal notes. President of thei public/ Roosevelt took prompt steps which/the latter to Secretary of State Japanese Foreign Office dispatched a further apology Two days repeated the offer of indemnification. a similar note was sent to London and thereafter with respect to the shelling of the Ladybird. that the attacks on the United States and Still insisting British ships accidental, the Japanese finally gave the desired assur¬ ances that steps would be taken against repetition of the were unfortunate incidents. In the note to Washington the Japanese Government declared that rigid orders had been issued to the invading forces in China to avoid any infringe¬ ment of, or unwarranted interference with, the rights and interests Moreover, Hull, in urged to communicate to the Govern¬ finally relaxed somewhat on Dec. 26, when Washington the facts Cordell Tokio that the American on intentional, and there is wanted to see things in - tension He made when attack on the Panay were established. instructions the to doubt light. The had approached four hours before the sinking and thus estab¬ lished beyond all question both the whereabouts and the nationality of the vessel. Moreover, other launches ap¬ peared as the Panay was sinking and directed machine gun reason this that the firing of United the closed States contact and other American with Powers. third authorities in China, and improved means of communicating the where¬ Ipmperor Hirohito be informed of the protest, and it would seem\that this request was felt keenly in Japan, where the of American interests and nationals, would be brought about, it was promised. Secretary Hull promptly sent a reply expressing reserved satisfaction with the apology and the promised steps. * Mr. Hull insisted, how¬ ever, that findings of the American Court of Naval Inquiry Son were ment/ 63 bv ■v was Japan the sense of shock and concern occasioned the incident. Roosevelt requested specifically that Heaven is considered above politics and diplomacy. a formal protest could be delivered by the on Even Mr. before State Department, apoligies were tendered by the Japanese Foreign 0£|ice. In the Tokio note it was contended that mistake had been made owing to poor visibility, and in¬ a demnification quickly for all losses was promised. Strict orders issued, the Japanese note said, for preventing were any further incidents, and a promise was included for "ap¬ propriate treatment of those responsible."' The Japanese note was handed to Ambassador Joseph C. \ Grew just two hours before a formal American protest was cabled to Tokio. pointedly of their many assurances that foreign interests and rights would be respected in the course of their "In these circumstances," the note military expedition. added, "the Government of the! United States expects and requests of the Japanese Government a formally recorded expression of regret, an undertaking to make complete and comprehensive indemnification, and an assurance that defi¬ nite and that specific steps have been taken which will hereafter forces .. or nationals, interests and property be subjected to attack by Japanese armed unlawful interference by any Japanese authorities forces whatsoever." or It indicated was assure American in China will not nese apology was maintained was * ^0 . made by subsequently that the spontaneous Japa¬ considered inadequate, and this attitude though it was announced by the even Prime Minister Foreign Secretary Anthony Eden. international As './ detailed the the fighting within invaders had during December. way forces China is concerned, the/ things almost entirely their own In central China the Japanese land advanced rapidly early in the month toward Nan¬ objective. Preceding these forces were huge airplane squadrons, which inflicted severe pun¬ ishment upon Chinese military and civilian populations. The gates of Nanking were reached by the invaders on Dec. 7, and after stern and protracted fighting they com¬ king, their immediate pleted the investment of the city on Dec. 13. For some days, during this battle, no reports whatever were avail¬ able, and grave apprehensions as to the fate of the city and its inhabitants thus were occasioned. exceeded when were to send It then was their generous treatment of subject ally in the horrible most killing, and made This conduct and on were again able known that the the "chivalry" and Chinese, engaged actu¬ indescribable ruthless raping of Chinese a The worst fears independent observers dispatches. looting women and and girls. by the Japanese deepened immeasurably the bitterness felt throughout China toward the invaders, and probably assured an indefinite continuance of the struggle. In the north of China the Japanese resumed their activities after a threw important military long period of delay, on Dec. 25. They detachments across the Yellow River and an invasion of Shantung Province. The embittered Chinese withdrew slowlyy-destroying all mills, utility plants and other large properties as they went The spread of the Japanese forces over a vast area also made possible a started greater they use by the Chinese of the guerrilla tactics in which highly skilled. are Spanish War Desperate fighting was resumed in the Spanish civil war during December, after a period of quiet that followed the insurgent capture of the northern coastline. It was the British interests generally anticipated new the of far-as After the fall of the Biscay area *feo the insurgents, it was of obligations. reports So Japanese Mr. Chamberlain assured Panay sinking were made it appeared ever more likely that the Japanese attackers were fully aware of the nationality of the vessel when they attacked. American, British and Chinese observ¬ on be presented to the United States Government. In the United States the incident caused a rapid spread of the boycott of Japanese wares. * to loyalist army, however, that forced the issue, instead of the insurgent group headed by General Francisco Franco. Chamberlain available, ers Japanese apology to Great Britain also was accepted reservations. The Japanese people quite plainly felt a deep and sincere sorrow about the Panay sinking. A popular movement gained headway for public contributions to a fund which might be used in building another Panay, with and Neville the Members that he is not unmindful and The invaders, who had prided themselves Japanese Government, on Dec. 16, that Rear Admiral Teizo Mitsunami, chief of Japanese aerial operations, had been relieved of his post as a result of the bombing and sinking of the Panay. There followed for nearly two weeks a period of intense strain and uncertainty, as the Japanese sifted the reports from their naval and military officials, and as facts were presented by the American officers of the Panay and by press correspondents and others who. were fleeing from Nanking aboard the ship. Nor was the tension between Japan and Great Britain of greater lesser intensity than that between Japan and the United States. The British Government made public on Dec. 15 an exchange of notes with Tokio, in which strenuous protests were made against the shelling of the Ladybird and the machine-gunning of the British Ambassador to China, early in the undeclared war. The British Govern¬ ment was questioned in the House of Commons on Dec. 21 regarding this matter, but only the most cautious comments were held reliable, and that aspect of the matter was left unsettled, since the court findings differed materially from the Japanese contentions that it was all a sad Occident. 1^ the latter communication, Secretary Hull expressed the sehse of shock occasioned by the sinking of American vessels which were in the Yangtze by "uncon¬ tested and incontestible right" The Japanese were re¬ minded abouts ship all agreed that identification was readily offensive soon thereafter that against General Madrid Franco would lead a and perhaps also against Barcelona, where the loyalist capital now is located. Early in December the insurgent commanders declared that a major offensive actually had been started, but it appeared mistic. The that their loyalists kept were far too opti¬ drilling troops and preparing With the insurgents still dor¬ statements on possible for the Japanese airmen, and simply unavoidable for for the river launches which subsequently fired on the ship. This increased the American demand for satisfactory apolo¬ mant, the loyalists began a genuine offensive in mid-Decem¬ gies and southernmost prevent that proper steps would be taken to recurrence. The ugly disclosures crystallized assurances a sentiment in the United States, and full support" was ex¬ ber further around front. It Within against modern that carried on all sides in this crisis. the town tip of Teruel, of the insurgent which constituted salient on the the Aragon • surprise attack that the loyalists carried out Teruel, and independent observers reported that was Japan the sinking of the Panay and the repercussions of the incident caused great consternation. It became evident tended the Administration eventualities. a arms and the greatest military skill were employed. Striking in the midst of leader a blinding snowstorm the loyalists 20, two days after the place was There remained in the city, however, three separate bands of insurgents who were determined to hold out to the bitter end. Taking refuge in old and solidly built structures in the town, these groups managed to evade destruction, although their numbers dwindled as various the members surrendered to the loyalists. grave schisms were developing" between the Tokio and the military officers actually responsible for bombing. Varying accounts apparehtly were made officials the available to reported'on Tokio Dec. by her militarists in China. It was 20 that Colonel Kingoro Hashimoto, a in the Tokio military revolt of 1986, had ordered firing, and it was also reported at the time that this officer had been relieved of his command. But subsequent dispatches indicated that Colonel Hashimoto merely was transferred* Throughout all the confusion, precious Teruel on Dec. surrounded. armies started a counter-offensive in The main insurgent to relieve the order garrison, and soon there were 300,000 troops locked in a major battle, which remained undecided at the end of the MONTHLY Jan., 1938] most of Some 150,000 troops were engaged on either side, and be fairly well matched. Some year. important gains were made late in December by the insur¬ gent forces, and sections of the town apparently fell again into their hands. The London Non-intervention Committee Dec. 26. troops from either side. European Diplomacy European diplomatic scene all indications during December again pointed to aggressive tactics on the ^part of the fascist States, with the democratic countries struggling more or less actively to maintain their positions. The In the Ruteian States was ^augmented to a Mussolini, announced in his best oratorical style on Dec. 11 the formal withdrawal of Italy from the League of Nations. The action was foreshadowed plainly enough by the continued absence from League meetings of Italy, during the last two years, but it nevertheless sent further shivers across Europe. It was generally interpreted as a signal for the further cementing of the alliance formed by Germany, Italy and Japan. After the Home-Berlin axis came the "steel axis," with Japan included, and these three countries ap¬ pear to represent a formidable coalition, even though the strength of the union ancLfhe precise terms of their agree¬ the dissatisfied undisclosed. the fascist circle. and Berlin slowly reason to believe that months. Late in December the Ru¬ forced to. resign, was fascist regime followed. and a pro-German , The only outward sign given by the democratic States of these trends and developments consisted of a journey to the French Del bos. It allies, undertaken by Foreign Minister Yvon was understood that M. Election could be induced to take the trouble to vote. being drawn into are Yugoslavia has been flirting with Rome for many Cabinet manian TEetfe is States Balkan the on M. Goga was chosen Independent observers long have pointed out the curious similarity of political procedure in communist Russia and the fascist countries of Europe. Another illustration of the like results achieved by dictatorships, whatever their avowed aims, was furnished Dec. 12 by a "free and secret" ballot for the Supreme Soviet of Russia. The election was reminiscent of the last German poll, where the only choice was to approve Chancellor Hitler's program or abstain from voting. In the Russian plebiscite an electorate estimated at 90,000,000 was asked to vote for a Soviet of the Union with 569 members, and a Soviet of Nationalities with 574 members. The only candidates, however, were those who approved completely of the present leadership of Joseph Stalin. As was the case in the last German election, the sole point of interest was that of the number of voters who certain degree when the Italian dictator, Benito of and by King Carol on Dec. 28 to form a new regime, and a Cabinet list based on "personali¬ ties" quickly was formed. The new Cabinet is described as decidedly pro-German in its leanings, with its main tenets an extreme anti-Semitism, anti-Parliamentarism, and a thorough disbelief in democratic methods. inactive, save for some slight progress early in Decem¬ ber toward formulation of a plan to withdraw 3,000 foreign some by the older parties, the flagrantly votes lost ceived 9%. A coalition was held out of the question, M. Tatarescu handed his resignation to King Carol was ment remain the fascist Iron Guard receiving 16% of the total vote, while the milder" Christian Front fascists of Octavian Goga re¬ these armies were reported to grouping of 7 REVIEW Delbos would discuss It was quickly established that the press and oratorical campaign had Suf¬ ficed to bring out most of the electorate, and Dictator Stalin thus was able to point to a tremendous and unani¬ mously favorable ballot. On the eve of the election, M. Stalin addressed his countrymen in terms that are hardly distinguishable from those used by Herr Hitler not so long ago. He described the plebiscite as "the freest and most democratic election in the history of the world." Such trip to Berlin by the British Lord President of the Council, Lord Halifax. In November, Premier Chautemps and M. Delbos visited London for con¬ ferences on this situation, and little actually is known of the discussions. One of the most significant things about the round of visits by M. Delbos is the fact that Moscow was omitted from the itinerary, this being an obvious con¬ cession to the fascist phalanx. The French Foreign Min¬ claims contrast sharply with the "purge" of thousands of victims of the Stalin dictatorship, who were massacred in ister first visited steel the results of the recent the Warsaw, and after a stay of four days usual official statement was issued on that Dec. 8, stating friendship and understanding prevail. After leaving Poland, the Minister moved to the Rumanian capi¬ tal, Bucharest, where amity again was emphasized in an official statement on Dec. 11. Turning next to Yugoslavia, M. Delbos concluded, a brief visit to Belgrade on Dec. 13, great again with mutual expressions of affection. But it happens that riots attended the visit to Belgrade, and the censored still leave the cause of these manifestations in doubt. Continuing to Prague, M. Delbos was greeted in the Czech capital with unquestionable enthusiasm, and a statement about the unity of views with which that contact ended on Dec. 18 carried conviction. Perhaps the soundest reports recent months because they happened to hold views ever so slightly divergent from those entertained by the communist dictator. - Steel Trade—Non-Ferroue Metals The steel trade closed the month of December with opera¬ tions at the lowest point since September, 1934, and with prices increasing after an uninterrupted drop week of August Despite unusual handicaps 1937, with only 1929 and 1928 higher. Major non-ferrous metals again declined to new low price levels. In its issue of Dec. 30, 1937, the "Iron Age" stated in substance as follows: The in scrap the third steel made a remarkable record in the year steel industry winds up 1937 with an average operation of not more than 20%, with fully a dozen steel plants shut down completely and others operating at the barest mini¬ an outstanding exception being the plants of the Tennessee Coal, Iron & RR. Co., which have attained a 65% rate by reason of recent rail orders. Despite the financial plight of some of the railroads and the decline in cqr loadings, the immediate outlook for railroad buying mum, commentary on the entire situation was supplied by Paris of steel is better than in reports, at the end of December, that a virtual embargo had been ordered on shipments of French armaments to Yugo¬ the other hand, the automobile industry, which has led the slavia and Rumania. in French Financet v Fresh difficulties were faced by the Left Front Govern¬ December, owing to a resurgence of Strikes in all parts of the country. Civil employees mainly were concerned in the latest manifestations, which devel¬ oped when some of the concessions granted earlier in the year were modified for.budgetary reasons. But industrial workers as a whole also joined in the movement, as the 40-hour week was subjected to reinterpretation. A long series of minor strikes was capped on Dec. 29 by a brief general strike in Paris, which tied up the water, light, transportation and other essential services of the city. The Cabinet took energetic measures to end this threat, and ment the of use should France of in armed force was promised if such extremes to restore order and tranquillity. But a decision also was reached to grant somewhat larger pay increases than had been contemplated by Premier Camille Chautemps, and the settlement really represented prove necessary While these developments were in progress, struggled with the budget, and finally passed an ordinary budget of 54,600,000,000 francs. A small surplus is anticipated in this largest budget of all French history, and much concern exists as to the tax burden necessary for carrying such a load. a compromise. the Parliament Ru&iahian Cabinet National elections in Rumania on Dec. 20 resulted in considerable a political upset there, which threatens gravely the general balance of forces An Europe as a whole. A strongly fascist regime supplanted the government of the Liberal leader, George Tatarescu, when the election returns demonstrated a lack of solidarity among the voters. It appeared that Premier Tatarescu obtained only 38%% of the ballots, whereas 40% are necessary to keep the existing regime in office. The National Peasant party, headed by Dr. Julius Maniu, received only 19%% of the votes, which also reflected the extent of the upset. Fascist groups gained some other important fields. of previous slumps, is at production and in steel buying. way out On unusually low point With the exception of Ford Motor Co., the automobile industry will be almost completely shut down during the first 10 or 15 days of January. Construction activity is at low ebb at the mo¬ an ment, but a number of fair-sized projects are pending requir¬ ing plates, shapes and pipe. A moderate improvement in steel plant operations is expected in the first week of January, but further gains may be slow and halting until some of the existing uncertainties have been swept away. "Steel" of Cleveland, in its summary on Jan. 3,1988, stated in part : "While general business is restricted and lack of confidence restrains buyers from covering freely, certain outlets for steel mill products show indications of requir¬ ing fairly heavy tonnages over a large portion of the year. Among these shipbuilding looms large, as both naval and merchant ships are planned and some of the steel placed. This is distinct from the general business situation and depends »to considerable degree on subsidies from the gov¬ ernment." After an interrupted drop from $20.58 in the third week of August, 1937, the "Iron Age" composite price of steel scrap advanced on Dec. 7, 1937, to $13.08 a gross ton (as compared with $12.92 a week previous), and in¬ creased during the balance of the month under review as follows: To $13.42 on Dec. 14, to $13.58 on Dec. 21, and to $13.75 on Dec. 28. No changes w^ere noted in the "Iron Age" composite prices of finished steel and scrap, which remained at 2.605c. a pound and $23.25 a gross ton, respec¬ tively. At Dec. 28, 1936, finished steel was quoted at 2.330c. a pound, pig iron at $19.73 a gross ton, and steel scrap at $i7.75 a gross ton. The operating rate of the steel companies having approxi¬ mately 98% of the steel capacity of the industry, according the American Iron and Steel Institute, was scheduled 19.2% for the holiday week beginning Dec. 27, 1937, the lowest rate since the week of Sept. 3, 1934, when operations were at the rate of 18.4%. It also compares with 23.5%, for the holiday week beginning Dec. 20, 1937; 27.4% for the preceding seven-day period; 27.5% for the to at the rate of 8 MONTHLY week beginning Dee. 6, and 29.6% for the week beginning Nov. 29. The high for 1937 made was week the during beginning April 26, when operations were estimated at 92.3% of capacity. At the close of December, 1936, opera: tions were reported to be at the rate of 77.0% of capacity> and at the close of 1935 at 46.7% of capacity. As to non-ferrous metals, "Metal and Mineral Markets" reported'during the month in substance as follows: Busi¬ booked ness ended Dee. in 8 major non-ferrous metals the in week inspired to some extent by lower prices for both copper and zinc, with inquiry for metals chiefly for first and second quarter delivery. Copper in the domestic trade in the following was on a moderately larger scale, week averaged a little lower in price than in the preceding seven-day period, while lead and zinc were unchanged; tin was slightly higher. In the week ended Dec. 22 consumers of non-ferrous metals showed more interest in the market, but total volume of sales remained small; lower prices were established ih domestic copper, lead and tin during this period. was So far as the domestic trade in non-ferrous metals concerned, there week ended Dec. were no changes of consequence in the 29, demand for domestic copper being inactive, while that for lead continued on a hand-to-mouth basis. Continued brought the price dulness of at copper the outset Dec. on 2 of the month to 10.00c., down ^Connecticut Valley, a reduction of %c., and the lowest quotation since Nov. 19, 1936. Good inquiry developed on the following day, the price gradually moving back to 10.50c. Copper was later reduced to 10.25c. as of Dec. 9, and to 10.12^>c. as of Dec. 16, at which latter figure it held during the remainder York declined lowest figure on Dec. reached of this metal 16 of the from Lead New at 5.00c. Nov. since month. 2, to 4.75c., or to the 1936, when the price 4.70c. Zinc at New York dropped from 2, continuing at that level through¬ out the rest of the month, and was the lowest price reached since Nov. 16, 1936, when zinc was 5.32^c. Tin at New York, after twice touching a high for the month of 44.75c, closed on Dec. 31,-1937, at 41.00c., as compared with 42.50c. on the last day of the preceding month. The International Tin Committee on Dec. 10, 1937, announced the lowering of the export quota for tin to 70% of standard tonnages for the first quarter of 1938, as compared with 110% for the last two quarters of 1937 and 100% for the first quarter was 5.60c. to 5.35c. of 1937. to on Dec. Production under the advices, 70% quota will, according approximately 140,000 tons annually, pro¬ all producers, plus about 11,500 tons of. un¬ be rated among filled quotas. Lumber Movement r. The lumber industry during the holiday week ended Dec. 25, 1937, stood at 34% of the 1929 weekly average of pro¬ duction and 35% of average 1929 shipments, according to reports to the National Lumber Manufacturers' Association by regional associations representing the operations of im¬ portant hardwood and softwood mills. December is always the lowest month of the year in lumber output and move¬ ment.- May, which For the third consecutive week since the month of 1937, reported was much new curtailed orders due were above production, to year-end shut-downs. Reported production for the Dec. 25 week was 17% less than new business booked and about the'same as reported ship¬ ments. Reported production, shipments and orders were all below the preceding week and below the corresponding week of 1936. National production reported for the week ended Dec. 25, 1937, by 1% fewer mills was 20% below the output (revised figure) of the preceding week; shipments and new orders were both 12% below the corresponding figures of that week. Production in the week ended Dec. 25, 1937. was shown by reporting for both 1937 and 1936 as 18% softwood mills below, shipments as 29% below and new orders 37% below the corresponding totals for the same week of 1936. Lumber production and shipments in the year 1937 were less than 2% above 1936, as reported weekly to the National Lumber Manufacturers' Association. Cumulative ders in 1937 were 10% below the 1936 record. new or¬ During the week ended Dec. 25, 1937, 541 mills produced 115,891,000 feet of hardwoods and softwoods combined; shipped 115,763,000 feet, and booked orders for 140,025,000 feet. Revised figures (number of feet) for the four weeks preceding follow: Orders Week Ended— Mills , Production Shipments 132.059,000 145,637,000 155,571,000 142,587,000 Deo. 18. 1937 ,646 Dec. 11,1937 661 145,673.000 154,229,000 Deo. 671 158,029fOOO 672 163,914,000 4, 1937. Nov. 27, 1937 Received 158,786.000 159,471,000 153,106,000 144,705,000 All regions but West Coast, Western Pine and Northern Pine reported orders below production in the week ended Dec. 25, 1937, and all except these three reported shipments below production. All regions except Southern Cypress reported orders below those of the corresponding week of 1936; all reported shipments below last year's week and all softwood regions but California Redwood and Northern Pine reported production below that of the same week of 1936. - • Hides, Leather and Footwear The First National Bank of . Boston, in its "New England Letter," under date of Deo. 29, comments upon the§e markets as follows: REVIEW "Following an abruptly terminated fall run and a pro¬ longed pause between seasons, shoe manufacturers are be¬ ginning to cut leather for the spring run. The marked advance in hide prices has played an important part in the resumption of activity. "Excessive shoe production in the first six months, which carried output 19% ahead of the same period of last year, resulted in an accumulation of stocks in distributive channels. This situation was corrected in part by limiting the fall run to moderate initial orders which the usual re-orders. Should were the not supplemented by Christmas trade fail to reduce these stocks satisfactorily, a further downward ad¬ justment of retail prices may occur in January. "Since Easter is three weeks later than last year, a slow opening of the spring season is a logical development. The principal reason for the delay, however1, has been the in¬ ability of shoe manufacturers to buy leather at prices con¬ sistent with the cheaper quality shoes sought by jobbers and mail order buyers. Under these conditions the manufac¬ turer is compelled to force concessions in leather prices from the tanner, cheapen his product or effect a cooperative wage agreement with his labor force. The situation should cry stallize in the near future since production must soon get under way if seasonal deliveries are to be made. "Leather prices have firmed at a level approximately 25% below the peak of last spring. Recent orders have been readily filled from inventory and tanneries continue heavily curtailed at about 50% of capacity. A sharp drop in the consumption of leather below production last fall resulted in cancellations and numerous so tanners have a moderate carryover of fall and winter leather. Their stocks spring grades being relatively light, however, and their hide inventories being small, it recently has been necessary for them to enter the domestic packer market where the bulk of the best hides is concentrated. Current prices in Chicago are below Buenos Aires. Naturally, as volume increased, the packers raised their asking prices and tanners have re¬ luctantly paid advances which so far have amounted to about 15%." ' / of Grains Domestic wheat markets were .'/■ ■ narrow affairs during the past month with the price movements again irregular. After display of moderate strength at the outset, the markets developed a reactionary trend. Unfavorable crop reports from Argentina and the developments of a fairly active a European demand for United States hard winter wheat responsible for the early strength. Congestion in the December position was also a factor. Although the demand for export account was the largest in some time, it lacked per¬ sistency and later subsided, and prices subsequently moved were downward. Belated liquidation by holders of December contracts, who did not desire to take delivery of the cash grain, also contributed to the easiness. Furthermore, the official estimate of the Argentine crop issued on Dec. 15, prospective total yield this season at 192,000,000 bushels, was somewhat higher than most private expectations, which ranged from 175^000,000 to 190,000,000 bushels. However, the belief prevailed in some quarters that the estimate did not allow for late frost damage. Frost damage has also made it difficult to appraise the quality of this season's crop and any marked lowering in grades would also hinder exports. The final crop report issued by the U. S. Department of Agriculture on Dec. 17 pointed to a domestic production of 873,993,000 bushels, as compared with the previous estimate of 886,895,000 bushels. With domestic consumption estimated from 675,000,000 to 700,000,000 bushels, there will remain from 175,000,000 to 200,000,000 bushels available for export and carryover. In view of the unusually small carryover of old crop supplies, a part of this surplus, possibly as much as 50,000,000 bushels, will be needed to replenish reserves, while recent estimates of proba¬ ble U. S. exports for the season place the amount at 102,In 'the event of the latter figure being 000,000 bushels. realized, the remaining surplus should not prove to be un¬ duly burdensome on the price structure, and particularly so as a portion of this year's crou is of low grade and unfit for milling purposes. In the meantime, foreign buyers of U. S. wheat for the most part have continued to display reluctance in following price advances, and have been content to await periods of easiness for making purchases. Many of the im¬ portant domestic winter wheat areas have recently been benefited by the receipt of moisture in the forms of snow, sleet and rain. While this has no doubt helped to improve the moisture conditions, it has not been as beneficial as rains would have been had they occurred during the summer and early fall months. On Dec. 21 the U. S. Department of Agriculture placed the condition of the winter wheat crop as of Dec. 1 at 76% of normal, compared with 76% a year ago and 78 % two years ago and 82 %, the ten-year average. Owing to the combination of late seeding and lack of subsoil mois¬ ture over a large area, especially in the western sections of the win to/'wheat belt, which have a large acreage, the new winter wheat crop in the United States is making a less favor¬ able starts than normally. Corn, contrary to wheat, dis¬ played firmness throughout the month, due to buying by exporters for shipment to the United Kingdom and the Con¬ tinent. According to reports, European, buyers have been impressed by the fine quality of' the arrivals of American corn, therefore a good export business in corn is expected this season, in fact, the best in a number of years. The surwhich placed the Jan., 1938] MONTHLY plus in Argentina has been reduced to a negligible amount, while the new crop in that country is in need of rain and in the event of January proving to be a hot, dry month, it is claimed that important crop deterioration will follow. In regard to oats and rye, these markets moved within com¬ paratively narrow limits and were more or less featureless. In Chicago the May option for wheat closed on Dec. 31 at 90c., as against an opening price of 90c. on Dec. 1. At Winnipeg the May wheat option closed at 118J^c., as against an opening of llOMc. on Dec. 1. May corn in Chicago closed on Dec. 31 at 61 Mc. compared with an opening of $5^c. on Dec. 1. May oats closed at 30%c. as compared with an opening of 30c. on Dec. 1. May rye closed at 71 as compared with an opening of 66Me. on Dec. 1. . V' '•>/'Sugar . Prices during in the sugar "futures" the past but times, ) month. they Temporary of were . market short rallies duration. .i,. downward moved occurred The at REVIEW trend developed, ment in the large-scale in the chiefly caused by the renewed unsettle- security automobile month markets retrenchment another industry. mild In , the part announcement of the the leading closing under got recovery days of unit of the following way statements credited to the Dutch member of the I. R. R. 0. the effect that the price of rubber is now materially below the level considered desirable by the that to committee, the present price would prevent any of synthetic rubber and that more extensive production rigorous curtailment will depend upon the statistical position of the market. Ribbed smoked sheets for spot delivery were quoted at 14%c. asked Dec. 31 against 15%c. asked Nov. 30; 15 ll/16c. Oct. 30 (Oct. 31 was Sunday) ; 17%c. Sept. 30; 18%c. asked Aug. 31, the same as on July 31; 19^c. asked June 30; 20y>c. asked May 29; 21 3/16c. asked April 30; 26%c. asked March 31; 22c. asked Feb. 27, and 21 %c. asked Jan. 30. Textile* of feature and the on during the month, and one which the trade had been anxiously waiting for, was the announcement from Washington on Dec. 20 that Secretary of Agriculture Wal¬ lace had placed the initial 1938 quota for the areas supply¬ ing the United States consuming market at 6,861,761 short The textile trades continued dull but later in the month gave scattered indications of an tons, satisfactory results the news which compared y 6,682,000 and final \Although the figure with the similar indications for sharp drop from carryover United 6,650,000. 1937 1937 quota of 7,013,733 not was outset, total initial the as consumption 1938. to It is of at the "in November the and substantial a estimated 1937 consumption for Following publication short tons. bearish December, pointed to 1937 States in regarded of quota will 1938 that be the about the quota, market had considerable hedging pressure to contend with. As the new year approached, and with the remaining time before the Cuban new anxiety to dispose of Cuban raw grinding raw sugar shortens, more indicated. Sales of season was during the month cpnsiqted of the fol¬ lowing, all c. & f. exclusive of duty: On Dec. ^January shipments at 2.42c. and 2.40c.; on Dec. 8, prompt at 2.38c.; on Dec. 9, prompt at 2.30c.; on Dec. 20, late December ship¬ ment , sugars improvement. Retail early moderate seasonal experienced its customary ex¬ trade pansion prior to the holidays, although the total sales vol¬ ume ran somewhat behind last year's figures. shown were in the The industrial least sections where growing unemployment weakened the public buying power; in the rural areas, notably in the Southwest, sub¬ stantial gains over last year's volume were registered. trading continued at a disappointing level, re¬ flecting the extreme caution of retail merchants in adding Wholesale their to commitments and the general uncertainty over future price developments and the nearby outlook for busi¬ During the latter part of the month a moderate ness. improvement appeared to be getting under way chants showed somewhat more willingness to cover promotion needs, greatly reduced in ber, after although While early late the and in inventories a number hesitancy, mild a December crop mer¬ reported to be Raw cotton in Decem¬ followed thg period official were of lines. as January a steadier reaction trend, took report showed place. another at 2.35c., and on Dec. 29, January shipment at 2.30c. large increase over the previous month, forecasting ac record shipment at 2.28c. The wholesale list price ^qutput of 18,746,000 bales, a better undertone was unmis¬ refined, immediate delivery, was quoted at 4.75c. to takable, based largely on the fact thar growing portions of 4.85c. until Dec. 20, when the Sucrest Sugar Refining Co. the current crop are going into the government loan stock, reduced the price to 4.65c., while others continued to quote thus relieving the market of unduly large hedge offerings. and February for from 4.75c. The ment to Senate for the Some encouragement 4.85c. Dec. on 20 ratified the international agree¬ regulation sugar which had been of production and marketing of signed in May of 1937 by the United States and 21 foreign countries. to be effective for five years This agreement, which beginning Sept 1, 1937, is was ratified after the understanding was made that if legislation • setting up our tariff on own full-duty higher than that quota system is terminated, the will be maintained at a rate not sugar sugar existing. now ,v While month, displaying the coffee Coffee few abandonment weeks ago. among coffee as a "defense" result of program Governmental developments in stabilize the milreis and small her of Brazil a to regulate taxes, &c., and continued coffees in the local markets were supplies of good the constructive factors. left in an The trade, however, was frame of mind because, counteracting uncertain these temporarily bullish implications, was the knowledge of the huge surplus remaining in Brazil and the expected heavy shipments from that country in the near future. Moderate speculative interests had been attracted to the "futures" market by the low price level, and this buying helped to give the market an appearance of stability. coffee Roasters, nevertheless, refused to follow the advance, and the market failed to maintain all of the price gains. In Brazil the "futures" markets No. 7 Santos was remained closed. Dec. 31 at 7M@7%c. against 10%@10Mc. Oct. 30 (Oct. 31 was a quoted on 7M@7%c. Nov. 30; Sunday), the same as Sept. 30; 10%c. Aug. 31; 10%@10%c. July 31; 10%c. June 30, the same as on May 29 (May 30 fell on a Sunday and May 31 was a holiday); 10%@10%c. April 30; 10%c. March 31; ll%c. Feb. 27, andl0y2@10%c. Jan. 30. No. 7 Rio was quoted on Dec. 31 at 6Mc., the same as 30, against 9c. Oct. 30 (Oct. 31 was a Sunday) ; 9Mc. Sept. 30, the same as on Aug. 31; 9%c. July 31, the same as on June 30; 9%c. May 29; 9Mc. April 30; 9%c. March 31; 9%c. Feb. 27, and 9Mc. Jan. 30. on Nov. rubber, following the to 70% in the export quota ordered for the first quarter of 1938 by the R. R. C., continued to show a firmer trend during the first part of the month. While business in the rubber con¬ industries estimates remained forecast sharp unfavorable and declines, it was consumption held that the committee is aiming for a higher price, and in the event of continued slackening demand would not hesitate to order a further cut in the export quota for the second quarter. Another steadying influence was the widespread belief that many tire factories requirements. are Later in not covered the month im¬ scattered a While the world statistical position is admittedly of the record output in this unfavorable, in view country and the depressed con¬ dition of the textile industry both here and abroad, the steady undertone, displayed especially after the Release of the government crop report, has lead many to believe that adverse factors have been largely discounted. No extensive upward movement is anticipated, however, if only for.the reason that large quantities of the staple would become available if prices reached government man figures. Spot cotton here minor fluctuations the of 8.51c. carried in Dec. the New 21, York was quoted 8.00c. Dec. 1. price steadily advanced to from quotation which point 8.38c. to Dec. After a high moderate reaction 31. Trading in the a gray cloth market broadened perceptibly as converters felt encouraged to replenish their stocks, in view of the ing spread¬ part of the mills to curtail production and because of reports that supplies both in distributive move on the also and consuming channels Print at cloth at Fall are River smaller than generally believed. 28-inch 64x60's was quoted for 3%c. throughout the month. The price of 27-inch cloth remained unchanged at 3%c., and Osnaburgs continued to be quoted at 6%c., the same as Nov. 30. The 60x64's also report of the Census Bureau, issued Nov. 14, and covering of NovemW, showed a further material decline in the United States consumption of cotton. The amount the month consumed in November totaled 484,819 bales of lint and 57,565 bales of linters, compared with 526,464 bales of lint and 72,928 bales of linters in October, 1937, and 625,794 bales of lint and 63,435 bales of linters during Novem¬ ber, 1936. v The woolen goods market remained very dull manufacturers terials until interest use in most generally after existed the cruise the in deferred turn tropical and of the purchases year. worsteds and winter resort trades. mills continued at as of Some clothing new ma¬ scattered gabardines for Operations of low ebb, and a number of plants suspended activities altogether. Demand for women's wear goods made a slightly better showing, with active interest manu¬ facturers placing fair-sized reduction I. suming moderate displayed in shetlands and fleeces, and with garment Rubber Crude the . steadier undertone during the past "futures" market failed to recover its a equilibrium following the upset that occurred Brazil's also found in was provement of the gray goods market resulting in resumption of buying on the part of the mills. on a their first quarter mildly reactionary orders for spring materials. Japanese double extra 13-15 deniers were quoted Dec. 31 at $1.50@$1.55 ''against $1.55@$1.60 Nov. 30; $1.71@$1.76 Oct. 30 (Oct. 31 was a Sunday); $1.86@$1.91 Sept. 30; $1.85@$1.90 Aug. 31; $1.82@$1.87 *July 31; $1.89@$1.94 $1.77@$1.82 May 29; $1.77@$1.82 April 30; $1.97@ $2.02 March 31; $1.80@$1.94 Feb. 27, and $2.00@$2.05 Jan. $0. June 30; In the of the 20-22 deniers Japanese crack double quoted at $1.48@$1.53 Dec. 31 against $1.49@ $1.54 Nov. 30; $1.59@$1.64 Oct. 30 (Oct. 31 was q Sunday) ; extra case were $1.62@$1.(>7 Sept. 30; $1.79@$1.84 Aug. 31; $1.78@$1.83 July 31; $1.85@$1.90 June 30; $1.73@$1.78 May 29; $1.82@ KEVIEW MONTHLY 10 $1.87 April 30; $1.81@$1.86 March 31; $1,76@$1.81 Feb. $1.94@$1.99 Jan. 30. non-gasoline bearing crude in storage, which 874,281 barrels to a total of 65,376,608 barrels. Daily average crude oil produced in California during November was 701,988 barrels, contrasted with 694,481 barrels in October, the Institute reported. There were 101 of fuel oil and 27, rose and Petroleum kind It* Product* Complete cessation of Sunday operations in the East abandoned in December after a four-week completed during the month, with an initial daily production of 58,888 barrels, compared with 96 wells com¬ pleted during October with an initial daily production of wells Texas field was Nov. 21. This shutdown, which affected approximately 24,000 wells in that area,' had the effect of bringing crude-oil production down sharply, but when the order was rescinded the flow again was accele¬ rated to a point where it was above the Federal quota for December. This upturn was witnessed in the week ended Dec. 25, when production for the Nation as a whole'spurted 52,750 barrels over the imediately preceding week to a total of 3,492,600 barrels daily. The Bureau of Mines quota for December was 3,491,300 barrels. With wells in the East Texas territory again operating on Sunday during the Dec. 25 week, production in that area soared 70,750 barrels daily. The net increment for the entire State of Texas was 63,550 barrels. None of the other States revealed any substantial gains; as a matter of fact most of the changes were in a downward direction. Meanwhile, at month's end there was a widespread con¬ viction in petroleum circles that the oil well shut-in plan again would be put into effect. However, the actual de¬ cision on this question undoubtedly will be postponed until it is definitely determined that uneasiness is being created by the high production figures. The Texas Railroad Com¬ mission, after hearings late in December for January allow¬ ables, pared daily production 39,269 barrels daily to 1,357,573 barrels, but dropped the proposal of engineers for a com-' plete Sunday shutdown of all fields for four Sundays. Com¬ missioner Ernest O. Thompson disclosed that the Sunday production holiday plan would be studied until the January trial, which started on 62 767 bftrrds W. the widespread probable reduction in exports, which were throughout 1937. The year just closed, he said, was the best earnings year since 1929. With better earnings came a record production of crude oil, with increased demand both for domestic consumption and for in a "This pleasant experience of the oil industry," he con¬ tinued, "came about through three principal causes: (1) an increase in consumption greater than had been anticipated; (2) reasonably well-balanced relationship between supply and demand and (3) a fair production for January, 1937, and is 6% above The Bureau's by States follow: V , Oklahoma-. Louisiana New Mexico Total 3,406,800 major price changes in the Nation's crudeduring December. Seasonal firmness sene, developed in the mid-West heating-oil tractor fuel and furnace boost will restore normal oil Yi cent a gallon., The prices in all instances where the special price is abnormal. At the close of the month in the East the market for light fuel oils was said to be more active, price changes were announced. The heavy was reported sluggish. Shipments- of oil burners during November aggregated 10,446 units, contrasted with 24,525 units in October and 16,347 in November a year ago, according to the Department of Commerce. For the first 11 months of the year, ship¬ ments came to 184,841 units, against 185,577 in the corre¬ although no fuel-oil market sponding period a year ago. Gasoline stocks as of the week ended Dec. 25, totaled 74,437,000 barrels, an increase of 1,149,000 barrels over the preceding week. This expansion brought the aggregate to within 7,000,000 barrels of the 1937 peak of 81,651,000 bar¬ rels, which was established on March 31. Runs of crude oil to refineries in the week ended Dec. 25, averaged 3,245,000 barrels daily, a rise of 25,000 barrels over the immediately preceding week. The capacity of operating refineries was estimated at 78.6%, a gain of 0.7%. award imposed terms impossible of fulfilment." Russia's waning importance as a factor in the world export demonstrated afresh toward the end of the month, when the Petroleum Press Service reported that shipments of Soviet oil during the first nine months of 1937 slumped to 1,480,905 metric tons, a drop of 466,402 tons, or 24.4%, from the corresponding period a year ago. Since 1934 the volume of oil exported from Soviet Russia has fallen by more than half. The Soviet's future prospects as an oil exporter are' not very promising, according to the authority. Production is stagnating, while domestic requirements con¬ tinue to expand, and in consequence the surplus available for exports—so far as there can be any question of a surplus Refined Products oil market was Dec. 4—Standard Oil of Indiana tractor fuel and in Philadelphia was of contraction. Secretary Harold L. Ickes announced order extending to Dec. 31, 1938, all oil and gas ' j of the Chicago effective Dec. 6. Dec. 10—A H-cent a gallon cut DECEMBER advanced sub-normal prices of kerosene, furnace oil H cent a gallon, with the exception and Detroit metropolitan areas, Late in December, 4,300 2,300 Colorado market, when the Standard Oil Co. of-Indiana announced on Dec. 3 that it would advance sub-normal prices on kero¬ companies' contention is that they are unable to pay wage one-third the workers' salaries and furthermore that the system of operations established by the Govern¬ ment's decision is impossible. The companies' statement follows: "The directors of your company regret to advise you that despite their efforts to reach a fair and equitable settlement of the economic conflict between the oil industry and the Syndicate of Petroleum Workers of the Mexican Republic, the Federal Labor Board, in its decision of Dec. 18, imposed conditions of such a nature that it is absolutely impossible to comply with the award. "You are aware, of course, that the oil industry made you an offer which, had it been accepted, would greatly have improved your economic status not only over that which you are at present enjoying, but far in excess of that enjoyed by the workmen of any other industry in the country. "Unfortunately, it is impossible to arrive at any agreement and your directors, therefore, reiterate their regret that the .. 9,600 Indiana were no oil markets increases of ^ 14,300 13,900 9,500 35,200 - Arkansas companies, acting in unison, announced that 13,100 55,500 54,100 51,000 - Pennsylvania they would not pay the wage increases ordered by the Mexi¬ can Government on Dec. 18. The first instalment was to be due on Dec. 31. The decision came soon after the Mexican Government had halted more than 100 Americanowned oil-tank cars, which were leaving the country. The an - Kanasas There 27,400 1,350,900 Illinois 678,300 Montana 566,600 Kentucky 238,400 New York 179,300 Ohio 103,100 West Virginia. - - Michigan prospecting permits which are outstanding on Dec. 31, 1937. 3ermits, which on Dec. 31,1937 do not fall in one or more of ;he five classes of permits specified in the Act of Aug, 26, .937, are not granted an extension to Dec. 31, 1939, by hat Act and cannot under any circumstances qualify or jecome legally entitled to an extension beyond Dec. 31,1938. The Arkansas State Board of Conservation made effective on Jan. 1 a proration schedule carrying daily allowable of 10,329 barrels for south Miller County field. Per well allowables range from 25 to 386 barrels. Fifty wells in the field are now producers and seven additional completions were expected by Jan. 1. Stocks of petroleum products in storage on the Pacific Coast rose during November for the third consecutive month, according to the American Petroleum Institute. On Nov. 30 supplies of all products on hand totaled 124,289,318 barrels, an expansion of 917,914 barrels from the Oct. 31 total. The increase was due principally to the building up of supplies In Barrel* In Barrels Texas belief that when, as, and if the a process actual demand estimated crude-oil requirements (in barrels) Wyoming undergoing This for that month. particularly interesting development during the month at all—is • was' represents a decline of 84,500 barrels from the market esti¬ mate for December, but is 227,200 barrels more than actual of a December was the direct action taken by United States and British petroleum companies operating in Mexico. On Dec. 30, these level of prices. average crude oil demand during "January estimated at 3,406,800 barrels by the Bureau of Mines. Daily Texas alone. issue of spite of export. Sunday shutdown plan is re-adopted, it will be a general shut-in with the entire State participating rather than East A Standard Oil Co. (New running unusually heavy California was * Jersey) declared in a year-end statement that the American oil industry looks forward confidently to a maintenance or even a small expansion in demand during 1938, in spite of the recent and current decline in general industrial activity, and hearing. It * Farish, President of the S. in gasoline prices to 7 H cents to dealers posted by Atlantic Refining. FINANCING OF THE UNITED STATES . TREASURY December provided good growing weather for the Treas¬ ury's credit. The prices of outstanding issues improved materially, the average rate on the weekly discount bill issues fell, and the quarter-date financing operation was carried off with spectacular success. Revenue receipts were well maintained, too, with total receipts from all sources amounting to $840,884,943 through Dec. 29, compared with $499,651,336 in the corresponding period of last year. Income tax collections in December increased to $482,106,154 from $281,901,517 in December, 1936. Following his custom of letting out the facts about forth¬ coming issues by instalments, Secretary of the Treasury Henry Morgenthau Jr., announced on Dec. 2 that the Treasury would seek no "new money" on the tax date, but would, instead, confine its operations to refinancing of the current maturities, consisting of $450,651,000 of discount bills falling due immediately after Dec. 15 and $276,679,600 oi 25/s% notes maturing on Feb. 1, 1938. Secretary Morgenthau gave out the details of the new issues in the press of Dec. 6. On that day he offered for cash $250,000,000, or thereabouts, of eight-year 2)/£% Treasury bonds of 1945, and $200,000,000, or thereabouts, of five-year 1 %% Treasury notes of Series C-1942. The holders of the 2^% note! due Feb. 1, 1938, were offered the privilege of exchanging1 the notes for either the new bonds or the new MONTHLY Jan., 1938] The new 2^% bonds offered for cash and in ex¬ change were dated Dec. 15, 1937, and were to mature on Dec. 15, 1945. In view of the comparatively small size of the issue and the early maturity date, the Treasury stated, no provision is made for redemption prior to maturity. The new notes were dated Dec. lf5, 1937, and their maturity date notes. set at Dec. was It is 15, 1942. noteworthy fact that the eight-year 234% bonds had pffered for cash in just a year. It was in December, 1936, that the Treasury last offered bonds for cash—2^s due in 1953 and callable in 1949—and it was at that time that the high-water mark in the Treasury's credit was reached. In the preceding three quarter dates of 1937, the Treasury had not seen fit to offer any security longer than notes for cash. Last September the financing had involved five-year 2% notes and 15month 1 % notes, and the Treasury barely squeezed through successfully on the offering before the market weakened. The market rating of the Treasury's credit improved, how¬ ever, in the final quarter of 1937 coincident with the re¬ entry of the banks as buyers of Government, securities on were a the first bonds that the Treasury balance. The cash subscription books to the financing were closed on day of the offering and the exchange books were closed on Dec. 8. Secretary Morgenthau announced on Dec. 14 the final figures on the quarter-date financing. Cash sub¬ scriptions received for the $250,000,000 of bonds and $200,000,000 of notes offered totaled $6,786,725,800, according to the Secretary, and the amount allocated was $512,544,450. All exchange subscriptions of the $276,679,600 of 2%% notes maturing on Feb. 1, 1938, were allotted in full in the amount of $260,768,000. Cash subscriptions for the 2*^% bonds amounted to $4,084,309,500 and allotments totaled $293,511,750. Exchange subscruptions received and allotted amounted to $247,428,500. For the new l%% notes cash subscriptions amounted to $2,702,416,300, of which $219,032,700 was allocated. Exchange subscriptions for the note amounted to $13,339,500, and such subscriptions were allotted in full. Total subscriptions for the notes were $540,940,250 and for the notes $232,372,200.® Quickly rising to a premium, the new bonds closed the month at a premium of 2 18-32 points .and the new notes were priced at a premium on the bid side of 1 20-32 points. The Treasury changed the weekly series of discount bills beginning with the issue dated Dec. 22. The Dec. 1, 8 and 15 issues completed the series of $400,000,000 of bills matur¬ ing between March 16 and 19, 1938. The Dec. 22 and 29 issues were of 91-day maturity. Thus the Treasury has recently shortened the maturity of its weekly bill offerings from 273 days to 91 days. The Federal Intermediate Credit Bank System on Dec. 8 offered $22,700,000 of 134% consolidated debentures at a slight premium over par value and the subscription books were closed in less than an hour, following an over-subscrip¬ tion. Of the total offering, $9,000,000 bore a maturity date of June 1§, 1938, and $13,900,000 was to mature on Sept. 15, 1938. Both issues were dated Dec. 15, 1937, on which day $23,900,000 of the system's debentures fell due and was repaid. . Secretary Morgenthau announced on Dec. 12 that cash sales of United States savings bonds, the so-called "baby bonds," amounted as of that date to $1,000,566,181.95, representing the sale of approximately 4,500,000 bond units to 1,200,000 people. Expressed in maturity value, the savings bonds sold to that date amounted to $1,344,088,242.60. The Secretary said that the annual sale of savings bonds had steadily increased. < Sales for the 10-month period the BEVIEW with count basis treasury bills sold given in the following tables: are Bills Bias Offered Dated Nov. 26 1937 Deo. 2 1937 Deo. 9 1937 Deo. 16 1937 Dec. 23 1937 Deo. 1 1937 Deo. 8 Deo. 80 1937 Jan, a investment bankers Mar. 18 1938 i937 Mar. 19 1938 Mar. 19 1938 Deo. 22 1937 Mar. 23 1938 94 days 91 days Deo. 29 1937 Mar, 80 1938 Apr. 6 1938 91 days 91 days 50,000,000 153,977,000 To Redeem Bias Subscrip¬ Amount Average Offered tions Accepted Price Yield 99.966 0.119% 0.129% 0.124%. 0.102% 0.101% 0.065% Nov. 26 1937 Deo. 2 1937 Deo. 9 1937 Deo. 16 1937 Deo. 23 1937 Deo. 80 1937 $138,479,000 145.843,000 J53.402.000 126,308.000 140.292,000 153,977,000 $50,040,000 50,142,000 60.030:000 60,098,000 99.964 60.073*0Q0 99.968 99.974 99.975 60,000,000 99.984 Maturing Issue of— $50,004,000 60,010,000 50,012,000 60,177.000 50,004,000 60,049,000 NEW SECURITY ISSUES IN DECEMBER New financing in the domestic market for December and the year, as a whole, showed a marked shrinkage in volume. Total figures for 1937 approached the levels existing when business first displayed signs of its emergence from the As the year got under way, lesser grade obliga¬ tions were without favor and only the medium and higher grade securities, whose prices were more attractive, met depression. a favorable RAILROAD ■ FINANCING : $3,900,000 Atchison Topeka & Santa Fe Ry.—Evans, Stillman & Co. and associates submitted on Dec. 20 the highest bid for an issue of $3,900,000 2M% equipment trust certificates, due in 1 to 10 years. The group offered a price of 101.5719. No public reoffering of the certificates were made, as the issue was placed privately. Other tenders made by banking institutions indicated: First Boston Corp. group, 101,19817; Salomon Brothers & Hutzler, Dick & Merle-Smith and Stroud & Co., 101.133; Brown Harriman & Co. and associates, 101.018; Halsey, Stuart & Co.. Inc., ankers Trust Co., 100.309; g'oup, 100.1177; Whiting, Weeks & Knowles,Assurance Co., Inc., 101.012; Equitable Life 100.01, and Wood Struthers & Bank of Chicago, 100.495; Glore, PUBLIC Co., 100.03; First National Forgan & Co., 99.581. UTILITY FINANCING $6,425,000 St. Joseph Ry.. Light Heat & Power Co.—The first public offering of securities of the company since 1916 was made Dec. 29 with the marketing of $5,625,000 1st mtge. bonds, 4 M% series due 1947, and $800,000 serial notes due 1939 to 1943. The bonds were priced at 99M%. The notes were pricea to yielo from 3% to 4M%Both issues were under¬ written by a group headea by the First Boston Corp. ana in¬ cluding BTaisey. Stuart & Co.. Inc.; Harris, Had & Co. (Inc.); Coffin & Burr, Inc.; F. S. Moseley & Co. E. H. Rollins & Sons, Inc., and Arthur Perry & Co.. Inc. Coincident with the public financing, the company sold $1,575,000 serial income notes due 1939 to 1948 and $300,000 preferred stock to an affiliated company. 2,625,480 Associated Telephone Co., Ltd.—Financing for the company in the form of bonds and preferred stock was carried out Dec. 14 with an offering of $1,800,000 first mortgage 4% bonds and * ' 36,688 shares of cumulative preferred stock, $1.25 series, through an underwriting group comprising Bonbright & Co., Inc.; Paine, Webber & Co.; Mitchum, Tully & Co., and Blyth & Co., Ihc. The bonds were priced at 102M plus accrued interest from July 1, 1937, and the preferred stock at $22.50 Eer share plus accrued dividends from Nov. 1, 1937. Both have been oversubscribed. sues MUNICIPAL FINANCING - $11,210,000 New York, N. Y., various purposes bonds, due serially from 1939 to 1953 inch, were awarded to an account headed by Halsey, Stuart & Co., Inc., New York, as 2 Ms, at a price of 100.618, a basis of about 2.42%. Reoffered for public In¬ vestment to yield from. 1% to 2.90%, according to maturity. 10,000,000 New York (State of) grade crossing elimination bonds, ma¬ turing annually from 1938 to 1987 incl., were purchased by the Bank of The Manhattan Co. of New York and associates, as 2Ms, at 100.69, a basis of about 2.47%. Reoffered to yield from 0.40% to 2.50%, according to maturity. 10,000,000 Chicago, til., refunding bonds of 1938, due annually from 1941 to 1948 incl., were taken by a syndicate headed by the Chase National Bank of New York, at 101.14, a basis of about 2.83%. Reoffered to yield from 2% to 2.95%, according to maturity. 6,650,000 Philadelphia. Pa., school bonds, issued for funding purposes and due serially from 1939 to 1957 incl., were awards to the State Public School Employees Retirement Board, as 3 Ms, at 100.428, a basis of about 3.70%. Two banking groups also competed for the issue. 3,700,000 Cuyahoga County, Ohio, Main Ave! bridge bonds, due semi-annually from 1939 to 1963 incl.. were sold to a group headed by Blyth & Co., Inc., New York, as 3Ms, at 101.40, a basis of about 3.37%. Reoffered to yield from 1.50% to 3 35% according to maturity. 3,599,000 Tennessee (State of) funding and county reimbursement bonds, due in 1947 and 1948, were awarded to a syndicate man¬ aged by Halsey, Stuart.& Co., Inc., at a price of 100.06 for 2Ms and 3Ms, a basis cost of about 2.93%. Reoffered to yield 2.80% and 2.90%, according to interest rate and ma¬ turity. 2,500,000 Nassau County, N. Y., various purposes bonds, due an¬ nually from 1938 to 1957 incl., were purchased bjr the Chase National Bank of New York and associates, at a price of 100.0002 for a combination of 3Ms and 3.90s, the net interest being about 3.26%. Reoffered to yield from 1% to 3.30%, according to maturity. , were sold as fallows: various purposes bonds, maturing an¬ nually from 1939 to 1963 incl;, were purchased by Blyth & Co., New York, as 2s, at 100.157, a basis of about 1.98%. Re¬ offered to yield from 0.75% to 2.20%, according to maturity. The balance of the city's financing constituted the private sale of $1,000,000 1H% water improvement notes, due Feb. 1,1940, callable Feb. 1,1939, to Lazard Freres & Co., Inc., New York, and Braun, Bosworth & Co., Toledo, jointly, at 100.37, a basis of about 1.06% to maturity. a tions $50,000,000 $138,479,000 50,000.000 145,843.000 60.000.000 153,402.000 50,000.000 126.308,000 50.000.000 140,292,000 inclined to feel that with . Subscrip¬ Offering 107 days 101 days were market, further financing of this character would be under¬ taken. The largest piece of financing to come into the market in December was the $10,000,000 issue of the West Virginia Pulp & Paper Co., followed by the $6,425,000 offer¬ ing of the St. Jdseph Ry. Light, Heat & Power Co., com¬ prising $5,625,000 1st mtge. 4}4% series bonds and $800,000 of serial notes. One other issue of size was the $5,000,000 offering of 3 3^% debentures of the International Business Machines Corp. Below we give the larger offerings in December: dis- Amount of Mature Dec. 15 1937 5 1938 on particularly, up 2,410,000 Cincinnati, the sale of buyers tendency to float in November amounted to $2,000,050, compared with $3,The details of Institutional all available offerings. During the year there a greater proportion of issues for other than refunding purposes than was true in the past and was Mr. Morgenthau said on Dec. 15 that net market purchases of Government securities for Treasury investment accounts 716,000 in October. reception. keen interest in the latter type of security, and a gathered in which these bonds were sold in 1935 amounted to $259,000,824.77 maturity value, while 1936 sales were $473,515,140.78 and 1937 sales to that date were $601,572,277.05. good showed 11 total Ohio, bonds and notes of $1,410,000 2,250,000 Mississippi (State of) highway notes, due from 1957 to 1961 and bearing interest at 3M % and 4%, were sold to a syndicate headed by John Nuveen & Co. of Chicago, at 100.068, a basis of about 3.785%. Reoffered at prices of 99. 102 and 103, de¬ pending on interest rate and maturity. 1,912,000 Syracuse, N. Y., various purposes bonds, due serially from 1938 to 1957 incl., were awarded to a group headed by Lehman Bros., New York, as 2.20s, at 100.289, a basis of about 2.17%. Reoffered to yield 0.50% to 2.40%, according to maturity. . INDUSTRIAL AND MISCELLANEOUS FINANCING $15,000,000 Colombian Petroleum Co.—The company, it is understood, during November placed privately, at par, with a life insurance company. $15,000,000 3% serial notes due 1943-1947. Pro¬ ceeds, it is said, Will represent new money. » South American Oil Co. (50% owned by Texas Corp. and 50% by Socony-Vacuum Oil Co.) owns approximately 79% of the stock of Colombian Petroleum Co. 10,000,000 West Virginia Pulp & Paper Co.—Marking a resumption of major industrial financing for new and productive purposes, a banking group headed by Brown Harriman & Co., Inc. Dec. 3 offered $10,000,000 15-year 1st mtge. bonds, 4M% series, dated Dec. 1, 1937. and maturing Dec. 1, 1952, at 100 and accrued interest. This is the first public financing to be undertaken by the company, which is the largest producer of white or "book" paper in the United States. Associated in the offering group are Blyth & Co.. Inc.; Kidder, Peabody & Co.; White, Weld & Co.; Goldman, ISachs & Co.. Alex. Brown & Sons, and Kuhn, Loeb & Co., New York. 12 REVIEW MONTHLY of 10c. a share were & Savannah RR.—Extra dividend of 25c. a share and a dividend of $2 a share were paid Dec. 22 on the capital stock. Augusta Automobile Insurance Co.—Extra dividend of 30c. quarterly of 25c. of rental machines and for other corporate purposes. Laboratories—A banking group headed by A. G. Becker & Co., Inc., and including Snields & Co., and F. S. Moseley & Co.. on Dec. 6 offered at $100 a share 20,000 shares of 4H% cumulative convertible preferred stock ($100 par). 2,000,000 Abbott The issue was on wre issued under was increased from 75c. $200,000 series K-2 placed privately. Balfour Aircraft Engineering Corp.—Public offering was made Dec. 9 by John J. Bergen & Co., Ltd., New York, of 95,000 shares ($1 par) common stock. The shares were offered by means of a prospectus at $9 each. 731,250 Gotham Credit Corp.—Offering was made Dec. 1, by means of a prospectus, of 200 shares of class A convertible stock (no par) and li5,000 shares ($5 par) class B stock of the corporation by James Shean & Co., New York. The class A shares are priced at $62.50 and the class B shares at $6.25 per share. It is intended that the proceeds of this financing will be used mainly as additional working capital, enabling the corporation to accept a large volume of business which formerly had to be avoided. Part of the proceeds may be used to replace lines of credit now outstanding which approximate $190,000. ' , t CHANGES IN DECEMBER Changes in dividend declarations in December are numer¬ and are for the most part of a favorable nature. The following list, divided into two sections, namely, "Favorable Changes" and "Unfavorable Changes," gives the more im¬ portant of the changes: CHANGES Abbott Laboratories—Initial dividend of 46He. on share or the 4H% cumul. convertible preferred stock, par $100, payable Jan. 15. In additlon the directors on Dec. 9 voted to increase the extra dividend of 10c. a share, which had been declared on Nov. 18, to 20c. a share. Payment was made on Dec. 29, last. '•> * Adams-Millis Corp.—Special dividend of 50c. a share on the no par com¬ stock, payable Dec. 24. mon Administered Fund Second, the common stock on „ Inc.—Dividend of 25c. a BancOhio 3. a a share paid was share were a a share and a regular share were both paid Dec. 27 on the common stock. January, 1931, when 50c. a share was distributed. w , paid in Bellanca Aircraft Corp.'—Initial dividend of 50c. a share was 4% four-year notes Dec. 27 on the common stock. Bethlehem Steel Corp.—Dividend of $1 a share was paid on the no-par common stock on Dec. 24 last. This is in addition to the $1.50 dividend declared on Oct. 28 and likewise paid on the same date. Co.—Dividend a on the common share and became payable on stock increased from 15c. a Dec. 23 last. Birdsboro SteeL Foundry & Machine Co.—An additional dividend of 25c. a share was paid on Dec. 27 on the new no-par value common stock. One of 50c. a share was paid Dec. 15 on this issue. Birtman Electric Co.—Dividend of 75c. a share was paid Dec. 24 on the $5 par common stock.- <<&An extra of 25c. and a regular quarterly of like amount were both distributed on Nov. 1, Aug. 2, and on May 1 last. Bishop Oil Corp.—Extra dividend of 12 He. a share and a dividend of 7 He. a share were both paid on Dec. 15 last on the $5 par common capital stock. This compares with 10c. a share distributed on Sept. 15 last. (E. W.) Bliss Co.—In accordance with a capital readjustment plan approved on Dec. 9, directors have declared a dividend of $18.76 per share on the first preferred stock; $20.79 per share on the second preferred class A stock, and a dividend of $3.56 H per share on the second preferred class B stock. These payments are in satisfaction of all back dividend on the respective issues. One-half of the above-mentioned dividends was paid on Dec. 10 to holders of record Dec. 9 and the balance was - payable Jan. 3. Bloch quarterly dividends of 50c. Previously' regular $1 Barker Brothers Corp.—Special dividend of 75c. a share was paid Dec. 23 on the common stock. This is the first payment on this issue since share was paid on Dec. 23, last. quarterly of 75c. a share on the capital stock, par $10 both payable Jan. of Corp.—Extra dividend of two cents quarterly of 20c. Aetna Casualty & Surety Co.—Extra dividend of $1 a share In addition to a 23 last. share to $1.25 a share and was paid Dec. (W. H.) Barber Co.—Extra dividend of 25c. a share and a regular quarterly of like amount were paid Dec. 20 on the $1 par common stock. share to 25c. ous FAVORABLE a Dec. 24 on the Corp.—Dividend on the common stock Building, Inc.—Christmas dividend Binks Mfg. ' DIVIDEND Chain Dec. 23, last, on the common voting trust certificates. 855,000 Grumann i; last. Baldwin-Duckworth In addition to the foregoing an issue of second lien certificates the ho-par common stock in¬ share and became payable on Dec. 21 on Balaban & Katz Corp.—Dividend of $4 a share was paid voting trust certificates for the common shares. *» delphia plan. - . creased from 50c. a share to $1.30 a Phila¬ the Dec. 26. Badger Paper Mills, Inc.—Dividend 980,000 North Western Refrigerator Line Co.—Offering of $780,000 3H % equipment trust certificates, series K, was made Dec. 20 by Freeman & Co., New York, at prices to yield from 2% to 4%, according to maturity. The issue has been over¬ certificates 3, 1938. quarterly Badger Paint & Hardware Stores, Inc.—Extra dividend of 50c. a share and a quarterly of like amount on the common stock, both were payable oversubscribed. The • share and a regular a share on capital stock, both were payable Jan. a Axelson Mfg. Co.—Extra dividend of 25c. a share and a regular of 15c. a share on the common stock, both payable Jan. 15. 1,150,000 Manufacturers Trading Corp.—A new issue of $1,150,000 convertible preferred stock was offered Dec. 6 by Distributors Syndicate, Inc.; New York and Syracuse, at $11.50 a share, subscribed. a share and a regular quarterly paid Dec. 20 on the common stock. Atlas Press Co.—Extra dividend of 10c. Business Machines Corp.—Owing to rapid expansion of its business, corporation has sold to a large in¬ stitutional investor $5,000,000 10-year 3H% sinking fund debentures, Thomas J. Watson, President, announced Dec. 29. The cash provided by the sale of these debentures will be added to the corporation's working capital for the construction 5,000,000 International Brothers Tobacco Co.—Extra dividend of 25c. Dec. 24, last, on the $25 par, common a share was paid stock. Herald-Traveler Corp.—Special Boston dividend of 25c. a share and a ividend Quarterly of paid on share 24 and the regular quarterly payment becomes 50c. a Dec. on the no-par common stock. The special distributed. was Aetna Life Insurance Co.—Extra dividend of 25 c. a share and a quarterly of 25c. a share on the capital stock, par $10, both payable Jan. 1. Pre¬ viously regular quarterly dividends of 20c. a share were distributed. Agfa Ansco Corp.—Initial dividend of 50c. on a share was paid Dec. 20, last the common stock. Inc.—Extra dividend of 25c.-a share and a regular quarterly of 25c. a share on the no par common stock, both payable Jan. 15. stock 'L.; Salmon Co.—Dividend paid Dec. 27, last, was Insurance quarterly of $4 a on the of 50c. no-par common share in a Albany & Susquehanna RR.—Special dividend of $1.50 $100 par, common stock, payable Jan. 8. Allied Chemical & Dye Corp.—Special on the common stock on Dec. 22. 5% preferred Trust—Extra dividend of 1,9c. a share and a share on the common stock, both payable Dec. 24. stock. Corp., Inc.—Dividend of 50c. a share was paid Dec. 21 on the capital stock. An initial dividend of 30c. was paid on Dec. 30. 1936. Breeze a share on the Co., Ltd.—Extra dividend of $4 a share and a regular share were paid Dec. 15 on the $100 par common stock. (C.) Brewer & monthlyof $1 dividend of $1.50 a share was paid a (E. J.) Brach & Sons—Special dividend of 30c. a share, an extra of 20c. a share, and a regular quarterly of 30c. a share were paid Dec. 24 on the stock. common Co.—Special dividend of $5 a share and a regular share on the capital stock, both payable Jan. 3. Boston Personal Property quarterly of 16c. Air Reduction Co., AlaskaPacific due on Jan. 3. Boston Brewster a Aeronautical paid Dec. 22 on Corp.—An initial dividend of 5c. a share wag the common stock. Allied Products Corp.—Dividend of $1 a share on the $10 par common stock and a regular quarterly of 43 He. a share on the class*'A" $25 par, common stock, both were payable on Dec. 24. Bridgeport Machine Co.—Cash dividend of 25c. a share and a stock dividend of $1 a share, payable in 7% cumulative preferred stock, par $100, were paid Dec. 30 last on the common stock. J, • American Arch Co.—Dividend of 75c. a share was paid Dec. 21 on the no par, capital stock. A like amount was paid on Dec. 1 and Sept. 1, last. Brink's, Inc.—Extra dividend of $1.25 American Asphalt Roof Corp.—Extra dividend of $2 per share in adition to the regular quarterly dividend of $1.50 per share on the 6% preferred stock, par $100; both were paid share in addition to dividend of $2 per share on the common stock was a A special dividend of $13 per Dec. 28. also paid on Dec. 28, last. on Dec. 24. - ^ American Colortype Co.—Dividend of $5 a share was paid Dec. 24 on the 5% preferred stock. This was the first payment made on the 5% stock which was given in exchange for the old 7% preferred issue. were paid Bucyrus Monighan Dec. 20 V American Brake Shoe & Foundry Co.—Dividend on the no par value common stock increased from 75c. a share to $1.40 a share, and become payable like amount on a share and a regular quarterly the common stock on Dec. 28, last. of . Buckeye Steel Castings Co.—Extra dividend of 25c. a share on the nopar common stock was paid Dec. 23 last. Buffalo on Co.—Extra the class A stock. Insurance quarterly of $3 a Co.—Extra of $1.25 dividend a share was paid . of $2 dividend a share and a regular share were paid Dec. 30 on the capital stock. Building Products, Ltd.—Extra dividend of 50c. a share and a quarterly of like amount on the class A and class B stocks of no par value, all payable Jan. 3, 1938. " V . Butler Mfg. Co.—Dividend of 50c. a share was paid Dec. 23, last, on the common stock. This was the first payment made on the common shares ' American Dredging Co.—Dividend of $2 a share was paid Dec. 28 on the common stock. This compares with $1 a share paid on June 28, last, r American a Equities Co.—Dividend the capital stock increased from 10c. share and became payable on Dec. 15. share to 50c. a on American Express Co.—Extra dividend of $2 a share and a regular quarterly of $1.50 a share on the common stock, both payable Jan. 3. • American Gas Electric Co.—Extra dividend of 35c. & a share American Hardware Corp.—Extra dividend of 25c. a share and a regular quarterly of similar amount on the $25 par, capital stock, both were on American Metal Co., Ltd.—Dividend on the common stock increased from 50c. a share to $1.75 a share and became payable on Dec. 24, last. American Paper Goods Co.—Extra of 75c. a sh^re on the commop stock, par $25, payable Dec. 15. ' "N. Republics Corp.—Dividend on the $10 par, common stock, increased from 10c. a share to 30c. a share ana payment was made on dividend American Dec. 27. • American Screw Co.—Extra dividend of $2 a share and a regular quarterly of 20c. a share were paid Dec. 21 on the common stock. American Thermos Bottle Co.—Special dividend of 50c. a share on the no par value, common stock was paid on Dec. 24, last. Amoskeag Co.—Special dividend of $2 a share on the common stock was paid on Dec. 27,1937. The regular common dividend was increased from $1.50 a share to $2 a share and becomes payable, $1 oh Jan. 4, 1938 and $1 on July 5, 1938. (D.) the Appleton-Century Co., common Inc.—Special dividend of $2 a share on stock payable Jan. 3, 1938. Arkansas Natural Gas Corp.—Dividend of COc. a share was paid on the preferred stock on Dec. 24. This was the first payment made on the istributed. Sref. shares since April, 1932, when a dividend of 15c. a share was . Arrow-Hart & Hegeman Electric Co.—Year-end dividend of share was paid Dec. 20, last on the $10 par, common stock. Associated share ' Byron Jackson Co.—Special dividend of 50c. a share was paid Dec. 21 on $1.25 a Brewing Co. of Canada, Ltd.—Extra dividend of 25c. a and a regular quarterly of 20c. a share were paid Dec. 31 last on the common stock. the common stock. N Cambridge Investment Corp.—Extra dividend of 65c. a share was paid Dec. 23, last, on the class A and class B shares. Canada Foundries & Forgings, Ltd.—Resumed dividend on A stock by declaration of $1 a share, payable on Jan. 5, 1938. dend of 37Hc. a share was paid on July 15, 1931. Canadian Bronze the class A divi¬ Co., Ltd.—Extra dividend of 15c. a share and a regular quarterly of 37 He. a share were declared on the no par common Dec. 23. American 1. G. Chemical Corp.—Additional dividends of $2 a share on the no par common "A" stock and 20c. a share on the $1 par, common B stock were paid on Dec. 28, last. Dec. 22 paid on Dec. 28. 1936. and a reqular quarterly of like amount, both became payable on the common , stock on Dec. 24. American Hard Rubber Co.—Dividend on the common stock increased from $1 a share to $2 a share and became payable on Dec. 22, last. paid in several years. Butte Copper & Zinc Co.—Dividend of 10c. a share was paid on the common stock. This compares with five cents a share stock, both payable Feb. 1. Industries, Ltd.—Year-end dividend of $2.75 a share on the class A and class B stocks, both were payable Dec. 28, last, and compare with $1.75 a share paid on Oct. 30, last. Cannon Shoe Co.—Extra dividend of 25c. a share and a regular dividend of 5c. a share were paid Jan. 1 on the common stock. Canton Co. of Baltimore—Dividend of $8 a share was paid Dec. 10 on the no par common stock. One of $7 a share was distributed on Nov. 2, Canadian " 1936. Carnation Co.—Extra dividend of 50c. a share was paid on the common stock on Dec. 22 and a regular semi-annual dividend of like amount was be distributed on Jan. 3, 1938. Carriers & General Corp.—Year-end Dec. 23 on the common stock. dividend of 20c. a share was,pald Fire Insurance Co. of Baltimore—-Dividend on the capital stock of $10 par was increased from 25c. a share to 50c. a share and become payable on Dec. 28, last. ; ; Central •' Central Violeta Sugar Co.. S. A.—Initial paid Dec. 28 on the capital stock. dividend of 50c. a share was , ; Century Shares Trust—Special dividend of 12c. a share was 24, last, on the participating Shares. ; Chain Belt Co.—Dividend on the new common stock a share to 30c. a share and was paid on Dec. 27. paid Dec. increased from 25c. Trust—Extra dividend of 20c. a share and a regular quarterly of 25c. a share, both on the common stock. The extra was paid on Dec. 27 and the regular quarterly distribution will be made on Jan. 15, next. Chain Store Investors , Chicago Dock & Canal Co.—Extra dividend of $2 a share and a regular quarterly of $1 a share were paid on the common stock on Dec. 1. Jan., 1938] MONTHLY EEVIEW Chicago Railway Equipment Co.—Dividend of S3.06H a share was paid Dec. 18, last, on the 7% cumulative preferred stock. This payment 13 General Box Co.—Extra dividend of 5c. $1 par, capital stock. cleared up all accruals on the preferred shares. A distribution of $1 a share was also made on Dec. 18 on the common stock, being the first General quarterly of 25c. since December, 1930. share a the on share to $2.50 a share and became a common stock increased from payable $2 Dec. 20, last. on , Churngold Corp.—Dividend on the capital stock increased from share to 15c. a share and become payable on Dec. 24, last. Cinecolor, Inc.—Initial dividend of 2He. on the common stock. a share was paid Dec. 10c. a . City Auto Stamping Co.—Extra dividend of 30c. a quarterly of 15c. a share were paid Dec. 20, on the (D. L.) Clark Co.—Dividend on the no par from 10c. a share to 40c. a share and share and regular stock. a no par common value, common stock increased paid on Dec. 22, last. was Cleveland Graphite Bronze Co.—Year-end dividend of $1.30 a share was paid Dec. 29 on the $1 par common stock. This compares with 50c. paid on Sept. 30, last. Climax Molybdenum Co.—Year-end dividend regular quarterly of 30c. a share were of 50c. share a paid Dec. 23, last, on stock. common and a the no par Cohn & Rosenberger—Dividend of 70c. a share was paid on the stock on Dec. 28, last. An initial dividend of 30c. a share tributed on Dec. 23, 1936. Coleman Lamp & Stove Co.—Final dividend of $1.75 Dec. 28 the on no a share common dis¬ was was paid on Oct. 15, last. Commonwealth Investment Co.—Extra dividend paid Dec. 23 on the $1 par common stock. of 5c. Dec. 27 the on common stock. one common the common shares. on Consolidated Car a share share a share share was of new was paid were paid Dec. 24 series stock held, was paid Heating Co.—Special dividend of $2 regular quarterly of $1.50 share and a the on a common stock. Consolidated Cigar Corp.—Dividend of 75c. a share op the common stock, payable Jan. 14. This will be the first dividend paid on the common shares since April 1, 1932, when a similar amount was distributed. Consolidated was Coppermines Corp.—-Initial dividend of 12Hc. paid Dec. 24 on the common a share stock. Consolidated Film Industries Co.—Dividend of 50c. a share was paid Dec. 27 on the preferred stock. This was the first payment on this issue f since Dec. 26, 1936, at which time $1 a share was distributed. Consolidated was " Royalties, Inc.—Dividend increased from 4c. a share to 6c. Dec. 20. the $1 on share and a common stock became payable on par, * . Continental Steel Corp.—Extra dividend of 50c. a share was paid Dec. 22, on the no par common stock. Copperweld Steel Co.—Year-end dividend common stock 10c. a Crum & on share of $1 a share on the paid in certificates of indebtedness on Dec. 22. was Coty, Inc.—Dividend resumed on of 75c. f no a share paid Dec. 24 was stock common a amount or the same date. I nc.—Extra dividend of $1.25 on a Dec. 21. "increased from 25c. a share to 50c. a per the no par, common stock share and became payable Dec. 21. on Deisel-Wemmer-Gilbert Corp.—Final dividend of $1 Dec. 24 on a a for the year 1937. share to 75c. on the paid share will be paid on Jan. 15, Dixie Home Stores—Extra dividend of 15c. a share and amount were paid Dec. 20. on the common stock. Early & Daniel Co.—Dividend a quarterly of like stock increased from 50c. common share, payable Jan. 10. a Eastern Theatres, Ltd.—Dividend of 50c. a share was paid Dec. 22, on the common stock and was the first payment to be made on this issue since Dec. 1. 1933, when 25c. a share was distributed. ® Eaton Manufacturing Co.—Special dividend of 25c. Dec. 26 on the no par, common stock. (Thomas A.) Edison, Inc.—Extra dividend quarterly of 25c. share a were paid on the a share of $6 a share and common was paid stock on stock. Electric Power Associates, Inc.—Dividend on the class A and common stock, no par value, increased from 15c. a share to 22c. a share and became payable on Dec. 23. Electric Vacuum Cleaner Co., Inc.—Dividend of $1.50 a share on the ; common .stock was paid Dec. 30, last and compares with previous dividends of $1 a share. Electrographic Corp.—Extra dividend of 85c. stock common 25c. 1 a share a share on the par paid on Dec. 24. The regular quarterly dividend of paid on Decj 1, last. Fanny Farmer Candy Shops, Inc.—Extra dividend of 50c. a share and a reqular quarterly of 25c. a share were paid Dec. 23, last, on the $1 par, Hk common Federal stock. Light detraction Co.—Dividend of $1 last on the common stock. a share paid Dec. 27, was This marks the resumption of dividends on the common shares. a dividend of on the common was paid Dec. 30 stock. Florence Stove Co.—Dividend a share a share to $1.75 a share,by a on the common stock increased from 50c. distribution on Dec. 24, last. Ford Hotels Co., Inc.—Dividend of $1 a share no par, capital stock. This compares with 50c. 1935. paid Dec. 1 on the share paid on Oct. 15, was a Foreign Bond Associates, Inc.—Extra dividend of 10c. regular quarterly of 25c. a share were paid Dec. 21, last a on share and a the common stock. Investors, Inc.-r-Dividend of 50c. a share was paid Dec. 21 the $2 par, capital stock. A dividend of 25c. a share was paid in each of the three preceding quarters. on Fyr Fyter Co.—Extra dividend of 25c. of like amount of no par Garlock were declared on a share and a regular quarterly the common class A preference stock value, both payable Jan. 15. Packing Co.—Special dividend of $2 share payable in 10year 4H% convertible notes and a cash dividend of 75c. a share, both on the common stock and both were payable Dec. 24. a Gemmer Mfg. Co.—Dividend of 75c. a share on the class B stock was paid on Dec. 24. This was %e first dividend on these shares since July 1, 1931, when 15c. General Baking a share was distributed. Co.—Extra and regular quarterly each was paid Dec. 22 on the $5 par, common stock dividends This was of 40c. a share was paid Dec. 24, the first dividend paid on this issue share a Advertising Co., Inc.—Dividend of $1.50 of 15c. paid was share a on was paid on Dec. 24. May 15, 1931, when a was share a was General Water Gas & Electric Co.—Extra dividend of 5c. and regular quarterly of 10c. a share were paid Dec. 27 on the $1 stock. Glen Alden Coal Co.—Interim dividend of 25c. a share was paid Dec. 28 on the no par value, common stock. This compares with 12 He. a share paid on Oct. 20, last. Globe Steel Tubes Co.—Dividend resumed payment of 50c. a share on Dec. 27. Mfg. Co.—Dividend from 50c. share to 75c. a a the common stock on dividend of 50c. stock. Great Lakes Engineering Works—Extra dividend of $1.40 paid Dec. 23 on the $10 par, common stock.. paid Dec. 23 on the a share was a share common Great Lakes Steamship Co., Inc.—Special dividend of $1.50 quarterly dividend of 75c. a share on the common the usual par value. Both by the the $50 par, common stock increased share and became payable on Dec. 21. on Goodyear Tire & Rubber Co.—Additional were paid on was share and stock of no a Dec. 24, last. . Griesedieck Western Brewing Co.—Dividend of $1.50 a share was paid Dec. 20 on the no par value capital stock. A cash dividend of 25c. was paid Dec. 22, 1936. on Hale Brothers Stores, Inc.—Year-end dividend of 80c. stock, became payable on Dec. 21, last. common (M. A.) Hanna Co.—Extra dividend terly of 25c. a share were paid on the Cooley Co.—Dividend of $6.25 value, no par share share a of 35c. a share and Dec. 24. Hart & a the on regular quar¬ common stodr on the $25 par common This compares with $3 a share distributed stock paid on Dec. 20, last. on October 1. a on Hawaiian Electric Co., Ltd.—Extra dividend of $1 a share and a regular monthly dividend of 15c. a share on the $20 par common stock. The above distributions were made on Dec. 20, last. (Walter E.) Heller Co,—Extra dividend a shardon the common of 15c. a share and a regular stock, both were payable Dec. 27. Heyden Chemical Corp.—Extra dividend of 50c. a share paid Dec. 22. was the $10 par, common stock. Hibbard, Spencer, Bartlett & Co.—Extra dividend on the of 50c. a share was $25 par, common stock. Hobart Mfg. Co.—Extra dividend of 50c. stock, on Dec. 23. share a paid was the class A on Hollinger Consolidated Gold Mines, Ltd.—Extra dividend of 10c. a share and a regular monthly dividend of 5c. a share were paid Dec. 31 on the capital stock. Holyoke Water Power Co.—Extra dividend of 50c. mon stock, payable Jan. 3. share a Houston Natural Gas Corp.—Year-end dividend of 50c. share paid on share a Hubbell, Inc.—Extra of 50c. dividend of 30c. a com¬ on Sept. 30, last. Howe Sound Co.—Extra dividend of 75c. a share and regular of like amount were paid on the $5 par common stock on Dec. (Harvey) the on the A quarterly of 25c. a stock became payable on Dec. 22, last. was share were quarterly 21. share and a regular quarterly paid Dec. 23 on the common stock. a Ideal Cement Co.—Extra dividend of 50c. a share and a regular quarterly dividend of 50c. a share were paid on the new common (par $10) on Dec. 22, last. Illuminating & Power share the Securities Corp.—Extra dividend the $50 par common stock was on Inland paid Investors, Inc.—Dividend of 80c. par common stock. no a of $2.40 a Dec. 21. on share paid Dec. 24 was A distribution of 20c. a share was paid on on Intercolonial Coal Co., Ltd.—Extra dividend of $2 a share and a regular semi-annual dividend of $3 a share on the $100 par common stock, both payable Jan. 3. • . Inter-Island share was Interlake on the Steam Navigation Co., Ltd.—Final dividend paid Dec. 15 of 90c. a a share was paid Dec. This compares with $1.50 a share paid on Oct. 20 on the $18 par capital stock. Steamship Co.—Dividend of $2.50 stock. common last. "■ International Button-Hole 10c. a share and on a Sewing Machine Co.-^-Extra dividend regular quarterly dividend of 30c. 1, 7 ;• a share were the $10 par common stock. of paid Interstate Hosiery Mills, Inc.—Dividend on the no par common stock increased from 62 He. a share to 75c. a share and become payable on Dec. 24. Investors Fund C, Inc.—Dividend of 18c. a share was paid Dec. 20 on On Oct. 15, last, one of 12c. a share was, dis¬ the company's shares. tributed. Iron Fireman the no Mfg. Co.—Extra dividend of 30c. par common on no a share stock. par common stock. was paid Dec. 27 , Ironrite Ironer Co.—Final dividend of 25c. a share was An initial dividend of 10c. paid Dec. 20 was on distributed Nov. 1, last. Irving Air Chute Co.—Extra dividend of 15c. a share and a regular of 25c. a share weije paid Dec. 24 on the $1 par common stock. (W. B.; Jarvis Co.—Extra dividend of $1.12H a share was paid Dec. 23 on the $1 par capital stock. Johns-Manville Corp.—Extra dividend of $1 a share and a regular quar¬ terly of 75c. a share on the no par common stock, both were payable Dec. 24, last. (Mead) Johnson & Co.—Extra dividend of $1.75 quarterly of 75c. a share were paid Dec. 28 Kemper-Thomas Co.—Company paid common Fundamental stock. regular quarterly or $1 a share was disbursed. General Theatres Equipment Corp.—Final dividend of 25c. paid Dec. 23 on the capital stock. the First Investment Counsel Corp.—Extra dividend of $1.50 a share and a regular quarterly of 90c. a share were paid Dec. 20 on the common stock. (M. H.) Fishman Co.—Extra dividend of 15c. par capital stock paid on Dec. 23, last. on the common stock increased share and became payable Dec. 24. a of accumulations on the class A stock the first payment on this issue since account on Filtrol Co. of Calif.—Extra dividend of 10c. a share and 30c. a share were paid Dec. 27, on the common stock. ^ $20 was General Metals Corp., Ltd.—Special dividend of 50c. Dec. 24 on the $2.50 new capital stock. General Outdoor Dec. 24 no was was the on share and Sept 30, June 30 and March 31, last. regular Dec. 14, last. a Electric Controller & Mfg. Co.—Special dividend of $4 a share and a quarterly dividend of $1 a share were paid Dec. 20 on the no par common . share to 75c. a last on the common since 1930. common was the $10 par common stock. Detroit Edison Co.—Final dividend of $2 a share a Machinery Corp.—Dividend paid Dec. 28 share was paid Dec. 20 regular quarterly of like share was paid on the common stock, no par value, on Dec. 31 last. Stockholders had the option of receiving cash or common stock at the rate of 1-20 of a share of common stock for each share held. Davenport Hosiery Mills, Inc.—Dividend Co.—Dividend share to 60c. a Fireproofing Co.—Dividend from 30c. on common stock in addition to a par, Cuneo Press, par Corp.—Special dividend of 95c. Crystal Tissue Co.—Extra dividend of 12He. the General General quarterly of 10c. Forster, Inc.—Special dividend the $10 par, common stock. Crum & Forster Insurance Shares share was paid on the class A and B on no the common stock by the payment of Dec. 24, last. on Development > • Amusement, Inc.—Dividend of 5% preferred stock for each share of $10 par Dec. 13 General Goodman Consolidated Aircraft Corp.—Initial dividend of 50c. Consolidated a a regular $2.50 non- par common paid This compares with 25c. a share par common stock. and the on General Fire Extinguisher Co.—Dividend on the no par value common stock increased from 30c. a share to $1 a share and was paid on Dec. 23. This Coca-Cola Bottling Corp. (Del.)—Extra dividend of $1.25 a share and a regular quarterly of 62He. a share on the class A and class B common stocks of no par value, all were payable on Dec. 24.. share a General Capital Corp.—Dividend on the capital stock increased from 40c. a share to 45c. a share and was paid on Dec. 24, last. increased from 25c. 10, last, paid Dec. 24 on the was paid Dec. 20, last, were cumulative class A stock. Chicago Towel Co.—Dividend share a Candy Corp.—Extra dividend of 50c. a on the a share and no a regular par common dividend of 60c. stock, share on its stock on Dec. 22, and was the first distribution on these shares a in several years. Keystone Watch Case Corp.—Extra dividend of $2.50 a share and a regular dividend of $1 a share were paid Dec. 20 on the $16 2-3 par common stock. (G. R.; Kinney Co., Inc.—Initial dividend of $1.50 $5 prior preferred stock paid Dec. 27 last. Kinsel Drug Co.—Special dividend of 5c common stock. a share was a share on the new paid Dec 24 on the . Kirby Lumber Co.—Initial dividend of $2 a share was paid Dec 23 on the common stock. Kyspr Heater Co.—Extra dividend of 50c a share and a regular quarterly of 15c a share on the common stock, both were payable Dec. 20. Laclede-Christy Clay Products Co.—Special dividend of 25c. a share was paid Dec 28 on the no par common stock. MONTHLY 14 Laclede Steel Co.—Dividend of $1.25 a share was paid Dec. 27 on the This compares with 25c. a >ar common stock. pa $20 share paid on.Sept. 30, new .50 a share was paid Dec. 23, last, on the stock. common (R; G.) Le Tourneau, Inc.—Extra dividend of $1.50 a share was Dec. 22 . paid on Jan. 15. the 6 H % preferred stock of $100 share to $2.25 a share and became payable Lexington Utilities Co.r—Dividend par, increased from $2.12 H a on Dec. 15. on Liberty Loan Corp.—Extra dividends of 5c. a share and a regular divi¬ dend of 30c. a share were paid Dec. 30, last. • Lock Joint Pipe Co.—Extra dividend of $2 a share was last, on the common stock. Lone paid Dec. 27, Corp.—Year-end dividend of 75c. a share and a Dec. 23 on the no Cement Star " regular quarterly dividend of 75c. a share were paid par common stock. McCoskey Register Co.—Dividend of $10.25 a share was paid Dec. 27 on account of accumulations on the 7% cumulative first preferred stock, par $100. This payment clears up all back dividends on the first pre¬ ferred stock. McCrory Stores Corp.—Dividend of 50c a share was paid on the $1 par, common stock on Dec. 20. This was the first dividend distributed on these shares since 1931. McKay Machine Co.—Extra dividend of 75c a share and a quarterly of 25c. a share were paid Dec. 24 on the common stock. Mack Trucks, Inc.—Year-end dividend and a regular quarterly, 25c. a share, were paid Dec. 24 on the no par, common stock. both of MacMillan Petroleum Corp.—Dividend on the common stock increased from 35c. a share to $1 a share and became payable on Dec. 27, last. Mahoning Coal RR.—Dividend of $15 a share was paid on the $50 par, common stock on Dec. 29. This compares with one of $7.50 a share ; distributed on Oct. 1, last. Merchants Refrigerating Co.—Dividend of $1 a share was paid Dec. 15 on the common stock and represented the first dividend paid on these shares since Sept. 29, a share and an additional one of 75c. & Scott Co.—Dividend of $6.50 a share Dec. 24, last on the 6H % cumulative preferred class A the first dividend paid on the above issue since Dec. a regular quarterly of $1.62H & share was was paid stock. This was 1, 1931, when a distributed. Miami Copper Co.—Dividend of 15c. a share was paid Dec. 23 on the stock. The last previous payment of 37He. a share was made Aug. 15, 1930. common on Midwest Piping & Supply Co., Inc.—Extra dividend the common stock was paid on Dec. 22, last. of 15c. a share on • Dec. 22. on - last. Montana-Dakota Utilities Co.—Initial dividend of 10c. a share was paid Dec. 23 on the common stock. Moore Corp., Ltd.—Extra dividend of 40c. a share and a.regular quarterly t of like amount on the no par common stock, both payable Jan. 3. Motor Products Corp.—Dividend of $1.50 a share on the no par common stock was paid Dec. 24 and compares with $1 a share distributed on Nov. 20. Mountain City Copper Co.—Dividend of 25c. a share was paid Dec. 23 on the common stock and compares with an initial dividend of 21c. a share distributed on Dec. 24, 1936. - (G. C.) Murphy Co.—Extra dividend of 25c. a share was paid Dec. 27, last on the no par common stock. - National Bronze & Aluminum Foundry Co.—Final dividend of $1.50 a share was paid Dec. 24 on the common stock. National Investors Corp.—Dividend of 17c. a share was paid Dec. 23 on the capital stock. An initial payment of 5c. a share was made on July 29, last. Novarro Oil Co.—Extra dividend of 10c. a share and a regular quarterly of 10c. a share on the common stock, both payable on Jan. 3. New Orleans Cold Storage & Warehouse Co., Ltd.—-Dividend of $4 a share was paid Dec. 20, last, on the $100 par, common stock. This compared with $1.50 a share paid on Sept. 20 and June 21 last. New Process Co.—Dividend of $1.50 par a share was paid Dec. 23 on the no stock. A regular quarterly dividend of 50c. a share was Nov. 1, last. common paid on New York & Honduras Rosario Mining Co.—Dividend of $1.65 a share was paid Dec. 24 on the $10 par, capital stock. a share was paid on Sept. 30, last. An interim dividend of $1.15 from 25c. a share to 60c. a on Noblitt-Sparks Industries, Inc.—Extra dividend of 50c. a share and a regular quarterly of 75c. a share were paid Dec. 23 on the no par, common stock. was paid Dec. 23 and compares with 30c. a share paid on the no par, common stock Oct. 1, last. ht wtsft us Northern Illinois Finance Corp.—Special dividend of 20c. a share was paid Dec. 20 the no par common stock. on Northern Utilities Co.—Initial dividend of $6 a share was paid on the 7% non-cumulative preferred stock, par $100, on Dec. 10. common stock on Dec. 10 last. Ohio Forge & Machine Corp.—Dividend of $3 a share was paid Dec. 15 on the common stock. An initial payment of 50c. a share was made on Dec. 21,1936. -r'/v-i 'V ■ . Ohio Wax Paper Co.—Extra dividend of $3.25 a share and a regular quarterly of 25c. a share were paid Dec. 17 on the no par common stock. Old • Colony Trust Associates—Extra dividend of 10c. a share and a quarterly dividend of 20c. a share were paid Dec. 24 and Jan. 15, respectively, on the company's stock. A dividend of 15c. a share was paid on Oct. 1. last, and each three months previously. Oshkosh B'Gosh, Inc.—Extra dividend of 35c. a share was paid Dec. 22 •j. on the no par common stock. Packer Corp.—Special dividend of 60c. a share was paid Dec. 22 on the no par common stock. Pacific Commercial Co., Inc.—Dividend on the common stock increased from $1 a share tto $3 a share, payable Dec. 15. This compares with $1 a share paid on June 30, last. Page Hershey Tubes, Ltd.—Extra dividend of 25c. quarterly of $1 a share were paid Jan. 1, 1938, on a share and a regular the common stock. American Foreign Corp.—Special dividend of $17.75 paid Dec. 24 on the common stock. Parke, Davis & Co.—Dividend from 40c. a share to 50c. Patino Mines $2 a share on the no par common share was stock increased share, payable Jan. 3. & Enterprises Providence Washington Insurance Co.-—Special share and a regular quarterly of 25c. a share were $10 par capital stock. share was dividend of 40c. a paid Dec. 24, on the Pyrene Mfg. Co.—Dividend on the $10 par common stock increased 20c. a share to 30c. a share and become payable on Dec. 23. from 35c. a share was paid Dec. 28, on the ; v V' Reinsurance Corp. of New York—Dividend on the $2 par capital stock increased from 15c. a share to'35c. a share and was paid Dec. 27. Reed Drug Co.—Initial dividend of common stock. ■,'// Stores Corp.—Extra dividend of 25c. a share and a regular quarterly of like amount were paid Dec. 20 on the common stock. Reliable Remington Arms Co.—Dividend of 18c. a share was paid Dec. 23 on the common stock. This compares with an initial dividend of 13c. a share paid on Dec. 23, 1936. dividend of 20c. a share was paid Dec. 20 \vY-;:y;''Y;Y increased from share and become payable on Dec. 14, last. Rhinelander Paper Co.—Initial on the new common stock. Richardson Co.—Dividend on the no par common stock 40c. a share to $1 a (H. W.) Rickel & Co.—Extra dividend of 7c. a share and a regular semi¬ annual dividend of Sc. a share on the $2 par common stock, both payable Jan. 15. Richfield Oil Corp.—Initial dividend of on the common stock. 25c. a share was paid Dec. 24 (H. H.) Roberston Co.—Extra dividend of 50c. a the common stock. Y ; share was paid Dec. 22 • - Corp.—Dividend of 35c. a share on the no par capital payable Jan. 15. This compares with 10c; paid on June 24, last, Rochester Capital and 35c. on Jan. 11, 1937. Rose's 5, 10 & 25 Cent Stores, Inc.—Additional a share was paid Dec. 22, last, on the common extra of 50c. a share was paid on Dec. 1, last. Russell Motor Car Co., extra dividend of 20c.J stock of $1 par. An » Ltd.—Extra dividend of $1 a share and a regular the no par common stock. quarterly of $1.25 a share were paid Dec. 31 on St. Helen's Pulp Sc Paper Co.—Special Dec. 1 on the $10 par common stock. dividend of 40c. a share was paid Stock Yards Co.—Dividend on the no par common stock increased from 12 He. a share to 37 He. a share and was paid Dec. 29. Paul Union Samson United Corp.—Initial dividend of 12 He. a share was paid Dec. 28 the common stock. San Carlos Milling Co., Ltd.—Dividend on the $10 par, common stock 70c. a share and was paid on Dec. 15. increased from 20c. a share to Savannah Sugar Refining Corp.—A dividend of 50 cents a share was paid on the capital stock, par $1. • Two-thirds of this dividend repre¬ sented payments for November and December and one-third or 16 2-3 cents and extra dividend. A regul&r quarterly dividend of 50 cents a share was paid on Nov. 1, last. Seaboard Commercial Corp.—Extra dividend of 50c. a share and a regular 27 on the $10 par common stock. quarterly of 20c. a share were paid Dec. Seaboard Surety Co.—Special dividend on the $10 par, common stock. of 20c. a share was paid Dec. 30 Seagrave Corp.—Dividend of 15c. a share was paid Dec. 22 on the com¬ mon stock. This was the first payment made since Oct. 15. 1931 ,when 10c. a share was distributed. Sears, Roebuck & Co.—Extra dividend of $2.50 a share on the no par. common stock, payable Jan. 20. The dividend is to be paid out or surplus earnings. Shaler Co.—Dividend on the class B stock increased from 15c. a share to 45c. a share and was paid on Dec. 24, last. and a quarterly of stock, both payable Jan. 3. Shasta Water Co.—Extra dividend of 25c. a share 50c. a share on the no par common Shattuck Denn Dec. 24 on Mining Co.—Initial dividend of 25c. a share was paid the capital stock. - Shawinigan Water & Power Co.—Extra dividend of 5c. a share and the usual quarterly dividend of 20c. a share on the common stock, both payable Feb. 15. Shawmut Association—Special dividend of 22c. a share on the com¬ pany's stock was paid on Dec. 22 and another of 10c. a share became due on Jan. 3, 1938. Signal Oil'fe Gas Co.—Extra dividends of 25c. a share were paid on the Dec. 15, last. The regular quarterly divi¬ payable on the same date. dends of 50c. a share were likewise Smyth Manufacturing Co.—Year-end dividend of $2 a share was paid Dec. 24 South on Bend the $25 par, common Lathe stock. -: •~ . Works—Extra dividend of 25c. a share was paid Southern California Edison Co., Ltd.—Extra dividend of 25c. a share regular quarterly of 37He. a share on the common stock, both payable Feb. 15. An extra dividend of 25c. a share was declared on the original stock, payable April 15. Southern Natural Gas Co.—Initial dividend of 25c. a share was paid Dec. 27 on the class B stock. and a a share was paid Dec. 21 on the This compares with a dividend of 50c. paid on Weaving Co.—Dividend of $1 par common stock. June 30, last. no • (E. R.) Squibb & Sons—Stock dividend of 1-100th of a share of $6 cum. 1st pref. stock for each share of common stock held. The dividend was paid on Dec. 27, last. . Standard Fire Insurance Co. of N. J.—Extra dividend of $1 a share was paid Dec. 21 on the $25 par, capital stock. Standard Oil Co. of Kansas—Dividend of $5 a share was paid Dec. 20 on the $10 par, capital stock. Standard Screw Co.—Dividend on the $20 par, common stock increased from 40c. a share to 80c. a share and was paid on Dec. 21, last. Standard Steel Spring Co.—Dividend of 75c. a share was paid Dec. 27 on the larger amount of common stock, now outstanding. An initial dividend of 50c. a share was paid on Nov. 26, last. States Oil Corp.—Dividend on the $5 par, common stock 10c. a share to 25c. a share and became payable on Dec. State Street Investment increased from 15. Corp.—Special dividend of $1.50 a share was (Frederick) Stearns & Co.—Dividend on the common stock increased from 35c. a share to 75c. a share and became payable on Dec. 27. Stecher-Traung Lithograph Co.—Extra dividend of 50c. a share and a quarterly dividend of 37 He. a share on the new common stock of $10 par, both were payable Dec. 31. Brothers Stores, Inc.—-Special dividend of 50c. paid Dec. 22 on the common stock. Sterchi a share was Sterling Aluminum Products, Inc.—Dividend on the $1 par, capital Consolidated, Inc.—Special dividend of paid Dec. 23 on the $10 par capital stock, being the first the $10 par ^hares. stock increased from 25c. a share to 45c. a share, and became payable Dec. 29. share was paid Dec. Stonega Coke & Coal Co.—Dividend of $1.25 a share was paid Dec. 14 on the common stock and was the first dividend to be paid this year on the above company's stock. * (J. C.) Penney Co.—Extra dividend of $1.50 a share and a quarterly of $1 a share were paid Dec. 23 on the no par common stock. Submarine Signal Co.—Diviaend on the $25 par common stock increased from 50c. a snare to $1.50 and became payable on Dec. 24. Peaslee-Gaulbert 27 . a a was to be paid on Co.—Initial dividend of 80c. a share on the new common stock, payable Jan. 1. Pitney Bowes Postage Meter Co.—Year-end dividend of 10c. a paid on the no par common stock on Dec. 28. paid Dec. 22 on the common stock. Pacific Greyhound Lines, Inc.—Dividend on the common stock increased from 50c. a share to 75c. a share and was paid on Dec. 27 last. Pan < paid the Piedmont Mfg. Southern Oahu Ry. & Land Co.—Special dividend of 80c. a share was paid on the b a Co., Inc.—Year-end dividend of 10c. a share was common stock. 1 Pick on increased from Dec. 21 on the common stock. North American Co.—Final dividend of 70c. a share on the no par common stock share, payable Jan. 25. on class A and class B shares on the $5 par capital stock increased share and became payable Dec. 28. New York Transit Co.—Dividend share to 25c. a Dec. 20 on Missouri Portland Cement Co.—Dividend of 75c. a share was paid Dec.20 on the common stock. This compares with 50c. a share paid on June 30, : 15c. (Albert) St. Minnesota Mining & Mfg. Co.—Dividend on the no par value common stock increased from 60c. a share to 75c. a share ana became payable / 1 stock paid Dec. 23, last on the common stock. were Exploration, Inc.—Extra dividend of 25c. a share and a quarterly of similar amount were paid Dec. 15 on the $25 par common Petroleum on 1934, when 25c. a share was distributed. Merck & Co., Inc.—Dividend of 25c. a share Merritt-Chapman the common stock and compares on share distributed on Dec. 23, 1936. a Philadelphia Co.—Dividend tEdgar P.) Lewie & Sons, Inc.—Extra dividend of 15 cents a share in addition to the regular dividend of 10 cents per share on the common stock, no par value. Half of this dividend of 12 He per share were paid on Dec. 28 to holders of record Dec. 24, and the balance will be ^sss^ Dec. 23 stock. paid the common stock. on a share was paid with an initial dividend of Penn Western Gas & Electric Co.—Dividend of 90c. 30c. hirm June 2ft and Mnrph 30, 1 net. Ji 30 anH March last. Lane Co.—Initial dividend of REVIEW on the Corp.—Extra dividend of 25c. common a stock. Jan., 1938] MONTHLY Superheater Co.—Special dividend of 75c. a share and quarterly dividend a of 25c. a share on the common stock. The special was paid on Dec. 24 and the quarterly becomes due on Jan. 15, 1938. Taylor-Wharton Iron & Steel Co.—Dividend Dec. 23 was on the no par capital stock. paid on Dec. 23, 1936. of 80c. a share was paid An initial dividend of 60c. a share Textile Banking Co.—Extra dividend of $1 a share and a regular quarterly of 50c. a share were paid Dec. 20 on the common stock. Thomson Electric Welding Co.—Dividend of $1.50 a share was paid Dec. 29 on the common stock. This compares with $3 paid on Dec. 1, last, and 50c. a share on Sept. 1, last. Timken-Detroit Axle Co.—Dividend on the common stock increased from 50c. a share to $1 a share and became payable on Dec. 24. Tintic Standard Mining Co.—Dividend oh the $1 par common stock increased from 15c. a share to 25c. a share and was payable Dec. 23. Tip Top Tailors, Ltd.—Extra dividend of 10c. a share and a regular quarterly dividend of 15c. a share on the no par common" stock, both payable Jan. 2. Title Insurance Corp. of St. Louis—Special dividend of 50c. a share and a dividend of 50c. a share on the $25 par common stock. Both distributions were made on Dec. 27, last. Tobacco & Allied Stocks, Inc.—Dividend on the common stock increased from $1 a share to $3 a share and became payable on Dec. 24. Towle Mfg. Co.—Dividend of $2 a share on the capital stock was paid Dec. 20, last. A regular quarterly of $1.50 a share was distributed on Oct. 15, 1937. Trans-Lux Corp.—Special dividend of 10c. the $1 par capital stock. share a was paid Dec. 24 Florsheim Shoe Co.—Quarterly dividend of 25c. Tung Sol Lamp Works, Inc.—Dividend of 40c. per share on the common stock, payable in three-year notes bearing interest at the rate of 4% per annum on Dec. 23. This will be the first common dividend paid since May 1,1932, when a dividend of 25 cents per share was distributed. Twin Coach Co.—Dividend of 40c. a share was paid Dec. 24 on the no par common stock and compares with 15c. paid on Nov. 15", last. Union Twist Drill Co.—Extra dividend of 75c. a share and a regular quarterly of 25c. a share were paid Dec. 24 on the $5 par common stock. a share on the no par, class A stock and 12 He. a share on the no par class B stock were on Jan. 2, 1938. Dividends at double the above amounts were paid paid Oct. 1, last. on (Robert) Gair Co., Inc.—Dividend ordinarily due at this time $3 cumulative preferred stock deferred. share was paid on Sept. 30, last. Galland Mercantile on the A regular quarterly of 75c. a Laundry Co.<—Dividend stock reduced from 75c. a share to Dec. 18, last. 50c. the on no a Granite City Steel Co.—Dividend of 25c. share by a a share common par distribution on paid Dec. 23 on was common stock. On Sept. 30, last, one of 37Hc. a share was distributed. Industrial Rayon Corp.—Dividend on the no par common stock reduced from 50c. a share to 25c. a share, payable Jan. 3, 1938. Inter type 30c. Corp.—Dividend share to 20c. a on the no par common stock decreased from share and became payable Dec. 27. a Lambert Co.—Dividend to 37Hc. Lehigh the common stock reduced from 50c. a share on share, payable Jan. 3. a Power Dec. 23 Securities its on no Corp.—Dividend of 10c. common stock. par, Sept. 1, June 1 and on on the payment of a dividend One of $1.50 a share was paid on the class A stock at this time. Oct. 1, last. due at this time omitted. Regular dividends of 25c. a share were dis¬ tributed on Sept. 30, last and each three months previously. on Tubize Chatillon Corp.—No action taken 15 Easy Washing Machine Corp.—No action taken on the payment of a dividend on the no-par class A and B shares ordinarily due at this time. Dividends of 25c. a share were paid Sept. 30 last, and each three months previously. Evans Products Co.—Dividend on the $5 par, common stock ordinarily ' . on REVIEW share a was paid This compares with 20c. paid March 1, last. on Medusa Portland Cement Co.—Dividend of 50c. a share was paid Dec. 24 on the common stock. This compares with $1 a share paid on July 1, last. Nachman Spring-Filled Corp.—-Directors deferred action on the pay¬ ment of a dividend at this time. A dividend of 37Hc. a share was paid Sept. 15, last. on . Universal Leaf Tobacco Co., Inc.—Extra dividend of $1.50 a share and a regular quarterly of 75c. a share were declared on the common stock. was paid on Dec. 28, last, and the regular becomes due on Feb. 1, 1938. United States Guarantee Co.—Special dividend of 40c. a share and a The extra regular quarterly of 30c. stock. a share were paid Dec. 24 on the $10 par capital New Haven Clock Co.—Dividend at this common stock. This was paid Dec. 24 was on Valley Mold & Iron Corp.—Dividend the on Nu stock. This compares with 15c. no par common share paid on Sept. 30, last. a of 25c. a share was paid Dec. 23 on stock. Walker MiningCo.—Dividend of 5c. a share was paid Dec. 23 on the com¬ mon stock. The last previous dividend amounted to 7Hc. a share and was paid on April 30, 1930. Walkerville Brewery. Ltd.—Initial quarterly dividend of 2 He. a share on the common stock, payable Jan. 15. Waltham Watch Co.—Initial dividend of $2 a share on the class B - com¬ mon stock was paid Dec. 27, last. iSothe common 8hares since the - Enamel This was the first disbursement made company was reorganized in Februrary, Washington Railway & Electric Co.—Extra regular quarterly dividend of $9 a share dividend of $14 a share and paid on Nov. 30, last, were the $100 par common stock. on Wayne Knitting Mills—Initial dividend last, of $1 a share was paid Dec. 24, on the common stock. Wellington Oil Co. of Del.—Special dividend of 5c. Dec. 29 on a a share was the common stock. share to 90c. a paid Co.—Dividend on on stock omitted. common a share were paid each quarter 30, 1936, to June 30, last, inclusive. Pond Creek dividend paid Pocahontas the on Co.—No stock common terly distributions of 50c. a omitted. was Oct. 1, last. the action ordinarily due on this stock from Sept. on taken In the past the on Jan. 1. payment of a Regular quar¬ share had been made since 1935. Portland Gas Light Co.—Dividend on the $6 cumulative preferred stock of no par value decreased from $1.50 a share to 75c. a share, payable Jan 15. Providence Gas Co.—Dividend on the no par common stock reduced from 20c. a share to 15c. a share and was paid on Dec. 28. Prudential Investing Corp.—Dividend on the $1 par, common stock reduced from 7He. a share to 6c. a share and paid on Dec. 28, last. was Railway & Light Securities Co.—Dividend on the no par value common stock decreased from 30c. a share to 20c. a share and were payable Dec.24, last. Reynolds Spring Co.—No action taken a dividend share were the company's $1 par on paid on at this time on the declaration of capital stock. Dividends of 25c. a Sept. 29, last. Rochester Button Co.—Dividend on the common stock decreased from 25c. a share to 10c. a share, payable Jan. 20. Scovill Mfg. Co.—Dividend on the $25 par, common stock reduced from 50c. a share to 25c. a share, payable Jan. 3. Sivyer Steel Casting Co—Dividend of 25c. share a was paid Dec. 26 on 10, the common stock and compares with 75c. a share distributed on Oct. last. (L. C.) Smith & Corona Typewriters, Inc.:—Dividend of 25c. paid Dec. 27 was of 50c. a share on the no par common was Southern Dairies, Inc.—Dividend class A stock decreased from on On Oct. 1 last stock. a a share payment made. Dec. 20, last. the $4 non-gjmulative preferred share to 70 c. a share and became •' on $1.15 a ' Standard Products Co.—No action taken on the payment of the dividend ordinarily due at this time on the $1 par, common stock. A dividend of 25c. a share was paid on Oct. 1, last and each three months previously. Stokeley Bros. & Co.—No action taken ordinarily due at this time on the a share was paid on Oct. 1, last. the payment of a dividend A quarterly of 25c., on common shares. Technicolor, Inc.—Dividend Western Electric Co., Inc.—Dividend from 75c. a snare was Can payable a Corp.—Dividend ordinarily due at this time One of 15c. Pacific stock increased common from $1 a share to $2 a snare and became payable on Dec. 24. Victoria Bondholders Corp.—Dividend of $11 a share was paid Dec. 23 on the common stock voting trust certificates. On July 30, last, one of $9 a share was paid. Victor Chemical Works—Dividend on the $5 par common stock increased from 25c. a share to 30c. a share and became payable on Dec. 22. Vlchek Tool Co.—Dividend of 50c. a share was paid Dec. 24 on the com the the payment of a dividend One or 75c. a share was paid North American Rayon Corp.—Dividend on the class A and B common stock reduced from 50c. a share to 25c. a share and became payable on Dec. 23. last a share was paid An initial distribution of 25c. was made Van Norman Machine Tool Co.—Dividend on the common stock in¬ creased from 40c. a share to $1 a share and became payable Dec. 20. ordinarily due share was paid a on the $1 par, common stock at this time. paid Oct. 26 in 5% 10-year notes. the United States Smelting, Refining & Mining Co.—Dividend of $3 a share was paid on the $50 par common stock on Dec. 22. A further dividend of $1 a share was also declared, payable Jan. 15. mon quarterly of 37Hc. on United States Plywood Corp.—Extra dividend of 55c. Vogt Mfg. Corp.—Year-end dividend the common stock on A regular dividends of 25c. share a the first payment in several years on this issue. Dec. 20 on the common stock. on Nov. 1, last. omitted. last. Newport Industries, Inc.—No action taken v U. S. Lumber Co.—Dividend of $1.50 time Oct. 4 on the no par capital stock increased share and became payable on Dec. 28. on stock on of 25c. a share was paid on the common This compares with 50c. a share distributed on Dec. 23, last. Sept. l.last. Western Pipe & Steel Co.—Extra dividend of 50c. a share and a regular quarterly dividend of 50c. a share on the common stock, par $10r both were payable on Dec. 30. United States Foil Co.—Dividends WJR, The Goodwill Station—Extra dividend Weeden & Co.—No action taken on the payment of a dividend on the no par common stock ordinarily due at this time. A regular quarterly of Dec. 20 on of 90c. share was the $5 par common stock. Woodward & Lathrop Co.—Extra dividend of 37Hc. quarterly of like amount were paid on the no par common a share and a paid regular on the common stock, par $10 on (Wm.) Wrigley Jr. Co.—Special dividend 27 a of 25c. a share was paid Dec. stock. 50c. West months previously. American Rolling Mill Co.—Directors took on common stock at this time. action no the declaration in January. One of 25c. Arlington Mills—Dividend of 50c. a share payable Jan. 15. Dividends of 75c. three preceding quarters. Bancamerica-Blair on the payment of a dividend on the a share was paid on Oct. 1,1937. on a on share the no were par common stock, A paid in each of of the at this time on the semi-annual dividend of 25c. wag " regular (F. N.) Burt & Co., Ltd.—Dividend on the common stock reduced from 50c. a share to 30c. a share, payable Jan. 3, 1938. Carpel Corp.—Dividend 75c. a Catalin share to 25c. on the no par value common stock reduced from share and became payable Dec. 28, last. Corp. of America—Dividend time was omitted. on a on the common shares due at this An initial special dividend of 40c. a share was paid Dec. 15, 1936. Celanese Corp. of America—No action taken on the common dividend at this time. A quarterly dividend of 75c. a share was paid on this issue on Oct. 1, last. Commodity Corp.—Dividend of 15c. common and stock. each three Payments of 25c. a a share share no was paid par, paid Dec. 27 on the made on Sept. 20, last were months previously. on common stock. An Oct. 31, 1936 and on a share was paid Dec. 28 on optional dividend of $2 a share was Nov. 30, 1935. Consolidated Equities, Inc.—Dividend on the common stock reduced from 40c. a share to 10c. a share, and become payable on Dec. 22. Davega Stores Corp.—Semi-annual dividend on the $5 par, common stock reduced from 50c. a share to 37He. a share, payable Jan. 3. „ dividend a on share on paid were Sept. 30, last. a a share share the common stock at this time. was The long on the common paid was on Oct. 1, the payment A regular quarterly on on Oct. 1. last. decline in stock prices arrested, in December. month well Thanksgiving Day. as The Prices then the last week of the month were was slowed down, but market started off the by extending the rally which developed after began to edge lower and began, stocks on the average just about at the levels prevailing at the close of trading in November. underwent a In the last five steep decline, trading days, however, prices and thus the market closed lower for the fifth consecutive month. The of trading slackened pace November showing, only slightly from the the December total being 28,422,380 shares, against 29,254,626 shares in the preceding month, but the drying up of dealings was marked as compared with December, 1936 when 48,600,177 Turnover for the was Congress Cigar Co., Inc.—Dividend of $1 the paid share and a ■ COURSE OF THE STOCK MARKET DURING DECEMBER, 1937 ' Corp.—Dividend ordinarily due capital stock omitted. paid on July 12, last. a not the common stock for payment Apponaug Co.—No action taken was * Virginia Pulp & Paper Co.—Dividend of 10c. of 75c. CHANGES American Machine & Metals, Inc.—No action taken on the payment of the dividend ordinarily due on the no-par common shares at this time. Dividends of 15c. a share were paid on Oct. 1, last, and each three dividend share share to 6c. a stock, payable Jan. 3. A dividend of 20c. July 1 and April 1, last. of a a the class A and class B common (L. A.) Young Spring & Wire Corp.—No action taken UNFAVORABLE of on shares, par, $1, decreased from 12Hc. paid on Dec. 24. year came to shares changed hands. 409,464,570 shares, pared with 496,046,869 shares in 1936. transactions on value made the the Stock 1937 tbtal $3,576,874,000 in 1936. any 1937 year since was a 1930. sorry year It com¬ The December bond Exchange of $197,999,000 par $2,792,531,000, compared with was the smallest bond dealings in Taking stocks and bonds together, for commissions in Wall Street. MONTHLY 16 reminiscent of the depth of the great depression than of a year of recovery. Over the whole year, the index of 50 stocks compiled by the New York "Times" receded 50.76 points, the largest decline the index had suffered since 1931. The gain in the stock average was 23.81 points in 1936 and 26.34 points in 1935, and so the advances scored by the For the stock market market, 1937 those in two years of swiftly rising prices were The December decline in the index entirely extinguished. of 4.53 was a year more points, compared with one of 9.52 points in Novem¬ ber, 12.89 points in October and 13.34 points in September. In only two mpnths of 1937 did the stock index close higher, namely, January, with a rise of .84 of with the rise of 9.21 at the close of levels since points. a point, and July, Stock prices in the aggregate the year, were hovering around their lowest April, 1935, at which point the sharpest advance in the market under President Roosevelt began. which began then The rise persisted until March 8, 1937, and since that time stock prices generally have been pared 40%. The extension of the in December declining trend in the stock market all the was more disheartening because it de¬ veloped after the price trend had rather flattened out and some reasons business had been given to believe that the setback in would be including President men, most November had not quite short-lived. . been without its encouragements. Administration spokes¬ Roosevelt, had played. budget A desire, even an ever dis¬ intention, to balance the Federal publicly acknowledged, and the Administration was declared the current need to be capital. the spoken in conciliatory tone toward business which they Efforts were a fuller employment of private begun to get privately financed build¬ ing operations stimulated, and President Roosevelt began a series of conferences with executives of cerns public utility Commission Dec. 3 fares. railroads increase press 169, with of N. close fell Y. thereafter the Nation's before the ICC their petition to freight rates by 15%, and President Roosevelt took they might remain under private management and private While the ICC denied on Dec. 10 the request of the carriers that the 15% freight-rate increase be made effective at once, it undertook to speed up the traditionally slow course of rate petitions by moving up hearing dates. Thus it appeared that a realistic ^groundwork was being laid for a speedy recovery through stimulation of con¬ struction, the public utilities and the railroads. But the /ownership. conciliation to short-lived. The con¬ ferences with, and concessions to, public utility officials were not actively pursued. The housing bill got no nearer the statute books than the conference stage between the Senate and House committees. Congress adjourned on Dec. 21 after much talk about, but no action on, tax revision. fFinally, in the last week of the month, the Administration shattered the truce which it had beeq/bbserving with business. Robert H. Jackson, Assistant Attorney General, delivered a radio address on the evening of Dec. 26 in which he poured the vials of his wrath on "monopolies" in business. He appeared to be especially vexed with the steel companies for advancing prices in the spring. The violence of his tone against business led to acute weakness in stock prices on prove He returned to the attack in Dec. 27 and 28. on was 21%. Dec. 29 and railed at business with even an address greater severity. the Interior Ickes capped the series of antion the following day with the most in¬ temperate speech of the lot. In to 21% Delaware & the 90 Dec. 3 to 81 Deb. 29, with the close Dec. 31 at 81%. Southem Pacific was at its highest Dec. 8 at 23% and at, its lpwest Dec. 29 at 17%, with the close Dec. 31 at 18%. Baltimore & Ohio fell from 13 Dec. 3 to 9% Dec. 29, with the close Dec. 31 at 10. Chesapeake & Ohio dropped from 40 Dec. 3 to 32% Dec. 29, with the close Dec. 31 at 33%. Southern Railway was at its highest Dec. 8 at 14% and at its lowest Dec. 29 at 10%, with the close Dec. 31 at 11%. High-grade corporation bonds were generally firm in December and showed moderate advances as the month drew to a close. Corporate issues of lower grade were less fortunate and moved in an irregular fashion. At the finish, however, some net gains were in evidence. Low-grade railroad bonds, in many instances, came in for much selling pressure near the close of December, followed by recessions, which established new low points for the year. Bonds of the United States Government were without change for Hudson dropped from 19 Dec. 8 to 14 Dec. 29, with close Dec. 31 at 14. Union Pacific moved down from the month. e ■■ ■ . following table we show, as usual, the fluctuations for the month in the different issues of United States Gov¬ In the ernment obligations, and a considerable number, likewise, of domestic corporate and foreign government bond prices: Sale Sale Lowest Dec. 1 1947-1952 1943-1945 1944-1954 1945-1956 1943-1947 1951-1955 1946-1948 1940-1943 1941-1943 1946-1949 1949-1952 1941 .1944-1946 ...1955-1960 ....1945-1947 ..1948-1951 1951-1954 1955-1950 1949-1953 1945 Treasury 4s Treasury 3Ms Treasury 3s Treasury 3s Treasury 3 Ms. Treasury 3 Ms Treasury 3 Ms Treasury 3 Ms Treasury 3 Ms Treasury 2Mb Treasury 2Ms Treasury 2Ms Treasury 2Ms Treasury 2 Ms Treasury 2 Ms Treasury 2 Ms The Administration's about-face toward business in generally regarded as impairing the chances of the country's enjoying a quick recovery from the ad¬ mittedly low level to which industrial output had fallen. The unprecedentedly swift recession had taken steel pro¬ duction down to 19.2% of the industry's capacity in the last week of the year, and unemployment was rising rapidly. And yet, dismal as was the note on which the year ended, 1937, taken as a whole, showed some advances over 1936. At the year end the Federal Reserve Bank of New York was estimated that the 1937 totaled about volume of production and trade for than in 1936, extending to 52% 5% more the recovery from the low level of 1932. Mineral and metal production and agricultural output, according to the Bank, increased approximately 9%, while manufacturing output rose 4%. ■ ;/f As to the fluctuations in individual stocks, United Steel Dec. was at its highest Dec. 29 at ferred was States 21 at 61% and at its lowest 51*4, with the close Dec. 31 at 54. Steel pre¬ at its lowest Dec. 2 at 105 and at its highest Dec. 31 Highest 116.11 Dec. 116 28 Dec. 28 110.15 107 106.28 Dec. 107 11 Dec. 21 107.3 111.30 111.27 Dec. 112 10 Deo. 112.4 110.12 110.7 Dec. 110, 22 Dec. 21 107.11 Dec. 107, 21 Dec. 28 116.15 18 Dec. 27 103J8 103.18 Dec. 104, 7 104.28 104.21 Dec. 105 14 Deo. 28 105.10 105.28 Dec. 106 9 Dec. 30 108.3 106.19 Dec. 107, 4 Dec. 27 107 105.17 Dec. 106 1 Dec. 29 105.30 105.12 Dec. 105 29 Dec. 27 106.20 Deo. 107 6 Dec. 27 106.24 106.20 Dec. 107 8 Dec. 27 107.2 101.9 101.8 Dec. 102 0 Dec. 27 101.29 103.10 103.4 Dec. 104 4 Dec. 28 101.10 Dec. 102 9 Dec. 27 102.3 " 105.13 104 100.18 100.18 Dec. 101 .8 Dec. 27 101.4 100.12 100.10 Dec. 101 .5 Dec. 27 100.30 98.31 98.29 Dec. 99 .30 Dec. 27 99.22 101.27 Dec. 102 .21 Dec. 27 102.18 103.10 Dec. 103.30 Dec. 29 Federal Farm Mortgage— 3Ms 1944-1946 3s 1944-1949 1942-1947 102.27 Dec. 103.23 Dec. 28 103.16 103.16 Dec. 104 1942-1947 102.8 102.8 Deo. 102.21 Dec. 27 1952 102.25 102.23 Dec. 103.26 Dec. 31 103.26 1939-1949 ..1941-1944 101.6 101.2 Dec. 101.27 Dec. 31 101.27 100.24 100.21 Dec. 101.10 Dec. 27 101.9 3s - 2Mb Dec. 27 Home Owners' Loan— 3s series A * 2Mb series B 2Mb series G Opening Price Lowest Dec. 1 Argentine external 4Ms Australia 5s of 1925 Austrian (Govt) 7s_._ 1971 1955 1957 1949 1957 1952 German (Rep) 7s stamped.-1949 German (Govt) Internat5Ms stamped 1965 Japanese Govt 6Mb--.1954 5 Ms ——1965 New South Wales (State) 5s. 1957 93 (City) 5s Canada (Dominion) 5s - 1963 Norway 4s Queensland (State) ext 7s.—1941 .1952 Rome (City) external 6 Ms. Dec. 96M Dec. 24 9 96 104M Dec. 105M Dec. 104 M 103 M 103 Deo. 104 M Dec. 15 103 106M Dec. 107M Dec. 10 106 M Dec. 16 99 M 99 Dec. 100 112M 112 Dec. 112M Dec. 31 99M 112M 29 M 29M Dec. 31M Dec. 20 30M 24 23 Deo. 25M Dec. 24 25 M 77 71M Dec. 83M Dec. 9 66 M 63 Dec. 68M Dec. 4 ldl Dec. 101M Dec. 101M Dec. 4 107 108 101 102 107M 63 M Opening Railroad and Industrial Bonds 93 Dec., 31 Highest 104 M Belgium (Kingdom) 6 Ms Brisbane Closing Range for December, 1937 Price Foreign Bonds Dec. 61M Dec. 64M 102M Dec. 15 Dec. 9 70M Dec. 29 107M 69M Closing Range for December, 1937 Price Price Lowest Dec. 1 . December Last Range for December, 1937 First Secretary of business addresses Dec. 29, with the list, New York 20% and at its lowest the railroad 16%, with the close Dec. 31 at 19%. Dec. 29 at Treasury 3 Ms of at Central was at its highest Dec. 8 at granted railroads operating in raise Westinghouse 162%. 31 at Dec. |rom 27 Dec. 1 31 Dec. Treasury 4Ms should seek to preserve the solvency of the railroads so that era close con¬ the cudgels for the carriers by saying that the Commission up the Mfg. moved down from 115% Dec. 8 to 97 Dec. 28, with the close Dec. 31 at 99%. Consolidated Edison Co. Elec. & Treasury 3 Ma Immediately began to at Treasury 3 Ms the Western and Southwestern territories the right to passenger eral Electric moved down from The Interstate Com¬ favorably, too. on 29, with the close Dec. 31 at 70%. Gen¬ 45% Dec. 21 to 40 Dec. 28, with the close Dec. 31 at 41%. Allied Chemical & Dye was at its lowest Dec. 2 at 162% and at its highest Dec. 24 Dec. 1 to 69 Dec. the differences of the Administration and this highly important industry. merce Dec. 21 at 111%, with the close Dec. 31 at 105%. American Tbl. & Tel. dropped from 152 Dec. 3 to 142% Dec. 29, with the close Dec. 31 at 144%. American Can fell from 87 Government Bonds whose purpose was to compose December began REVIEW Dec. 31 Highest 76 M Dec. 60 Dec. 2 Allegheny Corp coll trust 5s_1944 Amer & Foreign Power 5s-—2030 76M 57 M 68M Dec. S F gen 4s 1995 Baltimore & Ohio 1st gold 4S-1948 Convertible 4Mb 1960 Bost & Maine 1st 5s ser A-C-1967 107 M 107M Dec. 79 M 76M Dec. 81 Dec. 40 M 30M Dec. 41 Dec. 3 50 41 Dec. 53 Dec. '8 74 Dec. 79 Dec. Dec. 121 71 16 118 Atch Top & Brooklyn Union Elev 5s 1950 Ches & Ohio 4Ms —1992 Chic Milw St P & Pac 5s A.-1975 78 loM 51M Dec. 9 56 109M Dec. 24 109 Dec. 23 5 Deo. 13 M Dec. Dec. 8 C C C & St L 4 Ms series E—1977 68 M 67 Dec. 76 1967 4Ms---1977 46 M 40 Dec, 51M Dec. 87 87 Dec. 91 47 40M Dec. Internat Paper 5s ser A & B.1947 90 M 84 5s-_1950 Lehigh Valley (Pa) cons 5s.-2003 Liggett & Myers Tob 7s-.--1944 Mo Kan Tex cum adj 5s 1967 New York Central 3 Ms 1946 N Y C & St L 4Mb series C—1978 N Y N H & H 1st ref 4 Ms—1967 62 58M Dec. Chic & N W 4Ms series A.—1949 Erie ref & impt 5s ef 1927 Great Northern gen 111 Cent St L & N O 5s 1963 Kan City Sou ref & Impt N Y Ont & Western ref 4s.—1992 Northern Pacific 4s 1997 Pennsylvania RR deb 4Ms—1970 Conv deb 3 Ms 1952 Warner Bros Pictures 6s 1939 Western Maryland 1st 4s 1952 7 38M 9M Dec. 38 Dec. Dec. 128 M Dec. 4 8 8 Dec. 20 9 77M 31M 43 i2ir" 11M 5M 74M 43 Dec. 10 51M Dec. 6 92 Dec. 9 39 M Dec. 43" 4 66 M Dec. 131 60" 9 38 Dec. 31 131 24" 18M Dec. 86M Dec. Dec., 10 91M Dec. 30 22 86 M 63 M 60M Dec. 67 Dec. 13 61M 23 20M Dec. 24 M Dec. 10 10M Dec. 8 88 M 7M Dec. 91M Dec. 86M Dec. 87 M 84 Dec. 89 79 M 89 M 72 Dec. 80 Dec. 1 86M 74 M 89M Dec. 94 Dec. 22 91M 9M 95 25 M 97M Dec, 8 91M Dec. 21 Dec. 11 21M 9M 92 90 M MONTHLY Jan., 1938] BUSINESS ON THE STOCK EXCHANGE OF VOLUME ■ n 8 ■ 17 REVIEW Time-loan rates security collateral remained nominally on ■ ■ 1934 1935 1936 1937 1M% for to three month and at 1}4% for longer one term accommodations. Month of December— $ $ Bond sales (par avlue)— Railroad and miscell— $ $ - . 23,588,612 45,589,317 48,600,177 28,422,380 Stock sales—No. of shares 260,871,000 176,574,000 23,378,000 33,094.000 20.464,000 43,628,000 52,667,000 197,999,000 355.879,000 314,429,000 409,464,570 496,046,869 381,635,752 Reflecting the reduced activity in security markets, few actions new Railroad and miscell— 2,097,109,000 2,899,372,000 2,287,488,000 2,238,905,700 Dec. 4 Months 5 Months 6 Months 1X IX IX IX IX IX IX IX IX 1 378,026,000 602,268,000 United States Govt 348,644,000 318,887,000 673,944,000 885,058,000 3,339.458,000 3,726,231,070 ON THE CURB EXCHANGE 1934 1935 1936 Dec. 2 1X IX IX Dec. 3 IX IX Dec. 4 Dec. 5— 6— IX 7... Dec. 358,615,000 1937 8... Dec. 9 IX IX IX IX • $ $ Bend sales (par value)— Domestic 5,036.406 9,762,703 $ .■ - 29,830,000 58,091,000 82,649,000 ,79,237,000 1,211,000 505,000 2,583,000 1,365,000 3,046,000 1,406,000 '72,739,000 31,546,000 62,039,000 87,101,000 83,532,000 Foreign government IX IX IX Dec. 14 Dec. 15 Foreign corporate Total bond sales 1,556,000 / Dec. 16— A ix Dec. 18— Stock sales—No. of shares 790,556,000 1,141,044,000 17,851,000 19,202,000 419,861,000 Domestic 12,664,000 Foreign government 952,758,000 35,914,000 13,169,000 25,237,000 IX IX IX IX IX IX IX Total bond sales.— 823,050,000 1,172,064,000 1,013,909,000 442,361,000 Dec. 21 IX IX IX IX IX Dec. 23— IX IX Dec. 24 IX IX •"' ■' IX IX IX IX IX IX IX usual the holiday IX IX demand subscription attending the Treasury's As against operations. a Dec. 31 the huge and IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX ' IX IX IX IX were over¬ quarterly financing normal increase in holiday IX IX IX IX IX Dec. 27 Commercial paper gold to Europe, the sharp drop in currency currency IX IX IX Sun day Dec. 30 Outstanding developments during the past month the continued outflow of IX 0 Satur day Dec. 28 DECEMBER, 1937 IX IX IX IX IX Sun da^ f Dec. 25 Dec. 29— THE MONEY MARKET DURING IX IX IX IX IX ; IX IX Sun day Dec. 26 13,292,000 9,836,000 Foreign corporate IX IX IX IX IX IX ix IX Satur day \'}"V7 IX IX Dec. 22 $ $ 8 $ 60,027,441 75,783,794 134,843,049 104,178,804 (par value)— IX IX 7 ix IX IX IX IX IX IX IX IX IX IX IX > •••, Dec. 20... Jan. 1 to Dec. 31— :..l IX IX IX m IX y ; Dec. 19... Bond sales IX IX IX IX IX IX Dec. 17— ■ IX Satur day # Dec. 12... Dec. 13— $ : IX Sun da> IX IX IX IX IX Dec. 11... 14,695,352 5,840,699 IX IX Satur day Dec. 10... Month of December— Stock sales—No. of shares Collateral 90 Days Dec. 346.778,000 OF BUSINESS Milced 60 Days Dec. State, munic. & foreign Total bond sales..— 2,792,531,000 3,576,874,000 on LOAN RATES 30 Days $ $ $ $ Bond sales (par value)— ■ OF TIME Rates 31— VOLUME sought, and trans¬ tions. DAILY RECORD Jan. 1 to Dec. were 323,836,634 otal bond sales Stock sales—No. of shares loans mostly concerned the renewals of older accommoda- 272,869,000 282,033,000 50,468,000 United States Govt 162,209,000 a 26,054,000 10,736.000 State, munlc. & foreign the to offerings continued to be insufficient satisfy the prevailing active investment demand, and no change occurred in the existing rate of 1 % for average rate prime four to six-month names. Under date of Nov.? 10 the requirements estimated at $225,000,000, the increase in the Federal Reserve Bank of New York announced that returns amount of received from commercial paper was outstanding currency limited to $127,000,000. between Nov. 24 and Dec. 22 The decline was chiefly attri¬ buted to the effects of the current recession in general busi¬ activities, accompanied by sharply reduced industrial ness payrolls, diminished holiday spending and a general weaken¬ ing in the buying ability of the consuming public/ member bank reserves dealers showed total of a $311,000,000 of open-market commercial paper outstanding on Nov. October, compared with $323,400,000 at the end of 30, 1937 and $191,300,000 at the close of Novem¬ ber, 1936. RATES FOR MONEY AT NEW YORK Excess remained at relatively high figures Week \ Ending throughout the month, never falling below the billion-dollar Dec. 4 Dec. 11 Dec. mark, and expected to show a rapid recovery following the 18 Dec. 25 Jan. 1 ' turn of the year when the usual seasonal re-deposits of cur¬ will take place. The December financing of the Treas¬ ury included cash offerings of $250,000,000 of eight-year 2^% bonds and of $200,000,000 of five-year \%% notes, on which total subscriptions aggregated $4,084,309,500 and $2,702,416,300, respectively. Total allotments amounted to $540,940,250 of 2A% bonds and $232,372,200 of l%% notes. As of this sum $260,768,000 were issued in exchange for notes maturing Feb. 1, 1938 and, in addition, $450,000,000 of bills maturing at the December tax period were retired, no net increase in the public debt resulted from the transaction, At the same time, the large over-subscription resulted in establishing a substantial premium for the new issues and strengthening the market for all other Government securities. Gold imports during December totaled $23,500,000, of which sum $18,700,000 came from Japan, $2,400,000 from Australia and $1,900,000 from Canada. Continued rency gold exports to France, however, resulted in a further reduc¬ tion of the reported/gold stock of the United States, amounting to $14,000,000 and a simultaneous further decrease of about $15,000,000 in the inactive gold fund of the Treasury. Dis¬ count holdings of the 12 Reserve banks increased from $15,863,000 Nov. 24 to $17,390,000 Dec. 8, but subsequently fell to $12,847,000 Dec. 29. Bills bought in the open market again remained virtually unchanged at $2,827,000 Dec. 29, compared with $2,828,000 Nov. 24. Total member bank reserves, after declining from $6,948,927,000 Nov. 24 to $6,854,904,000 Dec. 22, recovered to $6,982,752,000 Dec. 29. Money rates continued at the previous extremely •low levels, and in some instances showed further recessions. Average yields on three- to five-year Treasury notes declined 1.30% to 1.24%, while those on longer term bonds receded from 2.57% to 2.52% and discounts qn 91-day Treasury bills were quoted at 0.10%. On "the Stock Exchange, the official call loan rate stood unchanged at 1%. from -CALL LOAN NEW YORK RATES ON THE High Stock Exchange: on 1@1 Indus. coll.). 1@1 1@1 1 Range for week (mixed & Indus, coll.). Week's average (mixed & - . 1 1 - i@i 1 • Time loans (mixed & Indus, collateral): Thirty days IX • 1@1 1 - Sixty days IX Ninety days. IX Four months IX Five months IX IX IX IX IX IX IX IX IX IX IX Prime 4 to 6 months 1 1 1 1 1 Good 4 to 6 months.. 1 1 1 1 1 Six months Commercial 1— IX IX IX IX IX IX IX IX IX IX ix A IX IX , IX IX : paper: Double and single names: Trading in bankers' acceptances remained quiet as offerings for the active demand. Total outstanding acceptances, according to the monthly survey of bills continued inadequate of the Acceptance of New York, compared Nov.. 30, Analysis Unit of the Federal Reserve Bank published Dec. 13, were $348,026,993 Nov. 30 with 1936. $346,246,657 Oct. 30 and $349,053,490 Import bills decreased from $126,683,423 30, and bills based on goods shipped between foreign countries from $61,853,336 to $61,446,651, whei^s export bills increased form $81,601,656 to $83,854,495, domestic shipments from $8,168,633 to $8,691,609 and domestic warehouse credits from $66,548,662 to $70,487,210. Rates for bankers' acceptances remained unchanged at ^ % bid and 7-16% asked for 30-day, 60-day and 90-day bills, at 9-16% bid and lA% asked for 120-cjay bills and at %% bid and 9-16% asked for bills run¬ ning 150 and 180 days. The New York Federal Reserve Bank in its "Monthly Review" discussed conditions in the market for bankers' acceptances as follows: "The condition of limited supply and active demand, which has existed for some time past continued to prevail in the discount market for bills during December, and no Oct. 30 to $122,058,013 Nov. stored in or change occurred in dealers' buying and selling rates. A slight increase to $348,000,000 occurred during further STOCK EXCHANGE Loio Renewal High Low Call loans November in the volume of bills outstanding, but for the first Renewal smaller than for the corresponding preceding year. Domestic warehouse bills in¬ creased seasonally in November for the fifth consecutive month, and were outstanding in slightly larger volume than time in 1937 the total was month of the Dec. 1 I 2 1 1 3 1 1 Dec. 17... 1 Dec. 18 Saturday 1 1 1 — Dec. Dec. Dec. 19 Sunday Dec. 1 1 1 Dec. 4 2Q 1 1 Dec. 5 Dec. 21 1 1 1 Dec. 6 1 1 1 Dec. 22... 1 1 1 Dec. 7 1 1 1 Dec. 23 1 1... 1 Dec. 8 1 1 1 Dec. 9 Dec. Saturday 1 14 Dec. Dec. 1 Dec. 1 1 Dec. 25 1 1 Dec. y ."i 1 15 16... v 'r l I 1 1 1 1 1 1 1 1 1 29... 1 1 1 Dec. 1 30 10 1* 1 1 1 1 1 Sunday Dec. 1 ■ Saturday 26... Dec. 28 Sunday 1 24 1 Dec. 27.,.. Saturday 13... Dec. 1- 1 12... Dec. ,• 1 11 Dec. ' Sunday 10... Dec. ' * Dec. 31... T - *•.' . 1 a year previous. Likewise export bills, rose slightly, and were outstanding in larger amount than a year ago. On the other hand, the amount of import bills declined further, although it remained somewhat higher than in November, 1936. The decline in the total outstanding, as compared with a year ago, explained by the continued liquidation of bills based goods stored in or shipped between foreign countries, is to be on and by some ments." reduction in bills arising from domestic ship¬ MONTHLY 18 PRIME REVIEW decline in their BACKERS' ACCEPTANCES deposits with the Reserve banks in the week ended Dec. 29. 150 Days 180 Days 90 Days 120 Days 60 Days 30 Days Accept'ces Bid & Ask Bid & Ask Bid & Ask Bid & Ask Bid & Ask Bid & Ask Seemed, by 1... 54a7is 2... )4a71« 34a7u 54a71# 3... Ha71« 34a7i« 4— Ha7 ie 9isa54 34a7ia 54a7i6 Saturday »ieaM 54a9 is 54a9 i6 54a9i6 54a9i6 54a9i6 "is a 54 54a9is 54a9i6 Sunday 5... 54a9is 54a9i6 6... Ha71# 34a7i8 Ma7is 8iaa34 7... 54a7i6 34a7i« 34a7is 9i6a34 54a» is 8--- Ma11« 54a7ia Ha7 is ®i6 a 54 54a9i6 9-. Ha"1 is J4a7ia 9i6a54 10--- 54a7i6 J4a7i# 54a7is 54a9i6 54a9is 34a7ia 9iea34 54a9ia 54a9u 34a7 H 34a7i« 34a7is 9iaa54 54a® is 54a9 ii 34a7 is 34a7is 9iea54 54a9i6 54aflu 54a9u 11 direct Government securities in the four-week 14... 34a7i# 15— J4a7ia >4a7ia 54a7is 9i6a54 54a9i6 16... 34a7i« 54a7is 34a7is 9i6a34 54a9is 34a7i« 34a7ie 34a7ia Saturday 9iea54 54a9is On the other hand, income-tax pay¬ by customers helped to make for the $71,000,000 de¬ cline in demand deposits adjusted of the reporting New York City banks in the four-week period. With investments rising' $59,000,000 net, New York banks finally were able to show a rise in their total credit over a four-week stretch. The in7 54a9i8 Sunday 19... 34a7i6 J4a7i# 20-. 34a7u 34a7is 9i6a34 54a9is 54a7is 9iea34 54a9i6 54a9ie 34a7i6 9iaa34 54a9is 34a7is 34a7is Saturday 9iaa34 J4a9ie 54a9i8 22... 34a7is J4a7n 34a7i« 23... 34a7i« 34a7i« 24— 54a7i« 34a7ie — 25— 26—. 54a9n 9iea34 54a9is 54a9i6 Sunday 54a7i6 54a9i6 34a7ie 54a7is 9i6a)4 54a9is 54a9is 28— 34a7ie 54a7is 54a7 ie 9i«a54 54a9u 29... 34a7i# 34a7is 34a7i« 34a7is 54a7i« 9i6aJ4 54a9is 34a7i« 54a7i6 34a7fat 9i6a 54 54a9is 54a9ie 54a9ie 54a9is 9i6 a 34 54a9i6 31--"■ 1 t' I ' 'H < '• < J4a7is •. ■ -i -V i-V'V. ' - ■; "■ 54a9is '• )'■ . ■' RETURNS OF THE FEDERAL RESERVE BANKSBROKERS' LOANS IN NEW YORK CITY The most interesting the banking position development in December was the failure of currency as regards circulation, by a considerable margin, to show the rate of increase that normally comes in thepre-holiday period. currency's performance was decidedly-easier reserve The effect of to leave member banks in a position over down $21,000,000 by further liquidation of loans, $38,000,000. The repayment of commercial, industrial and agricultural loans was considerably slowed down and amounted to only $23,000,000. The weekly reporting banks in 101 cities showed a $48,000,000 increase in loans and investments from Nov. 24 to Dec. 22, with loans lower by $61,000,000 and investments up $109,000,000. Holdings of Government securities increased $101,000,000. New York reporting bank loans to brokers and dealers, the so-called brokers' loans, rose $9,000,000 in the four weeks ended Dec. 29. Street loans, as compiled by the New ¥ork Stock Exchange decreased $28,567,274 in December, to a total of $659,219,305 on Dec. 31, as against $687,786,579 on Nov. 30 and compares with $1,051,425,161, the aggregate crease, cut 27—. 30— Book ments 54a9i« 17— 18— period. the New York banks. Sunday 13... The position of reporting member banks also was affected by the tax-date operations. Subscriptions of the reporting New York City banks to the new Treasury bonds and notes offered on Dec. 15, together with purchases in the market of issues already outstanding, more than counterbalanced the $450,000,000 discount bill redemption. The New York banks showed a $41,000,000 increase in their holdings of credit subscriptions to the new bonds and notes accounted for the $136,000,000 increase in Government deposits with 54a9u Saturday — 12... 21 , £ Call Loans Christmas week than had been thought possible three months earlier. The Federal Reserve Board's experience table on currency amounted to of these loans on Dec. 31,1936. COURSE OF STERLING EXCHANGE DURING DECEMBER Sterling exchange continued to display exceptional firm¬ in December although the rate moved down from the record high for the year of $5.03 1-16 reached on Nov. 8. The range during December was from $4.98 9-16 on Dec. 1, to $5,003^ on Dec. 6. The average rate for the month closely approximated $4.99K and on numerous occasions was prevented from passing the $5.00 mark through the intervention of the British Exchange Equalization Fund. The firmness of the pound was contrary to the usual seasonal trend, which favors New York from the end of August until the middle of January, and was due in large measure to widespread uneasiness concerning the business ness circulation, showing the average fluctuations in currency over a number of years, places the normal increase in currency from the summer low point to Christmas week at approxi¬ mately $450,000,000. In 1937, however, the increase from the mid-summer low to the peak during Christmas week was only $287,000,000. The rise from Nov. 24 to Dec. 22 (the nearest date to Christmas Day covered by the official statis¬ tics) in 1937 was only $127,000,000, compared with an estimated. normal increase of about $225,000,000. The recession in business activity is, of course, the most obvious- recession in the United States and to doubts as to what the attitude of the Washington authorities would be on business explanation for the failure of currency to live up to normal and financial questions. expectations. It would appear, however, that the demands Throughout the month the foreign exchanges were rather for currency at the banks was lessened by the fact that more dull than usual, although there was considerable de¬ hand-to-hand money previously hoarded was brought back mand for sterling and for the transfer of funds abroad on into active circulation. As to that, the January figures will commercial account. give confirmation or denial. It was officially indicated that from early in October With the demand for currency rising only about $85,000,until nearly the end of November not less than 000 from the Labor Day week to Chirstmas week, member $300,000,000 of gold was disposed of abroad by the United States. bank reserves held at $1,000,000,000 or above, right on The movement continued in smaller volume during December. through the holiday week and the year end. The low for In the earlier months there had been a trend of excess reserves was $1,010,000,000 on Dec. foreign 22, while the funds from gold to dollars, due to the general total rose $40,000,000 from Dec. 1 to 29, the four weeks expectation in Europe that the United States Government would under review -here. Actual member bank reserves were again increase its gold price, but as it became entirely clear toward $76,280,000 higher in this period. . The principal reserves sources from which member banks gained in the four weeks ended Dec. 29 were the $13,000,000 currency, the $38,000,000 reduction in deposits and other Federal Reserve accounts, and the $37,033,000 decrease in Treasury deposits with the Reserve banks. The increase in currency circulation over the four-week period amounted to only $3,000,000, and Federal Reserve credit in use declined $1,000,000. Reflect¬ ing continued exports of gold to France, the monetary gold stock, and the inactive gold fund as well, showed a decline of $14,000,000 in the four weeks. In spite of the decline of $14,000,000 in the monetary gold stock in December and one of $29,000,000 in November, the reported gold stock of the United States increased $1,502,000,000 net in the calendar year, compared with a gain of $1,133,000,000 in 1936, a gain of $1,887,000,000 in 1935 and a gain of $1,396,000,000 in 1934, exclusive of devaluation profit. With the member bank reserve position more comfortable, member banks paid off $4,186,000 of their borrowings from the Reserve banks increase in Treasury non-member in the four weeks to Dec. 29. The quarter date financing of the Treasury and the tax payments around Dec. 15, left their imprint on the banking position. While the Reserve banks did not add further to their holdings of Government securities, following their open-market buying in November, they did enlarge their in¬ vestment in Treasury bonds by $13,466,000, which was offset by a corresponding decline in their holdings of Treasury notes. Foreign central bank deposits with the Reserve Sys¬ tem decreased $99,858,000 in the four weeks ended Dec. 29. The statistics indicated that good part of these funds was transferred to other deposits with the System, which rose $53,128,000 net, apparently owing to purchases of gold by foreign banks of issue directly from the Treasury's stabiliza¬ tion fund. Foreign central banks were substantial holders of the $450,000,000 of Treasury bills maturing around the tax date. Part ,of the proceeds of the discount bill redemption were used by the foreign banks to acquire gold. Some part, however, was reinvested, as indicated by the $16,203,000 a the end of November that the American gold price, would unchanged, these funds shifted back to gold, in some instances by physical transfer of the metal, as for instance to France, but in most cases by ear marking in New York for account of foreign central banks or exchange equalization funds. The precise character of the gold move¬ ments was not officially disclosed and seems in fact to have been more or less deliberately disguised by Treasury and Federal Reserve Bank operations, but it is believed that in the first half of December fully $100,000,000 of additional gold was acquired by foreign central banks, chiefly through earmarking here. The outward movement of gold, whether through actual transfer or by earmarking, had an adverse effect on the dollar and favored the foreign currencies, especially sterling. The transfer of foreign funds from American securities seemed to have virtually ceased in December and in the two remain weeks before Christmas there interest in American securities was on evidence of renewed the part of British and Dutch investors. Any improvement in business conditions on this side would end hesitancy and bring about a full resumption of European interest in securities on this side, with benefit to the dollar in exchange. However, it is thought that no noticeable movement of this kind could possibly take place until long after the new year, In the second half of December the foreign exchange markets became seasonally quiescent. In the fourth quarter of the year,, with increasing emphasis British indus¬ trial interests tinuance of expressed some doubts to as the con¬ high degree of prosperity in Great Britain. They pointed to the practical cessation of the extensive building program and urged the authorities to take proper a steps to promote the export trade. British Government authorities were at pains to show that fears of business retardation had no foundation in fact and that the sharp recession felt in the United States was due to strictly local considerations and could hardly (Continued on page 113) ' cause a re- New York Stock Exchange MONTHLY AND YEARLY RECORD RANGE Bond, Sales OF BOND PRICES 1937 December. ----- Jan. 1 to Dec. 31—-- 1936 $197,999,000 2,792,531,000 $355,879,000 3,676,874,000 DURING NOTICE—Oash and deferred delivery salea DECEMBER 193^ Stock Sales 1937 December-- Shares_ Jan. 1 to Dec. 31 1936 28,422,380 409,464,670 . 48,600,177 496,046,869 disregarded In the month's range, unless they are the only transactions of the month, and when selling outside of the regular monthly range are shown in a footnote in the month in which they occur. No account is taken of such sales in computing the range for the year. The tables on are 19 to 40 furnish pages complete record of the transactions on the New York Stock Exchange during They need no extended introduction^ as they are self-explanatory. The tables the Exchange. We give bonds first, using the classification adopted in the official list. a December, 1937, and the range 3inoe Jan. 1. embrace every security dealt in on The black-faced letters in the column headed "Interest Period" indicate in each case the mohth when the bonds mature. 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. X/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 12 Months 1937 a point. I BONDS n. t. stock P. PRICES IN DECEMBER Price 'It exchange RANGE FOR YEAR 1937 Jan. 2 Dec. 1 1937 Bid Ask Bid Lowest Dec. 31 Ask Bid Ask Lowest Highest Sale Prices Sale Prices Highest Sale Prices Sale Prices U S GOVERNMENT BONDS Treasury 414a Oct 15 1947-1952 A O A O Registered 68,000 A O 1,913,000 Treasury 3Ha.......Oct 15 1943-1945 ,257,000 67,000 Registered ,525,000 Treasury 41,000 J D J —- 1,009,000 Registered 8,000 1,433,000 Treasury 3s.. 1,998,000 47,000 1,183,000 25,000 1,790,000 14,000 :,384,000 6,000 1,059,000 51,000 i,101,000 158,000 !,912,000 44,000 1,172,000 10,000 r,592,000 21,000 ',600,000 3.000 1,175,000 4,000 .713,000 116.18 lO&Ys Sale" 107 107.3 Sale 106.28 115.20 Sale 111730 Sale" 11274 Sale Sale 106.28 S D J Dec. 28 113.16 Apr. 2 121.14 Jan. 4 Dec. 116.18 Deo. 30 113.12 Apr. 23 107.11 Dec. 21 104.2 Apr. 2 120.15 2 109.26 Jan. Dec. Jan. 2 Dec. 107.4 24 1 108 112.10 Dec. 18 104.16 109.12 Apr. Dec. Apr. 8 115.20 Jan. 2 111.25 Dec. 111.31 Dec. 17 109.18 Apr. Jan. 26 107.12 6 114.8 2 114.9 Jan. A 2 113.21 9 110.18 Jan. 14 Dec. liiYo 114.20 110.12 Sale 110.9 110.27 110.7 Dec. 110.22 Dec. 21 110.4 Dec. 110.4 Dec. 6 107.20 il6Y7 Sale 107714 107.29 107.18 107731 107.11 Dec. 107.21 Dec. 28 104.28 103.18 Sale 104 Sale 103.18 Dec. 1 104.7 Dec. 27 101 Apr. Apr. Apr. July Apr. 103.25 Dec. 15 103.25 Dec. 15 100.28 Apr. Dec. 7 105.14 Dec. 28 102.10 D .......... ...Sept 15 1951-1955 M S Treasury 3s.......June 15 1946-1948 J D .... J 15 1940-43 J D J 106.14 106.18 Sale R M 9 Jan. 11 Jan. 4 104.21 104.2 Apr. Mar. 17 104.2 107 Ys 105.29 106 106.3 105.28 Dec. 106.9 Dec. 30 104.20 Apr. 2 107.27 Jan. 105.28 Dec. 106.1 Dec. 29 105.10 Apr. 17 107.18 Jan. A * 106.19 Dec. 4 107.4 Dec. 27 104.24 Apr 8 108.24 Jan. 6 104.20 8 2 1 2 Sale" io8?23 Sale" Sale 106.21 106.25 107 Sale Mar. 17 4 108 Feb. 108.24 Jan. 4 108.21 Jan. 2 108.18 Jan. 8 1 2 105.29 Dec. 27 102.24 Apr. Apr. Apr. Apr; Dec. 29 105.14 Dec. 29 104.23 Nov. 16 105.14 Dec. Dec. 27 104.24 Apr. 105.20 Apr. 27 106.8 27 104 Apr. 1 109.25 Jan. 14 104.10 Apr. Apr. 8 109.1 Jan. 11 99 2 104.30 Feb 26 99.2 Apr. 104.22 Mar 100.18 106 16 Jan 105.24 Jan. 99.2 ' Apr. Apr. Apr. 104.16 Jan Oct. 100.15 July 98.4 Apr. 103.17 Feb 99.116 Oct. 99.25 June 15 1946-1949 J D 108.25 109.2 J I) 108.21 Sale Dec 15 1949-1952 J D 108.12 108.18 105.13 Sale J D F A 108.22 Sale 106712 F A Treasury 3%8—. Apr 15 1944-1946 A Registered...........— o 109.25 Sale 106.24 Sale 107.2 106 20 Dec. 107.8 Dec. 106. 21 Dec. 106.22 Dec. Treasury 2Hs_...—Mar 15 1955-1960 M 8 104.22 Sale 101.9 Sale 101.29 Sale 101 8 Dec. 102.6 Dec. 27 101.25 Sale 101 9 Dec. 102 Dec. 24 103710 Sale 103.16 103.31 103 4 Dec. 104.4 Dec. 28 — Treasury 3Mis Registered Treasury 3H» ......... ... Aug 1 1941 Registered 105.13 105.30 105.30 Sale 105.17 — ' Registered Sept 15 Treasury 2Ha. ... 1945-1947 106.15 Sale 2 106.1 Dec. 29 105.25 Dec. 105.10 105.25 105.12 ... 104.16 Sale M S Dec. 105.25 ..... 105.14 106.31 106.24 107.15 106.20 Sale ... 3 107.6 Deo, 29 102.20 Dec. 29 102.24 101.2 ... Sept 15 1948-1951 m's loiYl June 15 1951-1954 Treasury 2H» Registered. 10 Jan. 100.13 — Reglotered. Registered.. Feb. 2 105.10 Sale 8 Registered Treasury 3Hs_. 1 106.23 2 107.30 Jan 8 104.28 Sale D ...Mar 15 1941-1943 M 1 109.6 2 106.28 Mar. 107.27 108.6 D June Treasury 3Ha 116.28 111.27 Registered....................... M S Registered 3,000 Treasury &H 255,000 Registered 26,000 ;,814,000 Dec. S June 15 1943-1947 J ....... 69.000 M M Registered Treasury 3%e_— 116.19 116.27 116.11 D Registered :,405,000 Treasury 3lis.......Mar 15 1946-1956 18,000 116.15 Sale D Dec 15 1944-1954 J 4s 121.13 121.23 j"D 104.20 10179" l"0l".15 102.3 Sale 101.10 Dec. 3 102.9 Dec. 27 101.4 Sale 100 .18 Dec. 101.8 Dec. 27 ..... Treasury 2%s 103.11 103.16 100.18 Sale Registered... Sept 15 1956-1959 MS Treasury 2H«. 103.1 Sale 100.12 Sale 101.15 Sale 98.31 Sale 2 108.24 Nov. 19 Jan. 4 Sept. 24 2 1 2 12 u 6 25 Nov. 12 Dec Registered. 1949-1953 j"b 9972*2 Sale" 100 .10 98 Dec. 101.5 Dec. 27 29, Dec. 99.30 Dec. 27 1027l8 Sale" 101 27 Dec. 15 102.21 Dec~.~27 103.10 Dec. 10 103.30 Dec. 29 — ... Dec 15 1945 J D J Treasury 2H« Apr. 103.18 Feb. Sept. 100 Aug. 16 96.6 Apr. 101.22 Feb. 97.13 15 98 99.11 100.30 Sale Registered Treasury 2%s June 97.13 June 29 101.27 Deo. 102.21 Dec. 27 101.7 Apr. 8 106.10 Jan 100.11 Apr. 2 105.17 Jan 2 Apr. 28 105.10 8 105.23 Jan 16 2« r D Registered Federal Farm Mortgage Corp— 2,543,000 9,006",000 39,000 3,899,000 "• 3,000 3Hs Mar 15 1944-1964 M S Registered............. 3a May 15 1944-1949 M N Registered............. Registered...,. 2«a 2,350,000 Home Owners Mtge 16,582,000 22,000 19,192,000 4,000 S,116,000 104 103.15 104.5 102725 103.8 103721 104.5" 102727 Dec." J 105.21 Sale 103.19 104 103.10 104 103.16 S 105.20 105.23 102.8 102"" 105 Sale 102.25 Sale 103.26 Sale 102.21 M 103.2 Sale 101.6 Sale 101.27 Sale 101.2 103.4 166724 Sale 16179 100.21 Dec. 103723" D~ec~.~28 Dec. 1 104 Sale 103 Dec. 102.8 Dec. Dec. 103.26 Dec. 31 Dec. 102.21 Dec. 7 101.23 Dec. 101.27 Dec. 31 98.28 6 101.10 Dec. 27 Dec. 27 2 102.24 Dec. 2 1 102.21 Dec. 27 22 Jan. 2 Feb 16 Jan 4 101.8 Apr. 102.22 July Apr. 2 105.1 8 104.10 Apr. 1 105.3 Jan 4 Jan 13 99.6 Corp— Registered......... 2H» Series B Aug 1 1939-1949 F A a+Awssrl 2^s series 6 101 — Mar 1 1942-1947 ...May 1 1944-1952 M N 3s Series A U mil 103.4 105717 Sale" 102.24 -Jan 15 1942-1947 i 3s 105.30 Sale G--.".July Y 1942^l?44 i"j 10372" 102.23 99.24 100.9 Sale" 98.16 June 26 104.22 Apr. July Apr. 1 103.2 6 100.9 Jan. 2 July 6 2 102.31 Jan 4 FOREIGN GOVT. & MUNICIPALS Agricultural Mtge Bank (Colombia^— 321,000 ♦Gtd sink fund 6s. 1947 F A ♦ 374,000 Gtd sink fund 6s 1948 A O 784,000 Akershus (Dept) eztl 5s......... 1963 M N 857,000 •Antloqula (Dept of) Col 7s A—1945 J J 707,000 •External s f 7s ser B_.........1945 396,000 •External s f 7s ser C 1945 •External s f 7s sei D 1945 915,000 ♦7a 1st series....... .....1957 671,000 •7s 2d aeries..................1957 513,000 •7s 3d aeries .....1957 669,000 631,000 Antwerp (City) eztl loan 5s 1958 Argentine Nation (Govt of)— Sinking fund ezternal 4H> 1971 MN 4,630.000 S f external conv loan 4s..Feb 1972 F A 7,899,000 S f eztl conv loan 4s—Apr 1972 A O 1,669,000 ... For footnote* see page 30 1?* n» it* 22 21H Sale 23 20% Sale Sale 101 6 Sale 6 20 6 19 Sale 6 16 Sale It* 98% Sale 16 99 5% 5% 5% 97 % 93 84 % 85 Sale 7 25 X 20 13 13 100% 10154 5% 7 6 7* 5% 5% 6 5 8 6% Sale 6 Sale 1154 6 Dec. Dec. Dec. Dec. Dec. Si 20% Dec. 27 21 28 101 29 7 8 Dec. 14 Dec. 1 Dec. 9 26 Dec. 9 Dec. 27 7% Dec. 9 6 5% Dec. 28 6 5 Dec. 5 Dec. 29 5 Dec. 28 6 5% Sale 5X 98% 96 17X 18% 99% 5X 5% 27 Dec. 9 5 Dec. 5 H Dec. 21 5 Dec. 8 5 Dec. 97 6 Deo* Dec. 3 100% Dec. 29 93 Dec. 1 96% Dec. 24 84% Dec. 1 89 87 Sale 87 7 Sale 85 Dec. 1 1 Oct. 5% Dec. 97 Sale 6 Dec. 10 Sale Sale 17% Dec. 18% Dec. May 5% Dec. 5% Dec. 97 Dec. 11 Dec. 27 Nov. 30 30 Feb. Feb. 101 Dec. 20% Jan 20 Jan. 20 Jan. 20% Jan 17% Jan. 16% Jan. 16% Jan. 102 July 15 15 1 16 5 5 5 5 5 5 26 88% Nov. 26 103% Sept. 4 80 Nov. 26 95% Sept 1 80 Nov. 26 94% Sept. 10 N. Y. STOCK 20 Sales for N. - Y. Fo'elftn 2,/14,000 1,, 44,000 3,390,000 520,000 (Co»M»Wl) 1925....-.July 15 1955 liitirnal loan 5§ of 1927.....—1957 External g 45*8 ot Austrian Govt s 1928.------.1956 f 78-..————1957 extlOHs—1945 lelglum 25 year external 5)48—. 1949 External 8 f *8.. .... 195. External 8 f 7e a.—- 1955 Bergen (Norway) extl 5a., i960 ♦Berlin (Germany) s f 4H« 1950 ♦External sinking fund 68.....1950 ♦Brazil (U 8 of) external 8a 1941 ♦Ext a f g 4H* of 1926 195/ ♦ Extl s f *H> of 1927 195' ♦Cent Ry 30-year g 7a... 1952 Brisbane (City) s f 5«_. 195; Sinking fund gold 5a 1958 20-year s f 6a__.*950 207.000 ♦Bavaria (Free State) 507,000 1,078,000 707,000 184,000 310,000 561,000 4,875,000 7,562,000 5,902,000 3,099,000 622,000 496,000 359,000 1962 467,000 ♦Budapest (City of) 6s ---— 969,000 ♦[Buenos Aires (City) 6H* B 2... 1955 84,000 ♦Buenos Airsi(Prov)ref.ext'la 168 1961 486,000 492,000 6,085,000 2,095,000 916,000 1,695,000 645,000 3,165,000 2,075,000 8 — 545.000 240,000 256,000 164,000 84,000 73,000 76,000 102** Sale 110 Sale M S 100 99** 22 O 22 19*4 D 22 1 D Sale A O Sale A O Sale 18** Sale 22** Sale 19** Sale 19** Sale J D Sale 103 M E F A J D J D J J Sale M S 101 103 5* 105** 27 5* A 82 54 87 80 1975 MN J J 1945 F O A 1961 J Sale Sale 815* 83 59 65 245* Sale 24 109** 114 54 10154 1035* 25 Sale Sale Sale Sale J M S J J 4 O A O MN 32 26 26** 27 A O 22** 20** F A 20 J 20 M S 20 M 8 20 M N 20 i D J D A O M N M S J 17** 17** 17** 17** 16** §1* 38 32** 26** 30** Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 23 Sale 100% Sale 1937 8 A O j J A C MN F A J D M N 70 70 31** 107** Sale Sale 99 MN Sale Sale 93** Sale 46 44** 38** Sale 32** Sale 39 32** 32*| 34** 14** Sale 14** Sale 14** Sale 14** Sale 14** Sale 14** 14** 14** Sale 12** Sale 12** Sale 12** Sale 12** Sale 10 Sale 37 32** Sale 32** Sale 20** 24 20** 27** 20** 99** Sale 97** 98 13** 27 97 H Sale 100** 97** ---1953 5^9..-ITune 30 1945 Czechoslovak (Rep of) extl 8s.--1951 Sink fd 8s aer B 1952 Denmark 20-yr external gold 6s .1942 External g 5H®— 1955 59 loin 23 Dec. 10 Dec. 16 Dec. 22 100 Dec. 23 8 100 985* Dec. Dec. 1 1035* Dec. 29 101 . 23*4 Dec. 215* Dec. 15 " Dec. "28 80 Dec. 24 805* Dec. 28 Sale 67 Dec. 1 70 Dec. Sale Sale 72** 53** 675* Dec. 685* Dec. 70** Dec. 50 Dec. 1 705* 715* 7254 535* Dec. 28 Dec. 8 Dec. 27 Dec. 10 34 Dec. 27 305* Dec. 325* Dec. Sale —— 108** Sale 112** Sale 100** Sale 100** 99** 107** Dec. 112 Dec. 99 Dec. 555* 35** 1 1 4 7 3 1 Dec. 1 1005* 9954 9554 565* 385* 345* 3354 Dec. Dec. Dec. Dec. 28 Dec. 64 92 Nov. June 20 21** Jan. 34 22 Dec. 27 335* Nov. 6 Jan. 1045* Mar. 17 1105* 10954 Oct. 20 1145* Mar. 17 1015* 97 Mar. 17 1035* 28 8 Dec. Dec. 22 Dec. 21 Jan..4 34 Dec. 11 Dec. 29 Dec. 16 Dec. 10 Oct. 19 Oct. 19 Dec. 10 Dec. 10 Oct. 19 12** Dec. 28 12** Dec. 29 155* Dec. 155* Dec. 30 Sale 32** 27** 28** 145* 14** 145* 14** 145* 145* 145* 125* 125* 125* 125* Dec. 29 Dec. 29 1 Dec. 1 Dec. 1 Dec. 1 Dec. 1 Dec. 3 Dec. 1 Dec. Dec. Dec. Dec. Dec. 10 Dec. Sale Sale Sale Sale 17 165* Sale 125* Sale 125* Sale Oct. Jan. Oct. 26 4 19 Dec. 10 Oct. 19 Dec. 10 Dec. 10 Oct. 60 2454 2454 245* 215* 215* 215* Oct. Oct. 19 19 22 Oct. 21 Dec. 16 73 17 Mar. 29 265* Mar. 9 Dec. 28 Dec. 29 38 19 28 Dec. 19 22 24 54 815* 51 Dec. 13 Dec. 30 Sale 17 J* 21** 103 105** 103 1035* 106 103** 20** 102 95 82 17** Dec. 10254 Dec. 103** Dec. 100** Dec. 102** 1015* Dec. Sale 61** Dec. 195* Sale 72 103 54 105 103** 105 Sale 105 103 105 103 103 Sale 103 62 100** 98** Sale Sale 105** Sale 1015* Sale 995* 100 21 Dec. Dec. 18 Apr. 12 90 56 1 Dec. 13 80 89 Dec. 8 Dec. 30 99 27 205* Dec. 2 16 1035* Dec. 23 23 1035* Dec. 3 6 101 23 1 Dec. 3 10354 Dec. 17 7354 Dec. 28 Dec. 23 105 Dec. 27 Dec. 31 10354 Dec. 23 Dec. Dec. 22 106 3 10454 100** Dec. 985* Dec. 38 31 30] Dec. 23 303 Oct. 19 1013 3 1003 May- Dec. 31 975* Dec. 8 e82 9 1015* Dec. 23 1 1005* Dec. 24 1 Mar. 11 Mar. 11 Mar. 8 Mar. 16 Mar 9 2154 Mar; 9 July 12 29 3 4 9 10 Dec. 2 100 31 9 10 14 Dec. Dec. Dec. 1 12 18 Mar. 11 21 Dec. 23 17 Mar. 10 2054 Dec. 16 2054 Dec. 7 Dec. 5 29 Mar. 10 25 Mar. 3 245* Mar. 9 19 Oct. 19 Nov. 27 Oct. Dec. 10 Dec. Dec. Dec. Dec. Dec; Dec. 19 Dec. 28 75 82 6 25 33** Dec. 16 195*Dec. 11 175* 1754 1754 1754 1754 175* 1754 1554 1554 1554 1554 1254 33*4 205* Dec. 20 7 Dec. 35 Dec. 29 57J* Jan 9954 Aug. 9554 Dec. July ft* July 40 July 405* Aug. 485* Mar. 255* Mar. 18 Sale Sale 4 23 2 19 17** 18** 985* 955* 80** 56 85 Jan. Jan. Jan. 19 325* 975* Sept. 11 Sept. 3 Aug. 27 Oct. 33 Sale 5 17 6 May 28 Oct. 37 97** 525* 5 B June 23 Nov. 19 2 935* Dec. 46** Dec. 11 26 100 5 16 Jumg 30 18 Sale Sale • 7 11 23 21 19 88 20 95** June Sept. Aug. Aug. Jan Feb. Jan. Jan. Jan. Aug. Jan. 655* 22 98** June 23 Atig. 485* Nov. Sale 23 14 Aug. 12 Aug. 5 Mar. 1 8454 June 26 855* June 26 865* June 26 Nov. 655* Nov. 67 8 11 29 59 17 16** 155* 145* 145* 15** 145* Sale 15 145* 11** Sale 40 20 3354 Dec. 27 79 785* Nov. 635* Nov. . Jan. Jan. 30 99 995* 26 16** 16** 16** 16** 16** 9 1 1085* Dec. 30 6 1125* Dec. 31 1 1005* Dec. 28 995* Dec. Sale Sale 95 335* 1025* 1065* 935* Feb. 9754 Apr. 79 47 18 Nov. 13 475* 975* Nov. 27 1035* 9754 Nov. 29 1035* 9954 Nov. 29 10554 100 69 3* Nov. 13 215* Dec. 15 100#82 Dec. 69** 69** 71** 53 102** 103** 102 105** 106** 105** Sale 105** Sale 100** Sale 100** Sale Dec. 29 18 19 101 Sale Dec. 29 Dec. 30 Dec. 10 Dec. 10 Dec. 10 29 80** Dec. 28 33 Sale Prices 1045* Nov. 29 1105* 104*4 Oct. 19 110 995* Nov. 29 1035* 98 Mar. 19 1045* 185* Mar. 29 255* 10554 Nov. 17 111 10154 Nov. 17 1105* 10954 Dec. 7 1185* 99 Jan. 6 1035* 18 Mar. 17 255* 185* Mar. 22 25 205* Dec. 29 59 5* 18 Nov. 13 475* 19 54** 97** 14** Dec. 29 Dec. 99 106 85 19** 103 -.1962 99** 10 30 23 10 20** 25** 235* 2354 Dec, 100.1 100*32 Dec. 99 87 It* 9 9 24 15 29 21 Dec. 18** Dec. 29 23 22 82 "21** 18** A J 101 70 —- Dec. 19 18 99** Sale 99** 99** 80 30** 32** 99** 1954 18** 205* Highest Sale Prices Sale Prices Dec. Dec. Dec. Dec. Dec. Dec. Dec. 115*1 Dec. 995* Dec. Dec. 18** Sale 19** Sale 98 67** Sale 68** Sale 68** Sale 70** Sale 50** Sale 1095* 21 Sale 16 21 80 30 D M 1957 F 101 99 J J 19** Sale 99** Sale 99** Sale Sale , 1045* Dec. 21 105** 104** Dec. 20 1055* 3 100** 995* Dec. Dec. 29 104** 103 6 205* 195* Dec. 106** Dec. 29 107*. 7 1045* 102 H Dec. 99** 100** 16 * 23** 70 S F 1942 J — 99 A ♦Public Works External g 106** 107 J 103 Deutsche Bank Am part 20** 22 1065* Sale 104** Sale 114** 117** Sale 1957 F A 30-year a f 5H« 103 Sale 785* Sale 7s ..1951 126,000 Cuba (Rep of) 5s of 1904 -....--1944 5s ext debt Ser A of 1914....-.1949 467,000 4 H« external loan-.-.—-—-1949 113,000 Sale Sale 78 ♦Costa Rica (Rep of) Sale J 1952 M N — 20 Sale Prices Ask 104** Sale 104** Sale 100** Sale Sale D 8 1961 Sale Sale 104** 104** 99** 103** J 1944 J 330,000 ♦Cordoba (City) 7s. 429,000 *7s stamped 446,000 Cordoba (Pro?) Argen 7s 26,000 738,000 YEAR Lowest Highes„ Lowest Dec. 31 Ask Bid Bid M S A ♦Guaranteed s f gold 6s—.... 1,379,000 ♦Guaranteed sinking fund 6s. 1962 1960 1,264,000,♦Chilean Munlc Loan 7a 1951 96,000 ♦Chinese Hukuang Ry 5s 1950 172,000 ♦Cologne (Germany) a f *H> Colombia (Republic of)— 4,416,000 ♦Os of 1928..;. Oct 1961 3,917,000 ♦Extl s f g 68 Jan 1961 160,000 ♦Colombia Mtge Bank 6j^s_._.— 1947 1946 458,000 ♦Sinking fund 7s of 1926 1947 164,000 ♦Sinking fund 7a of 1927....— 1952 1,810.000 Copenhagen external 5a 1953 1,624,000 Gold 4H« Dec. 1 J 1960 A —- Aug 15 1,732,000] 1,792,000 1,815,000 3,475,000 23 1968 MN 7-year 25*8 369,000 300,000 A O 1967 1,545,000 30-year 38.. 1954 127,000 ♦Carlsbad (City) a f 8a 1950 301,000 *Cent Agrlc Bank (Ger) 7a 390,000 ♦Farm Loan a f 6s .....------ 1960 1960 618,000 ♦Farm loan s f 6s ..—— 1930 525,000 ♦Farm loan 6a aeries A... 1942 2.025.000 «Chile Republic exta f g 7a 5,623,000. ♦External sinking fund g 6a .. 1960 3.060.0001 ♦External a f gold 6a Feb 1961 1961 3,843,000 *Ry ref extl a f g 6a.------Jan 2,657,000 ♦Extl a f «a int ctfa Sept 1961 1962 1,208,000 ♦Ext! sinking fund 6s — 1963 2,828,000 ♦External sinking fund 6s 1.318.000 ♦Chile Mtge Bank ofgua f 6)4* 1957 1961 1.095.0001 ♦Guar a f gold —— * 995* 100 F 1967 J Canada (Dom) Gold 4a 3,125,000 362,000 15,752,000 109 % 110 Sale 101*! J 1984 J 75*s_. iO.year gold 5a_._,.— Ask 1976 F f 7s Stabilization loan 10-year 2 5*8 25-year 3Hs 1,153,000 M N . 10954 HOH J 1977 M 45*8-45*®— Extl s I 4H-454 % bonds 3% external 8 f $ bonds Bulgaria (Kingdom of)— ♦Secured J M S • 1976 A Readjustment 45*-45*»---Refunding 8 f 4H-45*«— 1,823,000 ' i%i —..... Extl readjust ♦ Bid J M ♦Stamped ♦6^8 stamped 894,000 729,000 1937 GoT*rnm«iit tustralla 5s of RANGE FOR IN DECEMBER Jan. 2 EXCHANGE DTOCK PRICES Price BONDS 12 Months 1937 EXCHA NGE—BONDS 175* Dec. 27 3654 2 10554 1005* July 101 Jan. 29 1045* 9754 June 21 102 1015* Dec. 23 105 475* Oct. 19 7354 103 Dec. 23 1055* 103 Dec. 31 1055* 9 10754 1045* Apr. 100 5* Nov. 24 1035* 1 1015* 975* May Feb. Feb. Feb. 3 15 15 Feb. 11 11 Feb. 11 Aug. 6 Aug. 10 Apr. 16 Apr. 16 Jan. 28 Mar. 12 Nov. 23 Nov. 10 Aug. 12 July 29 Dec. 28 Jan. 4 Jan. 2 Aug.17 Aug. 30 June 23 1932 ctfs M S 44 M ♦♦Stamped extd to Sept 1 1935 74** Sale 73** S Republicsf 5)4s.--..1942 of 1926 1940 A O 2d series sinking fund 5 1940 A O Customs Adm 5H® 2s aer 1961 M S A O 5H® 1st series 1969 A O 5^8 2d series 1969 ♦Dresden (City) extl a f 7s 1945 MN El Salvador (Rep) 1st • ' He A... 1948 J J ♦Certificates of deposit--..-.Dominican 1st ser 5H* 132,000 .1967 J J 127,000 Estonia (Republic) 7s. 1945 M S 492,000 Finland (Rep of) external 6a 1953 M N 293,000 ♦Frankfort (City rt) a f 6^s J D 678,000 Fiench Republic 7H« stamped..1941 75*s unstamped 1941 308,000 External a f 7a stamped 1949 J D 232,000 7a unstamped 1949 251,000 - 60** 63** 75 Sale 80 61 75 50 64 67 50 69 70 70 50 50 635* 61 50 50 i 62 23 98 106** 19 23** 99 Sale 23 123** 122** 1245* 127** 123** 113 113 20 60** Dec. 635* Dec. 3 1 80 Dec. 29 65*4 Dec. 9 65 Dec. '30 64 7 "Dec". 23 59 55 55 Dec. 24 59 585* 59 Dec. 22 59 Dec. 22 Dec. 22 45 Jan. 635* Dec. 1 5954 Nov. 27 55 55 Dec. 30 Dec. 24 59 Nov. 26 61 59 Nov. 24 20 ----- 55** 100** Sale 99** 105** 108** 108 19** 26 104** Sale 105** 93 Sale 92** 106** 123 108** 95 99** ..... 345* 100 Sale 25 Sale 98 123 102 12 Dec. 15 20** Dec. 11 19 Oct. 40 Dec. 15 44 40 Dec. Jan. 99 Dec. 20 10054 4 108 10654 Dec. 195* Dec. 14 21 2 107 1035* Dec. Dec. 93 1 100*4 Dec. 16 1 Dec. Dec. 27 Dec. 28 Dec. 29 108 Dec. 29 113 Dec. 13 Dec. 16 100 Dec. 6 101 Dec. 11 23 Dec. 1 1 Dec. Dec. 13 8 Dec. 1 Dec. Dec. Dec. Dec. Dec. 24 215* 215* 29*4 245* 98 80 Dec. 29 825* Mar. 82 Feb. 8 18 82 Feb. 18 815* Mar. 11 815* Apr. 1 81 Mar. 4 26 Feb. 27 665* May 10054 Dec. 20 1 0 1055* Oct. 109 1754 Mar. Sept. 925* Nov. 1055* July 100 Sept. 2554 Aug. 18 12454 Jan. 22 1195* Jan. 11 102 130 124 June 28 Jan. 25 Mar. 4 German Gov't International— 8,169,000 1,039,000 8,000 3,320,000 574,000 ♦7s unstamped German Prov A 416,000 168,000 5,000 1,051,000 82,000 596,000 136,000 50,000 189,000 1965 .1965 ♦35-year 55*8 stamped. ♦5 5*8 unstamped. .... D • Sale 24 Sale 21** Sale 255* Sale 235* Sale 20 20 29** Sale 24** Sale 305* Sale 29** 25 J* 25** 25** 29 "29" Sale 24** ...—.1949 Communal 21** 20 I ♦5Mis atpd (Canadian holder).. 1965 ♦German Republic 7s stamped..1949 A O 25** 31 26 H 33 H 26** 27** J O A. 1958 1964 MN ♦Greek Govt secured 7s 1964 ♦78 part paid ' .. .. 1968 FA ♦6s part paid...—---——-1968 Haiti (Kep of) 6s series A »952 AO ♦Hamburg (State) 6s 1946 A O ♦Heidelberg (City) extl oI7H» Helstngfors (City) ext 6H« .1950 1960 Hungarian Cons Municipal Loan J J A O — 192,000 99"" 106" 18** 25 15** 18** L05** 106 30** 34** 30** 26 26 27** 96** 19** Sale F 102,000 Irish Free State external 5a..;.. 1960 J 4,481,000 Italy (Kingdom) external s f 7s 1951 M 335,000 Italian Cred Consortium 7s ser B 1947 Italian Public Utility • f g 7s 1952 J 1,304,000 .1954 F 5,310,000 Japanese Gov extl s f 6H' Extl sinking fund 5 Ha. 1965 M 4,531,000 ... A D 21** 26 15 31 13 205* Jan. 185* Jan. 215* Dec. 20 315* May 24 285* Aug. 2 2554 June 7 265* Oct. 5 6 13 19 Oct. 19 305* Aug. Dec. 27 Sale 30. 285* Dec. 27 23 Dec. 14 „ 295* 33 Dec. 2 35 29 295s Dec. 8 30 26 26 Dec. 29 22 26 25** Dec. 29 885* 87 19" 22 18** Dec. 1055* — 20 105 17** "18" 21** 48 L13 22 50 5* 120 85** 74** 67** Sale A 98 N 83 Sale Sale 8 J 280,000 ♦Jugoslavia (State Mtge Bk) 7s..1957 A O F A 43,000 ♦Leipzig (City) external a f g 7s. 1947 J D 18,000 Lower Austria (Prov) 75*s._.—.1950 ♦Medeilin (Colombia) 6H« 1954 J D 83,000 55,000 ♦Mexican Irrig Assenting a f 4 Ha 1943 MN 7,000 ♦Mexico (U S) external 5s of 18991 1945 Q J ♦Assenting 5a of 1899...—.1945 255,000 Q~i ♦Assenting 5s large— 276,000 ^ Q i ♦Assenting 5s small 15,000 27 Sale ----- — see nasre 245* 255* 235* 215* 3Ui 235* Jan. 21 2954 Oct. 22 8 295* Dec. 36 June 21 19 18 Dec. 30 Dec. 4 16 Dec. 22 Dec. 8 3 275* Dec. 2 265* Dec. 965* Dec. 14 1 1954 Dec. 18 .Dec. 16 104** Dec. 17 105 25 25 87 17 Nov. Nov. Dec. Mar. 155* Jan. Oct. 26 34 3 42 Aug. 19 Aug. 5 3254 Nov. 5 355* July 31 28 22 Oct. 21 30 1015* Aug. 4 23 25 Mar. 2 8 205* June 28 20 107 Mar. 10 Dec. 16 104 3054 3054 3054 18 Dec. 20 275* 1 625* 475* Feb. Ill Mar. 18 11654 655* Oct. 11 $3* — ♦Secured 8 f g 75*s—... -.1945 J J J ♦Secured s f g 7s ..1946 J MN 53,000 ♦Hungarian Land M.ua 75*s A..1961 •S f 7J*s series B 1961 M N 51.000 ...1944 F A 518,000 ♦Hungary (King of )75*s 314,000 For footnotes, ..... Bks— (Cons Agrlc Loan) 6^8 ser *S f secured 6s......... Sale 79** 71H 18 19 19** 25** 18 24 59** Ml* IV' 18 82 75 19 23** 195* 1954 59 18** Dec. 17 81 !fK 20 Dec. 8 18 Dec. 24 20 Dec. 8 18 Dec. 23 18 Dec. 23 18 Dec. 20 78 Dec. 28 82 Dec. 675* Dec. 31 9 83*4 Dec. 4 68** Dec. 18*4 60 57** 57** Dec. 28 62** 114 7 11454 11454 Dec Sale" 80 Sale" 78 Dec. 10 825* 65 Sale 60 80 75** 645* Sale 71** Dec. 24 30** 40** 425* 24 27** 67** Sale 66** Sale 20 40** Dec. 20*4 Dec. 98** Dec. 2 2 2 Dec. 1 92** 104 H 15** Sale '"§** "16** 9** 105* 77 < 42** 22 104** 6 2** 354 2** Sale 3** 4** — 22 104** 65* Sale 2** 3** 5; 25* 25* 35* 63 . 6 14 Dec. 23 Dec. 17 6 Dec. 7 Dec. 1 Dec. Dec. 22 43*4 Dec. 30 2054 Dec. 29 985* Dec. 20 7 Dec. 9 26 Dec. 24 1754 Oct. 18 1754 Nov. 65 57 8 Oct. 13 Nov. 26 675* Oct. 525* Oct. 2954 Jan. 195* Apr. 11 11 4 10 Mar. 22 Majr. 22 Mar 23 June 26 June 1 Feb. 4 15 Feb. 825* Feb. 23 8 1005* June 895* June 9 4354 Dec. 30 26 July 8 Mar. 19 1005* Aug. Jan. 55* Nov. 24 17 95 2 4 25* Oct. 15 7 554 June 85* Jan. 7 Feb 26 18 115* Jan. 115* Jan. 11 Jan. 2** Dec. 14 25* Dec. 14 3** Dec. 28 4 Dec. 10 3 Oct. 3 Dec. 21 Dec. 35* Dec. 10 45* Dec. 6 3 4 Dec. 21 Dec. 6 94 Mar. 22 4 8 fl 6 6 N. Y. STOCK EXCHANGE-BONDS JAN., 1938] 8-3 Sales for Bid 1954 1954 Assenting 4* of 1904 ♦ Assenting 4a of 1910 large ♦ Assenting 4a of 1910 small ♦♦Treat 4s of *13 assent (largo) 1933 •♦Small _T. ♦ 187,000 120,000 2,384,000 Milan City (Italy) Oxt loan 6H*X1952 Minas Geraes (State ♦Sec extl 1,143,000 1.048,000 s J n 7 J D 6)4 8H 754 Sale 11)4 t 12 % 70 54 72 A O M S of, Brazll)-2 f 6)4« 1958 27)4 27 2454 1947 1,099,000 ♦Pernambuco (State of) 7s.. 1959 1,529,000 ♦Peru (Rep) Sec a f g 7a._ ♦National loan ext a f 6s 1960 10.383,000 ♦National loan ext a f 6a......1961 5,813,000 1940 768,000 ♦Poland (Rep of) g 6s ♦8tabllls loan 7a of *37. Oct 15 1947 1,023,000 ♦External a f 8a..............1950 1,696,000 ♦Porto Alegre (City of) 8s ♦Extl loan 7>£s ♦S f gold 6a.. ♦Rio de Janeiro (City of) 8s.. 6)4« 301,000 1.452,000 690,000 1,896,000 3.139,000 27,000 16,0u0 1,473,000 2,194,000 743,000 72,000 17,000 628,000 984,000 91,000 ♦Roumania Sao Paulo ♦6)4«>xtl secured s Sale 11 5)4 Sale Prices Sale Prices Sale Prices Sale Prices 9 Jan, 21 2 954 Jan. 9)4 Jan. t8 \7 Jan. 7 8 10 Sale 10 Dec. 28 57 Sale 55 Dec. 101 58 60 56 101H 101 101 Sale 10054 107 Sale 100)4 Sale 107)4 105)4 Sale 109 106)4 107 104)4 ■Sale 103)4 Sale 103)4 Sale Sale 102 78 75 9954 102)4 19)4 65 60)4 5854 Sale 101)4 Sale "6l" 59 101)4 Sale 105)4 105 Sale 36 Sale 40 45 10 1154 10)4 10 H 11)4 Sale Sale 9 A O O 60 Sale 58 Sale A O 76)4 Sale 59)4 Sale 70 Sale 55 Sale 61 Sale 11 26)4 Sale O 95 19)4 19)4 F A 113 27 11)4 20 98)4 21 20)4 12 Sale" Sale 2654 30)4 Sale 24)4 Sale 11 12 10 Sale MN 26 10)4 Sale J D 22 A O 7254 F A 2554 Sale J 1952 M N f..........1957 M N 10)4 Sale Sale 16 10 9)4 Dec. 30 9)4 De<S. 29 58 Dec. 28 11 1 Dec. 23 58 Dec. 24 T* Dec. 23 Dec. 8 Dec. 7 6 iiH Dec. 54)4 Dec. 23 1 102 101)4 Dec. 56 2 105 Dec. 31 29 40 Dec. 29 ' 103 40 31 41)4 Dec. 3 36 8)4 Dec. 29 1 1154 Dec. 9)4 Dec. 28 9)4 Dec. 28 11 / 13 Dec. .7 Dec. 8 12 Dec. 10 12 Dec. 10 82 Sale 55 Dec. 1 Dec. 29 954 Dec. 29 2 95 Dec. 3754 Sale 30 20)4 27 23)4 33 10)4 12)4 1154 11)4 48)4 20 Jan. 1954 Dec. 19)4 Dec. 4 8)4 Dec. 29 Nov. 13 9)4 Dec. 28 11 9)4 Dec. 16 10H Dec. 24 8)4 Dec. 30 28 Mar. 11 2 Mar. 63 Dec. 27 45)4 May 11 13 Dec. id 10 11)4 Dec. 13 96 18 Dec. 1254 Dec. 16 8 11)4 Dec. 9 11)4 9)4 954 9)4 61)4 2 Dec. Dec. 29 Dec. 29 Dec. 29 Dec. 15 12)4 Dec. 70)4 Dec. 29 Dec. 3954 Dec. 14)4 Dec. 11)4 Dec. 12 Dec. 9 7 16 ' Nov. 27 107 Dec. 29 85 Dec. 31 76 27 9 2 30 10 17)4 25 13)4 Sale 24)4 33 76 Jan. 20 Dec. 29 954 Dec. 29 92 Jan. 106 20 5 2 15 10 12 9 11 ^9 Apr. 23 22 22 Jan. Jan. 3054 Feb. 27 28 Feb. 15 26 Feb. 15 26 Feb. 15 67)4 Dec. 28 82 Dec. 27 64 Feb.; 13 3354 Mar. 11 31 Feb. 23 16 100 Mar. 2 11 2554 Aug. 19 7 25)4 Aug. 19 7 113)4 Jan. Nov. 24 113 Oct. 8 31 15 14 Jan. 8 32)4 July 1 10)4 Dec. 24 34)4 Jan. 23 8)4 Dec* 30' 33 Feb. 26 11)4 Dec. 2 9)i Dec. 29 954 Dec. 29 954 Dec. 29 1154 954 Sale 10 Dec. 29 13)4 Dec. 9)4 Dec. 29 12 Dec. 13)4 Dec. 30 ,12)4 Dec. 29 19 15 10 8 60 40 Jan. 20 33 Jan. 21 32) 32] 83] Jan. Jan. 20 21 Feb. -3 Oct. 20 2554 Jan. 2 43 Nov. 20)4 Oct. 27 38 2054 13)4 10)4 Sale Feb; 25 34 ' 14 Dec. ' 10 Dec. 47 60 36 Sale 3 §8* Dec. 1 63)4 Sale Sale" Feb. Jan. 10554 Sept. 20 109 5 106)4 Aug. 101)4 Apr. 5 10454 Sept. 99)4 Apr. 95)4 Apr. 22 10254 Dec. 102)4 Mar. 10 104)4 Nov. 17 Mar. 18 July June 5254 Oct. 13 47)4 Oct. 19 7954 June 97)4 Apr. 15 103)4 Sept. Dec. Dec. Sale 6 82 104)4 Mar. 16 108)4 Sept. 36 103)4 Dec. 70 Sale Jan. Nov. 29 105 31 67)4 Dec. 28 10 9)4 954 Sale 13 100 1 9)4 Sale 12 13)4 Jan. 100 Dec. Dec. Sale 9 4 M 58 10)4 Sale 954 Sale 95H 98)4 2054 Sale 2054 21 19 19 28 19 Dec, 15 2 107)4 Dec. Dec. 7 107)4 Dec. Dec. 6 104)4 Dec. 11 Dec. Dec. 27 10354 Dec. 10 Dec. 29 10254 Dec. 15 Dec. 20 Dec. 20 1554 Sale Sale Sale Sale Sale 11 ..— 9 Dec. Dec. 21 Dec. 18 20 Nov. 26 104)4 Oct. A 1953 I 12)4 Dec. 11* 59 9 Dec. 107 Dec. 13 108 107)4 Sale 107)4 Sale 8 Dec. 7 109 10754 109 10754 Dec. 107)4 109 36)4 2454 Dec. 16 2454 Dec. 16 2254 36)4 24 28 D 2 17)4 Jan. 16)4 Jan. O J Dec. 6 Oct. 2)4 Oct. 1 )£ Oct. 354 Dec. 2)4 Oct. 2054 Dec. 24 2054 Dec. 28 21)4 11154 113)4 M S 9)4 99 O , 22 22 A 4 9 10 6 40 85 74)4 94 66 Dec. Dec. Dec. Dec. Dec. Sept. 9 8 68)4 Oct.. Nov. 26 105)4 Jan. 27 14 20 59 55 334 334 3)4 434 454 1 \ Dec. 10054 Dec. ; 1 101)4 105)4 Sale 107 106)4 10454 Sale 103)4 102)4 Sale 102)4 102 102)4 10154 10 2H 104)4 102)4 A J * 28 9)4 Dec. 30 9)4 Dec. 29 12 11)4 9)4 954 64)4 79)4 M N 13 ' 28 Sale 23 M S Dec. 29 59)4 Sale 25)4 Sale J 28 Sale 1054 Sale 7354 D Dec. Dec. Dec. Dec. 60)4 Dec. 15 20)4 Sale 20)4 Sale J 2)4 2)4 2)4 354 '64)4 Sale 645 105 69 (City of)— s f.......... ♦8s extl secured "63)4 Sale' 10554 106 S 1)4 F (Kingdom of) 7s.....1959 ♦Saarbruecken (City) a f 6a ~Tx 1946 A 1953 Rio Grande do Sul (State of)— ♦8s extl loan of 1921 ..... 29,000 Highest 59 24)4 99 1946 A O 962,000 ♦6sjextl> f g.. 1968 3,257,000 ♦7s extl loan of 1926..........1966 1,688,000 ♦7s Municlpal^loan .1967 729,000 Rome (City) external a f 6^a 1952 3.067,000 357,000 949,000 Lowest 4 3)4 3)4 2)4 27 72)4 D 1952 A 714,000 Queensland (State of) ext a f 7s.. 1941 25-year extl a f 6a.. Feb 15 1947 335,000 ♦Rhlne-Maln-Danube deb7a ser A1950 68,000 2,102^000 Ask "3)4 Sale Sale 18)J 76)1 S M J ..1961 450,000 196b 514,000 1952 238,000 Prague (Greater City) 7«a_. ♦Prussia (Free State) ext sf t)4..1951 486,000 sec M 12 J4 102)4 Sale 308,000 Panama (Rep) external 5)*a 1953 J D 102,000 ♦Extl s f 5s se* A. May 15 1963 M V 825,000 ♦Stamped (assented).. 1963 MN ♦Extl 1937 Highest 5)4 June 28 Ask Bid Bid Sale . 949,000 3,936.000 YEAR Lowest Sale J ♦Sec extl 8 f 6)4s 1959 M S 332,000 ♦Montevideo (City) 7s. 1952 J D 173,000 *6s series A 1959 M N 822,000 New South Walesext ■ f g 5a 1957 F A 703,000 External s f g 5s 1958 A 685.000 Norway 34-year ext s f 6a.Aug 15 1943 F 709,000 24-year external a f 6a. Aug 15 1944 F A 1,556,000 E*tl sinking fund 4)4s 1956 M. 8 3,083,000 External sink fund 4)4 • 1965 A 3,290,000 4s sf extl loan 1963 F 69,000 Municipal Bank ext s f 5s 1970 J 140,000 ♦Nuremberg (City) external 6a__1952 F 1,492,000 Oriental Development 6a 1953 M 8 1,120,000 External deb 5 1958 MN 985,000 Oalo (City) 4)4s extl sink fund..1955 A O 737,000 Ask Dec. 31 (Continued) *4l of 1904 1,813,000 2,549,000 Dec. 1 1937 FOREIGN GOV'T (Contluiei) Mexico 87,000 115,000 RANGE FOR Jan. 2 N. Y. STOCK EXCHANGE 1937 PRICES IN DECEMBER Price BONDS 12 Months 31 27 Feb. 15 10 Dec. 29 9)4 Dec. 29 8 3554 Mar. 2 3454 Jan. 21 San Paulo (State of)— ♦♦8a extl loan of 1921 1936 J J 38 ..1950 J ♦8s external J 35 Sale" ♦7s extl Water loan........... 1956 M S 28)41 2954 11 Sale ♦6s extl Dollar loan..........*. 1968 J J 28 Sale ................1940 A O 95 Sale 1054 45)4 Sale Sale Sec 8 t g 7s ♦Saxon State Mtge Inst 7s D 28 22 Dec 1946 J ♦SF g 6 1945 J D 32)4 2254 Serbs Croats 8c Slovenes (Kingdom) ♦8s secured extl 1962 M N 2554 26)4 2554 Sale ♦7s ser B sec extl 1962 M N ♦Silesia (Prov) extl sink fund 7s. 1958 J D ♦SUesian Landowners Assn 6s 1947 F A 53)4 30 92 Styria (Province of) 7s.......... 1946 F A Sydney (City) a f g 5 36s........1955 P Taiwan Elec Pow 54s .....1971 J A 104)4^104)4 J 73)4 Sale Tokyo City loan of 1912 5s 1952 External a f 5Xa guar.. 1961 201,000 Ttondhjem (City) 1st ext g 5 Ha—1957 ♦Uruguay (Rep) external ■ f 8s..1946 970,000 ♦Ext s f 6s 1960 4,247,000 ♦Exter s f 6s 1964 2,131,000 3^-4-4H % extl read) 1979 215,000 Venetian Prov Mtg Bank 7s..... 1952 29,000 Vienna (City of) 6a .......1952 1,322,000 ... 237,000 ♦Warsaw (City) external 7a......1958 1,091,000 Yokohama (City) extl a f 6s...,-.1961 1,172,000 M S A 72W O F A Sale 2854 A O MN 31)4 100 u Sale 52 ' Sale 69)4 6954 68)4 Sale F A 89 H 48 I D J D *4)4 Sale 10454 106 104)4 Dec. 2 *3 Dec. 16 10 Nov. 27 1 53)4 Dec. 10 4554 Dec. 43)4 Jan. 19 35)4 Feb. 19 34)4 Jan 25 98 Jan. 18 1 1 Jan. 28 25 June 29 22 Jan. 25 Feb. 25 Oct. 24 Jan. 31 31)4 5654 27)4 33 32 Sale 33 33 60 29 21 Dec. Dec. Dec. 21 4 10454 Dec. Dec. Dec. 31 61)4 Dec. 53 Dec. Dec. 31 10 29)4 Dec. Dec. 51)4 Dec. 27 31)4 100 101)4 103 60 5354 Dec, 24 Dec. 50 iV* 50 51 Sale 82 29 29 Sale 56)4 6454 Dec. 9 X Dec. 9 53)4 Dec. 52)4 Dec. 14 1 102 1 6554 10 65 100 5254 Sale' 02)4 Sale Sale 11 19)4 Mar. 23 53 Sale 77)4 Sale 93 44 12)4 Dec. 29 11 19 50 "73"" "96"" 13)4 Dec. 30 10 10)4 Dec. 4554 Dec. 48 69 , 20 1 95 94 MN Dec. Dec. 1354 Dec. Dec. 103)4 10454 103 10454 Sale 55 Sale 55 55 70)4 50 Sale 50 66 50)4 58 Sale 56)4 6454 Sale 68 M N M N 74 72)4 Sale 10054110154 M N 29)4 Sale 36 89 H Sale 55 11 19 25)4 30 19 Sale Sale Sale Sale 80 99)4 100 59 Sale 60)4 Sale 48)4 Dec. 29 53 Dec. 9 52 Dec. 10 33 49 9854 Aug. 88 7 21 21 June 21 7854 June 10 2 73)4 June Oct. 80)4 June 103 9954 Mar. 48^4 Nov. 46)4 Nov. 47 47 27 11 106 Oct. 49)4 Oct. 50 27 Dec. 33 Dec. 60 Dec. 39)4 Mar. 40)4 Mar. 28 Sept. 90)4 Jan. 101)4 Mar. 78 2 Dec. 99)4 Dec. "§ 100 1 62 Dec. 27 5254 Dec. 6 60 Dec. 23 67)4 Dec. 28 8 Mar. 9 28 7054 June 11 70 H June 11 72 Nov. Nov. 8it June Oct. Ju»y Nov. 16 Apr. 14 Sept. 7 Dec. 27 86)4 June 17 3954 Mar. 51)4 Oct. RAILROAD AND INDUSTRIAL COMPANIES. 6,362,000 ♦{♦Abltlbl Pow 8t Paper 1st 5s...1953 . 522,000 810,000 389,000 278,000 72,000 304,000 80,000 55.000 291,000 4,858,000 3.448,000 379,000 Adams Express coll tr g 4s......1948 M S Collateral trust 4s of 1907.. 1947 J D 4^8 stamped.. ......1946 F A Adriatic Elec Co external 7s.....1952 A AlaGt Sou 1st cons 5s set A......1943 J First cons 4s aeries B 1943 J Albany Perfrated Wrap Paper 6s. 1948 A 6s with warrants assented....1948 O "77)4 "80"' D 114 D 109 O 78 F Allegheny Corp coll tr conv 5s.. 1944 Collateral and convertible 5s ..1949 J ♦Collateral 8c convertible 5s... 1950 A < 1950 1998 A 4,400,000 1,337.000 •> 10454 5254 9354 49 90 90 92 89)4 Dec. 98)4 9954 82 m m 113 109'" 82 Sale W 67 103 H 10354 102)4 Dec. 54 Dec. 54 57 57 Dec. 57 67 98 ..... «• WW .97)4 "76 Sale Sale 96)4 Sale 64 Sale 60)4 Sale Sale 30 A O 65 A O Sale 102 112 100 Sale " 101 M S 93)4 M S 81 Sale 87 Sale Sale a 109 30 103)4 94 105)4 Sale Sale "29)4 31)4 Dec. Dec. 29)4 Dec. 80 82 84 96)4 Dec. 68)4 Dec. 60 37 45 Dec. 107)4 Deo. 10754 Sale Sale 91 94)4 Sale 84 80)4 8654 103 )4 Sale 10154 Sale 91 49 Dec. 28 109)4 Apr. 90 Dec. 3 17 3 29 9354 Nov. 27 106 Jan. 3 10554 Jan. Oct. 27 105)4 Sept t. 77)4 Dec. 13 76 Aug. 63 92 Dec. Dec. 90)4 Dec. 99 Dec. Dec. 31 109 o7 86 ^ 13 57 O 100 96 77 109 55)1 101)4 105 i\ 80 f deb 5s..........1953 J D American I G Chemical 5 Vis 1949 MN J Amer Internet Corp conv f Hi0—1949 I American Ice «• Dec. 28 3 Dec. 3 Dec. 21 90 51)4 D .....1942 M 8 441.000 Alleg Valley gen gu 4s I95® A O 485,000 Allied Stores Corp deb 4>4« 4^s debentures..; .....1951 F A 967,000 4,951.000 AlllahChalmera Mfg conv 4s......1952 M S 52,000 Alpine Montan Steel 7s......... 1955 9,121,000 Amer 8c Foreign Power deb 5s...2030 75 — 75 Albany 8c Suaq 1st guar 3 Xs_ ...1946 AO *58 stamped 11,000,000 129,000 Allegh 8c West 1st g gu 4s 760,000 61)4 Sale 91 8754 92 90)4 9654 Sale Dec. 31 109 2 10354 Dec. 23 101 51 Dec. 6 20 57 57 9 57 Dec. 9 Dec. 10 14 98 96)4 Dec. 2 29 68)1 z§* Dec. 21 59 29 68 37 Dec. 29 29 37 Dec. 11 29 Dec. 17 80 17 6 108)4 Dec. 23 !07 H E* Dec. 31 95' 82)4 Dec. 30 86 2 103 101)4 Dec. io4* Dec. 4 Dec. 11 Dec. 27 98 103 102 Dec. 9 Sale 5» 51)4 Dec. 28 60 57)4 Sale 7 96 96 97)4 Dec416 97)4 Dec. 96)4 97)4 102)4 Dec. 1 104)4 Dec. 10 104)4 Sale 102)4 Sale 3 92)4 Dec. 24 97)4 Dec. 9554 Sale 96)4 100 98 • 89)4 Dec. 11* • 5 99)4 Feb. Dec. 31 115 Nov. 24 110 Nov. 8 76 Nov. 10 74 Mar. 14 107 Dec. 29 101 Nov. 23 96 Dec. 29 93 Jan. Nov. Dec. 8 72 Jan. Feb. Jan. ? H 1 9 5 23 9 25 11 Feb. 2 Jan. Feb. 2 11 Dec. 17 102 July 9 Jan. 22 Mar. 17 112 Dec. 31 101 Jan. Jan. 25 27 Dec. 30 100 Oct. 19 105 Feb. Oet. 4 9 8 102)4 Sept. 3 93)4 Jan. 51)4 Dec. 28 87)4 Jan. 18 87 99 Jan. Oct. 86)4 Oct. 2 100 Aug. 11 19 109)4 Mar. 1 19 10654 Jan. 29 Amer Tel 8c Tel— 20-year sinking fund 5)i« 1943 MN 5,676,000 J f Convertible debentures 4)48.1939 J 4,520.000 A O 3Xs debentures..............1961 12,852,000 3Vis debentures— 1966 J D 12,120,000 J J 1,112,000 ♦Am Type Found s. f. debs 2J4-5s.l950 MN 671,000 Amer Water Wks 8c Elec 6s ser A. 1975 A O 5,517,000 Anaconda Cop Mln s f deb4X» ..1950 11154 Sale 112)4 112)4 11254 Sale 10054 Sale 100)4 Sale 100 171)4 Sale 10954 110)4 106)4 Sale Sale 11254 Sale 100 101)4 101)4 _ - — — Sale Sale 113 Dec. 1 112)4 Dec. 3 100 Dec. 27 100u»iDec. Dec, 101)4 Dec. 21 100 Dec. •1 101)4 Dec. 30 100 105 92 Sale 109)4 105 94)4 Sale 93)4 Sale Sale 104)4 10154 Sale 107 Dec. 8 95)4 Dec. 4 1 104)4 Dec. 31 Dec. 15 109 Dec. 15 101)4 Dec. AngloChilean Nitrate— Jan ♦Sinking fund income deb....1967 2,494.000 July 1995 Q J 295,000 tAnn Arbor 1st g 4s— M 8 87,000 Ark 8c Memp Bdge 8t Term 1st 58.1964 6,352.000 Armour 8c Co 4s s f ser B (Del)...1955 F A 2,929,000 *lst M Si 4s ser G (Del). -1957 J J For footnotes, see page 30. 3654 Sale 71 72)4 104)4 9954 Sale 30)4 37)4 Sale 2854 35 38)4 35 99 93 Sale 87 Sale 86)4 Sale "86)4 86 40 *. M «, Sale *» 283 303 93 853 853 Dec. 29 Dec. 29 Dec. 22 Dec. 1 Dec. 17 38)4 Dec. 43 2 Dec. 20 99)4 Dec. 27 87)4 Dec. 27 8754 Dec. 3 3 114 Dec. 27 113 111)4 Feb. 100 9654 Apr. 9654 Apr. 95 91 Oct. Oct. 9954 Oct. 23 Mar. Jan. 8 102)4 Jan. 2 10254 Jan. 3 7 4 4 19 200 Feb. 3 19 110)4 Jan. 23 19 107 Jan. 11 19 42)4 Mar. 11 74 Mar. 1 Dec. 22 105 Jan. 27 Oct. 30)4 Dec. 29 93 75)4 Nov. 24 100)4 Jan. 29 80 Nov. 24 99)4 Mar. 5 23 N. Y. STOCK Sales for 12 Months BONDS N. T. STOCK EXCHANGE 1937 Bid Atchlnson 6,679,000 197,000 1,932,000 107,000 634,000 48,000 3,057,000 1995 A O ...... Jnly 1 1995 No? July I 1995 M N Adjustment a 4s Stamped 4a Con? g 4s of 1999 Con? g 4s of 1905 Con? g4aof 1919.......... D 110 D 1948 J D 111 Sale Con? deb gold 4%a J I Highest Lowest Ask Bid Ask Sale Prices Sale Prices Sale Prices Sale Prices If S 1 109% Dec. 24 106% Apr. Sale 107% Dec. 107% Sale 109 Nov. 103% 102% Dec. 10 103% Dec. 26 100 104% 103 Oct, 10 104% Dec. 17 100 103 102% 103% 102% Dec. 102% 107 107 104! May4 105% Dec. 30 1033 Sale Apr. 105% 104% Dec. 105% Dec. 101 Dec. 24 101 Dec. 24 101 102 103% 100 4 106 Sale Dec. 31 104% Nov. Sale 106 104% Dec. Dec. 27 105% Dec. Dec.105 104% 103 8 103 105% Dec. 11 113 Dec. 114 Feb. 112 3 110 111% Ill 2 112% Dec. 14 110% Nov. Dec. 112% Ill 110% 111 116 99% 118% Mar. o J 97 J J J 104 88% Sale 82 75% 92 76 ' 34 29 27 D M N MN J J & 26 75 OK 30 95 102 M N A O Sale J D Sale Sale A O J D MN 101% 104 J J Sale J J 98 Sale Sale U 8 F loo" 11* 83 50 71 59 56 A 8 J I J Sale" J J D 115 77 % 104 J A J O J 120 H Sale 118 112 Sale 26 Sale Dec. 20 109% Feb. 74 30 26 57 60 57] 18 20 161 85 102 Sale Dec. 16 Dec. 28 43 59% Sale 58 Dec. Dec. 29 Dec. 7 Dec. 29 68% Dec. 29 Dec. 2 Sale 100 Sale "93" 126% Sale 109 111% Feb. "'9 Feb. 9 116 8 105% Dec. Jan. 8 20 Jan. 18 99 60 Jan. 7 Jan. 9 54 7 83 X Jan. 2 85 h Feb. 107% Jan. 12 Oct. 74 Jan. 104 Sept. 18 Dec. ~ Nov. 9 Dec. 2 Dec. 2 Dec. 9 Dec. 10 Dec. 4 Dec. 8 Dec. 6 Dec. 9 Dec. 13 Dec. 9 Dec. 1 Dec. 3 Dec. 3 Dec. 3 Dec. 11 Dec. 8 Dec. 17 r 108 Jan. 10 Feb. 3 July 28 113% July 21 1 118% Mar. 106 Dec. 29 55 109 72 9 105 99 Dec. Dec. Dec. Dec. 31 76% Dec. 29 37% Dec. 28 78% Dec. 28 Sale 78 37 29 Jan. 114 99% Nov. 85% Nov. 73% Nov. 86% Dec. 92 If* Si* Jan. 108 111 107 Dec. 97 6 110 Oct. 85 Sale Sale Sale Sale 74 2 Dec. 28 Dec. 31 Dec. 13 Dec. 6 Dec. 6 86% Dec. 30 77% Sale Sale Dec. 1 Dec. 88 Sale Sale Sale Dec. 27 Dec. 18 88 2 5 5 Jan. Jan. Jan. 8 102 73% Nov. 37% Dec. 78% Dec. Dec. 43 67% Nov. 105 51 107% 99J 93i 82: Nov. Nov. 50 36% Dec. 30% Dec. 37 Dec. 111 Apr. 103 Apr. 100 93] 4 22 8 20 18 Jan. 5 Jan. 25 Jan. 10 Mar. 10 Jan. Jan. Jan. Mar. 116 Jan. 78] 103 i Feb. 23 Feb. 15 121 119 Jan. Jan. 110] Nov. Oct. Dec. 23 115% Apr. Mar. 127% Dec. 15 120 117% 117% 117% Dec. 127% Sale 126% Dec. Jan. Jan. 116 3105% Nov. 60 101 69% 108% 94% 116% 103% Jan. Jan. Jan. 131 18 25 2 21 20 2 103 gtd g 3K« 1943 1 J 256",000 'Berlin City Electric deb 6^8 1951 J d ♦Deb sinking fund 6^8.......1959 F A 233,000 .......1955 A 76 81 76 97 103 - 52% Dec. 29 36% Dec. 29 Sale 31% Sale 30% Dec. 28 Sale 37 38% Sale /Dec. 28 Sale 112 112% 111% Dec. 11 105) 106% 104% 108% 104% Dec. 18 J A O Sale Sale 44% Sale M Sale 100 Sale 102 cons ♦Debenture 6s iisB 100 M 8 116 112 }§§& J "26" ~23% 108 24 21% 16 24 25 Sale O 22% 23% 16 24 3 26% Dec. 22 25% Dec. 3 .22% Dec. 28 21% Dec. 21% Dec. 16 23% Dec. 23 Mar. 13 18% Jan. 12 18% Mar. 16 20 28 27 Aug. 21 Aug. f. 6 26% Aug. 13 Berlin Elec Ele? Ac Undgrd Rys— 94,000 5,859,000 8,266,000 ♦1st 6Ms 1956 A O Bethlehem Steel 4%a series D...1960 J J Cons mtge 3H> series E.......1966 A O 21.000 Big Sandy Ry 1st mtge 4s.......1944 J 4,838,000 3,111,000 1,731,000 910,000 3.166,000 1,514,000 217,000 2,956,000 8,925,000 ( 88,000 1,604",000 D 1st mortgage 5s 1st g 23 % Sale 99% iale 20 100% 92% M N J D M N F A J A 345,000 Buffalo Gen Elec 4H* ser B 10,000 Buffalo Niagara Elec 3H* ser C..1967 J D 3.825,000 Buff Roch At Pitts cons 4%a 340,000 *{♦ Burl Ced Rap At Nor 1st 1957 M N 1934 A O As ♦Certificates of deposit.........._ 254,000 88,000 {Bush Terminal Co 1st 4s......1952 Con sol 5s .............1955 1,295,000 1960 1,277,000 {Bush Term Bldgs 1st 5s gu 681,000 Calif Packing con? deb 5s......1949 Dec. 29 Dec. Sale 44% Dec. 29 Sale 40 11 12 10 Sale Sale 44 49% 102 Sale Sale 57% Sale 44% Sale 78 113 122 106 131» 105% Sale 108 % 109 106 % 106 103 % Io§" "79" Sale 24% Sale 48 Sale 8 29% 88 75 Sale A O J J 104% 104 % ♦1st 7s ctfa of deposit .....1942 A O Canada Sou con gu 5s ser A.....1962 A O Canadian Nat gold 4^8 J 1957 J 35 % Sale 118% 119% 115% Sale 118% 118% 120 % Sale 61% 63 8% 83 40% 49% 103% 91! Feb. 40 Dec. 851 Mar. 11 11% Dec. 9% Dec. 8 2 8% Dec. 5% Dec. 34 41 \ Feb. 10 Mar. 4 Dec. 1 6 41] 44% Dec. 28 Dec. 1 100 Sale Sale 10 Sale 87 45 60 73 Sale 110 Dec. 16 74 106 65 110% 110 106% 41% Sale 8 olX 10 9 80 85% 38% Sale 53 104 61 Dec. Dec. 8 7 79 79 Dec. 1 95% Dec. 2 Dec. 13 1 106 Dec. 21 111% Dec. 1 101! 83 Jan. 10 Jan. Jan. 20 2 22 0 5 Dec. Dec. 115 132 • 122 106 109 Dec. Dec. Jan. Jan. Jan. 9 Dec. 22 8% Dec. 30 83 37 53 Dec. 29 Dec. 28 Dec. 14 104% 103% Dec. it* 10 83 44 Dec. 4 Dec. 10 Dec. 17 Aug. 80 Feb. 10 112% Nov. 15 39% Dec. 93 9 Nov. 32 7 Nov. 31 Dec. 29 83 Dec. 37 Nov. Dec. Dec.' 18* 10 66 Dec. 23 3 104 Dec. 20 53 2 107 102 103% Apr. 100 Aug. 108% Apr. 104% Oct. 39% Dec. 39 4 18 4 Mar. Jan. Jan. Jan. 1053 100% Dec. 65 87 28 104 39% Dec. 97% Apr. 44% Dec. 55 Aug. Dec. 1 108% Dec. 21 Dec. 4 100% Dec. 11 106 87 Dec. 93% Sale 105% 106% 105% Dec. 8 Mar. 44% Dec. Dec. 31 Dec. 23 90 41 8 6 Dec. 24 74 8 2 0 8 106 74% June 25 19 99% Jan. Jan. Mar. 31 112 Oct. Dec. Dec. 1 Dec. 25 Nov. 23 106% Jan. 54% Dec. 53 49 39% Dec. 22 102 76 Sale 105% 90 27 Dec. 28 8% Dec. 29 5% Dec. 29 6 Dec. 28 Sale 107% 110 108% 103% 108 95% Sale 105% Sale iu% 41 ik* 60 66 o j Mar. 12 Sale Sale 1966 M M Bklyn Manhattan Transit 4H*-.1966 M N M N 8 23 20 Dec. 23 Dec. Dec. 10 100% Dec. 31 99% 7 93 Dec. 24 89% Dec. 2 107% Dec. Dec. 2 107 52 Sale 3)4s Bklyn Queens Co At Sub gtd 5s..1941 M N 1st 5s stamped 1941 J J Brooklyn Union El 1st As........1959 F A 22% 99% 92% 107% Sale 1961 A O cons mtge 100% Sale 92% Sale — $ ♦Boston At NY Air Line 1st gu 4sl96A F A ♦{♦Botany Cons Mills sec s f 4%sI934 A O ♦Certificates of deposit........... A G Brooklyn City RR 1st 5s ....1941 J J Bklyn Edison Sale Sale 112 series 11......1955 M N 494s series JJ J 1981 F - 21% 105 Boston At Maine 1st 5s ser AC...1967 M S 1,380,000 Brooklyn Union Gas Co 1st g 5s.1945 1st lien At ref 6s ser A 1947 312,000 Debentures gold 5s ..........1969 1,639,000 1st lien At ref 5s series B.......1967 2,210,000 ..1950 508,000 Brown Shoe s f deb 3Ha 57,000 brunsw At Western 1st gu g 4s...1938 : Bid J ... 1 109 J 3 .... Belrldere Del D 1965 J 1965 J ...1949 J 36,000 Baldwin Loco Wks 5s stpd.i«...1940 ....July 1948 6,213,000 Bait At Ohio 1st g 4s Refund At gen 5s set A... 7,103,000 ..1995 1st gold 5s ...J July 1948 5,100 ;000 Refand gen 6s,seriesG.......1995 4,876,000 P L E At W Va Sys ref g 4s 1941 2,386,000 Southw Dl? lstSfes at B% ....1950 3,737,000 Tol Cln Dl? 1st Ac ref 4a ser A..1959 646,000 4,469,000 Refunding 5a series D 2000 Con? g 4Hs 1969 15.465,000 Ref Ac gen 5s series F 1996 6,225,000 X 171,000 Bangor At Aroostook RR 1st g 5s *43 Con ref mtgc gold 4s.. ..1951 390,000 4s stamped...... ......1951 660,000 44,000 Battle Creek At Sturgls gu As....1989 22,000 Beech Creek Exten 1st g 3%*.. .1951 1948 li082,000 Bell Telephone of Pa 1st As B First At ref 5a series C 1969 857,000 244.000 1937 Highest Lowest Dec. 31 Topeka 9c Santa Fe— Gen g 4s. 174,000 Rocky 1ft dl? 1st 4s A ......1965 Trans-Cont Short Line 1st 4s gl968 280,000 Cal-Arlz 1st lci«f4H( aer A ...1962 482,000 3,000 A tl Knox 9c No 1st g 5s 1944 98,000 At! Ac Char Air Line 1st 4%s A.. 1944 1st 39-year 5s aer B 313,000 .1944 4,163,000 Atl Coast L 1st cons 4s.....July 1952 General unified 4M* series A—1964 3,322,000 10-yr coll tr 5s May 1 1945 2,243,000 L Ac N collat gold 4s Oct.. 1952 1,863,000 909,000 Atlantic 9c Danrllle 1st g 4s .....1948 Second 4s 1948 284,000 548,000 Atl Gulf Ac WI 88 Line coll tr 6s.l959 164,000 {♦Auburn Auto'blte con? deb 4%a *39 140,000 Austin At NW 1st g As guar 1941 V YEAR * Dec. 1 Ask RANGE FOR PRICES IN DECEMBER Price Jan. 2 1937 EXCHAJtfGK-BONDS 11® 102% Oct. Oct. 20 Feb. 4 Feb. 19 Mar. 0 Aug. 19 Jan. Feb 20 4 May 19 Camaguey Sugar Co— 1,390,000 575,000 1,497,000 1,077,000 1,195,000 276,000 511,000 1,390,000 1,177,000 Guaranteed gold 5a. Guaranteed g 5s.. Guaranteed g 5s J J A O 1970 F A July 1969 .....Oct 1969 Guar gold 4%a June 15 Guar g 4%a Guar g 4)48--X 831,000 Canadian Northern guar 6H> 8,353,000 Canadian Pac 4% deb stock.... 1955 J D 1956 F A 115% 116 J J J 127% Sale 98 % Sale 103 i Sale 115 Sale 109 % 105 H Sale Sale 105% "HI 110% HI 105 106 J D F A 37 78 % MN O A O 21 J D J J J S 29H 23 26% 19% Sale 23% 30 173 180 S 86 75 112 Sale Sale 104 92 Sale 8 ..1987 1987 112% 108% 109% .....1949 Through St L 1st gu g 4s.....1954 Guar M N 80 M S M N M 8 MN F A J J J J J J J J M 8 HiB $ 86 45 Dec. 9 63 IS* 23 72 Dec. 1 19 Dec. 29 65 75% Dec. 24% Dtg;. 12% 7 7 Sale Sale* 25 10% Dec. 29 5 Dec. 28 4% Dec. 29 Dec. Sale 27 Sale 12 Dec. 30 10 Dec. 23 10 Dec. 23 Dec. 16 96% Sale "73% Sale 98% 88 U6^ 123 Sale "51" 41 Sale 30 27 27% Sale 98% Sale 96] 104 "71% 97 Sale 68 Dec. 16 102 Dec. 16 69% Dec. 21 106 4 Dec. 98 Dec. Dec. Dec. 21 Dec. 15 8 106% Dec. Dec. 14 45% Dec. 29 37% 1 Dec. 30 Dec. 1 100 Dec. 14 98 Dec. 29 78 1 9 Dec. 10 Dec. 11 Dec. Dec. Dec. Dec. 10 21 14 10 93 69% 122% 116 Sale 58 105 Dec. 23 116% Dec. 2 Dec. 66% Dec. Dec. Sale 106" 105% Dec. 118 Sale Sale 118 Sale 94 Sale Sale 93% Dec. 108 8 105% 1 106% Dec. Dec. 2 121 Dec. 108 Dec. Dec. 1 96% Dec. 1 96% Dec. 106% 113 109 Jan. 19 115: Oct. 19 110 19 105 Oct. Nov, 6 Nov. 24 Nov. 24 Dec. 27 Dec. 9 Oct. 71 Oct. 9% Apr. 5 Dec. 4% Dec. 83 105% W 93 113% Dec. 28 113% Dec. 28 12 29 0 14 5 13 11 2 6 9 8 June 7 Jan. 11 Feb. Jan. Mar Jan. 3 2 8 13 July 3i Jan. 11 Jan. 18 97% Aug. 20 40 Jan. 12 May 24 36% Mar. 0 23% Mar. 8 23% Mar. 8 §18 25 22 13 Jan. 22 Mar. 8 Jan. 28 Jan. 21 Feb. 2 Jan. 14 12 Dec. 40 24 Dec. 30 102 103% 112 55 69% Sale 69% 60% 106 105% 107 Wo* 106 98 96% 96 106% 106% 45 Oct. 18 12 102 18? illi Nov. 29 105 70% Nov. 14% Dec. 10 7 9% Dec. 6 9% Dec. 2 Jan. Mar. 18 118% Jan. Jan. Mar. 17 121 Jan. Mar. 23 121 Apr. 6 118% Jan. Mar. 17 116% Jan. Jan. Mar. 22 116 Jan. Oct. 19 128 Jan. Oct. 19 99] 6 23 13 28 42 119% Jan. Mar. 22 116 118 60 19 Dec. 6 1 116% Dec. 8 Dec. 13 119 Dec. 18 2 118% Dec. Dec. 6 7 116% 115% Dec. 29 116% Dec. Sale 1 113% Dec. 17 114) Dec. Dec. 9 113% 113% Dec. 17 113 6 125 Dec. 8 124% 123% Dec. Sale 14 87% Dec. 6 1 101% Dec. 21 102% 2 114 Sale Dec. 13 Sale 30 102% Dec. 1 Sale Dec. 8 96% Dec. 15 98 55 Dec. 14 50 Dec. 14 50 3 101% 101% Dec. 10 101% Dec. 108 107% Dec. 16 108% Dec. 13 90 Dec. 83 Dec. 27 3 Sale 59% 11 10IH MH Oct. 8 119 11% 90 118 115 HI Dec. 116% 115% Dec. ill* 13 114 25 95 125% Sale" 93% Sale 107% Sale 108% Sale 127 128% 102% Sale 102% Sale 110J 111 Dec. 20 MN Central Steel 1st sink fund 8s.._1941 MN Certain-teed Prod a f g 5%a A.. .1948 M 8 113 102% 101% 107% 107% 87% 80 u 66% 56 21 % Central of N J gen g 5s. General 4s ass page 60 26 A "63% "64" For footnotes, 107 38 {♦Central New Eng 1st guar 4a.. 1961 Champion Pap At Fibre deb 4Ha. 1950 Ches At Ohio 1st cons g 5s ....1939 General gold 4Ha ....1992 Ref & impt mtge 3%a aer D 1996 Ref At lmpt mtrte 3%a ser E 1996 Craig Valley 1st g 5s May 1940 Potts Creek Br 1st 4s......... 1946 R At A Dl? 1st con g 4s........ 1989 3d con gold 4s.............1989 Warm Springs Valley 1st g 5s .1941 l6I% 82 34% 21% Sale 104% May 1 1942....... Sale 31)| mil 5s extended to Sale 104 Sale 72 108% ♦♦Cen Sale Dec. 8% Dec. 29 Al* Dec. 2 107 Dec. 9% Sale 105% 112 118% 116% 116 Sale 114% 113% 113% 124 124 A 104 5s...________...io„^£2^f960 RR At Bkg of Ga col tr 5s21937 86 Sale 100% Sale 101% 110% 111% 113 102% Sale 100% 97 96% Sale 91% Sale Cent 111 Elec At Gas 1st 5s... 1951 Central Illinois Light 3%a..._._1966 Cent Pac 1st ref gu g 4s Sale 106 55 F ♦Macon At Nor Dl? 1st g 5s.....1946 J 11,000 ♦Middle Ga At Atl Dl? pur m 5s. 1947 J 50,000 ♦Mobile Dl? 1st 6 5s ......1946 J 51,000 594,000 Central Foundry 1st mtge 6s....l941 M General mtge 5s ....1941 M 409,000 161,000 Cent Hudson G At E 1st Ac ref 3%« '65 M 285,000 1,087.000 2,394,000 323,000 3,423,000 69,000 3,685,000 250,000 30,000 270,000 2,493,000 611,000 1,140,000 1,179,000 3,562,000 2,843,000 9,000 6,000 101,000 25,000 3,000 118% 116% Sale 1946 J 1947 256,000 Celotex Corp deb 4)4 s w w 1948 372,000 ♦Cent Br Un Pac 1st g 4s... 32,000 {♦Cent of Ga Ry 1st g 5s...No?. 1945 ♦Consol gold 5s ......1945 2,048,000 ♦Ref 9c gen 5%a series B 1959 1,198,000 ♦Ref At gen 5s series C ...1969 2,455,000 ♦Chat Dl? pur money g 4s 1951 121,000 1,775,000 118)1 1951 M S Collateral trust gold 434s 1946 M S 1,528,000 5s equip trust ctfs 1944 J- J 827,000 Collateral trust g 5s 1954 J D 1,892,000 Collateral trust 4H< J 1969 J 2,753,000 39,000 {♦Carolina Central 1st gu g 4s.. 1949 J J Car©Clinch At Ohio 1st 5s ..1938 J D 451,000 1st At con g 6s series A.Dec 15 1952 J D 707,000 248,000 Carriers At Gen Corp deb 5s w w.1950 MN 1981 J D 136,000 Carthage At Adlr 1st gu g 4s v 120% 121 10 113% 115% 118% 118% 116% 114% 113% !23% Jan. 31 10 18 Dec. Oct. 23% Jan. 90 Oct. 34 244 60% Dec. 102 90 Apr. Oct. 100% Mar. 109 104 108 Feb. Jan. Mar. 8 Jan. 11 Jan. 20 38 28 Nov. Oct. 75 25% 93% 97% 66% Nov, Nov. Dec. Nov. 78 108 104 Mar. Nov. Dec. 92 July 125% Jan. 88 76 116 55 88 112 95 Oct. Jan. Jan. Jan. Mar. 10 108 109 109% July 115 108 108% Sept. Mar. 128% 102% 102% 111 111% 120% 12 2 Feb. 11 Jan. 5 Jan. 7 Jan. 4 Jan. 4 Jan. 4 Jan. 20 Jan. 18 Jan. 19 Jan. 29 Oct. Nov. Mar. Nov. j2% Oct. 107% Aug. 105% Oct. 108 Apr, 104% 105% 116% 3% 0 5 8 2 JAN., 1938] N. Y. STOCK Sales for N. 7. STOCK 1937 Dec. 1 1937 O Ask Sale Bid % Sale J 109 H 105 Sale J 112% Sale 115H Sale 107 % Sale S F A 114 F A 118H A O 99 105 37 % Sale 34 % Sale 122 H ....1949 A ........... MN M N 57 Sale 319,000 {♦Chic Indlanap 8t Loulav rf g 4al947 67,000 ♦Refunding gold 5a aer B......1947 J 164,000 ♦Refunding 4a aarlaa G 1947 J •lat It general 5a aarlaa A......1944 MN 1,286,000 ♦lat 8c gen 4a aarlaa B J 833,000 May 1944 J J 288,000 Chic Indiana 8t Sou 54-yr 4a ...1954 D 19,000 Chic L 8 at Baat 1st 4 Ha 1949 J 2,160,000 ♦Chic Mil at St P gan g 4s aer A..1989 J ♦Gen g 3%s aeriea B 190,000 May 11989 ♦Gen 4%s aeriea C J 1,616.000 May 11989 J ♦Gen g 4%s aeriea B 584,000 May 11989 ♦Gen 4Ha aeriea F J 347,000 May 11989 A 30.026,000 {•Chic Mil St P8t Pac mtgef a aerA1975 ♦Con* adj 5a 33,096,000 Janl MM A O 1,093,000 {•Chic A No Waat gan 3%a 1987 MN •General 4a 1,176,000 1987 MN 223,000 •Stpd non payt Fad Inc tea. 1987 MN 408,000 ♦Stpd gen 4%a non-pay Inc tax 1987 MN •Gen 5s stpd non pay Inc tax. 1987 MN 1,955,000 •General 4%s stamped........1987 MN 27,000 1,306,000 ••15-year secured 4Ha 1934 M S •lat at raf g 5a.. 1,867,000 ..May 3437 J D •lat at raf 4Hs stamped..May 3437 J D 4,119,000 •1st at ref 4 Ha aer C. ......May3437 J D 3,535,000 41 44 38 Sale 22 % Sale .....1949 MN ♦Conv 4%» aeriea A. Ask 27 106% Sale 110% Sale 42 H YEAR Sale Prices 105 Sale 109 % Sale 105 16 Sale 92 14 16% 107 18 110 SUe 13 % 13 13 % 16% 20 Sale 6% Sale Sale 92% 93 110 29 Sale 26 Sale 33% Sale 10 H Sale 45 % 46 30% Sale 33 30% 30% 32% 10% Sale 3% Sale 16% 18% 49 20 66 68 65 H 67 69 70 Sale 49 H 48 Sale 50H 51H Sale 1937 10% 10% 20 11 "5% 20% 28% 26% 8 Dec. 8 Dec. 6 9 a07 Oct. 6 107 19% Dec. 6 15 Oct. ;"D~ec. Dec. 10 13% Dec. 13% Dec. 7% Dec. 7% Dec. Dec. 28 Dec. 24 9% Dec. 28 3 Dec. 28 Dec. 28 14 16% Dec. 29 18 16 16 Dec. 20 Dec. 29 Dec. 28 16% 18% 9% 8% 8% Sale Dec. Dec. Dec. Dec. Dec. 5 19 45% Mar. 6 19 Jan. 51% Mar. 8 11% Dec. 28 6 13 4 4 10% Nov. 26 5% Oct. 19 5% Dec. 20 2 Nov. 27 Nov. 19 110% Apr. 29 28 24% Dec. 29 25% Dec. 29 25% Dec,/29 21% Sale 7 27 18 93 11% Sale 10% Sale 10% Sale Sale Dec. 18% Dec. Dec. 28 25 "23"" Sale Sale Nov. 24 i. 21 101% Nov. 27 116% Jan. 25 104% Nov. 24 119 Jan. 13 88 Nov. 26 101% Apr. 1 Oct. 10 19 46% Mar. 90 15 1 113% Jan 107 Dec. 28 Dec. 29 o 8 f:i| 117% Jan 107% Dec. Dec. 27 5% Dec. 29 5% Dec. 20 8*5* 'Is0* Sale Prices Nov. 24 i. 58% Jan. Nov. 18 110 Feb. 22 104 Dec. 29 11% Dec. 28 13% Dec. 6 20 21 Sale 1 105% Dec. 23 1 110% Dec. 30 Dec. Highest Sale Prices 1 110% Dec. 31 1 109% Dec. 27 Dec. 9 90 8% 15% Sale 14% 14 15% Sale 108 109 % 107 15 16% Sale Sale 16% Sale Sale Sale Prices 30 Dec. 9 1 108% Dec. 23 Dec. Sale Sale Lowest 25% Dec. 29 105 Sale 109 23H 106 110% 111% 62% Sale 55% 56% Highest 107% Dec. 107% Dec. 101% Dec. 107% Sale \Qr\* 49 48 56 % 35 33 H 34 17 % 26 Lowest 105 MS 22H Dec. 31 Ask Bid 26 Chic Burl ft Q 111 Dlr 1M« 1949 J .Uinola Division 4a............1949 J General 4a 1958 M Ohlc & Alt RR ref g 3a lat & ref 4%a aartaa B 1977 lat ftc raf 5a aarlaa A 1971 1,260,000 4,107,000 ♦{♦Chic 8C B III lat cona i 4a 1934 11,282,000 {♦Chic 8C B 111 Ry (haw co) ft 5a ..1951 ♦Certifiestaa of deposit......... 3.144,000 241,000 Chic 8t Brla lat iold 5a 1983 12,736,000 {♦Chic Gt Waatern lat 5t-yr 4a...1959 22,279,000 RANGE FOR Jan. 2 EXCHANGE Bid 1,289,000 1,232,000 711,000 2,680,000 1,432,000 S PRICES IN DECEMBER Price BONDS 12 Months 33 EXCHANGE—BONDS 30 29 29 29 28 Dec. 28 31 Dec. 27% 33% 33% 33% 13% 4 Dec. 28 Dec. 2 29 Dec. 8 29 Dec. 9 29 Dec. 8 24 Dec. 28 Dec. 4 19 Dec. !i* 22 Dec. ~ 8 Dec. 16 Dec. 6 23% 16% 24% 13% 13% 13% Dec. 9 Dec. 30 Dec. 8 Dec.* 8 Dec. 8 Dec. 9 8 25 Dec. 8 8 19 19 28 16% Dec. 29 18 Nov. 8 16 Dec. 29 16 % if Dec. 28 16% Dec. 30 18% Dec. 29 9% Dec. 29 8% Dec. 29 8% Dec. 28 Dec. 28 5 ♦{♦Chicago Rya lat 5a stamped 1 1937 25% part paid..... 1927 F 146,000 7,248,000 {♦Chic RI at Pacific gen g 4s.... 1988 J Feb ♦Certificates of deposit....^ 352,000 8.881,000 1934 ••Refunding gold 4s •Certificates of deposit..... 4,934,000 ••Sec. gold 4H» series A...... 1953 6,084,000 ♦Certificates of deposit..... 1.796,000 •Convertible gold 4 Ha........ 1944 8,396,000 1951 132,000 Chic S L at N O gold 5s Gold 3 Ha 10,000 'one 15 1951 1951 129,000 Memphis Div lat 4s... 1940 865,000 Chic T H at 8'east lot 8t ref 5s ...... ... 574,000 Income guar 5a A J 44% 20 A 0 MS MN 20 % 18 H 20 % 18 % 10 % 50% Sale 38 47 Sale Sale Sale Sale Sale 9% 7% 9% 8 Sale Sale Sale 9 5% Sale 100 J D J D J D 97 J D 98 H Sale 68 75 87 Sale 50 56 1944 M 8 ...Dec 1 81% 82 * 41% Sale 113% 94% 90 98 80% ilH \lu 16 18 §* Sale 0? 7 8H Sale 7 4% ..... Sale 4% 94% 41% Dec. 28 47% Dec. 41% Dec. 28 16 20% Dec. 18% Dec. 16 Dec. 28 15% Dec. 29 8 Dec. 28 6% Dec. 28 7% Dec. 29 6% Dec. 29 4 Dec. 29 Dec. 13 90 10 8% 9% 8% 5% 90 Dec. Dec. Dec. Dec. Dec. Dec. 13 86 6% 80% 72% 54% Sale 90 68 Dec. Dec. 50 15 5 v 16 6 6 Mar. 6 Mar. 6 Feb. 18 Jan.8 Mar. 19 Dec. 13 Sept. 27 Aug. 25 Dec. 15 72% Dec. 23 68 60 July 21 Jan. Feb. 11 16 Feb. 48% Nov. 24 Dec. 27 16 Mar. Oct. 90 26 Jan. 6% Dec. 29 4 86 66 Jan Jan. Dec. 28 19 19 19 Oct. 19 15% Oct. 7% Oct. 6% Oct. 16 Chicago Union Station- 471.000 594,000 2,945,000 1,511,000 2.955,000 3.081.000 1,303,000 55,000 2,117,000 98,000 12,000 Guaranteed 4s.. 105% ........... lat mtge 4s series D lat mtge 112% 113 110% Sale 108% 109 ......... 3%s aeriea E......... 3%s guaranteed.... Chicago 8c Western Indiana 4a.. 1st 8c ref mtge 4%s aer D...... ...... Child* Co deb 5a......; 107 % 105 % 93 .... Sale 38 {•Choc Okl at Gulf consol 5a.... Cine Gas 8t Elec lat mtge Sale Sale 104% 104% 3H« lat mtge 3Ha.... On Lab 8t N lat con gu g 4a 1943 MN 108H 107 % 105 % 106 106 Dec. 18 107% Dec. 109% 109% 109% 109% 109% Dec. 14 110 Dec. 6 Sept. 3 Jan. Dec. 30 104 % Sale 104% 105 103% Dec. 10 105% Dec. 8 Sale 99 Sale 3 100 96% Dec. Dec. 27 81* Sale 9n 94 93% 91% Dec. 18 94% Dec. 1 64 % Sale 56 58 Dec. 11 55% Dec. 29 68 15 10" Sale 15 Dec. 31 15 34% Dec. 31 102 Sale 103 % Sale 102% Dec. 103% Dec. 31 Sale 106 106 107 Dec. 105% 107 Dec. 23 Jan. Jan. 7 18 5 Jan. 9 106 Sale 100% —- 109 Sale 106 Dec. 1 109 101% lat mtge g 5s aeries C guar 1957 lat mtge guar 3%a aeriea D....1971 6,000 Clearfield at Mahon lat gtd g 5a. 1943 947,000 C C C at St L gan g 4a 1993 General 5s aarlaa B 1993 22,000 5,318,000 8% 108H 26,000 48,000 20,000 28l"666 1,169,000 2,605,000 3.782,000 101 Sale 107% Sale 107% Dec. 27 109 Dec. 107% Sale 104% Dec. 4 107% Dec. 100% Dec. 3 89% 90% 83 90% Dec. 24 102 W ioi x 104 * 109 74 i Sale 1021 Sale ..... 85% 86% s 104 Apr 15 108 ' Sale Sale Sale" Sale Sale Sale 91% 65 S966 1st sf g 4s.1946 1943 ^Copenhagen Telep extl s f g 5s.l954 Crane Co s f deb 3%s .....-1951 Crown Cork 8c Seal s f 4s........1950 Crown Willamette Pap lstaf g 4s 1951 1st mtge 3H* Container Corp of Am Deb gold 5s For footnotes, sea pac* Sale Sale Sale Sale 96% Sale Sale 113% 108 % 109 Sale 106 Sale 95% 99 % 104H Sale 104% 109% 107% 108 H ----- 102% Sale Sale Sale 101 104 107 Sale 106% Sale" 107% Sale 104 % Sale 104 Sale 19 % 106 % Sale 20% 31 107% Sale 95 % Sale 106 % 36 34 H Sale Sale 36 15 18 15 106% Sale 95% Sale 99% Sale 95 94% 101 107 107 107H 105 Jan. 18 107 97 15 31 Sale Sale 21% D~ec~.~28 i05 100 Dec. 100% Dec. 97 90 Dec. 66 Dec. 29 100 59 40 Dec. Dec. Dec. 96% Dec. 10 1 100% Dec. 3 63% Dec. 49% Dec. 21 97 93% Dec. 92% Dec. 91 Dec. 111% Dec. 90 109 104% 90 Jan. 9 110% Dec. 13 111% Dec. 30 105 Dec. 1 106% Dec. 24 94 Dec. 29 9 96% Dec. 99 101 101 Dec. 1 100 Dec. Dec. 29 102% Dfec. Dec. 7 101 Dec. 107 105 Dec. 4 8 110% Dec. 13 102 106 9 Apr. 98% Nov. 26 99% Mar. 18 101 Dec. 16 107% Dec. 10 1 106% Dec. 23 103% Dec. 20 104% Dec. 102% Dec. 29 104% Dec. 1 9 Dec. 16 20% Dec. 2 21 106% Dec. 28 107% Dec. 8 95% Dec. 1 97% Dec. 22 15 Dec. 2 18 Dec. Dec. 24 2 99% Oct. 15 15 17 17% Dec. 24 15 50H 53% 57% 58 52 Dec. 30 58 49 27 Sale 106% 106% 106% Sale Sale 103 103% Sale Sale 101 101% 100 98: 100% 98% Sale 103 105 102% Sale 86 88% 87% Sale 100 100*i 101 99 100 981 99% Sale 106 105% Sale 103% 104"" 103% 30. / \ Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 21 7 16 19 18% Mar. 17 4 105% Oct. 92% Oct. 19 Dec. 29 106 % Dec. 104% Mar. 17 100% Apr. 10 102% Mar. 9 Dec. 24 105 % 106 Mar. 23 94 16 102 % 100 102 102 H Sale Oct. 19 Dec. 17 102 Nov. 24 Jan. Jan. Jan. Jan. Jan. Mar. Feb. Jan. 95 92% Nov. 26 Dec. 14 89 Nov. 26 92% Dec. 10 Mar. 17 112% Dec. 21 109 27 Sale" Nov. 24 July 30 99% Nov. 9 59 Nov. 26 38% Nov. 24 21 Sale 108 % Sale June 95% Nov. 22 15 15 15 19 Jan. 2 109 102% Nov. 24 19 18 g 4 113 May 11 111% Jan. Dec. 10 107% Oct. 105% Apr. 107% 105% 106% 104 104* 103% Sale 106 June 1 104 Dec. 27 1 106% Dec. 29 1 103% Dec. 8 Dec. 10 106 Oct. 18 Oct. 19 Sept. 17 Oct. 19 Nov. 29 7 13 103% Apr. 13 Dec. 3 8 101% Dec. 104 Dec. 30 91 Dec. 6 100% Dec. 15 99 Dec. 9 106 Dec. 13 104 Dec. 28 9 98% Apr. 96% Apr. 14 101% Oct. 19 79% Oct. 20 99% Feb/ 2 97 2 Apr. 103% Oct. 20 101% Oct. 20 108% Dec. 105% Dec. 104 1 Apr. 20 Jan. 1ft Jan. 8 98 105 103 9 7 Mar. 1 107 15 109 107 % 3H*———1970 63 Sale Sale 104% Hs....—1965 Hen 8t unlf mtge 3%a_...._l965 s 100 Sale 75% Sale .......1956 1st Hen 8c unlf mtge 3 106 ' 107 106% 5% 1st mtge 109% Dec.""6 109% Aug. 108 108 Sale 113 f 5s.......1960 Consumers Power Co— 1st Dec." 6 Nov. Jan. 104 Sept.14 104% Jan. 18 Oct. 19 104 Feb. 103 1 108 Feb. 25 111 Jan. 2 June 23 110 June 23 Dec. 11 Dec. 22 Dec. 30 4 111 105 544.000 Debenture 5s Jan 15 1941 3,955,000 48,000 Columbia 8c Hock Val 1st ext g 4s '48 1943 49,000 Conn 8t Passum RIvs 1st g 4s 1951 23,000 Conn Ry 8t Lt 1st g 4%s„ Stamped guar 4H> .....1951 187.000 1,089,000 Conn River Power s f 3%a A—..1961 1946 3,109,000 Consol Edison (N Y) deb 3%a 3%s debentures ..........1956 3.279.000 Consol Hydro-Elec Works of Upper •Wuerttemberg 1st 7s. ....1956 47.000 2,597,000 Consol Gas Co deb 4H>—......1951 11,328,000 Consolidated Oil conv deb 3 H*—1951 603,000 {♦Consolidated Ry deb 4s.......1954 ♦Debenture 4s ........J8cJ 1955 215,000 ♦Debenture 4s...........AAO1955 12,000 Dec. 2 Nov. 23 Nov. 12 Dec. 16 Oct. 19 Dec. 11 Oct. 18 Mar. 22 20 11 100 Dec. 27 106 Dec". 109% Sale 1953 14,000 Columbus 8c Toledo 1st ext 4S...1955 2,104,000 Columbus Ry Pow 8c Lt 4s......a965 1951 3,594,000 Commercial Credit deb 3%a 2H* debentures..............1943 1,711,000 2,379,000 Commercial Invest Tr deb 3 %•__1951 Dec". Dec. 23 1945 Debenture 6s 76 85 84% Dec. 16 110% Dec. 108 f g 5s series B guar 1973 f 4Hs series C...........1977 ♦Debenture 4s... 291,000 1,804,000 ♦Consolidation Coal 2 102% Dec. 15 102% Dec. 15 100 105 110% General 4Hs series A.. ..1977 Gen & ref. mtse4Hs series B..1981 1st Dec. 109 Clev Short Line 1st gu 4Hs 1941 Clev Union Term 1st gu 5%a A..1973 19,000 Coal Rlv Ry 1st gu 4s 67 101% 109H Series C gu 3%s.. .........1948 Series D gu 3%a..————1950 s 28 109 Mar. 20 110 Mar. 19 104 Nov. 19 107 ----- ..... Series B gu 3Hs..............1943 Series A gu 4Hs_. ..........1943 1st July Aug. 26 118 68% Sale 307,000 Colo Fuel 8t Iron Co gen s f 5s..1943 •5s Income mtge..............1970 1,038,000 2,060,000 Colorado & Southern 4Hs ser A. 1980 1953 3,279.000 Columbts Gss 8t Else deb 5s 934,000 992,000 3,364.000 782,000 597,000 971,000 310,000 2,102.000 658,000 550,000 Sale 104% 105 84 Ref 8t!mpt4H>*erlesB 1977 Cairo Div 1st gold 4a..........1939 105,000 Cln W 4t M Div 1st g 4s 278,000 1991 St Louis Div lat coll trust g 4a.1994 MN 261,000 5,000 Spring at Col Div lat g 4a 1944 M S W WValDIv 1st g 4a 1944 J J 44,000 328,000 Cleve-Cliffx Iron 1st mtge 4%a__1950 1965 836,000 Cleve Elec Ilium 1st M 3%S 2,000 Clev at Pitts gen gu 4Hs ser B..1943 15~O66 108 % 11 11 Mar. 4 Jan. 5 Dec. 23 Jan. Jan. 104% Apr. 30 108% Feb. Cincinnati Union Terminal— 737.000 1,479,000 8 99% Mar. 23 27 8 13 18 18 13 4 2 11 4 16 11 80 Feb. 1 Jan. Jan. 25 28 Jan. Jan. Jan. 13 2 18 Oct. 11 Jan. 7 Jan. 30 Feb. 11 Jan. Jan, Jan. Jan. 11 11 2 ft July 21 June ft 2 Feb. 24 Mar. 8 Feb. 1? Jan. Mar. 15 Mar. 20 Jan. Jan. 18 4 Jan. 2 Jan. 29 2 7 Aug. Jan. Aug. 19 Jan. 9 Jan. 21 Jan. ft N. Y. STOCK 24 8-U Sales for Jan. 2 Ask 1,053,000 Dayton Pr & Lt lat & ret 35*a I960 8,685,000 Del A Hud lat A ret 4a—........1943 179,000 104,000 33,000 250,000 109,000 Delaware Pr A Lt lat M 1900 1969 lat A ret 414a lat mtge gold 4Hi 40 J M 193< 866,000 ♦♦Conaol gold 4%t —I93fc 1,801,000 1+Denv A R Gr Weat gen 5a Aug 195.' ♦Aaaented (subject to plan) 5,596.000 ♦Ref A Imp mtge 5a aer B__ 3,223,000 .1971 t*Des Molnea A Ft D lat gu g 4a..l935 702,000 Cert if ica tea of depoal t 13,000 !*Dea Plalne- Val lat guar 414a ..194? 1075* N M Stamped aa to Pa tax 7,676,000 I ♦♦Den A Rio Gr lat cona ft 4a 102 J J N J Sale" J I J F A Sale Sale \ Sale O J J M e ...... Detroit Edison * 65* 665* 35* 85* Sale 45 F Gen Arel 414s seriesD........1961 802,000 Gen A ret 5* aeriea E .....1952 A A Gen A ret mtge 4s seriea F 1,659.000 ..1965 M 883,000 Gen A ret mtge 314* aeries G..1966 J 6.000 ♦Detroit A Mack lat lien g 4a ..1995 J ♦1st 48 assented....... 24,000 ...1995 J 2,000 ♦Second gold 4a...........—1995 ♦2nd 4s assented........... 1995 J 33,000 202,000 Detroit Term A Tunnel lat gu 4)4a *61 M 269,000 Dow Chemical deb 3s.... ..1951 J 748,000 t"Dul So Shore A Atlantic g 51.1937 J J 2,882,000 Duqueane Light 1st M 35*a --1965 116 5* 117 A O O S 50 70 D 60- D 35 35 65 45 11 N 174,000 Elgin Jol A Eaat lat g 5a ...1941 505,000 El Paso Nat Gas 4^8 series A 1951 / 98,000 El Paso A S W lat A ref 6a.. 1965 5s stamped 13,000 1965 29,000 Erie A Plttsb gen gu g 344s sec B.1940 Seriea C 344s.. 12,000 1940 1,748,000 Erie RR 1st con A prior lien 4s..1996 1st conaol gen lien 4a.........1996 3,868.000 Conv g 4s Ser A 791,000 ........1953 Seriea B 1953 639.000 Gen conv 4s Series D.........1953 22,000 Ref A lmpt gold 5a aer 1927 ...1967 8,891,000 Ref A Imp 5a ser 1930.........1975 8,687,000 Erie A Jersey 1st a f 6a 208,000 ....1955 Genesee Rlv RR 1st a 1 4s.. 1957 133,000 N Y A Erie RR est 1st 4s 1947 26,000 -3d mtge 4Ha 1938 35,000 188,000 Ernesto Breda Co lat mtge 7a....1954 .......1956 1,580,000 Fairbanks Morse deb 4a .1942 196,000 Federal L» A Pr lat a f 5a 5a International seriea.w....1942 13,000 First lien a f 5s stamped...... 1942 229,000 1st Iten s f 6s stamped. 645,000 1942 30-year deb 6a aeries B. .......J954 143,000 1946 223,000 Flat deb a f 7a.. 194? 18,000 J«Fle Cent A Peninsular 5a 501,000 t*Fla Eaat Coast lat 4H«...—-1959 ♦lat A ref 5s ser A. 1974 9,882,000 ♦Certificates of deposit....... 1,865,000 • 65 65 38 38 55 J 110 Sale 1063 1163 Sale 107 5£ 107 5* 1383 A iVf N 114 115 J D 104 104 % 110% 108% J 107 J 106% Sale J 91 Sale A 91 Sale A 91 95 91 W N A O J J J J M N Sale '465* Sale Sale" 102 1085* 465* Sale Sale 110 Sale a 215* I06T" S F A J D 64 62% 1045* 104 102% Sale 110 1015* 102 965* Sale Sale M 8 M S 101 Mar. 8 M 8 102 » 103 % 955* 975* 973* 100 J D 102% 60 J J J J f D . 82 89 2 6 2 9 Dec. 30 Dec. 9 53 845* Dec. 29 51 Dec. 30 865* Dec. 24 615* Dec. 13 535* Dec. 14 56 8* 505* Dec. 30 55 Dec. 3 605* Sale 43 423* Sale 1063* 110 106 1665* 100 62 101 5* 955* Sale 97 955* 98 993* 101 60 86 Dec. 28 40 945* Dec. 55 45 575* 60 65* Sale 75* 156,000 122,000 26,000 cons MN 7% 9% MN Proof of claim filed by owner ... ♦•(Amended) 1st 3} 4% 4% 2-4a.._..1982 Proof of claim filed by owner 3 •Certificates of deposit... Fort St U D Co lat g 45*« 1941 T'j J J 150,000 Framerlc Ind A De» 20-yr 7Ha.. 1942 M N Francisco Sugar coll trust 6a 1956 449,000 1938 A O 152,000 Galv Houi A Hepd 5H» A 1949 £ D 6,000 Gaa A Elec (Bergen Co) 5a 683,000 Gen Amer Investors deb 6s ser A.1952 F A 1947 J J 1,171,000 General Cable 1st a fg 5H> A 1945 J J 116,000 •General Elec (Germany) 7o ♦Debenture 6H»--.1940 J D 96,000 ♦S f deti a 6s ..1948 M N 220,000 General Motors Acceptance Corp— 107 407% 1105* 83% Sale 97 98 122% 102 103 105% Sale 40 Sale Sale 40 Sale 40 ... 3,930,000 3.655,000 98,000 1,798,000 170,000 10-year debenture 3s ......1946 .1951 F 15-year debenture 35*a Genera> Public Service deb SHs.1939 Gen Steel Castings lat J ----- 55*1 w W..1949 |*Ga A Ala lat cons 5a....Oct. 1945 •^♦Georgia Carolina & Northern— 45 • 2,991,000 lst mtge 45*a 5,709,000 5,204,000 Goodyear Tire tk Rubber lat 5a. 442,000 Gotham Silk Hosiery deb 5a w w 4,000 Gouv A Oawegatchte 1st 6a 113,000 Grand R A I ex lat gu g 45*a 10,000 Grays Point Tolto lat gu g 6s 683,000 Gt Cons El Pow (Japan) 7s lat A gen a f g 6 Ht........ 836,000 D 1956 J D 1957 M N 1946 M 8 D 1947 J 1944 F D 1950 J J 1961 Gen mtge SH* Ser B.......... 1952 Gen mtge 5a Ser C-. 1973 J 105 101 104 103 103 111 99 87 J — ... 1,140,000 830,000 1,147,000 1,969,000 3.578,000 23,552,000 10,028,000 .3,216,000 1945 J 1942 J 1941 J . Great Northern Ry— lat A refund 45*a Ser A J A 56 6 55* 60 815* 18 955* Sale 91 94 Sale Sale 94 Sale 101 88 Sale 30 Sale Sale Sale "70"" 95 725* 725* J 108 1946 J 1946 J 1195* Sale 1085* Sale J Gen mtge 4s seriea H ........ Feb Feb 1940 MN 6,000 Greenbrier Ry lat gu g 4a A O 296,000 Gulf Mob A Nor 1st 5H« hi fi¬ 1950 A O 1956 lar mtge gold 5a aeriea C 1,279,000 J J Gulf A Ship Island ref 5a Feb 1952 J 1952 J Stamped...... 23",000 A O 1,533,000 Gulf States St'l lat mtge 4H>—-- 1961 A O .1,004.000 Gull States Utilities 4s series C_. 1966 ... 765,000 10-year debenture's 1946 A O J 173.000 Hackenaack Water lat 4a.—1952 3 20.000 ♦Harpen Mining 64—.1949 J J ...1999 341,000 Hock Val lat con g 4 5* a A O 1944 929,000 Hoe (R) A Co lat mtge MN 144,000 {♦♦Houaatonlc RR con g 5a.....1937 For footnotes see page 30. Sale '625* ~75~" 12 1075* 110 29 1255* 84 Sale 77% 80 Sale 107 Dec. 100 60 Nov. Dec. Mar. Dec. 23 99 Oct. J an. 11 Dec. 95} 98} Nov. Feb. 13 Sept. Mar. 30 97 Nov. 11 8% 105% Apr. 8 57% Dec. 16 56 Dec. Jan. 7 85* Dec. 3 5 Oct. Mar. 75* Dec. 3 5 Dec. Mar. 5 5 Apr. 25* Dec. 29 3 Dec. 20 17 1045* Dec. 2 99 Dec. 385* Dec. 385* Dec. Dec. 24 44 Dec. 2 » Dec. 22 61 97 10 12 Dec. 14 Dec. 23 1 Dec. 83 Dec. 82 Dec. 31 9 Nov. Nov. 985* Oct. 89 Oct. 755* Dec. 50 Oct. 75* Oct. 106 Mar. 80 Dec. 865* Dec. 16 Dec. 9 1035* Dec. 21 96 Jan. 835* Dec. 975* Oct. 1025* Dec. 11 2 June 8 Feb. Jan. Jan. Jan. May Feb. July 8 11 18 8 4 20 4 14 14 Jan. 28 065* Mar. 1 065* Jan. 18 035* Feb. 9 65 15 Nov. 90 103 75 20 Jan. 305* Mar. 195* 155* 095* 085* 415* 115* 87 Dec. 30 Nov. 24 165* Jan. 885* Dec. 10 9 18 Oct. 1005* Oct. 80 78 Nov. 17 15 13 111 Jan. 27 95 Aug. 14 985* Apr. 5 955* May 14 Nov. 10 6 27 11 Jan. 7 Nov. 26 Jan. 1075* Jan. 1035* Jan. Aug, Oct. 31 21 9 12 Jan. Jan. 52 106 Oct. 108 95* 1075* Nov. 29 "§6"" 1075* 95 69 Jan. Mar. 30 1015* Jan. 4 Dec. 1035* Jan. 1055* Dec. Dec. 27 20 8 12 107 Nov. 78 765* Dec. 11 2 July Jan. Jan. 5 195* Dec. 29 215* Oct. 7 100 1 Mar. 9 105 3 7 7 1055* Dec. 95 Dec. 29 70 £pr. Nov. 415* Nov. 24 19 Nov. 23 Dec. 27 55 101 92 Mar. 17 2 105 Dec. 1 Dec. 29 2 715* Dec. 625* Dec. 24 605* 915* 91 605* 835* Dec. 845* Sale Dec. 1005* 1015* 101 1025* Dec. 1025* 103 .... 9% Jan. 13 Apr. 89 89 Dec. 95% Dec. 1 104 Dec. 88 Dec. 31 60 16 2 65* 15* Dec. 29 5 15* Dec. 20 1025* Dec. 17 1075* lu7 Oct. 7 1105* 45 Dec. 29 875* 90 Sept. 25 100 1215* Jan. 29122 99 Oct. 19 102 11 965* Dec. 1 106 30 Apr. 24 44 27 30 Apr. 23 415* 28 4 295* Mar. 16 44 Dec. 29 ye54 95} 95 120 1175* Sale 118 55 645* 515* 64 40 45 445* 58 27 Mar. 27 Dec. Dec. 13 "82"" 80 101 Feb. Feb. Nov. Jan. 1 Dec. Dec. 27 78 60 2 Feb. 23 985* Dec. Dec. 30 1015* Dec. 11 1055* Dec. Sale Jan. Jan. 82 1045* 63 Jan. Jan. 45 905* Dec. 29 925* Dec. 16 78 IV* 70 14 5 16 22 1 20} 25} 101 80 72 16 10 49 195* Dec. 29 245* Dec. 11 Sale 50 Sale 1085* 1045* Sale 995* 1005* 885* 885* 94 995* Sale 105 1055* 1045* Sale 124"" rs 78 13 Feb. Jan. 6 2 110% Dec. 1115* 1145* 1085* Dec. 1025* Dec. 14 1055* Dec. 1035* 105 1 97 Dec. 985* Dec. Sale 98 885* 905* 885* Dec. 29 915* Dec. 91 Dec. 1 Dec. 88 905* 87 Dec. 1035* Sale 1025* Dec. 29 107 31 Sale 975* Dec. 945* Dec. 945* Dec. 755* Dec. 29 81 775* Sale Sale J 45 1035* Sale 1065* — 93 25 Sale 1045* — 1977 ..... 195* Jan. • July 8 9 1015* Sale 1015* 1025* 1015* Dec. 17 1025* Dec. 1 1025* Dec. 13 102 Sale 1005* Dec. 1005* Sale 8 Dec. 96 955* Dec. 28 96 92 973* 9 Dec. 48 50 455* Dec. 29 57 485* Sale 19 35 20 215* 195* Dec. 29 225* Dec. 10 20 Oct. 52 14 Sept. 20 Feb. 1 Dec. 1 Dec. 27 27 107 Dec. 29 505* Dec. 10 ..... 21 1976 4Ht Series D Gen 45*a aeries E Gen mtge 4a aeriea G......... —60 Jan. Mar. 29 Dec. 175* 60 835* 60 805* ..—.1195* 1175* 118 1003* 1015* 100 1005* Sale 9654 975* Sale 965* Sale 43 385* 435* 385* 38 42 43 45 39 43 48 383* 48 525* 1967 Gen mtge 3%s seriea I.. 5,000 ♦Green Bay A Weat deb ctfa A.. ♦Income debenture ctfa B -2,662,000 P 45 Nov. 80 Jan. Dec. Dec. 29 15* Dec. 25* 45* 15* Dec. 23* 15* 25* 1025* Dec. 1045* Sale 1005* 104 107 Dec. 107 109 1045* 109 1165* Sale 1145* 115 1095* 1095* J ... Gen ..... Jan. Jan. 945* Dec. 3 Dec. 27 2 Dec. Dec. 29 3' 31 J* Extended at 6% to July 1 1934 87,000 67,000 ♦Good Hope Steel A Iron sac 7a.1945 Goodrich (B F) Co conv deb 6a_ 1045* 105 1055* Sale 1025* 96 H Sale 125* 20 19 5 28 Jan. Dec. 22 ♦t^Fonda Johns A Glov ref 4Ha_1952 21,000 Jan. 9 955* 6 ;2 Dec. 955* Dec. 1035* Sept. July 131 975* Oct. 1085* Apr. 1005* Apr 1065* Sept. 95 Nov. i025* Dec. 1035* Mar. 105 86 945* mSale Sale Jan. Dec. 21 Dec. 11 Dec. 29 97 Dec. 11 Dec. 11 985* Dec. 15 1005* Dec. 24 45 Sale 5 725* Jan. 110 22 15 16 Jan. 16 Jan. 8 June 9 Jan. 2 Nov. 13 97 595* 45 Sale 29 102 J* Dec. Mar. 475* Nov. 475* Nov. 58 Sept. 40 Dec. 395* Dec. 1045* Dec. ll»4 Dec. Dec.. 21 "5i5*~D"ec."r9 395* Dec. 28 515* 1045* Dec. 11 1065* 104 Dec. 22 104 107 Dec. 21 107 81100 100 Dec. 2 61 z60 Dec. 11102 100 Dec. 955* Dec. 10 97 , M S Sept. Feb Oct.; 102' J. 60 945* Sale 25 Apr. July 1055* Apr 1075* Dec. i.005* Oct. 205* Dec. Dec. Dec. 20 110 Dec. 20 1025* Dec. Dec. Dec. 10 27 1 1085* Dec. Dec. 1025* Dec. 11 1025* Dec. 11 82 1165* Jan. j4 8 1105* Jan. 1115* July 21 5 1095* Jan. 60 May 21 65 May 25 48 Aug. 21 55 May 21 1185* Jan. 18 Mar. 101 M 9 45 109 Dec. 30 109 6 102 1015* Dec. 12 Mar. 1 575* Apr. 20 28 Oct. 111 106 98 63 100 96 25* Oct. 37 1075* 1025* 205* 1065* 18 22 5* Feb. 19 325* Jan. 18 3 Dec, Feb. 23 Oct. Dec. 23 Dec, 13 Dec. 105 Dec. 20 107 955* Dec. 10 985* Dec. 965* 8951 2 1035* Dec. 1065* 1035* Dec. 1033* 1315* 985* Dec. 29 1015* Dec. 985* Sale 109 Dec. 29| 955* Jan. 16 Oct. 19 1075* Dec. 16 1055* Nov. 30 Jan. Nov. 16 107 Mar June 3 108 Oct. June 18 108 Sept. 365* Jan.: 16 Dec. Mar. 8 38 Oct. 75* Oct. Dec. 16 V- Nov. 4 55 1085* 103 5 11 5 "65"" 45 45 525* 605* Sale 13 Jan, 60 1125* Dec. 30 1135* 9 110 1085* Dec. 2 1115* 1095* Dec. 1045* Dec. 20 1055* 1035* 104 1025* 1035* 1023* 845* 845* 87 815* Sale 565* Sale 495* July 47 Dec.' 7 1075* 52 55 1015* 104 % 1065* 1065* 105* Dec. 10 8 7 - ■ Dec. 7 115* Dec. 4 19 53 107 895* 100 1035* 1065* 1313* 993* Sale 109 1113* 103 101 995* 105 M 4 23 10 64 5* Jan. 62 5* Aug. 42 1085* Sale 85% Sale 85 85% 118% 117% 114% 35* Dec. Jan. .12 19 104 70 45 45 1065* Sale 912* A 1135* 109 Sale 1055* 102 Sale" 9 16 • 40 101 101 J 9't 1 65 19 20 1015a Mar. 18108 6 Dec. 1 2 108 20 1075* Dec. 20 3 28 145* Dec. 4 17 ,145* Dec. Dec. 28 75* Dec. 29 Oct. Oct. 425* Oct. 35 Oct. 35 1 475* Dec. 29 1055* Dec. 20 2 1065* Dec. 17 5 43* 35* 15 Highest Sale Prices 30 435* Dec. 645* Dec. Dec. 29 30 1075* Dec. 47 Sale Sale Prices 43 Dec. 9 9 1075* Dec. 27 1065* Dec. Sale 110 ~675* "75" A 70 38 1015* J A 38 Dec. 29, 1065* 1065* Dec. 1045* 1035* Dec. 1065* 1055* Dec. Sale 1075* Dec. 107 5* Dec. Sale" 105* Dec. 15 > 125* Dec. Sale 55* Dec. 112% 1135* 1125* 1085* 1095* 109 1095* 1095* Sale 1045* ;05 116 % D 76,000 Eaatern Ry M No Dlv lat g 4a.. ...1948 A O 291,000 Eastern Tenn Va A Ga lat g 5s p.W.h MN J 130,000 Ed El 111 Bkn lat con g 4a 1939 J J 42,000 Ed El 111 N Y lat cons g 5a 1995 J Electric Auto Lite conv deb 4a...1952 F 1095* 1105* 1115* 1085* Sale 415* Dec. 22 Sale 1065* 1065* 1033* 1055* 103 106 1055* 108 Sale 1075* 1075* 1075* Sale" 12 14 13 14 165* 55* 55* Sale 65* 55* Sale 85* 103* Sale — 1,144,000 3,560,000 65* 46 Sale 107* Sale 62 Sale 1055* J J 1065* 107 Sale M N 5a..._ 1951, Denver Gaa A El lat A ret 44 37 45 42 Dec. 24 35 47 45 O 414a.....1971 J 40 42 40 435* Sale D A 335* 385* 37 Sale D Sale Prices Sale Sale Sale 61 5* J Cuba RR 1st 50-yr £ 5« Lowest Sale Prices Highest Louest Ask Ask Bid Bid 62 D 55**-----1942 ..*....1952 75*a aeries A extended to-..--1946 6a aeriea B extended to 1946 Cuba Northern Rye lat 821,000 189,000 44,000 Dec. 31 Dec. 1 1937 STOCK EXCHANGE Bid ; 1,635,000 RANGE FOR YEAR 1937 PRICES IN DECEMBER Price BONDS 12 Months 1937 EXCHANGE-BONDS July Aug. 24 Jan. Jan. 12 15 7 Apr. 4 105 h Apr, 10 22 Oct. 28 Feb. Aug. Feb. 9 6 8 15 Jan. 27 1175* Dec; 10 1185a Dec. 29 1145* Mar. 23 61 Nov. 16 625* Dec. 28 655* Dec. 17 42 Dec. 27 2 42 Dec, 27 445* Dec. Jan. N. Y. STOCK Jan., 1938] !■» Sales for BONDS 12 Months 1937 H. T. PRICES IN DECEMBER Price Dec. 1 1937 Ask v 1,136,000 Houston Oil sink fund 5%■ A... 1940 4,299,000 Hudson Coal 1st • f Ss series A.. 1443 .1949 259,000 Hudson County Gas 1st 5s 3.696,000 Hudson 9c Manhat 1st Ac ref 5s A. 1957 ♦ Adlwst Income 5s ..Feb 1957 5,968,000 1970 1,867,000 Illinois Bell Telep 3H* *er B 1951 34,000 Illinois Central 1st g 4s. f 112,000 1st gold 3Hs.. 1951 Extended 1st g 3Hi 1951 190,000 ... ....... ........... 5,000 995,000 2.883,000 296,000 1,991,000 735,000 5,631.000 52,000 44,000 199,000 62,000 61,000 150,000 10,000 77,000 MN J A A O O 110 J Coll tr g 4s ................. 100 Sale Ask 30 Sale Sale Sale Sale 121% 119% 53 Sale 51% 19 Sale 17% 107% 108% 107% 13 Dec. 2 103 97 Dec. 93 99 93 Dec. 93 53% Sale 14 Oct. 19 36! 1m8% Mar, 23 110 48 104% 55 Sale 40% • sii 85% 79% "43"" 50., 35 2 97 Dec. 2 93 Dec! Nov. Mar. 10 95 Jan. 96 Jan. Dec. 1 56 Dec. 21 Dec. 17 53 Dec. 24 49 Dec. 17 90% Jan. 21. 41 Dec. 29 51% Dec. 63% Dec. 10 41 Dec. 29 90 13 8 Sale 4 56 Dec. 2 32 57% Dec. 29 58% Dec. 21 43 <: Dec. 8 56 Dec. 2 4 32 Dec. 29 103 82 65 93 80 80 Dec. 3 80 Dec. 3 80 70 Dec. 2 70 Dec. 2 80 _ Sale 83% Dec . 2 83% Dec. 80 Jan. Jan. Dec. 98 Feb. 3 102% Jan. 21 89% Jan. Dec. 15 13 2 12 9 28 19 92% Jan. 25 98% Jan. 20 100% Mar. 10 100% Feb. 25 83% Dec. 2 101% Jan. 20 43 Sale 6 40% Dec, 29 51% Dec. 39 Sale Dec. 8 36% Dec! 29 49 106% 107% 106% Dec. 9 107% Dec. 30 80 104% Jan. May 25 2 June 90 80 ....? Jan. 4 109 Nov. 70 88 75 "83% 101 6 4 93 50% Dec. 90 1951 1951 2 111 _ 2 107% Jan. 17,107% Jan. 49 103% 80 Dec. 13 Jan. 23 Jan. 21 Jan. 4 June 18 47 Sale 75 1951 Dec. 93 11 Jan. 92% Mar. 12 50% Dec. 4 44% Nov. 23 62% 82 1951 97 2 7 Jan. Sale 103% 1953 J Omaha D£? 1st g 3s.......... 1951 F 2 ' 85! Jan. Sale 54 47 62% ~44~~ .48 19 Oct. 96 . Sale Sale 4 54% Dec. 2 19% Dec. 108% .Dec. 30 93 47 Sale 96% Oct. 20 103: 28 Oct. 19 571 116% Mar. 30 124 Dec. 99 ~40"" "93 ~ 1953 MN 98 99 St Lou Dl? 9c Term g 3s • 15 Dec. 93 J Highest Sale Prices 17 1 121 Dec. 95 Cairo Bridge gold 4s.......... less J 1951 J Western Lines let g 4s Dec. 101 Litchfield Dl? 1st g 3s Lou 1st Dh 9c Tor g 3%« Sprlngf DIt 1st g 101 Sale 93 107 % .......... Gold 3%a Sale Prices Sale Prices 99 Dec. 2 100 Dec. -7 1 28% Dec. 29 33% Dec. 120 88* Lowest Sale Prices Highest4„ 97 A Refunding 5s................ .1955 MN 44-year 4%« 1944 P A ...... Lowest 93 J 1953 J 3%« 99 Sale A Dec. 31 Ask Bid 31% 119% 52% 18% 107% 124 Sale M 8 1st gold 3s sterling ........ .1951 Collateral trust gold 4s....... 1953 A O Refunding 4s................. 1955 MN Purchased lines 1st Bid 103 % Sale D MN F RANGE FOR YEAR 1937 Jan. 2 If STOCK EXCHANGE 35 EXCHANGE—BONDS Oct. 16' 23 — 111 Cent 9c Chic St L & N O— D Joint 1st 9c ref 5s ser A... 3,742,000 1943 4 %i series C 1,716,000 .1943 J/D 811,000 Illinois Steel deben 4%a 1940 A O 13,000 Ind Bloomlngton 9c W 1st 4s....1940 A O J 116,000 (nd 111 Be la 1st gold 4s 1950 J 222,000 t+Indlanapol 9c Louis? 1st gu 4s 1956 J J 89 % Sale 84% Sale 107% 108 107 105% Sale Sale 105 108 95 47 42 106% Sale 100 15 41 22 ----- 12% 40% 36% 106% 104% 96% 12% 97% 15 12% Dec. 30 18% Dec."13 Dec. Dec. Dec. Jan. Nov. Dec. 29 91% 29 87% 9 108 30 104% 5 107 30 43 Jan. Jan 29 21 Feb 16 Jan 30 2 19 Jan. Feb. Indianapolis Union Ry— Ref & lmpt mtge 182,000 3%• «er B 1986 M S 2,706,000 Inland Steel 3He series D.......196I F A 10,743,000 Hnterboro R T 1st 9c ref 6s.....1944 J J ♦Certificates of deposit..... 1,415,000 2,862,000 •♦10-year 4% notes .....1933 AO ♦♦10-year 7% notes 2,597,000 .....1933 M S ♦Certificates of deposit..... 1,071,000 4,223,000 Interlake Iron conv deb 4s...... 1947 AO 93% 49 94% 89 % Sale Sale 100 101% 100% 105 Sale 102% Sale 49% Sale 56% Sale 55 95 Sale 19% 20% 16% 51 60 Sale 55 60 53% 71% Sale 69% 99% Sale 100% 20% 5% 16% 96% 92 Sale Sale 19% 19% Sale 50 Sale Sale Int Agrl Corp 1st & coll tr 6s— 380,000 4,081,000 4,756,000 938,000 542,000 9,517,000 1,849.000 2,746,000 2,999,000 269,000 448,000 5,355,000 12,291,000 8,232,000 Stamped extended .......1943 MN to {♦Internet Gt Nor 1st 4s A ... 1952 J ♦Ad) mtge 4s series A.July 1 1952 A ♦1st mtge gold 5s series B ♦1st gold 5s series C.. Internat Hydro El deb 4s.. Int Merc Marine l*t s f 6s Refunding 6s J 1956 J J 1944 A O 1941 A O "i series A... 1947 J series A........ 1955 M J 8 it Int Rys of Cent Amer 1st 5s B... 1972 M N First lien Ac ref 414s.. 1947 F A Internat TfcT deb g 4 His J 1952 J Convertible debenture 4Hi.. Deb gold 5s .... 1939 J 1955 P A 1951 M ..... 34 u* 80 13 Sale Sale Sale 64% 47 % 90% 81% 80% 69 72 % 102% Sale 98 98 % 90 94 % 99% 100 70 82 % 75 8 J 102 35H Sale O 1956 ... Intern Paper coir J 101 "717 Sale 9 67 Oct. 3 98% Nov. 54 44% Dec. 29 17 21% Dec. 6% Dec. Oct. 55 Dec. 29 92 Dec. 4 84 82% 80% 97% 61 % Dec. Dec. Dec. Dec. 3 68 7 86 80% Dec. 94 94 Dec. 30 56 Dec. 1 7 8 8 102 19 86 Dec. 1 91 % Dec. 10 74 Jan. 42% 17% 40% 40% Dec. 1 66 Dec. 17 40 8 Dec. 1 Mar. 10 Mar. 10o Mar. 11 28 20 12 Feb 95 5 5 102 Jan. 25 75 Jan. 21 ui% Oct. 2% Dec. 23 Mar. 10 89% Apr. 102% Jan. 101% Jan Oct. 60 Sale 7 Jan. 44% Dec. 61 17 11 104 % Aug. 14 80% Nov. 94 Apr. 38% Oct. 80 Jan. Oct. 56% 58 88% Sale 2 14 18 21 56 Dec. 92 12 91 % Jan. 91 Jan. Deer 28 86 1 46 Jan. 95% Jan 4% Dec. 28 16% Nov. 16% Dec. Dec. 20% Dec. Dec. 84 Sale Sale Dec. Dec. 21 i Dec. 10 1 68 86% 60% Dec. 74 Dec. 91 Sale 50 64 Sale Sale 1 69 85 56 3 3 68 29 97% 96 Dec. Jan. 97 Dec. Dec. Oct. Dec. Dec. 21 43% 4 105% Jan. 108 Mar. Dec. 4% Dec. 28 16% Dec. 29 16% Dec. 29 Dec. Dec. 101 1 100% Dec. 99% Dec. 17 Dec. 24 Dec. 46% 47% 13% 49% 17% Sale 5% 5% 16% 28 16% 17 70 Sale Sale 98% Mar. 1 105 Dec. Dec. 28 57 55 Dec. 27 Dec. 28 19% 60 28 Dec. 50 Dec. 28 57% 69% Dec. 29 76 102% 46% 47% Sale 14% 54% 49% Aug. 10 S&H Feb. 11 {Iowa Central Ry— 2,503,000 ♦let 9c ref 4s 3 % 1,325,000 1,935,000 James Franklin 9c Clearf 1st 4s._195o J D Jones 6c Laughlln St'11st M 4^ s. 1961 M 8 100 105 % Sale Kanawha 6t Mich 1st gu g 4s Sale Sale 43,000 1,550,000 721,000 2,654,000 2.812,000 1,665,000 860,000 58,000 95,000 44,000 28,000 614,000 3' 108 1990 A {♦♦K C Ft S 6t M ref g 4s 1934 ♦Ctfs of dep (Bankers Trust)...... O A O Kan City South 1st g 3s.. 1950 A Ref 6r Imp 5s _ApriU950 J Kan City Term 1st 4s I960 Kansas Gas 9c El ist mtge 4 Hs..1980 J O J J D •Karstadt (R) Inc 1st Mtge 6s...1943 M N ♦Ctfs w w stpd (par $645) w w stpd (par $925) 1943 MN ♦With warrants (par $92f)__..1943 Keith Corp (B F) 1st ser g 4s....1944 M 7 42,000 Kentucky 6t Ind Term 1st 4%«..1961 43,000 23,000 23,000 Stamped 1961 .............. Plain 1961 4Hi unguaranteed Kings County Elec Lt 6c Pow— Purchase money 6s... .....1997 A O F A J J 1951 773,000 Koppers Co 4s series A 1,764,000 Kresge Foundation coll trust 4s.1945 3Hs collateral trust notes.... 1947 428,000 Sale 59 1,345,000 3.571,000 1,345,000 455,000 65,000 ♦5s "34"" "41% 24% Sale Sale 62 Sale 99 109 % 109 % 103 % 103 % 40 44 30 30 108 J I J 31 J 8 93,000 Dec. 28 28% 73% 66% 2 109 Dec. 68% Dec. 30 58% Dec. 29 Dec.' Dec. 2 106 Dec. 20 109% Sale *98% «. 7. - Sale 87 Sale 105 101 101% 96% 90% Sale Sale Sale 67% Sale 66 Sale 52 Sale 51 56 76 100% ----- 98 101 J 105 Sale J 104 Sale 1st 6c refunding 5s..... 1954 1st 6c refunding 5s 1964 First 6c ref sinking fund 5s 1974 Secured 6% gold notes....... 1938 Leb Vail Harbor Term 1st 5s....1954 Leh V (N Y) 1st gu g 4H« Leb Val (Pa) gen con g 4s Gen cons 1940 3003 MN ......3003 M N 4H>-- 5s Lex 9c East 1st gu 5s........ .. O 75% Sale 81% 85 108% 109 1965 A Leh Vail Ter Ry 1st gu g . A O 129 ..........2003 M N Gen consol 5s 105% 91% 93% 99% 100% 75% 80 76% Sale 72% 76 99% 100% 104% 105% 102% Sale 69 70% 1941 ... 135% 136 1951 125% F K 1947 J D 1.000 Little Miami gen 4s series A ....1942 M N 1946 F A 3,518,000 Loew's Inc s f deb 3%« 108 484,000 Lombard Elee 7s series A........1953 J D 66,000 Long Dock Co 3%• ext to.......1950 A O 1938 J D 126.000 Long Island gen g 4s 106 - Unified gold 4s 1949 54,000 Guar ref gold 4s............ ..1949 1,329,000 48 stamped ....1949 996,000 1944 471,000 Lortllard (P) Co deb 7s 5s —1951 744,000 M 8 M 8 27% 50% 50 "«• - - «• w - — 101 Sale 69 Sale 103% 104% 108 105% Sale M O 134" 135 F A 124 Louisiana ft Ark 1st 5s series A..1949 J J For footnotes, see page 30- 99% 126 Sale Sale 70-/ 68% 108 97% 8 101 Dec. 20 Dec. 29 Jan. 20 146% May 10 161 5 Dec. 14 108% Jan. 78 Feb. 1 8 114 99% Dec. 2 104% Dec. 104 Dec. Dec. 100 14 56% Sale 49% 53% 49% 62 29% 71% 23 95 81 2 Dec. - — — 23% Nov. 10 Dec. 84% dec. 31 101 57 68 Dec. 53% Oct. 19 Oct. 19 56% Dec. 31 67 Dec. 52 Dec. 1 43 Oct 2n 54 Dec. 6 56% Dec. 56% Dec. 70% Jan. 70% Jan. 68% Jan. 19 July 27 70 90 30 Dec. 13 Sale 99% Dec. 2 30 Sale 27% Dec. 1 ^02% Dec. 98. jj 62 80 58 Dec. 8 18 21% Oct. 32 Dec. 94 95 94 Dec. 28 71% Dec. 31 65% Dec. 16 60 Dec. 58 Dec. 97 94 Dec. Sept. Dec. 13 62% 69 Sale 69 Dec. 31 73 Dec. 23 69 Dec. 38 31 40 37 Dec. 7 37 Dec. 7 35 Oct. 26% 31% 7 30 Dec. 1 26% Dec. 22 35 26% Dec. 25% Dec. 17 30 Dec. 23 20 Oct. 80" 68 82% 62 68 Dec. 24 75% Dec. 6 68 Dec. 59% 62 Dec. 27 62 27 62 Dec. Sale 57 30% 29% Sale 33 Sale 32 Sale 24% Dec. 28 27% Dec. 29 38% Sale 38 Sale 38 Dec. 90 75 88 84% 116 Sale Dec. Dec. - w 115% 117% 128% 129% 131 118% 125 123% 102 Sale 104% 110% 107% "97% Sale 97% 64 67 61 Sale 127 Sale Dec. 31 60 Dec. Sale 64% 93 87 Sale 85 Sale 16 6 1 9 6 88 Dec. 6 88 Dec. *6 109 8 117% Dec. 27 116 Apr. 14 8 131 Dec. 31 128% Dec. 122% Dec. 21 123% Dec. 28 102 Dec. 1 106% Dec. 27 126 Oct. 1 Apr. 100% Nov. 108 Jan. 29 98% Dec. 7 95% Oct. 14 67 2 60 • Dec. Dec. Dec. 99% Dec. 100% Dec. 84% Dec. 86 Dec. 23 89 Dec. 6 86 Dec. 85 Dec. 31 89 Dec. 9 85 Dec. 125 Dec. de". 30 125 126% 129 118% Sale 120 118% Dec. Sale 72 Sale 117 95% Dec. 126 72 ' 24% Dec. 27% Nov. 32% Nov. 60 121 122 Dec. Dec. Sale 100 99% 101 Dec. 24 99% Dec. 18 100 4 100% Dec. 100% 102% 100% 100% Dec. 4 83 "86"" 84% Dec. 29 84% Dec. 29 94% 90 57 35% 106% 104% 28 105% 13 94% 31 100% 271 78 7 77 19 75 24 100% 271107 31 103% 28 72 26 76% 23 86 „ 30% Dec. 33% Dec. 39% Dec. 110% 70 Dec. 7 127% 2 121 16 75 De~. 11 Dec. 9 23 Nov. 29 106% 66 Dec. 14 Jan. 99% July 28 Feb. 27 Mar. 22 109% Jan. 15 17 29 95 60 25 85% Nov. 22 Dec. 91 99% 57 - Jan. 54 Dec. 64 Sale - 50% May 13 29% Dec. 21 92 1 64% « 19 104% Sept. 3 1 111% Jan. 13 84% Dec. 31 29 27 1 2.119% Feb. Apr. 22 27! 102 96% Dec. 85% Dec. 30 102% May 17 99% Dec. 91 Dec. 98% Oct. 99% Oct. 30 102% Dec. 26% Dec. 60 6 21 Dec. 78 99% Dec. 101 Sale 28% 18 7 13 Dec. 104% 104 Sale 7 115% Jan. 89% Sept. 2 101% Jan. 99 Sept 22 107% Jan. 1 9% Jan. 25 109% Jan. 100 Dec. 23 108% Jan. ..... 83 % Sale. Apr. Dec. 23 100 |100 1 96% Dec. 85% Dec. 30 64 Sale S A ... 85% Dec. 76 " 35 30 130 1944 A O 16 30 108% Dec. 30 98% Sale 85% 86% 84% 89% 91' 95 100 95 99% 102% 106% 108% Dec. 107 151% 83 100 70 108 82% Dec. 29 14% Dec. 109 68 1947 85% 1 98% 97% 100 — 64 A 11% June May Apr. 82% Dec. 6 10 82% 109 60 1945 M 8 Aug. July Sale 1942 ......1944 F 44 100 85% Collateral trust 6s series B....1942 Lehigh 6c New Eng RR 4s A 5 Dec. 20 Mar. 40 5 25 9 57 Lehigh 6c N Y lot gu g 4s Lehigh Valley Coal 5s 106 102% Feb. Feb. 65% Sale O 19 Feb. 84% ..1965 A 9 Jan. 109% Jan. Anr. 18 Jan. -i Jan. 28% Cons sink fund 4 Ho ser C.....1954 J 106 14 Jan. 95 35 Sale ♦1st mtge Income reg—Dec 31 9175 Lehigh Coal 9c Na? 4%s ser A—1954 J 64 100 31 Sale 1997 Dec. 68% Dec. 58% Oct. 22 9 2o 98 1941 Dec. 3 \ 25 92 3H> Sale Dec. 20 vlS 1. 25 66% Jan. 22 1. 21 26% 761,000 Liggett 6t Myers Tobacco 7s. §s_ i 713,000 340,000 Liquid Carbonic 4s con? debs 3,108,000 35 22 108 1 11 27 150 Lautaro Nitrate Co Ltd— 2,783,000 935,000 392,000 186,000 140,000 86,000 126,000 355,000 255,000 364,000 724,000 953,000 5,906,000 2,608,000 2,137,000 494,000 96,000 24% Dec. 28 99% Sale Shore 6c Mich Sou g 92% Nov. 24% Dec. 70 Coll 6c ref 6 H* series C........1953 Col 6c ref g SHi ser D... 1960 1,125,000 Lake Dec. 2 28 44% Sale 5s 1937 extended at 3% to 2d gold 5s 98 Dec. 31% Laclede Cas Lt ref ext 5s........1939 Coll tr 6s series A 94 79% Dec. 23 102% Jan. Jan. 91% Nov. 26 106 23 161% 164% 108% 108% 115% 116% 119% 66 Dec. *23% 68% 100"" 107% A Uniform ctfs of deposit... 1959 M 82 *27 60 9% Mar. 23 ~98% D F Sale 19 27 MN J 97 2% Oct. 79% Dec. 23 108 108% Sale Dec. 104 104% 105% 105% 104% Dec. 35 37 47% 47% 12%. Sale 14% 16% 12% Dec. 33% 98 79% 109 Lake Erie 6c Western RR— 142,000 43 72 {Kreuger 6c Toll class A 2,692,000 94 107 1961 59,000 466,000 Kings Co Ble?ated 1st g 4s.... .1949 82.000 Kings Co Lighting 1st ref 5s 1954 1st 6c ref 6 He 81,000 1954 17,000 Kinney (G R) 5H8 extended to.-1941 "92"" 93% Sale 115% 116 100% 101% 106% 109% .1987 80 2% 94 25 1943 ♦Ctfs 85,000 Kentucky Central 1st gu 4s 8* 2% July Jan. Jan. Feb. Jan. Jan. 26 15 12 17 28 1 Jan. Jan. Jan. Feb. 6 4 Feb. 5 Feb. 18 Feb. 11 Feb. 10 Feb. 11 Jan. 6 129% Jan. fi Jan. 7 136 126% Jan. 13 1 106% Nov. Jan. 14 14 108 2 19 101% Jan. 14 79% Feb. 19 18 106% Jan. 13 4 103% Jan. 25 Jan. 7 29 108 23 106% Jan. 23 31 104% Feb. 25 Jan. Dec. 7 135 116% Mar. 24 124 % Jan. 67% Oct. 20 100% Jan. 11 5 22 26 Y. STOCK EXCHANGE-BONDS N Sales for Jan. 2 Bid $ • M S M S 112 VI ...1940 J ^_2003 O 109 M 111 548.000 LouUvllle Gas Ac Elec 3H>——1966 ....1945 186.000 Lou & Jeff Bridge gu g 4s Highest Lowest Highest Sale Prices Ask Ask Bid Bid Ask Lowest Sale Prices Sale Prices Sale Prices Dec. 31 Dec. 1 1937 Y. STOCK EXCHANGE N. 10654 109)4 10254 Dec. 14 103 106)1 Dec. 16 108 104)4 Sale 104 Sale 103 102)4 Sale 106)4 108 Louisville Ac Nashville RR— 2,251,000 1,048,000 2,100,000 1,389,000 2,965,000 196.001 213,000 20,000 565.000 279,000 27,000 Unified (told 4s 1st Ac ref 5s series B Sale Sale 89 92)4 88)4 77 54 o 103M 97 54 Paducah At Mem Dlv 4s....1..1946 A 3s.......1980 MontO 1st g 414s 1945 Ry Joint Monon 4s.. 1952 s St Louis Dlv 2d gold Mob At Soutb U114 Lower Austrian M S 1,834,000 Metropolitan Edison 4H> tor D..1968 362,000 Met Water, Sewer At Drain 5)4s..l950 243,000 •{♦Met West Side Elev (Chic) 4s. 1938 1977 102,000 ♦Mex Internet 1st 4s asstd. ♦4s (Sept 1914 coupon on) 1977 34",006 ♦Mlag Mill Mach 1st s f g 7s 1956 Michigan Central-Detroit At Bay 169,000 City Air Line 4s 1940 Jack L Ac S gold 3Hs 3,000 1951 1st gold 3Xs... 220,000 1952 Ref Ac Imp 4Vla series C.......1979 501,000 92,000 {♦Midland of N J 1st ext 5s 1940 1,651,000 MllwElRy At Lt 1st At ref 5s ser B1961 1st mtge gold 5s 1,250,000 1971 6,000 {•♦Mil Ac Nor 1st ext 4H» (1880)..1934 1st ext 4 Ha 1939 96,000 Con ext 4^s 1939 118,000 1947 947,000 {•Mil Spar At N W 1st gu 4s 3,000 {♦Mllw At State Line 1st guar 3Kel941 1,805,000 {♦Minn Ac St Louis 5s ctfs 1934 ♦let At refund gold 4s ..1949 1,281,000 •Ref At ext series 5s A .—1963 332,000 1938 2,273,000 MStPAcSSM4s stpd guar 1st cons 5s .1938 463,000 1st cons 5a gtd as to Int...... 2,726,000 89 91 65 56)4 43 40 42 38 2 9X Sale 52)4 Sale 82$ "8754 11* 3 98)4 99 L02)4 102)4 L0554 Sale S 109 109)4 105 104 12 H 16 M S M S J D 9854 • S Sale 91)4 Sale 96)4 Dec. 2 99 7 27 40 24 26 23 Dec. Dec. Dec. Dec. -^Dec, 72 97 85 85 70 108 90 80 66)4 104 .80 85 84 M 8 1 I* ilH ,, J 90 Dec. 23 Dec. 12 Dec. 14 8 Dec. 30 70 Dec. 6 84 Dec. 31 7654 Dec. 6 Dec. 13 107H Dec. 3 96 9854 Dec. ..... 103 87)4 24 98)4 97)4 Sale Sale 102 89 104 91 Sale Sale 9.5 „ Sale 3 E* Sale 13 32 10 40)4 14 .Dec. 9 102 102 Dec. 17 104 6 90 83 Sale 15)4!—~ 12 68 93 Sale 29)4 94 M N 2)4 4 Sale 12)4 Sale 8 9)4 854 12 66 69 June 22 90 78)4 Mar. 6 41 Dec. 102 102 Dec. Dec. 20 Dec. 1^ 90 8554 Dec. 26 98 97 July "30 May 21 Sept. 17 110)4 Jan. 30 Jan. 6 108 Oct. Dec. 17 Nov. 90)4 Jan. Oct. 105 Oct. 105 9 Jan. 7 Jan. 4 June 21 Dec. 27 1454 Dec. 29 60_~ Dec. 27 1754 Dec. 77 Dec. 85 90 60 May 60 Dec. Dec. 9954 Feb. 25 91)4 Feb. 24 9 Jan. Jan. 5 11)4 9 Sale 254 Sale 10 Sale 8 Sale 12 Dec. 9 2)4 Dec. 29 3 Dec. .6 10)4 Dec. 27 6)4 Dec. 27 4 Dec. 3 9 Oct. 19 8 ix 35)4 7354 ..... 2)4 Sept. Oct. 9 Jan. 9 8 57 2154 Mar. 10 Mar. Oct. 8)4 Mar. 37)4 Jan. 8 Oct. 32 10 Oct. 1 1 12)4 Sale 7 7 66 H Sale Dec. 28 Dec. 29 654 Dec. 29 5)4 Dec. 29 Dec. 7754 66 40)4 34)4 Dec. 30 Dec. 6 1454 11)4 15)4 9)4 954 74) Dec. Dec. Dec. Dec. Dec. 6 16 10 10 15 Dec. 9 66 Nov. 28)4 Jan. 95)4 Jan. 25 40 Dec. 6 32 7354 Dec. 10 68 June 18 Nov. 29 Dec. 28 96 Sept .,27 61 H Mar. 11 9654 Jan. 20 Oct. 19 Nov. 26 Nov. 23 8854 Feb. 19 94)4 A.. 1959 J 1990 J J D 49 Sale 32 94)4 95 71 J J J 2 84 72 85 47)4 Sale 7254 7554 39)4 41)4 25)4 ... 13 13 9254 June 16 ~2l""~No"v."i2 "28" 9 34 68)4 Sale 68 Dec. 28 Jan. 41)4 Jan. 654 Dec. 5)4 Dec. Term 1941 Jan. 95 4)4 92 Cent Jan. 33)4 Jan. 1 20 109)4 Feb. Nov. 23 104)4 Jan. 9 554 Dec. 29 1654 Jan. 27 154 Oct. 25 55t Jan. 8 55 454 2 )4 27 100 9 Dec. 100)4 Dec. 31 9954 Dec. 31 97)4 Dec. Dec. 24 77 Dec. 24 77 98 11® 19 Jan. 11 Mar. 3 Dec. 30 100 6 103 Jan. 25 Dec. Oct. 19 107)4 Feb. 2ft 88 75 60 54)4 8)4 5 I 95 40)4 Sale 15 65 Sale 60 87)4 Oct. Oct. 23 Dec. 22 25 Dec. 102 8554 Dec. 90)4 Jan. 2254 Dec. 29 102)4 Oct. 24 18 100)4 9954 77 77 95 8 4 13 Dec. 14 Dec. 3 Dec. 10 109 24 20 25 23 79 ! 7 2 _2)4—--- —- 15 20 23 12 12 14 92)4 Mar. 16 82)4 Jan. 13 69)4 Sept. 27 8 12 Dec. 70 Sale 554 1)4 8 2 14 7 105 A Jan. 4 86)4 Feb. 19 Jan. 90 Oct. Dec. 29 25 8 Dec. 9 102 102)4 101 6 554 Dec. 29 6 554 2)4 2)4 39)4 M 8 Q J 55 Dec. 8 Dec. 1 Dec. 9 Dec. 15 Dec. 101 104 100 il 3 106 Jan; 26 105)4 July Dec. Nov. 90 Dec. "13 14 Dec 84 70 Sale Sale 43)4 15 Dec. 14 108 28 MN 29 107)4 Sale 109)4 90 4354 29% 2654 14H 98 .... 105 31 29 95)4 Nov. 2 9 Dec. 59 Dec. 41 V Dec. 97)4 Sale ::::: 10454 ioT" 105 Dec. 24 93 2254 Dec. 29 25 75 90 A J J J J 55 38 ----- 26)4 94 J 90 99 84 70 10 70 97 Dec. 97 99)4 Dec. 24 99 P 102 109 105)4 8554 110)4 8454 Dec. 30 100)4 Jan. Jan. 109)4 Apr. 29 115 93 Jan.; 23 99)4 Oct. ft a 4 4 " 3 18)4 105)4 M N 7 Dec. 13 Dec. Dec. 23)4 21)4 1254 3H4 20 J 85 79 Dec. 10 Nov. 23 109)4 Jan. Jan. Nov. 26 Ill Dec. 30 10854 Jan. Dec. 103)4 Jan. Jan. Dec. 29 98 Apr. 13 11154 Jan. Apr. 30 96)4 Jan. 3 115 Feb. May ■ 72 32 92)4 Dec. 30 Sale 40 58 27 ser 97 jf 103 98 Dec. 31 Dec. 7 111)4 Dec. 10 111)4 Dec. 10 Dec. 2 84)4 Dec. 30 85 Ill Dec. 17 111)4 Dec. 22 Dec. 15 a96 Dec. 15 a96 V41''Sale 99 2§^ 38 30 Mo Kan Ac Tex 1st g 4s \ 97 Sale 98 —. 49)4 .1938 J refSHs series B , 88 90 56 1949 M 8 1978 J J MStP&SSMAt 98 96)4 1946 J 1st .111)4 111 76 82 54 A M 84)4 .... 05)1 106)4 03 54 Sale 04)4 104)4 81)4 82)4 25-year g 5*1* at Chic Term s f 4s 12,000 448,000 {♦Missouri-Illinois RR 5s 90 93 1st At ref 6s series A 468,000 384,000 505,000 112 - 87 13 Dec. 87 86 112% 90)2 4 0 F ... 1,350,000 111.X Sale 114)1 577,000 McCrorv Stores Corp s f deb 5s__1951 M N 1950 M N 2,884,000 McKesson Ar Robhina deb 5 Via 619,000 Maine Central RR 4s series A....1945 J D Gen mtge 4H> series A........1960 J D 1,080,000 724,000 *t*Manuii Sugar 1st s f 7Vfs.....l942 A O ♦Certificates of deposit..._. 1,391,000 2,900,000 {♦Manhattan Ry (N YV con g 4s..1990 A "6 ♦Certificates of deposit 1,535,000 ♦Jd 4s 2013 J D 172,000 M S 17,000 Manila El Ry At Lt 1st 5s 1953 86,000 Manila RR South Lines 1st 4s... 1939 M N 1st ext 4s 1959 M N 31,000 27,000 {♦Man G B Ac NW 1st gu A Vie —1941 1 418,000 Marlon Steam Shovel s f g 6s 1947 A 397,000 Market Street Ry 1st 7s Apr 1940 Q MN 1,593,000 Mead Corp 6s with warrants 1945 ----- 89)4 115)1 100)1 J 1955 M N Hydro-Blec (Hi. 1944 P A M 107)4 96 Atl Knox At Cin dlv g 4s • $rA 106 Dec. 21 1 105 Dec. 1 102 9954 Dec. 9354 92)4 Dec. 30 9354 7 85 Dec. 89)4 90 79 Dec. 29 82)4 85 106)4 Dec. 15 108 4 4 Dec. 28 103 Mar. 16 112)4 Jan. 99 \i June 4 4 Dec. Dec. Sale 102 Sale 108V{ 108 54 o C D 9954 Sale 93* Sale Sale o ....2003 ser 1st Ac rfef 394s series E Sale 104 Sale 2003 .........2003 1st Ac ref 4 Ha uerles 1st Ac ref 4s YEAR 1937 RANGE FOR PRICES IN DECEMBER Price BONDS 12 Months 1937 30 Jan. 4 7 7 2 8 Mlssour-Kansas-Tazas RR— Prior lien 5s series A 3,441,000 1,423,000 734,000 4,043,000 ......1962 1962 J 40-year 4s aeries B Pr lien mtge 4)4s ser D . ♦Cum adjust 5s series A Jan 1978 J 1967 A 1,025,000 3,741,000 308,000 12,158,000 5,424,000 478,000 8,955,000 897,000 ♦ O 7054 Sale 8 44 Sale 22)4 Sale 1654 Sale 44 Sale 19)4 754 22 43 1965 F General 4s ♦Certificates of deposit..... „ 1975 M S 1977 M N ♦1st At ref 5a series F ♦Certificates of deposit.... ♦ 1st At ref g 5s ser G . 1978 MN : . ♦Certificates of deposit .... ----- 13)4 Sale 6 Sale Sale 22 ii Sale Sale 19)4 —— 2254 Sale 19)4 43 ......1981 M N 4i 44 ♦Certificates of deposit.. I 41)4 ♦Certificates of deposit July 193S 22,000 Mo Pac 3d 7s ext at €% **38 7,00 {•Mobile Ac Ohio gen gold 4s •Montgomery Dlv 1st g 5s 1947 688,000 2,625,000 ♦Refunding At Improv't 4 Via ..1977 ♦Sec 5% notes 1938 1,853,000 1991 378,000 Mohawk At Mai 1st gu g 4s 511,000 Monongahela Ry 1st M 4s ser A..1960 • . J J M 8 F A M S 5| Sale Sale 44 ♦1st ref gold 5s series H ser Sale 22 Sale Sale 43)4 45 32 97 48 Sale 7 54 21)4 Sale Sale §0)4 "21)4 .17 554 Sale 21)4 Sale . 21)4 19)4 Dec. 19 Sale Dec. 28 6)4 Dec. 29 1854 Dec. 28 17)4 Dec. 29 50)4 Dec. 9 43 42 Dec. 3 37 45 Dec. 10 38 Dec. 19 8354 —*-75 im 19)4 Sale 15 Sale 12)4 14 12)4 14)4 15)4 Sale 19)4 19 18 Nov. 22 Dec. 28 4854 Jan. 22 45)4 Feb. 19 9 Oct. 19 Nov. 8 Dec. 29 Nov. 8 24 Dec. 554 18)4 17)4 1854 19 Nov. 23 Dec. 9 Dec. 4 Dec. 8 23 24$ Dec. 13 Dec. 9 23 Dec. 11 2 75 Dec. 2 21 Ai-Vi Dec. 8 Dec. Dec. A! 27 13)4 Dec. 29 25M 16)4 Dec 16 3154 96)4 111)4 Sale 98 3 17 " Dec. 13 Dec. 28 78 Dec. 21 81 78 Dec. 21 75 76 3 106)4 10654 106)4 10754 10654 Dec. 20 107)4 Dec. 108 M S M S M N Sale Sale 103)4 Sale 95 93 H Monongahefa West Penh Pub Serv— 2,699,000 984,000 4,017,000 338,000 \ 24,000 4,000 2,000 25,000 2,809,000 1,638,000 2,404,000 171,000 24,000 < 1st mtge 4*1* 1960 68 debentures ...........1965 Montana Poh>er 1st 8c ref 3Jis 1966 Mont Tram 1stgc General At 108 89 l04" HI" ref 5s series A..1941 refunding 5s A Gen At ref 5s series B 1955 86)4 82)4 .....1955 Gen At ref sT4 Vis ser C Gen Ac ref s f 5s ser D Morris At Essex 1st gu 84 1955 84 ...1955 96 2609 3)1 a Con at r M 5s ser A 1955 MN nstr M 4)1* *«r B_.........1955 MN [ritual Fuel Gas 1st gu 5s.......1947 MN 1941 M N ritual Union Tel 5a.. 100)4 93 869,000 9,047,000 3,092,000 > 12,000 17,000 3,000 963,000 2,000 462",660 623,000 3H>ww '51 Nat Distillers Products deb 4VIS.1945 M N National Rys of Mexico— ♦4*ls Jan 1914 coupon on 1957 J ♦4 Vis July 1914 coupon on ..1957 J ♦4VI s July 1914 coupon off ..1957 J ♦Assent warr Ac rets No 4 on. J J J warr 8c rets No 5 on. 1977 Nat RR of Mex prior lien 4)1 s— ♦Assent warr 8c rets No 4 on... 1926 J J ♦4s April 1914 coupon on .....1951 A O *48 April 1914 coupon off .....1951 A O 1,483,000 4,083,000 138,000 74,000 93,000 135,000 ♦Assent warr At rets No 4 on. 1951 Nat Steel 1st coll mtge s f 4s..._.1965 {♦Naugatuck RR 1st g 4a 1954 Newark Consol Gas 5s 1948 {♦New England RR cons 5s guar 1945 ♦Cons guar 4s 1945 For footnotes, see page 30. "73"" D M N J D J J J J 74)4 74)4 82)4 90 9954 Dec. 8 100 74 74 75)4 71 Sale 70 Sale 93)4 65 69 60 Sale 59 57 58)4 4854 113)4 114)4 11354 50 Sale Dec. 9 Dec. 16 Dec. 30 74)4 Dec. 7754 Dec. 70 Dec. 4754 Dec. 30 6154 Dec. 113)4 Dec. 27 114)4 Dec. *•^1* 98 62 107 Sale 106)4 106)4 3 3 *3 454 Sale 3 3 5)4 70 28)4 27)4 97)4 100 98)4 Sale 101)4 Sale VA Dec. 9 22)4 Dec. 29 554 Sale 4 2)4 154 254 2)4 154 2)4 2 3 4)4 107)4 Sale 72 H 80 122)4 124 70 78 65)4 69)4 ----- Dec. 98)4 June 7954 Aug. 74 Nov: 80 Apr. 74 Dec. 70 Dec. 59 Dec. 4754 Dec. 11254 Apr. 106 Sept. 84 254 ,154 Dec. 29 6 Jan. Jan. Feb. Jan. Feb. Feb. May Jan. 97 H Jan. 102 97 119 27)4 Dec. 111 9854 63)4 29 101 95)4 Nov. 23 107 100 Oct. 19 106)4 70 154 Dec. 1)4 Dec. 2)4 Dec. Dec. 9 22)4 Dec. 29 1)4 1)4 1)4 2)4 Jan. Apr. Dec. Dec. Oct. Sept. 29 17 17 19 23 154 Dec. 154 Dec. 29 254 Dec. 2)4 4 Feb. Feb. Jan. Jan. ----- Dec. 1 9954 Dec. Dec. 1 105 1)4 Dec. 17 1)4 Dec. 17 154 Dec. 29 47 10854 110)4 9954 104)4 85)4 86)4 80)4 Apr. 8954 Dec. 95 9754 Dec. 101)4 Dec. 22 22 20 19 22 21 20 19 17 12 4 4 ----- 1)4 VA 254 2)4 154 3 72 —~ 154 65)4 24 22)4 97)4 100 99 M Sale Sale 105 70 Jan. 4854 Jan. 4554 Jan. 18)4 Feb. 485 Jan. Jan. 465 Jan, 49! Jan. 92)4 Aug. 10 100 97 Jan. 74 Dec. 2 17 Nov. 23 54 X Feb. 8)4 Oct. 19 39 H Feb. 9)4 Oct. 19 3954 Feb. 78 Dec. 21 98)4 Jan. 105 Mar. 19 111)4 Jan. 87 17 Mar. 8 Jan. 22 47 22 22 100 Dec. 79 74)4 Nov. 20 Nov. 8 Nov. 8 Nov. 6 49 Jan. Dec. 24 Dec. 17 87 82)4 75 H 4 4)4 Dec. 29 1854 17)4 1854 18)4 10254 Dec. 29 104)4 Dec. 14 8 8954 Dec. 30 9454 Dec. 111)4 4 J 90 * Sale 100)4 77)4 Sale 73 73 454 Sale 1957 ♦4s April 1914 coupon on .....1977 AO ♦48 April 1914 coupon off .....1977 A O ♦Assent 88** 10254 103 91)4 Sale Sale 119 ashville Chat Ac St L 1st 4s A..1978 FA 531,000 J J 214,000 Nassau llec guar gold 4s stpd... 1951 National Acme 4 Ha extended....1946 J D M N National Dairy Prod deb Sale 4> 19 4 2454 iyX8 19)4 16 9 2054 Dec. 24 1854 Dec. 29 2054 Dec. 24 74 Feb. 9 28 Dec. 28 80 2454 Dec. 22)4 Dec. 8)4 Dec. Dec. 10 Dec. 9 2054 Dec. 4)4 Dec. 29 Feb. 7954 Mar. 18)4 Dec. 29 24 19 76 2554 Dec. 10 88 88 99)4 100 32 21)4 Sale 44)4 Dec. 17 37)4 Dec. 29 38)4 Dec. 29 18)4 Dec. 29 18 Sale 2254 19)4 44 H 1949 M O 1980 A A ♦Convertible gold 5 His ♦1st At re* 5s 46)4 Sale 38)4 42 38)4 Sale _ 1st At refund 5s series A ♦ Sale Sale Sale 42 {♦Missouri Pacific RR Co— 3,310,000 248,000 13,141,000 13,158,000 74 2 254 2)4 Sale 2)4 Dec. 29 154—154 154 2)4 Dec. 22 154 2 154 Dec. 29 154 254 Sale 10454 Dec. 1 107 )4 Dec. 22 10454 Sale 107 Nov. 24 Jan. 22 Jan. 13 Aug. 27 Jan. 2 Jan. ft 4 4 Apr. 29 4 Mar. 31 Mar. 31 254 Aug. 19 6)4 Jan. 9 6)4 Jan. 1ft 754 Jan. 11 —- 55 80 80 117 25 55 11954 2554 31 25 49)4 21 116)4 ----- 40 25 Dec. 28 25)4 Dec. 28 n 6 154 Dec. 29 102A Apr. 8 10754 65 Oct. 19 93)4 116)4 Oct. 28 122)4 52 Aug. 27 82 25 Dec. 28 74)4 Jan!"I8 Jan. Jan. Jan. 2 23 14 Feb. 1 Feb. 2 J Jan., 1938] Sales for 12 Months 1937 * . 2,376,000 1,677,000 259,000 1,825,000 184,000 570,000 944,000 2,455,000 1937 Bid ... New Orleana P S 1st A ref 5a A.. .1952 A O 1st & ref 5a series B .1955 J D New Orleana Term 1st 4s guar.., .1953 ., t*+N O Tex & Mex Income 5s..... .1935 ♦First 5s aeries B Ask Sale 1242| 1252* l91X 95 82 100 Sale Sale 822* Ask Bid igg 1 RANGE FOR Sale Lowest Ask 1232* 1222* Sale 120 2/ 121 107 1062* 107 722* 57 "462* 65 Sale 942* 99 100 95 97 Sale 99 1002* 27 782 292 47 64 33 A A IP 48 ♦First 5 Via series A .1954 A O 502* J 1112* A Sale 35 50 Sale Sale ♦lit 4Hs series D 1042* Sale 1032* Sale ..... Bid Dec. 31 Highest Sale Prices Sale Prices Lowest 122 Dec. 28 2* Dec. 31 125 1202* Dec. 29 122 3* Dec. 8 95 J956 F .1956 F 190,000 ♦Certificates of deposit..... 59,000 Npt V Cln B i»en gu g .1945 J 1 104 392* 482* .1954 Dec. 125 2* ♦Certificates of deposit..... ♦lat mtge gold 5a series G PRICES IN DECEMBER Jan. 2 £0, 829.000 New England T Ac T 39-71 5a A— .1952 J D 795,000 1st .1961 U N aeries B 6,000 N J Junction RR go 1st 4a .1986 F ▲ <842,000 N J Pow & Light let .1960 647.000 New Orleana Great Nor 5s ser A., .1983 564,000 N O A N'eaatern ref 42*« series A .1952 1,884,000 Price 11 BONDS N. 7. STOCK EXCHANGE 322* W* 52 37 45 Dec. Dec. Dec. Dec. Dec. 58 52 48 28 58 45 28 Dec. Dec. "35" Sale 332* Dec. Dec. 14 30 Oct. Dec. 11 32 Dec. Dec. 933* Dec. 75 Dec. Dec. 75 32 54 34 352* 302* 42 30 322* 362* 35 Dec. Dec. Dec. Dec. 32 Dec. 822* 922* 792* Dec. 29 1 862* Dec. 912* Dec. 30 86 64 72 592* Oct. 35 812* 862* 662* 732* 842* Sale Sale Sale Sale Sale 82 922* 972* 662* Sale Sale Sale 21 32 Dec. 4 30 Dec. 21 30 Dec. 13 32 110 Conaol 4a series A .1998 F 10-year 3%n secured s f....... 1946 A Ref 8c I rapt 4 His series A.......2013 A O Ret A Impt 5a series G........ 2013 A O .... 644,000 917,000 95 Sale 1012* Sale Convsecured 3lis............ 1952 MN 4,637,000 MYC&HRg 7,561,000 1,784,000 O .1997 mtge 3Ms. Debenture 4s of 1912.. 1942 Ref Ac lmpt. 4Hi* series A...... 2013 A ... J J O Lake Shore coll g 3 Ha 1998 f 1998 F A 1032* 1082* 1082* 95 A Mich Cont coil g 3 He 101 952* Sale 98 912* 64 Sale 712* Sale 832* Sale 942* Sale 952* 962* 642* Sale 812* 85 75 852* 782* Dec. 24 72 80 81 81 743 Sale 74 63 3 71 Sale 612* Sale 1U/ Y4, 1073* Sale 00,10 962* Dec. 31 712* Dec. 29 80 Dec. 28 922* Dec. 1 Dec. 6 Refunding 5H* series A...... 1974 A O 1978 M 8 Refunding 4Hs series G 3-year 6a Octl 1938 A O 4a collateral trust ... 1946 F 401,000 758,000 128,000 47,000 1,043,000 245,000 Serial 5s g notes Certificates of deposit 1938 A .... 94 982* Sale 982* 772* 872* A 420,000 N Y Connecting 1st go 42*i A... 1953 F A 13,000 1st gtd 5s series B............ 1953 F A 946,000 N Y Dock 1st gold 4s.........— 1951 F A 1,394,000 38,000 3,158,000 2,048,000 1032* Sale O 108"" -II" 1082* 672* 632* - 68 65 .0 % 42 452* 45 40 N Y Edison 334* series D 1st Jlen & ref 3H* series E N Y A Erie- See Erie RR. 1965 A O ... 2 11,000 N Y L K Ac W Goal Ac RR 5H« Dock Ac Impt 1st 5s 68,000 58,000 N Y Ac Long Branch gen 4a 5,000 J*NY4N Eng (Boat Term) 4s 103 Sale 102 1002* 1002* 1062* 1022* 103 1092* 1092* 1942 M N 102 1943 J J 1941 8 Dec. 123 Dec. 1232* 122 1132* 1142* 1122* Dec90 102 ... 104T* 1012* 93 1 108 Dec. 13 67 90 502* Dec. "7 482* Dec. 27 Dec. 22 1 1032* Dec. Dec. 1 103 21 2 123 22 46 Dec. 21 80 Nov. 30 982* Feb. 5 972* Jani 11 69 Feb. 105 952* Feb. Nov. Oct. 47 23 962* Jan. 18 8 6 Mar. 31 1002* 4 1052* Feb. 2 1092* Aug. 1092* Oct. 29 722* Jan. 21 712* Nov. 87 20 19 53 106 12 23 20 Oct. 19 103 Jan. 16 Dec. 28 1092* June 9 782* Dec. 24 Dec. Mar. Nov. 372* Oct. 402* Oct. 97 Apr. 972* Apr. 72 Jan. 22 60 Aug. 20 6 1052* Jan. 2 1052* Jan. 1162* Apr. 1092* Apr. 1252* Jan. 1172* Jan. 15 1012* Jan. 28 Feb. 6 83 107 992* Apr. 82 Dec. 16 942* Dec. ,1 85 95 Dec. 82 Dec. 942* Dec. 992* July 100 99 962* Jan. June 3 1142* Dec. 24 80 100 O 782* Dec. 23 13 16 11 932* 100 88 8 102 _ 80 ^5 942* Sale 1062* 1082* 109 1939 A 44 Sale 5s. 1946 MN M 42 102 1162*1172* Dec. Dec. Dec. Dec. Dec. 29 Dec. 2 Dec. 27 48 Sale A 19 1082* Oct. 1012* Dec. 1949 F ... Dec. 29 602* Dec. 28 75 Dec. 6 87 Dec. 3 Sale 1052* 1973 N N iVA 80 9 1062* Jan. Nov. 24 1042* July 842* Dec. 13 792* Dec. 16 Dec. 103 1252* 126 ..... 43 Apr. 1 552* Mar. 5 622* Mar. 31 57 1 Apr. 5 19 1132* Jan. 25 80 Sale O .... Guar 4Hi series B 46 60 19 Jan. 892* Nov. 23 105 95 Dec. 28 1082* Jan. 912* 1082* 1072* Dec. "502* 68 10 4 542* Apr., 21 592* Oct. 102 D 2000 M N N Y Lack & Western 4s ser A.... 1973 M N 48 792* Dec. 10 22 21 . 592* Mar. 31 772* Nov. 87 Dec. 512* Feb. 952* Dec. 27 972* Dec. 1 Sale 1948 J Purchase money coll tr g 4a.. M Sale 8 9 22 7 1002* Jan. 9 72 Dec. 28 105 1966 A N Y Gas El Lt Ht Ac Pow 5s N Y Ac Greenw L prior lien gu N Y 8c Harlem g 3Ha 50 80 90 Sale Dec. Feb. 853* Feb. 643* Dec. 29 95 New York Chicago & St Louis— 3,277,000 11,707,000 2,545,000 2,755,000 85 Oct. Dec. 98 25 21 24 11 Mar. 4 19 1032* Jan. Jan. 19 103 19 Nov. 27 Nov. 8 Oct. 20 36 New York Central RR— 6,068,000 5,937,000 7,344,000 10,921,000 16,838,000 Dec. 28 Nov. 23 902* Oct. 892* Oct. 35 116" 1937 Highest Sale Prices Highest 1182* Mar. 23 1272* Jan. 1162* Apr. 7 1252* Jan. 100 Oct. 8 101 May 1042* Mar. 23 1082* Aug. 21 Dec. 8 Dec. 20 Dec. 20 Dec. 3 95 28 32 512* 1062* Dec. 65 952* Sale 952* Sale 76 742* 342* Sale Sale Sale YEAR |.. 1042* 1002* 105 1052* Jan. 19 4 1092* Jan. 102 May 27 1062* Jan. 12 9 1082* Jan. Mar. 23 98 Dec. Nov. 1012* Nov. 100 98 16 Mar. Y New Haven Ac Hertford— 216,000 283,000 •Non-con? debenture 48.." 1947 M 8 41 Sale 213* Dec. 35 40 192* Dec. 18 O 16 18 ♦Non-con? debenture 3Hs O 352* 382* 212* Dec. 13 18 363,000 943,000 202* 24 192* 35 182* Sale 17 ♦Non-con? debenture 33*«-.-- 1947 A 162* 21 Dec. 20 40 43 173* Dec. 29 21 Sale 172* Dec. Dec. 10 18 42 202* Sale W* 23 40 19 Sale Sale 1,254,000 661,000 1954 A ♦Non-con? debenture 4a...... 1955 J ♦Non-con? debenture 4s J 1956 If N ♦Convertible debenture 3H*-. 1956 J ♦Convertible debenture 6s 1948 I J 5,018,000 J 1,131,000 ♦Collateral trust 6s..... 1940 A O 2,072,000 ♦Debenture 4s 1957 M N ♦lat 8c ref 4H* 4,421,000 1967 J D of 1927 ♦ 576,000 tarlem R Ar Pt Ghea lit 4s... 1954 M N 4,673,000 t»N Y Oat At West 1st g 4s 1992 M S 1,504,000 ♦General 4s 1955 J D ... ........... 15,000 t*N Y Pro? Ac Boston gen 4s 340,000 N V 8c Putnam 1st con guar 4a .. 1942 A 1993 A 63 45 90 62 1053 1093 M S Sale A O 1092* 1072* Sale *93"" 1957 M Aug 15 1963 F 3,173,000 344,000 1,601,000 1042* 1062* 1052* 1262* 1182* 872* 812* 105 Sale Sale 121 175,000 3,200,000 4,006,000 2,493,000 812* Ill ..... 4 70 Dec. 29 6 Dec. 1 107 45 $ Dec. 14 52 91>i Dec. 28 J 732* 88 J* Sale Sale 872* Sale Sale 1092* 1082* 109 74 78 75 77 Sale 75 1022* 98 80 1022* J Sale 109" " IIII! 1062* Sale 11 14 112* Sale Jan. 21 8 Dec. 2 1052* Jan. 90 95 6 942* Dec. 15 1083* Mar. 2 1022* June 11 1082* Apr. 16 4 982* Sept. 15 1072* Feb. 98 June 11 1072* Jan. 26 Jan. 102* Nov. 10 Dec. Jan. 7 Nov. Dec. 692* Jan. 1062* Jan. 1092* Jan. 101 Sept. Aug. 105 100 24 106 Apr. Apr. Dec. 29 7 Dec. 75 Oct. 682* Dec. 9 Dec. 24 Dec. 29 Dec. 29 104 112 Dec. 3 8 11 Dec. 29 Feb. 4 1092* Feb. 15 322* Jan. 21 Jan. 18 31 7 822* May 952* Oct. 6 Dec. 2 7 8 942* Jan. 25 Jan. 26 98 222* Feb. 19 5 1093* Jan. 1082* Dec. 24 Oct. Dec. Dec. 30 1092* Jan. 4 70 11 Sale 60 73 86 762* Dec. 29 77 Dec. 8 972* Dec. 632* Dec. 22 77 J J 123 1242* 1062* 1072* 1012* ..1962 J J Pacific Coast Co 1st g is........1946 J 1) "752* "762* Pacific Gas Ac El 4a ....1964 J D 1961 J D 1102* 1072* 1966 J D Sale Sale Dec. Oct. 82* Nov. 452* Dec. Apr. 122.; Jan. 2 97 1062* Jan. 16 Oct. 982* Oct. 1012* Apr. 952* Oct. 120 July 119 July 902* Dec. 81 Dec. 11 20 7 20 26 28 14 Dec. 1124 Dec. 1012* Sale" Sale IIOK5 109l3»2 1052* Jan. 8 1062* Jan. 2 107 Feb. 13 1252* Mar. 1 120 June 18 3 83 76 76 1 Dec. 103 Dec. 1012* Dec. 21 Dec. 109"«2Dec. 622* Sale 10 972* Dec. 22 29 Sale 1002* Dec. 1013* 992* Dec. 113 1102* Dec. 1112* Dec. 1072* Dec. 1172* 115 H Dec. 1172* Dec. Sale 1042* Dec. 100 101 1002* Dec. 65 Dec. 652* Sale Dec. 8 10927«Dec. 13 102 28 102 2 112 Sale 17 8 Dec. 23 Dec. 7 Dec. 21 17 2 1092* Dec. 23 1 1172* Dec. 20 3 1183* Dec. 20 1 107 Dec. 21 10 1002* Dec. 20 1112* Dec. 74 Dec. 1072* Dec. 1032* Dec. 992* Dec. 96 Oct. Dec. T Oct. 1092* June 95 Oct. 982* Oct. Jan. 110 Jan. Jan. 332* Jan. 14 Nov. 20 100 Dec. 23 Sept. 4 6 8 Jan. Feb. 114 Jan 115 1212* Jan 65 54 1092* Dec. 22 1052* Dec. 31 1012* Dec. 31 103 I1H Dec. Oct. 20 102 104 115 1032* Apr. 992* Feb. 5 June 22 1122* Jan. 115 Nov. Feb. 9 29 2 18 1012* Dec. 21 Nov. 117 12 2 5 6 13 29 1092* Jan. 19 1062* Jan. 1072* June 106 Apr. 110 16 6 10921 Jan. 10421 June 3 10721 Sept. 23 Dec. 31 Dec. 23 Jan. 8 58 1092* Sale 1052* Sale 1012* Sale 9 Jan. 23 Mar. 19 106 112 1022* Dec. 107 Sept. 11 83 87 81W Jan. 112H Jan. 8221 Jan. Dec. Nov. Nov. Nov. Nov. 109 1003* 1012* Sale 992* Sale 1113* 1112*. Sale 1092* Sale 1152* 1172* Sale 1052* Sale 60 10 Dec. 21 Dec. 24 722* June 902* Nov. 70 1 Dec. 70 15 812* Dec. 23 1022* Dec. 28 1022* Dec. 28 Sale 92* 1082* 101 1022* Sale 1002* 1012* 1002* 96 962* Sale 10j Dec. 29 Dec. 1 Dec. 28 Sale Sale Dec. 24 108 j 96 m 111 2* 113 D Ore-Wash RRAtNa? IstAtref 4s...1961 J J Oslo Gas Ar Elec extl s f g 5s.....1963 M S 1 120 Sale 92 622* Sale 742* Sale 114 Dec. Dec. 10 Dec. 3 Dec. 28 70 Sale A 65 Jan. Jan. 7y Jan. 18 Mar. 16 1012* Apr. 77 682* Dec. 23 992* 462* 422* 1012* Nov. Dec. 722* June 30 Sale J 5 98 43 '76"""pgTil 61 J Dec. 72* Dec. 106 70 95 J Oct. 75 Dec. 27 70 "71 " 70 1946 J 70 Sale g 5a.. 1946 J ...1946 J For footnotes, see page 30. 50 Sale Sale J Oregon RR At Na? G 46 20 9 1072* Dec. 16 Dec. 29 9 105 105x8 * 1042* 1072* 1082* 1072* Dec. 15 1083* Sale 95 Dec. 93 2 952* 98 972* 3 972* Dec. 992* 112* 102* 102* Dec. 28 122* Dec. 102* 122* 7 112* F 1132* 1142* 1132* 114 1202* ser 17 72* Oct. • 70 1945 II N 1st Ac ref mtge 32** ser H 1st & ref mtge 32*« ser I Dec. Dec. 31 1022* Sale 1022* 1022* 1003* Dec. 14 1022* Dec. 1 1022* 1032* 1032* 1042* 1022* Dec. 8 103 3* Dec. 3 98 Dec. 992* Sale 992* 100 8 100 Dec. 22 125 1192* 125 1152* 119 84 1943 F Otis Steel 1st mtge 43*s A 43 1062* Dec. 1032* Dec. 18 Dec.v20 102 D g 4s 8 112* Dec. 113* Dec. 21 6 Sale D con 29 102 Ontario Transmission 1st 5s con 42* 29 Dec. Sale 1966 J stamped 69 Dec. Dec. 8 1052* Ontario Power N F 1st 5s 1st guar cons 5s 472? 14 A 8 1 6 14 10 Dec. .......1946 J Oregon Short Line 1st 2 1072* Dec. Sale Ohio Indiana Ac West 5s...Apr 1 1938 Q-J fOhlo Pub Service 7s series B...1947 F A 32*a 28 1192* J 86,000 1,000 Ohio Connecting Ry 1st 4s......1943 M S 3,910,000 Ohio Edison 1st mtge 4s.........1965 MN 1st mtge 48... .....1967 M S 32,000 1st mtge 35*a J 1,042,000 1972 J 4s debentures Ik* 60 162* 102* "79" 4 Sale O Oklahoma Gas Ac Elec 1 Dec. Sale 16,000 Northern R? of Calif guar 5a 1038 A 8,000 N'western Teleg 4H« extended ..1944 J 805,000 647,000 470,000 74,000 508,000 298,000 196,000 43 Sale 1062* Sale 1042* "65" Sale 80 J ♦Ogden At Lake Ch lat guar g 4s.1948 J ♦4s stamped ......-1948 J Dec. 65 1062* Dec. 1 Sale A Dec. 8 8 O No? 15 1969 MN Northern Pacific prior lien 4a 1997 Q Gen lien ry At Id gt 3a Jan 2047 Q Ref At Impt 4Hs Series A.....2047 J ?8 78 Sale MN 18 70 Sale A Dec. 892* Sale Sale O Re/ At Impt 6s Series B.......2047 J Ref At Impt 5s Series G.......2047 J Ref Ac Impt 5a Series D 2047 J 334",600 13 66 1062* Sale 1032* Sale 962* 14,000 North Cent gen Ac ref 5s ser A...1974 M 8 Gen At ref 4 Hs series A 15,000 ...1974 M 8 ^♦Northern Ohio Ry 1st guar 5s_ Oct 1 1934 and sub coupons 55,000 1945 A O ♦Oct 1937 and sub coupons 6,000 1945 ♦Stamped as to sale of April 1 1933 to April 1 1937 ind coupons. 1945 21,000 1,460,000 36 Sale 16 Sale 756,000 1,394,000 1,818,000 653,000 15 92 2* i F 108 152* Dec. 20 Dec. Dec. Dec. Dec. Dec. 162* Dec. 32 102* Dec. 7 98 67 Dec. 1 Dec. 922* 90 2 91k- Dec. 28 99 Sale 90 962* 942* Dec. 15 99 Dec. 1 1062* Sale 1062* Sale 1 107 3* Dec. 14 1062* Dec. 1052* 1052* 106 6 1062* Dec. 27 1052* Dec. 1052* 1052* 1052* 106 2 1052* Dec. 3 1052* Dec. 902* D A 13 98 65 69 J North Am Edison deb 5s Deb 5 Hs ser B 1,139,000 Sale j ........ 5,327,000 4,543,000 1,852,000 8,007,000 ' J g 4s...1996 A North American Co deb 5s ...1961 F ser A Sale 6 Dec. 72* Dec. 28 52* Dec. 29 Mar. 47 1 462* Feb. 19 442* Feb. 16 472* Feb. 20 Feb. 18 47 Feb. 18 45 Feb. 16 60 Feb. 17 71 372* Feb. 19 Feb. 18 55- 192* Dec. 9 80 J MN Dec %. .uec. 372* Dec 75 702* "932* 25 Sale 92* Sale Sale Sale 18 80 106 J Dec. Dec. 23 Dec. 29 9 202* Dec. 28 105 A 20 32 063* 1062* A MN 212 9 222* Dec. 202* Dec 13 Sale 62 2* F 28 162* Dec. 29 152* Dec. 29 13 23 98 Sale 27 102* Dec. 21 242* Dec. 10 Sale 1062* 1062* 1072* 1062* 1072* 1062* 1072* Dec. 18 172 16 37 92* "932* 922* F M N 25 352* 82* 109 J con Deb 5a aeries C Sale 412* Sale 92 1,664,000 2,154,000 Norfolk Ac West Ry 1st Sale 262* Sale 462* Sale 95 952* O O 819,000 N Y At Queens El Lt Ac Pr 3His 1965 M N New York Railways Corp— 310,000 1958 J tPrior lien 6s stamped J 195,000 N Y At Rich Gas 1st 6s A .1951 M N 817,000 New York Steam 1st is ser A.... 1947 M N 1st mortgage 5s............... 1951 M N 1,052,000 1st mortgage 5s............... ,1956 MN 1,574,000 953,000 **+N Y Susq At West lat ref g 5a.1937 181,000 ♦♦Second gold 4H* .1937 298,000 ♦General gold 5s .....1940 56,000 ♦Terminal 1st gold 5a.........1943 3.070,000 N Y Tel 1st Ar gens f 4 Hi 1939 Ref mtge 3Ha series B........1967 960,000 86,000 N Y Trap Rock 1st s f g 6a 1946 6a stamped 296,000 1946 Y Weatchea At Boa 1st 4fc»-1946 6,521,000 1,360,000 Niagara Falls Power 3H> ...1966 308,000 Nlag Lock At Ont Pow lat 5a A...1955 1,476,000 Niagara Share (Mo) deb 5HS....1950 1,569,000 Nord Rys extl s f 6 Ha 1950 3,492,000 •^♦Norfolk South 1st At res 5s A.1961 ♦Certificates of deposit 1,332,000 299,000 *t*Norfolk Ac South 1st g 5s 1941 382* Sale 4724 Sale Dec. 123 Jan. 21 7 4 15 1072* Jan. 103 3* Sept. 11 922* June 22 82 Mar. 24 4 Mar. 111 Mar. 4 1072* Jan. 1012* Dec. 31 Apr. Jan. 28 N. Y. STOCK s* Sales for 12 Months 1937 BONDS ». Y. STOCK EXCHANGE If 1,321.000 Ref mtge 3 $* c series C 1966 11,000 Paducab 8c Illinois 1st s f 4Hs..l95i 678,000 Panhandle Eastern Pipe L 4s A.. 1952 _ 727,000 Ask Bid ' Dec. 31 Ask Bid 85 103$* ... 102$* 101M Ask 88 82 93 Sale J 8 _ Highest Lowest SalePrice Sale Prices 84 Dec. 16 Sale Dec. 104$* Sale 102 103$* 104$* 101$* Dec. 1937 103 97 M Sale 1 1043 6 100 109 99 97$* Dec. 63 Sale 60 Sale 59 1955 J J Sale 90 Sale 88 Sale 88$* Dec. 29 75$* Sale 8 71 76 37 Sale a91$* Sale M A Sale M 123 M 90 M 40 119$* 45 ----- 94 118M 79$1 116 50 71 90 Dec. 14 Dec. 28 Dec. 16 Highest Sale Prices Sale Prices s Dec. 16 Dec. 22 Dec. 22 Sale .....1947 M 84 1 104! A f 6Ms... 1968 743,000 Parmelee Trans conv deb 6s 1944 36,000 Paterson 8c Passaic G & E 5s 1949 122,000 ♦Paulista Ry 1st & ref 7s ser A...1942 YEAR Lowest 85 106 Sale D M Dec. 1 1937 Paramount Broadway Corp— 1st mtge s f g 3s loan ctfs......1955 F Paramount Pictures Inc— 4,181,000 s f debenture 6s 1,638,000 3$*s conv debenture 1,634,000 Paris-Orleans RRExt s ; J 3 RANGE FOR PRICES IN DECEMBER Price Jan. 2 $ 236.000 Pacific RR of Mo 1st ext 4c 19X8 F A J J 80.000 2d extended (told Sc. ......1928 1,428,000 Pacific Tel 8c Tel 3$* s «er B 1966 A O t EXCHANGE—BONDS 84 .g! 7 4 Jan.^4 Dec. 22 108 3* Aug. 13 19 101$* Sept. 7 Dec. 16 Sept. 15 Apr. 10 98$* Apr. 9 108% Aug. 13 95 99 Dec. 30 97 Oct. 63 Dec. 59 Dec. 14 913 753 Dec. 93 !• Dec, Dec. 10 37$* Dec. 31 42$* Dec. 21 118$* Dec. 29 118$* Dec. 29 Jan. Jan. 753* Mar. 17 1053* Feb. 10 96?* July 22 88$* Dec. 71 Dec. 90 July 37$* Dec. 116$* Apr. Jan. 103 28 773* Jan. 14 122$* Jan. 13 96 Aug. 20 Nov. 80 102$* 1023* 105$* 104$* Pennsylvania Co— 71,000 Guar 3 Ms coll tr ctfs ser B 1941 16,000 Guar g 334s tr ctfs series C 1942 76,000 Guar g 3Ms tr ctfs series D... 1944 151,000 40-year guar tr ctfs 4s Ser B.. 1952 3,715,000 28-year 4s 1963 1,480,000 Penn Dixie Cement 1st 6s A 1941 154,000 Penn Glass Sand 1st mtge 4$*s_. 1960 F A D D M N F ......... A M *• D 106 $* 107 106 $* 107$* 108 M HO 106 % Sale 99 M Sale 105 X Penn Obio A Detroit RR— 977,000 536,000 7,076,000 231,000 444,000 699,000 5,830,000 883,000 5,798,000 2,683,000 6,790,000 5,089,000 3,939,000 24,952,000 309,000 1,092,000 489,000 1,366,000 59,000 2,283,000 753,000 2,125,000 13,284,000 159,000 97,000 134,000 226,000 5,726,000 2,702,000 4,820,000 6,726,000 5.471,000 258,000 1st A ref gold 4 Ms series A 1979 A O J 4Ms series B 1981 J Penn Pow ft Lt 1st M 4Mb 1981 A O Penn RR consol gold 4s........ 1943 M N ........... 1948 MM MM Consol gold 4s Stamped dollar bonds...... 1948 Gen mtge 3$*g series C .1970 Consol 4Mb issue of 1915 1960 General 4 Hs Series A 1968 A O F A J D ..... General 5s Series B Debenture gold 4Mb.. General 4Mb series D D 1968 104 104$* 108 M 105% Sale 112 115M 116M 116 116$* 103 % Sale 125% Sale 115M Sale 122 Sale .1970 A O 106 .1981 A Gen mtge 4%s series E.........1984 J Conv deb 3Ms .1952 A O 110M Sale J 111 .1943 A O Peoples Gas & Coke 1st 6s Refunding gold 5s Peoria A East 1st cons 4s.. ♦Income 4s (flat) ..... Peoria & Pekln Un 1st 5M» A... Pere Marquette 1st 5s series A....1956 J 1st 4s Series B .1956 J C A J J ............. 1st g 4M« series C Phelps Dodge conv .1980 3Ms deb......1952 M J F ♦Convertible deb 6s .1949 ♦♦Philippine Ry 1st 30-yr s f 4s. 1937 Plllsbury Flour Mills 20-yr 6s .1943 56,000 Pirelli Co (Italy) 199,000 Pitts Coke conv 121M 116$* 117 98 % 99 15 17$* 112M 105 $* Sale 100 % 101% 103 104 D Pbila Bait 8c Wash 1st g 4s 1943 M.N F A General 5s Series B 1974 J Gen g 4$*s series C—..........1977 J General 4Mb series D .1981 Pbila Company secured gold 5s..1967 Phila Electric 1st & ref 3Ms .1967 {♦PhMa A Read C A I ref 5s .1973 Sale O .1947 M fr .1940 A O .1990 A .1974 F Sale J D J D M J M 8 111% 125 130 117 121M 115$* 116M 105M Sale 8 j 113$* J J 4 O M N 7a_....... 1952 4$*s A....1952 M A O Sale 24 M Sale 19$* 19M 106 108 104 96 88$* & Iron conv 1st gen 5s series C 1st 4Mb series D 1974 11977 5,740,000 Portland General Electric 4 Ms.. 1960 1st 58 1935 extended 220.000 to 1950 518,000 Porto Rican Am Tobac conv 6s_. 14,069,000 {♦Postal Teleg A Sable coll . 558,000 1,271,000 111,000 25,000 1,102,000 MN F J A D com stk — 113$| 113$* 105$* 112 F A 124$* 124$* 124$* 122$* 125 122 1 23$* 106$* 107 M ... D A O J MN . J D 95$* A O 87 94 93 Sale A O J D F A J D D 115 M 8 J J J J J J J J J M N M e 112$* 122$* 103 103 101 Sale 103$* .104$* 101 106 -78$* "80$* 40$* Sale 106 96$* 16$* 83 M 111 J 1997 1956 4Mb—1956 M 107$* 107$* S 110$* Sale A O F A M N MN J J J 99 105 20$* J A D J ft coll trust 4s series A.1949 A O El 4M* ser D...1977 M S M 8j Gen mtge 5s series E ...1962 con Rochester Gas & 7$* 101 77$* J J 1941 J see J 111 110 8 107 Sale 76 61 6 9 105 107 15 Dec. 1 115 Dec. 29 2 115 Dec. 29 1 94$* Dec. 22 6 120$* Dec. 28 1 106$* Dec. 23 1 113$* Dec. 24 Dec. 15 110 Dec. 103 Dec. 21 Dec. 22 103 D< 22 Dl. 11 116$* Del 109$* De< 27 28 91$* 89 Dec. 14 60$* De 8$* Del 6$* Dec. 27 105 Dec. 17 105 Dec 60 29 8 17 1 85$* Dec. 22 77 Dec, 27 2 80 Dec, 28 «103 2 Dec 109$* 110$* 109$* Dec. 18 111$* D ec 114 Dec. 29118 123$* 114 Dec, 123$* 117 103 114 109 Dec. 4109 Dec 107$* 109 103 107 Dec. 21 110 115 107$* 109 Dec, Sale 91 94 Sale Dec, 90$* Dec. 15 94 31 "69k Sale 100$* 109$* Sale 105$* Sale 16 x5$* 108 Sale Sale Sale 109 101 80$* 107$* 110$* Sale 7&$* Sale •77$* Dec. Sale 69 68 Sale 78$* 103 100 105 106$* Sale 16$* Sale 14$* 4$* Sale 3$* 10 10$* 11 108 108$* 109 .—^100$* 86 85 75 Dec. Dec. Dec. Dec. 2 106$* Dec, Dec. 16 Dec. 29 16$* Dec, 11 3 Dec. 30 108 Dec. 110$* 110$* 110$* 110$* Dec. 75 Dec. 8 111 Ilf" 118$* Dec. 2 120 Sale" i04 116 102 Sale 106 116$* 112$* 115 108$* Dec. 110 116$* 108$* Dec. 104$* Sale 101$* Dec. 60 Jan 9 Jan. Jan. Jan. 100$* Nov. 29 115$* Janv 1C5$* Nov. 26 123 JanJ 95$* 95$* 82$* 1163* 108$* Nov. 26 107 Jan. Nov. 26 1113* Jan. 23 12 Nov. 26 111 M Jan. 12 Oct. 19 111$* Mar. 11 15 121$* Jan. 2 1173* Jan 14 Jan. 99 7 5% Oct. 19 26$* Feb. Dec. 17 113 Jan. 105 Jan. 76$* Nov. 24 106 25 19 2 60 69 Dec. Dec. Dec. Dec. 6 101 Jan. 9 9 4 2 103$* Jan. Dec. 4 97$* Nov. 24 1193* July 26 8 x07 Apr. 17 113$* Jan. 68 8 Jan. 4 119 Jan. 12 Jan. Oct. 19 106$* Jan. 19 11 June 25 106$* Oct. 19 503* Dec. 30 87 23 102 31 13 Feb. 23 3 Dec. 29 ,26$* Feb. 2 8 Oct. 19 30 106 Jan. 3$* n» Jan. Mar Dec. 30 100$* Aug. 16 Mar. 17 101 3 11 Jan. 15 Jan. 28 22 Jan. Mar. 16 Jan. Feb 29 2 15 12 123$* Jan. 6 6 Nov. 24 Dec. 23 50 Dec. 29 15 15 *pr: ! is* Jan. 3? 27 60 Dec. Jan. 8 124$* Jan, 8 124 Jan. Apr. 112$* Jan. 64$* Oct. 62$* Dec. 1093* Dec. Feb. Mar. 25 125 3* Jan. 1083* Dec. 108$* Dec. Dec. 8 7 1093* Dec. 21 6 102 Sept. 4 111$* Apr. 13 1133* Oct. 13 113$* 110M Oct. 11 113$* Mar. 16 112$* 108 110 Aug. 23 111 Mar. 30 114$* 109 109 3 114$* Apr. iiS* 113 111 108 "64"" 50$* "78" 64$* 70 60 Dec. 52"" Sale 50 Dec. 61$* Sale 108 109$* 109$* 110$* 108$* Dec. Jan. Dec. 21 117 104$* Dec. *61"" Aug. 23 25 28 Jan. Dec. 112$* Dec. 113 June 23 Mar. 18 129 Dec. 110 1 107 Dec. 116 . 6 12 109 110 120 100$* Nov. 29 107 5 111 109$* Feb. 96$* Oct. 19 1063* Mar. 17 112$* 108 109 Apr. 27 116$* 109$* Apr. 28 116$* 89$* Oct. 19 103$* 115$* Mar. 18 126 106 Ill Jan. 31 102 Mar. 21 105$* Jan. 116 Dec. 30 111 117 19 4 108$* Dec. 20 110$* Dec. 13 111$* 1 6 Jan. Feb. 22 3 5$* Dec Dec. 29 9 12$* Dec. 2 109$* Dec. 21 Dec. 108$* 110$* 110$* 56$* Sale 50$* Sale 48$* Dec. 104$* 104 $4 103 % 104$* 104$* Dec. 45 52 45 51 h 42 Dec. Sale 13 102% 104 75$* 82 7$* Sale 104 12 83 C J Jf O 86$* 92$* 78$* 89 Sale 89 Sale 91$* Feb. Jan. 97 % Feb. 5 28 112 92$* Sale 6 10 _ 104$* 103$* Dec. 81 75$* Dec. 5$* 7$* 5$* Dec. 83$* 85 84 Dec. 77 \ 74$* 93$* 93$* Sale 75 41 Oct. 19 Jan. 14 104 Oct. 19 Feb. 42 Dec. 17i Jan. 20 27 19 5 Dec. 13 Dec. : Dec. 93* Oct. Apr. 104$* Dec. 76 70 7$* Dec. Dec. Dec. 22 85$* Dec. 75$* 1083* 883* 19 45$* 106 100 Dec. 8 84 Feb. 4 28$* Feb. 20 90 Dec. 75" Jan. Jan. 100 Nov. 53* Dec. 85$* Jan. 28$* 30 "25" 19 Dec. 94 i'12% 112* Dec. 117 113 Feb. Mar. 101 25 6 84 106$* 84$* 100$* 26$* 213* Dec. 28$* Dec. Sale 28 29$* 88$* 90$* 89 -!or 13 Dec. 10 104 45 26 42 19$* 30 Dec. 22 Dec. 4 10$* 24$* 10$* 15$* 12$* 108$* 9$* Dec. Dec. 50 Dec. 45 11 10$* 8 $4 16 Dec. 28 18 11 Dec. 22 Dec. 29 40$* Dec. 46$* Dec. 16 19 22 Dec. 32$* 11 14 10$* Sale Dec. 6 9$* Dec. 29 12 98 —— 13 Dec. 29 9% Dec. 29 Mar. 29 Nov. 23 101$* Nov. 48 45 4 Dec. 7 Dec. 29 Dec. 9 6 Dec. 17 12$* Dec. 9 30$! 92 Dec. 29 60 97 107 94 96 97$* 92 June 25 91$* Jan. g9 Jan. 9 Jan. 18 July 10 Sept.13 Feb. Mar. Jan. Dec. Jan. 8* Nov. 20 1033* Oct. 19 1043* May 4 112$* -iug. 9 103$* Sept. 1 102 99$* Oct. Nov. 26 Oct. 21 1043* May 11 40$* 183* 1163* 107$* 9$* Dec. 29 6 2 Nov. 26 30 3* Dec. 1 2 30$* Dec. 12 15 1 3 8 Mar. 30 15 8 Jan. Jan. 263* Aug. 17 10$* Dec. 13 Dec. 108 109$* 100$* Dec. 8 101$* Dec. 28 101$* Sale 100 100$* 100$* 100$* 99$* Dec. 13 101 Dec. 9 109$* 108 109$* 108 Dec. 18 108 Dec. 18 94 Jan. Dec. 28 84 Nov. 4 52$* Mar. 10 117 Feb. 10 109$* 8 in ov. 23 28% 9 25$* 203* Dec. 13 Oct. 19 32$* 93* Dec. 29 103* 108$* Dec. 14 109 Dec. 9 Dec. 20 10$* Dec. 20$* Dec. 9 20$* Dec. 15 . Dec. Mar. 16 48 Mar. 13 Mar. 11 29 100 97$* Nov. 26 106 22 Oct. 32 2 Dec. 13 Jan. 8 733* Dec. 29 100 99$* Oct. 19 1303* Mar. 11 75 Mar. 17 Mar. 23 104 1153* Feb. Mar. 13 112 Oct. 19 212 Dec. 24 45 23 19 Dec. 1 Dec. 2 Dec. 6 Dec. 11 68$* 19 5 11^ "Oct. Dec. 4 Dec. 6 Dec. 23 6 Dec. 1.15 Sale 7 7 88 303* 303* 30$* 90$* "55" 21 13 74 30 Dec. 28$* Dec. 87$* Dec. 104 Sale Dec. 29 126$* Jan. Dec. 28 104$* Jan. 64$* Nov. 26 108$* Jan., Jan. 84$* Nov. 27 108 112 29 15 11 Sale 91 30 Sale 109 9 112$* Sale 100 103$* 100$* Sale 110 30 19 Sale 34$* Sale Dec. 32 114 28$* 89 28 .•48$* 122 29 106 28 36 17 783* Dec. 6 93$* Dec. 31 9 93$* Dec. 28 48 58 Dec. 74 88$* Dec. 33 103 Sale 91 87 Sale Sale Sale 27 30 90 91$* 83$* Sale 104 May 13 1103* Mar. 10 119$* Apr. 16 124 $* Feb. 4 Dec. 47 19* 87 m* Sale 5/ Sale 78 79$* Sale 73$* Dec. Sale 106 105 105$* Sale .Dec. 79 75 79$* Sale 75$* Dec. Dec. 97$* 98$* 99$* 100$* 98 25 26$* 30$* 26$* Dec. Sale 22 20 20 Dec. 25 103 M 45 108 104$* Dec. 76 110 23$* D .1947, 30. 28 J M 4$*s.._1966 A 1st g 4s..1947 J 1st g 5s_.1996 J 1996 A page 105$* 33$* 24$* M 8' Ark ft Louis lst4Ms ..1934 ♦Ruhr Chemical 6a 1948 A O ♦Rutland-Canadian 1st guar g 4*1949 J J ♦4s stamped J 1949 J 11941 Dec. 22 102$* Dec. 24 6 25 ♦{•Rockls For footnotes Sale 8 ... 4s 108 131M Sale" 99$* Sale 109$* 110$* J J {♦Rio Grande June' 1st guar 5s 1939 ♦Rio Grande Western 1st g 4s...1939 g 4Ms.. 113 .68 M M 737.000 Richfield Oil 4s conv deb ..1952 M 138,000 Richmond Term Ry 1st guar 5s..1952 J 1955 80,000 ♦Rtma Steel s f 7s ♦4$*s stamped 1 104 2 111 • 113 116$* 110$* Dec. 94 Sale 91$* Sale 91$* Dec. 117 117$* 120$* Sale 117$* Dec. 101$* Sale 106 Sale 101$* Dec. 106$* Sale .06$* Dec. 111$*->Sale Sale 2 903* Sale 86$* Dec. 96 $4 Sale 96$* Dec. "2 101$* Sale Sale 97 1 101 • Sale 96$* Dec. 37 $* Sale 84 Dec. 29 86$* Sale 114$* 117 115$* 116$* 116$* Dec. 15 2 109$* 109$* 110$* 108$* Dec. Sale 107 1946 J 1953 100$* Dec. 109 100 J .1997 1954 Sale 100$* Sale 109$* 110 28 Jan. 96 103 1961 Dec. Dec. 16 100 100$* Sale 108$* 113 115$* 116 ♦Rbelnelbe Union s f g 7s ♦Rhine-Ruhr Wat Serv 6s 810,000 Safeway Stores s f deb 1,510,000 Saguenay Pow Ltd 1st 71,000 St Jos A Grand Island 26,000 St Lawr A Adirondack 2d gold 6s A. 19,000 Sale O Purch money 1st 5 Ms conv Gen mtge 4Ms series C Revere Copper A Brass 1st cons 97$* 20$* 88$* D Gen mtge 4Ms series B ♦Rutland R R 1st Sale J W..1956 Dec. 13 101 Dec. 2 100 Dec. 31 89 Dec. 21 104$* 106$* Jan. 110 72$* Sale 99 1951 Rensselaer A Saratoga 1st gu 6s 1941 Republic Steel Corp 4Mb ser A..1950 41st 96$* J w 101 96$* 80 102$* 6 15 107 27 1073* 13 110 19 106$* 123 J Dec. 13 Dec. 30 2 Dec. May 103M Oct. 101 Dec. 95$* Oct. 80 Dec. 102 Oct. 111 — J 101M May 104 101 — 115 J 102$* Dec. 23 — 114$* 1941 4$*s 102$* 103 Sale 97$* 100 80 Sale 90 — A M M Dec. 30 — — F 84,000 ♦Rhine-West Elec Power 7s._ ...1950 MN ♦Direct mortgage gold 6s 447,000 1952 MN ♦Cons mtge 6s 345,000 1953 F A A O ♦Cons mtge 6s with 217,000 warrants.. 1955 17,000 649,000 1,227,000 22,000 138,000 1,715,000 34,000 238,000 11,000 610,000 60,000 — (65% pd).... Gen & ref 4Ms series B deb 113 M D ♦♦Debenture gold 6s Read Co Jersey Cen coll g 4s Gen & ref 4Mb series A Remington Rand — MN Purity Bakeries Corp s {♦ Radio Keith Orph pt pd ctfs for deb 6s & 696,000 1,972,000 3,300,000 1,314,000 3,812,000 2,000 15,395,000 5,157,000 3,651,000 4,821,000 1,450,000 117,000 191,000 1st 4s... 1956 f g 5s 1948 O MN 1942l«J 5s._ .1953 Potomac Elec Power 1st M 3 Ms.. 1966 Pressed Steel Car deb 5s 1951 {♦Providence Securities deb 4s gul957 {♦Providence Terminal A 111$* 102 103 104 93 $* 92$* Sale ---_ 8 & St 102,000 P 4Mb series A......1940 Con 4M* series B 127,000 guar g_ 1942 Con 4Mb aeries C 36,000 guar g 1942 Con 4s series D guar 14,000 g 194? Con 3Ms series E 66,000 guar g 1949 Con 4s series F guar 11,000 g_....... 1953 Con 4a series G guar 20,000 g 1957 Con 4s series H guar 48,000 g_.. 1960 Con 4Ms series I g 35,000 1963 Con 4Mb series J guar 34,000 ...1964 Gen guar 5s series A 616T000 1970 General g 5s ser B 577,000 1975 General 4 Ms series C 1,202,000 ....1977 VaA Char 1st guar 4s : 40,000 1943 Pitts A West Va 1st 193,000 4Mb ser A ..1958 1st mtge 4Ms series B 226,000 1959 1st mtge 4Mb series 816,000 G_._ 1960 35,000 Pitts Y A Ash 1st gen 4s ser A.. 1948 1st gen 5s series B 43,000 1962 "48$* 102 M 104$* 102 19 1 8 13 2 8 Aug. 17 Jan. 8 Jan. 21 Jan. 6 Jan. 26 jan., 1938] N. T. STOCK Sales for Months N. Y. 1937 Jan.2 ; 1937 STOCK EXCHANGE Bid Ask 2,175,000 Bid Dec. 31 . Ask Bid ' 1,479,000 r 9,111,000 7,139,900 1,085,000 586,000 1,135,000 1,876,000 15,000 80,000 1,601,000 Sale J 45 90 Sale 59 j 15 Sale 1955 J J 84 X Sale 60 1950 J J 35 Sale j 14*4 12 X J 1948 148,000 St L Rky M & Pac 5s stmpd t4St Louis-San Francisco Ry— 5,070,000 ♦Prior lien 4s series A 3,202,000 ♦Certificates of deposit... 1,990,000 ♦Prior lien 5s series B 1950 31*4 Sale ♦Certificates of deposit-.... ^Con M 4*4s series A 1978 MS ♦Certificates of deposit stamped. 1989 mn J #2d ftold 4s income bond..Nor 1989 J J ♦♦lst terminal 8c unif 5s 1952 J JSt Louis Southwest 1st ♦Gen fie ret 5s series ft 4s A .1990 J ... St Paul 8c Duluth lst consoi 4s.. 1948 J t#Bt Paul B Grand Trunk 4*4« 1947 J t*St Paul &KC Short Lftuar 4H«1941 F J D J A St Paul Minn 8c Manitoba— 63,000 tPaclfic Bit sterlinft duar 4s. 1940 399,000 Ut Paul Union Depot lst 5s guar. 1972 2,552,000 San Ant Ac Aran Pass 1st ftuar 4s. 1943 513,000 Sun Antonio Public Serr lst 6s A. 1952 , 65 28*4 51 52 ... 33 39 22X 24X J J 106*4 107 X 123X 124 J J 102 J J 112X 113 109 M 110*4 238,000 ♦Stamped 75,000 Scio Vail At N E 1st guar g 4s ...1989 M N 159,000 •{♦S«aboard Air Line lst g 4s ..1950 A O 3,359,000 •♦Stamped 4s. 1950 A O 1,592,000 ♦ Adjustment 5s. .........Oct 1949 F A 4,887,000 •♦Refunding g 4s ...1959 4 o 921,000 ♦Certificates, of deposit..... 11,299,000 ♦ 1st At cons 6s series A 1945 \i"s 4,230,000 ♦Certificates of deposit......... 527,000 •♦Atlan-BIrm DIt lst g 4s.May 193? \i"p 102 X "46"" 39 X 40 39 X 42 44 40 121 Sale Sale Sale" Sale Sale Sale Sale .... Sale 35 38 ' , tSsaboard-All Fls lst 6s A „ 4,847,000 . . ♦Certificates of deposit 13 X Sale Skelly Oil debenture 4s 263,000 321,000 1,921,000 130,000 152,000 1,052,000 1,094,000 6,344,000 177,000 625,000 1,185,000 1,452,000 1,619,000 209,000 3,405,000 7,774,000 310,000 3,270,000 13 X Sale 80 1"2*4 50 X 83 "55X 23 Sale 1951 106*2 Sale 106*4 1963 Ala gu 5s 102 X 1950 ... 3 *4a Southern Bell Tel Ac Tel 3lis Southern Calif Gas 4M»—lst mtge Ac ret 4s 125 ..... 1962 A O 1961 M 29*4 Sale 25 Sale 17*4 Sale Sale Sale Sale Sale 58 66 A Southern Natural Gas— lst mtge pipe line 4Ma 1951 A Sou Pac Co 4s Cent Pac coll Aug. *49 lst 4 Ma (Oregon Lines) ser A..1977 4Hs 1969 Gold 4 Ma Gold 414s May 1 1969 1981 10-year secured 3*4 a I Sale 118 83 , M Sale Sale Sale Sale r * M N *1 1950 4 1955 I N Sale Sale J < 110*4 J Sale Sale Sale Sale 21 Memphis DIt lst g As..... St Louis DIt lst g 4s Bast Tenn reorg lien 5s Mobile At Ohio coll tr 4s 7 10*4 Oct. Mar. 6 13 8 11 Mar. 8 Mar. 8 Jan. 4 Feb. 19 Mar. 8 15 Dec. 8 10 9 Dec. 8 Oct. Oct. 28 14*4 Dec. 8 28 13*4 Dec. 8 71*4 Dec. 9 32*4 Dec. 15 11*4 10*4 9*4 8*4 10 9 66 29 Dec. Dec. Dec. Dec. 20 30 22*4 Dec. 29 15*4 Dec. 28 29*4 Dec. 21*4 Dec. r 29 22*4 Dec. 15*4 Oct. Nov. Jan. Jan. Nov. : . Mar. 8 18 3 Feb. 20 Dec. 1 10 Dec. 10 Dec. 27 101 4 119 Dec. Dec. 27 101 Dec. 10654 Jan. Dec. 13 113 Mar. 124 2 110 Dec. 9 10 " Dec. "29 28*4 Dec. 18 25*4 Dec. 14 27 Dec. 112*4 Dec. 20 20*4 Dec. "io 32 26 Dec. * 3 Dec. 23 8 ' • 7*4 Oct. 17 4 6 Sale 8 Dec. Dec. 7*4 Dec. 21 Dec. Dec. 22 9 Dec. 8 Dec. 6 Dec. 9 Dec. 9 Dec. 23 Dec. 6*4 Dec. 12 Dec. 18*4 4*4 9*4 7*4 10*4 9*4 15*4 Dec. 14*4 Dec. Dec. 10 5*4 Dec. 4 18 5 4 Jan. 79*4 Dec. 108*4 Oct. 103*4 Mar. 112*4 Jan. 105*4 Apr. Apr. 19*4 Nov. i# 110 IF Dec. 16 27*4 June 25 July 110 30*4 Oct. Nov. 16 *4 Dec"." 18 Dec. Sale Jan. 2 109 IB 22w Mar. Dec. Sale 8 Jan. Dec. Dec. 66 3 1 110 4*4 26 Oct. 16*4 Dec. 15 113 X 112 28 4*4 * 5 Sale 4*4 5*4 3*4 Dec. 15 5* 3*4 Dec. 29 1 97*4 Dec. J Standard Oil N J deb 3s Staten Isl Ry lst gu g 4 Ms. ♦Studebaker Corp 93*" I 33 X A 1961 J D Sale D 1943 J deb 6s..l945 J 105 114*4 Sale Swift Ac Co lst M 3Jis 1950 M 8 107 Sale Tsnn Coal Iron At RR gea Is Tenn Copper dk Chem— 1951 J J 125*4 126 conr 81 Sale Sale Sale Sale 44 121 Oct. 2*4 Oct. 29 14 15 Jan. 22 Jan. 2 20*| Mar. 5 20 Oct. 5*4 Oct. 6*4 Oct. 6*4 Oct. 17 Feb. 35*4 Feb. 17 36*4 Mar. 8 13*4 Mar. 8 Nov. 5 Jan. Jan. Jan. 43*4 Feb. 15 Oct. 13 10 3 4 11 Mar. 5 5 23*4 Mar. 22*4 Mar. 38*4 Jan. Oct. 5 7 3*4 Oct. 19 14*4 Jan. 8 14*4 Jan. 65 Dec. 29 "61*4 59 Dec. 22 1 20*4 Dec. 77*4 Dec. 17 76*4 Dec. 30 101 101*4 102 107 107*4 108 107*4 107*4 107 98 99*4 Sale 91 92*4 91 Sale in in Sale Sale 59 Sale 58 Sale 83 Sale Sale 103 89*4 Sale 92 105 Sale IF Sale IF 61 103 Sale Sale Sale Term RR Assn of St L 1st g 4 M«~ 1939 First cons g 5s_..............1944 Gen ref s f ftold 4s 1953 1 exarkana At F S Ry 5M* A guar. 1950 104*4 104*4 101*4 102 108*4 110 118*4 119 111 111*4 107*4 108 Texas Corp deb 3Ms............1951 T exas At N O cons g 5s ..........1943 Sale Texas At Pacific lst g 5s Gen ref 5s ser B Sale Sale Dec. 15 3000 i30" 1977 68 9 3 29 Aug. 5 Feb. 11 Aug. 9 0 Jan. 0 Jan. 23 1 102 1 Dec. Dec. 29 2 Dec. Dec. 28 97*4 70*4 75*4 67*4 Dec. 31 3 Dec. Dec. 10 8 Dec. Dec. 29 Dec. 29 68 Dec. 89*4 Dec. 65 68*4 58*4 8 57 6 9 103 Dec. 1 94*4 Dec. 1 101 85 x 66 Dec. 29 • Dec. Dec. 114*4 119*4 Dec. Dec. Dec. Dec. Dec. 101 22 22 22 0 20 Jan. 20 ... Dec. 71 Ddc. 76 Dec. 72 Dec. 8 79 23,112*4 Dec. Feb. 8 Feb. 8 15 .23 110*4 Feb. 21!105*4 Feb. Jan. 29 103 66 211105 4' 95*4 .23 109*4 21 106*4 85 Dec. 23 77*4 108*4 Dec. 28 102 98*4 102*4 Dec. 24 11*4 15*4 Dec. 20 102*4 Dec. hi 100*4 95 100*4 Dec. 31 98*4 Dec. 85*| 19 55*4 101*4 7 . . 115 Feb. 9 Jan. 1 Jan. 4 Feb 40 17 106*4 Jan. Jan. 9 102 20 . 5 2 Aug. 23 Feb. 17 29 159 9 107*4 June 10 20 103 1 70 Dec. 58*4 106*4 Dec. 29! 102*4 3 8 12 10 Jan. 19 loo 3 119*4 Dec. 2 4 ,23'105 *< itH 100 77*4 107*4 100*4 14*4 Jan. 24 108*4 Jan 201100 *4 Feb. 82*4 57 Dec. 8 Aug. 18 Jan. 20 Aug. 14 97*4 Jan. 29 102*4 Jan. 9,109*4 Jan. 98 58 9 87*4 Dec. 22 Nov. 16 97*4 Jan. Dec. 2 Dec. Dec. 30 1 Dec. Dec. 29 Jan. 5 101*4 Feb. 99*4 Jan. 11 100*4 Jan. 21 94*4 67*4 Dec. 88*| Dec. 6 3 Mar. 130 Dec. 100*4 Apr 118 Apr. 100*4 119*4.122 73 Jan. 94 20 25*4 82*4 102*4 102*4 107*4 76*4 Dec. 31 8 9 Jan. . 58 97 105" j07* 109*4 Sale 87 113 Sale Third Are lst ref 4a........ Sale Jan 1960 A O 83 1st M 6s t Series June 15 1953 J 5,310,000 1,096,000 Toledo Ac Ohio Cent ref At imp AM* *54 J D 76 D 108 101*4 Sale 106*4 "31*4 Sale J Tidewater Assoc Oil deb 3Ma Dec. 100 Sale 80 Dec. 86*4 107*4 115*4 109*4 114 117 108 108*4 108*4 Dec. 84 Sale Sale 72 99*4 115*4 86 IF SB tJB Sale 88 Sale Sale 115 83 104 113 85 82 80 Dec. Dec. Dec. Oct. 19 126 Jan. 105 Jan. 104 Jan. 109*4 118*4 111*4 108*4 105*4 Jan. Sale Sale Dec. Dec. Dec. Dec. Tol St L At West lst g 4s........ 1950 A O Tol W Va Ac Ohio 1st guar 4s C. 1942 M S .... Trenton Gas At Elec lst 5s Trl-Contln'l Corp conr deb 5a Tyrol Hydro-Elec Power 7Ma «iy- 1946 J D 1949 M 9 ser A'53 J ............... J 1955 M N 1952 f a Ujlgawa Elec Power secured 7S..1945 M S Union Electric (Mo) 3Ms.__.-_..1962 J ..... 61 Sale 100 Sale 102*4 ..... 110*4 107*4 108*4 122*4 121*4 123 88*4 91 89*4 *>0*4 - J •{♦Union Eler Ry Chic lst 5a 1945 A O Union Oil Cal 30-yr 6s ser A May 1942 T A J 3M* debentures ....... 1952 J Union Pac RR lst At land gr g 4s.1947 J First At refunding 4s June 2008 M 90*4 Sale 20 Sale 121 121*4 J 8 June 2008 M 8 34-year 3 Ms debenture... 35-year 3^s debenture 1970 A O 1971 M N United Blncult (Amer) deb 5s 1950 A O United Cigar-Whelan Stores 5s. .1952 A O 80 107 X 10s 93*4 59*4 60 101*4 102 81*4 104 96 100 95*4 106 100 Sale 106 52*4 Sale 70 Dec. 13 115 Dec. 1 Dec. 1 83 100 Dec. 23 Dec. 33 17 Dec. 8 7*4 Dec. Dec. 77 99*4 Dec. 59 97 Dec. 9 8 100*4 Dec. 22 Dec. 24 64 Dec. Dec. 2 101*4 Dec. 10 2 Dec. Mar. Apr. 105*4 Mar. Dec. Apr. 105 Apr. 110*4 Nov. 105" "Dec." "9 96*4 Dec. 30 109 Dec. 2 Jan. 0 0 Jan. 5 Feb 19 Dec. 31 Jan. 83 Nov. 128*4 Jan. 106*4 Feb. 12 15 82 Nov. 108 Jan. 10 80 Dec. 108*4 110*4 '73*4 46*4 101*4 101*4 Jan. 107*4 Apr. 28*4 Dec. 5V Dec. 75 Dec. 96*4 Oct. Feb. Feb. 3 4 Jan. 11 Aug. 5 9 97 Dec. 2 108*4 Jan. 6 10? Jan. 15 1<)2x Apr 116 Apr 104 Oct Jan. 19 Oct. Sept. 105*4 Dec. 83 4 Aug. 31 51 96 7 11 110 10 18 105*4 Dec. 107*4 Jai 119 Sept. 7 7 123 8 . Mar 8 96*4 Dec. 30 90 95 16 90 Mar 75*4 Dec. 17 107 1 107*4 Dec. 23 105*4 Dec. 9*4 8*4 Dec. 30 8*4 Dec. 30 69 Oct 97 X June 29 102 X Oct 107*4 Dec. 23 8*4 Dec. 116 X Apr 23 Jan. 26 7 114*4 Mar. 10 116*4 Jan. 15 7 109*4 Jan 94 70*4 77*4 70*4 105*4 Sale 106*4 11*4 11*4 8*4 117 117*4 118 Sale 105 105*4 111*4 Sale 114*4 107 105*4 Sale 114*4 114*4 114*4 Sale 92*4 93 Sale 92*4 80 106 105*4 Dec. 7 105*4 Dec. 103*4 Dec. 11 103*4 Dec. 117*4 107*4 108 96 3 14 88 103" 104" 103*4 116*4 106*4 109 Dec. 115*4 Dec. 22 89*4 Dec. 23 28*4 Dec. 5*4 Dec. 75 93*4 Oct Dec. 87 Tokyo Bloctrlc Light (Ltd) Sale 2 104 85 78*4 99*4 100*4 100*4 108*4 Dec. 105*4 Dec. 31 106*4 106*4 107*4 Dec. Sale Sale J 97 104*4 Sale 105*4 Sale 105 104*4 82 1960 J 100 83 99 106*4 108*4 1 9*4 see page 50*4 Jan. 18*4 Mar. 3 Jan. 89*4 Apr. 100 Dec. 30 98*4 July 2 102 Mar. 23 108*4 108*4 Dec. 8 105 107*4 Dec. 28 101*4 Apr. 10 lu7x Dec. 18 100 Dec. 6 98 Dec. 18 106*4 Dec. 6 94*4 Dec. 16 *9*4 Oct. 19 100*4 104 85 For footnotes. 13 102 Jan. Dec. 22 79*4 77*4 Sale 108 107*4 Sale 100*4 Sale 102*4 13*4 13*4 23*4 101*4 102*4 Sale 100*4 99*4 Sale 100 100*4 62 Sale 69*4 Sale 104*4 105*4 106*4 Sale SO lst lien At r*J 5s "28 81*4 47*4 59*4 60*4 88*4 79*4 96*4 Sale f 7s Oct. 54*4 Oct. Dec. 22 82*4 Dec. 29 101 Dec. Dec. Dec. Dec. Dec. Dec. Dec. 98 Sale Gen At ref 5s series C..... ....1979 Gen At ref 5s ser D „_1980 Tex Pac—Mo Pac Term »Ma A—1964 M S Tor Ham At Buff 1st 4a 93 100 77*4 "81" 97*4 66*4 3*4 Dec. v Con* deb 6s aerie* B ......1944 M 8 Tenn Elec Power lst 6s series A..1947 J D ♦Adjustment Income 5s •♦Third Are RR 1st gold 5s as 66 94*4 66*4 69*4 59*4 Sale Sale 103*4 Sale t*Spokune Intern at lst g 5a....1955 J Staley (A E) Mfg lst mtge 4s 1946 F 99^ > D...1960 M N a* Sale 106*4 ser 61*4 Sale c Sale 8 5*4 Dec. 98*4 Dec. 24 70*4 Dec. 14 60*4 20*4 79*4 80 84*4 85*4 85*4 IS* Sale 91 97 7 94*4 94 Dec. 97*4 Dec. 29 106*4 106*4 106*4 106*4 106*4 106 118 116 118*4 Dec. 29 118*4 105 1996 1951 ...1938 M 58*4 20*4 76 Sale ...1938 M S Southw Bell Tel 3 Ma series B....1964 J D t Jan. Dec. 27 85 Dec. 6 79*4 Dec. 23 109*4 Dec. 11 109*4 Dec. 11 Sale S'western Gas Ac Elec 4s Jan. 85 11 117 25 8 48 9 Sale Sale 89*4 Feb. 15 88*4 Feb. 17 Nov. 30 Oct. 12*4 Dec. 28 10*4 Dec. 28 16*4 Dec. Sale 28 9 14*4 Dec. 29 Dec. 28 up Sale Sale J 458,000 660,000 161,000 506,000 4,351,000 2,974,000 3,071,000 353,000 2,163,000 2,527,000 531,000 303,000 59 12 101 4*4 97 X 56*4 105*4 Derel Ac gen 6s series A.......1956 Derel At gen 6 Ma series A. 1956 sec s 8 102 32*4 Sale Prices Nov. 70 25 11 4*4 94*4 ( 4s stamped ...........1955 Southern Ry lst cons 5s.... 1994 Derel At gen 4s series A.......1956 Guar 24 101 89 O m 1946 J San Francisco Teres 1st 4a. South Pac RR lst rsf guar 4s 105*4 106 D 1987 J , Dec. -Dec. 55 22 96 9*4 8*4 . 107*4 07*4 1952 J 234,000 1,000 78,000 21,000 275,000 140,000 243,000 Sale Prices Dec. .00 Sale" 109*4 109 109*4 109 112*4 113 112*4 30 20*4 16" 22*4 20*4 20 30*4 20 30*4 115 111*4 25 14 14*4 14*4 15*4 13*4 Sale 4*4 Sale 7 7*4 6*4 Sale 9*4 Sale 101 S 1965 F Southern Colorado Power lst g 6s *47 i Southern Kraft Corp 4Jis......l946 J Gold 13 X 101 68" 8ileslan-Am Corp coll tr g 7s 1941 Simmons Co conr deb 4s........1947 46,000 South At Nor 1,245,000 2,750,000 6,976,000 4,510,000 7,188,000 6,684,000 8,305,000 1,664,000 5,397,000 5,000 3,833,000 9,086,000 3,542,000 4,474,000 116,000 735,000 > 110,000 1,403,000 1,626,000 2,057,000 614,000 818,000 5,985,000 11,000 5,454,000 1,581,000 14*4 Dec. 29 65 64 18 ...1935 ♦Certificates of deposit....... Shell Union Oil deb 3*4» 1951 m s U Shinyetsu EI Pow lst 6*4« 1952 J J •♦Siemens At Halskesec s f g 7s.. 1935 J ♦Debenture s f 6*4s....... 1951 VI S ♦Silesia Elec Corp 6*4 a 1946 F A 3,214f000'Socon7-Vacuum Oil deb 1,211,000 615,000 1,009,000 651,000 553,000 59 17 109*4 iS* Dec. 80 Sale Sale 17*4 Sale Sale Sale 71*4 35 104 82 Sale Prices • 77 13*4 12*4 12*4 12*4 11*4 10*4 96 114 - 1937 Highest 1935 Series B 490,000 6,810,000 533,000 2,000 540,000 88,000 583,000 1,093,000 2,212,000 Sale 69*4 8*4 , 14*4 IF Sale 10 * 58*4 Dec. 65 Sale 35" 61 105*4 60 73*4 it 33 30 X Sale 28 X Sale 99 99 X 69 X 7054 J ....... V; 34 % 28 X J 390,000 San Diego Cons G & El 4s_. 1965 M N 93,000 Santa Fe Prase At Phenlx 1st 5s 1942 m 8 J 49,000 {♦;3chulco Co ftuar 6*4«..._.....1946 J 404,000 ♦Stamped 105,000 ♦Guar sinking fund 6J4« B....1946 ao > 33 Sale YEAR Lowest Highest Sale Prices Ask 63*4 Sale 58*4 ♦Certificates of deposit... 424,000 {♦StL Peo& N W 1st 5s . 85 RANGE FOR Lowest i ft 4s...1933 M N ♦♦RlT«r & Gulf DIt 1st 173,000 i i i Dec. 1« 8t Louis Iron Mtn 8c SoutIk— , 29 PRICES IN DECEMBER Price 5-s bonds 12 EXCHANGE-BONDS 95 75 Sale Dec. 73 Dec. 24 117 16 Dec. 31 118 Dec. 108*4 105 Sale 111*4 Dec. 1 108 Dec. 4 1 108 Dec. 105 114*4 Sale 92*4 97*4 92*4 106*4 105*4 Sale 50*4 Dec. 107*4 Dec. 20 1 114*4 Dec. 29 Dec. 21 6 115*4 Dec. Dec. Dec. 29 95*4 Dec. Dec. 29 95*4 Dec. Dec. 10 106*4 Dec. 2 Dec. 70*4 Dec. 23 21 9 17 29 101 110 103 111*4 90*4 91x 105*4 50*4 .Ian Oct. Mar Apr. Jnn Nov. Oct Mav Dec. 101*4 Aug. 10 100 Aug. 6 121*4 Jan. 116*4 May 18 101 *4 Jan 2 ioi x Jan h June 109 8 70*4 Dec. 29 N. Y. STOCK 30 Sales for 1937 "hQ. Dec. 1 United Draft Go (Del) Be 1*53 58,000 U N J RR Ac Canal Go ften 4a 1944 438,000 •{♦United Rye St L let ft 4a 1934 635,000 U S Pipe A Pdy cone deb 3*s 1946 5,103,000 u 8 Rubber let Ac ref 5e eertea A..1947 J J "34" M S J J 107* 108* 108* 103* Sale 102 30 27* 25* 26 27* 30 27* 29* 24* 86* Sale 84* 78 ♦Slnfclnft fund deb 4H* nt A..1947 27 1,729,000 Utah Llftht A Trac let A ref Be..l*44 4,313.000 Utah Power A Llftht let Be.. 1*44 4,111,000 {♦Utilities Pow A Ltft deb ft 8Hi. 1947 ♦♦Debenture Be...............1959 6,555,000 103 * 103 456,000 •♦Vera Crux A Pacific let 4He... 1934 J J J J 4,000 •♦July 1914 coupon off.. ..... 2,761,000 ♦Vertlentea Suftar 7a ctfs_. ...1942 J D 1,942,000 Virginia El A Pow 4s ser A ...1955 M N 211,000 Va Iron Goal A Coke 1st ft Be 1949 M 8 52.000 Va A Southwest 1st ftuar 5s 2*03 J J 418,000 Plrst cons 5s | 1958 A O 4,706,000 Vlrfttnlan Ry 1st & ref 3* s ser A.1966 M 8 1939 MN .... P A J J J J J J A O M 8 M S F A O ... ...... ....... 4,194,000 1,477,000 Warner Bros Pictures cony West Maryland 1st ft 4s.. First A ref 5Hs series A 217,000 2,325,000 3,044,000 1,737,000 2,326,000 4,225,000 6,384,000 290,000 2,554,000 494,000 196,000 221,000 4,182,000 271,000 j"b A O A ♦Assented Gold Dec. 29 Dec. 10 Di e. 21 Doc. 1 84 Dec. 27 Dec. Sale 81 Sale 70 115 112 98 8 A O J J }"3 1950 M N D 1953 J West Shore 1st 4s ftuar 2361 J Reftistered ..2361 I Wheeling A Lake Erie Ry 4s D..1966 M •Westphalia Un El Pow 6s .... Erie RR 1st con ft 4s._1949 W Wheeling Steel Corp 4*a ser A..1966 F Wheel A L 66 104* Sale Sale Sale 33* 45 59* 105 66* Sale 88 ~80 irA 99 Sale Sale 39* 81 13* Sale 8* 25 Sale 40 45 45 Dec. 31 Dec. 29 73 58 ¥ 101 Oct. Apr. : Dec. ! Apr. Dec. *88 40* Dec. 45 r45 40 Dec. 31 r45 2 Dec. 40 12* Sale 12* Sale" 14 Dec. Apr. 71* Jan. Dec. Dec. Dec. Dec. 30 28 12 Dec. 28 5 8 99* Jan. 27 44* Mar. 8 41* Mar. 6 "28 9* 11* 9* 10* 16 21 Jan. 22 3 106* Feb. Dec. Dec. 12 Jan. Jan. 86 Dec. 69* 12* Sale Sale 10 101* Sale" 75 Sale ; 79* 81 110 Sale 110* 111* Sale Sale 105 112 Sale Sale J 97* Sale 94 95* Sale S 106 8 112* 113 102* 102* 104* 104* 36 Dec. 94 r45 13 70 Sale Sale 67* Sale 67 67* Mar. 17 Mar. 5 44 30 41 29 43* Mar. Sale 72 38 SIX Sale Sale 99 Sale 18* Sale 99* 100* 67 Sale 60 69 20* 76°5* Sale 70 Sale 60* Sale 60 24* Sale 11* 67 Sale 23 Sale 75 107 6 Sale Mar. 17 8 40 Mar. 31 3 90 Mar. 16 Feb. 8 3 99* Mar. 12 Dec. 31 103* Dec. 13 71 78 14 80 2 47 Dec. Dec. 1 Dec. Dec. 27 Oct. 86 107* Dec". 2 107* Dec. 105 Dec. 121* Dec. 102* Dec. 121* Dec. 101 Dec. 120* Dec. 107* Dec. 89* Dec. 94* Dec. 107* Dec. 18 Dec. 17* 98* 58* 59* 58* Dec. Dec. Dec. Dec. Dec. 20 Sale 92* lOo* 92* Sale 15 *:i#* 12* Sale 2 2 108* Dec. 15 1 19 19 Dec. 22 97* Dec. 23 Dec. 10 94 Nov. 6 108 15 20 May 1 30 X22* 76 106! 108! 111! Dec. Dec. 21 Oct. 40! Oct. 19* Dec. 22 39! 1043 13 100* Dec. 29 67* Dec. 28 71* Dec. 2 Nov. 1 Dec. 1 Dec. 111 107 28 69 1 Dec. 109! Dec. 20 23 70* Dec. 1 Dec. Mar. 2 Dec. 78* Dec. 20 67 Dec. 16 68* Dec. 7 107* 110* Dec. 23 Ill 83* Dec. 30 89* 92* Dec. 31 92* j iE! Dec. Dec. 18 7 Dec. Dec. 96 Mar. Dec. 11 Apr. Dec. 21 Dec. 31 107! 113! 1033 Nov. 15* Dec. 24 12* Dec. 31 Jan. Jan. Feb. 80 25 14 10 9 Aug. 19 102* Feb. 7 June 30 110* Jan. Oct. 7 112* Feb. 25 Mar. 24 108* Jan. 13 22 Apr. 2 jl27H Jan Oct. 19 102* Dec. 21 9 Apr. 1 123* Jan. Feb. 11 111* Sept. 7 8 Mar. 23 109* Jan. 105* Dec. 121* Dec. 19 Oct. Feb. 107 110* 85 Dec. Dec. 10 . 97 P 71* Sale 2 15* Dec 70 107 H 111* 107* 108 18 20 19* Sale Dec. 66 Dec. 23 74* Dec. 24 Sale 107* 109* 105* 106* 121* 121* 101* 102* 121 ' 120 121* 108* 110* 107* 107* 107* 108* 89* Sale 9* Dec. 30 101 Sale 50 100 107* 109* 105* Sale 121* 121* 100* 101 107* 36* 103* 79* Sale 37* 41 106* 107 MN 34 68* 12* 85 122* 123* 108* 109* 108* 109 35 Sale 12* Sale Sale 126* Sale J 52 Dec". 64* Dec. 29 12 70 99*. Sale J Sale 6 Dec. Oct. 103 58 "JH Mar.: 104* Mar.! 23 *59*~D"w". 1 105 Dec. 104* Dec. 13 Sale 97} 83H 38 70 Jan. 27 Apr. 6 July 20 Jan. 27 Jan. 15 Mar. 17 Jan. 12 Jan. 11 Jan. 30 Feb. 27 110 Feb. 10 8 107* Jan : Sept.! 1* Dec. ! 8 3 Mar. 8 Mar. 3 Mar. 2 Jan. 21 Jan. 2 Mar. 111 111 Dec. J 110 15 Dec, Jan. 11 Mar. 0 Mar. 10 Sale 40 Sale 108 96 104* 111* 107* 108* 34 39* if* 34* 106 55 71 §9 H 34 109 37 63 45 50 103 Sale 94 102 77 67 97 40 22 A 45 103 Sale J 1940 MN {♦Wickwire-Spencer Steel 1st 7e 1935 J Ctfs dep Chase Nat Bank 577,000 40 103 96 85 J M Jan. 20 33] 23* Oct. 9 32! 19* Oct. 20 32! 84* Dec. 29 105! 84 • Nov. 24 106! 41 Aug. 20 69 41 Aug. 20 67* 107* Oct. 2 Dec. 9* Sale 8* Sale 8* Dec. 28 12 6 109* Dec. Dec. 108* 109* 109* 109* 109 106 * A J Dec. 22 6 Dec. 110* Dec, 22 1* Dec. 100 A D 72* Oct. 4 Sale" Q M J Dec. 31 110* Dec. 110 77* J 2 109* Sale 73 ...1960 M S White Sewinft Machine deb 6s 28* 88* 88* 51* 51* 81 8 ...1951 J 5s Gold 5s... Dec. 1 Dec. 29 50* Dec. 15 50* Dec. 3 38 Fund A real est 4Hs ftold Dec. 29 86 ..... ....1938 28 Sale A ftold 4s—1943 A O {♦Western Pacific 1st 5s eer A... 1946 M 8 Western Union coll tr 5s Dec. 11 Sale M West N Y A Penn Gen .1952 ..1977 Dec. 20 Deo. 23 Sale P P Feb. 18 28 50* O P Nov. 26 107 1 105 6 50* deb 6sl939 M S {♦Wan en Bros Co deb 6s 1941 15,000 Warren R R let ref ftu ft 3Ha.. ..2000 33,000 Wasb Cent Ry 1st ft 4s ....1948 165,000 Wash Term 1st ftuar 3Hs 1945 11,000 1st 40-year ftuar 4s 1945 278,000 Wash Wat Pow 1st ref 5a .......1939 139,000 Westchester llftht ftold 5a....... 1950 827,000 Gen mtfte 3 He 1967 184,000 West Penn Power 5s series B 1963 239,000 1st mtfte ft 4s series H.........1961 1,420,000 1st mtfte 3He series I..........1966 7,110,000 1,662,000 AO 100 Dec. Dec. 87* 39* A 106 Dec. 28 112* Dec. 10 Sale 7 8 Jan. Jan. 108 23 Sale 99* Sale Prices 19 103* 8 114* Nov. 29 36! Sept. 10 170! Dec. 28 80 Dec. 6 Dec. 8 110* Dec. 8 Dec. 16 28 Dec. 24 69 Vanadium Corp (Am) con* Be...1941 A O 41,000 Vandalla conaol « 4e A—.......1955 P A 16,000 Coneol 4a Series B.<r. 1957 MN 1939 ♦Second ftold 5s ... 17,000 ♦1st Hen 59-year ftold term 4a 1954 1941 14,000 ♦Det A Gh Ex 1st ft 5s 1939 27,000 ♦Des Moines Dlr 1st ft 4s 112,000 ♦Omaha DIt 1st ft 3He.— 1941 1941 17,000 ♦Tol A Chic Dlv 1st ft 4s 2,208,000 {♦Wabash Ry ref A ften 5 He A. 1975 197,000 ♦Certificates of deposit 2,732,000 ♦Ref A ften 5s (Peb *33 coup) B..1976 114,000 ♦Certificates of deposit..... 1978 2,812,000 ♦Ref A Sen 4H» series G .199,000 ♦Certificates of deposit 1980 ♦Ref A ften 5s series D 2,362,000 47,000 ♦Certificates of deposit...., 2,192,000 Walker (Hiram) G A W deb 4*s, 1945 2,418,000 Walworth Co 1st mtfte 4s—.... .1955 .1955 274,000 6s debentures 73 108 24 65 * 105* 105 * 1,670,000 741,000 Sale Sale Prices Sale Prices 8 268.000 ♦United Steel Wka ft 6 He ear A-1951 60,000 ♦4*» eerleaG 1951 2,502,000 {♦♦Wabash RR 1st ftold 5s Sale Prices Ask 8 M 109* Highest Highest M Sale Lowest Loioest Dec. 31 Bid Ask $ 3,745,000 ' 1937 Jan. 2 N. T. STOCK EXCHANGE 363,000 YEAR RANGE FOR PRICES IN DECEMBER Price BONDS 12 Months 1937 EXCHANGE—BONDS Dec. 105 Jan. 7 June i-5 Jan. 23 Feb. 19 11 4 Jan. 6 Jan. 2 Jan. Jan. 19 Mar. 3 Jan. 20 Jan. 13 Nov. 8 Feb. 6 Jan. 18 Mar. 8 Jan. Mar. 6 Mar. 62 19 47 47 12* Oct. Jan. 8 12 {♦Wlckwire-Spen St*l Co 7s Jon 1935 2,384,000 Ctfs dep Chase Nat Bank ... 785,000 {♦Wllkes-Barre A East 1st gu ft Ss 1942 211,000 Wilmar A Sioux Palls 1st 5s 1938 1955 2,447,000 Wilson A Co 1st M 4s ser A Conv debenture 3*8^.,.......1947 393,000 32,000 Winston-Salem S B 1st 4s.... ..I960 1,683,000 {♦Wisconsin Sale J D 61 J J 105 102* 103* J J A J Cent 1st ften ft 4s..1949 J J ♦Certificates of deposit 511,000 ' 597,000 ♦♦Sup A Dul Dlv A Tar 1st 4s. 1936 ♦Certificates of deposit. 224,000 9,000 {♦Worcester AConn East Ry 4Hsl*43 113 115 35* Sale 31 32* 25* Sale M N 21 6* 101* O J 63* 19 24 1Q* 93 Sale 12* Dec. 29 19* Sale 6* Dec. 29 8* 101* 101* Dec. 29 101* Sale 1 93 Dec. 99* 82* 76* Dec. 26 85 2 109* 109* 108* Dec. Sale 7 13 Dec. 16* 6 20 11 Dec. 14* Sale 7 Dec. 29 9* : Sale 7 Dec. 28 8* 6 6* Dec. 6* Sale 104 Sale 87* 108* 109* 14 12* 12 8* 8' 6 Sale 10 Sale 28 3 Dec. 9 Dec. 2 Dec. Dec. 28 Dec. 104 June 15 100« Aug. 19 Aug. 27 115 Jan. 104! 9 Dec. 24 Dec. 21 Dec. 21 35! 32! 25! Jan. Jan. Jan. 24 7 Jan. Oct. 7 2 8 4 7 15 19 105 Jan. 5 Dec. 13 1 Dec. 6 Dec. Younftstown Sheet A Tube— 6,628,000 t Accrued rate of 1st mtfte s f 4s series 1961 M N C Interest payable at to the £ sterling.. the exchange 34.8484 t Companies reported as being in bankrutpcy. receivership, or being reorganized under Section 77 of the Bankruptcy Act. or securities assumed by such companies. * ♦ 104* Sale Bond selling flat. I" 'tt'U'ti'diri 96* Sale 96 Dec. 29 98 Dec. 10 96 Oct. 1 Called for redemption. • a the Deferred delivery sales, only transactions of current month, and not included in year's The following cash sales were transacted the current month and are not in¬ cluded in the monthly or yearly range: during range. n year's range. Cash sales, only transactions of the current month, and not included in year's range. x Cordoba 7s, 1957, Under the rule sales, only transactions of the current month. and not included in r Negotiability Impaired by maturity. 96* Sale Ex-Interest z Dec. 29 at 88 The following deferred delivery sales were trans, acted during the current month and sure not Included in the monthly or yearly range: Ernesto Breda 7s, 1954, Nov. 24 at 59 New York Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF STOCK PRICES DURING DECEMBER 1937 Stock Salts December- 28,422,380 409,464,670 Jan. 1 to Dec. Bond Sales 1936 1937 -Shares. . December 48,600,177 496,046,869 In msc v l trice v< .<i k r ue >r tie i?» • ? t w»i»% »*e : *lTewsl ve Oct, i 1915. lots except la the 'sse of stocks which sell only to a small way. - - * 1937 ------- Jail. 1 to Dec. 31- all stores are ao«r 4a ioei t »li tr« j v 1936 $197,999,000 2,792,631,000 - $366,879,000 3,676,874,000 <n*e rices are 00 • basts of 100-sbare NOTICE.—Cash and deferred delivery sales are disregarded In the month's range, unless they are the only transactions of the month, and when selling ontsldeof the regulor monthly range are shown in a footnote In the month In whloh they ooeur. Wo amount is taken of suoh sales in oomputlng the range for the year. AGQREQATB In December SALES 12 Months 1937 Shares 3,000 24,300 20 690 N. Y. STOCK EXCHANGE 66466 35,900 3,400 2,400 9,000 20,700 4,900 18,600 3,400 17,400 73,500 4,300 117,600 700 158.200 620 52,300 1,400 40,300 9,300 39,400 6,200 419,000 18,100 247,100 46,100 337,200 200 12,500 2,000 27,400 Am brake SAP Coal American 240,550 227,600 5,180 456,100 11,800 260 Am Com 270 12,800 ' 42"700 1,541,100 9,600 8,900 195,300 256,900 66,400 80,800 585,000 280 100,100 17,700 10,700 6,100 4,850 135,500 1,600 1,700 „ 260 121,000 11,100 16,200 1,100 1,700 55,550 13,100 38,350 2,400 22,000 83,800 500 15,000 20,700 42,500 600 521,600 2,600 9,400 230 1414 Sale Sale "4)4 Sale' 45)| Sale Sale 14)4 47 47 42 43 14 14 )4 Sale 42)4 Bale 38 Sale Sale Sale 225"" Sale" 31)4 1 9 Sale Rale" 17)4 of Co ..* Alleghany Sale ale 49)4 83 H 85 78 H Sale Sale Sale ^ Sale 21 Sale Sale Sale 50)4 Sale Sale Sale 167 Sale 48 'SSL1!.* 29 Colortype—...—10 Sugar Co.... 10 1st preferred.......100 Securities.. * Express Co...—100 Am European Foreign Power.......* preferred A...........* $6 preferred— Am Hawaiian ... Steamshlo...10 ..1 64.200 * ........... 4% preferred—.........100 272,200 Amei internet Corp.......* * 415,550 V titer Locomotive Preferred.. ......—..—100 45,700 vm Mach A Foundry ...* 331,200 224,500 Amer Machine At Metals....* 51 436,800 American Metal.... 4% Conv preferred 100 L17 7,900 65 11,940 American News Co.........* New :-* 1,000 1,877,900 Amer Power At Light........* 12H $4 preferred———.—* n. 145,300 81H $5 preferred........ * 68 182,200 25 H 2,182,800 Am Radiator Or Stand San..* Preferred 100 164 • 1,850 34)4 2,874,500 American Rolling Mill.....25 4)4% conv preferred... 100 79,500 70,400 Amer Safety Razor— 18,50 '33)4 —• 23)4 145,800 American Seating Co 44 41,620 American Ship Building....* . . Amer 717,300 101,400 97,700 14,100 55,700 680,206 121,100 354,450 29,300 541,100 1,340,700 9,700 400,000 275,800 1,876,700 49,600 4,927,900 31,100 215,400 3,660 %mer Vmprlcan ..... Snuff .. ...... Ill 25 4% preferred...........100 Steel Foundries..... American Stores ...... American 8ugar Refining.] Preferred —1 Amer Sumatra Tobacco.... felep At l'eleg.—...I American Tobacco........ Amer Class B ——...... 4% preferred—.—.....1 Type Founders., American tm Wat Wkh & El ........ $4 1st preferred......... American Woolen......... Preferred.,'.. Amer .1 Zinc, Lead Ar Smelt.. $5 prior conv pref....... Anaconda Copper ...... Anaconda Wire it Cable... Anchor Cap Corp $4.54 conv preferred..... For footnotes tee pag» * Smelt At Refining,. Preferred 40 49 23 93 146 64 12 2 20 29 29 50 2 Dec. 30 31)4 Dec. 2 1 Dec. Dec. 29 160 Dec. 28 2 22 Dec. 43)4 Dec. 28 109 69 8 Sale Sale Sale 17 Sale 66)4 Sale 3)4 Sale Sale 102 H 119 Sale 30 Dec.,22 Dec. 22 18)4 Dec. 21 11g 10 it* it* 1937 Dec. 27 3M"Dec. 17)4 8)4 14)4 10)4 3)4 Dec. Dec. Dec. Dec. Dec. 29 29 , 4 8 . 27 29 Dec. 29 33 Dec. 29 1)4 Dec. 29 15)4 Dec. 28 5)4 Dec. 29 2 18)4 Dec. Dec. 28 Dec. 29 3)4 Dec. 29 2 27 Dec. 101 Dec. Sale Sale Sale 11)4 Dec. 28 165 Sale Sale Sale Sale Sale Dec. 8 12 2 18 1 15H Dec. 5)4 .Dec. 8 8 34 31 j 8 15 39 4 161 Sale 67 69 Sale Sale Sale Sale 139 H Sale 139 Sale Sale 1m Sale Sale 88 Sale Sale Sale Sale 6)4 Sale 35 Sale Sale 30)4 Sale 46)4 Sale Sale Sale Sale Dec. Dec. Dec. 10 Dec. 3 14 Dec. 1 28 % Dec. 21 48 3)4 Dec. 25)4 Dec. J* 28 1 6 23 19 19 15 24 Oct. 19 97 8 146 1 11 11 10 Dec. 4 Dec. Dec. 2 13 Oct. 19 6)4 Oct. 19 145 1 19 6)4 Oct. 18 49 34 Dec. Dec. 10 Dec. 8 II* Dec. 49 H Dec. 20 16)4 Dec. 101)4 Dec. 18)4 Dec, 13 Dec. 1 105 42 Jan. 9 4)4 Jan. 26 36 80] 5] Dec. 29 Oct. 19 Jan. Jan. Jan, Feb. 58)4 Feb. 52)1 Feb. 45 % Mar. 23)4 Apr. 258)4 Mar. 17 H Aug. 33)4 Jan. 21H Mar. 85 Mar. Oct. Jan. 50 Feb Feb. 36 Oct. 11)4 Oct. Oct. Oct. 20)4 5)4 .8)4 12)4 Dec. 30 Oct. 19 80 19 19 Nov. 29 Oct. 19 Oct. 19 Oct. 2)4 Oct. 17)4 5)4 14)4 7)4 2)4 20)4 32)4 1H Dec. Oct. Dec. Oct. Oct. Oct. Oct. Oct. 14 Oct 29 19 29 19 19 19 19 19 20 29 Oct. 19 10M Oct. 19 -3 26 3 31 26 9)4 140 15)4 63)4 15)4 7)4 122 46 125 22)4 7)| 24 104)4 58)4 128)4 Jan. 23)4 30)4 33% 99)4 12 9 14 16 0 9 28 13 15 11 22 16 4 18 18 9 Mar. 17* 13H Mar. 4 Jan. 22 68)4 Jan. 28 11 19 19 28 18 38)4 Jan. 22 58 H Jan. 22 Feb. 21 5 Mar. 13 11 55 Mar. 13 Mar. 3 52 4 Mar. 10 Feb. 15 27 17, Mar. 11 58 * Feb. 4 125 Feb. 5 29)4 Mar. 8 13)4 Jan. 20 68)4 Mar. 10 Oct. 19 68)4 Jan. Jan. Nov. 16 148 19 29 25 3 Mar. 31 Jan. 21 Mar. 2 Jan. 28 Jan. 18 19 22 Nov. 20 129)4 Feb. Feb. Oct. 20 75 Dec. 29 31)4 Dec. Oct. 19 16)4 Jan. Oct. 19 87)4 Jan. Oct. 19 72)4 Jan. Oct, 19 29)4 Feb. Jan. Oct. 23 170 Oct. 19 45)4 Mar. Dec. 29 101)4 Aug. Feb, Dec. 29 36 Feb. Oct. 19 29 Mar. 58 Dec. 7 Nov. 23 105 H Mar. 2 154 Jan. Dec. Oct. 24)4 Nov. 100 Feb. 29 19 225 19 5)4 Dec. 14)4 Oct. 19 53 18 15 Jan. Jan. 9 Feb. 4 19 104)4 Feb. 4 19 33)4 Aug. 25 19 150 Aug. 25 19 112 Aug. 12 86 90 Oct. Oct. 11 17 83)4 Jan. 22 19 41)1 Dec. 30 75)1 Oct. 19 80)4 Dec. 1 160 109 Dec. 29 121 69 151)4 Oct. 22 174 15k Oct. 19 71 ' 10 7 25 22 Feb. 25 Aug. 10 Feb. 18 Feb. 11 28 57 Dec. 85 Aug. 13 22)4 Mar. 11 28H Feb. 8 8)4 Oct. 19 39 U Jan. 8H Mar. 1)4 Oct. 19 19 Oct. 20 52)4 Mar. 51)4 Nov. 23 114)4 Mar. 53)4 Oct. 19 101)4 Jan. 14 140 3 8 Nov. 23 Oct. Dec. 1 Dec. 6 Dec. 2 Dec. 1 Dec. 8 Dee. 17 Dec. 3 < Oct. 7)4 Dec. 28 10 Sale Prices ■*' 55 Mar. 8 69 Mar. 6 Mar. 11 1003 Oct. 19 15)4 Oct. 5 166 Oct. 19 5)4 Oct. 19 59)4 Oct. 20 59 19 19 Dec. 22 Dec. 3 29)4 Dec. Dec. Dec. Dec. 21 Dec. 29 10)4 Oct. 52)4 Dec. 21 2 126)4 Dec. 24 Dec. Dec. 29 50)4 Dec. 23 3 128; Dec. 31 Dec. 26)4 Dec. Sale Sale Sale 8 75)4 Dec. 19)4 Dec. 2 35)4 Dec. 29 Dec. 28 28)4 24 Dec. 28 106 16)4 Dec. 29 142)4 Dec. 29 152 Dec. 28 67 57 58)4 Dec. 28 69)4 Dec. 9 139 xl37 Dec. 29 5 7 Dec. 29 Dec. 87 149 Dec. 8)4 Dec. 29 7 24)4 Dec. 44)4 Dec. 29 Sale Sale Nov. Oct. Oct. Oct. Nov. 53 9 63 X Dec. 29 15)4 Dec. 29 125 Sale 3 24 Sale 110 19 Sale Dec. Dec. Dec. 16)4 Dec. 29 122 Sale Dec. 22 48)4 Dec. Sale Sale .. Dec. 81 128 Sale >18 Dec. Dec. 8 8 Sale Sale Sale Dec. 8)4 Dec. 24)4 Dec. Sale 50 125 Dec. 4)4 Dec. 10 25)4 Dec. 37)4 Dec. 9 105 2 633 26 153 25)4 Dee. 12 21 60 12 1 20)4 Dec. Sale 10% Nov. 8 Nov. 26 43)4 7% 17)4 16)4 1)4 44)4 )4 175 Dec. 5 29 Dec. 29 5)4 Dec. 29 35)4 Dec. 29 29 Dec. 29 Sale 105 1 it* 29 Sale 30 Dec. Dec. Dec. 3 2 65 Dec. 20 60)4 Dec. 10 Dec. 1 Dec. 3 Dec. 21 Dec. 21 87 Dec. 1 167 Dec. 24 28)4 Dec. 20 54 Dec. 8 6 18)4 Dec. Dec. 100 9 96 Dec. 6 22 Highest 36 37 5)4 Dec. 3 6K Dec. 15 6 Sale If* 27$ 3 9 Dec. 21 16 Dec. 9 81A Dec 27 165 Sale 27 6 29 2 Dec. Sale 143)4 Dec. Dec. Dec. 3)4 Dec. 29 Sale 65)4 8 Dec. 20 Dec. 24 Dec. 3 16)4 Dec. 14 Sale Sale 150 Dec. 23 Dec. 7)4 Dec. Sale" 23H 44)4 18 29 59)4 Dec. Sale" "34" 107 Sale Sale Sale Sale 46)4 19 Sale Sale Sale 182 Sale Sale Sale Sale Sale Dec. 20 300 Sale Sale 1)4 Dec. 11 28 80 Sale 2 Sale Sale Sale Sale 89 H Sale 8 3 8 8 VA Dee. 16 54)4 Dec. 20 1)4 Dec. 1 2 169 2 51)4 Dec. Dec., .28 1034 Dec. 28 Sale 24 Sale Sale" Sale 25 Sale Sale 125 68 147 Sale Sale 103 Sale 3 18 54 Sale Sale Sale Sale Sale Dec. Dec. Dec. Dec. 29 8 28 Dec. 27 Dec. 27 Dec. 27 20)4 Dec. 5)4 Dec. 10)4 Dec. 12)4 Dec. Sale Sale Sale 26 Sale 140 24 Sale Sale Dec. 47)4 10)4 20H 23)4 19 13)4 Dec. 29 215 Sale 40 Sale Sale 19 Sale Sale Sale 38)4 Dec. 17 40 2 Dec. 29 41)4 Dec. Sale . 1,345,200 22,300 32,770 1.58C Dec. Sale 20)4 12)4 American Hide Ac Leather American Ice 3 29 28 29 31 11 14 29 3 95 Dec. 91)4 Dec. 13 9 ——* 4% preferred——————50 74,900 66,600 Amer Home Products.......1 215,200 28 7)4 Dec. 28 10)4 Dec. 29 6)4 Dec. 29 83 Sale Sale Sale 8ale $7 preferred.—..————* 2d 153 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Sale Sale 13 300 & 1)4 12)4 12)4 12)4 14 H 15)4 6)4 25 Sale Sale Am YEAR Lowest. Sale Prices 16)4 "Dec "28 'l2)i"D"ec.""l Sale s4i* Amer Encaustic Tiling.....1 American 36)4 Dec. 40 Dec. 43)4 Dec. 8)4 Dec. 17)4 Dec. 19)4 Dec. 1)4 Dec. 48)4 Dec. )i Dec. 150 Sale Sale Sale 6% Highest Sale Prices Sale Alcohol..—......20 Amer Crystal Lowest Sale Prices 72 11)4 Sale * County, N J............35 360 13,300 & Cable American Chicle....... 209,800 1,000 75,800 14,400 19,300 187,100 Sale Sale ..... Preferred..............10tt * Preferred ..100 90 460 4 68 Sale Sale American Can..........—25 7,800 22,000 800 Sale Sale 78 Amer Car Ac Foundry.. 5% preferred...——....100 37)4 43)4 Sale • American Chain Ask Sale 5H % conv preferred....100 Am 25.100 36)4 68,900 Alpha Portland Cement....* 423,900 Amalg'mLeatherCostlncNewl 6% cum preferred..—...50 36,400 182,300 Amerada Corp.............* 65,600 Amer Agrlc Chemical (Del).* 183,800 American Bank Note......10 6% preferred 50 5,200 32,100 Dec. 31 Bid Laboratories.......* .....-* mmmmmrnmm 5,800 19,400 1,400 29,600 2,400 20,200 3,500 6,000 17,300 2,700 5,900 5,300 1,200 16,800 46,850 2,700 19,100 12,900 Dec. 1 Ask Aoraham At Mtran 79.100 Acme Steel Co............25 514,000 %dama Express 35,900 Adams Mlllls. 90,900 Addressograph MUltigraph 10 74,400 Advance Rumely--......... 329,000 Air Reduction Inc..... ....* 245.000 Air-Way Elec AppllCorp... 80 Alabama A Vicksburg Ry.100 504,600 Alasaa Juneau (Jnltf Mln 10 * 60 Albany & Susquehanna.. 100 1,440,700 Allegheny Corp............* Pref series A $30 warr'ts .100 238,700 Pref series A $40 warr'ts 100 32,900 Pref series A $30 ex-war .100 22,900 $2.50 prior con* pref.....* 73JOOO * 290,200 Alleghany Steel. 39,500 Allen Industries Inc........l 196,600 Allied Chem 8c Dye 5 12,300 Allied Kid Co * 205,125 Allied Mills Co Inc 1,344.200 Allied Stores Corp.........* 5% preferred..........100 35,100 982,400 Allls Chalmers Mfg 45,766 Jan. 2 1937 Par Abbott RANGE FOR Price Shares 2,300 35,300 2,600 5,200 4,200 33,200 14,200 400 PRICES IN DECEMBER STOCKS Jan Jan. Jan. Jan. Jam. 73 26 56 143 25 187 99 Jan. . Jan. 1 15 9 13 18 12 3 21 11 18 3 30 19 11 28 29 5 21 20 11 13 25 8 28 99)4 13 150)4 19 20 H 19 29)4 Feb. 4 Jan. 20 Feb. 3 Jan. 13 20 107 Feb. Jan. 28 19 15 19 19 8 1 18 Jan. 12 Feb. 23 20 79)4 Feb. 28 Mar. 19 Feb. 23 97 79 88* 20 19 24 H Aug. 2 Feb. 13 26 111 AGGREGATE In December SALES 12 Months 1937 PRICES IN DECEMBER STOCKS N.Y. STOCK EXCHANGE 600 1,600 7,600 T.665 100.300 1,800 41",900 4,800 8,800 27,655 700 "T,806 950 660 105,900 4,900 27,500 4,800 4,400 48,900 1,100 38,300 3,700 4,500 140 5,800 36,300 2,900 170 51,200 78.900 138,800 23,300 600 90 25,300 8,300 700 61,800 5,200 Ask 700,700 Baldwin Locomotive Works.* 395,300 Assented 564,000 V t c when Issued...... 13 2,533,300 Baltimore At Ohio 100 308,400 4% preferred .......100 20,200 Bangor At Aroostook.... 50 5,460 5% conv preferred ...100 527,900 Barber Co Inc .........10 86,600 Barker Bros II.670 5H% preferred 50 1,409,100 Barnsdall Oil Co 5 123,500 Bayuk Cigars Inc..........* 69,500 8,000 1,180 13,900 154,400 1,400 680,200 171,800 56,400 9,200 494,200 5,200 7,300 5,500 8,100 20,400 40 10 230,750 9,000 820 870 12,800 59,500 53,600 5,200 2,100 4,300 28,100 62,600 2,600 4,400 6,500 7,600 47,800 11,900 18,900 1,000 8,900 31,300 290 53,900 2,510 26,800 17,600 9,400 26,300 45,600 7,500 3,500 680 13,800 9,100 19,100 14,500 2,010 7,400 9,300 100 35,200 49,300 19,600 63,800 85 87,100 3,500 3,400 50 20 7,400 9,100 21,700 1,860 33,200 8,000 58,200 300 5,300 450 4,300 29,900 100 5,600 11,400 400 ........100 Beatrice Creamery ... 25 $5 preferred w w „_* Beech Creek RR Co.....fci.50 Beech-Nut Packing... ..20 Beldlng-Hemlngway * Belg Nat Rys part pref Bendlx Aviation Corp 5 Beneficial Indus Loan Corp.* Best Ac Co • 1st preferred 3,171,000 Bethlehem Steel Corp (Del).* 102,800 5% preferred 20 63,000 7% preferred .......100 39,900 Bigelow-Sanford Carpet Inc * 110,200 Black Ac Decker Mfg Co * 496,900 Blaw-Knox 2,220 BloomlngdaleBros.__..._..* 1,230 Blumenthal At Co pref.... 100 1,350,550 Boeing Airplane Co ..5 130,400 Bohn Alum At Brass Corp 5 8,290 Bon Ami class A ...* 11,830 Class B • 34,900 Bond Stores Inc............1 633,400 Borden Co. (The) 15 512,700 Borg-Warner Corp.........5 97,600 Boston At Maine... 100 43,700 tBotany Cons Mills A 50 28,100 Bower Roller Bearing Co..17 868,300 590,700 41,800 40,300 230,700 48,900 564,500 78.500 142,600 17,300 198,900 444,800 3,150 1,138,000 17,800 618,200 289,600 122,500 77,000 433,600 177,600 33,490 Bridgeport Brass Co 382,200 160,300 798,100 375,900 17,740 141,000 120,600 3,400 1,903,800 1,350,300 171,700 1,132,000 1,335 1,353,200 28,000 Br unswick-Bal ke-Coll. 1,251,700 3,260 76,900 73,700 36,420 400 40*4 {Bush Terminal Co • 7% debenture...... 101 Butler Brothers 5% 10 6 12 18 Caterpillar Tractor... 2424 12 • 7% prior preferred.....100 Celotex Co 5% preferred..........lit) Central Agulrre Associates.* Central Foundry C0.—....I 15 Central Violeta Sugar Co.. 19 Century Ribbon Mills • Preferred.... see page 40 100 67 16 *4 23 3*4 Sale Sale 87 10*4 29 111 16*4 Sale 92 103 30 34 97*4 Sale 8 5' 13*4 17*4 35*4 51*4 15 92*4 23*4 14*4 12*4 15*4 9 101 ' 9 33 71*4 Dec. 22 106 Feb. 18 70 June 29 8 32*4 Nov. 23 94*4 May 7 Feb. 7 66*4 Dec. 27 104 18 Oct. 19 55*4 Mar. 17 5 Oct. 19 29 Mar. 13 50 8 8 8 6 Dec. 9 Dec. 3 42 Dec. 3 8 46*4 Dec. 112 Dec. 20 6*4 Dec. ,3 8 Dec. 3 3 Dec. 1 10!!f 20*4 Dec. 21 4*4 Dec. 21 Dec. 3*4 Dec. 28 Sale PoM ' 97 Sale 10*4 17*4 16*4 Sale r29*4 Sale 58*4 Sale 14 *4 Sale IVA 24 Sale 13*4 Sale 85*4 Sale Sale Sale Sale Sale Sale 23*4 14*4 Sale 17*4 15*4 64 \lH 50 Sale 87 Sale 40 Sale Sale 11 Sale « V* Sale Sale 31 Sale 16 Sale 7*4 Sale 19*4 Sale 22*4 25 28*4 30 1*4 Sale r7 9 Sale 21 Sale 18 Sale 35*4 Sale 34 35 9*4 Sale 8*4 8* 7*4 Sale 74*4 84 Sale 85 42 44*4 4*4 Sale 33 Sale 19*4 Sale Sale Sale 33*4 Sale 2*4 8*4 Sale Sale Sale 14 8*4 Sale 20*4 Sale 3*4 Sale 10*4 Sale 31 34 Sale Sale Sale 61*4 14*4 Sale 60 61" 15*4 15 52*4 Sale Sale 14 14*4 15 Sale 45 Sale 8*4 31 Sale 5*4 33*4 101*4 '82*4 103*4 7*4 Sale 138 88 141" 125 Sale 16*4 4*4 88*4 27*4 Sale 47*4 88 26*4 8*4 Sale 37*4 Sale" Tl"" Sale" 103*4 108*4 Sale Sale Sale 16*4 Sale Sale Dec. 10 Dec. Dec. 4 Dec. Dec. 8 22 3 Dec. 10 Dec. 15 41*4 14*4, Dec. 18*4 Dec. 29*4 Dec. Oct 21 Dec. 34 36*4 Dec. 10*4 Dec. 2 15*4 De.. 34 Dec. Dec. 3 Dec. 3 Dec. 8 6*4 Oct. 76 Dec. 2*4 Oct. 8 Oct. 6 5*4 50*4 4*4 34*4 22*4 29 24*4 Dec. 14*4 Dec. 29 5*4 Dec. 14 Dec. 8 35 Oct. Dec. 1 ilH Dec. 29 2*4 24*4 10*4 5*4 Oct. Dec. Oct. Dec. 15 Oct. 1 Dec. 8 Dec. 8 Dec. 31 Dec. 1 Dec. 1 11*4 Dec. 30 6*4 Dec. 29 Dec. 9 10 Dec. 3 Dec. 4 5*4 Oct. 16*4 Oct. Dec. 3 Sale 17*4 Dec. 29 2*4 Dec. 28 7*4 Dec. 29 30 Dec. 27 15 Dec. 28 18*4 49*4 1*4 6*4 Dec. Dec. Dec. Dec. 29 10 Dec. 28 10*4 Sale Sale Sale 7*4 Sale r28 Sale M 4*4 Sale 45 36*4 lbcY* 8*4 21*4 3*4 11*4 37*4 20*4 23*4 49*4 Dec. 7*4 28*4 4*4 37*4 Dec. Dec. Dec. Dec. 80 Sale 3*4 Sale '20*4 r 56 Sale 90 Sale Sale 95 104*4 I" Dec. 9 Dec. 9 24 Dec. 4 Oct. Oct. Oct. Dec. 3 Dec. 28 49*4 Dec. Dec. 29 1 1 4 1 10 It" 3!* 6 29 29 16 Oct. Dec. Dec. 21 Oct. 1 Dec. Dec. 3 Jan. 22 25 13 Aug. 16 28 Jan. 18 50*4 Aug. 26 Mar. 23 lS& Jan. 34 Aug. 14 11 1 47 8 23 13 14 Jan. 12 53 102*4 Jan.- 2 52*4 Jan. 14 50 Jan. 24 24 Jan. 2524 Feb. 7 11 3 117*4 Mar. 12 14*4 Jan. 11 98 13 Jan. 7 Feb. 15 65*4 45*4 18H 35*4 11*4 Mar. 2 Jan. 18 39 July 14 Feb. Jan. 9 29 Feb. 1 45*4 Feb. Mar. 36*4 Mar. 9*4 Feb. 33*4 Mar. 1 2 3 25 9 21 91 Jan. 34*4 48*4 52*4 6*4 20*4 37*4 Mar. 12 Feb. 2 Nov. 4*4 Dec. 37*4 Dec. Jan. Jan. 38*4 Ja,n. Oct. Dec. 3 6*4 Dec. 37*4 Dec. 16 29 Oct. ■■ Dec. if* Sept. 29 Feb. Jan. 25 12 Feb. 13 Mar. 19 Jan. 14 Mar. 10 Jan. 9 18*4 Mar. 11 2 52*4 Jan. 90 85 14 *4 Oct. 12*4 Oct. 18*4 Dec. 2 23 13*4 Dec. 28 44 1*4 Oct. 6*4 Dec. 9*4 Dec. 15*4- Dec. 28 93 46 24 Apr. Oct. 5*4 Dec. 15*4 Dec. 28 38*4 Dec. 29 7 10 49*4 Mar. 3 48*4. Feb. 13 1 9 Dec. Dec. 8§H 21 59*4 Feb. 11 53*4 Feb. 13 Dec. 29 32*4 Jan. 94*4 Jan. Dec. 7 27 Jan. 29 24 Mar. 10 28 21 Dec. 38 23*4 Feb. 23 Dec. Dec. 18 129*4 Feb. 16 69*4 Feb. 10 Dec. Dec. 4 Jan. 11 Oct. 1!* 76 20 Feb. Oct. 33 29 30*4 7 28 Dec. 8 19 18 Dec. 28 Dec. 29 1 35*4 Feb. 20*4 Jan. 16 Aug. 10 9 28*4 Feb. 115 22 Dec. 7 9 9 2*4 Dec. 7*4 Dec. 28 21 8 _ Dec. Dec. 29 Oct. Dec. Dec. *4 Oct. 15*4 Dec. Dec. 28 76*4 Oct. 3 26*4 Dec. 30*4 Dec. Dec. 21 16 Dec. 28 Dec. '"Oct. Oct. 22*4 Dec. Dec. 21*4 Dec. 29 Oct. 9 15^4 Dec. 39 11 Dec. 10 21 Jan. Oct. 16 29 Jan. 42 Oct. 85*4 Nov. 22*4 Dec. 13*4 Oct. 50 29 Mar. 32 41 3 5 Feb. 11 Feb. 8 43*? 5 23*4 Jan. 62*4 Jan. ^.8 105*4 Mar. 11 Dec. i§* 89 45 110*4 Oct. Oct. 15 6*4 Dec. 31 Sale Jan. Nov. 10105*4 Mar Dec. 29 43 *4 Feb. 14 Sale 30*4 rl5*4 Sale 18*4 Sale 52 47*4 1*4 Sale 3S8 114*4 July 14 8 15*4 Feb. 4 88*4 Aug. 15 Dec. 3 29 30 Oct. Oct. Dec. Oct. Dec. Dec. 7 12 Jan. 14 Dec. 18 21 9*4 Jan. 29 Dec. Dec. 13*4 Oct. Sale . 106 29*4 90*4 7*4 82*4 8*4 2*4 Dec. 28 Sale 28 29*4 Sale 4 3*4 Sale 100*4 101*4 102*4 9*4 10*4 Sale 6*4 Sale 6*4 Sale 4 6 6 4*4 96 92 16 Dec. 28 6*4 17*4 Sale 2*4 Sale 93 62 17 2 98*4 Sale 47*4 Sale 99*4 Sale 14*4 Sale Sale 4 Dec. Dec. 29 83 Sale Dec. 50 7*4 Dec. 28 Oct. 16 Sale Sale Sale Sale Sale 36*4 Sale Sale Sale Oct. 9*4 Oct. 33*4 Dec. 24 Dec. Dec. 10 108 Dec. 22 1* Nov. Sale 12 *4 90, 85 102 19 Sale 80*4 7 42 3*4 25*4 15*4 7*4. 17*4 2*4 6*4 Sale 100 101 108 39 80 Sale • A* Sale 8 20 18 *4 Dec. 15*4 Dec. Sale 8*4 Sale r2624 Sale Dec. Dec. 15*4 Dec. 13*4 Dec. 22*4 Dec. 3 10*4 Oct. 7*4 Dec. 27 Dec. Dec. Sale 3*4 Sale *4 Sale 16 17*4 Oct. Oct. 8 15 Dec. Dec. 23 Sale 9 85 89 95 •23*4 Dec. 22*4 Dec. 17 2*4 W* Sale Oct. 30 63*4 Dec. 22 39*4 Dec. 14*4 rl3 ~'£V* 23 Sale 33 Sale Dec. Sale 8*4 5*4 Sale Dec. Dec. Dec. Dec. Dec. Dec. Dec. 50 10 8 K* Dec. Sale 2 Sale 7*4 Dec. 82*4 Dec. 10*4 Dec. 16*4 Dec. 48*4 14*4 88*4 22*4 13*4 10*4 15*4 8 15 94 30*4 97*4 8*4 82*4 13*4 17 Dec. 29 19 40 *4 Mar. 17 47 *4 Mar. 17 Dec. 18 94 Sale 9*4 22*4 30*4 31*4 14 2*4 Oct. Dec. 1 i* 96 20*4 Sale 27*4 . 23*4 Aug. 18 111*4 Dec. 29*4 Dec. 29 £7*4 83 18 Oct. Dec. 95 Sale Jan. 8*4 Oct. 30*4 Dec. 22 42 95 44 Feb. 18 5 Dec. . 90 13*4 Dec. 7*4 Dec. 26*4 Dec. 12*4 Dec. 9*4 Dec. Dec. 19 88 Oct. 19 18 37 Mar. 11 101*4 Sept. 29 116*4 Feb. 6 7*4 Dec. 29 18*4 Mar. 6 39*4 Oct. 19 52*| Mar. 10 38 Nov. 26 94 Mar. 11 101 Dec. 30 133 Jan. 13 4*4 Oct. 19 18*4 Jan. 9 3*4 Dec. 29 34*4 Feb. 2 2 Sept.25 9*4 Feb. 1 15 Dec. 29 52*4 Mar. 25 18*4 Dec. Dec. * Dec. 18 , 13 11*4 110 Dec. 109*4 112 15 Sale 14*4 Dec. 93 27*4 Sale 4*4 4. 8*4 Sale 3*4 3*4 25*4 Oct, 9 16 Dec. 16 34 89 41*4 14*4 26*4 Sale 28 Dec. Dec. 7*4 Dec. 9*4 Dec. 11*4 Dec. VcX* 88 43*4 Sale 26 58 83 3 18* Dec. 15 July 23 Mar. 5 Jan 28 Mar. 9 3 4*4 Dec. 3*4 Dec. 2*4 Dec. 24*4 90 7*4 6 4 20 70*4 Mar. 13 16*4 Feb. 27 17*4 Jan. 21 3 Dec. Dec. 29 8*4 84*4 82 90 Sale Sale 26*4 13*4 Sale 11*4 .11*4 262 30 14 *4 110 34*4 Sale 42*4 Sale 7*4 19 19 Nov. 27 100 Dec. 29 24 *4 Dec. 9 101 Nov. 20 125 Dec. 23 57*4 Dec. Dec. ' 30 l\*A W* 97 10 101* 4124 108*4 112 13 24 Sale 83 24 25 24 Sale 22*? Sale 5924 6124 75*4 Sale 19*4 Sale 126*4 127 66*4 Sale 34*4 Sale 24*4 Sale 30*4 33 93*4 99*4 88 19 79 Dec. 75 Dec. 43 *4 Dec. 75*4 Dec. 28*4 Dec. Dec. Dec. 21*4 Dec. Dec. r2H Sale Oct. Dec. Dec. 110 6 £40 Dec. 21 7*4 Sale Sale "16*4 Sale 115 Central 111 Lt 4*4% pref..100 100 8*4 Dec. Dec. r4*4 Sale 3*4 Sale 8 70 71*4 Dec. 34 10 Sale 31 46 24 100 5% preferred 100 Celanese Corp of America... • 33 70 100 Sale Mar. 19 4*4 Oct. 2*4 Oct. 3*4 Sept. 3 Sept. 101 Campbell W Ac C Foundry.. Canada Dry Glng Ale 5 7% preferred Dec. 29 Dec. 9 6 58 67 73 22*4 Sale 5*4 5*4 9*4 10*4 114 4 121*4 Feb. 18 111 30 " 80 Sale 8*4 Sale 3*4 Sale 19*4 22*4 3*4 Sale 37*4 Jan. 12 10*4 Feb. 10 46 Feb. 18 13*4 Feb. 27 Dec. 29 99*4 Mar. 1 Feb. 4 126 Jan. 6 57 1 Sale Sale 20 18*4 Dec. 104*4 Dec. 10554 104*4 Sale Sale 7*4 Dec. 7*4 Sale 8*4 40 40*4 41*4 39*4 Dec. 41*4 Sale 43 40*4 Sale 38*4 Dec. 52 47*4 1*4 Sale 8*4 Sale Carriers At General Corp.._.l Case (J I) Co 100 4*4 Dec. Dec. 28 20*4 110 6 Oct. 4*4 Oct. 1 104 2*4 Sale 15*4 Sale * Dec. 3 80*4 11* 19 28 96 8 nHSale 39*4 Sale 73*4 Sale 26*4 Sale Dec. 93 80*4 Sale 74 Oct. 2*4 Dec. 29 22 5*4 Dec. 28 40 45*4 Sale Central RR of N J 58 70 Callahan Zi nc-Lead Cannon Mills 7 33 18 23 Canada Southern Ry Co.. 100 Canadian Pacific. 25 42*4 Dec. 90.. 28 Calumet At Hecla Cone Cop .5 Dec. 29 il6/a 79 Byron Jackson Co..........* Calif Packing Corp. 5% preferred .......50 ..1 30 "6*4 ,70*4 77 27*4 Sale 112 28*4 Sale 86*4 Sale . Dec. 85 Sale 55 35 2624 29*4 Sale ......... 68 7 1 97 24 2624 Byers Co Partic preferred........100 Dec. 29 60 Sale 55 "37" Sale' preferred.......SO Butte Copper Ac Zinc. 5 conv 57 Highest Sale Prices 116*4 May 85 Sale 35 41 • • 8 3 6 33*4 Sale r6*4 Sale 3*4 Sale Burlington Mills Corp......l 270 Car Clinch F At Ohio Ry..l09 Stamped lQi 2,250 ...5 24,600 Carpenter Steel Co 221,800 175,000 9,130 241,800 12,300 1,637,250 13,140 128,800 11,010 68,600 33 24 • Billiard Co Dec. 6*4 Dec. Sale Sale * Burroughs Add Mach 99 4*4 "21*4 Sale' ...100 ... 94*4 Dec. 28 5*4 Dec. 28 57 Sale Watch 102 5*4 Sale Sale 7% preferred. ..........100 Preferred 1% Wheel Dec. 100 Budd (E G) Mfg Bulova 28 Sale 7 24 Sale 10 Budd 28 Dec. 9 24 * Bucy rus-Erle Co 13*4 Dec. 27 2*4 Dec. 29 22 8 39*4 Bristol-Myers Co...... 5 Brooklyn At OueensTransit.* $6 preferred........ .* Bklyn-Manhattan Transit ..* 14 preferred series A......* Brooklyn Union Gas........* Brown Shoe, Inc .* 41,500 Capital Admin Co Ltd c A..1 S3 preferred class A.....10 2,970 1937 Lowest Sale 95 68 65 * * tBush Term Bldge— Pref ctfs of deposit.....100 20,030 Fa. footnotes YEAR Sale Prices 119 Sale ...* Brlggs Manufacturing Briggs Ac Stratton 15 Highest Sale Prices 15 Dec. 8 5 Dec. 31 Sale Prices Sale r23*4 Sale m . 5,100 800 Sale . 630 11,300 100 53,700 7,900 3 42.800 A P W Paper Co Ask 11 5 15*4 14*4 Sale 5*4 Sale 61,700 Archer Daniels Mid.........* 780 Preferred ...100 119H Sale 28,900 Armour (Dei) 7% pref 100 Sale 3,362,800 Armour of Illinois —5 Sale 53,500 SO convertible preferred. .* 134 H 5,400 7% preferred .........100 Sale 436,600 Armstrong Cork Co........* Sale 103,600 Arnold Constable Corp..—5 Sale 124,600 Artloom Corporation ..J.* 100 310 Preferred... .......100 Sale 377,700 Associated Dry Goods 1 100 8,400 6% 1st preferred.......100 120 780 7% 2d preferred 100 11,600 Associated Investment Co..* 4,900 5% pref with warrants. 100 I,120 5% preferred ex-warr... 100 70 Sale 1,037,400 Atchison Top Ac S Fe 100 56,200 5% preferred ....100 101*4 102*4 45 *4 Sale 507,100 Atlan Coast Line RR 100 25 26*4 32,800 Atl G At W 1 SS Lines * 40 54 43 37,100 5% preferred 100 734,800 Atlantic Refining 20 3124 Sale Sale 16,600 4% conv pref series A...100 112 606,700 Atlas Corp ............1 63,610 6% preferred............50 73 76 40,800 Atlas Powder • 130 2,230 5% preferred...........100 16 *4 Sale 55,800 Atlas Tack Corp .....__* 251,000 tAuburn Automobile .......* 28*? 30 7 72 88,000 Austin. Nichols Ac Co ......* 36 38 *j 7,520 15 prior A ♦ 6*4 Sale 1,064,900 Aviation Corp (Del) The....3 Ask Bid Bid Lowest Dec. 31 Dec A 1937 Par 30,400 Andea Copper Mining Co..20 40 100 40 RANGE FOR Price Jan. 2 Shares Sharer , EXCHANGE—STOCKS N. Y. STOCK 33 85 85 Dec. Dec. 6 Oct. 102 Feb. 8 85 Nov. 106 Jan. 18 2 35** June Dec. 3 13*4 Nov. 2*4 Oct. 100 Dec. 8 80 Nov. Dec. Dec 100 Dec. 1 97 Dec. 9*4 Apr. 20 191*4 Aug. 3 129*4 Jan. 22 Dec. 10 40 Nov. 100 Dec. Dec. 101*4. Dec. 10 97 Dec 13 Dec. 3 13 Dec. 105*4 Aug. 11 41*4 May 20 90 Dec. Dec. 2 90 Dec. 115 June Dec. 1 48*4 82*4 39*4 12*4 107*4 41*4 24*4 14*4 Mar. 8 Jan. 7 Jan. 12 Jan. 28 13*4 Dec. 3*4 Dec. 82*4 Dec. 97 43 97 19*4 Dec 55 Dec. 27*4 Dec. 2*4 Dec. 100 Dec. 9*4 Dec. 5*4 Dec. 4*4 Dec. 16*4 Dec. 22 , 4*4 54 a* 26 h 64 Dec. 3 29*4 Dec. 21 3 4*4 Dec. 102*4 Dec. 13 11*4 Dec. 7*4 Dec. Dec. 19*4 Dec. 52 24 2 96 Oct. Oct. Oct. June 8 „ 8 Oct. 8 4 Oct. 28 3*4 Oct. 95 Sept. 115 Feb. Jan Jan. Jan. Mar. an. 1 9 26 15 11 3 14 JAN., 1938] AGGREGATE N. Y. STOCK EXCHANGE-STOCKS SALES 33 PRICES IN DECEMBER RANGE FOR YEAR 1937 Price N. 7. STOCK EXCHANGE 12 Months 1937 Par 446,800 697,600 46,930 Cerro de Pasco Copp Certain-Teed Prod * 1 6% prior preferred "*00 Champion Paper Ac Fibre Co 3,350 6% preferred 10 158,100 20,600 154,250 955,750 15,200 53,300 148,600 164,100 266,600 Common.................* Checker Cab...............6 Chesapeake Corp Chesapeake & Ohio Pref series A ' .... W tChlc & Bast 111 RR 4% preferred 10* .......100 {Chicago Great Western. 104* 4% preferred...... 100 Chicago Mail Order Co 5 tChic Mil St Paul 8c Pacific Ask 71 17 34 Sale Preferred 100 Chicago Pneum Tool ..* S3 cony preferred........* {Chic Rock Isl Ac Pac 100 7% prefferred....; 6% preferred 9 Sale 3734 6% Sale Sale Sale 25 Sale 28 105 Sale 10934 110 3534 36 3734 50 8534v ««34 66 34 Sale 234 734 234 14 34 734 3 Sale Sale Sale 9 31 31% 2% Sale 1% 3% Sale Sale 3% 1234 12 1% 11% 24 Sale 19 Sale Sale 86 Sale 115 5 11% ~l6% Sale" 34% Sale 30 1% Sale 2% Sale 2% 2; 9% 10; 12% Sale 5% Sale 35% 50 57% Sale 13 67 63 Sale Sale 75 3% ...... 24 Sale 36 82 2,749,900 pref Sale 126 127 122% 124 Sale Sale 1334 111 Sale 124 5834 2034 Sale QQ 99 46 Sale 20% 25 21 Sale 21 27 Sale 1134 1134 Sale Sale Sale 1634 34 Sale Sale 7034 Sale Sale Commonwealth & Southern * Sale $6 preferred ._......* Conde-Nost Publlc'ns * Sale "1234 1434 634 10 Sale 734 934 rl734 Sale 1634 1734 r6534 Sale 12 Sale 2734 2934 734 Sale 73 Sale 6434 3134 Sale Sale 81 90 Sale 37 Sale Sale 85 93 Congoleum-Nalrn Inc......* Ay* Sale Congress Cigar Sale Conn Ry Ac Ltft 434 % pref. 100 Consol Aircraft Corp.———1 W Sale Consolidated Cigar........ Sale o 7% preferred 100 prior pref........100 734 134 r3834 534 2034 734 534 Sale Sale Sale Sale Sale Sale 834 1734 Sale 734 Sale 68 634% 74 Sale J $2 partic preferred—._._* Consol Edison Co of Mar. 17 Feb. 19 Mar. 8 Jan.. 14 2234 Jan. 29 1534 Mar. 3 80 Mar/11 13534 Feb. 11 92 Feb. July 234 Dec. 28 1734 Dec. 29 334 Dec. 2334 Dec. 3 8 1 Feb. 1934 Dec. 29 2734 13J4 11034 10734 57 Dec. 16 834 Dec. 29 95 18 Dec. 21 Dec. 29 6 Dec. 48 1434 Dec. 30 534 Dec. 29 8 Dec. 29 734 Dec. 29 1634 Dec. 29 1634 Dec. 28 Dec. 28 1034 Dec. 29 2534 Dec. 28 734 Dec. 29 72 Dec. 21 6434 Dec. 28 3034 Dec. 29 80 Dec. 14 34 Dec. 28 86 Dec. 21 634 Dec. 28 134 Dec. 28 3934 Dec. 28 5 Dec. 29 20 Dec. 24 734 Dec. 31 534 Dec. 20 2 1134 Dec. 6 5 Dec. 14 65 72 70 Sale 1 Dec; 22 Dec. 28 534 Dec. 29 2134 Dec. 29 9534 Dec. Sale Sale Sale Sale ... Sale Sale 4 a 5% preferred v t c 100 Consumers Pow Co $4.50 pf.* * .......100 A 22 98 102 6734 Sale 15 8534 2034 Sale 2934 Sale 33t Sale 8134 84 1234 Sale 1034 Sale 134 Sale Sale 11% Sale 69 Sale 38 Sale 107 Sale —5 999,100 Continental Oil of Del 144,700 Continental Steel Corp * 32,830 Corn Ezch Bank Trust Co..20 25 353,200 Corn Prod Refining Preferred.... ........100 10,900 698,700 Coty.Inc Sale Sale Insurance—2.50 .......25 398,100 Crane Co 5% conv preferred —100 86,600 53.500 Cream of Wheat ctfs—.....* _—..._* 135.600 Crosley Radio * 401,700 Crown Cork Ac Seal...... $2.25 conv pref w w ..* 11,000 Preferred ex-warrants .* 18.400 1,594,400 Crown Zellerbach Corp $5 conv pref 40,500 100 378,100 Crucible Steel of Amer Preferred ...100 11,800 • 144,800 Cuba Co (The) 15,180 Cuba RR 6% preferred... 100 408,010 Cuban American Sugar....10 Preferred ..100 16,250 50 50,150 Cudahy Packing Curtis Publishing Co (The)* 330,002 Sale 16534 16534 Sale 334 Sale "36" 2634 Sale 76 Sale 5434 47 6634 Sale Sale Sale Sale 9 Sale 363 333 4934 Sale x59 24 Sale Sale 9134 93 r2134 Sale 734 Sale 3334 Sale 3234 37 31 . Dec. 29 Dec. Dec. Dec. Dec. Dec. 3434 Sale 85 Sale 90 Sale Sale Sale 47 Dec. 2 1 5734 Dec. 163 Dec. 3 334 Dec. 28 23 Dec. 29 8834 Dec. 21 6 Dec. 28 634 Dec. 29 2 Dec. 31 34 Dec. 21 Sale 106 % Sale Sale 434 3934 334 1234 5434 Dec. 29 Dec. 29 1 Dec. 1 Dec. 24 Dec. new...........* Sale 4 Sale SaL* Sale Sale 2934 Sale" 2834 Sale 2234 Sale 1534 4834 2234 2234 634 Sale 60 Sale 2234 7 634 13 1334 1334 10134 10234 100 2134 Sale 2034 2234 Sale 1134 Sale 10 3134 Aug 2534 x4% x6834 6434 3034 Dec, 29 79 Dec. 70 Dec. Dec. 9 Dec. 14 80 Dec. 14 114 Jan. 4634 Dec. 8 34 Dec. 28 Dec. 86 Dec. 21 934 Dec. 5 1 Oct. 19 Jan. Jan. Jan. Oct. 19 34 Oct. 19 434 Oct. 19 83 96 8 3 234 Dec. 4534 Dec. 7 25 Dec. 17 Dec. 1 1034 Dec. 7 834 Dec. 2 1834 Dec. 30 834 Dec. 27 7134 Dec. 16 134 Dec. 11 834 Dec. 16 27 20 Dec. 23 734 Dec. 31 534 Dec. 20 8 Oct. 434 Oct. 6934 Jan. 18" Jan. 4534 Mar. 11 1934 Jan. 23 22 Jan. Oct. Oct. 18 87 Mar. 21 95 1 Oct. 19 534 Jan. 1834 Jan. 49% Jan. Mar. 11 20 9 23 434 Oct. 19 2134 Dec. 29 Nov. 26 108 Jan. 334 Oct. Dec. ' 1 Dec. 10 Dec. 2 Dec. 4 Dec. Dec. 20 6 Dec. 28 Dec. 29 Dec. 29 Dec. 3 Dec. 31 2 2134 Dec. 10 Dec. 29 7 14 July 7 1834 Jan. 15 65 63 92 . 8 12 28 25 21 13 26 Dec. Dec. 2 2 7534 Jan. 13 1934 Feb. 11 19 19 Dec. Dec. 14 25 No^. 23 12554 Apr. 1 Oct. 19 3934 Jan. 20 Dec. 28 4634 Jan, 20 Oct. 19 2034 Jan. 14 Jan. Oct. 19 108 8 Jan. 14 Dec. 28 101 40 Dec. 29 Dec. 29 Sale" 16 1 2 2734 Dec. 1234 Dec. 29 12 r5 Aug 1634 Dec. 29 1634 Dec. 28 65 19 Feb. 7 19 Apr. 1334 1734 100 Dec. 23 10534 234 Oct. 19 1034 134 34 Oct. 16 Oct. 3 Oct. 19 Oct. 19 1 Oct. 19 65 Oct. 18 5 23 4 Feb. 27 1334 Apr. 6 5254 Apr. • 9234 Aug. 16 Apr. 13 Jan. 14 IW 10IH Dec. 8 Dec. 23 22 Nov. 20 88 Dec. Dec. 9 21 Dec. 6 115 Nov. 23 37 4 6 Jan. Feb. 5634 15 17 9 2 23 23 11 19 8 13 15 14 16 Feb. 3 Aug. 13 Jan. 16 15 34 Dec. 12 26 Jan. 3734 Dec. 28 6934 Jan. Dec. 10634 Dec. 17 10834 Dec. Dec. 534 Oct. 19 2534 Jan. Dec. 23 Oct. 19 423» Jan. Dec. 34 Oct. 19 334 Feb. Dec. 24 Oct. 19 49 July Dec. Mar. 934 Oct. 19 Dec. 20 Feb. 4634 Nov. 27 77 Dec. 13 5034 Oct. 20 7134 Jan. Dec. 20 153 Apr. 14 17134 Jan. Dec. 1 3 Oct. 19 1034 Mar. Dec. 21 Dec. 2 2 Jan. Dec. Sale 40 32 1 Dec. 28 Dec. 17 2 Dec. Dec. 31 1434 Sale Jan. Jan. 3 3734 10634 734 2634 Sale Sale 30 29 2 2834 Dec. 14 3 1034 Dec. 45 Apr. 12 5134 Feb. 10 2734 Mar. 5 Dec. 29 8 Dec. 2 15 3 2 59 June 9 2534 Mar. 19 10434 Jan. 6 6234 Feb. 13 11234 Mar. 9 7% Dec. 29 Dec. Dec. 20 76 Dec. Sale Sale Sale 8 2034 Dec. Dec. 20 Dec. 1 Sale 10834 .^10 Jan. 1134 Oct. 19 534 Dec. 29 10 Dec 15 89 4934 Dec. 29 Sale 66 9834 Nov. 24 28 Sale "17% 10 29 19 Dec. 21 Dec. 29 16 Sale 1634 Dec. 2934 July 28 13234 June 19 17034 Apr. 7934 Dec. 28 1034 Oct. 19 734 Oct. 19 Sale 4834 Dec. 21 29 8 Sale 60 25 Sale 1734 934 1534 1134 14 Dec. 24 6 Sale 9 61 18 Jan. 5034 Feb. 28 3 8334 % 634 434 Sale 6 90 26 Dec. 834 Dec. 29 5734 Dec. 28 2 2934 Dec. 83 Dec. 16 34 Dec. 30 534 Dec. 24 334 Dec. 29 70 Dec. 22 Sale 3 Dec. 99 18 30 Dec. Sale Sale Sale Sale 2534 Dec. 95 8 Mar. Nov. Dec. Dec. Oct. June Oct. 28 3034 Dec. 29 Sale 123 7134 8 Oct. 4734 24 34 1334 11034 9334 5634 834 29 32 1734 Sale 1 20 Sale Sale 3534 1 Preferred Sale 13 Sale" Preferred Dlesel-Wemmer-GilbertCorplO 134 Sale 29 Sale Sale ....... Deere Ac Co Sale Sale • Cutler-Hammer, Inc.* new..* Uavega Stores Corp.. Conv 5% preferred......25 Dayton Pr Ac Lt 4% % pre 100 28 Sale .... Cushmans Sons 7% prof—100 $8 preferred........ ..* 1534 734 Sale 4 29 16 73 Sale 1 Dec. 534 934 23 10034 27 434 7934 1134 1034 133 6934 18 78 104 12034 23 1034 Dec. 98 2 10134 Dec. 28 28 834 Dec. Dec. 10534 100 334 Dec. 334 334 34 Dec. 34 Sale 334 Dec. 334 Sale „ Sale Dec. 58 Oct. Jan. 7 10234 June 21 113 1934 Dec. 29 4834 Aug. 16 26 Sale Class B 8 2 Dec. 24 41 Dec. Dec. 29 1634 Dec. 15 1 Dec. 28 12034 Dec. 6 Dec. 28 11934 Dec. Sale Continental Bak cl A 2834 Dec. 18 18 15 1034 Mar. 1 Aug, 10 2 Dec. 31 10834 Dec. 14 106 Sale Container Corp of America .20 Aug. 28 334 1034 834 2734 2 ■ 67 6934 7 {Consolidated Textile.. 40 45 74 Sale Consolidation Coal Co vtc.25 page $ 1 Sale Curt las Wright Corp.. Class A 33 3 Mar. 4 Feb. 17 Feb. 9 2 * Motors 734 Mar. 17 4 Dec. 8 Dec. Dec. 13 4 Dec. 3 Dec. Dec. 22 Dec. 16 3 Dec. Dec. 6034 Dec. 13 Dec. 67 Dec. Mar. 18 ' Dec. I»J Y fnc * 8% preferred 100 Dec. 10 Dec. 13 3 Dec. 3 Dec. 2 Dec. 6 Dec. 3 Dec. 8 Dec. 45 10 9034 Mar. 6 6834 Mar. 3 Mar. 11 434 Mar. 18 1334 Mar. 17 4 Mar. 8 1834 Mar. 6 1234 May 19 32 Jan. 20 3 Dec. Dec. 27 9 Dec. Dec. Feb. Feb. 4 6334 June 10 48 Feb. 13 63 99 39 Sale Sale 90 . ..... 82 111 82 "3734 Sale" 39 Sale Sale 100 Comm'l Investment Trust..* $4.25 conv pref ser of '35..* Commercial Solvents * $5 preferred Consol Laundries Corp Consolidated Oil Corp 2334 Feb. 10 Dec. 23 2 Dec. Dec. 20 82 ~ '29% 20 4 % % conv preferred Consol Film Industry Sale Sale 10 . 8634 Mar. 10 4634 Dec. 29 1134 Dec. 27 57 Dec. 31 58 Dec. 21 Sale Sale Sale 9 Sale see 3 1734 Sale 96 98 Sale For footnotea Sale ■!75 Sale - .....1 1,054,100 2.410 1,830 34,900 47,700 36,200 5,520 320,600 69,700 81,000 58 56 2 Dec. 45 2034 Sale 1035* 104J4 58% Sale 57 6% pref series A........100 5% preferred .......100 Commercial Credit 237,600 Continental 722,300 Continental 89,300 50 Sale 56 ...* common;—* 549,500 Continental Can..........20 $4.50 preferred * 1,900 159,000 Continental Diamond Fibre 6 2,876,700 - 11434 114 5734 5734 $5 preferred • 4,800 82,400 Consol RR of Cuba 6% pf.100 724,900 331,600 57,880 4.200 1,020,900 386,700 1,012,200 21,000 2 10734 11134 106 2534 Sale 20 90 78 Sale 47,070 Class B 2.50 29,600 —* 78,200 Columbian Carbon v t c 177,200 Columbia Pictures Corp vt c * conv 334 934 2534 34 29 19 19 6 Dec. 47 Broadcasting System Inc class A....2.50 12.75 a 1 334 234 1034 34% Dec. 334 Oct. 1834 Oct. 179 11134 Columbia Columbia G A El r% 234 3 3 3 100 9,350 Clove Elec III S4.50 ser pref..* .141,000 Clove Graphite Bronze (The) 1 610 Cleve Ac Pitts RR Co 7% gtd 50 Special guar 4%.. 410 ....50 59,900 Climax Molybdenum Co....* ._* 168.400 Cluett, Peabody Ac Co Preferred 100 1,420 * 144.500 Coca-Cola Co (The) Class A..... —• 11,600 833,500 Colgate-Palmollve-Peet Co—* 6% preferred...........100 17,900 * 246,100 Collins 8c Alkman 5% preferred 100 5,739 1,320 Colonial Beacon Oil Co.....* 148,000 Colorado Fuel Ac Iron Corp..* 23,420 Colorado Ac Southern.... 100 4% 1st preferred.......100 14,920 4% 2d preferred........100 3,960 14,700 2,988,600 37,100 2,240 435,900 '16,700 393,400 16,500 1,348,300 3,706,500 146,400 84,100 299,600 11,400 3.720 233,500 87.400 1,370 4,580 135,100 124,900 1,685,700 87,040 137.400 Sale 89 Sale 22 4434 Dec. 934 Dec. 3634 Dec. Sale 2734 634 41% 3334 134 Sale 5% Sale 29 3434 Dec. 29 634 Dec. 29 2334 Dec. 29 2 105 10334 10334 Dec. 27 Dec. 28 Sale 3234 8 7 Dec. 28 834 Sale 4134 Dec. 29 4834 Sale 3234 Dec. 29 40 9034 89 Dec. 15 90 Sale 134 34 Dec. 29 434 234 Dec. 28 334 Sale 1 Dec. 23 134 Sale 534 334 Dec. 29 5 334 234 Dec. 28 Ded. 28 1134 10 1234 Sale 134 % Dec. 28 Sale 134 Dec. 28\ 234 Sale 34 Dec. 29 234 6 Sale 234 Dec. 23 Sale 1234 8V8 Dec. 23 29 2834 Dec. 14 3134 Sale 134 34 Dec. 28 Sale 2 Dec. 23 334 Sale 134 Dec. 29 234 Sale 934 934 Dec. 16 13 1234 Dec. 17 1334 Sale 534 334 Dec. 29 Sale Sale 1 2 Sale U% Highest Sale Prices 11 92 % 1% 3% 1% 5% 2% Lowest Sale Price 47 H Sale 3% ...100 10 C C C Ac St Louis Ry Co 38 90 Highest Sale Prices 234 934 12.. 334 10% Sale Sale • 340 City Investing Co.. 8 43 5 10 190,100 City Stores................5 » 143,200 Clark Baulpment Sale 41% Lowest Sale Prices / Ask 34 Chicago Yellow Cab Cblckasha Cotton Oil.. Dec. 31 Ask Bid Sale ...100 100 Childs Co Bid 7134 Sale 5% preferred...........100 {Chicago 8c North West.. 100 : 25 3,020 Chile Copper ,-B 4,628,800 Chrysler Corporation 145,700 City Ice Ac Fuel..........—* 16,950 634% preferred......—100 v Bid .......100 3,020 {Chic Indlanap 8c Louis ptlOO 76.800 244,800 626,400 556,500 118,200 276,100 21,700 219,800 152,400 129,500 33,400 , 82,800 J 270,600 Dec. 1 1937 Shares )a Jan. 2 3034 Dec. 29 10 Dec. Dec. _ Dec. 24 Dec. 7 Dec. 1 Dec. 10 Dec. 4 Dec. 31 Dec. 3 Dec. 8 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 22 Dec. 24 834 Oct. 19 2534 Apr. 57 % Dec. 28 108% Apr. 21 Oct. 19 8134 Mar. 80 Nov. 26 135 , Mar. 3 Jan. 34 Dec. 30 3 Oct. 19 1734 Jan. 12 11 4 Oct. 18 2034 Feb. 11 3934 Dec. 29 10934 Jan. 6 2 Oct. 19 834 Oct. 19 5434 Dec. 20 24 1834 Nov. 23 Dec. 30 Dec. 8 3 10 4 9 1434 Jan. 12 Dec. 22 127 Jan. 11 Dec. 29 43 Mar. 1 22 6 18 15 254 Oct. 70 20 9 9 2834 Jan. 2834 Nov. 23 IOO34 Feb.. 3 Dec. 21 8 5634 Jan. 4734 Jan. 28 9 3 24 Dec. 29 6 Nov. 20 Oct. 19 1234 Oct. 9634 Oct. 21 19 Nov. 23 Nov. 20 8 Oct. 19 Mar. 4 23 34 Mar. 6 86 Jan. 14 62 Feb. 27 27 Oct. 29 Jan, 16 Feb. 5 109 Jan. 5 27 Nor. 1 W 29 Mar. Jan. 5 5 34 n. y. stock ' sales aggregate In i 12 Months December i 4,400 136,200 7,600 1,244,840 42,000 70 60 2,400 9,500 2,400 11,800 32,000 2,200 300 630 10,100 83,250 * 11,400 400 800 Lack k Hudson..... 100 43 Sale 17 % Sale SO Western.. .600 630 170 8 Sale Dec. 3 Detroit At Mackinac Ry Co 100 12 21 147 Sale Dec. 7 5% non cum pref.......100 Reynolds A—.— Diamond Match.... • Participating 31 % 39 % Pref..25 4% ' Dec. Dec. Dec. Dec. Dec. Diamond T Motor Car Co...2 Distil Corp-Seaftrams Ltd.. 5% pref with warrants. 100 • 49 % 11 Electric Boat „ 620 18,800 3,200 4,000 100 16,400 23,500 17,400 3,600 9,900 22,400 3,700 1,990 1,420 17,500 ~~8",700 6,200 170 500 10,500 2,200 6,500 10,000 3,900 19,300 American 11 % 175)1 159 .......2 900 15,935 57,700 2,700 1,000 6,500 7,000 2,590 33,800 229,300 98,800 5,480 322,500 4,550 92,100 1,880 356,200 3,280 4,580 150 230 200 570 1,280 ' v 5,900 29,200 5,100 770 220 16,200 19,500 100 24,800 22,200 30 5,900 23,400 5,900 1,900 6,300 40 4,200 220 659,300 6,100 3,500 10,200 10,600 420 8,300 25,800 35,166 4,200 36,500 8,020 15,100 2,800 80 21,500 40,300 4,100 First National Stores.......* 5 Sale 160)4 Sale 156 Sale 15)4 Sale 3)4 Sale 16 Sale 8% Sale 6% Sale Sale 153 Sale Sale 161 102% Sale „ 141,420 221,200 19,920 18,850 2,570 246,200 203,300 8,200 175,100 319,900 1,570 277,400 321,600 94,000 18,300 67,600 1,580 3,466,500 * 90 82 43 1 5 26 56 112 77 81 9 14 26 21 Sale Sale Sale Sale Sale 84 Sale Sale Sale 27 59 x 113 Sale Sale 84 89 Sale Sale Sale 24 4% Sale 13)4 Sale 46 )4 <)Sale 43 Sale 24 34 25)4 2$ Sale** Sale 19 40% 34% Sale 100 7 Sale 46 ilH 47 2 Sale 8 Sale 10 8 Sale 5 Sale 3 23 Sale a Sale Sale 69 200 60 Sale Sale Sale Sale 25% Sale r)4 Sale 2 2 2% 17% 18% 16)4 33% 40)4 33)4 100 02)4 104 3% 4% Sale 36 33 41 \H Sale 60 41)2 69 29 21 50 Gabriel Co (The) Class A...* Galr Co Inc (Robt) 1 $3 preferred .........10 Gamewell Co (The) _.....* Gannett Co Inc cons $6 pf..* 3 Gar Wood Industries Inc Gen American Inseotors... $6 preferred.. ........* Gen Amer Transp Corp.....5 General Baking Co.......-.5 $8 1st preferred,.........* General Bronze.... 5 General Cable ....* Class A • - Preferred 7% ..........100 General Cigar Inc..........* Preferred (7) .....100 General Electric..... ...* 41 5 Sale Dec. Dec. 8% Dec. 72% Dec. Dec. 60 120 50 Jan. 68 Dec. 11 Dec. 2 14 11 Jan. Jan. 18 4 Mar. 11 Dec. 1 Feb. 2 19 Dec. 4 Feb. 25 Dec. 14 Mar. Mar. 27% Dec. Dec. 20 26% 20 Dec. Jan. 4 9 18 Dec. 29 Feb. 19 Mar. 11 Feb. 9 Dec. Mar. Dec. 29 Dec. Sale Sale 26% Dec. Dec. 143 Sale 22 Dec. Dec. 24 15 Dec. Dec. Dec. Dec. 22 Dec. 4 Dec. 3 Mar. 2 28 85 Dec. 24 Sept. 76 Sale 66 46 Sale 40 21 y Sale 95 Sale 80 4)4 Sale 44)4 50 22% Sale 104)4 110 25 Sale Dec. Dec. 14% Dec. 29 Dec. 20)4 Dec. _ 3 2 Feb. Apr. 8 Feb. 8 Jan. Jan. Dec. Dec. 3% Dec. Dec. 8 Dec. Dec. Dec. 'Dec. 3 Jan. 8 Jan. 6 Mar. 25 20)4 Dec. Dec. 21 % Dec. 104 9 13 Dec. 6 Jan. 4 Dec. 1 Jan. 8 Sale Sale 1% Dec. Dec. Dec. Dec. Dec. 1 2 3 Sale Sale 13 90 90 Sale 90 6)4 Sale 6% 6 Sale 100 Sale 92)4 Sale *38)4 Sale 7)4 Sale Dec. 11% Dec. 4% 5% 92%' *37)4 6 34 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 10 Oct. 88 19 Oct. 19 Nov. 5 31% Nov. 22 5 Oct. 19 8 1 Dec. 22 4 Dec. 1 Sale 75 Sale 75 Dec. Dec. 7 6 3 120 Sale 106 Dec. 9 x99 42)4 Sale Sale Dec. 21 Dec. 6 34 Sale Sale 120 22 40 53 105 Sale Dec. Dec. 28% Dec. 1 Dec. Dec. 1 33 Dec. Dec. Dec. Dec. 10 Dec. 4 Sale 50 Dec. Dec. 50 119 *118 Sale 28)4 Dec. 112% Dec. Sale 30 i 28 Sale 4)4 Dec. Sale 103 ; Sale Sale i Dec. 8)4 Dec. 599 Dec. 134 Dec. 18% Dec. a9^ 1)4 "Dec." Sale ; Sale 15 Sale 23 Sale Sale 21 11 Sale 16 Dec. Dec. Dec. Dec. Dec. 105 95 Dec. i ' i . ; Sale s?le Sale Sale 60 9)4 Dec. 8%. Dec. 56% Dec. <v Dec. Dec. Dec. 8 Dec. 9 Dec. 10 Dec. 3 Dec. 1 Dec. Dec. Dec. Dec. "s 33 48 117 19 23 18 Opt. 13 8 19 19 Dec. 16 Dec. 30 Dec. 6 6 3 1 Mar. 20 Jan. 19 Jan. 13 19 Oct. Oct. 16 95 8 8 56 4 Mar. 31 Jan. 23 Jan. 13 Jan. 21 9 18 29 Jan. 18 Feb. 1 Feb. 11 Feb. 2 Jan. 9 Feb. 1 25 19 19 8% Oct. 19 Dec. 16 x99 1% Dec. 27 1 17 Oct. 19 8 Nov. 8 85 Oct. 19 1 14 Oct. 19 8 8 4 Mar. Jan. Oct. Dec. Mar. Jan. 21 % Oct. 3% Oct. Dec. 17 14 Feb. 4 Feb. 11 Feb. 19 16 19 May 1 28% Dec. 29 111 16 Jan. 16 Oct. Nov. Oct. Nov. Oct. Dec. 21 Dec. Dec. Dec. Feb. Oct. Dec. 3 19 Jan. 28 Feb. 1 Mar. 9 Jan. 5 13 153 2% Oct. 19 14 6% Oct. 19 32% 14% Oct. 19 65 Oct. 25 126% 66 Dec. 29 22 52% 117 3 25% Jan. 9!h Dec. Sale 19 Oct. Dec. 81 24 110 July Nov. 23 9 1934 Dec. 23 June 21 2 Dec. 9% Dec. Dec. 28 11 9 22 Mar. 3 6 Dec. Sale Oct. 18 Dec. 28 3 Dec. 121% 118 Sale 334 Dec. 125 4)4 Sale 12 K Sale 119 10 60 _ 9 3 14 12 8% Dec. 35 Sale 95 12 1 Feb. Feb. Sale 15 30 iH For footnotes zee page 40. 75 15 Jan. 3334 Dec. 3 1234 Dec. 21 28 Jan. Jan. 15 1594 Sale Jan. 8 89 85)4.86)4 8 3 ........ 113,400 General Tire At Rubber Co..5 799,500 Gillette Safety Razor ......* 24.800,' $9 cony preferred.........* 1 8 12 8 27 100 Dec. Dec. 21 Mar. 3 Jan. 21 Jan. 28 Dec. , 6% preferred... Jan. l. Dec. Sale .... 120 Mar. 17 ur. 3 3 3 19 31 428,450 General Foods 1)4 Sale 793,600 General Gas At Electric cl A.* 59 Sale 55 33 $6 cons preferred A......* 2,110 61 62h 53 53% • 73,000 General Mills.... 119 118)4 123 6% preferred .....100 118 6,690 Sale 62 35)4 Sale 6,962,200 General Motors Corp......10 Sale Sale 120 115 Preferred (5)... 70,200 Sale Sale 57 28 33,100 Gen Outdoor Adsertislng. A* 5% Sale Common 14)4 Sale 184,600 10% General Printing Ink 10% 1 80,400 104)4 Sale 107)4 108 $4 preferred............. 1,540 Sale 4 % Sale 174,800 General Public Serslce.... Sale 57 Sale 145,800 General Ry Signal 100 118 % 620 6% preferred 100 115 Sale 4 % Sale Gen Realty Ac Utilities Corp.l 963,000 44 Sale 18% Sale $6 preferred............. 70,200 Sale 70 Sale 25 General Refractories.. ..* 184.700 87 Sale 22% Sale 36,320 Gen Steel Castings $6 pref..* Sale 30 13% Sale 205,200 Gen Theatres Equip Corp...* Sale 39 41)4 28,400 Gen Time Instrum Corp... „ 3 Dec. 105 Sale 15 Mar. 17 w. If up. 17 Mar. 1' 1)4 Dec. 66 Sale 150 % 154 Sale 55 Sale 39 Sale 2 Jan. 8 8 31)4 Dec. 2 8 16 19 18 18 Feb. 11 Jan. 19 Jan. 16 Jan. 30 Feb. 19 Feb. 10 14% Dec. 68K Sale 123)4 21 17! 783 Sale Sale Sale* Sale* 19 Sale Sale 104 73 17 % Sale 150 145 Sale 12 Sale 28 Sale 60 Jan. Jan. Jan. 6 14 7 Apr. 2% Dec. 3 Dec. 5 26)4 Dec. Dec. Dec. Dec. 26 21 102 16 12 Jan. 9 4 234 Dec. 834 Dec. 13)4 Dec. 10 Dec. 4%. Dec. 11% Dec. 1% Dec. Feb. 23 23 69)4 Sale 112 Sale 41% 3 3 Dec. Mar. 17 31% Sale 125 27 110 70 16 16 4534 Feb. 11 90 Sale "76"" "83" 19 3 Dec. 4 Feb. Jan. Jan. Jan. Dec. Dec. Aug. 16 Nov. 37% Feb. 11 3 7 3 5 Mar. 29 29 29 1 8 27% Dec. % Dec. Dec. Dec. 19 18 19 18)4 Dec. 44)4 Freeport Sulphur Co 19 17 Nov. 24 198 2 164 Apr. 15% Dec. 2% Dec. 1434 Dec. 3% Oct. Dec. Dec. 8 Sale 4%% conv pref........100 Footer-Wheeler. .......10 123 150 14% Dec. 48 Dec. 45 Dec. Dec. Dec. 28 Mar. Nov. 18 21 112 27 11534 Jan. 22 2% Oct. 144 Dec. Dec. Dec. 6)4 Dec. 1% 1)4 7)4 20% ?Sj Nov. 20 122 Jan. Nov. 24 180% Jan. Oct. 20 135% Feb. [07% Oct. 109)4 Oct. Dec. 8 Dec. 18 4 % Dec. 1)4 Dec. 5% Dec. 8)4 Dec. 6)4 Dec. 3 2 9 Sale 90 Sale Sale Sale 17)4 Sale Sale 26 Sale 90)4 2 17 20 Sale 5 52 4)4 44 50 42 [30 Dec. Sale Sale Sale 48 1 1 19 19 105 8% Sale Sale Q Sale Sale Sale 105 43 % Sale 98 7 Dec. Dec. 6)4 Sale 10 Sale 7 Sale 3)4 Sale 7)4 Sale 1% a IK 1)4 Sale 9 Sale 27 Sale 110 106 Dec. 20 2% Dec. 47 45 10 Sale 35 Sale 50 preferred........* 2 *52 49)4 Sale 48 % Francisco Sugar Co....... Franklin Simon pref......100 Dec. 14 1934 Dec. 3 35% Dec. 10 03 Dec. 3 7% Dec. 3 5034 Dec. 7 5334 Dec. 21 50 44 215 Sale 25k Sale 103 97 79 73 33% 3 14 Dec. Sale 11)4 Sale 1Y\ 12)4 Sale Sale 39)| 34)| 105)2 2 Dec. 20 6)4 Dec. 8 4% Dec. 29 *148)4 Dec. 2 167% Dec. 21 Dec. 2 153 Dec. 31 *158 Dec. 1 15% Dec, 29 20 4% Dec. 1 2% Dec. 29 3 14% Dec. 29 20% Dec. 8% Dec. 24 6)4 Dec. 2 3% 53 65 52 13. 12 28 107 Dec. 27 Dec. ?Foliansbee Bros ....... Food Machinery Corp.....10 7% cons Feb. % Jan. 25 46% Feb, 17 77]- Jan. 25 79% Nov. 26 143 % July 1 21 Dec. 24 55 Jan. 16 8% Dec. 28 39% Jan. 7 1 % Jan. % Oct. 25 5 % Oct. 19 3% Feb. 19 1% Oct. 19 8% Jan. 16 10 Oct. 19 17% Jan. 19 Dec. 29 Dec. Dec. 28 114 Sale Sale o5* 24 Dec. 17 Dec. 3 Dec. 1 Dec. Sale 31 17)4 21 2%. 2)4 30%. 32 85)4 Sale 18 k Sale 10 6% cons pref ......100 Fuller Co prior pref. .......* $6 2d preferred .......* 13,470 16,100 412,900 31,900 30,300 % preferred series A...100 529,900 FUntkote Co (The).........* ......* 25,200 Florence Stose Co 7,400 Florshelm Shoe (The) cl A..* 3,300 120 shares........ 2 Dec. 29 12)1 5 170 Filene's (Wm) Sons Co..... Firestone Tire At Rubber—10 335,600 25,100 121,735 25 41 Dec. Dec. Sale 4 10 Mar. 17 Mar. 9 15 19 Oct. Dec. Sale 19 19 5 Dec. 29 ft 19 13 17 3 Oct. Oct. 26% Oct. Dec. 29 Sale 8 18 7 16% Oct. 15 27 Dec. 24 Dec. 29 17 Mar. 29 96 35 2 2 Dec. 28 Mar. 58 24 60% Oct. 20 8 Dec. 3 Dec. 28 Dec. 22 Dec. 24 Sale Sale 1) Sale 12k Sale 39)4 Sale ...... 10 Oct. Dec. Dec. 34 529, Elec Power Ac Light ... 3,132, $7 preferred..............* 182,700 $6 preferred..............* 86,400 * 97,400 Elec Storage Battery— 96,800 tElk Horn Coal Corp.......* 6% preferred .....SO 161,600 3 279,100 El Paso Natural Gas Co SO 19,700 Endlcott-Johnson 5% preferred...........100 3,020 1 78,000 Engineers Pub Service $5 cons preferred ........* 14,700 *5.50 preferred w w—.—* 12,600 $6 cum preferred * 2,300 * 161,600 Equitable Office Bldg .... .......100 528,300 Erie Railroad 4% 1st preferred.......100 233,500 4% 2d preferred........100 84,900 95,400 Eureka Vacuum Clean......5 263,700 Esans Products Co-........S 90,000 Exchange Buffet Corp......* 25 67,640 Fairbanks Co 8% preferred.. .....100 33,560 171,300 Fairbanks Morse At Co....--* 6% preferred —.100 2,000 136,500 Faiardo Sug Co Porto Rico.20 123,000 Federal Light At Traction..15 $6 preferred —* 2,280 16,100 Federal Mining At Smelt—100 Preferred .100 7,820 324,500 Federal Motor Truck. ......* Federal Screw Works.......* 180,700 240,900 Federal Water Service A....* 73,300 Federated Departm't Stores.* 4H% preferred ...100 27,800 138,800 Fidelity Phenlx Fire Ins. 2.50 16,900 Dec, 21 Dec. 2 15 Dec. Sale 11% 70% Sale Douglas Aircraft Co Inc....* Dow Chemical Co —* (The) 14 / Highest Highest . 10 _ Dec. Co.....* ........ Stores Ltd...... Ettlngon Schild Electric Auto Lite Dec. Dec. 29 Dec. 1 Elec Ac Musical Ind— 23,400 191,100 13,000 5,800 9,800 2,500 1,900 14,100 2,900 1937 1034 Feb. Dec. 3 146% Jan. Oct. 19 22 May Oct. 15 30 May Dec. 29 76% Feb. Oct. 19 36)4 Feb. Oct. 15 40% Feb. Apr. 5% Dec. 29 23 Dec. 29 Class A Dominion 28 31 28 Dec. Dixie-Vortex Co Doehler Die Casting Dome Mines Ltd 29 3 Dec. 29 33% 40 Lowest Sale Prices 13 Oct. 19 Oct. 19 Oct. 19 Prices Dec. 8 Dec. 8 Dec. 10 Dec. 22 Dec. 15 Dec* 3 Dec. Dec. Dec. Dec. Dec. 25 Sale 61 Desoe Ac 383,100 629,710 964,300 ^ 29 144 Eastern Rolling Mills. 5 161,400 Eastman Kodak Co. of N. J 6% preferred...........100 3,720 —4 197,000 Eaton Mfg. Co...... 16,600 29 .100 Detroit Edison 300,000 10,300 16,000 Dec. 29 Dec. tDenser RIoGrfc Wes pref 106 ..... 70,300 6,300 3,800 3 Dec. ?B 5,800 uu 13,900 00 60,100 82,700 Del 50h 11,600 Dresser (8 R) Mfg cons cl A..* 36 Class B • 45,400 1 20,700 tDulutb South Sh At Ati.100 34,900 6% preferred ...100 68,300 Dunhill International......1 16 15,800 Duplan 811k....... 990 8% preferred 100 118 556,400 Du Pont de Nem Ac Co (EI) .20 173% 25,800 6% non-voting deben.-lOO 134 $4.50 preferred —* 8,500 5,750 DuquesneLlght 5% 1st pf. 100 112% 400 .. Ac DcIbwin Prices Ask Bid Highest Lowest Dec. 31 Dec. 1 1937 Par 550,800 890,100 75,100 43,800 5,180 1,350 20,300 98,300 24,900 59,100 509,700 26,700 29,700 4,520 89,050 444,550 45,100 YEAR Price Jan. 2 Sharer 38,100 50,000 3,800 5,200 RANGE FOR PRICES IN DECEMBER stocks n. y. stock exohan oe 1937 Shares exchange—stocks 33% 4334 Nov. 29 Oct. 19 Oct. 19 Oct. 19 95 24 2034 88% Feb. 4 Jan. 22 Jan. 20 Jan. 7 Feb. 4 Jan. 6 Jan. 25 Feb. 11 Nov. 29 Aug. 30 Feb. 1 Feb. 23 Jan., 1938] SALES AGGREGATE In December 12 Months 102.600 14.600 10.200 30 1,198,800 5.200 9,144 270 82,600 15,200 5,900 3,400 16,100 6,300 7,400 21,000 116,700 9,100 20 18,200 68,400 10,400 4,500 130 1,500 5,700 Par 21 45 *Vi% con* preferred.*...50 Rights Goodrich (B F)..— ——» .... 134,200 2,900 360 213,900 1,189,600 61,300 130,700 4,500 38,800 37,800 1,400 Sale 86H 8834 Sale Sale 56 ................. Gobel (Adolf).... .........1 Goebel B rewind Co.......—1 64,440 V preferred..............* * 2,645,600 Goodyear T St R 139,000 S5 preferred 140,144 Gotham 811k Hosiery......* 2,900 Preferred ..............10o 1,888,200 Graham-PalSe Motors......! Granby Consol Mining 508,100 Smelting ft Power Ltd....5 182,500 Grand Union Go trust crfs..l 96,300 S3 con? preferred series...* 123,000 Granite City 8teel • 108,700 Grant (W T> 10 7,400 5% preferred............20 548,000 Great Northern Ir ore prot * 1,480,600 Ask Bid Glldden Co (The)..........* ....... . Jan. 2 1937 GlmbeV Brothers.... ...» $6 preferred..............* 540 Gold ft Stock Teleft Go...100 58.800 4.140 109,300 Great Northern pref.....l0* Great Wert Sug......... ..* Preferred .......1 Green Bay At Western Green (H L) Co.. ""65? Sale" 63? 1 Greyhound Corp (The).....* 5H% preferred-.......-.10 ... Guantanamo 8ugar * Sale 813? Sale 28 H Sale 1013? Sale 1134 Sale 6% preferred 640 6% preferred...........100 4,800 65,300 2,530 279,200 27,800 632,200 7,700 1,040 112,500 Hat Corp class A._.*.*.....l 17,600 3,190 20,100 19,000 3,800 119,100 9,380 177,700 168,300 150 10,700 14,800 250 1,900 2,700 1,100 12,900 370 634% preferred w w 100 Hayes Body Corp...........2 Hazel~Atlas Go........^...25 Hecker Prod Gorp 11 c.....* Helme (G W)_._ 25 7% preferred Hercules ...... 100 Motors.....*.....* 6% preferred...........100 51*, 600 2,800 29,300 85 434 Sale 60 Sale 52 134 Sale 34 1434 Sale ""354 ""334 5134 1234 Sale 51 12834 130 1634 10?4 10834 107 131 45 10034 10134 1334 Sale 93 7 125 91 167 131 "4934 Sale" preferred.........* 16 25 Sale 31 25 34 534 Sale 18 1934 Sale 97 100 Sale 95 92 21 2 A* Sale Sale Sale 145 Sale 129"" I"" 12734 Sale 108 434 Sale 15 88 6 86 136 97 Sale Sale 128 42 Sale 8334 85 1634 18 2234 Sale 103 104 1034 Sale 2134 Sale Sale 9234 Sale 93 Sale 13 34 Sale 1634 Sale 58 6534 11234 A* 25 12134 12734 121 634 7 534 Sale r54 Sale 6034 71 164 63 A* 18 Sale 634 Sale 110 3434 Sale 6434 1634 Sale 934 Sale 8 Sale 33 21 95 92 24 634 Dec. Dec. 1934 Dec. 4634 Dec. MzsDec. lTTDec. 234 Dec. 28334 Dec. 1234 Dec. 60 29 31 29 11 8 29 29 30 29 Dec. 28 334 Dec. 29 56 Dec. 15 134 Dec. 13 934 Dec. 3 5334 Dec. 20 29 Dec. 50 Dec. 22 1 % Dec. 2 334 Dec. 8534 Dec. 1834 Dec. 5634 Dec. 23 87 . Dec. Dec. 434 Dec. 5834 Dec, 2 Dec. 434 Dec. 8 134 Dec. 1 1334 Dec. 16 13 22 Dec. 29 Dec. 3 1934 Dec. 27 1134 Dec, 27 17 28 2034 Dec. 29 2234 Dec. 10 1534 Dec. 11 2734 Dec. 3 129 Dec. 28 30 Dec. 8 130 16 Dec. 3 Dec, 11 Dec. Dec. 19 16 34? Sale 1834 Sale 100 - 9 9 8 20 834 Sale Dec, 29 834 Dec. 29 754 Dec. 29 134 Dec. 4 1634 Dec. 2 434 Dec. 29 1334 Dec. 29 Dec. 21 1134 Dec. 3 934 Dec. 16 134 Dec. 7 24 Dec. 22 634 Dec. 1 2334 Dec. Sale Sale 1134 Sale 8 18 % Oct. 2 3 Oct. 19 134 Oct. 19 25 Sale 9 19 Jan. 12 534 Jan. 22 1 15 19 273? Feb. Dec. 29 Dec. 3 10 13 22 483? Feb. Oct. 8 473? 223? Jan. 5 Dec. 10 2034 Dec. 29 283? 563? Mar. 8 May 20 2334 Oct. 4234 Jan. 1934 Dec. 27 10 Oct. Dec. 129 19 19 8 1453? Mar. 2 2 2334 Dec. 28 25 32 Dec. 13 534 Dec. 28 33 1734 Dec. 29 7 21 97 92 21 121 5 Dec. Dec. Dec. Dec. Dec. 3 100 10 95 20 24 23 127 7 28 5534 Dec. 30 13? Dec. 29 9234 Dec. > 2 534 Dec. 29 6034 234 9834 7 86 Dec. 28 92 13134 Dec. 14 136 1234 Dec. 29 1834 Dec* Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 6434 Mar. 10 153? 393? 165? Mar. 10 Feb. . 8 Jan. Oct. 19 734 Oct. 19 73i Dec. 29 54 Oct. 19 Oct. 15 59 19 1734 Mar. 6934 Mar. 5 6 3434 Feb. 8 Jan. 7 12 334 Oct. 12 2 2334 Dec. 28 263? Apr. 17 1 3 1 16 9 1 14 17 23 7 8 Oct. 19 434 Oct. 19 1734 Dec. 29 95 92 18 121 5 81 Feb. 10 Nov. 86 129 11 Oct. Dec. 6 Dec. 27 130 Dec. 9 Dec. 14 Dec, 29 46 Dec, 16 Dec. 31 87 Dec. 4 1634 Dec. 29 18 18 Dec. 29 25 Dec. 9 95 Dec. 27 10334 Dec. 2 734 Dec. 29 1034 Dec. 1 1834 Dec. 20 2134 Dec. 1 50 Nov. 24 554 Dec. Dec. 3 Dec. 29 Dec. Nov. Dec. 8 734 Dec. 29 1134 Dec. 1 4834 Dec. 29 7834 Dec. 29 5234 Dec. 1 83 4 64 Deo. 11 14 13 25 9 0 11 6 2 May 22 13534 Feb. 3934 Dec. 29 6734 Jan. 21 125 83 Nov. 26 111 1634 Ded. 29 1534 Oct. 19 93 734 Dec, 29 1534 Oct. 19 21 6 37^ Jan. Oct. 4 3034 Mar. 6 4 9 433? 7 Jan. 19 11434 Mar. 19 Dec. 29 Oct. 19 19 June 5234 Feb. Nov. 19 12034 Jan. 5334 Dec. 27 £3934 Oct. 27 Mar. 6 Feb* 26 Jan. 8 Jan. 23 11734 Aug. 29 155? Jan. 28 126 Feb. Jan. 24 166 19 3934 Feb. 4 49 21 2034 Feb. 10 106j? 31 64 36 8 Feb. 10 Feb, 18 Jan. 22 1 1 Dec. 27 1134 Mar. 18 434 Jan. U 31 Nov. 29 108 Oct. 26 105 Oct. 19 5834 Dec. 23 140 Oct. 19 1734 5534 Dec. 30 134 Oct. 19 109 5234 Sale 21 5834 Jan. Oct. 25 Dec. 8 134 Oct. 8 101 100 51 25 43 2934 Mar. 5134 Jan. 28 5034 Sept. 14 Sale 5034 129 125 5034 3934 8434 8434, Sale 52 125 41 903? Mar. 9 654 Feb. 25 1 2 Oct. 19 834 Feb. 19 29 £8334 Dec. 30 115 Feb. 17 3 1234 Dec. 29 5034 Mar. 11 46, Dec. 28 873? Mar. if 8 8 1634 Oct. 19 473? Mar. 11 3 Mar. 11 7234 Dec. 29 141 6 334 Dec. 29 1334 Jan. 18 10 55 Oct. 19 96 Jan. 5 3 434 Feb. 9 154 Oct. 19 334 Dec. 28 134 Dec. 15 1134 Dec. 29 25 6 H Dec. 29 4934 Oct. 19 1934 Dec. 29 1 234 Dec. 40 134 Sale 1634 21 634 Sale 22 Sale Sale 6 125 6434 1834 Sale 1034 Sale 834 Sale 2434 Highest Sale Prices 1634 Dec. 28 7234 Dec, 29 2134 Sale 2534 27 Sale 145 6234 Sale 42 Lowest Sale Prices 1734 Sale r7334 Sale 334 Sale 55 58 134 Sale I234 4234 Sale Highest Sale Prices 46 2634 Sale 2734 Sale "26 " Sale" 12034 12134 Hollander (A) Ac Son.... 5 2334 Sale 4234 Sale Holly Sugar Corp..........* 720 7% preferred........... 100 11334 -—231,800 Homestake Mining..... 12.50 21,500 HoudaHle-Hershey cl A ....* "4134 "42"" 383,300 Glass B 2434 Sale 9,200 11,800 92 1334 Sale 2134 Sale 80 Lowest 4634 Sale Sale Hlnde ft Dauch Paper Co..10 Holland Furnace ...* cony 92 1834 Sale 5434 55 20 Hershey Chocolate.........* 84 cony preferred.........* $9 234 Sale 21 Hercules Powder new......* 220 10,500 1,200 38,000 1,500 ""234 Sale" Sale 1334 Sale 2134 23 4334 Sale 4734 Sale 3534 3734 14 * 234 ^254 334 Sale Sale Sale 134 Sale Sale Sale 2834 Sale 6% preferred........... 100 10534 106 Hanna (M A) Go $5 pref • 10234 Sale Harbison Walker Refrac- 50 2034 Sale 48 5134 334 134 1234 1334 2434 33 3434 1334 Printing.............10 Hamilton Watch. * 634 Sale 57 29 Sale 44 34 47 Sale 434 Sale 134 Sale 1234 1334 1534 Sale 2134 2334 25 120 120 140 . ........25 Hall 934 Sale 49 Ask 6% Sale 43? Sale 5134 19,700 Hackensack Water...... Ask Bid 58 100 Gulf Mobile * Northern..!0« Preferred A YEAR 1937 » Sals Prices Dec. 31 Dec A Bid 9634 334 Sale 93 56 13 63 8% preferred...........100 >'r* -117 3234 Sale ..ISO RR.100 9,500 4,280 212,500 47,600 3,300 4,840 144,800 120 12,100 1,800 RANGE FOR Price Share* 752,300 29,500 276,900 22,900 372,700 386,100 346,400 35 PRICES IN DECEMBER STOCKS N. Y. STOCK EXCHANGE 1937 Share* 38.900 2.500 22.600 700 \ X. Y. STOCK EXCHANGE—STOCKS , 8 5334 Dec. 27 41 Jan. 5 2734 Feb. 11 Household Finance— 2,200 1,400 52,000 24,300 4,800 1,100 47,900 38.300 34,900 12,200 1,635,900 63,000 7,600 983,300 34,900 7,480 17,190 143,000 466,600 48,100 1,380 236.250 1,524,800 103,900 174,600 59,500 3,660 258,500 2,001,000 732,600 127,600 57,730 748,900 22,500 1,428,300 367,100 456,600 870 1,660 3,100 27,800 7,100 90 24,950 76.400 4,900 13,700 8,700 250 5,000 67,400 15,800 4,300 2,230 72,000 600 41,600 19,100 13,700 'Common stock...........* ........100 5% preferred Houston Oil of Texas y t c.25 6834 Sale 81 "l3"" Sale" 382,300 Howe Sound Co..*.....—6 94,900 Hudson Ac Manhattan.... 100 25,100 5% preferred...........100 6434 Sale 886,300 Hudson Motor Car ......* 393,200 Hupp Motor Car Corp......l 1834 Sale Illinois Central..........100 11 j| 12$ 4734 4934 7834 85 634 Sale 5234 Sale 85 734 Sale 47 Sale m 8 42 134 534 634 Sale 134 Sale 434 Sale 134 Sale 2334 Sale 934 Sale 1734 Sale 1134 Sale 0% pref series A....... 100 4634 47 1834 Sale Leased line 4%...... 100 RR see stock ctfs ser A1000 68 71 40 7 Indian Refining.... ....10 Industrial Rayon Corp.....* Ingersoll-Rand............_* 6% preferred ...........100 Inland Steel......... Inspiration Cons Copper Insuranshares Ctfs Inc * 20 1 tlnterboro Rap Tran.«...100 d Interchemlcal Corp.......* 0% preferred. 100 Intercontinental Rubber...* Interlake Iron.*...........* Internet Agricultural......* Prior preferred......*..100 1534 Sale 1334 1334 3734 Sale 134 135 117 136 - Sale 2334 Sale 534 534 1134 Sale 4734 11034 45 5 Sale 934 Sale 634; 634 1734 Sale 76 135 Sale 138 Sale 334 4 334 Sale 2234 Sale 4 434 434 2534 26 99 Sale 434 Sale Sale 160 1634 Sale 6934 Sale 3 157 . 38 Sale 534 6 634 7 6634 Sale 1234 Sale Sale Sale 191 5 43 186 Internet Mercan Marine....* Int Mining Corp...........1 Sale Sale Sale 10534 Sale 7% preferred........ 100 Internet Hydro-Elec Sys A. 25 8 Sale 10 Internet • Sale Sale 1734 Sale Int Business Machines.....* Harvester...... 734 20 74 132 Sale 134 §* 2334 130 6334 13534 734 434 9 26 Sale Sale 141 Sale Sale Sale 10 Sale 100 334 Sale 9 Sale 234 Sale 1934 Sale 13334 140 62 Sale 14234 143 634 Sale 4 Sale r754 Sale 6 39 Dec. 29 Dec. 28 134 Dec. 28 434 Dec. 29 6 Dec. 29 134 Dec. 30 Dec. 734 Dec. 3 5034 Dec. 8 2 Dec. 8 534 Dec. 10 8 Dec. 1 134 Dec. 2 834 Dec. 29 1234 Dec. 1634 Dec. 29 ,2034 Dec. 34 Dec. 28 43 Dec. 8 5 Dec. 29 Dec. 534 Dec. 28 734 Dec. 15 Dec. 29 2034 Dec. Dec. 7334 Dec. 2 86 132 Dec. 1 132 Dec. 64 Dec. 2 7634 Dec. 934 Dec. 29 1334 Dec. 4 Dec. s334 Dec. 15 234 Dec. 29 434 Dec, 2034 Dec. 14 2534 Dec. 92 Dec. 29 100 Dec. 334 Dec. 29 434 Dec. 834 Dec. 28 1034 Dec. 3 Dec. 234 Dec. 29 Dec. 1834 Dec. 28 26 130 Dec. 1 139 Dec. 6034 Dec. 2 7234 Dec. 140 Dec. 6 14634 Dec. 834 Dec. 534 Dec. 28 3 Dec. 28 434 Dec. 734 Dec. 28 934 Dec. 10 8 7 3 9 4 23 1 22 8 1 3 6 2 1 3 1 8 21 8 44 Oct. 19 7834 Dec. 29 434 Oct. 37 94 Jan. 11 Mar. 20 1734 Jan. 22 9034 Mar. 554 Jan. 1554 Jan. 2334 Feb. Oct. 19 134 Oct. 334 Oct. 19 19 4 19 Oct. 73 19 134 Dec. 30 10 21 21 17 434 Aug. 17 M v. 17 11 8 16 Oct. 19 38 Oct. 19 6734 M 34 6 Dec. 28 Dec. 29 534 Oct. 19 72 Jan. 20 2534 Mar. 11 223? Jan, 20 Dec. 29 4734 Apr. 20 Feb. 5 Nov. 24 144 Oct. 16 143 July 30 5834 Nov. 23 13134 Mar. 0 634 Oct. 19 333? Feb. 23 6 Jan. 18 354 Oct. 19 134 Oct. 19 1334 Jan. 20 20 Oct. 19 6434 Apr. 20 92 Dec. 29 July 17 15 72 132 1113? 113? Mar. 16 ■93? Apr. 14 234 Oct. 19 6 2 Oct. Oct. 19 19 2834 Mar. 11 1834 Oct. 19 633? 1273? Nov. 22 189 Apr. 14 Jan. 4 5334-NOV.22 120 Aug. 5 16 138 Jan. 18 Nov. 30 162 8 3 Oct. 19 1654 Jan, 29 4 154 Oct. 19 153? Apr. 9 6 Oct. 19 1834 Jan. 7 6 * 287,500 2,827,700 Internet Nickel of Canada..* 200 6,900 Preferred.... 100 Internet Paper 9c Pow cl B.* Class C • ... 105",765 632",165 61,600 1,980 398.500 22,360 3,130 26,770 17,900 40,000 74,300 9,425 2,481,200 69,100 309,000 3.070 42,200 60,700 630 5% cony pref......*.*..100 Int Rys of Cent Amer......* Voting trust certificates..* 5% preferred...........100 24,700 278,100 4,610 27,145 52,100 880 190,900 39,900 38,400 47,700 1,190 Jewel Tea Inc..............* Tohns-Manvtlle ~Y,Uo 700 4,400 2,100 350 160,600 30.000 13,900 150 3,300 1,900 10 2,500 40.300 410 3,220 5,200 „ 130 7,200 3,300 2.200 3.900 100 10,800 13,000 10 * 137,200 New. . see International Salt*....*...* International Shoe.........* International Silver......106 7% preferred..........100 Internet Tel Ac Tel........ * Foreign share certlfs.....* Interstate Dept Stores......* Preferred ItC Intertype Corp............* ......... Island Creek Coal 84 preferred 1 1 Preferred ...100 tones Ac Laugh Steel pref. 100 Kalamaxoo Store Ac Furn ColO ... Kansas City Lt 1st pf Ser B * Kansas City Southern.... 100 4% preferred .....100 Kaufman Dept Stores..812.50 Kayser (J) Ac Co............5 Kelth-Albee Orpheum pf.109 Kelsey Hayes Wheel— Convertible class A.......1 page 40. 12 6 7$ 1034 Sale 4234 Sale 334 Sale Sale 5234 Sale 2634 28 4934 Sale 32 86 12 Sale 88 Sale "3234 Sale" 105 1934 Sale 20 2834 Sale 12034 84 87 Sale Sale 1% .8a!!. 2034 21 433j Sale 2934 24H 104 20 132 41 132 Dec. Dec. 2 4734 Dec. 22 7 132 Dec. 7 31 21 3334 1934 75 Sale 734 Sale 1234 Sale 75 10 2134 Sale 13 22 118 5334 Sale 7834 Sale 11634 122 1034 Dec. 9 4434 Dec. 334 Dec. 9 1 74 Sale 16 65 6 7 1934 1634 14 83 Sale 1934 1734 Sale Sale 17 70 Sale Sale Sale 34" "Dec." 20 6 Dec. 29 3134 Dec. 31 1634 Dec. 28 68 3? Deo. 28 534 Dec. 29 634 Dec. 29 834 Dec. 29 70 Dec. 28 6034 7634 Sale 49 124 70 16 r7 17 1534 13 7434 Sale Sale 18 ----- Sale 21 17 Sale 87 734 Sale 7 Dec. 28 434 Sale 80 Sale 4 80 Dec. 27 Dec. 31 91 21 Dec. 8 3334 Dec. 3 1934 Dec. 7 72 Dec. 2 754 Dec, 11 834 Dec. 16 1334 Dec. 3 7534 Dec. 2 Dec. 28 55 Dec. 2 89 Dec. 24 124 Dec. 17 75 1534 Dec. 28 18 118 Dec. 23 120 934 734 Dec. 28 18 Dec. 29 2034 1534 Dec. 29 18 13 Dec. 2 14 80 Dee. 1 83 Sale 6 "4034"Dec".""! 49 76 120 6534 834 Sale Nov. 23 Dec. 7 Dec. 21 Dec. 31 Dec. Dec, Dec. Dec. Dec. Dec. Dec. Dec. 934 Dec. 634 Dec. 80 4 3 9 3 3 9 1 1 7834 Mar. 10 Jan. 5 18 Apr. 6 934 Apr. 6 1353? 634 Dec. 29 193? Sept.22 293? Dec. 29 683? Sept. 22 234 Oct. 19 434 Sept. 25 34 Dec. 6 10 1934 Oct. 19 19 493? 19 52 19 110 19 1554 Oct. Oct. Oct. Oct. Oct. 23 Dec. 29 Dec. 28 Nov. 29 Fen. 16 834 Jan. 30 Feb. 16 283? Jan. 25 573? 30 16 65 4 634 834 70 75. Dec. 28 9 10 Dec. 9 9 9 1034 2034 Dec. 28 2334 Dec. 22 2134 24 2034 117 Dec. 27 117 Dec. 27 £116 115 117 9 7034 1734 Sale 12034 11834 9 Sale 2034 2134 3134 Sale 119 25 Sale 2234 34 21 72 7 110 17)4 Sale 10434 107 634 "Dec. 29 2934 Dec. 29 234 Dec. 13 7 37 12754 May 27 831 Sept. 13 43? Sept. 10 Sale 3134 Sale 334 Sale "4034 Sale" r38*" 116 15034 Bale 126 128 4434 Sale 126 Sale Sale ..................15 Cony class B..........*..i 143,400 3,490 Kendall Co 84 pt pf ser A...* For footnotes 4234 Sale 6334 Sale 132 13234 13534 126 83? Jan. Nov. 10 3634 Jan. 1073? Apr. Dec. 28 8734 Jan. Jan. 6534 Nov. 22 155 49 Mar. 18 126 6434 Nov. 24 136 1534 Dec. 28 46 11534 Apr. 8 121 6 Oct. 19 29 1434 Oct. 19 15 8 7 3 Dec. 31 80 4 8 6 2634 Jan. 30 Apr. 15 Oct. 19 30 Aug. 4 Sept. 23 127 120 13 80 4 Mar. 11 Feb. 19 Feb. 17 5 8 Jan. 2 Feb. 15 Jan. 6 Mar.'17 Mar. 17 4454 Jan. It Oct. 19 85 Mar. 5 Nov. 20 2734 Jan. 18 Jan. 14 Nov. 20 110 Oct. 19 2334 Feb. 11 Oct. 19 193? Jan. 14 Dec. 31 10934 Feb. 4 36 N. Y. STOCK EXCHANGE-STOCKS SALES AGGREGATE In December Par 2,702,500 265,300 51,400 107,200 29,700 11,100 296,200 17,400 3,100 5,000 Kenoecott Copper 2,450 35,800 2,100 1,700 26,500 - - - - • .... ... .... .. .... 400 6,400 8,700 20 27,500 34,500 9,900 28,600 6,300 4,800 28,700 10,800 3,200 3,800 19,100 1,400 1,100 25,400 3,900 9,700 88,700 1,600 22 25 39 Lane Bryant..—.........-. Lee Rubber Ac Tire..—.... 14*2 6% cony preferred...-...50 Lehman Corn (The)...—.. 1 Lehn Ac Fink Products Corp.5 Lerner Stores Corp.........* Libbey-Owens Ford Glass...* • 36,400 26,700 193,400 12,700 30,600 237,100 56,600 89,900 Life Savers Corp Liggett ..5 Ac Myers Tob com..25 200 14,800 MacAndrews Ac Forbes Co.-lO 530 6% preferred......—...—* 340,000 Mack Truck Inc.—.—...—.* 433.100 Macy (R H) Co. Ins * 66,000 Madison Square Garden.—.* 97,800 Magma Copper—..........10 42,600 tManatl Sugar .—.100 2,300 Certificates of deposit—100 18,870 7% preferred— .....100 j 40 1,060 21,600 •2,960 166,800 76,400 229,500 561,700 21,800 2,790 13,960 8,460 26,400 823.600 351,300 160,900 98,800 290 1,300 720 16,900 7,800 8,100 45,800 410 240 1,590 310 1,000 61,400 106,800 7,800 14,500 "18*4 Sale' 58*2 60 Sale 9*4 Sale 26*4 27*i 107 108*1 70 Sale 172 22 Salt 54*4 Sale 66 Sale L06J4 107 2*4 2*4 67*4 Sale 6*4 Sale 41 43*4 L09*4 Sale 23 Sale L43*4 Sale 25*4 Sale 90*4 Sale 30*4 33*4 35 63 M Sale 14*4 Sale Sale Sale 55 7 27 tManhat'n Ry Co. Mod 7% gu.100 5% guar... ,.100 Manhattan Shirt..........25 1 Maracalbo Oil Ezolor. Marine Midland Market Street Corp.—....5 14*4 24*4 4*4 10*4 Ry........100 Prior preferred........100 Second preferred....—100 Marlln-Rockwell Corp. (Del.) 1 Marshall Field Ac Co..—.—.* Martin (Glenn L) Co——1 Martin Parry Corp....——.* Masonlte "9*4 19*4 Sale Corp—.—* Sale 40 Mathleson Alkali Works....* 163 1,020 7% preferred...........100 150 Sale 62 103,300 May Dept Stores.......—10 Sale 78,600 Maytag Co (The)...........* 48 13,000 $3 preferred w w—.......* 44 ~ 50 180 $3 preferred ex-warrants.-* 1,410 $6 1st preferred ..........* 106*4 HO 36 Sale 99,500 McCall Corp • 325,900 tMcCrory Stores new com.. 1 18*4 Sale 102 9,000 6% cony preferred......100 100 12,900 McGraw Electric Co, new— 1 89.500 McGraw Hill Pub Co ....* 23*4 "24*4 309,200 Mclntyre Porcupine Mines—5 39*4 Sale 144,300 McKeesport Tin Plate.....10 944,900 McKesson Ac Robbins.—5 13*4 Sale" 55,000 44*4 45*4 $3 cony pref————* 1 210,500 McLei an Stores Co. 17*4 Sale 1,430 6% conv pref ... 100 108 283,400 Mead Corp 26*4 Sale ....... * 96 Sale 3,790 $6 pref series A —• 4,300 $5.50 pref ser B w warr—* "81"" "82*4 43,700 Melville Shoe Corp...... 479,400 Mengel Co 11*4 Sale ....——.1 19,460 5% conv 1st pref.—.50 2,570 Merch Ac Mln Transp Co....* "39"" "40" 137,200 Mesta Machine Go .......5 59*4 Sale 17*4 Sale 1,161,100 liaml Copper —..—5 501,400 Mid-Continent Petroleum. 10 30*4 Sale 171,200 Midland Steel Products..—* 39*4 Sale Sale 11,210 8% 1st preferred.......100 122 750 Milw El Ry Ac Lt 6% pref—100 103*4 106 85,100 Minn-Honeywell Reg Co....* 102 105*4 120 4,310 4% conv pref ser B——100 115 70 10,500 7,400 1,800 20 13,000 14,800 — 200 5,200 18,900 37,000 19,800 44,900 6,200 11,900 30 13,100 60 1,400 8,600 - 17,000 3,050 . 450 6,100 34,800 .. 34;000 22,000 650 80 „ 18,400 360 25,700 4,000 2,700 1,000 1,910 12,700 15,900 89,100 5,400 12,500 11,700 12,300 1,021,800 32,400 69,900 13,000 14,890 150,360 396,200 574,900 133,000 363,400 197,510 145,000 1.400 208*.355 Minn Moline Pow Preferred..... 2,548,800 17,800 2,700 1,000 172,400 7,000 „ 1,501,500 267,050 207,990 10*4 Dec. 29 5 6 Sale 88 Sale 18 "18* 30 Safe 36 37 Sale Sale 1 Sale 2p 9 23*4 Sale Sale 24*4 Sale Sale § 90 89*4 Sale 163*4 160 160 15 25*4 Sale Sale 170 16*4 28*4 Sale 37*4 Sale 17*4 Sale 18*4 Sale 45 49*4 Sale 104 n 105*4 Sale Sale 1% Sale 103 Sale 40 Sale 4*4 Sale Sale 32 3*4 Sale 19 17*4 103*4 Sale 19 103 106 .17 Sale Sale 132*4 Sale Sale 17 50 Sale 17 Sale 1754 Sale 15*4 Sale 1754 "1*4 "~2"" Sale 6 6*4 Sale 13 * 18 6*4 .6*4 11*4 Sale 11X4. 1*4 Sale 6*4 Sale 1*4 5 *4 8*4 Sale 2 1% Sale 10*4 Sale 14*4 Sale 3*4 Sale Sale 3*4 6*4 r6*4 Sale Sale Sale 13 6 9*4 10*4 1*4 Sale Sale 6 ~80"" "90* 13 Sale 10*4 Sale 79*4 75 8 Sale 6*4 Dec. 29 1*4 Dec. 29 134 2*4 23*4 27 7*4 Sale 20*4 Sale 3 Sale 32 Sale 78*4 11*4 II* 85 Dec. 28 7*4 Dec. 29 14*4 Dec. 2 2*4 Dec. 28 31*4 Dec. 29 4*4 Dec. 29 20*4 Dec. 29 75 111 Sale 7 79*4 75 75 55 63 9*4 Sale 20 21*4 87 Sale 23 Sale 92*4 100 58*4 Sale 104 Sale 2*4 Sale 19*4 6*4 Sale 30 Sale 6*4 Sale 50 80 Sale 66*4 r49*4 r40*4 Sale 4 Sale Sale Dec. 21 Dec. 28 Dec. 29 Dec. 28 Dec. 28 |P «* it* Sale 7*4 18 20 90 Sale 93 61 100 Sale 102 21 Sale 105 5*4 Sale 50 H ,54 Sale X 1*4 1*4 1*4 15*4 Sale 2*4 Sale 8 1*4 Sale 110 31*4 21*4 36*4 *4 Sale 24*4 Sale Sale 16*4 Sale d" 107 Sale Sale 10 66*4 Dec. 50 Dec. 37*4 Dec. 3*4 Dec. 22 30 14 29 4*4, Sale 50*4 ^Sale 11 r 50 *1154 Sale 9854 105 4*4 Sale 50 39 Dec. 3 Dec. 29 Dec. 28 17*4 Dec. 29 18*4 Dec. 29 87 15 7 3*4 Jan. 18*4 Jan. June 21 *4 Feb. 58*4 Jan. 2*4 Dec. 22*4 Dec. 8 * Oct. 1*4 Dec. 10 33*4 Dec. 79 Oct. Oct. Dec. 29 6 23 82 Oct. 83*4 Oct. May 15*4 Oct. 18*4 Oct. 33 Nov. 14 June L01 Oct. 15*4 Dec. Oct. 14*4 Oct. 48*4 Nov. 13*4 Oct. 125 20 Dec. J1 9 29 19 75 1 Dec. Dec. 20 5*4 Dec. 29 Dec. 22 It* Dec. Dec. 8*4 Dec. 33*4 Dec. 24 8 6 1 1 Dec. 1 Dec. 1 Mi Dec. 3 70 Dec. 2 61 Dec. 3 Dec. 48 3 5*4 Dec. 1 22 Dec. 4 16*4 Dec. 17 Dec. 9 Dec. 8 80 1 15 28 10 28 29 29 29 28 29 29 13 29 20 29 24 Apr. 30 Mar. 10 Feb. 5 Dec. Jan. Jan. Mar. Jan. Jan. Jan. Jan. Jan. Feb. Mar. May Dec. Oct. Dec. June Nov. Dec. Oct. Oct. 8 25 15 11 13 13 22 2 11 2 Dsc. Sept. 21 Dec. Jan. 19 14 Oct. Jan. Dec. Oct. Dec. Mar. 24 Mar. 17 Jan. 12 Oct. Dec. Jan. Jan. Dec. Apr. 19 Dec. Feb. 16 Aug. 13 Dec. Dec. Jan. Feb. Oct. Dec. Dec. 8 14 13 9 9 9 Nov. Oct. Jan. Jan. 7*4 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 6 9534 Dec. 93 Dec. 1 11 11 14 20 3 17 13 29 21 Oct. 1 Dec. 12 30 3 57 2*4 Dec. 29 8 21*4 Dec. 31*4 Dec. HP. Dec. 28 Dec. 29 Dec. 28 8 20 10 Mar. 8 Jan. 16 Mar. 6 Feb. 23 Mar. 10 Mar. 5 *4 Dec. 16 *4 Dec. 28 50 Jan. 1 13?a Dec. 16 8 11*4 Dec. Dec. 20 Mar. Mar. Jan. Mar, Jan. Mar. Jan. Jan. 20 Mar. 27 Mar. 4 Mar. 10 2 1 62 j 58 J 15 J Apr. 3 6 36 Jan. Jan. Jan. Feb. Feb. Feb. Mar. 35*4 Dec. 20 6*4 Dec. 24*4 Dec. 23 Feb. 10*4 Dec. 3 21*4 Dec. 30 4 Jan. 19 132*4 Feb. 29 10*4 Dec. 23 Dec. 5 15 14 26 11 28 13 3*4 Feb. 2 75*4 Mar. 11 10*4 Jan. 26 43*4 Jan. 8 May 12 8 28*4 Feb. 47*4 Jan. 20 28*4 Jan. 13 99 Mar. 17 41*4 Mar. 11 1 31 Jan. 10 Oct. 99*4 Nov. Jan. May Feb. Aug. July 87*4 Aug. 43 54 Dec. 1 2 5 4 75 23*4 83*4 63 26*4 L51 14 Jan. 15*4 Mar. Aug. 13*4 Feb. 1*4 Dec. 10 5*4 Dec. 9 1*4 Dec. 18 18 11 9 16 23 8 3 6*4 Dec. 6 43*1 Dec. 8 Dec. 24 Dec. 8 Dec. 11*4 Dec. 14 14 Mar. 103 Feb. 1 24*4 Mar. 17 8 Dec. 23 2 70*4 Dec. 22 57*4 Dec. Dec. 1 101*4 Dec. 20 104 92 76 Sale 105 28 1 Dec. 29 Sale ..1 54 29 Sale 112,400 Mullins Mfg Corp class B...1 7,550 $7 conv preferred.......—6 52,700 Munalngwear .—...........* 44,430 Murphy Co (G C ).——.—* 62 12 Sale^ 29 111 Sale Sale 29 7*4 Dec. 29 1*4 Dec. 28 2*4 Dec. 29 12*4 Dec. 28 1*4 Sale 12*4 Oct. Dec. 9 Dec. 16 23 14 1754 Mar. 1 27*4 Mar. 11 51 *4 Feb. 1 4*4 Oct. *4 Dec. 1 Dec. 11*4 Dec. 22 78*4 Dec. 14 15 60 Dec. 40*4 Dec. 30 16*4 Dec. 28 .2*4 Sale Sale 8 3 36 7 13 84 110*4 Dec. Dec. 8 Dec. 23 Dec. 3 15 38 Sale Sale Sale Dec. Dec. Dec. Dec. Dec. 6*4 Dec. Sale 13*4 37 Sale 3*4 76 i 24*4 Jan. 24 17*4 Dec. Dec. Dec. Dec. 16 Dec. 3 Dec. 21 8 Dec. 29 25*4 Dec. Dec. 3 152 Dec. 16 7 33*4 Dec. 29 39*4 Dec. 66*4 41 Dec. Dec. 15*4 Jan. 47*4 Jan. 41 Oct. 2*4 Oct. 22 11 39 Oct. 5 29 Mar. 80 27*4 Jan. *4 Jan. Oct. 32 Dec. 146 Sale 10 24 7*4 36*4 18*4 6*4 28*4 42 40. Dec. 29 Sale Motor Products........ see page *4 Dec. 28 3 Sale Far footnote* Dec. 27 6 Sale Sale 61*4 9*4 Dec. 13 1*4 Dec. 24 Sale Sale 108 Sale 11 5 Sale Sale Sale Sale Sale Sale Sale 46*4 Sale 5*4 Sale 21*4 Sale 15*4 16*4 Dec. 8 Dec. 10 Dec. 9 Dec. 3 Dec. 31 Dec. 1 Oct. 19 Dec. 29 Dec.-29 9*4 Oct. .. 3 • 6 14 97 Dec. 23 Dec. 9 19*4 Dec. 7 Sale Mother Lode Coalition.....* 5% preferred 100 601,600 Murray Corp of America.. 10 22.000 Myers (F E) 8c Bros.........* 66 8 Sale , Mar. 80 July ti Jan. 2 8 8 1 Dec. 9 Dec. 1 41 1 8*4 Dec. Dec. 17 Dec. 20 89 90*4 Dec. 20 Dec. 7 Dec. 29 Dec. 29 14 9 Sale Dec. Dec. 27 5*4 Dec. 28 6 Sale ........ 3,520 Dec. 28 Dec. 28 49 15 *4 Sale Sale „ 20 85*4 Dec. 13 zl60*4 Dec. 9 165 15*4 Dec. 18 16*4 27 Dec. 28 34 35 Dec. 21 40*4 17*4 Dec. 30 19*4 43*4 Dec. 29 54 103*4 Dec. 20 105*4 1*4 Dec. 29 32 Dec. 28 42 4*4 3*4 Dec. 28 17*1 Dec. 29 19*4 103 Dec. 13 103*4 15*4 Dec. 29 17*4 129*4 Dec. 13 135*4 15*4 Dec. 29 18 37*4 22*4 8*4 33*4 8*4 80 14*4 Sale 29*4 Dec. 28 82 5 22*4 Sale Sale 154 157 155 34*4 36 Sale 4*4 Sale Sale 25 23*4 27*4 20 2 Sale 33*4 Dec, 28 7*4 Dec. 28 24*4 Dec. 28 71 35 "1*4 '"2*4 24*4 146*4 35*4 6*4 Sale —5 H Apr. 14 (Dec. 28 -^Dec. 29 10*4 Dec. 4*4 Dec. 29 29 Dec. 8 31 29*4 31 30*4 31 123*4 Dec. 23 125 123*4 126 121*4 125 17*4 Dec. 29 23 21*4 Sale rl7*4 Sale 26 Sale 25 Dec. 29 30*4 30*4 Sale 10 9*4 Dec. 28 11 10*4 10*4 10*4 24 Sale 25*4 Sale 22*4 Dec. 29 27*4 .......... Motor Wheel 10 Dec. 29 1 ... Dec. 37*4 Dec. 10 2 15*4 Dec. 6*4 Dec. 14 23 7*4 Morrell (J) 8c Co..————.* Morris 8c Essex ...50 7 2*4 22*4 8*4 Sale $4.50 pref........—..... MontgomeryWard A: Co.....* 16*4 Dec. Dec. 28 5*4 Sale 100 Mohawk Carpet Mills .20 Monsanto Chemical Wks—10 Dec. 30 5 Mar. 10 Mar. 8 4 22 14 23 _ 69 20 46 9 15*4 Dec. 29 3 3 10*4 Dec. 29 11 Dec. Dec. 11 2 Dec. Dec. 31 100 7H Dec. Dec. Dec. 28 Dec. 5 Dec. 29 Dec. 29 27* Dec. Dec. Dec. 29 Sale ....... 70,300 Mueller Brass Co... . 21 Sale 20 Dec. Dec. 6 15 if* 25* .... 5% preferred series A. 100 (Missouri Pacific 100 Convertible preferred.. 100 Sale 11 Nov. 8 Oct. 10 Dec. 29 Oct. 19 28*4 .5*4 17*4 1*4 16*4 Dec, 27 97 26 Sale 7% preferred...........100 4% leased lines—......100 Mission Corp * Mo Kan-Texas 10 25 1 Dec. 18 18*4 Dec. 16 Sale Sale Implem—* Minn St Paul Ac S S M. Dec; 28 Dec. 29 Dec. 29 2*4 Dec. Sale xll 33 138,300 9,700 15*4 Dec. 28 3 16*4 Sale 28 19*4 25 Dec. 97 I* Preferred——...—100 Dec. 28 Dec. 29 20 11 14 Sale Mi "14*4 "l6 37*4 Sale Sale Sale Sale 21 5 22 Sale " Sale" 30 39*4 Dec. 21 8*4 Dec. A 1754 Dec. 29 1*4 Dec, 28 Sale 6*4 Sale Pref ctfs of deposit——.100 Mandel Bros.—...———* 33 *4 Dec, 29 7 Dec, 29 125 95 26 168 21 60 363,700 Lone Star Cement Corp.....* 408,800 Long Bell Lumber A • 65,700 Loose-Wiles Biscuit.....—25 2,710 5% preferred...........100 438,600 Lorlllard (P) common...—.10 7,130 Preferred..............100 90,600 Louisville Gas Ac Blec A.—..* 81,500 Louisville 8c Nashville..—100 494,200 Ludlum Steel...——.1 8J4 w Highest Sale Prices 14*4 Sale < Sale 39*4 160 18*4 Sale 2*4 Sale 16*2 16*4 108 Liquid Carbonic new.......* Loew's Incorporated .......* 15*4 Sale Lowest Sale Prices Sale 23 13 22 16 15*4 38*4 Series O25 14,800 10 21 Highest Sale Prices 14*4 Sale 27 Sale 16*4 150 Preferred. ......—— 100 Lily Tulip Cup Corp......—* Lima Locomotive Works....* Link Belt Co... * 1,010,400 44*4 Sale r2 20*4 48 rl2*| Sale Sale 15*4 Sale 5 5*4 6*4 16 6 22 18*4 Sale Lehigh Portland Cement. 25 4% cone preferred......100 Lehigh Valley 5' Leblgh Valley Coal..... • 35*4 Sale 7*4 Sale 20*4 Sale Sale 22*4 2*4 Sale 29*4 Sale 10*2 12 18 Ask Sale 23 38 26,500 10,600 10,300 170 26,800 390 7.800 11,800 18,600 36,800 1.300 6 50 15 5H 49 *4 Lambert Co (The).....--— Light.......-100 5% preferred...........100 Sale 8 20*4 Laclede Gas 404,800 Llbby McNeill Ac Llbby.. 30,200 43,100 6,700 11,600 35*4 Sale 44 Sale 24,600 100 Sale Sale 43 23 $6.50 preferred...........* 782,200 Loft Incorporated * 620 19 *4 42 Lowest Sale Prices Dec. 31 Ask Bid Bid __ 12,000 237,900 126,400 2,600 548,800 305,200 155,410 192,700 62,600 79,600 373,600 690 3,400 8,900 Ask 7,510 6,660 250,900 2,750 23,550 12,400 13,200 17.300 Dec. 1 1937 Bid 23,200 Kress (S H) Ac Co new.. 303,400 Kroger Grocery Ac Bale. 19,800 1937 Jan. 2 60 *4 — Keystone Steel Ac Wife Co--* Klmberly •Clerk.. — l Kinney (G R)......... 8% preferred.... * $5 prior preferred... 10 341,200 Kresfte (S S) Co 29,200 Kreage Dept Stores.. i 390 YEAR Price Shares Sharew RANGE FOR PRICES IN DECEMBER STOCKS 12 Months N. Y. STOCK EXCHANGE 1937 1*4 Dec. 2 Dec. 18*4 Dec. 3*4 Dec. 11*4 Dec. 2*1 Dec. 3*4 Dec. 17 Dec. 88*4 Dt 4 9 Nov. Oct. Oct. Oct. Oct. 19 Dec. 28 Dec. 16 Dec. 28 Oct. 19 Dec. 28 Oct. Oct. 2 22 Mar. 17 Mar. 10 Nov. 19 19 Dec. 28 Oct. 19 Dec. 28 Nov. 23 Oct. 19 Oct. 19 Dec. 10 Dec. 28 Dec. 29 Oct. 19 Oct. 19 Dec. 28 Oct. 19 Dec. 29 Dec. 13 Nov. 23 Apr. Oct. 19 Dec. 24 Mar. 11 Aug. 3 Jan. Mar. Jan. Apr. 23 4 8 A Mar. 17 Mar. 8 Mar. 17 Mar, 17 Jan. 23 Aug. 27 Sept. 24 Mar. 10 Feb. 17 Jan. 18 Feb. 26 Jan. 15 Feb. 13 Mar. 15 Aug. 16 Mar. 19 Feb. 11 Mar. 13 Jan. 26 Feb. U Mar. 1 jan., 1938] AGGREGATE In n. y. stock SALES 12 Months December "3",400 32,900 76,100 100 230 12,200 800 68,900 Par National Acme.. ........1 National Aviation Corp 10 National Biscuit....... 10 7% preferred..... 100 Nat Bond 8c Investment Co.* 5% pref series A w w Nat Bond & Share Corp Nat Cash 900 110 National Dept Stores.. 6% preferred B 100 100 800 1,800 22,300 1,894 3,650 984,400 64,800 6,464,200 141,400 126,700 144,100 17",166 Newberry Co (J J) • 5% preferred series A...106 610 159,400 3,900 135,000 1,400 121,955 110 6% pref series A 10% preferred Shipbuilding pt stock. _1 7% preferred... ..100 New York Steam pref $6 * 7% 1st preferred., * {Norfolk Southern.......100 Norfolk 8c Western 100 Preferred 100 North 90,400 39,200 27.800 1,860,700 424,700 3,100 35,500 260 1,207,500 1,460 41,500 900 6.500 28,400 4,400 9,800 2,700 2.300 132.800 1,100 20 8,900 600 100 60 6% preferred Otis Steel 55.50 • * 3 3154 2354 Dec. 29 18 Dec. 1 42 Dec. 29 Sale" Sale Dec. 29 18 Dec. Sale Dec. 29 111^ 108 Ji Dec. 20 108 Dec. 27 109 Sale Dec. '3454 Sale' Sale 135 154 IX 54 Sale 8 a 71 Sale Sale 58 Outlet Co .... 10 X J* Dec. 30 Dec. 10 854 Dec. 3 Dec. 16 Dec. 3 24 Dec. 13 Dec. 31 1954 Dec. 16 3 854 Dec. Dec. 2 Dec. Dec. 6 Dec. 29 Dec. m 29 x24 Dec. 29 6 Dec. 3 Dec. 20 x71 Dec. 3 14 Dec. 14 75 Sale Sale Dec. 28 2rA Dec. 9 Dec. 29 Dec. 2 Dec. 28 62 Dec. 28 Dec. 28 62 "57" "59" 32 Dec. 29 3734 Dec. 7 10034 3 1154 Dec. 29 1 40 31J4 Dec. 107 100 11 19 82 X 454 Dec. Dec. \lVs Sale 83 Sale 1 19 19 72 3 7 Dec. 7 4 Dec. 110 _• _• Dec. 3 Dec. 29 Dec. 28 Dec. 14 10554 Dec. 28 24 Dec. 23 5254 Dec. 2 954 Dec. 17 9854 [12X 114 Sale Sale 105 10354 Sale 12 X 2734 Sale Sale 14 Sale 1254 Sale 24 X Sale 9>4 Sale Sale 80 r534 Sale 2254 Sale 754 Sale Sale 26 X 128 Sale ' 135 81 Sale "67" "76" Sale 98 Dec. 9 92 98 Dec. 1 48 1254 Sale Sale 59 Dec. 7054 Dec. 20 a;954 Sale 36 4 Sale Sale 754 854 154 154 3854 Sale 3454 37 9134 10054 954 Sale 84 88 1054 Sale 22 24 254 Sale r3154 Sale '1654 Sale 154 Sale 5 Sale 954. Sale 454 Sale ...... 4154 4354 62 X Sale 2 254 4 12 35 26 1154 Dec. 10 Dec. 28 116 Dec. 29 138 1154 Dec. 29 1454 4 Dec. 28 554 Dec. 28 81 Dec. 29 Dec. 6 Dec. 7 1654 Dec. 29 IX Dec. 29 454 Dec. 29 954 Dec. 29 4 40 Dec. 18 Dec. 28 i?!M 2 Dec. Nov. 8 26 Jan. 12 110 133 1 3254 28 12 654 Dec. 14 4 1454 Dec. 6 8 454 Dec. 4 454 Dec. 28 1154 Dec. 29 Sale 30 90 25 Sale Sale 36 3854 r33 1354 1354 1454 11 Sale 1154 554 5X 454 25 Sale 2654 Sale 3054 Dec. 29 1554 Sale 13 Dec. 29 35 Sale 1054 454 2354 3454 Dec. 23 Dec. 29 Dec. 2 1 Dec. Dec. 11 62 Dec. 29 154 254 1 6 29 3754 Dec! 21 Dec. 8 Dec. Dec. 8 6 Dec. 6 Dec. 6 Dec. 8 Dec. 8 Dec.- 8 Dec. 27 Dec. 11 7 1554 Feb. 1 40 Mar. 27] Feb. 3 2 29 32 Jan. 14 19 38 Jan. 19 53! 44] Jan. 12 14 9 19 Nov. 22 152 Jan. Jan. 2 Apr. 0 Feb. 18 20 Jan. Jan 19 121 May Mar. Nov. 23 90 Sept. 30 109 X Mar. Jan. Oct. 19 28! Jan. Oct. 19 200] Oct. 19 Jan. 26! Jan. Oct. 19 34] Oct. 19 Feb. 8] Oct. 19 441 Feb. Oct. 19 29M Aug. Jan. Oct. 19 7! Oct. 19 Jan. 10] Oct. 19 23] Mar. Oct. 19 751 Feb. Nov. 23 64 Jan. • 4 Jan. Oct. 23 103] 19 6! 19 12] 19 76] 1354 Dec. 29 29! 20 Oct. 19 50] 27 Dec. 29 63 8 0 Jan. 19 37 3 June 19 19 6 29 29 354 454 1154 Sale 23 8 4 34 8 32 54 Dec. 30 9 1854 Dec. 2 Dec. 8 10 3054 Dec. 29 75 115 8 10354 Aug. 11 Apr. 28 149 11J4 Dec. 29 295 4 Oct- 19 125 7 Oct. 19 17) 1 Oct. 19 4) 1 2 16 65 Dec. Mar. 5154 Nov. x954 Dec. 29 29 29 29 38 Sale 44 9 27 13 1 4554 Jan. 21 141 Sept. 20 Mar. Mar. 1854 Dec. 10 Jan. 1 44 Feb. Feb. Mar. 97 3 2 54 Dec. • 5 Apr. 20 28 3 Dec. 29 6054 Dec. 28 12 36 64 24 254 Dec. 28 30 32 6434 2 2 3 18 Dec. 854 8054 9854 Dec. 1154 Dec. 954 Dec. 29 5X Sale 1 Mar. 1254 Dec. x95 89 54 4 Dec". "3 3854 9754 10054 8 13 100 ............ Dec. Dec. 28 854 Dec. "29 23 Jan. 654 Oct. 48 9 254 Oct. 9 754 Oct. 9 Dec. 4 Oct. 8 Dec. 1054 Dec. 24 Dec. 22 Oct. 2 x34X Oct. Dec. Dec. 21 1054 Oct. Dec. 100 Sale 125 Dec. 41 30 Sale 3 3454 Dec. 29 100 554 Dec. Dec. Dec. 954 Dec. 154 Dec. 4554 Dec. 754 Dec. 29 154 Dec. 15 35 L0954 114 Sale 954 1554 2754 3854 1454 Dec. 29 40 Nov. 554 Dec. 17 110 Sale 32 17 Dec. 29 134 Sale 21 Dec. 11 554 Dec. 29 1054 Dec. 29 2554 Dec. 10 19 14 29 x954 Dec. 31 354 Sale 1654 19 19 114 1354 Sale 6,900 Pet Milk • Petroleum Corp............5 234,100 Pfelffer Brewing Co........* 941,300 Phelps Dodge... ...25 31,200 Philadelphia Co pref 6%..50 3,300 56 preferred 14 r60 4X Sale 1234 1454 554 654 1154 1154 27 X Sale 454 Dec. 3 Dec. 8 Dec. Dec. 18 Dec. 18 Dec. 21 1254 Dec. 29 28 554 Oct. 2054 Oct. 44 Dec. 31 8 Jan. 73 90 Dec. 29 130 854 Dec. 29 Jan. Mar. 11 Jan. 22 2254 Apr. 1 2 9 14 Feb. 3 Jan. 21 Jan. Oct. 4 Dec. 14 Jan. Nov. Dec. 27 10 365 535 65 654 Oct. 754 Dec. 554 Dec. 29 2154 Dec. 14 126 9 22 20 14 105 Dec. 28 24 Jan. 19 954 Oct. 30 Jan. Jan. Apr. 1454 Oct. 19 48 X June 18 1354 Dec. 21 8 3354 Dec. Dec. 8 15 Sale 110 Sale 133 V 140 12 Sale 338,700 102 Mar. 17 Jan. 22 Mar. 19 Jan. 22 Feb. 19 272 8 114 1154 Dec. 14 2454 Dec. 29 854 Dec. 29 45 • ...100 19 Oct. 154 Oct. 15 Oct. 127 Sale • .... 9 Oct. 254 Dec. 8 1654 Dec. 16 9 Pacific Teleph Ac Telegr..l00 6% preferred. ......100 .... 35 40 114 Sale » 36,400 Peoria Ac Eastern... 30,000 Pete Marquette.... 7,300 Prior preferred 11,660 Preferred June 14 June 16 Dec. 50 13 X 40 3d preferred ..* Pacific Finance Corp (Cal).10 Pacific Gas & Elec 25 Pacific Lighting Corp.., Pacific Mills 19 15 19 Oct. 1154 5554 1454 4654 Sale 10 ....... First preferred Oct. Oct. 3 Dec. 28 48 1054 Sale 54 Sale 21X Sale Oct. 1 11 954 Mar. 8 2654 Feb. 25 654 Feb. 17 1554 Jan. 22 7654 Jan. 22 10254 May 3 11254 May 5 454 Mar. 3 93 8 154 Dec. 30 ~15~ 134 17 19 Dec. 31 1 1354 Dec. 16 92 Sale 454 Oct. 2 97 15 Dec. 24 Dec. Dec. 28 354 29 X 17 X Sale 55 X Sale Oct. 2 Jan. Mar. 12 Jan. 7 345 575 Oct. 19 175 Oct. 27 1045 10 10 Pacific Coast Dec. 24 Dec. 8 30 354 54 Oct. 18 5454 Dec. 31 » 91 55 X 52 X 28 3 10 Nov. 24 137 3 Dec. 30 I 30 Dec. 6 95 j 6354 Dec. 100 3 73 6 154 Dec. 54 Dec. 22 180 198 Dec. 269 14 X L02 54 L01 27 X 6 6 Dec. Sale 31 55 3 754 Dec. 10 8 154 Dec. 854 Dec. 30 Dec. Mar. 10 Mar. 17 3054 Nov. 24 100 15 Oct. 19 3154 254 Oct. 20 1254 5 Oct. 19 25] Oct. 19 135 110 5454 Dec. 31 Dec. 2X Sale 160 Dec. Dec. 31 Dec. 28 Dec. 29 Dec. 20 X Sale Sept. 17 Oct. 37 19 Nov. 26 14 113 70 X Sale 97 100X Jan. 15 Feb. 25 Feb. 13 1554 Oct. Dec. 29 3 29 29 25 16 Oct. Oct. 30 Dec. 14 4154 Jan. 18 9854 Feb. 10 5554 Mar. 17 Nov. 24 9 1054 Oct. 8 Dec. Jan. Aug. 14 Nov. 12 3 9 13 11 54! 29 22 14 18 18 3 Dec. Dec. 4954 Dec. Dec. 25 454 Dec. 554 Sale 16 X Sale 4X 554 22 Jan. Jan. Jan. Jan. Dec. 2054 Dec. "lX Sale" 3 Dec. Dec. 29 11 112 V Dec. 28 118 Jan. 17 22 11 14 32 22% Sale 128X 130 171 11 20 9 28 11 Dec. 29 1954 Dec. 29 3X Dec. 29 754 Dec. 29 1 8 17 25 8 Dec. 18 ~iox ~iix 12 9 21 Dec. 1654 Sale 83 X Oct. 150 July 1654 Dec. 29 6154 5 Oct. 19 1454 54 Sept. 9 254 1 54 Sept. 11 55 Oct. 19 9954 1754 Dec. 29 26 54 30 2054 Dec. 29 6354 Dec. 20 8054 75 Dec. 14 75 3 Dec. 28 1254 654 Oct. 19 1354 2254 Dec. 29 5754 62 Dec. 28 87 32 Dec. 29 6454 9954 Nov. 8 109 7 56 41 42 X 153 127 Dec. 21 Dec. Dec. 75 Sale 40 - 11% 7354 12 X Dec. Mar. 33 54 Mar. 2 Jan. 18 10 167 29 3354 Jan. 18 Aug. 20 10354 Feb. Oct. 19 5754 Aug. Oct. 19 13 38 54 Feb. 12 Oct. 19 2654 Feb. Dec. 20 11254 Feb. 106] Oct. 19 112 104] May 554 Oct. 19 2454 Mar. 4 Oct. 19 1054 Jan. 17 Oct. 19 35 Mar. 1754 Dec. 13 38 Mar. J 8 54 Apr. 454 Oct. 19 18 Oct. 19, x44 Mar. 1534 Dec. 28 9 Dec. Sale 5 ......... Preferred see page 8 Sale 55 1854 Jan. 28 39 Dec. 22 30 9 15634 Dec. 28 Dec. 132 3 13654 Dec. 17 Dec. 8 1654 Dec. 29 25 Dec. 29 7 Dec. 3 Dec. 3 Dec. 3 5654 5754 XVA Sale 6154 1754 OX 2434 15434 15834 150 143 24 13 Dec. 29 Sale 11454 For footnotes Dec. Sale 16554 19 19 Dec. 90 Sale 32 Oct. 14854 Apr. 8 Sale Sale" 2454 Jan. 28 4754 Mar. 11 654 Oct. 17 5X 2854 20 8 Dec. Sale 19 19 Oct. 17 8454 10854 11154 107 10754 Oct. Dec. 24 Dec. 28 Sale 78 100 ... conv „ 19,500 Sale 33 Sale 100 54 102 54 .... 1,600 1,110 1,330 11,900 126,900 2,800 >2 ----- Pacific Western Oil 10 2,512,400 Packard Motor Car • 14,300 Pan Amer Pet 8c Trans 177,300 tPanhand Prod Ac Ref • 32,760 8% conv preferred ,.100 52,600 Paraffine Co Inc * 2,000 4% conv preferred 100 5,071,900 Paramount Pictures...... 1 114,100 1st preferred...... 100 581,500 2d preferred............10 35,400 Pa'k At Tllford 1 1,717,800 Park Utah Cons Mines -.1 119,500 Parke, Davis Ac Co ....... 99,600 Parker Rust Proof Co....2.50 166,60O Parmelee Transport Co. • 525,100 Pathe Film Corp............ 682,500 Patino Mines At Ent Cons ..* 397,700 Peerless Corp A 58,400 Penlck Ac Ford........ 261,600 Penney (J C) Co. 85,200 Penn Coal At Coke........10 394,400 Penn-Dlxle Cement.... ..* 35,000 57 conv pref series A......* 72,800 Penn Glass Sand Corp vie * 1,239,400 Pennsylvania RR Co 56 19,000 People's Drug Stores Ino ...» 750 6% conv preferred......100 196.000 People's Gas L Ac Coke 100 600 : 156 162X Sale Prices 5 1954 Dec. Dec. 10 15754 Dec. 30 100 28,460 16,100 25,790 33,500 406,600 179,900 110,700 8,560 2,520 206,800 910 680 32,200 13,800 5,500 10,800 22,300 35,200 8,800 7 217,300 Owens-Illinois Glass Co. 13.50 231,000 Pacific Amer Fisheries Inc..5 1.040 730 2,060 1,400 38,800 8,600 9.200 3,400 Pacific Ohio Oil Co (The) Oliver Farm Equipment.. 50 239',755 50 1st pref.. 35,400 Outboard Marine Ac Mfg 11,500 6,200 - Preferred 39,200 32",655 600 ..* . North American Aviation...1 2.900 50 350 9J4 Dec. 29 7% Dec. 1 Sale 50,400 Omnibus Corp v t e (The) .* Preferred A 1,880 100 84,100 Oppenhelm Collins At Co. „* 340,200 Otis Elevator Ny _» 160 1,400 American.. 6% preferred 4,110 9,500 196,400 _• 3,340 Northwestern Telegraph..50 307,300 Norwalk Tire Ac Rubber • 90 Sale 50 N Y 2,014,860 Northern , :. ...100 20,500 North Amer Edison 56 pref..* 2,170 Nortbern Central....... 50 4,100 46,300 2,100 2,600 ....• N. Y. Chicago Ac St Louls.100 Sale Prices Sale 10 Highest 10 1154 Dec. 15J4 Dec. 10 1254 Dec. 8 Sale 36 X 75 New York Central... Dec. 29 Dec. 29 Sale 19 Newport Industries Inc 1 Sale Prices 9 11 14 54 15 570 N Y Lack 8c West Ry Co..100 IN TNH& Hartford 100 Convertible prefer red ..100 IN Y Ontario 8c Western. 100 494,500 446,400 121,900 268,800 6,250 18,080 14,190 162,200 31,100 5,160 1,828,400 36,700 1,706,200 Sale Prices Lowest 32 INew Or) Tex 8c Mexico ...100 New York Air Brake 1937 \ Highest 14 X Sale 41 pref... 100 187,900 IN Y Investors Inc 10 50 * 4 H% conv serial 260 2,200 3,300 * N Y City Omnibus Corp * 49,010 New York Dock.... 100 47,940 5% preferred .......100 5.160 New York 8c Harlem.... 50 100 50 ......100 Mall 8c St Cast's Co Power & Light 13,600 Nat Ryt of Mex las pref...100 57,500 5% 3d preferred 100 527,900 National Steel. .......29 125,100 Nat Supply Co of Pa......10 14,200 S3 preferred ......40 7,300 5H% prior prefer red... 100 100 6% prior preferred ...100 119,700 National Tea Co • 125,900 Natomas Co.... 24,100 Nelsner Bros Inc..........-1 13,400 6,300 1,600 18,800 26,600 3,800 34,600 1,330 * Lowest Sale 40 6% preferred 2,250 1, 100 50,000 10,300 423,100 41,300 16,700 8,500 2,500 1,920 * * 7% preferred class A....100 7% preferred class B....100 117,000 Nat 1,044,200 Nat 1,300 30,100 47,300 10,000 4,400 80 Register Nat Dairy Prod Corp Dec. 31 Ask Ask Bid * 17,900 Nat Enamel A Stamp.; * 413,000 Nat Gypsum Co....... 1 550,100 National Lead .........10 6,800 7% preferred A .....100 900 90 100 ....10 1,002,200 Nat Distillers Products.....* 65,700 42,400 11,400 36,000 Dec. 1 1,762,800 Nath-Kelvlnator Corp......5 Nash Chatt Ac St Louis...100 YEAR Jan. 2 1937 11,580 295,000 125,300 906,500 9,400 84,200 6,000 12,100 426,800 998,700 2,900 4,490 283,800 58,960 RANGE FOR Price Shares 99,100 1,130 10.200 9,000 86,700 1,000 7,900 37 PRICES IN DECEMBER stocks N. T. STOCK EXCHANGE 1937 Sharen exchange—stocks 25 13 10 18 28 28 28 5 25 3 25 14 20 11 18 9 Mar. 8 Jan. 23 Feb. 2 Feb. Feb. 1 10 Mar. 17 Mar. 9 11054 Sept. 27 11654 Jan. 27 22 Oct. 19 0 6554 Feb. Oct. 15 Oct. 19 Dec. 29 3054 Dec. 29 11 Oct. 15 3 9 17 30 87 91 25 954 Oct. 19 21 Oct. 19 13 1854 Nov. 22 3454 Nov. 26 59 54 3 62 Dec. 11 100 Mar. 4 Mar. Jan. 7 Jan. Jan. Mar. Feb. Mar. Jan. Jan. 5 8 11 11 19 10 14 S N. T. STOCK 38 aggregate sales 12 Months 1937 EXCHANGE-STOCKS N. T. STOCK EXCHANGE Lowest Sale Prices 2 16,820 (Phlla Rapid Transit Co 50 7% preferred 19,050 —5f * 410,600 Phlla A Reading C A 1 352,200 Philip Morris A Co 10 * 18,600 Phillips Jones Corp.... Preferred ......100 420 4 250 19,500 2,080 545,700 7,970 38,130 154,400 463,900 11,800 235,400 83,300 49,700 221,500 571,300 46,900 42,800 307,300 6,200 411,900 36,200 19,100 6,900 2,850 Preferred ........ Dec." Dec. 20 Dec. ... Dec, 6 Dec. 29 preferred.........* Chic pf.100 Pittsburgh Screw s Bolt...* Pitts Ft Wayne A A Dec. Dec. Dec. ....* Porto Rlcan Am Tob cl A...* Class B ...... * (Postal Teletf A Cable oreflOO Pressed Steel Car common.. 1 Poor A Co class B 5% cony 1st pref.........5 5% cony 2d pref....--.--50 Gamble..........* Preferred 5%— --10# Procter ft -- 6% Jan. ............ preferred..........100 7% preferred—........100 —100 preferred Dec. Mar. 10 Dec. 5* Nov. 24 Jan. Dec. 28 1% Oct. 19 Jan. 2 12 12 85* Feb. 1 4 7 1 8 July 14 >7 X Apr. 29 141 47% Mar. 5 8H Oct. 19 3 Jan. 12 % Oct. 19 29?* Apr. 22 22% Aug. 30 Feb 4 33 Jan. 22 11 Oct. 19 Dec. 30 Oct. 19 Oct. 19 Oct. 19 Oct. 19 Oct. 19 3 9 7 Oct. 3 19 8 Jan. 4 Jan. 21 112 128 140 Feb. Jan. 21 162 20 103% Oct. 19 117 Oct. 25 132 Sept. 29 Oct. 91 Jan. 20 25 Jan. 25 Feb. 4 3 20 __ 1 20 16 19, 495* Apr. 14 98 Nov. 19 12?* Oct. 19 80 Nov. 12 112 5% Dec. 28 345* 58 7 405* Dec. 67 55 Oct. 19 6 4\5* Oct. 19 Apr. 14 Apr. 17 Jan. 26 Jan. 14 8 22 8 26 Eg Jan. Jan. Jan. Jan. ilX Dec. 29 31 Feb. 29 4 Nov. 23 86 Mar. 10 21 Dec. 28 Oct. 19 19 x3 Dec. 21 3 8 21 2 4 10 Oct. 19 11 6 20 _ 26 J* Nov. 24 1 Oct. 19 1% Oct. 3% Oct. 15 20 Oct. June 4 9% Feb. 19 Mar. 11 Mar. 17 65 115* Feb. 25 20?* Mar. Nov. 19 375* Mar. Dec. 28 46 Jan. 70 Dec. Dec. Dec. Oct. Dec. 86 z98 11 3 22 Dec. 14 71 8 6 Dec. % Oct. 3% Oct. 34% Nov. X Oct. 1% Oct. 22 103 20 113 9 113 29 27 51 29 98 19 _ 3 _ 3 Dec. 20 Dec. Dec. 14 Dec. 21 Dec. 4 Dec. 8 Dec. 14 Jan. 19 8 Jan. 2 2 19 Apr. 5 Mar. 1 Aug. 18 Feb. 4 Feb. 10 Mar. 10 Mar. 10 19 2 138 Oct. Oct. _ Dec. Nov. 4 4 1 21 Feb. 8 Feb. 19 Feb. 2 17J* Mar. 11 58 Mar. 16 45* Apr. 21 609* Apr. 22 Nov. 23 1025* Oct. 8 26 Dec. 29 _ Feb. 4 13 Mar. 10 Nov. 24 197 Mar. 8 June 17 120 Oct. 19 545* Jan. 11 10 Dec. 28 Dec. 21 Dec. 3 Dec. 8 Dec. 6 Dec. 21 Dec. 3 Dec. 30 112 3 2% Ded. 29 22% Dec. 29 275* 130 Dec. 18 132% 19 19 Feb. Jan. Dec. 29 Dec. Dec. 8 Dec. 17 110 9 Feb. 10 12?* Dec. 27 34 6% Oct. 19 15 Oct. 19 60 Dec. 15 120 3?* Oct. 19 14 65 44 Dec. 2 245* Dec. 30 44 Nov. 22 34?* Nov. 26 105?* Dec. Feb. Jan. 49?* Nov. Dec. Mar. 3 98 Dec. ...... Mar. 45 19 4 3 2 17 Mar. 15 Feb. 23 23 Oct. Jan. 26 3% Oct. 16 Mar. 19 54 11 8 5 11 13 19 Dec. #85 cony preferred.——... 40 Oct. Dec. 21 Sharp A Dohme... see page 1 8 Dec. __ Fer footnotes Dec. 29 76?* Dec. 28 139 8 Sharon Steel Corp 100 26 2 Dec. Dec. Dec. —1 9% preferred 3 8 7 Cony pref series A...... 18,500 3,380 Sheaffer (W A) Pen Co......* Shell Union OH * 582,000 Convertible preferred.. 100 71,300 578,200 SUver King Coalition... • 506,650 Simmons Co .—.10 72,400 Simma Petroleum.. Slmonda Saw A Steel Co....* 14,000 25 266,200 Skelly Oil Co. 6% preferred ....100 18,200 31,620 Sloas-Sheffield Steel A lr.100 86 preferred.—— 8,790 107,300 Smith (A O) Corp.........10 45,300 Smith A Corona Typewr—* 141,100 Snider Packing 5,076,700 Socony Vacuum OH Co Ine.15 1,580 1105* Mar. 10 39M Dec. Seagrave Corp (The)—...—* Sears, Roebuck A Co.—* 55*% preferred.........100 Dec. 1% Dec. 7% Dec. Seaboard OH Co of Del...—* So Porto Rico Sug .........* Mar. 11 60 9 Dec. Scott Paper... South Amer Gold A Plat—1 Feb. 18 124 Dec., 31 55*% preferred..——...100 1 100 Solvay Am Corp— 18 Dec. Dec. 14 Dec. 4 Dec. 4 613,800 (Seaboard Air Line.. 4-2% preferred————100 190,600 8,000 933,200 235,400 30 Feb. 18 (Schulte Retail Stores 8% preferred (G F) Jan. 10 7% preferred—.......100 Savage Arms Corp.... Schenley Distillers Corp....5 Shattuck Apr. 23 9 Mar. IX Oct. 60 100 8 Mar. 31 12% Oct. 32 % Dec. 92 Dec. 6% preferred.......—100 5 5 Mar. 65 9 8 Safeway Stores Servel Inc 26 35% z29% 94% 110 Dec. Dec. Dec. 33,600 Ruberold Co cap stock new.* 27,300 Rutland RR. pref......—100 —10 491,500 St Joseph Lead. 211,700 (St Louis-San Francisco. 100 6% preferred..... —100 340,200 4,710 (vt Louis Southwestern..100 5% preferred .... 100 560 16 Jan. Mar. 2% Dec. 1 19% Dec. 21 New 8 Jan. 225* Feb. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 13 30 Dec. Dec. Dec. 11 Dec. Mar. 8 Jan. 11 Jan. Dec. Dec. 15 Mar. 83 15* Dec. 8% Dec. 16 21 6 5 Jan. Dec. IP Dec. 71 15 Feb. 25 49 2±% Dec. 4% Dec. 87 Feb. 29* Dec. 40 Feb. 27 105* Apr. 19 Aug. 25 295* Dec. 22% Dec. 31 Feb. Jan. 80 Dec. 8 Nov. 115 26 ...... 460,700 54,100 1,392,500 573,800 236,900 287,800 32,190 418,200 112? 107 23 ? 18] 12? Dec. ..... 5% preferred....... Jan. 53 5* Dec. 5% Dec. 225* Dec. B............* ..... 5,610 4,190 13,410 137,600 471,796 28,000 339,400 61,800 24,950 20 Feb. 11 Feb. 10 Feb. 11 Jan. 15 Oct. 19 65 43 X Oct. 19 14% Mar. 25 118 305* Oct. 19 52 __ 75* Dec. —5 1,931,800 Reo Motor Car 6,920,700 Republic Steel Corp........* 6% cony preferred......1C0 39,000 6% cony prior pref ser A 100 34,000 321,200 Revere Copper A Brass.... 5 Class A 10 26,100 7% preferred ...——100 5,200 55*% preferred.....—100 2,540 * 183,400 Reynolds Metals Co.... f>Yi% cony, pref...—...100 5,400 117,500 Reynolds Spring Co.......-1 522,000 Reynolds (RJ)Tob cl B.....10 Common ..........10 2,910 199,800 Richfield Oil Corp.....——* * 37,300 Ritter Dental Mfg 34,500 Roan Antelope Cop Mines- 217,400 22 Jan. 31 86 Dec. 98 Preferred .........100 1,460 53,100 Rels (Robt) A Co..—..—. 1st oreferred 100 8,300 88,500 Reliable Stores Corp.......* 15,600 Reliance Mfg Co..........10 .......1 1,017,230 Kem'too-Rand Pref with warrants—...25 34,500 1,720 Renss A Saratoga RR Co. 100 1,200 Jan. 15 31 8% Dec. 16 83.50 cony 1st pref.......* 198,600 1,511,300 } Radio- Kelth-Orpb Corp—* 81,000 Ray bestoe-Manhattan ......* 1 1,600 Rayonler Inc $2 preferred ...25 1,300 52,300 Reading Company........50 First preferred ...—-.-50 8,600 Second preferred ....50 9,600 5 51,600 Real Silk Hosiery...... - 11 241 ... $5 preferred 8 Dec. * — H9% cont pref 100 27,160 6% preferred-. .......... 28,850 * 433,300 Purity Bakeries 44,600 Quaker State Oil Rfg Corp. 10 * 6,453,400 Kadlo Corp of Amer 2.800 8 Mar. Mar. 19 19 29 Dec. 17 Dec. 28 $5 preferred ........ 3,500 504,700 Pullman Company.. ...... Pure Oil4. 22 Aug. 16 Aug. 14 Jan. 7 Public Sendee El A Gas— 3,435.300 17 2 Jan. Feb. 113] 72] - Pub Ser Corp of N J common * $5 preferred 18 Jan. Dec. Dec. 1 Dec. 2 Dec. 6 Dec. 7 Dec. 6 Dec. 11 Dec. 1 Dec. 8 Dec. 8 Dec. 8 Dec. 3 Dec. 31 Dec. 1 Dec. 16 Dec. 6 Dec. 3 • Plttston Co (The) Plymouth Oil 5 Pond Creek Pocahontas Co. 16 87X Jan. 6 64 July 26 "nr. 20 Jan. 13 Apr. 5 Oct. Dec." 10 Virginia—100 West Jan. 20 Oct. Dec. 3 Dec. 10 Dec. 2 Dec. 11 Dec. 2 Co......—* 7% pref class B .. .. 5% preferred class A 100 55*% 1st ser cony pr pf_100 Pittsburgh Terminal Coal.-l 0% preferred .....100 Pittsburgh United 25 Cony pref (unstamped). 100 Pittsburgh Steel Plttsb 3 Dec. 3 Dec. 23 Dec. 3 Dec. 6 Dec. 3 Co of Italy cony 95% Aug. 31 Oct. 19 5% Oct. 19 Nov. 22 30% Oct. 19 1% Dec.v31 27 Oct. 19 4 Oct. 19 20% Oct. 19 36 Dec. 14 4% Oct. 19 25 Oct. 19 4 Dec. 29 48% Dec. 2 Apr. 23 Dec. 14 ....100 ..25 Am shs Pittsburgh Coal (of Pa)—100 preferred :. ...100 Pitts Coke A IronCorp—* $5 19 15 65 3 _ 2 Jan. 12 3% Feb. 1 14 50 tMlabury Flour Mills PIrelft 2% Oct. % Oct. 84K Dec. 24 65* Dec. 27 8% conv pref—100 Pierce OH Highest 7%Feb. IX Dec. 31 Dec. 17 Dec. 10 X Dec. 1 1,272,000 Phillips Petroleum........ 13,000 Phoenix Hosiery..........-» 2,150 152,800 47,200 1,690 47,100 18,800 6,620 1.490 800 626,800 75,600 26,070 670 Highest Highest Sale Prices Par Shares YEAR 1937 RANGE FOR PRICES IN DECEMBER STOCKS 67 96 Dec. Dec. Dec. Dec. 14 110 9?* Oct. 13 Oct. 19 19 June 9 Mar. 18 115 65* Feb. 26 15* Oct. .19 205* Oct. 19 130 405* Feb. 16 295* Feb. 15 235* Aug. 13 Oct. 425* Jan. 12 25 155 Jan. i3 JAN., 1938] Y N AGGREGATE SALES In 12 Months December ... 22,800 1,600 585,600 Sparks Wlthlngton.. ..........1 39,300 Spear St Co ' $5.50 preferred...—.....* • 23,400 Spencer Ktllofl St Sons 1,900 148,900 9.300 750 80,200 6,470 13,600 154,500 931,500 Sperry Corp (The) . 10,100 42,500 47,100 5,200 21,400 410 51,500 14,300 36,500 ... 159,400 1,707,500 235,900 69,500 14,900 3,500 34,100 24,700 3,300 160 Standard Oil of Kansas 10 Standard OH of N J 25 Starrett Co (The L S)... * Sterling Products Inc.. ..10 Stewart Warner Corp......5 Ask 29 % Sale 44% Sale 25 % Sale 60% Sale 53% 66** 9% 10 73 * 74% 7% Sale Studebaker Corp.. Sun Oil. , ..1 * 6% preferred...........100 Sunshine Mining Co.......10 .... Co (The)..—..* Superheatet 31.900 39,000 42%600 10.900 1,900 300 2,400 80 20,900 523,000 "3"800 78,500 29,000 144,100 669,100 65,600 994,000 27,000 507,000 253,200 538,100 477,500 135,300 574,200 8,800 185,300 18,800 605,950 56,050 119,530 6,350 160,200 200 2,500 8,100 15,600 1,500 46,300 2,700 30,400 29,500 48,900 43,400 3,900 47,700 600 5,600 900 43,250 10,100 2,700 400 18,800 130,300 1,600 16,000 32,450 130,328 28,600 15,400 3,100 2,800 281,600 65,200 121,500 142,450 827,628 866,100 203,100 38,900 101,300 1,793,750 793,300 15,700 700 71,500 1,100 110,700 41,600 2,958,800 283,900 450,900 83,300 1,910 649,500 82,500 206,100 1,404,300 19,100 417,300 6,300 10 18,400 4,000 193,600 22,000 32,900 3,900 370 27,400 3,800 19,500 98,400 1,100 7,600 152,200 7,600 7,700 16,900 143,100 160,100 4,190 182,200 14,500 435,900 269,400 389,100 15,800 14,300 600 200 760 10,000 28,900 340 10,600 1,000 41,400 11,600 14,500 300 34,000 31,400 149,000 37,400 20.620 . 294,600 688,800 1,966,400 383,200 263,420 19,600 For footnote* Sale 21% Sale 29 % Sale 51 51% *41% Sale" 15% Sale ~10H "ii% 9 26 % Sale Sale 34 % Sale 71% Sale 17 % Sale 13% Sale 74 % 76 124 125 "54"" Sale" Sale 33 dlv .......100 Thompson (J R)..........25 Thompson Products • Thompson -Starrett ......* Preferred... ....—• Tide Water Assoc OH......10 cony Ttmken-Detroit Axle Co...10 Timken Roller Bear........* ..5 Tran St Williams Steel Forg* Tri-Contlnental Corp......* 6% preferred.............* Truax Traer Coal..........* 14% Sale 8 Sale 12% Sale Sale 55 8% Sale 38% Sale 14 Sale 12% Sale Fisher..* Underwood Elliott Union OH, California 4% preferred...........100 Union Tank Car....... * United Aircraft Corp.......5 United Air Lines Transport.5 United American Bosch....* United Biscuit of Am......* Sale Sale 123 Sale Sale Sale Sale 5 7% 39% 3% 30% 8% 7% 5% Sale Sale Sale Sale Sale Sale 55% 3% 57 Sale 35 "6% ""7"" 11% 12% 2 4% 14% 2% 5 Sale United Paperboard Co 30% 21 34 Sale U S Diatrib Corp "23% Sale" 73% Sale Preferred 13% Sale 20 20% Sale 20% 9% Sale 109% 8% Sale 108 43% Sale 14 83% Sale 86 4% Sale 93 26 * Class A..................* U S Leather 6% 8 88 Sale 56 3% Sale 98 Sale 10 25% 22% Sale 28% Sale 5 5% 44 52 2% 2% 48% Sale 10% Sale 80 27 22 Sale 85 31% 6% Sale 43% 44% 18% Sale Sale Sale 22% r22% 19% Sale 25% 8 Sale 7% 7 11% 7% 17% Sale 16% 113 111% 113 46% Sale r38% 22% 23% rl7% 4% Sale 3% 34% Sale r29% 7% Sale 6% 10 Sale 7% 15 Sale 110% 111% 7 Sale 18% Sale 94 2% 19 98 3% Sale 17% Sale 54% 38 55% 38% 85 Sale 11% Sale 100 102 30 57 I l* 8 160 Sale 8% Sale 31 39% A 166 6% Sale 27 70 65 8% 1st preferred 100 50 Preferred............—50 84 75 Sale Sale Sale Sale 170 30 Sale 5% Sale 7% Sale 75 Sale 30% Sale 5% Sale 27% Sale 25% 4% Sale 54 46% Sale Sale 23 60% Sale 59 63 58% 68 Sale Sale 63 , 29 28 2 Dec. 29 Dec. 30 Dec. 28 Dec. 2 Dec. 36% Dec. 17% Dec. 3 .29 6 7 74 Dec. Dec. Dec. Dec. Dec. 4% Dec. 102 Dec. Dec. Dec. Dec. 3% Dec. 9 Oct. 20 Feb. 17 44% Dec. 16 77% Jan. 118 Jan. Aug. 6 125 11 7 7 Dec. 8 Dec. 28 Dec. 29 Dec. 29 62 2 5 Dec. 160 Dec. 5% Dec. 29% Dec. 18% Dec. 5 Dec. Dec. 11% 6% 8% 4% 48 64 Dec. 1 10 3 Dec. Dec. 11 8 Dec. Dec. Dec. Dec. Dec. 9 3 3 9 6 2 6 9% Dec. 9 2% 55% 10% 78% 20% Dec. 2 Dec. 21 Dec. 1 Dec. 20 Dec. 3 90 Dec. 3 85% Dec. 6 Dec. 9 Dec. 24 8% Dec. 8 10 7% Dec. Dec. 8 8 1% Dec. 8 8% Dec. 7 9% Dec. 4 74% Dec. 20 57% Dec. 28 58 68 Dec. 29 23% Jan. 20 17% Jan. 21 15% Jan. 8 57% Feb. 2 Dec. 29 14 70 Dec. 28 28% Mar. 8 33% Mar. 31 Oct. Dec. 31% 6% 29% 59% 73 Dec. 28 21% Dec. 29 43% Dec. 29 4 2 Dec. Dec. Dec. 14 3 8 Dec. 28 Dec. Dec. Dec. Dec. Dec. 'Dec. 8 3 8 8 8 3 19 19 19 19 Jan. Mar. 8 Apr. 22 Mar. 15 44 Mar. 30 16% Jan. 22 15% Jan. 28 54% Mar. 6 Feb. Jan. 13% Mar. 55 93% Jan. 2% Oct. 19 13% Feb. 36 Sept. 25 x40 Sept. 1% Oct. 19 8% Jan. 20 Nov. 23 1% Oct. 6% Oct. 13% Oct. 19 10 4 19 19 19 72 Dec. 29 8% Oct. 19 36 Oct. 19 Oct. 15% Mar. 19 25 Nov. 23 2% Oct. 19 39 Dec. 29 7 Oct. 19 5 98% Aug. 13 28% Feb. 11 79 17 4 2 Jan. 11 Jan. 22 Mar. 8 Feb. Aug. Jan. Mar. 21 3 8 40% Mar. 13 Mar. Mar. 13 17% Jan. 22 50 94 25 Jan. 20 Mar. 29 19 6% Jan. 25 100% Jan. 8 8% Dec. 29 18% Sep; 17 61% Nov. 23 111 17% Oct. 19 28% 80 Nov. 23 148% 78 Oct. 19 99% 22 13 Nov. 23 1% Oct, 47 1 4 3 2 40% Jan. 25 21% Feb. 4 19 19 18% Oct. 19 13 28% Feb. 11 10% Jan. 25 22% 27% 3% Dec. 29 11% 82 Dec. 15 109% 4% Oct. 19 12 7 Dec. 29 26% Oct. 5% Oct. 12 8% 15% 65% 9% 3% Oct. Dec. 29 Oct. 19 3 2 39% Jan. 25 20% Jan. 20 55 1 Dec. 16 6 Dec. 3 Dec. 6 Dec. 11 22% Dec. 1 70 19 19 19 19 8 27 28 19 19 7 23 7% Mar. 47% Mar. 11 19 Dec. Oct. Oct. Oct. 61 % Feb. Oct. 83% Dec. 22 52 19 Oct. 4% Oct. 19 4% Oct. 19 6% Dec. 29 41 4 20% July 12 Oct. Oct. Oct. Nov. 22% Dec. 9 6% Dec. 10 9% Dec. 9 4 1% Oct. 8 17% 7% 15% 22% 11 19 9 8 9 5 29 11 19 19 23% 5% 5% 15% 18% 36 24% Dec. 29 Oct. Jan* Feb. Feb. Dec. Mar. Mar. Jan. Feb. 17% Jan. 20 Dec. 3 Dec. 3 Dec. 21 Dec. 22 28 14 Oct. 21 19 27 7% Dec. 29 65 9 18 19 43 19 16% Dec. 1 165 9 29 29 3 4 50 50 Oct. Dec. 2 18% Dec. 9 2 113 Dec. 2 17 47% Dec. 4 Dec. 2 29 23 29 4% Dec. 1 29 34% Dec. 6 29 7% Dec. 4 29 10% Dec. 3 82 22 Dec. 17 28 6% Dec. 3 39 29 Dec. 8 14 x59% Dec. 3 27 11% Dec. 1 2 106 Dec. 30 29 1 5% Dec. 5% Dec. 29 70 1 6% Sale 7% Sale 68% Sale 89 96 90 33% Jan. 19 5% Oct. 34% Oct. 29 x28% Dec. 29 5% Dec. 6% Dec. 29 7% Dec. 28 16% Dec. 31 10 21 46 22 10% Sale 70% 29 18% Dec. 29 54 Sale Dec. 81 28 20% Sale 5% Sale 8% 9 * x68 113 106 15 29 1% Dec, 23 46% Dec, 29 8% Dec. 29 Sale 6% Sale 13% Sale 86 . xl9 6 7 3 39 7 Sale Sale Sale 7% Sale 8% • 9 68% Sale 25 Sale 104 Dec. Dec. Dec. Dec. Dec. Dec. 19 80 Sale Sale Sale Sale Sale Sale 74% 82 5% Sale Dec. 5% Dec. 29 7 Sale 4% Sale 75 3% Dec. 29 82 Sale Sale Sale Sale Sale Sale 5% Sale 65 Dec. 29 6% Dec. 29 8 8% Sale Oct. 19 Dec. 29 Oct. 19 4 15 12% Jan. 14% Mar. 32% Mar. 76 10 44 5 22 8 8 65 Jan. 12 72% Jan. 7 9 38 10% Dec. 15 107% Dec. 23 19 19 2 Dec. 22 Dec. 4 Dec. 11 20 4 15 Feb. 11 Apr. 23 Mar. 8 Jan. 20 Oct. Dec. 84 19 Jan. 2% Oct. 2% Oct. 15% Dec. 3% Dec. Dec. 29 Dec. 29 7% Oct. 101 50 28% 95% 48% 16% 75 5% Dec. 13% Dec. 29 Dec, 29 9% Dec. 29 Sale Sale 19% Sale 26% Sale 3% 4% 35 39% 7% Sale 83 29% 10 72 90 r7% Sale 28% Sale 22% Sale 25 28% 29% 31 2% Dec. 29 Nov. 23 Nov. 8 2 48 7% Dec. 5 8% Dec. 29 49 16 2 Dec. 29 3 Dec. 29 Dec. 29 39 Dec. 29 Dec. 29 Feb. Jan. Dec. 29 6 4 23% Jan. 12 35 Aug. 14 Nov. 24 4% Dec. 12 19 19% 53% 5% 6% 6% 2 57 Oct. 42 8 Dec. 56 36 10 10 6 Jan. 20 Mar. 16 Mar. 17 Jan. 28 Feb. 26 28 28 19 14 Dec. 18 29 2 29 31 94 27 60% Mar. 65% 11% 77% 9% Dec. Dec. Oct. May 5 31 29 1 19 19 19 29 20 % 27% 26% 30% ""I% Dec." 13 "2% Dec". 25 Sale 3% Sale 81% 88 5% Sale 71 126% Sale 2% 9% Sale 20% Sale 86% 88 * U S Smelt Ref St Mg 57 3% Dec. Dec. Dec. Dec. Dec. Dec. Dec. Oct. Oct. Oct. Dec. Sept. Dec. 19 46 4 1% 35% 1% 5% 73% 19% 18 Dec. 29 19 9 9 30% 8% 8% 22% 24 Oct. Oct. 8 8 \ 43% Mar. 17 15 27 Oct. 10% Dec. 8% Dec. 7% Dec. 43 32% Jan. 13 65% Mar. 11 19 14 8 14 29 19 Oct. 8 Dec. 21 Dec. 3 Dec. 4 Dec. 3 Dec. 6 Dec. 3 Dec. 3 Dec. 24 Dec. 6 Dec. 4 Dec. 23 Dec. 2 Dec. 8 Dec. 4 28 Oct. 9 8 Dec. 16 19 17 Oct. 47% 23% 58% 11% 9% 15% 6% 49 17% Oct. 5 10 17% D'ec. 24% Dec. 4 7 8 Dec. 28 55 Sale 12% Dec. 24% Dec. 28% Dec. 32% 2% 16% 21% 16% 18% 19% 8 4% Sale 8 Dec. 7 120% Dec. 15 15% 60 Sale 11% Sale 5% Sale 80 Dec. Dec. 2 Dec. 28 Dec. 29 Dec. 28 7 Sale Sale Sale 6 43 Dec. 28 Dec. 29 Sale 6 1 1 13 29 29 29 29 28 29 16 26 7 Sale Sale Sale Sale Sale 39 3% Dec. 1% Dec. 8 31% Dec. 1 35% Dec. 20 Dec. Dec. Dec. Dec. Sale" 93% 62% Sale 17% Sale preferred.........100 20 U S Pipe St Foundry U S Realty St Impt U S Rubber 24 Sale 3 28 29 2 4% 5% 37% 3% Sale 31% Sale • Co...........20 122% Sale 167 preferred..........100 166 5H% conv pref..........50 U S Industrial Alcohol.....* Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 4% 6% 39% 3% 27% 7% 8% 17% 1% 47% 9% 73% 18% 81% 98 Freight 5 % 27% 32% 33% 42% 19% 53% 7% 6% *7% 4% 44% 8% Dec. 2 6% Dec. 2 6% Dec. 29 41 Dec. 28 2 Dec. 24 Dec. 8 9 Dec. 1 2 107% Dec. 23 8% Sale 6% Sale 6% Sale 39% 49 ----- 17% Dec. 30 12 Sale 18% 22%~I>ec".""8 23% 2% 12% 17% Sale 19 Sale 8% Sale U S Gypsum U S Hoffman Mach 13 Dec. 118 123 14% Sale 26% 27% 2% Sale 11 55 100 Sale 43 5% Sale 35% Sale .....* 47 120 74 Sale 82% Sale ..........* 4% Sale 3% Sale 13% Sale 15% Sale 47% Sale Secur Corp _.* Sale 80 26% Sale 6% Sale 5 10 23 Sale 4% Sale 12% 12% 2% Sale 10% 13 14% Sale 5 * 1% Sale 8% Sale 7% 6 99% 102 7% Sal? * Preferred.... U S St Foreign Preferred 24% 8% Sale 6% Sale 7% 7% 43% 49 ..* United Gas St Impt Co Sale 7 10 5 14% Sale United Electric Coal Cos 54 55 100 United Fruit 20 59 84 .....* 20 3 Dec. 40% Dec. 15 11% Dec. 3 57% Dec. 22 4 2% Dec. 30 •, 3% Dec, 29 8% Dec. 29 17 Dec. 31 21 Dec. 28 33% Sale 31 35% 45% Sale Sale Inc...........5 10 United Eng St Foundry 40. 48% 119% 13% 26% 2% 15% 1 29 Sale 115 * United Dyewood... Preferred Prior Sale 17 55 100 ... United Corp Preferred 7% 6 3 9 15 Dec. 104 21% Sale 24 * Preferred United Carbon United-Carr Fastener Corp.* U S 56% Sale 10% Sale 9% Sale 15% Sale 3% Dec. 17% Dec. 29 7% Dec. 28 Sale r2% Sale 4% Sale 8% Sale 20 103% Union Pacific............100 United Drug 8 3 8% Dec. 29 106% 21 9 Dec. 29 50 Sale 1% Sale Sale Sale Sale Dec. Dec. 29 10 39 38% 37 ..* 25 12% Sale 104 Sale Sale Sale Sale 2% Dec. 29 5% Dec. 29 8% Sale 53% Sale 18% Sale 63% 65% 11% 12% 93% 95 11 Sale 47 Sale Union Bag St Paper, new Union Carbide St Car 2 22% Dec. 28 32 Sale 35 .....* 3% Dec. 39 23 19 Twin Coach Co............l CJlen St Co... Dec. 21 Dec. 6 3 31% • .........100 Preferred 10 16 23 31.50 preferred...........* Twin City Rapid Transit...* Dec. 8% 10% 16% Sale 22 20th Cent Fox Film Corp 30 8% 12% 16% Sale ..10 Truscon Steel Co 29 24 Transamerlca Corp new....2 Transc & West Air Inc Dec. 11% 13 25% Sale * pref 41 Sale Sale Sale 9 19 Dec. 24 Dec. 8 Dec. 8 Dec. 9 12% Dec. 103% 3% 5% 12% 20 22% 23% 14% 24% "i9%"D"ec"."27 39 1 Dec. 7 Dec. 29 Dec. 29 Dec. 29 7 40 pref.........10 cony Third Avenue 34.50 32% Sale 20% 17% 10% 17% 9% 75 25 24 Sale .........1 Sale 11% 31% 33% 33% 45% Highest Sale Prices 37 27% Sale 3% 3% 43 % Sale 48% Sale 29% 32}* 6934 Sale Lowest Sale Price 2% 3% 37% 38 2% Sale 13% Sale 14% Sale 10% 52% 20% Sale Sale Sale Sale Highest Sale Prices A* 42 1937 Sale Prices 27 58 5 Thermold Co 22 Ask 24 67 39 „ 3 21% 18% 11% 18% YEAR Lowest 40% 56 1 .............. 0 37 Sale 65% Superior Steel ......10* Sutherland Paper Co 10 Superior Oil 21 25 Dec. 31 Ask Bid 21% Sale 20% Sale 13% Sale 95 "29% Sale" Stone St Webster. Bid 8% 86 36 Stokely Bros St Co Inc—..1 42,900 relautograph Corp........5 600,690 Tennessee Corp............5 25 2,873,350 Texas Corp (The) • 928,200 Texas Gulf Producing Co .....* 383,100 Texas Gulf Sulphur 10 942,100 Texas Pacific Coal St Oil 755,800 Tex Pac Ld Trust ctfs ......1 100 59,800 Texas St Pacific * 47,100 Thatcher Mfg 33.60 cony preferred......* 6,000 * 37,700 The Fair Co 7% preferred..........100 2,560 2,200 18,100 222,200 26,500 800 Standard Investing Corp...* Stand Oil of Calif * Standard OH Co of Ind—25 23,400 Sweets Co of Aster (The)-.50 25 383,100 Swift St Co 134,800 Swift Internet Ltd..... Symington-Gould Corp with stock purchase warrants. 1 469,200 Without warrants........ 1 272,200 ...9 50,900 Talcott (James) Inc SH% preferred 50 3,450 27,800 10,700 . t C.....1 • 91.000 Splcer Mfft Co 9.530 S3 cony preferred A.......* .........2 1,133,300 Spiegel Co Inc Cony 34.50 pref 34,620 • 1 111,800 Square D Co class B • 24,100 1,031,700 766,633 9,000 2,086,000 32,600 100,700 447,100 71,000 788,500 2,194,500 51,600 5,410 269,000 1,000 146,400 67,400 1,300 259,000 1,900 9,600 22,800 4,300 84,500 97,200 8,200 " v * 1,537,800 Standard Brands 14.50 preferred...........* 10,400 1 187,200 Stand Com'i 1 obacco ..* 1,011,600 £ Standard Gas St Elec 14 preferred ' 849,000 36 prior preferred........* 70,300 37 prior preferred 272,700 ....* 3,100 " Did .. 250 " v Par California 1,731,500 Southern Rail way....... 1 0 478,800 5% preferred... Mobile St Ohio certlfi—M# 5,400 71,800 Spalding (A O) A Bros * 1st preferred 6,160 itt 390 Dec. 1 1937 Edison....25 310,700 10ft 2,244,850 Southern Pacific Co 2,600 RANGE FOR Price Sou 600 39 Jan. 2 Shares 26,600 223,200 112,200 44,600 EXCHANGE—STOCKS PRICES IN DECEMBER STOCKS N. Y. STOCK EXCHAN OE 1937 Shares RTOOK Nov. 24 10% Oct. 5% Oct. 19 19 Feb. 20 Feb. 4 Mar. 16 Jan. 18 31% Feb. 35% Mar. 24% Jan. 4 5 12 31% Feb. 15 30% Jan. 110 Oct. 15 117% Feb. Feb. 36% Dec. 17 91 Mar. 17% Dec. 29 35 2 Oct. 19 8% Jan. 25% Oct. 19 46% Jan. Mar. 6 Oct. 19 16 6% Oct. 19 26% Apr. 74 Dec. 22 106% Feb. 9% Mar. 2% Oct. 19 24 Mar. Oct. 19 63 52 Oct. 19 86% Mar. 9 Jan. Oct. 19 17 101 Oct. 20 113% Jan. 3% Oct. 19 16% Feb. 10 11 6 24% Mar. 0 7 Oct. Oct. 19 19 5% Dec. 29 70 3 17 14 14 8 19 26 8 11 19 14 14 8 Nov. 23 100% Feb. 3 3% Jan. 28 19 % Oct. 4% Oct. 5% Oct. 20 19 20% Jan. 34% Jan. 19 Feb. Feb. 3 4 Nov. 23 137 154% Nov. 4 172 53 5% Dec. 29 29% Dec. 27 13 23% Mar. 22 16% Oct. 19 70 Mar. 22 43% Feb. 9 3% Oct. 6% Oct. 19 15% Mar. 13 19 22% Dec. 14 112 Oct. 19 72% 3% Oct. 18 19% 20 Oct. 19 72% 43% Dec. 29 118 52% Nov. 23 105 65 24 58 Dec. 29 Mar. 17 Mar. 30 Mar. 9 Jan. 12 Mar. 31 Feb. 18 Mar. 11 75% Jan. 18 N. Y. STOCK EXCHANGE—STOCKS SA1 Mon PRICES IN DECEMBER STOCKS Price N.7. STOCK EXCHANGE Jan. 2 hare, Par ,804, 196, U. [Jolted States Steel.. ...-.10# 212, 409, United Stockyards Corp 4, $6 cony preferred— Universal-Cyclops Steel Universal Leaf Tobacco 1; 646, 272, 141 » 100 S Tobacco Preferred 17, 120 United Stores A— * 9?: 56, 878, 310, 6, 11, 7, J Utilities Pow AcfcLlght A V ad sco Sales Corp 1 8: 201, 302, 8, 135, 135, America.* 11 ,647, 205 19 38 431, 9, ,614 8, 583, 26. 125 95 134, 93 9 208 'I 15, 14, i: 40 114 ........—100 .........100 100 Preferred A Preferred B. Waldorf System........... • 434 % Pref with war*.—100 Walgreen Co Walworth * Co. Walker(H) Gooder * W Ltd.* Preferred............... Ward Baking class A.......* * Class B 100 7% preferred B Warner Bros Pictures 93.85 conv Convertible preferred....* Warren Fdry Be Pipe— 41, 91, 267, 807, 557, 800, Sale Sale 116 110 Sale 42 4234 7X Sale 55 * Eisenlohr 111 Co Wesson OH 9t Snowdrift 94 conv preferred __ 106 3 12 130 118 113 76 65 50 12234 135 129 7034 3734 354 Sale 934 Sale 734 834 1654 17 38 Sale 8 Sale 20 Sale 9 40 - 1834 12 354 30 734 834 Sale 134 A* Sale 1534 Sale 2654 Sale 234 »lV* 28 Western Pacific 7334 Sale 91 Sale 121 69 113 116 11234 1734 434 834 154 254 Sale 11134 113 ... ioo ioo ...... ioo .100 834 Sale 1734 234 Sale 16 754 Sale 7934 Sale 255 103 37, ,254 33 5 913, 219, 42, 3t: i; «: .405; ^32! 10, 553, 337, Bt. 5034 Sale I 14634 Sale 14834 153 .* 534% conv pref........100 Wheeling Steel Corp.... * .100 .... prior preferred 110 39 105 120 Sale Sale * 28 ....1 White Rock Min Spgs ctfs..* White Sewing Mach * * preferred 5 Wilcox OH 8c Gas Willys-Overland 6% conv pref 96 cum 2434 Sale 1554 1554 554 Sale 4054 Sale 434 454 Motors... .........10 Wilson 8c Co———* preferred.......100 Woodward Iron Co Sale 9 134 Sale Sale Sale Sale Sale Sale Sale 3434 1354 105 95 9034 Sale 24 105 62 4934 15 16 1034 Sale 80 Is 2434 Sale 2434 Sale 9934 Sale 133 13 Sale 14 3254 34 1234 Sale 2234' 2354 —_ 85 105 90 21 Sale 80 105 59 57 14 854 Sale 7734 80 1534 Sale 234 334 654 Sale Sale Sale r234 Sale 234 Sale 454 Sale 6 Sale Sale 55 Sale 5 50 Sale 1034 2 Sale AK Woolworth (F W)—...—10 63 Sale Sale Worthlngton P 8c M... 35 82 Sale Sale Sale 76 79 62 Sale 100 ..100 6% preferred B..—....100 Prior pref 434% series—100 Prior pref 434 % conv ser 100 Wright Aeronautical Corp..* Wrlgley (Wo) ir Yale 8c Towne Mfg Co...—35 Sale 634 154 234 Sale 1534 834 Sale 934 Sale 154 154 1234 Sale ...10 7% preferred "A".. 4 12 White Dental Mfg Co (S S).20 White Motor Co... 6934 5234 11734 120 75 7234 60 Sale 55 3634 Sale 1554 Sale 1 r Cash sales, x Ex-dividend, International Printing Ink Oorp# 80 Sale om , Sale 7334 7634 1334 Sale 254 y Ex-rights, jferred delivery, 7434 Dec. 1 7 6 3 £934 Dec. 3 2?* 43 Dec. Dec. 24 1834 Dec. 14 12 Dec. 13 354 Dec/ 1 4134 Dec. 13 Dec. 3 A* Dec. 7 5 Dec. 4 14 Dec. 21 Dec. Dec. Dec. 3 6 42 Dec. Dec. Dec. Dec. 2334 Dec. m 234 Dec. 134 Dec. Dec. 28 26 1 Dec. 3 3 1 254 Dec. 134 Dec. 22 30 Dec. 4 7434 Dec. 23 29 100 29 103 118 Ill 1434 354 634 134 234 Dec. 31 Dec. 31 16 9734 1 120 Dec. Dec. 30 11354 Dec. 29 1734 534 Dec. 29 854 Dec. 27 9 134 Dec. Dec. 29 334 2234 Dec. 29 2854 23 Dec. 29 2754 97 Dec. 28 11434 1 135 12434 Dec. 13 Dec. 29 1634 1134 Dec. 2134 Dec. 70 Dec. 90 Dec. 2054 Dec. 90 Dec. 55 Dec. 1434 Dec. 834 Dec. 934 Dec. 154 Dec. 1134 Dec. Dec. 31 Dec. 30 Dec. 9 Dec. 1 Dec. 3 Dec. 8 Dec. 20 Dec. 3 Dec. Dec. Dec. 3 9 8 Dec. 27 Dec. 8 1434 Dec. 3 70 90 Dec. 10 Dec. 17 Dec. 10 2734 Dec. 8 90 Dec. 3 60 Dec. 8 1534 Dec. UK Dec. 3 Dec. 9 8 Dec. 3 9 Dec. 8 Dec. 17 234 Dec. 2 Dec. 454 Dec. 454 Dec. 4954 Dec. 1034 Dec. 34 Dec. 1 5534 Dec. 13 1354 Dec. 13 39 Dec. 6 1434 Dec. 1954 Dec. 3 Dec. 8 334 Dec. 654 Dec. 6 1 1 Dec. 43 Sale 79 Sale preferred........ 100 _.....* 8 Dec. 36 10654 11034 3354 Sale 734 Sale 534% Sale 6 1 4054 Dec. 4 5134 Dec. 8934 Dec. 24 38 Sale , Dec. 454 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Sale Sale 9 34 Sale Sale Dec. Dec. 21 67 Sale Zonlte Products Corp. 3 6 Dec. Sale Zenith Radio Corp 1 Dec. Dec. 63 7734 Sale 1 2 Dec. 10 60 Sale 4354 Sale preferred 3 100 ....100 7% Dec. Dec. Dec. 45 34 Young Spring 8c Wire ......* Youngst'n Sh 8c Tube......* Yel Trk 8c C'ch class B 1 Dec. 10 45 6034 62 2334 Sale 834 Sale 6934 Sale 1334 Sale ... Dec. Dec. 21 Dec.'15 254 Dec. 334 1134 1634 1254 Sale Sale 113 58 Dec. 254 Dec. 254 Dec. 654 Dec. 1834 Dec. 7154 Dec. 654 Dec. 3954 Dec. 1854 Dec. 854 Dec. 234 Dec. 3634 Dec. 534 Dec. 9734 Sale 1534 Dec. Dec. Dec. 74 119 Sale Dec. Sale Sale Westinghouse Air Brake * Westinghouse El 8c Mfg..50 7% 1st preferred ——50 Weston El Instrument..—.* Convertible 100 100 134 30 Sale li* 80 64 Sale 134 2654 73 Sale 5% preferred —30 Wheel'g & Lake Erie Ry ColOO 933 Sale 98 Co. -10 Union Teleg conv a Sale 8534 6% preferred........... 100 95 25 Sale 82 34 1 «: 1654 Sale 1334 Sale 97 .......... Dec. 2 33 44 118 ioo preferred Preferred Sale 354 Sale 934 12 2034 Sale Westvaco Chlorine Prod—.* 29 45 38 3634 3634 Sale 76 Sale 96 Sale ioo Class A 432, 1834 1234 Sale W* 36 65! 6, 4034 Sale 1834 1834 6834 2454 10054 12434 1534 3134 1334 123, 72 7 Sale IS* 33 36 234 354 Sale 234 3X. r634 Sale 1834 Sale 77 Sale 73 Sale 48 193' 41 443 734 Sale 94 10034 1754 Sale 1154 4734 1834 2 Sale — Western Maryland Western 3 Sale Sale 95 121 6% preferred—......... 100 Second 234 434 43s ioo 105 7% preferred 6% preferred Sale Sale 3634 98 West Penn Pow pref 7% 3 14 Dec. 23 Dec. 4 125 113 81 .... West Penn El Co "A" 334 Dec. 2054 Dec. Sale Dec. Dec. 4034 Dec. 31 434 Dec.' 3 2654 Dec. 3 108 Dec..31 Dec. 13 41 Dec. 10 163 3654 Dec. 4% Sale Sale Sale Wayne Pump Co.........—1 Western Auto Supply 265! * Waukesha Motor Co........5 Well 8 Fargo 8c 26 66 preferred-... tWarren Bros Webster Sale Sale 5 1 Wabash 135 Sale Sale 7% 1st preferred... 100 Vlck Chemical Co..........5 ..100 Virginia Klec fc Power 6% pf* Virginia Iron, Coal ScCokelOO 5% preferred ...—100 Virginia Ry Co pref..——100 Vulcan Detlnning —£00 7% preferred....—.—100 Sale 2934 6134 Dec. 21 Dec. 21 2 11154 Dec. 6 454 Dec. 29 254 Dec. 1 50 Dec. 28 1154 Dec. 29 56 Dec. 2 140 Dec. 30 37 Dec. 29 11 Dec. 29 Dec. 11 22 Dec. 29 1754 Dec. 29 2154 Sale 130 Sale Prices Dec. 29 120 Dec. 27 150 Sale 5034 4834 100 ——' Dec. Sale 11734 12234 14334 434 Sale 234 Sale 50 Highest Prices Dec. 29 5554 Sale 106 Sale 52 154 4% preferred i Sale ' Va Caro Chemical 8754 7934 "83"" 160 X 164 X LOO Sale 4 Sale Lowest Ask Bid 11 75 1 —100 100 Preferred Sale Sale 132 169 "7 X Sale — Universal Plct 1st pref Vanadium Corp of Van Raalte Co 166 Ask 1 Preferred........ 790! 77 X 100 7% preferred. U Bid Dec. 31 Dec A 1937 1937 Sale 3954 65 59 2154 734 68 1234 3454 75 1154 Dec. 254 Dec. Dec. 1 £2734 Dec. 3 Dec. Dec. 8 Dec. 2 63 .J!" P 9 Dec. 22 Dec. 7 1954 Dec. 354 Dec. 6 77 8 t Companies reported in receivers] New York Curb MONTHLY AND Exchange YEARLY RECORD RANGE OF PRICES ON NEW YORK CURB EXCHANGE Stock Sales December. 7391■ Shares. 6,840,699 104,178,804 Jan. 1 to Dec. 31 1936 • , 1' : ' .Bond Sales December 14,696,352 134,843,049 ... Jan. 1 to Dec. 31 : —. 1937 1936 $31,646,000 442,361,000 $62,039,000 823,050,000 NOTICE.—Deferreddaiivery, under the rule and cash sales, are disregarded In the month's range, unless they Are the only transactions of the month, and when selling outside of the regular monthly range are shown in a footnote In the month in which they ooour. No account is taken of such sales In computing the range for the year. . AQQREQATE SALES In December PRICES IN DECEMBER NEW YORK CURB EXCHANGE Since Jan. 1 Shares 425 ^STOCKS 23,400 4,200 131,700 17,700 60.800 71.000 49.300 11,100 47,600 7,900 6,780 4,910 100 9.800 600 8.100 7.400 5,200 800 2.400 200 330 200 Dec. 1 1937 Shares ' Par Bid Ask Acme Wire Co v t C........26 Aero Supply Mfg class A * 21 22'A Sale 15K 19K Class B * ... 5H Agfa Ansco Corp com 1 12K Alnsworth Mfg Corp com 5 19 Air Devices Corp preferred....* Warrants Bid - ....... Ala Gt Sou R& ordinary Ala Power Co $7 pre* 16 preferred 5# .__* Lowest Ask 16 3 19K 3K 23 K 20A Sale 22 K 25 8K Sale 1 3K 29K K 74 K Sale Dec. 31 Ask Bid 17 K 3 Sale common. _1 Air Investors Inc common..* Convertible IK 1> 13 h l°H Sale^ 61 70 21K 6K Sale K Sale 2 IK 14K Sale Sale 49 K 51K Sale 100 500 6,300 13.800 1.100 400 " 6,250 650 7,500 1.100 170 4,700 2,100 Class A 180.174 33,900 16,300 18,400 90.850 14,850 122,200 29,300 1,490 141,200 25 Aluminum Co common * 6% preferred ....100 Aluminum Goods Mfg......* Aluminum Industries com..* Aluminium Ltd.......... 4% preferred American Airlines * ....100 Inc....10 Amer Beverage Corp.......I American Book Co 100 ' 4,400 S3 preferred S5.50 prior preferred 850 * ... ..* 128,800 American Centrifugal Corp.l 12,400 1,900 6,100 8,582 22,100 34,450 152,182 Amer Cities Power 4k Lt 49,000 100 13,900 306,000 6,300 2,600 59,600 3,500 12,100 2,200 25 Class A with warrants 17,700 572,400 100 300 150 4,800 ""350 30.700 9,900 89,300 1,100 6,600 600 2,200 5,200 2,300 310 46,800 19,000 57,900 17,500 70 153 . 175,500 81 Sale Sale 14 K 22K American Maracalbo American Meter Co Corp com 10 Seal-Rap Corp com....2 Superpower * American * .... Preferred .....* Amer Thread preferred.. 5 Anchor Post Fence com....* Angostura Wupperman 1 Apex Elec Mfg Co common..* Appalachian Elec Power— Class A Preferred Dec. 15 49* 15K 10 63 9K 3K 66 A* 56 7K IK 36^ 85 K 39 98 K 63 Dec. IK Dec. 23 Dec. Sale 75 56 Sale 30 Sale Sale • 10 870 Arkansas P Ac L $7 pref 40 41 45,500 Art Metal Works common...5 343,200 Ashland Oil & Refining Co.l 500 Dec. 22 Dec. 4 78 K Dec. 21 98 Dec. 15 95 87 Dec. 22 112 Dec. 10 8K Dec. 28 K Dec. 20 23,000 American deposit rects_.£l 130,200 Assoc Gas 3c Elec com ......1 797,100 Class A 1 9,700 15,500 300 ""50 10 101,600 35 preferred..............* 588,100 Warrants 12,800 Assoc Laundries of Amer...* 6,200 V t c common .....* 150 Assoc Tel & Tel class A 110 6K 3K 6K 127,900 Atlantic 10,230 Atlantic 22~400 60 Atlantic Gas Light pref.. 100 260,900 Atlas Corp warrants........ Coast Fisheries....* Coast Line Co 50 93,000 Atlas Plywood Corp........* 337,900 139,800 Austin Silver Mines. 1 Automatic Products Corp..5 35 H 4H 3 Sale 4H 23 21 2 14K Sale IK 11K 26 K Sale Sale 109 K Sale 4 108 K ll" Sale" 4 34 34 K 25 K 38 41X 28 K 27 K 12 K 26 25 K Sale 15K 20 9Q1/ 22 K 28 K Sale Sale Sale 1 K 24 61 Dec. 29 Dec. Oct. Dec. 55 Oct. 95 Dec. 48 9K 3 3K Dec. 14 5 Dec. 13 19 Oct. 2K Dec. 29 K Dec. 29 20 K Dec. 23 7 K Dec. 1 Dec. 29 Dec. 20 2 25 Dec. 30 Dec. 30 22K 2K Dec. 29 61 Dec. 29 IK Oct. Sale 12 Sale 19 26 32 Sale 13 24 20 18 16 "25H 18 Sale 14H 28 Sale 23 26 12 K 22 K 33 Sale 24 29 85 65 14K 65, IK Sale 55 1 36K Sale 10K Sale 96K 47 K Sale 4K 4K 5 K Sale Sale 35 108K Sale IK Sale 8 Sale 8K Sale 10 K Sale _ 73 17 K K 3K 2K 3K 10 K 7K 6K K 79 13 K % Sale Sale Sale 78 Sale 3K 2 3K IK 3K 4K 9K Sale „ 104K Sale K 3K 4K 6K Sale 3K Sale 3K Sale 6K Sale ""8K-Sale 4K 6 Sale 11 3K Sale 2K Sale 1 Sale 4 Sale IK Sale Sale 9 12K 33 K 13 11 K IK 7K Sale r4K 84 73 Sale 8 x20 K Dec. 29 1 | Dec. Dec. 22 Sale 6K Sale 6 29 Dec. 24 Dec. 29 11K 1 Sale Sale 11 Dec. 3K r29 Sale 82 Sale Sale 1 Dec. 3 4K Dec. 1 4 29 1 Dec. 29 8 80 Dec. 7 3 Dec. 29 3K IK Sale 13 K 3K Sale K 2K Sale Sale Sale Sale ' —• K 10K Sale 11 1$ Sale* K Dec. 28 9 Dec. 28 K$ Dec. 28 IK Dec. 28 19 110K Jan. 3 Feb. 10 Jan. Jan. 11 12 K Feb. 13\y\ Feb. K reu. 8 10K Jan. 10 96. 11 4K Oct. 19 23 6 4K Oct. IK Oct. 19 1 7 19 19 66 K Oct. 11K Dec. 14 13 5K Jan. SK Feb. 42 K Feb. 3 1 22 23 14 14 11 20 8 15 19 Jan. 8 5 15K Feb. 8K Jan. 11 Dec. 1 9K Nov. 20 K Oct. 19 13 K Feb. 3 Jan. IK Dec. 9K Dec. 1 I Oct. 19 8 5K Oct. '32 Oct. 19 15 K Oct. 8 5K Jan. 7 39K Jan. 7 732 Jan 2 1K Feb. 1 K May 10 7 Apr. 9 1 332 Dec.. 2 K Dec. 8 r4K Dec. 31 80 Dec. 5 K» Sept. 25 Aug. 13 7 80 Dec. 4K Dec. 20 3 20 Oct. 19 Oct. 19 32 Dec. 9 IK Dec. 3 87 3K 20 99 8K Oct. Oct. Dec. Jan. Jan. Jan. 3 Dec. 8 27K Dec. 29 10 U0K Oct. 2 K Oct. 2 11 53 >K Nov. 100K Oct. K Dec. 2K Oct. Jan. 2K Jan. 20 Apr. 7 Sept. 75K Dec. 8K Dec. 4K Dec. 29 r4K Dec. 31 1 K Dec. 29 K Dec. 4 IK Dec. 23 7 Dec. 8 Dec. 6 Dec. 1 Dec. 20 Dec. 3 Dec. 59 Oct. 20K 3K 2K 4K 12K Mar. 18 2K Mar. 29 K Oct. 75 Dec. 6K Oct. 3K Dec. 7 5 Apr. 21 82 Oct. 1 Dec. 1 14 Mar. 22 38 Feb. 20 26 K Jan. 10 28 K Jan. 4 Oct. 15 Oct. 79 K Oct. K Oct.. 19 Dec. 25* Feb. 37 8 79 11 3K Dec. 27 16 12 14 13 42 23 3 Jan. Jan. May Dec. 24 Dec. 28 105 89K 5K Oct. Dec. 10 Dec. Dec. Dec. Dec. 42 Mar. 18 Mar. 4 Jan. 2 Jan. 28 Mar. 20 May 7 Jan. 12 Jan. 29 Mar. 9 Apr. 13 Mar. 10 Feb. 10 Feb. 20 Mar. 15 July 6 12 Mar. 0 36 K Feb. 11 Feb. 5 32 Jan. 22 25 6K Dec. 16 1 5K Dec. K Dec. 29 K 3K 3K 5K 73 Nov. 25 Dec. 28 IK 24 Oct. 28 Dec. K 11 19 48 K Jan. 112K Jan. Oct. Dec. 31 Dec. 29 6 Dec. Dec. 29 2 Dec. Dec. 29 , 14 27 12K 3K IK 3K 8K 24 6 19 Aug. 10 Aug. 13 7 5K Jan. 4K Jan. 18 22 K Oct. 27 Oct. 10 26K Dec. 75 32K 3K 75 Jan. July Feb. 8 Dec. 9 7K Dec. 1K Dec. 22 2 Mar. 9 Jan. 15 47 Oct. 4 Dec. 29 K Dec'. 4 9 Dec. 30 19 »j2 Dec. 80 17K Dec. 8 Sale 11K Sale 1 Dec. 29 Dec. 4 Dec. 28 Dec. 14K Dec. 101 Sale Sale Sale Sale r70 14K Sale' 6K Sale o Sale 74 19K 4 Sale 3K 12K 8 11 99 Dec. 20 18 K Apr. Jan. 41K Jan. 21K Oct. 25 K 23 19 Sale 27 8K Sale 5K Sale IK Sale Dec. , 27 K 82 22 % 1 xl4K Dec. 29 h Dec 9 111K Dec. 13 12K Dec. 28 Sale 26 23 % Sale Sale K 1 2K 92 34 Sale 24 J 40 9 6 18 K Dec. 30 Dec. 29 22 37 3 10K 22 Jan. 37 Dec. 108 K Dec. I 4 Dec. 28 11 Jan. 17K Oct. Dec.. m June x2 K Dec. 1 Oct. Dec. 29 80 87 7 Dec. 23 } Dec. 28 1 May 5K Jan. 14 34 K Jan. 13 IK Jan. 12 6 27 x2 Dec.. 1 4 23 K Oct. 22 K Nov. 2 Oct. 25 Dec., 1 6 8 24K Dec. 15 27 K Dec. 1 10 Dec. 29 21% 3K Dec. 13 Dec 11 24 Sale Sale 24K 13 21K Dec. 29 7 s2K Dec. IK Dec. 29 Sale 24 K 27 h 29K Dec. 27 K Dec. Feb. 22 10 131 7K Oct. 19 K Dec. 20 2 131 29 19 56K Jan- 1# K Sept. i3 6K Mar. 4 38 May 3 24 50K Oct. 19 77 125 Apr. 22 125 2K Sept. 25 5K 1 Dec. 22 5K K Dec. 27 2K 10K Dec. 21 24 5 Oct. 19 16K 12K Dec. 28 26 K 72 K Nov. 23 177K 105 Dec. 22 119K 14 Oct. 19 17 K 4K Oct. 19 14K 55 K Nov. 24 140 Dec. Dec. 19 K Dec. 28 6 20K Dec. 23 IK Dec. 7 2 53 20 17 23 Ft footnotes see page 53 Dec. IK Dec. Dec. 13 Dec. 29 2K Dec. 29 K Dec. 29 25 Atlanta Birmingham 3c Coast RR Co pref ....' ..100 10,300 1,380 3,400 23,400 6,000 12 7 Associated Elec Industries— , 14K Dec. 23 61 r24K Sale 22 h 24 2K Sale » 2,600 9,000 3,700 55,700 1 15K Dec. 20 1K Sale 28 K 27 K Dec. 48 65 IK 24 2 7 K Sale 3 1 Dec. . 63K Dec. 15 Sale 7 K Dec. 11K Dec. 24 15K Dec. 20 97 h 8K Sale 1 IK 48 3 19 Oct. 19 Feb. 5 Dec. 29 Oct. 1 Dec. 49 , 2K Dec. 18 16 Sale^ 23* Sal* 24 K 56 30 15K 10K 4K 53 11 Dec. 22 8 90 A* Dec. 29 12K Dec. 28 69 2 28 Oct. IK 14K 5K K IK 4 Dec. 16 3 3 2K Dec. 31 1 24 Dec. 31 Dec. 31 Dec. 1 Dec. 1 73 12K Dec. 9K Dec. IK Dec. 14K K« 61K 70K 28 29 Sale Sale 3K Dec. Dec. Dec. Dec. 15 Sale 100 11 24 29 Dec. 22 Dec. 2 12 K 76 68 Amer Republics 1st preferred 3K Dec. 27 K Dec. 27 10K Dec. 21 90 2K 1 ....* Amer Pneumatic Service....* Amer Potash & Chem Corp * Amer 1 Sale IK 7 Sale ....100 4,110 $7 preferred.... ....._* 381,300 tArcturus Radio Tube 1 432,300 Arkansas Nat Gas com * 1,652,500 14 12 17 Sale Sale 107 123 31 39 Preferred 17 Dec. 105 17 K 20K * com common.....lit 245 957.200 39,800 8,700 7,110 46,500 43,200 1.347,400 23,600 70,100 27,700 61,600 89,000 32,200 1 Sale 22K American Gas A Elec 2.360 Amer Investment (111) com..* 54,500 Amer Laund Mack com 20 156,800 Amer Light 4k Trac com 25 7,400 6% preferred ....25 15,425 Amer Mfg Co 1,600 10,200 2K IK Sale Sale K 9 1 ...... ... 25 a 11K Amer & Foreign Power warr Amer Fork & Hoe Co com...* 26,995 Preferred 140,100 American General Corp...10c 23.800 S2 preferred 1 2,300 12.50 preferred ...1 20,200 Amer Hard Rubber Co com. 50 1.400 3 2K IK Sale 4K 25 American Equities Go Dec. 2K 22 K 5K K Dec. Highest Sale Prices Corp Conv class A Class B 1 615 Amer Cyanamtd com cl A.. 10 684,800 Common class B n v 10 140 15",600 5K 3K Amer Box Board Co com 1 10,900 Amer Capital Corp d A..10c 26,000 Common class B .....10c 1,100 500 50 1937 Lowest v 17 51 Allegheny Steel 7% pref._100 11,400 A lies & Fisher lac common.* 9,700 Alliance Investment com * 2,700 Allied Internet Investing * 1,950 S3 conv preferred ...* 3,700 Allied Products Corp com. .10 500 600 300 YEAR Sale Prices Sale Prices 27 Dec. 22 17 Dec. 17 62 * ....... Highest Sale Prices 24 Dec. 28 Dec. 10 ""600 RANGE FOR Price Jan. 2 June 7 4 K Oct. Dec. 3 %> Dec. 2K Dec. 1 19 Dec. 28 Dec. 28 1 IK Dec. 28 14 9 90 11 7 Sept. 21 13K Jan. 30 57 K Mar. 19 88 May 15 4 Jan. 14 29 K Mar. 18 3K Mar. 31 9 Feb. 10 NEW 42 Jan. 2 37,650 4,075 8 Lowest Highest Sale Prices Sale Prices 3 1134 Mar. 22 1634 Aug. 10 Jan. 16 8134 Sale 73 Dec. 9234 Dec. 17 60 1234 1434 334 Sale 634 Sale 134 134 234 Sale 734 834 Sale 13 Dec. 8 17 14 Dec. 28 Dec. 29 17 Dec. 1034 Nov. 23 17 5 Dec. Sale 79 13634 Sale Highest Sale Prices 734 Dec. 28 634 Dec. 29 1334 Dec. 16 Sale 834 7% 734 8 734 * Babcock Be Wilcox Co Ask Bid STOCKS (Continued) Par 78,100 Auto Voting Machine com..*' 49,300 Avery (B F) Sons Co—.....5 13,890 Azton Fisher Toh class A..10 Lowest Ask Ask Bid Bid Sale Prices Dec. 31 Dec. 1 1937 Shares Shares 2,900 2,100 1.090 1937 YEAR RANGE FOR PRICES IN DECEMBER Price MEW TOR CURB EXCHANGE 12 Months 1937 In EXCHANGE CURB SALES AGGREGATE December YORK 15 634 Oct. 2 Dec. 19 Oct. 19 6 934 Dec. 18 6 43 1334 Dec. 16 Oct. Jan. 18 Dec. 19 156 6 Baldwin Locomotive— 7% preferred-... ....30 4,000 Purch warr for com....... 167,000 1 42,500 Baldwin Rubber Co com 43,400 Bardstown Distillery Inc...! 542,600 Barium Stainless Steel—..I 14,800 Barlow A; Seelig Mfg class A.5 44,400 Bath Iron Works Corp—...1 * 3,400 Baumann (L) & Co com 1,000 7% 1st preferred 100 4,600 Beaunlt Mills Inc common. 10 300 $1.50 conv pref—.......20 1,600 31.600 4,100 3,300 33,200 1,000 8,500 — 800 "l",706 26,300 121,000 116,500 1,958 2,600 3,100 5.900 10,400 4.100 40 80 1,400 Beech Aircraft Corp 4 1H 9,400 600 25 3,300 14", 600 •••4 ""675 6,025 6,200 1,400 • 6,500 550 580 50 ' 400 1,300 5 2 24 14 7 Dec. 334 Dec. 165 6 Sale 1434 Sal? 10* sail6 '734 "9" Sale 20 Go common 5 Sale Sale 10 34 148 6~ 15 34 Sale 15 9 Dec. May 17 2734 Aug. 3 *18 2 134 Dec. 24 1634 Dec. 24 334 Dec. 20 Dec. 165 11 434 May 8 1834 July 16 834 Mar. 2 170 Sept. 23 12534 Mar. 10 534 Mar. 3 19 Feb. 19 4 Jan. 22 234 Feb. 6 1554 Mar. 8 3734 Feb. 3 1434 July 12 15 Sept. 13 2434 Feb. 17 10 Sept. 30 41 Aug. 13 11 17 11734 Dec. 15 6 534 Dec. 30 6 3 18 Dec. 27 28 1 134 Dec. 34 Dec. 3 29 11 Dec. 6 14 3034 Dec. 14 8 Dec. 9 534 Dec. 28 8 Dec. 8 21 Dec. 9 154 Dec. 3734 Dec. 634 Dec. 6 Dec. 10 134 31" 36 6 634 334 3 1734 9K 34 634 25 1334 34 Sale 16 Sale rl6 Sale 10 19 Sept. 14 Aug. 81 Mar. 15 5 134 Oct. 19 8 Feb. 16 1H Oct. Feb. 10 21 734 Dec. 1 1134 June 1134 Aug. 4 Jan. 13 103 2 7 634 Sale 7K Sale Bliss & Laughlin Inc com.. 1 155,900 Blue Ridge Corp com $3 opt conv pref ...* 31,200 73,500 Blumenthal (8) Ac Co com...* 6,225 Bohack (H C) Co common.. 7% 1st preferred.......100 3,350 2b 7,800 Borne Scrymser Co 26.900 t Botany Consol Mills com—* 29,800 Bourjols Inc Dec. 11734 11534 Dec. 11734 116 3 Dec. 5 434 6 1734 Dec, 34 Dec. 134 "% Sale 34 Dec. 10 Dec. 1034 1134 30 K 3034 Dec. 3134 116 2 Sale 14 1 134 Dec. 6 1134 Dec. 234 Dec. 17 134 Sale 1534 334 Sale 15 12 Canada.. 100 Sale 2 Dec. 24 19 Oct. 24 11 2K Sale 6 5 Dec. 7} Oct. 5 834 Dec. 20 154 Dec. 2 334 Dec. 8 954 Dec. 1 634 Dec. 31 434 Dec. 28 *3 6 134 Sale com—1 Ctfs for non-voting com. _1 400 7 13 34 Bell Telep of Pa 6 34 % pf.-lOO Benson Be Hedges com—-j BIIm (K W) ft Dec. 29 Dec. 16 11 21 Sale 6 ... - 5 Bellanca Aircraft common.. 1 242,900 IK Sale Sale 434 3] 6j 434 Dec. 23 Sale Convertible preferred 650 625,800 Berkey Be Gay Furn Co 1 Purchase warrants...... 383,400 13,320 Bickford's lnc com 12.50 Conv pref * 2,575 14,500 Btrdsboro Steel Fdy A Mach ♦ 225 Blauner's common.........* 100 19,300 Sale 2K 9% Sale Bell Aircraft Corp common.. 1 Bell Telep Co of Sale 8 134 134 38 3534 534 Sale r234 Sale rl534 Sale 1034 934 34 34 434 334 v Dec. 29 134 Dec. 29 50 Dec. 5 Dec. 28 234 1534 934 34 334 Dec. Dec. Dec. Dec. Dec. 4 Dec. 234 Dec. Oct. 9 Oct. 34 Dec. 334 Oct. 13 434 Jan. 4834 Jan. 4334 Jan. 16 21 18 Jan. 25 30 11 20 18 5634 Jan. 29 19 Feb. 20 34 Jan. 6 734 Mar. 15 11 934 Dec. 28 34 Dec. 10 634 Dec. 10 19 Oct. 4 Dec. 18 30 23 28 19 134 Oct. 3434 Nov. 12 10 18 Bowman Blltmore Hotels- 2,800 1.300 7,600 5.800 21,900 12.306 400 4,500 1,600 1,570 300 34 34 134 UK 634 334 IK 1234 Sale 434 28 300 Bridgeport Gas Light Co....* * 150,800 Bridgeport Machine com._ 110 Sale 134 3 1134 12 634 83 234 Sale 23 3 234 Common...........-...--* 36,700 7,800 24,300 126,600 43,100 58,600 600 34 —.100 preferred..........-100 7% 1st pref— 2d 18 54 ord—* Brazilian Tr Lt Be Pr Sale Breeze Corp Brewster Aeronautical—.. 1 31 1034 Sale """34 """34 11 Dec. 534 Dec. 29 234 Dec. Dec. 234 1434 734 434 Dec. Dec. 16 Dec. Dec. 13 3 2 Sale Sale 34 K 334 4 134 134 2034 Sale 734 834 854 Dec. 29 85 Coupon stock (bearer) 7 Sale 234 Sale 5834 Sale 10 1134 600 4 434 234 134 23 25 1,800 200 Amer 4 Mar. 1 Mar. 29 Aug. 10 Jan. 19 Dec. 31 Jan. 34 234 134 1634 x734 19 19 21 22 Feb. Feb. 16 5 2 Feb. 18 Oct. 154 Dec. 29 16 Oct. 19 2634 Mar. 22 25 Mar. 20 2554 f>ec. 2534 Oct. 13 33 Jan. 18 Feb. 6 134 Dec. 20 3434 Dec. 16 Dec. 29 Oct. Oct. Oct. Oct. Dec. May 2654 Dec. 16 X* Dec. 27 3 33 Dec. 27 1834 Dec. 28 *734 Dec. 14 734 Dec. 15 2034 2034 2134 2134 20 22 20 22 3234 3334 2534 2534 2634 2634 2654 2634 2754 2734 234 234 134 134 134 2134 Dec. 2234 Dec. 3 19 19 14 13 2 1 Feb. Mar. Mar. 11 r. 8 Ltd— £1 Amer dep rets ord bear. 10,900 1,200 2334 2334 3234 32 ... British Amer Tobacco, Jan. 1954 Oct. 2134 21X — Registered 6,200 8 28 7,500 Bright Star Elec class B—_ 94,600 Brill Corp class A — Class B 104,300 7% preferred ........100 23,320 10,500 Brlllo Mfg Co common Class A I,150 British-American Oil Co— — 300 19 19 6 7 234 Jan. 3234 Jan. Oct. 85 91 19 29 28 13 Apr. 31 7 1134 Dec. 8 Dec. 28 34 Dec. 434 Dec. 234 Dec. Dec. 31 Oct. Dec. Dec. Nov. Oct. Oct. 34 634 134 1034 34 Dec. 12 33 9 85 1734 Sale 100 Preferred 140 54 Dec. 8 634 Dec. 29 134 Dec. 28 dep rets ord reg—£1 27 2554 Dec. 9 2634 Dec. 24 Dec. 22 32 British Celanese Ltd— 400 50 20,900 1,350 80,400 20 12,900 4,100 $6 preferred 3,100 900 10,300 300 53| Sale 934 Sale 234 Sale 2234 Sale 5 534 234 234 9 "334 "4" Brown Rubber Co. com... 8 12 48 6 50 pref.25 46 * 84,900 Bunker HU1 & Sullivan..2.50 3,500 Burco Inc common.-.—.--* 106 II,950 Buckeye Pipe Line 42,700 Buff Nlag Ac East Pow $5 1st oreferred 8,150 Dec. 24 Dec. 27 19 5 2 60 — Bruce (E L) Co ........5 * 200 Bruck Silk Mills Ltd 750 3234 Sale Sale 13 Brown Forman Distillery— 50 2,000 4434 Sale 100 107,425 tBrown Co 6% pref 78,725 Brown Fence & Wire com..." Class A preferred......— 2,800 6,800 6 1 1 Nov. 27 Sept. 24 834 May 25 19 Dec. 24 4 Oct. 19 20 Oct. 28 Class B 125 3,950 4,625 1 A Dec. 3334 Dec. ord reg—10s Am dep rets British Col Power class 2434 2434 10634 3~34 ""434 1034 2 6 38 2134 9434 1634 134 3934 Sale Sale Sale 234 '234 "3 734 234 3734 2134 • 3 634 Dec. Dec. 29 Dec. 20 Dec. 23 234 Dec. 60 2,700 800 9 36 39 22 Dec. 28 3934 Dec. 4 Dec. 17 2234 Dec. 11 Dec. 1 101 Dec. 30 21 Sale" 134 1254 Dec. 29 134 Dec. 28 4 —* Gables Be 600 ""loo v t c. 634 434 734 334 234 334 Sale 1 134 X* 234 Dec. 13 20 34 2 Sale 2 Dec. 27 34 Dec. 434 Dec. 2 ~~ 1254 Dec. 134 Oct. i 9 34 Jan. 13 134 Mar. 8 134 Mar. Aug. 3 34 Sept. 234 Dec. 1 2 Jan. 19 "l"306 200 4J4 30 534 3134 434 20 5 5 2234 17 534 5 Dec. Feb. ' 8 6 Feb. 22 1934 Dec. 24 Jan. 1934 Dec. 24 Mar. 12", 800 900 16,500 Sale * Can Indus Alcohol cl A B non-voting * 40 Canadian Indus 7% pref.. 100 452,700 Canadian Marconi Co...—1 15,600 Capital City Products 431,900 Carlb Syndicate com ——25c 1,800 Carman Ac Co conv 434 334 4 334 Dec. 16 134 Sale 834 ; 134 134 1034 2734 734 Sale 20 634 32 K 23",400 100 Sale 434 3 34 Dec. 29 — ..... 20 20 1 800 15,575 7% 1st parttc prof 17,700 Celluloid Corp com 14 334 21 434 1 134 Dec. 3 134 Sale 8 Dec. 27 Sale 1 Dec. 1434 334 21 334 334 Dec. 28 334 Dec. 28 Dec. 13 Sale 3634 Sale 2934 634 1434 20 "934 Sale 334 Sale Sale 1634 25 Sale 134 134 Dec. 15 234 Dec. 27 21 dS 28 89 Dec. 8 Dec. 13 80 Dec. 13 134 2834 Sale 634 63 1134 Sale 2634 Dec. 29 634 Dec. 10 1034 Dec. 29 234 Dec. 29 50 2,320 75 5,475 30,300 2,000 10 990 2,500 100 1st preferred 334 434 6 ....... 1234 '1234 454 Dec. 28 3 Dec. 22 85 Dec. 3 69 434 Dec. 30 '1734 Sale 620 Cent Maine Pow 7% pref., 100 100 1,440 Cent N Y Pow 5% pref 83 —1 1834 19 100 85 8734 Sale 7 Sale 7634 80 11 90 634 78 Sale 1234 2534 Dec. 11 1254 Dec. 21 22 1134 Dec. 30 Dec. 80 74 83 Dec. Dec. 2 Dec. 31 Sale Sale 80 22 Dec. 31 18 75 90 634 Dec. 28 79 Dec. 9 154 34 1234 434 934 434 334 Dec. Dec. Dec. Dec. Dec. Dec. Dec. 31 28 29 28 29 29 14 Dec. 13 Dec. 4 19 Mar 17 Jan. 8 Feb. 16 Oct. 1 JDec. 3 7 7 Mar. 17 Dec. 31 8234 Nov. 634 Dec. 74 Nov. 24 8 Dec. 5 i Mar 1134 Dec. 734 Dec. 80 10 26 22 June Dec. Oct. Dec. Dec. 3 69 Dec. Feb. Feb. I July 1 Jan. Oct. 2 20 Aug. 13 June 1 6 Jan. Oct. 1 69 22 $7 div preferred... Cent Hudson G & E com.. 52,200 Cent Ohio Steel Prod 5,215 Cent Pow A: Lt 7% pref... 334 Sale Jan. Oct. 80 75 20 Feb. 25 Oct. : Sept. 10 634 Dec. 1434 Dec. 334 Dec. Jan : 54 Oct. 78 75 28 69 '1034 Sale Oct. 9 4 23 July 27 July 28 Oct. 334 Oct. 19 2334 Oct. 33 34 Dec. 21 Sale May Jan. 7 19 80 32 134 Jan. 15 21 19 2 134 Dec. 1 1034 Dec. 31 134 Dec. 8 8534 134 22 1*6 -15 1 Mar. 12 25 Jan. 25 Jan. 534 Dec. 1 354 Dec. 16 Celanese Corp of Amer— 925 / Feb. Dec. 28 Apr. 12 .. 2,200 Castle (A M) & Co.— —10 308,700 Cataiin Corp of Amer 180 534 334 3 34 7 1 2334 A stk__ Dec. 29 1854 Sale 1634 234 Sale 134 .......—-- 45,200 3,900 2,300 1,500 5,600 634 14 Class B 5,400 15,600 Carnation Co common 306,800 Carnegie Metals Co com.. ..1 1,190 Carolina P Be L $7 pref— $6 preferred 1,030 526,300 Carrier Corp common 24,400 Carter (J W) Co common. ..1 * 37,850 Casco Products 100 19 18 4 Apr. 14 18 2234 2034 4,625 Canadian Car & Fdy pref. .25 100 Canadian Dredge & Dock. 49,100 5,300 18 Wireless- Am dep rets pref sh £1 8,000 2,900 Calamba Sugar Estate Co.20 5 250 Camden Fire Ins Assn 1,100 Canada Cement Co common * 100 Canadian Canners common. * ""225 8 Mar. l Oct. 34 Oct. Feb. 23 Mar. 4 Jan. 4 Aug. 11 Jan. 19 34 134 34 34 Oct. Xt Dec. 22 7 34 34 16 Apr. 22 34 Sept. 27 3034 Mar. 5 —i Jan. 26 Oct. 90 1654 Dec. 1 134 Dec. 28 354 Dec. 254 Dec. 23 1034 Jan. 36 Dec. 32 $3 conv preferred.... * 1,125 Warrants.... 9,100 28,800 Burma Corp. Amer dep rets.. 27,000 Burry Biscuit Corp.—1234c 42,000 Cable Elec Prod Oct. Oct. 34 Jan. Oct. 3 354 Dec. — 800 Dec. 2 Dec. 20 60 9 8 94 1434 134 Dec. 33 234 Feb. 17 Feb. 25 934 Mar. 8 85 June 7 1534 Feb. 9 2834 Apr. 12 39 [ Feb. 18 , Apr. 1 Cent Be Southwest Util— 5,900 42,400 1,300 4,600 50 425 2,800 396,200 Common.. 513,700 Central States Elec com 7% preferred 9,775 6% pref without warr. 34,100 Conv preferred. 2,675 Conv pref opt ser 1929. 4,600 144,200 Centrifugal Pipe Corp... 50c Sale -.1 Sale 100 4434 2034 100 25 .100 .100 .2034 Sale 234 34 234 Sale 15 1734 734 Sale 734 1034 7 •' 834 H3X4 Sale Sale 13 1534 534 6 634 10 134 54 5 7 354 4 Dec. 8 Dec. 934 Dec. 29 734 Dec. 3 4 Dec. 24 Oct. 19 34 Oct. 19 Oct. 234 Oct. 19 52 19 19 19 19 2734 Jan 3334 Jan 2634 Jan 254 Oct. Oct. 234 Oct. 3 634 Jan 234 Jan 7 Jan Ma Chamberlin Metal Weather 1,800 400 10,000 10,500 75 Foe footnotes Strip Co Charts Corp com.... 675 Cherry-Burrell Corp com see Bare 5H 634 5 10 5 1534 Sale 7 8 834 6 654 634 734 5 Dec. 28 634 Dec. 16 1534 Dec. 28 734 Dec. 8 16 Dec. 4 8 Dec. 27 5 Dec. 28 634 Dec. 16 1534 Dec. 28 19 May 4 1634 Feb. 8 2734 Sept. 27 Jan., 1938] AGGREGATE NEW YORK CUBB SALES In 43 PRICES IN DECEMBER NEW YORK CURB EXCHANGE 12 Months December EXCHANGE STOCKS (Continued) 7,800 Chesebrough Mfg 36.020 44,875 163,200 17,900 3,114,300 220,800 16,400 1,780 4,300 Par ...144 Cities Service common.. Prefer rod.. Bid wmmm — mmmmrn, tk 78 ;t« Sale * 965* 405* 34 . _ Sale Lowest Ask 101 Sale 9 85* Sale 29 Sale Sale 26 27 38 25* 275* 33 26 • 32 28 33 33 30 Sale 31 39 30 35* Sale . Sale Dec. 2 25* Dec. 11 255* Dec. 11 Dec. 28 Dec. 3 Dec. 29 45* Sale 4 165* 19 15* Sale 17 395* 55* Sale 3 45* 305* 32 45* Sale 3 35* 305* Dec. 28 45* Dec. 29 1 rl City Auto Stamping Co.....* 55* 35* Dec. 17 Claude Neon Lights COS® ■mmtm m J 18 15* Sale % Sale Lowest Sale Prices 96 Dec. 1 101 Dec. 21 38 Dec. 28 42 Dec. 8 85* Dec. 28 95* Dec. 3 56 Dec. 18 27H Dec. 29 15* Dec. 29 32 AX Highest Sale Prices 27 ' City & Suburban Homes...10 Clark Controller Co ...1 3,400 16,770 124.200 16,600 66,550 2,200 5,500 Ask Bid Sale 100 Sale 39 5* 365* 2§* iJ* Cltlee Serv Pr & Lt ft pref..» t7 preferred............ ..• 5,300 151,500 4,400 7,500 493.300 Bid 10 .......... Preferred B Preferred BB Dec. 31 Dec. 1 Ask 1105* 113 mi Chicago Flexible Shaft Co..5 Chicago Rivet 8c Machine...4 Chief Conaol Mining Co 1 Chllda Co preferred 1 Dec. Oct. 7 Oct. 19 955* Oct. 56 Oct. 19 275* Dec. 29 15* Oct. 18 185* 25* 925* 55* July Feb. Apr. Jan. 15 8 25* Dec. 1 445* Dec. 28 45* Dec. 24 60 Jan. 8 55* Jan. 8 405* * 11 100 4 com com 475* 37 Sale 6 5* 15* 15* 15* 3 Dec. 1 Dec. 10 14 85* Dec. com * 18 Sale Cockshutt Plow Co Ltd....* Cohn 65* Dec. 9 8c Rosenberger com..* 1,036,000 Colon Development Co Ltd.. 90,500 6% convertible preferredfl 180,050 Colorado Fuel 8c Iron warr 70,700 Colt'* Patent Fire Arms fiMglS Oct. 15* Oct. Dec. 24 13 425* Dec. 20 40 Dec. 41 20 58 Oct. 18 76 24 Nov. 22 Oct. 19 4 6 Dec, 15* Dec. 35* Sale 3 35* 35* Sale 4 18 H 35* Sale 62 Sale 52 Sale 61 Sale 6 Sale 545* 25* Dec. 29 9 35* Dec. 45* Dec. 29 7 35* Sept. 9 Dec. 29 5* Jan. 14 4 17 1 Dec. 4 Dec. 4 Dec. 9 Dec. 17 Dec, 8 Dec. 45 Dec. 14 35* 45* 65* 565* 57 Sale 5 25* Sale 35* 45* 45* Sale 52 525* 375* 55* 85* 15* 95* Dec. 16 63 Oct. • 19 Oct. 23 Jan. Feb. 9 5* Oct. 19 85* Dec. 18 65* Dec. 9 1 17 10 6 4 105* Jan. 25 485* Jan. 12 16 Aug. 10 Oct. 3 8 21 11 795* Feb. 10 155* Feb. 13 45* Feb. 13 40 Apr. 16 35* Mar. 2 2 8 55* Dec. 20 305* Dec. 28 Dec. 4 Dec. 21 Dec. 3 Dec. 24 Dec. 19 Oct. 4 19 19 28 24 55* Dec. 35* Dec. 6 Dec. 29 Dec. 28 32 56 Dec, 22 39 Highest Sale Prices 19 123 Apr. 20 19 765* Mar. 5 3 Cleveland BlecIlium com...* Club Aluminum Utensil 1937 Sale Prices Clayton 8c Lambert Mfg Co..* Cleveland Tractor Cllnchfleld Coal YEAR Jan. 2 1937 Shares RANOE FOR Price 1937 22 2 3 Sept. 24 Oct. 15 25* Oct. 19 Oct. 19 41 Apr. 2 25* Mar. 16 Mar. 2 95* Feb. 4 85* 45* 245* 745* Feb. 8 Feb. 8 Feb. 11 Apr. 6 Columbia Gas 8c Blec Corp— 43.021 5% Conv preferred ..100 883,100 Columbia Oil 8c Gas com 1 Sale 925 Columbia Pictures com.....* 14 143,700 Commonwealth Edison....25 35* Sale 35* Dec. 28 57 Sept. 27 1045* Jan. 25* Oct. 19 105* Jan. 29 275* Sale 29 255* "265* 25 Dec. 29 275* Dec. 3 5* Dec. 20 5* Dec. 15 5* Dec. 15* Dec. 2 June 14 205* Oct. 19 14 8 39 Jan. 33 Aug. 25 20 Commonwealth 8c Sou Corp— 703,500 Warrants 12,193 Commonwealths Distribut..l 10,525 Community P 8c L 1st pref._* Community Public Service— Common 11,750 25 33,700 Community Water Serv .....1 Compo Shoe Machinerv—• 17,900 V t c ext to 1946 Sale 1 15* 56 Sale Sale Sale Sale "18 155* 5* 165* 1 20 Dec. 28 30 Dec. 185* Sale 5* 5* 18 Dec. 21 Dec. 1 Sale 135* Sale 13 125* Dec. 22 145* Dec. 1 35* Dec. 21 35* Dec. 2 * 5* Dec. Sale 61 Sale 30j 5* Dec. 13 Oct. 19 64 Jan. 14 18 Oct. 18 34 Jan. 14 5* Oct. 2 18 85* Oct. 19 Conn Gas & Coke Secur Co 50 $3 preferred * 228,600 Consolidated Aircraft com., f 52,400 Consolidated Biscuit Co 1 38 225* Sale 35* 35* 35* 35* 100 Consol Cigar Corp warrants. 1.521,700 Consol Copper Mines ...5 9 71,200 Con Gas B L 8c P Bait com. 760 5% preferred A 100 82,000 Consol Gas Util com 1 33,253 Consol Mln Ac Smelt Ltd .5 88 74,500 Cons Retail Stores Inc 1 com 4,390 8% preferred 16,200 Consol Royalty OH.. Sale 89 5* 81 J* 9 Sale Sale 525* Sale 35* Sale 77 "25* 166,450 Cont Roll 8c Steel Fdy com..* 3,025 Continental Secur common 24,000 Cook Paint & Varnish Co * 175* 45* Sale 63 4 Dec. Dec. 28 55* 28 695* Dec. 7 115 5* Dec. 28 15* 52 Dec. 59 2 62 68 *98 5* "99" IK Sale Sale 855* 15* 25* 45* Sale 765* 775* 5* Sale 7 Sale r|* Sale 545* 565* 3 35* Sale 70 825* 15* 15* 35* Sale 835* Dec. 18 15* Dec. 9 35* Dec. 28 75 76 5* 55* 795* 5* Sale Dec. Dec. 20 95* 105* 9 29 5* Dec. 1 45* Dec. 28 Dec. 22 35* Dec. 10 835* Dec. 18 15* Dec. 9 5 Dec. 3 795* Dec. 20 5* Dec. 1 8 i ,urd Corp 'I25* Sale" 10 com.. . f> ..... Corroon 8c Reynolds.... ...1 Sfc Con* pref A.. Cosden Petroleum ....-• com 45* Sale 65* 7 87 90 75* 65* 205* 25* 25* 685* ...1 2 50 13 5% preferred......... (iourtaulds Ltd Sale 7 25 Sale Sale 755* Sale 17 65* Sale r45* Sale 19 2,136,300 Engine Bldg Corp Creole Petroleum com 115* 29 3 105* Dec. 4 6 85* Dec. 195* Dec. 65* Dec. 3 Dec. 27 195* Dec. 3 45* Dec. 29 3 7 100 ...6 Crocker Wheeler Blec Mfg..* (The) Brewing Co 1 Crowley Mllner & Co com...* Crown Cent Petrol (Md) Crown Cork Internal cl 5* Sale Sale ... 13>* Sale 45* Sale 2 5* 45* 55* 95* 15* 5 55* 11 15* Oct. 23 19 18 65 15 28 15* Dec. 105* Dec. 31 25* Dec. 8 705* Dec. 31 25* Dec. 8 com Mo) 1 Dec. 7 1 105* Nov. 23 28 4 35 153.650 Derby Oil 8c Ref com.......* $4 cum preferred.........* 4,850 26,400 Detroit Gasket 8c Mfg Co 1 6% preferred w w._ ..20 18,100 71,300 Detroit Gray Iron Fdry com 1 1 36,700 Detroit Mich Stove Co 58,950 Detroit Paper Products.....! 59,000 Detroit Steel Products..__.* 14 155* 195* Sale 30 ►5* 705* 55* 56 Sale 31 1 95* 165* 25 3 45* Dec. 95* Dec. 1 16 4 3 Oct. 4 Dec. Dec. 85* Dec. 5* Dec. Dec. 5* Dec. 7 3 5* Oct. Dec. 2 45* Dec. 85* Oct. Dec 55* Dec. 10 r3 265* Sale Am dep rets ord reg £1 25,100 Divco-Twin Truck Co com_.l 3,650 Dobeckmun Co common....1 103,800 Dominion Steel 8c Coal B..25 85* lH Sale 18 55* Sale 7% preferred...........100 2,720 * 3,061 Draper Corp 23,300 Driver Harris Co common.. 10 350 7% preferred ........100 136,600 Dubllier Cond Corp com 1 8,650 Duke Power Co..........lfo 1,800 Durham Hosiery cl B com... * 1 70,100 Duro-Test Corp<.common Duval Texas Sulphur ..* 10 518,300 Eagle Plcher Lead Co 143,700 (Castern Gas 8c Fuel Assoc.. * 6% preferred..... 100 47,000 4H% prior preferred 100 13,400 2,650 Eastern Malleable Iron Co.25 see page 53. 19 27 25 16 18 22 22 Feb. 10 215* Jan. 23 615* Mar. 11 15 Feb. 10 525* Jan, 7 185* Jan. 12 34 May 15 55* Jan. 12 75* Jan. 18 945* Mar. 16 55* July 6 28 July 7 145* Jan. 35 3 1 Dec. Dec. 1 • Dec. 6 100 56~D~ec~.""~I r\6 Sale 75* 75* 16 Dec. 13 Dec. 15 Nov. 50 Dec. 108 6 75* Dec. 7 75* Dec. 29 175* Dec. 28 4 56 Dec. "35* Sale' 95* Dec. 20 165* 19 8 Sale 55 Sale 65* Oct. 1 5 Dec. 23 16 056 Dec. 6 Dec. 28 85* Dec. Dec. 29 Dec. 29 4 16 Sept. 56 Aug. 85* Dec. 22 3 60 155 185 2 5* Dec. 9 ^ 25* Jan. 5* Oct. 55* Oct. 100 10 3 29 9 35* Dec. 95* UK 15* 25* 25* 19 105* 14 15* Sale Sale 23 8 9 135* Sale 15* Sale 2 25* 25* Sale 16 Sale 75* Dec. 29 125* Dec. 13 15* Dec. 29 2 Dec. 28 2 Dec. 29 155* Dec. 28 Dec. 705* Dec. 4 1 95* 135* 15* 25* 35* 16 Dec. Dec. Dec. Dec. Dec. 23 1 Dec. 19 Nov. 23 Oct. 19 Oct. 19 56 Dec. 4 16M Dec. 22 10 9 305* 315* 95* 255* 265* 45* Sale 135* Sale 135* 14 9 95* Dec. 265* 275* 25* 35* 105* Sale 14 145* 255* Dec. 3 10 13 18 Dec. 17 Dec. 29 9 255* 45* 13 5* 165* Dec. 16 Nov. 24 2 15 32 19 19 Dec. 29 Oct. 19 Oct. 9 16 9 Nov. 19 Apr. 7 1 0 1 13 9 195* May 6 4 11 10 May 6 2 16 Feb. 19 355* Sept.29 105* Sept. 20 30 Apr. 16 105* Jan. 8 Nov. 19 Feb. 105* Jan. 64 29! 51 29 Feb. 35* May 21 22 J 28 ] Dec. Oct. Jan. 20 10 15 135* Dec. 21 May 7 85* July 19 89 July 31 255* Dec. 18 25* Oct. 19 83 125* Sale . 87 15* Oct. 2 Oct. Dec. 18 Dec. 1 Dec. 1 Dec. 22 _ 185* Feb. 16 Dec. 28 75* Dec. 29 13 Feb. 6 Feb. 11 5* Feb. 26 285* Apr. 33 Apr. % July Nov. 17 25* Oct. 19 525* Nov. 4 12 165* Dec. 22 9 June 29 Jan. 9 Feb. 18 155* Jan 6 105* Sept. 20 95* 8 Feb. 20 Jan. 11 Feb. 3 25 Dec. 22 Feb. 25 16 5 17 Dec. 14 85* Sept. 24 4 32 ,?8 15* Mar. 12 Dec. 3 100 Jan. 20 Dec. 10 Dec. 16 Dec. 20 18 100 Dominion Textile Co com...* Douglas (W L) Shoe Co— For footnotes 25* Jan. 265* Jan. 15* Dec. Dec. Dec. .....100 73,800 Oct. 1 Mar. 10 Jan. 22 Jan. 8 115* Mar. 31 895* Jan. 8 115 Dec. 8 45* Mar. 12 100 Mar. 9 50 "4" Sale' 400 Dominion Tar & Chem Co..* new 205* Oct. 6 common..... 10 Preferred .........10 Diamond Shoe Corp com....* Distilled Liquors Corp.....5 5H% pref 35* 45* Sale 95* Sale 15* Sale 6 Sale Distillers Co Ltd— 120 215* Dec"." Sale 985* 103 175* Sale 4.700 Sale JX 10 98,400 Darby Petrol Corp.........5 3,500 Darenoort Hosiery..... 113,600 Dayton Rubber Mfg....... Class A 35 12,370 400 Defiance Spark Plug com.. 20,500 Dejays Stores Inc common. 3,570 Dennlson Mfg 7% pref.__.100 2,035 8,100 38 15* Feb. 3 385* Aug. 14 Oct. „5* Dec. 35* 5* Sale ' Nov. 24 115* Dec. 15 5 Cusi Mexicans Mining 170 De Vllbiss Co 63 Oct. 15* Oct. 19 105* Dec. 31 6 50 505* 1065* Sale com v 50c 200 Sale 6 Sale 6V{% preferred.........100 i 14 15* Oct. 14 5* 23 10 "14"" "ie" Ouneo Pre** Oct. 35* Oct. 19 175* Nov. 22 45* Oct. 19 2 17 t c... * Curtis Mfg Co 19 Oct, 13 85* Dec. 27 2 23 33* 19 1025* Jan. 19 15* "Dec"" 17 "25* D"w".""6 115* Dec. ..25 Crystal Oil Ref Corp com...* 6% preferred 56 Sale 5 A Drug common....25c Preferred Cuban Tobacco Oct. Oct. 2 Dec. Dec. 175* Jan. Dec. 31 105* Jan. Mar. Dec. 18 135 35* Jan. Oct. 19 Oct. 19 175* Mar. 4 Dec. 20 Sale 5* 225* 75* re«. Croft Crown 19 20 56 Oct. 4 Cramp (Wm) 8c Sons Ship & 6,400 446,300 199,000 746,400 2,600 14,300 27,400 189,600 3,750 16,400 4,150 9,900 7,100 1,700 1,450 3 835* 15* 25* 695* 8 22 15* Sale 25* 705* Sale 15* Sale 105* Sale 2 Oct. Oct. 25* Mar. £> Am dep rets for ord stk 9,625 315* Sale 1 5* Oct. 19 485* Nov. 23 52 * . .... Copperweld Steel 60 110 85* Dec. 27 10 Oct. 195* June 14 25* Oct. 19 8 5* Jan. 35* Oct. 19 Dec. 55* Dec. 4 195* 31 Dec. 14 Dec. 6 Dec. 8 Dec. 2 $4 preferred............. Cooper Bessemer Corp com. $3 prior preferred.... Copper Range Co.. 675* Sale 1 100 120 Sale 114 ..10 725,800 Consol Steel Corp common..* 3,375 Cont'l G 8c B 7% pr pref 100 34,500 Continental OH of Mexico.. 1 144,300 6,500 51,900 8,600 600,800 56,000 6,000 165,100 13,600 5 655* 56 Jan. 8 25* Jan. 25 5* Sept. 29 56 Oct. 18 Jan. 20 July 22 Aug. 16 Mar. 175* Apr. 8 9 75 33 35 17 *3l"" 17 104 "35* "'35* 68 1 70 15* 15* 655* 5* 7 "65* ""75* 22 Sale 65* Sale 605* 6< 695* Sale 65* 10 35* 25 195* 16 Sale 16 53 295* Sale 14 18 495* Dec. 29 155* Dec. 29 Sale 15* 69 1 Sale 65* Sale 35* 31 Sale 54 Sale 104 ""l5* Sale" 65 66 5* 65* 15* Sale 8 Sale 85* Sale 25* Sale 27 49 Sale 505* Dec. 31 Dec. Dec. 22 5* Dec. 27 65* Dec. 11 2 65* Dec. 85* 25* 255* 485* 7 Dec. Dec. Dec. Dec. Sept. 20 Aug. 11 195* Dec. 14 16 Dec. 31 50 Apr. 16 57 17 495* Dec. 29 96 Jan. 1 104 15* Dec. 23 64 3 100 Sept. 23 82 23 28 29 15 Dec. 28 Dec. Dec. Dec. 3 17 1 15* Dec. 23 69 Dec. 10 52 5* Dec. 27 75* Dec. 21 4 9 Dec. 30 105* Dec. 8 3 5* Dec. 7 315* Dec. 1 54 Dec. 1 8 Dec. 11 11 425* Jan. 23 104 Dec. 1 111 May 7 65* Feb. 11 15* Oct. 18 14 Oct. Oct. 19 19 5* Dec. 27 Oct. 18 35* Oct. 19 7 19 2 Oct. Oct. 19 255* Dec. 29 485* Dec. 15 7 Dec. 28 79 Feb. 5 15* Mar. 9 75* Mar. 1 105* Jan. 13 275* Feb. 23 105* Jan. 19 Jan. 18 80 Jan. 265* Feb 71 18 25 NEW 44 Shares 74 0 e 750 ,}§400 a 4,590,700 Edisoe Bros Stores Eisler Electric com , AQn . 425 350 250 10.650 2,550 425 2,525 15", 200 900 12% 11 98,oUU Ferro Enamel Corp com.... 1 '196 piat Amer dep rets 16 Dec. Dec. 11 ... 106 Ford Hotels Inc.. 34** Dec. 16 36 38 31 28 5 Fox (Peter) Brewing Co Dec. 30 Dec. 10 36 5% DeC. 2*| Dec. 8 3 8 Sale 8% 3 7% Sale 21 13% "4b" Sale §40 ... 1.600 Gatineau Power Co —15 Dec.' Dec. Dec. 23 Dec. 23 21 20 13 20 19 19 60 6 26 Oct. 6 77 81 19 Mar. 4 Feb. 19 13 72** 74 31** 195* 2% 11** Feb. Feb. Mar. Jan. Dec. 1 20** Sale 6 17% % Sale 53 53% 7% Sale 3** Sale 6% Sale 20** 21 5 5% 7% Sale 21 Sale 15 55 r5% Said 16 11** Dec. 21 Dec. 29 3** Dec. 15 Dec. Dec. 31 7 Dec. 1** Oct. 23 Dec. 5 4 Dec. 21 5J* Dec. 11 9 Dec. 22 23** Dec. 10 % Dec. 21 Dec. 17 5** Dec. 28 *& Dec. 1 54** Dec. 28 Dec. 28 50 14 Oct. 16 Dec. 29 5 17** Dec. 7 % Sale 2% 2% 10% 9% 10 5% Sale 2** 2% 6% 8 4% 5% 18% 7% Sale 14 k 15 Sale 11 6% 14% 8% Dec. 29 5** Dec. 14 2** Dec. 21 19 19 19 21** Oct. 19 Aug. 13 11) Dec. *9 18 Oct. 3% Oct. 41 2 Dec. 8 15** Dec. 30 2% 8% 5% Dec. 2% Dec,. 21 Oct. 19 9% 8 5 ...100 3% .... "2" Sale" Mar. 10 Feb. Mar. 2 3 Aug. 18 Feb. 20 Mar. 20 47% Feb. 6 18J* Feb. 24 1** Jan. 26 82 5* Jan. 12 18** Mar. 17 92 Mar. 8 Feb. 4 11** Aug. 13 295* Feb. 11 31** Jan. 23 65 Oct. 4% 3% Dec. 27 4% Dec. 6 3% Dec. 27 14 J* Feb. 16 7% 14% r' 6% Dec. 27 Dec. 15 6** Dec. 27 14** Jan. 8 Jan. 7 ih Dec. 8 Dec. 28 14 8 8} Dec. 29 Dec. 3 8 70 172,200 General Alloys Co • General Elec Co of Great Brit Feb. 4 Feb. 23 Mar. 11 8** Feb. 4 5*4 Jan. 22 14 19 all** June 3 2** Oct. — - Dec. 6 Oct. 11** Dec. 8 Dec. 28 23 1% Sale 1% Dec. 29 19 21** July 24 Mar. 5 105* Dec. 8 75*4 Dec. 15 65* Feb. 3 Oct. 13 8 Dec. 29 65** Oct. 26 1** Oct. 19 98 Oct. 13 23 10** Oct. 19 25** Aug. 14 4 64** Jan- 29 90 8** 13 Nov. 23 51*1 16 6% 3% 1** 3% 45** 275* 19 Oct. 161* Oct. 19 4** Dec. 21 7*1 Dec. 29 15** Oct. 19 13** June % Oct. 19 Feb. 13 16 11 28 8 47** Feb. 9 19 Oct. 7 3 Dec. .30 Sale 16** 5% Sale Oct. 19 19 5 15** 15** 2 19 % Dec. 17** Sale 17% 18% 10 19 % Oct. 19 ** Aug. 16 10 Dec. Oct. 8 Dec. 18 Dec. 29 19 24** Oct. 8 Dec. Dec. 2%. 6% 19% 4% 7% xl9% 13 Nov. 5 Oct. 19 5* Oct. Dec. > P 53 3 1 11** Dec. Dec. 16 ** Sale 5% 8% 9 ** Sale Jan. Oct. Dec. Dec. % Dec. 21 Feb. 6 Feb. 10 Mar. 29 Mar. 3 Oct. 10 28 22** 17*4 5** 40** 24 Dec. 29 ' Jan. 22** Oct. 36** Dec. 29 com... S% Preferred Oct. Oct. 1** Oct. Sale 18** 20 5 36% Gamewell Co 16 conv pref...* pref 7H Jad. 14 98** Jan. 22 Oct. 10 1% Dec. 41** Sale .1 - 19 1% Oct. 60 22 7 54 Fruehauf Trailer Co........l common 14 25** Oct. 26** Oct. Dec. 23 13 7 12 19 Dec. 24 8% Dec. 10 13 19 Dec. 27 27 28 Oct. 22 10** 31 27 33 6 15 18 18 11 8 21 13 2% Oct. 22 Dec. 31 24** 33** 40** 41** Jan. Mar. 4** Jan. 28** Jan. 87% Jan. 80 Feb. '11** Jan, 9% Jan. 80 Jan. 24 19 19 2** Oct. 1% Oct. 39 8 13** Jan. 23 50 Oct. 19 47 J* Nov. 24 9 9 % Dec. 29 Froedtert Grain & Malting tnn 6 4% Dec., 4% Dec. 38 Dec. 58** Dec. 21 42** Dec. 10 61,5UU Franklin Rayon Corp com..l 41,000 21.550 8,000 Conv Dec. 16 x30 Sale % Sale Sale Sale 2% 6% Ford Motor Co, Ltd, ftnn 15 33 36** 38** 45 10 10 ""%""% Amer dep rcts.-Ord red Ml 8.4UU pord of France Am dep rets. enn 3 10 Dec. 22% Sale 23% 25% ........ onn Dec. Dec. 55 ...... 300,500 Ford Motor of Canada cl A. 7,895 Glass B. 162,200 Dec. 27 . 7 Sale 8 Sale 22** 23% 11% 62 12 6% Jan. 82% Jan. 82** Jan. 28 28 19 17 19 ** Oct. 19 5% Oct. 19 7 % Dec. Dec. 40 1 8% 28 20 " 22 19 Sale 12% 4 1% Dec. 28 '10% "8% "16"" ~48% 38% 272,200 Fidello Brewery \ Fire Assoc of Phila ..10 445,200 Fisk Rubber Corp common.. 11.130 Preferred 100 38,575 Florida Power St Lt f7 pref. 1 rjn 77 31 32 28 33** 38** 49** 1 100 93,400 Faistaff Brewing 24,^oU Fanny Farmer Candy com.. 23,900 pansteel Metallurgical Corp* 20,700 Fodders Mfg Co common....5 90 Dec. 28 1% Sale Sale Palrchild Aviation com..... 1,200 2,300 77 1% Dec. Dec. Dec. Oct. Dec. Oct. 22" "Dec ."24 74 46** Ei-Cell-O Aircraft k Tool..3 At 1,600 1,450 2,400 2% European Elec Co of Can— 116,100 "i",606 2% Sale 2 75 37 175* 18% 2% Sale 7% preferred— of 3% u "4** Sale" 11 53 73 opt,on warrants......... 100 3 50 22 otft'onn 286,900 1 Rd 7,600 SH 1% Sale •7Q?'ann _ 17,300 Sale J- 18% 16 793,800 Brans Wallower Lead 600 4 76% Sale Empire Pow Corp part stk..* Bmsco Derrick & Equip Co.ft Equity Corp common.....10c Esquire-Coronet...........1 Eureka Pipe Line... .....50 ... 0. 790 50** Sale 33 33 12% Sale 5% Sale 96** 07% 69 Sale 30 150 8 6 13 29 29 29 29 29 28 29 28 Sale Prices 1% Oct. 18 15 Dec. 8 12** Dec. 10 Dec. 17 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 7 11 56 30 766,2UU 5** Dec. 16 3 12 10 2%. 2% 28** 4% 1% Sale Sale 1** 8% 48** 3% 70 34,100 5,750 1,200 6.800 Sale Electric Shovel Coal Co— 37 ,»UU "6,700 pf A...* 6^% preferred 16 2 3% Dec. 31 Sale 75% Sale 69% Sale 200 4,900 2,000 1,500 ... °Pt!on warrants.. Ann 3 11** 1** 8** 53** 13 Sale 100 11 Sale 3% 11 Sale 52 71 11 1 23 % Dec. 24 Dec. 16 53 1.510 Empire Dlst Elec 6% pref. 100 26,475 Empire G St P 7% prof. 100 12.565 8% preferred .100 \ 'StR 4% preferred...........100 """loo 1% Dec. Dec. 28 Dec. 28 16 11 58 Sale 72 ** Sale 9% 10% 7H 85* »9o0 14 participating pref...., 14,000 Electroftraphlc Corp com...! 43,800 Electro! Inc v t c.._. 1 5,850 Elgin National Watch Co..15 1,000 1,215 21,700 80 * 30,200 Electric Shareholdings com.l 6,475 Conv pref with warr...* 200 550 5 .. an'onn 5% 1] 35* Sale 22** Sale 15 preferred... Electric Power Associates...1 & Lt 2d Sale Lowest Sale Prices 12 1 »6Prefcrwd 40,900 60,700 class A. 12.210 ElectricPow 1,500 3,000 4,800 22,200 12 12 Highest Sale Prices 1% Dec. 28 Sale sale Sale Highest Lowest Sale Prices Ask rl6% 22 % 5 2 Electric Bond & Share »a«s 43.200 425 . "" 31 . Ask Bid 1% 1% Sale Bid Ask Sale 80 35,450 Baiy Washlnf Mach class B.* ,S'7Xa Economy Groc Stores com..* 6,550 9,800 4,300 14,200 11,900 1,380 3,200 5,300 S7 preferred series A......" S4 preferred series B_. * Dec Dec. 1 1937 Bid 6 n'zTen 776 1,800 3,100 253,800 Price Jan. 2 STOCKS {Continued) • Par llo.UUU Saitern States Corp com....* 8,100 1,125 RANGE FOR YEAR 1937 PRICES IN DECEMBER NEW TORE • CURB EXCHANGE 12 Months 1937 December EXCHANGE CURB SALES AGGREGATE In YORK 10% Dec. 8 75** Dec. 15 2% Dec. n. 23,600 200 American dep receipts 19** Sale 13 ** Sale 23; 20; 93,150 Gen Fireptoofing com... Gen Gas & Elec— 4,250 900 $6 conv pref ser B 294.500 Gen Investment Co com....l 4,000 86 Preferred...........-.* "5,766 83 58,300 Warrants...".:! I. 1.745 Gen Outdoor Adv 6% pref. 100 270 ""6O6 19,500 850 5,900 10", 400 25 6,800 150 900 4,900 700 4,200 600 5,400 19 2 Sale Dec. 50 1% 1% 11** Sale 40** 50 1 l»2 Dec. 1 Dec. 10 40 37** Dec. 20 1** Dec. 8 11 Dec. 28 1** Dec. 135* Dec. 7 6 88 1% 1% 12% Sale 40 5% 28 8 6% 31 28 Dec. 89 8 13 4% Dec. 13 7% 4?« 39 6 \% 43 7 Dec. 4% Dec. 13 32 73** "Dec." "2 11 Jan. 1** Mar. 8 ** Dec. 13 Feb. 23 Oct. 19 100 Jan. 18 '32 Oct. 14 5 96*? Jan. 8 75 Nov. 37** Dec. 20 100** Mar. 8 3 *| Feb. 1 1 Oct. 19 8** Oct. 19 22** Feb. 1 14 51*1 Jan. 6 45 Oct 79 Dec." 11 Oct. 85 65 Oct. 545* Nov. 38*1 6 8 43** 7% 6 Dec. 29 Dec. 19 1 359,000 GoldfieldConsol Mines _nn 83 preferred.. 40** 29 14 6 x 43% Sale ....* 28 Sale 30 12** Sale 5% Sale 28.** 27% rl2% Sale 5 27 11 Dec. 27 Dec. 28 Dec. 22 19 16 Dec. 16 Dec. 3 38 Oct. Oct. 19 2 45*4 Feb. 12** Aug. 17 28 Feb. 4 7% Dec. 30 6** Dec. 3 5 19 31 Dec. 4 13** Dec. 17 7** Dec. 30 5 Oct. 19 24 Oct. 20 9% Oct. 5%. 5% 33% Sale Gorham Mfg Co— 43,700 'V t c agreement extended.* 26% Sale 546,400 Grand National Films Inc..l 3% Sale 13 % Sale 35,925 Grand Rapids Varnish Corp * 67,100 Gray Tel Pay Station com.. 10 20 20% 5,275 Gt Atl & Pac Tea 1st pref.lM 22,340 Non-voting common stock * 114% Sale 21,100 Great Northern Paper Co..25 37 H 38% 143,500 Greenfield Tap k Die com..* 9% Sale "2% "3% 20% 24 2** 19** 19 17% 19 1** Sale % 9% 9% § 5 5% 6 WH 119H 119** 46** 30 31 32 5% 6** 7 J* Oct. 15 51 Dec. Dec. Dec. Dec. ** Jan. 2 27** Dec. 2** Dec. 14 20** Dec. 19 Dec. 31 Sale 15** Dec. 13 ** Dec. 29 15** Dec. ** Dec. Dec. 22 4** Dec. 29 10 Sale 3 26 Sale 27** Dec. 2% Dec. 20** Dec. 8 120** 117 48 45** 31 32** 5% 5** Dec. Dec. Dec. Dec. l**Dec. Dec. 8 5% Dec. .13 120** Dec. 28 28 54 Dec. 24 3 32** Dec. 23 17 6% Dec. 19 5 25 Dec. 2 Jan. 15 Apr. 12 4** Jan. 18** Jan. 22** Jan. 128 Feb. 117** Jan. 47 Apr. 16** Apr. 4** Dec. 116*4 Oct. 45 J* Dec. Oct. Oct. 4 12 Feb. 26 33** Aug. 17 Oct. 27 Jan. 19 39** Feb. 2 107 Feb. 6 Feb. *At 27** 2% 20** " Nov. 1 Feb. 18 Oct. 90 '"** Dec. '""** Sale 1 25 Goodman MfgCo.... ..50 28,900 Gorham Inc class A com....* 3,670 13% 55 6 43 7 3 7** Dec. 30 . Feb. 25 11*4 Apr, 15 36*4 Apr. 26 6 95** Jan. 8% Dec. 16 38** Dec. 30 7 19 107 4% Dec. 13 32** Sept. 27 - 350 Gladding McBean & Co.. 214,500 Glen Alden Coal Co ...* 21,640 Godchaux Sugars class A...* 74,510 Class B ._* 1,160 87 preferred........... .. Feb. ... Jn 2,500 37,000 ** Dec. **» *»2 40 i?5 85 preferred * 33.235 Gilbert (AC) Co com.......* 2,930 Preferred.... 2,400 Gilchrist Co * "l",306 19** Dec. 14** Dec. 65 3,040 , 11** Dec. 29 56 in Sale Gen Tire & Rubber— 6% preferred A—......100 1,300 Gen Water Gas St Elec com. 1,100 83 preferred ♦ 10,600 Georgia Power 86 pref.. * „ 310 70 800 100 Sale 65 48 100 % Sale 1,770 General Pub Serv S6 pref * 25,900 General Rayon A stock....* 85,000 General Telephone Corp...20 7,000 83conv preferred.........* 100 rll** 50 . 1,300 1,300 Dec. 28 19 ... . 14,400 19 ** Dec. 13 23 19% £1 20 28 5 5 14 6 23 Grocery Stores Prod— 500 1,900 42,300 """140 200 2,600 900 53,100 Common ...25 c 27,400 Guardian Investors common 1 534,800 Gulf Oil Corp 25 535 Gulf States Util 56 pref.....* 560 85.50 preferred...........* 1,950 Gypsum Lime & Alabastine. * 45* Sale % Sale 58% Sale 13 74,100 Hall (C M) Lamp Co.. 7,900 Haloid Co.. * 5 150 Hamilton Bridge Co com.l..* 14** ML 3 % 37% Sale "6 Dec. 29 J* Dec. 22 35** Dec. 28 3** Dec. 27 ** Dec. 39** Dec. 33 68** Dec. 7 Dec. 21 31 70" ""Dec"." 7,8% Nov. 19 c7 Nov. 19 3 37** Sale 7% 2H 2% Sale 2** Dec. 28 15 7% Dec. 21 3 Dec. 3 14 Dec. 10 50 900 2,700 3,200 11,100 8,000 500 25,900 """166 100 50 4,700 1,100 "*"100 1,900 4,700 1,000 Hartford Electric Light....2ft 6,600 Hartford Rayon com v t c 1 46,300 HartmanTobaccocom.no par 77,800 Harvard Brewing Co 1 32,300 Hat Corp of Am cl B com 1 41,800 Haseltine Corp 58,900 Heam Dept Stores common.5 7,100 6% preferred 50 555,800 Hecla Mining Co 25c 22,300 Helena RubenstelnInc.....* 6,400 Class A * 4,700 Heller (WE) & Co common..2 750 7% cum pref w w__ ..25 16,300 Hewitt Rubber Corp com...5 15,800 Heyden Chemical Co .....10 100 Heywood Wakefield Co 25 4,600 Hires (Chas E) class A com..* 17,900 Hoe(R) & Co class A ...10 91,300 Holllnger Consol G M 5 For footnotes see page 53. Oct. 19 ** Dec. 22 Oct. 7 19 Dec. 21 2** Oct. 19 6 1) 63) 95 90 Jan. Jan. 25 12 Jan, 25 Jan. 26 Feb. 9 17** Apr. 5 7** Jan. 25 11 12 Dec. 28 Jan. 11 Dec. 28 24 8 11 Handley Page Ltd— 400 Am dep rets part pref....'8s 5,300 3 Sept. 27 15*4 Aug. 12 15 10** Jan. 28 Dec. 27 1% Dec. 15 ** Oct. 70 Jan. 22 2** Nov. 22 3% Apr. 10 4 Jan. 19 15 Feb. 11 8% Jan. 66% 68% 53" 56 2 % Sale 1% Sale 1% "1% "l% 2% 14 15** 3 14** 16 5 14** Sale 8 19% 10** Sale 11 Sale Sale 34** Sale 6% 6% 8% 5% 6% 30 10 5 53 56 1% Sale 1 1 Sale Sale Sale 4 15** 6% 28 9 3** 6% 6% Sale Sale 34 Sale 5% 8 7% Dec. 27 1% Dec. 15 ** Dec. 53 1 Dec. 29 3** Dec. 29 14** Dec. 15 5% Dec. 29 30° «Dec. 28 7% Dec. 29 6% Dec. 22 6** Dec. 54 Dec. 30 1% Dec. 1 2 Dec. 31 1** Dec. 1 53 1 Dec. 5 ** Oct. Dec. 3*1 17** Dec. 18 7 Oct. Dec. 15 5 Oct. 30 Dec. Oct. Oct. Dec. Oct. 28 19 28 22 19 Oct. 28 9 34 11 Dec. Dec. 7 4 ""6**"De"c".~22 8 39** "42" '13% 'u 31 Sale Sale 33 6** Dec. "6% "7" 33% 37 1 1 20 31' 42 12% Sale r9 Sale 12** Sale 12** Sale Dec. 6** Dec. 13 31 8 Dec. Dec. 29 xl2** Dec. 13 8 37 Dec. Dec. 9 Dec. 27 20 20 55* 4** 6% 4% ~37***De"c"."29 *38"""D~e~c~.~29 20 18** Feb. 15 17** Feb. 23 6** Dec. 13 12** Dec. 1 36 8 Dec. 2 9 13 7 Nov. 29 Aug. Jan. Dec. 29 Oct. 19 52 Feb. 23 25** Mar. 11 9% Apr. 20 11 Apr. 5 10*4 Jan. 6 28*4 Jan. 11 165* May 22 47** Aug 12 42 Aug 30 45 June 22 35 13 Apr 15** Jan, 28 Jan., 1938] AGGREGATE NEW YORK SALES In December Shares 45 RANGE FOR Dec. 1 1937 STOCKS {Continue.' Par Ask Bid 20 % 8% Bid Sale 10 Dec. 31 Ask Bid • 14 15 5X 300 Horder's Inc... 650 Hormel (Geo a) & Co com.. 2,100 Horn (a c) Co common Ask 12 9 Lowest Dec. 3 Lowest Highest Sale Prices Sale Prices 15 14% 5% Highest Sale Prices Sale Prices 15% Dec. 3 h"10 Oct. 5% Oct. 9 16 ...... 400 16,480 1,320 2,633 553,100 243,300 37,800 7,000 18,498 9,770 1,075 40 933 54,400 21,000 7,600 100 800 850 600 5% Hubbell (Harvey) Inc......5 Hud Bay Min 9c Smelt Humble Oil & Refining * 59 65% Hummel-Ross Fibre Corp...5 Hussman-Llgonier Co......* JHuyler's of Del com... i 225 Illuminating Shares Co a Imperial Chem Indus Ltd— 4,900 267,900 22,100 22,100 14,900 52,700 2,580 1,540 2,050 17,100 800 900 600 2,600 80 90 100 8 Jan Feb Jan. Mar. 9 July 41% Jan. 9% Sale 14 10 15 5 5% 2X Sale Am dep rets ord reg 5% Sale Sale 7X Sale 11% Sale 96 Dec. 30 112 Dec. Dec. Dec. Dec. 12% Dec. 24% Dec. 21 68% Dec. 21 10% 15% 54% 4% Dec. Oct. Nov. Oct. Dec. Dec. 27 13 Dec. 27 Sale 16 ea Dec. it* X Dec. 7% Dec. 8* 6% 12 4%' 5% 1% 1% 34% Sale Dec. 2 Dec. 13 Dec. 3 5% Dec. 8 1% Dec. 29 34% Dec. 31 Dec. 29 3 13% Dec. 29 Dec. 28 5 9% Dec. 14 5% Dec. 17 2% Dec. 36 Dec. 6 5% 18% 7% 11% Dec. Dec. Dec. Dec. Imperial Oil (Canada)......* Registered _..._* Imperial Tobacco Co of Can. 5 Imp Tob of Gt Brit 9c Irel..£l Ind'polls p & l 6%% p* .-100 2% Oct. 21 17 X. Sale 17 X 17 X Sale 20% 13 % 44 21% 14% 44% Sale 8% Dec. 10 13% 13% 37% Sale 7% 8% Dec. 29 17% Sale 17% Sale 13% 13% 17% Dec. 37 35% Dec. 13 17 13 37 7% 6% Dec. 7 7 Dec. 2 13 29 13% Dec. 21 "15" Sale" 9% Dec. 18% Dec. 18% 13% 37% 8% Dec. 4 Dec. 29 Dec. Dec. 14 Dec. 13 105 84% 89 Dec. 1 Dec. Oct. Oct. Oct. Oct. Oct. Oct. Oct. Dec. 27 15 87 Dec. 27 89% Dec. 27 84 1% Dec. 18 7 1% Dec. 9 % Dec. 1 1 15 Mar. 15 12,100 Non-voting class a.. 900 16,800 Class b 700 12,700 8,150 64,800 29,900 83,700 148,400 26,800 3,325 199,400 361,600 125 5,850 2,400 1,200 5,900 100 26,600 21,400 7,350 * Industrial Finance v 7% preferred 1 t c 14,800 500 100 400 1,200 34,500 111,100 25,400 17,600 12,170 112,100 27,650 11,300 4,800 500 620 5,000 2,400 4,000 4 IX 1% 1% 1 1% % 1% 1% % 36 5% Oct. 1 1% 1% 1 .....100 Insur Co of North Amer 74 X Internet Cigar Machinery..* Internat Holding & Invest.* 25 Sale 26 X 2 2% Int 32 X Sale 34 Sale .10 Hydro-Elec 13.50 pref..50 52% Sale 19% 20 1% lVs 18% Sale 54 Sale Internat Paper & Pow warr.. Internat Petroleum com.... * 39% Jan. 105 * 100 "7X ~~7X International Vitamin.....1 Interstate Home Equip com.l interstate Hosiery Mills....* Interstate Power $7 pref • Investors Royalty Co... 6 1 1 15 15 2% Sale Sale 28% Sale 28 2% 100 10 5,200 8,200 ..1 com.... 60 20 ~ V,506 7 % % 28 5 13,200 1,000 6% 19 X Sale Sale 24 16 X 24 X Sale 100 10 31 3% Sale 3% 4 27% 5% Sale % %6 13% 15 7% 8% 26 % 14 X 10 92 98 Sale 5,600 7% Sale 92 % Sale 210 640 Lackawanna rr n j.....100 1 223,600 Lake Shore Mines Ltd 223,000 Lakey Foundry 9c Machine. 1 21H Sale 2% 3 Sale 3%. 10,400 Lefcourt Realty com Preferred 18,300 505,700 Lehigh Coal 5c Nav 1 26 14 * 1,156,000 Leonard Oil Development 14,350 Le Tourneau (r g) Inc 2,975 Line Material Co 529,000 Lion oh Refining 2,200 Llpton (Thos j) class a 75 600 900 " l",l50 6% preferred.... b stork 2,025 2,000 68,600 " 1,450 5,600 2,700 10 ""606 , 5 12 20 11 Sale 28 % Dec. 28 18 Dec. 24 3 Oct. 8 2% Oct. Dec. 21 d* Sale 20 19 Dec. 18 Oct. 19 5% Dec. 1 IX Oct. 19 Dec. 2 Oct. 4 Dec. 10 Oct. 19 9% Dec. 27 5% Oct. 19 16* Mar. 1 Mar. 31 15% 1% 21% 3% 15% 19 2 29 19 17 Oct. Feb. Feb. 8% Apr. 19 Dec. 12% Dec. 7% Dec. Sale % Dec. 24 % Dec. 4% Dec. 29 1% Dec. 21 4% Sale 1% ' 2% 2% Dec. 7 Dec. 67% Dec. 74 Dec. 30 Dec. 22 84 Dec. 9 r2 Sale 2 Dec. 28 2% Dec. 7 1 30 Sale 30 Dec. 31 Dec. 4 57 Sale 2 106% Dec. 6 Dec. ■11% Dec. 15 2 Dec. 1 Sale % Sale 2% Sale Sale 26 31 15 Sale Sale 1% 19% 8 8% 24% 12 7% Sale 58 6% Sale 51% 2% 87% Sale 2% 98 5% Dec. 9% Dec. 11 6 % Dec. 20 30 Dec. 24 44 Dec. 1 2% 2% 1% 14% 6% 34 1 Dec. Dec. Dec. Dec. Dec. 29 3 Dec. 4 28 6% Dec 28 Dec. 27 x8 % Dec. 15 32 3 19 19 63% Oct. 16 38 . May 17 Feb. 26 Feb. 11 Feb. 11 Sept. 7 Aug. 31 % Feb. 13 2 7H Mar July 12 Mar. 8 Jan. 13 Jan. 29 Feb. 11 18% Jan. 11 42% 24% % 27% Sale 15% 6 9 6% 9% 11% 7% r42 % 53 2% 87% 7 8% 24% 23 20 16 101% Dec. 12% 11% Dec. Sale 6% Dec. Sale 45 Sale 2 12 Nov. Dec. 29 87% Dec. 14 45% 53% 2% 87% 10% Sale Sale 1 12% 4 1% 13% Sale % 12 3% % 15% Sale Sale 15% 18 Sale 18% 10 Sale 10 20 16% Sale 24 16 1 12% 19 1 19 Oct. 16 Sale 10% 6 Oct. 2% 1% Sale 13% 10% 14 Sale 9 9% 8 Sale Sale P * % Dec. 24 1 Dec. 13 Dec. 14 12 - Dec. 29 3% Dec. 29 % Dec. 29 15 Dec. 28 Oct. Oct. % Dec. 20% Dec. 19% Dec. 4 16% Dec. 28 9% Dec. 28 20% Dec. 19% Dec. 1% Dec. 31 2% Dec. 3 10 Dec. 2 45 Dec. Sale 14 1% Sale ,?* 4 9% Sale Sale 7% 1% Sale Sale Sale 38 Sale Sale 39 30% 2% 8% Sale Sale 2% Av* 7% Sale 34 7% Dec. 28 7% Dec. 1 7 Dec. 29 1% Dec. 32 Dec. 7 9% Dec. 3 10% Dec. 24 8 Nov. 2 1 % % % 5 37% 4% 8% 82 21 '39" Sale 8% 1% 3% 38 1% 3% Sale 19 20% 2% 18 3% 20% 8 7 24 22% 18% 16% 11% Mar. Feb. Feb Jan Oct. Mar. May June Jan. Feb. Jan. 6% Jan. Oct. 48 Dec. 3 32 Dec. 93 Dec. 1 3 28% 1% 6% 95„ % Dec. Oct. Dec. Apr. Dec. May 80 Dec. 9% Dec. 22 % Dec. 17 % Dec. 17 33% Dec. 29 1 Dec. 3 Dec. 28 15 39% "Dec"." "4 49% Dec. 23 Sale 23% Sale" rl 6 39 3 % 37% 9 12% Jan. 21 % Jan. 29 5 34% 18 Feb. 28% Dec. 29 1% Dec. 29 6% Dec. 4 • 100,300 Majestic Radio 5c Tel Corp..! 30,600 Mangel Stores Corp com i $5 conv preferred........* 1,590 150 Manischewitz (The b) Co * 3,900 Mapes Cons Mfg Co • Aug 13 Oct. 2% Dec. 26 21% Nov. 5% Oct. -4 1% 4 1 10 9 23 Apr. 2 21 Feb. 19 13% Jan. 20 17% Jan. 18 13% Jan 2% Feb 39 Aug. 30% Feb 34 July Oct. 4 15 22 Feb Feb. Jan. 20 Oct Dec. 18 25 10% Nov. 5% Jan. 4% Jan. % Oct. 5 4 17 88% Mar. 65% 8% 8% 1% no* Oct. Oct. Oct. Sept. Oct. Dec. Oct. Dec. 1 Jan. 78% Feb. Oct. % 10% 2% % 10 6% 19 22% June Sale Jan. 96% Jan. 19 111% 45% Oct. 1% Oct. 87% Dec. 13% 19% 12% 9% 9 4% Dec. 20 _.....» 90 19 6% Oct. 19 21% Feb. 4 6 25 2% Sale 19 14% Dec. 16 21 Sale %6 Sale Sale 6% Dec. 24 3% Jan. 4 18 89 100 2 114% Jan. 22 52 Mar. Dec. 27 12 Aug. Dec. 13 28% Feb. Mar. 1 107% Sept. Dec. 20 3% Jan. 1% Oct. 2% Oct. 10 3% 18% Feb. 15 14 Jan. 8 Oct. 10% Sept. 25 Dec. 22 Dec. 31 Dec. 3 Dec. 14 Nov. 20 2% Feb. 1 % Jan. 30 Dec. 5% 9% 105% % 30 5 Nov. 22 105 100 7% Dec. Dec. Dec. Dec. 29 103% Dec. 48% Dec. Sale 98 6 3% Dec. 1% Dec. 20 15 t 1 6 7 7 1% Oct. 19 9% Jan. 23 27% Nov. 23 126% Mar. 9 23% Oct. 13 30 Jan. 8 72 81 27% Nov. 16 Sale 1% 15 6% .... % Oct. 19 '32 Sept. 7 4% Oct. 1% Oct. Dec. 30 Dec. Nov. 20 2 82 6 12% 76% Sale 1 150 Ludlow Valve Mfg Co 31,850 Lynch Corp com....... r% 101% Sale 12% 25 33,800 Lucky Tiger Combination. 10 Far footnotessee page 63. 1 8 75 Louisiana Pr 5c Lt $6 pref..* "l",506 Dec. 38 Dec. Dec. 4 At * 123,100 Locke Steel Chain Co......5 521,600 Lockheed Aircraft 1 263,300 Lone Star Gas .* 287,300 Long Island Light com * 8,610 7% preferred 100 6% preferred series b ..100 12,200 49,800 Loudon Packing Co com • 494,000 Louisiana Land & Ex pi com.l 930 5% 11% 2% 3% 1% 15% 6% 1 • Lit Brothers com.. 350 Loblaw Groceterias a 50 24 66% Dec. 13 44 35 28,250 1,900 48,500 26,200 18,800 8 16 Feb. Jan. 103 4% Dec. Sale 8% Dec. 26 10 July Jan. 9 Sept 17 39% Mar. 3 Oct. % Dec. 4% Dec. 3% Dec. Sale Dec. Dec. 28 3 74 27 17 ..... 24,300 Dec. 3 3% '""% % 83% Sale 2% Sale 32 34% "2 X Bryant 7% pref 100 300 Langendorf Un Bak cl a * Class b................. 700 27,500 19,700 1,600 Dec. 8% Oct. 7* 7% Dec. 28 % Dec. 8% Dec. 28 4 % Dec. Dec. 44 Jan. 30 540 Lane 1,300 2,900 6% Dec. % Dec. 105 1 31,900 6,200 10 4 * com... Koppers Company— 0% preferred 8,075 100 4,800 Kress (s h) 9c Co spec pf_.10 57,500 Kreuger Brewing Co .....1 275 Dec. 5 7 93 X 100 Klelnert (i b) Rubber 10 16,700 Knott Corp com 1 800 Kobacher Stores Inc com...* 200 Dec. Oct. Nov. Oct. 10^ 7% % Sale 8% 10 26% 28 6% Sale 2% 3% Sale 7,700 700 3% Dec. 1% 23% 31% 2% Feb. 14 13 1 2 15 3 28 2% Jan. 29 18% Mar. 19 1% Dec. 9% Oct. % Oct. 1 ...... 300 Oct. 3% Dec. 29% Dec. % Dec. 6x 34" '35% * 1,490 1,450 440,750 261,100 31,400 Klrkland Lake g m Ltd 3,100 Klein (d Emll) Co common. 17,050 Oct. Sale % 10 8% Kings County Lighting 7% preferred series b 100 5% preferred series d 100 Kingston Products ......1 Kirby Petroleum 120 18 lire 580 Kansas g 9c e 7% pref 100 20 Keith (GeoE) Co 7% pref. 100 11,550 Kennedy's Inc 5 45,100 Ken Rad Tube & Lamp cl a.* 70 Kimberly-Clark pref 100 16,600 Kingsbury Breweries com 1 1,600 Oct. 4 Jan. * dep rets 575 Julian 9c Kokenge "5",660 46 2% Dec. 22 Sale 28% Sale % 16?i IX Sale 1 Iron Fireman Mfgcom vtc.10 288,600 Jacobs (f l) Co 1 61,000 Jeannette Glass Co * Jersey Central Pow 9c Lt co— 3,500 5h% preferred........100 2,530 6% preferred...........100 2;680 7% preferred 100 68,900 Jonas 5c Naumburg Cor p. 2.50 82,500 Jones 9c Laughlln com ipc 330 Dec. 22 8 Dec. Dec. 22 8 Dec. % Dec. 22 100 __* 92.500 Italian Superpower cl a 22,300 Warrants.. 11,700 2,300 29 29 31 29 22 Nov. 16 Jan. 4% 4% 2% 22% 75% 28% 4% % Oct. 9 57% 20% 1% 20% new? warrants Amer Dec. Dec. Dec. Dec. Dec. Dec. 1% Dec. 29 27% Dec. 29 18% 19 1% Sale |lsotta Franschini— 1,600 Dec. 28 ......100 $3.50 prior preferred 47,720 Irving Air Chute 16 11 3% Sale 28% Sale 28% 29 2% 3% * ...... com Dec. z51% 18% 1% 14% % "a" stock pur warrants... Internat Metal Indus a * 53,050 International Radio Corp..l 12,200 Internat Safety Razor cl b.* 19,600 Internat Util class a... • Class b 324,400 __1 $1.75 preferred. 1,300 900 1,300 IX 3% 1% ....* 4,000 Registered 81,200 Internat Products 800 6% preferred ~6~, 500 . stock 7 Mar. 17 Jan. 20 Indian Terr 1 llum oh co— 800 2 2 2 8 Mar. 44% Jan. Dec. 9 9% Mar. 24% Mar. 24 Oct. 1% Dec. 16 % Dec. 9 89 11% May 3 33% May 3 13% May 4 34 July 23 62% Jan. 30 Sept. 10 8% 14% 14% 12% 35% 5% 10% 10% 12 86% 4 6 2 26 Apr.. 3 13 Feb. 20 5% Jan. 21 53% Mar. 0 Mar. Feb. 2 27% Feb. 3% Oct. 19 9% Dec. 14 7 103" Feb.. 9 12% July 17 19 Oct. 25 87 19 8 18 10 27 7 Feb. 23 23 4% Nov. 12 1% Nov. 22 34% Dec. 31 1 3 2 Jan. 29 28 16% Sept. 22 42 Oct. 19 Nov. 12 50 9% Sale 10 Indiana Serv Corp 6% pfd 100 7% preferred 100 28 19 24 19 % Dec. 13 6 8 * £1 Indiana Pipe Line Dec. 13 Sale _ 3% Sale 14% 14% 5% Sale 9% 10% 17 X 100 10% 20% 57% 4% 12 12 8% 8% Dec. Dec. 4 Sale 5 6% Sale 8 24 15% Dec. 18 2% Oct. 19 18% Oct. 19 5% 22 Sale 78 12 X Sale 21% Sale 68,900 Illinois Iowa Power Co.....* 52,400 Preferred 50 56,500 Certificates of deposit. 16,400 Illinois Zinc Co _..* 300 3% Sale 10,650 Hygrade Sylvanla Corp 7,500 4,600 5,400 2,450 Dec. 33% 11% 19% 22% 2 96 7% preferred stamped..100 7% pref unstamped 100 4,300 Hydro-Elec Secur com..... 80,100 Hygrade Food Prod.. ......5 2,800 18 18 6 June 22% Dec. 4X .....100 200 ""266 Dec. 15% Dec. Horn ft Hardart com.... 5% preferred 1937 Jan. 2 22,100 Holophane Co Inc common.* 3,000 Holt (h) & Co class a__ * 100 YEAR Price 1937 Shares EXCHANGE PRICES IN DECEMBER NEW YORK CURB EXCHANGE 12 Months 200 CURB 1% Dec. 7 3% Dec. 3 49% Dec. 23 17 18 Dec. 11 Dec. 13 26 100 >b. in. 2% 6% [ay 55% Aug. Oct. % Oct. 18 2% Oct. 42% Oct. 10% Oct 19 17 Mar. jan.j 6% Jai 15% Jwf) 7 19 Nov. 24 5% Feb. 18 10% Jan. 23 82 Jan. 2 15% Apr. 29 25% May 5 YORK NEW 46 NEW YORK Jan. 2 Ask Ask Bid Ask Bid 9H 18 Bid Par STOCKS (Continued) 17 Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Dec. 31 Dec. 1 1937 Shares Shares Price CURB EXCHANGE 12 Months 1937 In December year 1937 range for prices in december sales aggregate EXCHANOW CURB Marconi Internet Marine— 4,600 Communication Am dep ret 19,000 MargayOlI— • 48,400 Marion Steam Shovel com..* 28,900 Mass Util Associates » t c 1 243,160 Massey Harris Co common..* 35,250 Master Electric Co 1 100 300 4,600 1,100 6,800 1,000 9X 15)4 Sale 3H 3)4 17 — Sale 9 1854 18 54 J* 22 v8K 18 4)4 1% 6)4 4H 2)| 14 47 554 Dec. Dec. 10 55 14 2)4 Dec. 854 Dec. 93 x Dec. 3)4 Dec. 18 3)4 28 11)4 29 108 454 28 33 Dec. 1 U Dec. 4)1 Oct. 13)4 Dec. 4 7 Dec. 8 1454 Dec. 27 13 54 Dec. $4 preferred w w 826 2,900 "2" 050 3 34 Jan. 600 12,100 ~5~,566 192,700 10,900 ' ■ * 300 100 1,077,000 50 95 354 4 4 Dec. 6)4 Sale 100 6)4% A pref Common stock pur Sale 64 r254 Sale Sale 3 45 2)4 Dec. 28 Dec. 1 6 Sale 1 $6 preferred 32,600 Mexico-Ohio Oil 800 400 404,500 216,200 28,000 106,500 8,700 2,500 5,200 96,700 92,700 July 30 Nov. 73 Apr. 17 Dec. 5354 Mar. 11 9A Sale L)l 154 554 Sale 1 Dec. Dec. Dec. 1)4 29 Dec. Dec. Dec. Dec. 20 13 ....* Michigan Bumper Corp 1 Michigan Gas tk Oil Corp.. 1 Mich Steel Tube Prod 2.50 Michigan Sugar com.......* 10 Preferred Oct. 1 3)4 Sale 3 3 15 Sale Sale 16 )4 Sale 3)4 4 654 Sale r7xt Sale 3)4 4 Sale Q 15. 7)4 1)4 7x Dec. Dec. Dec. Dec. Dec. 354 Dec. 54 )4 3)4 654 )4 H;IK It 4)1 R 4)1 Dec. 23 17 29 31 15 11 Dec. Dec. 854 Dec. 13 28 Feb. 11 80] 2] 2] 5; 37 19 Jan. 25 Feb. 25 Dec. 15 11 354 Dec. 54 Dec. 3 6 2)4 Oct. 8 19 2)4 Oct. 54 Oct. Jan. 16 Jan. 29 Jan. Jan. Mar. Feb. Jan. 12 18 4 10 14 13 19 19 Middle States Petroleum— * * Class B vot trust ctfs 9 6)4 554 * Class A vot trust ctfs 2)4 Sale )4 Sale 1)| Sale 254 Dec. 29 )4 Dec. 1 3)4 k 3H % Feb. 17 Feb. 16 Midland Oil Corp— 250 5,650 , 225 — 1,000 9,700 "2*400 500 300 Missouri Pub Serv 100 39,610 2,300 25,000 100 4,100 400 1,400 375 50 "2",900 100 21,000 8,300 500 30 3,200 800 conr 7,000 $2 non-cum di» shares * 10,045 MidvaleCo * 51,700 Mid-West Abrasive Co 50c 65,500 Mid-West Oil Co 10 2,000 Midwest Piping & Supply Co* 23,600 Mining Corp of Can * 9,300 Minnesota Mln fit Mfg Co * 190 Minnesota P & L 7% pref.100 1,000 Miss River Power pref 100 600 320 850 pref Midland Steel Product— 52 , Mock Judson Sale 24 16 12)4 Sale Sale Sale 64 70 80 1)4 7)4 754 354 Sale 40)4 42)4 407,800 Molybdenum Corp 1 4,400 Monarch Mach Tool Co com.* 18,500 Monogram Pictures com —1 20,200 Monroe Loan Society cl A..* 5,600 Montana Dakota Utilities..10 10,060, Montgomery Ward be Co A..* 12,200 Montreal Lt Ht & Pow com. .* 3,825 Moody's Investors Part pref.* 2,050 Moore Corp Ltd .......* 130 7% A pref 100 70,900 Moore (Tom) Distillery Co__l I,600 Mtge Bank of Col Am She 160,500 Mountain City Copper Co..5c 173,200 Mountain Producers Corp. 10 700 Mountain States Pow com..* 500 Mountain Sts Tel & Tel..100 22,900 Murray Ohio Mfg Co * 2,300 Muskegon Piston Ring—2.50 4)4 Dec. 14 Dec. 15 13)4 Dec. 11 654 Dec. Dec. 30 7 154 Dec. 2 754 Dec. 6 Dec. 18 25 26)4 25)4 145 13 Nov. 28)4 Dec. 1354 Sale 9)4 9)4 354 16 4 18 H 44 45 654 154 23 30)4 28)4 135 175 654 25 22 180 2 451 4)4 9)4 10 1254 12 Sale 9 954 5 254 Sept. 23 Feb. Jan. 10 11 5 • 184 8 V* 100 7,200 300 Dec. 2 14 3 30,900 * 6% preferred.......——100 3,500 Nachman Sprlngfilled Corp.* 20,000 Nat Automative Fibres com.* 15,000 National Baking Co com...1 608,400 Nat Bellas Hess com 1 18)4 20 12 8 Sale 7)4 3)4 7)4 8 1 1)4 654 8 12)4 Sale r5 454 7)4 Vs Sale 100 Nat Brewers 7% pref 25 500 National Candy Co com..—* 400 150 4,400 10,500 3,800 1,600 15,700 1,400 49,400 149,000 29,700 19,800 10)4 1 National City Lines com 12)4 "7)4 Sale" 6354 Sale 60 Sale Sale Sale 4 Sale 20 -.'-.* Stores..* Products......4 754 14 Sale Sale Nat Manufacture & National Oil .. 7 13)4 2)4 1854 13)4 Sale 2)4 3 National Fuel Gas Sale Sale 10 40 $3 conv preferred 50 National Container (Del)—1 22 8 Dec. 14 Dec. 5 Dec. 24 Dec. 9 754 Dec. 54 Dec. 29 IX Dec. 3 Dec. Dec. 31 Dec. 2 40 654 13)4 2X 17)4 Dec. Dec. Dec. Dec. 29 14 29 29 56)4 3)4 354 X Dec. 29 Dec. 30 Dec. 29 Dec. 1 10 8 Dec. Dec. 1454 Dec. 3 22 Dec. Dec. Nat Power St Light— 2,750 200 10,400 8,750 100 100 6,900 "3",400 14,800 2,700 3,650 200 40 1,800 "2", 100 700 32,800 3,000 267,850 252,850 36,600 1,050 55,000 1,575 47,300 68,700 190,200 25,550 8,500 340 5,300 ■15,020 4,500 5,000 200 100 800 1,600 900 40 160 2,400 1,300 980 89,600 2,225 100 10", 300 1,100 15,100 "6",350 1,100 5,600 National Service Co * ..1 preferred—-• National Steel Car Ltd—— * National Sugar Refg * Conv partic National Tea Co 5H% National Transit pref. 10 —12.50 National Tunnel & Mines..* National Union Radio com..l Navarro Oil 88)4 Sale 25 12 H Sale X Sale 3)4 354 52 10)4 5)4 )4 2 ,254 )4 Sale 1)4 2)4 10)4 Sale 19 14)4 Sale 1 12 14 32)4 36)4 Sale 8)4 154 Sale 8 1)4 Sale "l)4 oSale Nehl Nevada Calif Elec 900 7,400 1,875 6,150 1,620 52,700 120,470 7% com...100 % P rl3)4 Sale -5 2 1451 17 ft 1954 Dec 554 Sept. 9 7X Oct. 19 8)4 Dec. 2 34 10; 14 Dec. 28 30 Dec. 29 Dec. 22 4)4 5)4 66 x 454 6854 4)4 Dec. Sale 154 Sale 63 Sale 28 6 22 26 854 "30)4 27* 30 99 102 9)4 Sale "Am "A** 55 60 29 154 5)4 25 10)4 154 5254 21)4 xlX 5)4 Dec. Dec. Dec. Dec. Dec. Dec. 10 3 2 8 13 16 3 24 22 16 Dec. 2 22 Dec. 24 27)4 X)ec. 6 8 Dec. 24 Dec. 3 Dec. 8 10 Dec. 59)4 Dec. 27 Dec. Dec. 14 Dec. 8)4 Dec. 2 Dec. 28 Dec. 2 7 Sale 8 9)4 97 Sale 354 45 17 18) 9)4 Sale 3)4 4*4 6)4 9 1^ 17)4 7 4 Sale 7)4 Sale 7954 Sale Dec. 100 89 Sale 5)4 Dec. 13 55)4 Dec. 61 22 2)4 53 5)4 60 Sale 59 Sale 13 11 Dec. 29 Dec. 24 Dec. 22 9 Dec. 13 91)4 Dec. 22 9954 Dec. 28 Sale 50 I54 Sale Sale 6)4 34 9 Sale x* 1)4 78 II* Feb. Apr. Mar. Mar. Jan. Jan. 9)4 Jan. May 12 3 Sept. 3 28 Feb. Apr. Jan. Feb. Mar. 80 18 Oct. 21 2354 Jan. 53 58 Nov. 10 Oct. 20 Nov. 13 8)4 Dec. x. 1 154 554 Sale Dec. 27 69)4 Oct. 65 Dec. 63 1 Dec. 29 154 Dec. 1 Sale 31 4 10 r8 Sale 8 34 % 454 91)4 Oct. 79)4 1 115 Feb. Dec. 24 Oct. 19 Oct. 19 3 9 30 3 8 2)4 Dec. 9 154 Sept. 24 154 Dec. 29 Mar. Mar. * Dec. 10 Dec. 7 88 8 4 30 X Feb. 13 94)4 Mar. 10 5 * Jan. 5 Dec. # 19 98 62 8 15 Sept. 20 Oct. 8 Feb. 16 23 19 3 16)4 Feb Feb. 1 25 100 Dec. 13 36)4 Dec. Dec. 81 9 Dec. 454 Dec. 29 32 1)4 Sale 4 2 234 Oct. 23 3)4 Dec. 22 Dec. 17 80 Dec. 12 15 6)4 Apr. 16 35 Mar. 6 Nov. 23 134 Oct. 19 50)4 Nov. 23 13554 Mar. 10 26 37 Apr. 7 Oct 20 5 6)4 Jan. 1)4 Oct. 19 Mar. 31 3)4 Oct. 19 16 19 34 Feb. 4 22 Oct 8 Dec. 24 15)4 Mar. 6 86)4 Nov. 29 10534 Jan. 14 96)4 Nov. 3 11554 Mar. 31 Dec. 10 )4 Dec. 24 89)4 Jan 4 140)4 Mar. 53 14k *a 13 98 Dec. 8 Dec. 24 Dec. * 3 Nov. 23 Dec. 30 Sale 2 19 10 Apr. 1954 Feb. 19)4 Jan. 254 Jan. 98 a 12S Feb. Jan. 19 654 5)4 17)4 9)4 63 x 47 19 33? Dec. 22 14)4 Dec. 17 654 Dec. 29 72)4 Dec. 6 354 Dec. 21 3 1054 May 7 18 July 15 45 July 6 13 X Aug. 11 19)4 Jan. 25 13)4 Feb. 7 19 4)4 Oct. rl3 102)4 106 954 Sale Jan. 3 41" Feb. Oct. Oct. Oct. 20 Dec. 22 3 6 Dec. 26 May 24 54 Oct. "5 54 "Dec. 7 5 954 Oct. 30 2 Oct. 27 Dec. 14 112 Oct. 19 59 105 32 53 4)4 June Oct. Dec. 5 ....... 24 17 15 14 28 23 14)4 Dec. 31 6 32)4. jS ... . 53 Dec. Dec. Dec. Dec. Dec. Dec. 7)4 1)4 54 1254 )4 19 Oct. 25 19)4 Sale New Endl Tel & Tel Co.—100 see page 54 Oct. 4 Sale preferred—.........100 New Haven Clock Co Oct. 19 3)4 Dec. 30 334 Oct. 19 34 Oct. 11 7854 Nov. 13)4 16 x 22 com...* New Jersey Zinc 25 1 77,300 New Mexico Be Aria Land "4)4 79,200 Newmont Mining Corp....10 130 * 25)4 5,300 New Process Co common 5% 6,800 N Y Auction Co common...• 6,900 NYC Omnibus warrants II,925 N Y Be Hond Kosarlo M 10 29)4 23,300 N Y Merchandise Co com.. 10 1,310 N Y Pr Be Lt $6 pref 2,390 7% preferred... —.100 N Y Shipbuilding Co Founders shares-——...1 854 19,700 5 4)4 7,100 New York Transit 52 5,965 N Y Water Serv 6% pref—100 781,500 Niagara Hud Pow com..—.10 21,150 5% 1st pref 100 1,225 5% 2d preferred........100 800 5% 2d pref B 100 Class A warrants 125,100 Class B warrants 15,600 13)4 146,628 Niagara Share Corp class B 5 450 Class A preferred 100 44)4 73,790 Niles-Bement-Pond com 1,300 Nineteen Hundred Corp B..1 133,100 Niplssing Mines .... 5 "254 For footnotes Sale England Pow Assn com 6% 14)4 Dec. 31 14] 55 Dec. 9 Dec. 29 105 37 preferred.....——100 New Bradford Oil... New 2 30 56 Sale 954 Sale 27 H Co——————* Corp com—... * 250 1st preferred....—.... 22,400 Nelson (Herman) Corp ..—5 20,200 Neptune Meter class A.. . . 10,700 Nestle Le Mur Co class A...* 50 450 —* preferred Nat Rubber Mach com Nebel (Oscar) Co com * 510 Nebraska Power 7% pref—106 37,100 2,290 ""250 S6 National Refining common 23 Dec. 14 Dec. 24 Oct. 19 54 Dec. 29 41 Feb. 3 7 July 15 8)4 Oct. 19 35 Nov. 23 6)4 Oct. 19 12 Oct. 19 2)4 Oct. 19 17)4 Dec. 29 10)4 Dec. 40 May 20 Feb. 5 Feb. 8 5 4 9 7 10 28 4 155)4 Feb 28)4 Jan. 29 13)4 Nov. 1 20 Mar. 31 97)4 Mar. 30 10 8 12 Feb. 13 Dec. 29 11)4 Dec. Dec. 8 Apr. Jan. 150 Muskogee Co common 20 11 Jan. 27 4554 Aug. 12 1)4 Dec. 10 124)4 Dec. 11 19 3 44 354 Dec. 24 4 654 Dec. Dec. Dec. Dec. Dec. Feb. Jan. 157 37 4 Dec. 2 Dec. 454 54 123)4 7)4 Apr. 6 May 28 25 13 IX Dec. 354 Dec. 154 554 Sale 454 5 2 Dec. 33 175 1)4 554 Sale 6)4 Sale Dec. 25 30 141 4 1654 Feb. 18 2 6 Dec. 3 13954 Dec. 23 15 2854 Dec. 6 30)4 Dec. 9 20 Dec. 27 24 Dec. 3 3 31 Dec. 31 Dec. 5 152)4 Sale 37)4 Sale Dec. 18 2 128 Jan. 118 13 ix Dec. 23 154 2 7)4 3 Dec. 29 3 154 Dec. 2)4 Dec. 18 Dec. 29 13 19 1)4 1)4 5)4 Jan. 98 July 3)4 Dec. 5)4 Oct. 4 7)4 Dec. 4)4 Dec. 28 5)4 Sale 12 3)4 Dec. 9)4 Dec. 4 Dec. 27 7 20 Mar 13 Aug. 16 43 Oct. 109 3)4 Dec. 4 Jan. Feb. 25 7 14 Feb. 3 Oct. 30 5 ix Oct. 25 Dec. 2 Mar. 31 90 6)4 Oct. 60 Sale Mar. 4« 8 9 Jan. 24 Dec. 1 Dec. 2 154 Dec. 29 10 Oct. 20 3 10)4 Oct. 53 Oct. 70 Dec. 31 1 6)4 Sale 754 10 28)1 26)4 Dec. 13 61)4 Dec. 10 84 Sale 1 1)4 Sale 9 common.* Voehringer2.50 4 12 4)4 12 22 m 72 4 4 26 Feb. Jan. Nov. 6 106 4)4 54 Dec. 23 3)4 )4 Nov. 24 2)4 Oct. 19 1154 5 Oct. 19 18)4 1)4 34 Oct. 19 3 Dec. 2 Mar. 3134 Jan. 1134 Jan. 26)4 Oct. 25 16 9 1 8 Jan. 7 19 Oct. 5 9 Feb. Feb. 78 — Co 14)1 44)j ix Oct. 19 27 Oct. 19 X Nov. 9 34 Oct. 18 Metropolitan Edison Co— 40,000 9,300 1,100 1,800 125 7 98 X 354 Oct. 1 8 7 2 2 7 Dec. )4 Dec. 7 54 Dec. 14 154 Dec. 10 45 warr'ts 600 May 11 Mar. 16 16 9 24 Mesabi Iron 55 3^ 52 Nov. 9254 Aug. 2)4 Oct. 7)4 Oct. 90 Oct. 2)4 Oct. 3 1 354 Dec. 21 354 Dec. 21 Sale' Dec. Dec. Dec. 22 Dec. 23 16 Sale 354 5 354 96 rl7 25 21)4 6)4 654 Scott—* 12,000 Metal Textile Corp com....* 870 Part preferred .... 500 45 41 2)4 2)4 9)4 Sale 3)4 1154 Sale 97 100)4 454 Sale 3 pref. Merritt Chapman be 3,400 22,500 Partlc 1054 Sale 33)4 34 116 121 h 6* 6*1 A—1 Merchants & Mfrs class 650 13 165? Mar. 18 25)4 Aug. 12 58 53 50 — 100 McColl-Frontenac 6% pref 100 57,200 McCord Radiator fit Mfg B..* 193,400 McWIUiams Dredging com..* 13,610 Mend Johnson Be Co com * 59,100 Memphis Nat Gas com ......5 175 Memphis P & L $7 pref 29,400 Mercantile 8tores Co * 3,500 11,000 18 34 Mar. 10 2234 Mar. 11 May Hosiery Mills— 1,550 Jan. 10 7 13 18 19 14 Jan. 17 2 2 1)4 Dec. 18 5% Dec. 6 654 14)4 Dec. 24 20 Dec. 13 4 6)4 Dec. 27 6)4 Dec. 27 6)4 Dec. 27 1954 Dec. 27 oV* 20 5)4 Sale 1)4 2)4 6 x Sale 14)4 15)4 Jan. Aug. 18 Feb. 2 Feb. 24 Feb. 3 Feb. 10 Apr. 14 Aug. 30 Aug. 354 Feb. 9 3 Jan., 1938] NEW YORK CURB aggregate 6.500 35,800 2,450 5,100 3,700 (Continued) p*r 113,000 Noma Elec Corp com .....1 348,100 Nor Amet Lt Ac Pow com 1 44,820 $6 preferred ...» 96,800 North Amer Rayon cl A * 42,200 Claaa B common ♦ 1,470 6% prior preferred...... 50 14,900 Nor Amer Util Sec com 800 200 646,900 4,160 1,760 28,000 149,320 15,400 » 120 200 19,600 700 2.900 30,800 850 7% preferred...... Pipe Line 5,170 Ohio Corp.. 22 40 500 Ltd ...5 common 113.600 Oklahoma Nut Gas com....15 23,850 S3 preferred .........50 2,280 6% preferred..........100 174.000 Oldetyme Distillers ...1 75 14,700 100 1,500 3,400 275 10 2,000 200 4.000 1st preferred .......* 48.950 Pacific Tin special stock....* 1,850 ' X 11.000 175 Page-Hershey Tubes com * 45,700 Pan Amer Airways com.....5 124,800 2,300 10,200 Paramount Motors Corp 1 3,375 Parker Pen Co 10 51,210 Parkersburg Rig Ac Reel Co. 1 970 Patchogue Plymouth Mills..* 6,150 Pender (D) Grocery cl A • 24,800 Class B ....* 5,200 Peninsula Telep Co com * 50 6,910 50 1,150 1,000 150 250 7% 48.400 25 preferred 950 275 ..... 800 2,250 4,000 2,400 21,500 Pharie Tire Ac Rubber Co 23,200 Philadelphia Co com 25 pref 25 39,700 Phillips Packing Co * 312.475 Phoenix Securities common. 1 14,00v, Conv preferred A .10 21,200 Pierce Governor Co com • 18,100 Pines Wlnterfront Co ...1 214,900 Pioneer Gold Mines Ltd .1 99,000 Pitney Bowes Postage Meter* 475 Pitts Bessemer & L E RR...50 1.330 , 22.200 107 % 107% 109 % Sale Pittsburgh Forglngs Co * Pitts Ac Lake Erie RR......50 Pitts Metallurgical Co.....10 Pittsburgh Plate Glass com 25 Pleasant Valley Wine Co 1 Plough, Inc ♦ 400 Pneumatic Scale Corp.....10 13 % Sale 31% Sale 1 200 Prentice-Hall Inc..........* Pressed Metals of Amer __...* Producers Corp 1 Prosperity Co B * common Providence Gas Co * com 4,400 610 . «. 350 - 325 Com $60 par 2.075 375 stock 6% preferred 7% 700 560 400 m m - «. 10 8X 9 20 95 70 X ...60 106 84 Sale 10 3 3 Dec. 3 Dec. 51J 50! Apr. 14 51 3 Dec. 18 Oct. 13 Oct. 19 Oct. 1 Dec. 28 9X Dec. 23 7 85 87% Dec. 13 2 4X 28% 23 24 5% 19% 6 19% 43% 44% 28 33 8% Sale 17 X 5% 9% Sale 4% 5% 4 5 17 r23 Sale Sale 5X 6 2914 26% 7 7 4% Dec. 28 2S34- JDec« 13 26 Dec. 3 16% Sale 5% Sale 5X 6 Sale 16 17 22 Sale 20 Sale 15% Dec. 29 2 4% Dec. 4 Dec. 3 14% Dec. 28 15% Dec. 29 Dec. 2 Dec. 28 21 40 3% 28% r3X Sale 4 2 10 Dec." 10 41 37 89 Oct. "§5" 20 Mar. 28 Jan. Jan. Jan. 3 X Dec. 29 3 23% Dec. Jan. Feb. Jan. 7 Apr. 28 Feb. Nov. 22 2% Oct. 19 Aug. 12 Feb. 1ft Feb. 2 Jan. 28 Jan. 22 Jan. 14 Jan. ft Mar 11 14% 24% Aug. 30 Sept. 30 Jan. 18 6% prior lien pref......100 7% prior lien pref...... 100 J Public Util Securities— 1% 2X 3% Sale 10X Sale SX 10X Sale 2% Dec. 15 16% 9% Dec 3 Dec. 28 80 III" Sale" 90 91% '93"' 2X 08X 73 33% "35" 14% "l6% 31 Sale 10 19 18 Jan. July 2 Feb. Feb. Feb. 9 4% Dec. 10 24% Dec. 28 2X 75 Sale 4 4X 8X 7X 72 r68 25 Sale Sale 20 X 3 5X 8 OH 38 H Sale 3H Sale Sale 2!" x?5f 10% Dec. 87 Dec. 3X Sale 7 Dec. 23 Dec. 13 63 63 3X Sale Dec. 3 \2X o 3X Sale 5X Sale 3X Sale 2X Sale Sale 11X Sale 1 IX 3 Apr. 21 Feb. 1 Dec. 7 Dec. 21 Dec. 1 Dec. 15 Dec. 1 Dec. 2 Dec. 3 Dec. 31 Dec. 8 Dec. 1 6% Dec. Dec. 115 rl8 June 7 Nov. 23 Mar. 13 Feb. 3 72 Dec. 31 83% Dec. 3 30% Dec. 25 1 7 31 Sale Sale 6% Dec. 28 28 Sale 5X Sale 3 Dec. 2% Dec. 17% Dec. 8 Dec. Dec. 1 2% Dec. Dec. 5 Dec. Dec. 6% Dec. 3 Ill 19% Sale 89 H Sale 5? 61 125""127X ilB ,? % 7 Sale o Sale Dec. 29 Dec. 29 6 57 X 9 Sale 57 9 7% Dec. 28 85 X Sale z83X Dec. 2 IX IX 1% Dec. 2 7 Dec. 7X Sale Dec. Dec. Dec. 8 92 lft Feb. 2 Mar. 31 Feb. 9 Mar. 2 Mar. 2 Feb. 23 Feb. 1 Oct. 2 Oct. 2% Oct. 17% Dec. 6% Oct. 1 Dec. Jan. Jan. 2% Oct. 4% Oct. 3 8 42 j 5% Nov. 20 52% Nov. 6% Oct. 27! 4 8 77 9% Dec. 15 62 July 17 Jan. June 30 39 88 3 1% Dec. 14 Dec. 22 Nov. Nov. Feb. Jan. 1% Nov. 8 4 11% 29% 35% 4% Sale 33 34 H X Sale 13% 14% % A 3% r% Sale Sale 4 Sale 2% Dec. 16 % Dec. 29 3% Dec. 29 4 14 Sale 13 15 14 20 Sale Sale 17% 1% 20 2 18 "l9"" 17 16 2 16X X 8 Sale Sale 18 X 5% Sale 6 5% Sale Dec. 16 Dec. 21 1% Dec. 13 'l8%~Dec."24 % Dec. Dec. 24 5 7% Dec. 21 12X 100 Sale 104 5% 80 6 90 X 83 Dec. 28 5 3% % 4% 14% 21% 2% Dec. 31 Dec. 8 Dec. 30 Dec. ~ Dec. Dec. 83 87 77 77 --- Jan. Feb. Feb 16 X Dec. 8% Dec. 8% Dec. 10 6 Dec. 3 Oct. % Oct. 5 Dec. 7% Dec. : 5 Dec. : 98 98 100 22 Nov. Oct. Oct. Dec. Dec. 9 100 105 109 10% Oct. 41 98 74 120% Dec. 7 120% Dec. 16 Dec. 9 Dec. 23 80 90 Dec. 84 Oct. Oct. 110 115 93 Nov. 18 77 Nov. 90 Oct. 5 103 Sale 16 Sale 12 Sale 12 % Oct. 10% Oct. 20 25% .27% 26% Dec. 28 % Dec. 18% Dec. 35% Dec. 4 Sale 6 26 19 8 Sale 6% 7% 6% Dec. 29 8% Dec. 6 98 135 Sale Dec. 28 9 8X 18 Oct. Jan. 23 6% Oct. 19 20 8H Feb. 16 106% Jan. 30 48 % 23 Mar. 3 Jan. 18 Feb. 4 120% Dec. 16 120% Nov. 16 Sept. 93% Dec. 17 Feb. lft Jan. 28 68% Jan. 74 73% 73% Sale 11 Sept. 9 6 3 Jan. 30 Jan. 2 Feb. 13 Feb. 13 Jan. 2ft Mar. 11 Jan. 14 Jan. 25 1% Oct. 42 May l9%~Dec.~22 120% 121% 103 9 July 26 102% Dec. 10 103% Dec. 13 24 Dec. 29 29% Dec. 8 12 Dec. 29 15% Dec. 8 86% 4 11 Apr. 21 98 100 83 ft 22 Apr. 21 Feb. 4 Mar. 17 June 7 Feb. Sale 3% 1 Feb. 11 Mar. 6 Mar. 10 Mar. 6 Jan, 1ft Jan. 19 Jan. 7 1 4 ..... 37 2% Dec. 7 3 17 17 Mar. 13 87% Dec. 29 95% Dec. 11 138% Dec. 8 143 Dec. 15 4 34% 115 $5 preferred 900 Pyle National Co common..5 73,150 Pyrene Mfg Dec. 28 28 15 % Dec. 29 ♦ 2 Feb. 3K 28 20 Apr. 2% 3 2 % Sale 16 9 13 1% Oct.* 19 9 Dec. Dec. 4 July 12 22 21 3 8 1ft Feb. 9 Feb. 24 Feb. 9 6% Dec. 13 29% Dec. 6 23 Feb. 35% Jan. 20 Dec. 2% Dec. 20 7% Dec. 8 3% Dec. 16 Dec. 21 8 Sept. 24 9% Oct. 19 6% Oct 19% Oct^ 19 85 Oct A 26 9 Dec. 13 Dec. Dec. Dec. Dec. 12 Jan. 23 10 18 Nov. 13 96 3 5% 5% 14% 18% Jan. Feb. Nov. 19 105 Dec. 31 20 2 6% Jan. 19 103 20% Dec. 88 Aug, _ 19 Oct. 28% Oct. 26 Dec. 3 101% Dec. 11 104% Dec. 29 52. Dec. 9 52 Dec. 9 5X 4% Dec. 28 5% Dec. 2 17 X 9 18% Dec. 18% De\ 9 Sale 24% Dec. 28 31% Dec. 2 16 36 Dec. 8 7X Dec. 2% Dec. 29 Sale 3 26 Dec. 16 Dec. 2 2 13 13 June 10 Jan. 30 4! 01 % Oct. 19 10% Dec. 28 18% Dec. 28 % Dec. 16 13% Dec. 4 25 Jan. 96% Jan. 23 72 Nov. 26 103% Feb. 11 5% Oct. 18 12% May 6 6% Dec. 28 14 11% Jan. 7% Jan. 77 Oct. X 3% % 63% Dec. 28 34 Dec. 3 Dec. 29 93% Dec. 11 Dec. 7 109% Dec. 21 Dec. 2 111 Dec. 6 Dec. 28 97 Dec. 17 20 2X Sale Sale Sale Sale 100 20.685 900 76 21 .... «. Dec. 27 1% Dec. 3% Dec. Dec. 291 19 19 23 17% Dec. 28 18% Dec. 28 %Aa Dec.' 6 69% Dec. 17 X Dec. 28 10% Dec. 28 18% Dec. 28 Sale 10 23 ......100 preferred 3,800 $7 part preferred.. 56.455 Puget Sound P At L $4 pf 2,925 3,000 m 9% 20 28% 25% 28 % Public Service of Oklahoma— 90 20 2% Oct.. 1% Oct. 37 Dec. 24 3 Dec. 1 Dec. Dec. 28 OX Dec. 28 Sale 22X 6% 1st preferred .....100 7% 1st preferred..... 100 13,910 Public Serv of Ind pr pref. 13,255 $6 preferred..............* 1,900 Public Service of Nor 111... mm.--- . $4 preferred ..* Public Service of Colorado- 330 200 1,270 11X 20X • 50,300 Prudential Investors 20 7X Sale 96 28% 25% 31% Sale 11 10 6 10 4% 28H 5.400 Sale" 90 X 90 92 91% 107% 108% 109X 107 3% 34X m 89 105 2% • m Sale 21% 21% "~5% Sale" * 650 X 3% X 63 X 18/ ' 87 X 4,050 Power Corp of Can com.. 17,500 Pratt At Lambert....... 174,700 Premier Gold Mining... 12,100 293,300 77,800 7,125 7% Sale 13 X "l2% "14" 184.400 Powdrell Ac Alexander com..5 700 21 47X IX 66^ 1 38 90 52,500 Polaris Mining Co........25c 118,600 Potrero Sugar com 5 11,200 2,700 20 40 4% Dec. 2% Dec. Dec. 22% Dec. 22% Dec. 47% Oct. 21 108"" Sale" 9,200 50 20 110 11,100 1,600 4,500 3% Dec. 29 IX Dec. 15 Dec. 14 17 X Dec. 28 18X Dec. 28 30 1 ..* 950 Phlla Elec S5 div preferred..* 850 Phila El Pow 8% 221,100 19,540 7,500 87,700 16,200 26,200 Highest Sale Prices ...100 1,150 $2.80 preferred......._...* 5,500 Pa Gas Ac Elec class A......* 2,335 Pa Pow & Lt $6 pref........* 16.055 S7 preferred * 8.725 Pennsylvania Salt Mfg.....50 100 Pennsylvania Sugar Co 20 2,500 Penn Traflc Co ......2.50 22,100 Pa Water Ac Power • 29.850 Pepperell Mfg Co 100 4.100 Perfect Circle com .....* 90 1,100 14,500 1,900 5.200 6 • 13 X 400 Pa Edison Co S5 pref.......* 600 13,000 a8*H Sale 28 % Sale 35 36 5,125 Penn Mex Fuel common.....1 783,500 Pen n road Corp com vtc__ ...I - Lowest Sale Prices 75 1,919,000 Pantepec Oil of Venesuela..l - Sale Highest Sale Prices 37 * 4,100 Pacific Can Co common....* 78,250 Pacific G&fi 6% 1st pref..25 7,400 5%% 1st preferred 25 4,650 Pacific Ltg Corp |6 pref * 770 Pacific P 5t L 7% prof 100 20.300 Pacific Public Service....._• 400 4i% 3H "8% "§" 800 Oliver United Filters B 17,875 Overseas Securities Co 1,600 4% Sale Power 6% 6,000 Oilstocks 7,900 2,300 600 Sale IX ..* preferred. 100 850 Ohio Pub Serv 7% 1st pref 100 240 6% 1st pref .100 •m---- 14,300 5,600 Sale 46 8 Brass class B 1937 Lowest Sale 22 37 .... 420 3% Sale Sale 38 ...10 Edison <6 preferred...* 20,070 Ohio Oil 6% pref 100 1,200 5,100 16,975 1,600 5,200 4% 2X 11% Sale 3% Sale Nor States Power com A.. 100 Novadel Agene YEAR Sale Prices Ask ...100 Northern 14,975 Ohio 3,350 Ohio 150 Ask Bid Bid Norlnd Pub Sert% pref__100 ^Northern Tex El 6% pref.100 42.600 Northwest Engineering 3,700 100 Ask Bid 14.400 North Cent Texas Oil......5 North European Oil com I 10,800 • STOCKS Dec. 31 Dec. 1 1937 Shares RANGE FOR Price Jan. 2 1937 240 47/ PRICES IN DECEMBER NEW YORK CURB EXCHANGE 12 Months Shares EXCHANGE ft 27 4% Jan. 12 60% Jan. lft 90% Jan. 8 25 Apr. 6 14% Feb. 26 ' 430 240 100 4,920 Quaker Oats com.. 1,320 6% preferred 10,825 Quebec Power Co. 1,250 121 1*0 Sale 140 152 200 9 250 Railway At Light Securities.* 4,200 Rys Ac Util Invest cl A com._l 1,500 2,800 24% 50,100 Rainbow Luminous Prod A.* Clas* Bcommon..........* 73,900 500 m « - 38,125 800 5,000 3,200 1,700 5,800 2,100 2,900 9,550 1,200 Common 5,750 . $3 conv 25 pref... * 34,800 Raytheon Mfg, com......50c 109,300 Red Bank OH Co 5,000 60,300 8,900 236,300 13,100 51,300 123,950 37,700 127,000 5,400 29,300 Reed Roller Bit Co Reliance El At Eng Co. Reybarn Co.. Inc Reynolds Invest see .... com Richmond Radiator Voting page 53 ..* com 1 Dec. 30 9 33 Sale 15% 41% Sale 30% 4 1054 33 X 7X 17% 35 Sale Sale ® 34 7% 5 .1 .......1 Rice Stlx Dry Goods Co Rio Grande For footnotes * new.. Reaves (Daniel) com .....* Relter Foster Oil Corp.. • Sale 5% Sale 2% Sale 12% Sale 5% Sale 3% 24 4% Sale 3% 5% % Sale 11% 11% 2% 3% % Sale 6 8 1% 2% % %, Dec. 28 8 Dec. 23 % Dec. 20 % Dec. 4 1 Nov. 19 124% Jan. Jan. 131% Nov. 23 150 15% Nov. 11 Dec. 29 16% Dec. 14 2 Dec. 27 2% Dec. 20 8 4% Dec. 8 24% Dec. 9 9 Dec. 30 %b Oct. 19 %6 Dec. 28 % Nov. 29 „ • 32 12 14% 25 33 1% 2% 3% Sale 23 £ 35 10 2 Sale 11H 3 Sale 6% 1% Sale Sale Jan. 11 Dec. 29 Nov. 20 30 2% 22% 3% % 8% Dec. Dec. Dec. Dec. Dec. 29 29 23 21 4 Dec. Dec. Dec. 19 2% Dec. 29 21 Oct. 19 6 % Oct. 15 8% Dec. 29 1% Dec. 29 % Dec. 21 % Dec. 3 Dec. 28 Oct. 3 % Dec. 23 31 5 1 4 10 ,2* Dec. 2H Dec. Dec. & Dec. 29 2% Dec. 29 2 % Dec. Valley Gas Co— trust ctfs 91 1 % Dec. % % % Dec. 10 % Dec. 23 x 200 Rath Packing Co .....10 Raymond Concrete Pile— m - 15% 10 2354 Dec. 29 98 Dec. 1 Sale 135 Dec. 1 142% Dec. 21 138% 143 16 Dec. 2 16% 17% 15% Dec. 27 16 94 95 91 6 4 2% Dec. 29 % Oct. i9 9 4 2 1 Oct. Oct. 19 19 % Sept. 13 25% Jan. lft 6 9 28% Jan. lft 1% Jan. 2 Jan. 7 2ft % Feb. 26 38% Mar. 17 49 Mar. 8 53% Mar. 9 7% Feb. 1 21 % Sept. 17 46% Mar. 3 8% Feb. 19 1 32 5 Apr. 19 Mar. Jan. 1 20 2% Feb. 16 13% Mar. 17 7% Feb. 9 % July 6 NEW 48 aggregate December Shares 100 i 1937 year range for prices in december NEW YORK CURB EXCHANGE Price Jan. 2 Ask STOCKS (Continued) Par Bid 1,100 Rochester G 8c E 6% pref.100 Bid Ask Bid ' Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Dec. 31 Dec. 1 1937 Shares Ask 9534 Nov. 19 104 34 Feb. 26 9634 Dec. 22 3 9534 Dec. 15 13 6 Sale 134 1 15 Dec. 21 3 634 134 334 1034 34 Dec. 6 Dec. 14 Dec. 9 Dec. 6 Dec. 1 Dec. 27 13 Sale 6 12 Sale July Oct. 20 112 15 Nov. 23 110 60 Rochester Tel 6H% pref—100 900 Roeser & Pendleton Inc...."' """600 EXCHANGE CURB sales 12 Months 1937 In YORK 12 28 Dec. 21 Rolls-Royce Ltd— 2.200 2,300 8,500 300 3,000 100 2,150 1,300 10,600 1,700 7,700 7,500 1,100 1,400 200 57,966 125 1,800 Am dep rets ord reg I,600 £1 13,800 Rome Cable Corp common..5 25,400 Roosevelt Field Inc —.6 157,900 Root Petroleum Co com.... I 5,600 $1.20 conv preferred....-20 43,500 Rossla Internet Corp ..... 875 Royellte OH Co Ltd ....* 24,600 Royal Typewriter com..... 24,100 Ruaseks Fifth Ave Inc...2.50 319,500 Rustless Iron 8c Steel Corp..l 4,950 $2.50 conv pref 147.700 Ryan Con sol Petroleum... 137,300 Ryerson 8c Haynes Inc com. 1 7,200 117,200 13,500 1,575 59,083 7,775 29,300 Gold Mining... 1 Ltd......* pref ........50 Co 5 7% preferred 100 Samson United Corp com.. ' 225 18,800 4,000 250 19,900 2,050 1,250 650 16 13 934 Dec. 21 19 2 At Oct. 32 Sept. 3534 Nov. 534 Oct. 5 Oct. 3434 Dec. 234 Oct. 1 Dec. Dec. 7 73 34 Dec. 20 434 Dec. 17 % Dec. 434 Dec. 6 34 Apr. 20 17 434 Dec. 17 234~Dec".~29 9 At 334 Dec" "4 29 234 Dec. 28 934 Dec. 21 234 8 34 Dec. > Sale 1 Sale 1^4 78 80 "iat""iat Sale Dec. 46 Dec. Dec. x78 15 2834 23 6 Dec. 89 Dec. 64 28 234 Dec. 29 234 1234 2334 Sale 1 Dec. Dec. 8 134 Dec. 24 1134 Dec. 29 2234 Dec. 17 13 25 1634 Dec. 29 634 % 334 48 50 234 634 Sale Sale 334 Sale Sale 97 Sale 97 Sale 44 Sale Sale 134 3534 134 2J4 234 5734 22 Dec. 17 234 Dec. 29 1534 Dec. 27 34 Dec. 29 234 354 Dec. 6 51 Dec. 8 134 Dec. 10 1334 Dec. 21 29 Dec. 3 Dec. 8 141 1,000 9,400 1,550 50 200 1,400 American dep rets.—..£1 Sentry Safety Control 1 100 Serrick Corp class B com 1 ...* 28.000 Seton Leather com 1 350,300 Seversky Aircraft Corp 5 423,700 Shattuck Denn Mining 42.900 Shawlnigan Water Ac Power.* 7,600 Sherwin-Williams Co com.-25 > 5% cum pref A A A.....100 4,780 1,635 Sherwin-Williams of Can.. " Shreveport Eldorado Pipe Line stamped......25 28,800 6,300 Silex Co (The) common._...* 4,300 40,700 Simmons-Boardman 450 5,506 3,300 120 100 1,800 9,400 1,100 4,900 1,000 1,900 140 200 4 1 18 19 24 19 8 7 Dec. 29 52 Dec. 29 58 Dec. 53 Dec. 29 58 Dec. 3 1,000 5,400 4,800 250 4,800 T,906 646 900 2,100 2,000 2,850 8,800 4,100 5,610 100 25,100 ,1,400 50 6,800 8,600 2,800 1,600 134 a* 19 Sale 30 Sale 7 234 834 2034 1 9134 3 10834 6 1834 Dec. 17 634 534 234 234 834 134 434 Dec. 8 Dec. 8 Dec. Dec. 20 8 Dec. Dec. 14 6 Dec. Feb 10 434 Jan. 25 May 28 26 17 55 Mar 10 11 109 Oct. 11 78 34 Jan. 10 734 Dec. 28 i9 Oct. Dec. 34 Dec. 20 4 634 Dec. 134 Dec. 29 234 Dec. 8 5 6 Dec. 3 Dec. 30 Jan. 14 1 534 5034 434 934 30 434 2834 10134 .6 Jan. 21 1 Mar. 31 Jan. 0 Jan. 25 Feb. Mar. 10 I 4 Mar, June 234 Feb S* 7 23 Jan. 20 Dec. 21 Mar Jan. 13 22 Feb. 23 Feb. 24 Mar. 11 15 Jan 2 Apr. I Jan. 28 1034 Aug. 12 34 Sept. 29 534 Dec. 11 34 Dec. 20 534 Dec. 11 534 12 334 Dec. 29 12 34 034 Ai Oct. 19 334 Oct. 19i 28 34 18 Oct. 18 3334 7234 Nov. 23 154 34 4 114 10634 Oct. 2834 17 Nov. 10 6 Nov. 16 35 7 34 134 Dec. 29 4J4 Nov. 22 1334 370 22134 Nov. 24 21 ... 5 ....1 189,000 Sonotone Corp 1 91,800 Soss Mfg Co 15,000 South Coast Corp com.....l 27,800 Sou Calif Edison pref B....25 5)4% pref class C___. ....25 26,700 5% original pref... ...25 3,220 10,500 Southern Colo Pow cl A. .25 60 7% preferred ......100 534 > 12,900 49,100 Southern Union Gas com...* 161,800 Southland Royalty Co.....5 ....25 61,850 South Penn Oil 50 2,450 So West Pa Pine Lines Spanish Ac General Corp Ltd Am dep rets ord reg shs..£l 80,700 Am dep rets ord bear—1£ 3,300 65,200 Spencer Shoe Corp ........* 6,146 Stahl-Meyer Inc com.......* ...* 18,400 Standard Brewing Co 19,900 Standard Cap Ac Seal com.. Conv preferred..........10 9,300 Standard Dredging Corp— 2,700 $1.60 conv pref new.. 20 14,350 Stand Invest $534 pr®f w w—• 150,700 Standard Oil (Kentucky)..10 Standard Oil (Nebraska)...25 Standard Oil (Ohio) com. .25 5% pref 100 Standard Power Ac Lt com..l Class B common ...» Preferred Standard Products C0......I Standard Silver Lead.. l Standard Steel Spring Co—5 Standard Tube class B.....1 6 434 3 34 Sale 634 2 134 534 534 15 240 Dec. 28 Sale 3 2 Sale 3 534 Dec. 5 534 534 6 28! 283 Dec. 29 226 Sale "234 Sale 134 2534 2634 2334 Sale 36 Sale 234 334 3 Sale 26 134 634 334 2634 2434 20 Dec. 3 Dec. 9 Dec. 20 Dec. 6 Dec. 2 36 Dec. 234 Dec. 234 Dec. 334 138 5 534 140 148 434 434 2 134 r634 Sale -34 1 6 234 At Sale 34 * 34 34 1 434 534 134 2 34 34 Sale . "934 "934 43 44 934 334 Sale 4 ' 434 134 634 148 148 434 2 234 634 7 3634 Sale 1834 2234 434 34 34 534 134 Dec. 2 Dec. 2 148 434 Dec. 20 Dec. 20 2134 7 17 35 2234 Dec. 16 20 8 At Dec. 22 34 Dec. 434 Dec. 27 134 Dec. 29 34 Dec. 22 534 Dec. 9 134 Dec. 16 34 Dec. 31 4 Jan. 19 Aug. 17 July 19 Mar. 10 14 Jan. 4 Feb. 19 Mar. 83 163 2 Aug. 24 734 Mar. 13 534 Feb. 20 Apr. 17 Aug. 17 Jan. 42 19 Nov. 7 Jan. 28 Oct. 11 Dec. 39 7 Mar. 15 234 1034 534 2934 334 Oct. ik Oct. 634 Dec. 20 1 20 25 2 148 Dec. Dec. 2 334 Aug. 25 2934 Mar 30 July Dec. 6 34 Dec. Dec. Dec. 30 Dec. 10 36 Jan. Oct. 1 13 3 15 12 Jun 100 534 Sept. 16 Oct I. 134 Oct. 134 Oct. 434 Oct. 23k Dec. 2534 Nov. 2334 Nov. 3354 Sept. Dec". 234 Dec. Dec. Dec. Dec. Dec. Feb. Feb. July 654 Apr. 21 434 Oct. 98 Jan. Dec. 35 134 Dec. 28 Dec. 134 534 234 2534 2334 2634 2434 24 5 65 170 South New Engl Telep Co. 100 Line.......10 Sale Sale 600 Skinner Organ Co 1,125 Smith (Howard) Paper Co. ........1 25,700 Solar Mfg Co..... 22,400 109,110 2,825 680,500 53,700 4,750 70,800 806,300 12,900 24,400 80 Sale Sale 534 Dec. 634 Dec. 29 3 1934 Dec. 10634 Dec. H Dec. 21 5 July 69 19 134 Jan. 11 34 Oct. 18 6 Dec. 21 2 6 0 25 Pub Singer Mfg Ltd........... Am dep rets ord reg shs..£I 10,500 150 Sioux City G Ac E 7% pref.100 Southern Pipe 134 834 Sale 20 19 1934 84 8134 Sale 434 Sale Sale 2034 At Dec. 8 34 Dec. 6 Dec. 21 3 34 Dec. 29 134 Dec. 23 5 0 Jan. 453(4 Dec. 27 34 D,c. 29 7 Dec. 29 52 Dec. 29 53 D c. 29 104 8 58 334 134 734 0 Apr. Apr. Apr. 29 Dec. 28 2 8 34 "434 "434 11 76,400 Simmons H'ware Ac Paint Co * 35,400 Simplicity Pattern C0......I 3,443 Singer Mfg Co...........100 370 "'"16 300 Corp conv pref At H 54 9 54 0 27 1534 3834 1134 11734 634 Selfrldge Prov Stores, Ltd— 2,100 100 4,300 18,400 24,900 Apr. Jan. 34 Oct. 1 Dec. 2 Mar. 5434 May 20 1 134 Dec. 934 Dec. 22 I* 27 % Dec. 28 1 Nov. 29 37 Dec. 22 Dec. 30 134 Dec. 10 37 Dec. 22 3 Jan. 51 20 7 1 17 19 0 15 19 1634 Dec. 29 1634 Dec. 29 734 Dec. 28 134 Dec. 1734 Jan. July 19 20 Oct. 1 5534 Mar. 29 Nov. 1 2 5 21 23 11034 July 19 1434 Apr. 1134 Dec. 2234 Dec. 109 Oct. 3634 Sept. 60 734 5034 Sale Dec. 1 Sale 50 28 37 42 rl Dec. % Dec. 28 1 134 Dec. Sale 1 Sale 57 7 734 134 ola 36 Sale 934 134 834 18 25~~ ~3l" 25"" "40" 3)4 Dec. Jan. Jan. Jan. 24 2734 Jan. 234 Oct. 57 Nov. 134 Oct. 50 Dec. 18 234 16 Dec. 334 Dec. 134 Dec. 27 "IH "134 "134 "134 4 9 1 50 334 3 42 15 Sale 334 334 2 10 57 2% 1 3 734 Dec. Dec. At 434 10 20 Sale 354 46 29 3 1.34 34 334 v 15 ~9~X Sale" Sale Sale 3 Sale 3 34 3 Dec. 534 Dec. 22 634 Dec. 29 3434 Dec. 29 7 Sale 35 43 Dec. 40 41 534 734 734 Sale 9 38 ~434 Sale" 40 44 Scranton-Spring Brook Water Serv $6 pref 300 Scullin Steel Co common...* Warrants 500 7,700 Securities Corp Gen'l com..* 20,725 Seeman Bros common 90,500 Segal Lock Ac Hardware com 1 262,900 Seiberllng Rubber com.....* 139,150 Selby Shoe Co com..._.....* 236,300 Selected Industries........! Convertible stock .....5 9,650 $5.50 prior stock ...25 49,600 Allotment certificates..— 42,770 4 Dec. 1,675 500 19 Aug. 28 Aug. 9 Feb. 3 27 15 Oct. Oct. 534 Dec. 28 common. 45,300 Savoy Oil Co...............5 II,800 Schlff Co com,.............* .......21" 57,050 ScovUle Mfg Co 50 Scranton Elec $6 pref......* 300 900 254 Sale 1034 Sale 634 Sale 12)4 570 Scranton Lace Co common..* 50 n 42 95 A $2 conv 8t Regis Paper 534 134 234 954 34 46 91 St Lawrence Corp 105 Sanford Mills Co 20 800 1,300 4,100 3)4 Sale 18H H 34 Safety Car Heating 8c Ltg... * St Anthony June 17 534 Oct. 19 26 234 1354 18 IS* Mar 1 34 Oct. 19 34 May 28 Oct. 19 1 134 Mar. 2 1234 Apr. 7 4 34 Jan. 1 14 134 Dec. 29 34 Aug. 17 Jan. 1 23 2334 Aug. 9 27 Apr. 17 19 16 Oct. 20 Oct. 19 15 1434 Dec. 1834 Dec. 9 34 Dec 1434 Oct. 28 19 1834 Sept. 1 6334 Jan. 14 2134 Aug. 20 834 834 1934 Sale 1834 9834 10134 100 134 Sale 134 1 1 134 2234 6 Dec. Dec. 29 Oct. 23 34 Dec. 16 19 19 45 100 Dec. 13 10134 Dec. 29 134 Dec. Dec. 28 Dec. 18 "534 Dec. 27 1634 18 1734 Oct. 1734 Dec. 21 9 1634 14 15 Sale 16 Sale ll 34 3734 10434 534 53k 12 Sale 10534 Sale Sale 3 6734 1 Sale 36 Sale 834 2334 9 Sale 10134 134 Sale 134 2 99 "634 "734 34 > Sale 17 Sale 9 Sale 8* 234 Sale 134 „ . Dec. 31 1634 Dec. 16 20 no 1934 Sale 15 Sale 934 Dec. 28 17 Dec. Dec. Sale 5 Sale 3 34 Dec. 734 Dec. 29 234 Dec. 29 834 234 17 Dec. 8 934 Dec. Oct Oct. 2 Mar. 11 Jan 21 13 14 7 1 25 19 Jan. Oct. 13 Jan. Oct. Dec. 21 Jan At Oct. 19 Oct. 19 12 Sept 29 234 Dec. 29 8 Mar. 30 25 Mar. 15 34 Oct. 1 134 Dec. 2234 Dec. 734 Dec. 20 At Dec. 1034 Dec. 6 3 1334 Apr. 7 10554 5 Dec. 27 r Feb. % Feb. Standard Wholesale Phos- 50 8,500 "'"loo "4",000 25 "5",900 3,800 9,800 2,000 2,400 2,980 4,800 300 15,400 2,800 2,250 phate Ac Acid Works 20 170,000 Starrett (The) Corp v t c..l 50 Steel Co of Can Ltd ord 16,200 25 279,825 28,400 118,400 77,100 193,000 488,220 143,600 1,175 For footnotes Taggart Corp cem 1 Tampa Electric Co .....* Rights expire Dec. 20. Tastyeast Inc class A....... Taylor Distilling Co Technicolor Inc common... Teck Hughes Gold Mines... Tenn E) Pow lm 1st 100 eee page 434 Sale r234 1534 Dec. 234 Dec. 29 Sale 1534 Dec. 434 Dec. Oct. 19 10 Feb. 11 27 93 18" 1834 110 Sale 13"" "14" 13 Dec. 17 Feb. 27 15 Dec." 17 13 434 534 Dec. 334 Dec. Sale 31 Dec. Dec. Sale Sale 234 Sale 26 4 1934 Sale 47 53 Nov. 26 Feb. 534 434 234 534 Sale Sale "I"34 "~13 1334 734 Sale 834 1634 6 4 Sale 434 la Sale cva 8 134 1034 7 34 1134 234 3034 13 12 7 34 634 Dec. 21 4 34 Dec. 29 2 34 Dec. 1 534 334 234 634 134 1034 634 Dec. Dec. Dec. Dec. Dec. Dec. Dec. 29 28 22 29 2 30 28 834 Dec. 9 13 Dec. 21 13 Dec. 21 3 Dec. 35 Dec. 10 Dec. 3 134 Dec. 8 13 34 Dec. 4 19 Oct. 19 11 Sale Sale 3 35 1634 3 3534 234 Dec. 28 31 Dec. 29 108 12 Sale 38 34 4 34 2734 i" "134 "2" 4 34 Sale 2134 534 7334 1 Sale Sale Sale 3» 34 134 1834 534 Sale Sale 434 2734 Sale 2734 Sale „ 34 '"At Sale Sale Sale 134 1634 534 _ 134 Sale Sale 334 2734 34 34 134 Dec. 29 Dec. ' Dec. Dec. 13 Dec. 29 15 Dec. 28 15 3k Mar. 17 Feb. 3 Oct. 19 2 Oct. 18 19 1334 7 54 654 27 54 534 33 34 19 28 634 Dec. 29 1 Sept 13 10 K Oct 534 Oct. Dec. 1 2 Oct., 18 1 31 Dec. 29 Oct. 20 27 57 Dec. 11 108 Oct 19 8 334 Dec. 29 2534 Nov. 22 9 34 Nov. 22 54 Dec. 134 Dec. 3 4 3k Oct 34 Oct. 16 Oct. 19 4)4 Oct. 53 34 July 19 3 57 Dec. 11 14 19 " Mar, 23 4 Feb. 20 2 Feb. 8 Mar. 2 Feb. Feb. 15 1934 Mar. 11 4 54 Jan. 25 50 Jan. 23 22 34 Feb. 46 17 Apr. 7 Feb. 11 13 119 3 534 Dec. 28 534 Dec. Apr 534 Oct. 21 Dec. Dec. 1 19 19 *>32 Dec. 20 1 5 Oct. 2934 Dec. 5 1334 Feb. Sept. 4H Oct. ,3 534 834 634 Dec. 13 834 634 Dec. 29 109 Dec. 28 111 107 Dec. 15 109 Sale 6 Feb 40 44 3734 107 Oct. 10 Sale 13 2134 July 8 534 5 31 "634 13 13 107 3 30 100 100 $3.30 class A part 50 7,300 Swan-Finch Oil Corp .....15 17,100 Swiss-American Elec pref.100 200 734 -_... 4,300 Stein (A)Ac Co com ...• 30 6)4% preferred ....100 103 934 95,300 Sterchi Bros Stores Inc.....* 3,860 1st preferred .........50 10 5,650 2d preferred. —20 76,600 Sterling Aluminum Prod—1 "634 64,200 Sterling Brewers Inc 1 434 272,500 Sterling Inc 1 15,475 Stetson (John B) Co com.. "2 68,700 Stinaes (Hugo) Corp—... 2534 64,130 Streock (S) Ac Co lac • 2534 39,800 Sullivan Machinery Co • 19 6,500 Sunrey Dtfug Co common—I 434 659,100 Sunny OH 1 4434 16,400 554% conv preferred.....56 5,875 Superior Port Cem B com...* 300 4,100 54,800 .4,600 7,100 34,300 10,300 734 1534 Dec. Feb. 13 8 Aug. 17 1634 Feb. 41 Jan 4 14 At Nov. 17 2 k Jan 11 5 54 Mar. 12 34 Aug. 10 6 34 Feb. 10 7 U Jan 8 Jan., 1938] AGGREGATE In December NEW YOKE CURB SALES STOCKSiConcluded.) 1,390 Texas P & L 7% pre!.. 85,800 Texon OH A Land Co 18,550 84,750 7,800 2,175 78,600 Bid 112 ■ I#' .2 Thew Shovel Co common...5 TUo Tobacco Prod Exports Am dep rets ord reft she..£l Am . 654 4 4X ""354 "3X 18 3 51 lfel 3 Dec. 17 7X Dec. 29 3' Dec. Dec. 4X 14X 9X 4X Dec. 28 9 9 "~254 "2X 21 17 X i6x 254 454 52 X 6 3 3 9 Dec. 31 Dec. Dec. Dec. 1 —1 1 .* 2h 2 10 X Jan. Jan. 25 5 19 4X July 14 14 X Oct. 2X Dec. 22 Dec. 22 40X Dec. 14 "254 Sale" 9 11 7X 7 16X Sale 6154 Sale 854 Sale UX nx Sale Sale OX Sale 9X 46 254 . X X 3X 6X % 454 Dec. 1 %, Dec. 29 6X Dec. 29 25 Sale 7 29 X Dec. 21 2X Dec. 28 Sale Sale 25 Sale Dec. 19 1854 Jan. IX Oct. 32X Oct. 19 3 74 2 Oct. Oct. X IX 4% % OX 9 Dec. 1 Dec. 2 754% pret... 25 7 Dec. 12,200 5% preferred.... 42,900 Unexcelled Mfft Co Inc IX IX X 25 354 mi 170 Union Elec of Mo 7% pref. 100 33,300 Union Cas of Canada ...* 1,600 Union Investment Co com..* .. UX 4 Sale" 17.300 13 X 7X 5X Union Premier Food Stores. 1 10 50 Union Stk Yds of Omaha. 100 United Alrraft 8c 49,200 12 1054 13 100 Union Oi lof Calif rights 10 Sale IX IX IX Dec. 29 IX Dec. 28 X Dec. 28 14 5X 1254 Dec. 29 5X Dec. 24 7X Sale 9X Dec. 29 20 X Common Sale 7X 8X 10 X 3X S3 cum partic pref....... .* Cigar-Whelan Stores. 10c 50 United Corp warrants United Gas 154 ..1 10 $7 1st non-vot pref.......* Warrants 120 common 4 3 38 United Lt 8c Power com Sale 8X Dec. 45 354 47 r45 * * * com S3 preferred.. Sale Sale 8 6? Sale Sale Sale 28 62 68 Am dep rets for ord reft 180 United N J RR 8c Canal..100 22,900 Unit Profit Sharing com....* 1,000 Preferred 10 19,000 United Shipyards class A 1 76,800 Class B 1 45,203 United Shoo Mach com 25 7,520 Preferred 25 22,000 United Specialties common .1 255,800 U S Foil class B * 66,600 USA Internet Sec com....* Sale 26,950 1st preferred with warr.. U S Lines Inc pref .......* 107,800 10,100 36,600 141,800 73,900 4,700 56,800 364,500 655,800 6,820 39,300 4,210 13.800 8,250 24,100 15,660 5,800 84,300 7,000 44,300 98,800 325,400 19,000 74,350 U S .10 5X Sale 4X Sale 93 Sale 96 IX Sale 3% 454 28 X 18 X Sale Sale Sale Sale 71 68 6 54 6 54 6X 10 United Stores Corp com vtc * United Verde Rxtenolon..50c United Wall Paper ...2 Universal Consol Oil Co 10 Sale 89 Sale 1 4 21X Sale rl754 Sale 68 16 X 18 71 6 12 11 2 54 2 91._ 2X 254 31X Sale 89 "l% "2" 20 X 3 "7X Sale" 1 Sale 8 3X Sale 454 Sale 14 2154 Sale" 12 X Sale 2 5 1 Sale 10 3X Conv preferred...........7 tUtll Pow A Light com......I Class B common........ 7% preferred....... 1 100 Vtc conv 454 87 8754 IX Sal 4 X Sal I X Sale 3 3X 24 1X Dec. Dec. Dec. IX Dec. OX Dec. 3X Dec. 2 4% IX Sale 34 Sale 2 46 X Dec. Dec. Dec. 22 Dec. 2 2X Dec. 28 12X Dec. 15 ¥ Sale 95 Sale 14 X Sale 6X 7X * 4X 11 2 x 2 X Sale 3 Sale 1 1 1 75 1 ""854 254 1354 6X 10X "9" • Sale , 22,000 Convertible preferred • 13,800 Wilson Jones Co com._...._* 11,000 Willson Products Inc .1 300 Winnipeg Electric class B * 440 Wisconsin P A L 7% pref.100 66,800 Wolverine Port Cement....10 955,200 Wolverine Tube Co com 2 60,400 Woodley Petroleum Corp_..l Sale 3X "7 1054 4X 9"" 10X 20 23 „ Am dep rets ord shs....._5s Am dep rets pref. £1 1,300 476,100 Wright-Hargreaves Ltd 61,000 371,400 For footnotes .* You nils town Steel Door....* Yukon Gold Co 5 see page 53. 2X Sale 6X 7 5 8 , 1054 15 22 Mar. 3 Feb. 5 Jan. 28 Jan. 10 Jan. 25 Jan. 18 Jan. 18 Jan. 18 Feb. 11 Feo. 9 Oct. Dec. Nov. May Dec. 22 Mar. 10 May 18 Jan. Jan. Dec. 19 Dec. 5 4 11 15" ~1554 12 1054 13 r9 X Dec. Dec. Jan. 25 Feb. 3 Jan 16 Mar. 18 J.n. 28 3X Dec. 32 2 Dec. Oct. 24 10X Dec. 3X Dec. 20 IX Dec. 7954 Dec. 7X Dec. 16 3 Dec. 23 X Oct. OX Nov. 26 28 8 Dec. 6 79 Dec. 10 98 Oct. 19 Oct. 19 6 Oct. 19 4X Oct. 19 5 Oct. Oct;. 19 2X Oct. 19 2 101 8 19 Feb. 4 Dec. 28 6 76 Oct. 19X Dec. 28 19X Dec. 28 19 Nov. 26 60 "8^"D"ec'."29 Aug. 8X UX 254 2X ox 7 8X July 3 2 12 Dec. 11 10X Dec. 11 10 Dec. 66 10 61 Oct. 2X Dec. 20 5X Dec. 1 7 Dec. 3 2 Oct. 1 7 Dec. 6 554 454 X IX Dec. Dec. Dec. Dec. 3 2 9 iig 22X Sale 23X "7X Sale" 354 3X 554 Sale OX 7X 17 X 18 X 17X "7X Sale" "7X Sale" 16 2X 3 17X Sale 19 X 2 Sale IX Sale Sale 10 254 Dec. 27 454 Dec. 29 6X Dec. 29 17X Dec. 29 "7 "Dec*.*28 15 X Dec. 2 IX Dec. 29 Dec. 17X Dec. 4 fX Dec." 21X Dec. 2 Dec. 1 13 31 16 19 11 2 62 Apr. 8 9 June 6 10 18 19 19 7 95X Mar. 5 5X Mar. 17 14 June 1 9X July 7 12 X Feb. 2 IX Jan. 20 954 Jan 25 24 May 13 1654 May 21 10 95 Jan. Jan. 18 8 8X Feb. 1 1854 Feb. 10 1254 Jan. 15 7 19 2354 Jan. 7 7 654 Apr. 854 Jan. 10 14 X Nov. 26 IX Oct. 19 3054 Sept. 13 454 Mar. 11 554 Oct. 9 Mar. Mar. Jan. Mar. 0 Dec. 28 Oct. 7X 1354 0254 21X 3 4X Dec. 29 5 Feb. 23 954 Aug. 16 5 Feb. Nov. 23 Jan. 8 15 h Oct. 6 Apr. 5 10 X Apr. 13 X Apr. 32 8X Dec. 27 6 66 1! _ 30 Aug. 9 Aug. 0 454 Jan. 29 11X Jan. 23 2X Jan. 25 Mar. Nov. 23 . Jan. 23 13 117 Oct. 19 Oct. 19 Dec. 29 Oct. 19 Oct. 19 Dec. 15 Dec. 29 Dec. 13 Dec. 29 Dec. 7 Dec. 28 Dec. 27 Dec. 11 2X Dec. Feb. 16 Apr. 15 954 Feb, 5 354 Jan. 25 100 Jan. 12 18 X Feb. 3 19 X Oct. 19 % Nov. 3 Dec. 28 10X Feb. 15 73 33 Dec. 16 Dec. 15 IX Oct. OX Dec. 2X Dec. 354 Dec. Dec". 19 72X Oct. 20 6 8 IS Dec. 21 12X Dec. 15 Dec. Dec. Dec. Dec. Sale 28 X Dec. IX Dec. 17 X Dec. 2 Dec. Sale 12 12 Feb. 5 Feb. 23 Jan. 28 July 21 Apr. 9 Jan. 2 Jan. 18 Feb. 18 Sept. 15 Apr. 10 Jan. 9 Jan. 16 Dec. X IX 9X OX 354 Sale X Sale X 1 M Sale a 5 8 26 13 23 11 10 Jan. IX Dec. 2X Dec. 8 2X Dec. 6 2X Dec. 29 19 IX Dec. 5 Jan. Jan. Dec. 11 Dec. 8 Dec. 18 28 Feb. Mar. Jan. Mar. Feb. Mar. Mar. 454 Dec. 54 Dec. 42 26 Aug. Dec. 43 28 Jan. 3X Dec. 3 13 Apr. 6 Aug. 5 July 27 83 2X Sale 554 654 5 454 1 Woolwerth (P W) Ltd— 20,400 May 28 Nov. 1 8H~Dec"~29 29 X 6 19 Jan. m Dec. 5654 Dec. IX Dec. 79 1154 West Texas UtlUtles Co— . Feb. Oct. Dec. 5 210 West Jersey A Seashore RR 50 325 Westmoreland Coal Co * 2,170 $6 preferred ......* 135,600 W Va Coal A Coke com.....* 5,100 Weyenberg Shoe Mfg Co 1 7,000 Williams (R C) A Co * 31,100 Williams OH-O-Matic Htg.._* 51,500 J W11-Low Cafeterias com 1 30X Mar. Dec. : 1 7% 1st preferred .100 Western Tablet A Stationery ..... 19 Oct. 2X Dec. 12X Dec. Dec. 16 15 Dec. Dec. 27 X Dec. 28 xlX Dec. 11 754 Dec. 24 $ 9X __ 12 X Nov. 15 Mar. 24 Oct. 83 11 83 Sale** Western Maryland Ry— 21 85 Oct. Dec. 7 Sale 10X 20 Dec. 23 Dec. 27 Dec. 29 2X Dec. 29 11 400 Western Cartridge 6% pf.100 com.. Dec. 21 6X Dec. 29 7X "2" J Jan. _ Oct. 5 it* 5X 12 Sale 354 . Common 14 24 • vtc 18 10., July 14 nX Apr. 12 6X Dec. 23 15 Dec. 15 6,100 Waltt A Bond Inc class A * 8,600 Class B 167,100 Walker Mining .......J 31,800 Wayne Knitting Mills 5 14,600 Weisbaum Bros-Brower Co. 1 70,400 Wellington Oil Co common.. 1 106,300 Wentworth Mfg Co ..1,25 67,700 Western Air Express Corp..l 6,410 Dec. 20 Dec. 17 30 7% preferred 100 1,000 Wahl (The) Co common....* Grocery Dec. 27 14 Petroleum. 1 Virginia Pub Serv 7% pref 100 Vogt Mfg Corp » l 7 23 . IX Dec. 28 Sale 4?* Sale 1 6X Feb. 3 27 10 9 X Feb. Oct. 28 10 10 5 com 8 8 4 X Jan. 114 Feb. 2 13 5 pref Venexuelan Western Dec. 31 9 Sale 110 840 Dec. 15 2 Valspar Corp vtc common..1 Van Norman Mach Tool Venezuela Mexico OH UX Feb. 254 Dec. IX Dec. 76 X Dec. 38X Dec. 7X Dec. 3^ Dec. 22 Dec. 15 13 34 10 28 Dec. 18 8X 3X Dec. IX Dec. 27 AX 4 13 X Feb. Dec. 1 8 Dec. Sale 9 4X IX Sale 42 X Sale 5 22 Nov. 69 X Dec. IX Dec. 23 21X Dec. 20 2X Dec. 29 fc Sale* IX 12 X 49 Utah Radio Prod com......* Priority Stock... ...... Utility 8c Ind Corp com.. 5 20 4X Dec. 28 AX Dec. 29 % Dec. 16 Sale 2 9 2 5 Sale 5 5% % IX 51 Sale IX IX 21X 22X 2X 3 5X X Sale Sale 6 ..1 ...... Dec. 154 Dec. 7 X Dec. 29 67 X Dec. 17 70 X Sale Sale X 3X 2X 1154 a....8 22 Sale 26 Apr. Jan. 31X Fob 17 86 May 8 19 July Dec. 3X Dec. 4X Dec. 30 X Dec. X Dec. 15 Sale Sale Sale 6X Sale % Sale 18 26 19 19 Oct. X Dec. 1 74 6954 Dec. Sale Sale IX 69 X Sale 18 25 28 Dec. Oct. Dec. ; Feb. Mar. Jan. Feb. Feb. 9X Mar. 6X 1 Sale Universal Insurance 26,400 Waco Aircraft Co 25,100 Wagner Baking com 4,750 Dec. 2J4 Dec. 354 Dec. 20X Dec. 38 Universal Pictures com... 1 Universal Products Co......* com 4 5X Dec. 101X Dec. IX Dec. Dec. Dec. 92 IX Sale Sale 3 A* 6X Universal Corp v t c Utah Idaho Sugar Co... Utah Pr A Lt $7 pref...... 8 Mar. 3X Dec. $ 3 IX Dec. IX Oct. X Dec. 112 May UX Oct. 454 Oct. X Apr. 9X Oct. 11X Dec. 24 Dec. 30 r45 3X Dec. 98 IX 6X 6X 2 2 a Reclaiming....* U S Stores Corp com........* $7 Conv 1st pref.... * Utility Equities 3 13 29 ... 3X com com U S Rubber ' 53,600 6,100 16,700 61,800 448,000 1,010 22,900 Playing Card U S Radiator 2 X Dec. 28 X Dec. 22 X ..... , Dec. 10 19 24 9 26 . Mar. % Sale X Sale United Molasses Co Ltd— ■ 6 13X Dec. 22 6X Dec. 8 2X Dec. 29 74 A...* Common class B... $6 1st pref United Milk Products 38 154 254 Sale . 17,100 8 * 620 United G8c R 7% pref... 100 913,000 27,700 288,100 2,370 1,319 10 54 60 • ..... 100 United Elastic Corp...... 2,404,700 68,300 300,500 10 Dec. IX Dec. Tranap— Warrantsc Un Dec. 2 85 United Chemicals Inc— 27,700 800 141,900 121,900 2 21 Dec. Oct. Nov. Dec. Nov. IX Oct. 5X Oct. 13 Fe July 28 23 105 18 115 6X Oct. 25 3% Dec. 10 66 29 X, Dec. Dec. 3 Dec. 22 Dec. 1 33 28 2X Dec. 4 6X Dec. 29 19 Oct. Dec. 14 Dec. 11 V Ulen Ac Co 18*4 Mar. 10 2 29 "m2XD~ec"."l3 2X Dec. 22 Sale X 2X 554 X 19 Nov. Apr. 90 IX Sale 454 Sale Highest 5X Oct. 3 95 Tublze Chattllon Corp— com.. "2X Dec." m 2 45 ..10 114,660 Trl-Contlnental Corp Warr.. 3,400 Trunx Pork Stores Inc • 38,300 1937 Sale Prices Sale Prices 96 Oct. 29112 Jan. 2 2 Oct. 19 754 Jan. 26 9 Dec. 28 25 X Sept. 13 55 Dec. 1 com. Trans western Oil Co YEAR Lowest Sale Prices , Dec. 100 4 7% Sale 4% Sale 1054 Highest Sale Prices Sale 9 710 7% preferred A 100 77,400 Tonopah Belmont Develop..1 52,700 Tonopah Mining of Nev 1 265,000 Common........ 41,550 Class A 123,300 T-jnft Sol Lamp Wkn 40.700 80-cent div pref Lowest Ask Sale 954 * Trans-Lux Plct Screen Dec. 31 Ask Bid „• dep rets del reft 5s Todd Shipyards Corp * 560 Toledo Edison 4% pre#..100 191.800 148,200 Bid "l2X Sale' Roofing Inc ..1 Realty 8c Constr..* Tobacco A Allied Stocks Tobacco Secur Trust Co Ltd , Dec. 1 Ask 6 .. Tishman 3,900 4,000 22,350 RANGE FOR Price Jan. 2 1937 Shares 49 PRICES IN DECEMBER NEW YORK CURB EXCHANGE 12 Months 1937 EXCHANGE X L aggregate In December EXCHANGE CURB YOEK NEW 50 Price NEW YORK CURB EXCHANGE 12 Months 1937 Jan. 2 Ask 10454 1942 48,000 Abbott's Dairy to Sale 3,058,000 Alabama Powsr 4Xs-._--.1447 104X 1st 4c raf to—...—...1994 408,000 Sale to 1948 1,464,000 108X 1st Sa 1944 1,138,000 10454 Sale 1st Ac rof 9s—......—1951 1,326,000 1948 106 X Sale 885,000 Aluminium Ltd 9a 9s called 1948 19,000 Anter Gas Ac Blee dab 9s .2428 107 X Sale 3,575,000 Sale Deb to called 2028 106 4,000 103 77 Lowest Ask Ask Bid Bid Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Dec. 31 Dec. 1 1937 Bid BONDS 2,000 237,000 31,000 107,000 84,000 54,000 37.000 92 Sale 84X Sale 86 X Dec. 102 98 X 102 77 80 X 92 92 X 91 104 X Sale Sale Sale 106 107 Dec. 1 107 X Sale 107 X Dec. 31 93 Sale 93 106 X 106 X 106 95 X 1 1 84X Dec. 99X Dec. 29 Sale 100 Sale 101 102 Dec. 71 82X Dec. 86 93 X Dec. 10 78X 88 Dec. 7 97 101X Dec. 21 87 95X Dec. 13 106X Dec. 15 102 13 103 Dec. 80 Dec. 3 105 104 — 243",600 . Sale 106X Dec. 119X Sale 108 108X 101X 102 104 X Sale 64 X Sale 111 106 to 2014 5,664,000 401,000 Amer Radiator dab 4 Xs- 1947 241,000 American Seating 4a stpd 1944 1956 104H 104 X 1,735,000 Appalachian El Pr 5s 22,000 30,000 130,000 267,000 325,000 199,000 357,000 2,189,000 3,469,000 3,549,000 6,000 276,000 3,000 48,000 1,000 173,000 18,000 198,000 45,000 Assoc Gas A Blec 4H* 1948 195,000 58 1948 3,550,000 Registered............ 11,000 m« Inv ctfr—.....1988 706,000 5J4* 1st ctfs reg ...1918 3,000 «H»a series C 1949 3,469,000 5Xa -.1977 234,000 Cone deb 5s..........1950 3,247,000 Assoc Tel A Tel 5Xs A ...1955 1,100,000 Atlanta Gas Light 4Xs~1955 280,000 2024 1941 Ark Louisiana Gas 4s—.1951 Arkansas Pr k Lt to—_19to Associated Blec 4 His 1953 9s , 947,000 1,197,000 802,000 58,000 237,000 1,790,000 43,000 89,000 119,000 12,000 247,000 60,000 78,000 43.000 38,000 935,000 Canada Nor Power to....1953 2,040,000 ♦Canadian Pacific Ry to. 1942 2,130,000 Carolina Pr A Lt to 1954 247,000 Cedar Rap Mfg A Pow 5s. 1953 3,280,000 Cent 111 Pub Serv 4 Xs F.1947 927,000 5s series B—......1954 1,331,000 5s Series G 1V48 419,000 4Ha series H 1*81 447,000 Cent Ohio Lt A Pr 5s A-.1950 42,000 314,000 183,000 265,000 193,000 23,000 54,000 104,000 17,000 93,000 789,000 68,000 92 Sale 91 Dec. 94 Dec. 4 89 Oct. 19 Sale 33 Dec. 40 X Dec. 6 28 Oct. 19 67 Sale 61X Sale 29 31 33 Sale 27 77" "7856 62" Sale" 62 29 X Sale 28 42 56 38 244,555 755,000 1,000 14,428,000 2,000 1,998,000 578,000 4,555,000 1,000 2,673,000 25,000 73,000 24,000 30,000 25,000 247,000 2,000 79,000 1,358",660 1,000 95,000 29,000 422,000 21", 555 5,000 124 145 Sale 87 Cities Service 5s. ........1946 5s 103 X 113 105 X Sale 112 X 112X 103 X Sale 104 103 X 102 103 X Sale Sale deb 5s..——.1950 104X 106 00 99X 109X HI 80 X 81 100 X 101 104 Sale 78X 81 79X Sale Cities Serv Gas Pipe L to. 1943 Cities Service PAL 5XS.1952 5X* registered 5Xa gold deb ——1952 1949 102 X 102 102 X 103 75 X Sale 75X 76X 51 55 ' 1937 Bank 5X* 1957 Commonw Bdiaon 4X« 5s series A—.......1953 5s series B—..........1954 ..1956 456s series C...... 111H 110X 110X 110X 106 X 112 110 111 110. Sale Sale 4s series F 1981 4s series F reg 1981 354 s series H 1965 106X —1971 3X* series N 6s A stamped ....1943 94 X Sale Continental G A R15s ...1958 461,000 Crucible Steel 5s —1940 102 X 103 X 96 X 389,000 Cuban Telephone 756«--1941 99 120,000 Cuban Tobacco 5s 78X 81 1944 454,000 Delaware Blec Pow 5Xs—1959 173,000 Denver Gas A Blec 5s....1949 1,667,000 Detroit City Gas 5s B 1950 1,216,000 4s series A 1947 761,000 ♦Detroit Int Bdge 6 56s.-1952 ♦Ctfs of deposit....— 430,000 349,000 ♦25-yr s f deb 7s 1952 326,000 ♦Ctfs of deposit......... Sale 108X 106 Sale 6,373,000 Bastern Gas A Fuel 4s A.1956 94X Sale 1,685,000 Edison Blec IUum 3Xs—1965 108X 108X 93 X Sale 2030 6,238,000 Blec Pow A Lt 5s 179,000 Elmlra Wat Lt A RR to—1956 108X 113 314,000 El Paso Blec 5s A 1950 103 X 104 103 935,000 Empire Dist Blec 5a.—..1952 103 92 X Sale 2,360,000 Empire Oil A Refining 5 Xs' 42 1,000 5Xs registered..—.—1942 153,000 6Xs 291,000 Brie LlghtlngSs 1,006,000 j 18,000 47,000 37.000 1,000 300.000 49,000 289,005 39,000 13.000 166,000 628,000 1953 .1947 Federal Water Serv 5Xs.l954 Sale 105X 106 91 91X Firestone Cotton Mills 101X 102 X to. 1948 102X 103 X 4,793,000 Florida Power A Lt to 1,176,000 3,239,000 489,000 483,000 Gary Blec A Gas— 5s ext stamped ........1944 Gatineau Power to......1956 to 1941 to eerlee B—.......... 1941 see page 63 Finland Residential Mtge to stamped 1961 473,000 Firestone T A R Cat to..1942 26,000 First Bohemian Glass 7s. 1957 For footnotes Sale 85 1 Dec. 62 112X 118X 120X 128 X 85 82 Dec. Dec. 1 Dec. Dec. Dec. Dec. 30 Dec. 23 113 91 115 Sale 101X Sale Sale P 92 Sale 115 114 91X 98 X 100 98 99 88 90 Sale Sale 91 Sale 93 91 3 Dec. 21 Dec. 22 Dec. 21 Dec. Dec. 29 Dec. 7 Dec. 3 90 X Dec. 11 Dec. 14 Dec. 88 8 Dec. 21 72 X Dec. 8 89 Dec. 11 Sale Sale Sale 35 Sale 35X Dec. 29 Sale Sale 42 X Dec. 44X Dec. 44X Dec. 46 X Dec. 21 106 X 105 X Sale Dec. 29 53| 1954 92 92X 105X 106 X 105X Dec. 28 106X Dec. 107 Dec. 22 106 X 108, 105X Dec. 91X 92 X 91X Dec. 104 94 Sale 95 100 X Sale 101 103 101 99X Sale Sale 101X 100 6 93 Dec. 20 Dec. 10 106X Dec. 18 106 X 106 X 106 Dec. 46 Sale 39X Dec. 27 50 86 88 Dec. 17 Dec. 85 90 87 Dec. 16 91 Dec. 10 89 X 96 X 90 104X 106 47 89 90 Sale 90 64 Sale 60 59 X Sale 56 X 93 X 100 Sale 65 54 Sale Sale 55X 67 94 101 60 X Dec. 15 65 Sale 55 X Dec. 28 7 58X Dec. 92 Dec. 15 60 X Dec. 21 58 X Dec. Sale • Sale 100 51 Dec. 94 Dec. 22 Dec. 10 15 56 X Dec. 21 Sale" ~52X Sale" 51X Dec. 28 56X Dec. 22 Sale 67 53 Dec. Dec. 23 Dec. 3 Dec. 8 Dec. 2 Dec. 8 1 111X 112X 112X 111X 112X 113X 111X Dec. 20 113X 113 112 m Sale SB? B? 105 X Sale 112X Dec. 21 112 Dec. 29 111X Dec. 18 107 X Dec. Sale 124X 130 106 X 107 105X 106X 105 103 X 59 X Sale Sale 95 X Sale 127 128 Dec. 29 102 X Dec. 2 103 h Dec. 29 57 Dec. 29 67 X Dec. 1 86 Dec. 28 96 X Dec. 2 Dec. 107X Dec. 24 Dec. 122 122 Sale 120X 125 1061 120J Sale 103 X 103XDec. 106 X 108 61 60 X Sale 77 h 78 X Sale 101. 101X 102 97 96 X Sale 50 60 101X 108 X 101X 104X Sale 108 X Sale Sale 5 6 6 2X IX 71X Sale 10669 X 104 X Dec. 30 Dec. 16 Dec. 8 1 6X Dec. 16 102X 103 67 X Sale 96 1 102 Dec. Sale Dec. Sale Sale Sale 102 50 Sale Sale 79 Sale 101X 54 X 100 102 108X 101X 103 X Sale Sale t* I *8 IS 60 Dec. Dec. 1 4 104X Dec. 8 2 65X Dec, 9 80X Dec. 16 77 X Dec. 29 4 102 Dec. 101 96X Dec. 1 100 Dec. 28 54 Dec. 10 Dec. 3 55X Dec. 20 Dec. 24 103 Dec. 11 3 108X Dec. 10 108 X Dec. 1 101X Dec. 28 100X Dec. 2 103 X Dec. 17 105 Dec. 100 4X Dec. 17 3X Dec. 20 1 Dec. 29 X Dec. 13 66 X 64 107 X 67 X 106 Dec. 29 , 5X 4X IX IX 2 Dec. Dec. 11 18 Dec. Dec. 27 73 X Dec. 101 1023 Sale 100 87 Sale Dec. 15 104X Dec. 9 102 88 X Dec. 30 77 3 71X Dec. Dec. 101 84 65 57 Dec. Sale 75 X Sale 84 72 57 Sale 55 1 108 Dec. 29 71 104X 105 63 66X 102X 104 105 104X 105 93 86 95 Sale 103 X 66 X Sale 67 X 103 62 86 Sale 58 Dec. 13 67 Dec. Sale 104X Dec. 13 105X Dec. Dec. 2 105 105X 106X 104X Dec. 94 100 95 85 X Sale 85 Dec. Dec. Dec. 8 95 7 89 X Dec. Dec. 17 85 X Dec. 8 104 X Dec. 3 101X Dec. 3 101X Dec. Dec. Dec. Dec. Oct. Oct. 16 19 Oct. Oct. Oct. 94 99 19 18 19 103 X Apr. 1 107 104 X Mar. 23 107 91X Dec. 6 100 105X Nov. 17 110 39 X Dec. 27 84 86 Dec. 17 101X 87 Dec. 16 105X 45 June Oct. Oct. 36 X Oct. 75 Feb. 36 Sept. 28 June 9 Jan. 0 Jan. 4 14 Feb. 10 Jan. 10 Jan. 8 Dec. 23 Dec. 3 Dec. 8 110X Jan. 110X Jan. 107 X Apr. 1 Sept. July 23 Dec. 30 Dec. 16 Dec. 8 Oct. 106X Dec. 100X Mar. 104X June Oct. Dec. 8 90X Jan. 99X Oct. 86 7 Jan. Oct. 66 4 19 104X Apr. 28 19 79X Jan. Feb. 17 46 X June 107 X Apr. 102 3 Jan. Feb. Jan. Oct. 58X Dec. 88 92 Feb. 8 Jan. 18 Jan. 7 Jan. 8 Jan. 23 Jan. 7 June 23 Sept. 70 42 8 6 101 Jan. 123 X Aug. 105 July 118 Apr. 130 Jan. 109 X Jan. 126 X Jan. 18# 99X Apr. 9 104X Feb. 8 Oct. 60X Oct. 99X Oct. Oct. 19 14 8 19 98X Oct. 20 106 Jan. 97 X Oct. 26 92 Nov. 52 97 4 Jan. 11 Mar. 13 May 12 Apr. 80 Jan. 7 20 Oct. 19 Oct 19 Jan. 95 X 6 Mar. Mar. 3X Dec. 20 1 Dec. 29 X Dec. 13 Dec. 29 11 Mar. 18 Jan. 19 July 30 July 20 Jan. 22 18 60 2 Jan. 2 22 Mar. 23 109 Jan. 8 96 X Jan. 27 Feb. 11 May 22 115 Dec. 9 104 X Oct. 6 Dec. 30 103 X Jan. 4 93 X Jan. Oct. 13 5 Oct. 54 103 6 12 Jan. 2 Dec. 2] Jan. It Oct. 1 Dec. 16 104X Dec. 9 18 14 22 19 21 Jan. 73 Dec. 21 4 Dec. 102 X Dec. 21 104 X Dec. 102 X 105 X 83 X 83 X Sale 103X 104X 102 X 101 102X 102X 101X Sale 100X 101X 101X Sale 101X 84 102 X 1 Jan. Aug. 81 Mar. Oct. Sept. 31 31 33 84 Dec. Jan. Jan. Jan. Jan. Jan. 63 Dec. 30 9 Dec. Dec. 21 87 Dec. 124 125 145 : 95 Oct. 87X Oct. 3 Sale Sale Sale 103X 104 653 Oct. 6 74 Nov. 12 115X Jan. 6 Nov. Mar.: Mar.! 111X Feb. 86 X Oct. 99 X Oct. 88 65X Dec. 30 86 X Dec. 28 Sale Feb. 17 Jan. 21 91 Sale 68 Jan. Jan. Oct, 102 Dec. 23 Dec. 29 113 X 90 X 100 97 Oct. Oct. 8 8 8 83X Dec. : 102 X 103 94 6 Jan. 73 X Oct. : 56 Dec. ! Dec. 103X 103X 102 X Dec. 106X 106% 107X 105 X Dec. Sale 95 X 96X 93 X Dec. 10 8 Jan. 128 85X Dec. 56 8 Oct. 114X Mar.! Dec. 83X Dec. 80 20 Dec. 59 110 113 Dec. 22 Dec. 21 7 May Dec. Dec. Dec. Dec. Dec. 16 Jan Oct. 92X Dec. 1 106 4X IX X 103 X 107 105X 106 X Brcole Marelll Blec Mfg 81,000 65 103 X Consol Gas Utilities— 4,000 25,000 Sale Sale 111X 114X 112X 113 120 118X Sale 119 120 X Sale 121 Sale 128 X 130 129X 130 79 X 83 84 X 82 56 X Sale 59 Sale 95 Jan. Jan. 69 34 X Dec. 22 75 Dec. 9 70X Dec. 92X Dec. Jan. 2 June 28 59X 20X 32 X 22 X 44 X Registered Cities Service Gas 5X«—1942 739,000 8,036,000 635,000 104,000 759,000 7,000 42,000 55,000 186,000 Sale Sale 95 Sale 43 43 Consol G B L A P Bait— 22,000 7,000 90,000 82,000 50,000 22,000 43,000 38,000 59X Dec. 23 29 X Dec. 1 40 Dec. 7 95 70 X 86 X 103 Sale registered—.......1966 Conv 1,061,000 134,000 787,000 55,000 27,000 15,000 Sale 37 5 May 10 55 9954 98X, 103 112 1,547,000 Com'w'lth Subsld 556s A.1948 103 Sale 1,712,000 Community Pow A Lt 5s. 1957 85 X Sale 974,000 Community Pub Serv 5s A1960 100X 101X 24,000 Conn Ltg A Pow 7s A....1951 128 130 141,000 Consol Gas of Bait 5s—1939 109X 111 115,000 4X s 1954 124X 127 59,000 Sale 29X Dec. 4s series B ♦Commers und Prlvat 107,000 130,000 61,000 Sale Sale Chicago Dist El Generating 407,000 390,000 487,000 434,000 449,000 5,903,000 2,000 1,860,000 55,000 " Oct. 22 32 X Dec. 21 29 X Dec. 2 62 X Dec. 30 68 98 X 85 .1941 Chicago 111 Midland Ry— 514,000 454s series A.......—1954 Chicago Junction Rya A 416,000 Union Stock Yards to..1944 1,285,000 {♦Chic Rya to ctfs of dep.*27 350,000 Cincinnati Strset Ry 5Xsl952 428,000 4s series B ...1955 Sale 2 Jan. Jan. Jan. 23X Oct. Dec. 10 29 29 29 X 31X 70 X 92 X Sale 72X 73X 104 X 105 98 34 32 X 1968 ..1959 Broad River Power 5s A.. 1954 4Hs series A....——1970 19 35 X 695,000 Central Power to ser D..1957 6,014,000 Central Pow A Lt 5s 1956 2,110,000 Cant States Blec to——1948 3,924,000 5XS 1954 2,114,000 Cent States Pr A Lt 5X«.1953 27,000 8,000 8 Oct. Sale 115 123 123 X 141 Birmingham Blec 4X« 97 105X Oct. 3 2 22 98 X Mar. Mar. 22 119> i09 Dec. 13 Dec. 11 100X Dec. 8 11 13 8 96 X Nov. 12 Sale 100 108 Sale 14 96 X «»an. 18 93 1959 1st M to ssr B June 1 1957 5s series C —.1940 Bethlehem Steel 4s.——1998 913,000 Birmingham Gas 5s 309,000 June 38 X —1950 ♦Convertible 6s Bell Tel of Canada 5s Apr. 103X Jan. 12 81 Dec. 31 103 X Oct. 19 88X Dec. 21 106X Dec. 16 113 108 Oct. Oct. Oct. Oct. 68 106 X Dec. 15 111X Dec. 111X Sale Dec. 107X 107X 107 99 X Dec. 99 X Sale Jan. D5X Jan. 99 X Jan. D8X Jan. [)5 Jan. 37 X June 35 X May 38 X June 96 Jan. 95» Oct. Oct. 110] 102! 104] Baldwin Locomotive Works— 600,000 137,000 65,000 12,000 70,000 149,000 92,000 29,000 Sale Sale 77 Sale Dec. 21 81 Dec. 80 104 X 106 X 105X 105X 105X Dec. 81 Dec. 89 81 Sale 86 105 Dec. 105 X Sale 105 X Sale 316,000 26,000 5,000 173.000 8,000 75 102 Sale 104 X Sale 105 Sale Jan. Oct. 105 X Mar. 1 107 X Dec. 23 American Power At Light Appalachian Power to year 1937 range for prices in december sales 19 July 1 84 July 73 X Feb. Oct. 11 Dec. 16 108X Mar. Dec. 13 93X Jan. Jan. Jan. 18 13 104 X Dec. 15 105 X Dec. Oct. 1 4 6 7 Oct. 8 Aug. 17 105 X June 10 Jan 16 Sept. 10 96 Oct. 91 100 X Jan. 4 19 101X Sept. 25 104 X Oct. 22 102 X Oct. 20 101X Jan. Jan. 8 2 2. Jan. 2 JAN., 1938] AQGREQATE In December S 18.000 12,000 103,000 2,000 63,000 387,000 27,000 16,000 195,000 40,000 53,000 4,000 NEW s 52,665 27,000 24,000 63,000 53,000 166,000 164,000 16",666 6,000 44.000 >■ 3,000 19,000 4,000 32,000 66,000 54,000 17,000 184,000 92,000 21,000 23,000 11,000 604,000 198,000 i Dec. 1 Bid 100 Gen Pub Serv Go Sa 104 105 95 54 Sale 1953 Gen Pub Utilitiea 6Ma A .1956 ♦Gen Rayon Ltd 6a A....1948 A..1943 1967 590,000 Georgia Pow A Lt 5a....1978 102,000 ♦Geafuerel 6a..... ......1953 444,000 24,000 Price BONDS (CoattMMd) Gen Bronxe coot deb 6a. 1940 1,076,000 Gen Wat Wka At Rl 5a 5,400,000 Georgia Power ref 5a 26,000 Glen Alden Goal 4a Gobel (Adolf) deb ....1965 454s ..1941 Grand Trunk Weat Ry 4a 1950 Great North Pow 5a stpd 1950 Grocery Store Prod 6a 1945 Guantanamo A W Ry 6«. 1958 Guardian Investors Corp— Ask 100M 68 70 M 94 95 104 M Sale 87M 88 M 34 86M Sale 85 104 88 10454 107 54 109 8754 90 58 61 .......1948 68 70M 206,000 Hackenaack Water 5a A.. 1977 217,000 5a 1938 Hall Printing 6a A atpd..l947 17,000 ♦Hamburg Blec Go 7a 1935 96,000 ♦Hamburg E A Und Ry5Ms'38 696,000 Heller (W E) Ac Co 4a w w.1946 253,000 Houat Gulf Gas 6 Ma w w. 1943 470,000 6a 1943 10,000 ♦Hungarlan-Ital Bk 7 Ma. 1963 655,000 Hygrade Food 6a„aer A ..1949 144,000 6a aerlea B 1949 103 Ullnola Nor Utll 5a 1957 41,000 (lllnola Pow At L 5 Ma 1957 1.165,000 5Ma aerlea "B" 1954 2,898,000 6a aerlea A............1953 3.584,000 5a aerlea G ........1956 9,000 5a registered 1956 580,000 Indiana Elec Corp 6a A..1947 154,000 6Ma aerlea B ...,.1953 935,000 8a aerlea G............1981 1,000 5a G registered ...1951 23,000 362,000 113,000 277,000 1,306,000 767,000 255,000 Indiana Gen Service 5a 1948 Indiana Hydro-Elec 5a A. 1988 Indiana * Mich El 5e_.__1957 1st Ac ref 5a 1955 Bid Ask Bid 78 80 80 75 72 76 86 X Sale 68 Sale 30 36 69X 87 M 31M 70 66M 2.285,000 Debenture 1957 6a 1953 Sale Prices 74 Dec. 30 82 Dec. 8 36 Sale Prices Sale Prices Dec. 28 Dec. 70 74 J 74 j 86 74M Dec. 17 17 Dec. 29 Dec. 14 Dec. 27 58 30M Dec. 10 67M 77 Dec. 2 Dec. 23 Dec. 88 68 31M Dec. 6 69M Dec. 9 59% Dec. 15 92 Dec. 9 107 M Dec. 29 70 Dec. 1 52 54 Dec. 13 38 79 "84 62 7754 61H 80 106 108 96 M Sale 105 M 105 M 10554 106 104 Sale 102 M Sale 105 M 105 96 Sale 10754 99 54 100 109 M 110 10454 106 Sale 107 M 108 78 Sale 92 M 97 M Sale 89 H Sale 87 91 76 54 Apr. 13 107 109« 102 j 2 Dec. 18 60X Dec. 13 63 K Dec. 21 65 X Dec. 22 97 1 103 Dec. 20 108 M 78 69 72 74 107 M 73 69 63 Dec. 28 107M Dec. 29 10754 Dec. 15 75 H Dec. 7 8154 Dec. 20 90 Dec. 91 92 % Dec. 17 96 Sale Dec. 31 98 M Dec. 6 84M 85M 84M Dec. 30 89M Dec. 1 83 Sale 88 78 68 °75 108 80 83 Sale 11154 111., 83 91 71 Dec. 31 Dec. 15 Dec. 29 Sale Sale 76 Sale Sale 60 Dec. 88 93 M Dec. 22 78 Dec. 3 105 55 9 10754 Dec. 23 Dec. Dec. 1 Dec. 29 59 Dec. 18 Dec. 29 58 M Dec. 6 4654 Dec. 31 Dec. 1 10654 Dec. 31 Dec. 24 60 M Dec. 7 56M Dec. 58 1 Dec. Dec. 998,000 8a aerlea D............1956 1,577,000 4Mb aerlea P 1958 1,100,000 Iowa»Nebraaka L At P 5a.. 1957 341,000 5a Serlea B__..........1961 189,000 Iowa Pow At Lt 4Mb A 1958 979,000 Iowa Pub Serv 5a........1957 401,000 laarco Hydro-El 7a 51,000 laotta Fraschlnl 7a 1953 ..1943 Italian Superpower 6a...1963 139,000 2,389,000 102,000 71,000 186,000 527,000 JacksonvllIeGaa 5a atmpdl943 541,000 Jeraey Gent P At L 5a B...1947 2,108,000 4Ma aerlea G 1961 43,000 6,000 30,000 63,000 71,000 22,000 9,000 108,000 Kanaaa El Pow 354s 169,000 Kansas Gaa At Elec 6a 584,000 Kansas Power 5a A... 1,324,000 Kentucky Utilitiea 1,184,000 5a 1085* Sale Sale Sale Sale 53 M 66 H Sale 87M 96 M Sale I6§"" 62 Sale 54M 103 H 104 M 10554 Sale Sale 37 M 104 Ji Sale 36 104 Ji Sale 10354 Sale 97 1966 Dec. 29 June Jan. Jan. 79 52 Oct. Oct. 20 77 Jan. 21 19 8354 Feb. 5354 Nov. 30 Feb. t 1C 62 Oct. 66 M Pec. 20 97 96 M 37 M Sale 103M Sale Sale 98 99 3854 Dec. 22 80 46 Dec. 28 Dec. 2 37 41 Dec. 8 35 104M Dec. 27 105M Dtec. 18 Dec. 22 102H Dec. 8 104 103 99 97 Dec. Dec. 1 99 Dec. 24 3 113M Dec. 3 Sale 73 73 Sale 90 104j 104J 1061 105 79! 71 Oct. 32 M Oct. 16 101 Dec. 13 30 81M Dec. 29 82 Dec. 28 101 Dec. 9 2 88 M Dec. 24 Sale 88 Dec. 21 Dec. 20 Dec. Dec. Dec. Dec. Dec. 113 M 100 \i 10054 101 79 M Sale 75M 79 M Sale 7554 97 98 M 95 86 89 87 96 5854 Oct: 92 June 92 July 6 106 M Dec. 16 106M Dec. 10454 Apr. 99 Dec. 2 10354 Dec. 29 9854 Nov. 5754 Dec. 27 62M Dec. 3 54 Oct. Dec. 31 93 86 { 8254 Jan: 95 78- ft 10354 Mar. 12 10654 Apr. 21 95M Dec. 15 100 ..1943 43 19 19 18 11354 Pec. 107 102 Oct Oct. 4 Sale 9854 Sale Mar. 17 107 45 Dec. 10 117 107 102 104 Aug. 19 10854 Dec. 21 Dec. 3 101 Jan. 8 Feb. 24 111 Dec. 9 73 Dec. 21 21 11 Jan. 29M Dec. 103 103 54 97 M Sale 1961 Aug. 11 Jan. Dec. 29 Dec. 2 121"" Sale' 11354 116 1958 Oct. 105 32 1947 1948 - Sale 85 Sale 55 33; 883 863 Feb. 4 104 Jan. 8 102 Mar. 8 105 Jan. 22 10654 Jan. 20 99 Jan. 14 93 Apr. 1 48 2 107 M Dec. 10 46 54 Dec. 8 Dec. 29 9 Sept. 8 Aug. 19 Feb. 4 June Sept. Apr. 18 Feb. 9 Feb. 18 108 Oct. 85M Oct. 70 Oct. 93 Apr. 53 62 62 1 12 99 106 106 82 10654 77M 109 M 105 M 371 27 \ 104 j 103 j 1053 68 63 40 Sale 66 70 79 Jan. Nov. Oct. Oct. 23 Oct. Jan. Feb. 81 Mar. 20 109 Oct. 19 7654 Oct. 19 6954 107H Dec. 103 M 104 104 104 105 54 105 105 54 106 74 8354 8454 Jan. 2054 Dec. 17 107 M Sale 8654 Dec. 15 Nov. 29 23 Jan. 18 20 M Mar. "29 81 Dec. 28 Nov. 23 97 Dec. 1 25 Oct. 13 Dec. 13 §2* 63 Dec. 28 78 6 8 Dec. 27 3633 5S....1969 487,000 6Ms series D 188,000 BMa aerlea P 163,000 Klmberly Clark 5a A.. 91 100 10154 Mar. 3 108M Dec. 21 10854 Dec. 21 77 M Dec. 3 81 Dec. 21 9 11154 Dec.. 9 11154 Dec. 106 106 M 106 M 107 54 106 % 58 54 Sale 53 M 58 Sale 55 46 M 48 54 43 71 67 43 102 108 Sale 93 M 10754 Dec. 29 Dec. 27 9454 Jan. 28 62 Dec. 85 3 ft 106M Jan. 75M Jan. 1ft Dec. 89 J 93 J 18 19 97 90 96 54 Sale 105 107 79 9054 Oct. 19 8954 Jan. 54 M Dec. 28 8954 Feb. 88 Nov. 29 105 Jan. 19 96 64 6 6 60 Oct. 100 Sale 9 Oct. 10254 78" "79" 18 30 23 29 13 28 41M Dec. r3454 Dec. 30 f34M Dec. 30 21 Ji Dec. 7 23 Dec. 23 81 Dec. 28 87 Dec. 13 32 Dec. 30 101M Jan. Dec. 8 10454 Jan. Oct. 19 9954 Jan. Jan. 22 77 Mar. Oct. 20 97 Jan. Oct. 19 10554 Jan. 58 Oct. 18 88 Jan. 2154 Mar. 27 31M Dec. 5854 70M 72 M 74 Dec. 2 105 M Dec. 8 Dec. 15 100 Dec. 15 Dec. 27 3 81M Dec. 105 100 77 30 74 82 3 36M Dec. 15 188* "97" Highest Sale Prices 78 M Dec. 8 88 Dec. 31 75 Dec. 1 Interstate Public Service 68,000 80,000 38,000 9,000 19,000 63,000 27,000 6,000 1937 Lowest 25 77 Interatate Power 5a 42 103 7654 Sale 81& 82M A..1957 40 M 104M 10454 1963 aer YEAR Highest 55 56 54 57 Sale 89 54 Sale 90 91 107 110 107 M 70 Sale 65 74 52 M 50 55 52 166"" 100M 101 Sale 71M Sale 72 76 M 75 54 Sale 87 Sale 60 Sale 26 28 195# 419,000 (nt Pow Sec 6Me aerlea G.1955 314,000 7a aerlea E ...........1957 221,000 7a aerlea P. .......1953 255,000 International Salt 5a....1951 75 Sale lat lien At ref Ba 2,709,000 Ind'pollaP Ac L 5a 6,183,000 99 Lowest Ask 73 105 M Indiana Service 5a ♦Indlanapolla Gat 5a A..1953 RANGE FOR V Dec. 31 104M 5a aerlea A.. 1.352,000 t62,000 51 Jan. 2 1937 251,000 127,000 1,303,000 119,000 EXCHANGE PRICES IN DECEMBER NEW YORK CURB EXCHANGE 10,000 4.000 1,000 33.000 1,000 33,000 13,000 8,000 CURB SALES 12 Months 1937 3,196,000 480.000 941,000 42,000 303,000 144,000 5.000 YORK Oct. 80 71 563 Mar. 9 1053 Oct. 19 1063 26 9354 June 22 Nov. Nov. Oct. Oct. 93 Oct. 85 Oct. 101M June lllH 99 1211 104) _ 19 19 993 993 20 1073 19 1033 12 1043 May 21 Jan. Jan. If 1] Jan. Jan. Feb. Feb. Dec. Jan. Feb. Feb. Feb. 23 22 2 8 16 ft 23 ft 1 Jan. 28 Apr. 22 Jan. 18 Dec. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 24 18 19 23 16 16 26 21 Jan. Jan. ft Lake Superior Dlst Power— 67,000 104,000 23",000 91,000 112,000 150,000 7,000 10,000 31,000 86,000 62,000 11,000 62,000 761,000 3Ms series A .......1966 2,514,000 Lehigh Pow Secur 6a 3636 22,000 ♦Leonard Tleta Inc 7M*-1946 505,000 Lexington Utll 5a 1952 1,125,000 Llbby McNeill At Llbby 5s 1943 69,000 85,000 60,000 56,000 127,000 37,000 24,000 22,000 709,000 1,274,000 330,000 86,000 273,000 125,000 202.000 88,000 45,000 7,000 60,000 370,000 263,000 8,000 63,000 20,000 41.000 102 ¥ 102 % 100 Sale Sale Sale 104 M 103 M Dec. A..1948 1978 1955 Nassau Ac Suffolk Ltg 5a. 1945 Nat Pow At Lt 6a "A" Deb 5s aerlea B 1,576,000 319,000 638,000 403,000 2,277,000 574,000 2,789,000 1,123,000 2,996,000 3,219,000 3,300,000 Steamship Line dep w W..1937 ♦6 Ms ctfa of 1,208,000 2,722,000 3636 2030 {♦Nat Pub Serv 5a G O D.1978 Nebraska Power 6a 3633 4Mb 1981 Nelsner Bros Realty 6a..1948 Novada Calif Elec 5s 99M 15 10554 Dec. Dec. 14 Dec. 10 96M Dec. 16 104 M Dec. 13 102X Dec. 10 2 104M Dec. 75 99 M Sale 9254 Sale 95M Dec. 15 77 104 85 9354 79M Sale 89 60 62 88 91 Sale Sale 93 Mar. 12 101 9954 Oct. 19 111 1854 Mar. 17 26 93 Oct. 18 105 10154 Nov. 27 106 97 Dec. 31 107 102M Oct. 25 10654 87 Sale 85 7654 Sale" 106 M 106 M 102 Sale 105 M 106 95 m Sale 97 M Sale 107M 108 M 99 M 100" 12M Sale Sale 102 93. Sale 11129 108M 110 1948 7854 Sale Conv deb 5a..........1950 New Engl Pow Aaan 5a.-.1948 78 M Sale 100 54 Sale Deb 5 Ma 1954 New Orleans Pub Serv— 10154 101M 5s stamped ♦6s aerlea A ....1943 .......1949 97,000 N Y Gent Elec 5 Ms 1950 315,000 N Y Pa Ac O RR 4*a stpd.195* 3,723.000 NYP AtLCorp lat 4Ma.. 1967 2,319,000 N Y State E At G 4 Ma 1984 76,000 N Y At Westchester Ltg 5a *54 411,000 256,000 Nippon Elec Pow 4Mb 1953 §25,000 Nor Amer L At P 5Ms A 1956 97 79 81 103 M 104 120 M 121 78 78 M Eng G At Elec Asan 5al947 5a 63. 953 1023 23 9654 eee page 103 9454 Dec. 10254 Dec. 97 54 1956 New 9554 ..... 101M New Amsterdam Gaa 5a.. 1948 317,000 1,026,000 Far footnotes 98 1947 45,000 {♦Missouri Pub Serv 5a A 1960 433,000 Montana Dakota Utll 5 Ms *44 2,000 137,000 438,000 61,000 16,000 34,000 31,000 204,000 93 54 Dec. 100 M Dec. 29 103 54 1,095,000 Miasisaippi Pow 5a ...1955 1,973,000 Miss Power Ac Light 5a 1957 378,000 Mias River Power 5s 1951 Muneon 95M Sale 29 96 10554 10554 1967 1st At ref 5a. 690,000 93 M Sale Dec. 28 81M Dec. 30 77 103 M 75 62 M Dec. 29 Dec. 10 Dec. 18 Dec. 29 97M Dec. 21 81 88 Sale 109 M 106 Sale Sale Sale 99 Sale 354 454 3 96 100 79 80 69 Ji Sale 4454 45 11454 118 109 90 71 Sale 95 Sale 3M 95 85 75 Sale 1145£ 118 109M 112 92 54 Sale 71 Sale 89 M Dec. 98 m Dec. 2M Dec. 15 95 Dec. 11 3 79M Dec. 69 H Dec. 2 69 Dec. 3 Dec. 28 Dec. 28 Dec. 22 2 Dec. Dec. 14 3 97M Dec. 84 *2 75m 44M Dec. 2 44M 11454 Dec. 10 IUX 108M Dec. 9 110 88 1 Dec. Dec. 23 Dec. 10 Dec. 4 Dec. 31 93 75 1 Dec. 7 9 9 Dec. Dec. 18 Dec. 10 Dec. 27 Dec. 31 Dec. 13 11654 11854 116 58 57 M 58 Sale Sale Sale 8354 Sale 84 m Sale 7 11654 Dec. 11854 116M Dec. 6 55 Dec. 29 Sale 7 5954 Dec. 55 Sale Dec. 30 6 59M Dec. 55 Dec. 29 59 5654 Sale Dec. 3 79 Dec. 29 78 54 84 80 Dec. 4 81 83 80M Dec. 29 86 Dec. 20 56 54 56 89 M 90 H 90 M 92 65 73 67 M 69 100 102 M 99 98 102 100 104 107 Sale 107 54 Sale Dec. 10 66M Dec. 7 99 Dec. 8 101M Dec. 6 106M Dec. 16 93 Sale 90 Dec. 17 112M Dec. 27 11254 104 1 10454 103 M Dec. 113 10354 Sale 87M Dec. 28 93 1 91 3 102 70M 71M 68M Dec. 13 73 Sale 81 86 Sale Dec. 1 86 109 109 Dec. 13 109M 110M 109 M HI 67 69 69 M Sale 65M Dec. 16 70 93 54 Sale 91 Sale 91 Dec. 31 93 % 90 M 98 M 65 Sale 90 r62 Sale 60 75 Sale 75 Dec. 22 Dec. 29 Dec. 3 Dec. 20 Dec. 28 Dec. 30 Dec. 27 Dec. 8 Dec. 17 Dec. 2 Dec. 7 Dec. 1 July 22 M May 1 106 6 8 July 30 Jan. 29 Feb. 26 May 8 May 14 Jan. 20 2754 Aug. 17 Aug. 20 95M Dec. 15 101 Dec. 13 76 86 Dec. 14 81 89 M Dec. 2 77 104M Dec. 28 100 54 6 82 Dec. 75 70 Dec. 1 6254 . Milwaukee G L 4 Ms Minn Pow At Lt 4Ms 726,000 il 21M 93 M 1957 816,000 Met Bdlson 4a series E 1971 140,000 Middle Sts Petrol 6 Ma A. 1945 904,000 Midland Valley RR 5a 1943 56,000 23,000 181,000 Pow At Lt 5a 1,107,000 Memphis P Ac L 5 a aer 1,105,000 Men gel Go 4M> I i03M 92 M 101 105 103 M 104 105 M 106 119,000 ♦Manitoba Power 5 Mo 1951 ♦Mansfield Mining At Smelt— 7s Ex-warrants 12,000 1941 145,000 Marlon Reserve Pow 4H* 1953 341,000 McCord Rad Ac Mfg 6a 1943 • 90 1945 478,000 Long Island Ltg 6a 2,119,000 Louisiana 101M Sale 11054 Sale Nov. 3 104 22 104 Jan. 30 Oct. Jan. ft Dec. 29 118 Feb. 18 Nov. 3 10754 Jan. 19 Dec. 18 9954 Jan. 7 Dec. 29 9754 Mar. ft 8754 Dec. 28 10654 Feb. 1 86 Oct. 20 10254 Jan. 2 95 68 Oct. 20 106 Oct. 20 Jan. 9954 Jan. 1 7754 Oct. 21 10054 Jan. 1 107 Feb. 25 10954 Dec. 2 65 M Dec. 16 74 Oct. 3 91 Dec. 31 10054 Feb. 254 Oct. 19 1454 Jan. 95 71 Dec. 11 107 Oct. 20 10754 66MNov. 23 9754 44 May 10 51 106 M Oct. 19 12654 10654 June 25 110 88 Dec. 3 110 69 Oct. 19 9954 113 8 Jan. Feb. 8 8 Jan. 16 Jan. 7 Jan. 21 May 1 Jan. 4 Jan. 12 Apr. Jan. 16 47 M Oct. Jan. Jan. Jan. Jan. 22 22 22 7 3 12154 19 8454 Oct. 19 85 44 Oct. 19 8454 79 Dec. 29 10154 8054 Dec. 29 10254 45 85 60 99 101 Oct. Oct 85* Dec. 92 104 109 108 104 110M Apr. Apr 113 104 Nov. Nov. 10454 Oct. 90 100 64 Oct. 76 Dec. 86: 100 Jan. 12 Jan. 21 22 3 15 27 27 17 12 ft 20 Jan. Feb Jan. Dec. Jan. Dec. Nov. Feb. Jan. NEW YORK s 47,000 16,000 35,000 / 116.000 123.000 22,000 _ Jan. 2 Ask ... 698.000 Oft den Gaa Go 5a 1945 472,000 Obio Power 6a aerlea B—1952 503,000 4Hs aerlea D 195<> 1951 2,067,000 Okla Nat Gaa 4H« A Conr deb 5a ..1946 <2,466,000 723,000 Okla Pow Ac Water 5s A..1948 105*2 105 104 H 99 H 104% 12,000 . 14.000 215,000 11,000 Sale 94% Sale - 118 87*6 Sale 102 5£ Sale 48.000 51,000 11,000 16,000 7,000 16,000 71,000 134,000 129,000 Penn Water Ac Pow 4H*--1968 58 1940 524,000 1,561,000 Peoples Gaa Lt Ac Coke 4a B'81 1,712,000 Peoples Lt Ac Pow 5a__1979 8,000 101,000 7,000 50,000 1.595,000 PhilaBlec Power 5H> 1972 247,000 Phlla Rapid Transit 6a..l962 Piedmont Hydro-Electric Co 6aeries A..........I960 929,000 68,000 Pittsburgh Coal 6a 1949 553,000 Pittsburgh Steel 6s 1948 101,000 ♦Pomeranla Blec Co 6a—1953 787,000 Portland Gaa At Coke 5a. 1940 12,000 4,000 12,000 8,000 1,000 E.1954 1961 210,000 Potrero Sugar 7s stamped 1947 241,000 Power Corp of Can 4H* B 1959 ...1954 21,000 * Prussian Blec 6a.. 77,000 13,000 25,000 567,000 Potomac Edison 5a 421,000 ser 4Hs series F 104*6 103 115*6 116 100 115 90 84 112*6 113 65*6 Sale 102 101 95 ' 90 34 85 95 85*6 86 85 25 87*6 86*6 83 Sale 86*6 Sale 100 105H 10454 105 106 Sale 106 106 105*4 106. 110*6 Sale 98*6 99 27 27*6 95 94*6 Sale 88*6 86*6 89 106*6 106*6 106*6 102 103 102*6 108*6 107*6 108 108*6 107*6 86 86*6 87*6 8 12*6 Sale 109*6 111* 96*6 97* 110*6 Sale 72*6 77 62*4 Sale 106*6 Sale 105*4 21*6 78*6 Sale 57 60 57*6 62 106*6 106*6 105*6 106 100 Sale 96*6 98 20 Sale 20*6 25 105 ..... 106 106 Sale 106*6 76*6 79 100 101*6 20*6 25 74 50 107*6 Sale 106*6 Sale 107 56 100 21 60 Sale 30 Sale Sale Sale 110 675,000 6% perpetual certificates.. 57*6 Dec. 30 62 Dec. 11 106 96*6 Dec. 15 101 1 20*6 20 Dec. 56 Dec. 28 60*6 105 59 Dec. 30 107*6 106*6 Dec. 1 107 57 Dec. 8 59*6 56 59 99*6 Dec. 6 100 99*6 100*6 21*6 Dec. 22 21*6 21 30 110 107 107*6 110 . * 2,159,000 D 94,000 52,000 "i",66o ■ 6Ha......1953 Housing 6H» A...1958 ♦Ruhr 692,000 {♦8t Loula Gaa Ac Coke 6s.'47 657,000 Safe Harbor Water Pr 4H* *79 1958 1,014,000 San Ant Pub Serr 5s B 48,000 San Joaquin L Ac P 6s B..1952 1955 91,000 Sauda Falls Co At 130 105*6 Sale 110 105*6 107 111 111*6 103*6 103*6 103*6 105 102*6 104*6 104*6 104*6 100 100*6 69 66*6 Sale 102*6 103 102*6 105 102*6 103 106 105 Sale Sale Sale Sale Sale Sale 26*6 24 17*6 Sale 106 106 107 106*6 132*6 108*6 110 66 60 Sale 89 105*6 22*6 62 Sale 92*6 1950 ♦Ruhr Gaa Co 129*6 132 113* 103* 103* 103* 315,000 Queens Boro G At B 5 H*-1952 8,000 59,000 72,000 50,000 6,000 5,000 4 Ha aeries 133 144 105 142 232,000 Pub Sera of Nor Ilia 5s C.1966 5a 1956 563,000 463.000 4H« aeries D 1978 4H« series E 1980 649,000 4Ha aerlea F. ..1981 1,471,000 789,000 4H> series I...........I960 1966 1,052,000 Pub Serv of Okla 4a.. 4,129,000 Puget Sound P Ac L 5 Ha.1949 5s series C............1950 1,588.000 204.000 , 9,000 32,000 34,000 33,000 71,000 72,000 107,000 235,000 123,000 24*6 20*6 8 108 85 13.000 134,000 19,000 301",006 27.000 20,000 4,000 9,000 239,000 275,000 72,000 162,000 26,000 90,000 377,000 797,000 19,000 78,000 1,094,000 271,000 549,000 26 233,000 <*295,000 3,020,000 3,657,000 1,354,000 1,512,000 654,000 Scrlppa (E W) Co 5Ha...l943 Scullin Steel Co 3s 1951 Serrel Inc 5a 1948 21*6 26*6 8*6 109 101*6 Sale 127 110 130 26 28 24*6 Shawlnlgan W At P 4Hs..l967 4Ha aerlea B 1968 4 Ha series D 1970 Sheridan Wyo Coal 6s 1947 153*6 96 107*6 103*6 104 103*1 104 103*6 104*6 112 107 102*6 68*6 71*6 103 Sale Sale 103*6 Sale 103 58 104 79 26 22*6 101 91 11960 3Ha series B July 11960 Debentures 3$jfa......l945 1st At ref mtge 4s......1960 Sale Sou Calif Ed 3H«—May Sale 105*6 106*6 109 111 28 23*6 Sale 15,000 67,000 125,000 64,000 49,000 304,000 221,000 • 530.000 859,000 351,000 836,000 424,000 1968 103 Sale 85 Sale 102*6 103 92 of California 4H« Southwestern L At P 5a._1957 103*6 Sale Southwestern P Ac L 6a..2022 99*6 Sale S'weatern Pub Serr 6s A. 1945 104*6 106 90*6 Sale 89 90*6 90*6 Sale 89 91*6 91*6 Sale 90*6 Sale 334,000 1,044,000 {♦Standard Gas At Elec 6s.'35 ♦6s Certifs of deposit.. 1935 1,726,000 ♦Cony 6a 1935 867,000 ♦6s Cony ctfs of depositl935 1,047,000 3,385.000 2,717,000 6s 6s 1951 1966 154,000 224,000 Standard Inreat AH*-...1939 4,502,000 {Stand Power At Lt 6S...1957 ...1950 2,248,000 ♦Starrett Corp 5s 10,000 27,000 29,000 55,000 Stlnnes (Hugo) Indus— 7s 2d stamped.........1940 255,000 7s 2d stamped ........1946 277,000 445,000 Super Power of 111 4HS..1970 4 H« 1968 616,000 16,000 461.000 37,000 53,000 32,000 187,000 221,000 3,000 17,000 100*6 101*6 88*6 Sale 40 41 45 47 45 104 47 104*6il05 104*6 105*6 57*6 Sale 55*6 57 93 9456 Sale 94 76 76 Sale 79 59 95 80 101 Sale 58*6 Sale 59 Sale 58*6 Sale 59*6 Sale 59 Sale 67 68*6 Sale Sale 21*6 24 42 45 42 44*6 39*6 40 39 42 105 Sale .05*6 106 .05*6 106*6 104*6 Sale / Oct. 113 Dec. 6 52 9 22 105 Dec. 56 6 85 Dec. 28 1 Dec. 10 57 Dec. 96 18 Feb. 104 25 25 128*6 Oct. 7 147 Dec. 22 20 8 Dec. 23 Dec. 23 Oct. Mar. Dec. 10 101 Dec. 11 100*6 Oct. Dec. 3 102 9 57 Dec. 23 Oct. 103*6 Dec. 21 Oct. 109} 125 132 112 107*6 Feb. 42 95*6 96 1970 525.000 Tenn Pub Serr 5s Ternl Hydro-Electric Co— 81 83 918,000 3,207,000 3,701,000 6Hs series A..........1953 rexas Elec Service 5s 1960 Texas Power At Lt 5s 1956 2022 6s 64,000 730,000 Tide Water Power 5a A...1979 177 78 63*6 Sale 99*6 Mar. 99*6 Apr. 103 104 Mar. Mar. 3 102*6 Dec. 30 4 Dec. 30 59*6 Dec. Dec. Dec. 29 59 Dec. 28 60*6 Dec. Dec. Dec. 29 59 Dec. 29 60*6 Dec. Dec. Dec. 29 60 99*6 Oct. 40 42 42 42 40 72*6 Dec. 10 58*6 Dec. 8 24*4 Dec. 1 35 16 78 Sale 77 Dec. 2 79 Dec. 10 57 62 59 Dec. 30 67 Dec. 56 Dec. 62 Dec. 2 Dec. 24 1st mtge gold 5s.......1962 1,679,000 2,952,000 Twin City Rap Tr 5H« A. 1952 66*6 Sale 105*6 105*6 105*6 Sale 112 102 103 59 Sale 56*6 Sale 95*6 97*1 Sale 95*6 Sale 102 102*6 Sale .02*6 Sale 92 94 97 96 99*6 81 84*6 84 ' 85*6 Sale Dec. 106*6 Sale 94*4 Sale [08*6 Sale 64*6 Sale 116*6 117*6 114 98 Dec. 104*6 Dec. 15 96 Dec. 11 85*6 Dec. 1 107*6 108*6 107*6 Dec. 62 Dec. 62*6 Sale 108*6 Dec. 30 65 Dec. 21 Dec. Dec. 6 26 Nov. 29 9 Mar. 2 45 6 Dec. 28 Mar. 29 Jan. 28 Jan. 11 Jan. 8 Jan. 6 Aug. 23 Jan. 6 25 105*6 Nov. 17 Jan. Nov. 19 87 Oct. 19 10356 Jan. Jan. Nov. 26 104 7 8 2 75*6 Dec. 10 10456 Jan. 21 51 87 90 Oct. Oct. Oct. Oct. Oct. 39*6 Oct. 67 11 106 19 95 95 19 19 95 95*6 19 96 19 19 96 Dec. 29 102 Oct. 19 96 Oct. 19 Nov. 8 Oct. 22 Oct. July 13 Jan. 28 Sept. 3 Aug. 6 98*6 Jan. 85*6 Jan. 80 92*6 Oct. 20 106 102 Nov. 24 106 92 Dec. 16 113 80 Oct. 19 104*6 53 Jan. 14 Mar. 8 8 44*6 Jan. 37 Apr. 29 56 37 May 3 4956 102*6 Mar. 24 106*6 102 Mar. 23 106*6 70 55 Jan. 18 Mar. 8 Mar. 8 Mar. 9 Mar. 9 Mar. 8 Mar. 8 19 16 16 Feb. 23 Jan. 4 Feb. 6 Feb. 4 Jan. 23 if 106*6 Jan. 55 Oct. Apr. 18 2 109 19 94*6 Jan. 6 " 299,000 291,000 35*6 6a 4th stamped........1950 United Elec of N J 4s 1949 Without warrants <489,000 ..1941 57,000 ♦United Indus 6 Ha♦lat 6s ..1945 111,000 937,000 United Lt At Pow 6Hs..._1974 Deb 6s.. 1975 2,456,000 5 Ha 627,000 1959 For footnotes see page 53. 9 Jan. Jan. Sept. 72 101 109*6 108 108 107*6 110*6 58*6 Dec. Dec. Dec. Dec. Dec. '-■■n Mar. 23 Dec. 27 3 101*6 Oct. 18 104*6 Feb. 101*6 Mar. 16 105*6 July 13 Oct. Dec. 13 42*6 Dec. 20 44 39*6 Dec. 30 41*6 Dec. 20 Dec. 28 105*6 Dec. 6 2 104*6 Dec. 29 105*6 Dec. 18 21 11 107*6 May 18 Feb. 9 19 105 Oct. 105 Jan 19 47 Dec. 29 106*6 Oct. 101*6 Oct. 77 28 27 Jan. 94*6 Nov. 18 10356 Jan. 70 21 21 Nov. 13 35 Mar. 18 22*6 Dec. 24 22 Dec. 27 Dec. Dec. 29 47 Dec. 29 21*6 Dec. 28 107 Nov. 102*6 Jan. 67 14 28*6 Aug. 21 2556 Aug. 10 104*6 Jan. 100*6 Apr. 28 1 92*6 Dec. 6 95*6 Dec. 6 79 Dec. 27 75*6 Dec. 10 1 Jan. 92*6 Jan. Apr. Dec. 3 Dec. 17 9 105*6 Dec. 60 Dec. Dec. 17 91 Dec. 27 Dec. 23 < July 96 Oct. 7 8 Mar. 2 Feb. 10 82*6 Dec. 14 107 7 26*6 Dec. "7 26*6 Dec. 3 22*6 Dec. 24 24*6 Dec. 1 101*6 Dec. 29 96 Dec. Dec. 28 42 Dec. 29 45 90*6 Dec. Jan. 104 54*6 Oct. 109*6 Dec. 27 103*6 Dec. 28 130 Dec. 18 110*6Dec. 16 27 July 29 10556 May 26 6 105*6 Jan. 98*6 Jan. 12 Mar. 18 19 19 7 10556 Apr. 21 112** Aug. 3 105 July 16 7 104** July 103*6 Mar. 107*6 Oct. 100 6 Aug. 5 Jan. 22 Sept.27 1 22*6 Mar. Dec. 15 Jan. 'SB Dec. 8 55 Feb. Jan. 105*6 Jan. 20 108 104 Apr. 6 1 Dec. 22 18*6 Apr. Dec. 20 Dec. 10 16 18 Oct. Oct. 15 77 Dec. 11 108 Oct. 19 107 25 96 20*6 Dec. 75 9 99*6 Mar. 15 73 66*6 Dec. 104 Jan. 30*6 Jan. 19 108*6 Mar. 18 94 104 Jan. 19 100 5*6 Oct. 60*6 Oct. 38 Sale 36 39 113*6 31 38 Dec. 3 40*6 Dec. 18 111 113*6 Dec. 17 114*6 Dec. 17 United Blec Service 7s...1956 3,000 9,000 56,000 245,000 33,000 76 20*6 Dec. „ 49 103 5 2 18 107*6 Dec. 30 9 Dec. 12 Nov. 105*6 Jan. 10556 Jan. Oct. Dec. 20 8 8 14 Mar. 9 20 106 80 < Oct. 14 1055* Jan. 22 Apr. 23 105 May 13 109 Jan. 25 100*6 May 20 106*6 Dec. 18 105 Mar. 6 109 111*6 Jan. 19 89 3 105*6 100 50*6 50*6 52 Sale 50*6 50 J Sale 52 50*6 51 52 50] Sale 50 521 53 49*6 52 74*6 56*6 Sale 23*6 Sale Oct. 84*6 Nov. Dec. 102 Ulen At Company— 14.000 Dec. Dec. 95 38 Oct. 83 Jan. 93*6 Jan. 16 103 Aug. 21 A 813,000 Penn Elec Power 5a......1956 i 38,000 22,000 30 Dec. Toledo Edison Co— 148,000 163,000 Dec. Dec. 117 Oct. 99*6 Mar. 8 87 105*6 106*6 104*6 Dec. 88 100 51 69 58*6 Dec. 17 60 Dec. 21 78 1 95*6 90 Dec. 2 105 Sale 103*6 Dec. 1 105 Sale 103*6 Dec. 107*6 104*6 Dec. 14 106*6 2 108*6 108 Dec. 109 103*6 Sale 103*6 Sale 105*6 105*6 108 109*6 Southern Indiana Ry 4s. 1951 S'weatern Assoc Tel 5s A. 1961 4 102*6 Jan. 111*6 Nov. 82*6 Dec, 14 Southern Counties Gaa 29,000 38,000 19,000 54,000 30,000 Jan. Dec. 62 76*6 95*6 Sale 100 19 119 Oct. 71*1 107*6 103 Dec. 103*6 104 103*6 104*6 103*6 Dec. 103*6 104*6 103*6 Dec. 82 Sale Southeast P At L 6a 113*6 Oct. 105*6 111*6 103*6 103*6 103*6 105*6 100*6 8 Dec. 6 11*6 Sale 108*6 109*6 108*6 Dec. 14 Dec. 3 103*6 Sale 101 129 Dec. 9 128*6 110 Dec. 13 110 112 62 Sale 2025 Sou Carolina Power 5a..1957 23 28 23*6 25 1937 ♦Schulte Real Estate 6s..1951 6a Jan. 3 133*6 Dec. 16 105*6 Dec. 110 Dec. 103 Dec. 102*6 Dec. 102*6 Dec. 104*6 Dec. 99*6 Dec. 63*6 Dec. 61*6 Dec. 58*6 Dec. Sale 28 26*6 Dec. 130 ♦Saxon Public Works— 2,000 19 1 108 Dec. 23 111*6 Dec. 13 Dec. 3 Dec. 22 74 73 11 Oct. Dec. 24 Dec. 3 Dec. 9 Dec. 8 12*6 Dec. Dec. 28 8 19 Jan. 84 89 7 Dec. 29 100 94*6 Dec. 29 97*6 Dec. 10 6 91*6 Dec. 21 88 Dec. 3 107*6 Dec. 13 106*6 Dec. 8 102*6 Dec. 13 102 Dec. Pub Sendee Co of N J— 37,000 92 79 72 1 Dec. 20 Dec. 22 Dec. 8 96 4 26 102 88 23 30 93 107 104*6 Dec. 18 6 109 108*6 108*6 Dec. 107*6 Dec. 30 108*6 Dec, 18 109 Dec. 13 86 Dec. 29 Sale 111 Sale 57 83 95 19 11156 Jan. Nov. 20 108 Feb. 11 106*6 Dec. Oct. 22 100*6 Jan. Nov. 26 108*6 Jan. 26 12 103 18 30 27 29 Dec. 14 Oct. 101*6 Oct. 104*6 Jan. 9 Dec. 9 Dec. 28 36 Dec. 14 Dec. 30 1 Dec. Dec. 23 16 27 108*6 Nov. 19 Jan. 19 107 95 Oct. 20 10556 Jan. 89*6 Oct. 20 104*6 Jan. 101*6 Oct. 20 105*6 Jan. Jan. 81 Dec. 29 105 95 99*6 Dec. 9 Dec. 14 28 94 13 103*6 Dec. 27 Dec. 10 29 90 Dec. 22 87 86*6 89*6 112*6 Dec. 15 113*6 112*6 115 58*6 Dec. 28 66*6 63 Sale 101 8 Dec. 100*6 101*6 101 69 *6 Jan. 19 Oct 106*6 Jan. 8 Dec. 29 86 36 32 Sale 105*6 23 100 9 103 104*6 102*6 Dec. 114*6 Dec. 15 116 Sale 32 35 Dec. 14 2 42 2 17 108*6 Dec. Dec. 2 104 102*6 Dec. 106 Dec. 30 106*6 Dec. 104*6 Dec. 23 106*6 Pec. 7 97*6 Pec. 95*6 Dec. 1 89*6 Dec. 84 Dec. Dec. 72 Dec. 29 82 115*1 105*1 Highest Sale Prices 102*6 103*6 105 106 10676 105*6 107 104*6 Sale 105*6 SaW 97*6 Sale 96*6 Sale 88 Sale 84 ' Sale 71 * 73 82 Sale 100 102 101H 102% 105*6 Lowest Sale Prices 98*6 Sale 93*6 94 102*6 103*6 88*6 Sale 42 99 105 H 106 H 119 120*1 172,000 Park Lexington BIdg 3a.. 1964 1977 3,046,000 Penn Cent Lt & Pow 5s 1979 269,000 1,419,000 Penn Electric 4a series P. 1971 Penn-Ohlo Edison 6a.... 1950 542,000 Without warrants 737,000 5Hs aerlea B 1959 385,000 Penn Pub Serv 6a C 1947 5a aeries D 1954 220,000 8,000 134,000 10,000 66,000 Sale 103 % Highest Sale Prices 40 Dec. 107*6 Dec. 98 Dec. 96 Dec. 92*6 Dec. 103 Dec. 81 Dec. 39 108*6 108*6 110H 110 129,000 Pacific Coast Power 5a... 1940 1941 818,000 Pacific Gaa 5c El 6s B Pacific Investing 5a A___194h Without warrants. 425,000 57,000 Pacific Ltg Ac Pow 5a 1942 3,186,000 Pacific Power Ac Light 5s. 1955 69,000 Palmer Corp of La 6a....1938 25,000 Ask Bid . 108 Sale Sale 103 H 105 10 > Lowest Sale Prices Dec. 31 Dec. 1 1937 Bid S BONDS (Continued)— 546,000 Not Cont UtU 5 H« A. 1948 226,000 Nor Indiana G Ac B 4«_...1952 107H 797,000 Nor Ind Pub Sarr 196<> 105 H 5s series D 1969 l<>5*i 883,000 4 Ha E 1,233,000 1970 103*3 477,000 Northwest Blec 6a stpd..1945 104H 985,000 Nor'west Pub Sort Ss A.. 1957 104 *3 6,000 J. Price CURB EXCHANGE 12 Months 1937 YEAR 1937 RANGE FOR PRICES IN DECEMBER sales aggregate 34.000 25,000 86,000 71,000 79,000 11,000 10,000 CURB EXCHANGE YORK NEW 52 86 106 60*6 Sale 58 60 23*6 23*6 24 35 24 92 68 24 65 93*6 71 35 25 Sale Sale 65*6 Sale Sale 99*6 Sale 24 25 72*6 Sale 68*6 69*6 98*6 Sale 58 Dec. 17 23*6 Dec. 18 23*6 Dec. 8 70 Dec. 7 65*6 Dec. 1 97 Dec. 22 62 Dec. 23*6 Dec. 3 68*6 Dec. 21 99*6 Dec. 1 27 Mar. 18 Dec. 28 Dec. 22 73 79*6 Feb. July Aug. 9456 Jan. 8956 Jan. Oct. 20 Mar. 25 3 24 55 June 10 Oct. 19 Mar. 20 117*6 Jan, 15 28 Oct. Oct. 97 18 19 Dec. 22 107 Jan. 5 1 6 14 19 14 JAN., 1938] AGGREGATE NEW YORK CURB EXCHANGE SALES PRICES IN DECEMBER] NEW YORK In 1 2,099,000 United Lt 8c Rye 5*4« 1952 887,000 il series A 1952 Deb 6s series A 375,000 1973 439,000 Utah Power 8c, Light 4*4x1944 6s series A__ 443,000 ...2022 45,000 13,000 46,000 54,000 Vamms Water Power 5*4« *57 1.105,000 Virginia Pub Ser 5)4* A..1946 6s 300,000 1946 5s series B 704,000 .......1950 Waldorf Astoria Ask Bid 112,000 49,000 19,000 19,000 45,000 91*4 114 92 114*4 Bid 73 Dec. 31 Ask Bid 74 62 101*4 101 83 101*4 102 102H 76 66 Sale 81 73*4 77*4 Sale Prices Ask 76*4 Sale 105*4 Sale 103*4 Sale 87 86*4 Lowest 1937 75 Dec. Highest 2 Dec. 64 Dec. 82 Dec. 20 Dec. 7 74 Highest Sale Prices 102 69*4 82*4 76 Lowest Sale Prices Sale Prices 79 Dec. 15 7 105*4 Dec. 24 14 67 Dec. 28 84*4 Dec. 8 78*4 Dec. 9 Dec. 89 90*4 85 80 82 70 83 85*4 85 88 78 Sale 13 85 15 Dec. 29 Dec. 27 Dec. 22 78 83 91 Dec. 82 Dec. 20 102 Jan. 18 13 12 74 Dec. Jan. 21 85 75 Oct. 85 81 Oct. 6 9 96*4 Jan. 23 7 115 Jan. 20 89*4 Jan. Oct. 80*4 Dec. 14 Dec. 20 52 102*4 Feb. .... 102 Sale 97 98 *4 100 *4 100*4 61*4 Oct. 102 Oct. 7 103 8 104*4 Oct. 20 20 104*4 Jan. 8 18 101 Jan. 19 102*4 Jan. 11 29 Corp— 56~600 ♦5s Income deb........1954 733,000 925,000 Wash Gas Light Co 5s 1958 127,000 Wash Ry 8c Klec 4s 1951 1960 657,000 Wash Water Power 5s Western Newspaper Union Conv deb 6s 1944 952,000 ...2030 682,000 West Penn Blec 5s 202,000 West Penn Traction 5s..1960 3,293,000 West Texas Utll 5s A 1957 970,000 West United GAB 5*4" A 55 66,000 Wheeling Elec Co 5s 1941 739,000 Wis Minn Lt 8c Pow 5s...1944 96,000 2,086,000 50,000 154,000 Dec. 1 1937 BONDS (Concluded)— 68,000 24,000 13,000 269,000 81,000 YEAR Jan. 2 1937 171,000 84,000 9,000 50,000 RANGE FOR Price CURB EXCHANGE 12 Months December 53 Wisconsin P 8c L 4s A....1966 516,000 Yadkin River Power 5s.. 1941 3,168,000 {♦York RysCoSs 1937 107*4 107 106*4 108 104 105 16*4 Sale 104*4 Sale 106*4 Sale 105 Sale 13*4 Dec. 27 17 104*4 Dec. 14 105*4 106*4 Dec. 1 107*4 105 Dec. 105*4 104*4 Sale 106*4 Sale 105*4 Sale 101*4 Sale 35 40 36*4 40 96 97*4 102*4 Sale 103*4 104*4 102 86*4 Sale 84*4 85*4 84! 104 ] 104*4 Sale 104*4 Sale 107*4 107*4 105*4 106*4 105*4 106 104*4 91 90*4 91 91*4 93 106*4 106*4 99*4 Sale 104*4 Sale 80*4 Sale 73 Sale 105*4 Sale 111K 113 97*4 Sale 105 Sale 107*4 105 38*4 94 101 102 Dec. 7 Dec. Dec. Dec. v,9 6 2 Dec. 16 40 Dec. 2 Dec. 3 102*4 Dec. 31 Dec. 2 104*4 Dec. 28 Dec. 29 87*4 Dec. 6 Dec. 18 105 Dec. 3 104 104*4 105 74 106*4 Dec. 93*4 Dec. Dec. Dec. 93 79*4 8 Jan. 13 Dec. Feb. 9 2 Feb. 11 Oct. 105*4 Jan. Nov. 101 75 114*4 Jan. 99*4 Jan, 2 0 28 9 Oct. 102] 105] Oct. 105*4 Jan. Feb. 108 Oct. 107*4 Nov. 10 9 102*4 Jan. 89*4 Nov. Dec. 2 105 Dec, 14 Dec. 28 82*4 Dec. 4 73 Sale Dec. 35 June 105 ... 106 11 Oct. 19 32*4 104*4 Nov. 20 108 105*4 Apr. 14 107*4 103 June 3 106*4 Apr. 30 103*4 June 30 107*4 Jan. 73 Dec. 28 100*4 Jan 19 6 FOREIGN GOVERNMENT AND MUNICIPAL Agrtcul Mtge Bk Rep of Col— 13,000 30.000 37,000 20 24 12 23 20 22*4 21*4 12 23 17 19*4 20*4 23 20 ♦734s stamped.........1947 70 85 76 85 80 ♦7s stamped....... 70 90 72 86 80 Dec. 7 Dec. 14 6 Dec. 30 181,000 ♦20-year 7s Jan 15 1946 257,000 ♦20-year 7s Jan 15 1947 109,000 ♦Baden (Germany) 7s 1951 18*4 Dec. 28 - Dec. 29 Dec. 3 21 Dec. 10 20*4 Dec. 15 18*4 Dec. 28 30 17 Dec. 29 ». 29*4 Feb. 18 21 Dec. 28 18 Sept. 14 25 80 80 Dec. 7 Dec. 14 80 Dec. 7 Dec. 14 96 80 6 Nov. 24 21 Feb. 18 ~ Mar. 11 Buenos Aires (Prov) 3,000 1,000 118,000 82,000 140,000 835.000 6.000 9.000 40,000 1,000 140,000 95,000 320,000 155,000 .1952 ♦Genes Valley (Dept of) R«p of Colombia extl s f 7s.. .1948 16*4 Sale 6*4 6*4 6*4 7*4 7*4 Dec. 10 Sept. 30 94*4 Aug. 18 Feb. 11 ♦Cent Bk of German State A Prov ♦6s Banks 6s B A 47,000 144,000 409,000 426,000 97,000 95,000 403,000 138,000 478,000 1952 Danish Cons Munlc 53(1.1955 5s Dansig F 16,000 42,000 49,000 1,000 3,000 15,000 1951 25 Sale 22 24*4 101*4 102*4 101 24 35 27 Dec. 8 27 Dec. 8 35 23 Dec. 24 27*4 25 3 Dec. 3 27*4 24 101*4 Sale 100*4 102*4 100*4 Dec. 16 101*4 Dec. 1 99*4 100*4 99*4 102*4 101*4 Dec. 29 101*4 Dec. 29 25*4 1953 100 .1952 61 62*4 67 51 17 22 20 19*4 19*4 20*4 20*4 20*4 24 20*4 Sale 24 20 30 19*4 Apr. 2 20 Mar. 31 99 Apr. Apr. 97 29 Sept. 7 2754 July 30 6 102*4 Jan. 8 16 101*4 Fej. 18 8c Wat'way Bd external s f 634s ♦German Cons Munlc 7s. 1947 ♦6s 1947 17 ♦Hanover (City) Ger 7s..1939 ♦Hanover (Prov) 6 34s 1949 ♦Lima (City), Peru. 6K«.1958 ♦Maranhao (State) 7s 1958 ♦Medellln (Colombia) 7s. 1951 r20*4 Sale 11*4 14 316*4 Sale 10 Dec. 9 53 Dec. 28 50 Dec. 2 19*4 20*4 21*4 13*4 21 23*4 25 52 20 63 Dec. 3 Dec. 23 Dec. 7 Dec. 20 21*4 21*4 20*4 21*4 15 Dec. 28 Dec. 7 Dec. 23 Dec. 7 Dec. 18 17 17 17 Dec". 7*4 8 7 91*4 Sale 65*4 69 65 20*4 20*4 20 23 20 22 20*4 Dec. 20*4 Dec. 12 12 13*4 17 12 Jan. Oct. 29 7 7 65*4 Dec. 24 65 6 6 21 21*4 Dec. 10 20*4 Nov. 20*4 Dec. Dec. 20 15 11 1 7*4 Dec. 77 25*4 Feb. 16 Aug. 10 6 25*4 Aug* Mar. 15 26 Aug. 17*4 Apr. 7 25*4 Aug. 13 Sept. 27 29*4 Mar. July 21*4 Oct. 18 33 22 119*4 Sale Apr. 28 Jan. 6 11 20 19 5 31 Feb. 21 16 Mendosa (Prov) Argentina 4,000 11,000 7,000 107.000 47",005 18,000 50,000 36,000 238,000 74,000 88.000 1,000 71,000 16,000 * 1,142,000 ♦734*-4s stamped......1951 Mtge Bank of Bogota— ♦7s Issue of May 1927 145,000 1947 122,000 984,000 14,000 448,000 480,000 569,000 632,000 ♦7s Issue of Oct 1927 1947 24 22 15*4 Sale" 6s stamped 1931 Mtge Bank of Denmark 5s 1972 ♦Parana (Stateof). Bras 7s'58 99 100 ♦Rio de Janeiro 634s 1959 29 ♦Russian ♦534" 30 25 16*4 16*4 97*4 98*4 15 Sale 1919 1931 Govt *>4« ♦Certificates of dep 1,371,000 678,000 512,000 25*4 Sale No par value. Deferred delivery aalo. r Sold for cash. X Ex-dividend ♦ Bonds being traded flat. 1949 17 Sale 16*4 a t Reported in receivership. 9 "conv." convertiblo. •*cum." cumulative, ••m." mortgage. *»-v." non-voting, "vtc," voting trust certificates, "w I," when Issued **w w." with warrants, "x-w." without warrants. Sale Sale 17*4 55 9*4 9*4 74 10*4 10*4 57 11 65 10 Sale Dec. 29 *4 *4 54 *4 64 12*4 Dec. 21 10*4 Dec. 3 Dec. 1 10 Corp. 6s 1940, Dec. 28 at 75. Municipal Loan 6s 1947, Cons. Dec. 24 at 22. nUnder the rule sales. In which no account Is taken in computing range, are given below: Carolina Pr. & Lt. $6 pref., Dec. 17 at 73*4. r Cash sales, in which no account is taken in com¬ puting range, are given below: American Cities Power & Light class A, Dec. 31 at 24 *4 • Arkansas Pr. & Lt. $7 pref., Dec. 31 at 70. Bohack (H. O.) 7% 1st pref., Dec. 31 at 15*4. Breeze Corp., Dec. 30 at 5*4. Clark Controller Co., Dec. 30 at 15. Florida Pr. & Lt. $7 pref., Dec. 30 at Hubbell (Harvey), Inc., 9 10 35*4. Dec. 30 at 9*4. 15 12 Dec. Dec. *4 *4 *4 *4 64 Dec. 21 Oct. 11*4 July 95*4 Apr. 9*4 Dec. 9 Dec. *4 Dec. *4 Oct. *4 Oct. *4 Dec. 99*4 Dec. 21 Dec. 29 2 Dec. Dec. 13 Dec. 27 Defenred delivery sales. In which no account Is taken in computing range, are given below: General Bronze German Abbreviations Used Above: "cod," certificates of deposit, ••cons." consolidated. 6 97*4 Dec". 9*4 Dec. 30 MolX 1961 • 99*4 11 r*4 Sale 65 Dec. Dec. 17 *4 r*4 62 • Sold under the rule. 5 98*4 9*4 32 ♦Certificates of dep..... Santa Pe (City) Argentina ♦7s stamped ....1945 236,000 562,000 ♦Santiago (Chile) 7s ♦7s 214,000 22 ♦Mtge Bank of Chile 6s.. 1931 Dec. 21 1 10 Dec. 9 Dec. 13 Dec. 9 Dec. 13 Dec. 21 12*4 Dec. 14 12*4 Dec. 10 Industrial Finance 62*4 Jan. 4 10*4 Nov. 17 9*4 Nov. 22 v. 96*4 Apr. 12 Feb. Feb. 27 27 21 19 19 Mar. 8 13 100 34 Aug. 11 ,June 9 Jan. 16 6 35*4 Jan. 2 Apr. 22 Apr. 22 Apr. 22 Apr. 22 li 81*4 Mar. 10 20*4 Mar. 12 20*4 Mar. 5 t. c., Dec. 30 at *4. Italian Superpower class A, Dec. 31 at *4. Lackawanna RR. N. J., Dec. 31 at 42*4. Michigan Sugar common, Dec. 31 at 7-16. Muskegon Piston Ring, Dec. 30 at 9*4. Pacific Tin, special stock, Dec. 30 at 21, Pender (D.) Grocery class A, Dec. 31 at 3*4. Plough, Inc., Dec. 30 at 6*4. Rustless Iron & Steel conv. pref., Dec. 30 at 32. Seeman Brothers, Dec. 23 at 37*4. Shawinigan Water & Power, Dec. 30 at 19*4. United Milk Products common, Dec. 31 at 17*4. U. S. & International Dec. 30 at 11-16. Securities common, Weyenberg Shoe Mfg. Co., Dec. 30 at 5*4. Hanover (Province) 6*4s 1949, Dec. 31 at 20*4. Ulen & Co. 6s 4th stamped, Dec. 30 at 37. •'"V V Chicago Stock Exchange MONTHLY AND YEARLY RECORD •■■iy; /V 1 RANGE OF PRICES ON CHICAGO STOCK EXCHANGE Stock Sales Shares« Jan. 1 to Dec. 31 AGGREGATE SALES In 1,664,000 19,456,000 CHICAGO STOCK EXCHANGE 1937 % - 1936 879,000 14,239,000 BONDS STOCKS Shares. 2.000 330 3,450 4,800 1,900 100 200 150 30 37,780 9,420 44,460 131,400 18,800 o 5,600 15,470 25,500 Adams (J D) Mfg com Adams Royalty Co com 550 850 100 Advanced Alum Castings—5 Sale Allied Products Corp cl A. 25 ...10 Common * pref 6,900 « 60 2,600 4,950 """loo . * 4,400 9,460 2,950 350 T.Bio « 80 2,680 2,800 1,650 12,750 . c 470 620 250 800 "l",306 22 23 Equipment Corp ...1 4 com 33,150 Athey Truss Wheel capital..* 5 24,130 Automatic Products com 22,520 Automatic Washer conv pf__* 36)4 9 1,050 82,050 6,100 10 6,650 6,400 Brown Fence & Wire cl A — • ......... 5 com 750 Bucyrus Monighon class A..* 110 Bunte Bros common.......10 16,600 Burd Piston Ring com..... 279,510 40,850 Butler Bros 10 common 5% convertible preferred 30 26,230 Canal Const Co conv pref...* 10 8,300 Castle 8c Co (A M) com Common (new) 10 26,060 4,370 Cent Cold Storage Co com.20 * 34,390 Central 111 Pub Serv pref 74,550 lent 111 Secur Corp— Common 7,310 Central States Pr 8c Ltpref.* 5,436 Chain Belt Co com.........* 4,040 Cherry Burrell Corp com...* Common (new)...........5 2,250 11,880 5,650 986.360 Common 1,350 Participation preferred * Chic Corp common. ....1 13 35 3,600 3,400 ; 11 7)4 3,860 "~3% Sale" Sale 13% 8 7) 2J 3% 15)4 16 18)4 19)4 18)4 Sale 19)4 20)4 25)4 12 26 Sale "16" "10)4 33)4 Sale 75 985 440,930 11,250 2.380 24,000 257,575 26,900 61,690 167,800 3,720 2,060 320 1,310 150 8)4 107)4 23)4 25)4 27 13)4 Sale 22)4 23)4 32)4 22 13)4 Sale 29)4 Sale 2 6)4 Sale Sale A* 40 w 42 4)4 Sale 2)4 Sale 2)4 3 10 11)4 11 15 9 9)4 12 12)4 12)4 Sale 12)4 iz'A 7)4 13j 7j 6)4 20)4 7)4 Sale 1,160 Common capital 5)4 Sale 5)4 7 1 1)4 32)4 35 4)4 3)4 1)4 Sale 2)4 3)4 7)4 11 8 10 10 10 18)4 Sale 11)4 10)4 • Club Aluminum Uten Co • Coleman L'p & Stove com...* Commonwealth Edison... 100 Common (new) 25 Compressed Ind Gases cap.. 5 Consolidated Biscuit com...l Consumers Co com ft 0% prior preferred A...100 7% i utn preferred......100 V t c pref part shares 50 Preferred see page 56| . . 100 11 Sale 6)4 Sale 6 Sale 16)4 Sale 23 12)4 10 14 16 21)4 5)4 6)4 9)4 Sale 31 6 11)4 5)4 6)4 8)4 Sale 20 % Sale % Sale 11)4 20 5 Sale 5)4 7)4 Sale 29)4 33 7 12 7 Sale 15 70)4 Sale 99 Sale Sale 63)4 Sale 11 15 68)4 Sale 70 )4 17 Dec. 23 Dec. 11 Dec. 8 5)4 5)4 X 33 3)4 1)4 Dec. 29 Dec. 28 Dec. 29 Dec. 27 Dec. 29 Dec. 27 2)4 Dec. 7 10 Dec. 16 7)4 Dec. 10 Dec. 9)4 Dec. *ii8 Dec. 10)4 Dec. 6)4 Dec. 38% 934 5)4 4% 7)4 Dec. 18 Dec. 2 Dec. 4 Dec. 3 Dec. 8 9% Dec. 4 15 13 55% 17% 12% 12% Feb. 16 Jan. 28 Mar. 3 4 Dec. 23 35% Nov. 24 8% Dec. 15 4% Nov. 9 Oct. 19 5% Oct. 19 3 13 7 Dec. 28 Oct. 10)4 Dec. 14 14 % 13)4 14 50)4 Sale Oct. Oct. 19 28 Oct. 19 6% 6% 1)4 40% 3 6% june 28 4% Oct. 19 Sale Sale 17 Dec. Dec. Oct. 19 9 2% Dec. 7 9 19%'Mar. 27 8 9 20% Feb. 10 23% Feb. 9 8 30 33 4)4 Sale 13)4 13 29 13% Dec. 13 20 Dec. 31 6 6% Dec. 1 9% Dec. Sale 3)4 12 4)4 Sale 3 Oct. 9 Dec. 28 Dec. 2 Dec. 3 9 20% Dec. 1 % Dec. 29 22 9% Dec. 29 Dec. 1)4 Dec. Dec. 30 Dec. 3)4 Dec. 12 Dec. 30 29 1 31 29 31 Dec. 21 5% Dec. 9 2% Dec. 4 96% Dec. 14 34 Dec. 16 5 Dec. 4 14 Dec. 10 Jan. Sale Sale 27 oH Sale 16)4 40)4 54 o 2)4 Sale 33 23 43)4 1)4 Sale 1 Sale' i5%~Dec~.27 34 1834- -16)4 % Dec. 8 % Dec. 3 1)4 Dec. 28 30% Dec. 28 16% Dec. 14 38 Decl 29 1 Dec. 23 1 Dec. 14 % Dec. 11 % Dec. 28 2 % % n% 2 30)4 15)4 38 1 31)4 34 3934 Sale % % X )4 a Sale 2 K ) 18% Dec." "3 % Dec. 8 % Dec. 13 2% Dec. 1 33 Dec. 1 16% Dec. 14 42% Dec. 8 2 Dec. 1 3 Dec. 14 % Dec. 15 % Dec. 28 22 12 Dec. 20 Oct. Oct. Oct. 15 5 6 9 4 Dec. 28 Dec. 28 5% Oct. 17 Oct. 19 19 104)4 105 60 "4)4 Sale" 2 34 118 Sale 9)4 Sale _% 3)4 1 28 10 9 Dec" "2 8 "16"""D"<*.""3 100 61 98)4 Sale 61 61)4 1)4 Sale 134 1)4 26)4 33 Dec. 39 1)4 Dec. 29 1 Dec. 4 28 Dec. 1 64 Sale 1)4 s ii Aug. 25 Jan Feb. Feb. Dec. 1 26)4 Sale" 16)4 18 3)4 Sale 25% Dec."28 l5% Dec. 29 3% Dec. 29 27% Dec". 21% Dec. 3% Dec. 3 8 1 Sale 27)4 Sale" 21)4 Sale 3)4 Sale 15% Feb. 11 30% Mar. 5 33% Apr. 10 15 13 Oct. % Oct. 51% Jan. 77 Mar. 10 17 Dec. 43 July 26 12 46 Oct. Dec. 19 Feb. % Dec. 4 Dec. 1% Oct. 78 30 Oct. Oct. 3% Oct. 12 Nov. Jan. 15% Dec. 5% Jan. 30 19 3% Feb 13 19 Jan. Dec. 6 Dec. 2 2% Dec. 1 1% Dec. 15 28 75 Jan. 23 20% Jan. 15 73 85 Mar. 9 Feb. 17 26% Sept. 27 Jan. 20 Jan. 20 Mar. 8 20 Feb. Feb. 2 Mar. 5 7 Feb. 19 Mar. Jan. 21 Jan. 23 5 Feb. 11 5 Jan. 18 Mar. 16 May 10 Jan. 16 Aug. 25 Feb. Jan. Jan. Sale 20 22 26 Feb. 10 Feb. 24 6 6 2% Dec. 23 % Dec. 28 1)4 28 100)4 5 6% Jan. 22 110% Mar. 4 Feb. 3 98 15 81 Xt Feb. May 12 6)4 Sale 26)4 27 July 26 18% Mar. 2 36% Mar. 3 61 % a 6 18 2 98% Dec. 31 100 119 *46" ~49~" 7 2)4 10)4 11 15 Mar. 6 Mar. 12 Apr "8)4 6 Aug. 10 Feb. Feb. 4 7 1 19 19 Jan. %,'Dec. 14 19 19 11 30 19 22% Dec. 29 107% Jan. 15 72 Sale 19 *m Dec. 23 8% Oct. 4% Oct. 1n May 5% Dec. 16% Oct. 1 Dec. 3 14 Dec. 23 50% Dec. 1 75 % 18 32% Jan. 6 Jan. 22 Mar, Mar. 3 7% Dec. 28 Dec". '"7 Dec. 12% July 10 Oct. 18 15% Sept. 10 1 12)4 Dec. %« Dec. 14 6 13% Dec. 2 734 Dec. Dec. Dec. 28 Oct. 18 3 29 23 29 16 93 Feb. 13 Dec. 27 12 4 2 95)4 Sale 16 Nov. 19 22)4 Dec. 29 1 9 6 13 Dec. 29 13% Dec. 29 46 Dec. 29 Mar. 17% Apr. 3 26% Feb. 19 23% Feb. 17 43 Jan. 7 84% Jan. 18 13% Feb. 27 8 4% Mar. 19 57% Feb. 18 10% Dec. 15 )4 Dec. 30 14% May 22 18 3 3 2 28 28 28 28 29 11 Dec. 5 5)4 Dec. 30 ~~7 16)4 Dec. 29 22 Dec. Dec. 6)4 Dec. 17 Dec. Feb Dec. Dec. Dec. Dec. 2% Dec. 1 3 )4 Dec. 14 X Dec. 29 Sale M 1 5)4 7 2)4 Sale 93 27 46 19 1 9 Dec. 10 9 Dec. 7 20 Dec. 31 5 Dec. 27 6)4 Dec. 29 June 22 Dec. 29 54% Dec. 31 28 17 19 16 25)4 13 8 1)4 22 % 5 46 Dec. 29 Dec. 28 9 17)4 Sale 1)4 „% ~3% 9 4 20)4 13)4 ___* Cities Service Co com..:. Com part shs v t c A...50 Common part shs v t c B__* 650 Continental Steel com......* For footnotes Oct. May 28 Feb. 4 Jan 21 Mar 8 Apr. 17 Oct. 4 May 28 43 73 dH 50 1,500 "ioo pref * 8)4 Dec. 15 4)4 Dec. 29 3)4 Dec. 28 5)4 Dec. 29 30 52 35 62 52 27% Sale 107" 350 760 conv Dec, 24 36 Sale Chic Rivet & Machine cap_.4 1,280 Chicago Towel Co ft 16 6 52 13 10 Sale 30 54)4 Sale Participating ctfs "3"..100 Part ctfs "48"..........100 20 80 47% Dec. 15 77% 81% 73% 13% 13 Dec. 23 43 47% Dec. 15 11% May 21 15 47% Dec. 15 9 13 10)4 100 Part certificates * 2"....100 960 87,756 77% Feb. Dec. 23 43 10 9 30 970 Chicago Rys part ctfa 1 3,310 Highest Sale Prices 42 5 36)4 Sale 8)4 9)4 4)4 5 3% Sale 6)4 Sale 10 19 ..» Preferred ...» 69,000 2,410 Chicago Electric Mfg A.....* 40,050 Chicago Flexible Shaft com. 5 31,700 Chicago & N W Ry Com..100 10 950 60 4)4 46 f Convertible preferred....* 22,450 470,950 Central S W Utll com ....50c Prior lien preferred • ^—9,630 Preferred • 14,920 10 21,450 5 18% ..... 670 "l~,370 3 17 Chic City 8c Con Ry— 60 . ........ 6,700 Common 34,800 46,950 Bruce Co (E L) Lowest Sale Prices 40 38 37)4 9)4 4)4 4)4 43 1 com Asbestos Mfg Co com 14,850 Associates Invest Co 8 6 Highest Sale Prices 41 36 9 13 7% Sale Aro 10 9)4 Armour & Co common......5 160 7% preferred 100 4.750 Brach Ac Sons (E J) capital..* "Tsoo 1937 Sale Prices 12- 70% Sale 750 4,250 3,100 4,550 YEAR Lowest Ask 36 7)4 Sale * com 14,206 2,150 3,160 16)4 Sale conv 44 43 45 5 42 3 8 6 Sale ._.* 10,800 Backstay Welt Co com......* 1 2,450 Barber Co (W. H.) com 18,410 Barlow 8c Seelig Mfg A com. .5 57,800 Bastian-Blesalng Co com 8,500 Belden Mfg Co common....10 Rights 4,250 29,950 Bendix Aviation Corp com..5 1 158,130 Bergboff Brewing Co Rights 50,750 1 21,610 Blnks Mfg Co capital 120,740 Bliss & Laughlin Inc com ..5 9,900 Bo« fl-Warner Corp com....10 Common (new).. 108,400 "T.IBo 14 American Pub Serv pref.. 100 200 Annex Hotel Co com cap..100 669,090 11,800 147,700 2,000 1,650 17% ..* Allied Laboratories Ask Bid 40 34 11 Bid 40 82 82 83 32 Abbott Laboratories com...* 990 Altorfer Bros 19,766 RANGE FOR Par. 9,200 4,100 80 81 16 Ask Aetna Ball Bearing common.1 200 Alnsworth Mfg Corp com—5 160 4,650 80 Dec. 31 Dec. 1 1937 Bid 5s class B ......1927 12,000 Class A 1927 1,000 4,000 Met West Side El 1st 4s.. 1938 Shares. Jan. 1 to Dec. 31 ^ $16,000 194,000 Jan. 2 1927 1,000 Chicago City Ry 5a Certificate# of deposit..... 13,000 1927 10,000 Chicago Rya 5s ctfs.. 5,000 1936 $7,000 45,000 PRICES IN DECEMBER $ "2" 555 1937 December Price 12 Months December Bond Sales 1937 December 14 98 6 2)4 16)4 100 Dec. 7 7 3 Dec. 14 Dec. 15 1% Dec. 10 July 26 Sept 20 Aug. 10 Dec"." "3 Apr. 19 Feb. 98 Dec." 3 98% 19 w- Jan. j AGGREGATE SALES 42 In December CHICAGO 1938] CHICAGO * STOCK EXCHANGE 10,000 600 1,850 140 2,050 150 STOCKS Crane Co 13,150 220 10 20 300 500 150 1,050 850 14,750 1,450 50 .... "3,750 50 200 3,250 45,500 230 20 1,450 1,300 6,000 650 850 860 5,500 1,250 —100 Cudahy Packing Co pref—100 Cunningham Drug Stores 2% Curtis Lighting Inc com * Dayton Rubber MW com * Cum class A pref 35 Cohn— ...—10 Common .... Preferred .........—100 210 Deep Rock Oil cony pref 130 De Mets Inc pref 2,850 13,600 5,000 * * Co (The) com.......5 Dexter Dlxle-Vortex Co * com —* Class A 12,000 Dodge Mfg Corp common...* 22,660 Eddy Paper Corp (The).....* 5 121,450 El Household Utll Corp.. 15 21,570 Elgin Nat Watch Co 10 Empire Gas & Fuel 8% pf-100 20 7% preferred ...—100 50 Fair, The common........—* Fits Simons 1,000 2,550 5 —25 com Preferred 9,700 24,950 7,840 18,740 3,150 7,700 157,050 394,310 2,020 5,060 33,980 23,000 79,950 8,380 5,450 6,770 88,800 23,850 5c Dredge Co com _— • 1 S3 1937 "12 22 % Sale 4% 5 Sale 31 19% ii* ,12* 87 100 33 30 31 26 17 20% 38% 17% 21% 39% 23"" "25" 10% Sale Highest Sale Prices 2% Dec. 4 1% Oct. 48 116 60 10 20 9 17 56 14 13 3 15% 4% 14% 3% 95 13 Sale 60 5 3 7% Dec. 29 7% Sale 17 3% 21 Dec. 20 Dec. 30 Dec. 15 Dec. 28 18 2% Dec. 15 Dec. 10 6 5% Feb. 55% Feb. S 3 Dec. 20 110% Mar. 20 Oct. 19 26% Feb. 11 Oct. 14 10% Feb. 15 12 62% 15% 3% 9% 19 Mar. 30 121 % Feb. 27 56 Dec. 14 Dec. 15 Dec. 8 18% Dec. 20 Jail. 3 5% Oct. 14 19 Oct. Oct. 2 19 19 28% Apr. 32% Apr. 1 1 3% Dec. 4 11% Jan. 12 75 25 50 75 60 Nov. 24 90 Jan. 13 18 18% 26 18 Dec. 2 18 Dec. 2 18 Dec. 32% Jan. 13 19% 27 20 Dec. 16 Dec. 28 Dec. 14 23 Dec. 16 Dec. 14 Dec. 1 19 5% 16 23 3 15 20 Dec. 28 Oct. 15 Oct. 1 Dec. 28 3% 50 2% 6 4 4% 14% Sale 35 14 16 30 12 35 Sale 32 13 20% Sale 3% Sale 23% 26 3% 16% 19 Sale 23 3 22 32% Dec. 3 Dec. 28 12 18% Dec. 17 2% Dec. 29 " Dec. m 2 17 3% Dec. 30 15% 16 6 16 40% Dec. 10 Dec. 14 10 20% Dec. 1 3% Dec. 3 24% Dec. 24 2 Oct. 3 15 31 12 18% Dec. 17 2% Dec. 29 3% Dec. 30 21 Oct. June 15 19 July 17 3% Dec. 30 28 Mar. 31 17% Jan. 25 41 18 Feb. 9 Feb. 10 26% Aug. 23 41% Aug. 3 12% Jan. 9 40% Mar. 4 52 46 June 15 Jan. July 17 3% Dec. 30 5 17 65 Sale pref Gen Household Utll 1 4% 5 10% Sale . * com Godchaux Sugar Inc cl B * com.. 40% 40 * * Hall Printing Co com 10 Hamilton Mfg cl A part pf 10 HarnischfeOer Corp com. .10 Helleman Brew Co G cap 1 Hein Werner Motor Parts..3 455 3,830 4,350 ... 12 27 13% Sale 10 27"" ~30"~ 24 42% 17 com A..* 19% 24% 25% 10% 15 26 28% 24 25% 7% 8% 13% Sale 30 25 20 7% 12% 8% Sale I" 6% 6% 5% 4% 6% 8 7% 6% 6 7 6% Sale 4% Sale 26% ::::: "26" 25 42 * (Geo) Sale 25 17% 20 * common .3% Sale 2% Sale ' 14% "14% "15"" 12 55 10 9 Sale 1% Sale 45 41% 24"" Sale" 10% 46 10% 9 4 30 * Gossard Co(HW) com Great Lakes D 3c D com 12 57 10 * Class A Goldblatt Bros Inc Sale 2% 6 Dec. 2 Dec. 17 9 15% Sale 16 24 43% Sale ..... 16% 16 15% 16% 9% Dec. Dec. 9% Dec. 3% Dec. 1% Dec. 11 Dec. 30 Dec. 19% Dec. 7 Dec. 45 28 12% Dec. 10 45 10 Dec. 28 Dec. 8 4% Dec. 5% Dec. 29 4% Dec. 29 20 Dec. 9 18 Dec. 21 40% Dec. 23 Dec. 28 9% Dec. 23 19 1% Oct. 19 12% Dec. 20 11 Dec. 14 27 24% Dec. 5% Dec. 29 Dec. 28 5% Dec. 29 9% Dec. 28 45 3% Oct. 29 4 67 3 30 21 10 Dec. 27 3 28 14 11% Dec. 28 19 9 Feb. 5 7% Dec. 2% Dec. 28 23 30 1 Oct. Dec. 20 2 57 8 7% Sale 2% 62 General Finance Corp com. Hormel St Co Lowest Sale Prices 1% Dec. 29 1% Sale Sale Highest Sale Prices 52 46 41 39 ._._.* General Candy Corp A Horders Inc 2% Lowest "65" 610 90 YEAR Sale Prices Ask 50 107% Sale 30 Ask Bid Bid Sale 58% * com common. cum conv 4% Sale 48 % 120 .20 Gardner Denver Co 25 880 Heller (W E) pref w w Without warrants... 900 4,340 Hlbb Spencer Bartlett com. 25 100 RANGE FOR Connell Dock St Fuller Mfg Co common New Ask Bid Dec. 31 Dec. I 1937 Cord Corporation.. Decker (Alf) 8c 1,100 PRICES IN DECEMBER Price Par 313,150 6,900 1,630 4,760 37,950 2,940 36.050 5,000 55 EXCHANGE Jan. 2 Months 1937 Shares Shares STOCK 8 Dec. 23 8 13% Dec. 1 6 Dec. 7 Dec. 17 7 6% Dec. 4 6% Dec. 4 5% Dec. 22 Dec. 28 Oct. 18 19% Oct. 5% Oct. 9 Oct. 5% Dec. 20 19 19 9 Dec. 28 4 5% Dec. 29 June 7 70 19 8 July 12 Feb. 5% May 26 10% Jan. 38 Feb. 42% Mar. 15 12% July 14 29% Jan. 28 20% Feb. 10 14 Apr. 3 20 Mar. 11 19 11% Jan. 22 19 13% Mar. 26 Feb. Jan. Dec. 17 25 40 Dec. 9 Dec. 21 Nov. 24 14 16 Nov. 21% June 16 Oct. 43% Dec. 31 16% Dec. 7 2 3 50% Feb. 26 Oct. 5 20 20 5 23% July 3% Oct. Dec. 27 Dec. 21 21 28 5% May 22 18 3 25 8 4 8 52% May 17 4 23 23 Jan. S* Feb. 11 Dec. 8 Houdallle-Herahey— 1,300 2,100 3,050 1,050 800 Toso 450 9,350 3,000 41.050 6,100 1,100 28,950 5,920 2,600 7,000 11,520 Class B Hubbell, Harvey, Inc com..5 Hupp Motors com (new) 1 Rights Common 7% 8 9% 10% 1% Sale 7% Dec. 29 Dec. 28 1% Dec. 31 10 11 13 7% Dec. 29 Dec. Dec. 1% Dec. 31 25 common v Indiana Steel Prod 92 May 17 Apr. 19 4% Oct. 19 ■64 15% 161 109 J 83% 7% 106 8 Sale 6% . 107 108 5 Dec. 29 7% Dec. 6 Dec. 30 105% Dec. 13 108 85 22 ._.* t c 92 4% Aug. May Apr. 19% Jan. Aug. 1% Dec. 2 Illinois Nor Utilities pref. 100 Indep Pneum Tool v t c— Dec. 28 10 80 1% 10 (old) Illinois Brick Co New 11% 11% 11% Sale Sale 5% Sale com— 27 Sale 5% Sale Dec. 1 5% Dec. 1 22 Dec. 31 27 5% Dec. 2 500 Ind Terr Ilium OH n v cl A. Inland Steel rights (w 1) Oct. 19 Jan. 25 21 Nov. 22 4% Nov. 22 4% Mar. 16 1,150 4,450 Capital 300 180 Interstate Power $7 pref $6 preferred 250 ....* * 16,850 Iron Fireman Mfg Go v t c 500 119,950 J arris (W B) Co capital.....1 12,450 Jefferson Electric Co com. 5,450 Joslyn Mfg St Supply Co com 5 13,400 2,250 Capital stock .....10 1,460 1 118,650 Kats Drug Co com 84,546 Kellogg Switchboard com..10 700 . 49 22% 20 23% 24% 21% Sale Sale 42 6 5 7% 8% 13 14 18 Sale 25 29 42 9 4 2 13% 16% 19% 36 Sale Sale 23 38% 3% 3% 12% 15% 19% 38% Dec. Dec. Dec. Dec. Dec. Dec. 14 27 28 29 30 29 Dec. 3% Dec. 14 3% Dec. 27 27 Dec. 28 15% Dec. 10 21 Dec. 10 25 Dec. Dec. 2 42 2 14 Dec. 13% Oct. 19 19% Oct. 16 38% Dec. 29 20 3 19 25 18 Feb. 13 Mar. 5 10% May 8 Mar. 15 May 24 May 28 100 40,100 10 30 2* May 15 May 25 22% Jan. 25 Jan. 15 Feb. 11 29% Feb. 13 51 Feb. 4 55 Aug. 13 21 27 Kalamasoo Stove— ... 765 90 80 1,610 4:!O3 8,550 210 11,650 40 1,050 2,550 4,050 160 450 2,700 500 210 fKerlyn Oil Co A..5 Kingsbury Brewing Co cap.l common La Salle Ext Unlv Lawbeck Corp 6% cum Loath & Co common Cumulative 5 com pfdlOO * preferred....* Llbby, McNeill 8c Libby 10 Lincoln Printing Co com _..* 83% 20% 84% 21% '"2% Sale 2 Sale 38 7% 27 40% 8 28% "9% Sale" Sale Sale 7 25 100 27 58 % 12% 3% 1 2% 30 4 9% 3% % 2% 4 Sale 2% 37 5 25 8% 9% 37 3% 8% 6% Sale 40 43 40 42 * 52% 54 38% Sale 50 5 6,890 McCord Rad St Mfg "A" 8,050 McGraw Electric com 2,300 McQuay-Norris Mfg com 7% 2 2% 9% 11 18% Sale 2 2% 10 37 9% Sale 27% 3 .......10 91,000 Lion Oil Ref Co com....... * 51,950 Loudon Packing common 5 11,450 Lynch Corp common 3% 26 21 7% 11% Sale Dec. 14 Dec. 3 25 61 62 11% 3% Dec. 29 6% Dec. 23 19 31 Dec. 30 25 3% Dec. 23 Dec. 30 7% Dec. 29 7% Dec. 30 3 Dec. 17 _ 3% Dec. 22 Dec. 16 Dec. 6 30 5 64 Oct. 85 Dec. 18 Dec. 9 Dec. Dec. Dec. 1 19 Oct. Nov. Oct. 5 9% Dec. 3% Oct. % Oct. 1% Jan. Dec. 25 Oct. 3 20 24% Dec. 9% Dec. 8% Dec. 25% Dec. 20 29% Dec. 2% Dec. 25% Dec. 15 Dec. 29 2 4 Dec. Dec. 2 9% Jan. 2 Dec. 28 33 Dec. 29 18% Dec. 16 2% Dec. 3 39% Dec. 9 29 Dec. 24 30 17% Dec. 1 Nov. 2 Oct. 26 Oct. 15% 30 Dec. 29 Dec. 3 Dec. 29 Dec. 14 3% Dec. IP 7% Dec. 26% 63% 11 % 3% Oct. 100 Mandel Bros Inc Dec. 28 Dec. 24 Jan. 7 3 18,755 "5,755 70 June cap 61,000 Manhatt-Dearborn Corp com* * 1,480 Ma pes Cons Mfg capital * 160,000 Marshall Field St Co com 150 Masonite Corp common * 1 119,160 Met St Mfrs Sec cl A com Prior preferred .* 3,250 650 30 117,350 Mickelberry's Food Prod coml .5 642,310 Middle West Corp capital Stock purchase warrants. 152,550 154,400 Midland United Co com....* Convertible preferred....* 58,610 6,960 Midland Utll t% pr lien..100 7% prior lien 100 12,860 7% preferred A .......100 4,110 6% preferred A 100 1,660 11,700 Miller St Hart Inc conv pref.* * 18,300 Modlne Mfg com * 9,550 Monroe Chemical Co com Preferred.. * 1,370 255 10 Mountain States Pow pref.100 * 2,700 Muskegon Mot Spec cl. A 53,200 10,250 1,750 6,100 420 1.040 100 190 880 2,250 250 800 4,150 3,370 1,700 87,050 14,950 2,060 26,990 -60 Nachman Sprlngfllled com.* National Battery Co pref—* 6% 6% 31% 33% .'iI* Sale pref Trust— ..* 7% 50 49 19% Sale 28% 29% * 1% Dec. Oct. 1 7% Sale "7% "D"e"c."29 n"""Dec~.~ 3 4 Sale 3% Dec. 28 4% Dec. 2 27 23 Sale 25 ""2% 18% 2% Sale 5% Sale 1% Sale 21 Dec. 24 Dec. 10 Dec. 29 Dec. 29 Dec. 1 Dec. 1 Dec. 29 Dec. 29 Dec. 2 1 1% Sale 2 3% 20 22% 4% 5 41 45 % Dec. 24 2% Dec. 29 20 4 39% 14% 7 17% 68 15% 10% 23% 41 Dec. 31 23 7% Dec. 29 20 7% 20 10 22% Dec. 28 Dec. 28 40% Dec. 11 7 2 3% Oct. % Oct. % Oct. 1% Oct. 1 Dec. 3 Dec. 1 Dec. 6 Dec. 22 Dec. 14 Dec. 3 1% 1% 3% 24% 4% Dec. 22 Dec. 1 Dec. 6 Dec. 8 Dec. 4 41 Dec. 10 8 16 Dec. 21 8 Dec. 20 22% Dec. 14 22% Dec. 14 1% Sale 7 6 8% Sale Sale 3 5% Dec. 7 2% Dec. 6 1 Dec. 1% % 5% 2% Dec. 15 15% Dec. 4 Dec. 24 1% Oct. 19 1 1 7 Dec. 23 3% Dec. 21 22 25 25 20 25 5 19 4 17 28 2 20 22 3 26 6 14 20 48% Feb. 11 Mar. 12 2 Jan. 7 2% June 4 4% Jan. 22 25 Apr. 12 30% Mar. 10 70 Jan. 29 7 Feb. 20 54 57% Mar. 32 31% Jan. 29 5 11 Mar. 31 Jan. 22 15% Jan. 25 29 5 9% Feb. 9% Mar. 4 5 Feb. 4 8 Jan. 18 8 Jan. 13 46 Jan. 2 Dec. 29 Nov. 29 1 20 8 25 1 1 19 19 11 19 % Dec. 24 Oct. 18 Dec. 28 7% Jan. 25 1% Jan. 16 12% Jan. 28 15 10 Jan. 40% Dec. 11 40 Apr. 21 15 Nov. 24 50 July 14 Apr. 21 4 Oct. 40 15 26 Feb. 23 Dec. 15 22 Jan. 28 22% Dec. 14 32 Jan. 14 79% Apr. 3 7 65 15 Jan. 21 Dec. 94 23 12 4 19 3% Nov. 23 27% Feb. 9% 4% 1% % 3% 1 Sale 23 *22% *27% 8 Nov. 19 1 46 12 conv. 22 Sale 2H 7% % Dec. 1 19 Sal* 1 Nat'l Pressure Cooker Co Cumul. Sale Sale % ..... 60 4% Sale Sale 10% 11 63 Nat Republic Invest 22 10% Sale ..... 3% 12% 5% % National Gypsum A n-v com.5 National Leather com 10 2 1% Sale 17 64 60 15 240 Metrop Indust allot ctfs '7,155 2% Sale 21% 24 19% Sale 22 Jan. 29% 100 McWIlllams Dredging Co...-* "7.855 45% Jan. 16% Feb. 12% Mar. 125 Mar. 43% Jan. 89 Jan. 28% Feb. Mar. 3% Jan. 3% Aug. 50 Jan. 13% Feb. 34% Mar. 19% July 15% Mar. 12% Jan. 45 Jan. 4% Mar. 9% Jan. 33% July 6% Jan. 56 Aug. June 28 4% * ..... Preferred 38 ..10 common $3.50 preferred 3,670 12,500 Lindsay Light com..... 30 855 pref.50 .......100 Ken-RadTube 8c Lpcom A * cum 6% preferred Le Roi Co 120 Sale 100 Preferred 5,890 Kentucky Utll Jr 1,900 80,870 38,600 67,900 76,530 3,350 69,250 2,200 10,840 110,700 63,230 44% 46 15% Sale 9% 10 Jan. 8 % June 14 5% Dec. 7 2% Jan. 12 17 Apr. 9 2 Oct. 23 12% Jan. 18 Oct. 19 36% Feb. 10 12 National Standard— 950 450 8.700 "2",655 70 12,350 900 40 960 Common stock 10 20,845 45,100 National Union Radio com.. 1 99,865 Noblitt-Sparks Ind Inc cap. 5 Rights. 69,950 20 43.150 North American Car com 770 Northern Paper Mills com.* 176.400 Northwest Bancorp com....* 13.235 Northwest Eng Co com •-* 3,870 Nor West Utll pr Hen pref.100 1% preferred 100 7,020 For_footnotes see page 56* . 30 Sale 20 1% 1% 41% Sale 6% 7 15 % 18 J* if 13 14 71 36 89% 11 33 12% 15 10 39% Sale 41 Sale 19 Dec. 29 % Dec. 10 17 Dec. 29 20 2% Dec. 11 13% Sale 27 28% 7 21% 1 Sale 6% Sale Sale Sale 11 22% Dec. 3 % Dec. 10 25% Dec. 8 2% Dec. 22 9 Dec. 31 6% Dec. 13 36 2 14 Dec. 28 Dec. 31 Dec. 17 17 11 11 33 10 Dec. 23 7% Dec. 6 13% Dec. 4 Dec. 3 13% Dec. 3 10 32 10 % Nov. 19 Dec. 29 'js Apr. 8 Oct. 19 Dec. 31 Oct. 19 Oct. 19 ~ Oct. 19 Dec. 17 3% Feb. 58 16 Feb. 3 Mar. 29 Feb. 5 Sept. 2 1% 9% 18 16% Jan. 37 81 54 Mar. 8 Jan. 25 Jan. 25 15 CHICAGO 56 AGGREGATE In December Shares 50 SALES 12 Months 1937 2,000 10 1,570 ___• Bid Bid 22 # 12 1,950 10 1,350 400 230 550 4.950 750 9,450 200 200 250 6,300 3,370 3,360 1,080 650 700 1,700 430 '7.150 60 preferred....* 7,700 Parker Pen Co (The) com..10 45,900 Peabody Coal Co B com....* 6% preferred 100 600 11,900 Penn Elec Switch conv A. .10 * 6,450 Penn Gas 9c Elec A com 25 23,370 106,550 20 400 100 1,850 220 20 50 150 1,500 4,310 1,050 200 450 3,550 12", 300 3,050 2,800 2,350 250 100 6,900 6,300 3,350 15 50 750 4,050 530 650 60 (J,100 11,850 4,750 800 1,950 9,500 Pictorial Pap Pkg com 16,250 29,765 9,860 31,950 5,150 17,260 2,480 39,750 1,610 1,630 2,770 2,430 77,570 96,560 1,250 5,150 16,700 41,050 26,400 128,600 63,350 26. 2# Sale Pines Wlnterfront com 51 55 16f! 19i 35 42 Sale Sale Sale 60 100 .... * 96 100 Preferred 135 16 10 vtc 50c Sale —5 Sale 138 20 Sale Reliance Mfg Co Common .10 Preferred 100 Sale tc ▼ 1 Dec. 38 15# Feb. 23 Apr. 16 30) Dec. 11 Dec. 11 Dec. 2 Dec. 3 ....... 4# 13# Dec. 20 10# Dec. 18 24# Mar. 8 17# Jan. 14 Dec. 35 4# # 1# # 1# 77# Dec. Dec. Dec. Dec. Dec. Dec. 35 7 78 Dec. 4# 1# 1# # 1# 9^ Dec. Dec. Dec. Dec. Dec. 30 7 11 10 15 Dec. * * —* Sangamo Electric Co Common (new) Schwitzer Cummins capital. 1 Sears Roebuck 5c Co com. * ... Serrlck Corp cl B com 1 Slgnode Steel Strap Co pf_30 1 25 70# 30 ■ 20 # 5 17# 2# Sale 27# Sale 82 13 Sale 83 12 12 12b««iDec. 18 3 Jan. 12 125# Jan. 18 Dec. 21 150 Dec. Dec. 16# Dec. 10 1# Dec. 9 11# Dec. 16 37 7 3 36 111 34 1 2 97 143 16 2 9 3 Dec. 20 20# 26# Sale 11 54 4 12 55# Sale 29* "32# 23 24# * Sivyer Steel Castings com...* South Bend Lathe Wks cap 5 16# Sale 28 23# 14 18 Sou Colo Power A common. 25 "5"" "6# Common.. - Southw GScR Co 105 7% pref. 100 Southwestern Lt fit Pow pfd. * St Louis Nat Stockyards cap * Standard Dredge cony pref20 -.1 Common 93 «• 85 83# 15# Sale 4# Sale Standard Gas & Elec com...* Stein 5c Co (A) Storkllne Pur common.....* 10 com 18 20 11# Sale Sale com. .5 25 Swift 5c Co stk ...........25 25 31 32 12 Sale Sunstrand Mach Tool 16 13 2# 93 i 76# 60 13 94 78 Sale 14 3# Sale J* iS* 1?S sll? Dec. 122 3 Dec. 17 1 Dec. 14 3# 98 76 59 60 10# 2# 12 2% 4 Sale 11 6 14 Sale 24 11 D"w.""7 Dec. 54# Dec. Dec. 4 Dec. 24 Dec. 16 Dec. 15 29 29 27 20 24 18 Nov. 23 Dec. 29 16# Sale 23# Sale 16 8wlft Internacional—.....15 4# 5 22# —...* 39 # 23 40 Preferred • 28,160 Wahl Co com * 65,630 Walgreen Co com 2,570 Ward (Montgom) 5c Co cl A.* 10,000 Wleboldt Stores Inc com....* Cum prior preferred 290 ...* 19,150 Williams Oil-O-Matlc com...* ..... 24# Sale 5 15 2# 5 Sale Sale 4 5 37 38 5# 16 70 71H 65 # 68 IX Sale % Sale Mar. 27# Mar. Dec. Dec. 7 Nov. 4 107 95 Dec. 14 Dec. 8 3 Dec. 3# Dec. 8 Dec. 13# Dec. 20 6 Oct. ; Dec. 29 Dec. 28 11# Dec. 1 19 19 Dec. 31 Dec. 20 Oct. : 1 6 1# 2# 21# Sale 1# % 1# 14# 21 16 41 35# 1# Sale 20 Sale Sale 10 14# 80 15"" "10 # 68# 35 127 145 4# Dec. 28 12# Dec. 29 75 5Yt 16# 39# 1# 1# 18# Sale 138 140 Dec. 10 71# Dec. 22 1# Dec. 28 # Dec. 28 |# Dec. 29 Dec. 29 1 Dec. 28 16 Dec. 20 34 1# Dec. 23 18# Dec. 28 127 Dec. 3 4# 5 3# Sale 1# 1# 4 Dec. 14 10 76 1) 20 J 1 140 3# 3# Sale 76 10 Nov. 22 11 80 5 Dec. 28 Dec. 20 Dec. 2 Dec. 6 Dec. 28 Dec. 21 Dec. 2 4# Dec. 8 19 Oct. 6 0 8 26 Jan. 28 6 83# Jan. 20# May 7 5# Jan. 28 Dec. 8 6 21 July 15 Mar. 8 15 Mar. 8 28 Aug. 2 8 Mar. 31 Mar. 28] 33! 15) Mar. 19 26) July Dec. 10 Dec. 22 Oct. 18 78] Dec. 21 Dec. 22 [ Dec. 28 5# Dec. 6 15# Dec. 2 78# Dec. 21 71# Dec. 22 1# Dec. 1 # Dec. 1 1# Dec. 6 16 Jan. Jan. 9 Aug. ! 8 Dec. 22 Dec. 34 Dec. 30 Dec. 20 Dec. 29 90 4# 73# 71 Sale # Sale 26 25 Oct. 2 13 19 Oct. 3 63# Dec. 22# Dec. 29 72# Apr. 22 15# Dec. 20 Dec. 28 4# Sale 12# 14 It* 40 35 16 15 Aug. 16 Mar. 31 Mar. 3 Dec. 28 i Sale Feb. 98 Dec. 29 77 5# Dec. 29 Mar. « Apr. 12 Dec. 20 71 9 §I* 42 Dec. 17 2# Dec. 22 96# Dec. 27 9# Sale 3 Dec. 29 Dec. 20 28 13# Dec. 30 2 Dec. 24 96 Dec. 10 Dec. 14 Dec. 1 60 Dec. 29 10 2# Dec. 27 4 Dec. 31 Dec. 20 13 Apr. 20 May 10 Aug. 9 Feb. 11 Dec. 29 13# Dec. 11 62# Dec. 20 7# Dec. 10 29 2 Nov. Dec. 21 29 20 Mar. 12 Feb. 1 Feb. 11 Jan. 8 Jan. 30 20# Dec. 15 Rights 17 18 Jan. Jan. Dec. Dec. 91 # Dec. 29 73 25# 3 20 Jan. 99 99 Jan. 24# Feb. Jan. 4 120«32Dec. 18 120«32Dec. 17 135# Dec. Sale 22 11 Mar. 16 Feb. 1 3 Dec. 21 81 Jan. 3 # Dec. Sale 137# 143 *2# 4 79 120# Dec. 95 Dec. 97 X pref.* .........1 com 18 Jan. 25 Feb. 26 2! 55 Rollins Hos Mills cony Common. Jan. 29) Dec, 12093t Dec. 120,#s*Sale 120,43iSale 7% preferred...———100 0% preferred 9 10 Pub Serv of Nor 111 com Quaker Oats Co com— 17 11# Dec. * . 25 # Dec. 38 com...* Raytheon Mfg Co com Aug. 6 Jan. 14 July 15 18 Dec. 30 Oct. 19 116 Dec. 27 22 12 28 2ft 26,700 Thompson (J R) com.. 2 22,450 Trane Co (The) common 250 Union Carb & Carb cap....* 100 U S Gypsum Co common 20 258,460 Utah Radio Products com..* 5 64,500 Utility Be Ind Corp com Convertible preferred ....7 70,700 200 Utility Power 5c Light cl A.l 2,160 Viking Pump Co common...* 900 14 1 Ratb Packing Co com Dec. 30 6# Dec. 18 Dec. Dec. 25 30 1 Potter Co (The) com Prima Co common 6% preferred 10# Dec. 17 6# Dec. 9 15 5 Common 12 Dec. 27 99 • 330 Ross Gear & Tool 4,750 1,800 1,850 1,700 2,600 Perfect Circle (The) Co Process Corporation Dec. 30 9 14 15 # 29 u 4,110 28,200 93,500 21,300 86,700 10,150 20,350 3,500 20,260 10,290 26,725 4.720 5,650 53,650 37,700 33,370 340 Highest Sale Prices ?». -b 14# * Common Convertible Lowest Sale Prices 102 29 530 Highest Sale Prices 12 15 115] 21} Oahlcosh B'Gosh Inc— 80 650 Ask Ask Lowest Sale Prices Dec. 31 Dec. 1 1937 Par 150 Nunn-Bush Shoe Co com. 2# 120 Okla Gas & El 7% praf 100 110 YEAR 1937 Price Jan. 2 STOCKS Ontario Mfg Co com RANGE FGR PRICES IN DECEMBER CHICAGO STOCK EXCHANGE Shares STOCK EXCHANGE Oct. Dec. 28 Oct. 19 Jan. 14 Nov. 23 34 Nov. 20 # Oct. 18 120 10 76 Oct. Nov. Dec. Dec. 2# Oct. 71 4) Apr. 9 2 Jan. 25 6# Feb. 4 11 Jan. 14 24# Feb. 23 40 Jan. 26 Jan. 5 19 19 49# 24 156 30 26# 20 93 19 4 20 20 Feb. 8 Feb. 15 Mar. 10 June 12# Feb. 4 1 Wisconsin Bankshares— 138,850 61,110 1,000 21,320 187,700 8 Sale Sale Woodall Indust com—.....2 13 Sale Sale ..5 (Chic). 25 Sale 34 Sale Common Yates-Amer Mach cap Yellow Cab Co Inc Zenith Radio Corp com.... 2# a10^ Sale 10 Sale 13# Sale 2# Dec. 28 1# Dec. 21 9 Dec. 4 11# Dec. 29 Dec. 28 4# Dec. 2# Dec. 10 2 8 Dec. 23 19# Dec. 12 Dec. 14 15) Dec. 28 2) Dec. 21 27 j Oct. 19 Dec. 29 43 J a New p 1 •No par value, t Formerly the A. 8c K. Petroleum Oo.; change in title approved by stockholders April 13, 1937. s Ex-dividend, y Ex-rights. dividend. « Stock split-up on a two-for-one basis, e 60% stock dividend paid Aug. 15, 1936. stock, Mar. Feb. • 19 Nor. 16 14 Aug. 31 Jan. b Ex stock RANGE OF PRICES ON BALTIMORE STOCK EXCHANGE Stock Sales Jan. 1 to Dec. 31 SALES In 98,907 899,643 BONDS 1937 3,000 3*4 • Public Impt 7,5O6 500 ~~6o6 '5~666 47.100 34,150 "3"666 Jan. 1 to Dec. 31 RANGE FOR YEAR 1937 Price BALTIMORE CITY BONDS— Bid Dec. 1 Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Dec. 31 Ask Bid SAsk Bid Ask 103 X June ..1940 8 10354 June 8 Mar. 22 16 113 Dec. 28 29 117)4 Nov. 29 28 112)4 Dec. 28 May 12 12 116 Jan. 11 4 119 10 117)4 Dec. 10 July 8 6 119 23 116)4 Aug. 23 Feb. 15 10 115 Aug. 23 16 115 15 108*4 Jan. 15 31 106j| Jan. 14 110 700 4a Annex Improvement.. 1951 .1954 7,700 City 4s Annex Impt.. 1,000 City 4s Art Museum (cpn)1963 7,700 $232,500 2,877,550 $125,350 1,961,150 Jan. 2 1937 '3*,300 1936 1937 December PRICES IN DECEMBER BALTIMORE STOCK EXCHANGE 12 Months December 1936 83,509 858,504 Shares_ AGGREGATE Bond Sales 1937 , December 2 117 117 Dec 112 M Dec" "28 119 Dec. 28 119 Dec. 28 Apr. 117 Dec. 28 117 117)4 Nov. .jy~ 1948 3,300 2d School Serial 2,000 City 4s 3d Sewer Ser (cpn) '59 9.700 4s Sewerage Impt.... .1961 500 4*£• Sewer Mar 1952 1961 1,500 City 4s Dock Impt. 1957 2,000 City 4s Engine house 900 4a Paving Loan.........1951 3.600 3*4§ New Sewerage Imp 1980 1,000 Bait Co 3d school 4^s...l940 22.000 Atlantic Coast Line 5% ctfs.. Bait Harrisburg RR 1st 5% West Ext 1938 1,000 1,284,150 Bait Transit Co 4t flat..1975 A 5s flat 1975 393,450 B 5s 1975 43,500 24,500 Finance Co of Amer 4%..1942 21,000 4% 1947 8.000 Georgia Marble 6s flat 1950 1945 17.000 Ga Southern 8c Fla 5s - 112 *4Dec"'"28 Dec. 28 112*4 Dec. 116 May 115 117*4 Dec. 10 117)i Dec. 10 117 *4 113 *4 116)4 111*4 Dec. 10 111*4 Dec. 10 111*4 ..... 108 Feb. Dec. May Aug. Dec. Feb. 108*4 Jan. 94)4 Dec. 94*4 Sale 94*4 Dec. 31 95 Dec. 23 *4 25 *4 23 Dec. 31 27 Dec. 11 22)4 Oct. 25 Dec. 29 31 Dec. 14 25 3 101 Sale 25 27 Sale Sale Sale Oct. Oct. 14 41 54 Jan. 48 Jan. 8 14 101 20 6 Mar. 17 Sept. 29 104 97 Dec. 29 100*4 Sept. 24 96 Aug. 26 Nov. 24 91 May 3 83*4 Oct. 18 93 67 *4 June 3 72*4 Feb. 11 Oct. 19 95 93 90 Dec. 29 97 97*4 91*4 97 X Dec. 28 93 95 lr* Interstate Bond Co coll tr 8,000 5% series BBB 1944-51 1942 5,000 Interstate Co 4 1,000 Interstate Co 5%....... 1945 1,000 5% 1948 2,000 5% 1950 1,000 Knoxvllle Tract 1st 5%. 1938 49.000 Read Drug 8c Chem 5Hs_1945 1,000 's'ooo Share» STOCKS. Shares 50 99*4 101)4 101 101*4 100 )4 Dec. 4 100)4 Dec. 4 10154 100 10054 10154 Dec. 8 10154 Dec. 8 71,120 4,136 14,085 17,336 300 1,464 1,351 Arundel Corporation • Atlantic Coast, L (Conn)—50 15,358 1,029 50 18 46 Sale Sale 18 12 Sale 15*4 Sale 31 28 2*4 Sale 2*4 17,365 3,495 263 100 ConsolGas ELfc Power * 100 6% preferred.. 110 Eastern Rolling Mill com. 100 31,506 Eastern Sugar Assoc com ...1 17,991 Preferred 1 7,800 Fidelity & Deposit 20 6,758 Fidelity Ac Guar Fire Corp. 10 4,043 Finance Co of Am class A...* 790 Class B_. * 4,955 1,359 498 171 722 Sale 15 Black 9c. Decker common— 32 Sale 1 8 a\X Sale 2 13*4 14*4 12 Dec. 31 14*4 28*4 *4 1*4 Dec. Dec. Dec. Dec. 12 Dec. 31 17*4 Dec. 6 II Oct. 28 30 Dec. Dec. 8 22 Nov. 26 2*4 Dec. 1 20 28 Dec. 20 1 1 15*4 Dec. 21 20 Dec. 20 45*4 122 44*4 12*1 Sale Sale Sale 123"" 46 13*4 66 Sale 65 113*4 113*4 114*4 Sale 8*4 Sale 18*4 Sale Sale 96 Sale 10 "M if* 94 92 9*4 Sale 4*4 Dec. 29 6*4 Dec. 29 15*4 Dec. 29 454 Dec. 29 8*4 Dec. 4 19 Dec. . 4 90*4 Dec. 29 97*4 Dec. 13 3 33*4 Dec. 9*4 Dec. 29 36 Dec. 16 10 Dec. 1 311 88,572 399 478 1,348 3,989 3.408 34,336 175,927 -1,476 8,190 10,806 Preferred 20) 42) Sale 9,613 8,002 1,342 5,298 93 '""918 74,038 42.587 63 ....100 1 Common class A Transp * W Penn PS 7% pref.25 Merch Ac Miners Monon Mt Vern-vV'oodl Mills Com 100 New Amsterdam 25 '""256 230 5 72 Preferred 15 27) 53 74 16*4 * 23*4 16 24 Class B 59*4 61 12,847 146,500 2,924 204 14*4 25*4 2 Dec. 1 3 Dec. 16 2 Dec. 7 3 Dec. 14 2 20 14 16 ----- Dec. 24 Dec. 16*4 Dec. 21 24*4 Dec. 29 7 j.4 22 19 19 50*4 Sale 40*4 10*4 Sale 1*4 Sale 50*4 Dec. 31 61 Dec 10 Sale 154 Sale 102*4 *4 Sale "91*4 105 109*4 73 70 1*4 Dec. 2 8 Dec.' 23 Dec. 31 154 Dec. 1 92*4 Dec. 16 *4 Dec. 1 70 Dec. 6 75" "Dec. 29 75 1 *4 54 70 Sale 113 Sale 13*4 65*4 11 Dec. Dec. 28 34 28 35*4 Sale 14 Sale 33 34 40 34 13*4 13*4 13*4 Dec. 30 34 33 Dec. 1 ■/ 2 Aug. 18 4 Nov. 26 8*4 Oct. 19 2 1*4 Dec. 65*4 70 Oct. 19 Oct. 90 108 13*4 Dec. 28 2 15 50*4 Dec. 31 42 9*4 Dec. 20 Oct. 2 6*4 Oct. 22 8 50*4 Jan. 6 Apr. 3 48*4 Jan. 22 1354 Mar. 11 13*4 Feb. 9 48 136 Feb. 25 Apr. 21 May 26 29 13 21 15 19 5 22 17 13 27*4 Jan. 27 7*4 Apr. 27 82 Mar. 4 41 Jan. 45 June 28 .'18 19 Dec. 23 Dec. Jan. Mar. 1*4 Jan. 12*4 Jan. 2*4 Jan. 454 Jan. 4*4 Apr. J80 July Oct. 22 1 5 Jan. 90 Oct. Dec. Sept. 89*4 Jan. 115 62 Oct. 14 Jan. 22 Nov. 3 24*4 Jan. 22 42*4 Feb. 24 Mar. 2 11 42*4 Oct. 22 Feb. 15 Jan. Oct. 2 Jan. 25 4 Feb. *4 Dec. 6*4 Dec. *i Dec. 4 No par value. Oct, Oct. 260 90*4 Dec. Sale Preferred....—........25 Ac Guar Western National Bank *4 Dec. 8 7*4 Dec. 14 *4 Dec. 2 104 95 Feb. Nov. Feb. Feb. Feb. 2 1 9 9 10 111*4 Mar. 17 Mar. 1 103 18 Feb. 16 3 18 Feb. Dec. 14 34 Dec. 28 .45 15*4 Dec. 24 11 Oct. 19 Apr. 24 29*4 Jan. 14 15*4 Oct. 29 37 13*4 Dec. 28 10 10 70 U S Fidelity 2*4 Sale 254 „2*4 219 221 2 42 .... """275 * 38*4 26*4 42 10 14 *4 Dec. 28 Sale 2 2*4 Sale 530 Phillips Packing Co., pref.100 1,036 Seaboard Comm'l com A...10 60 18*4 Dec. 15 Dec. 20 12*4 Sale 30 Casualty..2 North Amer Oil Co com 38 1 19 42*#1 Jan. "4*4 Sale" 33,300 Owings Mills Distillery 1 2,382 Penna Water 9c Power com..* 196 14*4 Dec. 31 90 100 Preferred.... 89 3 25 1 Sept. 33*4 Dec. 31 954 Dec. 29 12 Sept. 10 55 15*4 Sale Dec. ...... 848 Northern Central Ry... 750 Sale' Second preferred....... 100 Mar Tex Oil 120 National Marine Bank 5,415 16,712 17*4 ....25 ... 38 Mercantile Trust Co.......50 2,192 Dec. 4 July 23 Aug. 19 9 Jan. 2Q 3*4 May 11 Dec. 29 2*4 Nov. Mfrs Finance common v t—• 1st preferred Aug. 3 Sept. 8 Oct. 20 Nov. 2 12 Dec. 31 2354 Apr. 22 54 Mar. 4 Dec. 20 454 Dec. 29 Oct. 19 5 10 25 2*4 60 45 ....100 Preferred preferred....100 124 Humphrey Mfg Co com ...* 25 1*4 Realty com.......* Houston Oil 25 20 •7 Ga Sou & Fla Ry 1st pref.,100 3,775 5 Dec. 28 42*4 Oct. 10 General Electric............ Guilford 20 19 Aug. ► 2 Oct. 62*4 Dec. 28 269*4 Dec. 14 62 8 110*4 Oct. 2 115 Dec. 113*4 Dec. ... 3,074 Nov. 4 ip 1 87 115 Dec. 31 28 13*4 Dec. 29 20 22*4 20 195 Brager Eisenberg Inc com..50 100 Chalmers Oil & Gas pref..... """666 17 2*4 Bait Transit Co com v t c__ 1st Preferred v t c ....* 115 Benesch & Sons Co Inc— * " Apr. 14 100 Sept. 8 98*4 Oct. 20 99*4 Nov. 2 99*4 Nov. 3 100*4 July 23 95 100)4 Jan. 25 102*4 par 50 Am Rad & Stand San Corp..* 3,511 99*4 101*4 99)4 101 37 34 Dec. 18 i!M Nov. 23 Feb. Jan. 10 5 RANGE OF PRICES ON BOSTON STOCK EXCHANGE December In December * 12,665 2,000 Shares SALES *4,000 559 120 12,179 6 1.619 4,294 2,608 2,081 """221 350 "2"629 1,708 610 627 15 492 35,290 28,088 4,772 9,190 1,159 3,061 670 ""452 Dec. 1 1937 Bid Boston Term Co 1st Ask 100 1,152 Series C 6s 1948 Series D 6s 1948 Series E 6s 100 1,163 610 598 310 552 50 370 4,963 95 ~ 1*537 256 190 2.138 250 25 3,640 283 7234 100 100 1.935 1% 6 30 Sale 80 442 25 874 "l'l79 12,517 350 685 50 2,448 30 146 1,314 12,887 "2^501 596 336 966 4,646 "l"570 37 481 3,376 5,281 210 100 Sale 18% Sale 2% 620 2,958 163 12?350 125 Sale ...... Sale 4 10 Sale 85 • 12 _25 30c * 3% Sale ~~2% 70c 3% Sale uo Adjustment..... 5% 2% 3% 100 IncIIII..* 15 Stores "I* '15% " "l io Royal Copper.........28 Loew's Theatres.....a.__l25 Maine Central...........100 5% ..100 * v t c Mayflower-Old Col Copper.25 Mergentbaler Linotype * Narragansett Rac'g Assn Incl . . shs t c 210 New River Co Preferred 933 100 com .....100 18,779 N Y N H 5k Hartford 473,342 North Butte 342 Northern RR (N H) 28,142 Old Colony.... II1100 ..... Certificates of deposit Old Dominion Co..... Pacific Mills Pennsylvania RR.... Rights Quincy Mining Co 2.50 100 ito 2% 14 "3% ZZ1ZZ 50 7 35c lioo 50 2 3% Sale 24 15% 15% 11 15 Sale 3 3% Dec. 2% Dec. 15 3% Dec. 31 9 Dec. 3% Dec. 31 4% Dec. 29 334 Dec. 24 10 63 89 95 9534 May 17 101 78 Nov. 6 101 6 50c 25c Sale 3% Sale 12 %c 25c 1% Sale 1% 35c 45c 18 Jan. 28 Feb. 23 Jan. 4 Jan. 7 Jan. 7 7534 Nov. 17 2% 7% Sale 2% 29 Sale Sale 105 14 Sale 70 5% Sale 65c 70c 11034 2234 24 ~~~X "'% 41 40 X 42 Sale 1 Sale 1 13% Dec. 4% Dec. 6 78 A** Sale cV/* 46c 7 6 35c 75c 1234 Sale 22% Sale ..... 43* 334 30c 14 Oct. Oct. 25 Suburban Elec Secur com..* 2d preferred 480 Torrington Co (New) *» Union Copper Ld 5c Mln Co 25 Union Twist Drill 5 United Shoe Mach Corp...52 25 Utah Apex Mining.........5 Utah Metal 5k Tunnel. 1 110 Venezuela Mexican Oil CrpIO 104 Vermont 5k Mass Ry Co_._100 16,235 Waldorf System Inc * • 26,074 Warren Bros 2,961 Warren (S D) 5k Co com ....♦ 25% 2% 3% 14% 29% Sale 3% Sale 14 3% 19 2334 2% Sale 10% Sale 15% Sale 91c 50 56 30 34c 35c 25c 28 27 27% 89% Sale 41|| 42% 1% Sale 1% 2 izl 16% 10% ~™. 17 11 35 3% 3% Dec. 434 Dec. 9 21 31 23 Oct. 4 19 Dec. 29 -29 1 Dec. 1 Dec. 27 Dec. 30 1% Dec. 30 6% Dec. 29 2 , 934 Dec. 1 4% Dec. 49 354 Dec. 54 % Dec. 31 23 7 10 Dec. 21 18 Jan. Dec. 17 151 Feb. 13 6 734 Feb. 2034 Jan. 234 Jan. 10 12 12 Dec. 30 3% Oct. 2 19 Jan. Oct. 21 Feb. Jan. 11 15 19 Jan. 18 2M Dec. 22 1 49 2534 Dec. 29 75c Oct. 12 Dec. 8 23 Dec. 8 7 234 Dec. 14 2 3% Dec. Dec. 15 Dec. 31 Oct. 23 2 Dec. 13 Dec. 29 9 15 25 Dec. Dec. 10 27 Dec. 17 Dec. 29 8 1634 Dec. 2934 Dec. 20 2 1% Dec. 6 Dec. 7 3 734 Dec. 1 1034 Dec. 134 Dec .20 8% Dec. 134 Dec. 20 Dec. 20 Dec. 6 9 134 13 34 834 2034 1 Dec. Dec. 14 Dec. 31 8 Dec. 1334 534 2034 134 Dec. Dec. Dec. Dec. Dec. Dec. Dec. 2 10c 10 Dec. 2 Dec. Dec. 105 2 15 Oct. 27 May 3 May 10 Oct. Oct. I* Oct. m Deo. 25c 6 Iie 25c 2 20 Dec. Dec. 17 16 234 Dec. 21 934 Dec.'15 734 Dec. 28 xf Nov. 30 13 Oct. Dec. 29 20 Oct. 18 1 134 Dec. 5c Mar. 3 22 Dec. 29 Oct. Sept. 20 Dec. 2 34 Dec. 1034 Dec. 1534 Dec. Dec. Dec. Dec. 25 68 17 7634 Dec. 15 39 3834 39 38 Dec. 91c 92c 98c 90c Dec. 29 1 1% 4 3 115 Dec. Dec. 134 Dec. 134 Dec. 4 110 8 1 Dec. 34 Dec. 8% 3% Sale 26 28% 100% 107 6% 7 3% 4 18 23 134 Dec. 15 100 7 Dec. Dec. 23 100 Dec. 29 834 Dec. 5 Dec. 334 Dec. 29 22 Dec. 27 2734 Dec. Jan. 15 234 Jan. 14 27 Feb. 26 19 Jan. 5 19 24% May 64 1 56 113 x6' 5 Mar. 29 334 Jan. 1 Mar. 1 Feb. 9 Apr. 20 Mar. 16 Mar. 16 Feb. 15 Mar. 4 1034 Feb. 26 6834 Dec. 24 134 Oct. 19 8 4 Mar. 634 Jan. 7 19 93 23 Jan. 11 934 Mar. 8 36c Dec. 14 234 Mar. 31 June 16 11334 Mar. 17 108 8 334 Dec. 27 2934 Jan. Dec. 29 334 Dec. May 3 Oct. 16 334 June 8 1434 Jan. 22 Feb. 1 Jan. 11 Jan. 2 54 Dec. 27 Nov. 4 142 25c Nov. 9 1034 Oct. 19 20 1% Sale 19 3 14 20 Sale 19 71 3 30 2 28 Dec. Sale 98c 19 1934 Oct. June 5 134 Jan. 3434 Jan. 18 9 17 11 11 12 25 20 9 19 18 " Mar. Mar. Mar. Jan. Jan. 19 2 Dec. 17 20 Nov. 27 234 Nov. 22 934 Dec. 15 Oct. 19 2 91c Nov. 26 40 91c 7034 Sale 37% 40 20 19 Dec. 10 Dec. 31 2434 Dec. 11 % Dec. 3 S\H 19 Dec. 1 35c 9 534 Dec. 14 25% Sale 21 23 Dec. 28 Oct. 19 Oct. 13 Oct. 98 10 2 34 Dec. Dec. 334 Dec. 27 2% Dec. 29 9 Mar. 4 Mar. 11 Dec. 29 Oct. 47c Dec. 23 34 Dec. 35c 2 Jan. 10c 10 Dec. 71 % Dec. 2034 Dec. 29 99c 51 Sale Jan. Nov. 29 2 Ded. 21% Sale 23 7 4 4 Dec. Sale 234 2% 9% 10 1034 Sale 5 1534 Mar. Jan. 2234 Dec. 6834 Dec. 13? Dec. ~ 36c Dec. 10 434 Dec. 34 Dec. 134 Dec. 98 Dec. 26 2234 Dec. 3% Dec. 25c 2% 19 18 Jan. 35c Dec. Dec. 5 4 Jan. Nov. 20 18 41c 51 20 Dec. 28 Dec. 1 45c Sale 10 70 Jan. 334 Mar. 12 2% Dec. 22 35c 25c Sale 6 434 Oct. 1 35c 19 19 7 Dec. Dec. Mar. 8 Mar. 27 63 Dec. 22 Dec. 1 Dec. Dec. Mar. 5 Mar. 30 2434 Mar. 30 Dec. 25% Dec. 80c 3 Dec. 29 3 6% Dec. 35c Dec. 2% Dec. 20 Dec. 24 Apr. 29 35c 8 Dec. 8 12 8 Mar. Dec. Dec. 76 5634 Mar. 3 Dec. 17 3 Dec. 30 334 634 434 334 6 21 Nov. 4 2 Mar. 8 Jan. 0 Mar. 23 Mar. 25 Mar. 23 Dec. 29 b» 2 Jan. 8 6 Dec. 20 1154 Dec. 10 234 8 Jan. Dec. 16 6»i Mar. Sale 4 19 18734 Jan. Feb. 28 115 Dec. 30 1834 Oct. 19 1 20 15 Jan. 9 Dec. 30 3 5% Dec. n% Dec. 22% 234 Jan. 634 Jan. 30 1834 Mar. 30 2434 Mar. 4 3 18 1% Sale 40c 9 21 334 Nov. 23 234 Dec. 15 334 Dec. 31 6 35c 3% Sale 1234c 25c 1% 1% 100 Oct. 47 50c 8% Sale 10 6 115 22 '13% *18*" 23 Dec. Nov. 17 8834 Dec. 28 4% Dec. 13 Dec. 1 "1% ,2* n,rA 101 15c 15% 27% Sale 1% 51c Dec. 22 52% Dec. 2034 Dec. Dec. 2234 Dec. 140 10 91 7 15c 2% 7% 5 25 9 „ 26 % 6 3 53 7 Sale 20 19 10 11% 3734 3834 334 Sale 56 1 4 1% Sale 13% 15 7% Sale 20 23% 1% Sale 6% 90c 23 22 22 1834 70c 3 2% 50% 49% 26% Sale 20 40c "5 35c 29 Sale Sale 2 2l 9 1% 2% 7% Sale % 4% Sale 9 234 Reece Button Hole Mach..lO Reece Folding MachCo 10 Shawmut Assn T C Stone 8t Webster Inc cap stk* Ex-dividend. 3 12 80 10% Sale 1% 2 IX 8 Venezuela Holding Corp 2 1 ~_25 Preferred... 7 15c IV*. 13 34 1 Tel..1100 England Tel 8k 30 28% * Co tr ctfs 1 10 70 Sale 100 5% Sale 3 54 80c 25 National Tunnel & Mines..* 300 N E Gas & El Assn pref.. * Sale 31 100 Dec. Dec. 18 Dec. 22 3 Dec. 3 6% Cum preferred.....100 591 Int'l Button Hole Mach Co. s 3% Sale 434% Cum Prior pref... 100 New Dec. 30 Dec. 9 2M Sept.27 "5% 8% Sale % 6% Sale com Preferred B 1834 Dec. 31 Dec. 30 75 1 First preferred... Dec. 30 10 Sale 90 16 125 1034 Sale 3% Sale 2% 3 X Sale !S 3 25 .... No par value, 4 §* ......25 East Mass St Ry Co Dec. 3 common East Boston Co Eastern Gas & Fuel Assn 115 47 2 Dec. 29 2 100 Copper Range Co 92 Dec. 3 12% Sale Class B 1st preferred...100 Class C 1st pref stampedlOO 1st pref class C Dec. 9 80c 1% 1% Dec. 22 1234 Dec. 23 12% 142% Dec. 29 151% 51c Sale" Prior pref 100 Class A 1st pref stampedlOO 1st preferred class A 100 Class B 1st pref stamped 100 com 70 Sale 3} JIlOO ... ... 13 1,839 1,546 52 % 20 2 "SH ...... Nat Service Co 61 1 Sale Preferred Dec. 88% Dec. 28 102 % Dec. 48 Mass Util Associates 3 7234 Dec. 13 9 93% Sale Isle 64 Dec. 2 Sale ... Dec. 30 Dec. Boston Elevated 100 Boston Herald Traveler Corp* Boston & Maine pref stpd.100 Common ...100 10,767 11,549 Helvetia Oil 61 70 90 Sale Class B Highest Sale Prices 94 120 ... 23,437 28,765 11,539 50,939 5,030 32,345 378,816 4,288 Sale Sale ......... "2*595 14stA 117 .30 90 2 19% Sale A preferred.. 2.086 20 9,065 Gilchrist Co Gillette Safety RaxorCo • 24,114 2.535 Hathaway Bakeries cl A....* Preferred 841 ♦ 1,225 4,012 10,109 22,745 65,453 60,520 2,828 1,741 35,860 60.363 5,533 IVi 75c 55c 2 19 Sale 100 Boston Edison Co 22,528 Employers* Group Assoc T C* • 4,768 General Capital Corp 17 General Stockyards Corp pf.* 805 Georgian Inc (The) com * 23,123 1 80c 102% Sale 688 75,915 1,488 22,908 6,851 27,037 4.536 9,790 87,077 9,667 73,544 60c IK * Sale Preferred...... 1,117 Economy Grocery Lowest Sale Prices 7534 Nov. 17 94 Sale Eastern SS Lines, Highest Sale Prices 78 78 78 78 78 preferred...50 First preferred 50 Preferred Lowest 103% Jan. 28 104 60 74 non-cum 8,858 "rown 5c Durrel Co 74,336 Calumet Be Hecla 10 6234 80 65 70 78 ' 100 1937 Par. Amir Pneumatic Service 6% Ask 60 Class D 1st pref stampedlOO 1st pref class D 100 6,505 Boston Personal Prop Tr * 738 Boston Be Providence.....100 93,325 5,640 6,746 8,152 9,692 8,695 4,034 2,140 4,526 18,703 YEAR Sale Prices Dec. 31 Ask Bid 94 1948 824 Cliff Mining Co... "2~60l Bid 8734 849 73 75 $59,500 RANGE FOR 334S.1947 East Mass StRH serA «34s 1948 Series B 5s 1948 3.582 60 1936 $14,000 PRICES IN DECEMBER Amer Telep Be Teleg 100 642 Bigelow-San Carpet pref.100 9,917 Boston Ac Albany 100 36,898 22,834 17,894 1,804 4,352 1937 — Price BONDS STOCKS 14,017 7,980 2,422 125,200 December. Jan. 2 Shares. 1,391 654,169 BOSTON STOCK EXCHANGE 12 Months 1937 347,500 104,850 15,200 5,750 4,000 1936 548,952 Shares„ AGGREGATE Bond Sales 1937 Stock Sales Nov. 12 2434 Dec. 11 25c Aug. 2 1834 Nov. 29 6434 Oct. 19 3634 Apr. 28 7 134 Jan. 51c 134 434 100 Oct. 19 Feb. Jan. 334 Feb. 56 Feb. 4134 May 21 1 Mar. Mar. Jan. Jan. Feb. 11 10 29 25 23 June 7 2 21 21 11 15 K5 234 Mar. Apr. 20 734.Jan. Sept. 21 Dec. 23 130 Apr. 7 1934 Feb. Dec. 29 12 34 Jan. ' 234 Oct. 18 46 Feb. Dec. 27 22 r\ RANGE OF PRICES ON PITTSBURGH STOCK EXCHANGE December Shares. AGGREGATE In December BONDS 10 . 350 16"505 Highest Sale Prices Sale 16 165* 39 Sale 3X Sale 5X 65* 33 335* 1251 1051 Sale Sale 115* Sale 85* Sale 25* Sale 15* Sale 15* Sale 1 55* 4 35* 35* Dec. 30 75* Dec. 29 Ask Dec. 13 155* Dec. 29 185* Dec. 105* Dec. 28 85* Dec. 31 135* Dec. 105* Dec. 13 108 18 5* Mar. 155 200 935 Crandall McK St Hend— 210 140 16,292 Devonian Oil... 212 Duff-Norton Mfg Co " 1~240 * .......10 * 36.448 Duqueane Brewing.........5 7,505 Electric Products.....——* 20,806 Pollansbee Bros pref 100 65,163 Fort Pitt Brewing 1 9,685 Harb-Walker Refrac com.. * 100 Home (Jos) common 100 525 4,290 316 50 July 8 Mar. 10 July 7 Jan. 27 Feb. 25 Feb. 16 Mar. 3 Feb. 13 Jan. 14 Apr. 6 Apr. 5 Aug. 19 Dec. 6 8 3 15* Dec. 10 14 18 18 10 31 1 7,586 Koppera Gas St Coke pref.100 11,204 * 137,654 Lone Star Gas 48,965 McKinney Manufacturing. _* 5 6,488 Mesta Machine.. 10 220,082 Mountain Fuel Supply 79,694 Nat Fireproofing Corp com. 5 1,390 Penn Federal Corp common.* 220 356 10 4,100 500 . 330 210 20 , 45*% """350 540 462 2,728 2,370 6,253 14,369 3,799 42,813 17.449 2,700 300 110 "4" 076 202 19 Sale 'ml iiiii Sale 15* • Pittsburgh Steel Foundry..* Preferred .......—100 5,484 Plymouth Oil Co 53,205 Renner Co 105* 70c 80c 75c 21 783 ""'l0 2,830 "2", 330 494 25* Dec. 20 7 1 Dec. 29 Dec. 21 25* Dec. 225* Dec. 1 7 4 8 26 Feb. 3 Jan. 185* Dec. 23 Feb. Feb. 12 Dec. 31 135* Dec. 8 8 Sale Dec. 21 185* Dec. 23 Dec. 29 Dec. 3 Dec.' 30 115* Dec. 3 Jan. 85c Dec. 6 Jan. 235* Dec. 2 Mar. 7 Aug. 24 9 10 80c 70c 215* 21 Jan. 11^ Sale 2 Sale 7 5* Sale 8 85* 25H 5c 4c 3*4 35 IIIII 8c 1005* Sale 75* Sale 75* Sale la 15* 55* Sale 25* Sale 1 X8 15* 25 4c 35 1 15* 365* 38 65* Sale 15* Sale 15* 24 6c "25* _ 205* 4c 10c .—__ 4 Sale 72 Sale 102 5c 25* 24 25* 22 65* 6% Preferred ... ... 10 6% preferred—.........100 Rights 26 5c 7 Dec. Dec. Dec. Dec. Dec. Dec. 28 2 15* 29 365* 27 45* 29 15* 2 15* 6 255* Dec. 4c 9 Dec. 3 Sale Dec. 3 10c 6c Dec. 2 Dec. 23 22 75* Dec. 7 16 8 8 15* 425* 65* 25* 15* 255* 6c Dec. 3 2 Dec. 9 Dec. Dec. 31 8 Dec. 2 Dec. 6 Dec. 11 55* Oct. Jan. 16 Oct. Feb. 35* Oct. 15* Oct. 15 Mar. 5 Jan. 11 Mar. 11 1 May 11 1 35 6 25* 845* Sale 135* 8 Sale 15* 25* 86 Sale 7 Sale 8 10 65* 15* 845* 65* 95* Dec. 28 6 Dec. 1 Dec. Dec. 29 3 Dec. 4c Dec. Jan. Jan. Dec. Dec. Dec. 16 2 6c Dec. Jan. 25* Oct. 22 Dec. Feb. Feb. 75* Dec. 8 3 23 13 225* Oct. 85* Dec. 13 3 Dec. 11 895* Dec. 27 3 85* Dec. 95* 15 Dec. 8 165* 1 15* 2 3 '185* "19X 2c 65* 14 1 15* 2 13 165* Dec. 29 17 — 17 D<ic. 29 95c 25* Dec. 21 155* Dec. 14 195* Dec. 2 Oct. 55* Nov. 15* Feb. Nov. 65* 3 Sale 25* 75* 95* 100 6 5 Oct. Jan. Jan. Jan. 25* 95* 25* Dec. 30 7 Dec. 28 Mar. 11 May 12 16 Dec. Jan. Feb. June May 8 Dec. 29 7 95* 295* Sale 2 Steel———* Victor Brewing Co 1 285* Dec. 29 50 45 48 45 95c 65c 60c 65c 65c 11 Dec. Y.oo 445* Dec. Dec. 15 * 00 6 45 65c Dec. Dec. Sept. 15 ! Feb. 6 l 24! 99! Sale Sale 245* Sale 995* Sale 23 55 * No par 886 Lone Star Gas 45*% pref. 100 1 8,947 PennroadCorpv tc value % Ex-dividend. 112 275* Dec. 985* Dec. 29 1115* Dec. Dec. 16 1125* Dec. 2 Dec. 27 25* Dec. 4 Mar. 8 i Jan. 22 Dec. 29 112 8 Feb. 23 t UNLISTED. 1,003 5 25 1 Mar. 3 ; Feb. 18 335* Dec. 18 Waverly Oil Works—d. **A"* Westghouse El St Mfg 17 28 Oct. 15 4 44 18 30 10 Jan. ——_——* United Engine St Fdy—.—5 United States Glass.......25 8 29 29 Jan. 75* Dec. 3 9 Apr. 22 125* Oct. 2 15* Dec. 25* Dec. 21 155* Dec. 17 295* Sale New.. Westinghouae Air Brake Mar. 4h Oct. lc" "~3c~ Sale 14 14 2 Mar. 12 Feb. 4 80 Jan. 3c 30 Aug. 18 July 27 Feb. 4 55* Oct. 90 6 15* Oct. 16 IIII "95" 15* Nov. Dec. 6c 25 Feb. — Vanadium Alloy 30 5 9 Sept. 27 70 Dec. 14 72 Dec. 10 1005* Dec. 29 1035* Dec. 7 30 5 ..1 * 1,905 Reymer & Bros common ..............5 2,405 Ruud Mfg 192,443 San Toy Mining............1 161,060 Shamrock Oil St Gas........1 1,977 13.533 5,621 3,360 65,606 2,061 35,883 8,351 195* 68 135* Bolt Corp 5,565 Standard Steel Spring..—..* 290 6 3 97 Sale' Pitts Screw St 170 19 12 185* Sale 176,084 25* 21 135* 115* 115* 12 X ----- Pittsburgh Forgings ..1 Pittsburgh Oil St Gau 5 Pittsburgh Plate Glass....25 5,588 Dec. 100 Preferred 263 "'"412 Preferred.....—.50 ...25c 161,820 Phoenix Oil com Preferred................ 1 25,390 * 17,385 Pittsburg Brewing Preferred * 8,159 305 Pittsburgh Coal Co com.. 100 111 25* 185* 16 ... 4,743 5 105* Dec. Aug. 24 Sept. 10 540 13,633 4 Sale 100 Preferred 93 800 8 i 2% Sale 20 107 425 Sale 95* Sale 785 Jeannette Glass preferredlOO 175 Jones St Laughlin St'l pref 100 29 0 Feb. 8 Jan. 13 Mar. 12 . 20,501 Clark (D L) Candy * 35,255 Columbia Gas St Electric...* 1,034 Consol Ice Co common * Preferred— 1,086 1,282 Copperweld Steel ...—10 1,855 4 May 26 85* Sale 10 105* 635 Central Ohio Steel Prod—..1 f 3,449 . Mar. 35* Dec. 31 75* Dec. 15 425* Dec. 7 Dec. 108 Doc. 13 Ill 3 35* Dec. 30 55* Dec. 14 305* Dec. 29 ""* 108 100 . 2,22l Lowest Sale Prices Ask —* Preferred 4,575 Arkansas Nat Gaa Corp • 4,562 Preferred ...10 14.532 Armstrong Cork Go * 69,692 Rights 23,263 Blew-Knox Co * 2,414 Byers (AM) * 10 CalorizingCo preferred—..25 241.958 Carnegie Metals ..........1 155,460 Rights 365 Highest Sale Prices Ask Bid 107 Bid STOCKS 6,429 Allegheny Steel 1,147 Lowest Sale Prices Dec. 31 Dec. 1 1937 Bid Shares " YEAR 1937 RANGE FOR ' 25,000 Pittsburgh Brewing 6s—1949 —110 $6,000 Price S Shares 261 Jan. 1 to Dec. 31 Jan. 2 12 Months 1937 looo $1,000 $25,000 PRICES IN DECEMBER PITTSBURGH STOCK EXCHANGE SALES 1936 1937 - December. 291,374 2,942,637 140,724 2,541,098 Jan. 1 to Dec. 31.. Bond Sales 1936 1937 Stock Sales Apr. 29 113] 25* Oct. 19 5! Ill Oct. Mar. i •V „ RANGE OF PRICES ON DETROIT STOCK EXCHANGE Stock Sales December 1937 Shares AGGREGATE SALES 1936 297,862 December 12 Months 1937 Shares 975 4,186 4,625 1936 7,094,262 RANGE FOR YEAR 1937 Price STOCKS < Allen Elec & Auto Equipment City Brewing Dec. 1 1937 Bid Ask Bohn Aluminum & Brass...5 2 1 * h 41 8" Sale 9 31* Capital City Products... 14* 100 Casco Products Corp * Sale Sale 6* Sale 52 Highest Lowest Sale Pr\c*s Salt Prices Sale Prices * Dec. 31 * Dec. 27 6* Dec. 29 1* Dec. 8 * Dec. 1 8* Dec. 20 44 22 Brlggs Mfg Co common ...* Burroughs Adding Mach...* Burry Biscuit Corp 12He Lowest Ask Sale "Pa Bower Roller Bearing......5 * Dec. 31 Ask Bid Bid 1 common. 221,778 Baldwin Rubber common...1 3,748 5,170 15,680 27,039 49,288 4,243 1937 4,948,902 Shares Jan. 2 Par 12.410 87,489 Sales 1 to Dec. 31 PRICES IN DECEMBER Shares 2.925 12,276 5,878 I Jan. DETROIT STOCK EXCHANGE In Stock I 568,676 *54" 33* 20 19 22* 17 17* * Dec. 31 Dec. 27 Oct. Oct. 19 18 Nov. 19 47 Nov. 24 34* Aug. 11 56* Jan. 14 2 Sale" Sale 16* Dec. 29 2 Dec. 13 35 Dec. 9 19 18* Dec. 2* Dec. 3 2 16 Oct. 2 Oct. 19 Oct. 20 25 * 2* Feb. 18 15* Feb. 12 * 5* 29* 18* 10 17* 2* Sale 10* Sale Dec. 28 Highest Sale Prices 3 July 22 19 16* Sept. 27 Feb. Jan. 7* Mar. 23 Feb. 27 21 8 0 16* Sept. 27 Chamberlin Metal Weather 150 10,120 52,047 12,171 13,694 3,782 3,568 11,596 960 300 1,020 100 Strip Co common ......5 Chrysler Corp common.....5 Consolidated Paper com... 16 22 Continental Motors com.... 1 9* Crowley, Mllner & Co com..* 7* 57* 48 Sale 47 14 14* 14 17 14 if 4 6* 1 * 1* 5* 40,641 Detroit & Clevel Nav com..10 68,526 Detroit Cripple Creek G M..1 6,977 Detroit Edison com......160 14,810 Detroit Gray Iron Fdy 1 62,778 Detroit Mich Store common .1 56,091 Detroit Paper Products ..) 29,063 Detroit Steel Corp com ..5 1,170 Detroit Steel Products.....* ""675 4,160 2,175 5,930 300 100 300 1,281 4,226 5,307 28.411 26.533 2,095 64,283 7,420 425 2,193 1,275 962 1,465 8,850 1,028 "Tiio 7,200 10.430 5,569 7,950 5,247 450 202 3,347 100 12,660 1,500 2,440 "TI56 2,810 19.270 9.661 410 13,565 6,516 2,131 3,290 750 10,952 44,615 64,444 69,078 3,328 1,959 1,924 2,385 Federal 20 11,951 330 * 25 Eureka Vacuum Cleaner....* Mogul common Federal Motor Truck com * 8* 5* 1* Federal Screw Works com...* Frankenmuth Brewing com.l Fruehauf Trailer Co com 1 Class B Sale 9y 6> V/ 8* 18* Goebel Brewing Co com ^ 61 1 HoskinsMfg Co common_2.50 Houdallle-Hershey class A..* Class B 16* • 225 985 980 . 100 17,399 2,180 No par value. f oduoi - Gash sales Cash sales Dec. 30 at 3* ; 1* 18 17* 1 5 com 10 Muskegon Piston Rg com 2.50 1* Sale 6* Sale 1* Sale 29 6* 6* 23* 1 1* Dec. 29 2* Dec. 28 2* Dec. 29 4 3* Dec. 28 9* Dec. 29 9* r8 Sale 2* Sale W. J* 8 Dec. 28 2* Dec. 28 1* Dec. 18 7* Dec. 28 4* Dec. 29 12 Dec. 14 Dec. 22 4 28* 2* 1* * 2* Dec. Dec. Dec. Dec. Dec. 29 28 13 16 28 Mar. 23 Dec. 22 99 1* Dec. 3 2* Dec. 10 Dec. 3 1 11 Dec. 3 10* Dec. 10 3* Dec. 7 1* Dec. 8 10* Dec. 11 6* Dec. 9 Dec. 28 4* 36* 3* 1* Dec. Dec. Dec. Dec. 1 3 1 1 "iflDec. 3 Dec. 11 Feb. 3 2* Dec. 29 10 28 Jan. Feb. 16 Oct. Oct. Oct. 2 15 1 x3 Sale * Sale 2 Dec. 28 7* Dec. 28 4* Oct. 19 2 12 Jan. 20 3* 28* 2* 1* Nov. 2 Dec. 29 19 19 Oct. Oct. * Dec. 16 2* Dec. 28 Oct. 15 19 Nov. 24 10 15 Oct. Sept. 24 8 4 Dec. 28 Oct. 19 8 15* Dec. 29 2* Dec. 23 16* Dec. 2* Dec. 3 18 18* Dec. 29 1* Dec. 3 1* Dec. 23 20 Dec. 1 2* 3* Sale ®ie Dec. 19* 1* Sale 1* 3* * * -"16 1* 6* Sale J « * * 6* * Dec. Sale 1 ®i6 Dec. 18 * Dec. 28 7 Dec. 31 * Dec. Dec. 3 1* Dec. 1* Dec. 1 3 1* Dec. 29 1* Dec. 31 4* Sale 9* Sale 4* Dec. 29 9* Dec. 31 6* Dec. 1 10* Dec. 21 4 5 32 18 11 3 Dec. 1 Dec. 4 Dec. 28 Dec. 15 Dec. 7 5* 2* 2* 3* 4* 23* Dec. 20 Dec. 7 Dec. 3 Dec. 18 Dec. 6 Dec. 17 1 14 Jan. 9 21 27* Mar. 10 23 Jan. 18 11* Feb. 18 9 Feb. 15 2* Feb. 18 21* July 24 19* Feb. 1 43 2 Mar. 29* Mar. 15 5* June 2 70 Feb. 11 8 Feb. 18 4* Jan. 22 2* Feb. 18 7 Jan. 25 11 Apr. 13 Feb. 1 22* July 20 41 Feb. 13 27* Feb. 11 22 23 Feb. 2 19 1* Feb. 13 Oct. 19 8* Feb. 9 * Oct. 2 19 1* Jan. 15* Dec. 29 2* Oct. 19 29* Jan. 8 9* Feb. 2 18* Dec. 29 1* June 17 1* Nov. 5 28 Apr. 2 2* Feb. 13 4* Feb Jan. Feb. 19 19 6* Dec. 31 * Dec. 3* 2* 1* 1* Oct. June Dec. Dec. 5 15 14 10 Jan. * Oct. * Oct. 6 1* Sale 63* Feb. 19 35* Feb. * Oct. 2 9 8 1* Dec. 2 1* Dec. 23 2 Dec. 13 Dec. 31 Dec. 15 2A "sli rl xZ 1 * Mar. 9 Mar. 11 15 28 29 29 31 Jan. 23 Jan. 20 Feb. 10 18 6* Sale 20* 12 Sale 32 6 2* Sale 4* 2 2* 3* . 4* Sale 11* Sale L4* 9* 10* 2* Sale 2* 3* Sale 3* 4 4* 23* 26 2* Sale 12 20* 92 3* 22 Sale 24 30 Dec. 28 Dec. 8 17* Dec. 28 9* Dec. 29 2 Dec. 29 4* 1* 2* 3* 3* Dec. Dec. Dec. Dec. Dec. 28 24 23 30 15 22 Dec. 21 2 Dec. 31 3 Dec. 3 17* Dec. 21 95 95 14* Dec. 13 Dec. 11 95 10 Dec. 31 Dec. 11 37* Sale 120 Sale 10* 13* Sale 105* 110 3* Sale 5* 7* 4* Sale 31*::::: 25 10 Sale 109 r3* Sale r5* Sale 3* 4 4 4 34 r25 Sale 9 6* • 5 2* 10 5* Sale Oct. 18 Oct. Oct. 20 26 19 20* Feb. 11 21* Jan. 8 4 9* Dec. 31 105* Dec. 3* Dec. 5* 3* 5* 25 Dec. Dec. Dec. Dec. 4* 1* 4* 2* 4* Dec. 27 1* Dec. 13 5* Dec. 3 2* Dec. 1 Feb. 17 4 Oct. 19 12* Feb. 18 Oct. 19 44* Feb. 3 14 Oct. 19 28 2 9* Dec. 29 2 Dec. 29 3* Oct. 19 1* Dec. 24 2 Oct. 19 2* Oct. 3* Oct. 19 19 13 5* Feb. 27 L03 10 Dec. 11 Mar. 10* Jan. Feb. Mar. 10 10 13 Feb. Jan. 11 Feb. Dec. 14 4* Oct. 19 1* Oct. 19 19 8 37* Jan. 22 28* Feb. 9 12 111* Aug. 24 Oct. 19 Nov. 24 25 4 25 2 3* Dec. 28 5* Dec. 21 5 11 Dec. 31 102* July 2 19 6* Jan. 22 14* Dec. 13 95 Feb. 6* Jan. 4 9* Feb. 18 35 2 Feb. 19* Aug. 18 5* Aug. 13 Dec. 21 Dec. 31 22 15* Mar. 16 29* Mar. 15 10 37* Aug. 10 28 37* Jan. 14* Dec. 8 Dec. 7 23 106 4 Dec. 4 29 7 Dec. 16 27 28 4* Dec. 1 21 5* Dec. 21 14 25* Dec. 14 22 6 19 2 15* 2* 5 8* 19 2 Sale * 14* * 19 Oct. Oct. 3 1 Dec. Dec. iaieDec. 31 9* Dec. 28 8 2* Oct. 19 12 18 19* 3* Dec. 28 7* Oct. 19 7* Dec. * Dec. 11 23 16* 20 31 6* Dec. 29 * Dec. 8 2* Dec. 29 35* 21 19 18 18* Dec. 20 2 13* Dec. 6 17* Dec. 24 6 3* Mar. 22 * Jan. 4 90 Dec. 1 145* Jan. 7 1 * Oct. 19 3* May 24 33* Oct. 14 25* Apr. 1* Dec. 31 he May 20 9 11* Dec. 17 16* Dec. 7 8 3* 1* Sale 1* Sale .....* w r 18* Dec. 20 3* Dec. 27 ... 17 1 100 Deferred umi vmrjr sale*, delivery naiuo• 18* Dec. 20 90 11 4 Tlvoll Brewing Co common.1 Union Investment Co com..* United Shirt Distributors..* l/viqi i cu 8 15* Dec. 23 Sale 24* * Prudential Investing Corp.) Reo Motor com............5 com Dec. 1* Dec. 16* Sale 30 Pfeiffer Brewing Co com Universal Cooler class A 1* Dec. 31 Dec. 28 lH Jl* 10 common 7 15 4* Sale 35* Sale 3* Sale 1* Sale "11 * ..... 25 Sale Moore (Tom) Distillery Co..l Motor Products Corp com...* Wheel Dec. 93* 1* Sale 2* Sale 2* 2* 12* 17 18 3 Mlcromatic Hone Corp 1 Mid-West Abrasive com...50c Murray Corp 1* Dec. 14 4 15* Dec. 22 20 Mar. 12 Dec. 29 132* Mar. 3 22 Jan. 5 Dec. 2 3* Feb. 10 1* Oct. 19 3* Dec. 14 11* Mar. 4 13 Nov. 19 25* Feb. 15 6* Dec. 21 47 14 23 1* Sale 6* Sale 35* 14 Michigan Sugar com.......* Motor 8 27 McCIanahan OH Co com....l 68,841 Class B 1,087 Universal Product a lj 10 J 1 300 United Specialties com 1 9,051 U S Graphite Co.........10 201 U S Radiator com.... ...1 100 6% preferred...........50 350 — McClanahan Refineries..... 1 Mich Steel Tube Prod 2.50 500 5% cum part pref 182 Sutherland Paper Co 195,713 11,821 23,906 3 McAleer Mfg Co com......__* Preferred Dec. 13 ::::: "42" Hurd Lock & Mfg Co com_.l Mahon (R C) class A pre! Masco Screw Products 5 11 9* .... 6 ..* Kingston Products Corp 1 Klnael Drug Co com.... 1 Kresge (S 8) Co com IS Lakey Fdy & Mach common.1 63 2 ._.* Hudson Motor Car "5" 6* Sale 3. 3* Graham-Paige Motor com..l Grand Valley Brew common 15,914 8,780 18 3* 9* 14 20 * General Finance Corp com.l General Motors com ..16 Dec. 15 22 10 Tlmken Axle com.........16 601 Preferred ..100 "2",858 Sale 3 15* Rickel (HW)kCo common. 2 64,247 River Raisin Paper com...r* II,486 Scotten Dillon com.. 16 197,547 Standard Tube Co class B...1 4.730 Stearns (Frederick) com * 755 » 8 142,812 Packard Motor Co com. „_».* 81,026 Parke Davis 8c Co * 9,544 Parker Rust Proof com.. 2.50 38,522 Parker Wolverine Co com * 144,727 Peninsular Metal Products. 1 325 Sale 1* 151 2* Sale o Ex-Cello Corporation.......3 4 com Hoover Steel Ball com.....16 234,081 17,339 4,727 60,659 3,381 21,420 61,494 112,803 7,955 10,200 93,675 15,136 225 91 35 Manufac'g Co Gar Wood Industries com...3 Gemmer Mfg Co class A.....* 4,773 169,260 9,983 1* Sale Sale Sale 33* 11* 17* Baton 1* Dec. 14 3* Dec. 14 15* Dec. 22 6* Dec. 21 61 15 150* 8 Hall Lamp com........_...* 380 Home Dairy class A... "T.077 • 2g Sal* 19 34.534 9,655 558 12.407 84,519 278,492 100.880 107.881 41,494 26,251 2,790 14.429 7,451 9,563 3,590 1,290 iy 3* Dec. 29 Dec. 2 8 18* 100,505 I,495 7,711 74,484 163.184 141,214 162.185 40,369 22,201 350 1 6* Dec. 21 Cunningham Drug Sts_.2.50 458 Deisel Wemmer Gilb com..10 2,070 10 56 * 23* 112* ill* Oct. 13 19 18 5 7* Oct. 20 38* Feb. 13 15* Mar. 10 29* Mar. 1 9* Feb. 1 8* Mar. 25 35* Feb. 17 Sold lur tMU for cash. ouiu * Detroit & Cleveland Navigation Co., Dec. 30 at 1; General Finance in which no account is taken in computing the range, are: Detroit & Cleveland Nav„ Corp.. <v 1* wirier TIaa 51 31/ Goebel Brewing Co., Dec. 31 at 2*; Mid-west Abrasive, Dec. 51 at. 1; Tivoli Brewing P.n 31 at Tivoli Go., Dec. 31 at. 3*. at , , Jan., 1938] AGORBGATB STOCK DETKOIT STOCK EXCHANGE 12 Months 1937 Shares stocks 6,685 1,235 1,650 1,085 Walker & Co class A-.-.—* Class B Corp Wayne Screw Prod com. 10,632 . Wolverine Tube Co Preferred 210 _ 1 2 com 2 6 82*| 100 - 445 Young (L A) Spring 8c Wire. * 43 *6 2% , Ms % *6 13 Sale 1 com 2*6 % Sale Sale __4 com Wolverine Brewing Co Lowest Highest Sale Prices Sale Prices *6 2*4 Vs 2*4 *6 4*4 Dec. Dec, Dec. Dec. Dec. 29 15 29 16 29 2*4 Dec. 28 % Dec. 30 3 Dec. 10 *4 Dec. 8 5*4 Dec. 3 82*4::::: 25*6 44*6 Highest Sale Prices 20 2*6 1 *6 Lowest Ask 17 25 * Warner Aircraft 1937 Sale Prices Dec. 31 Dec. 1 1937 Bid 3,085 21,086 83,446 YEAR Price Jan. 2 Shares """300 RANGE FOR PRICES IN DECEMBER DETROIT BALES In December 61 EXCHANGE 12 25*6 Nov. 19 19 2 Oct. 29 19 754 19 154 19 754 2 % 4*4 Dec. 29 18 99 July 7 100 2154 Nov. 27 44 54 Oct. 2*4 Oct. *£ July Mar. 20 Jan 2 Jan. 19 Feb. 8 Feb. 24 Feb. 10 May 6 20 Feb. Unlisted Dept.— 4,275 2,326 37.093 12,077 3,860 25,876 7,490 8,787 34,625 8,134 1,621 ""50 2,755 2,331 1,536 Oct. Feb. Amer Tel 8c Tel Co..-...-100 Nov. Jan. 7 25 Nov. Jan. 16 Oct. 13*4 Dec. 23 * American Radiator 9,762 2,498 400 Borden Co Borg Warner Corp com—..5 Corp * 3 Sale .....* 16 Consolidated Oil Co 3 31*4 Dec. Dec. Dec. 28 154 Dec. Dec. Aug. 21 154 Dec. 29 254 Dec. Oct. 3 Oct. 31 1 General Poods Corp........* Hupp Motor Car Corp .1 Dec. * Kroger Groc 8c Bak Co.....* 17 11 *6 5 10 Sale Sale 8*4 Dec. 30 1154 Dec. 2 Prod Corp. National Dairy N Y Central RR 100 17 40*6 Sale Dec. 29 2054 Dec. 8 14 i Dec. 16*4 Dec. 8 Dec. 1 789 Purity Bakeries Corp.......* ""640 1 No 14*4 Sale 17,753 Socony-Vacuum Corp 25 15,624 Standard Brands Inc..— 1,555 par value, 10 18 28 9 17 Feb. 25 Mar. Jan. Jan. Feb. Mar. 36*4 Nov. Kennecott Copper Corp Nash-Kelvinator Corp Sale 9 71 4 Aug. 17 Jan. 18 Mar. 11 Feb. 4 Sale Commonw 8c Southern 23,879 Dec. 21 J4 15 Dec. 29 9 Oct. 4*4 Oct. 16*4 Sept. 16*4 Nov. 954 Oct. Aug. 14 13*4 Oct. 2 Jan. 754 Dec. x Ex-dividend. Philadelphia Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON PHILADELPHIA STOCK EXCHANGE 1937 Stock Sales December.. Shares Jan. 1 to Dec. 31 AQ9BEQATE .Win SALES . In December ■ ■ 5,363,832 RANGE FOR PRICES IN DECEMBER BONDS Elec 8c Peoples tr ctfs 4s. 1945 Small Bonds— 1,000 4,000 Pa 3*4 ■ wl 1952 128,000 Peoples Pass tr ctfs 4s...1943 500 Phlla Elec (Pa) 1st s f 4a. 1946 1st 5s ..1966 3,600 3*4s 1967 9,000 Phlla Elec Pow CoSHi 1972 2,000 Ask 11*6 13 Ask Bid Bid 6*6 7*6 Ask Jhares stocks Shares 4,463 2,382 42.208 40,871 5,304 Highest Lowest Highest Sale Prices Sale Prices Sale Prices 7 Sale Baldwin 646 8.368 5,263 19,578 34,993 9 -100 Locomotive— 22 "1*276 6,694 180 2,296 2,045 19,628 Bankers Securities Barber .70 2.065 829 543 1,885 1.066 16,165 7,946 44 250 452 2,979 60 1,276 1,293 "3,923 20 10.897 113 6 Dec. 3 15 Dec. 8 8*6 Dec. 9 103 680 3.917 3,728 239 33,169 1,017 ""135 144 •No par. — . 36*6 Sale 8ale ........... 9*6 Dec. 8 2,273 53,475 32,972 88,953 75,816 8,338 445,295 10,068 * v t c Pennsylvania RR.........50 9*6 Sale 148*6 Sale Penna Salt Manufactur'g-50 10 114*6 Sale 44 Sale 62*6 Sale 135*6 139 39 112 10*6 a18,H Sale Sale 11*6 11*6 4*6 Sale 40*6 Sale 18 30 16*6 116 16*6 Sale 15 .» Phlla Elec Pow pref 25 * 35 Sale 5*6 Sale 4*6 Sale 3*6 Sale 50 50 Transit 7% preferred Coal 8c Iron* 50 Sale 27*6 1 Salt Dome Oil Corp Dec. 29 4*6 Dec. Sale 46*6 Dec. 29 24*6 25j Sale 30J Sale 4*6 Dec. 28 24*6 Dec. 29 29*4 Dec. 30 35 k 25*6 Sale 3 4 98*6 100*6 38 \h Sail1 8*6 9 2 h *i Sale 22*4 Sal© i 90 Sale 32*6 *| Preferred-....—.—..—* com......-* Preferred RR 50 .* -• Mar. Mar. 0 la la 31 lfi 100 Dec. 2 18 4] 7i Dec. 4 1W V. Dec. Dec. 11 6*6 Dec. 8*6 Dec. 6 Dec. 2*6 Dec. 23M Dec. 23 1*6 Sale 2 30 34*6 20*6 44*6 70*6 Mar. 3 Feb. 11 Jan. 18 Feb. 11 26 29 8 39 Mar. 4 Feb. 18 18 19 Nov. 29 2 Dec. 3*6 Dec. 29 4*6 Oct. 19 18 1< 2 Dec. 29 100 Dec. Dec. Oct. Oct. Dec. Jan. , 1 56 Oct. 4 Oct. 19 Oct. 19 1 Dec. 29 8 Oct. 27 3*6 Dec. 31 20*6 Dec. 1 Oct. 9 Oct. 19 19 Mar. 2 Oct. 18 41*6 Feb. 12 13*6 24*6 4*6 5*6 14*6 5*6 50*6 "32 78*6 16 Jan. 21 Jan. 16 Mar. 17 Apr. 8 Feb. 13 Jan. 16 Apr. 5 Mar. 17 Mar. 11 June 9 140 *6 "Dec" 115*6 116 Sale 113*6 Dec. Dec. 31*6 29*6 30*6 30 19*6 Dec. 18*? 21 1*6 Dec. 1*6 Sale 3*6 Dec. 3% 3*6 115k Dec. 2 31*6 Dec. 21 Dec. 2*6 Dec. 4*6 Dec. 2 Dec. 8 Oct. 9 4 Oct. Feb. 13 2 Oct. 19 19 Jan. Oct. 115*1 31*6 18 Feb. Oct. 19 Feb. 29 3 5 2*6 3*6 Sale V 6 11 Sale Sale 2*6 Sale ll*i Sale 39 5*6 Dec. 6 Dec. 8 8 9 Feb. 26 Feb. 2 Apr. 14 Apr. 13 2V Dec. 31 2*6 Dec. 31 Feb. 9*6 Dec. 14 36*6 Dec. 28 18 Jan. 39*6 Dec. 11 Jan. Dec. 13 18 2 14 Mar. 15 1 * 43 19 Jan. Bridge United Corp common... 45 May 3 127*6 Mar. 14*6 Jan. 2*6 Oct. 19 88*6 Mar. 45*6 Nov. 29 13 Feb. 2*6 Oct. 19 Dec. 20 8 Dec. 3*6 3*6 5*4 Sale 37 Tonopah-Belmont Deval Tonopab Mining ...... 1 Union Traction...........50 . Mar. 17 101 100 7*6 Sale 2*1 Sale 21*6 Sale 26*6 Feb. 17 8 Nov. 23 187*6 Jan. 11 Jan. 30 Sept. 10 139*6 D"ec". 2*4 Dec. Sale 20 k 46*6 3*6 21*6 29*6 21*6 5k Dec. 27*6 Dec. 36*6 Dec. — a 5 Feb. 25 102 24 101 102 101*6 Sale 2256 24*6 22% 23*6 6*6 12*6 Sale 2 2*6 11*6 13 * • Ex-dividend. Oct. Oct. 60*6 Dec. -* Scott Paper..... United Gas Impt Jan. Jan. 140 13*6 Dec. 29 18*6 Dec. Dec. 115*6 Dec. 31 117 4 Dec. 29 5*6 Dec. 47*6 31 5 Reo Motor Car Co... Tacony-Palmyra Mar. 13 4 7 4 Mar. 17 Oct. 19 57*6 Sale 4*6 6 Phila Insulated Wire Rights..... 4 Mar. 25 21 5 5 19 14*6 Sale 116 4 2*6 116"" 117"" Phlla Elec of Pa $5 pref Phila 8l Reading Feb. 8 Jan. 8 160" 165" 136"* 156" 128"" 145" 2*6 Penn Traffic com.... Phlla Rapid Dec. 15 16*4 Mar. 29 7*6 Dec. 29 8 9*6 Dec. 8*6 7*6 Dec. 29 144*6 Sale 143*6 Dec. 30 150*6 Dec. Rights 24 West Jersey 8c Seashore 4.369 Westmoreland, lnc— 4,157 Westmoreland Coal x 15 * Nat'l Power 8c Light........* 25,662 Philadelphia Traction 8,201 121,671 4,461 18,674 20 .100 Budd Wheel Co.... Pennroad Corp Sale 9*6 Sale 3,015 Horn 8c Hardart (N Y) com—* Preferred..—.........100 43,920 30,478 Lehigh Coal 8c Navigation..* 14,214 Lehigh Yalley 50 25 7,234 Mitten Bank Sec Corp Preferred.............—25 54,160 25,460 354,986 124,616 628,495 1,914 15,892 8,700 37.627 1,967 17,812 14,804 3,765 15 5*4 Oct. 26 13 k Feb. 4 108*4 Mar. 29 109*4 Jan. 103*1 Oct. 110*4 Jan 10 10 846 Horn 8c Hardart (Phlla) com.* t 26 25 185 *6 G) Mfg Co Preferred 15 . 110*6 111*6 pret. ...50 Co............. Budd (E 11 .3. 110 Bell Tell Co of Pa pref-. ..100 893 Sun Oil Co 300 24*6 9*6 41,155 Chrysler Corp.............5 7,416 Curtis Pub Co common.....* 37,973 Electric Storage Battery....* ........10 107,540 General Motors ' 21 '".50 795 Gimbel Bros common..... 75 125 • Par Stores. American American Tel 8c Tel 6 Bankera Securities com. 1,041 1,490 1937 Lowest — "3",600 YEAR Sale Prices Dec. 31 Dec. 1 1937 Bid 670.000 $70,700 1,572,925 898,100 Jan. 1 to Dec. 31 1936 t $126,500 — — Price $ 126,500 - Jan. 2 12 Months 1937 % December 338,203 PHILADELPHIA STOCK EXCHANGE 1937 Bond Sales 1936 296,694 4,862,114 1(Z 33*6 28 29*6 Sale Sale 4*6 Sale 6*6 Sale 43*6 44*6 15*6 Sale 111*6 Sale 66 69 12*6 956 15 10*6 Includes 647.269 rights. 3 4* m 58 8*6 8*6 Sale* Dec. 4 Dec. 20 Dec. 30 Dec. 27 30 % Dec. Sale Sale Dec. 34*6 2 10* Mar. Feb. Jan. Dec. 29 Jan. 9*6 Dec. 8 Feb. Jan. Jan. Jan. Jan. 61 Dec. 29 Dec. 11 10 6 Aug. 20 May 12 7 Dec. 1 Dec. 6 Dec. 1 Dec. Dec. 31 3*6 4*6 34*6 11*6 1 106*6 Dec. 29 Dec. 29 Dec. 28 Sale 7 Dec. Ke Dec. 20 1 11 14 14 16 14 4 4 10 A f San Francisco Stock Exch. MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE SAN FRANCISCO STOCK EXCHANGE Stock Sales December 1937 - .....Shares- Jan. 1 to Dec. 31— AGGREGATE _ In December SALES Jan. 1 to Dec. 31— PRICES IN DECEMBER SAN FRANCISCO STOCK EXCHANGE 12 Months 1937 . December- 1937 1936 $1,000 121,000 Bond Sales 1936 635,385 8,943,720 500,044 6,921,668 $32,000 593,000 RANGE FOR YEAR 1937 Price Jan. BONDS 2 Dec. 1 1937 $ Ask Bid 36,000 Atlas Diesel Eng Co 6s...1945 105# 109 2,000 Calif Packing Corp 5%„.1940 103 105# 12,000 Calif Water Serv 4%,....1961 105 78 102 Bid Dec. 31 Ask Bid 93 105 ..... Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices June 3 110# Feb. 18 4 7 104# Jan. Jan. 21 101# Mar. 18 105 101 90 101# 105# 99 99 # Ask 103# Apr. 102 Langendorf Un Bak Inc— 1,000 6 #% 6,000 104 1941 102 11,000 Market Street Ry Co 7s.. 1940 102# 103 2,500 Pacific Gas & El Co 6s...1941 117 121 133 4,000 S J Lt & Pt Corp 6% 1952 128 500 tUnion Oil Co Cal 6%.-.1942 Mares. 800 STOCKS Shares. "5",291 2,949 4,393 70 3.422 4,222 1.544 250 498 "*"941 1,500 505 6,643 140 " l",239 730 685 763 526 30 200 1*323 379 Alaska Packers Assn cap-.100 41,221 Anglo-Calif Nat'l Bank 30 51,550 Assoc Ins Fund Inc com caplO 57,141 Atlas Imp Diesel Eng Co 5 2,587 Bank of Calif Nat Assn caplOO 67,433 Bishop Oil Co ...........5 67,357 Byron Jackson com cap....* 20,939 Claude Neon Elec Prod.....* 11,643 1,134 1,490 29,452 Clorox Chemical A. .....* Coast Cos Gas&El 6%lstpfl00 Consol Aircraft Corp com 1 Consol Chemical 10 *""930 "4", 149 1,674 71 510 9,903 1,846 453 4,948 10,004 16,720 EI Dorado (Ml Works cap...* 60,293 Emporium Capwell cap.... Preferred 50 19,288 26,959 Emsco Derrick St Eq Co cap. 5 882 Ewa Plantation ...20 2,031 Fireman's Fund Indem cap 10 10,995 Fireman's Fund Insur cap 35 115 First Nat Corp of Portl cl A, 39,377 Food Machinery Corp com. 10 33,042 Foster & Kleiser com......10 Class A preferred ...25 3,763 3,395 Galland Mercantile Laundry common (capital) ........* 64,491 General Motors...........10 50,923 General Paint Corp com....* Preferred............... 12,891 54,259 Gladding McBean Co com..* 146,098 Golden State Ltd cap......* \ 1,138 2,783 9,310 75,546 100 98# 103# 101# Dec. 21 101# Dec. 21 101# Oct. 18 102# Sept. 100 99# Aug. 3 102# Mar. ..... 120 114# Mar. 19 118 125# Nov. 5 132 115 May 26 115 113# 117 115# 120 116 2 4 19 11 May 26 Jan. Feb. 11# 123 16 § 8 185 12# 150 Sale 9 188 5# Sale 11 123 14 2# 5# 185 5 11# 150 Sale 3# 6# 195 6 Dec. 28 12 Dec. 16 13# Dec. 30 3# J-»ec. 2# Dec. 29 5# Dec. 28 16 Dec. 13# Dec. 4# Dec. 16 15# Dec. 28 3# Dec. 8# Dec. Dec. 5# Dec. 19# Dec. 181 Dec. 4# Oct. 13 Oct. Feb. 25 Feb. 6 Feb. 17 Mar. 4 Feb. 8 214 July 14 10 Feb. 8 34# Mar. 12 22 18# Dec. 32# Mar. 15 11 181 Dec. 18 A* 42 J2^ 46 102# Sale 22# 23# Sale 15# 23 Sale Sale 19# Sale 18# Dec. 20 20 Dec. Dec. 4# Dec. 92*| 12% "15# 35 23 Sale 24 50 84 OP 90 47# Sale 100# 101# 56# 57 'j* in 8# # •34# 19 11# # 42# Sale 49# 50 91# 46 48# 99# Sale 47 48# Dec. Oct. 4 21# Dec. 4 21 July 2 8 181 20# 16 9# Oct. 130 Oct. 20 3 23# Mar. 11 12# Mar. 13 Jan. 13 Nov. Oct. 92# Aug. 10# Dec. 28 # Dec. 27 1 Dec. 18# Dec. 29 13# # 35# 23# Dec. 10 2 Dec. Dec. 27 3 Dec. 49# Dec. 28 51 Dec. 35 7 85 43# Dec. 29 52# Dec. 22 9 97# Dec. 14 101# Dec. 46# Dec. 29 56# Dec. 10 7 Dec. 6# 8# 7# Sale 27 30 40 32 27 Dec. 103 101# Sale 102 101# Dec. Dec. 11# 12# 17# 18# 14 29 9 8 Dec. 28 29# Dec. 17 21 102 Dec. 20 8 10 15# Dec. .05 10# Dec, # Oct. Dec. 46# Mar. 31 1# Jan. 15 53# Feb. 25 35 18 49 94 40 Dec. 48# Feb. 2 53 Aug. 20 Nov. Nov. .06# Apr. 20 Nov, 99# Feb. .04# Aug. 97# Dec. 46# Dec. 25 3 4 Mar. 19 23 12# Feb. 20 56 Mar. 5 Oct. 20 106# Mar. 27 Dec. 10 32# Mar. 8 6# Oct. 27 100 14 Dec. 28 Industries Inc class A partlc pref Creameries of Amer (new) Preferred (new)......... 26,788 50,119 Di Giorgio Fruit Corp com. 10 Preferred.. ......100 8,793 9,173 Doernbecker Mfg Co....... 6,873 5,480 1,470 15 ......... 3,280 1,584 1,225 3.860 265 14# 133 18,836 Calamba Sugar Estate com 30 29# 30# Preferred. ..........30 5,317 21# 22# 10,104 Calaveras Cement Co com...* 810 7% preferred ........100 103# 105 72,752 Calif Cotton Mills cap...100 30 37# 17,250 Calif-Engels Mining C0.....I 41 51 6,342 California Ink Co Inc A....* 45 67,437 California Packing cap.....* 45# Preferred 50 4,315 1,075 California Water Serv preflOO l03" 103# 15,964 Caterpillar Tractor cap....* 86# 88# Preferred stock 100 1,887 8,370 Chrysler Corp common 5 112# 114# ..22,150 5 123 —... paf 12,834 Alaska Juneau Gold M cap.10 * 1 29,307 230 Crocker First Nat Bk SF caplOO 273,901 CrownZellerb Corp com (new) 816 119 100# 113# 117 15,665 Hale Bros Stores, Inc, cap..* 8,894 Hancock Oil...............* 24,256 Hawaiian Pineapple Co (new) Rights to purchase w i 140,227 34# 36 293"" 325"" 28 5 320 29 Sale 375 11# Sale 70# Sale 11 46 12 50 4# Sale 28# 27 5 Sale 21# 22# 23# Sale 12 28 # " '!!*< "IP* 58 62 37# Sale Sale 9# 28 4# 308 9 63# 3# 23 4# 16 11 28 8# 27# Dec. 16 30 5 4# 4# Dec. 15 375 310 Dec. 28,310 Sale 9 Dec. 28 12# Sale 57# Dec. 28 70# 4 4# 3# Dec. 27 Sale 22# Dec. 29 28# 5 Sale 3# Dec. 28 30 Sale 28# 9# 50 Sale 40 40 93# Sale 44 34 Dec. Dec. 8 1 68# Sale 16# 10# 26# 8# Dec. Dec. Dec. Dec. 28 23 28 29 13 30 44 Dec. 31 44 66# Dec."28 75"" Dec." "6 16# Dec. 28 Dec. Dec. 2 8 10# Dec. 3 Dec. 31 30 "49# 29# Sale Sale 2 18 36# Sale 61# Sale 13 28 35 36 22 .... 18# Sale 7# Sale Sale 16 7# 29# Sale 8 32 9# Sale 3# Sale 20 21* 12 21 22 21# 22# 23# Sale 70c Sale Sale 17# 21 30 22 Sale 4% 7 7 3* 11 25 12# Sale 28 Dec. 29 1# Dec. 16 17# Dec. 16 18# Dec. 30 28# Dec. 29 7# Dec. 29 24 7 Dec. 9 Dec. 27 3# Dec. 28 10# Dec. 28 22# Dec. 9 22# Sale 22 Dec. 29 50c 30c Dec. 29 Sale 3 Dec. 28 310 3 8# Dec. Dec. 30 57# 2 2# Dec. 3 22# Dec, 1 Dec. 3# 40 Sale 27# Dec. 16 16# 9# 26# 6# 44 Oct. 19 46 Apr. 6# May Dec, 28 327 Oct. 19 25 Nov. 3 3 5 Apr. 13 Dec. 28 108# Apr. 16 Oct. 19 Oct. 19 Dec. 28 Dec. Oct. Dec. Oct. Dec. 28 19 28 19 17# Mar, 12 59 9 Mar. 12 Sept. 4 27 Jan. 20 24# Mar. 12 47# Mar. 3 19# Mar. 11 60# Jan. 7 31 Nov. 5 42 Oct. 42# Oct. 19 57# Mar. 31 35 66# Dec. 28 40 June 29 Feb. 16 96# Jan. 13 32# Dec. 8 2# Dec. 4 17# Dec. 11 27 1# Dec. 16 16# Oct. 19 7 22 Mar. Mar. 26 18# Dec. 30 28# Dec. 29 40 Mar. 4 Feb. 11 Jan. 29 Mar. 1 Feb. 28 Apr. 14 Dec. 10 36# Dec. 9 25 10 3 Dec. 8 Dec. 27 Dec. 3 4# Dec. 6 7 24 7 19 Oct. 19 Dec. 9 Dec. 27 2# Oct. 70] 18] 41; 19 1 2 Oct. 19 22 27# Dec. 24 19# Oct. 19 26# Dec. 1.20 Dec. 22 27# Dec. 24 36# Sept. 3 12# Dec. 14 8 7 9 30e Dec. 29 Dec. 29 Feb. 13 1.40Nov. 1 44# Mar. 2 Home Fire St Marine Insnr 5,424 1,660 1,835 """655 675 1,648 8,313 35 10,078 30 18,458 1,015 Co of Calif capital.....10 5,021 19,626 HonolulnOllCrpLtd cap new* 1,230 Honolulu Plantation cap...* 900 Hudson Motors Car Co...,.* 22,207 Hunt Bros. Packing com...* Preferred 10 15,725 2,735 Hutchinson Sug Plant cap. 15 27,221 Langendorf United Bak cl A * Class B.. .......* 7,988 17,109 Leslie Salt Co capital .....* 100,660 Le Tourneau Inc common.10 15,495 Lihby McNeill St Libby * 137,760 Lock Heed Aircr Corp com..l 5,045 Lyons-Magnus Inc A.......* B. * 5,644 123,842 Magnavox Co Ltd (capltal)2# 12,778 Magnln St Co (I) common...* 10 385 7,888 132,352 1.830 180 10 50 * No par value, Preferred...... ... Marchant Cal Mach Co 100 com 10 Market St Ry Co prior pf.100 Preferred ...100 Second preferred.... 100 41 35 44 Sale 17# "18# §8 20 35 38 33 17# 20 25 7 30 8 16 21 6 1] 2 22 in 'in 15 12# 2 39# 41 35# 34 36 16 10 8 9# 10 Sale 6# 8# 1# 22# 108 23# 36 17 4# 2# 2§# 109 24 39# t Removed from listing May 28, 1937. 19 13 IP 2P 2 k 10 Sale 36 Sale 9 6h 1 12 94 m 34# 15 7 16# Sale 10# 10 1# 5" # 1# 17 102 3# 3# 19# 12 2# 7# Sale 20 7 2# 3# 35 35 Sale 8 Sale 10# Sale 12 102 13# Sale ?K 1 Dec. 29 20 Dec. 30 P 16 27 8 1 Dec. 29 2# Dec. 29 1# Dec. 4 3# Dec. 18 10# Dec. 27 1# Dec. 23 12# Dec. 3 2 Dec. 34 15 36 Dec. 1 8 20# Dec. 8 H Oct. 19 2 Oct. 14 10 Oct. Oct. 19 19 18 1# Nov. 23 31 Aug. 16 32# Mar. 27 23 Feb. 4# Feb. 8 Feb. 25 Mar. 16# Jan. 4# Jan. 42 Feb. 45# Feb. 14# Apr. 2 3 11 10 25 27 4 19 7#"Dec".""I I6#"Dec".~24 21 # Dec. 16 10# Dec. 30 96# Dec. 10 12# Dec. 28 7# Dec. 29 3# t Removed from listing Feb. 4,1937. 1# Dec. 12 6 Dec. 13 96# Dec. 10 16# Dec. 10 1 Dec. 22 34 Dec. Oct. Jan. Oct. 4# Oct. 29 14 10 5 19 5 19 19 7# Jan. # Oct. Dec. 29 Dec. 27 5# # 90 # 16 Oct. 19 Oct. 19 Oct. 5 Nov. 6 19 2# Jan. 21 Dec. Dec. Dec. Oct. Dec. 13 16# Feb. 20 16 5 30 23# 10 8 19 28 29 38# June 29 9 Mar. 30 6 Jan. 28 Mar. 11 Jan. 7 Feb. 17 Jan. 20 June 29 Mar 30 SALES AGGREGATE In December 12 Months 1937 North Amer Inv 2,536 10 780 764 40 120 270 937 5,411 70 665 6.961 550 4,836 3,391 790 65 4,135 80 100 660 ,, 3,401 70 550 3,630, 18,532 200 565 10 100 50 480 ' 12.748 15 7,467 7,552 300 613 210 9,535 4,497 543 150 14,437 1,040 1,430 1,685 124 30,955 6,511 3,325 400 6,344 2,302 1,336 345 570 3,546 8% Dec. 7 X Dec. 9)4 Dec. BH% preferred 38 Dec. 24 5)4 Dec. 27 11)4 Dec. 14 10 Dec. 16 16 38 26 1 6 9 Dec. 6 Dec. 28 Dec. 8 Dec. 30 5 6)4 Oct. 19 9 Mar. 5 16)4 Mar. 12 Dec. Dec. 30 96 20)4 Oct. 9)4 Oct. 12 Oct. 4)4 Oct. 9)4 Oct. 10 Nov. 4)4 Dec. 5 Dec. Dec. 9 Dec. 10 Dec. 1 Dec. 10 16 Dec. 27 Dec. 8 15 Dec. Jan. 7 17)4 Apr. 9 32 28 » 27)4 Oct. 25)4 Oct. Dec. 3 35 1 Dec. 17 98 Dec. 1 2 Dec. 2 Dec. 30 Dec. 2 108 Dec. ; 152)4 Jan Dec. 13 Dec. 28 133 Nov. 150 Dec. 34)4 Dec. 29 92)4 Dec. 22 39 )4 Dec. 15 21 9 9 26 33 Dec. 6 13)4 5)4 1)4 16)4 6 Dec. Dec. 10 Dec. 29 Dec, 17 15 85 Dec. 29 85 Dec. 24 11H Dec. 28 Dec. 5 1 1)4 Dec. 29 15)4 Dec. 30 Roos Bros Inc common.....1 6% prior pref ser A 100 Schlesinger (B F) com (new). Preferred (new) 25 Shell Union OI1 Corp com..* &H% cum conv pref .100 Signal OH Ac Gas Co class A.* Soundvlew Pulp Co new 5 100 Sou Cat Gas pfd 6% cum A.25 Sou Pacific Co com (cap'l).lOO 7,050 65.465 35,723 Sou Pac Golden Gate cl A. Class B * 12,014 7.134 Spring ValleyCo Ltd capital * 149.753 Stand Oil Co of Calif capital * 37,698 Super Mold Corp of Cal cap. 10 6,535 Thomas Allec Corp class A. 58,341 Tide Water Assoc OH Co com * 469 4)4% preferred new 100 255,068 Transamerica Corp capital..* 156,305 Union OH Co of Calif cap..25 78,782 Union Sugar Co common..25 6.308 United Air Lines Trans v t c.5 10 130,699 Universal Cons Oil.... 21.466 Victor E ulpment Co com_.l Conv cum pref 5 8,218 5,639 Walaiua Agricultural Co..20 1,450 WeUsFargoBk At UnTr cap 100 Western Pipe Ac Steel of Calif common 10 43,884 Dec. 29 85 18)4 Dec. 28 Dec. 109 18)4 Dec. 28 lixS Dec. 1 8 1 Dec. Dec. 8 3 Dec. 4 17)4 Dec. 18)4 Dec. 29 15)4 Dec. 29 23 Dec. 3 23 Dec. 3 Oct. Nov. Oct. Dec. Dec. 80 28)4 Dec. 11 Dec. 10 Dec. Nov. 23)4 )4 )4 6)4 8 Dec. Dec. 17 Dec. 14 Dec. 21 Nov. Oct. Dec. Dec. 29 31 Dec. 17)4 )4 )4 6)4 27)4 14 13)4 Dec. 23 1)4 Dec. 13 3 15)4 Dec. 11 Oct. 29 29 75 Dec. 29 3 11)4 Dec. 7 20)4 Dec. 74 Dec. 8 17 8)4 Dec. 9)4 Dec. Dec. 14 100 9 28)4 Dec. 18H Dec. 30 9 )4 Dec. Dec. 14 28 10)4 18)4 21)4 6)4 6)4 3)4 9 35 265 Dec. Dec. Dec. Dec. Dec. Dec. 14 29 28 28 29 24 5 28 Dec. 28 10)4 Dec. 28 41)4 4 275 Dec. 3 27 Mar. 1 12 Jan. Feb. 6,670 110 830 273 * (Consolidated) cl A ser 1.5# Class A Series II ....50 4,880 Yosemlte No par value. Portl Cem Co pf-.lO X Removed from list Feb. 4. / 13 17 49)4 Feb. 19 21)4 June 21 Dec. 5 )4 Dec. 13)4 Nov. Feb. 24 21)4 Feb. 24 98 June 10 Dec. 2 4 4 Sept. 6)4 Dec. 4)4 Oct. Dec. 7 3 Oct. Aug. Feb. Oct. Jan. 19 July 9)4 July Dec. 1 9 Dec. 18)4 Aug. 19 26 2 Jan. 18 6 16)4 28)4 28)4 23)4 9)4 Oct. 17)4 Oct. 11 13 Dec 8 35 Dec. 75 Dec. 2 265 Dec. 350 Feb. 1 8 28 23 Dec. 11 16 Oct. 19 40)4 Mar. Dec. 28 33 Dec. 28 64 Jan. 21 Dec. 10 Dec. 28 28 Dec. 28 3)4 Dec. 10 Dec. 28 59 Jan. 14 7 3)4 Dec. 10 3 4)4 July 6 16 H Dec. Yellow Checker Cab Co— 360 2 Jan. 28 42)4 Jan. 27 L22 Sept. 1 .06)4 Mar. 31 7)4 Apr. 16 12)4 Apr. 16 33)4 Feb. 25 L05)4 June 8 48)4 Mar. 12 69)4 July 14 L05 July 16 30)4 Aug. 18 65)4 Mar. 11 2)4 Aug. 16 Dec. 21 80 15 9 9 17 19 25 7 25 [10 July )4 Dec. : 15)4 96)4 18)4 15)4 15 Jan. 33 Oct. Dec. : 18)4 Dec. : 2 17)4 Dec. 9 Jan. Dec. Dec. Feb. 50 Apr. 19)4 June 10)4 May 3)4 May Nov. 109 2 18)| Oct. 1 7 4 Feb. 16 Feb. 23 Jan. 89)4 27)4 31H 13)4 9)4 Oct. 4 5 18 5)4 Jan. Dec. Dec. Dec. : Dec. Dec. : 30 13 Jan. 54)4 Feb. 2)4 Oct. 106 % Dec. 87 L09 Dec. 27)4 Dec. 31)4 Dec. 4)4 Dec. Dec. 27 Jan. 8)4 Jan. 34)4 Dec. 92)4 D^c. 39)4 Dec. 29 Dec. 24 30 1 1)4 Dec. 21 6 5)4 Dec. 24 52 17 3% Dec. 29 50 15 L07 11)4 Oct. 29 Dec. Dec. Dec. Dec. 26 1 Dec. Dec. Oct. Oct. 1)4 4)4 49)4 20)4 1)4 4)4 49 H 20)4 ..1 25 3 Dec. 20 6 22)4 Jan* 7 18)4 Feb. 4 5)| Dec. 10 38 Jan. 12 32H Jan. 22 29)4 Jan. 25 53)4 Jan. 14 29 136 6 Jan. 4% Dec. 22 16)4 Dec. 29 108 4 Mar. 12)4 May 18 Oct. 23 3 Mar. 17 102)4 Mar. Dec. : 38 6 10 Oct. 29 13)4 Feb. 15 13)4 May 33 Dec. 4 37 9)4 Nov. 9)4 Dec. 20 17)4 Dec. 13 7)4 Dec. 8 13 7)4 Dec. 17 4 12)4 Dec. 4 H Dec. 29 6 Dec. 28 10 Phillips Petroleum Co cap..* ......... 6 37 9% Dec. 29 24 H Dec. 14 7 9 >4 Dec. Preferred .............100 Preferred.. 7 Dec. 28 8 Dec. Dec. 37 100 common Dec. 30 4 100 .......100 Series A preferred ..100 1,469 Safeway Stores Inc common. * 560 San ioaq Lt Ac Pr prior pf.100 2,797 12,601 25 ..... 342 17.967 1.133 36,998 197,229 1,318 Corp— 6% preferred Cumulative preferred 5,653 123,230 Republic Petroleum Corp Preferred 1,840 88.009 Rheems Mfg Co 146,201 Richfield OH Co common Warrants 6,120 „ "~2~, 253 Common 8,491 Rayonier Inc 8,491 5,653 4,340 2'618 Highest Sale Prices 8)4 Dec. 28 9,523 Plg'n Whistle Corp partlc pf * 23,048 Ry Eq & Realty Co Ltd com.* 6% preferred (new) ..100 3,370 300 Lowest Sale Prices 5 775 Pacific Clay Products Pacific Gas 9c Elec Co com.25 172.5' 106,985 6% 1st preferred..... 25 34,272 5H% 1st preferred ..25 66.677 Pacific Lighting Corp com..* $6 dividend pref * 6.307 72,329 Pac Pub Serv com non-vot..* First pi 53,238 5,961 Pac Tel Ac Tel Co common.100 6% preferred 100 1,555 * 22,636 Paraffine Cos, Inc., com 775 10,976 6,115 1,686 6,121 Highest Sale Prices 7)4 Dec. 17 65.747 North Amer OH Consol cap. 10 5,811 Occidental Insurance cap..10 2,489 O'Connor Moffat. 25,056 Oliver United Filters Ino A..* B... ♦ 98,279 3,995 PaauhauSugarPlantCo capl5 12,896 Paclflc-Amer Fisheries, Inc.5 • 38.127 Pacific Can Co 4,773 * Lowest Par 730 YEAR 1937 Sale Prices STOCKS 26,128 Meleir-Frank Co ..........10 26,151 Nat Auto Fibre* IncCom stkl * 91497 Natomas Co capital 4,927 8,700 6,259 RANGE FOR PRICES IN DECEMBER SAN FRAN CISCO STOCK EXCHANGE Shares Shares 63 SAN FRANCISCO STOCK EXCHANGE JAN., 1938] 28 21 21 Nov. 18 y Los Angeles Stock Exi:h. * MONTHLY AND YEARLY RECORD / ■ RANGE OF PRICES ON THE LOS ANGELES STOCK EXCHANGE --Shares- Jan. 1 to Deo. 31*- AGGREGATE SALES „ 1936 597,698 13,724,472 1,080,467 12,662,164 December 12 Months 1937 1,100 12,100 STOCKS Par . 3.300 Assoc Gas Ac El A. ~ 95 „ 11,000 2,700 800 4,000 100 1,000 9,009 300 100 505 200 COO Ts65 1,000 300 1,400 1,300 561 300 1.500 8,700 88 '""265 1,000 100 2~806 1,800 ""§56 331 1 3Q0 Barker Bros common..... * 5HI % preferred..—....100 2,720 189,138 77,800 105,800 59,200 1,500 1,386 2,500 1,300 5.299 12,900 2,600 12,000 35,700 35,000 164,000 21,000 18,400 1,469 I,200 19,500 606,500 Barnhart-Morrow|Coiis. 1 Berkey &lGayJjFurn^Go....l • Warrants Bolsa Chlca Oil Corp A B California Bank......... Calif Packing Corp... 6,000 29'166 14,400 10,000 47,500 900 1,100 4,250 loo 400 25 4c 4c 17 H 1% 9 Claude Neon Elec Prod Ltd.* Consolidated Oil Corp......* % 4% Consolidated Steel com....* Preferred........ ......* Creameries of America v tc.* 10 iH 4 Douglas Aircraft Corp......* 75c 390 Preferred Gladding McBean At Co * Globe Grain Ac Milling Co..25 * 7% 15c 16c 18 H 28 24 % Dec. 55c 45c 95c Dec. 21 Dec. 29 Dec. 30 1.00 45c ... ""5c" "lie" 5c 9c 15% 16% 18 18 2 H 1.30 47 57 Sale 25c 2 1% Dec. 22 4% Dec. 11 28 Dec. 29 Dec. 10 1% Dec. 2 40c Dec. 13 60c 1% Dec. 29 2% Dec. 14 5 7c 6c 16 Dec. 23 Dec. 8 Dec. 2 Dec. 27 5 7c 7c Dec. 23 § Dec. Dec. 10 16% Dec. 24 20 19 17 19 2.25 1.30 Dec. 21 Dec. 1 48 Dec. Dec. 21 20 20 Dec. 13 Dec. 14 1.30 48% Dec. 28 59 9H 5 Sale 5 36 9 70c 390 Sale 420 7 8% Dec. 14 7 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 31 29 28 29 7% Dec'. 9% Dec. * 3 1 ...1 Merchants'Petroleum Co 1 Mid-Western OU Co ... Mills Alloys Inc A * B —♦ Mt Diablo OU Ming At Dev..l National Funding Corp 10 Nor don Corp 5 Occidental Pet Corp 1 Oceanic Oil Co .... 1 Olinda Land Co 1 Pacific Clay Products......* 27,800 Pacific DlstUlers Inc .1 33,650 Pac Finance Corp common. 10 7 17 4% 13 6 37} 10 21 95c 21 3 400 Dec. 13 Dec. 9 Dec. 4 Dec. 8 Dec. 27 19% 20% 2192 Sale 70c 85c 7c 45c 10c 48c 7c 19c 8c 21c 29c Sale 15c 18c 1% 19 5 Dec. 23 Oct. Sept. 14 Nov. 6 Sept. 10 Dec. 27 Map. 17 41& Mar. 17 90c Apr. 3% Jan. 1 6 Feb. Jan. Jan. Jan. Dec. Feb. Feb. Feb. Feb. 4 28 19 23 23 23 25 18 Dec. 30 Oct. 19 7c 5c 16 Oct. 11 4 Jan. 25 43 % Jan. : 20 Dec. ! 17 Dec. : 1.30 Dec. : 48 Hi Dec. 1 30 May _ 14c 13c 17c 16c Oct. Mar. 19 9 17 m Apr. Feb. Eeb- 1Q Feb. Feb. Jan. Mar. Mar. Feb. Feb. Feb. Mar. Mar. Mar. Jan. June Dec. Feb. Feb. : Oct : Oct. : Oct. : Dec. -3 32% Sept ! 7 50c 390 Oct. : pet. : Nov. 3 17% 16% Dec. 29 21% Dec. 21% Dec. 27% Dec. 22 19 75c 19 80c 17 25% Sale 65c 85c 1% 2% 6 70c Dec. 7 1% Dec. 10 1% 1 35c 5c 2 Dec. Dec. 4 9 4 1% 1% Dec. 28 1% Dec. 13 35c 7c 10c Dec. 18 Dec. 13 Dec. 18 45c 7c 13c 9c Sale 18c Dec. 18 Dec. 13 Dec. 2 15c Sale 15c Dec. 31 22c Dec. 11 50c 2 1% lc 2% 4% 65c 1% 35c Sale 1% Sale 60c 50c 65c 4 65c 1.20 25c 5c 95c 50c" 4H 85c, 19c < 12 26c 35c 1.05 20c 1.10 1.15 19c 55%c 75C 15 32% 27c 25c Sale J* 2 Dec. 17 4% Dec. 8 65c 75c 1.25 1.25 30c 35c 2c Sale 2 50c 60c 15c" ~l6c" "12c" "l9c 45c 11H 2% Sale 30c 8c 1.35 2.25 25c 1 65c 70c 12 12% 180 Sale 80c 18c 7% Dec. 60c 95c 3% Sale 41c 9% Sale 2% 4% 36c ..... 75c 12c 24c 18c 48c Dec. 27 Dec. 29 Dec. 2 Dec. 16 5% Dec. 28 50c 41c 11% 11% 11 26% 28% 27% 29% 26% Dec. 15 28% Dec. 15 42c 2% Dec. 4%. Dec. Dec. 3 Dec. 27 Dec. 2 Dec. 29 8 1% Dec. 25c Dec. 9 55c Dec. 2 30c 1.25 1.05 21c 20c 6 10% Dec. 24 Dec. 24 Dec. 28 Dec. 10 7 Dec. 2 Dec. 1 1% Dec. 1 25c Dec. 9 1% Dec. 30c 8c 62HcDec. 1.35 30c 7 55c 7 Dec. 2 Dec. 11 Dec.15 Dec. 2 Dec. 2 Dec. 15 1592 Dec. 2 15 253 283 18 37 101 5 2N 26% 29% 42% I 3% Sale 25c 5% Sale 1% 1% 4% 4% 1% 1% Sale" 90c 2% 32 16c 39c 23% 24% 2% 26 H Dec. 15 28H Dec. 17 17% Dec. 29 17 % 38% 35% 36% 35% Dec. 29 38 101 103% Dec. 30 103 % 104 103 4% 6 4% Dec. 31 4% 5% 22 12H 13% 4% Sale 21c 2% 17 11% 19 12% 12% Dep. 28 Dec: 30 2 Dec. 30 Dec. 31 12% Dec. 28 Dec. Dec. 28 32 Dec. 1 Dec. 15 Dec. 29 16c Dec. 9 2 Dec. Dec. 28 23% Dec. 28 iJP Dec. 5 Sale 3% 30 28% 32 15c 25c 15c Sale 4% 2 1% 4 3% 1.05 Sale 20 20 21 75c 1.75 95c 3 2% 2% P Dec. 29 1 5% Dec. 10 1% Dec. 15 2 4% Dec. Dec. 17 1.50 20 Dec. 27 Dec. 28 95c 2% Dec. 14 Dec. 3 Dec. 27 Dec. 28 Dec. 6 2792 Dec. 1 114 44 46 30 8 27% Sale 25 23 6 3192 Feb. 19 6% Oct. J 9% Dec. 3 5% Dec. 10 7% Sale 10 10H 108% 109 H 4% 4h 7% 8 41H 600 San Gabriel Rlv Impt Co 10 80 San Joaquin LAtP f% pr pflOO 6,490 Security Co units. ... % Oct. 25c 1.10 50c 104 7 Dec. 28 4% Dec. 29 8 18% $6 preferred..............* 1.284 Nov. 27 Oct. 19 7% Dec. 13 36 % Dec. 3 8 Dec. 27 7% Dec. 13 30 8 1,900 Preferred series G ......10 5,100 Pac Gas At Elec Co com....25 8,700 1st pref 0% 28 3,500 5H% 1st preferred 25 16,100 Pacific Indemnity Go......10 5,600 Pac Lighting Corp com.....* 600 35c Dec. 28 Dec. 27 8 30% 7% T" 692 18 Preferred series A.......10 2,894 Samson Corp B common....* 15,130 4% Preferred 10 24 9 4 Dec. 27 10 Dec. 1 4% Dec. 13 ..... Mascot Oil Co Menasco Mfg Co...... Dec. 28 1 2% Oct. 19 10% Nov-27 5% 29% Sale ... For footnotes see page 65. 6% 8% 3% 7% 4% 4% 7X 5% Goodyear T At R Akron com.* 2792 28% 103 $5 Preferred.............* 101 100 Honolulu Oil Corp.........* 1,900 cHudson Motor Car Co......* 2,700 Hupp Motor Car Co......... Dec. 28 Dec. 28 Highest Dec. Dec. Dec. i 38% July 9 10H Sale 300 Safeway.Stores Inc.........* 100 388 1.37 H 1.00 3 3% 1% Sale 5 34f* "35H 62 14 Sale 36 37 18H Sale 41,200 Robert Public Markets.....* 40,400 Ryan Aeronautical Go...... 1 150 24 42c 95c 29c 6H 61H 900 4,700 3,345 26,800 1937 Sale Prices 5% Jan. 8 Jan. 2 June 2,000 2,500 loo 3 % 10 32 H 33 H 0% Sale District Bond Co..........25 48,400 Hancock OU Co A... * 21% 22% 95,600 Holly Development Co.. 1 77He 87He 1.20 1,221 Holly Oil Co ..5 902 YEAR lowest Sale Prices 4 2H 5 1.40 56 14,400 General Motors Corp......l0 7,200 General Paint common.. ..* 86,620 75,000 15,750 1,023,886 4,335 2,180 55.800 3,500 687,200 221,725 246,120 473,500 14,400 Highest Sale Prices 5c 2H 1,800 Pacific Public Service......* 300 1st preferred. * 3,800 Pacific Western OU Corp • 215,200 Republic Petr Co Ltd.....l0 2,350 Preferred...............50 110,775 Rice Ranch Oil Co 1 208,500 Richfield Oil Corp common.* II,800 Warrants.............. 100 1H 65c 50 Foster At Kleiser Co.......10 200 General Metals Corp new ..* 900 100 700 35c Sale 1.00 Ask Cltlsens Nat T & 8 Bank..20 250 Knudsen Creameries 200 1 2K Sale ,1.10 1.25 Chapman's IceiCream^Co...* Chrysler Corp 5 59,600 Lockheed Aircraft Corp_.._l 3,613 L A Gas Ac Elec 6% pref 100 169,700 L A Industries Inc....... 2 21,000 L A Investment Co. ..10 400 50c Sale 20 632,735 Lincoln Petroleum Corp....l 400 24 45c * 4,700 12,000 2 Sale Lowest Sale Prices Dec. 31' Ask Bid 25 39~858 2.000 6,200 3 Central Investment Corp. 100 Golden State Co $1,200 RANGE FOR 10 2,200 International Cinema * 381.000 Jade OU Co 1 631,999 Sinner Airpl At Motor Corp.l 900 1\ 4% 9H Sale 26% 2692 10 2,400 500 1,000 47,754 "4"400 Bid Ask Ernsco Derr tc Equip Co 5 Exeter Oil Co A ..1 804 Partners Ac Merch Nat Bk.100 1,400 17,900 31,700 2.300 6,000 $~5~606 Jan. 1 to Dec. 31 Dec. 1 1937 Bid 3 92 Broadway Dept Store pfd.100 100 Brock & Co 2d pref ...100 53,600 Buckeye Union Oil com....l 37,000 Common rot tr ctfs..... 1 28,800 Preferred................! 111,909 Preferred rot trust ctfs..I 1,000 Byron Jackson Co..........* 85 6,100 1,400 1 145,200 Bandlnl Petroleum Co * — Price Jan. 2 Shares. Shares 1936 1937 December PRICES IN DECEMBER LOS ANGELES STOCK EXCHANGE In Bond Sales 1937 Stock Sales December 10 16 27 11 16 8 16 4 9 11 17 11 19 13 13 3 Apr. 14 Mar. Dec. ! 4% Dec. : 6 Sept. 16% Sept 132>| Apr : 7 Jan. 3 11 2792 Dec. 22 1.50 Mar. 16 1.75 July 23 35 Jan. 4 2292 Mar. 3 2% Nov. 3 L% Jan. 25 18c Mar. 24 72 He Jan. 25 16 % Aug. 11 60c Feb. 10 16H Feb. 20 109 Mar. 19 6HFeb. 8 10 Feb. f 1.45 Mar. 30 492 Jan. 16 Mar. 15 June 17 2% Mar. 1 50c Feb. 11 97 He Apr. 5 12H Jan., 12 45c Feb. 26 80c Feb. 1 2.00 Mar. 19 40c Mar. 6 18 Feb. 4 80c 23c 1H May 18 Jan. 4 Jan. Mar. Jan. Jan. Jan. Feb. Jan. Mar. Jan. Jan. 12 17 13 13 8 18 7 19 21 23 Apr. 6 Feb. 17 July 12 Mar. 31 May July 8 7 Jan. 20 Feb. Oct. Mar. Feb, Feb. Feb. 13 15 19 23 8 9 Feb. 4 LOS JAN., 1938] AQQREQATE In December Shares STOCKS Bank 53)4 28H 20 600 Shell Union Oil Corp 000 70 2,600 1,700 200 600 Tsod 4,800 6,800 2.100 2,300 700 0,900 100 2,249 .Original preferred...... 25 26,800 4% preferred...........25 27,200 BH% preferred.........25 1,200 So Calif Gas A 6% pref...25 4,400 6% preferred...........25 418 So Counties Gas 4% pref.lOt 300 100 . 120 1,300 160,000 39,500 800 1,430 3,890 78,300 2,200 156 ""400 Son tag Chain Stores Co Ltd. * Southern Pacific Co.... 10# Standard Oil of Calif. * Sunray Oil Corp .....1 Superior Oil Co common 25 TayJor Milling Corp........* Transamerica Corp.— Union OH of Calif Universal Cons OH 30 25 21 27f 26 24 . 35 H 27)4 28 106 13H , 14)4 |l 43 43 54 44X 44 2m 38 26)4 Sale 6c 19)4 Sale 19)4 Sale 22)4 23 37 H Sale 15 10)4 Sale * 138)4 150 ..25 2554 Sale Co.. 19 13 H 13 H 29"" 28 1S8 33 33 X 1254 22 Sale 35)4 37)4 26)4 Sale 23M 24)4 ----- ----- 43 H Van de Kamps Bakeries.....* Victor OH Co ..10 Weber Showcase 8c Fix pfd..* Dec. 31 Dec. 29 6c 19 8c Dec. 23 H Dec. 2 8 20)4 Dec. Dec. 31 Dec. 28 Dec. 29 Dec. 29 7)4 Sale 18)4 Sale 29 29) 3?* si 11 6 36 Dec. 10 25 H Dec. 13 24 Dec. 1 28 H Dec. 21 28 H Dec. 6 Dec. 29 Dec. 16 10)4 Dec. 14 !2H Dec. 24 16 Dec. 10 Dec. 29 9 Wellington OH Co.... 1 Western Air Express Corp. .10 Sale" 8H 20% Sale 6H T & 9H 38)4 10 m Sale 35 68 OH Sale Sept. 14 Dec. 29 Mar. 4 Oct. 19 34)4 Oct. 19 19 15c 19 25)| Dec. 13 Dec. 23)4 Dec. 31H Dec, 8 3 Dec. 9 3 37)4 Dec. 2 12 Dec. 21 11)4 Dec. 20 23 Nov. Dec. Oct. Apr. Dec. 17 31 Oct. 2354 Dec. 21 28)4 Dec. 10 27)4 105)4 7)4 8)4 Dec. 10 19 Dec. 16 10 18)4 Sale 6)4 7h 6 5)4 90c 154 18)4 7)4 5)4 1)4 2 5 4 5 OH 5 Dec. 28 Dec. 2 Dec. 29 Dec. 9 Dec. 16 Dec. 29 2054 9)4 654 154 9)4 Oct. 19 4 17)1 Dec. Dec. Dec. Dec. 5 14 3H 4 18 "254 ""3" "20" ""Dec." "7 20 """Dec." 41 Feb. ff 29 H Jan. 8 28)4 Mar. 11 3154 Feb. 20 3154 Feb. 20 4)4 Jan. 4 2)4 Mar. 19 9)2 Feb. 19 5 Feb. 16 5 Mar. 31 5)4 Mar. OH Aug. Jan. 27 2)4 Mar. 9 13 H 10 20 Oct. Jan. Feb. Apr. !i Jan. Dec. 61)4 Jan. 29 5)4 June 7 20 Dec. 5654 Feb. ~3" "Dec." "6 "~354"D"ec." 15 Aug. 19 Mar. 12 22 Oct. 20 480 Mar. 13 32 H Jan. 13 28 H Feb. 18 H July 19 9 Aug. 18 Oct. ~ ~ Oct. 5)4 Dec. 1)4 Jan. 4 Dec. 6H Dec. 15c 48 155 5 Dec. Sale Prices 60 Feb. 4 32 H Mar. 12 21 19 27 10854 Feb. 29 27 H Dec. 29 2 Oct. 18 29)4 Nov. 25 9 62 Yosemite Portl Cement preflO 2c 2c 141H May 6 7$ Nov. 2 Jan. 14 19 "6c" ""§c" 20 Highest Sale Prices 52 H May 18 50 200 Western Pipe & Steel Co 10 200 YeUow 8c Checker Cab Co..* 6,300 Highest Sale Prices "50c" 8,682 Signal Petroleum Co..._...l 67>300 So Calif Edison Ltd com...25 17,600 23,600 38,000 64.400 58,000 4,800 96,900 Ask Lowest Lowest Sale Prices Dec. 31 Ask Bid Bid B common...............41 540 Union Bank 8c Trust Co 10,100 4,200 3c 39 238,800 Sierra Trading Corp......25c —* 7,300 Signal Oil-Gas A... „ 3,700 Dec. 1 1937 Ask 36.350 Security First Net 0,000 YEAR 1937 Price Jan. 2 12 Months 1937 Share* RANGE FOR PRICES IN DECEMBER LOS ANGELES STOCK EXCHANGE SALES 65 EXCHANGE STOCK ANGELES 254 Nov. ■? MINING STOCKS— 500 Alaska Juneau Gold M Colic 23.200 2,000 4,000 400 22,555 437,750 Black Mammoth Cons M Colic 566,300 103.500 5,740 6,450 Calumet Gold Mines Co lie Cardinal Gold Mining Co 1 Cons Choilar G & S Co.... Gold Ore Mining Co ,..1 1,381.100 Imperial Development Co.25c 425,200 15 28c l)4c 3C 67HC 75c 10)4 Sept. 14)4 23c 20c Sale 3 Sale 19c Dec. 6 20c Dec. lc 10c lie 20c [c )4c Dec. 9 l)4c Dec. 12c lc 16c Dec. 16 16c Dec. 16c 3H 3)4 3)4 3)4 Dec. 16 2c lc 2c lc 2c lHc Dec. 28 4,900 11,000 Prince Cons Mining Co....10 82.140 Tom Reed Gold Mines Co...l 240.225 Ztnda Gold Mining G0......I 8c 44c 12c 31o 26 13)4 6c 32c 7c 25c "35c" 1)4 Apr. 21 4)4c 7c 12 1254 5 31c 8 5)4c 31c 5c Dec. Dec. 12 Dec. 28 40 June 1 Feb. 23 Dec. 16 Nov. 18 Dec. 28 Jan. 4 354 Nov. 42c 1554 Jan. 12 39c 8 5c lc lc Dec. 100 Pioneer Gold Mines of B C 1.300 8 18 3)4 Dec. lc Oatman Rainb Gold M Co. lie Sept. 2c I6c" "l5c lHc Oct. . 5 Mar. 22 Oct. 15 Dec. 50c 30c Dec. 4)4c Nov. 22 6 12c 9c Mar. 1 Feb. 10 20o May 21 354 Nov. 5 1 Jan, 13 1.' 48c Jan, 15c 1:11 Jan. UNLISTED. STOCKS— 700 3,700 6,085 Amer Rad 8c Stand San.....* Amer Tel 8c Tel Co III 2,300 Anaconda Copper Mtnlng—50 1,100 Atlantic Refining Co......25 25)4 14)4 Dec. Oct. 23 Oct. 15 3 35,300 600 12)4 1,200 13,600 Cities Service Co...........* 200 4H 4H 2,200 Cord Corp.................5 1 28.100 Curtlss-Wright Corp... 2,600 Electric Bond & Share......! 2,500 General Electric Co...—.* 2,300 Goodrich (B F) Co.....—..* "loo - 100 3,300 4,600 T§66 300 300 13)4 "1)4 ""2)4 11H 12)4 Dec. 22 "1)4 ""2)4 "l54"Dec."29 10)4 100 Loew's Inc............—.—* 3 Dec. 22 Dec. 2 Nov. 17 Oct. 18 2 28j 1 Dec. 7 Dec. 3 Dec. 29 Dec. 13 2 4,300 Standard Brands Inc.......* 700 Standard Oil Co (N J)— 25 2,700 Texas Corp...............25 100 400 300 5.100 Tide Water Assoc OU—10 12.900 United Corp (Del)-———-* 700 3.200 U S Steel Corp...........I«0 32,200 Warner Bros Pictures.....! 200 Westlnghouse El Ac Mfg Co_50 1,600 100 600 U S Rubber Co..———* ♦No par value. * Odd lot. 5 27 15 Dec.- 3 Dec. 29 Oct. 19 Dec. 29 Nov. 8 Dec. 31 Oct. 11 29)4 2 3)4 Sale 8 40L 14 .48 Sale . _ 7 31)4 Dec. 10 1)4 Dec- 29 Dec. 29 11)4 Dec. 23 43)4 Dec. 29 16)2 Dec. 2 42 H Dec. 14 14 Dec. 31 2)4 Dec. 4 Oct. Dec. 24 "554 "OH "5)4Dec""29 "5)4 "Dec." 29 88- 88 13 55)4 Dec. Dec. Dec. Dec. Dec. 13! 56] 29 28 28 29 2 44)4 Dec. 29 6)4 Dec. 28 37 Dec. 8 20 H Dec. 23 9 Dec. 24 ; Dec. 29 [Nov. 8 Dec. 29 Dec. 28 . , %H i\ 4 6 3)4 4j 4 7)4 8] 7 46? 45 Dec. 29 Dec. 28 Dec. 30 5 Dec. Dec. 28 Oct. i Oct. , 2 19 19 Nov. 16 Dec. 29 19 Dec. 30 Oct. 654 Dec. 15 454 Dec. 7 June 200 Sears, Roebuck 8c Co......* 300 300 400 6 Oct. 1] International Tel 8c Tel....* ....5 1,000 McKesson 8c Robblns 3.900 Montgomery Ward Ac Co....* ....* 8,000 N Y Central RR 35.900 No Amer Aviation Inc..—1 1,900 North American Co..—* 19,100 Packard Motor Car Co......* 53.700 Radio Corp of America...*.* * 7,400 Radio-Kelth-Ospheum 700 Seaboard Oil Co of Del.....* Jan. Jan. Jan. Jan. July Jan, Aug. Jan. Jan. 18 13)4 Dec. International Nickel Co....* 6,000 Kennecott Copper Corp....* 100 100 400 600 9 Aug. 100 Claude Neon Lights of N Y.l Commercial Solvents.......* Com'wealth 8c Southern....* 500 Continental OH Co (Del)——5 200 800 600 200 200 Mar. 10 Oct. Jan. 600 Bendlx Aviation............! 900 Caterpillar Tractor......... * 400 8 Aug. 11,900 (The) Aviation Corp (Del).-3 2,000 Baldwin Locomotive........* ■§65 Feb. Nov. 1454 184M 186] 52)4 53] 45 39 15] 3] 24 54 5 105] Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. ' 8)4 Dec. 4554 Dec. 42)4'Dec. 15)2 Dec. 3)2 Dec. 27 H Dec. 5954 Dec. 8 14 17 8 3 23 2 24 Dec. 2 28 30 16 20 13 15 27 Npv. 23 3 10554 Dec. l Nov. Dec. Dec. Oct. Oct. Oct. Dec. Oct. , Dec. 19 Jan. 3 8 23 12 29 18 21 16 5 20 13 Sept. 30 Feb. | Mar. 3 Feb. IL Feb. 5 Mar. 17 Oct. 11 Feb. 17 Mar. 20 Dec. 29 Mar. 25 Mar. 5 Mar. 7 Jan. 11 Jan. 2# Feo. 19 Jan. 15 Apr. 19 Jan. 18 Oct. 13 Jan 18 Feb. 24 July 16 Feb. 24 Jan, 4 Nov. 12 July 12 Fen, Jan. 1937 Stock Sales 47,446 612,399 Shares. December Jan. 1 to Dec. 31 AQGREQATB 1936 79,191 788,418 Jan. 1 to Dec. 31 RANGE FOR CLEVELAND STOCK EXCHANGE SALES 12 Months In December Shares 228 710 665 100 67 2.396 3 1,638 126 11.978 170 28,897 30 200 151 """985 10 4,058 City Ice 8c Fuel 9 80 00 424 511 2,102 200 1,211 3* Dec. 190 271 780 ""780 3,073 460 770 188 .... Preferred No par value. Feb. 23 Jan. Jan. 7 Sept.: Jan July m Feb. 8 4 8 I 10 Sept. 14 June 24 : Mar. 25 54 Oct. 733* Apr. 60 Nov.: Jan. 30 3* fJan. 50 May 9 9 6 7 13 Dec. Dec. : Dec. ! Nov. 733*!Mar. Dec. ! 37 3* .Mar. 12 4 Oct. Oct. Oct. : Dec. 27 16 Nov.: 63* Dec. : * * 22 Jan. : Dec. • Sept.: 1 70 Dec. 2H Dec. Dec, ♦ • 7 6 29 Dec. 10 32!* Dec. « 7 Dec. 9 183* Dec. 4!* Dec. 4 12 12 8 Dec. : 283* Oct. : Feb. Dec. 1 363* Dec. 6 3 21 12 Dec. Dec. 1 2 Dec. 9 i03*'Oct. 173* Oct. : Oct. 3 83* Dec. : 30 *Nov.: 23* Dec. 1 16 * Dec. ! 10 ^ Sept.: 313*IOct. : 5 Dec. 10 7 Dec. 1 Dec. Dec. Dec. Dec. 3 4 <4 Oct. : 143* Aug. : 5 !* Dec. 20 13* Dec. 30 H Dec. 31 23* Dec. 8 5 18 Dec. 18 2 3* 63* 2!* 203* 7 2 6 173* Feb. 90 100 100 stockholders of record Dec. 15. Jan. May 85 3 1 9 Mar. 23 15 -i Jan. 18 35 I Mar. 8 30 Jjan. 4 18 \ Sept. 30 19 .'June 8 103*1Mar. H Dec. 6 Feb. 4 100 Oct. 29 9 Mar. 23 f. 583* Mar 60 123* Feb. Oct. Dec. 15 4!* Dec. 25 100 26 11!* Mar. 23* Nov. 71 Apr. 12 8 13 27 ^Jan. 22 June 14 8 3!* Dec. : 16 LJan. 30^Feb. 14 &Jan. Dec. : 9 ♦ 1 In liquidation—first liquidating dividend paid on Dec. 20 to 104 18 123* Dec. : * Peerless Corp .........3 Reliance JElec 8c Eng Richman Bros. Selberllng Rubber...... * Preferred .100 S M A Corp common....... 1 Stouffer Corp A __......_* Troxel Manufacturing 1 Union Metals Mfg Co » Upson-Walton I Van Dorn ^ron WksCocom.* Vlchek Tool * Warren Ref Ac Chem com.. 2 Weinberger Drug..........* W R I Corp pref 140 a Feb. 22 15 7,312 Packer Corp...............* Patterson-Sargent.........* 85 Yougstown S Ac T pref * 49 40 672 Nineteen Hundred Corp A..* 750 2,491 2,412 19,804 24,195 5.366 16,931 10,083 753 30 17!* Nov.: Preferred............... 4,227 Ohio Brass B 4,305 ""295 4 92 6 * • ....... 27,520 National Tile 4,175 Nestle LeMur"A- 45 Dec. 23 573* Feb. ! * Harbauer Interlake SS Jaeger Machine Kelly Island L & T Lamson Session*...... Leland Electric Lima Cord Sole 8c Heel. ... 743 810 3,075 765 15c Mar. 33 1,392 Miller Wholesale Drug 3,797 Monarch Machine Tool Co 3,964 Murray Ohio Mfg 9,264 26,862 1,575 29,603 9,373 6,305 Aug. 30 40 481 Ohio Confection...... 1,050 50 56 Jan. 4 183* Dec. 13 100 Aug. 13 Nov. 30 * 564 Henna (M A) 15 pref...... 150 414 1 1 633* Jan. 20 43* Mar. 24 303* Sept. 15 National Acme.............I 2,175 Mar. 8 1113* June ! Preferred 465 18 Nov.: 102 6% 15,522 National ..Refining June 403* Feb. 10 117 213* July Preferred..........100 100 (B F) Goodrich • 4 Goodyear T 8c R 2d pref 371 Great Lakes Towing......100 351 Preferred 100 13 Dec. 22 4 ♦ 1,257 Grelf Bro* Cooperage Feb. Feb. 21 84 6 5 15 17 17 3* Dec. : 7 3* Dec. 6,522 McKee (Arthur G) B * 8,742 Medusa Portland Cement * 10,928 Metropolitan Paving Brick.-* ""665 22 60 21 * 330 565 '"*"55 Jan. Aug. 183* Dec. ... 276 19 105 2,714 Faultless Rubber... ...._* 3,572 a Federal Knitting Mill* * 4,956 Foote Burt • 2 Oct. 30 840 McKay Machine............• 37 8 14 10c 100 516 Dec. 13 29 3* Dec. 24 350 Dow Chemical 5% pref.. .100 200 Eaton Mfg..._. ...4 3,665 Elec Controller 8c Mfg.... Feb. Jan. Oct. 40 58 Dec. 30 1023* Mar. Jan. 103 3* June 30 112 28,897 Dow Chemical Rights 4,026 12,778 9,762 7,754 30,409 10,091 6,906 Dec. 29 Oct. 20 Dec. 29 2 Clark Controller new ...1 Cleveland Builder* Realty * Cleveland Cliff* Iron pref * Clev El .111 $4.50 cumprei * Cleveland Ry*_ 100 2,357 Cleveland 8c Buffalo Tran * 144,647 Cliff* Corporation v t c * 6,810 Commercial Bookbinding.._* 60 160 2,877 Oct. 333* Jan. 26 143* Feb. 20 20!* July 12 19 100 45 15 20 105 11 10,366 2,862 29,221 1,082 10,453 2,808 Oct. Oct. 70 17 • 861 Halle Brothers.............5 1,040 5 Dec. 27 Dec. 28 45 ... '80 Oct. 5 53* Dec. 28 Preferred 85 Highest Sale Prices 10 626 Apex Electric & Mfg * 882 Preferred............. .100 197 Fostorla Pressed Steel.. 100 General Tire &jRubbe».. 25 1937 Lowest Par 2,113 Air-Way El Appl 1st 7% pf 100 6,268 Akron Brail Mfc common * 3,465 Amer Coach 8c Body...... * 27 """365 YEAR Sale Prices STOCKS 1937 Shares 11 Canfleld OH 100 95 7% cum preferred......100 632 1936 1937 Bond Sales December 1 2!* Feb. 24 303* Feb. 6 67 gMar. 9 103* May 7 203*!Mar. 34 (Feb. 73* Mar. 18 Sept 573* Mar. 93* Apr. 643* Aug. 19 Jan. 34 May 103* Apr. 213* Mar. 133* Mar. .. 3 5 3 30 8 2 10 9 13 13 25 1 14 Feb. 13 153* Jan. 2 53* Jan. x .Sept.2« 26 105 101 July May 2i \ General Quotations OF BONDS AND STOCKS In the earlier part of this publication complete records of the dealings the country, for the latest month and for the calendar year to date, General Quotations we combine in one those dealt in on quoted t T .. 91 Mining Stocks ...... 92 Municipal Bonds—Domestic......... ..... foreign Government Bonds.... Industrial Bonds.. 81 ....... Industrial Stocks Insurance Stocks ....... .... Page Canadian. Railroad Stocks Bank Securities.......Ill ..... .. ....... ......... Real Estate Bonds....... 84 71 lit ..... 91 Real Estate Trust and Land Stocks...... 84 93 Textile Stocks 84 73 ......................... Title Guarantee and Safe Deposit ... 84 ..... ........ only The following is an index Page Joint Stock Land Land Bank Bonds............... In this department of ■ -• 83 . . of the leading stock exchanges comprehensive whole, securities of all classes and descriptions, not Page federal on furnished. the exchanges, but also leading unlisted and inactive securities. to the different classes of securities Exchange Seats._ are Public Utility Bonds... 99 Public Utility Stocks 78 Stocks.. 84 United States Government Securities.... 91 Railroad Bonds......................... 67 United States Territorial Bonds.......... Investing Companies Securities.......... 72 ... ... 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 always "flat," and In the case of income bonds and bonds in default, the price is provide for It separately In making payment. designating mark Is employed to indicate the fact. no Quotations for equipment bonds are based on verage Quotations for guaranteed stocks are "and dividend" maturities. that is the accrued dividend must be paid In addition to the price. securities are merely nominal, but In all It should be borne in mind in the use of these tables that the quotations for many Inactive and unlisted t eases the figures are obtained from sources which are considered reliable. The following abbreviations are often used, vis.: "M" for mortgage, "g" for gold, "gu" for guaranteed, "end" for endorsed, "cons" for consolidated "conv" for convertible, "s f" for sinking fund. "1 g" for land grant, "op" for optional. The black-faced type in the letters showing the interest period indicates the month when the bond NOTICE—All prices Bid Bonds are 100 92 95 48 47 Alabama Great Southern— 1st cons g 5s 1943 ser A...JAD 1st cons 4s 1943 ser B JAD 50 49 ^ 112X 103 X Eq trust 5s ser G 1938 AAO 5x1-50 Alabama Tennessee A Northern— Prior lien 6s 1948— JAJ f 10 Gen income 6s Oct 1948—JAJ r .ux Alabama A Vicksburg Ry— 1st M g 5s 1974 series A— MAN Ii.92 Albany A Susq 3Xs g 1946..AAO Alleghany Corp— Co 11 tr conv 5s 1944.. FAA * 69 ,60X Ooll A conv 5s 1949-.—-JAD Co 11A conv 5s 1960——AAO 5a stamped 1950... ....AAO f 29X Allegheny gen 4s 1942.-MAS i 108 i« Allegheny A Western— 1st mtgf guar 4s 1998....AAO M American Refrig Transit— Equip 5 Ms series E 1939--MAN 5 3.00 Equip 5e ser F. G A H. '41-'45 5^4.00 £►" 10324 i.00% 13 3 _ i Q-J M Fe— 82 2.00% 3.00% . 35 40 105 _ LUH Rocky Mt Div 4s 1965—JAJ Atlanta A Charlotte Air Line— 1st M 4X- 1944 ser A JAJ lot M 5s 1944 ser B JAJ Atlanta Knoxville A Northern— 1st mtge gold 5s 1946 JAD 1st cons 4s Mar 1 2002...MAS Atlanta Terminal 6s 1939—FAA Atlantic City 1st cons 1951..JAJ 1st 5s ext May 1 1954 MAN Atlantic Coast Line RR— 1st cons 4s Jvfty 1 1952—MAS Oonv deb 4s 1939 op '16..MAN Gen onifser A 4Xs 1964..JAD 10-yr ooll tr 5s May 1 '45-MAN Lou A Nashv 4s Oct 1 '52.MAN 106 108 85 92 80 85 76% 80 X 59 X Toledo A Gin Div 4s 1959.JAJ Bangor A Aroostook— 1st M 5s g Jan 1 1943.. JAJ Cons refund g 4s 1951—..JAJ 4s stamped 1951 Pis cat Div g 5s Jan 1943..AAO St Johns Riv Ext gu 5s '39.FAA Van Bur Ext 5s g Jan '43.AAO Washburn Ext 1st 5s '39—FAA Battle Creek A Sturgis— 1st guar g 3s 1989 JAD Bay City A Battle Ork 3s *89 JAD Bedford Belt 1st 5s 1938 JAJ Beech Ork Ext 3X* 1951—.AAO Belt RR A Stk Yds (Indplis)— 1st ref gold 4s 1939. MAN Belt Ry of Ohatt 1st 5s '45—JAJ Belvldere Del cons 324s 1943. JAJ 382* 43 X 38 100 104 X 113H 106 116 101 102 87 98 50 X Si* 7s!H 76 5 2.00 97 11* 88 85 1.50 1.50 }R§^ 108 107 106 107 60 50 1.75 12 100 88 1938 66% 25 5 97 M 100 X 95 83 41X JAD 6 4.00 Buff A Susquehanna RR Corp— 1st 4s Dec 30 1963 JAJ Burl Cedar Rapids A North- w. 8 Con 1st A coll tr 5s g *34—AAO f Certificates of deposit * Butte Anaconda A Pac 5s *44 FAA 43 3.00% 85 10 9 - 98 Cambria A Clearfield— 63 88" 100 105 98 X 1st 5s g 1941 JAJ Gen M g 4s 1955—......FAA Cambria A Indiana— 100 MAN Eqtr 5Xs 1938 102 Canada Atl Ry 1st 4s 1955—JAJ 85 94 M A.AAO 105X Canada South 5s 1962 103 95 BoonvUle St L A Sou 5s '51.FAA Boston A Albany 5s Oct *63..JAJ 24 93 2.25% 2.75 96 80 98 X JAD 5s July 1 1938 JAJ 4X» Impt 1978 FAA 1st mtge 4Xs ser A 1943..AAO 3Xs Jan 1 1951 JAJ Ref 3Xs 1952 gu N Y O—AAO Boston A Maine (new) 5s Sept '41 75 28" 96 100 100 4a-5e April 1947---.—— 5s April 1944 5s June 1945—........... 5s Jan 1946——. 101 k Last sale. 2.50 106 X Equip trust 5s . 106 1957 gu.MAS Imp 1st 4s '40 /This price Includes accrued interest. 44 2.75 2.75 98 Buffalo Rochester A Pittsburgh— Con g 4Xs 1957 MAN 112 93" 77 44 45 ser 95 112 X Canadian National Rys— 5s June 1942— 91 100 K 8M 68 Brooklyn A Montauk— 2d (now 1st) glold 5s 1938. JAD Brunswick A Western— 1st mtge gtd 4s 1938 —JAJ Buffalo Creek 1st 5s 1941 JAJ 1st ref 5s 1961 JAJ 68 50 Equip tr 2 Xs <1938-1947—MAS 62.75 108 Big Sandy Ry 1st g 4s 1944..JAD Birmingham Southern— Equip trust 3 XaJDec. 11938-46 63.75 Birm Term 1st g 4s Bluff Point Land A ... 5s 1967 ser AC 5s 1955 ser 2 1st m 4Mb Juy 15 1947-JA J15 20 Gen mtge ext 6s 1947..JAJ15/ 2 Boston Term Co 3X« 1947—FAA 66M 4s1950 JAJ 104 36 108 m Boston ANY Air Line— 1st mtge gu g 4s 1955 FAA Bost A Prov deb 5s July 11938 Boston Rev Beach A Lynn— 31 Pittsb Lake Erie A W Va— Refund gold 4s 1941...MAN S W Div 1st 5s 1950 JA 68 72 65 74 ... 42 % MAS 43 X 1st m ..MAN 1st m 4Mb 1961 ser JJ 39 X AAO Equip trust 3%a Dec 1 1938-44 6 3.50 Eq 4Xs 1938-1943 (yr).._AAO 63.50 6 3.25 Equipment trust 6s.. Boston A Maine (old)— 4s Aug 1942 57 FAA 3s July 1950 45 JAJ Eq tr 6s 1938 (year) JAD 6 2.50 1st 102 X 1st M 4s g July 1 1948— .AAO 1st M 5s July 1 1948 AAO 65 86 5s Jan 1943..——. 5s May 1940 Baltimore A Ohio— Bessemer A Lake Erie— Equipment trust 4%b. Eq4Xs 1938-41 E (yr)—FAA 5 2.00 "— Atlantic Coast Line (Conn)— 96 Irred ctfs of Indebt 5s—..JAD gu g Ask 5s March 1942 Ref A gen 5s series F 1996.MAS 37X Eqtr 4Ks 1938^0 (yr) MAN 6 4.25 Eq tr 4Xs *38-'41 O (yr)_.FAA 6 4.25 Eq tr 5s 1938 (yr) FAA 6 4.25 312$ 105 X AAO 103 Adjustment 4s July 1 1995 Nov 102 X Stamped MAN Oonv g 4s of *09 due 1955-JAD Conv g 4s '05 due 1955.-JAD 100 Oonv g 4s of "10 due 1960-JAD Oonv deb 4X® 1948 JAD R105X Athens Terminal Ry— 1st g 5s 1937 JAJl/ Atl A Birm. See Seab'd Air Line 6s 1947..AAO Austin A Northwestern— 1st mtge gtd g 5s 1941 JAJ Augusta Union Sta 4s 1953.-JAJ Baltimore A Harris burg Ry— 1st M West Ext g 5s 1938-MAN Bid .... K* 64 93 Trans S L 1st g 4s 1958... J A Gal-Ariz 1st Aref4 X»'62 opMAS 53 45 See Public Utilities. Ark A Mem Ry Bridge A Term— 1st M 5s 1964 MAS Aroostook Nor 5s g 1947..—AAO 51 Ref A gen 6s 1995 series O. JAD Ref A gen 5s 2000 ser D..MAS „ stM AAO 97 H _ Anacostia A Potomac— 30 1st mtge gu g 4s 1949 11 Boston A Maine (new) Concl— 5s May 1943 98 31 26 96 vff .. 96 29 JAJ ...JAJ Atl A Danville 1st 4s 1948 2d g 4s 1948 Atlantic A Yadkin— Aug Term 1st o Bonds Ask JAJ Gen 1st g 4s July 1948 35 Akron A Barb Belt g 4s 1942. JAD Akron Oanton A Youngstown— Gen A ref 6s 1945 series A.AAO Gen A ref 5X® 1945 ser B.AAO 6Basis. Bid Atlantic Coast Line of S O— Aberdeen AAsheboro 1st 5s'40 JAJ Adirondack 1st 4Hs 1942 gu MAS Atchison Topeka A Santa Gen mtge gold 4s 1995 bonds mature. where marked "f" and income and defaulted bonds. Bonds Ask RAILROAD BONDS Ann Arbor 1st g 4s 1995 "and interest" except n Nominal. 82 87" 95 96 85 80 61 81 57 44 47 50 52 45 45 48 48 4Xs guar 1957........—JAJ 4X8 guar 1951..........MAS 4Xs guar 1956—...—FAA 4Mb guar 1955 ...JAD 15 40-yr 5s guar 1970——FAA 5s guar July 1 1969— —JAJ 5s guar Oct 1 1969 —AAO 5s guar 1954 ...FAA 16-year guar 3s 1950—..JAD Guaranteed 3s 1944 MAN Guaranteed 2s, 1938——MAN 7-year guar 2s 1943—....FAA ' ■ 113 X 113 X ; ii3 m 1116 i us „ 116X jll8X 97 noix 99 X ■ 98 * 96 X 17-year guar 3s 1953 .FAA Eq tr 4Xs 1938-1942 (gu) MAN 6*3.30 Eq tr 4Xs 1938-45 (ann).JAD 6 3.30 63.25 Equipment trust 5s Canadian Northern— 124 S F deb 6Xs 1946 JAJ 124 X 68 RAILROAD NOTICE—All bond prices Quotations for all securities , Bonds Bid Canadian NW4%s Oct Canadian Pacific— 221943— 89 perpetual—J&J Cons deben 4s 86% 101 % 100 20-yr coll tr 4 %s 1946—M&S Coll tr 5s 1954 J&D S f 4%s Dec 15 1944—J&D 15 Coll tr 4%s 1960 J&J Convcolltr 6s 15-yr conv 9934 97 1942-——M&S/ 106% coll tr 4s 1949--J&J Conv coll tr 3%s Conv coll trust 3s 95 92% 91 % 96% 1951—F&A 1945—A.&O A&O Coll trust 2 %s 1941 Eq tr 5s 1944 J&J 113 Eq tr 4%s 1938-1945s-a-J&D & 3.25 Caro Cent 1st g gu 4s 1949—J&J / 45 Caro Clinch & Onio 5s 1938. J&D 101 1st cons 6s 1952 ser A„ J&D 15 107 Carthage & Adirondack— 1st mtge guar g 4s 1981—J&D 55 Oatawissa RR g 4s 1948 A&O 1Q6% Cent Ark & East 1st 5s 1940-J&J / 10 Cent Br Un Pac 1st g 4s'48—J&D/ 20 Central of Georgia— 1st M g 5s Nov 1 1945.---F&A / Cons gold 58 1945 --M&5 _ _ '^and interest" except where marked "f" and Income and defaulted bonds are as 93 86 102 101 100% 97% 107% 96 93 92 96} 113% 2.50% 55 101% 108 59% 25 , Central Pacific— 1st ref 4s g guar 1949F&A 1st g guar 4s Oct 11954—A&O 97% Central RR of South Carolina— 1st ref 6s 1937-1976 Central Vermont Ry—. imtp 3%s D 1996—M&N 3 %s ser E 1996 F&A notes, 1941— notes, 1942 notes, 1943 notes, 1944 notes, 1945 p 101% 101% m . — Chic June RR 1st 4s 1945—M&S 100% Chic June Ry & Un Stk V ds— Coll tr ref 5s 1940 A&O Coll trust ref 4s 1940 HH 00 COT* A&O Chicago Lake Shore & Eastern 1st M 4%s 1969 opt 1919-J&D Chic Memp & Gulf 5s 1940—J&J Chic Milw & Gary 1st 5s '48-A&0 / J ft Basis. 105 91% 108% 93% 39 11 30 92 99 65 1.00% 100 1071 1075 107% 107% 100% 2.00% 2.00% 2.00% 1.10% 1.00% 108 J&D 89% 90% 73] 74% J&D 102' if 101% '40—J&J Cleveland & Mahoning— Gold 5s 1938 J&J Cleveland & Pittsburgh— Ser A 4%s gen gtd 1942—J&J 109% Ser B 4%s gen gtd 1942—A&O 110 Ser B 3%s gen gtd 1942.-A&O 104% Ser O 3%s gen gtd 1948—M&N 105% Ser D 3%s gen gtd 1950—F&A 105 Gen & ref 4%s 1977 ser A.F&A 106% Gen & ref 4%s 1981 ser B—J&J 105% Cleve Short L 4%s 1961 A&O .104% White W V Div 1st 4s 166" 1st 4s gold guar 1995— Cleveland Union Terminals— 1st s f 5%s 1972 series A._A&O 1st M s f5s 1973 series B—A&O 1st s f 4%s Clinchfleld 84 105% 101% 90% 1977 series C—A&O Equip tr 2 %s ser A 38- 52 M&S 63.25 109% General mtge 4%s Col & Pt Deposit 4s 107 99% 109% 16 3.75y0 92% 20 20 37 6% 6% 29% 29% 101% 106% 43% —— 107 104 91% 2.25% 46% 68 64 45 101 55 __ 110 115 15 15 15 15 10 —J&J —A&O Deb 4s 1956 guar J&J Copper Range RR 1st 5s '49-A&0 J&D J&J 7%s extended to 1946—J&D Cuban Nor Rys 1st 5%s, '42 Cuba RR 1st g 5s 1952 21% 27 21" 37 42 34 68 extended to 1946—.—J&D 49% Delaware Lackawanna & Western 64.00 6 5% 8% con g 12 con g 13 4s 1936 J&J / 4%s 1936——J&J / Denver & Salt Lake Ry— Inc mtge 6s Jan 1 1960-An Apr 1st 4s 1950 J&J Des Moines & Fort Dodge— Ctfs of dep for gtd 4s 1935-J&J Des Plaines Val 4%s 1947-M&S/ Det & Mack pr lien 4s 1995-J&D / 4s stamped 1995 — / Mortgage gold 4s 1995—J&D / Mtge 4s stamped 1995 „ Nominal. 20" 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 Deb 5s 1952 5% 3 9 115 101 38 1945—J&J A&O 3%s *40—A&O Goshen & Deckert'n 1st 6 %s 5.00 102 1978 90 M&N 80 J&D J&J J&J 3%s 1941 Grand River Valley 1st 4s Grand Trunk Pacific— 1st M 3s 1962 1959— 106% 102 82 J&J 95] 90] 95] 94 (Lake Superior) 4s 1955 gu—M&N 1st 4s Feb 25 *39 Alb 1st 4s Feb 15 *42 Alb gu-M&N Gen 4s 1962 Can QWgu.-J&J Grand Trunk Western— 1st g gu 4s % July 1 1950—J&J 3.25% 6% as 3.50% 3.50% 3.60% 55 it* Great Northern— J&J Gen 4%s 1976 series D Gen 4%s 1977 series E J&J J&J Gen mtge 4s ser G1946..—J&J Gen mtge 4s ser H 1946 J&J Gen mtge 3%s ser 11967—J&J Eq tr 2s 1938-1947 M&S Eq tr 4%s 1938-1939 M&S Eq tr 4 %s 1938-1940 D»yr) J&J Eqtr 5s 1938 <yr) M&S Western Fruit Express— Eq 5s J'ne l5'38-'39 <yr)J&D Eq tr 4%s 1938-1940-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 B Feb... Guantanamo & Western— 57 1st M 6s 1958 series A J&J Guayaquil & Quito 1st 5s '32 J&J2 111] 103 98 §§^ 88 102* 94* 77* 6 2.70 61.75 6 2.00 61.25 62.00 62.25 95 94 105% /SO / 8% • „ f 50 f 6 Gulf Mobile & Northern— A* 1st 5%s 1950 ser B A&O 1st 5s 1950 series O—...A&O 40 70 45 45 Gulf & Ship Island I$R— 1st ref & term g 5s\Feb 65" Stmpd 1 July 1 15(33 cpn Gulf Terminal of Mobil©— 45 55 45 90 — 11* 97% 90 107 Eq tr 5s Dec 14 1938-'43 iyr) 64.00 Grays Pt Term g 5s 1947 J&D 80 Debenture ctfs A Feb.. 1st 1st n 1' lj looi Certificates of deposit u Georgia Fla & Ala 1st 6s '62.F&A / J&J 33 Imp & equip 5a 1960 M&N Danbury & Norw ref 4s 1955-J&J / 35 Dayton Union Ry 1st 4s '49-J&J1 102 Del & Bound Br 3%s 1955—F&A 102 Delaware & Hudson—_ 1st & ref gold 4s 1943 49 M&N ft Last sals, Certificates of deposit--f Fort Dodge Des Moines & Sou 1st 5s 1938 J&D Fort St Un Dep Det 4%s *41-J&J '41-J&J Denver & Rio Grande— 17 40 1st & ref g 4%s '61 opt 45 27% 39% -- 19 gold 4s 1950 J&J / 1st cons ref 4 %s *52 opt.-M&N Proof of claim filed / Amended 1st con 4%s 1982 (Nov *32 and May '37 coup). Proof of claim filed / Gen M 5%s 1952 ser B Gen M 5s 1973 ser O 40 26% 20% 29% 26% 11* 11* 95 15 2 42 Eq tr 4%s 1938-'42 <yr)„M&N 64.25 6 4.25 Equipment trust 5s 6 4.25 Equipment trust 5%s 16 J&J 40 33% 38% 11% 3% 6.25 57] 6] 6 75 (Mountain and Prairle)4s 1955 10% 5.00% 5.00% 5.00% 5.00% 45 M&S Eq 4%s '38-'41 H «s-a) 2nd ext 6s 1979 Gouv & Osw 1st 5s g 1942 Gr R & Ind 1st 4%s 1941 J&J Connecticut & Passumpsic Rivers 1st gold 4s 1943—— A&O Conn River gold 4s 1943 M&S Connecting Ry < Phila)— 1st M gu 4s Mar 16 '51-M&S 15 1st 5s 1951 M&S Consol Rys <N H) deb 4s '54-J&J Concord & Claremont— 1st 6s 1944 9% 6.25 6.25 J&J 5s gold 1943 Florida Southern— 1st g guar 48 1945 1st 11 3% 6725" cons Eqtr4%s 1938-1939s-a-.M&N 6 105 Gen income 5s Aug '55—F&A Assented subject to plan / Ref & Impt 5s 1978 ser B__ A&O f 29 1st Florida East Coast 4%s *59. J&D / 1st & ref 5s 1974 M&S/ Certificates of deposit / 19% 109 Equip trust 4s Apr 1 1938-'49- 41 103] 103] Ext at 6% to July 1 1934 / Georgia & Florida KR— 1st M 68 1946 series A M&N Denver & Rio Grande Western- 30 106% 106" 109 60" 63.25 20 F&A Deb 4s 1955 1967 Ga & Ala Term 1st g 5s 1948-J&D Ga Caro & N 1st 5s g 1929—J&J A&O 1948 Deb 4s 1955 42] 42] 63.75 63.75 63.25 Girard Point St'ge 1980—M&N 1940—F&A Columbus & Toledo— 1st ext g 4s 1955 92% M&N A&O Eq 4%s '38-'41 LL (s-a)—M&S Eqtr 4%s 1938-'43 (s-a) .M&S """ Equipment trust 5s. Equipment trust 5%s Erie & Jersey s f 6s 1955— J&J Ref & impt M 5s 1975 108 108" Columbus & Hocking Valley— IS* 51 A&O 60 94 Coal Rrv Ry 1st 4s gu 1945-J&D Colorado & Southern— Ext gold 4s Series D 1953 Ref & imp M 5s Is* A&O 1st lien & ref M 5%s 1938-A&0 Galveston Term 6s 1938...-M&S Genesee River 6s 1957 J&J Ga & Ala 5s Oct 1945 J&J RR— 110% 105% 109% 2.00% 1953 Galveston Houston & Henderson Cleveland Terminal & Vall< 10 27 J&J J&J A—A&O Florida West Sh 5s 1934 J&J / Fonda Johnstown & Gloversv— 104 '40.M&S 102 • gold 4s 1996 Gen lien gold 4s, 1996 Conv gold 4s 1953 ser Pittsburgh Gen gu g 3%s ser B 1940—J&J Series O 1940 J&J 102 1977-J&J Spr & Col Div 4s 1st g 102 Prior lien 93 A&O Erie & '90 M&N /This price includes accrued interest, 108% 1st & ref 5s 1965 5s stamped 1965 Erie— Gen ref St L Div 1st col tr g 4s Chic Milw St Paul & Pac RR— 60-yr 5s 1975 series A F&A / Conv adj 5s Jan 2000 A&O / Chicago Milwaukee & St Paul Gen g 4s A May 1 1989 J&J / Gen g 3%s B May 1 1989.J&J / Gen 4%s May *89 series CLJ&J / Gen 4%s May '89 ser E J&J / Gen M 4%s May '89 Ser F.J&J Eq 4%s *38-'43 E & F <yr)-J&J 6 Eq 4%s '38-'41 G & H «yr) J&J 6 Eq tr 6s '38-'40 ser B «yr)-F&A 6 Eq tr 5%s 1938 A&O 6 Chicago & North WesternGen M3%sg 1987 M&N / Gen M gold 4s 1987 M&N Stmpd non-pay Fed inc tax— Gsn M 5s '87 stpd inc tax.M&N f 106 109% A&O 61.50 100% 101 notes. 1946 --J&J 101% Equip tr 2s 1938-1947—M&S 6 2.70 Eq tr 2%s 1938-1946 J&D 6 2.75 Eq tr 3s, 1938-1950 A&O 6J2.80 Eq tr 4%s '38-*40 (yr)--A&O 6 1.75 Eqtr 5s 1938 «yr).._-—M&S 15 6 1.30 Craig Valley 1st 5s g 1940-J&J 106% Grain Elev 1st 4s 1938 A&O 101 Paint Creek Br 4s 1945—F&A 107 Potts Creek 4s 1946 J&J 106* R & A Div 1st con g 4s *89-J&J 114% 2d con g 4s 1989 J&J 109% Warm Spr Val 1st 5s g '41-M&S 107% Chesterf & Lancaster 5s '55.F&A / 5 Chicago & Alton RR— 26 Refunding g 3s 1949 A&O Chicago Burlington & Qulncy— Gen M 4s 1958: M&S 108 1st & ref 4%s ser B 1977—F&A 105 1st & ref g 5s 1971 ser A—F&A 109% Illinois Div 3 %s '49 op '29-J&J 4s July 1 1949 J&J Eqtr 2%s 1938-47 A&O 6 2.70 Chicago & Eastern 111 mew co)— Gen M 5s May 1951 M&N 15% Certificates of deposit/ 15 Chicago & Eastern Illinois— 1st consol 6s gold 1934—A&O / 90 Chicago & Erie 5s 1st g '82__M&N 108 7 Chic Great West 1st 4s 1959-M&S f 16 Equip tr 4%s "A" 1945—A&O 6 4.50 Chicago & Illinois Midland Ry— 1st mtge s i 4%s ser A '56 M&S 91% Chicago Indiana & Southern Ry— Con mtge g 4s 1956 guar—J&J 85 Chicago Indianap & Louisville— Ref M g 6s 1947 series A-.-J&J / 10% Ref M g 5s 1947 series B—J&J / 10% Ref M g 4s 1947 series O—J&J 1st & gen 5s 1966 series A-M&N / "5% 1st & gen 6s May '66 ser B- J&J Monon Coal gu 5s '36 opt-J&D f 27 Non-cum inc 5s 1955(w-s) / 27% Chic Indianapolis & St Louis— Short Line 1st 4s 1953 A&O 91 72] 56] 107 107 Florida Central & Peninsula— 101 100* 109 El Paso & R I 1st gu 5s 1951-J&J El Paso & Southwestern RR— 35 Cairo Div 1st g 4s 1939 J&J O W & M Div 1st 4s g *91—J&J 95 J&J J&J J&J J&J J&J J&J 100% 90 Clev Cine Chic & St Louis— General 4s gold 1993 Gen M 5s ser B 1993 Ref & Imp 4%s ser E 107% Elmira & Williamsport— 1st 6s 1910 ext at 4% 1950-J&J Income 5s 2862 A&O 99 1st gtd 5s 1943— J&J Cleveland Akron & Columbus— 1st cons guar g 4s 1940-—F&A 106 121 75 89% Columbia Ry 4%s 1944--A&O Elgin Jol & East 5s 1941—M&N Cin N O & Tex Pac Ry— 95} Ref & „mpt notes, 1940 104 90 105 Nor Div 1st g 4s 1948 A&O Edmonton Dun vegan & British Series B 1st mtge g 5s series O '57-M&N 1st M 3%sser D 1971 M&N Clearfield & Mahoning— 3.00% 64 21% East Tenn Va & Georgia— Consol 1st g 5s 195o_ M&N Eastern Ry of Minnesota— Cincinnati Union Term Co— 96 109 J&J East Tenn & Western N O— 1st extended 5s 1965 M&N 104% Cin Northern RR 1st 4s 1951-J&J , 6 4.00 Eq tr 6s Dec 14 1938-'44 «jt)_ Char & W Carolina 5s 1946-A&0 103 Chatt Rome & Sou 1st 5s '47 J&J / 65 103 Chattanooga Sta 4s 1957 gu—J&J Chesapeake & Ohio— 1st cons g 5s 1939- ———M&N 105% General 4%s gold 1992_—M&S 120% 101 1st gold 5s 1937 J&J Dutchess Co RR 4%s 1940—J&D East Penn 1st 4s 1958 ..M&S M&N 71 80 108% Duluth South Shore & Atlantic— 108 Cine & Musk Val 4s 1948—F&A Eq tr 5s 1938 <yr). Coll tr g 5s 1937-—-—M&N Coll tr 5s ext'd to 1942—M&N Dexter & Piscataquis— 1st 4%s 1949. Cincinnati Lebanon & Northern 93 76 M&N 1st 5s Mar 1 1964 J&J Detroit & Toledo Shore Line— 1st gold guar 4s 1953 J&J 105 109 General 5s gold 1942 J&D Cin Ind & West 1st 5s 1965.M&N 1st consol gtd 4s 1942 _ Detroit Toledo & Ironton— Cincinnati Hamilton & Dayton— 99% Bid Detroit Term & Tunnel-— 1st guar 4%8 1961.. 55% M&N / 1952 Bonds Ask 66 J&D M&S 69% F&A European loan 4s 46 -.-.M&S Central RR & Banking of Ga— Ref & Consol gold 5s 33 3.00! 104 68" 1 1960 Chicago Union Station— Guar 4s 1944 A&O 1st M 4s series D 1963 J&J 1st mtge 3 %8 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 5s 1949 J&J Choctaw Oklahoma & Gulf— 9 6 4.0 Bid 1st & ref g 5s Dec 1 '60 opt 42% 31 27 J&J Guar g 5s I960--- Bonds Inc mtge 5s Dec Central of New Jersey—- Gen M mow 1st) g 5s 1987-J&J (yr)-F&A possible for the closing day of the month preceding the date of issue Chicago & North Western Cont.GenM4%s'87 stpd inc taxM&N / GenM4%8*87 stpd inctaxM&N / 15-year 6%s Mar 1936-—M&S * 1st & ref 58 May 2037 -J&D 1st & ref 4%s May 2037—J&D 1st & ref 4%s May 2037 O J&D Hon v g 4 %s 1949 ser A M&N Eq 5s 1938 O iyr) J&D Eq 4%s '38-'42iyr)ser A.M&N Ohic R I & Pac Ry— General gold 4s 1988 J&J Certificates of deposit Ref g 4s 1934 opt to 1911—A&O Certificates of deposit Sec 4%s 1952 ser A M&S Sec 4 % ser A certif of dep. 30-yr conv 4%s 1960 M&N Trustee ctfs 3%s 1947— — Chicago St Louis & N O— Con g 5s June 15 '51 J&D 15 Con g 3%s June 15 '51-J&D lj5 Mem Div 1st 4s 1951 J&D Chicago Term 1st jet 4s *41-M&N 6 Oconee Div 1st 5s 1945——J&D Cent New Eng 1st gu 4sl961 J&J/ Eq tr 4%s 1938-'41 as Chic Terre Haute & Southeast— 11% Eq tr 4%s '38-'40 ser piyr)M&S V6.50 Eq tr 4%s '38-'40serQ<yr)M&N 6[5.50 Eq tr 5s 1938 'yrly) J&P 6i5.50 L951—J&D Chatt Div gold 4s 11 11 Macon & ISTor g 5s 1946—J&J Mid Ga & Atl fst 5s 1947—J&J Mobile Div g 5s 1946 J&J Gen M 4s 1987 near Ask . Ref & gen 5%s 1959 ser B-A&O Ref & gen 5s 1959 ser O—A&O BONDS are 1st mtge g 4s 1957 '52. J&J on)_ gu---—J&J §i" 60] 605 65 Jan., 1938] RAILROAD 69 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 Harris Ports Mt Joy & lane RR Ext 4s 1943.... J&J 107 60 _. Hoboken Ferry 5s 1946 Hocking Valley Ry— .M&N ^ 120 ist tr 5s gold 434s 1999.—J&J 61.50 Bq cons 1938 (ann) A&O 1.00% 1.25% Eqtr 6s 1938-1939 (yr)—J&J 61.75 Holidaysburg Bedford & Cumb 100 1st M g 4s 1951 guar .J&J 25 Holyoke & West 4%s 1951.-A&O 40 Housatonic con 5s 1937....M&N Hudson & Manhattan— 1st gold 5s 1957 opt...—F&A 45 52 18 54 53 56 98 93 103 93 AdJ lnc up to 5% Feb *57-A&0 1st M 4%s 1957 cony P&A 99 93 57 47 19 Illinois Central— 1st gold 4s J&J 1951..— Coll trust gold 4s 99 5434 4234 1952...A&O ColtrLNO&Tg4s '53.M&N Ref mtge 5s 1955— M&N Ref g 4a 1955 opt 1918-.M&N Pur liens 1st g 3%s 1952. JtlstrefM (IO&OSL& N O) 5s 1963 ser A....J&D Series O 4%s 1963—J&D 50 49 4734 6234 33 3834 3434 40-year 4%s Aug 1 1966.F&A Bq tr 4%s 1938-1939 K..F&A 63.25 Bq Bq Bq Bq 39 45 36 Carlo Bridge 4s g 1950—J&D Litch Divlst g 3s 1951—J&J Louisv Div 334s g 1953—J&J Omaha Div 1st 3s g 1951..F&A St Louis Div 334b g 1951..J&J St Louis Div Jw g 1951—J&J 3.00% 3.00% 3.00% 103 k 82 65 80 80 80" 9734 17 86 94 102 ft 89 1st gold 5s 1940-—— Kan City Ft Scott & 95 11950—J&J Bqtr 534s 1938 (year)—M&S Ref & Impt 5s Apr 27 IV* 78 73 68% Lehigh & Lake Erie 434s '57.M&S Lehigh & New England— 1st M gold 5s 1945 J&J Gen mtge 4a ser A 1965—A&O Lehigh Valley Harbor Term Ry— 1st mtge 5s 1954 —F&A Lehigh valley— .■ 1st gold 4s 1948..—...... J&D Con M 6s ann irred J&D Con M 434« ann irred....J&D Gen cons gold 4s 2003...M&N Gen con go if 434s 2003—M&N Gen con gold 5s 2003....M&N Lehigh Valley Ry of New York 1st 434s gold 1940 J&J Lehigh Vail Term 5s 1941—A&O Lehigh & N Y 1st 4s 1945..M&S Lex & Bast'n 1st gu 5s 1965..A&O Lincoln Park & Charlotte— 5s 1939 61 61;75 1.00% 2.00% 108% 89 1 98% 97% 107" 95 99% 102% 95 110 94 95"" 59% 62 85 79 90 84 75 30% 2834 32% 38 39 52 75 117% 90 cons cons 57% 8434 62% 122 95 /Price includes accrued interest, 63 ft* Eqtr2%s 1938-1952——M&S 63.20 Prior lien 434s— Jan 1914 coupon on 1957.._. July 1914 coupon on 1957 July 1914 coupon off 1957— scrip receipt No 5 on 1977. / National RR of MexicoPrior lien 434s assent cash warr't & scrip ret No 4 on *26 / 1st con 4s (Apr1914 coupon on) 1951.... 4H 234 134 IK 2% 234 234 April 1914 coupon off—1951 scrip Assent cash warrant and 90 receipt No 4 on —19511? Naugatuck 1st 4s 1954.....M&N f 80 New Eng cons 4s 1945 gu J&J Consol g 5s July 1 1945—J&J/ NHav & No Ham 4s 1956 guJ&D / ' N J June 1st 4s gu 1986—..F&A r 11 8 12 J&J M&S F&A 87 22 A—A&O 63.50 6734 25 50 52 120 N J & N Y 1st ext 5s 1950—M&S General 5s Jan 1 1938—.. New Lon Nor 1st 4s 1940 J&J New Orleans Great Northern— 50-year 1st 5s 1983— 91 10234 J&J 57 10 65 12 97 101 52 76 35"" 36 54 51 1st 5s 1954 series B——.A&O f Certificates of deposit. f 1st M 534s 1954 series A..A&O ^ 35 Certificates of deposit 32% 1st 5s 1956 series O—F&A / 3534 1st M 434s 1956series D..F&A ' 30% &4.10 Equip trust 434s_....... Newport & Cincinnati Bridge—• 1st M g 434s 1945 guar J&J 63 Newport & Richfor Is 5s 1941 10-year 3%s sec s f 1946—A&O 3 %s conv secured 1952 M&N 82 Ref & ref 4 Hs ser A 2013—A&O 234 12 65 73 93 New York Central & Hud RivRef g 334s July 1 1997—J&J Deb 4s 1942 tax-exempt—J&J 9 2 2 94% 9634 6434 9534 64% 8134 75 L S coll tr g 334s 1998—F&A M C coll tr g 334s 1998...F&A 334s 1959—— N Y Cent 61.75 61.75 63.00 63.10 ..... . 49 24 2.75% 6834 New York & Erie RR— 1st 4s ext g 1947 M&N 2d ext 5s 1939— M&S 3d mtge 434s 1938 ...M&S N Y & Greenwood Lake Guar g 5s 1946 M&N N Y & Har 1st g 334s 2000..M&N N Y & Hob Py 5s May '46 J&D N Y Lack & Western— 74 62 9134 2.75% 1.50% 3.00% 10834 100% 83 102 55 .... 80 9334 General gold 4s 1941 M&S 99 General 1st 5s 1941. M&S 102 NY & NE Bos Ter 4s 1939—A&O / .... N Y New Haven & Hartford—: Deb 6s Jan 15 *48 conv..J&J15 / 20% Deb 4s May 11957 M&N/ 10 Deb 48 July 1 '55 non-conv J&J / 17 34 Deb 4s 1956 non-conv M&N / 1734 ...... 22^ 80 108% 100 1st & ref 4s ser A 1973...M&N 1st & ref 4 34s 1973 ser B—M&N New York & Long Branch- Equipment trust 5s 1.00' 1.25 2.30 104 17% 1634 1634 1534 34 20% Bquipt tr 434s '38-'46 (yr).J&J 64.50 ^ , 85% 97 J&D 1st 334s extend 1947 A&O 95% 3-year 6s Oct 11938 76% Ref 534s 1974 ser A A&O 70 Ref 434s 1978 ser C 77» M&S 6134 10-yr coll tr 4s 1946 F&A 90 Bquip tr 434s 1938-'44 (yr) F&A 63.60 3.56% Bquip tr 5s 1938 (yr)——.F&A 62.00 Equip trust 3s July 1 1938-'51 63.75 Nov 15 New York Connecting RR— 1st M 434s 1953 series A—F&A 107% 1st guar 5s 1953 series B F&A 10934 42 85 equip trusts— 5s 1938-1939-J&D 434s Mar 15 1938-'39 —M&S 434s 1938-1945. M&N 2%s Mar 151938-1952N Y Chicago & St Louis— 8 4034 It* Spuyten Duyvfl & Pt Morris— ■ iH 82 8234 64 _ 50 42 3234 3.00% 71 9134 8234 Equip tr 434s Sept 15 1938 to Mar 15 1945 (s.-a.)—M&S15 64.50 80 DecfJl — 15-year secured 6s 1940...A&O / 1st &Tref 434s 1967 J&D/ M&N 19 7434 Deb 4s 1947 non-conv...M&S / Deb 3%s March 1947 M&S Deb 3%s 1954 non-conv..A&O / Deb 334s 1956 conv.. J&J / Mobile & Birmingham— Prior lien 5s, 1945—......J&J Gen M g 4s 1945 J&J 30 45 New York Central RR— Cons mtge 4s 1998 ser A—F&A Ref & impt 4 34s 2013 A A&O Ref & impt 5s 2013 O A&O 21J4 Bquip trust 5s 1938 '40(yr)M&S Bq tr 434s *38-'44 F (yr)._M&N Mo Pac (old)—Gen 4s 1975.M&S 3d 7s ext to July 1938 at 2 80 40 31 40 95 9934 — 1734 Dee21!! Certificates of deposit 1st & ref 5s 1981 ser I—-F&A Certificates of deposit. Conv g 534s 1949 ser A M&N Secured 5%s 1937-1956—J&D 2534 3 :E:: Extended at 5% 1940.—M&N Ref & impt 434s 52 ser A.. J&J New Orl Term 1st 4s 1953—J&J New Orleans Texas & Mexico— Non-cum lnc 5s '35 ser A..A&0 102 95 104 21 „ Income deb 5s 2032 .J&J / New Orl & Nor East 6s 1915 22 Dec. 28 1st & ref 5s Jan 1965 A—F&A 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 IK " 86 Bq tr 4s 1938 s-a——J&D15 64.00 Nominal. 234 ——. 45 7 n 4 1% 234 234 scrip receipt No 4 on 1957Gtd gen s f 4s (Apr '14 cou " April 1914 coupon off 1077— 55 / M St P & SS M & Cent Term Ry96 lst Oh Ter s f 4s '41op'16. M&N k Minn Terminal 1st 3 34s *50--J&J / 50 Minn Transfer Ry 334* 1956-J&O 101 Missouri Illinois Bridge and Belt RR cons 4s 1951 75 .....J&J Mo-Illinois RR 5s 1959 J&J / 34 Mo Kans & Okla 5s 1942...M&S 90 Missouri-Kansas-Texas RR— Prior lien 5s 1962 ser A....J&J 45 Prior lien 4s 1962 ser B...„ J&J 3834 Prior lien 434s 1978 ser D.J&J 38 k Last sale 50 National Rys of Mexico- 2.75% 2.75% 62 31 4%..— It* 6534 , 98 30 J&J F&A It* 48% Assent cash warrant and 24 gold 4s 1938——J&J gold 5s 1938......J&J J&J J&J ser 10734 36 98 75 103 Nashville Chattanooga & St L— 1st M 4s 1978 ser A. F&A 86 1534 Eqtr 234s 1938-1952 ' 115 120 Montour RR 1st 5s 1963—.F&A Morris & Essex 334s 2000—J&D Constr'n 5s 1955 ser A...M&N Constr'n 434s 1955 ser B.M&N 95 1st cons 5s 1938 gu int 2d M gold 4s guar 1949 1st ref 6s 1946 series A 1st ref 534s 1978 ser B 25-year 534s 1949 Secured notes 5s 1938 10634 A&O Montana Wyoming & Southern— 1st mtge gold 5s 1939——M&S Montauk Ext 1st 5s 1945——J&J 85 1.25% 11134 76 4 99 60 Monongahela Ry Co— 1st mtge 4s ser A I960...M&N Monongahela Sou 5s 1955—.A&O 57 83 4, ,3,. A Basis. 90 18 Mo Kan & Tex (old company)— 1st gold 4s 1990 -J&D Mo Pacific RR (new company)— 70 28" 93k 30 Cons 6s 1934 t Mil Sparta AdJ M 5s Jan 1967 10134 10534 60 5% to 1940———A&O Valley— 5s 1943—A&O AdJ M Apr 1 '53 ser A—.Sept / AdJ 5s series 3 1953 Sept 1st 70 60 _ J&J Sept 1914 coupon on 1977-M&S Sept 1914 coupon off 1977 M&S 4s Asst(cash warr & coup).1977]/ Michigan Central— Ref & impt 4%sl979 ser O. J&J 8734 100 1st 5s Kaf & siH 1939—M&N 1st Mtge M Air L 4s 1940—J&J 92" 1st g 4s Jol & N Ind 1957-J& J10 103 1st gold 334s 1952 —M&N 55 Middlesex Val 1st 5s 1942..M&N Midi RR 4% franc bonds (Foreign series) 1960——J&D / 16 Midland of N J 1st 6s 1910 1st _ Lake Shore & Mich South—_ Cong g ref 334s 1997--—J&D Leamington & St Clair 4s '45 A&O Lehigh Coal & Navigation— See Industrial bonds. 10934 1934 75 Montgomery & Erie 1st 5s 1956— Minn St P & Sault Ste Marie— 28 81 76 . . 116 82 48 10534 Minneapolis & St Louis— 1st 7s *27 ext at 6% 1932—J&D / 101 1st consol gold 5s 1934...M&N Certificates of deposit...—1/ 1st refdg gold 4s 1949——M&S / 103% Ref & ext 5s Feb *62 ser A.Q-F/ Certificates of deposit / Minneapolis Northfield & Southern Ry 1st 6s *41. -M&S O ® HU5H 6 2.85 Bq tr 3s F Jan 1 1938-43 Kansas City Terminal Ry— 1st g 4s 1960 opt 1930 10834 J&J Kansas Oklahoma & Gulf— 86 1st M 5s 1978—— J&J 109 Kentucky Cent 4s g 1987 J&J Kentucky & Indiana Term RR Ist M 434s 1961 (sterling).J&J Acer int at exch rate 4.8665.. Stmpd accr int at rate 4.8665.. Plain 1961 ...J&J 1st mtge 434s ungar 1961 Lake Brie & Western RR— 91 1st mtge 5s ext at 3 % to *47 J&J 95 2d 5s 1941—— J&J 46 g Mil&State Line 1st 334s 1941. J&J Memphis— Ref g 4s 1936 guar A&O / Certificates of deposit...— t K C Mem & Bir 4s 1934—.M&S f Income 5s Mar 1934 ..Sept 1 / Kan City Sou—1st g 3s 1950 A&O Manitowoc Green Bay & Western 1st gtd 334s 1941———*J&J ext at 7934 1 1 56 80 1st ext 43481939 Con ext 434s 1939. 100 li 20 jg 99 1734 Mohawk & Malone— 1st guar g 4s 1991 ...M&S Consol gold 334s 2002—M&S Monon Coal—See Chic Ind & Lou Gen 6s 1955— Milwaukee & Northern— 92" J&J 72 2.75% 9134 ist mtge & coll 4s ser A '45 J&D Conv gen 434s ser A 1960-J&D Secured 6s 1959 1st ser—J&J Midland .... 103 103 Kanawha Br & Ter 5s 1948.A&0 Kana & Mich 1st 4s 1990—A&O 62 „ _ 38—J&J • 1434 99 96 96 Assent cash warrant and 1st g gu 5s Nov 1 1959—M&N Meridian Term 4s '55 guar.M&N Mexican International— 3.00% .... 5s 61 96 ... 18 5 28 2] Grand Rapids gtd 89 1.25% 2.25% 15 14 12 96 Bq 434s 1938-41 (yr)—.J&J15 Bq tr 5s 1938 (s-a)... .M&S Bq tr 5s 1938-39 (year)"...J&J Montgom Div g 5s 1947- -F&A 86 M Iowa Cent 1st g 5s 1938 J&D Certificates of deposit...— ' 1st & ref g 4s 1951 M&S Jacksonville & Gainesville & Gulf Ry 1st 5s 1951 6 A&O / Jackson Lansing & Saginaw— 1st 334s Sept 1 1951 Jacksonville Terminal— 1st 6s July 11939... 10334 102 Ref & ext 5s series A1967—J&J 99 Ref & ext 5s series B 1967—J&J 103 6s July 1 1967.— Jamestown Frank & Clearfield— Kal & Sou Haven—See Mich Cent Kalamazoo & White Pigeon RR J&J 4s '51.M&S 1st cons A 681963 A&O M'airfield & S'east—See Wis Cent Memphis Union Station Co— 15 92 1st 5s June 1 1944..—...J&D Kalamazoo Allegheny & io5" 87" Ask 12 ...M&S M&S Secured 5s 1938— .....M&S 104 Maryland & Pa 1st 80 Joplin Union Depot Co— 1st g 434s 1940 guar opt-M&N --j&j Sold 4s, 1952 63.50 Equipment trust 5s 63.50 Equipment trust 534s — — 85 Manila RR Sou Lines 4s '39.M&N 4s 1939 ext to 1959 70 Philippine Govt gu M&N 109 ff i$ » Gen gold 4s, 1938 Ref & impt 434s 1977 8434 ; N Term 1st g 4s '52 gu J&D Macon Dublin & SavannBih— Bid Bonds Mobile & Ohio— 11034 13 Maine Central¬ „ 1st g 4s 1959 guar... J&D Joliet & Northern Ind 4s 1957 J&J / 99 Long Dock cons 334s 1950—A&O Long Island— 83 Unified g 4s, 1949 —M&S 10034 Gen mtge gold 4s 1938-.—J&D Refunding mtge 4s 1949—M&S 85 4s stamped 1949-.——M&S Equip tr 5s 1938-39 (yr)—A&O 6 2.00 Equip tr 434s 1941-45 (yrJ.F&k 63.25 59 Los Ang-Pac Co ref 4s 1950—J&J 7034 Louisiana & Ark 6s A 1969-—J&J 63.75 Equip trust 334s to 1946..A&O Louisiana & North West RR— 18 1st M gold 5s 1935—-—.A&O / Louisville Henderson & St Louis— 109 1st mtge gold 5s 1946——.J&J Louisville & Jeffersonville Bridge 10634 Guaranteed gold 4s 1945—M&S Louisville & Nashville— Unified gold 4s 1940 —J&J 104 101 Ist & ref 5s 2003 ser B——A&O 9234 1st & ref 434s 2003 ser O—A&O 8834 1st & ref 4s ser D 2003—A&O 7734 1st & ref 334 s ser B 2003. .A&O Equipment trust 5s.—.——— 61.75 111 Atl K & Cin Div 4s 1955—M&N 10734 Pad & Mem Div 1st 4s '46 F&A South Bast & St Louis Div— 2d mtge 3s 1980——M&S 112 Mob & Mont 434s 1945-M&S Southern Ry Joint Monon coll 1st 5s 1947— ^ 1st M 5s 1972 opt M&N 1st 1 & ref 634s 1947. F&A Attentate Transf Ry 5s 1945. J&J _ Macon Terminal 5s 1965... -J&J 80 75 90 Sp'field Div est 334s 1951 J&J Western lines g 4s 1951-.F&A Indiana Bloomington & Western— 100 1st ext 4s 1940—... A&O Indiana Harbor Belt RR— 107 Genl mtge 4s 1957 —J&J 110 Gen mtge 434s 1957———J&J Indiana Illinois & Iowa— 1st gold 4s 1950. J&J Indianapolis & Louisville— 1st guar 4s 1956 —J&J / 1234 Indianapolis Union— 10034 Ref&imp M 334s ser B *86 M&S Interna t-Great North Ry— 1734 1st M g 6s 1952 series A...J&J / AdJ M 6s July 1952 ser A.April 1st M 5s 1956 series B J&J 1st M 5s 1956 ser O.——J&J Bq tr 434s 1938-42 (yr)—A&O Internet Rys (Central America)— 101 _ 2.50% 2.50% tr 4Mb 1938-1940 L—A&O 63.25 tr 4%s '38-'41 M (s-a).M&N 63.50 tr 434s 1938-41 Ser N.A&O 63.50 tr 3s ser R 1938-1952—M&S 63.40 Ask 99] 107 J Litchf & Madis 1st 5s 1959-M&N Little Miami guar 4s 1962..M&N Little Rock & Hot Spr West Ry— 1st gold 4s 1939 guar .J&J 66 118 Bid Bonds Ask H&Ha rtford. Harl R & Portch—See N Y N 6 4.50 Har Riv & Pt Ches 4s *54 M&N / N Y & N J Ferry 5s 1946.... J&J 7634 60 10034 10434 100 23 U* 23 25 24 35 30 , 21% 4.00% 4.00% 4.00% 78 70 BONDS RAILROAD NOTICEr—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 New York Ontario & Western-Ref 1st g 4s June 1992..—M&S f 8 5* Gen M g 4s 1955 red J&D / 55* N Y Pennsylvania & Ohio— Prior lien ext 45*«. 1950--M&S 100 N Y Phil & Norf—1st g 4s *39 J&J 101 Income 4s Jan 1 1939 M&N 100 Stock trust ctfs 4s 1948... J&D 99 N Y Prov & Bos 4s 1942 A&O / 975* NY & Putnam 1st 4s g 1993-A&O 593N Y Short Line 4s 1957——F&A 105 N Y & Stamford 4s 1958 M&N / 25 N Y Susq & Western— 1st refunding 5s 1937-----J&J / 16 2d mtge 4 5*s 1937 F&A / 95* Gen mtge. 5s g 1940—-—F&A f 75* Term 1st g 5s 1943 M&N / 43 N Y Westchester & Bos Ry— 1st M g 45*s 1946 guar—J&J / 4 Nord Ry s f 65*s 1950— A&O 97 y*. Norfolk & Oar 1st 5s 1939—A&O 102 5* 2nd 5s 1946 J&J 98 Norfolk Southern— 1st & ref g 5s '61 opt *15—F&A / 105* Certificates of deposit-—.-- j 105* Norf & South 1st 5s 1941. M&N y 50 1st gen g 5s 1954 opt——J&J / 24 Norfolk Term 1st gu 4s 1961M&N ' 103 Norf Term & Transp 5s '48F&A 112 Norf & W Ry 1st con 4s '96.A&0 119 5* Norrlst'n & Maine 1st 4s '52 M&S 103 Northern Central— Gen & ref 5s 1974 ser A—M&S 1195* Gen & ref g 45*s ser A '74.M&S 115** Northern Ohio Ry 1st guar 5s— 70 Oct 1 1934 & sub coups 1945.. / „ Oct 1937 and subs coupons Ctfs of dep stmpd as to sale / Jfi 104 102 l6d"" 120 125 119 70" 70 70 77 75 875* 98 80 1.25 2.00 70 2*|s 1938-1946-—J&J 62.75 2.00% 50 102** _ 95 23 — 103 11 11 108** Ohio Ind & Western 5s 1938-—— Ohio & Little Kanawha 5s '5CM&S Old Colony RR 4s 1938—-J&J / 1st M 6Hs 1944 -F&A 1st M 5s 1945 series B J&D 1st M 4**s 1950 series C—J&J Ore RR & Nav cons 4s 1946.J&D Ore Short line 1st 5s 1946—J&J 1st cons guar 5s 1946 -J&J 15 15 15 15 1175* 104** Pac Fruit Express—See Sou Pac— 82 Pac of Mo 1st ex g 4s 1938—F&A 2d ext 5s gold 1938— J&J / Cardelet Br 1st 45*s 1938- A&O 80 St Louis City real est 5s '38 J&J 103 Raducah & 111 1st 45*s 1955.J&J Paris-Orleans extl 5Ks 1968 M&S 91** j 6% franc bonds (foreign series) red to 1956——: —J&D / Paterson Extension 5s I960. J&D Paulista Ry 1st 7s '42serAM&S15 / 24 „ Pennsylvania Company— 28-year secured 4s 1963...F&A Gu tr ctfe g 4s 1952—...M&N Gu tr ctfe g 3**s 1941—-F&A Gu tr ctfs g 35*s 1942..—J&D Gu tr ctfs g 3**s 1944 J&D Pa & N Y Canal con 5s 1939 A&O Cons mtge 45*s 1939—...A&O Cons mtge 4s 1939-.....A&O 106 88 85 87 104 78 85" 70 80 80 70 Penn Ohio & Detroit RR— • 1st & ref 4**s 1977 ser A-.A&O .. 103** 1st & ref 4**s series B 1981.... 100 Pennsylvania RR— Con M 4s gold 1943 M&N 109** Con M 4s gold 1948——M&N 113 Con M 4s gold 1948 starling 113 stamped dollar —M&N 120 Con M 4 Ha gold 1960 F&A Gen g 45*s 1965 104** —J&D 111 Gen g 5s Dec 1 1968 J&D Gen M 4 **s 1981 ser D—A&O 100** 100 Gen M 45*s ser E 1984—J&J Deb 4**s 1970..A&O 94 Gen M 35*s ser O 1970...A&O Oonv deb 35*s 1952 ...A&O 30-yr secured 4s 1938-1964-J&J 6 Eqtr 5s 1938 (yr) M&S 61.25 Gen equip 5s 1938-39 (yr).A&0 61.50 Eq tr 4Ha 193839 (yr)—A&O 61.50 Eqtr 4s series E 1938-1949- J&J 6 3.00 Eq tr 2 5*s ser H '38-'52-M&N 6 2.75 Peor & East cons 4s 1940—A&O 2d cons inc 4s 1990 —Apr 1 \f "e"" Peoria & Pekin Union Ry— 105 1st g 5 J*s 1974 series A—.F&A 45 Peoria Ry Ter 4s '37 guop—J&J Pere Marquette Ry— ser A—J&J 1st g 5s July 1st g 4s July 1956 ser B—J&J 76 1st 45*s 1980 ser O——.M&S Equipment trust 45*s——— 63.25 Equip trust 2H* 193846—J&J 63.00 Perraomen 1st 5s. 1938—--Q-J 995* 97 Extended 1st 3**s 1951..J&J Phila & Bait Cent 4s 1951—M&N 100** Phila Bait & Washington— 1st gold 4s 1943 109** —M&N 106 Gen 4s April 1 1960 -A&O 114 Gen 5s 1974 series B—F&A 103 Gen M 4**s 1977 ser C— J&J 109 Gen 4**s series D 1981.. J&D 4.1V* 1045* 110 111 1165* 1125* 110 1045* lis"" 1165* 1045* 11 7 _ 1 1 • 40 • 114 114 VaRy— 1st M 45*s 1958 ser A....J&D 1st M 4**s 1959 ser B -A&O 1st M 45*s 1960 ser O A&O Eq tr 35*s Apr 1 1938-1946 Eq tr 25*s 1938-1946 J&D Pitts Young & Ashtabula— 88 83 108 505* BI" 6 4.00 6 4.00 1095* 1st gen 4s series A 1948—J&D 1st M 5s 1962 series B F&A 116 116 110 1st gen 5s 1974 series C—J&D 1st 45*8 series D 1977—J&D Portl (Me) Term gu 4s 1961.J&J Guar 5s 1961 J&J 116* 120 k 1055* 1115* 1015* 104 905* 89 3.75% 1.00% 1.00% 1.00% 1045* "75* 985* 55"" 102"" 5s 1939--J&J 75 935* 106 1075* 104 106 107 110 105 1025* 104 106 685* 42 F 195* 21 9** 11 89 11 J& * 95* J&J 90 45 J&J 103 16 14 105* 95 50 1095* 94 13 125* 125* 15 Gen & ref 5s 1979 135* 175* 135* 12* Gen & ref 5s 1980 Gen & ref 5s 12 12 10 94 98 93 1968——J&D Is Dec I 1996—J&D St Paul East Gr Tr 45*s '47—J&J / 1235* 114 115 .J&J 1st & ref 5s Bait Lake City Union Depot and RR 1st 5s 1938 M&N kjLast sale. n.Nominal, 835* 62.25 62.40 1.50% 1.75% 1.50% 62.25 62.4u 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&8 Spartanburg Union & Columbia— 1st 4s 1995— .J&J Spokane Falls & Nor 6s 1939.J&J Spok Internet 1st g 5s 1955-J&J Stark Elec RR 1st 7s 1952 J&D / Staten Isld Ry 45*s 1943 J&D Stephenville Nor & Sou Texas— 1st M guar g 5s 1940. J&J f Sturgis Goshen & St Louis Ry— 1st 3s Dec 1 1989 —J&D. I Suffolk & Oar con 5s 1952—.J&J f Sullivan Co RR 6s 1944 A&O Sun bury Hazleton & W-B— 1st M inc 6s 1938 coup-M&N Susquehanna Bloomsburg & Berwick RR 5s 1952——A&O Tampa & Gulf Coast— 1st g 5s 1953 .A&O / Tampa North 1st 5s '36 opt.J&J / Tampa Union Sta 5s 1940—M&N Tampa Un Term 4-6 5* s '53—J&J Tavares & Gulf 5s A1935—M&S jf Term RR Assn (St Louis)— 1st gold 45*s 1939 A&O 1st consol gold 5s 1944 F&A Gen ref s f g 4s 53 opt '10 -J&J Terre Haute & Peor 5s 1942.M&S / / / / / / 97 66 715* 2.00% 70 75 915* 925* 1977 ser 80 105 ser If* 28" 103 101 102 5 40 91 20 10 45" 30" 1065* 1065* 114 108 117 106 108 1085* 84 70 735* 105 HZ** 88 85 Eq tr 5s 1938-1939 M&N 6 2.50 Eq tr 4 Ha 1938-42 (yr) A&O 63.25 Eq tr 45*s 1938-43 (yr) F&A 63.25 Equipment trust 4s—... ... 63.25 1st mtge 4s ser B 1967. Toledo St Louis & Western— 16"" 105' 86 3.50% 3.50% 70 99 81 68 85 9 58 875* ... 2.50% 3.00% 1005* O—A&O D...J&D Tex Pao-Mo Pac Term RR— 1st M g 55*s 1964 M&S Toledo Canada Southern & Det— 1st 4s 1956. J&J 2.65% 86 B...A&O ser 3.50% 1st gold 4s April 11950 Tol Term 1st 45*s '57 gu 100 93 95* 25"" 00 11 101 102 97 85 a* 90 88 1.50% 2.50% 2.50% 2.50% 985* 97 104 mmmm _ 26 18 1185* 60 795* Toledo & Ohio Central— Ref & imp M 3 5*s ser A '60 J&D St Mary^ Div 1st 4s 1951F&A Toledo Peoria & Western RR— 295* I Dejpo 62 1.25% ' 67 80 17 60 145* St Paul & Kansas City Short Line 1105* 605* 82 J&J 47 Develop & gen M g 4s '56. A&O 62 Develop & gen 6s 1956 A&O 665* Develop & gen 6ks 1956--A&O 63.00 Equipment trust to5*s Eq tr 5s 1938-39 (s^a) M&S 6 3.25 Eq tr 4j*s Oct *38-'39 (s-a) A&O 63.75 §£5* / / Eqtr 55*s 1938-1939 (s-a) M&S 6 4.50 6 4.50 Equipment trust 5s Equip tr 45*s 1938-1945—J&J 6 4.50 St Paul & Dtiluth—• 1st guar 45*8 1941 F&A St Paul Minn & Manitoba— Pacific ext 1st 4s £ 1940—J&J St Paul Union 69 755* 625* 615* 61 83 62.00 Texas City Term 6s 1941 .J&J '26 Texas & New OrleansCons 5s 1943 .—J&J Texas & Pacific Ry 1st gold 5s 2000 J&D Southwestern— Mortgage 57 Stamped (Fed tax) 1955.J&J / I 1st g 4s 1989 —..M&N 2d g inc 4s Nov 1989 J&J / 1st term & unif 5s 1952...J&J Gen & ref 5s ser A 1990—-J&J 1st consol g 4s 82 55 75 605* Southern Pacific RR Co.— 1st ref g 4s 1955 opt 1910—J&J 975* Eq 45*s 1938-*41 BB (yr).F&A Equipment trust 4s 107 77 Texarkana & Ft Smith— 1st M 55*s 1950 guar.—..F&A __ St Louis 60 22 665* - , 105* 85* J&J St Clair Mad & St Louis Belt— Alton Bridge 1st g 4s '51—J&J St Johns & L Cham 5s 1944.M&S St Joseph & Grand Island— 9 Coll tr 4s (OP) Aug 1 '49—J&D 1st 4 5*s (Oregon Lines) Series A1977 —M&S 40-year 45*s 1968 M&S 50-year 45*s 1981 M&N 45*8 1969 with warr —M&N 10-yr secured 35*s 1946—J&J Equip 5s 1938-1939 (yr)._M&N Eq tr 45*s 1938-40 (yr) J&D Eq tr 45*s 1938-41 (yr) J&D Pacific Fruit Express— Eq 5s 1938-39 C (yr) M&S Eq 5s 1938-41 D (yr)—A&O Southern Pacific (Golden Gate Ferries) 1st 5Ha 1949——A&O mm 93 118 ... 45 1st guar 45*8 1934 —M&S / Rock Island-Frisco Term Ry— 1st M 45*s 1957J&J Rutl Can 1st g gu 4s 1949 J&J 2.10% 2d ext'd 5s 1945— —J&J 103 Shrev Bdg & Ter 5s '55 gu—.F&A 88 Sioux City & Pac 3 5*s 1936—F&A / 15 Somerset Ry 1st & ref 4s '55—J&J 45 1st M 4s July 2 1950 50 J&J South Bound RR 1st 5s 1941 A&O / 19 ~ 2.40 1.25 Rio Gr West 1st 4s 1939 J&J 1st coll tr 48 1949 opt A&O Rock Island Ark & Louisiana— St Lawr & Adirond 5s 1996—J&J 2d gold 6s 1996—— A&O St Louis City see Pac of Mo St Louis Iron Mt & Sou— Riv & Gulf Divs 4s 1933-M&N Certificates of deposit St L Peo & N W 5s 1948 J&J St Louis-San Francisco Ry— Prior lien 4s 1950 series A. J&J Certificates of deposit....— Prior lien 5s 1950 series B.J&J Certificates of deposit—. Cons in 45*8 1978ser A—M&S Certificates of deposit stpd— 90 Southern Railway— 1st consol g 5s-1994.. Reading Belt 1st 4s 1950 M&S Reading Company— Jer Cent 4s '51 opt *06—A&O Gen & ref 45*s 1997 ser A..J&J Gen & ref 45*s 1997 ser B J&J Eq 4 **s 1938-'45 (s-a) M&N Equipment trust 5s ........ Philadelphia & Reading RR— Imp M ext g 4s 1947— .A&O Extended 45*8 Oct 11943— Term 5s g gu May 1 '41 Q&F Rensselaer & Saratoga— 6% g bds May 11941 M&N Rich Fredericksbg & Potomac— Cons mtge 4 Ha 1940 A&O Richmond & Mecklenburg— 1st g 48 Nov 11948—...M&N Richmond & Petersburg— 2.25% 61 98 Raleigh & Augusta Air Line— 1st 5s 1931————J&J Ral & Gaston 1st 5s g 1947— J&J Raleigh & S'port Ry 5s '65—J&D 4s stamped 1949—... Rutland con 4 5*s 1941 45*s stamped 1941.—. 96"" 103 94 Portland & Rumford Falls— 5s 1951—— —M&N Port Reading 1st gu 5s 1941—J&J Potomac Val 1st gu 5s g 1941-J&J Prov Sec deb 4s 1957 gu—M&N Prov Ter 1st g 4s gu 1956..-M&S Prov & Wore 1st 4s 1947 A&O 55* Seacoast RR prior lien 5s '48- A&O ShamoJdn Sun bury & Lewisb'g— Southern 111 & Mo Bridge Co— 1st M g 4s 1951 M&N South Indiana 1st g 4s 1951—F&A / Southern Pacific Co— , 945* 55* 45* 45 60 102 305* 45* South & North Alabama— Gen cons gu g 5s 1963 .—A&O 1105* 9 el* Certificates of deposit — / 3aboard & Roanoke 5s 1931.J&J / 78 70 3.00% 3.00% 9 1st gu 6s 1935 series A—..F&A Certificates of deposit f 1st gu 6s 1935 ser B F&A 3 F&A F&A / 105"" 12 5% secured notes 1931——F&A f Receiver ctfs 2-3 5*s '45—.F&A Atlanta-Birmingham Div— 1st g 4s May 1 1933 .M&S / 117 1st gold 5s 1940.....--..A&O Cons 1st g 5s July 1 1943..J&J Pittsb Term RR & Coal— 1st g guar s f 5s 1942 J&J Pitts Va & Char gu 4s 1943-M&N / This price includes accrued interest. 110"" 1115* - 825* 2ft A&O A&O, 1105* F&A 1st gold 4s 1947 „ # Basis. 1st gold 4s 1950 Stamped 4**s 1940 -A&O 109"" Richmond Term 1st 5s 1952.J&J 94 Richmond-Washington Co— Coll tr g gu 4s 1943 opt.—J&D Rio Gr June 1st gu 5s 1939.-J&D 26 Rio Gr So 1st g 4s 1940 35 J&J 1st g 4s guar 1940 J&J 795* 100 103 103 103 102 Scioto Val & N E 1st 4s 1989M&N Seaboard Air Line Ry Co— Adj mtge 5s Oct 11949—F&A / Ref gold 4s 1959 opt. -A&O Certificates of deposit. 1st & cons 6s 1945ser A...M&S Certificates of deposit..—- Cons . 102** 102 ---- 11Q5* 1st s f g 5s 1959— J&D Pitts Shenango & Lake Erie— Raritan River 1st g Ogdensburg & Lake Champlian— 1st guar g 48 1948 J&J / 4s stamped 1948 —J&J Ohio Connecting 4s 1943 M&S Oregon-Wash RR & Nav— 1st & ref g gu 4s *61 opt—J&J 1st gold 5s 1949— Gold 4s Feb 1 1952 20 1135* Northern— Pitts Shawmut & 935* 75 1085* 1105* Pitts & West Eqtr 45*s 1938-'40 (yr)M&S15 6 2.00 Eq tr 25*s 1938-1947 M&S 6 2.75 Eqtr 115 Pittsburgh & Shawmut— 615* 74 5* 87** Nor RR of N J gen 4 5*s 2000- J&J No Ry of Oal 6s g gu 1938A&0 North Pennsylvania RRr— Gen g 3 3-10s 1953— J&D Northwestern Terminal RR— 1st M 5s 1977 —An .-Apr 6s 1948Norwich & Worcester 4 Ha '47M&S J&J Pitts Oin Chic & St Louis—' Con g gu 4 **s ser A 1940-A&O 6% receivers' ctfs 1927 92 J* Ref & imp 6s 2047 ser B J&J Ref & imp 5s 2047 ser O...J&J Ref & imp 5s 2047 ser D-. J&J 11 92 IV* 70 Northern Pacific— Prior lien g 4s Jan 1997—-Q& J Gen lien g 3s Jan 2047——Q&F Ref & imp 4 5*s 2047 ser A.J&J 105* 90 45*s series B 1942.......A&O 115* -II Piedmont & Northern— 1st mtge 35*8 1966—J&O Pitts Bessemer & Lake Erie— 45*s series O 1942.......M&N 4s series D 1945— M&N 35*8 series E 1949 F&A 4s series F 1963........-J&D 4s series G 1957.M&N 4s series H 1960 .....F&A 45*8 series I 1963-——F&A 45*s series J 1964..—..M&N Gen M 5s 1970 ser A J&D Gen M 5s 1975 ser B— A&O Gen M 4**s 1977 ser O J&J of Apr *33, Oct *33 & Apr'34, '45 jr Stamped as to sale of Apr 1 '33 to Apr 1 1937 coupons— / Philippine Railways— 1st p 4s 1937 s f oPt gu—J&J Ask Biu Bonds Salt Lake & Ogden 5s 1934 f 10 San Antonio & Aransas Pass— 1st guar g 4s 1943——.J&J 81 San Fran & San Joaquin Val— 1st g 5s Oct 11940A&O 109 San Fran Term 1st 4s 1950—A&O 103 Santa.Fe Prescott & Phoenix— -j 1st g 5s 1942— —M&S 1125* Schuylkill & Leh 1st 4s '48.M&N 100 Phila & Chester Val 4s 1938.A&0 Phila Newton & N Y 3s 1942 A&O 985* Phila & Reading RR—See "Readi ng Co. Cons gold 5s 1947— 65"" Ask Bid Bonds Ask 119 mmmwmm 102 83 93 J&J A&O M&N Tol Walhouding Valley & Ohio— 1st g gu 4s 1942 ser O—M&S Toronto Hamilton & Buffalo— 1st gold 4s June 1 1946 J&D Consol M 45*8 1966 ser A.F&A Transylvania RR 1st' 5s 1956.J&J Tulsa Un Dep 1st 45*s '59—J&J M 000 95 £ 88 110 104 1035* 90 42 103 915* JAN., 1938] RAILROAD NOTICE—All bond prices are Quotations for all securities Bonds and Stocks Bid Union Depot (Columbus, Ohio) Gen 4%s 1946-_ J&J Union Pacific— are as 103 1st & ref 5s June 2 2008 114% 92% 92% 107 M&S 35-year 3%s debs 1971—M&N 34-year 3%s debs 1970—A&O Eq tr 2%s ser E 1938-52--J&J Eqtr 4%sl938 (yr) M&N Eq 4%s Sept 15 W-'ZQM&aU Union RR (Penn) 1st 5s '46.M&8 b 2.65 b 1.25 b 1.75 115 M&S 129 Union Terminal Co (Dallas) 1st mtge 3%s 1967 F&A United N J RR & Canal Co— Atlan & Char Air L 98 M&S M&S 109% ..M&S 91 88 A...F&A 109% M&N 110 Vera Oruz & Pacific RR— 1st guar 4 %s unassented July 1914 July 1914 coupon 1% 1% coupon 85 90 103 59% b 2.00 1.25% b 1.30 1.00% 69% 50% 34 M&N 68% 12% «¥A 95 Certificates of deposit...... 13 Dec. 30 100 100 95 95 Equipment trust 5%s Equipment trust 5s Eqtr 4%s 1938-43 (yr)...A&O Pet & Chic ext 1st g 5s *41.J&J 4s 100 94 52 69% 1939."J&J i Toledo & Chic 4s g 1941—M&S / Omaha Div. 1st 3%s g '41.A&O 40 25 12 14 12% 10% Nov. 29 Mar 1 49 Washington Co Ry 1st g guar 3%s Jan 1954 opt 1924 J&J Wash & Frankl Ry 1st 5s '39. J&J Wash Term Co—3%s 1945..F&A 1st gold 4s 1945 guar F&A Washington & Vandemere— 1st 4%s 1947 ——F&A West Shore 1st 4s 2361 J&J West Virginia & Pittsburgh— 53 102% 107% 109% 80% Jk.75 905 92 955 M 97 1st & ref 5%s 1977 ser A..J&J b 2.75 Equipment trust 4%s b^2.00 107% Equipment trust 5s West N Y & Penna 4s1943. A &0 Western Pacific RR Corp— 1st M 5s 1946 series A Assented 5s 1946 ' b 4.50 b 4.50 2%s trustees ctfs Dec. 1 1938— Western Pocahontas 4%s 1945.. Western Ry of Ala 4 %s '58--A&O i Jt Wheeling & Lake Erie RR— 98% 99 85 35 40 4106 1st g gu 4 %s 1941 opt M&N Wilkes-Barre & Eastern— / 6% 1st guar g 5s 1942 ..J&D Wilkes-Barre & Scranton Ry— 95 1st 4%s May 1 1938 Willamette Val Southern Ry— / 10 6s 1939 F&A Willmar & Sioux Falls 101#n 1st guar g 5s 1938—....J&D Wilmington & Newborn— Marshfield & S'eastern div 101% 89 99% -108 . 97 a 108% :::: 109% 109 , ' 15% 13 20 18% 10 6% 7% 4s 1951 M&N Worcester & Conn Eastern Ry— Eastern 1st gold 4%s 1943 J&J / Yonkers Ry see "P U" bonds— Vomits Vail • f g 5s 1936—J&J / preferred Erie & Pitts (guar Pa RR)— 50 45 5% 12 7 Illinois Cenc/al 100 100 Stk tr ctfs—See RR Secure Co Internat Rys (Cent Am) com _♦ 5% preferred 100 Joliet & Chic (guar O & A)...100 Kal Allegan & Gr Rap (gu)—100 K O St L & Chic—Pref (gu)—100 Kansas City Southern ....100 4% non-cum preferred— 100 Lackawanna RR of N J —100 Lehigh Valley.... 50 Preferred 45 42 11% % 1nM 105 1 11 nM 52% 2% 4% 100 100 Pennsylv (gu P & R)— 50 % 190 104 140 85"" a* 94 80 43 Paterson & Hudson River.... 50 43 Pennsylvania RR Pennroad Corp v t 50 5% preferred —.100 5% prior preferred 100 Phila Germ & Norris (guar) 50 Phila & Trenton (gu Pa RR).100 Piedmont & Northern .... * Pittsburgh Bess & Lake Erie.. 50 Preferred "— pref (guar Pa RR) _ 105 150 108 160 85 90 77 80 47 50 6 7 10 7% ~9% 100 85 95 3% 6% 39% 3% 7 41% 94 97 178 185 15 14 6 6% 39 42 1% 47 2 52 4% "'% 45 75 48 63 67 6 6% 9% 10 7 42 50 65 59 64 173 178 69 12% 21% 40 4% 15 13 21% 64% 5% 16 1% 4% 9% 1% 5% 9% 17 18 38 39% 3 37 3% 38% 130 68 95 120 60 85 i?* si* 43 46 5 50 30 Little Miami original guar— 50 Spec guar betterment stk— 50 47 95 urgh & Lake Erie 100 50 33 142 245 45 37 74 105 100 100 165 60 Portland & Ogdensburg Prov & Worcester (guar) Railroad Securities Co— 3% 11% 50 Pittsburgh & West Virginia—100 Pitts Youngs & Ashta 7% pref 100 172 57% 12% 154 ...100 15 ...100 74 14 % 111 Cent stk ctf 1952—1000 Reading Co 50 4% non-cum 1st pref 50 4% non-cum 2d pref 50 Rensselaer & Saratoga (guar). 100 25 Rich Fred & Potom—com 5% 18% 23% 62 100 99 Dividend obligations —100 6% guaranteed... 100 7% guaranteed 100 Roch & Genesee Val RR.....100 Rome & Clint (gu D & H) 100 Rutland 7% preferred 100 99 160 200 70 St Louis Bridge 1st pref.....100 139 2d preferred 100 St Louis-San Francisco Ry 6% non-cum 5% 50 2 69 100 1 preferred-——100 2 St Louis Southwestern ii% i» 21 104 100 ... Pitts Oin Chic & St Louis Pitts Ft W & Chic com (gu) 65 60 4 1 c Peoria & Bureau Val (guar)..100 Peoria & Eastern 100 Pere Marquette Ry com .100 2% 100 Non-cum 6% pref series A Leased lines (guar) 35 100 Ogden Mine RR (gu On N J) .100 Old Colony (gu NYNH&H)—100 Oswego & Syrac (gu D L & W) 50 Gulf Mobile & Northern com. 100 6% preferred 100 Hudson & Manhattan... 100 5% non-cum preferred.——100 .——100 preferred Norwich & Worcester pref 100 Ft Wayne & Jack pref (guar) .100 Georgia RR & Bank Co (gu)-100 Great Northern Ry— Iron Ore Prop trust ctfs * Preferred (capital stock * Green Bay & Western 100 conv North non-cum — 14 17 7 £ non-cum preferred... 100 108% East Penna (guar P & R) 50 Elmira & W'msport (guar) 50 7 Preferred (guar Nor Cent). 50 Erie—Common 100 100 4% non-cum 1st preferred 100 4% non-cum 2d preferred—100 Erie & Kalamazoo "(guar)..— 50 87 1st gold 4s 1947 F&A Wilmington & Nor 4%g '77--J&D 5% 6% 37 100 50 Ry ..100 Adjust 4% non-cum pref 100 No Carolina (guar Sou RR)—100 Northern Cent (guar Pa RR)_ 50 North*n N H (guar B & M)—100 Northern Pacific Ry ...100 North RR of N J (guar Erie) .100 100 Duluth South Snore & Atl——100 6 % preferred series A N Y & Harlem com (gu). Norfolk & Western 4% non-cum preferred——100 Milw St P & Pacific— Dayton & Mich com (guar) 50 Preferred (guar O H & D)— 50 100 New Orleans Great Northern.100 New Orl Texas & Mexico 100 New York Central RR * N Y Chic & St Louis com....100 7% 4% preferred 100 Chic Ind & Louisv common—100 Conn & Passumpslc pref 100 Consol Rys of Cuba 6% pref. 100 Cuba RR 6% non-cum pref. .100 8 1% 2% 100 N Y Ontario & Western Norfolk Southern 6% preferred 100 Chicago Great Western com.-100 ^ Common \5% non-cum preferred % 1% 2% 2% 111 100 Delaware & Bound Br (guar).lOO Delaware & Hudson Co 100 Delaware Lack & Western— 50 Delaware 25 Denv & Rio Gr West 6% pref. 100 Detroit Hills & 8W (guar).—100 Detroit & Mackinac Ry 100 4 J&J Sup & Dul Div 4s 1936 M&N Certificates of deposit.... 3.50% 3.50% 99% 103 Wichita Falls & Sou 1st 6s '38 J&J Wichita Union Terminal Ry— Gen 5a 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.. 1st & ref 4s 1959 ...A&O J!* 1 107 110% Ref mtge. 4s ser D 1966..M&S 1st consol gold 4s 1949—M&S Wheeling Term 4s 1940 F&A White & Black River Valley— 1st 5s 1980 \ll% 18% . Equipment trust 5s...—. Eqtr5%s 1938 (yr) J&D 2.00% 18 .M&S ....... 5 82 75% J 84 1st g s f 4s 1990 A&O West Fruit Exp—See Gr Nor Western Maryland 4s 1952.A&0 3% 3% 100 Chicago & North Western——100 7% non-cum preferred 100 Chic R I & Pacific common—100 7% preferred -—100 6% preferred -100 Gin New Orl & Texas Pacific—100 Preferred 100 Cincinnati Sandusky & Cleveland 6% non-cum preferred 50 Oin Union Term 5% pref 100 Cleve Cine Chicago & St L—100 5% non-cum preferred 100 Cleve & Pitts (gu Pa RR) 7% .50 50 Special guar 4%—— Colorado & Southern 100 4% 1st non-cum preferred.-100 4% 2d non-cum preferred—100 Columbus & Xenia (guar) ..50 preferred New London Northern <t)hlc Q-Mar ""% 100 Original Unstamped Nashv Chatt & St Louis ..100 National Rys of Mexico— 1st 4% non-cum pref 100 2d 5% non-cum o tferred—100 Chesapeake & Ohio common—25 \ 8 51 45 Nashville & Decatur— — 12% conv ♦ 900 1 100 4% non-cum preferred 100 Mobile & Ohio—See Southern Ry Morris & Essex (guar) 50 100 Preferred series A .....100 7% 80 Mobile & 1 2d pref (guar P & R) ----50 Cayuga & Susq (gu D L & W)_30 Central of New Jersey 100 Chesapeake Corp * 70 97 1948 5% 5% class A 100 8% class B 100 7 % class O—-. .100 10% class D 100 4%% class E...100 stamped 100 Mo-Kan-Texas RR com.... 7 % preferred series A Missouri Pacific com Catawissa RR—1st pref (guar).50 50 Washington Central Ry4s Common 50 50 Mississippi Central 6% non-cum pref stamped—100 Bost & Prov (guar Old Col)—100 Camden & Burl Co (guar)—-25 Canada Southern -100 Canadian Pacific 25 Car Clinchfield & O unstmp—100 Po* Certificates of deposit.. Warren 1st ref g 3%s 2000—F&A pref pref pref pref pref 50 100 4% leased line ctfs Chicago Burl & Quincy .100 Chic & East Illinois common.100 12% Wabash Railway Co— Ref & gen 5s 1976 ser B..F&A Certificates of deposit— Ref & gen 4%s 1978 ser O.A&O Certificates of deposit.. Ref & gen 5s 1980 ser D..A&0 1st 1st 1st 1st 1st 1st 550 50 50 Minneapolis & St Louis 100 Minneapolis St P & S S M—100 7 % non-cum preferred 100 partic pref... Boston & Alb (guar NY C)—100 Boston & Maine common 100 Unstamped— 1st pref 5% class A.....100 1st pref 8% class B 100 1st pref 7% class O 100 1st pref 10% class D....100 1st pref 4%% class E...100 6% non-cum preferred 100 7 % prior preferred 100 Stamped— Common 50 50 100 Mill Creek & Minehill NavigMinehill & Schuyl Hav (gu).. (guar)—-100 85 20 100 100 Preferred 4% non-cum pref 100 Bangor & Aroostook com —50 5% conv preferred 100 Beech Creek (guar N Y O)—50 Belgian Nat Rys Co— 105 2d gold 5s 1939 F&A Deb mtge 6s series B 1939.J&J 1st lien term gold 4s 1954. J&J Ref & gen 5%s 1975 A...M&S g 5% preferred Massiwppa Valley Michigan Central Mtddl ..nd Valley common Baltimore & Ohio common—100 70 104% A&O 1st lien & ref 3%s A 1966.M&S Eqtr4%B 1938-1940 (yr)—J&J Eqtr 5s 1938 (yr) M&N Des M Div 1st 19 90 J&J Wabash Railroad Co— 1st gold 5s 1939 72 15% M&N 1st cons g 5s 1958 Virginian Ry— 100 70 Prlien 6s '15ext 5% *40—M&N Gen 5s May 1 1941 M&N _ Decflo 98 Vicksburg Shreveport & Pacific— ref & impt 5s 1973 Va & Southwest 5s 2003 - Maine Central American shares J&J1934 off J&J 1st guar 4 %s assented— Cash war & scrip ret No. 5 on Vermont Vail 1st 4%s 1940- -A&O Vicksburg Bridge & Term Co— 1st M s f 6s 1958 M&S Debenture s f 7s 1948 M&S • 46 100 Lykens Valley RR & Coal... Mahoning Coal RR Pref (guar L S & M S) Bait & Cumberland 7 107% 106 Bid Louisville & Nashville Augusta & Savannah (guar)—100 % gu—-50 111 116 Par Ask Atlanta & West Point-. 100 Atlantic Coast L Co of Conn.-50 Atlantic Coast L RR com 100 116 1st 4%s Feb 1 1973 F&A Gen 1st g 3%s 1951 M&S Utica Clin & Bing 5s 1939—J&J Vandalia RR— Cons g 4s 1955 series Series B 1957 97% 92% 2.00% 1.00% 1.00% Stocks Lit Schuyl Nav RR & Ooal(gu) 50 Louis & Mo Riv pref (guar>-.100 Bid STOCKS A1 Great Southern com—.—50 Preferred -50 Alabama & Vicksburg _gu 100 Albany & Susquehanna (gu)-lOO Alleghany Corp common 5%% pref (with $30 warr).10O 5% % pref (without warr)_.100 5% % pref (with $40 warr).100 2 % % prior conv pref— Allegheny & West (6% guar)-100 Atchison Topeka & Santa Fe.lOO 5% non-cum pref —100 Atlanta Birm & Coast pref—100 RAILROAD 113% 1st 4%s Sept 1 1979 General gold 4s 1944 1st 48 Sept 1 1948 Par Stocks Ask 1st ry & land gr 4s g 1947—J&J 1st & ref 4s June 2008 M&S Deb 8s 1946 n BONDS 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 "and 100 100 9 Saratoga & Schenectady (gu).100 Seaboard Air Line common.. * 100 non-cum 4-2% preferred 5 non-cum preferred Sharon Southern Pacific Co Southern Ry common ....... 100 50 100 .....100 5% non-cum preferred 100 Mob & Ohio stk tr ctfs....100 Southwestern of Ga (guar) Tennessee Central.. 100 * Preferred 100 Texas & Pacific Ry 100 Troy & Gr'bush (gu N Y C)_. 50 Tunnel RR of St Louis—....100 ..... Union Pacific—Common.....100 4% non-cum preferred 100 United N J RR & Canal (gu).l00 Utica Chen & Susq Vai(gu).100 Utica Clinton & Binghamton.100 Preferred —.100 Valley RR (N Y) (guar).....100 Vermont & Mass (guar) 100 Vicksb Shrevep & Pac com 100 5% non-cum preferred—100 Virginian Ry common.......100 6% cum preferred— ...100 Wabash Ry 18 M 24 55 7 86 17% 45 139 §1% 80 232 57 13 45 60 100% 53 56 146 114% ion preferred A..I100 pref B—100 Warren N J (guar D L & W). 60 West Jersey & Seashore (gu). 50 Western 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 6% % cum-conv preferred.-100 5% 5% % 40* if* non-cum non-cum conv J* 57 4 65 6% 1% 2% 85"" I • t No par value. t Quotations represent Ex-dividend. ■f dollars per $100 face amount, b Basis. /This includes accrued interest. A Last sale. » Nominal. bond NOTICEr—All prices are "and interest" except where marked "P 1956 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 Stocks and Bonds Bid Par Stocks and Bonds Ask 12.06 Administered Fund 2d Inc.....-* Affiliated Fund com...—...125 Sec conv deb 5s 1944-47—J&J Air Investors Inc vtc * Convertible preferred Warrants 4.22 Per Aldred Invest Trust (Mass)— Deb 454s with com shs 1967— Aldred Investment Corp (Can)Deb 43^s with com shs 1968— Alliance Investment com * Allied Int Investing Corp com..* 53 Dec. 23 Dec.1!! S3 convertible preferred * Units Amer Bankstocks Corp * American British & Continental— Common * 18 H —.—-—* Class B 4 8 Coll tr $254 preferred S3 preferred ....— 8054 9154 6 2 51 41 7Vs 4154 .......... 4 2 Deb 5s series A 1958 23.02 13*4 96 3.85 F&A 1 $1.50 654 ...... Cent-Illinois Securities Corp 36% 44 66 10 * 1 * 76 1 Class B Christiana Securities Proforrcd Oleve Securities 4-6s «<o 21.35 * * 2 3154 1706 130 100 1943.J&J Commonwealth Investment 3.25 1 1 Commonwealth Securs common.* Preferred 100 Consolidated Invest Trust com.l 16 2754 40c Warrants 7 Continental Secur Corp com * 5% preferred 100 Debenture 5s May 1 1942—— Continental Shares com * 40 75 20c 6% preferred 100 Corp Securs 5% notes 1935.M&8 / Corporate Trust shares old ser—1 6 54 , Accumulative series AA (modified) AGO 654 354 2.07 2.44 10 ...—100 Gram & Forster Insursh B.....10 25 22 114 25 Orum & Forster Inc com 8% preferred 7% cum Cumulative Trust Shares 28" 109«, .....100 preferred 4.25 1.50 ...-* Deposited Bank Shs N Y ser A—1 Deposited Insur Shs. ser A....1 2.31 ......1 Diversified Trustee Shares O shares -----1 D shares ..........2.50 Dividend Shares 25c 3.35 ..... 5.05 1.15 Domestic & Foreign Investors—■ Deb 554 s 1947F&A / Eastern Utilities Investing Corp— 5.60 1.25 , Fund A-l Economic Inv Tr Ltd 5sA'57M&N Elec Shareholdings Corp com—1 $6 conv pref with warr—....* Equitable Invest Tr (Mass)..—5 Equity Corp common 10c fft conv preferred—.........! No par value, e Ex-coupons. 6 36 38 29c 1 * ..._* * 69c xl.15 1.27 454 15.91 , 654 IH 154 37 654 preferred —100 6% preferred 100 Interstate Equity common...—1 Investors 36 25 Preferred Keystone Custodian Fund B-2—* .............. ... Series S-4._ Larkins Warr Trust 1803 254 78 27 68 % 27 /Flat price. ._* ...1 Preferred 1 Oklahoma County Trust...—.10 Oklahoma Southern Trust....... Old Colony Invest Trust— Common ..* Debenture 454s Feb 1 1947 Debenture 454s Dec 15 1952... Old Colony Trust Assoc.— * Overseas Securities Co * Deb 5s Nov 1 1947 M&N Deb 5s April 1.1948 A&O Pacific Investing Corp— Deb 5s 1948 Series A J&J Pacific Southern Invest pref.. Class A_. Class B * ♦ Pub Util Sec 7% preferred * Quarterly Income Shares 10c "% deb series A Railway & Light Securities com.* Conv coll tr 454s series "11" 1955 A&O 1 Preferred...: ♦ Reliance Internat Corp com A 10c Preferred * Common $5 conv .........1 1 preferred ......... 10 ._ Selected Industries —* * 5 com $5.50 prior stock Conv preferred Allotment certificates.. Shawmut Association * Shawmut Bank Inv Trust— 454s Mar 1 1942 M&S 5s March 1 1952— M&S Shenandoah Corp common..—.1 $3 convertible preferred 25 Solvay Amer Corp 5 54 % prf—100 Sovereign Invest. Inc., com..10c Spanish & Gen Corp Lta— Am dep rets ord reg £1 36 9.85 Corp com..* $5.50 preferred Deb 554s 1939 w w__ ..* F&A 15 Standard utilities Inc State St Investment Corp 54 22 21.94 14.72 14.58 29.47 13.25 4.44 * Standard Amer Trust Shares....1 Standard Investing 23" 97 Starling 16.08 15 56 10.37 14.52 4.92 354 254 Securities ...50c common * A * Common B $1.20 preferred $3 1st pref cum conv 50 Suburban Elec. Securities......* $4 cum 2d preferred .* Su^aMCarp of Amer class A Class B 2 IIIIIIIIIIII1—2 Class BB 6.11 Class O...—...............3 Class D 19-72 10.85 Na 'I'n al Bond & Invest com.._* 1454 78 Third National 4.75 454 5s conv deb 1953 J&J Trusteed Amer Bank Shares B 25c Trusteed Industry Shares 25c Trustee N Y Bank: Shares....50c 1.28 12.47 Trustee Stand Invest ser C.....1 Class D_. 1 Trustee Standard Oil shares A..1 Series B_ ———...1 Union Investment common ♦ ...— ...............— ............ 3.08 1.15 11.60 8.41 8.27 7 01 7.89 8.35 7.60 7.77 7.64 7.29 7.72 7.02 8.18 8.65 ... $6 cum 9454 ..........-.5 J* preferred ; 100 North American Bond Trust Gtfa_ North American Invest Corp— 4s I: Last sale, n 1951 Nominal, U S Banking Corp J&D Light & Pow tr ctf A Trust ctfs series B.......... Voting shares U S & Foreign Securities com..* $6 1st preferred International Sec.——.* 1st pref with warrants... .* Utility Equities Corp.— 5 Utility & Industrial Corp 5 Convertible preferred 7 9154 Sept.20 5354 88 at Ex-dividend, ...» U S Elec Conv preferred 1950-——M&N B common „ 98 554 Niagara Share Corp (Md)—Conv deb 554s , Conv deb 5s 1946... M&S United N Y Bank Shares 03—* United N Y Trust Shares ser F__* U. S. & 7.17 7.55 91 y ft" ....... 9 13 7 76 8.17 8.44 Railroad equipment Steel stocks ....... ....... 6.47 Building supplies Electrical equipment 3 ......... Supervised Shares Investors...—.1 Tri-Continental Corp.. 42 6% cum preferred Warrants 1.96 .100 $5.50 preferred 1 National Republic Invest Trust Conv preferred ——* National Trust Shares— Remodified —....-1 Nation W ide Securities Co 25c Voting shares New England Fund ......1 N Y Bank Trust Shares.—..1 New York Stocks, Inc.— Agricultural—............. Bank stocks 41! * $6 preferred • Selected Amer Shares Inc ——254 Selected Income Shares...— Massachusetts Investors TrustMutual Investment Trust 10 w w 2.60 4154 Securities Co of New Jersey— 6s series 4 Nov 1942 Securities Corp General com ... Lawyers Mtge Inv (Boston)— 1st 5 54s series B 1940-.—M&S / Major Shares Corp— —* Maryland Fund Inc 10c Machinery 101 1 1 Northwest Bancorporation Oils & Industries com Amer dep rets ord bearer...£1 1 Series K-2 Series S-2 1 Spencer Trask Fund Inc 9.28 .... Royalty Series B-3 Series K-l » ....... .... Insurance 54 1 4* * ..1948 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 International Holdings & Inv...♦ Internat'1 Secur Corp Amer— Metals Oils 24 *6* Bank Group Shares Insurance Group Shares Insull Utility Invest— 33 2 4* 1.22 Collateral ♦ .89 1 1.10 - 1953 Representative Trust Shares 10 Republic Investors Fund 25c Reynolds Invest 5s 1948 A&O Common stock 1 $6 preferred ♦ 1.10 Royalties Management A......1 .81 Schoellkopf Hutton and 1.26 Pomeroy Inc common..... 10c .98 Second Nat Inv Corp— .79 1.10 1.00 .73 1.10 — A$k 1.21 .77 .70 .87 1.20 2.26 28 76 54 25.76 1.26 Independence Trust Shares Institutional Securities Ltd— 23 16.79 100 .75 554 17.11 2.36 27 27 . Deb 5s 1964 -M&S 15/ Eaton & Howard Management 1.14 .63 Petroleum Shares Bid share Railway & Util Invest A Investing shares Merchandising Shares Mining Shares.. Series O Par North American Trust Shares— 71 1.04 1.15 1.11 .70 ........ 2.51 Series B 75 68 ...... 2.44 (modified) 16 Nat Bond & Share Corp. .....* National Investors—..........1 New common 1 2.00 — 16 70 .... $6 1st preferred $3 2nd preferred $7 preferred Debenture 5s series A Bonds ..... .68 Railroad Equipment Shares Steel Shares Tobacco Shares Guardian Investors com ana Phoenix Sec Corp ♦ % $3 conv pref class A 10 65 Plymouth Fund Inc 10c 54. Prudential Investors * 4.81 $6 preferred * 154 Pub Util Investing 5s "1948.A&O 12 Automobile Shares... Building Shares Chemical Shares Food Shares 5% preferred ser A 2 00 ——1 1 AA 3H 10154 29.71 11* * 5s series A 1947 J&D Investment Co of Amer .10 Investors Fund of America— * com '32 4.42 1 40 5 ..—.—.* 4.88 "6"" 33 convertible pref A ...* Investment Bona & Share— - Century Shares-Trust Chicago Corporation Convertible preferred ..1 5 preferred Cent Invest Corp 4-6s '57.-A&O Central Nat Corp class A * conv 48* ment Hydro Elec Sec com.. Incorporated Investors 40c 5 1 $3 cum pref series A Carey Trust * .... Huron Holding Corp.. 15.85 12 * 1 5s series A1959 A&O Canadian Invest. Fund, Ltd 1 Canadian Pow & Pap Invest Ltd— Class B Corp.—..I Warrants 15 Canadian Internat Inv Trust— Capital Administration cl A Investment $6 preferred 19 50 10 Boston Fund Inc Boston Personal Prop Trust British Type Investors Broad St. Invest Co Inc Bullock Fund Ltd General 25 h 16.04 96 90 10054 27.63 Deb 5s Feb 1 1952 without warr General Capital Corp .._..* Corp 454s 1959...-A&O Group Securities, Inc— Agricultural Shares 40 ........ 3.90 Great Brit & Canada Invest¬ §!* * 6% preferred Basic industry Shares American Investors—* $6 preferred w w * Gleneagles Invest 5s June 15 1944 2tM Preferred w w -.50 Atlantic Secur 45*s A 1953.A&O Atlas Corp com ...6 6% preferred 50 Option warrants. Bancamerica-Blair Corp 1 Bankers Nat Investing com —* Bankers Securities Corp com. .50 26 554 General 1854 5% preferred w w 100 5% preferred ex-warr 100 10-year deb 3s 1946——J&D Associated Stand. Oil Shs 2 Atlantic & Pac Int. com w w—♦ 2554 2454 15.08 3.97 69c ... 65 4.35 37 1 1 8.10 7.47 60 3.65 » $6 pref (with warrants) German Credit & Investment— Pref allot ctf 25% 1st pref. ot* Amer General Equities Ins—25c Amerex Holding Corp.........* Ajmer Insuranstocks Corp ♦ Amer Investment (111) —* Convertible preferred 25 7% preferred —25 8% preferred 25 Associates Investment. * 3.28 6.58 2 .......... 32 26 ——1 2.69 2.98 8.37 Fundamental Investors Inc 2 Fundamental Trust Shares Inc— General Investors Trust Gen'l Realty & Utilities com s f 5s 1958 ser A...-J&J 5s series B 1958 —M&N American General Corp.——10c 2.45 1 1 Class B 354 ..........* $5.50 prior pref * American & Continental Corp— Amer Elec Sec partic pref ..1 American European Secur— * |2 preferred Common with warrants Common ex-warrants Class A 23 54 65 9 S3 preferred 1254 Stocks 1958 Foundation Trust Shares ser A..1 National Investors— 73c 10c — 1154 Foreign Bond Associates Inc Foreign Power Secur Corp— 1st coll tr conv 6s A 1949-_ J&D 92" Deb g 5s 1953 F&A Amer Business Shares.......50c Amer Capital Corp A 10c im 19.03 Fourth 64c ......... $6 preferred 2.90 17.65 Insurance stock series 10c Fixed Trust Shares series A—10 Series B 20 48 share 354 Equity Shares 1 Equity Trust Shares In Amer 1 Fidelity Fund, Inc * ^irst Boston Corp.......—.10 Fiscal Fund, Inc.— Bank stock series.........10c — Ask Bid Par share 7 Wellington Fund Western Reserve Investing— Deb 554s 1944 F&A Wisconsin Banksharcs .* Ex-stock dividend. 'Si 108 66 95 1.15 Public Utilities (Includesstreet and electric railways, gas. electric power, water, telegraph, telephone and bridge companies.) 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 Bonds Bid 82 81M 101 95 92 80 86M 90 M 73M 5 Ma Certificates of deposit 1953 Deb g 5s 2030 .. M&S Amer Fqel & Pow 7s 1934.J&J v. Certificates of deposit.. Amer G & E deb 5s 2028...M&N Am Gas & Pow deb 3-5s '53-F&A . 8M Secured deb 3.60-081953.-J&D Am Pow & L deb 6s 2016 M&S Amer Rys Corp coll 4Ms *53.A&O Debenture 4Ks 1963 A&O Amer States Public Berv— 1st 1 5 Ms 1948 ser A M&N . Deb 6s 1938... 25-year deb 3 Ms 1961—A&O . 30-year deb 3 Ms 1966. J&D 112M 113 *100 101 1013 101 lOlj American Toll Bridge— 6Ms ser A, B & O 1938 ...F&A 5Ms series D. 1945 F&A Amer Utilities 1st 6s 1945...J&D / Deb6Hs 1941 ...M&N/ Amer Util Service 6s 1964..M&N 99 100 97 99 40 35 35 40 60 M 63M 93 82M 94 M Amer Water Works & Electric— Deb 6s 1975 ser A—M&N Deb 581975 ser B. J&D Ana&Pot R RR-See WashRy&El 84 Anchorage Lt & Pow 7-5s'43F&A Androscoggin & Kennebec Ry— 1st 6s 1940 -M&S Androscoggin W Pow 6s '45-F&A Appalachian Elec Power— —M&N 105 107, .Deb gold 6s 2024 J&J Ardmore St Ry—See Phila Co Arizona Ed 1st 5s 1948. J&J 1st 6s 1945 A&O Income 5s 1960 ..J&J Income 6s 1960 A&O Arizona Power 5s 1950 F&A 1st & ref 4Ms 1950 .F&A Arkansas El & Wat 6s 1944.F&A Ark Louisiana Gas 4s 1951..J&J Ark & Mo Pow 1st 6s 1953..J&J Deb 6 Ms 1935 M&N 1st s f 7s 1953 J&J 111M „ 107M 107M 112 80 84 30 100 91 42 91 Corp 5s series A 1957.....J&J 86; 92| Arkansas P & L 1st 5s 1956.A&0 Ark West Gas 1st 5s w w '39.J&J Ashl'd Home Tel 4 Ms A1961 A&O Ashtabula Wat Wks 5s 1958.A&0 Assoc Elect 4Mb 1953. J&J 5s Jan 1 1961 J&J Associated Gas & Elec Co— Oonv deb 5 Ms 1977 .F&A Oonv deb 5s 1965— M&N Oonv deb 5s 1950 —F&A 80 181* Biddefora & Saco Water— 4s series O 1956-— —F&A (N Y) 1st m 5s 1954 ser B—.J&D 1st mtge 5s 1957 ser O F&A Blackstone Val G & E 5s *39.J&A M & coll tr 4s ser O '65— -M&N 1960—.J&D1 6M 103 113 120 121H 117M 127M 102 M 70 34 29 26M 11* 24 16 22 M 23 M 16 24 63 62 103 M 92 Central Indiana Power Co— 1st & ref 6s 1947 ser A.._—J&J Cent Iowa Telep 5 Ms A1947-J&J 70 98 58 95M 114 78 108 93 64 69 '■ 100M 22 110 106 97M 102 H 107 98M 98 88 82M 82 Central Kansas Pr 6s 1946..M&S Cent Maine Pr 5s '39 op '19.M&N 1st & gen 4s ser G I960...A&O 98 98 105 H 102 M 1st & gen M 3 Ms ser H '66.F&A Cent Mexico Lt & Pow 1st s f 6s 1940.... —.J&J 40M 94M Central N Y Power Corp— Gen mtge 3 Ms 1962 Cent Ohio L & P 1st 5s 82 57 M 80 Conv 103 M 91 96 66 86* A&O 1950-A&O 4 Ms 1940...J&D Cent Pow 1st 5s 1957, ser D-J&J Cent Pow & Lt 1st 5s 1950—F&A sec 1st 6Ms series B 1951——J&D Cent Pub Serv Corp— 103M 101* Conv deb 5 .101 Ms *49 F&A Utfl.(ws)inc5Ms-1952 102 M Cent Public 104 108 Central States Edison, Inc— 1st coll inc 3-5s 1950 M&S f 51 Central States Elec Corp—^ Oonv deb 5s 1948 -J&J Deb 5 Ms 1954 ...M&S 15 37M 37M 93 107 110 22 M 112 106 M 105 82 85 95 40 101 44 103 M 103 M 50 ...M&N —M&N 50 50 50 50 50 43 49 49 3Ms 3Ms 3 Ms 3 Ms 3Ms / This price includes accrued interest, 1st & ref 5s 1956 ser E...M&N 1st mtge 4M8 1967 ser F—J&D 1st & ref 5s 1968 ser G M&N 1st & ref 4Ms 1981 ser H—J&D Cent Indiana Gas 5s 1957 M&S 101 49 49 60 76 W* 24 110 108 95 71 105 110M k Last sale, Cent States Pow & Lt Corp— 1st M & 1st lien 5 Ms 1953-J&J Debenture 5s 1944 J&J Cent States Utilities 6s 1938.J&J Cent Telep (Del) 6s 1938—M&N Cent Vermont Public Serv Corp 43M 13 1st mtge 3 Ms ser B 1966.-F&A Central West Public Service Co— 1st 1 coll 5 Ms 1956 ser A M&N 5 Ms series B 1956 M&N 99M 581 583 5s series C 1933 —J&D/ 55 Charleston Cons Ry Gas & El Consol gold 5s 1999 103 M&S Charleston Transit Co— 1st 5s 1942... —M&S 75 Gen & adj 5s 1942——M&S Coll trust 5s notes 1942 M&S 50 80 Chattanooga Ry & Light— 1st & ref g 5s 1956 op '16.M&N Chatt Rys 1st cons os '56.M&N 73 58 Ohes & Pot Tel of Va 5s '43.M&N 105 M Chester Water Service Co— 1st 4Ms 1958 series A 102 M —M&S Chic Aurora & Elgin RR— 1st & ref 6s 1951 ...J&J / 3M Chicago City & Connecting Ry Coll tr s f g 5s Jan 1,1927.A&O Certificates of deposit Chicago City Ry— 1st 5s (15% paid) 1927 F&A Certificates of deposit.. 5M 43 Chic Dist Elec Generating— 1st M 4 Ms 1970 M&S 1st 6s series B 1961 M&N Chic North Shore & Milw RR— 1st mtge gold 5s 1936 J&J 1st & ref 6s 1955 ser A .J&J 1st & ref 5Ms 1956......A&O 1053 1063 4M 3M 3M Chicago Railways Co— * 1st 5s 1927 stpd as to 25% pt red and pay Aug 1,1933—r&A Certificates or deposit.... Cons M 5s ser A Feb '27—A&O Certificates of deposit 8* y Series B Feb, 1927 -J&D J Certificates of deposit J mon 4-5s Feb '27 opt.J&J Certificates of deposit. 3M "=" Pur — Adj inc 4s Feb 1927 opt—May Certificates of deposit Chicago Rapid Transit Co— 1st & ref 6Ms 1944 J&J Certificates of deposit...... 1st & ref 6s 1953 ser A _J&J _ fh 95 62 _ 1st & ref 6s 1952———J&D Cent Illinois Light 3 Ms '66—A&O Central Illinois Public Service— 103 - . German Pow 6s '34-J&D Cent Hud Gas & Elec Corp—_ 1st & ref 5s 1941— .—.J&D 1st & ref 3 Ms 1965 M&S Cent Ills Elec & Gas Co— 1st & ref 5s 1951«i— F&A 100 M 79 M 55 M 76 — 30 30 30 2-yr 6% notes 1933 A&O / 105 Certificates of deposit.. / 105 Athens (Ga) Ry & Electric— 1st & ref s f g 5s 1950 J&J 102 Atl Cons St RR—See Ga Ry & El Atlanta Gas L 5s g 1947——J&D 107] 103 H 101 Cape & Vine'd El 4s A *65—-J&J Capital Traction (Wash, D O)— 1st g 5s June 1, 1947— J&D 100 1944..M&N Coll trust ser 1945—M&N Col trust ser 1946—M&N Coll trust ser 1947—M&N Coll trust ser 1948..M&N Coll trust ser 3 Ms 1949—M&N Coll trust ser 3Ms 1950—M&N Coll trust series 3Ms 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 74 M Bklyn Un Elev 5s 1950-—. F&A 76 Kings Co El 1st 4s 1949 F&A Nassau Elec 1st g 1951—J&J 22M Bklyn Un Elev—See Bklyn Queens 107 M Bklyn Un Gas 1st cons5sg'45M&N 1st lien & ref 6s '47 ser A. _M&N 103 M 1st lien & ref 5s ser B 1957 M&N 93 Deb 5s 1950—— 70M J&D Buff Gen Elec 1st ref 5s 1939. J&J 104 Gen & ref 4 Ms 1981 110 F&A Buffalo Niagara Electrio<— Gen & ref M 3 Ms ser O '67-J&D 106M Buff & Niag Falls El L & Power— 1st gold 5s 1942——F&A 110 Buffalo Traction. .1 See Buffalo & Lockport —[Internat R Burlington (Vt) G L 5s 1955.-J&J Butler Water 5s 1957 A 104 A&O Butte El & P 1st s f 5s 1951—J&D 115 Cairo Bridge 1st inc 6 Ms '58.J&J 36M 93 Calgary Power 1st 5s 1960—A&O 1st s f 5s 1964 92 J&D California-Oregon PowerDeb gold 5 Ms 1942 93 A&O 1st mtge 4s 1960 88 .A&O Calif Water Serv 4s B 1961.M&N 100M ser Canada Nor Pow coll 5s *53.M&N Canadian L & P 5s '49 op '14 J&J Canadian Rail & Harbor— Term 6 Ms 1951 .M&S Canadian Utilities Ltd— 1st mtge 5s ser A 1955. — M&S Canadian West Telep 5 Ms '56J&J Central 65 Bloomington Dec & Champagne 1st & ref 5s 1940 M&N 91 Blue Lakes Water 6s '38—.M&S 101M Bolivian Power 8s ser A '45.A&0 100 M Boston Elevated Ry— Deb g 4Ms Nov 1,1941—M&N 106 Deb g 5s Dec 1942 J&D 109 H West End St 5s 1944... M&S 109 7s Sept 1947 M&S 120 Brandenburg (Germany) El Pr— Extl 1st s f 6s 1953.. M&N / 20M Bridgeport Gas Lt 4s 1952—J&J 110 British Col Tel 5s Bid Calif Water & Telephone— 1st mtge 5s 1965 .....M&S 99M Calumet G & E 5 Ms B 1960.J&J 103 Calumet & South Chicago Ry— 1st (35% prin paid) 1927 F&A / 45 Camden & Rockland Water— 1st 4Mb 1960 101 ..—A&O Camden & Sub Ry—See P S Corp Carolina P & L 1st 5s 1956—A&O Cedar RapMfg & P 6s '53...J&J Cent Ark Pub Serv Corp— 1st & coll tr 5s 1948 ser A—F&A Central Elec of N J 5s 1940-J&J Cent El & Tel 1st 5s scr A '55 J&J Central Gas & Elec 6s 1946.M&S First lien coll tr 5Ms *46.-J&D Central Georgia Pow 5s '38-M&N Works 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 1954ser A A&O Coll trust Associated Pub Utilities Corp— 1st lien 5s 1947 ser A J&J Deb 6s series A1958 M&N Associated Telep Co Ltd— 1st M 4s series B1965 J&J Associated Telep & Teleg Co— Deb 5Ms 1955 ser A M&N Assoc Telep Util deb 5s 1942A&0 Certificates of deposit—— Oonv deb 6s 1941 —M&S„ Certificates of deposit. f Oonv deb 5Ms 1944 ser O.M&N / Certificates of deposit.. / b Basis. Gas —A&O Coll trust 3s 1939—. Coll trust 3s 1940 Income deb 4s 1961—.—M&N M&S A&O f 6Ms 1956 Bway & 7th Ave—See N Y Rys Bklyn Borough Gas 5s 1967.F&A Bklyn City RR 1st 5s 1941 J&J Brooklyn Edison Co— Consol mtge 3Ms 1966...M&N Bklyn-Manhattan Transit Corp Coll trust 4 Ms 1966 M&N Coll trust 3s 1938 M&N 8 fine deb 4-5s D 1986—.M&S 26 98 96 Coll trust 3s 1941 —M&N Coll tr series 3 Ms 1942 M&N Coll trust ser 3 Ms 1943—M&N Associated Gas & Elec Corp— 8-year 8% ww 1940-....M&S 8s ex-warrants 1940 M&S Oonv deb 5 Ms 1973 F&A Oonv deb 5s 1973 J&D Oonv deb 4Ms 1973 J&D Oonv deb 4s 1973..M&S Income deb 4Ms 1978 F&A Income deb 4s 1978 A&O Income deb 3 Ms 1978——M&N Income deb 3Ms 1978 M&S Assoc General Utilities— Income debs w w 5s 1950-M&N Called Jan. 3 at 100. 1st mtge s f 37 8 fine deb 5-6s B 1986—M&S S fine deb 4 M-5Ms O '86-M&N * Berkshire Street Ry— 1st extend 6s 1947 ..J&D Berlin City Elect 6Ms 1951—J&D / Sink fund deb 6 Ms 1959—F&A f Deb 6s Apr 1,1955 A&O f Berlin Elec Elev & Underg Rys— 1st 4Mb series B 1961 J&D Broad River Power Co1st & ref 5s 1954 ser A—M&S Conv invest ctfs 5 Ms M&N 8 f lnc deb 5 Ms A 1983—.F&A 8 fine deb 5s B 1983—M&S 8 f inc deb 4 Ms O 1983...M&S 8 f inc deb 4s D 1983 M&S 8 fine deb 5M-0 Ms A1986 F&A Gen mtge 4Ms 1955 20 1975......J&J 1975 J&J 1975 J&J Bangor Gas Light 5s 1941—.A&O Bangor Hydro Electric— 1st mtge 3 Ms 1966— J&J 106 M Barstow (W S) deb 6s 1942—A&O 95 Baton Rouge Electric Co— 1st mtge 5Ms 1954 J&D 105M 1st M 5s 1959 ser B...—F&A 104M Bear Mt Hud Riv Bdge Co—■ 1st 7s 1953 —A&O 98 S f income 8s 1953-.——-A&O / 55 Bear Val Mut Water 5s 1951.J&J 98 Beauharnols Power Corp— Coll trust s f 5s 1973— A&O / 64 Beaver Valley Trac 5s I960-A&O f 3 Beaver Valley Water 5s '60-M&N 100 Bell Telephone of Canada— 1st g 5s 1955 ser A. —M&S 112M 1st g 5s 1957 ser B .J&D 119 1st mtge 5s 1960 ser O .M&N 120M Bell Telep Co of Pennsylvania— 1st & ref 5s 1948 ser B——J&J 117M 1st & ref 5s 1960 ser O A&O 126M Bellows Falls Hydro-Elec Corp— 1st mtge 5s 1958— A&O 102M Bergen Turnpike 5s 1951....J&J 65 36* Oonv deb 4 Ms 1949 -J&J Conv deb 4 Ms 1948 —M&S Oons ref deb 5s 1968 ..A&O Cons ref deb 4 Ms 1958—M&N . 100 102M Bleecker St&FulFy-See NY Rys ■ k 76 72 _ Co— 1st 5s 1938- Appalachian Power 5s 1941..J&D . Baltimore Transit Deb 4s series A Deb 5s series A Deb 5s series B Binghamton . 1st & ref 5s 1950. 99M __ J&D Amer Telep & Teleg— Deb 5Ms Nov 1 1943—.M&N Oonv deb 4Mb 1939 J&J _ Bonds Ask _ Amer Elec Pow deb 6a '57 M&S15 ( Amer & Foreign Power Co— . Bid Atlanta Nor Ry—See Ga Ry & El Atlanta Wat El & Pr 5s 1943 J&J Atl Beach Bridge 0Ms 1942—F&A Atlantic City El 5s 1938 M&S Gen mtge 3Ms 1964......J&J Atlantic City Gas 5s I960-—-J&J 1st lien & ref 6s 1957 J&J Atlantic City Sewerage— | 1st s f 6s ser A 1956 —J&D Atlantic Co Wat 5s *58 ser A M&S Augusta Ry & El 1st 5s 1940 J&D Aurora Elgin & Chicago Elec Ry 1st 6s 1941. —A&O ■ k Bonds Ask Adriatic Electric Co (Italy)— Extlsf 7s 1952 A&O Ala Gas Co 1st M 4Ms 1951-F&A Alabama Power 1st os 1946-M&S 1st & ref 5s 1951 J&J 1st & ref 5s 1950 M&N 1st A ref 4 Ms 1967 J&D 1st & ret 5s 1968 M&S Alabama Water Service Co— 1st M 5s 1957 ser A -J&J Allegheny Gas Corp 6 Ms ctfs '43 Alliance Power 1st os 1952—M&S Alton Water 5s 1950 A&O Altoona & Logan Val Elec By— 1st coll 4s Jan 1 1954— J&J Amarillo Gas 6s ..1939 Amer Commonwealths Power— Deb g 6s 1952 ser A F&A Deb g 5 Ms 1953 M&N Oonv deb 6s 1940 M&S Am Community Power 5 Ms 1953 113 117"" 39M 95 94 95 90 Certificates of deposit... Adjust deb 6s July, 1963—J&J Certificate of deposit..... Chicago & West Towns Rys— 1st cum lnc 5s 1937 _J&J Chippewa Power 6s 1947 J&D Cincinnati Gas & Electric— 1st mtge 3 Mb 1966... F&A 1st mtge 3 Ms 1967. —J&D Cin Newport & Gov L & T— 4 7M 105 M 102 M 105 M 92 Cincinnati Street Ry— 1st m 5 Ms ser A 1952..—A&O 1st 6s 1955 ser B A&O n 1st ref 6s 1947 series A....J&J 85 Nominal. 89 M Aik PUBLIC 74 BONDS UTILITY NOTICE—All bond prices are "and interest" except where marked "f" Quotations for all securities are as near as possible for the closing day of the Bid Bonds 60 57 M 57 M 64 55 M 56 M 56 M 57 M 93 M Olties Serv deb 5s Jan '66—M&S Deb g 5s Apr 1958 A&O Deb g 5s 1963 M&N Deb 5s 1969 M&S Conv deb 5s 1950 J&D Olties Service Gas Co— 1st M pipe line 5 Ms 1942.M&N Olties Service Gas Pipe Line Co— 1st M 6s 1943 J&J Cities Service Power & Light— Deb 6 Ms 1952 M&N Deb 5Ms 1949 J&D Citizens Independent Telephone 1st mtge s f 4 ^s ser A '61—J&J Citizens Utilities Co— Income notes 3s 1955-—F&A 94 §SS 101 52 M 52 M 54 „ . 23 25 55 60 103 J&J 102 City Gas & Elec 1st 6 Ms '51-J&J / City light & Traction (Sedalia, Moilst 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— 66 *100 % 86 M Crescent Public Service Co— ,1954—J&D 31' 28 92 Coll inc 6s B Oct 1 Cumberland Co (Me) Pow & Lt— 1st mtge 3 Ms 1966 A&O Cumberland Gas 6s w-s 1948M&N / Cumberland Valley Telephone— Dallas Power & lOlS 97 97M 99 30 45 104M 59 M 104 M Delaware Elec Power Co— Deb 5Ms 1959 J&J Delaware Power & Light Co— 1st M 4Mb 1971 J&J 105 Short Route Bdge 6 Mb '52-J&D / Clear Springs Watejc, Serv— 32 1st 5s ser A 1958— M&S Cleveland Elec Ilium— Gen mtge 3 Ms July 1, '65-J&J Cleveland Ry 1st 5s A 1945-M&S 98 105 M 60 M 110M 111 101 103 M Ry & Light— 3 Gen & con 5s 1954 M&S / Clinton (Lat W W 1st 5s 1939F&A tlOO Coast Cos Gas & Elec— 105 1st s f 4s series B 1965 M&S Colonial Util 5 Ms 1958 J&D Colorado Cent row 5 Ms '46.J&D Colorado Power 1st 5s *53--M&N 46" 46 94 98 106 M Colo Utilities 1st 6s 1988- —M&S Columbia Gas & Elec Corp— Deb g 5s 1952 M&N Deb g 5s 1952 A&O 15 Deb 5s Jan 15,1961 J&J 15 Columbia River Longview Bridge 6Ms stamped 1953 A&O / Columbus (Ga) Elec & Power— 1st & rer 6s 1947 ser A J&D 1st & ref 5s 1954 ser B...M&N Columbus Ry Pow & Light— 1st mtge & colltr 4s 1965.M&N J&J Commonwealth Gas Corp— Non-cum inc deb 6s (w s) 1948Non-cum inc deb 6s (x s) 1948- Oommonwealth Lt & Power— Ref & unif 7s 1962 J&J Oom'w'lth Tel (Pa) 5Mb '45 M&N Oom'w'lth Tel (Wis) 4s ser A 1M&S M&S Community Pub Ser 5s I960-J&J Community Teleph 5s Jan 1 1949 Community Water Service Co— Deb g 6s 1946 ser A J&D Deb g 5Mb 1946 ser B M&S Conestoga Trac 1st 4s 1950--J&J Coney Isl & Bklyn cons 4s '48 J&J Connecticut Light & Power— 1st & ref s f 7s '51 ser A. .M&N 1st & ref M 3 Mb ser F '66.M&S 1st & ref M 3Mb ser G '66-J&D 25-year deb 3Mb 1956. --M&S Conn Ltg & Pow 5s *39 J&J Connecticut Power— 1st & coll trust 5s 1956 Conn Ry & Lt 4Mb 1951 91M 93 3 106 105 106 M 106M 112M 113M 112 113 112 113M 113M 108 M 106 M 112M 108M 105M 112 38 41 20 23 30 78 83 93 M 68 M 97 Detroit Edison— Gen & ref 4Ms 1961 ser D.F&A Gen & ref 5s ser E 1952--A&O Gen & ref M 4s ser F 1965- A&O Gen & ref M 3 Ms ser G '66M&S Detroit International Bridge—. 1st mtge s f 6 Ms 1952 F&A 30 127 128 106M 107 M East Prussian Pow 6s '53 103 104 E St L & Interurb Wat 5s '42 J&J 104 105 102 M 103 M 107 107 M 106M 99 103 36M 35M 38M 106 M 120 M 103 M 107 71 104 % 103 M 37 M 37 M 39M 108 125 104 M 107 M 95 61M -J&J F&A Eastern Gas & Fuel Assoc— 1st m & coll tr 4s A 1956-M&S Eastern Iowa Pow 6 Ms 1943 -M&S Eastern Lt & Pow s f 5s 1964 M&N Eastern Mass Street Ry Co— Ref m 4 Ms 1948 A J&J Ref m 5s 1948 B J&J Ref 6s Jan 1948 ser O—M&S 15 Ref 6s series D Jan 1 1948-A&O Ref 6s series E Jan 1 1948-A&0 Eastern Michigan Rys— mtge colltr 7s 1958 Adjt 6s due July 1958 Sinking fund debs 5s 1946-J&D 89 69 97 J&J / Lt & Power— 5Ms series A 1951----—-M&S 5s series B 1953 J&J s 1.75% 2.25% 62 fg 48 98 83 97 42 M 38 / / 90 113 M 109 103 % 87 M 94 90 70 70 72 72 ' 1 ' 76M 113 loo" 98 62 Georgia Ry & Elec— 102 Atlanta Northern Ry Co— 65 102 103 55 13 13 H 72 63 IV* 70 91M 92 M 64 / 56 Great Cons Elec Pow (Japan)- 98" 95 22 Great Lakes Power . , 87 59 Georgia Power & Light Co— . 100M 101M 66M 98 101 104 66 M Ltd"— Great Lakes Utilities Co— 1st lien coll tr 5Ms 1942-. Great Northern Power— M 1st 5s stamped 1950. — Green Bay & Miss Canal— 100 107 M i 101 Green Mountain Power lst mtge 5s 1948 60 62 M 78 78 78 86 CorpF( 103 102M L 103 H Greenwich Wat & Gas SystemCol tr 5s 1952 series A 93 Ai ) 1 ) 28 23 M 43 96 96 93 103 75 100 103" Gulf Public Service Co— 46 1st mtge 6s 1945 Gulf States Utilities Co— > 89 M 91M 1°1M 97 97 94 O ONW305 1%^ 97 Ed E. 107M 1/ Ill(Bkn)See Kings Co EL&P El I11(N Y)—See N Y G 97M 104M Eliz 101M 98 M 102 Eliz & 100 M 70 Elmira Water, f 6 Ms 1950 1st sink fund 6Ms & Raritan Trenton 1st & con g 5s 30 32 38 42" 108 1 Havana Elec Ry 5s 1952—1 5 Ms (Sept'31 coup on)'51-!M 67 M hil R T 104 104 80 S 22 5 9 67 22 Hempstead & Oyster Bay— Water 6% July 1 serially.. Hest Man & Fair Pass Ry—S Home Tel & Tel (Ft Wayne)- J 203 203 if 3/ J 106 M s 99 102 Electric Ferries 7s (w-s) '41-A&0 Elec & Peoples. See Phila R T Electric Pow Corp (Germany)- 22 >/ )/ 107 M 88 Riv} Public Serv RR J Corp Light & RR— 26 1M „ 1956--.—-M&S 103 M 104 . . m 84" 92 Houston Gulf Gas— 38 t Called Feb. 3 at par. ~2" QO 102 M 97 M > A 96 77 M Edison Elec Ilium of Boston— 103 6 Basis, IBiH General Public Service Corp— 1M 1M 9 Called Feb. 15 at par. 104M 101M 101M 5 9 * 118" 117M 115M 110M 105 M 103 m 5Ms 1947 ser A M&S 1st M & 1st lien 5s 1955 B M&S 1st 106 M 30 1.00% 2.00% Eastern Shore Pub Service Co— M&S 1953--A&O Electric P & L Deb 5s 2030-F&A Eliz Plainf & Cent J1 See 65 72 101 Express— Equip trust 5 Ms to 1938--A&O 61.50 Equip trust 4Ms to 1941—F&A 6 2.50 Equip trust 4 Ms to 1943—M&S 6 2.75 Equip trust 4s to 1946 M&S 6 3.00 Gary Rys Co 6 Ms ser A 1945' Gary Street Ry 1st 5s 1937—J Eastern Oregon 1st -**«•••«» 73 M 92 — 6s 95 96 M 86 72 1935—J&J 1954Wat IfH 84M 105 100 M 62 M 77 80 5s with warrants 1944— 104 102 108 A&O / Edison Sault Elec 4Ms, 1961 A&O 101 83 60M . 86 M —M&N 31 67 M J Eastern Minn Pow 5Ms 1951 M&S Easton Consol El 5s 1949 100 mmmm 66 M 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 Edison 93 M '97M 32 Federal Water Service Corp— Conv deb 5 Ms 1954 —M&N Federated Utilities Inc— 1st lien col tr 5Ms 1957 M&S Florida Power Corp— 1st mtge 4s series O 1966.-J&D Un 98 101 86 25 - _ 3 Ms 1st M s f July 1. '65.J&J 18 - 97 Dec. 16 75 65" Economy Lt & Pr (111) 5s '56. J&D 60 Corp 60 45" J&D 1st mtge 6s 1942 1st m 5s 1960 ser D 1st B— J&D 21 Corp— 1st conv 6s ctfs. 1945 M&S15 / 29 Duquesne Light—See Phila Co 62 Duquesne Nat Gas 7s 1948—J&J Duquesne Trac—See Phila Co 90 Durham Pub Ser 7s A '49—A&O 104 Durham Trac 1st 5s 1941 M&S 52 East Coast Pub Serv 4s 1948 F&A Jersey St Ry 5s 1944.-M&N E. Kootenay Pow 1st 7s *42.A&O 105M 95 M 95 M 99 M Gas East 126 ser 95M M&S M&S 58 1954 opt A&O f Ghndy Bridge (Tampa) 1st mtge s f 5 Ms 1957 A&O Gary Elec & Gas Co— 1st lien coll 5s x-w 1944—J&J 82 57 41 106 M 96 76M (Germany) A&O Duquesne 59 22" 103 M 15 M 1st gold 5s 1950 -J&J Dom Elec Pow 5Ms 1955 M&S Dominion Gas & El 6 Ms '45_J&J 1st 5s 1953 ws M&S Dumbarton B'ge 6Ms to '49-J&J 99 18 103 A&O General Public Utilities— 69 M 55 65 1M u Certificates of deposit Det & Pt Huron Shore Line— 125 Fed'I Pow & Lt 6s Nov 1.1965/ Federal St & Pleasant Valley Pass Ry 5s Mayl '42 J&J 1st M 5 F&A pr 7s 1952 94 M 57 104 4M 40 12 39 112M 108 % 109 M 104 M Certificates of deposit S f deb g 65 111 Galv-Houston Co inc 6s '55-J&D Galveston-Houston Elec Ry— - 20-yr s f 6 Ms 1948 Duluth-Superior Transit— 9 1st & coll 6s 1943 ser A-J&D 6s stamped 1943 J&D Consolidated Water of Utica— 1st 4 Ms 1958 M&N 1st M 5s 1958 M&N Oonsum L H & P Co (Eliz, N J) 5s 1938 J&D Consumers Nat Gas 6s '44.M&N Consumers Power Co— 1st mtge 3 Ms 1965 M&N 1st mtge 3 Ms 1965. M&N 1st mtge 3 Ms 1970 M&N 1st mtge 3 Ms 1966 M&N Consum's Water 1st 6s A '46 M&N Deb 5Ms series A 1970 A&O / 17M 32 ff Dortmund Munic Util Consol Gas A&O >nsol Hydro-Elec Wks of Uppei Wuerttemburg 1st 7s '56-J&J Cons Tr (N J)—See Pub Ser Corp 102 Certificates of deposit— Convs f deb 6Ms 1948— -M&N / 4M Certificates of deposit 1st 5s, 1966 M&N 78M Detroit City Gas Co— 103 1st mtge 6s 1947 series A..J&J 1st mtge 5s 1950 series B__A&O 101M J&J 6% notes, 1940 lul M&S 102 M 5s Jan 1 '55 / 16 & Canada Tunnel— 1st mtge s f 6s 1953 M&N/ 102 55 Fruit Growers* 84 Detroit 107 Cons Gas (NY) deb 4 Ms *51-J&D Utilities Co— rnc 100 1941A&0 / Stamped 1st lien g 6s 1942 stpd 2nd 6s 82 J&J A&O 87 105 _ Fontana 96 M 96 M 124 Stamped guaranteed opt-_ J&J 107 % 107 % 43" J&J Conn Rlv Pow 3 Ms ser A'61 F&A Oonnellsv Wat 5s Oct 2 '39-A&0 Consolidated Cities L P & Tr 1st lien 5s 1962 stamped..J&J Oonsol Edison Co of N Y Debenture 3 Ms 1946 -A&O Debenture 3Ms 1956 A&O Consol Elec & Gas 6s 1962 -M&N 6s series B 1962 F&A Collateral 6s 1957 F&A Oonsol Gas of Bait 5s 1939--J&J Gen g 4 Ms Apr 1954 A&O Consol Gas Elec Lt & P (Bait)— Ref mtge s f 3Ms 1971—J&D M&N 93 M 94 Community Power & Light Co— 1957 Ry 1st 106 M 38 40 Commonwealth-Edison Co— ser B J&D 1st M col 4Mb 1956 ser O.A&O 1st M col 4 Ms 1957 ser D.J&J 1st M 4s 1981 ser F M&S 1st M 3Ms ser H 1965—-A&O Oom'w'lth El 5s June 1 *43-M&S 106M 103 106 106 M 104 M 108M 1st cons mtge 6s 1943 Des Moines Gas Co— 1st mtge 5s 1956 Des Moines 107 M 102 *49—M&N Stamped as to Pa tax Denver Tramway Corp— Gen & ref 5s 1950 ser A 44 ? Denv Gas & El 1st g 5s 1st & ref 5s 1951 84 102 1st & ref m 5s 1952 M&S Empire Gas & Electric Co— Gen & ref 6s ser A 1952.-J&D Empire Gas & Elec and Empire Coke Jt 1st & ref 5s*41 opt-M&S Ercqle Marelli El Mfg Co (Italy) 1st s f 6 Ms 1953 with war M&N Equit G & E Utica 5s 1942-A&O Erie Co Electric 6s 1959 J&J Erie Rys—1st 6s 1954 A&O / Debenture 6s 1954 100 1st mtge g 4 Ms 1969-— J&J 1st mtge g 4 Ms 1969 -J&J Delaware Vail Util 6s 1952.M&N 102 „ _ Clarksbury-Columbu8 | 103 101M 106 M 1st 58 (Amer series) 1942.M&S 1st 58 (Internat ser) 1942.-M&S * 42 Darby Med & Ches Ry—See Phila R Tr Dawson Ry & Coal 5s 1951--J&J 101 Dayton Power & Light— 1st & ref M 3 Ms 1960 A&O 107M 101 101M Fall River Elec Lt 5s 1945—J&J Federal Light & Traction— Light— F&A J&J 1st mtge 4M» ser A 1951—J&D Conv deb 4Ms 1946 J&D Erie Ltg 1st m 5s 1967 Erie & Suburban Ry 5s 101 100 102 J&J Danville Tr & Pow 1st 5s'41-J&J 1st M 58 1954 series B J&D 1st M 5s 1957 series O—M&N 90 M 105 75 103 El Paso El Co— 1st m 5s 1950 ser A— El Paso Nat Gas— Empire District Elec Co— 101 89" County Gas of Dallas 5s '46 A&O County Gas (N J) 5s Jan 1 ,1952. Danbury & Beth Gas 6s 1948 City Water (Chattanooga) Col M 5b Extl s f 5s Feb 15,1954.F&A 15 Copper Dist Pow 4 Ms 1956--J&D 1st mtge 3 Ms 1967 F&A Dallas Ry & Ter 1st 6s 1951-J&J 101 1st M 5s 1953 1st M col 5s 1954 60 M General 5s 1966 -—-A&O Dallas Gas 1st 6s 1941.—A&O 69" J&D Oleve Southw 85" 58 M Telep 5s 1953—F&A 1st mtge 5s 1966 J&J 5s 1941 83 Cooper RivBri'gelnc 1st 6s'58M&N Copenhagen Telephone Co— Continental Ask Bid Bonds 79 77 M 14 ' Cuban Telep conv 5s 1951 J&J 1st lien & ref 7 Ms 1941-M&S 54 102 M Citizens Water (Scottdale)— 1st 5s series A 1953 J&J Citizens Water (Washington, Pat 5 MB series A 1951 5s series B 1951 Dontin Gas & El deb 5s 1958 F&A Continental Pub Serv 6s '40-J&D Council Bluffs Gas 5s 1948-M&N 100 M Ask Bid Bonds Ask and income and defaulted bonds month preceding the date of issue / This price includes accrued interest, ' ' ' k Lasflf s^le. n Nominal. 102 H 100 Jan., 1938] PUBLIC UTILITY BONDS 75 . NOTICE—-All bqpd prices are "and interest" except where marked **f" and income and defaulted bonds Quotations for all securities are as near as possible for tbe closing day of the month preceding the date of issue . Bonds Bid Houston Light & Power 1st mtge 3 J4s I960-J&D Houston Natural Gas Corp— 1st 10334 m 1st M 5s 1954 ser B 1st 5s ser O 1962 ...M&S A&O Hydro El Bond & Sh 5s 1957M&N Hydro El Oorp (Va) 5s 1958. J&D Hydro El Pow Co mm 334s'43J&J 434s due Jan 1,1970 -J&J 434s 1938-F&A Idaho Power 1st 3 34 s 1967.-A&O Illinois Allied Telephone— 10314 101 Jersey Central Pow & Lt Corp— 1st & ref 5s 1947 ser B.—-F&A 1st M 4J4s 1961 ser O——J&D 108 Jer City Hod & Pat—See P S Cora Johnstown Traction 4s Dec 31 62 Cons mtge 3s B Dec 311962... 96% 91 Joplin W W 1st 5s 1957..—M&S Kansas City Gas 1st 5s 46.-F&A 83 1st 6s series A 1942---— F&A Ban City Pub Serv 6s A 51--J&J 102 1st 6-7s series B 1951-..—J&J 1st ref 4s series C 1957——J&J i06 Kansas Elec Power— 59 87 .75 102 75 10514 45 10014 85 ..... Sinking fund deb 7s 1938.F&A Inland Pow & L s f 6s *36 A.M&S Coll tr 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 Inter borough Rapid Transit— 1st & ref g 5s '66 op tax-ex. J&J Certificates of deposit 6% notes 1932 ..A&O Certificates of deposit. Convg 7% note 1932 M&S Intercontinents Power Co— Debs A 6s 1948.——...J&D / International Hydro-Elec System Conv deb 6s 1944 w w A&O Internat'l Pow Ltd 634s 1957M&S Deb 6s 1957 M&S Debentures 6s 1955.......J&J International Power Sec Cora— 6 34 % sec bonds 1955 ser O J&D Sec 7s 1957 ser E F&A Sec 7s 1952 ser P—_—...J&J15 International Railway (Buffalo)Buff Trac 1st 5s 1948—..J&D Buff & Lock 1st g 5s 1938.. J&J Internat Ry ref 5s *62 op.M&N International Telep & Teleg— Deb g 434s 1952 J&J ■ Conv deb 434* 1939......J&J Deb 5s 1955 F&A Iowa-Ill Telep 2-5148 1949. .A&O Iowa-Nebraska Lt & Power— 1st lien & ref 5s '57 ser A..M&N 1st 1 & ref 5s 1961 ser B M&S Iowa Pow & Lt 1st 4 34s 1958 M&S Iowa Pub Serv 1st 5s 1957..J&D . Deb 5s 1968 .M&S 1st mtge 534s 1959......M&S Debenture 6s 1960 .M&N • Called Jan. 1 at 100. 44 44 5 13 34 1334 2 30 1 104' 104% 10334 10534 10334 17 3 1st ref mi 49 15 10334 109 113 29 30 25 26 98 99 117 11334 10534 105 J 100 1003 108 10834 834 ■ -— 84"" 541? ^ 89"" 6M 68 69 97 94 99 97 56 5714 60 65 64 59 85 9914 40 5614 6014 50 52 43 24 34 90 Lake Sh Elec 1st con g 6s '33 J&J / Gen gold 5s Feb 1,1933.-F&A * Lake Sh Gas 1st 534s 1950—M&N 62 44 Lake Superior Dist Pow— 1st mtge 3 34s ser A1966—A&O 9134 58 Lancaster Co Ry & Lt 5s 1951 J&J 110 8914 Lawrence (Mass) Gas & Elec— 1st M 434s 1940 ser B 6114 F&A 10334 Lehigh Power Securities— 55 Debg6s 2026ser A... .F&A 10134 44 Lehigh Valley Transit— 1st extend 4s 1945 62 ....J&D 2534 Ref & impt g 5s I960..—J&D 24 91 67,. 63 M 93 70 66 34 114 94 80 42 793 1133, 10214 97 82 44 8014 11414 34 96 95 10614 10214 78 10214 84 9614 9614 103 82 10314 J&D Leipzig Overland Power— S f mtge 634s 1946—M&Nlf Lewis ton Gas Lt 334s C '56-A&O Lex (Ky) Ry—-See Ky Tr & Term Lexington (Ky) Tel— t Called Jan. 1 at 105. & Basis, 100 103 10234 89 105 12 Terminal— f 634s serA 1941.... A&O Gen s f 7s ww 1941 ..A&O Manhattan Ry con 4s g '90..A&O Cent Hanover Bk ctfe of dep. 1st 2d s J&D gold 4s 2013 Ltg Oorp— & colltr 5s ?53 M&S Power Co Ltd— f 5>4s '51 ser A—J&J f 5%s 1952 ser B..J&J Mannheim & Palatinate Elec Cos 1st lien Manitoba 1st M s 1st M s 15-year _ s f 7s 1941... Marion-Reserve Power— 1st mtge 434s 1952... Maritime Tel & Tel— f / —J&D / A&O Bef & gen Market Street El Pass Ry— See Phila Rapid Transit Market 8t Ry (San Francisco)— 78 2034 9534 111 99 1st s f 7s 1940 ser A Q Jan 84 Maryland Light & Power— 1st M 5148 1950 ser A....J&J 8334 76 Mass Utilities Associates— ' S f deb 5b 1949 ser A. A&O 104 10134 94 Massillon El & Gas 1st 5s *56.J&J * 100 105 Maysvllle P Serv 534s A 1942A&0 86 Memphis Power & Light Go— 68" 1st & ref 5s 1948 ser A—J&J 81 1st & ref 434s 1978 ser O—A&O 71 96% Memphis Street Ry3-5s series A1945———A&O 38 95 8 3-58 series B1945 Ann April / ., 96 _ Meridionale Electric Co— lstsf 7s 1957 ser A A&O / 60 Metropolitan Edison Co— 1st M 434s 1968 ser D—M&S 108 1st M 4s 1971 ser E M&N 10334 109 1st mtge 4s ser G 1965 105 M&N 108 Metrop Edison Corp 6s '61 .M&S 10434 Metro Wat Sewer—See Fgn bds 87 Metropolitan West Side "L"— 95 1st gold 4s 1938 534 —F&A Exten gold 4s 1938 J&J . 106% mmmwwm 20 3 60 59 W* 62 Mexican El L 1st M g 5s *42-J&J Mex Lt & Pow 1st 5s 4Q s f—F&A Mexican Utilities 7s 1939—A&O Miami BridgeIncome deb 6s (whs) Mar 1952- A&O 1st M 5s 1961 Mich Fuel & Lt 6s A 1950...J&D J&D Michigan Public Service Co— 1st g 5s 1947 ser A A&O 9534 33 50 46 10334 52 Michigan Gas & Elec Co— 1st & ref 6s 1943— 1st M 5s 1956 —- 72 34 Michigan Associated Telep Co— Middle States Telep 6s A '47. J&J Middle States Util 6s A1951 A&O Middlesex & Boston St Ry— 1st and ref mtge 534s 1942. J&J Middlesex Elec Lt Pow 5s '55 J&J Middlesex Water 534s 1957.A&O Middlesex & Somerset Trac— 5s 1950 J&J Middle Western Tel 6s 1943.J&J Midland Util deb 6s 1938—M&S Milwaukee Elec Ry & Li 1st & ref 5s 1961 ser B J&D 1st M 5s 1971— J&J Milwaukee Gas Light Co— 1st M 434s 1967. —M&S 93 81 §§** 97 _ 92 116 10434 _ 10134 65 26 70 98 l65" Minneapolis Gas Light Co— 1st mtge 4s 1950 -J&D Minnesota Nor Pr jt 6s 1944 A&O Minnesota Power & Light Co— 1st & ref 5s 1955 ...J&D 1st & ref 434s 1978 M&N Mississippi Power Co— 1st & ref 5s 1955 M&S Mississippi Power & Light— - 1st M 5s 1957——J&D 80 65 2934 993 98 88 993 98 98] 89] 71 8434 Mississippi River Pow 5s '51-J&J 10034 Deb 5s May 1,1947—M&N Miss Val Pub Ser 1st 5s '54.J&D Lombard Elec Co (Italy)— 1st extl 7s 1952—J&D Long Beach Gas 1st 5s *56—J&D Long Island Lighting— Secured g 6s 1945J&J Conv deb g_534s *52 ser A. A&O Long Island water 534s '55 M&N Lorain Telep 1st 5s 1958-..-J&D 96 113 90 65 1st M 6s ww 1944M&S Lexington Util 1st 5s 1952..F&A Lexington Wat ref 5>4s 1940.F&A Lexington Wat PowOol8t5s'68J&J Conv deb 534s 1953 -J&J Lincoln Gas & Elec 5s 1941—J&D Lincoln Pub Serv 5s 1939..-J&J Little Rock Ry & El 6s '38 A&O Lockhart Power 434s 1955—J&D 9934 67 J&J 7634 7634 89 100 1st extend 5s 1945 112 MacLaren-Que Pow 534s Febl'61 534s series B 1964 -M&S Macon Gas 1st mtge 434s '52. J&D Macon Ry & Light 1st 5s *53-J&J Madison Rys 1st g 5s 1936—M&N B1966 J&J 4s series O 1967-J&J - 5M 104 1023* 90 Luneburg Pow L & W W (Germ'y) 1st M s f 7s 1948 -M&N / 21 Luzerne Co (Pa) Gas & Elec— 1st ref&imp g 5s*48 op'13 A&O 107 1st & ref 6s 1954 M&S 10634 Ref & gen 6-4 34s ser 96 70 1st & ref M 334s 1966 M&S Louisv Ltg 5s '58 unstmpd—A&O Louisv Ry cons ext 534s 1940J&J 2d 434s 1940 -M&S General 5s 1950.........F&A Lowell Gas Light— 1st mtge 434s ser A 1966.M&S Lower Austrian Hydro-Elec— 1st s f g 634s 1944. F&A Lower St Lawrence Power— 1st s f 5s ser A1955-.. A&O Manila Elec RR & 72 68 70 Los Ang Trac 1st cons 5s '38. J&D Louisiana Pow & Light Co— 1st mtge 5s 1957 J&D Louisville Gas & Elec Co (Ky)— Manchester 92 Water Works— 104 1st 5s ser A 1958..—--—J&D Lackawanna & Wyoming Val RK 1st 5s 1951— F&A / 17 1 Debentures 6s 1948——F&A Laclede Gas Lt 5s 1939—-A&O 67"" 1st M coll tr 534s *53 ser O F&A 56 1st col&ref 534sl960 ser D F&A 6s coll notes ser A1942 F&A 4934 6s coll notes ser B1942—F&A 4934 La Crosse Telep 534s 1948—J&J 10234 Lake Erie Pow & Lt 6s 1946-A&O 103 1st & ref 534s ser B 1949.-M&S 10234 1st & ref 6s ser O 1952 M&N 103 Kokomo 5314 51 -J&J 034? 1954— Kingsh'way Bdge 634s '62—A&O 29 Knoxville Trac 1st 5s 1938—A&O 5014 Dec. „ Bid Los Ang Pac Co—See Pac El Ry Los Ang & Pac RR-See Pac El Ry Los Angeles Railway Oorp— 1st & ref s f g_5s 1940 ..J&D Los Angeles Ry 5s 1938..A&O Debenture 7s 1944 10334 iooS 8314 88 M ' 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 28 0000 coco 43 4414 Secured 5s 1958 J&J Inland Gas 634s 1938 ...F&A Certificates of deposit Interstate Rys 4s 1943.. .F&A Interstate Telep Co— 1st M 5s 1901 A&O Interstate Tel & Tel 5hs 1953J&J Investors Telephone 3s 1961. J&J 3734 2 67 Kentucky El Pr lstsf 6sl960J&J Kentucky Fuel Gas Corp— 1st 6Ms 1942 with warr.-J&D / 7.34 Kentucky-Ohio Gas Co— 83 Otfs indebt 2s 1958 J&D / 26 Kentucky Power & Light Co-— 10734 1st 534s series A 1948 £ M&S 115 1st m 534s 1948 ser B M&S Kentucky Traction & Terminal— 1st & ref gu 5s '51 opt '14 F&A f 78 103 5614 Lexington Ry 1st 5s 1949- J&D 56M Kentucky Utilities Co— 94 1st M 6 34s Sept *48 ser D M&S 21 87 1st M 534s 1955 ser F A&O 93 74 1st M 5a 1961 series G F&A 74 5s series H1961 —F&A 45 74 1st M 5s 1969 ser I -F&A 100 1st 7s series J 1957 —F&A 46M 1st 6s series K 1957 -M&S 9234 106 103 Keokuk Elec 6s 1945 M&N 48 97 Kewanee(Ill)Pub Ser 6s A *49 J&J 65 Key West Electric 5s 1956—F&A 102M Keystone Pub Serv— 1st M 5s 1978 M&N 9534 90 Keystone Telephone Co-—47 93 1st & ref 534s 1955 ser A—J&D 47 95 1st 1 & ref os 1951 ser B—A&O 814 Kings County Elec Lt & Power1434 Pur ch money 6s g 1997--A&O 15134 14 34 Edison El 111 Blkyn 4s *39.J&J 10334 14 M KingsCoElev—See JBklyn-Queens Kings Co Gas & 111 1st 5s '40 A&O 86" Kings Co Ltg 1st ref 5s *54—J&| 15 90 A——J&J M&S 334| ser A 1966-J&D Electric—. Deb gold 6s 2022 ser A—M&S 1st mtge 4J4s 1980—.-—J&D Kansas Power 1st 5s 1947--M&S Kansas Power & Light Co—• 1st mtge 4Ms 1965---—-M&N 93jJ 5414 5414 Indianapolis By 5s, 1967 J&J Indianapolis Water— 1st mtge 33*8 1966 ....J&J Indianapolis W W Sec Co— 1st & ref 4 Ha *58 ser F 36 Kansas Gas & 843* 98" _ _ 81 ^ 1st mtge 8054 11114 106H mtge 5s 1958sar A....M&N Indiana & Mich El 5s 1957..F&A 1st & ref 5s 1955 M&S Indiana Pr 1st 734s '41 A .M&N Indiana By & Lt 1st 5s '43..-J&J Indiana Service Corp— 1st & ref M 5s Jan 1,1950- J&J 1st 1 & ref 5s 1963.... F&A Indiana & S W Gas & Util— 6% conv notes 1940-....J&D Indiana. Telep 5s A I960.... J&J Indianapolis Columbus & Southera Traction 1st 6s 1948..F&A Indianapolis Gas 5s 1952 A&O Indianapolis Power & Light— Int-State Bridge 4-6 Ha '50 M&N Interstate Gas & El 6s 1951.. J&D Interstate Power 1st 6a '57-.- J&J Deb gold 6s 1952 J&J Interstate P S (Ark) 6s 1940 M&S Interstate Pub Serv Co— 1st & ref 634s 1949 ser B.. J&J 1st & ref 5s 1956 ser D.... J&D 43 4234 ^ 1st ser 4134 4134 James River Bridge Cora— 1st sink fund 634s 1958-.-J&J Deb gs 7s 1943 J&D Jamesfn (NY) Telep 5s 1954 J&D 9734 9634 Indiana Hydro-Elec Power— 1st M 5s 1957 62 , 10814 .J&J 84 $834 5s stamped 1942......-.-J&D Income deb 6s ser A 1952 M&N 10834 nH 1st M 5s 1948 9734 9834 10434 Jacksonv (Fla) Gas— 1st 6s March 11950——— J& J 1105 Illinois Bell Tel 334s B 70..A&O 10734 Illinois Commercial Telep— 96 1st 5s series A 1948 M&S 1st mtge 5s 1960 ser B M&S 111 Community Tel 6s 1949 J&J Illinois Northern Utilities Co— 107 lst&ref5sl95<"opt ...A&O Illinois Power & Light Corp— 1st & ref 6s 1953series A..A&0 1st & ref 534s 1954 ser B..J&D 90 1st & ref 5s 1966ser O—J&D 8434 5 f deb 5hs 1957—.. 79 M&S Illinois Water Service Co— 1st mtge 5s 1952 series A.. J&J 10034 Indiana Assoc Telegraph— 1st mtge 4Mb ser B 1965..A&O 105 Indiana Central Telep Co— 1st lien coll 5%s 1938 M&N / 8534 Indiana Electric Oorp— 83 1st M 6s 1947 series A M&N 88 1st M 634s 1953 series B..F&A 68 1st M 5s 1951 series C M&S Indiana Gas Light 6s 1941 M&N 100 70 Indiana Gas Utilities 5s 1946.J&J Indiana General Service— , 9634 82 25-yr s f 534s 1953 ser A..M&S Italian Superpower Corp— Deb 6s r63 (without warr)_J&J Jackson County (Mo) Lt H & P— 1st 6s series A 1956......J&D 107 119 Bonds Ask Isarco Hydro-Elec Co (Italy)— 1st Msf 7s 1952. M&N Island Gas & Electric— 90 11834 10334 10034 M&N Deb 6s 1950 ser A. 121M 105 Bid Iowa Southern Utilities— 1st & ref 514s 1950. J&J 1st & ref 514s July 1 '50-M&N 104>4 102 120 103 101 104 99 coll 6s '43 with waiT_J&D Hudson Co Gas 6s g 1949—M&N Hunt'g'n Wat 1st M 6s '64A M&S _ Bonds Ask 52 98 88 101 9934 10134 f Price includes accrued interest, k Last sale, n Nominal. 102 105 PUBLIC UTILITY BONDS 76 NOTICE—All bond prices are "and interest" except where marked Quotations for all securities are as near as possible for the closing day of Missouri Edison 1st 534s *47 J&D Missouri Gas & Elec 6s A *44 M&S / / 92 63 88 61 .J&J 434S 1954 67 6934 101 1 f IIII 97 72 67 99 1 Tew York Edison Co— 103 103 1st g 5s Dec. 1 1948 J&D Pur mon coll tr 4s 1949--.F&A Ed El 111 N Y con g 5s *95 J&J 123 1233 11334 13134 114 116 111 118M 8734 New Amster Gas 5s 1948.-J&J NY & ER Gas 1st g 5s *44-J&J Con 5s 1945 J&J NY&Westch Ltg 4s 2004..J&J Deb g 5s 1954 op guar..J&J T Y Power & Light Corp— 104 75" 70 M&S Mohawk Valley ref 6s 1991 M&N Cons g 5s 1941 r Debenture 6s 2031 A&O Monmouth Cons Wat 5s *56. J&D 87 Monongahela Light & Pow Co— 1st M 5s 1949 J&D Monongahela Valley Water— 1st M 634s 1950 series A-J&J Monongahela West Penn Pub Ser 11434 1st mtge 434s 1967. 101 103 91 102 M ist & gen mtge 4 34s 1960-A&O 85 99 Prior lien 6s J&J 91 Ad J Income 6s Jan 1 1965.. Apr Bleeck St & F F 1st 4s *50.J&J 92 107 Morgantown Water 5s 1965.. J&J Mount Hope Bridge 5s 1969. J&D 89 M 8834 10334 50 M 50 M 102 95 M 101 94 M 9934 10034 7734 8234 7534 9 70 ' ' 73 . ' . 21 72 7134 ..-- 21 — 24 —- 103 10334 85 8734 X07 K 95" 92 95 4 82 M 80 97 100 87 85 8334 7334 75 , 44 M / / Certificates of deposit Nat Toll Bridge 6s stmp '39.J&J. Nebraska Pow 1st 43ns 1981. J&D Deb 6s 2022 M&S Nev Calif Elec 1st 5s 1956 A&O Deb 6s July 1941.. J&J New Amsterdam Gas—See N Y 45 F&A M&S 92 M §§>* 93 87 8834 i—» o o i—»i—' 107 M 61 53 100 Properties 3 Ms secured notes 1947..-A&O 103 M North Carolina Gas 6s 48--M&N ' J* North Central Gas 534s 1955 A&O 87 North Continent Utilities Corp— 1st coll & ref 534s '48ser A_J&J North Hudson Lt H & P Co— 37 (Hoboken, N J) 5s 1938,.A&0 104 118 ■88* 93 73 North Shore Electric Co— 1st & ref g 5s '40 op '20---A&O North Shore Gas Co of Illinois 84M 108 M J&D Newcastle (City of) W 5s *41 J&D New England G & E Association Deb g 6s 1947 M&S Conv deb 5s 1948 J&D Conv deb 5s 1950 M&N Convertible deb 5s 1962—J&J New Engl Pow Assn 5s 1948.A&O Deb 534s 1954 J&D New England Power— 3M« series A 1961 ...M&N New England Tel & Tel— 1st 5s 1952 series A......J&D 1st 434s 1961 ser B M&N Newfoundland Light & Power— 534s 1971 J&J lstsf 434s 1956 J&J New Haven Water— 1st & ref 4 34s B 1970.....A&O 1st & ref 434s O 1981 M&S 434s 1983 M&N N J & Hud Riv Ry & Ferry— 1st gold 4s 1950 M&S N J Pow & Lt 1st 434s '60..A&O 119M 10434 101M 5534 54 M 5534 6634 5634 5634 58 a* 80" 83 10234 10234 123 126 120 M 121 101 9834 113 114 115 115 114 114 48 10634 New Jersey Water Co— 100 1st mtge 5s 1950 F&A New Mex Gas conv 5s 1951 M&N 9034 New Mexico Power— 1st mtge 5s 1958 ...J&J New Orleans City & Lake— 103 1st s f 5s 1943 J&J 102 New Orleans City RR 5s*43 J&J New Orleans Pontchartrain Bdge lstsf 7s 1946 M&S / 9M New Orleans Pub Service Co— 94 34 1st & ref 5sl952 series A..A&0 1st & ref 5s 1955 series B.. J&D 9534 9034 5s stamped 1942. J&J 6734 Inc 6s Nov 1949 ser A...J&D 53 107 84 102 9134 8834 10434 103 10 534s ctfs of deposit 1961..J&J / CD Tt< 1 • i i 10234 10434 100 warr. J&D 97 9634 92 69 ser 5 Basis, e Called Feb. 1 1938, at 109. 73 (82 563* £>§M 15 51 22 60 162 40 43 53 1HM 1113 Orange & Pas Val R—See PS Corp Oregon Elec Ry 5s '33 opt. .M&N Oregon-Washington Water Serv— - 11134 , / 104 M 81 76 .. 101 100 100 98 '48-'55.J&J , A.,. 105 104M Ottawa Valley Power Co— 1st M s f 534s 1970 A&O Otter Tail Power Co (Minn)— , . .,. 106M 10534 , nn,, 10034 J&J IM&S 98 Pacific Coast Power 5s 1940-M&S Pacific Elec Ry g 5s 1942 J&J 104 lstsf 5s 1952 77 4834 , M&S Extl sink fund 5s 1963 ,,, , M&S 1961 Refunding 5s 9934 1105 52 4034 ■a 4234 50 * 4 Los 90 Angeles Pacific Co— 1st rer g4s 1950 opt '15--J&J Los Angeles Pacific RR— 1st & ref mtge 5s 1943-M&S 41 116 10834 10534 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 Pac L & P Co 1st 5s 1942—J&J1 Pac 86 Conv deb 6s Pub Serv— 105 M £101M 112M 115 *106 105 . ; , M&S / 1950 **T16M H0934 101 Ltg Corp deb 434s 1945-A&O Northwest [96 94 Pacific Gas & Electric Co— 1st & ref M 6s 1941 ser B.J&D 105 ' 60M 58 11M Pacific Power & Light Co— 1st M s 1955 F&A . . 61M 1334 64 Pacific Teleph & 99 97 89 75 99 9934 . 9234 Paterson & Passaic Gas & 103 % 10334 Sl04« 97 95 Elec . _ consol gold 5s 1949 M&S Paterson & State Line Traction— 117 1964... J&J Paterson Ry—See Pub Serv Corp Pecos Valley Gasext6 348 '44M&N 102 , 5s 95 Pecos Valley Power & Light Co 1st extended 634s 1950.-M&N 79 40 75 f 34 100 Non-cum inc deb 6s 1950-M&N 99 Penn Central Light & Power Co— 1st & ref 4 34s 1977 M&N 83 M&N 90 F&A 83 86 95 1100 9934 16 17 57 58 40 42 1st 5s 1979 Penn-Jersey Water— 1st coll 5 Ms 1960 Penn-Ohio Edison 6s 1950 ser A ex-w.M&N Deb 534s 1959 ser B F&A 1st & ref 5s series D 1954 .J&D 7 9 10534 Pennsylvania Electric 1st & ref 4s 1971 1st & ref 5s ser 85 95 Co— Deb g Penn Pub S 1st 6s ser O '47-M&N 40 10334 / Telegraph— Refmtgle3MsserB 1966--A&O Ref mtge 3 Ms ser C 1966-J&D Parr Shoals Pow 5s 1952 A&O ser Co. £107 110434 , 8534 99M M&N F >93 88 106 102J H 1962..-A&O Pennsylvania Gas & Elec Co— lstl &ref 5Ms '55 ser A..M&S 1st L &Ry 5s 1958 M&S Pennsylvania Gas & Elec Corp— Deb gold 6s 1976 ser A—M&S Pennsylvania Pow & Light Co— 1st M 434s 1981 A&O Pennsylvania State Water Corp— 1st coll trust 4Mb 1966—M&N Penn Telep 1st M 4s 1965.-A&O Penn Water 1st 3 34s A '67—F&A Penn Water & Pow s f 5s '40-J & J 1st ref 434s 1988 ser B M&S 86 10034 „ / 5M / "834 "934 69 71 / / 56 56 72 72 8434 100M * t Called Jan. 1 at. 105. [Is, 71 80 F&A A 1st mtge 4s 1961 Ozark Power & Water Co— 45 98 1st & ref M 334s 1967...F&A Northern Texas Elec Co Coll tr s f g 5s 1940 opt—.J&J / Northern Utilities Co— 1st lien 4-6s 1968 M&N 8 f reg income 3-6 34s May 1 *69 / N'west Cities Gas 6s 1949—J&J Northwest Louisiana Gas— with 8734 Ottawa L H & Power— 102 35 98 107 M Northern N Y Utilities Inc— 1st M & ref 5s 1963 J&J 1105 1st lien & ref 7s 1946 A—M&N 126 1st lien & ref 6s 1947 B-..M&N 122 Watertown L & P 5s 1959.J&J 1105 Northern Okla Gas 1st 5s '46.J&J 101 Northern Penna Power Co— 1st & ref 5s 1956 ser A J&D 98 1st & ref 5s 1962 97 A&O Northern States Power Co— 1st M 6 34s 1936 9634 M&N 1st extd 4s 1947 J&J Ontario Pow 5s '43 op to *13 F&A Ontario Transmission Co Ltd— 1st gu g 5s '45 opt bef '16-M&N Pacific N'eastern Wat & El 6s 54--F&A North Ind Gas & El 6s '52-M&N Northern Ind Pub Serv— 1st & ref 5s 1966 ser C M&N 1st & ref 58 1969 ser D M&S 1st & ref M 4 34s 1970ser E .T&D Nor Indiana Telep 4 34s '55.M&N Northwestern Electric— 1st 6s stamped 1945 M&N Northwestern Elevated (Chic)— 1st mtge 5s 1941 opt M&S Certificates of deposit Union El (Loop) 5s g*45__A&0 Northwestern Light & Power— 6s series B 1950 F&A Northwestern Power Co Ltd— 1st M s f conv 6s '60 ser A.J&J Certificates of deposit 1951-M&N 1st M 5s 1957 ser A J&D Oslo Gas & El Works (Norway)— 106 ' [SVj M., - Joint 1st mtge 4s ser A *42-J&J Public Service— 101 99 M J&D Coun Bluffs Ry & Br lstsf 6s 1947 A&O 102 117 118 97" 101] Omaha & Northeastern Newark Cons Gas con 5s *48.J&D Newark Gas 6s Apr 1 1944._Q-J New Brunswick (NJ) Lt H & Pow 92 101 J&D Ref & coll tr 5s 1957 ser A. A&O North Penn Gas Co— 1st M & lien 534s 1957—M&N GELH&P 1st mtge 3 Ms 1966 Debentures 4s 1946 Oklahoma Natural Gas— Ottawa El Ry 434s • 45 96 63 65 Omaha & Council Bluffs St Ry— 114M • 40 20 60 62 105 107 31 112 OQ Corp— 1st 634s 1943 (with warr).. 734s 1938 J&J Ohio Valley Water 5s 1954—J&J Ohio Water Serv 5s A 1958-F&A 106"" 10934 44M 10034 - 10534 J&J F&A Ltg 100 9934 1st 5s series B 1949 F&A Oklahoma Ry 1st & ref 5s '41 J&J Income 5s 1990 Apr 1J Old Dominion Pow 5s May 15 '51 107 Conv deb 5s 1957 ser A..M&S 10234 Deb 534s 1963 ser B 103 M F&A15 Deb 5s Nov 15 '69 ser O M&N15 9934 Nor Amer Gas & El 6s 1949..J&J f 40 North Amer Light & Power Co— S f deb 534s 1956 75 J&J Boston «iq?'ha 1st 5s 1942.-! J&J , Ohio Term (Gleve) 6s 1947--J&D f Ohio Val Elec Ry 1st M 5s'46J&D/ 1st M 5s 1948 5 orth American Edison Co— North , B...F&A _ orf & Ports Bdge 634s '47--F&A "orth American Co.— 1961 85 Oklahoma Power & Water 5 434 83 M fiagara Falls Power— 1st & ref 334s 1966 M&S fiagara Lockport & Ont Power— 1st & ref 5s 1955 ser A A&O 5s ser 1st mtge 4348 ser A Conv deb 5s 1946 See N Y Gas Elec Lt & Pow 6>4s 1953 9734 Oklahoma Gas & Electric— Y Water Service Corp— 1st M 5s 1951 ser A M&N I" Y & Westchester Lighting— Deb M&N / 9634 87 Certificates of deposit / 1st con 634s 1962 M&N Certificates of deposit Y Steam 6s 1947M&N 1st M 5s 1951 M&N 1st M 5s 1956— M&N Y Tel 1st 434s *39 tax ex.M&N Ref mtge 3 Ms ser B 1967--J&J 1st mtge Narrangansett Elec Co— 1st mtge 314s 1966 J&J Nashville Gas & Heating Co— 90 1st 434s 1960 M&S New York State Rys— 1st con g 434s *62 op '13—M&N 10434 Municipal Gas &E1 Corp of Reckinghausen 7sl947—J&D/ Municipal Serv coll 6s 1956.F&A / Mut Fuel Gas-See Peoples GL&C Mutual Un Tel—See West Un Tel 108 40 1st mtge 4s 1965 1st M 434s 1980 79 19 2d Income 8s Dec 15 1969..../ Mountain States Power Co— 69 1st & ref 5s 1938 .J&J 6934 1st M 6s 1938 series B J&J 105 Muncie Wat Works 5s 1965.M&N Nashville Railway & Light— Cons g 5s 1953 opt 1908 J&J Ref & ext gold 5s 1958 J&J Nassau El RR—See Bklyn Queens Nassau & Suff Ltge 5s 1945..F&A Nat Elec Pow Co deb 5s 1978 J&J Nat Gas & El Corp 5s 1953.F&A Nat Lt Heat & Pow 7s 1938.M&S Nat Lt & Pow 6s 1949 M&N Nat Pow & L deb 6s 2026 A.F&A Deb 5s 2030 ser B M&N Nat Public Service Corp— Debenture gold 5s 1978._F&A f 1st ref M 6s 1951 ser A..M&N N Y State El & Gas Corp— 105 7734 102 % ,10134 Ohio Valley Gas " 1946. A&O Montana Power— 1st & ref mtge 3 Ms 1966. .J&D Montreal Isl Pow 514s 1957 M&N Montreal Lt Ht & Pow Consol— 3% conv deb 1939 J&J 1st & colls f 31ns 1956 F&A 1st & coll 314s 1973—....J&J Montreal Tramways— 1st & ref g 5s 1941 opt J&J Gen & ref 5s 1955 series A. A&O Gen &ref 5s 1955 ser B A&O Gen&refs f 434s *55 ser C A&O Gen & ref 5s 1955 ser D.A&O 1st & ref 434s 1956 ser Deb g 6s 2024- 1st mtge 48,1962--. F&A Ohio River Bridge & Ferry—_ 108 ] N. Y. & Richmond Gas Co— 7234 9134 110534 107"" 10534 110734 D.J&D *105 J&D %115M Ohio Public Service Co— 9234 J&J stpd 1958 B'way & 7th Ave 5s 1943. J&D / Montana-Dakota Utilities— Conv deb 414s 10434 Tew York Rys Corp— )ebenture 6s 1965......A&O Mont Cities Gas 7s A1937..M&N Montana-Dakota Power— 100 Ohio L & Pow 1st 5s 1944-M&N Ohio Pow 1st & ref 5s 1952 B J&J 1st & ref 7s 1947 107M 105 - 111 T Y & Queens Elec Lt & Pow— 1st & cons M 334s 1965--M&N 52 , 112M -A&O 8534 , 9434 Y & East River Gas—See NYGELH&P— 12 s 60 Deb 5s 1956 F&A Oberpfalz Elec 7s 1946 J&D / 2034 Ocean City Coastal Highw Bdge— 634s w:th stock 1947 J&D / 40 Ogden Gas 5s 1945 M&N *103 M Ohio Assoc Telep 4 34s 1966-J&D 9834 Ohio Cent Telep 1st 6s '47--J&J 8934 Ohio Cities Water Corp— 1st M coll tr 534b'53 ser A.J&J 7234 Ohio Edison 1st & con 4s *65 M&N 10234 1st mtge 4s 1967 M&S *10034 1st mtge 3 Mb 1972 -J&J * 9634 Ohio Elec Pow 1st M 5s '57 J&D 82 72 102 :::: 37 9834 f 4s 1957 NY PA NJ Utilities- 102 61 '8334 J&D 1st M 1st 1 & ref 3 34s ser D 1965. A&O 1st lien & re* 3 Ms ser E'66 A&O r Y Gas Elec L H & P Co— _ 4s Dec 15 1939 101 101 75 65 Mobile Gas Service Corp— 1st 5s 1956 A&O 1st cum Inc 9s ser A '56--A&0 f Income 7s 1956 A&O / Mob Lt & RR 1st g 5s '37--J&D guar) 104 100 1 ewport Water 5s 1953 M&N ew Rochelle Wat 534s *51.M&N 1st 5s series B 1951 M&N r Y Cent Elec 1st 534s *50.M&S 1st 5s 1952. J&J 89 Sept 23 Northwestern Utilities, Ltd— 1st ref 6-7s ser A 1949 J&D Nova Scotia Light & Power Co— 101 1st & ref 5s 1944 J&J Newp News & Old Pt Ry & El 1st g 5s Nov 1 1938 M&N 99 M 9834 1st s f 6s 1953 M&S Missouri Telephone— 100M 4 lis series O 1961 M&S 7 Missouri Val Pub Ser 6s '39 J&J / 87 Mobile Bay Bridge 7s 1951-J&J S. 46 2d sinking fund 7s 1951 J&J 5s 1937 (not 10334 10334 as Lt 6s A 1961. .J&D rt Ga I 63 Ask Bid Bonds Northwestern Pub Serv Co— 85 1st M 5s ser A 1957 J&J N"western Teleg 1st 4 34s '44-J&J k 197 _ I 80 Ext 1st 534s-634s 1944 ,11 Ask 1 59 1st & ref 6s ser B 1957 J&J 1st 4r6s 1956 A&O Missouri Power & Light— 1st mtge 3 Ms 1966 J&D Missouri Public Service Co— lstsf 5s 1960 F&A Missouri Rlv Sioux City Bdge—- Bid Bonds Ask Bid Bonds f" and Income and defaulted bonds the month preceding the date of issue /This price includes accrued interest, k Last sale, n Nominal. 75 75 8534 101 ,8634 105 100 107 M 109"" 10834 10834 Jan., 1938] are Quotations for all securities Bid ser A '67.F&A 78 75 80 Peoples Gas (N J) 1st 5s '68-J&D Istsf554sl960——— J&D Peoples G & Fuel 6 54s ww'37 A&O / 1654 People's G L & Coke, Chicago— 1st cons g 6s 1943.. 115M A&O Refunding gold 5s 1947—M&S 1st & ref 4a 1981 ser B____J&J 1st & ref mtge 4s ser D Mutual Fuel Gas g 5s* 1854 11654 11054 10954 87l| 87 9054 '61 -J&D 9154 1135? 47 M&N 11354 Peoples Light & Power Corp-— ■ 1st lien 554s 1941—..—--J&J f Conv deb 5s 1979— J&J 7554 7|* _ 50 3-6s 1961 Peoples Telep (Butler, Pa)—4s I960... ——J&D Peoples Tract—See Phlla R T Peoples Water Service (Md)-— 99 — . 1st lien 6s A 1949 w w—F&A Teorla Water Works Co— 1st consol 4s 1948 M&N 83 Prior lien 5s 1948.......M&N 1st con 5s 1948... —M&N 1st & ref 5s 1950 F&A Debenture 4s 1950........... 103 87 9954 10054 106 98 9754 ?oH Philadelphia Company— Secured gold 5s 1967 "and Interest" except where marked "f" and Income and defaulted bonds closing day of the month preceding the date of issue are as near as possible for the Bonds Ask 76 Bonds Penn Wat Serv 5s J&D 9354 1958..A&O Duquesne Lt 1st 354s *65-J&D 10754 Duquesne Trac 1st 5s '30-J&J / 80 Pittsb Rys 5s 1953__ 80 A&O 2d Ave Tr 1st 5s 1934—-JAD 30 So Trac 1st & coll tr g 5s'50A&0 29 United Trac 5s 1997 ctfs.. J&J West End Trac con 5s '38.J&J 30 Philadelphia Electric— Public Utilities Consol Corp— 1st M 554s 1948—. M&S Secured conv 6s 1938 M&S 1st coll 4-5Ma 1948 A&O _ „. 5$sl967--M&S Philadelphia Elec Power Co— 1st mtge 554b 1972 F&A Phlla & Garretsford St By—, 1st & ref mtge 3 106 10654 111 1st 6s 1955 F&A Philadelphia Rapid Transit— Coll tr g 5s 1957 opt s f— F&A 11154 45 72 65 72 80 J&J Ches 42 --M&S M&S Sf guar 5s 1962.. 6s gold 1962 1st m r e 6s 1944 Darby Media & 1st 4Mb 1936 30 85 StRy J&J / Hest Mantua & Fairm —1st extd 554sl939 .M&N Market Street Elev Pass Ry 1st g gu 4s 1955 M&N Union Traction— 'll(, ... Elec & Peo 4s tr ctfs '45.A&0 / People's Traction Co-— P P Ry tr ctfs 4s 43-F&A f Union Traction 4s 1952-J&J Phlla Suburban Water Co-— 73 76 89 15 58 8854 9054 17 12 107 8 60 5H^1959_M&S 9554 Portland Gas Co 1st 5s 1951 .F&A Portland(Me) Gas L 5s A'50 A&O Portland General Elec Co— 1st & ref 4Kb I960--.—-M&S 88 10454 10054 25" 2054 1254 1354 56 53 103 58 55 Elizabeth & Trent 5s *62.A&O J O Hob & Pat 4s 1949...M&N Orange & Passaic Valley— 1st 6s 1938...... ...J&D Paterson Ry— 2d 6s '14 ext 5% to *44.A&O So Jersey Gas El & Trac— Guar g 5s Marchl .1953.M&S Public Service Co of Nor HI— 1st & ref g 5s 1956 op '21..A&0 1st & ref 5s 1966 series O JM&N 1st & ref 4Mb 1978 ser D.M&N 1st & ref 4Mb 1980 ser E.J&J 1st & ref 4 Kb 1981 ser F.A&O 1st I & ref M 4M ser I '60.J&J & Basis. 1962 Rochester & Lake Ontario Water 5sl938 M&S Roch Ry cons 5s g 1930 A&O f 2d 5s g 1933 ctfs of dep J&D f 1st M conv 5s ctfs 1957.M&N Rockford Elec Co 1st 5s '39.M&S Rockland Light & Pow— 70 68 8354 8554 73 77 115 1 • 10854 10454 1 10454 1 1 11 1 tit 101 52 32 97 49 28 ■ • 1 1 1 . 105" 103 100 99 102 1st mtge 4sMay 1 1965—M&N San Diego Co Wat 6s A '62.M&S San Diego Water Supply Go— 1st m s f 5s 1955. M&N San Francisco Bay Toll Bridge— 1st M sink fund 654« '57-M&N Deb s f 7s 1942— M&N 109 110 10314 102 54 154 12854 .... 103 101.54 9854 100 96 A&O 5 112 110 6sMay 1 1935 J&J ivannah Elec & Power Co— 1st IOI54 f 5s 1955 21 20 ivannah '& AtlantaRy— 1st 8 ser A.. 1 cons 8 981 9954 lIBfc Savannah Elec Co 5s g *52- J&J 109 • *46 414 96 63 76 103 48 75 1st 4Mb 1958 M&S cranton-Spg Brook Water Serv— 1st & ref 5s 1967 ser A ..F&A 1st & ref 5s series B1961.F&A cranton Trans ser A 93 4s series Income 65 0914 76 76 80 53 18 . 50" .... B1959 5s'59.A&0 ...-A&O 3sApr 1 1959 M&N mttle-Everett Traction— 1st M g 5s 1939 opt 1914—M&S 111 10554 10354 10354 10254 10454 III* 107 714 85 10014 7714 77 54 85 58 20 99 57 100 104 117 Battle 106 58 Lighting Co— 1st 5s .M&S 1944.. 5s 1949 / .... 10354 105 10014 102 10454 10454 k Last sale, n Nominal, 104 102 102 34 66 90 9454 10854 10254 10654 Debenture 3 Mb 1940—M&S Debenture 3fia 1945 M&S Ref mtge 3 ma May 1 1960.J&J Ref mtge 3 Ms ser B I960.. J&J 104M 10454 Southern California Gas Co— 1st & ref 4Mb 1961——M&S 1st M & ref 4s Aug 1 '65. F&A Southern Calif Water— 10754 10754 A&O 91 —A&O 106 Southern Cities Utilities Co— 1st lien & coll 5s 1958 A&O Southern Colorado Power Co— 35 1st M 4 Mb 1960 Southern Canada Power— 4Mb 1962 9954 J&J (Calif) —-M&N 1st M 4Mb 1968Southern Gas Utilities, Inc— 1st M s f QMa 1939 ser A.M&S Southern Natural Gas Corp— 10554 Adj mtge inc Jan 1 6s '60-A&O 7554 9654 99 1st M pipe line s f 4 Mb '51 A&O Southern Neb Pow 5 Ma B'47 J&J 65 121 Telep 1st 5s 1948.J&D Southern Trac—See Phlla Co Southern Union Gas— & ref 554s series 11945 A&O 1st & ref inc 5 Ms ser 11*45 A&O f 1st s f 6s 1942—.A&0 Southern United Gas Co— 1st lien 6s 1937 with warr.A&O rCanadian price. 49 10-year coll 28 28 56 Certificates of deposit... Non-cum 6s (ws) 1951..... Southside Va Pow 5s 1956—F&A Southwest Gas Co (Okla)— 1st s f 6s 1954 .....M&N S'west Pub Serv 654s 1937--M&S 85* 70 f 52" 52 5 88 Bell Telep— 354s ser 10854 B '64. J&D Gas & Elec Co— 102 M 99 D 1960 M&N Ser deb 4s A 1938-1945-.M&N Southwestern Light & Pow Co— 1st M 5s 1957 ser A— F&A 1st M 5s 1957 ser B .F&A Southwestern Power & Light— Deb g 6s 2022 series A M&S Southwestern Public Service Co— 1st M s f 6s 1945 ser A J&J Southwestern States Telep Co— 1st M 6s 1948— M&S SI* 97 76 102 52 105 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 A1956 A&O Springfield (Mo) Gas & Elec Co— 1st mtge 5s 1957 ser A—.J&D Springfield (Mass) St RyRer & gen 6s 1940———M&S Springfield Terminal Ry 7s 1942 10454 105 90 102 31 65 118 Stamford Water 1st 5s 1952..J&J 1st & ref 4s 1947 ser D Q-Jan 1st & ref M 5s ser F 1955-M&S 9854 133 102M 10154 110 10354 Ry debenture 4 Ha 1943—J&D mda Falls Co Ltd— 65 7354 Corp, 3 Mb debentures 1962 A&O Southern California Edison— 1st & ref mtge 4s I960....M&S Southwestern 1st & ref M Southwestern 1st 4s series 109 M 103 101 Santa Barb Tel 3 Ha ser C'66 J&J Sandwich Windsor & Amherstb'g 10554 J&D South Bay Consol Water— 1st ref 5s 1950 M&N South Carolina Power Co— 1st lien & ref 5s 1957 J&J South Jor G E & T—See Pub Serv South Pittsburgh Water Co— 1st lien & ref 5s 1960 ser A.J&J 1st lien & ref 5s 1960 ser B- J&J 1st M 5s 1955... -F&A So Texas Gas 654s 1938 A..M&S Southeastern Gas & Water Co— 1st lien 6s 1944.J&D 1st lien 6s x-w 1941— J&D S'eastern Indiana Pow 6s '43 M&N 102 10214 104 San Jose Water Works 1st mtge 354s ser A1961—J&D 97] Southwest Telep 6s B 1947.M&S 1st 6s series O 1947— J&D Conv deb ser A 1932 J&D Southwestern Assoc Telep Co— 1st M 5s 1961. A&O 100 M 10254 105 130 102 112 Stewart Mt Pow 554s '57-A&0 San Angelo Telep 1st 5s 1958 F&A 100 93 9854 98 111 102 San Joaquin Lt & Power Corp— Unif & ref 6s 1952 ser B M&S 96 97 M Southern Utah Power Co— 1st M 554s May 1, 1960..M&S San Antonio G & E 6s 1949.M&S San Antonio Public Service— 1st ref 6s 1952 series A....J&J 1st & ref 5s 1958 ser B——J&J San Antonio Tr 1st 5s '49 M&S San Diego Consol Gas & Elec— 10354 10554 105 10354 9954 „ M&S 105 1035^ mmmmm 9614 Salmon Rlv Pow gu 5s 1952 F&A Salt River Val Water Users Assn 6s 1938-1943-—— F&A Refunding 6s 1956... M&N 2854 X9^* 98 OOI 1951-A&O . 10054 10154 102 1023 South N E 112 St Louis Springf & Peoria RR— 1st & ref gu g 5s *39 opt—J&D — 10954 94 1st & ref 5s 1946—...—.J&J 1st mtge 4Mb 1947— J&D 3-454s serial notes 1939-43-J&J St Joseph Water 4s A 1966--A&O St Louis Co Gas 1st 5s 28" 106 101 10854 9854 10054 9954 105 fk 2054 6sl95f-J&J 1st g 6s 1947 series A Southern Counties Gas 1st M 5s 1938 M&N Rome (Ga) Ry & L 5s '46—-A&O Ruhr Gas Corp 654s '53 A A&O / 26 Rumford Falls Pow— Gen M 454s May 1948 M&N 103 lsts f 4s Oct 1945 A&O 99 Safe Harbor Water Pow Corp— /This price includes accrued interest, E 87 21 S'eastern P & L deb 6s 2025-M&S Southern Bell Telep & Teleg— _ ...M&8 Gen 3Ms series G 1966—-M&S Gen 3Ms series H 1967—-M&S series St Paul GasLight— Gen gold 5s 1944 J&D Camden Sub 1st os 1946-J&J Consolidated Traction— Extended 5s 1938 J&D Ellz Plalnf & Cent Jersey Ry— 1st g 5a Dec 1, 1950—J&J Ellz & Rarltan Rlv 5s '54.M&N —— 68 65 101 5054 10454 Public Gas'&Ooke 5s 1952—J&D 1 27 Public Service Co. of Colorado—■ 1st & ref 6s 1953 series A.M&S 104 1st & ref 554s *54 ser B—M&S 103 1st & ref 6s ser O 1961—M&N 10454 Deb 6s 1946 M&N 99 Pub Ser of Indiana 6s 1952.F&A 9154 Public Service Co of N H— F1966— 22 10454 64 Somerset Lighting 5s 1939..F&A Somerset Un & Middlessex Ltg— Mtge g 4s Dec 1,1943 64 95 5s 96 Sierra Pacific Power Co— 1st & ref 5s 1960 ser A....M&S 1st 5148 ser B 1957 M&S Silesia Elec Corp s f 614s'46 .F&A Sioux City (la) Serv 9314 19 io5" _ 1st 354s series §5" 6s 1941 -— Richmond (Ind) W W Corp— 1st M 5s 1957 -M&N Richmond (8 I) Lt & RR—■ 99 . Public Service Corp of N J— Trust certs 6% perpet—M&N 95 2954 1st mtge 5s 1950...—...A&O Roanoke G-L 5Ha 1951—F&A Roanoke Ry & El 5s 1953—F&A Roanoke w W 6s 1950 ...J&J Rochester Central Power Corp— Deb g 5s 1953 M&S Rochester Gas & Elec Corp— Gen mtge 4 Mb 1977 ser D.M&S 103 h 10351 10351 9951 B.M&N Sioux City Gas & Elec Co— 1st mtge 4s 1966 J&J Serial deb 3s to 1941 J&J Serial deb 5s 1942-46 —J&J 50 49 1st M 6s exten to 1950--..J&J 10354 Portland <Me) RR 3Ha 1951 - J&J 59 61 1st 1 & con m 5s 1945—M&N 8354 8454 Porto Rican Power 6s 1950-M&N 98 Porto Rlcan Rys Ltd 5s 1962M&N 95 Porto Rico Telep 6s 1944-.-J&D 10054 Postal Teleg & Cable 5s '53.J&J / 12 1254 Potomac Edison Co— 1st mtge 5s 1956 ser E—M&N 107 110 1st M 4Mb 1961 series F—A&O 110 10754 Potomac El Pow— 1st mtge 3Ks 1966....—J&J 104 10454 Power Corp of Canada Ltd-—_ Conv deb 4 He 1959 Ser B.M&S 10054 100, Conv deb 5s ser A 1957—J&D 10254 10354 Power Secur coll tr 6s '49.-J&D MOO Nov 3 Providence Gas 4s ser B1963 F&A 107 109 Provincial L H & P 5a '46-M&S 105 Prussian Elec 6s 1954---—F&A / 35" 21 1st mtge 3M*ser O I960-.F&A 1st mtge 354s ser D '60—M&N 1st 3 Mb series E 1961.....F&A 64 60 10314 28 Saguenay Power 4Mb A1966 A&O 1st 4Mb series B 1966 A&O Serial notes 254*4s to'46 J&D St Clair County all) Gas & El— 1st cons guar 5s 1959 -M&S St Joseph Ry, Lt Heat & Power— 102 Portland (Ore) Gas & Coke-— 1st & ref g 5s '40 opt 20.-J&J 1st l'n & gen 454s 1940...J&J 69 it* 1st coll tr g 4s 1952———J&J Rio Grande Valley Gas Co—■ ser _ F&A 1st mtge 8 f 4 Ms 1979—-J&D Saguenay Elec 554s A 1953.J&J Pittsburgh Rys—See Phlla Co Pittsburgh Suburban Water Serv / 98 181* 1st s f 4s 1965.. M&S 10654 Phlla & Western By 5s 1960-J&J / 5 Piedmont Hydro-El Co (Italy)-— 1st & ref s f 654s I960 ser A A&O 57 Pinellas Wat Co 90* Pitts Canonsburg & Wash 5s 1937 / 60* 32 30 30 1936 f68 5914 Shenango Val Water 4s B'61 A&O Shinyetsu Elec Pow (Japan)— 1st sink fund 6J4s 1952...J&D 106 Shrevp't Bdge & Term 5s'55-F&A Shreveport Rys 1st 5s '38-44.J&J §1* 28 28 sec notes 1st coll tr 4Mb 1st coll tr 4Mb ser D '70.A&O 1st coll tr 4a ser F 1961.-A&O Direct mtge 6s 1952....-M&N Con mtge 6s 1953 F&A Cons 6s 1955...—...... A&O 7% Shawinlgan Water & Power Co— 1st M&col s f 4!4s'67 serA A&O 101 43 Rochester & Syracuse RR—„ 7 6 82 1st 1 & ref 5s 1958-------M&8 Pittsburgh Trac 1st 5s 1927-A&O Plalnfield St Ry 6s 1942 -J&J Plainfleld-Un Wat 5s A '61.M&M Platte Valley Telep 6s 1947-/&J 100^ 45" Bid Bonds . 20 65 100 1st & ref 5s 1950 ser O...M&N 1st & ref 4Mb 1950 ser D.J&D Puget Sound Tel 6s A 1952.J&J Quebec Power— 1st & coll 4s1962 94 H —.—M&S 117 Queensboro Gas & El 5s '52-J&J 32 M Conv g deb 5Ha '52 ser A. a&O 108 Quincy El Lt & Pow 5s A'47 M&S 104 Rapid Transit St Ry 8s 1941-a&O 92 Republic Nat Gas 1st 6s 1954J&J Republic Service Corp—* 1st coll trust 5s 1951....-J&D 61 Rhine-Ruhr Wat Serv Union— Extl deb 6s 1953—. J&J / 19 Rhine-Westphalia El Pr (Germ'y) 28 Mtge g 7s 1950 M&N 85" „ Ask 32 58 Puget Sound Navig 6s 1938.M&N Puget Sound Power & Light—_ 1st & ref 554s 1949 ..J&D 10854 3d" Bid Public Service Co of Oklahoma' 1st mtge 4s ser A 1966....F&A Serial aebs4s Feb 11946.. F&A P Serv of Penn 1st 554sA*53. J&D Ardmore Street 5s " 77 UTILITY BONDS PUBLIC NOTICE—-All bond prices 105 Stand Elec (Calif) 1st 5s '39.M&S Standard Gas & Elec of Delware 51 0%g notes 1935.—. -A&O Certificates of deposit.. 5054 Debenture 6s 1951. ..F&A 6254 Debenture 6s 1966—.. 52 J&D 6% conv notes 1935 J&J 5054 Certificates of deposit 5054 Standard Power & L Corp— Deb g 6s 1957 —.—F&A 4854 Standard Public Service Corp— 1st lien 6s series A1948...F&A 43 1st lien 6s 1948 ser B—.J&D 43 Standard Telephone Co— 1st 1 coll tr 554s >3 ser A.M&N / 60 Conv deb 6s 1938 13 .M&N / Stettin Pub Util 7s 1946—A&O 2054 Steubenvllle Wellsburg & Weir ton 10 Ry 1st 5s 1951—— -A&O f Stewart Mt Pr—See Salt Riv Vail Suburban Lt & Pow 6s 1938.F&A 103 Super-Power Co, of 111— 1st 4548 1968 M&S 10454 1st M 454s 1970 105 ....M&S f\ Dec. 13 97 • PUBLIC 78 BONDS UTILITY NOTICE—All bond prices are "and interest" except where marked "f" and Income and defaulted bond* Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bid Bonds Sutter Butte Canal 6' 5 Syracuse Gas g 5s If 6 '43.M&S J&J Ask 93 98 124"" Syrac Rap Tr 1st g 5s 1946-M&S 2nd mortgage 5s 1930---—J&J / Taiwan El Pow s f 5 ks 1971-J&J 105 16 5 55 75 84 118)4 18 8 62 80 Bid Bonds United Rys of St LouisGen g 4s July 1 1934 Telephone Bond & Share Co—- 59 J&D Deb 5s 1958 Telephone Service (Ohio)— 61 68 69)4 100 City & Sub Pub Serv 5s *34. J&J / United Securities Co— CoU s f 5)4s ser A 1952—M&N Coll s f 5%a ser B 1952—M&N United Telep Del 6s A 1948 A&O United Tel & Tel 6)4s A'53.M&N 1st lien 6s ser B 1953 M&N United Traction (Albany)— 88 92 85 83 78 79 84 57 H • 60 61 57% Terni Hydro Elec 6Hs 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 By 5s'37 M&N Texarkana Wat 1st 5s 58-JP&A Texas Cities Gas 1st 5s 48—M&N Texas Consumers Water— 1st 6s A 1939— A&O Texas Elec Ry 5s 1947----—J&J Tex Trac 1st 5s 1937 opt—J&J Texas Electric Service Co— 1st mtge 5s I960-—J&J Texas Gas Util 6s 1945-.—A&O 1st 2-6s 1951-—--M&S Texas Hydro Elec Corp— 1st mtge 6s ser A1956.—A&O Texas Pow Corp 6s 1956—-M&S 11* 103 104 102 % 10l 90)4 6 1)4 24 23 74 94 103 97 104 75 77 4 28)4 6% 75% 60 65 70 108 1949—M&S Troy Gas Co 1st 5s 1939—M&N 84% 60 110 100 52"" 5s'57--J&J 2d 6s 1939 F&A 23 Street Ry—See N Y Rys Twin City Rapid Transit Co— 1st lien & ref 5Ha A 1952J&D 1st lien & ref 5 Ha B 1952- - J&J Twin States Gas & Electric—■ 1st 1 & ref 5Hs 1945 Ser A.M&S 85 70 65'" 59)4 56 "el* Trent'n Pass Ry 1st ext 6s'61 A&O Trenton St Ry ext 5s 1968--J&J General 6s 1941 --J&D Tri-Oounty Telep 4J*s B *56 A&O Troy City Ry 1st cons 5s'42 A&O 29)4 654 35 40 81 - Union Elec Co of Missouri— 1st mtge & coll tr 354s 1962 10 Union Elev RR—See N W Elev Union Gas & El 1st ext 5s '40M&S Union Gas Co. of Canada— 1st serial 3 Ha 1937-38 J&D 1st serial 4s 1939-42 -J&D 1st serial 4 Ha 1943-45 J&D 1st 4 Ha 1950——J&D Union Gas System—1st M & coll s f 5s 1948—J&D Union Passenger Railway— : 1st 4s Miir31 1961-—-A&O 2d ext 4s Mar 31 1960 A&O Union Pub Serv (Del) 6s '39-J&D 100 100)4 62% 60 %* 104 105 96 100 94 70% 75 10654 107 103 103)4 96 100 11 23" 97 70 55 68 95)4 88 85 94 78 96 69 68 66 43 61 60 58 46 113, 104 106) 53 Anacost & Pot 5s 1949— -A&O 1st guar 5s 1949 A&O |7 second pref series A 99 102 15 113)4 55" 98 39 - — United Pub Util Corp— Oonv coll tr 6s A 1960—..J&J Oonv colltr 5)4S B 1960—-J&J 98 68)4 104 % 41 102 104 75% 2 1H 73 72 United Rys Cos 4% ctfs '49-J&J United Railways of Havana- 9 73 28 F&A 74 12 H 2254 554 .* 100 ilg & 154 8% * 74 13 H 144 % * Preferred $6 series —.—...* 90 4 —25 $6 1st preferred 110 H 10754 103% 11* 80 102 93 2 —.* Appalachian El Pow 7% pref ..* 108)4 104 H ——.——* Arizona Edison com .10 3)4 354 6H ..50 3)4 29)4 Arkansas Natural Gas Corp....* Class A non-voting-........-* Preferred Arkansas Missouri Power— _ 1st ext 3)4s 1956——A&O 2d extended 1956——.M&N West Texas Utilities Co— 1st M 5s 1957 ser A......A&O West Virginia Ohio River 50 62 65 75 97)4 99 H Common. 72 6% preferred. 84)4 A&O Westchester Elec—See 3d Ave Ry Westchester Lt 1st g 5s *50-- J&D Gen mtge 3Ha gtd 1967...J&J Westchester Serv Corp 6s '48 A&O / 4s 1948-1953 -A&O Western Oont Util 6s 1944 M&S f no* 93 Western Lt & Telep 5s 1954.A&O Western Mass Cos— 103)4 3%% coup notes 1946.—J&D 107 Western N Y Utilities 5s '46. J&D Western N Y Water Co— 97 1st M 5Ha 1950— M&N 87 1st M 5a 1951— M&N 90 1st 5s series B 1950— -J&J 76 Deb s f 6s extd 1950 M&N 104)4 Western Pow (Can) 6s 1949—J&J Western Public Service Co—__ 70 1st & ref 534s 1960—F&A 70 Western States util 6s A '45.A&O 85 H 12V/ 102 21 A ....... J* 96 104 H 100 88 95 105 H 73 60 60 H 60 % 65)4 60 50 99 Williamsport Water Co 1st M 5a Aug 1952ser A.. -F&A A&O 12 b Basis, 101)4 97 !4 preferred 5 preferred 6 preferred I .* 4 7 6 6 * .—.—.* * —... * * — $6)4 preferred $7 preferred ... 7 132 Assoc Telep Co Ltd $1.25 pf—* Assoc Telep & Teleg $6 pref * $7 1st preferred-—.......100 $4 preferred.............—* 61)4 60)4 Sept 25 105)4 62" 100)4 23 29 40 6)4 3 Class A. * Atlanta Gas Light 6% pref. .100 Atlantic City Elec $6 pref-..... * Bait Transit Co v t C—— * Preferred v t c———..... 100 78 110 2* 17 120 105 95 Bangor Hydro Elec com.... .25 7% ptef& red .100 6% preferred -100 Baton Rouge Etec Co $6 pf— * Beauharnois Power com 100)4 104)4 104)4 -* Option warrants 9954 Mut Un 6s ext at 5%to'4lM&N k 106 Western United Gas & Elec Co— t CaUed Jan. 1 at 105. 6% preferred- Associated Gas & Elec com ....1 Common class A 1 _ _ 70 Arkansas Pow & Lt $7 pref.—.* Original preferred........ West va Water Service— 1st mtge 4s 1961 Wilmington Ry Bridge— 1st 5s 1943— t Galled April 1 at 104. 101)4 8% American Telep & Tel eg 100 Amer Utilities Service common.* ■» 121H Westphalia United El Pr (Germ) 1st M s f 6s 1953 J&J / .... Wheeling (W Va) Electric Co— 1st M 58 1941 opt.—.—M&N 10754 101 White Plains Ltg 1st 5s '38--J&J Wichita Water os 1949-.—-M&S 104)4 1st M 5s 1956 ser B ..F&A 101H 1st M 5s 1960 ser O. M&N 104)4 66 26 ♦ Amer Superpower Corp com First $6 preferred 6% preferred Western Utilities Corp— 6% notes 1937 ....M&N 15-year s f 6s 1952.... —M&N Westmoreland Wat 5s *52- -J&D 72 3) 14) 85 17 )_ 1)4 25 25 * 6% preferred M 5s 1963 series E M&S M 4s 1961 series H—J&J M 3 )4s ser 11966 J&J Penn Tr 1st 5s 1960—J&D West Phila Pass Ry— 1st 5)4s 1955 ser A—.... J&D 1st 5s series B 1957——M&S 105 & 110)4 Amer Wat Wks & Elec com.....* 1st 1st 1st West 30-year 60 25., American Service $3 preferred. .* Amer States Utility com 1 Preferred25 112 80 95 90 88 f ser 81 57 * 5 preferred . — Amer Public Serv pref—.. 11 109 70 63 53 48 75 6 preferred- 11 „ 91 58 46 $6 preferred American Light & Traction6% preferred. Amer Power & Light com... 75" 61 51 Warrants.. 88 101)4 w .* 106 H 106 97 105 102 112 70 H 74 H —* 105% 10 5H . 23 10454 ... Amer Gas & Power com 1st $6 preferred I 62 67 60 19 ——— 107 Western Union Telegraph— CoU tr 5s 1938 ——J&J ^ $6 cum pref Warrants mtmmm 55 PUBLIC UTILITY STKS. Alabama Power $7 pref ♦ $6 preferred —......... * $5 preferred — ♦ Alabama Water Service pref ♦ Allegheny Traction—See Phila Co Allentown Beth Gas pref —50 Amer Cities Pow & Light d A 25 Class A opt div ser w w ..25 Class B 1 Amer Dis Tel of N J com ——* Preferred——.—.100 Amer & Foreign Pow com—— $7 preferred. .* Amer Gas & Elec com mmmm 106 43 99)4 — 104 k 93 42 -J&D 110 79 . .... 105)4 105 Yadkto River Pow 1st 5s *41 A&O Yonkers Ry—See Third Ave Ry York (Pa) Gas 1st 5s 1941.M&N York Haven Wat&P 1st 5s'51 J&D York Rys 1st M «r 5s '37 opt. J&D 5s stamped 1937 109)4 94 \l* „ Union Ry—See Third Ave Ry Union Traction—See Phlla R T Union Water Service Co— First lien 5Ha *51 ser A.M&N Union Water wks Co— 1st lien 5Ha 1942—-M&S 15 Unit Elec Co of N J 4s *49—J&D United Elec Rys (Providence) Gen ref M 5s Jan 1951 ser A— Gen ref M 4s Jan 1951 ser B. United Elec Serv (Italy)— Extl 1st s f 7s 1956 ser A—J&D United Gas & Fuel (Hamilton)— 1st s f 5Hs 1948. J&J United Ilium Co New Haven— 1st 4s Feb 1 1940 F&A United Light & Power Co—.. Deb gOHa 1974 —M&N 1st 1 & consol 5Ha 1959—A&O Deb g 6s 1975 M&N United Lt&Rys (Me)6s A*52 A&O Deb 6s 1973 J&J Un Lt Rys (Del) deb 5)48.62 F&A United Public Service Co— Colltr 6s 1942 ser A—.A&O '.a* _ 7 . 97 97 97 106 as Wyoming Vail P S 6s 1971--A&O West Penn Power— _ . 50% West Coast Telep 5s A 1953-J&J West End St Ry—See Boston El West End Trac—See Phila Co West Ohio Gas 6s A 1954—J&D West Penn Elec deb 5s 2030-A&0 2 _ J&J J&J 3% notes, 1942 11 50% . 100)4 105)4 1st mtge 4s 1961— J&D Wolverine Pow adj 4 )4s Mar 1 *59 Worcester St Ry 5s A 1947. J&D Worcester Transit Association— Cum income 6s 1952——J&D Cum income 6s (w s) 1952-J&D „,, Telep 6s 1942.M&N - 10354 105 113 J&J M&N 1st mtge 4s ser 4s serial deb June 1 1938-1946. Wisconsin Public Service Corp— , City & Sub 5s g 1948—F&A Washington Water Power Co— 1st ref 5s 1939 op J&J 1st & gen 5s 1960 —J&J Washtenaw Gas 1st 5s 1953—J&J Waterloo Ced Falls & No Ry— 1st M s f g 5s 1940—J&J Certificates of deposit Watert'n L&P—See No N Y Util. Waukesha Gas & Electric Co— 1st 5s 1959 —J&J Wayne United Gas 6 Hs '44. J&D West Canadian Hydro-Elec— Gen & ref 7s 1947 1st & ref 8s 1944 85 10254 Light— A1966——J&D 76 8 116 ■ 119)4 A w w 1950-.—-.J&J Conv deb 6)4s 1945 J&J 45 f 86)4 73)4 8754 81 Washington Gas & El Co— 1st sf 5Ha 1947 —F&A 1st M 5)4s 1953— J&J 1st M 5s 1955— M&N 1st lien & ref 6s w w 1960-F&A Washington Gas Lt 5s *60—M&N Refunding 5s 1958 J&J Wash Ry & El g 4s 1951 J&D 1st 6s ^ No par value, 22 Bridge 3H-6Ha, 1960—J&J Tyrol Hydro-Elec Pow Co-1st M s f 7 Ha 1955—M&N Guar s f 7s 1952 —F&A Ujigawa Elec Power (Japan)— 1st M s f 7s 1945 M&S15 * '6 - Warren Ohio mmmm Wisconsin Power & — _ 10254 83)4 A&O Co— J&J Wisconsin Minn Light & Power— 1st & ref 5s 1944 opt '19..M&N „ni. 1st lien gen M 5s 1944 F&A 1st lien & gen M4%8 1944.F&A Utica Belt line Street Ry— 1st 5s 1939 —-.M&N / Utica El L & P 1st 5s 1950—J&J Utica G & El ref & ext 5s '57 J&J Utica & Mohawk Valley Ry— 1st 4)4s 1941. M&S / Utilities Power & Light Corp— Deb g 5)48 1947 -J&D / Deb &1959 F&A / Utilities Public Service Co— Conv 6s 1933 —J&D / - Hydro-Elec Co— 1st M 5s 1947 Wisconsin Michigan Power 1st mtge 3)4s 1961 101 20)4 85)4 104)4 68)4 39)4 . — 76 72 Tokyo Elec Light Co (Japan)— 1st g 6s 1953 series—J&D15 Toledo Edison 5s 1962. M&N 1st 4s new 1942- Ex-dividend. 67 67 3)4 Con g 4)4s 2004 J&D / Unit Trac (Pgh)—See Phila Co Unterelbe Power & Light Co— Sink fdM 6s 1953—A&O / Utah Lt&Tr 1st 5s 1944 A..A&0 Utah Power & light Co— Deb 6s May 1 2022 M&N 99)4 Vermont LtgOorp 1st 5s*44 A&O/ 15 104 Vesten ElecRy 7s 1947 J&D / 21 Virginia Electric & Power— 1st & ref M 4s ser A 1955.M&N 10954 Virginia Public Service Co— 3 1st & ref 5%a 1946 ser A—F&A §5 3 1st & ref 5s 1950 ser B J&D 83 1st & ref 6s ser O 1952—M&S 92 98 Deb s f 6s 1946 F&A 70 Virginian Power 1st 5s 1942. J&D 107 24k Wabash Telephone— 1st M 4)4s A 1956 J&J 100 84)4 Texas Traction Co 5s 1937--J&J / Third Avenue Ry (New 7,ork)—i 1st ref g 4s 1960 opt aft 14 J&J AdJ toe g 5s Jan 1960 opt--A&O f Third Ave RR 1st 5s 8 37- - J&J / Union Ry 1st-5s g 1942 - F&A Westchester El 1st 5s g 43-J&J Yonkers Ry 1st 5s 1946--A&O Tide Water Power 1st 5s 79-F&A Toho Electric Power (Japan)— 1st s f 78 1955 ser A—M&S15 s Wisconsin . 101 ... Ed 7Hs Feb 15 1936 98 H „ _ General 6)4s 1956— M&S Texas Power & Light— Deb g 6s 2022 ser A-.--—J&J 1st & ref 5s 1956 —M&N Texas Pub Serv 1st 5s (whs) 1961- 6ha 1933— 88 96)4 _ 1943——-——J&A - 65 65 85 Gen inc 4-5s ser B 1965—J&J 6s 1954 Wise Fuel& Lt 1st 5s 1948"M&N Wisconsin Gas & Electric— 1st mtge 3)4s 1966..—.A&O . 6s 1953 M&N Temescal Water 1st 5s A *60 M&N Tennessee Eastern Elec Co— 1st M 5s Ref s f 68 series A1955—M&N Tennessee Electric Power— 1st & ref 6s 1947 ser A—J&D 1st & ref 5s 1956—-—-J&D Term Powgu 5s 1962 opt--M&N Tennessee Public Service— 1st & ref 5s 1970—-—-A&O Traction Term'l Corp Trenton G & El g 5s 34 30 .... Ask 102)4 Winnipeg Elec 1st 4 Ha 1960.J&J Gen 4-5s series A 1965——J&J 28 .J&J / _ Bid 103 H 57 H 38 H 70 65 Bonds Ask * 5)4 Bell Telephone (Canada).... 100 BeU Telep of Pa 6)4% pref -.100 165 116 Beverly Gas & Elec ...—25 Birmingham Elec $7 pref-.....* $6 preferred. — .....—* Birmingham Gas $6 pref—.—* Birmingham Wat Wks 6% pf.100 Blackstone Val Gas & El pref. 100 Blue Ridge Corp— 1 1 $3 conv preferred * Boston Edison Co —100 43 62 56 13 Boston Elevated 100 113 154 35)4 119 H 47 Ry com....100 BrazUIan Tr Lt & Pow ord— * Bridgeport Gas light—... * Bridgeport Hydraulic Co—20 Brit Col Pow Corp A—.—* Class B - llH 28 §2* 32 • 3H * Brockton Gas Light Co v t o—25 Brooklyn Edison ....—100 ' ,*§* 135 85 25 15 6) Bldyn Manhat Transit....—.* $6 preferred series A —* Bklyn & Queens Transit com...* 102)4 $6 preferred * Brooklyn Union Gas—..... * Buffalo Niagara & East Power— $1.60 prior preferred---.—25 $5 1st pref —* d OaUed Feb. 1 at 105. / Flat price, 183 2154 100 H k Last sale, n Nominal, jan., 1938] 79 stocks utility public Quotation* for all securities are as near as possible for the closing day of the month preceding the date of Issue Stocks Par Cable & Wireless Ltd— Amer dep rec 7)4% A ord._£l Amer dep rec B ord £1 Amer dep rets 6)4% pre"*— £1 Calif-Oregon Power Co— 6% preferred series of 1927 100 6% preferred 100 Calif Water Serv 6% pref Canada Nor Pow 100 * com Canadian Marconi * Central Elec and Tel 6% preferred 1 com -——-60 Cent Hud O & El * com.... 4)4 % preferred 100 Centlllinois Light4 )4 % pref. 100 Cent 111 Pub Serv $6 pref* Cent Indiana Gas 6)4% pref-100 Cent Indiana Power 7% pref 100 Central Maine Pow $6 pref 100 $7 preferred -—.—.100 Central N Y Power Corp— 5 % preferred 100 Cent Ohio Lt & Pow 6% pf * Central Pow & Light 7% pref 100 6% preferred L. ... Cent & 8 W Util com Preferred Prior lieu preferred 6% preferred 75c 15c Eastern Util Assoc 65 * Central States Edison-........* Central States Elec Corp. 1 7% preferred...... 100 Conv preferred100 Conv preferred sot of 1929..100 6% cum pf (without warr)—100 Central States Pow & L $7 pf—* Cent Vermont Pub Serv 6% pf-* Central West Co. v t C........5 . . Chester Water Serv 5)4 % pref—* Chic City & Con com part ctfh..* Pref partic ctfs ♦ Chic Dbt Elec Generat $6 pref.* Chicago Rys partic ctfs 8i* 80 Elec Power & 60c 27 11 46 73 Cincinnati Gas & Elec 5% pf 100 Cincinnati Gas Transp 100 Cine New & Cov Lt & Trac--100 Preferred 100 Cincinnati Street Ry 50 Oincin & Suburb Bell Telep 50 Cities Service com * - Preferred 100 50 50 I* * 30 95 1X X Preferred 13 54 6)4 5 5)4 3)4 96)4 Essex Company 96 100 37 Frankf'd 15 65 R. T. 2 130 7% preferred 100 Citizens' Pass Ry—See Phila R T 39 Gary Elec & Gas 120 125 Gas Utilities Co * 2 3 1)4 30)4 Gatlneau Power com........ * 8 Citizens Traction—See Phila Co Citizens Utilities com .....1 Oleve Elec Ilium common * $4.50 preferred Cleveland Railway 100 Gen Gas & Elec (Del) com A._* 5% prior preferred. * $6 cum conv pref ser A * $6 conv pref ser B * $7 preferred.... * $8 preferred * 106 Coast Co Gas & El 1st pref-.100 Oolum G & El Corp (Del) com..* 6 % preferred series A 100 5% preferred 101 100 100 29X 57 X 6% preferred A 654% preferred B Commonwealth Edison Co.. 100 100 25 Commonwealth Gas 1 Commonwealth & Sou Corp com * Optional warrants $6 preferred * Community Pow & Lt com.. * First preferred 6% 100 Community Pub Serv com 25 Community Water 3erv com 1 7% preferred * Concord Elec Co 6% pref-... 100 Common Conn Gas & Coke Sec pref * Gen Public Service Corp 105)4 97)4 25X General Pub Util 5% preferred $3 19 Germantown nnX 27 112 4)4% preferred Green Mt (Reading)....25 100 * $4.50 preferred Continental Gas & * 5)4% preferred 100 Dallas Power & Light 7 % pref 100 6% preferred * Dayton Pow & Lt 4 X % pref-100 Denver Tramway com * Preferred Detroit Edison 24 63 65 Havana Elec 92 X 81)4 84 75 79)4 * 81 68 71 23 25 31 27 34 common vtc 49 2)4 50 24)4 1 100 com IX 103)4 105 96 99 112 115 112 102 X 102 2 1 12 13 34 7)4 93 X 8)4 100 66 100 Duluth Superior Transit com ..* Duquesne Nat Gas common ..* $4 preferred _* 65 1 $5 preferred * Duquesne Light—See Phila Co— 5 East CoastPublic Service v t c_.1 Eastern Gas & Fuel Assoc's com * 4X 2X 26)4 154 X X 11 8 6)4 5X 3 Without par value, 2* i* 32 100 240 250 * 9 ...a.50 48 25 Hestonville M & F—See PhilaRT Holyoke Water Power Preferred 10)4 178 ...100 100 pref 108)4 110)4 * 104 Til Commercial * 100 77 X * 3)4 5% Preferred 50 Arrears certificates Illinois North Utilities 6% pf.100 $7 junior preferred * Illinois Power & Light— 1454 5)4 6% 1st preferred Telep $6 pref 79 354 14)4 5% 107 108 102)4 104 22 50 21 Ilium & Power Secur 1st pref-100 Illuminating Shares class A * Indiana Hydro Elec 7% pref-100 49 5l" 49 51 Indiana Service Co 12)4 15)4 $6 preferred 96 6% pref-100 13 89 6 3X > 8 3)4 6 Warrants Internat Ocean 16 87 7% preferred 100 Indianap Pow & Lt 6)4% pf-100 Indianapolis Ry Co v t c 100 Interboro Rapid Transit..... 100 Internal Hydro-El Syst A 25 Conv pref $3.50 series 50 ' iss "S Nov. 19 73 Teleg (guar)..100 27 X 50 X International Power Co.. 100 77 Internat Power Securities com..* Units 100 3)4 79 30 100 1.06 27 9 100 100 —100 100 49 90c 22)4 4)4 * 1st preferred International Ry v t c International Telep & Teleg k Last sale, n Nominal, r Canadian price, 5 86 20c 100 1 2 * 6 6)4 6)4 7 Foreign share ctfs * ft* 30 Haverhill Elec Co Illinois Iowa Power common 1 56 41 25 Ry 2)4 53 25 .---25 6% preferred 10c 5c * common 8 6)4 * 100 Idaho Power 7% 41 79 * 25 - Hudson County Gas 1 29 Duke Power 6% preferred 4)4% prior preferred Eastern Mass St Ry com 6% 1st pref stamped 6% pref B stock 5% adjustment stock 22 Preferred 91 T pf-100 Hartford Electric Light Hartford Gas com * * 100 90 Gas $1.25 pref-—* Harrisburg Rys 100 Derby Gas & Elec $7 pref Detroit & Canada Tunnel—.. 90 85 70 21X *96)4 26 75)4 65 Hamilton Gas 198 74)4 * 114 24 32 85 R Hamilton Bridge Preferred 197 6 4)4 28 25 7% pref class A 5 64 X 89 86 s Ex-dividend. I 84 1554 100 112)4 100 Preferred 100 Lowell Electric Light 25 Luzerne Co Gas & El $6 pref-100 100 Mackay Companies 4% pref 13* 53 98 100 25 Maiden Electric Co 25 Maiden & Melrose Gas Lt 25 Manhattan Railway 7% guar 100 Modified 5% guar 100 Common with warrants Common without warrants * $2 Preferred 50 40)4 100 Houston Natural Gas com Power & Lt 6% pref—...—100 58 12 11 PhilaRT Pow Corp $6 pref $5.50 pref Electric— 7% prior preferred 100 Contlnen Pass Ry—See Phila R T Crescent Public Service com..—1 Cuban Telephone/ pref_. 100 Cumberland Gas com 1 Cumberland Co (Maine) 48 2 60 Hackensack Water X 6)4 Cons Trac of N J—See P S Corp Cons Trac (Pittsb)—See Phila Co Consumers Gas (Toronto) Consumers Power $5 pref Pass—See Greenwich Wat & Gas 6% Gulf States Util $6 pref.. 42 $5 preferred * Consolidated Gas Utilities com-1 12)4 * Gold & Stock Telep (guar) Green & Coates—See Phila 113 100 * 45 11X * Gloucester Elec Lt Co 48 35 25 Consol Elec & Gas $6 pref.. Cons Gas E L & P (Bait) 5% preferred series A Cons Edison Co of N Y com 25 A* X Georgia Power $6 preferred $5 preferred 18X 100 100 100 * * 15 37& 36 105 X 100 6% prior preferred 100 6% non-cum 2d preferred--100 Mass Power & Light Associat'n— 40 111* ..100 6% preferred * $3 preferred 100 100 Marcon Int Marine Commun'y— Amer dep rets for ord shs £1 Market St Ry(San Francisco) .100 34 * 20 preferred Greenwich 5)4% preferred i* Warrants fI* 50 ' Gen Telep Allied Corp $6 pref--* Gen Wat Gas & Elec com A 1 52 Connecticut Power Connecticut Ry& Lighting Consumers Gas conv 50 * common Gen Telephone Corp com.— 1 40* * * $6 preferred Common Connecticut Light & Power IX Gen Italian Edison Elec Corp— Amer shs for ordinary stock.- 60 100 * 7% preferred Lynn Gas & Elec Co 76* 73 37 33 X ....... Columbus Delaware & Marion— 7% preferred 100 Columbus & Southern Ohio Elec r ... 7X 72)4 3 2)4 * common 102" 100 Gas & Elec of Bergen County. 100 * 100 5% preferred 5% conv preferred (guar) 6 * 39 100 Franklin Telegraph 1354 24 34 58 97 6% preferred. 7% preferred Louisville Railway Co Gardner Elec Light common. 100 Preferred 100 3 28 75 37 X 30 20 26 * 36 33 10 55)4 25)4 43 100 Louisiana Power & Light $6 pf-* Louisv Gas & Elec com cl A * 100 ... Preferred BB 97 X 102 25 39 R. T. 91X 106 6% preferred 100 7% preferred 100 Kentucky Utilities 6% pref lOO 7% junior preferred 50 Keystone Pub Serv $2.80 pref--* Keystone Telephone $4 pref 50 Kings Co Ltg 7% pref 100 5% preferred 100 Laclede Gas Light 100 5% preferred 100 36 98)4 65, 118)4 Kansas Power & Light— Corp 6)4% preferred Long Island Lighting com 7% preferred A 6% preferred B 22 72 100 X Lone Star Gas 21 52 82 100 Preferred IX 19)4 X hi * Kansas Elec Pow 6% pref 100 Kansas Gas & Elec 7% pref.-100 25 pref-..-.* Preferred B * Lexington Util 6)4% pref Lexington Wat Serv pref.. Light & Pow Securities Co 35 Cities Serv Pr & Lt $6 100 12)4 10 20 21 86 36)4 City Power & Light— 1st pref $6 series B Kansas City Pub Serv 25 Co. * Phila Kansas 100 Lawrence Gas & Elec Lt "k * 99 80 81 34 128 56 74 * - S'thwark—see & 60 11X 8)4 25 $7 preferred 1) 49)4 ~fx _..--* Fitchburg Gas & Elec Light--50 Florida Power & Lt $7 pref * Foreign Light & Power units * 75* 50 X $6 preferred $6)4 preferred-. 74 6)4 it* 41* Phila. 52 47 34 6% preferred 6 Federal Power & Light com—.50 Fed St & Pleasant Val—See Phila Federal Water Service com A—* 90 94 65 64 .—10 Federal Light & Tr com Preferred ($6) 96" Dec. 24 178 iFall River Gas Works X 36 22 100 Fairm't Pk & Hadd Pass Ry—See Fall River Elec Light 25 X 38 28 60 ..........50 European Elec class A Option warrants 38)4 36)4 53 1 * * * Essex & Hudson Gas 2 35 30 32 8 42 100 6% preferred 5)4% preferred 44 25 _ 210 57 31 28 2 17 common A * Debenture rights Jamaica Pub Service Ltd * Preferred 100 Jamaica Water Supp 7)4 % pf—50 Jersey Cent Pow & Lt 7% pf-100 45 Engineers Pub Serv com $5 convertible preferred $5)4 pref (with warrants) $6 preferred * 7% pref. .100 — 200 53 Empire & Bay State Teleg—100 Empire District Elec 6% pf—100 Empire Gas & Fuel Co pf 8%-100 Preferred 7% —100 6)4% preferred 100 6% preferred 100 Empire Power Corp partic stk__* k $6 preferred * Empire Telephone com * 22)4 3)4 * 6% preferred Italian Superpower 17 X 100 * * $7 preferred Iowa Southern Util 100 Preferred 26j - 84 3 100 Eliz Consolidated Gas 78 67 X 100 100 1001 Series 4 100 Eliz & Trenton RR com 75 §8* 29 — Preferred 65* 35 4)4 El Paso Electric Co (Del) Preferred series A 7% El Paso Nat Gaa com— 107)4 102)4 11 * * * * 854 * * 100 Iowa El Lt & Pow 6% pref-.100 7% preferred 100 Iowa Pow & Lt 7% pref 100 Iowa Pub Serv $6 pref * 6)4% preferred * 3 1 Light Corp $7 preferred $6 preferred 2d pref series A Optional warrants * $6 preferred Investors Telephone com—. Iowa Electric 6 )4s pref 48)4 354 1 Class A full paid 82 * 1 Interstate Power pref $7 * * * Elec Power Association 1—100 ser Series 2 Series 3 — $6 preferred $5 preferred 18)4 1?* ■2m * Electric Bond & Share 85 $1.75 preferred $3.50 prior preferred Warrants series of 1940 Interstate Natural Gas Class B * com Conv stock 65 International Utilities A "1)4 * * * $7 preferred series A... $6 preferred series B 5 Ask 64 6)4 % Pf 100 100 Eastern States Corp com —50c .* Par East Shore Pub Serv 1 Capital Transit (Wash. D O) 100 Carolina Pow & Light $7 pref —* $6 preferred* Cent Arkan Pub Serv Corp pf 100 Stocks Ask * * Warrants Mass Utilities Associates * 101)4 73 80" 21 12 5X 6)4 „54 3)4 7X IX IX 18* 1 v t c— 1 5% conv partic preferred—50 Memphis Natural Gas * Memphis Power & Light $7 pf- * $6 preferred * Metropolitan Edison Co— $5 cum preferred * $6 preferred series O * $6 prior preferred * 7% prior preferred * 101 Mexican Northern Ry com—100 Preferred .——.100 Middle West Corp com 5 18 5 - Warrants Middle West Utilities $6 6% * * 6% pref series 1921 100 Minnesota Pow & Lt 7% pref 100 $6 cum preferred 100 Mississippi Power $6 pref-— * $7 preferred * Miss Power & Light 6% pref—* Mississippi Riv Pow 6% pref-100 Mississippi Valley Utilities * Missouri Pow & Lt $6 pref * Missouri Pub Service com * Monongahela L & P—See PhilaCo Monongahela St Ry—See PhilaCo Monon-West Penn P S 7 % pref 25 X IX 4* IX 1 1 X 93 77 68 48 52 55 104 X 85 3 24 10 5 —.100 100 * 50 com. Montreal L H & Pow Cons * Montreal Telegraph .— .40 Montreal Tramways com 100 Mountain Fuel Supply ...10 Mountain States Power com— 7% preferred -—100 Mountain States Tel & Tel—100 Montana Power 6% pref —-* Municipal Service 6% pref 100 Nassau & Suffolk 7% pref—100 National City Lines com..-.. $3 conv preferred 50 National Gas & Elec com.—. 10 National Power & Light com Nebraska Power 99 100 preferred class A Milw Elec Ry & Light-— $6 preferred 65 --* Convertible pref A * Midland Util 1% prior lien.. 100 6% prior lien ——100 7% preferred class A -100 5% preferred— 6% preferred Montana Power 6% pref 55 1 — preferred series A Midland United com....... conv Montana Dakota Utilities 5SA * * 7% 1st pref 100 100 6% preferred Nevada-Calif Electric com——100 Preferred ..—200 Newark Consolidated Gas—..100 59 92 X 28 X 56 X "5k 12" 118 92 IX 16 36 3)4 7X 60 108 101)4 7 51 120 80 PUBLIC Quotations for all securities Par Stocks Bid are as near as Ask - 20* $534 preferred stamped-—--* New Eng Pow Assn com —-* 6% preferred 92 preferred.-: New England Pow Oo New England Pub Ser 97 prior preferred 60 61 18 21 118 120 33 34 12 1334 11 11* 30 ^England*TeT&"TeillllllOO 99 New New England Water Light & Power Assn 6% pre*—---100 New Haven Water —50 N J & Hud Riv Ry & Fer pr<* 100 New Jersey Pow & Lt 96 New Jersey Water pref New Mexico Gas com 58 96 ---- Citizens Traction Consolidated Trac 33"" 35" 3 —* 49 New Rochelle Water 7% pref 100 N Y Mutual Telegraph—-—25 20 25 1934 5M 20 7 90 Omnibus common—.* Option warrants — N Y Pow & Lt Corp 96 pref 97 26 36 zY* 34' 49 15" " 39 100 73 60 38 75 100 25 1034 7134 6934 6134 9034 34 6334 9134 34 57 55 10 11 32 34 100 102 26 24\ * 12 92 * Puget Sound Pr & Lt $0 pref. - „ * $5 prior preferred * Quebec Power common * Queens Borough G A E 6% pf 100 Radio Corp of Amer * $5 preferred B * $3.50 conv 1st pref— * Rapid Transit Ry—See P 8 Corp 112 — 10934 11134 76 79 78 81 86 88 95 —1 —5 97 32 35 11334 1234 1734 33 6 35 60 75 4534 —— 29 16 46 634 30 * 80 Class A 9034 934 10 2034 21 70 85 8 10 53 - - Ridge Ave Pass—See Phila R T Rio Grande Valley Gas v t c 1 Riverside Traction —-.50 Preferred 50 Telep $634 pref 10U Rockland Light A Power 10 St Louis County Water pref—100 18 27 17 111 115 13334 140 120 125 Seattle Gas common-- 10 22 20 24 36 10354 5034 10434 53 46 5 ,5* 1734 107 11034 28 Nov 15 454 134 .... Warrants B 12 11 Pennsylvania Gas common--..-* Penna Gas A Elec Corp 97 pref—* Partic class A stock-* Penna Gas A Elec Co 7% pref.100 Pennsylvania Power 6% pref-100 6.60% preferred 100 Pennsylvania Pow & Lt 97 pref-* 96 preferred---* 11 11* 70 73 834 w* 25 6c St Louis Pub Serv common 80c 7% preferied San Antonio Pub Serv 7% 1st Z* 75" 17 15 6* 7* 134 334 $5 preferred Union Gas (Canada) Union Gas System com 234 434 134 97 334 3534 10534 104 .«.—_* 12 "* __~I~50 9 1 ... Preferred $3 cum preferred Warrants 334 —II* * —100 .1 II* I* 6% cum 1st pref II* United Light &Ry 6% pref—.100 6.36% preferred 100 7% preferred United Public Service Corp.- 29^ AC% $5 preferred "* United 111 Co of New Haven.Ill* United Lt & Pr com A * Common B "• 100 1 42 7334 434 96 134 1034 104 99 3 334 2134 73 74 7734 134 United Pub Util com A ...I* Class B common-..——Il $2.75 preferred.— .—..I* 8 9 ...» —— — 37 18 100 7 % preferred Utah Power A Light— _ 22 * 34 * $6 preferred Utilities Power & Lt cl A common 33 100 91 —_* 1 91 l 1 7% cum pref 100 Virginia Elec A Power— $6 preferred » Virginia Pub Serv 7% pref—100 6% preferred 100 Washington (D O) Gas » Wash (D C) Gas Lt pref-....._* Wash Gas & Elec 7% pref.. 100 Wash (D O) Ry & El com —100 Preferred 100 Washington Wat Pow 6% pref—* West Penn Elec Oo class A* 7% cum preferred —.100 6% 11034 $5 preferred--.—....-100 2d 115 110 * 1 34 134 17 108 ?§* sill 12 600 109 98 97 100 97 preferred 100 West Penn Power 7% pref....100 6% preferred 100 119 West Phila Pass—See Phila R T West Texas Utilities $6 pref-.—.* West Va Ohio River Bridge— 69 cum Common —..———* Preferred ._* West Va Water Serv pref Western Lt A Tel com_____. Shawinigan Water A Power * Sioux City Gas A El $7 pref.-100 20 84 87 * 1 Preferred 25 Western Massachusetts Cos-.—* 6% pref-.—100 95 97 11134 1 10 84 Western N Y Water pref Second Ave RR Cop (N Y) 2d A 3d Sts Ry—See Phila R Sierra Pac Elec * T Amer Utilities com 50c 60 9 South Carolina Power 6% pref_* Southeastern Gas A Water A—* Common 60 $4 preferred 100 101 103 87 89 Southern A Atlantic Teleg 80 74 82 76 534 % preferred series O 86 90 6% 70 7334 3154 32 Westmoreland Water pref—.-* 96 Wheeling Elec 6% pref .100 Willi am sport Water pref— * Winnipeg Elec class A » 105 96 62 40c 5c 15c 1 preferred series B Nominal, r Canadian price, 2234 2434 26 Class B—.———-_* Preferred 100 Wisconsin Pow A Lt 6% pref.100 65 93 116 2834 1334 134 2834 1334 334 53 7% preferred 57 Worcester Trans Assoc t New stock, x 60 634% preferred 100 Wisconsin Telep 7% pref—...100 ...6 Dec. 20 Wolverine Power Co 25 r 234 il* 100 36 25 100 100 Wisconsin Pub Ser Corp 7 % pflOO 25 k Southern Canada Power-.-..--* Southern Col Pow com A 2f* 24 25 ...25 Original preferred—... Southern Calif Gas Co— 6% preferred series A Preferred 17* ¥. * 25 2434 Western Union Telegraph-. 2 Southeastern Pow A Lt— Warrants 27 834 25c South Calif Edison common—25 75c 2034 10 834 134 Sierra Pacific Pow common— South 20 98 n 934 834 108 * * pf-100 8% preferred 100 San Joaquin Lt & Power— 7% prior preferred100 6% prior preferred., .-100 Savannah El A Pow 6% pref-100 Scranton Electric $6 pref * Scranton-Spring Brook Water Service 6% pref * 2934 2634 3654 26 96 87 §}** 84 90 102 Class B 110 11 99 48 Transit---.!;.* Non-voting 95 Roch 15"" 34 30 54 J 00 100 100 6% preferred series O 6% preferred series D 5% preferred series E 10c 2 Twin States Gas & El 7% preflOO Twin City Rapid Utica Gas & Elec 7% pref Rochester Gas A Electric— 57 26 34 28 34 32 34 2 90 _ 87 78 $6 preferred $7 preferred 10 834 90 Unite! Tei"& Elec"6 % "prefIII156 334 334 Republic Nat Gas com 1 Rhine-Westphalia Elec Pow— Amer shares representing com. 10034 Rhode Isld Pub Serv $2 pref —* 38 100 100 ^preferred 134 23 99 k Last sale, 82 27 38 34 22 50 185" 1134 50 44 100 6% preferred. 5% preferred United Gas Improvement 81 Public Serv El & G $5 pref _ fx* 6% pref-—.* 9634 90 mmm — Power 45 79 102 Tidewater United Gas Corp com $7 pref series A Warrants pref—100 100 7% preferred 98 * . Deceit 9534 —100 7% preferred 139 130 108 81 Public Serv of Okla 6% preferred United Gas & Elec (Conn) com 33 3234 136 12334 10434 9534 77 9134 conv Union Pass—See Phila R T Union Traction—See Phila R T United Corp 13 91 40 - .100 100 -.100 $3.50 preferred * Texas Power & Lt 7% pref-—100 6% preferred * Third Avenue Ry(NY) 100 13th & 15th Sts—See Phila R T _ 9934 9234 9834 178 77 Edison— 105 125 85 Without par value, 103 100 pref—* * Public Serv Co of N H $6 pref—* $5 preferred .* Public Serv Corp of N J * 8% preferred 300 7% preferred 100 6% preferred 100 $5 preferred * 101 * 78 82 * 100 100 pref-100 —100 -.-—-100 .—-100 $5 preferred * Pennsylvania State Water, pref-* Pennsylvania Water A Pow * Peonla'* QL&O (Chic) 100 734 Rapid Transit St Ry Co—100 So Jersey Gas & Elec Trac--100 r Warrants. - 15 634 Public Serv Co of Nor HI.——60 38 Penn Western Gas & El com - 13 54 -----100 r Ottawa Traction 101 r Pacific A Atlantic Tel (gu) 25 Pacific Gas & Electric—.—..-25 1st preferred (6%)—......25 1st preferred (5J4 %)—....-25 Pacific Lighting Corp com * Preferred (96) —* Pacific Pow A Lt 7% pref 100 6% preferred -100 Pacific Public Service— Common non-voting 1st preferred Pacific Telep A Teleg——...100 6% preferred 100 Paterson & Passaic Gas A El..100 Pecos Valley Pow & Lt com * Peninsular Telep Co com —* Preferred 100 Penn Edison Oo 92.80 pref —* 95 preferred —*—..* i 11134 92* 109 91 7% preferred 100 Union Electric Co of Missouri— 7% preferred —100 6% preferred 100 113 57 9034 10034 Ohio Valley Gas com Ohio Water Service A com Penn-Ohio 105 107 29 36 Preferred 534 334 100 $6 preferred Common pref Toledo-Edison pref A 7% 3 28 97 Consolidated Trac of N J--100 12 " 1 * Oklahoma Gas & Elec 7% pref 100 6% preferred —.-100 Okla Nat Gas Corp com— 15 93 preferred 50 6% conv preferred 100 Omaha & Council Bluffs Railway 6 Bridge 4% cum pref xOO Oregon Wash Water pref * Ottawa Light Heat & Pow—-100 JA 2 54 50 —* preferred 134 25 100 7 % preferred Ohio Service Holding com 234 334 334 Public Serv of Ind $7 prior J "* ... A Pow 7% pflOO . 99 87 26 6% preferred 41 1534 Ohio Power 6% pref Ohio Public Service 5% 5 34 % 1st preferred 6% preferred 62 1 94 * Providence Gas ♦ ... 9 183^ I Texas Gas Util com 1 Texas Hydro Elec common....* 25 81 Public Elec Light pref 100 Public Serv of Colo 7% pref—100 9534 Ohio Edison 96 pref 7% preferred 4034 100 .100 —* Nor States Power (Del) cl A -100 7% preferred —.100 6% preferred --100 (Minn) 95 series cum pref * Northern Texas Elec 6% pref-100 Northwest Electric 7% pref—-100 North West Util 7% pref 100 7% prior lien 100 N'western Pub Serv 6% pref-100 7% preferred 100 Northwestern Telegraph 50 97 preferred 25 2 pref—100 134 7% prior preferred 100 Portland Gas A Coke 7% pref 100 "Th Portland Gas Light 50 38 Postal Teleg A Cable 7% pref 100 52 Potomac Edison Co 6% pref--100 7% preferred 100 Potomac Elec Pow 6% pref—100 534% preferred 100 14" Power Corp of Canada com—.* 67 Northern N Y Util pref---North Penn Gas 7 % pref Ohio Elec Power 6% pref 36 Portland Elec Pow 6% 64 NY PA NJ Utilities 93 pref—. 37 27 99 com—100 534% preferred Northern Liberties Gas 27 18 19K B r 2134 3* * 1 —j com Tennessee El P 1st pref (7%)-100 7.2% 1st preferred 100 1st preferred (6%) 100 5% cum 1st preferred 100 Terre Haute Elec 6% pref 100 Texas Electric Ry 100 Texas Elec Service $6 pref. * 50 17 ($1734 5% 37 50 pd)-50 Union Traction 734 "4"" 21 Tampa Elec Oo 27 West Phila Pass guar 50 Phila Traction—See Phila R T Pitts Suburban Wat pref 100 Plainfield Union Water * 75 92 Tacony-Palmyra Bridge— 6 5 37 76 * Syracuse Ltg 6% pref634 % preferred 1134 634 934 Gray's Fy ($25 pd)—50 94 * Swiss American Elec 25 3 10 38 ♦ 5 16 120 A_._* com 2 "2" 34 1% 1934 50 34 Dec. 11 Class 30 6 9834 6% preferred 100 7% preferred 100 Northeastern Wat & Elec com..* Preferred —-* Nor Indiana Pub Ser 6% pref 7% preferred 12 25 12 50 Nor Amer Utility Sec-* Nor Bost Ltg Prop com—-—--* Preferred 100 North Continent Util si* 63 Standard Pow & Lt Preferred Superior Wat Lt 45 17 10 45 17 . Springfield City Water 6% pf 100 Springfield Gas A Elec pref * Springfield Gas Lt Co 25 Springfd (Mass) St Ry Cos pf 100 Standard Gas A Elec com-.-* 2 KH 13th & 15th Sts Pass Ry Union Pass ($30 5-6 pd) Phil A Southwestern Lt & Pr Preferred 97 cum prior pref $4 cum preferred $6 cum prior pref 4 334 4 145 134 834 Southwestern Bell Tel pref—100 Southwest Cons Gas Util com—.1 Southwest Gas (Okla) 7% preflOO Southwestern G & E 7% pref.100 31 116 35 Sts ($15 pd) 60 Hestonville M & F com 50 1934 3n * 96 preferred j 1634 * 1 North Amer Light & Pow 24" 3034 Philadelphia Traction 50 Ridge Ave Pass (928 pd)—50 2d & 3d Sts Ry guar --50 78 m 10 7 Frandf'd A Southwark Pass .50 Germantown Passenger 50 95 : — 11434 11334 PhilaCityPass Rv"(922 34 pd) 150 Phila A Darby Pass Ry 50 7 tm •mm*.— 30 115 90 50 6% preferred North Amer Edison 96 pref 9 Philadelphia Elec Co com--—* 95 preferred * Phila Elec Power 8% pref 25 Philadelphia Rapid Transit 50 7% preferred50 Citizens Passenger guar 50 Continen Pass Ry ($29 pd)-50 Fairm't Pk A Haddington.-50 36 108 100 Niagara Hudson Power-—— .10 1st pref 95 series-.........100 2d pref 5% series —100 Class A option warrants — Class B option warrants North American Oo com -._* — 20 100 —* ——* 2134 65 50 PrfiffttTPf? 31 97 preferred series A 96 preferred NY Water Serv 6% pref 1834 f Green & Coates 100 Common 38 50 Monongahela Lt & Pow Monongahela St Ry 110 _...———-* 5% preferred — 100 New York Steam Co— Common 6% 99 23 —100 preferred 7% N Y & Richmond Gas 6% pref 100 N Y & Queens El L & Pow— 36 62 10 50 65 52 92 N Y City i* 8 734 64 Phila & Darby—See Phila R T Phila A Grays—See Phila R T 99 New Orleans Pub. Serv com..._♦ 7% preferred . 7 Federal St & Pleasant Val—25 7634 95 50 6% preferred 53 108 -5 80 9 Peoples Water A Gas pref 100 Peoria Water Works 7% pref.100 Phila City Pass—See Phila R T Philadelphia Co com ..* $5 preferred * 6% cum preferred 50 96 cum pref * Allegheny Traction 50 pref 50 Duquesne Light 6% 1st pref 100 96 4.80% cum preferred 100 Southern Nat Gas class A com--* Class B common * Southern New Eng Telep 100 Southern Union Gas com-...--* Preferred 25 So Jar G El A Tr—See P S Corp 734 6 90 pref-—* 100 2 Stocks 25 Preferred 102 7434 Bid Southern Indiana G A E— 43 33 .............25 — IK AH * $7 preferred $6 preferred 2134 15 100 --* pref-—100 com-——* * Scrip Par 234 134 134 Peoples Light & Pow A 1 Common class B—.... ——1 120 J 00 Heat & Power New Eng Gas & Elec Assn— month preceding the date of issue Ask Bid Stocks Brunswick Light— New STOCKS UTILITY possible for the closing day of the » York (Pa) Railways pref 50 York Water Co—.—. Ex-divldend. 88 134 6 18 29 Under the heading "Industrial and Miscellaneous Securities" include all issues which do not appear "Public Utilities." In the we under the previous three headings, namely "Railroads" "Investing Companies" and case of stocks, however, we put "Textile Manufacturing," "Insurance," "Mining," "Title Guarantee and Safe Deposit under separate Companies" "Real Estate and Land," heads, then follow with the rest of the "Industrial and Miscellaneous." NOTICE—All bond prices are Quotations for a'l securities Bonds Bid Acadia Sugar Ref 4%s Adams Exp coll tr g 4s Coll tr g 4s 1947 - ? Bonds Bid 1st lien & ref 5s 1942 M&N Purch money 6s 1998—Q-Feb 100 Cons M J&D 63% 53 % - 1955.A&0 1948-M&S J&D F&A 93% 92 4%s stamped 1946 Adaressograph-Multigraph Corp 4-4 %s 1938-1939 A&O 6-6 %s 1940-1945 A&O Advance Bag & Paper 6s '52-J&D 104 Beth Steel 106 f 4%s ser D '60--J&J Corp 4%s to 1941 J&J s A&O f conv 3 %s debs '52 A&O 15-yr s Boston Wharf 1st 4s 1941—A&O Botany Cons Mills 6%s '34.A&O Certificates of deposit Bowser (S F) 7s 1944 M&N Brandram-Henderson 6s '39 M&S 6s 1956 J&D 88 81 83 Pulp & Paper— M&N f 7s 1950 M&N 1st 6s 1950 7 Gen 7 s 80 90 J&D 60 65 Bryant Paper 6s A 1942 1st M coll tr 6s 1948 -A&O 6s assented w w 1948—A&O 54 57 57 Budd (E G) Mfg 6s ext 67 Burmeister & 6s 1955— 30 65 — - 40 17 82 Allied Mtg inc coll 2-5s 1953-J&D Allied St's Corp deb 4 %s *50-A&O <,■ Debenture 4%s 1951 F&A Allis-Chalmers s f deb 4s '52.M&S 98 106 % 81 96 101 44 50 50 98 M&N 96 103% 97% 103}* International Corp— 5%% notes 1956 J&J 95 —J&D 54 95 69 Amer Nat Co (Ohio) 6s 1938-J&J 65 105% 4%s '47-M&N Amer Seating 6s stpd 1946--. J&J Am Silica-Sand 6s 1951 -M&S 96 72 68 105% 82 9 ,15 106 118 Am Wire Fabrics 1st 7s '42--M&S Amer Writ Paper 1st 6s 1947 J&J 105' 95 15 20 Debenture 6s 1944 American Type Founders Inc— Conf s f deb,2%-5s 1950 J&J Certificates of deposit Conv 6s 1961 Ann Apr Ames-Holden Tire & Rubber— Income 7s Jan 1 1943——M&S 67 79 F&A A&O Am Tobacco deb 4s 1951 97 109 109 17" 23 19 / Anaconda Copper Mining Co— Sink fund deb 4%s 1950-A&O 20}* 94 96 103 105 Antilla Sugar Estates— Income deb 6s 1951 (w-s)—J&J/ 28% 30}* 26% 1st s f 6s (San Fran) 1942-J&D (Los Ang) 1942- -J&D 99 1st s f 6s Arcade Mall Iron 7s 1943—M&N Armour & Co of Delaware— 99 11 1st M 20-yr 4s ser B 1955.F&A 86}* 85 55 1st mtge 4s series C 1957—J&J Arnold Print Wks 6%s 1941.A&0 1st 5s Feb 1 1952 -A&O Arundel Bond Corp 2-5s Dec 1 '53 50 76 Arundel Bond Corp 3-6s Dec 1 '53 Ashville Citize-Times 6s'45-M&S 94 86 57 52 44% 57% 22 87 Atlantic Ice Mfg 6s 1945 38 42 Atlantic Lumber 6%s 1932-A&0 / 25 Atl Bug Rof 1st s f 4s '51—M&N Atlas Imperial Diesel Engine— 99 6% conv notes 1945 M&S Atlas Pipeline Corp 6s 1945-M&N Gen conv 6s 1950 M&N / Auburn Automobile— Conv deb 4%s 1939 J&J Ault-WIUlamson Shoe 6s 1942— / Autocar Co 7s ext 1947—M&N Avery (B F) & Sons 5s w w'47J&D 81 52 Without warrants Bagley-Clifford Corp 6s 1942. J&J / 31 18% 18 90 88 78 35 Baldwin Locomotive Works— 6s with warrants 1938 Stamped w w 1938 M&S / M&S / 6s without warrants 1938-M&S r Stamped ex-warr 1938.-M&S / Jst g 5s 1940 Itge 6s 1950 Baragua Sugar Estates— M&N M&S 79 79 78 78 102 64% _J&J / Barber & Ross 4s 1945—.—J&D Bates Valve Bag Corp— Deb 6s ex-warr 1942 F&A S1 J&J / / 11 10 Cum inc deb 6s 1947 Bayway Terminal 6s 1954 Beattle Sugar 7%s 1943 ctfe.J&D 75 98 100 93% 105 Beneficial Loan Soc 6s B 1939 Q-J 104 6s profit, share deb 1956—Q-J Berkey & Gay Furn 6s stpd 1941. / 21 Bessemer Limestone & Cement— 88 6s 1955 J&J Bethlehem Fdy & Ma 5s'44 A&O 65 Bedford Pulp & Paper 6%s 1942Beech Creek O & C 5s 1944—J&D I b Basis. A&O / J&J Canadian Bakeries 6%s '45.M&S Canadian Canners Ltd 4s'51M&N Canadian Internat Paper— 1st M 6s 1949 J&J 100 80" 104% 9% 99 39 103" 63 73% 96 99% 94 30 M&S Canadian Vickers 6s Vug 1 1947 Caribbean Sugar 7s t pd '41-F&A Carlisle Lumber 8s 1945Carriers & General Corp— 15-yr deb 5s with warr '50M&N Carthage Marble 6%s '42 M&S / 1st non-cum inc 5s Apr 1951. / Cassco Corp inc 6s 1949 M&3 / 98 100% 95 Oelotex Corp— Debenture 4 }*s w w 1947.F&A Central Foundry Co— 118% 93 — 95" 80 90 13 42 72 M&S M&S Cold Storage 103% 55 A&O / Chesap'ke-Camp Corp4 % s*47 J&J 75% 112 69% 5% Central Steel 1st 8s 1941,-M&N 116 Certain-teed Prod 5 }*s 1948 M&S 58 Cespedes Sugar 7}*s 1939 M&S / 10 Champion Pap Corp 6s '45--F&A 92 Champion Paper & Fibre Co— 4Mb s f deb 1950 M&S 105% Chateaugay Ore & Iron— Guar gold 4s 1942 J&J 70 122% 59 . \ . 75 95 90 94" IK* 58 69 38 41 93 105 82 Collateral Bankers Inc— 7s series A & B I960 ^ mmmm m-mm 106v .... 84" 96 96 96 90 90 90 100 63 95" 99% 99 101% .... 105 1st 8s 1941—J&D Consolidation Coal CoSink fund 5s July 1 1960—A&O / 16 5s 1950 A&O Consumers Co 1st 6s 1946—J&J / 33 n 88 45 19 18 70 }* 94 / / / 75 40 29}* 85 80 92 95}* 101}* 99}* 105 74 102% Nominal." 102 94 Jan Deb 5s series A 1955 Deb 5s series B 1955 F&A 65 62 70 103 40 Jan Eastern Dairies 6s 1949 M&N Eastern Mfg 7s ser A 1938--J&D East Temple Corp 6s (w s) 1941Eaton Paper 1st 5%s 1943.M&N Elec Auto-Lite deb 4s 1952-F&A Elk Horn Coal Corp— Coll s f 4s 1956 J&D Empire Oil & Refg 5 }*s 1942 A&O Empire Properties Corp 2-3s 1945 Empire Sheet & Tin Plate—,■* A&O Emporium Capwell Corp— 1st 4s 1952 —J&J 4% notes 1942 J&J Erie Elec Motors 5s 1941 Ernesto Breda 7s 1954 A&O 45 73 45" 98}* 49}* 71 47M 72 102 M 102 15 F&A European Mtge & Invest— 1st lien 7}*s 1966 ser B 7%s income 1966, F&A it lien 1st liei 7s 1967 ser O M&S 7« income 1967 Everlastik Inc 1st 7s 1937-M&N 26 18 26 18 75 20-year 4s s f deb 1956 J&D Famous Players Canadian— 1st & coll 3s 1938-1939 J&D 1st & coll 3 Mb 1940-1942-J&D 101% 99 £2* Co3%s 1953--M&S 97 8 Farmers Nat Mtge Inst 7s '63A&0 Federal Coal 7s 1944 J&D 30 88 5s 1969 Federal Screw Wks ...J&D 3 6 }*s '39. 20 1st & coll 4Mb 1951 Farmers Mfg conv J&D Federal Sugar Ref 6s ctf *33 M&N Fiat s f deb 7s 1946 J&J FUtrol Co of Calif 5s 1946— J&D Finland Residential Mtge Bank f 6s stamped 1961 Si* 82 M&S 102 % Firestone Cotton Mills 5s '48M&S Firestone Tire & Rub of Calif— 104% Sf 5s 1942 M&S First Bohemian Glass Works— 1st secured 7s 1957 J&J Flour Mills of America Inc— Conv g 6% % notes 1946.A&0 105 % s 94 40 104% French Nat Mail SS Lines 6s '52 Frick-Reid Supply 6s 1943--J&D 101 102 50 Fruehauf Trailer deb 4}*s'47A&0 84 44 Gair (Robt) income notes 6s 1972 70 90 65" 101 97% 98 46" 98% Garlock Packing— 17" 68 32 1st mtge sink fund 6s 1942-J&D Follansbee Bros 5s 1947 J&D Forest Lawn 1st > f 6s 1949—J&D Fr amer lean Ind & Dev Corp— Deb 7 Mb 1942 J&J Francisco Sugar 6s 1956 M&N Franklin Com Co 7s ws 1949.J&J Fraser Co 6s Jan 1 1950 J&J 90" 95 k Last sale. Dominion Textile 4%s '55 M&S Donnacona Pap 4-4 }*s *56—F&A Dow Chem Co deb 3s 1951— J&D / 98 99 % 85 93 Fairbanks Morse & Co— 18 m-mm 92 Dominion Tar & Chemical Co— Deb 4h» ser A 1951 M&N 6s 1943 13 96 66 Oonsol Textile Dickey (W S) Clay Mfg Co— Cum inc 5s (w-s) Nov 1 1949-_ Cum inc 5s (ex-stk) Nov 1 1949 Dold (Jac) Pack 1st 6s '42.M&N Dom Coal 1st 4}*s ser A '52-A&O Dominion Steel & Coal 6%s 1955 Durham Duplex Razor 6s 1955 Eastern Car Co Ltd 6s 1952.J&J Eastern Cuba Sug ¥%s '37-M&S 5 Ml m 23 M&S Detroit Times deb 6s to '43.M&S Deutsche Bank (Berlin)— 6% notes stamped 1935 M&S 68 extended 1938 M&S Deutsche Rentenbank— Farm Ln s f 6s Oct 15'60 A&OIS Dryden Paper 6s 1949 Dufferin Paving & Stone— 94 92 Q-F 94 7s series C 1959 94 Q-M 86 7s series D 1956 94 Q-J 56 6s series AA 1953 88 Q-F 36 6s series AB 1948 88 Q-M 6s series AO 1952 Q-J 88 20 Colo Fuel & Iron s f 5s 1943.F&A / 99% Income 5s 1970 An Apr / 59 98% Colo Indus 1st 5s A & B 1934 F&A / 60 91 Commerc'l Credit 3%s 1951 A&O 94% 81 2Mb debentures 1942 J&D 99% Comm'l Disc t (L A) 6s '39—A&O 97% Commercial Invost Trust Corp— Debenture 3 i*s 1951 J&J 101 Commerz-und Privat-Bk Germ'y) 5}* % notes'37(Am pt ctf)M&N / 70 Commonwealth Subsidiary OorpDeb g 5%s 1948 ser A—M&S 103% 66 Connor Lumb & Land 6s '41 M&N / 70 Oonsol Biscuit 1st 5%s B *46 M&S 88 63 88 1st 5%sser O 1946 J&D Oonsol Cement Corp— Cum inc 6s 1950 F&A / 56 100 Cum inc 6% notes 1950—F&A / 60 13 Consolidated Laundries— Extended 6}*s 1941 A&O 99 Oonsol Oil s f deb 3%s 1951.J&D 97% 97 Oonsol Paper Corp 5}*s 1961 / 48 107 / 43 •> f 5s 1946.M&S s Driver Harris Co— 25-yr guar 5s 1955 Clearfield Bit Coal 4s 1940--J&J Cleve-Cliffs Iron 4%s 1950.M&N Cleve Tractor conv 5s 1945.M&N 100% 88}* Davidson-Boutell 5s 1946-..J&D Davidson Biscuit 5 }*s A '45 A&O Davidson Chem 6}*s 1937--A&O / De Bardeleben Coal Corp— 1st mtge 6s 1953 J&D / Certificates of deposit.; J Canadian Nat Steamships— / This price includes accrued interest. 104 46}* City Ice (Kansas) 6s 1940 A&O City Savings Bank of 60 Budapest 7s 1953 —.F&A / 82 M&S 85% 61 Childs Co deb 5s 1943 A&O Chilean Nitrate inc 5s 1968--J&D Atlanta Laundries 6Hsww 1943. / Atlantic Ice & Coal 6s 1951-J&D F&A J&J 102 6}*s 1952 J&D 1944 f deb 4s 1950 Dairyland Inc 1st 107 1941 s 59 100 F&A Gen mtge 5s 1941 Central Ry Term & Conv 101 % 50 90}* 60 100 }*s serA'51 M&N A Cuban Tobacco 5s 106 103}* Cumberland Ry & Coal— 5s 1940 —A&O Danish Prod L'n Fund 5s '40-J&J 37" Chicago Stk Yards 5s 1961.A&O 54 Associated Mtge Co 3-6s Dec 1 '53 Atl Gulf & W Indies SS LinesColl tr g 5s Jan 1 1959 J&J 98 79 Cudahy Packing 3 Ma A '55.M&S Deep Rock Oil 7s 1937 Camaguey Sugar 7s ctfs 1942 Campbell River Timb 6s '41-J&J Canada Biscuit 6%s 1946—M&N / 27}* 96 96 Anthony (E O)— 1* 65 1st mtge 6s / 106% 60 70 90 43 % 15-yr 4s s f Nov 1 1950--M&N Crown Willamet Pap 6s'51--J&J Crucible Steel Co deb 5s '40.M&N 75% 1st sf 6s 1948 A&O Deb s f guar 1943 A&O Calif Cotton Mills 1st 6s '40-J&J Calif Group Corp 5}*s 1956 M&N 50 Crown Cork & Seal Co Inc— 94" Cooperative Creamery— ser 7 99}* 47 Byrndum Corp 3-yr notes Jan 15 '39 Canada SS L 6s '41 1st & gen 5s 1957 Cosgrove Meehan Coal 6}*s 1945. J Crane Co 3}*s s f deb 1951-J&D - 50 Canada Bread 6s 1941 49 25 Sinking fund deb 5s 1946.F&A Credit Service deb 6s w w '48 Q-F 35 California Packing Corp— Cons deb 5s 1940 / 49" Crowley Milner 5}*s 1946--M&N Butterick Co 6% notes '39—A&O Byers Machine 3-6s Anglo-Chilean Cons NitrateSink fund income deb 1967 J&J 80 81 99 90 98 Creameries of America— 96 40 Can Cement 1st 4 Am Lime & Stone 5%s '51 M&S Am Mach & Metals 4s 1943.-J&J Amer Radiator deb . J&J / / 103 106% 80 J&D Conv 5%s 1949 Amer La France & Foamite— A&O 57 Oont'l Steel deb at 4Mb 1946. J&J Coplay Cement Mfg 6s '41..A&O Copley Press 5%s 1943 F&A Oosden Oil Corp 1st 6s 1938-M&N Gen lien 6s 1938 M&N / Oosden Petroleum conv 5s *47 J&J 103% 37 53 Calif Aggregates Corp— New 3-6s 1943 F&A Amer Colortype 6s 1942 F&A Amer Dept St's (Pa) 6s *48--J&D Amer Dept St's (Del) 6s '47.J&D Am Fruit Growers ext 7s '43-F&A Amer I G Chem Corp— Conv deb 5%s 1949 J&J / Bush Term Bldg 1st 5s '60—A&O Amer Amer Ice Co deb 5s 1953 J&J 103 1st s f 7s 1955 -M&S Aluminium Ltd s f deb 5s '48.J&J 105% 1941-F&A 75" Wain (Copenhagen) 15-yr s f extl 6s 1940 J& J / 111 Burns Bros deb 5s A 1961—M&S 32 Burns & Co Ltd 1st s f 5s 1958 J& J / 58 Income 5s 1958 Bush Term 1st 4s 1952 Cons g 5s Jan 1955 Alpine Montan Steel Corp— Amer M&N lit series B 1948 Albany Perf Wrapping Corp— Alberta Pacific Grain 6s 1946 J&J Algoma Steel 1st 5e 1962 A&O ji 108 100 Without stock 85 41 93 77 44 _. 39 102% Alabama Co gen 6s 1938 M&N Ala Cons Coal & Iron 5s '38_M&N Alabama Mills 6s (w-s) 1953-J&D 99% Continental Roll & Steel Fdy— 1st M conv 8 f 08 1940 J&D 48 22% 47 1st 5%s 1950 ser B M&S / 45 Brown Shoe Oo3%s 1950-—F&A 105% Bruck Silk M Ltd 6 %s '45-M&N 92 25 103 M 86% warr..J&D Oont'l Invest Bond Corp 2-5s '53. Oont'l Invest Deb Corp 3-6s '53 46" Brown Coal Indus 6 %s '53—A&O / Brown Co 1st 5}*s 1946 A&O / 88 1943 with 92% British Columbia 70 94 Bid Corp 1st 6s *46. J&D15 100% 51 / / Container Deb 5s 130 102% / / British Am Oil deb 4s 1945—M&S Ex scrip Aeolian Co 6s 1944 J&J Akron Times-Press 1st 6s '45 A&O Alabama By-Prod 6s 1955—J&J Income 6s 1955 106% 189% 100% 103% 3 %s series E 1966 Bonds Ask Bethlehem Steel Co— Abbotts Dairies deb 6s 1942-M&S Abitibi Power & Paper— Certificates of deposit possible for the closing day of the month preceding the date of issue Ask INDUSTRIAL AND MISCELLANEOUS BONDS 1st M 5s 1953 ser A "and interest" except where marked "f" and income and defaulted bonds are as near as 4Mb Dec 15 1946 J&D 4100 Gelsenkirchen Mining Co— 6-yr 6% notes 1934——M&S / 99 6s 1937 6s 1940 99 J 99J INDUSTRIAL 83 & MISCELLANEOUS BONDS NOTICE—All bond prices are "and interest" except where marked "f" and income and defaulted Quotations for all securities are as near as possible for the closing day of the month preceding the date of 'I 3% notes 102 102 75 Jones Cold Storage 4-5s '40--M&N 73 Indiana Co 1st 8 f 5s 1950--J&J 96 1stmtgesf 5%s 1947ser A.J&J Deb 6%s Deb s 38K (Germany) 7s '45-J&J 15 -J&D 1940-- 43 % 42 38% '51. J&D 48 92 f 6s 1948 Gen Finance conv deb 6s 94% 101% 101% F&j 15-year deb 3%s 1951 F&A 72 Gen Rayon deb 6s 1948 w w_ J&L) Gen 8t4 Cast 1st 5%s '49 w w.J&J Gen 4%s Gen ser 102% 102 K 18* 50 48 Wares— Steel 97 % 10 8 8 65 A&O A 1952 I'heat Eq deb 6s 1940-A&O F&A Gen Vending 6s 1937 Certificates of deposit ---- Georgia Marble 1st 6s 1950.M&N German Atlantic Cable 7s 1945-German Bldg & L'd Bk 6%s 1948 Glen Alden Coal M s f 4s 65 M&S Globe Industrial Loan 6s 1955 J&J Globe Wernicke 6s Oct 1 '44-J&J Gobel (Adolf) Inc— Conv deb 4%s ser 98 11 66 M 87 103 104 101 A 1941.M&S m " 1st mtge 4%s 1956—-—J&D Goodyear Tire & Rubber— 1st mtge coll tr 5s 1957—M&N Gordon Baking Co (Mich)— 18 90 M 94 M 103% B 1945-50—-—J&D Gotham Silk Hosiery— 5 f deb 5s w w 1946 M&S '42-A&O 95 1st 6s '38_F&A 93 94% 103% 94 80 58 series Gould Manufacturing 6s 80 80" «fS 20 93 65 74" 85 88 18 79 20 88 101 12 100 99 102 60 50 51% 30 100 1938-A&O A&O A&O A&O A&O 98 96 M 95 A&O 89 K Home Serv(LosAng)6 Ms '42 A&O Ore)7s '41 A&O Housing & Realty Improv— 40 Home Serv(Portl, 30 7s 1946-M&N / Houston Oil Co of Texas— 10-yr sec s f 5%s 1940—M&N Hudson Coal 1st 5s 1962 A__J&D Hud Riv Day Line 6s 1939—M&S 20 W* 30 80 84 40 1946 J&J Feb 1956 Hungarian Central Mutual Credit Mfg 7s 1937 —J&J / Hungarian Disc & Exch Bank— 35-yr s f 7s 1963 -—J&J / Hungarian-Italian Bank Ltd-— Sinking fund 7 Mb 1963—A&O / Hygrade Food Products Corp— S f 1st mtge 6s 2d mtge inc 6s A—A&O J&J 61M 8* J&D 1940--A&O 6s 1948—F&A 106 K Ilseder Steel mtge 67 6% 70 • Certificates of deposit 1st 4Mb 1968 --.-—J&J opt-_A&0 Interstate Deb Corp 2-5s Jan 1 '55 Interstate Zinc & Lead deb 7s '32 / Isotta Fraschini 7s 1942 ....J&D Internat Salt g 5s 1951 '* Galled Jan. 5 at 10(L 6 Basis. 65 100 96 Koehring Go (Milw) 2-5s '45-J&J 75 Koholyt Corp 6 Ma 1943 M&S / 21 Koppers Co 4s 1951 M&N 100M Kresge Foundation— 98% 10-year coll tr 4s 1945 J&J 3 M? coll trust notes 1947-F&A 85% Kreuger & Toll— 5s uniform ctfB of dep 1959 / 28% Lackawanna Steel os 1950--M&S 106% La France Textile 1st 6s '42-J&D / 25 5-6s April 1 1946 J&J Lake St John Power & Paper— 6Ms 1942. 6 Ms Feb 1947 1st 5Ms 1961-1-Debenture 5s 1961 Lautaro 69 si* 69M 71 100 K 6% 13 M 6% 13 M 43% 54 91 68% 70 101% 100% 107% 91 109 32 26 31 77 3 25 1938 97M 100 M 26 101 99 86% 28% 106% 72 75 Nat 99 Dairy Prod3 %s w w'51 m&n Natl Debenture Corp 3-6s 1953._ 43M National Distillers Products— 104 K 10-yr deb 4Mb May 1 '45-M&N Nat Food Products 6s *44 m&N Coll conv 6s w 8 ser A *44-m&N 85 / / / Natl Grocers Ltd 4s 1947 A&O Nat Gypsum s f 6s 1943.. -A&O National Lumber & Creosoting— 1st coll mtge s f 4s 1965-_ J&D Natl Tool conv deb 6s w w '42F&A Nat Union 92 53% J&J 1954 72 ■ 100 70% 73 62 80 66% 76 31 40 26% 22 IV* 35 68 82% 20% 22 85 88 103 61 102% 59 131 130 127 123% - mm m mm 90% mmmmmrn. 92 88 104% 5s 1947 60 74% Y Dock Co—1st g 4s '51-F&A 48 46 43 NYLE&WC & RR— 30 73% 70 46 Niquero Sug 3Ms 1940--J&J Serial 5% notes 1938 A&O Certificates of deposit....— 101 98 40 N 36 36 29% 99 New Eng Laundries 6s *36--A&O f f 4-5s 1956 J&J/ f 97" Newport Industries Nitrate Co— 106 95% 97% 41 44 41 41 44 19 44 126% 129 120 122 65 68 35 38 29% 40 30% 54 67 / / 15% New 67% 95% 100)4 ^ 26 107 Mtge 3-6s A '54--J&J 2-5s series B 96" 28 f 26" National Steel Corp— 66 J&J 18 20 100 95 / Certificates of deposit. / Cum income deb 5s 1946—M&S f ... F&A / 130 F&A / 130 J&J 94% An Apr 21 102% 1st 5 Mb 1938-48 A&O Nat Oil Prod deb 4s 1952—J&D Nat Radiator 6Ma 1947 F&A _ 1st conv 6s 1954 with 40 1st 6s ext 5M% 1942 M&N N Y L E & W Dock & Impt— Extended at 5% to 1943 J&J N Y Shipbuilding 1st 5s '46-M&N New York Trap Rock f 6s 1946 _ 6s stamped 1946 83 Corp— J&D J&D 1st mtge s 65 Partic deb 2d mtge 7s 1946 J&D N Y World's Fair 1939— Deb 4s 1941 ..—J&J Nivelle Corp 4s 1952 47 M&N Nordberg Mfg Co 1st 6s 1943M&S 95 North Amer Car— 5.40 Equip trust 4Mb Aug 1 *38-'46Equip trust 4Mb Nov 25 '38-'43 Equipt tr 4Mb 1938-47 J&D15 Equip trust 5 Mb Sept 1 *38-'44North Amer Cement Corp— Deb 6Mb A with 5.40 5.40 5.40 60 '40-M&S 6Mb 1943 m&S Income 6Ms 1953 M&S Nor Amer Refract 6Mb 1944-J&J North German Lloyd— 20-yr s f 6s 1947M&N New 6-4% 1947 M&N North Western Refrigerator Line Equip trust 4s ser I Jan 1 '38-43 Equip tr 4s ser J 1946 J&D Eq tr 3Mb ser K 1938-48—A&0 Northern Elec & Nor Pap Mills— 1st mtge 58 to 1948 m&N Debenture 6s 1943 M&N warr 75 25 55 98M 61 99 101M 3.75 91 80 Northern Redwood Lumber— 6s 1937 J&D 20 91 N'weet Pub's Deb 4^s 1948-J&J Northwestern Barb Wire Co— 1st mtge 8 f 5)^sw W1945.F&A 5 Ma without warr 1945-F&A / Norwestern Term Co 5s '48.-J&D / 103 M F&A McCormicks, Ltd, 5Mb '50 M&N / McCrory Stores Corp— 5s s f deb 1951 M&N 76 % 98" 104% 65 67 99 99 % Memphis Commercial— Appeal 4Mb 1952 —M&S Mengel Co conv 4 Ms 1947—M&S Mercantile Stores deb 5s 1947 J&J Merchants Distilling Corp— 5% conv deb 1947 M&S Mersey Paper Ltd 5s 1957—J&D Gen s f 6s ser A 1949 M&S Messenger Corp deb 4 Mb '51 J&J Metropolitan Ice 7s 1954—J&J Miag Mill Mach'y 7s 1956—J&D / Mich Tann & Extract 6 %s'38M&8 99 1944-m&N Conv s f 5s 1951 F&A Ohio Leather conv deb 5s '46-J&J Okonite Co 6s stmp J&D 1948 1953Oregon-Am Lumber 6s 1942-A&O Oregon Pulp & Paper 6 Ms to Apr 30 '37. 6% to 1945—M&N Oreg Terminals 6 Ha A1942-M&N 93" 97 1942 Old Ben Coal Corp 6s (w s) Inc deb 7)4s (w s) Aug 1 15"" / / / 20% 9% 24 94 22 38 20 95 Paper 6s 1943-J&J / Osgood Co deb g os 1943 J&D O'Sullivan Rubber 5 Mb '47--A&O Oswego FallsCorp 4 Mb 1952-M&S IVA 95 Otis Steel 98 Oxford Maimi Pvper 6s 1947-F&A Pacific Atlantic SS 2-5s *43-M&N 98 K 98 98% 76M 85 Without warrants s 50 90 78 - f 4Mb A 1962-—J&J 65% / 35" 1942.J&D 62 J&D Palmer Corp of La 1st 6s *48-J&D 100% Pan-Amer Industrial 7s '37-M&S / Pan Amer Petrol Co (of Calif)— 1st conv s f 6s 1940 J&D15 22M Certificates of deposit 22 M Panhandle Eastern Pipe Line— 99 1st mtge & lien 4s 1952 M&S Paramount Pictures 6s 1955-J&J Conv deb 3 Mb 1947 M&S Pac Coast Cement 6s A 95 95 98 67 70 M 20 70 89 60 63 / 118 7% gold notes 1935 A&O / 115 Minnesota & Ontario Paper Co— 1st 6s series A 1935 A&O / 32 1st 6s series A 1945 A&O f 32 1st 6s series B 1948 J&J / 32 1st 6s series C 1950 —M&N / 32 5-yr 6% notes 1931 M&S/ 10 Minn Valley Canning 6s *41—J&J 99 34 34 34 34 12 Pacific Coast Co 5s 1946 Parmelee Transportation Co— deb 6s 1944---.-A&O Mfg Ltd 1st 4 Mb '56.M&S Peabody Coal Co (Consol Co)— S f conv Paton 1st s r 5s 1953 ser A M&N 37 99 77 Pearl River Valley Lumber— 80 n 1st income 5s 1945 Orono Pulp & Miller & Lux Inc 1st M 6s '45A&0 k Last sale, 36 / 98M 96 85 Middle States Petrol 6 Ms 1945.. Miller & Hart Inc. deb 6s *43 J&J 69 A&O / McKesson & Bobbins inc— 20-yr conv deb 5Mb 1950-M&N Mead (The) Corp— 1st M 6s 1945 with warr M&N / 6s perpetual stock J&J / O'Connor Moffat deb 6s '38 F&A O'Gara Coal 5s '55 op aft'08 M&S / Ohio Fin deb 6Mb ww 40 82 79 20 Nova Scotia S & O 5s 1959--J&J 23 Deb 6s 1943 with warr / This price includes accrued interest, 3 / National Fire Proofing Co— 1st M conv 5Mb A 1946.M&N Cum conv inc 5s 1952 M&N 81 - 85 85 17 M J&J / Nat'l Acme 4Mb ext to '46--J&D Nat'l Baking 6s ser A 1941 M&N Nat Bondholders partic ctfis 101 McCord Rad & Mfg— 107% Mercantile Marine— 1st M coll trust 6s 1941--A&O International Paper— 1st & ref s f 5s 1947 ser A.-J&J 1st & ref 8 f 5s ser B 1947--J&J Ref mtge 6s 1955 ser A—M&S Internat Pow & Pap of Nfld— 1st M 5s 1968 J&J - 93 4 1956 (Central Funding series McColl Fron'nac Oil 6s 1949-A&O 87 105 18* iiy' 54 ser Natl Consol Bond Corp 2-5s 1953Nat Container deb 5Mb '52-A&O 64 Internat Conv deb 5s 1$41_. J&J15 Certificates of deposit-— Keystone Steel & Wire— 2% notes 1938 M&N 100 3% notes 1939-1941 M&N ioo 4% notes 1942-1945 M&N 98 Kings Co Refrig 6s 1942 A&O 60 Kingsport Press 6 Ms 1939--F&A 99 Kingston Elevator 1st 6s '50 M&N 94 M Kinney (G R) ext 5 Mb 1941-J&D 98 Kirby Lumber 6s 1938 J&J16 / 99 New 1st 4s 1947 J&(J16 99 64 75 84 104 % 100 M J&D Munlslng Pap 6s A &B 1943-A&0 Munson Steamship Line— Nast (Conde) 6Ma Dec 15 1937.. Maple Leaf Milling— 2%s to 1938, 5%s to 1949. J&D / Marine Elev (Buff) ext 5s '52M&S / 35 Marion St'm Shovel 6s '47—A&O 66 M Martin (G1L) conv 6s 1939-M&N 170 Massey-Harris Co 5s 1947--A&O 97 McCloud River Lumb 5s *48 J&J 97 21M 110 Internat 85 4s coll trust conv 1947 18 Illinois Steel deb 4Mb • 101 80 Libby McNeil &Libb 5s '42.A&O Liberty Baking 6Ms 1944—M&S 70 Liggett & Myers g 7s 1944--A&O 53 Gold bonds 5s 1951 F&A 64 Lincoln-Boyle Ice 6s 1947—A&O Lindsay Nunn Pub 6s 1944--M&S Lion Oil 4 Ms 1952 A&O £2* Liquid Carbonic conv 4s *47-J&D 99 97M Loew's Inc deb s f 3%s 1946-F&A Logan County Coal 7s 1942-M&N 96 Long Bell Lumb 6s sei A'42.J&J 90 6s series B 1943 A&O 6s series O 1946 —F&A 35"" Loiillard (P) Co g 7s 1944—A&O 5s, 1951 F&A Lukens Steel 5s extend 1955 M&N Manati Sugar 1st 7%s '42--A&O 101 Ceitifieates of deposit 30M 1st s f 4s Feb 1 1957 M$N Manhattan Refrig 5%s 1941-J&J Mansfield Min & Smelting— 7s without warrants 1941-M&N 26 6s 1949 series B Ice Service 1st 6Mb 1939 Coll D 5s - Nassau (Ger) Landbank 6Ma 98 69 18 vv - — Deb 6%s Jan. 1 1937—.A&O Certificates of deposit LeTourneau Foundation— 85 62 92 103% 8s 1941 .M&N 100 Morris Plan sec 6s x-w 1947-M&S 80 Mtge-Bond Co 4s ser 2 '66-A&O f 75 6s series 4 1933 M&N / 75 5%s series 16 1940 .M&N/ 75 Mtge Bond Co (Md) 2-5s Dec 1 '53 84 Mortbon Corp— Coll A 5s ser 1 1941 J&D 79 Coll B 5s ser 2 1946 J&D 65 Coll C 5s ser 3 1951 J&D 56 ng 40 M&N 98M 48 Ry. L Secured 6s 1937- '38P39 M&N 1940-1949- & 82 85 war_-J&J / Certificates of deposit f 1st mtge income 1975 J&D Lawrence Portland Cement Co— Deb g 5 Ms 1942 A&O Layne & Bowler 3-6Ms Dec 1947. Lehigh C & Nav fund 4s *48 J&J Cons s f g 4Mb 1954 J&J 82 Cons s f 4Mb 1954 ser O—J&J 22 Lehigh Valley Coal— 1st & ref 5s 1944 F&A 1st & ref 5s 1954 F&A 1st & ref 5s 1964 F&A 1st & ref 5s 1974 F&A 13% Sec 6% gold notes 1938 J&J Leonard Tietz—See Tietz l65" Leipzig Trade Fair 7s 1953-M&N / 84 80 9l" '38-A&0 Agricultural Corp—1st & collar s f 5s 1942—M&N International Match Corp— Deb s f 5s 1947 ——M&N 95 _ *46-A&O Independent Brewing 6s '55.J&J Indiana Ice & Fuel 6%s '47-M&N Ind Limestone inc 6s 1952--M&N Prior lien s f 6s 1942 M&N Indianapolis Motor Speedway—■ 1st extended 6%s 1946—F&A Industrial Acceptance 4s 1952 J&J Inland St'l 3 Kb ser D 1961—F&a Interlake Iron Corp— Conv deb s f 4s 1947—-- A&O 75 88 75 _ 99 95 4%-6%s 1st mtge 1944—A&O Holland-Amer Line 6s '47--M&N Jan 1949 85% 75 86 deb6s'40wwM&N LangendorfUnBak 6)48*41 M&N 80 Heywood-Wakefield 5s 1946 J&D Hightstown Rug 6%s w w 1944 Hines Land & Timber 6s '48--J&J Hoe (R) & Co 5-7s 1944 ws—A&O 1st & ref 6s 82 M Lake Superior Corporation— 1st & coll tr gold 5s 1944--J&D / 97 M Hatfield-Campbell Creek Coal— 1st 6 Ma 1948 M&S Hawley Pulp & Paper Co— 1st 6s s f 1946 Haytian Corp inc 8s Oct 1938-- -_ Hearst Magazines 6s 1938—M&S Hearst Publica 6 %s to 1947-M&N 47 M 16 % , 77 Harris-Seybold-Potter— - —J&D 100 100 77 Conv s f deb 5s 1951A&O Hart Coal inc 6s 1945— 37 14% 23 27 Kentucky Securities coll 5s 1940- Lane Bryant Inc Harpen Mining Corp— •. •., 6s with warr for Am shs.-.J&J f - 88 (Rudolph) inc— shs.-M&N f Ctfs of dep w w stpd 1943—/ 6s stamped (par $925) 1943 / 6s with warr (par $925) 1943-- / Keith (B F) Corp 6s 1946-—M&S Kelly Springfield Tire 6s '42-A&0 / 6s stamped 1942 A&O f Kelsey Hayes Wh'l 1st 6s '48.J&J 15-yr conv deb 6s 1948 J&J 1st 6s 1943 with Am 75 % unstamped 1939—.... 1947 75" Ind Monroe Coal Mining 6s '47 F&A Montreal Cotton deb 5s '43-M&N Morgan Eng Line & Gas— 1952—J&J 98M Hamilton Holly Sugar Corp l%s 1st 2s 1939— lst2%s 1940 1st 3 Mb 1941 1st 3^s 1942 97 96% 99 M 92 65 Lake Erie Bolt & Nut— 92 Gypsum Lime & Alabast— 5%s 1948 M&S Hall (F W) Printing Co— 1st & coll 6s stmp 1947—M&N By-Prod Coke Ovens— 1st s f 5s ser A 1955 M&N Gen sinking fund 6s 1956- - A&O Hamilton Mfg 5s w w 1951 -.M&S Hansa Steamship Lines— . 10-yr 6s 1939 stamped A&O 98 70 Granby Consol Min & Sm 5s 1942 Grand Trunk Ry Term 6 Cold Stor 1st 6%s 1952.A&O f Graton & Knight 4%s '51—J&D Great Lakes Paper Co Ltd— 1st s f 5s 1955 A&O Grigsby-Grunow conv 6s '36 M&S Groc St's Prod conv 6s 1945-J&D Gulf States Steel 4%s 1961-A&O Heller (Walter E) 4s ww Helvetia Coal Min 1st 5s / Karstadt 1st 6s A&O Good Hope St~&Tr Wks (Germ'y) S f g 7s Oct 15 1945—A&O 15 Goodrich (B F) Deb g 61945 J&D iHt 4b Kansas Pipe Keyes Fibre 1st 6s 100 Godchaux Sug 1st s f 5s '47-M&N Golden State Milk Prod— 6s Journal of Commerce 6M 1937 Ext s f 6 %s 1947 J&J Keokee Cons Coke 5s 1959- -J&J 67 M 58 Graham Paige Co M&S loseph & Feiss 5s 1943 3%-6%s 1945- 21 ^ 1944 Monon Coal—See Chic Kentucky Rock Asphalt— 23 57 6s 30 1st 5s series A w w Gen Motors Acceptance Corp— 10-year deb 3s 1946 92 / & Laughiin Steel— 1st mtge 4 %s ser A 1961—M&S Jones General Cable Corp— GenElec Missionary Sisters (Waukegan, 111) 1st ref 3)4-4s 1951—-A&O Mohawk Rubber ext 6s 1938 A&O / iefferson & Clearfield Coal & Iron 100 K 1941-1942——J&J General Bronze deb 6s Bid Bonds Ask Bid 100 1940. J&J Gen Amer Transport 3s Bonds Ask Bid Bonds bonds issue 1st income 4~5s 1945— Nominal. M&S 110 JAN., 1938] INDUSTRIAL MISCELLANEOUS & BONDS; 83 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 Bonds Penn Mercantile Bid Bonds Ask A&O f 40 Secured s f 3-4s 1961 J&J 35 Pennsylvania-Dixie Cement Corp 1st m s f 6s 1941 ser A.M&S15 82 Pennsylvania Glass Sand Corp—1st s f 4^s 1960 103 J&D Secured 5 Ma 1948 37 86 K \st 1943 35 39 10 102 K 103" Phila Brew 1st conv€s 1944-M&S — _ Pitts Steel s 16K 4M 10 105 15 32 35 3M 108 M 109 12 8 1 1 100 M H io tr¬ . F&A f 6s 1948 Pocahontiis Consol Collieries— 1st gold 5s 1957 op J&J 105 M 106 85 104 98 K 8i* 93 93 K 96 1st s f 4 Ma 1967 Southern United Ice Co— 1st 4s w s 1950 98 K 83 81 85 20 102 83K 85 75 77 80 85 Railway Express Agency Inc— 1938 (a-a) M&S M&S 100 M 105M 102 108 Realty Bond & Mtge deb 3-6s '53. Red Riv Lumber 5 Ma 1938-M&N 44 Reliance Bronze & Steel 6s 1944.. 10 91 92 88 Deb Rheinelbe Union 7s 1946 J&J Rhine-Main-Danube 7s *50 M&S Rhode Island Ice 6s 1948 M&N 5s with stock 1951 F&A Richardson & Boynton Co Cum income 4s 1945 —J&J / Richfield Oil of California— Coll tr 6s 1944 ser A M&N / 106 97 K Certificates of deposit. / Conv s f 4s 1952 M&S / / / / 25* 24 30 M 25 25 88 K 19 48 25 45 ^ - 1st 6s *39.. F&A St Lou is Gas & Coke Corp— IstM sf 6s 1947 J&D / St L Rky Mt & P 5s '55 stpd.J& J St Paul ITn Stk Yds 5s 1946. 4&0 Samson Tire & Rubb 6 Ma '39 J&J Saltex l ooms Inc 6s 1954 A&O Saratoga Victory Mills— 6 Ma 1943 J&J Saxon Pub Wks (Germany)— 1st extl s f 7s 1945 F&A Gen & ref 6Ks 1951 M&N 6% notes 1937 J&J 8ayre & Fisher Brick 6s 1947. J&J Schoenstadt (H) & Son 6s 1950 Schulco Co 6Ks 1946 J&J Stamped (July 1933 coup on Guar s f 6Ks 1946 ser B..A& Stamped Schulze Baking 1st 6s '45 M&S Scott Paper deb 3 Ma 1952—M&S Scovill MfgCo 5Ma 1945---J&J / f / 22" 22 96" 26 M 102 Thermoid Co 5s w w 1951—J&D Three Rivers Grain & Elevator— 1st 8 f 5Ma ser A 1951 Ticonderoga Pulp & Paper 6s '40 4Kb conv deb 1947 F&A Tomahawk Kraft Paper— 1st 5s (with stk) 1951 A&O Trask Timber 1st 3s 1944—J&D 28 73 11 28 16" 20 M f conv 3-68 w w 1951 A&O 3-6s without warrants '51 A&O k Securities Accept Corp 5a '46 J&D 1933. J&J / 32 K 70 104 M 107 106K 100M 51 108 Dec?!! 95 T~ 1950—F&A 12 —J&J California— May 1 1942 ser A F&A 15-yr 3Ks deb 1952 _J&J Union Rock 1st 6s s f 1947--M&S Union Term Coal Stor 6s *39-F&A United Amusement Corp— 1st s f 5s ser A 1956 United Biscuit deb 5s '50 United Cigar-Whelan 8 f 5s Oct 1 1952 76" 53 100 47 49 44K 95 99 M 100 78 83 60 63 2 10 / 3 4 f 35 40 95 98 --T7 105M 106M 96 99 80i. 85 119K 97 122 100 85" 105 M 2M 105K 4 66 70 94 95 102 100K 23 M 35 100 100K 29 39 62„ 85 88" 35K Walworth Co 6s s 102 M 104 58 f deb 1955-A&0 74 M A&O Warner Bros Pict 6s 1939 Warner Co 1st 6s 1944— 67 M&S A&O 74M 45M 12M 62 Warren Bros Co— Conv s f deb 6s M&S M&S 1941 Hi 41*i» Disinfecting 6s 36 39" 32 101 100 H7 105K 16 65 103 103 117K 108K 18 70 106 M 74 M lst 681945. J&D 24" 25 24 35 84 88 65 66 89i, §6" 74 85" /This price includes M&N M&N 95 97 79 M&S 83 H 1940--J&J West Indies Sugar 6s 1947--A&O W Va Coal & Coke lst 6s '50.J&J W Va Pulp & Paper 4Ks '52 J&D 90 90 / 15 100K West Chain Stores 6s ww'39 M&N Western Fuel Corp 7-4s '50-M&N 101 70 75 75 36K Western Newspaper Union— Conv deb 6s 1944 F&A Western Steel Prod 6s A '48.M&N lst s f 6s series B 1948 M&N 40 57 57 -- 100 Debenture 4Ma 1945——.J&D Wheeling Steel Corp— lst M s f 4Ma ser A 1966--F&A Whitaker Paper 7s 1942--.-M&N White Sewing Machine— Deb 6s 1940 M&N Whittal (M J) Assoc Ltd 5s 1937. Wickw Spencer Steel 7s *35 J&J 103 83 M 108 92K f Certificates of deposit / Pr lien & coll 7s Jan 1935.M&N Certificates of denosit / 12 K 5-year 7s 20 21 95 85 101 ser A 1930 Secured 6s 1945 Wilcox Oil & Gas 6s 1945 Wilson & Co 4s ser A 1955 12K J&J / M&S J&J J&J A&O Conv debs 3 Ks 1947 Wilson Line 7s 1945— Winslow Bros & Smith 99 77% 13 M 99K 82 M 100 102 100K 102 75 36 101K M&S 5Ma 1943. Wise Lime & Cement 6s '38. A&O / Wither bee Sherman Inc 6s 1944. / Wood (Alan) Ir & St 6s 1944.A&O 38 mm Woodland Farm Dairy— 6Ma w w 1944Woods Mfg Co Ltd ......J&D 86 J&J 3 Ma series A 1942'-1945 J&J 4s series A 1946-1947 J&J 4Kb series A 1952 J&J Woodward Iron lst lien 5s '62J&J 98 lst 3s to 1941 97 96 100 85 York Ice Mach 6s 1947 A&O Debenture 6s 1943 J&D Youngstown Sheet & Tube— lstMsf4sser C 1961 M&N 98 M 93 96 K SEATS No. Lost Sale Exch—-1,375 $75,000 N Y Cotton Exch N Y Cof & Sug Ex. 450 N Y Curb Exch... 550 9.000 3,700 344 76 139 "800 3,500 2,900 2.000 4,000 3,800 6,000 _ Cincinnati Stk Ex.. Cleveland Stk Exch Detroit Stock Exch 9,000 3,000 17.500 800 3,500 Chicago Bd of Tr. 1,549 Chicago Stock Exch 387 50 41 Ft Worth Gr & Cot 69 66 Kan City (Bd of Tr) Los Ang Stock Exch 213 83 188 523 19 t/80 500 70 200 115 46 49 69 72 2,500 1,300 Minn-St P Stk Ex. Montreal Stock Ex. 2,800 5,000 1,500 Milw Grain & Stk. Minn Ch of Comm. 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 T Seattle Curb & M. J Toronto Stock Exch 350 125 1.000 1,250 46,000 1,000 175 1,000 1,000 1,100 500 400 88,000 8,000 250 37 85.000 Washington Stk Ex 113 40 J Wheeling Stk Ex. 13 Winnipeg Gr Exch. 463 §1.000 6,100 accrued interest, k Last sale. 600 » .... 97" 95 2d conv inc 5s 1962. .Aim Apr Woodward & Tier nan Print— 6s 1942 J&J Boston Stock Exch. M&S15 . Deb 4 K« 1945 J&D Waltham W'tch & Cl'k 6s '43 J&D Walton Lumber lst 6 Ma '41 Q-Jan Baltimore Stk Exch 41M 41M E11^ £ruP 5? 1953 United Grain b Basis. 98 98 (Hiram)-G & W— EXCHANGE 94M fixed. 45 7 Ma 1943 M&N Wabasso Oot'n 3 M-4 Ma '51 F&A N Y Stock 72 are 7M 15 33 lst .— 67 106 Ks 1941 M&N United Merch & Mfrs 6s 1945 J&D United Securities Ltd 5 Kg 1952, 8M 100 42" Weyenberg Shoe Mfg— 70 J Price of Wheeling Stock Exchange memberships prices. $ Sale price, y 80 seats, 70 members. 73 93 nAte£ 6 Deb Certificates of deposit Viau Biscuit Corp 6 Ma '46--J&J Vicana Sugar Co 6s 1955 J&J Victor Amer Fuel 6s 1940 F&A Victor Fuel lst s f g 5s 1953.-J&J Va Iron Coal & Coke 5s '49.M&S Vulcanite Portland Cement— 98K A&O Growers Ltd— 1948 J&J 5Ks series B 1949 M&N 94 82 23 86 97 5s series A 82 West F&A Stores— A&O Vanadium Corp of Amer— Conv deb 5s 1941 A&O Van Camp's Inc lst 6s 1943-.J&J Van Dorn Iron Wks 7s June 1 1942 Vertientes Sugar lst 7s 1942. J&D Webster C&C lst g 5s '42 op M&S United Corps Ltd inc 5s 1953 F&A United Elec Coal Cos inc 7s 1946 101 45 9sny &8 2th Union Compress & Warehouse-^ 1st 2M-4Ma ser A 1942—J&J 1st 5s 1943-1951 28 1st F&A Certificates of deposit Union Oil Co ol 6s 20 20 Scullfn Steel Co— M&S Tide Water Assoc Oil 3 Ma *52J&J Tietz (Leonard) 7Ks x-w '46.J&J Tilden Lumb & Mills 6Ks'46M&S Tokheim Oil Tank & Pump— TT f Scripps (E W) deb 5Ma 1943 F&A J&J 55 85" 89 Copper & Chemical— Term Warehouse 2d 5s '42—J&J Texas Corp deb 3Ks 1951--J&D Texas Sugar Ref 1st 6s '44—F&A 98K 24 108K J&D f Conv deb 6s 1944 ser B_„M&S Tenn Corp deb 6s ser O '44..M&S 79 84 M&S Coll inc 7 Ma July 1 1958—A&O Tenn Coal & RR 5s 1951-.J&J 27M 16-yrcolltr 4Kb A ww *51 A&O United Wall Paper Fac 6s 1947 Universal Sewer Pipe 6s 1938.J&J 22 39 M&N Taggart Bros Co 6s 1944 J&D Taylor-Warton Iron & Steel— J&J United Stockyards Corp— Wayne Coal Co 6s 1937 A&O Unified Deben Corp 5s 1955 23 37 61 f 5s 1948 27 M 27 M 90 42 Conv 6s 3d stpd 1944 55"" 103" 100 M 59 Turner Glass Co 1st 6s 1939-J&D Ulen & Co— 26 10 68 1936 Sink fund deb 5s 1938 Swift & Co 3Ks 1950-— 11 99 J&D J&D 85 Struthers Wells Titusville— 1st mtge s f 5 Ks w w 1949. A&O 77 21 (Hugo) Industries— 6 Ks series A 1951 6 Ks series C 1951 6 Ma series A 1947 93 A&O A&O m 23 51 22 M 96 22 Strange (John) Paper 6s '44--J&J Straw bridge & Clothier— 6 69 $f ... 26" 104 10 i ^ deposit 1946 Tenn Prod 1st 6Ks 1936 70" 56 103 M 5 Ms notes 1937 Warren (S D) Co— lst mtge s f 4Ks 1952 Conv deb 4 Ks 1952 x J&J Tenn 55" 82 — Seneca Copper 7a 90 M 21 65 103 M 101 52 i—t» i OlWO O©trHf-n : ^ h-i 97 20 26 104" (Hugo) Corp— stamped 1946 s —- 107 % 95 Warner-Quinlan Co 6s 1939.M&S Warner Sugar Corp 7s 1939. J&J 4s ctfs of deposit 1936--J&J 2d stamped 1940 J&J 1st 98 conv deb s f 5s 1946 ...F&A U S Rubber 5s 1947 ser A J&J U S Trucking 20-yr lst mtge 4s 1955 103 F&A Sugar Pine Lumber Co— Fst M serial 6s 1932-1942-M&S 26 22 93 J&J Superior Steel Corp 6s 1938-J&D Susquehanna Silk Mills— 105 99 Joseph Stock Yds 5s '40-.. F&A 15 J&D 36K 5 40 Thompson Pap 6s 1942 Studebaker Corp 6s 1945 J&J Stutz Motor Car 7 Ma 1937--A&O Sugar Estates of Oriente— 1st 7s 1942 ctfs of dep M&S 8 Riordon Pulp & Paper Ltd— 1st 6s June 30 1942—-J&D30 104 M River Raisin Pap 1st 6s *45 98 F&A Roberts & Oake (Chi) 6s *44. M&N Roch & Pitts C & I 5s '46—-M&N 91K Rocky Mtn Fuel 5s 1943 A&O / 24 Rolland Pap 1st 5K» A *48—J&D 103 Rolls Royce 7s Sept 1 *37 stamped / 2M Unstamped. f 11 Roman Catholic Church 6 Ma 1946 / 20M Rom Cath Church Welfare 7s 1946 f 20 Royal Dutch Co— Deb 4s 1945 with warr A&O 130 Rueping (F) Leather 6s '40.-A&O Ruhr Chemical 6s 1948 A&O 19" Ruhr Housing 6Ks 1958 J&J / 21K Safeway Stores 4s s f deb '47-J&D 101 h St Clair Furnace 79 100 K .... 4 7s unstamped 98 J&J f Conv deb 3Ks 1946 M&N U S Print & Litho 6s 1950.-A&O U 8 Radiator deb 5s 1938--.F&A Walker 35 5Ks A 1943 Stinnes 96 99 M 94 M Reynolds Met deb 3 Ma *51—J&D A&O 4s ctfs of 113 105 43 Dairy Products— 1938. M&N 7s unstamped 1946 79 92 % Stillwater Worsted MillsStinnes 112% 76M 75% 96 A&O / Steel Co of Can 6s 1940 Stern Brothers 6s s f 1947 2d Revere Copper & Brass— 1st mtge 4^s s f 1956--—-J&J St 97 72 Standard Ice 1st 6s 1947 F&A Stand Oil (N J) deb 3s '61 .-.J&D Stand Textile Prod 6Ma *42 M&S AsS6Dt6(i 15 Richm'd Cedar "Wks 6Ks *45 J&J Richmond Hos Mills 7s 38—F&A Richmond (Va) Ice 6Ks '42.A&0 Rima Steel Corp 1st s f 7s '55 F&A 72 95 Spang Chalft & Co 1st 5s '48 J&J Spirit Lake Transfer 5s 1946—J&J Springfield Ice 7s 1944 J&D Square D Co deb 5s A 1945--F&A Staley (A E) 1st mtge 4s '46.F&A 90 Remington Rand Inc— 20-yr deb 4 Ms w w 195fl_. M&P 4Kb without warr'ts 1956 M&S Republic Steel Corp— Gen mtge conv 4 Ma A '50.M&S Gen mtge ser B 1961-F&A Gen mtge I Ks ser O 1956 M&N Purchase money 5Ks *54_M&N Restigouche Paper Ltd 6s '48F&A 106 H 68 Conv income 5s 1944 So'western Devel't 4s 1942--J&J Stevens & 1939-*49 106K / Stanley Co (Camden) 6s 40 J&D Stanley Crandall 6s 1946--F&A Stanly-Rowl-Clark 6s 1946--F&A Starrett Corporation— Secured cum inc 3-5s Apr 1950- 40 common 5s A&O 1st gtd 7s 1940 w w U S Finishing 5s 1944 U S Pipe & Foundry Co— Utilities Elkhorn Coal 6s 1948 T&J Valvoline Oil ext 5s 1947.-M&N 91 R&dio-Keith-Orpheum Corp— Part paid ctfs (for 6% deb and 5s ! 60 Southern Advance Bag & Paper— lstsf 6s 1947 J&D Southern Brighton Mills— 6Ma 8 7 98 — 1st leasehold 4Ks 1946—J&D Southern New England Ice— 97 M stock) 65% paid--. Debentur? gold 6s 1941--J&D Conv sf deb 5 Ma 1947 i 99 M 46K 101 Purity Bakeries 5s 1948.....J&J Quaker City Cold Storage— 1st s f5s 1953 M&N COCO 1 103K Corp— Gen mtge inc 6s April 1950 Southwest M&N fs-a>. Socony-Vacuum Oil— Deb 3 Ma 1950 98 102 M 46K _ Serial J&J _ Slattery Co 1st 6 Ma *45 M&N Imith (Howard) Paper Mills Ltd 1st 4Kb 1951 J&D •Imith (L C) & Corona Typewr'rs Dab 2% to4K% to 1946—J&J Smith & Wesson 5Ks 1938--J&J 59 1940 M&N 1942..J&J 6Ks Corp 5Ks'43—J&D (Germany) 65 56 81 76 A&O Series 93 M 95 M Southern Ice 1st & ref 8s '42-A&0 Southern Kraft Corp— 43 M 1st 5s 1957 M&S 2d conv deb 4s 1957 M&S Produce Term & Cold Storage— 1st income 6s 1958..—.J&D Protestant Church of Germany Ltd 5Ma 1947 J&J 51M 46 K trust Gtd coll trust 6Ma U S Cold Storage(dng)6s'45_J&J U S Cold Storage (Kan City)— lst sink fund 6s ser A 1946.F&A lst sink fund ser B 1949—F&A United Steel Works Simpsons Ltd— 1st & coll 4Kb A 1951 4kelly Oil deb 4s 1951 71 Price Bros & Co Ltd— 7s 1946 Prov Paper 80 91K 71 71 s f 5s *65 J&J Pressed Steel Car Co 5s '51--J&J X- 75M 43 M M&N \— 81" 43 M 43 M Potomac Realty Atl Deb Corp— 3-6s 1953 Potrero Sugar— 385 77 M 89 M J&D 72 1953 62 6 VA 70 1st gtd 6Ks 1940 J&D Sou Ice & Util conv 6s 1946.F&A 45 Potomac Franklin Deb 3-6s 1953Potomac Md Deb Corp 3-6s 1953 7s stamped 1947 Pratt Cons Coal 1st 104 M 101K — South Coast 103 X Potomac Cons Deb Corp 3-6s '53Potomac Deb Corp 3-6s 1940 Conv 6Ma A 1945 M&N Signode Steel Strap 3 Ks '45-A&0 SUesian-Am Corp 7s 1941 F&A Silverw'd Dairies 5s '41 to '51 J&J Simmons Co Conv deb 4s'52A&0 l5o" „ Poor & Co s f deb 4s 1946 A&O Portld Woolen Mills 6 Ks'41 M&N Porto Rlcan Amer Tobacco—• Conv 6s 1942 J&J Potomac Bond Corp 2-5s 1953—- 7s Signal Oil & Gas— Phila & Read O & I 6s 1973--J&J f 15M Conv deb 6s 1949 M&S f 4M Phoenix Iron 1 st s f 6s 1946-M&N 103 Phoenix Silk Mfg 7s 1943—F&A f Pickering Lumber 6s A '46—M&N f Pierce Butler & Pierce 6 Kb '42 f Pillsbury Flour Mills 6s 1943 A&O Pine Hill Collieries 1st 6s '42 A&O Pirelli Co of Italy con 7s '52 M&N Plttsb Brewing 6s Feb 4 '49—J&J Pittsburgh Coal Co— Sinking fund deb 6s 1949-F&A Pittsburgh Coke & Iron Co-— 1st mtgeconv 4 Ma 1952—M&S Pitts Crucible Steel 6s to '45.M&S 98 K 58 M 98 % 60M -Ann Apr f 370 J&J 98 Bid U S Bond & Mtge Corp— Coll 98 J&J f 6s 1947 s Bonds Ask 107 M Siemens & Halske 10-yr 7s *35 J&J f Deb g s f 6 Ma *51 with war M&S f Deb 6s 2930 M&S f 6% notes w w 1938——M&S f Phelps Dodge 3 Ma 1962 J&D ww J&J 16-year 3Ma debs 1951—M&S iheridan-Wyoming Coal Co— Pettibone Mulliken— 6s Bid 9ervel Corp 5s 1948 Shell Union Oil Corp— Properties—. 6.000 Nominal. 101M 88 Quotations for all securities are as near as possible for the closing day Stocks Stocks Ask Bid Par Bid Par Dixon Mills STOCKS 66 Drayton Mills.-—20 Dunean Mills 20 TEXTILE ' 5 28 105 18H 23 80 50c 21 12 18 10 Spinning Co * New preferred—* Pref unassented Bigelow-Sanford Carpet common.* 6 5 35 48 22 Booth 100 Mfg ^order City Mfg 100 Preferred 100 Boss Mfg com 100 * Bourne Mills Brighton Mills— Preferred—-.100 Charlton Mills-100 Dexdale Hosiery— Preferred 100 Draper Corp Farr Alpaca li* 85 2 2* 7y J* 100 11 14" 9 --* 57 6 1 50 4 General Prior preferred— Hathaway Mfg--100 Kilburn M (N B)-75 Luther Mfg 100 Martel Mills 1 Preferred 8.50 Mohawk Carpet. .20 12 37 9 30 18 193 673 62 ^ 26 25" 20 X Nashawena M * Nashua M(NH) 100 Preferred 100 - 2nd preferred Nelld Mills — 1 100 Nonquitt M (N B)_* Pacific Mills * Pepperell Mfg 100 —100 Pilgrim Mills.—100 Plymouth Cord.-100 Pierce Mfg Powdrell & Alexander common 5 Powdrell Notes 100 Co (F R) • Saco Lowell Shops New common * Preferred A—-_20 Sagamore (F R) Wamsutta * Mills Arcade Cotton Mills 100 7% preferred-—-Calhoun Mills Cannon Mills * 13 2 6% preferred-——— Imperial Yarn Backbone Gold 65 Chiquola Mfg.—20 6% preferred Clifton Mfg (SO) 100 Climax Spinning- .50 Columbus Mfg (Ga) Converse (D E)-100 Cowpens Mills Crescent Spinning-_ Dallas Mfg (Ala) 100 Darl'gton Mfg(SO) Bulolo 70 77 Butte Butte & 75 38 Callahan 45 10 Sup Carnegie Metals 98 75" Cerro de Pasco * Chief Consol Mln._l 67 *83" 88 77 86 7 T 7 53" 93 (F W) Mfg.. 100 75 Eagle Pich Lead--10 70 Evans Wall 125 4 102 *X J* 63 100 93 98 102 5 8 73 70 35 4 91 8 87 4*5* 55 28X 29 Mining 25c Hollinger Mines 5 15 Spartan Mills 100 20 Startex Mills 4 Union-Buffalo 66 16 84 19 87 22 39X 42 Mills 10 10 Common pref 100 pref.-.100 Victor-Monag Co 7% preferred. .100 Victory Yarn Mills— 1st 7% 2d 5% 10 70 35 100 107 58 110 94 65 87 1st M 6s Jan 1941 97 Wallace Mfg Co Ware Shoals Mfg 100 104 62 74 85 44" 14 IX 78 90 5 49 X 14 50 7% preferred Wellington Mills * Preferred West Point Mfg 20 Winget Yarn Mills Mtge 68 Wiscassett Mills Woodside Cotton.20 80 95 —* Isle Royale Cop Jardine Mining Abbott & 5X OX 9X Common ——_1 $6 preferred 75 Abitibi Pow & Pap 6% pref 100 7% preferred—100 Abraham & Straus Acme Steel Lane Rincon Minesl Lake Sh Mines Ltd 1 25 Adams (J Adams Acme Wire Adams tigraph Corp Canada * Mother Load Ooali'n Mines. Mt City Copper 24 Aeolian Co— 6% preferred A. 50 Mfg— 7X Aero Supply Class A * Class B * IX Aetna Ball Bear—1 40 Aetna Brewery 1 Aetna Stand Engine* - National Tunnel and Mines com..* New Jersey Zinc..25 k Last sale. I Par value $100. 20X 10 Castings com 6 Advance Rumely—* Mining Corp of Miami Copper..-.5 * Advance Aluminum % Mayflower-Old Colony Oopper_25 McIntyrePorcupine5 — Royalty * Addressograph Mul Louisiana L'd & Ex 1 Lucky Tiger Comb Gold Mining—10 agma Copper Ool5 t c_.20 v D) Mfg—* Express-* Adams Millis Lava Cap Gold Mini 70 f Flat price* 10c 20 * IX 57 X IX 58X Preferred.——100 Agfa Ansco * Agnew-Surpass— Shoe com Preferred 100 Mfg——5 Air Devices a Purchaser also pays accrued dividend. Ex-dividend. * With out par value. IX X Trust Air Associates _ I* 8c "2" Lab'tories-* Alnsworth * lk 4M% convpfd 100 Abbotts' Dairy 22 1 Kennecott Copper-* Kildun Mining 1 Kirkland LakeGold 1 21 6 4c* 10 MISCELLANEOUS 25 18" 18 2 * A B Stove Goal_l 16" 94 146 _ Abercrombie & Fitch 14 87 132 5 16 5 a 42 % 56 preferred--—_1 54 60 Class A pref Class B pref a INDUSTRIAL AND 20 Internatl Mining—1 51 X 530 12X Inspiration Cons Copper Island Creek Guar of New York Warrants 49 64 95" Illinois Zinc 20 46 Stowe Spinning Textiles Inc com—10 f Bay Min & Smelting--...* 22" 117 17 Sterling Spinning Title Hudson 99 18 43 3 a 52 H common 12 X Howe Sound Co 85 3 * 35* Homestake Mines Southern Franklin com X Hecla 100 81 93 • 5 common Greene-Cananea. 100 7% preferred Weaving 25 10 98 Power 18 26 9 Southern 8 101 16 20 Preferred a Bond & M Guar..20 1 Mines 100 8X 12 125 5 a EmpfreTitle &Gul00 Home Title Ins (NY) Lawyers' M Co 20 Lawyers Title & Guaranty 100 Natl Surety Co.-10 Granby Cons M S & Sibley Mfg (Ga)_100 Smyre (A M) Mfg 10 7% preferred Southern Bleachery & Print Wks ♦ Process 65 & Goldfleld Consol 14 55" — GUAR¬ & SAFE Mortgage Guar. com. .10 7% preferredlOO Golden Cycle Corp 10 90 Rowan Cotton Mills a DEPOSIT STKS. Bankers Bond & Smelting 75" 12 6% preferred Saxon Mills ANTEE Lead--* Federal Mining 25 64 a TITLE 7 % preferred- -100 29 100 Riverside & Dan Riv Common 25 2 Gold Min &M.-1 85 22 a Cusi 115 4 95 * Gold_5c Mexicana__50c Dome Mines Ltd--* *26^ a City R E T (O)—500 Congress St Associ¬ ates (Boston) .100 Factory Bldg Tr_105 Fifty Associates (B)_ Hotel Tr (Boston) 100 Kimball Bldg Tr 100 Oresson Consolidated 6l" a 100 Cent BldgTr 100 Chic R ETrus's. 100 Boston Wharf Canyon. 10c Copper Range Cornucopia a Bos Stor W'h'se-100 37. T(Bos)-100 10 24 24 46 20 a a Bos R E 25 66 Rhodiss Mills 7% pf Riverdale Mills pref. ~0X Copper 90 ' 100 20 Bd ofTr Bid Tr.100 Bos Gr'd R'T Tr 100 1 Copper —5 REAL ESTATE TR & LAND STOCKS Oomo Mines..— 1 Consol Copper 5 Cons Min & Smelt .5 48 44 88" Mfg Chile * Yukon Gold Calumet & Hecla 2 Ootton. Perfection Spinning Pickens Cot Mills Piedmont Co Hargreaves Mines ux 2X IX Central Am Mines. 1 38 5X Utah Metal & Tun.l Walker Mining 1 Zinc-Lead 1 5 57 7% preferred..100 20 United Verde Ext50c Utah Copper Go_.l0 Wright C2J4 Cop & Z Oo_5 40 Pacolet Mfg 40 Teck-Hughes G M_1 Tonopah Belmont-1 Tonopah Mining. _1 Union Copper Land & Mining 25 3c 5 6 Sull'n M & 40 7% preferred 35 Silver-Lead-1 Sunshine Mining. 10c Stand Bunker Hill 98 1 5 King Coal—5 So Am Gold & Plat.l 2£* 11* Mines 1 Gold Dredg¬ 59 18]4 . 10 1 Shattuck Denn SUver Consol 75 50 Newberry O M__l0o Norris Cot Mills Orr Cot Mills—100 16 16 6c 6 55 52 Nat Yarn Mills il* Joseph Lead San Toy Mining Seneca Copper Black Hawk Musgrove Cotton— 10 X 11X St 1 12 Bagdad Copper 9 52 Mooresville 10 8% preferred Smelting—.1 $5 prior conv pf 25 AnacondaCopMin 50 Andes Copper M.20 Ariz Comstock 1 34" 89 9 Ltd Amer snares. St Anth Gold M...1 6c Austin Silver Min__l 73 94 25 80 18 Quincy 25 Roan Antelope Min & ing, Ltd Mill pref—100 Monarch Mills. .100 3K 106 10 Lead 20 35 Mills Ghadwick-Hoskins China Grove Cot— 97 95 4% preferred— $3 prior pref Highland Pk Mfg 20 Pond Creek Pocahontas.--—* Premier Gold M Altar Cons Mines. X Amer 12X 114 95 85 106 106 106 101 40 10X Pioneer Gold Ltd—1 Polaris Mining—25c 101 101 20 108 106 Admiralty Alaska Gold Mining 1 Alaska Juneau Gold Zinc 2X 1 Consol Mines. Amer shs ctfs__j.u -10 Majestic Mfg Marion Mfg Co Marlboro O Mills—4 13 68 X 25 Burlington Mills—1 Co 9 18 34 25" 101 101 Mining Preferred..—-.20 Hamrick Mills Hanes (F H) Knit.i 7% preferred— Hanover Mills— 6% preferred Hartsville Cot Mills Henrietta Mills— Southern "Worsted pf Avondale Mills 1 Beaumont Mfg 7 % preferred Belton Mills (SO) .25 Preferred Bibb Mfg. 100 Brandon Corp A Class B 105 47 11 43 30c Park-Utah— STOCKS MINING 40c 22X Enterprise— Linford Mills 8 Southern Mills Abbeville CM (SO) 10 Acme Spinning Alabama Mills * Amer Yarn & Proc— 7 % preferred Anderson Cotton 95" ai* Grendel Mills Poe 100 40 7X # Patino Mines & King (J P) Mfg-100 100 Limestone Cot Mills ♦ M. 34 Laurens C M 35 (NB)Ii00 60 97 10 pref Gainesville Cot Mills Glenwood Mills— Gossett Mills 36 Mfg PpfifftPTAd 98" 6 - Atlantic Mutual— 65 93 Judson Mills A pflOO Preferred B 100 13 * Saratoga Victory Mills common—* Soule Mill 7 % preferred-——- Gaffney Mfg 50 50 3X 9 20 Banford Mills 100 _ 100 * NIpissing Mines Noranda Mines ♦ North Butte 2.50 Old Dominion Co-25 Pacific Tin * MARINE INSUR¬ ANCE SCRIP 92 Florence Mills—.— 52 6 10 Flint Mfg Co i55 96" 95 Inman Mills Preferred 2 100 Preferred B Preferred Wabasso Cotton Mills pref Dartmouth Suissett Mills—100 ich Borden Mfg 72 24 - 68 65 148 Cottons, Preferred -100 10 70 N Y & Honduras Rosario 105 * Penmans Ltd com.* 116 Per share 60 55 100 Preferred £2^ 80 100 Industrial Cotton 13 Mt V-Woodb Mills (Baltimore) 100 Preferred---100 Montreal 13 Granteville Mfg--20 10 30 25 100 Cotton—* GosnoldM (N B)._* Preferred 100 66 55" Serial notes-- Conv Domin Text Ltd Preferred 100 6% preferred.—— Fairforest Finish Co 7% preferred 100 Preferred 38 52 25 11 68 Erwin Cotton com— 31 52 Enterprise Mfg(Ga). 84 100 28 18 7 % preferred Efird Manufacturing 60 Fine Converters. 100 Can Cottons Ltd 100 Ask Bid Par Newmont Mining. 10 New River Co 100 Canadian Mills Can Stocks Ask Bid Per share Preferred Hosiery 6% preferred Eagle & Phenix—100 Eagle Vara Easley Cotton Mills 115 72 -100 Preferred 76 7 31 Durham Northern Mills Algonquin Print-100 American Mfg.-100 6% Preferred-100 Amoskeag Mfg * Arlington Mills.. 100 Barnard Mfg 100 Beacon Mfg 100 Par Stocks 109 preferred 7% Berkshire 1935764—- Ask Per share Per share of the month preceding the date of Issue n Nominal, 1 Corp—1 r Canadian price. t New stock! ' t Jan., 1938] Stocks & INDUSTRIAL Quotations for all securities Bid Par are as near as Stocks Ask • MISCELLANEOUS Bid Par Air-Way Electric Appliance 50 Albany Packing. 100 57 2* i§* 100 '6 5* common 12 8 8% preferred-.100 Algoma Steel com.* 9* 85 Allen Industries : Alt en town Portland ;* Alliance Realty..-.5 Preferred 100 Brewing Distilling Co & * Optical Preferred 119 23 27* 28 * 100 American Piano— Class A * Class B .5 5 5 8 10 12* 2* 15 13 Common......10 7 Allied Stores Corp.* 10 49* 5% preferred—100 A Ilia-Chalmers Mfg 7% 7 49* cum 4*% Am Safety Razor 17 43 ?* _ Amer 47* Aly< 18 12* 12 Altorfer Bros— Conv preferred..* 30 75 Aluminum Co com.* 6% preferred..100 Alum Goods Mfg..* Aluminum Indus..* 0% 90 IVk 51 Snuff..25 non-cum 133* 31* pflOO Am Steel F'dries 65 6% preferred. .100 American 77 105 * 35 Seal-Kap 2 Amer Seating.. * Amer Ship Build..* Am Smelt & Refg—* 7% preferred. .100 * 9 American Stores...* American Stove * Amer Sugar Ref.100 17 26 97* 7% preferred-.100 110 2* 15* Am Sumatra Tob__* Amer Thermos A Preferred 50 20 16* Nov 15 6 70^ 1 2 6% cony pref— 50 Amalg Sugar 1 5% preferred 10 Amerada Corp * Amer Agric Chem— (Delaware) Amer Air Lines...10 19 * 24 Am Bakeries pref 100 Class A * 89 93 27 19 7% preferred. .100 24 Araal Leather American Arch ... Class B___...._* 21 2 6* 56 * 57 8* 15* 10 49 100 Preferred Am Beverage Corp. 1 11 y 6* 70 1 2* 7% preferred— American Book. .100 46 Amer Box Board..1 7 A.Brake Sh & Fdy— Common.. * 5*% conv pf.100 American Can 25 7% preferred-. 100 Amer 7 % preferred Amer Carmel . . * * 100 100 Preferred 100 Amer Centrifugal. Am Chain & Cable 5% preferred.. 100 Amer 50* 8* 85 1* 2* 48 7* 41* 115* 69 * 164 * 43 123* 70* 167 Canadian Properties Am Car & Fdy • 58* 9* 27 13 10 6% preferred 50 Am Bern berg com ' Am Bank Note 2* 6* 57* Chicle 1 2 110 5% preferred.. 100 55 65 10* 13 * 11* 6* Commercial 6% 1st pref...100 Class B 5 % preferred 80 27 ... 22 * 23 10 10* 3* 10* 4* Tiling Co 1 Amer Equities Co. 1 Amer Express.-.100 . t2% 176* Fabrics, pref 100 Amer Felt common * Preferred 100 Amer Forging and Socket com.....* Amer Fork & Hoe. * Preferred 100 . Am Fruit Growers Preferred 10 preferred..100 Amer Hard Rubb.50 3* 3* 300 13 15 65 75 7 8 l\X 95 1* 50 Am Furniture.—.1 Am Hair & Felt * 1st preferred.. 100 2d 14 87 Dec. 22 20 Amer Distilling pf 10 Amer Encaustic Am ~6" 9 12 100 2 13 2 4 75* £X 77 50 54 10* 13 Preferred 72 100 Am Woolen Co Writing Pap_* 43 » pref—* 15* 103* Anchor P & Fence.* Andlan Nat Corp * 47* conv 2 Angostura-W uppermann Corp 218 5* 25* 5%preferred___30 Equipt Corp.. 1 7 5 Aro ,1 1* Amer Ice Co.. * 6% non-cum pflOO 24 34* 12 VA 15* e* 4 12 "6* 1 6% 1st pref— .100 7% 2d pref—.100 67 Bastian-Blessing ..* 10 Dec"*! 22 * preferred— 1 Brager Eisenberg Breeze Corp 1 Brewster Aeronaut'i 1 3* Bridgeport Brass..* Bridgeport Mach..* Preferred 100 Briggs Mfg * n/a Briggs & Stratton..* Class Brill B * 3* 1* Corp class A..* * 7 % preferred- .100 Brillo Mfg Class A 20 * 7* 28* * 50 25 25 5 Brinks, Inc Bristol Brass Bristol-Myers 30* 28* Brit-Amer Oil Ltd— Coupon * 20 Registered 11* * 20 Brit-Amer Tob reg£l 7 1 6 6* * 9* 4* 9* 26* 26* British Celanese Ltd Amer dep rets. 10s Brockway Motor— (Lud) * 7% preferred..100 Bay State Fishing.* Preferred 20 Bayuk Cigars * 7% 1st pref...100 Beatrice conv Ordinary bearer £1 Truck common. 80" Preferred 100 Brown 112 15 Class A pref— Rubber.. 1 AX 50 Brown Brown Shoe * 10 25 6 Bruce (E L) Co Bruck Silk Mills 5 5 14 pref.20 24 96 8 10 15 1 15 3* Bellanca Oollender 97 7* 9* _ 3* 5* 3* * Brunswick-Balke- 2 1* Belding Hem'way. * Belden Mfg com.. 10 2* 1 common «*' Aircraft 1 Beech-Nut Pack. .20 1* * Brown Fence & Wire 94 Beech 22 Forman Distillery 15* 3* 2* w w_* 3* Brown Co 6% pf.100 Brown Durrell * 11% 10 109* 1* * . 20 19 Bearings Co (Am).* $1* 12 17" Cream. .25 $5 preferred 50 $5 preferred * Buckeye Pipe L..50 Buckeye Steel Cast * Bucyrus-Erie Co. .5 7% cum pref.. 100 Bucvrus-Monighan Class A common 37* 13* 7?? . 49 51 Buda Co 50 52* 3* Budd (E G) Mfg..* 2* 10* 100 com 7% preferred-.100 11 Budd Wheel Loan common * 16* 17 Bullard Co * Preferred * 52 52* Bulova Watch * 11 12 6 Bunte Bros com.. 10 Benson & Conv 4* Hedges..* pref * k <. % 3* * 25 30 31 2 4 21 25 Beth Steel (Del) * 5% preferred—.20 58* 14* 93 95 1* 50 Inc * * 30 * Nov 12 ~4* 4* . Burroughs Adding Machine A Last sale, n Td * 7% pref ctfs.. 100 10 Butler Bros 5% conv pref. .30 Butterick Publis...* Preferred 32 3* 6 il* 50 Byers (AM) com...* 7% part pref. .100 Byers Machine.. * Byllesby class A * 21 Class B.... Preferred.. ..* 100 £..* 13* 10 it* 41 * Nominal, com 7% debenture. 100 Bush Term Bldgs Birdsboro Steel Preferred 1 Burry Biscuit. 12 *c Bush Term Co 60 5* Birtman Elec Co.-5 * 2 2* Fdy & Mach com * 1 Am dep receipts. Burns Bros com—* 10 Billings & Spen 25 Bing & Bing—...5 Binks Mfg 1 1 Burma Corp Ltd— 15 7 % preferred- .100 Burd Piston Ring Burdines Inc— Preferred 30 .* Beth Fdy & Mach.* Preferred 50 B/G Foods Inc * 7% preferred-.100 * Warrants Berkey & Gay Fur¬ 2* 100 Conv preferred..* 7 * * . Burco Inc com Dec 6 18 6* Berghoff Brewing.. 1 Preferred * 7 % preferred- Industrial $3 Preferred 4* 17* 20 A .65 100 Mfg Rayon.* Athey Truss Wheel 4 Atl Coast Fisheries.* t Merged with International Util. Corp || 33 Hotels—• Bath Iron Wks Bathurst Power Bates Preferred.. Associated , 16 1st preferred-.100 2d 10 Bickfords 80* 3* 30 Brach (E J) & Sons * 25 8 Black& Decker Mfg * Blauner's com * Without par value, 8* 22 Bessemer Limestone 6 Cement com..* 7% preferred..... common 1S8 1 Best & Co Assoc Dry G'ds V t c iIB 85 Assoc El Indus Ltd Am dep rets ord 21 30 18 Ashland Oil & Ref.l Aswc Brew (Can).* £1. 2* 8* S* 21 77 iS* JX ix Biltmore Class B 7% preferred-.100 1 Assoc Laundries...* 10 Common.. Stainless 85 Corp * Mfg com.l 11* 3* .5 Preferred •ignt Star Elec— 1* 9 Art Metal Constr.10 5 10* 3* Mills A 15 7 3* Art Metal Works 20"~ 30 common. .1 Purchase warrants Borland Shoe St * 40 19 3* 6* 1* Bartgis Bros com._l 6% conv pref. .25 * * Brewers & Distillers5 7* 1 110 Bourjois, Inc * $2.75 cum pref..* Bower Roll B'r'g—5 18* niture Hegeman 25 Artloom Corp • 7% preferred.. 100 82 14* 14* * 19 23 Botany Worsted Bondholders 1* 1* 7* 20 1 18* 21 ......50 A Beneficial Loan Soc * 6* 3 Preferred Class Bowman 4 100 Bankers Industrial— Service clA * Barber Co Inc 10 Barber (W H) Co.. 1 Beneficial Works 17 Botany Consol Mills 101" 3* 6H Preferred 97 Common 12* 22* 9* Boston Woven Hose 6 Rubber com..* Preferred 100 Bowm Bilt *25 Preferred 50 Bender Body com. .5 Bendlx Aviation 5 IX 39 15 Boston Herald- 10 1* 1* 7* 28* 12* 1 Bancroft (J) & Sons* 33* Arnold. Constable.5 registered 10 8 New warrants Baldwin Rubber 60 Armstrong Rubb A* Asbestos 84" 7* Aircraft. .1 Belmont Radio.. * Belt RR & Stk Yds Common 50 5 $0 conv pr pref..* 7% preferred..100 Armstrong Cork—* Arundel ..* Borg-Warner Corp .5 Borne Scrymser—25 ll* 80 7% pref......100 7% pref new 30 Bond rights 102 guar pref.. 100 Armour & Co (111)— Aircraft Arrow Hart— B Common 21* 82 Com assented.. V t c for com 13 Bell Aircraft 5* 7% Arrow 8* 3* 9 1st preferred. .100 2d preferred..100 8 Argo Oil 10 Armour & Co of Del Print 20 7 3* 7* 19* 2* 13* Beaunit Mills Inc. 10 9 10 8% preferred.. 100 33 9 18 99 Basic Dolomite 14 22* Traveler Corp—* Preferred 100 Baldw Loco Wks..* 3* A P W Paper Archer-Dan-Midl'd 7% preferred-.100 Arnold 3* 39 10* Common 1* 7* 2* Warrants 4* Apponaug Co . Common 1* 7* Balaban & Katz—25 Bros 31* 2* 15* Bond Stores com__l 4 Baumann Anaconda Wire & Cable com Anchor Cap $0* 5 42 10 com 16* 15* 5* Bohn Alum & Br. .5 Bon Ami com A * & Paper A 4* * 7% preferred—100 Wringer * . Amer Amer 18 Borden Co Preferred 100 Babcock & Wilcox.* Backstay Welt ..* Baker Chemical * Barium 10 8 6% conv pf new 25 4 Warrants Axton-Fish Tob A 10 23 7 3 11* 6* 7% preferred-.1^0 Boeing Airplane.. 5 Bohack (H C) com.* 1st preferred..100 Bohack Realty pflOO 6* 3* 36 Automatic Prod 5 Automat Vot Mach * Automatic Washer— Conv pref * Bardstown Distill 11 5% conv pf new 25 Bliss & Laughlin 5 MX 5 Class B * Blumenthal (S) com* 105 3* 2* Barnsdall Oil 5 Barnsdall Refining. 1 Amer Hardware. .25 Am-Hawaiian SS.10 Am Hide & Leath—* 6% preferred 50 Amer Home Prod—1 Amer Hosiery 25 ment common Co 17 prior A..* Autocar com 10 6% preferred. .100 Automatic Instru¬ cum Steel Arcturus Rad Tube * 25 $5 Ask W) Co 11 5 Auburn Automob—* Austin Nich & Co„ * Barker 5* 20* 104* 1 * 42 100* * '"* Apex Elec Mfg Applied Arts Appollo Steel 95 Tack Bliss (E New common—1 40 ___* Preferred 1 Amer Wind Glass— Class A 100 Common... Bid Bloomingdaie Bros. * pref. .100 Am Vitrified Prod.* 10* 1 * 15 Atlas 64 Am Type Found. .10 8* 14* 150 Powder conv 139 Anheuser Busch.100 Antilla Sugar 100 100 Am Cyanamid A. 10 k 63 5* 10* 13* 5*% pref 50 Barlow & Seelig cl A5 48 95 92 Atlas 5* 5* 43 Preferred 100 Amer Coal (N J)..25 Amer Colortype__lft Alcohol com 20 Am Crystal Sugar 10 3* Transformer. 10 24* 140 Amer Am 23 * Amer Cigarette & Cigar Co.. 57 Amer Thread pref. 5 Am Tobacco com.25 Common B 25 6 %prefeired._ 100 Par Per share . Avery(B F) & Sons 5 6% pref w w 25 JX Common 18.50 American Screw .100 American Sealcone. i Class A com 25 Aviation Corp (Del) 3 17 566 > pf 100 conv 104 Automobile Banking $1.50 conv pref 25 165 pref100 Am Republics com 10 Amer Rolling Mill 25 Stocks Blaw-Knox 5* 9* 19* * pflOO Atlantic Refining.25 4% conv pref. 100 Atlas Brewing 1 Atlas Pipeline. * Atlas Plywood * Conv preferred .20 12* Stand Sanitary...* Ask Bid non-cum 27 Am Potash & Chem * 9 9 5% % IBM Amer Pneu Serv—-* 164 11} 1} Allied Paper Mills Allied Prod cl A..25 Aluminum Ltd Amer Metal Co Amer Radiator & Allied Laboratories * * * 35c 161* Allied Mills Inc Common it* 32* 7% 1st pref 50 0% preferred ..50 * 15c Allied Kid Co com.5 Alloy Cast Steel...* Alpha Portl Cem * 2* 1* 13* & 1 Dye * 8* 9* 2* 10 ar Atl Gulf & Wind 88 Lines 5% Am Maize Prod * Amer Maracaibo.. 1 Amer 14 *7 Allied 19* 66* Locomotive.* 7 % preferred- . 100 19 Preferred..* Chem 3* 1* 6% conv pref.. 100 American Meter * American News Co * 6 Corp common 6* Amer Mach & Fdy.* Am Mach & Met * 17 12 .* Allied 29 ZZZ Amer 60 * Allendale Corp Cement pref Alles & Fisher " 18 16* Allegheny Steel $3.50 1 * Amer-La France & Foamite Corp..10 Warrants 58 .100 Preferred Preferred Am Laund Mach_20 Alexander Dept Sts. Alexander Hamilton Inst 8 6* AlbertarPacific Grain class A.. Preferred 50 Am Internat Corp.* 35 65 30 Preferred 100 AJberene Stone of Va Vot trust ctfs 5 Stocks Per share 82 Amer I G Chem A.* Amer Insulator * 1 49 * Ask share Per share Air Reduc'n com..* 85 STOCKS possible for the closing day of the month preceding the date of issue r Canadian price, x Ex-dividend. (New stock; 86 INDUSTRIAL Quotations for all securities are Stocks Par Stocks Ask Bid MISCELLANEOUS & as near as Bid Par Per share Byron Jackson— Gable El Pr v t c— * Calamba Sugar Estates com—20 Clark Controller. Clark X 17 18 54 22 5% preferred—.50 47% 52 51 52 X 50 Cambria Iron Wyant & Cannon Fdry—* Canada Bread * Preferred 100 Class B pref 50 Canada Cement-100 Preferred 100 Can Dry Ging Ale.5 19 Fdy s. 100 Preferred..—100 Canada Packers.. Canada SS 11 90" 3X 93 % A Bronze..* -100 Canadian Preferred 25 Celanese—* Preferred Preferred 97 101 Common * Cliffs Corp v t c * Climax Molyb¬ denum Co * Olinchfield Coal. 100 13% 16 10 68 68 . 3 9 Utensil com .* Cluett Peabody * 7 % preferred. 100 Coca-Cola Bottling 24 38 . of New York 10 954 \V 10% 106 100 % K Preferred 100 CaK Indus Alcohol.* s 8 Can Locomotive—* Construction preferred..* Capital City Prod.* Carborundum Co..* Carey (Philip) * 6 % preferred. .100 5% preferred. .100 Carib Syndicate..25 Carman & Co A—* 9 Conv 10 x 95 9 87 65 1% 1 20 15 Co Steel...5 Corp * Carriers & General .1 21 18 19 14 % 28 354 100 0% %_ preferred. . 100 IV' 98% Case Lockwood & Co—100 Castle (AM) Co..10 230 15 21 1 2% Caterpillar Tract-.* 6% preferred .100 * 7% prior pref. 100 1st partic pref. 100 47 99 % 69 Celotex Co com—* 20 X Catalin Corp Celanese Corp— . . AP 48)4 100 14% 14 y8 92 5% cum pref..100 Corp—16 1st preferred....* $7 preferred ..* Central Aguirre 26 Celluloid Associates Central Central 4 5% preferred-.100 Preferred 10 Cen Violetta Sug_19 Centrifugal Pipe—* Century Rib Mills.* 7% preferred-.100 Certain-teed Prods 6% prior pref. 100 Chain Belt * com Champion Paper 5 & 12X 10% 5% 2P IV 3% 3% 26 12% 0% 6 30 103% §6" 32 123 10 X 100 18% Preferred Chic Elec Mfg 101X 15% 102 34 W* 39% 38 98 12 8% 98% $5 cum dlv pref.* Oonsol Retail Sts..l 3 8% preferred-.100 Oonsol Royal Oil .10 70 1% 3% Consolidated Steel * Oonsol Textile * Consolidation Coal— Common v t C--25 Warrants 3% 15* 12$ Container Corp 20 Continental Baking Class A Class B * 1% 38 10 $4,60 preferred..* 104 25% 29 34% 09 . _ 9 01% Conv preferred._ Chic Yellow Cab..* Chickasha Cot 0.10 Childs Co com * 90 Preferred Chilton Co 29 X 32 3% 47% 13% 47% 100 10 Chrysler Corp 5 Cin Un Stk Yds...* City Auto Stamp. _* City Ice & Fuel * 0%% cum pf.. 100 City Investing. .100 City & Sub Homes 10 City Stores 5 it* 51 99 X 10 X 9% 12 X 13 3% 4 4)4 14 4X 4% 11% 12 58 05 X 56 75 3% 3% 2% / Spring 1 com Oont'l Roll & Steel Preferred 100 Cont Screw com.. 10 Preferred Cont Steel Corp HP 26 ? 28 109 it* ¥ 4% 3X 3% 3p 31* 33 32 IK 10% 17 oF 66 34% 83X 9% 3* 4 87 9% ~8~~ 72 P 4X 4% 89% 1% 5 12 Ay* 50 IF 4« 13 3 4 Class A 10 2 7% 1% 28% % 90% 15c 107 % Drug... * 100 4 Preferred Dresser (S R) Mfg part conv n-c A.* Class B l8% 16* * Preferred 103 100 * Dubilier Condenser * Dun (R G)— 0% 1% Bradstreet Corp.* * $6 preferred Dundee Textile 20 15 95 IK 8 14 "% * 32 Dec. 6 5 lnternafl-1 Duplan Silk * 8% cum pref.. 100 DuPont .(E I) deN 13 112 115 111% 112 131 common..20 6% n-vdeb 100 $4.50 cum pref..* 134% 113% 13% 110 Duquesne Brewing. 5 Durham Hosiery— 12 * com 30 Dwight Mfg 15 Eagle (C K) pref 100 Eagle Lock 25 10 12 13" 15 10 Eason 48% 22% 22% 60 7% 0% 13% fS ilH 25 7 13% 12% 8% 1% 8 20 3% 1% 11 14 35c 70c 1% 1% 7 8 4 5 Preferred * Eastern Roll Mill..5 19 _ Common • Class 20 1 160 154 B * Eaton Mfg Co 4 Economy Groc Sts * Eddy Paper 19 22 llP 23 5% preferred 50 Educational Pictures Gilbert Corp.—10 11% 13% Common 1 Warrants Eisler Elec Corp 1 Eisemann Magneto * 4 3% % 18 12% 11% 1% 73 38% 107 2% 8 7% pf—100 Dejay Stores 1 Del Rayon A com. 15 Preferred 100 Delta Electric-.2.50 De Mets Inc pref--* Dennison Mfg— Class A In 7% preferred. .100 8% preferred—100 Dentists' (The) Supply com 10 Derby O & Ref com * $4 Preferred * Detroit Compensat'g Axle Corp com-.l Det Gasket & Mfg— 1 6% preferred 20 Detroit Gray Iron & 60 70 55 57 Detroit Steel Prod.* Detroit Sulphite. .10 Foundry com 18 100 Converse Rubber..* Preferred 33 1354 97% Special preferred * Cook P't & Vurn__* $4 preferred * 4% Class A (non-vot) * Common B * 2d preferred 100 ~9~~ 10 50 55 HP 50 3% 75 6 7 9 10 90 95 6 7 A* 2% 40 110 50 3 Devonian Oil .10 Dexter Co com....5 Diamond Match * 25 Edison Bros Stores Common 2 120" 52 3% 60 100 8* Eitingon Schild 20 * 3% Electrical Steam Sterilizer 1 X 15 X Preferred Electric Auto-Lite. 5 Boat 3 Electric Elec Ferries com * 6% preferred..100 8% preferred. .100 Electric Household Util Corp 5 8% % 33 33 Mi 2% 3% 3% Elec & Musical Indus Am shs 8 13% IK 2 8% 2% 15% 5% 9 14 1% 2% 9% ¥ 0% Detrola Radio & Television 1 Devoe & Raynolds— 3 r Canadian price. 24 r com Electric Products..* Elec Shovel Coal... * Partic pref * Elec Stor Battery..* Elec Vacuum Cleai" Electrol Inc v t c Common 28 32 Ely Walker IPG. .25 31 33 1st preferred.. 100 2d preferred-.100 Emerson Drug..2X 20% 30% 19% 5% 21% 31% * New stock; old split 3 for 1. x Ex-dividend. 10 25 4mtmm 1% X 8 25)4 2134 154 Class 16 14% Watch/..15 Elk Horn Coal A'orp* 6 % non-cun~pref50 1834 4% - 34 634 11 Electrolux Col,. Elgin N 113 • Electrographic B 2)4 Emerson Electric. 10 Empire Sheet & Tinplate » Associates Nominal, 3 | 0% 15X 1 * 6% preferred,.100 Easy Washing Mach v 254 $2 conv pref * Eastern Sugar Assoc Preferred Eastman Kodak ?21 5% .5 Steamship.* 14% 22 23 * Without par value. * % X 2 .... 121X 95 20 X 20 X 4 4X Employers' Group n 1.35 1.25 r East Mall'ble Iron25 Eastern Mfg com..* 21% 22% 6 Ref 6% part pref k Last sale, 654 8% 1 1 $1.50 conv pref.20 Boston Co.. 10 East Dairies Ltd * Eastern Footwear 1 Eastern 23 Oil 33 * 654 7% East 23% 1% 7% 134 X 6% preferred.. 100 Duro-Test Corp 1 Duval Texas Sulph.* 5% 39% 4 1% 2% 2% 10 & Co Class B 25 100 ... Deere & Co com.. 7 % preferred 20 Deisel-W emmer 1 Detroit Mich Stove 1 Detroit Harvester. 1 Detroit Paper Prod 1 - lo% % 38 15 i 9 16 Preferred ow w 105% 3% 82% A% 1254 90% 2% 0% * 5% pref Decker (A) & Cohn 10 Preferred 100 Deep Rock Oil 15 1% 29% % 0% 0 n * 35 r Doubleday Doran.* Douglas Aircraft..* Douglas Shoe pf.100 5% 38% 3% 15% Dayton Rubber Mfg Common... 18% 18% 98% Dunhill 10% 3% 20 5% conv pref..25 Davenport Hos'y..* 12 23 Dry den Paper 12 30 Davison Chemical. 1 Warrants Preferred 100 Dominion Steel & Coal B__ 25 Dominion Stores..* 90 1 15 * 12 1734 Dri Steam Valve..5 Driver Harris Co 100 20 $2 partic pref 10 21 * 34% Dardelet Thr'dlock * Davega Sts Corp. .5 1 » com. Dow Chem com...* Rights 34 Dailey Corp 1 Darby Petroleum. .5 Darco Corp pref Common * Cont Diam'd Fibre.5 Continental Mot-.l Oont'l Oil (Del)...5 Cont'l Oil (Mex) 1 * 44 6)4% pref....100 25 Darling Stores Corp Continental Cushion 33 X u Chicago Nipple Chic Pneu Tool $3 conv pref * $2.50 prior pref._ Chic Rivet & Mach 4 Chic Towel com * 2054 3% 1% 8 % preferred. 100 Continental Can. 20 10% 1 Cutler Hammer 6 % Consumers Co of 111 V t c A partic. .50 V t c B partic * V t c partic pref 50 101 11M 18 83 5% prefvtc--100 101 15 4X * Cons Mach Tool uts. Consolidated Oil... * 8 Wright Corpl 7% cum pref. .100 $8 cum pref * 67 5% 12 13 50 HP 70 ~i% preferred * 15 32 Domestic Finance— Cum preference.* Dominion Bdge.100 r Dominican Coal pf 25 r 24 Oushman's Sons— } t c ext. f.1 Cons Film Indus. .1 7% * * Class A $2 cum part pf..* Cons Laundries 5 Cherry-Bur Corp. .5 Chesebr'gh Mfg. .25 Chic Daily News..* 100 5 Ourtiss 6 7 Lighting $7 preferred 0%% prior pf.100 7% preferred.100 104% 1 Curtis Publish OX 6% 24)4 100 Diatil 8% preferred 10 Cunningham Drug Stores com 2% Curtis 4 7% Stk Yds pf Chic Mail Order v * 67 20% 2% Dominion Glass. 100 r 20% Ouneo Press » 6 X % prefeaTed 100 k 100 4 6% 0% A. Chicago Flex Shaft 5 Chic June Rys & Un it* 5% 3% 95 10 Tobacco Preferred - ~8 ~6 10 Common Cummins Cons Cigar Corp..* 110 * 17 Consol Biscuit1 Consol Oar Heat. 100 Preferred 100 Charis Corp 10 Checker Cab Mfjg.5 ..... Compo Shoe— 8% 28 Fibre 6% pref 100 Chapman Valve.. Sug 7% preferred--100 Cuban Atl Sugar— 10% 93 % 10 9 13 Doehler Die Cast..* Dold (Jacob) Pkg— 0 Cuba Co * Cuban Am Mangan 2 Cuban-Am Oonsol Aircraft .1 $3 conv pref * Consol Baking....* Chamberlin Metal Weather Strip Preferred Compressed Indus 5V OX * 100 7% preferred.. 100 Crystal Oil Ref * Comm'l Solvents..* Oom'wealth Dist-.l 14 45 1 pref conv Crucible Steel $2 preferred * Commercial Credit Common.. 10 4% % conv pref 100 Comm'l Invest Tr_* $4.25 conv pref..* 28 3 Paper $5 Congoleum-Nairn. * Congress Cigar * 13% w__* Preferred. 50 Crown Zellerbach_-5 Gases new 5 Conde Nast Pub..* 1% w Preferred x-w„__* Crown Drug corn- pref-.* 23% 20 Cent Ohio St Prod.l $2.25 pref Golum Carbon v t c * Columbus Auto— Parts com * 73 Cent Foundry com.l Central conv 22 % * Petroleum (Md)_5 Crown Cork Int A_* Crown C'k & Seal.* 2% 69 Airport—* Cold Storage Common. Crowley Milner 5% Preferred .100 Cudahy Pack 50 Mach HP * - Cuban $2.75 63 ,56 * 20% Crosley Radio Orowell Publish'g_ . * Preferred 100 20% S* 3)4 110 Class A * Dixon (J) Cruc--100 Dr Pepper Co Dodge Mfg 25% Columbia Pic com.* Vot tr ctfs com..* 4 IF s* Columbia O & G—.l 29% Carter (J W) Co—1 Casco Products * Brainard 58)4 100 Class B 100 Crocker-Wheeler -.* Croft Brewing 1 Dictograph Prod--2 Discount Corp (NY) Distillers Co Ltd.ll Dobeckum Co 1% or Prior Preferred. 50 Crown Central Preferred * Columbia B'casting Sys Inc class A 2 % 3X 3% Carpenter 7 114 Col Fuel & Iron • Warrants Colt's Patent Fire Arms Mfg 25 Columbia Baking..* 9X 83 854 77 60 Dec. 5% conv pf Ordinary shares. 6% cohv pref IX X 3% 24 Wheat Stocks trust ctfe.* Creole Petrol 5 39 Divco-Twin Truck. 1 Dixie-Vortex Co— Common » iP 23% Creamery Packai 0 117 ¥ 25 Cream 2 Dictaphone Corp..* Preferred. 100 Seagrams Ltd 5% pref w W-.100 Distillers Liquors. .5 com Crane Co Colonial Beacon Oil * Colon Development Canal 11% 10% 95% Distillers Gorp- $1.50 conv cl A 20 Cramp (W) & SnslOO Am dep rets ord£l k * 59% Covered Wagon Co Collyer Insulated Wire common 4% 4 103 3% 52 6% preferredlOO 3% 3H * C|ass B ,1K 32 5% preferred.. 100 105 2 65 * - Shoe Diamond T Motor 1% Oourtaulds Ltd— 56 Collins Co 58% Petroleum _1 3Z% 1% 13% 111% Bid 0%% pf (w w) 100 22 • 164 Ooty Inc. Collins & Aikman..* 19 pref. A Diamond 4% 5% conv pref. .50 Warrants * 4% 14% 19 Par Per share 7 112 100 100 Refg._25 $6 conv Peet common 35 Preferred Cosden * 100 1% 7 % preferred-. 100 Oorroon & Rey'ds Coca-Cola Co * Class A * Coca-Cola Intern..* Coleman Lamp & Stove common..* 20 Stocks Dec. 3 19 Elec Corp com Corning Glass Wk 10 20% Club Aluminum HP 64 - 33)4 la vest Corp.—. Case (J I) Co Oct 28 Colgate-Palmolive- Can Fair bank pf.100 Canadian Foreign- Carrier 4 19% . Clover Val'y Lumber Preferred A 100 75 60 18 35 105 1 Canadian Dredge Dock— Class B Carnation 1% Preferred 100 Clorex Chemical. * 33 Canadian Colonial Air-ways 95 1 Cleve Worsted Mills Canadian Car & Fy * Can ad 17% 90 Ask 0% 19)4 Oooper Bessemer-.1 $3 prior oref.. Oopperweld 8teel-10 Cord Corp. 5 Cornell-Dubilier 4 Cleve Tractor » Clev Un Stk Yds.. * 2% B Class 17 17 Corn Prod 10% 13 X Bid Par Per share 4 com 48 100 Prpforred Mach 44 10 Lines Can Wire & Cab Stocks Cleveland Hobbing 10% Canada Forgings— Class A * Class B. Can Iron 10% 3% * Clayton & Lambert * k Cleveland Graphite Bronze com 1 Campbell ..... 1 .. (D L) Co Clark Equip Co * Preferred 100 Claude Neon Lt-.-l ~ Calif Pack Corp.. Ask Per share 16 152* % STOCKS possible for the closing day of the month preceding the date of issue 15% 2% 20 Jan., 1938] INDUSTRIAL Quotations for all securities Stocks Bid Par Ask & are as near as Stocks Par 6 Endicott-Johnson. 50 5% preferred, .100 Equit Office Bldg._* 104 2% IK - 27 Eureka Pipe Line.50 Eureka Vac Clean.5 Evans Products —5 31 3% 3% 7% 9K IK 3K Ex-Cell-0 A & T 3 Exch Buffet Corp..* Fair (The) Chicago * Fairbanks Morse.-* 27% 6% preferred—100 95 3K Common Preferred 75c 7 21 5 3 13 30 4% % preferredlOO 3% 16 5th Ave Coach 12 6 17 18 K 30 7 9 80 95 7% 1st pref...100 (M H) * $5 preferred .-.100 $7 preferred 100 Fisk Rubber Corp.l $6 preferred—100 FitzSimons &Connell 90 103 Fishman D & D 8 24 27 15% 17 7 16 18 2% 7% Mach com... 29% 95 5% Class B * 5% 15% 16% 2 $7 conv Foreign shs A * Francisco Sugar 21 «§* 28 * Franklin Process 14 18 * 4 i* 24 3K 25 26% 22 23 106 110 Franklin Rayon 1 Franklin Ry Sup..* Free port Sulphur .10 6% conv pref_100 Froedtert Grain & Malt common 1 4% 7% 14% 9% 14 % 8K Brewing com 1 Fuller (G A) Co— Partic prior pref.* 30c * Fuller Mfg com ..1 Gabriel Co cl A—* Co. 7 * 13% » 82 a* Gannett Co Inc— 85 $6 conv pref * Gardner-Denver—* $3 conv pref.-.20 Garlock Pack * Gar Wood Indust—3 Class 12 55 42 44 5,„ 12% 50 it* 40 Garylod Container Preferred Gen Accept'ce 90 10% 46 : 44 Corp A UK 5 if* Conv preferred_20 Gen Alloys Co * 20 IK 2 Preferred ..10 Gen'l Amer Oil of Texas common 5 4 5% Transportation. .5 Baking.. .5 $8 1st pref * General Box Corp.l General Bronze 5 General Cable—--* Class A— * 7 % preferred- 100 60 4 5 6% 6% 46 51 13% 5% 14% 5% 20% SIM 9 8 82* 78 2% 2% * 27% 28% 12 13 * 93 Nov 18 3 2% 20 25 1 5 6% 49% 73% il* 76 r 72% 75 r 53 56 A Grand Rapids Brass 1 Preferred 5 Grand Raps Vara.* Grand Union ctfs-.l pf__* Granite City St'l..* Grant (W T) com. 10 5% preferred 20 Graton & Knight- _* Preferred 100 Station com 10 Gt Atl & Pac Tea Non vot com * Preferred 100 Great Lakes Dredge & Dock com..-.* Great Lakes SS * Great Nor Pap 25 Great West Sugar—* 7% preferred-.100 GreenTld T'p & Die* $6 preferred-.100 $1.50 preferred..* Green (H L) Co 1 Greyhound Corp. .5 Common 42 71 7% 121% 115 1.20 3K 1.35 . 3% 10% 20% 22 63 75 * * x Without par value. Ex-dividend. (W E) com.2 Preferred w w__25 Preferred xw.,.25 Helme G W) 25 7% non-cumpflOO Helvetia Oil 1 Hendey Mach "B * Hendrick Ranch Royalties 1 Hercules Motors * Hercules Powder._* 6% preferred.-100 Herr-Hall-Marv 100 Hershey Creamery Preferred 100 Hershey Chocolate. * $4 conv pref Hewitt Rubber * 5 Heyden Chemical 10 Heywood-Wakefield Common 55 58 1% 1% 2% 1% 1% 2* 2 I* preferred..5 m i\H it* 13% 24% 19% 3% 25 20 38 42 AH 48 120% 12% !l* 28 30 31 32 ii* 5i* 27 125 si* 10 14 16 16% * * Preferred * Holly Sug Co. * 7% preferred_ -100 Holt (H) & Co A, * Hooker Electro 100 Preferred 100 Horder's Inc com..* Hormel & Co com..* Horn (A C) com 1 Prior preferred._5 Horn com. Hard't(NY).* 5% preferred-.100 Houdaille-Hershey 9% 8% 3% 5% 8 4 8% 1% • 9% 1% • 18 25 %6 38% 1 Int Cigar Mach 69% 22 9 2% 133% 18 13 14 129 62 Class B C 11 • IK New common..15 New 5% pref.. 100 1 14 50% 82% 6% 33% 85 7 37 15 r 16 * 20 , 91 18% 100 12 14% 28 33 20 20% 1011, 5% 80 •77 75 74 15% 16% 5% 16" 3% 4% 23% 6 „ 96 9 Vot tr ctfs Howe Scale 25 * com 1st preferred. 100 Hubbell (Harvey).5 _ Hudson Mot Car..* Humble Oil & Ref..* 6% preferred 20 Hupp Motor new. 1 Hussmann-Ligonier * Huylers Inc— _ Common 117 13 8% 5% 12% 5 3% 10% 120 14% 9% 6% 13% 5% 16' 17 1% 19% 23. O 5 15% 49 * * 76% 123 7% preferred--100 Class A 2% 3% 5% UP ill* * Johnson Oil Ref 8% 47% 78% 49% 8% 9% 85 2 3 * 3% 5 Johnson Tin Foil 6 Metal 100 Jonas & Naumb'g2% 6% 6% 18. 2% 29 7% preferred.. 100 Joslyn Mfg & Supp.5 Julian & Kokenge. _* 36 23 43. 9% 6% 1Ik 66% 65 5% 1% 5% 9 1% 1% 12 16 % 6% 6% 12 % 38% 8 Kalamazoo Stove & Furnace com 10 K C Stk Yds Me. 100 Preferred 100 Katz Drug com 1 Kaufman Dept St's Common 12.50 Kaynee 10 Preferred.. 100 Kayser (Jul* & Co_5 Keith-A1 bee-Orph— 7% conv pre1' 100 Keith (Geo C) Co— 7 % preferred- 100 Keller Dorian Color . Film "2% 31* 69 if * 16 ' 18 59 63 81 86 3% 4 15% 17 3 4 75 85 13 13% 74% 87 : 22 35 20 Kelly Springf'ld Tire 6 Alabaster Ltd.* 5 6 Common 5 1 Kellogg Co ._* 26 1% 27 11 30 40 7 t Quotation for last month should have read 9% bid, 11 asked, k Last sale. - n Nominal, r Canadian price. . 60 Jones & Laughlin Steel common. 100 22 20 1 7% pref unstpdlOO 7% pref stmpd 100 26 9 Johnson Educat Bisc 25 Fibre Common 6 Hunter Steel com..* 9% 75 3% 25% , $1.50 conV pref.20 Houston Oil (Tex)— IP 20 70% 10 25 Johns-Manville 32 % Jeannette Glass * Jefferson Electric..* Jefferson Lake Oil% 24 21% 17 3 ..1 Tea f si* 70 14 Interstate Hos'y * Intertype Corp * 8% 1st pref 100 Iron Fireman vtc..* Irving Air Chute 1 Irving (John) Shoe.l Preferred w w_ _25 Jacobs (F L) Co...1 Jarvis (W B) Co.—1 Preferred Jenkins Bros 1% 5% 3% 7 % preferred. .100 Interstate Home- Jewel 3 16 Bakeries* Equipment 4% 65' 6%% preferred..* Interstate Dept St's* 15 8% 1% 8% 5 % 20% 31% 7% preferred-.100 Interstate 5 44% 132 * Int Text Book * Int Vitamin Corp..* ,38 P 65 100 1 Int Safety Razor B_* Internat Salt * Internat Shoe * Internat Silver. .100 18 7% % 8% 17% * * Internat Pulp Preferred Internat Radio 27 15 Petrol Internat Prod 45 25% 7% preferred. .100 Int 4 7% 31% 2% 37% 28% 2% 2% Warrants 92 41 19 143 Oct. 44% 124% 3% 2% * 140 63 142% 3% » Class 53% 10 SB 21* 22 18% * 7% preferred._ 100 Int Mercan Mar * Internat'l Metal 52 125 22 138 70 24 19 7% cum pref. .100 Int Pap & Pow A * 87 2* 80 100 "3% * 1 37% 1% /" 1% Industries cl A..* Int Nickel (Can) * 41 1 16 76 135 Mach..10 Int Harvester Finance Houston Oil Field Material com Sewing 8 8 .* 1 3 Internat Button Hole 50c * Common 2 2 Agricultural..* 7% prior pref. 100 Int Business Mach. * 148 13 1% 1% 8 7 • 5% 1% 1% 6* 93 % 7 Accep Corp 7% 21 5% preferred..100 • 8 % 7% • Terr Ilium 45c * Hummel-Ross 9% 25 $5 conv pref Holophane Co Household 46% 119% 25 2% ..65 6% 6% 5% 10 1 Dec. 9 134 5 8 Int. 5 5% 86" % 4. 24 Class B 4% Grumman Aircraft Engineering com 1 Guantanamo Sug__* 8% preferred..100 Guardian Coal & Prior pref MotocycJe._ 6% preferred ..100 Intercont Rubber * Tnterlake Iron. * 26% Class A 9% 1 10 pref_100 conv Hires (C E) Co A..* Class B * Hoe (R) class A..10 Chemical i- 4% 3% 6% 6% 6% 25 Spencer 7% preferred—.21 Hajoca Corp.—..* Preferred-.—.100 . Heller Common * Hollander (A )& Son 5 Holland Furnace 1 2% Gulf Oil Corp Gypsum Lime * 3 5 % % preferred-10 Groc Store Prod.25c Oil * 19% * Preferred A $3 pref 26 3% 6 Brewing-1 18 7% 15% 6% 6% 6 Motor Parts Corp com.3 Helena Rub'stein..* 6% 7 34 15 — 2% 19% 3% com 6 Heln-Werner $1% 92% 15% 28 2% 24 % Preferred 100 Indus Machine 1 Industrial Rayon..* Industrial Silica...* Ingersoll Rand ♦ 6% preferred--100 Inland Steel * Interchemical Corp * •% 5 22 40 2% 15 * 2d preferred 10 Indus Finance vtc 10 2% 88 2 Cum pref. 100 Indus Brown Hoist— 1st pref 10 29 1% 7% class A pref.25 Hecker Prod v t c—* Class Indus pref..50 conv Hinde & Dauch 17 * * cum conv 6% Bart & Co com_25 Hilton-Davis Chem Common 1 14 13% 46% * S3 .Common Hearst Consol Pub 65 60" * 7% preferred-.100 Gould Coupler A..* Graham-Paige Mot 1 Hosiery $7 conv pref * Hayes Body 2 Haytian Corp of America * Hazel-Atlas Glass .25 27 5 Oil non-vot A Cl<»ss B 45c 30c 20 * Hlbbard 50 com 1% * Indian 96 54 6%% pref ww 100 Class B i% 6% 4% 5% 3% 1 35 50 Gossard (H W)__ Gotham Silk 4% 40 • 9 54 conv Gruen Watch 3K General American General 5 7% 9% Gray Telephone Pay 13 Houston* Gamewell pref I* IK 1 Galveston conv 10% 3 Gallager&BurtonA $6 25 2 Gair (Robert) com.1 $3 Preferred 10 8 43% 6 * $3 pref with war.* Gorham Mfg vtc. 50c 21% 9% 2d preferred 24 "6% 38% 4% * Preferred Gorham Inc „ Heileman 3 13 Grand Nat Films. .1 6K Preferred.. 1 15 Fruehauf Trailer.. 1 Fuhrman & Schmidt "2% 20 Canada 12 of Canada—...* Fox Film class A * Fox (Peter) Brew..5 F-R Publishing- 13 5% 2 pref * Goodyear T & R of Foundation Co Class B n-v T% 1 37% 25 ...10 Tndiana Pipe Line 50 Indian Refining.. 10 Indiana Steel Prod.l 1% 1% 1 37 * Preferred 65 Hazeltine Corp * Hearns Dept Stores 10% Dec 48 $5 3 12% 20 11 * Goodyear Tire & Rubber com 3% 10 Hathaway Bak A 23% 1% Worsted-50 Good Humor Corp Goodrich (B F) * $5 preferred-. * 76 2K 2% 1 99 15c Goodall 15% 57 pref Foundation Co 7 Indian Rayon vtc.l Preferred100 Hartman Tob 10 Harvard Brew 1 Hat Corp class A..1 25% 4 * Preferred- 80c 1% 19% 10% 88 Goldblatt Bros 2% 75c 40 105 * Preferred Goebel Brewing Ford Motor France Am dep rets Fort Pitt Brewing. 1 Foster Wheeler.. 10 Hartf d * Class B 15% 15 K Corp 30 13% Indiana Limestone. 1 55 6 13% Pneum New common New $3 pref 7% 50 8% Dec. 16 17% 17% 17% 17% Indiana Gas & Chem 9% 6% * .... __£1 Tool $5 preferred—.100 Nov 22 iP Gobel (Adolf) Co—1 5 * 5 * Godchaux Sugar Class A Am dep rets ord_. Ford Mot of Can 100 7 * . Preferred Preferred... 100 Ford Motor Ltd— Class A . Seybold Potter com. 9 4% % conv pref 50 Globe Knitting..2% Globe Wernicke—» 9 89 Harris 1 Glidden Co 2% 29 4%s conv pref.100 Foote Bros Gear & * $6 preferred 10 * 30% 112% 22% Gleaner Harvester.* Glen Alden Coal * % * Follansbee Bros * Preferred 100 Food Machinery.. 10 30 111 Independent 128 7% 6% % 5P 1 of Gt Brit & Irel'd Am dep rets ord £1 Harrisburg Steel—5 * Gimbel Bros 21 % * - 6% preferred. .100 24 10 Imperial Tobacco 21% 21 121 113 22 of Canada com..6 99 \ Gilbert-Varker 1 Gilchrist Co ._* Gillette Saf Razor.* $5 conv pref * Gilmer (L H) 28 25 com..* Fla Portld Cem u t s. Florence Stove. * Florsheim Shoe com* Flour Mills of Am. Preferred Fobs Oil 5% ^ Dec 6% 15% 22% —* com Flintkote Co 5% 54 53 Indus rets sP 33% Imperial Oil Ltd...* Registered sharesImperial Tobacco 7 23 92 6% $5 cum pref Harbison-Walker Refractories com * 119 1% 18% 85% 25 Giant Portland— Cement com.._50 Preferred 50 _ 21 * * 51 10 Gibson Art. Gilbert (AC) Preferred (MA) 118 103 Georgian (The) Inc * 8% class A pref-20 19% 91 28 8er A. 100 First Nat Stores--.* 14* 76 9 Genessee Brew A 90 6% pref 2% 13% 74 101 6% cumjpref A100 30 Firestone Tire & Rub Common 10 105 30% Ask 110 .10 Imperial Chemical 19% 100 12 105 35 6 %preferred_ .100 Gen Tire & Rub—5 % % 12 25 Filene's(Wm)Sons _* 6 it* Harnischfeger Gen Theat Equlpt— New common * Gen Time Instru..* 39 Fiat Am dep rets— Fidelio Brewery... 1 5 Mfg— 96 .* pref Ideal Cement Illinois Brick Imco Partic Ltd 24 27 Bid Hygrade Food Prod5 Hygrade Sylvan * 6%s conv pref * 11 95 75 conv r 22 * —- 7 Hammermill Paper Common 10 6% cum pref.. 100 Hammond Instrum't preferred--100 Par Per share 6 Hamilton Watch-_* $6 preferred 100 1 $6 2l" Hamilton 4% Gen Refractories..* Gen Steel Casting— Stocks 2% 19% Adv't'g Common 20% % Haloid Co.. Hanna Gen Ry Signal * 6 % preferred- -100 68% 6 2% Lamp com * (W F)Print'g 10 16% $6 preferred * Gen Rayon A stk..* Feltman & Curme Preferred * Ferro Enamel 1 F G Trading Oorp.l Preferred 1 43 30 * Gen Plastics General Print Ink 3 2% 2% 15% 65% Federal Motor Tr._* Fed Screw Works. _* Federated Dept Sts * & Kilburn— Preferred 100 Cl A pref part-. 10 * 6% 7% 4% 17 6% 4?* Household Util Class A * 5% 4 100 * Common.... 255 240 106% Ask 19 * _ Corp Gen Outdoor 20% * Fansteel Metallurg * Farnsworth Televis* Fedders Mfg 5 Federal Bake Shops* Bid 3% 15% 11% * 4% % preferredlOO General Mills * 6% cum pref..100 General Motors. .10 5% preferred * Gen Optical pref * 25 r Fanny Farmer Candy Par Hale 1% Ltd— Common Gen Machinery 29 65c 1 100 Fireproofing_ Gen "3 % 6% convpref Elec Gen Foods •27% Famous Players Can Corp com..l Hall _ 7 % preferred- -100 1% K 27 % 6% 120 Gen 63 8% preferred- 100 'Fairchild Aviation .1 Fairchild Eng & Aerl Fa jardo Sugar 20 Falstaff Brewery. .1 Hall Am dep rets reg £1 Gen Finance Corp.1 Gen Fire Exting * 4 IK 10 24 General 7K 10% 1% 57 7% preferred—100 Fairbanks Co -25 9 22 Gen Crude Oil._2% General Electric * 87 Per share 5 1 7% preferred- 10 y8 Esquire-Coronet- -1 STOCKS Ithe month preceding the date of Issue Stocks Gen Cigar common * Gen Candy A General Carpet 40% 102 % o Per share 10 8% 33 % Ask m Per share Emsco Derrick MISCELLANEOUS possible for the closing day New stock. • INDUSTRIAL 88 & MISCELLANEOUS STOCKS preceding the date of Issue Quotations for ail securities are as near as possible for the closing day of the month Stocks Ask Bid Par Stocks > 7)4 4% 7% 4X 1 B Class 6% 85 60 Conv class A——1 6 Kendall Corp com * pref A * Kennedy's Inc....5 $1.25 conv pref..* Ken-Rad Tube & Lamp A ..* Kerlyn Oil cl A 5 $6 part «• - 9 - 10 9 . 22c 6%% conv pf-100 Ludlow Valve * 23 1 25 2 100 1 25 35 i*x 16 Preferred Steel 12 11 4 * 5% Mack Trucks Inc.-* X MacMillan Co * Wire common...* 7X 7% Macy (R H) Co Inc * Mad Sq Garden ..* Magazine Repeater . * Class A Keystone Steel & Keystone Watch Case.. 18 2-3 Kimberly-Clark * Kingsbury Brew 1 King Se<3ley com.-l Convertible pref 20 Kingston Products. 1 Kinney (G R) Inc-.l $5 prior pref * $8 preferred * Kir by Lumber—100 Kirby Petrol—...1 Klein (D E) Co * 40 45 201 21% Kleinert Rubber. .10 6 9 Mandel Bros Inc- Knight(B B & R) pf* Knott Corp 1 5 6 A* 8X 18 X IVA 27 30 26% 10% 2554: Kobacker Stores 2 t§* 15* * 74 Cum pref 7%.100 Amer X 99% £1 shares Koppers Co 6%pfl00 Kresge Dept Stores 1 4% preferred.. 100 8% preferred.. 100 Kresge (S S) CoCommon (vot).lO Kress (S B,« * 6% preferred 10 Kreuger (G) Brew.l Kroger Grocery & 32 10 12* If* X 100% 37 Manh-Dearborn Manhattan Shirt.25 Manise hewitz * * 2)4 Preferred Master Electric 87% 7% pref w W..100 6 * 100 .1 Math'son Alkali—-* 7% preferred--100 May Dept Stores. 10 May Hosiery com.* 71 2% A.l Lawbeck Corp— 6% preferred.. 100 Lautaro Nitrate 4% conv pref. 100 Lehigh Valle* Coal * _.* McColl-Frontenac Oil Co 3 Lehn & Fink Prod.6 6 * McGraw Electric.. 1 McGraw-Hill Pub.* Leonard Oil Devel 25 3 2% 20% 3% 32 6% 42% 14% 22% 72% 12 8% McLellan Sts com.l 6% conv pref-100 6X 87% 15% I* II* 10 20 7 30% 6% "7" 80 31 * 27 60% 64 Nat Shirt Sh Del..* 105 1 $6 preferred 100 Nat Standard 10 Nat Steel Car Ltd.* Nat Steel Corp 25 9 102 25% 26 X 5X 5% 50 X 16* 15X 13% __l Pipe I-ine A 5 Class B 1 15 Mock Judson & Voe Common $2.50 50c 10% IX IX 25 Preferred 4% 4% 40c Mo Portl Ctement. 25 Mitten Bk Secur 25 pref "2" Modine Mfg com..* Molybdenum Corp 1 Monarch Mach T'l * 22 X 21K 5 if* 12% 1% Monroe Chemical..* Preferred * 1 * Munsingwear Inc. * Murphy VarnishlOO . Preferred ..100 * 5% pref...—.100 Murray Corp 10 Murray-Ohio Mfg.* Muskegon Piston Ring com 2.50 Muskogee Corp * McWilliams Dredge* "OX Lib McNeil & Lib.* Mead Corp com * $6 preferred serA* 10% $5.50 pfserB ww* 45" 53 95 98 42* it* Spec cl A ._* Myers (FE)& Bros.* Nachman Springf..* Narragansett Rac'g 1 Nash-Kelvinator 5 18% Nat Acme Co Nat Automotive LIg & Myers Tob.25 is* 25 Common B 7 %preferred-. Lily Tulip Cup. Mead Johnson Mellins Food 160 100 15 * Vox Mengel Co 1 5% conv 1st pf.50 Mercantile Credit- 1 3% 16% Mercantile Stores..* Preferred 100 Merchants & Mfrs Sec Co class A.l 16% 6X < Melville 28X * Lincoln Printing—* $2 Par tic pref...* 3 $3.50 preferred._* Lindsay Lt&Chem 10 36)4 * » Refg * Lipton (Thomas J)— Merck & Co 27% IX Lockheed Air Craft! Locomotive Firebox* 8 * 45 $6.50 cum pref..* Loew's Bos Thea.25 105 Loew's Inc Loft Inc -* Lone Star Cement.* Long Bell Lum A—* * Common $5 preferred. . . Longwest Corp 100 * Loose Wiles Bis.-25 5 % preferred--100 Lord & Taylor—100 1st preferred—100 ^ r r 50 9% Merrimac Mfg.. 100 Preferred 100 9 Scott 105 X * com 6% % pref A100 Messenger Corp 5 33 3% 11% 3% 12% Metalastic Corp 1 Metal Textile Corp * 38 39 $3.25 pref * Metal & Thermit..* Preferred _■ .—100 24 IX 26 106 175 200 131 1 6 100 1 250 54 58 1% 70c 6% 6 10* 81% 82% 78 29% 15% 10 X 10 % 4% 114 22% 13 54 6 ?!* 57 8 17% 45* 4% 37* 3 "5% 38* 4 1% 29% Dec. 22 100 125 National Bronze & Aluminum Fdy..* National Candy...* Nat Casket com 3 4 Nat Food Products Class Aww 1 Mexican Eagle Oil.4 Mexico-Ohio Oil * 2% 3% 1% Class B ....50c Nat Fuel Gas.....* _ .. — - — - 113 - — 16% 135X k Last sale. n Nominal. r Canadian price. t New stock. 100 * com N J Worsted pf._100 New Mexico & 61 4X 6% 85 % 12% 118 11 4% 18% 8 8 65 12% 57 * 1% New Niquero SuglOO Newport Indus....! ~12% * 22 » % 1% 32% % 1% X Arizona Land N Y Air Brake .* N Y Investors com. * 53 1st pref 100 2nd pref.—..100 N Y Dock * 10 64 51 98 X 5 V „ 9X 11 8 80 6 74 ' 50 7% 3% 9% 9% Steel Auction.... * $5 non-cum pf 100 3% 8% 4?* _ N Y Merchandise-10 NY Shipbuilding 1 N Y Transit Nicholson File 1900 Class B 20 12 39 Newton Founders shares. 1 7% pref. 100 105 12)4 10 * 1 Niles-Bement-Pond * Noblitt-S parks ..5 Noma Elec Corp. 1 _ . 8 7% sin ol* 30 18 _. 10^ 10 5X 9% 5% 9 % 17% 155% 13 X 12X 5 -- North Amer A via 1 North Amer Car 20 $6 preferred ._* North Amer Cement Common l Class A pref Class B pref 1 .1 8% 25 2 "3" 4% 5 North Amer Rayon — — 47 — 7 1534 7X 9 9% Com class A.—.* Com class B * 20 21 20 21 6% prior pref..50 No Am Refractories 160 15 Fire-Proofing. 5 6X% pref New Idea UX Cash Reg * Container (Del)l Cylinder Gas—1 Dairy Prod * 7% prefclass A100 7% pref class B100 Nat Dept Stores * 6% preferred... 10 Nat Class A 25 New Bradford Oil—6 New Britain Mach. * New England Lime N Y 109 Nat Dist Prod * Nat Enam & Stpg_* 2* if* 100 common....5 Preferred 100 New Bedford Rayon 54* * Nat Nat Nat Nat 4 5 % preferred 100 New Bedford Cord¬ AH 50 11 .* $7 5 16X 44 Preferred pfd 100 13* 50 New Process Co 5 4 22% % 17% 100 1 conv 16X 20 _ » 36 32 ~5" Battery pref..* 7% preferred- ...» 7% * Dec. 24 65 10 (Oscar).....* units..... _.._..* 55 Nat Bellas-Hess—1 100 New Hav Cl com_25 5 Nat Biscuit * Preferred 81 4% Nat 100 age 24% lie* Nat Baking com 1 Cotton Navarro Oil Nazareth Cement. 10 175 175 Fibres new com—1 Nat Aviation 10 Metrop Playhouse.* 19 17X 103% 110 8 Merritt, Chapman & 8 32 16 Preferred 21 Mesabi Iron Mesta Machine 115 value, 6% preferred..100 Mergenth'ler Lino.* —.* Merrimac Hat 14 preferred—100 *N® par 23% 1 com 13% 1% Xorillard (P) .10 7 % preferred- -100 2d 14 16 23% 20% 7% 9% Locke Steel Chain.5 4 23 Preferred X Common —6 % preferred. .100 17 X * .100 Brothers 3% 20 100 87 - * Loblaw Groc Ltd A* Class B * 90 Transportation- * Merchants Refrig..* Preferred 100 10 1 25 6% preferred Liquid Carbonic 2 Merchants & Miners Lion Oil Class A...... Shoe . 10 Preferred... Link Belt Co Lionel Corp Lion Match Preferred * 10 m — Lima Locom Wks. * Lit com 18X 63* 8% Naumkeag Steam Newberry (J J) Co— Muskegon Motor k Life Savers CorP-_5 9% 11% 66% 88 70 _» Neptune Meter A..* 8% preferred.. 100 Nestle-Le Mur cl A * 139 25 33 il* 58 X 14 ffi Nelson (Herman) 31 141 Amer shares k Motor Products * Mot Wheel Corp. .5 Mount'n & Gulf Oil 1 Mountain Prod 10 Moxie Co class A * 30 1 Nehi Corp com 111 23 30 x 20 Nat Tea common..* National Tool 1 Nat Transit 12.60 4X% & Machinery. .100 Mtge Bk of Colombia Mueller Brass Co..l Mullins Mfg Corp— Supply— 7% preferred-.100 6% prior pref. 100 Nat Supply (Pa)..10 5% % pr pref.. 100 $2 10-yr pref 40 Neisner Bros (Philip) 10 * 45 National 2% 31% 138X * pref 2% 3% 25 % Nebel 86 110 — - conv 5 I* Preferred 41 39% 1% 82% $4.50 pi'ser A. 100 Montgomery Ward Class B X 3' * Nat Sugar Refg 5 4 Monroe Loan Soc A1 Monsanto Chem._10 & Co Ltd * ♦ 6 Nat Union Radio Natomas Co IX 75* 100 Class A 23 Conv part pref..* 100 Preferred Nat Print & Appli.l Natl Pump com * 21 3X 4 Regulator _* 4% pref ser B * Minn Min & Mfg__* Minneap-Moline Power Implem * $6.50 cum pref..* Mission Corp.., * r Partic 2 com ... Murphy (G O) 1 50 Cooker Nat Rub Mach Nat Screen Serv Nat Service Cos 2X 17 Pressure 5%% preferred-10 Nat Radiator ..* $7 preferred.. * 10 7% Morris Plan com 25c Preferred 10 14 29 2 IX 7% 6% Morrell(John) & Co* 19 87 2% 7% National ........ 1 preferred. _* 5 36 12 5^ McKesson-Robb'ns 5 $3 conv pref * 34 ' 10 100 5% preferred.. 100 14% 75 70 55 157 83 8X IX 15X * 96 92 Paper & Type— Common 12% Miller (I) Sons com * Pref 6%% 100 $7 Mfg Nat 21 Morse Twist Drill 19 McKinney 45 90 Mid-West A bras. 50c Midwest Oil 10 Morris 10 com Preferred. 80 Nat Oil Products--4 65% * Moody's Invest Serv part pref * Moore Corp com..* Preferred A...100 Preferred B 100 Moore (Tom) Dist.l Moore Drop For A.* McKeesport Tin Plate 17% 2% 4% 20 8% 1st pref.-.100 $2 n-c div shares. * Common 100 % W* 63 G)1 Ley (Fred T) & Co. * Libbey-Owens-Ford * 7% 25 84 B Steel Castings...* Nat Mfrs &Stores5L Monogram Pictures 1 30 11 McCrory Stores 1 Conv 6% pref-100 8% Leland Electric— 1 4% 85 * Class 24 10 6% 27 78 X Preferred 100 McCord Rad cl A..* 96 Le Tourneau (R 25" pref x-war* McOall Corp 3X * 36 ° 20 cum 16 100 1% McCahan Sugar Leh Portl Cement.25 * a* 154* 17* 2% arrants Refining pref- -100 6% cum conv pf 50 Lehman Corp new.l 6 i, Pcumpfww ._* ux * 93 JX * 12 ..* 20 X 3 31 47 15 2I* ...... 7% 2% 2% * Maytag Co 1st $6 pref Lawrence Portland Preferred. * Lee Rub & Tire 5 Lefcourt Rlty Corp 1 25* * Preferred Cement— 100 Leath & Co com—* 23 X Nation'l Malleable & Missouri Kansas 2% 20% 18* 2X 4% 1% $2 conv Midland Steel Products com.* Mission Oil 5 3 18 * 5% A conv pf-100 Massey-Harris * 5 Lane Bryant Inc..* Lanston Monotype Machine Co.. 100 LaSalle Ext Univ 5 10% 12% i8* 32 r89 Masonite Corp 22 25 Liberty Baking .10 common. Martin (Glen L) 1 Martin Parry Corp * IF Inc 1 Manning Bowman Preferred 100 Marshall Field & Co* Mar Tex Oil vtc -.1 Common class A.l 16 1 Lessings 49 X Dec. 23 X 50 4 * Corp— pref * « 3% 100 6% preferred-100 Nat Lock Washer_20 Minneap-Honeywell . com 3% % Oil Supply common.* 6% Nat Licorice 2X 18% Miller & Hart— 4 100 UX 26 X 155X 2% X, * t c v Class B vtc Conv * Marion St Shov if* Lanatin Stores * Marine Midland...5 Marlin Rockwell 1 % * 4M% pref Le Roi Co com pref Margay Oil Corp..* ■ 1134 ix Lambert Co Lerner conv - Preferred 100 Lakey Fdy & Mach 1 Conv pref Leh Coal& Nav 2% 7% Pref A 6% 86 6% pref B 100 National Leather. 10 Midwest Piping & 1 Preferred -100 Maracaibo Oil Exp.l Marathon Paper. .25 Preferred 100 15 34 1 Clark Common Manufac's Trading 1 Mapes Cons Mfg..* Maple Leaf Mill.- * Lake of the Woods Corp Landers, Frary & 1 New common & Co 22 50 Milling * 7% preferred--100 Ctfs of dep stmp $5 1X 2 Warrants w 1 9)4 55 Class A Natl Gypsum com.l 1st 7% cum pf .100 2d non-cum pf. .20 National Lead 10 2% 17X 1 com Scrip IX % 3% 3% 1% 6% 48 3, 15% dH 10 Mall or y (PR) * Manati Sugar.. .100 Ctfs of dep stmp Products Mid vale Co & Television com—1 19 85 Baking common.* Lago Petroleum * Radio Majestic 5 Kysor Heater.....1 Laclede Steel 8 2% 1134 1 com Preferred 7' 17 Razor 7% % 3% ._!() Mid-Oont Petrol. .10 Middle States Pet- Midland 45 * Mangel Stores— 634 9J 2X 6X 42 X* Preferred 30% 125 121% IX Macfadden Pub—* 2% 37 X 36 29 Lynch Corp 5 MacAnd & Forbes 10 6% preferred--100 Macfadden Newsp.* 3X IX IX Keyes Fibre com. ^Yefprred 4* 6 1 Bumper Bid Per-share IX % 3% 1 Mich Mickelberry's Food 11 50 Mexican Petrol Mich Gas A Oil 1 Mich Steel Tube_2)$ Michigan Sugar * 2X 1% Par Stocks Ask Bid Par Per share 27c Lukens Steel 6% 5X Loudon Packing...* Louisiana Oil Refg.* Ludlum 88 - Stocks Per share Per share 6X KelloggSwitch & 8 -* 5% conv pref-100 Kelsey-Hayes Wheel Ask Bid Par 40 47 X 12 Class A * Class B » 2 3 6% %preferredl 00 North Cent Texas.5 35 40 No European Oil—1 North German Lloyd Amer shares 8 4% 4 % k IX 2% 24 111 North & Judd 25 Nor Paper Mills...* 22 107 108 North Pipe Line—60 10 6 14 106% 5% 4% 20% 6 N'west 1034 1134 5 N'west 46 49 14% 13% . 2134 2234 15 IX % /* 14 Yeast Norwalk Tire & Rubber * 100 IX ... 7% preferred 2 % 13% Engine 50 Norwich Pharm Novadel Agene 5 33 * 20%. Nu-Enamel 1 Nunn-Bush Shoe 2 % Ogilvie Flour Mills. * Preferred 100 .... ii* 225 150 7U jan., 1938] Stocks Bid Ohio Brass B . Ohio Leather——.* Ohio Match Ohio OU Preferred100 Ohio Seamless Tube* 7% preferred—100 Oilstocks Ltd——.* Okonite common 100 _ 6% preferred—100 Oldetyme Distillers 1 Oliver Farm Equip.* Warrants. Omnibus Corp vtc.* 8% convpf A.100 Oneida Ltd coml2H Preferred 25 Onondaga \Pottery. * Ontario Mte com. . l2r 8 108M 12 H 109 X 6 60 60 170 96 94 2X 24X A* 80 16 27 98 17 X 28X 6 OH nW 24 27 X O'Sullivan Rubber. 1 Otis Elevator-!.. 1X 2X 22 H Manufacturing. .5 Outlet Co com....* 7% preferred—100 Overman Cushion Tire 6% pref— Owens-Ill Glass. 12 X Oxford Paper com.* $6 preferred A * $5 preference..—* 07X 9 127 48M w* 40 114 st* 13 75 45 5X 60 Eastern Corn—1 3% Park A Tilford Inc.! Rig ox T it* 6X 4X 11H llQ 4X 6 1 ¥ 4X .... 21 24 16* 17 X 7X 12X SX 8X 1X 30X 10 42 15 50 34 H 37 100X » 2X 6 si* 10 X 12* 22* 16 ■iiS 7 Pender(D) Groc'yA * 19 7% conv pref A..* Penn Electric Switch class A—10 _ X 3X 41X 02 2 2 4 43X 03X 2X 2X 3X 12 24 29" 128 26 2X 14X 30 145 27 4 X X — J* 26 109 X 20 Prima Co I!* Petrol Heat A Pr.* X 3)1 1 X IX 20" 137 SOX 41X 17 18 * Punta Alegre Sugar * * 8% preferred..100 6% preferred—100 Purity Bakeries * Pyrene Mfg..-.—10 8X 8X 24 X 27 X 13 X Tx 2«* U7X 30" 114 8 15 n8 4X 'i'X 7 % preferred- -100 Seton Leather--.-.* 110 Sharon Steel Op 80 X 90 50 69 X 3 * $5 conv pref * Sharp A Dohme * $3 50 »3nv >ref —* & 95 Shattuck (Frank G)* Shawnee Pottery- -1 ■7X Sheaffer Pen-- * 60 Shell Transp A Tr £2 44 Shell Union Oil—* Warrants 2X lt% 43 X 5 ox 118X % JX 6 39 36 OX 14 X 30 X ll* n02% 7X olH 8 10c 9 11H 112 94 7X 7X 95 143 16 4X 9X 25c % X X X 3X 100 70 16 2 17 73 17 v 2X 17 X 12 14X 25 33 26 28 23 5X IX 26 IX 19 H 2X IX 20 X 5% pf ser AAA 100 Sher-Wms Can. * Preferred 100 1 IX '9 3*5* ll» 2§H lol* t Called Jan. 1 at 110 plus $2 div! 4X 44X 3X 13 r - Slgnode Steel Strap'g ox Common 14 * 23 $2.50 preferred.30 6 10 1 IX 5X ,--* Sllex Co Simmons-Boardman 18 19 Pub preferred—.* Simmons Co. —* 10X Simmons Hdw A Pt 3 IX 2X Common ._..—* 9 Simms Petroleum. 10 Simonds Saw A Steel 15X Common-..—.-* Simon (Franklin) A pref.—100 Simplicity Pattern. 1 Singer Mfg -100 Singer Mfg Ltd— £1 •4oux City Stock 40 Co 7% 12 X l4*" Tx 4X 224 5 Yards com..—-* Rocky Mt Fuel—100 Preferred 2 5 27 1 X * Common Skelly Oil. 8 Tx SIvyer Steel Casting 27X Aug. 31 5X 8X X IX 2X 2X — llv*> 87 .—15 6% cum pref--100 5 02 73 Skenandoa Rayon.* 5% preferred—100 Sloss-Sheff S A O 100 9 18 .....* Sirlan Lamp com—* Preferred..-.* 19 07 $6 preferred...100 Rose 5 10A25c Store 10X -iraith (A O) Corp.10 Smith A Corona 20X % 65 X 46 oox Dec. 3 41 110 19 15 3 Conv Soss South Coast Corp—1 3X 76 20 P 93 101X ~3X Class B * South *n Pipe Line 10 Southland Royal..* south Penh Oil- —25 So Porto Rico Sug-* 8% preferred.-100 10 South Shore Oil-lOc S'west Pa P L 50 18 Spalding (AG)ABr.* 7 % 1st pref. - -100 Sparks-With'gt'n Co 59 60 5 35 40 8 4X J 26 3X 80 nx 30 IX 23 X 7SX 12X 99 . a 28 5 95 UH 32 23^ It* JX 20 ■ 80 4 IX 4X OX 37X 22X 128 2X 21X 2X 37X 2X Common..... 535M 13 Preferred-——100 Southeast Exp..100 South Dairies A-—* J* 5 Mfg common_1 20 ■ 1 94 IX 9 15c South Bend Lathe Works .-5 2 83 100 2 preferred.-1 3p 72X 10^ 14X Packing— Warrants.. 7 1 12 75 Socony Vacuum.. 15 Solar Mfg Corp 1 Sonotone Corp 1 7 34 Preferred-... .100 Snider 21X 5X Ryan Cons Petrol.* Ryerson A Haynes.l Safety Car H & L100 Safeway Stores.—.* 5% preferred.. 100 6% preferred—100 7% preferred.. 100 St Joseph Stk Yd 100 St Lawrence Corp.* Preferred 60 St Lawrence Flour Mills com....100 St L Nat Stk Y— St L Rocky Mt A Pacific Co—100 Preferred 100 St Regis Pap com..5 Preferred 100 Salt Creek Prod—10 Samson United....1 Sanborn Map. ...25 Sangamo Electric. 11, Typewriter vtc--* Smokers Match.*.* Smyth Mfg 25 40 $2.50 conv pref—* Ryan Car com * 7% preferred—100 Schulte Real Estatel Preferred, ...100 83 108 ... 3 45 slH 10 A 28 Schirr Co com OOX Hoist——25 ■Jherw-Williams —25 24 Savage Arms-—...* Savannah Sugar...1 Savoy Oil ...—.5 Schenley Distillers.5 5)4% pref 100 46 10X A8X Rights 5% preferred-100 San-N ap-Pak com Units...—— 7X IX, 23X 5X% conv pf-100 Tx 5X Rustless Ir A Steel .1 5X 14 30 4% Shepard Niles Crane * 100 Royalite Oil Ltd.—* Royal Typewriter.* 7% preferred.. 100 Ruberoid Co * Russeks 5th Ave.2 X 56 44 X - 114 101 Preferred.—.100 Rockwood & Co.—* Corp...* Royal Dutch Co 3X IX 2X 15X 8X 10X< Seversky Aircraft-.1 Shamrock O A G—1 11" mt "5" Kossia Int 3* 65 18 $1.20 conv pfd.20 ■ 13 15 Rogers Majestic...* Rogers Peet —100 Rollins Hosiery..—1 Rolls Royce Ltd— Am deposit rets— k Rome Cable Corp-5 15X 1 18 4 Preferred 100 Roeser A Pendleton * 16 ... Servel Co. * . of N Y ord shares. 2X 100 - .100 7% 1st pref—.100 Rochester Button. 1 9 2X 69 6 18 12 54 36 Seiberling Rubber.* Preferred100 SelbyShoe * Sentry Safety Con.l Serrick Corp cl B..1 2X OX 01X 00 x Myers..* Pap Box.5 15 * * -.50 Preferred 1 'fx 6 Preferred-25 Robertson 'HH)..» Robertson 1 Ross Gear A Tool..* 1 common . 72 1 common.—- 46 X Rainbow Luminous Product A.—* Class B com....* Raymond Concrete Pile common....* Preferred...—* Rayonier Inc com. 1 $2 conv pref—.25 Raytheon Mfg..50c 6% preferred.... 5 Raybestos-Manhat * Real Silk Hosiery Mills common—.5 7% pref vot... 100 Red Bank Oil——* Reece Button HolelO Reece Fold Mach.10 Reed Roller Bit....* B..-..._.* Root Petrol Co.—.1 45 4 ... Warrants—— 7% pref old 25 Richman Radiator-1 Riley Stoker _* Preferred. 100 Ritter Dental Mfg.* 0 43 Radio-Keith-Orph. * preferred Reynolds Tob.-—".lO B common 10 Rice Stix Dry Gds.* 1st pref. .100 2d pref 100 Richfield Oil of Calif Common * 8X 13 X . 138H 15X New com w i. 5X% conv pf-100 Reynolds Spring 1 _ Roosevelt Field.—.6 —* Pure Oil Co 0X% pref Without par value, 2X 7 * Process Corp com... Proc A Gamble * cum pref. .100 5X% conv pf-100 1 Reybarn Co Inc Reynolds Metals..* Preferred "ix IX 1 Reeves (Daniel)...* * OX ... 2d pf—50 com 30^ 61 Rockbestos Prods— Randall Corp Pt A.* Class B—......* 28" OX — "5" 20 2X X X pref-..—-* Rath Packing—--10 A........6 —lc Perfect Circle——* Permutit Co. 1 Pet Milk * Pet Corp of Am—5 Petrol Conversion. 1 Petrol Derivatives.* 4X OX 17 17X conv 7% ... Segal Lock A Hard¬ ware com..——.1 Robinson (Dwight P) 35 Price Bros A Co ; Preferred .10 Revere Cop A Br—5 Class A 10 Preferred Ralston Steel Car 3X Vy Crude Oil Peoples Drug Stores* 6% conv pref—10 Pepsi-Cola..-.* 45 100 Hall--.—* ... Repub Port Cem_.* Republic Steel * 0% conv pref.100 6% prior pf A.100 Respro Inc com...* Bobbins A 42 y!2X ....1 .5 Seagrave Corp. Sears, Roebuck Seeman Bros.... 20 w—25 JX 23 27 X . ~7X OX 6 17 $2 cum pref w w.» $2 conv oref_. Seaboard Oil (Del).* " 07 X 16 X 3 12 X conv Riverside Cement— Class A -.--.* IX 7X 17 X \* Seaboard Fin Corp.l 11 8 ox % Warrants lix 10 2 Class Prentice Common Mfg Co (Illinois).. 10 Preferred-.... 100 w 25 10 X Common.. ._...* , Spear A Co..-——1* $5.50 preferred—* Spencer Kellogg..-* Spencer Shoe---—* Sperry Corp v t c.-l Spicer Mfg Co-—.-* $3 conv pref A * Spiegel Inc com...2 $4.50 conv pref..* Square D Co Squibb (E R) A Son* $6 preferred-..—* 10X JX 17 X 18X 24 100 102 IX 23 2X 24 X 4 k Last sale n Nominal, r Oani»diau crice, / New stock 1 » 1 6 ■ 15 11 37 X 23 X .1 Scullin Steel pref. 53 Reliance 2 4X Quaker Oats..—.* 6% preferred—100 Quaker State Oil—10 115 IX 95 Potrero Sugar -.5 Pref stamped—5 Pref unstamped-5 Potter Co com 1 Prairie Oil A Oas.25 Pratt & Lambert--* Railways Corp....1 12^ IX 18 1 * Preferred--. Pullman Inc.. 19 Penn Salt Mfg...50 Penn Sugar 20 Penn Traffic 2X B Units..... 60 Pollack Mfg. -* Poor & Co class B—* Class A * Porto-Rio-Am Tob— Class A * conv 20 .... IX _ 11 20" Class 8* 100 100 8% preferred-. 100 39 5% preferred-. 100 ox Producers Corp..25c 3 Propper McCall'm. 4X Prosperity Co B * Publication Corp.. * X Puget Sound Pulp A Timber com..* sx 3X 16M Units.... 100 Penn-Mex Fuel...-2 Class . 1 Penna Industries..* Penn Pocahontas Fuel 5% IX 21 Penn Federal Corp. * 4X% preferred-60 Penn Glass SandCommon vtc.. $7 conv pref * 20 X 100 11* 24 OX X 1 .....* lines Corp—....1 Penn Coal A Coke 10 Pa-Dixie Cement--* 37 40 21 Pressed Metals Am. * 97 Peerless Weighing A 9 SOX ox lox Pressed Steel Car— X 33 5X 2X 4X 5X 40 X 7X 30 Plough Inc.----—* Plymouth Oil 5 Preferred-.—100 X Class B........ * Penick & Ford.—.* Penney (J C) Com.* Penn-Central Air¬ 34 34X ■ Plant Reduction—.1 Plant (Thos G) 13 17 IX 1 w Pittsburgh Steel—* 7% preferred.. 100 5X% prior pf-100 5% preferred—100 Plttsb Term Coal—1 6 % preferred'- -100 Pitts United Corp 25 7% conv pref.100 5% conv 1st pf—5 7% preferred-... * com 85 Pittsg PI Glass—25 Class B 00X Peabody Coal B.. Vending - _ Pitts Screw A Bolt-* Preferred ]ix 40 OX 5 Preferred . . * Forgfngs..—.1 Pgh Metallurgical 10 Pleas't ValWine Col 11*4 94 Peerless Cement...* Peerless Corp 3 4* J" Pitts 7% 1st pref 55 Patchogue-Flymouth 6% preferred-. 100 Peck, Stow A Wile26 22 (Pa)—100 $5 conv pref. 2X 22 X OX Pittston Co——.* 55 Mills——.—.* Pathe Film Corp..l XX 5% 6% preferred—100 A Reel common...1 Parmelee Trans...* 21 2X Preferred—.— pacific Finance Corp Parkersburg 8X 46 Pitney-Bowes Post.* Pittsburgh Brewing * Pitts Coal T 4% conv pref-100 Paramount Motors * Paramount-Publix 10 Paramount Pictures 1 6% 1st pref...100 6% 2d pref—10 Parke, Davis Co..* Parker Pen .10 Parker Rust Prf.2H 38c 1 Pitts Coke A Iron..* J* Palmer X ox "ox Winterfront.l X 15 Reo Motor Oar 12 28c 7 20 X Pierce Petroleum..* Pines 6% preferred--100 Reliance Elec A Eng Common. 5 Preferred Renner Co _ Scott Paper...... Scovill Mfg 25 2 pref.25 Remington Arms..* Rem'tn Rand com.l B rights IX 2X 2* nx pref.100 conv 1 Bond warrants Corp com—6 47" 4X Bros.... * Preferred.. .60 Pan Am Airways 6 Pan-American For¬ eign Corp class A1 Class B ..1 Pan Amer Match.25 Pan Am Petrol A Transport 5 Pan-Amer Southernl Panhandle P A R—* 8% .conv pref.100 Pantepec Oil Co 1 Pantex Pressing Machine common* Preferred.......* Paraffine Co Inc.. * 8% Steel common..-1 $1.50 4X 6 Schwitzer-Oumm Scran ton Lace Reliance Si eel 6 10 Pierce Arrow Motor Preferred X 10X Reiter-Foster Oil..* 35 8 Pierce Butler Rad.5 Pierce Governor..-* Pierce Oil Corp—-25 1H 23 Per share X 5X 8% preferred.. 100 Schulze Baking 6% pref......100 294M -I* 7X 7% 1st pref—100 3X 4 Pillsb F1 Mills com.* 45 7 Pairpont Corp..100 3X 38 X Pirelli Co of Italy Am shs 500 lire Pacific Can * Pacific Coast Co. .10 1st preferred * 2d preferred..—* of Calif com .10 Pacific West Oil—10 Warrants........ Packard Motor. * 3 5 Pkge Corp * Preferred ...25 Reis (Robt) A Co..* 8* 38 Preferred.—.5 Mills Ltd Bid Par Schulte Retail Sts.l Regent Knitting Reliable Stores..v 68 2X 28X Stocks Ask Per share Reliance Bronze A 6* preferred—100 Par 21 51 (Albert) com.l Bid Stocks 39 37 isx Pilgrim Explorat—1 Ozark Corp * Pac Amer Fisheries 5 ■pac . 7% 18* 7 $4 preferred. ... * $6 preferred.....* Pick .5 4X 20 X 2 Phila Dairy Prod-.* Car JX 45 25 Phelps-Dodge share 16 Pictorial Paper Oshkosh B'Gosh...* Conv preferred..* 6% preferred-V100 Otis Steel $5.50 conv 1st pf_* Outboard Marine\ & 15X 4X 3% 26 25* 15" Opjpenheim Collins.* Petrolite Corp Ltd.* Phillip-Jones Corp.* 7 % preferred- .100 Phillips Packing * IX Phillips Petrol——* ox Phoenix Hosiery.. .5 .... * Per Phila Insul Wire—* Phil A Read O A I.* 10 150 Par Pfeiffer Brewing—* Pharis Tire A Rub-1 17 for the closing day of the month preceding the date of Issue Ask Bid Stocks Ask Per share 30 X 33 89 miscellaneous stocks industrial & Quotations for all securities are as near as possible uimd. 12" 38% 25 31 nx ( 90 INDUSTRIAL & Quotation* for all securities Stocks Bid Par Ask Stocks 1 % Preferred Par 2% 25 10 * Staley Mfg Oo 7% preferred 5% preferred 9% 10% 87 89 ■ 76 Standard Brands._* . . 78% 7% 106% $4.50 cum pref—* Standard Brew— * 8 15 % 16 16% 2% Standard Dredging New common—1 Thew Shovel 5 9 Thompson-Starrett * $3% preferred * Thompson (J R)-_25 Thompson Prod * $5 conv prior pf_* 4%% conv 3 2% New $1.60 conv preferred---.20 Stand Oil and)—25 10% 28% 33% Stand Oil (Kan).. 10 31 Stand Oil (Ky).—10 Stand Oil (Neb)-.25 16% 8% 45% 18% 98% 1% 5% (Oal)—. Stand Oil of NJ-25 Stand Oil (Ohio)—25 6% preferred—100 Standard Plastics. _1 Standard Products-1 Standard Screw.-20 Preferred A...100 Stand Silica com 29 33% 35% 17% 9% 45% 19% 101% 6% 27% 26 Shfpbhild- * * . Torrington Oo 25 Securities-.* Towne 6%% pref Lux Picture 11 13 10 48 12 X 53 14 11 11% 5 _ 5% Trenton Vail Dist- 31 Dec. 16 Trojan Oil & Gas 9 Nov. 18 Sterling Aluminum 1 com Sterling Brewing...1 Sterling, Inc 1 Sterling Products. 10 Stern Bros 5% ..6% ■AX 4 * ..25 Stewart-Warner 5 56 1 27 Preferred A ... Stinnes (Hugo)Corp5 Stokely Bros—.1 Oonv pref—.25 Stone & Webster--* Storkline Furn 10 Strawb'ge & Clothier 6% preferred-.100 7 % preferred- _ 100 Stromberg Carlson.* 6% preferred-.100 Stroock & Co.....* Strut hers Wells Titusville com * 1.25 preferred..* Studebaker Corp 1 Submarine Slgnal.25 Jk* 30 s% 1% 20% 9% 5% 6% 85 10 % Sunray Drug 1 Sunray Oil 1 5%% conv pf—50 Superheater Co * Superior Oil 1 Superior Portland Cement class A..* Class B -_.__* Superior Steel 100 Susquehanna Silk Mills class A—5 Class B........5 Sutherland Paper .10 Swan Finch Oil... 15 Sweets Co of Am.50 Sweets' Steel,Co... 1 Swift & Co.. 25 Swift Internatl..l5 Sylvania Industrial * Symington Gould— Common w w Common xw 1 1 Taggart Corp 1 7% preferred....* $2.50 pref * Talcott (James).—9 5% % preferred .50 Tampax Inc ..1 Tastyeast Inc cl A_1 Taylor-Colquitt Co 5 Taylor (K) Dist-.-l Taylor-wharton Inc * Telaut'g'ph Corp. .5 Tennessee Tennessee Corp...5 Prod Term & Trans com. 1 Preferred _* Texas Corporation 25 Texas Gulf Prod * 23 7% 121 11% 2% 30% 26 % 2% 30 Thatcher Mfg 123 16 X 3 35% 27 X 2% 7% 26 Universal-Cyclops Steel Corp 1 10 11' 90 Univ Leaf Tob * 46% 52 7X .7 ~2% 6% lix 26 1 com 7% IX IX * com 7%% pref 25 5% preferred—25 Underw Ell Fisher.* Unexcelled Mfg-_ 10 Union Bag & Paper * common Stores com 1 Un St Yds Omaha 100 Union Tank Car * Union Twist Drill 5 United Aircraft Un Aircraft & 5 jx 47% % JX 73% 18% 5 8 24 8% 10% 24 15% 16% 8% 8% 6X 4% Biscuit 39 7 49 7 10% 7% * Chemical 7% 8% 1% 35 17 116 1 3c 10 17% 5 5% Va Iron O & O.-100 5 % preferred--100 2% 6% 3 74% 82 15% United Drug 5 United Dyewood.10 6% 8 5 29% * 56 Un Merch & Mfrs_* United Milk Prod * 6% 17% 68 1 10 6 4% 65 1% 3% 1% 7% conv pref. 100 Envelope... 100 8% 4 % 55 V£X 63 3 3% Preferred U S Finishing 3 5 100 * 6' Co..T_! * 6% preferred.. 100 Preferred Ward Baking Corp— Oom class A_. * 7% preferred..106 K % Iff 25 68 166 % 2% 5% 7% 2% 69% 170 * Warner Bros. Pict..5 $3.85 conv pf * com * Preferred 20 65c 16 6% 50 117 5?* 125 2* 2 7 9 % AX % 7 19 * $1 $3 $3 Cement Worthington Pump & Mach-.. * 7 % pref A 100 Pref A stamped 4%% conv prior preferred 100 7 % pref B 100 Pref B stamped. 4%% series prior preferred 100 7% 7% 9% jx 36 5% 35% 3% 8 9% 3 38 6% 38 4% 10 V 9 16% Wrigley (Wm) Jr..* % 3% * Preferred 100 n Nominal r Canadian price, t New stock, x 2% 4% 6% 57 3 6% 11% 36 3% 7 13 36% 17% 52 56^ 98 15 15% 60 100 30 37 45 60 36 43 78% 60% 2% 82 62 3% 11 13 63% 66 30c 24 Coach Mfg 1% cl B 1 7% preferred-. 100 York Ice Mach * 7% Preferred-. 100 Young (J S) Co. 100 Preferred 100 128 "WS&SS!. 13 13% 19% 20% 8% 68% 11% 64% 83 8% . 80 12% 68% 90 Youngs town Steel 14" 18 Door common 41% Youngstown Ex-dividend. 5 Steel common 5 2% 5 Youngstown Sheet & „ k Last sale, 2% 4% 20c * 5%% pref—100 Radio Zonite Products eEx-right8. • 22% 1% Zenith No par value. 7 24 Yale & Towne 25 Yates-Amer Mach.5 Yellow Truck & Tube * 2% Wyoga Gas & Oil.% Car * 2 Am dep rects ordWorcester Salt. .100 Preferred 100 90 7% 10 Woolworth Ltd— (Northam) pref Indust Woodley Petrol—.1 Woodward Iron.-10 Woolw'th (F W).10 Wurlitzer (R) comlO 8% conv 10 12 slH 22 11% % Portland com Wolverine Tube 2 Wood (Alan) Steel 7% preferred-.100 Woodall 5% 5 Wrought Iron "3% Warren Station Wright Aeronaut'!-* * pref * Warren Fdy & Pipe " Preferred 50 WJR The Goodwill 40% 18% 1st preferred.* conv * 76 18% 8% % 8% 2% Winters & O'mpton 1 Wither bee Sherman 40 Warner-Quinlan Co* Warren Bros 9 60 72 Walworth Co.....* Warner Co 7% preferred—100 16% 39% • Waltham Watch cl B 57 U S Glass 42 WalkerJH) Good'm 124 * 40% ...* Waitt&Bond Inc A * Class B__ * Waldorf System...* 50 U 8 Gypsum 35 Vulcan DetinninglOO 7 % preferred-.100 119 7% nreferred.100 USFoilB 1 U S Freight. 11» * Oom class B 60 % dp. \\X Vogt Mfg Preferred 11 5% 50 21% 15 & worts com..* 5 * U S 900 8% Preferred U S Distributing sg % 55 7 50 Willson Products.. 1 Wilsonite Corp 1 Wolverine 60c^ "x —4%% pref ww 100 8^ 43 1 Walgreen Co com—* 2% 42 4% 4% 50 % 1 2% 4% 5% * Wilson-Jones 20c 5 Wahl 6% 4% U S Bobbin& Shuttle X ._* Waco Aircraft 39 50 —100 18M 105 Wagner Baking. ...1 7?* Common... d* 10c * 20 38% 3 .5 5% 30% 57% 7% Preferred. .25 Specialties. 1 39 Vick Chemical Viking Pump Preferred 71 5 3% 17% 97 Victor Brewing Victor Chemical Electric 39 X 13 2 2% 3% 5% 100 Preferred 2% * * 1% 1% 5c Vicana United 7X ir< * 1% 13 % % ♦ $6 preferred.. Wilson Line Sugar common. _5 Sugar v t c_3 Va-Car Chemical—* 6% part pref. .100 26 H 27 Wilson & Co_ Petrol.! Vertientes-Camag'y ■Jk* 70 7% 14% * $5 preferred Un Drill & ToolClass A 6% 1 48 Venezuelan 6% preferred. .100 2% ...» 76 .15 5 14% 9% 53 m 3% 45 * * Van Dorn Iron Wks* Van Nor Mach Tool5 Van Raalte Oo 5 7 % 1st pref 100 12 ~ * * ... - 12 * (R C) * Corp % 6% 8 W Willys-Overland 1 6% conv pref.. 10 d" Class A 1 Un Shoe Mach-.-25 2% 2% 85 3% 1% 1% 3 k 33 75 Wil-Low Cafet Conv pref 3% 10% preferred—10 Un Shipyards B 1 IX 28 Oil-O-Mat TVilliams 10% 93 .% * Prior preferred--* Vanadium Alloy Steel common Van Camp Milk $4 preferred 21% 6% Wieboldt Stores Wm 25 9% 88 10 common 2% 28% 2 14 * WUlcox & Gibbs__50 Wilcox (H F) Oil 6 Gas ..5 Venezuela Mex OHIO Venezuela Holding. 1 4% 6% IX % 32 Van Sweringen com 1 Veeder Root inc ..* 12 o.X 30 Steel 20 ctfs 5% preferred-..10 Wickwire Spencer 57 39% 18% 16 X x2S conv 7% first pref. .100 Wnittall (M J)— 10 53 $5 Stk trust 8% preferred. .100 16% 4% 6X 3 X. %j ' 95 i% 6% 1% 25% 10% 2?* ; 90 25% $2 preferred * United Molasses Ltd Amer dep rets..£1 Unit Paperboard- 10 Preferred 100 Unit Piece Dye com* Preferred 100 Un Prof Sharing * 2 I Corp _* 8% 1% 13% 15% Valvoline Oil comlOO 37% 16% Coal Cos com Un Eng & Fdy_. United Fruit conv pref-.30 $4 conv pref * White (SS) Dental 20 White Rk Min Spgs- 20 ill* B 5% il* 97% 13% 23% 6% 59 34% '16% Nov. 19 * * 16 94% 11% 22% 14% 34% 8% 1% 12% 3% 19 5 7% preferred-.100 30" Common 7% conv pref. 100 Valley Mould & Iron 2% 8% 105 23 10 22% pref. 100 United 7 % preferred. .100 Vadsco Sales Corp— 32 W Va Coal & Ooke_* W Va Pulp Pap—* 135 * 30 » k Utah Radio Prod—* Utica Knit Co 100 iK Weston El Instru—* Class A * 3% 24% 100 57 17 United Carbon * United-Carr Fast..* Class 23 6 % 19 United Oigar-Whelen Stores com 10c 3/4 16% 27 9% 73% 1 Wheel Steel Preferred 22 3 23% 99% 130 6% 80 75 38 AH 50 1% 8% 1% % 15 prior pf_* White Motor 1 White Sew Mach .* 147% 4% 72 $3 part pref * United Cigar Stores- 6% 2 7% 1st part pf.50 Westland OH * West Michigan Steel J* VIX 70 100 15% Unit Amer Bosch. _* conv Preferred 8% 138 100 Common Un Artist Theatre.* Preferred 100 7% 5 8% preferred-.100 Preferred 100 Utah-Idaho Sugar.6 Preferred 10 8 49 108 Western Newspaper Union common-.* Weyenberg Shoe Universal Prod Universal Winding 16% _ 3 15 15 1 preferred * Grocer. 20 Western Groc Ltd 2% 74 2% $3 Vanadium Transport Common d%- 8 2 64 3 2% l&X 27 2 11 30 Preferred 100 Westvaco Chlorine. * 82 1% Universal Pictures _1 7 United Air Lines United 75 5%% prior pref.* Valspar com v t c__ 1 $6 pref v t c 5 0% * 1% 2% 62 United 13 X 18% pref..* Co pref yx 48% 6% prior pref-100 Universal Corp vtc. 1 Universal Cons OHIO 13 9 700 conv 7% 12% Trust old stk_-10ft Ctfs sub shares.. 1 Texon Oil & Land-.2 $3 Ulen & Co .X 4% 2% 9% 9% 50 27 conv $1.50 preferred—* Twin Coach Transport warr'ts. Texas Gulf Sulph—* Tex Pac Coal & Oil 10 Texas Pacific Land $3.60 * 12" * Warrants... Thermoid Common 40 4*' ~5% 73 * 10 Foundry "6" 215* ... West'he El & Mf.50 4% 8% 7% United Stove 1 United Wall Paper .2 8% 1st pref _ 20 32 11 Iron & Steel com Technicolor 1 Union Carb & Oarb * 11% 4KB * (* pref pref. Common 2 conv conv Westins Air Br ke_* 128 5% 10 A Union Oil of Calif 25 Union Premier Food 10% 4% * Vot tr ctfs 5 1% 2% 9% West Air Exp 1 West Auto Supply— 54% 106 115 United Stores A 20th Cent Fox Film Corp 5 9% Steel \X 62 4 36% 2% 6 14 11 1 Western IX Chatillon-_l : ax 4 46 % pref. .100 6% 70 * com cum 10 66 5 Oil JX 98 Sun 6% 9% AX 94 Sullivan Macn'y Sundstrand Mach Tool common * , 1 7% preferred. -100 Tung-Sol Lamp 1 80c div conv pref * 2 28 Stetson (J B) Preferred Truscon Tubize 2 105 "Western Dairies 60 148 $6 35% Triplex Safe Glass.* Class d" 1 common * * * 6 Truax-Traer Coal * Trunz Pork Stores.* 20 k Trico Products * Preferred U S Tobacco Brower com 1 Welch G'pe Juice2 % Preferred 100 Bros 4% Dec. 24 Western Tablet & 3% 4% Stationery * 63 66 West Indies Sugar. 1 * k United Stockyards— Common 1 Conv preferred..* 1 _ 4% 1st preferred U S Sugar Corp 6% Dec. 23 8 Forging-.-* Transwestern Oil .10 4 54 105 2% 70 $4 2% * k com 25 100 $7 preferred Wellington Oil 48 7 % non-cum pf 100 Steel 100 5% 2d pref 2% Williams 100 Products 5% 2% 1 _ 7% preferred 50 U S Steel Corp 100 7 % preferred- .100 U S Stores Daylight Screen Transue & Sterchi Bros com..* 1st preferred—60 k 27 8 100 2 — 13% 7% 25% 2% 5% Webster Eisenlohr.* Weisbaum 3 2 8% n-culstpf-100 23 13 Wells Fargo & Co.. 1 46 6% preferred--50 U S Realty & Imp. * U S Rubber * 18 Wentwortn Mfg.1% Preferred * Wesson Oil & Snow drift com 5 28" 59 57 Trans 62% 50 1 U S Radiator 13 21 1% 5% 2% 5% 4% 22% * 23 58% * U SSmRef&Mln50 20 r Common U S Rubb Reel- West Air Line 70 pref.20 15% 17% * 38 67 27 2% 12% 20% % 1 conv Preferred 5 36 r $1.50 U 8 Postal Meter..1 U S Print & Litho— 46 Shipyards Stanley Works 25 Starrett (L S) Go..* Starrett Corp— Steel Oo of Can...* Preferred 25 Stein (A) & Oo com ♦ Common mii 64 X Aug Transamerica Corp 2 Transcontinental & 2% 23 44 Todd Tokheim OU 5 2% 21% 17% 2% 8% 2% c..l 25 1«M 8 t U S Pipe & Fdy_.20 10% Per share Warren (S D) Co—* Waukesha Motor. _5 Wayne Knit Mills. 5 Wayne Pump 1 8 U S Playing Card. 10 U S Plywood Corp 8% Am dep rets ord £1 Am dep rets def— 4% v IB 2X Stand Steel Spring. 5 Stand Tube cl B 1 Common 75 pf.100 44 109 3 * 5% Part conv& cl A_* U S Lines pref * 125 38% cum pr 21 Tob Prod Expts * Tobacco Secur Ltd— Preferred.. Trane Co... 1% . 9% * k Stocks, Inc 7% AX 30 1% 25% 7% 120 6% 27 20% pf—50 conv U 8 Ind Alochol * U S Leather com..* Ask Bid Stocks Par 83 82 7% preferred-.100 Toledo 130 14% 42 1 Timken Roll Bear.* Tishman Realty * Tobacco & Allied 12 i 92 HX * * tn 12% 88 5%% „ Ask Per share U S Hoff Machin'y 5 A\H AX Timken-Det Axle. 10 2% STOCKS Bid Stocks Par 10 2% 10 X pref-* Tide Water Oil Tilo Roofing com Time Inc com 20 Ask Per share Tide W Assn Oil. .10 x , Stand Gap & Seal—1 Oonv preferred. 10 Stand Oom Tob coml Stand Oil Bid Per share Btahl-Meyer com—* MISCELLANEOUS possible for the closing day of the month preceding the date of issue are as near as * 1 37% 73% 13% 2% 38%; 76% 13% 2% United States and Quotations for all securities are as near as Municipal Bonds 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. Therefore a bid and asked quotation is published—either actual figures or on a percentage basis. In furnishing prices for the serial bonds, however, we endeavor to obtain the yield basis for the varying maturities. For instance, a certain bond matures from 1937 to 1951 and is quoted 0.50 to 3 %—'•would indicate that the 1937 maturity yields 0.50% and the bond due in 1951 yields 3%. > Therefore, in the following list, it must be remembered the word to indicates that the figures shown are the yield basis; all other figures are bid and asked prices. in furnishing the prices below, it will be found that for the single maturity bond Yield Basis Bid UNITED STATES—See 4*^s 1947-52—A&0 4s 1944-1954 J&D 3*4s 1946-56--M&S 3 *is 1943-47 J&D 3*4s 1940-1943-J&D 3*4s 1941-1943.M&S 3Ha 1946-1949-J&D 3 Ha 1949-1952-J&D 3s 1951-1955—M&S 3 Xb Aug 1 '41-F&A 3 Ms 1943-45—A&O 3s 1946-1948 J&D 3 Ms 1944-46—A&O 2Mb 1955-60—M&S 2Mb 1945-47—M&S 2 Ms 1948-51 M&S 2Mb 1951-1954. J&D 2Ms 1956-59-M&S 2 Ha 1949-53-—J&D Treasury 2 *4s 1945J&D 38 Panama Canal 1961—Q-M 3s Conversions 1946 Q-J Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Conversions 3s Yield Basis To or Bonds Ask Bonds also pa ge 19. 116.21 112.6 110.15 107.16 110.21 107.22 106.4 106.10 107.1 105.27 105.21 104 107.4 107.3 107.11 107.8 105.7 107.1 101.27 105.9 107.4 101.28 103.25 4*4s Ot House 1938-43 M&N 4Ms Ref 1938-1961—A&O Madison Co 5s Refunding 1940 Mobile City— Refunding 2-5s 4 Ms Water & Sew '39.J&J Mobile Co— 4 Ms June 1 1938-1948 5s School May 1 1945 4*4s R & B 1938 J&D 4Mb 1939-1958 J&D Gen fund 4*4s 1941-66 J&D Montgomery— 5s Pub Imp Jan 1 1938 5s funding 1939-1966--J&J 4*4s Sanitary Sewer Jan 1*44 Montgomery Co 4*4s 1957-59 68 Road 1951 -J&J Morgan Co. 5s 1938 J&J 5s Road 1952. F&A Selma (Citv) 5s-6s 1938-552X8 1938-1952 J&J 107.4 105.30 105.18 103.31 103.31 102.1 102 100.31 101.2 100.27 100.29 99.18 99.19 102.15 102.16 114 118 108 110>4 1947——Q-J 108 X 111 U S Treasury Notes— 2M% 3% 2H% 2X% 1M% l*47o 2H% IH% 1*4% . IX % 1X% 1*4% 1*4% • «1*1% , 1M% Feb 1 1938 Mar 15 1938 June 15 1938 Sept 15 1938 Dec 15 1938 Mar 15 1939 June 15 1939 Sept 151939 Dec 151939 Mar 151940 June 15 1940 Dec 151940 Mar 15 1941 June 15 1941 Dec 15 1941 100.4 — 101.11 101.9 101.19 101.21 101.27 101.29 101.3 101.5 Tuscaloosa— 5s W W 1939-1957 5 Ms Xb July 1938 1014 101.6 100.8 . 3s May 1*56 opt '46.M&N 3 X sMay l'55opt'45M&N 48 July 1 '46 opt '44--J&J 4s 1958 opt 1938—M&N AXs 1958 opt 1938-M&N 101.13 103.26 104 102.18 102.22 101.1 101.4 4.00 Hawaii Terr 4 Ms 4 >4s Jan 1945 4~Ma '3§-'50-M&S 103 X 110*4 101X 103 X 6 3.25 3.00 b 1.00 to 3.25 b 2.00 to 3.00 '49-M&S 15 6 2.90 6 2.75 2.50 6 1.00 to 3.00 >|s Nov Philip Isls 4Xb 1952 4 >48 1950-4 >48 1957— M&N 4 >4s Oct 1959 6s April 1955 2.75 113 115 6 1.00 6 2.10 to 6 1.90 6 2.00 to 2.30 3.10 4s 103 95 105 97 100 101 105 108 91 94 92 3.80 100 100*4 104 107 3.50 to 3.50 104 106 110 o J&J 3.25 3.60 106 Turlock Irrig Dist 6s 102 West Side 110M 6 3.75 3 6 3.50 3.30 109*4 98 6 3.60 July 1,1956 4 X8 1942, 1946, 1949—M&S 6 2.25 4s pub highway 1949-51-M&S 6 3.25 4s refunding 1941-54 —J&J 6 2.25 3 Ms refunding 1955-65—-J&J 6 3.20 State Bridge Corp 4s 1938-51 100 Bridge Auth. 4s, July 1, '57 88 Anniston ref g 5 >48 Dec 11939 102 5s schools 1938-1947 J&J 102 Bessemer 6s pub impt '38. J&J / 78 _ — less 1 less 1 84 85 87 90 Moffat Tun Imp 4.50 4.007c 4.50 4.50 4.00 4.25 102 Birmingham— 3Ms impt ref 1939-50-J&J 6 2.25 4s 1938-1941 A&O 6 2.00 A&O 6 3.25 4>4s 1938-1960 —A&O 6 2.00 5ssewers Sept 20 '41..M&S 3.25 Florence refunding l-4s 33 2.00 3.90% 1.25 to 1.25 to 2.80% 2.90% 2.80% 103 Par to 0.65 to 80 0.65 to Par 0.50 to 4.00 to 3.00 34 bid side. to 1.80% 2.70% b 2.90 2.75 b 0.75 to 2.40 b 0.75 b 1.50 to 2.10 b 2.30 to 2.40 b 2.10 to 2.40 b 2.40 2.30 to 2.00 2.50 2.40 2.00 to 2.25 128 —J&J 118 to 124 125 123 116 3.20 to 2.75 to 1.50 to 6 2.00 to 1.00 to 1938-'52. A&O '38-*50 J&D 0.50 to 2.90 0.50 to 2.85 Bridgeport 4 Ms 1938-65 -.T&J High Sch 1938-63 .J&J ♦4s 1938-1968 ---F&A 0.50 0.50 3.00 % to 3.00 % to 3.15 0.50 to 2.00 Bloomfield 4*4s 2.95 2.10 % 2.40 2.40 0.50 3*4s improvt 1938-41--J&J ♦5s Construc'n 1938-49 J&D Bristol 4*4s Water 1939-J&J ♦5s July 1, 1938-55 J&J %% to | 0.50 to 2.80 0.50 to 0.75 2~80 % to 2.50 1J5 1938-45.-J&J Danbury 4s 1946 taxable.J&J ♦4*48 1938-65 J&D 3*4s Fund 1941 tax'le.A&O ♦Cheshire 4 Ms to 1.50% 2.50% Fairfield % % 2.40 2.50 0.50 to 3.00 % % 1.90 % 2.00 to to 2.90% 2.75% 2.85 % to 3.30 to % 99 57*4 55*4 3.25 to 3.45 to 3.25 to 2.00 to J&J M&S 6 0.65 6 0.70 6 0.75 to 3.45 - 101*4 102*4 6 1.00 to 3.15 to 3.75 ser 6 0.50 97 6 3.00 J&D 6 0.75 J&D 6 1.50 to 3.75 3.65 98 to 3.35 to to 2.25 to 3.00 City High Sch Dis b 0.75 _ lXs 1938 to 1950.----J&D Glastonbury *4 Ms '38-58-J&J % 3.15 % ^to 3.00 % 0.50 to 2.10 0.50 to 3.25 % % *4X8 1938-1942 M&S 4X8 March 1,1938-1951-— 0.60 0.50 to 2.00 % June 1 '38-60 0.80 to Greenwich— Groton S D 4 Ms to 2.90 % 3.00 % J&D 1,1938-39. High Sch '38-'55—J&J *4Xb 1939-1960M&S 1.90 to 2.30 ♦4s Water June 0.75 to 1.25 0.75 to % to 3.00 % Hartford 1.50 M&N 6 0.75 to 3.35 5*|s M&N 6 0.75 to 3.45 F&A 6 0.75 —J&D 6 0.50 to 3.40 to County— Metropolitan District 2 Xb Wat Sup '38-77M&N b 0.50 (School District) Hartford ♦4*4s 1938-1947---M&S ♦4*48 Northeast 1959-J&D 4 Ms 2d North 1944 J&J 1.00 to 3.05 ♦3 *4s South Sept 1955.M&S ♦4*4s Wash't'n '41-47.J&J Klllingly (Town)4 Ma'38-56J& J 2.50 % 2.95 % 2.35 % 2.45 2.75 2.60 % 2.00 to 0.90 to 2.90 % 1938-1944 M&N 6 0.75 Manchester 9th School Dist— to 2.30 % Manchester— 2,50 % s *4 X8 M&N 4Xb 1938-1951 Meriden (City)— 0.50 to J&J b 0.50 to 2.35 % 1938-55—M&N 6 0.50 to 1.30 % Bldg 1948---J&J b 2.65 1938-1952 F&A b 0.50 *4Xa 8chool 1938-'52-F&A b 0.50 4*4s Water Aug 1941—F&A 4*48 1938-1969 F&A & 0.50 ♦4*4s Sch Aug '38-'43.F&A 6 0.50 ♦4s Park 1938-1943—F&A b 0.50 2.55 4.54s 1938-1943 Middlesex ew 3.00 % County— l>4s Bdge Britain (Oou . 4s Munic - 2.60 % Bid prices for long and short maturities. % % 3.00 to 3.15 % 0 to 2.90 to 2.90 _ 5Xa 1938-1954 Nov 1938-60 5s 1938-1964 4s 1938-1945 ^ to Hirtfjrd— % 3.35 to 2.50 to 3.35 to 3.40 to 3.35 - M&N 1938-1951 (County)— to 2.80 ♦4s Water 1940-45 6 0.70 6 0.60 *5X8 0.75 2.90 ♦4s to 2.35 6 0.70 6 0.60 M&N M&N 4X8 Sch 1938-49 4*48 Sch 1950-59 4.50 —... - Los Angeles b 0.75 to to 2s 1938-42 3s 1943-49 3.75 b 2.00 to 0.75 — A 1938-77.-J&J 3 Ms ser B Jan 15 *77 J&J 3X8 1948-58-. J&D 80 1.50 to 1.10 East Hartford Fire District— Irrig Dist 5s 3*48 1.60 0.60 Branford (T) 4 Ms 3.00% 2.50 % 2.40 % Electric Plant Revenue— Ref 4s 1939 to 1975-J&D 6 1.40 3 Ms 1938-77 J&D 6 0.75 103*4 3.00 4.00 Municipal 1938-61 F&A 5*4s Harb Imp '38-*61 M&N 3 Ms Wat Rev '38-'48—J&J 3*48 Sch Dist 1938-61—J&J 90 on 3.05 to 2.40 % 5s 104 t Less 1 2.80 to 115 to 4*43 1938-1968 1938-1969-.. 101 3.00 to 3.90 2.80 to 3.35 to 120 0.25 0.75 4 *as 3.10 to to East Hartford (Town)— 3*4* Water 1938-41—A&O 4X8 Water 1938-70.—A&O 4*48 Sch 1938 -1944—J&D 3.70 3.10 3.10 to 3.10 to 3.35 3.10 to 2.80 J&J J&J J&J 5s 1974-1983 103 104 to to 3.00 f 78 to D 5*4s 10 i/t-1963 5Xa 1947-1956 5XB 1964-1973 4.00 6 1.65 1940-1962 2*4s WatWks 1956-76 M&N 6 2.95 3*48 Water wks 1952-75— 6 2.95 3.40 — to to 1963-1972 opt 1955.A&0 2X8 Sewer Disp'47-'56A&0 2.60% 4s 3.25 to 3.30 to 2.30 93. page 2Xb State H'way '39-'54.J&D 3s warrants 1939-1951 -J&D 2 Xb warrants 1952-'54. J&D Colorado Spgs4s Mar 1 1941.. 4*4s 1938-1939 J&J Denver (City and County)— 4 Ms Water 1944. -J&J 4Xa Ref Wat 1938-67-J&D 4 Ms Water 1962-1965.J&D 5 D No 1 4 Ms 1938-53 J&J S D No 1 4*4s 1938-47. J&D 4s July 1941-1945 J&J 3.65 % March 1. 1950-54 _ _. 2X8 Sew dist 1947-56.A&O 3s 1963-1972 opt 1955. A&O 3 Ms Mun Water Her,ire 101 to 3.25 to to ftt4.00 / 24 Irrig Dist 6s CANADA—See 110 1938-52--A&O 6 0.75 Berkeley 5s 1942-1951 J&J 6 1.65 5s School 1938-1955 -60>75 J&J East Bay Mun Util Dist— Par 5s 1938-1974 J&J 96 East Contra Costa IrrigDist 6s Golden Gate Bridge & H'way3 Xb series O 1942-1971 J&J 6 2.25 Imperial Irrigation District— 56 Refunding os 1983 J&J 54 Refunding 5s 1983 Los Angeles (City)— to 3.00 to 3.30 to 3.15 26 - 109 to to 3.40 103 — 106*4 110*4 4s renewal Tax-free In Connecticut, to 1.60 70 Par to 3.35 1943—F&A 4Xb gold Aug 103 Bakersfield 5s 3 >4s renewal class C 1956. J&J 6 3.40 4 >4a harbor impt June 1 *38-'73 6 1.50 4 >48 highways 1952.....M&S 6 3.20 4 >4s 1956 and 1959 M&S 6 3.40 * to 2.60 to 2.55 103 103 102 to 2.30 to 2.35 to 101*4 101 >4 2.40 0.50 to 3.15 0.25 Alta 107*4 J&J 6 1.00 5s funding Dec 1 1947 2.90 3.00 3.00 Santa Barbara 5s '38-41 -JanlO b 3.75 b 3.80 6 2.00 to to '38-'46 J&jD 6 0.75 Diego 5s W W '43-'54A&0 6 2.30 5s Water 1938-63 J&J 6 0.60 5s Municipal 1938-1960 J&J 6 0.60 5s School 1938-1966-_-F&A b 0.50 4*4s Wh & Har '38-'52.J&J 6 1.00 b 0.50 4*48 Water 1938-1964 3 Ms g July 1, 1938-44.-J&J b 0.50 San Francisco (City & County) 5s Water 1938-1969 J&J b 1.00 4*4s Water *57 '58, '59-J&J b 3.00 4*4s 1938-1951 J&J b 0.50 4*4s 1938-1951 M&N b 0.60 4*4s Water 1938-1977.-J&J b 0.50 4s Water Distrib 1938-53— b 0.75 4s W .t Distrib '38-"63 J&D 0.75 San Joaquin Co 5s '38 '49. J&J 0.75 93 3.90 > to 0.60 Sacram'to Co 4*4s 96 b 4.00 to 1.85 0.65 0.60 San 100 94 0.50 1938-42 J&J 1938-51—J&J15 1938-53 J&D Riverside Co 5s '38-'54-M&N Sacramento 4s Jan '38-'45 Opt 4s 0.25 103 108 >4 J&J 2.00 to 2.30 F&A 1938-1954.F&A _„s ALABAMA 4s 1942-1961 Feb 1 103 to 104 X gold 1953.—. J&J 1943— 5s July 1954 opt 2 Ms 1938-1946- s 102 5s July 1948 opt '43 J&J 107*4 5s Jan 1 1950 opt *44—J&J 6 3.30 - Veterans Welfare— 3s Feb 1938-1952 Feb 1 1938-54.—F&A Alameda 4s 1938 to 1941 .J&D 4*48 Mun Imp *38-'48-A&0 Puerto Rico— 4 >4s July 1952 4 >4 s funding 1963 4*4s Univ Bldg Jan5'38-65J&J 4*4s Highway 1938-48-J&J30 4*48 1938-1947 F&A 4*4s Olympiad 1938-71--J&J2 4Xb 1938-1952 F&A 4sHarb Imp 1985 opt '50. J&J 5s Jan 2 1941-1943 J&J2 4s Jan 2 1944-1948 J&J2 3*4s Jan 1 1940-1949 J&J to 2.50 100 5s Feb 1952. 5 >4 s Aug 1941 3.10 to CONNECTICUT J&J J&D 5*48 1945-1964.. 5Xa 1950-1969 102 J&J to 0.50 St Francis Levee Dist— 110*4 15 *38-'56-M&N 15 4*4s Oct 1956 opt '46 A&O 4Xs Nov 151938-58—M&N 2.10s July 20 1941-1945 1.70% refdg 194(M4_M&S 1.75% refdg 194Q-44-M&S 4 0.75 Redlands 5s Little Rock— 103 SESSI ONS 2.00 Pasadena CALIFORNIA TERRITORIES & U S PO Honolulu (City & County) 5s Pub impt 1956—J&D 15 5s Jan 15 1938-'56—J&J 15 3 *4s Sept 15 1940-53.M&S .90 to Riverside 5s 85 4*4s Fund 1941-50—M&N 4s Water Rev 1938-76.F&A Little Rock S D 4s *38-'55 M&S 102*4 3.00 to 2.20 0.60 F&A 4*48 193 8-1965 102*4 88*4 101*4 101*4 101*8 101 to 3.15 to Orange Co 5s 1938-45—M&S 68 64 101 84 Highway Highway.4*48 Highway Bonds 101*4 101*4 101*4 to 3.30 Oakland S D 4s 1938-44-J&J 83 4 Xb 4 Ms Hot Springs Loan to 6 ARKANSAS 103.24 103.26 6 2.00 97 103.30 103.22 3.30 Phoenix Un H S D 4Mb 1948 100*4 Prescott 58 1948 J&J 108 Tucson 58 Water 1950 J&J 6 3.50 4*4s W Mar 10 1938-.M&S 6 3.50 100.16 101.10 to 0.60 ARIZONA lome Loan Banks— 2s Dec 1940 6 2.25 J&D 6 2.70 6 1,00 1946-1961 Modesto Irrig Dist 6s Oakland 5*4s 1938-43--F&A 6 0.75 4*4s Mun Imp *38-'43-F&A 6 0.75 less 1 School No. 1 5s 1945—J&J 6 4.00 less 1 Highway 6s Jan 15 serially- 6 4.50 hoenix 4>4s '50 opt '30-J&J 6t 3.50 3.50% 4*4s 1938-1956 --J&J 6t3.50 3.50 4*4s Court Hse *38-'48-J&D 6f3.50 3.50 6s Jan 1 1946 J&J 6 3 75 less 1 less 1 5s Jan 1 1954 opt 1934—J&J 6 3.75 5s W W 1938-1950 J&J 6 3.75 less 1 1X %,oons deb Apr 11938— 100.10 100.13 Federal Farm Mtge Corp— 3 X % int & prin guar '44-'64 3 % int & prin guar 1944-'49. 3% int & prin guar 1942-'472 k % int & prin guar '42-47 1X % int & prin guar 1939— Instrumentalities of U S Govt Federal Land Bank—Farm 3s July 1 '55 opt '45.J&J 3s Jan 1 *56 opt '46.J&J 100 Maricopa County— 101.6 101 98 4s 3 Ms Jan 1 1938-1960 Losing Co 4*4s '38-'49—F&A 6 Net COLORADO 103.19 103.21 101.20 101.22 101.5 98 25 Tuscumbia refunding l-4s. 101.13 101.5 106 102 96 Ask Bid Bonds 101 -— 4s 101.18 101.15 100.26 100.28 100.11 100.13 101.23 101.25 102.29 102.31 101.19 101.21 101.16 Mar 15 1942 104 To or Net 100 serial 4Xs 4*4s 101.21 101.19 J&J Ask 100 6s ref pub impt '38 '53 M&N 6 101 t Tuscaloosa Co 6s Bridge 1941 6 3.50 6 3.90 5s Road 1957 Tuscaloosa (City)— 101.14 102.15 101.12 101.14 101.12 101.14 101.26 101.28 101.12 102.13 Sept 15 1942. 1%% De 15 1942... Dec Home Owners' Loan Corp— 3% prin & int guar '44-'52 2h % prin & int guar *39-'49 2 X % prin & int guar '42-*44 2% prin & int guar 1938— 1*4% prin & int guar 1939., Bid dadsden 6% impt long mat— 5s schools 1938-40 A&O Hunstville 5s funding Mar 1'42 Pub Imp ref 5s 1938-1962— Jefferson County— 116.28 112 Yield Basin To or Net 5 Basis. /Flat price, n Nominal. to 3 .20 to 2.10 to 2.10 %' % ?M % % % 92 AND STATE MUNICIPAL BONDS Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Yield Basis Bonds To or Bid Ask Akerohus ♦4s Apr 2, '40 tax-oxpt A&O 6 1.00 *4Xs 1943-1952 6 2.10 *5s 1938-1951 J&J b 0.75 ♦4Kb Sch March 1938-1953- 6 •4Mb Improv't '38-'39--J&J b 3Ma 1938-71 A&O b b b Extl b 1.50 3.00 to •PlainfIeld(T)4MV38-'57A&0 b 0.50 to 3.00 to 2.60 ♦4Ms Sch 1938-1965—M&N 4Mb High Sch 1939-'59 J&D to s 104 M 104 100 — to to 2.40 to 2.75 to 2.75 J&D b 0.50 J&J b 0.75 to 1.90 16 8 6s June 15 1958 J&D Bogota (City) extl 8s '45.A&O Extls f 6Ms 1947 A&O to 3.25 b 0.50 0.50 to 2.60 W HavUSD *4 Ms'38-'56 lU&N 0.50 to 3.00 Westport 4Ms July 1 1938-60 0.60 Weston (TMMs '38-'45.M&N b 0.60 Windam (Township)— to 3.00 b 2.50 to 3.00 b 0.50 to 3.25 b 0.90 to 2.90 b 3.00 to 7s Oct 1947 Bolivia (Rep) 3.30 2.10 to % 2.40% . J&J 0.50 to 2.15 % J&J 2.15 to 2.85 % DELAWARE 2Mb April 1 1938-1947.... 2Mb April 1 1948-1957—. Extlsf 6Ms Extls f6Ms 5s of 189 5 5s of 1913 18M 105 104 H 100M 1B8 20 20 17 22 65 64 50 59 9 23 to 3.00 b 0.75 to 2.90 b 2.60 to 2.75 2.50 2.50 44 47 106 100 95 to 3.50 6 3.75 to 4.10 Hillsborough Co 5s Oct 1 1943 Hillsborough Sch Dist No 4— 100 98 112 3.85 % 103 101 Jacksonville— 5s Jan 15 1938-45. -J&J 15 6 2.50 5Ms Jan 15 194045. J&J 15 6 3.50 6 3.25 Lakeland 6s. to 2.80 to 4.00 3.00% 63 f 60 102 Water & Light 5 Ms 1940-50 Leon County 5s July 1 1938-40 6 2.75 5b July 1 1941-55. 6 3.50 Marion Co Road 6s 1952 100 Road bonds 5s 1952 98 105 to 3.50 to 4.25 105 100 Miami— Refunding 5b 1964 88 — M&N 6 M&N 6 90 3.50 4.50 2.75 4.15 4.00 83 Ref 4Mb non-opt 1947-56— 6 4.25 New Smyrna refunding 80 Orlando— Refunding 4s 1938-62.F&A Orange County 5s 1944..J&J 5s 1952-1953 J&J 5Ms 1945-1950 6s 1940-1950 Palm Beach (City of) 5s—— Pensacola 4M8ref 1941..J&J — 5s 1958 98 100 4.25 6 4.50 6 6 4.75 4.80 4.85 4.15 3.90 Extl f 6s s s s 99 103 100 104 ... 88 to 3.75 73 60 104 104 59 4.75 4.25 - 100 4.00 98 West Palm Beach— 48 Refunding 2-5s 50 Agricul Mtge Bk (Colombia) 6s (Feb '35 coupon on) .1947 13 6s (Apr '35 coupon on) .1948 13 7s (Apr '35 coupon on). 1946 f 12 7s (Jan '35 coupon on) .1947 / 12 Connecticut, t Called Jan. 1 at 100. 9 11 l\% 13M . _ "7 Prov & Comm Graz(Mun)Austria 8s'54M&N 12 7 6s 6s part paid 1968 1968 29 H 29 26 F&A F&A M&N 22 1953. A&O 26 42 46 88 M 85 Guatemala 8s 1948 Haiti (Rep) 6s extl 1952.A&0 I* 30 ^io?' Gt Brit & Ireland—See British Greek Govt s f 7s 1964..M&N 7s part paid 1964 M&N 59 14 Bks (Con Agr Loan)6Ms'58 J&D 93 W' 21 31H 6s 1st series 1957 F&A 6Ms 2nd series 1949—F&A Havana—1st 6s 1939 Q-J 20 22 20M 21M Gold 27 M 25 M 35 6s Hellenic 20l 17 17 97 X 17 15M 15 H 15 M 15M 15 17 17 40 Dec" i8 13 20 24 Lima 100 ' 19 18 80 27 H 75 66 n 81 67 M 80 59 61 55 65 59 22 (City) Peru— Stamped it Last sale. li 75 M 63 Nominal. .... 11M 14 104M r 21" Ext b f 7s 1958 M&N / Medellin (Munic) (Colombia) 7s extl Dec 1 1951 f 6 Ms 1954 / Mendoza (Prov) Argentina— 7Ms extl s f 1951——-J&D 86 59 114 54 66 1954 1954 ' Luneberg (City) 7s 1948.M&N Maranhao (State) firazll- 81K 18 18 57 M ' Extl s f 6 Ms 1958—M&S / Lower Aust (Prov)7Ms'50J&D 62 23 M ' 97 % 52 % 75 82 19 (Greek) See Munich Bank Hungarian Cons Munic Loan s f g 7 Ms 1945 J&J Extl s f 7s Sept 1946—J&J Hungarian Land Mtg instit'n Mtg 7Ms 1961 ser A-M&N Sf 7Ms 61 ser B($ bds)M&N Hungary (Kingdom)— Sink fund g 7 Ms 1944.-F&A Irish Free State 5s 1960.M&N Italy (Kingd) extl 7s '51.J&D Prestito Redimibile 3 Ms Ital Cred Consortium for Pub wks ext 7a B'47 M&S Pub Util Credit s f 7s'52J&J Japanese Government— 5 f 6Ms 1954 F&A Extl s f 5Ms 1965 M&N Oriental Dev Co 6s'53_M&S Orient Dev Co 5Ms'58M&N Jugoslavia—See Mtge Bank of Leipzig (City of) 7s 1947F&A 17 13 99 M Republic Hessen. 17 45 ii. f Flat price." 90 Wat Wks ext 8s 1952 / 77 Helsingfors (City) Finland— Extl s f 6Ms 1960 A&O 105 H 18 J&J 90 Sec 12 J12 H -F&A 22 . Heidelberg (Germ) 7M8'50J&J 17M 40 A&O 19 Q-J 13 14M 14 M 14M 14 H 13 M stamped 1957... St 6M 18 German (City)— 6 Bas: 27 6M 8M 26 16M 16 M 16M 16M 16M 16M Rep 6s 1961.-J&J f 7s 1942 28 25 coupons Dec 1'34 stp June 1 *35 to June 1 '37. 13 76 stamped 1937 Cordoba (Prov) Argentina— s 33 M 32 26 16M Copenhagen 5s June 1 '52 J&D Extl g 4 Ms 1953 M&N Extl 35 — Young _ f 7s 1957 38 36M 10M 4s s 27 6s 1946 A&O Hanover (City) Germany 7s'39 Hanover (Prov) Germany— ff 20" Cordoba 23 M "30M Hamburg (State of) Germany 5 Sink fd 7s (of 1926) *46 M&N Sinkfd 7s (of 1927) '47 F&A 21 25 H 17 2d J&D A&O 24 Apr.15'37^. Apr. 15'35to 34M 25 , Hukuang Rys 5s £ J&D 15 Coup No 39 due Dec 151930 Coup No 38 due June 15 '30 Cologne Germ'y 6MS'50-M&S fk Bk 20-yr sf 6Ms 1947 100 26 / M&N 6s Oct 1961 1946 Colombia Mtge 98 40 Dawes coups Dec 1934 stpd 72 M 53 M 102 58 July to Dec. 1937 Scrip W* 70 6s A&O - lODlS 69 X H 123 37 35 M 26 '61-J&D31 ... 6% notes 1931 6s stamped 1931 Chinese Government— /7s CITIES 3 '57 J&D31 Extl FOREIGN GOVERNMENTS J&D 13 Colombia 57 Tampa— 5b June 1955 opt '25— .J&J 98 5s W W Purch '38-72.P&A 6 4.50 4Mb Impt 1937 96 J&J 6M 6M J&J M&S M&N S f gu 6s 1961— 6s 1962 24 .... Sink fund ' Petersburg— Refunding— 3-5s Oct 1 1972 Suwanee Co Road 6M® 1946— 6 59" Jan to June 1936.. July to Dec. 1936 Jan to June 1937 56 H 4.40 4.50 7s unstamped 1949 Default coups July-Dec'33. Jan to June 1934 July to Dec 1934 23" 6 Sept. 1961—M&S Extl Ry ref 6s 1961 Extls f 6s 1962 Extl s f 6s 1963 99 H 112M July to Dec 1935 69 A&O 1960 loan of 1965 J&D / 25 M Ms unstamped 1965 21M 20 Stpd(Canadian holder)'65 30 M German Extl 7s '49 stampA&O s Jan to June 1935 69 f 6s Feb 1961 —F&A f 6s 100 X 85 199 69M 7% assonted Extl f 98 Int ctfs of dep Jan 1 1938 German Cons Munic 7s'47 F&A f 20M Cons munic 6s 1947..J&D f 20 M German Govt Internat— 76 56 Chilean Cons Municipal LoanExtl s f 7s 1960 ser A..M&S Chili (Rep) ext 7s 1942.M&N Extl 31M 70 A&O / 1951 sou 99 M r 76 Cent Agricul Bank (Germany) Farm loan 7s 1950__M&S15 Farm loan 6s 1960 J&J15 Farm loan 6s I960—A&015 6s series B 106M 106 85 J&D / Central Bank of Germany— 6s A 1952 F&A 105 M 92 M 72 A&O f ctfs 1938.A&015 25 108 M 80 70 (Colombians f 7s '47.M&N _ —.... 22 Oallao (Peru) 7Ms 1944—J&J Carlsbad (City) s f 8s '54.J&J Gauca Val (Dept of) Colombia Ser A int 23 20 of 1949 stamped .J&D ext Funding 3s 1946 28 . 4.60 6 6 Pinellas Co ref highway 86 Polk County 5s July 1 193840 6 3.00 St Augustine 54s stam'd 1955 70 5Ms & 6s imp 1937 55 F&A 8t Johns Co Road 5s 1946 100 Road 5Ms 1944 101 Tax free In 99 M 111M 71M Extre-adi 4M4Ms'75M&N 53 Extl s f 4s $ bonds 1984.J&J Bulgaria (Kingdom) Sec s f 7s 1967 32 M J&J Stabll loan 7 Ms 1968.M&N / 33 6M Caldas—Exts f 7Ms 1946. J&J 10M Call 7 Ms 1946 Extl sec 7a 1948 Ceara (Brazil) 8s 1947 20M f M&N 7s plain 1949 7 Ms ext 1941 stamped J&D 7 Ms plain 1941 German Conversion Offer— 101 * 110 108 " Extl re-adj4 M4 Ms '76A&0 92 Miami Beach— 5 Ms 1938-1939 5 Ms 1940-1950 J&D 111 96 7s 21 F&A f 6s 1950 100 f f 6 Ms 1953 s 34M 99 M 107 M French Government— 23" 99 % British 4s 1990 opt '60—M&N Brit Hungarian Bk 7 Ms 1962. 104 % Extl 14 18 20 M (Rep)—8sA'48 J&J Certificates of deposit Estonia (Rep of) 7s. 1967 J&J Finland (Repub) 6s '45.M&S Frankfurt-on-Main (Germ)— 7s 1938-1945 A&O 38 M 20 59 Duisburg 7s to 1945 14 M&S 50 104 19M 50 El Salvador 14 - Refunding bonds Refunding 2.60s Jan 1 1957 5s of 1957 5 f 5s 1958 45 2.25 19 58 H ext 2d ser 1969 " 15 Bud'pest(Oity)6sJ,n'35coup'62 Buenos Aires (Prov)6s'61 M&S 6s stamped 1961 7s stamped 1952 7 Ms stamped 1947 6 Ms stamped 1961 Scrip Exten 6Ms 1955 ser B.J&J Readjust 4M4Ms '77.M&S Ref s f 4M4Ms '76—F&A 1.25 7 23 59 50 ser 21 Dortmund Munic 6s 1948 Dresden (Ger) ext 7s *45 M&N /fc20M Dec.24 Duesseldorf 7s to 1945 20 M : 52 s r s 3H 3M 37 M b 0.75 30-yr 22 3X 50 1969 5 Ms of'26 ext 1st 6Ms of '26 63 K 63 M 50 5 Ms of *22 ext 1961 2d series 1961 21 10 to 2.25 100 50 10 10 b 0.50 63 105 M 101M 2nd ser 5Ms 1940...A&O Customs Administrations— 15 (State) 7s 1935.-M&S 102M 102 M Bank of 15 6s 1940 Brisbane (City) Australia— 103 K 117M 100M 23 M 11 Bremen 6M 105 50 '/ 11 to 3.00 102M 72M 72 100 J&J 50 5!K Funding 5s 1931-1951 Funding scrip 1937 Dominican Rep 5Ms '42.M&S 2d Series 1942 5Ms Cust Adm 1940--A&O 11 4Mb of 1883 4 Ms of 1888 4s of 1900 4s of 1910 4s of 1889 5 Ms 18 M 108 105 11 to 2.50 Duval Co Road 5s 1955 109 Duval Co School District No. 1 5s 1938-1955 6 4.25 Escambia Co 6s Aug 15 1951. 100 Gainesville 5Ms July 1938-40. 6 2.75 ♦ (1927) '57.A&0 b 2.50 New refunding 2 M-5s Dade Co 5s Oct 1947-54.A&0 Ref 3 Ms 1940-1947.; Dade County (School No. 2) AND (1926) '57.A&O b 2.40 Brevard County School Tax Districts No. 4 6s 1938-55— Columbia Co Road 6s 1955.. Coral Gables— 5Ms July 1941-1975 21 18 18 M to 2.35 FLORIDA St 5 to 2.00 4Mb 1938-1950 (s-a)..A&0 b 0.50 to 5s 1947-1949— A&O b 2.25 to 4s 1938-1941 A&O b 0.50 to 4s 1942-1948— A&O b 1.50 to _ 3 20-year 4MsBldg—Con'53-'62 M&S „ 3 6s 1940 A&O Brazil 8% ex 1941 J&D 7s Cent Ry elec 1952—J&D b 2.05 Wilmington— ^ J&J M&S b 0.50 2Mb April 1 1958-1966 Kent Co OMs 1945-1950-M&S New Castle Co— 6 Ms 1938-1944 J&J Sussex Co 5s 1938-1970— J&J 4Ms 1938-1953 A&O 3M Ext 8s '47 M&N Extl 7s 1958 s f 7s 1969 :o 20 A&O Extl 103 M 102 Cundinamarca Dep (Colombia) Extl s f 6Ms 1959 M&N / 5M Czechoslovak Republic— Ext s f 8s 1951 ser A..A&O 103 Ext s f 8s 1952 ser B—A&O 103 Danish Cons Municipal Loan 5Ms 1955 ....M&N 100M 5s 1953 99 H F&A Danzig Port & Wat Ways Bd ExtTs f 6Ms 1952 51 J&J Denmark ext 6s 1942...-J&J 105 Ext'l 5Ms 101 1955 F&A Trust rets 4Ms 1962 A&O 15 99 % Denmark Mtge Bk—See Mtge 10 Bogota (Mtge Bk) 7s May '47 / 20 to 3.25 4Mb July 15 1938-66 J&J 4Mb 1946-1953. J&J *4 Ms Water 1938-64.—J&J 5s Water 1938-1951—M&N 5s Water 1952-1971.M&N15 West Hartf'd 4 Ms 1943—J&D 4Mb Mar 15 1938-48.M&S 4B 18 103 95 Serial Barrauquilla 8s 1935-40-46-48 / 13 Bavaria (Ger'y) 6 Ms *45. F&A / 20 H 2.05 % Bavarian Palatinate 7s 1945— f 16M 106 % 1.00 Belg Govt extl 6 Ms 1949 M&S External s f 6s 1955. 104M J&J 2.75 Extl sf 7s 1955 114M J&D 99 % 2.35 Bergen, Nor Ex.sf 5s '60M&S 16 Berlin 6Ms 1950. A&O b 2.50 1938-1942 1942-1952 18 15 M&N 5MsPubWksJune30'45J&D * 4s 11* 15 Cuban 5s 1944 opt 1911—M&S Extl g 4 Ms '49 opt F&A Extl g 5s 1949 F&A Extl s f 5Ms *53 J&J 15 to 3.00 0.60 W*2HbSUi?50-1962J&D \lK Funding 5s 1951 5s 1957 M&S Extl 4Mb 1956 M&N Austrian Govt 7s 1957 J&J 103 Baden extl s f 7s 1951 J&J 20 M Bank of Colombia 7s *47. A&O / 17 M 7s 1948 A&O / 17 M to 3.30 0.60 Ask Costa Rica Pac Ry 7Ms 1949 6s 1949 . 0.50 •5)is%id"1938-'41.—J&J b Nov 1 1936 coupon on 22 Extl to 3.30 4Mb July 1 1939 J&J WaMngford (Town) 4Mb 1943. 1948, 1953 2.20 J&J 4s 1938-46 J&D b 0.75 ♦3s 1938-1942..... 4s Water 1939-1965 101X - S f extl loan 4s Apr '72. A&O Australia (Commonwealth)— Extl 5s July 15 1955.J&J15 _ b 0.50 J&D 100M f conv 4Mb '71-M&N S f extl loan 4s Feb '72.F&A to 3.00 Putnam (T) 4Kb,38-'46.A&0 b 0.50 •Ridgefield (T) 4 Ms Jan 1 '43 Stamford (O) 4s 1942...M&N Stamford (T) 4Mb '38-'45 J&J 0.50 Ms 1950-1962 M&N M&S Bid Costa Rica (Republic)— Extl sec s f 7s 1951— to 2.85 - „ *2 (Dept of) Norway. 1963 5s Anhalt 7s to 1946 to 2.90 Bonds Ask Antioquia Col (Dept of)— Extl s f 7s ser A 1945J&J Extl s f 7s ser B 1945-J&J 0.50 1.75 Extl s f 7s ser O 1945—J&J 2.70 Extl s f 7s ser D 1945-J&J Extl s f 7s 1957 1st ser.A&O 3.00 Extl s f 7s 1957 2d ser.A&O 0.60 to 3.00 Extl s f 7s 1957 3d ser.A&O 0.50 to 1.50 8s 1946 0.50 to 3.25 2.25 to 3.30 Antwerp (City) extl 5s *58 J&D 0.75 to 3.40 Argentine Repub— New London— ♦4Mb Imp 1938 M&S 4Mb Park July 1942--J&J 4Mb Water 1950 F&A Norwalk (O) 4s 1954-1964 3*/4B Sewer 1947-70. J&D16 5s 1938-71.. A&O Norwalk (T) 4Kb 1942-J&D 4Ms Sewer 1940-68 M&S Norwich 4Ha water 1939.M&S ♦4Ms 1938-1964 M&S15 4Ms Refunding 1939.A&O 1.80 Bid Bonds Net 10 22 7M 6 86 89 65 M 69 STATE JAN., 1938] AND Foreign Govts, and Cities (Concl.) Metrop Water Serv—See New South Wales f gtd 4M» Mexican Irrigation s MM»lT99 5 1045— "2M 5s assented 1945-—---- / 4s of 1904-1954 J&D / 4s assented 1954 J&D / Extl 4s of 1910 (£20 pieces) / £100 and £200 Treas 6 % notes £20 pieces 4 2M / Stamped assented 2 2 2% 2% 1M pieces— — f 3M 3M 3M 3M 5M '2a ext to 33 f £100 and £200 pieces—— ' Milan (Italy) ext 6 Ms '52.A&0 Minas Geraes (State) Brazil Extl 0Ms 1958 M&S Extl 6 Ms 1959 ser A. .M&S 5 A" H 64 M ff 9M OO *52. J&D / 55 A.M&N / 55 Mtge Bank of Denmark— 98 M Exch s f 5s 1972 ser IX J&D Mtge Bank of Jugoslavia— Secured s f 7s 1957—A&O / 42 M Nov '32-May '35 coupons. _ / Nov '35-May '37 coupons- f 53M 23 101 100 % 101M 101M 101 102 M Board 105M 106 K 106 H 107 4H8 extl sk fd 1956—-M&S 4Mb extl sk fd 1965—A&O Sk fd extl 4s 1963 F&A 104M 105M 102M 103 102 102M Bank 102 M Guar s f 5s 1970---...J&D Nuremburg extl 6s 1952. F&A / 19 Oldenburg (Free State) 7s 1945 / 20 Norway Municipalities 104 M s 1955-.-A&O 101 (City) 6 Ms 1952--- / 20 MS* 27 f extl 4Ms Panama &N ^Rep)ext5Ms'53 J&D fk 40 & 20 Stamped (National Bank)— 6 Ms series A & B 1946-47— Parana (State) Brazil 7s 1958- Pernambuco (State of) Brazil Extl s f 7s 1947 M&S Peru sec s f 7s 1959 M&S Nat Loan extl 6s 1960-J&D Extl s f 6s 1961 A&O Poland (Rep of) 6s 1940-A&O Stab'n 1 s f 7s 1947-A&0 15 Extl s f 8s 1950 J&J Dollar funding 3s 1956. A&O Sinking fund 8s 1961..-J&D S f 40-yr 7Ms 1966——J&J 7s 1968. F&A Prague (Greater) City— / 9M / / 11 10 / 62 * 78M 60 M ^ op 63 M 81 62 / 35 38 10 / / / 9M 8 8 — 10M 9M !!* 21 110 109 12 9M 9M 9M . 13 M 69 69 M . 10M 18* 38 / 33 1 Russian 6 Ms June 18 1919— Certificates of deposit— deposit — 30 (Mtge Bk) 6s ser A '47 M&S 6s series B 1947 A&O 20 Salvador 7s 1957 —J&J Certificates of deposit... 22 28 18M 12 4s scrip 8s 1948 36 1948--... Santa Oatharina (Brazil)— 8s 1947 F&A / San Paulo (Brazil) State of— 11 9 J&J M&S f 6s of 1928.1968 J&J Extl 8s 1950 Extl 7s 1950 12 Extl 10M s 8 Sees f 7sP1940"-.V.7-A&O r/- Santa Fe (Prov) 7s 1942.M&S 4s Stamped 1942 ——. Santa Fe (City) Arg Repextl 7s 1945A&O 64 M 71 - 5M 11 11 M&N 10 M&N 9M Extl s f 6Ms 1957.M&N 15 Saxon State Mtge Institution Sink fund 7s 1945——J&D / 19 Sink fund 6Ms 1946...J&D / 19 f 7s 1961 Sao Paulo Brazil 8s 1952 21 Extl 8s 1902 Kxtl 7s 1962 ser Extl (Proy) s of) ...M&N/ 31 B—M&N / 31M Poland— f 7s 1958 J&D / 56 H (Bank of the) 1st 6s 47 F&A / 27 M 95 Styria (Provof) 7s 1946..F&A Sydney (City) N S W— 103 M 25-yr s f 5Ms 1955 F&A 90 J&J b 1.25 to 2.20 2.80 J&D b 3.10 ref 1938-1945 Albany—5s 1945 Appling County— 6 3.75 to 4.25 2.50 6 3.00 6 2.25 2.00 to 2.90 99 % J&J 6 1.75 4Ms 1938-1956 J&J 6 1.75 Augusta—4 Ms Flood'42 M&N 6 2.25 Clarke Co 5s 1938-1944—J&J 6 1.75 Columbus—5s 1938-44—.J&J 6 1.75 101M 100M Cordele 6s W W 1938 2.00 J&J Bibb Co 4 Ms 1948-49—M&N 6 3.10 5s Water 1938-51 to 3.00 98 Crisp Co— Hydro-elec 5s '38-'57.F&A 6 3.25 1.75 Dougherty Co 5s '38-'48 M&S 87 M 95 M 100 M 4s Pav & Sew *38 to '39-J&J 110M 112M 112M to 2.00 to 3.50 Valdosta 5s 1938-1942 Jan 6 2.00 Ware Co 5s Road 1938-49 J&J 6 2 00 Watkins S D 6s 1938-50.M&N 95 54 M 54 M 54 M 52 M 52 M 50 M Woodbury 6s 1938-49 95 J&D 50 M 50 M 4 Ms Ref 50 M .100 100 100 1.50 2.00 1.50 2.25 1.50 3.50 ILLINOIS 100 95M 92 M 70 4s 4s Elec L & P 1941 A&O Lachine P Q 5s 1954 J&D Manitoba (Prov) 5s *44-J&D 2 102 105 104 106 87 85 76 90 88 Champaign 6 0.50 Bloomington— 4Mb water 1938-1961.M&S 70 70 Highway 1955-58 M&N 3M8 Emerg Rel "38-'47 Dec 15 3 Ms Emerg Ref '48-'54 Dec 15 Hamilton— 5s 79 Road to 1.95 6 0.75 to 1.80 6 2.00 to 2.50 6 2.55 to 2.60 6 0.75 to 6 2.25 to 2.45 1 to 3.25 % to 2.25 % Apr 15.1961 A&015 M&S 1955. 105 3s 1941-44. 102 106 M 103 M 101 102 M 100 100 101M 101M 3s 1957 opt '39-'40 3s 1957 opt '41-'42 3s 1956 opt 1945-49 3 Ms 1951 opt 1940 100 100 99 99 99 M 100 100 . to 2.50 % to 2.85 ...... 3s 1945-58 101 97 % 100 3.25 3 Ms 1952 opt 1945 3 Ms 1953 opt 1946 3 Ms 1955 opt 1951. 939 4slf~~ 100M 101M 101M .,3.00 '3. 25 6 1.75 4s 1940-1944 118 104 105 106M M&N 5s 1959 1944 M&S Jan 15 ,'38-'47-J&J 15 Jan *15 '48-'57.J&J 15 1938 .M&N 15 1939-1970 M&N 15 11.00 2.70% 3.00 % 3.10 % to 4s 1945-1948 119 102 H 102 M North Vancouver 5s '60.-J&J / 28 Nova Scotia (Prov)— Deb 5s 1960 3 tf&S 114M 106 M Deb 4Mb Sept 15'52 M&S15 Deb 4 Ms 1960 M&N 15 Ontario (Prov) 6s '43—M&S*5 5 Ms 1946 J&J o % 2.15 105 6 2.75 to 4s 1949-1950 call 1958.M&N 15 % % to 1.90 6 0.50 County— 1938-1943—M&N Chicago— to 1.85 6 0.50 103 M New Brunswick— 4Mb 4Ms 4Ms 4Ms 4 Ms to 3.25 100 111 f to 2.75 A&O —-A&O 102 s 3.10 to 5.00 4Ms ref 1940-45 4 Ms Road 1938 opt '27—J&J Boise City 4 Ms 1951 J&J 48 M 1938-1939 67 non 2.25 to 3.50 IDAHO 110 4Ms 2.25 4 Ms Cap Bldg 1938-1939.J&J 4 Ms Impt 1937-47 opt '30 50 M 101 ' 2.00 to 2.25 50 M 51 J&J J&J A&O J&D 4Ms May 1, 1945 M&N 4Ms Dec 15,1950—J&D 15 Montreal 5s Dec 1, 1945.J&D 5s s f Nov 1, 1956 M&N 4M8 May, 1954 4Mb Jan, 1944 J&J 4 Ms 1938-1939 A&015 4 Ms 1940-1951 A&O 15 4Mb June 1, 1971 J&D 4s May 1,1944 M&N 3Ms refdg May, 1939.M&N Metrop Co 4Ms '53,'54&'61 4Ms May 1, 1965 M&N Harbor Commissioners— 5s Nov 1, 1969 M&N to 3.00 1.75 Savannah—4Msref 1943.J&J 6 2.50 4Mb Drainage 1944 F&A 6 2.50 4 Ms Refunding 1959 F&A 6 3.25 2.25 Spalding Co—5s ,38-'49—J&J Swainsboro 6s 1938-50--A&O 6 4.00 111 49 2.60 to 4.00 Marietta 5s W W 1939—F&A 2.25 Pulaski Co 5s 1938-48 J&J 6 2.25 Rome 4s Mun bldg'38-'39 A&O 6 1.75 108 Vs 107 % 49 to 2.50 Macon— 102 % 107 Vs 51 2.00 to 2.75 to 2.75 6 3.05 to 4 Ms 3.30 1954 Board of Education— 104 31 3s 1957 opt 1939 3s 1957 opt 1941-43 99 M 99 3s 1957 opt 1945-47 3 Ms 1955 opt 1946 98 116 100 108 M 4Ms 1954 opt 1944 Chicago Park District— 3 M» 1956 opt 1946 99 M 99 3.15 2.90 116M 110M 117 M 116 117 120 4s 1955 opt 4s 1955 opt to 1.25 118M 111M 112M 4s 1955 to 109 to 102 111M 102 M 111 114 4s 1955 to~il6 105 4s 195.J Sanitary 48 1 955 4s 1955 100 M — 6 Par 1938-'39 6 2.25 1940-'44 — 6 3.10 opt 1945-'47 6 3.20 opt 1948-'55 District— 1.00 opt 1938-'39——-— 6 2.75 opt 1940-'44 6 3.10 opt 1945-'47— 6 3.20 opt 1948-'54 101M to to % 3.05% 3.15,% 3.30 % to 1.25 % 3.05 3.15 to 3.30 % to | to to "107 to 108 Cook Couuty— to 108 4s 1956 opt 1939 4s 1956 opt 1940- 44 6 2.25 to 3.05 1945-'47 1948-'53 6 3.10 to 3.15 6 3.20 to 3.30 %\ 6 1.25 to 2.50 % 6 1.25 to 3.25 % 9M 48M '66M 1941 M&N May 15.1938-43.M&N 15 May 15.1944-57-M&N 15 4s May 15.1958-68.M&N 15 Hydro Elec Pow Com— 4Mb Jan 1, 1970—J&J 2 Ottawa Oity 5s '38 '45 J&J 6s Munic 5s July 1, 6M 12M 11M 11M 11 to 113 101 to 120 1938-1956...J&J 101 to 117 1938-1944 J&J 1938-1942 J&J 4Ms 1943-1960 J&J Quebec (Province)— 4Ms 1950 opt 1945—M&S2 4Ms sf 1961 M&N Quebec City— 5s S F (non-call) 1900-M&N 4 Ms Saskatchewan (I'rovinoe)— 5s 1943 (non-call) J&D15 5s 1959 33 32 58 M 31M 104M 118 116M 100M — 22 M 105. Imp '38-'50—J&J 4 Ms 65 t Quotations per 100 gold rouble bond f 86 GEORGIA 106M 106 M Sllesian Landowners Assn— 94 102 Serbs Croats & Slov (King ■- 90 4s . Silesia 58 92 86 4s 13 14 80 8antiago(City)Chile7s *49 J&J 6s 1947 100 92 90 88 4s _ s 55 86 105 95 19 ' 57 stamped A&O Scrip.. Bantander (Dept) Colombia Extl s f 7s 1948— A&O 4s 1945 Extl 80 103 Verdun deb 5s 1954 Winnipeg, Man 5s '44.—A&O 4Mb non-call 1944 M&N 4Ms June 1 1940 J&D 4Mb June 15 1950--J&D15 4s Aug 1 1946 F&A16 80 86 83 J&J14 4Ms 1942 and 1967—F&A , 88 13M 10M 1936.J&J 8% external loan it* 40 — 8s ctfs of deposit 90 J&J 5s Jan, 1951 4 Ms Germany -J&J Jan 15,1957 July 16, 1958 Apr 1, 1961 June 1, 1967 4 Ms M 5M% ext loan Dec 1921— Certificates of A&O 15 5ssf 1955 & 1960 A&O Halifax N S 4s July. 1945 11M 9M 9M s Saarbrucken (City) Extl s f 6s 1953 49 M 61 94 87 85 4Mb Serv Comp '38-'43.Aug 1 4Ms Serv Comp *38-'43.Aug 1 4Mb Serv Comp '38-'44.Aug 1 4s Highway 1938-43 May 1 4s Highway 1945-54 M&S 25 8M _ 90 91 4 Ms / 49 / 49 / 49 / 49 Debenture 4s 1954 J&D / 47 99 Brit Col (Prov) 5s *48—J&J 15 99 5s Apr 25, 1954 A&O 25 95 4Ms 1938-1946 J&D 29 93 4 Ms 1947-1950 J&D 29 4 Ms s f deb Jan 23 '69 J&J23 91M 65 Calgary 5s July 1,1945.—J&J 67 Edmonton (O) 5s '45&'50A&0 4Ms 4Mb 4 Ms 4 Ms 10 9 F&A f Do Suf (State) f 8s 1940—A&O 7s extl s f 1966 M&N Extl s f 7s 1967 —J&D Extl s f 6s 1968 J&D Rome extl s f 6 Ms 1952—A&O Rumania (Monopolies) Institute 7s 1959 F&A 40 Grande Brazil ext "98" 88 , 25 11M 9M 95M 7Ms loan of 1932-52-M&N Prussia 6 Ms 1951—M&S 15 / 20 % 6s 1952 A&O / 20 M 107 H Queensland (State) 7s *41 A&O 107 % Ext g 6s Feb 15 1947 F&A15 Rio de Janeiro 8s 1946—A&O f 10 M Rio 60 61M 97 M 1% notes 1941 M&S 2 Ms Jan 15 1944 99M J&J 8-yr 2Ms 1943 J&D 101 10-yr 2 Ms 1945 F&A 100 M 97 M 20-yr 3s 1955 J&D 87 3s perpetual —M&S 95 3s Jan 15 1967 J&J 25-yr 3 Ms 1961 opt '56 J&J 100 M 15-yr 3 Ms, 1949 A&O 102 % 20-yr 4s 1952 A&O 106 % 30-yr4s 1960 A&O 108 M 15-vr 4 Ms 1940 M&S 106M Refunding 4 Ms 1944.A&0 HOM 5s Nov 15 1941. M&N 110 Refunding 5s 1943——A&O 112 5s May 1952 M&N 112M Alberta (Prov of)— 53 Gold 5 Ms 1947 J&J 53 Gold 5 Ms 1952 A&O Gold 5s 1948 J&J / 53 Gold 5s 1959 A&O 4Mb Jan 15, 1942—J&J 15 / Deb 4 Ms 1950 A&O 94 Brazil— Extl s f 6 Ms 1953 «Ms 1959 6s 1933 107 M var Athens—4MsJune 30 1943-. Atlanta—-4Ms Jan 1 1940-J&J 5s 1950 94 6MsserY4"6&,D6Msr48-,49 / Porto Alegre (City) 95 5s 1945 & 1940 var 5s 1950 & 1951 var 5s Jan 15 1970 91.42 (American Dollar Quotations) " Panama 5b 1940 & 1941 Road 5s 1949-53 105 Dec 103 Panama 103 22 ... Oriental Devel—See Jap Govt Oslo Net 100 106 Vancouver. B O 5Ms *39.A&O 5Ms 1952 F&A Dominion of Canada— 58 42 1944.-F&A f 6s s Ask 110 J&J 3 Ms July 1 1944-45 „ 53 M A&O F&A External A&O J&J 4Ms 1946-1961 4s £ July l 1948 6M CANADA < F&A / 20 New South Wales (Australia)5s extl s f 1957 F&A Extl s f 5s 1958 A&O Sf5Msl950 Norway ext 6s 1943 (Oity) 7s 1958—F&A/ bb% (Land M Bk) 8s 1941 / 57 Westphalia (Prov Bk) 6s 1933 / 26 6s 1936 / 26 Bid Toronto (Concl.) 51 % 59 M 99 M 52 Met Wat Serv & Dr Warsaw 5s 1941 / 19 Wurtemberg 7s to 1945-M&N / 20 lokohama extl 6s 1961.-J&D 53 52 — Munich Bank— Hessen 7s to 1945 Tokyo (Oity of) 5s of 1912— 5s of 1912 1952 M&S 50 Extl s f 5Ms 1961 A&O 58 Tolima (Dept of) 7s '47-M&N / 6 Trondhjem (City), Norway— Extl s fSMs 1957 M&N 101M tUnion of Soviet Soc Republics Gold 7s 1943 86.81 Uruguay 8s ext 1946 F&A / 53 % Extl s f 6s 1960 M&N / 49 M Extl sf 6s 1964 M&N / 49 M 3M-4-4M% extlreadjsf bondsof 1937-1979—M&S 49 Venetian Prov Mtge Bank— S f 7s 1952 ser A A&O 65 Vienna (O) extl 6s '52 M&N 99 M To or Bonds Net Ask Warsaw Montevideo (City) 7s Extl s f 6s 1959 ser 5s funding 1956 Second 5s 1956 Bid Bonds Net Ask To or To or - Yield Basis Yield Basis Yield Basis Bid Bonds 93 BONDS MUNICIPAL possible for the closing day of the month preceding the date of issue Quotations for all securities are as near as (non-call)....M&N J&J2 4Ms July 2 1945 4 Ms 19o5i 4Ms Mar 15 1660 .... M&S 4s Nov 15 1957 M&N15 Toronto 0s 1938-1940 J&J 5s 1940-1950 J&J 5s 1938-1939 J&D 5s 1940-1949 J&D 5s 1950-1959 J&D 4Ms 1938-1939— 4 Ms 1940-1941 4Mb 1942-1945— A&O A&O A&O equivalent to 77.4234 grams o*r>ur* gold 102 M 102 M 4s 1955 48 1950 opt 4s 1956 opt Elgin Sanitary Dist— 5s 1938-1944 Evanston S D No 76— 4 Ms Forest 110 109 110 109 111 104 106 June 1 74 69 69 72 64 l*reserve— 4s 1956 opt 4s 1956 opt 1939 — 1940- 44 4s 1956 opt 1945-'47 — 4s 1956 opt 1948-'52 Granite City 4 Ms 1938-48 J&D 1.25 6 2.25 to 6 3.10 to 3.15 6 3.20 to 3.25 6 2.50 to 3.50 6 2.50 to 3.50 Lake Co 5s Road '38-'49.F&A 6 2.00 River Forest S D No 90 4 Ms 1938 1944M&S 6 2 50 to 3.25 66 1938-46.J&J 3.05 % % 67 63 M&N 1938-1948—. Jackson Co 4 Ms 72 67 1.25 60 " to 3.60 % INDIANA 63 ft 2.00 to 4-25 A&O b 1.75 to 2.25 A&O ..A&O h 2 50 to 2 75 6 2.75 to 3.40 '38-75 A&O J&J 102 Elkhart 4 Ms WW 109 Evansville Is ref 1942 102 M 109 Fort 114 102 Wayne— 4M« 1938 to 1911 1942 to 1946 1947 to 1957... _ . 107 108 6 Basis. / Fiat price * La>t sal n Nomiuil. 3! 25 94 STATE Quotations for all securities AND MUNICIPAL Yield Basis Yield Basis To or Bonds Bid Fort Wayne School Dist— 5s Oct 1 1938-1943 Ask Bonds 75 4 Us series £> & E 1944-65— 3.80 5s series F Mar 15,1945-48. 6 3.70 5s series K July 1,1947-49— 6 3.80 3 Us series R 1941-60.-J&J 96 to 3.50 6 Us Track Elev '38-'47_ J&J b 1.50 4s Fire Dep J'ne 1 '41 -J&J 4 Us Sch J*ne 15*40 J&D15 % to 3.00 b 1.50 to 3.20 J&J 10 2.00 3 Us City Hall 1939...J&J Indianapolis S D— 4s Bldg Sept 1 1946—J&J 3 Us July I 1941 J&J 5s Oct 20 1938-39 A&O b 1.50 So Bend 4%* W W '43.M&N 5 Us 1941 M&S South Bend School City— 4Us Impt 1939-1948.F&A b 2.00 S75 Oapital Bldg 4Us Aug 15, '52 Atchafalaya Levee Dist— 2.75 5s Sept 1938-1972 M&S 2.10 5s Dist ref & imp 1949.M&S 1.75 Baton Rouge—5s '38-'54 M&S is 1938-1942 J&D Jeaar Rapids 4 Us'49-'53M&N Clinton Co 2Us 1942..M&N °50 2.25 to 3.00 % J&J 102 104 J&J 104 105U 104 105 U 107 107 107 5s 1959-1969 5s 1972 1 1.60 to 1.75 1.00 to 2.10 1.00 Lafourche Basin Levee— 5s Jan 1954 opt 1944—J&J 5s 1956-1970. A&O Lake Borgne Dist Levee— 5s Dec 1952 opt 1942—J&D New Orleans— to 3.75 to 1.75 to 1.60 . less M&S 2.50 less 1.50 less 2.40 less Lyon Co 2Us May 1 1938-47. 1.00 to 2.35 Marshalltown Ind 8 D—5s City Hall 1938-39.M&N b 1.00 to 1.50 Marshalltown— 4Us Water 1938-42...A&O 1.00 2.30 1.00 1.00 6s Ref Aug 15 1940—F&A15 4 Us Sewer 1938-47—M&N 2 Us 1938-1956 J&J 1.75 1.00 less 1.00 to 2.60 Sioux City S D 5s 1941-J&J 1.75 1.50 Orleans 1 less 1 ?30 1.00 2.10 1942-1964-M&S 6 2.80 0.75 J&J 0.75 0.75 to 2.65 Leavenworth— 4Us Water 1938-1947.J&J b 0.75 Leavenworth Co 5s 1945 McPherson 4 Us 1945 6s 1944 5s .40 Saline Co 4 Us 1945 2.30 Sedgwick Co 4Us 1940.. Shawnee Co 4Us 1944 Topeka 4 Us 1948 Topeka 8 D 4 Us Mar 1 '38-'46 b 0.75 Wichita 4Us 1938-46—J&D b 0.75 Wyandotte County— 4 Us Bridge '38 to *41 .F&A b 0.75 4 Us 1938-1939 J&J b 0.75 4 Us 1940-1945 J&J b 1.50 106 to 2.30 % to 2.50 % OR* 1943.M&S 104 to 2.30 % Tensas Basin Levee District— 5s Jan 1957 J&J 6 0.75 '40-44 M&N b 1.50 '38-'69 M&N 103 103 U 103 102 103 101U 102 U 102 U 102 4Us S I *42, '47 & '52M&S b 3.95 Bowling Green—5s 1955.J&J 6 3.90 3.85 3.80 6s W W Jan 15'38-'61 J&J15 6 3.60 4Us Fdg 1938-48—F&A 6 3.60 4 Us 1938-1950 A&O 6 3.60 4 Us WW 1938-51—J&J 6 3.60 4s Fdg 1952 opt '42..F&A 6 3.50 4 Us School Jan 1 1938-69— 6 3 50 Henderson County— 's July 1938-1939 . 3 30 4s 3 30 4s 6 4.20 6 2.90 . 6 3.05 3 Us Ref 1943 J&J 6 2.10 3s Sew & Park 1941—-J&J 6 1.75 1.90 4 00 3.80 5s registered Short Term Bonds-— 1 Less % to 3.35 % on 2.75 3.75 4 Us 3.00 3.40 2.75 3.30 2.00 ..2.25 4s Mar 1. 4s School 1961 bid side. on Govts 1.9oJ% to 1.90 page to 2.80 % to 2.00 to 2.10 to 1.80 to 12.10 to 2.70 to 2.10 to 1.75 to 1.90 93 less 1 J&D less 1 J&D 1.25 F&A 4U®.Highway Impt 1944 A&O 4s Highway Impt 1942..A&O 1.75 less 1 1.80 less 1 1.65 less 1 jHs Highway 1943 Highway 1940 0.75 2.50 2.40 less 1 less 1 Ann Arbor— W W ref 4 U« 1938 1948 J&J b 1.50 3 Us 1944-1946.... b 2.00 Battle Creek— 4Us Sewer 1938-40..M&N b 1.50 Battle Creek S 3.50 3.50 to 3.00 to 4 Us 1938-1949 F&A Bay Oity- £Us ww b 1.50 1938-1951.. .M&S b 1.50 to 2.25 4Us Sewer '46-'51-'56-A&0 b 3.50 2.10 2.00 % to 2.50 % to 3.25 to Detroit— General 3 Us callable (Long) 2.10 2.10 2.60 85 4s 3.10 2.20 88 92 90 93 b 4.70 Water 4s lis:::::::::::::::::: 95 U less 1 b 3.80 b 3.90 less 1 b 3.95 less 1 less 1 Refunding Water series D— 3 Us Oct 1 1951-1961 97 100 3 Us Oct 1 1938-1950.:.i 61-00% to 101 3Us Oct 1 1948-1950 100 U 101U 4s July 1 1938-1947. b 1.00 to 3.60, Street railway 4 Us b 4.50 lesslU' Refunding 3 Us />7-'62 J&D b 4.25 4.10 Refunding 4s *38-'56-.J&D b 2.00 to 4.15 General & Street Railway— 0.75" to3".66 ___ 0".75" to Y.Io 2.10 to 2.90 2.35 to 2.70 0.50 to 2.25 2.70 to 2.90 M&S 6 2.90 to 3.00 J&J M&S t Less 1 mmm on bid m. — 3 Us Oct 1938-59 to 4.25 less 2 1.00 4.10 to 3.40 Refunding J 4.60 Refunding 2 Us 1951-63 J&J _ side 2.00 General 3s Oct 1 1959-62 Water 2U« Oct 1 1938 62.. 2.00 to 4.50 ue«e 1U« - b Basis 1938-50 J&J / Flat price % 4.00'% 4Us 4 Us 5s non-callable 94 1 to to Dearborn— J&D M&N .M&S 6 % 2.30 % to 1.25 % to 2.60 % to 1.60 1.50 to to 2.00 % 1.60 to to to 1.60 § H®,HA*hway 1941 5s o 6 0.75 6 2.00 to2.00j% A&O 15 2.50 6 2.75 2.75 J&J 15 to to to MICHIGAN oUs Oct 15 1941 —A&O 1938-1939..M&N bid side. Foreign to 2.00 „ M&S F&A b 0.75 b 0.50 Winchester 4s 1939-1943 A&O b 1.00 Worcester 1 U« Apr 1 '38-'46. b 0.60 4s 1945-1971: M&S 6 4s Regis'd stk 1946-57 M&N 6 6 4s 1956-1965 M&S 6 § Less U 1938-1953 Wellesley (Town) 4s Mar 1 1938-1946...M&S 2.75 to b 0.60 Waltham 3Us 1938-45..F&A b 0.75 4s 1938-1960 ...F&A b 1.00 lUs 1938-1947 F&A b 0.75 Warren Water District— 6 0-75 6 0.90 6 1.00 J&J b 2.60 1948-50 4sJ938-44 (tax-ex)—F&A 2.00 to 2.90 to 1.85 Springfield— 1946....M&S 4s 1972-1975 3 Us Impt 1940 3 Us March 1945 Less U on bid side. 75 to (tax Somervllle— to 2.00 J&D b 2.60 A&O b 2.50 J&D 15 4s Annex 1954 4s Parks 1955 Highway— 4U« series E May 1 1942... 6*3.00 5s series F Mar 15 1943 6 3.40 5s series F Mar 15 1938.... State Pension 5s Dec 31 1938 * b 0 to 2.00 to 2.20 Qpincy 3Us 1938 to '39..A&0 b 0.75 Salem 4s Jan 1 38 *54 tax-ex. b 0.75 to 2.00 to 3.10 % to 1.10 . to to M&N b 0.60 5UsJulyl5 1941 4 Us Mar 1, 1938-*55—M&S 6 4s Aug 1. 1951 F&A 5s series A, B & 01940-1943 6 3.10 5s series A Mar 1 1943 . exempt) M&N b 0.75 Pittsfield— 4s Dec 15 1938-1944...J&D b 0.75 2s Dec 1 1938-1955 J&D b 0.75 1.90 to 1.75 to J&D b 1.00 '38-'40J&D15 5s Gen Imp 1943-45 5s Water 1961 LOUISIANA 1.50 b 0.75 _ *S8-'39(tax-exempt) , 1939-1951 ....A&O 1940-1952 June & Aug 15 Annapolis 4 Us W W *42.A&O Baltimore— 5s 1938-1961 A&O 1.50 3.75 Owens boro—5s Sewer—J&D 6 4.00 Paducah— 4 Us w w 1938-1970—A&O 6 4.10 Warren Co—4Us *38-'59.J&J 6 4.00 2.50 to 1.50 to 1 00 0.75 to 1 25 4 Us 1938-1942 J&J " 0 75 to 1.25 3s ctfc of indebt *38-'50.. A&O 6 0.75 2.10 2 Us ctfs of indebt, 2.90 2.95 Ko 3.30 J&J b 2.00 — See J&J b 1.25 MARYLAND _ 4 Us Rd & Bdge 4 Us 1938-1942 2.50 6 3.00 to 2.75 J&J Portland Sewer Dist— 4s 1938-1950 M&N 6 1.00 Waterviile 4Us 1940-50 6 2.50 Westbrook 4 Us 1938-48 6 1.00 2.90 2.95 2.95 2.25 to 2.25 New Bedford— 4s Sewer 1938-1941 South 3.00 2.60 J&D 6 3.00 6 3.05 6 3.05 6 2.40 6 2.65 Funding 1938 Funding 1948 Saco 4s April 1939 3.80 2.75 1 75 A&O b 2.00 to 3.20 4s July 1 J&J b 0.75 Portland Bridge Dist (taxable) 3 Us July 1. 1938 to 1939... Portland Water District— 3.45 2.20 % 3 Us 1938-1942 tax-ex.M&N b 0.75 — 4s O H '38-'45 tax ex..A&O 6 0 75 3.45 6 2.25 LooisvUle—6s Sch 1962.. A&O 6 3.10 4 Us Hospital 1951— .M&S 6 2.75 1970 F&J Sewer 1969 J&A 4s Sewer 1947 F&A 4s Lou W Co 1950.F&A 4s Sewer 1965— F&A 4s Jan 1 1970 J&J 4!, JHly ^952-1958 Portland— o 3.45 3.45 1.90 to Needham— Kittery Water District— 5s Jan 1938 J&J Old Town Water District¬ Covington— to to 2.00 , tax-ex b 0.75 Sept 1 1938-40 b 0 75 Bath 4s Ref 1941 tax-ex. J&D b 2.50 Belfast 4 Us Ref 'Z8-'50 M&N b 4.00 Brewer High Sch Dist— 4 Us 1938-1945 M&N b 1.00 Kennebec Water District— 4s Ref May 1, 1950—M&N b 3.00 102 U b 0.50 b 0.75 ?. (ta*-ex) M&N b 1.20 b 0.90 Maiden 4s '38-'44 (tax-ex) F&A Medford— b 0.75 M&S b 0.75 to 1.00 M&S b 1.75 to 2.40 A&O b 0.75 to 2.25 4s Oct 15 1938-1955 4« Wat Wks 102 U 101U 102 U 102 U 102 U 2.75 2.75 to 2.80 to .M&N b 0.75 _ 107 U to I 1 2.80 4Us 1938-'43 (tax-ex).A&O b 0.50 3Us 1940-1951 2s Improve'mt 1938-56 1938-1940 Augusta— 102 105U 5s H'way & Bdge '38-'54-A&0 b 0.75 b 0.75 1938-1953 M&S 4s to to Us 1938-44 M&N b 0.50 Holyoke— 4 Us 1938-*50 (tax-ex) F&A b 0.50 Lowell— School 4 Us 1938-41 J&D b 0.80 Lynn— MAINE Auburn— b 0.50 b 0.50 b 0.50 4 2.00 to 3.70 2.00 to 3.50 2.00 to 3.60 oLSt?& o^1938"1942-MAS 3 Us 1938-1939 to 1.00 to 3.00 ...F&A ...M&S WJ23£1941 4s b 4 Us W W & Sew *38-'54J&J b 4Hs May 2,1938-67.M&N2 b 1® 48IRe£w&Bdg0 48 to 3.00 to 3.00 _ 105 to 3.00 b 0.75 (reg). M&N 48 193&-55 (tax-ex) Franklin (Town)— 106 107 Shreveport— 5s Dec 1, 1938-1969...J&D b 0.75 Fall River— 108 £ighw& Bdse to 1.80 KENTUCKY State % 107 1.50 2.10 2.40 Bridge 1941 Chelsea 4s 1958 Everett 4s 1941-1956 108 105 Series D—...F&A 2.30 1.75 1965 4 00 A&O ?8 MIS l9^3 5s 1965 % to 2.60 3Us_Mayl '45 38 102 July 1968 j. J&J & B B District— &0 A&O b 0.75 Cambridge— 4s Oct! 1946-1949 to 3.50 % 106 3.75 to 3.30 J&D b 1.10 4s 1938-1947 tax-ex 4.10 M&N 5s 1950 Series B Reno Co 5s 1941 Ref 105 U 104 1938-1944 J&D b 2.00 5s 1945-1967 J&D bt 4.10 Plaquemine Parish E Bank— 5s Oct 1952 100U A&O Pentchartrain District— to 2.65 Sch Dist 4 Us 1938-'54J&J 4Us 105U 105U 105U 104 96I;;;:::a!O 3.75 Brockton— 104U .J&J 5s to 2.60 4Us 101 y< 1^30 3.75 b 1.00 Metropolitan District— 2Us ser A 1938-58..M&S 2 Us ser B 1938-62... J&J 2 Us Dec 15 1938-1960— 2Us Oct 1 1938-62..A& Braintree—4s 1938-1941. J&J 102 3.75 1.75 2.75 _ 101 104 J&J 3.65 to 2.70 2 Us 1938-1955 94 to 3.75 J&J I 1,1938-1956.M&8 102 101 7p Par J&D 1945 April 1 1938-1957 2U April 1 1938-1957 • 102U Re.d River A F&A 4 Us Jan 1 3 Us June 1 1944 3 Us July 1 Orleans Parish Sch Board— 0.75 2.60 Imp July 18 '49—J&J 4Us R&B Oct l'38-*56 A&O Lexington—4s 1945 F&A 5s S D 1938 J&D 2.00 % 4s Sub 1958 tax-ex J&J 4s Tun & Sub'59 tax-ex.J&J 3 Us 1938-1951 M&S b 1.25 3 Us June 1 1943 J&D to 3.80 Sept 1.193~8-~68 Jm&S 4Us Non-callable 1952 J&D to 2.40 1.00 2.00 . to to 1.20 M&S 4 Us Tun 1960 tax-ex..A&O 4 Us Dec 1976 J&D 4s 1938-1939(tax-ex-)_.J&J 6 1.30 4s Tunnel & Sub 1948 .J&D 4s Sub 1957 tax-ex A&O District— July 1938-1939 July 1940-1949 *4 Us 4 Us 1939 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 Project No. 11. 1952 Proiect No 12,1947 Ashland— b 0.60 4s 1938-1945 (tax ex).M&N 104U Orleans District— 5s Jul *4 Us Kansas City 5s 1942 F&A 4Us Wat & Light 1944.J&J 4Us Wat Plant Pur '39.J&J 1938-1953 1~75 % 0.75 1.35 Boston— 6 3.00 I - 4s Mar. KANSAS . to 4Us Sept 11981 g2 1 to 2.30 Soldiers' Compensation Bonds 4 Us, 1938-1952 J&J b 0.60 4s, 1953-1954 J&J Crawford Co 4Us 1939 Hutchinson— 4 Us Levee J- 5s Board of Education— 4 Us 1938-1953 b 0.60 to 3.00 to 2.75 5s Us 1940-1980 1.75 to 2.40 „ 101 6 2.00 4 Us serial 1.45 M&S 3s to 3.10 % $25 to 1.90 _ to 2.35 to 2.40 Beverley— 108 106 to 2.40 b 0.50 July 1 1938-67 lUs Pub Wks_Septl5'38-'40 b 0.50 Is Pub Wks Feb 151938-41--. 107U 105U 3.60 % 3.65 % Arlington 4s'38-'42(tax ex) J&J 105 U to 2.50 3.70 104 2 Us reg 107 101U to 3.50 to 3s gold July 1 1939 J&J 3s gold Water Jan 1 1941. J&J 2 Us Dec 1 1938-1947 J&D b 0.75 107 106 to 2.10 4 Us Water 1943-*44. A&O Sac Co 2 Us May 11938-47— Sioux City 6s '38-'45 .F&A15 4 (tax-exempt) _ .Var b 0.50 4s Water registd 1938-58.J&J b 0.50 3Us 1956 ref (tax-exem).J&J 3 Us Water 1942 J&J 103 101U 103 101U 4Us 1938-39 102 103 ...J&J 4Us 1940-49... J&J 6 3.10 to 3.90 4 Us 1950-59 3.90 J&J 6 4.00 4 Us 1960-67 4.10 J&J 6 4.20 4 Us 1938-1977 A&O 6 2.00 to 4.20 4s Floating debt 1948. 92 95 A&O 4s Constitutional 1942.J&J 102 U 103 U 2.60 2.40 Woodb'y Co Fund 2Us*42-*46 4s 1938-52 5s Pub Belt RR '39-'49. J&J 5s Pub Belt 1950-59. J&D Fort Dodge 5s Fund '39.A&0 Lee Co Prim Road 2Us.l948 • 105 105 105 105 A&O 15 A&O 15 ..F&A 15 1.20 to 3.60 MASSACHUSETTS" , 3 Us gold July 1944 105 to 3.15 less 1.40 M&S 1942 1.80 1.00 4 Us W W 1938-42—J&D 6s Gen Oblig 1938-40.-J&J Des Moines Ind S D— 1940 2.50 2.85 J&J b 3.70 b 3.75 .. 103 2.90 M&N Us Sept 1 1945 4 Us Sewer g 1973 5s 1969 106U Caddo District Levee— 5s 1951 opt 1941 Fifth District Levee— 5s Oct 15,1963 5s 1957-1967 4 Us 1940-1941 M&N Des Moines 5s 1938-*57—J&J 4 Us 1944 4s Sept 11945 1939-1968. M&N b 2.00 Washington Sub San Dist— 3Us Wat & Sewer '87.M&N 102 Bossier Dist Levee 5s '54. A&O to 1.50 1.00 Davenport Indep Sch Dist— 4 4 Us to 3.50 103 U 6 3.80 Net Montgomery Co— 100 3.50 104 Ask J&J 3 Us Sewage Impt '80.A&O Cumber'd 4 Us W W '41. A&O Hagerstown— 5s Water 1938-1987 A&O b 1.25 4 Us 1938-1987 A&O b 1.00 104 U 3.70 % 106 5s 1950 opt 5s 1952 opt „ 1939-1940 6 3.60 Bid Baltimore—(Cont.) 3Us Refunding 1952 J&J 5s Oct 15,1962 op '52.A&0 to IOWA 4 Us Bonds 3.60 3.70 97 102 102 U 3 Us series Q 1941-60—J&J 101 4s ser S 1941-1957 J&J 101U 3 Us series S 1958-1960.J&J 99 State Pension 5s June 1,1948- 6 3.60 To or Net 3.75 . (City)— 1938-1955 Ask to 2.50 Indianapolis-— 4ha Bid Long Term Bonds— b 1.75 4s O H 1942-1956—J&J30 b 2.75 • Yield Basis To or Net Gary Sch City 4Ua Oct 1943.. Sammon BONDS possible for the closing day of the month preceding the date of issue are as near as 4.00 % Jan., 1938] MUNICIPAL AND STATE Quotations for all securities are as near as M Yield Basis Yield Basis To or Bonds Flint 4Mb 1938-54—-M&S 15 6 2.30 to 4.00 5s (Mar 1 & Apr 1) '38-*50— Flint Union School Dist— 5s 1938-1954 M&S 4He Mar 11938-1939 Grand Rapids— 34s Sept 1 1938-1940 M&S 3s Sept 1 1941-1945-.M&S Grand Rapids School Dist— 44s 1938-1943 M&S Highland Park— to 4.10 44s b 2.30 b 2.15 b 2.10 to 2.75 b 1.50 6 0.75 % 2.35 3.25 54s May 1 1941...* Jackson 4Mb 1938-47-A&016 5 2.00 4Mb July 15 1955 Jackson Union S D 5 2.00 4Mb 1938-1945 M&N Lansing— 4Mb 1938-1946 J&D 5 1.00 Muskegon 4Mb 1938-44..J&J 5 1.50 Muskegon S D 5s 1942 July 5 3.00 to 3.50 % 3.75 to 3.50 % . Pontiac— 88 Refund 4-4 Hs 1964 opt 1937 5 4.10 4Mb School June 1 1955 5 3.00 Port Huron 4Mb 1942— Saginaw—4 Hs 1938-49—F& A 5 1.00 24s Sewer 1938-51 J&D 5 1.00 1950- 6 • to 2.25 91 less 1 less! to to St 3/.00 300 00 less 1 8Kb July 151943 J&J 5 2.25 4Mb Dec 1 1939 J&D 5 1.75 less 1 2 H trunk h'wav *47-51—M&N 5t2.30 to 2.30 % 100 98 1.85sRuralCreditctfsl941 2s Rural Credit ctfs 1942 Duluth— 9954 to 2.75 5 1.00 to 2.30 M&N 4s 1938-1946 J&J 5 1.00 Duluth Ind School Dist— 54s 1938-1940 A&O 5 1.50 Hennepin Comity— 6s Bridge 1938-40 to 2.60 to 2.50 s 1.00 to 2.25 1.00 to 2 .25 1.00 to 2.25 M&N 5Mb Bridge 1938-40—M&N 4548 Sanitorium *38-'42 J&J 1.00 to 2.25 4Mb Hospital *38-'41.M&N 4s 1944 0.75 to 5 1.50 5 1.00 to 5 1.50 5 0.85 to to 5 2.00 to 5 1.00 to 5 1.00 to 0.65 0.75 to 1.25 1.75 0.75 1.60 to 2.30 2.20 to 2.50 2.40 to 2.60 1.75 to 2.50 2.30 0.75 J&J1S 2.00 1064 6 2.75* 6 3.75 NEBRASKA D 5s 1938-54 F&A 6 1.70 Douglas County— 5s Highway 1938-46—A&O 6 1.50 Holdrege S D 5s 1938 55. J&D 6 2.50 Beatrice to 2.10 254 s 1938-1947 F&A 454s 1938-1950 F&A 454b Rd & Bdge *38-'44M&N 4Mb Rd & Bdge *38-*43 J&D St Paul— 6s school July 1 1951 to 1.00 to 1.00 to 57.25 to 43.F&A 6 1.80 3.25 6 2.00 4 4s to 3.60 6 2.00 to 6 3.30 to 3.00 1.75 8er II due 1956 to I960— ft 6.90 to Non-callable bonds— 98 Greenville 5s fund *43-'50 F&A Jackson— A&O 554s 1938-1954 454s Jan 1 1938-1952 45481938-1952 M&N Jones Co 5s 1938-1942 M&N Meridian 5s Dec 1 1939—J&D 454s School House 1941 J&J Mississippi Levee District— 5s May 2 1944 M&N 5s July 1 1953 J&J Vicksburg— 5s Pub Imp 1938-48—F&A 6 4.50 to 3.20 % 100 103 4.25 NEW 4.00 s 6 4.25 4.00 s 6 4.25 6 4.50 4.00 s 3.50 s 6 4.50 3.50 s 64s 1942-1953 A&O 6 5s 1938-1969 A&O 6 44s School 1938 58—J&D'6 44s School 1945 J&J s Water 1961 A&O 1938-1967 J&D 6 funding 1949 F&A 6 4s July 1 1938-1953 Gen ref 34s '38-'54..F&A 6 34s. 1938-1956 J&D 6 Keansburg 5 4s 1938-59.M&N 6 1.70 1.20 to 2.10 M&S M&S 6 1.20 to 1.75 6 1.15 to 1.50 6 2.15 to 2.30 6 4.25 JERSEY s 3.50 3.50 3.50 % 4.25 to 3.65 3%80 to 3~ 75 4.00 to 2.25 2.25 to 4.50 4.50 4.25 to 4J0 4.10 2.25 to 4.20 100 98 2.25 %to 98 2.25 to 4.00 2.25 to 3.90 90 1.30 1.40 4s 1938-1967 Mercer County— to 2.05 4 1.70 to 2.10 4 4s Road 1944-1948 4b 1NOV 1 1948-1952 M Nov J 1948-1952 354s 194 Road 1938-1942 4548 Ros 2.00 to 2.20 to 2.10 to 0.75 to 1.90 Institutional J&D 2.30 to J&J 0.60 2.40 to 1.20 334s ser A July 1938-1966— 434s series B July 1938-67— 4s series O April 1938-69 2Mb series D May 1938-70Emergency Relief— 334s Jan 1939-1941 5s May 1938 to 1941 to 1.80 0.75 to 3.10 0.75 to 0.75" to 3.15 % 0.75 to 3.15 2.40 to 2.80 % % % % 3 .10; % '3.00 J&J 6 3.00 to 4.00 % Middlesex County— idlesex County 44s Road 1938-1944-F&A Imp 3s Nov 15 1938-1948— Monmouth County— 44s Mar 15 *38-'50-M&S 44s Rd & bdg '38-51F&A15 Montclair 4 4sSch 1941. A&O 44s High sch bldg '44. J&D 6 1.60 to 3.40 6 1.50 to 3.35 6 2.25 to 3.75 6 2.25 to 1.90 2.10 2.40 1.50 6 0.50 May 1938 to 1942 2.75 6 0.50 to 6 0.50 to 2.90 6 0.40 to 2.80 6 0.40 to 2.75 6 1.00 to 1.40 6 0.40 to 1.50 6 0.75 to 1.40 6 0.40 6 0.40 to 1.65 to 1.65 6 1.00 to 1.90 Jan 1939 to 1943 id 4 Mb sot A Jan 1939-42 6 1.00 to 1.75 % / Flat price, Nov 1938 to 1941 s Mar 1938 to 1942 s 6 0.75 n Nominal. 3.75 ?25 2.75 Morris County— 44s 1942 opt 1922 1.50 J&J 1.15 34s 1939-1949 J&D15 61.50 to 3*55 % 1.30 Morrtstown— 1.30 44s 1938-1942 J&D 6 2.00 to 3.00 1.30 4s 1938-1969. M&N 6 2 00 to 3.76 4.50 % 1.40 Neptune 44s 1940-55 F&A 6 4.75 to 2.90 Newark— 6s 1938-1972 M&S 6 2.50 to 4.70 to 2.80 54s Oct 15 '38 to'59 A&Ol 6 2.50 to 4.60 1.15 Construction s A&O Mid idlesex (Borough)— 3 4s 1938 to 1967 1.65 . 1.00 8s State Bldg 1940-44—-F&A Buchanan County— Ret 3s 1943-1956 J&J 6 2.00 Jackson County— 0.75 4s 1938-1951— J&J % 2.10 1.40 sE of *20 July '54 opt *39 s F of '20 Jan *55 opt '40 s A of '24 Jan '55 opt '40 s B of *24 July '55 opt *40 [s C of '24 July '66 opt *41 4,, sser Bof'30 July'38-*67 I 3 34s ser C of '30 Nov *38-'69 to 3.30 1,30 4 2.20 77 1.30 towa^r of *20 Jan '54 opt *39 Extension M to 3.70 to 4.50 4.50 J&D15 6 1.50 34s April 1941 to 4.00 72 Series D July 1940 series E Jan 1941..... 1.15 6 1.75 82 Long Branch 5s 1943 M&N Tyndhurst 3-5s 1938 57.-J&J Maple wood (Township) to 1.00 to . J&J 1.30 to 2.75 2.40 2.25 —J&D 0.50 1.40 s 1938-1970 Series A July 1938, Series B July 1939, series C Jan 1940. 43*8 series G July 1941.... 4s series H July 1942...... 48 series I July 1943....... 4 34» series A of *27 July 1944 4s ser B of *27 July 1950Soldiers Bonus 5s July 1941. • s to 3.00 . Indi—5s 1938-1947 1.15 3.75 to 2.75 to 3.40 -—.. J&D 6 1.50 1938-1959 4 4s Water 1938-'70. J&D15 6 1.75 44s Sch impt '38-'52.J&D 6 1.75 series O July 1939..... series D Jan 1940..... series E July 1940..... series F Jan 1941..... 3.50 3.50 bid side. F&A 6 2.50 M&S 6 1.50 to 2.00 6 2.00 103 3.40 Imp" 1938^1942.".J&J 6"2".25" to 1.90 0.75 1.75 on 2.75 % to 0.30 2.60 t Less 1 to to 4.00 TJVtr A 6 0.75 454s Road 1948-1950—.M&S 454s 1938 & 1939 A&O 454s 1943-1946 M&S ■ 1943-1947 M&S 6 Basis, 3.30 .—J&D Bonds— 6 4.00 6 4.00 J&J 454s 1938-1950 454s 1938-1950 J&J15 454s 1949 J&D 4548 Road 1938-1952—J&J 454s Court h'se *38-'52 J&J Joplln (School District)— 6 454s 1943-1948 to 3.65 to 3.60 — 1Q49 irvington 5s School 1963.J&D 54s , 6 125 3.40 3.60 to 3.15 .70 Jersey City— bonds— MISSOURI 8s Building 1939-1941 3.75 % to Kearney— 4.00 Tazoo-Miss Delta Levee Dist5s 1938-1954 M&N 6 3.75 454s July 1949 J&J 6 3,75 4s 1952 optional 1922..J&J 6 3.75 3s Road 1953-1957 6 1-50 99 to to 2.20 4 <31941-1945 6 4.25 6 4.25 A&O M&N 3.25 6 0.80 1938-1943—A&O 96 2.70 % to J&J 4s 1938-1940 Callable bonds to 6 1.00 to 3.50 Manchester— notes A&O 6 1.62 6 1.50 6 1.50 434s 1942 -J&D 4348 *38. *40 *42. '44.M&N Keene 4 34s 1938-1942—M&N 5.75 7.75 1st series sub-series E— 554s to J&J 6 3.75 to 1938-1955 6 1.75 6 1.50 6 1.75 116 4?00 oboken—44s 1940 J&J 5s School 1938-1954—.J&J 6 3.50 to 4.75 % Hudson County— 44s 1938-1978 M&N15 6 1.50 to 3.85 3.50 4s g Park 1954 & *59-M&N Hunterdon County— 44s Road & bldg '38-'46J&J 6 1.25 to 2.75 44s 6 1.00 3.10 % to to 3.10 NEW HAMPSHIRE ft 3.75 81 6 1.50 6 1.75 6 1.50 to 3.20 6 3.75 6 3.75 to 4.10 to 6 3.40 2.60 4s July 1938-1948 4s June 1938. to 4.25 6 1 75 1134 6 3.30 434s 1938-1955 92 CO— 6s 1938-1954 3s 1938-1966— 3.10 to % 95 100 6 0.85 3*00 to 4.40 88 4. IXa MISSISSIPI Biloxi 4.10 6 0.80 to to J&D 6 0.60 3-354-354-354% H'way to 88 Hackensack York School District— 57.00 554s Impt 1938-1946 M&S 454 s May 1 1939-50 454s Impt 1953 ..J&J 454s Flood 1938-53 A&O 8s. 354s & 354s highway notes Sot I due 1938 to 1956 3.25 6 2.50 434sBldg&Rd'38-*45 J&D20 6 1-50 to 3.35 434s Wat wks Dec 15*41 J&J 434s May 1 1956 M&N 5s 1948 .J&D Omaha SD 4 Mb May l'55ltf&N to J&D Gloucester to 3.40 J&J to 54s Water 1938-1963.M&S to 3.85 6 1.25 434s 1938-1959 4.00 6 2.50 Cape May Co— Gloucester City— 44s 1938 1966 to 3.20 North Platte Sch Dist— 2*50 to A&O ft 1.00 1938-1961 2.60s 1938-1957 5s *38 McCook Fund °.2b 6 2.25 1938-1940 M&S Delaware River Joint Com. Phila-Camden Bridge— 4Mb 1938-1945 to 2.10 4Mb 1946-1973 East Orange— to 2.60 4Mb 1938-1969 J&D 5s Sewer 1938-1960 J&J 3 School 1938-1974 A&O Elizabeth— 44s 1938-1957 A&O 54s Dec 1 1938-1946.J&D 107 M 6s 1938-1972 J&J 1.75 Englewood— to 3". 75 % 5s 1938-1944 A&O lessl4 Essex County— s 1938-1960 M&S 15 less 1 to 3.50 % Hospital 1946.. F&A Essex Fells (Boro)— 5s July 28 1938-1960 Fair view—5s, 1944 J&J Glen Ridge— to 3.50 44s Mun Bldg 1938-70 F&A M&N 1928-1953 to to 2.70 Omaha— J&J A&O b 1 00 454s W W 1938-42 5s School July 1 1951—J&J 5s Gen'l impt 1938 62—J&J 454s Sewer July 1 '43—J&J 4Mb 1938-1959 J&J 4s 4Mb 3.75 3.75 to to 2.45 _ 2.40 2.75 2.60 2.40 to 2.50 . Lincoln School District— Ramsey County— 50 3.50 to3.30 % 5s 1.00 1942-1949 4.20 % to — .50 M&N 4.15 to to 2.00 54s 1938-1961. F&A 100 44s Water '38 to '60.M&N 6 2.50 4Mb 1942-1969 J&J 90 4s 1945-1970 87 Camden Co— • 4mb 1938-1970 J&J 6 2.00 4s 1944 1968 6 3.70 Cape May— _s School 1938-1951.M&S 77 to 2.30 Impt — to to 3 Camden— to 2.60 534s Sewer '38 to *39—J&J 434s Wat & Sew '38-'50-J&J 6 1.00 2.80 2.50 2.80 2.40 2.75 2.30 2.25 to 0.75 6 1.60 2.10 to & bldg 4.25 6 1 25 . Great Falls— A&O 5 1.00 Public 2.00 2 00 2 00 2.00 to 6 1.25 44s Impt Highway debentures— 454s Dec 31 1939-40 434s Dec 31 1938-39 Daniels Co 554s 1938-42—J&J 6s 1941 opt 1940 J&J 5s 1940.1943.1945.1946, 1947, '48. *49. *50...J&D 5 1.00 to 3.00 44s Apr 1938-1952...A&O 6 1.00 to 2.90 4Mb 1938-1940 A&O 5 1.00 to 2.00 4s improvement 1942-J&D 35*s 1938-1941 M&N 2.60s 1939-1966 A&O 2Mb 1938-1947 M&S 254 s 1940-1967 M&S 2.30s 1938-1947 M&S 2.20s 1942-1959 J&O 2s 1938-1946 A&O 1.90s Oct 1 1938-46..-A&O to 99 MONTANA Minneapolis— 1938-1939 A&O 4s Court Hse 1938— .A&O 2.75 Bloomfield— 4Mb 1938 to 1969—J&D 15 Bogota— 2.50 %0 434s 1938-1946.. J&D 1.75 Bound Brook 4 34s '38-'42 J&D Bridgeton (City)— 4Mb 1938-1958 J&D 2.10 2.30 -A&O F&A A&O 3s Refunding 1952 234s J&J 5 1.00 4Hs 1938-1947 4MB 1938-1942 & bldg 6 6 6 6 1 1938-1942.J&D 6 1.25 534s Dec 15 1938-60.J&D15 6 125 to 1.50 Public 100 54s Dec to 2.70 M&N M&N M&N 3s School 1940-54 10054 to 2.90 0.75 to 0.75 to 1.00 334s 97 'BfiPfiTfiTI CO Public bldg & 4sl946-1951 . S3 1938-1949. J&J 6 2 50 to 2.85 -— 4s 1938-1940 4s 1941-1945 MINNESOTA 51 69 M&8 to 2.80 -J&J F&A F&A 4Mb 1938-1948——M&N 434s 1941-1948 M&N 1.50 4Mb Airport April 1 1948— 65 49 44s 1938-1955 F&A 44s School 1938-66—-F&A Belleville 5s 1938 & '44.M&N Belleville S D 5s *38-*44 M&N 1.80 1938-1943 4Mb 1938-1939 4Mb 1940-1953 1.50 Covert roads........ Voted bonds 65 55 5s Dec 15 1938-1955.J&D15 6 1.25 impt Wayne County— Bayonne—5s J&J Louis 4Mb 55 Net 5.00 6s July 11938-1944 5 D 4Mb 1938-55 0.75 J&J J&J J&J J&J Joseph S D 48 1940 St 3.05 to 3.30 2.00 1.75 M&S 354s 1941-1951 J&J 234s 1945-1955 J&J St Charles County 3 54s toll bridge series A ..July 15 *56 St Joseph 4Mb 1938-'45—M&S Refunding 4 34s May 1 1951 less 1 4 A&O 5s 1941 to 3 00 to 3.25 to Ask ater|f-434s to 3.00 0.75 to 3.20 0.75 to 3:00 2.75 to 3.00 2.60 to 2.80 A&O 234s 1956-1975 Kansas City S D— 4s 1941-1951 4MB 1940-1950 4MB 1939-1950 4MB 1946 3.75 0.75 -J&J F&A 354s 1938-1974 334s 1939-1974 34s 1939-1955-— 3s 1954-1975 1 to 0.75 0.75 0.75 4j*8 Airport 1938-54—A&O 1938-1971— M&S to 2.50 5 3.50 April 15 1957 1940 4Mb 4s Airport 4 Mb School Nov 1 1954 . J&J to 2.00 to Bid Asbury Park (City)— 4Mb 1938-1953 M&N 4Mb 1938-1970 M&N Atlantic Oit; fcy234-4348 Jan 1973 Jan 1973 Atlantic County 4 4s Bridge 1938-57-A&O Audubon (Boro)— J&J 1939 To or Bonds Net J&J 434sl939 3 90 to 2.50 b 1.50 Ask Kansas City— 5s Water b 2.20 Yeild oasts To or Bid Bonds Net Ask Bid 95 BONDS possible for the closing day of the month preceding the date of issue 6 2.50 to 4.40 J& 44s 1938-1983 F&A 6 2.50 to 4.40 (.10 Mb School Dec 1 *46. .J&D 984 4s Sch house 1959 opt 1949 984 48 Pas Val sew'61 op <51 J&D 4s 1938-1970 J&D 6 2.25 %to98 3.90 3 4s Track elev 1954—F&A 2Mb Jan 15 1938-76 J&J 6 "2.00" to 3 85 5s 1938-19584 96 STATE AND MUNICIPAL, BONDS Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Yield Basis New Brunswick— 4 Ms 1938-1957 Bid Yield Basis To or % Bonds Ask Bonds 3 Ms Mar 15 '40-*81 M&S 15 b 1.20 Is Mar 15 *38-'39—M&S 15 b 0.25 Is Mar 15 '40-'81—M&S 15 b 1.15 3s g Canal Jan 1 1956 J&J 114 to 3.85 to 3.85 North Arlington (Borough) Refunding 4s North Bergen ref 4s-4 Ms—— to 3.85 3s g Canal July 1 1958 ..J&J 77 74 87 78 4 Ms 1938-1942 F&A 2.00 to 3.15 1943-1967 F&A 3.20 to 3.85 5Ms Nov 15 1938-39.M&N 2.00 to 2.75 Ocean Oity—5s 1944 98 F&A 4Mb Impt May 15 1938-'-56_ 98 Ocean Oo 4Mb 1938-'50-J&D 6 3.00 to 4.35 Orange— 4Mb Sewer 1938-1964-A&0 6 2.00 to 3.75 4 Ha 2Mb Dec 8 1938-87----J&D Unemployment Relief— 2Mb July 6 1938-1947-J&J General State M&S 6 2.50 to 3.50 5Mb General Improvement 1938-1951 -J&D 6 2.50 M&N 6 2.50 to 4.35 to 4.25 4Mb Refunding 1944—M&N Ma Water 1939-1970-J&J 6 1.76 ic Passaic county— County— to 3.65 6s Impt 1938-1948 4 s 1938-1946 J&J 4MB 1938-1968 J&D Pater son— 5Mb 1938-1959 M&N 4Mb Feb 1 1945 F&A 4Mb 1938-1967 —-A&O Perth Amboy— 4Mb April 1944 4$is Water 1938-64—M&S2 5s Feb 1938-1977 F&A 4 Mb refdg 1944 & '46—F&A Plalnfield 4s School 1959 M&N 4Mb 1938-1962 Various. J&J 4Mb 1938-1952 J&J South Jersey Port District— Marine Terminal— 4Mb 1938-1973 South Orange— 4s 1938 to 1944 6s 1938-1962 4Mb 1938-19694Ms 1938-1968 Summit— A&O 4s Oity Hall 1939 2Mb H way Imp Sept 1958.M&S 4s High Imp Mar I960-- M&S 4s Canal Imp July I960—J&J 4s Canal Imp Jan 1961—J&J 4s Canal Imp July 1961.-J&J 4s Highw Imp Mar '61.-M&S 4s Palisade Park 1961—M&S 4s Canal Jan 1962 4s Highw J&J Imp Mar '62.-M&S 4s due Sept I 1965 4s due Jan 1 1966 4s Canal Imp Jan 1967--J&J 4s Highw Imp Mar *67—M&S 4s Palisades Park 1967—M&S 4s Bldg constr 1938-1939 M&S 4s Bldg constr '40-'49—M&S 4s Apr 15 1940-1955-— -A&O Stts Mar 15 '38-'39—M&S 15 b Basis. / Flat price to 1.75 1.85 to 1.95 b 1.70 to 1.90 b 0.75 to b 0.75 to 2'd0 to 4.20 93 97 2% 1938-1955 Albany Port District— 98 100 4s 1938-1972 0.60 M&N b 0.60 Binghamton— 4Mb Oct 1 1938-71 2s Mar 11938-1956 99 92 2.10 to 2.30 to 'l .25" var. b 6 Ms 1944 5s 1938-1950 4 Ms 1938 to 4.00 to 3.30 to 2.00 to 2.50 4Ms to 2.15 4 Ms 1.50 to 3.40 3.60 J&J 1.20 1.10 to 3.10 to 3.15 Sewer 88 93 to 2.75 to 3.75 to 3.30 to 3.40 to 4Mb 1938-1958 to 3.80 4s 1945-1953 to 4.60 to 3.10 to 2.90 to 2.90 to 4.65 Greenburgh U S Sch Dist No 9 4.40s 1938-1965 J&D Groton 6s Wat '38-*50—M&N 93 to 4.00 % to 3.65 6 1.60 to 3.40 to 6 2.75 to 4.60 to 5.00 75 2.50 2.50 100 100 to 3.00 101 1938^67 1.40 to 0.90 to 1.10 to Par to 2.75 % 2.85 to 3.25 % 2.50 115 3.40 3.40 66 72 95 98 to 2.00 2.10 2.80 to 2.85 2.75 2.75 2.00 2.70 2.70 2.65 2.65 1.90 0.30 1.20 to 0.90 to 2.25 1.50 2.00 2.55 3.50% No 2.60 2.60 2.60 2.60 2.60 2.60 2.60 2.60 2.60 2.60 2.60 2.60 2.60 2.60 to 0.90 to 2.20 to 2.50 to 0.80 1.15 to 4.60 1.15 to 1.15 to 1.15 to b 1.15 % 3.50 % 3.65 % 3.30% to to 3.10 to 2.70 to 2.70 2.70 to 2.50 2.75 to 3.10 1.90 to 1.50 to 0.50 to 2.75 2.65 2.75 Hempstead S D No 7— to 2.35 to 3.50 to 1.10 0.50 to 2 70 OssiningJMs 1938-42. ..M&S 0.50 to 2.20 1.00 to 3.40 % 3.40 % 3.00 % 1.10 to 3.00 b 1.80 to b "l .15 to 4Ms Water 1938-1969. A&O Oswego—5 Ms 1938-46.-M&N Oyster Bay Wat Dist— 4s 1938-1950 J&J 2.90 % Pelham (T) Un Fr 8ch Dist No 1 4.60s 1944-1960 2.20 Poughkeepsie 4 Ms '38-52 J&D 1.80 $10 r-vo b 1.00 to 3.75 b 2.50 to 4Mb Sch 1938-1944—-M&S b 1.15 4.40s 1943-1949 M&S b 2.70 5s 1938-1942 M&S b 1.00 Long Beach 4s Jan 15 1938—100 4s 1939-1940 94 to 3.00 % 2.70 3.10 2.60 % Lockport— to to 98 b 1.25 Mamaroneck Un F S D No 1— 6Mb May 1 '38-'52—.M&N b Par 3.90s 1938-1939 J&J b 1.00 3.90s 1940-1964 J&J b 2.60 Marine Parkway Authority— 101M i 1 100 M 96 92 A I960-J&D Middieport 4.35s '38-'42_J&D 4.35s Sewer '38-'39 J&D Mineoia (V) 4.40s 1938-68 J&J Monroe Co 4s 1938-44 F&A 3.90s Oo Bldg '38-'50—F&A IMs Jan 15 1938-42—J&J Mount Vernon— 4Mb 1938-1943——A&O 5 Ms 1938-1941 A&0| 4Mb School 1902-73-M&N 4s Sewerage 1950-55-.M&N 2M* 1938 to 1956 M&S 3s 1938 to 1946 M&S 3.40 1.30 0 80 1946-64—A&O to to 2.00 1947 to J&J J&J J&.l Water 4 Ms 1947-72 to 2 b 0.90 Mamaroneck(T)4 M«'38-64J& J 4 Ms ^ Oneida 4s Water '40-'45 4 Ms Water 1938-39 0.50 A&O 5Ms 1953 2.80 to Jamestown— 1943-1949 1.90 to 0.50 1.00 4Mb 1938-1940 A&O 15 Jamestown 8 D 5s '38-'39 J&D Kingston— 2.70s June 1. 1938-1944 Lackawanna 4 Mb '38-'54M&N to 1.00 2.90 2.80 0.50 - J&J 3.10% b 0.50 1938-1942—.J&D North Tarrytown— 4 Ms Water 1938-45—A&O Ref 1.90s 1938-57 F&A 3.70s 1938-1951 A&O Ontario Oo 4s '38-'51—M&N to 4Mb 1938 1944 4Mb 1938-1939 to Onondaga Co. 4 Ms '38-47A&O to Nassau County— 5s 1938-1943 1.80 2.85 0.50 1.80 1.50 104 >2 b 1.15 to 2.50 % 1.00 Sk fd 4Mb ser 3.20 % 101 to Par M 4.00 % 1938-1965 J&J 1938-1965. J&J Huntington (T) 4s '38-'52.J&J Islip 4s 1938-1951 M&S Ithaca—4Mb Water 1942 J&J 6s 103 to 96 M 2 Ms 1939-1953-J&D b 1.00 Serial 1938-46—F&A b 0.50 to 2.40 to 3.10% 104 M 103 M 103 M 2 Ms to to 4.70s 4Mb 3s corp stock Jan 1 1977 J&J b 1.25 3.15 % 4Mb 4s Mar 20 1943 - b 1.50 3.10% to 1— ________ 4Mb 1940-1954 _ 102 M 105 105 101M 3.60% to 1.15 1.15 1.75 2.00 3.00 % 102 M 102 M 1950-53 _M&N b 3.05 3 Ms Corp stock 100 July 1, 7538 Rap Trans 1947-51 F&A b 2.75 3.60 % 104 to 3.30 102 to 1.15 108 M M&N 3 Ms stock Apr 1,1954-A&O 3 Ms Corp stock Mar 1, 1960 3 Ms Corp stock Jan 15,1976 3 Ms reg Corporate stock 1.20% 3.45% 3.40% 3.20% 2.50 % 2.00% 108M to 3 Ms R T 1948-1950-M&N b 3.10 3 Ms g exempt 1952 M&N 101 3 Ms g exempt 1953 M&N 101 103 M 3M8 g exempt 1954 M&N 3 Ms g Water ex 1954- M&N 103 M 3 Ms exempt 1955 103 M&N 1.50 J&J 6s 1938-1954 M&S Henry Hudson Parkway— 4s April 1 1955 Horned 4Mb 11938-1947-F&A Hudson Riv Regulating Dist— , 100 108 107 Niagara Falls— 5 Mb 1941-48 M&N 4.15s Sewer 1965-70. _M&N 4.10%Sewer 1938-50.-J&J 4 Ms Wat May 1 '41-48M&N 4Ms Sew '39-'46 reg_M&N 3.95 Nov 1,1961-70-M&N 3 Ms 1942-1945 M&N 2s Mar 1 1939-1949 Niagara Falls S D 4Mb 1938-1960 F&A b 4Mb 1938-1980 F&A Hempstead (T)4 Ms'38-59 A&O Hempstead 4Mb 1938-65 M&S 2.30s 108 108 4Ms Hempstead Un F S D No 6 3.00 0.30 1.20 1.20 0.25 2.40 3.35 108M 108 106 M&N exempt 1942 - Harrison (T)— 61.50 2.70 2.70 2.70 2.70 2.70 2.70 3.25 M&S 2.90 March 1, 1938- 1947— Essex Co 4s 1938-1956--M&S Franklin Co 4Mb '38-'40.M&S Free port— 4.20s 1938-1945 M&N 4.20s sewer 1946-60--M&N 4Mb 1938-1951 M&N 4.40s 1938-1950 M&N Garden City 4 Mb 1938-52.J&J Greenbursr* (T)— 4s 1938-1951 J&J 6 Nov 1958 113M to July 1 *75. < to 113 to 3.35 106 b 1.20 3 Ms Corp stock 1939-54— 3 Ms g exempt 1941 M&N b 1.90 b 2.15 3 Ms 2.00 6 1.75 2.70 2.70 2.70 .% 2.60 to to 3.75 2.70 2.70 2.70 4s 2.10 4Mb Water 1938-45-A&0 b 0.50 Erie County— 4Mb 1938 1.40 J&D 4Mb 1939-1959 1.70 J&D 114 106M M&N M&N May 1957-M&N 107 4s May 1959 M&N 4s serial 1938-1963—-J&J b 1.00 3 Ms Corp stock 102 3.25 6 1.75 1.75 2.10 2.65 2.70 2.70 4s Various 2_5 Elmira— 114M 113 M&N 113 114 Nov 1957 M&N •118 Dec 1, 1979 J&D 116M 114 115M Corp stock 1967 _-J&J 116M Corp stk 1971 -J&D 15 115 July 1,1938 to 1955— b 0.75 to 3.35 112M Jan 1. 1977. J&J 111 Sch & Var '38-'39_J&D b 0.40 to 1.20 109M 1960 M&S 110M 111 Mar 1, 1962 -M&S 109 M 111 Mar 1, 1964 M&S 109M 111M April 1,1966 A&O 110 110M 111M Apr 15,1972...A&015 112 110M Rap Tr & Wat '74 J&D Feb 15. '41-'66.F&A15 b 1.75 to 3.65 % 111 Feb 15,1976—F&A15 112M 4s Nov 1955 4s Various 1956 2.80 to 4.25 1957 2.75 115 113M J&D M&S 113.14 111M 112 4Mb Mar 1, 1981 M&S b 0.40 Corp stock 1938-55 b 1.00 4s July 1,1938-1956 107 M 4s Oct 1,1980 -.--A&O 4b May. 1977 M&N 107 3.00 to 3.00 1.50 4s 3.60 3.50 to to 3.90 2.80 to F&A b 1.00 to 3.80 99 98 J&J 6 2.75 J&D b 2.70 1938-1947 to 4Ms Nov 15,1978—M&N15 East Chester— 2,85 6 2.00 6 2.75 to 2.90 1.10 1.10 to 3Ms 1940-1964 Columbia County— 4 **s 1938-1959 A&O b 0.75 to Corning 5 Ms 1938-60 M&S b 0.75 to Cortland Co 4Mb '38-'51.J&J b 0.75u,|to Delaware Co 4.20s '38-'52A&0 b 0.75 to Dutchess Co— 4s 1938-1946 M&S b 0.75 to 4s 1947-1954 2.25 —M&S b 2.30 to to 3.30 6 2.00 6 1.75 88 0.50 1.10 to Authority— 4s 1940-1964— 1.25 1.25 1.25 6 2.60 1.00 1.10 3.60 1.10 —J&J 4Ms 4Ms 3.30 3.40 1.00 to 3.50 3.40 to 3.40 to 3.50 to 3.30 to 3.70 to 3.00 to 3.20 1.20 M&N 3.40s Nov 15 *38-'55—M&N 3.10s Oct 15 1938-46.A&0 2.60% Relief 1938-45-J&J 2Mb Oct 15 1938-56--A&O 2.20s Jan 15 1938-47—J&J 73 1.25 1.25 J&D 15 M&N 4s 1938-1958 4Mb 1938-1964 to 0.50 4 Ms 1938-1967 A&O 4s June 151960——J&D to 3.35 to 3.50 1.50 b 0.40 - to 3.25 % 1.50 1.50 1.50 M&N 4 Ms to 4.10 1.50 2.65 4 Ms 4 Ms 3.30 3.15 Buffalo— 6 M&N M&N M&N 4Mb 4 Ms 4Mb 4Ms 4Ms 4 Ms 4Ms to M&N 2.10 3.50 to 2.60 to 3.70 4 Ms 1963 4 Ms May. to 2.75 0.60 3.00 to 4 Ms 2.80 0.60 3.25 3.20 2 Ms 2.40 J&D to 1.15 New York City— 4 Ms June 1965 2.80 M&N to 4Mb 1938-1944 Mb 1945-1965 4 Ms 1938-1963 to 1.75 b 0.75 to 3.40 1.15 1.50 4 to 6 2.00 M&N New Rochelle— 5s 1938-1950 to 1.90 3M 1938-1971 0.30 4s Canal Term 1942 J&J 4s Canal Term Jan 1946--J&J 4s g High Imp Mar 1958.M&S 4s g High to 2.35 to 4.30 Middle 4Mb Bonus 1940-1949...A&O to 2.10 6 2.00 deb 1944-45-M&S 6 3.00 5s Jan & Mar 1946-1970 4Mb Highway 1963 M&S 4Mb Canal 1964 J&J 4Mb Canal 1965 —J&J 4Mb Highway 1965.- ...M&S 4Mb Barge Canal 1945—J&J 4*18 Bonus 1938-1939 A&O to 3.10 to 2.90 5s Water Works 1962..J&D 110 4Mb 1938-1950 J&J 6 3.80 4Mb 1938-1950 J&J 6 3.80 NEW YORK 5s Jan & Mar 11938-1945 to 2.10 to 2.85 Albuquerque— Rio Grande Conser Dist 5Ms 1938-73—...F&A Socorro Co 5s 1941 op '21.A&0 1.15 Newburgh— 4s Wat Impt 1942-63—_J& J 4Mb Wat impt 1938-41.J&J 2.50 0.60 0.60 , Jan 1 & July 11949-1952— to b to 3.50 to 3.10 2.75 0.60 6s Highway 1938-1940—-J&J 6 3.00 6Mb h jsHlghway 1938-1940-J&J 6 3.00 Dec 16 1952 opt '22. J&D 4Mb DI 99 4s Fun 99 _ to b 0.50 to 3.00 to 3.25 2.10 3s Improvement— 2Mb 1938-1945 1.15 2.80 3.25 2.80 116 b Q.40 b 0.40 Net 3s July 1 1940-64 J&J 1938-50... F&A 3.40s July 1 1941-45—J&J 2 Ms 1946-1956 2Mb 1938-57 ——F&A 116 4M 1938-1970 J&D 4s Munic & Sch '38-'63_J&J NEW MEXICO -ad 1939 opt 1919—M&S (s Hwy deb r46-*47—M&N U H'w'y deb '48~'49—M&N County (Concluded)— 4s 1938-1947 J&D 3518 1944-1950 J&J 3 Ms 1951-1961 J&J 116 b 0.30 Ask Bid Nassau 116 to.3.15 Union City 4 Ms 1938-'64.J&D 63".00 Union County— 6s March 15 1938.M&S 15 4Ms Oct 15 1938-52 6 1.25 4Mb Rd&Bdge*38-'47-F&A 6 1.25 4s Oct 11942 A&O 2.80s Gen Impt B June 1 1950-65 6 2.60 Union Township Sch" Dist^ 4Ms 1938-1968 J&J 6 3.00 Vtneland (Boro)— 6Ms 1938-1950 M&S Westfleld— 6b June 15 1938-60 J&D 4Mb 1938-1966 A&O West New York 4Mb Oct 11938-1968—A&O fie School 1938-61——M&N West Orange (T) 6s '38.M&S 2.80 0.80 to 3.75 J&D Ventnor City— 5 Ma Mun Bldg '38-'58-A&0 Bonds to 2.75 6 1.50 J&J 6 1.25 M&S 6 1.60 J&D 6 1.25 J&D 6 1.25 4Ms School 1941 F&A 4Mb Imp & sch '38-'60-J&D Sussex Co 4Mb '38-'44 M&S 4s Impt 1938-1955— .M&N Tenafly 4Mb 1938-1963.F&A Trenton— 5Mb 1938-1951 A&O 5s School 1938-1955 A&O 4 Ms 1938-1966 F&A 4Mb 1938-1960 F&A to 6 1.50 Rahway— 4Mb 1938-1953 J&D 6 2.00 Ramsey 5s Water 1938-1940— 6 3.00 Red Bank (Borough)— 4 Ms 1938-1953 M&N Ridge wood 4Mb 1938-62.M&N 5 Mb 1938-1839——J&J "-19" ~ 4Mb 1938-1968 M&N Sea Isle City 5s 1942 F&A Somerset County— 4Mb 1938-1949 J&D to To or Net \ July 6 1938-1962-J&J Sept 10 '38-46-M&S 10 Unemploym't Relief— Sept 25 *38-'43—M&S Sept 25 '44-'45—M&S 1 Ms Sept 101944-1946 Albany County— 4 Ms 1938-1960 M&S 3Mb Fund 1938-1941. M&N 2Mb refunding 1938-57-J&J Albany (City of)— 4M 1938-1969 M&N _ 1938-1940 b 0.40 2Mb 1 Mb Emerg 2Mb 2 Ms Passaic— Ask 114 3s g Canal Jan 1 1959—-J&J 114 3s Canal 1957-59 J&J 114 3s Mar 25 1938-1987 M&S b 0.25 Eliminat'n of Grade Crossings Nutley (School District)— 4Ms Bid " F&A b 2.00 4Mb Sch & wat '38-'69-J&D b 2.00 4 Ma 1938-1967 J&D b 2.00 Yield Basis To or «*• Net 95 100 to 4.00 to 3.70 to 2.50 to 4.00 102 M b 1.20 to 2.25 b 1.20 to 2.00 b 1.15 to 3.75 b 1.00 b 1.00 to b Par 2.40 to 2.80 to 1.75 to 1.25 to 2.35 3.70 3.60 to 4.00 to 3.90 1.25 to 2.50 1.25 to 2.50 3.00 0.50 to 3.20 0.50 to 2.50 b 0.50 to 2.90 b 2.75 b 0.70 to 3.50 — M Aug 15 1977 Gen & ref 3s Dec 15197« _. - George Washington Bridge4Ms Ser B '40to '53-M&N Inland Terminal— „ 4 Ms 4 Ms ser D '38-'41—M&S D '42-Q0„M&S 1938 (reg) 4Mb 1938-1940 M 96 110M b 0.75 ser 106M Holland Tunnel— 4 Ms ser E '38-'41— -M&S b 0.50 4Ms ser E '42-'60_—M&S 111 Putnam Co 4 Ms '38-'51.A&0 b 1.00 4s 1938-1954. F&A b 1.00 Rensselaer County— 4M« Highway 1938-58-F&A 0.90 Rochester 5s '38-*62 0.90 F&A 4Mb Pub Imp '38-'58-F&A 0.85 4Ms 0 80 1938-1959-.—.M&S 48 Imp Sch &c '38-*47. J&J 0.80 2 Ms 1938-1957 0.60 M&S 1 Ms 1938-1940 A&O 0.60 Rockland Oo— 97 112 to 1.25 108 to 1.50 112M 3.20 to to 3.25 to 3.00 to 2.85 to 2.70 to to 2.60 2.40 to 2.50 to 1.30 F&A 15 Rockville Centre (V)— 4.15s 1938-1952 Rome 5 Ms 1938-1941 1.00 2.70 % M&S b 1.00 to J&D A&O to 3.30 Rye (V) 5s Mar 10 1938—M&S Rye & Har'son Un Fr S D No 6 4.40sl938-1953 M&N" b 1.15 to 2.80% A&O b 1.15 to 2.50% M&S b 1.15 itol.75% 50 to 2.40 4s School 1938-'59 M&S b 0.70 to 2.50 Port Jervis 4 Ms *38-'69 J&J b 2.00 to 4.50 % Port of N Y AuthorityGen & ref 4s May 1.1975— 108 M 107M Gen & ref 3 Ms Decl. 1965. 103 M 104 M Gen & ref 3 Ms 102 May 1. 1976 101 Gen & ref 3 Ms 98 97 4 Ms 1.25 2.40 2.60 F&A Saranac Lake 4.45s'38-39 F&A Saratoga Oo 5s 1938-'40_F&A 4 Ms 1938-1955 M&S 4s 8ept 1 1945-1954...M&S 0.75 0.90 to 1.50 Par 1.00 to 3.50 1.00 to 2 .00 0.75 to 2.00 0.75 to 3.00 2.50 to 3 .00 % % 97 state and municipal bonds jan., 1938] Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue To or Saratoga Springs— 4Ms Part 1938-40 A&O b 1.00 Scarsdale 4 Ms 1938-45- -J&D b 1.00 Schenectady— 1.00 5s Dec 15 1938-1941. 0.60 4.30s 1938-1948 J&D 0.60 4.15s 1938-1960 A&O 0.60 4s Oct 15 1938-1944-A&0 0.50 2Ms 1938-1955...—-A&O 0.60 1.80s 1938-1950 M&S Ask A&O 4.25 2.75 4 Ms 1938-1951...F&A 2.50 to '42.F&A 1938-1950. 5s Bridge to 2.00 Mecklenburg Co— 6s Ref Nov 1950 to 2.75 to 2.25 M&N Pitt County— 4 Ms 1943-1947 to 2.60 to 2.40 5s W W 1938-1944—F&A b 1.50 to 4.25 6s Pub Wharf 1960—M&S 58 Sewer 1949 M&S 4s 1.00 to 3.60 3 Ms A&O 1938-1957 3 Ms 1938-1951 P&A 2 Ms High & ref 1938-57 M&S 2.20s June 1 1938-1962 J&D Sullivan Co 4 Ms '38-'45.A&0 5s to 93 94 0.50 0.75 to 2.50 90 Salisbury 6s 1938-1941.-M&N Transylvania County— Road & Bridge 6s 1949-50- / 28 to 2.50 Wilmington— 1938-1947 4Ms 1948-1959 b 1.00 6 0.75 2.50 1.75 to 3.20 5s 1.50 4 Ms 1938-1958. 4 Ms 1938-1973 1.50 1.50 to 3.70 to 2.75 4s 3.00 to 3.20 to 2.40 3s 3.10 to 5s Farm L'n 1940-45&'50 J&J 5 3.00 5 Ms 1945 & 1948 ser O—J&J to " 6 2.00 105 M to 3.70 % to 3.75 to 3.50 to to 1938-'50_F&A Oct 1938-1942 J&J J&J J&J 1942 0.50 0.50 0.50 0.50 0.75 1.00 5 3.75 5 3.85 5 2.00 to 2.40 2.00 to 2.50 100 to 3.95 to 3.90 to 2.75 to 3.60 to 3.30 to 3.40 to 3.00 to 3.90 to 3.00 to 3.30 A&O ,-J&J A&O A&O A&O A&O to 4.30 5 4.00 5 2.75 to 4.75 6s Feb 1 1938-1939 to 5 4.00 to 4.50 5 4.00 A&O 5 2.00 ,46-,51—F&A 2.40" 5 to 2.70 % 2.60 2 Ms Sept 1 1938 to 2s Sept 1 1939-63 1976.. M&S Dist)— (School 3Ms 1940 opt 1912...A&O Cleveland— 5 Ms 1940-1970 5s W W 1938-1968 2.50 to 2.40 % 101 to 2.80 to 1.00 to 4.50 Par to 4.00 J&D 1.00 3.35 to 4.00 to 3.70 to 2.70 5 0.75 to 2.20 J&D 5 2.60 J&D 5 1.00 4 Ms Grad Cros'38-'54-A&0 4Mb Fire Dep '38-'55__A&0 1.00 to 1.50 to 3.75% 3.50,% 3.35% 3.30% 4 Ms 1938-1950 4s Sewage 1938-58 3 Ms 1938-1956 M&S 1.00 to 1.00 to 3.30% 1.00 to 3.20 1.50 to M&S 1.50 to % 3.10% 3.10t% to 3.70 to 2Ms 1938-1951 6s 1949-1957 4 Ms 1938-1953 M&S b 3.00 F&A b 1.50 F&A b 1.50 4 Ms 1938-1955 s-a 101 4s Wat W '45 opt '20—M&S 2 Ms 1940-1959 F&A b 2.00 to 3.30 to 3.10 to 3.20 102 to 3.10 Columbus S D— 5s 1943-1952 J&D 19 b 2.60 to 3.00 5s 1938-1939 A&O 1.00 4Mb 1938-1944 A&O 1.00 2Ms gen & ref July 1 '43-'46 1.00 to 3.00 1.00 to 2.75 A&O 1.00 to 2.60 4s 1938-1941 6 3.20 3.10 J&J 6 1.25 to 3.15 6 1.25 to 3.15 A&O 6 1.25 to 3.15 6 2.00 to 2.50 J&J A&O 4 Ms 1938-1968 4s 1938-1908 3 Ms 1940-45 2 Ms 1946-47-48 A&O A&O Asheville— l-4s gen ref July 1 1976. Buncombe County— l-4s gen ref July 1 1976.. 100 M 102 31M 33 to 3.20 97 M to 95 Durham— 4 Ms 1938-1966...J&J 5s Water 1938 to 1945.J&J 1.50 to 3.70 1.50 to 3.15 Durham County— 6 1.50 to 3.60 Forsyth Co 4Ms '38-'58_J&D 6 1.50 to 3.65 Granville Co 4Ms Greensboro— 6 3.00 2.50 *39—M&N 5s Water 1942... 4Mb 1938-1963 4 M5 1938-1965 F&A J&J F&A 6 3.90 3.50 6 2.50 to 4.30 6 2.50 to 4.25 4s Water Works 1954.-J&J 6 4.00 92 M Ref'g 3 Ms 1957-1962— J&J Greenville 5s W W '58—F&A 6 4.50 Guilford County— 4 Ms 1938-1957. .-.-.M&N 6 1.75 High Point 4Mb 1938-48.J&J 6 3.50 5s Wat Serv 1938-1968 J&D 6 3.75 • Ohio 3.85 95 4.25 to 4.20 to 5.00 to 5.60 0.85 5s July 1 1951 Series O..J&J 4Ms Dec 1 1951 opt '37—J&D 4Ms 1939, 1944. r949 J&J 4s Highway Apr.l 1940, 1942, 1945, 1947. 1950, 1952 Allegheny County— 4 Ms 1938-1962. A&O 4 Ms July 1938-1958 J&J 4s Bridge 1942... F&A 4s 1938-1958 M&S 2 Ms Dec 1 1938-1965—J&D 2 M Apr 1 1938-67 A&O 131 6 135 100M 101 1.20 I to 2.00 ... % 2.10 % 6 1.40 to 6 1.25 to 2.75 6 1.25 to 2.75 5 Too to 6 0.75 to 2.45 6 0.75 to 2.50 J&D 6 1.70 to 3.25 2?00 2.75 1938-43..A&O Liverpool—4s 1940.J&J to 6 1.80 to 2.60 b 1.50 to 3.10 2.75 % b 1.00 to Bridge 2.80 M&S 6 0.85 1938-1960 to 2.50 % 1.10 to 2.70 % 1.00 tojf.75 % F&A 6 F&A Erie S D 4s 1938 to 3.20 to 2.60 4 Ms Jan 1 1938-1946 Fayette County— 4Ms Highway 1952—J&D Harrisburg— 4s May 15 1938-1953 to 2.75' Jeanette 4Ms 1938-1950-M&S 6 1.50 Lacakwanna Co 4s 1944-F&A 6 2.75 Lancaster Co 4Mb *38-'60F&a 6 0.75 to 2.90 ^ 4Mb 1938-1939 6 1.00 to 2.00 4 Ms Oct 1945 5s Park & Imp 5 Too to 2.40 b 2.00 114 4 Ms Sept 1 '67 opt *41 E as ton 2 Ms Water works— . 4Ms 1938-1960 5s Sewer Feb 1 1938-'51 F&A b 2.50 103 Phila-Camden—" ~ to 2.00 Lakewood— A&O A&O '38-'41.A&0 Ms Sewer 1938-1947— 3.20 6100M Ea^ton-Phillipsburg 43^8^ Cleveland— Lima 5 PENNSYLVANIA 1 Ms Tax anticipation notes series "C T" May 31 1938. 4s 1940-45-50 3.30 to 4.00' to 4.10 M&S J&D2 6"1.50 to 2.60 Mahoning Val San Dist— 4Ms water 1938-1952..A&O Martin's Fy 5s '38-'44 M&S b 1.50 b 1.50 to 3.25 5M8 (1 to Syr mat'y)_.J&D b 1.00 5Ma (5 to lO yr mat'y).J&D b 2.40 5 Ms (after 10 years) J&D b 2.75 Lancaster S D 4s May 1945.. Lower Merion Twp 4s 1945— McK'p't S D 4Mb 38-43 M&N Mercer Co 5 Ms *38-*47 F&A Norristown S D 4 Ms 1943-J&J Philadelphia— 5s Jan 1951 J&J 4Mb May 1948 J&J 4Ms Nov 1 1948 J&J 6 "Par" 2.90 % 6 3.00 6 1.00 6 2.20 to 2.40 to 3,20 2.20 to 2.50 2 00 6 2.20 2.00 6 1.10 to 2.65 6 1.50 to 3.00 6 2.30 2.10 to 2.30 Lucas Co 4s O H 1944 4Mb 1938-1940 109M 106 M 106 M to 3.00 Miami Conservancy Dist— to 2.75 to 2.90 municipal bonds issued since Jan. 1,1913 are taxable, all bonds issued prior to that 3.10 3.10 Del River Jt Oomm — J&D 1938-1951 to to to 3.70 1.50 1.90 1.75 4s Water 1940-1959 3.40 to 2.65 Elyria 4s 1938 to 1938—J&D 5 Too 4Ms 1938-1952 M&S b 1.00 5s W W 1938 1 946 J&J b 1.25 Fostoria 5s W W '38-'40.M&S b 1.50 Hamilton County— 4 Ms 1943 F&A 4Ms Oct 1 1939... A&O b 1.00 4 Ms Sewer Oct 1 1938-'47 F&A F&A to J&J F&A to to 3.00 to 3.10 to 3.65 M&N 1.50 3.25 2.30 to 2.90 b 2.50 1.50 4 Ms 1938-1979 3 Ms 1939-1959 3s 1960-1977 to A&O M&N Oct b 1.00 East M&N M&N 1.00 2.50 1.00 1.00 1.00 1.75 2 60 b 1.00 East 1938-1948 4Mb 1938-1970 4 Ms 4 Ms Bdge 1938-1951—M&S 4Mb 1938-1940— M&S 4 Ms 1941-1961 M&S Dayton School Dist— 5 Ms 1941 M&S 5s Mar 16 *38-'46—M&S10 32M 1.50 to Braddock 4 Ms '38-'41—M&N 6100M to 2.30 Cambria Co 4MS Nov 1 '38-'45 6 1.80 to 3.00 Chester 4Mb 1938-1940—-J&J 6 1.50 to 2.30 Chester SD 4 Ms 1938-42 J&D 6 1.60 to 2.40 5 Ms W W Imp 1944—J&D 5s W W Imp 1945^—F&A 4Ms gen imp 5 Ms to 4Ms Water 1938-60 M&S Bethlehem School Dist— Dayton— to 3.60 31M Charlotte— 1.00 2.00 July 15 *38-'39_.J&J15 July 15 *40-'45 J&J15 Portland— 4 Ms Sewer 1939-59... Altoona— to 3.10 4 Ms 1938-1943 A&O 4 Ms Road 1938-1941— A&O - 1.00 4Ms Allentown— Cuyahoga County— to 4.30 5s July 1961 3.25 to 3.20% M&S A&O M&S to to 3.75 4Mb 1938-1962 5s Road 1938-1939—M&N 2.50 to Multnomah Co S D No. 1— 4s Water 1939-1958 1.00 NORTH CAROLINA 2.75 % to 3.20 to 2.00 4s Water 1938-1955...M&N 3.00 to 4.30 1.00 3.00 2.60 1938-47 4 Ms 1938-1960 101 3.10s Oct 1 1938-1964 Par 3 00 4 Ms Bridge 1938 1944. J&D 4 Ms 1949-1956 F&A 4s Bridge 1945-1955—J&D 4 Ms to 2.25 1938-1950 35 35 J&J Certificates of deposit— Eugene 5s 1942.. M&S 5s Harb Dev 1938-50.M&N 4 Ms Dock 1943 M&N 2.40 5 1.00 % Columbus— 4Ms July 1 1938-'62._.A&O 4Ms Marl 1938-*56—A&O 4s 1938-1958 F&A J&D 5 Ms 1938-1949 4s 2.10 100 3 Ms Water '45 op '25..F&A 5 1.00 3 Ms Sept 1 1938-62 2Mb Sept 1 1938 to 1956.. 5 1.00 Cincinnati to J&J A&O M&S 5 1.00 to 3.00 to 4.50 3 Ms 1943-61 3.30s April 1 Astoria 5s 1953 J&J 4 Ms July 1943 4 Ms Sewer 1955. 4s 1938-1956 Cleveland Heights S D— 6s 1938-1959. A&O b 1.00 to 4.50 to 1.75 to 2.50 1.00 to 2.80 1.00 to 2.15 1.00 to 2.00 35 35 2.00 % 3.00 to 2.75 to 4.00 2.75 Multnomah Co— to 3.40 Par to 1.00 15 1938-1940 3 Ms May 15 1941-1945 3.15 1.90 to 3.75 Par 2 Ms May 4Ms H'way '38-49 (s-a).A&0 4s Highway 1938-1942..A&O 4s Highway 1938^-1941 A&O M&S 6 2.50 1.00 2.50 to 3.75 OREGON 3.10 F&A 6 1.00 A&O 3.50 to 3.75 F&A 6 2.75 6 2.50 Certificates of deposit A&O J&D (reg)..M&S 5s 1938-1961 2.10 4.75 4.50 3.20 2 Ms 1938-1951 Yonkers— 3.25 0 to 3.10 6s Feb 1 1938-1952 A&O 5 Ms Jan 1938-1901—A&O 3.60 % 2.50% to 4.15 5 4.00 6 1.50 2Mb Sept 1 1943-49 Wolcott 4 Ms Jly 15'38-'42J&J 6 1.00 to J&D b 2.75 5s Water 1938-'47 M&S 6 2.50 4 Ms Water Works 1941 J&J b 2.40 6 600 Okmulgee 5s Mar 15 1943 5 4.00 ...J&D te Plains— 1938-1954 2.00 2.60 Aviation 1938-53.J&J b 2.50 F&A 6 3.75 5Ms Wat & Pk '38-49-F&A 6 2.75 —F&A 6 2.75 to 3.60 5 Ms Imp Feb 5s Julyl 1965 to 3.00 4Mb Parkway 1962-86-J&D 6 3.50 4 Ms Co Bldg 1938-44-A&O 6 1.00 2.75 4 Ms *44, '45. '56 & '69 J&D 1.00 4s Co Bldg 1938-59—M&S 3.20 4s June 1 1959-1964—J&D 1.00 3 Ms 1938-1951 J&D 3.10 3 Ms 1952-1980 J&D 1.00 s 1938-1951 —J&D 1952-1963 to Oklahoma City— 5 Ms 1938-1940 5 Ms 1938-1939 5s 1938-1947 to 2.70 4.40s 1950— Cincinnati— 5 Ms 1941 to 3.25 County— 4Ms 1938-1959 3.70,% 3.75% 5 1.00 4Mb Dec 5 1939-42 to 3.00 to 3.80 3.90s to (See footnote *) Canton School Dist— 5s 1954 to 2.60 6 1.80 6 1.00 s 2.60 to M'lifllrfiDVMW-n 4Ms % 3.60,% M&S 6s Water 1944-1959...A&O 5 2.90 to 2.50 to 2.00 5s 1939-1976 J&D 4M8 San Sew *38-'82—J&J to Tulsa— Ashland 5 Ms 1938-44 Canton— 5s Sewer 1953 to 2.60 1.50s 1938-1946 J&J 6 0.50 Thousand Islands— 4 Ms Bridge Rev '67-M&8 Westchester J&J J&J & *55 3.75% to 3.60 4.50 % 4s Water Works 1942.A&0 3.25 Allen Co 5 Ms 1938-50—A&O 5 3.00- to 4.10 to 2.60 to 2.40 5s 1938-1945 5 3.75 — 4 Ms 1938-1952 4 Ms 1938-1956 to 2.50 0.50 6 0.60 6 0.60 1938-1953 — 5s Water 1938-1953 4 Ms 1938-1947 Watertown— 4 Ms 4 Ms — Akron 6s 1938-1940 5Ms 1938 1951 to 2.90 0.50 6 1,00 bonds. to 3.90 Warsaw Union Fr 8 D No 10— 4 Ms to 2.75 5 Ms July 1946 to 3.20 5M8 highway 1938-'53_F&A 3.60 M&S 6 2.60 M&S 6 1.00 3.20 Forks— OHIO to 3.25 3Ms May 15 '38-'51-M&N to Zanesville—5s City Hall & Market 1938-1939 M&S 6 1.00 Zanesville S D 5s '38-'43.A&0 6 1.00 to 3.85 5s Mayl938 3.75 3.75 6 1.00 Utica— 4 Ms Pub Imp '38-'45_J&J15 4.20s 1938-1949 F&A 4.15s 1938-1950 M&N 4.10s 1938-1946 A&O 3.90s 1938-1948 F&A 2.90 1.00 OKLAHOMA Fargo 4s Aug 15 1938-54 revenue Warren Co 4Ms Called 4 Ms July 1951 4 Ms Jan 1957 106M 1977 A&O 105M 4s serial revenue 1942-'68— 6 2.40 to 3.70 f s to b to 2.00 to 2.50 J&J 1.00 NORTH DAKOTA to 2.30 6 1.00 6 0.75 1938-1965 Triborough Bridge— to b — to to 2.20 J&D 6 1.00 4 Ms 4s Sept 1938-1947 M&S ...M&N 15 J&J refunding 1948-56—J&J refunding 1956-68...J&J !?90 A&O — 4 Ms 1944-47 5s 1938-1944. to 3.50 to 2.50 to 3.30 4Ms 1938-1957 A&O Youngstown School Dist— to 4.00 to 3.85 &0 3.40 to 3.40 to 3.50 3.25 6s Bdge 1938-41 to 4.10 1.75 to 2.60 A&O b 1.00 A&O b 1.00 4 Ms 1938-1950 Youngs town— 33 4.00 4 Ms Pub Imp 1938-60.J&J Winston-Salem— to 3.20 to Toledo School Dist— 4 Ms 1938-1959 5s Ref & Impt 1955—A&O 4 Ms 1938-1962 A&O Grand A&O A&O 4Mb 1938-1950 4Ms 1938-1970 to 4.25 to 4.50 to 2.75 4Ms Sewer 1938-1953.-J&J 6 2.00 5s Water 1938-1950—J&J 6 2.00 5 Ms Water 1938-1950.J&J 6 2.00 Troy— 6s 1938-1940 reg 2.50 4.30 95 ~ J&J F&A F&A 4 Ms 3.00 to 3.40 M&S15 b 1.50 4Mb 1938-1953 M&S b 1.75 b 1.00 4 Ms Nov 1 1938-1953 4s Park July 1 1942 J&j 4 Ms 1938-1954 Rutherford Co 5s '38-'52—J&J M&N b 0.75 4.20s Dec 15 '38-'71 J&D15 b 0.50 4s 1938-1946 F&A b 0.75 3 Ms 1938-1951 J&J16 6 0.60 3s 1938-1971 J&J15 6 0.50 2.20% 1938-1957 M&S 6 0.50 2s 1938-1950 M&S 6 0.50 2.10% Aug 15 1946-1947— 6 2.20 IMS 1938-1946 M&S 6 0.50 Triborough Bridge— 105 M 4s s f revenue 1977...-A&O 4s ser rev 1942-68 A&O 6 2.40 Thousand Isl'ds—See "Watert own" J&J 94 90 to 3.00 4Mb 1938-1944 Ticonderoga S D No 5— 4 Ms July 1938-'58 Tonawanda (City of)— 4Mb 1938-1942 1951-1950 Toledo— 4.00 to 3.50 „ M&S A&O M&N M&N 1.00 1.00 0.50 0.75 May 151938— 1938-1960 5 Ms 1944.-J&D 1946-1950 b 1.00 Syracuse— 1 A&O b 1.00 to 2.50 % 4M 1938-1940 2.75 Randolph County— to 2.40 3.20 2.00 to 4.30 4Mb 1938-1967— to 2.50 - to 4.00 to 3.00 m 3.00 to 3.25 4.50 2.75 to 3.00 M&N to Summit Co— 5s Munic Bldg 5s Impt June 1 1.00 4 Ms I 3.10 % to M&S b 1.50 _M&S b 1.50 4s 1938-1955- 1939...J&J 4.60 % Raleigh— 1.00 Southampton— 2.75 to to 2 .60 Springfd S D 5s '38-'39_J&J2 b 1.00 5 4.80 2.25 5s 1938-1971 Suffolk County— 4.50 Net Ask 1.00 J&J 5s Fund June 1959 to 2.20 Springfield— 4 Ms 1938-1949 3.85 4.00 b Newark 4Ms 1938-1941—A&O b 1.50 Portsmouth City S D— 4Mb 1938-1950 J&J b 2.25 4.50 M&S J&J - 4.00 Lincoln Co— to 2.75 5s Dec 15 1938-1948 Solvay 4 Ms 1938-1940—F&A Somers (T) 4Ms'38-'53-M&N 1942-1958 Montgomery County— 5s Flood Emerg '38-'42 J&D to 4.65 Iredell Co 5s Aug 1 to 2.00 Bid Bonds Net Ask To or To or Bid Bonds Net Schenectady County— 4KB Yield Basis Yield Basis Yield Basis Bid Bonds date are tax-exempt. 6 Basis. / Flat price, n Nom * 98 STATE AND MUNICIPAL BONDS Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Yield Basis Yield Basis To or Bonds Bid Philadelphia (Concluded)— 4 lis 1976 opt 1946 4J<s Dec 17 1978J&J 4s July 1939_... J&J 4s July 1942—.———J&J 4s Jan 1 1946 4s Feb 16 1955 10314 85 45is fund 1938-'47-M&N15 Perkins Co 4 Ha fd 38-'47J&D 60 oi/amuy kjo 4%s iu 85 Stanley Co * jiB fd '43-'48 J&D Sioux Falls S D— .J&D b 3.00 514s Dec 1 1940. 103 103 1941-1959 -M&N Apr 15 1939-58_A&015 2.50 to 2.50 to 4s 1938-1942 4s 1938-1956 J&J J&D 2.15 to 2.15 to Pittsburgh— 4 lis 1938-1950 J&D 1« it _ 3s Sept 1947-1948 3||s 3j|s Sept 1 1944— Sept 1 1945 ¥.40 "¥.25 b 2.10 to 4.30 b 2.15 to 3.50 to 2.35 b 1.50 1.25 to 2.35% 4Ha Jan 1 1939 b 1.50 1.25 to 3.00 % b 2.00 1.75 4lis bridge 1944-1945— b 3.25 to 3.10 6s July 1 1943 6s April 15 1945-47 Carter County— b 3.20 3.00 5s funding Jan % to 2.65 84 90 85 95 7o 5s 1938-1950 F&A 4s 1938 M&S Scran ton School District—■ 1.90 to 3.20 J&J 6 1.80 4Ha 1938-1940 J&J 4JiS Impt 1940-1945—J&J lork 4 lis 1938-1943 F&A 1.75 to 2.60 2.60 to 2.80 1.10 to 4Hs 1938-1956 Wilkes-Barre— 1°.75 ISLAND Unempl Relief *38-M&S June 1 1939——J&D J&D 6 0.75" Public Wks 1951-56-M&S b 2.00 4s Charit Inst 1965 M&S 4s June 1 1977 J&D 6 2.80 ,o % June 1 1939-43 - vo Cranston— 4s 1938-1966 b 3.40 1 1959—J&J 514s road Chattanooga— to to 3.10 % 4 l|s Memorial Aud 5s Hospital 1954 Cocke County— % % 2.00 % 4 lis Road 1947 opt A&O 6 4.25 '52M&N 6 4.25 -.M&S 6 4.25 4.00 4.00 6 3.25 '39-J&J to 1.25 6 0.75 b 0.60 to 1—' to to to 3.10 78 83 - nr ——. _ 2.90 3.50 3.50 6 1.00 J&D to J&J A&O 2.00 48 Water 1962 J&D A&O J&D -J&D 2.65 1.00 1.90 1.00 F&A 2 lis 1938-67 WPA School Loan— 3s 1946-1965 6 2.00 J&J Woonsocket— 4 Hs funding 1941——J&D 6s Fund 1938-1961 M&N 4H« 1938-1967 1.00 1.00 J&D ~ .M&N .J&D J&D 1.00 1.00 1.00 5s 1938-1942 M&N 5s Funded 1938-1959—A&O 4s Funding 1947— A&O 1.00 SOUTH CAROLINA 6 2.50 >is Refunding 1940-55- 3lis State Highway— Otfs of Indebt iy40-49_ J&D 6 2.50 414* ctfs indebt '39-'53—J&D 6 2.00 4s lnstitu'l 1938 '59 J&J 6 2 00 2 lis Highway Oct 1 '45-'54—. 6 2.90 Aiken do 4 lis 1938-1945-F&A 6 2 .40 Anderson Co— 4Hs Highway 1938-43.F&A 6 2.50 103 Charleston—4Ha Jan '62.J&J 100 4s Refg 3? 'f«x-exem) J& J 3 lis Wat Works '38-'78A&0 6 2.25 95 Oheraw 5s '52 opt *32—July 1 _ Clarendon ou— 6s May 15 '38-'40-M&N15 6 5 00 Columbia 5s Ref 1941— M&S 6 3 75 J&J 6 3.75 414s Water 1945 J&J 6 4.00 M&N 6 2.25 Greenville—5s St 1942 3 Hs water ref 1939-76 2.50 Greenville Co 4 Ms '40-*55-J&J 4Ks Highw 1938-1945.F&A 6 2.00 to 3.25 % 104 101 to 3.50 3.75 3.40 3.40 to 3.50 to 3.50 to 3.25 to 3.15 6 2.00 Sumter Co 5s 1938-1952—J&J 6 2.10 York Co 4Hs 1938-'50 J&J 6 2.00 4 Ha Water 1938-1968-.J&J Wichita Falls— 3 M % to 4 M % due 1969 UNITED 96 to 3.40 3.50 to 3.75 3.00 to 4.40 84 86 STATES—See pages 19 & 91 3.75 % 91 93 93 95 s 95 101 97 103 4 lis 90 94 94 96 99 97 101 3.90 % 100 6 2.00 to 3.75 6 3.50 6 1.50 6 1.50 6 3.30 6 3.60 6 1.50 3.10 3.40 to 3.50 6 1.50 to 3.40 6 3.60 1.50 1.50 1.50 2.25 1.25 to 3.25 2.00 to 3.25 1.50 to 3.50 1.25 to 3.50 1.25 to 3.00 6 5.10 4.75 6 3 60 6 3.40 3.40 3.25 6 3.40 3.25 6 2.25 to 3.40 to b 3.40 b 1.50 2.00 to 4.25 4.40 4.00 4.00 3.75 to 6 1.50 to 3.00 % 3.00 % 96 101 less 1 102 104 102 98 . 93 - 99 li 96 (Commonwealth) 1962 %ctfs of indebt July 1' '39 • Refunding 1947-'60—J&J s Refunding 1938-'46—J&J Albemarle Co 5s 1948 J&J Alexandria 6s 1938-1956.A&0 Arlington Co 5lis '38-*54 F&A Bristol 5lis Sch 1938-53 .J&J Charlottesville 5s 1962—M&S 5s Water Impt 1958...J&J Danville— 4 Hs Ref Aug 1942 F&A ~ mm — - *• 6 1.75 6 1.75 to 3.50 to 3.65 6 1.75 to 3.50 6 3.40 to 3.60 6 3.90 3.70 6 2.00 to 2.25 6 3.00 6 2.00 to 4.15 to 4.00 100 6 2.00 ¥85 to 4.15 to 4.25 5s W W to 65 65 101 50 . 6 2.00 to 3.25 6 2.00 101 99 3.00 5 Too* to 3 40 % b 1.50 b 2 .50 to3 60 to 4.25 6 3.75 3.25 3.25 to 3.26 Fairfax Co 4 lis 1945—F&A2 6 3.00 Henrico County— 2.75 4 lis July 1 1939-1950-J&J J&J 6 1.00 4 lis June 11957 J&D mchburg— 4 lis Pub Impt 1939 J&J 4Ms Pub Impt 1946...J&J % to 3.50 to 8.25 1.50 6 1.50 6 3.50 4 lis Water 1951 J&J 6 350 4s Pub Impt 1939-1959.J&J 6 1.50 J&D 6 4.00 F&A 6 4.00 1 1941—M&N 6 4.00 4M%April 1941-47 5% Water May 1952 5% Port Terminal May '52_ 5M% School Oct 1961 Petersburg 4lis 1952...A&O 1.00 % 300 3.00 to 3.50 6 2.00 ——M&N 6 2.00 4 lis 1938-1954 5s Water 1948 Richmond— 4 lis 1949 4 lis 1958 4 lis July 1 1964 4 ||s July 1 1941 4 lis July 1 1965 6 4.00 6 4.00 6 4.00 6 4.50 3.50 3 50 J&J 6 4.00 J&D 6 4.00 to 3.50 to 3.50 J&J 2.80 J&J 2.80 2.80 J&J J&J J&J 2.25 2.80 2.40 J&J 2.25 J&J 2.40 4s J&J 2.40 1943 3.90 6 2.00 3.50 3.50 3.50 J&J to 3 1948—F&A —A&O 6 4.00 1938 to 1943— 4s 1941 4s Blec Light 1942 to 3.00 purch 1950—A&O to 3.50 5 lis 1951— F&A 6 4.00 to 3.50 lis Impt Oct 11942.-A&O 6 4.00 to 3.50 4lis Scb and Sew 1938.J&J 6 4.00 to 3.50 to 3.25 1938-1951—J&J to 3.50 4 to 2.50 6 2.60 6 4.00 6 4.00 to 3.50 Portsmouth— to 3.25 to 4.00 1938-1960 120 100 6 3.00 6 3.00 4s M&N M&N —M&N 5s Impt Aug 1 4 lis 4.00 2.70 6 3.75 Ell Paso ~ ti 2.15 to 2.25 VIRGINIA 4s t4sstreet Nov A&O 6 3.70 School 3.00 VERMONT 3 lis 1938-48 J&D 6 0.75 4 lis Oct 1 1938-1949—A&O 6 0.85 Middlebury 4s 1941 M&N 6 4.25 Rutland 4 lis 1946-18 J&J 6 2.85 Norfolk— 97 214s 1938-1957—-—J&J Dallas Co 414s Apr 10 1951.. 6 3.25 5s Vlad't & Bridge Feb 10 1954 opt 1924——Apr 10 less 1 lOOli is 1943 to 1.70 4 lis Feb 1953 98 105 A&O 4s \a Rural Credit— f 4s Aug 1 2.40 to Newport News— 98 Corpus Cbrlstl 5s fd '67-F&A 6s Water 1938-1959—F&A / 3.00 % 1.50 Salt Lake Co 4 Ha Apr 1 1942 6 1.80 School 5s 1938-50 RpnyApln. Pn less 1 2.25.% to 2.25 „ 2.00 to 4.00 414« 1938-1970 4|| 1938-45 4>i 1946-65 to to 3.40 6 58*1938-1960 1.60 % 1.00 % 1.00 % 4s Ref 1938-1945—. .A&O 6 0.75 .A&O 6 2.35 to 2.90 514s Impt Apr 101956-1965 6 4.00 Cameron County— 414? 1938-1942 M&S / 60 5s Road Mar 15 1938-1957— / 60 BOUTH DAKOTA 6 4.00 b 3.30 ...J&J b 1.15 3.40 ° 1.50 ...J&J 6 1.75 Road 1939 4s Ref 1946-1965 Salt Lake City S D— 3.25 to 3.25 to 3.75 — b April 1 1941 ...J&J b 1.15 July 11939 Ogden 4Ji% 1938-1945..F&A b 0.75 Salt Lake City— 5s Refunding 1941... ..J&J 6 1.65 92 92 _s 4s 1953-1977 to 3.80 to 3.50 3.00 to to 3.50 314s 193&-1952 3.50 to 3.25 f Flat price to 3.25 4s May 1 1949...... .M&N 6 2.50 Abilene 5s Feb 15 '59-'65— Amarillo45is '38-'58-M&S 15 Austin— 5s 1938-1942 J&J 4 lis 1938-1961 —J&J 414s 1938-1953 J&J 4 lis 1954-1958 J&J Beaumont— • 5s Water Works 1954.M&S 5s 1938-1939— A&O 5s 1940-1965 A&O 414s 1938-1970 J&J 4s 1942 opt 1922 J&D 3.40 6 3.85 6 2.00 Basis, to 2.75 to 3.25 4148 1948 to 5.50 2.00 to 2.80 1938-1939.J&J 4l|s Water 1940-1965.J&J 3.00 to 3.75 6 3.00 5s Sept 1 1939-—. 2.75 6 to 3.20 2.00 4 lis 1938-1968 F&A 6 2.00 3s July 1 1938-1951 J&J b 2.00 San Antonio 8 D 5s '56..F&A b 3.25 4.00 - Water May 1 1943-'50—M&N '43-'49—F&A 1946 F&A ab 1 1947 F&A to 3.25 6 3.90 TEKAS Spartanburg— le to 3.50 2.50 6 4.20 % to 3.50 6s Rural Credit *38-'40—A&O 6s Sept 1941 ...M&S 5s June 1 1938-39 J&D 6s Jan 15 1938-*40 J&J15 Is Jan 15 1943 —J&J15 fa Rural Credit 1942- -J&J to 3.25 to 3.25 4Ha Oct 10 '38-'59—A&O10 Funding" 1952HB2-"—"A&O 100 6 2.00 Spartanb'g Co 414s*38-'47M&S 2.00 6 3.00 b 2.00 2.00 2.00 M&N Waco— 5s Water Works 1942—J&J Tipton County— to 325 . 5s Nov 1 1943 to 2.00 to 3.00 to 3.00 to 3.80 4.50 4lis Road July 2 '38-'58J&J 6 Washington County— 5% Fdg Jan 1 1954 J&J 6 White County— 514% Highway 1955—M&S 6 to 3 .15 4.00 M&S 6 2.00 4s L r , 6 1.50 6 2.25 6 2.50 to 4.60 5s Sept 1938-1959 M&S 5s St Impt Dlst No 2 1943. 4 Ha 1938-1967 J&J Madison County— ,1 M&N 6 4.25 1938-1946.F&A to 3.25 to 3.25 6 3.25 6 4.75 6 4.00 41i % Highway '38-'49 J&D Memphis 5s July 1954—J&J 2.80 5s River Term *38-'48_A&0 2.80 4 lis Water 1938-1962-J&J to 2.75 % 414s Water 1949 J&J to 2.25 434s Park 1959 A&O to 2.30 4 lis 1938-1955 J&D 4s 1938-1954 M&S to 2.60 % Montgomery Co—5s Cumber¬ land River Bdge 1953-F&A 3.00 Nashville— to 4.25 6s 1938-1942 A&O to 3.75 5s March 1938-1960-M&S 5s Memorial Sq '38-50-M&S to 3.60 414s High Sch 1940 J&J to 3.60 s Hospital '38-'56—J&J to 3.20 % a 1938-1968 M&N to 3.75 s 1938-1967 -J&J 3°.30 ..s 1938-1948 M&S Polk Co 5s 1938-1946 J&D Robertson County— 414s Road 1948F&A Shelby County— to 3.20 % 4s Courthouse 1957—A&O 5s Aud Mkt H'se '49—M&S to 3.10 % 4 H% Jail 1940-1951—M&S to 3.25 % Smith County— to 3.50 % 5 lis Fdg 1938-1958—J&J Greater Greenville Sewer Dist 414« 1967 2.25 6 1.50 6 1.50 Tarrant County— 414s— 4 lis 5s 2.70 2.75 1938-1950 1944-1951 to 3.25 F&A b 4.00 4.70 1 19581 1958 1958— 1958-— Wofn* A lifo —J&J M&N2 4s Oct 1 1964 5b 1938-1970 San Antonio— 5 Ha W W 1938-65 6 5.00 Funding 514s Sept 1950— 2.75 % 4s July 1956 4s May 2 1957 4s Oct 1 1954 6 2.00 % UTAH Refunding 414s Jan Refunding 4!is Jan Refunding 5s Jan 1 Refunding 6s Jan 1 General Obligation General Obligation General Obligation 3.60 4 Hs 6 1.00 to 3.25 Port Arthur— Knoxville— 2.75 School 1954--.—M&N Providence— M^orsoEW Oo 5s Highway 2.75 93 514s Impt 1938-1946—J&D County— 414s Bridge May 1 *51 M&N 6 4.00 4 lis 1950 -J&J 4 lis Sewer 1952.-..-_J&D Marlon Co— 4 lis 1938-1941 6 3.00 to 4.50 6 2.00 Knox % 3.50 % 2.30 % Ills 3s 4 00 to3.25(% 6 3.00 Johnson City— Pawtucket— 4 lis 1938-1959 4s Jan 1 1945 Ref 1938-1948—-J&J 414s 3.75 % to 2.50 % b 1.00 .... Davidson County— % 0-OQ. H'—« booo o Grimes County— 5Ms Road 1938-54.A&0 10 Harris Co— 4 Ms Apr 10 '38-'56_A&010 4 Ha Road Apr 10 '38-'60— Houston— 5s Sewer 1939 M&N 4Ha Sept 1938-1952—M&N 4Kb 1938-1957 J&J 4M Impt 1938-39(s-a).J&J 4 Ha Impt 1940-55<s-a)_J&J 4 Hs 1942-1947-Ind Sch D 3s '38-'66-F&A Houston S D 5s Feb 1952 4 Ha 1938-1951 J&D Palestine 5s Sch Aug 1 1939, 1944.'49.'54. *59.'64 2.75 414s Highway 1947—J&J 5% Co Memorial '38-'50J&J Dyer Co ref 3 34-4 lis 1965 Fayette County— 1.00 4 lis Road 1958 J&J 0.75 Gibson County— 1~45 % 4>4s. 1940-1958 2.40 % Hamilton County 2.60 414 % Refunding 1957-A&O 2.70 % 5% Bridge 1944 to 3.50 Newport— ± • 4 Ha 1938-1939 M&S 5Hs June 1 1938-1953 41i8 May 1938-1942..M&N 4s May 15 1948 M&N 3|is g High sch 1954-J&D 4s 3.30 Jackson— 4Hs Mar 15 '38-73.M&S15 5s 1938-1942 A&O 8 1939 414s School 1956 to 6 Sept 1 1955-1958 4 lis Dec 1 to 3.00 RHODE J&D 4Hs 1940-1967.— 414s Jan 1 and Feb 15 1939— 2.60 *38-*41—F&A 2.80 4s 1940-1955 1.75 1.80 4 lis 2~75 b 3.05 to 1.50 Public works Relief— 6 2.60 b"3.00 3Hs 1948 3.90s 4K% 1953 J&D Reading 5s Impt 1943-49-J&J Schuylkill County— 4 lis 1938-1955. J&J 101 J&D to 2.60 6 1.00 b 1.10 2^s Sch Dist 1938-62-A&O 510014 2Ms July 1 1938-,56 —J&J 610014 Scran ton 90 less 1 100 1 1946 2 Ha _ J&J 4s 1938 to 1939 A&O b 3.80 to 4.25 J&D 6 2.00 to 4.25 2.00 to 4.25 F&A 2.00 to 4.25 F&A 4s Refunding 1941 3.00 to 3.25 J&J Tnd Sch D 4s '38-*64..F&A 2.00 to 4./ 5 3 lis Nov 11938-1967.M&N 1.25 to 4.00 Galveston— 5s Grade Raising 1944.A&O 6 2.50 to 3.00 % 5s School 1938-1954—M&S 6 2.00 to 3.25'% 5s 1938-1956 A&O 6 2.00 5s 1938-1959. TENNESSEE 3.15 3.60 3.10 3.10 3.50 to Ask 4 Ms 1938-1971 4 Ha 1938-1964 70 _ 2.00 Bid Fort Worth— 5s 1951 85 90 104 '10014 97 To Net or Bonds Net 101H J&J {a 1938-1943... 80 Ask Jackson 10114 101H 10214 4s Nov 1 1966... 4s July 26 1972 J&J 3 lis July 1 1986 opt 1956— Bid Corson Co 5s fd 1938-'47 M&N Co— 10414 Bonds Yield Basis To or Net 104 J&J J&J J&J idelphia School Dlst— Ask 3.75 t Optional to Jan. 1 1938 at 105, 1943 at 104, 1948 at 103. 1953 at 102 and 1958 at 100 jan., 1938] 99 state and municipal bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue Yield Basis Bid Roanoke— 4Kb Street Impt May 1940 4Kb Pub Bldg 1941—M&N 4Kb Pub Bldg 1944—M&N 4Kb April 1952 A&O Staunton fis 1938-58 M&S Tazewell Go 5s 1938-46—J&J Washington County— 5s school 1938-49—— J&J Ask 6 3.50 5s 6 3.50 6 2 50 to 3.50 6 2.50 to 3.50 6 2.50 to 3.50 % b 1.25 to 2.00 6 1.25 6 2.80 to to 2.90 6 2.80 to 2.90 % M&N Bridge 1939-49.M&N 6 6 6 —M&N 6 4Kb 1938-1950 Pierce County— 6 2.00 4Ks 1938-1944 to t • V 1 b 3.00 6 3.75 to 4.40 to 4.25 to 6 3.75 Mercer Co 5s '44 op '24 A&O 15 I no Morgan town 5s 1938-48—J&J b 1.50 % KM Lt & Pr 1939-'58__M&N 6 2.75 to 4.60 % to 3.50 % to 4.00 % to 4.60 % 3.60 to 3.50 I 100 K 3.00 TOOK to 3.50 5s Wat Wks 1938-52—.J&J 3.25 b 1 25 to 3.40 to 2.40 to 3.40 WISCONSIN to 3.60 to 2.50 Eau Claire 4Kb 1938-'44.J&J Green Bay— 4Kb 1938-1947 A&O 6s W W 1938-1960 M&N Madison— 4Kb 1938-1949 J&D Milwaukee—5s 1938-'40..J&J to 2.25 to 3.00 to 3.10 to3.30 to 3.25 to to % to 3.60 % to 3.60 % to Wheeling— to 1 to 3.35 Ask 100 K 5s 1938-1952 .J&J 6 1.00 Clarksburg 5e 1938-1953.A&0 *< 1 00 Clarksbg S D 5s '41 op '21M&S 100 * Hancock County--—5s Grant Road Dist '46 opt '32.M&N 99 K Huntington 5s 1944..——Oct 6 3 25 to 4.50 Spokane— 4Ks Park 1962 J&J 4s & 4 Kb ref 1938-51.. J&J 6 2.00 3Kb Ref 1943-1954 —J&J 6 2.40 4Kb 1938-1954. M&S 6 2 00 6 Mb 1938-1953 J&J 6 290 5s Imp—Mar 1 1938-'42 6 2.00 Spokane Water Revenue— 4Ks-4Ks 1938-41 A&O 6 1 50 —J&J J&J Bid Charleston S D— 3.75 to 4.50 6 3.25 6 2 50 6 2.75 to 4.20 Seattle School Dist No 1— 4s 1946-1950— M&N 6 3.10 to 3.30 4KB 1945-1954 4Kb 1938-1943 4s 1939-1950 or Bonds Charleston 4 Ks *41 opt '27 J&J 1 Port of Seattle 5s '38-*55 M&S 6 2.00 4Kb Jan 1938-1955J&J 6 2.00 8eatwe— 6s 1938-1941 L & P—A&O 6 2.50 6 Kb L & P 1938-43—M&N 62.50 5s Light & Pow 1942-50A&O 6 4.25 6 Basis. Ask Tacoma—Revenues-— 3.75 4Mb Water '39-*43 (s-a)J&J 6 2.00 4Mb EIL&P '42-*46(s-a)J&J 6 2.50 1.50 to 3.60 % 4KsEIL&P'38-51(s-a) A&O 6 2 00 4s Water 1944-46 J&J 6 3.00 2.00 Walla Walla— 4 Kb ref wat l938-*54—-J&J 6 2,00 1.75 to 2*50 % 1.75 to 2.25 % Yakima— 5 Mb G O sewer 1939—M&N 2.25 to 2.50 % 5b Wat rev 1938-*51—J&D 6*2.00 2 50 to 3.00 % WEST VIRGINIA 3.00 to 4.00 5b Highway 1938-1946...J&J 6 0.50 2 50 to 4.00 % 101 Water ref1938-45 6 (8 Water ref-—1938-39 6 Bridge"1938 % 2.30 % 2.90 % 6 2.80 M&S [8 Water ref--.1940-42 Bid {Concluded)— Gen oblig 4Kb *38-'40.A&0 4KB 1941-1955 A&O 4Kb 1938-1957——A&O 4s mun lt & pr'38-'53„M&N 3K mun It & pr '43-53 A&O 3Ks mun lt & pr *38-'54A&0 3.00 3.00 3.00 3.00 6 3.50 6 3 50 Refunding 6e 1953....M&N Everett-— 4Kb Gen oblig wat.1938-59 6 Revenue Bonds— 5Ks Water 1938 To Net or Bonds Seattle WASHINGTON 6s Gen Fund 1938-1940—.J&J 4K% Gen oblig 1938-1943J&J 4% Gen oblig. ...1948-50 8K% Gen oblig .1950-51 3K% Gen oblig. —1951-52 Qlark Co 5Ksp52 opt *33 A&O Yield Basis Yield Basis To Net or Bonds 4Ks 1938-1945 —.J&J 4s 1938 1944. J&J Milwaukee County— 4Ks Ct H'se '38-'50 M&N15 4Kb Sew Mar 12 38-'45 4Kscourth'se '38-49 J&D16 Racine—4Kb 1938-'57—M&N 6s 1938-1941....— F&A Racine Co 5s 1938-1940-J&J 4Kb 1938-1950... J&J Superior 4Kb Sch '38-'44.J&J Wood Co 5s 1938 —A&O 3.40 3.25 to 2.60 2.45 to 2.70 0.50 1.20 to 2.40 -J&J ...J&J 2.50 to 2.65 3Kb 1951 and 1952J&J 3 KB 1943-1952—1 J&J 3s Sept 1, 1938-1946——M&S 2Mb Sept 1. 1946-1960—M&S 2 Ks Nov 11938-62 M&N 2Kb May 1 1944-1962 1.40% July 1. 1938-'39-.J&J 2.50 to 2.40 2.30 0.85 2.20 to 2 0.80 to 1.25 6 1.00 to 6 0.50 to 2 00 6 0.75 to 2.40 6 0.75 to 6 6 6 6 6 6 to 0 75 0 75 0 75 1.00 1.00 1.25 to 3.75 2.75 2.40 2.60 to 2.40 to 2.60 3.25 2.75 2 75 3.25 to 3 75 &o 1.25 to to to to to 2.60 0.75 to 2.50 to 2.50 to 2.65 2.25 6 1.00 6 1.00 6 1.00 4s July 1948-1952 to 2.60 6 1,00 6 1.00 6 0.50 WYOMING 50 4s Road 1951 opt 1941 A&O 6 2.00 Natrona Co S D No 2— 5s 1938-1944— ...J&J 6 1.50 to 2.60 to 2.50 1.50 to 3.25 / Flat price. Quotations are as near as possible for the closing day of the month preceding the date of issue Surplus $ Premium 1936 Reserve $ Capital Unearned Dec. 31. Par % Surplus Per Ask. Casualty & Sur (Hartford)........ Agricultural (Watet'n) 10 3,000.000 12,443.233 10 7,500,000 19,356.455 10 15.000.000 18.266.430 25 3,000.000 6.123.209 10 3,000.000 4.356 634 5 1,000.000 6.226,166 13.240.995 16.583,266 7.658.984 5,040,327 1,863.963 Knickerbocker (N Y) Lincoln Fire (NY) Manufacturers Cas'ty (Phila) 340.779 200.000 1,000.000 1.859.397 3,343,740 16.284.614 1,000.000 6.123.138 1.000,000 2.118,887 300.000 300.000 7,500.000 5.120.993 5.000.000 6,831.284 1.500.000 2,621,129 1,000.000 2,980.159 3,000.000 15.134.403 1.000.000 2.331.872 2.000,000 5.026.399 71,005 770,437 11,483.367 1 190,142 2 024.031 761,633 Amer Alliance (NY). Amer Equitable (N Y) Amer Fire (Wash'ton) 100 Amer Home Fire(N Y) 10 Amer Insur (Newark) Amer Reinsur (N Y). Amer Reserve (N Y). 10 Amer States (Ind'nap) 10 Amer Surety (N Y)_. 25 Automobile Ins(Hartf) 10 Baltimore Amer (Bit) Bankers & Shipp (NY) Boston (Boston) 100 Buffalo Ins Co (Buff) 100 Camden Fire (Camden) 5 Carolina (Wilmington 10 NO.) Central States Life (St 5 Louis) 2& — 85 38 K .8* National Cas 530 350 17 K * 644.349 17 K 1,841.318 City of NewYork(NY) 2K 17 K 2,000.000 5.000.000 1,000.000 3.127.599 136,993,878 80 85 6,064,272 171.396.914 2.432.617 19.533.628 ir 36 K (NYl Fidel & Guar (Bait).. Fire Assoc of Phila Fireman's (Wash'ton) Firemans Fund (S F). Flremens I us (Newark) Franklin Fire (Phila). General Reinsurance. Georgia Home. 22 12,581.703 12.277.295 6,636.525 500.000 1.011.072 862,173 1,000.000 1.828,604 1.164,001 18 K 19 K 2,500.000 10,265,336 5 1,000.000 3.487.420 15 1,200,000 19.728.971 10 tl .163,414 6.124.501 2,400.810 6.126,390 35K 37 K 24* pi 25 5 5 5 10 10 (Glens Falls, NY). Globe & Republic.... Globe & Rutgers Fire. 2d preferred. 6 Amer Indemnity (New York) . 9«42 92 w* 33 53 28 z68 II* 73 North River Ins (N Y Northern Ins Co(NY 76K Phila Life (Phila) Phila Nat (Phila) Phoenix Ins (Hartf).. Preferred Accident 917~457 IK 13 K 6 (New York) 422.519 200,000 Insurance Co of State of Pa (Philadelphia 10 1,000,000 2,226.143 Insur Co of Nor Amer 10 12.000.000 65,872.181 (Philadelphia) Kansas City Life (Kan¬ sas City. Mo)..... 100 1,000.000 9.478.93- 75,631 7K 5 10 5 10 10 10 5 10 10 2 5 20 20.087.097 ■ 2.447.964 4.314.470 20 5 1.000.000 1.000.000 2,000.000 1,576,168 3.208.554 tl8.000.215 1.000,000 5.932.330 1,636.245 2,066,520 5.809,845 4,319.050 2K 10 1,000,000 981.327 557,769 2,000.000 1.000.000 5,387,212 2,638.603 - 10 10 25 10 5 10 10 10 1,000,000 1,000.000 3,721*132 1,000.000 866.344 230.285 550.000 700,000 256.954 1,000.000 1.381.463 6.000.000 38,182.318 22 3,147*575 28.502 102.778 100.000 512.461 8.255.807 2K 12K 72 K 1.000.000 (Providence) ReinsuranceOorp(NY) Reliance ins (Phila).. Republic (Dallas).... Revere (Paul) Fire—. Rhode Island (Prov). - . 2,751.917 1,691.588 13 3,000.000 7.579,972 4,273.235 25K 1 10 10 10 5 l.oooT.ooo 2.057",089 879",151 2.742,889 1,864,874 1.157.237 2,121.180 1.160.062 1.675,507 17 20 K 1,000.000 1,704.712 1.500,000 2.396.949 4,000.000 22.419.614 500,000 1,548.511 1,000,000 1,324,040 2.000.000 4.580.974 811.319 2.848,145 8.647.086 606.865 715.010 8.904,700 11.322.935 1,155 6 2,000.000 1,000.000 1,000,000 18K 5K American .... (Hartford) 10 5 10 (Springfield, Mass) 25 5.000.000 14,253.397 5 500.000 1.091,638 Stuyvesant Fire (N Y) Sun Life Ass'ncejOas) 100 4.000.000 Travelers Fire (Hartf) 100 20.000.000 18.118*207 U S Casualty conv pref 2 1.000.000 2.147.255 U S Fidelity & Guar¬ 2 2.000,000 7,329.395 anty (Baltimore)... U S Fire (New York). 4 2.000.000 23.248.606 10 2.000.000 5.227.916 U S Guarantee Co... 8 Univer Ins (Newark). 400.000 1,863.501 Virginia F & M (Rich¬ 25 1.000.000 1,308.763 mond).— 5 West Coast Life (S F) 375.000 649.639 Westchester Fire (NY) 1,000.000 11.613.091 Wisconsin Nat Life... 400.000 876.396 (NT Hav). Springfield Fire & Mar 5 10 No par value, t Consists of $525.0001st preferred. $563,413 2d preferred, and $75,000 Junior preferred stock. merged in 1930 with American Reserve Ins. Co. s Ex-dividend. 13 m Washing¬ ton Rochester 36 5.132.465 771.637 28 * 5.801.131 25 54 420 112 1.453.466 9.282.912 Security Ins 53 K 3.368,880 91,763 6.691.342 1,000.000 57 K 27 14.621,852 3.000.000 24* 33 8 1,117,004 706.343 10 25 25 K 1.424.975 ' 10 St Paul F & M (StP). Seaboard F & M (NY) Seaboard Surety (NY) Importers & Exporters 1.920,780 1,000.000 1,115,111 750,000 750,000 5.000.000 22.234.295 4,000.000 11,328.842 320,937 100.000 1,100.000 5,520.351 4,000.000 (New York).. Providence Rossia Ins 6.765.043 44,874.929 2.129.771 Home (New York)—. HomeF & M (SF)... Home Fire Security.. Homestead Fire (Bait) Brunswick Fire (New Brnns. N J)— Hampshire Fire (Manchester, N H) New Jersey Insurance (Newark, N J).... New York Fire- (Rochester). 1 3,000.000 7.955.263 14,500,000 64.598,858 1,000.000 2.965.086 193.779 4.932.000 1,000,000 1.212.966 .... 71 25 K 2.073,384 37 1.018,205 1,524.802 1,000,000 36K 105 20 New NorthwesternNational (Milwaukee)...... Occidental Ins (S F).. Old Line Life (MUw). Pacific Fire (N Y)._. Pan-Amer Lire (N O). Peerless Casualty.... 31 3.656,717 13,182.221 568,614 4,548.418 31,156.533 (Hartford).... 4,969,752 3,824,104 1,000,000 (Minneapolis)..... 3K 39 K 4K 1,000,000 3.933.913 8.150,000 28.572.635 10 2.000.000 2,081,290 10 4.000.000 8,746.031 10 12.000.000 49.476.073 ... 2,000.000 3.747,992 1,000,000 110010,710 750.000 703.250 400.000 Northwest Fire & Mar 28 Gr Great Amer Ins (N Y) Halifax (Halifax, NS). Hanover Fire (N Y). Hartford Fire (Hartf) Hartford Steam Boiler 24 K 7,500.000 16.057,897 9,397,690 11,072,999 3.000.000 12.449.757 1,000,000 5,397.308 10 20 11.035,621 11.035,621 1,823.101 144.035 New 8,125,172 19.276.020 733.822 3,073,3 609,1' 2.226.265 0.397.772 14.792.093 2.953.436 Gibraltar Fire & Mar Glens Falls Insurance ... 2.168.299 18K 1.750.000 3,903.196 5.000.000 71.826.432 1,000,000 1.051,821 1,500.000 2.500.000 755.095 502.710 4,000.000 11.894.919 2,400.000 5,116.134 3.750,000 57,994.448 1,000.000 2.000.693 2.000.000 9,800,058 200.000 463,678 2a 5,476.241 5,476,241 (Baltimore) '441,318 2.492.244 Fidelity-Phenix (Detroit) Nat Union Fire (Pitts) New Amsterdam Cas 1.038.021 2ft . 69 500,000 (Hammond, Ind)— Continental Ins (N Y) 2K Eagle Fire (Newark). Employers Re- ins (KO) Excess Ins (N Y) 5 Federal Ins (Jer City 10 20 Fidelity & Dep (Bait 2.799.143 2.799,143 Ask, Insurance (Providence). 400.000 1.500.000 Columbian Nat'l Life 100 (Boston) Conn Gen Life (Hartf) 10 Continental Assurance 10 Continental Casualty 10 Merchants $!** 24 ... 10 210,000 19K 31 5,795,443 8.192.322 2 373.440 2.947.936 4,347,850 2.101.956 4.973.696 1 000.000 % 8K 9K Bid 5 5 25 115 Reserve $ 2.583.255 225.577 Maryland Casualty—1 Mass Bonding & Ins (Boston).... 12'2 Merch Fire Assur/com (New York) Ipref Merch Fire (Denver). 10 Merchants & Mfrs Fire (Newark, N J). 4.167.426 Premium 1936 Capital share Aetna Aetna Insur (Hartf)— Aetna Life (Hartford) Par bnearneu Dec. 31. Bid. 1 Policy 652.938*688 2.145,325 13.732,443 9.315,899 2.569.525 406,512 592.908 20,527.486 5.281.108 31.476 reserve, a 13 14 K 46 K 48 K 40K 10 30 10 35 12 15M n* Company was J Banks & Trust Companies STATE ANI) NATIONAL BANK STATEMENTS Quotations in this department are given per share, not per oent, except for stocks of Canadian Institutions, possible for the closing day of the month preceding date of issue, though often are nominal. « An asterisk (*) as near as sales. and are denotes ' . Figures of deposits, capital and profits for the National banks are from the C > nptroller's last call; for all other tutions they are the latest obtainable, direct returns being procure! by us wh3re no perio lie statements are required. the Clearing House banks of New York, deposits are taken from the latest weekly statement. National Banks June 30 alabama Capital Skate Institutions Gross Surplus & Profits Par Deposits Bid Capital Ask Birmingham— : 125,000 e 82,264 Long Beaoh— WeeternTr a 8a 500.000 ...... Preferred........ al.840.000 Industrial Say Bank. d 126.000 First National Bk— 944,959 e 81.700 Bk d 40 ....... . Savings Bank Farmer* a Mer. NatSecur-Flrst Nat Bk— Amer Nat BkATr Co 376.000 255310 1.000.000 <1,277,010 1.000.000 1.459.531 Merchants Nat Bk.. 225.00< Par 15.4!l,918 Ask Bid Pr N ion 2.832.588 50 5.000.000 [2.506.855 101.920,429 1.000.000 Preferred Oitlaena Nat Trust A 42X 25 Mobile— First Nat Bank.-... Gross Deposits re Los AngelesCalifornia Bank— a60 25 55,751.238 State Institutions June 30 sa 25.036.694 J100 t 20 1,194317 100 Common 1.203.549 2.500.000 7.000.000 Common........ Preferred........ v $ 482,740 232,783 $ 1.000.000 Farm a March Bank. 50 1303,973 Surplus A Profits For Nomi Nomi nal. Per share. Bank for Savs.ATrts. nirm'ham Tr A Bay Common California June 30 insti¬ 70 100 20 57H W 5.119.802 121,140.217 Union Bank a Trust 3.396,333 10 12 12% Central Bkof Oaklauo 20H 23% 22 K 4,240,000 114,158,323 5.000.000 3.000.000 Common-------- 24.000.000 113150,000 570,894,708 Preferred 9.500.000 2.500.000 2.650.685 38,875.584 2,868,916 21,244,930 18,327,066 m 125 1O1 373 % 420 /2ft 100 43 % 40% 10S% 115% OaklandBank of Commerce-- MontgomeryAlabama Nat Bank. 300.000 212.061 Farmers a Mer Sav First Nat Bank— Common 583.603 h Preferred. Union Bk At Tr Co— 17,127,919 85.099 1,000,000 1,886.950 246.250 ... 1,480.476 240.492 37,634,111 10.035.345 100 100 100 14 H 14 g* 1,000,000 3.750.000 300.0(M) Pasadena— 100.000 50.000 ... Preferred.. ».... 300.000 348.663 5.804.870 350.000 650,000 741.611 14,708,286 Security Nat Bank.. Common 150.000 300.000 31,631 307,878 1,713,778 3,756,734 Saoramento— d Capital Nat Bank Citizens Bk of Sacra. Merchants Nat Bank d Sumitomo Bk of Cal. 965.000 50,000 246.500 145.000 1,077,378 143,180 116,963 66.804 30,289,137 4175.000 148,384 3,416,118 Citizens Coral Tr A P First Tr a Say Bk— Common Preferred. Pasadena-First N Bk Selma— 400.000 4120,000 i 200.000 4350.000 Olty National Bank. People's Bk a Tr Co. Selma National Bank Selma Tr a Say Bank 197,474 2,673.698 1,336,843 1,516.316 100 25 100 1,576.866 91,520 220.809 115,715 100 i 50 [25 60 125 1,532,860 5,020,564 1,205,532 mrnrnma 20 *250" 100 100 100 100 N o re cent 100 aa es ■ SanBernardlno— American Nat Bank. National Banks State Institutions ADT7HMA AIU£.UlvA June 30 San DiegoFirst Nat fas Bk. 41.500.000 San Diego Tr a S B Common......... 260.000 I June SO Preferred........ Security Tr a Say Bk Nomi nal. Per share Btsbee— Miners a March Bk. 248,054 250,000 5,765,040 100 550,000 5,893,366 t 20 4,072,628 t 25 550,000 147.773 N Common ....... Preferred b ....... 600,000 1,227,600 J 660,972 250,000 389.812 35.888,791 {OH o re cent sa Valley Nat Bank- les 025 12,686,125 125 133.633 42,157 7.870,585 3.122.212 125 100 100 "lo" i25~" 5,314,790 211,775,572 8,312,429 109,384,624 20 80 14 % 14 H 181 195 102 100 125 135 San Francisco— Anglo California National Bank... 15,400,000 Bank of Calif, N A.. Bank of Amer Nat Tr 250.000 4H 26.018,162 200,000 _ PhoenixFirst Nat Bk of Arts Phoenix Say BkATr 3% 423,791 760,150 497.500 600,001/ United States Nat Bk L0< 6.800.000 A; Save Assoc 50.000.000 Bank of America.... 1.500.000 Bank of Canton..... 500,000 Bank of Montreal... 1.000.000 Canadian Bk of Com 1.300,000 Crocker First Nat Bk 6,000,000 The San Fran Bank. 6.000,000 Pacific Nat Bank 1.000,000 Wells Fargo Bank A Union Trust Co... 9.000,000 41% 44 H 2,217.422 18,854,965 100 125,000 2,434,457 194 191.883 4.427,350 100 190 100 152 490,746 19,081.520 375" 7.931.464 124,188,059 100 315 8.568.465 156,972.799 1000 12.000 13,000 8,438,768 100 120 347,658 57,268.718 1280720,385 12U ■ TucsonSen Arlsona Bk A Tr Yokohama Specie Bk American Tr Co— 100 8,311.664 ■ :f Common........ Preferred........ 1,000.000 8,541,696 206,651,259 295.730 4,168,370 7.500.000 [6,493,475 265.449.619 7.500.000 San Jose— First National Bank. *270 100 p I 20 28 26 39 41 ■ _ National Banks June 30 600.000 830,745 10,147,876 100 Santa Ana— Commercial Nat Bk. First National Bk— 4145,000 110.019 1,700,500 12% Common......... arkansas 564,700 435,300 233.896 10,437.777 /100 200,000 1,000,000 512,098 828,500 121,648 Preferred Fort Smith— Olty National Bank. First National Bank- Nom inal. Per share 299,000 500,000 500,000 116,198 489,464 560,087 2,769,097 7,417,847 9.785,428 100 100 300.000 200,000 100,000 395,342 102,707 40.490 9.122,489 3,319,523 1,127,210 20 25 25 Peoples Nat'l Bank. Twin City Bank... Preferred........ N o 800.000 185.500 | 368.215 4673,500 302,276 10,390.575 [ 20 t 20 13.573.983 re cent sa les Preferred........ Simmons Nat Bank. 100 100 100 o cent sales Outstanding preferred stock consists of $1.140,000 1st pref. of $20 $700,000 of 2nd pref. stock. 6 The Valley National Bank of Phoenix, Ariz., Increased its capital stock from $400,000 to $600,000, c 50 as of Dec. par 15, 1937* d Common and preferred stock outstanding, Savings deposits, March 4.1936. / Dec. 31,1936. Quotations for the San Diego First National Co., which controls 97% of the stock of the First National Trust A Savings Bank of San Diego, Calif. 0 Pine Bluff— Nat B of Commerce. Common........ 4,782,635 11,094.023 2,283,938 t Controlled by the Transamerica Corp. of San Francisco, Calif. a e W B Wort hen Co.. 375,000 value and retirable at $50 a share, and 25 Union Nat BankCommon........ StocktonFirst National Bank. Stockton SAL Bank Union Safe Dep Bk. 1140 1100 •Sale price. Little BookCommercial Nat' ........ 50,000 I 50,000 400,000 57,410 A Preferred stock of the retired on Dec. 20,1937. 2.075.639 [100 1100 823.014 12,169.115 / 100 325 1 Sept. 15. 1937. I Last sale price, p First Par value 100 n yen, New stock. National Bank of Montgomery, Ala., 7 . Jan., 1938] BANKS / See CANADA (Page AND TBUST COMPANIES \ National Banks June 30 111; COLORADO June 30 Capital Cross Ask Bid Par Deposits Nomi nal. Per share. Oolorado Spgs.— Colorado Sav Hank.. Colorado Spgs Nat B Common Preferred class A.. 50*000 1,710,803 69.384 2.410.505 84.500 300.000 300.000 First National Bank. 146.853 100.000 E (change Nat Bank. Cross Surplus & Profits Par Deposits Bid 355.002 7,302,918 10.107.053 $ 313.310 3,9514247 975,063 708,686 % 210.000 500.000 Central Nat Bank,.. Farmers' Bank...., Industrial Trust Co. Union Nat Bank.... Delaware Trust Co.. Equitable Trust Co. Security Trust Co... Wilmington ^ rv> 2,176,820 19.452,112 2,351,961 3,740,428 10,591,433 16.823.962 9,131.718 62.484,451 625.000 203.175 1,000,000 / 763,182 1,500.000 /2,712,886 933.487 672.600 4.000.000 11,737.071 . 100 100 50 25 25 100 25 60 50 Ask Nomi Per 110 300 39 75 160 68 150 215 State Institutions * June 30 WilmingtonSurplus <& Profits State Institutions June 30 DELAWARE Capital National Banks 101 nal. share• 41 80 7i" 165 225 100 [100 382.060 100 100 NatlZl isnk' DIST.0F COLUMBIA Denver— American Nat Bk- Nomi nal 300.000 1 150.000 350.000 Oommon Preferred Central Sav Bk & Tr Colorado Nat Bank Common Preferred Colorado State Bank Denver Nat Bank... First National Bank. National City Bank. Union National Bk IJ S National Bank.. International Tr Co. a 97,438 1.000.000 11.392,553 800.000 ........ ........ . 422,243 60.000 97,125 14260.000 cl ,508,587 1.500.000 2,449,252 34,971 100.000 100.000 550.000 500.000 a a 22,400 2.157336 1,648,102 Washington— 8.230,676 r so I 50 4,995,005 1U0 37.406.566 noo 1100 1,667,198 100 50 30.869,115 55,776,291 100 1,021,640 648.891 26.886,497 15.081,454 Per Anacostia Bank City Bank Columbia Nat Bank. Bank of Oomm A Sav Hamilton Nat Bank. N o re cent sa les "loo 100 100 145.000 490.000 490. a a 4,813,236 3.212,416 22,386,408 6.903,266 9,938,187 5,084,689 9,338,612 2,992,300 23.930,044 250,000 100,000 1,000,000 Liberty Nat Bank 500,000 Lincoln Nat Bank 4O0.000 McLachlen Bkg Corp a 345.000 Nat Bank of Wash. cl ,050.000 Nat Capital Bank 200,000 Nat Metropol Bank. 800.000 Riggs National Bank Common......... 3.000.000 554.305 Preferred........ 1.317.500 Second Nat Bank a580,000 / 390,661 Secur Sav A Com Bk 274,459 a588,000 Amer Secur A Tr Co. 3.400,000 4.638.695 Mlnnequa Bank Pueblo Sav A Tr Co Common........ Preferred........ 1,103.179 142,230 500.000 30.000 100.000 109.000 53,496 1 20,774,172 2.023.049 5,319,713 100 100 Nat Sav A Tr Co— Common Income debentures 100 Munsey Trust Co Union Trust Co Wash Loan A -Tr Co. National Banks National Banks CONNECTICUT StateInstitutions 200 100 z235 27 20 mmmmm 29 149H 165 100 100 100 100 100 270 287 320 100 101 15.520,212 5,276,488 10,727,899 25,437,109 State FLORIDA June 30 16 176 75 130 125 225 8,241,269 7,013,092 48,954,003 1,000,000 11.806.432 613,700 2.000,000 1,274,881 2,000.000 1,011,623 1.000.000 2.355,864 ........ [100 10 share. 150 86,435.478 (100 . i4' Pueblo— First National Bank. 100 ion 1,787,702 7.750,520 67,396 272,411 529,229 245.400 844.525 310.000 804,965 204.565 627,134 214,694 1,728,228 50 *240 m • — m m mm-rnrn 140 60 loo 48 142 100 245 60 175 285 225 260 (100 100 80 100 100 85 100 238 295 95 Institutions June 30 Nomi nal Nomi nal. Per share. BridgeportFirst Nat Bk A Tr Co Common.. 500.000 i 1.485.000 ...... Preferred........ Black Bock Bk A Tr. 103,000 1,180,730 100.000 a 2300.000 Brldgep't City Tr Co 265,991 9 21.912,219 1,600,000 26.399,550 4< 60 25 38 70 40 North End Bk A Tr 25.000 125.000 25,000 Common 1st preferred... 2nd preferred..... West Side Bank- [ 25 50.547 95 100 [100 213.930 165,000 99.500 Common...... Preferred...... 1,370.997 1.482.898 r 25 [100 45 50 Hartford— 300,000 197,266 150.000 1,005.508 1.150.000 906,888 100,000 / 118,825 4.000.000/4 *',458,468 100.000 198,264 1.600,000 1,972,053 100,000 143,114 4.000,000 /3,710,231 100,000 147,195 250.000 189,241 125.000 111,139 Capitol Nat Bk A Tr Conn River Bkg Co. First National Bank. Glastonbury Bk A Tr Hartford Nat Bk AT Iidustrlal Bank Phoenix St Bk A Tr. East Hartford Tr Co Hartford-Conn Tr Co Park Street Tr Co Riverside Trust Co. . Sims bury Bk A Tr Co So End Bk A Tr Co- 50.000 50,000 500.000 200.000 100.000 Common........ Preferred Travelers Bk A Tr Co West Hartford Tr Co Windsor Trust Co. 53.695 2,763,691 7,774.262 14,282,227 1,653,874 64,8034250 260,272 32,979,823 1,821,676 42,401,553 3,190,983 3,045,805 1,892,427 799.320 25 30 100 50 10 100 100 25 25 23 450 120 10.445,381 3,093,404 1.624,271 LakelandFlorida Nat Bank... 0 25" 23 Meriden Nat Bank Meriden Tr A S D Co Poritan Bk A Tr Co a 363,266 78,804 110,707 50.163 265 285" mmm~mm 61 55 25 63" ...... 2514 —.... 5100 100 VlOO 100 160 6,061,930 25 1,556,126 5,771 ,25 1.3974211 25 100 10 9 24,199,364 36,877.444 100 25 175 22 134.358 1,727,200 25 70,245 668,886 72,361 279,950 42.806 1,470,531 29.047,360 169,474 6,773,054 1,563,552 100 428,270 14.456.224 100 share 11 mmmmm 32 mmm mmm 130 125 JU0 155 100 25 100 "130"' 200 rnrnmmm Common......... Preferred Florida Bank a 120.000 I 68,000 loo.ooo 155,839 126,456 5.084.394 (20 1 20 5,888,806 100 Pensaoola— American Nat Bank. Olt A People's Nat Bk 400,000 200.000 472,709 145,797 5,216,914 3,126,018 100 100 50,000 200.000 22,886 52.618 1,013,504 1.972,674 100 100 St. PetersburgFlorida Nat Bank 200.000 243.343 6,327,014 25 437,609 826,975 155.304 15,715*783 100 First National Bank. hi ,350,000 First Sav A Tr Co 600.000 15,604,527 1,649,563 100 100 West Palm Beach Fla Bank A Trust Co. West Palm Beach At¬ d lantic Nat Bank.. 100,000 50,610 1.380.526 100 200.000 208,088 6,753,480 ♦ 100 35 mmmmm ...... —... ...... 0 TampaBroadway Nat Bank ...... Meriden— 500.000 150,000 100,000 150.000 41,070,624 OrlandoFirst Nat Bank- 100,000 1,250,000 Exchange Nat Bank. Home National Bank 100.000 Miami— Amer Bk A Tr Co... 200,000 First National Bank1,200.000 First Trust Co 100,000 Florida Nat Bk A Tr 0 400.000 Little River Bk A Tr 100,000 Miami Beach First National Bank... 300,000 984,362 1,190,208 776,547 St. AugustineExchange Bk St Aug 8t Augustine Nat Bk h 130* mm m 25 25 25 25 Per ........ mmm 100 740,525 238,500 130,100 27 JacksonvilleAtlantic Nat Bank.. d3.000.000 Barnett N B of Jack. 1,500.000 Florida Nat Bank flfl ,500.000 20 15 190 10 21 100 185 105 200 125 ...... I5o"" 70 165 108 70 125"" 90 ~ 15 . ■. I New Haven— Amer Bank & Tr Co 249.200 a First Nat Bk A Tr Co Common. Prior preferred... Oonv preferred. . / 954,489 26.962,289 779,144 9,522.618 12,407,868 920.000 . New Haven Bk NBA Second Nat Bank... Tradesmen's Nat Bk Common Preferred Un A N Haven Tr Co 2,491,018 100 100 50 211,243 630,000 504,000 37 906.009 170.000 180.000 65,033 , ,458,700lf 1,065.843 125" 50 57 78 82 3.131,818 (100 100 135 105 115 *100 14.114.836 100 800,000 491,648 4,829,546 100 347.952 91,260 197,512 46,176 2,529,466 1,770,918 872,869 50 100 100 3,359,471 1,824,486 25 100 N 300J000 WInthrop Trust Co.. 270i000 NorwichThames Bk A Tr.... Uncas-Merch Nat Bk 550,000 200.000 . re sa cent les • 389,450 155.334 19 110 a 120 . .... 640,000 78,696,437 86.436,475 100 tio 10 30,292,093 [100 "14H "15H 26J* 250 650"" 700 [100 3.443.604 21,225,583 100 100 Sale price, Includes preferred stock or debentures outstanding. August 3,1937, d Member of the 1.000.000 /1,283,001 200.000 728,407 700.000 f 1.091.896 12,087.291 5,475,322 9,112.923 100 100 100 150 165 155" 165" e Atlantic Group in Florida. Affiliate of the First National Bank of Atlanta, Ga. / Sept. 30,1937. Member of the Florida National Group. h Affiliated with the Barnett National Bank of 600.000 250.000 288,000 1.000,000 300.000 11,628.315 100 120 180,724 5,462.224 2,741,015 207,042 7,843,299 25 32 100 100 20 32 320 100 673,705 , 833,319 k New stock. 1 Last sale. n * March 31,1937. r . Combined statement. t Trust funds. x y 27 H 225 b Retirement price, c 0 . Nomi nal. Per share Atlanta— American Sav Bank. 200,000 n 103,490 Citis A So Nat Bank. r5,000,000 2,891,778 First Nat Bank 5.400.000 4.536.001 Fulton Nat BankCommon........ 1,000.000 ( 821,873 Preferred 475000 Ga Sav Bk A Tr Co.. a 997,500 224,206 Trust Co of Georgia. «2.000,000 2.449.516 t Branch of Savannah * Water bury— Oltls AMfrsNat Bk Waterbury Nat Bk— Common....... Preferred.. Colonial Trust Co... Waterbury Trust Co Institutions June 30 ..... Nat Bk of Commerce New London City National Bank... Union Bk A Tr Co.. Fidelity TitleATr Co Stamford Trust Co.. State GEORGIA 125 62 50 HeW London- Stamford— First-Stamford Nat'l Bank A Trust Co. National Banks June 30 40 545 45 100 800.000 750.000 110 Ex-dividend. stock all owned by Travelers Insurance Co. Jacksonville, Fla, BANKS 102 National Bank* June 30 GEORGIA 760.000 Oitls A So Nat Bank. f5,000,000 Nat Exchange Bank. • 400.000 State Institution* Par Bid Fourth Nat Bank... 8,995,242 78,696,437 3,169,997 100 5,925,651 1,641,378 2,084,421 1.180,639 2,657,502 Home Savings Bank. Merch A Mech Bank 784,348 108,199 138,000 43,803 339,749 860,000 200.000 300.000 76,000 200,000 100 172 176 no & 90 100 Elgin- % 100,000 300,000 100.000 Elgin Nat'l Bank... First Nat'l Bank Union Nat'l Bank... N o 100 re cent 105 sa les 100 Cent Nat Bk A Tr Oo Com Mer Nat BkATr 78,696,437 1,207,323 6.701,242 61 210 City Bank A Tr Co.. First Nat Bk A Tr Oo s 337 592 14 H i l 156,098 226,309 600,000 686,600 Liberty Nat Bk A Tr i Savannah Bk A Tr. Citizens Bk A Tr Oo Common Debentures 78,696,437 4,669,658 3.886,570 rtOH 0 0 100 Jefferson Tr ASav Bk Common 1,614.187 84,900 200,000 146,000 11,290,008 50 24,940,183 14,879,106 20 96.965 2,421,706 83,148 1,391,423 100 690.649 100 200,000 I 90,000 150.000 Quincy— B'dway Bk of Quincy 111 State Bk of Quincy 15)4 100 100 N o rec ent les 20 {::: 100.000 "50" "so*" 100 152,407 100.000 45,257 50,000 16,906 92.103 326,032 140,572 319,507 9,332,503 4,763,642 8,131,113 100 500.000 500,000 510,530 9,388,983 101 150.000 70.000 500.000 200.000 State St Bk A Tr Oo. 37.744 200,000 Peoples Bk of Quincy S'thSideBk of Quincy UH e 18,722 200.000 199,000 Debentures Mercantile Tr A 8 Bk 10 100 100 1,496,949 7,349,633 1,478,291 ,15)4 8avannah— 2 891,778 Nomi nal Per share 758,044 858,988 1,361,653 660.000 Common OitlsA So Nat Bank- r6.000.000 Ask Bid Par 78,940 649,805 161,817 c 600.000 Capital notes 2,891,778 Gross Deposits $ 2,000,000 First National Bank. South Side Tr A Sav B 1 110,000 600.000 Sept. 30 Peoria— 100 Maoon— OitlsA So Nat Bank. r6.000.000 Surplus & Profits Capital Institutions State ILLINOIS Ask Nomi nal Per share. Columbus— Columbus Bk A Tr. First Nat Bk of Ool__ COMPANIES National Banks June 30 June 30 Deposits $ 451,322 2,891,778 142,065 $ Augusta— Georgia RR Bk & Tr TRUST Gross Surplus & Profits Capital AND 241,518 5,148,175 [ 50 361,471 114,865 11,580.809 297,000 40 3,829,267 /100 100 120" 716.010 100 40 645,936 1,532,286 100 40 5,438.907 130 50 100 Bookford— Illinois Natl Bk A Tr Oo Swedish-Am Nat Bk. Third Nat'l Bank.. I 200.000 250,000 I'" 40 SpringfieldNational Banks State Institutions IDAHO June 30 First National Bank. / Illinois Nat Bank— June 30 Common JSIomt nal. Per Boise City— share Common ........ Preferred... First Security Bank. Boise Trust Oo Preferred Springfield MarlnoBk First State Tr A S Bk Ida 1st NatBk ofBoise 429,657 600,000 \ 600,000 tt.138.000 1,509,311 18.563.123 100 100 sa 42,996 89,413 50 100 40 N o 26.762,918 I None 100 125.000 re cent les National Banks INDIANA June 30 National Banks June 30 ILLINOIS State Institutions June 30 State Institutions Sept. 30 Nomi nal. Nomi nal. Per share. Aurora— Aurora Nat Bank... Merchants Nat Bank Old Second Nat Bank i 160.000 300.000 107,791 187,577 388,500 / 74.621 3,449.638 5,290,086 3,392,795 100 N 100 100 sa Kvansville— 0 re cent Franklin Bk A Tr Co les Lamasco Bank National City Bank. North Side Bank 160.000 100.000 300.000 200.000 150,000 200.000 Belleville Nat Bank. Belleville Savs Bank. First National Bank. Bt. Clair Nat Bank- 69,504 39,729 204,451 100 100 125 100 100 rnrnmmm 100 30 259,235 173.541 3,234,608 1,197,283 2,480,217 4,048,576 2.345,098 100 245 125 63,914 2,952,761 100 100 500.000 100.000 150,000 100,000 500.000 Citizens Tr A Sav Bk Belleville— Belleville Bk A Tr Oo n Citizens' Nat Bank.. -mmmrn 250 150 i Per '/it ' ; 709,882 179,805 26,236 31,174 571,284 37,777 199,700 share. 225 100 200 160 100 100 110 100 100 110 100 100 150 160 100 110 125 150 101 100 13,627,593 1,188,918 1,314,262 868,814 12,161,726 1,644,740 175 Old National Bank— 500,000 500 000 J 318,799 Mutual 1,735,856 1.200.000 594,996 Common Preferred Peoples Savings Bk- - 15,360,404 J100 uoo 8,057,734 100 Fort Wayne- Chicago— Aetna Lincoln Nat Bk A Tr State Bank— Albany Park Natl Bk of Chicago In proc Am Nat Bk A Tr Oo. <1,600.000 Austin State Bank. 200.000 . Beverly State Sav Bk Central Nat Bank... City Nat Bk A Tr Oo 100,000 300,000 4.000.U0U Cont HI N B A Tr Oo Common 40,000,000 Preferred 35.000.000 Cont Nat Bk A T Oo 1,500,000 250,000 Oosmopolit'n Nat Bk i ess of orga nization. 952,652 48,020,673 99,848 4,446,314 66,864 2,091,427 146,132 5,051,262 2,462,712 120,643,680 160 180 40 30 35 80 100 11 14 100 1,844,749 Preferred. Drexel State Bank.. Drovers Nat Bank.. First National Bank First Nat Englewood Halsted Exch N at Bk Hamilton State Bk.. I-C National Bank— Kaspar Am State Bk 106 102 a 33's 100 275.000 \ 325,198 325.000 ' 300.000 302,717 1.000,000 1,434,134 ........ . 200.000 200,000 500,000 Milwaukee A v N't Bk Mutual Nat Bk of Oh I 200,000 200.000 400.000 200,000 f 300,000 Nat'l Builders Bank. Nat'l Boulevard Bk. f Metrop State Bank.. Mld-Clty Nat Bank . National Security Bk North Shore Nat Bk. Oak Park TrASav Bk Personal Ln A Sav Bk Pioneer Tr A Sav Bk Sears-Corn State Bk. 500.000 500,000 200,000 I 200,000 500.000 2,000,000 i 375.000 Security Bk of Chic. Skala State Bank... South East Nat Bank State Bk of Clearing. Terminal Nat Bank. UnivSt Bk of Chic.. i Upper Ave Nat'l Bk. Uptown State Bank. West31st State Bk.. Western St*<te Bank. Amalg Trie Sav Bk. < Banco di Napoli Tr. 200,000 700,000 200.000 200.000 120,000 200,000 299,500 300,000 300.000 100,000 200.000 400,000 300,000 800.000 City Bk A Tr.. Drovers Tr A Sav Bk i 550,000 East Side TrASav Bk 200,000 Harris Tr A Sav Bk. 6,000,000 Lake snore Tr A S Bk I 796,000 Lakevlew Tr A S Bk. 600.000 Mercantile Tr A Sav. 600,000 Northern Trust Co.. 3,000.000 300.000 Pullman Tr A Sav Bk 20 re cent \ 20 sa les Dime Trust A Sav Bk Common 10,797 200,000 1 50,000 300.000 1,048,089 ... Debentures 1,056,696 20 People's Tr A Sav Oo Gary— Gary State Bank— 11,446,871 20 I Gary Tr A Sav Bk— < 612,515 18,994 13,108,086 1,925,547 100 500.000 275,000 6 105 100 95 100 Indianapolis— Common Class A preferred. 28 155 Fountain Sq State Bk Indiana Nat Bank.. 198 20 2 Live Stock Exch Bk. 170 180 125 Marion Co State Bk. 120 35 1 32 165 45 People's State Bank. 1 1 1 • Merchants* Nat Bk. Bankers Trust Co • Fidelity Trust Co 1,000,000 11,045,299 30,453,852 f 10 875,000 1 10 100.000 99,789 1,929,062 100 3.000.000 5.582,306 108,869,399 100 i 200.000 186,093 1,282,704 100 i 8,624 62,500 470,474 100 100 1,250,000 s2,216,318 29,139,569 I 450.000 100 42,065 2,133,683 500.000 515,361 3,0e3,104 100 i 184.500 185,893 3,525,396 100 15 12 mmmmm' alO • mmmm "325" 340 130 140 m m mmm "220"" 240 mmmmmm mmmmm mm mmmmm mm- » 100 ----- 150 165 100 170 mmmmm 100 70 100 330 Fletcher Trust Co- Liberty Nat'l Bank live Stock Nat Bank Madison-Crawford Natl Bank Main State Bank... MerchandlseNat'lBk Merchants Nat Bk.. Chic 0 1 American Nat Bank 100,000 57,979 2,481,182 / 20 100,000 1 30 40 i 447,500 175,711 6,829,056 i.ooo ,000 897,145 27,309,727 100 100 30,000,000 31,812,574 884,943.361 200.00O 760,164 5,736,003 100 200.000 153,355 6,130,052 100 200.000 50,082 2,018,036 100 20 200,000 53,087 2,569,584 250,000 67,780 2,466,466 Lawndale Nat Bank Common Preferred J 385,424 15,340,390 105 \ 24491,702 1015616,004 / 331. \33i» 415,608 1,792,960 100 43.680 90 10 10U District Nat Bank— Common 400,000 420.000 Preferred- 100 20 18,582,736 N Ft Wayne Nat Bank Common 101,879 146,620 748,107 68,225 92,687 78,441 60,051 206,039 194,943 624,991 162,581 51.096 175,957 1,518,871 988,954 272,050 221,291 57,600 87,233 39,095 284,697 289,694 276,383 173.307 25,922 169*184 329,053 156,971 998,419 378,291 59,686 10,261,258 263.308 1,260,186 413,053 9,594,811 315,707 12.243,253 11,119,684 23,632,486 100 3,520,621 6,192,481 17,041,204 4,866,865 3,290,924 10,366,381 4,640,831 8,954,434 5,623,533 15,995,289 7,728,346 3,401,870 7,961,363 6,178,455 16,697,693 8,268,077 32,298 2,804,000 6,102,019 2,292,049 6,830,987 5,696,969 5,982,725 7.403,507 678,328 3,060,460 7,229,372 5,394,788 22,024,369 10.637,129 1,005.466 197,778,144 10,792,115 25.674,295 100 100 15 20 190 57 205 61 145 150 /10 110 20 10U 100 90 185 80 175 mmmm 100 100 80 20 100 170 100 15 . mm 27 100 100 .. mmmmm 32 I— 15,138,717 4,279,182 21,148,023 250.000 250.000 799.000 250,000 <1,000.000 129,900 150,784 205,049 168,513 24,582 mmmmm mmmmm 360 10 2,869,998 1,410,690 10,025,358 4,037,962 3,056,940 100 100 100 ■ 100 N ........ Preferred... Terre Haute 250,000 477,500 J 110,119 250,000 440.000 J 661,236 First Nat Bank- Common........ Preferred 0 re cent sa Merchants Nat Bk_. 148 160 /100 Terre Haute— Common 87 140 20 St Joseph L A Tr Oo mmmmm m 77" 25 100 100 100 100 First Bank A Tr Oo. i Merchants Nat Bank i mmmmmm 50 100 50 36,161.037 South Bend- City Nat Bank 30 140 70 180 130 60 J 858,988 105 90 25 100 50 1,500,000 Debentures 935,000 Indiana Trust Co... 1,000.000 si ,238,392 i 399,200 210,042 Security Trust Co Union Trust Oo 1,000.000 2,482,129 ..... Citizens Tr A Sav Bk m 95" Common les 5,589,489 f 100 1100 16,295.757 f 20 \ 10 - 124" 134 "~23"" 27 85 205 75 190 • Sale price. t Branch of Savannah. * Preferred stock retirement price. b June 30,1936. c Dec. 31,1936. ■ , - - a 100 mmmmmm mmmmm 100 rnmmmmm mmmmm 100 mmmmmm mmmmm luu mmmmmm mmmmm 100 50 100 mm m m~m 85 145 m mmmmm 95 155 "io5 *280"" 295*" 50 100 100 100 56 210 450 225 150 470 100 160 175 140 59 d stock* s Affiliate of the First National Bank of Atlanta, Ga. / The First National Bank of Springfield and the First State Trust A Savings Bank of Springfield, Ohio were consolidated on Dec. 22,1937 under the title of the First National Bank of Springfield with a capital of $500,000. g Stockholders of the Mutual National Bank of Chicago, 111. to vote Jan. 12, 1938 on a plan to increase the bank's capital stock from $300,000 to $400,000 of $100 par value a share. i Common and preferred stock or capital debentures outstanding, n Reserves. o June 30, 1937. Combined statement. r s V Sept. 30, 1937. Ex-stock dividend. BANKS Jan., 1938] National Banks Burlington— 75,000 200.000 June 30 2.133,000 3,091,238 Baton Rouge— Par Deposits $ City National Bank Common 100 100 Gross Surplus & Profits Capital Nomi nal. Per share $ 43,810 98.096 Ask Bid Par State Institutions June 30 LOUISIANA Cross Deposits S Farmers A Merch 8 B Nat Bk of Burlington National Banks June 30 Surplus & Profits Capital 103 COMPANIES State Institutions IOWA June 30 TRUST AND % 300,000 250,000 259.603 8,027.587 10 13 15 Common Preferred 300,000 270,000 342,482 8,379.374 [100 t 80 100 115 1,000,000 151143827 1,250.000 32,187,085 /100 85 {.! Louisiana Nat Bank 500,000 250,000 50,000 1,403,647 133,447 27,409 30,099,993 4,187,011 100 20 re cent 937,176 100 sa les Council Bluffs— City National Bank. 150.000 99,678 160,710 2,486,827 3,821,877 100 /100 Ask Preferred „ Cedar Rapids— Merchants Nat Bank People's Say Bank.. d United State Bank.. Bid Nomi nal. Per share. N o New Orleans— Amer Bk & Trust Co Ceun Bluffs Sav Bk. First National Bank. Common Preferred 150,000 State Savings Bank. 100.000 55,700 lOi 67,381 1,499,613 87,633 1,637,844 100 600.000 el,002.055 26,484,914 100 J 44,300 1100 C100 Common Preferred Hibernia Natl Bk Common Preferred Nat Bk of Commerce Common Dob Moines— Bankers Tr. Co— Common Preferred A...... Preferred B 250.000 650,000 100,000 150.000 Cap City State Bank Cent Nat Bk & Tr Co Common Preferred........ Des MolnesBk&TrCo d 21,943,440 First National Bank. 25 25 93.142 550.000 450.000 150.000 , 1,849,619 23,048 lswa-Des Moines Nat Bank A Trust Co: Common / 1,250,000 Preferred 1,750,000 Heme Savings Bank. d 150.000 c25 100 c25 21,507.088 J100 \ 100 1,410,448 635,145 38,566,548 ,1,080,583 National Banks [100 1,561,056 267,085 4,202,164 100 100 100 N o re cent 300.000 250.000 399,337 85,855 8,737,930 4,137,844 100 100 sa les First National Bank Live Stock Nat Bank 400.000 Tey Nat Bank Security Nat Bank.. Weedbury Co Sav Bk 300.000 250.000 228,658 216,812 361,879 191,380 42,305 10 6,410,541 4,982,026 1100 100 6,399,938 100 5,479,874 100 2,046,846 100.000 National Banks June 30 150.000 Exchange Nat Bank. , First National Bank. 21H 22 27 26 66 2^41130 27,141,653 18,548,579 8,296,410 State 10( 115 110 mr 95 10C 125 ioo" Institutions June 30 339,089 423.919 10,417,401 8,656.341 100 25 8,648,406 8,585.198 $ 32 35 10C 100 . N o re Preferred j 457.071 12,644,101 cent sa J 20 les llOO PortlandCanal National Bank Oasco Bk A Tr Co First National Bank- State Institutions 448,897 251,387 286,187 13,141.056 176,148 431,700 550,000 143,300 Preferred A 8,849,804 3,823,267 5,159,291 6,859,968 385,265 600,000 200,000 400.000 400,000 Common........ Sept. 30 58,762 106,009 239.194 150.000 250.000 1,716,425 2,848,988 6,443,671 100 105 100 25 100 40 20 37 27 40 33 37 [ 50 59 24 64 40 c40 50 National Banks 100 June 30 State MARYLAND Institutions June 30 100 Kansas City— Nomi nal Per shar« Baltimore- Osmm'l N Bk of K O Common Bait Comm'l Bank. 300.000 I 224.372 148,314 11,551.482 f 10 I 10 2,711,718 100 183.852 rioo 446,000 J ...... Exchange State Bank 200.000 Common. e 106,000 1 Preferred River view State Bk. 94,000 100,000 J e 5,127,207 Common.. Preferred Calvert Bank Canton Nat Bank 327.797 uoo 3,756,286 | 100 Carrollton Bk of Bait Commonw'lth Bank. First National Bank. Nat Cent Bk of Bait. 150,000 150.00C 50.000 Manufac'rs State Bk 157,198 244,156 24,272 2,127,243 2,476,535 843,912 100 100 100 N Topeka— o re Oentral Nat Bank... Central Trust Co Citizens State Bank. d Fidelity Sav State Bk 500.000 400,000 77,500 b 200.000 385,124 284,496 9,242 78.596 cent sa 9,994,341 UOO 1,124,870 1 100 676,804 2,480,465 100 60,000 1 42,858 140.000 52,371 50,000 155.330 200.000 '536,441 500,000 100,000 25,910 100.000 32,300 les State Bk d 1,321,677 1100 1.000.000 1.000.000 100.000 200.000 Kansas State Bank.. Southwest Nat Bank Union National Bank Common.. Preferred 107,000 1 93,000 Union Stock Yde Nat d 100.000 1,275,872 817,249 23,236 207.589 Fidelity Trust Co.. Maryland Trust Co 1.000.000 Safe Dep A Trust Co Union Trust Co 738,011 100 100 First Nat Bank.. 8,794,929 1,429,211 1,525,000 100 June 30 27,200,001 Common Capital notes. Second Nat Bank.:.. 100 Common Capital notes.... 100 100 3,900,778 / 61»I c62X l«2», 1,182,128 50 FrederickCitizens' Nat Bank.. Comm'l Bank of Md Farm A Mech N Bk. Frederick Co Nat Bk State Institutions Preferred Fr'k Town Sav Inst. June 30 West Maryland Tr.. Nomi nal. Per share. Covington— 200.000 390,785 5,205,892 200,000 I 75,000 550.000 150.000 250.364 5,052,761 15 358,300 62,871 6,604,855 1,663,690 40 387,500 221,046 2,689,964 71,736 200,000 I 350,000 1.000.000 1,036,297 150,000 375,435 182,585 150,000 b 500.000 517,381 1,299,887 . . orf 0 d * I 10 t 9,393,819 372,484 3,730,161 104,445 158.296 1,660,148 1,480,729 180,782 6,607,443 153.907,053 497,044 6,292,983 5,262,827 540,000 528,137 12,650,752 277.249 2.349.310 1,280,308 33,869,896 843,755 17,845.346 1,000,000 11,088,792 1,700,000 1.500.000 3,921,844 247,695 600.000 2.000,000 4,640,804 o2.500.000 e2,096,128 35.778,194 23,358,445 1,489,062 24,638,068 34,882,889 20 50 "so" 100 10 45 1 10 4; 52; 1C 6 54 150 100 30 20 25 125 42 100 21 16 19 67 72 u° 50 ""34" llH 45 13 15 "225" 100 62 100 235" 525 10 545" 2 1H 100 d 154,317 399,000 100,000 99,500 500,000 5,845,827 1.397.311 100 110 120 I 25 36 38 219,770 6,240,221 50 130 155 150,000 \ 298,500 148,390 3,408,962 / 15 17 18 100,000 200.000 125,000 932,188 217,197 466,693 5,484,148 1,638,709 4,677.235 100 20 65 70 75,000 60,000 150,000 100,000 92,595 1,611,697 15 356,906 34.049 4,069,732 607,712 90,000 450,000 200,000 150,000 62,000 162,000 140,000 62,000 1,175,000 6,045,000 3,881,000 1,618,000 J 52,223 Liberty Trust Co- 100 22,882,402 1.253,387 2,056,651 KENTUCKY 6*4 26 Peoples Bank— 100 100 Common National Banks 4K 22 Cumberland- 7,504,760 19,390 325.000 2,000,000 Capital notes \150 126,141 d Equitable Trust Co. Common WichitaFirst National Bank. Fourth Nat Bank... J 975.349 31,867,163 10 5,511,050 80.000 300.000 4,000.000 400.000 600,000 750.000 400.000 Mercantile Tr Co.. Real Estate Tr Co.. Guaranty State Bank Merchants Nat Bk. Nat Bank of Topeka State Savings Bank. d 600,000 900,000 380.000 Nat Marine Bank... Western Nat Bank.. Colonial Trust Co Leavenworth— First National Bank. Leavenworth Nat Bk 362,170 500,000 Baltimore Nat Bank Security Nat Bank.. Vepeka State Bank.. 20** Nomi nal. Per share Hutchinson— American Nat Bank. Common Preferred Kaw Valley 20 20 20 771,922 660,576 900,000 611.425 600.000 750.000 Preferred B Preferred 41,409,336 116,605 1,936,552 5,982.223 107,060,721 270,460 1.000,000 200,000 $1,055,850 Merchants' Nat Bk. Eastern Tr A Bkg Co Nat Bk of Commerce Portland Nat Bank- KANSAS 803,494 Bangor— Merrill Trust CoCommon Bloux City— 300.000 20U Nomi nal. Per shares Depositors' Trust Co Dubuque— First National Bank. Amer Tr A Sav Bank 20 Augusta— First Nat Granite Bk d 31,016 17,377 202,834 Valley Sav Bank 20 20 MAINE June 30 50,000 150,000 University State Bk. I 1.000,000 1,000,000 700,000 Commercial Nat Bk. Oont'1-Am B A Tr do C100 \100 ... 1.500.000 1,200,000 208,000 2.800.000 41.580,215 Shreveport— [25 575,678 671,978 1.500,000 1.200,000 Preferred Louisiana SB & T Co Whitney Nat Bank.. DavenportDavenport Bk A Tr. 1100 175 18 Hagerstown Trust Co National Banks 7 100 1 15 c25 100 10 Hagtrs townFarmers A Merc Bks Nicodemous Nat Bk. Second Nat Bank "50"" 5 25 MASSACHUSETTS 10 15 100 10 110 10 28 105* State Institutions June 30 105 June 30 He" 27 Lexington— Bank of Commerce.. - d 100 Nomi nal. Per share. Boston- I Common. . 0 - 0 . --- 12,390,999 3,231,601 2,374,106 3.820,544 First National Bank. 27.812.500 50,109,276 638,227,466 Merchants' Nat Bk. 3,000,000 e5.604.094 83,224,368 •• 100 300 160 350 103" — _ ' 360 Louisville— Citizens' Union N B. . . . r . Security Bank - o . . . 1.000.000 $3,006,458 1,668,797 2.000,000 1.000,000 $2,544,115 dl.839.500 285,408 33,315 100,000 162,856 300,000 a 1.000.000 $1,031,388 750.000 603,285 100.000 119,759 dl,995,000 $1,031,388 625.000 111,363 49,146,157 /295 1,628,283 4,622,674 1,755,464 100 100 10 116 2 100 302 100 9,718,235 31,867,799 23,239,463 732,264 2,631,466 3,525,300 13,656,813 1,270,493 13,944,435 1,397,638 3 10 130 (7101 135 140 • — 150 120 10 9 10 68 Newport— . Newport Nat Ba Sav Ba Web A Atlas N Bk.. 1,000.000 413,412 12,715,466 32*4 32*4 390 410 65 19*4 20 20 60 12it 135 140 50 35 40 * American Nat Bank. Central Nat Rock Bk of Bos 1,500,000 2,866,052 28,030,085 Nat Shawmut Bank. 10.000,000 20,627,110 168,450,005 Second Nat Bank— 2.000,000 4,659,108 74,299,447 d 100.000 100,000 145.000 126,896 410,579 41,000 /250" Sale price, a Dec. 31. 1936 6 March 31, 1937. c Retirement price. d Common and preferred stock or capital notes outstanding, e Sept. 30, 1937. / Citizens' Union Fidelity unified certificates. g Affiliated with the First National Bank of Louisville. h Member of Northwest Bancorporation. k Units. 1 I Last Sale. 0 Plan for final cancellation of the certificates of beneficial interest of the City Certificate Corp. of Baltimore, Md., issued in connection with the reorganization of the Union Trust Co. of Baltimore, has been declared effective. The Union Trust Co. filed Nov. 30, 1937 with State Tax Com¬ mission amendments to its incorporation papers authorizing an increase in its capital stock of $10 par value to $3,000,000 from $2,500,000, and the additional 50,000 shares will be paid to the City Certificates Corp. in the form of a stock dividend as provided under the settlement plan. TRUST AND BANKS 104 National Banks June 30 I ""M"* MASSACHUSETTS "'jST Surplus A Deposits Capital Ask Bid Par June 30 Gross Surplus A Profits Capital fnttiivHons Stats MICHIGAN Gross Profits COMPANIES Norn Numi nal. S BostonBanc Oom Ital Tr Go Boston 8 Dep A Tr.. Columbia Trust Go.. Day Trust Go Fiduciary TrustOo. New Eng Trust Oo_. Old Colony Trust Go . Pilgrim Trust Go... State Street Tr Go.. 100 100 100 share. 1,705,757 34,495,957 2,327,184 10,124,433 1,858,865 34,845,761 371.388 5,392,404 6,655.126 81,184,154 100 '165" 100 270 285 700.000 11,363.525 450,000 138,095 100.000 U 8 Trust Go— • Per $ 212,276 3,963,730 213,808 574,878 641,299 2,994,592 5.269,848 12.631.507 10 11 10 13 14 15 2,547.106 100 321,631 77,747 3.918.697 1,403.261 100 100 760,000 3,000,000 100,000 2.500.000 * 600,000 1,000,000 <5,000,000 400,000 3.890,000 Common Convertible pref_ Wlnthrop Trust Go.. _ Preferred r400 VTfrs National Bank. I I 165 180 1,500.000 11,350,000 C141264.948 Common 100 1,038,291 c57.314.260 50 20 47 52 ki .064,00ft State Bank Detroit Bank 100 None Per $ Detroit— Michigan Ind Bank 20 3,750.000 3.000.000 Jfc 223,129 50 3,520,735 125.840.506 122,262 23,775 d 7,500.000 10.000.000 Common Preferred 10 J13115.723 135 140 70 75 35 600,000 1 935,000 Common.. Preferred Class "A" Glass "B" 35 567,363 20 20 1,863,397 0 20 1.423.260 11,916.271 crl3.839.336 f 20 1 20 1,360.898 38.046 1,003,947 100 150.000 591.473 a 6,793.689 100 500.000 Preferred 578,355 300,000 300,000 500,000 Common......... Preferred..—... Heme Nat Bank 50 20 25 8.350.310 Highland Park Trust Un Guardian Tr Go. 7,315,306 50 635,631 c 6,647,131 484,822 4,478.878 1.206.804 cl9.417.269 100 10 450 10 500 20 69 72 25 10 127.860 Oommon 45 21 10 19,175,308 Detroit Trust Co— Brookton— Brockton Nat Bank 30 25 768,000 500,000 101.260 pref... pref 37 27 10 393,189,983 United Savings Bank Common 300,000 100.000 "~90" loo" Nat Bank of Detroit- Equitable Trust Go- Beverly— Beverly Nat Bank.. Beverly Trust Go... tnal share Jam'•wealth-Corn') r280~ 5 Ask Bid Par Deposits 384,345 Flint— Cambridge— Cambridge Trust Go County Bk A Tr Oo_ Harvard Trust Go... 150,000 300,000 1.000.000 12 250,000 400.000 250,000 Merch A Mech Bank Nat Bank of Flint 93,857 x 21 23 90 s 2W6.040 20 x 35 21 24" 5,112,660 20 x 21 25 1,269,439 20 12 15 9,351,473 566,393 207,510 106,080 377,250 CJit Oom A 8avs Bk. *1,000,000 700.000 Genessee Co Savn Bk 20 10 20 23,253,628 9,270,182 Everett— 600,000 829,249 8,901,725 10 400.000 Middlesex Go Nat Bk 6,064,098 7,702.001 3,467,296 100 150 Grand Rapids- Fall RiverDurfee Trust Go 427,500 Fall River Trust 800.000 225,656 537,229 148.755 500.000 857,085 7,150,082 150,000 120,000 340,000 245,064 158,963 164,080 3,165,4071 1,521.834 3,711,764 Central Bank Nat Bk of Grand Rap 91 100 100 10 20 Fall River Nat Bank c c 100 205 80 Common 371,702 500.000 Preferred c 220.000 Peoples Nat Bank— Common Fltohburg— Safety Fund Nat Bk. N Gloucester— Gape Ann Nat Bank. Oloue Nat Bk of Glou Gleuces 8 D A Tr Go k rec sa o 1.000.000 2,000.000 Common ent 168 Preferred I1 400.000 250,000 1.200.000 Grand Rapids Tr Go. Union Bank of Mich. Michigan Trust Go.. 14 10 10 10 15 18 30 208,519 0 650,562 333,032 c 2,630,341 605,597 g 1,954,194 23 100 50 ,417,160 c41.883.138 12 10 10 10 7.735,154 345,128 400,000 275.000 ..... Preferred.. Old Kent Bank— 12 f20 20 12 20 14 no 26 150 Haverhill— 200.000 300.000 Haverhill Nat Bank. Merrimack Nat Bank 1,003,351 143,479 6,641.335 2,539,815 100 10 10 Saginaw— Nat Bank 126,701 250,000 415,000 Common Preferred Park National Bank Common Preferred 1.250.00© 60 8.047,589 / 50 1 50 5,288,744 20 21 23 100 185 200 102,913 c A Tr Go Holyoke Nat Bank— 1,818,427 c27,070,316 383.000 Saginaw State Bank. k Second Holyoke— 60 2,757,226 J100 100,000 1 A171.934 1100 150,000 20 279,629 cl0,004,251 Hadley Falls Tr Oo__ Jtl.400,000 Lawrence- National Banks 25 600.000 299.709 300.000 411,266 3,809,099 100 616,674 11,686.781 25 18 Institutions State 112 1.000,000 Bay BtateMer Nat Bk 25 7.606,268 MINNESOTA June 30 June 30 Lowell— Appleton Nat. Bank. Union Old Lowell National Bank Nomt nal 23 share. 757,642 7,452,980 2,061,144 35,645,411 100 100 N o re cent 212,634 377,869 45,165 28,656 7.853,629 10,679,744 1,092,353 899,268 100 100 sa les 100,000 138,000 111,381 33,667 23,462 45 10>$ Marquette Nat Bank k 2,038,982 1,673,171 1,537,066 132,440,512 893,324 5,484,558 15,728,804 1,692,186 6100 Fifth No'weet'n N B. i 100.000 First NatBkATrOo 66.000.000 100,000 Hennepin State Bank 6 Common 5,000,000 13.066,607 111,466,371 /100 Preferred 2,000,000 UOO University State Bk. 100,000 50,000 100,000 125.000 94,300 31,693 13,513 119,507 114,479 29,498 1,323,779 6... 989,088 <-. 1,489,916 <100 2,662,936 <100 1,061,960 Rochester— First National Bank Union Nat Bank 200,000 125,000 141.760 86.000 4,872,391 plOO 1,760,000 100 American Nat Bank. kl ,694,000 Commercial State Bk k 150,000 266,228 232,460 76,106 21.930,703 100 4,455,675 100 1,801,821 100 133,562,896 PlOO 2,044,319 100 7,270,055 100 4,193,602 <100 Bank of Oomm A Sav Lynn— 138,603 200.000 190,000 200,000 Common..... Preferred. Manufac'rs Nat Bk. National City Bank 257,098 78,695 Preferred Lynn 8 Dep to Tr Go Security Trust Go... 3,192,174 465,410 607,559 751,368 200,000 250,000 260.000 100,000 400.000 Common... Essex Trust Co 3,456.390 / 50 \ 50 3,268,136 100 3,284,670 3,513,793 9,465.638 c c 370.881 465,000 418,521 721,500 500,000 425,000 Warren Nat Bank 86,190 200,000 .. Northern Nat Bank. /50 50 100 157X 100 385 20 45 50 9,387,205 5,879,366 12K Blooming'n-Lake NB b Central Nat Bank 42 J 91 2,071,746 Merchants Nat Bank * 143,304 548,500 250.000 200,000 2.000.000 332,543 3,231,306 14 15 Produce State Bank. 6.614,635 10 15 17 2d Northwest State. Third N'west'n N Bk 4th Northwest Nat'l. 10 Springfield— Springfield Nat Bank 15,359,363 10 13 100 25 25 335 70 Common Third Nat B.fcT Go.. Springfield 81) A Tr. union Trust Co West Springrinld Tr. 2,556.017 1,277,118 1,768,005 123,986 1,500,000 1.000,000 1,000,000 194,250 Midland NatBk A Tr k Minnehaha Nat Bk_ 6 50 | v 547,122 Preferred 28,577,935 11,616,494 13,758,334 1,974,971 7.020,505 28,240 178.607 420.224 31,372 389.000 990,000 100.000 65 — 200.000 300.000 0 267,799 318.541 2,145,249 4,484,947 100 794,296 15,734,873 100 4.552,458 100 10 25 25 Worcester— 66». <100 6 20 100 )00 <100 6100 i QH - 500,000 I 650.000 ' 300.000 100.000 175,000 Pi .000.000 Common.. 115 Preferred 19 21 10 18 7,137,539 108,083 a 221,743 149,630 a 10 H 10H First Trust Co 4,722,230 rioo ) 153,967 1100 184,904 g 4,009,828 PlOO 22 10 365,372 Tr Go ........ Glass A 1,000.000 2.000 000 I1 ,699,715 c36.557,774 * Sale price, t No par. a d Convertible e ' June 30,1936. 6 First National Group. « preferred stock entitled in liquidation to $20 a share. Oct. 30,1937. f Retirement price. g Trust balances. h March 31, 1937. i Member of Northwest Bancorporation. National Banks June 30 MICHIGAN k Oommon and preferred or State Institutions capital debentures outstanding. I Last sale. June 30 Per Bay City— 300.000 400.000 Natl Bk of Bay OityPeople's Commercial A Savings Bank— Jtl ,000.000 73,435 203,772 2,540.503 6,180,856 9,772,916 100 American National Bank of St. Paul affiliate. p Member of the First Bank Stock Corp. Stock has to be offered to board of directors, r 100 462,662 share. s New stock. ' N . o re 100 t . o Nomi nal. Bay City Bank 7H No re cent sa les Midway Nat Bank— Common Preferred Worcester Go Common First National Bank. p6.000,000 First State Bank V 100,000 EmpireNatBkATrCo tJfc 475,000 Stock Yards Nat Bk. Jfc 300,000 Mechanics Nat Bank Guaranty Bk A T Go 100 St. Paul- 61 25 DrovExchState Bank ok 200,000 Machinists' Nat Bk. Bristol County Tr... 25 N'west era Nat BAT 60 100 Salem— Naumkeag Tr Go— Common...... 100 Minneapolis— 18 20 400,000 1.000.000 Pioneer Nat Bank 100.000 Western Nat Bank.. Jfc 100.000 of Duluth 101 7,981,023 Peabody— 200,000 2,000,000 Duluth Nat'l Bk—.Jfc First A Amer Nat Bk New BedfordFirst National Bank. k Merchants Nat Bk._ Safe Deposit Nat Bk k 600.000 Minnesota Nat Bank / 50 I 54,362 329.343 55,482 938,921 100,000 City National Bank Central Nat Bank— Taunton Per Duluth— cent t Affiliate of First National Bank of Boston. sa les x Ex-dividend. z First Bank Stock Corp. , : . 10H bams jan., 1938] National Banks mississippi June 30 Institutions State National Banks June 30 Ask Bid State Institutions montana June 30 Par Deposits 105 companies Cross Surplus Profits Capital tbust and Cross Surplus & Profits Capital June 30 Bid Par Deposits Nomi nal J&okson Capital National BkOomraon Per share Billings— Per Midland Nat Bank.. 300.000 100,000 238.582 337.756 10.041.957 7.698.586 . 200,000 223,540 30 Montana Nat Bank. 150.0OO 161,019 40 f 7,442,562 300.000 Preferred 325.208 787,566 . 8ec Tr A Savs Bank. 100.000 161,980 First National Bank. 300.000 Miners Nat Bk Metals Bk A Tr Oo. 100.000 600.000 765,780 45,522 634,299 600,000 317,715 101,688 6,913,152 166 100 Meridian— cent 72.252 117.649 72,100 202 050 375 noo 241,750 Helena— First Nat BkA.Tr Oo k Union Bk A Tr Co— Common Preferred 50 Vicksburg— First Nat A Tr Oo March NatBkATr Oo 650.000 300.000 6 National Banks June 30 136.749 287,976 8 5.046,220 5,321,166 missouri No les 100 100 2.863,453 2,853,391 3.600.108 3,859,370 1/100 100 2,543,576 100 2,646,553 Butte— o Citizens Nat Bank.. First National Bank. Mer A Farmers Bank 12,584.097 1,195,344 12,981,342 100 State Institutions National Banks June 30 June 30 cent sa les 0- (100 390.000 / 100 re 100 1100 State Institutions nebraska June 30 Nominal Kansas City100.000 600.000 500.000 6,000,000 100,000 2.000,000 500,000 100.000 200.000 Community State Bk First National Bank- Inter-State Nat Bank Llnwood State Bank. Merchants Bank Merc Home Bk & Tr Common 200,000 I 199,000 Capital notes Missouri Bk 3c Tr Oo Common ) 317,216 10c 110 I 10c 300 66 76 100 115 120 100 100 90 490 100 70 455 300 100 100 100 135 200 225 Plana Bank of Oomm Produce Exch Bank. Traders' Gate City Nat'l Bank * Southeast State Bk.. South Side BankCommon Preferred Stock Yards Nat Bk. Union Nat BankCommon / 200,000 100,000 11,303 43,589 100 120 136,858 100 120 550,000 100,000 153,313 48.295 62 H 50,000 50,000 400,000 25.904 100 University Bank 130 52^ 62 « 65 76 (100 50 65 100 200 201,371 850,000 445,567 687.726 18,423.746 10,750,918 899,629 26,414,431 9 1 | 1 « aiod" 1 300.000 262,843 27.475.570 ( i 1,500.000 _ Preferred A Preferred B Live Stock Nat Bank Omaha Nat Bank— Common Preferred Packers' Nat Bank: Common 500,000 20 20 20 127.200 First StJosSt'k YdsBk Tootle-Lacy Nat Bk. Empire Trust Oo Missouri Vail Tr Co. 229,526 209,558 418,003 127,587 63,560 274,465 112,609 64,951 12 10 450.000 324,499 12,261,707 1 150 250 951.607 43,537,271 i (100 i 25 i a20 a20 i 100 1,500.000 750 000 \100 106 000 52,458 2,366,718 60.000 48.640 952,384 250.000 129,063 Preferred. South Omaha Sav Bk Stock Yards Nat Bk 150 160 immm tmmm (100 94 000 Common Preferred U 8 Nat Bank 14m 100 25 VlOO \oo ilOO 775,866 24,069,694 10ft 23,032,453 100 nevada June 30 145 6,656,254 (100 450,000 el.100.000 National Banks 15 10u 7,494.699 4,080,608 6,728,687 3,020,601 3,683,976 7,517.994 2,310,456 1.110,887 • 20 i 195 90 70 Nomt nal . 200,000 200,000 500,000 100,000 250,000 200.000 200,000 136.000 1 140 Reno- Burnes Nat Bank First National Bank. First Trust Oo 1 200 100 Omaha— First Nat BankCommon First Nat Bk of Nev. d Lit. Joseph— American Nat Bank. share. 8,751,805 225 100 176,616 114,631 15,432 200,000 1 290.000 e .... ••■ iloo 625,107 Union Av Bk of Com 120 100 1,482,580 (100 {100 100.000 100,000 100,000 Weetport Ave Bank- " Common Preferred First National BankNat Bk of Commerce ... 49,190 900,000 1,192,500 ..... .Preferred Per Con tinental NatBk— --- - 170 50.000 Preferred Park National Bank. - 100 8,029,905 80,000 120,000 . Lincoln— 120 340 10c 56.435 1,531,546 120,917 3,801,133 39,192 4,184,875 1,110.424 44,545 612,648 Nomi nal. share Per Baltimore Bank City Nat Bk A Tr Oo Colombia Nat Bank. Commerce Trust Co share 8.511,138 ClOO 100.000 Ootnmerc'l Bk&TrCo Depot (iu Bk A TrOo Jackson-State N Bk. Ask Nomi nal. 600.000 807,646 Per share 100 100 National N 100 100 re cent #--- sa les Banks new hampshire June 30 State Institutions June 30 100 Nominal. 100 Manchester— Amoskeag Nat Bank 100 100 I share. No 100 re cent 100 sa les Pe* 200 000 881.355 150.000 510.161 200.000 257.312 5.835.778 2.720.837 2,576.823 Hk k 200.000 Jfc Nashua Trust Oo. SecondNatof Nashua Jfc 600.000 397.824 540.964 466.429 5.787,196 5.939.182 6.636.074 Manchester Vat Bk Merchants Nat Bank St. Louis— Nashua— Amer Exch Nat Bank Common Preferred 107.500 92,500 364.997 2.000.000 * 400,000 k 450.000 10,200,000 Bk&TrCo 600.000 Baden Bank....... Boatmen's Nat Bk.. Bremen Bk A Tr Co. Cass Bk & Tr Oo First Nat Bank } k 200,000 130,000 100,000 640.242 Jtff-Gravois Bank.. Lemay Ferry Bank— Common Preferred Manufacturers Bank 50,000 50,000 A T Oo 600.000 500,000 350,000 200,000 .062 20 26 17 28 61 15o 926.346 • 1135 105 Common 250.000 1 85.928 Preferred 75,000 / 200.000 40,178 3.233,653 (100 1100 1.256,014 100 No re cent sa les 70 i (100 J 32,198 58,366 163.390 202,740 604,479 329.467 3,206,662 4,114.855 4,768,216 14,299.891 7,781,324 20 100 50 i iii •iii • • i 18* 90 90 96 22 25 100 150 100 20 35 20 130 32 100 60 100 100 Merc Com BAT Oo- 10,000.000 T5,199,909 154,316,639 100 102 34" 70 100 25 100 25 22 100 175 100 Per 400.000 686.850 10( shar* 60 Bankers Trust Oo— 120.000 * Preferred 343.783 (100 j 102.044 I 10 o30 Guarantee Trust CoCommon 500.000 2.350.023 4,739,131 ( 10 225.000 1/ 266,985 Preferred 735,873 1.425.360 (100 i 10 Equitable Trust Oo— Common \ 1.184.518 J 10 2H 3X Asbury Park— 104 3H 26 40 20 100 City- Preferred 160 5,616,713 83,402.271 2,319,188 4,174,332 6,956,210 2,565,152 statvxim' Aom t nal Atlantic Boardwalk Nat Bank Common 60 24 15 75 100 Mercantlle-Oommerce Nat'l Bank. 350,000 239,147 Miss Val Trust Oo. 6,000,000 2,781,614 Mound City Tr Oo k 246.759 h 58,937 North St Louis Tr Oo 300,000 251,613 Nerthwest'n Tr Oo. * 800.000 287,098 W ebsterGroves Tr. 100.000 189.590 new jersey 19K 20 156 National Banks June 30 i a 100 1100 424.000 400,000 500,000 ,000,000 1.000.000 75,682 51,693 237.732 "35" 3,133,513 2,815,717 4,649,750 Ltndell Trust Co.... 1275 100 2.795.796 6.354.815 «• — New Hamp Nat Bk. i 100 PortsmouthFirst National Bank. 29 58 • 100 100 ' 350.000 340.000 250,000 300,000 100 120 95,416 400.000 28 100 rioo1 10,879.070 5,411.368 7,866,119 3,360,625 12,894.747 Oommerc'l A Savs Bank Jfc South Side Nat Bk— Telegraphers Nat Bk Tower Or Bk A TrOo cl 50 95 100 100 80,344 Southern Chippewa Trust Oo. k ■aston-Taylor Tr Oo * 15 •539,794 128,879 184,689 140,808 720,624 Manchester Bank Mutual Bk A Tr Oo.Plaxa Bank (The)... Sec Nat Bk SavsATr United Bk A Tr Co.. 7 120 100 1,953,516 301,825 186,386 7.561,760 210,653,725 371,454 10.221.699 i Indian Head Nat 10 2.044.7861 (20 2.566,204 46,049.971 5,531,868 5,752.472 Industrial Jefferson Bk A T Co- Common........ Capital notes A... Capital notes B... 47 25" " 110 580.500 194.326 5,587,372 300,000 205.982 10 100.000 98,427 2.660.326 998.033 128,485 400.0 103.629 418,297 1.531,700 10.782.508 100 100 75 108.238 247.528 119,419 2,018,847 5.044,514 1,477,885 100 35 73 45 100 20 13 15 AsburyPkNatBkATr k Asbury Park A Ocean Grove Bank Seacoast Trust Oo l(V 6 55 65 10 4 5 Bayonne— Broadway Nat Bk _. k Bayonne Trust Co.. Brldgeton— Brldgeton Nat Bank k £ t Cumberland Nat Bk Jfc > Farm A Mer Nat Bk. it 600 ,noo 9.500 80 >rxngfleld— * lank..... Union Nat Bank k Southern Missouri Tr 290,000 597,000 100.000 12,684 317.668 98,607 2,296.976 9,851,146 2,392,682 100 100 100 ♦ a b Sale price. Retirement price. Sept. 30. 1937. to increase capital of the Tower Grove Bank & Trust Co. of Louis, Mo., from $500,000 to $1,000,000 was approved by the State Finance Commission on Dec. 5, 1937. c Plan St. d Owned by the Transamerica e Corp.. San Francisco. Calif. Membei of Northwest Bancorporation / Includes reserves. q Member First Bank Stock Corp. h Reserves. i March 31, 1937. Jfc Preferred stock and common stock Guardian t Preferred Rtock retired s Member of the or capital debentures outstanding. Detroit Union Group Inc., Detroit Mich. National Banks June 30 Surplus A Profits COMPANIUlb National Banks June 30 State Institutions NEW JERSEY Capital TRUST AND BANKS 106 June 30 Gross Bid Par Deposits NEW JERSEY Capital Ask Institutions State June 30 Gross 1 Surplus A Profits Ask Bid Par Deposits Nomi nal Nomi nal. FlrstOamNatBATOo <12,192,891 Oamden 8 D A Tr Oo d3,287.500 Merchantvllle Nat'l Bank A Trust Oo. d 224,375 West Jersey Trust Oo dl .448,000 742,919 396,190 a Per 7 share. 9 12& 5 7 4 4 5 $ S $ Camden— 26,503,182 25,320,445 101,243 523,226 a 1,157,320 8.965,782 10 10 2 115,690 a 2,494,024 33 X 45 last Jrange— 200.000 Ampere Bank A TrOo a < . 200,000 Prospect Natl Bank. 200,000 Security Nat Bank.. 1.000.000 Trenton Banking Oo Trenton Trust Oo... dl ,874,000 ..... Oommon Preferred A ... X Preferred B 549,535 a 19,354,475 232,300 171,920 68,870 170,872 339,603 a Central Home Tr Oo d 500,000 Bllzabeth Trust Oo__ dl.022.250 a Union Oounty Tr Oo dl,114.345 rl% H "Tx Elizabeth— Bllsabethport BkgOo d 400,000 Nat'l State Bank— dl,310,000 6.817,777 16,068,799 3,906,726 3,911,214 12.171,021 Woodbury— A Mechanics' National Bank First Nat Bk A Tr Oo Woodbury Trust Oo. Per 72,935 897.888 527,862 12,666,868 48,072.806 889,094 1,159,890 30,178,553 22,092,396 517,884 466,868 400,508 2,760,047 2,993,549 1,553,216 488,203 1,271,303 50,626 125 100 10 share. 150 5 6 100 18 20 100 25 50 75 3 30 80 50 4 Farm Say Inv & Trust Oo: 95,600 500,000 274,165 TrentonBroad St Nat Bank. dl ,000.000 First-Mech Nat Bk. d3.178,000 15 18 20 25 50 10 4X 100,000 200,000 100.000 10 50 10 ...... ..... "22" 15 Waii 'not Ranks June 30 —... NEW YORK State Institutions Sept 130 ~v\ 1 t Nomi nal. floboken— Columbia Trust Co.. d 79,819 333,515 100,000 500.000 Seaboard Trust Oo.. Jersey Oity— 1,170,195 First National Bank 2,225.000 Franklin Nat Bank.. d 400,000 33,831 - 20 9 2X 10 "~3X 55 8 48,696,331 100 3,596,791 37 X Per share Albany— 65 1,250,000 1 495,540 1,500,000 74,217 100,000 Bergen Trust Oo 3.400.000 4.123,057 Commercial Tr N J. 885,855 N J Title Guar A Tr_ <13.008,748 35,339 North Bergen Tr Oo 100,000 ... 31,621,275 f 25 \ 30 999,302 100 6X 8X r30 1,140,000 13,868,769 Oommon 2.600,000 Preferred A 29,515 West Bergen Tr Oo_. d 400.000 a 400,000 700,000 68,656,288 24,417,669 12X 1,180,738 10U 25 "33" 30 294,088 332,566 63,115 885,538 500,000 614,568 199,500 600.000 3X 55,180,801 5X IX 2,834,611 h ~"lx 2,686,216 Oity National Bank. First National Bank: Marine Mldl'd Tr Oo Brooklyn—State B anil: A Tru 200,000 100.000 7,906,385 7,349,453 1,664,638 9,337.480 440,111 157,726 , 150 25 10 50 15 27 50 150 50 3,004,140 1,599,353 40 100 160 Bensonhurst Nat Bk I I I Kingsboro Nat Bank Lafayette Nat Bank. People's Nat Bank.. Brooklyn Trust Oo: Kings Co Trust Oo. [ I 8.200,000 500.000 W.200 1,496,566 8,982,270 6,646,659 1,255,047 100 25 3.000.000 1,361,454 42,927,860 500,000 al ,732,473 22,221,658 594,736 d 2,909,026 526.979 70,801 2,236,084 400.000 1.622,500 1,329,831 35,232,342 d8,000,000 7,522,207 142.726,371 2,500,000 1,909,820 17,148,824 d 86,247 2,948,186 336,300 569,408 3,226,033 600.000 388,027 10.141,160 1.075.000 150,000 600,000 884.000 144,130 453,613 128,610 n 8 100 Tr Oo. 2.200,000 2,600,000 200,000 5.000.000 Marine Trust Co.... 18.000.000 Mfrs A Trad "31"" 28 15 100 90 95 100 525 15 26 "12" 2F 9 10 13 14 10 30 X 30 25 32 Peoples Nat Bk..... 10,090.963 6.067.394 25 "~2(f ~ 25 b 21 "28" 23 25 N o 100 re cent 300,000 471,273 Preferred J 91,981 1,840,692 r§6" 110 462,000 4,682,000 100,000 42,750 30,516 247.500 23,550 1,360,780 100,000 700.000 598,500 100.000 Weehawken Tr Oo 400,000 Huds Tr Oo Un Oity. al.000,000 Woodcllff Trust Oo__ 145,000 59,420 188,826 140,740 103,466 389,285 1,863,534 15,868 1,116,065 5,583,393 5,645,622 3,199,629 8,006,328 26,704,116 1,362,678 Preferred j 20 lOt 1,221,976 1 50 1 50 Liberty National Bk Guttenberg Mo-chants TrUnOlt. c Comw'lth Tr Un Oity d Gutt'b'g Bk A Tr Oo . PassaicPassaic N BkATrOo <12.250,000 1,000.000 People's Bk A Tr Co. Plainfield— First National Bk... d Plainfield Nat Bank. 316.444 175.000 Mid «'Hv Trust Oo.. d 100,000 Plainfield Trust Oo.. dl,150.000 State Trust Co..... d 247.500 1,558,298 289,786 u 1,100 129,801 64,713 704,423 86,494 10' 8 ..... 20 20 7X 2X 4 6 Ithaca— First National Bank. d Tompkins Oo Tr Oo. d d J 491,567 Debentures "A".. Debentures "B" The First Nat BankNat Ohautanq Oo Bk 10 "13"" 10 25 17 22 100 30,071,942 5,096,253 25 25 2 N 25 100 100 4,422,372 1,439,107 1,352,343 17,349,492 4,098,834 Union Trust Co 53,726 55,118 sa 65 ""54" "65" 79 74 100 100 1600 1650 54.166.788 10 10 3,493,038 17 X 15X 10 8 24 22 10 6X 132 t 6X 20 12,020,194 13,178.748 600.000 650,000 110.743 577.050 4,821,186 9,279,679 100 331,658 12,945,568 618,731 138,815 537,721 8,228,172 4,056.188 4,709,079 i" 25 25 "70" 8 7X 350 300 13 100 20 <50 457,176 119,243 94,647 440,726 446,689 979,787 . 100 N 200.000 0 1,948,994 1,266,273 3,932,094 10 re cent 100 sa les 6,753,443 100 100 ana New York City— Deposits N ew York Ci ty banks are repo r'ed net 8ur plus ana p rofits are of iate June 3 0 '37 are of Dec. 31, 1937 37 for Slat e banks, a iiri dend r ecord for National and Sept. 30,19 av be of banks and trust comvanies in New Yo rk City and Broo klyn m 197. 198. Iway" Secti on, pages 1 93.194,195 .196 0 found in our^Rai . 050.000 23,100 o 5,905,500 Amalg Bank of N Y Bk of the Manhat Oo 20.000.000 25,804,412 430,744,000 Bank of Yorktown.. 748,500 o 6,367.700 1.000.000 Chase Nat Bank.... 100,270,000 0126,158,000 1895232 000 Oomm'l Nat Bk A Tr 78,629,000 7.000,000 07,976,711 □unbar Nat Bank.. 500.000 378,000 k 2,995,000 Fifth Ave Bank 500.000 3,529,900 50,402.000 First National Bank. 10,000,000 0105,095,353 417.199,000 Grace Nat Bk ofN.v 1.500.000 01,940,582 027,784,590 Merchants Bk of N.Y 400.000 208,200 o 4,646,500 Nat Bronx Bank.... d 121,000 Jfc 8,181,000 790.000 100 10 "20X "22"" 30 X 13.55 32X 136 130 100 25 100 55 48 66*3 "775"" 825"* 1780 100 1740 100 100 50 "loo" 115"" 40 45 les 100 12,060,735 flOO i 0C 1,144,738 100 20 1,541,493 90 95 165" 12,832,812 J 50 \ 20 a Sale price, March 31. t Marine Midland 1.500.000 \ 863,42i 200.000 1.000,000 2,124,321 17,941,604 / 50 \ 50 25 29,174,356 52 Corp. 1937. b Includes Preference stock. security stock, 50 600.000 Preferred 500,000 Paterson Sav Inst... 50 re cent j 928,544 Oommon Second Nat Bank— Common Preferred . "35" "45" 100 100 2.415,487 160,894 8,754.793 91,107,295 9,011,623 156,511.575 i 250.000 150,000 150,000 550,000 First NBkofRondout Nat'l Ulster Oounty Bank of Kingston. Bondout Nat Bank. State of N Y Nat Bk c Haledon Nat Bank. 125 95 60 100 331* 1,566.548 760.280 500,000 990,000 300,000 200.000 500,000 400,000 Common * Preferred II II IIII II ii Jamestown— First National Bk— 680,000 625,000 103,700 300.000 50 8 250 10 Paterson— Common. 1200 100 100 800,000 1.237,500 Chemung Can Tr Oo First Nat Bk A Tr Oo Kingston Trust Oo.. 35 Hamilton Nat Bank of Weehawken i i Kingston— f10 North A West Hu daon— IstNat Bk of Un Oity d Nat Bk ofWNYCommon i les New BrunswTrOo— Oommon • Bank of Jamestown: 50 sa 410,554 453,253 871,250 300,000 i • 32 New Brunswick d 100 100 Elmira— _ Nat'l Bank of N J... 60 ±X 18* 45 Nat Newark A Essex Union National Bk.. United States Tr Oo. West Side Trust Oo. 240 Buffalo- Liberty Bk of Buffalo Debentures. Lincoln Nat Bank.. Franklln Wash Tr Oo d Mt Prospect Nat Bk. d 50 Sept. 301 937. 2.722,000 140,000 122,235 2,631,761 73,900 2,731,400 2,917,700 258,100 7,007,000 184,000 5,429,000 316,000 5,604,996 112,605,210 6,316,500 37,064.000 240,000 225,000 500.000 974,900 550.000 Oommon...... Bank of Commerce of st Co. retur ns date 200.000 Bklyn Lincoln-E Side N Bk d J inn Nat. banks June 30'37 Newark— Merch A Newark Tr. 9,509,739 9,801,483 8.158.663 460"" 440 230 50 100 V* 5 r 100 50 Mt. HollyFarmers' Trust Oo.. Fidelity Un Tr Oo— 690,047 488,681 527,447 6,053,504 Binghamton— Flatbush Nat Bank. Union Nat Bk&TrOo Federal Trust Oo 6,675,595 400,000 600,000 1500,000 Nat Bank of Auburn Citizens Bk of 51,284 230.000 Morrlstown— First National Bank. National Iron Bank d d American Trust Oo. Morrlstown Trust Oo National State Bank Clinton Trust Oo Columbus Trust Oo. 331,009 101.442 600 "if" Long Branoh— Long Branch Bkg Co Banking Oo 3,281,296 66,122,698 66,577.504 30,553.162 250,000 Mech A Farmers Bk. Nat Com Bk A Tr Co pi.500.000 State Bank of Albany <*2,939.900 <12,980.000 First Trust Co Auburn Trust Oo— -Trust CoofN J— Newark 1,400,996 5,149,883 2,381,888 296,260 Auburn— Hudson Oo Nat BkOommon Preferred _ 1,546,569 1.912,543 ..... ....v "~90~~ ioo Prospect Pk Nat Bk 100,000 60.000 Preferred J 257,869 I 50 I 50 100 125 9,270,203 / 25 112*2 10 3,956,965 18 20 c~~6 12,915,805 flOO 68 4,146,537 d Common and preferred stock capital debentures e Represents capital, surplus and undivided profits. / Preferred q Includes stock retirement outstanding. fund. reserves. h Affiliated with the Trust Co. of New Jersey, Jersey City. Citizens Trust Co— Oommon d 600.000 597.000 990.257 j 264,165 Preferred 600,000 750.000 j 345.850 1 50 7 Controlled by Marine Midland Corp. Jfc June 30, 1937. * i U S Trust CoCommon i rl2X y ■ l Last sale. £ n Dec. 31. 1936. o Sept. 30, 1937 p The First National Bank of Altamont, N. Y., effective Dec. 11, 1937, absorbed by the National Commercial Bank & Trust Co. of Albany, \' was 1 . . N. Y. r u Preferred Reserves. stock retirement • price. ' Jan., 1938] BANKS National Bank« June 30 NEW YORK Surplus & Profits Capital AND TRUST State Institution National Banks Sept. 30 < Sept. 30 Gross Par Deposits n. y. City (Concl.) $ Per share. National Oity Bank 77,500,000 58 ,932,376 26 H 1605082000 12X 28X el .014.300 500,000 al5,554,000 12 H 12 14 Penn Exchange Bank e529.000 248,000 b 2,928,000 10 12 < 10 Public Nat Bk&TrOo 7,000.000 ,665,861 133,820,000 17 X 29 30 X Schroder Bkg Corp. 6.000.000 ,102,139 al8,746,641 Sterling Nat b & t__ 1.500,000 ,615,937 26,441,066 "26 "25" "27" Trade Bank of ny.. e418,750 280,000 665,929,000 12X 18 22 returns d ate Sept. 500.000 132,600 3,604,500 2.000,000 826,463 12,398,241 1,000.000 603,500 16,542,200 1,000,000 580,300 205,400 Bank of n y& TrCo 6,000,000 13,252,381 163,573,316 Bankers Trust Oo 25.000.000 76,151.400 879,919,500 Bronx County Tr Co 2,357.500 257,500 20,293,700 Cent Han Bk&Tr Oo 21,000,000 68,756,128 818,305,651 Chemical Bk & Tr Co 20,000.000 54,330,900 483,435,900 Common..... Preferred Westches Co Nat Common Preferred Pleasantville— Mt Pleas Bk&TrOo Port Chester—1st n. 100 100 100 106 379 47 49 6 8 86 89 10 42 44 Continental Bk&Tr. Corn Ex Bk & Tr Oo Corporation Trust Oo Empire Trust Co Equitable Trust Co. Federation Bk& Tr Oo Fulton Trust Oo Fiduciary Trust Oo.. Guaranty Trust Oo. . Hellenic Bk & Tr Oo. Irving Trust Oo Schroder Trust Co.. Lawyers Tr Co..... Mfrs Trust Oo: Common Convertible pref__ Marine Midi Tr Oo.. 4,000,000 4,095,263 15,000,000 17,632,606 600,000 376,200 3,500,000 4,923,300 s7.000,000 9,374,300 825.000 1,036,628 2,000,000 2,939,933 1,000,000 1,207,000 90,000,000 180657 926 1,000,000 246,298 50,000,000 61,140,100 1,000,000 1,298,700 2.000,000 1,993,000 Common 53 13 10 20 100 10X 12 49 50 10 X & 356.700 2,492,680 12 X 3 7 52,528 42,468 3,745 15 10 15 62,576 104,701 6,144,902 3,101,666 3,510,088 1,668,963 1,846,088 loo 800,000 130,197 8,066,792 100 17 22 4,696,000 25 21 26 4% Conv.Preferred Central Trust oo— Common ' 600,000 297,344 Capital notes 1,200,000 Genesee Vail Tr Oo.. c2.560.000 516,057 Roch Trust & 8 d Oo 1,000.000 3,135,057 Security Trust co— Common 300,000 12,215,173 Capital notes..... 200.000 Union Trust Oo: Common 3,000,000 307.946 33 m .... notes }1; 1.000,000 47^ 6 6 93 96 25 200 j 20 200,000 1 253.590 400,000 i 300,000 750.000 Schenectady Tr Co.. 216,248 100 104 25 43" "48" 20 25 501,139 6,966,674 10 30 35 47,476 8,921.927 20 14,061,076 X IX 20 14 Per 1415 90 1465 300,000 90,871 2,957.709 e 465.000 500.000 372,382 463,850 511,935 1,776,471 5,141,338 10,540,474 6,368,474 46,561,881 214,000 45,060 1,057,124 139,506 90,848 56,026 1,283,144 12,743,989 642,304 1,885,647 1.224,991 150.000 50,000 J 131,044 3,563,711 10 10 700.000 100.000 J 309,865 10,939,569 10 10 N o re cent 765,150 680,141 15,945,743 25 sa les 184,000 300.000 132,173 621,868 2,544,320 7,265,020 25 10 400,000 396,000 j 5867,551 19,408,20! 100.000 /100 1160 153.941 1.625.647 25 110,000 I 76,628 90,000 s4.000.000 2,106,790 73,481,861 500,000 200.000 lOO.nnn 150.000 Guilford Nat Bank— Common Preferred 20 29 43 17,072,140 / 20 10 13 *12" "15" Preferred 100 Raleigh— *25 16,848,611 37.100.956 20 1100 92 32 Security Nat BankCommon ... First Citizens Bk&Tr Wilmington 1100 People's Sav Bk & Tr Wllm Sav & Tr Oo.. WilsonBranch Bkg & Tr Oo Common Preferred Nat Bk of Wilson... | <30 6,052,906 J i 10.... 10 010 Winston-Salem— First National BankCommon 100 Preferred Wachovia Bk &Tr.. ioo 100 200 21,896,193 20 34 8,737,177 | 20 share e 300.000 1,200.000 50 820,488 m 15 20 Union Nat Bank American Trust Oo.. Durham— Citizens' Nat Bank. \ 8,590,925 7.541,863 15,665,226 — 25 Home Havings Bank. Mech & Farmers Bk- 80 50 70,552,966 416,011 520,543 1,315,689 9 4 m Nomi nal. Asheville— First Nat Bk & Tr.. ..... ... 4 13" 5,095,000 Fidelity Bank Depositors Nafl Bk. loo Schenectady— ........ 10 20 NORTH CAROLINA Charlotte— Charlotte Nat Bank. Commercial Nat Bk. Mohawk Nat bank— Preferred Union National Bank Citizens Trust co— 10 10 49 25 46.254.957 50 400,000 400,000 35 ^ h 30,531,569 4,428,009 31" 20 2,906,400 2,800.000 11,869,489 2.500,000 I 50 50 484,000 Greensboro— Common Common 36,992 2,030,000 "im Tl% Rochester— Lincoln-Allia Bk&Tr Capital | 385,000 34.000 231"" 236"" Jamaica, l. i.— Jamaica Nat Bank.. } Trust oo— Common Preferred 225 "28" f v061,856 Per 20 100 300,000 Yonkers Yonkers Nat Bank ~2i" "22" 25 32.998,440 144247014 599,246,977 9,662.520 6.000.000 98,864,315 New York Trust Oo 12.500.000 28,125,722 358,221,023 Pan American Tr Oo 600,000 152,700 4,164,600 Savings Banks Tr Oo 2,500,000 4,361,800 91,171,300 Title Guar & Tr oo— Common 10,000,000 11,301.835 18,291,462 Debenture notes.. >8,606,868 j Trust Oo of Nor Am. 850.000 227,900 5,205,300 Underwriters Tr Oo. 1.000,000 869,000 9,987,000 u 8 Trust Oo of n y 2.000.000 28,725,598 73,202,321 $ 1,628,761 2,426,961 350,000 Yonkers— Central Nat Bank First National Bank in 205 $ 213,595 167,394 200,000 I 120,000 150,000 680.000 1,163,942 e .... County Trust Oo 16 • 25 10 100 100 100 100 10 100 Ask prices share. 550,000 345,000 535,935 195,000 200.000 Preferred "58" 50 25 Bid Nom. Peoples n b & t Oo: 20 75,094,539 7,982,387 8,680,300 64.797,612 316,437,044 33,900 68,068,100 201,500 10,634,616 24,125,170 10,759,700 1528130338 3,221,951 545,513,500 16.636,200 37,269,400 Par 300,000 Citizens Bank Oity Bank Farmers' Trust Oo 10.000.000 14.263,581 Clinton Trust Oo... e 750,000 502,624 Colonial Trust Co 1,000,000 582,000 Gross Deposits 100,000 500,000 Mutual Trust Oo. tve—Rye Nat Bk Rye Trust Oo lurry toum n b&TrOo White Plains— 387 10 7 20 Institutions Sept. 30 170,000 30,000 Bk & Tr Oo 50 "loo State Peekskill n b&TCo 30, 1937 Bk of Athens Tr Oo. Banca Com It Tr Oo Banco di Nap Tr Oo. b'kof Montreal Tr Oo Surplus & Profits Westchester Co. (iConcl.)Ossining—1st Nat Bk & Trust Oo 200.000 Ossining Trust Oo e 350,000 Peckskill— NatSafetyBk&TrOo co. 107 NEW YORK Capital Ask Bid Nomi nal Trust COMPANIES 2,357,763 128 20 55 5 1u0 100 200 200 10C 270 205 100 25 20 25 25 i 275 300 0160 10 1< 140 100 145 Syracuse — Lincoln Nat b & TOo Merch Nat 11 & t Oo 1.200,000 b Common........ 750,000 200,000 Preferred First Trust u Dep Oo Common.. d5,164,938 Syracuse Trust Co.. Common 1.000.000 j 358,703 i 20 ... 970,583 53,083.402 ...... 11,058,829 1.400.000 j 30,148,804 Oapital notes 37 14 H Vattnnal 17 6 5H UX 16X Nomi nal. Fargo— Per Dakota Nat Bank.. Common 22,670,979 < 25 25 10,913,323 7,141,122 .3,615,255 1.000.000 11,412,297 990,000 Troy Trust Co.. 1,500,541 664,006 112,837 45,900 16s6 e 8 129,674 198,323 70.475 500,000 150,000 250,000 25 6,187,983 2,945,119 share. 100 100 0 100 n re cent 25 100 sa les 9 20 2,482,550 1,867,661 N e n Nor & Dakota Tr Oo 21 162,606 117,394 * Merch Nat Bk&TrOo 33,656,025 12 H 1 10 c448.500 •201.000 50.000 Cargo National Bk First Nat Bk & Tr Oo Troy— Manufactur Nat Bk. el .400,000 National ol ty Bank. 600.000 Union Nat Bank e 636,000 NORTH DAKOTA 6X {.1° Hank* June 30 020 30 Utica First Citizens Bk & t Preferred Oneida Nat Bk & Tr .... Common. Preferred 600,000 1 199,000 j 9,921,634 i 25 Per 200.000 1 .... 500.000 155,037 Oapital notes First-Central Tr. Oo. 20 5,959,858 117,204 120,000 / 4,126,065 f 35 \ 40 n 121,638 >15,741,435 933,083 76,731 24,071,721 4,246,813 "loo N Common 200.000 658,000 10,928,407 15,109,641 1,222,660 508,384 21,598,363 100 10,496,556 1,182,009 166,243 136,719 10,323,240 3,211,699 1,711.311 100 265 100 95 10 9 Oapital debentures Oanvon— | <25 Nat Bank... Otnn Bk & Tr Oo. e m. Vernon—1st n_. Fleetwood Bk (The), e 200,000 350,000 162,000 166,003 3,718,000 4,030,108 700,000 267,500 Mt Vernon Tr Oo. e3.000.000 572,000 138,941 643,821 12,759,000 3,526,753 6,064,044 e New Rochelle— Centra' Nat Bank. First Nat Peek 329,405 300.000 Huguenot Tr Co.. e 650,000 New Rochelle tr— el,600,000 ... 259,000 161,824 491,323 2,231,423 4,383,000 1,571,150 14,611,313 20 20. 100 100 100 v 150 20 20 27 199,500 105 11 „ 1% 1 *00.000 200.000 0 145 26 125 18 10 0 Oolumbla Bk & S Oo Brorucville— Gramatan Nat Bk & TrCo Bronxville Tr Oo les 100 les Weatohester Co— cent 100 Atlas 600,000 la 298.093 280.000 Capital notes..... J 561,720 First National Bank e 995,000 Geo. D. Harter Bank •1,200,000 Cincinnati— sa Common 0 re sa Firestone Pk Tr&S B recent share. 100 497,500 1,241,645 100.000 Goodyear State Bk.. 210.000 1 Institutions June 30 Nomi nal Watertown— Watertown Nat bk— Common........ Preferred Northern n y Tr Oo State Akron- Dime Savings Bk Oo Common Jefferson Co Nat Bk OHIO June 30 20 i 469,524 Nationa I Banks A* 060 160 32 2X 3 30 10 1 3 20 20 25 t Marine Midland Corp. c March 31. 1937. a June 30,1937. b Sept. 30, d Capital stock of the First Trust & Deposit Co. consists of 348,849 shares of common stock of $6 1937. of Syracuse, N. Y., par; 866,250 shares of preferred A stock of $3 par, and 52,566 shares of pref. B stock of $9 par a sh. e Common and preferred stock or debentures outstanding. 0 Retirement price. 1 Controlled by Marine Midland Corp. k First report. I Last sale, n Member First Bank Stock Corp. s New York State Banking Department on Dec. 17, 1937, approved plans reduce capital stock of the Equitable Trust Co., New York, from $7,000,000, consisting of 280,000 shares of $25 par each, to $500,000, made up of 20,000 shares of $25 par each. to National Banks State Institutions OHIO June 30 NatiZl Jo"*' PENNSYLVANIA June 30 Cross Surplus & Profits Capital TRUST COMPANIES AND BANKS 108 Ask Bid Par Deposits Capital Surplus & Profits Cross Nomi nal. Per share. Nomi nal. Cincinnati (Con.) 4,817,666 6.000.000 185,894 1,150,645 157,996 248,989 3.118,532 791,081 610,007 304.960 2.042.588 Northaide Bk & Tr Oo People's Bk A St Oo 118 115 Prcv S Bk & Tr Oo. Beoond Nat Bank... Be Ohio S Bk & Tr Oo Western Bk & Tr Oo Central Trust Oo Fifth-Third-Union Tr ust 90,173,129 95 100 50 210 100 10 100 100 Second "26" 140 125 28 148 5 78 80 102 108 jlOO 180 220 5,000,000 ,61.448.522 139,146.661 ; 20 I 16 7,920,000 Preferred 578,601 1,987,744 100 250,000 Clev Say & Loan Oo. 60 4,400,253 Lorain Street Bank d 486,000 6*3166,044 20 National City Bank. 7,500,000 64,189,710 139.987,437 62,692 631,903 100 190.000 North Amer Bk Oo. d 7 9 4,386,233 25 100 110 125 150,000 295.500 Preferred 100 125 150 298.934 6,418,194 Common.. a24 411,976 4,252,778 2,875.964 100 200 On, 134,819 425.799 43,309 177.086 257.115 1.038,010 13.381.714 780,083 8.430.882 3.484.465 13,114,612 ( 18 115" 100 379.580 16 I60" 10 248,114 250 000 263.390 10 Erie— Bank of Brie First National Bank .252.5)0 50.000 ,291.000 300.000 Lawrence Park N Bk Marine Nat Bank.. Security-Peoples Tr300.000 769.950 Common Preferred l b 10 100 66*3 16 50 i a 50 50 50 2,875,089 2,214,052 25,906,053 1,591,742 2,527,122 55,946,246 3,901,046 1,357,920 73,663,049 1.406,448 396.510 Oapital Bk A Tr Oo. Harrisburg Nat Bank 300.000 137,754 367.628 806.491 881,929 61,148.661 1.163.008 2,934,873 3,768,741 6,853,456 4.330,839 12,857,650 9.139.933 748,882 980,662 460.374 10,787,795 11,355,254 8,634,866 20 50 1 1 1 II •«*. 111 300.000 16 408.366 188,180 300.000 6 238.950 6,003,415 10 16 2,148.509 10 52,279,001 9,367,743 10 30 50 18 90 100 Union Bank (The). 98 105 10O 54,457 250,000 41,800.000 1,401,466 100,764 4 80,000 113,866 c 200,000 43,500,000 2,256,648 310,005 g 200,000 54,237 4 150,000 c4.000.000 63,040,274 73.909 3.040.00^ 66,956,595 296.845 City National Bark. dl.100.700 373,080 200.000 Allison-Bast End Tr 100 ,64.433.041 346.896.473 13,800.000 14,587,500 Oapital notes Union Say A L Co.. 900,000 100 Harrisburg— Columbus— Branson Bk & Tr Oo City Nat Bk & Tr Oo Columbus Saying Bk Fifth Aye Say Bk Oo Huntington Nat Bk Market ExchBk Oo. Northern Say Bk... Ohio National Bk 19 17 10 100 300.00* Central Trust Oo._ c 100 175 185 100 100 135 400.00) Dauphln Dep Tr Oo Harrisburg Trust O 400.00' Dayton— 400.00) 600.000 650.000 6 Lancaster Oo Nat Bk d Merch N B & T Co- 200,000 295.000 846,000 ... Preferred Third N B A Tr Oo.. 4 Winters N B & Tr Co .... Common 476,164 14,245,758 JlOO 100 800,000 .... j 61567.180 Common "25 32 30 34.068.589 JlOO 1 60 Preferred 500,000 400,000 Oapital debentures Preferred Spitxer-R T & 8 Bk. Ohio Oitlzent Tr CoToledo Trust Co.... ,6 656,130 40 35 J 25 502,640 1,250,000 Oapital notes..... 2,426,900 Mahoning Nat Bank 41,425,000 f 410,708 70,185 Mahoning Say A Tr. d 349,000 / Union Nat Bank 1.250.000 1,862,095 .... Oapital notes 750,000 1,243,700 , 13,600.418 35 39 55 60 16 j 50 9.840.680 4,596,171 19,363,986 6,353.171 ~70" |Io5 25 167.655 100 1 1 • 145 ; 100 17 f • •wi H» Ol Corn Bxch Nat Bank A Trust Oo 20 4.550.000 68,640,330 103.067,293 60 146,196 480.000 2,739,149 100 3,111.000 5,257,085 90,129,641 100 200.000 79,795 Gimbel Bros Bk A Tr 2,784,016 50 292,545 10,134,180 Kensington Nat Bk. (11,138,517 100 Market St Nat Bk.. i.000.000 4,309,592 33,264,039 10 400.000 Nat Bk of Ger ATrOo 1,873,199 13,700.397 Nat'l Bk of Olney— 105.000 1 65.584 Common 1,733,014 I 10 PpflfAPPfiH 95.000 I 19 10 250.000 187,168 North Broad Natl Bk 2,006,708 60 200.000 154,664 Northeast Nat Bank 2,895,335 145 8 44 43 39 42 291 "25" "30" 350 365 48^ 6H 275.000 1 124,592 3,197.020 225.000 J Philadelphia Nat Bk 14,000.000 623.912,506 373,932,079 d 270.000 i 39.526 Roosevelt Bank 2,134,000 .... 16 500.000 Preferred 650.000 8.396.586 j 741.937 loo" 20 19 101 15 50 10H 12 11 f 10 [ 70 a25 25 Second Nat Bank— Oommon ',8* alO 63 f 25 PfAfflFFAH 50 H ""5H Northw'n Nat Bk— Common 115 31 20 286 First National Bank. 3,912,187 JlOO 1125 50 2,561,265 15 12,473,155 60 83,662,068 Youngstown— Common 157 1 Philadelphia— 15,001,149 65 275" 20 Erie National Bank. d 166,255 200,000 175,000 234,462 500.000 694,158 600.000 ».000,000 62.556,823 Dollar Sav A Tr Co— Common... City Tr A Say Bk— 250 10 Oentral-Penn Nat Bk Nat Bank of Toledo: Common /420 100 105 100 Toledo— Cemmerce Geaxd Bk Common.... 25 50 100 80 Farmers' Bk&Tr Oo Northern Bk A Tr Oo 1,500,000 ..... | 107,225 7.597,326 12 75 60 Lancaster— Fulton Nat Bank__ Common 10 13 8 10 10 150 20 c 400.00' Oonestoga Nat Bk.. Preferred 43 100 249.300 Preferred Nat Bk A Trust Oo. 23 21 ) Altoona Trust Oo— Central Trust Oo... 100 175,905 23 Altoona— Common. 100,000 160 38 10 First Nat Bank— Common— ~7~ 10 Central Nat Bk— Cleveland Trust Oo Common Bank.. 175 25 13,642,157 8.858.051 5.549,450 7.087.135 100 1,168,242 870,475 1,549.266 2,150,401 1.000.000 1.000.000 450.000 500.000 50 Cleveland— Say Bank Nat Lehigh Vail Trust Oo 100 2*650,000 Capital debentures Amer $ Allentown— Allentown Nat Bank Oo— 5,000,000 Common..... 100 5,610,865 9,486,635 2,750,085 3,004,004 48,227,514 15,654,376 6,743,548 11,952.794 65,948,829 3,075.000 600.000 600.000 d 240.400 d 625.000 1,800.000 1.000.000 500,000 42.000.000 5.000,000 d Lincoln Nat Bank.. 100 70,028,761 Merchants Nat'l Bk. Narwood-Hyde Park Bk A Tr Oo share. Per $ $ - Pint National Bank. Ask Bid Par Deposits 13 10 South Phlla Nat BkOommon Preferred 200.000 1 100.000 ' 412.344 124,768 3.365,772 f 20 30 ...... 2,647,011 25 42,840.625 81.877 2,640.346 346,156 Banca Oom It Tr Oo 2,695,022 400.00) 495,619 Broad Street Trust. 1,823.815 250.00132,165 1,479,491 Qhestnut Hill T A Tr 6.700,00' 617.217,380 106,508,465 Fldelity-Phlla Tr Of Finance Oo of Pa 641,114 2,320.000 7,315,742 6(H).UP) 1,307,078 10,192,573 Prankford Trust Oo 1.400.00' German town Tr Oo 2,542,372 21,203,312 4.000 no Glrard Trust Oo 611.382,438 103,479,382 Industrial Trust Oo dl,132,250 1,693,224 11.804,367 Integrity Trust Oo— Oommon 995,973 1st preferred 2,000.000 62,275.732 37.492,915 2d preferred 3,qpo.ooo 100 50 158 164 15 20 100 100 20 11 Tioga Nat Bk A TrCo d 58,180 Tradesmen'sNatlonal National Banks OKLAHOMA June 30 Bank A Trust Oo Institutions State Wyoming Bk A Tr. June 30 Nomi nal. Per Guthrie— 100.000 75,000 First National Bank. First State Bank... 123.955 68,246 share. 100 2,337,133 1,478,938 100 MoAlester— 100.000 189,010 244,112 2,529,107 2,037,520 100,000 300,000 400,000 158,981 471,144 349.883 2,528,030 3,714,087 4,816.181 100,000 Nat Bk of McAlester First Nat Bk of McA 25 N re Preferred 200.000 213.350 4.700.000 12.940,535 300,000 222,911 652,101 39,600 100,000 500.000 231,618 17.373 40,000 Fidelity Nat Bank.. d 450,000 Liberty Nat Bank.. dl.200,000 Oklahoma Nat Bank. Tradesmen's Nat Bk Stock Yards Bank les 100 100 100 6,362,249 58,814,516 / 3,750.000 17,433,019 7.500.000 1.000.0) 0 61,317,262 Mitten Bk A Tr Oo 1,500.-000 6 730,038 Ninth Bank A Tr Oo d2,464,810 6 679,064 500.00* Northern Trust Oo_. 3.328,992 Nor Phlla Trust Oo 500.OO' 1.273^.898 10 100 150 26 100 100 100 185 32 "50" "75" 155 100 175 125 125 160 100 100 125 2,000,000 100,000 1 190,000 347,500 Common Preferred Nat Bk of Oom'erce. d 1.366.303 20 248,850 62,545 49,194,954 25 28 5.543,501 J I 5,064.083 20 20 20 Penn Oo for Insur Preferred West Tulsa State Bk 2.250,000 12,308.129 1,500,000 10,270 25,000 • 54,953,049 20 20 100 Lives A Grant Ann Tr A Safe Dep Oo Penn W'h'g A S D Oo Provident Trust Real Est Tr On 20 30 OREGON Per National Bank Portland— First National Bank. Portland Tr A Sav Bk United States Nat'l Bank ... 200,000 297.876 51 10 17M 18K- 10 84 86 10 190 53 10>* 9H 4 n alO 10 110 6,808,999 210 share 100 Bank of Ohio 215,664 255,373 111,349 826,587 200.000 100.000 Arsenal Bank Valley. 2,500.000 300.000 3,592,506 501,001 99,481,111 4,115,509 100 100 4.500.000 4,227,635 115,626,079 20 30 10 50 36 41 50 33 10 10 39 11 100 50 5 0 106 600 112 10 100 100 418 3,140,306 1,293,077 695,597 11,625.334 29 28 59 423" 59 50 10 7M 8H 235 108 31J4 60 40 50 10 100 Sale price. Preferred 200,000 500.000 '166" • v stock retirement # price.' , ? , . debentures outstanding. e June 30, 1936. /The Mahoning National Bank and the Mahoning Savings A Trust Co., affiliated institutions located at Youngstown, Ohio, were consolidated recently under the title of the former. g The Market Exchange Bank Co., of Columbus, Ohio, recently trans¬ ferred $100,000 from surplus to capital and issued two shares of new stock j for each old share held. * V* ( 100 { PittsburghAllegheny Valley Bk. . June 30 Eugene- 20,582 , 6 Sept. 30, 1937. c Member of the BancOhio Corp. d Common and preferred stock or Nomi nal First 10 48,489,097 11,842,463 3,271,145 830,971 213,382 125,000 * June 30 100 100 614,890,366 235,928,724 1,004,946 1,129,02,2 300.000 Braddock Nat Bank. "HO" Institutions State _ 8.400.00' 750.00' 3,200,000 14,148,328 1.500.000 62,565,223 Security Bk A Tr Oo. a National Banks 24 314 30 "25" "30" J 10 ( 346.799 19 309 182 or Sonsitaly Bk A Tr Oo Nat Bank of Tulsa— Common 8,838,466 5,568,459 20,554,739 12,047,046 7.176,026 Liberty Title ATrOo . Tulsa— First Nat Bk ATrOo Fourth Nat Bank— 31,026,540 Oommon 10 I 7,333,663 21,796,603 1,509,017 16,719,939 1,008,132 13" 50 Land Title Bk A TOo 100 Preferred Oklahoma CityCity Natl BkATr Oo First Nat Bk A Tr Oo Common cent sa 100 Muskogee— Oltisens National Bk Commercial Nat Bk. First Nat Bk A Tr Oo o 4,650.201 3.300.00' 300.00) i.000,00. d h Preferred stock retired. i March 31, I Last sale. 1937. x Ex-dividend. y Ex-rights. JAN., 1938] BANKS Capital Surplus & Profits Pittsburgh (Concluded.) Dollar Savings Bank d 35*285,020 Farmers Deposit Nat 0.000.000 9,548,541 First National Bank. 6.000.000 6,431.918 AND 300,000 Pittsburgh Iron & Glass Dol Sav Keystone Nat Bk— Common.... 664,013 143,917 151,335 423,198 100.000 172,700 Hazelwood Bk (The) Hill Top Bank...... Homewood .Bank at 395,000 300.000 635,600 200.000 200.000 116,180 p 429,049 Nomi not. Per share. 54,184,646 , fl. 190 100 195 5.455.530 10,050,403 3,363,336 1,323,084 100 190 100 10 2,341,743 50 1,737,467 4,469,353 50 87,297,577 98.818,406 100 50 10 • i • gi 100 mm mm mm mm mm Charleston— Citizens A Sou Bank 0 Carolina Sav Bank.. 700.000 200,000 50,000 498,345 226,785 40,262 1,100,000 1.200.000 } 624,186 200.000 35.000 133,835 160,204 3,808,627 1,624,640 25 250.000 200.000 Preferred. 498,988 491.044 5,704,326 3.989.586 100 10 67,024 J ...... 100 2,314.128 20 J100 4 1100 39.852,638 100 10 10 x 11H Greenville— 65 Peoples Nat Bank... 220 245 26 23 «5Q 8partanburg— menmmm 1,714,290 f 25 I 25 40 1,782,208 60 16 H 95 100 Columbia— First Nat Bk of Ool. Lower Main St Bank First National Bank. 60 16,274,618 0 10 5,921.253 100 497,740 100 50 125 60 Ask Bid Par mm mm mm rnemmmm 20, Cross Deposits Nomi nal Per shar* Common mm mm mm mm mm Surplus & Profits Capital Miners A Merch Bk. South Oaro Nat Bk— mm m. t i f 50 200,000 I 232.962 4,068.990 170,000 7.500.000 22,513,464 290,263,313 Preferred Mellon Nat Bank... Nat Bank of America Common 141,625 Preferred 108,375 Nor Side Deposit Bk 151,571 200,000 Pitt National Bank. 569,046 700,000 Shearaden Bank... 143,000 50,000 Union National Bank 2.000.000 4,431,797 Union Savings Bank., 1,000,000 a3,738,096 Western SAD Bank i 498,750 398,723 ... Ask Bid Par 109 COMPANIES Cross Deposits . First Nat Bank A Tr Co of East Pitts.. Forbes National Bk. Fourteenth St Bank. TRUST Com'l Nat Bank—» Common. Preferred.... 160,000 Slouz Falls— Citizens Nat Bk A Tr First Nat'lBk A Tr. Northw'tSecurNatBk Union Savings Bank. 100.000 385.000 795.000 ....... «25 ""§5" 40.000 65 65 1.500.000 al, 913,127 125,000 119,134 1,320,000 1,194.505 2.000,000 9,487.982 11,235,663 1,300,000 32.254.671 34,596,685 3,739,812 6,491,554 29,253.433 19.760,145 2,476,768 300,870 23.333.468 334,886 2,550,958 60 20 33 38 5 too 6 9 85 46,532 25 20 40 6.000.000 alO ,596,648 92,889,447 Potter Title A*Tr Oo i 875,000 437,519 6,069,685 Provident Trust Oo. 150.000 174,703 1,863,781 South Hills Trust Oo 125.000 a 372.558 1,911,325 Union Trust Co.. 1.500.000 a78,415,941 239,413,490 500,000 1,073,700 Washington Tr Oo.. 5,875,014 West End Bank 171,845 200,000 1,984.860 William Pnnn Tr Oo. < 175.000 99,000 2,192,000 Worldngm&n's Savgs Bank A Trust Oo. 400.000 1,050,968 9.618.383 j Allegheny Trust Oo. Colonial Trust Co... Oom'wealth Trust Oo Dormont SAT Oo. Farmers Deposit Tr. Fidelity Trust Oo Manchester Savings 820,383 700.000 <3.840.000 hi ,739,902 M Bank A Trust Oo. 250.000 50 100 100 50 100 100 100 50 100 25 "185" 195"" ""45" 95 90 90 103" 97 97 155" "91" 96 Nomi nal Per 68,952 117,460 153,241 56,676 150.000 1,398,200 plOO 4,731,258 100 8,852,366 flOO 100 1,081,548 share« N o re cent sa les People's-Pittaburgh National Banks June 30 TENNESSEE State Institutions June 30 100 100 6305" 6956" 100 10 50 100 7 37 50 50 "id" Nomi nal. Chattanooga— Per Amer Tr A Bkg Co.. 963,384 10,547,164 100 Common 275.000 1 384,003 Preferred 375.000 / Hamilton Nat Bank. <2.800.000 1,231,065 8,749,151 (100 150 37.095,561 share. 200 190 625.000 Commercial Nat Bk: 75 155 - 1100 100 145 37,197 106.262 1,145,738 429,638 1,284,233 100 2,420,055 6.25 100 23,968,441 9,657,520 100 130 9 10 210 220 100 300 310 150 Beading— Union National Bank Berks Oo Trust Co.. Oity Bank A Tr Co.. Beading Trust Oo. 626,696 1,323,330 356,841 2,550,883 1.000.000 1.800,000 300.000 1,170.300 5,407,138 16,645,360 3.755,104 16,240.128 10 1,165,502 26 Knoxville— 5 10 10 ii* 12*3 19g Bank of Knoxville... 50,000 Oomm'l Bk A Tr Oo. < 200.000 "Jamllton Nation alT*k i 950,000 Park National Bank. 1.000.000 135 Soranton— B. Scranton State Bk First National Bank. Green Aidge Bank.. North Scrant Bk A Tr 4.050.000 193.080 4,929,596 200.000 300,000 300.000 139,924 331,299 42,512 65,096,015 1,105,330 2,341,737 993.427 15 50 150.090 2,627,330 60 200.000 Providence Bank... < Scranton Nat Bk— Common Preferred South Side Bk A Tr. Third Nat B A T Oo- 200.000 100.000 400.000 ........ Common Preferred. West Side Bank.... Penna Trust Oo— » 28 58 32 646.504 706,716 25 3.009,924 25 25 138,243 Wilkes-Barre— First National Bank 750.000 Hanover National Bk i 298,750 Miners Nat Bank 2,500.000 Seoona Nat Bank... 1.000.000 W-B Dep A Sav Bk. 500.000 Wyoming Nat Bank. 500.000 15,421.899 418,113 150.000 189.550 4,846,282 25 1,832,368 1.387.516 149,823 5.508,660 3.078,396 605.303 744,427 ... 25 25 9.431,674 1,340,196 24,154,771 15,371,479 4,098,214 100 50 60 100 25 7.964,052 50 Memphis- 70 28 61 75 32 First National Bank. Nat Bk of Commerce State Savings Bank. 1.000.000 1.000.000 50.000 1,649,642 1.924.758 76,689 39,355,108 27,707,396 1,371,731 100 220 230 100 220 230 15 20 Union Planters' Nat'l Bank A Trust Co. 3.500,000 4,212,962 60.130,316 10 40 50 75 1.000.000 200.000 250.000 Common. Preferred 18 50 "65" "SB" 48 50 "65" "70" 3 250 50 108 440 31 103 3X 24H Common Preferred 52,251,341 11° 3.000.000 11,153,603 3.800.000 / 300.000 r 600,718 1.000,000 r 925.725 ... Broadway Nat Bank Commerce-Union Bk Nashville Trust CoCommon......... Preferred Third National Bank 255 52 110 450 33 105 19 20 10,153,205 (100 500.000 11,086,792 1.133.300 / 1,111,704 10 (b) 105 210 225 100 26.395.471 ion mrnrnm First National Bank 250.000 250.000 225.000 Williamsport N Bk.. West Branch Bk A Tr 207,491 343.592 516.918 a 10 2,515,304 5,083,259 5,732,309 20 < 198,330 250.000 190.000 2,397,011 f 10 I 150.000 332,812 26,198 100.000 574,879 500.000 194,457 125.000 503,735 225.000 857.278 300,000 500.000 537,407 500.000 773.438 750.000 al ,221,716 Nomi nal 128.544 400,000 465,155 728.185 74.150 24 100 10 "19" 10 25 American Nat Bank. First National Bank. Secur St Bk A Trust 10P 3,670,011 J100 tioo 20 195 56 26 42 26 62 19 100 10 26" 200 57 44 64 20 200,000 100 8.000,000 25.000 Common Nat Bank of Comm. Dallas Nat Bank... Oak Cliff Bk A Tr Co Common...... RHODE ISLAND Newport— Aquidneck Nat Bank Nomi nal Per share. Newport Nat Bank.. Newport Trust Co.. 53.157 480.371 1.038,138 > 6.078,693 0 489,177 2,846.600 25 25 60 *00 25 85 les 20 46 47 150,000 88.50C j 93,431 4.137,374 {100 150 175 26.249.234 r 20 1100 20 70.126.049 150.000 1.000,000 6.348.075 19.844.076 Common. Capital notes. | 910.491 342,343 895.229 100.000 66.400 j 72,702 125,000 75.000 j 47.567 2,306.713 1.980,398 100 2G 1100 | 20 38 40 46 210 48 215 *49 100 29 30 150 4.092,714 sa Liberty State Bank: 1,100.000 900.000 | 243.486 o rec ent DallasFirst National Bank. Hillcrest State Bank. 4.000,000 a3.548.964 400,000 235.000 120,000 300.000 N lor 10< 16 X Capital notes Preferred elOO lot. 9,642,891 11,617,435 2,443.177 5,261.794 104.202,450 46,116 1,216,890 400.000 < Mercantile Nat Bk— Common share. iOt 12,000.000 13.812.826 Beaumont- 5 10 3.246,874 678,321 7,416,141 1,653,916 4,160,734 5,427,369 4,608,549 4,366,914 7,263,497 579.750 418,000 418.747 115.000 1 85.000 Preferred stock.. York— Cent Nat Bk A Tr Co Common........ Preferred........ Drov A Mech N Bk. Eastern Nat Bank.. First National Bank. Industrial Nat Bank. Western Nat Bank.. York Co Nat Bank.. York N Bk A Tr Oo. Guardian Trust Co.. York Trust Co > — 110 Per 300.000 Capital Nat BankCapital stock.... 10 «• Stole Institutions June 30 TEXAS i American Nat Bank. Austin Nat Bank.. 16 2b 19,530,185 1.000.000 National Banks June 30 15 1100 5,598,106 Austin- Williamsport— 25H Nashville— American Nat Bank 35 Ralenrice Providence— Blackstone Can Nat. Columbus Nat Bank: Citizens & Southern 500.000 105,000 1 95,000 i 120.000 Preferred........ Mechanics Nat Bank Common.... Preferred - Nat Bank of OomATr Phenlz Nat Bank... Providence Nat Bank Industrial Trust CoLincoln Trust Co Rhode 1 Hoa Nat Bk. Rhode laid Hoe TrOo Union Trust Oo..... - 350.000 150.000 850.000 450.000 1.500.000 4.000.000 125.000 2.500.000 5.000.000 1.000.000 70.480 1,685,603 217.585 1.457.741 50 213.858 5.007,851 25 25 25 60 780.201 7,730,004 iO 946.132 3.034.108 00 2.535.423 12.297.444 00 09,843.263 114,385.635 26 198.867 1.488.397 2.866,215 50.800.064 1100 12.072,928 42.992.621 1000 ol.377.176 24,102.818 100 '75 I (10 8 no 11 elO ISO* 30 180 33 150 300 200 37 ... Preferred stock retirement price Dec Oct. 30,1937. Affiliate of the First Bank Stock Corporation r 239.975 3,301,088 fl00 1 50 , 31. 1936 n o 2500* 140 p 200.000 \a 248.7501 f * / Member of the Northwest Bancorporation 0 Affiliated with the Citizens A Southern Nat. Bank of Atlanta h March 31. 1937 1 Common and preferred stock outstanding k Stock all owned by the Rhode Island Hospital Trust Co / Last sale 2300* Woonioeket— ....—. Ga.. system Security Corp Merger of the Citizens National Bank A Trust Co. of Sioux Falls, S. Dak., the First National Bank of Huron, S. Dak., and the First National Bank of Vermilion, S. Dak., were consummated on Jan. 1, 1938, under the title of the National Bank of South Dakota, Sioux Falls, S. Dak. ld A mutual savings bank, v 140 285 82*" Woonsocket Trust Oo Common. Preferred Bank of Savannah. 4 September 30. 1937 Member of First Common High St Bk A Tr Oo 00 1100 Nov. 10.1937. s Dec. 1, 1937. x Ex-dividend. ' Ga. National Banks Surplus <fe Profits Capital State National Bank Fort Worth— Continental Nat Bk. First National Bank: Ft Worth Nat Bank: Common Preferred 419,066 772,893 750,000 a 1,500,000 1,500.000 il.561,025 — Par share. \Tru8t Oo People's Nat Bank.. Depositors Industrial 7,758.792 I 150 100 60 69 72 20 39 41 41 156.655 100,000 300,000 79,085 76,991 454,947 649,513 5 3.355.941 100 3.231,101 3,612.901 30,728,606 14,543.928 1,189,222 50 125 50 100 25 240 30 250 813,593 961,851 75,847 117 118 33 35 100 183.386 2.365.703 10 70.050 2.615.956 10 500.000 324.659 6.033.272 50 250,000 449,000 82,122 288,700 1,114.348 2,490,782 100 re 100 sales Bank of Comm A Tr 600,000 Central National Bk. Consol Bk A Tr Co.. First A Mer Nat Bk. Mech A Mer Bank.. State-Planters Bank A Trust Oo: Common 1,000,000 730,601 842,553 65,486 3,369,005 121,081 10,040,954 18,971.659 Loan Bank 1 Lynchburg Tr A 8 B. 512,778 245,864 100 I 5 7X I 9 I 353 X Norfolk— 10 100 329.036 4.518.137 3.835.211 Com'l Tr A Savs Bk: 39 I 132^ J138 600,000 500,000 A 45,257,643 f 20 80,653 Nomi nal. Per share. $ $ 514,235 1,000,000 Ask Bid Par Lynchburg Nat Bank 60 486,156 963,322 Deposits LynohburgFirafc National Bank. 100 100 14,993,233 37,423,370 6,735 245. ooor/ i Per $ 8,963,119 19,985,680 Cross Profits Capital Ask Bid 20 900,000 15,420 / Fraternal Bk & Tr Co Union Bank A Tr Oo 1,030,706 June 30 Surplus & Cross Deposits Institutions State VIRGINIA June 30 Nomi nal. $ 392,405 $ 300,000 300.000 El Paso— El Paso Nat Bank— COMPANIES National Banks State Institutions June 30 TEXAS June 30 TRUST AND BANKS 110 Mer A Mec Sav Bk.. 59,967 Merch A Planters Bk Nat Bk of Commerce 430,540 349,000 250,000 2.500.000 Seaboard Oitz N Bk 1,500.000 Southern Savings Bk a 166,400 100 Galveston— Olty National Bank. First National Bank. Hutchlngs-Sealy 200,000 200,000 341,781 345.169 13,926,638 4,463,080 100 100 N re cent National Bank U S National Bank.. 750,000 500.000 435,750 663,896 8,882,422 9,200,573 100 sa les 300.000 94,599 4,571,443 100 95 110 10,068,460 I 20 1100 28 32 o a City National Bank: 500,000 100.000 Common Preferred | 188,590 3,000,000 2,250.000 Common.. Preferred .... Jl.585,485 (100 632,500 I 341,500 367,500 Preferred 1.000,000 1,487,606 Second Nat'l BankNat Bank of Comm. a3.125,000 2,535,287 267,127 State National Bank al.000,000 1,346,075 Union National Bank 1,000,000 dloo" uoo South Texas Com¬ mercial Nat Bank- Fidelity Trust Oo— Guardian Trust Co.. Houston Land A Tr 2,051,621 267,024 796,742 432,437 1,500,000 200,000 600,000 al.500.000 12,983,514 (100 120 100 1125 100 225' 235"" 100 100 25,668,963 36.795,902 7,867,623 24,811,539 300 125 350 335,000 t 315.000 500.000 947,500 | 623,340 cent , 80.000 3,000.000 200,000 100 18 3.170.121 6.606.122 15 25 50 80 301,815 1,449,326 336,097 6,282,672 25,876,725 4.370.684 lot 65 215 10^ 90 155"" 90 130 126.148 100 1100 100 623.932 100 5,283,478 (100 27 Southern Bk A Tr Oo 200,000 Virginia Trust Co... al,100.000 100 153.443 110 2,009.618 *50" 25 5,508,226 5,264,593 90 *45" 20 3.608,657 37,891,686 100 65.311.058 37 20 10 46.070.253 Preferred Sav Bank A Tr Oo._ "140" 35 20 717.962 378,130 210"" 300 544,479 366,179 No 200.000 195 280 127.274 100,000 100.000 Preferred--—. 7X 1,250.000 11,096,245 1,900,000 100 San Jacinto Nat BkOommon a 10 Riohmond— 160 Houston Nat Bk— o Common Portsmouth— American Nat Bank. Oltlsens Trust Co.. Merch A Farmers Bk First Nat Bank— 46,961,062 200,000 276.000 Petersb Sav A AmTr Houston— Oltlsens State Bank. PetersburgCitizens Nat Bank.. 50 12*2 100 '72" Roanoke— Oolonial-Amer Nat B First Nat Bxch Bank 500,000 1,000.000 800.000 Mountain Trust Bk. 50 Port Arthur— First National Bank Merchants Nat'l Bk. 5,163,480 3,554,556 16,962,227 (100 625 100 100 San AntonioAlamo National Bk: Common. Preferred Bexar Oo Nat BankCommon Preferred Frost National Bank Groos Nat Bank- 127,594 200,000 I 100,000 1.200.000 1,186,543 ... 140 125 1100 33,224,627 100 92,681 5,190,198 i 36 29 (100 2,403,118 I 50 '200" Institutions State June 30 Nomi nal. L 110 95 350.000 130,000 Nat Bank of Oomm al .000.000 753,611 18,156.096 100 175" 250 lon.ooo 1,320,543 4,138,234 100 100 105 383,900 41,543 98,243 140 50 300.000 262,623 3,637,259 100 7,240,392 10,025,022 729,443 100 Oommon WASHINGTON June 30 230 Common....... Preferred National Bank ofFort Sam Houston Ban Antonio Nat Bk South Texas Nat Bk- National Banks d50 50 a .... dlOO UOO 250,000 925.000 100.000 322,455 453,075 73,702 400.000 Seattle Tr A Savs Bk 175 160 68 Sumitomo B of Seattle 4.537,962 136,481,294 i 20 3.065,041 70,643,616 c 25 ltfO 1,090,255 20,527,090 20 626.466 22.991,297 100.942 100 2,774.389 20 159,527 5,736,408 7.141.233 100 590,634 .000,000 .500,000 ,500.00ft .350,000 200.000 University Nat Bank ,-e. Waoo— Oltlsens' Nat BankFirst National Bank. # Per Seattle— Seattle—First Nat Bk 550.000 Nat Bk of Commerce Pacific Nat Bank... Peoples N B of Wash- 50 75 100 100 498.150 144.975 6.004.613 461.073 20,431.587 142"" 155" • 20 25 "~24~~ 55 (100 200.000 572.031 7.710.897 100 935,640 214,733 16,511,176 5.372,722 100 25 Common Preferred June 30 32 X 60 100 550,000 First Nat Bk in Spok Old N BAUnTOo. 450.000 ... Washington Trust Oo NatUmal Banks share Spokans— Tacoma— Nat Bank of Wash— al .450.OOP Puget Sound Nat Bk a 780.000 National Olty Bank. 31H N \100 o +. re cent sa les 170 185 17 19 3tate Institutions UTAH Oct. 1 Nomi nal Per Ogden— 79,948 1,175,333 6,193,744 18.637,103 a 413,905 900.000 714,075 750.000 750.000 855,944 Utah State Nat Bank a Eton's Sav Bk A Tr 1.000,000 1,031,046 219,138 300,000 Utah Sav A Trust Oo Walker Bk & Tr Co: 1.500,000 I 657.617 Common 450.000 Capital notes...., 12,101,400 a 16,341,823 15,548,753 14,220,648 3,131,924 100 100 100 100 100 share. 100 100 550,000 924.000 Commercial Sec Bk. First Security Bk NA 8alt Lake CityOontl Nat BiATr Oo First National Bank - National Banks June 30 27,268.261 1100 VERMONT State 60 70 170 190 180 200 190 200 120 130 90 95 810,000 People's Nat Bank.. Quarry 8 Bk A Tr Co 200.000 204.500 474,518 287,813 154.503 Institutions 3,504,814 2,716,366 1.964,741 125 150 100 100 N 40 re cent 100 sa les 276,354 2,684.282 100 219,346 76,532 224,173 2,752,240 (100 1100 20 1,867,445 100 1,238,616 263,399 135,679 2,897,486 1,016.286 100 N cent 136,759 3,048.852 (100 1100 2,033,130 100 sa les 407.500 150,000 180,000 100,000 617.461 Clement Nat Bank— 150,000 KUlington Nat Bank Rutland Co Nat Bk: 100.000 a a First National Bank: . 25 30 Rutland— Common Preferred —— Rutland T-urtCo— 100.000 126,000 a256.500 share. Jfl, 012.279 5,067,523 | 306.792 1.000.000 Jfcl.351,654 200.000 274,389 s N (100 21.084.232 2.616,972 66.025 600.000 k ( 25 \ 40 593,333 o ■■■ re cent sa 100 100 les 100 83,486 1.185.662 100 600.000 441,335 5.329.480 100 449.605 k 66,792 534,901 507,531 154,642 696.503 1.518.447 25 4.954.990 100 80 165" 1.152,820 5,115.557 100 100 100 275 305" 2,381,626 19,739.631 100 130 145 150.000 k a Sav Bank a 80 90 Nat Bank of W Va.. Nat Exchange Bank. i 500 000 500.000 100.000 k 300.000 k 1.800.000 4,980,421 100 75 o Montpeller— Capital 8 B A Tr Co Preferred 100.000 20.757.027 Half Dollar Trust A A Trust Oo 6,403,754 5,956,310 701,038 3,404,382 re 491.500 680,272 422,548 73,749 214,327 Montpeller Nat Bank Montp'r 8 B A Tr Co Capita] notes Kanawha Valley Bk Nat Bank of Oomm. Central Trust Co- Security Trust CoWheeling Dollar Savi tit >0,000 9o ward N at BkATrOe 150.000 Merchants Nat Bank Burlington Trust Co. al .085.961 Common........ 500.000 So Side Bk A Tr Co. 100 Burlington— Chittenden Oo Trust 650.000 Center Wheeling Sav Oltlsens Mutual Tr Oo 100 100 1,062.500 Wheeling— Nomi not. Per share. Granite 8 B & Tr Oo Per Common Common June 30 Barre— Nomi nal. Charleston— Charleston Nat Bk: 147,777 10 o t Stock of South Texas National Bank of San Antonio. Texas, all held by Central Securities Co. with exception of directors' qualifying shares. • Sale price. a Common and preferred stock or debentures outstanding. b Member of First Security Corp. e Member of the Marine Bancorporation. d Preferred stock retirement price. e Member of the Northwest Bancorporation. /March 31,1937 g The National Bank of Commerce of Seattle, Wash., on Dec. 24, 1937, purchased the Valley State Bank of Wenatchee, Wash., with deposits of $1,500,000. h Dec. 31.1936. i Member First National Corp. k June 30, 1937. I Last sale. n 0 r 8 Preferred stock retired. Controlled by the Joseph F. Meyer Interests, Member People's Corp. Trust funds. (Oct. 15. 1937. u Farmers' National Bank of Colfax, Wash., effective Nov. 6, 1937, absorbed by the Old National Bank A Union Trttst Co. of Spokane, Wash. was x Ex-d'vldend. > Jan., 1938] BANKS National Banks Capital TRUST COMPANIES 111 State Institutions WISCONSIN June 30 AND June 30 Cross Surplus & Profits Deposits Par Bid Ask Nomi nal. La Crosse— S 500,000 al75,000 400,000 100,000 Batavian Nat Bank. Exchange State Bank Nat Bk of La Crosse. State Bk of La Crosse $ 274,858 32,143 273.843 161,126 4.970.820 1,183,206 6,086,404 2.928.821 200,000 500,000 350.000 102,316 122,790 97,544 1,949,498 5,940,906 3,170,585 $ Per 20 20 100 share. 25 N 0 20 re cent 100 sa lee e , Milwaukee— Badger State Bank.. City Bank A Tr Co.. a a 17 20 Cross Surplus & Profits Capital Amer State Bank Common 5,000,000 15,881,418 197,369,962 8,500,000 a350.000 122,454 1,605,737 100.000 87,002 1,507,088 Preferred Home Savings Bank. Kilbourn State Bk.. Lincoln State Bank: ... $ % $ Bank of Nova Scotia 12,000.000 24,000,000 241,127,661 100 "40"" "55" 4% {.!. Ask 100 295 100 100 100 100 250 cent. 300 4% "22" 20 100,000 300,000 2.200.000 20 42,342 1,173,057 100 2,106.364 34,321,013 20 34 37 Marshall A Hsley Bk a2.992,500 Mitchell St State Bk. a 600.000 Northern Bank..... 100,000 Park Savings Bank.. a 539.500 731,610 57,595 20,226 103,181 44,069.727 2,003.829 1,579,175 1,647,958 20 19 22 State Bank of Milw. 46,396 83,200 814,380 217,078 714.793 2,064,614 1.983,546 4,444,414 3,735,211 8,562,449 Income debentures Marine Nat Exch Bk 550,000 466,700 400.000 300.000 1.000.000 a TeutoniaAveStateBk West Side Bank Wisconsin State Bk. First Wise Trust Co. J Toronto- 100 100 Per Bank of Toronto ■6,000.000 9.000,000 109.381,428 Can Bank of Comm. 30.000.000 20.000.000 525.665,897 Dominion Bank ■7.000.000 7,000,000 109,020.529 Imperial Bank of Oan 7.000.000 8,00ft, ftno 125,668,189 8% 100 160 20 27 Montreal— 100 Per 86,000.000 39.000.000 686.861,551 7,000.000 5.000.000 127.514,282 750.000 1,500.000 12.467,955 Provincial Bk of Oan 4.000.000 1.000.000 45,934,059 Royal Bk of Canada 35.nnn.nno 20.000.000 730.718,554 Banque Oanadlenne. Barclays Bk (Canada) a Per share. 254,431 248,806 5,465,421 7,134,274 Quotations Bonds ..... Bid. ... ........... Burlington 5a Chicago 4943 ... 5s Dallas 5s ; Denver 5s First Carolinas 5s First of Fart Wayne 4 %■-. First of Montgomery 5s..., First of New Orleans 5s... First Texas of Houston 5s. First Trust of Chicago 4%s Fletcher .... ... ... 8Kb Not 6 1945 opt *40 Fremont 4%e 5s Greensboro (N C) 5s Greenbrier 5s Illinois Midwest 5s /Flat price, x .... Ex-dividend. Bid. 100 Kentucky 5s..... Lafayette 5s.. 5% % 5 96% 89% 100 94 97% 97 % 99 100 % 60 60 100 ....... Bonds* 99 100 6% 10$* 8* 102 96 99% 99 101 182 no par stock. Member of the Northwest Bancorporation. Iowa of Sioux City 4 Ma 56 100 31, 1937. I Last sale. 100 102 160 x Ex-dividend. Lincoln 93 96 100 99 % 63 5s 4%s Louisville 5s New York 5s North Carolina 5s Ask. Bonds and Stocks. Union of Detroit 97 Virginia-Carolina 3s...., 99 5s 101" 62 Atlanta 100% Atlantic il* 50 99 55 Pacific Coast or Portland 5s Pacific Coast of Salt Lake 5s Pacific Coast of San Francisco 5s_ 99% 101 100 100 100 105 STOCKS 100 50 60 38 42 Denver 100 100 100 10 15 Des Moines ion 40 50 ..100 2 Dallas ... First Carolinas Freemont.. Lincoln. 100 107 New York .——..........-100 106% 108% North Carolina 100 101 Pennsylvania 65 St Louis 58.. San Antonio 5s Southwest 5s. Southern Minnesota 5s ........ 24 100 102 ..... 70 73 ... 13 15 102 102 78 82 ........ 72 100 101 Phoenix 4%s 58 100 99 101 Par Potomac 5s_................ 98% 97% 70 102 99 97 % 99 % Ohio-Pennsylvania 5s Oregon-Washington 5s Pennsylvania 5s Ask. 71 100 ......... Bid. 4%s. 65 102% 113"" 115" for the last day of the month preceding the date of issue. Ask. 50 cent. 202 158 d Unit of the Wisconsin Bankshares Corp. e 99 100 5s... are 100 100 200 Common and preferred stock debentures outstanding. 6 March Cheyenne— 100 100 100 100 Sale price. t Wisconsin Bankshares Corp. WYOMING 250.000 300.000 230"" 31 • American Nat Bank. Stock Growers N Bk. 224 220 QUEBEC 12 200 20 ■ National Banks June 30 cent. 255 168 "45" "55" 20 Bank of Montreal i, „ Per * flommnn California Bid Halifax- d 1 First Wise Nat'lBk— Atlanta 3s Atlantic 3s Par Deposits 19 27 Potomac San Antonio Virginia Virginia-Carolina .100 .100 100 75 5 % 2 1 3 9 12 43 24 ......100 65 33 5 1 100 65 75 37 1% Quotations are aa near as possible for the closing day of Bid. Bonds. Albany Metropolitan 5-6s 1949.. Alden 6s 1941 bonds & ctfs_. J& AUerton 55th St 5Ms 1945—F&A Allerton N Y Corp New cum income 2-6s 1955... / - 65 36 57" 53 1st Allied Owners Corp 1st income 4-5s 1958——J&J Debenture 2-4s 1963 J&J Ambassador Hotel (Los Ang)— Non-cum inc. 3-5s 1950.-A&O 94 61 63 65 67 Amer Insur Un Bldg 6s '41-M&N Arcade Bldg & Rlty <Seattle)— 38 39 Arcady-Wilshire Oo (Los Ang)— Non-cum inc 5s June 11949J&J / - Blag 6tr 1961. HarrtmaD J&D / Hartford Times deb 4Mb '51 33 27 37 35 cum inc 20 M&S f 40 43 '46J&J / 17 18 35M 1st 8 f incqme 5s May 1 1948— / Hotel Governor Clin us '4 8.A&O / 45 43 Hotel Lexington 4s 1955 Hotel Sherman (Chic) 6Ms Hotel Syracuse inc 3s 1955 Hotel Taft Corp (N Y O)— 63 6s (Brooklyn) 1942 P&A f Bellevue-8tratford (Phlla)— 5 Ms 1935 -—J&D Benf Franklin 6s ctfs 1933——— Berkeley-Oarteret 5 Ms '46.M&N Bing & Bing deb 6 Ms 1950-M&S Income 7s 1950 w-s M&S Boston Postal Service— 5Ms July 1 1938 —J&J B'way Barclay Office Bldg— / 1st, 2d 1956 Bway Mot Bldg (N Y) 6s *48 F&A Bway & 38th St 7s 1945 J&J Bway & 41st St Bldg 3-5s 1944— Broadmoor (The) 6s 1941..—... Brown Hotel (Louisville)— 1st sinking fund 5s 1949..— 2nd income 6s 1949 64 55 - 8 25 Lake Sh Ath Club 20 16 1945-M&S Leasehold inc 2s 1945-M&S 1945.M&S Chesebrough Bldg 6s 1948--A&O Chicago Evening Amer 6s 1936— ChicHerald & Exam 6Ms '50 M&S Cigar Stores Realty Holdings— S f dep 5Ms 1949 ser A J&J Circle Theatre extd 6s 1946.M&S Cleve Term Bldg 1st 6s 1941-J&J Stamped Unstamped Cleveland Theatre gen 5s 1944. Colonial Apartments 6s 1937 Columbus Venetian & Stevens— Income 3s-5s (w-s) Sept 1955— With beneficial interest ctfs / Congress Square Hotel (Port Me) 5 Ms 1946 M&N Court & Remsen Sts (Brooklyn) 6s 1940 A&O Bldg Corp 1st s f 3M-5S...1940 Davidson Rlty 6s w w 1940 A&O Detroit Hotel 6Ms to 1941..M&S ... _ M&N Eastern Ambassador Hot 5 Ms '47 J&Ji/ Equitable Office Bldg 5s 1952 Deb 5s Legended 1952 Perry Sta P O (San Pr) 6s 1934-Film Center Bldg 6s 1943--A&O 5th Ave & 28th St Bldg 6 Ms 19455th Ave & 29th St Bldg 6s 1948— 5th Ave & 55th St Bide 6 M« 1945. 15 Park Row 4s w s 195260 B'way Bldg 3-6s 1946 M&fl 51 Fifth Ave 4s 1943 A&O 62d & Madison Ave 6s 1947 / 55 Fifth Avenue 6s 1944-— M&N 600 Fifth Ave 6 Ms stamp 1949. 1500 Walnut Corp (Phila)— 1st 6s 1950 / 1512 8pruce St (Phlla)— l*t mtge 6s 1943 A&O 40 Exchange Place 5 Ms 1956-J&J 40 Wall St Bldg 1st 6s 1958 42 Broadway Bldg 6s 1939—J&J 48 West 48th St Bldg 6s 1936— 1400 B'way BldgGMsstm-1948-. 1410 B'way Bldg 3 Ms 1941.A&O Fax Det Theatre 6s 1942 ...A&O - Music 1941.M&S 80 4 - M&S 52 20 5M 45 74 60 12M 13 M 6s 1948 Lefcoun 22 24 53 M 92 54 M 35 36" 45 50 ~9M 5Ms vf»nhat Bide— 58 1st 4-5s exten to 1948 Lefcourt State 38 Lewis Morris Ants 6 Ms / / 1937 86 30 104 104 61 12 ' 18 6M 50 98 97 39 50 I* 51 70 17 M 97 M 33 30 60 26' 25 4M 37 i°8* 27 IS* 28 40 M 23 37 M 50 13 39 43 46H 95 1st s f 5 Ms 1945 3s with stock 1956 Lincoln 42d St Corp— Income 5 Ms w s 1963 F&A / 20 J&D f 58 M Without com stock 6s debenture 1951—. avilla-Bilt Hotel 7Ms'37 60 17 18 Office Bldg 6s, 1941—M&N Loew State Bldg (Los Ang) 6s *42 25 M&N 72 74 82 83 11M 11M 22 M 4 27 6s '47 M&Slft Lombardy (The) 6s 1942 M&N London Terrace Apts 6s '40 M&N Lord Bait Hotel g tn « Ms '45 A&O Lord Nelson Hotel s f 4s '47-M&N Lords Court Bldg 5Ms 1942-J&D General 7s 1941 J&D 23 .... J&D J&D J&D With stock Lincoln Mtge & Title— Guar 5 Ms ctfs of deposit 98M 52 .A&O 1938. 60 48 40 Bldg— Extend 1st 4-6 Ms 1948 36 50 M&S / - Loews / 12 Midland Theatre & Loews Theatre Rlty / / 75 - / / / Majestic Apts 6s 1948— 53 Manhattan Towers— 20 1st 6s 1946 -.—M&S / 8 Marcy (The) 6s 1940—-—F&A 53 Mark Hopkins Inc— 99 1st income 6s Feb 1 1952 98 Marshall-Wells Buildings— 1st 6Ms 1947 F&A 42 Mayflower Hotel( D C) 5s 1950-. 55 Mercantile Arcade Bldg (Los Ang) 1st s f 5 Mb 1953 J&D / Mercantile Properties. Inc— Sees f 5Ms 1946 J&J 54 Merchants Nat Prop 4s 1958(w s) / Metropolitan Chain Properties— 1st conv s f 6s 1948 M&N Metropolitan Corp (Can) 6s 1947 18M Metropolitan Playhouses— Debenture mtge 5s 1945 F&A Munson Bldg (N V"\ 6Ms'39.M&N / Nat Hotel of Onha 6« 1959.M&S / 37 Nat Press Bid 3-5s 1950 (ws) — 34 Adj mtge inc Apr 15 4 Ms 1950- / Natl Tower Bldg 6M> 1944 A&O / Neisner Keaity, Inc— 28 Conv s f rteh 6s 1948 J&Dlfi 27 N * \th»*-H<* flub 6» 1946—A&O / 1st mtge 2-5s 1955 J&D / 5M Y Majestic Corp 4s (w-s) 1! 40~ N Y Postal Service Station— 35 5 Ms 1937 F&A New York Title & Mtge— 12 / 5 Ms series B-I 29" 5 Ms series B-K / / 55 5 Ms series CW-1 / 5 Ms series FI / / 5Ms series Q 26 19th & Walnut St (Phila) 6s 1939- / 39 1900 Rittenhouse Sq (Phila)— 55 / / 40M North Station Indus Bldg (Bosn 45 1st m s f 5s 1962 —/ Oliver Cromwell 6s 1939-. / if* 40 36 65 7 - — 28 4H / 33 20 One Park Av Bldg 6s to '39-M&N 11 14 103 East 57th St Bldg One LaSalle St Bldg 6s 1949 J&J / 37 M 2 M 22 9 1M 29 5H 6s —J&J 1953. 102 :SEs / Income 5s 1945. Real 70 75 21 87 M J&D '45 90 73 5 Ms 75 88 M Est 22 5 Ms N 1942. 10 46 4 95 97 52 M 10 H Certificates of deposit Income 5s W-8 1956 ... 22 55 5s 83 92 65 67 21 3 23 62 65 13 45 15M 48 91 93 20M 99 f 85 88 M&S 1947 23 62 20 5 Income 3s w-s 1951 f 10 East 40th Street Bldg 5s 1953N on-cum Inc 6s 1958 M&S )88 Park Ave Bldg 6a 1939 extile Bldg 1st 6s 1958 Gen 7s • f w w 1948— 1st 3-5s (w s) 1958 21 29 M&N M&N J&D 5Ms 1989 Bid ldg 4s 1941.M&S 22 M 28 vf AN f P 60 62 13 16 35 38M 30 36 5M 6M F" / Orpheum Theatre & Realty— 6s 1946 M / Palace Hotel (San Fr) 5s '45-F&A / 1 \k Last sale. 70 51 51 21 37 8M 49 36 32M Building— yler 48M 39 21 Gen Inc 6s July 1 1953 (w s) n Post Offices 5 Ms '35.F&A15 1st s 50 64 66 7 .... Realty & Impt 6s 1944 Ave Bldg Corp— 1st leashold 6 Ms 1944—J&J 16 / an Swerlngen Co— 1st 6s 1935 F&A 1st & coll s f rta 1938. ..A&O an Sweringen Corp 6s May 1 '35 46 M 9M 40 37 40 VanderbUv 25 46 20 M 80 Is f inc 5 Ms 1948 S 65 93 2 37 27 46 40 '51 F&a / 37 M 43 47 32 32 47 36 19 51 Vartck St Sta P O (N V) n* 1<Hl 3 8M 9M 55 92 22 57 17 43 75 165 Broadway Bldg 6M* General s f 7s 1941— 4 34 49 70 8M 40 M 20 76 Stamped. Unstamped. 90 6s 1941 110 So Penn Ave (Atl City)— w* 86 50 Olympic Ilotel (Seattle)— 18 33 52 _ 28 16M 3-5 Ms deb inc (w s) 1956 Bldg 3 Ms-6s..l947 ixty-one Broadway Building 3 Ms 1950 with stock A&O Income 3-3 Ms stpd 1955 ) Park Place • 38 47 M 12 40 W1954-M&S Non-cum inc 5s 1954 M&S all & Beaver St Corp— 1st 4 Ms w-s Nov 1 1951.._J&J Warner Bros Hollywood Thea— 1st 6 Ms 1941 M&N Washington Properties inc 7s 1952 Westingbouse Bldg 4s 1948.A&0 White Motor Realty 6s 1940 Wood bridge Bldg 5H* "41—A&O 7s 1940 A&O Waldorf Astoria 7s J Nominal. 1959 >"5M 57 / 51 76 Properties— Lawrence Hotel (Erie, Pa.)— 67 M Kdgewater Beach Apts 6s to '43-. 11 Park Place Corp 4s 1948 11 West 42d St 4s 1945-M&N / 80 Broad St Bldg 6Ms 1950-M&S / 80 Broad St Inc 4s Nov 1 1951—1/ fixed Units -- Ohanin Building— 1st Leasehold inc 4s (Chic) 6Ms '45 / LaSalle Wacker 5s 48 30 etail Deb 5s series A 75 42 Income deb 6s ser B 1959-M&S obert Treat Hotel (Newark)— 6s 1943 J&J 55 Keith Memorial Bldg 6s 1943. 48 Bldg(Denv) 3-5s'49.M&S epub . 60 (Boston) 1st 6 Ms 1943---F&A 10 21 70 ealty Assoc Sec Corp— Income 5s 1943 j F&A 5s 1947 60 6s May 1 1941 J* • 1st extended inc 5» 1950—J&D Insurance Exchange Building Bryant Pk Bldg (NY) 6Ms'45J&J y ---102 Budd Realty 6s June 1941.-J&D 102 6s Sept 1941— M&S 53 Bush Term Bldg 1st 5s 1960-A&<» 56 Butler Hall 4-5s 1947 J&J 41 Cambridge Court Apt 6 Ms 19379 Cent Manhattan Props 5s'46M&S / Central Zone Bldg inc 6s. 1941 / 51 90 Century Parkway 6s 1956 92 Chain Store Depot 6s 1940--M&S 12 103 M 72 15" Hotel St George 4s 1950 n 4 69 5Ms stamped 1961 5 Mr unstamped 1961 uincy Station P O (Chicago)— 70 6s 1st fee & leasehold 1942 Herald Square Bldg inc 6s 1948.. / 95 price, May 1962. deb 5s May &S67 102 M 44 37 19M 60 73 / Fiat 32 cum inc 5s Voting tr ctfs for common oil New Engl Theatres 5s. 1958 Gen Income 5s 1983 M&N 26 1st s f 5s 1950 (with stk) -P&A Bait Parcel Post 6Ms 1949---— Baumann (L) 6 Ms *36 (L I) .A&O Fox New Academy of 1st leasehold 6 Ms to Mtge 57 34 Eppley Hotels 1st sf 3-5s 1951 36 M 20 1 33 101M 28 M 11 Baker Hotel (Dallas)— Dorset (The) 6s 1941 ctfs Drake (The) 6s 1939— 6 22 30 22 M&N M&N 25 67 Conv 47 _ Adj non-cum inc 6s 1957-M&S / Assoc Realty Bldg (Los Angeles Income 5s 1948 ——J& / 3d Leasehold inc 1st 36 Hearst Brisbane Prop— Realty— 1st mtge coll 5 Ms 1957—J&J income 6s 1957 A&O Cum 2d 20 ] 55 Feb / 59 M 18 F&A — 25 28 21 31 ....JAP Rp 104S f 3s loan ctfs 1955 1st mtge leasehold sf 3s '64_ J&J East Office* inc)— Greeley Sq Bldg 6s 1951 30 Arrowhead Lake— 1st 7s 1944-1947 Assoc Chain Store < 1st m leaseh 27 96 Bldg (Pittsb) 7s '47—F&A / Graybar Bldg 42 s ] 39M 38 f Certificates of deposit Granada Apt Bldg 6s 1938—M&S / 42 40 36 M 1944 Grant J&J / 3-6s 1948 6s 10 M 00 J* J Gair Realty Corp 5s 1948 J&D George Washington Hotel 6s 1944 / 96 1st M 6 5 **0 sf6Ms 1942 Bid. Bonds. Ask. 1 Fox Theatre & Office Bldg 1st sf 6s 1941 M&h f Fox St Louis Theatre Bldg— Fuller Bldg (GAP Realty Corp) 1st s f 5Mb 1949 unstpd—J&J / 16 14 Bid. Bonds. Ask. 63 the month preceding the date of issue. w 16 13 20 85 43 67 M 101 49 59 Jan., 1938] MONTHLY (Continued from page 18) versal of the prosperous trend in Great Britain. Sir Josiah Stamp, British financial authority and director of the Bank England, took occasion early in December to state that in his opinion the collapse of Wall Street prices had gone to of unwarranted extreme. an He reported to have said: "The Wall Street decline greatly overdone. The recent top prices for equities prevailed early in the year were too high and over¬ capitalized earnings and profits, but the subsequent fall has was has been which too far. A fair investment low level would be about half way between the recent bull market's highs and the present lows. Industrial activity is no doubt declining from gone REVIEW 113 reduce this figure very considerably, but international trade difficulties indicated that it was improbable that the adverse balance would be entirely offset. The of the British authorities to conclude a with the United States was apparent in Dec. 21" Dr. Paul van Zeeland, former Belgian Premier, announced that a plan for world economic cooperations which had been prepared at the request of the British and French governments would be made public eagerness trade agreement December. On before the end of the year. Prime Minister Chamberlain told the House of Commons that the final decision as to whether or not the suggestions made by Dr. Van Zeeland should be adopted must rest with the governments concerned. Two major proposals are involved in the plan: • first, the creation of an international its recent high and prosperous levels, but business pessimism in America has seemingly gone too far." On Dec. 14, Prime Minister Chamberlain in Parliament made reassuring statements to the effect that Great Britain was in a better position to meet any temporary decline in trade than at any time since before the for of definite later date. and that talk exaggeration, but dan¬ war, a coming slump was not only an fund, to maintain stability of foreign exchanges; mechanism releasing frozen international credits; establishment of an program will not slow down for four or five years. It is gathering momentum daily and the Nation is united in its determination to carry out the full program." Comparing current armament expenditures with those made before the war, he said: "In 1913-14 we spent £77,000,000, in 000,000. 1938-39 1924 £113,000,000, and in 1937 £278,shah spend £340,000,000. You will have to multiply the numbers employed in armament work at present by two, three, four, and even five before we shall reach the full capacity which has been planned for the In we full purpose of this program. There is not the for gloom or depression." reason slightest Mr. Harvey D. Gibson, President of the Manufacturers Trust Co. of New York, who returned from Europe toward the end of December, is reported to have said that great interest is shown in England in the present American business situation. The English are not certain as to its cause and trying to convince themselves that the recession is only temporary. He felt that statements attributing prosperity in England mainly to the rearmament program "were over¬ estimated; they have real prosperity." Domestic purchasing power in Great Britain in December reached the highest levels in many years. The Ministry of Labor's index of average wage rates (1924 rates being 100) stood at 102^ for the third quarter of 1937, compared with 98.5 in the same period last year. At no time since the series was started in 1924, it was pointed out, has the index stood at so high a level. The gain in wages, however, did not are indicate a corresponding increase in real wages because of rapid rise in living costs. In December it was shown that retail prices for food and cost of living were at the highest since early in 1930. the An index of British increase in prosperity was the note circulation of which touched an all-time the in the record Bank of England, seen high on Dec. 22 of £509,315,000, compared with note circulation shown in the Bank's statement just prior to the suspension of gold in 1931 of £351,618,000. as As indication of the high level of business activity the Midland Bank statement for November showed deposits at the high record of £501,813,752, an increase over Dec. 31, 1936 of £13,499,450. The average of the Bank's advances in November was £216,989,000, compared with £189,516,500 outstanding on Dec. 31, 1936. Bills discounted by the Bank in November averaged £90,101,624, as compared with £74,414,000 at the end of 1936. an One reason assigned for the firmness of sterling in the early December was the active support given by the United States Treasury in the London silver market. It was part of believed that the Treasury bought approximately 1,000,000 of silver on a single day, Monday, Dec. 6, and while Treasury's policies were not disclosed, it was generally thought that continuous support of the silver ounces the London was accorded thereafter. two-months forward in On Dec. 6 at the time of price of 18 7-16d. per ounce was price fixing in London a spot silver, ,a drop of set for for price a full penny, and of 18 3-16d. delivery, a decline of l%d., the lowest level since May, 1934. The previous low for 1937 was 19 3-16d. on Aug. 28 and the high was 213^d. on April 6. Another sharp break in silver prices occurred a few days before Christmas. The silver market waited anxiously for the publication of the President's proclamation governing United States silver policies for the coming year. British gold imports for 11 months of 1937 totaled £283,810,028, against £278,529,904 in the same period of 1936. Exports for the 11 months were £207,249,644, against £70,781,6^2 in the corresponding period a year earlier. British foreign trade continued to show an unfavorable balance visible account in the last quarter of the year, but it was confidently believed in London that the unfavor¬ able balance could be overcome by invisible items. For 11 months of the year imports showed a rise of 21.1% and exports an increase of 20.5% over 1936. November added another £10,867,000 to the trade deficit, which for 11 months aggregated £387,200,000, an increase of £76,185,000 over the deficit a year earlier. Invisible items were that the international credit; and dispatches at Dec. 20 stated that it on some in¬ expected' was next stage in the Anglo-American trade nego¬ tiations, that is, formal announcement by the United States, of its intention to negotiate, would be reached by the end of the year. Mr. Henry Morgenthau, Secretary of the Treasury, let Treasury is not considering plans to particiatpe in any international clearing house for foreign exchange as proposed by Dr. Van it be known on Dec. 23 that the United States Zeeland. Gold on offer in the London market in December amounted to £9,569,000, compared with £11,636,000 in November, £12,682,000 in October, and with the record offering of £22,424,000 in June. During the month the mearn London check rate on Paris ranged between 147.07-147.30 francs to the pound. The London open market gold price ranged between 139s. 6^d. and 140s. 3^d. an ounce. The American price for gold (Federal Reserve Bank of New York) con¬ tinued at $35 an ounce. London open market money rates were easy throughout the month. As Christmas approached two-months bills were 23-32%, three-months bills and 11-16%, 21-32%. Sterling cable sold on Dec. 1 at $4.98 9-16@$4.99 3-16 and on at $4.99^@$4.99 3-16. The low for sterling four- transfers Dec. 31 and six-months bills cable transfers in December was $4.98 9-16 the high was $5,003^ on Dec. 6. on Dec. 1 and LONDON CHECK RATE ON PARIS AND PRICE OF GOLD IN LONDON Mean Mean London London London London Check Rate Open Market Check Rate Open Market on Dec. 1 Paris Gold Price on Paris Gold Price 147.08 140s. Dec. 17... 147.18 Dec. 139s. 2 147.12 140s. Dec. 147.15 Dec. 139s. 3 147.08 139s. 11 Hd. Dec. 19 Dec. 4 147.09 139s. ll^d. Dec. 20 Dec. 5 Dec. 0 ^d. SUN DAY 18 SUN DAY 147.16 9d. 9Hd. ; 139s. 9}*d. Dec. 21 147.14 139s. 9d. 139s. lid. 147.08 Dec. 22 147.17 139s. 8d. 147.16 139s. 8d. Dec. 7 147.09 139s. 9d. Dec. 23 Dec. 8 147.07 139s. lid. Dec. 24 Dec. 9 147.08 139s. lOd. Dec. 25 Dec. 10 147.09 139s. lOd. Dec. 26 11 147.07 139s. lOd. Dec. 27... Dec. 28 147.16 139s .6 Hd. Dec. 29 147.22 139s. lOd. Dec. 30 147.25 139s. Deo. 31... 147.30 139s.6Hd. 139s.6^d. 139s.6J4d. Dec. Dec. 12 SUN DAY Dec. 13 147.12 Dec. 14 Dec. 15 147.26 Dec. 16 147.28 139s. lid. 147.18 - 9J*d. 9^d. 139s. 139s. 7HCL. HOLI DAY SUN DAY 7d. In commenting on the foreign exchange situation in December, the Federal Reserve Bank of Sew York said in its "Monthly Review" for Jan. 1: "Foreign exchange rates fluctuated during December within an extremely narrow range in quiet trading. The dollar-sterling rate, for example, moved less than \i of 1% on either side of $4.99^, while the dollar equivalent of the London gold price at the time of fixing gradually declined from $34.95 to $34.87, but remained well above the point where shipments of gold from England to the United States become profitable. "The French franc middle of the month came as a under some pressure result of uneasiness after the over Parlia¬ mentary discussions of the 1938 budget and a recurrence of strikes, but this pressure was reflected virtually not at all in the rates for spot francs. The French currency appre¬ ciated fractionally in the New York market over the month in consonance with the limited movement of the pound sterling, but declined in London from 147.09 francs per pound to 147.29. In the forward market pressure was more manifest, the rate on one-month and three-month franc contracts widening from \\i and 51/% points discount, respec¬ tively, at the opening of the month to 23^ and 93^ points at the year end. Other Continental currencies fluctuated only fractionally with the exception of the belga, which, after remaining strong for the first half of the month, eased slightly when the Belgian loan floated in London went to a discount and when it intended to became known that the redeem on expected to stimulate to world conference to be summoned a London gerous. Sir Thomas Inskip, Defense Coordinator, in addressing the National Union of Manufacturers early in December, said: "The rearmament economic center second, 1938, after repaying "Canadian two a French Belgian Government franc loans in January, Dutch credit in December. exchange went from the end of November to a a premium of 3-64% at discount of 7-64% a month later, in accordance with the usual seasonal tendency occasioned by jrear-end dividend and interest payments and by the closing of the lake ports to shipping. "Foreign exchange control was reported to have been decreed by Brazil on Dec. 23 and put in force on Dec. 27, MONTHLY 114 of all dealings in foreign with the Bank of Brazil in control exchange. A 3% tax was levied against Brazilian purchases of foreign exchange for the purpose of creating an equaliza¬ tion fund. Foreign exchange transactions in Rio de Janeiro were suspended on Dec. 27, despite the fact that the Bank quoted temporary rates for the dollar, while in New quotations for the milreis were nominal at $0.0525 compared with a $0.0550 at the end of November."" Changes in the gold holdings of the. Bank of England during December were as follows: for the week ended Dec. 8 a decrease of £118,288; for the week ended Dec. 15 a decrease of £15,624; for the week ended Dec. 22 a decrease of £259,639; and for the week ended Dec. 29 a decrease of £70,232. of Brazil York Gold holdings on Dec. 29 stood at £327,233,343, as com¬ pared with £150,000,000 minimum recommended by the Cunliffe committee and with £136,880,252 in the Bank's statement just prior to the suspension of gold The Bank's note circulation was at 1931. on Sept. 21, record high on xDee. 22 at £509,315,000, as compared with £474,115,561 a earlier and with £351,618,000 in the Bank's statement just prior to the suspension of gold in 1931 Details of the gold movement to and from the Port of New York during December were outlined as follows in the "Monthly Review" of the Federal Reserve Bank of New year York for Jan. 1: "The reported gold stock of the United States showed a reduction, of $14,000,000 during December, following a decline of $29,000,000 in November. The decline in the gold stock during December was accompanied by a further de¬ crease of about $15,000,000 in the inactive gold account of the Treasury, which coincided with exports of $15,000,000 of gold to France. "Gold imports into the United States totaling $23,500,000 and the release of $9,200,000 of gold from earmarked hold¬ ings for foreign account were not reflected in increases in the reported gold stock figures, inasmuch as they were offset by losses in other transactions. Such imports included $18,700,000 from Japan, $2,400,000 from Australia, $1,900,000 from Canada, $300,000 from Ecuador, $100,000 from Bolivia, and $100,000 from India, most of which was received on the Pacific Coast. "For the year 1937, the reported gold sfock of the United of $1,502,000,000, compared with a gain of $1,133,000,000 in 1936. In 1935, there was an increase of $1,887,000,000 and in 1934 a rise of about $1,396,000,000, exclusive of the revaluation profit." Canadian exchange ; was firm throughout December. Montreal funds ranged between a discount of 11-64% and a premium of 3-32%. States was increased by a net amount as CONTINENTAL AND The French franc inclined to firmness as had been the well into December there was case throughout October From about the middle of October until and November. which OTHER FOREIGN EXCHANGE during the first half of December was was an influx of capital into Paris steady though not large, with the result that the position of the exchange control was progressively strenghened through additions to its stocks of sterling and dollars. The Paris siderable authorities Between Nov. 8 in were thus enabled to earmark con¬ gold in London and * New# York. and Dec. 23 Paris withdrew fully $40,250,000 quantities of gold from New York. strength in the franc reflected weakness in the dollar The rather than any essential change in the underlying financial situation in Paris. Toward the end of December renewed reflected delivery. discount and 90-day francs were around pressure developed against the franc, which was not in the spot rate, but in the quotations for future On Dec. 23, 30-day francs were at nearly 3 points under the basic cable rate 934 points discount. " The renewed pressure and consequent hesitancy of French capital seemed to have been caused by debates in the Chamber of Deputies. One element of the Popular Front urged the imposition of exchange control, but the sug¬ gestion was emphatically rejected. On Dec. 2 the Government announced an internal 5% three-, six-, and nine-year bond issue. Including redemption premiums the issue was estimated to yield around 6%%. The high yield was regarded in financial circles as indicative of the impaired condition of the State's credit. No limit was placed on the size of the loan, but Government auth¬ orities expressed the hope that 5,000,000,000 francs would be subscribed. Before the Christmas holidays approximately 4,000,000,000 francs had been subscribed, chiefly from the country districts. ' In the debates which took place on Dec. 18 in the Chamber of Deputies the Finance Minister's statement of the Treasury requirements for 1938 was seriously questioned. M. Bonnet maintained that the loan requirements would not exceed 20,000,000,000 francs. M. Paul Reynaud, former Finance Minister, challenged the estimates, asserting that the Government would need fully 46,000,000,000 francs, which the Treasury would have to obtain in the form of loans of some description. M. Bonnet stated that fully 10,000,000,000 francs had been repatriated since late in October, chiefly from the United States. If his assertion was statistically correct, the presence of such repatriation was not reflected in French REVIEW deposits, which remained stationary, or in the action Bourse, which had been stagnant for months, and competent observers of the industrial situation in France stated that there were no signs that the repatriated funds had been absorbed by working capital requirements. On Dec. 21 French Popular Front Cabinet voted relaxation of the Government-enforced 40-hour week, the keystone bank of the of the original former of economic reform sponsored by Blum. This action was taken in program Leon Premier, special Commission time earlier to formulate a program to promote industrial production. The work-week decree, which was to take effect on Jan. 1, was immediately followed by sit-down strikes, especially in the three nationalized armament factories. Labpr unions generally expressed accordance with recommendations of the appointed some dissatisfaction with the decree. On Dec. 23 the Right Honorable David J. Colville, Treasury, announced in Financial Secretary of the British the House of Commons that the final instalment of the British sterling repaid on credit of £40,000,000 to France had been that date. The Bank of France statement for the week ended Dec. 23 showed total gold stocks of 58,932,539,242 francs, an only 517,065 francs since Nov. 12. This would that the recent gold acquisitions by the French authorities belonged to the French stabilization fund, which keeps separate accounts from those of the Bank of France. The imported gold ws^ therefore merely deposited in the increase of indicate vaults of the Bank of will enter the Bank's France for account of the fund and only when bought by the too much gold and not enough francs for its operations. French francs sold at 3.39@3.39% on Dec. 1 and at 3.39% @3.3934 on Dec. 31. Belgas were relatively steady throughout December, the spot rate ruling generally well above dollar parity of 16.95. Ever since the French franc was cut from gold on June 30 agitation increased in Belgium for the abandonment of the belga as the Nation's currency unit. It appears probable that the Belgian Government will soon abandon the use of the belga and return to the Belgian franc, which is the currency employed in internal business. Use of the belga has been restricted to foreign trade transactions. The Belgian franc of 100 centimes was stabilized under royal decree of Oct. 25,1926 as the monetary unit of Belgium. The franc represents 46.491 milligrams of gold, 0.900 fine (41.842 milligranas of fine gold), the par value of which is $0.02784 in United States currency prior to the devaluation of the dollar. Since the end of June the Belgian franc re¬ presented from day to day approximately the same value as the French floating franc. The law of Oct. 25, 1926 also created the belga as the equivalent of five Belgian francs. Under the old dollar valuation the newly created belga was worth 13.90 cents. The quoting and use of the belga seems never to have given entire satisfaction in Belgium. In debates on the matter in the Belgian Parliament early in December, the Finance Minister stated that difficulties Bank if and when the reserves fund has did in fact result from the existence of two monetary units appeared desirable to cease using the denomination of belga. However, the principal object of quoting belgas, he asserted, was to distinguish the Belgian franc from the French franc. It is considered preferable at the moment, he said, to defer a solution of the question. Belga cable transfers sold on Dec. 1 at 16.98%@16.9934* an(l on ^ec31 at 16.95%@16.96%. The Polish zloty is one of the more inactive currencies in the New York market. During December the unit ruled fairly steady around 18.98 (par 18.99). The Bank of Poland reduced its rate of rediscount on Dec. 17 to 434% from 5%, the rate which had prevailed since Oct. 25, 1933. German marks presented no new features of importance in December, the various mark quotations being held under strict control by the Reichsbank. Mr. Harvey D. Gibson, and that it President of the Manufacturers Trust Co. of New York, who returned late in December from the London conference on German the standstill agreement, stated that he was on short-term German debts. He reported that Germany's foreign trade had greatly increased in the past year. The Reichsbank statement for the first quarterAof December showed an increase in gold holdings of f)7,000 marks, for the second quarter an increase of 42,000 marks, for the third quarter an well pleased with the increase of 41,000 new standstill agreement marks and for the fourth quarter an increase of 33,000. The Bank's gold holdings on Dec. 31 stood at 70,639,000 marks and its ratio at 1.40%, com¬ pared with 66,452,000 marks a year earlier and with 1.44%. On Dec. 31, 1932 the Reichsbank held 806,785,000 marks of gold and its ratio stood at 25.8%. The so-called free or gold mark was quoted at 40.3034 @ 40.3134 on Dec. 1, and at 40.26% @40.2734 on Dec. 31. Italian lire as during many months previous were held steady throughout December by the rigid control at Rome. Cable transfers on Rome sold at 5.2634 @5.2634 on Dec.1 and at 5.2634@5.26% on Dec. 31. Exchange on the countries neutral during the war was inclined to firmness in December, the Scandinavian units moving in close sympathy with sterling. Dutch guilders and Swiss francs were firmer than all other major units, with futures in both currencies quoted either flat or at a slight premium over the basic cable rate for spot. a ratio of JAN., 1938] MONTHLY Dutch imports in the first 11 months of the year totaled 1,423,000,000 guilders, against 902,000,000 guilders a year earlier. Export figures for Nov. 30 were 1,050,000,000 guilders, against 666,000,000 guilders in the corresponding period of 1936. According to informed foreign exchange observers here and in Europe, the Swiss National Bank seems to have acquired considerable amounts of sterling, dollars, and other foreign currencies in the last quarter of the year, which were held under earmark with the foreign central banks. The Swiss are averse to the inflow of this REVIEW fall in world prices of their export commodities. On Dec. 20 a Treasury decision under Treasury would thereafter use a floating rate for the Brazilian mjlreis in valuing imports from that country for tariff purposes. The rates then fixed covered the period Secretary Morgenthau issued which CO CO. to to to to tOlObJWWIOMHHHHHHMHM o CO 00 -s| 05 Cnrf^COtO^OcOOO^OaOii^COfcOHAOCOOO-slOi cn I* CO tOM « National Bank to the individual banks with copies of the pointed out that to a great extent these funds sought protection from exchange risks rather than permanent investment in Switzerland and would be withdrawn at the earliest opportunity. I I II I I I I I I I I II I I I I I I II I I I I I I I I I I III I I I I I I I I I I I I I I I II I I I I I I I I I I I I I I I I till I I I I I I I I III I III I II III I I I 111*1 11 I I I I classify ^deposits that deposits; francs 13206750 by foreigners under special a interest payments will be allowed no demand well as that as new banks will on heading; foreign any maturing time deposits in Swiss deposits will be treated as demand fixed for nine months at least; that time deposits unless they are they will accept no further foreign demand deposits, but only time deposits subject to at least three months' notice of withdrawal; and that the banks undertake to inform foreign depositors that their deposits to the extent to which they exceed the balances on Sept. 30, 1936 may be with¬ drawn only after at least three months' notice. cable transfers sold on Dec. 1 at Guilder at ^@55.55}^, and on @55.66}^. Swiss cable transfers sold on Dec. 23.09H@23.11^, and on Dec. 31 at 23.12@23.12}^. Cable transfers on Sweden were 25.70@25.72 on 25.75^@25.763^ on Dec. 31. Exchange on the South American countries was Dec. and I I I I I I I • I I I I II I S I I I I I I I I I I lk lk lk lk to to to to CO CO 00 00 n S S ft lk lk lk lk Cn lk £ S o o " o ik Cn ik ik Cn or ft bbb o ££ ft ft ft ft lk lk lk lk lk lk lk lk lk COO CO co co co co to to co COOCO 4*» 4* 4* 4* 4* co to co co lk lk lk lk lk lk ik cn ik ik ik ik ik ik ik ik CO O CO CO CO CO CO O CO CO CO CD s $ S CKK E ft ft n Ik Ik Cn lk lk ft ft ft iU ft ft ik ik ik co co O co co co coOco co a> E ft n ft ft E ik ik ik ik Cn ik E a. h o> ft ft S o lk lk Ik lk ft » ft ft ft ik cn ik ik cn cn co co co co o co CO CO CO COOCO = « ^5555 SSSSsS lk lk lk lk lk tocoioco® co co co co co lk lk lk lk lk lk iklklklklkCn bbbbbb cococobbo co cd co co to co co to cococococoo 0 w lk lk lk lk 'co 'co b b b to co co co to lk lk lk lk lk « I lk lk lk lk lk lk CO. CO CO CO CO CO CO CO CO co ft I CO CO cO CO CO cO CO cO CO co cO CO K.rsK.rs a a E a ik ik ik ik ik CO CO CO CO CO CO CO CO CO CO I till! 4*. 4k 4*. 4k 4k a a a a (j 4* 4* 4- ^ 4* I 1(11 CO cO CO CO CO CO CO CO CO CO b co eococooo o <o m;; Si?**! ,rXa££& j?*** 2 lk lk lk lk o t* lk lk lk Ik lk tk- lk lk lk Ik lk lk lk lk lk lk lk lk lk lk lC* lk 00000000 XXKfs'Sg*.?*.? ft ft. ft o H lk lk lk lk lk U S ft ■J ft S Q lk Ik lk lk b b 'co b oo oo oo oo »00Kj^00i 2 0 w -3^ sgft sSittSSs'SKSKXgf £ o 2 ftftEftnJaRftfiftfiuflfiRa jkOjk lk lk lk lk lk lk lk lk lk lk lk lk lk lk lk b^b bbbbb^bbbbbb^bbbb OOKJOO w w OOOOOOOOOOH^OOCOOOOOCOCOKj -XX o 00 00 00-4 Pi Ks\rKKs" * ifk. 4k 4- tf. ik lk lk lk lk lk lk lk lk lk lk lk lk lk lk lk lk lk b b b b b § CO CO CO CO CO CO 00 00 00 00 00-4 oo oo oo oo oo SsKXs s n ft a ft 4^ 4. ik ik ik a a ft ft a ft Ik lk lk lk lk «© £a&a"X£ \U Hi a «MKa ft a a a ft a lk lk lk lk lk lk n a a a n a lk lk lk lk lk lk 0 72 a n a a lk lk lk lk 73 bbbb •J £» --I «\u\M O* 0> OJ ^ CO Cft to H H -4 —J -4 -4 °* ^^ 's &a .JttRsKK. a a Pi F 4k. >fk. ik lk lk lk lk lk lk lk Ik lk lk lk lk b b b b b bbbbb jo toio b b b _lk lk lk _lk lk lk bbbbbb ODOOOOOOOO oo oo oo oo oo oooooooooooo oo co oo 00 00 CO xxsx* I*-8.?* lk lk lk lk lk lk lk lk lk lk iklklklklklk lk lk lk lk lk lk CO CO CO CO CO COCOCOCOCOCO COCOCDCOCOCO CO CD CO CO CO 00 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO oooooooo XXXXSCX s iklklklk CO CO CO CO CO ££££ 1 inclined to weakness in most centers as a result of the continued increases in imports for consumption and the recent sharp * £**£ s y |k lk lk lk os bbbb °*§ 00 00 00-4 sxxx f|?XX £a"=K*C o tool ®i! Oo DAILY RATES OF EXCHANGE ON •». S ® a CONTINENTAL CITIES Paris Swiss Francs Holland Francs Belgium Italian Guilders Greek Belga Lira Drachma Banters' Banters' Banters' Dec. Checks Cables 1... 3.38Ha3.39h« 2— 3.39Ha3.39H 3... 3.39Ha3.39sn 4— 3.39Ha3.39H 5... 7— 12... 13— 3.39 a3.39^ 3.39Ka3.39>i 3.39>ia3.397ie 3.39%a3.39M SUN DAY 6__. 3.39Ha3.40H 3.39Ha3.40H 8— 3.39^a3.39^ 9— 3.39^a3.39% 10- 3.39Ma3.40^ 11—. 3.39^a3.39^ 3.39Ha3.40Su 3.39^a3.40^ 3.39^a3.39^ 3.39%a3.397/i 3.397Aa3.40X 3.39^a3.40 SUN DAY w¬ 3.39Ma3.39^ 3.39Ha3.39i^ 3.39«a3.39?i 3.39^a3.39H 3.39Jia3.39Mi is— 3.39Ha3.393^ 3.39iia3.39"io 19—. SUN DAY 20— 3.39Ma3.39M 3.39Xa3.397A 3.39^a3.39% 3.39lli«a3.3978 3.39^a3.39H 3.39ija3.39Hi« 14— 15... le¬ 21... 22... 23— 24... 3.39»i«a3.39M 3.39%a3.395^ 3.39^a3.39H 3.39si«a3.39H 3.39i»a3.39Hn 3.39^a3.39^ 3.39*Aa3.39H 3.39^a3.39M 3.39Aa3.39H 25... HOLI DAY 26... SUN DAY 27... 3.39tfa3.39M 3.39H«.39"i6 28— 3.39Jia3.3934 3.39Xa3.39H 29— 3.38%a3.39^ 3.39hea3.39H 30... 31— 3.38%a3.39>i 3.39 a3.39^ 3.38%a3 39^ 3.39\ia3.39H Checks 09 Cables Checks 23.09)^7.11M 55.51 755.55 55.51Ha55H .10 a23.12 23.10^7.12)^ 55.53H755.56 55.54 a55.57 10 a23.12 23.10)^7.12^ 55.54755.55H 55.54Ha55.56 lO^a.ll^ 23.11 723.12 55.55Ha55.57 55.56755.57H SUN DAY .12 SUN DAY SUN DAY .12^7.13^ ,12Aa.l3A ,12Aa.l3A .12H7.13M 12a23.12H .12723.12^ .12723.13 23.12Ha.13H 55.58Ha55.60 12Aa.l3A 23.13723.14 ,13 723.14 23.13Ha.14H 12Xa.l3X 23.13723.13H ,12a23.12A 23.12Ha23.13 HOLI DAY 55.59755.60 55.59755.60 5—. 22.26a22.29 22.28a22.31 SUN DAY 755.61 16.99al6.99H 16.99Ha.99H 16.99 55.59Ha.60H 16.99H 55.59 HOLI DAY Sweden Checks 25.70a25.72 SUN DAY 25.76Ha.78H 25.75Ha25.77 DAY 22.30Ha22.32 22.31a22.33 22.30Ha22.32 22.31a22.33 22.30Ha.31H 22.31a22.32 25.75Ha.76H 25.75Ha.76H 25.76a25.77 25.75Ha.76H 25.76a25.77 25.75Ha25.76 25.76a25.76H 17— 22.30a22.31H 22.30Ha22.32 25.75a25.76 25.75Ha.76H 18— 22.30Ha22.32 22.31a22.32H 25.75a25.76H 25.75Ha25.77 SUN 22.30Ha.31H 21.... 22.30Ha.31H 22.... 22.31a22.31H 23— 22.31 22.31H 24.... 22.30a22.31 SUN DAY 22.31a22.32 25.75Ha.76H 25.76a25.77 22.31a22.32 25.76a25.76H 25.76H 25 77 22.31H 22.32 25.75H 25.77 25.76a25.76H 22.31Ha22.32 25.76a25.77 25.76Ha.77H 22.30Ha.31H 25.75Ha.76H 25.76a25.77 05a25.07 25.05Ha.07H 25.07Ha25.11 07Ha25.09 25.08a25.09H 07a25.10 07Ha.08H 25.08a25.09 SUN DAY 10Ha25.14 25.11a25.14H 25.12 25.10Ha25.12 25.10a25.llH ,llHa25.13 25.12a25.13H ,10Ha25.12 25.lla25.13 SUN DAY 10a25.11H 25.10Ha25.12 ,10Ha25.12 25.11a25.13 ,10Ha25.12 25.11a25.13 lOHa.HH 25.11a25.12 ,10a25.11 H 25.10Ha25.l2 ,10Ha25.12 25.11a25.12H SUN DAY 75.26 H 5.26Ha5.26H 5.26Ha5.26H HOLI DAY 5.26 16.96Hal6.97 5.26 16.96al6.97 SUN DAY 75.26H a5.26H a5.26H 75.26H a5.26H 16.96Ha.97H 5.26 5.26 16.95Ha.96H HOLI DAY SUN DAY 5.26 ' Cables Checks 4.26Ha5.26H .91 Ha.91H .91 Ha.92 5.26Ha5.26H .91Ha.91H .91 Ha.92 5.26H75.26H .91H7.91H ,91Ha.92 5.26Ha5.26H ,91Ha.91H .91 Ha.92 5.26H75.26H .91Ha.91H .91 Ha.92 .27Ha.28H 40.28a40.29 18.88Hal8.91 18.89al8.92 , SUN DAY SUN DAY ,27a40.32 40.27Ha.32H 18.89al8.91 18.89Hal8.92 ,31Ha40.33 40.32a40.34 18.90al8.91 18.90Hal8.92 ,30Ha40.32 40.31a40.32H 18.89al8.91 18.89Hal8.92 ,29a40.31 40.29Ha40.32 18.89Hal8.91 18.90al8.92 40.31 Ha40.33 18.90al8.92 18.90Hal8.93 ,30Ha40.32 40.31a40.33 18.89al8.92 18.89Hal8.93 SUN DAY SUN DAY ,31a40.32 40.31 Ha40.33 18.89al8.92 18.89Hal8.93 .31 Ha40.34 40.32 40.34H 18.89Hal8.91 18.90al8.92 ,31a40.32 ,31a40.33 40.31Ha.33H 18.89al8.92 18.89Hal8.93 ,31Ha.32H 40.32a40.33 18.89al8.91 18.89Hal8.92 ,29a40.32 40.29Ha40.33 18.89al8.92 18.89Hal8.93 ,29a40.30 40.29Ha40.31 18.89Hal8.92 18.89al8.93 SUN DAY SUN DAY 40.29Ha40.31 18.89al8.91 40.29 Ha40.31 18.89al8.91 SUN DAY 25.76a25.77 lOHa.llH 25.11a25.12 25.75Ha25.77 10Ha25.12 25.11a25.12H 25.76a25.77H lla25.12 25.76a25.77 lOHa.llH 25.11a25.12 lOHa.llH 25.11a25.12 25.llHa.12H Cables 6.32 6.36 6.36 6.32 SUN DAY 6.33 no 6.18 quo¬ tations 6.18 .6.15 6.16 6.12 . ,29a40.30 lOHa.llH 25.11a25.12 Checks , ,29a40.30 11725.12 Cables 40.30 Ha.31H 18.89Hal8.91 17.90al8.92 ,30Ha.31H 40.31a40.32 18.89al8.90 18.89Hal8.91 ,27a40.31 40.27Ha40.32 18.88Hal8.91 18.89al8.92 ,29a40.30 25.llHa.12H 25.llHa.l2H Spanish ,30a40.31 10Ha25.12 25.lla25.12H 10H .HH 25.11a25.12 HOLI DAY 25.76a25.77 Checks 11725.12 SUN DAY SUN DAY Peseta HOLI DAY 25.75Ha.76H 22.30Ha22.32 25.75a25.76H 22.31a22.32 25.75Ha25.77 22.31a22.32 25.75Ha.76H 22.30Ha.31H 22.31a22.32 25.75Ha.76H .91Ha.91H .91Ha.92 .91Ha.91H .91 Ha.92 .91Ha.91H .91Ha.92 ,91Ha.91H .91Ha.92 .91Ha.91H .91 Ha.92 .91Ha.91H .91 Ha.92 'Bankers' SUN day 22.31a22.32 5.26 75.26H 5.26Ha5.26H Bankers' Cables HOLI day 22.30Ha.31H 28—. 22.30a22.31H 29— 22.30Ha.31H 22.30Ha.31H — day; 75.26 H 75.26H 75.26H Bankers' Checks 09Ha25.11 19— 75.26 H 5.26 Austria 25.74a25.76 20— 5.26 SUN DAY 5.25Ma5.26H 5.25Ha5.26H Schilling 9 16— SUN DAY 5.26 a5.26H .91Ha.91H .91Ha.92 5.26Ha5.26H .91H7.91H .91Ha.92 5.26Ha5.26H .91H7.91H .91Ha.92 5.26Ha5.26H .91Ha.91H .91Ha.92 5.26 75.26H .91Ha.91H .91Ha.92 Berlin 25.11 H 10a25.11 15— SUN DAY Reichsmarks 25.75Ha.79H 25.76H 25.74Ha.75H 22.30Ha22.32 25.75a25.76 .91Ha.92 .91Ha.92 .91H7.92 .91H7.92 75.26H 5.26Ha5.26H .91 H7.91H .91Ha.92 75.26 H 5.26Ha5.26H .91Ha.91H .91Ha.92 75.26 H 5.26Ha5.26H .91H7.91H .91Ha.92 75.26 H 5.26Ha5.26H .91Ha.91H .91Ha.92 75.26H 5.26Ha5.26H .91Ha.91H .91 Ha.92 75.26H 5.26H75.26H .91Ha.91H .91Ha.92 SUN DAY HOLI DAY Bankers' Cables 25.72 Ha25.74 22.29Ha22.31 22.30a22.31H 25.73Ha25.75 22.31Ha22.33 22.32a22.33H 25.76a25.78 22.30Ha22.32 22.31a22.33 25.75a25.76 12..:. SUN day SUN .91H7.91H .91Ha.91H .91H7.91H .91Ha.91H Krone 22.28Ha22.29 25.72Ha.73H 25.73a25.74 14— 5.26H75.26H 5.26Ha5.26H 5.26Ha5.26H 75.26 H 5.26H75.26H Norway 6— 22.30H 22.33 22.31a22.34 25.75a25.79 7—_. 22.31a22.31H 22.31Ha22.32 25.76 8—. 22.30722.31 22.30Ha22.32 25.74a25.75 - 5.26 5.26 55.59Ha.60H 5.26 16.98H 55.59Ha55.61 16.96Ha.96H 16.96Ha.97H 5.26 55.59Ha55.61 16.96al6.96H 16.96Hal6.97 5.26 55.59755.60 16.96al6.96H 23.llHa.12H 55.62a55.63H 55.62Ha.64H 16.96al6.96H HAa.l2A 23.12a23.13 55.63755.64 55.63Ha.64H 16.95Ha.96H 11)^723.12 23.12a23.12H 55.63Ha.65H 55.64a55.66H 16.95Hal6.96 22.28a22.29 H 25.72a25.73 22.30a22.31 5.26 SUN DAY 11723.12 25.70Ha25.73 25.72 Ha.76H 13— 5.26 16.99Ha.00H 5.26 SUN DAY SUN DAY SUN DAY 12723.13 23.12Ha.13H 55.59755.60 55.59Ha55.61 16.96al6.96H 16.96Ha.97H llAa.UA 23.12723.13 55.60 H755.62 55.61a55.63 25.72a25.76 SUN day 75.26 H Bankers' Checks Cables SUN DAY 5.26 16.98 55.59755.60 Krona 22.25Ha22.28 22.27Ha22.30 3— 22.27Ha22.29 4„ 22.28722.28H 16.99Hal7.01 17.00al7.00H 16.99Hal7.00 16.99Hal7.00 17.00al7.00H Cables 75.26 H 75.26 H 55.62Ha.64H 16.99Hal7.00 16.99Ha.00H 5.25Ha5.26H 55.62Ha55.64 16.99Ha.00H 17.00al7.00H 5.26 75.26 H 55.62755.63H 55.62Ha55.64 16.99al6.99H 16.99Hal7.00 5.26 75.26 H 23.13723.14 55.61 Ha.62H 55.62 755.63 16.99al6.99H 16.99Hal7.00 5.26 a5.26H 23.12H723.13 55.60755.61 55.60 H755.62 16.98Hal6.99 16.99al6.99H 5.25H75.26 23.12H723.13 55.59755.60 55.59Ha55.61 16.99al6.99H 16.99Ha.99H 5.25Ma5.26H SUN DAY SUN DAY Banters' 1—. 16.99Ha.99H 5.26 16.99Hal7.00 5.26 55.62755.63 Bankers' 2—. 16.98Ha.99H 5.26 16.99Hal7.01 5.26 55.62755.64 23.13723.14 23.13723.14 Checks SUN DAY SUN DAY 23.13723.14 Bankers' Cables 16.98Hal6.99 16.99al7.00H 16.99al6.99H 16.99al6.99H a23.16 23.12H7.16H Krone Cables Checks 55.6l755.71H 55.61Ha.72H 16.99Ha.00H .14^723.16 23.15723.16H 55.64755.73 55.64Ha.73H 16.99Hal7.00 .12)^723.14 23.13723.15 55.60755.63H 55.60Ha.64H 16.99al6.99H .12723.13 23.12H7.13H 55.60755.61 55.60Ha55.62 16.99al6.99H ,12Aa.l3A 23.13 723.14 55.61755.64 55.61 Ha55.65 16.99Hal7.00 ,12Xa.l3A 23.13723.14 55.62755.64 55.62H7.64H 16.99al6.99H Denmark Checks Bankers' Cables a23.11 Dec. 31 I I 55.51 Dec. 31 at 55.64 1 I 4k 4* 4* ^ jjk 4*. 4k agreement agreement provided that the individual I CO CO CO CO CD CO CO CO CO CO In Federal courage foreign deposits in Switzerland and to curtail the hoarding of Swiss bank notes by foreigners. Referring to the large inflow of funds to the Swiss banks after devaluation of the Swiss franc in 1936, the communication sent by the the I foreign funds. connection the Board of Governors of the Reserve System published on Dec. 12 a translation of the "gentlemen's agreement" between the Swiss National Bank and the Swiss banks under which it was planned to dis¬ The 115 18.89Hal8.92 18.89Hal8.92 40.29Ha.30H 18.89al8.91 18.89Hal8.92 ,29a40.30 40.29 Ha.30 H 18.88Hal8.91 18.89 18.92 ,29a40.30H 40.29Ha40.31 18.88Hal8.91 18.89al8.92 SUN DAY 6.13 6.08 6.07 6.09 6.12 6.06 SUN DAY 6.25 6.22 6.21 6.13 6.16 HOLI DAY HOLI DAY SUN DAY HOLI DAY SUN DAY SUN DAY 28Ha40.30 40.29a40.31 28Ha40.30 40.29a40.31 18.88Hal8.91 18.89al8.92 18.88 al8.90 18.88Hal8.91 28a40.28H 40.28Ha40.29 18.88 al8.91 18.88Hal8.92 26Ha40.28 40.27a40.28H 18.88 al8.90 18.88Hal8.91 26a40.27 40.26Ha.27H 18.88Hal8.90 18.89 718.91 6.16 6.14 6.16 6.13 6.21 from Nov. 18 to Dec. 16 and were shown The amounted to was held held in hidden Bank of Japan together with hidden \eserves, about $500,000,000. About $260,000;000 of this the same rates as had been the daily statements of the Federal Reserve Board. valuations are based on the open market quotations on new by the Bank of Japan and the remainder was of the Government. Japan lost approximately one-third of its total gold resources since the gold movement resources The official quotations for milreis instead of the official rates. for REVIEW MONTHLY 116 on Buenos Aires ranged between 33.25 and during'December. The free market range, was The unofficial or free market for exchange 33.34 began in March. Up to Dec. 18 the total exports of gold from Japan were approximately $245,300,000. The ship¬ between 29.32 and 29.50. ments were ranged between 5.20 and 5.75. on the Far Eastern countries presented no new features of importance during December. The Japanese yen was supported by continued shipments of gold to the United States for conversion into dollars. It is understood that much milreis caused The 12335460981 Checks hisa^ premium 2—. hta* 32% 3 1#<as64% premium premium 4___. Iwa« 128% 1—, premium Roumania Lei Checks Checks 3.51%a3.51% 3.51%a3.51% 3.51%a3.51% 3.51%a3.51% .73 a.75 .73 a.75 •73%a.75 .73 a.75 7 3.51%a3.51% 3.51%a3.51% Par a lu% premium 3.51%a3.51% Para i#4% premium 3.51%a3.51% Para lm% premium 3.51%a3.51% a3.51% lu% disct.a1u8% prem 3.51 premium premium 1uas64% hiahi% 8 9 10—. 11—. 29.06@29.10 Bul¬ (Serbia) Yugoslavia garia Finland Argentina Brazil Hungary Dinar Lev Markka Peso Milreis Pengo Checks Checks Cables .73 a.75 .73 34a.75 .73%a.75 2.3134a2.35 18.95al8.98 19.83al9.95 2.31%a2.35 18.93al8.98 19.85al9.95 3.51%a3.51% .73 a.75 18.94al8.98 19.85al9.95 2.31%a2.36 15—. .7334a.75 .7334a.75 16—. ama1si% «#4% discount 21.... Haht% discount "ma382% discount 22.... lsugas82% discount 23—. %a18i28% discount 24.... *84 a%% discount 18.94al8.98 19.84al9.93 2.31% a2.36 a2.36 2.3134a2.36 18.94al8.98 19.83al9.95 2.3134 a2.36 3.51%a3.51% 3.51%a3.51% .7334a.75 18.94al8.98 19.84al9.93 2.3134 .74 a.75 18.94al8.98 19.84al9.95 3.51%a3.51% .73 a.75 3.51%a3.5134 3.51%a3.51% 3.51%q3.51% 3.51%a3.51% 3.51%a3.51% .73%a.75 .73%a.75 .73%a.75 .74 a.75 .74 .75 18.94al8.98 19.84al9.95 2.32%a2.36 a2.36 18.94al8.98 19.84al9.95 2.32 a2.36 18.94al8.98 19.85al9.95 2.3134 a2.36 33.31 33.32 5.40a5.50 33.32 33.33 5.40a5.55 a2.21% a2.21% 33.32 33.33 5.40a5.50 33.31 33 32 5.47a5.60 2.20%a2.2l% 2.20%a2.21% 33.31 33.32 5.40a5.55 33.31 33.32 5.45a5.55 2.20%a2.21% 2.20%a2.21% 33.32 33.33 5.45a5.55 33.32 33.33 2.20%a2.21 33.27 33.27%a.28 33.27a33.28 33.28a33.29 5.50a5.70 a2.21% 33.31a33.34 33.32a33.35 33.31a33.34 33.32a33.35 33.32 33.31 5.59a5.70 5.58a5.70 2.20%a2.21% 2.20%a2.21% 2.20%a2.21% 2.21 33.31a33.32 33.32a33.33 33.33 a2.21% 33.34 2.2l%a2.21% 33.32a33.33 33.33a33.34 5.54a5.65 5.53a5.62 NO 5.54a5.60 QUOTA¬ 5.45a5.55 TIONS 5.40a5.50 2.21 2.21 2.21 5.45a5.55 5.40a5.50 33.31a33.32 33.32a33.33 a2.21% 33.32 33.33 5.40a5.50 33.32 2.20%a2.21% 2.20%a2.2l% 33.33 5.40O5.50 HOLIDAY SUNDAY 26—. discount u84a5s2% 28—. ®#4a%% discount 29—. 1#i28a8s2% discount .74 a.75 18.95al8.98 19.84al9.95 2.32 .74 a.75 3.51 .74%a.75 18.94al8.98 19.84al9.95 2.3134a2.36 .74%a.75 7«4a'i28% discount 3.51 31 764a832% discount 3.51 a3.51% Bolivi¬ .73 34a.75 dor Uruguay Peso Sucre Peso Checks Checks zuela Bolivar Checks Checks 1 3.50 53.48a54.25 9.50 79.17a79.45 30.00 2 3.50 52.63 9.50 79.17a80.00 30.00 Checks 3 3.50 52.63 9.50 79.20a80.00 31.00 4 3.50 52.63a52.97 9.50 80.00 31.00 S--~ 6 3.50 53.19 9.50 80.00 31.00 7 3.50 53.20a53.40 9.50 80.00 31.00 8 3.50 53.40 9.50 80.00 31.00 9 3.50 53.40a53.55 9.50 80.00 31.00 80.00 31.00 79.80a80.00 lO.- 3.50 54.05 9.50 ll 3.50 54.05a54.21 9.50 1.2734al.30 1.2734al.30 18.94al8.98 19.84al9.95 2.31%a2.3534 1.2734al.30 18.95al8.98 19.84al9.95 2.31%a2.3534 1.2734al.30 2.20%a2.21% 33.31a33.32 33.32a33.33 5.40a5.55 33.31a33.32 33.32a33.33 5.30a5.40 33.32 33.31 2.20%a2.21% 33.32 33.31 2.20%a2.21% 2.20%a2.21% 33.31a33.32 33.32a33.33 5.20a5.35 2.20%a2.21% 5.20a5.30 Singa¬ Shang¬ Yoko¬ Portugal Kong hai hama Manila pore Bombay Java Peru Sol Escudo Dollar Yuan Dollar Yen Peso Dollar Rupee Guilders Peso Checks Checks Checks Checks Checks Checks Checks Checks Checks Checks Hong 5.16a5.19 24.25a24.75 4.51 J4a4.53 31.18a31% 5.16a5.19 24.25a24.75 4.51*sa.531i 31.16a31*ie 5.16a5.19 24.37a24.75 4.52a4.53% 31.18a31% 5.16a5.19 24.37a24.50 4.52»ia .53xi 31.18a31% SUN DAY 5.16a5.19 24.37a24.50 4.52a4.54% 31.18a31% 5.16a5.19 24.37a24.50 4.53a4.54% 31.20a31% 5.16a5.19 24.37a24.50 4.52%a4.54 31.20a31% 24.37 4.52%a4.54 31.17a31*xe 5.16a5.19 29.48a2918i» 29.06a29.07 50% a 508x« 50.50a58% 37.65a37.68 29.48a2918i6 29.07a29.09 50% a50.15 58.53a58.70 37.66a37.70 29.48a2918xe 29.06a29.09 50% a50.15 58.53a58"iB 37.67a37.68 55.69 29.48a2913i6 29.07a29.09 50% a50.15 58.53a58"xe 37.68a37.70 55.72 29.48a2913i8 29.09a29.16 50% a50.15 58.58a58.80 37.72a37.79 29.49a29»7i2 29.10a29.13 50% a508ie 58.60a58.75 37.73a37.78 37.71 29.48a29»i8 29.09a29.12 50% a508i6 55.55a58.76 55.80 29.48a2918is 29.80a29.11 50% a508i« 31.00 5.16a5.19 24.25a24.37 4.52%a4.54 31.19a31% 5.16a5.19 24.25a24.37 4.53%a4.54 31.20a31% SUN DAY 29.48a2918ie 29.10a29.13 50% a50»i« 29.12 29.48a2918x« 50% a50»i« 12.... 5.20a5.35 Chile Vene¬ Ecua¬ Colombia ano 1.2734al.30 18.95al8.98 19.81al9.95 2.32 34 a2.36 30—. Bolivia a2.36 3.51%a3.51% 3.51 % a3.5134 a3.51% a3.51% Dec. 2.36 18.94al8.98 19.84al9.95 2.32 18.95al8.98 19.84al9.95 2.32 25.... 27—. 2.20%a2.21% 2.20%a2.21% 2.20 SUNDAY 19.... 20 2.21 al.35 SUNDAY 3.51 18—. 2.20%a2.21 2.20%a2.21 5.50a5.75 1.2734al.35 1.2734al.35 1.2734al.35 1.2734al.35 1.2734al.35 1.2734al.35 18.94al8.98 19.83al9.94 2.3134a2.35 Ut% disct. a Par 132a1«4% discount 8«4a1«4% 5.45a5.60 33.28 1.2734al.30 1.2734al.30 1.2734al.30 1.2734al.30 1.2734al.30 a.75 *31% disct. a Par 17.... 33.26 33.27 1.2734al.35 1.2734 1.35 1.2734al.35 1.2734 1.35 1.2734al.35 1.2734 1.30 .73 13.... *Cables Cables 33.25 1.2734al.35 1.2734al.35 1.2734al.35 18.93al8.95 19.84al9.92 2.2834 a2.3334 18.95al8.98 19.83al9.92 2.31%a2.3334 14.... discount discount Checks Checks a2.21 Checks Checks 1.29 18.93al8.98 19.83al9.93 2.30% a2.33 34 a2.35 18.94al8.98 19.83al9.91 2.28 18.94al8.98 19.85al9.95 2.32 34a2.36 3.51 % a3.51% Dec. 31. Polish 18.95al8.98 19.82al9.95 2.3134 a2.3434 18.94al8.98 19.85al9.91 2.3134 a2.34 34 a2.34 18.94al8.97 19.83al9.93 2.31 .7334a.75 .73 % a.75 12.... <*3.51% on SUNDAY 5..., 6.... 31. Zloty slovakia Koruna Dollar Hongkong dollars were 31.18@31% on @31% on Dec. 31. The Shanghai dollar 29.48@29 13/16 on Dec. 1 and 29.47 @2927/32 on Dec. Yen checks sold at 29.06@29.07 on Dec. 1 and at l/16d. EXCHANGE ON OTHER CENTERS Czecho¬ Canada Dec. was including known reserves of the DAILY RATES OF deficit. Dec. 1 and 31.21 Japanese gold shipped here during the last several months was converted into sterling. It was estimated toward the end of December that the Japanese gold reserves, Subsequently the conflict with China a new drain upon the Japanese balance of payments. London silver price on Dec. 1 was 19 ll/16d. and on Dec. 31 19 of the total rapidly originally needed in order to finance the growing trade Exchange 55.70 55.87 55.76 58.60a58.75 37.71a37.74 58.63a58.75 37.73a37.76 55.76 58.61a58.75 37.72a37.75 55.82 58.61a58.75 37.71a37.74 55.83 58.63a58.75 37.72a37.75 55.79 57.61a58.75 37.72a37.74 55.79 55.82 „ 3.50 54.48a54.50 9.50 79.80a80.00 31.00 5.16a5.19 24.25a24.37 4.51a4.54% 31.17a31*xe 3.50 54.50 9.50 79.80a80.00 31.00 54.48a54.50 9.60 79.80a80.00 31.00 5.16a5.19 24.25a24.37 4.521ja .541j 31.18a31% 5.16a5.19 24.25a24.37 4.521«a .54xi 31.20a31% 29.47a29«i2 29.09a29.11 50% a50»i« 29.47a29«i2 29.10a29.12 50% a508ie 29.47a29«»2 29.09a29.11 50% a508i« 29.47a29"»2 29.09a29.12 50% a508i« 58.61a58.75 37.72a37.74 3.50 55.71 55.78 3.50 54.50a54.65 9.50 80.00a80.05 31.00 5.16a5.19 24.25a24.37 4.521<a.5412 31.18a31*i6 9.50 31.00 55.74 54.48a54.60 9.50 80.00a80.05 31.00 29.47a29»*»2 29.08a29.11 50% a50»u 29.47a29«88 29.09a29.10 50% a50»x« 58.61a58.75 37.71a37.74 3.50 5.16a5.19 24.37a24.62 4.521<a.541» 31.18a31% 5.16a5.19 24.38a24.62 4.521«a .541j 31.18a31% SUN DAY 55.75 54.50a54.69 80.00a80.05 58.61a58.75 37.72a37.74 3.50 7.32 31.00 7.32 31.00 29.48a29l8u 29.08a29.10 50% a50»x« 29.45a293*82 29.08a29.11 50% a503x» 55.75 54.48a54.80 80.00a80.05 58.61a58.75 37.72a37.74 3.50 5.16a5.19 24.37a24.62 4.521<a.541j 31.19a31% 5.16a5.19 24.37a24.62 4.51 ha .541j 31.19a31% 55.75 54.48a54.80 80.00a80.05 58.61a58.75 37.72a37.74 3.50 31.00 29.45a293*i2 29.08a29.10 50% a503i« 55.76 54.48a54.80 7.32 80.00a80.05 31.00 80.00a80.05 31.00 5.16a5.19 55.76 54.80a54.95 7.32 58.61a58.75 37.72a37.75 3.50 29.45a292*»2 29.08a29.10 50% a503x« 29.45a292»j2 29.08a29.10 50% a508x# 58.61a58.75 37.72a37.75 3.50 5.16a5.19 24.50a24.62 4.53a4.54% 31.19a31% 4.52 '^a .54x» 31.20a31% 24.62 5.16a5.19 65.75 3.50 7.32 80.00a80.05 58.61a58.75 37.72a37.74 54.48a54.80 54.95 80.00a80.05 31.00 5.16a5.19 24.62 54.95 80.00a80.05 31.00 5.16a5.19 24.62 4.5238a .54x2 31.20a31% 55.76 3.50 7.32 58.61a58.75 37.71a37.75 28.... 80.00a80.05 31.00 5.16a5.19 24.62 4.52x2a .54x2 31.20a31% 55.78 54.90 7.32 58.61a58.75 37.72a37.75 3.50 29.45a292*82 29.08a29.10 50% a508i6 29.45a292*s2 29.08a29.09 50% a508i« 29.46a2913ie 29.06a29.09 50% a503x8 55.75 3.50 7.32 58.6»0a58.75 37.71a37.74 27.... 24.62 4.52i2a .54x2 31.19a31% 29.47a29«32 29.06a29.10 50% a503xe 58.61a58.75 37.73a37.74 55.79 29.47a292732 29.06a29.10 50% a503xs 58.61a58.75 37.72a37.75 55.81 17.... 4.528<a.541i 31.19a31% 24.62 HOLI DAY 25.... SUN DAY 26.... , 4.52*80.54ls 31.19a31% 3.50 7.32 79.90a80.00 31.00 5.16a5.19 3.50 * 54.95 54.95 7.32 79.90a80.00 31.00 5.16a5.19 24.50a24.62 4.52*80 .54x2 31.21a31% Open market.