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aW.V 7 &/*>)>" /938 BANK RECORD ■ CO. U. S. FAT. OFFICE FEBRUARY IN RETROSPECT Page Commercial and Financial Cotton Events 1 10 —.——— Course of the Stock Market 14 Dividend Declarations -.13 Federal Reserve Bank—Brokers' Loans .16 Foreign Affairs 5 Page Hides and Leather ... Iron and Steel Trade. ... Money Market New -.15 Security Issues — Petroleum and Its Products Rubber — .... — Foreign Exchange 17 — Textiles 10 — United States Treasury Financing. 12 11 10 10 — Grain—Coffee—Sugar 9 8 —12 INDEX TO STOCK EXCHANGE QUOTATIONS Page Baltimore Stock Boston Stock Exchange ......67 Exchange. .68 Chicago Stock Exchange—..... Cleveland Stock Detroit Stock 64 Exchange 66 Exchange ..60 ... Los Angeles Stock Exchange 64 Page New York Curb Exchange New York Stock New York Stock Exchange—Bonds. Exchange—Stocks. Philadelphia Stock Exchange 19 — 31 — 61 — Pittsburgh Stock Exchange San Francisco Stock 41 — 69 — Exchange 62 — INDEX TO GENERAL QUOTATIONS Page Banks and Trust Companies— v: ■■ : Page Municipal Bonds— Domestic ..100 Domestic Canadian ..111 Canadian Exchange Seats... Federal Land Bank ._93 ...83 Public ...91 Bonds Foreign Government Bonds Public Utility Stocks ...92 Industrial Bonds . Industrial Stocks.... - - 81 ...84 ... Insurance Stocks ... Investing Companies Securities — 99 ...72 Joint Stock Land Bank— Securities ..91 Mill Stocks—see Textile Stocks- Mining Stocks 73 78 Railroad Bonds 67 Railroad Stocks 71 Real Estate Bonds -112 Real Estate Trust and Land Stocks 84 Textile Stocks 84 Title ..111 .... Utility Bonds.. Guarantee and Safe Deposit Stocks %.....84 United States Government Securities..91 — 84 United States Territorial Bonds 91 Sf 'ill Ti'il u> lyCazrcii 4, 1938 1 WILLIAM B. William lill DAHA COMPANY, Street, Corner of Spruce PUBLISHERS Street, New York \ jgafe Bc^osit and Jrnst Co. —OF BALTIMORE— Capital $2,000,000 Surplus and Profits $4,196,364 CINCE 1876 this Company has devoted itself Vexclusively to the management and conser¬ estates—specializing the whole effort highly trained organization in this business. vation of ' of its companies in the has never engaged in general banking, selling securities, etc. Its Directors are: It is one country of the few trust which Edwin G. Baetjer Venable Baetjsr A Howard . Charles H. Babcock.. .Reynolds A Co. William G. Baker, Jr. -Baker, Watts A Co. Howard Bruce. Chairman . more George C. Cutler of Board of Balti¬ National Bank _President of Trust Co. E. Asbury Davis.— _President Safe Deposit and of Baltimore United of States Fidelity and Guaranty Co. Lyman Delano . Chairman of Board of Atlantic Coast Line R. R. Co. Robert Garrett Norman James J. Edward Johnston Blanchard Randall... Charles E. Rieman— r- . . _ . Robert Garrett A Sons Fresident of James Lumber Co. Capitalist Gill A Fisher -Pres. of Western Nat. Bank BANK/QUOTATION RECORD REQ. NEW YORK, MARCH 4, VOL. 11 •Bank The Bank and Quotation Record is Terms for the Chronicle 815 per annum within the United States are in South Cuba, and (except Argentina), Spain, Mexico and America $20 in other foreign countries. Bank and Quotation Record is $10.00 The subscription price to the a year. $1.00 Single copies are sold at Postage outside of United States extra. continued work 63 recommended ture. cessions to it, they refused to drop the basket"), which surtax (Closely held corporations. on of ture LONDON OFFICE—Edwards & Smith, 1 Drapers* Gardens, imposes E.G. Senate $800,000,000, section ("third new undistributed special a William ings during of mechanism a of regulation of AND Exchange FINANCIAL EVENTS The of the enactment Administration's hours farm and housing legislation and attempts to clarify its economic poli¬ cies in dealing with the present business recession were the law the with after past month. its the in of action that at the request a the bill. Chair¬ Corporation, announced of President Roosevelt the Commission. measures, Consideration of Securities and two special session National 1934, last the and year, started by the on standards of wage Labor House the during the based other Recovery Administration code was and wage resembling that passed by the Senate one and recommitted to the House Labor (Committee Committee on 24. Feb. Feb. 3, on on of the measure, Jesse H. Jones, passage 10 became measure congressional of the Reconstruction Finance Feb. activities governmental The housing by President Roosevelt approval completion Following man on developments important more during The over-the-counter brokers and dealers, under supervision of the REVIEW OF FEBRUARY—COMMERCIAL expendi¬ month. the the Maloney bill, which provides for the establish¬ on ment held were profits Hearings on the Ad¬ Banking and Currency Committee conducted hear¬ WILLIAM B.-DANA COMPANY, Publishers, Street corner Spruce Street, New York struc¬ in the present tax changes Although the committee approved of five minor con¬ ministration's naval bill, which calls for increased per copy. CHICAGO OFFICE—208 South La Salle Street. the important on The House Ways and Means Committee held hearings on the report of its subcommittee which and U. 8. Possessions and Territories; $16.50 in Canada; $18.50 committees legislation during the month. of the companion publications one 1879. NO. 3 1938 Congressional Quotation Record and •f the Commercial & Financial Chronicle and is issued monthly. and Central OFFICE PAT. 1928, at the Post Office at New York, N. Y., under the Act of March 3, Second Class Matter, March 9, as 8. COMPANY, in office of Librarian of Congress, Washington, D. C. Copyright in 1938 by WILLIAM B. DANA Entered U. than More Nation 500 convened executives in smaller of Washington on business of the Feb. 2 at the instance of President Roosevelt, and, after heated sessions, 23 recom¬ mendations were submitted President the to Feb. on 4. Following the presentation of the recommendations, White RFC had organized "The National Mortgage Association of House officials intimated that the President thought some Washington," $10,000,000 of paid-in surplus of $1,000,000, in order to complete the he and with paid-in capital a stock of machinery for making available immediately the facilities and benefits of the With action Federal housing law. new been having completed by signed the farm bill Feb. 16. on the House on it calls for benefit conserve and make the difference up of corn, increase soil for payments fertility; is called practices parity payments power these products would have commanded War, pluses off the loans when market designed prices storing them for future lean years. his that the the signing of additional authorized revenues Manifesting Congressman on cost sur¬ relief of such legislation, concern over the effects Speaker during the projects during the fiscal supporters Other of the New Progress Administra¬ fiscal behalf was on The year. of carry out the was WPA passed Feb. 23. its up the $250,000,000 emergency action Senate, of on Congress included the Feb. 16 and by the House Secretary The bill would assets" from early relief expenditures President Roosevelt on Feb. 4 signed by the resolution making appropriations available for the adminis¬ tration of the Administration's the 18 Feb. on issued statement prepared a System, and economists of various a prices for him "balanced" which would promote a executive de¬ "balance" of commodity expansion of production and thus increase income and employment. In his remarks to reporters, when issuing the statement, the President ruled out inflation and further dollar devalua¬ tion as methods by which he would bring about a readjust¬ of prices. ment Incidentally, the statement, in seeking to Sugar Act of 1937. sarily being aimed at. between of the Secretary announced country Morgenthau, on Feb. Chairman System and Marriner other 11, the Treasury on fiscal Feb. 14 revision of its gold sterilization program, retro¬ a active to Jan. this to the nature of the confer¬ as Reserve Federal officials which started few r Terminating speculation 1, to the extent that only gold which enters over and above $100,000,000 in any one quarter will be sterilized in the future. The abandoned by 15, authorizing the cancellation by the Deal. Reserve ences permit the RFC to "write off" about $2,700,000,000 carried the of partments, in which he called for letter a Feb. 21 when the Senate de¬ on ,aside to take "recoverable RFC lending Eccles, Chairman of the Board of Governors of the Federal Eccles of the Treasury of obligations of the RFC. as resume by Secretaries Morgenthau, Wallace and Perkins; Marriner appro¬ Feb. 16 and by the Senate passage of a bill by the Feb. clarification attempted President recom¬ ending June 30 year Wagner-Van Nuys anti-lynching bill on some business. an $250,000,000 be present recommendations resolution. in Feb. 18 in directing heretofore conflicting pronouncements on price policies, the of the House, additional an in relief and employment, the President in the cided to lay it In the President Council neces¬ $250,000,000 to Administration warned increase on Jones, Chairman of the RFC, to aid to That the a Bankhead, on of respects, declared that the "1926 price level" is not Administration's bill appropriating by the House advice the would be needed to give it full effect. Feb. 10 that President's possible of fulfillment, but clarify the Administration's price policy in at least on projects Jesse low, statement issued President Roosevelt priated to help in financing Works tion a and impracticable. as that increased business recession to the bill, the keep exceedingly are In before to provisions for "parity" payments would present mended to wheat, rice, tobacco and cotton, and the purchasing World with that between prevailing market prices and commodity others anxious to follow was The Act, which is desig¬ Adjustment Act of 1938, the most comprehensive system of crop control in American history; constructive were regarded respects was indicated by his action ,Feb. 9, and by the Senate on Feb. 14, President Roosevelt nated the Agricultural them On the last of day Court handed down a the month number of (Feb. 28) the decisions, in Supreme one of which it upheld the power of the National Labor Relations Board to order the disestablishment of company unions of the Pennsylvania Greyhound Lines, Inc., and the Pacific Grey¬ hound tion Lines, Inc. of a lower On the court same which Milwaukee meat shops. day it vacated had injunc¬ an prohibited picketing The Supreme Court also on dismissed the appeal of employees of the New York Transit Corp. against a closed of Feb. 28 Rapid shop contract between the corporation and the Transport Workers Union of America. Other of the were a more important of the Supreme Court rulings unanimous decision on Jan. 31 holding that District not empowered to are the which smallest undertakings to between %% and 1% on large ones. The premium on all mortgages will be levied on the diminishing balance of principal and not on original face value, which constitutes a major change from the present Act. The revised Act also provides that premiums assessed against old insured at Labor Relations Board inquiring National against $836,061 of reinsurance premiums written in Con¬ necticut on California policies was upheld; and a unani¬ holding that a State can constitutionally limit the width and weight of interstate automobile trucks decision mous Roosevelt Congress Passes President Roosevelt Arminis- Feb. 16 signed the new on $440,000,000 farm bill [known as the Agricultural Adjustment Act of 1938], and officials of the Department of Agriculture immediately made plans to put the new cropcontrol law into operation. Passage of the bill in compro¬ mise form by the House of Representatives occurred on Feb. 9 by a vote of 264 to 135. The Senate approved the compromise version on Feb. 14 by a vote of 56 to 31. Presi¬ dent Roosevelt, in a statement issued as he signed the measure, assured that it would be put into operation as quickly as possible. At the same time he warned that if all benefit payments specified in the bill were to be made, a tration fund the In this refer¬ available for administration of the measure. it ence made and for soil conservation allotted than additional revenue other from be created must $440,000,000 assumed that the President meant the enaction was mutual a taxes on certain commodities—notably wheat and cotton—listed under the new law. of processing The bill went to conference after it passed the Senate on from the of action House at the came end the No member permitted to change any section of the bill which a joint Senate-House was drafted committee from separate measures which Senate the and House passed at the end of the special session of Congress last December. The work. Continuation 1. with Controls 2. grower 3. of farmers the for in voting beyond crops Although used tobacco, cotton, Secretary Wallace withdrawn Acreage 4. soil who con¬ crops. of amount if fanners substituting rice, or corn wheat that protective estimates a sup¬ heavy fines for sale of above-quota The quota scheme becomes inoperative, however, if more than production. dairy feed the on to payments Agriculture in of referendum reject it. a soil-depleting crops may farmer's normal needs. from a not be used for is placed on the amount of money that can be program, Administration sponsors say it will not cost limit no new $500,000,000 which has been appropriated recently for other more than the farm programs. A 6. It announced was starting for wheat a crop The signing by Federal Housing Administrator McDonald of the charter creating the National $1,000,000. Stewart Mortgage Association was made known on Feb. 19. The directors of the Association are: C. B. Henderson and Emil directors of the RFC; Robert Y. Fleming, Presi¬ National Bank, Washington, D. C.; Claude Schram, dent of the Riggs Individual 7. Machinery organization of "The National Mortgage Association of benefits and in invest The the of first sell set up markets and be to established in four sectors of the country. Adoption by Congress of Conference Report—Lodge "Prevailing President report on the Administration housing bill, signed the bill on Feb. 3. Final congressional the the or of 40; on House without a Jan. 21 the report was agreed to by record vote. The measure was sent to conference on Dec. 21 last, after its passage that day by Senate, following its adoption by the House on Dec. 18. Agreement by the conferees on differing provisions of the two bills was reached on Jan. 20. A bitter contest developed the Roosevelt President also would to encourage new home building and banks from participating in the program. In the Senate, where the conference report was adopted on Feb. 1, all party sectional lines were wiped out in the dispute over and final agreement to exclude the "prevailingamendment." in its Washington advices, Jan. 20, said, in part: for a as As agreed on for the small crop loans. of $3,000,000,000 predecessors, which undertakings, it will put small and houses a also dividend corporations up Cancel Obligations of the RFC—House Also Passed Bill Fixing Per ma* Capital of Commodity Credit Corp. at $100,000,000 nent Senate have passed a bill spon¬ Administration authorizing the cancellation by the Secretary of the Treasury of obligations of the Re¬ construction Finance Corporation. The bill would permit the RFC to "write off" about $2,700,000,000 carried as "re¬ coverable assets" from early relief expenditures by the New sored the by which added: The Treasury About of to The and Jesse H. Jones In view carrying the expenditures on balance the to went reduces fund. general Treasury'6 the also advanced to the Works Progress other emergency agencies Bines money was provided that any repayments of the loans to RFC ars measure bill number of the RFC directors from seven to five. only five posts now occupied. are The bill Senate RFC Chairman bookkeeping practice of as into go The There the recoverable. $1,600,000,000 of the books Administration 1932. requested by was measure criticism of on Feb. was passed by the House on Feb. 15 and by the Feb. 15 16. There was also House the roll call in either case. no passed bill to maintain the a Commodity Credit Corporation's capital at $100,000,000 and borrowing power up to $500,000,000. on Feb. 16, Senator Vandenberg indicated follows the list of the items included in the $2,700,000,000 giving it In the a Senate, "write off": The items covered in this bill, funds expended for exclusive of $1,800,000,000 that represents relief and for relief purposes only are as follows: $124,741,000 represents the capital stock of the home-loan banks; $200,000,000 the capital stock of the Home Owners' Loan Corporation; $2,600,000 stock land loans is made the by Bank Land Commissioner to joint- Farm Mortgage Corpo¬ banks; $200,000,000 the capital $40,500,000 represents to Credit create a of stock the money Federal of to were mortgages confined in made for scope to housing con¬ relatively small large government guarantee behind mortgages those a by limited value of $5,000,000 for single operations. financing housing operations advanced to revolving fund used in part the Farm Credit Administra¬ to loans by the Secretary of Agriculture; crop capital for stock of Credit Commodity $10,000,000 for capital stock of Disaster Loan $7,500,000 $10,000,000 create establish the Production Corporations; $115,000,000 for $97,000,000 maximum Unlike its conference. to sent was House and Senate on Jan. 28, and in form thus agreed to was signed by the President. In indicating the amount of the appropriation involved, Representative Taylor of Colorado, one of the conferees on the part of the House, stated that $39,750,000 was for payments in connection with sugar and $34,000,000 tion rewritten in conference will make available Federal insurance struction. on it ration ; Detailing the provisions of the bill the "Times," The bill resolution mak¬ by the conferees, it was adopted by the as wage of which result plaining, according to Washington advices to the New York "Journal of Commerce," that they thought inclusion of such a limitation in the bill would work against aims of the deter for Resolution Making Appropriations of 1937 Signs administration of the Sugar Act of 1937 and for crop production and harvesting loans. The resolution passed the House on Jan. 21 and on Jan. 26 it was passed by the Senate in amended form, as a inserted in the bill in the Senate requiring that the prevailing wage shall be paid on all construction work undertaken under its provisions. The amendment was eliminated in conference, the conferees ex¬ program National Mortgage Association Administration of Sugar Act On the so-called Lodge amendment on of other national mortgage associations, increasing the capital stock of "The for Washington." legislation occurred on Feb. 1, when the con¬ report on the bill was adopted by the Senate by a of 42 to vote requested that we hold in reserve an additional $40,000,000 for the capitalization of the conference the President ferees' against them. also has Deal, said United Press accounts from Washington, Feb. 16, Wage" Amendment Dropped Following the adoption by both the House and the Senate on new mortgages debentures its Washington" immediately the facilities Federal housing law, and this Association will insured by the Federal Housing Administration making available for machinery the In his 10 Mr. Jones said: announcement of Feb. The of the RFC. assistant to the Chairman Costello, Both the House and the $10,000. by which Secretary Wallace can try to develop for the Nation's major commodities. Research President^Roosevelt Signs Administration Housing Bill Following action General Counsel of the RFC, and W. C. Hamilton Jr., E. insurance payments under new Act will be limited to 0. uses paid-in surplus of paid-in capital stock of $10,000,000 and a Authorization for the creation of a $100,000,000 corporation to laboratories Finance Corporation, that at the re¬ quest of President Roosevelt the RFC had organized "The National Mortgage Association of Washington," with a provide insurance for other crops. new Feb. 10 by Jesse H. Jones, Chairman on of the Reconstruction Congress Passes Bill Authorizing Secretary of the Treasury to appropriation $20,000,000 program. Washington-—Com* Facilities of New Federal Housing Act ing appropriations available for the dangerously high, with plies will be one-third Department market may Act Conservation Soil of the for soil-depleting crops Association of pletes Machinery f or Making Available On Feb. 4 President Roosevelt signed the principal provisions of the revised bill follow: serving dividend company operations. for limited Formation of National Mortgage apply marketing regulations to wheat, corn, cotton, tobacco and rice. cooperate family dwellings qualified for by individuals or regular corporations, insurance of 80% of value of The limit rises to $5,000,000 under the same con¬ to $200,000 and provides for chinery by which Secretary Wallace, with the approval of farmers, could The insure up * would continue the Soil Conservation Act and set up ma¬ program may built when insurance, completed ditions of four hours of debate under procedure which many Republicans described as a "gag rule." fund which 50% if authorized by the President. of the bill, as compared with the old National Housing $16,000 and The rates. for establishment to $2,000,congressional authority, with the right to increase insurance Act, advances the limit of value of multiple advices from Washington said: Dec. on the on section new completes and the House 17, mortgage total by 10. The newly-enacted measure provides for control of production of five crops, viz., cotton, wheat, corn, tobacco and rice, with a view to stabilizing prices. Under date of Feb. 9, Associated Press Dec. "premium charge," plus annual 1% of the principal of 000,000 of mortgages on that mortgage Compromise Measure 6% rate of interest ^4 approved by the conferees, the revised bill provides As of A New Farm Bill After Signs from mortgages shall be brought into line with the new passing through its territory. President uniform a varies State tax on insurance premiums 2.6% California designed primarily to make available ample funds for housing The bill is enjoin hearings held by the into alleged un¬ fair labor practices by companies subject to the Wagner Labor Relations Act; a decision in which the protest of the Connecticut General Life Insurance Co. against assessment Courts of REVIEW MONTHLY 2 a for stock of regional was mutual advanced to agricultural the mortgage-insurance Federal fund ; Corporation; Corporation; credit corporations; Housing $15,000,000 Administration for renovation to and March, 1938] modernization loans MONTHLY and insurance by FHA, of establishing and operating the expense $16,000,000 for and new FHA, and 4. Senate Laya Aside Anti-Lynching Bill—No Further Debate on Meat" the urge encouragement of the We ask that faithful rations. 3 of private capital in employer and employee alike be held responsible for the observance of We urge that balanced as soon mutual labor agreements. governmental expenditures be curtailed and the budget possible. as Expected at Present Session ure investment enterprises. 3. of operating regional agricultural credit corpo¬ expenses We 2. the for $32,600,000 REVIEW Nuys anti-lynching bill was abandoned by its Administration supporters on Feb. 21 when the Sen¬ ate, by a vote of 58 to 22, decided to lay it aside to take As to the recommendations, White House officials were reported as stating on Feb. 4 that the President thought a large majority of them were constructive and possible of the $250,000,000 emergency relief resolution, thus ending 30-day filibuster by Southern Senators which had blocked legislation during the present session except for the adop¬ fulfillment. The Wagner-Van up The a and tion of the Farm and Housing measures. Senator Wagner said later that he would again press his fight for the anti- lynching at measure half a the conference two-day One small future The Associated Press also said: recommendations of . the ... "little fellows" recommendations business to men read were . consult President at hour an Chairman of Cleveland, permanent Advisory a the of business. of for was with the to by Chairman Fred Roth session of Council of government. time, but it was not believed that it would again be the subject of extended de¬ bate during the present session of Congress. The motion to Secretary Stephen T. Early told newspaper men after the White House meeting that the President personally did not want to name such a commit¬ tee, but asked Mr. Roth and his colleagues to advise with Secretary Roper shelve with the Leader some anti-lynching bill offered was Barkley who, in asking that the by Democratic be laid measure aside, explained that there appeared to him to be no chance of obtaining unanimous consent to limit the anti-lynching The tion argument to one hour, had been defeated. defeat of the anti-lynching bill was seen by con¬ gressional leaders against The 46. was vote invoke cloture was 42 and Defeat of the first cloture motion in tion with this bill by the Senate occurred motion by Senator rejected by was to on Feb. on While ending June 30. year The House passed 16 by a vote of 353 to 23. Press accounts from is the major elimination denied Washington changes in the by the Senate of relief to that Following the aliens who on measure House a have not filed Feb. 23 said: adopted by the two chambers amendment which would will The application for first naturaliza¬ amendment an by Senator Lewis B. Schwellenbach over 12-month a In earlier from period. appropriation Approximately $500,000,000 of the original Senate sessions efforts to increase the amount the $250,000,000 asked for by President Roosevelt on Feb. 10, in his letter to Speaker Bankhead, were defeated. bill so the cost Feb. 23 sought to amend the on to force most communities to contribute as letter my it is 25% to employment." heretofore of you Oct. wish that my which you to increase or have we to The 18 made permit credit make you In lending your loans emergency available to of all authorized to lend, especially loans are employment. statement issued by Chairman Jones, ing the managers of that qualify under increase employment. While Act, stating than more especially and This includes all that the 000,000 for loans, $200,000,000 Feb. 18, with agreement was to House the today, instruct¬ we are maintain will or little and big. $1,500,expect not $300,000,000 would be used. or Committee Ways and revision following week. House the by on 26 Feb. would be reported measure by MeanslCommittee bill announced was indicated that the the that that he did said the tax on loans types of business, Tax Revision Bill Completed by House when it of RFC has approximately Mr. Jones Ways and Means me 32 loan agencies to accept applications for loans our our reading of the 334-page hill remains. Senator Austin of Vermont increase or In connection with the President's letter to have (Bern., Wash.), calling for repeal of the Woodrum amendment to the 1937 Relief Act, which provides that the WPA must distribute its available funds modifications maintain Final The Senate also added accordance respect to the above, said, in part: tion papers. $1,500,000,000 maintain deserving borrowers , Senate action, the bill was returned to the House for con¬ in the Senate amendments. As to these, United of the character, currence One will on during the fiscal the bill that various Feb. 23, by a vote of 67 to 1, passed the Administration's bill appropriating $250,000,000 to help in financing Works Progress Administration relief projects In President's letter said: authority since Congress on $250,000,000 Relief Bill—Emergency Appropriation for WPA Asked by President Roosevelt Senate loans connec¬ Jan. 27, when a Action®by The Washington earlier in the month. the 32 loan agencies of the Corporation had been instructed to accept loans "that qualify under our Act, and especially that of 51 to 37. in instructions, Jesse H. Jones, Chairman of the RFC, announced on Feb. 18 that the managers of Neely of West Virginia to invoke cloture a vote resumption of lending activities by the Reconstruc¬ Corporation was authorized on Feb. 18 by with the President's bustering which opponents of the measure have conducted for the past six weeks, in an effort to prevent a vote on the bill. Outgrowth of Small Business Men's Con¬ as Finance ence time rejected an attempt to invoke cloture and to halt fili¬ actual up. President Roosevelt, the President's action, it is assumed, having been inspired by the small business men's confer¬ Feb. 16, when the Senate for a second on setting it ference Senator's Virtual to Action Regarded debate and said he had done all he could to get a vote on it. He noted also that two motions to invoke cloture, limiting each view a Resumption of Loans by RFC Authorized by President Roosevelt- Completion of the made the committee was known on Feb. 21, when it approved what is termed a Treasury sanctioned compromise of the "third basket" tax imposed the closely held on corporations under 1-B Title of bill. On Feb. 24 Representative Vinson, Chairman of the sub¬ what similar change had been committee of the House Ways and Means Committee, which drafted the bill, stated that the highest tax applicable to who any of WPA projects in cash or materials. A some¬ attempted by Senator Bailey, introduced an amendment to require cities to provide 25% in cash unless the President found that certain local communities unable to pay that much. Feb. 22, by a vote of 53 to 22, defeated an amendment sponsored by Senator Bone to increase the ap¬ propriation from $250,000,000 to $400,000,000. The were The Senate also Senate, Feb. on Sdnator on 22, rejected, by Hale reduce to voice vote, a an the amendment by to $200,000,000. appropriation The House, before approving the bill on Feb. 16, rejected proposed amendment which would have increased the a 20%. President Twenty-three recommendations dent Roosevelt ness men's on were submitted to Presi¬ Feb. 4 by a committee of the small busi¬ conference, which opened in Washington on Feb. 2. Called by Secretary of Commerce Daniel C. Roper, at the direction of the President, more than 500 executives of smaller businesses of the Nation were invited to par¬ ticipate. one Among the recommendations to the President was advocating "the establishment of a permanent Advisory Council for small representation." fication business ernment and with equal regional Repeal of the undivided profits tax, modi¬ of the capital Securities interests gains tax and of regulations of the Exchange Commission, curtailment of expenditures and loans to business are the among recommendations, which follow in part: 1. A. In matter of Enable necessary B. the Set the finance, American we make these E. Vinson $5,000 would for tions said, corporation any is 14.1%, while 12%% at the most. pay property depreciation, A he banking system to make insured loans for all with those $25,000 earnings of with net incomes up to provision for permitting deduc¬ allows continued, "very material relief." "This tax closely held on or family corporations—called the 1-b tax—is generally misunderstood," he said. of applied income net income second to which and at it no is "While time would it possibly be what 20% tax." Hearings on the rate is is materially reduced 20%, the amount the original from folks consider some 1 the bill before House committee the were concluded on Jan. 25. Joseph P. Kennedy Sails for England to Assume Post States Ambassador Joseph P. Kennedy sailed for England United States liner Manhattan to Ambassador to as United Great Britain to on assume his Feb. 23 new on the duties as Great Britain, succeeding the late Robert W. Bingham, whose death occurred in Baltimore on Dec. 18. Mr. Kennedy was nominated on Jan. 7 by President Roose¬ velt as Ambassador to the Court of St. James. confirmed the nomination new duties Mr. Kennedy resigns States Maritime Commission. on Before Feb. 18. his departure for the President The Senate In taking over his Chairman of the United as His letter to President Roose¬ tendering his resignation public 13. Jan. on from that office London President Roosevelt at his Hyde Park recommendations: up a are government agency to render this service wherever financial unable Modify Securities and amount of exemption to protection of Emory S. had been staying for a Land Appointed Commission—Succeed or unwilling to function. C. Modify the capital gains tax to give the taxpayer credit for iosa against years of gain. I D. Repeal the undivided profits tax. the Mr. Associated Press accounts fur¬ top rates. new was made Mr. Kennedy visited (N. Y.) home, where few days. purposes. institutions for Thus, he said, less, or velt gov¬ The biggest bill for ordinary corporations is there is a 40% differential between new ther quoted him: The highest tax proposed for a Conference of Small Business Men Held in Washington at Instance °f President Roosevelt—'Twenty~three Recommendations to proposed in the the old and ap¬ propriation to $400,000,000. Except for the House provision aliens, the bill was favorably reported by the Senate Appropriations Committee on Feb. 18. on corporation under existing law is 32.4%. rate investors. Nominated years Exchange Commission's regulations to increase $500,000, but require reasonable information as Chairman Joseph P. of United States Maritime Kennedy—Max O. Truitt Member of Commission Appointment of Rear Admiral Emory S. Land, a member States Maritime Commission, as Chairman succeeding Joseph P. Kennedy, new Ambassador to Lon¬ don, was announced on Feb. 18 by President Roosevelt. The President on Feb. 21 nominated Max O. Truitt, C# eral of the United MONTHLY 4 • EEYIEW Commission for the remainder of the weight The Senate confirmed the nomination on Feb. 23. Kennedy. Re-Insurance Premiums which it The taxed 1, carried was The Connecticut. company had already tax on a Court The carried privilege granted by the State." done, business property, company said that transactions or to the reinsurance or had California discharging no or privilege not dependent or of the to been Federal Constitution. Two to decisions other Justice which Jan. 31, in Supreme Court, sole dissenter, were referred the follows in United Press accounts: as Justice Black in reinstatement dissented also reconsider the must the of Black was action of claimed she Black entitled to was held the a school teacher, seeking Teachers' Acts of 1927 and Dorothy Anderson, permanent post under the 1927 law. Justice invaded Indiana State rights. majority Senator The former Alabama Indiana courts contract was not renewed under the 1933 Act, a fringed in these patents. parts in general were use Are Not Empow" Enjoin Hearings Held by NLRB Under Wagner Act ered to Court on Jan. 31, ruled unanimously that Federal District Courts are without au¬ thority to enjoin hearings conducted by the National Labor "Relations Board inquiring into alleged unfair labor procUnited Tbe States Supreme subject to the Wagner Labor Relations tices by companies The ruling grew out of legal action brought by Bethlehem Va., Shipbuilding and Newport News, Shipbuilding Co. in Commission Railroad decision by which the Court upheld the Texas rate case involving gas consumers in Laredo, a Justice Black challenged the reasoning of some of his associates accused them of usurping authority denied them by the Constitution. Tex., Pierce Butler. . . was rendered by a vote of 6 to 2, with Justices decision Court's The and filed by Justices James Clark Equally bitter was the dissenting opinion McReynolds and Pierce Butler dissenting. Seven-Month Strike of Seattle "Star" "Star" settled was on Employees Ends of the Seattle Scripps League of employees of strike seven-month-old A Feb. 4 when the announced a one-year agreement with the Newspaper Guild, providing for reinstatement of all strikers at the same wages as of July 2, 1937, the day Newspapers American except that after three Guild called the strike, before the of those receiving The contract with the Guild did not months the management will discuss pay less than $25 week. a five-day, 40-hour week to 15 weeks to 10 years' service or more. The National & week, with dismissal pay ranging from one for employees up Publishing Both labor sought action enjoin Board to on complaints of alleged practices at their plants on the ground that they operated intrastate thus and commerce were the not within District Federal Massachusetts The of Appeals Court Board's the and unfair solely in jurisdiction. First Circuit Court The Board. Bethlehem after vehicle the as Under its terms, all strikers activities will be brought to but it position, of the used Federal of power Justice President in. Reed, Foreman by read was Louis Roosevelt's D. Brandeis second shortly appointee to No change made is "Star" The management Upholds Law Limiting Supreme Court Consumers in Laredo, from Other Justices in Cases Affecting Gas Texas, and One Regarding Instructions by Lower Court to Jury Supreme Court, in a unanimous ruling, Feb. 14 that a State can constitutionally limit the The United States on width and weight of interstate automobile trucks passing Justices Cardozo and Reed did not through its territory. participate in the decision, which was read by Justice Stone. The Court sustained a South Carolina statute limiting truck widths to 90 inches and gross weight to 20,000 pounds, thus nullifying a decision by a three-judge Federal court, which had enjoined enforcement of the law. The Department of Justice, which intervened law was an the case, contended that the in "unreasonable burden" on interstate commerce. Associated Press Washington advices of Feb. 14 summarized the opinion as Justice forbid not to 0, follows: regulation set opinion,^ declared the Constitution does by up Sout^i Carolina. Stone said the constitutional grant of receive to are total of a to Congress to commerce. He said it had been "the regulation state commerce, of lower interstate recognized that there were matters of local concern, which unavoidably involves some regulation of inter¬ which, because of their local character and their but number and diversity, Trie court hauls provide for not a , $29,479 in back pay. may never found were that 96 be fully dealt with by Congress." 85% to 90% of motor trucks used from inches wide and weighed, Crucible Steel Co. and in Seattle, Wash., and Portland, , Ore., Ended important strikes throughout the country reduced minimum recently, several of the largest walkouts were With a settled by agreement. On Feb. 2 a week-old strike of 500 employees of the Crucible Steel Co. at Jersey City, N. J.r ended when the Steel Workers Organizing Committee, affiliate of the Committee for Industrial Organization, an¬ had agreed to reinstate most of discharged three weeks before as an nounced that the company 150 the workers Settlement of a strike of 3,000 members of Crucible economy move. the S. W. O. C. at the Harrison, N. J., plant of the Steel Co. was announced announced on Jan. 18 when the management sanitary conditions at the plant would that be improved and seniority rights would be established. An eight-day tie-up of the port of Seattle, Wash., ended ' 13 when Jan. longshoremen and shipowners agreed to sub¬ mit differences to arbitration. The Ore., printers of the on won 20 Jan. small on three daily newspapers in Portland, to accept a proposition from the voted wages, pay Strike of Street power regulate interstate commerce did not "forestall all State action" affecting interstate does hours and arbitration. The strikers increases. The decision was Justices Cardozo and Reed not participating. Justice agreement recognized as bargaining agency for the editorial, business office and departments. The Guild announced strikers returning to work publishers Stone, who read today's the the collective advertising to Width and Weight of Trucks in Interstate Commerce—Justice Black Differs held said guild or closed shop, but the Guild pointed out that it was dissent. participate. United States shall be no during the first six months. effect at the time of the the wage scale in in Strikes in New Jersey at no ... strike. opinion, Justice Brandeis indicated that Justice Cardozo, who is ill, did not In delivering the was end. had been sworn Supreme bench, there will be reinstated on Monday and all strike an discharges for economy reasons the courts ordered the Star had agreement, which is effective for a year, provides there The sole decision Stanley this defining the for Act. Labor Court's The upheld tribunal today high case the under do not have authority to halt proceedings Federal courts that case 12 of Seattle, Co. ing the settlement, said: ing Workers of America, a Committee for Industrial Organization affiliate, alleged unfair labor practices at Bethlehem's Fore River, Mass., plant. The Fourth Circuit Court of Appeals held in the Newport News Co. Dec. on Wash., to reinstate 20 striking Despite the strike the paper employees, all Guild members. resumed publication after a few days. The Seattle "Post-Intelligencer" of Feb. 5, after announc¬ enjoined the Board from further proceedings in connection with investigating complaints by the Industrial Union of Marine and Shipbuild¬ Board Relations Jan. 31, which added: in in 14, ' Labor 7 because, he the case involving the gas consumers Press advices from Washington, Feb. to Agreeing with the 6-to-2 Dry Dock Co., said United Press advices from Washington, the contesting a provide a closed shop, but it specified a Act. of lower court should judgment transfers jury functions to in my United Laredo, Justice Black took the position that some of the before the patent rights were granted. United States Supreme Court Holds District Courts . a company, the government had in¬ and found that "joy sticks" airplane on insurance an "a general rule governing adoption of any McReynolds and ing which upheld the validity of patents held by Robert Esnaut-Pelterie of France that he Referring : again dissented in the rul¬ (Justice Black) Supreme Court held that jury a said: Court's decision that involving the Indiana suit a The petitioner, whose 1933. the in . the Montana was criticized As believe the California tax in this case had proved beyond all reasonable doubt to be in violation of the . instructed eral courts which Constitution. States United Justice Black said he did not . case trials in Fed¬ judges." ... closed, Justice Black objected to any rule that "gives parties a trial by judge," but does not entirely preserve the constitutional right of "trial by jury." He could not agree "to a conclusion which, I believe, takes away any part of the constitutional right to have a jury pass upon the weight of all of the facts introduced in evidence." belief that of the Fourteenth Amend- the protection not entitled to are any upon Texas" were protected by the Fourteenth Amend¬ Texas of power to fix utility rates in law, and even though this insurance company, not a Montana corporation, was able to take the matter to a Federal court, the insurance contract was written in Montana. it said, He dissenting opinion, Justice Black bluntly announced his a corporations rhent were the Texas Railroad Here, Mr. where "the rights of this Delaware corpora¬ Justice authority granted by the State. In contracts an for Laredo. Co. Gas Public Service see indemnity policy, must prove suicide by its client. Black held that the Court instruction was proper, double . and that acts in the course performing State. have not or relationship to the life insurance contracts, the within the State, on the the second In arguments, that this amendment deprived or inside actually written in California. his the Court upheld rates imposed by United the doing business ment follows: as emphasize to italics in the Court. case on these cases employed Black said that he did not tion in on the first In Commission in majority opinion said "the tax cannot be sustained, either as laid on The a Feb. objected to the tax on the ground that the company its life insurance on of also stated: insurance paid taxes Journal" described he cases unusual practice Con¬ noted in Washing¬ This was Street "Wall the to was life business as California policies. on advices ton both In against $836,061 of reinsurance premiums written in necticut in two other Court rulings on Feb. 14. "Times" York Court case in which it protested against assessment the 2.6% 'California State tax on insurance premiums preme of . In one case he con¬ curred in the result but expressed opinions in which the majority did not concur. In the other case he was the soledissenter. A Washington dispatch of Feb. 14 to the New Su¬ Life Insurance Co. won a ; , Supreme California Policies on Connecticut General this, as Black differed from bis colleagues Justice Upholds Application of Fourteenth Amendment to Corporations—Rules in Favor of Connecticut General Life Insurance Co., Opposing California Assessment on United States Supreme Court The low as inches. 96 States, it said, prescribed a gross and none other had a width limitation below Only four other 20,000 pounds. than member of the unexpired term of Mr. Counsel of the Maritime Commission, to be a when loaded, more Car and Bus Operators in Twin Company Agrees to Maintain Two-Man Crews A one-day strike of street car and on Cities Settled— Certain Routes bus operators which virtually paralyzed public transportation in St. Paul and Minneapolis was settled on Feb. 15 by an agreement be¬ tween the Amalgamated Association of Street Railway Em¬ ployees and the Twin City Rapid Transit Co. Under the agreement the company said it would retain two-man crews on certain I lines where it had planned to substitute one• ■ I MONTHLY March, 1938] service, man and promised days' 30 union the give to Puerto Rican Dock Workers' Strike Terminated—C. /. O. and A. F, L. Settlement Term Labor—Wage Victory for Scales of Stevedores Increased A six-week had of strike Puerto in stevedores Feb. 10 after which Rico, paralyzed all port activities since Jan. 3, ended was labor what representatives termed an out¬ standing victory. The walkout had made it impossible for freight ships to load or discharge cargo. Leaders of the American Federation Labor and of for Committee of the Industrial Organization cooperated in organizing the strike, which was conducted with complete orderliness. Governor Blanton H. Winship of Puerto Rico said in a broadcast on Feb. 10 that employers and labor now must work together to demonstrate that the island deserves more ment indicated were Juan Feb. United in Press industries to Terms of settle¬ provide work for the thousands of idle. accounts from San that longshoremen and ship workers returned to work on that day under a com¬ on 10, which stated promise wage scale pending arbitration of their dispute. Cuban that tions of "" sidered yet Such applications will continue to be con¬ their on merits, along the lines laid down in the committee's terms of reference and with regard to the gen¬ eral policy of the British Government. Greater latitude, however, will be allowed until further notice respecting ap¬ plications not falling within the class I mentioned. particularly to the raising of basis in behalf of British new money borrowers on from any Empire for the purpose of acquiring assets I refer long-term a part of the developing enterprises in foreign countries, and to transactions envolving large blocks of foreign-owned securities." The desire or of the British Government, it was emphasized, is to encour¬ expansion" of international capital transac¬ Short-term foreign lending of a non-commercial "suitable age tions. ruled out definitely was by the Chancellor. American Foreign Policy • public works bonds, in default since 1933. The President vetoed the bill on Feb. 10; it had been passed by the Cuban Senate Senate, by session House on Feb. 7. The vote of 28 to 5, overrode the veto in a night a which the on Feb. 5 and the House on lasted until 6 a. Sunday, m. Feb. 13. The day overrode the veto by a vote of 122 same 16. President Roosevelt's decisive stage. diplomatic Feb. 21 On a group of British trade and headed by Arnold E. Overton, Second Permanent Secretary of the British Board of Trade, arrived experts, in Washington to begin formal negotiations on accord between the colonies. its It is the proposed States and the United Kingdom United through the treaty with Great Britain that Mr. Hull hopes to achieve a real and sweeping reduction of tariff barriers, and the course of the discus¬ sions thus will of American last cern month pursued by voiced were the program and Speaking at Des make it acceptable throughout the Nation. Moines, Feb. 19, before a convention of the National Farm Institute, Mr. Hull assailed the "sinister propaganda" which attempts to wreck the "most important policy which our country can pursue to promte its economic well-being and peace." He emphasized especially that the is not harmful to American agriculture. program war disquiet caused revealed on the rapidly The « nation-wide a apprehensions were the naval bill, but they also on scale on a by debate to as the developments were some answer. definite before witnessed. never such require proper The vague understandable is specific questions raised which The rumor circulated with great persistence that the British and United States Governments a eye to see eye of matters the naval question, and possibly on other on international importance. In public .hearings, February, it appeared that consultations between early in British and American naval have experts late, but details of such conversations miral William taken were D. Leahy, Chief of Naval place of refused by Ad¬ Operations. This resulted in formal questioning, in the Senate, of the inten¬ tions of the State Department with respect to the naval aspects of foreign policy. Secretary of State Cordell Hull sent a communication to Key Pittman, on Feb. 8, in which the questions Senator in answered were In response definite a and the query to uncompromising whether any alliance, agreement or understanding exists or is contemplated with Great Britain, as to war or the possibility of war, the is no, Mr. Hulk wrote. A similar reply was made question whether there is any understanding, express answer to the or implied, for the junction with any promising negative to the police Feb. 23 by the Hungarian Minister to to regard enough, but there question fears or the United of supplied by was there States And nation. is by the American an navy equally Mr. Hull in any in response understanding navy of con¬ uncom¬ for particular any Even these assurances failed to dispel "parallel thinking" at Washington and London oceans. that might use other whether patrol or waters Hungarian Debts was with in apparent manner. Canada enlarged materially in the new conversations. The Secretary continued also his strenuous endeavors to justify with occasioned grave con¬ the foreign policy being policy to be followed in these days of rapidly changing alli¬ ances, of foreign wars that are undeclared, and of prepara¬ pected that the scope of the existing treaty with be immense expansion an together the Administration. mainly in hearings raised of crusade for armaments, changing picture of foreign affairs, exceptional interest. Mr. Hull also continued quietly to better the arrangements already in effect. Early in the month he issued a preliminary notice of a fresh reciprocal accord to be negotiated with Canada, with public hearings to begin April 4. It is ex¬ prove naval tions for Trade Treaties The reciprocal trade treaty program of Secretary of State Cordell Hull entered in February a delicate and perhaps a It not investments. Defaulted Public Works Obliga¬ Cuban will has foreign organizations. character Congress has passed the bill to provide for the settlement of and time arrived for indiscriminate ap¬ "I refer particularly," he explained, "to those applications in behalf of foreign govern¬ ments, foreign local or public authorities, or State controlled Over the veto of President Frederico Laredo Bru the Cuban to the Congress Overrides Presidential Veto of Bill Providing for New Issue of Bonds to Replace the treatment of applications. In response to questions by Members of Parliament, Sir John Simon remarked put proval , 5 determine, and possibly will be made clear chiefly through the notices of similar changes in the future. Leaders REVIEW embroil days previously at Washington. United States in a war, and Mr. Hull explicit in an exchange of letters with Representative Louis Ludlow of Indiana, published Feb. 13. provoked widespread interest, as it is the first made by any of the numerous States that defaulted com¬ policy of the United States is neither extreme international¬ Washington, ment John the of Pelenyi, that a formal offer of settle¬ Hungarian Government's debt to the United States had been made The pletely sion some offer on intergovernmental obligations during the depres¬ In this connection it is always necessary to of 1929. tried be to the more In these communications Mr. Hull declared that the official ism extreme isolationism. nor quite proper, and even Conferences procedure on considered were parallel lines was con¬ Hungarian announcement followed sidered admissible, by the State Department, with the reser¬ vation that independence of action always remained. The trend of European events later in February doubtless in which it changed note that Finland, alone among the debtors, continued to observe its pledge and to meet all payments due. The war a period of uncertainty, reported from Washington that the entire debt problem once again was under consideration. Mr. was Pelenyi made it clear that the offer he transmitted appar¬ Under this proposal the 1924 settlement would be ignored and all payments made to date ently occasioned! all the talk. would be credited to siderable reduction principal. This would occasion a con¬ of the original debt of $1,685,835, and the remainder would be paid in 30 annual instalments of about $39,000 each. Mr. Pelenyi stated officially that his government wished to clear its obligations and had tion of requesting prohibits to war no inten¬ fresh credits, such as the Johnson Act debt defaulters. Washington dispatches cedure on the In official opinion parallel lines, and even on matter in as to the advisability of pro¬ will doubtless be heard more coming months. particular the foreign policy of the United States Government deserves commendation, for every effort is being made to augment the "Good Neighbor" policy with one regard to Latin America. suggests the advisability The trend of the of events continuance in of Europe this pro¬ gram, and abandonment of "quarantine" endeavors directed against certain unnamed countries. Washington dispatches made it clear closer ties on with a number Latin suggest that the proposal was not received with any marked by the Administration. cordiality in Washington, possibly because of the excellent example of continued full payments by Finland. In con¬ trast with the complete neglect of intergovernmental obliga¬ tions by the British, French, Italian, Belgian and other governments, however, there would seem to be much to commend in the'Hungarian offer. of occasions America are in February that regarded as desirable unconfirmed reports of British Foreign Loans Modification of British restrictions on Empire lending to foreign countries was announced in the House of Commons, Feb. 1, by it was Chancellor of the Exchequer Sir John Simon, but indicated at the same time that controls continued through the Foreign Transactions mittee. The will be Advisory Com¬ real extent of the modification is difficult to There were even some and plans for a military alliance embrac¬ ing most of the 21 American republics. The merits of such proposals are debatable, for it hardly can be contended that there is any real threat of vague military action against the Asiatic countries. President Roosevelt, however, took occasion to enhance the relations with Latin American States by sending six United States airplanes on a rapid and impressive flight to Buenos Aires, Americas by any European for of or participation in ceremonies attending the inauguration Roberto Dr. M. Ortiz as President of Argentina, on The swift airplanes carried a letter to Dr. Ortiz in which Mr. Roosevelt expressed the "earnest desire to assist in the furtherance of a constructive and fruitful Feb. 21. policy of inter-American cooperation." MONTHLY Naval Armament* Several important illustrations recently have been sup¬ plied of the manner in which the leading nations are plung¬ ing headlong toward a destructive and costly naval arma¬ ments race. One of the most highly significant of these events was the introduction of an Administration bill late in January for a rapid increase of American naval strength. President Roosevelt sent a special message to Congress to . emphasize the matter, and a hot debate on the question soon developed. In his message the President dwelt at length on the peaceful intentions of the United States, and in this respect he followed the best traditions of all coun¬ tries that are increasing their armaments by leaps and bounds. The armaments increases now in progress else¬ where and the wars that are being waged impelled the President to report that our national defense is "inadequate for purposes of national security and re¬ quires increase for that reason." The need for protecting two coasts and the question that remains regarding the REVIEW Foreign Secretary viewed matters differently, and a Cabinet England at a most unfortunate moment. Some weeks or months must elapse before the smoke clears crisis developed in and the problem can be seen in its entirety. Prime Minister Chamberlain took the direction of British policy most decidedly into his own hands, as the prevailing diplomatic winds in Europe began to shift. It was quickly made clear that he preferred a realistic policy, which seem¬ ingly did not suit the idealistic yohng Foreign Secretary. Prolonged Cabinet consultations were reported toward the end of February, and the subsequent events in England supply the best indication of what actually happened in Europe as a whole during February. It is important to note that virtually unanimous support was given Mr. Cham¬ Unfortunately, clashes of personalities obscured the essentials, to a degree. Tumultu¬ ous sessions in the British House of Commons took place, and charges were hurled about in a reckless manner. The Labor Opposition introduced a motion of censure, intended But the Panama Canal were cited in defense of the proposals. The to bring about the fall of the National Cabinet. realistic attitude prevailed in the end and Mr. Chamberlain most important recommendation was for an increase of 20% was supported on the question of confidence by a vote of in naval authorizations, and for the building of two battle¬ 330 to 168; which ended the crisis in England and estab¬ ships and two cruisers, over and above the present author¬ lished a new and brighter outlook for peace in Europe. izations. Air force additions, army improvements and Reports were current for months that irritations within equipment advances all were urged. The program was at the British Cabinet were hamperinjg the development of a first unofficially estimated to involve outlays of $800,realistic policy, and it was known rather definitely that 000,000 in this and succeeding years, but it soon was estab¬ Foreign Secretary Anthony Eden entertained an abhorrence lished that the cost would be nearer $1,200,000,000. for dictatorial government which, though excusable, inter¬ The problem of naval armaments was rendered a little fered with his endeavors as Foreign Secretary. The extent more precise and interesting by notes to the Japanese Gov¬ of the problem thus posed was not disclosed, however, until ernment, dated Feb. 5, in which the United States, British, Captain Eden resigned and provoked a flood of statements and French Governments requested information from Tokio and counter-statements within and without the House of by Feb. 20 as to whether building of vessels is in progress Commons. A good deal of incidental light was thrown on or contemplated in excess of the qualitative limitations of the London naval treaty. These notes were dispatched the European political problem, but still other factors were mentioned briefly and not cleared up. More important than after a long series of unofficial reports indicated that the clash of the British Ministers, however, is the fact that Japan actually is constructing vessels larger than any other new explorations toward an adjustment of grave interna¬ navy possesses. Consultation was specifically welcomed, tional difficulties promptly were undertaken. The Italian even if Japan is exceeding the limitations set at London for Government at first, and then the German Government, signatories, as limitation of some sort was held desirable. The Japanese Government replied on Feb. 12 in a most equivocal manner that revealed nothing, officially. It re¬ mained uncertain, however, whether Japan did not care to supply the desired information or merely resented being called brusquely to account, with a time limit set for the answer. Reverting to the attitude adopted at the London Confer¬ of 1936, the Japanese Government argued that quali¬ are useless if unaccompanied by quantita¬ Blandly disregarding the opinions of other countries regarding the China episode, Japan declared that it is prompted by a spirit of non-menace and non-aggres¬ sion, without any "intention of possessing armaments that ence tative limitations tive limitations. would menace other countries." It was suggested rather pointedly in the note that there is no logical reason for the assumption elsewhere that Japan entertains a scheme for constructing ships larger than the London treaty permits to its signatories. No advantage was seen, however, in formal negotiations on the matter, although the usual readiness was expressed to engage in discussions on the basis of the Japanese ideas of naval limitation. The note was accom¬ panied by informal hints that Japan is not actually exceed¬ ing the qualitative limitations of the London pact, and it was indicated by the Japanese Foreign Office that infor¬ mal inquiries probably would be more fruitful than the formal notes. There was no tendency in the official circles of the United States, Great Britain and France to pursue the matter in the manner suggested by the Japanese. The Japanese obviously were concerned over the cold reception accorded their declarations, and on Feb. 26 Foreign Minister Koki Hirota indicated at Tokio that formal steps for naval limitation were again under consideration by the Japanese authorities. Challenging comments in the United States and Great Britain, to the effect that the resources of these countries are sufficient to enable building programs with which the Japanese could not hope to compete, doubtless stimulated some second thoughts on the ^natter at Tokio. European Appeasement Distinct progress was made in Europe last month toward the generally desired aim of European appeasement and conciliation, Cabinet but conflicts developed within the British the question of procedure, on berlain by the British Cabinet. signified intentions of removing obstacles to a better gen¬ eral understanding. All this, of course, represents a further for the militant dictatorships of Europe. The alternative, in the reasoned opinion of Prime Minister Neville Chamberlain, might well have been war. AngloFrench friendship is not in the least impaired, it was indi¬ cated, but it may be that the rapid alignment of Europe into two camps of democratic and authoritarian States, each drifting toward war, now has been halted. A British Cabinet meeting on Feb. 19 supplied an indica¬ tion of serious doings, and after it ended the rumor spread triumph rapidly that Captain Eden would resign. ment of of the resignation followed on The announce¬ Feb. 20, in the form and friendly exchange of notes by Prime Min¬ iCaptain Eden. The latter tendered his resignation with understandable regret, and Mr. Cham¬ berlain was equally gracious. In the House of Commons, on Feb. 21, the differences began to be aired in earnest, and a warm ister 'Chamberlain and the statements and counter-statements were somewhat less complimentary. Captain Eden made it clear that in the pursuit of peace, wide disparities as to method have devel¬ oped in the Cabinet. He utilized the Italian problem by way of illustration, and stated that in his own opinion the Rome Government ought to agree in advance to certain with¬ drawals of troops from Spain and to other conditions before Great Britain enters into negotiations with Italy. And in the last few weeks fundamental differences arose upon one of the most important decisions in foreign policy which did not concern Italy at all, he said. "It is the traditional method of diplomacy to prepare for conversations before they are formally opened," Captain Eden pointed out. "It is seldom right to depart from that traditional method which has been tested by time and experience. It is cer¬ tainly never right to do so because one party to the negotia¬ tions intimates that it is now or generalizations also were never." uttered. Some persuasive "Of late the conviction steadily has grown upon me that there has been too keen a desire on our part to make terms with others, rather than that others should make terms with us," Captain Eden said. "This never was the attitude of this country in the past. It should not in the interests of peace be our attitude today." Prime Minister Neville Chamberlain entered upon a and the resignation of Foreign Secretary Anthony Eden resulted. The European problem of war or peace was posed in connection with a longer and number viewed in widely different ways in different countries, and called for the exercise of a little determination and good¬ these of was highly important occurrences. the step taken by the German Chief among Chancellor, Adolf Hitler, to gain virtual control of the destinies of Austria. The real significance of this move is still to be determined, but it is evident that German power and influence in Cen¬ tral and Southeastern Europe will be augmented greatly. problem of the long-continued animosity of the British and Italian Governments apparently was examined anew in the light of the German move toward expansion. The ques¬ The tion of the so-called Rome-Berlin axis necessarily figured in the matter, as did the diplomatic question of recognizing the Ethiopian conquest by Italy, Anglo-Italian relations in the Mediterranean, and the Spanish insurgency. On these the British Prime Minister, Neville Chamberlain, apparently determined to take a realistic attitude, but his matters detailed statement, which obviously was tempered by a desire not to wound his younger associate. He remarked drily that the same facts sometimes are more will, so that grievances and suspicions can be cleared away. conversations with Italy were detailed at some length, and Mr. Chamberlain took exception to Cap¬ The approaches to tain Eden's statement attitude the the the part communications Italian that on Government that there of Italy. Which which was a "now or never" "There is nothing in any of passed between us and the in my judgment would justify description," the Prime Minister said. He disclosed receipt of a communication that morning from the Italian Ambassador, to the effect that British proposals for the withdrawal of foreign volunteers from Spain and the granting of belligerent rights were acceptable to Italy. The emphasis on Spain was explained by British insistent that MONTHLY March, 1938] of the Spanish question must enter into any adjustment "I have never been more completely convinced of the Tightness of any course that I have taken settlement general I than the Cabinet "What ment which yesterday," Mr. Chamberlain continued. today of the Tightness of the decision to am came seeking to do is are we to get a general appease¬ The will give us peace. throughout Europe which EEYIEW handed by Dr. Schuschnigg to Dr. Arthur Seyss-Inquart, a leader of the outlawed Austrian Nazis. Dr. Guido Schmidt, who also is sympathetic to German aims, was elevated to Foreign Affairs Minister. Michael Skubl, the Vienna police chief, and Secretary made was attached security in matters, The Nazi Seyss-Inquart. Dr. Ludwig Adamovitch sympathizers, and Ludwig Raab, appointed Minister of Justice and Minister of Com¬ merce, respectively. A number of minor posts also went Europe must depend upon the attitude of four major Powers—Germany, Italy, France and ourselves. For ourselves we are linked to France by common ideals of were democracy, liberty and parliamentary government. France need not fear that the resignation of my right honorable before signifies any departure from the with France." On the other side are Italy and Germany, also linked by affinities of outlook and form of government, Mr. Chamberlain said. prisoners in Austrian jails. And the question is whether these two pairs of nations are to drift into war, or are to try to understand each other's aims and objects and avoid a conflict by means of a general German settlement. it of peace friend It this issue upon of closest friendship policy Nazi to adherents. the described that be the next in the on Former Prime Minister Lloyd George, and former Admiralty Lord Winston Churchill, were among the bitter critics of Mr. Chamber¬ lain. But the upsurge of sympathy for Captain Eden did not greatly affect the vote on the Laborite motion of cen¬ sure. The Conservatives lined up as a solid block for the government, and some Liberal Members also voted for Mr. Chamberlain. The answer of the Parliament was definite, and it be added that much of the press in England may tended realistic favor the appraisal of the Prime Min¬ ister. Lord Halifax, who went to Germany on a diplomatic mission last year, was entrusted for the time being with the Foreign Secretariat Mr. Chamberlain is retaining close control until it is determined whether a Foreign Secretary to be can appointed who Commons for answerable directly is not the to 17 Diplomatic repercussions of these developments stantaneous and direct. The Italian in¬ were Government promptly modified some of its open expressions of antagonism toward England, and conversations were started regarding general terms Earl don of settlement of all outstanding difficulties. The Perth, British Ambassador to Rome, left for Lon¬ of Feb. 23 to receive on instructipns the negotiations, on and hardly These interest On Feb. 24 German Government it reported was in London British plan for Spanish volunteer withdrawals. dors inaugurated The the basis of the on French Government changes in British views. and people naturally were con¬ cerned, and debates as to the foreign policy of that country also started. Premier Camille Chautemps offered his resig¬ nation on Feb. 24, at a Popular Front caucus, but it was refused and M. Chautemps will carry on. Additions to French defense forces were authorized by the Committee of the Chamber of Deputies. Affairs Foreign Germany and Auttria Diplomatic one Nazis in around small The German Europe another in eased were when in German the and and established an ascendency over the State that reduces it to a virtual satrapy. moves other is not were unopposed by Great Britain, "guarantors" of Austrian independence, clear whether the dently by Germany ments Central mid-February cut through the diplomatic fences German it of augmented Austria France but problems and sense reached or steps were taken indepen¬ whether they merely fulfilled agree¬ beforehand. The events were surprising to the laity, for the German internal crisis of Feb. 4 left the impression that no adventures in the foreign field would be attempted for some time to come. The first indications of a change in Austro-German relations was supplied on Feb. 12, when it appeared that the Austrian Chancellor, Kurt Schuschnigg, had paid a hurried and secret visit to Adolf Hitler, at the Berchtesgaden home of Hitler in the Alps. Only a brief official statement issued regarding the conversation, which was purported Chancellor Herr was to have been standing change in occasioned by a were admitted Hitler on Feb. presented 16. It border reinforced the German in the was his Austrian ultimatum, and further rumors that important concentrations The to questions. The practical result the Austrian Cabinet, to which Herr remain desire were of small hours of was Nazi all a. out¬ decided adherents widely rumored that counterpart with an circulated to the effect German troops on the demands, but such statements unsupported, as yet. Cabinet changes Austrian discuss were effected hurriedly Feb. 16, which in itself lends color that Chancellor Schuschnigg was given three days for capitulation. The Ministry of the Interior, which carries to reports with it the direction of the Austrian security services, was controls will be Hitler intentions spoke increased was length at before the immensely. subservient of foreign and to antagonism to the Versailles settlement and the League of Nations. The German leader called loudly, how¬ for the self-determination of the 10,000,000 Germans ever, in Austria and Czechoslovakia. it after For this and other reasons accepted that German policy will be directed here¬ was to the isolation Czechoslovakia of and the inclusion of that country within the German orbit of influence. The countries of Southeastern Europe necessarily must recognize the extension of German influence, and some of them have done The attitude already. so but it of Italy remains undis¬ plausibly that some pre- conjectured is arrangement between Berlin and Rome made the possible. The Nazification lines that ties. plainly measures Austria proceeded rapidly, along dictated by the German Nazi authors of were Chancellor Schuschnigg and his associates in organized Cabinet issued that Nazi activities Front and the re¬ series of statements to the effect to be are all a permitted within the Father¬ other institutions, while Austrian financial and economic policies would be upheld and Ger¬ affairs. It German istry began to scurry all over Europe, and it was evident new and intensive series of exchanges quickly were that Berlin to Hitler, and 20, but he supplied no fresh indica¬ policy. The address was devoted in good part to restatements of the German demands for colonies, tions Johan Ambassa¬ hurried Chancellor German that the the Nazi spokesman Cabinet, with will within Nazi Reichstag on Feb. the on doubted German Chancellor the that inclined to look with favor was Austrian and Austria Austria of as widely rumored was subsequent alterations policy, seemed to insure further diplomatic Germany in the "Drang nach Osten," and by in many would cussed.' it Germany changes, together with the desire participate with England and France in the ad¬ of the Suez Canal will figure in the talks, while naval parity in the Mediterranean also may be dis¬ between Seyss-Inquart, be to British the land to In Berlin these incidents were conversations for it is interesting to note that he gave the fascist salute when he departed. London dispatches suggest that Italy's ministration amnesty augmented and tightened with the utmost rapidity. closed, his actions. Dr. reconstructed endeavors unpleasant personal references were not lack¬ which general that a the alignment step in orbit. Feb. is union customs a from ing, took place in the Commons on Feb. 22. completed changes were hardly informed was "cold Anschluss," and as of may These country decree had been issued, setting at liberty the many political be significant that Captain Eden was long and loudly cheered, whereas Prime Minister Chamberlain was heckled and had to face a hostile House. A bitter debate, ' State of staff of Dr. the to trade admitted to be are Fischboeck, of changes little and views cities, while anti-Semitism began to definitely. The clearest indication of Ger¬ was German accord of auspices. but the Austrian Nazis paid demonstrations were organized in other Franz wealth matters on huge as rather Vienna, as to itensify Austroprominent Nazi, Dr. consultant to the Min¬ a contemplated, were Vienna efforts pertaining to trade with Chancellor Schuschnigg declared that no further heed, appear that made, and named was Commerce Germany. man refrain from interference in Austrian internal was supplied by the German Ambassador to Papen, who declared that the Austro- von only the first step toward a "common¬ in Middle Europe" under German Chancellor Schuschnigg addressed the Austrian was nations Parliament on the matter, Feb. 24, and he assured his countrymen that Austria will remain free. In the Berchtes¬ gaden agreement, he said, the German Government recog¬ nized the full sovereignty of Austria, and each country agreed not to influence the other's political structure. But the speech was interlarded safeguarding the destinies thing with references to the need for of all was said about the Cabinet at the dictation The German occasioned Germans, and hardly any¬ changes that were effected of Austria's powerful neighbor. on the Central European diversion intense interest as to the actual front intentions of the Hitler regime, for the statements in Herr Hitler's book, Kampf," about German expansion eastward in Europe naturally were recalled. The interest was increased by announcements that Herr Hitler would address the Reichstag on Feb. 20, but in the lengthy address on that "Mein day the German leader failed to clarify the German attittude toward Austria, and he also furnished no clew as to the next cerned nomic many surprise with moves. internal progress questions of Most of the address was affairs, and especially with the Reich. raised abroad In obvious about the the to answer con¬ eco¬ the governmental changes of Feb. 4, Herr Hitler maintained that there are no schisms between the National-Socialist State and the armed forces of Germany. The League of Nations was assailed both in general and in detail, but nothing new was said on that subject. Collaboration with other countries, nevertheless, was held desirable by Der Fuehrer, with the single exception of Soviet Russia. In this connection Herr Hitler j sharply assailed the then British Foreign Secretary, Anthony Eden, who was accused sarcastically of not shar¬ ing the views as to Bolshevist plans proclaimed even at Moscow. Japanese aggression in the Far East was con¬ doned by Herr Hitler on the specious pretext that a Japa¬ nese setback would benefit only Soviet Russia. In this connection the German spokesman declared that recognition puppet-State Japanese by the Reich Government to the is to be extended to Spain, the maintain that the duly constituted regard With Manchukuo. of German leader tried to government is a mere extension of Moscow, that further support would be extended to and he hinted General Fran¬ cisco Franco and his revolutionaries. expansion aims and German relations with the of Europe were treated rather vaguely German countries leading He declared that the German demand for will be pressed with ever increas¬ by Herr Hitler. the restoration of colonies ing vigor from year to year, and he denied specifically that the claims can be stilled by the granting of credits. With the exception Germany has no problem, the colonial of quarrel with England, the Chancellor stated, and he empha¬ sized again that the Reich has no demands for territory make against to The free press of England and France. policies seemed to exercise the German spokesman to an amazing degree, for a large part of the speech was directed against the "ex¬ cessive misinterpretations" of the foreign press. Much was made by Herr Hitler of the 10,000,000 Germans in Austria and Czechoslovakia who, "against their own free will," were prevented by the peace treaties from joining the Reich politically after 1918. Just as England stands up for her interests all over the globe, present-day Germany will protect the German peoples of her neighboring States, Herr its declared. Nazi of German criticisms sharp Hitler With reference the racial and cultural to Austria, he dwelt on ties, and he extended fullsome praise Schuschnigg for his "cooperative spirit," but he said to Dr. nothing of the real German intentions. strengthened, will be who closed on the according to the The German army German dictator, usual note of pacifist intentions. Internal stresses occasioned administrative affairs on a decided change in German With characteristic abrupt¬ Chancellor Adolf Hitler reorganized the Cabinet and the army command completely, and the event gave rise to rumors of serious dissension within the higher circles. ness, apparently were adjusted without further as the changes were accepted quietly and the ordinary routine continued to prevail. Sev¬ eral decrees relating to the Cabinet and the army were pub¬ lished on Feb. 4. One of these relieved Baron Konstantin The differences ado by the German leader, von Neurath of his post Foreign Minister as and trans¬ portfolio to Joachim von Ribbentrop, the Ger¬ man Ambassador to London. But there was created at the same time a Cabinet Council for advising Chancellor Hitler ferred reported on the fol¬ day that Chinese airplanes were headed for the island of Kyushu, southernmost of the principal islands in lowing the Japanese group, Mean¬ but the planes failed to appear. Japan regard¬ ing the costs of the conflict and the eventual end of the military expedition. Early in February opposition was ex¬ pressed in the Diet to the policy of keeping the Japanese people uninformed on real developments. Late in the month the government attempted to force through a measure for complete control of all phases of Japanese economic life, but the bill produced an uproar in the Diet. There were no important incidents affecting other nationals in /a diplo¬ matic sense, but this did not stop the flow of .Japanese apologies. A sort of blanket apology was transmitted to while, increased restlessness was reported in Washington, to cover admittedly State Department in the disgraceful activities of the soldiers who entered Nanking and despoiled that former capital of China. Budgetary estimates of the cost of the China expedition continued to increase in Japan. Rumanian Cabinet political dissension in Rumania were Rumors of growing confirmed, Feb. 10, when the fascist and highly Semitic regime of Premier Octavian Goga resigned, antiand King Carol commissioned the Church Patriarch, Miron Cristea, to form a successor regime. It seems inevitable that any change would bring about a modification of the absurd anti-Jewish campaign instituted by Dr. Goga, and for this and other reasons the developments were viewed satisfaction with indicated Recent reports have brought virtually to in most countries. trade in Rumania that was This reasonable solu¬ tion of the political problem. Dr. Goga, it will be recalled, polled very few votes in the national plebiscite a few months ago. Another election is scheduled for March 2, and it was generally assumed that the Goga regime would be unable to gain the required 40% of the ballots to remain in office, despite some curious changes in the election ma¬ chinery. Any government now formed obviously will be of the stop-gap variety. King Carol virtually assumed the dictatorship of the country when he forced Dr. Goga out of office, and it may well be that the anti-Semitism will not be relaxed entirely, for Patriarch Cristea has voiced anti-Jewish sentiments of late. The new regime is one of personalities, responsible directly to the King. standstill its excesses. and regime Goga the by doubtless increased the pressure for a more Feb. 4, but the real significance of the moves is not yet clear. hensions increased sharply when it was a German Crisis on REVIEW MONTHLY 8 that foreign affairs, and Baron von Neurath was placed at Close associates of Chan¬ cellor Hitler and a number of army leaders will join Baron von Neurath in the Council. The Ambassadors to Austria, Spanish Civil War months of desperate and costly fighting, After nearly two the of General forces insurgent Francisco Franco finally troops out of the the head of that advisory body. succeeded Italy and Japan were recalled at the same time, city of Teruel, which the loyalists took in a surprise attack just before last Christmas. The significance of this move remains to be determined, for it is known that the place and the The army reor¬ ganization was no less startling, for Chancellor Hitler re¬ lieved of their posts both War Minister von Blomberg and Colonel-General Werner von Fritsch, Commander-in-Chief. A dozen other army and air force commanders of highest rank were summarily dismissed, and it developed subse¬ has quently that lesser commanders also were forced to resign "for reasons of health." Chancellor Hitler assumed per¬ south successors sonal and have not yet been announced. direct and this Command The latter is to be equal in rank to a Cabinet and is to be Chancellor The Hitler's personal chief chief command of the army was entrusted of staff. to Colonel-General Hitler's of all German military forces, authority he promptly delegated to a "Supreme of the Armed Forces," headed by General Wil- helm Keitel. Minister, command Walther von Brauchitsch. Chancellor personal favorite, General Goering, was promoted regarded on gain by the insurgents may have more importance on that basis than in a military sense. • Huge armies were locked in the struggle, and the cost in men and materials must have been and throughout February in the north central area of China, where the invading Japanese were struggling to consolidate the northern and central regions conquered since last under the July. direct The Chinese armies of about 400,000 men, command of Generalissimo Chiang Kai- advancing Japanese troops, less with the aim of preventing contact between the separated invading armies than with the idea of making the war costly for the aggressors. The east-west Lunghai Railway formed the base of operations for the shek, fought desperately in the area between the Chinese defenders of their homeland, while Japanese forces attempted to cut the line and make the position untenable. First moves in such directions gave the appearance of easy success for the Japanese, but by the end of February it appeared that bitter resistance was being made and the entire Japanese campaign thus rendered precarious. Gen¬ eral Iwane Matsui and several other high military leaders were of The Chinese, meanwhile, continued methodically \ recalled to success. Japan, possibly because of their lack to prepare still another defense line around Hankow, where a further battle is expected to develop if the Japanese win the Lunghai To nese a indirect on engagement. mild degree the Chinese carried the war into Japa¬ territory, on Feb. 23, by means of an airplane bombing in created were the front which Aragon of the salients Teruel, but these were not of much concern. ended at The insurgents attempted late in February to attack the coast cities that fleet held by the are ordered to was loyalists, and the small Spanish a number of places. To all bombard this resulted unfavorably for the insurgents, loyalists claimed to have driven the ships off by appearances as the Two of the cruisers which comprise the were reported in tow back to Majorca. airplane attacks. main fleet of the insurgents the base on to Both Italy and Germany were reported to have British a Spain plan for the and belligerent rights of this actually will atmosphere thickened loss of 11 lives. General On Feb. 1 the inter¬ because chant ship Endymion was sunk in the a to break the long dead¬ intervention is still uncertain. on national agreed the withdrawal of volunteers from granting Whether Franco. lock developments may have been more impor¬ February than the actual military incidents of the tant in in progress diversions Occasional tremendous. International of recent military history was It was importance. sides, apparently, as a sort of symbol, and the war. One of the largest battles strategic great no both to the rank of Field Marshal. Sino-Japanese War in forcing loyalist Feb. 22 on the British mer¬ Mediterranean with The British Government was aroused by the attack, and a four and number of British warships sped to the Mediterranean to augment the anti-piracy patrol. The French Government quickly agreed to participate in the augmented safeguards, and Italy also came in. A subma¬ rine was responsible for the sinking of the Endymion, and there has been no denial of a loyalist charge that General Franco had received as gifts from Italy an assortment of destroyers latter vessels that submarines. It the British ship, was one of the according to the The British Government warned General Franco loyalists. that it two sank no longer would tolerate attacks on neutral shipping. Steel Trade—Non-Ferrous Metals The steel trade continued operations on recent low pro¬ duction schedules, with prices of steel scrap weaker. negotiations in the steel industry terminated Feb. statement to the effect that the terms expired March 1, 1938, have been Wage 9 in a of the contract that continued, though pro¬ expedition in which 12 ships dropped bombs on important vision has been made for a conference on 10 days' notice military centers of the island of Formosa. Japanese appre-j for the purpose of negotiating changes in the agreement. MONTHLY March, 1938] lowered $4 reaffirmed for the second quarter, with the exception of some adjustments which will iron out the price relationships of sheet mill products closely allied with cold rolled sheets. In its issue of Feb. 24 the "Iron Age" remarked that "clarification of the steel price structure, which many buyers had been awaiting, has not aided business broadly, although a few companies have had the best volume of orders in weeks. Improvement has not been sufficient to raise the steel ingot production rate for the industry as a whole, since some plants have recently been making raw steel in excess of finishing mill requirements. Although some of the in¬ roiled sheets almost simultaneously Cold a were ton, otherwise all present prices have been business of the past creased week emanated from automo¬ bile companies, not much improvement in purchases by that industry is expected immediately, despite rising motor car production, because of inventories that are still excessive. Building construction, usually affected by the approach of the outdoor season, is experiencing no upturn." "Steel" 9 REVIEW tion of unfilled orders to gross highest reported stocks of softwoods was the October. All items except early since stocks in the week ended Feb. 19 were lower than during the corresponding week of 1937. National production reported for the week ended Feb. 19, 1938, by 7% fewer mills was 0.6% below the output (revised figure) of the preceding week; shipments were approxi¬ mately the same, and new orders were 3% above orders for the week ended Feb. 12. In the as Feb. 19, ended week and orders 1938, production, shipments reported by 417 softwood mills were, respec¬ tively, 31%, 40% and 10% below similar items in the corre¬ sponding week of last year. The 1937 week was the second after the close of the marine strike. > 1938, a total of 503 137,201,000 feet of hardwoods and softwoods combined; shipped 154,277,000 feet, and booked orders for 190,468,000 feet. Revised figures (number of feet) for the four preceding weeks follow : During the ended Week Feb. 19, mills produced of Cleveland, in its summary of the iron and steel markets, Feb. 28 stated, in part: "Leading steelmakers report February sales as 20% to 25% above January, immediate shipment generally being specified, indicating reserve stocks are low. Slight improvement in buying of steel is noted by producers, the increase being well spread over various lines, light products predominating." The "Iron Age" composite price of steel scrap declined during the month as follows: On Feb. 8 from $14.00 to $13.02 a gross ton; on Feb. 15 to $13.83, and on Feb. 21 to $13.67. At the close of February of 1937 steel scrap was quoted at $19.92 a gross ton. The "Iron Age" composite prices of finished steel and pig iron continued unchanged at 2.605c. a pound and $23.25 a gross ton, respectively, as compared with 2.330c. for finished steel and $21.25 for pig iron at the close of February of last No. on The operating rate of steel companies having approxi¬ mately 98% of the steel capacity of the industry, according to the American Iron and Steel Institute, was scheduled at 30.4% of capacity for the week beginning Feb. 21 as com¬ pared with 31.0% for the preceding seven-day period, 30.7% for the week beginning Feb. 7,30.5% for the week beginning Jan. 31, and 32.7% for the week beginning Jan. 24. At the close of February, 1937, operations were reported to be at 82.5% of capacity. the rate of As to non-ferrous "Metal and Mineral Markets" reported in substance as follows: Domestic trade in non-ferrous metals was quiet during the week ended Feb. 9, which brought about a reduc¬ tion in prices for both lead and zinc. The copper market during that period was featureless, except for a good de¬ mand abroad, particularly for near-by delivery. Demand for copper during the week ended Feb. 16 remained quiet, metals, during the month under review but there was some improvement in advices from fabricat¬ ing centers; inactive. lead was in fair demand; zinc and tin During the week ended Feb. 23 traders in ferrous metals took constructive view were non- of European and domestic developments; London prices moved steadily upward, particularly in copper, despite the political tur¬ moil; sales of major non-ferrous metals were well above the average active on a more of recent weeks. Feb. 23. Demand for lead turned quite Copper consumers during the earlier hand-to-mouth buying policy, with sales totaling 2,951 tons during the week ended Feb. 9 (as against 3,121 tons in the previous week), and 3,328 tons in the week ended Feb. 16. Copper sales in the domestic market for the week ended Feb. 23 totaled 7,813 tons, the undertone of the market at the close of that period being steady. Lead buying was sustained in greater volume during the last week, with sales totaling 7,726 tons as compared with 3,300 tons in the week ended Feb. 16 and less than 1,000 tons in the week ended Feb. 9. Sales of common grades of zinc for the week that ended Feb. 23 of the month part continued their totaled more than 2,500 tons, while sales of prime western reported by the industry for the week ended Feb. 19 amounted to 1,814 tons. Undelivered contracts for prime as western at Feb. 19 stood at 37,072 tons against 38,181 tons week previous. Sellers of tin experienced improved busi¬ during the week ended Feb. 23 compared with the previous seven-day period. Announcement was made by the a 12 Production Shipments 542 137,962,000 137,339,000 140,151,000 136,072,000 154,184,000 179,228,000 - 540 Feb. 5 Jan. 29 534 Jan. 22 541 — 178,888,000 166,037,000 Received 185,022,000 180,616,000 198,023,000 185,077,000 All regions but Southern Cypress, Northern Hemlock and Northern Hardwood reported orders in excess of production in the week ended Feb. 19, 1938. Western Pine and North¬ ern Pine were the only regions to report shipments above output. All regions reported orders, shipments and pro¬ duction below similar items in the corresponding week of 1937. Hide*, Leather and Footwear The First National Bank of Boston, in its "New year. zinc Feb. Orders of Mm Week Ended ness International Tin Committee on second of capacity. quarter will be 55% Feb. 18 that quotas for the Domestic copper prices held at the 10.00c., Valley, level, which was equiva¬ lent to the lowest price reached in 1937. Lead at New York declined on Feb. 8 from 4.90c. to 4.75c., and on Feb. 10 was England Letter," under date of Feb, 28, comments upon these markets as follows: "Production of spring shoes thus far has averaged about 33% below last the is not run year, and the outlook for the remainder of clear. Heavy leather prices have fallen to low levels for the movement, and hides have declined proportionately. "Shoe production in January is estimated to have totaled less than 25,000,000 pairs. February, with a smaller num¬ ber of working days, is not expected by the trade to show an appreciable increase, although many of the old-established producers are running at full capacity. Retail sales of footwear held up satisfactorily through the year-end and stocks in the hands of distributors were reduced to approxi¬ mately the level of a year before. Sales in January, how¬ ever, declined sharply, and February has shown little im¬ provement. Moderate quantities of women's colored shoes are being purchased to dress up present stocks, it being the trade's intention to promote spring models before switching to summer shoes. Factories have just recently begun to new almost white cut leather, whereas last year they made summer models along with spring shoes as early as December. delay is attributed to a This general unwillingness to make com¬ mitments beyond urgent requirements, and to the existence of moderate carryover of white shoes from last summer a when overproduction was in evidence. "The seasonal demand for colored calf leather has sus¬ tained prices close to the January level, and some tanners are being forced to capacity to make prompt delivery on these special styles. This call for side leather has recently spread to heavier grades for men's shoes. Patent leather also has shown some improvement, whereas kid and suede quiet. are "Sole leather has reflected more Clearly the general de¬ production, and tanners in this line continue about 35% curtailed. Many orders have been filled from inventory, and prices, which are mostly nominal, have fallen to the lowest level since early 1935. From the shoe manufacturers' viewpoint, the rapid decline in heavy leather cline in shoe prices is encouraging, since it is paving the way toward a resumption of profitable operations where volume produc¬ tion be booked. can "While total stocks of hides supply usual are not abnormally large, the be concentrated more heavily than packer hands. Prices dropped precipitately on a continues in to moderate volume of trading from 11c. for light native cows in early lowest January to 8c. in level in nearly tyie first week of February, the three years. The domestic futures exchange as well as the spot market in Buenos Aires fol¬ further reduced to 4.50c., or to the lowest price since 1985. Zinc at New York on Feb. 8 was lowered 25 points, or from lowed 5.35c. days, in response to 'President Roosevelt's comments on com¬ modity prices, and packers lifted their quotations on actual to 5.10c., the lowest quotation for this metal since Sept. 17, 1935, when it was priced at 4.97%c. Tin at New York moved irregularly up and down during the month and closed on Feb. 28 at 42.12%c. as compared with 40.50c. at Jan, 31 last somewhat parallel course. hides. The lumber industry during the week ended Feb. 19, 1938, 41% of the 1929 weekly average of production and 47% of average 1929 shipments, according to reports to the stood at National Lumber Manufacturers Association from regional associations covering the operations of important hardwood and softwood mills. Production was about 48% and ship¬ 53% of the corresponding week of 1929. Rela¬ At the middle of the The Buenos Aires market also improved on a good volume of European buying." Grain* — Lumber Movement ments about a month, however, the exchange rebounded a full cent in two Domestic wheat prices fluctuated more or less erratically and within narrow limits during the past month. A small forward movement was followed by a reaction and subse¬ steadiness. Despite a slow export demand, prices forlvheat displayed an undercurrent of strength during the quent early part of the month. This was attributed to unfavor¬ in the winter wheat belt which indicated that crop progress was becoming an increasingly able growing conditions MONTHLY 10 factor important The movements. price determining in in large areas in the Southwest was confronted with the threat of severe damage by drought. While it was ad¬ crop mittedly too early to indulge in "crop killing" predictions, the fact remained that moisture developments had furnished evidence that yields in many sufficient would likely be less than average. important sections These areas comprised the Texas and Oklahoma Panhandles, western Kansas and Nebraska, and eastern Colorado. Buying was also stimu¬ lated by talk of inflation and efforts on the part of the Federal Administration to bring about a higher price level for many commodities. Subsequently, reports of good moisture over wide areas prices reacted. However, in the dry areas of the Southwest and continued indifference of export demand, offerings were well absorbed and prices again became steady. Buying was in evidence on all recessions, and this buying generally was attributed to the steadiness in all commodities, as well as the better tone of securities. The lower level of prices also resulted in a better demand for export account, and it was predicted in some quarters that the export demand for United States wheat would improve during the next few months. It was pointed out that ex¬ portable supplies of Canadian wheat were gradually becom¬ ing exhausted, making it a foregone conclusion that im¬ porters will have to turn to the purchase of United States hard winter wheat in increasing volume. According to reliable statistical authorities, no country appears to have a burdensome surplus this season, with the exception of the United States, and the latter is expected to carry over about 200,000,000 bushels against 91,000,000 bushels at the end of the 1937-38 season. This extra 109,000,000 bushels is expected generally to be about the entire surplus to be beneficial moisture the carried over current season. into world the carryover the at of end the The latter is expected to aggregate around 625,000,000 bushels, the smallest in some years with the exception of last season. The farm bill became a law, but no one appeared to have the temerity to express an opinion its to as the trend throughout steady effect ultimate followed of 30; 10%@10^c. Oct. 30 (Oct. 31 was a Sunday), the 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, and 10y2@10%c. Jan. 30. No. 7 Rio was quoted on Feb. 28 at 5%c., the same as Nov. same the on wheat, Corn market. and rye while oats held generally In regard to corn, while the month. Oct. 30 as May 29; 9%c. April 30; 9%c. March 31; 9%c. Feb. 27, and 9%c. Jan. 30. Rubber an In view of the poor crop in the it ever, was expected that this country Argentine, how¬ would be called furnish corn for export during the remainder of year. In Chicago the May option for wheat Feb. 28 at 93%c. as against an opening price of 93 %c. on Feb. 1. At Winnipeg the May wheat option closed at 127%c. as against an opening of 125% c. on Feb. 1. upon to the current closed on May corn with an 31c. Feb. 28 at 59c. on Feb. 1. on compared May oats closed at compared with an opening of 31%c. closed at 74%c. rye on as in Chicago closed opening of 58%c. compared with as an Feb. 1. May opening of 73%c. on Feb. 1. Sugar The sugar "futures" market ruled generally quiet during the past month, and while temporary rallies occurred at times, the trend of prices slightly downward. The for the speculative neglect of this market was the reason was fact that domestic sugar has been controlled most effectively under the quota system. Furthermore, settlement of the stevedores' strike in Puerto Rico assured heavy shipments from that island to the United States, which had a tendency to curtail speculative buying. According to reports, grind¬ ing is well under way in Cuba, said to be some mills are delaying their operations because of unsatisfac¬ tory sugar content of the raw although Demand from refiners for cane. quiet, while withdrawals of refined sugars was likewise rather poor. oped around the middle of the month President were A flurry of bullish enthusiasm devel¬ Roosevelt's desire on the theory that for moderately higher com¬ easily achieved in domestic modity prices could be most sugar because of the quota control, but this enthusiasm was quenched when the President later stated that there would be no change in the Administration's Sales of Cuban raw sugars policy. during the month consisted of sugar the following, all c. & f. exclusive of duty: On Feb. 1, prompt shipment at 2.28c., and February shipment at 2.27c.; on Feb. 2, prompt shipment at 2.25c.; on Feb. 7, prompt shipment at 2.27c., and Feb. 24, May shipment at 2.25c. The wholesale list price for refined, immediate delivery, quoted from 4.65c. to 4.75c. throughout the month. was Coffee to offerings, and the outlook Brazil and the more fore, inclined were would come to to Reports an increased competing producers. liberal supplies are requirements. for was coffee from the interior of Brazil and shipments Shipments of gradually increasing, in prospect. Roasters, there¬ confine that are their coffee purchases producing to actual countries agreement which would result in stabiliz¬ ing prices above current levels were received with skepticism in the local market. No. 7 Santos c. Jan. was 31, the on same were of general business activities as state United of reticence of excess an factories tire by another mild the continued low reflected in the pro¬ however, Main depressing factors nounced and followed, developed, reaction. enter to to this Kingdom and the market, afloat both to the The firmer trend consignment rubber country. prevailing during the second half of the month was due, firstly, to reports from abroad stating that the Interna¬ tional Rubber Regulation Committee had virtually ap¬ the plan for continuation of the control scheme years, and secondly, to the better tone in other proved five for commodity markets engendered by the statement of Presi¬ dent Roosevelt with regard to attaining a better balance of prices. Slightly improved reports coming from the auto¬ stressing the somewhat better demand for used cars, also served to support prices. In the closing days of the month sentiment was adversely affected by the renewed withdrawal of factory buying, and also by the mobile industry, and Malayan census figures for January showing a sharp in¬ crease in stocks notwithstanding a sizable decline in pro¬ duction. Ribbed smoked sheets for delivery were quoted at 14%c. asked Jan. 31; 14%c. asked Dec. 31; 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; 20%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. 14%c. spot 28 against asked Feb. Textiles The textile directions trades signs of continued inactive, impending an although in moderate some seasonal im¬ Retail business remained dis¬ appointing in most sections. Slackening industrial activi¬ ties and materially reduced payrolls retarded consumer buying, particularly in the industrial areas of the country, with adverse weather conditions furnishing a contributing factor in affecting the volume of sales. In certain agricul¬ provement were in evidence. tural sections business held up fairly well during the first part of the month, but later in the period less satisfactory reports were received from those districts. Numerous pro¬ motional efforts accompanied by drastic downward revisions in prices served to somewhat counteract adverse basic fac¬ tors, although the response of the buying public to these promotions did not continued trade up to expectations. Wholesale disappointing showing, reflecting in come its growing measure the cautious attitude of retail merchants. While price reductions for a number of staple items stimu¬ replenishment purchases, the total volume of business showed large losses as compared with last year's figures. However, with the inventory position in better shape, a moderate improvement in trading is looked for, once general lated business conditions show in February followed turn for the better. a Raw cotton gradually rising trend, virtually throughout the entire month, with prices reaching the high¬ est levels since the early part of last September. Chief causes for the upward movement were the final enactment of the farm new a bill and the statement of the Chief Ex¬ ecutive forecasting renewed efforts to raise the level of commodity prices in general. Although the current state of domestic continues the new and ment to well as leave to as foreign much to consumption of the staple desired, the provisions of sharp curtailment in acreage be farm Act aiming at a production, and also designed to impound the loan induce abroad. stocks of cotton for considerable While an govern¬ extended period, served buying both here and speculative conservative quarters remained somewhat skeptical regarding the permanent efficacy of the present governmental measures, it was generally admitted that, being, considerable influence must be attached for the time to these particularly if viewed in conjunction with of the Administration to bring about a "balanced price structure," generally interpreted as por¬ tending determined measures to raise the level of prices, steps, notably for advance Feb. 28 Feb. 28 at 8%@9c. as on Dec. 31; against 7%@7%c. agricultural products. Spot cotton here in 8.51c., Feb. 1. From that point a gradual carried the quotation to 9.37c., Feb. 23, and on New York was the price stood at 9.27c. benefited to raw a the Business in gray cloths moderate extent from the better tone of the On market. cotton ceeded current several occasions sales far ex¬ curtailed production, but no sustained buying movement developed, largely in view of the con¬ tinued slow absorption of finished goods in distributive channels. quoted Later in the month a moderate upward irregular trend. movement the outspoken intent Only moderate activity prevailed in the market for coffee "futures" during the past month. While there were sporadic rallies, prices ended lower. Roasters showed indifference from early in the period under review followed rubber Crude receipts from the country were relatively small considering the size of the crop, there was a falling off in the export demand. 31, against 6%c. Dec. 31, the same as on Nov. 30; 9c. (Oct. 31 was ,a Sunday); 9%c. Sept. 30, the same on Aug. 31; 9%c. July 31, the same as on June 30; 9%c. Jan. of the winter wheat belt prompted scattered liquidation under which despite REVIEW were Print quoted at cloths 3%c. changed from Jan. 31. at Fall River throughout for the 28-inch month, 64x60's and un¬ The price of 27-inch cloth, 64x60's, MONTHLY March, 1938] REVIEW in the far stood of the Central Committee of California Oil Producers. unchanged at 394c., and Osnaburgs on Feb. 28 6%c., the same as Jan. 31. The report of the Census Bureau, Issued Feb. 14, and covering the month of January, continued to show sharp losses in the United States consumption of the staple as compared with last year. The amount consumed in January was given as 434,749 bales of lint and 44,892 bales of linters, compared with 433,058 bales of lint and 46,462 bales of linters in December, 1937, but 678,786 bales of lint and 62,959 bales of linters during January, 1937, / The woolen goods market had a spotty appearance. In¬ terest in men's wear fabrics continued at rather low levels, at clothing manufacturers, influenced by slow retail sales, extending their purchases beyond immedi¬ as refrained from Business in women's wear fabrics, on ate requirements. the other hand, remained fairly active and, fortified by a substantial accumulation of unfilled orders, a num¬ rather proceeded to increase production schedules in ber of mills this division. Japanese double extra 13-15 deniers were quoted Feb. 28 $1.65@$1.70 against $1.65@$1.70 Jan. 31; $1.50@$1.55 Dec. 31; $1.55@$1.60 Nov. 30; $1.71@$1.76 Oct. 30 (Oct. 31 at Sunday); $1.86@$1.91 Sept. 30; $1.85@$1.90 Aug. 31; $1.82@$1.87 July 31; $1.89@$1.94 June 30; $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. 30, In the case of the 20-22 deniers Japanese crack double extra were quoted at $1.59@$1.64 Feb. 28 against $1.48@ $1.53 Jan. 31, the same as on Dec. 31, against $1.49@$1.54 Nov. 30; $1.59@$1.64 Oct. 30 (Oct. 31 was a Sunday); $1.62@$1.67 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. was a Petroleum and /(« Product* The all Texas oil fields, which 27, saw daily average crude oil production slide off to the lowest levels in nearly a year, to furnish the most interesting development in the domestic oil picture during February. The initial week of February witnessed a dip in the daily average output of crude oil to 3,316,000 barrels—the lowest in nearly a year—and despite the fact that production shut-down Sunday remained showed of effect until Feb. in some broadening in the remaining weeks of the month, the daily average held far below the total recom¬ mended by the United States Bureau of Mines. saw the Oklahoma Corporation Commission Mid-month back the action of the Texas Railroad up Commission in paring production in an effort to bolster the Nation's crude oil price structure, ordering a reduction in the daily allow¬ able Oklahoma for of barrels to 500,000 barrels, the Oklahoma quota some 70,000 barrels below the total suggested for that State by the Bureau of Mines. The monthly forecast of probable market demand issued by the Bureau of Mines late in February put the estimated March daily average demand for crude oil at 3,391,000 barrels. The new total is 46,000 barrels less than the retroactive Feb. to 1. 35,000 This brought national quota suggested for the month just closed, and is 51,100 barrels under the total recommended by the Federal agency in March of 1937. allowables Lower were with Texas's share of recommended California Oklahoma, winning Louisiana held unchanged while Kansas increase. for Texas a slight was given the national crude and increase. a oil nominal market forecast at 1,344,900 barrels, against its February total 1,365,700 barrels and the current State quota of 1,405,240 was of Bureau of Mines estimated requirements daily average crude oil (in barrels) by States as follows: March March February February 1,844.900 1,365.700 Arkansas.......... 38,200 36,800 694.600 693,700 Illinois 30,700 29,900 547,700 669,700 Kentucky 13,900 14,500 239,400 239,400 New York 13,800 14,000 176,700 176,400 Montana 13,300 12.400 105,100 105,100 West Virginia 9,700 10,000 51,600 9,100 9,000 62,800 Ohio 49,700 50,400 Colorado 4,600 4,400 46,400 51,800 Indiana 2,300 2,200 Texas California Oklahoma Louisiana Kansas.New Mexico Michigan .......... Pennsylvania. Wyoming ... March ....... production allowable orders issued by the Texas Railroad Commission late in the month put the new quota at 1,300,506 barrels, which is 109,354 barrels daily under the Bureau's recommendation for the month and nearly 405,000 barrels less than the February order. Of the total daily allowable production, 55,970 barrels will be exported it was pointed out The Commission gave no indication as to whether or not the Sunday shut-down would be continued throughout March. It indicated, however, that any decision of this nature would wait upon the action of the other major oil producing States. Oklahoma had not acted by the end of February to set its March allowable, but it was thought that the Corporation Commission there would continue its support of the market by keeping output down to market was demand. After of the excess petroleum at the close of 421,000 barrels over the previous period to 301,915,000 barrels, the Bureau of Mines reported late in the month. This compared with 303,679,000 barrels held on Jan. 15 last, indicating that the full effects of the lower production of crude in the major oil producing areas in the Nation were yet to be felt in the crude oil holdings Stocks of domestic and foreign the Feb. 12 week were up a as whole. Proven new petroleum resources of the United States hit a high as of Jan. 1 last, at 15,507,268,000 barrels, accord¬ report filed with the American Petroleum Institute on Petroleum Reserves. The estimate makes no allowance for possible reserves in untested areas, the report pointed out, representing only the amount of crude oil which may be extracted by present known meth¬ ods from fields now completely developed or drilled, or sufficiently drilled and explored to permit of reasonably accurate calculations. The new high represents a gain of 2,443,868,000 barrels over the total reported by the com¬ mittee for the corresponding 1937 date, and is more than 3,330,000,000 barrels in excess of the estimate on reserves as of Jan. 1, 1935. "We realize that your report concerns only those reserves which are proven, or definitely known, and does not take ing to a its Committee by into consideration the millions of the acres dipping sharply in the Feb. 5 period, in reflection decline in domestic crude oil production, weekly of domestic and foreign crude showed an upturn during the Feb. 12 period—latest reported by the Bureau of Mines—when a sudden jump in stocks held in California offset declines in other areas and in holdings of foreign crude oil. California has been producting crude at a rate stocks additional of land as reserves available from yet untested, but regarded favorable from the geological standpoint for the accumu¬ congratulatory letter from Axtell J. Byles, President of the Institute, to the committee, stated. "How¬ ever, your estimate truly is indicative of the vast extent of this Nation's assured supply of petroleum and its prod¬ ucts, and both the Nation and the industry should be grate¬ ful, not only for your work, but for this reliable assurance of an abundance of supply. "It might be advisable for refinery experts to survey and report upon the contribution to abundance of supply from the improvements in refining technique whereby greater and growing proportions of useful products are extracted from a given quantity of crude oil, and the volume of raw material needed to accomplish a given amount of work correspondingly is reduced. We believe that an equally accurate and exhaustive survey in this field will give equally definite assurance that there is no logical basis for a scare as lation of oil," a of scarcity." Not only did the Nation's proven reserves of petroleum high during 1937, but production and use of petroleum products also soared into record-breaking heights, according to official reports issued during Febru¬ ary. Shipments of American crude oil in the export mar¬ ket during 1937 spurted 30% to 67,686,000 barrels, with the hit a new rise in demand from the Far East playing a major part in this improvement. An increase of line lifted the total to 37,974,000 31% in exports of gaso¬ barrels, while gas and 21% to 45,238,000 barrels. Do¬ mestic production of crude oil during 1937 was up 16% to 1,277,653,000 barrels. Domestic, consumption of gasoline touched a new peak, rising 8% over the previous record set in 1936 to a high of 518,760,000 barrels. Gas and fuel oil consumption set a new high at 441,814,000 barrels, up 7%. In the legislative field, the oil industry learned of an¬ other probe of its practices when it was disclosed in midmonth that the Department of Justice was investigating charges that major companies were "manipulating" prices fuel oil shipments gained of crude oil in the East Texas field in violation of Federal anti-trust statutes. barrels. The of recommended totals remained The Federal Bureau of Investigation, the request of the Department of Justice, now has agents in the field making the investigation. on First reports from the Capital indicated that the Depart¬ of Justice is engaged only in a preliminary survey ment to determine the accuracy of complaints made by the inde¬ pendent refiners that the major companies have been sell¬ ing crude oil to each other and to company-affiliated refin¬ ers at a lower price than to independent refiners. W. B. Watson Synder, a special assistant to Attorney General Cummings, is in charge of the probe, under the direct super¬ vision of Assistant Attorney General Robert H. Jackson, division head. It also was indicated that the investigation will be confined to the East Texas field. Off-the-record however, was comments of many that the independent East Texas refiners oil were men, able to obtain all the crude oil they needed, but that they couldn't pay the current price for crude and show any profit in the face of the declining tendency of the Nation's bulk gasoline price structure. With current stocks of motor fuel at an all-time high and the seasonal spurt in consumption about a month away, it is likely that further pressure upon gasoline prices will be felt, with a corresponding upon the national crude oil price structure. From Washington came the news pressure late in February that Representative John M. (Coffee, of the Sixth Congressional District of Washington, had introduced a bill before the House of Representatives asking for the repeal of the Connally hot-oil measure on the grounds that it tended to aid the major companies to set up monopolistic agreements. California came the news that Governor Merriam tentatively had set March 7 for the special session of the From Legislature, and that oil legislation was first on the agenda. From Mexico there was no official decision upon the fight \ 12 MONTHLY between the major the month closed oil companies and the unions, although a fighting note as representatives of on foreign oil companies criticized leading Mexican labor lead¬ ers for forecasting that the {Supreme Court would find hi favor of the unions. There In stant to were march of stocks of all-time record new contra-seasonal posted during February. branch of the industry, the con¬ finished and unfinished gasoline highs shared interest only with the expansion stocks of gas and fuel oil which became evident during the final part of February. Stocks of gasoline on Feb. 19 week—latest to be reported by American the barrels, a barrels Petroleum record new than more was Institute—were high barrels. of the The held at the mild Nation cut try sets in. gold fund amounted to $1,223,249,465. Secretary Morgenthau announced on Feb. 3, following year ago. winter which demand for fuel has oil ruled far over below the now brought liquidation into the markets. whether it or until spread will general a Whether reduction the move¬ inevitable, is be corrected when the spring expansion in consumption of motor fuel is felt in the markets is problematical. Weakness in fuel oil prices is customary the as ahead spring of Full the approaches, normal effects of but this it year has developed time. the weakening of the wholesale gasoline forcibly shown in the East Texas field during February, when the sixth refinery eligible to ship products in interstate commerce was forced to close its price structure doors. Oo. was was The Longview plant of the Danciger Oil & Refining the sixth refinery to close since Dec. 15. Representative price changes, showing the trend of refined products markets, follow: the Nation's Feb. to 7 cents a for, 65-octane gasoline, refinery, were reported gallon, from 6% to 7 cents a gallon in New York Harbor. Feb. $200,000,000 FEBRUARY FINANCING to once the at taxes TREASURY the quarter date. on Feb. 10 for appropriation of $250,000,000 for the relief of the unemployed, the announce¬ ment by Secretary of the Treasury Henry Morgenthau Jr. Feb. on 14 that $100,000,000 additions quarter a resumption by the Treasury of sales of Also extra an deserving to the would gold be not on an stock of and is the the final day of the month $50,000,000 of discount bills each of mention than less sterilized, the fact week. sales of month bonds into shorter-term issues so tive Bankhead, not request, in these since in January the were offered would as to hold back the its a outlay relief. on The available at the beginning of the year, the President stated, permit employment of an average of only 1,700,000 persons for the six months ending next June 30, whereas the number of the Works Progress Administration rolls cur¬ rently was 1,950,000. "This estimate of $250,000,000," he "will permit the continued employment next five months of the number now on such provide reasonable a measure for maturity value of sales in January was $133,000,000, $3,000,000 more than in January, 1937. Up to sales of the baby bonds since March, 1935, amounted to $1,501,000,000 maturity value, of which $635,419,200 were sold in 1937. 31 total Jan. Secretary Morgenthau stated at his 28 that the Treasury would not Feb. March 15. would on mittee He said that ceeds bills, of relief for those who have Feb. 10 that the on would not $250,000,000 appropriation for relief require immediate financing operations by the government. In ury Feb. an the meet 4 the issue of new Administration farm bill became law on Feb. 16 with the affixing of President Roosevelt's signature. The bill provides for the allotment of $440,000,000 for soil con¬ servation. With the exception of the provision for "parity" payments, the President said in a statement on Feb. 16, the farm bill does not entail any greater annual cost than the sum authorized under the Soil Conservation and Domes¬ new Allotment increase such Act. ^Parity payments," he added, the present authorized cost, and in "would order to make payments, it would be necessary to provide additional revenue While needed the increase the to finance them." $250,000,000 appropriation Treasury's need for cash, the policy will tend to conserve the on for some the in this article, would be suf¬ Treasury's needs. Federal Intermediate Credit Bank System $31,500,000 of 1%% consolidated debentures at a slight premium over par value, of which total $7,000,000 will mature in five months and $24,500,000 in nine months. The securities dated Feb. 15, on which day were $26,950,000 leaving $187,000,000 outstanding. Treasury bills sold on a discount basis are given in the following tables: of the debentures matured, The details of Bills Bills Offered Dated Amount of Mature , Jan. 27 1938 2 1938 Feb. May 91 days 91 days 4 1938 Subscrip¬ Offering tions $50,000,000 $184,593,000 50,000,000 150,294,000 Feb. 3 1938 10 1938 Feb. 16 1938 May 18 1938 91 days 50,000,000 Feb. 15 1938 Feb. 23 1938 May 25 1938 Feb. 24 1938 Mar. 2 1938 June 1 1938 91 days 91 days Feb. 24 1938 Mar. 2 1938 June 16 1938 106 days 50.000,000 50,000,000 50,000,000 Feb. 9 1938 May 11 1938 for new relief 146,823,000 141.485,000 230,782,000 160,894.000 To Redeem Bills Subscrip¬ Offered tions Jan. 27 1938 Amount Average Accepted 1 Price Yield 99.979 0.084% 0.080% 0.078% Feb. 15 1938 $184,593,000 150,294,000 146,823,000 141,485,000 50,276,000 99.977 Feb. 24 1938 230,782,000 50,137,000 99.978 Feb. 24 1938 160,894.000 50,042,000 Feb. 3 1938 Feb. 10 1938 would gold steriliza¬ Treasury's cash. Mr. $50,060,000 50,144,000 99.980 50,063,000 99.980 Maturing of— Issue 0.092% 0.086% 0.058% 99.983 NEW SECURITY ISSUES $50,014,000 50,027,000 50,044,000 50,019,000 j 50,030,000 IN FEBRUARY New financing in the domestic market for the month of February, while very light in volume, showed moderate improvement over dearth of issues coming into the market emphasizes the the part of business and new reluctance any on the total emissions for January. The industry to initiate project of importance at this time due to present un¬ The most prominent issue of size to enter the certainties. market in telling of the financial obligations laid on the Treas¬ by the legislative arm, it is necessary to point out that the conference form of exchange securi¬ 3% notes falling due on that details of the financing would be worked be issued referred to previously On press raise any new money March 3 when he conferred with the Executive Com¬ of the Federal Open Market Committee. The pro¬ of the baby bond sales and the issues of new money the rolls, and will recently become unemployed and are in need." The indica¬ tion thus given that the burdens which the Treasury would have to bear were increasing did not cause the market for Treasury issues to falter. In fact, Secretary Morgenthau said any The funds would declared, 1935. Feb. letter to Representa¬ for a $250,000,000 relief appropriation did increase largest for in March, catch tration tion bonds they were first about or the market unawares. With the sharp rise in unemployment since business began to turn downward last fall, it had been inevitable for some time that the Adminis¬ tic It was stated at the Treasury that, owing to the advance in the longer-dated obligations. President Roosevelt's mature total continued strength of the government securities market, the Federal Reserve banks shifted out more of their Treas¬ ury will The sale of United States savings bonds—the so-called baby bonds—continues to be an important source of cash for the Treasury. The Treasury announced on Feb. 6 that sold of realized be bills depend on the March 15 income tax collec¬ Treasury has $455,175,000 of 3% notes falling due on March 15 and $450,000,000 of special tax date bills maturing immediately thereafter. by President Roosevelt record would extra The tions. ficient to the cash The bill sales would out STATES of bills. $50,- that the amount of money that would be realized from the date and that the UNITED of additional an He indicated that from 15, and their maturity will restore at money market the sums collected in income not more THE System, that the Treas¬ offer to a ofjhe Open Market directly after June Treasury financing in February three developments stood out prominently, namely: the request In sale ties OF begin $300,000,000 to the and tank H-cent a gallon cut in tank and tank wagon prices of gasoline in Virginia, effective Feb. 23. 28 000,000 of discount bills every week. car J^c. in Arkansas, effective Feb. 15. Federal Reserve Feb. on in Tennessee and Louisiana and Feb. 21—Standard of New Jersey posted a car of the would ury on 14—Standard of Louisiana posted reductions in tank wagon gasoline prices up to than Committee 8—Tank-car prices cut to At the time of the announcement the inactive meeting with the Executive Committee through Weakness in both gasoline and gas and fuel oil prices— both in the bulk and retail markets—became evident during the month as the pressure of constantly expanding stocks will Thus the Treasury's work¬ balance will not be eaten into by gold purchases unless another large import movement of gold to this coun¬ ing cash 89,774,000 a expectations, and the resulting overproduction being shown in the rising trend of stocks. ment with the Federal Reserve banks. 15,000,000 time same early is 1936, by beginning again to reimburse itself for its outlay buying newly-mined, scrap and imported gold up to $100,000,000 every three months by depositing gold certificates in at Stocks of gas and fuel oils showed contra-seasonal gains two consecutive weeks, and on Feb. 19 stood at 119,- most In other words, the Treasury has eased the gold policy that had been in effect since Dec. 22, sterilization approximately and for 948,000 Morgentliau's announcement of Feb. 14 set forth that "gold acquired by the mints and assay offices after Jan. 1, 1938, will be included in the inactive gold account only to the extent that such acquisitions in any quarter exceed $100,- 000,000." crude oil prices no refined products the EEYIEW February Appalachian was Electric the Power $67,000,000 offering of the Co. Two other companies which disposed of their securities during the month, through private sale to banks and insurance companies, were the New England Telephone & Telegraph Corp., the amount being $20,000,000, and the Pacific Gas & Electric Co., total¬ ing $15,000,000. In addition, the United States Steel Corp. on Feb. 1 announced that it had obtained loans from New York, Chicago and Pittsburgh banks aggregating$50,000,000 and maturing in one, two and three years. Below we give the larger offerings in February: PUBLIC UTILITY FINANCING 15,000,000 Pacific Gas & Electric Co.—The company has sold privately $15,000,000 1st & ref. mtge. 3bonds, series I, due in 1966. The bonds were disposed of at private sale insurance companies and issue is to one bank. to a group of fire The purpose of the new replenish working capital and provide additional funds for construction purposes. $67,000)000 Appalachian Electric Power Co.—Bonbright & Co., Inc., on Feb. 2 headed a nation-wide underwriting group of 60 in¬ vestment houses offering an aggregate of $67,000,000 bonds and debentures of the company, consisting of $67,000,000 first mortgage bonds, 4% series due 1963, and $10,000,000 sinking fund debentures, 4H% series due 1948. The bonds were priced at 9854 and the debentures at 10054, exclusive of ac¬ crued interest. also from individuals and banks in various parts of the country. The sale of the $10,000,000 of 454% sinking fund debentures had been slower, due to the fact that major efforts were con¬ centrated on the sale of the bonds, but the bankers announced Feb. 3 that subscription books on the debenture issue had been closed, the issue having been oversubscribed. 20,000,000 New England Telephone & Telegraph Corp.—The private sale of $20,000,000 first mortgage 354% bonds, due Feb. 1, 1968, at par to seven insurance companies was announced Feb, 1 by the company. The new $20,000,000 bond issue will increase the company's funded debt to $95,000,000. There are outstanding at present $35,000,000 first mortgage 5% bonds, series A, due June 1, 1952, and $40,000,000 first mort¬ gage 454% bonds, series B, due May 1, 1961. It is believed that proceeds of the new financing will be used to pay off part all of advances from the American Telephone & Telegraph Co., which stood at $17,800,000 on Dec. 31, 1937. was Corp.—Additional dividend of 70c. paid on a share on the common stock An interim dividend of 30c. was paid on Jan. 3, last. Feb. 28. Maryland Fund, Inc.—Extra distribution of 254c. a semi-private sale by a syndicate under the joint management of John Nuveen & Co., and A. O. Allyn & Co., Inc., both of Chicago. The bankers paid a price of par for $23,788,000 as 354s, due semi-annually from 1938 to 1949, incl., and $9,900,000 354s» maturing in six month intervals 1949 to 1958, incl. A nation-wide banking syndicate participated in the marketing of the obligations, with the 354s being priced to yield from 0.50% to 3.05%, according to maturity, and the 354s on a basis or from 3.10% to 3,25%. The bonds are not subject to call prior to redemption and are part of a total authorization of $60,000,000. Of the amount currently sold, about $21,217,000 were issued to provide for the redemption of a like amount of highway securities pre¬ viously issued and outstanding. The State has already an¬ nounced its intention to redeem the original debt on April 1, from 5,000,000 Louisiana (State of) highway bonds, comprising $2,791,000 4s due from 1942 to 1956, incl., and $2,209,000 354s. maturing from 1957 to 1961, incl., were awarded to a group headed by Lazard Freres & Co., New York, at 100.012, a net interest cost of about 3.72%. In the reoffering, the 4s were priced to yield from 2.50% to 3.70% and the 354s to return the investor 3.65%, 1,600,000 Duval County Road District No. 1, Texas, 5% road bonds were purchased by the Mercantile Commerce Hank & Trust Co., of St. Louis, and associates. 1,203,000 New York, N. Y., 4% rapid transit subway bonds, due $500,000 in 1957 and $703,000 in 1958, were purchased by Barr Bros. & Co., Inc., New York, at a price of 121.159. The bankers made no formal reoffering of these bonds, which, incidentally, were included in the total of $3,6372800 awarded by the Reconstruction Finance Corporation on Feb. 10. 1,031,000 Maryland (State of) 2% certificates of indebtedness, matur¬ ing from 1941 to 1953, incl., were awarded to an account headed by Goldman, Sachs & Co. of New York at 101.30, a basis of about 1.89%. Reoffered to yield from 1.10% to 2%, accord¬ ing to maturity. i CHANCES IN FEBRUARY Ohio State Life Insurance Co.—Extra dividend of 20c. divided the into two sections, namely "Favorable Changes" "Unfavorable Changes," gives the more important of changes: FAVORABLE CHANGES American Lace Mfg. Co.—Special dividend of 50c. a share on the no par common stock was paid on Feb. 8. This compares with a dividend of 25c. distributed on July 20 last. Asbestos Corp., Ltd.—Initial quarterly dividend of 50c. a share and an extra dividend of 50c. a share on the common stock, both payable Mar. 31. Brookline Oil Co.—Dividend on the $1 par common 1 cent a share to 2 cents a share on Feb. 15. stock increased from Budd Wheel Co.—Participating dividend of 25c. a share and a regular quarterly dividend of $1.75 a share on the 1st pref. stock, both payable March 31. ' Bunte Brothers—Dividend on the common stock increased from 50c. a share to $1 a share, payable Feb. 21. Canadian Pacific Ry.—Dividend of 2% on the 4% non-cum. pref. stock, par £1, payable April 1. A dividend of 1% was paid on the latter being the first dividend paid since Oct. 1,1932. April 1, 1937, Chickasha Cotton Oil Co.—Special dividend of 50c. a share on the com¬ mon stock, payable March 1. This will be the first dividend paid since July 1, 1936, when a regular quarterly special dividend of like amount was distributed, Churngold Corp.—Dividend share to 20c. a share, Cosmos lar on the capital stock increased from 15c. a payable March 30. Imperial Mills, Ltd.—Extra dividend of 25c. a share and a regu¬ quarterly dividend of like amount, on the no par common stock, both payable Feb. 15. Crowley, Milner & Co.—Initial dividend of $6 a share on the 6% noncum. pref. stock was paid on Jan. 20 last. De Havilland Aircraft Co., Ltd.—Extra dividend of 254% &nd a final registered stock, both payable to holders dividend of 10% on the ordinary of record Jan. 19. Dr. Pepper Co.—Directors declared four dividends of 25c. a share each on no par common stock, payable the first day of March, June, Sept. and Dec. Previously, regular quarterly dividends of 20c. a share were the distributed. Kodak Co.—Dividend on the no par common stock reduced from $2 a share to $1.50 a share, payable April 1. Gatineau Power Co.—Initial dividend of $1.25 a share on the new 5% preferred stock, payable April 1. (James) Hanley Co.—Initial dividend of 8754c. a share on the 7% pref. stock, payable March 1. Imperial Paper & Color Corp.—Dividend on the $25 par, common stock increased from 50c. a share to 75c. a share, payable April 1. International Products Corp.—Dividend of $6 a share on the 6% cumul. preferred stock, par $100, payable Feb. 15. This dividend clears up all accruals on the preferred stock. 4 Eastman on a a share in addi¬ tion to the regular quarterly dividend of 25c. a share on the $10 par, common stock; both were paid on Feb. 1, last. Ontario Mfg. Co.—Dividend on the no par common stock increased from 25c. a share to 50c. a share, payable April 1. Penick & Ford, Ltd.—Dividend on the no par common stock increased from 25c. a share to 50c. a share, payable March 15. , Sheep Creek Gold Mines, Ltd.—Extra dividend of 1 cent a share and a quarterly of 3 cents a share on the common stock, both payable April 13, Previously regular quarterly dividends of 2 cents a share were distributed, Sioux City Stock Yards Co.—Dividend of 37He. a share was paid Feb. 15 the common stock. on A regular quarterly of like amount was paid on May 15 last. Southeastern Greyhound Lines—Initial dividend of 30c. a share on the 6% non-cum. pref. stock, par $20, payable March 1. Union Premier Food Stores, Inc.—Common stock placed on a $1 annual basis with declaration of the first regular quarterly dividend Three cash dividends of 20c. each share, payaole April 1. 1937. of 25c. were a paid in Line, Inc.—Initial semi-annual dividend of $2.50 share on the a 5% first pref. stock became payable on Feb. 15, and an initial dividend of $1 a share on the common shares on March 1. Woolf Brothers, Inc.—Dividend of $1.20 a share on the class B partici¬ pating preferred stock became payable Feb. 5. This compares with an initial dividend of $1 a share paid on this issue on Feb. 23,1937. York Knitting Mills, Ltd.—Initial semi-annual dividends of $3.50 paid on the 7% 1st pref. and 7% second pref. stock. Acme Steel Co.—Dividend a share $1 share to 50c. a a on CHANGES the $25 par common stock reduced from share, payable March 12. Acme Wire Co.—Dividend on the $20 par, common stock decreased from $1 a share to 50c. a share and became payable on Feb. 15. Allen Industries, Inc.—Directors deferred action "for time being with respect to declaration and payment of regular quarterly dividend normally payable March 4, or account of prevailing unsettled business conditions. A regular dividend of 25c. quar. Allis-Chalmers Mfg. a share was distributed Co.—Dividend of 3754c. on Dec. 4, last. share in the no par stock, payable March 31. This compares with $1.50 a share paid on Dec. 22 last, and $1 on Sept. 30, last. Aluminum Goods Mfg. Co.—Dividend on the no par common stock a common reduced from 40c. a share to 25c. American Chain & Cable a share, payable April 1. Co., Inc.—Dividend of 25c. a share on the stock, payable March 15. Dividends of 50c. a share were paid preceding quarters. American Electric Securities Corp.—Dividend of five cents a share on the participating preferred stock, payable March 1. Previously, a dividend of 754 cents a share was distributed. in each of the three American Steel Foundries Co.—Dividend of 25c. stock, payable March 31. paid during 1937. common were Anaconda Copper Mining Co.—Dividend decreased from 50c. a share to 25c. a share on Four dividends of 50c. a on the a no par, share each the $50 par, capital stock March 28. share, payable Arnold Constable Corp.—Dividend on the $5 par, common stock reduced from 25c. a share to 1254c. a share, payable March 21. Beneficial Loan par common Society (Del.)—Dividend of 12 54P- stock, payable March 1. on Sept. 1, last. a share on the no This compares with 15c. paid on Dec. 1 and 20c. Bigelow-Sanford dividend Carpet Co.—No action taken on the payment of a ordinarily due at this time on the no par common shares. a share was paid on Dec. 1, last. . One of 50c. Bireley's, Inc.—Directors on the common shares on Jan. 18 took no action .on the dividend due ' ended Jan. 31, 1938. A regular share was paid on Oct. 25, last. for the quarter quarterly dividend of 15c. a Birmingham Fire Insurance Co. of Ala.—Dividend on the common stock decreased from 40c. a share to 25c. a share, payable March 31. Bond & Share Unfavorable changes in dividend declarations in Februaryoutnumbered the favorable changes. The following list, and regular share common >C: DIVIDEND a & Accident Insurance Co.—Directors have declared stock dividend of 33 1-3% on the common stock, payable March 1, \ UNFAVORABLE were pur¬ at 1938. a National Life MUNICIPAL FINANCING ' share and were not revealed in the announcement. $33,688,000 Mississippi (State of) first series highway bonds chased a share, both payable March 15. Midwest Piping & Supply Co., Inc.—Extra dividend of 40c. the common stock, payable Feb. 24. Wilson $60,000,000 United States Steel Corp.—At the close of the regular weekly meeting of the finance committee on Feb. 1, the corporation stated that it had borrowed from banks in New York, Chicago and Pittsburgh $50,000,000, maturing in one, two and three years. The corporation has arranged for these loans in an¬ ticipation of substantial outlays to be required for new construction under way. The rate of interest to be paid on the was Lionel United Drill & Tool Corp.—Initial quarterly dividend of 15c. a share was pqid Feb. 1 on the class A stock. INDUSTRIAL AND MISCELLANEOUS FINANCING loans Leslie Salt Co.—Two dividends of 65c. a share each on the capital stock, one payable March 15 and the other payable June 15. Previously, regular quarterly dividends of 50c. a share were distributed quarterly of 6c. Boston Corp.; Tucker, Anthony & Co.: Oofrin & Burr, Inc.; Brown Harriman & Co., Inc.; Smith, Barney & Co.; Blyth & Co., Inc.; Mellon Securities Corp.; W. C. Langley & Co.; Harris, Hall & Co. (Inc.), and Jackson & Curtis. Bonbright & Co., Inc., announced Feb. 2 that the offering of $57,000,000 bonds had been heavily oversubscribed and the subscription books closed. The offering, according to the announcement, has been very well taken and met with a good response, not only from the larger institutional investors, but Other members of the offering group were: The First or 13 MONTHLY REVIEW Mabch, 1938] Trading Corp.—Directors at their recent meeting took no action on the payment of a dividend on the 6% preferred stock. distribution of 37He. a share was made on Dec. 1,1937. A Bridgeport Brass Co.—Directors on Feb. 18 took no action on the divi¬ dend on the company's no par common stock. A dividend of 10c. was paid on Dec. 17, last. Bunker Hill & Sullivan Mining & Concentrating Co.—Directors re¬ cently decided to discontinue the payment of common dividends for the time being. A dividend of 37He. a share was paid on Nov. 10, Sept. 1 and on June 1, last. Chicago Rivet & Machine Co.—Dividend of 15c. a share on the new $4 par common stock, payable March 15. This compares with 50c. paid on Dec. 15, last. Chrysler Corp.—Directors this time. on Feb. 24 decided not to declare a dividend at 13. last. A distribution of $3 a share was paid on Dec. City Ice & Fuel Co.—Directors recently decided to postpone action on the payment of a dividend on the common shares until their March meeting. A regular quarterly of 50c. a share was paid on the common stock on Dec. 15, last. - Clark Equipment Co.—Directors on Feb. 15 took no action on the pay¬ ment of a dividend on the no par common stock ot this time. A special of $3 a share payable in $100 par, 7% cum. pref. stock was paid on Dec. 1, last. Collins & Aikman Corp.—Dividend of 50c. a share on the no par common This compares with $1 paid on Dec. 1 and on stock, payable March 1. Sept. 1, last. Compressed Industrial Gases, Inc.—Dividend on the common stock reduced from 50c. a share to 25c. a share, payable March 15. Congoleum-Nairn, Inc.—Dividend on the no par common stock reduced from 50c. a share to 25c. a share, payable March 15. Continental Steel Corp.—Directors on Feb. 15 decided to defer action on the common dividend until their March meeting. A quarterly of 25c. a share was paid on Dec. 24,1937. Detroit Harvester Co.—Dividend on the common stock reduced from 25c. a share to 1254c. a share, payable March 1. Duke Power Co.—Dividend on the common stock decreased from $1.50 a share to 75c. a share, payable April 1. (E. I.) du Pont de Nemours & Co., Inc.—Interim dividend of 50c. a share on the common stock, payable March 14. This compares with $2 a share paid on Dec. 14 last. Eastern Utilities Associates—Action on the payment of a dividend on the convertible preferred stock at this time was deferred. A dividend of 10c. a share was paid on Dec. 16 and on Nov. 15 last. Electric Auto Lite Co.—Dividend of 25c. a share on the $5 par common stock payable April 1. This compares with 40c. paid on Dec. 27 last. Elgin National Watch Co.—Dividend of 25c. a share on the $15 par capital stock, payable March 15. This compares with $1.50 paid on Dec. 15 last. General Motors Corp.—Dividend of 25c. a share on the par $10 common This compared with $1.50 paid on Dec. 13 stock, payable March 12. last and $1 paid on Sept. 13 and on June 12 last. Globe Wernicke Co.—Dividend on the common stock reduced from 25c. a share to 10c. a share, payable March 15. 14 Goodyear Tire & Rubber Co.from 50c. . EEYIBW MONTHLY share to 25c. a Dividend on the common stock reduced share, payable March 15. a Shepard-Niles Crane & Hoist Corp.—Dividend of 50c. a share on the common stock, payable March 1. A distribution of $1.50 was made on • Group No. One Oil Corp.—Dividend the no par capital stock reduced share, payable March 31. from $100 a share to $50 a on Hamilton Watch Co.—Dividend of 25c. a share on the no par common stock, payable March 15. This compares with 75c. a share paid on Dec. 15 last and 60c. paid on Sept. 15 last. Harbison-Walker Refractories Co.—Dividend stock decreased from 50c. a share to 25c. the on no common par share, payable March 1. a Hecla Mining Co.—Dividend of 10c. a share on the capital stock of 25c. par value, payable March 15. This compares with 25c. paid in each of the preceding quarters. Southern of Philadelphia—Dividend stock reduced from $1 a share to 75c. a share, payable March Jaeger Machine Co.—Directors dividend on the paid on took action no United Elastic Corp.—Dividend of 10c. a share on the no par common stock, payable March 24. This compares with 15c. paid on Dec. 24, last, and 20c. on Sept. 24, last. United Printers & Publishers, Inc.—Dividend of $1 a share on the $2 cumulative convertible preferred stock, payable Feb. 24. This dividend covers Kennecott no of a of One of $1.25 a share par common shares at this time. share to 25c. a on the no par common share, payable March 31. a Kingston Products Corp.—Directors took stock action on the common stock dividend usually payable on March 15. A regular quarterly dividend of 10c. a share was paid on Dec. 15, last. no Lehn & Fink Products Co.—Dividend on the $5 par common stock reduced from 62He. a share to 30c. a share, payable March 14. Llbbey-O wens-Ford Glass Co.—Dividend common stock, payable March 15. of 25c. This share on the no par a with compares paid on $1 Dec. 15 and $1.50 on Sept. 15, last. Lock Joint 1 Pipe Co.—Monthly dividend the common stock reduced paid on Jan. 31, last. Other on from 75c. a snare to 67c. a share and was dividends of 67c. a share and 66c. a share also declared on this were issue, payable Feb. 28, and March 21, respectively. Magma Copper Co.—Dividend of 35c. a share on the $10 par common stock, payable March 15. This compared with a year-end dividend of $1.25 and a share paid on Dec. 15 last 15, 1937. March 50c. ana ergenthaler Linotype Co.—Directors declaration of dividend on the a Dividends of 50c. this time. of 1937. 1, 1938, thus clearing dividend on quarterly of $1 Copper Corp.—Dividend reduced from 50c. a a no share a on Sept 15 P 1 Feb. 15 deferred action on the par capital stock ordinarily due at Michigan Steel Tube Products Co.—Directors Feb. 10 on each quarter deferredactlon THE STOCK MARKET COURSE OF advance last since ment in prices on and when the last market made November in the Morris Finance Co.—Dividend of $2.50 a share on the class A common and one of 50c. a share on the class B common stock, both payable March 31. Previously a regular quarterly dividend of $3.25 a shSre on the class A shares and a regular quarterly dividend of A5c. the ciass B shares. Motor was paid share on a Corp.—Dividend of 20c. a share on the common stock payable March 10. Previously regular quarterly dividends of 40c. a distributed. were Munsingwear, Inc.—Dividend reduced from 75c. New Bedford on the common stock of no par value share to 25c. a share and became payable Feb. 21. a Cordage Corp.—Dividend on the $5 par common Stock reduced from 50c. a share to 25c. a share, payable March 1. Newmarket Mfg. Co.—Dividend on the no par capital stock reduced from $1 a share to 50c. a share and became payable on Feb. 15. Newmont Mining Corp.—Dividend on the capital stock reduced from 75c. a share to 50c. a share, payable March 15. New York Air Brake Co.—Dividend on the no par common stock decreased from 50c. a share to 25c. a share, payable March 1. New York Transit Co.—Dividend of 15c. a share on the $5 par capital stock, payable April 15. This compares with 60c. a share paid on Dec. 28, last and 25c. on Oct. 15, last. y Noblitt-Sparks Industries, Inc.—Dividend on stock reduced from 75c. a share to 25c. a share, Otis Elevator from „ 40c. 60c. a Co.—Dividend share to 15c. a the on no par the no par common payable March 31. stock common Paraffine decreased share, payable March 21. A dividend of on Sept. 25 last and 60c. a share on of 50c. a share on the no par Four quarterly dividends of $1 a no action on the common dividend One of 25c. in cash and 75c. in debentures was Pennsylvania Gas & Electric Corp. (Del.)—Directors of the dividend due of 37He. share a on the class A stock at this time. paid was on this issue Pennsylvania Salt Mfg. Co.—Dividend omitted payment A regular quarterly Dec. 1, last. on the $50 par, on common stock reduced from $3 a share to $1.25 a share, payable March 15. Peoples Gas Light & Coke Co.—No action i on dividend to be considered until later in the year according to a statement of the chairman of the board of directors made on Feb. 23. A distribution of $2 a share was made on the capital stock on Dec. 10, last. Pepperell Mfg. Co.—Directors payable at this time on dividend of $3 Feb. 4 omitted the dividend ordinarily $100 par capital stock. A semi-annual paid on Aug. 16, last. was from 35c. a share on a share to 10c. $25 par capital stock reduced share, payable March 10. a on the Pittsburgh Metallurgical Co.. Itnc.—Dividend ordinarily due „ time was at this A regular quarterly of 25c. a share on the common stock omitted. paid on Dec. 15, last. Rapid Electrotype Co.—Dividend from 60c. a share to 40c. a . the no par common stock reduced share, payable March 25. on Raybestos-Manhattan, Inc.—Dividend reduced from 50c. a a share were on the no par common stock share to 37 He. a share, payable March 15. Reynolds Metals Co.—Dividend payable March 1. During the 25c. of 15c. year share a on the stock, 1937 four quarteriv dividends of common distributed. Roberts Public Markets, Inc.—Dividend usually payable on the common stock on a April 1 to be omitted. A regular quarterly of 20c. was paid on Jan. 1. last. Schiff Co.—Dividend to 25c. a on the common Selby Shoe Co.—Dividend payable March 5. on May 5, last. of 25c. a share on the 50c. a the $5 of par stock, Dec. 6. Aug. 5 and on the class a share was paid on Dec. 22, last, and a stock dividend of l-20th each share of $1 par class B stock held on on (Frank G.) Shattuck Co.—'Dividend share to 10c. on A quarterly dividend of 22c. class A stock share of class A stock the same date. a index a 50 of of that a stocks new York of be New the by compiled "Times" amounted to 6.19 points, following an advance 0.27 of a point in January. But the price rise must off against the volume of set trading to get a true gauge performance. The share turnover came to only 14,526,094 shares in February, the smallest volume of dealings for any month since February, 1935. The February transactions compared with 24,151,931 shares in January and with 50,248,010 shares in February, 1937. On only two days during the month did volume amount to as much as 1,000,000 shares. An even greater degree of slack trading was observable in the bond market. Bonds traded on the New York Stock Exchange had a total par value of $127,593,000, a new low since August, 1928. The total compared with $165,910,000 in January. Turnover in United States Government issues fell to $11,014,000 from $16,353,000 in the previous month. But in bonds, as in stocks, the course of prices was upward, with some of the second-grade issues experiencing especially vigorous advances. Taking up in detail the behavior of stock prices in Febru¬ one finds that most of the strength was in the indus¬ trial shares, hold and that the rails could do scarcely any more their The railroad equipments, however, Among the industrials, the greatest strength was displayed by the manufacturing, store, copper, and oil shares. The utility stocks alone among the major stock groupings were unable did own. considerably better than their customers. to better their market standing during the month. Utility bonds, too, were less in demand than corporate issues gen¬ erally. There in stock question whether the fairly sharp gain some was prices was attributable to ment in business conditions sentiment in the Commission's ban or to on the common share, payable March 21. stock reduced from market. against The a some modest improve¬ change in the technical Securities and short sales, except at Exchange price at a least Ys point above the last previous sale price in the case of round lots, became effective on Feb. 8, and it is possible that the rise in prices simply met with less opposition from shorts than would normally be the case. In its Feb. 8 short selling regulation the SEC made an exception of odd lot dealings, but when, toward the close of the month, the weekly figures on odd lot transactions showed a larger amount of sales than invariable rule—the purchases—contrary Commission let it be to selling rule was very the known would look into the matter at once to see if the almost that it spirit of its being violated. low volume of stock dealings indicated that speculators and investors into optimists overnight. were not being transformed Certainly the clouded outlook for business still purchases. s 15c. making. the share no par common This compares with 40c. paid on AaS£ B dividends. the price advance, how¬ bull movement was The increase in average prices, as measured might conclude one Certainly the Serrick Corp.—Directors on Feb. 18 decided to defer action t by short stock reduced from share, payable March 15. Scranton Lace Co.—Dividend on the common stock reduced from 60c. a share to 25c. a share, payable March 31. l ever, the Phelps Dodge Corp.—Dividend Feb. on of the month. Looking at the bare record than , usually due at this time. paid on Dec. 15, last began ary, Companies, Inc.—Dividend common stock, payable March 28. share each were paid during 1937. Parker-Wolverine Co.—Directors took which continuity than any which had developed in the last seven months, and substantially all of the gains were retained a share was paid on this issue Dec. 20, last. rise of community 4 had more investment the of the market's Wheel share The heart. at about the lows stand a December and Modine Mfg. Co.—Dividend of 50c. a share on the no par common stock This compares with $1 paid on Dec. 20 last and 75c. 1 and on Aug. 2, last. considerable July. There was a trace of unsettlethe second and third days of the month, right through to the end Nov. A regular FEBRUARY, 1938 DURING The stock market enjoyed last month its most (I.) Miller & Sons, Inc.—Dividend of $2.25 a share on the new 8% cum. pref. stock, par $50, payable Feb. 23, and a dividend of $2.50 a share on the old 6H% pref. stock, payable Feb. 21. The previous payment on the new pref. stock on Feb. 16, 1937, amounted to $10.75 a share. on the declaration on Wagner Electric Corp.—Dividend of 25c. a share on the $15 par common stock, payable March 21. This compares with $1.25 paid on Dec. 20, last, and 50c. a share on Sept. 20. June 21, and on March 20, 1937. Willson Products, Inc.—Dividend on the $1 par common stock reduced from 25c. a share to 15c. a share, payable March 10. Youngstown Sheet & Tube Co.—Directors on Feb. 17 took no action on the payment of a dividend on the common stock ordinarily due about March 20. A dividend of 75c. a share was paid on Dec. 20, last. Youngstown Steel Door Co.—Dividend of 25c. a share on the no par common stock, payable March 15. A dividend of 75c. was paid on Dec. 15, last and one of $1.25 a share on the larger amount of shares outstanding on Sept. 15, 1937. took payable March 20. action common stock ordinarily due at this time. share was paid on November 15, last. * the payment of the common dividend ordinarily due at this time. Dividends of 50c. a share were paid on Deo. 10 and Sept. 10 last. Midvale Co.—Dividend of 75c. a share on the no par capital sroek navable April 2. This compares with $2.50 paid on Dec. 18 last. ' on no the a on share were distributed in 1, 1937 and the 50c. all acruals on this issue. > up Van Raalte Co., Inc.—Dividend of 50c. a share on the $5 par common stock .payable March 1. This compares with $1.37 H paid on Dec. 1 last, and 75c. on Sept. 1 and June 1, last. June 15 ' distribution the 50c. disbursement due Oct. due Jan. Utica & Mohawk Cotton Mills—Directors took Nov. 24, last. was stock 5. Dye wood Corp.—Directors on Feb. 15 took no action on the payment of the common dividend ordinarily due at this time. One of 25c. a share was paid on Jan. 3, last and each three months previously. 15. the payment on reduced from common United the no par common on on the $10 par capital share payable March 1. a Roller Bearing Co.—Dividend on the no par reduced from 75c. a share to 25c. a share, payable March Interlake Investment Corp. share to 15c. a Timken , Steamship Co.—Dividend of 25c. a share on the common stock, payable Apru 1. A dividend of $2.50 was paid on Dec. 20, last, and $1.50 on Oct. 1, last. stock decreased Pipe Line Co.—Dividend from 25c. Standard Brands, Inc.—Dividend on the common stock 20c. a share to 15c. a share, payable April 1. "* Holophane Co., Inc.—Dividend on the no par common stock reduced from 50c. a share to 30c. a share, payable March 1, Humble Oil & Refining Co.—Dividend on the no par common stock reduced from 62He. a share to 37He. a share, payable April 1. Dec. 1, last. Simonds Saw & Steel Co.—Dividend on the new no par common shares decreased from 80c. a share to 20c. a share, payable March 15. stock that market could was The be counselor of caution in making stock background against which the only negatively encouraging. The most a business was said was that the business trend line was flattening out after the violent drop in the last four months of 1937, and that the trend of bank credit also suggested that the period of heavy liquidation was over. MONTHLY March, 1938] Wliile the future with fraught still was without not was ing Administrator Stewart McDonald on Feb. 19. Here at was a concrete effort by the Administration to stimu¬ last late recovery in the construction industry. Representative Bankhead, on Feb. 10, Presi¬ dent Roosevelt asked Congress to appropriate $250,000,000 In letter to a for relief through the Works Progress Administration dur¬ ing the remainder of the fiscal year. It had been known that the Administration would expand its relief expendi¬ relief money asked for was small enough, relatively, to indicate that Mr. Roose¬ velt had not yet gone in for pump-priming in earnest. Con¬ tinuing the Administration's moves in sequence, it should be pointed out next that on Feb. 14 Secretary of the Treas¬ ury Henry Morgenthau announced that in the future gold tures, and would the stock in sterilized be not additional of amount additions until monetary the to He admitted quite frankly that he hoped that the move would stimu¬ late a rise in the more sensitive commodity prices. Then Feb. on 18 $100,000,000. quarter exceeded any Roosevelt issued President statement further a clarifying his views with respect to prices. He declared that prices of different groups of products "must be brought into balanced relations to one another" and that, for the moment, the objective must be to reverse the deflationary trend that had been going on for ther the last six months. Fur¬ devaluation, he stated quite definitely, would dollar Feb. 4Ms 3 Ms Treasury 3s Treasury 3Ms Treasury 3Ms Treasury 3 Ms Treasury 3Ms Treasury 3Ms Treasury 3 Ms Treasury 2%b Treasury 2Ms Treasury 3Ms Treasury 2Mb Treasury 2 Ms Treasury 2Ms Treasury 2 Ms 7 108.10 Feb. 26 108.6 112.20 Feb. 9 113.6 25 113.6 7 111.21 Feb. 28 111.21 107.30 Feb. 8 108.22 Feb. 28 108.20 104.7 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 1956-1959 1949-1953 7 104.30 Feb. 25 104.25 105.17 Feb. 8 106.4 Feb. 28 106.2 106 105.29 Feb. 4 106.8 Feb. 25 106.8 107.3 106.30 Feb. 10 107.13 Feb. 26 106.13 106.6 Feb. 7 106.28 Feb. 26 106.8 106.3 Feb. 8 106.22 Feb. 26 106.16 107.11 107.5 Feb. 8 107.20 Feb. 24 107.18 107.24 107.13 Feb. Feb. 28 108.3 lending operations. which he placed on Jones said that Thus he withdrew the restrictions RFC loan activities last October. Mr. the Corporation had about $1,500,000,000 available for lending, but he did not believe there would be any demand for a considerable part of it. It remains to be said that the 30-day filibuster in the Senate over the Wagner-Van Nuys anti-lynching bill was ended on Feb. 21, thereby giving rise to hope that the Senate might be pre¬ pared to act promptly when the long-delayed tax revision laid was its doorstep. on As to the fluctuations in individual stocks, United States Steel Feb. 23 at Feb. at the Feb. 4 at 49% and at its highest 57%, with the close Feb. 28 at 54%^ was 4 lowest its at was ferred, Steel, pre¬ Feb. 1 at 109 and at its lowest at its highest 104%, with the close Feb. 28 at 108. American rose from 127% Feb. 4 to 140% Feb. 23, with & Tel. Tel. 7 108.7 7 102.25 Feb. 25 107.11 106.25 102.18 102.8 102.2 Feb. 104.13 104.2 Feb. 7 104.23 Feb. 25 102.12 102.7 Feb. 4 102.25 Feb. 26 102*21 101.15 101.7 Feb. 7 101.30 Feb. 25 101.25 101.6 101.4 Feb. 2 101.22 Feb. 101.19 28 7 100.10 Feb. 25 100.8 103.11 103.1 Feb. 7 103.22 Feb. 25 103.18 1944-1964 104.6 104.2 Feb. 3 104.22 Feb. 28 104.22 3s 1944-1949 103.28 103.20 Feb. 8 104.8 3s ..1942-1947 103.31 Feb. 2 104.17 Feb. 25 1942-1947 102*26 102.20 Feb. 8 103.6 Feb. 24 3s series A 1944-1952 103.28 103.23 Feb. 8 104.7 Feb. 25 2Mb series B 1939-1949 1942-1944 101.29 101.24 Feb. 7 102.14 Feb. 25 101.22 101.14 Feb. 99.25 Feb. 100.1 1945 Federal Farm Mortgage— 3Ms 2Mb 25 Feb. 104.6 104.17 Home Owners' Loan— 2Mb series G 25 Feb. Range for February, Opening Feb. Argentine external 4Mb 1955 106 2 3 93 M 106M 82 M 106 M Feb. 105M Feb. 4 107M Feb. 14 101M 100M Feb. 101M Feb. 1 101*' 112M 111M Feb. 113 3 111M 32M 33 77M Feb. 32 Feb. 34M Feb. 23 Feb. 27 26 Feb. Feb. 23 72 72 Feb. 76 Feb. 10 74 57 55 M Feb. 62 Feb. 28 62 27 1965 1954 1965 5 Ms 94M Feb. 106M Feb. 89M Feb. 105 M Feb. 107M (Govt) 7s 1957 Belgium (Kingdom) 6Ma 1949 Brisbane (City) 5s 1957 Canada (Dominion) 5s 1952 German (Rep) 7s stamped--.1949 German (Govt) Internat 5 Ms stamped 102.2 Price 104 M Austrian Japanese Govt 6 Ms 102.10 Feb. 28 Highest Lowest 1 93 M 1971 Australia 5s of 1925 104.4 Closing 1938 Price Foreign Bonds (State) 5s_1957 102 M Norway 4s 1963 Queensland (State) ext 7s 1941 Rome (City) external 6Ms-_1952 102 H New South Wales 102.8 108M 71M 104M Feb. 101H Feb. 102M Feb. 107 M Feb. 108 M Feb. Feb. 71M Feb. 65 / Opening 28 3 103 M Feb. 16 3 1 102M 103M 107M 67 . Range for February, Closino 1938 Price Price Lowest Feb. 28 Highest ■ * Feb. 18, in a letter to Jesse H. Jones, the President requested the Reconstruction Finance Corporation to resume bill Feb. 105.28 Feb. 1 On Feb. Feb. 111.5 Railroad and Industrial Bonds be avoided. 117.20 107.15 Feb. 112.26 ..1944-1954 1946-1956 3Ms Treasury 3Ms_. 18 117.21 Feb. 28 Feb. 117.2 Feb. 28 Highest Lowest 1 ...1947-1952 1943-1945 4s Treasury 3s Sale Sale Government Bonds its Treasury Treasury Treasury Treasury Last Range for February, 1938 First uncertainty, developments which might have an important bearing on the course of business. Con¬ gress finally succeeded in passing some major bills, and the Administration finally began to show its hand in the matter of a definite policy for dealing with the recession in business. On Feb. 1 the Senate adopted the conferees' report on the Administration's housing bill, and on Feb. 4, receiving President Roosevelt's signature, the measure be¬ came law. On Feb. 12, at the request of Mr. Roosevelt, the RFC agreed to supply the capital for the first National Mortgage Association to be formed under the new Act. The charter of the new association was signed by Federal Hous¬ February 15 BEVIEW close Feb. 28 at 137. General Electric ippved up from 30% Feb. 4 to 42% Feb. 23, with the close Feb. 28 at 40%. 66 M Bost A Maine 1st 5s ser 66 M Feb. 1 71M Feb. 26 47 M Feb. 7 56 107 M Allegheny Corp coll trust 5s. 1944 Amer A Foreign Power 5s___2030 Atch Top A S Fe gen 4s 1995 Baltimore A Ohio 1st gold 4s. 1948 Convertible 4Mb 1960 107M Feb. 25 M 42 A-C.1967 Brooklyn Union Elev 5s Chesapeake A Ohio 4Mb 62 M Feb. 23 M Feb. 40M Feb. 63 18 9 71 56 109 M 63 M 4 28M Feb. 15 25 M 4 45M Feb. 11 43 Feb. 21 75 1950 Feb. 28 1 110M Feb. 4 66 Feb. 77 Feb. 2 120 8 128 Feb. 28 10M Feb. 3 13 Feb. 23 12 Feb. 7 61M Feb. 1 66 Erie ref A impt 5s of 1927—.1967 61M 17M 6M Feb. 23 68 Feb. 15 Great Northern gen 4Mb 111 Cent St LANO 5s 1977 118M 1992 11 Chic Milw St P A Pac 5s A..1975 117 Feb. " Chic ANW 4Ms series A...1949 C C C A St L 4Ms series E..1977 5M 5 15% Feb. 28 18M Feb. 2 Feb. 5M 15M 25 82 M 81M Feb. 3 88 1963 36 M 36 M Feb. 1 Internat Paper 5s'ser A A B.1947 Kan City Sou ref A lmpt 5s. .1950 86M 85M Feb. 16 43M Feb. 11 87 M Feb. 28 56 55 Feb. 3 Lehigh Valley (Pa) cons 5s..2003 Liggett A Myers Tob 7s 1944 30M 29 Feb. Mo Kan Tex cum ad) 5s New York Central 3 Ms 1967 1946 19M 41 87 M 64 M 8 64M Feb. 23 32M Feb. 14 129 M Feb. 2 130M Feb. 19 129M 19 Feb. 3 22 31 82 Feb. 23 85 23 ^21M Feb. 2 N Y C A St L 4Ms series C—1978 46 M 45 Feb. 4 52 Feb. 25 N Y N H A H 1st ref 4MB—1967 N Y Ont A Western ref 4s—1992 22 21 Feb. 4 22 M Feb. 2 Northern Pacific 4s Feb. irnrnmm 14 47 21M 9M 8M 8M Feb. 4 1997 86 M 85M Feb. 4 92M Feb. 25 Pennsylvania RR deb 4M8-.1970 Conv deb 3Ms 1952 81M 81M Feb. 1 90M Feb. 25 92 H 89 81 80M Feb. 4 84M Feb. 26 84M Warner Bros Pictures 6s 71 65 73 M Feb. 66 85 M 85M Feb. 1939 Western Maryland 1st 4s—.1952 Feb. 21 1 10 Feb. 10 90M Feb. 25 88 M Allied Chemical & Dye was at its lowest Feb. 4 at 156 and at its highest Feb. 26 at 171, with the close Feb. 28 at 168. Westinghouse Elec. & Mfg. rose from 87% Feb. 4 to 100% Feb. 23, with the close Feb. 28 at 90%. Co. N. of with Y. the close York Central highest Feb. Delaware & with the from 72% 79%. 23 28 at at at In the railroad list, New lowest Feb. 19%, Feb. 21%. with rose from 28 at Consolidated Edison Feb. 25, Feb. 4 to 22% from 20% its Hudson 3 at 15% and at its the close Feb. 28 at 18%. 13% Feb. 3 to 17 Feb. 23, 16%. Union Pacific moved up Feb. 4 to 81 Feb. 15, with the close Feb. 28 Southern 19%. up Feb. was close and at its at moved Pacific was at its lowest Feb. 3 at at 16% highest Feb. 25 at 20%, with the close Feb. 28 Baltimore & Ohio moved up from 8% Feb. 3 to 10% Feb. 25, with the close Feb. 28 at 9%. Chesapeake & 31% Feb. 5 to 37% Feb. 25, with the close Feb. 28 at 35%. Southern Railway was at its lowest Feb. 4 at 10% and at its highest Feb. 25 at 13%, with the Ohio rose from VOLUME OF BUSINESS ON THE 1938 STOCK EXCHANGE Stock sales—No. of shares 14,256,094 Bond sales (par value)— Railroad and mlscell 96,374,000 $ 50,248,010 United States Govt 11,014,000 Total bond sales 127,593,000 285,459,000 State, munlc. A foreign- 20,205,000 in many years and reflect a sharp contraction as February with the totals for January last and Corporation bonds of high grade tended up¬ ward the first 10 days of the month, and then settled back one year ago. $ 317,277,000 31,447,000 21,857,000 142,769,000 370,581,000 220,256,000 29,248,000 48,239,000 Jan. 1 fo Feb. 28— Stock sales—No. of shares 38,678,025 Bond sales (par value)— Railroad and mlscell $ 225,355,000 State, munio. & foreignUnited States Govt 40,781,000 27,367,000 Total bond sales— 293,503,000 108,919,426 1938 Month of February— Stock sales—No. of shares Bond sales 2,718,510 $ (par value)— 33,813,657 128,086,137 $ $ 496,725,000 86,136,000 .. $ 721,808,000 337,950,000 69,935,000 45,285,000 54,975,000 69,897,000 142,955,000 628,146,000 846,718,000 550,802,000 VOLUME OF BUSINESS ON THE Total bond transactions in February touched their lowest compared 14,404,525 60,884,392 $ $ 229,157,000 36,655,000 19,647,000 CURB EXCHANGE close Feb. 28 at 12. level 1935 1936 1937 Month of February— 1935 1936 1937 15,344,284 2,921,597 20,712,570 $ $ 8 97,939,000 1,756,000 1,152,000 92,271,000 2,030,000 603,000 39,614,000 1,241,000 1,544,000 23,133,000 42,399,000 100,847.000 95,236,000 6.893,289 34,873,631 21,976,000 Domestic 554,000 Foreign government... Foreign corporate..--. 935,000 at prevailing levels to close the month without further change. Corporate securities of secondary, and lesser grades reflected early weakness, but in keeping with the trend of prices, advanced in a modest manner the remainder of February. High-grade railroad issues continued to re¬ main below the levels existing early in 1937, while public utility and industrial bonds, on the other hand, have recov¬ stock ered much lost ground, and have their high point of recent years. bonds have been variable, vancing the second larity, close and the in the month at week, practically approached United States Government opening the followed by a month period lower, ad¬ of irregu¬ last days revealing much strength substantially higher levels. In the following taWe we show, as to Total bond sales Jan. 1 to Feb. 28— Stock sales—No. of shares $ Bond sales (par value)— $ ' 1 40,490,150 6,695,346 $ $ 224,286,000 198,164,000 4,124,000 4,105,000 1,224,000 95,968,000 2,981,000 3,539,000 2,228,000 2,252,000 50,143,000 102,488,000 230,638,000 204,521,000 47,827,000 1,092,000 Domestic Foreign government— Foreign corporate Total bond sales THE MONEY MARKET DURING FEBRUARY, 1938 Foremost in importance to the money market during past month Feb. 14 was the concerning a announcement modification by the Treasury the on of its gold buying pro¬ Retroactively to Jan. 1, 1938, gold acquired by the assay offices will be included in the inactive usual, the fluctuations gram. for the month in the different issues of United States Gov¬ mints ernment gold fund only to the extent that such acquisitions in any one quarter exceeded $100,000,000. As a result of this obligations, and of domestic corporate and considerable number, likewise, foreign government bond prices: a and 16 REVIEW RATES FOR MONEY AT NEW YORK change, approximately $30,000,000 of gold accumulated since the first of the year were immediately "desterilized." / Week Ended , While the new procedure implied a partial reversal of the Treasury's previous moderately deflationary policy adopted in December, 1936, and designed to prevent commercial bank reserves from being affected by the acquisition of newlymined domestic gold and gold imports, no great immediate Feb. 5 the month maturities. On Feb. 25 announcement made was of statement announcement was that followed the Feb. 28 by the further on Treasury's mid-March financing would be restricted to the exchange of maturing $455,000,000 of 3% notes and that no additional funds would be sought. Gold imports during February were limited to $1,375,000, of which amount $1,100,000 came from Australia and $275,000 from India, and the net increase in the monetary gold stock of the country amounted to approximately $18,000,000, while the inactive gold fund, owing to sales to the stabilization fund and to foreign about accounts, was reduced to Discount holdings of the 12 Reserve $1,213,000,000. banks declined from $11,470,000 Jan. 26 to $9,920,000 16, but subsequently increased to $10,148,000 Feb. 23. Bills bought in the open market remained virtually sta¬ tionary at the previous low figure of $548,000. Total mem¬ Feb. ber bank receded reserves $7,240,498,000 Feb. member reserves Money bank rates abundance 23, from while surplus total the continued again followed of $7,295,871,000 Jan. an bank to volume average of 26 to excess $1,400,000,000. trend, reflecting the easy the and reserves 1 IX 4 IX Four months IX IX IX IX IX Six months IX IX IX IX 1 1 1 1 l@ix l@ix 1@1X 1@1X IX IX Commercial paper: Double and single names: Prime 4 to 6 months... Good 4 to 6 months ■ continued as Trading in bankers' acceptances was of negligible volume, few bills were offered for resale. Total outstanding acceptances, according to the monthly survey of the Accept¬ ance Analysis Unit of the Federal Reserve Bank of New York, published Feb. 10, were $325,804,395, Jan. 31, com¬ pared with $343,065,947 Dec. 31, 1937, and $387,227,280 30, 1937. Import bills decreased from $117,248,428 Jan. 31 Dec. to $106,024,634 Jan. 31; export bills from $86,$82,194,997; domestic warehouse credits from $69,999,661 to $67,123,043, while domestic shipment bills increased from $7,688,659 to. $7,832,900, and bills based on goods stored in or shipped between foreign countries from $59,494,458 to $59,793,442. Rates for bankers' acceptances stood unchanged at %% bid and 7/16% asked for 30-day, 60-day and 90-day bills; at 9/16% bid and %% asked for 120-day bills, and at %% bid and 9/16% asked for bills 764,838 to running 150 and 180 days. The New York Federal Reserve Bank, in its "Monthly Review," discussed conditions in the for market "The bankers' acceptances as follows: acceptance market has remained very quiet during the past month, the principal accepting banks have con¬ as tinued to be well supplied with excess reserves fore, have had 1.04%, levels that "have prevailed for several months. to to longer-term on Treasury 1.13% to 2.46% bonds from 2.43%, and those on 91-day Treasury bills from 0.10% 0.09%. On the Stock Exchange the rate for call loans remained at 1%, unchanged •CALL LOAN RATES ' Low High Renewal 1... 1 1 1 Feb. Feb. 2... 1 1 1 Feb. 16... 1 Feb. 3... 1 1 1 Feb. 17... 1 4 Feb. 1 , Low High Renewal 1 1 1 1 1 1 1 1 1 15... 1 Feb. 18... 1 Feb. 6 Saturday Feb. 19... 6 Sunday Feb. 20... 7... 1 1 1 Feb. 21... 8 1 1 1 Feb. 22... Feb. 9 1 1 1 Feb. 23... Feb. 10. _. 1 1 1 Feb. 1 1 1 1 1 24... 1 1 1 25... Saturday Feb. 26... the volume of bills outstanding at the on small decline bills in drawn 13... Sunday Feb. 27... Feb. 14... Feb. 28... PRIME BANKERS* 1 As heretofore, owing to the low state of activities, hardly any new loans were negotiated, being confined to the occasional renewal of transactions mm . mmm Xa7 it h taX Xaht Xa7 is Xa7 it htaX Xaht Xaht Xa9 it Xa9 is Xaht . Xa7 it Xaht 4 Xa7is Xaht mmmm Xa7 it Xa7\t 9itaX Xa9 ii Xaht > 9i taX 7 mmmmm Xa7 it Sunday Xa7it Xaht Xa9 it 8 mmmrnm Xaht Xa7it Xa7i 6 9i taX Xa9 ii Xaht 9 mmmrnm Xaht Xa7 n »i taX Xa9n Xa7 is Xa71# Xa7it Xaht htaX Xa9it Xa9 it mmmmm Xa7 it Xa71« Xa7 it htaX Xa9\t Xaht Xa11« 10 Saturday Sunday 14 1— Feb. Feb. mmmrnm Xa7 it Xa7 it Xa7 is »i taX mm mm Xaht Xa7\t Xa7it htaX Xaht Xa9it Xaht Xa7it Xa7it 8ibaX Xaht Xa9it 3... Feb. 4... Feb. 1 Yt IX 7— Feb. 8... Feb. 9... IX IX IX IX IX IX . 6... Feb. 1M 5 Feb. 6 Months Feb. 11 IX IX IX IX IX Ui. IX IX IX IX Feb. 16... Feb. 17— 18— IX IX IX IX IX IX IX IX IX 23 IX IX IX IX IX IX 20 IX IX IX IX IX Xa9it htaX Xa9it Xaht Xa91» Xa9 it mmmrnm Xaht Xa71« Xaht Xa9\t Saturday Sunday Feb. 24... IX IX IX Feb. 25— IX IX IX IX IX IX IX IX IX except for amounts in excess of $100,000,000 a quarter. The significance to the Federal Reserve System of this announce¬ IX IX ment IX IX IX IX IX IX IX IX IX IX IX IX RETURNS IX IX IX The chief IX IX is The way: month. Rates remained un¬ changed at 1% for average grade prime fo\ir- to six-month paper, and at %% for choice names running three months or less to maturity. Under date of Feb. 15 the Federal Reserve Bank of New York announced that returns received commercial open Jan. paper market dealers showed commercial a paper total of $299,- outstanding on 31, compared with $279,200,000 at the end of December, 1937, and $243,800,000 at the close of January, 1937. RESERVE LOANS IN NEW YORK influence brought to new that the of BANKS- CITY bear confining of sterilization to large import a slow but sure further gold will make for expansion in member bank Commercial paper continued in active investment demand, but available offerings appeared to be somewhat smaller previous FEDERAL in movements Sun day the THE on the banking February was the announcement by Secretary of the Treasury Henry Morgenthau Jr., on Feb. 14, that, beginning Jan. 1, gold sterilization would be discontinued position IX Satur day Feb. 27— OF BROKERS' IX IX Holi day during 9i taX Xa7n IX IX IX IX 300,000 of h taX Xa7it IX IX from Xa716 Xa7 it IX Feb. 23... than Xa7it Xa7it IX IX Sun day Feb. 28— Xaht 28 Satur day Feb. 26— Xa9it Xaht IX IX IX IX Feb. 20— Feb. 22... Xaht 9i taX mmmmm Sun day IX IX IX IX IX IX 9i taX Xa7 it IX IX IX IX IX Sunday Xa7\t Xaht mmmrnm Satur day IX IX IX IX IX Xa9it Xa9 it Holiday Xa7 is 27 IX IX Xa9n Xa9it Xa7it Xa7 it mmmrnm 26 IX IX taX 9i taX Saturday 25 Feb. 19... Feb. 21... Xa7it Xa716 22 IX Xaht Xa7 is Xa7 is Xaht + rn 24 Feb. 13... Feb. 15— Xaht 'mmm 21 IX Sun day 1X IX IX IX IX Feb. 12... Feb. 14... mmmrnm Xaht ' 18 Satur day Feb. 10— Feb. 5 Months 19 2 Feb. 4 Months * m 16 17 90 Days Xa'it ■mrnmm-m 15 Mixed Collateral Xaht Saturday 6 13—. RATES htaX 5 12 OF TIME LOAN Xa7 it Xaht m 11 accommodations. 60 Days ACCEPTANCES ) 1 1 1 Time loan rates on security collateral remained purely nominal, at 1%% for 60- and 90-day loans, and 1%% for 30 Days ware¬ 30 Days 90 Days 120 Days 60 Days 150 Days 180 Days Accepfces Bid & Ask Bid & Ask Bid & Ask Bid & Ask Bid A Ask Bid & Ask 3 on domestic previous, the reduc¬ Secured by Feb. 2 Rates year Call Loans Sunday DAILY RECORD finance to Compared with the outstanding amounted to $61,000,000, of which $35,000,000 represented a decline in import bills." Saturday older the was $17,000,000, of which $11,000,000 was in import bills, which in the past have usually shown January reductions only in years of declining business activity. Ex¬ port bills also showed a moderate reduction, and there was 1 Feb. 12... market at Reports from a further decline, which apparently partly seasonal in character. The reduction in only 1 1 11... 180-day loans. remained 1 Feb. 1 rates January showed 1 1 Feb. 1 Market Holiday 1 . Feb. 1 funds. tion in bills Sunday Feb. end of house credits. Saturday Feb. Feb. accepting banks a * 1 additional and, there¬ occasion to sell bills in the market to no total volume NEW YORK STOCK EXCHANGE Feb. obtain was since May, 1936. ON THE IX IX Five months IX IX slackness in general business activities. Average yields on three- to five-year* Treasury notes receded from those IX ' IX IX IX IX IX IX Sixty days a Treasury bills to mature during the June tax period and to be issued in weekly amounts of $50,000,000, but this 1@1 1 Thirty days series of new 1@1 1 Ninety days weekly issues of $50,000,000 of 90-day hills in replacement of 1@1 1 . confined to four was Feb. 26 1@1 Range lor week (mixed & Industrial collateral) Week's average (mixed & Industrial collateral). Time loans (mixed and industrial collateral): year ernment financing during Feb. 19 Call loans on Stock Exchange: importance was attached to the move, in as much as the inward tide of gold has virtually ceased for the time being, and the increase in legal reserve requirements enacted last has sharply reduced the possibilities of bv.nk deposits of gold in their relationship to the reserve position. Gov¬ Feb. 12 made new banks, will excess build The Treasury will in months credit policy reserves. excess reserves in this reimburse itself for expenditures up acquiring up to $100,000,000 by depositing which on will in of gold gold certificates turn give the with every the Treasury a three Reserve deposit their books; and the deposits created in this way, when spent, will pass into member bank reserve balances. As member banks already have substantially more reserves than they need, the additions to reserves will tend to en¬ large the oversupply. Creditwise, the policy will insure the continuance of easy money conditions and will exert a mod¬ erately increased pressure on member banks to expand their loans and investments. * •l—Wc; March, 1938] MONTHLY REVIEW 17 Without delay, the Treasury and the Federal Reserve System put the new policy into effect. The Treasury daily compiled by the New York Stock Exchange decreased $18,408,226 during the month, the total of these loans on Feb. 28, statement 1938, amounting to $579,011,814 as against $597,418,040 on Jan. 31, 1938. On Feb. 27, 1937, these loans aggregated $1,074,832,139. tificates banks, Feb. of had 15 been showed that $46,000,000 deposited with of gold cer¬ Federal Reserve the representing all of the newly-mined, scrap and im¬ ported gold acquired since the first of the year as well as approximately tion. of The Feb. $13,000,000 for National Federal 16 Reserve showed banks' effect the of condition the statement policy new as the on banking position. In the week ended Feb. 16 the gold cer¬ tificate holdings of the Reserve banks were shown to be $47,503,000. up The the Reserve banks deposit credits which Treasurer—General Treasury's by given were reflected in the items United States were Account Other and Deposits. The deposits increased $31,014,000 in the week, own while other deposits, in which the balances of the stabiliza¬ tion fund are carried, increased $21,371,000. Simultaneously the monetary gold stock increased $25,000,000, that being the net gain resulting from purchases of newly-mined, scrap and imported gold and gold exports in the year to. Feb. 16. gold changes in certificate the The banking and reserves Feb. 23 Member in reserves traceable were from banks total a period of a aside $30,000,000 of suriilusage declining to losses were statistics, transactions. 373,000 of actual with the lost the $55,- excess reserves, of $1,410,000,000. the to increase of $30,000,000 in currency circulation, the rise of $37,719,000 in the Treasury's deposit with the Reserve banks, and the increase of $47,000,000 in non-member deposits and other Federal offset gold Reserve in part stock Federal accounts. These losses of reserves were by the $29,000,000 increase in the monetary and the Reserve $11,000,000 rise in credit in Treasury currency. decreased $3,000,000. Bills use Sterling exchange continued exceptionally firm in Febru¬ ary, a characteristic of the market which had been manifest since November. Frequently was quoted discounted for member banks of unchanged was as $1,322,000 to to total amount, a total was advances by Two outstanding factors contributing to firmness of exchange on London were the continuance of the downward trend of business in the United States and the great ation. uneasiness banks movement of funds there away from was asking others for their in the Federal second London and continued cooperation mcerest in As a were American be there by in the banking a culture loans and loans actually showed amounted business which to an increase. was early high The The principal I banks in 101 16, had investments. cities, a in decline the of four I I I I I Loans to commerce, to brokers and dealers Feb. Feb. Feb. Feb. Feb. 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SUNDAY a40.38 40.34 Ha.38H 18.92 al8.93 18.92 Hal8.94 40.36 Ha40.38 40.37a40.38H 18.92 al8.94 18.93 al8.95 40.36 Ha40.38 40.37a40.38H 18.92 18.92 Hal8.93 40.37 a40.38 40.37Ha.38H 18.93 al8.94 18.93Hal8.95 40.40 a40.45 40.41 a40.46 18.93Hal8.97 18.94 23.20Ha.21Ji 4.53Ha4.55 23.20a23.21 4.53 a4.55 23.19a23.19Ji 4.53 a4.56 23.20a23.21H 4.52 J4a4.56H 23.21 Ha.24Ji 4.53 a4.56 Feb. 040.39 40.33 a40.38 18.90 Feb. Feb. Feb. 10 Feb. 11 I9.83al9.93 al8.93 18.90Hal8.94 a40.41 18.90Hal8.92 18.91 al8.93 a40.40 18.92 al8.93 18.92 Hal8.94 I9.83al9.93 I9.84al9.93 a40.36 SUNDAY a40.47 40.44Ha.47 H 18.95 18.99 18.96 al9.00 40.47 a40.49 40.47 Ha40.50 18.97 Hal8.98 18.98 al8.99 40.52 Ha40.55 40.53a40.55H 18.97 al9.01 18.97 Hal9.02 40.53Ha40.55 40.54 a40.56 18.97Hal8 99 18.98 Feb. 15 23.25Jia.26H 4.53Ha4.56 40.44 Feb.16 Feb.17 al9.00 Feb.18 40.52 Ha40.56 40.53a40.56H 18.97Hal8.99 18.98 al9.00 40.46 a40.48 40.46 Ha.48H 18.97 al8.98 18.97Hal8.99 Feb.19 Feb.20 23.21Ha.24H 4.52Ha4.56 HOLIDAY 19.82al9.95 19.84al9.93 19.84al9.93 19.84al9.95 19.85al9.95 19.84al9.94 19.86al9.95 19.85al9.95 I9.85al9.93 19.85al9.94 I9.85al9.93 SUNDAY Feb.21 40.40 a40.45 40.40 Ha40.46 Feb.22 18.95 18.96 I9.84al9.93 HOLIDAY 23.24Ha.25H 4.54Ha4.56H Feb. 23 23.23 Ha23.24 4.53Ha4.56 23.24a23.26 4.54 a4.56 Ji Feb.24 40.47 Ha40.50 40.48a40.50H 40.43 Ha40.46 40.44a40.46H Feb. 25 40.45 23.26a23.26Ji 4.54 a4.57 Feb. 26 40.48 Ha40.50 40.49a40.50H 18.93 23.24i2a23.25i2 4.53Ha4.56 Feb. 28 SUNDAY 19.83al9.93 I9.83al9.93 HOLIDAY Feb.13 23.26Jia23.28 23.27a23.28H 4.54 a4.58 23.30a23.31 23.30 Ha23.32 4.54Jia4.58 23.29Ha.30H 4.54Ha4.57 23.28a23.29 23.28 Ha23.30 4.54Jia4.55H 18.90Hal8.93 18.89Hal8.92 18.90 al8.93 al8.98 Feb.12 23.29a23.30 Checks al8.92 40.34 Feb.14 a23.2i Cables Hungary 40.34Ha40.37 40.35 40.33Ha.35H 40.34 23.23Ha.26H 4.53 Jia4.56H a3.26H 3.26Ha3.26M 23.24a23.25 3.25Ha3.25H 3.25>ia3.25 % 23.23a23.23H 3.26 23.23 Jia23.25 a3.26H 3.26Ka3.27 3.26Xa3.26H 3.26 5^ a3.27 23.25Ha23.26 fS hmhQH boob a vb5\ a o a a © Cn Cn cn Cn Cn OI OI OI OI OI OI Oi Oi Oi Oi 0 tO « Oi Cn Cn Cn Cn Cn I Schilling 23.20a23.21Ji 23.19 Jia23.20 23.18 Jia.l9Ji 23.19 Jia23.21 3.26«a3.27H 23.24 (5 Austria 3.26 3.26^a3.27 ft Germany 3.28Ha3.28^ 23.25a23.26 Feb. 27Feb. 28.. ft Reichsmark a3.28H 3.28^a3.28J^ 23.21a23.24 Feb. 22-. Feb. 24.. ft Escudo SUNDAY 3.28 ft o* cr cr cr crcrcrcr cr OF FOREIGN EXCHANGE SUNDAY 3.29?^a3.30M 3.28^a3.29^ 3.28J^a3.29 H 3.29 a3.29 A 3.28J4a3.30H Feb. 20.. Feb. 21- ft and HOLIDAY 3.29Ma3.30^ 3.28^a3.29 3.28^a3.29M 3.28}^a3.29 3.28 a3.29^ 3.28Xa3.28y& ft Portugal Checks shown January >t0H-OCD00-JC50»4i.Wt0t-* Feb. 23, declined 3.28tfa3.29H 23.18Jia.l9Ji 23.18 Ha23.20 3.27Ha3.28H 23.l7a23.18 23.17Ha.18H 23.18 Jia.l9Ji 23.19a23.19Ji 3.27Ha3.28 23.21a23.22 3.28Jia3.29 23.21Ha.22H 23.21a23.22 23.21 Ha.22H 3.28Ma3.29 Feb. 13Feb. 14- ft H* loan SUNDAY 7.. Feb. was in 53) page ft Franc ^ 6- Feb. (6 Switzerland Franc : on ft o by the reporting New York DAILY RATES as released points business I X ►-"* £ e» o» industry and agriculture to high whole trj trj hej t=ej ^ *J hj hj btj trj trj trj ft Cn Cn Cn Cn Cn Cn Oi banks, in the four weeks from Jan. 26 France statistics Jr* V- The weekly reporting from Jan. 19 to loans the the on cn $46,000,000, and total loans decreased $145,000,000. The banks in 101 cities bought $17,000,000 more direct gov¬ ernment securities, $20,000,000 more government-guaranteed securities, and $54,000,000 more other securities. Feb. I a ft ft Cn Cn Cn Cn declined Loans and would to K3 W tO>- weeks $54,000,000 in total an here, fears business level in Great Britain, statements b acquired, it was disclosed in an announcement on Feb. 1, was a $50,000,000 advance to United States Steel, in which New York, Chicago and Pitts¬ burgh banks participated. Total loans of the reporting New York banks, however, decreased $75,000,000. They bought $15,000,000 more government-guaranteed securities and $52,000,000 more other securities, and sold out $23,- Feb. showing lines of British trade from but Cn banks 000,000 of direct government issues. British recession a to to to to to to to to to I- I 00>*J OSOi^WtOH-'OtCX these new foreign reported that recession some autumn, crccro'o'o'o'o'o'o'crcro'crcro' cr cr o* District in In (Continued and agri¬ rise that _ $12,000,000. the industry was of Amsterdam. and again were business the ftftftftftftftftftftftftftftftft "in to commerce, trend London February. Year-end statements showed that British deposits and bank clearings reached record levels in 1937, reporting New York City banks declined only $31,000,000 period, reported in banking and which proceeded rapid rate in the last four months of 1937, had passed more violent phase. The total loans and investments of this to London in undoubtedly continued at at a in was securities. adversely affected. reached review that the liquidation of bank credit, the It investors of consequence widely held also bringing these facilities to the attention of those who might be interested." Indications appeared during the four-week period under its r: noticeable a York Continental decreased Reserve monetary situ¬ ' < . However, toward the end of the month it endeavoring to increase their industrial advances. George L. Harrison, President of the Federal Reserve Bank of New York, sent a letter on Feb. 16 to banks, financing institu¬ and even New a tions French ; \ gold to New York. that credit, the Federal Reserve authorities have been more the to as "/• $412,000 and commitments to make advances were lower by $310,000. In view of the clamor of small business men for felt V v. The business depression here was reflected in the practi¬ cal cessation of the movement of foreign funds to American securities. This was best seen in the extremely meager but Treasury bond Reserve the the the holdings declined $12,S90,000 and note and discount bill holdings increased $2,890,000 and $10,000,000, respectively. Industrial from transfers. The System's portfolio of government securi¬ $10,148,000. ties declined during the month the pound high which it touched on quoted in New York at $5.03 1/16 for far not Nov. 8, when it cable circles The four weeks from Jan. 26 to minor COURSE OF STERLING EXCHANGE DURING FEBRUARY redemp¬ bank note Feb.27 18.94 18.95 18.93 18.94 a40.47 40.45Ha.47 H 18.91 al8.94 18.92 al8.95 al8.95 18.93Hal8.96 19.85al9.93 19.84al9.93 19.84al9.95 19.85al9.93 SUNDAY .. 40.46Ha40.48 40.47a40.48H 18.94 al8.95 18.94 Hal8.96 19.84al9.93 18 MONTHLY REVIEW DAILY RATES OF FOREIGN EXCHANGE—(Concluded) Netherlands Poland Greece Belga Guilder Zloty Drachma Checks Cables Checks Cables 1.. 55.90 a55.93 18.98al9.01 Feb. 1 .91 Ka.92 55.84 Ka.87K 18.97al9.01 Feb. 2 .91 .91 Kfl-92 Feb. Feb. 6- Feb. 7.. Feb. 8.. Feb. 9. Feb. Feb. Feb. 10. Feb.11. 55.71 55.71 16401s2% premium 55.79 18.97al9.01 Feb. 3 55.89 a55.91 l8.97al9.01 Feb. 4 .91K0.92 .91Ka.92K i 55.89 Ka55.9l 18.98al9.01 Feb. 5 .91Ka.92 .91Ka.92K Feb. 6 *1280*64% premium SUNDAY 1640*64% premium 1320»64% premium »i2so132% premium 55.24 — e 55.79 <a132% premium 55.63o55.79 55.63 C55.90 55.88 Ka55.9l a55.90 55.88 Ka55.91 18.97al9.01 Feb. 7 .91 Ka.92 18.97al9.01 Feb. 8 .91K0.92 .91Ka.92K .91K0.92K a55.89 18.97al9.00 Feb. 9 .91K0.92 .91K0.92K 055.92 18.97al9.01 Feb. 10 .91 Ka.92 .91Ka.92K 1640132% premium 55.10o55.24 055.97 55.93 Ka55.98 HOLIDAY 18.98al9.01 Feb. 11 .91Ka.92 .91Ka.92K 54.95 Feb. 12 *820*64% premium HOLIDAY 55.88 55.88 55.87 Ha.88H 55.88 55.88Ha55.91 55.89 55.93 Feb.12. 1«40,ii8% premium 5«40*ii8% premium Ka.92K .91Ka.92K .91K0.92K 55.85 Ka55.87 SUNDAY 16.94Kal6.96 16.94Ka.96K 16.96 al6.97 16.96 Ka.97K 16.95Kal6.96 16.95Ka.96H 16.95Ka.96K 16.96al6.97K 16.98Kal6.99 16.98Ka.99K Checks Checks .91 Ka.92 Peso Dolla Cables 2- l6.93Hfl.94K 16.94al6.94K 55.89 Ha55.92 16.93al6.93K 16.93Ka.93K 55.84a55.86K 3.. 16.93al6.93K 16.93Kal6.94 55.85 o55.8B 4.. 16.94al6.94H 16.94Kal6.95 55.88 a55.90 a55.90 5.. 16.94 Hal6.95 16.95al6.95K 55.89 Feb. Feb. Checks Checks Colombia Canada Belgium 55.10 SUNDAY Feb. 13—— 18.99al9.01 Feb. 14 .91 Ka.92 .91K0.92K *320*64% premium 54.95 Feb.15- O56.04 55.97 Ka56.06 al7.00 55.97 16.98Ka.99K 16.99 a56.10 16.99 al7.00 16.99Ha.00K 56.06Ka66.09 56.07 18.98al9.01 Feb. 15 .92 a.92K *640*16% premium 54.89 Feb.16- 17.02 al7.03 17.02Ka.03K 56.14Ka56.16 56.16a56.l6K a56.12 56.10Ka56.13 17.02al7.02K 17.02 Ka.03K 56.10 a56.15 17.01 al7.02 17.01 Hfl.02K 56.02Kfl56.14 56.03 I8.98al9.01 Feb. 16 .91Ka-92 .91Ka.92K *i60564% premium 54.80 18.97al9.00 Feb. 17-. .92Ka.92K .92Ka.92K *160® 12 8% premium 54.89 18.97al9.01 Feb. 18 .92 a.92K *6407i28% premium 54.89 a56.00 55.96 Ka56.01 I8.97fll9.01 Feb. 19 .91K0.92 .92 0.92K 54.65 Feb. 20 *320*64% premium SUNDAY Feb. 21 .91Ka.92 .91K0.92K *640*128% premium HOLIDAY 23 .91Ka.92 .91Ka.92M *640*128% premium 54.65 .91 .91K0.92K Par 54.65 *64% disc, o par 54.65 *64% discount a par 54.65 *ii8% discount a par SUNDAY Feb. 13- Feb.14- Feb. 17- Feb. 18Feb. 19- 16.99al6.99K 16.99 Hal7.00 55.96 SUNDAY Feb. 20Feb. 21- 16.98Ka.99K 16.99 a55.95 55.89Ka.95K al7.00 55.89 18.97al9.00 Feb. 22 HOLIDAY Feb.22. 16.98 Feb. 23. 16.98K Feb.25Feb.26. 18.97al9.00 Feb. a55.96 55.93 Ka.96K 18.97al9.00 Feb. 24 O56.00 55.96a56.01K 18.98al9.01 Feb. 25 Ka.92 .91Ka.92 a56.01 56.00 K a-OIK 18.97al9.00 Feb. 26 .91Ka.92 .91Ka.92K .92 a.92K Feb. 27 Feb. 28 .91Ka.92 .91 Ka.92K 55.95Ka56.01 55.96 16.97al6.97K 16.97 Kal6.98 55.93 16.98al6.98K 16.98 Kal6.99 55.95 l6.98Kal6.99 16.99al6.99K 56.00 Feb.24. a56.03 SUNDAY Feb.27- 16.97i2al6.98i2 16.98al6.99 Feb.28. a55.99 55.98 Ka56.00 55.98 18.97al9.0l Denmark Sweden Krona Cables Cables Checks 25.83 K 22.37a22.37K 22.37Ka22.38 25.81 025.82 22.35 22.35K 25.81 Ka.82K 22.36 22.36 F3b. Feb. a22.38 22.37 Ka22.39 25.83 a22.38 25.83 22.36Ka.37K 22.37 a25.84 22.37 Feb. Feb. a25.84 25.84 2.21Ka2.2lK Feb. 22.36 Ka22.37 22.37 22.36 Ka.37K 22.37 Feb. Feb. a22.38 25.82 Ka25.84 025.84 a22.38 25.83 22.36a22.37K 22.36 Ka22.38 25.82 Ka25.84 22.37a22.38K 22.37 Ka22.39 25.83Ka.85K 22.41a22.41K 22.41 Ka22.42 25.87a25.88K Feb. Feb. 10 Feb.11 025.85 83Ka.84K 83 a25.85 ,84 025.86 ,87Ka25.89 2.21Ka2.21K 2.21Ka2.21K 2.21Ka2.22 2.21Ka2.22 2.21Ka2.22K Feb. 33.40o33.42 33.41o33.43 5.84o5.89 5.85O5.90 5.16o5.19 Feb. 33.38 33.39 5.8105.89 5.82o5.90 5.1605.19 Feb. 33.39 33.40 5.8105.89 5.82o5.90 5.16o5.19 Feb. 33.41o33.42 33.42033.43 5.80o5.89 5.81o5.90 5.1605.19 Feb. 33.40033.41 33.41o33.42 5.80a5.89 5.81o5.90 5.160.519 SUNDAY Feb. 33.40a33.41 33.41o33.42 5.80O5.89 5.81o5.90 5.16o5.19 Feb. 33.40a33.41 33.41o33.42 5.80O5.89 5.81a5.90 5.16o5.19 FeD. 33.40 33.41 5.80O5.89 5.81a5.90 5.1605.19 Feb. 10. 33.40033.42 33.41a33.43 5.82o5.89 5.83a5.90 5.1605.19 Feb. 11. 33.46 33.47 5.8305.89 5.84O5.90 5.1605.19 HOLIDAY SUNDAY 88 Feb. 14. 33.46 33.47 5.83o5.89 5.84O5.90 5.16a5.l9 a25.93 91 Ko25.94 2.21Ka2.22K Feb. 15. 33.51o33.52 33.52o33.53 5.83o5.89 5.84O5.90 5.1605.19 22.48Ka.49K 25.95 025.96 95Ka.96K 2.22Ka2.23 93a25.94K 2.22Ka2.22K Feb. 16. 33.56a33.57 33.57a33.58 5.81o5.89 5.82O5.90 5.1605.19 Feb.17. 33.64 33.55 5.8405.99 5.85O6.00 5.16o5.19 89 2.21Ka2.22K Feb.18. 33.50a33.54 33.51o33.55 5.83o5.99 5.84a6.00 5.1605.19 86Ka.87K 2.21Ka2.22K Feb. 19. 33.46 33.47 5.83a5.89 5.84O5.90 5.1605.19 5.8505.95 5.1605.19 22.43Ka22.46 22.44 Feb.16 22.48 a22.49 Feb.17 22.45 o22.46 22.46 Feb. 18 a22.44 22.42 Ka22.45 25.88 Ka25.91 025.87 022.42 25.86 22.39Ka22.41 22.40 a22.47 25.92 Ka25.94 22.42 O25.90 2.21Ka2.22K 025.92 33.38o33.40 Feb.23. 33.45033.46 33.46033.47 Feb. 24 Feb. 25 22.40 Feb. 27 a25.88 a22.42 22.40Ka.42K 25.86 a25.89 022.43 25.87 22.41 Ka22.42 22.42 SUNDAY 84Ka.86K 2.21Ka2.22 86Ka.88K 2.21Ka2.22K 87Ka.89K 2.21Ka2.22K Feb. 24. 33.42o33.44 Feb. 25. 33.45033.47 Feb.26. 33.47o33.49 33.48o33.50 Feb. 28 22.40 22. HOLIDAY 5.85o5.94 5.8605.95 5.1605.19 33.43a33.45 5.8405.94 5.8505.95 5.1605.19 33.46033.48 5.85a5.94 5.86o5.95 5.1605.19 5.8905.94 5.90a5.95 5.1605.19 5.90a5.95 5.1605.19 SUNDAY Feb.27- a25.88 26.86 Ka.88K 2.21Ka2.22 a22.4l 22.40 Ka.41K 25.86 Feb.21. Feb. HOLIDAY 22.40a22.40K 22.40 Ka22.41 25.85Ka25.88 a25.86 O22.40 25.84 22.38Ka.39K 22.39 5.8405.94 33.39o33.41 86a25.88 K 2.21Ka2.22 a25.86 25.83 Ka.86K 2.21Ka2.22 22.37Ka22.39 22.38a22.39K 25.83 Feb. 22 SUNDAY Feb. 20. SUNDAY Feb. 20 Feb. 26 Checks a25.89 22.41 Feb. 15 Feb. 23 Cables a22.42 22.41 Ka22.43 25.87 a22.47 25.91 Feb. 14 Feb. 21 Checks Feb.13. SUNDAY Feb.13 Peso Cables Feb. 12. HOLIDAY Feb. 12 Feb. 19 83 54.65 Chile Milreis Peso Feb. SUNDAY *«4% premium Checks Checks ,81Ka.82K 2.21Ka2.21K ,82 a25.83 2.21 a2.21K ,83Ka25.85 2.21Ka2.22 ,83Ka.84K 2.21Ka2.21K a Brazil Argentina Markka Checks \: 54.65 , SUNDAY Finland Krone Feb. ,91Ka.92K .91K0.92K - Feb. 28- 33.46 33.47 5.8905.94 Czecho¬ Norway Spain slovakia Bolivia Ecuador Uruguay Venezuela Peru Krone Peseta Koruna Boliviano Sucre Peso Bolivar Sol Yen Cables Checks Checks Checks Checks Checks Checks Checks 6.11 3.51Ka3.51K 3.51Ka3.5lK 3.61Ka3.5lK 3.51Ka3.51K 3.51Ka3.51K Cables Checks Feb. Feb. Checks 6.11 6.09 Feb. Feb. 6— Feb. 7— 25.17Ka25.19 25.18a25.19K 6.08 Feb. 8- 25.17Ka25.18 25.18a25.18K a25.19 25.17Ka.19K 9~ 25.17 6.10 a25.20 25.18Ka.20K 6.11 025.24 Feb. 11— 25.22Ka.23K 25.23 HOLIDAY Feb. 12— SUNDAY Feb. 13— 6.07 Feb. Feb. 6.11 ,4— 25.18 6.11 SUNDAY Feb. 10— 25.18 Feb. 14— 25.22o25.24K 25.22 Ka25.25 025.28 Feb. 15— 25.25Ka25.27 25.26 6.10 3.51Ka3.51K 3.51Ka3.51K 3.51Ka3.5lK 3.51Ka3.51K 3.51Ka3.5lK 3.50 7.32 65.95a66.00 31.00 2. 3.50 7.32 65.88a66.00 31.00 Feb. 3. 3.50 7.32 65.90a66.00 31.00 Feb. 4. 5.00 7.32 65.95o66.00 31.00 Feb. 5- 5.00 7.32 65.95a66.00 31.00 6. Feb. 7. 5.00 7.32 65.93066.00 31.00 24.37a24.50 29.03o29.04 Feb. 8. 5.00 7.32 65.94a66.00 30.50 Feb. 9. 5.00 7.32 30.50 24.37o24.50 29.03a29.04 24.37a24.50 29.03o29.04 Feb.10. 5.00 7.32 Feb.11. 5.00 7.32 65.93066.00 65.95066.00 66.00a66.08 6.09 6.08 o25.31 25.30Ka.31K 6.08 a25.29 25.28 Ka.29K 6.11 Feb. 18- 25.24 025.26 25.24Ka.26K o25.22 25.21 Ka25.23 6.08 6.11 :• 30.50 24.25a24.50 29.02a29.03 30.50 24.25a24.60 29.03fl29.09 HOLI DAY Feb.14. 5.00 7.32 66.00o66.07 30.00 3.52 03.52K 3.52Ka3.52K 3.52Ka3.52K Feb.15. 5.00 7.32 66.00o66.17 30.00 Feb. 16. 5.00 7.32 Feb. 17. 5.00 7.32 66.00o66.26 66.00o66.21 30.00 3.52Ka3.52K 3.51Ka3.5lK Feb.18. 5.00 7.32 66.00o66.22 30.00 Feb.19. 5.00 7.32 66.00a66.05 30.00 6.08 3.51Ka3.5lK 025.23 6.06 Ka25.22 6.06 Feb.21. 30.00 24.25o24.50 29.03o29.06 24.25a24.40 29.04o29.07 24.25a24.50 29.07o29.12 24.37a24.50 29.05o29.07 24.37a24.50 29.06a29.07 24.37a24.50 29.03o29.07 SUN DAY Feb. 20. SUNDAY M SUN DAY 3.51Ka3.51K 025.21 Feb. 21— 25.18Ka25.20 25.19 HOLIDAY Feb. 22- 24.37a24.50 29.03o29.07 24.37a24.50 29.04a29.09 24.37a24.50 29.05a29.06 24.37a24.50 29.04a29.06 SUN DAY Feb.13. No Quotations Feb. 17— 25.28 Feb. 20- 1_ Feb. Feb.12. Feb. 16- 25.30 Feb. 19— 25.21 24.37a24.50 29.04o29.07 Feb. Feb. 025.19 1— 25.17Ka.18K 25.18 a25.17 25.16Ko.17K 2- 25.16 3- 25.16Ka25.17 25.17o25.17K a25.19 25.18Ka.19K 025.19 5- 25.17Ka.18K 25.18 Feb. Japan </'. 7.32 65.95a66.00 7.32 66.00o66.04 5.00 7.32 5.00 7.25 5.00 5.00 5.00 30.00 24.37a24.50 29.02o29.06 HOLI DAY Feb.22. 6.05 6.04 Feb. 28- 25.22a25.22K 25.22 Ka25.23 6.06 3.51Ka3.51K Feb. 25— 25.21 Ka25.24 25.22 Feb. 26- 25.23 Feb. 27- Lei Lira 5.00 Feb.24. Feb. 25. Feb.26. Feb.28- Peso Checks Checks 1.25ol.27 Feb. 3- 2.34Ka2.36 2.33% a2.36 2.33Ka2.35K Feb. 4— Feb. 5- 1.25ol.26 1.25ol.26 1.25ol.26 2.34 1.2501.26 2.34Ka2.35K 02.36 9— 5.2605.26 K Feb. 10— 5.2605.26K 5.2605.26K .74Ka.75 .74 a. 75 Feb. 12— .74Ka.75 .74Ka.75 .74Ka.75 HOLIDAY Feb. 13— Feb. 18— 5.2605.26K 5.2605.26K 5.2605.26 K 5.2605.26K 5.2605.26K Feb. 19— 5.2605.26K 5.26Ka5.26K 5.26Ka5.26K 5.26Ka5.26K 5.26Ka5.26K 5.26Ka5.26K 5.26Ka5.26K 5.2605.26 K 5.26Ka5.26K Feb. 23- 5.2605.26 K Feb. 24Feb. 25— 5.2605.26K 5.26a5.26 K Feb. 26- 5.2605.26K 5.26Ka5.26K 5.26Ka5.26K 5.26Ka5.26K 5.26Ka5.26K 5.2605.26 K 5.26Ka5.26K Feb. 14— Feb. 15— Feb. 16- Feb. 17- Feb. 21— 58.75o58.80 37.85o37.86 56.02 50.00 58.63o58.75 37.82o37.83 55.97 Feb. 3. 31.28o31*ie 60.00 58.68o58.80 37.82o37.84 55.98 Feb. 4. 31.28a31*i4 29.56o29K 29.56o29K 5. 31.25031*14 6. 56.02 56.01 56.02 Feb. 7. 31.28o31*i4 29.57029**42 49**i6o50.00 58.67a58.80 37.83a38.87 Feb. 8. 31.25o31*i4 29.57029**62 49**16050.00 58.68o58.80 37.84o37.87 2.34Ka2.36 Feb. 9. 31.25031*14 29.57029**12 49**14050.00 58.67o58.80 37.84o37.87 1.25al.26 2.34 02.35K 1.25al.26 02.36 Feb. 10. 31.25o31*u 29.57029**62 2.34Ka2.36 Feb. 11. 31.34o31K Feb. 12. 29.63o29*«i4 49**16049**16 58.78058K HOLI DAY Feb. 13. 1.25al.26 2.34 a2.35K Feb. 14. 31.34031K 1.25ol.26 2.34 02.36 Feb. 15. 31.40o31»i4 1.25al.26 2.34Ka2.37 2.34Ka2.36 .73Ka.75 1.25al.26 .73Ka.75 .73 Ko.75 1.25al.26 2.34 1.25al.26 2.33Ka2.36 1.25al.26 2.33Ka2.36 1.25al.26 .73Ka.75 49**16050.00 58.70o58.85 37.84o37.86 29.58029**16 49**14050.00 58.68o58.80 37.83037 89 SUN DAY 2.34 a2.36 49**16 58.68o58.80 37.85o37.90 37 91037.96 56.01 56.00 v 56.03 56.10 SUN DAY 58.78058**14 37.94o37.97 56.16 58.86o59.00 37.96o38.00 56.25 Feb. 16. 31.43o31K 29.65o30.00 49 H a49K 58.95o59*ia 38.02o38.05 Feb. 17. 31.44o31**i4 29.70a30*ta 49K 049.85 58.92o59*i4 38.00a38.01 Feb. 18. 31.46031K 29.68o30.00 49K 049.85 58.92o58.96 37.98o37.99 29.61o29**i4 49K o49K 29.66029**32 49 % a49H 56.30 Feb. 19. 31.39o31»ie 56.26 56.18 37.90a37.91 56.12 Feb.20. 29.62a29**ie 49K 049.85 58.80O58K SUN DAY Feb. 21. 31.37o31K Feb. 22. 29.58029**16 49K 049.85 58.69058 K HOLI DAY 37.86a37.87 56.10 Feb. 23. 31.38031K Feb. 24. 31.37031K 29.58029**61 49H 049.85 58.78058 K 29.56029**62 49H 049.85 58.73058 K 37.90o37.91 56.11 37 85o37 87 56 10 1.25al.26 2.33Ka2.36 2.33Ka2.36 2.34Ka2.37 Feb. 25. 31.38o31K 56.16 1.25al.27 2.34 a2.36 Feb.26. 31.38a31»i6 Feb. 27. 29.56O29»*4» 49K 049.85 58.78o58.95 37.89o37.93 29.66a30.00 49H a49.85 58.81o59.00 37.91o37.93 1.25al.26 2.33Ka2.36 Feb. 28. 31.38o31»i6 1.25ol.26 SUNDAY Feb. 27— Feb. 28— Feb. a. 75 .73Ka.75 .73Ka.75 .74Ka.75 .73Ka.75 Checks 50.00 29.58o29**i6 2.34Ka2.35K HOLIDAY Feb. 22— Checks Checks 29.58o29*«i6 Checks .73Ka.75 .73Ka.75 Checks Checks 1. 31.31031K 1.2501.26 SUNDAY Feb. 20— Guilder 2. 31.25o317u .73Ka.75 .73 Java Rupee 1.25al.26 1.25al.26 SUNDAY Feb. 11— India Dollar Settlem'ts Feb. Feb. SUNDAY 24.37a24.50 29.02o29.04 Feb. Checks .73Ka.75 .73Ka.75 .73Ka.75 .73Ka.75 .73Ka.75 Feb. Straits Islands Cables 5.26Ka5.26K 5.26Ka5.26K 5.26Ka5.26K 5.26Ka5.26K 5.26Ka5.26K 30.50 SUN DAY Shanghai 5.26Ka5.26K 5.26Ka5.26K 5.26Ka5.26K 5.26Ka5.26K 5.26Ka5.26K 5.2605.26 K 5.2605.26 K 66.00a66.06 YuanDollar Checks 8- 24.37a24.50 29.03a29.05 7.25 Dollar 5.2605.26 K 7- 30.50 Hongkong 5.2605.26K 6- 66.00o66.10 Dinar 1— Feb. 24.37o24.50 29.03a29.05 24.37a24.50 29.02o29.05 7.25 Yugoslavia 2_. Feb. 30.50 Lev Feb. Feb. 30.50 66.00o66.08 Bulgaria Feb. 5.2605.26K 5.26o5.26M 5.2605.26K 24.37a24.50 29.03o29.05 65.99a66.00 Feb.27. Rumania Italy Feb.23. 30.00 Philippine 025.25 a25.24 25.23Ka.24K SUNDAY 3.51Ka3.51K 3.51Ka3.51K 3.51Ka3.51K 3.51Ka3.51K Feb. 23- 25.21 Ka25.22 22.22 025.21 25.20 Feb.24— 25.20 56.16 SUN DAY 29.63o30.00 49M 049.K 58.81059.58 37.90o37.93 56.14 . BOND PRICES DURING FEBRUARY 1938 RANGE OF * Bond Sales 1938 February Jan. 1 to Feb. 28 Stock Sales 1937 NOTICE—Cash and deferred delivery sales are disregarded in the outside of the regular monthly range are shown in a footnote in the : February $285,459,000 628,146,000 .$127,693,000 293,503,000 19 to 40 furnish pages February, 1938, and the embrace every range security dealt in complete record of the transactions a They need since Jan. 1. on 1937 , 14,526,094 38,678,025 50,248,010 108,919,425 month's range unless they are the only transactions of the month, and when selling month in which they occur. No account is taken of such sales in computing the ■ on _ Jan. 1 to Feb. 28 range for the year. The tables 1938 , Shares no extended introduction, /; the New Fork Stock Exchange during on as they are self-explanatory. The tables We give bonds first, using the classification adopted in the official list. the Exchange. The black-faced letters in the column headed "Interest Period" indicate in each case the month when the bonds mature. In accordance with the rule are at a adopted by the New York Stock Exchange in 1909, all quotations for interest-paying bonds price to which accrued interest must be added. The exceptions to the rule are income bonds and bonds on which interest is in default. sent one or more Sales in a quoting bonds became effective Jan. 2,1909. N. T. STOCK Quotations after decimal point repre¬ point. PRICES IN FEBRUARY Price BONDS February Value This method of 32ds of EXCHANGE It RANGE SINCE JAN. 1 Jan. 3 Feb. 1 1938 5 a. Bid Ask Bid Feb. 28 Ask Bid Ask Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices U S GOVERNMENT BONDS 155,000 Treasury 4 M« 2,000 Registered. Oct 15 1947-1952 A O A ....... 189,000 Treasury 3Ms—-----Oct 15 1943-1945 6,000 Registered 359,000 Treasury 4a Dec 15 1944-1954 2,000 Registered.....—— 47,000 Treasury 3%t Mar 15 Registered...... 255:655 Treasury 3H*—June 15 Registered....... 84b:6oo Treasury 3s...—...Sept 15 2,000 Registered—.....—. 296,000 Treasury 3s—...Juae 15 1946-1956 J 116.22 Sale 117.4 10774 107718 167.26 10876 117.18 117.20 Sale 117.2 Feb. 117.21 Feb. 28 Jan. 117.24 Jan. 117.7 Feb. 117.7 Feb. 7 117.7 Feb. 117.7 Feb. 7 107.15 Feb. 108.10 Feb. 26 107.2 Jan. 108.10 Feb. 26 107.14 Feb. 107.25 Feb. 21 107.14 Feb. 108.1 Jan. 18 Sale 112.20 Feb. 113.6 Feb. 25 112.2 Jan. 113.11 Jan. 20 113 Feb. 113 Feb. 25 112.17 Jan. 112.17 Jan. 13 Sale" 111.5 Feb. 111.21 Feb. 28 110.27 Jan. 111.22 Jan. 18 107.18 Jan. O A O Sale Sale D J D J 112 112.11 112.26 Sale 110.9 110.29 110.31 111.17 111.21 113.6 D M 8 M D J 157.18 Sale 107.31 108.14 108.20 Sale 107.30 Feb. 8 108.22 Feb. 28 108.22 Feb. 28 107.15 Jan. 108.12 Jan. 18 104.4 Sale 104 104.25 Sale 104.7 Feb. 104.30 Feb. 25 104 Jan. 4 104.30 Feb. 25 104.21 Sale 104.11 Feb. 14 104.21 Feb. 28 104.11 Feb. 14 104.21 Feb. 28 Sale D 1951-1955 M S 105 M S J D J Registered............. ...—. 71,000 Treasury 3M June 15 194643 J 2,000 J Registered....... D 8 105710 Sale" 105.28 Sale" 106.2 106.9 106 Sale 106.8 D 145,000 Treasury 3Hs.......Msr 15 1941-1943 M 1946-1948 18 8 1943-1947 J .....—— 116.22 — 105.17 Feb. 8 106.4 Feb. 28 105.6 Jan. 4 106.11 Jan. 19 105.29 Feb. 106.8 Feb. 25 105.29 Feb. 106.13 Jan. 19 105.28 Feb. 14 105.28 Feb. 14 105.28 Feb. 14 106.3 Jan. 12 106.30 Feb. 10 107.13 Feb. 26 106.30 Feb. 10 107.13 Feb. 26 D Sale io?" Saie" 10773" sTle" bale 107.11 Sale 143:665 M 8 Registered.....— ... Treasury 3M« June 15 1946-1949 J D 105.28 Sale 106.13 Sale 106.25 Sale 106.6 Feb. 7 106.28 Feb. 26 IcB' 28 Jan. 3 106.28 J D 308:665 Treasury 3M>——Dec 15 1949-1952 J I> 105.22 Sale 10678" Sale" 106.16 Sale 106.3 Feb. 8 106.22 Feb. 26 105.19 Jan. 106.22 J D Registered.............— Treasury 3M« Aug 1 1941 F A 105.20 Sale 806:665 107711 Sale" 107718 Sa"le"~ 10775" Feb"."! 107.24 Sale 108.3 Sale 107.13 108.2 Sale 107.10 102.2 Feb. 102.2 104.24 104.2 Registered............. Registered ... .... F 107.4 Sale 107.3 Sale Jan. 15 Feb. 26 105.20 Jan. 3 105.20 Jan. 3 107.20 Feb. 24 107.4 Jan. 3 107.22 Jan. 18 Feb. 108.7 Feb. 28 107 Jan. Feb. 108.2 Feb. 28 106.30 Jan. 108.2 Feb. 102.25 Feb. 25 101.25 Jan. 102.25 Feb. Feb. 102.15 Feb. 23 101.24 Jan. 102.15 Feb. 23 Feb. 104.23 Feb. 25 103.25 Jan. 104.29 Jan. 20 20 A 253,000 Treasury 3M>—..—Apr 15 1944-1946 A O 9,000 Registered........... 1,102,000 Treasury 2Hs Mar 15 19554960 M 8 12,000 L. Registered 106.30 Sale 101.30 Sale 10278" Sale" 102.18 Sale 101.24 Sale 346,000 Treasury 2Mb.....Sept 15 1945-1947 M S 697:555 Registered........... Treasury 2 Ms Sept 15 1948-1951 ms Registered — 641:665 Treasury 2M> 366:555 Treasury 2M*-- 879,666 Treasury 2Ms......Dec 103.26 Sale 164713 S~a~le~ 104.9 102.1 108.7 Feb. 28 28 25 102.12 Sale 102.21 Sale 102.7 Feb. 4 102.25 Feb. 26 101.30 Jan. 102.29 Jan. j~D 166731 Sale" 101715 Sale" 101.25 Sale 101.7 Feb. 7 101.30 Feb. 25 10173"" Jan7 101.30 Jan. 19 m"§ 101.6 1017l9 Sale 101.4 Feb. 2 101.22 Feb. 28 Jan. 4 101.22 Feb. 28 Sale Jan. 4 100.10 Feb. 25 Feb. 24 Sale — June 15 1951-1954 Registered......... Sept 15 1956-1959 100.30 Sale bale 100.26 Registered....... 1,000 j"d "55723 Sale" i667l" Sale" 100.8 Feb. 25 100.4 15 1949-1953 Feb. Feb. 24 103711 Saie" 99.27 102717 Sale" 103718 Saie 103.1 Feb. 7 103.22 Feb. 25 102.14 103.10 104 104.6 104.22 Sale 104.2 Feb. 3 104.22 Feb. 28 103.28 Jan. 28 104.30 Jan. 19 103725 Sale" 103.28 Sale 104.6 103.20 Feb. 8 104.8 Feb. 25 103.15 Jan. 27 104.12 Jan. 18 103730 Sale" 103725 164.8" 104717 Sale"" 103 73~1 Feb". 25 103.22 Jan. 27 104.26 Jan. 19 102726 Sale"" 103" 103.8 102720" Feb". Registered-.....—. 897,000 Treasury 2Ms...........Dec 15 1945 J J Registered...............—... Federal Farm Mortgage 98.000 3M» Mar Registered.... 254,665 3s 244:666 3s D Feb. 7 100.10 24 100.4 99.18 Jan.10 100.4 4 103.22 Jan. Feb. 25 D Corp— 15 1944-1964 m s Sale ..... May 15 1944-1949 M N Registered 99.25 Sale ....— Jan 15 1942-1947 i j 104.17 Feb. 103.6 Feb. 24 8 104.7 Registered... 188:665 Mar 1 1942-1947 2M« m"s 102718" Jan7"27 1037l7 Jan7"l9 Home Owners Mtge Corp— 3s Series A May 1 1944-1952 MN 103.25 Sale 103.28 Sale 104.4 Sale 103.23 Feb. 1,063:665 2Mb Series B Registered Aug 1 1939-1949 FA 161725 Saie" 101.29 Sale 102.10 Sale 101.24 Feb. 622:606 2Mb series G July 1 1942-1944 101722 Sale" 10272" Sale" 101714 Feb". 388,000 Registered. Feb. 25 103.19 Jan. 17 104.15 Jan. 19 102.14 Feb. 25 101.19 Jan. 27 102.14 Jan. 19 102.8 Feb. 25 10176"" Jan7~ Feb. 16 22 M Feb. Feb. 16 16M Jan. 17% Jan. 100M Jan. .... j"j 101.6 Saie 3 10278" Feb."25 FOREIGN GOVT. & MUNICIPALS Agricultural Mtge Bank (Colombia'— ♦Gtd sink fund 6s............1947 f A 11,000 ♦Gtd sink fund 6s—..........1948 A O 28,000 ......1963 M N 54,000 Akershus (Dept) extl 5s J 15,000 •Antloquia (Dspt of) Col 7s A—1945 J ♦External s f 7s ser B..........1945 22,000 ♦External s f 7s ser G..........1945 14,000 ♦External s f 7s sen D...... 1945 22,000 ♦7s 1st series.................1957 16,000 ♦7s 2d series..................1957 28,000 ♦7s 3d series ......1957 14,000 1958 30,000 Antwerp (City) extl loan 5s— Argentine Nation (Govt of)— Sinking fund external 4 Ms 1971 mn 352,000 S f external cony loan 4s—Feb 1972 F A 470,000 S f extl cony loan 4s...Apr 1972 A O 307,000 ....... For footnotes see page 0 A 30. 13 25% 13 22 100 M 101% 5M 6 19M 19M 102 5 6M 6M 6M 98 M 21M 6M 6M 5 25 % Sale 22% 22% 7% Sale 6% 6M 5% 5% 6% 5% 6% 6% 6 % m 35 Feb. 14 21M Feb. 24 21 100 % 100 M 100 M Feb. 7 M 7 M 7M 6% Sale 7% 8 Sale 8M 6% Sale 5% 8 99 M Sale 96 M 88 M Sale Sale 93 M 83 Sale Sale Sale 84 M Sale 88 M Sale 83 Sale 84 6M 6M 6M 6% 6M 5% 5% 99 M 93 M 84 M 22 3 102 8 7 M Feb 1 Feb. 7Vs 8 Feb. 7% 9 Feb. 7% 3 Feb. 6% 5 7 Feb. 7 " Feb. 11 1 100 M Feb. 89M Feb. 17 Feb Feb. Feb. Feb. 1 Jan. 27 6 Jan. 7} Jan. 10 26 6 Jan. 7 26 6M Jan. 7! 6 7\ Feb. 20 Feb. 26 Feb. 28 Feb. 26 Feb. 24 Feb. 20 26 Feb. 26 24 Feb. 26 Feb. 25 80 Feb. 17 80 Feb. 17 84 Feb. Feb. 16 22M Feb. 10 25 Feb. 94M Feb. 84M Feb. 22 2 2 2 102 Jan. 6M Jan. 5% Feb. 5% Jan. 99 6 7 7 Jan. 89 M Feb. 80 Feb. 80 Feb. 100M Feb. 25 17 96 M Jan. 88M Jan. 17 88M Jan. 17 3 3 3 N. Y. STOCK EXCHANGE—BONDS 20 Sales in Value - '& |t 276.000 123,000 1 196,000 ! 318,000 10,000 ■'2 49,000 • !- 69,000 ■63,000 20,000 30,000 28,000 169,000 228,000 165,000 93,000 37,000 .. 27,000 ' Government Foreign Price (Co»i<*««4) July 15 1955 PRICES IN 1938 Bid Ask Bid Ask Ask Bid 104)4 Sale 106 Sale M S 104 105 106% Sale 106% Sale L0554 Sale 1956 M N 100)4 Sale 101 Sale 101 1957 J J 103 Sale K A 22 2054 iu654 Sale 104)4 Sale 114)4 Sale 9954 100)4 18 23)4 20% Sale 21)4 Sale 19)4 Sale 16% Sale 19 16% 99 % Sale 9 9 \s 99% of 1928 f 7s.... External g Austrian Govt s ♦Bavaria (Free State) ext!6H>—1945 J J M S Belgium 25 year external 4HS---1949 i External s f 4s—............1955 J J D External s 1955 f 7s M S Bergen (Norway) extl 5s —1960 ♦Berlin (Germany) s f 614s .1950 A C J D 'External sinking fund 6s.....1958 ♦Brazil (U S of) ♦Ext external 8s.....1941 19S7 1957 ♦Cent Ry 30-year g 7s........1952 Brisbane (City) s f 5s.......—..1957 Sinking fund gold 5s .........1958 20-year a f 6s 1950 f g 6)4* of 1926... ♦Extl s f 6Hs of 1927 s I D A O A O J D 104)4 Sale 19% 22 107)| 107 115 101 19% 20% 18 \16% 16% i- '16 t A J D 102% Sale 102 22% Sale 22% 23% |70)4 106 60% 79 80 106 M S 70 85 F A 70 M S F A A O 60% 63% 82% Sale 24 20 m% 107% 106% 106%. 107% 106 112% L1254 Sale 101 L01)4 20 21% 2154 23% 21% 24% *20)4 Sale Sale 117)4 19% 20 19 Sale 11554 Sale 11554 18% Sale Sale Sale 1554 18% Sale 101 Sale 100)4 Sale 101 [00% 10054 100 102% 102 102% L02 P 3,000 ♦Budapest (City of) 2,000 ♦Buenos Airs •(Prov)ref.ext'ls f 6s ♦Stamped........ ........ 5,000 1961 4,000 ♦6)4a stamped ... 1977 264,000 Readjustment 454-454*— 1976 Refunding s f 4)4-4)4* 74,000 Extl readjust 4%»-4%n.m--—-- 1976 33,000 1975 Extl s f 4)4-4)4 $ bonds 90,000 16,000 3% external s f S bonds...... 1984 ..... MN 69% Sale 69% Sale 69)4 Sale 72% Sale J J 53 Sale 69 66% Sale ;47 Sale 1967 J J 31 % Sale '3154 33 Sale Sale 163% Sale |65)| 20% Sale 74 85 65 65 *7454 63% Sale 61% 64 60 65% 64% 67% 49% Sale 10654 Feb. 3 106% Feb. 2 102 105 Feb. 3 4 Feb. 22 Feb. Feb. 19 107 Feb. 10 107 Feb. Feb. Feb. 23 11554 Feb. Feb. 24 102% Feb. Feb. 5 23% Feb. Feb. Feb. Feb. Feb.. Feb. Feb. 8 22% 4 21 4 19 4 18% 4 18% 4 101% Feb. Feb. Feb. 21 8 101 8 10254 Feb. 24 Feb. Feb. Feb. Feb. Feb. 25 Feb. 1 74 47 Feb. 9 219,000 78,000 171,000 189,000 169,000 285,000 10,000 16,000 27,000 38,000 14,000 68,000 180,000 114,000 157,000 90,000 49,000 188,000 71,000 31,000 85,000 42,000 ■ 53,000j H-Boo 189,000 141,000 5,000 6,000 5,000 115,000 83,000 ♦Secured s f 7s—.— 1968 M N ♦Stabilization loan 7%* A O Canada (Dom) Gold 4s.......... 1960 .1952 M N 30-year gold 5s ... — 30-year 3s 1945 F 1961 J A 1944 J 1967 J J i Aug 15 10-year 2)4s 25-year 354* 7-year 254*---— J J J ♦Carlsbad (City) a f 8s.......... 1954 ♦Cent Agric Bank (Ger) 7s—.— 1950 M S J ♦ Farm Loan s f 6s 1960 J ............ ♦Farm loan s f 6a 1960 ......... ♦Farm loan 6s series A.....— 1938 V O A O ♦Chile Republic exts f g 7s..... 1942 ftl N ♦External sinking fund g 6a .. 1960 A O 1961 F A ♦External s f Feb gold 6s J J ♦Ry ref extl s f g 6s.......Jan 1961 M S a f 6s Int ctfs ...Sept 1961 ♦Extl 1962 M ♦Extl sinking fund 6s ♦External sinking ♦Guar s 1963 fund 6s of gu S f 6)4s ♦Chile Mtge Bank I gold 654* 8 . .....— M N 1957 I D 1961 J D 1961 A C ♦Guaranteed s f gold 6s ♦Guaranteed sinking fund 6s_. 1962 M N 1960 M S ♦Chilean Munlc Loan 7s J D ♦Chinese Hukuang Ry 5s....... 1951 m e ♦Cologne (Germany) a f4)4s___. 1950 Colombia (Republic ♦6s of 1928 ♦Extl s 88 36 26 ; Sale 3254 32 3354 36 6554 Feb. 4 67 2 60% Feb. 21 61% Feb. 19 8 6354 Feb. 47 9 Feb. Sale 10854 Feb. 26 110 Sale 111% Feb. 18 113 3 10154 Feb. 101n 101% 101 1 102% Sale 101 Feb. 102 100% 100% 100)4 Feb. 23 101 1 96 Feb. 9654 Sale 9654 4 61 z62 Feb. 62% 50H Feb. 111 Feb. 3 Feb. 15 100)4 101 Sale Sale 10054 Sale Sale 96 59 Sale 34 Sale 5954 '38% U* 34 31% 16% Sale *29 33 Sale 16% 17)4 16% Sale 16% 17)4 16% 17)4 16% Sale 14% 15% 14% 15% 14% 15% 15 14% 12 10% 20 33 31% 31% 30% 1754 17% 1754 11754 Sale 47% Sale 117% 'l 754 k Vi m Sale 30 30 Feb. 14 5 Feb. 33 32 Sale Sale Sale Sale Sale m it* 35 Sale Sale Sale 16)4 Sale Sale 14 Feb. 17 4 Feb. 4 Feb. 3 Feb. 4 Feb. 3 Feb. 4 Feb. 4 Feb. 1 Feb. 1 15% Feb. 1 15% Feb. 1 15)4 Feb. 2954 17% 17% 1754 1754 1754 1754 17% 15% 1254 Feb. 11 37 Feb. 11 Feb. 14 Feb. Feb. 11 Feb. 2 Oct 1961 f g 68 Jan ♦Sinking fund 7s of 1926 1961 J 1947 F 1952 J ♦Sinking fund 7s of 1927.. 29,000 A O J 12)4 13 1947 A O 1946 MN 654*- ♦Colombia Mtge Bank Copenhagen externa) 5s Gold 4)4s —— ♦Cordoba (City) 7s — ♦ 78 ....... stamped Cordoba (Pro?) Argen 7s A D 1953 VI N 1957 F A 1957 F A 1942 J ... ..... Sale 22 20 23% 99% Sale 97% 97% 52% 54 53)4 Sale J —.1951 M N 2,000 ♦Costa Rica (Rep of) 7s M 8 1944 26,000 Cuba (Rep of) 5s of 1904 5a ext debt Ser A of 1914 1949 17,000 4)4s external loan—...—...1949 3,000 30-year s f 5His 1953 55,000 ♦Public Works 5)4s June 30 1945 1,672,000 59,000 Czechoslovak (Rep of) extl 8s... 1951 Sink fd 8a sar B 1952 18,000 118,000 Denmark 20-yr external gold 6s .1942 External g 5)4s._... 1955 120,000 External g 454* ..........—1962 275,000 Deutsche Bank Am part ctfs 6a 1932 M S ♦♦Stamped extd to Sept 11935..... 22,000 M S 1942 19,000 Dominican Republics f 5)48.*. 1st ser 5Xs of 1926 1940 A O 2,000 A O 2d series sinking fund 5)*s 1940 5,000 M S Customs Adm 5)4s 2s ser......1961 22,000 A O 5)48 1st series ..........1969 2,000 A O 5)48 2d series...............1969 5,000 Feb. 17 17% Feb. 17% Feb. 2 18 86 MX Sale 23 lip 100H 98 95 102% Sale 71% Sale 22 24 24 Sale Sale Sale 23 2254 Sale 2254 23 101% Sale 100% Sale Feb. 18 Feb. 23 26 17% Feb. 24 17% Feb. 16 16 Feb. 17 15% Feb. Feb. 21 ai)4 Jan. 32% Jan. Jan. 11 Jan. 10 Jan. 10 7 Jan. 1 Feb. Jan. 12 Jan. 12 7854 Jan. Jan. P P B* 10 Jan. 3 7 7 Jan. 3SK Jan. 36 Jan. 3 30 Jan. 11 8 2954 Feb. 17 16 54 Jan. 3 16% 16% 1654 1654 16% 16% 1454 3 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 7 Jan. Jan. Jan. 17 3 110 Jan. Feb. 18 11354 Jan. 28 10154 4 102% Jan. 3 101 Jan. 3 95% Jan. 9654 59 Jan. 6 62% 2954 Jan. 8 17 11 Jan. 25 108% 111% 10054 100% 9954 14 4 3 4 Feb. 2 Jan. 20 Feb. 15 Feb. 11 Feb. 14 Jan. 20 Feb. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 18% Jan. 18% Jan. 16 37 10 31% 31% 31% 18% 20 ilg 26 15 25 25 25 25 25 Jan. 25 3 18% Jan. 25 4 18% 4 16 12 16 Feb. 17 Jan. 25 15 12 16 15% Feb. 26 12 16% Jan. 15 7 6 14 Jan. 26 21 Jan. 24 16 Feb. 14 Feb. 24 21 Feb. 8 z2l Feb. 8 19% Jan. i7 1454 Feb. 28 1454 Feb. 28 1254 Jan. 4 Jan. 3 23 82 58 60% "53~" Sale 88 87% Sale 8354 30 2154 103% 103% Sale Sale" 13 19 1754 Jan. 16% Jan. 11 52 84 20 Sale 20 Sale 103 Sale alOl 102% 104 105 104 103 106% 105 Sale 105% Sale 101 10154 103 Sale Sale 101) Sale 100 103 Sale Sale 94 68 85 89 Feb. 28 28 18 28 28 Feb. 3 28 82 581 871 22 Feb. 28 7 104 Feb. Feb. 24 11054 1 zlOO Feb. Feb. 23 106 Feb. 11 78% 23 104 94 Sale Feb. 23 10254 1 10654 105% Sale 10554 Feb. 10254 102% 102)4 Feb. 25 104 7 102 101% Sale 10054 Feb. 75 85 86% 66% 65 Sale 86% 64% 94 69 89 50 50 65 60 61 60 63 50 64 63 Sale 60 50 59 60 50 56% 60 62 50 59 60 62)4 f 7s .—..1945 MN 1st 8 f 8s A...1948 J ♦Certificates of deposit J 17,000 J J 23,000 Estonia (Republic) 7s—........1967 M S 38,000 Finland (Rep of) external 6s....1945 M N 20,000 •Frankfort (City of) a f 6)4a—..1953 J D 59,000 Fiench Republic 7)4* stamped..1941 7)4a unstamped .....1941 80,000 j~D External s f 7s stamped 1949 77,000 7s unstamped —1949 25,000 34% 99% 100 107 108 21% 102% Sale 92% 98 100 99% 102 Sale Feb. Feb. 9 Feb. 23 Feb. 15 Feb. 1 Feb. 4 Jan. 24 52 Feb. 23 Jan. 6 17% Jan. 10254 Jan. 106 24 Jan. 31 3 7 104 Feb. 23 Feb. 24 110% Feb. 15 9654 Jan. 10254 Jan. 18 100 6 106 Feb. 15 68 Feb. Feb. 3 85 Feb. 10 Feb. 14 89 105 Feb. 23 104 Feb. 23 105 Feb. Feb. 2 25, Jan. 101% Jan. 9954 Jan. 83 Jan. 11 3 Jan. Feb. 7854 Feb. 28 4 15 Jan. 24 Jan. 25 10654 Feb. 14 5 104 Feb. 2 3 102 Feb. 25 Feb. 26 90 Feb. 9 5 90 16 66 Feb. 26. 57 Jan. 7 66 Feb. 23 62 Feb. 60 Jan. 19 62 Feb. 9 Feb. 26 Feb. 23 63 61 61 60 17 63 60 Jan. 19 64 Jan. 11 6254 Feb. 6054 Feb. 55 Jan. 6 64 Jan. 15 18 13 62 Jan. 20 60 21 62 Feb. 3 24 5854 Jan. 62% Feb. Feb. Feb. Feb. 23, 1! Feb. 6 62 Feb. 24 19 Feb. 8 20 Feb. 8 28 23 Feb. Feb. 16 2654 Feb. 60 60 Sale 18 18 Feb. 28 Feb. 28 80 Jan. 24 62% Jan. 20 90 Jan. 17 61 19 99 28 Feb. 23 9954 Jan. 97% Jan. Jan. 60 Sale 108 28 Feb. 8 2254 2254 25 101% 4 100% 17 63% Feb. 60 26% Feb. 10 60 94 18 25 1454 Feb. 28 8 1454 Jan. 80 Feb. 23 Feb. 10 Feb. 13 Feb. 2254 Feb. 22 54 Feb. 101% Feb. 100% Feb. Feb. Feb. 9954 Feb. 9754 Feb. 104 Sale 103 Feb. 21% Feb. 21 10354 10754 106 10454 107 73 1254 Feb. 82 75 105 99% 1454 Sale 1454 Sale Sale Sale 100 103 103% ♦Dresden (City) extl s El Salvador (Rep) 23 18 _ 3,000 16 31% Feb. 21 Feb. 18 31] 8. 31% Feb. Feb. 25 35 "20"" 18% 1354 1354 33 Sale 1754 1754 Sale al754 17 54 1754 Sale 1554 Sale 14)4 Feb. Sale Sale 40 36 Sale Sale 21)4 17 38 38 16% 2 108 9 __ Jan. 60 Feb. 26 8 4 18 Feb. 28 3 33% Feb. 15 85 2 32 13 Jan. Feb. Feb. Feb. 23 24 Feb. Jan. 19 Feb. Feb. 49% Feb. 28 2 4 Feb. Feb. 26 Feb. 16 7254 Feb. 26 73% Feb. 24 Feb. Sale Sale 19% Feb. 3 101% Jan. 4 10154 Jan. Jan. 26 102% 64 Sale Sale 1554 9954 9954 101% 64% Feb. 10954 11254 101% Sale l30 130 26 26 7 3154 Feb. 32% Feb. 23 3 of)— 46,006 ■ 108)4 112% 100)4 100% 99% 33 Feb. Jan. 81 Feb. Feb. 21 60% Feb. 21 61% Feb. 19 8 6354 Feb. 4 102 20 85 74 60 3 100 7 22% Feb. Feb. Feb. 3 10654 Feb. 4 10654 Feb. Feb. 28 24 19 16 7254 Feb. 26 73% Feb. 24 20 81 Sale Prices 10454 Jan. 10454 Jan. 77% Feb. 23 105% 2054 Jan. 29 2254 26 14 10654 Feb. 19 108 3 10754 25 104 54 Jan. 4, 112% Feb. 23 11554 Jan. 4 102 54 9 100 1954 Jan. 27 2354 18 18% Jan. 24 22% 25 23 17% Feb. 4 25 1954 1554 Feb. 4 25 19% 1554 Feb. a 28 Bulgaria (Kingdom of)— 45,000 58,000 1 Highest Sale Prices Sale Prices Sale Prices 10554 Feb. 4 10554 Feb. 8 101 Feb. 1 77% Feb. 23 2054 Feb. 21 Sale 107% 115% 102)4 VI 101)4 100% Sale Lowest Highes„ Lowest Feb. 28 Feb. 1 External loan 5a of 1927.......1957 Australia 5s of 1925 RANGE SINCE JAN. FEBRUARY Jan. 3 EXCHANGE N. Y. UTOCK J D 6s.......— 1962 1961 M S 7,000 • b| BONDS February ■ 2354 3 51 Jan. 8 19 Feb. 8 20 Feb. 1 23 Feb. 16 30 Jan. 99 Jan. 20 100 Jan. 14 Feb. 26 108 Jan. 24 1 100 Feb. 4 106% Sale 106% Feb. 26 108 19 5 21 20% 22% 19% Feb. Feb. 1 100 99 108 105% Sale 107 97% 99% 100 105% 108% 106% 108 100% Sale 9854 105 Feb. 96% Feb. 105% Feb. 9954 Feb. Feb. 15 Feb. 26 Feb. 14 5 10754 Feb. 26 11 108 5 100 2 100% 24 Feb. .1 Feb. 23 106)4 19% 10254 96% 21 Jan. 29 3 108 Jan. Feb. 5 100 105 Jan. 12 107% 99% Jan. 24 100)4 5 Jan. 10 Jan. 25 Feb. 14 Feb. 26 Feb. 1 German Gov't International— i V 357,000 85,000 151",666 13,000 .....1965 1965 +5)48 stpd (Canadian holder) -.1965 ♦German Republic 7s stamped..1949 ♦7s unstamped......... 1949 ♦35-year 5)48 stamped J D ♦5)48 unstamped German Prov & Communal 25% 21% 25% 23 20 A O 27 Sale 27 23% Sale 22% 20 Sale 2454 Feb. 11 23% Feb. 5 2454 Feb. 23 34% Feb. 23 27% Feb. 25 26 28 25% Jan. 2254 Jan. 4 28 5 24% Feb. 23 5 Feb. 23 20 30% 31% 33 27 25 32 Feb. 7 35 27 Feb. 7 23 35 Sale 25 Sale 24 27 25 Feb. 2 32% 30% Jan. 26 Jan. 20 34% Feb. 23 27% Feb. 25 Jan. 25 29 Bka— J O ♦(Cons Agric Loan) 6)4s ser A.1958 4,000 MN 3,000 ♦Greek Govt secured 7s.........1964 ♦7s part paid...............1964 44,000 P" A •S f secured 6s............—1968 4,000 ♦6s part paid .......... 1968 16,000 12,000 Haiti (Rep of) 6s series A........1952 1946 16,000 ♦Hamburg (State) 6s 3,000 ♦Heidelberg (City) extl o f 7)4s._1950 ...I960 26,000 Helslngfors (City) ext 6)4s 30 20 29% 29 Feb. 2 25 3254 Feb. 9 29 Feb. 1 30% Feb. 14 26% Feb. 28 17 28 Feb. 9 27 25 26 Feb. 4 24 Jan. Jan. 17 70 Feb. 17 Feb. 25 Feb. 1 27 7454 Feb. 85 Jan. 1 22 Feb. 25 "26" 1954 Feb. 17% Sale 1754 Feb. 28 1754 Feb. 28 10454 105% zl0454Feb. 10 105% Feb. 24 19 Jan. 22 Feb 27 26% Sale 26 22 28 27 29% 2854 26 2554 70 Sale 22 19 19% Sale 105 28 27 Feb. 2554 24 Feb. Feb. 1 2954 Sale 87% 19 3054 Feb. 14 2654 Feb. 28 22% 7354 3054 29 19 104% 20 70 25 , 6 Jan. 32% Feb 3054 Jan. 29 17% Jan. 25 1754 Feb 104% Feb. 10 105% Feb Hungarian Cons Municipal Loan— ♦Secured s ♦Secured 26,000 s f g 7)4*--——1945 f g 7s. 1946 M N ♦Hungarian Land M.ge 7)4s A..1961 M N •S f 7)4* series B 1961 Hungary (Kingdom of)— 7)4s extended at 4)4% to 1979 F A 24,000 1960 1,000 Irish Free State external 5s.; 356,000 Italy (Kingdom) external 8 f 7s. 1951 116,000 Italian Cred Consortium 7s ser B 1947 1952 137,000 Italian Public Utility s f g 7s 1954 367,000 Japanese Gov extl s f 6)4s Extl sinking fund 5)4* 1965 265,000 45,000 ♦Jugoslavia (State Mtge Bk) 7a..1957 ♦ Leipzig (City) external s f g 7s. 1947 10,000 17% 17% 18 18 57% F A D 80 M 30. 17 1854 1954 Jan. 5 19 16 18% Feb. 5 Jan. 28 18% Jan. Feb. 11 18% Jan. 25 18 11 25 Jan. Jan. 18 50 59% 115 Sale 18 18 18 56 115% 5154 Feb. 23 59% Feb. 16 115% Feb. 26 115% Feb. 26 80 Sale 80 Sale 75 Feb. 7 81 78 Sale 74 Sale 78 Feb. 23 1 5154 Feb. 23 59)4 Feb. 16 4 115% Feb. 26 114% Jan. 75 Feb. 82 7 Jan. 19 71% Feb. 10 80% Jan. 21 8 59% Feb. 65% Jan. 12 8 75 62 67 60 62% Sale 7154 Feb. 5954 Feb. 10 J 8 6454 Feb. 24 F A 77 Sale 72 Sale 74 Sale 72 Feb. 1 76 Feb. 10 72 Jan. 21 81 Jan. 4 64% Sale 57 Sale 62 Sale 5554 Feb. 8 62 Feb. 28 49% Jan. 12 64)4 Jan. 4 42% 4254 2054 43 Feb. 2 44% Feb. 21 M N A O F A 7)£a......_1950 J D .1954 J D 41" 066 MN 24,000 ♦Mexican Irrig Assenting s f 4)4* 1943 9,000 ♦Mexico(U S)external 5s of 1899£ 1945 Q J ♦Assenting 5s of 1899.........1945 42,000 •Assenting 5s large............... 25,000 ♦Assenting 5s small............... 14,000 For footnotes, see page 19 1954 1954 57 18 17 J 80 ..... 22 Lower Austria (Prov) ♦Medellin (Colombia) 6 >4*-- 59 19 20 18% 19% 19% 113 J 19 23% 43 Sale 104% 754 2% Sale 20 Feb. 4254 Jan. 21 20% Feb. 8 2% 3% 254 5 ""354 9 22 Feb. 25 654 Feb. 2 8 Feb. 26 254 2 Feb. 15 254 Feb. 28 2 Feb. 4 Sale 4 Feb. 28 4 Feb. 28 Sale 254 Feb. 21 8 254 Feb. 254 Feb. 26 4 Feb. 28 3% 2% 254 2% Jan. 25 Feb. 21 Feb. 8 Feb. 26 ..... 7 6 2% 2054 Feb. 9% Sale 4 104% 6 2% 2% 6354 - 44% Feb. 21 22 Feb. 25 90 3% Sale 3% Feb. 28 254 Feb. 26 6% Jan. 5 15 8""Feb".~26 254 Jan. 4 Fel 4 Fel 3)4 Fel 254 Fel 12 " March, 1938] 31 N. Y. STOCK EXCHANGE—BONDS Sales in Price PRICES IN FEBRUARY February BONDS n. t. stock exchange 1938 RANGE SINCE JAN. 1 Jan. 3 Value - FOREIGN GOVT (CotUluM) Feb. 1 Ask Bid Bid Feb. 28 Ask Bid Lowest Lowest Sale Prices Ask Highest Sale Prices Sale Prices Highest>Sale Prices Mexico (Continued) ♦4« of 61,000 10,000 23,000 1904 .1954 J 88,000 76,000 1,000 9i"666 2% Sale 2 Feb. 8 3 Feb. 28 2 3 Sale 3 Feb. 28 3 Feb. 28 3 2% Sale 1% Feb. 16 2% Feb. 28 Aaventlng 4a of 1904... aaaant 80,000 (larfa) 193.1 r ♦♦Small 6,000 37,000 305,000 170,000 110,000 57,000 150,000 ♦Sec extl a f ♦Secextl a f 6% 8 6% a New South Wales ext 1 a f J D 1959 MN 195v P 1958 A | 5a f 0 5a A 20-year external '64X Sale 9} Sale 9 f 6a. Aug 15 1944 F A Extl sinking fund 4Us .....1956 M S External sink fund 4%S—.1965 A O 48 a f extl loan 1963 F A 60 55 101% Sale Sale 106% Sale 104 % Sale ext a f 5s 102 % 103 102 X Sale 102 X 104 H 1970 J D 20 Sale 20 53 Sale 61 Sale 50 A O 101 103% 101X 105 S O O 16,000 80 X 59 % ............1950 J 1961 D ....196b J Prague (Greater City) 7Ho 1952 MN ♦Prussia (Free State) ext af 6H—1951 M S 1952 A O aer ♦Rio de Janeiro (City of) 8a ♦Extl sec 6H« 12,000 5,000 160,000 176,000 109,000 2,000 138,000 62,000 52,000 19,000 46,000 93,000 28,000 167,000 31,000 14,000 46",000 98,000 197,000 11 108 1946 A O D ♦7s Municipal loan 1967 J Rome (City) external a f 6Ha D A O ♦Roumanla (Kingdom of) 7a.....1959 F 36 X J Sao Paulo (City of)—♦8s extl secured a f ♦6%a extl secured a 1953 I .........1952 MN f_. ....1957 M N •♦8s extl'loan of 1921 1936 1950 ♦8s external.... J J ♦7s extl Water loan........... 1956 M S ♦6s extl Dollar loan 1968 J J Sec 8 I g 7s 1940 A O ♦Saxon State Mtge Inat 7a. 1945 J D ♦SFg6Ha Dec 1946 J D Serbs Croats & Slovenes (Kingdom) ♦88 secured extl..............1962 M N ♦78 ser B sec extl 1962 M N Tokyo City loan of 1912 External a a ♦Exter a f 6a A ... ... 3H-4-4H% extl readj 4-4%-4%s extl readj 3%s External readjustment 1979 MN 1978 F A 1984 J J Venetian Prov Mtg Bank 7a..... 1952 A O Vienna (City of) 6s .....1952 MN ♦Warsaw (City) external 7s.._...1958 F A Yokohama (City) extl a f 4a...... 1941 I l> 20 Fee. Feb. Feb. Feb. 3 9 15 9 15 24 16 11X 47% 30 g* IF X03H 59 X 101 53 5. 50 10 12 7% Feb. 10% Feb. 9% Feb. 9% Feb. 9 4 Feb. 25 11 Feb. 65 Feb. 28 81 Feb. 28 60% Sale 10% Sale Feb. 8% Feb. 8 11% Feb. 25 8 11 Feo. 25 25 60% Feb. 28 49% 49 X 100 Sale 60X Sale 9 Jan. 29 14 90 24 20 22 20 Feb. 7 22% Feb. 28 19 19 Feb. Jan. Jan. 24 22 27 22% Feb. 28 10 Feb. Feb. 107% Sale 107% Feb. 24 108% Feb. 109 Feb. 109% 112 1 109% Feb. 23 Feb. 25 Feb. 2 36% 25 15 9% Sale 3 3 10% 9 Sale 12 13% 25 12% Sale 12 12% 10% 20 Sale 25 Sale Sale Sale 101% 105 58 55% 51% Sale 58% Sale 101 Feb. Feb. 4 9% Feb. 18 8 5 13 108% Jan. 8 109% Jan. 7 25 Jan. Feb. 5 12 4 10% Jan. 12% Jan. 10% Jan. 25 Jan. 11% Feb. 26 9% Feb. 25 10 8 9% Feb. 4 12% Feb. 26 9% Feb. 25 18 Feb. 8 Feb. 4 Feb. 5 10 8 Feb. 5 4 9% Feb. 71% Feb. 8% Jan. 8% Feb. Feb. Feb. 25 25 21 19 7 Jan. Feb. 2 8 12% 9% 9% 9% 34% Feb. 28 4 Feb. Feb. 3 Feb. 3 Feb. 9 10% Jan. 10% Jan. 7 8 11 11 1 65 Feb. 28 7 73 Jan. 19 10 28 Feb. 28 38 Jan. 5 8% Feb. 8% Feb. 16 11% Jan. 10% Jan. 7 11 23 102 23 25 Feb. 28 4 Feb. Jan. 29 Jan. 14 9 Feb. 24% Feb. 19 24% Feb. 19 23 24 Feb. 18 Jan. 10 32% Feb. 32% Feb. 60% Feb. 28 30% Feb. 3 31 54% Feb. 21 25 26 Feo. 18 19 30% Feb. 3 31 7 Feb. Feb. 41 Feb. 24 23 23 Feb. 25 103% Feb. 18 104% Feb. 3 1 51 Feb. 3 55 Feb. 40 Feb. 5 48 Feb. 25 28 53 Feb. 2 59 Feb. 28 101 Feb. 17 104 51 8 Feb. 2 Feb. Sale 50 Sale 45% Feb. 42% Feb. 50 49 Sale 45 48 49% 46% 39% Sale 40% Feb. 7 45% Feb. 17 it* 16% Feb. 12% Feb. 12 Feb, 11% Feb. 8 12% 9% 9% 9% 34% 51 Feb. 7 3 28 Feb. 28 50 49 Feb. 2 49% Feb. 28 47 Feb. 25 40 Feb. Sale 75 Feb. 100 Feb. Sale 79% 107% Jan. 106% Jan. 18 8 24% Feb. 30 32% Sale 59% Sale 21 31% 48 10 8% Feb. 29% Sale Sale 53% Feb. 60 Feb. 1 Sale 55 65 Feb. 25 2 42% Feb. 16% Feb. 23 13% Jan* 10 Jan. 7 11% Jan. 4 4 47% Jan. 13 24% Feb. 24% Feb. 19 19 7 33% Jan. 33% Jan. 54% Feb. 21 60% Jan. 11 11 18 25 26 Feb. 23 7 104% Feb. Jan.' 57 11 Feb. 48 5 28 Feb. Feb. 103% Jan. 48% Jan. 40 Feb. 47% Jan. ,1 12 Feb. 17 45% Feb. 42% Feb. 8 7 45 3 101 Feb. 7 40% Feb. 45% Feb. 17 11 40 Feb. 14 75 Feb. 2 Jan. 3 3 3 104^ It* Jan. 19 Jan. 10 i* Jan. 8 47 Feb. 25 42% Feb. Jan. 2 8 Feb. 11 Jan. Jan. 13 6 Feb. 25 85 Sale Sale Sale 24 26 98% Feb. 7 32 X 57 X 60 Feb. 6 5 32 55 10 7 14 24 Sale 100 6 Feb 32 80 99 H 58 X 8 19 Jan. Jan. Feb. 23% 23% 46 65 Jan. Jan. Feb. 39 53 X 55 Jan. 7 Jan. 10 Jan. : 8 9 9% 10H 37X Sale 50 4 9% Feb. 8 11% Feb. 8 11% Feb. Jan. 31 "11% 57 Feb. 21 67% 75% Feb. 21 82% 62 54% Feb. 21 7% 10% 9% 9% 4 27 4 90 17 17 Sale 42% Jan. 39% Jan. 20 10% Feb. 28 9% Feb. 26 48% 47 X 14 Sale 9 16 M Sale" 19 104% Jan. 27 21% Sale 22% Sale 98 10% Feb. 28 Feb. 15 14 11% Jan. 10% Jan. 98% Feb. 18 8% Feb. 8% Feb. Sale Feb. 42% Jan. 19 Sale 5 3 34 29% 103 26 28 100 4 43 Sale Feb. Feb. 1 17 104% 50 X 61 39% Feb. 23 30 58% 31H 21 12 19 103% Feb. 28 Sale 31 Jan. 14 Feb. 33 Jan. 51 Feb. z28 19 19 20 Feb. 21 25 Sale 16 3 57 Sale 17 104% Feb. 3 103% Feb. 103% Feb. 75% Feb. 21 54% Feb. 21 10 X 28 47% Jan. 12 55% Jan. 101% Feb. 19 103% Feb. Sale 14 12 107% Jan. 7 106% Feb. Jan. Jan. Jan. Jan. Jan. 26 Sale 10 9 19 24 103% 101% Feb. 3 Feb. Jan. io°?* 28 28 13 Sale 48 H 105% 106% 104% 102% 102% 3 Feb. 30% m 11% 3 Feb. 4 Feb. Sale 12 8% 8X Sale Jan. 100% Jan. Feb. 29% 10H 9% Sale 101 Jan. 55 7 10 4 10 20 20 61 30 20 X 26 Jan. 21 81 36X Feb. Jan. Feb. 65 Sale 10% 11 61 Feb. Feb. 80 Sale 98 7 60 53 Sale Sale Sale Jan. 8 20 Feb. 51 10% Sale 10% Sale 11 10 8% Feb. 21 8% Feb. 18 Jan. 56 Feb. 51X O 107% 106% 104% 103% 105 Feb, 103% Feb. 102% Feb. Feb. 65 J F 107 Sale 1952 M S M N 104% Feb. 103% Feb. 67 ..1971 J A Feb. Feb. Feb. Feb. 12% Sale 9% Sale 9% Sale 9% 11 104 X Sale 1966 M N .........1964 M N .... 22 101% 101% 106% 106% 11X Sale Sale 108% Sale 109 1 11X Sale 8% Sale 8% 9X 8% 9X 71% Sale Sale 10 X 10 H Sale A f 5H« guar........1961 f 6a 96 26 Feb. 40 9X 9X 9X X A Trondhiem (City) 1st ext g 5He_.1957 ♦Uruguay (Rep) external a f 8a..1946 ♦Ext 59 67 57% Jan. 102% Sale 100 40% 47 39% 40% 34 8% 3 7 3 3% Jan. 8 2% Feb. 28 3% Jan. 18 Sale iSfg 11 8 25 60 12 F 1955 5s.. 78 10 1 11% 12% 8% Sale ..1946 F Sydney (City) a f g 5He Taiwan Elec Pow 5He.. 9% 9X 63} 18 Feb. 60% Feb. 8 10% Feb. 10% Feb. Feb. Feb. 15 12 .... ♦Silesia (Prov) extl sink fund 7a. 1958 J D ♦Slleslan Landowners Aaan 6a 1947 F A 7 11 Sale 3 66% Feb. Sale Sale A 1952 Sale 20X 20 X Sale 24 9% 1966 MN 103; 40% 36 X 8X 8X 107% 112 10 X 1968 J .... Sale 10 X X 52 H 102 X 98% 21 Sale 9X 95 20 X 20 X 1946 A O IfStyrla (Province of) 7a.... 4~9",666 10 1953 F A Rio Grande do Sul (State of)— ♦8s extl loan of 1921 ♦6s extl a f g ♦7s extl loan of 1926 A1950 M S San Paulo (State of)— 33,000 112,000 50,000 53,000 117,000 10% 15% Sale Sale Sale Sale Sale 65 % O ♦Saarbruecken (City) • f 6s 11,000 9 11% ♦Natloaal loan ext a f 6s... 1961 ♦Poland (Rep of) g 4a._. 1940 ♦Stabllls loan 7a of *27. Oct 15 1947 Queensland (State of) ext a f 7a..1941 A O 25-year extl a f 6a Feb 15 1947 F A 35,000 "35% "46" 9% 9% ♦Rhine-Main-Danube deb7s Sale 105 105% Sale 103 X Sale 103X Sale 103 X Sale 102X Sale 102% 104% 102% 103 Sale 1947 M ♦8 f gold 6a Sale 19 42,000 9,000 1,000 30,000 223,000 7 60 102% 102% Sale 106 X 106% 106% Sale 55 X D f 8s Sale 60 1960 a Sale 107 50 Sale B 5,000 18,000 47,000 18,000 44,000 27,000 86,000 78.000 8 8% Feb. 8% Feb. 10% 10% 55% 58 H A MN 1959 M S f 6a.. ext a 10 F 1953 J D a f 5s se* A May 15 1963 M N ♦Stamped (assented)....... 1963 MN ♦National loan 102% 103 X 106X 106 X 10 9 16 3% Jan. Feb. 60% Feb. Sale Sale M Panama (Rep) external 5H« ♦Pernambuco (State of) 7a ♦Peru (Rep) Sec a f g 7a jx 8 28 8 Jan, 3 Feb. Feb. 1 % Feb. 6 64 OH 8% 60 a ♦Nuremberg (City) external 6s.. 1952 Oriental Development 6s........1953 External deb 5 He 1958 Oslo (City) 4H> extl sink fund.. 1955 66% Sale 10H 64% 55 55 101 18$ ext a f 6s„Aug 15 1943 F ♦Porto Alegre (City of) 8a ♦Extl loan 7%s 14.000 190,000 3 6 3 1958 1M f* 1959 M S ...1952 ..... Norway 20-year ♦External 2% 5<h 1% O ♦Extl 76,660 3X j ♦Montevideo (City) 7s..... External 2% amall Milan City (Italy) ext loan 6%s—1952 A Minas Geraes (State of, Brazil)— Municipal Bank 15",666 201,000 42,000 44,000 D Hi«entlnl 4a of 1910 ♦6a aeries A 48,000 102,000 135,000 90.000 150,000 218,000 ...1954 J ♦Assenting 4a of 1910 larfa...... ♦ ♦♦Treaa 4a of *13 ~2",666 265,000 D 65 Feb. 53% Feb. 100 62 53% Jan. 65 62% RAILROAD AND INDUSTRIAL COMPANIES. 74,000 ♦{♦Abltibl Pow 8c Paper 1st 5a...1953 1 20,000 10,000 Adams Express coll tr g M 61,000 2,000 4,000 50,000 2,000 4a__....1948 1 53 X S 93% 4%s stamped A 98 H 103 X 82 .........1946 112% 103% AlaGt Sou 1st cons 5s s«r A......1943 First cons 4s series B .1943 57 100% 101 92% 60 Albany Ac Susq 1st guar 3Ha. ...1946 Allegheny Corp colLtr conv Is..1944 Collateral and convertible 5a..1949 r> ♦Collateral Ac convertible 5s...1950 ( Sale ♦58 stamped..... 9,000 23,000 551,000 Allls-Chalmers Mfg conv 4s...... 1952 M S 11,000 198,000 25,000 240,000 48,000 Alpine Montan Steel 7s... ...1955 M S M S Amer Ac Foreign Power deb 5a...2030 American Ice s f deb 5a .....1953 J D American IG Chemical SHs —1949 (VI N J Amer Internet Corp conv f%t—1949 J Sale Sale 90 80 X 103 X Sale 8H Sale 98 56 H Sale 96 99 Sale 57 67 54% Feb. 23 94 Feb. 1 Feb. 94 Feb. 9 28 Feb. Feb. 15 1 4 101% Feb. 76% Feb. 4 104 Feb. 23 105 Feb. 28 102% 104% 101 Feb. 1 103 Feb. 11 46 Feb. 47 Feb. 5 Sale 57 "40"" Jan. 11 93% Feb. 28 Jan. 14 99 Jan. Jan. 95 7 94% Jan. 20 wix Feb. 26 90 52 Feb. 76% Feb. 104 Feb. 99% Jan. 4 28 77 Jan. 12 23 105 Feb. 28 31 Jan, 6 4 4 103% 86f 71 Sale 59 Sale 53 59 Feb. 1 63 Feb. 18 45 38 45 Sale 32 Sale 41% Feb. 28% Feo. 9 31% 41% Feb. 33% Feb. 10 64 33 28 26 54 Jan. 5 57 Jan. Jan. Jan. 18 Jan. 18 31 90 65 76 Jan. 12 59 Feb 67% Jan. 14 5 75 106" ""Feb". Feb. Jan. 90 70 46 57 26 49% 86 106% 82"" 103% 103 103 X 95 Sale Feb. "'4 Feb. 28 Sale 83X 108 Sale 52% 53% 52 93% Sale 93% 93 94 92% 100 101% Sale 74% 76% 66% Sale o a 97 77 47 40 O 55% Sale 98"" 112% io5~" 67 Albany Perfrated Wrap Paper 6s. 1948 .........1950 o Allegh Ac West 1st g gu 4a 1998 Alleg Valley gen gu 4a.. .....1942 M P Allied Stores Corp deb 4HS.....1950 A O 4H> debentures..............1951 F A 59.666 94 92 90 Adriatic Elec Co external 7a.....1952 54% 03% D 6s with warrants assented....1948 55,000 75,000 1,000 229,000 Sale Collateral truat 4s of 1907..... 1947 1?lH 88 Sale Sale 101 48% 92 104 99 Sale Sale 92% Sale 112X Sale 113% Sale 101X 101 % Sale Sale 101 103 109 106 51% 66% Feb. 1 4 106 Sale 85% 84% 104% Sale 85% Feb. 23 Sale 82 Feb. Sale 102 Feb. 95 71% Feb. 26 87 • 92 Feb. Feb. 4 84% Feb. 28 4 104% Feb. 28 Sale Sale 37% Jan. 28% Feb. i 3 41 %" Feb. 9 4 35% Jan. 11 Jan. 7 107" ""Feb". 16 105% Jan. "26 1 94% Feb. 28 100 56 Sale 56 7 47% Feb. Feb. 92 8 95% 95 95% 103% Feb. 5 104% 104% Sale 92 9 109 85% Feb. 23 82 102 Jan. Feb. 92% Jan. 15 Jan! 14 4 105% Jan.] 6 29 87 Feb. 11 Feb. 28 Feb. Feb. 7 95 17 103 Jan. Jan. 31 99 Jan. 27 104% Feb. Feb. 2 92 Jan. 28 98% Jan. 17 22 17 113% Feb. 4 102 Feb. 3 113% Jan. 20 26 28 95 Feb. "11 94% Feb. 28 100 46 Jan. 28 58% Jan. 15 22 Amer Tel Ac Tel— 20-year sinking fund 5H* 453,000 1943 MN 3debentures..............1961 a b 547,000 3%» debentures...............1966 J D 473.000 J 20,000 ♦Am Type Found s. f. debs 2%-5s. 1950 44,000 Amer Water Wks & Elec 6s aer A. 1975 MN 297.000 Anaconda Cop Mln a f deb4H* ..1950 A O 94 104 X Sale Sale Sale 100% Sale 92 103% Sale 99 Sale 113% 101% 101% Sale Sale Sale 112% Feb. 100% Feb. 100% Feb. 104 96 106 Sale 104 93 Feb. Feb. 104% Sale 103 Feb. 2 101% Feo. 16 106 Feb. 1 26 1 104 Feb. 92 Jan. 97 Feb. 19 4 105 Feb. 23 7 112% Jan. 100% Jan. 100% Jan. 102% Jan. 28 102 Feb. 26 28 101% Feb. 16 107 Jan. 31 97 Feb. 26 26 105 13 Jan. 10 19 AngloChllean Nitrate— ♦Sinking fund Income deb.... 1967 Jan 55,000 July 1995 Q J 8,000 Una Arbor 1st g 4a 2,000 Ark Ac Memp Bdge At Term 1st 5s. 1966 M P 353,000 Armour Ac Co 4s e f ser B (Del)—. 1955 F A J 1st M s f 4s ser C (Del) 201,000 1957 J For footnotes, see page 30, 28 H 35 93 86 X 31 26 30 29% 29% 27 Feb. 7 27 Feb. 7 31 42 38% 50 35 40 39% Feb. 10 41 Feb 2 39 Jan. 21 41 Feb. 93 99 96 99 98 Feb. 7 98 7 98 Feb. 7 98 Feb. 7 90 Sale 89 Feb. 93 26 88 Jan. 4 95 Jan. 10 90 Sale 3 12 Feb. Feb. 86% Jan. 3 94% Jan. 10 88 86X Sale 91% Sale 92% Sale 89% Feb. 29% Feb. 25 93% Feb. 26 Jan.? 5 2 22 N. T. STOCK EXCHANGE—BONDS Sales in 1* February BONDS Value Bid Atchlnaon Topeka 448.000 36,000 896,000 15.000 54,000 9,000 599,000 24,000 10,000 48,000 Feb. 1 1938 Ask Bid 1995 Gen g 4a A O .July 1 1995 No? MN 9,000 Baldwin Loco Wka As Stpd......l940 206,000 Bait 8c Ohio 1st g 4s July 1948 446,000 Refund Ac gen 5s set A.........1995 248,000 1st gold5s. July 1948 476,000 Ref and gen 6s,seriesG....... 1995 110,000 PLBAfc WVaSysrefg4s 1941 249,000 Southw Dl? latSHs at 5% ....1950 40,000 Tol Cln Dl? 1st 8c ref 4s ser A..1959 282,000 Refunding 5s series D........ 2900 1,285,000 Con? g 4%a 1969 344,000 Ref Ac gen 5s series P.. 1996 3,000 Bsngor Ac Aroostook RR 1st g 5s *43 16,000 Con ref mtge gold 4s.. ........1951 51,000 4s stamped...................1951 1,000 BattleCreek Ac Sturgisgu 8s....1989 252,000 61,000 27,000 43,000 26,000 6,000 45,000 10,000 3,000 Adjustment a 4i„_. Beech Creek Ex ten 1st g 8Ha.. .1951 72,000 Bell Telephone of Pa 1st 5a B. 1948 46.000 First Ac ref 5s series G 1969 : Belrldere Del cons Ask Ask gtd g J%a 1943 19,000 * Berlin City Electric deb 6 %a 1951 142,000 ♦Deb sinking fund 6%e .......1959 42,000 ♦Debenture 6s................1955 1 MX 103 102% D 100 106% M J 8 D J 111% 113 106 J D 85 71% M N 81% MN 72 J 28 Sale Prices Sale Prices 20 54% 17% A Sale Sale Sale O D A O J Sale 78 Sale D MN J J J J 59% 63 M S A Sale Sale M S Sale I J J Sale 104"" J J 109 103 J D i8* J 188 A O 1 J J Sale 101% Sale 29% Sale 82% 74 31 Sale 55 36 88 63% Sale Sale 31 66% Sale 34% Sale 54 56% 42 35 30% 25% 30% 29 23 » 23 % D FA A O Sale 111 Sale 42 Sale Sale Sale 111 110 AO J 88% Sale Sale Sale Sale 28 Sale Sale 92 & F f 88 Sale Sale Sale 67 32% Sale 55 Sale Sale 42 28% Sale 110% Feb. 18 9 103 Feb. 103 Feb. 10 100 Feb. 24 100 Feb. 100 100% Feb. 18 10 101% 104 103% Sale 64 _ 106 Jan. Jan. 98% Jan. 29 103 99% Jan. 27 103% Jan. Jan. 21 102 99% Feb. 97 Jan. 27 104% Jan. 100 2 Feb. Feb. 16 102 110 110% Feb. 21 Feb. 19 1 Feb. 2 Feb. 80% Feb. 26 70 27 24 Feb. 18 4 Feb. Feb. 10 53% Feb. 14 17 85 Feb. 15 Feb. 15 Feb. 19 Feb. 23 Feb. 15 89 89 73 82% Feb. 15 1 Feb. Feb. 19 2 Feb. Feb. 15 Feb. 25 Feb. 15 72 30 28 55 20 85 99% Feb. 18 4 62% Feb. 99% Feb. 18 4 36% Feb. 15 9 69* Feb. 38 Feb. 15 Feb. 14 60 28% Feb. 66 Feb. 31 Feb. 50 Feb. 4 4 39% Feb. Feb. Feb. 3 4 4 23% Feb. 28 110 103 4 Feb. 66 8 35 27 101 Feb. 108% Feb. 103% Feb. 28 Feb. 25 48 Sale 27% Feb. 1 Feb. Feb. 1 1 Jan. 1 103% Jan. 9 112% Jan. Jan. 29 112 Jan. Feb. 89 83 70 76 69 26 24 17 85 88 31 60 20 85 99% Feb. 59% Jan. 28% Feb. 63 10i Feb. 42 Feb. 34% Feb. 28% Feb. MX 48 Feb. Feb. Feb. Feb. Feb. 1 1 14 15 15 21 1 11 25 Jan. 45 Jan. 70 38% Jan. 35 27 Feb. Feb. il* 23% Feb. 27% Jan. 103 22 22 Sale Sale 20 24 28% 24% 26 30 22 Sale 22 28% Feb. 25 28% Feb. 25 26 Feb. 25 Feb. Jan. Feb. Jan. Jan. Jan. 17 15 7 7 Feb. 15 Jan. Jan. Jan. Jan. Jan. 15 3 7 3 3 Jan. 4 Jan. Jan. Jan. 3 10 7 Jan. 7 7 11 Jan. 17 106 Jan. 4 108 Feb. 25 48 Jan. 7 100 2 119% Feb. Feb. 10 128 39 26% Jan. 6 20% Jan. 25 21 5 3 14 6 Jan. Jan. 112% Jan. 107% Jan. 103 48 4 Jan. 82% Jan. 30% Jan. 46 12 Jan. P Feb. Feb. 11 14 Jan. Jan. 53% Feb. if ■f Jan. , Jan. Feb. 4 Jan. 97 MX 94 Jan. Jan. Jan. Jan. > 3 Feb. 35 Feb. 21 110 Feb. 16 104 50 100 9 106 "93 99% Jan. "93% Jan. Feb". "3 ll9% Feb. 2 118 118% 120% 119% 120% 119 7 128 Feb. 10 126% Jan. 127% Sale 127% Sale 126% Feb. 27% Sale Jan. Feb. 10 101 97 89 85 71 27 110% Feb. 18 105% Feb. 28 101% Jan. 28 106% Jan. 102% Feb. 116 95 116 97 Sale Feb. Feb. Feb. Feb. Feb. Feb. Sale Prices Sale Prices 107% 99% 99% 99% 98% Feb, 102% 101 111 108% Feb. Feb. 110% 107 103 J J Sale Sale 100 Sale 94% M S J Sale 109% 107% Sale J J Sale Sale 107% Sale 100 Sale Sale MX 101 97 98 99 100 103% Sale Sale 101 MN 2,000 Highest 1 Highest Lowest Lowest Feb. 28 8c Santa Fe— Stamped 4s__........July 1 1995 Con? gas of1999... 1955 Con? g 4a of 1995 1955 Con? g 4a of 1919 1969 Con? deb gold 4He .1948 Rocky Mt dl? 1st 4a A 1965 Trana>Cont Short Lino 1st 4a gl958 Cal-Artx 1st Jc ref 4%a a or A ...1962 Atl Knox A No 1st g5a..........1946 Atl Ac Char Air Lino 1st 4Hi A.. 1944 1st 30-year 5a serB......... 1944 Atl Coast L 1st cons 4a July 1952 General unified 4He series A..1964 10-yr coll tr 5s.. May 1 1945 L 8c N collet gold 4a Oct.. 1952 Atlantic 8c Danrille 1st g 4s .1948 Second 4a ...1948 Atl Gulf Ac WISS Line coll tr 5s.l959 (♦ Auburn Auto'blle con? deb 496* '39 Austin Ac NW 1st g As guar...—1941 ...... RANGE SINCE JAN. PRICES IN FEBRUARY Price Jan. 3 N. T. STOCK EXCHANGE ( 25 28% Feb. 25 28% Feb. 25 26 Feb. 25 Berlin Elec Ele? Ac Undgrd Rya— 11,000 61st 6%a 1956 224,000 Bethlehem Steel 4%a series D. 1960 277,000 Cons mtge 3Ms series E.......1966 1,327,000 3% 8 s f con? debs 1952 1,000 Big Sandy Ry 1st mtge 4s.. ..1944 246,000 Boston Ac Maine 1st As ser AC...1967 54,000 1st mortgage 5s series I1......1955 38,000 1st g 4%a series JJ 1961 12,000 t♦Boston8c NY Air Line 1st gu 4sl955 8,000 Brooklyn City RR 1st 5s........1941 202,000 Bklyn Edison cons mtge 3% a 1966 541,000 Bklyn Manhattan Transit 4%a..l966 ... 33,000 162,000 40,000 77,000 115,000 26,000 29,000 Bklyn Queens Co Ac Sub gtd 5s..1941 1st 5s stamped...............1941 Brooklyn Union El 1st 5s 1959 Brooklyn Union Gas Co 1st g 5s .1945 1st lien Ac ref 6s ser A.........1947 Debentures gold 5s 1959 1st lien 8c ret 5s series B.......1957 Brown Shoe at deb 3MS.........1950 Buffalo Gen Elec 4His ser B ..1981 Buffalo Niagara Elec 8 Ms ser C..1967 180,000 Buff Roch Ac Pitts cons 4%a .1957 4,000 *!♦ Burl Ced Rap 8c Nor 1st 6s 1934 . ... ♦Certificates of deposit....... (Buah Terminal Co 1st 4s... 1952 34,000 Consol 5s... 1955 4,000 (Buah Term Bldgs 1st 5s gu 1960 21,000 Calif Packing con? deb 5s......1940 Camaguey Sugar Co— 32.000 *i»t 7s ctfs of deposit 5,000 Canada Sou con gu 5s ser A 122,000 91,000 257,000 38,000 54,000 40,000 63,000 70,000 424,000 84,000 92,000 170,000 140,000 2,000 128,000 104,000 9,000 18 * 24 100 % Sale 92% Sale A O A O M S 43 MN A O F A J J MN MN n* <8* lo£H A Sale Sale 110 108 MN MN J Sale 60 Sale J F Sale Sale Sale 12 44 Sale 75 D Sale MN Sale 106% Sale 110 Sale J D 8% 7% O A O . J F J F Sale M S 113% J J J J Sale Sale Sale M S J J Sale Sale 72 i 101% J 108 J 90 MN F A 75 1948 (♦Cent of Ga Ry 1st g 5s No?. 1945 34", 000 ♦Consol gold 5s.. ............1945 ♦Ref At gen 5%a series B......1959 7,000 ♦Ref Ac gen 5s series C........1959 22.000 ♦Chat Dl? pur money g 4s....1951 I D F A Sale 65 61",000 > 1,000 170,000 575,000 12% O 7% Sale 55 106 98 107 "l'ooo Guar 5s ♦♦Can RR At Bkg of Ga col tr As.1937 5s extended to May 11942......... "l'ooo 2d con gold 4s.............1989 Warm 8prlnga Valley 1st g 5s .1941 For footnotes, see page 30. Sale "Bf 31 Sale 25 29 9 103 Feb. Feb. 25 69 97% Sale 104 71 MN MN J 109] 1075 Sale Sale Sale 108 45 41 12 44 Feb. 2 Feb. 8 Feb. 16 Feb. 1 Feb. 10 Jan. 3 Jan. 15 Jan. 15 36% Feb. 15 8% Feb. 14 3 78% Jan. 17 108% Jan. 28 106% Jan. Jan. 25 73 26 95% Jan. Feb. Sale 118% Feb. Sale 117 M 'SB Feb. Sale 114% Feb. 115% 113% Feb. Sale Sale 123% Feb. 83% Feb. 17 10% Feb. 9 105% Feb. 1 9 Feb. 8 1 104% Feb. 114% Feb. 17 113% Jan. 1 117% 1 120% 2 120% 8 118 7 115% 2 115% 24 125 16 Feb. 28 115% Feb. 23 118% Feb. 28 118% Feb. 17 116% Feb. 16 113% Feb. 14 113% Feb. 7 88% Feb. 1 123% 83% 114% Feb. 28 100% 112% 101% 100% Feb. 15 101% Feb. 23 Sale 113 Feb. 5 17 92 92 73 10 5 Sale 25 63 3.4% 75 26 63 22 25 11 12* 10% Feb. m 7 6 9 5% 6 19 12 13 17 28 23 28 17 16 14 15 18 24 28 12 14 18 12 114% Sale Sale 91% Sale 101% "62% 61 116 Sale 86% 120 58% Sale Sale il* 70% Feb. 10 Feb. 4 73 26 Feb. 1 Feb. 25 Jan. Jan. Jan. Jan. Jan. Jan. Feb. Feb. Jan. Feb. Feb. 4 120% Feb. 4 120% Feb. 29 118 15 115% 27 115% 27 125% 16 89 15 103% 22 114% Jan. 17 70% Feb. 10 5 Feb. Feb. Feb. Jan. Jan. Jan. Feb. Jan. Jan. Feb. Jan. Jan. 17 6 76% Jan. 21 Feb. Feb. 25 Jan. 25 Jan. 50 10 Jan. 25 26 50 Jan. 12% Jan. 3 12 Feb. 17 4 Feb. 7 7 15 Feb. 17 Feb. 23 10 Feb. 23 10 Feb. 23 10 3 102 63 4 Jan. 56 20 7 6 Feb. Jan. Feb. Jan. 28 117% Feb. 13 Feb. 17 7% Jan. 12 5% Jan. 7 5% Jan. 23 106% 60 68% "75" 107 105% 98% Sale MX 107 104 Ji 38 51 35% 25% 39% 29 53 8 15 4 Jan. 9 109 29 Jan. Jan. Jan. 13% Jan. 15 104 102% 100% Feb. 15 102% Feb. 25 100% Sale Sale 18 99 94% Feb. 18 96% Feb. 10 94% 55 45 4?% 47% Feb. 18 47% Feb. 18 47% Feb. 18 47% 10 100% Feb. Sale 100 98% Feb. 10 101% 98% Feb. 1 Feb. 10 101% 100% 101 99% Feb. 17 102 99% Feb. 17 108 89 86 86 7 89 89 81 Jan. 11 Feb. 17 82% Feb. 82% Sale l\x 25 19 14 17 8 20 Feb. 18 6 107 7 111% Jan. 18 106% Jan. 18 106% Jan. 18 Jan. 10 30% Jan. 19 44 Jan. 15 9 10 8% Feb. 102 66 85 Jan. 11 85% 3 42 37 Jan. 3 39% Feb. 11 Feb. 28 Feb. 14 50 43% Feb. 14 61 4 104% Feb. 5 104% Feb. 14 103% Jan. Sale 113% 106 Sale" 40 45% Feb. 11 Feb. Sale Sale M 115 75 I62"" Feb". 18 107 Feb. Feb. 23 Feb. Jan. 10 112 70 108% 107% Feb. 24 107% Feb. 24 107% Feb. 2 Sale 97 Jan. 99 Feb. 24 97% Feb. 105% Feb. 16 107% Feb. 24 105% Feb. "65"" 35 Jan. Sale 29 Feb. 29 Feb. 32% Feb. 26 1 30 27 Jan. 29 Feb. 29 Feb. 2 105% Feb. 105% Sale 102% Feb. 102% Jan. 86 Jan. 88% Sale 88% Feb. 28 93% Feb. SB* li* 29 105% Feb. 23 10 11 17 Jan. 24 Feb. 24 Jan. 13 Jan. Jan. Jan. Jan. Feb. 12 1 Feb. 24 97% Jan. i3 99 65 Sale 62 87 62% Feb. 64 Feb. 116% Sale 116% Feb. 57% Feb. 104% 104% Feb. 104% 105 104% Feb. 67 104 Sale 105% Sale 120 Sale 117 118% Sale 96 Sale 93% Sale 93% 96% 92% 96 96% 93% 109% 105% 108 106 Feb. 113% Feb. 115 3 Sale 9 Jan. 21 Feb. 11 Jan. 4 Feb. Feb. Feb. 1 65% Feb. 26 16 64 Feb. 16 15 116% Feb. 15 3 67 Feb. 28 23 106 1 Feb. 25 105% Feb. 1 8 120 Feb. 28 3 97 Feb. 17 3 97 Feb. 17 18 106 Feb. 18 59% Jan. 27 64 Feb. 74% 64 116% Feb. 56 Jan. 104% Feb. 104% Feb. 117 Jan. 90% Jan. 91% Jan. 106 Feb. 67 106 106' 121 97 97 106 Jan."15 Feb. Feb. 16 15 Feb. 28 24 19 6 17 Feb. 17 Feb. 18 Jan. Jan. Jan. Feb. 106 3 Sale 93 90 123 Feb. 26 Feb. 9 113% Feb. 115% Feb. 118% Feb. 103 1941 MN 116 5,000 Central Steel 1st sink fund 8s 593 124,000 Certafn-teed Prod s f g 5Ms A...1948 Mf 8 29,000 Champion Pap Ac Fibre deb 4 Ms. 1950 M S 105 J 77,000 Ches At Ohio 1st cons g 5s.......1939 MN 105 J General gold 4M>... 1992 M S 119J 71,000 Ref At lmpt mtgo 3M* ser D....1996 MN 95! 178,000 Ref At lmpt mtf*e 3%a ser E....1996 F A 95% 101,000 Craig Valley 1st g 5s J 106% ..May 1940 1,000 Potts Creek Br 1st 4s.........1946 R At A Dl? 1st con g 4s........ 1989 102 66 Sale 9% 107* 32 104% Feb. 21 102% Jan. 28 104% Feb. 21 Jan. 13 57 Feb. 17 48% Jan. 3 61 Feb. 101% 104% Feb. 1143% "8% 42% I960 Sale 9 14 "69ji 34% Jan. 19 35'" Jan. 18 9 23 13 28 103% Through St L 1st gu g 4s.....1954 374",000 Feb. 11 Feb. 25 Feb. 23 74% Jan. 106% Jan. Jan. Sale Feb. 66 Sale 91 90% Feb. 90% Feb. 26 93% Feb. 3 4 107 107 106 Feb. 18 105% Jan. 105% Feb. 1 110% Feb. 24 110 Jan. Feb. 110% 110% 110 102 25 General 4s... ........1987 Central N Y Power 3% 8 1962 Cent Pac 1st ref gu g 4s........1949 51 Feb. 10 Feb. 25 Jan. 14 Jan. 10 Feb. 28 Feb. 24 60 23 15 28 Illinois Light 3%a 1966 (♦Central New Eng 1st guar 4S..1961 Central of N J gen g 5s.........1989 45 40 10 43 103% Feb. Sale 119% 119% 120% 117% 117% Sale 115% Sale 114% 124% 124% Sale 84% 69% MN 85,000 53,000 Central 40 Feb. Feb. Feb. Feb. 45% Feb. 11 Feb. Feb. Sale 113% J General mtge 5s... 1941 Cent Hudson G & E 1st Ac ref 3%a *65 Cent 111 Elec At Gas 1st As.... 1951 9 Sale 10 Sale 116% A ♦Macon Ac Nor Dl? 1st g 5s 1946 ♦Middle Ga Ac Atl Dl? pur m 5s_ 1947 ♦Mobile Dl? 1st 4 5s. 1946 Central Foundry 1st mtge 6s.... 1941 16 58 104% Sale 53% Sale 13 % Sale Sale Sale 119 119 A 10 41 3 24% 8 102 % 1 95% 4 88% 40% Feb. 42% Feb. 37% Feb. ..... J A O 112 Carriers Ac Gen Corp deb 5s w w.1950 Carthage Ac Adlr 1st gu g 4s 1981 Sale iiH m 94% Feb. 30% Sale 30% 8% 9% 8% 7% 9 85 84 37 "35% 38% 37% Sale 54 50 Sale 43% 104% 103% 103% 104% 104 32 MN J Sale 25 22% Feb. 3 24% 3 103% 26 100% Jan. 3 95% 18 92% Jan. Jan. 27 88% 84% Feb. 28 84 107% Feb. 24107% Feb. 24 107% Feb. 24 107% 22% Feb. 101 % Feb. 105% 1947 "9",000 108 Sale 69 93% Sale 102 110% J 43 60 A J 88% 29% Sale Sale Feb. 21 77 78% 75% 78% 75 106% 106% Feb. 18 108 107% Sale 106 A A 94% 44% 77 F D 15,666 10 45 Sale F J 1,000 47% Sale 44% MN J 20 102% 107% A O Collateral trust 4%a ...I960 (♦Carolina Central 1st gu g 4s.. 1949 Caro Clinch 8c Ohio 1st 5s. 1938 1st Ae con g 6s series A.Dec 15 1952 Sale 108 10 Canadian Pac 4% deb stock.... Collateral trust gold 4%a 1946 5s equip trust ctfs 1944 Collateral trust g 5a..........1954 42,000 Celotex Corp deb 4%a w w 10,000 ♦Cent Br Un Pac 1st g 4s 1.02% Sale 94% Sale 86% D J 1942 A O 1962 Canadian Nat Jold 4Ms.... 1957 Guaranteed gold 5s July 1969 Guaranteed g 5s Oct 1969 Guaranteed g 5s 1970 Guar gold 4%a June 15 1955 Guar g 434s ..1956 Guar g 4%a 1951 Canadian Northern guar 6%a 1946 . J A O J M 8 a 107% 113 114 107% -J— 8 113 Feb. 8 112% Jan. 26 115 Jan. 11 March, 1938] Sales in N. Y. STOCK Price $ 40,000 360,000 184,000 657,000 226,000 334,000 1938 Feb. 1 Feb. 28 Sale Sale Sale Illinois Division 4s............1949 General 4s....... 1958 j j m 8 Sale 1st Ac ref 454s sorlos b.........1977 1st Ac rof 5s sorlos a..........1971 f a Sale f a Sale Prices 21 Feb. 21 Sale j 1949 1949 ..... j'900 j j j mn j j 18,000 38,000 45,000 638,000 20,000 182,000 25,000 143,000 88,000 78,000 14,000 123,000 j 26 26 j a a o mn ♦Stpd non payt Fed Inc tax. 1987 •Stpd gen 454* non-pay Inc taxl987 •Gen 5s stpd non pay Inc tax.1987 •General 4 s stamped........1987 '•15-year secured 654a— .....1934 •1st At ref g 5s... ...May 3937 '1st at ref 4kb stamped May 3937 '1st Ac ref 4 k*ser g. ......May3937 ♦Conv 4h* series a ..1949 mn mn mn m 8 j d j d j d mn f a j j 112 Sale 37 ao ii*s if n .1951 j d .Jane 151951 i d 4,000 Memphis DIv 1st 4s...........1951 1960 35,000 Chic t h Ac s'eest lot Ac ref 5s Income guar 5s........Dec 1 i960 23,000 j 30 41 1154 Sale 354 W Sale Sale Sale 18 Sale "16"" 17 16 18 1854 Sale Sale 23* a1?** Sale Sale 1054 21 1054 Sale Sale 10 Sale 6 Sale 47 854 Sale Sale 7 d •Convertible gold 454*——1*4* {•Choc Old Ac Gulf consol Ss 1952 314*—1966 3Mis.................1967 Cine Gas Ac Elec 1st mtge 1st mtge 20 Sale 1154 Sale 16 15 Feb. 25 Feb. 8 12 Feb. Feb. m 8 854 Sale 654 Sale fl454 s >e 4h 50 18 7254 5454 Sale 10754 109 109 Sale m s 10454 105 j j m a o mn a f d Feb. 25 7 754 Feb. 23 100 92 f? 103 105 2854 3454 3354 3454 32 32 Feb. Feb. 13 1054 Feb. 454 Feb. 23 7 1654 Feb. 1754 Feb. 2 354 Feb. 15 Feb. 1554 1554 1554 1754 Feb. Feb. Feb. Feb. 22 19 Feb. 18 17 Feb. 7 4354 Feb. 17 Feb. 15 54 Feb. Sale 8 7854 Feb. 754 Feb. 4 Feb. 2 22)4 Feb. 1 1154 Feb. 15 1154 Feb. 14 1154 Feb. 14 654 Feb. 23 8 7 8 Feb. Sale" 754 Feb. 454 Feb. 4 1 8354 Sale Sale Sale 58 3454 Sale 107 5554 48 7854 59 Sale 106 10654 10854 Sale 10554 Sale 10254 Sale 88 Sale 80 57 Sale Feb. Jan. 15 Jan. 22 1454 Jan. 31 15 k Jan. 26 4 1554 Feb. 17 Jan. 3 1654 Jan. 25 18 Jan. 3 1054 Feb. 25 Jan. 28 4354 Feb. 1554 Feb. 8 7 7 17 8 654 754 654 454 Feb. 4 Jan. 3 Jan. Jan. 26 Jan. 6 Jan. 5 3 3 3 3 11 12 3 Feb. 23 Feb. 25 Feb. 10 12 7 15 Jan. 17 Jan. Jan. Jan. 14 15 17 14 8 1354 Jan. 454 Jan. 12 Jan. 13 18 1854 Jan. 13 Jan. 13 Jan. 8 22 Feb. 2 18 Jan. 18 22 Feb. 1 Jan. Jan. Jan. Feb. It ft 1054 Jan. 28 3 354 Jan. 12 Feb. 25 Feb. 8 15 12 8 5 554 Feb. 23 Jan. Jan. Jan. Jan. 5 1454 3 754 6 754 85 Jan. 18 8554 112 Feb. 15 112 2654 Jan. 31 25 Jan. 28 30 3 36 2854 Jan. 5 2854 Jan. 5 28 Jan. 29 3 19 8 Sale 12 Jan. Jan. 1054 Jan. 554 Jan. 554 Jan. Jan. Jan. 1 Sale 1254 Jan. 21 10 10 7 3 Sale 27 109 9354 Jan. 27 105 Jan. 28 109 Jan. 28 90 Jan. 27 17 Jan. 26 16 Jan. 20 108 Jan. 6 2254 Feb. 4 Feb. 11 Feb. 9 Feb. 10 Feb. 10 Feb. 57 Sale 754 Sale Prices Jan. 8 26 j Jan. 4454 Feb. 14 1854 Feb. 21 3 2 5 Feb. 25 1054 Feb. 1054 Feb. 25 10 Feb. 15 Feb. 23 Feb. 14 Feb. 16 Feb. 11 Feb. 14 Feb. 23 99 P 12 Jan. 115 115 7 Jan. Jan, Jan. 51 Jan. 1954 Jan. 1854 Jan. 954 Jan. 854 Jan. 10 Jan. 854 Jan. 554 Jan. 12 12 12 11 18 10 13 8 8 12 8 10 7854 86 66"" 105 o 8 1454 Feb. 25 112 32 3154 Feb. HP* Sale "854 80" j a j 2 Feb. Feb. Feb. 27 27 Sale Sale 64 5754 Sale 4754 Sale 105 Sale 86 Sale 6654 Sale mn 10154 102 10754 10754 108 mn 108 10854 Sale Sale 106 86 3 7854 Feb. Jan. 3 58 3 7854 Feb. 5454 Feb. 16' 67 4 3 7 47 48 1 44 Jan. 19 3 105 Feb. 105 80 Feb. 8 Feb. Feb. Feb. 10654 Feb. 10854 Feb. Feb. Feb. Feb. 10854 Feb. 10354 9154 8854 6854 Feb. Feb, 5654 Feb. Feb. Feb. Feb. Feb. 87 80 56 14 110 Feb. Feb. Jan. Jan, Jan. 3 10954 Jan. 10554 Jan. 13 100 Jan. 13 3 5 9254 Jan. 6854 Feb. 15 14 10254 Jan. 107 Jan. 5454 Jan. 10754 Jan. 28 10854 Jan. 10554 Jan. 10254 Feb. iftb m n 4 7854 Feb. 37 1254 3454 Sale 10354 Sale 10354 Feb. 1 10454 Feb. 25 10654 108 10754 10854 10754 Feb. 23 10854 Feb. 25 1943 Jan. 7854 Feb. 3 5454 Feb. 16 10854 10954 10854 108 Sale 10554 10354 Sale 10254 87 8854 Sale 5s series c guar 1957 1st mtge guar 354b series d....1971 Clearfield at Mahoe 1st gtd g 5s.. 1943 CCCatStLgeng4s 1993 General 5s series b__—.......1993 Cln Leb at n 1st con gu g 4s Feb. 1054 Feb. 10* Sale 50 ity' 19 Sale Sale 88 d i ywo 37,000 7554 Feb. 16 22)4 Feb. 23 112 3354 3354 3454 16 •'Sec. gold 4k« series a 1952 •Certificates of deposit......... 1st mtge 354* series b.........1963 149,000 354 a guaranteed .........1951 80,000 365,000 Chicago At Western Indiana 4s..1952 1st & ref mtge 4)4* 8er d 1962 151,000 1943 119,000 c'hllds Co deb 6s 4 6 2954 3954 mn Chicago Union StationGuaranteed 4s...............1944 11,000 1st mtge 4s series d...........1963 47,000 Feb. 28 Feb. 1454 Feb. 25 654 Feb. 17 2854 Sale mn Chic s l Ac n o gold 5s Gold 3 1654 Feb. 23 4 86 27 2054 1987 •{♦Chicago Rye 1st 5s stamped Feb 11937 25% part paid 1937 {♦Chic ri At Pacific gen g 4s 1988 •Certificates of deposit..... ••Refunding gold 4s..........1934 •Certificates of deposit..... Feb. 15 8 j 11989 11989 662,000 {♦Chic Mil St pac Pac mtgeis serAl975 ♦Conv adj 5s...... 770,000 JTanl 3949 68,000 {♦Chic & No West genius 1987 70,666 1754 Feb. 23 18 1054 20 1054 1054 37 554 Sale j •Gen g 4^o series r....May •Gen 4ms series p......May ..... 90 3 73 80 Sale d ♦General 4s 4 o j 1949 250,000 56,000 2,000 165,000 /Feb. 1454 Feb. 20 j 174,000 •Chic Mil Ac St p gen g 4s set a—198* •Gen g 354* series b 45,000 May 11989 •Gen 454s series c......May 11989 45,000 8,000 3,000 4 103 90 12 Sale j Feb. Feb. 9954 Feb. 9054 Sale Sale m s 2,000 {•Chic Indlanap Ac Loulsv rf g 4sl947 1,000 •Refunding gold 5s ser b 1947 1.000 •Refunding 4s sorlos g........1947 '1st Ac general 5s series a..—.1944 16,000 •1st Ac gen 4s series b 18,000 Map 1944 Chic Indiana Ac Sou 54-jrr 4s ...1954 Chic l s At Bast 1st 4 ms Feb. 4' 107 Feb. 15 Feb. 24 9854 Feb. 103 95 15 mn Sale Prices 21 Feb. 21 Sale Prices 2354 Feb. 14 Sale Sale Highest Jan. 9954 Jan. 27 107] 10154 Feb. 4 10354 Feb. 15 10254 Jan. 26 11154 Jan. 10554 Feb. 19, 10754 Feb. Sale Sale Sale Sale Sale a o mn .. Lowest Highest Lowest Ask Ask a o j Chic & Alt rr ref g 3a Chic Burl Ac o iii Dlv >»!.. 141,000 {•Chic ~2~66o 1 Jan. 3 •{♦Chic Ac b 111 1st cons ft 4s. ...1934 Ac k 111 Ry (now co) g 5s —1951 'Certificates of deposit....... 29,000 9,000 Chic Ac Brio 1st gold 5s 1983 665,000 {•Chic Gt Western lot 59-jr 4s... 1959 , RANGE SINCE JAN. PRICES IN FEBRUARY BONDS m. 7. stock exchange February h Value 23 EXCHANGE—BONDS Jan. 5 10454 Feb. 25 10854 Feb. 25 Jan. 102 Cincinnati Union Terminal— 50,000 118,000 52,066 68,666 1st mtge g j j d d J j 13,000 Ref at lmpt 4 hs series b. ...... 1977 Cairo Dlv 1st gold 4s. .........1939 1991 St Louis Dlv 1st coll trust g 4s.1999 mn 73j 102! J ~6~,66o Cln w At m DIv 1st g 4s j j 1949 m Spring Ac Col Dlv 1st g 4s w w Vol Dlv 1st g 4s 1944 25,000 Cleve-CUffs Iron 1st mtge 454«—1950 18,000 Cleve Elec Ilium 1st m 3 jis 1965 Clev Ac Pitts gen gu 4Hs ser b..1942 Series b gu 35*8—— .....1942 Series a gu 4Ms——.......1942 6,060 Series c gu 3548——.........1948 44,600 Series d gu 354s 1950 General 414s aeries a....—..1977 •_ Gen Ac ref. mtee 4us series b.. 1981 18,000 Clev Short Line 1st gu 4Ms......1961 166,000 Clev Union Term 1st gu 554* a..1972 192,600 1st s f g 5s series b guar 1973 165,000 !•* • f 4ms series c —.—1977 Coal Riv Ry 1st gu 4s —..1945 .... Sale 10054 9054 Sale j 8 j a o a o 110 10454 10954 10554 108 a 105 f a j j 10654 10554 10454 106 10554 107 10154 104 a o o a o a o j d 36,000 Colo Fuel Ac Iron Co gen s f 5s..1943 f a 32,000 '5s Income mtge.......—.....1970 a 53,000 Colorado Ac Southern 454s ser a.1980 m n 173,006 Columbia Gas Ac Elec deb 5s.... 1952 mn 7,600 Debenture 5s ........Apr 15 1952 a o 136,606 Debenture 6s ...Jan 15 1961 Columbia Ac Hock Val 1st ext g 4s *48 a o 91 10954 9954 59 236,666 2k* debentures...........—1942 78,006 Commercial Invest Tr deb 354*~1951 107 105 296,060 50,060 1st 1st 1st 1st 1st 1st mtge g 5s series a mtge g 5s series b mtge g 4)4* series c . mtge g 454« series d mtge g 4s series f mtge 354« series h 1956 1957 1981 1965 101 J 11254 11254 11254 11254 10854 10554 j s Conn Ac Passum Rlvs 1st g 4s 1943 2,000 Conn Ry At Lt 1st g 4ms .1951 3,660 8tamped guar 454*...........1951 53,600 Conn River Power s f 314* a.....1961 270,000 Consol Edison (n y) deb 3)4*—1946 217,066 3h* debentures..............1956 Consol Hydro-Elec Works of Upper 13,000 'Wuerttemberg 1st 7s.........1956 j 67,000 Consol Gas Co deb 4 ms 1951 j 686,006 Consolidated oh conv deb 3h*—1951 j 16,666 {'Consolidated Ry deb 4s...—.1954 j 22,000 'Debenture 4s...........jatj 1955 j 'Debenture 4s..—.......aaco 1955 5,000 a 78 Feb~.2§ 101 Feb. 8754 Feb. 8154 Feb. 75 Sale 9554 Sale 9954 Sale 10954 78 54 "Feb. 18 106 Sale 60 41 9854 Sale 10054 Sale 10354 Sale 10054 Sale 10454 Sale 113 113 11354 10854 Sale Sale 101 106 101 10754 10654 10754 10554 Sale 10354 Sale 103 10354 89 84 j Feb. Feb. Feb. 14 65 Feb. 2 8 95 4 92 Feb. 23 Feb. 23 8554 Feb. 8 93 Feb. 24 Feb. Feb. Feb. Feb. Feb. 3 d 10654 Sale d 97 16 16 j j o 97 1654 20 107 Sale 215 100 295 11 — 11 Feb. Feb. 10054 Feb. 10354 Feb. 100 Feb. 24 11354 Feb. Feb. 10 11254 Feb. 8 112 Feb. Feb. Feb. Feb. Feb. 2 106 60 39 Jan. Jan. Jan. 8854 Feb. 8 Feb. 4 90 11154 Feb. 14 10954 Feb. Jan. 9554 Jan. 9954 Jan. 102 Jan. 3 Feb. 16 Feb. 26 Feb. 25 Feb. 16 Feb. 15 1 2 10 99 98 14 18 15 Jan. Jan. 10954 Feb. Jan. 28 3 12 4 9854 Feb. 28 3 10054 Feb. 28 4 10454 Feb. 28 Feb. 24 Feb. 11054 Feb. 4 Feb. 29 108 11354 Feb. 10 113 8 112 Jan. 4 28 Feb. 2 11054 Jan. 27 11154 Feb. 14 10554 Jan. 104 Jan. 28 108 Feb. 28 28 10654 Feb. 25 12 101 Jan. 12 10054 Jan. Feb. 19 10751 Feb. 19, 10754 Feb. 19 5 Feb. 17 10751 Feb. 17 10754 Jan. 1 10651 Feb. 28 105 Jan. 26 Feb. Feb. 26 10551 Feb. 2 10354 Jan. 5 Feb. 11 10351 Feb. 3 10154 Jan. 28 26 2054 Feb. 11 2154 4 107 Sale 10654 Feb. 1 10054 97 Feb. Sale 9 15 Feb. 16 1654 8 15 Feb. 1654 1654 65 4 4754 Jan. 8 8554 Feb. 9654 Jan. 11254 Jan. 28 11254 Jan. 112 2 108 Feb. 28 2 10654 Feb. 25 Jan. Jan. Jan. Jan. 4 10154 Feb. 7 19 112 2 20 7 4 4 12 23 106 28 28 28 Jan. 11154 Feb. 17 Feb. 18 10454 Jan. 27 10554 29 10254 Jan. 28 9254 72 Feb. 10954 10754 9854 10054 10454 Jan. 25 100 90 10854 10754 10754 10754 15754 10754 Sale 10654 10654 10554 105 Sale 10454 Sale 104 10254 Sale 10254 Sale 102 26 3 7854 Feb. 18 7954 Jan. 8854 Feb. 107 107! 17 7354 Jan. 10254 Jan. Jan. 10654 Jan. 26 108 10654 Feb. 14 108 Jan. 10654 Jan. 25 10654 Jan. 101 82 Feb. Feb. 4454 Feb. 10 11254 Sale 112 11254 11254 112 1U54 11154 11054 112 111 11054 10754 Sale 10554 10554 10654 104 9q 9054 Jan. 28 Feb. 25 11054 Feb. 4 10754 10754 106 9754 Sale 114 Feb. 27 78" "Feb" 23 105 18 10154 Feb. 3 96 Feb. 10954 Feb. 10754 10754 10654 10554 10354 Beb. 19 17 Feb. 28 Feb. 2 Feb. Jan. 3 2054 Feb. 11 2154 Jan. 4 10754 Jan. 10654 Feb. 96k Jan. 28 10054 Feb. 15 Feb. 9 1754 Jan. 8 15 Feb. 16k Jan. 10 3 25 17 13 1654 'Debenture 4s...._...........1956 j j 16 18 12 18 J J 5054 5754 45 Sale 37,600 'Consolidation Goal s f 5s.......1960 8254 Feb. 10654 10654 Feb. 10654 Feb. 10654 Feb. 14 10654 Feb. 14 Sale 105 Sale 114 m §554 82 64 102 j Jan. 1 112 109 107 109 26 10854 Jan. 104 99 Sale 9054 J o Jan. 56 101 Sale Sale j d 78 7954 Feb. 10054 10054 Feb. 24 10154 Feb. Sale d a 2 68 Feb. 15 6154 Feb. 10154 Feb. 25 10154 Feb. 23 Sale 60 j 1953 1954 86 Sale Sale Sale a 10754 Jan. 10454 Jan. 10754 Sale 10254 4454 Sale St* Feb. 10754 Feb. 14 105 Commonwealth Edison co— 41,000 45,000 12,000 21,000 104 10654 165" f 1,000 Columbus at Toledo 1st ext 4s...1955 161,600 Columbus Ry Pow Ac Lt 4s......*965 mn 183,666 Commercial Credit deb 3)4*——1951 a o "78" 10454 100 10654 Sale 108 109 10754 Feb. 10554 Feb. 10554 Sale 10554 Sale 10554 Feb. 28 10554 Feb. 10954 11054 11154 11154 11054 Feb. ' 11154 Feb. _____ a 8154 W* 66 99 10454 11054 Sale Sale 10154 102 "§554 80 100 f Sale 9254 10754 6154 Sale 100 mn j '7954 Sale 104 10054 MU ab J4 10154 j mn j ..... Sale Sale 106 1554 Feb. 45 9 Feb. 28 1554 Feb. 5054 Feb. 1554 Feb. 45 Feb. 9 1554 Feb. 54 Jan. 9 13 4 107 Jan. 12 28 Consumers Power Co— 51,000 mn 55,666 mn 125,000 80,000 mn 1st lien Ac unlf mtge 3 ms.—1965 1st lien Ac unlf mtge 3hs......1965 1st mtge 354« 1970 1st mtge 3)48 -.1966 17,660 Container Corp of Am 1st • f g 6s.1946 13,000 Deb gold 5s 1943 ^Copenhagen Telep extl s f g 5s. 1954 23,000 Crane Co s f deb 354* ...1951 43,0001Crown Cork At Seal s f 4a 1950 36,060JCiown Willamette Pap 1st s t g 6s 1951 mn 10654 Sale 10354 Sale 10154 Sale 98h 100 105 86 '8854 j d j d f A 10054 101 v a mn 100 106 j 10354 104" j 10654 10454 10354 9954 10154 Sale 89 102 8754 Sale 10554 Feb. 109 10254 Feb. 10354 10154 Feb. Sale 9954 Feb. Sale 89 102 4 107 Feb. 9 10454 Feb. 10254 Jan. 5 10354 Feb. 3 10154 Feb. 10154 Jan. 9954 Jan. Feb. 25 10454 Feb. 89 Feb. 8454 Feb. 15 10054 Sale For footnotes, see page 30. Sale Sale Sale V Feb. Sale 102 Sale Sale 106 105! 104] Sale 10554 Feb. Feb. 10454 104 101 102 106 Feb. Feb. 10454 Feb. 10554 Feb. 11 10454 Feb. 25 31 10354 Feb. 23 27 10154 Feb. 23 102 Feb. 25 10554 Jan. 13 Jan. 14 8454 Feb. 15 91 I009u Jan. 10 lOO'htJan. 11 6 102 Jan. 20 9954 Jan. 10554 Feb. 10 10654 Jan. 26 4 10454 Jan. 19 10354 Jan. 24 n. t. stock exchange-bonds = ■ Sales in bonds February Value STOCK EXCHANGE si 171,000 Cuba Northern Rja lat 5%« 1942 170,000 Cuba RR lit 89'jr g 5i ........1952 65,000 7%s aerlea A extended to.....1946 6a aerlea B extended to.......1946 20.000 D 36% J 42 40 D 37 49 % 46 ...... .... ....... Detroit Edison 42,000 39,000 70,000 45,000 204"666 106% Sale 103 104 % 106 % 106 107 % 107 % Sale 12 15 5% 5% 7 8% 9% 3% 8% 4% 40 7 112% 113 % 108 % 109 Gen Be ret mtge 4a aerlea P.....1965 AO 109% Sale Gen & ret mtge 3%s aerlea G..1966 M S 105 105 % D ♦Detroit Ac Rack lat lleng 4a.... 1995 70 38 Raatern Ry M No Dlv lat g 4a..... 1948 A O Eastern Tenn Va AC Ga 1st g 5s 195t> MN .. ..1939 J .1995 3 Ed El 111 Bkn lat con g 4a Ed El 111 N Y lat cona g Aa Electric Auto Lite conv deb 4a... 1952 F J 3 A ...1941 M N Elgin Jol Ac Eaat lat g 5a EI Paso Nat Gaa 4%e aerlea A....1951 3 D 55 38 108 % 110 Sale 103 2o"65o 12% Sale 13% 2% 4% 80 108 7% 15 Sale 7 Sale 6 10 3% Sale 10 Feb. 54% Feb. Sale Prices 43 Feb. 9 5 4 4 27 Jan. 47 5 54% Feb. 58% Feb. 9 3 52 MX 108 106% Feb. 107% Jan. 11% Jan. 14% Feb. 5% Feb. Feb. 14 Feb. 15 Feb. 17 Feb. 25 Feb. 17 16 8 Feb. 7] 103 8% Feb. 3% Feb. 28 Feb. 24 103 106 Feb. Feb 9 28 1 103% Feb. 28 107% Feb. 23 108% Jan. 19 Jan. Jan. 108% Jan. 15 16 Feb. 5% Feb. 8 24 14 Feb. Jan. 13 15 Feb. 17 Feb. Feb. 8% Feb. 10% Feb. 25 17 5 3% Feb. 25 3 Feb. 24 42 42 8 7 Feb. 107% Jan. 105% Feb. 9 107% Feb. 14 107% Feb. 15 42 41 45 106% Jan. Feb. 5 40 Feb. 28 103% Feb. 28 107% Feb. 23 108 107% Feb. 12 Jan. Jan. Jan. Jan. 36 9 107% Feb. 15 Highest | Sale Prices 8 7 52 108"" 106% FeD. 14K Sale 15 5% 7% 5% Sale 8% 9 17 m 3 3 a 1942 M f 5a Jan. Feb. 7 24 3% Feb. 25 42 131% 98% Sale 109 110 103 Sale ----- 28,000 1st lien a f 6s stamped........1942 2,000 36-year deb 6s series B.. 1954 10,000 Flat deb a f 7a. 1944 {♦Fla Cent Be Peninsular 5a 1943 15",600 t*Fla Eaat Coast lat 4%i 1959 ♦1st At ref Aa aer A 1974 84,000 ♦Certificates of depoalt 4,000 ♦{♦Fonda Johna Be Glov ref 4%e.l952 .... M ♦Certificates of deposit....... 1941 — f Sale To* S 3 D 3 3 D 1947 J 1945 J J 3 ..1946 3 D 1948 MN Sale 62 22% 22% 90 Sale Sale 15% 15% Sale Sale 62 58 11* 99 60 94% 101 86 95% 60 57% 60 6% Sale 6 Sale 17% 1% 2% 104 —— 166" 96% 95 60 94% 40% 45 100 82 95 60 58 98% 100 106 Feb. 24 Feb. 2 2 4% 104 104 65 90 Feb" Feb. Feb. 106 50% Feb. 25% Feb. 20 Feb. 21% Feb. 1 103% Feb. 16 7 Feb. Feb. Feb. Feb. 4 5 14 102% Jan. 21% Jan. Jan. 37 5 Jan. 5 Feb. 23 Jan. 29 55% 30% 22% 23% Jan. 109 3 3 21% 21% 15% 15% Feb. Jan. Feb. Feb. 36% Jan. 21% Jan. 2 2 67 Jan. 98% Feb. 24 95 Jan. Feb. 7 61% Feb. 2 Feb. 24 95% Feb. 3 60 Feb. 43 98% Feb. 3 6 26 Jan. 3 3 Jan. Jan. 3 101% Jan. 13 61% Jan. 4 102% Jan. 20 6 7 Feb. 24 92"' Feb". 24 92 Jan. Jan. 42% Jan. 105 85 54% Jan. 4 100% 17 Jan. 12 " 97 % "Jan" l9 97 ' 92~~~Feb~ 24 99 82 95 " Feb. Feb. Feb. 3 2 4 97 Feb. 9 100 80 Feb. 3 83 Jan. Jan. 25 94% Jan. 4 95% Jan. 25 Feb" "14 58 Feb". 24 57 55 58 57 97 "94% Feb"."l5 2 a* 5% Feb. 4 6% Feb. 25 6 Feb. 2 6 Feb. 2 Feb. 26 2 Feb. 26 1% Feb. 10 1% Feb. 10 2 6 Jan. "\7 10 2 14 29 4 7% Jan. 6% Jan. Feb. 26 1% 103% 104% 49% Feb. 5% Jan. 5% Jan. Feb. Jan. Jan. Jan. 58 11 9% 2% 4% Feb. 2 1% Feb. 104 - 5 16 51 8 Feb. 24 Jan. 53 97% Feb. 92 10 26 19 70% Jan. 62 98% Feb. 19 10 Feb. Jan. 15 60 Jan. Jan. Jan. Jan. Jan. 20 47 11 10 Feb. 58 1 7 17 25Hi Jan. 11 24 18% FeD." 2 18% Feb. 9 Feb. Feb. Feb. Jan. 103% Feb. 5 109 102% Feb. 65 9 101 6 104 3 23 28 108% Jan. 27 107 80 Feb. 3 90% 102% Feb. 16 103% 131% Jan. 26 131% 97% Jan. 5 101% 15% Feb" 28 15% FeD. 28 Feb. 21 60 3 1% 1% Feb. 19 17 100% Feb. 28 15 109 Feb. 15 Feb. 2% 1% 1% 29 Jan. Feb" 23 109" Jan" "12 106% Jan. 80 Feb. 94% Feb. 9% 101 Jan. 106 3 84% Feb. Feb. 16 103% Feb. 85 95 2% Feb. 23 Feb. 1 Feb. 17 Feb. 94% 80 6 42% Sale 48 93% 6% Sale 6% 5% 89% 38% 92 6% 60 42 98% 100 5% 5% 109 117% 118 100% Sale 97 993 38% 43 65 Sale 100 63 61 "60"" 63 Sale 99 100% Sale 94 95% 96% 92 96 90% 95 "95% "98" 3~ "3 1938 A O 1949 3 D A.1952 F A Sale 101% 102 95% 97 MN 3 Sale 65 3 f M S 17% Sale Sale 58% Sale 92% 43 42% 105 1956 MN --- Sale 20 Francisco Sugar coll trust 6f 85,000 General Cable 1st a f g 5Ha A 10,000 ♦General Elec (Germany) 7q ♦Debenture 4H* 7,000 ♦8 f deb a 6s 11,000 Sale 22 60% 3 7Ha.-1942 3 aer Sale 28 Sale 60% 75,000 Galv Hous Be Hend 5H« A Gaa Be Elec (Bergen Co) Aa.. Gen Amer Investors deb Aa 51* Sale O ♦♦(Amended) 1st cona 2-4s 1982 Proof of claim filed by owner... MN Port St U D Co lat g 4%s. Framericlnd Be Dev 20-yt 37 110 20 .... Proof of claim filed by owner.. 53 51 Feb. Feb. 23 106 102% 105 103% Feb. 17 104 22 9 22% 23% 21% Feb. Sale 1 108% Feb. 108 26 5s International aerlea......1942 MS First lien a f Aa stamped...... 1942 M 8 105 112% Jan. 27 113% 107% Jan. 27 109 109% Jan. 27 110% 104% Jan . 10 107% "40" 33 106 56 S Sale 2 2 113% Feb. 4 108% Feb. 23 7 110% Feb. 23 7 107% Feb. 23 33 "55"" O 1953 A 4a Serlea D 35 35 113% 112% Feb. 109 107% Feb. Sale 109% Feb. 106% 80 50 50 81% 80 103% 106% 101% 106% 102% 131% 131% 100% Sale" 100% Sale" 99% 111% 109% 109 105"" 102% 102% Sale 103 92% 90% 95% 95% 90 103% 102% 103% 98 O 113% 113 107% 108% 107. 109% 109% 110 105 105% 112 J 107% 89 % 95 % 103% 106% 103% 70% Sale 135,000 14,000 Pederal Lt At Tr 1st 14",000 hill 54% Feb. 58% Feb. Feb. 15 107% 105% Feb. 106% 107% 107 52 Sale 49% Sale 49% Feb. Sale 108 107 Feb. 107% Feb. 104% 103% Sale 103 106% 107% 107 107% Feb. 22 Sale 103% 104 ♦3d mtge 4^s...... ....1938 M S Ernesto Breda Co lat mtge 7a.... 1954 F A Palrbanks Morse deb 4a.........1956 3 D 13,000 49 Sale 3 3 ♦Brie At Jeraey lat a f 6a......1955 3 3 ♦Genesee Rlv RR 1st a f 6s 1957 3 ♦N Y Be Erie RR ext lat 4a 1947 MN 6,000 1,000 40 Lowest Highest Sale Prices 43 Feb. 9 37 Feb. 28 46% Feb. 23 52% Feb. 25 211 3 ♦Ref At lmpt gold Aa aer 1927 ..1967 If N ♦Ref Ac Imp Aa aer 1936........1975 A O 14~6oo 48% 52% 48% 48 106 J O ..... 77,000 {♦Erie RR lat con ♦lat conaol gen Hen 4a........1994 412,000 ♦Conv g 4a 8er A ............1953 151,000 ♦Serlea B 1953 86,000 616"o56 44 Sale 38 a46% Sale 104" B.194Q 1946 Ac prior lien 4al996 Aa stamped 728,000 27,000 30,000 2,000 Sale Lowest Sale Prices Sale 21% O Erie Be Plttsb gen gu g 314* hi Series C 3Hi conv 40 Sale 55 Ask 107M Sale 1965 1965 El Paso&SW lat Ac ref Aa ♦Gan Ask\Bid 391 47 j 107% 12 Gen & rel 4%b seriesD 1961 F A Gen Ac rel Aa aerlea B..........1952 A O 5,000 35,000 107 & Sale 51% Sale Bid — D ♦Second gold 4a...........—1995 6,000 Detroit Term Ac Tunnel lat gu 4%s '61 M N D 76,000 Dow Chemical deb 3a........—1951 8,000 {♦♦Dul So Shore Ac Atlantic g 5a .1937 3 3 164,000 Duquesne Light lat M 3%s ..1965 3 3 9,000 6,000 39% 38% D 22,000 Dayton Pr Be Lt lat Ac ref 3% ■—1960 A O 200,000 Del A Hud lat Ac ref 4a 1943 MN J 6,000 Delaware Pr Ac Lt lat M 4%*——1971 J 10,000 lat Be ret .1969 J 3,000 lat mtge gold 4%« 1969 12,000 Denver Gaa Be El lat Ac ref 5a....1951 M N M N 4,000 Stamped aa to Pa tax J 146,000 J ♦♦Dan Be Rio Gr lat cona g 4a ....1936 3 18,000 ♦♦Conaol gold 4Ha t93i 41,000 {♦Denv Be R Gr West gen Aa Augl95f F A 96,000 /♦Assented (subject to plan)..... ♦Ref Be Imp mtge Aa aer 0......1979 AO 57,000 {♦DesMoines Be Ft D lat gu g 4a..1935 3,000 Cert If lea tea of depoalt........ 5,000 {♦Des Plain*"* Val let guar 4%s•-1947 M Feb. 28 Feb. 1 Ask Bid V RANGE SINCE JAN. PRICES IN FEBRUARY Price Jan. 3 1938 103% Jan. 103% 104% Jan. 43 Sale 42" "Feb". 2 45 Feb. 14 42 Feb. 95 Sale 85 Feb. 15 97 Feb. 19 60 Jan. 119% 118% 101% 102% 101% 102% 101% Feb. 11 102% Feb"."l6 4 97 Feb. 25 OQJU Feb. 98% 99% 96% 98 99% Fflh. 4 Feb. 45 Sale 1 45 Sale 42% Feb. 9 45 Feb. 21 45 Sale 44 Feb. 23 45 44% Sale 45 Sale Feb. 1 45 Sale 42% Feb. 4 45 "" 20 97 Feb. 10 17 13 18 19 102% Jan. 20 07 TTflh 97'" Feb. 25 99% Jan. 15 1 Feb. 40% Jan. 10 45 Feb. 21 40% Jan. 10 45 100% Jan Feb. 1 103% Jan. 12 26 102% Jan. 26 97% Jan. 10 31 25 21 Feb. 12 1 Jan. 11 25 Jan. 12 25% Jan. 13 25% Jan. 13 Feb. 4 Jan. 39 4 Jan. Jan. Jan. Jan. Feb. 4 45 General Motors Acceptance Corp— 189,000 140,000 256"600 16-year debenture 3s..........1946 15-year debenture 3%s—...—1951 Genera' Public Service deb 5Ha_1939 Gen Steel Castings 1st 5H* w W..1949 F A 102% Sale F A 102 Sale J J 96 J J 50 Sale 3,000 {♦Ga Ac Ala 1st cona 5a....Oct. 1945 J ♦{♦Georgia Carolina & NorthernExtended at 6% to July 1 1934..... 2,000 J ♦Good Hope Steel Be Iron see 7a. 1945 227,000 Goodrich (B F) Co conv deb 6s.. 1945 1st mtge 4%s 172,000 1956 361,000 Goodyear Tire Ac Rubber lat 5a..l957 12,000 Gotham Silk Hosiery deb As w w.1946 3 J M N M 8 Gout Be Oswegatchle 1st 5a 1942 3 ex lat gu g 4% s—1941 3 91% Sale 94% Sale 103% Sale 87 D Grand R Ac I 25", 000 Gt Cons El Pow (3 a pan) 7s 1944 lat Be gen a f g 4 Ha............1950 216,000 Great Northern Ry— lat At refund 4Ha Set A 202,000 1961 Gen mtge AH* Ser B..........1952 142,000 Gen mtge 5a Ser C...........1973 34,000 Gen 4H* Serlea D............1974 53,000 Gen 4%* aeries E............1977 96,000 Gen mtge 4a series G..........1946 1,003,000 Gen mtge 4s series H.........-1946 219,000 Gen mtge 3 % s series I 121,000 1967 1,000 ♦Green Bay Ac Wist dab ctfa A...... ♦Income debenture ctfa B......... 18,000 J 104% 106% D 80 F A 71% 3 3 70 111% Sale 3 104 98 3 J M J J Fab 50 105% Hock Val lat con g "82"" 60% 1952 J 13,000 Gulf States St'I 1st mtge 4H*-.—1961 A 72,000 Gull' States Utilities 4s series C..1966 A 10-year debenture 4H*—.....1946 A 39,000 ♦Harpen Mining 6a 1953 J ...........1949 3 J 84 92% Sale 26 103 91 92 68% Sale 65 67% 80 71 67% Sale 107 94% Sale 103 106 92 Sale 77 70 95% Sale 90 87% Sale Sale 89 Sale Sale Sale Sale Sale 60 62 Sale 9% "90" "95" Sale !?K 54 9 20% Feb. 17 Feb. 4 93% Feb. 1 68% Feb. 5 Feb. 15 65 Sale 65 Sale 90 Feb. 81% 81% 93% 86% 73% Feb. Feb. Feb. Feb. Feb. 59 Feb. 8% Feb. 73 68 99 Sale 118% Sale 20 90 94% Jan. 103% Feb. 76% Feb. 30. 10 Jan. 11 3 99% Jan. 8 105% Feb. 24 11 i06%"Jan"l9 98 80 106% Jan. 19 4 Janr"l9 65 Jan. 13 73 Feb". 24 Feb. 65 Jan. 12 70% Jan. 4 4 5 107% Feb. 15 1 103 Feb. 28 Feb. 26 Feb. 17 Feb. 25 4 100% Feb. 25 4 93 Feb. 14 2 81 Feb. 28 25 59 Feb. 25 9 10 Feb. 1 9 96 3 *88 3 88 27 111% Jan. Jan. 91 Jan. 28 104 9 99% Jan. 90 Feb. 81 Jan. 31 90% Jan. 80% Jan. 27 89% Jan. 93% Jan. 28 103% Jan. Jan. 84% Jan. 28 95 104% Jan. 72% Jan. 31 81 Feb. Jan. 26 6 60 10 Jan. Jan. 20 Feb. 26 59 8% Jan. 81 77 75 Feb. 26 81 Feb. 10 81 75 90% Jan. 85 86 3 3 10 11 5 10 10 28 Jan. 25 12 84% 83 83 Feb. 100% 103% Sale 100% Feb. 102% 102% 102% 103% 102 Feb. 108% Sale 108% 20 115 55 25 117% Sale 54% 58 37% 40 81" Jan. 20 82 Jan. 3 27 91 Jan. 6 Jan. 7 8 92 88 Jan. 7 91% Jan. 108% Feb. 8 85 Feb. 17 2 103% Feb. 28 14 102% Feb. 7 1 108% Feb. 1 Feb. 83 102 2 103% Feb. 28 6 Feb. 14 103% Jan. 108 Jan. 100% Feb. 18 108% Feb. 20 Sale 58 40 115 58 Feb. Feb. 38% Feb. il8"""Feb."25 ll5"""Jan'"3l 119% Jan. 58 Feb. 2 38% Feb. 17 55 37 Jan. Jan. V. For footnotes, see page 57% Jan. Feb. 24 90 85 102% 101% 95% 46% 20% 104% Sale 91 18 9,000 Hoe (R) Ac Co 1st mtge..........1944 A O 1,000 {♦♦Houaatonlc RR con g As.....1939 MN 90 95 Feb. 107% 105 Sale 94% Feb. Sale Sale 107% J 20% Feb. 17 Sale 4 97 Feb. 98 Feb. 17 95% Sale Sale 104 8 105% Feb. 24 104% Sale 103% Feb. 78 85 85 Feb. 25 76% Feb. 11 80 96% 85" 96% 106 106% 106% Feb. 7 106% Feb". "7 Sale 101% Sale lat Is 4H*--...... 1999 Sale 22 19 91% Gulf Ac Ship Island ref As...Feb 1952 3 Hackanaack Water 23% - Sale J J Greenbrier Ry 1st gu g 4a 194C MN Gulf Mob Be Nor 1st AH* *•« B...1950 A O lac mtge gold 5s series G......I956 A 18,000 1,000 20 20 88% Sale 8% 17", 656 — 80 73 Sale 3 Feb Stamped 25 18 Grays Point Teim 1st go g Aa ...1947 3 'i',666 30 19% 103% Sale 103% Sale 103% Feb. 21 103% Feb. 8 102 Sale 102% Sale 102 Feb. 1 102% Feb. 26 97% 99% Feb. 24 48% Sale 50% Sale 46% Feb. 4 56 21 Sale 22 50 Feb. 1 20% Feb. 25 21 ! 14 Jan. 6 38% Feb. 17 60 26 N. Y. STOCK March, 1938] Sales in Value $ 56,000 195,000 16,000 132,000 411,000 101,000 Ask Bid 1940 M N Houston Oil sink fund 108' D Hudson Coal 1st s f 5s series A.. mi J 30% Gas 1st 5s—... 1941 M IS A Hudson 5c Manhat 1st 5c ref 5s A. 19*" P a r ♦ Adjust Income 5s ..Feb 1957 120 Hudson County 1970 A Illinois Bell Telep 3%a «er B. 195 1st gold 3Hi 52 % > 1 J 93 93 98 195' A C M * A ...... 1st gold 3s Sale 121% 54 120 121 52% Sale 19 Sale 107% 108 75 99 88 88 0 54"" Sale M N 47% Sale > I "40% 40 Refunding 5s................ 44-year 4%« .......... Cairo Bridge gold 4s.......... Litchfield DIt 1st g 3s 48 45 47 Sale 48 Sale 40% 51% Sale 31 Sale 37 • 1 Sale 1 Omaha DIt 1st g 3s 82 65 80 "59% 40% Jan. 28 54 Jan. 3 47% Feb. 25 38 Jan. 28 49% Jan. 17 Feb. 1 42 10 36 5 4 52% Feb. 25 38% Feb. 25 Feb. 25 "59% 195 F A 80 80 1951 J J 75 74% Gold 3 Ms Sprlngf DIt 1st g 3JJ* 195 1 — ....... Weitern Lines lcr g 4s........ 195 J I 80 80 , F A ~llooo Jan. 21 72 Jan. 21 73 Jan. 4 75 Jan. 4 95 95 90 80 72% 50 79% 50 111 Cent 5c Chic St L 5c N O— 477,000 119,000 113,000 45% Jan. 11 55% Jan. 17 38% Feb. 25 74% 79% 195' 27 26 19 80 St Lou DIt 5c Term g 3s Jan. 45% Jan. 28% Jan. 72 Feb. 98% 81% 79% 81% 65 48 1 37 55 80 103% J I 4 Feb. 47% Feb. 29% Feb. Sale I Feb. 40 Sale 55 1951 Joint 1st 5t ref 5s 44 196 Illinois Steel deben BJs ......194« Ind Bloomtngton 5c W 1st 4s.—_194« (nd 111 5c la 1st gold 4s 195* t+Indlanapol 5c LouIst 1st gu 4sl95« Sale 39 19t> A ser 4%a series C Sale al06% Sale 36% 33% 107% Sale Sale 41 Sale Sale Sale 37 107% J 12% VI P F A 100% 104% Sale 78 13 96 25 87 13 35% Jan. 31 Jan. 31 106% Jan. 33 4 Ref & lmpt mtge 539,000 39,000 191,000 231,000 29,000 132,000 Inland Steel 3Hi 198* ...196! B ser 3% a series D 21 90 Feb. 21 Jan. 17 12% Jan. Feb. 90 90 20 Sale Sale 16% 46% 49% Sale" 72 llnterboro R T 1st 5c ref 5s.....196' ..193, ....193. A VI < «• ♦Certificates of deposit..... Interlake Iron deb 4s...... 1947 cony Sale 104% 48 A O VI !- 55 Sale 17% 51% 8 Jan. 8 42 3 87 Feb. 21 13% Jan. 20 90 5 100% Jan. 48 Sale Sale Sale 56% 54% Sale 53 "75"" r 80 Feb. 50 Feb. 48 Jan. 7 17 Feb. 20 Feb. 17 16 Jan. 5 23 50 19 18 Sale 25 5 55% Feb. 23 51% Jan. 17 Feb. Feb. 58% Feb. 28 5 58% Feb. 28 55 Feb. 18 49% Jan. 49 Jan. 6 55 Feb. 81 Feb. 24 72 Jan. 3 81 3 100% Feb. 9 100 Jan. Jan. 105% Feb. 24 55% Feb. 23 104% Feb. 47% Feb. Sale Sale 47 ♦Certificates of deposit........ ♦♦10-year 4% notes ♦♦10-year 7% notes 99% 105% 52% 100 ... 49 46% Jan. 107% Feb. 24 102 104 ::::: "§6% J 43% Feb. 11 40% Feb. 17 107% Feb. 24 36% Feb. 33% Feb. Feb. 107 Sale Indianapolis Union Ry— 148,000 10 53% 35% J«* 12 41 50% 0 195. 93% Jan. 7 YIN Lou I st DIt 5c Tor g 3%« 17 Jan. Sale 60 "37% Jan. 88 M N Sale 17 98 17 195' ■44" Jan. Feb. "93"" Sale 62% A Jan. Jan. 19a Coll tr g 4s 17 56 3 27 109 2 98 195.' 167",600 82,000 407,000 Feb. 18% Jan. 106% Jan. 99 93 93 1955 51 4 101% Feb. 25 3 4 30% Jan. 5 120% Jan. 10 92% 99 99 Sale Prices Sale Prices 99% Jan. 21% Feb. 119% Feb. 95 99 103 195 ........ Purchased lines 1st 3%a Ask, Sale Prices I Sole Prices 1 101% Feb. 25 100% 101% 99% Feb. 4 23% Feb. 24 21% Feb. 22% Sale 5 119% Feb. 15 119% Feb. 120% 55 Feb. 10 51 Feb. 53% Sale 22 Feb. 10 Sale 18% Feb. 109 Feb. 10 107% Feb. 108% Sale Sale 22 18% 107% 108% O sterling—........ 195 195'; Collateral trust gold 4s... Extended 1st g SHI*.— 99% Sale Highest Lowest Highest Lowest ! Ask Bid Bid Sale Sale J Feb. 28 1 Feb. 1938 n. y. stock exchange Refunding 4s_— 1 Jan. 3 Illinois Central 1st 5 4s......... 195' 18,000 128,000 JAN. RANGE SINCE PRICES IN FEBRUARY Price BONDS February 25 EXCHANGE—BONDS 50 73% Feb. 16 100% Jan. 103% Jan. 31 105% Jan. 47% Feb. 4 Jan. 13 18 Feb. 24 19 100% Jan. 22 19% Feb. 11 Jan. 10 Int Agrl 5,000 77,000 174,000 21.000 42.000 242,000 77,000 79,000 145,000 3,000 14,000 265,000 769,000 449,000 Corp 1st 5c coll tr 5s— Stamped extended to 194, ...1952 {♦Internet Gt Nor 1st 6s A ♦AdJ mtga 6s series A.July 1 195. 100% 100% J J A O 17 195< ♦1st gold 5s series C 195< Internet Hydro El deb 6s.......1944 s Sale 19 5% 16% ♦1st mtge gold 5s series B Int Merc Marine 1st Sale 28 17 42 1947 86% Sale 53% Sale 70 Sale " " 68% Refunding 6s series A ..1955 Int Rys of Cent Amer 1st 5s B...1972 First Hen 5c ref 6 Vis Sale 5 28 19% 4% 15% 15% 65% 46% & 79 62% Sale 86% Sale 78 Sale 80% 89% 85 Sale 80% Sale 18% 19 Sale Sale Sale 19% Feb. 11 5% Feb. 25 17 Feb. 3 18 Feb. 14 15 Jan. 18* 16% 59% 38% 85% 76% 80% 89% 83 Sale Sale 16 17 Sale 17 40 17% Feb. 4% Feb. Sale Feb. Feb. Feb. Feb. Feb. Feb. Feb. 5 18 Feb. 2 15 Jan. 19 4 Feb. Feb. Feb. Feb. Feb. Feb. 28 16 66% 46% 87% 79% 80% 91% 4 4 10 3 80% 86 57% Sale 55 Sale 52 Feb. 4 Sale 88 Sale 58% 87% Sale 89 Sale 84% Feb. 9 61 Sale 57 % Sale 62 Sale 56 95 .1047 (nternat T 5c T deb g 4 %• 1952 Conrertlble debenture 4%a.„-193' Deb gold 5s 102% 100% 100% 100% Feb. 4% 15% 1941 f 6s Intern Paper cony 5s series A 100 1955 94 90 1 4% Feb. Jan. 8 Jan. 8 Jan. 12 28 59% Feb. 38% Feb. Jan. 5 28 84 Jan. 28 70 Jan. 94% Jan. 83% Jan. 18 26 3 8 58% Feb. 25 88% Feb. 26 62% Feb. 25 Feb. 3 2% Feb. 15 3 Feb. 23 Feb. 28 72 Feb. 2 8 80% Jan. 87% Jan. 82 Jan. 94 Jan. 7 52 59% Jan. 14 90 Jant 14 63% Jan. 14 Feb. 84% Feb. 56 Feb. {Iowa Central Ry— 7,000 1951 ♦1st Ac ref 4s S M M Kanawha Ac Mich 1st gu g 4s.....1990 A 1 {♦♦K C Ft S 5c M ref g 4s ♦Ctfs of dep (Bankers Trust) 1936 A < Kan City South 1st g 3s.... 1950 3,000 26,000 5,000 Kansas Gas 5c El ist mtge ♦Karstadt A 4%a.„1980 w w stpd (par $645) .....1943 stpd (par $925) 1943 (par $92f)_...1943 Keith Corp (B F) 1st ser g 6s....1946 slooo < I I M v ! .1997 Purchase money 6s .... Kings Co Elerated 1st g 4s 2.000 ! M . Feb. 24 29% Feb. 10 27% Feb. 26 24% Jan. 4 23 Jan. 5 11 65% Jan. 64% Feb. 23 Feb. 21 3 106% Feb. 28 Feb. 31 3 104% Jan. 27 Feb. 3 "64% Sale 108 Sale 106% Feb. 104 37 18 104% 106% 37 47% Sale 47% 16% 55 4 1 70 Feb. 1 108% 104 Feb. 47% 41 Feb. 19% Feb. 24 24% Feb. 19 16 41 Feb. 16 27 23 30 25 20% Feb. 24 24% Feb. 19 25 85% 108% Sale 98% 21 85 82% 100 83% 90 Feb. 83 3 84% Feb. 21 96 98 104 41 Jan. 24 Feb. 16 17 12 Feb. 24 90 29% 27% 71% 64% 108% 106% 41 Feb. 10 Feb. 26 Jan. 13 23 Feb. Jan. 4 Feb. 28 Feb. 16 14% Jan. 23% Jan. 10 13 20% Feb. 24 24% Feb. 19 Jan. 17 27 82% Jan. 25 84% Feb. 17 21 3 108% Jan. 3 108% Jan. 107 - 98% ..... 55 5 78% Jan. 98% Jan. 27 17 23 27 82% A « 75 J J 101.666 115.000 Kresge Foundation coll trust 4s. 1945 J 1947 F 107% u 83% 108 104% I 98 N J A III" "97"" Jan. i 97% 101 100% 101 98% 99 85% 86% 71 99% 151% 151% 151% .1949 F 3J^s collateral trust notes 5 90 16 Sale 37 14% 91% Feb. 90 Jan, 3 95 .1954 1st 5t ref 6 %■ 69 28 16 24% Feb. 24% Feb. 65% Feb. 29% 27% Feb. 24 24 Sale ::::: .1954 Kings Co Lighting 1st ref 5s 28% 25% 61 15 Feb. 5 Feb. 90 2% Feb. 95% Feb. 91% Feb. 94% 106% 98 Kinney (G R) 5%s extended to.. 1941 J Koppers Co 4s series A...........1951 M 57.000 56 93% 61 78 Sale .1961 Plain... *6,006 65% Sale 61 23 1 M N 4% a unguaranteed............1961 Kings County Elec Lt 5c Pow— 2,000 70 28 22 2% 62 58% 108% 108% 105% 105% 1961 ............ Sale Sale 34 Sale 69% Kentucky Central 1st gu 4s.....1987 J Kentucky & Ind Term 1st 4%a„„1961:J Stamped....... 94 92% 27 w w ♦Ctfs Sale 91 ♦With warrants " 97 25 (R) Inc 1st Mtge 6s...194? ♦Ctfs P Apr 111950 I 1960 1 Ref Ac Imp 5s Kan City Term 1st 4s 73% 79 7,000 Tames Franklin 8c Clearf 1st 4s._195« 90,000 Jones 5c Laughlin St'l 1st M 4%a_1961 1,000 37,000 11,000 67,000 286,000 208,000 50,000 3 2% 2% 80 75 Feb. 153 15 155 Feb. 23 Feb. 19 Feb. 11 155 Feb. 78 Jan. 23 11 Feb. 100% Jan. 103% Jan. 6 17 100% Jan. 98% Jan. 86% Jan. Jan. 22 26 100% Jan. 4 92 Jan. 31 153 71 80 97% Sale 97% Feb. 19 97% 101 103% 99% 103% 101 Feb. 11 102 98 98 99% 99% 101% Sale 102% 102% 101% Feb. 21 102% 99 Sale 100 Sale 99 Feb. 1 100% 91% 92 91% Sale 90% Feb. 3 91% Feb. 26 Feb. Feb. Feb. Jan. 97% Feb. 101 5 103 14 {Kreuger 8c Toll class A 94.000 118.000 104.000 39,000 16,000 ♦5s Uniform ctfs of deposit....1959 M Coll 5c ref Col Ac 6)4* series C ref g 5H* ser S 28 28% 1939 ..... 85 1953 Laclede Gas Lt ref ext 5s 57 88 Sale 57% 49% 49% Sale 53% 62 .1960 D__ .194? Coll tr 6s series A .... .1942 Collateral trust 6s series B 31 30% 31% 87 88 85 5s 1937 extended at 174,000 40,000 5,000 1,000 2.000 95% 102 31 9175 Coal Ac NaT 4Hs ser A....1954 sink fund 4Hs ser C__._..1954 .1965 5c New Eng RR 4s A .1945 Ac N Y 1st gu g 4s .1944 Valley Coal 5s Cons Lehigh Lehigh 30% 73 66% 31 .1954 .1964 31 First Ac ref sinking hind 5s.....1974 22 15.000 Leh Vail Harbor Term 1st 5s.....1954 20,000 Leh V (N 410,000 196,000 55,000 1st Ac refunding 5s ♦Secured Gen .... cons 71% 6% gold notes.......1938 62 ...... 29% 31% 38% .3003 18,000 36,000 75,000 21,000 16",000 6,000 43,000 40.000 112,000 8.000 286.000 Gen consol 5s ..... .1965 Lex At East 1st gu 5s Liggett Ac Myers Tobacco 7s 1944 1951 5s A F Liquid Carbonic 4s conr debs... 1947 Little Miami gen 4s series A ....1962 Loew's Inc s f deb 3%a 1946 Lombard Klee 7s series A........1952 J 4s............1938 ...1949 Guar ref gold 4s............ ..1949 48 stamped ...1949 Lortllard (P) Co deb 7s 1944 Long Island gen g Unified gold 4s 83 94 Sale 29% 56% 40 Sale 35 82% Sale Sale 12 13 25 Feb. Feb. 16 58% Feb. 26 55 Feb. 60 Jan. 12 49 52 48 Feb. 10 52 Feb. 4 48 Feb. 53% Jan. 17 49 62 89 Feb. 16 89 Jan. 90% Jan. 95% Jan. 4 13 59 Feb. M N F A J C a < I 1: %A M Sale 64 i 100% 83% 85% 93 Jan. 27 102 29% Feb. 55% Feb. 55% Feb. 2 31% Feb. 26 58% Feb. 21 56% Feb. 28 29 Jan. 14 26 92 Feb. 66 Jan. 65 Sale 95% Jan. & Sale 27% 30 23 34% Feb. Feb. 26 92 41% 94 Feb. 40 Feb. 99% Feb. 28 7 40% Feb. 30 Feb. 27% Feb. 27% Feb. 16 27% Feb. 3100 Feb. 99 Feb. 99% Sale 58 Sale 50 57 55 46% 23% 25% 30% Sale 48 54 45 23 Sale Jan. 3 32% Jan. 10 7 17 12 1 55% Feb. 55% Feb. 14 71 65 Jan. Jan. 26 95 Jan. Sale Sale 29 76 10 Jan. 100 Jan. 11 21 62 Jan. 3 45 Feb. 3 8 32 Feb. 14 29 7 115 Feb. 28 ll3%"Feb'.""7 130% Feb. 19 Jan. 129% Jan. 18 131 3 126 Jan. 122% Feb. 104% Jan. 26 106% Jan. 4 58 Feb. 50% Feb. 23 7 W* 32 Jan. Feb. Jan. Jan. 3 40 21% Jan. 23 12 40 55 Feb. 25% 31 5 Jan. 39% Jan. 1 4 Sale 16 99% Feb. 28 45 31% Jan. 27% Feb. 27% Feb. 50% Feb. 23 25% Feb. 25 26% Feb. 25 23 Sale 28 Jan. Feb. Feb. Feb, 22% Feb. 23% Feb. Jan. 12 70% 74% 115 1 14 92 13 44% Sale 30 115 Sale 113% Feb. 129% Sale 129% Feb. 122% Feb. 104% Feb. 124 Sale 123 Sale 105% Sale 105% Sale 98% 61% Sale 124 Feb. 1 106 Feb. 2 118 Jan"~4 5 19 11 108% Sale 62% Sale 100% Feb. 85 Feb. 91% 86 Feb. 89 86 88% 86 Feb. 88% 86% Sale Feb. Sale 128% 129% 127 Sale 115% Feb. 116% 118 68% Feb. Sale 77% Sale 100%, 85 86 84 129 127" 1951 F Louisiana Ac Ark 1st 5s aeries A..1969 I A 120 122 120 i 72 86% 68% Sale 98% Feb. 61 Feb. 16 99% Feb.\\ 1 "91% 96% Jan. 3 Feb. 23 100%, Feb. 61 Feb. 7 75 63 73 75 100% S:*le 97% Feb. 24 99% 30 127 - 1 95 40 "86"" 87 56% Sale -QQ" 101 • 59 Sale 129% 130 104% 106 107% y?* 96% Sale 16 Feb. Sale 94 112 % 124 D Feb. 94 93% 97% 40 Sale 22 89 Sale 89 ... 91% 59% A 30. Sale 56 «» 25 Feb. Sale A For footnotes, see page 31% Jan. 56 95 95% M 5s 6 55 62 130% 132 .2003 Long Dock Co 3 %a ext to.......1950 142,666 Jan. Jan. 60 58 Sale Sale 84% 117% 124 .3003 4%a Leh Vail Ter Ry 1st gu g 5s......1941 20", 000 62% Sale .1944 Y) 1st gu g 4%a Leh Val (Pa) gen con g 4s 28 Sale 58% 52 80 95 94 1,000 12,000 4,000 99% Sale 65 .......... 1st Ac refunding 5s 95 29% 70% ♦1st mtge income reg—Dec Lehigh 59,000 91 1941 Lake Shore 8c Mich Sou g 3H*-..1997 Lautaro Nitrate Co Ltd— Lehigh 3 87% Feb. 24 90% Jan. 61% Jan. . ' 1947 3% to 2d gold 5s 96". 600 30% Feb. 85 56 Sale Lake Erie 8c Western RR— 1.000 16 Feb. 19 1 Sale 56 Fen. 30 86 30% Jan. 12 10 100% Jan. 85 Feb. 14 87 Feb. 85 Feb. 23 86 Jan. 87% Feb. 25 128% Feb. 21 85 Jan. 127 Jan. 120 Feb. 1 79% Feb 26 115% Feb. 60% Jan. 99% Jan. 63% Jan. 19 18 Jan. 4 90 17 12 12 §§^ Jan. 12 6 88 24 128% Feb. 21 4 122% Jan. 17 26 79% Feb. 26 28 100% Jan. 14 Jan. 86 4 Jan. 26 N. Y. STOCK EXCHANGE-BONDS Sales in Value Price BONDS February N. Y. PRICES IN FEBRUARY RANGE SINCE JAN. 1 Jan. 3 STOCK EXCHANGE 1938 Feb. 1 $ Bid Ask 67.000 Louisville Gas & Elec 3%s 1966 M S H03H Sale 43,000 Lou & Jeff Bridge gu g 4s......1945 M S 106 % 109% Bid Ask Bid 103 Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Feb. 28 Sale Feb. 26 Sale 102% Feb. 2 104 Feb. 23 106% Feb. 106% 105 3 104 105% Sale Ask 106 102% Feb. 2 104 105 Feb. 23 107 \ Feb. 26 Jan. 10 Jan. 3 5 Louisville & Nashville RR— 655,000 45,000 82,000 15,000 80,000 ~3~666 Unified gold 4s 1st Ac ref 5s series B 1st Ac ref 4%a uerles C 1st & ref 4s ser D 1940 105 2003 100 H 2003 ...2003 93 87 % 77 % Paducah Ac Mem Dlv 4s 1946 1980 2003 1st Ac ref 3%s series E 3.000 Mob Ac Montg 1st g 4%a .....1945 14,000 Soutb Ry Joint Monon 4s.....1952 24,000 Atl Knox Ac Gin dlv g 4s 1955 9.000 Lower Austrian Hydro-Elec 6 %j- 1944 ♦{♦Manatt Sugar 1st s MN F X" I12"" J 0 Sale Sale 84 % 92% 111 89 55 40 40 99 % Sale 91** 57 48 42% ♦Mex Internet 1st 4s asstd. Jack L Ac S gold 1st gold 3 3%a Sale 102% 6 2 1951 M 2% 20 87 1940 A O B1961 J D 100% ..1971 J {♦♦Mil At Nor 1st ext 4%s (1880)..1934 J 1st ext 4%s 1939 J D 60 D J Con ext 4%a_ 1939 1947 MS J {♦Mllw Ac State Line 1st guar 3%al941 I {♦Minn Ac St Louis 5s ctfs 1934 MN — 15,000 {♦Mil Spar At N W 1st gu 4s ♦1st Ac refund gold 4s ♦Ref Ac ext series 5s A.. 1949 M cons 5s ♦1st cons st Chic Term M s Cent Ac 25 45 90 81 107% 80 Jan. 6 Jan. 11 Jan. 12 Feb. 17 3 11 Jan. Jan. Jan. 6 Feb. 17 18 101% Feb. 28 29 25 100% Feb. 26 91% Jan. 13 17 Jan. Jan. Feb. Jan. 19 6 41 24 17 22% Jan. 3 41% Feb. 10 32% Jan. 13 31% Jan. 13 Jan. Jan. 6 85 Jan. 70 24 70 Jan. 6 24 76 Jan. 11 90 Feb. 16 84 Jan. 3 Feb. 72 J8» 90 88 90 85 80 70 80 55 Jan. 45 Jan. 4 6 99 "99" 25 85 45 5 4 2 41 % Feb. 32 Feb. 31 Feb. 10 5 4 25 "67"" 87 90 Sale Feb. 89% Feb. 96% Feb. 81 3 90 2 97 8 100 Feb. 16 Feb. 10 Feb. 28 96% Feb. 107% Jan. 101% Jan. 5% Jan. 15 100 100 100 >ft 102 % J an. 23% 16% Sale Sale 77 99 95 99 100 77 IVi Sale 19% Sale 97 8 100 Feb. 10 Feb. 28 5 108% Jan. 12 103% Feb. 21 14 8 6% Feb. 18 100 95 25 55 A* "13"" Sale 1938 100 Feb. 99% Feb. 3 25 17% Feb. 101% Feb. 17 101 Feb. 9 8 1 60 "ill 6% Sale 3 2% 8 15% Feb. Jan. 8 101 Jan. 10 103 Jan. 20 89% Jan. 87% Jan. 3 19% Jan. 15% Feb. Jan. 100 Feb. 25 102 3 101% Jan. 99 Jan. 10 13 4 12 11 19 51 it* 5% S 99% Jan. 97% Jan. 84% Jan. 28 3% S 21 27 1949 1978 & 25 26 Sale 30 1946 P 4 101% Feb. 3 100% Feb. 86 Feb. 55 Feb. Feb. 11 Feb. 16 28 28% ♦1st Ac ref 6s series A...... 8t 107% Feb. 16 z98% Feb. 17 Feb. 78 30 29 ♦15-year g 5 Hs.. ♦1st ref 5 Ha aeries B {H 4 29 Jan. 93% Feb. 28 111% Feb. 10 112 1 80 74% Feb. 106% Jan. 28 111% 98 Jan. 12 98% Sale 5s gtd as to Int..... .1938 ... 17 17 Feb. Feb. ...1962 ♦1st Feb. 41 163,000 {♦M St P Ac S S M 4s stpd guar...1938 37.000 83,000 19,000 18,000 67,000 1 20 40% 40% 15% ser Feb. Feb. 102% 85% 8* 4^1 series C 26 105 8 102 28 70 44 16 103 J 8,000 {♦Midland of N J 1st ext As 197,000 Mllw EIRy Ac Lt 1st At ref 5s 117,000 1st mtge gold 5s Feb. Jan. 100 89 1979 J Ref Ac Imp Feb. 85% Feb. 83 75 40 40 85 89% 97% 100 96% S ..—1952 MN 106% 111 78 Feb. 2 108% Feb. 23 108% Sale 108% Sale 108 8 102% 104 102% 104 102% Feb. 25 103% Feb. 6 6% 6 Feb. 3 6% 6% 6% Feb. 18 2% 5% 2% 2% 2% 108 101 l8 80 111% Feb. 10 "72~" 8 ♦4s (Sept 1914 coupon on) 1977 M S ♦Mlag Mill Mach 1st s f g 7s 1956 J D Michigan Central-Detroit At Bay J City Air Line 4s ...1940 J 82 76% Sale 98% 0 1977 M S 12% 25 5% 23 Feb. 23 Feb. 95 43 70 30 38 IS* 70 A Feb. Feb. 90 80 98 78 100% 100% 101% 100 98 98% Sale 100% Sale 85% 86 84% 54 60 49 55 52% 70 75,000 Metropolitan Edison 4^« ser D..1968 M 32,000 Met Water, Sewer Ac Drain 5% a—1950 A 6,000 ♦{♦Met West Side Elev (Chic) 4s.l938 F Sale 78 77 100 85 66H 87 80 101% Jan. 105% Jan. --K-- 72 84 % Feb. 93 99 22,000 Marlon Steam Shovel s f g 6s 1947 A C 44,000 Market Street Ry 1st 7s Apr 1940 Q J 47,000 Mead Corp 6s with warrants 1945 MN Feb. Feb. Feb. Feb. Feb. 72 J 83 77 111% 74% 106% 98% 1959 M N 1st ext 4s Feb. 85% Feb. 85 111% 74% Sale 105% 113 28% 25% {♦Man G B At NW 1st gu 3%a. —1941 1 80% 98 99 99 95 90 87 1 103% Feb. 97% Feb. 24 93% Feb. 28 102% Feb. 107 1939 M N Manila El Ry Ac Lt 1st 5s Manila RR South Lines 1st 4s 15.000 16,000 90 77 25 233 22 % Sale 12% 2013 J D 1953 M S ♦2d 4s ~2~, 006 83 ill A 1942 A O f7H> vCertificates of deposit....... 115,000 {♦Manhattan Ry (N Y) con g 4S..1990 33,000 ♦Certificates of deposit 90 80% 96 M S J 43,000 McCrory Stores Corp s f deb 5s__1951 M N 136,000 McKesson A Robblns deb 5%a 1950 M N 21,000 Maine Central RR 4s series A 1945 J D 5.000 Gen mtge 4%a series A 1960 J D ~8~666 Sale Sale 103% Sale 103 97% 97% Sale 85% Sale 93% Sale 107 H St Louie Dlv 2d gold 3s Sale 67 8 13% Sale 4% 71% 60 1 "26"""Feb."23 Feb. 28 Feb. 10 4 Feb. 3 Feb. 4 Feb. 2 Feb. 4% Feb. 15 15 3% Feb. 6% Feb. 28 2% Feb. 3 3% Feb. 4 L4 Feb. 16 8% Feb. 17 14% Feb. 18 17% Feb. 6% 2% 3% 9% 6% 10 62 Feb. 28 1 Feb. 26 Feb. Feb. 7 60 20 Jan. 15% Jan. 5% Jan. 2% Jan. 21 Jan. 31 3 3 Jan. 4 Feb. 23 6% Feb. 28 Jan. 11 3 3% Feb. 4 Feb. 16 8% Jan. 5 14 6 —Jan. 6 9% Jan. 3% Jan. 3% Feb. 12 6 15 8% Feb. 17 14% Feb. 18 5% Jan. 4 5% Jan. 3 60% Jan. 10 67 Feb. 26 Term 1941 MN f 4s 66,000 {♦Mlssoori-Illlnols RR 6s 139,000 Mo Kan At Tex 1st g 4s A...1959 J J 1990 J D Prior lien 5s series A...... 1962 J J 40-year 4s series B 1962 J J 40 Pr Hen mtge 4Ha ser D 1978 J J 38% 1967 A O 77,000 13,000 231,000 517,000 79,000 236,000 29,000 ♦1st Ac refund 5s series A.....1965 F S 314,000 219,000 5,000 339,000 28,000 ♦Convertible gold 5 Ha ♦1st ref gold 5s series H ♦Certificates of deposit ser 34 67 47 68% Sale Sale 28 Feb. 3 63 54% Feb. 3 Sale 48 Sale Sale 42 40% 39% 21% 42% 45% Sale 40% Feb. 34% Feb. 4 24 Sale 29% Sale 56% Sale 28% Feb. 3 Jan. 27 30% Feb. 23 65% Feb. 17 28 48% Feb. 24 42% Feb. 24 37% Jan. 53 34% Jan. 8 67 4 Jan. Mlssour-Kansas-Tszas RR— 245,000 101,000 14,000 153,000 ♦Cum adjust 5s series A Jan 45% Sale 23 Sale 49 Sale 41 35 37 19% Sale 3 2 3 45 22 Feb. 26 Feb. 23 Feb. 7 25% Feb. Feb. 26 23 7% Feb. 23 40 19 Feb. Feb. 21 31 Jan. Jan. 25 25 48% Feb. 24 42% Feb. 24 25 45 18 % J an. 26 23% Jan. 12 19% Jan. 19 Feb. 26 Jan. 26 & 23 Feb. 26 6% Jan. 19% Jan. 8 4 35 Feb. 26 {♦Missouri Pacific RR Co— ♦Certificates of deposit ......1975 MS ♦General 4s ♦Certificates of deposit.... ♦ 1978 MN 1st Ac ref g 5s ser G... ♦Certificates of deposit ♦1st At ret 5s ser 7% Sale 19 Sale 6 % Sale Sale 24 Sale 22 19% Sale 22% Sale 17% 18% Sale 18 5% A 19% 1980 A Sale Sale Sale 5 22% Sale 18 1981 UN I July 193S {♦Mobile Ac Ohio gen gold 4s ♦Montgomery Dlv 1st g 5s 20% 19 ... j xv38 M S 1947 F A 72,000 11,000 ♦Refunding At Improv't 4Ha —1977 M ♦Sec 5% notes ....1938 M 18,666 1991 M S Monongahela Ry 1st M 4s ser A..1960 M N S S Mohawk Ar Mai 1st gu g 4s 21% Sale" 21 Sale 18% 68% 75 17% Sale 12% 16% 12% 17 ..... 107 22% 23% Sale 22% 5% 6 --- 24 Sale 22% 88 j 18% Feb. 22% Sale 6% 26% Sale 1949 MO ♦Certificates of deposit Mo Pac 3d 7s ext at 4% 18 22% Sale 18 1977 M N ♦1st At ref 6s series F 20% Sale 78 Sale ..... 24 Sale 22% Sale 88 68% 75 4 6% Feb. 20 Feb. 3 18% Feb. 4 Feb. 3 20 9 20% Feb. 4 4% Feb. 4 20% Feb. 23 Feb. 26 4 20% Feb. 9 20% Feb. 1st mtge 4 Ha 68 debentures 1960 92 1965 Montana Power 1st Ac ref 3%a 90 100 1966 Mont Tram 1st Ac ref 5s series A. .1941 General At refunding 5s A.—.1955 Gen At ref 5s series B ...1955 Gen At ref s f 4Hs ser C —..1955 Gen Ac ref s f 5s ser 79 2000 1955 MN 1955 MN 1947 MN 1941 MN Mutual Union Tel 5s Nashville Chat Ac St L 1st 4s A..1978 F Nassau Elec guar gold 4s stpd 1951 J Sale 100% 77% 82% 75% 71% Sale 60 Sale 49% Sale A J National Acme 4 Ha extended 1946 J D National Dairy Prod deb 3%a w w *51 M N Nat Distillers Products deb 4Ha-1945 M N 16 19% 13 16,000 e 8,000 35,666 14 14 Sale 14% 70 13 58 102 104 104 14""Feb. 26 13% Feb. 23 Feb. 3 104% Feb. 21 102% 102% Sale 101% Feb. 92 94 90 92% 92 Feb. 91 Sale 91 Sale 90% Feb. 100% Sale 100% Sale 100% Feb. 78 73% Sale 73 Feb. 79 73% 79 102% Feb. 25 92 Feb. 7 113% 114% 65% 71% 22% 24 97% 100% 99% Sale 105 Sale 73% 61 57 51 297,000 "2",000 113% 114 Sale 63 65 56 14% 62 107 "ll% Feb. 102 66% Sale 22% Sale 63% 67 24% Sale 97 100 97 Sale 99 103 Sale "2".66O 4 ifjJ* 1% 91% Feb. 101 2 Feb. 23 73% Feb. 1 100 100% Sale 104% Sale Feb. Feb. Feb. Feb. 1 66% Feb. 26 1 58 17 Feb. 5 53% Feb. 3 4 19 113% Feb. 1 67 63 Feb. 1 28 22% Feb. 96% Feb. 15 97% 8 100% 98% Feb. 1 105% 103 Feb. 4 17 Feb. 4 Feb. 28 Feb. 26 Feb. Feb. J warr Ac rets No 4 on... 1926 J ♦4s April 1914 coupon on ...1951 A O ♦4s April 1914 coupon off 1951 A O ♦Assent warr At rets No 4 on. 1951 Nat Steel 1st coll mtge s f 4s.....1965 j'iS {♦Naugatuck RR 1st g 4s D 2% 1% 1% 1% For footnotes, see page 30. 1945 J J J 2% —— 2% 107 Sale 117 20 119% 1954 M N Newark Con so) Gas 5s... ♦Cons guar 4s.. 5 Jan. 10 25% Feb. 25 23 Feb. 26 26 18 Jan. 25 19% 18% 4% 19% Jan. Jan. Feb. Jan. 4 25% Feb. 3 23 Feb. 23 Feb. 26 19% Jan. 18% Jan. 4 26 6% Jan. 11 25% Feb. 26 23 Feb. 4 25% Feb. 26 26 3 23 Feb. 26 21% Jan. 14% Jan. 14% Jan. 12 11 8 3 Jan. Jan. 27 29 11% Jan. 26 17 11 102 Jan. 22 107% Jan. 101% Feb. 14 104 90 Jan. 5 94% 88% Jan. 7 92% 99% Jan. 12 101 73% Jan. 31 73% Jan. 5 20 Jan. Jan. 18 15 Feb. 23 Feb. 1 80 25% 56% Jan. 54% Jan. 27 27 48 Jan. 24 Jan. 29 113 61 71% Jan. 62 3 Jan. 19 55% Jan. Feb. 19 113% Jan. 15 19 68 Jan. 5 Feb. 17 22% Jan. 5 28 96% Feb. 15 97% Feb. 4 101 Jan. 19 98% Feb. 8 103 Jan. 24 106 Jan. 6 13 4 1% 2% 1% 2% 2% Sale 2% Sale 2 2% 2% 3 Sale 2% 2% 3 Sale 1% Feb. 18 2% Feb. 23 2% Feb. 28 2% Feb. 23 1% Feb. 18 2% Feb. 23 10 2% Feb. 28 1% Feb. 1% Feb. 23 1% Feb. 15 3% Feb. 28 1% Feb. 15 1% Feb. 23 15 1% Feb 1% Feb. 4% a— ♦Assent "2% 61 56 51% Sale 50 112% 114% 113 1% 1% J ... 1948 J {♦New England RR cons 5s guarl945 J 18 80 86 Sale Sale Sale J ... 38",000 26 11% Feb. J ♦Assent warr Ac rets No 4 on. 1957 ♦4s AprU 1914 coupon on ..1977 AO ♦4s April 1914 coupon off ...1977 A O ♦Assent warr Ac rets No 5 on. 1977 Nat RR of Mex prior Hen 102,000 1,000 Feb. 14 11 11 National Rys of Mexico— ♦4%s Jan 1914 coupon on. ..1957 J ♦4%s July 1914 coupon on ..1957 J ♦4Hs July 1914 coupon off —1957 J 23 Feb. —... 1955 D 95,000 Morris Ac Essex 1st gu 3 H» 38,000 Constr M 5s ser A 98,000 Constr M 4Ha ser B 6,000 Mutual Fuel Gas 1st gu 5s 17,000 19,000 4,000 510,000 209,000 102% Sale 25 Feb. 26 23 25% Feb. 26 Feb. 26 23 Feb. 26 6 25% Feb. 26 Feb. 26 23 25% Feb. 26 25% 88 74% Monongahela West Penn Pub Serv— 133,000 11,000 160,000 34,000 10,000 3 26 1% 1% 1% 1% 104% Sale 80 65 116 I. 1% 1% 2% 107 30 Sale 107 116% Feb. 39% "25" ""Feb". Sale "47% 33 29% "49% "25% 23 2% Feb. 28 0x8 3% Feb. 28 1% Feb. 15 16 1% Feb. 104% Jan. 2% Feb. 28 31 107% Jan. 5 116% Feb. 116% Feb. 116% Feb. 3 29% Feb. "25" "Feb". "29% Feb". 23 Feb. 19 68 119% 52 2% Feb. 28 1% Feb. 104% Feb. 10 Feb. 28 Feb. March, 1938] Sales in BONDS February ' Value N. Y. STOCK 12,000 43.000 45,660 24,000 8,000 147,000 60,000 40,000 19,000 8,000 3,000 1,000 19,000 30,000 7,000 1,000 N«w England T Ac T W-yr A 1952 J D lat a 4 34* series B .......1961 UN N J Junction RR gu lat 4a......1986 F A N J Pow & Light lat 4)4*.. 1969 Ask 12234 12354 121 Sale 107 10734 57 N O Ac N'eastern ref 4 34* series 45 97 A.1952 New Orleans T S lat Ac ref 5a A...1952 A O 1st & ref 5s series B...........1955 J D guar...l953 1935 .............1954 ♦Certificates of deposit......... ♦1st mtge gold 5a aeries G.....1956 F A ♦1st 4Hs series D... —.1956 F A ♦First 51{s series A...........1954 A O ♦Certificates of deposit....... Npt Ik Cln B pen gu g 4Ha .....1945 J J — 40 — — — 76 — 51 34 33 "3134 36 54 3434 "3134 49 33 45 78 10634 95 Sale Lowest Highest Sale Prices 1 Sale Prices Sale Prices Highest 3734 4234 Sale 90 63 30 92 35 3234 Sale 42 "it* ii* 65 34 36 38 3734 & 36 36 Feb. 1124 107)4 Feb. 2 41* Feb. Feb. 1 9 8854 Feb. 8934 Feb. 5754 Feb. 92 Feb. 26 29 Feb. 35 Feb. Feb. Feb. 31 36 32 35 40 31 35 Feb. Feb. II* 32 Feb. 25 Jan. 31 10634 Feb. 15 108 6 60 Jan. 6434 Jan. 27 40 Feb. 7 8854 Feb. 7 8934 Jan. 31 50 26 24 52 Jan. 28 Jan. 24 7 18 15 30 31 Jan. 28 76 31 36 Feb. 15 32 14 3434 Jan. 2834 Jan. 32 Feb. 17 3534 Feb. 21 11034 Feb. 17 32 11034 Jan. Feb. Feb. Feb. 14 8 4 5 24 18 15 17 25 17 21 Jan. k.8 Jan. 3 Jan. 9834 Jan. 37 Feb. Feb. Feb. Feb. Feb. Feb. 12234 Jan. 31 12434 Jan. 27 12034 Jan. 8 12234 Feb. 10 3354 Feb. 25 3134 Feb. 3334 Feb. 11034 Feb. 11034 Feb. 25 4 12234 Feb. 10 10634 Feb. 60 60 92 116"" 11034 Highest 121 Sale 34 3034 3334 Sale 4034 3534 Sale 1 12334 12534 12334 Feb. 55 42 3054 108 Sale 45 Sale Ask 30 91 91 60 Sale 9634 Sale — Ask Bid 1.2334 Sale 12034 107"" Lowest Feb. 28 "95"" 65 52 {♦♦N O Tex & Mex Income 5s ♦First 5s series B Bid 95 New Orleans Great Nor 5s aer A.. 1983 New Orleans Term 1st 4s Feb. 1 1938 Bid % RANGE SINCE JAN. 1 PRICES IN FEBRUARY Price Jan. 3 I? ■5* H. Y. STOCK EZCHANQS 27 EXCHANGE—BONDS 13 27 37 31 Feb. 17 3534 Feb. 17 11134 Jan. Jan. Jan. Feb. Feb. Feb. New York Central RR— 193,000 159,000 271,000 398,000 210,000 133,000 36,000 338,000 66,000 15.000 Consol 4s series A........... .1998 FA 82 10-year 354* secured a f...... .1946 AO Ref At Inapt 4 Ha series A..... .2913 A O 91 VH Sale 6454 7334 8234 Sale Sale Feb. 1 Sale 7234 Feb. 3 8734 Sale 8934 Sale 5434 Sale 8934 Sale 9134' Sale 8734 Feb. Sale 53 77 7634 Sale 7334 75 76 Sale Sale 74 .1997 J Debenture 4s of 1912...........1942 J 9334 9434 9534 9634 6434 Sale 8134 8554 75 8554 A......,2913 A O Lake Shore coll g 3 Hs........ 1998 F A 1998 F A Mich Cent coil g 314s. Ref A impt. 4)4* aeries ..—.. 58 Sale 75 60 88 3 1 Feb. 7 Feb. 4 Feb. 26 7634 Feb. 15 71 85 62 Febk 23 65 71 83 ... Sale 82 74 O NTCftHRg mtge 3)4* 58 4 5334 Feb. .1952 MN .2913 A — I4* IfH Sale Sale 7134 Feb. Sale Sale 55 60 Ret 8c Inapt 5s series C Con? secured 334a 7434 3434 82 Feb. 2 82 Feb. 18 51 Jan. 25 Feb. 23 Jan. 28 6734 Feb. 23 7734 Feb. 24 58 Jan. 28 9134 Jan. 5 6554 Jan. 11 73 Jan. 11 71 Jan. 28 84 Jan. 9454 9834 6534 8254 Jan. 13 Jan. 13 Jan. 11 Jan. 17 84 Jan. 11 Jan. 3 3 9134 Feb. 11 9134 Feb. 28 6134 Feb. 18 8534 Jan. 28 88 Feb. 7 5134 Jan. 28 10 Feb. 10 Feb. 10 60 52 Feb. 15 50 Feb. 25 6434 Feb. 15 79 Feb. 28 43 Jan. 19 74 62 57 Jan. 24 77 Jan. 7734 Feb. 19 90 Jan. 3 3 8754 Feb. 16 73H.Feb. 10 79 74 83 9534 Jan. 6 Feb. 26 7334 Feb. 10 76 New York Chicago & St Louis— 251,000 415,000 113,000 Refunding 6)4* aeries A...... 1974 A O Refunding 4)4* series G...... 1978 M S 3-year 6s.._..........._.Octl 1938 A O 1946 F A 4s collateral trust 29.000 1947 A O 1st mtge 334* extended to 59,000 176,000 N Y Connecting 1st gu 4)4* A... 1953 1st gtd 5s series B.._......... 1953 7,000 11,000 N Y Dock 1st gold 4a.............1951 .1938 Serial 5s g notes.... 156,000 Certificates of deposit. 38,000 ll965 A O 114,000 N Y Edison 334a series D .1966 A O 1st lien & ref 334* series £..._. 64,000 ........ ...... ..... 74 62 Sale 77 Sale 90 Sale 10754 10834 10934 4834 Sale 46 4734 104 10534 II* 90 Sale Sale Feb. Sale 45 58 Feb. Feb. 5634 47 5834 79 Sale 85 7834 "8334 52 6034 Sale Sale 4634 Sale Sale 60 53 Sale Sale Sale 10634 10634 Sale 49 52 103 103 49 Sale Sale 4654 59 47 5634 10334 10434 10334 Sale 10334 123 12334 60 Sale 122 H 43 . m 7734 Feb. 85 104 Feb. Feb. 10634 Feb. 10534 Feb. 4634 Feb. 44 15 10634 Feb. 28 55 Feb. Feb. 26 6234 Feb. 28 5834 Feb. 28 Sale 4334 Feb. Sale 10334 Feb. 10434 10334 Feb. 10434 Feb. 25 Jan. Jan. Jan. 22 26 Jan. Jan. 7 27 108 4 1 10934 Jan. Feb. 26 55 3 4 44 Feb. 6234 Feb. 28 9 5834 Feb. 28 4334 Feb. 10254 Jan. 29 10454 Jan. 19 104 10534 Feb. 4634 Feb. 10434 Feb. 24 103 Jan. 3 10434 Feb. 24 12434 Feb. 28 11434 Feb. 28 122 Jan. 28 12434 Feb. 28 N Y 8c Erie—See Erie RR. 43,000 45,000 .1948 J D M Y Gas El Lt Ht k Pow 5a. .1949 F A Purchase money coll tr g 4a... ♦N Y & Greenwood Lake 5s 15,000 N Y 6,000 N Y .... .1946 MN .2999 M N 8c Harlem g 3Ha Lack 8c Western 4a ser A... .1973 MN 11354 11454 84 ... 10234 .. — — — — 102 65 93 U 100 ..... M S {♦N Y & N Eng (Boat Term) 4s.. .1939 A O Non-con* debenture 4a..... .1947 M "99"" 166)4 8 9234 ..... ..... 95 9734 Feb. 11354 Feb. 11334 Jan. 4 11454 Jan. 17 40 102 75 90 101 64 Feb. 16 102 70 Feb. 24 Feb. 16 Feb. 25 101 64 93 Feb. 16 103 80 Feb. 24 93 Jan. 22 Jan. 26 Jan. 5 Jan. 22 7934 9734 99 99 100 123 83 85 85 J N Y A Long Branch gen 4a.... .1941 5834 22 10234 100 85 Guar 4H* series B........... .1973 N N .1942 M N N Y L E A W Goal A RR *34* ♦Dock A Impt lat 5s......... .1943 J - 12334 12334 Sale 11434 Sale 11434 Sale {♦N Y New Haven A Hartford- 9,000 6,000 19,000 25,000 41,000 25,000 151,000 29,000 38,000 144,000 12,000 106,000 24,000 ♦ 15 .... ♦General 4s. 1634 22 33 934 .... ........ .1955 J 22 9,000 17,000 52,000 102,000 86,000 "834 534 D N Y A Queens El Lt A Pr 334*- .1965 MN New York Railways Corp— J J Prior lien 6s stamped....... .1958 J M Y Ac Rlcb Gas 1st 6s A........ .1951 M h New York Steam 1st is ser A... .1947 M N 1st mortgage 5s.............. .1951 MN 1st mortgage 5s.............. .1956 MN 81,000 {♦♦N Y Susq A West 1st ref g 5s..1937 J J ♦♦Second gold 4Hs............1937 P A 9,000 ♦General gold 5s..............1949 F A 11,000 ♦Terminal 1st gold 6s. .........1943 M N 39,000 .1939 MN 122,000 N Y Tel 1st A gem f4Ks Ref mtge 334s series B.........1967 J J 139,000 12,666 N Y Trap Rock 1st s f g 6a........1946 J 6s stamped....................1946 39~,666 1941 MN ♦{♦Norfolk A South 1st g 5s Norfolk A West Rv 1st con g 4s—.1996 A O 155,000 North American Co deb 5s.——.1961 12,000 78,000 92,000 F North Am Edison deb 5s ser A... 1957 M Deb 5)4s ser B Deb 5s series C-... Aug 15 1963 F A 8 A ..Nov 15 1969 MN North Cent gen A ref 5a ser A... 1974 M Gen A ref 434s series A....... 1974 M 8 e Feb. 33 834 Feb. 7 2134 Sale 21 "934 77 Sale 7534 Feb. 16 4 834 Feb. 3 634 Feb. 17 1234 P Sale 29 Sale 106 Sale 92 54 Sale 90 96 H 106 107 106 634 634 105 54 16 Sale Sale 16)4 10 34 47 34 34 106 54 Sale 104 54 105 H "A% 43 4H Sale 734 10834 Sale Sale 123k Sale 634 1034 7 40 41 10634 Sale 10434 Sale 9834 Sale ,1234 Sale - 934 12 734 10 4034 Sale 106 Sale 10534 Sale 106 98 Feb. Feb. 70 10034 102 10034 104 10234 10334 10434 Sale 9934 Sale 9934 100 11934 125 11534 119 13* 48* II* 11 115 Sale Sale 125 118 21 Jan. Jan.' 161 Feb. 16 20 Jan. 10 6 Jan. 4 29 Feb. 23 7 Feb. 4 Jan. Feb. 16 4 Feb. 35 12 23 79 8 834 2034 7534 854 SS Jan. 2334 Jan. Jan. Jan. Jan. Feb. 13 11 14 17 8 13 12 11 14 12 7 17 18 Feb. Feb. 7 14 Feb. 18 6 Jan. 4 10854 Feb. 26 1 106 Jan. 28 10854 F~eb". 26 3 Jan. Feb. 18 9954 Feb. 26 1 Feb. 11 10 634 4034 10534 10434 1354 Feb. 10 1034 Feb. 11 8 Feb. 17 7 Feb. Feb. 2 Feb. 23 42 2 Feb. 18 10634 Feb. 1 10534 Feb. 17 Feb. ~64~~~Feb". "l ,J*4 103 10834 9334 Sale Jan. i034 Jan. Feb. 9454 Jan. 4 Feb. 8 10654 Jan. Feb. 4 10634 Jan. 21 7 8 106 10 Feb. 934 Jan. 28 10 Feb. 11 6 Jan. 28 Jan. 16 Jan., "3 1134 Jan. 19 834 Jan. 12 43 Jan. 17 107 Jan. 7 4034 Jan. 31 10534 Feb. 18 7 10554 Jan. 22 10454 Jan. 80 67 IJfg Sale Jan. P 8 3 534 534 554 454 Feb. 10534 10534 106 10454 Feb. 103 103 H 100 Sale 1934 Jan. 1534 Jan. 27 1634 Feb. 23 79 10 1054 Feb. Sale 106 54 Sale 107 H Sale Sale 95 Sale 98 10 a1^ 10 Sale 47 70 1193^ Sale Sale 102 Sale 4 2 1634 Feb. 1534 Jan. 20 "63" "64"" Sale 2 1ft Feb. 28 Feb. Feb. Feb. 4 Feb. 23 Feb. 3 Feb. 2 Feb. 2 17 1 2234 Feb. Feb. 33 1 W* Feb. 25 2 2234 Feb. If* 9934 Feb. 26 9254 2 77 8834 70 7434 Feb. 18 8354 Feb. 7434 8 10634 Feb. 16 104 104 Feb. Sale 10534 107 4 10534 Feb. 16 10434 10434 Sale 10434 Feb. 10434 Sale 8 10534 Feb. 16 104 Feb. 104 10434 Sale 10534 104 98 80 106 80 79 69 Sale 25 9 10 Sale Sale II* 20 1634 1834 9434 68" ..... 29 1934 25 "65"" 69 D 135,000 {•♦N Y Westches A Bos 1st 4)4*..1946 i"~J 85,000 Niagara Falls Power 334*---.----.1966 M S 16,000 vlag Lock * Ont Pow 1st 5s A....1955 A O 95,000 Niagara Share (Mo) deb 534s.-.-.1959 MN 78,000 Nord Ryaextls f 634s...........1959 A O 87,000 ♦{♦Norfolk South 1st A rei 5s A..1961 FA ♦Certificates of deposit 68,000 Sale 17 Feb. Feb. Feb. Feb. Feb. 10 Feb. 10 Sale 1634 1634 1634 1634 1634 1634 2034 82 {♦N Y Pro? A Boston gen 4s... .1942 A O N Y A Putnam 1st con guar 4s. .1993 k O 22,000 II* .... .1957 MN ♦1st A ref 434* ser of 1927.... .1967 J D ♦ -farlem RAP? Ghes >st 4s.. .1954 M N .1992 M S t*N Y Oat A West 1st g 4s ♦Debenture 4s 18 18 W* .1966 MN ♦Convertible debenture 3H*- .1956 J J ♦Convertible debenture 6a... .1948 f J ♦Collateral trust 6s.......... .1949 A O ♦Non-con? debenture 4s. 1234 1634 1634 ♦Non-conv debenture 334s... .1947 A O ♦ Non-con v debenture 3)4*--- .1954 A O ♦Non-con? debenture 4s..... .1955 J J 1934 67" "Feb" 23 8 104 *4 Jan. 10754 Feb. 28 10834 Feb. 14 4 94 Feb. 24 9234 Sale 9134 Feb. 4 9 98 Feb. 9734 Sale z9634 Feb. 12 Feb. 4 1434 1634 1634 Feb. 23 15 Sale 4 934 Feb. 1534 Feb. 17 53 70 115 10754 9134 9634 1034 Feb. Feb. 10034 Feb. 103 Feb. 9834 Feb. "7 Feb". 11 7 10334 Feb. 16 118 34 9 101 Feb. 2 3 10434 Feb. 26 Feb. 25 16 100 125 118 "29 70 Jan. 3 654 Jan. Jan. 28 107 13 11 5 18 25 Jan. 24 10834 Jan. Jan. 4 Feb. Jan. 4 Jan. 31 Feb. 23 5 Jan. II4 934 Feb. 4 Jan. \m Feb. 27 11734 Feb. 10034 Feb. Jan. 53 7 119 J4 Jan. Jan. 7 104 10034 Feb. 9 104 51 117; 100 j Jan. 434 Jan. 15 10634 Feb. 10734 Sale ali754 Sale 10234 Sale 64 534 Feb. 19 4 Jan. 17 13 3 11 5 Jan. 7 Jan. 24 105 9834 Feb. 16 10334 Jan. 12 101 11654 Jan. 28 II654 JanT"28 {♦Northern Ohio Ry 1st guar 5s. Oct 1 1934 and sub coupons... 1945 A O ♦Oct 1937 and sub coupons.... 1945 70 . .. 32,000 ♦Ogden A Lake Ch 1st guar g 4s. .1948 1948 ♦4s stamped......... 1943 Ohio Connecting Ry 1st 4s Ohio Edison 1st mtge 4s......... 1965 1st mtge 4s................... .1967 ... 258.666 158,000 131,000 161",000 70 J Q f Q J J J J J J A O J J j: j M 8 MN M S 1972 J J 1st mtge 334*—— Ohio Indiana A West 5s...Apr 1 1938 Q-J {Ohio Pub Service 7s series B... 1947 F A Oklahoma Gas A Elec 334*...... 1966 J D .1946 J D 4s debentures..... 81,000 40,000 Ontario Power N F lat 5s........ .1943 F A 15,000 Ontario Transmission 1st 5s..... .1945 MN 132,000 Oregon RR A Nav con g 4s..... 1946 J D ......... 4 000 Oregon 8hort Line 1st con g 5a.. 1946 J ... .... For footnotes,seepage30. 70 .... 60 70 8634 Sale 5634 Sale 9254 Sale 6154 Sale 8534 Feb. 4 Feb. 4 62 Feb. 26 50 68 67 6334 Feb. 4 70 Feb. 18 62 Jan. Jan. Feb. 10 71 Jan. Feb. Feb. Feb. 6434 Jan. Sale 7934 Sale 70 Sale 7134 Sale 98 80 102 10234 J 11 13 12 10 10834 10234 10134 9634 1034 9 108H Sale Sale Sale 109»n 10134 Sale 9934 10134 Sale 55 9254 Feb. 25 4 8334 Feb. 8 74 6934 Feb. 7 78 6934 Feb. 10134 10234 10134 Feb. 21 102 8034 Sale 78 74 75 17 17 8 14 Sale I6634 Sale" 9934 Sale 9534 Sale 11 14 1034 Sale 7934 Jan. 64 Jan. 10134 Feb. 10334 Sale" 10234 10234 973* Sale 13 834 Feb. 1034 Feb. 14 4 10334 Feb. 28 10234 Feb. 25 9934 Feb. 99 34 Feb. 9434 Feb. 98 Feb. 26 Sale 113 Sale 116 ~ 11734 ..... 99 10034 11234 11134 10654 113 11434 Sale Sale It* 103 100 72 45 Sale Sale x8ft Sale 10034 11.3 34 11234 Sale Sale Sale 16934 ism Feb. 1 Feb. 24 -00 34 11234 Feb. 28 11334 1 113 11134 Feb. 10634. Feb. 10 10834 99 m 99 If* Sale Sale 72 47 Feb. Feb. Feb. 1 9 Feb. 23 Feb. 15 10654 4 11334 Feb. 2 11534 Feb. Feb. 11 9934 2 100 Feb. Feb. 24 6734 47 Feb. 28 11534 11534 10534 100*32 2 Feb. 28 10754 Sale 10934 Sale 10754 Feb. 1 Sale 10434 Sale 10034 Sale 106 Sale 10434 Feb. 1 10634 Feb. 10234 Sale 10034 Feb. 1 10234 Feb. 26 53 II* nit! .7354 115 11334 Feb. 11 2 11534 Feb. 11634 Feb. 4 10334 Sale lOli Feb. 23 10034 99Jl32 10054 100 Sale Sale Feb. 28 Sale Sale 834 10834 9954 9934 9434 76 Jan. 7 12 13 §5* Jan. 11 Jan. 10 14 8 9354 Jan. 27 27 27 26 Jan. 27 79 27 80 21 102 Jan. Feb. Jan. 10 13 Jan. 10 Jan. 18 Feb. 4 12 3 Jan. 3 108H Jan. Feb. 2 10334 Feb. 28 Jan. 26 10234 Jan. 18 Jan. 19 Feb. 2 98 1097» Jan. - 1st guar cons 5s stamped...... ,1946 J J 117*; 1,000 249.000 Ore-Wash RRANav 1st Aref 4s... .1961 J J tOslo Gas A Elec extl s f g 5s.... ,1963 M S 6,000 1962 J J 44,000 Otis Steel 1st mtge 434* A 1946 J D 1,000 Pacific Coast Co 1st g 5s.. ,1964 J D 10934 166,000 Pacific Gas A El 4a ser G 1st A ref mtge 334* ser H...... .1961 J D 10534 144,000 1st A ref mtge 334* ser I 1966 J D 10134 327.000 .... 70 J J ..... 9234 Sale 6234 Sale 73 77 8734 Sale J J ..... 6634 70 ♦Stamped as to sale of April 1 1933 to April 11937 ind- coupons. 1945 448,000 Northern Pacific prior Hen 4s— 1997 Gen lien ry A Id gt 3s Jan 2947 262,000 Ref A Impt 434s Series A..... 2947 142,000 Ref A Impt 6s Series B....... 2947 628,000 Ref A Impt 5s Series G....... ,2947 37.000 Ref A Impt 5s Series D....... 2947 74,000 7,000 1 Northern Ry of Calif guar 5s... .1938 .1944 N'western Teleg 434s extended 70 10954 Feb. I 24 26 Jan. Feb. Jan. Jan. Feb. Feb. Jan. Jan. 11 109^32 Jan. 11 31 10234 Feb. 28 24 10054 Jan. 25 3 4 10 11 11334 Feb. 9 113 Feb. 23 110 Jan. 11634 Jan. 28 11834 Jan. 27 10654 Jan. 10 17 10 13 3 Feb. 23 10034 Jan. Jan. 4 7434 Jan. 10 Jan. 18 50 45 Jan. 26 10754 Jan. 27 10954 Feb. 24 10454 Jan.281 10654 Jan. 19 10054 Jan. 24 10234 Feb. 26 I N. Y. STOCK Sales in N. Y. STOCK EXCHANGE 1938 Pacific Tel Ac Tel 334« Ask Bid Ask Ask Bid 103 .1966 10234 Sale 103 103 109 103 100 Sale 10034 101 .1966 B ser Ref mtge 3^8 series C.. 54,666 Paducab Ac Illinois lsf s Panhandle Eastern Pipe 11,000 Paramount Broadway Corp— 1st mtge s f ft 3s loan ctfa..... .1955 F f 4 Ma. L 4s A. -1952 88 109 99 A 5934 J 9134 7134 63 78 Sale 6634 85 Sale 5934 61 78 1 Feb. Highest Sale Prices 82 Jan. 6 29 70 Jan 19 19 25 10434 Jan. 1( 1. 10 1. 3 28 10434 Jan Sale Prices Sale Prices Sale Prices 78 Feb. 7534 85 6634 84 Feb. 10434 10434 103 10434 Sale 10234 Feb. .1*38 .... Lowest Highest Lowest Feb. 28 .1956 2d extended Hold 5s 108,666 Feb. 1 9234 10334 10434 104 34 Sale 82 .1938 Pacific RR of Mo lit est 4s 112,000 1 Jan. 3 Bid 4,000 RANGE SINCE JAN. PRICES IN FEBRUARY Price BONDS February Value EXCHANGE—BONDS 78 70 103 1 24 1 10434 Feb. 16 1 10434 Feb. Jan Jan. Jan. 10234 Jan. 109 9934 Feb. Feb. 24 9934 Jan. Feb. 24 Feb. 17 58 Feb. 24 6134 Jan. 19 9234 Feb. 26 7434 Feb. 18 90 Jan. 4 9734 Jan. 7434 Jan. 9234 Feb. 17 15 1 70 Jan. 26 28 13 21 1 101 Sale 59 58 Feb. 24 Feb. Feb. 60 7 101 Paramount Pictures Inc—■ 84,000 90,000 37,000 5,000 ~"i",666 s f debenture 6s............. .1955 J .1947 M 334s conv debenture 8 ... s 92 Sale 9134 Sale 72 Sale 73 Sale 88 42 Sale 9034 44 72 92 Sale 7334 f 5His.. .1968 M 8 .1944 A O Parmelee Trans conv deb 6s Paterson 5c Passaic G 3t E 5s .194? M 8 •Paulista Ry 1st 5c ref 7s ser A.. .1942 M 8 Paris-Orleans RRExt 91 40 41 118 122 75 11834 12134 70 74 3 1 Feb. 70 7134 8834 3834 11834 1 Feb. 8834 Feb. 26 39 Feb. 8 11 'Feb'.'"23 Feb. 23 Jan. 27 Feb. 26 Jan. Jan. 3 45 Jan. 21 11834 Jan. 70 Jan. Pennsylvania Co— :■ Guar 3^s coll tr ctfs ser B 1941 F A Guar 5 334* tr ctfs series C...1942 J D Guar ft 3Hi tr ctfs series D 1944 J D 40-year guar tr ctfs 4s Ser E..1952 MN 5,000 5,000 10,000 6,000 210,000 22,000 3,000 .....1963 F 28-year 4s Penn Dixie Cement 1st 6s A 1941 103 104 10234 103 A 100 Sale 80 Sale D 9 10534 10334 Feb. 10134 10334 103 102 10334 Feb. J4 10234 2 10334 10334 Feb. 10334 10134 101J4 Feb. 17 10234 104 3 94 Feb. 9534 Sale 9534 97 3 82 77 78 8334 7734 Feb. 103 34 Feb. 16 104 Sale 10334 105 ..... M S 434a..1960 J Penn Glass Sand 1st mtge 10234 10334 103 26 10354 Feb. 103 34 Feb. 10334 Feb. 9 5 10334 Jan. 14 8 10334 Jan. Feb. 25 10134 Jan. 10234 Jan. 2 10334 Jan. 104 Feb. 15 10134 Feb. 94 Jan. 9634 Feb. 15 83 77 10334 Jan. 104 Fen. 10034 Jan. Jan. 83 10 8 15 13 Feb. 25 104 Feb. 1 10334 Feb. 104 34 Jan. 20 1 102 Feb. 10 9734 Jan. 29 10434 Jan. 6 9934 Feb. 5 9234 Feb. 10834 Jan. Penn Ohio Ac Detroit RR— 1st 5c ref gold 434a series 70,000 Penn RR consol gold Consol gold 4s 69".666 Gen mtge 145,000 243,000 354 s series C 1970 1952 1943 1947 M S ... Peoria 8c East 1st ♦Income 4s cons 1940 A O 1990 A O 4a... (flat) Peoria 8k Pekln Un 1st 534» A...1974 F Pere Marquette 1st 5s series A...1956 J A 1956 J 1980 M l*t g 4)4* series C Phelps Dodge conv A 114 Sale 113 11634 95 Sale 102 11134 Sale 9034 Sale 10134 Sale 10034 Sale 8734 Sale 11534 11634 10934 Sale 61 ""534 .105 80 34 934 107 76 90 Sale 10234 Sale 10934 11034 114 12334 J 103 114 1981 J D 109 115 gold 5s.1967 J D Sale J f 4s 1937 J Plllsbury Flour Mills 20-yr 6s 1943 4 O 9334 10634 1634 434 1034 10834 1952 M N 1952 M 8 73" 1967 M 8 1973 Phlla Electric 1st 8c ref 334* {♦PhMa Ac Read C 8k I ref 5s J J 1949 M ♦Convertible deb 6s t'♦Philippine Ry 1st 30-yr 8 s Pirelli Co (Italy) conv 7s Pitts Coke 8k Iron conv 434« A P C C & St L g 434* series A .1940 A O Con 434a series B guar g..... .1942 A O 5,000 "2,006 32.666 33,000 125,000 10,000 69,000 .2,000 2,000 5,000 575,000 67,000 16,000 62,000 27,000 53,000 151,000 14,000 128,000 53,000 162,000 156,000 189,000 117,000 7,000 24,000 Sale 11 1st mtge 434s series C........ Pitts Y 8k Ash 1st gen 4s ser A. 1st gen 5s series B 1st gen 5s series C........... .1977 J J .1943 MN .1958 J D .1959 A O .1960 A O .1948 I D .1962 F 10834 11034 11034 11034 -C- ill*::: 52 10934 11034 Pressed Steel Car deb 5s 1951 J {♦Providence Securities deb 4s gul957 M {♦Providence Terminal 1st 4s... 1956 M ** D J J s f g 5s 1948 {♦ Radio Keith Orph pt pd ctfs for deb 6s 8k com stk (65% pd) ♦♦Debenture gold 6s.... ..1941 76 J 534 N 84 1997 81 10 Sale M 8 11234 78 Sale 106 Sale 80 Sale J 9934 100 32 2634 J 19 22 30 Sale ♦Direct mortgage gold 6s 1952 M N ♦Cons mtge 6s 1953 F A ♦Cons mtge 6s with warrants.. 1955 A O 28 30 28 30 28 30 ~4",606 deb .......1952 M 8 J 104 A 45 93,000 {♦Rio Grande June 1st guar 5s 1939 I ♦Rio Grande Western 1st g 4s 1939 J ♦ 1st con 8c coll trust 4s series A.1949 A 62,666 Rochester Gas 8c El 434* aer D...1977 M S Gen mtge 5s series E ......1962 M 8 35,000 ♦{♦Rock I • Ark 8k Louis lat434s ..1934 M 8 1948 A 1,000 ♦Rutland-Canadian 1st guar g 4sl949 I ♦4s stamped I.OOOJ ...1949 J 178,000 78,000 16,000 Safeway Stores s O O J footnotes, see page 30. "55" 26 D J _ 6834 4034 15 34 85 Sale 64 34 107 34 "87"" 11934 103 34 '0934 9034 9834 9834 8434 11634 11034 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 9 3 21 7 25 8 9 72 7534 Feb. 6634 Feb. 15 10 66 Feb. 2 Feb. 10734 Feb. 24 10934 Feb. 24 Feb. 115 Feb. Feb. Feb. Feb. Feb.Feb. Feb. Feb. 11034 Feb. 21 1 10834 Feb. 1 9034 Feb. Feb. 107 10834 Feb. Feb. Feb. 5 24 1834 Feb. 18 634 Feb. 21 31 109 Feb. 106 87 Feb. Feb. Feb. 17 1 17 10834 Feb. 1 11034 Feb. 3 10 3 3 11634 Jan. 11234 Jan. 60 ll 10 22 17 Jan. 8 834 Jan. 14 107 Jan. 18 4 Feb. 8034 Jan. 63 Feb. 7534 Jan. 62 Feb. 76 105 Jan. 5 Jan. 3 102 Jan. 28 10734 Jan. 10 107 Jan. 28 110 Jan. 8 114 Feb. 19 115 Feb. 5 10734 Jan. 31111034 Feb. 21 107 Jan. 25,109 Jan. 5 3 9534 Jan. 8634 Feb. 10734 Jan. 20 1434 Feb. 434 Jan. 11 3?* Jan. 80 Jan. 19 Jan. 19 Feb. 21 Feb. 109 Feb. 12 10834 Feb. Jan. 17 31 87 Feb. 28 10834 Jan. 11034 Jan. 10834 Jan. 108 28 Jan. Jan. 10134 Jan. 10134 Jan. 89 Jan. Jan. Feb. 6 U,K Jan. Jan. Feb. 7 3 11134 Feb. 19 3 9534 Jan. 12034 Jan. 12 Jan. 6 62 10834 10934 95 105 1 63 Feb. Jan. Jan. Jan. Jan. Jan. Jan. 9534 Jan. 17 72 108 10834 8834 11734 9934 10534 8034 Feb. Feb. 28 70 84 Jan. 834 Feb. 26 55 107 Feb. Jan. 10934 Jan. 114 Jan. Jan. Jan. Feb. Feb. 9 Sale Sale 109 7934 11634 10934 5234 26 Sale 6 5 107 l07"" l09' 109 122 110 120 109 Feb. 16 107 Feb. 4 117 Feb. 4 117 Feb. 107" "Feb. 17 117 Feb. i7 109 Feb. 16 4 117 Feb. 4 110 10734 10834 Sale Sale 100 Sale 104 108 50 4934 4934 10834 9934 9934 i 1234 Jan"""6 107 Feb. Feb. Feb. 10534 Jan. 10434 Jan. Jan. 27 11234 Jan. 26 104 34 Jan. 14 98 ]91* "45"" 42 Feb. 106 Jan. 28 108 Feb. 10 5534 Jan. 5534 Jan. 21 1 10934 10934 10734 Feb. 10734 Sale 10734 Feb. 28 10934 4 10134 101 10134 9934 Feb. 108 Feb. 10 108 4934 4234 42 42 10834 11534 9934 53 Sale 106 4734 "45"" 1334 Sale 1434 10434 Sale 10434 4934 103 34 44 80 534 Sale 834 "84"" "8434 75 42 42 108 Sale Feb. Feb. Feb. 27 Feb. 18 42 Feb. 18 46 Feb. 3 108 Feb. 28 11534 Feb. 11 42 Feb. 19 3 108 Feb. 3 10934 Jan. 28 11534 Feb. 18 19 42 634 11534 Feb. 1 5434 4934 Feb. 10234 Feb. 26 10434 43 Feb. 19 4434 5134 Sale 3 16 1234 Feb. 105 10534 10434 Feb. 80 Feb. 8234 8034 Sale 103 ' 87 28 11534 Feb. Feb. Feb. Feb. 25 Feb. 24 4834 Jan. 27 55 10234 Feb. 26 104 34 43 48 34 Feb. 19 18 5 1234 Jan. 10334 Jan. 14 105 8 9 Feb. 8 Feb. 3 4 21 17 28 Jan. 15 Jan. 8 10 Jan. Jan. 5 Feb. 8 Jan. 8 82 Jan. 534 Jan. 8 Sale 8434 Feb. 2 8734 Feb. 14 10834 934 78 10534 80 19 1034 23 Sale 24 2534 2634 2534 9134 10434 40 42 2?* 11 1734 1034 J 14 J 1234 1947 J D .... 1 67 Feb. 23 Feb. 8834 Feb. 24 Sale 83 Sale 97 Sale 90 Feb. Feb. 4 1 3 Sale Sale Sale 32 70 66 7 8 Jan. 18 10 80 84 Jan, 66 Feb. 16 6034 Jan. 27 3 8734 Feb. "14 8234 Sale 10534 Sale 8234 Sale 10034 Sale 3534 Sale 78 Feb. 99 97 Feb. 28 90 84 101 Feb. 32 Feb*. 32 2934 3034 Sale 3034 Sale 3034 Sale 9634 Sale 2734 2634 2634 9134 Sale 25 104 34 "52 34 47 45 31 Sale 42 17 Sale Feb. 10634 Feb. 8334 Feb. 10434 Feb. 7934 Feb. Feb. 15 5 Jan. 28 93 Jan. 28 Jan. 9334 Jan. 11 4 3 97 Jan. Feb. 28 118 4 28 99 9 Sale 14 1134 Feb. 15 4 Feb. 8 Feb. 1 Feb. 22 IS* 1234 1034 28 28 26 Jan. 17 28 2634 Jan. 9034 Jan. 20 * 28 Feb. 4 1 4434 Feb. 18 18 16 Feb. 8 18 24 50 Feb. 9 Feb. 21 Feb. 12 Feb. 10 12 3234 1034 Feb. 16 15 15 Feb. 23 15 11 10 Feb. 4 Sale 101 Sale 101 Feb. Sale 10934 101 Sale 102 Sale 101 Feb. 10734 10734 Feb. 94 94 94 9734 9834 96 1 1 9 27 Jan. 25 30 Jan. 3 2734 Feb. 15 3034 3034 3034 9634 Feb. Feb. Feb. Feb. 28 28 50 41 Jan. 3 "47" "Feb". "28 Jan. 21 4034 1534 11834 10834 Jan. Jan. Jan. Jan. 4 9 Feb. 1 25 26 Jan. Feb. Jan. 27 n» is* Feb. Feb. Feb. Feb. 10 1234 Feb. 16 2034 Jan. 10 10 Jan. 4 1034 Feb. 16 934 Jan. 8 Feb. 23 12 34 Jan. 24 934 Jan. 28 10234 Feb. 1 10234 Feb. 5 Feb. 101 Feb. 23 10034 Jan. 3 10734 Feb. Feb"." 11 8 110 Feb. 1234 Feb. 28 28 4434 Feb. 2034 Jan. 28 119 934 Feb. 2234 Feb. 15 108 21 Jan. 41 10234 28 28 Feb. Feb. Feb. Feb. " 28 Sale 7 101 Jan. 7 3534 Feb. 24 Feb. 3034 30 34 3034 9634 Feb. 15 11 19 11 20 4234 Feb. 20 Feb. 2834 Jan. 12 28 !!* 1034 Jan. Jan. 8734 Jan. 16 10834 Jan. 88 34 Jan. 29 29 Feb. 27 "47 " Jan. 24 11834 Sale 75 78 116"" 10834 10934 10834 "Feb". 17 lio" "Feb". "2 10634 108 75 4 10434 Feb. 15 3534 Feb. 28 2034 Feb. "2934 Feb. 7934 Jan. Feb. 114"" Feb". "9 11134 "Feb". "4 11134 Feb. 24 30 88 81 82 110 21 10 I 108 Feb. 3 81 18 3234 10134 10034 73 6334 Feb. 9934 100 ?7* IK" 11 16 Sale Sale Sale 66 U2"' 11234 11234 Sale 2134 119 Feb. 6534 8834 8734 70 110 42 J Saguenay Pow Ltd 1st M 434s...1966 A O St Jos 8k Grand Island 1st g 4s..1947 1 J St Lawr 8k Adirondack 1st g 5s..1996 J J 2d gold 6s 1996 4 O For 9034 Sale 1941 J g 434s...1941 f deb 4s... 10834 10834 10834 110 J cons '8134 91 92 1946 J ♦434« stamped..... a* Sale 10334 10934 11034 108 114 115 11434 108 10934 10834 10734 10834 10734 8634 8934 Sale Sale 107 10534 1434 1634 Sale Sale 6 434 Sale 1634 Sale 1414 Sale 10834 Sale 10834 10034 10034 83 A Richmond Term Ry 1st guar 5s..1952 J ♦Rlma Steel s f 7s. 1955 F 2,000' Sale Sale 1954 MN 1961 F Richfield Oil 4s 19,000 6634 Sale Sale 1953 I ♦Rutland R R 1st Sale 6134 8334 1956 MN ♦Ruhr Chemical 6s Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 12034 118 Sale 10134 Sale Sale 10734 Sale Sale 89 8134 Sale 9634 9834 Sale Sale Sale 98 9634 Sale 8034 8434 Sale 118 117 11834 11634 Sale 11034 110 10934 Sale 56 • 50 5234 7 Sale 634 107 10534 107 10534 10754 109 11434 116 10834 Sale 10834 Sale 9034 Sale 10534 Sale 1634 Sale 454 Sale 23 94 Feb. 10334 10834 73 ♦Rhine-West Elec Power 7s..^..1950 MN 9.0001 119 90 J J 20,000 9.000 32,000 40,000 30",066 Sale Sale 75 9SK 7434 Sale 9334 Sale 9234 106 D O W..1956 5134 Sale Sale 4&S..1956 J conv 104 11134 Feb. 23 11134 Feb. 19 10934 Feb. 11034 Feb. 90 Feb. 101 D 1951 1997 ♦Rhelnelbe Union s f g 7s ♦Rhine-Ruhr Wat Serv 6s 7534 6334 6434 9234 Sale 14 8 ° Rensselaer 8k Saratoga 1st gu 6s. 1941 M N Republic Steel Corp 434s ser A..1950 A O Gen mtge 434* series C Revere Copper & Brass 1st 45 J purity Bakeries Corp Gen mtge 434■ series B Purch money 1st 534a conv 9234 Feb. D 1234 10434 w 6 60 t'♦Postal Teleg 5c Cable coll 5s. .1953 J Potomac Elec Power 1st M 334S..1966 J Remington Rand deb 434a 55 105 ... 5034 Sale 10334 10434 Gen 8k ref 434s series B 11634 10934 Sale ..... 117 105 Sale ... Portland General Electric 434*—1960 M S 1st 5a 1935 extended to 1950.... J 3 Porto Rlcan Am Tobac conv 6s..1942 i J Read Co Jersey Cen coll g 4s Gen 5c ref 434s series A 9734 99 — A .1974 J .1977 J !!* 97H 109 80 11634 11234 115 11034 11634 10434 Sale 108 34 5034 78 5034 59 ........ 10834 16634 Con 434s series J guar....... .1964 MN Gen guar 5s series A .1970 I D General g 5s ser B .1975 A O 1st 434a aeries D_. 433,000 30,000 Sale 110 . "7",066 Sale Con 4s series F guar g .1953 I D Con 4s series G guar g....... .1957 MN Con 4s series H guar g....... .1960 F A Con 4>4s series I g .1963 F A General 4 34s series C Pitts Va 5c Char 1st guar 4a Pitts 8k West Va 1st 434s ser A 1st mtge 434* series B ... 90 118 Sale Feb. 10134 101 111 109 10834 111 10934 Sale 11134 Sale 10934 11634 11034 112 12034 1977 J General 434« series D Phlla Company secured Con 4>4a aeries C guar g .1942 MN Con 4s series D guar g....... .1945 MN Con 334a series E guar g -1949 F A • Sale 84 8 1974 F ... 2,000 2,000 J 1952 J D 1943 M.N 3 Ha deb Phlla Bait 8k Wash 1st g 4s General 5a Series B Gen g 4Ha series C 25~, 606 99 J 1st 4s Series B 1,757,000 19,000 10034 Sale 10934 11034 120 Gen mtge 434s series E........1984 Peoples Gas 8t Coke 1st 4s Refunding gold 5a Sale 106 General 434s series D.........1981 Con? deb 33*8 99 O A General 5s Series B...........1968 Debenture gold 434a 1970 12,000 21,000 5,000 : 184,000 M N Consol 4H> Issue of 1915......I960 General 4 3* a Series A.........1965 72,000 • 4s........1943 .......1948 M N Stamped dollar bonds...... 1948 M N 13,000 170,000 47,000 579,000 200,000 338,000 450,000 253,000 380,000 1,000 143,000 17,000 207,000 368,000 7,000 15,000 9,000 16,000 250,000 10334 10434 434s series B ..........1981 J Penn Pow 5c Lt 1st M 434*——... 1981 A O 640",666 ■' 1977 A \ 28 104 4 Jan. 11 10234 Feb. 23 15 109 Jan. 19 March, 1938] Sales in 1938 Feb. 1 Ask Bid Bid Ask Bid Ask At Gulf Dl» lit 0 4i__-193.< M N ♦Certificates of deposit & 67 80 58 54% i5% Sale 67 15 194* "j 1955 J 65 73 60 77 1950 J 13% Sale 13 Sale 12% Sale Jo2* 13% Sale 10% 12% 10% 10% Sale 10 15 13% 14 14 Sale 62% 35"666 ♦Prior Hen 4a aeries A ♦Certificates of deposit ♦Prior Hen 5s aeries B 1950 J ♦Certificates of deposit.. ♦Con M 4%s aeries A "j 1978 MS ♦Certificates of deposit stamped {St Louis Southwest 1st 0 4s 1989 MN ♦2d gold 4s income bond..Not 1989 J ♦♦1st terminal & unlf 5a......1952 J J J 1990 J J 4a.. 196* J D {♦St Paul B Grand Trunk 4%a .1947 I {•St Paul & K C Short L guar 4%«194i F J ♦Gen & ref 5a series A St Paul 8c Duluth 1st consoi A 11% 65* 29% 20 % 15% 35* II* 96 9% "25" 8% Sale St Paul Minn & Manitoba— 9,000 13,000 82,000 58,000 12,000 3,000 15~66O 2,000 J tPaciflc Ext sterling guar 4s.. 1940 St Paul Union Depot 1st 5s guar. 1972 J 101 J 118* 119 J San Ant 8c Aran Pass 1st guar 4s_l94? J San Antonio Public Serr 1st 6s A. 1952 J M N San 109% Santa Fe Prose Ac Phenlx 1st 5s..l94? M S 194t {♦Schulco Co guar 6Ht ♦Stamped J 1946 AO J ..... ♦Guar sinking fund 6 %a B 19,000 144,000 3,000 403,000 53,000 3,000 87,000 4,000 288,000 31,000 1989 ♦{♦Seaboard Air Lino 1st g 4s ..1956 ♦♦Stamped 4s 1950 M N 15% 4% A 4% 2,000 34,000 209.000 S 75,000 173,000 9,000 157,000 68,000 42,000 $9,000 64,000 1952 J D 4% 81* 77% 75 % 1951 Skelly Oil debenture 4s 97 Sale Sale 21 Sale 113% 13% 15 3% 6% 4% 9% 8% 22 9% 1961 4 101% 66 54% 98% 61% 63% "68" 98% 68% 7% Feb. 100 80 97% 100 Sale 92 Sale 1st mtge pipe line 4%« 1951 Sou Pac Co 4s Cent Pac coll Aug. *49 J 1st 4%a (Oregon Lines) ser A..1977 M 97% Sale 66% 75% Sale Sale M 61% Sale 59% "75" 107% 107% 93% 90% Jan. Jan. Jan. Feb. 24 Feb. Feb. 24 12 Feb. 8 Fee. 25 Feb. 23 4 Feb. 24 10% Jan. 29 9% Jan. 28 4 9% Feb. 3 Feo. 25 50 8 10 4 8 1 Sale Sale Sale Sale Feb. 93 75 "25" Sale 4% 11 0 Feb. 4 Feb. 2 117% Feb. 1 74% Feb. 7 14 Feb. 9 Feb. 23 108 8 110% Feb. 16 110 4 100% 21 110 4 110 15 100 116% Feb. 69% Feb. 109% Jan. Feb. Feb. 7 5 Jan. 62 Jan. 5 18% Jan. 15 68 Jan. 28 15 Jan. 10 Jan. 10 Jan, 12 Jan. 10 Jan. 11% Jan. 67% Jan. 10 Jan. 25 m 11* 12 17 32% Feb. 25 24% Jan. 13 Jan. 7 17 Jan. 21 98 5 9% J an, 9% Jan. 15 102% 2 118% Jan. 1 81% Jan. 4 110% Jan. 25 6 4 Jan. 6 8 112% Jan. Jan. 20 4 31 4 110 17% Jan. 8 8% Sale 9% 24% 5% Sale Sale 6% 8% 7% 19% Feb. Feb. Feb. Feb. 4% Feb. 1 3 4 2 3 10 4 11 Jan. Jan. 26 10% Jan. 7% Jan. 19% Feb. 26 Jan. 11 10 10 5 10 14 Feb. 11 4% Feb. 11 101% Feb. 28 4% Feb. 98% Feb. 58 Feb. 66 7 Feb. 19 69 Feb. 26 21% Feb. 21 75% Feb. 28 87 Feb. 15 3 99 Feb. 25 17 3 106% Feb. 25 8 4 Jan. Jan. 3 28 5% Jan. 10 4% Jan. 7 2 11 69 61% Jan. 77% Jan. 107% Jan. 1 4 92 08% Feb. 21 64 Feb. 9 69% Feb. 25 58% Feb. 24 95 52 Jan. 18 120% Jan. Feb. 107 7 19 4 108 104 101% Jan. 95% Feb. 26 91% Feb. 17 3 Jan. 99% Jan. 88 105% Feb. 114 Feb. 26 21% Feb. 21 20% Feb. .72% Feb. 79% Jan. 97 Jan. 4 Feb. 22 28 101% Feb. 28 12 66 Feb. 19 3 59 26 Feb. 1 108% Feb. Sale 11 11 27 Jan. 14 108% Feb. Sale 9% 25 Jan. 28 3 8 Jan. 4 Feb. 3 Jan. 28% Feb. 27 97 1 1 104 23 54 4 117% Feb. Feb. 66% 57% 56* 17% Jan. 4% Jan. 8% Jan. 4 95 60 Jan. 27 3 Feb. Jan. 28 4 Jan. Feb. 6 7 98% Jan. 12% 3% 5% 6% Feb. Feb. 89% Feb. Sale 14 Jan. 27 114 29 14% Jan. Feb. 10 Feb. 11 Feb. 10 Feb. 23 Feb. 15 2 Feb. Sale Sale Jan. 4% 8% 7% 9% 8% 19% 10 59 11 14 10 95% 4 Jan. 16 72% Feb. 63% 55% 18 Jan. 3 63% Feb. 20% Feb. Sale Jan. 3 72 Sale 17 25 27 10 Sale 92 7 11 20% Feb. 28% Feb. 18 14 Feb. 13% Feb. 3% Feb. 102% Feb. 107% 108% 107% Feo. 108% 109% 107% Feb. 92 Feb. 94 96 104 Feb. 9% Jan. 7% Feb. 11 24 93 3 8 26% Feb. 18% Jan. 26 4 14% Feb. Feb. 7 Feb. 26 23 32% Feb. 25 22% Feb. 15 9% Feb. 11 Feb. 91% Sale 14% 12% 14% 12% 13% 4 Feb. Sale 82 Feb. 87 83 86% Sale 97% Feb. 98% 99 98% 105% Feb. 106% Sale 106% Sale Feb. 112% 115% 114 117% Sale 102% 16 64 114 20 27 20 101% 102% 107% Sale 107% 107% 1965 Southern Colorado Power 1st g 6s '47 Southern Kraft Corp 4#s... 1946 5% Sale Sale 55 26 12 Feb. 10% Feb. 10% Feb. 9% Feb. 50 Feb. 26% Feb. 18% Feb. 14% Feb. 93 Feb. 32% 32% 4% Sale 67 118 1962 Southern Calif Gas 4%» 1st mtge & ref 4s 4% 3% 106% Sale Socony-Vacuum Oil deb 3%« 1950 South Ac Nor Ala gu 5s..........1963 |Southern Bell Tel Ac Tel 3%» 4 Sale 18 14 21 17% Feb. 26 8 21 v 17 60% 1947 deb 4s Sale Sale Sale J ♦♦Siemens Ac Halskesec s f g 7s.. 1935 M 8 ♦Debenture s f 6%« 1951 ♦Silesia Elec Corp 6%s._ .——.1946 F A SIlesian Am Corp coll tr g 7s 1941 con? Sale 4% Shinyetsu El Pow 1st AHs Simmons Co 14 17% Sale Prices 24 28 6 31 11% Jan. 10% Jan. 8 193? 1951 M 3%« J 49",005 p 22 "14"" 3% 6% 6% 8% 8 Sale Sale ♦Certificates of deposit Shell Union OH deb I* 9% 14 14 Jan. 65 11% Feb. 10% Feb. Feb. 103 100 117% 116% Feb. 116% 69% Feb. 70"" Sale "74% Sale 109% Feb. 109% 109% Sale Sale 108 Feb. 110 109 108 110 Feb. 111 110% 28 19% "22" 18% 111 ~15% 34* 100% 103 32% 4 ♦Certificates of deposit.... Series B 8% 28 14 Feb. 57% Feb. 28 2 16% Feb. 58 57 61 % Feb. 60 Feb. "24" " 9 28 14 M*P l%y* 93 20 115 Sale Sale 20 24 A ♦Certificates of deposit 64% 30 O ♦♦Atian-Blrm D1t 1st g 4s.May 193: {Seaboard.All Flo 1st 6a A 1935 Sale 32% O O 10 27 A ....194' 7% Sale Sale" 20% 1959 6s series A 24 10% 12% 27 F ♦Certificates of deposit.... 8 13 13 i°5* 20 A ♦♦Refunding g 4s cons 15 16 Oct 1949 ♦Adjustment 5s ♦1st Ac 109 20 ♦Stamped , 82 % 110 112% 1965 Sclo Vail & N E 1st guar g 4s 2,000 42,000 102 J J Diego Cons G & El 4s 27% Sale 18% Sale 15% Sale 100 1 1 Highest Sale Prices Sale Prices Sale Prices 68 12% 11% {♦St L PeoAt NWlitSi Sale 60% Sale 20 57% 17% 60 17 {♦St Louis-San Francisco Ry— 58 60 20 Lowest Highest Lowest Feb. 28 St L Rky M Ac Pac 5a stmpd 226,000 100,000 65,000 39,000 339,000 137,000 46,000 30,000 43,000 109,000 4,000 RANGE SINCE JAN. PRICES IN FEBRUARY Jan. 3 8t Lou it Iron Mtn & South— 54,000 6,000 8,000 29 EXCHANGE—BONDS Price BONDS n. 7. stock exchange February Value N. T. STOCK Feb. 28 108% Jan. 108% Jan. Jan. 18 19 Jan. 3 100 Feb. 89% Feb. 93% Jan. 8 98% Jan. 69% Jan. 10 60 Feb. Jan. Jan. 49 Jan. 63% Jan. 63% Jan. Southern Natural Gas— 61,000 26,000 371,000 417,000 554,000 518,000 223,000 262,000 321,000 A Gold 4J4«--Gold 4%« 1968 May 1 1969 M N Gold 4%a 1981 San Francisco Term 1st 4s. South Pac RR 1st ref guar 4s 4s stamped 347",656 843,000 322,000 478.000 "l',666 32",666 73,000 88.000 22,000 71,000 347.000 14,000 115,000 54,000 5,000 20,000 153,000 24,000 58.000 190,000 77,000 258,000 ib"66o 90,000 79,000 64,000 3,000 167,000 254,000 10,000 222,000 M ...1946 J 10-year secured 3^s 1950 A 1955 J N J O J 61 Sale 61 Sale 83% Sale 103% Sale 92% Sale 8* Sale Sale 77 Sale 52 72 Sale 70 §8* 80 Sale Sale Sale P Sale 63% Feb. 52% Feb. 52% Feb. Sale Sale Sale 83 ..1994 J Sale {•Spokune Internet 1st g 5s....1955 J Staley (A E) Mfg 1st mtge 4s.....1946 F 1961 J 1943 J deb 6s. .1945 J Swift Ac Co 1st M 3%s 1950 M Tenn Coal Iron At RR gen 5s Tenn Copper <t Chem— 1951 J J "60"" "79"" 18* 60 64 Sale 99 103 ■, Sale 73 5- Sale Sale Sale 105% Feb. 1 107 121 125 119% Feb. 97 100 101 81 Sale J 120% 122 106 115 14 Sale Sale Sale 105 114 Sale 108 114 Sale 95 62 95 79 110 78% 1980 Tex Pac—Mo Pac Term 5 %a A—1964 M S J 1960 J 96 31 Third Ats 1st ref 4s Sale Sale 104% 116% 102% 114% 111% Sale 78% Sale 78% 87 78% 103% 102 Sale 29% Sale 6% Sale 79% 79% 103% 32% Jan 1960 A O 7 Sale 1937 J 1952 J J 72% 100% 85 75 Sale Sale J 3 63 Jan. 3 Jan. 26 64% Jan. 3 52 Jan. 15 60 Jan. 10 4 6 12 Feb. 98 77 Feb. 104% Feb. 24 Feb. 70 97% J an, 80 Feb. 107% Jan. 109% Jan. Jan. 103% Jan. 17 Feb. 12% Feb. 102% Feb. 14 Jan. 21 105 Jan. 8 15 3 Feb. Feb. 25 Feb. 101 100 101% Feb. 25 100% Jan. 28 72% Jan. 12 Jan. Feb. Jan. 69% Feb. Feb. 18 105% Jan. 9 119% Feb. 9 119% Feb. 4 100 Feb. 24 Feb. 24 82% Jan. 106% Jan. 14 Feb. 11 Ill Jan. 114 102 Jan. 108% Jan. 11 15 17 77 Feb. reu. Feb. Feb. Feb. Feb. Feb. 102 29 8 10 8 116% Jan. 12 12 11 Jan. Feb. 102 Feb. Feb. 32 Feb. 85% Feb. Feb. III 108!* 34 Feb. Jan. Jan. Jan. 14 Jan. 25 13 13 Jan. 8% Jan. 72% Feb. 6% Jan. 71 72% Feb. 13 Jan. 81 Jan. Feb. 114% Feb. 4 106% Jan. Feb. 104% Jan. 11 111% 78% 78% 78% Feb. Feb. Feb. Feb. 8 100 Feb. 11 Feb. 102 18 20 107 Feb. Feb. 71 Feb. 100% Feb. 95 Feb. 9 121% Jan. 70% Jan. 104% Feb. Feb. 85 62 15 80 86 95 Feb. Feb. 25 2 106 4 Jan. Feb. 24 Feb. 28 8 26 Feb. 28 3 Feb. 1 72 Feb. 79% 104% Feb. 25 105 112% Feb. 23 114 4 106 103% Feb. Sale 1977 47% Jan. 27 45 97% Jan. 105% 106% 26 42% Jan. 72 "64% 63 58 3 7 Sale 105 Jan. Feb. 1 108% 108% 107% Feb. 2 103% Sale 101 Feb. 14 2 12% Feb. 15% Sale 102% Feb. 23 104% Sale 2 101% 100% Feb. 101 Sale J 83 Feb. 100% 8 27 55 100% 1979 ♦Adjustment Income 5s ♦♦Third Ate RR 1st gold 5s Jan. Jan, Jan. 7 94% 97% 12 2000 Tidewater Assoc Oil deb 3 Hs lEr 93 73% Jan. Feb. 70 60 107% Sale 100% 101% 108% ....1951 .......1943 D Jan. 65 100 .....1044 1953 S Ry 5Ht A guar.1950 ser Jan. 4 4 D ... Gen Ac ref 5a 63 11 10 13 11 10 5- Jan. 83% Jan. 104% Jan. Jan. 97 65 35 D A..1 StLlatg4%a„„l'-^ B 67 Feb. 15 Feb. 15 Feb. 24 Feb. 25 104 First cons g 5s Gen ref s f gold 4s ser 76 48% Jan. 48% Jan. 69% 44% 54% 55% 13} 101} J ......1944 Gen Ac ref 5s aeries C..... 11 A Tenn Elec Power 1st 6s series Gen ref 5s Sale 80 Bast Tenn reorg lien 5s 1938 M S Mobile 8c Ohio coll tr 4s 1938 M S Southw Bell Tel 3%a series B....1964 J D S'western Gas Ac Elec 4s ser D...1960 M N T exas Ac Pacific 1st g 5s Feb. 55 Sale Texas Corp deb 3%a T exas At N O cons g 5s 3 4 Sale Sale 1 exarkana Ac F Feb. 37% Feb. 47% Feb. 49 Feb. Sale Sale 50% Cone deb 6s series B 23 9 Sale 39 48 64% Sale Term RR Assn of Feb. 58% 58% 75% 1 100% 1 84% 28 63 con? 23 Feb. 3 Feb. 47% Sale ♦Studebaker Corp Feb. 4 65 1956 A ...1956 A Derel Ac gen Standard Oil N J deb 3s. Staten Isl Ry 1st gu 97.% Feb. Feb. 77 4 Sale Sale series A.....1956 A Memphis D1t 1st g 5s.........1996 J St Louis D!t 1st g 4s 1951 J Dexel Ac gen 6s series A Feb. Feb. 1 98 ...1955 Southern Ry 1st cons 5s... Dots! Ac gen 4s series A.. Sale Feb. 102 100% Jan. 3 Jan. 12 Tokyo Bloctric Light (Ltd) 873,000 35.000 1,000 "2",500 June 15 1953 J 3%a '60 J 1st M 6* S Series.. Toledo At Ohio Cent ref At imp Tol St L Ac West 1st g 4s Tol W Va 8c Ohio 1st guar 4s Tor Ham 8c Buff 1st 4s D D 1950 A O C..1942 M S 1946 J 1,000 76,000 11,000 1,000 Trenton Gas At Elec 1st 5s 1949 M Trl-Contln'l Corp con? deb 5a ser A*53 1 35,000 91,000 20*666 Sale 88 104 8 J 107% 108 Tyrol Hydro-Elec Power 7J4a.—.1955 M N Guar sec s f 7s — 1952 F 52% Sale 96% Sale 70 92 A Sale Sale" 35-year 3Hi debenture........1971 MN United Biscuit (Amer) deb 5s... 1950 A o 94% Sale O Sale For footnotes, see page 30. 14 80 72 80 Jan. 118% Feb. 104% Feb. 118% Feb. 28 Feb. 7 94 93% Feb. 8 93% Feb. Feb. 108% Jan. 97 96 Feb. Jan. 70 Jan. 105 Jan. Feb. 117% Feb. 108% Feb. 117 Feb. 19 105% Jan. 108 Jan. 112 28 108% Jan. 114^ 107 $4 Jan. 116 Jan. Feb. Fod. Feb. Feb. Feb. Feb. Fen. 3 106% Feb. 11 114% Feb. 18 96 Feb. 17 95% Feb. 23 106% Feb. 77 Feb. 5 23 20 103% Jan. 3 106% 106 Sale 28 Jan. 28 Sale 74% 70 103% Jan. Feb. Feb. 9i: 12 63 % Feb. 18 Jan. 8 29 102 1 107% Feb. Sale Sale 115% 7 49% Jan. 96% Jan. Feb. Feb. Sale Sale United Cigar-Whelan Stores 5s.. 1952 A 71 Feb. Sale' Sale June 2008 M 8 Feb. 97 Sale 107% 34-year 3Hs debenture........ 1970 A O 70 18 8 Feb. 105% 9% 117% 117 108% 106% Sale 110% 107 105% Sale 113; 92 J 96% 118 1947 ..June 2008 M 8 7 2 103% Feb. 2 Feb. Feb. 28 118% Feb. 28 2 Feb. 18 106% Feb. 93% Feb. Sale 9% 18 Feb. 24 94 Sale Union Pac RR 1st At land gr g 4s. ...... Feb. , 99 94 Sale 1962 ♦{♦Union Els? Ry Chic 1st 5s 1945 Union OH Cal 30-yr 6s ser A May 1942 3Hs debentures .1952 "9% 63% Feb. 52% Feb. 96% Feb. 90 100 Sale Union Electric (Mo) 3%a First At refunding 4s 1st Hen 8c r«7 5a Sale 98% 100 75 65 103% 105 92 Sale 63 75 70 107% 103% 103% 116%::::: 118% Sale 118% 106 106% 104% 105% 104% ..... 103% 117% D UJigawa Elec Power secured 7s..1945 80,000 205,000 228,000 3,000 43,000 172,000 69,000 265,000 60 101% 102 104 113 Jan. Jan. 89% Jan. 90% Jan. 105% Jan. 9% Jan. 26 , 7 7 17 18 80 Feb. 3 28 107% Feb. 28 118}i 96 m 77 Jan. Jan. 14 8 3 3 Feb. 14 17 Feb. 23 Jan. Feb. 23 3 30 N. Y. STOCK Sales in 1938 •♦July 1914 coupon off.. Va 8c Southwest 1st guar ....... Plrst cons 25.666 J J 34 M 8 Sale Sale Sale 29)6 83 809.000 94,000 25.000 45,000 78.000 155,000 158.000 186.000 32.000 52.000 114,000 ...1945 1 D MN M 8 M 8 MN F A J J 105 J M M Sale Prices Sale 84)1 Sale 50 Sale 50)6 50)6 87 89)6 Sale Prices Jan. 13 Feb. Feb. 3 18 3 Feb. 28 103 Jan. Feb. 23 27 27 Jan. Feb. 23 Feb. 28 Feb. 23 Feb. 25 Feb. 24 Feb. 26 88 Feb. 25 1)6 Feb. 11 2 Feb. 28 Feb. Sale Prices 76 Jan. 4 8156 108)6 Feb. 10 109 Feb. 5 24 Feb. 18 27 Feb. Feb. 23 107 112)6 Feb. 17 8 82 Highest Jan. 25 22 Jan. Feb. 23 106)6 Feb. 28 32)6 Feb. 23 Feb. 23 32 27)6 Jan. 18 78X Feb. 4 79)6 Feb. 7 50 Jan. 11 50 Jan. 12 3256 Feb. 28 86)6 Jan. 4 87)6 Jan. 3 5056 Jan. 11 5056 Jan. 11 81 Jan. 28 88 Feb. 25 1)6 Feb. 11 2 Feb. 28 110 65 Sale 9)6 Sale 10856 Sale 35 45 40 69)6 S 101 4 O 12)6 V o F A J J Sale 20 17)6 fi" ..... Sale 118 121)6 Sale J O 8 97)6 18)6 Sale Sale Sale Sale 4H* go;d._....._1950 MN D 1951 1960 M S ♦Westphalia Un El Pow 6s__ West Shore 1st 4s guar..... Registered............. 2361 I J 23 J 75)6 Sale J "3.666 Wheeling 5c Lake Erie Ry 4s D..1966 M S Wheel 8c L Erie RR 1st con g 4s.. 1949 M 8 158.000 2,000 67 107 Wheeling Steel Corp 436• ser A..1966 F A White Sewing Machine deb 6s...1940 MN 75 11 :E"hh 10)6 10 75 109 105 121 101 118 109 107 85 Sale 7856 Sale 39 70 91 103)6 69 76 66 3656 Sale 92)6 100 J 12)6 44)6 12)6 20 Jan. 55)6 Feb. 15 61 102 Jan. 24 105 M Feb. 1 57)6 Feb. 28 5156 Jan, 67)6 Jan. 2656 Feb. 6 30 26)1 27 Jan. 25 35 30 Jan. 27 30 12 12 18 4 19 9 Sale Sale Sale 19 IV* 39 70 91 34 97 20 Sale 61)6 Sale Sale 65 H 62 Sale 67)6 Sale 10 Feb. 10 12)6 Feb. 24 109 Sale Sale 92 Jan. 29 Jan. 20 956 Jan. 27 10 Feb. 10 856 Jan. 27 10 14] 9 73)6 Feb. 10 65 11 13 J Jan. 27 Jan. 10 Feb. 23 Jan. 13 11] Jan. 13 Feb. 21 40 34 Feb. 4 Feb. 25 3 Feb. 1 Feb. Feb. Feb. 4 1 4 19 1856 5956 6156 60)6 Feb. Feb. Feb. Feb. 21)| Feb. 64)6 Feb. 5856 Feb. 121)6 Feb. 1 109 J6 Feb. 18 2 108)6 Feb. 23 87 Feb. Feb. Feb. 10956 Feb. Feb. Feb. 25 Feb. 11 Feb. 21 Feb. Feb. Feb. Feb. 18 Feb. 25 Feb. 25 Feb. 2 Feb. 24 Feb. 14 Feb. 2 7 7 4 18 24 Feb. 1 Feb. 2 Feb. 28 Feb. 2 Feb. 15 15 10 9 9 105)6 91)6 100 1456 Feb. Feb. 85M Feb. ni)6 105 Sale 70 13)6 Feb. 21 11)6 Feb. 23 1156 Feb. 4 , Jan. 12 10 . 65 62 Sale -§rr 3 Feb. 10 10)6 Feb. 1 10 Feb. 10 956 Feb. 3 Sale 61 24 66 62 3 12 1056 Feb. 4 1156 Feb. 23 10 Jan. 26 13 Jan. 14 10 Feb. 10 10 Feb. 10 9 Jan. 26 10 Fet. 10 10256 Feb. 21 10356 Feb. 2 10256 Feb. 21 104)6 Jan. 19 Feb. 24 70)6 6556 Feb. 4 70 64 Jan. 14 70 Feb. 24 7856 Feb. 8 82 75 Jan. 28 82 Feb. 8 Feb. 8 Sale 22 Jan. 1156 Sale 17 Feb. 24 Sale" Sale 93 111)6 105 19)6 63)6 66)6 66 10)6 Feb. 10756 10954 10956 105)6 105 10556 105 127)6 12156 123)6 12136 Sale Sale 102 10156 121 118. 11856 Sale 109). 10956 Sale 107 108)6 109 85 M Sale Sale 88 "l9)6 Sale 45 110)6 108 110)6 41 Feb. 52 10 11)6 9)6 105)6 MN ... -16" Sale ♦Assented..— 1953 J 2361 J 108)6 108 Feb. 17 14 Jan. Feb. 2 10956 Jan. Feb. 10 45 Jan. 94 69)6 10)6 Sale 107 121)6 9 40„ Hh 8 9 51 40 28 25 99)6 102] M 55)6 Feb. 15 58)6 Feb. 1 105)6 Feb. 10456 105)6 102)6 Feb. 28 71 34 Sale Feb. 17 10)6 Feb. 9 Feb. 2 109)6 Feb. 24 Feb. 10 41)6 Feb. 5 60 60 94 45 Sale Sale 70 107! 109! 1053 1213 9 108 41 90 52 Sale 66 109! 107! A 72)6 28 70 80 J J 42 10 8 J 40 57)6 Sale 104"" 103)6 Sale A O {♦Wlckwlre-Spencer Steel 1st 7S.1935 J Ctfs dep Chase Nat Bank... 13 13 109)6 110 52)6 Sale Sale 11 12)6 Sale 42 55)6 63 102)6 Sale 94 25 FA 334> series I..........1966 J 5s 84)6 Sale 82 50 43 8 Peno Power 5s series B....1963 M H.........1961 J Gold 5s Sale ~67)6 Sale 34 60)6 A O 1st mtge g 4s series Gold 3256 8256 103 59)6 J I r Western Union 29)6 Sale Sale Sale Prices 76 Feb. 3 80)6 108)6 Feb. 10 109 Feb. 18 2556 26)6 24 107 Feb. 4 112)6 Sale 10456 Feb. 106)6 2856 Feb. 8 32)6 35 28)4 Feb. 8 32 2856 Feb. 8 3256 Sale 78)6 Feb. 4 83 Sale 79)6 Feb. 7 85 Sale 50 Feb. Sale 50)6 50 Feb. Sale 50)| Sale J gold 5s.......1950 Gen mtge 3Hs.... 1967 Maryland 1st g 4s.........1952 Plrst 8c ref 5Hs series A......1977 West N Y 5c Penn Gen gold 4S...1943 {♦Western Pacific 1st 5s ser A...1946 112 L06 31)6 31)6 80 8)6 10 109 56 Sale 45 50 J Westchester Light 1st mtge Sale Ask Sale Lowest J J 5 West 1?!* 25 J J 1st 49-year guar 4s...........1945 Wash Wat Pow 1st ref 5s .1939 West 76 Sale Sale 110 {♦Warren Bros Co deb 6s 1941 M 8 Warren R R 1st ref gu g 3H«— ..2090 F A Wash Cent Ry 1st g 4s 1948 Q V 3Hi.. 107 105 30 30 Highest 109)6 Warner Bros Pictures con? deb 6sl939 M S Wash Term 1st guar 7.000 6,000 6,000 105,000 13.000 8.000 14,000 Ask 3id Sale Sale Sale Sale Sale ♦Certificates of deposit......... 12.000 167.000 Walker (Hiram) G & W deb 4)4s. 1945 j"D 1955 A O 70,000 Walworth Co 1st mtge 4s 6s debentures................1955 A O 15,000 335,000 156,000 77 Lowest Feb. 28 108)6 Sale 30 5s....3993 J {♦♦Wabash RR 1st gold 5a ..1939 ♦Second gold 5s ...........1939 ♦1st lien 59-year gold conn 4s. 1954 ♦Dot 5c Ch Ex 1st g 5a..... 1941 ♦Dea Moines Di? 1st g 4s 1939 ♦Omaha Dl? 1st g 3Hs 1941 ♦Tol 5c Chic Dl? 1st g 4s 1941 {♦Wabasb Ry ref Ac gen 5H» A..1975 ♦Certificates of deposit......... ♦Ref 8c gen 5s (Peb '32 coup) B.1976 ♦Certificates of deposit..... ♦Ref 8c gen IHi series C 1978 ♦Certificates of deposit..... ♦Ref 5c gen 5s series D........1980 Bid 8 5s.................1958 A O 385.000 Virginian Ry,lst 8c ref 356« ser A. 1966 90,000 8 M 1934 J ♦♦Vera Crux 8c Pacific 1st 4)6s 34.000 3,000 47,000 4,000 M Vanadium Corp (Am) con? 5s...1941 A O Vandalla consol * 4s A.........1955 F A Consol 4s Series B............1957 MN 43,000 ♦Vertlentes Sugar 7a ctfs.......1942 46,000 Virginia El & Pow 4s ser A 1955 3,000 Va Iron Coal 8c Coke 1st g 5s....1949 82,000 71,000 Feb. 1 Ask $ "T.Soo RANGE SINCE JAN. Jan. 3 137,000 United Drug Co (Del) Si 1453 6,000 UNJRRSc Canal Go gen li 1944 16,000 ♦{♦United Ryi St L let g 4a 1934 13,000 U S Pipe 8c Fdy con? deb 3)6s .1946 344,000 CJ 8 Rubber let 8c rof 5a aeries*A.. 1947 70.000 ♦United Steel Wka g 6Ha ear A—1951 ♦6 )4» aeries G-32.000 .....1951 22,000 ♦Sinking fund deb 6Ma aer A-.1947 130,000 Utah Light & Trac 1st 8c ft 5e__1944 229,000 Utah Power 8c Light 1st 5s ...1944 93,000 inutilities Pow 8c Ltg deb g 6HI.1947 ♦♦Debenture 5s...............1959 172,000 30,000 PRICES IN FEBRUARY Price BONDS N. Y. STOCK EXCHANGE February Value EXCHANGE—BONDS 94)6 108 89 Feb. 26 108 Feb. 26 Feb. 4 91)6 Feb. 15 92)6 Feb. 4 92)6 Feb. 10 105 101 Jan. Jan. 79)6 Jan. 43)6 Jan. 3 4 10956 31 3 28 26 Feb. 105)6 Jan. 123 1021 Jan. Jan. 10 21 4 12 27 13 116 Jan. Jan. 4 120! 1 110! Jan. 27 10956 Feb. 106 H Jan. 28 108)6 Feb. 23 84 Jan. 26 87 105 Feb. Feb. 4 18 Jan. 17 7 3 Jan. 4 61 Jan. 3 5956 Jan* 21 5 59)6 Jan. 93 M 3 2056 64)6 5856 .05)6 108 85 20 Jan. Jan. Jan. Jan. Jan. Jan. 10 5 27 15 7 12 Jan. 70 12 Jan. 11 Jan. 31 24 9 Feb. IV* 9 63 Feb. Jan. 27 105)6 Jan. 27 11056 Feb. 28 Jan. 3 Feb. 15 Jan. 27 Jan. 4 Jan. Jan. 91)6 Jan. 93 3 6 15 92)6 Feb. 10 44)6 {♦Wlckwlre-Spen St'l Co 7s. Jan 1935 4,000 30.000 44,000 159.000 50,000 Ctfs dep Chase Nat Bank... {♦Wllkea-Barre 5c East 1st gu g 5s 1942 J J 5.000 2,000 "2.666 J O 1960 J J {♦Wisconsin Cent 1st gen g 4s..1949 J ♦Certificates of deposit J Winston-Salem S B 1st 4s. 65,666 65l Sale D Wllmar 8c Sioux Palls 1st 5s..._.193fl J Wilson 8c Co 1st M 4s ser A.....1955 J Con? debenture 3)6* ......1947 A 16)6 6)6 101 & 101)6 100 Sale 556 6 100% 101 98 83 78J6 82)6 10856 109)6 15)6 Sale Sale Sale 10756 13)6 Sale 12 20 8 14 7)6 6)6 9 956 956 82 Feb. 2 4 13)6 Feb. 13)6 Feb. 15 6)6 Feb. 10 84 Feb. 23 14)6 Feb. 5 13)6 Feb. 15 7)6 Feb. 26 82 109 18 Jan. 101$ Jan. Jan. 7] 11 14 4 100] Jan. Jan. 85 Jan. Jan. 109] 15] Jan. 14] Jan. 3 5 8] .Jan. 10 13)6 Jan. 13)6 Feb. 6)6 Jan. Jan. 3 10 4 9 456 ♦♦Sup 5c Dul DI? 5c Tar 1st 4s. 1936 MN .♦Certificates of deposit... {♦Worcester 5cConn East Ry 4 36s 1943 4 13)6 Feb. 1456 Feb. 3 13)6 Jan. 5 Feb. 2 5 Feb. 6)6 Feb. 10 100273*Feb. 23 10133Z Feb. 7 100"«Feb. 3 98 96H Feb. Feb. 21 96)6 Feb. 5 Feb. 21 5)6 Feb. 18 5 Feb. 21 5)6 Feb. 18 Youngstown Sheet 5c Tube— 235,000 1st mtge s f 4s series C.........1961 MN t Accrued Interest payable at sterling. •te of $4.8484 to the £ the ' exchange , 96)6 Sale a the 9856 Sale 99 Sale 97 Feb. Deferred delivery sales, only transactions of current month, and not included in year's range. { Companies reported as being in bankruptcy, •celvership, or being reorganized under Section 77 of the Bankruptcy Act, or securities assumed by such companies. * Negotiability Impaired by maturity. ♦ Bond selling flat. 1 Called for redemption. n Under the rule sales, only transactions of the current month and not included in year'srange. r Cash sales, only transactions of the Current month, and not included in year's range. x Ex-interest. The following cash sales were transacted during the current month and are not included in the monthly or yearly range: e No sales. 3 z 99 The Feb. 28 9656 Jan. 3 100)6 Jan. 20 following deferred delivery sales were transacted during the current month and are not included in the monthly or yearly range: Carlsbad 8s 1954, Feb. 21 at 54. Cologne 6)6s 1950, Feb. 5 at 21)6. Cuba 4)6s 1949, Feb. 28 at 101. Helsingfors 6)6s 1960. Feb. 8 at 104. Lower Austria 6)6s 1944, Feb. 3 at 99. Nord Rys. 6)6s 1950, Feb, 25 at 96)6. Rumania 7s 1959, Feb. 17 at 2756. Tyrol Hydro Electric 7)6s 1955, Feb. 19 at 90. New York Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF STOCK PRICES DURING FEBRUARY 1938 Stock Sales 1937 1938 February Shares> 14,526,094 — 38,678,025 Jan. 1 to Feb. 28-... In accordance with a ots except in the case of rule of the Stock Exchange, effective Oct. stocks which sell only in 1938 1937 $127,593,000 293,503,000 $285,459,000 628,146,000 Bond Sales February 50,248,010 108,919,426 Jan. 1 to Feb. 28 3,1915, all stocks are now quoted dollars per share. Prices are on a basis of 100-shar small way. a 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 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 tho range for the year. AGGREGATE ■ SALES . i February i Share* Par 1938 3,400 Abbott Laboratories.....—* \Dmham St Straus "2",500 19,300 1,500 2,400 2,500 20,800 4,800 44,400 \dams Express ......* 4,300 Adams MUlls ...........* 7,800 Addressograph Multlgraph 10 4,500 Advance R umelr— 43,200 Air Reduction Inc..... ....* 24,700 Air-War Rlec Appll Corp... Alabama Ac Vicksburg Ry.100 Steel 25 Co .... 72",100 215,966 17",600 50,766 Juneau Masaa Gold Mln.10 Feb. 1 Ask Bid 37*4 43*4 43 % Sale 8*4 Sale 19 Sale 20 Sale A* 49 1 Bid 37*4 * .... *T605 Acme 1 Price Jan. 3 N. T. STOCK EXCHANGE 1,300 RANGE SINCE JAN. PRICES IN FEBRUARY STOCKS Since Jan. 1 Shares In , a \X Sale Sale 72 11*4 Sale 33 37 X 40 41*4 Sale 9X Sale 21* 4^ Feb. 28 Ask Bid a2(?^ Sale Sale Sale Sale 33 36 9*4 20 X 21*4 2 52 X IX Sale 66 12*4 Sale Ask UN Highest Sale Prices Highest Sale Prices Sale Prices 36X Feb. 4 39X Feb. 23 36X Feb. 4 39% Feb. 23 Feb. 3 36 Feb. 3 52 8X Feb. 4 41X Feb. 1 10% Feb. 23 8X Feb. 4 ION Jan. 10 18 19 3 x20% Jan. Jan. 6 23 20 40 44 X Sale 36 Sale 19 Feb. Feb. 20 Feb. Feb. 24 22 X A* Sale Sale 60 Lowest Lowest Sale Prices 72 Sale Jan. JanT'li IX Feb. 45X Feb. 23 19 X Jan. 1 % Jan. 23 Feb. 25 45X Feb. 4 3 Feb. 3 58 X Jan. Feb. 2 Feb. 1 Jan. 3 IX Jan. 10 7 11X Feb. 25 13 % Feb. 2 10X Jan. 6 13*4 Feb. 2 Feb. 25 IX Jan. 7 12 12 12 1 Feb. 1 2 24 Albany & Susquehanna..100 800 26,900 tilled Chem Ac Dye.... 5 2,400 Allied Kid Co * 20,400 Allied Mills Co Inc 110.600 Allied Stores Corp.........* 3.600 5% preferred ......100 145,800 Allis Chalmers Mfg ........* 800 7,500 700 5,200 330 11,200 300 1,800 10 5,100 11,800 17,700 190 440 26,900 9,900 50,600 6,300 5,300 4,700 2.800 9.300 1.000 2,600 3,100 11,900 17.200 6,000 4,300 26,500 2,300 6,200 8,300 »1,700 14,300 63,800 700 6,100 14,100 1 9,600 44,300 I - 44.800 13.300 11,000 95,300 6,100 2,900 3,000 1,290 85,300 1,800 1,600 160 68,400 2,100 1,600 1,400 400 69,800 4,300 19,700 2,900 9,500 36,900 400 6,100 10,600 31,500 ....20 Amer Crystal Sugar Co 10 100 6% 1st preferred Amer Encaustic Tiling.....1 300 preferred A......—...* $6 preferred.....-..—..—* Am Hawaiian Steamship...10 American Hide At Leather .. 1 ......50 6% preferred... Amer Home Products—.....1 American Ice 0% Amer * —.— preferred—.—..—100 internat 7.* 159,£ 8 *4 12 *4 6 *4 47 46 X Sale 21N Sale Sale 240 0% Conv preferred—...100 . . ............100 American Stores...———* i% preferred..—.......100 American Type Am Wat Founders...* Wks At El Preferred Amer Zinc, ... • ..100 Lead Ac Smelt...1 $6.50 For footnotes see page 40. conv 171 Feb. 26 156 Feb. Feb. 9 17 8 14 Feb. 23 11 Feb. 23 Feb. 25 42 Feb. Jan. Jan. Jan. Jan. Feb. 23 38 Feb. Jan. 11*4 Feb. 2*4 Jan. 18*4 Feb. Jan. Sale 42 Feb. Sale 38 Feb. 47 Sale 11X Feb. 2*4 Feb. 18X Feb. Feb. 7 49 Sale 40 122 Sale Sale 165 Sale Sale 40*4 Sale 48 Sale Sale 130 25 6 *4 Sale k Sale 80 5)1 176 87 Sale 8 14% Feb. 2*4 Feb. 20 Feb. 72 X Feb. 63 Feb. 92 Feb. Feb. 57 55 31X Feb. 163 7054 Jan. 8 15 Jan. Feb. 8 19*4 Feb. i Jan. 12 Feb. Jan. 15 12*4 Feb. 89*4 Feb. i Jan. i Jan. 17 24 Feb. 25 37 12 X Feb. 89*5 Feb. 97 Jan. Jan. I Feb. 2 ] Feb. 23 120 98*4 Jan. Feb. Jan. Feb. Feb. Feb. 76 Jan. Feb. 24 I Jan. 3 L63 Feb. 19 X Feb. 37 Feb. L20 11 11 12 Feb. 21 Jan. 49*4 Jan. 30*4 Jan. Feb. 52 6*4 Jan. 11 15 % Feb. 97 Feb. 104 Feb. Feb. 95 300 mm 25 19 X Feb. 7 19 6*4 mm Sale 1 8 8*8 Feb. 21 13X Feb. 23 14% Feb. 25 8 80 Feb. 9 4% Feb. 3 5 Feb. mm mm — \XA Sale Sale 6*4 Feb. 10X Feb. 13 X Feb. 78X Sale 78 3X Sale 9 4 172 3 Feb. 19 3*4 Feb. 4 5 3 Jan. 3 Sale 18 Sale Sale 9 Sale 3 3% Feb. 16 X Feb. 11 4 7X Feb. Sale 12 Feb. Sale 10 Feb. 3 1 3 8*4 Sale 10*4 cM* 3*4 Sale 22 24 33*4 Sale IN 230* 35 Sale iF 15 6 Sale Sale 3*4 Sale 4 Sale 30 119 101 26 *4 J2?* 5*4 Sale 38)1 Sale 30 Sale 12*4 Sale 157 165 Sale Sale 3 20 Feb. Feb. Sale 34 X Feb. IX Feb. Sale 16 15*4 Feb. 5% Feb. A* 3 3 1 3 4 Sale 16*3 Feb. Sale 56 Feb. Sale 12 % Feb. 4 3% Feb. 3 at* Sale 29 Feb. Sale 25 4% Sale 22 25X Feb. It* iFH Sale 71. Sale Sale 18* 65 Feb. 23 Feb. 17 X Feb. 68 X Feb. 18 Feb. 3 Jan. Feb. i Jan. 13 Jan. 13 ] Jan. Feb. 12*4 Feb. 3*4 Jan. iJan. I Jan. 17 Jan. 12 Jan. 26 28 23 23 14 25 Feb. 25 Feb. 25 Feb. 23 12 11*4 Feb. Feb. 23 Jan. Jan. Jan. Jan. Jan. 44*4 Feb. 50*4 Feb. 131*4 Feb. 9 Feb. 9 4 Feb. 23 51 Sale Sale Sale Sale Sale Sale 109*4 Sale 16*4 18*4 117*4 18 X Sale Sale Sale 144 60 *4 Sale 3 9*3 Feb. 26 1 26 X Feb. 4 110 Feb. 22 X Feb. 31 Feb. 23 10*4 Feb. 9 Feb. 17 30 121 4 140*4 Feb. 23 127X Feb. 62*3 Feb. 21 65*4 Feb. 2 Sale Sale 66 Sale 65 X Sale 139 Sale 139 X 138X Feb. Sale Sale Sale Sale Sale Sale 88 Sale 80 Sale 78 Sale 64 Feb. 5*3 8*3 4 Sale Sale Sale Sale Sale 32 Sale 38 Sale 40 Sale Sale Sale Sale 27 X Feb. 36 Feb. 18 Sale 15*4 Feb. 105*4 Feb. 8 35*3 Feb. 35*4 Feb. 23 41*3 Feb. 23 18 107 ' Feb. 23 Feb. 18 11 12 17 9 Jan. Feb. Feb. 23 Jan. 10 Jan. 18 25 Jan. 11 Jan. 127*4 Feb. 60*4 Jan. 63*4 Jan. I Feb. 28 i Jan. 17 Jan. 10 Jan. 10 , Jan. 11 I Feb. 15 iJan. 21 iJan. 12 Jan. 17 Feb. 23 7*4 Feb. 23 12 Jan. 22*4 Feb. 8*4 Jan. 77X Feb. 21 5*3 12 Jan. 50*4 Jan. 130 Jan.. 14 139*4 Feb. 15 7 Feb. 25 10*4 Feb. 23 3 Feb. 8 Feb. 76 Feb. 14 3 4% Feb. 3 27*4 Feb. 6*2 Feb. 3 28 *4 Sale Feb. 69 15 15 Jan. Feb. 113*4 Feb. 28 108*4 Jan. 17 Jan. xl7X Feb. 28 17 X Feb. 16 Sale Jan. 11 Jan. 9 133 X Jan. 17 10 28 Feb. 128 iM 12 12 Jan. 66 121 Sale Jan. 28 Feb. 15 Feb. 23 Feb. 23 Feb. 28 101 Feb. Feb. 25 4 preferred-.—..* 18 26 22 Feb. X Feb. Sale Jan. Jan. Feb. 44 15 Jan. Feb. Feb. 3 Sale ilH Jan. 4 Jan. 48 $ 103 25 10 12 25 17*4 Feb. Sale 4 Feb. 24 44 X 80 29 Feb. 28 I Jan. 11 I Feb. 23 Feb. 4 ill8 $ 56 ! 14 Feb. 26 4 Feb. 20*4 14 Feb. 25 33*4 Jan. 1*4 Jan. 15*4 Jan. 5*4 Jan. 16*4 Feb. 13*4 Feb. 25 8 4*4 Feb. 35*4 Feb. 23 Feb. j Jan. ' 20 Feb. Sale ; Feb. 25 17 22 18 10 28 ¥ 16*4 Jan. 7*4 Feb. Jan. Jan. 21 Sale Sale i Jan. 13 i 28 Sale 50 Jan. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 11 131 Jan. 3*4 22*4 36*4 2*4 17*4 7*4 23*4 29 51 Feb. 3 18 Sale 133 X 5 Jan. Sale 125 12 Feb. 10 124 18 10 29 129 12 Jan. 'Jan. i Feb. 17 3 4 UA* 49 Jan. Feb. 3*4 Jan. 78 165 Sale 17 [ Feb. 7 I Feb. 21 i Jan. 15 11 11 % Feb. Sale 66 Jan. Feb. 169 X 18 6 10*4 Feb. 13*4 Feb. 12 115 17U Sale 19*4 Feb. Feb. 25 19X Feb. 25 Feb. 26 4 25 10*1 Feb. Sale 3 8 Feb. 25 4 Feb. Feb. Sale 4 26 103 7 177 Feb. Sale 15 X Feb. 300 3 Glass Corp* Anchor Hocking 8 Feb. 23 11X Feb. 14*2 11 7*4 Feb. 55 93 10 19 12 11 12 57 97 Feb. Jan. 24 Feb. 23 Feb. 2 Sale Sale 95 17 17 10 14 16 18 Feb. 13 X Feb. 15 X Feb. 12 8 22 Sale Jan. Feb. Sale 150 Jan. 12 11*4 Feb. 6*4 Feb. 13 H Sale 163*4 48 Amer Steel Foundries......* $5 prior conv prsf—.....25 Anaconda Copper .——50 * 6.000 Anaconda Wire Ac Cable 167 Sale 12 Jan. Jan. 11*4 Jan. 25 Sale Sale 78 30 ri3.700 80 33 125*4 Sale Jan. Jan. Jan. 25 Feb. 14 53*4 Sale Jan. Feb. 14 Sale Sale 13] 15] 7] 154*4 15 Feb. Feb. Sale 60 55 13 123*4 si* Feb. Jan. Jan. Jan. Jan. 12 19* 70* 58 X Sale American Metal............* $6 1st preferred..........* 7.800 2*4 Sale r20*4 Sale 12* American Woolen..........* 1,700 3.600 Sale Sale 700 347",565 12 48 X Sale 1.400 Amer Sumatra Tobacco.....* 133.500 Amer Telep At Teleg—100 9,300 American Tobacco...—...25 Class B—— 25 37,700 25.600 55 Sale asx Sale 7X Sale 13 5.400 American Sugar Refining. 100 Preferred ...100 2,800 134.700 1.000 362.700 42 X Sale 63 Preferred 16 Sale Sale .......100 Am Mach Ac Amer \iH Sale Foundry..—...* Machine At Metals..—* Preferred Sale Sale 18 60 ......... - 5,000 31,100 127,400 13*4 15 Sale 8*4 Sale 9*4 Sale Sale 49*4 Sale Sale 17,>4 19 Corp.....—* Amer Locomotive 90,200 American Rolling Mill.....25 11,200 4*4% conv preferred—100 L 5,500 Amer Safety Razor......18.50 7,700 American Seating Co—. _.* C*6,100 American Ship Building....* 204,200 Amer Smelt At Refining, —* Preferred ........,184 2,500 3,200 American Snuff ———-25 320 6% preferred...........100 127,500 7,200 14 15 11 Sale 1 IX Feb. 11*4 Feb. 20 Power..—.—* $7 preferred— 2d 13 Sale Alleghany Am Com Alcohol Am Ac Foreign IX Sale Sale 15 13 Colortype—....10 4,640 American News Co new... 135.500 Amer Power At Light—....—* $6 preferred 26,000 ...... * $5 preferred...—... —* 31,600 179.400 Am Radiator Ar Stand San..* 60 31",256 ' 11 County, N J....—.....25 American 500 Am European Securities * 10 American Express Co ..100 100 14J00 "l"640 of Co Coal Am 10 2,300 5,500 8,400 6,300 27,100 2,900 5,600 2,800 15,000 13 ........ 510 17,300 1,000 16,800 2,400 19,500 . 1*4 Sale 8.000 Alpha Portland Cement • 13,100 Araalg'mLeathe>Cos,IncNewl 1,800 6% cum preferred.. 50 22,100 Amerada Corp....... 3,100 Amer Agric Chemical (Del) 23,600 American Bank Note......It 1,270 6% preferred............50 23,400 Am Brake SAP 770 5*4 % conv preferred 100 38,400 American Can...........-26 Preferred. .....——lOt 1,300 * 35,400 Amer Car Ac Foundry.... Preferred 100 4,600 41,000 American Chain Ac Cable.. 400 5% preferred...—......100 2,600 American Chicle.........—* 1,900 6,100 V ..... 24,600 2,200 Pref series A $30 ex-war .100 1,300 $2.50 prior conv pref.... 4,500 33,200 Alleghany Steel .........* 1 7.000 Allen Industries Inc 9.900 1,300 1,100 13,300 1,300 11,100 1,900 4,800 35,300 2.300 63,100 Corp Pref series A $30 warr'ts .100 Pref series A $40 warr'ts 100 Allegheny 20 j Jan, 12 Feb. 23 4*4 Jan. 34 Jan. 27*4 Feb. iJan. 10 Jan. 10 I Jan. 11 Feb. Jan. 15*4 Feb. Jan. 11 15 i Jan. 3 36 103 Jan. 32 N. Y. STOCK EXCHANGE—STOCKS AGGREGATE In February Share* 500 100 SALES 1938 40 """900 50,300 6,000 Preferred... 2,200 3,300 ........... 100 2,600 Armour (Del) 7% pref 100 131,100 Armour of Illinois .....5 8,800 $6 convertible preferred..* 300 12",300 14% 3% Sale Sale 65 96 Sale 7% preferred...........100 35.700 Armstrong Cork Co........* 5,400 Arnold Constable Corp.....5 8,900 Art loom Corporation ....* 28 42*266 Associated Dry Goods......1 900 6% 1st preferred.......100 7% 2d preferred........100 300 " '*"'706 i",66o 320 132,500 12,200 36,900 4,100 5,000 53,600 3,800 26,900 6,300 3,600 70 78 5% pref with warrants.. 100 5% preferred ex-warr .100 59,700 7,900 17,800 1,100 1,700 24,900 Sale Associated Investment Co..* 260 20 2,200 10,700 2,400 1,500 330 4,100 4,100 600 100 17,500 40 28 120 98 96% Feb. 5 5% Feb. 28 J* 6% Feb. 23 4 4 4% 30% Feb. 6% Feb. 3% Feb. 4 34% Feb. 23 7% Feb. 25 4% Feb. 25 7% 6% Feb. 4 7% Feb. 23 7 Sale 80% 55 66 Feb. & 32 32 74 72 32 63 Feb. Feb. 77% Sale P Sale 25% Sale 100 Sale At) GfcWI SS Lines 5% preferred...........100 Atlantic Refining..... 25 4% conv pref series A...100 Atlas Corp 6% preferred............50 Atlas Powder. >0% 33% Sale Line RR Feb. 28 3% Feb. 24 29% Feb. 24 44 100 Coast 1 46 50 5% preferred...........100 Atchison Top A S Fe Atlan Feb. Sale Prices 14% Feb. 2 Feb. 10 Highest Sale Prices 19 Jan. 11 Sale Prices 12% Jan. 5 3% 3% Feb. 24 25% Jan. * 6 30% 119 Jan. 6 120% 95 Jan. 4 100% 6% 5% Feb. 28 Feb. 28 72 90 Jan. 30% Jan. 12 28 39 6% Jan. 3% Jan. 44 Feb. 24 Jan. 13 Jan. 14 Jan. 18 Jan. 10 Jan. 12 94% Jan. 31 Jan. 12 5 3 7% Jan. 21 5% Jan. 13 6% Jan. 3 8% Jan. Feb. 7 85 Preferred..............100 "8", 700 13% Feb. 3 3% Feb. 24 26 ■ Archer Daniels Mid.........* Lowest Highest Sale Prices Bid 3,900 Andes Copper Mining Co..20 100 A P W Paper Co.... Lowest Feb. 28 Feb. 1 Par 2,900 1 Price Jan. 3 Shares 1,400 RANGE SINCE JAN. PRICES IN FEBRUARY STOCKS N. 7. STOCK EXCHANGE Since Jan. 1 Sale Sale Sale Sale Sale 114 ..... 450 5% preferred...........100 7,000 Atlas Tack Corp * 25,300 tAuburn Automobile...... 1,900 Austin. Nichols Sc. Co 370 $5 prior A....... 77,600 Aviation Corp (Del) The....3 Sale* it* ..... ......... 66 6 Sale Sale 7 10% 12% 23% Sale 106% 110 7% Sale 40% 45% 116% 119 8* 6 4 2% 17 Sale Sale 3 18 Sale 3% Sale Sale Sale 7 68 Feb. 4 Feb, Feb. 1 Feb. Feb. 24 Feb. 15 Feb. 25 Feb. 26 Feb. 25 60% Feb. 20% Feb. 5% Feb. 9 20% 104% 7% 39% Feb. 23 Feb. 15 Feb. Feb. Feb. Feb. Feb. 42 Feb. 24 Feb. 26 Feb. 21 Feb. 16 Feb. 110 Feb. 21 Feb. 24 Feb. 1 Feb. Feb. Feb. 5 4 Feb. 18 2% Feb. Feb. 2 6% Feb. 3% Feb. Feb. 2 Feb. 9 66 "32" Feb.' 69 35 Jan. Jan. 72 42 Jan. 60% Feb. 72 Jan. 27) Jan. Jan. 20% Feb. 5% Jan. 9 Feb. 20 Jan. 104% Feb. 42 12 11 107 43* Feb. Jan. 48 115 m Jan. Feb. 10 Feb. 4% Jan. 3% 2% 16 3% Jan. 22 12 14 Jan. 7% Feb. 39% Feb. 105 10 80% Feb. 24 Feb. Jan. Feb. 74 72 32 12 12 21 Jan. 8 Jan. 10 11 Jan. Jan. 11 Feb. 21 Jan. 12 12 19 25 10 Jan. Jan. Jan. 20% Jan. 4% Jan. Jan. Baldwin Locomotive Works .* Assented 72,500 56,100 11,900 300 470 53,000 2,600 130 10 112 1st preferred...........100 9,600 Belding-Hemingway 4,100 20,700 7,000 3,500 236,800 5,400 3,900 2,900 5,300 15,400 86,500 16,000 13,200 739,400 11,900 10,600 6,400 10,300 37,400 Best & Co • Bethlehem Steel Corp (Del).* 5% preferred............20 7% preferred. .......100 Blgelow-Sanford Carpet Inc * Black Sc Decker Mfg Co Blaw-Knox... * 20 94,700 1,900 304,400 Boeing Airplane Co .....5 5,700 Bohn Alum Sc Brass Corp 6 1,900 18,100 26,800 5,500 ......... 1,680 4,100 46,600 64,600 8,000 2,100 500 3,100 1,900 5,400 19,400 4,100 5,900 200 2.400 7,300 3 % 96,800 96,900 30,100 221,000 1,300 1,200 "3"600 280 1,500 10,300 170 600 8% Sale * ._.* Burlington Mills Corp......l Burroughs Add Mach • 22% Sale 3% 4 "17" Sale 8% Sale 21% Sale 28 Sale 29% 32% 1% Sale 6% 7% 9% Sale Sale lit 4 18% 8% Sale 7% Sale 75 4% Sale 40 46 3% Sale 26% Sale 15% Sale 7% Sale 17 Sale Sale 2 7% Sale Pref ctfs of deposit 100 conv preferred.......30 Butte Copper Sc Zinc. ..5 Byers Co. • Parttc preferred .....100 .... ................. Byron Jackson Co..........* 18 3 19 3% 8% Sale 36% 15% Sale 30% 19 Calif Packing Corp.. 5% preferred 12% Sale 7% Sale 50 Callahan Zinc-Lead ...1 Calumet Ac Hecla Cons Cop .5 Campbell W 3c C Foundry...* Canada Dry Ging Ale ...-5 Central RR of N J........100 6,400 Central Violeta Sugar Co..19 1,300 Century Ribbon Mills. * 130 Preferred.............. 100 ..... Sale 47% 52 1% Sale 6% Sale 10% Sale 13% Sale 37% 48 7% Sale 29 Sale 4% 5% 36% 45 90 14% 4 80 20 Sale > Sale i 98% Sale 47 Sale 99% 100% 14 Sale 5% Sale 42 12% Feb. 34 Feb. 92 19 Feb. Sale Sale 20 62 Sale 3% Sale 56 28 Sale 40 Sale 8% 77 5% 47% 4% Sale Sale Sale Sale 80 17 Sale 19% Sale 32 11* 3% 87 L02 88 95 3 4 7% Feb. 7% Feb. 3 4 Feb. 18 4% Feb. 3 Feb. 3 4% Feb. 25% Feb. 4 4 16 7 3 8 16% Feb. 2% Feb. 7% Feb. 3 3 3 2 Feb. 4 3 Feb. 8% Feb. Feb. Feb. 4 Feb. 4 Feb. 97 3 7% Jan. Feb. Feb. 82 Feb. Feb. 10% Jan. 16% Jan. Feb. 29 Feb. Feb. 50% Feb. Feb. Feb. 3 Feb. 10 Feb. 23 Feb. 26 Feb. 9 Feb. 25 Feb. 25 Feb. 10 Feb. 23 Feb. 23 Feb. 23 Feb. 26 Jan. 7% Feb. 7% Jan. 13 11 24 3 41 Jan. 10 Jan. 9% Jan. 81% Jan. 6% Jan. 54 5 31 2 Jan. 3 7 Jan. 3 6% Jan. 19 3 Jan. Feb. 8% Jan. 36 Feb. 15% Jan. 19 Jan. Jan. 10 10 11 12 11 Jan. 26 Feb. 23 25 Feb. 10 Feb. 21 Feb. 16 Feb. 24 Feb. 25 Jan. 6% Feb. 29 Jan. 4% Feb. 3% Feb. 14 92 18 18 55% Feb. 7 62% Feb. 26 27 2 28 4 Feb. 9 Feb. 23 2 23 21 24 19 Jan. 98% Jan. 39% Feb. 100% Jan. Feb. 23 Feb. 3 Feb. 11 104% Feb. 3 Feb. 11 Feb. 3 Feb. 7% Feb. Feb. 28 4% Feb. Feb. 24 103 Feb. 4% Jan. 11% Jan. 36% Jan. 19% Jan. 10 79 17 23 6% Jan. 76% Jan. 15% Jan. 102% Feb. Jan. Feb. Jan. Jan, Jan. Feb. Jan. 18 10 11 15 Jan. 10 Feb. 23 Jan. 11 8% Jan. 10 36 Jan. 15 oZK Feb. 25 Jan. 28 86 Jan. 17 18 Jan. 11 4% Jan. 12 97% Jan. 20 109 Feb. 16 55% Jan. 10 102% Feb. 25 Jan. 12 19 44 A§* 94 25% Jan Jav, 12 7 55% Jan. 62% Feb. 26 26 28 Jan. 3% Jan. 100% Feb. 9% Jan. 6 Jan. 4% Feb. 95 Jgn. Jan. 4% Jan 105 11 !M 103 Jan Jan. 3 12 25 10 Jan 10 Jan 20 Feb. 19 For footnotes see page 40. 12 8% Feb. 25 24 49 2 13% Jan. 11 20 16 22 1% Jan. 10 8 12 3 11 2 7% Feb. 25 109 50 Jan. Jan. 10 27 Jan. 12 Jan. 11 Feb. 26 Jan. 10 Jan. 15 Jan. 17 12% Jan. Feb. 26 22% Feb. 100 13 Jan, 21% Jan. 15 4 4 13 13 18% Feb. 25 2% Feb. 24 8% Feb. 24 Feb. 3% 100% 9% 6% Jan. 20 9 Feb. 23 10 2% Jan. 9% Jan. 20 8% Feb. 25 13 11 20 13 20 8 Feb. 4 96 39% Feb. 100% Feb. 14% Feb. 3 3% Jan. 3 24% Jan. 3 15% Jan. 27 17% Feb. 25 81% Feb. 6 3 3 7 12 12 37 4% Jan. Feb. 22M 16% Jan. 26 Feb. 26 9% Feb. 26 80% Feb. 101% Feb. 13 19 28 13% Jan. 18 49% Feb. 3% Feb. 17 17 34 3 Feb. 37% Jan. Feb. 4 25% Feb. 49% Feb. 18 Feb. 16 10% Jan. 26% Jan. 30% Jan. 30 1 Feb. 35% Jan. 11 6 13 1% Jan. 6% Feb. 8% Jan. 40 20 10 7% Jan. 78 15 Jan. Jan. Jan. 19% Jan. 35 Jan. Jan. 11» 50* 4% Jan. 14% Jan. 27 1 12 5 18% Feb. 15% Feb. 24 19% Feb. 23 18 4 Feb. *6% Feb". '18 "7% "Feb". 108 % 3 Jan. Feb. 21 % Jan. 16% Feb. 44 4 5% 97% Jan. Jan. Jan. Jan. Feb. 25 19% Feb. 23 22% Feb. 23 16% Feb. % 12 44) 28 3 3 77 104% Jan. Jan. 11% Feb. Sale 100 Sale Jan. 23 9% Feb. 23 Sale Sale 104 30 92 17% Jan. 21% Feb. Feb. 24 Feb. Feb. 12 5 25% Feb. 4% Feb. 2 Feb. 17 11 15 23 28 28 3% Feb. 8 10% Feb. 23 7 ll'i 28 3 3 3 Feb. 10 7 26 9 2b 21 3 33% Feb. 4% Feb. 3 3 4 14 7% Feb. 6% 45 4 103% Feb. 3 8% Jan. 16 83 Jan. 3 14% Jan. 11 35 3 23 Feb. 15 Feb. 23 10% Jan. 12 Jan. 19 30 16% Feb. 23 12% Jan. 13 115 Jan. 31 17% Jan. 13 96% Jan. 17 4 14 13% Feb. 18% Feb. 22 11 Feb. 20 Feb. 8% 9% 80 5% 49% 4% 31 19% 11 Jan. 98% Jan. 89% Jan. 20% Feb. 12% Feb. 11% Jan. Feb. 39 Jan. 34 92 19 65% Jan. 16% Jan. 4 19% Feb. 10 Sale Jan. 14% Feb. Feb. 88 Feb. 4 49% Feb. 25 1 1% Feb. 15% Feb. Jan. 30% Feb. 21 2% Feb. 14 8% Feb. 18 11% Feb. 14 34 Feb. 16 25% Feb. 15% Feb. 38% Feb. Feb. Feb. 12 15% Jan. 92% Feb. 50 31] 27] 29% Feb. 1% Feb. 6% Feb. 9% Feb. 40 3 5 Feb. 48 28 78 8 Jan. 15 20 28 3 10% Jan. 110 Jan. 48 57% 27 27% 3% Sale 4 8% Feb. 30 16 18* 55% L04 4 20% Feb. 26% Feb. 3 Sale 43% Sale 101% Sale 15% Sale 21 Feb. 21 16% Feb. 7 7% Sale 77 17 3 21 Feb. Feb. Feb. Feb. 44% Feb. Feb. 21 12% Feb. 7% Sale 12% Sale 16% Sale 5% 37% 14 19% Feb. 1% Sale 34 Sale 18% Sale 2% Sale 8% Sale 20 Sale 47% 52 40 Feb. 17% Feb. 21% Feb. 10% Sale 13% 15% 7% 7% 19% Sale 3% Sale 9% Sale 10 17 28 27% Jan. 13 10% Feb. 23 5 Feb. 24% Feb 15% Feb 13% Feb _ Sale 1% Sale 7% Sale 9 Feb. Feb. 12 30 7% Sale 17% 2% Sale 8 9% 20% Feb. 12% Feb. 11% Feb. Feb. 9% Feb. 30 95 40% Feb. Sale 17 Feb. 44% 29 92 20% Sale Sale 4% Sale 90 Sale 8% Sale 84 7% debenture.........100 iBush Term Bldgs—• 5% 4 86 8% Sale 23% Sale 29%. 30% 30% Sale 31 35 {Bush Terminal Go.........* Butler Brothers...........10 3 16 88 38 Watch Bullard Co Feb. 25% Feb. 25% Feb. 17 34 Wheel 8 28 Brown Shoe. Inc. ......* Bruns wlck-Balke-Coll ......* Bulova 14% Feb. 27% Feb. 13% Feb. 10% Feb. 5 IZS/* 62 Sale 15% Sale Budd Feb. 3 7% Jan. 9% Jan. 30 Jan. 86 Jan. 14% Jan. 8 Jan. 14 42 18% Sale .. ,2,400 Sale 26 93 preferred class A.....10 10 200 Car Clinch F Ac Ohio Ry..l00 700 90 26' $4 preferred series A......* Brooklyn Union Gas........* 4,200 Carpenter Steel Co.........5 7,000 Carriers Sc General Corp....l 100 42,100 Case (J I) Co....... 1,880 7% preferred...........100 * 42,800 Caterpillar Tractor.. 5,200 5% preferred...........100 60,400 Cetanesa Corp of America.. * 200 7% prior preferred 100 8,900 Celotex Co 560 5% preferred..........100 4,500 Central Agulrre Associates.* 38,300 Central Foundry Co.—.1 280 Central 111 Lt 4%% pref.. 100 1,100 Sale Bklyn-Manhattan Transit ..* 1 1,700 3,100 19,800 1,010 22,100 1,900 23,600 19% i:B. 'v. 25 90,800 Canadian Pacific SAOO Cannon Mills..............* 3,000 Capital Admin Co Ltd c A..1 '""loo Sale 30 20 Canada Southern Ry Co.. 100 29~606 M Sale Brooklyn Sc OueenS Transit.* $6 preferred..............* 200 16,800 28,800 10,000 105,400 39% Bristol-Myers Co...........5 480 200 w* 86 Sale 8% Sale 19% Sale 22% 26 Budd (E G) Mfg...... Preferred 7%..........100 2,200 5,900 16II 30 89 Bridgeport Brass Co........* Briggs Manufacturing. .....* Briggs Sc Stratton • 91,600 4,390 34,200 22,100 9,100 24,400 28,500 11,100 3,100 830 a* 40 23% Sale Sale 13% Sale 64 Sale 40 32 Boston Sc Maine.........100 18,600 1,380 8,500 12,300 2,900 10,000 10,100 1,300 14,700 5,200 33,100 21,300 1,570 6,600 20,800 fii 11% Sale 17% 15% MM .....10 90 7% Jan. 10% Feb. 3 16% 7 12% Sale 12% 112 Feb. 25 112 110% 115 16 Feb. 3 16% Sale 17 4 94% 106% 92% Feb 92% 30% 42 103% Sale 166"" Feb". 1103% 8 Sale 3 8 7% Feb. 82 Feb. 16 82 84% 82 Sale 12% 11% Feb. 13% Sale 16% Feb. 18% Sale 39 40% 32% Feb. Sale 58 50% Feb. 60% Sale 9 14% Feb. 15% 94 24)4 .5 Bucyrus-Erle Co.. Feb. 10% Feb. 3 8 14 1 " Sale 92 22 14 Borg-Warner Corp 7% preferred........... 100 160 14% Sale 15 50 95 Sale 9 8% 29 30 15% Sale 90% 31 3 - Borden Co.(The). 240 6,400 2,100 8.800 5,600 Sale 39 12 % tBotany Cons Mills A.; 33 7% Feb. 8% Feb. 9% Feb. igS Sale 58 ..._1 Class B_. Bond Stores Inc. 80 900 Sale 29 22)4 85 % 5.800 Bower RoUer Bearing Co..17 61,500 71,500 2,400 5,500 8,700 31,300 72,200 13,200 21,000 1,200 10,200 24,300 Sale ....* 800 Bon Ami class A...... "l",766 18,100 22,800 Sale 85% Bendlx Aviation Corp 5 Beneficial Indus Loan Corp.* Sale . 42 97 * 290 Bloomln gdale B ros * 30 Blumenthal Sc Co pref.... 100 270 300 850 Sale 200 Belg Nat Rys part pref... 100 115 Sale 15% Beech Creek RR Co.......50 Beech-N u t Packing....... 20 "MOO Sale Sale Sale 29 Sale Sale 32 10)4 4,400 Beatrice Creamery........25 600 $5 preferred w w_.._...__* """600 12 Sale 28 Sale ....... 100 10% Sale 9% Sale Sale Sale 34,600 Barber Co Inc.............10 6,800 Barker Bros.. 710 3)4% preferred..........50 5 115,900 Barnsdall OH Co 5,300 Bayuk Cigars Inc .....* 1,700 Sale 90 700 Bangor Sc Aroostook-.....50 150 5% con? preferred......100 60 17,900 3,200 Sale Sale 35 V t c when Issued...... 13 142,500 223,300 Baltimore Sc Ohio. ....100 44,400 4% preferred 100 \ MARCH, 1938] AQGREQATE N. Y. STOCK EXCHANGE-STOCKS SALES 33 RANGE SINCE JAN. PRICES IN FEBRUARY 1 Price In Since February Jan. 1 Shares Shares 25,800 20,300 4,520 60 .......... 6,800 43,600 500 200 800 ; 2,500 2,000 50 1,200 6,700 12,100 8,900 2,200 10,500 6K ......100 26 103 K 28 6% 42 K 33 K 89 K 2% 1 3K 2)4 11 K 1)4 IK 3K 9K 5% preferred...........100 28,800 {Chicago Ac North West..100 7,300 Preferred ..100 26,600 Chicago Pneum Tool _.* 1,600 6,800 4,700 5,500 1,700 9,100 15,320 2,300 1,100 1,900 200 4,400 6,320 550 36 )4 41,800 800 257,300 4,700 Pref series A 1,600 {Chic 8c East III RR 100 3,500 0% preferred 100 7,900 {Chicago Great Western.100 16,100 4% preferred...... ..100 80 {Chic Indlanap 8c Louis pflOO 5,700 Chicago Mall Order Co ..5 24,000 {Chic Mil St Paul 8c Pacific.* 400 $3 preferred........* {Chic Rock Isl 8c Pac 100 7% prefferred ...100 6% preferred —100 _....* Chicago Yellow Cab Cbickasha Cotton Oil.....10 12 K ChildsCo 950 6)4 % preferred.........100 10 City Investing Co........100 5,600 City Stores ......5 7,100 Clark Eouipmenf * 10 K 2M 9)4 103 Sale 8)4 Sale Sale 90 K IK 3% 1K Sale 5 Sale 1 Sale Sale Sale Sale 30 1 Sale 35 K Sale 11K Sale 58 62 56 3 39 K 33 K 89 17K 19 7 K 29 K 2K K 3K K IK IK 3K 380 1,130 Cleve Elec 111 34.50 ser pref..* 8,700 Cleve Graphite Bronze (The)l 60 Cleve & Pitts RR Co 7% gtd 50 20 40 12,700 9,700 40 130 4,200 . 5,400 ....100 Preferred 900 Class A • 65,600 Collgate-Palmollve-Peet Co__* 3,900 6% preferred...........100 * 16,600 Collins Ac Aikman 90 390 5% preferred ....100 10 Colonial Beacon Oil Co * 10 5,300 5,810 Colorado Fuel Ac Iron Corp..* 1,580 Colorado Ac Southern.... 100 789 4% 1st preferred.......100 120 4% 2d preferred ..100 280 460 10 82 45 K 35 K 84 1 3ff 9 K 4K 36 50 54 K 12 Sale 12 K Sale K 1K IK Sale Sale Sale 14 111 113 57 K Sale 3 27 5K 11K 10 19 108 37 Sale Sale 50 5 Jan. Jan. 4 3 9K Feb. 3 Jan. Jan. Jan. Jan. 10 10 12 15 Feb. 9 32K Jan. 17 1 3 Jan. 60 Feb. 28 60 2K Jan. 17K Jan. 27 4 24 60 2 Sale 18 Feb. 15 3K Feb. 2 20K Feb. 26 Sale 107 Feb. 4 110 23 K Sale 20 Feb. 3 75 K 76 Feb. 21 75K Feb. 23 23K Feb. 28 75K Feb. 23 45 Feb. 400 68,700 800 20 18,100 100 14,200 800 22,800 93,500 8,900 26,700 100 6,300 i 700 370 27,000 2,000 4,000 Class B 2.50 9,500 Columbian Carbon v t c ..* 12,200 Columbia Pictures Corp vt c ♦ 1,100 $2.75 conv pref.. ....* 216,100 Columbia G Ac El common * 2,000 6% pref series A........100 360 5% preferred ........100 35,900 Commercial Credit .....10 200 preferred 100 34,700 Comm'l Investment Trust..* 1,200 $4.25 conv pref ser of '35__* 82,200 Commercial Solvents * 233,900 18,800 33,400 1,400 13,500 1,700 160 160 240 2,700 1,400 63,900 6,900 3,300 58,100 6,200 5,000 217,200 13,100 8,500 150,000 100 100 10,400 30,000 20,400 12,100 1,600 1,300 55,200 59,700 40,800 1,700 900 800 18,200 20,000 10,800 1,000 21,600 1,500 3,800 8,200 9,200 46,000 1,400 1,200 12,600 47,200 3,700 13,100 17,800 28,700 100,000 600 ! 4K% conv Commonwealth Ac Southern * $6 preferred ..* 18 3 Feb. 18 Feb. 25 4 18 37 29 Feb. Sale 15 94K 29 Sale 8 Sale 10K 93 112 58K 59 8K 41 8 29 8 29 Feb. 8 29 Feb. Feb. 3 17 K Feb. 26 15 Jan. 27 20 6K Feb. 3 Jan. 3 Feb. 3 8K Feb. 21 11K Feb. 23 9K Feb. 11 6 9 8 Sale 7K Conde-Nast Public'na _„„„„_* Congoleum-Nalrn Inc.... * Congress Cigar .......* 7% preferred...........100 6K% prior pref........100 Consol Film Industry......! $2 partlc preferred.......* Consol Edison Co of N Y fnc * $5 preferred ......* Consol Laundries Corp.... .6 Consolidated Oil Corp......* $5 preferred 8 Jan. 27 8 9K Feb. 11 17K Feb. 1 18 9K 500 2,000 180 181,900 7,600 1,200 31K 81 90 37 85 K 7K IK 39K Sale 93 Sale Sale Sale "1% "l" 22 Sale 7K Sale 6 8K Sale 7K Sale 66 K Sale 17 K 70 72 IK 5K 96 K Sale Sale Sale 104 Sale Sale 4K 4K 9K 3K 100 v t c Consumers Pow Co $4.50 pf.* Container Corp of America.20 Continental Bakcl A.......* Class B K 15 83 K 12 K 10 K * IK 8% preferred...........100 69 K ..... Continental Can....... $4.50 preferred 20 * Continental Diamond Fibre 5 Continental Insurance..2.50 Continental Motors 1 1K Sale 3K 5% preferred „ Sale 22 38 K 105 Feb. 9 Sale 28 K IK 29 Sale 28K Sale Sale Sale Preferred..............100 17,000 Coty.Inc 164K Crane Co.................25 5% conv conv pref 21 • * 28 * w w Preferred ex-warrants Crown Zellerbach Corp $5 conv 5 pref.............* Crucible Steel of Amer 27 7K 8 34 K Sale 32 K 37 ........* Crown Cork Ac Seal $2.25 23 K Sale 91K Sale _.* Cream of Wheat ctfs Crosley Radio Sale 4 100 preferred .... Preferred 10C 10' 33 9K Sale 63 K 34 K 83 K 66 Sale 90 {Cuba Co (The)............* 6K Sale 4K Sale Cuban American Sugar....10 Preferred 100 Cudahy Packing 50 Curtis Publishing Co (The)* Preferred .........* Curtlss Wright Corp.. Class A ... ..... 1 1 210 Cushmans Sons 7% pref.. 100 180 $8 preferred..............* 22 K 18,600 Cutler-Hammer, Inc., new..* 22 K Sale 3,600 Davega Stores Corp........5 6K 7 Conv 5% preferred 13 K 1,300 ..25 14 2,100 Davison Chem Corp (The)..l 300 Dayton Pr Ac Lt 4K % pre 100 102K Sale" ..1 * 21 % Sale 312,800 Deere Ac Co new Preferred 20 11,200 22 K Sale 3,100 Dieeel-Wemmer-GilbertCorplO 12 Sale For footnotes see page 40. Feb. 18 37K Feb. 1 96 Feb. 2 42 K Sale 96 100 88 Jan. 7 K Feb. 4 4 Sale 6K 22 K Feb 6 Feb. 3 Sale 20K Feb. 7 K Feb. 1 7 10K Sale 7 K 62 K 79 IK 5K Sale Sale Sale Sale 1 5 7 Feb. 16 13K Feb. 3 6K Feb. 4 63 IK 31K Jan. 88 Feb 18 86 Feb. 28 Feb. 3 Feb. 25 Feb. 1 Feb. 25 30 Feb. 17 5 15 2 23 24 23 4K Feb. 16 8K Feb. 4 Feb. 1 5K Feb. 23 10 Feb. 23 4 Sale Sale 12K Feb. IK Feb. 79 Feb. 3 3 15K Feb. 25 15K Feb. 25 2K Feb. 1 2 85 5 Sale Sale 76 Sale 70 Sale 6K Sale 44 K Sale 4K Sale 15 K Sale Sale Sale 49 16K 16 K 6K Sale 46 K 49 4K Sale 16 K Sale 52 K 54 22 K 18 K 22 K 17 K d* 105* dH 5K 85 15 6K 17 8K Sale 20 Sale 105 23 K 22 K Sale 22 K . 12K 12K Sale Sale 13K 7K Jan. IK Jan. 3 18 Feb. 4 22K Feb. 3 Jan. 27 6 20K Jan. 31 7K Feb. 7 6K Jan« 8 13 K Feb. 3 6 6K Jan. 67 K Feb. Feb. 1 15K Feb. 5K Feb. 43 K Feb. 1 3 3 2 7 7 3 x2VA Feb. 14 12 Feb. 4 19 Feb. 28 Feb. 14 Feb. 1 Feb. Feb. 7 Feb. 7 Feb. 17 48 K 17K Feb. Feb. Feb. 52 K 22 K 8K Feb. 15 Feb. 10 Feb. 25 Feb. 21 Feb. 3 Feb. 25 IK 13K 5K 76 17 6K 1 15 Feb. 83 4 105 K Feb. 18K Feb. 25 24 21 10 23 1 4K 18 8 12 3 13 Feb. 17 Jan. 14 Jan. 22 Jan. Jan. 5 10K Feb. 23 19K Jan. 17 8 Jan. Jan. 75 K Jan. 68 17 15 IK Jan. 25 11 6K Jan. 12 25K 96K 5K 10K 101K 7K Jan. 14 Jan. 3 Jan. 15 Jan. 10 Feb. 21 Jan. k7 K Jan. 4 5K Jan. 12 22 Jan. 12 86K Jan. 21 18 16K Jan. 16K Jan. 5 85 Feb. 23 3 45K Jan. 12 21 17 Jan. 2K Jan. 5 110K Feb. 15 13 3 9K Jan. 27K Jan. 28 IK Jan. 3 27K Feb. 5 12K Jan. 27 Jan. 12 IK Jan. 34K Jan. 16K Jan. 15 11 10 56 12 49K Feb. 58K Feb. 164 Jan. 3K Jan. 3 3 19 Jan. 31 90 Feb. 1 21K Feb. 2 8 Jan. 32 Jan. 4 65K Jan. 17 7 166 K Feb. 21 4 31K Feb. 3 34K Jan. 28 4K Jan. 29 K Feb. 98 Jan. 25 Jan. 10K Jan. 39K Jan. 37 12 25 14 11 11 17 Jan. 4 12 Feb. 3 33K Jan. 9K Feb. 3 12K 72K 44K 94K IK 13K 5K Jan. 11 Jan. 17 Jan. 7 Feb. 7 Jan. 10 87 Jan. .3 18K Jan. 6 Jan. 5 3 80 Jan. 31 K Feb. 14 6K Jan. 5 4 Jan. 27 28 70 Jan. Feb. 11 15 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb 2 23 23 23 21 2 25 5 Jan. Jan. 27 3 3 39 Jan. 4 Jan. 3 3 13 K Feb. 4 48K Jan. 11 19 3 8 17 23 Jan. Jan. 3 3 Feb. 13 K Feb 10 2 42K 25K 7K 24K Jan. 7K Jan. 15K 5K 13K 9 K 8K 107 Feb. 3 102K 18K 25K Feb. 23 24 Feb. 4 £21K 18K 6K 15K Feb. Jan. Jan. 38K Feb. 107 4 31K Feb. 3 3 5 Feb. Feb. Feb. Feb. Feb. Feb. 73 66 Feb. 7 Feb. 23 38K Feb. 25 Feb. Feb. 2 5 19 29 Feb. 16 Feb. 4 Feb. 21 Jan. 3 J an. 3 Feb. 3 Feb. 3 Jan. 3 Jan. 4 11K Feb. 26 72 Feb. 25 13K Feb. 15K Feb. 5K Feb. Feb. 4K 8K 101K 3K )4 3K 13 K 83 K 12K 10K IK 30 49 4 Feb. 23 Jan. 5 26 19 Sale 17 93 15 K Sale Sale Jan. 4 Feb. 90 83 93 44K Jan. 17 96K Feb. 3 IK Feb. 5K Feb. 10 K 82 K 3 20 K Jan. 90 Feb. 9K Feb. 3 3 31K Feb. 3 80 Feb. 3 K Feb. 14 9K Feb. 1 4K Feb. 1 K Sale 9K Jan. IK Feb. 24 6K Feb. 18 Sale Sale 80 18 36 22K Feb. 25 12 K Feb. 75 Sale 88 4 5K Feb. 19 20 K Feb. 90 Feb. 3 84 11K Sale 5 71 a 36 17 Jan. 63 Feb. Feb. Feb. Feb. Feb. Feb. Feb. 68 38K Jan. Feb. 23 Feb. Sale 18 3 Feb. Feb. Sale 72 15 Jan. 63 3 44K 1 110K 3 8K 29 4 31K IK IK 4 28 K 5 33K 13 14 4 50 3 51K 60 K 4 65K 162 164 164 Feb. 24 166 K 4 4 4K 4K 4K 3K Feb. 11 19 K Sale 19 K Feb. 27 K Sale 1 29K 90 K Sale 93 K 94 90 Feb. 1 96 22 Sale 23 K Sale 21K Feb. 2 23K 9 Sale 9 Feb. 1 8K 9K 9K 35 K Sale 34 K Sale 31K Feb. 3 36K 34 36 34 K 37 31 32 K 30 Feb. 3 33 31K 33 9K 13 24 79 65 Jan. 73 Sale 36 9K Jan. 9 5 Sale 68 K 4 23 Sale 8K 11 6K Feb. Feb. 85 K Sale 87 Jan. Feb. 43 Sale 38K 109 K 109K 110 7K 8 7K Sale 31K Sale 27K Sale IK Sale IK 32 K Sale Sale 27K 13K 12K 13K 14K Sale 50 K Sale 49K 64 K Sale Sale 58K 14 K 10 33 60 15 83 10 15K Jan. 5 8 Feb. Feb. Feb. Feb. 7 K Feb. 15 12 10 10 Jan. Feb. Feb. Jan. 8K Jan. UK Jan. 9K Jan. 15 11 68 6 4 12 22 8 Jan. 2 23K 7K 10K 17K 12 76 72 Feb. IK Feb. 40 K 110 12 Feb. 17 25 22K Jan. 21K Jan. 42K 96K 8K IK 37 25K IK Feb. 30 Feb. 7 K 71 17 14 Jan. 29 Jan. 3 Feb. 4 Feb. 3 61K Feb. 25 36K Feb. 15 Sale Sale Sale Sale Sale 60 3 Sale 5 Sale 31K Feb. 8K Feb. 25 83 15 K Sale 24 23 86 <6K 4K 70 K 4 4 79 K Sale 16 6K Feb. Feb. 21 Sale 48 K 30 14 K 14 K 2 15 Sale 33 23 Sale Sale 6 87 39 K 17 Feb. 101K Feb. 21 101K Feb. 21 103 6 5K Feb. 17 6K 7K Feb. 7 K Sale K Feb. 1 K Feb. 1 3K Sale 3K Feb. 3 4K Feb. 1 13 K Feb. 16 Feb. 3 3 13K 14K K Sale 4K Sale K Sale Cuba RR 6% preferred...100 14K Feb. 23 Feb. Feb. 95 Sale 8K Sale IK 34 K 35 23 K Sale 24 K 6 5K6 20 K Sale x23 7 K 7 7K 8 9K 9K 15 K Sale 16 K 7 6K 7K 65 K 60 K 73 74 73K IK Sale IK 5K 6 5K 21K Sale 21K 91K Sale 92 K 4K Sale 4K 8K Sale 9K 100 98 K 106 71 60 90 IK 4 3 8 Sale 7K 2 Feb. 36 33 Feb. 62K Feb. 11K Feb. 68 63 9 9 17K 17K 62K 11K 32 60 96 85 107 K 7K 69 K 14 K 19K Feb. 19 K Feb. 34 Sale Sale Sale 90 Sale 38 K 94 Sale Sale Sale Sale 7K Sale 19 Sale 63 16 72 33 K Sale 73 K 60 Sale 13K 32 K 33 K 83 K 17 Sale 140 160 29 14 53,750 1,100 97,000 1,600 18,300 7,720 18,600 1,400 4,100 37,600 6,900 303,700 127,000 8,600 1,100 Sale 35 Sale Sale Sale Sale 59 K 22,700! 520 Sale 50 200 1,000 9,100 1,800 66,700 33,000 12 27 K Prod Refining.......25 2,500 11,300 3,020 3,000 70 Exch Bank Trust Co..20 "i"io6 500 Sale 12 K Consol RR of Cuba 6% pf.100 2,050 Corn 27,800 Corn 68,500 4,200 6,100 11,300 53,700 300 66 {Consolidated Textile...... * Consolidation Coal Go vtc.25 Continental Oil of Del.....5 5.200 Continental Steel Corp.....* 43,000 1,600 3,100 1,700 19,700 26,600! 18K Sale 98 K 800 4.600 17K 19 45 90 87 K 20K 10 Feb. 94 K 94 7 K 45 Feb. 25 Feb. 33K Jan. 28 41 15K Feb. 17 13K Jan. 27 15K Feb. Jan. 3 117K Feb. Feb. 14 117K Feb. 14 111 Feb. 3 123 K Feb. 24 112 Feb. 3 125 Jan. 58 K Feb. 18 Feb. 10 Jan. 58K Feb. 10 59 Feb. 16 10K Feb. 25 8K Jan. 28 11K Jan. Feb. 11 91K Feb. 25 | 87 K Feb. 11 95K Jan. Feb. 15 1 20K Feb. Feb. 3 25 3 27H Jan. Feb. 5 94K Feb. 10 1 90 Feb. 5 96 Jan. Sale 67 64 K 7 12 Feb. 24 70 28 Jan. 13K Feb. Sale 18 72 K Feb. 3K Jan. 34 Sale 7K 23 15 13K Jan. 12 67K Feb. 3 45 17 K 17 K 8K 37 Feb. 63 K Jan. Sale Sale Sale 17 K 12 12 K Jan. 12 16K Feb. 18 5 K J an. 12 Sale 23 Commonwealth Edison Co. 25 860 Conn Ry Ac Ltg 4K% pref. 100 108,100 Consol Aircraft Corp._....„l 6,600 Consolidated Cigar......... * 100 9,400 4,700 Broadcasting System Inc class A_...2.50 21,300 20 11 2K Jan. Feb. 21 106K Jan. 7 110 19K Jan. 28 26K Jan. 10 Jan. 27 75K Feb. 23 76 Columbia 7,800 1,300 4,200 3,800 IK Jan. 2K Jan. 15K 20 K 16 K 18 5 11 39 Sale 8 Jan. IK IK 4K 12K 59 67K Feb. 28 9K 91K 7K 9K 1 3 15 Feb. 8K 91K 12K Jan. 27 26 Feb. 28 Feb. 2K Feb. Sale 15 K 14 K Jan. IK Jan. 3 11 13 10 10 22 5 Feb. 60 117K 117K 10 9K 12 65 3K 121K 58 K 8K 7K 3 Feb. 11K Feb. 28 Feb. 16K Feb. 18 5K Feb. 15 37 Feb. 23 59K Feb. 23 23 3 11 10 5 Feb. Jan. Jan. Jan. Jan. 22 Feb 14K Feb. 15 4K Feb. 3 32 K Feb. 4 Jan. IK 3K IK 5K 2K K Feb. 1 IK Jan. 4 IK Jan. 5 9K Jan. 3 12K Jan. 5 3K Jan. 3 32K Feb. 4 46K Jan. 3 11K Feb. 28 1 9 12 11 11 17 Jan. 2 116 30 Sale 25 Jan. Jan. Jan. Jan. 2K Jan. Jan. Feb 2 Sale 61 Sale Sale Sale 11 14 2 66 Sale Sale ..... 3 25 1 15 9 IK Feb 2K Feb IK Feb 80 34 K 13 K 2 10 9 1 17 Sale 77 89 27 Sale 108 K 110 20 K 8 4 4 26 25 124 98 Feb 60 19 K 151 Feb. K Jan. 2K Jan. K Jan. 88 26 116 K 58 K Sale 4 65 21K 30K 12K 46K 38K Feb 10 Sale Sale 3 5 4 5 12K Feb Sale 3 3 31 70 Sale 66 K 56 Feb. 7K Jan. 37K Feb. 31K Feb. 23 2 89" 46K Jan ill 8K Jan. J19 23 32 K Feb. 3 105K Feb. 103K Jan. £27 IK Feb 2K Sale 53 K 28 K Feb 2K IK 35 2 28 9 Sale 9 Feb. IK Feb. 2K Feb. 1 Feb 4K Feb. 2K Feb. 13K Feb. K Feb. IK Feb. IK Feb. 3 Jan. 6 Highest Sale Prices 22K Jan. 3 115 21 12K 3 37K Feb. 25 * 35K Jan. Feb Sale 95 15 K 8 Feb 9K Feb Sale 58 Sale 95 K 8K K Feb. 17 3K Feb. 2 2 K Feb. 9 11K Feb. 3 H Feb. 1 IK Feb. 1 1K Feb. 3 3K 1 15 K 5 8 2 3 Feb. 2K Feb. 1 Sale 49 ~37K Sale" 37K Feb. 31K Feb. Feb. 31K ,3K 10 K Sale Sale 4K 13 7 105K Feb, 9 30 Feb. 9 3 3 10 Feb. 8 4 46K Feb. 28 88 IK 30 K 2K Sale IK Sale 15 K 90 9 32 K Feb. 23 Feb 9 23 44 3 Feb. Feb. Sale ...50 11,800 Coca-Cola Co (The)........* 500 ,; 4%.. guar 30,100 Climax Molybdenum Co....* 23,000 Cluett, Pea body Ac Co ..* 10 32,500 1,100 Special 105K 107 20 K Sale 104 x21 10K Sale Sale 12 Sale Sale C C C Ac St Louis Ry Co...100 3,700 Sale Feb. 8K Feb. £ 3 36K Feb. 6K Feb. 23K Feb. Sale 4K 3 K 10 K 29 K 1 Lowest Sale Price 10 9K Sale Sale Sale Sale 12 Highest Sale Prices 28 4 2K Sale 7K Sale 105 h Sale 90 K IK 3K Sale 1 Sale 75 41K Sale Sale 29 11 43 9K Lowest Sale Prices Ask Sale 105 28 K A* 47 3% 37 K 7 Sale Feb. 28 1 Ask Bid 25 Sale 13 Sale 50 • 10,700 City Ice Ac Fuel............* 1,900 2,200 Sale Sale Bid Sale 26 conv 550 Chile Copper.... .......25 825,200 Chrysler Corporation.. 5 460 Feb. Ask Bid ... 300 ■ Jan. 3 1938 Far 70,200 Cerro de Pasco Copp * 41,600 Certain-Teed Prod 1 8,310 6% prior preferred—..100 Champion Paper Ac Fibre Co 300 6% preferred...........100 4,400 Common * 3,000 Checker Cab 5 12,900 Ches apeake Corp * 96,900 Chesapeake 8c Ohio.......25 2,100 1 N. Y. STOCK EXCHANGE 12 Feb. 7 - Jan. 12 Jan. 12 7K Jan. 12 50K Jan. 18 5K Jan. 10 18 H Jan. 17 52K Feb. 21 22K Jan. 7 24 K Jan. 10 7 Jan. 10 Jan. 28 Jan. 4 Jan. 5 15K Feb. 7 9K Jan. 3 107 Feb. 3 25K Feb. 14 25 Jan. 3 15K Feb. 8 Feb. 17 Feb. 3 Feb. 23 Jan. 20 Jan. 11 5 34 N. Y. STOCK AGGREGATE SALES Since February 18,300 900 4,500 50 910 2,100 1,000 6,400 13,200 1,800 200 250 2,100 37,700 100 70,100 6,900 • 300 2,600 1,600 3,000 200 200 10 46,000 1,300 2,100 36.500 Delawar* At Hudson.....100 48.600 Del Lack Ac Western 50 3,500 {Denver RIoGr At Wei pref 100 100 7,300 Detroit Edison... 70 Detroit Ac Mackinac Ry Go, 100 2,210 Uevoe Ac Reynolds A....... 7,100 Diamond Match............* 3,100 Participating Pref..25 15,100 Diamond T Motor Gar Go...2 27.600 Distil Corp-Seagrams Ltd...* 3,700 5% pref with warrants. 100 * 1,600 Dixie-Vortex Co 640 Glass A ♦ 9,300 Doehler Die Casting Go.....* 96.800 Dome Mines Ltd. 3,900 Dominion Stores Ltd—..._• 214,900 Douglas Aircraft Co Inc....* 11,100 Dow Chemical Co..........* 900 Dresser (S R) Mfg cony cl A..* Class B • 10,500 2,200 IDulutb South Sh At Ati.100 3,300 6% preferred...........100 2,300 Dunhill International......1 400 Duplan Silk • 40 8% preferred 100 125,100 Du Pont de Nem Ac Co (El).20 3.000 6% non-voting deben.-lOO 580 6,100 3,400 18,100 31,400 Highest Sale Sale Prices 3 13% Feb. 3 6% Feb. 1 1% Feb. Sale 89 Ask Sale Sale Feb. 13% Jan. 6% Jan. 23 Feb. 25 5 3 1% Jan. Jan. Feb. 16 108 4% Jan. 3% Feb. 16 Feb. 1 Feb. Feb. 18 7 89 16 Feb. Feb. 9 Feb. 28 29% Jan. 31 25 36 35 7 Sale Feb, Feb. Feb. Feb. Feb. Feb. 68 IV* AA Sale 30 17 15% Feb. 21 74% Feb. 25 10 16 Feb. Feb. 8 32 Feb. 24 4 3 Feb. 20% 21% 60% 6% 4 42% 3 105% 5 20% Feb. 3 Feb. 11 Feb. Feb. 28 Feb. 23 Feb. 16 Sale AA Sale Feb. Sale 88% Feb. 22 "I Sale 3 Feb. Feb. Feb. Feb. Feb. Feb. Jan. 26 12 26% Jan. 36 16 1 17 34 6 8 22% 60% 4 8% 4 46% 27 105% 22 27 3 12% % 11 % 28 3 3% Jan. 6 16 24 28 25 35 4 8 Feb. 3 10 Feb. 3 10 Jan. 28 113 Feb. 4 113 Feb. 4 113 Jan. 12 115 Sale Sale 106 Feb. 134 113 Feb. Feb. 4 123% Feb. 23 3 135% Feb. 18 112 preferred,..........* 110 710 Duquesne Light 5% lit pf.100 111% Sale 106 132 111 Feb. Jan. Jan. 4,500 10 13 115 112 111 % 132% $4 50 17,300 Eastern Rolling Mills.. 5 22,200 Eastman Kodak Go. of N. J.* 670 6% preferred...........100 18.200 Eaton Mfg. Go............—4 18,500 Kltlngon Schlld ...* 5 67,800 Electric Auto Lite (The) .......3 177,900 Electric Boat 5 Sale L61 L53 Sale 159 Sale 16 3 % Sale 15% 8% Sale Sale 3% Sale 3 113% Feb. 2 113% Feb. 5% Sale 159 162 .. 17% 3% Sale Sale 9 Sale Sale Sale 17% Sale 2 115 Feb. 5% Feb. 149% Feb. 166 162 6% 3 3 160 1 165% 4 18% 3 3% 4 20% 4 9% Feb. 23 156% Sale 6 Sale 17% 3% 19% 8% Sale Sale Sale Sale Feb. Feb. zl6 3% Feb. 16% Feb. Feb. 8 5 4 157 16 26 26 25 15 12 12 Jan. Feb. Jan. Jan. Feb. 1 20 21 Jan. 10 Jan. Jan. Jan. Jan. 17 3 3 Jan. Jan. 28 27 11 28 8 123% Feb. 23 18 17 Feb. 15 3 7% Jan. Jan. 3 167 149% Feb. Feb. Feb. Feb. Feb. Feb. 10 3 115 Jan. Feb. 25 5 Jan. Jan. 4 135% Feb. 4 113% Jan. 111% Jan. 15 Jan. 74% Feb. 25 Feb. 87% Jan. 19% Jan. 8% Jan. % Feb. % Feb. 2 % Feb. 25 % Feb. 10 % Feb. 10 2% Feb. 21 3 Jan. 9% Jan. 3 5 3 3 15% Jan. 30 Feb. 17% Feb. 53% Jan. 3 Feb. 24 11 Jan. Jan. Jan. Jan. 66 1 12 24 28 20 27 39% Feb. 20% 31% 6% 12% 23 Feb. _ 9 Feb. 1 5 7 Feb. IV* Sale Highest 17% Jan. 12 8% Feb. 25 2% Jan. 10 28 16 26% 2% 17 Highest Feb. 30 Sale ... Sale Prices 3% Feb. 5 Sale . Lowest Sale Prices Lowest Feb. 28 Feb. 1 1938 Par Sharer 190 2,700 9,300 1 Price Jan. 3 Jan. 1 Sharer 13,200 RANGE SINCE JAN. PRICES IN FEBRUARY STOCKS N.T. STOCK EXCHANGE In EXCHANGE—STOCKS Jan. 12 5 165% Feb. 16 15% Jan. Jan. Jan. Jan. 15 12 12 15% Jan. Jan. Feb. Jan. 7 Jan. 11 8 Elec Ac Musical Ind— 5.500 95,800 9.300 3,500 2,400 400 1,100 11,500 12,900 23,600 9,500 3,600 9,600 5,300 1,100 I,700 6,200 300 7,950 2.640 11,500 ~ $7 preferred * ...........* ~ $6 preferred—.......... 6,400 1,100 {Elk Horn Coal Corp...... 3,300 6% preferred ......AO 3 20,900 El Paso Natural Gas Co Elec Storage Battery ...... 700 Endicott-Johnson .......50 640 5% preferred .........100 400 200 shares.......... 285.500 Elec Power At Light 500 26,400 1,800 1,000 American 112,000 3.200 2,300 Engineers Pub Service......1 preferred ....... *5.50 preferred w w_...._ 500 S6 cum preferred -.....* 18.300 Equitable Office Bldg _.-.--* 100 93,400 Erie Railroad $5 conv 38.400 4% 1st preferred.......100 4% 2d preferred........100 6,700 Eureka Vacuum Clean......5 22.600 Evans Products Co.........A 1.800 Exchange Buffet Corp...—* 8.930 Palrbanks Co.............25 4.210 8% preferred...........100 24,400 Palrbanks Morse Ac Go......* 13,700 6% preferred " 4*400 9*900 Falardo Sug Go 1,400 2,900 federal 140 3% Sale 9% Sale 11X Sale 36 33 Sale 32 Sale 27% Sale 26 X Sale Sale 2^ 18 Sale 34% Sale L02% 104 4% Sale 44 48% 100 900 4,000 2,600 800 7,900 12*166 1,400 3,400 55,200 700 200 2,100 4,700 510 15,800 60 1,900 50 20,300 190 800 1,300 2,900 8,100 2,200 120 40 5,000 4,200 700 8,800 9,000 190 3,500 14,400 5,500 1,000 3,000 260 178,300 II,900 11,400 10 2,600 320 236,400 3,300 1,000 4,300 6,700 2,100 2,700 5,000 28*205 2.400 19,100 9,650 3,700 1,100 13,200 17,800 3,600 62 52 55 2% Sale 3% Sale 2 2% 6% Sale 9% Sale 7 Sale 3% Sale 6 3% 4 Sale 9% Sale 1% 1% Sale 1 a9A 10 45,800 General Gable.............* Glass A * 16,700 Preferred 7% ........100 1,600 6,600 General Cigar Inc..........* Preferred (7) 100 470 436,500 General Electric...........* ....—* 31,300 General Foods 30,300 General Gas At Electric cl A.* 10 16 conv preferred A......* 5,100 General Mills..............* 1,050 6% preferred...........100 788,300 General Motors Corp......10 Preferred (5)... .........* 8,300 1,700 Gen Outdoor Advertising. A* Common.................* 10,400 22,700 General Printing Ink......l |6 preferred. 2,310 5,000 General Public Service.....* 17,800 General Ry Signal.......—.* 50 6% preferred...........100 85,800 Gen Realty Ac Utilities Corp.1 36 preferred..............* 4,600 53,700 General Refractories.......* 13,870 Gen Steel Castings 36 pref..* 9.800 Gen Theatres Equip Corp...* 2,600 Gen Time Instrum Corp....* 41.000 General Tire At Rubber Co 5 38.900 Gillette Safety Rasos ......* 35 conv preferred.........* 6,400 Sale 6% Sale 27% Sale Sale 39 26 Feb. 36 Feb. 25 Feb. 25 30 26 27% % 1% 17 Feb. Feb. Feb. 31 Feb. 23 26 Feb. Feb. 22 3% Feb. 10 11% Feb. 25 Feb. _ Feb. Feb. 44 Feb. 45% Feb. 21 Feb. 50 52 1% 3% 5% 3% 3% 7% 17 Jan. % Feb. 3 3 31 31 Jan. 12 10 Jan. 11 6 Jan. 1% Jan. Jan. Jan. 18 Jan. 26 Jan. 19 3 Jan. 6 Jan. 6 3 3 5 Feb. 24 33% Feb. 18 10% Feb. 24 75% Feb. 25 Jan. 13 10 Jan. ll 10 10 30% Feb. 24 Feb. 12 Feb. 26 Jan. 8 Jan. 18 Jan. 14 Jan. 12 3 2 Feb. 12 Jan. 43% Feb. 1 10 Jan. Feb. 3 1% Feb. % Feb. 5% Feb. 14 Feb. 23 5 3% Feb. 40 50 1 26 Feb. 104 _ 25 3% Feb. 18 6% Feb. 24 4% Feb. 8 4% Feb. 1 9% Feb. 23 1% Feb. 12 Jan. 3 3 Feb. 26 2% Feb. 14 Feb. Feb. Feb. Feb. Feb. Feb. 24 Feb. Jan. 29 34% Jan. Feb. 26 37% Feb. .06% Feb. 4% Feb. Feb. 12 28 Jan. Jan. 2 Feb. 1% Jan. 27 % Feb. 2 Jan. Jan. Jan. 15 Jan. 12 7 28% Jan. 3 Jan. 95 General Bronse............5 — 40. 4 4% Sale ......100 $6 preferred ........—* 1,100 19,400 Gen Amer Transp Corp.....5 31,900 General Baking Co.........5 290 $8 1st preferred......... see page Sale 3% Feb. 16 3 8% Feb. 3% Feb. 8% Feb. 30 Feb. % 2 Sale 53% 35 105 Sale 3% Sale 45% 40 52 43% 54 Porto Rico.20 Tractlon..l5 • 9,000 Gabriel Co (The) Glass A ...—1 23,900 Galr Go Inc (Robt) S3 preferred ..........10 5,100 410 Gamewell Co (The).........* 100 Gannett Go Inc conv $6 pf—* 14,800 Gar Wood Industries Inc...3 * 12,300 Gen American Inveotoro Tor footnotes Sale 31 48 30% Feb. i5o 10% a* 110 8 4 Feb. 3 71% Feb. 16 a64 3% Sale Feb. 17 a64 1% 1% 16% Sale 75 77% 32 Sale 15% 30 20% Sale 87% 91 33% 34 17% Sale 25 28 16% 2% 29 18 2% 29% 95 96 18% Sale 58% 66 4% 38 4% 45 96% Feb. 2 Feb. 3 Feb. 90 12,400 Pederal Motor Truck.......* 4,200 Federal Screw Works.......* 13,900 Federal Water Service A..._* 7,600 Federated Departm't Stores.* 2,800 4M% preferred— 100 11,100 Fidelity Phenlx Fire lne.2,50 Fllene's (Wm) Sons Co......* 30*300 Firestone Tire Ac Rubber—10 4,100 6% preferred series A...100 8.200 First National Stores.......* 92,700 Fllntkote Go (The).........* 1,500 Florence Stove Go—.......* 500 Florshelm Shoe (The) cl A._* 6,600 tFollansbee Bros,..........* 10,100 Food Machinery Corp.....10 1,320 4%% corn* pref........100 .......10 44,500 Footer-Wheeler 140 7% conv preferred........* 5,800 Francisco Sugar Go........* 250 Franklin Simon pref 100 43,900 Freeport Sulphur Co....-.10 800 76% conv pref..........100 990 Fuller Co prior pref. $6 2d preferred...........* 4,720 11,100 Sale 55 |& preferred * 500 Federal Mining At Smelt—100 Preferred... .........100 100 100 2,900 37 33% 30% % 1% 21% 37% 106% 4% 44% 46 140 Light Ac 3% 3% 10% Sale 3 3 Sale Feb. Feb. 2 3 77% Feb. 25 33% Feb. 23 23 Feb. 23 91 Feb. 2 19 Feb. 7 88% 31% 14% 23% Feb. Feb. Feb. Feb. 18 16 Feb. 11 2% Feb. 26% Feb. 93% Feb. 15 Feb. 56 Feb. 3% Feb. 38 Feb. Feb. 15% 16 15 Feb. 89% 90 87 89 87 Feb. 6 oV* Sale 6% 6% 6% Sale 93 96% Sale Sale 43 Sale Sale Sale 8 l2\X Sale 121% 120 4 Sale 127 95 Sale A* Sale 10% Sale 21 Sale 21 73 Sale Sale 120 120 Sale 24% 63 26 Sale Sale Sale Sale 115% 40% 31% Sale Sale 1% Sale 5% Feb. 5% Feb. 58 115 Sale 113 28 30 Sale 26 Feb. "Feb. 5 IFeb. 34% Sale 5% 5% 9% Sale 103% 108 30 Sale 'Feb. »Feb. 31% Feb. 8%TFeb. Feb. 99 Sale 87 Sale Sale Feb. Feb. 23% Sale 99 Sale Sale Sale Sale Sale 20 18 Sale Sale Sale Sale 59% Sale 26 2 Feb. 17 27% Feb. 28 103% Feb. 4 18 17 27 9 1 Feb. 26 14% Feb. 2 Feb. 9 1 4% Feb. 25 *14% Feb. 25 25 3 3 6% Feb. 23 4 6% Feb. 25 3 3 23 r16% Feb. 23 :89 Feb. 1 97 Sale 12 70 Jan. 96% Feb. 2% Jan. 3 Jan, 1% Jan. 14% Feb. 67% Jan. 27 Feb. 18% Jan. 88% Feb. 28 Jan. 14% Jan. 23% Feb. 16 Feb. 2% Feb. 26% Feb. 89 Jan. 14% Jan. 56 Jan. 3% Jan. 38 Jan. Jan. 18 Feb. 23 Jan. Jan. 18 3 Feb. Feb. Jan. Jan. 28 11 Jan. Jan. / 3 Feb. 26 Jan. 12 3 28 Jan. Jan, 22% Jan. 3 102% Feb. 28 4 1 3 _iFeb. 23 2 l%JFeb. 1 —, 4 Jan. Jan. 3 Feb. 9 1% Feb. 17 3% Jan. 3 Jan. 12 22% Feb. 9% Jan. Jan. Jan. Jan. Jan. Jan. 12% Feb. 3 13% Jan. 28 87 Feb. 23 Jan. Feb. Jan. Jan. 118" 3% Jan. 8% Feb. 17% Feb. Feb. Feb. Feb. Feb. 30 118 23 1 29% Jan. 112% Jan. IFeb. lFeb.128 5%Feb.*24 9% Feb.125 17 106 2 Feb. 3 Feb.*25 24% Feb.f23 1% Feb. 15 19 Feb. 23 25%Feb. 26 28% Feb. 23 12% Feb. 17 16% Sale 12% Sale 10% Sale 60% Sale 11 13% Feb. 23 11% Feb. 26 61 Feb. 25 Feb. 26 ! Jan. ! Jan. ; Jan. Feb. 3 2 23 17 9% Feb. 55% Feb. Jan. Jan. Feb. 15% Feb. Feb. Feb. 36% Feb. 30 1 17 7 20 17 12 10 11 10 15 26 'Jan. Jan. 4% Jan. 7% Jan. 102 Jan. 10 17 11 Feb. 3 Jan. 60%*Jan. 11 I Feb. 23 Jan. 15 Jan. 20 1 Jan. 18 I Feb. 24 I Jan. 11 1% Jan. Feb. Jan. 3 8 18% Jan. I Jan. 15 ' 87 1% Feb. 15 20 19% 10% Jan. 56%'Feb. 24 121%IFeb. 4 37 "Feb. 30 12 [ Feb. 11 11 132% Feb. 15 115 13 21 12 21 110% Jan. Teb. 30 18 Jan. Jan. 3 31 24% Jan. 25 4 5 10 10 fFeb. 24 25 Feb. 28 11 10 12 IFeb. 23 Feb. 3 ... 11 58 JFeb. 18 3 2 15 Feb. 4 Jan. 12 Jan. 10 Jan. 12 Jan. 24 Feb. 23 4 100 1% Sale 18% 18% 24% Sale 25 11 Feb. 4% Feb. 23 40 3 53% Feb. 15 120 Sale Sale Sale 3 14 4 56 Feb. 19% Feb. 25 58 Feb. Sale Sale 96 3 3 30 Sale 2 3 3 2 Sale Sale 11 'Feb. Sale 108 Feb. 2% Feb. 9 30% Feb. 24 1 3% Teb. 8% Feb. 17% "Feb. 120 30 a 16 3 3 120 103 25 3 50 Sale 5% Feb. 7% Feb. 123 Sale Sale 26 Feb. 18 Jan. 14 Feb. 2 Jan. 1 Feb. 2 Jan. 12 Jan. 12 Jan. 8 Jan. 11 Feb. Feb. 11 Feb. 26 Feb. 1 50 Sale 9% 4 4 50 2 18 34% Feb. 11 18% Feb. 10 IFeb. Sale Feb. Feb. 35% Feb. 95 119 54% 1% Feb. 3 4 26% 24% Feb. 117 "Feb. 120 36%*Feb. Sale Sale 31%fFeb. 1 > Feb. Sale 73 23 75 27 it* it* Sale Feb. 17 15% Sale 4 1 15 4i 23 3 16% Sale Sale 2 2 Feb. Feb. 1% Feb. 3% Feb. 12% Feb. 1% 17 4 14% Feb. 25 26% Sale £103% Sale 102% Feb. 25 26" 22% Feb. 11% Feb. 11% 12 Sale Feb. 96% Feb. 8 71% Feb. Jan. Jan. 1% Jan. Jan. Jan. Jan. 15 19% Jan. Feb. Jan. Feb. Jan. 9% Jan. 55% Feb. 19% 10% 15% 10% Jan. 18 10 10 10 ; Jan. 10 Jan. Jan. 10 6 [Jan. 15 ! Feb. 26 Feb. 26 March, 1938] AGGREGATE N. Y. STOCK SALES In Since February 400 18,700 200 3,500 5,300 56,500 Feb. 1 1938 Feb. 28 Par GImbel Brother!.. Ask ...» Sale ....... Sale $6 preferred Glidden Go 4H% 55 (The) con* preferred 50 Gobel (Adolf) 117,200 3,200 2,000 70 70 51,100 41 I Sale Sale 92 Preferred 6,900 1,300 1,300 6,200 3,700 15,300 68,300 2,800 200 490 2,000 5% 1% 12% 15% Great Northern pref Great West Sug Preferred * 4.500 10 ..* .100 6.300 1,100 40 420 600 1,600 2,500 900 8% preferred 9 ...25 31 4,900 Hall Printing ..10 * 1,800 Hamilton Watch........ 2,100 24 6 Preferred A.. ...... .... 700 60 110 6% preferred.......... Itoo 220 Hanna (M A) Co f? pref. _..* 70 8,300 '25,800 Harbison 120 110 6,400 1,100 Walker Refrac. 6% preferred.......... Ill* Zioo Hat Corp class A........ i 6%% preferred w w... 11,100 Hayes Body Corp........ .100 100 50 3,800 2 3.800 Hazel-Atlas Co..... —25 32,900 Hecker Prod Corp ▼ t c_. 600 ... 12,300 10,900 Hercules 8.800 23,500 250 290 Motors........ Hercules Powder new..... 6% preferred...........100 100 700 100 300 Hershey Chocolate .._* 2,100 S4 con* preferred... ....* 300 Hlnde & Dauch Paper Co..10 13,500 24,700 Holland Furnace...........* 300 $5 con* preferred.........* 14,100 Hollander (A) A Son .....5 9,900 Holly Sugar Corp..........* 230 3,100 3,100 391100 1191300 7% preferred...........100 Homestake 12.50 Mining... 4,200 Houdallle-Herahey cl A 11,300 35,600 11,300 25 18 95 92 22 Sale 128 23 L21 6 5% 50 2 87 % 75 32 6 * Class B • 26 Sale Sale 18 99% 95 Sale 128 Sale 7 5% Sale 61% 77% 2 86 6% 77 y Sale 2k 98% 90 Sale Sale 12% Sale Sale 52 Sale 130 Sale 125 129 Sale 96 150 90% 100% .46 152 Sale 800 48,000 14,200 1,500 780 170 100 210 10,200 76,800 3,100 5,500 5,100 21,500 246,300 12,200 19,100 12,900 270 430 1,800 65,100 6,700 1,000 3,000 44,700 7,900 216,600 27,700 6,300 7,000 94,100 700 300 ^9,900 239,000 20% Sale 53 21 19 9 8% Sale Sale 22 Sale 9% 10 38.500 1,160 48% Sale 49 79 83% Sale 83 6% Sale 42 Sale stock ctfs set 45 Sale Sale 2 4% 7% 7% Sale 1% Sale Steel 20 Insuransharas Ctfs Inc 1 tlnterboro Rap Tran.....l00 Corp.......* 6% preferred... 100 (nternat Harvester*...... 7% preferred Preferred. ...100 Internat Paper Ac Pow cl B.* 400 210 126,400 31,700 6,900 New....................15 5% con* pref...........100 380 7% preferred .....100 199,300 (nternat Tel Ac Tel • 44,500 Foreign hhare certifs * 25,300 Interstate Dept Stores.. * ..... 1,600 820 1,500 24,800 300 10 10C 86 preferred—..........1 6,700 Jewel Tea Inc...... 52,100 Tohns-Manville 770 340 2,610 Preferred 1,000 Intertype Corp............* 3,200 Island Creek Coal.. 1 30 • Preferred.. ............100 5,000 Fones A Laugh Steel pref. 100 2,800 Kalamazoo Store A Furn Co 10 20 Kansas City Lt 1st pf Ser B • 4,100 28,300 Kansas City Southern....100 2,400 4% preferred...—....100 2,400 8,100 3,000 4,400 7,100 14,700 50 260 5,600 1,400 900 Keith-Albee Orpheum pf.100 Kelsey Hayes Wheel— For footnotes see 12 5 10 Jan. 12 Feb. 16 Jan. 12 Jan. Jan. Jan. Jan. 6 7 15 Jan. 18 Jan. 6 Jan. 15 29 126% Feb. 28 17 Feb. Feb. 95 92 Feb. 20 125 Feb. Feb. 5% Feb. 67 15 18 4 94 7 22] 16 126] 1 7 Feb. 8 1% Feb. 7 86 Feb. 3 3 6% Feb. 92% Feb. 19 146 Feb. 12% Feb. Feb. Feb. Feb. 3 3 67 17 95 Feb. 92 Feb. 20 Feb. Jan. Jan. 6 7 3 12% Jan. 15% Feb. 4 7 49% 126% 42% 84% 18% 9 7 Feb. 17 98 17% 83% 3% 9% 2% Sale Sale Sale Sale 11% Sale 10 £50% Sale 130 7% Jan. Feb. 24 Jan. Feb. 94 17 23 152% Feb. 17 Jan. 17 11 Jan. 11 1 Jan. 26 Feb. Jan. Jan. 13 21 Jan. 10 10 100 Jan. 3 Jan. 11 4 25% Jan. 13 12 12 Feb. Janl"20 21% Feb. 8% Jan. 7 3 Jan. 10% Feb. 50% Feb. Jan. 4 90 Feb. Jan. 26 8% Feb. Jan. 3 Feb. Feb. Jan. 3 Feb. 11 5% Feb. 5% Feb. Feb. 6% Jan. 1% Jan. 11 3 9 3 25 50% Feb. 15 90 8% 53% 2% 7% 10 1% 8 % J an. 16 Jan. Feb. 28 20 Jan. 28 38 5% Feb. 6% Feb. Feb. 4 3 Feb. Feb. 135 61 14% Feb. 4% Feb. Feb. 33* Feb. Feb. 9% Jan. 3% Jan. 3% Jan. Feb. 24 Jan. 11 Jan. 13 Jan. Jan. 13 13 Jan. 13 Jan. 10 Feb. 25 Jan. Jan. 10 4 , sji 21 16 135 74 8 Jan. 73% Jan. 79% Feb. 12 11% Jan. 12 29 20 Feb. Feb. Feb. Feb. 25 Jan. 10 22 Jan. 86 8 138 Jan. Jan. 8 78% Jan. 3 15% Jan. 3 Jan. 5 6% Jan. 18 14 6 12 11 19 13 12 Feb. Feb. 17 Feb. 83% Feb. 9 Jan. 6 4% Feb. 11% Feb. 3% Feb. I4 Jan. 12 12 5 Feb. Feb. Feb. Feb. Feb. 24 93 9 3% Feb. 152 20 140 Feb. 4 Jan. 26 3 25 95 Jan. 3 13% Jan. 3% Jan. Jan. 3 29 Jan. 5 4 Jan. 17 17 55% Feb. 142% Jan. 4% Feb. 4 Feb. 4 7% Jan. Feb. Feb. Feb. Feb. 11% Feb. Feb. Jan. 2% Jan. 26% Feb. Feb. 46% Feb. 8 11 nl* 95 4 '65% 55% Feb. 70 149% Feb. 17 L50 4% Feb. 6% 3 Feb. 4% Sale 19 Feb. Jan. 52% Jan. 24 22% Feb. 147 Jan. 67 64% Feb. 3% Feb. Sale *7% 4 Feb. 58 Jan. 19 130 9 Feb. 43% 3 Jan. 93 Feb. 16 19] Jan. 31 22] 8% Feb. 18% Feb. 11% Feb. 4 31 89 140 5% Feb. 6% Feb. 61 3 10 8 6 Feb. 12% Feb. Sale Feb. Jan. Jan. Jan. 152% Feb. 8% Feb. 135 5 5 1% Feb. 1% Feb. 18 74 Jan. 60 Feb. Sale 1% 5% 7% 1% Jan. Feb. 15 21% Feb. 18 100 Jan. 28 96 Jan. 31 25 13 Jan. Feb. 7% Feb. 94 19 Feb. 86 18 26 123% Jan. Feb. 28 5 3 5 5% Jan. 2% Feb. 95 Jan. 15% Jan. 3 21 Jan. 11 70 Feb. 1 150 Jan. 12 4% Jan. 11 11% Jan. 21 3 52% Feb. 23 3 52% Feb. 43% Jan. 132 132 Jan. 5 Jan. 19 132 Jan. 19 Class C_................_* 75,500 13,060 Int Rys of Cent Amer..._. Voting trust certificates.. 31155 5% preferred...........100 1,800 International Salt.........* 3,400 International Shoe.........* 2,800 International Silver......108 640 300 Feb. 32 7% Sale 30% Sale 3% Sale 7% Sale 31% Sale 4% Sale 8% Sale 33% Sale 4 4% 6% Feb. 4 27% Feb. 3 8% Feb. 26 35% Feb. 25 6% Feb. 27% Feb. 4 3 1 3% Jan. 3 6 Jan. 21 40% Feb. 38% Jan. 8 48] 22] 35] Jan. Feb. 21 17 24 4% Feb. 11 4% Feb. " 1,000 1,400 1,300 8% Feb. 6% Feb. 17% Feb. 96% Feb. 2 Sale ?B 132 Jan. 10% Jan. 34 Feb. Feb. Feb. 8% 76 138 49% Sale 4 7% Feb. 1 % Jan. 29 5 17% Jan. Jan. UH 12 14 6 22 12 16 32% Feb. 17 3 5% Feb. 51 5% Sale 43 % Sale 125 132 3 Jan. Jan. 22 31 16 Jan. 17 Feb. 49% Sale Sale 3% 8% Feb. §2* 32 Jan. 16 Feb. 150 5 25 Feb. 60 4 Feb. 42 92 Sale 149% Sale * 100 3 19 125 10 24 12 25 17 3 24 Int Business Machines.....* Feb. 26% Jan. 15% Jan. 4 48% Feb. 83 % Feb. 6% Feb. 8 3% Sale Internat Agricultural......* Prior preferred ...100 4 Feb. 30 11 11% Feb. 11 10 25 Sale 93 Intercontinental Rubber.. Inter lake Iron..... Jan. Jan. Jan. 23 52% 50% 86 12% Sale 4 4% 4% Sale 18% Sale d Interchemlcal 7 x27 3 23 4 12 11 28 Sale 64 Inspiration Cons Copper Jan. Feb. 58% Feb. 21% Feb. 8% Feb. 18% Sale * Jan. Feb. Feb. 18 ill Jan. n 19 30 74 6 13 18 23 6 60% Sale 22% 23% 9% Sale 9% Sale A1000 552,910 Internat Nickel of Canada.. 116",§55 Sale 6% preferred...........100 Inland Sale 7 Jan. 3 8 8% Feb. 18% Feb. Sale 64 20 Feb. 3 28 5 102 Sale 25 Jan. Jan. Jan. Jan. 11 Feb. 21 Jan. 12 55 2 3 Feb. l01 Feb. 28 4% Jan. Feb. 99 8% Feb. 23 24 Feb. 100 Sale 4% 1% 11% 13% 22% Feb. Feb. 9 15 15 Jan. 3% Jan. 28 53% Feb. 5 1% |Jan. 22 16 1% Feb. 17 17 80 45 10% Feb. 26 8% Feb. 1 11 Jan. 19% Jan. 57% Jan. Jan. Feb. 18% Feb. 24 16 13 11 19 10 3 13% Jan. 46% Jan. 17% Jan. 76 10 Jan. 70 Jan. Jan. Jan. Feb. 9% Jan. 58 27% Jan. 51 % Jan. 3% Jan. 3% Jan. 45 4 16 3 3 27 3 Feb. 17 71,000 Internat Hydro-Elec Sys A.25 31,600 Internat Mercan Marine....* 51,400 Int Mining Corp.......... 100 421605 sec Feb. 25 4,300 Indian Refining .......10 33,800 Industrial Rayon Corp.— .6,200 Ingersoll-Rand........ ..._.* 11,000 2.000 26.000 15,500 RR 11 Sale 75,900 Illinois Central..........100 4,800 6% pref series A.......100 3,520 Leased line 4% .....100 800 2 Feb. 19 .... 29,100 2,000 1,760 25 Feb. 16 5% preferred...........100 97,800 Hudson Motor Car.. 92,600 Hupp Motor Car Corp 1 , Feb. 127% 42% 90% 18% 41% 50% 84% Sale 600 100 12,900 40,300 Feb. 28 Feb. 23 Feb. 2 Feb. 49% Feb. Household Finance- 3,700 Common stock...........* 1,300 5% preferred ......100 111,800 Houston OH of Texas v t C.25 36,400 Howe Sound Co......... 3,100 Hudson Ac Manhattan....108 1,300 1 1 Jan. 20 5 16 33% 136 86 18 2 17% Sale 92 Feb. Feb. .Feb. 4 Sale Sale 98 148 6 1 Feb. 8% Feb. 18% 98% 100 92 93% 20% Sale 99 Feb. 21 1% Feb. 6% Jan. 50 40 29 34 Sale 19 % 97 55 9 45 Sale 13 270 160 29 23 Feb. 16% Feb. 57 52 900 Helme (G W)............ —25 7% preferred. ...... .100 400 3,400 , Feb. 28 Feb. 19 17 800 Hackensack Water...... ...25 Feb. 4% Feb. 23 28% Feb. f5 410 200 180 3 53% Feb. 5 1% Feb. 17 125 8% Sale 1% 24% 100 Feb. 14 Feb. 25 56% Feb. 25 21% Feb. 11% Feb. 16% Sale 6% preferred...........100 9 50 45 Gulf Mobile Ac Northern..100 . 89 14% Feb. 127 46 Feb 21 24 15 22% Feb. 22% 25 Feb. Feb. 80 Feb. 3% Feb. 4% Feb. 1% Feb. 29% Sale Copper..100 79,100 Greyhound Corp (The).....* 15,800 preferred.......... 10 6,400 Guantanamo Sugar....... 32.700 70 Feb. 2% Feb. 10 3% Feb. 8 Feb. 12 12% Sale 21% Sale 30 Green Bay & Western RR.100 14,300 Green (H L) Co 1 10 Greene Cananea mmmm—- Sale 21% ...10n ... ..... Sale Sale Sale Sale 25 10 ore prop. 42% Feb. 15 2% Jan. 4 3 48 18 60% 5% preferred............20 Great Northern lr 44 42% Feb. 15 2% Feb. 2 19 Sale ..* Grant (W T) 20% Jan. 74 Sale ...MOO Granite Glty Steel. 55 24% Feb. 18 7 Feb. Sale Highest Sale Prices 20% Feb. 14% Feb. Sale Lowest Sale Prices Highest Sale Prices 9 Feb 23 Sale 4,400 Grand Union Co trust ctfs-.l 3.800 $3 con* preferred series...* 14,500 7.900 9,900 34,800 140,000 10,800 Lowest Sale Prices 7 Feb. 3 50 Feb. 15 Sale 168,600 Graham-Paige Motors......! Granby Consol Mining 37.000 Smelting & Power Ltd 5 1 I 130,200 Goodrich (B F). 8,000 $5 preferred..............* 203,200 Goodyear T flc R_. 6,400 $5 preferred..............* 7.400 Gotham 811k Hosiery......* 4,200 V Jan. 3 Goebel Brewing Go ......1 50 Gold & Stock Teleg Co...100 30 V N. 7. STOCK EXCHANGE 43,800 1,100 34,200 1,800 16,800 16,300 RANGE SINCE JAN. Price Share• 0,700 35 PRICES IN FEBRUARY stocks Jan. 1 Bharts EXCHANGE—STOCKS Convertible class A.......1 Con* class B..........._.l page 39% Sale 21 Sale 32 16 65 Sale Sale Sale 6% Sale 7 Sale 9% Sale 70% Sale 9% 10% 21% Sale 116 40% 21 22 20% Feb. 20 Jan. 6 33 Sale 33 31% Jan. 6 20 17 64 Feb. Feb. Feb. 5% Feb. 5% Feb. Sale 17% 18% 19% 65 69 64% 10% 69 66% 67% 63 11 11% 21% 11 Feb. 10% 22% 12% 25 48 Sale 124 U Sale 123 69 } 16 .... Sale 8% Sale 20% Sale 6 Feb. 6 9% Feb. 17 18 16 7% Sale Sale 17% 18% 5 17 16 17 3 13% 87 13% Sale 74% 98 7% Sale 4% Sale 81 85 Feb. Feb. 51 82 Feb. Feb. Feb. 7% Sale 5% Sale 85 69 Feb. 46% Jan. 122 Feb. Feb# 4 3 10 1 3 3 5% Feb. 24 Feb. 28 24 Jan. 12 12 20 Jan. 17 Jan. 25 8% Feb. 26 8% Feb. 26 13% Jan. 12 75 Jan. 11 12 Jan. 18 24 Jan. 15 Jan. o 117 68] 51 86 Hi* 78 Feb. 28 Jan. 10 10 Jan. 10 16 Feb. 8 10 19% Jan 118% Jan. 28 118% Jan. 28 5 6% Jan. 9% Feb. 25 15% Feb. 19 20 Jan. 3 8 16% Feb. Jan. 12 12% Feb. 15 Jan. 12 8% Feb. 21 85 Jan 62% Feb. 16 Feb. 7% Feb. 4% Feb. 85 Feb. 66% Jan. 26 124% Feb. 118% Feb. 118% 7% Feb. 9% Sale Feb. 18 21% 16 16 Feb. 15% 18 12% 13 12% Feb. 74% 80 82 Feb. 3 27 4 4 10% Jan. 20% Feb. 21 116% Jan. 19 20% Feb. 51 Sale 47% 79% Sale 67% 124% 125% 123 65 Sale 62% Jan. Jan. 9% Jan 63 .... 50 4% 8 117% !3 7% Sale 4% Sale 16 62 Feb. Sale >0% Sale ^6% Sale 16% 19% 18% 7% Sale 65 6% Sale 6% Sale 10% Sale 117 88 40* 44% Sale 20% 22% 34 9% Jan. 39% Jan. 3 6% Jan. 31 4% Jan, 3 80 Jan. 6 Jan. 9% Jan. 6% Jan. 87 Jan. 10 10 14 N. Y. STOCK 36 aggregate EXCHANGE-STOCKS STOCKS Since A Jan. 3 N. Y. STOCK EX CHAN OF. Ask 36 Kinney (G R)......... 120 8% preferred 3534 Sale 7*3 7*4 20 34 21 2 234 20 34 48 980 12 Sale 1534 Sale 5*i Hd Shares Keuoecott Copper ... Keystone Steel & Wire Klmborly-Clark. ... $5 prior preferred... 28,200 Kresge (S S) Co 1,300 Kresge Dept Stores 1,100 Kress (S H) Ac Co new 22,200 Kroner Grocery At Bak. 5 24 14 34 15 I,020 Laclede Gas Light........100 1,950 5% preferred .....100 13,000 Lambert Co (The)..........* 400 Lane Bryant 9,500 Lee Rubber Ac Tire........ ...... 25 * 14,100 Lehigh Portland Cement. 25 150 4% cony preferred...... 100 29,900 Lehigh Valley 50 6,300 Lehigh Valley Coal 8,800 6% cony preferred.......50 37,000 Lehman Corn (The).. 1 10,900 Lehn Ac Fink Products Corp.5 5,600 Lerner Stores Corp.........* 51,700 Llbbey-Owens Ford Glass... 11,600 Libby McNeill Ac Llbby 4,000 Life Savers Corp 5 3,300 Liggett Ac Myers Tob com..25 15,600 Series B 25 1,100 Preferred. ...100 2,400 Lily Tulip Cup Corp.... * 20,600 Lima Locomotive Works * 4,900 Link Belt Co * 12,800 Liquid Carbonic new * 91,400 Loew's Incorporated 1,000 $6.50 preferred........—* 41,300 Loft Incorporated 33,400 Lone Star Cement Corp..... ... ...... 25 5% preferred .....100 Lorlllard (P) common...... 10 Preferred... .......100 Louisville Gas At Elec A.....* Louisville Ac Nashville 100 31,300 2,160 5,100 10,700 26,100 Ludium Steel ... 1 1.200 MacAndrews At Forbes Co..10 100 43,100 31,300 11,400 15,600 1,800 6% preferred * Mack Truck Inc............* Macy (R H) Co, Ins • Madison Square Garden....* Magma Copper............10 tManatl Sugar ...100 Certificates of deposit.. 100 7% preferred .....100 240, Pref ctfs of deposit 100 I,900 Man del Bros * 630 tManhat'n Ry Co. 7% gu.100 17,000 Mod 5% guar ..100 4,100 Manhattan Shirt ....25 8,100 Maracaibo OH Exolor. 57,500 Marine Midland Corp.......5 450 Market Street Ry 100 260 Preferred... 100 Sale Sale 3*4 Sale Sale 934 Sale 2434 34 Sale 734 24*4 3634 1734 Sale 2534 8834 Sale 170 16 34 Sale 3834 Sale 45 Sale 88 9034 L60 1534 28 h 105 IK 32 ........100 Prior preferred 100 330 Second preferred Iff 1,400 Marlin-Rockwell Corp. (Del.) 1 .54,700 Marshall Field Ac Co * 146.000 Martin (Glenn L) Co.....—1 2,090 12,200 Martin Parry Corp.... * II,800 Masonlte Corp.............* 18 5 1634 24 3i 23 14 1434 1734 Sale 10554 Sale Sale 3*4 Sale 14,900 Long Bell Lumber A 6,200 Loose-Wiles Biscuit 500 554 *4 2 Sale L0334 106 1634 Sale L31 13534 15 24 1154 554 Sale Sale 15 10054 16 26 36 17 34 47 105 1*8 32 34 3** 18 10334 17 131 16 Sale 4654 Sale 17 v 29 13 22 11 14 34 1634 10134 6 4* 3134 1054 Feb. 3 Feb. 14 Feb. 4 Feb. 4 1234 Feb. 4 Feb. Feb. 1 Sale 1154 6 Sale 18 Sale Sale Sale Sale 2954 "~4K ~6~~ "6 834 7*8 17 34 634 1334 Sale 734 1434 Sale 1134 Sale 2 234 634 Sale 134 054 3 34 5 8*8 7*8 134 154 2734 Sale 834 Sale 17*8 Sale 334 434 30 Sale o „ Sale 31 Sale 2234 Sale 32*8 Sale 13 Sale 27 Sale 126 134 234 654 12 754 734 Sale 234 534 Sale 5* Sale 10 134 27 34 834 134 11 2 28 Sale 5 22 Sale 13 34 90 300 292,500 1,300 2,180 103,900 25,900 12,200 22,600 27,100 Sale 111 Sale 2\a Sale Sale Sale - page 40. Sale Sale Sale 54 il 34 Sale 105 Sale 50 Feb. 3 22 Jan. 17 154 Feb. 1254 Jan. 11 iF Jan. Feb. 10 3 12 19 12 7 5 10 12 h Jan. 1854 Jan. 6 Jan. Jan. 1534 Jan. 24 Jan. 9*4 Jan. Jan, Jan. 28 Jan. 1734 Jan. 1434 Jan. 18 12 12 1 17 Feb. 9 Feb. 25 2 Feb. 27* Feb. 2 Feb. 23 Feb. 27 Feb. 3654 8*4 2734 9254 Feb. 5 26 23 Feb. 23 Feb. 25 Feb. 1 w* Feb. 39 10 3034 Feb. Feb. 3 126 17 12*4 Jan. 10 Feb. Jan. Jan. Jan. 12 5 30 1134 Jan. 1434 Jan. 188 Vi 258% 354 Jan. Feb. Jan. Feb. Feb. Jan. 2234 834 2234 3134 754 2534 Jan, 88 Feb. 100 Feb. 10234 Jan. 167 Jan. 28 16 Jan. 18 Feb. 25 2234 3434 1634 4434 Feb. Jan. Feb. Feb. 3454 Jan. 4034 Jan. 17 11 Jan. Jan. Jan. Jan. Feb. Jan. Feb. Feb. 16 8 3 Feb. 3 7 21 12 234 Feb. 25 Feb. :» Feb. 1 9 28 25 Feb. 4 Feb. 28 Feb. Feb. 11 10 934 Feb 23 3.934 Feb. 25 Feb. 2 3 3434 Feb. 28 3 2554 Feb. 26 23 165 3 3634 Feb. 534 Feb. 18 26 Feb. 23 4234 Feb. 25 Jan. Jan. Jan. Feb. 634 Jan. 10 Jan. 1*4 Jan. 554 Feb. 5* Jan. 334 Feb. 7 134 2654 754 15*4 254 29 Jan. Jan. Jan. Feb. Feb. 14 5 Jan. 2334 Feb. 3 22 Feb. 9134 Feb. 8 10 80 Jan. 6 Jan. 18 14 Jan. 25 Jan. Jan. 13 10 12 13434 1734 5634 2134 Jab. Jan. 7 10 31 Jan. 21 14 126 2454 Jan. 12 3 32 54 Feb. 28 3 3 1334 Feb. 30*4 Jan. 10 11 3 Jan. 13 9 Jan. 24 9 Jan. 2034 Jan. 9 10 13 Jan. 13 3 1234 Jan. 254 Jan. 11 Jan. Jan. 13 11 11 31 Jan. 13 Jan. 12 5 3 6 7 8 Jan. 8 Feb. Jan. 26 4 Feb. 3 Jan. 3 Feb. 3454 Jan. 12 Jan. I Jan. 8 22*4 Jan. 157 17 12 12 14 18 Feb. 18 5 28 12 106 15*4 Feb. 3034 Feb. 12154 Jan. 10 11 Jan. 17 3954 Feb. 21 Feb. 23 Jan. 44 Feb. 734 Feb,. 1 Feb. 28 12 Jan. 52*4 Jan. Jan. 134 3154 334 1734 10334 1534 12954 20 10 8 '554 Feb. 11 54 Feb. 23 7 334 Feb. 2 754 Feb. 4 134 Feb. 8 2654 Feb. 4 754 Feb. 4 153s Feb. 3 334 Feb. 10 Jan. Jan. 734 Jan- 1034 Feb. 11 Jan. 90 7 4 17 Jad. 9 1*4 Jan. il* 14 Jan. 2734 Feb. 25 7 Feb. Jan. 21a 42 4 3 2 Jan. Jan. 11 1034 Jan. 2354 Jan. 7 9 25 12 13 12 165 105 8 12 Feb. Jan. 26 10 12 Feb. 102 Jan. 434 Jan. 54 Jan. 95 2254 Feb. 25 4 32*8 Feb. 28 -3 1334 Feb. 10 4 £2854 Feb. 24 6 34 Feb. Feb. 12 1054 Feb. 19 Feb. Feb. 24 4 5 2 18 Jan. Jan. 12 4 13 Jan. 9*4 2134 454 3734 14 Jan. Jan. 12 Jan. 24 Jan. 10 2554 Jan. 26 165 3 4234 3 6*4 25 8 1234 Feb. 854 Feb. 1334 Feb. 15 10 Feb. 74 75 Feb. Sale 42 Sale 41 Sale 21*8 Sale 205* 654 3234 654 Sale Feb. 3 13 23 Jan. Jan. 12 Jan. 10 15 99 5134 108 Si3 Jan. Feb. 15 17 15 Jan. Jan, Jan. 25 19 5 £48 5 22 Feb. 3 10 Jan. 31 Feb. 1 22*4 75* 3534 7*8 Feb. 23 82 82 Feb. 17 82 1334 Sale 12 Feb. 2 14 Feb. 24 1134 Jan. 62 Sale 62 Feb. 62 Feb. 28 62 Feb. 55 Sale Feb. 11 50 Jan. 4 Sale Feb. Feb. Feb. Feb. Feb. 55 45*8 5254 4054 434 1734 28 3 17 3 28 7 Sale 94 Sale 10 23 74 45 J 35 Sale Jan. Feb. 7 1354 Feb. 28 Feb. 1034 Feb. 834 Feb. Feb. 21 7 80 1954 11 Feb. 17 3 Feb. 1 Feb. 3 Feb. Feb. 17 3434 Sale 10 18 Jan. Jan. 1454 Jan. 1034 Jan. Feb. 26 Jan. 24 Sale 72 59 Sale Feb. Jan. 4 1234 Feb. 28 3 754 Jan. Feb. Sale 94 Sale 10 9 5 7*8 Sale 2134 Sale 1534 m 93 Sale 6134 95 Sale 105 Sale 7 Sale 5034 *8 *8 934 1*8 234 1534 5434 Sale 13 153 Sale ava Sale Sale 11 12 15 Feb. 1 16 Jan. 13 25 35 Feb. 3 43 Jan. 17 734 Jan . 1734 Jan. 2054 Jan. 3 11* 11 12 12 5 96 Feb. 1 6334 Feb. 26 Feb. 28 734 Feb. 23 5454 Feb. 23 34 Feb. 18 34 Feb. 28 Feb. Feb. 19 Feb. 234 Feb. 734 Feb. 1 Feb. 4 16 34 Feb. 1 334 1034 154 254 134 Feb. 13 Feb. Feb. 50 Feb. 24 4 10554 16 16 3 3 1 19 23 Feb. 10 Feb. 23 2 Feb. Feb. 14 16 Feb. 17 9134 Feb. 25 15 112 34 Feb. 15 4 37 34 Feb. 23 11 26 Feb. 11 1 3634 Feb. 17 9434 Jan. 4634 Jan. 102 4 27 Jan. 5 101 Jan. 16 Jan. 65 28 4 10554 Feb. 28 754 Jan. 12 Jan. Jan. 12 3 534 Feb. Jan. 31 2 34 Feb. 3 54 Jan. 50 1 Jan. 14 Feb. 3 4 234 Jan 3 734 Feb. 4 Feb. 16 1*4 Feb. 16 1 Jan. 28 7734 Jan. 29 13 Ill Jan. 5 31 Jan. 31 11 34 1554 1034 1534 Jan. Jan. Jan. Feb. 23 9 50 3 1 56 Feb. 23 Feb. 23 9 Feb. 3 Jan. J an. 43*4 Jan. 13 12 10 8 11 Jan. 12 17 9134 Feb. 25 Jan. 26 113 3734 Feb. 23 3034 Jan. 17 3934 Jan. 13 Jan. 3 Jan. Jan. 14 Jan. 4 10 11 12 Jan. 21$ 29 5 Jan. Jan. 10 254 Jan. Jan. 10 10 10 15 Jan. 13 Jan. 4 J an. 101 17$ im Jan. Jan. 3 4*4 Jan. 1 60« 3 1134 Feb. 10 4 4934 Feb. Feb. Feb. 24 11 94*4 Jan. 16 7 1 Feb. Jan. 22 4 23 1134 Feb. 10 14 34 4 5434 4934 Sale 4934 Feb. 102 Feb. 15 104 10254 102 3 654 634 Sale 554 Feb. 50 46 Feb. 17 4734 4454 Feb. 29 Jan. Jan. Jan. Feb. Feb. Feb. Feb. 4 93 Jan. 2934 Feb. 34 Feb. 3 4 25 1854 125* 1854 654 1 3 12 1 26 4 61 13 Feb. 14 72 Jan. 26 1 3 Jan. 7 3 534 Feb. 9 Feb. 2 34 Feb. 34 Feb. 28 4 1 Jan. 23 50 3 12 12 4 Feb. 3 >1 28 20 £4634 Feb. Feb. 104 3 3 18 15 1734 Feb. 3 1 Feb. 4 10 79 4054 Feb. 1054 Feb. 23 4 834 Feb. 40 Jan. 1954 Jan. 654 Jan. 30 Jan. 654 Feb. iv 4534 Feb. 28 534 Feb. 24 4 78 Sale 23 Feb. 23 3 11334 11234 Feb. 2934 Feb. 3654 Sale Feb. 2734 2934 26 33 3654 3134 Feb. *8 Sale *s Feb. 16 Feb. 1734 Sale Sale 12 1134 Feb. 1.7 34 1734 1534 Feb. 554 Feb. 654 Sale 14 Feb. Feb. Sale 54 1 9 8*8 Feb. 1734 Feb. 2134 Feb. 93 Feb. 15 35 111 49 5 Feb. 22 34 Feb. Feb. 15 4134 Feb. Sale Sale * ......... va .....* Motor Wheel 5 Mueller Brass Co ...1 Mullins Mfg Corp class B...1 Mother Lode Coalition Motor Products..... 980 $7 conv preferred.........* 1,800 Munslngwear • 6,200 Murphy Co (G G).. ♦ 700 5% preferred. .......... 100 37,900 Murray Corp of America..10 600 Myers (F E) Ac Bros.........* see a Sale xjr- Feb. 94 34 Feb. 1 16534 Feb. Feb. 11 18 Feb. 3 33 3 80 71/8 1334 Sale 934 Sale 77 14 3 Sale 14*8 Feb. 25 3 Feb. Sale Sale Sale Sale 4 ~7~" Feb". 12 89 Sale 1 —.....* Feb. 95 1234 Sale Sale Sale 5% preferred series A...100 ^Missouri Pacific —loo Convertible preferred..100 Mohawk Carpet Mills ....20 Monsanto Chemical Wks..l0 $4.50 pref * MontgomeryWard At Co.....* Morrell (J) At Co Morris At Essex... ......AO 43 20 Sale Sale Mo Kan-Texas 2 Feb. 96 Mission Corp Feb. 22 2654 Sale 9534 103 1,200 7,300 16,900 43,900 8,000 21,800 10,500 19,800 24 24 Sale Sale 2734 Feb. 1134 Feb. Feb. Sale 24 3034 Feb. 12334 Feb. 19 Feb. Feb. Sale 800 22 34 Feb. 36 Feb. 23 Sale Sale Sale Feb. Feb. Feb. 164 34 165 41 Sale 52 90 165 16 2534 Sale Sale Sale Feb. Feb —..—5 * 10U 7% preferred...........100 4% leased lines 100 9 88 29 4 33,900 Mid-Continent Petroleum. 10 13,500 Midland Steel Products 2,400 Preferred 5,600 Minn St Paul At S S M 17 7 Feb 2 Feb. Feb. 21 5 Feb. Feb. 17 4 Feb. 3 Feb. 8 Feb. 3 Feb. Sale Sale 46.400 Minn Mollne Pow Implem..* 1634 Feb. 23 25 2434 Feb 534 54 354 22*8 934 22*8 3134 754 25*8 4* Sale Sale 15 Sale Sale 105 5 18 160 .. 24,100 Minn-Honeywell Reg Co..— * 450 4% conv pref ser B.....100 Feb. 9 15 Sale .... 100 Feb. Sale 234 560 8% 1st preferred.......100 10 Milw El Ry Ac Lt 6% pref.. 100 Feb. 4 4 pi 102 Sale ..... 106,100 viuml Copper Feb. Sale 2 Sale 25 aSS 1834 554 26*8 1634 18* 1234 24 2254 Sale 8,500 Mathleson Alkali Works....* 158 60 7% preferred...........100 15334 157 3834 3454 Sale 11,700 May Dept Stores 10 5 Sale 6,800 Maytag Co (The) • 2034 25 1,500 $3 preferred w w —* 20 $3 preferred ex*warrants.-• 90 80 78 400 $6 1st preferred * 13 Sale 13 II,000 McCall Corp • Sale 934 8 22,100 tMcCrory Stores new com..1 7334 73 7934 800 6% conv preferred 100 13 1034 1134 9,000 McGraw Electric Co, new._.l 934 £8*4 Sale 7,300 McGraw Hill Pub Co • Sale 4454 90,900 Mclntyre Porcupine Mines..5 22 Sale 20 28,500 McKeesport Tin Plate.....10 634 654 Sale 47,100 McKesson At Robbias—.....5 29 2934 6,200 $3 conv pref .........* Sale 7 17,200 McLei an Stores Co........1 80 10 6% conv pref.....—....100 13,200 Mead Corp * '1134 Sale 6654 150 $6 pref series A..... ..* 53 1,700 $5.50 pref ser B w warr__* Sale 5,400 Melville Shoe Corp ..* Sale 12,000 Mengel Co 1 Sale 3,860 5% conv 1st pref..—...50 1634 100 Merch At Min Transp Co....* Sale 12,000 Mesta Machine Co .......5 Feb. 17 17 34 234 Sale 15 Feb. Feb. 495, 1*3 3 16 Feb. 8 3 18 16 34 Feb. 4 51*8 Feb. 23 4434 Feb. 106 Feb. 21 106 34 Feb. 15 108 106 109 9 134 Feb. lb 134 Feb. Sale 134 Sale 3 39*8 Feb. 21 3154 Feb. Sale 38*8 Sale 1 Sale 3*8 Feb. 454 Feb. 23 Sale 4 8 Sale 17 34 Feb. 1834 Feb. 19 103 34 10434 10334 Feb. 17 10434 Feb. 23 104 Feb. 1 5 17 Sale 1534 Feb. 1654 Sale 1 13234 Feb. 28 Sale 12954 Feb. 13234 Sale Feb. 15 3 17 16 Feb. 1634 1634 Sale Feb. 24 7 Sale 52 44 Feb. 50 48 4 1934 Feb. 23 Sale 1554 Feb. 18*8 Sale Sale Sale Sale 3134 Sale Feb. 12 19 1634 94 Sale M Feb. 14 90 2034 5 Sale 134 28 Sale 2034 Sale 15 Feb. Sale 29 0*4 Feb. Feb. 15 Sale 754 Sale 1034 Sale 734 134 2334 754 2 Feb. 11 3 10 3 3 23 15 10 17 2 3 27 Sale 334 Feb. 17 o 1034 23 54 Sale 26 22 19 4*8 18 6 23 Feb. 3 Feb. Sale 2634 12334 126 7 Feb. 3 Feb. 1534 Sale 26 34 654 Sale 6 634 10 Sale 1*4 Sale 19 4 Feb. 26*8 Feb. 95 93 Sale 166 165 Sale Sale £18 16J4 Sale 3254 Sale 40 Sale 38 93 165 3254 Feb. 754 Jan, Feb. Feb. 634 34 34 7 3s Highest Sole Prices _27 34 534 25 3451 Sale 2634 9254 Lowest Sale Prices 2I* il* 13 sit* 1.634 2634 Sale 934 w 2654 Sale Sale 634 1234 Sale 354 334 2434 Sale 934 1034 2334 2434 16 29 3034 121*» 125 ----- Sale 6 51 16 554 28 Sale 1134 13 Hiohest Sale Prices 8*g 8 2134 154 1534 48 1434 1434 Sale *17*8 13 34 2254 5*8 Lowest 3854 Sale 2134 234 20 Sale 1134 Sale 5 34 534 1134 12 16 54 Sale 96 Sale Sale 8 2434 Sale 35 Ask Ask Bid Bid Sale Prices Feb. 28 Feb. 1 1938 390,200 14,100 1,900 2,500 1 Price Jan. 1 For fwtnotes range since jan. prices in february sales 1 1434 Feb. 23 67 Jan. 12 11 104 Jan. 12 3 26 754 Jan. 17 4734 Feb. 24 March, 1938] AGGREGATE SALES In 11,700 5,300 25,800 1,400 1,900 112,800 1,200 21,900 15,900 73,800 2,300 5,100 100 900 490 400 9,000 340 280 3,400 • 27,000 700 47,500 44,300 6,500 17,700 1,100 3,300 17,700 60,100 5,030 V National Aviation Corp....10 National Biscuit..........10 ...100 Nat Bond Ac Investment Co.* 7% preferred.. 5% pref series A 40% 15 14 300 10,400 National Tea Co.. 28,900 Netomas Co 1,900 Nelsner Bros Inc 2,800 8,500 1,300 700 500 a 0 70 90 3*4 Sale 8% Sale 21% 26 1 30 """ioo r,400 > 430 71 65 37 32% 87,200 2,600 51,500 218,100 5,700 6% preferred.... . . 3,200 80 110 41,800 67,900 7.200 105,800 103,200 26,000 80 190 260 460 50 55",300 9 10 140 5,400 179,300 400 690 3,100 30 103,600 1,100 11,500 30 : 2,100 6,300 79,100 18,200 9,400 7.100 25,600 21,600 18,500 5,100 26,800 4,400 13,800 4,100 3.200 . 6% preferred ..... 5% 9 45 13 9% 4 conv preferred......100 1 100 10 1 Park Utah Cons Mines.....1 Parke, Davis 8c Co..........* Parker Rust Proof Co....2.50 farm else Transport Co.. .* Pathe Film Corp...........* Patlno Mines 8c Ent Cons ..* Peerless Corp 8 Penlck 8c Ford.............* Penney (J C) Co .........* Penn Coal 8c Coke Penn-Dlxle Cement.... 10 .. * $7 conv pref series A...... * Penn Glass Sand Corp v t c._* 50 300 People's Drug 8tores Inc ...* 6% conv preferred...... 100 120 400 600 1,400 Peoria 8c Eastern........100 Pere Marquette..........100 2,700 Prior preferred ......100 1,830 730 1,920 Preferred.......... 100 • 100 Pet Milk 5 15,500 Petroleum Corp 15,200 Pfelffer Brewing Go........* 25 183,200 Phelps Dodge 700 1,600 400 'hlladelphla Co pref t%__50 84 preferred ... For footnotes see page 40. 12 1 9X 4% 14 6 % Sale 1154 11X 27% Sale 35% Sale 14% Sale 114 Sale 133% 140 12 4 7% 1% 38% 34% Sale Sale 9X8 1% 40 37 100*4 9% Sale 82 10 % 22 2% 3154 17% 1% 5% 9% 88 Sale 24% Sale Sale Sale 2 Sale Sale 4% Sale 41 % 62 2 43 Sale 2X8 3% Sale 17 26 Sale 10*4 Sale 93 6% 21 100 7 Sale 123*4 126 9% Sale 45 50 13*4 Sale 42% 46 5 130*4 17*4 6*4 % *4 • S fl Sale 2 Sale 9% 23 72 39 110 36 1% Sale Sale Sale Sale 100 7 Sale 130 Sale 15 4% 17 140 Sale Sale 9% Sale Sale Sale 95*4 9% Sale 83% 86 10% Sale 23 5 Sale 7% Sale 12*4 13% 20% Sale 37% 38% 14 15% 13 % Sale 1153* Sale Sale 65 37% Feb. 4*4 Feb. 1 Feb. 6*4 Feb. Feb. 2 9 3 Feb. 17 23 Feb. 23 Feb. Feb. Feb. Feb. 23 Feb. Jan. 106 5*4 4*4 19*4 17 158 180 Feb. Feb. 4 11 Feb. Feb. 11 25 3 159 7 136 Jan. 24 Jan. Jan. 14*4 Feb. 3 Jan. 4 Jan. 3 75 4 70 Feb. 1 75 3*4 Jan. 8*4 Jan. 19*4 Feb. 3 6 4 4*4 Jan. 10*4 Jan. 23*4 Jan. Feb. 23 Feb. 3 9*4 Feb. 2 22*4 Feb. 24 , 4 854 *4 *4 62*4 25 9 7 20 4 11 12 7 12 12 25 25 23 Feb. 23 14 20 7 11 63 Jan. 11 70 Feb. 11 Feb. 18 35 Feb. 5 40 Jan. 14 Feb. 4 100 Jan. Feb. 1 3 106 8 12 3 4 19 9*4 Feb. 1254 Jan. 18*4 Feb. 23 38*4 Feb. 25 19*4 Feb. 23 3 3 4 31*4 26*4 4*4 4 11*4 4 115*4 1 *4 59 23 7 2*4 6 7 1 1*4 28 9*4 4 4 2,5 56 Feb. 2fi 17 28 28 26 5 Feb. 3*4 7*4 112*4 % Tan. 10 2 Feb. 7 5 > 17 Jan. Feb. 23 Feb, 7 26 85*4 Feb. 24 85*4 Feb. 24 5 186 4 106 4 4 3 7 4*4 Feb. 7 *4 Jan. 5 6*4 Feb. 28 Feb. 28 Feb. 1 Feb. 3 Feb. Feb. Jan. Jan. 56 21 26 Feb. Jan. 20 24 Feb. 28 15*4 Jan. 28 13*4 Jan. 21 23*4 Feb, 4 25 Feb. Feb. Feb. Feb. Feb. Feb. Jan. 29 3 Jan. *4 Jan. 180 Feb. 1 Jan. 5 4 3 2 3 3 9*4 Feb. 24 92*4 Feb. 24 92 Feb. Jan. 25 9*4 Jan. Feb. 3 3 4 5 Jan. 4 1*4 Jan. 11 54*4 Jan. 10*4 Jan. 17 13 10 13 12 22 Jan. 13 5 11*4 22*4 9*4 93*4 5*4 Feb. Feb. Feb. Feb. Feb. 3 14 Feb. 23 11*4 Jan. 3 3 32*4 11*4 95*4 6*4 Feb. 23 Feb. 24 Feb. 21 Feb. 9 22*4 Feb. 9*4 Jan. 20 Feb. 24 10 88*4 Jan. 15 Jan. Feb. Feb. Jan. 3 17 Feb, 2 Feb. 23 Feb. 25 62 10 3 2*4 Feb. 25 18*4 Feb. 28 25 24 1*4 Jan. 5 Feb. 10 31*4 Jan. Feb. 22*4 1J 125*4 4 10*4 50*4 8 4 14*4 18 Jan. Jan. Jan. Jan. 8 17 4 Jan. 2*4 6*4 1*4 10*4 3 14 3 61 Jan. 28 Feb. 5 Jan. 12 Jan. 10 Jan. 12 Feb. 17 Jan. 11 Feb. 28 Feb. 26 Jan. 10 99 Jan. 93 54 Jan. 13 54 Jan. 2 2 4 Jan. 13 16*4 Feb. 13*4 Feb. 25 10 19*4 22*4 38*4 26*4 4*4 11*4 115*4 54 12 5 ) 30 39 18 Jan. 23 7*4 Feb. 15 5 198 52 Jan. 10 29 106*4 Jan. Jan. 4 22 20*4 Feb. 25 Feb. Jan. Jan. 19*4 Jan. 4 100 88 Feb. Feb. Feb. Feb. Feb. Feb. 4 124*4 8*4 45*4 12*4 20 754 Feb. 29*4 Jan. 65 Feb. 11 70 7*4 Feb. 10 *4 Feb". 29*4 Feb. Jan. 7*4 Jan. 11 5*4 Feb. 1 23 54 Feb. 17 21 50 11 39 23 106 12 8 18 Feb. Jan. Jan. 10 Jan. 12 Feb. 2 27*4 Feb. 25 77*4 Feb. 23 10 2 25 10 11 6 21 Feb. 5 1754 Jan. 10 Jan. 31 80 43 Jan. Jan. Jan. Jan. 23 Feb. 27*4 Feb. 77*4 Feb. 5 Feb. 92 Jan. 10*4 Jan. 20*4 Jan. 28 109 Jan, 4 Jan. 26 Feb. 3 130*4 Feb. 16*4 Jan. 26 6*4 Feb. 4 *4 Feb. 11 *4 Feb. 10 ""1*4 Feb~"II "1*4 Feb." 11 105 13*1 17 157 554 Jan. 28 20*4 Feb. 3 1 Feb. 2 3 12*4 Jan. 15*4 Feb. 18 39*4 Feb. 4 18*4 14*4 Jan. 3 15*4 13*4 Jan. 31 107*4 Jan. 27 111*4 17 Feb. Jan. 100 ' 39 90% 10 9% Sale Sale 91 Jan. 3 3 14 5*4 Feb. 4 19*4 Jan. 31 122 Jan. 8*4 45*4 12*4 42*4 14 Feb. 4 Feb. 8 Feb. 4 Jan. 26 12 4 Jan. 28 17 13 Jan. 4 Feb. Feb. 24 6 Jan. 3 2654 Feb. 2 39*4 Feb. 21 11*4 Jan. 25% Jan. 4 31 34*4 Feb. 3 16 Feb. 4 3 Feb. 4 3 Feb. 4 3 11 82 9 Feb. 4 10 88% 10% Feb. 4 20 22 20*4 2*4 32*4 17*4 1*4 Feb. Feb. Feb. Feb. Feb. 7 3 1 3 3 84 5% Feb. 4 10*4 Feb 4*4 Feb. Feb. 3 1 7 Feb, 2*4 Feb. 3*4 Feb. 8 5 3 5 5% 1154 5% Sale 45 47% 71% Sale 2 2% 4% Sale 42 19 •11 25% 3% 11% 25 23 1 25 13*4 4*4 9*4 1*4 55*4 40*4 Feb. 26 Feb. 1 Feb. 25 Feb. 1 Feb. 23 Feb. 25 94 Feb. 11 1054 Feb. 89*4 Feb. 10*4 Feb. 10 18 10 22 Feb. 3 2*4 Feb. 2 37*4 Feb. 28 20*4 Feb. 23 2 Feb. 1 6*4 11*4 554 47*4 73*4 2*4 4*4 22*4 14*4 23*4 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 25 Feb. Feb. 18 25 31 Feb. 9 11 25 25 8 9 18 13 109*4 Feb. 14*4 32*4 1254 95*4 7*4 24*4 127*4 12 13 12 21 Jan. 10 Feb. 23 Jan. 13 Feb. 21 Jan. 21 Jan. 11 Jan. 21 Jan. Jan. Jan. Jan. 12 66*4. Jan. 11*4 Jan. 12 17 56 16 50 11 10 12 8 42 Jan. 94 Feb. 82 Feb. 4 9 Feb. 4 20*4 Feb. 2*4 Jan. 31 *4 Jan. 7 3 3 17 3 Jan. Jan. Jan. Jan. 4 3 62 Jan. 3 2*4 Jan. 3*4 Jan. 27 17 3*4 Feb. 2 13*4 Feb. 23 36*4 Feb. 26 28 28*4 Feb. 18 33 Sale 28 1*4 Feb. 4 27 Jan. 4*4 9*4 4*4 41*4 1 4 35*4 Sale 61*4 04X 4 3 28 Jan. Jan. v Jan. 3 28 3 3 12*4 Feb. 3 19*4 Jan. '28 4 30 Jan. 9 112 Jan. 30*4 Jan. 5 3 *41 Feb. 11*4 Feb. 1 4 Feb. 4 28*4 Feb. 18 15 11 Jan. 20 3*4 Jan. 10 10 37*4 Feb. 28 20*4 2*4 6*4 12*4 5*4 47*4 Feb. 23 Jan. 10 Jan. 12 Jan. 8 Jan. 10 Feb. 25 73*4 Feb. 25 2*4 Jan. 10 5 Jan. 11 24*4 Jan. 15*4 Jan. 24*4 Jan. Feb. 10 11 15 4 Feb. 34*4 Jan. 9 12 4*4 Jan. 12 31 15 Jan. 12 37*4 Jan. 38*4 Jan. 11 15 15 Jan. Jan. 6 28 3 13*4 Jan. Feb. 28 4 10 12 5 12*4 Feb. Feb. 28 10*4 Jan. 4*4 Jan. Feb. 4 23 28 Feb. 1 2854 Feb. 35*4 Feb. 22 34 %-Feb. 34 Jan. 26 3154 Jan. 37*4 Jan. 64*4 Jan. 21 65 22 31 24 3 4 23 28 10 10 10*4 Feb. 5*4 Feb. 7 10 12*4 Jan. 97*4 Jan. 12 54 Jan. 18 112*4 26 13 15*4 Jan. 10 5*4 Jan. 12 9*4 Feb. 25 1*4'Jan. 7 55*4 Jan. 15 3 Feb. 12 4 116 13 140 3 3*4 Feb. 11*4 Feb. Sale 11 31 11 28 7 16*4 Jan. Feb. 33*4 Feb. 18 3 Feb. 3 25 14 9 Feb. 23 Jan. 93*4 Feb. 30 33 112*4 112 31 31% Feb. Jan. 35 4 5 Feb. 1*4 Feb. 40 Feb. 4 40 3 20 14 112*4 Feb. 4 Jan. 3 Feb. 21 29 4 554 Jan. 11 118 Feb. 17 8*4 Jan. 14*4 Jan. 28*4 Jan. 11*4 Jan. 12*4 Feb. Feb. Jan. 134 1 13% 37% 31% Sale 11*4 64 Feb. 1 Feb. 22 35 15*1 . Feb. 4 115*4 Feb. 1*4 Feb. 41 13 25 139 3 111 112% 114 32 33% 31 3% Sale 8 1 Feb. 8 Feb. Sale 30% Sale 30 37X 15% 10% 10*4 Sale 5% 5% 24% Sale 34 % Sale 55 70 Feb. 11*4 Feb. 4*4 Feb. Feb. 18 Feb. 2 36 Feb. 5 3 3 4 3 4 9 Sale 2 2% 4% Sale 13 48*4 Jan. 24 8*4 Feb. 16 17 93*4 Feb. 20 Sale Feb. Feb. Feb. Feb. Feb. Feb. 14 Feb. 35 18 Sale 4*4 14*4 6*4 12*4 25*4 34*4 58*4 Feb. 10 94 2% Sale 37% Sale 5% Sale 11 10% 4% Sale 42% Sale 3 16 41 Sale 2% Sale 32% Sale 19 51*4 Feb. 8*4 Feb. 109*4 Feb. 21% Sale 2 139 Sale 64 57*4 Feb. Sale 21% 26 30 Feb. Feb. Feb. Feb. Feb, Feb, Feb. Feb. 139 Sale Sale 14% 15% 22% Sale 13*4 11% Sale 4% Sale Feb. 114 14% Sale 375* 15*4 Feb. 136*4 13% 4% 8% 1% 50% 19 31 105 Feb. 46 9% Sale 37 11 Feb. 85*4 Feb. 24 Sale 4% 12 35 51 13% Sale 4 2 56 19 3% 11% 19*4 Feb. 68*4 Feb. 15*4 13*4 Sale 23*4 25X 22*4 Sale 3*4 Sale 7*4 120 112*4 *4 Sale 34 3 30 52% 55 Sale 31 Feb. Sale Sale 27 1 16 9 9*4 Feb. 14*4 Feb. 11 17 25 Feb. 3*4 Feb. Sale 14 109% 114 31% Sale 70 1 25 13*4 Feb. 25 23 -3 Feb. Feb. 23 Feb. Feb. 3 Feb. Feb. 74 7*4 Feb. 20 4 14*4 Feb. Feb. 25 Feb. 3 Jan 150 1 Feb. 68 7*4 Feb. 17*4 Jan. 5 Feb. Feb. Feb. Feb. 21 Feb. 25 Feb. 2 18 7*4 *4 *4 58*4 85 90 28 21 3 4 11 10 Sale 43 8% 13 26 67 Feb. Feb. Feb. Feb. 9*4 Feb. 4 11*4 Jan. 29 954 Feb. 3 18 Feb. Feb. 25 3 158 7 133 Sale 14 Sale 2 50 Feb. Feb. Feb. 3 16*4 Feb. 10 Sale 16 22 20*4 Feb. Sale Sale Sale 40 Sale 12% 4% 8% 1% 43% 35% 1 50 13% 30% 10% 95% 6% 21% 122*4 Sale 10 136 11 Feb. 158 Highest Sale Prices 115 52 6% 12% Feb. 6 162 8% Sale 92% Sale 88 89% 12% Sale 29% 30 2% 2% 17% Sale Sale 114 59% Sale ...10 Packard Motor Car.__..._..* Pan Amer Pet 8c Trans .....5 45 49 114 100 10 Sale 44 Fisheries Inc..5 6% preferred...........100 4% 127 Sale 100 Owens-Illinois Glass Co.12.50 Pacific Western Oil 6 Sale 20 51 2% 21% 22 Sale Sale Sale 19*4 Sale 90 Sale Feb. 7 109 7 5*4 Feb. 4 4*4 Feb. 21 5*4 19*4 Feb. 3 23*4 4% 183 190 105 % Sale 37 94 .... 13,400 People's Gas L 8c Coke...100 76,300 30 24% Sale 9% Sale .* 200 60 5,600 82% 11*4 1% Sale ,* 4,100 "¥,106 93 100 A........ 161,200 Pennsylvania RR Co 1,000 8% 1 Sale 51X Sale 93% 90 12% 1,200 Park 8c Tllford 500 51 Sale 314,700 Paramount Pictures.... 1st preferred... 2,800 2d preferred 34,600 19,800 6,800 5,000 2,000 6,900 5,400 7,500 2,500 9,600 3,700 6,300 1,700 106 18*4 12 1,300 3,300 tPanhund Prod 8c Ref.....* 8% conv preferred 100 1,550 Parafflne Co Inc ........* 4,100 1,400 192 105 (The) ♦ Oliver Farm Equipment....* Omnibus Corp vie (The) .* ... 560 180 Feb. 4 4 15*4 13 3 2 8*4 3 19*4 14 157 4 15*4 3 78*4 4 41 3 17*4 5 15 7 111*4 108 1% 10% Sale First 2,600 61,400 % Feb. Feb. Feb. Feb. Feb. Feb. Lowest Sale Prices 10 Feb. 2 95 85% 95 98% 100 22 Preferred 48 55 16 preferred ._* 1,260 2d preferred ..* 1,430 2,000 Pacific Finance Corp (Cat). 10 Pacific Gas & Elec 25 32,300 Pacific Lighting Corp.. • 11,700 Pacific Mills _..* 9,900 Pacific Teleph 8c Telegr..l00 1,400 11,700 5,100 3,500 51 108 107 Sale 59« 61* 29 Ohio Oil Co 30 ..... 99 Sale Sale Sale 24% 3% 4 4% 8% 9 11% 112% 115 115*4 % Sale 60% 2% Sale 2% Sale 4% Sale 5% 5% 1 Sale 1% Sale 9% Sale 0% Sale 60 Preferred 820 Pacific Coast 450 420 170 500 Sale 112 18% Sale 17% Sale 23 2% 17% 9,900 Pacific Amer 5,400 Sale 98 % 90 * Preferred 18", 900 100 % Sale 192% Sale 104 108X 19% Sale ............. * 95 98 ...100 Otis 600 Sale 88 Steel .» 68,000 15.50 conv 1st pref.......* 1,500 Outboard Marine Ac Mfg....5 1,700 .* 110 Outlet Co ,, 900 Sale 1% Sale 8% Sale 51% Sale Telegraph..50 2,200 Oppenhelm Collins 8c Co. 34.600 Otis Elevator............ 400 11,500 21,400 5 50 Norwalk Tire Ac Rubber 3*4 112% Sale 54 X 52y8 57 2 *4 Sale 5C Pacific 480 Northwestern 1,000 26% Sale 8 165,900 Northern 140 Sale Sale 7% 17 37 Sale 100 50 100 105 Sale Sale 16 3% 150 Northern Central 74",200 16% Sale 20 100,300 North American Aviation _„.l 1,300 North Amer Edison |6 pref..* 700 32 Sale 34 ...» 70 38% Sale 12 Sale 100 . 110 105 16 % 100 * American.. 14 70 39% 21 New York Dock Preferred Sale 21% 15% Sale N Y North Sale 22 34 1,100 tNorfolk Southern.......100 100 3,800 Norfolk A Western 150 J 1254 Sale ... 190 24% 158 157 132% 126% 132 19 Sale 21*4 7 6% Sale X % % % 57 52 Sale 16% Sale 20*4 27 22% Sale 68 % Sale 70% 70 Sale 71% 3% 4 3% 9% Sale 9% 61 100 17,900 tN Y N H At Hartford Convertible prefer red.. 100 20,800 13,200 JN Y Ontario Ar Western.100 67,600 N Y Shipbuilding pt stock..1 7% preferred ..100 1,740 80 New York Steam pref $6....* 7% 1st preferred.........* 40 18,000 6% 32*4 420 New York It Harlem _• 12,600 tN Y Investors Inc.. 260 N Y Lack Ac West Ry Co..100 300 78 Sale 11 40 a 65 100 1,900 Sale Sale 18*4 Sale 20 X 22 50 tNew On Tes Ac Mexico ...100 8,600 8,400 < H 58 X 1 216,500 Newport Industries Inc ...» 8,400 New York Air Brake _—-* 554,100 New York Central... 17,200 N. Y. Chicago Ac St Louis.100 150 15 80% Sale Sale 108 Sale 108% 109 6% 6X Sale 4% 22 Sale 19 18 Sale 7% Sale 22*4 Sale 154 152*4 15% Sale 13*4 77% 81 78*4 42% 45 ■ 39*4 17 17% 15*4 15 Sale 13*4 15% 13 X 136 .* 5% preferred 8% Sale 19*4 Sale 152 41 Sale 9% Feb. 12*4 Feb. 9% Feb. 7*4 Feb. 18*4 Feb. 15 Sale 42 Sale 17X8 19 7% Sale X X ........* 6% pref series A City Omnibus Corp 14% 106% 5Xs 5% 20% 14** 20 36,600 21,500 2,930 3,980 8% Sale 160 111 4*4% coav serial pref...l00 * 1,100 Newberry Co (J J) 5% preferred series A...106 450 13,700 7,100 1,210 2,220 1 Sale Prices Highest Sale Prices 9% Sale 13 77 554 Sale 4% 5 20% Sale 14% 21 6% Sale 26 X Sale 155 158*4 900 50 8% 19% 155 Lowest Ask 13 14X Sale 107X 111 75,300 2.700 217,700 6,700 n t 11 10614 .......29 41,400 National Steel 105,700 Nat Supply Co of Pa......10 $2 preferred... ......40 15,930 5*4% prior preferred... 100 3,100 6% prior preferred.....100 300 900 9% Bile 12 Sale Sale Sale 160 16 Ask Bid Bid 78 w w 67,500 National Lead............10 400 7% preferred A.........100 340 6% preferred B.........100 * 15,700 Nat Mall Ac St Cast's Co ....* 56,100 Nat Power Ac Light.. 1,400 Nat Rvr of Mei te« pref...100 5% 2d preferred........100 3,700 100 250 > 11*4 10*4 9*4 17 X 155% 14*4 ....1 100 1,300 Nat Bond Ac Share Corp....* 24,400 Nat Cash Register • 67,400 Nat Dairy Prod Corp ....—* 520 7% preferred class A....100 7% preferred class B....100 1,040 * 9,800 National Dept Stores.... 6% preferred 10 2,500 64,000 Nat Distillers Products.....* * 1,000 Nat Rnamel Ar Stamp ...—1 93.000 Nat Gypsum Co... 25,100 900 9*4 Sale Naah-Kelvlnator Corp......5 Nash Chatt Ac St Loula—100 National Acme Ask Bid Feb. 28 Feb. 1 1938 Par Share* 30,800 RANGE SINCE JAN. Price Jan. 3 Jan. 1' Shares 37 EXCHANGE-STOCKS PRICES IN FEBRUARY STOCKS N. Y. STOCK EXCHANGE Since February N. T. STOCK 7 Jan. 6 11 38 N. Y. STOCK aggregate sales February Shares prices in february STOCKS 580 5,700 31,200 300 137,400 Phillips Petroleum.... 220 400 125 20 60 Preferred Feb. 8 # Feb. 1 95# Feb. 23 6# Feb. 18 *34# Feb. 3 40# Feb. 23 Feb. 4 500 1,100 1,500 22,000 2,000 1,200 13,100 470 15,200 1,000 8 6# 34# Feb. 11 3 5# 26 5# 14,600 80,200 2,200 5,100 Feb. 300 1,300 900 14,900 145,200 600 2,000 13,400 70 40 5,000 200 8,600 46,500 230 390 770 1,700 16,200 900 69,700 600 1,860 7,500 700 28,400 400 57,000 24,800 10,600 3,100 1,300 5,600 600 7 •7# Feb. 26 Jan. 6 60 Feb. 26 Feb. 2 166 Jan. 25 5 2 163 Feb. 4 171# Jan. 6# Jan. 10# Jan. - 26 173 Jan. 27 8# Jan. 3 16#J an. _ 8 Jan. 10 12 18 Feb. 17 3 Feb. 26 Feb. 8 Feb. 25 9 Jan. 3 I? Feb. 26 Jan. 5 Feb. 4 Feb. 23 7# Feb. 2# Jan. 4 12 Jan. Sale 17,200 Poor & Co class B 38 Feb. 24 33 5 20# Feb. 8 39 Feb. 18 23 19 33 9 1 Feb. 28 Feb. Feb. Feb. Jan. 5 26# Jan. 10 4 45 Jan. # Feb. 9 1 Jan. 12 Jan. 6 13 8 Feb. 25 1# Jan. 10# Feb. 23 2 29 2# Jan. 11 Feb. 3 Jan. 10 19 10 17 14# Feb. 25 11 # Jan. 26 3 16# Feb. 3 Feb. 3 Feb. 19 1,500 1# Feb. 8 Feb. 15 Feb. Feb. 23 Sale Feb. Feb. 23 Sale Feb. Feb. 23 Sale Feb. Feb. 23 Sale Feb. Feb. Feb. 26 Feb. 17 8,700 tPostal Teleg 8c Cable nreflOO 53,100 Pressed Steel Car common.. 1 13,900 5% conv 1st pref...5 5,600 5% conv 2d pref.........50 33,100 Procter 8c Gamble.. • 2,030 Preferred .10* 34,500 Pub Ser Corp of N J common * 3,800 $5 preferred 6% preferred IOC 7% preferred........... 100 H"/„ preferred 100 Public Service El ft Gas— 900 3# 118# 32 95# 107# 123# 136 Sale 11 2,600 6% preferred........... 44,900 Purity Bakeries.. 1,800 Quaker State Oil Rfg Corp. 10 94 ..... 343,800 Kadio Corp o* Amer... • 300 J5 preferred B ......* 33,300 J3.50 conv ....... .... 5 Meet Corp........* 6% conv preferred......100 6% conv prior pref ser A100 Pe»ere Coiu>«*» 8c Brasa.... 5 2,000 Class A_ 10 560 7% preferred—.... 100 . 446.100 Republic 2,800 3,600 39,500 122 Sale Sale ...... 57,500 St Joseph Lead . ...10 7,900 tSt Louis-San Francisco. 10ft 8,500 6% preferred.. ..100 320 t1' Louis Southwestern ..loo 5% preferred...........100 22,900 Safeway Stores. ........ 800 5% preferred ..100 720 6% preferred...........100 1,420 7% preferred 100 9,000 Savage Arms Corp ....* 41,600 Schenley Distillers Corp... 5 5,000 5#% preferred 100 76,300 tScbulte Retail Stores. 1 1,700 8% preferred..........100 3,980 Scott Paper _....* ..... 41,900 tSeaboard Air Line... 4,700 4-2% preferred—......100 45,900 Seaboard Oil Co of D*I * 1,500 Seagrave Corp (The).—..* 123,800 Scars, Roebuck 8c Co.......* 68,800 Servel Inc ... 1 22,300 Shattuck (G F) • 9,700 Sharon Steel Corp * 2,000 85 conv preferred 14,400 Sharp 8c Dobme 2,200 Conv pref series A * ...* • Shell Union Oil • Convertible preferred. 100 Silver King Coalition.. 5 Simmons Co ........ Simms Petroleum 10 Slmonds Saw ft Steel Co * Skelly Oil Co 25 6% preferred...........100 Sloss-Sheffleld Steel ft Ir.100 $6 preferred Smith (A O) Corp 10 Smith ft Corona Typewr * Snider Packing ...» Socony Vacuum Oil Co Inc.15 290 Sheaffer (W A) Pen Co 100 400 5,500 29,700 42,000 9,400 2,900 19,900 1,600 2,610 510 630 1,100 1,400 2,100 101,700 4,400 6,200 6,600 266,400 100 Feb. 28# Feb. 10# Feb. 94# Feb. 8# Feb. 14# Feb. 5# Feb. 112 111# 32# H# 95# Sale 15 6 60 4 97 Sale 16 Sale Sale 19# 26 19 Sale 24 3# 30 1# 7 7# 10# 12# 60 62 2# 16# 65 60 700 ...... 30# 30 81 9 31 90 63 56 10 Sale 9# 18# 21# 2# 30# Sale Sale^ ilh 20# 72# Sale Sale 88 24 93 Sale Sale Sale 74 75 18 # 5# 37# Sale 6# Sale # 2# 20# 3# 54# Sale 2# Sale 3# Sale 13 Sale 7# 16 Sale 17 57# 4# 44# 23# 16# 60# Sale Sale 25 Sale 97 Sale 6# 18# 3 . Sale Sale H* 90 61# 13# 25 81# 70 62 # Sale 30 63 Sale 16# 85 89# 7# Sale 40# 51# 6# 6# Sale Sale 8# Sale 12# 10# 18# 17# Sale Sale 2 Sale 32 Sale 1# 2# 4# Sale 5# 18# 11# Sale 14# Sale 10 Jan. 3 10 Jan. 17 10 15 4 31 Jan. 3 509- 117 Jan. Jan. 17 11 21 118# Feb. 17 Jan. 13 Jan. 12 4 Feb. 35# 8 98# 91# Feb. 4 108 105 Feb. 117# Fet. 17 123# 17 3 135 Jan. 26 143 1 Feb. Feb. 23 Feb. 23 2 Feb. 1 9# Feb. 1 i5# Feb. 112 Jan. 30 7 28# Feb. 10# Feb. Feb. 16 3 Feb. Feb. 26 Feb. 26 Feb. Feb. Feb. * Feb. 4# Feb. 21# Feb. 19# Feb. 26# Feb. 21 Feb. 30 Feb. 25# Feb. 4 Feb. 41 Feb. 1# Feb. 6 Jan. 13 Jan. 14 12 112# Jan. 3 36# Jan. Jan. 13 3 21 3 Jan. Feb. Feb. Jan. Jan. Feb. Jan. Feb. 24# Feb. 18# Jan. 27# Feb. 3 23 Jan. 7 7# 14# 5# 60# 44# 3# 19# 16# Feb. 23 "53 Feb. Jan. Jan. 94 25 1 28 24 9 10 3 25 24 98 10 16 % 3 53 Feb. 25 16 5# Jan. 11 23# Jan. 24# Jan. 29# Jan. 15 11 18 13 15 25 10 21 3 10 10 26 26 3 22 Feb. 23 Feb. 26 7 8 Feb. 18 4 10 Feb. 85#, 90# 8#. Sale 39# Sale 55# Sale 9 7 6# Feb. 62 65 60# Feb. Feb. Sale 11 Sale 18# 21# 2# 36# 1# 2# 4# Sale Sale 3 Sale Sale 2# 5 20 Sale Sale Sale 80 Sale Jan. Jan. 28 9 65# Feb. 23 15# Feb. 23 Jan. Jan. 61 60 8 3 Jan. 30# Jan. 27# Jan. 4# Jan. 41 Jan. 1# Jan. 11 Jan. 9# Jan. 11# Jan. 12 15# Feb. 25 67# Feb. 24 66# Jan. 22 Jan. 10 4 20# Jan. 28 Jan. 15 15 13 6 3 73 Jan. 4 4 3 81# Feb. 3 63 Feb. 17# Feb. 23 3 85 Feb. 8# Feb. 10 2 41# Feb. 2 56 Feb. 3 6# Feb. 6# Feb. 23 17# Jan. 8 11 Feb. 16 51# Feb. 6# Feb. 6 Feb. 10 Feb. 1 39 3 17# Feb. Feb. 2# Feb. 14 30# Feb. 4 Feb. 3 2# Feb. 4# Feb. 16 18# Feb. 76# Feb. 87# Feb. 17 1 3 11 4 11# Feb. 4 24 11# Feb. 3 81# Feb. 62# Feb. 24 7 14# Feb. 84# Feb. 18 3 7# Feb. Jan. 29 37 Jan. 8 81 Jan. 4 85 Jan. 62# 14# 84# 6# Feb. 24 7 Feb. Feb. 18 4 Jan. 21 21 7 39 Feb. 16 51# Jan. 31 3 6# Feb. 3 5# Jan. ffl Jan. Jan. 87# Jan. 8 21» Jan. 11 46# Jan, 58# Jan. 8# Jan. 8 11 Jan. 10 Jan. 10 19 11 10# Jg 7 23 10 Jan. 19 19# Feb. 25 21# Feb. 18 2# Feb. 11 17 Jan. 27 17 Feb. 3 2 Jan. 5 29# Jan. 4 1 Jan. 28 2 Jan. 5 Jan. 10 4# Feb. 16 5 H Jan. 26 3 18# Feb. 3 72# Jan. 87# Feb. 28 23# Jan. 12 38# 1# 2# 4# Feb. Feb. 23 Feb. 5 Feb. 25 Feb. 10 20# 23# 2# 40# $ Jan. Jan. Jan. Jan. 10 12 Jan. 12 16 76# 90# 12# Jan. 3 3 2# Jan. 15# Feb. 14 11 24 Jan. 28 17 13 2# Feb. 17 18# Feb. 23 2# Feb. 15# Feb. Jan. 28 26 50 24 Jan. Jan. 65 11 18 Jan. 61 1 Jan. 17 Jan. 31 3# Jan. 38# Jan. 2 2 23 34 Sale 82 # 17 6 16# Sale uk- Sale 80 Sale 18# 75# 87# 101# 15# 24# 83# # 5# 41# Sale # 93 105 102 6# Sale 5# 2 • 22# 3# Sale 57 Sale 14 Sale 7# 16# Sale 101 # Sale 15 16# Sale 21# 80 85 # Sale 7 5# *39# Sale # Feb. Feb. Feb. Feb. Feb. 20# Feb. 10 1 79 Feb. 18 92 Feb. 2 Jan. Feb. 11 15 Feb. 3 Jan. 4 25# Feb. 85 Feb. 23 21# Feb. 4 27# Jan. 75 Jan. 4 1 # Feb. 5# Jan. 37# Jan. 10 85 1 28 # Jan. 6 2 Jan. 27 20 Jan. 3 3 # J an. 53# Feb. 4 1 10 11 3 Feb. 5 99 102 26# Sale 7# 20# 2# 18# 28# 93 Sale 92 Sale Sale 3 19# Sale 94# 93 61 Sale 62 65 55 97 99 97 98 95 17 17# 14# 19 Sale 12 Sale 15# 112# 113# 113# 2# Sale 2# 100 Sale 47 30 Sale a* 19# Sale 11# 14# 12# Sale Feb. 6# Feb. 19 Feb. 98 # Feb. 5# Feb. 41# Feb. # 2# 27# 4# 65# 3 4 4 17# Feb. 24# Feb. 16 10 1 5 Feb. Feb. 14 Feb. Feb. Feb. 16# Feb. 9# Feb. 25 24 Feb. 18 60# Feb. 4# Feb. 46# Feb. 25 3 5 Jan. 3 Jan. 27 17 2 13 7 14 Feb. 4 58 Feb. 16 8 4 Feb. 2 Feb. Jan. Feb. Jan. Jan. 18# Jan. 9 25 17 16 26# Feb. 16# Feb. 3 Feb. 1 3 100 Feb. 3 3 105 19 100 2 Sale 43# 25# 16# 64 20 18 11 Sale a* Sale Jan. 26 Sale 60 Jan. 4 # Feb. 2 81 93 2 105 Feb. 3 16# Feb. *38# Feb. 28 # Sale jaaa 25 # Sale Feb. 3 28 3 20# Feb. 4# 4# 4# Feb. 23 64 Sale 4 53# Feb. 3 15# Sale 13# Feb. 3 r8# Sale 7# Feb. 4 16# 17 14# Feb. 58 Feb. 16 2 4 Feb. 9 43# Feb. *24# Feb. 11 15# Sale 14# Feb. 17 Sale Sale 11 90# 16# Sale 14 16 6 Sale Sale 100 Sale Sale 64 57 67 60# 12# 24# 81# 3# 87 75 97 2# 17# 68 Sale Sale 3 Feb. Feb. Jan. 24 9 ja 20 28 Feb. 11# Feb. 28 15# Feb. 25 67# Feb. 24 60 Feb. 28 Sale Sale 16# Jan. 9 9 c LOO 16 3 72 70 18# 2# 3 10* lih Sale 20 2 7# 6# 20# 45# 112 34# 12# 18 96 3 9 15# Sale 81# 100 7 7# 43# Sale 8# 5# 1 3 4# 12# Sale 25 45 Feb. 39 75 70 4 Feb. Sale Sale Sale 22 23 17 24 Sale 13 1# Jan. Feb. 3# 19# 16# 24# 19# 27# 20# 3# Jan. Feb. _ 15 7 8 Feb. Feb. 8 45 Sale Sale 25 v 71 23 ..10 29,600 Sale 7# Sale 50 13,700 2,900 5,700 12,400 3,300 1,900 8,800 Feb. Sale 60 120 Feb. Sale Sale 170 5#% preferred.........100 12,200 Reynolds Metals Co * 700 5h% conv. pref 100 25,900 Reynolds Spring Co 1 88,500 Reyn. lds(KJ) lob clB 10 Common Feb. 46# Sale 1st pref 160,500 tR«dio-Keith-Orph Corp...* 54,300 Reo Motor Car Feb. Sale 112 • .......... Feb. 96 113# 29# Sale * $5 preferred.. 71,400 Pullman Company.: 228,900 Pure Oil 3# Jan. Feb. 2,800 Porto Rlcan Am Tob cl A...* Class B 46 10 Feb. Sale 14# 73,200 Richfield Oil Corp ♦ 2,000 Rltter Dental Mfe * 15,200 Roan Ant Cop Mines new.... 17,400 Ruberoid Co cap stock new.* 000 Rutland RK. pref........100 11",300 Jan. 4 48 Feb. Feb. • 5 1,200 Pond Creek Pocahontas Co, 20,400 2?0 17 3 400 Rhine Westphalia El & Pow__ 26,000 4,600 2,800 Jan. Feb. 3,960 1,200 Plttston Co (The) 27,200 Plymouth Oil 960 100 17 35 1 200 2,300 14,300 1 7# Jan. 5 25 550 400 26 Feb. 50 Feb. 25 United 700 Pref with warrants 25 310 Rengs ft Saratoga RR Co. 100 300 510 1,400 28 8# Feb, 26 13# Feb. 23 Feb. Conv pref (unstamped).100 Plttsb 8c West Vlrgtn!a:.10O 300 40 500 5# Jan. 26# Jan. 24 172 Feb. 10# Feb. 163 Feb. ...I"* 25,300 900 1,000 10 12 60# Feb. 26 Feb. 3,700 Psybestos-Manhattan • 8,500 Rayonier Inc..............1 2,400 $2 preferred 25 6,300 Reading Company........50 1,700 First preferred..........50 1 300 Second preferred.......50 2 50' Real Silk Hosiery 5 1,200 Preferred.... 100 1,800 Rels (Robt) ft Co.... • 1,000 1st preferred 100 3,200 Reliable Stores Cor 1,800 Reliance Mfg Co ....10 51,500 Rem ton-Rand 1 2,100 8# Jan. 24# Jan. 8 Feb. 16,500 Pittsburgh 1,000 690 800 29 3 Jan. 6 40 1 Feb. 35 Feb. 49# Feb. 6# Feb. 23 Feb. Sale 47 oO Feb. 100 126,400 Jan. 20# Jan. 23# Feb. 28 Feb. Feb. .. 5% preferred class A 2,100 100 30,600 85,700 1,200 16,000 18 Feb. 800 410 10 30# Jan. 100 7% pref class B • 7,400 42# Jan. 5 #% 1st ser conv pr pf.100 600 Pittsburgh Terminal Coal—1 170 6% preferred... .101' 60 600 3 18 7# Feb. 23 Feb. 350 200 *34# Feb. 8 20 10,800 3 8 Feb. 19 Jan. 12 Jan. fc 7 Feb. 23 Feb. 18 Feb. 150 400 1,630 Feb. Feb. 2# 4# # 95# 6# 81 6 46 v* 740 380 2,400 3 Sale 173# 410 ~ 6 5 11 30# Jan. 2 Sale 32,900 Pittsburgh Screw 8c Bolt...* 13,000 Pittsburgh Steel Co * Highest 1# Jan. 3# Jan. # Jan. 2# Feb. 19 4# Feb. 21 35 36 100 Highest 3 20 H 10 5 8 J* 3,400 Pittsburgh Coal (of Pa)...100 1,000 6% preferred ..100 3,000 Pitts Coke & Iron Corp... 575 $5 conv preferred * 30 Pitts Ft W & Chic Ry 100 600 300 28 Feb. Feb. Feb. 68 Sale t#o Preferred.. Lowest Sale Prices Feb. Sale 5# 5,200 Pierce Oil 8% conv pref—100 5,400 Pllabury Flour Mills 25 750 Pirelli Co of Italy Am shs 700 1,700 9,400 2,900 51 38 Prices i a* Sale 82 * 5 Phoenix Hosiery 70 • J 100 Preferred Highest Sale Prices Lowest Feb. 28 1 Ask 2 Bid 1,100 7% preferred —50 11,300 Phil* ft Reading C ft I • 76,700 Philip Morria 8c Co 10 300 Phillips Jones Corp * — 46",000 Feb. 1938 l 930 tPhlla Rapid Transit Go...BO „ 100 1 Jan. 3 Shares In range since jan. Price N. T. STOCK EXCHANGE Since Jan. 1 EXCHANGE—STOCKS 1 8# Feb. 23 22# Feb. 23 3# Feb. 10 43# 24# 14# 96# 6# Jan. 7# Jan. |11 Jan. 24 Jan. 42 3 2# Jan. 13 27# Feb. 25 5# Jan. 8* J* Jan. 11 Jan. 14 Jan. 10 Jan. 10^ 2M Jan. 22 Jan. 4 34# Jan. 10 4 93 Feb. 82# Jan. 1 12 13 17 3 3 3 3 16# Jan. 24# Feb. 90# Jan. 3 27# Jan. 18# Jan. Jan. Jan. Jan. 10 4 30# Feb. 23 Feb. 1 93 Feb. 1 Feb. Feb. 3 70 Feb. 23 55 Jan. 28 10 97 Feb. 4 95 Feb. Jan. 10 100 28 20# Jan. 3 15# Jan. 3 13# Jan. 16# Feb. 3 19# Feb. 25 1 15 4 Sale 12 Feb. 11# Feb. 14# Feb. 13# Feb. 23 16 Feb. 10 Sale Sale 113# Feb. 2# Feb. 3 Feb. 23 15# Jan. 11# Jan. 11 Jan, 13# Jan. 14 65# Feb. 25 16# Jan. 12 9# Feb. 17 Feb. 19 4 14 27 11 27 11 11 17 13 5 Jan. 3 6 Feb. 23 28 16# Jan. 10 15 15 10 Solvay Am Corp— 10,800 4,000 2,000 6#% preferred ...100 47,600 South Amer Gold & Plat 1 7,300 So Porto Rico Sug 2,050 8^ Preferred 100 For footnotes ..... see page 40 ... 110 2# 22 128 114 Sale Sale 131 24 Sale 130# 142 25 Sale 132# 142 24 Feb. 130# Feb. 28 113# Feb. 3 3 Feb. 1 26# Feb. 3 130# Feb. 28 1 10 3 112 Jan. 2# Jan. 14 113# Feb. 3 3# Jan. 22 Jan. 3 128 Jan. 4 28 13 Jan. 10 130# Jan. 27 28 Maech, 1938] N. Y. STOCK AGGREGATE SALES In Since February N. Y. STOCK EXCHAM OE Par 100 600 800 Mobile ft Ohio certlfs ..100 1,400 Spalding (A G) Ac Bros.. 260 lat preferred !Iioo 39,400 Sparlca Wlthlngton * 1,900 Spear 8c Co 180 ...... 13,300 1,000 .... ""760 77,500 800 3,960 Conv $4.50 22,800 Square D Co claaa B 133,000 Standard Brand*..... 4,300 $4.50 preferred....... 12,100 Stand Com'l Tobacco.. 48,000 (Standard Gaa ft Elec_. 72,900 $4 preferred 1 • • !IIL* 17a • .... 6,300 $6 prior preferred.... 27,700 $7 prior preferred.... 300 Sale 18 k 11 k Sale Sale Sale Sale Sale Sale Sale 27 Sale 18k 22 3 25,100 100 * 38 2 k 6)4 19)4 16)4 12)4 99,700 223,300 Standard 1,200 5,100 11,400 1,600 39,800 24.500 4,400 Stewart 28)4 33)4 31 25 OH ef N J Warner 44)4 20)4 ♦ Corp.... 10 5 6,800 Stokely Broa & Co Inc 132,900 Stone & Webster 510 56,800 11,100 57,500 13,100 8,500 100 7)4 9)4 4)4 Feb. Feb. Feb. Feb. 1 25 Feb. Feb. 3 7 Sale Sale Sale Sale Sale Sale Sale Sale 3 Sale Sale Sale Sale Sale 27,700 26,300 Sale a Sale Sale Sale 35)4 34)4 Sale Sale 25 25 Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 600 20 280 Sale 1,900 6,400 83,400 18,000 13,200 43,800 58,100 5k% preferred 50 ... 4,300 Telautograph Corp.. ...5 21,000 Tennessee Corp............5 224,400 Texas Corp (The) —25 45,400 Texas Gulf Producing Co—* 36,600 Texas Gulf Sulphur ..* 72,700 Texas Pacific Coal Ac Oil...It 135,300 Tex Pac Ld Trust ctfa 1 2 Old 3 1,600 -10< 9 Sale Sale Sale. 220 3,700 300 7)4 Sale 8)4 Sale * 55 4 Preferred * • 800' 0% preferred ...» 13,000 Troax Traer Coal... • 10 2,000' Tr«»*con Steel Co 41,400 20th Cent Fox Film Corp • 4,900 $1-50 preferred .* 5,600 Twin City Rapid Transit • 5,000 600 .... 18,400 1,200 1,300 220 Preferred.. 810 6,900 ...........100 28,900 Twin Coach Co 1,000 3,500 12,600 51,300 16,100 8,800 2,100 1,400 107,800 20,200 2,600 6,700 37,200 121,200 30^800 23J00 4,500 4,700 325,000 78^800 200 1 Ulen Sc Co —• Underwood Elliott Fisher • Union Bag St Paper, new ..* Union Carbide ftCn • Union OH, California.. 25 Union Pacific 100 4% preferred 100 Union Tank Car United Aircraft Corp... 5 United Air Lines Transport.5 United American Bosch....* ... ... 700 4 600 United Biscuit of Am 2,000 20 * Preferred .............100 20,000 United Carbon • 5[200 Unlted-Carr Fastener Corp.* 195,400 United Corp ..* 28,200 Preferred. • 15,000 United Drug Inc..... 5 16 800 United Dyewood..........10 530 Preferred ...100 26 540 United Electric Coal Cos 5 5 J00 United Eng ft Foundry... 5 12*600 United Fruit 70 6,000 2,000 56,500 15,800 6,200 4,700 430 5,700 2,100 4,500 57,200 1,000 1.600 ...... 123^200 United Gas 2'000 8,700 4,700 Impt Co • Preferred 600 United Paperboard Co.....10 Preferred ......—i. 200 U S Dlstrlb Corp 330 990 3,600 Preferred... ........ 200 8,400 2,500 500 36,300 50,500 668,500 126,200 17,300 1,200 ' For footnotes see ........100 U 8 Pipe at Foundry.......30 U S Realty at impt —» U S Rubber ...* 8% 1st preferred 100 U S Smelt Ref at Mg 50 Preferred ... ..50 page 40. 11 „k 6)4 3)4 81)4 5)4 6)4 19)4 26)4 4)4 35)4 7)4 4)4 x32H 9)4 10 k Sale Sale Sale Sale Sale 1)4 24 24 25 25 23 10 1 25k Feb. 11 Feb. 10 Feb. 11 9k Feb. 23 7k Feb. 23 26 42k Feb. 18 5k Feb. 7k Feb. 44k Feb. 4k Feb. 33 Feb. 2 Feb. Feb. 14 58k Feb. 21 3 k Feb. 10 Jan. Jan. 28 Jan. 3 3 12 4 3 3 27 78 Feb. 16 10 k Jan. 4 38 Feb. 3 8 10k Jan. 28 7 7k Feb. 8k Feb. 18 3 k Feb. 25 5k Feb. 6k Feb. 3 3 12k Feb. 15 3 43 3 11 Feb. Feb. 4 Feb. 82 9, Feb. Feb. Jan. Jan. 5k Feb li 11 8 4 4 28 8 VA Sale 2)4 59 Si* >18 9k 4k 83 2 9 6k 3 7 Feb. 24 3 \VA 24 8 31k Feb. 23 2 4k Feb. 4 31k 27 6 4 44 10 k Feb. Feb. 23 15 Feb. 3 9k Feb. 23 7k Jan. 3 1)4 Feb. 47)4 Feb. 9)4 Feb. 3 2 k Feb. 18 59k Feb. 23 Ilk Feb. 15 Ik Feb. 3 2k 47 k Feb. 3 59 k 9k Jan. 3 12 k 67k Feb. 18k Jan. 4 79 k 21k 72 k Feb. 72 Feb. 4 3 4 40 Feb. 3 Sale 16)4 13 116 39)4 Sale 67)4 Feb. Sale Sale Sale 90 75 1 7)4 9)4 Sale Sale Sale Sale 5)4 Sale 8 Sale uS* Sale 8 g8K 23 k Sale 21 3 27 k Sale 6)4 Sale 27)4- 32 15 7 Sale Sale 23 '4 Sale .66 Feb. 21k Feb. 8)4 6 7)4 8)4 Sale 81 20 k Feb. 6 k Feb. 8k Jan. Sale I* 21k Feb. 23 Sale Sale 5 79k Feb. 4 4 Sale Sale Sale 4 19)4 Feb. 72)4 Feb. Sale Sale 80 Jan 13 k 48 k Feb. Sale Sale Sale 5)4 Sale 30)4 Sale 56)4 Sale 10)4 Sale Jan 3k 13 k 8 5k Feb. 72 Feb. 8 77k Feb. 28 7 8 21)4 Feb. 22k Feb. 4 20)4 Feb. 25k Feb. 25 Sale 3 7 6)4 Feb. 8k Feb. 10 k 10)4 Feb. 26 10k Feb. 26 19 19 Feb. 23 17)4 Feb. 16 8 8 111)4 Feb. 111k Feb. Sale 39)4 Feb. 49k Feb. 23 Sale 8 18 Feb. 24 1534 Feb. Sale 3 k Feb. 23 2)4 Feb. 19 Fee Feo 5k Jan 15k Jan 23 Sale 3)4 Sale 28 k Sale 6)4 Sale 7)4 9)4 Jan Jan IB 5 Sale 10)4 18)4 Jan 24 k Feb 58 k Feb Jan 4 Sale 23)4 Jan Jan 21 Ik Jan. 4k Jan. 50 28 26 26)4 Feb. 6 29k Feb. 25 6 Feb. 7 70 Feb. Feb. 3 4)4 Feb. z30)4 Feb. 4 Feb. 8 58 7 3 3 3 9)4 Feb. 101)4 Feb. 28 4 4)4 Feb. 5)4 Feb. 69 4 2 25 3 58 Feb. 3 69 5 4 Feb. 25 9 Feb. 9 Feb. Feb. 4 4 7 k Feb. 23 33k Feb. 21 Feb. 3 21 Feb. 2 6k Feb. 23 10k Feb. 23 7)4 Feb. 3 Feb. 15 Feb. 3 Sale Sale Sale Sale 4)4 25)4 52)4 6534 6534 3 Feb. 4 Feb. 4 Feb. 3 Feb. Feb. 24 66 23 23 Feb. 65 Sale 7k Feb. 24 25 8 26 Sale 28 23 74k Feb. 21 Ik Feb. 16 7k Feb. 16 10 Feb. 15 70 Sale *eb. Feb. Feb. Feb. Feb. Feb. Feb. 5k 33 k 65k 10k 105k 5k 4 Sale Sale 8k Feb. 23 75 16 86 Sale 19 Feb. Sale 57)4 Sale Feb. 1)4 Feb. 5)4 Feb. 169)4 167 Sale 6)4 36 3134. Sale 17)4 63 Sale 3 2 k Jan. Jan. 16 8 7 47 19 1075 3 23 13k Jan. Sale Sale 17 k Feb. 19 Jan. 3 11 Sale 46 Jan. 900 9 Sale 75 6 15k Feb. 26; Sale 63 11 8k Jan. Ilk Feb. 19 Sale 26)4 Sale 4)4 Sale 22)4 Sale 14 Ilk Feb Sale 70 10 k Jan. _ 3 2 4 10 4 ' 169k Feb. Feb. 25 3 15 k Feb. 8k 10k 19k 20 111k 4 49 k 8 19k 2k Jan. 26k Jan. 28 3)1 28 Feb. 7 32k 7k 9k 80k 16k Jan. 110k Jan. 39 6 Jan. 7 Jan. 70 Feb. 4k 30k 56 )^ 9k 101 k 4k Jan. Jan. J an. Feb. 3 3 31 3 28 3 3 3 3f* 65k Ilk Feb. 28 106 4 Feb. 5k 5 k Feb. Feb. 4 Ik Feb. 5k Feb. 16 4 Jan 8 Jan. 27 Feb 57 164 Jan. Jan. 31 72 Jan 26 169 k Feb 4 Jan 69 6k Feb. 31k Feb. 17 k Feb. 5 Feb. 7k Feb. 4 8 k Jan 74 k Feb Jan 4 35^ 3 23 k Jan 2 6k Jan 3 12* Jan Jan 66 Feb. 18 63 Jan. 20 66 Feb 30k 5k 35k 75k 70k Feb. Feb. Feb. Feb. Feb. 23 9 26 Jan. 4 32 Jan 4k Jan. 3 6k Jan 25 3 35k Feb 3 75 k Feb 23 22k Jan. 45k Jan. 57k Jan. 68 Feb. 1 63 3 25 Jan. 3 Feb 68 10 12 8k Jan. Feb. 3 Jan. Jan. Jan. 3 4k Jan. 10 Feb. Feb. k Feb. 25 9 WA 27 Feb. Feb. Jan. Jan. 7k 5k 6k 42k 24 10 k Feb 18)4 Sale 81)4 Sale 80)4 82 22)4 Sale 7A 3 8 Sale 4k 7 4 a 77 26 36 38)4 Sale Sale 16 Jan. 16k Jan. 23 k Jan. 3 5 Sale 8)4 Jan. 7 k Jan. 3 13 12 8 k Feb. Feb. 2k Jan. 13 18 34^ 80 10 72 7H Jan. 3 Feb. 7)4 Feb. 20)4 Feb. 29)4 Feb. Jan. ilk Jan. 3 7 Jan. Feb. 3 3 4 27 Feb. 83 26 Jan. 15 58 k FOD. 25 UH Jan. 12 23 14 4 12 7 35k Feb. 15 54 k Feb. 24 3 5 19 13 28 10)4 Feb. 5)4 Feb. 6)4 Feb. Sale 7 Sale 88 Sale 9)4 Sale Sale Sale 4 3 5 Jan. Jan. 10)4 Feb. Sale Sale 3 4 1 10 lo 12 12 li 12 33 k Jan. 35 k Jan. 37k Jan. 3 k Jan. Ik Feb. 3 Jan. Feb. Jan. Jan. Jan. Feb. Jan. Fen. Feb. Jan. 3 26 k Jan. 11 10k Feb. 21 Ilk Feb. 10 4 5 12 57 k Jan. 24 8 125 Jan. 13 3 13 k Feb. 23 4 29 k Jan. 13 3 3k Jan. 11 26 17 k Jan. 10 21 23 23 38 Sale 44k 21k 54k 8k 7k 7k 4k 48k 119k Ilk 18 4k Feb. 14 52k Feb. 21 11 Feb. 78 25 Feb. 21 1075 Feb. 21 3 23 Feb. 25 Feb. Feb. 14 24k Feb. 23 Feb. 21 58k Feb. 21 13)4 Feb. 88 Jan. 18 3 3)4 Feb. 3 1)4 Feb. 4)4 Feb. 24 3 12)4 Feb. 4 2)4 Feb. Sale 34 3 50 Sale 15 7 Feb. 10 4 Feb. 4 Feb. 1 Feb. 4 Feb. 4 Feb. 1 Feb. Sale 4 8)4 Feb. 17)4 Feb. Feb. IYA 3 9k Jan. Feb. 26 107 k Feb. 2k Feb. 15 3k Jan. 3k Jan. 28 5k Jan. 6k Jan. 28 Ilk Jan. 13 k Jan. 28 22 k Jan. 25 24 10 Jan. lo Feb. 26 21k Jan. H 1 15k Feb. 23 24k Feb. 25 7 8k Feb. 7 3 Jan. Jan. 100 28 7 51k Feb. 23 8 124k Feb. 1 1 13 k Feb. 23 4 27k Feb. 25 3 2k Feb. 23 Feb. 51k Jan. 16k Feb. 7k Jan. 3 28 k Feb. 28k Jan. 31k Feb. 6 Feb. 8k Jan. 16k Jan. 1 8k Feb. 11 9k Feb. 23 17)4 21)4 58)4 3)4 50 6 ... 10,600 82 10] 39] 71 • 590 3,500 J* Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 4 4)4 6k 37)4 3)4 29)4 7)4 9)4 2)4 Sale 10)4 13 Sale 14] • 20 7% preferred....... 100 9,100 U S Hoffman Mach........ 5 700 5«% conv pref 50 24,400 U S Industrial Alcohol 8,100 U S Leather....... * 23,400 Class A • 600 Prior preferred—......100 90 12 * 7,200 U S Freight 37,700 U S Gypsum Co..... 24,800 33 I! 4)4 .06 15,400 U S at Foreign Secur Corp 400 100 Sale 39)4 Sale 3)4 Sale 30 Sale 8)4 Sale 9)4 Sale k 33 k 34k 35k 54k 25k 58k 10k 4 4 Feb. 4 Feb. 4 Feb. Feb. 18 5)4 Feb. Feb. 7)4 5)4 6)4 42)4 Sale 7)4 42)4 63 Sale 2 51,200jTr»-Continental Corp 600 6)4 6)4 41 7)4 45 Sale 56 preferred Tide Water Assoc OH......10 $4.50 conv pref * Tlmken-Detroit Axle Co It Tlmken Roller Bear........ • Transamerica Corp new....2 Transc St West Air Inc 5 6,400 Tran ft Williams Steel Forg* 1,900 Sale w 3 Feb. Sale 12 4 z39 18 3 Jan. Feb. 20 k Feb. 1075 preferred..........106 Thermoid Co 1 7% 84,300 3,500 28,600 31,900 60,200 29,500 8,600 13,500 20,400 11,600 2,700 26,500 8)4 Sale 800 32,200 Sale 9 10 22 k Feb. 24 Jan. 17 Feb. 3 4 12 12 3 2 8k Feb. Feb. 26 107 k Feb. 5 5 2)4 Feb. 3k Feb. 24 4k Feb. 25 Ee£- 3 7 Feb. 3 «VA Feb. 25 3 13)4 Feb. 20 Feb. 28 3 24 16)4 Feb. Feb. 28 5 Jan. 30 Feb. 1 Feb. 4 Feb. 4 Feb. Feb. 15 4 Feb. 4 Feb. 1 Feb. 3 Feb. Feb. 26 3 16k Jan. 14 21 4 7 Jan. 2 Feb. k 29)4 31)4 35)4 46)4 21)4 55)4 8)4 7)4 7)4 21 10 12 12 10 3 k Jan. Jan. 25 l\H Feb. 5 6 k 21k Jan. Feb. 23 Feb. 3 24 Sale 63 ... ..... 3,800 3,600 600 27 19 cony 14,300 2,900 Third Avenue............106 1,900 Thompson (J R)..........25 10,100 Thompson Products —* 13,400 Thompson Starrett ' 500 300 13,500 21,200 361,200 63,900 8,000 Sale Sale 3)4 Sale 1,100 The Fair Co 160 ♦ 6 39 3 24 k Jan. 22 k Jan. Feb. 11* Feb. Sale Sale 4)4 18)4 $3.60 100 600 4)4 * 2,000 Thatcher Mfg 100 49 17 23 26 Sale 8)4 100 6,300 Texas ftt Pacific 900 41 Jan. 3 Sale 6)4 6)4 42)4 3 4 Sale 8 46 3 Sale Sale Sale Sale 7 3 Feb. Sale Sale Sale Sale 21 10)4 Sale Sale 8)4 6)4 6)4 37 Feb. 2 k Jan. 7 Jan. Feb. Sale Sale purcbaae warrants. 1 Without warrants........1 1,000 Talcott (James) Inc 9 Feb. 28 3)4 Feb. 23 12 8 Sale Sale atock 32 8)4 Feb. 26 3 Symington-Gould Corp with 14,100 10,100 28 31 16)4 Feb. Sale 1)4 Sale Sale 12 11,000 Swift Internat Ltd... 15k Jan. 24k Jan. 44 100 Sale Sale 27 14)4 17)4 8)4 16)4 23)4 25 ■ 14 3)4 Feb. 22 k Feb. 24 20 k Feb.'23 50 3)4 10 ......10*' Sutherland Paper Co.... 10 13 k Jan. 3 Sale Superior Steel 28 11 Sale 2)4 Jan. 8)4 Feb. 13)4 Sale 1 10 Feb. Sale 13 )4 Sale ......... 20k Feb. 3 16k Jan. 28 30 Sale Sale Sale Sale 61 47)4 25 25 25 21)4 Feb. 17U Feb. 9)4 Co (The)...—* Supciheatei 22)4 20)4 13)4 21)4 Highest Sale Prices 75 23)4 Sale Sale 22 54)4 Feb. 3 3 4 4 2)4 Feb. 14 23)4 Sale 200 Sweets Co of Aaner (The)—50 30,200 Swift & Co 25 10,200 4,400 7)4 Feb. Feb. Feb. Feb. 23 37 75 22 Sale Sale [21 6% preferred.........—100 Sunahlne Mining Co Superior Oil Sale Sale 9 * — 120 Sale 8)4 Sale Sale 42 54 1 99,600 Studebaker Corp.. .....—1 9,100 Sun Oil * 19,900 7,100 18,100 2,500 3,700 46 Sale 3 Lowest Sale Price Sale Price Feb. 25 Sale 1 20)4 16)4 10)4 15H Sale Highest Sale Prices "3)4 8)4 Sale 53)4 Sale 18)4 Sale 7 k Sale L06 k 106 k 2k 3)4 4)4 Sale 9)4 Sale 18)4 Sale 10 3,500 StarrettCo (TheL S) 9,400 Sterling Producta Inc.. 25,400 Sale 41 39 25 300 Standard OH of Kansas Sale 3)4 22 90,100 Stand Oil of Calif 74,700 Standard OH Co of Ind Lowest Ask 22 500 Standard Investing Corp—* 34,700 Ask 75 pref Feb. 28 Sale $5.50 preferred Spencer KalloM ft Bona 300,600 Sperry Corp (The) v t c_. .."1 2,700 Splcer Mfg Co ...• A... 1,870 $3 conv preferred A.... "~I~* 110,800 Spiegel Co Inc.......... .17.2 1,600 44,100 2,010 11,500 56,300 3,000 3,300 14,300 23,200 2,300 7,700 Feb. 1 Ask Bid ..... ""loo 1 Jan. 3 1938 23.100 Sou California Edlaon., ...25 287,200 Southern Pacific Co -.100 * 128,700 Southern Railway.. 52,100 !Iioo 5% preferred..... 120,800 45,300 20,100 RANGE SINCE JAN. Price Shares 9,300 39 PRICES IN FEBRUAR STOCKS Jan. 1 Share* EXCHANGE—STOCKS EXCHANGE—STOCKS N. T. STOCK 40 In STOCKS M.7. STOCK Since February 3 1938 EXCHANGE 500 370 6,100 5,800 500 400 500 160 120 6,300 2,900 20 18,800 2,000 ~2,900 8,500 9,000 430 250 20 300 290 10 100 1,900 3,600 39,800 4,600 700 900 600 56,300 120 15,000 400 900 3,300 7,300 4,700 1,200 400 270 470 1,110 660 16,500 19,600 I,500 3,500 7,500 8,600 3,100 100 600 1,000 24,200 20,700 83,400 420 1,500 , 7 18 % 4,700 3,000 3% 10 % 16 % 13% 24% 1,500 5% 200 24,300 90,100 3,000 II,500 II,100 600 5,800 4,000 1,100 8,300 6,400 20.000 2,900 6,700 41,200 14,300 30 ""'800 1,900 600 1,700 3,000 219,800 . 510 6,300 81,700 100 15,400 29,600 27,800 * * preferred............30 * ctfs—» White Sewing Mach ...* Convertible preferred....* White Rock Mln Spgs . 39,100 No par value, a 19% 19 14 13% 3% 3% 44 Sale 6 35% 38 Sale 3 Sale Sale Sale Sale 25 9 13 1% 2} iy w* 73 Sale 84 74 Sale Si* 87 Sale Sale 113 Sale 121 * 16 4% 4% 7% 6% 1% Sale 2% Sale 24% Sale 23 % Sale 99 % Sale 74% 94% 88 Sale 14 15 32 12 Sale 34 % 24% Sale 23 Sale 94 Sale Sale 13% 14 33% 13% 14% 25% Sale 31 Sale 18 Feb. 28 Feb. 28 24 Jan. 15 19% Feb. 18 ¥ Jan. 15 13 48 Jan. 18 Jan. 10 13 Jan. 2 42 Fob. 21 3 4 6% Feb. 38% Feb. 3% Feb. 18 35 Feb. 40 Jan. 10 4% 13% 24% 17% 29% 13 8 Feb. Jan. Jan. Feb. Feb. Jan. Feb. 2% 10% 16% 12% 24. Jan. Jan. 13 14 Jan. 17 Jan. 17 13 9 4 22% Feb. 18 15% Feb. 25 3 28 Feb. Feb. 84 91 84 8 Feb. 23 2 Feb. 28 Feb. 10 1 Feb. Feb. 14 2% 1% 35% 74% Feb. 3 Feb. Feb. 24 Feb. 17 1 Feb. 4 Feb. Feb. 21 86 Feb. 7 Feb. 96% Feb. 25 88 9 121 87% Feb. 132 13 3 £72% Feb. 84 Feb. Jan. 24 102% Jan. 3 91 Jan. 29 102% Jan. 3 21 97% Jan. 3 84 Feb. Feb. 1 £117 Jan. 111% Jan. 14% Jan. 3% Jan. 7 Jan. 75 1 Feb. 1 6 114% Feb. Feb. 19 28 5 4% Jan. 23 4 121 4 1 Jan. 28 2 Jan. 5 9 17% Jan. 19 32% Jan. 3 15% Jan. 3 £26% Jan. 15 13 90 Jan. 27% Jan. 12 Jan. Jan. Jan. 14 13 10 140 13 Jan. 28 3 95 101 8* 10% Sale 10 10% 2 2% 16% Sale Feb. 16 14% Feb. 9% Feb. 3 Feb. 18 51 10 1% Feb. 3 3 16 Feb. 3 Feb. Feb. Feb. Feb. 3 4 Sale 2% .2% 5% 4% 45 Sale 45 Feb. 28 16 17 Sale 14 Feb. 3 2% 2% 2% Sale 6% Sale 7 11 27 Feb. 26 Feb. 10 11 Jan. 132 Jan. Feb. 10 10 Feb. 14%' Feb. 26% Feb. 28 13% Feb. Jan. 1% Jan. 3% Jan. 8 3 28% Jan. 23% Feb. 27% Jan. 20% Jan. 29 4 109% Jan. 87% Feb. 31% Jan. 8 Jan.»12 1% Jan. *28 35% Feb. 24 3 14 9 1 Feb. Feb. 26 3 3 Jan. 27 Feb. 27% Feb. 25 26% Feb. 25 4 100% Feb. 23 Feb. 10 139 16 7 Feb. 2% Jan. 1% Jan. 90 80 Sale 14 4 8% Feb. 23 44% 21 12 Jan. 24 Jan. 55 Feb. 3 51 Feb. 16 59 14% 11% 10% 2% 20% Feb. Feb. Feb. Feb. Feb. 3 14 Jan. 5 15 8% Jan. 2% 2% 5% 4% 52% 17% 43% 15 15 5 18 4 4 3 13% Jan. 12 2 10 Jan. 5 11 Jan. 1 1% Jan. 13% Jan. 3 3 Jan. 21 22 21% Jan. 24 Feb. Feb. Feb. Feb. Feb. Feb. Feb. 25 2% Jan. 2% Jan. 4% Jan. 4% Feb. 4 2% Feb. 25 3 3 9 23 4 Jan. 7 Jan. 10 3 3 20 Feb. 25 14% Feb. 3 20 23 66 Feb. 23 66 Jan. 25 30 Feb. 4 35% Feb. 24 30 Feb. 4 40 34% 35% 42% Sale 35% Feb. 4 44 Feb. 25 35 Jan. 26 77 70 80 65 Feb. 3 Feb. 3 Feb. 3 Feb. Feb. Feb. Feb. Feb. Feb. Feb. 65 63 84% 68% 24% 15% 92% 17% 38% 25 Sale 28 62 Jan. 24 26 20% Jan. 31 25 8% Jan. 80 Jan. 3 68% Feb. 28 27% Jan. 10 15% Jan. 21 5 93 3 18% Jan. 43% Jan. 10 12 73 Feb. Jan. 26 10 53 43 45 60 45 27 33 36 45 36 81 Sale 72% 66 65 22% 84 Sale Sale 15% 36% Sale Sale x Ex-dividend, Jan. I?" 79% Feb. 24 60 37 3 10 15 45 16% 13% 17 Jan. 23 45 International Printing Ink Corp. 6% Jan. 39% Jan. 18% Jan. 9% Jan. 2% Jan. 40 Feb. 5% Feb. 23 11 Feb. Sale 13% Sale 2% Sale 11 Jna. 81 100 1 Jan. IS 3% Feb. 8% Jan. 24% Feb. 16 65 10 8 21 60 13% Sale 37% Sale 80 73% Jan. Feb. 57 118 11 Feb. 14% Sale 38% Sale 15% Sale 13 21 21 26 20 11 28 66 51 13% 21 Jan. Jan. Jan. Jan. Jan. Feb. 38% Feb. 14% Feb. 58 12% 81% Jan. 5% 32% 110% 4% 15% 120% 6% 5% 60% 19% 43% 50 Sale 42 79% Feb. 53 8% Sale 15 27 22 74% Jan. 23 12 Feb. Jan. Feb. 2% 1% 28% £72% 137 83 62 Jan. 101 25 60 2% Sale 2% 2% 5% 5% 4% Sale 20 £23 31% 33% 14% Sale 26% Sale 101 68% 24 25 12% Feb. 96% Sale 50 23 21 4 4 85 14% 15 10% Sale 10% 10% 2% Sale 19% Sale 10 17 Jan. Jan. Jan. Jan. Feb. 1% 2% 2% 6% 18% 2 14 24 Sale 135 15 7 Jan. Jan. Feb. 118 23 63 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 117% Jan. 3 Sale 60% 1 21 % Feb. 22 30 3 23% Feb. Sale Sale 4 9 25 105 63 16 36 3 26% Sale 80 Sale 1 3 2% Feb. 11% Feb. 17 120 22 Sale 2% 3% 3% 8% 19% £80% 8% 43% 19% 13% 3% 1 4 23 Feb. 8 Feb. Jan. 1 1 5% Feb. 35 19 2% Sale 53 18% Feb. 16 3 11% Feb. 2% Feb. 15 11 76 Sale Feb. 40 1% 35% Sale 75 73% 94 88% 98 95% 90 88% 86 5 Feb. Feb. Feb. Feb. Feb. Feb. 40 23 80 P Feb. 2% 3% 7% 18% 79% 6% Sale 90 2% 2 44 15 Sale 2% 8 118 26% Sale 85 8% Sale 9% 10 X IX Sale 12% 13 % Feb. 5% Sale 35 38% 3% Sale 24 57 14 17 3 8 9 114% Feb. 113% Feb. 113% Sale 114% 4 19 Feb. 23 16 17% 17% 14% Feb. 15% 4 4 4% Feb. 10 Feb. 4% Sale 4% Sale 9 7% Feb. 25 9 7% 7% Feb. 25 7% 8 1 % Feb. 1 Feb. 14 1% 1% « i* 1 2% Feb. 23 2% Sale 2% Feb. 2% Sale 139 130 Feb. 1 120% Feb. 28 Feb. 118 21 23 14 25% Sale 2% 40 13 Feb. 2 Feb. 23 Feb. 23 Feb. -17 Feb. 2 Feb. ; 2% 3% 3% 8% Sale 81% Sale 43% 19% Sale Sale 7% 20 Sale Deferred delivery, r Cash sales, d Change of name from 18% 12% 3% 37% Sale ...5 2,700 30,900 Willys-Overland Motors....! 6% conv pref............10 16,500 * 63,300 Wilson be Co— $6 cum preferred..... 100 5,500 22,200 Woodward Iron Co..—10 91,400 Woolworth (F W)....... ..10 100 28,200 Worthington P Ac M— 7% preferred "A".. 100 40 6% preferred B— ..100 Prior pref 4%% series..100 "2,006 Prior pref 4% % conv ser 100 3,900 2,480 Wright Aeronautical Corp. • 3,600 Wrlgley (Win) Jr 25 5,700 Yale Ac Towns Mfg Co 1 652,000 Yel Trk At C'ch class B 7% preferred ......100 2,410 17,800 Young Spring Ac Wire ......* 225,200 Youngst'n Sh Ac Tube..... 5H% preferred .100 400 * 32,100 Youngstown Steel Door Zenith Radio Corp.... * 71,400 /onlte Products Corp 18% Sale preferred...........100 Wilcox OH be Gas - Sale 102 97 5%% conv pref..... 100 * 35,700 Wheeling Steel Corp.. Preferred 100 500 $5 conv prior preferred * 500 600 White Dental Mfg Co (S S).20 White Motor Co...........1 """200 40 100 Wheel'g Ac Lake Erie Ry Co 9,600 41% 2% 1% Sale 180 140 19 27 73 ... 8 79% 7% 41% Sale 120 112 15 3 82 Sale 39 Sale Sale 6 36 3% Sale 2% Sale 36 Feb. 2 Sale 5 19 Sale 10 Sale 7% 3 11 115 42 125 80% 7% 74 40% 18% 100 Westvaco Chlorine Prod Sale Sale 7 100 65,600 Western Union Teleg 48,000 Westlnghouse Air Brake —* Westlnghouse El Ac Mfg..50 180,300 7% 1st preferred .....50 870 5,200 Weston El Instrument......* """800 125 3 40% 4% 29% 3 109% 5 3% 123 Sale 2% 2% 7% Sale 72% • Class A 57 Feb. Feb. 108 3% 16% 3 120 50 118 2 % Sale Sale % Sale 3% 2 Sale 109 10% 15 Sale 25 18% Feb. 23 £23% Feb. 15 38% Feb. 18 3 4% Feb. 3 24% Fob. 38% Sale 4% Sale Sale 2 Feb. 101 Sale 28 118 preferred..........100 Western Auto Supply Co..10 Western Maryland.......100 Second preferred...... 100 Western Pacific 100 220 Sale Feb. 25 % Jan. 28 % Jan. 3 20% Jan. 5 15 Jan. 3 18% Jan. 3 97 Jan. 19 38% Feb. 18 3% Jan. 3 22% Jan. 3 108 Jan. 4 3 Feb. 5 10 Jan. 29 115 Feb. 1 42 Feb. 3 1 Feb. 2!" Feb. 20% Feb. 15% Feb. 19% Feb. 108 47% Feb. 7, Sale 3% Feb. 45 Feb. 23 Sale 10 r 99 41 Feb. 57% Feb. 145 18 22 110 115 6% 6% II 3 Feb. 12 28 Feb. 42 3 Feb. Feb. 36 Sale Feb. Feb. Feb. Feb. 144 45 27 820 West Penn Pow pref 7%—100 320 280 Sale 23 162 49% Feb. 4 62% Jan. 25 104% Jar. 2» 114% Jan. 10 Feb. 10 119 Jan. 4 130 Feb. 1 152 Jan. 20 162 1 5 Feb. 24 24 4% Jan. 4 2% Jan. 10 11 1% Feb. 8 Feb. 25 37 Feb. 3 42 25 13% Jan. 14 11 10% Jan. 10 50 Jan. 3 57% Feb. 26 26 Feb, 10 Jan. 6 145 10 140 Jan. 12 54 34 Jan. 29 18 23 1 10 2% Feb. 109 ...100 6% preferred... 5 8 1% 37 11% 53% 21 Sale Elsenlohr.........* 1 * $4 conv preferred * 300 West Penn El Co "A" 7% preferred I,300 90 3 Feb. 145 40 % Sale 25 20% 17% Sale 20% 19% Webster 11,900 1,100 4% Feb. Sale 11% Sale 60 57% 42 40% Feb. Sale Sale 97 Feb. 140 Sale 40 144 36% Feb. 4 109 17 130 125% Feb. 160% Feb. 11* 53 141 2 104% Feb. 4 Feb. Sale 42% 38 11 Highest Sale Prices 2 Sale 2 Lowest Sale Pricet 4% 4% Sale 550 Wells Fargo Ac Co Wesson Oil be Snowdrift 100 5,500 125 Highest So U Prices Sale 108 145% 130 Sale 161 Sale 162 Class B 16,700 7% preferred 100 1,550 5 166,600 Warner Bros Pictures $3.85 conv preferred...—* 2,170 .__* 37,100 {Warren Bros Convertible preferred....* 1,300 4,800 Warren Fdry be Pipe........* ...5 9,800 Waukesha Motor Co.. 20,700 Wayne Pump Co...........1 4,200 109 119 ... 600 54 Sale 16,400 {W abash. ............ ...10C Preferred A............100 17,100 Preferred B 100 230 * 4,600 Waldorf System * 8,900 Walgreen Co 4% % pref with warr 100 2,000 " 91,100 Walworth Co... 14,000 Walker(H) Gooder be W Ltd Preferred................* 1,900 4,400 Ward Baking class A.......* 800 5,400 • Sale .100 1,005,610 United States Steel.. 7% preferred.......—100 27,600 * 1,900 U S Tobacco..... Preferred ..100 430 1 12,400 United Stockyards Corp * 19,300 United Stores A $6 conr preferred ———* 1,000 1,700 Universal-Cyclops Steel....1 * 1,500 Universal Leaf Tobacco Preferred —100 290 100 560 Universal Plct 1st pref 1 19,200 {Utilities Pow & Light A 8,400 Vadsco Sales Corp..........* Preferred.. ..........100 80 72,100 Vanadium Corp of America.* .....—5 7,000 Van Raalte Co 60 7% 1st preferred 100 4,300 Vlck Chemical Co..........5 62,900 Va Caro Chemical....—...* 6% preferred 100 37,000 580 Virginia Elec be Power 4% pf* 670 Virginia Iron, Coal be. CokelOO 90 5% preferred...........100 600 Virginia Ry Co pref......l00 100 450 Vulcan Detlnning 7% preferred... ..100 250 Lowest Ask Ask Bid Sale 54% Bid Sale Prices Feb. 28 Feb. 1 Ask Par Share$ 363,200 13,900 1 Price Jan. Jan. 1 Share* RANGE SINCE JAN. PRICES IN FEBRUARY SALES AGGREGATE 80 Sale Sale 3% V SI" Sale 66 7 3 1 5 23 4 3 17 45 Feb. 28 21 13 Jan. 5 23 36 Jan. 60 68% 23% Sale 14% Sale 92% Sale 16% JV8 Sale 36 Feb. 3 11% Feb. 3 84 Feb. 1 15 Feb. 4 31% Feb. 3 Feb. 17 Sale 15% Feb. 4 Sale 12 Feb. 4 2% Feb. 4 85% 68% £19% 16% % Sale Ex-rights, 21 73 28 66 6 Jan. 21 Jan. 17 Feb. 23 Feb. 25 Jan. 25 Jan. 35% Feb. 24 46 Jan. 10 94 Jan. 10 Jan. 11 23 13% Jan. 31% Feb. 3 17 73 Jan. 29 75 20% Feb. 23 16% Feb. 28 4% Feb. 26 15 Jan. 28 22% Jan. 12 Feb. 4 17% Jan. 12 2% Jan. 3 Feb. 26 24 t Companies reported in receivership. 1 Called'or redemption* New York Curb Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES Stock Sales February Shares. YORK 1937 2,718,510 6,893,289 Jan. 1 to Feb. 28 NEW ON 1938 CURB EXCHANGE 1938 Bond Sales FebruaryJan. 1 to Feb. 28 15,344,284 34,873,631 1937 $42,399,000 102,488,000 $23,133,000 50,143,000 NOTICE—-Deferred delivery, 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 occur. No account is taken of such sales in computing the February Shares 175 600 200 1,400 275 200 550 200 600 Alles & Fisher Inc common.* 800 Alliance Investment com...* 800 500 500 Allied Internet Investing...* $3 conv preferred.........* 1,000 700 Allied Products Corp com..10 600 Class A 25 500 100 150 23,400 1,700 12,600 400 Aluminum Co common.....* 6% preferred ....100 500 Aluminum Goods Mfg......* 210 Aluminum Industries com * 300 50 10,300 6,750 900 900 6,600 400 Aluminium Ltd ....* 4% preferred...........100 11,650 American Airlines Inc 4,000 Amer Box Board Co com I ""ioo 100 Amer Capital Corp d A..10c 600 Common class B 10c 400 93 preferred............. 200 95.50 prior preferred ....* 21,400 50,100 American Centrifugal Corp.l 100 100 ; 1 Bid i6% "19% 3% Sale 14 22 32 Lowest Feb. 28 As* Bid Ask Ask 30 24 Sale IX 14 % 2* Sale 19 3X Sale 48 62% 63 52 12 % 40X Sale 54 49 1 Sale H 43% Sale Sale 20 Sale X IX 5 15 3 3% Feb. 23 31X Feb. 4 8X Feb. 23 X IX 4 23 Sale Sale 45 47% 3 2h 1 IX 7 5 7 13 % 10 Sale 77% Sale 105 2h IX 7 2% IX 8X 16 13 77 X Sale 14 Feb. 15% 70 90 16% 15 X 98 Sale .. 68 85 IX Sare 7 H Sale 3 4X 23^ 23X 57 65 1H Sale 3 7 Feb. 15 15 9% 1 50 11 4 Feb. Feb. 17 X Feb. 16 16 87 Sale 68 95 96 99 X Sale 94% Feb. 9X Feb. Sale IX 51 8X Sale IX 3 s2 Xe 16 21X 58% 65 2% Sale 11 1 4 % 8A« 8 3 % 19 16 Feb. 23 Feb. 4 Feb. 24 64 X 59 Sale 4 X Feb. 7 97^ Feb. 7 13 Feb. 105 Jan. Jan. 70% Feb. 15% Jan. 5 7 3 3 4 25 21 94% Feb. 10 8 9% Feb. 1 Jan. 27 48 Jan. 3 3 7% Jan. 23 Feb. 3 17 Xt Feb. 26 21 *59^ Feb. 14 2% Feb. 18 23 X Feb. 19 X Feb. 1 3 34 17 Feb. Jan. Jan. Jan. Jan. Jan. 2 Jan. 15% Jan. % Jan. 49 % Jan. 64 10 13 11 20 11 21 10 13 3 5 Jan. 4 54% Jan. 5 Jan. Feb. Feb. 23 IB log 9 Jan. Jan. Feb. 15 86 Jan. 3 106 % Jan. 16 4 Feb. 28 IX Feb. 23 Feb. 14 9X Feb. 23 IX Feb. 24 X 23 11 IX Feb. Jan. 52 Feb. Sale 2 X Feb. 67 X Jan. % Feb. 2X 5 18 Feb. 25 21 59 Feb. Jan. 26 Feb. 3 Feb. 8 97 X Feb. 11 Feb. Feb. Feb. Feb. Feb. 50 9X 14 Feb. 91 Feb. 1 si* 49 9 3 Feb. 70% Feb. Sale Sale 48 7 7 Feb. 11 Feb. 23 Feb. 7 Feb. 7 105 28 Feb. 45 4 90 8 106 15 X Feb. 3 16 5X 5X Feb. 25 Sale Jan. Jan. 26 2% 1% X 9% 14 14 X 81X Sale 6 H Feb. 25 15 7 10 Feb. Jan. Feb. 1 Feb. 57 IX Feb. X Feb. 6 3 23 Sale Prices 4% 32% 8X 1% 14% Feb. % 1% 14 X 40% 51X 1% Feb. % Feb. 8 46 X Feb. 25 Feb. 2X Feb. 1 15 ye Feb. 40X Feb. 51X Feb. 43 Feb. Sale Prices 26 Jan. 5 49 X Feb. 7 Feb. 14 v* Sale 57 49^ 25 6H Feb. X Feb. IX Feb. 17 X 12 3 30 3% Sale 29 X 31X 8 Feb. Sale Prices C 34 Feb. 10 1414 Feb. 3 Feb. 30 Feb. Sale 15 Highest Lowest Highest Sale Prices 9X Feb. 1 2*4 1% 7% 1 17 Sale 2% 37 6X % IX Sale ..10 700 Amer Beverage Corp. ...1 180 American Book Co.......100 80 1,300 Bid .....26 .... 500 Feb. 1938 Par ▼ t C JAN. Price Jan. 3 900 Aero Supply Mfg class A....* 12,500 Class B 2.200 Agfa Ansco Corp com. ..1 6,200 Alnaworth Mfg Corp com...5 9,900 Air Devices Corp common..1 1,400 Air Investors Inc common..* 900 Convertible preferred....* 5,500 Warrants............... 375 Ala Gt Sou RR ordinary M 670 Ala Power Co 97 pxek.......* 960 94 preferred...........—* 200 RANGE SINCE PRICES IN FEBRUARY Shares STOCKS 375 Acme Wire Co 2,000 2,700 ; year. NEW YORK CURB EXCHANGE Since Jan. 1 3,100 * for the SALES AGGREGATE In range 6 7 14 6 16 7 26 24 5% Feb. 25 91 Feb. 97 % Feb. 12% Jan. 21 10 1% Jan. 20 52 Feb. 10H Jan, Feb. 3 17 Feb. 26 21 % Jan. 25 23 57 Jan. 26 *59 5 1M Jan. 2% , 18 14 17 Feb. 17 Jan. Jan. 27 12 Feb. 14 Jan. 12 Amer Cities Power Ac Lt Corp 325 1,425 4,100 9,000 2,400 1,600 1,100 14.500 1,825 1,100 1,250 , 59,500 4,400 1,500 43,600 3,625 6,400 3,250 3,800 Class A with warrants...25 Common class B n 10 v Amer & Foreign Power warr_. Amer Fork 8c Hoe Co com...* American Gas 8c Eleccom...* American General 2,000 13,700 500 10 36,600 2,900 305 ■""800 30,600 500 21,800 400 800 Corp 7,000 440 1,600 5,200 17,800 3,000 60 600 4,900 530 1% 11X, Sale Sale 10c .1 ....1 4 Amer Laund Macfk com 20 25 Amer Light & Trac com 25 10S Preferred...... .....100 American Maracalbo. American Meter Co.. 1 ....* ... 10>i 4% 26 32 12% 18 19 24 X 27 X 12 X Sale 26 18 X 23 65 73 % Sale 22^1 22 * Sale 22 26 21X 2X 23 2X 24~X IX 23% "28 24 X 27X 10X 16 X 12 X 22 X 20 IX 12H Amer Corp. Republics Corp com 10 Apex Elec Mfg Co common..* Appalachian Elec Power— 97 preferred.... ~~8% Sale' 6 1 6% Sale 23 """Feb. 4 26 M "Feb". "24 IX Feb. 14 IX Feb. 7 12% Feb. 15 23 UX 27 12 X Sale 111 5 4X 25 X Sale 140 Arkansas P Ac L 97 pref Feb. Feb. Sale Sale 26 Sale X Sale 3% Sale 3% Sale 6% 6% • 71 1,800 Art Metal Works common...5 13,900 Ashland Oil Ac Refining Co.l 6 6X Feb. Feb. 16 3 23 *20" ""Feb". "3 22 X 82 Sale 25% 8 SX 4 Xt Sale 3X Sale 3X Sale Sale 3% 4 21 li "Feb". 24 63% Feb. 15 Feb. 24% Feb. 10 4 36" ""Feb". "21 Sale" 7X Feb. 3 8% Feb. 23 5h 5% Feb. % Feb. 11 Feb. Feb. Feb. Jan. 8 4 4 4 Jan. 26 Jan. Jan. 28 28 Jan. 26% Jan. Jan. 27% Man. 26% Feb. Jan. 7 11 15 4 24 7 # Feb. 15 3 22 28 Feb. Feb. 23 4 109 X Feb. 11 111% Feb. 1 4 Jan. 28 Jan. 12 24 Feb. 4 mFeb. 28 27 X Jan. 26 Jan. 26 13 11 Jan. 19 Jan. 15 16 Jan. 26 11% Jan.' 26 23 Jan. 28 Jan. 28 29 63 % Feb. 15 23 1 8% Sale 73 Sale 3H 4 IX 2X 3X Sale 11 13X 70 98^ %s 3X 3% 5X Feb. Feb. Feb. Feb. Feb. Feb. Feb. 69 X 14 X Sale h X* 3H a3X 3% Sale 6 Sale Sale 6X 23 12% Fob. 14 23X 19% 2% 27.^ 23 IX 11% 18% Jan. 14% Jan. 23 23 Jan. Jan. 63% Feb. 1 6 12 28 17 15 Jan. 12 26% Jan. 12 % Jan. 24 22 Jan. 3 30 Jan. "5 7% Jan. 26 9X Jan. 5% Jan. 28 % Feb. 1 7% Jan. 1% Jan. % 68 Sale 3X Sale IX IX 3X 3X 10 X Sale 12 16% Feb. X 5% 6M X Sale 73 15 63% Feb. % Feb. 22 X Feb. '"3IM Feb" 6 1 26 20 % X ~6 9 3 16% 17 X xl6 12 X Sale 12 99 X 10 Feb. Feb. Feb. 23 12 X 28 15 28 Feb. 12% 24 14 3% Sale IX Sale 3% 4X 4 33 X 10X 22 67 15 11 111M Feb . 4 4% Feb. 4 25% Feb. 11 27 12X .... 9,700 £Arcturns Radio Tube.....! 22,400 Arkansas Nat Gas com. * Class A..................* 68,700 Preferred... 10 6,800 12 X 22 109 X Feb. 4 Feb. 24 32 X 60 78 74 13 17 2 Sale 110 23 X 7X Feb. 2% Feb. Sale Sale Sale 23 2% Feb. IX Sale 4X 2X 24% Feb. 28 25 X 63% 82 X Sale % X Sale Sale 2X Amer Potash Ac Chem 4,600 Preferred................* 1,900 Amer Thread preferred 5 2.700 Anchor Post Fence com....* 2,800 Angostura Wupperman 1 1,100 5,100 "23% Sale" Sale 5,500 Amer Seal-Kap Corp com....2 57.000 American Superpower..... 1st preferred....... 1,200 ..* 600 900 3 Sale Amer Pneumatic Service... 14,100 2% 27 100 4% preferred 550 Amer Mfg Co common 400 10 30 Sale 110 ... 13,900 26 24 • Preferred 92 preferred 25 92.50 preferred. 500 Amer Hard Rubber Co com.50 """366 500 .........25 Class B..................1 40 Amer Cyanamld com cl A.. 10 31",200 400 Conv class A "6% "7" 4 Sale Feb. • 1 2 6 Feb. 3 X Feb. 7 70% Feb. 19 15 Feb. 23 12X Feb. 3% Feb. 1 1 4 Feb. 4 1% Feb. 3X Feb. 9% Feb. 2 2 23 7 4 Feb. Feb. 24 16 X Feb. 21 9 101X Feb. 3 4 1 1 3 3% Feb. 3 5 3 8 6 2 Feb. 8 3% Feb. 24 3% Feb. 10 6% Feb. 24 36 6 Feb. 2 75 Jan. 3 17 12X 3% 1% 3% 9% Jan. 28 3 Jan. 2 Feb. Jan. 31 4 Feb. 18 Jan. 14 98% *At 3% 3 % 5% Feb. Jan. Jan. Jan. Feb. 4 Feb. 4 2% Jan. 11 Jan. 6 16% Feb. 21 9 103% Jan. 8 tit Feb. 4% Jan. 28 11 28 4 4% Jan. 7 Feb. 25 68 Feb. 3 5 17 6 Jan. 26 72 7 4 11 3 H Jan. 26 4 10% Feb. 7 % Feb. 2 IX Feb. 8. Feb. 25 Feb. 23 10?^ Feb. X Feb. 1 Jan. 6% Jan. '32 Jan. % Jan. 23 5 18 26 Feb. 10 70 6X Feb. 71 Feb"." 21 Jan. Jan. 14 8 12 8 18 Jan. 8 Jan. 4 UX Jan. 27 Associated Elec Industries— 200 600 1,100 12,600 1,200 2,500 4,500 44,800 6,700 6,600 American deposit recta..£> 5,000 440 700 IX i Sale 95 preferred..............* 7 Sale 10X 11X X X IX Sale 6% 7X 10% J* 1 7X Feb. 23 X Feb. 5 Feb. 1 6% Feb. 3 2 19% % a Sale 8 1 *82 Feb. Warrants................ 8,300 Atlantic Coast Fisheries... 590 Atlantic Coast Line Co....50 10,600 Atlas Corp warrants........ 3,420 Atlas Plywood Corp........* 16,400 Austin Silver Mines........1 6,500 Automatic Products Corp. .5 For footnotes k com ......1 Class A ..................1 300 Assoc Laundries of Amer...* Atlanta Birmingham Ac Coast RR Co pref. .........100 3,000 1,600 4.600 10% Sale Assoc Gas Ac Elec see page 53. 73 3% 28 78 X 4% 70 3X Sale 4X Sale 3% Feb. 3 Feb. 3 27 % % Feb. 1 IX Feb. 11X Feb. X Feb. IX Feb. 22 Sale" 12K % Sale IX Sale Jan. 8 1% Jan. 8% Jan. 25 Jan. 3 11 5 22 % Jan. 17 82 Sale % Sale 1 2* "I"" Sale" 11X Sale X 1% Sale Feb. 4 X Feb. IX Feb. 4 10 10 4% Feb. 25 Feb. 25 5 25 3 2 3 Jan. 31 Feb. 22 3 % Jan. 10 Feb. X Jan. 1 % Jan. 6 4 3 7 4% Jan. Jan. 1% Jan. 15X Jan. % Jan. 2% Jan. 30 13 11 11 12 12 12 NEW 42 AGGREGATE YORK Jan. 3 EXCHANGE cue: Since Jan. 1 1938 STOCKS (Continued) Par 3,100 Auto Voting Machine com—* 5 1,500 Avery (B F) Sons Co 125 6% preferred w w 25 Shares Shares 1,600 700 100 200 2,110 7 6 8% 8 8 7X 18* *1* 1% 4,925 Babcock Ac Wilcox Co.......* Ask Ask Bid Bid 2X Axton Fisher Tob class A—10 3,000 Ask Lowest Feb. 28 Feb. 1 Bid Purchase warrants........ V. 500 ~ 7X 7X 7% Sale 17% Sale IX 2% 7% Feb. 4 7 2 Feb. 86 Sale Sale Prices 8 Feb. 24 7% Feb. 25 Highest Sale Prices 500 12,500 150 11,200 14 7% preferred...........30 3,510 Purch warr for com....... 43,100 1 13,200 Baldwin Rubber Co com 3,800 Bardstown Distillery Inc—1 1 41,500 Barium Stainless Steel 450 Barlow & Seelig Mfg class A.5 35,400 Bath Iron Works Corp—...1 Baumann Feb. 4 93 Jan, Jan. 26 Jan. 31 Jan. 4 Jan. 28 Feb. 16 Feb. 3 17 Feb. 21 17 4 Feb. Feb. 4 Feb. 3 Feb. 8 Feb. 25 Feb. 16 Feb. 3 $1.50 4% Sale 7% Sale 8 Sale 1% 1% 2% Sale 8% 10% 7% Sale 1% 1% 2% Sale 8 9% 3% conv 20 pref 1,000 2,200 1,900 1 3,100 Beech Aircraft Corp com 7,700 Bell Aircraft Corp common..1 8,000 Bellanca Aircraft common..1 430 100 Bell Telep of Pa 6%% pf—100 * 100 Benson & Hedges com Convertible preferred....* 2o0 100 200 1 16,700 Berkey & Gay Furn Co Purchase warrants........ 9,700 1,400 Blckford's Inc com.........* 4,500 400 60 50 2,700 4,400 12,700 S3.50 Conv pref Blrdsboro Steel Fdy • & Mach * 25 Blauner's common.........* 25 100 3,600 1,000 3,700 150 8,600 Blue Ridge Corp com..... —1 * $3 opt conv pref 2,200 12,300 Blumenthal (S) A: Co com Bohack (H C) Co common 275 100 7% 1st preferred 150 .25 700 Borne Scrymser Co » 700 t Botany Con sol Mills com 100 800 Bliss (E W) Ac Co common...1 525 Bliss & Laughlln Inc com.. 33,050 Sale 6 5 6 6 8 5 6 Feb. 28 24 12 23 12 * 1,000 Bourjols Inc "6"'"Feb." "4 8 14 Feb. 21 1% Sale Sale 16 3% Sale U6% U7% 6 4% % Sale" x» Sale 11 10 1% 13% 3% 1% IS 8% Sale Sale 1% 14% 4% Feb. 23 Feb. 17 Feb. 11 Feb. 15 9 Feb. 15 Jan. 18 7% Feb. 9 6 Jan. 6 8% Jan. 12 "6" ""Feb"." "4 6 Jan. 7 6% Jan. 29 1% Feb. 12% Feb. 3% Feb. 19 3 Jan. 12 3 11 10 Common 1,500 1,400 1,200 1,050 2,400 6,400 4,000 7% 1st pref 2d preferred 11,300 27,900 6,500 580 it* I 6 Sale 7% Sale aYA ^ 7% 7% Sale" 1 % Feb. 12% Feb. 3% Feb. Feb. 8 3 Feb. 24 3 Feb. 26 19 1% Sale 38 5% Sale 2% 3% 15% 17% 10 10 % X % 3% 4% 1% Sale 38% Sale 7 8 100 Brazilian Tr Lt Ac Pr ord Ill Corp Aeronautical.. -.1 Preferred..............100 4,100 Brill Corp class A 100 700 850 1,350 * ..._...* Class B • preferred..........100 7% 500 Brlllo Mfg Co common 200 % Feb. 17 160 Feb. 9 118% 5% 17% % Feb. 10 119% Feb. 10 Feb. 23 Feb. 23 Feb. 23 Feb. 11 Feb. 7 7 Feb. 116 Jan. 4 119% Feb. 1 10 "7% Sale' 1«* Feb. 23 Feb. 30% Feb. 1 19 Feb. 23 Feb. 3 % Feb. 11 7 Feb. Feb. 1% Feb. 37 Feb. 1 10% Feb. 30% Feb. 19 5 7% Feb. 10 8% 9 9 % 9% 37 38 7% Sale 1% 2% 15 17% 10% 11 2% 16% 9% 3% 17% 11% 3% 4% 3% Sale 1 1% Feb. 6% Feb. 3 3 9 19 4 1?% 5% 15% / X Xi 9% 30% 7% Feb. 23 Jan. 14 Jan. 31 3 Jan. Jan. 12 Feb. 19 5 Feb. 11 Feb. 3 9 8% Feb. 19% Feb. 23 6% Jan. 17% Jan. 3 1% Feb. 38% Feb. 37 8 1 1 Feb. 25 2% Feb. 16% Feb. 3 6 2 Sale 6% 4 Sale Class A X Feb. 15 15% Feb. 23 3% Feb. 28 ._.* % Feb. 3 Feb. 2 10 9% Sale Sale 85 % % 3% Sale IX 2 25 22 7% 8% 1% 11 6 4% 8% 2% 11% 6% 4% Sale 3 Sale 11 Sale 5% 4% Sale 4% 9% 9% 2% 10% 5% 4% 20% 8% 24 9% 3% Sale^ Feb. 14 7 Feb. Feb. 28 2 Feb. 8% Feb. 1% Jan. 31 Feb. 19 5% Jan. 3 4 Feb. 5 7 2 100 1% Feb. 25 16% Feb. 24 3 Feo. 23 11% Feb. 23 6% Feb. 24 5% Feb. 3 3,200 100 200 Coupon stock (bearer)_.._* Registered Amer .* ..... dep rets ord bear. £1 £1 Amer dep rets ord reg British Celanese Ltd— Am dep rets 1,050 1,500 100 500 6,8v>0 400 150 ord reg_..10s 25 British Col Power class A_ 5,050 JBrown Co 6% pref —100 3,700 3,300 10,400 Brown Fence & Wire com 1 4 10% Feb. 23 3 85 %, 3% IX 18% 8% Feb. Feb. Feb. Feb. Feo. 3 3 3 7 14 Feb. 18 % Feb. 23 4% Feb. 23 1% Feb. 3 23 Feb. 10 8% Feb. 25 20 J* 20 X 20% 21 20 20 20 21 19% 21% 21% 26% 26X 27 % 27 X 26% Sale 26% 27% 26% 26% 27 27 20 Brown Forman Distillery...1 Brown Rubber Co. com.....* 4u0 Bruce (E L) Co 1,250 Buckeye Pipe Line 5 50 750 4,500 1,600 17,800 27,400 Bunker Hill & Sullivan..2.50 $5 1st preferred * 500 Burma Corp. Amer dep rets.. 200 3,800 IX ,■ IX 25 Sale 22 5 X 24 1% Sale 6 6% 1 30% Febl 1!* 1 % Jan. 13 39% Jan. 9% Jan. 17 12 8 24 19 15% Jan. 10% Jan. 6 4 10% Jan. 5 3% Feb. 24 %iJan. >8 4% Jan. 13 11 7 1% Feb. 25 16% Feb. 24 % Jan. 7 Jan. 1% 10% 5% 3% 7 Jan. 7 Feb. Jan. 31 Jan. 8% Feb. 5 4 81 Jan. X, 3% 1% 18% 7% 3 Feb. 3 Feb. Jan. 26 7 Feb. Jan. 11 Jan. 5 19 28 Feb. 23 3 12% Jan. 7% Jan. 5% Jan. 5 12 14 10% Jan. 10 85 Jan. - 3 26 4 j Jan. Jan. 21 Jan. 271 8 Jan. Feb. 21 Jan, 5 20% Jan. 21 11 13 10 25 22 27% Feb. 25 Feb. 25 25% Feb. 18 1% V- 27% Sale 7 27 Sale 8,700 Burry Biscuit Corp 400 700 Cable Elec Prod 200 400 12 %c 6)4 9 Sale 21)4 22 2J4 2 3 Sale X 2% 3% 3% Sale 7% 9% 36 2% 3 3% Sale 9 Sale 37% 38 39 21% Sale "l4"" Sale * v t c Sale 3 39 22 13 13% Sale Sale 2% 2 X 3% 2% % Sale 2% 2% % % 3 Feb. 3 6% Feb. 8 2% 3% 7% 36% 21 % 95% 11% 2% 2 3 Feo. 11 Feb. 7 Feb. 3 Feo. IS Feb. 3 Feb. 4 Feb. 15 Feb. 5 27 26% Jan. 28 Feb. 28 25 2% Feb. 11 4% Feb. 23 25 33 Jan. 22 Feb. 3 31 Jan. 10 5 Jan. 3 7% Jan. 12 22 7 Jan. 8 2% Jan. 6 Jan. 2% Jan. 7% Feb. 4 22 Jan. 8 3% Jan. 13 4% Feb. 23 3 9 Feb. 28 37% Feo. 23 35 Jan. 26 39 Jan. 3 22 21% 95% 11% 2% Jan. Feb. Feb. Feb. Jan. 19 22 Jan. Xt Jan. 31 12 20 Jan. Jan. 21 Jan. 4 Jan. 8 9 Feb. Feb. 28 15 98% Feb. 16 14% Feb. 26 2% Feb. 5 3 Feb. 23 % Feb. 2 9 Feb. 3 % Feb. 9 1 5 3 23 23 4 Feb. Feb. Feb. Feb. 25 4% Feb. 25 1 Feb. 5 1% Feb. 25 % ; Feb. 25 26% Jan. 27 25% Feb. 18 33 26% Feb. 1 25% Feb. 18 Class A preferred........ Buff Niag & East Pow pref.25 1,200 12 12 19 Feb. 23 Feb. 3 9% Jan. 24 21 1% Jan. 12 10% Jan. 2% Jan. 16% Jan. 21 Feb. 12 Jan. ..._-* British Amer Tobacco, Ltd— 2,600 1% Jan. 15 British-American Oil Co 400 Feb. 23 19 Feb. 20% Jan. 81 %« X 3% Sale 1% 2 19% L7% 8% 9% 4 8 5% Feb. 10 Jan. 2 Sale % 1% 12 % it* Jan. Jan. 165* Jan. 160 7 17% Feo. 19 37 165^ 3 119 5 % 1 o Sale 100 700 Bright Star Elec class B 600 2,300 .... 10,200 Bridgeport Machine com....* 120 10 Sale 160 lis" 119% 117% 10% Sale Tx * 2,200 500 Breeze 4% Jan. 15 9% Janl 15 1 % Jan, 8 2% Jan. 8 4% 8% 1% 2% Bowman Blltmore Hotels 2,000 Brewster il 23 510 Bell Telep Co of Canada.. 100 40 7,000 Sale 13 13% 3% 6% 1% 1% 8% Feb. 13% 3% 7% 1% 1% 8% 2% Jan. 82 20 82 20 17 3 17 15 12 Jan. (L) Ac Co com....* 7% 1st preferred 100 600 Beaunit Mills Inc common. 10 100 15% 8% Jan. 8% Jan. 91% Feb. 26 14% Feb. 94 7 28 Feb. 17 10 16 Jan. 20 Feb. 90 7 21 21 Sale 7% Jan. 17% Feb. 28 2% Jan. 13 14% Feb. 3 17% Feb. 28 18 Sale Lowest Sale Prices Highest Sale Prices Baldwin Locomotive— 2,410 20,400 3,800 1 Price W YOR In RANGE SINCE JAN. PRICES IN FEBRUARY SALES February EXCHANGE CURB 4 15 5 3 100% Jan. 6 4 Jan. 10 3% Jan. 3% Jan. 15 12 % Jan. 25 18 Cables Ac Wireless— Am dep rets pref sh _£1 900 Calamba Sugar Estate Co.20 250 Canadian Car & Fdy oref—25 400 100 400 1,400 "~6~, 600 17,100 100 Can Indus Alcohol cl A.... B .....* non-voting Canadian Marconi C0......I * 25c 100 Capital City Products 11",400 37,000 200 100 300 2,500 700 "3", 800 5)4 22 19 19% 21 3% 4% 3% 4 1)4 Sale 10% Sale 1)4 Sale 14 X A stk * Class B ..* 1 21 3% 3)4 19 20)4 IX Sale 5 20% 20% 3% 3% 1 7% 1% Sale 22 23 4 4% 1% 9% 1% 70 $6 preferred..— 21 3% 5 20% Sale 1% 1% 2X 70. 26% 5% 12% 19 2% 4% 3% .....* 44,600 Carrier Corp common..!—* 3,400 Carter (J W) Co common....1 * 2,400 Casco Products 100 Castle (A M) Ac Co.........10 12,900 Catalin Corp of Amer 1 4% 19% 22 3% 5% 22 23% 4% 3% 4 1% Sale 9% 10% 1% Sale 5 20 23 28 X 6)4 Sale Sale 11 Sale 17 23 2X Sale Sale Sale 14 24% Sale 21 Feb. 1 Feb. 18 Feb. 23 5 '"!%'Feb." "2 1% Feb. 17 Feb. 11 15 3% Feb. 11 7 21 13% 3% 21 4% 15 20 23 20 Sale 73 Feb. 1% Feb. Sale 5 10% 5% 11% 22 Feb. 4 15 Feb. 3% Feb. 12 6 22 Jan. 25 4 23 Feb. 23 4% 3% 1 % 10% 1% Jan. Jan. Jan. Jan. 8 26 Jan. 10 11 11 Feb. 11 4 26 Jan. 27 10% Jan. X Jan. 3 27 15 Feb. 11 3% Feb. 11 20 21 1% Feb. 79% Feb. 3 2 73 1 65% Feb. 1% Jan. 7 70 23 Feb. 4 3 24 30% Feb. 25 5% Feb. 1 23 5% Feb. 13 10 10 Feb. 2% Feb. 3 Jan. Feb. Feb. 25 2% Sale Jan. 1 65% Feb. 29 5 3% Jan. 75 15 250 Carolina P Ac L $7 pref......* 20 900 conv 1,100 Carnation Co common 11,000 Carnegie Metals Co com 170 22,200 Carib Syndicate com 100 Carman Ac Co 100 5 Feb. 3% Feb. 9 10 Feb. Feb. 5% Jan. 5 3 15 7 4 13 Feb. 24 24% Jan. 2% Jan. 12 5 Celanese Corp of Amer— 400 2,700 50 150 300 1,400 2,100 450 $7 dlv preferred 4,000 475 Cent Pow Ac Lt Sale 4% Sale 67 Feb. 3% Feb. 13 12 12% 12% 12% 100 100 89 6 7% pref—.100 89% X Sale 78 80 85 72 Sale 76 85 Sale 7% 76 6% 8% 78 Jan. Jan. 10 18 4 10 6% Jan. 3 Jan. 21 Jan. 8 17 It* 3% Jan. 82 Jan. |14 26 Feb. 4% 64% 23% 12% Feb. 26 Feb. 25 Feb. 26 Feb. 9 61 Feb. 24 69 Jan. 12 18 Jan. 31 12 Jan. 27 23% Feb. 12% Jan. 26 6 84 79% 84% 6% 71% Feb. 3 Jan. Feb. 3 1% Jan. % Jan. 27 27 Feb. Feb. 15 4 79% Feb, 17 84% Feb. 21 7 4 31 Jan. Jan. 80 32 71 24 12 Feb. 3% Jan. Feb. 21 3 Feb. 20 10 X 67 Jan. 4 61 ...1 Cent Ohio Steel Prod 4% • Cent Hudson G & E com....* 40 Cent Maine Pow 7% pref 650 Cent N Y Pow 5% pref 30 270 1,100 70 600 7% 1st partlc prof 100 3,300 Celluloid Corp com.......13 1st preferred.............* 140 15 2!* si* 4 '3 8 Feb. 3 86 Feb. 8 Feb. 3 21 Feb. 3 71% Feb. 9 76% Feb. 24 1% Feb. % Feb. 5 7 1% Feb. 23 X Feb. 24 Feb. 17 Feb. 21 9 4% Feb. 84 Jan. 7 8% Jan. 12 77% Jan. 24 90 Cent Ac Southwest Util— 3,400 24,500 6,700 39,400 200 800 850 2,325 150 """loo 1,800 100 50c Common Central States Elec com—.1 7% preferred 100 6% pref without warr..100 Conv preferred 100 Conv pref opt ser 1929..100 6,100 Centrifugal Pipe Corp......* 1% X 13 2X Sale Sale 5X Sale 6X 12% 4% 8% 3 X Sale 1% 1% % Sale 11% 14% 5% Sale 7 5 4 12 7% Sale 1% ! 1% % Sale 12% 14 5% 6% 7 9 13 4% Feb. 15 6 5 12 Feb. Feb. 25 Feb. 21 , 3% 7% 3% Feb. 9 2% Jan. 8 X Jan. 12 Jan. 14 15 4% Jan. 28 6% Jan. 12 21 7% Feb. 21 Feb. 21 9 Jan. 9 9 5 9 Feb. x3 % Feb. 3 4 3% Jan. 3 4 9 6% Feb. 24 7% Feb. 1 6% Jan. 31 Feb. 21 8% 5 12 Feb. 1 Jan. 7% Feb. 21 Jan. 5 Chamberlln Metal Weather 300 1,000 300 For footnotes Strip Co 400 Charls Corp com 5 10 150 Cherry-Burrell Corp com...5 see page 53. 6% 5% 7% Sale 6% 7% 7% Sale 6% 7% 6% Feb. 7 Feb. 21 7 20% Jan. 26 8% Jan. 18 7% Feb. 21 21 Jan. 13 march, 1938] AGGREGATE In new SALES Februdry Shares Bid 450 4,750 2,000 3,800 4,050 Chesebrough Mfg 2." Chicago Flexible Shaft Co..5 Chicago Rivet & Machine...4 100 161,800 15,800 1,500 Cities Service common......* 800 2,200 2,675 66,800 5,700 800 90 Chief Consol Mining Co 400 We We 28 noH Sale Sale 600 Cllnchfleld Coal 4,900 Club 100 com Aluminum Utensil * com 29" 4 Sale 1% 28% Sale 3% 2% 28 30 38 33 Sale 28 32 39 29 Sale 4% 36 • 5 38 Sale 36% 22 18 20 1% Sale 30% 36% 4% Sale 3% 3% 1% 1% Sale 2 33% 32 4% 4 1% Sale 4% 2% < 5,200 2,100 2,300 1,200 5,500 6% convertible preferred£l 11,400 Colorado Fuel & Iron warr... 4,300 Colt's Patent Fire Arms MfgJS Columbia Gas Ac Elec Corp— 725 5% Conv preferred .100 1 35,700 Columbia Oil & Gas com Commonwealth dc Sou Corp— Warrants.. 62,200 250 28,200 700 ~ Feb. 1% Feb. 26% Feb. 2% Feb. 3 Feb. 9 100 Jan. 5 107 59% Feb. 28 8% Feb. 3 % Feb. 4 40 Jan. 57 39 26 Feb. 24 1% Feb. 1 40% Feb. 23 3 Feb. 19 33 23 Feb. 32% Feb. 23 Sale 26 Feb. 29 Fee. 67 72 Feo. Sale tin 5% 3% 20 2% Feb. 24 900 1,750 Community P & L 1st pref..* Community Public ServiceCommon 2,200 ........25 2,900 Community Water Serv .....1 900 1,800 4% Feb. 3% Feb. 19 18% 1% Sale 20 33% 5% 2% 1% 30% 4% 2% 1 % 8% Feb. 1% Feb. 35% 6 3% 1% , Feb. .8 Feb. 4 Feb. 24 Feb. 1 Feb. 15 23 Feb. 23 Feb. 3 Feb. 9 1% Feb. 3 9 Feb. 18 2% Sale 3% Sale Sale 3% Sale 3% 4% 5% Sale 2% Sale 4% Sale 5% Sale 2% Feb. 3 8 67 Jan. 3 Jan. 25 17% Jan. 27 Jan. 17 3% Feb. 23 20 Jan. 18 1 2,500 36,800 3,600 c ext to 1946 5,500 Consolidated Biscuit Co 1 106,300 Consol Copper Mines.......5 5,600 Con Gas E L Ac P Bait com..* 370 5% preferred A ......100 "2"700 6,000 Consol Gas Utll com 3,950 Consol Min & Smelt Ltd 1,000 56 Sale & Sale 58 Sale 4% Sale I Sale Sale 30% 4% 2% 1% 8% 3 3% Feb. 23 2 4% Feb. 6% Feb. 23 % % % Sale 3 3% Jan. 4% Feb. 2 7% Jan. 12 27 61 Feb. 23 3 60 Jan. Feb. 25 53 Feb. Feb. 8 24 Feb. 25 Sale Feb. 8 3 4% Jan. 7 1 % Jan. % Feb. 3 % Jan. % Jan. 13 18 21 Feb. 8 28 Jan. 18 19 Jan. 3 21% Feb. 25 % Jan. 4 % Feb. % Feb. 4 % % Sale We % % Feb. 4 12% Sale 14% 15% 12% Feb. 1 15 4 4% 4 % Sale 63% Sale 4% Sale 66 Feb. 4 5% 62% 4% Feb. 61 % Feb. 3 17 % Feb. 1 58 Feb. 16 3 Feb. 4 ...1 % Sale 5 54 3 . ""'ioo 3,000 425 Cont'l G At B 7% pr pref 175 100 9,200 Cont Roll Ac Steel Fdy com..* 300 Continental Secur common.* 300 Cook Paint Ac Varnish Co * 300 57 3% 81% 82% 1% 1% 3% Sale 75 500 Continental OH of Mexico.. 1 200 2,300 68 80 s Sale^ % Sale 60% Sale 3 70 3% 81% 2 1% 4% Sale 75 773 % 6% 4 % 60% Sale 62% J* oW 80 1% 1% 70 7rlH 4 1% Feb. 18 4% Feb. 4 72% Feb. 24 %# Feb. 23 Feb. 26 4% Feb. 17 5% Feb. 23 64 Feb. 2 % Feb. 9 62 12% 3% 4% 61% 113% % Feb. 23 58 3% Feb. 23 3 80 1% 4% 75 % Feb. 18 1 Feb. Feb. 19 9 10 8 10 6% 9% 7% Feb. Jan. Jan. 1% Jan. 3% Jan. 11 3 72k 3 Feb. 24 We Feb. 23 6 Feb. 3 7% Feb. 23 6 Feb. 2 4 2 9% 28 4 Jan. Feb. 9 Feb. 12,100 Cooper Bessemer Corp com.. * 100 400 ♦3 prior preferred....... 200 4,600 Copper Rang* Co......... 800 Copperweld Steel com.....10 10,500 1,100 24,100 Cord Corp ........5 4,400 Corroon Ac Reynolds.... ...1 1,200 100 500 9,300 1,200 22,500 2,400 1,300 54,800 9,100 13,300 2,200 1,800 100 3,300 25 75 800 150 500 mmmm «. Sale 19 1% 2% Jan. 27 1% Creole Petroleum com 5 Crocker Wheeler Elec Mfg..* (The) Brewing Co 1 Preferred % h 23% Sale 6% Sale We 200 6% preferred ii 1% Sale 3 600 Cusi Mexicans Mining.. 25 * 7 Sale 6% Jan. 12% 8H 20 6 7 300 200 1,700 700 cum preferred... 6 1 Sale Sale Sale % 3% 4% 10% i% % 4% 5 m n 25% Sale >% 6 % Sale 'a 3% 4% 10 Sale 3% 5 11 1% Sale 65 Feb. Feb. 3 65 1% Feb. 9% Feb. 4 2% Feb. 23 11% Feb. 23 4 3 3 27 3 Jan. 27 1% Feb. 11 2% Jan. 3 29 20 65 Jan. 1% Feb. 9% Feb. 4 Jan. 12 13 29 3% 1 200 Diamond Shoe Corp com 200 Distilled Liquors Corp 3 4 26% 30 3 4 26% % Jan. Feb. 23 22% Jan. 5% Jan. % Jan. Feo. Feb. 9 Feb. Feb. 18 Feb. 14 Feb. 21 4 Feb. Feb. 7 Feb. 15 3% Feb. 18 4% Feb. 25 10% Feb. 21 d* Feb. 2 Feb. 15 4 Feb. 17 Jan. 12 Jan. Jan. Jan. 200 Am dep rets ord reg 5,400 Dlvco-Twin Truck Co Feb. 8 Feb, 21 7% Sale 9% 12% 8% 9% 7% 12% 9% 21% 8 15% 10% 23 6% 29 4 15 Jan. Jan. Jan. Jan. 15 4 7 12 80 Jan. 20 % Jan. 8% Jan. 8 10 4 Feb. 2 9% Jan. 12 iVi 2in m Jan. 17 Feb. 18 Jan. Jan. Jan. Jan. 72 15% Sale Feb. £1 9% 12 12 75 50 1,000 "i'.Ioo ~3~666 L) % Feb. 7 Feb. 10 3 20 22 6% Sale 2% 6 Sale 2% 17 9% 14% 1% 3% 3% 17% 9 9% 8% 12% 1% 2% 10 14 2 3 3% Sale 20% Sale 9 Feb. 14 10 Jan. 1% Jan. 17 Jan. % Jan. 7 5 3 15 18 Jan. Feb. 25 Jan. 26 8 Feb. 2% Feb. 3 8 17 8% 12% 1% 2% Feb. Feb. Feb. 4 3 Jan. 3 Jan. 28 22 23 18 Jan. 12 6 Jan. 26 Jan. 28 2% Jan. 31 3% Feb. Feb. 3 3 58 9 Feb. 23 Feb. 3 Feb. 9 Feb. 10 Feb. 23 Feb. 23 Feb. 11 Feb. 8 10 3 22 3 16 Feb. 15 17 12% 1% 2% 3% Feb. 16% Feb. Feb. 12 11 Jan. 10% Feb. 10 15 12 21 Jan. Feb. Feb. 15 26 Jan. 28 il* 1% 10% 3% 29% 105% 3 3 7 11 8 Feb. Jan. Jan. 2m 5 8% Feb. 23 12% Feb. 25 10% Feb. 23 50 Jan. Jan. 6 27 8% Jan. 27 12% Feb. 3 1% Jan. 2% Jan. 2% Jan. 15% Jan. 14 Jan. 10 Jan. Jan. 27% 3% 25% 26% 3% 24% Sale 3 3% 10% 11% 14 14J* 15 12 % Sale 3 12 13 13% 14% Jan. 7 Jan. 26 Feb. 5 Feb. 8 % J an. 750 15% 16% 15 20 17 19 14" 18 16 19 18 21 2,000 22 Feb. Ouke Power com Co 1 100 450 54,700 Eagle Plcher Lead Co... 10 5,200 Eastern Gas At Fuel Assoc..* 6% preferred 100 2,650 4H% prior preferred... 100 1,350 175 700 Eastern Malleable Iron Co.25 For footnotes ..... see page 53. 23 7% Jan. 17 Jan. 28 40 3% Jan. 58 9 %i Feb. 7 17 Jan. 110 8 14 Jan. 2 Jan. 12 3% Jan. 3% Jan. 11 12 8 22 Feb. 23 Jan. 18 9 Jan. 8 24% Feb. 28 3% Feb. 7 24% Feb. 12 11% Feb. 13% Jan. 13 Jan. 67 21 16 Jan. 12 17 26 Feb. 21 55 Feb. Feb. 3 63 4 20% Jan. 1% Jan. 7 2 Feb. 28 3 65 Jan. 3 Feb. 7 3 24% Feb. 28 3% Jan. 18 Jan. 24 15% Jan. Jan. 4 14 Jan. Feb. 21 3 17 Feb. 55 Feb. 57 Feb. 16 Feb. 20 17 4 16 Feb. 21 22 Jan. 15 ........100 Corp 200 Durham Hosiery cl B com...* 4,100 Duro-Test Corp common...1 6,100 Duval Texas Sulphur.... 2,300 2,400 3 8% Jan. 6 12% Jan. 7 10% Jan. 21 Co— Driver Harris Co common..10 7% preferred 24% Feb. 3% Feb. 11% Feb. 12 16 Feb. 9 9% 7% preferred...........100 90 Draper Corp * Dublller Cond 10 1% Feb. 14 5* 6% Feb. 15 12% Feb. 25 3 8% Feb. 20 6 Jan. 6 102 Feb. com.. Shoe 25,075 500 (W 10 67 3 Douglas 17,300 1,100 1,150 26% 10 Ac Coal B..25 20 Dominion Textile Co 12 12 11 6 9% Feb, We Jan. 105% Feb. We Feb. 14 9 com..l 1,400 Dominion Steel 10 13 Jan. 2% Jan. 13% Jan. Jan. 29% Jan. 3 We Sale % Sale 8% 12% 1% 2% 2% 400 Do bee km un Co common....1 300 19 5 3% 81% 1% 5% Distillers Co Ltd— 200 100 17 Jan. 4% Jan. 3 1% Feb. 26 30 * 5 14 % 3 % 4% 10% 1% 6 58 20 w w 13,000 Detroit Gray Iron Fdry com. 1 2,500 Detroit Mich Stove Co..... 3,800 Detroit Paper Products 1 8,900 Detroit Steel Products.....* Feb. % Feb. 18 4 22% Feb. % Feb. 14 9% Feb. ._* Detroit Gasket At Mfg Co 6% preferred 3 Jan. 4% Jan. 17 40 9] 73 16 $4 % 23% We Sale 35 200 Sale Feb. 1% Feb. 11 3 2% Feb. 105 % Feb. 9% Feb. 50c Class A 4% 32 1,400 Dejays Stores Inc common 1 10 Denniaon Mftf 7% pref 100 7,400 Derby Oil At Ref com.......* 3,160 11 Sale 26 7,400 Dayton Rubber Mfg..... 350 500 1% 10 10 com v t c 500 Davenoort Hosiery. 2,700 1% 9% 25 .... 6,200 Darby Petrol Corp.........5 • 75 20 18 in • 72,300 Sale 20% 1% Sale 2% 2% 62% 70 1% Sale Feb. 11 Feb. 18 Feb. 23 Feb. 9 Feb. 1 Feb. 24 12 Crowley Mllner Ac Co com...* ....... 2,100 2 13% 2% 65 J.8 8% 17% 6% 20% 1% 2% req Cramp (Wm) Ac Sons Ship At Engine Bldg Corp......100 Croft 70 1% Sale 7% Feo. 19 17% Feb. 18 5 5% Feb. 2 14 Feb. 26 £1 100 Cuneo Press com * 250 preferred.........100 200 Curtis MfgCoiMo) 5 100 22 Sale Sale 11 450 200 300 Sale 6 5% preferred............50 1,100 Cuban Tobacco 5,400 1,400 4,600 150 8 6% 20% 1,700 Crystal Oil Ref Corp com...* . 4,100 8% 5% 18% 60 Crown Cent Petrol (Md) 5 700 Crown Cork Internet cl A. 10,100 Crown Drug common ..25c 600 300 7% Sale S6 Conv pref A .....* Cosden Petroleum com_....l Courtaulds Ltd.... Am dep rets for ord stk 100 1,000 27,300 2,900 5,500 6% Sale 4% Jan. 1 Jan. 27 15 3 4% Jan. 3 6% Jan. Feb. 17 70 Jan. 17 115 1 Jan. 31 Feb. 16 64% $4 preferred............. 4,500 1 29 14 4 6% 4 3% Jan. 12% 13% 3% Sale 4% Sale 64 10 4% Feb. 23 21% Feb. 25 1 % Feb. % 8 3 56 1 1 Jan. 3 Jan. % Feb. % Feb. 10 Jan. 52 Sale % 6% Feb. 23 3% Jan. 10 1% Jan. 8 5 23 7 24 Feb. 24 2% Feb. 3% Jan. Feb. 3 2% Jan. 35 6% Jan. 29 61 Feb. 6 7 7 3 3% Feb. Feb. 23 Feb. 23 72 Jan. 3 21 Sale Sale 22 19 61 3 8 Feb. 3 Jan. Feb. 24 7 Jan. Feb. 15 Feb. 20 % 3,500 Cons Retail Stores Inc com 1 30 8% preferred .......100 1,700 Consol Royalty OH 10 14,500 Consol Steel Corp common..* 900 Jan. 5% Feb. 53% Feb. 4 2 Jan. 3 40% Feb. 23 8 3% Jan. 32% Feb. 23 4 53 5 4 Feb. Feb. Feb. 29 Feb. 21 6% Feb. 23 3 12 10 Feb. 24 % Jan. 39 : 1% Feb. 23 26 Feb. 9 Feb. 25 9% Jan. 4 26% Feb. 2% Jan. 25 Compo Shoe Machinery— V t Jan. Feb. 23 Feb. 23 35 7% Feb. We Feb. 6 900 Commonwealths Dlstrlbut..l 800 1,000 3 500 Cohn Ac Rosenberger com..* 16,900 Colon Development Co Ltd.. 16,400 5 107 Feb. 28 "3% Sale' 16% Highest Sale Prices 7% Feb. 4 % Feb. 18 38% 8* Lowest Sale Prices 43% Feb. 1% Sale 34% Sale 3 Highest Sale Prices 104 8 650 Cockshutt Plow Co Ltd....* J 1 Lowest 110 Sale 7% 28 31 2 850 4,600 2,900 450 JAN. Sale Prices Ask 106 58 "8% 3 1,450 Cleveland Elec Ilium com...* 7,300 Cleveland Tractor com.....* 500 900 101 Sale 37 11,500 104 102 Sale ..-* 2,450 Cities Serv Pr ft Lt $6 pref..* *7 preferred.. 3,275 ..* 14,400 City Auto Stamping Co • 600 City & Suburban Homes...10 ....1 1,400 Clark Controller Co 49,700 Claude Neon Lights com....l Ask Bid Bid 9 Preferred B........_.....* Preferred BB .........* Preferred........... 120 2,425 3,225 8,700 1M Ask 40 1 Child* Co preferred Feb. 28 Feb. 1 1938 STOCKS (Continued) RANGE SINCE P ice Jan. 3 Par 200 3,050 43 PRICES IN FEBRUARY NEW YORK CURB EXCHANGE Since Jan. 1 Shares exchange curb 10rk VA Sale a 1% Sale Sale Sale Sale Sale 50% 1% 1% 61 65% % 1% 6% 6% 9% Sale 10% Sale a2% Sale 27% 29 49% 50 7% 9% 2 Sale 61 65 % 2 6% Sale 8% 9% 11 Sale 3% Sale 28% 28 50 8 . Sale 10% 1% Feb. 61 Feb. 2 Feb. 28 62 Feb. 2 5% Feb. 8% Feb. 6% Feb. 28 9% Feb. 1 9% Feb. 61 26 Feb. 11% Feb. 23 3% Feb. 28 28% Feb. 24 26 49 Feb. 50 23 49 10 Feb. 10% Feb. 21 8 2% Feb. Feb. Feb. % Jan. 27 5% Feb. 16 7% Jan. 3 8% Jan. 3 2% Feb. 16 % Jan. 27 6% Jan. 7 9% Feb. 1 13% Jan. 3% Jan. 12 11 4 31 Jan. 13 Feb. 10 51 Jan. Jan. 18 11 Jan. 10 12 Feb. NEW 44 February Shares 800 450 4,800 2,300 945 Bid Ask IK 1K 6,200 265,400 13.000 3,400 14,800 7,000 1,850 9,700 4,400 1,995 Elsler Electric com 3K Lowest Sale Prices Feb. 1 1% F b. 1 1 % Jan. 25 18 18 Jan. Jan. 29 6 Jan. Jan. 27 26 4 3 5 22 Feb. 3 4 Feb. 25 4 1% 7% IK Sale Sale Sale Sale 55 Sale Sale 45 51 Electric Pow Ac Lt 2d pf A...* Sale 2% Sale 3% IK 1 Sale Sale Sale 24 Sale ih 25 13 Feb. 14 12K Feb. Feb. 3 Feb. 23 "3% "4" 6% Feb. 46% Feb. 3 Feb. 9 2% 2% 22% 3% Feb. 4 Feb. 4 3% Feb. 21 Feb.. 4 Feb. 23 Feb. 3 Feb. 23 17 2K Feb. 23 11 x70 Feb. 3 6 Feb. 23 1! 2 2 Sale UK Feb. 72 70 |i Cony pref with warr...* 3K 3% 3 70 Sale 68 Feb. 8 3 Feb. 13 14 43 7a 3 Feb. 1 1 27 Feb. Feb. 3% Feb. Highest' Sale Prices 21% Feb. 18 4% Feb. 23 ii* 12% Feb. Sale 14 12 49 % 43 % 1 com. 1% Sale 3% Sale 1 ...» Option warrants Electric Shareholdings [light's! Sale Prices 13 Electric Power Associates...! . Ask Ask Bid IK Sale 14 12 Electric Bond 8c Share......5 Class A 1% Lowest Sale Prices Feb. 28 1 18 ......1 $6 preferred $5 preferred..... Bid 22 250 Economy Groc Stores com..* ...2 600 EdlsoD Bros Stores 50 200 2,200 41,600 4,800 1,000 ; 5,600 4,000 Feb. 1938- 5,400 Eastern States Corp com....* $7 preferred series A..... 2,200 $6 preferred series B—.. 1,825 7,800 Easy Washing Mach class B.* 250 1 Price Jan. 3 Par STOCKS (Continued) Shares 2,400 . NEW YORK"' CURB EXCHANGE Since Jan. 1 575 RANGE SINCE JAN. prices in february aggregate bales In EXCHANGE YORK CURB 55% Feb. 23 50% Feb. 23 3K Feb. 23 29% Feb. 1 6% 46% 40% 2% 2% 22% 3K 1% 27 8 28 4 27 4 Feb. 3 Jam 26 Jan. Feb. Jan. Feb. Jan. Feb. % Jan. 8 26 Jan. 18 24 Jan. 18 4% Jan. 18 14 Jan. 19 14 Feb. 14 1% Jan. 13 10% Jan. 12 58 Jan.' 4 55% Jan. 14 4 Jan. 13 4 Jan. 13 35 Jan. 5 Jan. 11 2 Jan. 15 75% Jan. 14 5 Feb. 11 5% Jan. 27 6 Jan. 14 13 Jan. 31 68 Electric Shorel Coal Co— 400 * 100 Electrographlc Corp com...! 1 5,600 Electrol Inc v t c 3,100 Elgin National Watch Co..15 1,100 Empire Diet Elec 6% pref. 100 5,275 Empire G 8c F 7% pref 100 2,000 8% preferred. .......100 1,500 6% preferred .... 100 300 6% % preferred.. 100 150 ~2,700 100 1,000 5,125 1,600 1,300 275 '50 Eureka Pipe Line 1 30 35 36 23 27 K 25 32 28 38% 36% 27 K 23 28 37 25 16 IK Sale 6,300 12 Sale 39% 300 1,000 400 ~~2, 600 5,600 Ferro Enamel Corp com Fiat Amer dep rets 1 .... "~8~, 300 Flsk Rubber Corp common..1 Fldello Brewery 560 Fire Assoc of Phlla 140 7,300 350 100 10 3,900 V 1,100 11,300 Class B ..* ... 3 Feb. 19 1 Jan. Jan. 1 23 Feb. 1 22 Jan. 31 26 4 32 Feb. 17 50 Feb. 23 31% Jan. 50 Feb. 19 28 Jan. 21 13 Sale « v* Sale 13 Feb. Feb. 23 19 Feb. 21 Sale 32 Feb. 10 36 46 Sale 32% Feb. 15 52 Feb. Jan. 27 26 33 35 42% 43% 28 Feb. 8 48 Feb. 19 28 Jan. 27 28 Feb. 8 49% Feb. 21 28 Feb. 8 Feb. 16 Feb. 16 22 Feb. 16 10% Feb. 25 % Feb. 23 11% Feb. 2 9 44 48 3% 6% 3% 7 21 20 5 6K 5% 7% 10% % 10% 26% "Me Sale % 7 8K Sale % Sale 30 Sale 9% Sale z9 Feb. 3 % Feb. 24 9% Feb. 16 Feb. Feb. Feb. Feb. 4 4 3 3 12 3K 7% 21% Sale Sale 2% 7% 20% 4% 6% 3% 8 20% 5% 7 2% 7% 20% 4% 6% 4 Feb. 3 Feb. Feb. 23 4 Feb. Feb. 26 "20K 20% Feb. 14% 203% 15% 19,: 16 K ^ 60^ K 57% 3 22 32 J@n. 26 % Feb. 24 5 9% Jan. Feb. 23 & 1 6 Feb. 8% Feb. 2* 12K Feb. 28 3% Feb. 8 Feb. 17 20% Feb. 5% Feb. 7% Feb. 21 26 1 8 Feb. Feb. 22 6 "21 % 17K % Sale 57 55 54 19K 12% 5K Sale Sale Jan. 8 27 10 Jan. 3 % Jan. % Jan. 11% Jan. .13% Jan. 2% 6% 20% 4% 6% Jan. 26 8 Jan. Jan. 22 4 Feb. Feb. 26 3% Jan. Feb. 17 20% Jan. 6% Jan. 8% Jan. 26 17 8 31 18 6 3 8 6K Sale K« Feb. Jan. 31 32 Jan. 4 22 K Feb." "9 19 Feb. 4 23 Jan. 2 K Feb. 4 58% Feb. 23 7% Feb. 18 55 57 Sale Feb. 3 6 Feb. 3 63 36 15 K Sale Sale 61 Feb. 21 32 Sale 15K 16 35 38 Sale 17% 17% 18 18% 17% 18% Sale 15 Sale 32% Feb. 16% Feb. 17% Feb. 5% 1% 7% 3% Sale 2% 8K Sale 5% Sale 5% Feb. 11 16 10% Feb. 25 % Jan. 11 13 Jan. 15 31 Jan. 8 62 20% 19 49% Feb. 21 % Jan. M. Jan. b% Jan. 31 Ke % 6% 10% Sale 7K 20% 4% 7% __ 19 10 44 7 11 1% Feb. Jan. 32 ...100 Preferred * 2,050 Florida Power 8c Lt S7 pref 12,600 Ford Motor of Canada cl A..* 450 Feb. Feb. 33 K 9K Sale ...1 21,900 "2,900 1 23 10% 1% 38 % Sale 11K Sale 26 33 ...50 1 4,600 Palrchlld Aviation com .1 3,700 Falstaff Brewing....... 800 Fanny Farmer Candy com._l 2,000 Pan steel Metallurgical Corp* 1,000 Fedders Mfg Co common....5 10 Fed Compress & W'house__25 2,300 1,800 4 22 "27" European Elec Co of CanOption warrants.......... 8,000 * 27,000 Brans Wallower Lead.... 7% preferred 100 3.100 26,400 Ex-Cell-O Aircraft 8c Tool.. 3 550 11 8 7 10 4 KeJan. 12 60% Jan. 15 7% Jan. 15 61% Jan. 25 41% Jan. 14 18% Jan. 17 xl8K Feb. 24 % Jan. Jan. 5% Jan. Feb. 28 58 38% Feb. 28 Feb. 25 7 zl8% Feb. 24 32% Fen. 15% Jan. 16% Jan. 5% Feb. 2 5% Jan. 5 5% Jan. 13 Jan. 26 2 Jan. 26 25 4% Feb. 15 7% Jan. 3% Fen. 7K Jan. 5 Jan. 25 17 8 23 8% Jan. 16% Jan. 17 18 3 63 18 Jan. Ford Motor Co, Ltd, Amer dep rcts__Ord reg 81 5K 100 Ford of France Am dep rets.. 2 100 Fox (Peter) Brewing Co 700 IK IK 3,400 Emsco Derrick 8c Equip Co.5 41,100 Equity Corp common.....10r 9.200 Esquire-Coronet...........! 2,600 10,000 900 11" 16 11 100 Empire Pow Corp part stk. 100 1,400 15,500 2,400 5,200 5% Feb. $4 participating pref 6% 3K 5 1,800 Franklin Rayon Corp com__l 5K 2% 9 4% lh 4 4% 2 §8 3% "Feb. 1 Froedtert Grain & Malting 400 500 150 1,500 1,100 600 20 """io 2,100 Common.................1 Conr pref.. .......15 1 Fruehauf Trailer Co 130 Gamewell Co 16 conr pref—* 200 Gatlneau Power Co com....* 70 5% preferred...........100 * 4,300 General Alloys Co 7% 6K 14% Sale 9% 8K 8% 7 15% 16% 10 9 7% 15% 8% 8% 16% 9 7% Feb. 24 7 15% Feb. 8% Feb. 16 "8% "9% 8% 2 9% 9% Sale Feb. 23 Feb. 21 86 Jan. 9 11 Jan. 18 13 S7 Jan. 27 9% Jan. 80% Fen. 2% Jan. 4 21 10 19% Jan. 13% Jan. % Jan. 19 17 3 »»t Jan. 5 13 14 21 87 Jan. 27 80% Feb. 1% Feb. 21 80% Feb. 21 2% Feb. 24 75% Jan. 1 % Jan. 3 17K Feb. 10% Feb. Ke Feb. 19 18% Feb. 11 23 % Feb. 1 17% Feb. 10% Feb. Ke Feb. 19 Feb. Feb. Feb. Feb. 10 1% Feb. 11% Feb. 11 10% Sale 2 3 9 Feb. 87 75% Sale 2 IK 15% Feb. 7% Feb. 24 3 14 % Jan. 8% Feb. 16 Feb. 2 5 General Elec Co of Great Brit 400 800 3,700 600 6,800 1,300 Tioo 10",700 Fireprooflng com.....* Gen Inrestment Co com 1 ......* $6 Preferred Warrants 18 K 19 K 11K Sale K Sale 48 65 Me 18% 12% % 19% Sale Sale 65 48 18% 18% 14 14% 40 600 General Rayon A stock 100 6,200 * General Telephone Corp...20 $3 conr preferred * __._. 4 14 7 4 7 . 65 48 32 ' %6 /' 65 Feb. 4 8 40 Feb. 10 23 8 5 67 Feb. Feb. ij2 Jan. 4 40 Feb. 8 1% Feb. 12% Feb. 11 2 1 % Jan. 11% Feb. Jan. 7 16 16 14 Jan. 10 86% Feb. 26 ' 86% Feb. 26 86% Feb. 5 % Jan. 26 88 Jan. 12 5% Jan. 19 Me 32 i82 65 50 Gen Outdoor Adr 6% pref. 10ft * 110 General Pub Serr $6 pref 30 3,200 81 American dep receipts Gen 40 50 1% 11% 40% 8 12 41 1% Sale 50 "~5K IK 11 IK a 12% 44 1% Sale 1 s2 7 Jan. Jan. 70 47 1 % 50 Gen Tire & Rubber— 40 6% preferred A ......100 100 Gen Water Gas & Elec com. 1 10 . ...* $3 preferred 900 "l",325 10 20 300 2,600 18,700 1,200 4,600 70 10",300 1,800 16,400 1,800 200 550 200 3,800 300 5,600 400 1,450 650 3,200 Glen Alden Coal Co • Godchaux * Sile 43 K 6 7% 5K 5% 27 28% * 12 Co * ..* ...... Sugars class A Class B $7 preferred.... 6% 38 K 6 40 6 5% 6% 42% 7% 5% 27% "~8" 65 Sale Sale 6 39 41 % 5 6% Sale Sale 5% Sale 35 12% 15 33 Sale 17 41 Sale 3 64% Feb. 5% Feb. 21 17 Feb. Feb. 41 6 26 66% Feb. 6% Feb. 7 23 64% Feb. "3 5% Feb. 21 76 41 Feb. 17 40 5 41 6 S3 preferred Gorham Mfg Co— ....* Gray Tel Pay Station com.. 10 «650 Gt Atl 8c Pac Tea 1st pref.100 Non-rotlng common stock * 5,375 1,500 Great Northern Paper Co. .25 6,000 Greenfield Tap 8c Die com..* Jan 2% 3 19K Sale % Sale 8 9% 4K 5% 119% 120 K 46 30% 5% Sale Sale Sale 18 16 20 17 % 2% 16% S lie 32% 6 % 8% 5% 121 Sale 8% Sale 123 48% 49 28 30 18% 17% % 8 5% 124% 46% 28 6% 5% 6% 2% 26 6 Feb. 26 17 5 Jan. 26 1 29 Jan. 5 17% Feb. 23 12 Jan. 26 17% Feb. 26 93 33 12 Feb. 8 18% 2 16% Feb. 19 15% Feb. Sale % Feb. 8% & 7% Feb. 5K 4% Feb. Sale 119% Feb. 48 46% Feb. 30 3 14 16 3 7 14 Feb. 3 5K Feb. 7 2% Feb. Ke Feb. Feb. 3 28 Sale 5 1 Jan. 5 6 7 12 28 15 13 23 4 % Jan. 29 119% Feb. 46 Jan. 28 27 23 27 20% Jan. IK Jan. 15% Feb. % Jan. 7% Feb. Feb., 8 Feb. 9 Feb. 9 Feb. 28 Feb. 2 Feb. 23 Feb. 23 Jan, 6 1 3 % 8% 6% 124% 48% 29% 7% .Tan. Jan. 16 8 Feb. 16 6K 17 4 Feb. 17 2 6% Jan. 35 Me Jan. 2% Feb. 19% Jan. % .Tan. 16% Feb. Ke Feb. 2% Feb. 17% Feb. Feb. 10 17 28 14 Feb. 7 4 Jan. Fer.. 6% Feb. 2 Feb. % Feb. "2" Jan. 6K Feb. 5% Feb. 31 90 % Jan 1 .* Gorham Inc class Acorn 19 30% .._...* Gold field Consol Mines V t c agreement extended.* 600 64,200 Grand National Films Inc..I 1,400 Grand Rapids Varnish Corp * >£9,500 6% 29 64% Sale Preferred... 300 Gilchrist 200 7,000 27 32 Georgia Power 36 prtf._ 800 Gilbert (A C) Co com 500 4K 28 3 9% 6K Jan. 7 124% Feb. 3 49% Jan. Feb. 3 5% Jan. 31 Jan. 33 7% Feb. 1 3 Grocery Stores Prod— 400 400 5,200 """260 700 Common 25c 2,300 1,200 Guardian Inrestors common 1 25 8,800 Gulf Oil Corp 20 Gulf States Utll 16 pref * $5.50 preferred 280 ....* Gypsum Lime & Alabastlne. * Hall (C M) Lamp Co * 5 600 Haloid Co.. 25 Hartford Electric Light....25 2,700 200 "3",666 1,200 2,500 6,000 2,100 2,600 1,400 3,700 11,200 12",400 400 500 200 300 200 400 2K 9% 52 1 Hat Co Corp of Am cl B Haseltlne Corp 1 com 1 • 1 4% 14% Hearn Dept Stores common.5 6 .........50 28 6% preferred Class A * 400 Hewitt Rubber Corp com...5 425 Heyden Chemical Co.. 10 900 Hoe (R) & Co class A.......10 13,800 23.300 Holllnger Consol G M......5 1,600 125 10 I K Brewing 200 Heller (W E) & Co common..2 500 7% cum pref w w_. 25 200 5 Hartford Rayon com v t c_.l Harrard Hecla Mining Co 25c 350 Helena Rubensteinlnc.....* 100 100 Sale HartmanTobaccocom.no par 28,300 1,200 2% % 37 K 8% 3% 6% 6% Sale 11 52 56 Sile 1% 1% 4K see page 53. 1% 1 7 34 4% 6% 26 Sale 5% 8 7% • 3 13 56% IK IK Sale 15% 8% 3% 7 6% Sale 35 Sale 4% va 8 6% : 3 10% 56 ' 3 % Sale 2 Feb. 3 Jan. 5 72 Feb. 17 "~6K "7" 33% 8% 12% 37 11% 13% "6% ~"8~~ 38 Sale 37% 14 Sale 13% 9 3% Feb. 2% Feb. 11% Feb. 24 Feb. 23 8 3 Jan. 8 M« Jan. 12 42% Feb. 21 81 Jan. 5 80 Jan. 15 16% 6 34 Sale 4% 8 8 Sale 11% 14 2% Jan. 1% Jan. 1% Jan. 11 17 11 12 10 1% % % 4% 14% 5% 3 Feb. Feb. 18 7 Feb. Feb. 18 4 Feb. Feb. 23 1% Feb. 9 1 Feb. 1 Feb. 8 25 3 26 6% Feb. 9 4% Feb. 16% Feb. Jan. 11 11 Jan. .1" 58 12 60 *6% "8% 33% 9% 8 3 9 Sale 12 1% 1% % u 1 :.v. % 1 3% 4K 15% 5% 26% 8K 3K 6% 5% 2% Feb. Me Feb. 37 Jan. 58 1% Feb. % Feb. % Jan. Jan. Jari. Jan. Jan. I" 18 18 Feb. 28 35 Jan. 37% Feb. Feb. 1 9 Feb. 12% Jan. Feb. 2 13 Jan. 14% Jan. 28 23 Peb. 10 Feb. 15 6% Feb. 8 6% Feb. 7 3 35 Feb. 23 9 Feb. 3 13K Feb. 3 ?M 6% 20% 7% 37% 9% 14% 30 Feb. 9% Feb. Feb. 16% Feb. 26 Jan. 11 9 10 11 8 27 8 23 7 28 10 3 10 7 4% Feb. 14% Feb. 5% Jan. 30 7% Feb. 3% Feb. 20 \ For footnotes 2% 10% 2% % 40 37 81 3% Sale® 2% Feb. 26 % Feb. 3 42% Feb. 21 72" "Feb. 17 "77"""Feb."25 2% K 2K 37% Feb. 15 Feb. 8 Feb. 23 Jan. 7% Feb. 3% Jan. Jan. 10% Jan. 7 Jan. Feb. 7% Jan. 6% Feb. 6% Feb. 20% Feb. 7 20 Jan. 6% Jan. 8 Jan. March, 1938] AGGREGATE new curb yobk SALES 45 exchange PRICES IN FEBRUARY new york curb exchange Since Jan. 1 STOCKS (Continue.' Par Bid Ask 400 Holophane Co Inc common.* Holt (H) & Co class A * 12 14% 9 5% Feb. 28 1 Feb. 1938 Shares RANOE SINCE JAN. 1 Price Jan. 3 Ask Bid 13 15X Bid 12 X 15% 5X 9 596 Lowest Ask Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices 14 Feb. 21 4 Feb. 1 2194 Feb. 1 1494 Feb. 23 1394 Jan. 27 1494 Feb. 23 9 Hormel (Geo A) & Co com...* 100 100 Horn (AC) Co common.....! 875 m 3,325 'm ^ 400 - 38,100 13,100 2,100 ■* •«**■* *■ 76,800 30,500 6,000 *• '""466 ""150 2,400 3,100 2,500 6,100 7,500 4,600 1,850 650 25 7% preferred stamped..100 Illinois Iowa Power Co Preferred Dlv ctfs Illinois Zinc Co * 600 5,000 Am dep rets ord reg £1 * 17,400 Imperial Oil (Canada)... 1,900 Registered .♦ 2,100 Imperial Tobacco Co of Can.5 1,900 Imp Tob of Gt Brit & Irel..£l 2,200 Indiana Pipe Line 10 120 Indiana Serv Corp 6% pfd 100 800 . 1,200 'm 900 110 70 7% preferred ..100 175 Ind'polls P & L 6H % pf ..100 22 X Sale Feb. 1 "Feb". 2334 Feb. 17 4 1 27 12 16 28 Sale 23 Feb. 3 2894 Feb. 25 2294 Jan. 3 62 X Sale 6 68 Sale 6094 Feb. 494 Feb. 5 9 70 Feb. 23 60 Jan. 29 594 Feb. 25 494 Feb. 9 12 >4 12 X 16 11 Sale 596 4% Sale 1 % 2 X X 7X 7X IX 6X 8 12 Sale 10 13 5 Sale 10 X 5 dU 7* 7 14 % 10 Sale 6 12 48 X 17 X 17 X 1396 37 X Feb. 8X 18 X Sale Sale 17% 17% 13 X 38 18 14 3796 <6% 18X 14 X 3796 7 86 X 89 734 Feb. 24 5 496 IX 2 Sale 3 X 16 X Sale Sale Sale 10X 5X 9X IX Feb. 2494 Feo. 3 Feb. 1294 4% 1034 4994 7 2 Feb. 9 27 Feb. 21 3 94 Feo. 21 4 7 Feb. 4 Feb. Feb. 25 3 Feb. 794 Feb. 19X 19 X 19X 14X 14X 35X 36X 7% 8 19 16 1794 Feb. 1794 Feb. 1494 Feb. 7 9 10 694 Feb. 3 Feb. Feb. 5 21 8634 Feb. Sale" 14% 8596 88 1 1694 Feb. 28 534 Feb. 28 11 Feb. 17 4994 Feb. 3 7 11 894 1994 1834 1494 794 1394 1494 8694 1 Feb. Feb. 25 3 Feb. Feb. 25 Feb. 21 Feb. 26 Feb. 25 7 Feb. Feb. 23 10 794 Jan. 494 Jan. 196 Jan. 2494 Feb. Feb. 494 Jan. Jan. 3 1294 494 1094 4894 17 794 Feb. 16 6 Jan. 5 Jan. 26 18 Jan. 28 Feb. 5 is* Feb. 21 8694 Feb. 7 194 Jan. 194 Jan. 10 11 Jan. 3 24 8 19 10 15 12 12 12 1394 Jan. 12 4994 Feb. 3 1794 Jan. 11* Jan. 6 Feb. Feb. Jan. Jan. 14 694 Jan. 70 Jan. Feb. Jan. Jan. Jan. 3394 Jan. 7 1 15 20 2894 Feb. 25 94 794 794 594 294 3694 Jan. 10 86 >4 9 12 . > 94 Jan. Sale 7% 7 396 Sale 5 12 1094 Feb. * 25 396 14 X 496 1096 9% Feo. 21 Feb. Jan. Jan. Jan. Sale 9X 4 24 4 100 11 21 10 11K 120 50 "396 "5" 24 5X ...... Sale 21X Sale Sale 6593 Sale 5x 9% ..♦ ............50 arrear Sale 2194 Jan. IV 9894 Jan. 994 Feb. 1 com 50 Illuminating Shares Co A...* Imperial Chem Indus Ltd— 500 'mrn * Corp...5 Hussman-Ligonier Co * 7% pref unstamped 100 200 Hydro-Elec Secur com.. ..* 4,400 Hygrade Food Prod.. ......5 2,150 Hygrade Sylvanla Corp .* mm mm m m 23 % 22 J* Hummel-Ross Fibre tHuyler's of Del "3K ~~5% ~~4 50 1,800 1,250 '■» —• Hud Bay Mln 8c Smelt..... Humble OH & Refining 250 rnmrnmmm mm Horn ft Hardart com 30 5% preferred...........100 600 Hubbell (Harvey) Inc......5 894 Jan. 1994 Feb. 1894 Jan. 14 94 Feb. 3794 Jan. / y± 794 Jan. 1394 Jan. 1494|Feb. 8894 Jan. 26 25 21 25 21 20 14 25 21 Indian Terr 1 Hum Oil Co— 300 "'"loo y600 Non-voting class A Class B ""206 ""325 4,250 7,400 * Sale ...* stock Industrial Finance 1 1 v t c 54 56 18 20% 1.000 2,400 6,000 16 400 16,400 m m m mm Insur Co of North Amer Int Hydro-Elec 13.50 pref. .50 100 m 4,400 7,700 A* Sale 20 Registered Internat Products com......* 194 Feb. 24 IX Sale IX a 13 Sale 2X 30 Sale Sale 29 2996 Feb. 60~~ Sale" 54 Feb. 4 20 Sale 19 Feb. 15 IX 16% IX Sale 12 "A" stock pur warrants... 32,900 Internat Paper 8c Pow warr.. 28,500 Internat Petroleum com.... • 10,000 IX IX X 7 "58" Sale" 10 400 IX IX 7% preferred...........100 1,200 Internet Cigar Machinery..* 1,300 Internat Holding & Invest.* 400 IX IX IX IX IX X "2 % Sale" 28 X 28 3M 3 5H 2X 7 Sale 3096 3X 2% Sale 31 Sale 30 X 31% Sale 4% 3 17 7 Feb. 3 54 Feb. 4 894 Jan. 6194 Jan. 6 15 19 Jan. 6 22 Jan. 15 Feb. 3 194 1694 94 2 94 Feb. 21 Feb. 25 Feb. 24 Feb. 25 8 31 Feo. 4 .94 Feb. 194 Feo. 2994 Feb. 17 3 8 6094 Feb. 24 Feb. Feb. Feo. 194 Jan. 27 194 Feb. 24 24 20 194 Feb. 21 3 194 Feb. 1 25 494 Feb. 25 Feb. 21 12 Jan. 27 94 194 2894 2994 294 Feb. 17 Feb. 3 Jan.. 3 Jan. 5 Jan. 4 l1 194 Jan. 12 1794 Jan. 12 % Feb. 24 394 Jan. 12 31 Feb. 25 2994 Jan. 5 4 94 Feb. 25 6% preferred...........100 3,700 300 11,300 International Radio Corp..l 500 Internat Safety Rasor cl B.* 400 800 Internat Util class A.......* 7,600 13,800 600 v Class 1 B 900 $1.75 preferred........ 200 200 1,300 2,600 $3.50 prior preferred • ..* New warrants... 4,400 1 8,500 International Vitamin 3,600 Interstate Home Equip com.l 5 7% 10 % Sale 896 10 26 >4 30 200 700 Interstate Hosiery Mills * 130 30 694 Feb. 34 Feb. 4 8 Feb. 18 1 Feb. 2 94 Feb. 894 Feb. % Feb. 4 8 94 Feb. 17 894 Feb. 15 2534 Feb. 47 Feb. 3,100 Investors Royalty Co 1 1,700 Iron Fireman Mfgcom v t C.10 6,700 Irving Air Chute com.... ..1 3,000 Italian Superpower cl A .* 3 % Sale 39i 25% 3% 27 540 Interstate Power $7 pref....* 1,700 800 14,500 1,000 26 7% Sale X Sale 7X 8h X Sale 8X Sale 27 X 29 4 334 394 2594 434 94. Feb. Feb. Feb. Feb. Feb. 3 14 Feb. ....... 1,800 1,900 2,900 Sale X Sale 8X 9X % Sale 7^ 9M 8X " 20,500 Jacobs (F L) Co.... 2,300 Jeannette Glass Co... -.1 * Sale" 1296 UH Sale 9 X 5 IX X Sale 2 3X 3X 3X Sale 26 27 X 4X Sale X* X 15 X Sal 96 10 X Sale X X 5Vs 2X Sale 3X 3% 4 3% 496 14* 15* 1194 96 Sale 6% 2% Sale 3 16 2 5 894 Jam X, Feb. 2 9 Jan. 6 17 1 Jan. 12 26 Feb. 21 X Feb. 3 94 Feb. 4 Feb. 4 8 394 Jan^ 3 Feb. 2 17 1 9 Feb. 10 27 > 15 7 2694 Feb. 2 3 94 Feb. 25 94 Feb. Feb. 26 Jan. 28 2 Jan. 18 4 5 3 Feb. 3 12 34 Feb. 3 594 Feb. 294 Feo. 3 7 8 10 4 Feb. 8 94 Feb. 894 Feb. 2594 Feb. X* Feb. 1494 Feb. X 2% 17 Jan. Jan. 1 1 3 Jan. 6 Jan. 3 94 Feb. 3 1394 Feb. 24 94 Feb. 5 Feb. 25 5 2 94 Feo. 18 294 Feb. 9 Jan. 9>4 Jan. 27 Feb. 10 1 21 94 Jan. 5 Jan. 11 494 Jan. 13 4 28 Jan. 694 Jan. 94 Jan. 15J4 Jan. 1294 Jan. 94 Jan. 794 Jan. 394 Jan. 11 12 3 17 17 17 11 12 Jersey Central Pow 8c Lt Co— 25 50 170 220 0)4% preferred........100 6% preferred........... 100 40 190 7% preferred.... 600 3,900 4,400 Jonas 12,400 Jones 150 8c 66 Naumburg Corp.2.50 8c Laughlln com....100 180 Kansas CAE 7% pref 2X 3 3296 Sale 700 150 Ken Rad Tube 8c Lamp cl a.* 800 Kingsbury Breweries com 1 Kings County Lighting 170 7% preferred series B...100 60 20 14,700 4,400 1,900 100 5% preferred series D...100 .......7 32,400 Kingston Products 12,200 Kirby Petroleum.......... 3,100 Klrkland Lake G M Ltd 400 Klein (D Emil) Co 200 "2:200 25 500 40 40 Lackawanna RR N J.. 2% 694 1094 94 33 32% 34X 32 33 23 Sale 396 Sale IX JX 15 15% 6 6 9 9 8% 24% 2% 3: IX 15 6 26% Sale 3% IX 15% 9 7 696 10% 24% 11% 7% 12 9 2494 294 494 194 1594 594 7 694 794 Sale 194 78 12% 7% 1 Sale 57 Sale Sale Jan. 8 70 Feb. Feb. 15 30 Feb. 19 4 2 94 Feb. 37 8 30 Feb. 4 10894 Feb. 16 107 Jan. 1094 Feb. 94 Feb. 11 12 8 1 Sale Sale % Sale 16 1696 12 95 1 13 3X Sale X 16% 1596 5594 77 94 1294 5 1594 400 52,100 1,700 Lipton (Thos J) class A preferred...........25 10 % 16 2,100 Lit Brothers com...........* IX 25,200 8,600 8,600 1,700 97,400 26,400 14,500 Lone Star Gas 220 770 Sale Sale Locke Steel Chain Co......5 Lockheed Aircraft 1 7% preferred 100 4% preferred series B ..100 400 400 200 675 1,100 17,000 600 6% 1 1,750 2,200 Loudon Packing Co IX 31 Jan. 25 Sale Sale 24 Feb. 21 24 Feb. 21 24 Feb. 294 Feb. 28 2 394 Feb. 194 Fern 25 3 Feb. 15 5 Feb. 14 6 8 2494 Feb. 4 1294 Feb. 23 13 894 Sale 95 4394 5494 294 80 1694 1294 394 94 1494 com 1,000 Lynch Corp com... 3 194 Feb. 1594 Feb. 28 15 7 94 Feb. 23 1294 Feb. 23 1094 Jan. 2 101 600 Mangel Stores Corp com 1 $5 conv preferred........* 10 For footnotes see page 53. .* 2294 12!Hj 23% 2% 24 13 27 Sale 2 8 1194 Feb. 794 Jan. Feb. Feb. 8 46 Feo. 26 5894 Feb. 3 Feb. 294 Feb. 4 Feb. 80 Feb. 15 1 8 4 80 Feb. 8 Feb. Feb. Feb. Feb. 3 13 3 5 3 3 194 Feb. 23 Feb. Feb. 94 Feb. 1694 Feb. 10 10 9 24 101 Feb. 10 13 25 1994 Feb. 1294 Feb. 4 3 14 Feb. 14 24 Sale 1494 Feb. 23 25 Feb. 15 294 Feb. 1 294 Sale 2 Feb. 28 994 894 Sale Sale 8 Sale Sale 994 794 794 194 Feb. Feb. Feb. Feb. 3 Sale 39 37 Feb. 4 3094 194 894 94 4 Feb. Feb. 18 Feb. 3 Feb. 25 31 Feb. 23 33 36 2% 8% Sale Sale 33^ 34% 5 400 20% Sale IX 37% * 4,200 Majestic Radio 8c Tel Corp..l MapesCons MfgCo 6 Jan. Feb. 3 19 8 * 3,400 10 2 94 Jan. 394 Jan. 194 Jan. 1294 Feb. 994 Feb. 1194 Feb. 894 Feb. 1 1 16 Sale Feb. 11 1 2% IX 3% 1 2X . 194 1 42 3394 Sale 2 294 9 94 3394 IX 1 3% 294 Sale 94 34 Sale 394 "I§"" ~20X 19" "2094 4 2 994 994 894 194 4094 3494 294 994 94 Feb. Feb. Feb. Feb. Feb. Feo Feb. Feb. Feb. 3494 Feb. Jan. 11 10 Jan. 7 5 694 Jan. 1194 Jan. 1 16 27 12 13 Jan. 4 3794 Jan. 18 30 Jan. 18 3 3 394 Jan. 10 Feb. 14 10 194 Jan. 1594 Jan. 24 8 25 4 20 5 Jan. 8 1294 Feb. 9 23 26 10294 Jan. 3 12 94 Feb. 13 10 4 11 43 94 Feb. 8 46 5194 Jan. 2 94 Feb. 11 5894 Feb. 1 3 Jan. 12 Feb. 4 Jan. 14 94 Jan. 1294 Feb. 394 Jan. 94 Feb. 1494 Feb. Feb. 23 1394 Jan. 15 28 Jan. 1894 1094 2394 194 Jan. Jan. Jan. Jan. 17 3 it O Jan. Feb. Feb. 17 15 10 3 % Jan. 8 3 Jan. 11 26 3 3 Jan. 25 2dH Jan. 10 27 25 Feb. 14 Jan. 18 4 294 Jan. 12 1094 Jan. 10 12 42 15 4 894 Jan. 794 Jan. 26 3 794 Jan. 1 94 Jan. 29 3 3694 Jan. 4 3094 Feb. 194 Feb. 18 4 894 Jan. 94 Feb. 25 18 31 Feb. 23 38 4 1 Feb. 28 24 2 9 16 18 1 23 Feb. 15 3 Feb. Feb. 11 3 Feb. 11 3 Jan. 15 26 4 45 Feb. 4 45 Feb. 4 194 Feb. Jan. 13 10894 Feb. 27 2194 Jan. 1 45 18"" "20X 4 2394 Feb. 23 3 4394 Jan. 9 25 Feb. 18 17 5 6 21 Feb. 996 1 10% 8% Sale _• 34,600 Louisiana Land 8c Ezpl com.l 1,100 Lucky Tiger Combination.id 450 r 25 ..... Long Island Light com Jan. 36 15 Jan. 94 Feb. 19 18 X Lion Oil Refining 200 6 5 94 Line Material Co.......... 16,900 Jan. 10 9 5 694 Feb. 1094 Feb. 28 9 94 Feb. Feb. 194 Sale 9 85 4 23 3 66 73 Jan. 2 10 19 Feb. Feb. 6 18 , 8194 Feb. 294 Feb. 32 Sale 98 2% 80 X Preferred 1,100 ....»....* • 24,300 Lehigh Coal & Nav 24,200 Leonard Oil Development .15 2,400 Le Tourneau (R G) Inc.....! 66 Feb. 82 39 100 Lake Shore Mines Ltd Feb. -9 72 101 11% 40 Lane Bryant 7% pref..... 100 1,200 Lefcourt Realty com..... 1 600 500 26 18 6% 11 IX 8,300 Lakey Foundry 8c Machine. 1 106,100 10 14,700 7,100 1,800 9% X 1 Koppers Company— 225 4% preferred 100 400 Kress (S H) 8c Co spec pf._10 2,600 Kreuger Brewing Co I 200 Sale Sale 66 2 10 2194 Jan. 6 .10 com 200 Kobacher Stores Inc com...* 100 42,100 3,400 Knott Corn 1 common. Klelnert(IB) Rubber "1:366 2% 33 96 9 Feb. 8194 Feb. 234 Feb. 10794 Feb. 1,850 100 2% Sale 100 10 Keith (GeoE) Co 7% pref. 100 1,700 Kennedy's Inc 5 rnmrnmmm 2X 32% Sale FeO. 70 82 .....100 1094 Jan. 994 Jan. Jan. Jan. 15 3 5 3494 Jan. 6 294 Jan. 994 Jan. 19 00^ Jan. 13 Jan. 10 1} 33 Jan. 12 Jan. 12 4 45 Feb. 10 NEW 46 range since jan. 1 prices in february sales aggregate EXCHANGE CURB YORK Price NEW YORK CURB EXCHANGE ^ February Since Jan. 1 Shares Shares In Jan. 3 Par STOCKS (.Continued) Ask Lowest Ask Ask Bid Bid Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Feb. 28 Feb. 1 1938 Bid Marconi Internat Marine— 200 300 Margay OH. 2,300 6,200 Sale 20 * v t 5,900 Massey Harris Co common..* 300 960 Master Electric Co..........1 50 150 400 1,500 10,000 10 56 99 Sale 4 ......5 com 45* Feb. 15* Feb. 65* Feb. Feb. 16 15 Feb. 24 7 3 15 4 156 Feb. 15* Jan. 656 Feb. 15 75* Feb. 28 "2,800 185* 165* ...* 18 155* Sale 18 35* 45* 35* 35* 400 6^% A pref Common stock pur 13,000 1,300 10 10 3,300 Part 3 25* 47 Feb. 3 25* Feb. 21 Feb. 25* 95* 955* 35* Feb. Fjeb. Feb. Feb. Feb. 12 Feb. 24 5 165* Jan. 21 3 475* Jan. 456 Feb. 25 Feb. 28 18 175* Jan. Feb. 28 18 Sale 15* * Textile Corp com 5* Sale 5* %> 15* 15* Sale 15* 1 26 11 4 356 Jan. 256 Feb. 4 12 Jan. 95* Feb. 4 955* Feb. 1075* Jan. 456 Feb. 356 Jan. 10 15 Feb. 21 102 Feb. 47 47 17 7 Jan. 12 13 25 Jan. Jan. 55 19 17 20 456 Jan 3 35* Feb. 3 35* Feb. 3 25* Feb. 3 356 Feb. 25 25* Jan. 44 Jan. 56 Jan. 56 Jan. 56 Jan. 295* Feb. 4 "456 Jan. 8 50 Jan. 20 Jan. 6 Jan. 7 Feb. 4 Sale 45 100 warr'ts. —....1 Mesabl Iron.. Metal 3 35* Feb. 4 35* 35* 35* Sale Merrltt Chapman Ac Scott—* 350 200 6 Jan. 75* Jan. 10 256 Jan. 26 4 , Partic pref "lY,800 756 Jan. 20 3 27 Jan. 14 Feb. 26 16 55 800 Merchants Ac Mfrs class A—1 200 6 3 20 65* 25* 75* Sale 155* Sale 47 * 50 525* 25* 2. 25* 25* 115* Sale 105* Sale 1005* 104 99 Sale 45* Sale 35* 45* Sale 95 McWilliams Dredging com. 50 Memphis P & L $7 pref 700 Mercantile Stores Co '""loo 756 Jan, Jan, 456 Feb ,! 75* 26 65* 15* 47 • $4 preferred w w McCord Radiator & Mfg B. 3,500 Memphis Nat Gas 65* 21 0 600 Mead Johnson Ac Co com....* 375 2,400 5 14 May Hosiery Mills— 4,900 75* 24 15* 2, 65* Sale 155* c—1 3,100 7* 185* 5 Marion Steam Shovel com..* 600 Mass Util Associates 300 75* 656 Communication Am dep ret preferred 5* Feb. 15* Feb. 3 295* Feb. 10 56 Feb. 15* Feb. 29 5* Feb. 7 4 10 5* 56 15* 295* 6 >3 8 10 10 "21 Feb. 10 Metropolitan Edison Co— $6 preferred 600 Mexico-Ohio Oil 5,000 4,700 1,200 700 2,000 ....... Co 156 5* Sale ... 19,200 Michigan Bumper Corp 1 11,200 Michigan Gas Ac Oil Corp.. 1,700 Mich Steel Tube Prod....2.50 11,300 Michigan Sugar com.......* 2,300 Preferred.. 10 Sale 4 55* 8e 35* 35 2% ............. % 1 % Sale 45* Sale 7 Sale % 5* 35* 35* „ % 5* 15* 5* Sale 456 Sale 65* 75* 5* % 5* Jan. 56 Jan. 18 % Jan. 20 3 5* Jan. Jan. 3 4 556 Jan. 10 14 Feb. 56 Jan. 6 356 Jan. 21 85* Jan. 12 5* Jan. 12 5 Feb. 24 25* Feb. 16 AJan. 6 4 Jan. 5 % Jan. 8 14 10 Feb. 23 14 Jan. 26 805* Jan. 156 Jan. 11 a 4 5 5* Feb. 4 Feb. 45* Feb. 4 6 Feb. 75* Feb. 17 56 Feb. 18 6 '/• Feb. 35*. Feb. Feb. 24 5 Middle States Petroleum— 2,700 1,000 8,900 2,700 250 550 Class A vot trust ctfs * Class B vot trust ctfs.....* Sale 25* Feb. Sale 35* Feb. 16 3 35* Feb. 56 Feb. 2 7 Midland OH Corp— 50 800 2,600 100 600 Mining Corp of Can 950 Minnesota Mln Ac Mfg Co * 10 Minnesota P Ac L 7% pref. 100 100 130 Miss River Power pref ..100 Missouri Pub Serv common.* 30 """Boo 10,200 125* 2,100 Mid-West Abrasive Co 50c 5,600 Mid-West Oil Co 10 500 Midwest Piping Ac Supply Co* 650 10 "2",300 Mock Judson Voehringer2.50 20,200 Molybdenum 1 Corp Monarch Mach Tool Co com.* "7~, 900 22~,666 600 200 370 200 1,000 Monogram Pictures com ...1 Monroe Loan Society cl A..* 800 Montana Dakota Utilities.. 1® 575 Moody's Investors Part pref, 125 Moore Corp Ltd.. * 125 ... 60 100 41,300 4,400 5,200 600 Moore (Tom) 8,366 loo 3,000 3,700 1,500 100 78 83 156 Sale 65* 75* 7h 15* l* 7 a Sale v* 75* 95* 2 25 3 5 3 4 25* 75* 75* 8 10 25* 265* 85* 2 285* 16 79 15* va 25* 295* 95* Feb. 23 Feb. Feb. 75 65* Sale 55* 125* 15 15* Sale 15* 25* 5 5 55* it* Sale 19 25* Sale 25* P 55* 13 8* Sale 145 15* Sale Sale 5 §1S Sale 35 190 145 15* 15* 65* Sale Sale 5 Sale 75* Sale SprlngfHied Corp. * 75* 10 95* Sale 5 45* Sale 5* Sale 95* 115* Sale 37 10 75* 10 55* Sale 4 65? ly> 95* 85* 40 75* 8 135* Sale 25* 25* 17 195* 65* Jan. Fefo. 8 9 15* Feb. Feb. Feb. 25 265* Sale 325* 345* 140 Feb. 24 Feb. 23 21 Feb. 235* Feb. 33 10 Feb. Feb. Feb. 132 24 265* Feb. 28 33 5* Feb. 18 180 15* 15* 65* Sale Sale 9 Sale 10 11 75* 5 456 4,900 8,500 4,200 400 600 9 5 Feb. Feb. 55* Feb. 5 1185* Feb. 2 95* Feb. 24 105* Feb. 8 75* Feb. 95* Feb. Feb. 4 55* Feb. 5* Feb. 3 1 Feb. 9 33 Feb. 9 4 75* Feb. 1 1336 Feb. 3 256 Feb. 19 Feb. 24 *9 Feb. 14 5 65* Sale Conv partic preferred....* 4,300 National Sugar —* Refg 45* Sale 5* */u 15* 25* 35 Sail4 256 15* 14 14 5* 256 Sale 18 185* 515* Sale 456 56 15* 5 5*. 25* Sale 145* 165* 75* 85* 18" Sale" 3 256 Jan. 21 5 2 Jan. 27 131 Jan. 2956 Jan. Jan. 22 33 145 15* 356 556 456 5* 650 300 10 2,600 100 12.50 3,300 National Transit 19,300 National Tunnel Ac Mines..* 6,800 National Union Radio com._l * 1,550 Navarro Oil Co 300 Nebel (Oscar) Co com * 20 Nebraska Power 7% pref..100 4,600 Nehl Corp com * 1st preferred... ...._.—* ""'666 Nelson (Herman) Corp 5 500 Neptune Meter class A • 15* Sale 13 14 25* 5* 5* 14 Sale 33 37 39 5* % 33 16" "165* 7 45 Feb. 356 356 56 15* 415* 1656 5 Feb. 8 Feb. 4 Feb. Feb. 25 Feb. 25 Feb. 25 8 Jan. 3 121 Feb. 19 75* Jan. 31 3 125* 95* Feb. 115 , 3 Feb. 756 Jan. 33 280 1,000 5,050 4,700 8,400 5* """loo 110 250 180 N Y Pr Ac Lt $6 pref * 980 7% preferred...........100 N Y Shipbuilding Co 6,500 Founders shares ..1 300 New York Transit 5 330 N Y Water Serv 6% pref._100 100 190 900 400 2,600 79,400 Niagara Hud Pow com.....10 2,275 5% 1st pref.. 100 75 5% 2d preferred........100 Class A warrants 2,600 ...... 900 "6,306 15,300 see page 53* Sale 47 Sale 1456 Jan. 205* Jan. 525* Feb. 26 35* Feb. 3 45 Feb. Feb. Feb. J an. 7 5 8 7 63 Jan. 20 2 Feb. 17 'a Feb. 1 Feb. 18 2 415* Feb. 25 18 Feb. 1 95* Feb. 25 25* Feb. 11 % Feb. 2 17 56 Sale 95* Sale 15* 2 56 Sale 29 10 325* 29 18 9 935* Sale 97 Sale 75* Sale 45* 195* 75* Sale 35* 16 456 54 85* Sale 4 45* Sale 15 75* Sale 72 Sale 28 8 675* 25* Sale *63 23 15* 95* 28 85* 91 100 65* 165* 85* 745* i3 % 15* 556 Sale com * Jan. 3 1656 Feb. 25 6 656 Feb. 14 Sale 315* Sale 7$ 15* 9 25* 315* Sale 856 10 2 256 10 5* 29 Feb. 4 55* Jan. 95* Jan. 6 3 % Feb. 26 4 135* Feb. ^A Feb. 17 Jan. Feb. 2 5* Feb. 2 Feb. Jan. 7 47 Jan. 24 6 9 111 656 Feb. 14 1 56 Jan. 15 35 14 1 l 415* Feb. 2 185* Jan. 1 110 535* Feb. 16 525* Feb. 87 Feb. 95 Feb. 1 2 Feb. 75* Feb. 24 705* Feb. 9 256 Feb. 18 54 Feb. 67 55* Feb. 635* Feb. Jan. Feb. 2 Jan. 12 75* Jan. 10 Jan. Jan. Jan. Jan. Jan. 10 Feb. 23 9 Feb. 16 29 Feb. 10 85* Feb. 18 91 Feb. 11 Sale 99 Feb. 95* Sale Sale Fbb. 15 7 71 10 30 2 Feb. 1 Feb. Feb. 7 15 Feb. 17 Feb. 7 Feb. 9 12 2 Jan. 856 Jan, 245* Jan. 12 3 10 30 Jan. Jan. Jan. Jan. 25 Feb. 11 97 Jan. 7 Jan. 2 4 165* Feb. 16 856 Feb. 23 745* Feb. 24 15 Jan. Jan. Jan. Feb. Feb. 8 85* Feb. 4 Feb. % Feb. 15* Feb. 56 Feb. 15* Feb. 456 Feb. 6 355* Sale IS 3156 Feb. 16 9 Feb. 2 Feb. 16 3 8 7 71 61 Jan. Feb. 4 5 Jan. Feb. 21 456 Jan. 3 19 27 27 19 20 Feb. 256 Feb. Jan. 16 4 Jan. 85* Jan. 66 Jan. 4 12 95* Jan. 24 45* Jan. 6 3 8 9 31 14 5 12 79 15 28 22 12 26 Jan. 15 2 Feb. 24 10 6 14 15 5 11 9456 Jan. 3 101 95* Feb. 14 37 Jan. Jan. 91 9 935* Feb. 4 100 Feb. 26 7a it* 525* Feb. 9 62 87 Feb. 3 102 45* Jan. 29 10 60 Jan. 4 72] 15* Jan. 4 2] 54 Feb. 4 72 2 Sale 156 656 §* 1 A Feb. 45* Jan. 75* Feb. 15* Jan. Jan. 55* Sale 1 1 Feb. 24 29 2 5* 1 Jan. 556 Jan. 5* Feb. 24 Feb. 9 656 Feb. 1 45* Jan. 5 385* Feb. 9 110 3 47 615* Sale ia 35 1 li 6 5* 56 Sale 55* Feb. 356 356 56 156 Jan. 3 % 7 66 856 9 56 925* Sale 23 245* Sale 9 15 55* 6 Sale 95 68 "15* "15* 45* Feb. J Jan. ; Feb. 1- 25 4 5 li 2: li 115* Jan. 31 4 4 z9 Jan. 256 Jan. Jan. 4 % Feb. 26 37 7 18 156 Feb. 135* Feb. 26 9 13 256 Feb. 26 19 100 7,000 Niplsslng Mines............5 For footnotes Class A preferred Nlles-Bement-Pond 300 Nineteen Hundred Corp B_ 300 3,300 Class B warrants 7,100 Niagara Share Corp class B 5 100 55* 55 * N Y Auction Co common 1,800 NYC Omnibus warrants 1,000 N Y At Hond Rosarto M 10 1,100 N Y Merchandise Co com.. 10 29,000 1,175 456 515* * 700 350 500 400 55* 615* 98 Sale 75* 10 45* New Process Co common 6 75* 56 6 585* 2,600 New Haven Clock Co com—* 25 11,600 New Jersey Zinc 7.000 New Mexico 8c Aria Land 1 16,300 Newmont Mining Corp....10 415* 45* 5 ... 15 7 1 Feb. 24 145* Feb. 25 7 Jan. 4 Jan. 24 Jan. 12 Jan* 12 Jan. Jan. Jan. 7 1 75* Feb. A Feb. New England Pow Assn com.* 600 6% preferred 100 500 New Engl Tel Ac Tel Co... 100 New Bradford OH 95* Sale 25* Sale 5* Sale 110 Nestle Le Mur Co class A...* 250 9 8 2 Jan. 65* Jan. 10 20 140 Jan. 6 6 Feb. 24 31 3 265* Feb. 28 Feb. 23 335* Feb. 18 3 145 Jan. 3 Jan. 3 2 Jan. 10 Jan. 3 3 356 Feb. Feb. 4 956 Jan. 13 Jan. 5 5 5x Feb. Jan. Feb. 23 225 National Tea Co 55* % pref. 10 1.700 5,500 3,500 4 0 10 305* 35 85* Sale 25 ..1 National Service Co 515* Sale * ... common Nat Rubber Mach com......* 450 National Steel Car Ltd.....* 100 3,100 S6 preferred 700 National Refining 400 3,100 1,200 17 8 656 Feb. 25 15* Jan. 156 Feb. Nat Power Ac Light— 3,250 Jan. 4 10 Sale 4 15* Feb. 10 35* Feb. 3 75* Feb. 23 15* Feb. 35* Feb. 55* Feb. 115 556 56 33 2 Feb. 25 Feb. Feb. 75 156 Feb. 55* Feb. 21 Sale 118 9 11 Jan. 245* Feb. 75 Feb. 104 Jan. 2 105 45* Feb. *115* Feb. 16 256 Feb. 3 28 FeJ. 25 75 Feb. O 107 Jan. 27 85* Jan. 2 7 Feb. 21 8 Jan. 7 656 Feb. 25 9 75* Feb. 30 Sale 33 Sale 22 30 Jan. 4 135* Feb. 73 Jan. 156 Jan. 19 25* Sale 132 Feb. 23 10 Feb. 2 135* Feb. 10 14 1 75 Feb. 755* Feb. 9 9 15$ Feb. 15* Feb. 9 1 8 Feb. 21 7 Feb. 3115* Feb. 16 *115* Feb. 16 3 25* Feb. 256 Feb. 3 8 28 Feb. 25 245* Feb. 105 75* 95* 1,600 National City Ltnes com 1 200 S3 conv preferred 50 6,900 National Container (Del) 1 8,700 National Fuel Gas * 2,700 Nat Manufacture Ac Stores..* 1,500 National Oil Products......4 Sale 75 125* 755* 10 2 4,300 Murray Ohio Mfg Co...... 1,800 Muskegon Piston Ring..2.50 Nat Automative Fibres com.* 300 National Baking Co com—1 18,500 Nat Bellas Hess com ....1 15 27 Mountain Producers Corp. 14 300 {Mountain States Pow com.* 240 Mountain Sts Tel Ac Tel..100 7,600 95* 55* 4 135* 26 8,200 Nachman 4,500 100 7% A pref Distillery Co..l 100 Mtge Bank of Col Am Shs.. 144,900 Mountain City Copper Co..5c 90 2,200 135* 960 Montgomery Ward At Co A..* 850 Montreal Lt Ht Ac Pow com., 125 T.866 45* 4 $2 conv pref —...* Midland Steel Product— 410 |2 non-cum dlv shares * 350 MidvaleCo ...—* 210 5 10 Jan. Jan. 10 13 'a Jan. 15* Feb. 4 65* Jan. Jan. 89] Jan. 38] 9] Feb. 2; Feb. 5 March, 1938] AGGREGATE In new February Shares 4,100 3,400 1,550 900 300 200 900 3,800 12,400 90 200 ' 425 . 1,300 190 10 pref 100 100 175 4,900 6% preferred .......100 15,100 Oldetyme Distillers.........I 500 1,100 Overseas Securities Co—...» 400 600 Pacific Can Co common....* 2,100 Pacific G 4c B 6% 1st pref..25 200 5%% 1st preferred 25 475 Pacific Ltd Corp 96 pref * 80 PacificP 4c L 7% pref 100 5.700 mm...- 25 20 2,000 • mm'... 3,600 Pacific Public Service......* 1st preferred.... 100 ....* 2,900 Pacific Tin special stock....* 5 16,600 Pan Amer Airways com . 1,800 7,700 171,400 295,500 Pantepec Oil of Venezuela.. 1 200 Paramount Motors Corp mmm... 50 1 9.300 Parkersburg Rig 4c Reel Co.l 400 1,050 Pender (D) Grocery cl A Class B 1,300 * 400 Peninsula Telep Co com 700 % 3% 4% * % 20 7% Vl", 16,706 300 100 825 • 1 common ...1 300 Pennroad Cor p com vtc * 300 Pa Gao 4c Blec class A 240 Pa Pow 4c Lt 96 pref........* 1,626 375 ..50 * 1,500 Pa Water 4c Power.. ......104 2,800 Pepperell Mfg Co 900 Perfect Circle com.........* 1 5,300 Pharis Tire 4c Rubber Co * 1,000 Philadelphia Co com 50 Phila Elec 95 dlv preferred. 225 Phila El Pow 8% pref 25 * 5,300 Phillips Packing Co 1,100 200 25 225 400 21,900 5,500 7% 9% Sale 11% Sale 20 32 23 92 109 9* Sale a 11 11 12% 23 94% Sale 108 109 Sale 87% 2% Sale 3 3% 3 6 28 % Sale 25% 26% 193% Sale 4% 17 5 18 9% 9 25 2 3 6 30 27% 5 16% Sale" 5% Sale 4% 5% 26 H 10 4 8 28 11% % 12% 23% 21 32 3 58 Feb. 19 Feb. 3 68 Feb. 24 6 Feb. 3 Feb. Feb. 25 Feb. Feb. 15 11 Jan. 26 14 21% Jan. 28 Feb. 15 Feb. Feb. Feb. Feb. 91% 92 92% 108% 106 110% 99% 9 1 31 91 Jan. Feb. 11 106 Feb. Feo. 26 110% 94% 2:88% 9% Jan. Jan. Jan. Jan. 8 Jan. 94% Feb. 17 108 3 112 Feb. Feb. 23 11 Sale 29 99% Feb. 23 7 Sale 28% 3 10 7 31 21% Jan 90 90 Feb. Feb. 17 3% 3 Feb. 3 7 29% 6 Feb. 29% Feb. 2 Sale 6% 29%, 27% 5% 16% Sale 9% Feb. 23 Feb. 3 23 Feb. 23 Feb. 23 Feb; 17 2% Feb. 2 3% Feb. 21 6% Feb. 25 30% Feb. 3 28 5% Sale 17 17% 29% 30% 15% 16% 6% Sale 3% 4 17% 16 21 23 Sale 3% 4% 3% 110 1% 3% 2% Sale 8% 10% 26% 5% 17% Sale 22% Sale 3% Sale Sale 53 Feb. 4% Feb. 5 103% Feb. 53 Feb. 11 26 11 4 "3 31" ""Feb". "25 14% Feb. 5% Feb. 4 16% Feb. 18 7% Feb. 23 3 Feb. 14% Feb. Feb. 14 17% Feb. 23 21% Feb. 24 3% Feb. 28 24 23 14 2 8 4 11 Feb. Feb. 2 2% 4% Sale 2% Feb. 1 7 133 68 145 72 140 144 65 144 68% 68% Sale 65 68% Sale 26 26 Sale 25 31 3% 4 6% Sale 29 68 Feb. 14 16 85 16 Feb. 131 Feb. 66 Feb. 60% Feb. 4 3% 4 6 7% 6 7% 1 2% 5% 15 Sale 3 6 Sale % 3 5% 56 3% Sale 19% 16% 1% Sale 5% 200 10,700 2,900 3,200 7 8% 83% Sale IK 1% 7% 8% 2% Pleasant Valley Wine Co....l Plough, Inc Polaris Mining Co.... Potrero Sugar com 20% Sale 3% Sale 6% Sale 1,000 19,800 Pratt & Lambert 400 700 825 1,300 1,050 58% 6% 80 8% 59% 8 Sale 2,080 1,160 1,640 10 40 14% 22 20% 2% 22 21% 15% 2V* 18% Sale' "f Sale 6% 8 1% 8% 3% Sale 1 Sale 95 J., 5% 83 6 98 6% 1st preferred.......100 7% 1st preferred.......100 Public Serv of Ind pr pref..* 96 preferred..... ....* Public Service of Nor III * Com 960 par stock.....60 Public Service of Oklahoma— 10 ~6~~ Sale" 97 2 16 J% 2 16 6% 87 94 32 Sale 20 Sale 675 825 200 6% prior lien pref ...100 7% prior lien pref......100 20 JPublic Util Securities— 97 part preferred.. 100 765 Puget Sound P 4c L 96 pf 95 preferred ..* 1,800 1,000 Puget Sound Pulp 8c Tlmb. 700 1,000 Pyrene Mfg.. 103% 24% Sale 12% Sale 73% Sale 73% Sale" 70% 70% 70 120 . 10 440 Quaker Oats com., 6% preferred.... 200 100 Quebec Power Co. 300 12 6% 6% 7% Sale 138% Sale 15% 17% 6% 7 7% 92 100 93 6% 6% 97 98 4 7 115 Feb. % 4 100 3.100 100 Reeves (Daniel) com.......-* 12,300 Relter Foster Oil Corp 600 13% 32% 1,100 Reliance El 4c Eng Co......5 500 1 600 Reybarn Co.. Inc 13,700 Reynolds Invest com .......1 3,500 4,700 com 7% 7 3,600 For footnotes see page 53. Feb. 19 15 23 11 13 21 11 6 17 14 15 14 13 7 25 6 23 7 24 14 10 15 7 13 1 4% Jan. 7% Jan. 20 Feb. 25 16% Feb. 28 0x4 112% Feb 31 Feb. 3% Jan. 2% Jan. 17% Jan. 11% Jan. 1 2 3% Feb. 25 6% Feb. 28 23 38 3 9 8 8 21 10 21 13 7 84 79 1% 7% 2% % Feb. 8 6% 6% 4% Feb. 23 14% Feb. 24 18 14 95 95 Feb. 18 3% 21% Feb. 3 2% Feb. 16 19% 1% 16 16 16 21 14 14 Feb. 3 Feb. 28 6% Feb. 7 Feb. Feb. Feb. 6 97 l» 3 5 3 21 56 1 27 28 58% Feb. 21 7% Feb. 24 2 31% Feb. 5% Jan. 38 Feb. Feb. 3 27 Jan. 2% Jan. Feb. 23 Feb. 24 1% Feb. 23 8% Feb. 7 3% Feb. 28 11 115 Feb. Jan. Jan. Feb. Feb. Feb. Jan. Feb. Jan. Feb. Jan. Feb. Jan. Jan. Feb. Jan. % 5% Jan. 23 31 29 16 1% 8% 19 1% 3 26 18 28 6 3 7 27 6% Feb. 14 5% Feb. 14 21 Feb. 25 Feb. 26 22 Feb. 28 11% Jan. Feb. 18 78 <13 16 91% Feb. Feb. ,p 38 23 95 P si 6% 98 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Feb. Jan. Jan. Jan. Jan. Jan. Jan. Feb. Jan. Jan; Feb. Feb. Jan. Feb. Jan. Jan. Jan. Jan. Jan. Jan. 99% Feb. 21 99% Feb Feb 103% Jan. 29 106 Jan. 28 18 32 19 Feb Feb 18 78 Feb. 18 Jan. 27 78 89 Feb. 18 Jan. 27 % Feb. 19 3 29 7 Feb. 23 7 Feb. 2 6 Feb. 99 Feb. 18 140 Feb. 15 94 137 Feb. Feb. Feb. Feb. 7 15% Feb. 14 Feb. „ 29 5 Sale Sale 3% 5 2% 1 3 Sale 5% Sale 1% 2% Sale Sale 9% Feb. 10 % Feb. 15 % Feb. % Feb. 36 2% 15% FeD. 14 Feb. Feb. 2 3% Feb. % Feb. % Feb. 3 17 26 7 23% Feb. 10 4 Feb. % Feb. 9% Feb. 14 2 16 29 Feb. Feb. Feb. 14 2% Feb. % Feb. 8 2 4% Feb. 1% Feb. 5 Feb. 1 Feb. 17 Feb. 8 Feb. 14 Feb. 17 Feb. 1 % Feb. 1 Feb. 3 9 7 Jan. Feb. 25 12 21 7% Jan. 16 7 Jan. 7 100% Jai Fe 7 140 26 15% Fe 10 % Feb. 15 % Feb. 7 % Jan. 28 3 17 2% Feb. 17 5% Feb. 23 27% Feb. 26 4 9 17% Feb. 26 34 18 15% Feb. 14 1 14 % Feb. 19 % Feb. 16 Jan. 26 27 % V* Feb. Feb. reo 26 Feb. 26 Feb. 12 10% Feb. 10» Sale* % Sale 30% Jan. Jan. Jan. 58 Jan. Jan. Jan. 31 Feb. Jan. Feb. Jan. 1 Jan. 19 Jan. 23 Jan. 24% Jan. 4 Jan. 26 Jan. 110 Feb. 7 27% Jan. 6% Jan. 15 Sale 1 1 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 12 24% Sale 3% 5 Rio Grande Valley Gas Co— Voting trust ctfs 8 15 6% Feb. 25 4 25 "y '1 2 Rice Stix Dry Goods Co Richmond Radiator Feb. 31% Feb. 10 3% Feb. 3 3% Feb. 23 % Feb. 15 Sale 25 Jan. 2% Jan. 3% Jan. 16 14 16 Feb. 94 1,200 Raytheon Mfg, com......50c • 9,000 Red Bank Oil Co 3,400 Reed Roller Bit Co new.... 92 Feb. 66 Feb. 17% Feb. 26 137 11% ... 24 Feb. Feb. 34 102 1,000 4,500 1.400 pref 34% Jan. 60% Feb. 7 85 131 % Feb. 16 Feb. 3 Feb. 7 Feb. 23 6 Feb. 16 138% 145 139 140 16% 17 17% 15% * conv 1 26 77% Feb. 16 72% Feb. 99% Feb. 21 99% 103% Feb. 1 106 32 22% Feb. 5 12 20 Feb. 4 9 Common 3 14 12 2% Jan. 8% Feb. 82 Jan. 90% Jan. 149% Jan. 72% Jan. 77 Jan. Feb. 7 27 13 ... 100 6 28 1,300 Rainbow Luminous Prod A_* Class B common 1,900 Raymond Concrete Pile— 3,350 4% Jan. 5 17% Jan. 7 24% Jan. 25 4 14% Feb. 5% Jan. 29 4 Jan. 7 14% Jan. 26 14% Feb. 9 21 Jan. 28 21% Feb. 24 3% Feb. 28 89 425 Railway 4c Light Securities.* 100 Rys 4c Util Invest cl A com__l 2,200 % 5% 6% 5% 91% 78 95 100 100 27 2% Jan. Jan. Jan. Feb. 14% Jan. 1 Jan. 13% Jan. 24% Jan. • ..... ... Feb. Feb. Feb. Feb. 14 Jan. Jan. Jan. Feb. 66 77 17 5 10 70 10 100 79 13% 1% Public Service of Colorado— 10 30 980 6% 56% 6% 19% ....... 15,100 Producers Corp............I 2,600 Prosperity Co B common...* 1,425 Providence Gas Co.........* 3,000 Prudential Investors com.. 96 preferred .....* 1,950 3,300 8 >3 Premier Gold Mining 1 800 Pressed Metals of Amer.....* 8,400 28% Jan. 68 16 2% Feb. 5% Feb. 14% com. 28 3 1 1% 8% 2% % 3% 14% .......ft Powdrell 4c Alexander Jan. 110 1% 13 25c 125 Power Corp of Can com.....* First preferred ......100 10 100 10 200 60 6 Feb. 3% Feb. 2% Feb. 18 Feb. 13% Feb. 38 Sale 6 26 4 144 3% Feb. 6% Feb. 112% Feb. 31 17% Sale 11 12% 2% 8% 81% 87% 17 Jan. 21 Feb. Feb. 4 Jan. 102 51 %Jan. 48 28 3% 3% 4 2% Sale 18% Sale 3% Feb. 1 110 77% Feb. 6 Feb. Jan. 1% Jan. 4 Jan. 7 94% Feb. l 17 109% Jan. 10 5 112 Feb, 26 7 99% Jan. 29 12 91% Jan. 27 5 9% Jan. 11 3 10% Jan. 24 31 3 Feb. 23 2 5% Feb. 28 26% "Feb". 18 3 27% Jan. 110 1% 5 2% Sale Feb. Jan. 43 6 Jan. 24% Feb. 90 2 92 2% 3% 2% 3% 9% Feb. 23 8 5% Feb. 9% Jan. % Jan. 23 23 16% 19 Pitts 4c Lake Brie RR......50 14.300 2,000 2,000 14,400 8,400 8,800 600 \\ 1.700 62% Feb. 72 21 24 12 5 12 13 23% Feb. 23 _ 7 Sale 37% Jan, Jan. 7 3% Feb. 26 % Jan. " 19 21 9% 9% 28% Feb. 9 Jan. 28 Feb. 11 Jan. 28 24 10 4% Jan. 1% Jan. 27 Jan. Feb. Feb. 14 700 Pitts Metallurgical Co.....10 Pittsburgh Plate Glass com 25 300 500 1 Feb. 89 15% Sale 5% Sale 3% 4 7 1.290 6,200 2.100 3 5 Feb. 11% Feb. 13% 107 3% Jan. 27 1% 35 16 18 5% Feb. 102% Feb. 28 18 9% Sale 88 50 Pitts Bessemer 4c L E RR...50 * 7,400 Pittsburgh Forglngs Co 470 3,500 1 % Feb. 3% Feb. 12 58 ■ 3,200 V % Feb. 3 3% Feb. 26 % Feb. 1 68 Sale 10 8% 8% Sale 21 % 70 1 6.300 Pitney Bowes Postage Meter* 50 vy 3 Feb. Feb. 1 Feb. 1 Feb. 23 Feb. 23 43 31 21% 111% 1 200 Pines Wlnterfront Co 30,600 Pioneer Gold Mines Ltd 14,500 3.000 400 11 4% 1% 35% 23% 23% aiD a & 61% Sale 71% Sale 5% 6% 11% Sale Sale 90 108 Phoenix Securities common. 1 Conv preferred A 10 1,000 8,700 Pierce Governor Co com....* 550 3,500 "mm.... 500 Feb. Feb. 17 18 1% 3% ..._._* 97preferred 950 Pennsylvania Salt Mfg 1,275 100 15 9 % Feb. 6 6 preferred..........100 Penn Mex Fuel 100 Feb. 45 * 100 20 ' 3% % 48£ Feb. 40 Patchogue Plymouth Mills..* mm... ... 40^ 22% 11 1 40 10 200 Parker Pen Co 6,300 Highest Sale Prices 100 6% 1st pref 1,000 Oilstoclcs Ltd common......ft 13,700 Oklahoma Nat Gas com....15 S3 preferred.............50 2,900 100 Lowest Sale Prices 3% Feb. 20 110 Ohio Pub Serv 7% 1st pref 100 3,900 1,100 Highest Sale Prices Sale Sale "21% "23% Sale Sale 260 Ohio Power 6% preferred. 100 30 • 20 20 % ... Ohio Oil 6% Lowest 35 '~-~b 900 Ohio Brass class B__ 350 Ohio Edison $6 preferred...* 175 300 1 Sale Prices Ask 3% 1% 3% Sale 1% Sale North European Oil com.. ...l .10 1,300 Northern Pipe Line 12,100 Nor States Power com A., 100 1,000 t Northern Tex K1 6% pref. .100 1,200 Northwest Engineering... 2,500 Novadel Agene Corp...... Feb. 28 Bid Ask Bid 280 Norlnd PubSert% pref.. 100 100 7% preferred 400 y 150 com... North Cent Texas OH 350 : 1,300 2,100 r Par preferred..... 400 Nor Amer Util Sec 5,600 Feb. 1 1938 6% prior RANGE SINCE JAN. Price (Continued) STOCKS 50 47 Jan. 3 7,100 Noma Blac Corp com ...1 11,500 Nor Amer Lt 4c Pow com.. ...1 3.8o0 $6 preferred 4,100 North Amer Rayon cl A.. II* '""a 9,300 Clara B common........ mm..-- exchange PRICES IN FEBRUARY new tore curb exchange Shares 1,100 curb SALES Since Jan. 1 130 yoek Jai % Fe % Jai 10% Feb. 16 29 29 2 3 Feb. 17 Feb. 26 3% Jan. 28 23% Feb. 10 4 Feb. 4 % Jan. 9% Feb. Feb. Feb. 2% Feb. 5% Jan. 28% Jan. 4 Feb. 4 2% Jan. 14 4 % Jan. 9 4% Feb. 5 1% Feb. % Jan. 3 1 113 21 1\ 53 23 Jan. Jan. Jan. Jan. Jan. Jan. % Jan. NEW 48 AQQREQATE RANGE SINCE JAN. PRICES IN FEBRUARY SALES NEW YORK CURB EXCHANGE Since Jan. 3 Shares STOCKS (Continued) Par 250 Rochester G & E 6% pref-100 common..5 Inc........8 I preferred.....20 Rome Cable Corp Roosevelt ? Field Root Petroleum Co com 700 c\X 9 IX 3X 54 40 5 34 42 34 7 700 Safety Car Heating k Ltd * 3,800 St Anthony Gold Mining—1 St Lawrence Corp Ltd......* A $2 cony pref ......50 5 57,000 St Regis Paper Co...... 7% preferred 100 1,350 2,600 Samson United Corp com—1 5 2,000 Savoy OH Co...... .....* 1,500 Schlff Co com 25 2,200 Scovllle Mfg Co 20 Scranton Elec <6 pref.. * 40 Scranton Lace Co common. * 82 7X Sale 34 IX Sale 3X IX Sale 3X IX 10 3 18 Sale '"234 "2X IX 1234 23 X 25 IX 13 25 " "35" 5 ... 36 3% Sale &* S?K Sale 3% m 2X ox 8X 37% Sale A 6 3% Sale 650 Allotment certificates..... 400 Selfrldge Prov Stores, Ltd— American dep rets £1 Sentry Safety Control 1 Serrick Corp class B com 1 Seton Leather com 1 36 27,700 5 Shattuck Denn Mining 400 Shawlnlgan Water & Power.* 13,600 Sherwin-Williams Co com..25 290 5% cum pref A A A 100 Sherwin-Williams of Can.. IX 45 "2X "2% 40 IX Sale 3X 334 "T" Sale 8 6X 51 59 52 58 56 X 57 X 7X 3* 5 Sale^ A Sale 5X 4X iX IX Sale OX % Sale Ay* 40 IX Sale 3X 3X 35 7 60 34 6034 Sale AA 62 62 A 534 0% „ 19 X 83 88 Sale 8 38 Feb. 3 4 4 Jan. 11 154 Feb. 1 Feb. 5 154 Jan. 13 7834 Feb. 18 Feb. Feb. 3 1 3 3 34 5954 254 2 34 1234 26 Feb. 24 Feb. 15 Feb. 15 Feb. 28 IX 834 Sale Sale 22 20 Sale Sale 87 3 Feb. Feb. 5X 7,800 Simmons H'ware & Paint Co * 2,400 Simplicity Pattern Co —1 540 Singer Mfg Co. 100 Singer Mfg Ltd ... Am dep rets ord reg shs_. £1 1,800 25 Sioux City G & E 7% pref. 100 Skinner Organ Co.. * 1 1 .......1 com 1 IX 5 224 IX in 3X ~X 6 Sale 5X 5 Feb. 134 J an« 10 1034 Feb. 15 24X Feb. 28 25 1,500 Sou Calif Edison pref B 534% pref class C 25 1,700 500 5% original pref 25 1,400 Southern Colo Pow cl A..25 80 South New Engl Telep Co. 100 1,400 Southern Pipe Line..—..10 2,500 Southern Union Gas com...* 5 8,400 Southland Royalty Co ......25 5,100 South Penn OH 50 250 So West Pa Pine Lines 100 IX Sale 5X 6X 2X 3 2634 200 4X 24 24 X Sale 2 2 6 434 4 ox 534 454 3 IX Sale 3X 3 Sale 134 554 334 Sale 554 354 2654 IX 5X 3X 26X IX 3X 148 4X 4 IX 2 6X Sale 37X 38 21X 25 140 Spanish Ac General Corp Ltd Am dep rets ord reg shs..£l Am dep rets ord bear—1£ 2734 * Stahl-Meyer Inc com—....* Sale 25 24J4 25 Feb. 26 25 1634 Jan. 26 11 18 Jan. Feb. 26 12 Feb. 554 Feb. 21 18 Jan. 18 5 Jan. 31 7 Jan. 12 A Feb. %Feb. 28 4 IX Feb. 1 134 Feb. 1 34. Feb. 134 Feb. 134 Jan. 134 Jan. 5 28 "I ""134 Feb. 16 1 Feb. 3 Feb. Feb. X 6X 56X 5734 Feb. Feb. Feb. Feb. 154 Feb. X Feb. 17 1 2 Jan. "3 3 8 734 Feb. 23 60 Feb. 23 19 60 3 6034 Feb. 24 5634 Jan. 28 6034 Feb. 24 10 154 Feb. 34 Jan. 10 3 10 21 354 Feb. 1534 Feb1 Feb. 154 Feb. A Feb. 1 18 15 11 1 1 434 Jan. 154 Jan. 654 Jan. 11 534 1 2J4 4 9 Feb. 1954 Feb. 15 Feb. 23 8954 2 10834 Feb. Feb. Feb. Feb. 734 19J4 8534 10734 1 234 Jan. Feb. X Feb. 654 Jan. 55 Jan. 3 18 8 15 Feb. 3 234 Feb. 7 4 34 8 4 Feb. 24 224 434 Feb. IX Feb. Feb. 1 28 5 14 3 "l34"JanT"I6 434 Jan. 17 11 10 19 Feb. 23 154 Feb. A Jan. 10 17 5 34 Feb. 24 12 11 254 Jan. 34 Jan. 3 10 15 20 5 t. 21 Jan. 134 Jan. 854 Jan. 90 Jan. 12 25 Jan. 27 110 Jan. 21 34 Jan. 554 Jan. 34 Jan. Feb. 7 7 234 Jan. 554 Jan. 13 14 19 34 Feb. 81 Jan. Feb. Feb. Feb. 107 w..* 1,450 12,800 Standard Oil (Kentucky)..10 800 Standard Oil (Nebraska)...25 5,910 Standard Oil (Ohio) com..25 125 5% pref 100 32,300 Standard Power Ac Lt com..l Class B common * 3,400 1 7,900 Standard Products Co ... 1 10,200 Standard Silver Lead 700 Standard Steel Spring Co..5 1 800 Standard Tube class B 7 154 Feb. 24 4 Feb. 9 Feb. 2 240 5 Feb. 15 2% Feb. 134 Feb. 9 3 4 Feb. 3 35i Feb. 2 A Sale 234 a 134 34 „ reg IT* 17 2034 21 18 A Sale A 4 234 Sale Sale 2134 234 Sale 0% 17 12M Sale 834 19 X 9954 IX IX 5X X 9X 21 101 X Sale Sale Sale Sale 7X Sale 2 2% 14 10 5 2734 Feb. 21 534 Feb. 1734 Sale 134 734 Sale 9834 Sale 1 Sale 634 1954 96 2754 Feb. 2534 Feb. 28 15 Feb. 21 Feb. 16 14034 Jan. 7X Sale X Sale 7X 834 2% Sale 18 4 134 1 3 Sale 134 7 954 3X 3 14 2734 Jan. 21 245-4 Jan. 28 3534 Feb. 15 12 134 Jan. 654 Jan. 334 Jan. 2754 Feb. 15 20 Feb. 21 16 14034 Feb. 4 21 Feb. 4 140 Feb. Jan. Jan. 28 Jan. 14 Hit 25 Jan. Feb. 26 3 2 554 Jan. 20 254 Feb. 14 Jan. 24 A Feb. 20 Feb. 23 134 Jan. 34 Jan. 17 34 Jan. 454 Jan. 134 Jan. 13 54 Jan. 4 18 22 18 Jan. 22 22 254 11X 13 54 1754 Feb. 21 Feb. 17 Feb. 18 Feb. 21 234 Feb. 1134 Feb. 734 Feb. 17 634 Feb. 21 3 a;2134 Feb. 25 1934 Feb. 2 98 Feb. 25 9834 Feb. 3 1 Feb. 154 Feb. 21 1 1 1 Feb. X Feb. 1 754 Feb. 634 Feb. 14 1 7 34 Feb. A Feb. 634 Feb. 19 Feb. 234 Feb. 28 1134 Feb. 17 26 20 11 17 5 26 Feb. 25 Jan. 254 Feb. 21 Jan. 12 11 Jan. 1434 Jan. 14 17 Jan. 18 14 Jan. 10 734 Jan. 26 19 Jan. 22 98 Feb. 9954 Jan. 10 5 154 Jan. 14 134 Jan. 834 Jan. 3 17 Jan. Jan. J* 254 Feb. 2X Feb. 8 3854 Feb. 25 2234 Jan. 31 34 Feb. 34 .lan. 4 11 Jan. Feb. 21 4 11 28 Feb. 2 434 234 634 3734 1|5 "3" ""Feb*. "26 Jan. 1734 Sale 654 Feb. 254 Jan. 5 12 5 34 Jan. 88 Jan. 16 16 OX 15 3 Jan. Feb. 21 Feb. 25 Feb. 98 19 21 34 Feb. 28 34 Feb. 28 1634 Feb. 17 3 243 Feb. 2 23 Feb. 9 Jan. '16 4 134 Feb. 454 Feb. *"i 4 Jan. 5 "~234 A Feb. 26 17 2154 9 34 Feb. 24 Feb. 21 654 15 3 1 Feb. 28 4 Feb. Feb. 95 11 2 54 Feb. 14 6 34 Feb. 14 3854 Feb. 25 3 21 Feb. Feb. 11 21 Jan. 454 Jan. 10 Feb. 36 Feb. 25 Sale 11 154 Jan. Feb. 134 Feb. 18 534 Feb. 18 334 Feb. 24 Feb. 88 A 34 K <1.60 cony pref new.....20 Stand Invest <534 pref w 6 154 2 54 134 IX 140 150 14534 135 434 454 4X 4% 234 254 254 234 Sale 634 634 Sale 654 Sale 38 Sale 3834 3854 3734 21 21 23 X 2034 2354 1 Common 12 18 113 ; 2 142 Standard Dredging Corp— 250 Jan. 15 2934 Jan. Jan. 4 2 ** 34 4X 134 * 1,700 Standard Brewing Co 2,100 Standard Cap & Seal com—1 Conv preferred..........10 2,900 200 13 13 13 27 Feb. Feb. 5 3534 Feb. 2,600 Spencer Shoe Corp • Jan. Jan. Jan. Jan. 113 232 "2X Solar Mfg Co......... OX 634 5X IX 5X Corp cony pref 600 3 * Shreveport Eldorado Pipe Line stamped......25 * 2,000 SUex Co (The) common Simmons-Boardman Pub 12,900 Sonotone Corp 1,500 Soss Mfg Co 6,000 South Coast Corp 11 434 6354 334 234 1 24 2 34 500 "2",300 3 Jan. 49 Feb. Feb. Feb. Feb. Feb. Jan. A Jan. 92 Feb. 18 34 Jan. 20 75 28 A Feb. 25"" ~Feb.~26 '25 "Feb. 4 IX 6X Sale 1934 20X Sale 7% Sale 60 , 11 27 Sale "i~ Sale 1 15 934 Jan. 334 Jan. 2 Sale Sale IX 11X 1 Sale 11 Jan. Feb. 234 IX 10X 24X 534 % I X 35 Jan. 6 354 Feb. 38 15 15 IX Sale 2X Sale * 23,200 Seversky Aircraft Corp... "2~, 166 Sale 49 7 34 Feb. 36 Jan. 11 49 28 3 26 4 18 12 Feb. Feb. 534 Jan. 39 534 Feb. 834 Feb. 25 "20"~ "32" Sale IX Jan. 234 Feb. 13 8 Feb. 23 A Jan. 13 Feb 46 4 5 7 Jan. 1 Feb. 3 Jan. 21 Jan. 10 Feb. 23 3 34 Jan. 15 Jan. 22 9! 9634 1334 734 154 10 Jan. 23 1 Feb. 34 Feb. 75 17 1 13 854 Feb. 10 A Feb. 28 X Feb. 2 Feb. 3 534 Feb. 15 4 734 Feb. 36 Feb. 21 3X Feb. 9 1 Feb. 5 39 24 X 1334 Sale 734 654 Feb. 154 Feb. 354 Feb. 23 Scranfon-Sprlng Brook 400 Water Serv $6 pref * 4,000 Scullin Steel Co common...* Warrants 9,900 200 Securities Corp Gen'l com..* Seeman Bros common * 31",500 Segal Lock & Hardware com 1 7,500 Selberllng Rubber com.....* 650 Selby Shoe Co com * ..1 13,700 Selected Industries... Convertible stock........5 1,700 <5.50 prior stock 25 1,200 13 13 Feb. Sale 78X X 4X X 4H Feb. IX 3X 1 Sale % Sale 334 454 3 6 8 Sale 834 40 36 38 3 £9554 Feb. 3 13 3 2X Feb. Sale 45 OX 5X 9634 Feb. 10 2 10 8X X Sale 8 Highest Sale Prices 3X IX 3 11 "A 41 Lowest Sale Prices 8X Sale 9X 'A 2,550 Royal Typewriter com * 2.50 2,200 Russeks Fifth Are Inc 12,900 Rustless Iron & Steel Corp.. 1 350 <2.50 conv pref * 7,900 Ryan Con sol Petroleum * 12,000 Ryerson & Haynes Inc com.l Highest Sale Prices x95X Feb. 13 Feb. 13 7 Sale 8 <1.20 conv 800 Rosala Internet Corp Ask 12 X 16 6 Lowest Sale Prices Feb. 28 Ask Bid Bid 13 16 1034 * Roeser & Pendleton Inc Ask Bid 1 Feb. 1938 1,000 1 Price Jan. 1 1,000 1,700 1,100 8,600 EXCHANGE CUBB YORK 3 Jan, 10 8 Jan. Standard Wholesale Phos¬ 19,900 phate & Acid Works.....20 29,600 Starrett (The) Corp v t C..1 300 Stein (A)Ac Co com.......—* "i",66o "4",666 634% 175 1st 2d Two 200 4,300 U 500 1,500 950 2,400 200 20,900 900 ""200 625 1,800 2,300 800 1,300 24,800 10,800 25 ....100 * "6", 000 Sterling Aluminum Prod—1 1,800 Sterling Brewers inc 1 9,200 Sterling Inc.... .......1 2,450 Stetson (John B) Co com—• ...5 1,900 Stlnnes (Hugo) Corp 1,650 Stroock (S) & Co Inc._._..* * 5,600 Sullivan Machinery Co— 200 Sunray Drug Co common...1 1 40,800 Sunray Oil 1,900 534% cony preferred.. 50 100 Superior Port Cem B com * <3.30 class A part........* """200 Swan-Finch Oil Corp .....15 1,225 Swiss-American Elec pref.100 — 9,100 3,700 2,400 3,600 62,400 27,000 75 3 13 100 2X Sale 16 10 4% Taggart Corp com Tampa Electric Co..... Tastyeast Inc class A..... Taylor Distilling Co 1 .* 1 1 rechnicolor Inc common...* Teck Hughes Gold Mines 1 Tenn El Pow 7% 1st pref..100 6 Sale 4X 254 434 234 7X Sale IX IX 11 13 7X Sale 11X 16X 3 30X Sale 34 8X 5X 109 111 4% Sale 27 29 A X IX IX 16 X Sale 5X Sale „ 254 Feb. 1 534 Feb. 354 Feb. 4 434 Feb. Sale 4 Sale 6 ft ft 354 4 8 634 434 254 634 434 Sale 17 554 Feb. 434 Feb. 25 234 Feb. 16 Feb. 24 134 Feb. 934 Feb. 11 Feb. 4 7 IX Sale 834 8X 1334 Sale 134 10 X Sale Sale 3 36 134 234 1034 Sale 834 934 12 54 1 434 3 2834 34 8 1334 Feb. 3 Feb. Feb. 35 4 28 5 34 Feb. 17 1214 Jan. 26 Sale X 534 434 2654 34 134 2034 534 5 27 % Sale Sale ox 4 1 1 3 354 Feb. 27 554 Feb. 434 Jan. 254 Jan. 654 Feb. 23 434 Feb. 11 254 Feb. 28 734 Feb. 2 1134 954 1334 3 34 3634 Feb. 17 7 17 17 Feb. 134 Jan. 9X Feb. Feb. 14 Feb. 23 1 Feb. 1 Feb. Feb. 4 Jan. 28 7 Jan. 29 4 24 8 11 5 13 34 1 Feb. 4 234 Jan. 3434 Jan. 26 1 454 Jan. 20 Jan. 21 754 Jan. 434 Jan. 354 Jan. 8 25 10 854 Jan. 12 Feb. Jan. 17 29 2 12 7 954 Feb. 23 13 34 Feb. 1 3 34 Jan. 18 3634 Feb. 1 15 11 7 Feb. 103 8 A* AA 18 Sale 554 Sale 3554 Sale 7 115 6 111 „ 254 Jan. 1154 Jan. 17 100 100 3X 454 Sale 1034 1534 preferred............50 preferred..— 20 For footnotes see page 53. preferred Sterchl Bros Stores Inc 2 11 Feb. 23 7 8 115 434 2654 34 134 1634 534 5 Feb. 8 Feb. 2 Feb. Feb. 21 4 Feb. Feb. 9 46 Feb. 23 5 Feb. •23 Feb. 24 Feb. 23 Feb. 1 Feb. 283 2 5 134 Feb. 2054 Feb. 25 3 554 Feb. 46 Feb. 23 Jan. 15 11 Jan. 7 103 Feb. Feb. 23 7 Feb. 23 11634 Jan. 21 534 2934 54 154 Jan. Jan. Jan. Jan. 10 8 10 21 Jan. ,, 8 6 4 Jan. 8 26X Feb. 34 Jan. 25 5 134 Jan. 4 1634 Feb. 534 Jan. 22 46 Feb. 23 554 Jan. 11 17 5 Jan. 27 48 new york February Shares 170 "2,600 300 100 1,000 1,100 1,625 hupfst .2 . Ask Bid Ask 11 TUo Roofing Inc. 8 Sale • Lowest Highest Hair PHres Hale Prices Salt Prices Feb. 26 100% Feb. 97 Sale 4 9 4% Sale 9% 10 4% Sale 10% 9% 8 7% 4% 11 Feb. 4 4 2% 16 Va 2 17% 2% 50" "67 % 3h 2% Feb. 17 ~2'/a Feb. 3 97 4% Feb. Feb. 9% Feb. 24 19 Feb. 17 11 % 9Va Feb. 7% Feb. 5, 50" "57" 2% Tobacco Prod Exports Highest *ule f- "is Feb. 28 1 Bid 10« Tfion Oil A Lund O Thew Shovel Co common.. Tobacco* Allied Stocks To",000 Ask Bid .....1 100 Tlahmtm Realty 8c Conatr. 100 Feb. 1938 5,500 4,300 3,300 1 Jan. 3 ST OCKS {Concluded.) Shares 280 Texas P& L7% pr«-f 2,000 1,800 2,000 RANGE SINCE JAN. IN FEBRUARY Price curb exchange Since Jan. 1 49 EXOHANl^ PRICES sales aggregate In CURB YORK tfEW March, 1938] 5 Feb. 26 102 Jan. 4 3 9Va Feb. 7% Feb. Feb. 17 2% Jan. 4 5 Jan. 24 4% Jan. 12% Jan. 9% Feb. 19 Feb. 17 5 7 12 "50" "67% 3% 3% 3% Feb. 21 3%"Feb"~2l Tobacco Secur Truat Co Ltd Am dep rcte ord reg sh»..£l Am dep rets def reft ..5t Todd Shipyards Corp 80 Toledo Rdlaon «►% pref_.100 700 50 .. . 30 7% preferred A 100 210 Tonopah Belmont Develop..! 1 8,600 Tonopah Mining of Nev 110 44% Sale 7,300 Trl-Continental Corp Warr.. 7% I com. 10 15 % 56 17% 2% V/a 15% Feb. 14 1% Feb. 24 Feb. 49 Sale 15% Feb. Feb. ; 8 14 1% Feb. 24 Feb. Feb. 3 *56 95 26 15 2 % 9% Va 1 Sale Sale 3 6 % Sale 6% 9% %t Sale 1% Sale 2% 3 6Va Sale Va Sale 7% 8% Ke Feb . 92 Jan. Feb. Feb. Feb. Feb. 14 8 Feb. 7 30 Feb. 18 . 1% Feb. 28 Feb. 3 95% Jan. 103 1 6Va Feb. 28 Va Feb. 26 Jan 4 %t Jan. 1% Jan. 3% Jan. %»Jan. % Jan. 2% Jan. 5% Feb. % Feb. 13 28 Feb. 26 56 Jan. II '""4~Feb*."n % 2% 5% % 16% Jan. 1% Jan. 15% Feb. 1% Feb. 44% Jan. 99 % % Sale 6% Sale % Sale 9,900 Trans-Lux Plct Screen 17,900 Tranawestern Oil Co 1 % 93 Trunz Pork Stores Inc......* 2,400 1,800 6,600 2,900 16 2% 53 15 h 50 19 22 20 21 20 7% Jan. Va Jan. 11 11% Jan. 12 13 Tubize Chatilloo Corp— Common.................! 20,100 Class A 1 1,900 6,100 r-jntf Sol I amp Wks com.. 1 80-cent div pre#.... * 1,400 6,600 200 600 800 500 1,700 '"300 300 300 1,400 2,900 900 1,500 Ulen 8c Co 7)4 % pre! 5% preferred Series A preferred... ...25 2* Sale 2% 6% 3% 8 1% 1% 2% 3 8% Sale 29 2% 3 6% 6Va 26 % 2Va Unexcelled Mfg Co Inc.....10 Union Caa of Canada • 1,800 12,200 Union Premier Food Stores. 1 6,200 34,600 Warrantee... United Chemicals Inc— 100 800 100 "vyi% 12% 13% Sale 10 34% 2 Va 7, 2% 6% 2 Va Feb . 10 6% Feb. 3 2% Feb. 4 9Va Feb. 23 33 3 Feb. 23 Feb. 6% Feb. "m"i% 14% Sale 6 12% 13% 2% Sale 1% 1 Va 13% Sale 5%, 5Va 12 12% 2 2% Feb. 18 7% Jan. 15 3 5 7 5% Sale 9 30 2Va 2 * 700 Union Investment Co com..* 400 7%" Sale 25 25 13% Feb. 28 5% Feb. 4 12 Feb. 4 Feb. 15 2% 1 Va 2Va 1% 13% 5% 13% Feb. 10 10 10% Feb. 25 7 Feb. 3 2% Feb. 24 1% Feb. 4 35 Jan. 2% Jan. 6% Feb. 6 Jan. 26 Jan. Feb. 2% Feb. 28 1% Feb. 25 14% Feb. 7 Jan. Jan. Feb. Jan. Feb. Jan. 7 3 7 24 7 Jan. 11 3% Jan. 7% Jan. 12 12 2% 2% 2% 1% Jan. 11 Jan. 12 Feb. 28 Feb. 25 28 15 Jan. 14 28 3 6% Jan. 14% Jan. 11 21 3 12% Jan. 5 Jan. 20 2 United Alrraft * Transp— 9,300 1,100 50,000 3,100 3,900 20 13,700 100 18,300 10% Sale • 3 * 35,300 Un Cigar-Whelan Stores. 10c 7,600 United Corp warrants ...1 129,700 United Gas common $7 1st non-vot pref__ * 5,100 Warrants.. 13,800 100 United G 8c E 7% pref 100 45,700 United Lt * Power com A...* Common class B ..* 2,000 $6 1st pref * 41,300 38 Common....... S3 cum partlc pref__ . H . 275 United Milk Products com..* 83 preferred... .....* 125 8 8Va 3Va 36 % 9% 4% 4% 45 35 45 4% Sale 98 96 1% Sale */0 3% Sale 95% 99 4 Va 94 Sale Va ~3% Sale" 3% 4% 2% 3% 21% Sale 17% 20 18 % 19 68 65 71 Sale 4 Sale 19% 78 2 % Sale 1 Sale 2 % 23 % 3% Sale 19% 19% 2 14 2 94 Sale Feb. % Feb. %6Feb. 3% Feb. Sale x 3 Feb. 25 % Feb. Feb. 2 1 Feb. 1 70 Sale 1 Feb. 7 Sale 4 % Sale ... ....... Sale 47 Sale 3 72 Feb. 3 34 3 2% Feb. 4 3% Feb. 18 16% Feb. 4 Feb. 3 % Feb. 9 19 34 Feb. 2 •Va Feb. 1 % Feb. 4 4% Feb. 23 Feb. 98 16 2% Feb. 3% Feb. 1 18 25 19% Feb. 17 25 % Feb. 34 4 Feb. 34% Jan. Jan. 5^ Jan. * % Jan. % Feb. 3% Jan. 94 10 4 12 Jan. 6 1% Jan. 100 Jan. 70 Feb. 77 Jan. 13 18 2% 4% 16% 17% Jan. Jan. Feb. Jan. 3% 4% 26% 19% Jan. 11 Va Jan. Jan. 12 Jan. 13 Jan. 15 6% Jan. 28 73 63 United Molasses Co Ltd— 1,800 Am deo rets for ord reg.. Preferred......... ...10 .1 1 United Shoo Mach com....2ft 71 310 190 Preferred 400 U S Playing Card 100 6,300 3,800 1,800 2,600 1,700 800 U S Radiator U S Rubber ..10 com 1 com Reclaiming....* U S Stores Corp com... ..... 100 Universal Con sol Oil Co 11,500 Universal Corp "2",300 Y.ooo 1 400 3,500 10,700 *Utll Pow * Light 400 100 2,850 # 4,500 1,725 1,800 2,900 13,500 2,000 4,200 Class B ; ""loo 700 900 4,400 50 2% 2% 22 3 1% 22% 3% n 1% Sale Sale k 9 4% 7% 9 13 4% lX 2Va 9% 2% 9% .4% Sale 2% 10% 3 11 7% Feb. 14 10 Feb. 3 2% Jan. 1 % Jan. 68% Feb. Jan. 4 1 Feb. Feb. H 1% Sale "1% Sale" Ee5- 17 % IV 0 18 2% Sale 5 ...10 Petroleum..... 1 * Sale1' 1 % Sale % % 2 15% % % 2 2% Sale 35% 14% 15% 3% Sale 1% 1% Sale 73 8 6% Feb. 2% 37% 17 3% Sale "7% "8% 5 Jan. 31 14 5 % Feb. Jan. 5 1% Jan. 4 11 49 11 Jan. 13 Jan. 10 14 1 Jan. 11 Feb. 28 1% Jan. 10 57 2 22 Feb. 3 3 Jan. 5 2 Feb. 2 % Jan. 19 Feb. 14 Jan. % Feb. 21 1% Jan. 20 % Jan. 15 Feb. 23 25 Feb. 17 1% Feb . 4 Feb. 15 1% 36% z/a 1% Feb. Feb. Feb. Feb 1 Feb. 5 4 1 3% Feb. 16 % Feb. 1 % Feb. 5 18 1' 23 37% Feb. 1 1% Feb. 42 % Feb. 25 4 % Feb. Feb. 2 8 25 %6 Feb. 1 1 2% 35% 14% 3% 1% 4% Feb. Feb. 3 77% Jan. Feb. 42% 6% 6% 1% 23 Feb. 17 1 Feb. 14 Sale 1 8% Feb. 23 3 2 22% Feb. 4% Jan. 20 3% Jan. 13 Jan. 11 13 Feb. 28 15 Feb. 17 3 2% Feb. 4 2% Feb. 1 2 Jan. 4 Jan. Jan. 31 3 Jan. 13 31 1% Jan. 3% Jan. 12 4 Ve 2 14 16 16 4 7 "2% Feb. 34 44 28 % Feb. 25 3% Feb. 14 2 64 Feb. 1% Feb. 23 2 2% Feb. Feb. 39 21 Feb. 3 Feb. 2 Feb. Feb. 22% Feb. 3% Feb. 1 % Feb. 3 15 "l% "I ...100 com 10 23 57 % Feb. .....1 Venezuela Mexico OH 12 Jan. 3 Feb. 22 % . 41% Van Norman Mach Tool Jan. 1 1 1 42% Feb. 1 5% Feb. 6Va Feb. 24 1% Feb. 2 Sale 3 39% Sale Jan. 5 8 11 15 Feb. 17 1% Jan. 4 Feb. 15 34 1 % Feb. 7 16% Feb. 1" 18 Jan. 10 43% Jan. 2% Jan. 15 15 Jan. 6 Va Jan. 2% Jan. 17 Feb. Jan. Jan. Jan. 44 1 Feb. 2 14 Feb. 36% % 1% % Jan. 3 Jan. 3 Jan. 14 17% Jan. 8 3 2 % Jan. Feb. 17 36 Feb. 10 26 3 40% Jan. 6 21 14% Feb. 3 % Feb. 16 15% Fqb. 21 13% Jan. 5 16 11 3% Feb. 1% Feb. 23 3 Jan. 28 14 1% Jan. 31 34 1 3 IVa Feb. 70 Feb. 23 3 7 Feb. 2% Feb. 1 Feb. 18 73 Feb. 1 x7Va Feb. 14 2% Feb. 9% Feb. 10 2 2% Jan. 70 Jan. Feb. 23 27 6% Jan. Jan. 3% Feb. 23 1% Jan. 18 77% Jan. 18 x7Va Feb. 14 2% Sale 9 11 1% • V4. Walker Mining 1 5 1H 5% 5! % 1% 7% 6% 7 V* aVA 3 Sale 8 10% 2 7 Class B... 8% % 1% 6% 5% Va 1% 5% MA .. 5% Sale 2% Sale 3% Sale 7 11% 2% 8% 3% 11 9 1* "m Sale 7 2% Sale 3% 4 7 8 % Feb. Feb. 23 10 6% Feb 8 6% Feb. 2 Sale 6 Jan. 29 3% Jan. 11% Jan. 6 10 Jan. 28 83 28 Jan. Jan. Jan. Feb. Jan. Feb. "4 7 Jan. 4 % 1% 6% 5% 5Va 2 Feb. 16 3 8 Jan. 3 % 1% 6% 6% 6% 2% 4% Jan. Jan. Jan. Jan. Jan. Jan. Jan. 12 10 26 12 17 8 13 Jan. 7 8 Jan. 7 Jan. 6 75 Jan. 12 21 % Jan. 9 Fen. 26 22 Feb. 17 10 9 Feb. 10 Feb. 3 Jan. 11 Jan. 18 Jan. 10 7 8 Feb. Feb. 11 Feb. 23 8 Feb. 1 Feb. Feb. 16 3 3^ 2% 6% 5% 3 9 65 11 2% Jan. 83 2% Sale 10 Waltt 8c Bond Inc class A..* 1,600 Welsbaum Bros-Brower Co..l 2,200 Wellington Oil Co common..1 1.25 7,200 Wentworth Mfg Co 5,300 Western Air Express Corp..l 100 Western Grocery com... ..20 1,500 4,100 2,000 3% Sale 1H 42% Sale % Sale 1H 1% % Sale 1% 2 900 Wayne Knitting Mills 700 900 % 57 1% Sale 22 22% • .* 3,300 Waco Aircraft Co 2.600 Wagner Baking com v t c...* 50 7% preferred...........100 Wahl (The) Co common....* 100 6 "l% Sale" 1,000 Vogt Mfft Corp.. 400 6 6% Sale Sale 5Va ~1% Sale" 1 5 230 % Feb. 71 1% Feb. 68% Feb. 39% Feb. 4% Feb. 5va Feb. % Feb. Sale 70 41% Sale 5% Sale 5% 1% % "2% "2% 1 Jan. 1 "8M"Feb. Feb. 4 % Feb. 170 Virginia Pub Serv 7% pref 100 90 200 11 Sale Sale • Valspar Corp common $6 conv pref Venezuelan 8% 6% 2% * 5 * com common.. 7% preferred... 6% Jan. Feb. 228 "l% 3 BAs % lVa 1% 2% Sale 5 8% 1% Sale 9 5 Conv preferred...........7 200 175 800 1% 50% Sale 1% 1H 21% 22% 2% 3 1% 2% 3% 1 com.. 2,000 Utah Pr & Lt $7 pref 1,800 Utility Equities com Priority Stock 1,450 800 Utility 8c Ind Corp com 1,200 5% Sale Universal Pictures 8,400 600 900 10 vtc 150 Universal Products Co.. Utah Idaho Sugar Co... 150 2,900 1,275 1,500 3,500 Sale Universal insurance.. .....8 " Sale 1% H Sale 8% 11 4% Sale 1% Sale ..* 17 Conv 1st pref 350 * 1,700 United Stores Corp com vtc * 17,700 United Verde Extenolon. 50 2 19,900 United Wall Paper 40 2% 25 3,400 United Specialties common.1 .* 8,700 U S Foil class B_. 3,800 U S & Internat Sec com....* 1st preferred with warr • 2,750 ......* 3,700 U S Lines Inc pref 1,400 2,400 1,200 1,600 1,400 1,100 14,000 5,600 11 1 2,850 United Shipyards class A Class B 29,600 15,600 1,225 650 8 37~,606 24",166 6% " ... 2,300 Unit Profit Sharing com....* 1,500 6Va 6% 6% .. 20 United NJRR& Canal..100 Feb. 3 1 2% Feb. 3% Feb. 23 % 1% 6% 5% 5% 1 % . 6 Feb. 9 11 28 28 23 26 1 Jan. Western Maryland Ry— 50 7% 1st preferred.......100 Western Tablet 8c Stationery 150 100 Westmoreland Coal Co 22 24% 22% 25 * 17 22 10 9 Feb. Feb. 17 Feb. 69 22 21% Feb. 9 16 Common 100 100 Feb. 3 69 Feb. 3 2Va Feb. 6% Feb. 5 Feb. 3Va Feb. Va Feb. 3 10 West Texas Utilities Co— $6 preferred............ 5,900 W Va Coal 8c Coke com 50 40 2,600 1,300 Weyenberg Shoe Mfg Co 700 Williams (R C) * Co 2,600 Williams Oil-O-Matlc Htg 300 300 1,200 400 Y.666 100 20 100 3,000 1,000 „ ~2% Sale" "2% Sale" 5 * at % 8Va 8Va 1,700 J W11-Low Cafeterias com—.1 Convertible preferred * 2,400 * 1,700 Wilson Jones Co com 1 400 Willson Products Inc 20 Wisconsin P * L 7% pref.100 10 1,000 Wolverine Port Cement 9,400 Wolverine Tube Co com 2,400 Woodley Petroleum Corp 2 1 2% 4% 0% 2% Sale 7 6% 5% 6% 7Va 5 6 4 6% 1 * 3% % % 3% % 1 8% 10% Sale 1 10 8% 10% 6 5% 7 6% 7 14 28 1 2% Feb. 7 % Feb. 17 9 5% Feb. 3% Feb. 23 4 % Feb. , 9 "3" "3% "3" "T% 5% 6% 4 Sale 6% 8% Feb". "14 9 9% Feb. 65% Feb. 11 Feb. 25 3 4 5 Feb. 6 Feb. 18 9% Feb. 9% Feb. 18 66% Feb. 11 Feb. 25 3 9 5% Feb. 23 2 6% Feb. 69 70% 2% 7% 5% 2% Feb. 3 6 Jan. 11 5 .lan. 3 3% Feb. Va Jan. % Jan. 4 Jan. 31 Jan. Feb. Jan. Jan. 27 Feb. Jan. 21 9% 66% 3% 7% 6% 8 9% 65% 2% 4% 6 Feb. 9 14 4% Jan. 18 10 Jan. 4 1 Jan. 14 10 Jan. 14 9 11 5 3 Feb. 11 Jan. 12 Jan. 11 Jan. 24 Woolworth (F W) Ltd— 100 64,600 Am dep rets ord shs ..5s 126,400 Wright»Hargreaves Ltd Door..J.* "3",400 2,700 Youngstown Steel 10,100 Yukon Gold Co........—.5 For footnotes see page 53. 15% 17% 7 H Sale 17 16% 8% Sale 19% Sale 1% Sale "1% Sale 16 7 Va 3 16% Jan. 7% Jan. 28 8% Feb. 3 16% Jan. 28 8% Feb. 3 21 % Jan. 17 19% Jan. 1% Jan. 3 Feb. 4 2% Jan. 16% Sale "1% ""2% 7% Feb. 23 1% Feb. 1 2 6 11 NEW 50 AGGREGATE Jan. 3 Jan. 1 Feb. 1 1938 Ask Bid Bid 98 % 102 26,000 218,000 345.000 44,000 12,000 91,000 6« 2016 709,000 71,000 Amer Radiator deb 4^s.. 1947 45,000 American Seating 6a stpd 1946 247,000 Appalachian El Pr 5s 1956 77% Sale 10534 10634 2024 125,000 Appalachian Power 6a 5s 1941 66,000 1951 222,000 Ark Louisiana Gas 4s 623,000 Arkansas Pr 8c Lt 5s...—1956 1953 405,000 Associated Blec 4%s 31,000 Assoc Gas 8r Blec 4%«...1948 4%« registered........ 1948 1,000 6s 1968 355,000 5Hs lnr ctfr 1938 271,000 3,000 5%s inv ctfs reg 1938 4^1 series C..........1949 398,000 5%s 1977 34,000 Conv deb 5s..........1950 329,000 124,000 Assoc Gas & Elec Corp 5s. 1973 Conv deb 4%s 1973 129,000 110 7,000 80 % 91% 86 % 99 92 Sale Sale Sale 101 94 102 70 Ask 104% 10234 104 Sale 70% Sale 80 83 76 Sale 90 82 93 84 102,000 7,000 122,000 275,000 156,000 17,000 138",666 104,000 219",000 17,000 124,000 91,000 103,000 46,000 9,000 45,000 112.000 Assoc Tel & Tel 5%s A...1955 20,000 Atlanta Gas Light 4%s..l955 64,000 Atlantic City Elec 3%a_.1964 3,000 Avery (B F) Sons 5s 3,000 w Highest Lowest Highest Sale Prices Sale Prices Sale Prices .8034 75% Sale 90 9034 73 Feb. Feb. 81 82 90 79 106% Sale 107 107 Sale Sale 79 Sale 10534 Sale 111% 107 J4 107% 9934 100 92 Sale 36 Sale 27 29 24 26 160,000 49,000 16,000 10,000 74,000 25,000 12,000 75,000 108,000 169,000 20,000 135,000 95,000 56,000 17,000 6,000 12,000 251,000 92,000 132,000 223,000 40,000 39,000 22,000 126,000 5,000 27,000 Canada Nor Power 5s 1953 ♦Canadian Pacific Ry 6s. 1942 Carolina Pr 8t Lt 5s 1956 Cedar Rap Mfg 8c Pow 5s. 1953 Cent 111 Pub Serv 4%a F.1967 5s series B 1956 5s Series G 1V68 4%a series H 1981 Cent Ohio Lt 8t Pr 5s A..1950 Central Power 5s ser D—1957 501.000 Central Pow 8t Lt 5s.....1956 159,000 Cent States Elec 5s 1948 259,000 514s 1954 371,000 Cent States Pr 8t Lt 5%a_1953 Chicago Dist El Generating 96,000 414s series A 1970 4,000 6s series B .1961 Chicago 111 Midland Ry— 54,000 414s series A —..1956 Chicago Junction Rys 8t 51,000 Union Stock Yards 5s..1940 206,000 t'Chlc Rys 5s ctfs of dep-'27 29,000 Cincinnati Street Ry 514sl952 57,000 6s series B ....1955 90,000 232,000 326.000 76,000 316,000 137,000 155,000 25,000 9,000 28,000 .... 31,000 664,000 159,000 71,000 144,000 84,000 325,000 146,000 72,000 Cities Service 5s 1966 1,538,000 Conv deb 5s 1950 204,000 5s 1958 107,000 5s 1969 305,000 Cities Service Gas 514S..1942 144,000 Cities Serv Gas Pipe L 6s. 1943 604,000 Cities Service P 8t L 514s.l952 160,000 514s gold deb ...1949 59,000 77,000 Bank 514* 1937 8,000 Commonw Edison 414*—.1957 18,000 5s series A............1953 9,000 5s series B .........1954 9,000 414s series C...... ...1956 173.000 4s series F ...—1981 58,000 3H* series H 1965 - 26 2 89 Jan. 27 8 79 80 Jan. Feb. 2 78 76 Feb. 1 91 % Feb. 82 Feb. 15 3 . 27 81 3 27 92 25 80 Jan. Feb. 13 6 25 10 107% Jan. 9 108% Jan. 14 67 Feb. 8 105 Feb. 8 3 79 Jan. 3 104% Feb. 10 104% Feb. 1 108% Sale 161% Sale 93% Sale 35% Sale 26 28 107% 106% 99% 89% 32% 2534 3 Feb. 23 110% Feb. 8 2 106% Feb. Feb. Feb. 24 1 102 Feb. 1 94% Feb. 26 Feb. 4 37% Feb. 11 Feb. Feb. 16 Feb. 14 28 104% Jan. 81 Jan. 5 Jan. 13 105% Jan. 21 Jan. 14 90 27 105% Jan. 107% Feb. 23 112 106% Jan. 20 107% 4 102 99% Jan. 86 Jan. 26 95% 4 32% Feb. 41% 22 3 Jan. 2 106% Feb. 106% Feb. 3 99 2 Feb. 17 25 j§8 8 73 Feb. 8 105% Feb. Feb. Feb. 23 8834 Feb. 67 105 87 80 Jan. Jan. 19 25 Jan. Jan. Jan. Feb. Jan. 3 14 32 24 11 Jan. 10 28 28 Feb. 16 26% Jan. 29 % 62 Sale 64 "28"" Sale' 34 37 31 Sale 27% 74% 24% 30 Sale Sale 27% Sale 8434 86 Sale 2534 Sale 32 2834 Sale 49 44 72 9254 Sale 95 Sale 76 77 92% 9734 Sale 94% Sale 33 28% 53% 49% 73% 9334 99% 92 W..1947 927,000 ♦Convertible 6s........1950 275,000 Bell Tel of Canada 5s 1955 94,000 1st M 5s ser B June 1 1957 50,000 5s series C 1960 48,000 Bethlehem Steel 6s 1998 156,000 Birmingham Blec 4%a 1968 52,600 Birmingham Gas 5s—..1959 41,000 Broad River Power 5s A..1954 Jan. Feb. 25 35 Sale Sale Sale 74% Sale Sale Sale 67 Sale 112% Sale 120 Sale 121% Sale 129 % 130 79 813-8 56% 57 82 85 103 % 106 107 9634 Sale 114 115 Sale Sale 99 103 81* 98 88 99 93 70 Sale 37 3934 44% 40 Sale Sale 10534 106 34 10534 108 91315 9234 106 % 1063i Sale 8134 62% Sale 83 Sale 64% 64% Sale 79 83 104 103% Sale 10534 10634 107 87% Sale '88 96* 95* Sale Sale Sale Sale 93 §5* SIX 36 95 70% Sale Sale 3634 Sale 41% Sale 10534 Sale 107 92% 109 95 106% Sale 44% Sale Sale P Jan. 10 18 Feb. 2 34% Feb. 17 30 Jan. 28 36% Jan. 13 30 Feb. 11 26% Jan. 27 Jan. 10 Feb. 26 31 27% Feb. 16 It* 4 54 Feb. 26 46 Jan. 27 4 49% 75% 93% 99% Feb. 28 Feb. 10 Feb. 28 Feb. 24 42 Feb. 4 49% Feb. 28 72 Jan. 3 80% Jan. 92% Feb. 97% Feb. 10 95 Jan. 15 24 92 Feb. 28 90 Feb. 26 88* 92 Feb. Feb. 28 79 3 113 Feb. Feb. 25 79 42 Feb. Feb. 73 Feb. 25 47 92% Feb. 10 1 9734 Feb. 90 Feb. 26 4 2 2 Feb. 14 121% Feb. 25 8 122% 1 61% 112% 119% 120% Feb. 4 Feb. 25 Jan. Jan. Jan. 4 114% Jan. 7 122% Feb. 18 2 5 130 Jan. 28 121% Jan. 4 132 Feb. 1 132 82 Feb. 1 Feb. 8 64 Feb. 19 67 Feb. 3 80 Feb. 17 84 Feb. 3 80 Feb. 17 4 104 Feb. Feb. 23 103 25 105 Jan. Jan. Feb. 2 81 Feb. Feb. 1 Feb. Feb. Feb. Feb. 1 87 2 95% 94% 89% 93% 77% Feb. 28 4 108 Feb. 9 9 23 Feb. 23 Feb. 26 Feb. 25 13 113% Feb. Feb. 1 85 Jan. 12 67 Feb. 3 87 Jan. 11 19 104 Feb. 23 26 108% Jan. 21 Jan. 98 18 77% Feb. 28 4 55% Jan. 11 115 Jan. 16 Jan. 93 13 6 11 6 17 Feb. 14 101% Jan. Feb. 16 99% Jan. 9 6 Feb. 91% Jan. Feb. 23 Jan. 30 96 7 70% Feb. 23 66% Jan. 5 90 Jan. 15 82% Feb. Jan. 14 34% Feb. 15 41 28 34 Feb. 17 41 46 Feb. 28 39% Jan. 29 46% Jan. 17 105% Sale 10534 108 105% Feb. 10 106 Feb. 3 105% Jan. 105% Jan. Jan. 12 11 107% Jan. 24 94 Feb. 28 91% Feb. 16 1 106% Feb. Feb. 16 45 7 106% Feb. 1 4 Feb. 15 89% Feb. 16 91% Feb. 7 54% Feb. 16 4 50% Feb. 4 51% Feb. 65 Feb. 25 94 Sale 45 Sale 62% 67 53 Sale 5734 5734 98% 101% 54% 83 5834 Sale 55 91% Feb. 16 106% Feb. 106% Sale Sale Sale 29 8 17 57 51% Sale Sale Sale 28 Feb. 40% Feb. 89 5334 Sale Jan. Sale 10034 95 71 Feb. 89 10134 48% 48% 8 38 90 Sale 10134 5234 Sale 5234 Sale 18 64% Jan. 22% Jan. 17 89% 94 % 10 Feb. Feb. 8834 9034 100 Jan. 85 34 80 Sale 33 4 Sale 90 57 27 Jan. 81 Feb. 21 8734 84% 114% 11334 Feb. 11 114% 87 Feb. 16 9034 89% Sale 95% Feb. 14 98% 9634 98 96 97 94% Feb. 16 97% 9 89% 89% Feb. 89% 87% 8 96 94 96 93% Feb. 69 Feb. 11 69 71 70% 88 2 Sale 82% Feb. Sale 3434 Feb. 15 37% 47 Sale Jan 62 114 85 62 26 18 26 Feb. 10434 103 108 105% Feb. 4434 90 19 9 Feb. 2 61% Feb. 77% Sale 112% 11234 112% Feb. 78 26% Jan. Feb. 85 23% Feb. Feb. 120% 121% 120% 12034 120 121% 120% Feb. 120% 121% 121 132 Feb. 135 142 Sale 132 90 91 66 86J- 66 112% Sale 19 29 26% Feb. 74% Feb. Baldwin Locomotive Works— 458,000 73 65 82 Feb. 72 Sale 7034 Sale 10534 105% 105% Sale 87 Sale 87 89 10434 Sale 10934 Sale 106% 107 99% Sale 8934 Sale 35% Sale Feb. Feb. 14 10 Feb. 106% Feb. 10 107 106% Sale 9 107% Feb. 106% 10734 106% Feb. 80 106% 106% 17 103% Feb. 26 102 Feb. IVA Jan. Jan. Jan. 103% Feb. 25 103 % Feb. 25 3 68 Feb. 10 72% Feb. 78 American Power & Light ....... Lowest Sale Prices Feb. 28 Ask Bid BONDS 1942 15,000 Abbott's Dairy 6« I"? 346,000 Alabama Powar 4%a 1st Ac ft St 1956 28,000 5s 1968 150.000 1st 5s ......1946 149,000 1st Ac ret 5s .........1951 120,000 5s Registered......... 1951 7,000 1948 39,000 Aluminium Ltd 5s 588,000 Amer Gas & Blec deb 5s ..2028 5,000 148,000 13,000 59,000 27,000 66,000 1 Price NEW YORK CURB EXCHANQE Since February RANGE SINCE JAN. PRICES IN FEBRUARY SALES In EXCHANGE CURB YORK Sale Sale 43 83 52 Feb. Feb. Feb. 3 4 84 11 43 106% Jan. Feb. 16 52% Jan. 5 15 83 Feb. 3 89 Jan. 28 91% Feb. 7 16 4 65 Feb. 25 4 59 Feb. 10 24 Feb. 4 59 Feb. 24 59 Feb. 24 59 Feb. 24 52 Feb. 23 1 100 94% Feb. Sale Feb. 11 102% 10134 100 4 57 47 Feb. Sale 3 47 Feb. 57% Sale 12 Jan. 54% Feb. 50% Feb. 51% Feb. 59% Feb. 25 5 106 Jan. 94% Jan. 95 87 Jan. 60% Jan. 7 Feb. 23 29 100 4 11 102* Feb. 4 Feb. 24 Feb. 4 100 Feb. Feb. 24 47 Feb. Feb. 24 47 Feb. 3 57% Feb. 24 87% Feb. 26 70 Jan. 8 87% Feb. 26 7 ♦Commers und Prlvat 85,000 51,000 42,000 84% Feb. 86% 1 11234 112% 11234 11234 10834 11334 114 114 113 111% Jan. 112% Jan. 112% Jan. 17 112% Jan. 11 113 Jan. 112 Jan. 22 112% Jan. Sale 107 Jan. 106 Sale 105% Jan. 24 109 Jan. 5 106% Jan. 1939 1954 106% 108 12034 125 1971 10334 Sale 104% 30,000 Consol Gas of Bait 5s 21,000 414 e 18,000 8434 Sale 103 Sale 102% Sale 65 Sale 60% 6034 Sal© 95% 9634 97% 96% 97% 26% 130 126% 130 106 106 106% 105% 107 120% 121 12334 121% 124 165,000 Com'w'Ith Subsld 514* A.1948 124,000 Community Pow 8t Lt 5s. 1957 104,000 Community Pub Serv 5s A1960 Conn Ltg & Pow 7s A....1951 "5",000 70 10334 105 5934 Sale 9434 9534 127 128 103 9 Feb. 25 103% Feb. 65 Feb. 26 1 Feb. 9 Feb. 21 97% Feb. Feb. 20 112% Jan. 25 15 4 7 Jan. 6 102% Feb. 25 104 3 67 Jan. 15 59% Jan. 4 94% Jan. 97% Feb. 9 105 J- Jan. 120 106% Feb. 12234 Feb. Feb. 4 Feb. 106% Jan. 122% Jan. 4 31 Consol GEL AP Bait— 113,000 283,000 27,000 262,000 14,000 14,000 16,000 155,000 98,000 657,000 28,000 32,000 69,000 205,000 160,000 19,000 87,000 97,000 211,000 Delaware Elec Pow 514S..1959 30,000 Denver Gas 8c Elec 5s....1949 264,000 Detroit City Gas 5s B...1950 216,000 6s series A 1947 108,000 ♦Detroit Int Bdge 4%a__1952 24.000 ♦Ctfs of deposit 57.000 *25-yr s f deb 7s 1952 18,000 ♦Ctfs of deposit......... 3%a series N Sale 10534 Sale 104% Feb. 2 105% Feb. 28 103% Jan. 3 105% Feb. 28 Consol Gas Utilities— 63,000 12,000 53,000 2,000 239,000 77,000 254,000 12,000 38,000 33,000 159,000 654,000 286,000 609,000 21,000 56,000 118,000 309,000 6s A stamped ....1943 Continental G 8t El 5s ...1958 Crucible Steel 5s..1 1940 Cuban Telephone 714*—1941 Cuban Tobacco 5s 1944 Cudahy Packing Co 3%s.I955 Eastern Gas Ac Fuel 4s A.1956 Edison Elec Ilium 3%a 1965 Elec Pow Ac Lt 5s 2030 Blmlra Wat Lt At RR 5s.. 1956 El Paso Elec 5s A 1950 Empire Diat Elec 5a_. 1952 Empire OH 8c Refining 5 Ha' 42 62 Sale 78 Sale 60 69 % 60 61 63 6134 65% 7234 Sale Sale 101% 102% 101 103 96% 96% Sale 98 50% ou?4 50% 55 55 94 Sale 93% Sale 10134 10234 97 10134 50 5434 101% 96% 5034 10034 Sale 100 Sale 100% 101% 109 102 109 109% 109% 102 Sale 102% Sale 104 Sale 10434 Sale 5 6 4% 434 5 3% 534 4 1 1% 1% 1% % 34 1% Sale 94 104 105% 434 5 4% 4 5 1% 34 134 134 3% 1% % 103 6734 Sale 10734 10734 68 104 101 84 Sale Sale Sale 87 7134 7334 55 65 7534 Sale 107 Sale 100 78 102 Sale 108% Sale 69 63% Sale 102% 10434 1041% 101% 101% 103 87 86% 88 74% Sale 81% Sale Feb. Feb. Feb. 5 63 4 72% Feb. 28 8 98% Feb. 14 55 Feb. 25 94% Feb. 23 96 Jan. 50 Jan. 1 Feb. 2 109 Feb. 1 103 Feb. Feb. 21 105% Feb. 2 Feb. 24 7 Feb. 25 Feb. 1 73% Feb. 19 107 Feb. 60 Feb. 65% Feb. Feb. Feb. Feb. 2 Feb. 101 99% Feb. 16 100 Feb. Feb. 60 3 16 103 Feb. 28 3 Feb. Feb. Feb. 3 5% Feb. 5 Feb. 1 % 1 1 21 21 Feb. 23 Feb. 21 78% Feb. 28 1 108% Feb. 69 Feb. 4 19 28 Sale 103% Feb. 23 104% Feb. 26 Feb. 25 102% Feb. 18 102% 101 90 Feb. 16 2 88 Feb. 8934 4 81% Feb. 28 73% Feb. Sale 93% Feb. 3 65 4 80 16 103 24 100 24 55 8 96% Jan. 12 Jan. 10 Jan. Feb. 18 7 2 Jan. 25 Jan. Feb. 16 103% Jan. 13 6 109% Jan. 19 Jan. 6 103 Feb. 24 Jan. 4 105% Jan. 18 Jan. Jan. 27 5% Feb. 21 7 5 Feb. 21 Feb. 1 Feb. 25 1% Jan. 14 % Jan. 14 1% Jan. 5 99% 108% 100% 103% 4% 3% 67 Jan. 106% Jan. 3 79% Jan. 14 28 108% Feb. 60 Feb. 4 84 Jan. 5 90 Jan. 73 Jan. 4 81 Feb. 71% Jan. 103% Feb. 23 104% Jan. 101 Jan. 3 102% Feb. 19 14 3 18 13 26 Ercole Marelll Blec Mfg 53 -.1953 1967 10334 Sale 103% 44,000 82,000 Federal Water Serv 5%a_1954 6734 Sale 63% 15,000 27,000 28,000 2,000 50,000 168,000 34,000 6s stamped... 1961 103,000 Firestone Cotton Mills 5s.l948 7,000 67,000 15,000 6%a 145,000 Erie LightlngSs 55 Feb. 53 55% 61% 102% Feb. Sale 105% Sale 19 64 Feb. 4 103 Feb. 65 66% Sale 56 Feb. 4 Feb. 4 53% Jan. 26 56 7 105% Feb. 24 102% Feb. 7 105% Feb. 24 66% Feb. 25 2 105 Feb. 21 2 105 104% Feb. 104% Feb. 24 105 Feb. 2 103 Jan. Feb. 1 103 94 Feb. 21 93 84% Feb. 82% Feb. 64 Feb. 4 71% Jan. 11 Finland Residential Mtge 160,000 Firestone T 8c R Col 5s..l942 3,000 First Bohemian Glass 7s_1957 69,000 Florida Power Co 4s C...1966 410,000 Florida Power 8c Lt 5s 1954 10234 104% 10534 10534 10634 ----- 94 102% 104 10434 105 104 105 105 10434 Sale Sale Feb. 25 81% Feb. 80% Feb. 2 84 Feb. 86 Sale 86% Sale 103% Feb. 10334 Sale 104% Sale 101% 10134 101% 102 101% Feb. 101% 101% 101% 101% 101% Feb. 5 100 94 Sale 81 80% "8534 Sale 105 100 8134 Sale 93 95 84% Sale 82% Sale 93 5 Fen. 21 Jan. 13 105% Jan. 13 mx Jan. Feb. 25 95 4 10 21 28 80% Jan. 28 24 79 Jan. 26 84% F9b. 87% Jan. 83 Jan. 102% Jan. 22 105 Jan. 8 4 Gary Elec Ac Gas— 21,000 151,000 25,000 5,000 52,000 5s ext stamped ........1944 380,000 Gatineau Power 5s ...1956 46,000 6s 1941 35,000 6s series B 1941 For footnotes see page 53. 83 8434 103% Sale 10134 Sale 10134 101% 86% Feb. 25 8 104% Feb. 17 3 101% Feb. 25 2 101% Feb. 25 103% Feb. 101% Jan. 101% Jan. 89 Jan. 20 104% Feb. 17 3 101% Jan. 10 4 101% Jan. 31 0 \ March, 1938] AGGREGATE NEW SALES PRICES IN FEBRUARY new york In Since February RANGE SINCE JAN. 1 Price curb exchange Jan. 3 Jan. 1 s 51 EXCHANGE CURB YORK 1938 S BONDS (CMttatMd) 27,000 Gen Bronze conv deb 6*. 1940 14,000 Gen Pub Serv Go 5i 1953 1,000 7,000 90,000 6,000 16,000 274,000 9,000 10,000 156,000 8,000 39,000 700,000 35,000 10,000 Gen Pub Utllltlee 6%« A 1956 ♦Gen Rayon Ltd 6a A....1948 118,000 3,000 56,000 4,000 5.000 24,000 195,000 47,000 122,000 15,000 10,000 37,000 Glen Alden Goal 4a . Gen Wat Wka & El 5$ A..1943 Georgia Power ref 5« Georgia Pow & Lt 5a 1967 1978 ......1953 ♦Geafuerel Ga 1965 Gobel (Adolf) deb 4%s ..1941 Grand Trunk West Ry 4s 1950 Great North Pow 5s stpd 1950 Grocery Store Prod 6s...1945 Guantanamo Ac W Ry 6e.l958 Bid 73 87% 70% 72 U* 87 60 Ask 75 72 76% Sale 65 68 Sale 90 Sale 107% Sale 65 Sale 84 67 68% Sale 74 76% 75 77% 81 Sale 50 74 53 36 38 69 80 71% 74 72% 83% 63 30 57 Feb. 28 Ask Bid 90 31% 66% Feb. 1 Bid ..... 68 64 58% Sale 90% 92 107 61 Sale 55 Sale 34 Sale Ask 72 83 Sale 78 Sale Sale 57% "31% Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices 73 Jan. 6 Feb. Feb. 2 67 80 Feb. Feb. 68% Feb. 75% Feb. 3 5 73 Feb. 2 26 76 Feb. 8 4 73% 83% 58% 33% Feb. 26 Feb. 28 Feb. 19 Feb. 7 67 80 72 79 ..... 59 18 57% Feb. 25 33% Feb. 7 62 66% Sale 57 58% 57% 92% 93% 90% 107 107% 58 65 60% 57 Feb. Feb. 1 Feb. 8 Feb. 2 Feb. 11 Feb. Feb. 55 Feb. 33 Feb. 1 69% Feb. 17 58% Feb. 1 93 18 107 14 62 1 59 Feb. 26 Feb. 18 Feb. 17 Feb. 14 67 80 67 75 Feb. 1 Feb. 2 Jan. 27 Jan. l^i 72 Feb. 4 78% Jan. 28 57% Feb. 25 33% Feb. 7 62 87% Jan. 6 12 74 Jan. 76 Feb. 8 Jan. 12 78 88% Jan. 15 Jan. 10 33% Feb. 7 68 Feb. 8 71% Jan. 56 % Jan. 90 Jan. 107 Jan. 3 63 93 Jan. 3 60 Jan. 21 65 53 Jan. 8 59 Jan. 5 Feb. 14 33 Jan. 28 14 12 Feb. 26 4 107% Jan. 3 Guardian Investors Corp— 23,000 62,000 9,000 26,000 16,000 Hackensack Water 5s A..1977 52,000 Hall Printing 6s A stpd..1947 ♦Hamburg Elec Co 7s .1935 14,000 ♦Hamburg E 8c Und Ry5%«'38 45,000 Heller (W E) Ac Co 4s w w.1946 17,000 Houst Gulf Gas6Hs w w.1943 6s 1943 24,000 53,000 Houston Lt & Pr 3He ...1966 14"O66 16,000 15,000 8,000 49,000 5s series A 1948 105% 76% Sale W* 32 ..... 30 84 97% 100 102% 103% 17 25 62 62 Sale 15,000 14,000 68,000 57,000 175,000 163,000 16,000 9,000 70,000 31.000 Illinois Nor UtU 5s.. 1957 113,000 Illinois Pow Ac L 5 Ha 1957 133.000 5%a series !'B" 1954 322,000 6s aeries A 1953 585,000 5s aeries G......... .1956 57,000 Indiana Blec Corp 6t A..1947 11,000 6He series B ,.1953 172,000 Bs series C ..195) 106% 1j8 12,000 21,000 48,000 48,000 134,000 86,000 46,000 108% ...... 7,000 32,000 21,000 78,000 66,000 27,000 Indiana Gen Service 5a__ 1948 Indiana Hydro-Bloc 5s A.1958 Indiana Ac Mich El 5s 1957 1st Ac ref 5s. ....1955 Indiana Service 5S.......1950 1st lien Ac ref 5a 1963 ^Indianapolis Gas 5s A..1953 158,000 16,000 2,000 4,000 8,000 291,000 88,000 377,000 Knd*pollsP AcLSsser A..1957 44,000 (nt Pow Sec *%■ series G.1955 11,000 7s series E ......1957 8,000 7s series F 1952 82.000 International Salt 5s 1951 734,000 Interstate Power 5s 1957 248,000 Debenture 6s.... .1952 58,000 76,000 66,000 4,000 4,000 89,000 4,000 10,000 256,000 122.000 79 90 96 84 % 84 % 88 72% 80 65 107% 109 Sale 75 89% Sale 96 Sale Sale Sale 87% 83% 88% 72% Sale Sale 44 106% Sale 55 25 12 61% Sale 61% 60% 91% 83 60 58 65 59 64 107% 109 43% Sale 25% Sale 3 Sale 79 37% Feb. 23 107 82 106% Feb. 28 88 Sale Sale 21% l\Y* 84% IVA 86 83 83% 99% 99 99% 98% 103 101 104 101% Sale 104 104% 105% 103% 83 93 % Sale Sale Feb. Feb. Feb. 16 21 37% Jan. 12 107 105% Jan. 76% Jan. Feb. 16 85% Jan. 13 20 Sale 111% 106% 107% 53 56% 55 81 80 25 "30"" ♦Hungarlan-Ital Bk7%a_1963 54,000(Hygrade Food 6s^ser A 1949 17,000 6s series B...... ..1949 ...... 39"666 36% 107H 106% 83% 89% Sale 17 59% 58 60 Feb. Feb. 25 25 Feb. 2 Feb. 28 Feb. 25 57 57 Feb. Feb. 57 56 56% 62 56% 59 107% 109 41% Sale 25% Sale 23 Feb. Jan. 99% Feb. 104 Feb. 105 Feb. Feb. Feb. Feb. Feb. Jan. 88 25 19 2 28 25 86% 86% 89% 75% 9 63 15 Jan. Feb. 5 110 3 15 107% 74 88% 93% 1 84% Jan. Jan. 61% Feb. 1 8 60 Feb. 4 Feb. 3 2 11 107% Sale 74% Sale §§** 95 Feb. Feb. 9 107% Feb. 25 110 74 Feb. 18 76% 90 88% Feb. 25 91% Sale 7 96% 93% Feb. Sale 85% Feb. 17 88 89 2 83% Feb. 87% 3 91% 88% Feb. 91% Sale 77 3 71% Feb. Feb. Feb. Feb. Feb. Feb. 23 Feb. 21 Feb. 24 108% 109% 78 81 78 82 78 Feb. 7 78 Feb. 7 111% 110% 111 110% Feb. 17 111% Feb. 3 107% 107% 106% 106% 106% Feb. 24 107% Feb. 2 Sale 53 52 Sale 51 Feb. 4 53% Feb. 26 52 Sale 50 Feb. 3 52% Sale 53% Feo. 26 53 57 60 63 52 Feb. 15 63 Feb. 24 105% Sale 21% 83% 98% 101% 103% 25 58% 8 23 Feb. 3 86 Feb. 3 Feb. 99% 3 104 Feb. Feb. 17 105 105% Sale 54 60 56% 64 56 64 Feb. Feb. 17 39% Feb. 4 Sale 23 Feb. 7 70 65 Feb. 61 Feb. 8 93 Feb. 9 107% 109 43% Sale 25 1 104% Feb. 21 105% Feb. 3 57 Feb. 23 5.5% Feb. 57 56 57 23 57 1 108 107% Feb. Feb. 17 Feb. 17 Feb. 24 44% Feb. 25 1 25% Feb. 57 57 83 8 Feb. 18 85% Jan. Jan. 28 94% Jan. 100 Feb. Jan. 12 12 Jan. 12 91% Feb. 21 78 Jan. 108% Jan. 81 Feb. 12 15 Jan. Feb. Jan. 8 111% Jan. 107% Jan. 110% Feb. 106% Feb. 50 11 Id 89 108% Jan. 51 7 91% Jan. 88% Feb. 71% Feb. 78 Jan. 62% Jan. 20 14 10 58 58 Jan. Jan. 64% Jan. 49% Jan. 7 14 104% Feb. 21 106% Jan. 4 Feb. 23 52% Jan. 17 57 57 Jan. 19 60% Jan. 17 56 Feb. 23 57 J&n. 17 107 Jan. 18 108% Jan. 7 Jan. 17 39% Feb. 4 48 23 Feb. 7 28% Jan. 19 Interstate Public Service 74,000 60,000 225,000 170,000 129,000 57,000 25,000 131,000 34,000 13,000 504,000 5a series D 1956 4%a series F 1958 96 97 Iowa-Nebraska L & P 5s.. 1957 95 5a Series B 1961 96% Iowa Pow Ac Lt 4%« A...1958 106% Sale Iowa Pub Serv 5s 1957 102% 103 58 Iaarco Hydro-El 7s 62 1952 72 78 Isotta Fraschlni 7s ..1942 43 Sale Italian Superpower 6s...1963 90.000 •facksonvilleGas 5s stmpdl942 162,000 JerseyGentPAcL5sB.._1947 596,000 4Hs series C 1961 15,000 28.000 5.000 63,000 103,000 76,000 34,000 41,000 32"oo6 48,000 47,000 9,000 2,000 69% Sale 66% 63% Kansas El Pow 3%a Kansas Gas Ac Elec 6s Kansas Power 5s A Kentucky Utilities 5s 5s *%• series D 5He series F 1966 36% 37% 104% 105% 103 98 103% 99 2922 114% Sale 1947 100 Sale Sale II*Sale Sale 94 n* %m 66% Sale QQ Sale 95% 106% 107% 106% Sale 100 101% Sale 65 60 80 78% 41% Sale 33 Sale 104% 105 102% Sale 59 82 66 60 Feb. 11 60 89 78% Feb. 40% Feb. 7 Sale 85 46 34% Sale 104% Sale 102% Sale 98% 98% 98% 114% 117 114% 116% Sale 99% 100% 100 Sale 73 73 73% 75% Sale 1961 75 77 74 1948 95 97 1955 87 90 70% ,67% 95% 94% Feb. 25 94% 106% Feb. 24 106% 99% Feb. 14 101% 44 97 1969 5 73 92 Sale Sale 90% 82 Sale 80 95% Sale 94 Sale 8 Feb. Feb. Feb. Feb. Feb. Feb. 23 65 Feb. 23 61 93 Feb. Feb. 24 25 26 28 Feb. 11 Feb. 23 Feb. 21 32 Feb. > 7 35% Feb. 26 2 Feb. 103% Feb. 10 105 2 Feb. 100% Feb. 11 103 98% Feo. 10 99 Feb. 99% Feb. 21 101 72% Feb. 17 74 Feb. 11 Feb. Feb. Feb. 3 1 96% Feb. 16 73 Feb. 9 92 91% Feb. 10 85 82 97 Sale 95% Feb. 90% Feb. 26 95 93% Feb. Feb. 1 75 94 82 15 Feb. 25 5 94% 106% 98% 58% Jan. Jan. Jan. Jan. 5 8 73 69% 98% 96% 5 106% 26 102% 9 27 Jan. 13 Jan. 19 Jan. 7 Jan. 7 Feb. 26 Jan. 11 5 63 Jan. 78 Jan. 4 85 39 Jan. 21 46 Feb. 23 Feb. 2\ 19 32 Feb. 36% Jan. Jan. 103% Feb. 10 106 100% Feb. 11 105% Jan. 11 18 15 Jan. 97% Jan. 26 99 5 3 114% Jan. 17 114% Jan. 99% Feb. 21 101% Jan. 25 Jan. 17 71% Jan. 29 79 73 Jan. 29 80% Jan. 13 Jan. 12 91% Feb. 10 97 82 Jan. 93 Jan. 31 90 Jan. 4 Lake 17,000 336,000 Superior Dist Power— i%« series A ..1966 67",600 85,000 61,000 243,000 93 Sale 2626 102 Sale 29.000 490,000 Lehigh Pow Secur 6s 116",656 ♦Leonard Tlets Inc 7%a_1946 Lexington UtU 5s 1952 23% 95 173,000 Llbby McNeill 8c Ubby 5s 1942 124,000 Long Island Ltg 6s 1945 102% Sale 104 7s 71,000 91,000 65,000 13,000 62,000 32,000 21,000 31,000 94 Ex-warrants 96% Sale 23 26,000 Marion Reserve Pow 4H* 1952 13,000 McCord Rad Ac Mfg 6s 1943 63,000 Memphis P Ac L Ssaer A..1948 09,000 Men gel Go 4%« ....1947 58.000 Met Edison 4s series E 1971 78 81 75 1965 73.000 13,000 Middle Sts Petrol 6 Ha A. 1945 55,000 Midland Valley RR 5s 1943 159,000 Milwaukee G L 4%a 168.000 106.000 65,000 151,000 100,000 37,000 44,000 151,000 16,000 52,000 81,000 52,000 8,000 41,000 2,000 111,000 35.000 103,000 230,000 94,000 33,000 73,000 23,000 1967 1978 Minn Pow Ac Lt 4Hs 1st At ref 5s Mississippi Pow 5s 95% 104 81 86 70 86 75 88 81 Sale 81 88 91 64 90% Sale 98% Sale 99 76 76 89 91 104% 105% 103% 104 Sale 105% Sale 105 80% 96 80% 90 63 Sale 58% Sale 93% Sale Sale 88 84 Sale 93% 3% Sale 92 83 95 Sale 73% 75 44% Sale 118 112 90 93 38.000 New Amsterdam Gas 5s..1948 264,000 New Eng G At Elec Assn 5sl947 5s 1948 112,000 Conv deb 5s..........1950 532,000 116% 118% 272.000 New Engl Pow Assn 5s...1948 78% Sale Deb 5H> 1954 256,000 47,000 New Eng Pow Go 3%a A.1961 81 &71% Sale 56 57 56% Sale 57 Sale Sale 90% Sale 67% 70 1950 6,000 ♦N Y Pa Ac O RR 4H« «tpdl95S 485,000 N Y P At L Corp 1st 4HS..1967 1980 242,000 N Y State B Ac G 4Ha 104" " Sale Sale 22,000 N Y Ac Westchester Ltg 5s *54 4s 2004 40,000 39.000 Nippon Elec Pow 6Hs 1953 118,000 Nor Amer L At P SHs A...1956 2 104 104% 65 77 91 Jan. 93 4 Sale 91 94 78 80 Sale 70 44% 116 45% 119 96% Feb. 16 Jan. 7 14 97% Jan. 13 6 104 Feb. 28 12 100 Feb. 26 16 104% Jan. 22 Jan. , Sale 78% Sale 80 102 Sale Sale 90 65 97 84 Sale Sale 99 Sale 106% Sale 93% Sale 112% 04% Sale 98% Feb. 97 82 7 80 77 Feb. 85% Feb. 103% Feb. 104% Feb. 85 Feb. 56% Feb. 91% Feb. 8 Feb. 2 Feb. 26 2 90% Feb. 24 25 105 Feb. 9 23 106 Feb. 10 7 88 Feb. 3 4 63 5 94% Feb. 25 Feb. 23 85 Feb. Feb. Feb. Feb. 28 84% Feb. 7 109 63 65% Sale 92 Feb. 3 109% Feb. 11 65% Feb. 24 Feb. 10 5% Feb. 2 78% 3% 4% 92 Sale 74% 76 Sale 69 44% Sale 114% 119 108% 109% 108% Sale 85 87 81 87% 71% Sale 74% 75% 115% 116 48% Sale 46% Sale 8 10 110 Sale 47 Jan. 67% Feb. 19 80 97 62 74 98% 109% 64% Sale 114 5s stamped...........1942 ♦6s series A........... 1949 Feb. 98% Feb. 85 78 109 109 101% Feb. 1951 2022 For footnotes see page 53. 28 1957 2030 4 9 100 96% Feb. Feb. 26 101% Feb. 16 103% Feb. 1 67 t+Nat Pub Serv 5s C O D.1979 Feb. Feb. 103 Sale 2026 96 _ 90% Feb. 16 103 Sale 66% Ltg 5s. 1945 2 100 102% Sale Sale ♦6He ctfs of dep w W..1937 15.000 N Y Cent Elec 5He 104 98 14 Feb. 93% Feb. 102% Jan. 90 Sale 4Hs 1981 Nelsner Bros Realty 6S..1948 1956 231,000 Nevada Calif Elec 5s 74,000 96,000 93% 101 75 New Orleans Pub Serv— 30,000 43,000 9,000 1,000 196,000 83,000 15,000 22,000 28,000 64,000 96% 23% 79% Jan. 11 22 84 75 60 Montana Dakota UtU 5 He *44 Munson Steamship Line Nebraska Power 6a Sale 97 103% Sale 83 ...1955 Nat Pow Ac Lt 6s*'A" Deb 5s series B 95% Sale 103% Sale "97% ^Missouri Pub Serv 5s A 1960 Nassau At Suffolk 29 99 1955 Miss Power Ac Light 5s Miss River Power 5s... 23 22 4s series G , 94% 100% 75 1941 111,000 18,000 49,000 33,000 191,000 82,000 111,000 39,000 Sale 357,000 Louisiana Pow Ac Lt 5s... 1957 7,000 ♦Manitoba Power 5 Ho 1951 ♦Mansfield Mining Ac Smelt— 7,000 4,000 20,000 22,000 12,000 50,000 8,000 30,000 29 56 Sale 6% 7 89 Sale 9% 102% 0 85% 7 3 Sale Sale 90 Feb. 2 100 Feb. 4 66% Feb. Feb. Feb. 24 60 65 78 79% 10 88% Jan. 85 97 62 74 109 63 90 94 Feb. 5 18 19 2 78 Feb. 2 70 Feb. 1 2 44 71 Feb. 1 46% Feb. 77% Feb. 79% Feb. 8 7 Feb. 86% Feb. 9 Feb. Feb. Feb. 10 17 64 98 84 105% Feb. 91 1 5 Feb. 16 4 55 77 Feb. Feb. 18 Feb. 2 Feb. 26 2 116% Feb. 1 1 102 2 Feb. 24 57% Feb. 25 57% Feb. 25 58% Feb. 25 83 Feb. 25 85% Feb. 28 103% Feb. 26 90 69 100 84 107 94 Feb. 1 Feb. 26 Feb. 18 Feb. 1 Feb. 16 Feb. 8 112% Feb. 3% Jan. 91 63 10 18 114% Jan. 108% Jan. 84% Feb. 70 116 109% 93% 75% Jan. 115% Jan. 27118 48 Jan. 31 57% 46 Jan. 31 57% 46% Jan. 29 58% 77% Feb. 79% Feb. Feb. 102 86% Feb. 64 98 82 Feb. Feb. Jan. 105% Feb. 91 Feb. _. 75 Jan. Jan. Jan. Jan. 27 2 1 1 . 2 Jab. Jan. 2 Feb. 3 5% Feb. 86% 76% 44% 4 Feb. 3 Feb. 23 95% Jan. Jan. 95 Jan. 17 17 14 24 88 Jan. 4 5 105 Feb. 8 61 Feo. 3 79% Feb. Jan. Jan. 106 72% Feb. 64% Feb. 44% Feb. Feb. 25 - 1 4 116 24 109% 3 85 7 75% 17 Jan. Feb. 11 92% Feb. 2 100 Feb. 75 Feb. 24 87 Jan. 14 110 Feb. 11 68 Jan. 4 94 24 04% Feb. 53 1 103% Feb. 104% Feb. 75% Jan. 53% Jan. 20 Jan. Jan. 106 Jan. Feb. Feb. Feb. Feb. Feb. Feb. 84% Feb. 112% Feb. 77% 94 3 16 81 Feb. 4 91% 72% 64% 44% 14% 108% 116 Feb. 116% 118 56 56% 48% Feo. 56 57 46% Feb. 82% Sale 85% Sale 103% 104 11 98% Jan. 83 81 93 Feb. 67% Feb. 2 Jan. 4 Jan. 13 Jan. 17 Jan. 3 Feb. 2 Jan. 6 Jan. 12 Feb. 26 Jan. 8 85 Feb. Feb. Feb. Jan. 7 87 Jan. 1103% Feb. 91 Jan. 71% Jan. 100 Feb. 84 Feb. 108% Jan. 97% Jan. 112% Jan. 105 Feb. 61 Feb. 80% Jan, CUES EXCHANGE new YORK 52 NEW In Jan. 3 Jan. 1 9 21,000 25,000 57,000 25,000 15,000 308,000 37,000 16,000 22,000 44,000 61,000 153,000 81,000 17,000 14,000 33,000 1938 S BONDS (Continued)— 55,000 Nor Cont Utll 5 %« A 1948 55,000 Nor Indiana GAB 4a.... 1952 211,000 Nor Ind Pub Sar» 1°4<> 5a series D 1969 82,000 167,000 4H» E «°70 360,000 Nor States Power 3%s—1^67 81,000 Northwest Elec 6s ttpd. P»45 »957 37,000 Nor'west Pub Sen 5" A .... .... 149,000 32,000 ... Conv deb 5s........— Okla Pow & Water 5s A. 43,000 Pacific Coast Power 5a... 1940 1941 67,000 Pacific Gas 5t B1 6a B 19.000 Park Lexington Bldg 3s..l964 148,000 Penn Cent Lt & Pow 4>* s 1977 5s .1979 38,606 Penn Electric 4s series P 1971 Penn-Ohlo Edison 6s I95«' Without warrants 20,000 100,000 5%« series B 1959 1947 58,000 Penn Pub Serr 6s C.. 5s series D__ 195* 14,000 14,000 Penn Water A Pow 4 %s. 1968 5fl I94« 55,000 38,000 9,000 18,000 6,000 20,000 54,000 11,000 12,000 9,000 7,000 97 88 35% Sale 107 106 Sale Sale 99 9234 97% 96 92 90 8534 89 10534 10534 Sale L 104% 10634 Sale Sale 73 103 10434 116% 116 Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Feb. 28 35% 108 Sale 94 ii* 88 Ask 37 Sale 95% 96% 90 Sale Feb. 17 36% Feb. 2 108 Feb. 23 97% 94 Feb. 11 95 90 88% Feb. 14 35 106 93 97% Feb. Sale 100% Feb. 103% 103% 103% 102 98% 103 % l05% 1 Ask Bid Bid 103 Sale 90 90 Feb. 104 96 90 Feb. 102% Sale 1003 115% 11634 1153 .... 1942 1955 1938 . 101,000 Peoples Gas Lt & Coke 4* fl it 4s series D__ 1961 57,000 159,000 t4Peoples Lt at Pow 5s..l979 176,000 Pblla Elec Power 5Hi---1972 18,000 Phlla Rapid Transit 6s 1962 Piedmont Hydro-Electric Co 6 series A 1960 73,000 14,000 Plttaburgh Coal 6s 1949 194* 44,000 Pittsburgh Steel 6s 1953 11,000 ♦Pomeranla Elec Co 6a. 49,000 Portland Gas & Coke S» 1940 94,000 Potomac Edison 0s ser E 1956 12,000 4Hs series F I96t 27,000 Potrero Sugar 7a stamped 1947 14,000 Power Corp of Can 4 Hs B 1959 1954 12,000 'Prussian Elec 6a .... ... . 86% 8934 112% 115 61%. 64 100% 101% 28 83% 28% Sale 90 86% 115 113 61% Sale 99% 101 31 85% 83% Sale 95 85 90 83% 85% 86 Sale 83 94 99 ^ 8% 111 73% Sale Sale Sale 76% 83 86 85 89% 80 89% 79% 83 106 106 105% 107% 105 100% 100% Sale 100% 101 108 107% 107% Sale 107% 108% 107% Sale 84 87% 88 86% Sale 91 Sale 88 88% Sale 8 7 9% Sale 7% z'i Feb. 107 25 4 Feb. Feb. 25 5Q 99* 100% 30 2 3 17 11 <100 Jan. 19 18 11 96 Feb. 28 Feb. 25 Feb. Jan. 6 26 100 Feb. Feb. Feb. 3 3 58% 55 108 100 25 19% 50 52% 15 92% Feb. 28 73 :i 7 5 80 101 3 Jan. 115% Jan. 84 Jan. 11 Feb. 21 103% Jan. Feb. 113% Feb. 60 Jan. 99 Feb. 24 116% Feb. 4 88 Jan. 14 18 113% Feb. 14 27 67 Jan. 10 4 101 Jan. 14 34% Jan. 19 Jan. 19 Feb. Feb. 7 31% Jan. 7 83 Jan. 3 85"" Feb. 7 83 Jan. 27 92 Feb 1 86 Feb. 25 96 2 80 Feb. 18 91% Jan. 8 24 107% Feo. 28 103% Jan. 17 8 mo 108 3 108 10 19 25 32 86 88% Feb. Feb. 24 107% Feb. 1 100% Feb. Feb. Feb. Feb. Feb. 7. 86% Feb. 3 Feb. Feb. 14 28 Feb. Feb. 15 18 97 110 21 Jan. 103% Jan. 19 105% Jan. Jan. 104% Feb. 24 107 103% Feb. 14 106% Jan. Feb. Feb. Feb. 4 56 Feb. 57% Sale 106% 107% 107% Feb. 25 4 97 96% Feb. 4 "21" Sale 19% Feb. 3 Sale 52% Feb. 18* 110 15 106% Feb. 106% 107% 107 1 107% Feb. 107% Sale 107% Sale 8 64 64 60 59% Feb. 67% 102 101 100% Feb. 19 100% l& 8 21 Feb. 30 21% Sale 20% 60 106 60 Jan. Jan. 8 104% Jan. Feb. 91 102 4 Feb. 5 108 23 100 93% Jan. 14 88% Feb. 14 91% Jan. 311100% Feb. 28 86% Jan. Feb. 4 105% Feb. 1 100 ' Feb! 14 Feb. 8 — Jan. 107% Feb. 107% Jan. Feb. 25 91% Feb. 24 10% Feb. 26 84 Feb. 14 Feb. 11 Ill 88 1 113 Sale 112% Feb. Sale 113 75% 76% 75% Feb. 24 79 79% 112% 75% 57 110 94 11 105 24 107 31% Feb. 18 83% Feb. 23 88% 96% 100 25 20% 50 3 4 7 86% 113% Feb. 18 113% 2 65% 60% Feb. 4 100% 99 Feb. 84 Sale 92 105 107 1 Feb. Feb. Feb. Feb. 25 95 91 106% 10234 108% 107% 33 33 85% 95 9234 107 104> 108J 109 95 113% 115 65% Sale 10034 Sale 32 90 89 Feb. Feb. 25 102% Feb. 102% 101 117 115% Feb. 23 116% Feb. 89% 40 93 Feb. 4 17 28 35 23 91 7 105 10434 105% 104% Feb. 106% Sale 104% 105 103% Feb. 14 106 104% 105% 104% Sale 3 100 97 Sale 9934 Sale 96% Feb. 7 92 Sale 92% 86% Feb. 88% Sale 5 76 Feb. 79 78 80 77% 79 104 Feb. Feb. 105% Jan. Feb. 14 1 100% Feb. 28 8 103% Feb. 4 l*»4i 6,000 38,000 80,000 16,000 41% 89 70 Without warrants 28,000 2,000 Pacific Ltg at Pow 5s... 240,000 Pacific Power & Light 5s 12,000 Palmer Corp of L» 6a 4,000 22,000 38,000 6,000 7,000 20,000 39,000 39,000 83,000 37 107 % 1°46 19,000 2,000 92,000 10,000 18",006 Ask 103 1948 Pacific Investing 5s A.. Feb. Bid 1*45 I'W '*>5 1951 85,000 Olden Gas Co 5s 73,000 Ohio Power 5a aeries B.. 106,000 4Hs series D. 276,000 Okla Nat Gas 4%i A 1 Pricr YORK CURB EXCHANGE Since February RANGE SINCE JAN. PRICES IN FEBRUARY sales aookeoate 88 7 88 "87" Jan"i§ Jan. Jan. 8 109 11 108% Jan. Feb. 10 3 Feb. Jan. 31 10 4 10 21 Jan. 18 91% Feb. 10% Jan. 24 91 3 113 12 Feb. 4 79 Feb. 11 Feb. 26 Jan. 61 7 108 4 100 25 21 .Tan. 75% Feb. 24 27 61 Feb. 26 56 Jan. 108 Feb. 2 106 Jan. 98 Feb. 15 96% Feb. 21 Feb. 28 19 58% Feb. 15 4 107% Feb. 24 2 107% Feb. 48 Jan. 27 58% Feb. 15 106 Jan. 15 107% Jan. 1 107% Jan. 24 57 65 Jan. 18 7 101 Feb. 21 21% Jan. 14 64 Feb. 24 101 Feb. 21 21% Feb. 28 107% Feb. Jan. 5 100% Jan. 20% Jan. 31 Feb. 2 Jan. 11 Feb. 28 8 Pub Service Co of N J— 6% perpetual certificates 190,000 263,000 9,000 26,000 38,000 26,000 119,000 42,000 90,000 147,000 38,000 64,000 13,000 Pub Serr of Nor Ills 0a C. 5a 46,000 4Hs series D 82,000 4Hs series E 32,000 4Ha series F— 214,000 4H« series I 75,000 159,000 Pub Serr of Okla 4s. 506,000 Puget Sound P & L 5%* 58 series C 77,000 4 H> aeries D 152,000 3,000 15,000 3,000 1966 1956 1978 I<,v-' 19*1 I960 1966 1949 84 1953 195>> 16,000 5,000 ♦Ruhr Housing 6H* A.. 62 60% 195 ♦Ruhr Gas Co 6Ha 26% 21% 113,000 {♦St Louts Gas A Coke w.'t 38,000 Safe Harbor Water Pr 4 H s T 1958 139,000 San Ant Pub Serr 5s B 1952 2,000 San Joaquin L&PbtB Sauda Falls Co 5s 1955 2,000 8,000 52,000 24,000 2,000 71,000 27,000 37,000 2,000 19,000 100,000 57,000 5,000 140,000 60,000 71,000 90,000 46,000 20,000 30,000 12,000 19,000 58,000 120,000 25,000 35,000 126,000 100,000 12,000 287,000 150,000 12,000 11,000 19,000 17,000 31,000 52,000 "MOO 174,000 178,000 40,000 11,000 10 133% 135% 132% Feb. 105% Sale 112% Sale 103% 103% 103% 105 103% 104% 104% 105 Sale 104 103% Sale 105% 104% 106% 105 100% 101% 98% 106% 110 Sale 111 64 Sale 67 67 60 63 63 Sale 56 57 59% 85% Sale 26% 12 108 109% 102% 103% 1285 110 Sale 133 112 95 92 Sale 26% 25% 20 11 10 Sale 1 134% Feb. 26 130 Jan. 3 134% Feb. 26 105 10 105 Feb. 106 Jan. 110% 103% 103% 102% 104% 15 110% Feb. 103% Jan. 103% Feb. 102% Feb. 104% Feb. 113 Feb. Feb. 25 105% Feb. 7 113 Feb. Feb. Feb. 11 103% Feb. Feb. 14 104% Feb. Feb. Feb. 21 104 3 106% Feb. Feb. 2 101% Feb. 99 Feb. 4 67% Feb. 62% Feb. 14 2 1 5 26 99 104% Jan. 1937 6s... ♦Schulte Real Estate 6s.. 1951 Scrlpps (B W) Co 5Hs. Scullin Steel Co 3s 1943 ServellncSs—...... 1948 .1970 D 41,000 Sheridan Wyo Coal 6s... 36,000 Sou Carolina Power 5s.. 481,000 Southeast PAL 6s 354,000 Sou Calif Ed 3%a. .May 1 3% a series B July 1 76,000 Debentures 3%a. 238,000 1st A ret mtge 4s. 98,000 Southern 108,000 107,000 30,000 96,000 25,000 28 Sale 101 1951 .. Sbawlnlgan W AP 4%a.-l4>67 4%a series B 1968 4 Hs series 126 '22% 100 28 23% Sale 46 42% 107%::::: 107 104 Sale 103% 103% Sale Sale 103% 104 103% Sale 103% 104 62 Sale 61% Jan. 8 63 Feb. Feb. 24 60 Jan. 18 25 53 Feb. Jan. 65% 61 63 Jan. 17 80 Sale 80 Feb. 28 85 Feb. 25 80 Feb. 28 93% Jan. 14 28 Sale 25% Feb. 23 Feb. 1 28 5 24 Feb. Feb. 24 12 26% Sale 24 60 4 10 Feb. 12% 2 110% Feb. 103% Feb. 16 104 128% Feb. 23 128% 112 Feb. 28 112 109 28 17 24 Feb. Feb. 23 Feb. 9 Feb. 8 Feb. 28 28 25% Feb. 21 % Jan. 24 Feb. 4 12% 108% Jan. 4 110% 102% Jan. 10 104 128% Feb. 23 128% 112 Feb. 28 112 10 1960 1960 1945 Sale Sale 25 28 26 Sale 46% Sale 106% 104% Sale 104% Sale 104% Sale 104% 2025 11* 25 22% Feb. Feb. 102 101 43% 106% 103% 103% 103% 55 71% 83% 104% 104% 106 108 Feb. 25 1 Feb. 46% Feb. 28 1 Feb. 104% Feb. 25 28 104% Feb. 104% Feb. 28 Feb. Feb. Feb. Feb. Feb. 107 11 60 Feb. Feb. 26 75% Feb. 7 Feb. 86% Feb. 2 106% Feb. Feb. 2 106% Feb. Feb. Feb. 14 106% Feb. 3 109% Feb. Feb. 21 Feb. Feb. 2 26 25 26 Jan. 21 '25 Feb. 28 Feb. 17 Feb. 24 Feb. 23 Feb. 9 Feb. 8 Feb. 28 Jan. 21 Feb. 25 21% Jan. 10 25 Jan. 28 8 102 100% Jan. Jan. 20 50 43 Jan. 28 9 107% Jan. 15 106% Feb. 103% Jan. 29 104% Feb. 25 103% Jan. 31 104% Feb. 28 3 104% Feb. 28 103% Jan. Feb. 11 71% Feb. 26 55 82 Jan. 104% Jan. 104% Jan. Jan. 15 106 21 107% Jan. 26 104 63% 77% 95% 29 106% Jan. Jan. Jan. Feb. 31 106% Feo. 13 106% Feb. 28 109% Feb. 28 12 20 15 25 26 15 21 Counties Gas 1968 105 Southern Indiana Ry 4s. 1951 56 57 51 S'western Assoc Tel 5s A. 1961 88% 92 92 m 95% 79% 95 of California 4He Southwestern L A P 5s. .1957 Southwestern PAL 6s..2022 106% Sale Sale Sale 97 72 67 47,000 S'western Pub Serr 6s A. 1945 145,000 {♦Standard Gas A Elec 6«_'3f> ♦68 Certlfs of deposit. 1935 159,000 ♦Cony 6s 1935 83,000 ♦6s Cony ctfs of deposit 1935 73,000 6s. 1951 273,000 6s 1966 196,000 193" 38,000 Standard Invest 5Hs 527,000 {Stand Power A Lt 4s... 1957 ...1950 234,000 ♦Starrett Corp 5s Stlnnes (Hugo) Indus— 7s 2d stamped ...1940 21,000 7s 2d stamped 1946 28,000 39,000 Super Power of 111 4Hs__i970 102 105 Sale 106 1968 105 Sale 106 195t> 39,000 fennEler Power 5s 103,000 Tenn Pub Sery 5s....... 1970 78 40,000 26% 102 1960 Sale 5 6 4 106% Sale 108% 109 76% 1957 17 Feb. 62% 56% 58% Sale 72% 78% 75% Sale 84% Sale 106 % Sale 104% Sale Sale 104% 104% 106 106% 106% 106% 107 Sale 110 108% 109% 1947 12 56% Feb. 64% 109% 109% 110 103% Sale 103% 104% 131 129 12834 132 Sale 112 111% 112 23% 22% 2 Jan. 104 Sale 109 102 15 106% Feo. 101% Jan. 69% Jan. Feb. 25 17 21 104% Feb. +Saxon Public Works— 4HS Teml Hydro-Electric 24,000 249,000 271,000 Sale 103% Sale 103% 105 102% Sale 104% 104% 100% Sale 66% Sale I9s« 14,000 Queens Boro G A E 0%* Sale 105% 107 111 I**' 70,000 12,000 93,000 2,000 2,000 14,000 23,000 155,000 142,000 38,000 108,000 36,000 130 Co 6H» series A 64,000 447,000 Texas Elec Service 5s 637,000 Texas Power A Lt 5s 6s 7,000 30,000 Tide Water Power 5s A 50% 50% 105% o9 Sale P 96 66% Feb. Sale 52 Sale 69% 42 44% 39 42 79% 19 105% 50 Jan. 27 1 85 Feb. 95 5 95% Jan. 66% Feb. 9 5 98% Jan. 21 10 79 Jan. 17 Feb. 1 105% Jan. 14 70% Feb. 25 1 100 Feb. 1 54% Feb. 1 52% Sale 52 Sale Feb. 43% Feb. 43% Feb. 44% Feb. Sale 53% Sale 44 Feb. 4 54 Sale 43% 44% 45 Sale Jan. 25 Sale 52 Sale 43% Feb. 7 51% Sale 42 Feb. 8 54% Feb. 28 54% Feb. 26 1 68% Feb. 53 Feb. 26 17 30% Feb. 45 46% Sale 10 98 100 45 9 71 Sale 105% Feb. 52 Feb. 92 Feb. 3 98 Feb. Feb. Feb. Feb. 69 Sale Sale 85 97% 100 Sale 48% 22% 89 44 50% 51% 105% 106% 104 51 50 52% r Sale 68% Sale 44 Sale 22% 25% 45 64 67 50 Sale 27 29 47 40 44% 47 43 44% 47 106% 105% 106 Sale 105% Sale 67% 56% Sale 58% 94% 70 Sale 60 75% Sale Sale Sale 60% 87% Sale 89 Sale 98 Sale 92 60 Sale 58 98 103 Sale 1956 2022 94 97 94 98 1976 80 84% 83 Sale 108% 108 100 Jan. 17 55 Jan. 12 1 54% Feb. 26 44 Jan. 27 55 Jan. 12 Feb. 26 44 Jan. Feb. 5 23% Feb. 8 44% 44% 105% 104% 54 15 4 26 28 55 Jan. 12 43% Feb. 7 56 Jan. 12 Feo. 8 56 Jan. 12 42 62% Feb. 23 41 Jan. 21% Jan. 29 7 88 Jan. 6 Jan. 12 30% Feb. 17 43 Jan. 39 Jan. 105 Jan. 104% Feb. 25 65% Feb. 15 80% Feb. 25 57% Feb. 4 80% Feb. 25 57 7 60% Feb. 28 11 6 99% Jan. 26 86% Jan. 17 70 Feb. Feb. 45 15 5 45% 3 106% 15 106% 78 Jan. 6 8 Feb. 23 7 Feb. 9 Feb. 4 45 Feb. 4 45% Feb. Feb. 17 106% Feb. 15 106% 65% Feb. 57% Feb. 12 55 25 43% Feb. 43% Feb. 1 Feb. 17 62% Feb. 23 41 100 Feb. 26 56% Jan. 13 Jan. 17 Feb. 23 Feb. 7 Jan. 10 Jan. 5 — 1953 I960 Sale Sale 103 84% 96% 86 57 Feb. 15 60% Feb. 28 1 5 94% Feb. 85% Feb. 2 96% Feb. 25 103% Feb. Jan. 4 82% Jan. 6 94 83 Feb. 106 1 Feb. 84% Feb. 16 Jan. 5 100% Jan. 85% Feb. 96% Feb. 25 104% Jan. Toledo Edison Co— 1st mtge gold 5a... 1962 235,000 348,000 Twin City Rap Tr 5 Hs A. 1952 77,000 22,000 Ulen A Company— 6a 4th stamped 1950 United Elec of N J 4a 1949 107 J62 36% 113% Sale 108% 106% 107 55% Sale 59% Sale 43 ----- 114% 46 42 46 54% Feb. Feb. 54% Feb. 2 40 Jan. 1 114 Jan. 60% Feb. 23 57 Jan. Feb. 18 24 Feb. 27% Feb. 1 23 Jan. Jan. 64 24 28 58 1 Feb. Feb. 57 Jan. 8 96% Feb. 23 94% Feb. 42% Feb. 18 45% Feb. 114% Feb. 28 114% Feb. Sale 114% 58 Sale 62 33 Feb. 11 35 Sale Sale Sale Sale 56% 26% 57 23% 27% 61% 58% 95% 24 Feb. 18 24 26 35 23% Feb. 14 66 70 60 Feb. 2 66 64 Sale 97 100 58% Feb. 94% Feb. Sale 106 108% Feb. 59% Feb. 63% Jan. 14 5 47 Jan. 6 8 114% Jan. 29 9 108% Jan. 15 22 United Elec Service 7s... 1956 39,000 1,000 7,000 46,000 79,000 42,000 Without warrants.. 75,000 7,000 ♦United Indus 4%a..— -1941 ♦1st 6s 1945 12,000 1974 158,000 United Lt A Pow 6HiDeb 6s... 1975 283,000 5H« 1959 71,000 For footnotes see page 53. 56 60 68% 35 25 73% Sale 99 Sale 24% 24% 71 24 18 27 28 28 60% Feb. 23 24% Jan. 27% Feb. 75 8 1 Jan. 12 72% Jan. 8 100% Jan. 12 12 AGGREGATE PRICES IN FEBRUARY SALES new york curb exchange In Since February 176,000 United Lt a Rya 5%s 1952 *• serial a 1952 129,000 Deb 6s series a 1973 60,000 23,000 Utah Power & Light 4h*1944 6s aerlea a ..2022 42,000 67,000 24,000 47,000 131,000 8,000 Yadkin 67 100 58 Sale Sale 60% 81 82 % 78 80 70 Sale 73% Sale 105 % 66 Sale 87 Sale 83% Sale 7884 Sale 78 81 Sale Sale 84 Lowest 70% Sale 104 Highest Lowest Highest Sale Prices Ask Sale Prices Sale Prices Sale Prices 64% Feb. 8 70% Feb. 28 23 64% Feb. 18 1 53% Jan. Sale 96 Feb. 63 56 Feb. 8 78 81 75 80 Sale 64 Feb. Feb. 8 67 8 70 89% Sale 83% Sale 83% 86 83 Feb. 11 77% Feb. 80 Feb. 15 Feb. 8 104% Feb. 60 Feb. Feb. Feb. 96 Feb. 75 78% Jan. 8 5 12 8 106% Jan. 70 Jan. 13 14 28 82 1 64 Feb. Feb. 8 8 Jan. Jan. 83 Feb. 11 3 89% Feb. 26 84% Feb. 25 75 Jan. 5 90% Jan. 12 84% Feb. 25 7 84 Feb. 26 80 Feb. 7 85 3 19 78 13 Jan. 11 Corp— ♦5s Income deb ...1954 182,000 134,000 Wash Gas Light Co 5a... 1958 1951 25,000 Wash ry a Blec 4s 254,000 Wash Water Power 5s...1960 Western Newspaper UnionCons deb 6a .......1944 67,000 37,000 West Penn Blec 5s.......2030 29,000 West Penn Traction 5a..1960 1957 431,000 West Texas Utll 5s a 118,000 West United gab 5%• a 55 1941 2,000 Wheeling Elec Co 5s 102,000 Wis Minn Lt a Pow 5a... 1944 165,000 Wisconsin p a l 4a a....1966 204.000 Bid 76% Sale Sale 69 % 160,000 Virginia Pub Ser 5%s A..1946 6s 1946 52,000 5a aerlea b .......1950 63,000 24,000 18,000 16,000 211,000 56,000 1,000 21,000 65,000 Ask Bid Ask Bid 105,000 53,000 30,000 9,000 13,000 Feb. 28 Feb. 1 1938 Astoria 1 Jan. 3 bonds (Concluded)— Waldorf RANGE SINCE JAN. Price Jan. 1 106,000 75,000 11,000 152,000 53 NEW YOKE CURB EXCHANGE March, 1938] 16 Sale 18% Sale 105 105% 105% 104 107% 107% 105 Sale 101% Sale 15 105 106% Sale 105% 106 37 100 Sale Sale 14% Jan. 2 103 % Feb. 5 106% Jan. 101 Feb. 18 105 1 101 Feb. 39 Sale 35 FeD. 39% Feb. 21 35 97 97 Feb. 16 101 98% 3 103% 103% 100% Feb. Sale 81 Feb. 7 86% 106 7 105% 104% Feb. 107% Feb. 14 107% Sale" 105% Feb. 7 106 Sale 3 95 92% Feb. Feb. Feb. 39 101 100% 102 83% Sale 102 85% Sale 104% 107% 107% 105% 106% 105% 93% 91% 93 105 103% Feb. Sale 104% 105% 100 70 72% 67% 70 75 73 26 23 105% Feb. 8 107% Feb. 99 103% 104 34 84% Sale 104 3* Sale 107% 105% Sale 91% 93 1937 Feb. 107% Feb. 37 Sale 105 Riser Power 5s.. 1941 48,000 $♦ York Rya Co 5s 13 103 96 Feb. 5 Feb. 3 Feb. Feb. Feb. 100% 80% 104% 107% 105% 91% 11 23 Jan. Jan. Jan. Jan. Jan. 106 Jan. 3 96% Jan. 14 14 105% Jan. 73 Jan. 26 2 72% Feb. 10 7 17 17 39% Jan. 102 103% 89% 105% 107% Feb. Jan. Jan. Feb. Jan. Jan. 96 4 14 104% Feb. 67% Fee. 24 97 Feb. 25 Feb. 24 Feb. 18 Feb. 14 19 Feb. 26 5 26 105% Jan. 26 5 3 107% Feb. Jan. 13 18 106 67% Feb. 18 6 8 24 Feb. foreign government and municipal Agrlcul Mtge Bk Rep of Col— 17,000 10,000 2,000 12 20 23 21 Sale 76 85 86 12 ♦30-year 7a Jan 15 1946 32,000 ♦20-year 7a Jan 15 1947 16,000 4,000 ♦Baden (Germany) 7a....1951 25 24 23 Sale 20 23 Sale 19% 30 21% 22% 70 85 73 80 86 73 86 20 21 Feb. 28 23 Jan. 28 23 Jan. 28 23 Feb. 17% Jan. 24 21% Feb. 25 23 Feb. 28 20 Jan. 24 21 21% Feb. 25 21 Jan. 3 21% Feb. 5 80 Jan. 6 80% Jan. 13 76 Feb. 14 24 Buenos Aires (Pros) 2,000 17,000 ♦7*8 stamped. .....1947 ♦7s stamped....... 1952 4,000 2,000 76,000 72 70 76 Feb. 8 8% Feb. 18 Feb. 8 76 Feb. 8 9% Feb. 25 7 Jan. Feb. 8 9% Feb. 5 76 25 ♦gmucs Valley (Dept of) Rep of 10,000 12,000 21,000 Colombia extl a 17s .1948 ♦Can* Bk of German State & Pros Banks 6s b 1951 14,000 ♦6s a 1952 16,000 26,000 1,000 Danish Cons Munlc 5s 1953 Danslg p 5,000 24,000 20,000 10,000 11,000 4,000 18,000 8,000 5%s.l955 7% 6% 25% 35 25 27% 100% 101% 100 102% 8% Sale 22 11% 25 26 101% 102 99% 104 28 25 30 22 9% 34 22% Feb. 11 26 Feb. 21 Feb. 21 26 Feb. 21 8 101% Feb. 14 26 101% 102 99% 100 100% Feb. 27 25 Jan. Jan. 7 26 Feb. 21 101% Feb. 100% Jan. 22% Feb. 100% Jan. 100% Jan. 14 13 a Wat'way bd 68 52 sxternal a f 6 ha 40,000 1902 57,000 ♦German Cons Munlc 7a.1947 ♦6s 1947 51,000 20,000 ♦Hanover (City) Ger 7a.. 1939 15,000 ♦Hanoser (Pros) 6%a 1949 37,000 ♦Lima (City). Peru, t%«.1958 1958 19,000 ♦Maranhao (State) 7s 10,000 ♦Medellln (Colombia) 7s.l951 20% 20% 50 61 20 % 20 24 Sale 21 58 60% 13 30 20 18 21% 14% 20 12% WA 22 18 19 Sale 10 22 7% 10 15 8 7% Jan. 19 22 Feb. 16 Feb. 20 Jan. 22 20% Feb. 12% Feb. 18% Feb. 19 Jan. 20% Jan. 6 13 % Jan. 6 18% Feb. 25 Feb. 7 22 15 20 26 20 21% 20% 58 58 20% Feb. Sale 21 53% Feb. 19% Jan. 19% Jan. 14 53% Feb. Feb. Feb. 21% Feb. 21% Feb. 25 Feb. 26 Feb. 7 Feb. Feb. Feb. Feb. 14 14 9 Feb. 9 Feb. 26 68 64 Feb. 7 70 Feb. 10 64 Feb. 7 72 Jan. 17 Sale 9% 20 20% 11% 17% 7% 21 Feb. 14 23 Feb. 17 21 Feb. 14 23 Feb. Sale 21 Feb. 14 23 10 23 Jan. 17 28 15 Feb. 1 22 15% Jan. 25 22% 8% 9% 10 1q 22 11% Feb. 16% Jan. 7% Jan. Mendoss (Pros) Argentina 39,000 75,000 6,000 20,000 23,000 ♦7s Issue of May i927...1947 9,000 ♦7s Issue of Oct 1927 1947 25,000 32,000 ♦Mtge Bank of Chile 6a..1931 l'e'ooo 63~66O ♦7%a-4a stamped... Mtge Bank of Bogota— 65% 1951 • a r X • 20 15 22 20 25 18% 18% 99% 11 9% 15 Sale 98% 9% 8% % % % % Sale % 5 57 11 67,000 ♦Santiago (Chile) 7s..... 1949 ♦7a 1961 16,000 11% 12% 64 13 Sale 12% Sale 12% Feb. 8% % % % % Feb. Jan. Jan. Jan. Jan. h 7 56 Feb. 7 56 13% Feb. 13% Feb. 17 56 56 Feb. 13% 13% 13% 58 15% 18% 13 Feb. 1 13% Feb. 2 4 25 20 7 21 5 26 11 6 Feb. 7 65 Jan. 17 11% Jan. 11% Jan. 2 Illinois Central Feb. Jan. Jan. Feb. Jan. Jan. Feb. 4 102% 2 10% 10% % % % % 5 13% Feb. 13% Feb. 17 2 Public 10 5 6 Service h 1981, account is taken 4%s Feb. 3 at 91 nUndertherulesales.in which no in computing range, are given below: ; d. 1927, Feb. 9 at 47% Oklahoma Natural Gas 6% conv. pref., Feb. 3 Chicago Rys. 5s c. o. at 91 r page 17) Throughout the month the be¬ While British note circulation declined sharply after the there of renewed was interest evidence toward the end of the part of hoarders in shown by the increase of £440,000 in note circulation of the Bank of England for the week ended Feb. 23. The superabundance of money in London continued to play an important part in British on bank notes, as rates at an excessively low level. In fact, money rates have been so easy for several years that the technical working conditions of the great discount houses have been extremely unprofitable. As a result, these houses, which for more than a century have been one of the main props of international trade, have been obliged to fill their portfolios to an increasing extent with gilt-edged govern¬ ment and other securities foreign to the original character of their business. annual addresses all the chairmen of the puting range, are given beiow: No sales interests by Sir Robert Kindersley tbat Great Britain would soon fined itself living on capital rather than on income, in much as of it as was not repaid by amortization. On Feb. 1 Sir John Simon, Chancellor of the Exchequer, announced in the House of (Commons the relaxation of the Treasury's ban foreign on In answer to Chancellor borrowing issues said, London the money market. among come "I do not consider other things: when consent with respect to foreign defined under the Foreign Transactions Advisory as Committee's terms of reference can be given indiscrimi¬ nately. I refer particularly to those applications on behalf of foreign governments, foreign local or public authorities, State-controlled organizations. Applications of this kind continue to be considered on their merits along the or will line laid down the regard to in the committee's general terms of reference with policy of the government. Greater lititude, however, will be allowed until further notice re¬ specting applications not falling within the class I men¬ I tioned. refer long-term basis I terms the include prise in large blocks foreign of necessity of foreign lending in order to further the British term export trade. As a result of this emphasis, and the voicing of similar opinions by important industrial leaders, the considerations particularly to on purpose great behalf of borrowers raising British from of new money on borrowers, in which of tbe Empire development enter¬ part any of acquiring assets or countries, and to transactions involving foreign-owned securities. Foreign short- lending of a non-commercial character involves other and raises special difficulties rendering it generally undesirable." government took steps early in February to relax the ban on foreign loans. It was believed that the report of former Premier van Zeeland of Belgium, which stressed the need momentum for feared toward the end of in questions put by Members of Parliament, the that the time has banks, which appeared in January, emphasized the resumption of foreign lending, might have influenced the government's decision. Before the ban was relaxed it was also pointed out to British banking and industrial reinvesting overseas the amounts foreign loans for of Cash sales, in which no account is taken in com¬ Deferred delivery sales, In which no account Is taken in computing range, are given below: equivalent for gold in the open market ranged tween $34.90 and $35.19 an ounce. The 9 Aluminum.Industries, Inc., Jan. 20 at 7. dollar British 1 'd-v," non-voting. a ests in the London gold market. money 98% Jan. Feb. 19 FeD. 28 Feb. 21 8 Feb. Feb. 16 11 Feb. "ww" with warrants (Continued from keeping 25 9% 10% % % % % 2 Used Above: of of 16% Jan. 14% Jan. 4 8% Feb. % Feb. 21 3 % Feb. % Feb. 16 8 % Feb. 1 58 Feb. 9 17 23 8 102% Feb. 100% Feb. Sale % foreign funds in London was so large as to cause concern in official quarters. Refugee money continued to pour into London during February, and this trend was reflected in the active bidding by hoarding inter¬ acquisition Sale 8% Feb. 15% Feb. "x-w." without warrants "cod," certificates of deposit "cons," consolidated, "conv." convertible the II* 18 103% 101% 9% 9% 9 10% 10% % % % % 100 "vtc," voting trust certificates "w i," when issued t Reported In receivership. the month 15% 12% "m." mortgage "■ Abbreviations Used Above'. Christmas holidays, 23 "cum " cumulative. Bonds being traded flat. the volume 65 toorenationt Deferred delivery sale, Bold for cash Ex-dividend and 25 67% 14% 6s stamped .1931 Mtge Bank of Denmark 5sl977 No par value. Sola under the rule n 70 23 .... 6,000 28,000 1,000 65% 15 19,000 ♦Parana (Stateof). Bras 7s'5r 50,000 ♦Rio de Janeiro 6)4s....l95'i 30,000 ♦Russian Cost 6h* 1919 ♦Certificates of dep 91,000 ♦5*s 1921 126,000 ♦Certificates of dep..... 22,000 Santa Fe (City) Argentina ♦7a stamped..........1945 11,000 4,000 20,000 10,000 73,000 63,000 19,000 Sale The British maintaining in a rearmament program February, and was continued an to gather important factor in high level in the engineering trades. December that It was the pending com¬ pletion of the great housing program would tend to retard (Continued on page 56) RANGE OF PRICES ON CHICAGO STOCK EXCHANGE Stock Sales. ...Shares. Jan. 1 to Feb. 28 AQGREQATB - 3ALE3 February Shares. Ask 3,400 1,650 48 45 48 47 45 42 45 44 34 1927 44 47 43 45 43 STOCKS 840 Adams (J D) Mfg com 13,150 Adama Oll & Gas.Co com ♦ 30% 37% 100 580 130 Altorfer Bros cony pref * 980 American Pub Serf pref..100 30 950 650 1,850 300 550 50 100 450 600 2,000 1,750 4.250 Armour & Co 5 common.... Aro Equipment Corp com...l Asbestos Mfg Co com 1 Associates Invest Co com...4 Athey Truss Wheel capital..* 9 10 12 16 14 9 7 9 33 35 30 35 50 53 7 52 | 60 5% Sale 534 6% 1 1% 33 Sale Sale 4 234 3% 200 Backstay Welt Co com......* 1,150 Barber Co (W. H.) com 1 800 Barlow fit Seellg Mfg A com..5 7% 10 18% * Belden Mfg Co common....10 Bendiz Aviation Corp com 5 . . . 5& 334 6 6 4 634 11 8 10 Sale 11 1034 10% 11% Sale 6% Sale 5% 6% 634 6% 1% 3454 4% 154 5354 534 6% Sale Sale Sale 2% 1% 6 4 154 8% 1134 10 10 12 10% Sale 7 Sale 20 Sale 12 13 12 18 21 18 21 17 5,800 1,820 550 180 1,150 5 7% 4% 7% 19 Sale % pref... • 5% 8 Sale Sale 740 Cent Cold Storage Co com.20 3,420 Central 111 Pub Serv pref.. 800 Cant 111 Secur Common 6 634 6% 8% 4% 7% 1934 1% 2,750 Castle & Co (A M) common.10 800 49 Feb. 48 Jan. 7 44% Feb. 17 Feb. 24 47 Feb. 3 Sale Sale Sale 5 Sale 2034 Feb. 24 834 Feb. 634 Feb. 334 Feb. 4 17 3 Feb. Feb. 2 734 Feb. 40 24 3634 734 534 354 654 834 1334 634 Jan. Jan. Jan. Jan. Jan. Feb. Jan. Feb. 14 Sale Feb. 3 Feb. 2 Feb. Feb. 28 7 9 3 28 40 26 5 17 14 Jan. 12 Jan. 27 Jan. 17 9 Jan. 13 35 Jan. 19 Jan. 14 56 634 Jan. 10 7 Feb. 21 154 Jan. 17 5 4 31 28 27 11 634 Feb. 11 24 33 Fej. 24 33 Feo. 3 54 Feb. 9 52 Jan 19 634 Feb. 17 5 Feb. 28 6 Feb. Feb. Feb. Feb. Feb. 21 6 Feb. Feb. 1 1 Feb. 1 Feb. 33 52 5 28 9 1 Feb. 4 32 Feb. 8 4 34 Feb. 16 1 34 Feb. 4 11 Feb. 21 4 Feb. 7 134 3454 434 134 34 9 6 2 Feb. 4 Jan. 1 Jan. Feb. 15 Feo. 7 11 2 Jan. 834 Jan. 17 10 Jan. '8 3 12 Jan. 13 1334 Jan. 9 Jan. 13 19 19 26 3 13°* Jan. Jan. 10 13 Jan. 12 1434 Jan. 12 13 12 11 Jan. 23 8 7 Feb. 1 3 6 Feb. 3 17 Feb. Feb. Sale 1334 2134 Feb. 1254 Feb. 4 954 1134 654 554 1654 2134 1254 Feb. 19 3 Jan. 8 Feb. Jan. 26 3 Jan. 4 Feb. 4 Feb. 19 Jan. 31 554 Jan. 734 Feb. 4 4 Jan. 7 634 Jan. 1834 Jan. 27 4 654 Sale Sale Sale Sale 2134 2234 934 434 834 1034 2434 1334 Sale 50 6 Feb. 1954 Feb. 23 2554 Feo. 25 4 1254 Feb. 4 3 654 934 454 854 2134 Feb. 28 Feb. 25 Feb. 5 Feb. 25 Feb. 23 9 Feb. 3 Feb. Feo. 21 8 Feb. 54 2434 1334 5154 Feb. 10 Feb. 15 Feb. 5 Feb. 28 734 434 734 1934 Feb. Feb. Feb. Feb. 34 2034 1234 4634 3 14 3 19 15 7 6 10 28 3 3654 Jan. 454 Jan. Feb. 23 6 Jan. 3 Feb. 11 Jan. Jan. Jan. 854 Feb. 26 1334 Feb. 14 iS* 24 9 754 454 734 1134 1554 3234 Jan. o y\ 354 Jan. 19 22 23 1334 4734 534 354 634 834 3 Feb. 34 20 '13% "14"' 47 9 Feb. 8 1334 Feb. 2454 18 23 14 300 350 17 4 44% Feb. 28 44% Feb. 17 3 Sale Sale 6 Sale 1,810 17 19 Sale 1234 634 554 10 conv Feb. 954 Feb. 1134 Feb. 654 Feb. 12% 10 17 800 Canal Const Co 49 44% Feb. 28 44% Feb. 17 Sale 11% 200 Brach & Sons (E J) capital ..* 400 Brown Fence 8c Wire cl A • 1,850 Common ...............1 6,050 Bruce Co (E L) com 5 4,450 Burd Piston Ring com.. 1 16,300 Butler Bros common .-10 2,500 5% convertible preferred 30 2 18 12 6,100 Bliss Ac Laughlin Inc com ..5 21,000 Borg-Warner Corp common. 5 700 900 420 4 3634 Feb. 9 50 — Sale Sale 734 134 3334 434 it* \VA 1,900 9,100 800 Feb. 47 4434 Feb. 28 44% Feb. 17 854 Feb. 26 1334 Feb. 14 100 900 Highest Sale Prices 54 Feb. 3234 Berghoff Brewing Co__.._ 1 850 Blnka Mfg Co capital...... 1 3,050 1,450 6,450 Lowest Sale Prices 16 8 " 154 2% Bastl an-Blesslng Co com. Sale 17 634 Sale Sale Sale 16 8% 10 9 400 Automatic Products com...5 1,950 Automatic Washer com.....3 2,800 4,000 5,750 8,000 46 35 ,*""350 12% 28,030 1,300 2,600 1,260 3,250 Sale 3934 834 554 354 634 834 37% Sale 834 W 934 4% * 5 3% Sale 6 6% 250 Allied Products Corp cl.A.25 450 Common ...10 400 Highest Sale Prices Par. 3,100 Abbott Laboratories com...* 610 11,550 50 43 * 4,800 Advanced Alum Castings.__5 1,400 Aetna Ball Bearing common.! 1,100 Allied Laboratories com * 450 Ask 42 1927 Lowest Sale Prices Feb. 28 Ask Bid Bid 1927 Certificates of deposit. Shares. Feb. 1 1938 1,000 Chicago Rys 5s ctfa 100 1 Jan. 3 BONDS 11,000 1,400 $2,000 4,000 RANGE SINCE JAN. PRICES IN FEBRUARY 6,000 Cal & So Chlc*5s"ctf8 Chicago City Ry 5a 6,000 J Price Bid 10,000 1,000 1937 $17,000 18,000 c_ _ Jan. 1 to Feb .28- CHICAGO STOCK EXCHANGE Since Jan. 1 In February 1,909,000 4,218,000 407,000 1,002,000 1938 Bond Sales 1937 1938 February 3 28 8 Jan. 654 2234 2834 1334 2234 7 Jan. 15 Jan. Jan. 10 Jan. 25 11 Jan. Jan. 934 534 854 2134 10 11 15 Feb. 25 Feb. 23 Jan. Jan. 134 Jan. 34 Feb. 9 Jan. 4 25 Jan. 1234 Feb. 21 8 4634 Feb. 14 Jan. 19 15 10 4 5154 Feb. 28 Corp— \ Convertible preferred.. * 16,200 Central S W Utll com 50c 2,470 Prior lien preferred • 1,150 Preferred.. ...» 930 Central States Pr 8c Lt pref.* 2,000 Chain Belt Co com » 700 Cherry Burrell Corp com...5 54 4% 2 95 >4 30% 1 5 Sale Sale Sale i? m ifi 54 Sale 534 154 9554 3034 J* 18 634 Sale 554 154 Sale Sale 54 Feb. 534 Feb. 134 Feb. Jan. 5 134 Feb. 3 24 Sale 96 Sale 94 33 Sale 2934 Feb. 33 Feb. 17 Feb. 4 Feb. 15 1234 Feb. 15 Feb. 25 4 454 1534 1934 15 17 4 26 5 Feb. Sale 5% 1334 2134 54 Jan. 34 Feb. 23 634 Feb. 25 2 Feb. 9634 Feb. 9 34 Jan. 634 Jan. 234 Jan. 11 17 w4 Jan. 28 97 Jan. p8 2934 Feb. 9 33 Feb. 17 92 4 Jan. 5 1254 Feb. 1854 Jan. 3 15 4 2134 Jan. 534 Jan. 13 Feb. 25 17 Chic City 8c Con Ry— 200 50 22,800 1,050 10 4,000 350 200 34 Common................. 50 Participation preferred * 57,650 Chic Corp common........1 5,500 30 Preferred 10 Chicago Electric Mfg A * 7,300 Chicago Flexible Shaft com.5 1,250 Chicago 8c N W Ry Com..100 Sale 32 1554 34 3834 Sale 1 134 1 33 1634 34 43 45 58 Sale 2 154 Sale 134 Sale Sale 35 22 Sale 32 54 234 3234 1634 34 2 34 Feb. 24 54 Feb. 28 3 134 Feb. Feb. 4 1834 Feb. 14 Feb. 3 154 134 Feb. 3 5 834 34 Feb. 834 Feb. 31 43 34 Feb. 24 54 Feb. 28 234 Feb. 24 34 Feb. 24 1834 Feb. 14 5934 Feb. 28 154 Feb. 1 54 Feb. 24 54 Feb. 28 3 134 Feb. 31 Feb. 4 1834 Feb. 3854 Jan. 134 Jan. 14 54 Jan. 834 Feb. 34 Feb. 24 54 Feb. 28 234 Jan. 11 34 14 3 4 Feb. 24 1834 Feb. 14 5934 Feo. 28 154 Jan. 10 Chicago Rys— 40 320 10 320 Chic Rivet & Machine cap..4 80 120 170 Chicago Towel Co conv pref * 160 Common capital.........* 18,450 Part certificates *'2"....100 32,100 Cities Service Co • com 500 Club Aluminum Uten Co * 30 00 Coleman L'p & Stove com...* 26,700 3,150 2.450 61,950 Comm'wealth Edison com..25 7,000 Compressed Ind Gases cap..5 3,850 Consolidated Biscuit com...1 9% Sale 90 9934 6134 Sale 2 134 26% Sale 1% 33 *17"" Sale" 34 834 96 34 9 100 70 61 154 134 Sale 2 Sale 28 2354 Sale 2054 Sale 354 434 334 354 634 234 34 7 5 4 154 7% 9934 100 6334 6434 154 Sale 154 2 2634 28 2434 Sale 2034 2134 454 Sale 99 Feb. 64 Feb. 154 Feb. 3 34 Feo. 834 Feb. Feb. 3 99 Feb. 3 134 Feb. 1 6134 Jan. 154 Feb. 134 Jan. 16 100 11 65 7 5 3 Feb. 1 28 2234 Feb. 3 Feb. 9 2534 Feb. 18 2154 Feb. 25 434 Feb. 17 28 20 334 Feb. 24 Feb. 1 27 Feb. 34 Jan. 14 10 Jan. 8 16 100 65 3 Jan. 7 2 Jan. 18 3 3 7 154 Jan. 3 30 Feb. 8 Jan. 27 Jan. 12 2234 Feb. 3 2734 Jan. 7 17 Jan. 3 25 Jan. 12 334 Jan. 5 434 Feo. 17 Feb. 24 4 134 54 1334 9734 134 Jan. Feb. 7 6% Jan. 2H Jan. Feb. Jan. Feb. 18 61 Jan. 3 Consumers Co— 160 1,730 V t c pref part shares....50 150 600 Com part shs v t c A...50 140 440 50 50 3,550 Common part shs v t c B..* 50 Continental Steel com......* 12 15 1234 70 9634 9734 97 Preferred..............100 10,550 Cord Corporation... 500 Cudahy Packing Co pref.. 100 65 1,250 2,250 Cunningham Drug Stores 2% 13 3 "l",456 4,450 Dayton Rubber Mftf com....* 250 Cum class A pref........35 70 Curtis Lighting Inc com....* . 154 ....5 100 200 154 634 734 17 Sale 1334 4 3 154 5 134 1354 1234 98 97 Sxle 34 134 24 154 Feb. 54 Feb. 1334 Feo. 2 98 2 18 Feb. 2 134 Feb. 14 534 Feb. 14 2 Feb. 23 34 Feb. 24 1334 Feb. 18 98 Feb. 2 154 Feb. 1 68 95 68 90 70 Feb. 18 14% 1534 1334 14 254 1034 1354 Feb. 4 1454 Feb. 2 854 Feb. 3 25 20 1054 Feb. 2154 Feb. 23 23 5 2 4 2 834 834 934 934 22 334 134 14 9834 Sale Feb. 4 20 24 20 70 Feb. 18 4 2 7 14 4 254 Feb. 16 4 3 Feb. 1354 Feb. Jan. 28 8 Jan. 6 20 Jan. 28 254 Feb. 16 22 5 18 Jan. 26 Jan. 12 nlVt Feb. 18 70 1554 Jan. 24 334 Jan. 28 1054 Jan. 21 2154 Feb. 23 it* Jan. Feo. Decker (Alf) 8c Cohn— 450 10 70 25 650 "TI55 900 1,900 10 Common.. 1,350 Dixie-Vortex Co 500 Class A .... ..100 com.. 1,900 Dodge Mfg Corp ..... common 1,150 Eddy Paper Corn (The) For footnotes see page 56 * 10 Preferred 70 Deep Rock Oil conv pref....* 70 De Mets Inc pref * 490 Dexter Co (The) com .5 234 334 50 26 234 75 1834 254 75 6 * 15 ...» 31 16 35 * 12 14 * 1654 1934 18 25 21 434 16 29 1134 2034 8 1734 3234 Sale 21 334 1 61 Feb. 8 61 Feb. 8 24 1834 Feb. 4 20 Feb. 25 454 Feb. 24 25 4 16 Sale" 3034 1134 1834 3234 Sale 2134 16 Feb. 4 454 Feb. 24 1634 Feb. 24 334 Jan. 17 Feb. 8 61 Feb. 1834 Feb. 4 20 Feb. 21 234 Feb. 73 23 21 20 434 Sale 1834 6 21 Jan 8 25 6 61 31 10 Feb. 1134 web. 19 Feb. 21 Feb. Jan. 454 Feb. 24 4 1534 Jan. Jan. 18 3 10 Feb. 11 11 19 Jan. 4 . 634 Jan. 1654 Jan. 18 31 34 Jan. 13 1454 Jan. 12 Feb. 11 21 March, 1938] CHICAGO AGGREGATE SALES In February Shares 2,650 55 EXCHANGE PRICES IN FEBRUARY chicago stock exchange RANGE SINCE JAN. 1 Price Jan. 3 Since Jan. 1 STOCKS Feb. 1 1938 Ask Par Bid SharesM 9,340 El Household Utll Corp 2,800 Elgin Nat Watch Co 150 Pair, The common 850 STOCK 5 15 3** Sale 22 23 Feb. 28 Ask Bid Bid 3% Sale 21 23 Ask 3** Sale 21 Sale Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices 3*4 Feb. 1 Feb. ~ 21 3** Feb. 22 Feb. 2 2 4*4 Jan. 3** Jan. Feb. 21 6 Jan. 24 28 Jan. 17 14 6** Jan. 28 Pits Simons A Connell Dock 600 850 900 700 Ac Dredge Co com 2.750 Puller Mfg Co common 1 * 2,050 Gardner Denver Co com 100 S3 cum conrpref ...20 350 950 General Candjr Corp A 5 6.300 General Finance Corp com.. 1 36,500 Gen Household Utll com. » 2,500 17,500 310 40 360 Godchaux Sugar Inc cl B 110 Class A ...... 2.400 800 4.800 3,800 Goldblatt Bros Inc com.....* 1,450 Gossard Co (H W) com 10,450 Great Lakes D Ac D com....* 310 650 Hall Printing Co com 10 100 Hamilton Mfg cl A part pf 10 650 HarnischfeSer Corp com 10 6,700 Heileman Brew Co G cap—1 850 Heln Werner Motor Parts..3 1,900 100 Heller (W E) preferred ¥ Sale 15 30 100 130 50 440 Hlbb Spencer Bartlett com. 25 280 Horders Inc common 54 51 9** Sale 3** 2% Sale 394 6** 2*4 5** Feb. Feb. 24 12 Feb. 3 51 6 3 2 13*4 Feb. 52 2 9** 10 3** 39* 19* Sale 10 Feb. 18 3** Feb. 2** Feb. 9** Feb. 1 3** Feb. 26 19* Feb. 21 2 1 12 Sale 16 12 Feb. 1 14 35 22 34 32 Feb. 14 33 22 iS* 14 15 1794 Feb. 16 7** Feb. 19 12** Feb. 9 5** 7** Sale 694 § Sale 6 7 6 Sale 59* 6 5** Feb. Jan. Jan. Jan. Feb. Feb. 6 15 27 26 21 12 Feb. 32 Jan. 1794 Feb. 16 7** Feb. 19 12** Feb. Feb. 8 2 2 Feb. 23 16 Jan. 6 3 6** Feb. 25 5** Feb. 5*4 Feb. 2 3 6 Feb. 26 59* Feb. 25 7 Jan. 294 Jan. 16 Jan. 17 27 6** Jan. 20 Feb. 3 5** Jan. 27 5 Jan. 6 6 5 11 12 52*4 Jan. 26 10*1 Jan. 26 4*4 Jan. 10 294 Jan. 8 14 21 Feb. 24 Feb. 6 „ Feb. 24 2 1194 52** 9** 3** 19* Feb. Feb. ; 6** 6*4 59* 5** 6** Sale 4*4 5 6*4 6 J4 8 6% 5*4 7 6 8** Sale 30 399 1894 Sale 8 8** 2 2** Feb. 13** Feb. 16 21 18 com 6 12** 21*4 Sale 42** 24 44 Without warrants 1,700 Hormel Ac Co (Geo) 6 7** 2** Sale 12** Sale Jan. 27 Feb. 24 33 23** Jan. 894 Jan. 12 16 23 Feb. 11 7*4 Jan. 10 69* Jan. 20 7** Jan. 11 7 Jan. 14 6*4 Jan. 17 25 100 1,000 2*4 12>i 55 10 Sale 26 .... 7 S* 50** 16 18** 13** 17** A..* 19** 41*4 179* 21 45 16** 18 19 Feb. 8 19 44** Feb. 2 13** Feb. 21 Feb. 8 45** Feb. 18 13** Feb. 21 Feb. 5 18 Feb. 2 89* Feb. 10** Feb. 1** Feb. 4 10 Feb. 17 24 Feb. 4 25 5 Feb. 1 5 17 19 Feb. 8 41*4 Jan. 10 13** Jan. 19 1694 Jan. 7 Feb. 19 8 45** Feb. 18 14 Jan. 10 21 Jan. 12 3 8*4 Jan. 3 10** Feb. 4 19* Jan. 3 594 Jan. 103** Feb. 28 108 Jan. Jan. 12 5 11 11 Houdallle-Hershej— 200 300 650 850 Hubbell, Harvey, Inc com..5 4,400 Hupp Motors com (new) 1 1,650 Illinois Brick Co 25 1,260 Illinois Nor Utilities pref.100 1,850 600 290 250 650 Indep Pneum Tool 40 60 950 10 150 260 400 1,100 3,500 4,950 2,950 2,800 1,150 1,700 10 Ken-RadTube Ac Lp com A 14 4,850 220 330 550 Leath Ac Co preferred 1,550 Le Roi Co common.'. 4,150 Llbby, McNeill Ac Llbby 2,550 Lincoln Printing Co com 120 $3.50 preferred.. 1,550 Lindsay Light com... 6,900 Lion Oil Ref Co com.. 2,250 Loudon Packing common 1,100 650 20 1,100 4,050 850 500 500 Lynch Corp 10 10 1,300 "15",700 4,850 70 19*1 89* 79* 2!* * 30 66,250 Middle West Corp capital...5 10,900 Stock purchase warrants... 4,850 Midland United Co com * ::::: H* ih 79* Sale 3 9* Sale 20 30 18*4 2% 3 5** Sale 3,350 Convertible preferred * 180 Midland Utll *% pr lien.. 100 160 7% prior lien.. ...100 190 7% preferred A..._. 100 130 6% preferred A... ..100 1,180 Miller Ac Hart Inc conv pref.* 200 Minn's-Moline Pow Imp com.* 130 130 890 50 600 1,900 Modlne Mfg com * 50 Monroe Chemical Co com...* 240 Preferred * 45 100 730 20 Sale 22 Sale 294 29 31 11* 20 394 10 30 29* 22 2*4 36** 8*4 24*| 2P 2 32 30 1 4 30 si? i* 12 14** 28 10** 9** 1* 29** Sale 9* 1 19 8*4 Sale 3** Sale 23 26 5** 1 *4 *4 3** Sale Sale Sale 4 k 8** Sale 394 4 22 24 "2194 sil 794 20 5 40** 10 22** 6 7 3 494 794 21 6 3 9 22** 6** 4** Feb. 4 15 1 2^ .g I* « 1 1** 39* 694 249* 39* 3994 4** 7** 26 4 42** 6** 19** 9 22 6** 6 Sale 5 Feb. 4 Jan. 31 4*4 Feb. 10 3*4 Jan. 11 14 Feb. 4 14** Jan. 26 Feb. , 10 24 Feb. 1 5 4*4 Feb. 10 4 3** Feb. Feb. 2 Feb. 3 16*4 Feb. 5 9 22 Feb. 25 20*4 Feb. 9 40 Feb. 1 40 Feb. 1 40 7 494 Feb. 10 4 Jan. Jan. 11 4** Feb. 59* Feb. 3 3 8 Feb. Feb. 25 59* Feb. 65 22 54*4 Feb. 5 Feb. 3 2 10 394 Feb. 94 Feb. 21 1 2** Feb. 15 6 Feb. 23 65 Feb. 8 25** 56** 10** 4*4 ** 3** Feb. Feb. Feb. Feb. Feb. Feb. 18 14 Feb. 23 3** Feb. 14 3 19** Feb. 9 9** Feb. 79* Feb. 16 3 3*4 Feb. 10 4 Feb. 7 30 Feb. 25 7 1 18 30 30 Feb. 23 7 3** Feb. 8 20 Feb. Feb. 15 8** Feb. 18 25 7 30 Feb. 2*4 19** 1** 31*4 3 Feb. 3 Feb. Feb. 10 3 29* Feb. 23** Feb. 21 2 Feb. 4 Feb. 19 34 Feb. 4 12 Feb. 24 12 Feb. 24 29** Feb. 28 4 94 Feb. 29** Feb. 28 Feb. 1 23 "7 94 "Feb".' ""3 §** Feb. "23 5 54*4 Feb. 10 Jan. 5 3 394 Jan. 94 Feb. 21 2** Jan. 25 Feb. 15 11 21 7 27 27 Jan. Jan. 2*4 19** 1** 31*4 3 Feb. 3 Feb. Feb. 10 Feb. 19 12 Feb. 24 3 6 Jan. 19 79* Jan. 28 4 39* Feb. 11 16 11 16 294 494 1** *4 Feb. Feb. Feb. Feb. 2 Feb. Feb. Feb, 3 Feb. Feb. 4 Feb. Feb. 15 11 17 29* Jan. 4 25 49* Jan. 28 1** Jan. 27 *4 Jan. 10 3 Feb. 4 14 8 Feb. 3 4 Feb. 10 794 Feb. 21 Feb. 6 Feb. 14 Feb. 14 1 Feb. Feb. 23 Feb. Feb. 14 25 1 94 2% 694 2194 4** Jan. Jan. Jan. Jan. Jan. 41** Feb. 21 40 Jan. 21 6 Feb. 23 25 Feb. 6 24 7 5*4 Feb. 26 Feb. 4 94 Feb. 18** Feb. 2** Feb. 3 22*4 Feb. 25 2 ** Feb. 3 20 Feb. 19 3*4 Feb. 11 3 794 Feb. 21** Feb. 23 7** Feb. 23 22** Feb. 18 40 1*4 1** 4** 7** 9 19* Jan. Feb. 94 Feb. Feb. 1 22** Jan. Jan. 3 29** Jan. 24 4 94 Feb. 23 1 Jan. 7 3** Feb. 18 Jan. 10 9 4*4 Feb. 5 13 7 9 Feb. 1 18 Jan. 10 24 1 6 8 28** Jan. 60** Jan. 4 7J* Jan. 15 1 Feb. Feb. 21 3 Feb. Feb. 23 13 Feb. Jan. Feb. Feb. 1*4 9* 3** 194 5** Jan. 7*4 Jan. 65 Jan. 1 8 Jan. 10 Jan. 15 4*4 Feb. 10 Jan. 22 1594 Jan. 22 1.894 Jan. 17 239* Jan. 17 40** Jan. 19 4 Feb. 3 8 29 7 30 4 39* Feb. Jan. Jan. Jan. 15 294 Jan. 31 3 19** Feb. 9 Jan. 3 Jan. 29 4 23 3 Feb. 8 Feb. 25 65 22 18 Sale 1 il* i*4 20*4 Feb. 16 2** Sale 5** Sale 1*4 Sale 2 194 1** 94 49* Sale 594 6** 23 2494 39* 4 40** 42** 4*4 Feb. 10 4 3** Feb. Feb. 11 8 Feb. Feb. 23 4 Feb. 19 16 "29* "3" 4 14 194 .... 100 Nachman Springfllled com.* 180 National Battery Co pref * 300 Nat'I Pressure Cooker Co...2 Nat Republic Invest Trust— 810 Cumul. conv. pref.. —* 100 130 25** 5** 9** % 10*4 3** 3 10*4 1*4 6 Feb. 14 6** 7*4 Sale 103** Feb. 28 105** Sale Sale Sale Sale 6594 100 22 24 56 Sale Sale 2% Sale 35 18** 4 3** 5 100 Prior preferred * 100 Metrop Indust allot ctfs 7,000 Mickelberry's Food Prod coml 100 3,400 23,600 2.000 3,550 2,100 150 11** 394 * 1 6** 100 Sale 59 2*4 19** 2** * 5 10 * 10 10*4 40 56 10 * 41,250 Marshall Field Ac Co com 10,950 Mer Ac Mfrs Sec cl A com it* Sale 25"" * 350 McCord Rad Ac Mfg "A* » 180 McQuay-Norris Mfg com * 2,050 Manhatt-Dearborn Corp com* 100 Mapes Cons Mfg capital * & 21 5** * 10 common 49* 25 4** 5 common Cumulative 8 in 104 24 40 60 Lawbeck Corp 6% cum pfdlOO 4,150 9 94 Sale 15** 1*0* 21 * com Sale 4*4 3*4 Kerlyn Oil Co'common A 5 Kingsbury Brewing Co cap.l La Salle Ext Univ 26 14 850 lefferson Electric Co com...* 300 Joslyn Mfg Ac Supply Co com 5 7,050 Kats Drug Co com 1 2,700 Kellogg Switchboard com. .10 10 Preferred...... 100 610 Kentucky Util Jr cum pref.50 370 6% preferred 100 1,550 1,100 8 106 5 .... 450 100 19* 24 v t 90 $6 preferred * 1,550 Iron Fireman Mfg Co v t C...* 3.800 Jarvis (W B) Co capital.....1 1,200 9** 10** 105 c_...* 1,200 Indiana Steel Prod com 1 40 Interstate Power $7 pref.. * 400 : 8** 10** 1 ** 5** ..♦ Class B 13 14 4 30 Jan. Jan. Jan. 3i* 31* ll* Jan. Feb. Jan. 15 5 14 10 14 4 Jan. 10 18 Jan. li Jan. 19 994 Jan. 494 Jan. 10 24 8 Jan. Feb. 16 3 10 11 Jan. 10 7 Jan. 5 2 Jan. s* hH 10 5 Jan.> 5 Jan. 20 Jan. Jan. 19 1** Jan. 10 14 Feb. 1 Feb. 23 27** Jan. 12 Fab. IP Jan. 19 19 6 41** Feb. 21 794 Feb. 3 Jan. 25 Feb. 24 794 Feb. 3 22** Jan. 19 6** Jan. 13 3*4 Jan. 4 Jan. 3 94 Jan. 18** Jan. 29* Jan. 31 Feb. 19 26 5*4 Feb. 26 National Standard-— 2,500 Common stock.. 10 3,250 1,350 National Union Radiocom..l 10.000 Noblitt-Sparka lnd Inc cap 5 150 30 650 North American Car com .20 30 Northern Paper Mills com.* 4,450 10,800 Northwest Bancorp com. * 300 Northwest Eng Co com.....* 1,550 850 200 60 160 Nor West Utll pr lien pref. lit 400 7% preferred ..lit 10 Okla Gas Ac El 7% pref 100 30 Ontario Mfg Co com........* 240 ... " 20 20** Sale 9* 19 2*4 10 7 10** 32 8 1 Sale 294 14 Sale 12 34 11 20** 94 20 29* 10 7*4 10 21 9** 105 15 21** 1 ** Sale Sale 14 Sale 21*4 o Sale 19 294 3 14 10 6** Sale 13 36 11 13 22 Sale 14 10*4 100 8** 23 15 14 21 10 3 Feb. 1 29* Feb. 1 Feb. 19 10 15 10 694 Feb. 28 9 11*4 Feb. 7** Feb. 14 12 Feb. 10 6** Jan. 11*4 Feb. Feb. 19 22 Feb. 19 22 9** Feb. 4 11 Feb. 17 22 105 12 20 Jan. 9** Feb 9*4 Feo. 2 9*4 Feb. 2 . Jan. 100 9*4 Feb. 4 5 23** Jan. Jan. 23*4 Jan. ,20* Jan. Feb. 10 12 12 11 19 9 20 32 ip Jan. Jan. Jan. 4 11 Jan. 8 17 100 13 3 Jan. 17 Jan. 25 Jan. 12 15 19 6 Oshkosh B'Gosh Inc— 140 Common .* 20 Convertible preferred.---* 450 Parker Pen Co (The) com.. 10 .... 20 350 950 1,150 Peabody Coal Co B com....* 700 Penn Elec Switch conv A.. 10 850 Penn Gas Ac Elec A com— 100 Peoples Gas Lt Ac Coke caplOO 200 800 100 40 350 290 Perfect Circle (The) Co 550 Pictorial Pap Pkg com 2,200 1,000 1,050 600 5 1 Pines Winterfront com Potter Co (The) com.. 1 200 Process Corporation com...* 150 50 Pub Serv of Nor 111 "1,130 * com 3,170 Quaker Oats Go com. 430 50 450 500 360 • ' 2,100 40 700 450 400 2,700 8 700 60 600 For footnotes Preferred.... 100 600 700 Rath Packing Co com 10 1,400 Raytheon Mfg Co com vtc 50c 1,600 6% preferred v tc 5 900 Reliance Mfg Co Common. 10 Preferred 100 90 Rollins Hos Mills conv pref. Common... .....1 8,750 40 Ross Gear Ac Tool com—. 6% 79* 794 25 12 149* 9* Sale 15 12** 89* 10** 31 33** 27 28** 3** 4** 1 9* 1 1** 1 1** nK 1 12 9 11 30 34 28 5 269* 4g 1*1 77 si* 2** 1 12 100 Sale 1 20** 26 22** 11** 340 Signode Steel Strap Co pf.30 23 * 14 1,050 Common.. ... 11 4 16 190 Sivyer Steel Castings com...* South Bend Lathe Wks cap 5 120 Sou Colo Power A common. 25 50 Southw GAtE Co 7% pref.ltO 1,550 see page 56. II* sii* a* 14 2** 95 Sale 3** 105 Feb. 4 94 12** 594 32*4 Feb. 27** Feb. 15 3 1 Feb. Feb. 15 9 Feb. Feb. 14 4 11 Feb. 18 89* Feb. 2 Feb. Feb. 9 7 28 4** Feb. 8 4 Feb. 15 33 28 Feb. Feb. 7 ** Feb. 3 1 Feb. 2 19* Feb. 5 1** Feb. 21 5 19* Feb. 28 4 1 4 1 ** ..... 24 12 '"4*4 "5" 22** 11** 8** 17 2 32*4 14 12 Sale 5 105 79* 27** 14 94 12** 594 32*4 ** Feb. 14 Feb". "7 "98** Feb". *17 Feb. 28 141 Feb. 10 17** Feb. 23 29* 4 Feb. 1*4 1 Feb. 10*4 Feb. 1 Feb. 10 2 Feb. Feb. 17 2 Feb. 97 20** 54 14 98*4 100** 95** 139** Sale 139** 23 18 17** 2 294 2*4 2*4 1 ** 1 94 Sale 1094 9** 994 «lVA Sale Sale 9** 99 27** Feb. 15 72 98** Sale 126** 142 17 30 14 1,950 Sangamo Electric Co com— * 1,400 Schwitzer Cummins capital. 1 * 1,300 Sears Roebuck At' Co com. 7.550 Serrlck Corp cl B com I ... 89* 24 1 18 21** 10** Sale 11 "394 ""4"" 23** 12** 12*4 15** 2 94*4 31** 13** 15 16** 29* Vs Feb. 20** Feb. 21** 10** 54** 3 94 11 7 Feb. 28 Feb. 11 4 Feb. Feb. 14 Feb. 2 20** Feb. 7 1 Jan. 22 3 Feb. 5 Jan. Feb. 15 9 Feb. Jan. 33 Feb. 29 Jan. 13 18 5 9 49* Jan. 9* Jan. 8 31 Jan. 12 Jan. Jan. 19*. Feb. 81** Jan. 5 6 Jan. 13 8 6 7 141 Feb. Jan. Jan. 1 95** Feb. 137 Jan. 16*4 Jan. 2 Jan. 94 Jan. 994 Feb. 81** Jan. 7 10094 Jan. 6 3 3 1 Jan. 27 9* Jan. 20** Feb. 4 7 Feb. 14 Feb. 7 22 Jan. 10 Feb. 4 13 Feb. 21 10 27 4 12*4 Feo. 24 13 Feb. 21 12 17 Feb. 1 14 2 Feb. Jan. Jan. Jan. 98 Jan. 4 ; Feb. 10 10 22 Feb. Jan. 14 5 4 23** 1194 63 9* 49* 22** 16 Jr7A 27** Feb. 15 14** Jan. 26 Jan. Feb. 98 9* Jan. 12 Feb. 15 im u8 99 Feb. Jan. Jan. 1** Jan. 20** Feb. 13 1 4 18 17 13 4 15 7 2 Feb. 5 Feb. Feb. 23 2 Feb. 8 Feb. 21** 10** 54** 394 Feb. 28 27 Feb. Feb. 1394 Jan. 11 639* Feb. 23 11 4 •8* Jan. 28** Jan. 17** Jan. 28! 13 3j 17 31 Jan. Feb. 8 11 14 10 21 Feb. 1 2** Jan. 31 27! 100 Jan. 21 Since Jan. 1 90 Southwestern Lt Ac Pow pfd.4 70 60 Standard Dredge con* 2,200 7,900 1,100 50 pref20 1 Common Standard Gas & Elec com...4 100 Stein & Co (A) common.....4 Storkline Fur com 10 100 1,700 2,700 13,500 3,850 1,050 800 4,950 2,000 Sunstrand Mach Tool com..5 Swift Ac Co 25 stk Swift Internacional IS 700 Thompson (J R) com......25 2,100 Trane Co (The) common....2 5,250 Utah Radio Products com..4 5 1,250 Utility Ac lnd Corp com Convertible prefer red.... 7 4,150 150 1,600 2,250 100 1,350 250 Viking Pump Co common...4 Preferred ...........-4 50 90 40 Wahl 800 Co com 1,250 ... 4 6,850 Walgreen Co com 930 Ward (Montgom) A Co cl A.4 4 1,050 Wieboldt Stores Inc com 2,850 460 250 Cum prior 110 50 2* Sale 39 % 35 1% 1% 18% Sale 137% 139% 12 76 10 3% com.. 4 73 Feb. 4 Feb..15 4 Feb. 1% 24 Feb. 4% 14K 1 % K IK 16% 37K Feb. Feb. Feb. Feb. 15 Feb. 3 Feb. Feb. 5% 17 1% Sale 2 16K 23 Sale 37 K Sale 134 136 Sale 136 11 11 12% 10K 11 79K 76 K 80 96% 76 K 3 3K 3% 3% 3H 19 25 25% Feb. 18 5 2 4% 14% 1% % 1% 16 Feb. 25 Jan. Feb. 14 3 11 Feb. 3 Feb. 3 79% Feb. 3% Feb. 11 4% Feb. 4% Feb. 2 7 2 Feb. 7 Feb. 10 Jan. 131 17 11 15 5% Jan. 12 16% Feb. 25 1% Jan. 12 % Jan. 7 2 Feb. 25 18 Jan. 14 37% Feb. 18 8 1% Jan. 20% Jan. 11 6 Jan. 12% Jan. 15 3 79% Feb. 4% Jan. 18 6 3 31 140 10% Jan. 28 Jan. 11 3% Feb. 14 76 3 11 28 Jan. 27 17 1% Jan. 18% Jan. 1 2 4 136 Feb. 14 17 15 15 18% Jan. 14 36% Jan. 1% Feo. 19% Feb. 4 Jan. 13 6 Jan. 3 Feb. 7 Feb. Jan. 18 6 Jan. 17% Feb. 8 37% Feb. 18 4 2 25 3 3 4 16% Feb. 25 1% Feb. 1 % Feb. 15 Feb. Feb. 126 28 9% Jan. 16% Jan. 23% Jan. 11 Feb. Feb. 5 Feb. 25 18 3 IK Fee. 18K Feb. IK IK 18 % Sale Sale 1 Feb. 12% Feb. 28 5K Feb. 7 10% Feb. 8 28 9K Feb. 24 17K Feb. 3 4% 16K 1% 5% Jan. 10 4 Sale 15 1% Sale % % IK IK 17 K 22 37% Jan. 58 2% Feb. Sale 14 % 72 4 25 Feb. 5 2 Feb. 25 12 12K Feb. 28 73 Feb. 63% Jan. 13 Jan. 3% Jan. 5% Jan. 12% Feb. 6% Jan. 18 10 Feb. 4 2 Feb. 15 3% Jan. 28 12% Feb. 28 Feb. 63% Feb. 2 10 2 Sale 9% 4 8 Feb. Sale 5% 7 9% Sale 16 % Sale 22% 23% 1 Highest Sale Price* 10 2% 3K A* 12 K Sale if* if* preferred......4 1,650 Williams Oil-O-Matlc 800 11 4% 14 1% Sale Lowest Sale Prices 62K Feb. 63 K 12 Sale 62% 12 % Highest Sale Prices 73 90 76 Sale 10% 12 2 % Sale 16 Lowest Ask Bid Ask Bid Sale Prices Feb. 28 Feb. 1 1938 Par 450 St Louis Nat Stockyards cap * 1,250 2,650 ;; STOCKS Shares 1 Price Jan. 3 In February Share* 70 220 RANGE SINCE JAN. PRICES IN FEBRUARY CHICAGO STOCK EXCHANGE SALES AGGREGATE V STOCK EXCHANGE CHICAGO 56 Wisconsin Uanksharea— 7,500 2,850 1,250 1,000 350 2,400 22,650 13,400 * Woodall lndust com........2 750 Yates-Amer Mach 150 No par 4% 3 .............4 Common teiiow Cab Co lnc 1% 9 10% 13% Sale (Chic)..4 Zenith Radio value. * x 4% 4% 4 2% ,9K 13 K ■<- 15 Feb. 7 3 10 Feb. 3 iiiS 16% Sale 18 of Early in February, however, it was dis¬ being revived on even a greater scale. The Ministry of Health made a statement that the number of houses required to complete the slum closed that the housing program was overcrowding relief project was estimated at clearance and 400,000 and approximately would take around five years The Board of Trade's annual estimate of Great Britain's balance of visible and invisible trade in 1937 was It showed that the net result was £52,000,000, compared with a deficit of £18,000,000 in 1936, a credit of £32,000,000 in 1935, a deficit of £7,000,000 in 1934, and an even balance in 1933. The deficit for 1937 was the largest since 1931, when it reached £104,published in February. a deficit of The adverse balance of, visible trade in 000,000. 1937 was approximately £99,000,000 greater than iu 1936, but invisible exports increased £65,000,000 to £395,000,000. Of invisible items the net national shipping in¬ come was £130,000,000 against £85,000,000 in 1936. The net income from overseas investments was £220,000,000 against £447,000,000, 12% Jan. 17% Jan. having bought 16% of all American United States, the sold goods abroad 1937. in Great Britain increased by Gold on from ■'£ imports States United 1% to $202,771,000. amounted offer in the London market in February £9,537,000 compared with £9,582,000 in January and with £9,569,000 in December. During the month the mean London check rate on Paris fluctuated widely, as in January. to (see table below) was between pound. This compared with the range in January for the mean quotation of between 147.24 and 154.77. On Tuesday, Jan. 25, the London check rate on Paris soared to 155 francs to the pound, record high The range for the mean rate for construction. overseas 22 12 12 Co|P com (Continued from page 53) > 10 15 Jan. 2 Ex-dividend. ' British industry. 5% Jan. 5% Jan. Jan. 31 4 Jan. Jan. 28 3 Feb. reu, 3 Feb. 4% 3% 1% 9% */4 12 % 16% Feb. 28 2 11 9 10 K Sale 4K Feb. 3K Feb. 9% Feb. 4% 4% 3 % Sale 2 2% 5 IK- 3% 1% 5 cap Sale 151.46 and 154.25 francs to the The London open mar¬ favoring London and against Paris. gold price in February ranged between 139s. 7d. and 139s. 10%d. The American price for gold (Federal Reserve ket New York) Bank of London or continued at $35 an ounce. market money rates were steady and easy February. Call money against bills was in open throughout bills were Two-, three- and four-mouths' %%. supply at 9/16%, and six-months' bills were 19/32%, rates which pre¬ vailed since shortly after New Year's. Sterling cable trans¬ sold on Feb. 1 at $5.01 1/16@$5.01%, and on Feb. 28 $5.02(5)$5.02%. The low for sterling cable transfers was $5.00 9/16 on Feb. 2, and the high was $5.03% on £205,000,000. fers against £30,000,000. at Receipts from commissions were £35,000,000 Receipts from other quarters were un¬ changed at £10,000,000. Gold was not included in the calcu¬ lations, but the silver movement was included in the visible trade. The net deficiency was smaller than had been gen¬ Feb. 16. PRICE CHECK RATE ON PARIS AND LONDON and seemed to give financial London no for concern. Nevertheless, the general trend indi¬ OF GOLD IN LONDON erally predicted, cause explained part at least the government's decision to relax restric¬ in tions foreign lending. on On the announced that his 1933 price policy was still valid. ence, This and day President Roosevelt, in his press confer¬ same followed by a strong upswing in was 16 Feb. on the cable rate sterling exchange, London on reached a new high of $5.03%, the highest since September, 1936. Gold sterilization was adopted during 1936 and 1937 as a pre¬ caution against inflation at a time when immense amounts of foreign metal were coming to the United States. which began was sterilize amount ury in August, Under the 1937. new program, made retroactive to Jan. 1, the Treasury will not newly-mined and imported gold unless its gross exceeds $100,000,000 in any one quarter. The Treas¬ immediately released $30,000,000 of gold sterilized since gold for future exports Jan. 1 and decided that it will draw gold account, inflate the credit base while future gold releases will not decrease it. At the time of deciding on this policy it was disclosed that domes¬ tic production was averaging around $45,000,000 a quarter, so that about $18,000,000 a month of foreign gold would be allowed to enter the credit base together with the domestic and earmarking out of the existing sterilized so that future gold acquisitions will the American desterilization action indicated that the measure was regarded as in Official British comment output. line with marked dollar London the easy on credit policy, but that if a change in the exchange value of the United States should London London Check Rate Open Market Gold Price Paris on 1;'. l..~ 152.74 139a. 7d. Feb. 15... 152.65 139s. 2_.._ 152.77 139s. 9d. Feb. 16... 152.95 139s. 9d. Feb. 3.... 153.15 139a. lOd. Feb. 17... 152.94 139s. lOd. Feb. 10d. . 4 152.67 139s. 9d. Feb. 18... 152.90 139s. 5 152.50 I39s. 9d. Feb. 19... 152.64 139s. lOd. Feb. 6.... Feb. 20... Feb. 21... SUN DAY result, London would guard against any ad¬ 7 139s. 9d. 152.56 139s. Feb. 8 152.80 139s. 8d. Feb. 22. 153.09 139s. Feb. 9 152.85 139s. 8d. Feb. 23... 153.78 139s. 10%d. Feb. 10 152.64 139s.. 8d. Feb. 24... 154.25 139s. 9%d. Feb. Feb. 9%d. — 152.69 - 1 Most of the increase was attributed to large ship¬ ments of cotton, grain, timber products, gasoline and lubri¬ 546,000. was ■' 151.46 139s. 151.48 139s. 9d. 13..1. Feb. 14-... SUN DAY 152.15 9d. 139s. 25... 153.81 139s. 26... 153.65 139s. 27... Feb. 9d. 12 Feb. Feb. 11 Feb. Feb. In commenting Federal 28... the largest single customer foreign the on of New Bank Reserve lOd. 9%d. 9%d. SUN DAY 153.40 139s. 9%d. situation, exchange York said in its the "Monthly Review" for March 1: month The dollar of February renewed saw weakness of the against the majority of the principal European cur¬ rencies, which continued after the political crisis in even Europe occasioned by the Austrian concession to German demands and the resignation of Foreign Secretary Eden from British the Cabinet in the last week of the month. The pound sterling, the guilder, and the Swiss franc reached their highest levels since the Tripartite Declaration of September, 1936, in the middle of the month, and held net gains over franc showed the month developments as particular a whole, while only the French weakness a as of political result Continent. The selling of dollar balances by foreigners continued in February fears at were the on a felt higher rate in than in January, as renewed Europe that the additional work relief appropriation asked for by the President and the modifica¬ $5.03% on Great Britain SUN DAY Feb. plete their pending trade agreement negotiations by late spring. An analysis of trade between the two countries in 1937, published by the Department of Commerce on Feb. 16, showed that United States merchandise exports to the United Kingdom increased during 1937 by 21% to $534,- cating oils. 9d. Feb. tion of the American effect Gold Price Paris Feb. British industry. On Feb. 16 United States Secretary of Commerce Roper said that the United States and Great Britain might com¬ verse on Im¬ ports of gold declined steadily with the slump in business which London Oven Market Feb. Administration made certain modifications in the United States gold sterilization policy. Feb. 14 the Washington On Mean Mean London Check, Rate clearly the need for increased exports and cated ally lead the his end of on press tentions to gold sterilization policy might eventu¬ further dollar devaluation. From $5.01% at January the pound sterling rose to a high of Feb. 16, before President Roosevelt's denial in conference of Feb. 18 of his Administration's in¬ either to inflate or devalue the temporary reversal of the movement. the guilder appreciated from dollar Over the $0.5591 to induced same $0.5616, a period and the Swiss franc from $0.2319% to $0.2330%, while the French franc remained relatively unchanged near $0.0329. The (Continued on page 57) Baltimore Stock Exchange MONTHLY AND YEARLY RECORD EXCHANGE RANGE OF PRICES ON BALTIMORE STOCK '' Stock Sales February Jan. 1 to Feb. 28 AGGREGATE 1937 1938 ■ 170,141 ... RANGE SINCE JAN. Since Jan. 1 BONDS Feb. 1938 BALTIMORE CITY BONDS- 100 336 • Public Impt 700 4a Sewerage Impt Ask Bid Lowest 11 id best Lowest Highest Sale Prices Sule Prices Sale Prices Sale Prices Feb. 28 1 Ask Ask Bid Bid 101 1940 189,500 46,950 3,500 10,000 1,000 1,000 23 Sale 22 A 5s flat 1975 25 Sale 2436 B 5a 1975 Finance Co of Amer 4%..1942 Interatate Co 1948 5% 1949 1,000 5%.... 1950 11,000 Read Drug & Chem 5>^s.l945 10,000 Shares STOCKS. Shares 2,172 1st Preferred ▼ t 1.335 357 1,110 2,674 1,100 210 217 * c 106 5% preferred.. Eastern Sugar Assoc com ... 12 3,285 Houston Oil 4,848 """427 645 98 265 — 100 1 Common class A 837 Merch A Miners Tranap 880 Monon W Penn PS 7% pref 28 383 70 Mt Vern-*oodI 32 236 27 Preferred 100 149 Northern Central Ry .10 725 Owings Mills Distillery ....1 • 503 Penna Water A Powei com . 205 10 * 24 Feb. 1 99% Feb. 16 1 16 64 Sale Sale % 1%, 15% Sale Sale 17,044 U S Fidelity A Guar. 60 Western National Bank .. 2 20 Feb. 17 Feb. 3 27 1 % Feb. 1% Feb. 28 3 1254 Feb. 16 153-6 1 7% Sale 36 92 9% 15% ? -g% 2% 2% 15 % 24 Sale Sale Feb. 64 Feb. 1 115 Feb. 5 634 Feb. 28 Feb. 17 1 10 99M Feb. 18 M 1634 3 1654 Feb. 23 2 Feb. 5 6% Feb. 34 Feb. 234 Feb. 4 7 Feb. 4 4 34 Feb. 254 Feb. 4 11 2% Feb. 2 234 Feb. 1 14 6% % 2% Sale 2% Sale 2% 234 " 2336 45"::::: 24% 11 1% 82% % Sale 86% % Sale 2% 44 2334 Feb. 11 9 234 Feb. 17 17 Jan. Feb. 17 9036 Feb. 15 Feb. 25 2334 Jan. 21 % Feb. 79 Feb. 25 27 Jan. 15 28 85 Feb. 24 20 9624 99% 9936 9934 101% Feb. 1 97 Feb. 16 9934 Jan. 27 97% Feb. 23 9936 Feb. 17 102 2434 Feb. 236 Feb. 28 45 4 15 17 3 Feb. 23 Feb. 1 36 Feb. 134 Feb. 28 3 1256 Feb. 7 Jan. 20 12 Feb. 16 Jan. 27 Jan. Feb. 23 Feb. 2 1756 Jan. 12 Jan. 11 Sale 4 11 2334 Feb. 234 Jan. 7 45 4 1136 Feb. 134 Feb. 14 19 7 Feb. 19 954 Jan. 134 Jan. 83 65* Y* 11 21 7 Feb. 9 17 5 1736 Jan. 34 Jan. 5 Feb. Feo. 2 Feb. 45 Jan. 3534 Jan. 936 Feb. Jan. 21 4 Feb. 4 Feb. Feb. 11 2 234 Feb. 7 1 17 11 14 13 34 654 34 234 Feb. 3 7 6 234 Jan. 1754 Jan. 2336 Jan. 25 15 14 Jan. 836 Jan. 1834 Jan. 7 9154 Jan. 3234 Feb. 954 Jan. 14 Jan. 1 3 10434 Jan. 634 Feb. 28 16 28 70 7 10 115 61% Feb. 11354 Jan. 1034 Feb. 1% Feb. ..... 10% 1% 21 Feb. 16 1 Feb. 14 16 Sale 14% 24% Sale 13% 2 3254 Feb. 9% Feb. ..... 6% 10 15 936 Feb. ----- 1534 Sale 15 54 Sale 34 7 834 Feb. 7 10234 Feb. Feb. 16 9% 72 13 % 32% 21 23 1 32 34 Feb. 25 10% Sale 1% 1% 93% 97 % Sale 1 234 Feb. 1534 Feb. 23 7 102" Sale" Sale 48 5 21 1734 Sale 10% 14% 25 Feb. Sale 6 8 Feb. Feb. 6134 Feb. 11434 Feb. 63% Sale \14% 114% Sale 1634 Feb. 25 15 23 16% Sale Sale Sale 15 15% 25% % 2% 6 26 Jan. 3 36 Jan. 7 12 8 Jan. 21 54 Jan. 24 Jan. 8 3 2% Jan, 8 1654 Jan. 2554 Jan. 15 12 Jan. 11 4736 Jan. 27 1154 154 9454 34 Jan. Jan. Jan. Jan. 15 21 7 3 3 Sale" 13% 66 Feb. 26 69 Feb. 66 Feb. 26 75 Jan. 72 Sale Feb. 1 72 Feb. 72 Jan. 21 72 Jan. 3654 Jan. 1356 Jan. 3236 Jan. 12 37 Jan. 10 21 6 31 1536 Jan. 17 10 33 1354 Feb. 1456 Feb. 23 Jan. 7 No par value (Continued from page 56) from President's declaration and Mr. Eden's resignation brought about a course decline in of trading sterling to on a low of $5.00% during the Feb. 21, but after the House of Com¬ approved the English official stand on Anglo-Italian on that day, the fall in the pound came to a mons conversations halt and sterling recovered to $5.01 7/16 at the day's close, The Swiss franc and advanced to $5.02 at the month-end. the guilder similarly declined from the Feb. 16 highs $0.2324 and $0.5593%, respectively, at the end of trad¬ ing on Feb. 21, and closed the month slightly higher. The French franc was maintained close to 152% francs and to pound during the first three weeks in February, result¬ ing in New York quotations ranging between $0.0327% and per $0.0331%. Fresh weakness occurred in the currency djuring month, when pressure against the franc became evident. This pressure was attributed to anticipa¬ the last week of the tions in 5 Feb. 9936 Feb. 23 99% Feb. 23 10136 Feb. 17 102 Feb. 2 17 26 Phillips Packing Co., pref. 100 25 95 Seaboard Comm'l Pref 5,647 Feb. 85 97 28 96% Feb. 99% Feb. ----- Mills Com 100 ..... 4,256 New Amsterdam Caaualtv..2 15,985 North Amer Oil Co com 1,362 6,555 Feb. 26 23 114 .100 Mar Tex Oil 13.324 518 Sale Sale Sale 65 .* common *i 1st preferred Second preferred 23,340 Y Sale I 100 preferred 110 Mfra Finance 3,840 3,600 % 1% 1 Preferred 778 Fidelity A Deposit ... 20 461 Fidelity A Guar Fire Corp. 10 142 Finance Co of Am data A...* 275 16 15% Black A Decker common ... 232 23 Feb. 79 99 34 101% 101% 25 Feb. 20 97 Sale 9936 .50 190 Brager Eisenberg Inc com..50 • 2,106 Conaol Gaa E L & Power 25 7.7 . Bait Transit Co com t t c...* 2,334 5,355 2,108 97 14% • 305 Atlantic Coaat L (Conn) 1,976 4,943 1,023 99 Sale 25 36 17 3 Par Arundel Corporation 3,313 205 96J4 5% Sale Feb. 21% Feb. 25 20 '79 Sale Bait Transit Co 4s flat.. 197* 91 17 17 112 91 Jan. 112 90% Feb. 17 10 17 26 117% Jan. 11634 Jan. ...1961 1,400 334® New Sewerage Imp..1980 9,400 Atlantic Coaat Line 6% ctfa_. Jan. Jan. 10 101 17 118 Jan. Jan. 118 1961 800 City 4a Dock Impt. "i',56o 1 Price Jan. 3 In February 9,400 117,000 24,750 3,500 9,000 1,000 $77,700 209,250 Jan. 1 to Feb. 28.277,350 PRICES IN FEBRUARY BALTIMORE STOCK EXCHANGE 1937 1938 $176,650 Bond Sales February. 89,691 107,377 — SALES 77 42,101 Shares_ of further franc depreciation the which had their origin 12,000,000,000-franc five-year armament program im¬ posed on the French Treasury, in addition to its already heavy budget expenditures, and in the possibility that any reorientation of French foreign policy required by the de¬ velopments in England and on the Continent would necessi¬ a realignment in the French Cabinet. The French sta- tate bilizatio fund apparently gave ground under the pressure of franc sales, allowing the rate to ease to 154% francs per pound in London and to $0.0325% in New York. In Latin America, February brought renewed weakness to several currencies. The outstanding development was the further depreciation of the Argentine free peso, which had, weakened abruptly to $0,2770 at the end of January previously maintained rate of $0.2910, apparently its owing in considerable part to foreign withdrawals of previ¬ ously acquired peso balances. While official Argentine peso buying and selling rates remained unchanged at 15 and 16 respectively, the free peso de¬ The Colom¬ bian and Uruguayan currencies fell similarly during the month, the former from $0.5650 per peso to $0.5465, and the latter in the free market from about $0.52 to $0.46. Quota¬ pesos to the pound sterling, clined to $0.2625 near the end of February. tions for the Brazilian milreis in New York continued to be nominal within do Brasil a range of $0.0580 to $0.0585, as the Banco maintained strict control of all exchange trans¬ exchange at a rate equivalent to $0.0578 while selling it at $0.0568. Changes in the gold holdings of the Bank of England dur¬ actions, buying dollar ing February were as follows: For the week ended Feb. 2, an increase of £26,061; for the week ended Feb. 9, an in¬ of £278; for the week ended Feb. 16, an increase of crease Feb. 23, Gold holdings on Feb. 23 stood compared with £314,333,820 a year earlier, mum of £150,000,000 recommended by the mittee, and with £136,880,252 in the Bank's £142,122, and for the week ended £51,218. increase of £327,181,245 with the mini¬ Cunliffe Com¬ statement just an at prior to the suspension of gold on Sept. 21, 1931. Details of the gold movement to and from the Port of New York during February were outlined as follows in the "Monthly Review" of the Federal Reserve Bank of New York for March 1: In connection with the Treasury's announcement on Feb. 14 of a modification of the gold sterilization program, (Continued on page 59) Boston Stock Exchange MONTHLY AND YEARLY RECORD -ft.' •' RANGE OF PRICES ON BOSTON STOCK EXCHANGE , Stock Sales 1938 February Jan. 1 to Feb. 28 SALES In 658,322 Jan. 1 % 1,000 9,000 575 60 60 PRICES IN FEBRUARY i«rA IHi 1948 Series B 5« 194P Series D 6s 1948 Shares STOCKS p„ 825 Amar Pneumatic Service ♦ 210 6% non-cum preferred 50 82 First preferred 50 ... 33,901 Amar Telep Ac Talag 100 10 Bigelow-Sanford Carp com..* 118 Bigelow-San Carpet pref.100 1,872 Boston At Albany.. 100 5,462 Boston Edison Co........100 2,515 Boston Elevated ..._Il00 1,697 Boston Herald Traveler Corp* 1120 Boston & Maine pref stpd.lOO 10 50 1,007 1,940 822 964 iio 242 5 5 1,770 2,770 1,515 800 35 35 238 220 11 203 45 210 11 - 120 66 66 1,063 1,328 Common ............ Preferred ... 150 SSI111 100 Prop Tr * ...100 common. 2,968 Calumet Ac Hecla 6,158 Copper Range Co 100 Bast Boston Co.... 680 2,218 100 502 899 609 226 216 25 25 ....._» 1,155 630 833 General Capital Corp... 429 429 Georgian Inc (The) A 580 Gilchrist Co 110 • pfd.20 ... 1,721 Gillette Safety Ra*or"Co" II• 170 Hathaway Bakeries cl A * 668 110 10 10 630 740 400 650 Helvetia Oil Co tr"ctfs"""l 15 Int'I Button Hole Mach Co. 10 " 1,595 3.795 Isle Royel ♦ Copper........ 210 140 275 '.If, 100 Preferred 5% 143 X Sale ▼ t c._.* 2,300 Mayflower-Old Col Copper.25 1,758 Mergentbaler Linotype • 27,516 Narragansett Rac'g Assn Incl """767 15,313 860 Nat Service Co com shs t C...1 1,240 National Tunnel & Mines..* 100 270 75 100 N E Gas & El Assn pref 7,190 New England Tel & Tel 2,980 116 New River Co Preferred 38 20 50 50 468 2,014 260 5 50 2,638 1,367 100 71 250 Old Dominion 1,020 Pacific Mills 200 395 2,835 218 5,670 890 65 2,50 ..lfO Co.........25 ioo 2d preferred 4,206 Torrlngton 60 ..25 Co ... ...... (New) ' 200 Union Copper Ld Ac Min Co 25 615 Union Twist Drill 5 5,682 United Shoe Mach .... Corp._.52 702 Preferred... 12,840 Utah .....25 Metal 8c Tunnel. . 1 50 Venezuela Holding Corp 1 127 Vermont Ac Mass Ry Co—.106 1.796 Waldorf System 1,749 Warren Bros No par value, .... deposit...__ 5,719 Stone & Webster Inc cap stk 170 Suburban Elec Secur com..* 50 111 560 III100 219 Reece Button Hole Mach_.19 150 Reece Folding Mach Co 10 4,979 Shawmut Assn TC_. 35 Inc... 82 Warren (S D) 8c Co x Ex-dividend. 1 * 1402* Sale 88 Sale Sale Sale Sale Sale Sale 2 83 65c 99c Feb. 17 Sale Prices 57 Feb. 17 23 63 57 2 1372* Sale Highest Sale Prices 4 51c Feb. 11 80c Feb. 21 4 12* Feb. IX Feb. 132* Feb. 25 142* Feb. 4 1402* Feb. 1272* Feb. 57 Feb. 17 60 Jan. 28 65X Jan. Feb. " 142* 21 51c 4 Jan. 6 15* Feb. 4 63 X Jan. 75 Jan. 1Y4- io % Sale 3X Sale Sale Sale 80c Feb. 21 ilS Jan. Feb. 3 13 1 §2* 4M m i* 6 "12" 10 70 80 1% 2% 7 Sale 4% Sale 35c 70c Sale 50 27% Sale Jan. 11 3 24 112* 15% 15 16% 27^1 IX'■ 6% 28c 2 72* 45c 45c 50c 18 22 ~13% "18" 6 IX 2 25c 24 Sale 3X 12Hc IX 4 25c 1X Sale 10 22* Sale Sale 5 30c "15" 202* Sale 22* 2p 10* Sale 91c 35 11 21 Feb. 15 21 Feb. 15 21 25 88 Feb. 3 85 Feb. 25 94 28 962* Feb. 11 92 5 124 1142* Feb. 492* Feb. 19 1 4 Feb. Feb. 24 502* Feb. 18 1 202* Feb. 32* 32* Feb. 24 22* Feb. 25 102* Feb. 16 Feb. 3 4 22* Feb. 8 4 Feb. 26 7 "42* 22* Feb. 32* Feb. 4 3 2 2* Feb. Feb. 42* 2 12* 42* 12* Sale Sale 3 1 8 Sale 52* Sale 75c 22* Sale 492* 50 28 2* sl* 3 82* Sale 52* 62* 35c 9 75c 22* 32* 492* Sale 272* 28 80c 12* 2 Feb. 3 3 5 Feb. 1 Feb. Feb. 3 Feb. 3 4 Feb. 25 2 Feb. 3 92* Feb. 60 Feb. 3 4 xi* 8 66 12* Feb. 23 72* Feb. 52* Feb. 70c Feb. 22* Feb. 3 4 24 1 48 Feb. 14 26 Feb. 3 Feb. 11 Feb. 25 92* Feb. 24 7 70c 3 Feb. 23 Feb. 24 Fetf. 25 Jan. Jan. 32* 32* Feb. 5 60 AM 53c 14 32* Feb. 17 20 12 Feb. 18 16 Feb. 27 Feb. 3 4 12* Feb. 10 62* Feb. 92* Feb. 12* Feb. 3 13 Feb. 16 182* Feb. 26 27 X Feb. 2 12* Feb. 23 3 Feb. 28 Feb. Feb. il» Feb. 7 7 Jan. 7 12 Feb. 18 155* Jan. 4 27 12* 62* 92* 15* Sale 29 24 Feb. 7 40c 48c 35c 50c 35c Feb. 10 35c Feb. 10 27c 40c 19 50c 40c Feb. 8 40c Feb. 8 40c 12* Feb. 1 15J* 22* 40c 23 Sale 15c 22* 182* Sale IX 20c 22 8 2 22* 7 15c 22* 22 24 92 Sale 10 5 60 70 22* 56c 40c 14 22* 55c Sale Sale 18 Feb. Feb. 3 12* Feb. 11 4 7 7 7 19 26 1 19 12* Jan. Feb. 23 Feb. 25 20 Feb. 10c 20 Feb. 21 42* Feb. 23 15c Feb. 12* Feb. 5 4 19 89 Feb. Feb. 4 68 Feb. 21 12* Feb. 7 16 23 Feb. 2 55* Feb. 11 15c Feb. 5 22* Feb. 19 23 Feb. 23 20 Jan. Feb. 35* Jan. 10c Jan. 15* Jan. 1 19 89 68 Feb. 21 65 AM Feb. 2 60c Feb. 9 5 Feb. 5 Feb. 15 3 972* Feb. 49c Feb. 4 3 5 3 35c 14 40c Feb. Feb. 8 32* Feb. 19 4 Jan. Jan. 12* Feb. 11 3 Feb. 42* 3 3 16 23 7 18 42* 152* 222* Sale 4 10 Feb. Feb. Feb. Feb. Jan. Jan. 132* Jan. 62* Jan. 18 Jan. 10 75 24 Feb. Feb. 19 12* Feb. 18 40c Sale 42* Sale 12c 4 23 232* 31 3 15* Jan. 28 4 25* Jan.. 11 212* Sale Jan. Jan. 12* Feb. 42c 6 31 14 4 8 4 .7 3 15 30c Feb. 15 30c IIU Feb. 24 Feb. 25 Feb. 7 122* Feb. 9 192* Jan. 28 22* Jan. 5 Feb. 1 19 19 232* 22* 92* 82* 75c 22* Sale Sale 2 92* 22* Sale 9 Sale 90c 75c 90c 75c Feb. 7 45 35 51 40 Feb. 19 Feb. 1 22* Feb. 17 92* Feb. 16 4 72* Feb. 22* Feb. 17 102* Feb. 23 92* Feb. 23 75c Feb. Feb. 15 Jan. 20 Feb. 1 22* Jan. 10 9 Jan. 5 72* Jan. 27 7 75 Feb. Feb. 7 5 14 5 40 Feb. 5 40 262* Sale 252* Sale 252* Sale 242* Feb. 14 26 Feb. 2 25c 35c 25c 35e 25c 242* Feb. 25c Feb. 18 25c Feb. 19 20 21 20 19 Feb. 3 202* Feb. 18 5 682* Feb. 28 392* Feb. 23 Feb. 3 18 19 3 682* Feb. 28 402* Feb. 9 382* Jan. 192* 712* Sale 382* Sale 392* 90c 95c 1 100 Sale 12* 20 Sale 32* 23 682* Sale 40 1 41 12* "72* "72* 32* 212* Sale Sale 90c 55c Sale 96 12* 107 Sale ■M 70 35c Sale 101 8 3 232* 90c 12* 82* 32* 27 96 Feb. 3 Feb. 3 Feb. 24 72* Feb. 22* Feb. 212* Feb. 4 4 1 71 Feb. 7 3 12* Feb. 97 Feb. 9 82* Feb. 24 32* Feb. 17 252* Feb. 23 25c 90c 1 Feb. Feb. Jan. Feb. 96 Feb. 7 Jan. 22* Feb. 20 Jan. Jan. 13 Jan. Feb. 18* Jan. 30 15* Feb. Jan. 10% Jan. Jan. 24 Feb. 35c Jan. Jan. Jan. Jan. Feb. 9 Jan. 22 Jan. 19* iVA 22* Jan. 26c 15c JM 23 8 30c Feb. 12 2* Feb. 32* Sale 20 68 3 9 13 22 4 102 19 3 22* 79c 5 35* 30c 162* 245* JM 20 22* 102* 112* 91c i^M 27 25c 202* 772* 412* 12* 12* 3 3 24 103 3 4 7 5 Jan. Jan. 26 Jan. Jan. SH Jan. 2* 27 35* Feb. 6 13 105* Jan. 11 11 AM Jan. 24 70c Feb. 3 Jan. 3 512* Jan. 7 302* Jan. 21 Feb. 14 23 4 Feb. 3 5 16 6 14 5 4 Feb. 26 4 25* Feb. 42* Jan. 11 32* Jan. 18 3 Feb. 3 5 Jan. 31 32* Feb. 25 122* Jan. 11 75 Jan. 6 IX Feb. 15 24 15 4 192* Feb. 32* Feb. 23 i§* 5 31 7 15 5 25* Jan. 32* Jan. 28 Feb. 25 21 Feb. AM 19 35 Feb. 5* Jan. 20 42* Sale 32* 5 30c 13 2 3 29 7 972* Feb. Feb. 45 Sale 172* 1 16 32* 12* 4 3 24 2 18 AM 25* Feb. 4 24 14 5 4 Feb. Feb. 2 8 11c 62* Jan. 42* Jan. 70c Feb. 23 22 222* 42* 23 48 14 18 IX 8 12* Feb. 26 18 ■"52* "62* 4 Feb. Feb. 23 Feb. 142* 182* Sale 292* 3 6 50 Feb. 13 92* Feb. 60 IX Feb. 15 18 192* 22 12* Sale 152* 18 20c Jan. 7 31 2 4 20 30c 40c 3 3 8 3 77c 112* 152* 162* Sale 272* 2 12* 7 72* 92* Sale 12* 2 2* 22* Feb. 22* Feb. 3 25 Feb. 22 8 20 Feb. Feb. 6 35 8 5 3 2 20 Jan. 22* Jan. 32* Jan. 22* Feb. 3 8 18 19 3 282* Feb. 25 12* Feb. 14 Sale 482* Jan. Feb. Jan. 4 1082* Jan. 12 1222* Jan. 3 56 Jan. 3 202* Jan. 3 Feb. 10 35c 17 Jan. Feb. "62* 65 12* 8 912* Jan. 118 Feb. 12 18 ii* 15 Feb. Feb. 9 32* Feb. 22* Feb. 25 "iF 7 22 14 Feb. 32* 70 3% 42* 32* Sale 10 25 aV* Sale 60 Sale 42c 502* 19H Sale 14 3 1275* Feb. 4 1495* Jan. 3 3 992* 922* Sale 122 19 lo 65^Jan!2l 85 85 32* 42* Sale * I.""* com 60 70 192* Lowest Sale Prices Highest Sale Prices 62 J* Feb. 57 60 AM Sale iB" n* 100 4,847 Pennsylvania RR 3,295 Quincy Mining Co 27 1,037 100 Sale 94 joo Certificates of RANGE SINCE JAN. Lowest Ask 70 Sale * . com 1,183 N Y N H Ac Hartford 23,720 North Butte.... 601 Old Colony.... $29,300 143,650 21 85 ..100 925 Mass Util Associates 225 • iiM 38 98 Loew s Theatres 548 Maine Central....... 50 , 60c 2 193* Preferred.......... Class B 60 70 X 80c .......100 Economy Grocery Stores" I* 2,598 Employers* Group Assoc T C* 57 IX 12% Feb. 28 Ask Bid 63 55c & Fuel Assn com 160 Bid 70 Preferred B__..........100 Adjustment HHIlOO 2,450 Eastern SS Lines, IncIIH. * Preferred * 50 """160 450 62% 80 100 698 150 515 5,386 60 72 X 78 740 +%% Cum Prior pref...100 684 6% Cum preferred.....100 740 Bast Mass St Ry Co 100 First preferred 314 388 551 Ask .108 Prior pref ioo Class A 1st pref stampedltO let preferred class A 100 Class B 1st pref stamped 100 Class C 1st pref stamped 100 1st pref class C 100 Class D 1st pref stampedlOO 1st pref class D 100 Boston Personal 99 Boston Ac Providence 150 Brown Ac Durrel Co 43 Feb. 1 1938 Bid 14,250 19,503 Jan. 1 to Feb. 28 1937 $10,000 22,850 Price 600 Share* 1938 Jan. 3 BONDS S 8,000 East Man StRR Bond Sales February 1,514,381 BOSTON STOCK EXCHANGE Since February 1937 309,068 745,198 Shares. AGGREGATE *. 82* 42* 252* Jan. Jan. Feb. Feb. Jan. Feb. Jan. Jan. Feb. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Feb. Feb. Jan. Jan. Jan. Jan. Feb. Feb. Jan. Jan. Jan. Feb. Jan. Jan. Jan. Feb. 13 7 16 26 13 23 14 12 10 7 31 14 26 28 23 27 15 12 11 10 11 5 18 23 6 26 21 12 10 5 27 20 11 17 10 7 17 23 12 18 5 17 18 5 12 31 10 3 7 6 13 23 RANGE OF PRICES ON PITTSBURGH STOCK EXCHANGE Stock Sales 71,141 342,055 194,247 AQGREQATB J 713,696 Jan. 1 to Feb. 28-- Since Jan. 1 February % BONDS 1949 Ask Ask Bid Bid Lowest Highest Lowest Sale Prices Sale Prices Sale Prices Feb. 28 Feb. 1 1938 Bid 2,802 Allegheny Steel 50 50 Ask 17% Sale ... 15% Sale 16% Sale 3 15% Feb. 108 Preferred... Feb. zl05 Feb. 24 Feb. 15 18 15 zl05 "§"::::: 2.072 Armstrong Cork Go.........* 5,807 Blaw-Knox Co * ..... 648 Byers (A M) 45 165 1.264 210 32 % 12 Sale 32*$ Sale 34 Sale 12 Sale 13% Sale • 7 7 657 Devonian Oil.............10 19 20 1.757 Duquesne Brewing 562 Follansbee Bros pref 1,685 2,455 5 100 ——1 .... Fort Pitt Brewing 66 Harb-Walker Refrac com...* 66 75 Horne (Jos) common \% 4 Feb. 24 Feb. 24 9 Feb. 8 Feb. 34% 13% 9% 1% 3 3 4 Feb. 3 4 Feb. 3 6% Feb. 4 8 Feb. 24 2 2 4 5 2% Sale 19% 12% Sale 8 70c 10 75c 10 Sale 12*$ 14 M JX 75c 85c Feb. 24 2% Feb. 2 20% Feb. 2 1 2 mmmm 660 1,477 Koppers Gas Ac Coke pref. 100 3,067 -.* 8,549 Lone Star Gas....... 1,200 McKlnney Manufacturing..* ..6 1.528 Mesta Machine... 9,299 Mountain Fuel Supply.... 10 5.714 Nat Flreprooflng Corp com.5 20 Penn Federal Corp common.* 10 4H% Preferred........50 2,616 1,054 1,500 4,000 1,000 500 682 35 70c Feb. Jan. Jan. Feb. 1 13 Feb. 12% Jan. 7% Feb. Jan. 18 Jan. 13 28 9% Feb. 80c 15 Sale Jan. Jan. 25 70c Feb. 24 7 3 58 5% 2 8% Feb. 1% Feb. 18 41% Feb. 25 7 3 Feb. Jan. 7% Jan. 1% Jan. 35% Feb. 5% Feb. Jan. 17 Feb. 18 Jan. Jan. 14 Jan. 18 2% Feb. 28 5% 6 2% Jan. 64% Feb. 100% Jan. 3 7% Feb. 1% Feb. 25 3 35% Feb. 7% Sale 1% 1% 5% Feb. 2% Feb. Sale 3 Feb. 6 2 IX 25 Jan. 24 15 Jan. 17 Jan. 12 Jan. Jan. 8 4c 6c 4c Feb. ii 5c Feb. 4c Jan. Jan. 10 ..........1 5c 10c 5c Feb. i 5c Feb. 5c Feb. Jan. 12 2% Feb. i 3 Feb. Preferred Renner Co ............. 3 2% 2% Sale 24 24 27 4§a 25 Feb. 24 IX Sale 86% Sale 7% Sale 7% 7% Sale 11 * Feb. 1 1% 2% IX -.1 84 1 8% Feb. 24 1 8 Feb. Feb. 18 1 6% Feb. 7 % Feb. 24 4 16% Feb. 79 80% Sale 8 11 II5 lc 2c 2c 3c 2c 2% 2% 2% 3 2% Feb. 18 .10 7 * 1,419 United Engine At Fdy 1,100 United States Glass..... 1,980 2,159 4,180 Victor Brewing Co...... 5.192 Westlnghouse Air Brake. 1,247 Westghouse El Ac Mfg.... lis .25 8 9 33 Sale Feb. Sale Is* 100% Sale 10 Jan. 10 Jan. 13 1 Feb. Jan. 2 J an. Jan. 10 14 14% Jan. Jan. 20 Feb. 24 lc Jan. 12 2% Jan. Jan. Jan. Jan. 3 Jan. 24 Jan. 12 4 33% Feb. 1% Feb. 7% Jan. 30% Jan. 1% Jan. 2 Feb. 17 31% Feb. 1% Feb. Sale 1% IX 8 3 3 60c 8 Feb. Jan. 14 Feb. Feb. 8 39 Feb. 39 Feb. Jan. 7 4 65c Feb. 60c Jan. Feb. 15 25% Sale 96*1 Sale 21% Feb. 4 21 Jan. Jan. 12 88 Feb. Jan. 10 112 Jan. Jan. 10 2% Sale 1% Feb. 1% Feb. Jan. 10 39 65c Jan. 7% Feb. Feb. 24 3 3 12 7 7% 9 30% Sale 1% Sale 60c 24 2c 12 Jan. Feb. 6% Jan. Sale 455 Vanadium Alloy Steel... III Feb. 24 79 16% Feb. 2 1% Feb. 2% Feb. 12 14% Feb. 23 1 ..1 Feb. 18% Feb. 21 2 2% Feb. 14% Feb. 23 -1 637 400 100 Jan. Jan. Jan. 1% Jan. 84 6% Sale 7 Jan. 3 Feb. 24 2% Jan. 22% Jan. 25% Feb. 7 340 Standard Steel Spring... 718 Feb. 21% Feb. 11% Jan. Feb. 21 % Feb. 35 2,100 San Toy Mining......... 5,411 8hamrock OH At Gas..... 1,000 6% Preferred ... ""iOO Jan. Jan. 13 7 4 15 29 6c 290 Reymer Ac Bros common. 200 Ruud Mfg.............. 1,622 Jan. Sale 3,050 50 100 900 Feb. 5c 200 430 Jan. Jan. 4c 209 1,087 Jan. Jan. Feb. 12 15 17 8 Phoenix Oil com........-25c Pittsburg Brewing—.......* 779 Preferred • 130 Pittsburgh Forgings.......l 111 Pittsburgh Oil At Gau.......S 1,353 Pittsburgh Plate Glass 25 * 4,018 Pitts Screw At Bolt Corp 965 Pittsburgh Steel Foundry..* 415 Plymouth Oil Co...........5 740 Jan. 19 3 1 40 Feb. Feb. 64% Feb. 18 68% Feb. 26 2 Feb. 100% Feb. 28 102 40 100% 101*$ 102 * I 1,167 118 Jan. 20% Jan. 24 554 Jan. Jan. 17 15 8 6 1% Jan. Sale 2 600 100*$ Sale Jan. 7 21% Feb. 24 35 Feb. cl05 Feb. ..100 66 Jeannette Glass preferredlOO 21% Jan. Feb. Jan. Jan. Feb. Jan. Jan. Jan. 20 3 19% Feb. 12% Feb. 14 7% Feb. 17 19% 12% 13 9% Sale 70c 75c 38 Jones Ac Laughltn St'l pref 100 19 Feb. Feb. Feb. Feb. 20% Feb. 50 ..... 30% 11% 8% 1% 7% Sale "527 150 CrandaU McK Ac Hend IX 4% 1% 4% 1% Sale 4 8% Sale 3% 323 Consol Ice Co Preferred....* 166 Copperweld Steel 10 776 217 Sale * 15.020 Carnegie Metals............1 1.845 Clark (D L) Candy ...* * 4.257 Columbia Gas Ac Electric 4,330 • 15% Jan. xl05 3% 6% 30% ]1% 8% 1 % 3% 6% ... 484 Highest Sale Prices Dec. 13 111 Mar. 4 108 107 ...100 125 Arkansas Nat Gat Corp „.._* 93 Preferred ..10 2,065 1 STOCKS Sharer 809 RANGE SINCE JAN. Price Jan. 3 *7,000 Pittsburgh Brewing 6s Shares $7,666 __ PRICES IN FEBRUARY PITTSBURGH SALES STOCK EXCHANGE In 1937 $1,000 2,000 February Shares Jan. 1 to Feb. 28 1938 Bond Sales 1937 1938 February 65c 70c 65c 22% Sale 93% Sale 60c 88 26% Feb. 4 100% Feb. Feb. UNLISTED. 10 Lone Star Gas *%% pref. 100 1 1,424 PennroodCorpvte 594 * No par value x 112 112 2X Sale (Continued from page 67) on Feb. 15 by $24,000,000, representing the net of gold Dec. 31, from acquisition be given for which he said credit must to the operation of the tripartite currency agree¬ ment. both sold to the stabilization fund to offset sales was in the previous year, than increased foreign and domestic sources, which had not previously been added to the gold stock. The inactive gold account (which forms part of the monetary gold stock) was reduced to $1,213,600,000 on Feb. 15 by the release from the account of $9,700,000, most of which 2% Feb. 10 Ex-dlvldend. the monetary gold stock of the United States was since 8 CONTINENTAL AND OTHER FOREIGN EXCHANGE francs showed French greater part of marked February. weakness Fluctuations throughout the were noticeably wide, as shown especially by the relation of the franc to sterling, which has been pointed out above in the resume It would seem that the stabilization to foreign accounts by the fund since of sterling exchange. and funds was the first of the year, further reduced by $13,000,000 on Feb. 26 to offset Feb. 15. Preliminary figures of imports during February show receipts of $1,100,000 from Australia and $275,000 from sales to foreign accounts subsequent to India. As result of the a above transactions and receipts experienced the greatest difficulty in moderating the pressure in the the Feb. France Canadian exchange fluctuated within narrow limits dur¬ of into G. F. Towers, at the annual meeting of Feb. 22, called attention to the fact that fluc¬ the Bank on tuations of the Canadian dollar during 1937 in terms of the United States dollar and the pound sterling were narrower Treasury to had drawn gold replenish the increased heavily from the Bank of fund. Later in the stabilization as a result of Chancellor Hitler's apparent dominance over Austria. was Bank of Canada, government which occurred at the end of January. month pressure ing February. Montreal funds ranged between a discount 3/128% and a premium of 5/64%. The Governor of the In the early part of the Renewed pressure was likewise due to the realization that of $7,000,000 .from foreign and domestic sources since 15, there was a net increase of approximately $18,000,000 in the monetary gold stock during February. undergone by the franc. month pressure developed as a consequence of the changes clear that French funds had other currencies, into a Throughout February it strong tendency to move guilders, Swiss francs, and especially sterling. On Feb. 8 the new Finance Minister, M. Paul Marchandeau, announced that sweeping financial reforms designed to restore confidence and aid French busi(Continued on page 63) ,:.r Detroit Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON DETROIT STOCK EXCHANGE Stock Sales— February.... SALES AGGREGATE In Shares STOCKS 4,699 16,736 Baldwin Rubber common.. 1 590 Bower Roller Bearing Biu Feb. Ask % Sale %i Sale, 65/* 5 6,727 Brigga Mfg Co common. * 3,851 Burroughs Adding Mach. 11,264 Burrv Biscuit Corp 12He 7,734 647,826 1,323,229 RANGE SINCE JAN. 1 3 1938 Par 5,540 Allen Elec & Equipment 1 14,125 Auto City Brewing common. * 1,611 ---..Shares. Price Jan 1,900 3,650 ~2l686 1937 1938 Jan. 1 to Feb. 28 PRICES IN FEBRUARY DETROIT STOCK EXCHANGE Jan. 1 Shares Stock Sales » 693,777 206,484 Since February 1937 1938 - ..Shares. Sale 1 57c 7% J 16 20 1% 2% 8 22% ----- h Highest Lowest Highest Sale Prices Sole Pries Salt Prices 8 2K 1 Feb. 16 7% Feb, Sale Feb.. 5 8% Feb. 23 20% Feb. Sale 1 50c 1% 1% 4 24% "Feb" 23 18% Fej. 15 1% Feb. 59c Feb. 17 26 18% 2% % Jan. % Jan. 2 18 22 16 2 Ask 53c 59c 20 "16"' III" Lowest Sale Pnces Feb. 28 1 Ask Bid Bid 7 5 4 7 28 17 Jan. 26 Feb. 3 Feb. 18 2 Feb, 3 3 Feb. 23 2 59 Feb. 23 48 Jan. 15% Feb. 2 14 1% Jan. % Jan. 19 15 Jan. 9% Jan. 21% Jan. 15 26 Jan. 15 20% Jan. 3 % Jan. 13 62% Jan. 15% Feb. 1 % Jan. 4% Jan. 15% Jan. Jan. 18% Jan. 20% Jan. 18 Sale 3 3 17 2 3 17 27 10 11 Chamberlin Metal Weather Strip Co Chrysler Corp common.... 5 3,006 Consolidated Paper com in 2,486 - 5 common 2ll34l "91118 500 Continental Motors com._ 350 Crowley, Milner & Co com. ""Ho I • 48% Sale' 14 Sale IK Sale 3 K 3K 528 Cunningham Drug Sts..2.50 185 Deisel Wemmer Glib " 6~,605 "i",66o Paper Products..... .1K Sale 93% 1% Sale 2 K Salo 2% 3 Steel Corp com 12 Edison IP" com Gray Iron Fdy Mich Stove 1 I common. .5 17 700 Eureka Vacuum Cleaner...." " 1,225 1,163 2,905 Ex-Cello Corporation 2,780 federal Mogul common.... 1,755 Pederal Motor Truck com 400 200 federal Screw Works " "l',395 4,101 """ioo ""loo 2,035 10,516 7,100 5,356 5,025 30,216 23,955 31,843 8 * 2% I IK 1 620 13 542 1,475 18 3% 29% I 3 Sale I IK % Sale K * 2 K 7% common. com Hoover Steel Ball in com 10% Hoskins Mfg Co common.2.50 "3",620 2.714 Class B * 7 21,591 6,875 7,954 1,400 2% ... 8,815 2,450 3,625 225 56 Kingston Products Corp I Kinsel Drug Co com.......I Kresge (8 8) Co com in Lakey Fdy & Mach I common 141 Mahon (R C) class A pref..." 3,170 11,110 450 Masco Screw Products..... 1 750 McAleer Mfg Co com........ * 20,861 McClanahan Oil Co com.... I 5,423 1,600 8,450 McClanahan Refineries..... 990 990 Mich Steel Tube Prod 700 1,550 1,390 4,705 4,855 31,456 600 1,900 1,870 9,090 Michigan Sugar com...... ■ . Preferred. l« Mlcromatlc Hone Corp.....i Mid-West Abrasive 19,525 Murray Coro .!<' common.. 19,795 Packard Motor Co 10,052 Parke Davis Ac Co "i",320 ' com com. 2.50 4,208 Parker Wolverine Co com 17,683 Peninsular Metal Products. 3,570 PfMffer Brewing Co com 4,044 Prudential Investing Corp 6,910 955 • 675 1% IK .8 Sal* 1% 12.344 298 210 5 5% 4% 2 • .. 17,000 Ttvoll Brewing Co > 1,210 1,607 Union Investment Co com.. 3,865 United Shirt Distributors. United Specialties com ""loo """loo 700 2,000 10,763 4.328 For footnotes see page 61. 2/v 3% Sale _ 21% 8% 8 52c 2% 52c 16 1% 1% 93% 1% 2% 3 28 4% 1% Sale 34% 12% 9% 2% 1% 8% 3% 35 Sale Sale 3% 13% 14 Feb. Feb. ----- Sale 26% 3% 34% 3% 1% 2% Feb. 2% Feb. 15 19% Sale Feb. 1 1% Feb. 9 2% Feb. 10 3% Feb. 21 Feb. 15 Feb. 10% Feb. 9% Feb. 3% Feb. 12% Feb. 26 1 Sale 2 75c ----- 1% 65c 2 % 16 Sale 24 3 18 90 10 3% 4% 1% 1% ----- 5% 3 K 7K Sale 5% 4% 5% .11 "34" <25 3% 4H 1% 2 % Sale - 110 Sale 5% 4% 34 Sale 5% Jan. 15 12 16 13% Jan. 10% Jan. 4% Jan. 4% Jan. 1 % Jan. 10% Jan. 5% Jan. 3 7% Jan. 12% Feb. 3% Feb. 29% Jan. 25 10% Feb. Feb. 4 6% Feb. 23 Feb. 25 Feb. 4 Feb. 23 Feb. 26 Feb. 10 1 10 4 70c Feb. 16 2% Feb. 14 3 Jan. 3 1% Jan. 21 % Jan. 5 2% Feb. 3 12 12 10 12 13 11 12% Feb. 25 4% Jan. 11 38 Jan, 3% Jan. I % Jan. 70c 15 11 10 Feb. 16 11 7 3 Feb. 17 7 3% Jan. Feb. 5 11 Feb. 3 10 Feb. 5 12% Jan. 17% 13 17 16% Feb. 2 15 Feb. 17 Jan. 12 8% Jan. 4 7 Jan. 3 11% Jan. 9% Jan. 13 13 % Jan. 6 % Jan. ^ 2% 15 3 3% Jan. % Jan. 18% Jan. 10 10 12 12 10% Feb. 14 8% Feb. 23 7% Feb. Feb. 60c 25 3 2% Feb. Feb. Feb. 10 2% Tan. 17 50c Feb. 59c Feb. 25 50c Feb. 3 17 Sale Feb. 18% Feb. 2% Feb. 15 3 16% Jan. 2% Feb. 3 3% Jan. 19 Feb. 11 18 9 1% Feb. 1% Feb. 1 4 lO 17 2% Feb. 19% 1% 18 1% Feb. 1 1 Feb. Feb. 1% 37c 97c Feb. Feb. 6 Feb. 62c Sale ----- Feb. Feb. 1 37c Feb. 1 Feb. 1 7% Feb. 14 6 7 4 Feb. 14 1% Jan. 1% Jan. 42c 5 4% Sale Sale Jan. 27 6 1% Jan. 11 Feb. 4 14 2 7% Feb. % Jan. 5 5 Feb. 21 66c Feb. 24 62c Feb. 5 Feb. 21 4 4% Feb. 1% Feb. 1% Feb. 26 10 9 3% 3% 1% 1% 18% 12% Jan. Jan. Jan. Jan. Jan. Jan. Feb. 1% Feb. 1% Feb. 6% 5% Feb. 3 6% Feb. 23 4% 37 18 10 Sale 37% 4% Feb. 32% Feb. 1 4% Feb. 37% Feb. "9% "Feb". 16 "16% Feb." 11 2% Sale 6% Sale 1% 2 2% Feb. 6% Feb. 1 % Feb. 2% 3% 3% 3 % Feb. 21 18 18 2% Feb. 21 3 Sale Sale 18 20 94 90 Feb. 12 12% 11% Feb. ' Sale 109 105 4 Feb. 14 Feb. 25 3 Feb. 9 Feb. 3% 25% 2% 18% 28 3 Feb. 2% Feb. 6% Feb. 2% Feb. 2 25 3 9 28 9 2% Feb. 24 3% Feb. 23 3% Feb. 1 27 Feb. 8 3% Feb. 24 6 % Jan. 3% Feb. 75c 5 19% Jan. 1% Jan. 5% Jan. 10 3% 21% 5 3 21 93 Sale Sale 6% 25 27 10 109 • Sale Sale 5 10 3% 8% Sale 3 4 4% 1% Sale ----- 10 Jan. Feb. Jan. Jan. Feb. Feb. 56c 52c Sale 2% 3% 3% Jan. 3% 4% 1% 8% 2 8$ Sale 3% 3% 1% ,1% 2 11 13 16 14 18 10 6% Sale 5% 2% 3% Jan. 3 % Jan. 24 3 Feb. 3 Feb. 38c 97c 2 % 5 12 11 Jan. Jan. 12% 3% 36% 3 % 1 % Feb. 44c 16% "II" 3 8 Jan. 2 15 3% Feb. 12% Feb. 25 3% Feb. 14 3 31% Feb. 9 Sale 4% Sale Jan. 2% Jan. 3 8 1% Feb. 24 15 Sale 4% 32% 2 3 1 % Jan. 16 108 Jan. 10 9 Sale 7 Sale 10% Feb. 1% Jan. Feb. 10 1 % Feb. 13% 3% Sale Sale 16 97c 6% 1% Jan. 90 4 5 1% Feb. 17 2% 1 Feb. 14 20 57c 60c 3 1% Jan. 3% Feb. 34% — 2% Sale Feb. 8% Feb. Sale Sale 2% 10 58c 60c 14 95 1 % Feb. 7 16% ----- "3% "Feb" 18 1% Feb. 3 1% Feb. 90 5% Sale 10 4 60c 69c ~3% Feb"." 18 5% Feb. 10 18 1% 94 2 Sale 3% Sale 13% 14% 38c * • Feb. Feb. ----- 97c 4 * 12 3 75c 24 i n ----- Sale lo Universal Cooler c1*m A 9% 3% 1 Sale Q Va • common U S Graphite Co.. U S Radiator com.... 62c 5% •» Tlmken Axle com........ I Preferred 145 |o< 65 Sale 2 3% 3% 3,123 5,864 4% Sale ? com 3% 1% ---- 32 14% 9% 4% 1% 31,363 Standard Tube Co class B._ 1 614 Stearns (Frederick) com.. * 418 5% cum part pref......100 1,049 Sale 9% S 725 Scotten Dillon 33 50 x\A 1% 3% 15% 9% Beo Motor com.. 4,686 796 276 3% Sale Sale 1% 3% 65c % 7% 4,780 Rickel (H W) fit Co common 4,625 River Raisin Paper com... 2,345 19% 1 % 3% Sale 6 I . 1,271 18 5% 26% 17% 2% 2% 30 ...... 510 Parker Rust Proof % Sale % 15 50« com 130 Muskegon Piston Rg com 2.50 6,323 5,053 Sale %6 Sale I 2.50 Moore (Tom) Distillery Co.. i 100 Motor Products Corp com.. 350 Motor Wheel com........ 5 "4", 157 732 "~8" "10% 18,497 Hudson Motor Car 11,244 Hurd Lock fit Mfg Co com..I 3,955 Sale 9% 2% 9K 12 16% Houdallle-Hershey class A.. * 716 ----- 1% Sale Sale 15% 1% ----- — Sale 12 4 Sale I Home Dairy class A "1,854 Sale 34% Graham-Paige Motor 2,220 Hall Lamp ""412 4% IK Goebel Brewing Co com 2,070 Grand Valley Brew 615 26K • com 15 9 • General Finance Corp com I General Motors com u» "4% 1% 2% 2 % 12% 3% — 8 5K 6% 53% zl4 95 10% Sale com. Gemmer Mfg Co class A Class B Sale 16 3 9% * 20,310 Gar Wood Industries com...3 11% 1% ----- 4 3 3,620 Prankenmuth Brewing com 1,440 Fruehauf Trailer Co com 1,070 3% 14 10 Detroit & Clevel Nat com.Jd 1,846 Detroit 8,615 Detroit 16,584 Detroit 12,710 Detroit 1,180 Detroit 1,134 1,800 2,490 3,320 125 com.. 5% 54% 15% Jan. 4% 31% 17% 9% Jan. Jan. Jan. Jan. 10 3 3 25 27 % Jan. 4 7 28 3 2 4% Feb. 26 2 Jan. 11 1% Jan. 18% Jan. 13% Jan. 25 13 4 28 3 6 Jan. 17 Jan. 28 5% Jan. 11 ,5* 37% Feb. 25 20% Jan. 11 Jan. 20 Jan. 3 5% Jan. 1% Feb. 29 3% Jan. 6% Jan. 11 18 2% Jan. 15 5 2% Jan. 11 2 2% Tan. 3% Feb. 3% Jan. 22 12 11 4 4 Jan. 12 3 4% J-n. 10 Jan. 5 27 Feb. 8 3 4 Jan. 2 2% Jan. 18% Feb. 9 22 Jan. 10 14 13 20 Feb. 1 90 Feb. 1 90 Jan. 13 90 1 Jan. 2 12% Feb. 9 10% .Tan. 4 14 Jan. 12 20 9 105 Feb. 9 4% Sale 3% Feb. 4 4% Feb. 24 3% Jan. 28 107 Jan. 3 4% Jan. 5% 4% 5% Sale 5% Feb. 2 6 Feb. 15 5% Jan. 28 4 h 3 4% Feb. 2 3% Jan. 3 4^ ----- 3% Feb. 4% Feb. 2% Feb. 1 17 5 3% Feb. 3% Feb. 4 Feb. 2 Jan. 5% Jan. 3% Jan. --- — i- Feb. Jan. 6 6% Jan. 5 Jan. 11 5 34 3% Feb. ~4% ""4% 2 % 105 Sale 4 Feb. 2% Feb. 1 17 12 . AQGREGATB In Since Jan. 1 STOCKS . Ask Bid 100 1%s 100 82% Preferred % 30c 30c 25c % 5 5A 82 2% Feb. A Feb. 5 A Feb. 3 Sale 4 2 28 1% Feb. 2A Feb. 910 4,525 Sale Feb. 11% Fee. 130% Fee. Sale 1% Sale 1,671 2,952 4,864 Naah-Kelvinator Corp...—5 100 5,891 NY Central RR .15 1,097 Socony-Vacuum Corp 1,319 Standard Brands Inc—.—* 401 556 * No par value. a "1% Sale 10 17 A 9% Sale Sale 9% Sale Sale Sale 18 A '15A Sale' "8A Sale" r Sold Deferred delivery sales. 6 13% Jan. 11% Jan. 31 Jan. 130% Feb. 4 149 24% Jan. 5 24 % Jan. 12 Jan. 14 9% Feb. 1% Jan. 42% Jan. 15 10 10 12% 19% 16% 9% 10 10 11 12 5 5% Feb. 28 Feo. 15 Feb. 1 1A Feb. 9% Feb. 1A Fee. 1 15 1 4 13 4 140 1% Feb. 1 9A Feb. 15 1A Feb. <14 1% Sale 'I A Sale 1 9,570 Hupp Motor Car Corp 75 Kennecott Copper Corp.—* 17% Jan. 21 31c 13 20 Feb. 2% 1% 3% % 6% % Jan. 2% Feb. A Jan. 10 14 Jan. 13% Jan. ...* 200 Consolidated Oil Co 200 3,040 13 17 Jan. 2 "2% "Feb. "26 28 100 Borg Warner Corp com.....5 Commonw 8c Southern Corp Jan. Jan. Jan. Jan. Jan. Jan. 20 Feb. 88c 18 14 6 13 80 A 139 % 110 294 Amer Tel 8c Tel Co Highest Sale Prices 12 25 % 12 Lowest Sale Prices "2" Feb"." 10 2% Sale 2% 2% 2% 2 Highest Sale Prices 25 2% 90c Sale Unlisted Dept.— American Radiator........ 2,200 121 99c % Sale 547 Young (L A) Spring 8c Wire. • 1,400 2% 2% saie Lowest 4s* 20 25 20 20 17 , Class B • 2,495 18,270 Warner Aircraft Corp com. 1 ..4 2,595 Wayne Screw Prod com 3,800 Wolverine Brewing Co com.. 1 1,200 Wolverine Tube Co com....2 Ask Bid Bid Sale Prices Feb. 28 1 Feb. 1938 Shares 172 Walker 8c Co clasr ' 4,055 1,185 1,800 1 Jan. 3 February "l~,245 JAN. Price STOCK EXCHANGE Shares RANGE SINCE PRICES IN FEBRUARY ' DETROIT SALES 61 STOCK EXCHANGE DETROIT March, 1938] 9A 15% 14% 7% 10% 19% 15% 8A Feb. Feb. Feb. 4 Feb. 26 1% 9% 1% 42% 4 2 Feb. 1 Feb. 15 Jan.J 4 Jan. 10 9% Feb. 15% Feb. Feb. 16 Feb. 23 Feb. 9 Feb. Jan. 14 28 7% Feb. 26 12 5 Jan. Jan. Jan. Jan. z Ex-dividend. Auto City Brewing common, Feb. 7, at 62c. for casb Cash sale in which no account is taken in computing range: Philadelphia Stock Exchange MONTHLY AND YEARLY RECORD EXCHANGE RANGE OF PRICES ON THE PHILADELPHIA STOCK Jan. 1 to Feb. 28 - February 963,073 Jan. 1 to Feb. 28 February Jan. 1 . BONDS 56,500 Elec 8c Peoples tr ctfs 4s.l*4* 1948 1,000 Lehigh Valley 4s 1,000 Pennsylvania 4%s.......1965 4,000 Peoples Pass tr ctfs 4s...1943 STOCKS Shares 794 4,157 3,361 7,352 622 851 917 1,655 1.695 4,843 10 335 3,316 1,539 10,913 120 375 900 5,103 1,666 17,100 28 85 American Tel 8c Tel....—100 10 Co Bell Tell Co of Pa pref 20 100 Budd (R G) Mfg Co... ...» .........100 Wheel Co • Budd Chrysler .....—5 Corp Curtis Pub Co Horn 8c Hardart (N Y> com..* *954 Lehigh Valley.............50 Mitten Bank Sec Corp 25 Preferred. .......25 961 9,599 6,232 22,947 17,664 27 52 200 2,151 1,061 6,850 60 540 555 289 442 35 1,431 1,018 1,037 66,886 480 75,579 1,168 61 101 700 1,709 1,100 5,087 9 9 372 930 ■-:'r" 755 350 18,553 621 154 343 * nto par. RANGE SINCE JAN. 1 35 321 343 * * Nat'l Power 8c Light Pennroad Corp vte ......50 Manufactur'g-50 Pennsylvania RR Penna Salt Penn Traffic com....—..2% Phlla Elec of Pa $5 pref.....* —25 Phila Elec Pow pref * Phlla Insulated Wire Transit..—-50 ...50 Philadelphia Trectlon...—50 Phlla Rapid 7% preferred 18% 25 10% 8 8% 144% Sale 15 15% 115% 118 4% Sale "3% Sale" 47% Sale 26% Ask 8 7 6 18 10% Salt Dome Oil Corp Scott 1 ....* Paper..... Bridge....* Tocony-Palmyra ~4% ~~4% 54% Sale 22% 3% 5% 23% 4 Sale 1 1% 1% Sale 7% Sale 2fh 128 Sale Sale 145 Tonopah-Belmont Devel Sale 3% Sale 7 5% .........50 United Corp common.......* Preferred................* com.......* ...__* Westmoreland, Inc........ Coal........* Westmoreland Ex-dividend. a 7% Sale 2% 21% Sale Sale 2% 22% Sale Sale 11 25 9 15 Sale Sale 30 % % 4% Feb. 50% Feb. 6 2% 2% 27% 3 Sale 28% 10 Sale L05% Sale 9% 10% 9% 9% 28 4 3 71 Feb. 25 3 2 4 3 7 27% Feb. 31% Feb. 16 4 145 4 104 Feb. Feb. Feb. 8 1 7 1 2 6% Feb. 3 Feb. 1 19% Feb. 4 2 135 5% 43% 4% 58% 6% 30% 41% Feb. Feb. 1 1 10% Feb. 140% Feb. 23 18% Feb. 23 15 119 Feb. Feb. Feb. Feb. 11 2 Feb. Feb. 28 Feb. 25 1 Feb. 8 1% Feb. 7% Feb. 25 2% Feb. 21 23% Feb. 25 Feb. 23 Feb. 15 2% Feb. Highest Sale Prices 5 A Feb. Feb. 71 11 7 25 71 Jan. / 4 Feb. 25 Jan. 24 101 Jan. 24 Jan. 13 Jan. 13 20 11 115% Feb. 2 32% Feb. 26 4 Jan. 11% Jan. 4 149% Jan. Feb. Jan. 28 18% Feb. 4 119% Jan. Jan. 3 4% Jan. 6% Jan. 42 Jan. 26 43% Feb. 3 3% Jan. 5% Jan. 3 47% Jan. 63% Jan. 6 Feb. 7 7% Jan. 3 26% Jan. 30% Jan. 3 29% Jan. 41% Feb. 8% 127% 14% 116% 100% 21% 3% 4% % 1% 6% Jan. Feb. Jan. Jan. Jan. Jan. Jan. 29 2 Jan. 27 19% Jan. 28 135 15 Feb. Feb. Feb. 17 Feb. 26 4 Feb. 7 Feb. 8 Feb. 19% Feb. 2 Feb. Feb. At % % 1% Feb. Feb. Feb. Feb. 14 Feb. 2 Feb. 15 Feb. 1% 3% 5% 2% Jan. Jan. Feb. Feb. 10% Jan. 37% Jan. 28 Feb. 15 I,;-. 15 Feb. 18 Feb. Feb. 18 8 9 Feb. 19 9 Feb. 7 Feb. Feb. 23 Feb. Feb. Feb. Feb. 24 2 23 3 7 Feb. 11 23% Jan. 5 4% 6% 1% 1% 8% 15 19 Feb. Jan. Jan. 7% Jan. 2% Feb. 2 5 4 7 8 14 3 11 7 24% Feb. 42% Jan. 29% Jan. Feb. ib Jan. i Feb. Feb. 18 Jan. Jan. 32% Feb. 6 At Jan, % Jan. e" Feb. Jan. 2% Feb. 11 116 16 Feb. Feb. 28 Feb. 25 Jan. 12 Jan. 8 Jan. 12 2 A Jan. 30% Jan. 4 140 Feb. 18 3 5 3 3 3 4 9% Feb. 101% Feb. 26 5 26 18 17 1 6 Jan. 18 8 24% Feb. 14 1 42% Feb. 28% Feb. 26 Feb. 11 104 29% Jan. 15 2% Feb. 2% Feb. 10 6 Feb. 112 19 16 2% Feb. 17 17 4% Feb. Feb. 27 1 Feb. 26 2 Feb. 2 Feb. Feb. 23 9 Feb. Feb. 25 3 Feb. 22% 4% 6% 1% 4 140 1 13% Feb. 38% Feb. 28 28 % Feb. 117% Feb. 4% Feb. 43% Feb. 3 2% 3% 2% 3 112 114% 114% 115% 116 30% 30% Sale 30% 31% 18 21 19% 17% 21 2 2 Sale 1% 2% 4 Sale 4 Sale 3% 5% 5% 7 5% 7 2% 14 Feb. 127% Feb. 1% Feb. 135 155 28 Includes 647,269 rights. 31 Sale Sale 41 3% Sale Sale aft' 31 28% Sale 10% Sale 105% 106% 10% 9 10% 35 Sale Sale Sale 2% Sale 1% 'A Sale 2 ""4% 53% 6% 30% 1 Preferred................. Preferred.... Feb. Lowest Sale Prices Highest Sale Prices 6 Feb. 3 20 104 13 29 1 .... Sale 37% 1 Tonopah Mlnind United Gas Impt 5% Feb. 105% 109% 102 21 21% Sale 23% 21% 3% 4% 3% 4% Sale 6 5% 5% 6% 135 2% 3% 115% Sale 29% Sale 21 18% 2 27 J* 33% Transit Invest Corp Union Traction Lowest Sale Prices 17 10% Sale 9% Sale 137% Sale 140% Sale 15 15% 17% Sale 118% Sale 117% Sale 4% 5% 5% Sale 102 102 Reo Motor Car Co......... 372 2,555 3,748 1,206 45,425 1,246 Feb. 28 Ask Bid 101 95 (Phils) com.* 181 651 1 71 Horn AcHardsrt Lehigh Coal Ac Navigation..* 2,025 1,862 6 Sale 29% Sale Battery....* Electric Storage 486 162 8 General Motors...........10 1,167 1,126 6 Bid common.....* 150 200 Ask Preferred. 657 325 119,400 Par American Stores.. Barber Feb. 1938 Bid $ Shares 62,500 Price Since 38,500 1,000 $65,300 Jan. 3 In % 1937 —$39,500 PRICES IN FEBRUARY PHILADELPHIA STOCK EXCHANGE SALES AGGREGATE 1937 473,073 .458,492 Shares„ 1938 Bond Sales 1938 220,825 Stock Sales February 18 6 8 2% Feb. 26% Jan. 28 4 3 Jan. 3% Jan. 32 Jan. 11% Jan. 26 106% Jan. 19 10% Jan. 7 9 A Feb. RANGE OF PRICES ON THE SAN FRANCISCO STOCK EXCHANGE Stock Sales Shares Jan. 1 to Feb. 28-.-.. AQQREQATR SALE February $ 1,381 590 195 170 125 700 170 2.260 11** 14*4 12** Sale 185 com ......... 20 ...20 780 775 1,375 820 1,588 3,149 125 20 10 1,187 2,160 5 common. 593 Claude Neon Blec Prod.....* * 403 Clorox Chemical A 130 Coast Cos Gas&El 6%lstpfl00 Chemical 1 20 21 21 19** 19*1 Sale 48*4 50*4 91** Sale 46*4 48 99** 100 46*4 47*4 6*4 8 27*1 32 101*4 103 17*4 "" Highest Sale Prices 101 7 101 Jan. Jan. 7 17 107*4 Feb. 17 17 57** Feb. 17 107*4 Feb. 57** Feb. 8 186 aW 12** Feb. 1 Feb. 2 15 3*4 6** 184 5*4 Feb. Feb. Feb. Feb. 19* Sale 22 20*4 22 20 Feb. 20*4 19*1 44 3H 11*4 20*4 3*4 9** ** 36*4 Feb. 24 Feb. 16 Feb. 17 22 20 Sale 48 Feb. Feb. 36*4 20 49 40^ seU 20*4 Sale 94 97** 43*4 44 J* 101** 101*4 54*4 Stale 21X 91* 48** 93 17 Feb. 3 Feb. 19 Feb. 16 2 16 93*4 Feb. Sale 24 Feb. 4 40 2 13*4 Feb. 15*4 Feb. 17 25 7** Feb. 15 5 19 189 Feb. 5 5*4 Feb. 17 4 19*4 Feb. 23 3 3 4 Feb. 3 20*4 Feb. 20*4 Feb. 24 3*4 Feb. 16 9** Feb. 17 ** Feb. 19 36*4 Feb. 16 22H Feb. 23 49*4 Feb. 24 94*4 Feb. 24 48** Feb. 28 Feb. 24 102*4 100*4 Feb. 11 102 Feb. 4 54*4 51 58** Feb. 23 Feb. 24 7 8 7*4 7** 8** 7** Feb. 9 30 36 35 105 Feb. 14 106*4 Feb. 15 104*4 103*4 106 15** 16** 14*4 15*4 11*4 Jan; •' 5 Jan. 4 14 2?* Jan. 26 3 6** Feb. 184 9** Jan. 10 19*4 Jan. 6 Jan. 21 17 21 9** Feb. ** Jan. 36*4 Jan. 19*4 Jan- 26 3 16 Feb. 3 4 91 J* Jan. 40 100 50 25 4 19*4 Jan. 24 3*4 Feb. 16 48 18 14 Feb. 4 Jan. 19 190 5 5*4 Jan. Feb. 5*4 Feb. 16*4 Jan. 20 13** Jan. 49 Jan. Feb. Jan. Jan. 7** Feb. 9 30*4 Jan. 31 31 6 Jan. h 10 Jan. 11 Jan. 12 36M Jan. 26 12 24 Jan. 50 97 Jan. 11 Jan. 52** Jan. 27 20 Feb. 24 4 102 5 Jan. 20*4 Jan. 4 7 14 62** Jan. 8 Feb. 32 15 24 Jan. 10 18 Jan. Jan. 4 106*4 Feb. Jan. 19 18 15 19 29 29*4 104 Jan. 26 103 Industries Inc class A partlcpref....* 28 1,944 1 1,594 Creameries of Amer (new) 4*4 15 Crocker First Nat Bk 8P caplOO 208 23,471 CrownZellerb Corp com (new) 93 Preferred (new) 2,010 643 4 2,456 D1 Giorgio Fruit Corp com. 10 Preferred 810 .......100 23 4 1,380 Doernbecker Mfg Go....... 802 El Dorado Oil Works cap...* 4,984 Emporium Capwell cap.....* Preferred ............50 1,860 3,276 Emaco Derrick Ac Eq Co cap_5 40 Ewa Plantation...........20 40 Fireman's Fund Indem cap 10 1,420 Fireman's Fund Insur cap 25 5,364 Food Machinery Corp eom.10 2*4 1,515 Foster & Klelser com.. Class A preferred 25 40 Galland Mercantile Laundry common (capital) ........* 155 9,265 General Motors...........10 3,949 General Paint .Corp com * 1,145 5,869 Preferred. J.......... ...* 505 2.586 Gladding McBean Co com..* 8,692 Golden State Ltd cap......* 1,020 1,560 2,645 2,048 Hale Bros Stores, Inc, cap..* * 2,750 Hancock OU........ II,497 HawaUan Pineapple Co (new) 295 19** 4 12 7*4 180 186 190 5*4 7 17 18*4 20 42*4 7,502 Chrysler Corp 8 Sale 3k 6** 16** 2** 9*4 12 Sale 15* 3** 7 7 195 34*| cap.. * Preferred 50 571 90 California Water Serv preflOO 5,255 Caterpillar Tractor cap....* Preferred stock.. 100 490 15 5 15 *4 657 California Ink Co lnc A....* 5,122 California Packing 10 30 360 6*4 H Consol 630 474 160 3*| *1 175 Consol Aircraft Corp com 9',070 14** 2** 1 2,300 Callf-Engels Mining Co 80 542 Lowest Sale Prices par 635 Calaveras Cement Co com * I,200 Calif Cotton Mills cap 100 523 36 1,034 Highest Sale Prices 103 104** 101 107*4 Feb. 17 107*4 Feb. 17 106*4 57 59** 57** Feb. 17 57*4 Feb. 17 11 2.585 Calamba Sugar Estate Preferred... 1,030 v Lowest Ask "48"" "53"" 107 50 100 98** 102 105 63** STOCKS 1 Sale Prices Feb. 28 Ask Bid 238 Bank of Calif Nat nssn caplOO 645 Bishop OH Co. 5 2,485 Byron Jackson com cap....* 203 516 2,551 Bid 60 Shares. 2,197 1,810 1,337 1,612 371 Ask 2,220 Alaska Juneau Geld M cap.10 6,975 Anglo-Calif Nat'l Bank 20 3,585 Assoc Ins Fund Inc com caplO 2,386 Atlas Imp Diesel End Co 5 2,000 Shares. 700 Feb. 1 1938 Bid 5,000 Calif Water Serv 4% 1961 1,000 Coast Co G & E Co 4%..1965 2,000 South Pacific Co 4*4 % 1969 "i~66o RANOE SINCE JAN. Price Jan. 3 BONDS Jan. 1 $ Jan. 1 to Feb* 28 PRICES IN FEBRUARY SAN FRANCISCO STOCK EXCHANGE Since In 1937 $12,000 69,000 $3,000 8,000 February 821,579 1,430,234 202,210 509,073 1938 Bond Sales 1937 1938 February . 16 30 Sale 375 30 4*4 Sale 375 Sale 10 Sale 4*4 24** 4*4 69** Sale 4** 4*4 25*4 27 4*4 Sale 19 17 10*4 11*4 28*4 Sale 8*4 9*4 43 34 69 28 320 45 40 Sale 29*4 Sale 1** 2*4 16 17*4 22 25*4 31*4 Sale 7 J* 8** 23*4 29** 7 7*4 3*4 Sale Sale 19 12** Sale 34 9** 40 34 75 Sale 9*4 46 39** 75?* 27*4 Sale 2*4 2*4 16*4 17*4 22 23 33*4 34*4 nl* 28 oS* 30 28 4*4 11 70** 4*4 26*4 4*4 71 4*4 27 4** 18 21 47*1 45 35 74 7 17 37*4 Sale 29 Feb. 320 9*4 Feb. 67*4 Feb. 4*4 Feb. 25 Feb. 4 J* Feb. 7 19 3 21 2 34 30** Feb. Feb. 24 2 Feb. Feb. 24 22 Jan. 4 23 31*4 Jan. 7*4 Feb. 25** Feb. 3 28*4 HY* M Sale 26** 26** 37*4 33** 36*4 36 16 21 17*4 28** 7** 26 12*4 Feb. 1 24 36** Feb. 25 5 8*4 Feb. 27 Feb. 7 8*4 Feb. 15 3*4 Feb. 25 13*4 Feb. 11 2 29*4 Feb. Feb. 21 25*4 Feb. 5 27 4 34*4 Feb. 23 28 Feb. 2 69 26 36 76 26 30*4 9** 3*4 12*4 Sale 28** Sale 27 27** Feb. 6 3 3 3 5 Jan. 26 4 Jan. 34** Feb. 43 2 23 Feb. 9 16 23 Feb. 24 32 Feb. 3 3 7*4 Feb. 3 25** Feb. 2 7*4 Feb. 3 Feb. 14*4 Jan. 12 34** Jan. 11 10*4 Feb. 24 2 25*4 35 9 9 Jan. 19 2*4 Feb. 15 22** 34** 8*4 3*4 5 7 Jan. Feb. Jan. Feb. 8 4 13 20 7 16 3** 11 3 28 2 7 11 5*4 Jan. 28 Jan. 11** Jan. Feb. 3 5 12 Feb. 28*4 Jan. 9** Jan. 10*4 Feb. 24 46*4 Feb. 23 Feb. Jan. 1 Feb. Feb. 23 3 Feb. Feb. 24 2*4 Feb. 15 73 12*4 Feb. 24 9*4 46*4 34** 72** 16 Jan. 4** Jan. Feb. 36 75 19 12 18*4 Feb. Feb. Feb. 25 Jan. 3 3 5 2 25 12 31 Feb. Jan. 4** Jan. 33 5 320 Jan. 9*4 Feb. 6434 Jan. 3** Jan. 11** Feb. 72*4 Feb. 5 JFeb. 26** Feb. 4*4 Feb. 26 3*4 4** Feb. 17 4*4 Feb. 29*4 Sale 2*4 2*4 16 17*4 12*4 26 22*4 11*4 Feb. 4** Feb. 29 18*4 Feb. 12 12** 31** Sale 10 10** 21** 24 >4 29** 4*4 375 Sale 320 3 7 Jan, 3 27 3 Feb. 4 115* Jan. 4 26*4 Jan. 22*4 Jan. 26 4 33 23 Jan. Jan. 10 27 10 Jan. it* Jan. 20 26 38 9 Jan. Jan. Jan. 11 27 Feb. 7 8*4 Feb. 4*4 Jan. 15 10 Jan. 8 15 13*4 Jan. 14 29*4 Feb. 2 29** Jan. 22 Home Fire Ac Marine Insur 420 190 2,260 cap new* 100 Honolulu Plantation cap...* 610 Hudson Motors Car Co.....* 100 100 100 10 3,912 2,045 507 3,285 140 5,757 Co of Calif capital..... 10 3,660 HonoluluOllCrpLtd 200 Hunt Bros. Packing com...* 130 Hutchinson Sug Plant cap. 15 5,367 Langendorf United Bak cl A * Class B ♦ 2,732 1,344 Leslie Salt Co capital .....* 6,122 Le Tourneau Inc common.10 276 Libby McNeill & Libby * 18,811 Lock Heed Alrcr Corp com..l 10 426 Lyons-Magnus Inc A.......* 814 6,897 Magnavox Co Ltd (capltal)2*4 2,411 Magnln & Co (I) common...* 1,786 10 10 3,026 30 10 435 3,450 3.240 300 30 10 3,364 50 290 410 1,375 * Preferred... ... .100 5,436 Merchant Cal Mach Co com 10 30 Market St Ry Co prior pf.100 Preferred. ............100 10 _ 1,130 Meieir-Frank Co ..........10 9,436 Nat Auto Fibres IncCom stkl 9.105 Natomas Co capital * North Amer Inv Corp— Common ...........100 1,330 50 4% preferred 100 30 BH% preferred... ......100 14,905 North Amer OH Consol cap.10 187 Occidental Insurance cap.. 10 980 O'Connor Moffat 560 Oliver United Filters Inc A..* ... 3,734 No par value, B ♦ 6** 18 83 1 38* 11* 14*4 3$ 35* 35 37** 15 15 7** 8J* 9*4 Sale 6 5 7*4 8** 8** Sale 4*4 5** *4 Sale 10*4 12*4 ** 11*4 90 93 13*4 102 14*4 8 6 2*4 8*4 7** 8 5*4 Sale 8*4 9*4 5** 5*4 31 26 9** 26 48 48 15 4*4 37*4 32*4 11 24 17 5*4 t Removed from listing Feb. 4,1937. 6 102 5*4 Sale 9*4 Sale 11 9*4 1 12 137H % S* 131 Sale 9 40 16 5*4 45 40 12** 25** 9 10 16 18 5*4 5*4 Feb. 17*4 Feb. 11 19 28 Feb. 2 8 1*4 Feb. 16*4 Feb. 16 .14*1 Feb. 3** 2** Feb. 36 Feb. 40 2 9J* 28 Feb. 8 il* 15 14** Sale 2*4 3*4 16 34 14 IV* 29 3 Sale 16 7*4 8** 4*4 8 9 5** **' 10** 14 9** 3 3 3 3 ** Feb. 4 16*4 6** 19*4 6*4 35 5 14 3 Feb. 7 9*4 Feb. 9 4** Feb. 42 3 7 6 4 Jan. Jan. Jan. Feb. 14 3 3 7*4 Feb. 7*4 Feb. 3 Jan. 13 *4 Jan. 3 10 13*4 12 2 Feb. 11 Sale 2 Feb. Feb. Feb. Feb. Feb. ..... Feb. 2 1*4 Feb. 16*4 Jan. 24 11 12*4 9** 4*4 8*4 5** Feb. 95 95 45 Jan. 28 Feb. 3 3 4 43 Jan. 19 14 *4 Feb. 11*4 Feb. Feb. Feb. 5 35 Feb. 28 8 3 3 11 14** 11** 33*4 Jan. 10 17*4 Feb. 11 5 95 34 12** 7 7*4 Feb. 7*4 Feb. 11 39 23 9 3 2 1*4 Feb. 4 16*4 Feb. 16*4 Feb. 17 4*| Feb. 10 38 Feb. 21 16** Feb. 24 3 7*4 Feb. 9*4 Feb. 23 102 8** 8*4 5*4 Sale 9** Sale 4** 1 Feb. 14 *4 93 4 Feb. 25 Feb. 14 2 Feb. 135* Feb. 4*4 8*4 5*4 9*4 Feb. Feb. Feb. Feb. Feb. 4 12*4 Feb. 9J* Feb. 11 14 4*4 Feb. 3 8*4 Feb. 5 Feb. 8*4 Jan. • 7 5 4*4 Feb. 4 Jan. 6 Feb. 41 Jan. 27 3 Feb. 25 30** Feb. 3 5 2 30** Feb. 13*4 Feb. Feb. 24 Feb. 2 4 9*4 Feb. 16*4 Feb. 6*4 Feb. 9 Jan. 16 Feb. 25 15 5*4 Jan. 27 12 9 Feb. Feb. Feb. 16 Feb. 15 5*4 Feb. 16 24 43 25 Feb. 10*4 Jan. 6 9*4 Jan. 1*4 Jan. 17 Jan. 28 10 14 6 4 10 16*4 Feb. 17 4*4 Feb. 10 39 17 Jan. 21 Jan. 10 26 10 8** Jan. 10*4 Jan. 5*4 Jan. 11 1*4 Jan. 18 Jan. Feb. 10 3 13 95 14*4 Jan. 11 Feb. 4*4 Feb. 14 14 9*4 Jan. 7** Jan. 10*4 Jan. 10 15 20 5** Jan. 11 10 43 40 Feb. 24 19 Jan. 13*4 Feb. 23 28** Jan. 15 10** Jan. 12 17 Jan. 12 6** Jan. 18 March, 1938] AGGREGATE SAN SALES Jan. 1 Shares Shares 20 855 mm mm mm Jan. 3 STOCKS mm 7.270 6,043 1,480 1,912 400 1,645 3,468 570 155 1 2,953 20 80 95 6,189 1,268 1,259 90 330 3,252 6,230 Preferred.... Sale 27 X 37 103 Sale Sale 5X 16 X 600 108 205 mm 20 19 Feb. 10 50 Feb. 24 24 16 Jan. 109 Feb. Feb. 1 Feb. 14 109 134 Feb. 135% Feb. 92 1,593 3,080 30 . 302 8,974 985 1,505 395 2 Feb. 23 Feb. 25 4 Feb. Feb. 10 7 Feb. 25 28 24 7 6 55 16 6% 56% 19% 26% Feb. 36 Feb. Feb. 6 15% Feb. 20 115 15% 101 Sale 15 100 Feb. Feb. 20% Feb. 19 X 17 Sale 178 30% 17 3 83 29% Feb. Feb, Feb. Feb. Feb. 2 Feb. Feb. 21 3 Feb. Feb. 17 Feb. 3 7 Feb. 1,545 3,849 20 w10 • 16 Feb. 24 7% Feb. 5 8 Feb. 1 4 Feb. 1 1 Feb. 20% Jan. Jan. 17 Jan. 10 Feb. 25 Jan. 15 Feb. 23 2 Feb. 77% Jan. 28% Jan. 16% Jan. % Jan. % Jan. Jan. Jan. 16 Feb. 1 4 1 °4 1 35 266 Jan. Feb. Jan. Jan. 26 Jan. 10% Jan. 41% Jan. 9% Feb. 4 13 26 12% Jan. 12 21% Feb. 24 7 22% Jan. 8 8% Jan. Feb. 10% Feb. 39% Feb. Jan. 84 7% Jan. 6% Jan. . 19 $ 13% Feb. 76% Feb. 10% Jan. 19% Jan. 8 Feb. Feb. 24 2 Feb. 7 Feb. 10% Feb. 26 25 6% Feb. 14 33% Jan. 10 18% Feb. 24 6% Feb. 3 8 Jan. 12 Feb. 24 29% Jan. 13% Jan. % Feb. 21 Feb. 10% 21% 17% 7% 3 9% Feb. 38% Feb. 24 10 common 19% 16% Sale 21% 19 3 Sale Feb. 29 29 1.50 65 Yosemite Portl Cem Co pf-.lO 33 30 3 (Consolidated) cl A ear 31 3% 3% page 59) 24 11 11 Jan. 26 22% Jan. 11 Jan. 3% Jan, 8 6 285 Jan. 3 20 Feb. 9 Feb. 29 Feb. 28 29 Feb. 3 Feb. 14 3 16% Jan. 3 Feb. 28 Jan. 26 32 The Reichsbank statement for the first quarter of February showed an increase in gold and bullion of 31,000 marks; made, but details of such plans had not been disclosed at the close for the second of the by lightening the tax burden would be the month. The received franc a severe 847,034 francs sented simply when shock France statement for Feb. 3 revealed a the Bank reduction of of 3,126,- This transaction repre¬ a transfer of a like amount of gold to the exchange equalization fund. In December the stabilization fund had transferred approximately the same amount of gold to the bank, presumably in connection with the repay¬ ment of the £40,000,000 sterling credit. Finance Minister in gold holdings. asserted that Marchandeau the gold transfer in no way weakened the position of the Bank of France. However, M. Paul Reynaud, former Finance Minister and member of the Tardieu and Laval Cabinets, asserted that the lower gold reserves of the Bank had a more serious aspect. He indi¬ cated that the reserves were below the "security level" said that at 6,000 tons of gold. "This stock has fallen to 2,407 tons after the withdrawal of 134 tons announced on Feb. 10," he declared, "although former Premier Blum, in September, 1936, fixed the minimum re¬ quired for our security at 50,000,000,000 pre-devaluation francs, or 3,275 tons." M. Reynaud also asserted that to restore the French position would require the repatriation of not less than 30,000,000,000 francs. necessary for national defense. M. Reynaud the end of 1931 France possessed On Feb. 15 the French Government announced a new in¬ ternal issue of 5%% Treasury bonds, the new issue to have The bonds will be redeemed three different maturing dates. at par in 1942, at 109 in 1946, and at 118 in 1950. The purpose of the Jssue was to meet maturing obligations as well as to raise new cash. the 1935 4% The bonds were offered in exchange for Treasury bonds which matured on March 10, 1937, and in exchange for 1937 4% one-year Treasury bonds. Cash subscriptions, it was said, will also be received up to 3,000,000,000 francs at a price of 94. It was estimated that the issue plus commissions should yield between 7% and 7%%. The high yield indicated more than anything else precarious position of the French Treasury. The Bank the France statement for the week ended Feb. 17 showed gold holdings of 55,806,467,935 francs. French francs sold on Feb. 1 at 3.28*4 @3.29^4, and on Feb. 28 at 3.26%@3.27%. The German mark situation displayed no new features of The daily quotations of the soare those established by Reichsbank, continued to bear a close relation to the importance in February. called gold mark, which free movements or Feb. Pipe A Steel of Calif (Continued from the 17 Feb. Feb. No par value. ness of Jan. 15 100 Yellow Checker Cab Co— V 179 18 13 2 8 70 WellsFargoBk A UnTr cap 106 Western Feb. Feb. 14% Feb. 23 81 10 18 27 Jan. 6% Feb. 14 33% Feb. 23 18% Feb. 24 % 13% 76% 10% 19% Jan. Jan. 103% Jan. % Jan. 4% Feb. % Feb. 24 14 7 3 10 11 11 Jan. 20% Feb. 25 1 6 15 Feb. Feb. 20 118 Feb. 23 Feb. 25 3 15 Sale 10 15 18 3 24 4 30% Feb. ■29% Feb. 28 19% J16% Feb. % Feb. Jan. Feb. 21 15 Feb. Jan. Jan. Feb. 12 Feb. 25 Feb. 28 Feb. 24 Jan. 22% Feb. 25 .1 Feb. Jan. Feb. Jan. 12% Feb. 5% Jan. 15% Feb. 16% Feb. 23 Feb. 93 35 32 Feb, 2 100 8 24 23 17 Feb. 20% 115 Feb. 18 115 3 104% 106% 104% Feb. 1 Feb. 21 1% 1% Sale 4 4% Feb. 4% 10 % 42 4 28 23 Feb. 6% Feb, 15 3 3 4 15 12% Feb. 11 10 6 1% Feb. 1 15 14 14 Jan. 12 Feb. 2 Jan. 28 Jan. Jan. Jan. Feb, 4 5 15 24 Jan. 16 17 14 3 119% Jan. Feb. 5 137 Jan. 7 5 54 23 11 1 Feb. 12 6 17% Jan. 31 25% Jan. 3% Jan. Feb, 14 4 4 Feb. Feb. Feb, 36% Feb, Feb. 26 25% Feb. 90 1.9,728 4,371 2.663 3 Feb. Jan. Jan. Jan. Jan. 3 28% Jan. 4 30% Jan. Jan. 3 28 Jan. 3 40 4 104% Jan. 6 Jan. 3 35 92 Feb. 24 Feb. Feb. 1% Feb. 14 2% com • 4%% preferred new 100 56,469 Transamerlca Corp capital. * 8,702 Union Oil Co of Calif cap..25 4,008 Union Sugar Co common..25 1,652 United Air Lines Trans v t c_5 .10 13,749 Universal Cons Oil.. 1,785 Victor E uipment Co com..l Conv cum pref 2,502 ..5 20 1,625 Walaiua Agricultural Co Jan. 14 35 19 Tide Water Assoc OH Co Jan. Jan. Feb. Feb. Jan. Feb. 20 Spring ValleyCo Ltd capital * 11,922 Stand Oil Co of Calif capital * 4,189 Super Mold Corp of Cal cap. 10 190 Thomas Alloc Corp class A..* 4,698 2,318 29% 26% 35% 101% 4% Feb. 1,950 Sou Pac Golden Gate cl A..* Class B_. 555 • mm Feb. 35 Preferred 100 1,263 Sou Cal Gas pfd 6% cum A.25 8,953 Sou Pacific Co com (cap'l).lOO 400 3 9 96 642 2,380 Feb. 41 1,902 Signal Oil A Gas Co class A. * 23,316 Soundview Pulp Co new.... 5 9,085 Feb. 27% Feb. 35% Feb. 101 % Feb. 4% Feb. 25% Feb. 40 690 Shell Union Oil Corp com. 20 BH% cum conv pref 100 20 29X Feb. 93 10 San Joaq Lt A Pr prior pf.100 150 Jan. 6 Feb" "2 38 40 6% prior pref ser A..._. 100 584 Schlesinger (B F) com (new) Preferred (new)... 460 25 560 10 7 6 ■ 25% Feb. 18 10 12 Jan. 16 ..1 10 230 12 8% Feb. 15 5% Feb. 3 12 Sale Sale 140 Sale 1% Highest Sale Prices Sale 115 common. ♦ 736 Roos Bros Inc common 330 Safeway Stores Inc 9% Feb. 16 6% Feb. 2 Feb. • Sale common.... 616 4 8% Feb. 15 5% Feb. 3 12 .........1 210 mm 7 Lowest Sale Prices Highest Sate Prices 12 Feb. 4 Sale Prices .......50 5,735 Rheems Mfg Co 25,461 Richfield Oil Co UX 9% 6% 7X 26% Sale 27 X 38% 10% 6% 290 PlO'n Whistle Corp partlc pf * 146 Puget Sound P A T Co com.. 1,729 Ry £q A Realty Co Ltd com.* 220 0% preferred (new).....100 1 12,438 Rayonier Inc common Cumulative preferred...25 4,898 6,554 Republic Petroleum Corp 1 146 Lowest Ask 13 Preferred .............100 60 200 Phillips Petroleum Co cap..* 536 Feb. 28 Ask ...... 2,508 Pacific Can Co 120 Pacific Clay Products..... 18,780 Pacific Gas A Blec Co com.25 12,914 6% 1st preferred... 25 3,502 5%% 1st preferred......25 4,767 Pacific Lighting Corp com..* 900 $6 dividend pref........ • * 6,836 Pae Pub Sew com non-vot First preferred...........* 6,802 1,750 Pac Tel A Tel Co common. 100 195 6% preferred...........100 6,517 Paraffins Cos, Inc., com....* 100 mmm Feb. 1 1938 Par 60 PMuhauSutfarPlantCo caplA 870 Paclfic-Amer Fisheries, Inc.5 570 1 Price Since February RANGE SINCE JAN. PRICES IN FEBRUARY FRANCISCO STOCK EXCHANGE In 63 SAN FBANCISCO STOCK EXCHANGE blocked or the various classes of interior continuously at severe discounts. of sterling, but marks were decrease of 1,000 marks, and for increase of 1,000 marks. The Bank's statement for the third quarter of February showed third quarter, quarter a an gold holdings of 70,771,000 marks, and its ratio was 0.03%. On Dec. 1, 1932, the Reichsbank held 806,785,000 marks qf gold, and its ratio was 25.8%. The so-called free or gold mark was 40.48^ on quoted at 40.35@40.38 on Feb. 1, and at 40.07@ Feb. 28. Italian lire, as during many months before, was held by the rigid control at Rome. Gable transfers on steady Rome throughout the month ranged between 5.26% and 5.26%, the latter rate generally prevailing. Belgian exchange during February ruled generally slightly above dollar parity of 16.95. The undertone was slightly January, especially during the second half of the month. Belga cable transfers sold on Feb. 1 at 16.94 @16.94%, and on Feb. 28 at 16.98@16.99. Exchange on the countries neutral during the war was generally firm in February, moving in close sympathy with' firmer than in The Holland guilder and the Swiss franc, how¬ displayed special firmness owing to the strong position sterling. ever, of both these countries. for week the ended The Netherlands Bank Feb. 21 showed gold high record of 1,425,800,000 guilders. statement stock at a new This compares with 569,895,000 guilders in the Bank statement immediately following the devaluation of the guilder shortly after the conclusion of the tripartite currency agreements. The large gold by The Netherlands Bank in the past year were due largely to continued sterling purchases by the Amsterdam exchange fund. accessions of The technical position of the Swiss franc, which was greatly strengthened in 1937, continued to improve in Febru¬ ary. The National Bank's report attributes the improve¬ ment to the surrender of hoarded gold, the repatriation of Swiss funds, and the influx of foreign capital. The report stated that during 1937 the gold reserves of the National Bank of Switzerland were from francs slightly decreased to 2,679,000,000 2,709,000,000 francs at the end of 1936, but foreign exchange held was more than 500,000,000 francs, a increase. The Swiss exchange fund remained in 10-fold February National at 538,000,000 Bank of Swiss Switzerland francs. On Feb. 15 the showed total gold stock of 2,887,800,000 Swiss francs, and its ratio of gold to notes stood at 205.6%. Guilder cable transfers sold on Feb. 1 at 55.90@55.93, and on sold on cable transfers Feb. 28 at 55.98% @56.00. Swiss Feb. 1 at 23.18% @23.20, and on (Continued cm page 65) Angeles Stock Exch. MONTHLY AND YEARLY RECORD EXCHANGE RANGE OF PRICES ON THE LOS ANGELES STOCK aA LEU AGGREGA TE 2,243,468 February 836,598 — 4,416,350 Jan. to Feb. 28__ February STOCKS Bandlni Petroleum 1,000 1,000 500 1,400 100 """75o 2,600 1,500 1,300 1,400 600 800 900 300 90c 27c 900 Chrysler Corp.........—.5 Claude Neon Elec Prod Ltd.* Consolidated Oil Corp—....* Consolidated Preferred. Steel com . 1,300 Creameries of America 900 v t 655 District Bond Co """755 * * c.* —25 15* 2 zl5 500 300 400 600 400 13,500 Hancock OU Co A—........* 1,000 Holly Development Co 1 200 Holly Oil Co. 5 5,600 200 500 cHudson Motor Car Co * 100 International Cinema ..—* ....1 7,600 Jade Oil Co 6,025 Kinner Air pi A Motor Corp.l 3,875 13,450 4,900 19,200 2,200 3,075 2,200 9,400 1,300 """255 5,000 1,200 2,600 25,000 200 Lincoln Petroleum Corp 1 Lockheed Aircraft Corp..-.1 2 10 L A Industries lnc L A Investment Co 200 Corp common. 10 Preferred series A.......10 200 """255 """455 20 17 1.35 81 10,000 462* 65* 82* 35* 75* 9H 4 600 3,300 2,200 600 1,600 100 4,200 1,129 3,200 3,500 1,400 1,900 6,700 5,200 2,300 3,300 Original preferred......25 6% preferred...........25 5H% preferred.........25 So Calif Gas A 4% pref 25 Sontag Chain Stores Co Ltd. * Southern Pacific Co... Standard Oil of Calif Sunray OU Corp 10# * 9 42* 9 4 10 9 25 65c 26 80c IK 6K Sale 72* 92* 5 10 8 42* 11 8** Feo. 15 27** Feb. 3 50c 40c Feb. 3 90c 1 92**cFeb. 7 38c 45c 40c 12* Feb. 25 1** Feb. 28 10 Feb. 23 37c Sale 1.25 Sale 9c 11c 15c ~~5c" "5c " 20 4c 8 Feb. 26 Feo. 25 15c K Sale 82* 95* 82 2* c 85c 410 390 34** 7** Sale 8** 6 19** 29 65c 20 15 Feb. 7 18 Feo. 53** Feb. 7** Feb. 8 Feb. 5c 16 ; 19 20** Sale 80c 53** 7% 9% 4 9 "54** 10 4 45* 10** 11** 87**c Sale 390 4** 22** Feo. 7 Feb. 15 3 35 9** 92* 32 8 15,500 Tranaamerica Corp V * 23 22 Feb. Feb. 8 26 28** 29 67**c 77**c 75c 1** 1% 1** Feb. 5c 7c 5c Feb. 11c 17c 10c 13c 10c 7 7 4 Jan. 29 Jan. 7 4 10 4 ■&*' Sale 4 5 4 Feo. 2 65c 4% 60c 7 75c Sale 5 Jan. 27 6 25c 5c 40c 6c - 3c 76 85c Jan. 10 27 1.30 Jan. 27 95* Jan. IX Jan. 10 6 4 112* Feb. 15 112* Feb. 15 12 Feb. 15 12 Feb. 15 10 Feb. 10 18c Jan. 20 75* Feb. 4 16c Feb. Feb. 5c 1 1.10 1 23c 6 Sale 7 3c 35c 60c 30c 12** Sale 11** 12 62* 12** 11** 1.10 5c 72* 50c Sale Feb. 26 Feb. 28 Fe 3 . Feb. 65c Feb. 1.10 Feb. 2c Feb. 3! Jan. 5 4 Jan. 10 102* Jan. 10 32* Feb. 28 45* Feb. 18 75c 60c 10 I 1.05 Jan. 28 1 lc Jan. 19 30c Feb. Feb. 3c 192* 35** 100 26** 30** 272* 20** 36** 104 5* 3* 7 Sale 34 17c 25c 62* Sale IK 2 3** 32* 1.30 72* Sale 3** 4 35 36 17c 62* , 24c Sale m !* 1.40 1.25 1.30 15c 6 Feb. Feb. 3 3 3 12* Feb. 22* Feb. 18 1.15 Feb. 16 10c 9c 25c 212* Sale 36** Sale 272* Sale 25; 29! it* Sale 30** 9 Sale 302* Sale 32* Sale 32K 35 25 J* 6c 27 8c 21** *25 Jan. 3 70c Jan. 10 Feb. Jan. 28 15c 30c Jan. 11 ,8 1.00 Feb. 23 1.20 Jan 14 16 3c Feb. 28c Feb. 7 Jan. 16 20 49c Jan. 19 142* Jan. 112* Feb. 14 9c 22 ** 25c Sale 352* 362* 27 272* 252* 252* 292* 302* 5 Jan. 5 15 35c Jan. 23 25 112* Feb, 16 112* Jan. 112* Feb. Jan. 8 Sale 192* Sale 322* 33 3 32* 172* Feb. 292* Feb. 3 Feb. 31 Feb. 102* 35 Sale 20 15 Feb. 11 20 102* 102* Sale 132* Feb. 102* Feo. 9 Jan. 15c 23 2 Feb. Feb. 25 Feo. 3 65* Feb. 17 12* Feb. 16 3 2* Feb. 3 1.30 Feb. 15 212* Feb. 21 8 7 16c Feb. 262* Feb. 23 272* Feb. 252* Feb. 292* Feb. 16 72* Feb. 26 2 42* Feb. 8 342* Feb. Feo. Feb. 25 Feo. 18 Feb. Feb. Feb. 4 Jan. Jan, 5 Feb. %VA Jan. Feb. 25 30 Jan. Feb. 18 Feb. Jan. 27 23 2 392* Jan. Feb. Feb. 25 1045* Jan. Jan. 10 142* Jan. 6 Jan. 4 72* Feb. 35* Feb. 16 52* Jan. 32 Jan. Jan. 5 15 Feb. Feo. 35 18 Feb, 6c 202* Feb. 4 Feb. 62* Feb. 24 20 25c 25 9c 25c 255* 295* 275* 185* 365* 1032* 145* Feb. Feb. 2 3 xl6c 3 17 18 Jan. 8 xQOc Jan. 3 25* Jan. Jan. 18 113 Jan. 6 29 112 25 6c 20 25c Jan. Jan. Jan. 15 12 14 26 10 14 25 10 11 Jan. 5 Jan. 12 8 3 19 13 11 4 25c Feb. 3 242* 375* 275* 252* 305* 82* 215* 332* 32* 362* Jan. 10 Jan. 25 Feb. Feb. 14 Jan. 15 7 Feb. Jan. 27 14 262* Jan. 242* Jan. 3 29 Jan. 4 75* Jan. 162* Jan. 3 28 Jan. 3 23 8 23 26 35 23 4 19 Jan. 202* Feb. 29 7 25 Jan. 21 1 16 12c 3 15 25 26 72* 25* 32* 15* 7 22 Feb. Feb. Feo. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 362* Feb. 132* Feb. 102* Feb. 23, Jan. Jan. Feb. 1.10 3 4 8 19 7 Jan. 52* Jan. 15* Feb. 25* Feb. Feb. 222* 562* 275* 252* 302* 82* 202* 335* 32* 5 11c 25* Jan. 25 11 26 60c :r60c 8c Jan. 25* Jan. 25c 50c 202* Sale 7c 1 3 Sale 23** 19 28 Jan. 23 16 62* Feb. 21 32* Feb. 16 8 342* Feb. 17 13 252* 262* 252* 292* 30** 295* 27 ** 28 275* 23 22** 2 365* 372* 382* 362* Feb. 1032* 105** 1032* Feb. 25 1032* _____ 7 20 37c 5 252* Feb. 292* Feb. 25 272* Feb. 18 3 192* Feb. 10 Jan. Feo, 1.10 Feb, 28c Feb, 112* Feb. Jan. 15* Jan. 4c 35c Feb, 23 3c Feb. 18 8 52* Feb. 35c Feb. 23 1 12 Feb. 1 Feb. 1 Feo. Feb. 622*cFeb. 12c 26c 3 2 92* Feb. 25 32* Feb. 28 42* Feb. 18 19 25c 19 15c Feb. 60c 11c 22 15 15 3c 26c 6 292* Jan. 17 4c Sale Jan. 31 30c 62**c 17 6 Jan. 17 11c 18 232* Feb. 23 11c Feb. 55c 10 FeD. 30c 24c Jan. 15 10c 30c 13c 5 11 Feb. 21 1 Sale 21 Jan. 3 62**c 11 Jan. 375* Jan. 82* Feb. 9 Feb. Jan. 10 60c 12c Jan. 5c Feb. 26c Jan. 35c Feb. 1.15 10 95c 3 lc 60c 1.05 26 4 252* Jan. 26 672*c Feb. 10 Jan. 10 31 17 17 1.05 Feb. Sale 65c 27 Sale 3 42* Jan. 182* Feb. 76, Jan. 95* Jan. 12* Jan. Jan. 45* Jan. 42* Jan. 18 399 15* Jan. 1.10 252* 29 K Sale Jan. ,40« 5 10 Jan. 11c Feb. 15c 4 Jan. Feb. 72* Feb. 22* Feb. 16c 18 Feb. Jan. 35c 5c 12 10c 15 8 112* Feb. 8** 2K 4** 10 21 3 15 19c Jan. Jan. Feb. 5c 15 16c 18 622* Jan. 72* Jan. 102* Jan. 4 25 12* Feb. 8 17 Feb. 182* 26 21 1.35 302* Jan. 75* Jan. FeD. 12 Sale 8 Feb. Feb. Jan. 390 292* Feb. 112* Feb. 29 Sale Feb. 5c 82* Jan. 3 23 14 24** 5c 20 15 9 < 22 28 42* Jan. 26 3 92* Feb. 4 622* Jan. 18 Feb. 23** Feb. 27** Feb. 67 **cFeo. 1** 2c • 23 Jan. 4 10 Feb. 5 14 37 X Sale 12 Feb. Jan. 5c 9 10 9 Feb. 9 20 50c 22 2* 22* Jan. 10 4 11 352* Feb. 8** Feb. 11 25 Sale 14 192* Jan. 9 Feb. Feo. 24 14 62c 112* 4 Jan. Jan. 492* Jan. 2* Feb. 6 Jan. 47c 16 1 Feb. 399 7** Feb. 9c 22* A* Feb. Jan. 7 1.00 24 5c 5c Feb. 25 4** Feb. 10 Feb. Feo. Feb. Feb. 18** Feb. 23 42* Feb. 10 90c 9** Feb. 75c 5 5 4 4** Feb. 23 5c 8 45c 11 45c Jan. Jan. 12* Feb. 28 14 380 399 34** 8** 9 4 13 6c 2 Sale 14c Sale 1.25 Sale 26 10 26 8** Feb. 8K 9% 4** 1% Sale 4c 8 40c Feb. 23 72* Feo. 21 10 Feb. 25 9K 75c Sale 27 Jan. 9H Feb. 24 292* Jan. 11 37c 58 5c 8K 42* Jan. 4 15 3 1.30 Sale 2K 4 1 11 92 2*c Feb. Feb. 8 Feb. 26 Feb. 25 5c 13 17 c 10 27 Feb. 81* Feb. 272* Feb. 7% 35c 5c Jan. 3 3** FeD. 1 9** Feo. 24 27** Feb. 3 45c Feb. 9 1 Feb. 23 37c Feb. 25 2** Feb. 8 10 Feb. 23 2 .....1 Superior Oil Co common 25 100 TayJor Milling Corp........* For footnotes see page 65. 72* 7 500 Signal OU-Gas A • 140 Signal Petroleum Co.......l 4,600 So CaUf Edison Ltd com...25 200 " 54 42* 4K 112,700 Sierra Trading Corp......25c 400 484 30 Feb. 22* 47 2* 36 Samson Corp B common....* 300 t% Preferred...........10 62 San Joaquin LAP 7% pr pflOO 662 Security Co units 1,300 1,100 3 182* 34,700 Richfield Oil Corp common.* Warrants............... 1.100 7,600 Robert Public Markets.....* 8,100 Ryan Aeronautical Co 1 2,200 32* 924 1.35 16 .......1 11,300 700 5,500 2,800 140 32* 82* 275* Preferred series C ......10 Pac Finance 3:600 Rice Ranch Oil Co a:500 Highest Sale Prices 9c 15 1,000 Puget Sound Pulp & Timber* 8,200 Republic Petr Co Ltd.. 10 164 Preferred...............50 2,000 "5c" 162* 500 Pac Lighting Corp com * 95 $6 preferred........——* 300 Pacific Western Oil Corp—• 10 Lowest Sale Prices 5c 20 25 1,200 Pac Gas A Elec Co com 400 1st pref 0% ........25 300 52*% 1st preferred ...25 1,700 Pacific Indemnity Co......10 200 100 400 100 25* 2 16 90c 60c 13c 28c 1.15 19c • 50c 37c 155* "25c" "35c" 200 12* 95c 5c 65c 1.25 4,400 55c 40c 4c 9 1,500 Occidental Pet Corp.......l 5,600 Oceanic Oil Co_............l 32,000 OUnda Land Co....—......1 900 Pacific Clay Products......* 700 Pacific DlstUlers Inc. 1 200 29 9c 950 Mills Alloys lnc A • 2,500 Mt Diablo OU Ming & Dav..l 24,800 Nor don Corp... .......5 10,000 27 10c 7c 561 Merchants Petroleum Co...l 26,000 Mid-Western OU Co....... 161 Sale 9 5c 5c ....—....1 2,800 Mascot OU C> 15,400 Menasco Mfg Co —1 41,800 Menasco Mfg Co rights...... 900 3,800 8,200 Highest Sale Prires 13 80 Knudsen Creameries 15 P. A.. 80 zl5 32* 4c 1 2,900 Hupp Motor Car Co 1,800 "2'555 Lowest Sale Prices 5 5 1,500 Emsco Derr A Equip Co 5 JH Sale 65c —....1 27,200 Exeter OH Co A 410 85 Farmers A Merch Nat Bk.100 390 4,200 General Motors Corp ..10 302* Sale 500 General Paint common.. ..* 7 75* 7 2* 1,700 Gladding McBean A Co 82* * 1,100 Globe Grain A Milling Co..25 42* 900 Goodyear TAR Akron com.* 17 2* 182* 30 77 75 $5 Preferred * 12,400 1,600 55c 1 2* 50c 42c * 374 Central Investment Corp. 100 200 Chapman's Ice Cream Co...* 244 35* 23"" "28"" 1 Warrants Bolsa Chica Oil Corp A ..10 230 Brock & Co 2d pref.......100 1,000 Buckeye Union Oil com....l 1,000 Common rot tr ctfs 1 1,000 Preferred rot trust ctfs..l 200 Byron Jackson Co * 1,000 Ask Bid 8 1 3,100 "i'ooo > 1 3 2* * 100 2,500 Berkey & Gay Furn Co 100 230 1 Ask Feb. 28 Feb. 1 Bid 1 Co—-.1 500 Barker Bros common 193 5H% preferred 3,700 Barn hart-Morrow Cons 150 Ask Bid 4,300 500 3 1938 Par 100 Assoc Gas & El A , JAN. Price Jan Jan. 1 ~2"666 RANGE SINCE _ dhures Shares —. PRICES IN FEBRUARY LOS ANGELES STOCK EXCHANGE Since In 1938 Sales 289,295 Shares February.__ Jan. 1 to Feb. 28-- 1937 1938 Stock Sales Bond 4 5 22* Jan. 302* Jan. 26 132* Feb. 23 102* Jan. 31 W Feb. 4 8 Jan. 12 Jan. 11 20 Jan. Feb. 23 Feb. 23 12 Jan. March, 1938] AGGREGATE SALES In LOS ANGELES STOCK EXCHANGE Jan. 1 Shares 6,300 2,800 • 'mmmtrnm PRICES IN FEBRUARY 23,300 8,000 7,300 2,400 20,000 • 9,000 — 1938 • Black Mammoth Cons M ColOc Calumet Gold Cardinal Gold Mining Co 1 Cons Chollar G & S Co 2,400 200 200 "400 100 500 Com'wealth Ac Southern ,/ 400 11% 3,900 Curtlss-Wright Corp.. 25c 1HC lc 3% 3% l%c 3% lc 2c 25c 600 Goodrich (B F) Co 400 International Nickel Co * ..* 100 International Tel Ac Tel...-* 6c 7c 400 North American Co..... 2,600 Packard Motor Car Co 1,100 800 Radio 2,200 Corp of America.. 100 400 Radio- Kelth-Orpheum... 100 100 Seaboard Oil Co of Del.. 800 Standard Brands Inc.... 100 - - 100 • 13 100 * 28 were 25.84 at on mixed trends in on Cable that Argentina was and credits a reduced effects of estimated resources yields, he 1937 6c 7Hc • 6c Feb. 15 Feb. 7 Feb. 6 Feb. 23 3% Feb. 25 18% Jan. 6% Jan. 5% Jan. 3 21% Feb. 25 10 26 31 3 Jan. Jan. 8 6% Jan. 3% Jan. 5% Jan. 3 Feb. 5% Jan. Jan. 11 Feb. Feb. 11% Feb. 25 13 14 18c Feb. 4 22c lHcFeb. 5 lc Jan. 10 Feb. Feb. 16 15c Feb. 16 lHcFeb. 1 15c 4 6c Feb. 1 11 15 7 7 Feb. Feb. 3 39H Feb. 17 16 H Feb. 17 6% 7% 8% 6% Feb. 23 32% 17% Sale 19% Sale 6% 4% 22% 8% 35% 17% 8H 19% 4% 6% 3% 25% 8% 36% 18% 9% 19% 4% 7 3% 25% 9% 3% Jan. 1 He Jan. Jan. Feb. 6c 20 15 19 Feb. 2 Jan. 21 1 He Jan. 22c Jan. 13 21 4% Jan. 21 4 7 19% 4% 6% 4% 20 % !"* ill* ill* ill* 7 3 1 31% Feb. 9 3% Feb. 25 44% Feb. 1% Feb. 8 2 1% Feb. 3 4% Fee. 25 Feb. 7 1 18 Feb. 21 6% Feb. 23 Jan. 2c 29c Jan. Jan. 20 9c Jan. 4 3 14 6 3% 21% • 8 <tA 39% 13% 38% 14% 3% 22% 53% 6% 40% Sale 42% 14% 29% 15% 7% 19 H 4% 6% 3% Feb. 4 Feb. 3 Feb. 3 Feb. 23 Feb. 14 Feb. 8 Feb. 16 36% 18% 9% 19% 4% 22 Feb. 22 18 8% Feb. 26 43% 15 38% Feb. 13% Feb. 3 1 7 Feb. Feb. Feb. Feb. Feb. 23 23 25 25 17 4 16 145 Jan. Feb. Jan. Feb. Jan. Jan. Jan. 28 7 10 8 26 26 28 Feb. 3 Feb. 7 38% 16H 50% 6% 3 29 26 Jan. Jan. Jan. 15 Feb. 21 Jan. 29% 15H 7% 19H 4% 4 Feb. Jan. 28 3 Feb. Feb. 23 4 Jan. Feb. 23 6 Jan. 28 16 3% Feb. 16 Feb. 18 38M Feb. 14 3 Feb. 21 22 Feb. 8% 49% 38% 13% Feb. 26 Jan. 15 3 Feb. 1 Feb. 3 28% 53% 5% 29% 54% 6% 32% 33% 54% Sale 5% 6% 29 H Feb. 10 52% Feb. 8 5% Feb. 15 26 3% Feb. 8% Feb. 26 29% Feb. 10 57% Feb. 23 6% Feb. 10 18 Jan. Jan. 26 10 28 5% Feb. 15 29% Feb. 52 14% Feb. 23 Jan. 26 36% Jan. 11 Jan. 10 Jan. 10 8 44% Feb. Feb. 29% 3% 14% 44% 1% 8% 1% 3 39M Feb. 12 135 35 31% 16% 8% 18H 4% Sale ♦ 4 14% Feb. 23 16 139% Feb. Feb. Feb. 3 Rio transfers on Sweden Official sources in for said he a statement the coming analyzing year, pre¬ While allowing for the was convinced that the prosperity would be manifest for months. stated Toward the end of the month Finance Minister, balanced budget for 1938. crop 26 29c its 2 Jan. Jan. Jan. Jan. 9% Jan. 45% Jan. 18 Feb. 9 6 11 28 10 11 10 21 51% Jan. 20 6% Feb. 23 41 Jan. 15 36% Feb. 23 Jan. 10% Jan. 11 Jan. 12 Jan. Jan. Jan. 15 21% 5% 7% 5% 22 Feb. 9% Jan. 49% Jan. 41% Jan. 10 11 10 18 11 15 6 14 Feb. 21 3 Jan. 26 29% Feb. ■61% Jan. 7% Jan. 15 8 10 several de Janeiro dispatches on Feb. 16 stated that new provisions relative to Brazilian imports on United States goods had been promulgated, effective as of Feb. 8. The decree was quoted as saying: "Normal importations credit from the United States represented by drafts will be covered by exchange contracts to be liquidated in 30 days by sight on the Bank of Brazil. For importers operating with drafts current accounts on the daily quota regime, coverings will longer period and on the basis of direct understandings between the Bank of Brazil and the importers." be for No to a agreement seems to have been reached with exports from Brazil to the United States. tion is that change on they reference The assump¬ still subject to 90-day contracts. Ex¬ Buenos Aires was quoted on Feb. 1 at 33.41@ are 33.43, and on Feb. 28 at 33.47. Exchange on Rio de Janeiro 5.85@5.90 on Feb. 1, and 5.90@5.95 on Feb. 28. Exchange on the Far Eastern countries presented no new was enjoying the greatest prosperity it has known since the World War. dicted 3 1 1% Fee. payments for goods imported without prior per¬ decree also promised further simplification of Acevedo, 16 1% Sale 7% 40% 16% 1 and 25.86% @25.88% on Feb. 28. the South American countries presented February, but for the most part quotations the mechanism of exchange control. Dr. Feb. 3% Feb. lHcFeb. 2c 1% 4% 7% 39% 16% 29 also the Argentine Department of Finance de¬ reduction from 20% to 10% in the exchange sur¬ The mit. 15c 4 lc 1% 4% 7% Sale 16% Aires fluctuated violently when the Central Bank Argentina withdrew its support from the free market. Within a few days, however, the market readjusted itself and exchange on Buenos Aires became relatively steady. charge 3% 8 15 of a 20c 5 44% Feb. 1% Feb. Buenos creed 12c 4 49% 2 for these currencies reflected the firmer sterling. It should be recalled that on Jan. 29 foreign exchange quotations in On Jan. 20c Feb. lHcFeo. 48% 1% Feb. "v Exchange Feb. Odd lot 23.24% @23.25%. on 13 18c 2c 44% Sale (Concluded from page 63) Feb. 11% Feb. 25 19c 1% 4% 7% 39% 16% 36% 31% 15% .... •No par valu 12H 8c 6 2,700 U S Steel Corp iioo 1,800 Warner Bros Pictures.. ...5 800 10 17c lc 13% 14 12% 12% 136H 137 H 135 Sale 30% 32% 33% 31% 30% 3% 4 3% 3% 3% 14H 44 y8 43 % 200 United Corp (Del)....... ...* 100 U S Rubber Co.......... ill* 1,300 21% Feb. 21 5% Feb. 4 3% Feb. 25 43% 1% ..... 200 1 11% 139% 144 % 145% 28% 29H 3* 300 Standard Oil Co (N J)... il25 200 Texas Corp ..25 200 Tide Water Assoc Oil.... ..10 • 10 Feb. 8 ' 5c Sale 12 300 Kennecott Copper Corp. ...* 2,200 Montgomery Ward Ac Co. 2,800 N Y Central RR 6,600 No Amer Aviation Inc... IIIi 300 19% Feb. 6% 3% 3% Sale 35c 700 Electric Bond Ac Share......5 1,200 2,200 Highest Sale Prices \ 1,000 General Electric Co........* "i"io6 Lowest Sale Prices 11% lHc 22c 15c 20c 10c 5% : 3 Sale Sale lc 1 100 100 Sale 5% 3% 13 19c U% 18c ..* 200 400 Sale 10 5% 2% 200 Bendix Aviation.. ..........5 100 Caterpillar Tractor.........* 800 Cities Service Co .......* 200 Commercial Solvents.......* ""loo 21 Sale Highest Sale Prices STOCKS— Amer Rad & Stand San.....* 1,700 Anaconda Copper Mlnlng__50 1,200 (The) Aviation Corp (Del)..3 300 1 Lowest 3 1 300 Amer Tel Ac Tel Co 700 RANGE SINCE JAN. Sale Prices Ask Sale 19% 8 Imperial Development Co.25c UNLISTED 1,500 Feb. 28 Ask Bid Bid 18% Sale Mines Co._ltc 100 Tom Reed Gold Mines Co 1 19,600 Zends Gold Mining Co......l -i 1,500 m m Ask Bid MINING STOCKS— 300 Alaska Juneau Gold M ColOc 200 13,000 4,000 2,200 1,000 mm Feb. 1 4 Weber Showcase & Fix pfd__* 3,300 Wellington Oil Co 1 700 Yosemlte PortI Cement preflO 100 ; STOCKS 15,300 (Jnlon Oil of Cmllf 25 4,500 Universal Cona Oil Co....10 100 Van de Kamps Bakeries „* "900 i 65 EXCHANGE Jan. 3 Shares m STOCK Price Since February ANGELES LOS features of importance during February. All these curren¬ move in close sympathy with sterling. The London silver price on Feb. 1 was 20 3/16d., and on Feb. 28 20 cies Hongkong dollars 31 9/16 on Feb. were 28. 31.31@31% The on Shanghai Feb. l/16d. 1, and 31.38@ dollar 29 15/16 on Feb. 1, and 29.63@30.00 on Feb. 28. sold at 29.04@29.07 on Feb. 1, and at was 29.02@29.04 29.58@ Yen checks on Feb. 28. Cleveland Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE - 1938 Stock Sales February Jan. 1 to Feb. 28__ sales aggregate In Since Jan. 1 100 ,y62 100 • STOCKS 5 5 175 25 ""985 100 9,791 60 , 322 45 486 120 72 54 27 150 45 ""loo 23 54 27 270 348 254 159 440 150 Foote Burt. Foatoria Pressed Steel.. 1,335 1 .* Medusa Portland Cement...* 55 104 Metropolitan Paving Brick..* * 25 Miller Wholesale Drug.. 305 Monarch Machine Tool Co..* 100 1,030 3,065 NationaljRefinlng. 550 300 100 185 45 14 402 140 1,266 ...25 Corp..—.........3 1,620 750 Reliance Elec 8c Eng........ Peerless 3,310 Rlchman Bros ... * 440 Seiberling Rubber.........* Preferred ......100 285 651 S M A Corp common.......! 280 Troxel Manufacturing......1 30 20 35 10 1,713 735 Upson-Walton 3,495 240 530 234 ♦ 41 25 .... 6 43 15 58 20 14 16 4 3% Sale 12 % 4 JAN. 1 59 K 28% 8i* 27 31 18% 4% 19 10 31 3 17 10% 14% Sale 3 Sale 22 4 13 0% 1 Sale 12 ,1* 18 10 35 a 2% Sale 100 7 2% 6)4 2 )4 20 14 % Feb. 17 16K Feb. 23 17 7 1 31 Feb. 11 114 Feb. 7 Feb. 18 10 55 Feb. 107** Jan. 65 Feb. 15 12 25 12 Jan. Jan. 21 12 3 13 108 32 __ Feb. 25 % Feb. 14% Feb. 30% Feb. 17 7 1 29 % Feb. 17 18% Jan. 10 31% Jan. 22 6 114 67 109 Jan. 60 Jan. 28 20% Jan. 18 Feb. 8 65 4 3 21** Feb. 28 11 3 11 Feb. 3 Jan. 6 8% Jan. ""2M Feb7 v8 2 Jan. 27 2% Jan. 24 26 61 11 Feb. Feb. Feb. 3 21** Feb. 28 11 8 3 26 3 25 Jan. 22 Fee. 3 7 45% Feb. 18 45 Feb. 3 45** Feb. Feb. 17 30 4 83 5 Sale Sale 3)4 29 14 Sale 2K IK Sale Sale 100 7 5 Jan. Feb. 20** Feb. 6 95 Feb. 40 13 20% Jan. 2% Jan. 64** Jan. ~2% "Feb" 10)4 Sale 2K 4)4 5 14 Feb. 3 45 19 % 4% Sale 11 115)4 113)4 Feb. 21)4 Sale 10H 11)4 25 16)4-17)4 38)4 36 90 K 5 - 5)4 35 17% Feb. 1 37 Feb. 24 1 92 Feb. 1 35 92 Jan. Feb. 7 1 Feb. 25 Feb. 24 6 Feb. 9 5 Jan. 13 42% Feb. 2 38 Feb. 24 Feb. 14 16% Feb. 3 15 5 Feb. Feb. 18 17% Feb. 3 4 Feb. 17 8% Feb. 3% Feb. Feb. 4 Feb. 24 Feb. 9 3 K Feb. 10 5)4 28 6 12 3k Sale 20M 3)4 6)4 12)4 15)4 7 k 30 3)4 Sale 16** 2% 60 2h Sale 3 27^ 29* 28 15 Feb. 17 Feb. 23 Feb. 17 8 Feb. 60 Fe >. 28 2K Feb. 14 3 k Feb. Feb. Feb. 8 16 37 31 12 31 10% Feb. 2 17 K 18 5% 5)4 9)4 13 33)4 Sale 3)4 3k 24)4 Sale 11 4)4 9 6k 2)4 6% 2% 18% 12 Sale Feb. 15 4)4 Feb. 3 Feb. Feb. 5 18 9 18 xz" 9 33 3 K Feb. 17 25 Feb. 25 18 21 25 26 18 19 3 20 Jan. 4 4% Jan. 3 18% Jan. 6% Jan. 10% Jan. 16% Feb. 15 8 Jan. 10 21 Jan. Jan. 18 Feb. 1 3% Feb. 9 4 Jan. Feb. 2 28 Feb. 2 31 Jan. 12 Feb. 24 15 Feb. 9 18% Jan. 3% Jan. 26 12 Feb. 14 Feb. Jan. 17 17 17 11 Jan. 24 Feb. 10 Feb. 17 17 8% Feb. 17 3 3 k Feb. Feb. 28 60 3% Feb. 6% Feb. 13 Jan. 10 17 it* 8% Feb. 3% Feb. 10 17 8 Feb. 28 70 2% Feb. % Jan. 14 3 60 28 Feb. 8 29 31% Feb. 8 31 Feb. 16 33 Feb. 7 11 19% Feb. 24 5% Feb. 9 10** Feb. 14 35 Feb. 1 3% Feb. 17 Feb. Feb. Feb. 23 3 K Feb. 29 Feb. 8 3 Jan. 4 13 Jan. 4 4 Jan. Jan. 22 26 2 11% Jan. 17 Jan. 10 Feb. 10 4% Jan. 5 Jan. 10 9 Feb. 5 31 Jan. 3 15 11 2% Jan. 7 11% Jan. 36% Jan. 3% Jan. 21 10** Feb. 18 25 11 Feb. 25 Feb. 18 17 4% Feb. 28 6 2% 6% 2K 18% Feb. 2 Feb. 21 4 Feb. Feb. 19 Feb. 24 Jan. 3 32% Jan. 10% Feb. 1 11 Jan. 4 4 Jan. 6 Jan. 6 n* Feb. 10 1 10 K Feb. 4 % Feb. 28 11 6)4 Sale Sale 2H 19 Jan. 6% Jan. 44% Jan. 28% 16% 3% 6% 9 2 6% 13** 8% 3)4 28 81* 95 17% 1 16 J* 2k 14 Feb. 20 9 7 17% Jan. 1 15 18 1 7 38 19 7 Feb. 38 Jan. Feb. 35 Feb. 29 35 35 17% Feb. 36% Feb. 92 Feb. 5 Feb. 37 15 12 , 4% )4 Feb. 14)4 Feb. 30)4 Feb. Feb. 31 15 25 26 19 13 57 Feb. 25 Feb. Jan. 2% Jan. 65 37 3% % 29 33 28 33 11 a 15% Sale 29 65 17 35 10)4 % 29 303* 3)4 2)4 H 15 Jan. Jan 20 Jan. 25 Feb. 21 Jan. 10 Jan. 25 46 8 43 n% 16 181^2 5 5% 8 8X 3)4 Sale 283^ 30 16 18% 3 3)4 9 6)4 40 Feb. 19% Feb. 25 2% Feb. 15 6 6% 11** 10 Jan. 4 16% 100% Jan. 10 100% 11** Feb. 25 12% 5k Feb. 23 10% Feb. 25 25)4 31)4 3 3 65 Sale Prices 55 Sale 14 2% % 111% 28 % Highest Sale Prices 5 Feb. 17 30 Sale Sale 9 3% 3 K 64 K "2% "2% "3)4 5)4 40% i6 x 28% 31 16% Sale 2% 3% Van Dorn iron Wke Co com.* * 460 Vlchek Tool 2 728 Warren Ref & Chem com 840 Weinberger Drug..........* ..100 100 W RI Corp pref x% 17 )4 36^ 40 5 30 Union Metals Mfg Co.......* """447 a 92 '34% Preferred....... .......* 504 Packer Corp 627 Patterson-Sargent. ........* 299 490 ... . .....100 .* 937 National Tile ...» 400 Nebtle Le Mur "A" 110 Nineteen Hundred Corp A..* ........* 232 Ohio Brass B 15 10 2 10* llH 100 Murray Ohio Mfg..........* 24 aw Sale 12% Feb. Feb. 18** Feb. 2% Feb. 55 Feb. 65 19 68 2)4 25)4 10% Feb. 25 13)4 Feb. 18 Feb. 5 5% Feb. 23 10% Feb. 25 16% Feb. 21 6 11K Feb. 11% 72 60 ..5 835 Lima Cord Sole & Heel. 515 McK.ee (Arthur G) B 14 112)4 114 * 566 Jaeger Machine ...* 214 Kelly Island L 8c T ..* 2,079 Lamson Sessions...........* ........* 555 Leland Electric 11** 110 * * 10 10 18 15% Sale 30)4 Sale Great Lakes Towing —100 Preferred.. .......100 Grelf Bros Cooperage 5% Feb. 23 106 X 108% 108 Sale 30 * ..... 5 6 62 % % 17 5 100 "l3% 56* Feb. 3 % 725":" 18 Faultless Rubber......—..* Federal Knitting Mills. ......... 25 ¥ .............. 40 Halle Brothers 190 1,005 .. Preferred 520 21 Hanna CM A) $5 pref........* —-• 608 Harbauer. ........* 2,861 Inter lake SS 150 I Preferred. 364 Dow Chemical 5% pref.. .100 121 Blec Controller 8c Mfg......* 61 16 xZ* xo8H Highest Sale Prices m 6 5 Canfield OH 7% cum Ask Ask Bid Lowest Lowest Sale Prices Feb. 28 Feb. 1 Bid 845 Clark Controller new_..._.l 133 Cleveland Builders Realty..* 1,672 Cleveland Cliffs Iron pref—* 36 Clev El ,111 $4.50 cum pre! * —100 1,634 Cleveland Rys 105 Cleveland 8c Buffalo Tran..* • 16,982 Cliffs Corporation v t c 210 Commercial Bookbinding...* 75 20 235 Par 8c Mfl... * prof 100 761 City lea Ac Fuel....— * K 771 3 1938 700 Apex Electric "'405 RANGE SINCE Price Shares 183 AJr-Way El Appl lit 7% pf 100 427 Akron Braaa Mf£ common...* 490 Amer Coach 8c Body........* 650 Jan. 1 to Feb. 28-_ Jan February Shares - — PRICES IN FEBRUARY CLEVELAND STOCK EXCHANGE 1937 1938 Bond Sales February 95,904 171,965 1,223 56,331 Shares 1. CLEVELAND STOCK EXCHANGE 1937 Jan. 28 14 17 7 1 6 Feb. 2 7 Feb. 1 8 2 Jan. 6 Jan. 7 Jan, Feb. 26 Feb. 23 3 7 3 7 20 Jan. Jan. 23 5 25 60 Jan. 29 'Feb. 2% Feb. 2% Feb. 20 Feb, 1 1 2% Feb. 18 Jan. 60 Jan. 19 3 29 No par value. t / ;v; 11' ■ In the earlier part of this publication complete records of the dealings the country, for the latest month and for the calendar year to General Quotations we only those dealt in on index 'M: date, on the leading stock exchanges of furnished. In this department of comprehensive whole, securities of all classes and descriptions, not exchanges, but also leading unlisted and inactive securities. The following is an combine in the are one the different classes of securities quoted: to Page Exchange Seats 6 Page Page 83 Joint Stock Land Bank Securities Federal Land Bank Bonds 91 Mining Stocks 84 Foreign Government Bonds.......... Real Estate Bonds.. 92 Municipal Bonds—Domestic.... 91 Real Estate Trust and Land Stocks Industrial —————— — Bonds........................ 81 Industrial Stocks....................... 84 Public Utility Bonds 99 Public Utility Stocks.. ..111 Insurance Stocks....................... Investing Companies Securities.......... 72 Quotations for all securities are as near as Canadian ........ ........... 71 ..............112 ..... 84 .........— 84 93 ... ........ Title Guarantee and Safe Deposit Stocks. 84 78 United States Government Securities...•• 91 67 ............. Textile Stocks 73 ..... Railroad Bonds possible for the Railroad Stocks United States Territorial Bonds.......... 91 closing day of the month preceding the date of issue. The letter "f" prefixed to bond prices denotes that the quotation is a flat price—that is, that the accrued interest forms part of the price, and therefore the purchaser does not have to provide for it separately in making payment. In the case of income bonds and bonds in default, the price is always "flat," and no designating mark is employed to indicate the fact. ' Quotations for equipment bonds are based on average maturities. * Quotations for guaranteed stocks "and dividend" that is the accrued dividend must be paid in addition to the price. of these tables that the quotations for many inactive and unlisted securities are merely nominal, but in all cases the figures are obtained from sources which are considered reliable. The following abbreviations are often used, viz.: "M" for mortgage, "g" for gold, "gu" for guaranteed, "end" for endorsed, "cons" for consoli¬ dated, "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 bonds mature. are It should be borne in mind in the use . NOTICE—All bond prices Bonds Bid are "and interest" except where marked "f" and income and defaulted bonds. Ask Bonds 15 20 Atlantic Coast Line of S O— Gen 1st g 4s Juiy 1948 —J&J 92 Akron & Barb Belt g 4s 1942. JAD 100 Akron Canton & Youngstown— Gen & ref 6s 1945 series A. A&O f 40 Gen & ref 5 Ms 1945 ser B.A&O / 40 Alabama Great Southern— 94 RAILROAD BONDS Aberdeen &Asheboro 1st 5s'40J&J f Adirondack 1st 4 Ms 1942 gu M&S cons g 5s 1943 ser A—.J&D 105 102 1st cons 4s 1943 ser B_—J&D Eq trust 5s ser G 1938 A&O Alabama Tennessee & Northern— Prior lien 6s 1948 J&J Gen income 6s Oct 1948...J&J Alabama & Vicksburg Ry— 1st M g 5s 1974 st rles A..M&N Albany & Susq 3Ms g 1946..A&O Alleghany Corp— Coll tr conv 5s 1944..—.F&A Coil & conv 5s 1949....—J&D Coll & conv 5s 1950—.—A&O 5s stamped 1950-...A&O Allegheny Valgen 4s 1942..M&S Allegheny & Western— 1st mtgf guar 4s 1998....A&O American Refrlg Transit— Equip 5M®series E 1939..M&N Equip 5s ser F. G & H. *41-'45 Anacostia & Potomac— See Public Utilities. 108 104 M 1.5< 1.00% b 14 M 2 / / Atchison Topeka & Santa Fe— Gen mtge gold 4s 1995——A&O 4 : A&O 59 63 A&O 66 67 52 27 33 4Ms 1939--F&A 51 86 73 Conv g 4 Ms 1960 F&A Ref & gen 5s 1995 series A. J&D Ref & gen 6s 1995 series C. J&D Ref & gen 5s 2000 ser D..M&S Ref & gen 5s series F 1996.M&S 26 71 / / 51M 38 28^ 105% 53 45 106 M 32 35x4 31M 31M Eq tr 4Ms 1938-40 (yr)_._M&N Eq tr 4Ms '39-'41 O (yr)__F&A 6.59 6.50 Pittsb Lake Erie & W Va— 33 b 4.00 6 4.76 75 3.00 3.50 35 96 105 109M 109 M 101M 100M 100 100 M 100 106 111 110 102 50 1st M 4 M 1944 ser A J&J lot M 5s 1944 ser B__ J&J Atlanta Knoxville & Northern— 80 M 95 88 106 116 98 102 101M Atlantic City 75 93 97 1st cons 4s July 1 1952—M&8 Conv deb 4c 1939 op '16—M&N 88 88M 54 94 71 95 72 M 10-yr coll tr 5e May 1 '45. M&N 80 M 82 M Lou & Nashv 4h Oct 1 *52.M&N 72 74 1.75% 1.75% accrued QO 5.50% 5.50% 56 M 43 M 42 110 101M 111 104 103 106 107 106 107 106 Washburn Ext 1st 5s *39—F&A Battle Creek & Sturgia— 1st guar g 3s 1989 J&D 55 60 93 100 85 M 80 102 Equip tr 2 Ms 1938-1947 M&S b 2.75 Big Sandy Ry 1st g 4s 1944..J&D 107M Birmingham Southern— Equip trust 3 Ms Dec. 11938-46 2.25% 3.75 2.75% 93 60 96 Boonville St L & Sou 5s '51.F&A / Boston & Albany 5s Oct '63..J&J 58 June 1942 ...J&D 23 b 5s interest. Jan k 89 97 100 82 87 M 78 100 M 85 89 82 75 n Nominal. 44 38 38 42 40 36 Bale. 42 35 36 1945 AO M&S Equip trust 3Ms Dec 1 1938-44 Eq 4Mb 1938-1943 (yr) A&O Equipment trust 5s Boston & Maine (old)— 4s Aug 1942 .......F&A 3s July 1950 J&J Eq tr 6s 1938 (year) —J&D 42 40 % 35 b 4.50 b 4.50 b 4.50 34 30 6 6.00 Boston & N Y Air Line— 1st mtge gu g 4s 1955 F&A f Bost & Prov deb 5s July 11938— Boston Rev Beach & Lynn— 10 97 1st m 4Mb Juy 15 1947..J&J15 / 17 Gen mtge ext 6s 1938..J&J15/ 5 Boston Term Co 3 Ms 1947—F&A 93 4sl950 .J&J 98 M Brooklyn & Montauk— 2d (now 1st) glold 5s 1938.J&D 100 % Buffalo Creek 1st 5s 1941 J&J 82 1st ref 5s 1961 J&J 72 Buffalo Rochester & Pittsburgh— Con g 4Mb 1957 M&N Equip trust 5s 1938 J&D.b Buff & Susquehanna RR Corp— 1st 4s Dec 30 1963 J&J Burl Cedar Rapids & North— | Butte Anaconda & Pac 5s '44 F&A Cambria & Clearfield— 1st 5s g 1941 J&J Gen M g 4s 1955...l F&A Cambria & Indiana— 4Ms guar 1951 1956 5 M&S F&A J&D 15 4Mb guar 1955 40 yr 5s guar 1970 F&A 6s guar July 1 1969 J&J 5s guar Oct 1 1969.......A&0 58 guar 1954 .....F&A 16-year guar 3s 1950 J&D 13-year guar 3s 1950 J&D 16 21 15 94 M 100 80 31 4.00% 68 8M 7M 72 9M 9 98 106 100M 101M 94 114 114^ 115 k 117M 119M 116 119 118 97 Guaranteed 3s 1944 M&N 103 Guaranteed 2s. 1938 M&N 100 M 7-year guar 2a 1943 F&A 99 M 4-year guar 2s 1942 J&J 99 M 17-year guar 3s 1953 F&A 97 M Eq tr 4 Ms 1938-1942 (gu) M&N b 3.25 Eq tr 4Mb 1938-45 (ann).J&D b 3.25 Equipment trust 5a 3.25 Canadian Northern— S F deb 6Mb 1946 37 34 5.00% M&N b 4.00 . 95 1946 Last ser _ 85 ... 5s June 5s 1967 4 Ms guar Blrm Term 1st g 4s 1957 gu.M&S Bluff Point Land & Imp 1st 4s '40 July 1 1938...— J&J Ms impi 1978 F&A lgt mtge 4 Ms ser A 1943..A&O 3 Ms Jan 1 1951 J&J Ref 3Ms 1952 gu N Y O..A&O Boston & Maine (new) 5s Sept *41 4s-5e April i947 5s April 1944 m 1st m 4s 1955 ser 2 M&N 1st m5Ms 1961 ser JJ....A&0 Canada Atl Ry 1st 4s 1955.-J&J i Canada South 5s 1962 ser A.A&O Canadian National Iiys— 4 Ms guar 1957 J&J 101M Belt Ry of Chatt 1st 5s '45..J&J 40 43 43 May 1940 1st Ask 40 41 58 March 1942 5s Jan 1943.—..—.. Eq tr 5M« 1938 Belvidere Del cons 3 Ms 1943.J&J Bessemer & Lake Erie- Bid Con 1st & coil tr 5s g '34..A&0'/ Certificates of deposit.. / 50 Bay City & Battle Crk 3s '89 J&D Bedford Belt 1st 5s 1938 J&J Beech Crk Ext 3Ms 1951 A&O Belt RR & Stk Yds (Indplis)— 1st ref gold 4s 1939 M&N 4 Gen unlfser A 4Mb 1964..J&D price includeb M&N 36 H 32 Bangor & Aroostook— 5s 1st 4s 1951...J&J 1st 5s ext May 1 1954 M&N Atlantic Coast Line RR— Equipment trust 4Mb & 2.25 Eq 4Mb 1939-41 E <yr).__F&A b 2.25 Atlantic Coast Line (Conn)— Irred ctfs of indebt 5s—..J&D 89 Refund gold 4s 1941 8 W Div 1st 5s 1950 J& Toledo & Oin Div 4s 1959.J&J 1st M 5s g Jan 1 1943— J&J Cons refund g 4s 1951—...J&J 4s stamped 1951 Piscat Div g 5s Jan 1943..A&O St Johns Riv Ext gu 5s '39.F&A Van Bur Ext 5s g Jan '43.A&0 See Seab'd Air Line Atlanta & Charlotte Air Line— 88 84 101M & Ohio— 1st M 4s g July 1 1948 1st M 5s July 1 1948. 51 105 83 76 Baltimore & Harrisburg Ry— 1st M West Ext g 5s 1938.M&N sec notes Bonds Boston & Maine (new) Concl— 5b May 1943 5s 46 104 5-yr Atl & Blrm. / This 29 M 92 ... 5Basis. 99 31 27 M 88 70 Adjustment 4s July 1 1995 Nov Stamped M&N Conv g 4s of *09 due 1955. J&D Conv g 4s '05 due 1955 J&D Conv g 4s of '10 due I960. J&D Conv deb 4Ms 1948—J&D Trans S L 1st g 4s 1958 J& Cai-Ariz lst&ref4 Ms'62 opM&S Rocky Mt Div 4s 1965—J&J Athens Terminal Ry— 1st g 5g 1937-J&J 1st mtge gold 5s 1946.....J&D 1st cons 4s Mar 1 2002...M&S Atlanta Terminal 6s 1939—F&A 98 Ask 29 J&J J&J 1st mtge gu g 4s 1949 A&O Aug Term 1st gu g 6s 1947-.A&0 Austin & Northwestern— 1st mtge gtd g 5s 1941 J&J Augusta Union Sta 4s 1953..J&J 17M Baltimore _ Ann Arbor 1st g 4s 1995 Q-J Ark & Mem Ry Bridge & Term— 1st M 5s 1964 M&S Aroostook Nor 5s g 1947--—A&O Atl & Danville 1st 4s 1948 2d g 4s 1948 Atlantic & Yadkin— 42 42 _ 1st Bid ...J&J 124 104 100 M 100 M 124 M RAILROAD BONDS 68 NOTICE—All bond prices are "and interest" except where marked "f" and Income and Quotations for all securities are as near as possible for the closing day of the month preceding Cons deben 4s 22 1943. 8 f 4Ms Dec Coll tr 4Kb Chicago & North Western Cont. 85 X perpetual—J&J 20-yr coll tr 4 Ms 1946 Coll tr 6s 1954 97m 94m M&S 101% 15 1944—J&D 15 1960 -J&J M<^S Conv coll tr 6s 1942 15-yr conv coll tr 4s 1949--J&J Cony coll tr 3M« 1961— Conv coll trust 3s 1945 A&O Coll trust 2 Ms 1941 A&O Eq tr 5s 1944 J&J Eq tr 4Ms 1938-1945s-a—J&D Caro Cent 1st g gu 4s 1949—J&J Caro Clinch & Ohio 5s 1938-J&D Certificates of cons 107 1940-J&J 4s'48—J&D Cent Ark & East 1st 5s 10 Cent Br Un Pac 1st g 23m Central of Georgia— 1st M g 5s Nov 1 1945 Chicago Term 1st jet 4s 25 11 -?AA 6.00 6.00 6.00 Eq tr 4Ms 1938-*41 (yr)—F&A Central Pacific— 1st ref 4s g guar 1949— F&A 1st g guar 4s Oct 1 1954 A&O 5.00 Chicago Union Station— Guar 1st mtge 3 Xs ser Guaranteed 3 Ms 38 W* 26 34M 30 4.00% 99 59' 5s 1960 F&A & 80 75 European loan 4s 46 ——M&S Central RR & Banking of Ga— Feb. 26 Colltr g 5s 1937---—M&N fk 30 m Guar g 62 87 90 4.50 98 cons . b 101 ioim 2.00% 2.00% 2.00% 1.10% 1.00% 108 1.50 108 m 106m Series C 1.00% 108 m 107 X 104 J&D 81X 92% 64M 101 % 78 100 *40—j&j 86 107 % 66 102 99 22 104m 96 103 106 m 2.00% 4s 21 4.50% 88 M 3.25 101 42 m 104 m A&O Connecticut & Passumpslc 1st gold 4s 1943 1943 109 j&J Rivers 42 A&O M&S Concord & Claremont— 1st 5s 1944 104 F&A Columbus & Toledo— 1st ext g 4s 1955 Conn River gold 4s 90 75 —- 85 1940—F&A - is* 90 93 Mar 15 '51-M&S 15 116 M&S 11 Consol Rys 1 N II) deb 4s '54 .j&J / 11 Deb 4s 1955 j&J / 20 12 15 13 15 5% 5% 7m 7m 24 m 26 80 83 99 101 105m 103 m 111 106 m 112 100 110^ 12 4m 12m 4m 29 j b 32 28 37 32m 32m 32 6.75 6.75 6.75 6.75 / / f f 16 17 17 18 % 33 h 33 X 34 x 5.50% 5.50% 5.50% 5.50% Amended 1st con 16" Certificates of deposit— n Nominal. 4m 101 95 90 J&J J&J Genesee River 6s 1957 S£H 22 36 101 51 % 4.00% 3 7 5.00 5.00 10% 4.50 % 115" 99 m 18* 20 5.50 102 50 50 85 106 m 102 m 80 il* 92 96 m 98 M&N 95 m Gen 4s 1962 Can Govt gu.-J&J 109 m 4.00% 4.00% / / 14m 11 15 / 56 59 107 102 X '61 opt *41 -J&J ser B J&J J&J Gen 4Ms 1976 series D J&J Gen 4Ms 1977 series E J&J Gen mtge 4s ser G 1946 J&J Gen mtge 4sser H 1946--.-J&J Gen mtge 3Ms ser 1 1967--J&J Eq tr 2s 1938-1947 —M&S Eq tr 4 Ms 1938-1939 M&S Eqtr4Ms 1938-1940 D/yr) J&J Eq tr 5s 1938 1 yr) M&S 1st & ref g 4mb Gen M 5Ms 1952 95 m 87% 87% 100 91x 80% 2.70 1.75 2.00 1.25 Express 2.00 Eq 5s J'ne lo'38-"39 <vr)J&D Eq tr 4mb 1938-1940—J&D 2.25 Greenbrier Cheat & Elk— 88 J&J W Va Midland Ext 5s '54-J&J Greenbr Ry 1st g gu 4s "40-M&N Green Bay & Western— 1944 Debenture ctfs B Guantanamo & 85 104 X / Feb Feb A Debenture ctfs 15 92 % 4.25 80 Gen M 5s 1973 ser C 1st 5s 54 9m Western— 57 Guayaquil & Quito 1st 5s '32 J&J2 / 3 fk 42 / 33 / 33 .J&J 9 1st M 6s 1958 series A 98 3% Jan. 24 Gulf Mobile & Northern— 1st 5M« 1950 ser B 7 ...A&O A&O Ship Island RR— Feb '52.J&J Stmpd 1 July 1 1933 cpn on). 1st 5s 1950 series C 40" Gulf & J&J 50 8X 45 (Lake Superior) 4s 1955— 1st 4s Feb 25 '39 Alb gu—M&N Wostern Fruit 7 6 60 3m Great Northern— 52% 48 % 88* 95 24 J&J (Mountain and Prairie)4s 1955 48 m b 5 104 26 Pacific— 38m 9m 2% 4X 22 1st g gu 4s $ July 1 1950 J&J Eq tr 5s Dec 14 1938 '43 «yr)._ Grays Pt Term g 5s 1947 J&D 5.50 • 19 1st M 3s 1962 Gulf Terminal of Mobile— 1st mtge g 4s 1957 gu k Last sale, 1% IX Proof of claim riled Fort Dodge Des Moines & Sou— 1st 5s 1938— _-J&D 18 b 9m 1982 4 Ms 14 4.50 .—. (Nov '32 and May '37 coup). IS* 102 b 40 Grand Trunk Western— 50 X ex 2% 16 m 33 b / Proof of claim filed 1st ref & term g 5s 18m 17 X 17 X 18% / This price includes accrued interest, 20 Gen ref gold 4s 1950 —J&J 1st cons ref 4mb '52 opt.-M&N 1 st 4s Feb 15 '42 Alb gu.. 34 B—A&O I Eq tr 4Ms 1938 *42 <yr)..M&N Equipment trust 5s Equipment trust 5Ms. Denver & Rio Grande— 1st con g 48 1936— J&J 1st con g 4mb 1936 —J&J Denver & Salt Lake Ry— Inc mtge 6s Jan 1 i960-An Apr 1st 4s 1950 J&J Des Moines & Fort Dodge— Ctfs bf dep for gtd 4s 1935-J&J Des Plainos Val 4 Ms 1947.-M&S Det & Mack pr lien 4s 1995-T&D Mortgage gold 4s 1995—J&D 87 18 Certificates of deposit Georgia Fla & Ala 1st 6s '52-F&A 89 Georgia Midland— 1st g 3s 1946 83 m | --A&O Ga RR & Bkg ref 6s 1951—A&O 4s Jan 1 1947 J&J 2.25% Ga Sou & Fla 1st g 5s 1945 J&J Deb 5s 1952 A&O 43 % Eqtr 4Mb 1938-1939 s-a—M&N Girard Point St'ge 3 Ms '40--A&O Goshon & Deckert'n 1st 5 Ms 1978 2nd ext 6s 1979 M&N 112 Gouv & Osw 1st 5s g 1942 J&D Gr R & Ind 1st 4 Ms 1941 J&J 1st 3Ms 1941 J&J Grand River Valley 1st 4s 1959.. 40 Aug '55—F&A / plan —. / Assented subject to Ref & impt 5s 1978 ser 85 J&J / 96 Rio Grande Western— Gen income 5s R— 12 Denver & 105 38 16" 1943 M&N Delaware Lackawanna & Western Equip trust 4s Apr 1 1938-'49— 6% J&J 1st g guar 4s 1945 38m 1st & ref gold 4s 58 92 46 x 48 Copper Range RR 1st 5s '49_A&0 Cuban Nor Kys 1st 5Ms, '42 J&D Cuba RR 1st g 5s 1952 J&J 7Ms extended to 1946..— -J&D 6s extended to 1946— J&D Imp & equip 5s 1960....M&N Danbury & Norw ref 4s 1955.J&J Dayton Union Ry 1st 4s '49-J&J Del & Bound Br 3 Ms 1955-- F&A 55 l» s-a)—M&S . 1948-J&D Georgia Carolina & Nor— Ext at 6% to July 1 1934 102% Georgia & Florida RR— 1st M 6s 1946 series A M&N Delaware & Hudson— Indianapolis & St LouisaShort Line 1st 4s 1953 A&O 3hic June RR 1st 4s 1945. --M&S Dhic June Ry & Un Stk \ ds— Coll tr ref 5s 1940 A&O Coll trust ref 4s 1940 A&O Chicago Lake Shore & Eastern— 1st M 4Mb 1969 opt 1919.J&D Oblc Memp & Gulf os 1940.-J&J □hie Milw & Gary 1st 5s '48-A&O 3hie Eq 4MS '38-*4l H 10 A&O/ j&j f 1955 Deb 4s 1956 guar 13m 103 m 40 X 45 1st lien & ref M 5Msl938-A&0 M&S 1951 Deb 4s J&J / 5s gold 1943 Galveston Term 6s 1938. 106% 30 109 1st M gu 48 94 89 m cons Grand Trunk — 1st mtge s t 4Ms ser A '56 M&S Chicago Indiana & Southern Ry— Con mtge g 4s 1956 guar—J&J Chicago lndlanap & Louisville— Ref M g 6s 1947 series A_„J&J Ref M g 5s 1947 series B—J&J Ref M g 4s 1947 series O —- J&J / 1st & gen 58 1966 series A-M&N 1st & gen 6s May '66 ser B.J&J Monongahela Coal— Non-cum iuc 5 1955(w-s) — 62 102 X 102 X Fort St Un Dep Det 4 Ms '41-J&J Houston & Henderson Connecting Ry «Phila)— 1st 5s 91 Ga & Ala Term 1st g 5s 9l" 1980—M&N 1948 lst 105 Columbus & Hocking Valley Ext gold 4s 91 91 91 B 1940--J&J J&J Ga & Ala 5s Oct 1945 . Col & Pt Deposit 103 1940 106m f 4 Ms General mtge 4 Ms 1977—F&A 104 . Olinchfield 16" A&O Galveston 104 m 1977 series O—A&O RR— „o Equip tr 2 Ms ser A 38- 52 M&S Coal Rlv Ry 1st 4s gu 1945-J&D Colorado & Southern— s 20 16 m 16 Florida East Coast 4Ms '59-J&D f 1st & ref 5s 1974 M&S / Certificates of deposit / 85 m 82 104 108 83 1st 20 Fonda Johnstown & Gloversv— 108 f 5 M8 1972 series A—A&O s f 5s 1973 series B . A&O 1st M 114 20 M&N Florida West Sh 5s 1934 104M 95 s 53 m 28 Florida Southern— 4mb gen gtd 1942—J&J Ser B 4mb gen gtd 1942—A&O Ser B 3Ms gen gtd 1942—A&O Ser O 3Ms gen gtd 1948—M&N Ser D 3 Ms gen gtd 1950—F&A Gen & ref 4Ms 1977 ser A-F&A Gen & ref 4Mb 1981 ser B-.J&j Cleve Short L 4M» 1961 A&O Cleveland Terminal & Valley— 1st 4s gold guar 1995——M&N Cleveland Union Terminals— 1st 1971 ser A—F&A Illinois Div 3 Ms *49 op '29.J&J 4s July 1 1949 J&J Eq tr 2 Ms 1938-47—.—._A&0 b Chicago & Eastern 111 • new colGen M 5s May 1951 M&N / Certificates of deposit f Chicago & Eastern Illinois— 1st consol 6s gold 1934 A&O / Chicago & Erie 5s 1st g '82.-M&N Chic Great West 1st 4s 1959.M&S / Erie & Pittsburgh— Gen gu g 3 Ms ser 100 Ser A 1st & ref g 5s nasts 45 100 '40-M&S White W V Dlv 1st 4s 1965 gold 4s 1996 .J&J Gen lien gold 4s, 1996.. J&J Conv gold 4s 1953 ser A.-A&O Series B 1953 A&O Series D 1953 A&O Prior lien Eq 4Ms *38-'41 LL (s-a)—M&S Eqtr4Msl938-'43 (s-a)..M&S Equipment trust 5s Equipment trust 5 Ms Erie & Jersey s f 6s 1955^ J&J 102 4s'90 M&N Spr & Col Div 4s 1st g A&O 1st & ref 5s 1965 Ref & imp M 5s 1967 Ref & impt M 5s 1975 Cleveland & Pittsburgh— Chicago & Alton RR— Refunding g 3s 1949 A&O Chicago Burlington & Quincy— Gen M 4s 1958 --M&S n 80 95 J&D E 1977-J&j St L Div 1st col trg J! -—J&J 50-yr 5s 1975 series A -F&A Conv adj 5s Jan 2000 A&O Ohicago Milwaukee & St Paul— Gen g 4s A May 1 1989—.J&J Gen g 3 Ms B May 1 1989.J&J Gen 4 Ms May '89 series O-J&J Gen 4 Ms May '89 ser E—J&J Gen M 4 Ha May '89 Ser F.J&J Eq 4Mb *38-*43 E & F iyr). J&J Eq 4hs '38-'41 G & H <yr) J&J Eq tr 5s '38-'40 ser B iyr).F&A Eq tr 5 Ms 1938 A&O Dhlcago & North Western— Gen M3Ksg 1987 M&N Gen M gold 4s 1987 M&N Stmpd non-pay Fed inc tax— Gen M 6s '87 stpd inc tax.M&N 106 37 40" Cairo Div 1st g 4s 1939 J&j O W & M Div 1st 4s g'91--J&J 301* Val 1st 5s g "41 -M&S Lancaster 5s '55 F&A □hie Milw St Paul & Pac R 107 A&O El Paso & R I 1st gu 5s 1951-J&J El Paso & Southwestern RR— 35 J&J Ref & imp 4M8 ser 109 X Williamsport— ^ A&O General 4s gold 1993 Gen M 5s ser B 1993 120 100 1950-J&J 90 86 14m 1940—F&A 4s & 1st 6s 1910 ext at 4% Income 5s 2862 57 m 52 31 1951-J&j 1943 guar g 106 X A&O Edmonton Dun vegan & British Columbia Ry 4Ms 1944—A&0 Elgin Jol & East 5s 1941 .—M&N Cleveland Akron & Columbus— 105 Warm Spr 1st & ref 4 Ms ser B 84 50 _M&N Eastern Ry of Minnesota— Nor Div 1st g 48 1 948 Clev Cine Chic & St Louis— 103 Eqtr 5s 1938 iyr).— M&S 15 Craig Valley 1st 5s g 1940-J&J Grain Elev 1st 4s 1938——A&O Paint Creek Br 4s 1945 F&A Potts Creek 4s 1946 J&J R & A Dlv 1st con g 4s *89-J&J 4s 1989 5X Cincinnati Union Term Co— 1st 75 M&N 1st extended 5s 1965 Consol 1st g 5s 1956 Florida Central & Penlnsula- Eq tr 5s 1938 iyr)-- 1st gtd 5s 105" M&S East Tenn Va & Georgia— 8% 89 m 85 m 1942 M&N 1948—-F&A Cin Northern Ii R 1st 4s 1940—J&D East Tenn & Western N C— 8 103% 1965-M&N Cin N O & Tex Pac Ry— 60 1944---——J&J notes, 1945 —J&J notes. 1946 -J&J Equip tr 2s 1938-1947 M&S Eq tr 2Ms 1938-1946 J&D Eq tr 3s. 1938-1950 A&O Eqtr 4 Ms '38-'40 (yr)—-A&O con g 107% Cine & Musk Val 4s 3.00% 96 notes, 2d 1st consol gtd.4s 22 -J&J 1958 1st 4s 5s stamped 1st mtge g 58 sories C '57-M&N 1st M 3 Ms ser D 1971 M&N Clearfield & Mahoning— Carolina— Chesapeake & Ohio— 1st cons g 5s 1939—--—M&N General 4Mb gold 1992—-M&S Ref & imtp 3Ms D 1996--M&N Ref & .mpt 3 Ms ser E 1996 F&A notes. 1940 J&J notes, 1941 J&J notes, 1942 J&J notes, 1943 J&J Ohesterf & East Penn 109 X 108 X J&5 gold 1942 65 J&J 1949 1st gold 5s 1937 Dutchess Co RR 4M8 105 m Consol gold 5s 1952 M&N Cincinnati Hamilton & Dayton— General 5s 108 X Duluth South Shore & Atlantic— 8% 105 1951—M&S Cin Ind & West 1st 5s 1938-'44 <37) — 1946—A&O Ohatt Rome & Sou 1st 5s 47 J&J Chattanooga Sta 4s 1957 gu—J&J 17 m 47 1st 4mb Cincinnati Lebanon & Northern— 89 m Eq tr 5s Dec 14 5% 5.50% 5.50% 108 % 1963 J&j E 1963—j&j Chicago & Western Indiana— Consol gold guar 4s 1952_ -J&J 1st & ref M 4 Ms D 1962—M&S Choc & Memph 5s 1949 j&j Choctaw Oklahoma & Gulf— —L. 9 Char & W Carolina 5s Dexter & Piscataquis— _ ——A&O 1944 4s 47 X 101 Detroit & Toledo Shore Line— 1st gold guar 4s 1953—.—.J&J Elrolra 57 . J&J 1964 11 11 75" ■7 1 10 X 64 1st M 4s series D 9M 1st ref 6s 1937-1976 Central Vermont Ry— 1st 5s Mar 106 M&N Detroit Toledo & Ironton— 78 x 50 62 1st & ref g 5s Dec 1 '60 opt J&D Inc mtge 5s Dec 1 1960—M&S 6 1942-—M&N '41-M&N 19 20" Chic Terre Haute & Southeast-— Eq tr 4Mb '38-'40 ser P<yr)M&S b Eq tr 4 Ms '38-'40serQ<yr)M&N b Eq tr 5s 1938 fyrlv)—.._J&D Ohatt Div gold 4s 1951—J&D Macon & Nor g 5s 1946—J&J Mid Ga & Atl 1st 5s 1947—J&J Mobile Dlv g 5s 1946 J&J Oconee Div 1st 5s 1945--—J&D Cent New Eng 1st gu 4sl961 J&J Central of New Jersey—• Gen M mow 1st) g 5s 1987.J&J Gen M 4s 1987 -J&J Central RR of South conv . _ Cons gold 5s 1945 M&N Ref &gen 5 Ms 1959 ser B.A&O Ref & gen 5s 1959 ser C—A&O Coll tr 5s ext'd to / / M&N / 4^b 1960 Trustee ctfs 3 Ms 1947 Chicago St Louis <Sc N O—^ Con g 5s Juno 15'51—J&D 15 Con g 3Ms June 15'51-J&D 15 Mem Div 1st 4s 1951 J&D 30-yr 1st mtge guar g 4s 1981—J&D Oatawissa RR g 4s 1948 A&O 8 734' 8X 7 34 5M 81 / / Sec 4 Ms 1952 ser A M&S Sec 4 X ser A certif of dep. - - - - 101% 6s 1952 ser 16M deposit------ / Ref g 4s 1934optto 1911.-A&O Certificates of deposit----- - A—J&D 15 Carthage & Adirondack— 1st Detroit Term & Tunnel— 1st guar 4 Ms 1961 _ GenM4 Ms'87 stpd inc taxM&N / 16% GenM4Ms'87 stpd inetaxM&N / 16% 15-year 6Ms Mar 1936—M&S/ 1st & ref 5s May 2037 J&D / 10 1st & ref 4Ms May 2037-J&D/ 10 1st &ref4Hs May 2037 O J&D/ 10 X nonvg4%s 1949 8er A M&N/ 5X Eq 5s 1938 O iyr) J&D b 6.25 Eq 4Ms '38-'42<yr)ser A.M&N b 6.25 ChicR I&Pa<? Ry— General gold 4s 1988 J&J / 17 Bid Bonds Ask Bid Bonds Ask Bid Bonds Canadian N W 4 Ms Oct Canadian Pacific— defaulted bonds the date of issue 55 52 117 March, 1938] RAILROAD NOTICE—All bond prices Quotations for all securities Bid Bonds Harl R & Portch—See N Y N are are Ask h&Ha rtford. Harris Ports Mt Joy & Lane RR Ext 4s 1943 J&J Hobo ken Ferry 5s 1940 M&N 35 40 Hocking Valley 1st cons 117% Eq tr 5s 1938 (ann) A&O Eq tr 5s 1938-1939 (yr)—J&J Holldaysburg Bedford & Oumb 1st M g 4s 1951 guar -J&J Holyoke & West 4%s 1951 A&O Housatonic con 5s 1937 M&N 1st M 4%s 1957 conv Illinois Central— 1st 20 37% > 40 53 % 53 % 19 % 54* Indiana Bloomington & Western— 1st ext 4s 1940 A&O Harbor Belt RR— Genl mtge 4s 1957 J&J Nov 17 93 45 50% 40 1st gold 4s J&J J&J 1950---- Indianapolis & Louisville— 1st 4s 1956 J&J f Indianapolis Union— Ref & imp M 3 %s ser B *86 M&S Internat-Great North Ry— 1st M g 6s 1952 series A J&J Adj m 6s July 1952 ser a.April guar 1st M 5s 1956 series B 1st M 5s 1956 ser C " J&J J&J Eq tr 4%s 1938-42 (yr)—A&O Internet Rys (Central Americal— Purch money 5s 1972 J&J 1st M 5s 1972 opt M&N iRt 1 & ref 6%s 1947 F&A Debenture 4s 1961 J&D Interstate Transf Ry 5s 1945-J&J 1st g 5s 1938 J&D Certificates of deposit 1st & ref g 4s 1951 M&S Iowa Cent Jacksonville & Gainesville & Gulf Ry 1st 5s 1951 A&O / Jackson I>anslng & Saginaw— 1st 3%s Sept 1 1951 Jacksonville Terminal— 1st 5s July 1 1939 Ref & ext 5s series A 1967—J&J Ref & ext 5s series B 1967—J&J 6i July 1 1967 Jamestown Frank Joplln Union Depot Co— 1st g 4 %s 1940 guar 1st 5s June 1 1944 opt-M&N J&D Kalamazoo Allegheny & Grand Rapids gtd 5s *38-.J&J Equip trust 3 %s to 1946-_A&0 Kana & Mich 1st 4s 1990--A&O Kan City Ft Scott & Memphis Ref g 4s 1936 guar A&O Certificates of deposit K C Mem & Bir 4s 1934 1st & ref 3%s ser e 2003--A&o — — Equipment trust 5s 1955—m&n Pad & Mem Div 1st 4s '46-f&a 38 4.25% 2d mtge 3s 1980 m&s Mob & Mont 4%s 1945—m&s 4.75 4.75 4.50 59% Southern Ry joint gold 4s, 1952 Macon Terminal 5s 1965 1st mtge & coll 4s ser a *45 j&d Conv gen 4%s ser a i960-j&d Secured 6s 1959 1st ser—j&j 95 Manila rr Sou Lines 4s '39-m&n Philippine Govt gu M&n Manitowoc Green Bay & Western 1st gtd 3%s 1941 j&j f Maryland St Pa 1st g 4s *51-m&s 1st cons a 6s 1963 a&o m'shfield & s'east—See Wis Cent 111 78 90 13 20 Memphis Union Station co— 1st g gu 5s Nov 1 1959—m&n 99 % 19 % 15% 15 % 5.50 Meridian Term 4s *55 20 5 5% it* 4.00% 73 Ref 76 so % 1st Mtge m Air l 4s 94 75 102" Midi Midland J&D M&N Gen con go <1 4 His 2003—M&N Gen con gold 5s 2003....M&N 89 104 102 1940 J&J Lehigh Vail Term 5s 1941..A&O Lehigh & N Y 1st 4s 1945..M&S Lex & East'n lstgu 5s 1965..A&O Lincoln Park & Charlotte— 6s 1939 b Basis. J&J 96 1st 6s Con ext Cons 60 57 86 87% 55 1st 65 105 107 99% ext 1st refdg gold 78 receipt No 4 on Naugatuck 1st 4s 1954 New Eng cons 4s 1945 gu Consol g 5s July 1 1945 n Hav & No Ham 4s 1956 guJ&d n j June 1st 4s gu 1986 f&a 45 44 117% 28% 25% 29% 27% 1st 1st 2d 73" 1st 69 64" 4s 1949 m&s 1.00% 2.50% 108% gold 4s 1938 j&j cons gold 5s 1938 j&j cons 5s 1938 gu Int....j&J m gold 4s guar 1949—j&j ref 6s 1946 series a j&J cons 1st ref 5%s 1978 ser b 25-year 5%s 1949 Secured notes 5s 1938 Eq tr 4s 1938 s-a_. 64% , j&J m&s f&a j&d15 m St p & ss m & Cent Term Rylst Ch Ter s f 4s ^lop'lg- m&n Minn Terminal 1st 3 %s '50—j&j Minn Transfer Ry 3%s 1956.j&o Missouri Illinois Bridge and Belt 91 50-year 1st 5s 1983 Extended at 5% 1940 Ref & Impt 6% 100 100 rr 97% 95 1951 RR5s 1959 Prior lien 4s 1962 ser b j&j Prior lien 4%s 1978 ser d.j&j Adj m 5s Jan 1967 ser a—a&o Eqtr 2%s 1938-1952 f&a 97% Mo Kan & Tex (old company)— 1st gold 4s 1990 —-j&d Mo Pacific rr (new company)— 1st & ref 5s Jan 1965 a Certificates of deposit 55 60 83 72 76 57% 22% 23% 24 30 31% 48 54 62% 77 95 10-year 3%s sec s f 1946—a&o 3 %s conv secured 1952 M&n 18% 18% 25 55 6% 2% "l% 58 m c coll tr g 7 73% 97 12% 13 70% 44% 115 8 3% 96 4.00 96 50 n y 47% 40% 39% 21% 4.00 63 71% 4% 1st guar 5s 1953 series b New York & Erie rr— Mobile & m&n 7% 92 n Nominal. 85% 60% 56% A&o m&s 4.50 4.25 105% 106% f&A M&n / m&s / 98% 92 100 mtge 4%s 1938 M&s / .... n y & Greenwood Lake Guar g 5s 1946 M&n f 22 ny&Har 1st g3%s2000—m&n 100 100 3d 48% 42% 45% n y & Hob n 3.00% 64% 24% 24% Fy 5s May '46... J&d y Lack & 1st & ref 4s 40 102 30 40 65 75 Western— 1973...M&n 1st & ref 4%s 1973 ser b—m&n New York & Long Branch— General gold 4s 1941 m&S General 1st 5s 1941 m&S ny & ne Bos Ter 4s 1939-a&o n y New Haven & Hartford— Deb 6s Jan 15 '48 conv_.J&Jl5 Deb 4s May 1 1957 m&n Deb 4s July 1 '55 non-conv j&J Deb 4s 1956 non-conv M&n Deb 4s 1947 non-conv...M&s Deb 3%s March 1947 M&s Deb 3%8 1954 non-con v.. A&o Deb 3%s 1956 conv......j&j 15-year secured 6s 1940 A&o 1st & ref 4%s 1967 j&D Equip tr 4 %s Sept 15 1938 to ser Mar 15 1945 a (s.-a.)—m&s15 90 95 97% 98 / .... / f / / / / / / / / 20% 9 12% 12% 12% 14% 15 15% 29 21 6 5.25 99 14$ 17 25 19% 18 20 16% 30 22 Equipt tr 4%s '38-*46 (yr).j&J b 5.25 68% Birmlngham-r- Prlor Hen 5s, 1945— Gen m g 4s 1945..... * Last sale 5.25 1st 4s ext g 1947-. 1939 2d ext 5s 32% 22% 22% 5% 6% 5.25 2%s Mar 15 1938-1952—. Chicago & St Louis— a&o 10-yr coll tr 4s 1946 f&a Equip tr 4 %s 1938-*44 (yr)f&a Equip tr5s 1938 (yr) f&A Equip trust 3s July 1 1938-'51 Nov 15 New York Connecting rr— 1st m 4%s 1953 series a f&A 22% IV* 24 2.25 2.25 3.25 3.15 3.00% 24 24 99 j&d 1st 3%s extend 1947 3-year 6s Oct 1 1938 Ref 5 %s 1974 ser a Ref 4 %s 1978 ser o 13% 32* 101 28 1938-1939 4 %s Mar 15 1938-'39 -m&s 4 %s 1938-1945. M&n 5 67 91 76 3%s 1998—f&a Spuyten Duyvil & Pt Morris— 3%s 1959 j&d n y Cent equip trusts— 3 3% 2% 90 30% 75" Deb 4s 1942 tax-exempt--j&j Ref & ref 4 %s ser a 2013—a&o l s coll tr g 3%s 1998 f&a 5s it* 65 New York Central & Hud RivRef g 3%s July 1 1997—j&j 40 24 4% If* Ref & impt 4%s 2013 a—a&o Ref & impt 5s 2013 o a&o 74% 24 Secured 5%s 1937-1956—-j&d Equip trust 5s 1938 ,40(yr)M&s Eq tr 4%s *38*'44 f (yr) ..M&n Mo Pac (old)—Gen 4s 1975.M&s 3d 7s ext to July 1938 at „ 32* 5.50 — 22% Oonvg 5%s 1949ser a...M&n 25% If* New York Central rr— 1st & ref 5s 1978 ser g-.m&n Certificates of deposit.. 57 30 32% f&a 35 1st & ref 58 1980 ser h...A&0 Certificates of deposit 1st & ref 5s 1981 ser i f&a Certificates of deposit 95 50 f&a 1st & ref 5s 1977 ser f—-m&s Certificates of deposit 102 37% 63% 1st m 4%s 1956 series d_.f&A Equip trust 4%sl 65 4s 93% 88 88 Newport & Cincinnati Bridge— 1st m g 4%s 1945 guar .t&j Newport & Uichfor Is 5s 1941 80 89 ser 18 m&n a.-j&j Certificates of deposit 1956 series o 17 19% 60 j&j 35 J&j j&j cons 4%s 52 —. 3 99 A&o Certificates of deposit 1st m 5%s 1954 series a—a&o 100% 63 30 88 / 1st 5s 1954 series b 45" 16% " New Orl Term 1st 4s 1953--j&j New Orleans Texas & Mexico— Non-cum inc 5s '35 ser a a&o 84" 62 25% ...j&j Income deb 5s 2032 New Orl & Nor East 6s 1915 85% oV/B 30 New Lon Nor 1st 4s 1940 j&j New Orleans Great Northern— 80 Mo kam & Okla 5s 1942 m&s Missouri-Kansas-Texas rr— Prior lien 5s 1962 ser a j&j Mo-Tliinois 96 1951 M&n j&j j&j n j & n y 1st ext 5s 1950—m&s General 5s Jan 1 1938 Minn 8t p St Sault Ste Marie— 1st off, .1951 60 Minneapolis Northfield& Southern Ry 1st6s '41—m&s 104% coupon Assent cash warrant and scrip 80 : 2% 1% April 1914 25 51 Ref & ext 5s Feb '62 ser a.q-f Certificates of deposit 101 scrip ret No 4 on *26 4s(Apr 1914 coupon on) 1951 at Certificates of deposit 100 % 99 1913 con 90 70 1% 1% / warr't & 3.25% 3.25% 4%s 1939 6s 1% scrip receipt No 5 on 1977- / 85 16 1 Natlonal rr of Mexico— Prior lien 4 %s assent cash 60 80 98 3.25 receipt No 4 on 1957 coupon off 1977— Assent cash warrant and 96% 2% 2% 1% 63% Gtd gen s f 4s (Apr '14 coup on) April 1914 53 116 52 f&a Cons mtge 4s 1998 ser a..f&a 4%% to 1934 (1884) j&d Mil Sparta & nw 1st 4s 1947m&s m11&State Line 1st 3 %s 1941. J&j Minneapolis & St Louis— 1st 7s '27 ext at 6% 1932-. j&d / 1st consol gold 58 1934—m&n 84 113% 82 95 40 56 St Assent cash warrant and scrip 42" 65 m&n b.m_&n July 1914 coupon on 1957— July 1914 coupon off 1957 1910 1st ext 4%s 1939.-- 99" 100 1 Price includes accrued interest. j 35 95 Eq tr 2%s 1938-1952 M&s National Rys of Mexico— Prior lien 4%s— Jan 1914 coupon on 1957 85% 77 4.25 88 107 113 j&j Nashville Chattanooga & 1st m 4s 1978 ser a Milwaukee & Northern— Lehigh Valley Ry of New York 1st 4%s gold n 5% to 1940 A&o Midland Valley—5s 1943—a&o Adj m Apr 1 '53 ser a Sept Adj 5s series 3 1953 Sept 6 108 of ext at 19% 62 117 Wyoming & Southern— m&s 1st 5s J&d 99 99 17% 104 a&o Constr'n 5s 1955 ser a Constr'n 4%s 1955 ser rr 4% franc bonds (Foreign series) 1960 6% 2% 1.75 3.25 m&n 96 96 50 105 1940--j&j 1st g 4s Jol & n Ind 1957-j& j10 1st gold 3%s 1952 m&n Middlesex Val 1st 5s 1942—m&n 14% 102 111% &lmpt4%s 1979 ser c.j&j 1st 56 Kal & s h 1939 83 90 guar.m&n Sept 1914 coupon on 1977.m&s Sept 1914 coupon off 1977 m&s 4s Asst(ca8h warr & coup)-1977 Michigan Central— 8ee Industrial bonds. Con M 4%s ann irred Gen cons gold 4s 2003 107 78 Mexican International— 99% Irred......J&D 111 __ 1st mtge 5e ext at 3% to'47 J&J 2d 5s 1941J&J Lake Shore & Mich South— ann 1.25% 4s 1939 ext to 1959 107 accr Con M 6s 80% 1.75 106% 4.25 Equipment trust 5s Equipment trust 5%s 102 1st mtge 4%s ungar 1961 Lake Erie & Western RR— Lehigh & Lake Erie 4%s '57-M&S Lehigh & New England— 1st M gold 5s 1945 J&J Gen mtge 4s ser A 1965...A&O Lehigh Valley Harbor Term Ry— 1st mtge 5s 1954.. ...F&A Lehigh Valley— 1st gold 4s 1948 ..J&D 90 85 __ . 79% Acer int at exch rate 4.8665— Cong g ref 3%s 1997 J&D Leamington & St Olatr 4s '45 A&O Lehigh Coal & Navigation— 87 Maine Central— 74% 50 j&j j&j 1947 1st 5s IV* 80 79 % 89 int at rate 4.8665— 1961--. J&J Monon coll j&j l & n Term 1st g 4s '52 gu j&d Macon Dublin & Savannah— 99 Montour rr 1st 5s 1963...f&a Morris & Essex 3%s 2000 j&d South East & St Louis Div— 107 Plain 91% ah k & Cin Div 4s 1955 14 96 45 Monongahela Ry co— 1st mtge 4s ser a 1960—m&n Monongahela Sou 5s 1955 a&o 6s Montana 74% 13 Montgomery & Erie 1st 5s 1956-- 1st & ref 4%s 2003 ser c—a&o 1st & ref 4s ser d 2003—a&o Ask 58 1st guar g 4s 1991 m&s Consol gold 3%s 2002 M&s Monon Coal—See Chic Ind & Lou 1st mtge gold 5s 1939 Montauk Ext 1st 5s 1945 103% 97% 93% 4.25% 4.25% 4.25% 3.75% 98 % 81% J&J Stmpd 24 22 94% 4.75 Kentucky Cent 4s g 1987 J&J Kentucky & Indiana Term RR 1st M 4 54s 1961 (sterling) _J&J 1978.- 78 4.00 A&o 4.75 Kansas Oklahoma & Gulf— 5s 1.50% 2.25% 55% 78% 3.25% 103 4.0% Bid Gen .gold 4s, 1938 m&s Ref & impt 4%s 1977 m&s Secured 5s 1938.. M&s r Eq 4%s 1939-41 (yr)—j&j15 Eq tr 5s 1938 (s-a) M&s Eq tr 5s 1939 (year) j&j Montgom Div g 5s 1947--f&a / Mohawk & Maione— Gen -j&j Unified gold 4s 1940 1st & ref 5s 2003 ser b 41 % W* 70 M 89 106% 48 40% Sept 1 Kan City Sou—1st g 3s 1950 A&O Ref & Impt 5s Apr 1 1950—J&J Eq tr 5%s 1938 (year) —.M&S Eq tr 3s F Jan 1 193943— Kansas City Terminal Ry— 1st g 4s 1960 opt 1930.....J&J 1st 89" 106 73 1934- 91% Louisville & Nashville— 53 % M&S Income 5s Mar 73 gold 4s 1945--M&s Guaranteed Bonds Mobile & Ohio— ff 105 Kal & Sou Haven—See Mich Cent Kalamazoo & White Pigeon RR 1st gold 5s 1940— J&J Kanawha Br & Ter 5s 1948. A&O 106 1st mtge gold 5s 1946 j&j Louisville & Jeffersonville Bridge 55 & Oleartleld 1st g 4s 1959 guar J&D Joliet & Northern Inci 4s 1957 J&J 1969—-j&j Louisiana & Ark 5s a 42 37% 99% gold 4s 1939 guar j&J / 10 Long Dock cons 3%s 1950—a&o Long Island— 85 Unified g 4s. 1949 M&s Gen mtge gold 4s 1938—.-J&d 100532 86 Refunding mtge 4s 1949—m&s 4s stamped 1949 .-m&s 2.50 Equip tr & 1938-39 (yr)_. A&o 3.25 Equip tr 4 %s 1941-45 (yr) -f&A Los Ang-Pac Co ref 4s 1950—j&j si** 1st m gold 5s 1935 —-A&o / Louisville Henderson St St Louis— 96 S* Ask 98% Louisiana & North West rr— 92% k 69 1st 95 Indiana Gen mtge 4%s 1957 Indiana Illinois St Iowa— Bid 58 gold 4s 1951 1st gold 3%s 1951 Main L ext 1st g 3%s 1st g 3s sterling 1951 V 1.25-/0 101 F&A J&J -J&J '51-A&O M&S Coll trust gold 4s 1952—A&O Col tr L N O & T g 4s '53.M&N Ref mtge 5s 1955 M&N Ref g 4s 1955 opt 1918--M&N Pur liens 1st g 3%s 1952-.J&J Jt 1st ref M (I O & C 8 L & N O) 5s 1963 ser A J&D Series C 4Hs 1953 J&D 40-year 4%s Aug 1 1966-F&A Eq tr 4%s 1938-1939 K—F&A Eq tr 4%s 1938-1940 L—A&O Eq tr 4 %s *38-'41 M (s-a).M&N Eq tr 4 %s 1938^11 Ser N.A&O Eq tr 3s ser R 1938-1952--M&S Carlo Bridge 4s g 1950--J&D Litch Div 1st g 3s 1951—-J&J Louisv Div 3^8 g 1953 J&J Omaha Div 1st 3s g 1951 F&A St Louis Div 3%s g 1951—J&J St Louis Div 3s g 1951—J&J Sp'field Div ext 3%s 1951 J&J Western lines g 4s 1951—F&A 118 1.00 1.50 1.75 Hudson & Manhattan— 1st gold 5s 1957 opt F&A Adj inc up to 5% Feb '57.A&O Bonds Litchf & Madis 1st 5s 1959-m&n Little Miami guar 4s 1962.-m&n Little Rock & Hot Spr West Ry— 106 Ry— gold 4%s 1999...J&J BONDS "and interest" except where marked "f" and Income and defaulted bonds as near as possible for the closing day of the month preceding the date of issue j&j 73 j&j 35 4.50% 4.50% b 5.25 4.50% Equipment trust 5s Har Riv & Pt Ohes 4s '54 M&n / ny&nj Ferry 5s 1946 J&j 77 30 RAILROAD BONDS 70 NOTICE—All bond prices ere "and Interest" except where marked "f" end Income end defaulted bonds Quotations for all securities are as near as possible for the closing day or the month preceding the date of Issue Bid Bonds New York Ontario & Western— Ref 1stg4sJune 1992. MAS/ Gen M g 4s 1955 red—...J&D / N Y Pennsylvania & Ohio— Ask 9% 9 6% , 85% Philippine Railway— 1st p 48 1937 s f cpt gu...J&J Piedmont & Northern— 98 / 80 101 Income 4s Jan 1 1939 M&N 100 Stock trust ctfs 4s 1948—J&D 97 N Y Prov & Bos 4s 1942 A&O/ 94% 63" N 1 & Putnam 1st 4s g 1993.A&O N Y Short Line 4s 1957 F&A 103 N Y & Stamford 4s 1958 M&N / 25 N Y Susq & Western— -J&J / —F&A f Gen mtge. 5s g 1940....-F&A Term 1st g 5s 1943 M&N N Y Westchester & Bos By— / 1st M g4His 1946 guar—J&J / Nord Ry s f 6%s 1950—...A&O 1st refunding 5s 1937 2d mtge 4%s 1937 Norfolk & Car 1st 5s 1939...A&O 2nd 6s 1946 J&J Norfolk Southern— 4%s series B 1942 12 3%s series E 1949 7% 10 96 4s series H I960 4 %s series 1 1963 94 / / / / 14% 16% 15 70 28 53 9^1 105% Norrist'n & Maine 1st 4s '52 M&S Northern Central— Gen & ref 5s 1974 ser A..M&S Gen & ref g 4%s ser A '74.M&S Northern Ohio Ry 1st guar 6s— 118% 101 125 115 Apr 1 1935 & sub coups 1945.. / Apr 1938 and subs coupons / Ctfs of dep stmpd as to sale of April 1933 to Oct 1934,1945- / Stamped as to sale of Apr 1 *33 to Oct 1 1937 coupons / Northern Pacific— Prior lien g 4s Jan 1997.—Q&J Gen lien g 3s Jan 2047 Q&F Ref & imp 4 Ms 2047 ser A.J&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 118 70 60 ... 70 70 91% 62 61 * 66 \ 80% Eq tr 4%s 1938-*40 (yr)M&S15 6 2.25 Eq tr 2%s 1938-1947 M&S b 2.75 Eq tr 2%s 1938-1946 J&J b 2.70 25 Nor RR of N J gen 4%s 2000. J&J / No Ry of Cal 5s g gu 1938A&0 101% North Pennsylvania RR— 91 Gen g 3 3-10s 1953 J&D Northwestern Terminal RR— 1st M 5s 1977. An .-Apr 5s 1948 Norwich & Worcester 4 %s '47M&S 67% 81% 74 75 1.50 2.00 2.00 102% Old Colony RR 4s 1938 1st M 5%s 1944.. J&J/ 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 17 17 17 17 15 15 108% Pac of Mo 1st ex g 4s 1938—F&A 2d ext 5s gold 1938 J&J Cardelet Br 1st 4%s 1938. A&O St Louis City real est 5s *38 J&J Paducah & 111 1st 4%s 1955-J&J Paris-Orleans extl 5Ks 1968 M&S 6% franc bonds (foreign series) red to 1956 J&D Paterson Extension 5s 1950. J&D Paulista Ry 1st 7s '42serAM&S15 Pennsylvania Company— 28-year secured 4s 1963...F&A Gu tr ctfs g 4s 1952 ..M&N Gu tr ctfs g 3 %s 1941 F&A Gu tr ctfs g 3%s 1942 J&D Gu tr ctfs g 3%s 1944 J&D Pg&N Y Canal con 5s 1939 A&O Cons mtge 4%s 1939 .A&O Cons mtge 4s 1939A&O 109% 115 1st cons guar 5s 1946. J&J Oregon-Wash RR & Nav— 1st & ref g gu 4s '61 opt._J&J PacFruit Express—See Sou Pac— 116% 103% / 1Q3% 85 UK 84 84 75" 88 23 70 95% 90% - 25 30 74 97 101 103 105 102% 103% 60 60 60 101 70 70 70 1st g 4s July 1956 ser 1st 4%s 1980 ser O B..J&J .M&S Equipment trust 4%s Equip trust 2%s 1938-46-.J&J 101% 105 Pennsylvania RR— Con M 4s gold 1943 M&N 109 Con M 4s gold 1948 M&N 111% Con M 4s gold 1948 sterling stamped dollar ....M&N 110% Con M 4%s gold I960..—F&A 119 Gen g 4%s 1966 J&D 103 Gen g 5s Dec 1 1968 J&D 108% Gen M 4%s 1981 ser D...A&0 98 Gen M 4%s ser E 1984— .J&J 97% Deb 4%s 1970 A&O 90 Gen M 3%s ser O 1970—A&O Oonv deb 3 %s 1952 84 A&O 30-yr secured 4s 1938-1964.J& J b 4.25 Eq tr 5s 1938 (yr) .M&S b 1.25 Gen equip 5s 1938-39 (yr).A&0 1.50 1.50 Eq tr 4%s 1938-39 (yr)__A&0 3.00 Eq tr 4s series E 1938-1949. J&J 2.75 Eq tr 2%s ser H *38-'52..M&N Peor & East cons 4s 1940..A&O 50 2d cons inc 4s 1990 7% Apr 1 Peoria & Pekln Union Ry— 1st g 6%s 1974 series A F&A 105% Peoria Ry Ter 4s *37 gu op...J&J 49 Pere Marquette Ry— lBt g 5s July 1956 ser A..J&J 74% 64 64% 111 111% 112 120% 103 108 98 4 93 84 3.75% 1.00% 1.00% 1.00% 3.00 70 64% 2.50% 2.40% 1st 4%s series D 1977 J&D Portl (Me) Term gu 4s 1961.J&J Guar 5s 1961 J&J Portland & Rumford Falls— 5% 51 68 88 86 86 3.25 2.00 88% 2.40% 1.25.% 40-year 4%s 1968 M&S 50-year 4%s 1981 M&N 4%s 1969 with warr M&N 10-yr secured 3%t Equip 5s 1938-1939 (yr)__M&N Eq tr 4%s 1938-40 (yr)—J&D Eqtr 4 Js 1938-41 (yr)... J&D Pacific it Express— Eq 5s 1938-39*0 (yr)—.M&S Eq 5s 193841 D (yr)—A&O Southern Pacific (Golden Gate Ferries) 1st 5%s 1949. A&O J&J Develop & gen M g 4s '56. A&O Develop & gen 6s 1956 A&O Develop & gen 6%s 1956—A&O Equipment trust 5 %s Eq tr 5s 1938-39 (s-a) M&S Eq tr 4%s Oct '38-*39 (s-a)A&O 115% 67 51 52% 55% 60% 2.25 2.40 85 80% 110 1st 4s 1995 30 45 101% 104% 1M1/ . 16®^ 107 68% 31 2 2 1st guar 4%s 1934 M&S / Rock Island-Frisco Term Ry1st M 4%s 1957— J&J , Rutl Can 1st g gu 4s 1949 J&J £ 4s stamped 1949 J&J £ Rutland con 4%s 1941 J& 53 Mobile & O coll tr 4s '38.M&S Spartanburg Union & Columbia— 103% / & 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 J&J Spokane Falls & Nor 6s 1939.J&J Spok Internat 1st g 5s 1955.J&J / Stark Elec RR 1st 7s 1952—J&D / Staten laid Ry 4%s 1943 J&D Stephenville Nor & Sou Texas— 1st M guar g 5s 1940— J&J Sturgia Goshen & St Louis Ry— 1st 3s Dec 1 1989— J&D/ Suffolk & Oar con 5s 1952—.J&J/ Sullivan Co RR 6s 1944 9 1st coll tr 4s 1949 opt Rock Island Ark & Louisiana— 44 17 18 23 103% A&OI Sunbury Hazleton & W-B— 1st M inc 6s 1938 coup.M&N Susquehanna Bloomsburg & 10% 90 15 32% 14 15 10% J&J 11* 10 11 St Clair Mad & St Louis Belt— 85 Alton Bridge 1st g 4s '51—J&J 40 St Johns & L Cham 5s 1944.M&S St Joseph & Grand Island— 107% 1st gold 4s 1947 J&J 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— 58 Riv & Gulf Divs 4s 1933-M&N / Certificates of deposit £ 17% St L Peo & N W 5s 1948 .J&J / St Louis-San Francisco Ry— 12* Prior lien 4s 1950 series A. J&J / U* Certificates of deposit... 13 Prior lien 5s 1950 series B.J&J 10 Certificates of deposit 12 Cons in 4%s 1978 ser A—M&S 10 Certificates of deposit stpd— 94 96 . 60% 60 20 15 13 P 91 W 90 93 64% 32% II* St Louis 20 15% 5.00 5.00 5.00 4s 1968 -J&D Mortgage 4s Dec 1 1990--J&D 9 21 17,_ f°°& , 4:88i 110% Gen 5s 1974 series B F&A Gen M 4%s 1977 ser C._ J&J Gen 4%s series D 1981—J&D 114% 115 108 109% 108% Salt Lake City Union Depot and RR 1st 5s 1938 —M&N 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%s '53— J&J / Tavares & Gulf 5s A 1935—.M&S " Term RR Assn (St Louis)— 1st gold 4%s 1939 104% A&O 1st consol gold 5s 1944 112% F&A Gen ref s f g 4s 53 opt '10 .J&J 104 J Terre Haute & Peor 5s 1942.M&S 1051 Texarkana & Ft Smith— 1st M 5%s 1950 guar F&A Texas City Term 6s 1941 .J&J '26 Texas & New Orleans— Cons 5s 1943 J&J Texas & Pacific Ry— 1st gold 5s 2000. Gen & ref 5s 1977 ser B Geii & ref 5s 1979 ser O Gen & ref 5s 1980 ser D 1956— Toledo & Ohio CentralRef & imp M 3 %s ser A '60 J&D 79 71% 83 80 2.50 3.25 3.25 3.25 95 St Mary4^ Div 1st 4s 1951F&A Toledo Peoria & Western RR 106% 102% 114 J&J < 106 .... A&O J&D Tex Pao-Mo Pac Term RR— 1st M g 5%s 1964 M&S Toledo Canada Southern & Det— 105 114 69% J&D A&O Eq tr 5s 1938-1939 M&N b Eq tr 4%s 193842 (yr)—A&O b Eq tr 4%s 1939-43 (yr) F&A 6 b Equipment trust 4s Eq tr 2%s 1938-1952—M&N 1st 4s 78 30 114% 84% 98 85% 87 1.50% 2.50% 2.50% 2.50% 103% 98 8§H 80 100 1st mtge 4s ser B 1967 J&J Toledo St Louis & Western— 80 65 109 75 110 105 107% 103 1st gold 4s April 1 1950..-A&O Tol Term 1st 4%s '57 gu M&N Tol Walhoudlng Valley & Ohio— 1st g gu 4s 1942 ser O M&S Toronto Hamilton & Buffalo— 1st gold 4s June 1 1946 J&D Consol M 4%s 1966 ser A.F&A 117% Transylvania RR 1st' 5s 1956.J&J Tulsa Un Dep 1st 4%s '59—J&J 93 88 1st consol g 112% M&S Aiken Branch 4s 1998 42 Eqtr 5%s 1938-1939 (s-a) M&S Equipment trust 5s.. Equip tr 4%s 1939-1945-J&J St Paul & Duluth— A&O 1st Mg 4s 1951 M&N South Indiana 1st g 4s 1951. .F&A Southern Pacific Co— Stamped (Fed tax) 1955.J&J £ A&O / Southwestern— 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 50"" Southern Railway— 1st consol g 5s 1994 J&J Eq 4%s 1939-'41 BB (yr)„F&A Equipment trust 4s—... Genconsgug5sl963 Southern Pacific RR Go.— 1st ref g 4s 1955 opt 1910-. J&J J&J £ J& I _ 93 18" Southern I11& Mo Bridge Co— T Richmond & Petersburg— Cons 4%s 1940 A&O Term 1st 5s 1952.J&J Richmond-Washington Co— Coll tr g gu 4s 1943 opt—J&D Rio Gr June 1st gu 5s 1939..J&D 100 55 5s 1939—J&J Nominal. 48 82 22 95" Richmond & Mecklenburg— 1st g 4s Nov 11948 M&N n 4% 19 103 Reading Belt 1st & 1950 M&S Reading Company— JerCent 4s *51 opt '06—A&O Gen & ref 4%s 1997 ser A—J&J Gen & ref 4%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 4%s Oct 1 1943—Term 5s g gu May 1 '41 Q&F Rensselaer & Saratoga— 6% g bds May 11941 M&N Rich Fredericksbg & Potomac— Cons mtge 4 %s 1940 A&O k Last sale, 4 45 95 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 /This price includes accrued interest, 4% South Bound RR 1st 5s 1941 A&O South & North Alabama— 94 109% / 40 102 1st gold 4s 1943.........M&N Gen 4s April 1 1960 A&O t Basis. F&A Somerset Ry 1st & ref 4s '55—J&J 1st M 4s July 2 1950 J&J : ■ Series A 1977 St Paul & Kansas City Short Line 8% 1st guar 4%s 1941. F&A / St Paul Minn & Manitoba— 100% Pacific ext 1st 4s £ 1940 J&J St Paul Union Depot— 1st & ref 5s 1972 J&J 103 60 24% F&A Coll tr 4s (OP) Aug 1 '49..J&D 1st 4%s (Oregon Lines) 101% 97% , an 100 107% 80 4.25% 4.25% Eq tr 3%8 Apr 1 1938-1946 Eq tr 2%s 1938-1946 J&D Pitts Young & Ashtabula— 1st gen 48 series A 1948—J&D 1st M 5s 1962 series B F&A 1st gen 5s 1974 series O—J&D Rio Gr So 1st g 4s 1940 1st g 4s guar 1940 Rio Gr West 1st 4s 1939— 22 45 St Paul East Gr Tr 4%s '47—J&J 3.25 59 F&A M&S / _ Pitts & West Ya Ry— 1st M 4%s 1958 ser A J&D 1st M 4%s 1959 ser B.„—A&O 1st M 4%s 1960 ser O A&O 107 53 74% 1st g 4s May 1 1933 Seab-All Florida Ry— Seacoast RR prior lien 5s '48,. A&O Shamoldn Sunbury & Lewisb'g— 2d ext'd 5s 1945— J&J Shrev Bdg & Ter 5s '55 gu F&A Sioux City & Pac 3 %s 1936—F&A 2.25% 2.10% 56 8 7 Atlanta-Birmingham Div— 1st gu 6s 1935 series A Certificates of deposit. 1st gu 6s 1935 ser B 4 , Perkiomen RR Extended 1st 3%s 1951—J&J Phila & Bait Cent 4s 1951—M&N Phlla Bait & Washington— 101 Receiver ctfe 2-3 %s '45 109% 107% 101% 9% 8 40 4%s stamped 1941 A—A&O 1st & ref 4%s series B 1981 107% 9 F&A 1st s f g 5s 1959 J&D / ... Pitts Shenango & Lake Erie— 115 1st gold 5s 1940 A&O 115 Cons 1st g 5s July 1 1943--J&J Pittsb Term RR & Coal— 70 1st g guar 8 f 5s 1942 J&J 107% Pitts Va & Char gu 4s 1943.M&N Penn Ohio & Detroit RR— 1st & ref 4%s 1977 ser 107 109"" Richmond 103 / / f 110 25 _ Certificates of deposit Seaboard & Roanoke 5s 1931.J&J Raritan River 1st g 14 10 15 107 7 99 15 1 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 23 F&A Certificates of deposit 5% secured notes 1931 i Prov Ter 1st g 4s gu 1956—I-" Prov & Wore 1st 4s 1947 A&O 25% Ogdensburg & Lake Ohamplian— 1st guar g 4s 1948— J&J / 11 9 4s stamped 1948 J&J / Ohio Connecting 4s 1943.—M&S 106% 100 Ohio Ind & Western 5s 1938--—. 38 Ohio & Little Kanawha 5s '5CM&S 120'" i ~5" 95 97% 109" 110" i lOO" a* m —-A&O 107" Gen M 5s 1970 ser A J&D Gen M 5s 1975 ser B A&O Gen M 4%s 1977 ser C—J&J Pitts ShaWmut & Northern— 1st gold 5s 1949 F&A Gold 4s Feb 1 1952 F&A 6% receivers' ctfs 1927 F&A Pittsburgh & Shawmut— 114 118 Stamped. 1 76 113% Adj mtge 5s Oct 1 1949—-F&A Ref gold 4s 1959 opt A&O Certificates of deposit. 1st & cons 6s 1945 ser A M&S r 20 101" Scioto Val & N E 1st 4s 1989M&N Seaboard Air Line Ry Co— 1st gold 4s 1950 A&O t Ask . Schuylkill & Leh 1st 4s '48.M&N i -F&A M&N 4%s series J 1964 90% 116 M&N F&A 5* 97^ 18 Salt Lake & Ogden 5s 1934. / 15 San Antonio & Aransas Pass—1st guar g 4s 1943 73 J&J San Fran & San Joaquin Val— ■ 1st g 5s Oct 11940. A&O 106% San Fran Term 1st 4s 1950--A&O 99 Santa Fe Prescott & Phoenix— 1st g 5s 1942 M&S 110% 108 109 —J&D 45 16% 88 —A&O M&N M&N F&A 4s series F 1953 4s series G 1957 _ 1st & ref g 5s '61 opt '15..F&A Certificates of deposit.. Norf & South 1st 5s 1941.M&N 1st gen g 5s 1954 opt J&J Norfolk Term 1st gu 4s 1961M&N Norf Term & Transp 5s '48F&A Norf & W Ry 1st con 4s '96.A&0 4 %s series O 1942 4s series D 1945 13 100 , Pitts Cin Chic & St Louis— Con g gu 4%s ser A 1940.A&O 12% 9% 40% 5% ngOo / filu Bonds 99% 97 1st mtge 3%s 1966 .J&O Pitts Bessemer & Lake Erie— Cons gold 581947 .—.J&J ^ Prior lien ext 4%s, 1950--M&S N Y Phil & Norf—1st g 4s '39J&J Ask Bid Bonds PhUa & Chester Val 4s 1938.A&0 Phila Newton & N Y 3s 1942 A&O Phila & Reading RR—See "Read! 24 9% 99 !03H 90 30 102% 46 104% march, 1938] kailroad 71 bonds NOTICE—Air bond prices are Mand Interest" except where marked "t" and Income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bid Bond* and Stocks Union Depot Gen 4^s 1 Union Pacific us, Ask Stocks RAILROAD Ohio)^ 1012* 105 1st ry & land gr 4s g 1947—J& J 1st & ref 4s June 2008. M&8 1st & ref 5s June 2 2008 M&S 1112* 105% 1112* 35-year 32*s debs 1971—M&N 34-year 3 2*s debs 1970-— A&O Eq tr 25*s ser E 1938-52. _J& J Eqtr 4Mb 1938 (yr) M&N Eq 42*8 Sept 15 ^-'SO.M&SIS Union RR (Penn) 1st 5s '46.M&S 95 95 2.70 1.25 1.75 110 1st 42*s Sept 1 1979 98 M&S 110 116 107 86 M 105 83 F&A JV1&N 106 108 106 108 J&J1934 off J&J i Cons g 4s 1955 series A Series B 1957 coupon coupon Cash ref & impt 5s 1973 1st cons g 5s 1958 Virginian Ry— 26 25 272* 252* 55 65 Bait & Cumberland 7 % gu—.50 Baltimore & Ohio common. _-100 60 4% non-cum pref Bangor & Aroostook 722* 20 89 85 84 72% 90 52 J&J 60 1042* 1.75 1.50 M&N 105 M 1.25 1.00 57% 58 26 M&N F&A Deb mtge 6s series B 1939.J&J 1st lien term gold 4s 1954-J&J 29 M 45" v Ref & gen 52*s 1975 A—.M&s£ Certificates of deposit 14 11% 1|2* Feb. 23 85 . £ Toledo & Chic 4s g 1941—M&S Omaha Div. 1st 3 %a g '41.A&O Wabash Railway Co— ff _ Ref & gen 5s 1976 ser B—F&A f Certificates of deposit Ref & gen 4 %b 1978 ser O.A&O Certificates of deposit——— Ref & gen 5s 1980 ser D—A&O Certificates of deposit Warren 1st ref g 3 Ms 2000—F&A 94 20~ 51 40 10 112* 112* 70~ 91 1946 42 46 107 % 80 82 65M 67 M 90 93 M 2.75 2.75 J&D 2J*s trustees ctfs Dec. 1 1938— Western Pocahontas 4Mb 1945.. Western Ry of Ala 4 Mb *58—A&O 5.00 105M 105 109 106 6 100 10 1938 .J&D 100»u V\ ilmington & Newborn— 1st gold 4s 1947 F&A 82 W ilmington & Nor 4 Mb *77—J&D 97 Gen 5s Aug 1 1982 F&A 106 W ilmington Ry Bdge 5s '43.A&0 90 W Inston-Salem Southbound— 1st gold guar 4s I960-J&J 1072* Winston Salem Term 5s '66-A&O 112 w ificonsln Central Ry— 1st gen g 4s 1949 J&J J 13M Certificates of deposit.. J 12 1st & ref 4s 1959 A&O / 7 Sup & Dul Div4s 1936—M&N/ 7M Certificates of deposit / 6M div 1951 1st gold 4 Ms 1943 101 84 non-cum preferred 45 • No par value it* 8M 9% 9 55 92* 50 100 100 5% non-cum preferred 100 Cleve & Pitts (gu Pa RR) 7%.50 Special guar 4% 50 10 12* 3% % 42* 22* 12* 255 111 2* 1M 12* 32* 13* 22* 280 72 151 75 non-cum 50 80 (guar Pa RR) 50 General -.100 Non-cum 6% pref series A—100 Leased lines (guar) 100 Stk tr ctfs—See RR Securs 62* 102* 38 41 98 93 165 180 162* ,72* 38 Intemat Rys (Cent Am) com preferred 37 32* 182* 2* 2* non-cum preferred Lackawanna RR of N J Lehigh Valley.... per $100 face amount, 2d 5% non-cum prtferred—100 New London Northern 100 New Orleans Great Northern.100 New Orl Texas & Mexico 100 New York Central RR * N Y Chic & St Louis com 100 6% preferred series A com (gu) 100 100 48" 43 60 3M 63* 32* conv 50 preferred 100 .100 100 N Y Ontario & Western Norfolk Southern Norfolk & Western Ry Paterson & Hudson River Pennsylvania RR Pennroad Corp v t c Peoria & Bureau Val (guar) Peoria & Eastern Pere Marquette Ry com *32* 62* 4 Pitts Ft W & Chic com (gu) "5" 41 45 23 50 50 1 2% 110 100 100 100 Pittsburgh & Lake Erie 50 Pittsburgh & West Virginia 100 Pitts Youngs & Ashta 7% pref 100 Portland & Ogdensburg -.100 Prov & Worcester (guar) Railroad Securities Co— St Louis Bridge 1st pref 2d preferred 32 372* 147 44" 160 175^ 132* 100 100 100 100 6% non-cum preferred-—100 St Louis Southwestern —.100 5% non-cum preferred 100 Saratoga & Schenectady (gu).100 Seaboard Air Line common—♦ non-cum preferred—100 Sharon 50 Southern Pacific Co Southern Ry common 5% non-cum - preferred Mob & Ohio stk tr ctfs Central Preferred Texas & Pacific Ry 100 100 100 100 100 * 100 100 Troy & Gr'bush (gu N Y G)__ 'J?** 24 40 50 52* 17M 12* 4M 112* 4 40 M 85 9 18 46 6 50 25 98 50 45 50 42 b Basis. 2 62* 11M Vermont & Mass 34M 33 60 63* 20 50 100 100 4% non-cum preferred 100 United N J RR & Canal (gu)-100 Utica Chen & Susq Val (gu)-100 Utica Clinton & Binghamton.100 Preferred-....-.—100 Valley RR (N Y) (guar) 100 Tunnel RR of StLouis Union Pacific—Common 20 18 120 122* 242* Vlcksb (guar) ..100 Shrevep & Pac com 100 5% non-cum preferred ..100 -.100 4M Virginian Ry common 6% cum preferred —100 42 Wabash Ry 100 127 5% non-cum preferred A 100 65 5% non-cum conv pref B..100 95 92* Warren N J (guar D L & W). 50 213* West Jersey & Seashore (gu)- 50 Western Maryland Ry com—100 49 1st preferred 100 4% non-cum 2d pref.—...100 Western Pacific RR Corp.. 102 100 6% non-cum preferred —.100 48 Wheeling & Lake Erie Ry 100 45 62* % cum-conv preferred—100 /This includes accrued Interest, ft Last sale, A 5^ 132* J4 % 111 Cent stk ctf 1952—1000 Reading Co 50 4% non-cum 1st pref 50 4% non-cum 2d pref 60 Rensselaer & Saratoga (guar) .100 Rich Fred & Potom—com 100 Dividend obligations ....100 6% guaranteed... .——100 7% guaranteed ...100 Roch & Genesee Val RR —100 Rome & Clint (gu D & H) 100 Rutland 7% preferred--——.100 Tennessee 64 178 83 Pittsburgh Bess & Lake Erie— 50 Preferred 50 Pitts Cin Chic & St Louis 100 69 65 60 122* 15 95 ...100 .100 100 Southwestern of Ga (guar) 172 892* 85 5% prior preferred 100 Phila Germ & Norris (guar) 50 Phila & Trenton (gu Pa RR).100 Piedmont & Northern ..._* 55 45 50 50 100 N Y & Harlem 4-2% 70 _♦ 100 16 7 40 2 5 15 100 St Louis-San Francisco Ry Co Jollet & Chic (guar O & A) 100 Kal Allegan & Gr Rap (gu)—100 K O St L & Chic—Pref (gu) 100 Kansas City Southern 100 84 6 10M , non-cum Erie & Pitts dollars 100 100 Ft Wayne & Jack pref (guar).100 Georgia RR & Bank Co (gu)-l00 Great Northern Ry— Iron Ore Prop trust ctfs— * Preferred (capital stock.. * Green Bay & Western 100 8 112* 72* 100 preferred preferred100 East Penna (guar P & R) 50 Elmira & W'msport (guar) 50 Preferred (guar Nor Cent). 50 Erie—Common 100 4% non-cum 1st preferred ..100 4% non-cum 2d preferred..100 Erie & Kalamazoo (guar) 50 5% 7% 10 Rio Gr West 6%prefZl00 Detroit Hills & S W (guar)—100 Detroit & Mackinac Ry —100 6% 76 47 100 50 -100 95 75% 45 preferred—100 preferred--100 9^ non-cum 1st 4% non-cum pref 7% pref (guar Pa RR) 106 4% t Quotations represent Ex-dividend. 32* preferred Preferred Little Miami original guar... Spec gu*r betterment stk. Lit Schuyl Nav RR & Ooal(gu) x 100 100 common Cin Union Term 5% pref non-cum ...... Old Colony (gu NiNH&H) 100 Oswego & Syrac (gu D L & W) 50 Cincinnati Sandusky & Cleveland non-cum ...... Unstamped Ogden Mine RR (gu Cn N J).100 5% 12* 12* 100 7% preferred 100 6% preferred 100 Cin New Orl & Texas Pacific—100 Preferred 100 6% Morris & Essex (guar)....... 50 Nashville & Decatur— Original 90 54 2 100 Illinois 42* 9 2 100 100 100 36 24 ' * 5% non-cum preferred Chicago & North Western 7 % non-cum preferred 6% preferred. — 100 Hudson & Manhattan —100 5% non-cum preferred--—100 Ry— J&J f "P U" bonds— f g 5s 1936—J&J / 50 n Mo-Kan-Texas RR com ♦ 7 % preferred series A 100 Missouri Pacific com -—..100 5% conv preferred .....100 Mobile & Birmingham— 5% preferred Chic Milw St P & PacificCommon Gulf Mobile & Northern com. 100 4s M&N Worcester & Conn Eastern Vonkers Ry see *v—roite Vail s 13 Falls— 1st guar g 5s S'eastern 4% common 7 % non-cum preferred 4% leased line ctfs 112* 452* 81M 43 45" 50 50 60 50 100 100 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 North Pennsylv (gu P & R).. 50 Norwich & Worcester pref 100 ~72* 100 .100 100 100 100 com. Duluth South Snore & Atl 37 Wilkes-Barre & Scranton Ry— & Chiclnd & Louisv 5% - 25 46 M 42* Denv & 4 1980 J&J jf Wichita Falls & Sou 1st 6s *38 J&J 30 Wichita Union Terminal Ry— 1st g gu 4 Ms 1941 opt 107M M&N Wilkea-Barre & Eastern— 1st guar g 5s 1942 J&D f 5% 1st 4Mb May 1 1938 Willamette Val Southern Ry— 6s 1939 F&A f 20 1 Preferred (guar C H & D)_. 85 32* 70 9M - Mississippi Central 7% 2 65 lOO Delaware & Bound Br (guar) .100 Delaware & Hudson Co 100 Delaware Lack & Western— 50 98 1st 5s Mar^'field Chicago Burl & Quincy HAlawhfo Wheeling Term 4s 1940 F&A White & Black River Valley— 42* 35 84 Columbus & Xenia (guar) Conn & Passumpslc pref 5.75 108 3 -.-.100 Consol Rys of Cuba 6% pref.100 Cuba RR 6% non-cum pref__100 Dayton & Mich com (guar) 50 Wheeling & Lake Erie RR— Ref mtge. 4s ser D 1966—M&S 1st consol gold 4s 1949—.M&S 4 32* 42* 42* 52* 20 4% 1st 4% 2d 182* n 43 Colorado & Southern 19 — 3 - 105M a. 2 50 100 Nashv Chatt & St Louis.....100 National Rys of Mexico— 1 Canada Southern 100 Canadian Pacific 25 Car Clinchfield & O unstmp—100 Catawissa RR—1st pref (guar) .50 2d pref (guar P & R) 842* 922* 32* 32* 5% class A 100 8% class B 100 7% class O 100 10% class D 100 4M% class E 100 6% non-cum pref stamped—100 Bost & Prov (guar Old Col)—100 Camden & Burl Co (guar) 25 100 100 4 % non-cum preferred 100 Mobile & Ohio—See Southern Ry "12* 10 Cleve Cine Chicago & St L 84 t 12* 12* 12* pref pref pref pref pref Chic RI & Pacific 102 trust 5s W ill mar & Sioux 33 95 42 2 6% preferred Chicago Great Western 4 % preferred Nov 29 Washington Central Ry1st 4s Mar 1 1948 Q-Mar Washington Co Ry 1st g guar 3 Ms Jan 1954 opt 1924 J&J Wash & Frankl Ry 1st 5s *39. J&J Wash Term Co—3 Ms 1945—F&A 1st gold 48 1 945 guar F&A Washington & Vandemere— 1st 4Mb 1947 F&A West Shore 1st 4s 2361 J&J West Virginia & Pittsburgh— 1st g s f 4s 1990 A&O West Fruit Exp—See Gr Nor Western Maryland 4s 1952.A&0 1st & ref 5Ms 1977 ser A..J&J Equipment trust 4Mb Equipment trust 5s West N Y & Penna 4sl943_A&0 Western Pacific RR Corp— 1st M 5s 1946 series A M&S 922* 32* Chic & East Illinois common.100 llH m 1st 1st 1st 1st 1st Preferred series A 692* 17% M 82 Chesapeake & Ohio common—25 90 90 85 Det & Chic ext 1st g 5s *41.J&J Des M Div 1st g 4s 1939. J&J Eqtr 5Ms 1938 (yr) 50 -100 Cayuga & Susq (gu D L & W)_30 Central of New Jersey.. -.100 Chesapeake Corp ♦ 90 85 Equipment trust 52*s Equipment trust 5s Eq tr 4 Ms 1938-43 (yr)—.A&O Equipment ..100 com 100 Unstamped— 1st pref 5% class A...-.100 1st pref 8% class B_. 100 1st pref 7% class C.----100 1st pref 10% class D_.—100 1st pref 4M% class E...100 6% non-cum preferred.-—-100 7% prior preferred 100 Stamped— Common -—100 92 18% 1st gold 5s 1939 2d gold 5s 1939 5s ^ 92* 122* 5% preferred Minneapolis & St Louis Minneapolis St P & S S M—100 ' 92* 112* 322* 902* 302* 50 50 100 Preferred Mill Creek & Minehill Navig. MInehill & Schuyl Hav (gu)— 35 4M 72 1st lien & ref 32*s A 1966.M&S Eq tr 42*s 1938-1940 (yr)—J&J Assented 70 Boston & Maine common 88 —.A&O Eqtr 5s 1938 (yr) Wabash Railroad Co— 16 382* 70 75 110 Mahoning Coal RR Pref (guar LS&MS) Maine Central Massiwppa Valley Michigan Central Middl .,nd Valley common 53 382* 652* American shares partic pref. Boston & Alb (guar NY O)—100 2 M&N Va & Southwest 5s 2003 15 48 Beech Creek (guar N Y C)—50 1 war _ 142* Belgian Nat Rys Co— & scrip ret No. 5 on Vermont Vail 1st 4 2*8 1940--A&O VickBburg Bridge & Term Co— 1st M s f 6s 1958 —M&S Debenture s f 7s 1948 M&S Vicksburg Shreveport & Pacific— Pr lien 6s '15 ext 5% '40—M&N Gen 5s May 1 1941 M&N w 15 122* 12* 142* 30 1st guar 4 2*s assented— _ Lykens Valley RR & Coal— 20 72 127 12* 142* 122* 52*% pref (without warr)—100 5M% pref (with $40 warr). 100 2M % prior conv pref —* Allegheny & West (6% guar) .100 Atchison Topeka & Santa Fe.100 5% non-cum pref 100 Atlanta Birm & Coast pref—100 Atlan & Char Air L (guar).—100 5% conv preferred.. Vera Cruz & Pacific RR— 1st guar 4 Mb unassented— July 1914 July 1914 121 Augusta & Savannah (guar)—100 108% Utica Clin & Bing 5s 1939—-J&J Vandalia RR— Albany & Susquehanna (gu)—100 Alleghany Corp common * 5M% pref (with $30 warr)_100 Ask Louis & Mo Riv pref (guar)—100 Louisville & Nashville —100 46 61 59 60 Bid Stocks Ask 44 Atlanta & West Point 100 Atlantic Coast L Co of Conn. _50 Atlantic Coast L RR com 100 116 General gold 4s 1944—.—M&S 1st 4s Sept 1 1948 M&S 1st 42*s Feb 1 1973 F&A Gen 1st g 32*s 1951 M&S _ 115M 95 M 962* 2.00% 1.00% 1.00% 125 Deb 6s 1946 M&S Union Terminal Co (Dallas) 1st mtge 3 2*s 1967— F&A United N J RR & Canal Co— A1 Great Southern com 50 Preferred ..—.50 Alabama & Vicksburg_gu 100 107 114 Bid Par STOCKS 76 n Nomlual. r; Investing Companies Stocks and "and interest" except where All bond prices are NOTICE Quotations for all securities are as near as Stocks and Bonds Bid Par Stocks and Bonds Ask , marked "f Par Per 12.83 4.38 Warrants (Mass)— Foundation Trust Shares ser A—1 3.75 4.00 Common with warr ants. .....1 27% 1 2 ifH if! Common ex-warrants Class A opt Class B_ div 25 ser w w s 1 __* 5% 98 M —M&N 10c 98% 4% 25% 4% 25% General Investors Trust—..—1 —1 4.54 28 31 18% 35 69c $6 pref (with warrants) —* German Credit & Investment— Pref allot ctf 25% 1st pref. 13 Gleneagles Invest 5s June 15 1944 60 5% preferred w w 32 61c 19% 4% Atlas Corporation common Great Brit & Canada Invest¬ 5 71 —5 3 Group Securities, Inc— 30 34 Agricultural Shares Automobile Shares........... 78c 80% Building Shares...s. 1.19 1.19 76c 1.16 ....... ........ Chemical Shares - Food Shares ... 72c ... Investing shares Merchandising Shares Mining Shares 91c Petroleum Shares Railroad 1.22 1.09 :. 77c Equipment Shares 1.11 Steel Shares 5% 92c Tobacco Shares Bankers Securities Corp com..50 12% 6% 70 70 Deb 5s April 1 1948 A&O Pacific Finance Corp (Calif)—10 Pacific Investing Deb 5s 1948J&J Pacific Southern Invest pref Class A 12 % 88 % 2b 6% * 50 20 Boston Fund Inc Boston Personal Prop Trust British Type Investors * 1 Broad St. Invest Co Inc 5 Bullock Fund Ltd 4*\ 1 Canadian Internat Inv Trust Insull Utility Invest— Capital Administration cl A....1 * Insuraushares 10 * Cent-Illinois Securities Corp.—1 $1.50 conv preferred * Cent Invest Corp 4-6s '57—A&O Central Nat Corp'class A... Class B 17" 84 2.55 Selected Industries 1.26 1.39 $5.50 prior stock _ / / 3 6% Co of Delaware—1 1% 4% 1% Investment Co of Amer Investors 34 9.95 .........1 25 13.78 90 95 98 100^ Debenture 3 %a 1951 Commonwealth Investment....1 100 96 103% 104% 3.21 3.43 1 % 1 common. 98% 100% 43 * * J&J ..... 20% 1% ........ Lawyers Mtge Inv (Boston)— 1st 5 Ms series B 1940 M&S Major Shares Corp.. * Manufacturers Finance (Bait)S f coll 4 Ms series A 1942. A&O Marine Midland Corp 5 Maryland Fund Inc 10c Mutual Investment Trust 28 National Bond & 45c 6 30 60 2c 75 New 20c 5 8% 5% Invest Nat Rep Invest 22 27 100 109 ... 2.62 Dividend Shares 25c Domestic & ForeignIn5V£s47F&A f Eaa Util Invest Deb 5s 1954 M&S 15 f 1.21 22 23 100 101 Elec Shareholdings Corp com...1 $6 conv pref with warr ♦ 70 e Ex-coupons. 2 72 /Flat price. 100 k North American Bond Trust Ctfs_|e North American Co— preferred.. /« Nominal, x 1% 8% ?Ic* 35 3.05 1.39 13.14 conv 5.55 5.55 80 1953 J&J Trusteed Amer Bank Shares B 25c Trusteed Industry Shares 25c Trustee N Y Bank Shares....60c Trustee Stand Invest ser G—. 5s deb 104% 104% 61c 91c 1.15 1 2.23 Trustee Standard OH shares A. 6.44 Series B ._1 Union Investment common..... * Conv deb 5s 1946 M&S United Corporation— See Public Utility stocks 91 - 6.90 7.18 8.72 7.78 7.47 7.77 9.65 Voting shares Foreign Securities com..* $6 1st preferred * 9.96 5.85 5% U. S. & International Sec.—* United N Y Bank Shares C3—* 92% 5% 89% 50 % Ex-dividend, 9.43 8.42 1.25 2.28 _ Class D U S See Public Utility stocks ALastsale. ...* preferred. United N Y Trust Shares 1.31 Economic Inv Tr Ltd 5sA'57M&N 6% 3.10 cum 8.67 7.67 cum 76 9.33 9.13 7.41 $6 47c 23% 3% 8.44 Railroad equipment... Niagara Share Corp (Md)— Conv deb 5Ms 1950.... .M&N B common 5 % 4* 1 1% % Steel stocks 18.61 No par value ....... 2.35 ..1 ... 2% Oils 17.33 Supervised Shares 6% ~4% 5.95 26 3 ..... Wai arrants 5.25 8.92 9.21 Eaton & Howard Management Fund A-l 1% ... — % 14.44 2.02 Class D 15% — stocks 76c % 3.18 81 5.10 3.00 1.26 14.22 % 69c 114 2.02 8.01 York .Stocks, inc Machinery.. Metals 3 ,50 5.30 * Electrical equipment Insurance 2.85 2.50 _ Building supplies 4.45 ..1 ... D shares _ 100 100 Agricultural........ Bank Diversified Trustee Shares O shares 1 preferred. 2d preferred New 30 xl .52 1 1 Series B 24 . Nat Trust Shares Remodified.-.l 1st 115 * 6.35 45 2.20 1 Trust Conv pref * 2.55 Deposited Bank Shs N Y ser A. Deposited Insur Shs. ser A 6 2.10 ..1 .... AGO 7 % cum preferred Cumulative Trust Shares 5% 45 Class BB......... 1 Class O .................3 100 7% 10% 1% 43 112M l Tri-Continental Corp..... New York Investors common. 10 77 77 ....2 11.67 2.55 10 73 1 ..... 16% 77% 42% Nation Wide Securities Oo_..25c 100 73 Standard Investing Corp com..* $5.50 preferred w w_. * Deb 5Ms 1939 F&A 15 Standard Utilities Inc 50c State St Investment Corp ♦ Sterling Securities common A..* Common B * S1.20 preferred * S3 cum conv 1st pref 50 Suburban Elec. Securities * $4 cum 2d preferred * Super Corp of Amer class A...2 10.68 2.10 com M&S .... 100 Accumulative series AA (modified) 8% preferred..... 62 —25 Solvay Amer Corp 5%% prf_. 100 Sovereign Invest. Inc., com..10c Spanish & Gen Corp Ltd— Am dep rets ord reg £1 Amer dep rets ord bearer £1 Spencer Trask Fund Inc ...* Standard Amer Trust Shares Class B 2% National Investors. common 62 Class AA 52 .... % Shenandoah Corp common $3 convertible preferred * com u 2.10 Crum & Forster Insureb B.. 3 9.93 60% 9% Third National Investors Voting shares New Kngiand Fund.... Crura & Forster Inc 5 32 1% 60 9.11 M&S 20.97 2.14 (modified) 15 76 $5.50 preferred 7% ser y2 __ 23.65 15.11 15 32 11 52 100 1% 55 _ 5.77 19.76 5% prcicn eu ser A w w /o preferred uci A W Nat Bond & Share Corp. 20 ............... 37 10 56 1% 3.00 44% 98 5 ..10 22 1 2.90 ... 1952 1 4 60c 3.94 Shawmut Bank Inv Trust— 4 %b Mar 1 1942 March .... 60 % 7 Conv preferred Allotment certificates Shawmut Association 5s 36c 44% * com 1 Massachusetts Investors Trust 4 6% preferred..... ..100 Corp Secure 5% notes 1935.M&S 2% -,-10 35c Continental Secur Corp com....* 5% preferred .100 Debenture 5s May 1 1942.... Continental Shares com * 14.03 14.39 4.79 ........ Series S-4 Lark ins Warr Trust 27 Invest Trust com.l Warrants Corporate Trust shares old x 10.52 Series S-2 4%% conv preferred 100 3 % % debentures 1951 A&O 2%% debentures 1942...J&D preferred —.... Series K-2 36% 65 19*' 21.66 Series K-l 36 AA...... 60 10 Preferred 10 Consolidated Royalty % 20 Keystone Custodian Fund B-2—* Co_""I~"__100 Commonwealth Securs Preferred 30 % Investors Fund of Amer Series Cl Oleve Securities 4-6s vo 1943.J&J Coimmonwealth & Southern Corp See Public Utility stocks conv 30% 27% Series B-3 Commercial Invest Trust 1% 4% 1% 28 - com... 100 Commercial Credit common .... 27 9.58 65 Selected Income Shares 1.25 Corp— Utility stocks Equity common— $3 convertible pref A Investment Bond & Share— 5s series A 1947 J&D PpAfpTTAfl City Investing Selected Amer Shares Inc 1.13 ■;:? 1 40c * * 2% $6 preferred 16.59 2.45 Feb 15 9 % 1 Securities Corp General com x 100 9 08 31c 07 6s series 4 Nov 1942 5 See Public 7% preferred 100 Conv preferred 100 Conv pref series of 1929 100 6 % cum preferred 100 Century Shares-Trust —* Oh icago Corporation .......* Convertible preferred * Securities 6 Interstate Central States Elec Corp... Christiana 3/ % iri 10.95 96% 9 nJ% $6 preferred * Royalties Management A_. 1 Schoellkopf Button and Pomeroy Inc common 10c Second Nat Inv Corp Com 1 $5 conv preferred ...1 Securities Co of New Jersey— International Utilities * . 1.21 1.01 99 25 10 25c A&O Reynolds Invest 5s 1948 Common stock 85c (Md) ctfs Inc 1 International Holdings & Inv.—* Internat'1 Secur Corp Amer— 6% preferred 2 —.100 6% preferred 100 $3 cum pref series A Carey Trust Representative Trust Shares Republic Investors Fund 85c 5% 87 7% ♦ Reliance Internat Corp com A 10c Preferred.. ..* 39% Insuranshares Class B 1.00 1.33 1.19 94 Deb g 5s Jan 1949— ..F&A Deb g 6s 1940 B with war J&J F&A Deb 5s series A 1958 80c 55c In3titu'l Secur Ltd B'k Group Shs Insurance Group Shares...... 42c , Preferred 84c 36% Independence Trust Shares.—..* 58 series A1959 A&O Canadian Invest. Fund, Ltd 1 Canadian Pow & Pap Invest Ltd— 1?M 1% 55 * $6 preferred * Pub Util Investing 5s 1948.A&O Pub Util Sec 7 % preferred * 72 4 Quarterly Income Shares 10c 5% deb series A 1942 M&N 1.27 Railway & Light Securities com.* Conv colltr 4Mb series "11" 86c 1955 A&O 1.30 lk 1.30 Railway & Util Invest A 5% 1% 4% % 3 ♦ 10 25 100 10c Prudential Investors 1 — Phoenix Sec Corp $3 conv pref class A Pittsburgh United Corp 7 % conv preferred Plymouth Fund Inc n 4 _..* .—...* * Debenture 5s series A.... 1948 Huron Holding Corp......1 Hydro Flee Sec com * Illuminating & Power Securities— 1st preferred 100 Incorporated Investors 36 1st preferred $3 2nd preferred.. $7 preferred 10 1 100 * * Class B 4.U 18 1/ 1 Guardian Investors com 12 preferred Corp 4%8 1959...-A&O ment Greenland Trust 5 6% preferred Basic Industry Shares 1% 28 6% preferred 50 Option warrants... Bancamerica-Blair Corp— 1 Bankers Nat Investing com * Blue Ridge Corp common *»» ..... Gen'l Realty & Utilities com Associated Stand. Oil Shs 2 Atlantic Secur 4hs A 1953.A&0 * 85 * M&N Overseas Securities Co Deb 5s Nov 1 1947 65*' 48 $6 preferred Warrants ft* 100 ,.100 J&D ... 5% preferredex-warr 10-year deb 3s 1946-. $4.25 §5 .* Assoc— 65 $2 preferred $2 % preferred $3 preferred ...—1 Amer General Equities Ins—25c Amerex Holding Corp——.—* Amer Insuranstocks Corp.— * Amer Investment (111).. * Convertible preferred.... 25 7% preferred 25 8% preferred 25 Associates Investment Co * conv % 6% 2% Debenture 4%b Dec 15 1952— 16 21% 5s series B 1958 American General Corp $3 oJ* 96% 29$ \f.¥o Deb 5s Feb 11952 without warr General Capital Corp .....* General Investment Corp 1 6% 6% —1 Old Colony Invest Trust Comm* Debenture 4%b Feb 1 1947 5.13 f 5s 1958 ser A—-J&J Amer Elec Sec partic pref American European Secur Colltr 4.54 4.13 ..................2 Class B .....* General American Investors—* $6 preferred w w ._* 40 100 _M&N 1944 Old Colony Trust Class A 2H 8 American & Continental Corp— ww 4* 2.02 2.52 2.48 2.28 6% 92 * 1 1 1 Preferred 1 Oklahoma County Trust.——10 Oklahoma Southern Trust Fundamental Trust Shares Inc— 21 6Ms Oils & Industries com Investors— Fundamental Investors Inc 60 23 25 Amer Cities Pr & Lt cl A Deb 27% 2% * 1958 8.17 National 4% 39 34 100 100 Northwest Bancorporation * Ohio Finance conv 5s 1951..F&A 6.88 60 19*' prior pref 3.50 94 92 100 North American Trust Shares— 1953 2.77 3.16 8.75 7.54 3.41 S3 preferred. If J5.50 2.50 50 Fourth —10c ...... 16% Ask share _ J&D 1951 4s 6% preferred 5%% preferred 3.45 20.08 Bid Par Per Collateral Common Foreign Bond Associates Inc..... Foreign Power Secur Corp— 1st colltr conv 6s A 1949..J&D Capital Corp A—..—10c Class B 3.15 18.65 14% Fiscal Fund, Inc.— Bank stock series 93 Shares ......new Amer Business Amer Equity Shares 6?c* 21* of issue Stocks ana Bonds North American Invest Corp— 28 3% .....10c .10c Fixed Trust Shares series A... 10 Series B 20 .----* F&A 28.30 25^ Insurance stock series * 1956 share 26.60 Equity Trust Shares in Amer—1 Fidelity Fund, Inc...........-* "fret Boston Oorp ..........10 46 Amer Bankstocks Corp * Amer British & Cont Com...—.* $6 preferred Deb g 5s 1953 - 17% Deb 4%b with com 8ha 1967— Aldred Investment Corp (Can)— Deb 4Ms with com shs 1968... Alliance Investment com... * Allied Int Investing Corp com..* $3 convertible preferred preferred fonv "I % ...... Aldred Invest Trust 6 10c —1 .....1 Equitable Invest Tr (Mass) "Canity Oorp common $3 Air Investors Inc vt c........-* Convertible preferred —* Ask Bid share Administered Fund 2d Inc......* Affiliated Fund com.........125 Sec conv deb 5s 1944-47—J&J and income and defaulted bonds possible for the closing day of the month preceding the date ser F._* Banking Corp U S Elec Light & Fow tr ctf A_. 93 2 2% 1% 1 45c 75c 12 12% 1.70 Trust ctfs series B U S & 87c 73 75 % 8.02 54 8.30 1% 41% % 1% 1st pref with warrants......* Utility Equities Corp..........5 Conv preferred .7 Utility & Industrial Corp.— 5 94 Convertible preferred 7 6 1 Jan. 22 Wellington Fund.. Western Reserve Investing— Deb 5 Ms Wisconsin y Ex-stock 1944 Banksharcs dividend. F&A 1.86 79c 7 7% 1 59% 2 44 % 2 12.88 14.20 102 104 4% 4% Utilities Public (Includes street and electric railways, electric power, water, telegraph, telephone and bridge companies.) gas, 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 NOTICE—All bond prices Bid Bonds Adriatic Electric Co Ask Extl s f 7s 1952 A&O Ala Gas Co 1st M 4He 1951-F&A Alabama Power 1st as 1046.M&8 1st & ref 5s 1951-—. J&J . 85 M 82 79M 80 M 70 M 76 M Atlantic City Sewerage— 99 M Atlantic Co Wat 5s *58 ser A SS8 1st T ctfs '43 Alliance Power 1st os 1952..M&S Alton Water 5s 1956 —A&O Altoona & Logan Val Elec Ry— 90 70 64 M H H Oonv deb 6s 1940—M&S Community Power 5 Ms 1953 5 Ms Certificates of deposit 1953 it* Amer Elec Pow deb 6s '57 M&S15 Amer & Foreign Power Co— Deb g 5s 2030 M&S Amer Fuel & Pow 7s 1934.J&J Amer G & E deb 5s 2028—M&N 16 56 55 - 9 10 107 M 37 34 3.06 M Am Gas & Pow deb 3-5s '53.F&A 8ecured deb 3.60-6s 1953..J&D Am Pow & L deb 6s 2016—M&S Amer Rys Corp coll 4Ms '53. A&O 32 72 73 46 35 49 38 77 79 M 11 Debenture 4Mb 1963 A&O Amer States Public Serv— 1st 1 5 Ms 1948 ser A M&N Deb 6s 1938 J&D Amer Telep & Teleg— 14 113M 101M 101M 113M 101K 101U 100 M 98 M Amer Utilities 1st 6s 1945..-J&D / Deb 6 Ms 1941 M&N ' 99M 62" Deb 6s 1975 ser A M&N Deb 5s 1975 ser B_ ..J&D Ana&Pot R RR-See WashRy&El Deb 6s Apr 1,1955 Berlin Elec Elev & Underg 60 30 108M 76 83 27 30 101 100" 89 91" 85M 93 M 86 M Ark West Gas 1st 5s w w '39. J&J Ashl'd Home Tel 4 Ms A 1961A&0 102 M 97 10 102" 89 35 91 91M 80 Ashtabula Wat Wks 5s 1958.A&O Assoc Elect 4Ms 1953 J&J 5b Jan 1 1961 J&J Associated Gas & Elec Co— Oonv deb 5 Ms 1977 F&A 101M 36 M 41M 37 M 42 M 33 35 27 M&N F&A J&J M&S A&O 30 29 M 29 25 26 25 M 28 28 28M 23 25 84 M Cons ref deb 5s 1968 Cons ref deb 4 Ms 1958—-M&N Conv invest ctfs 5 Ms M&N S f inc deb 5 Ms A 1983—F&A 86 35 8 f inc deb 5s B 1983 M&S S f inc deb 4 Ms O 1983—M&S 28 M 25 ' S fine deb 4s D 1983. M&S S fine deb 5 M-6 Ms A1986 F&A mt S fine deb 5-6s B 1986—M&S S f inc deb 4 M-5Ms O '86.M&N tm 24 35 mt mm mm mt tm 25 mm 24 ■ Conv A 5s 2002 Conv A 6s 2002 Conv A 7s 2002 Q-F f Q-M / Q-F / Associated Gas & Elec Corp— 8 year 8% ww 1940 M&S 8s ex-warrants 1940 M&S Conv deb 5Ms 1973 F&A 5" 6M 6M 5M 6 7 88 90 89 M 59 Conv deb 5s 1973 Oonv deb 4Mb 1973 J&D 87 56 M 53 M J&D 49 Conv deb 4s M&S 47 28 M 60 62 52 104 105 73 M / O.M&N / / 2-yr 6% notes 1933 A&O f Certificates of deposit f Athens (Ga) Ry & Electric— 1st & ref s f g 5s 1950 J&J Atl Cons St RR—See Ga Ry & El Atlanta Gas L 5s g 1947.--.J&D Gen mtge 4Mb 1955 —M&S • : tm mm mm — as>'s. 102 1981 ser 78" 65 Cent Mexico Lt 1st s f 6s 1940 & 109 M ..J&J 45 A&O 1950. A&O J&D 105 69 87 M 102M 1 t 6Ms series B 1951——J&D Cent Pub Serv Oorp— 2 —— 100 M 100 M 102" 106 M 109 M 107 M 109 M 110M 116 118 21 23 112 *113 , 79 83 99 58 41 104M — 45 M 46 M 30 33 54 M 99 M 65 60 55 55 55 5s series C 1933——J&D / Charleston Cons Ry Gas & EJ 100M Consol gold 5s 1999 M&S Charleston Transit Co— 80 1st 5s 1942 M&S M&S / 50 Coll trust 5s notes 1942 M&S 55" 85 -- 70 75 53 56 106M Chester Water Service Co 1st 4Ms 1958 series A Chic Aurora & Elgin RR— 103 105 3 49 4 M&S J&J / 1st & ref 6s 1951 49 Chicago City & Connecting Ry Colltr s f g 5s Jan 1,1927.A&O f 49 54" 49 52 Chicago City Ry— 49 52 1st 5s (15% paid) 1927—F&A / 42 M Chic Dist Elec Generating— 1st M 4 Ms 1970— 105M M&S 49 49 30 60 41% 78 M 80 26M Chicago Railways Co— 1st 5s 1927 stpd as to 25% pt red and 67 M 104 H 110 H 193M 100 M pay Cons M 5s Aug 1, 1933.-F&A f 92 ser deposit J&D / Chicago Rapid Transit Co— 1st &ref 6Ms 1944 J&J / Certificates of deposit f 1st & ref 6s 1953 ser A Jan.18 98 M Chippewa Power 6s 1947 1st mtge 104 M 115 117 ~ 38 42 98 M 96 99 M 97 ■' j 3Ms 1966— F&A 1st mtge 3 Ms 1967 J&D Cin Newport & Gov L & T— 1st ref 6s 1947 series A J&J Ry 113 ' J&D 7M 105 M Cincinnati Gas & Electric— See ' M K ... 110 , / Adjust deb 6s July, 1963..J&J / Certificate of deposit / Chicago & West Towns Rys— 1st cum inc 5s 1937 J&J f 100 " 4K 4H 4H 4K J&J / Certificates of deposit J& r> k irr M 100 M 45 45 8M 4M f A Feb '27—A&O / Series B Feb, 1927 102 H 66 M 6M 1st 6s series B 1961 M&N 105M Chic North Shore & Milw RR— 1st mtge gold 5s 1936 3M J&J / 3 1st & ref os 1955 ser A J&J / 3 1st & ref 5Ms 1956 A&O / Certificates of 106 H 100 M 90 J&D 101 Ches & Pot Tel of Va 5s '43-M&N 50 < Internet 100M 55 Chattanooga Ry & Light— 1st & ref g 5s 1956 op '16.M&N Chatt Rys 1st cons 5s '56.M&N 100 10 5 13 Gen & adj 5s 1942— 53 M 98 M 37 M 37 M 37 Deb 5 Mb 1954 .M&S 15 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 / 1st 1 coll 5 Ms 1956 ser A__ M&N/ 5 Ms series B 1956 M&N / 101 2M 2M 54 37 1st mtge 3 Mb ser B 1966--F&A Central West Public Service Co— 105M 104 1M Central States Edison, Inc— 1st coll inc 3-5s 1950 M&S f Central States Elec Corp— Conv deb 5s 1948 J&J Cent Telep (Del) 6s 1938—M&N / Cent Vermont Public Serv Corp 107 . Cincinnati 1st Street n Nymiua. ,n r 87 A&O 83 A&O 89 y Last sale, 104M 107H . Ry— 5 Ms ser A 1952 1st 6s 1955 ser B m 95" k 94 95 Conv deb 5 Mb '49 F&A f Cent Public Util. (ws) Inc5 Ms. 1952 / 94 j&j rust 105M 102 M 95 M Pow 106" 91 Buff & Niag Falls El L & Power— 1st gold 5s 1942 F&A itv. 98 Central N Y Power Corp— Gen mtge 3 Ms 1962 108M 2s deb A 1938-1942J&D 3s deb B 1943-1947. J&D /This price uiriu 81M 97 1st & gen 4s ser G 1960 A&O 1st & gen M 3 Ms ser H '66.F&A 103 M Calgary Power 1st 5s 1960.-A&O 107 M 93 M Central Kansas Pr 6s 1946—M&S Cent Maine Pr 5s '39 op '19.M&N 1st con 5s July '41 (stp)._M&N 75 M Bklyn Un Elev 5s 1950 F&A Kings Co El 1st 4s 1949-.. F&A 75 Nassau Elec 1st g 4s 1951..J&J |, 23 M Bklyn Un Elev—See Bklyn Queens Bklyn Un Gas 1st cons5sg'45M&N 106 1st s f 5s 1964 96 M 88 M 96 29M Brooklyn Queens Co & Sub— Butler Water 5s 1957 A A&O Butte El & P 1st s f 5s 1951. .J&D Cairo Bridge 1st inc 6 4s '58. J&J 102 107 Cent Pow 1st 5s 1957, ser D.J&J Cent Pow & Lt 1st 5s 1950 F&A J&J - 98 M F&A _ 82 M 103 103 Burlington (Vt) G L 5s 1955. .J&J 102 _ 1st & ref 6s 1952-— J&D Cent Illinois Light 3 Mb '66. A&O Central Illinois Public Service— 1st & ref 4Ms 50 .1 Cent Ills Elec & Gas Co— 1st & ref 5s 1951 1st & ref 5s 1956 ser E M&N 1st mtge 4Mb 1967 ser F..J&D 1st & ref 5s 1968 ser G M&N 49 5s 1941 (stpd) 61M Centra] Gas & Elec 6s 1946.M&S 67 M First lien coll tr 5 Ms '46—J&D 100 Central Georgia Pow 5s '38-M&N 24 Central German Pow 6s '34-J&D / Cent Hud Gas & Elec Corp— 110M 1st & ref 5s 1941 J&D 107 1st & ref 3 Mb 1965 .M&S Cent Ohio L & P 1st 5s Conv sec 4 Ms 1940 3Ms 1943..M&N 3 Ms 1944..M&N Coll trust ser 3Ms 1945.-M&N Col trust ser 3Ms 1946..M&N Coll trust ser 3Ms 1947..M&N Coll trust ser 3Ms 1948..M&N Coll trust ser 3Ms 1949.-M&N Coll trust ser 3Ms 1950..M&N Coll trust series 3 Ms 1951-M&N Brooklyn City & Newtown RR— m g 82 106 94 M 87 M ser 1939 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 ser A '55 J&J H..J&D ser 5s 83 M 114 Cent Indiana Gas 5s 1957 M&S Central Indiana Power Co— 1st & ref 681947 ser A _J&J Cent Iowa Telep 5Ms A 1047. J&J Coll trust Buffalo Traction Buffalo & Lockport 24 106 106 103 70 70 Carolina P & L 1st 5s 1956.-A&O Cedar RapMfg & P 5s *53 J&J 105 3Ms deb O 1948-1952..—J&D 24 24 24 24 24 127M 78M 97 89 Coll trust 3s 1939 M&N Coll trust 3s 1940 M&N Coll trust 3s 1941. M&N Coll tr series 3 Ms 1942—M&N Buffalo Niagara ElectricGen & ref M 3 M s ser C "67 74M 120 M 101 -J&D J&D _ 48 112M 120 M 121M 62 99 103 1st lien & ref 6s '47 ser A M&N 1st lien & ref 5s ser B 1957 M&N Deb 5s 1950— J&D Buff Gen Elec 1st ref 5s 1939-J&J Gen & ref 4Mb 1981 F&A 72 M&S f 24 M 70 Assoc Telep Util deb 5s 1942A&O / Certificates of deposit / t 26 M 24 M 23 M Associated Telep & Teleg Co— Deb 5Ms 1955 ser A M&N 104. mm*. 29 26 Income deb 4s 1961 —M&N Associated Pub Utilities Oorp— 1st Hen 5s 1947 ser A J&J Deb 6s series A 1958 M&N Associated Telep Co Ltd—1st M 4s series B 1965 J&J Called March 14 ^t 70M 6M 100 M 104M 101 '56J&J 84 M&S 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 3 Ms 1966 M&N Bklyn-Manhattan Transit Corp Coll trust 4Ms 1966 M&N Coll trust 3s 1938 M&N 1st 50 24 Assoc General Utilities— Income debs w w 5s 1956.M&N a 54M ' F&A A&O M&N M&S — — — 55" 11* Bloomington Dec & Champagne 1st & ref 5s 1940 M&N Blue Lakes Water 6s *38—_M&S Bolivian Power 8s ser A '45.A&0 Boston Elevated Ry— Deb g 4 Ms Nov 1, 1941. .M&N Deb g 5s Dec 1942 —J&D West End St 5s 1944 M&S 7s Sept 1947 —M&S Brandenburg (Germany) El Pr— Extl 1st s f 6s 1953 ..M&N Bridgeport Gas Lt 4s 1952.-J&J British Col Tel 5s 1960 1st 4Ms series B 1961 Broad River Power Co— 1st & ref 5s 1954 ser A 104 M Cape & Vine'd El 4s A '65—J&J Capital Traction (Wash, D C)lst g 5s June 1, 1947 J&D Canadian West Telep 5 Ms 108M 47 105 38 Coll trust 28 M mmmmm S f inc deb 4-5s D 1980— .M&S ser 96 100 28" Bleecker St&FulFy-See NY Rys 28 Corp 5s series A 1957 —J&J Arkansas P & L 1st 5s 1956. A&O 5Ms 1944 A&O Val G & E 5s *39. J&A M & coll tr 4s ser C '65 M&N 101M Certificates of deposit 88 Works Gas 47 102 A&O 4Mb 1960 29 M 30 100 77M Blackstone 1st & ref 4 Ms 1950F&A Arkansas El & Wat 6s 1944.F&A Ark Louisiana Gas 4s 1951..J&J Ark & Mo Pow 1st 6s 1953—J&J Deb 6Ms 1935——M&N 1st s f 7s 1953 J&J Certificates of deposit F&A 1st 5s 1938 1st 20 .A&O / Birmingham Elec 4Ms 1968.M&S 93M Birmingham Gas 1st 5s *59.M&N 102 M 6% notes extended 1938— A&O 100 Birmingham Water Works Co— 1st m 5 Ms 1954 ser A A&O 1st m 5s 1954 ser B J&D 109M 1st mtge 5s 1957 ser O F&A X 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 I960.... A&O Arizona Power 5s 1950 F&A Conv deb 25 100 Camden & Rockland Water— Canadian L & P 5s '49 op *14 J&J Canadian Rail & Harbor— Term 6 Mb 1951. M&S Canadian Utilities Ltd— 1st mtge 5s ser A 1955 M&S 22 Rys— 4s series C 1956 43M Binghamton (N Y) 99M 86 M 103 M 104 Camden & Sub Ry—See P S Oorp Canada Nor Pow coll 5s '53.M&N 15 ■;V» 90 84 M 101M 26 M 24 M 20 M A&O / 1st mtge 8 f 6M« 1956 Biddefora & Saco Water— M&S 41M 28 Androscoggin W Pow 6s '45.F&A ' Appalachian Elec Power— 1 st & ref 5s 1956 M&N a93 1st mtge 4s 1963 102 F&A S f deb 4Mb 1948— 99 h F&A Conv deb 6s 1941 105M California-Oregon Power— Deb gold 5 Mb 1942 —A&O 1st mtge 4s I960.. A&O Calif Water Serv 4s B 1961.M&N Calif Water & Telephone— 1st mtge 5s 1965 M&S Calumet G & E 5Ms B 1960.J&J Calumet & South Chicago Ry— 1st (35% prin paid) 1927 F&A 32 _.J&D Berlin City Elect 6Ms 1951 J&D / Sink fund deb 6 Ms 1959--F&A / 87 1st 6s 1940 3Ms 1978 J&J / 20 M Deb 5s series A 1975——J&J f 23M 85 Deb 5s series B 1975 ..J&J 92 Bangor Gas Light 5s 1941...A&O Bangor Hydro Electric— 1st mtge 3 Ms 1966 107M ..J&J 91 Barstow (W 8) deb 6s 1942. .A&O Baton Rouge Electric Co— 1st mtge 5 Ms 1954 105M J&D 105 1st M 5s 1959 ser B F&A Bear Mt Hud Riv Bdge Co— 100 1st 7s 1953 A&O S f income 8s 1953 A&O / 45 98 Bear Val Mut Water 5s 1951 .J&J Beauharnois Power Corp— Coll trust b f 5s 1973 A&O f 69M Beaver Valley Trac 5s 1950-A&O 99 M Beaver Valley Water 5s '60.M&N Bell Telephone of Canada— 1st g 5s 1955 ser A 112M M&S 1st g 5s 1957 ser B 120M .J&D 121 1st mtge 5s 1960 ser C M&N Bell Telep Co of Pennsylvania— 1st & ref 5s 1948 ser B J&J 119M 1st & ref 5s 1960 ser C A&O 127M Bellows Falls Hydro-Elec Corp— 102 1st mtge 5s 1958 A&O 67 Bergen Turnpike 5s 1951 J&J 96 8* Anchorage Lt & Pow 7-5s'43 F&A Androscoggin & Kennebec Ry— Income dob 102 M 100 64 Amer Water Works & Electric— 1973 106 105 1950...:—J&D M&S Berkshire Street Ry— 1st extend 6s 1947 — Amer Util Service 6s 1964—M&N Income deb 4Mb 1978 Income deb 4s 1978— income deb 3Ms 1978 69 __ Deb 5Ms Nov 1 1943 M&N 25-year deb 3 Ms 1961....A&O 30-year deb 3 Ms 1966 J&D American Toll Bridge— 5Ms ser A, B & O 1938 ...F&A 5 Ms series D. 1945 .F&A Conv deb 5s 1965 Oonv deb 5s 1950— Oonv deb 4Mb 1949 Conv deb 4Mb 1948 78 64 Deb 4s series A 1975. 96 F&A ...M&N Appalachian Power 5s 1941..J&D 73 Baltimore Transit Co— Amarillo Gas 6s 1939 Amer Commonwealths Power— . f 6s ser A 99M 99 M _ _ 104 M Augusta Ry & El 1st 5s 1940 J&D Aurora Elgin & Chicago Elec Ry 10 1st 5s 1941 A&O f 104 M 1st coll 4s Jan 1 1954....-J&J Am s 105 102 Bid Bonds Ask 101M 98 M 99 M Atlantic City El 5s 1938—..M&S Gen mtge 3Mb 1964.... J&J Vtlantic City Gas 5s 1960 J&J 1st lien & ref 5s 1957. J&J Allegheny Gas Oorp 0Ms 4 vtlanta Nor Ry—See Ga Ry & El Vtlanta Wat El & Pr 5s 1943 J&J U1 Beach Bridge 0 Ms 1942—F&A 81 1st & ref 5s 1956 M&N 1st & ref 4Mb 1967 J&D 1st & ref 5s 1968 M&S Alabama Water Service Co— 1st M 58 1957 ser A J&J Deb g 6s 1952 ser A Deb g 5Ms 1953 86 M 90 . . Bid Bonds (Italy)— LUll-d Jua.j 1 at 105. 74 PUBLIC BONDS UTILITY 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 df the month preceding the date of Issue NOTICE—All bond Bid Bonds Olttes Serv deb 5s Jan *66 Deb g 5s Apr 1958 Deb g 5s 1963 Deb 5s 1969 - Oonv deb 5s 1950 Oltfes Service Gas Oo— A&O M&N M&S J&D Ask 67 67 M 58 M 57 M g* 59M 58X 69 98 M 98 M 101M 101 % Citizens Water (Washington, Pal 5 Ms series A 1951 J&J 6s series B 1951 J&J City Gas & Elec 1st 6 Ms *51 _J&J City Light & Traction (Sedalia, Mo) lst 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— 6s 1941 J&D City Water (Chattanooga)— 1st M 5s 1954 series B J&D 1st M 5s 1957 series O—M&N 103 M 56 M 56M * 104 29 104 M 102 Colo Utilities 1st 6s 1988- --M&S / Columbia Gas & Elec Corp— Deb g 5s 1952 Deb g 5s 1952 _ M&N 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 & ref 6s 1947 _ 1st & ref 5s 1954 70~ 14 87 oO Dallas Power & 1st mtge 3 Ms 105 Light— 1967 F&A ser 1 1 1 1 108 M 38 42 92 96 106 40 42" 95 82 103 M 35M 35 M 2Va / / / f - 112M 111M 112M 112M HIM 1st M col 5s 1954 ser B J&D 1st M col 4Ha 1956 ser O.A&O 1st M col 4 Ha 1957 ser D-J&J 1st M 4s 1981 ser F M&S 111 107 M 105 M 108 1st M 3 Ms ser H 1965—-A&O Oom'w'lth El 5s June 1 '43-M&S _ Commonwealth Gas Corp— Non-cum inc deb 6s (w s) 1948Non-cum inc deb 6s (x s) 1948Commonwealth Lt & Power— Ref & unif 7s 1962 J&J Oom'w'lth Tel (Pa) 5Ha '45 M&N Oom'w'lth Tel(Wis)4s serA 1M&S Community Power & Light Oo— Col M 5s 1957 M&S Community Pub Ser 5s 1960-J&J Community Teleph 5s Jan 1 1949 / 106M Deb g 6s 1946 ser A J&D 21 \f 98 r 82 64 65 96 M 97 M —A&( 62 56 58 Durham Trac 39 61 30 r ) )/ 104 130 109 104 M 104M 105M i. 103 104 124 J Debenture 3 Ms 1946 A&O Debenture 3Ms 1956 A&O 20-year 3 Ms debs 1958—J&J Consol Elec & Gas 6s 1962 _M&N 6s series B 1962 F&A 104 Collateral 6s 1957 F&A Consol Gas of Bait 5s 1939--J&J Gen g 4 Ms Apr 1954 A&O 34 Consol Gas Elec Lt & P (Bait)— Ref mtge s f 3 Ms 1971—J&D Cons Gas (NY) deb 4 Ms *51-J&D m & coll tr 4s A 1956-B 1 J&D 1st mtge 3 Ms 1965 1st mtge 3 Ms 1967 1st mtge 3 Ms 1970 1st mtge 3 Ms 1966 M&N M&N M&N M&N Consum's Water 1st 6s A '46 M&N Deb 5Ms series A 1970—A&O trust 5 Ms to 1938—A&O trust 4Ms to 1941—F&A trust 4Mb to 1943--M&S trust 4s to 1946 M&S Galv-Houston Co inc 6s '55.J&D b 1.50 b 2.50 b 2.75 b 3.00 1.00% 1.75% 2.00% 2.25% 82 A&O 97 1944—J&J 86 1st mtge s f 5 Ms 1957 Gary Elec & Gas Co— 1st lien coll 5s x-w Gen 5s Nov 1,1954 Gatineau Pow 1st 5s 1956 It* 84 42 M 31M 90~ 118M 118M 104M 101M 101M M&N J&D Debenturegold 6s 1941-J&D 15 Deb 6s 1941 series B General Gas Utilities— 6s 99 A&O 104X 102 101M 60 — Corp— 80 83 99 M 72 73 102 101M 34 34 .... Georgia Ry & Elec— 97" 21 100 M Atlanta Cons St 5s 1939—J Atlanta Northern Ry Oo— 1st guar 58 '54 op '90 J Gesfurel 6s 1953 xw J£ 102 X 54" 101 / 31M "102M / 12 23 101 % Eastern Michigan Rys— Vs 2? 60 83" 26 M 1M 124 I 95 93 95 Edison Elec Ilium of Boston— 3 Ms 1st M s f July 1. '65-J& J Ed E. Ill(Bkn)See Kings Co EL& > Edison El 111 (N Y)—See N Y < Edison Sault Elec4Ms, 1961 A&i ) 97 100M Electric Pow Corp 107 M 1st mtge 5s 1948 Greenwich Wat & Col tr 5s 1952 108 Eliz & 109 103 103 M 103 M J 103 M System— • L Gulf Power 1st 5s 1968 Gulf Public Service Oo— 96 M 94 M 91 ser oo Elec CoMi- If 20 Hamburg (Germany) Elev Under 69 X Corp 104 M 92M 103 103 X C 1966-. Extl g s f deb 7s 1935 V S 100M Gulf States Utilities Co— 10-year 4 Ms deb 1946 20 M 20 M 68 M !!!? 40 99 M 108 M Elmira Water, Light & RR— Trenton RR 102 M 102 M as i sei rit >/ >/ ^ —— 101M 1st M & ref 4s 93 93 3/ )/ 106 M 104 M 52 Green Bay & Miss Canal— Hamburg (Germany) . 96M 107 M (Germany)- Electric P & L Deb 5s 2030_F<S Eliz Plainf & Cent J1 See Eliz & Raritan Riv) Public Se 83 96 M 95 M 112 3 Electric Ferries 7s (w-s) '41.A& ) Elec & Peoples. See Phila R T 93 93 70 ?50 102 M J ) 89 13 77 ?95M Great Lakes Utilities Co— 1st lien coll tr 5 Ms 1942-. Great Northern Power— 98 3 94 104" Great Lakes Power Ltd- 56 95 90 Eastern Shore Pub Service Co- 105 M 109 48 3 105M 106 M 71 67 X 70 3 105M 121M 26 .... 101 105M 57 60 70 J 102 35 95 57 X Georgia Power & Light Co— Eastern Oregon Lt & Power- 20 83 .... 65 1st & gen 6Ms 1950- 70 63 99" 97 82 M 61 77X j 60 73 f 113 15 Eastern Mass Street Ry Co— 35 35 107 61 72M 72 M mmmm 99 101 3 106 H 104 M 102 M General Public Utilities— 3 I 107 U Hydro-Elec Wks of Upper 1938 Equip Equip Equip Equip General Public Service 104 > 69 6s 70" 98 76 Eastern Gas & Fuel Assoc— 99M 1st lien 5s 1962 stamped--J&J Consol Edison Co of N Y— Consumers Nat Gas 6s '44-M&N Consumers Power Co— 1st mtge 3 Ms 1965M&N 72 Great Cons Elec Pow (Japan)— 126 107 M 106 M Cons Tr (N J)—See Pub Ser Corp Consolidated Water of Utica— 1st 4 Ms 1958 M&N 1st M 5s 1958 M&N Oonsum L H & P Co (Eliz, N J)— 5jj 104 52 M 103 95 1st 5s 1941 —-M& 3 1 108M A&O 84 X 71 36 10M Stamped guaranteed opt.-J&J 6% notes, 1940 §2M 87 67 Fontana Un Wat 6s 1935--J&J Fruit Growers' Express— 58 M 28* 88 1954 Transit— Duquesne Gas Corp— 1st conv 6s ctfs. 1945 M&S] 5/ Duquesne Light—See Phila Co Duquesne Nat Gas 7s 1948—J& r Duquesne Trac—See Phila Co Durham Pub Ser 7s A '49--A& > Conn Ry & Lt 4Ha 1951—J&J Corp — 66 M 30 96 M . 85 84 M Sinking fund debs 5s 1946-J&D 96 !/ 1st Wuerttemburg 1st 7s '56-J&J / 6 X 75 Duluth-Superior 95 57 H Florida Pow & Lt 1st 5s '54—J&J Florida Public Service Co— 1st 4s series O 1955 J&J Florida Telep 1st 6s 1945 A&O unstamped 1943 75 Connecticut Power— _ I *9 30 94 93 M 100 82 X 85 M Gas Co of New Mex 6 Ha'441 Gas & El of Bergen Co os '49. J&D 72 20 65 Florida Power Corp— 1st mtge 4s series O 1966--J&D 2nd 6s 20" 106M 32 110M 107 H CO 25 61H Equit G & E Utica 5s 1942.A&0 Erie Co Electric 6s 1959 J&J Erie Rys—1st 6s 1954 17 A&O / Erie Ltg 1st m 5s 1967 105 A&O Erie & Suburban Ry 5s 1941 A&O f 10 Fall River Elec Lt 5s 1945—J&J 107 X Federal Light & Traction— 1st 5s (Amer series) 1942. M&S 92 1st 5s (Internat ser) 1942 90 X M&S 92 Stamped M&S 1st Hen g 68 1 942 stpd-—M&S 96 M 80 Debenture 6s 1954 ser B._ J&D Fed'l Pow & Lt 6s Nov 1,1965— / 25 Federal St & Pleasant VaUey Pass Ry 5s May 1 '42 J&J Federal Water Service Corp— Conv deb 5 M s 1954 M&N 105 101 53 111 125 O Dortmund Munlc Util (C 20-yr s f 6 Ms 1948 25-year deb 3 Ms 1956—-M&S Conn Ltg & Pow 5s '39 J&J Consol 89M 99 Ercole Marelli El Mfg Co (Italy) 1st s f 6 Ms 1953 with war M&N 5s with warrants 1944--J&J Gary Rys Co 6 Ms ser A 1945 ' / Gary Street Ry 1st 5s 1937--A&O f 23 126M 107 M Consol Gas Utilities Co— 1st & coll 6s 1943 ser A-J&D 6s stamped 1943 J&D Empire Gas & Elec and Empire Coke jt 1st & ref 5s'4l opt-M&S 109 21M 1st & ref s f 7s '51 ser A..M&N 1st & ref M 3 Ha ser F '66.M&R 1st & ref M 3 Ms ser G '66-J&D Conn Rlv Pow 3 Ms ser Ar61 F&A Oonnellsv Wat 5s Oct 2 *39-A&O Consolidated Cities L P & Tr— ' 87 102 M 113M rf „ 1st & coll trust 5s 1956. --J&J i i Dom Elec Pow 5Ms 1! Dominion Gas & El 6 M« '42 1st & ref m 5s 1952 M&S Empire Gas & Electric Co— Gen & ref 6s ser A 1952—J&D CO OO Det & Pt Huron Shore Line— 112 Community Water Service Co— Deb g 5Ha 1946 ser B—M&S Oonestoga Trac 1st 4s 1950--J&J Coney Isl & Bklyn cons 4s '48 J&J Connecticut Light & Power— _ 105 81" Gandy Bridge (Tampa) Bridge— Certificates of deposit. J&D 104 H 103 r-tH r-t HO 112 International Conv deb 4 Ms 1946 Empire District Elec Co— 104 102 M Detroit Edison— Detroit 102 M Galveston-Houston Elec Ry1st M s f g 58 1954 opt——A&O / Co— 1st mtge 6s 1947 series A-. 1st mtge 5s 1950 series B j 107 % 112 18" 17 103 107 M 108 101M 80 City Gas 108" 84 101 93 Detroit 101M 103 105 1st m 5s 1950 ser A— J&J El Paso Nat Gas— 1st mtge 4Mb ser A 1951—J&D Federated Utilities Inc— 1st lien col tr 5 Ms 1957—M&S 45" 41 / 105 5 102 109 M 106 k 107 M M&N Stamped as to Pa tax Denver Tramway Corp— Gen & ref 5s 1950 ser A—J&J 1st cons mtge 6s 1943 A&O Des Moines Gas Co— 1st mtge 5s 1956 M&! Des Moines Ry 1st »nc 5s Jan 1 '5i Detroit & Canada Tunnel— 1st mtge s f 6s 1953 M&D 107 M 108 102 M 107 1st & ref 5s 1951 Certificates of deposit 104 J&J 40 100 Light Co— J&J 96 101 A 101 107 Commonwealth-Edison Co— 1st M 5s 1953 98" 106 60 59 - 100 1st mtge & colltr 4s 1965.M&N 33 106 38 1st mtge g 4 Ms 1969 1st mtge g 4Mb 1969 Delaware Vail Util 6s 1952-1 Denv Gas & El 1st g 5s '49--M&N 111M 102 M Ask El Paso El Co— _ Columbus Ry Pow & Light— _ 70 100 f 103 Delaware Power & 1st M 4Ms 1971 35 J&D A 105" 103 65 Public Service Co— Coll inc 6s B Oct 1 11954—J&D / 30 M 93 Cuban Telep conv 5s 1951—-J&J 1st lien & ref 7 Ms 1941.-M&S 96 M Cumberland Co (Me) Pow & Lt— 100 M 1st mtge 3Ms 1966 A&O Cumberland Gas 6s w-s 1948M&N / 30 Cumberland Valley Telephone— 100 M 1st mtge 5s 1966 J&J Crescent Dayton Power & Light— 1st & ref M 3 Ms 1960 A&O Delaware Elec Power CoDeb 5 Ms 1959 J&J 100 M 105 2 " Danville Tr & Pow 1st 5s *41.J&J Darby Med & Ches Ry—See Phila R Tr 97 Dawson Ry & Coal 5s 1951—J&J 101 93 M 92 M 91 88 Bid Bonds 73 X 69 M Dallas Ry & Ter 1st 6s 1951-J&J 61 B—M&N ser ser Cooper RivBri'gelnc 1st 6s'58M&N Copper DIst Pow 4 Ha 1956- J&D Council Bluffs Gas 5s 1948--M&N County Gas of Dallas 5s *46 A&O County Gas (N J) 5a Jan 1 ,1952. Danbury & Beth Gas 6s 1948 F&A 66M 100 1st 5s ser A 1958 M&S Cleveland Elec Ilium— Gen mtge 3 Ms July 1. *65-J&J 111M Cleveland Ry 1st 5s A 1945-M&S 101M Oleve Southw Ry & Light— Gen & con 5s 1954 2 M&S / Coast Cos Gas & Elec— 107 M 1st s f 4s series B 1965 M&S Colonial Util 5 Ha 1958 J&D Colorado Cent Pow 5Ha '46-J&D Colorado Power 1st 5s '53—M&N 72 X General 5s 1966 -..--A&O Dallas Gas 1st 6s 1941 —A&O 55 Olarksbury-Columbus Short Route Bdge 6 Ms '52-J&D / Clear Springs Water Serv— Contin Gas & El deb 5s 1958 F&A Continental Pub Serv 6s *40. J&D f Continental Telep 5s 1953--F&A - pipe line 5 Ms 1942-M&N Cities Service Power & Light— 55M Deb 5 Ms 1952 M&N Deb 5 Ms 1949 65M J&D Citizens Independent Telephone 102 M 1st mtges f 4MBser A *61--J&J Citizens Utilities Co— Income notes 3s 1955 F&A/ 27 M Citizens Water (Scottdale)— 50 1st 5s series A 1953 J&J Ask Bid Bonds 62 M Cities Service Gas Pipe Line Oo— 1st M 6s 1943 J&J 1st M » M&S 104 X Harrisburg Gas 5s 1970 M Havana Elec Ry 5s 1952 I 5 Ms (Sept'31 coup on) '51 _3V Hempstead & Oyster BayWater 6% July 1 serially--, Hest Man & Fair Pass Ry—Si Home Tel & Tel (Ft Wayne)1st 6s series A 1943 1st 5 Ms series B 1955 f if 3/ 28 21M 44 107 46 »108 29 27 IX Va 90 >hil R T . J mm ■ 37 M / This price includes accrued interest, / 91M 103 M 104 ) 101M 104 M 105 85 M > b Basis. ) 3 103 M 101* 98M 100 ) 88M 92M Houston Gulf Gas- k Last sale, n Nominal. mm " PUBLIC March, 1938] 75 UTILITY BONDS NOTICE—All bond prices ere "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 Houston Light & Power 1st mtge 3**s 1966 —J&D Houston Natural Gas Corp— 1st m coll 6s *43 with warr.J&D Hudson Co Gas 5s g 1949—M&N Hudson River Trac 5s 1950-M&S Hunt'g'n Wat 1st M 6s '54A M&S 1st M 5s 1954 ser B--. M&S 1st 5s ser O 1962— A&O Hydro El Bond & Sh 5s 1957M&N Hydro El Corp (Va) 5s 1958. J&D Hydro El Pow Comm 3**s'43J&J 4?*s due Jan 1.1970 J&J 4**s 1938 F&A Idaho Power 1st 3 ?*81967..A&O Illinois Bell Tel 3**s B '70—A&O Illinois Commercial Telep— 104 J* 105 102 120 60 103 101K 106" 104 99 91 93" 103 118 103 104 M 101% 108 M 102 109 120 103 M _ 1st 58 series A 1948......M&S 1st mtge 5s 1960 ser B—.M&S 111 Community Tel 6s 1949—J&J 95 97 94 42 96 45 Illinois Northern Utilities Co— lst&ref5s 195' opt......A&O Illinois Power & Light Corp— 1st & ref 6s 1953 series A..A&O 1st & ref 5**s 1954 ser B..J&D 1st & ref 5b 1956ser O. J&D 8 f deb 5hs 1957 M&S Illinois Water Service Qo— 1st mtge 58 1952 series A—J&J Indiana Assoc Telegraph— 107M 108 90 87 75 101 103 1st mtge 4Ms ser B 1965..A&O 105 Indiana Central Telep Co—. 1st lien coll 5**s 1938—M&N / 89 Indiana Electric Corp— 106 1st M 6s 1947 series A...M&N 1st M 6Ms 1953 series B..F&A 1st M 5s 1951 series O M&S Indiana Gas Light 6s 1941 M&N Indiana Gas Utilities 5s 1946.J& J Indiana General Service— 1st M 5s 1948 J&J Indiana Hydro-Elec Power-— 1st mtge 5s 1958 sar A M&N Indiana & Mich El 5s 1957—F&A lst&ref 5s 1955 M&S Indiana Pr 1st 7Ms *41 A .M&N Indiana Ry & 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— 86 91 H 89 77 66" 109 M 78 110M 81 111 106 M 106 H 112M 102 53* 53 ser 48 63 J&J A 105 M 48 Indianapolis Ry 5s, 1967 ....J&J Indianapolis Water— 1st mtge 3 Ms 1966 —J&J Indianapolis W W Sec Co— Sinking fund deb 7s 1938-F&A Rapid Transit— ,b53& 18 Certificates of deposit Conv g 7% note 1932 M&S Intercontinent8 Power Co— Debs A 6s 1948J&D f 5 International Hydro-Elec System Conv deb 6s 1944 w w. A&O 97 Internat'l Pow Ltd 6**s 1957M&S Deb 6s 1957 M&S 94 Debentures 6s 1955—J&J 100 M International Power Sec Corp-— bonds 1955 ser O J&D Sec 7s 1957 ser E ..—F&A Sec 7s 1952 ser F J&J15 International Railway (Buffalo)Buff Trac 1st 5s 1948. J&D Buff & Lock 1st g 5s 1938—J&J Internat Ry ref os '62 op.M&N International Telep & Teleg— Deb g 4Mb 1952 J&J 6M % sec Conv deb 4%9 Deb 5s 1955 1939 ...J&J F&A Int-State Bridge 4-6 Ms '50 M&N Interstate Gas & El 6s 1951—J&D Interstate Power 1st 5s '57—J&J Deb gold 6s 1952 J&J Interstate P S (Ark) 6s 1940 M&S Interstate Pub Serv Co— 1st & ref 6**s 1949 ser B..J&J 1st & ref 5s 1956 ser D....J&D 1st & ref 4Mb *58 ser F—M&S Interstate Rys 4s 1943.. .F&A Interstate Telep Co— f 1st M 5s 1961 A&O Interstate Tel & Tel 5 Ms 1953J&J - Investors Telephone 3s 1961.J&J Iowa Electric Co— 1st 4s ser A 1961... .J&J Iowa El Lt & Pr 7s ser C '42.F&A 1st mtge 4s ser E 1955....J&D Iowa-Ill Telep 2-5Ms 1949—A&O Iowa-Nebraska Lt & Power— 1st lien & ref 5s '57ser A..M&N 1st 1 & ref 5s 1961 ser B M&S Iowa Pow & Lt 1st 4Mb 1958 M&S Iowa Pub Serv 1st 5s 1957..J&D Deb 5s 1968 M&S 1st mtge 5 Ms 1959 M&S Debenture f»s 1960 .M&N Iowa Southern Utilities— 1st & ref 5 Ms 1950 J&J 1st & ref 5 Ms July 1 '50-M&N Deb 6s 1950 ser A M&N Isarco Hydro-Elec Co (Italy)— 1st M s f 7s 1952 M&N Island Gas & Electric— 25-yr s f 5Ms 1953 ser A..M&S Italian Superpower Corp— Deb 6s 63 (without warr).J&J Jackson County (Mo) Lt H & P 1st 6s series A 1956 .J&D e x * Called April 1 at 105. Called May 1 at 100. 1st 6-7s series B 1951-——J&j 1st ref 4s series O 1957——j&J Kansas Elec Power— 1st mtge 3 Ms ser A 1966.J&D Kansas Gas & Electric— Deb gold 6s 2022 ser A—M&S 1st mtge 4M« 1080———J&D Trftnaaa Power 1st 5s 1947..M&S Kansas Power & Light Co— 54 II* Kentucky Power & Light Co— 1st 5 Ms series A 1948..—M&S 1st m 5Ms 1948 ser B—M&S Kentucky Traction & Terminal— 1st & ref gu 5s '61 opt 14 F&A Lexington Ry 1st 5s 1949.J&D Kentucky Utilities Co— let M 6 Ms Sept *48 ser D M&S 1st M 5 Ms 1955 ser F—A&O 1st M 5s 1961 series G F&A 5s series H1961-—fj&A 1st M 5s 1969 ser I F&A 1st 7s series J 1957.—...F&A 1st 6s series K.1957--.---M&S Keokuk Elec 6s 1945—.---M&N 64 83 98 87 100 36 39 58 J 1 19 3 104 102 110 28" 98 M 98 % 116 lOOM 80 85 72 M 73 % 73% 73M 73 97 89 93 95 98 Kings County Elec Lt & Power— Purch money 6s g 1997—A&O Edison El 111 Blkyn 4s *39. J&J 151* 101 It* 1st col&ref 5Msl960 ser D F&A 49 6s coll notes ser A1942—F&A 49 6s coll notes ser B1942—F&A 102 M La Crosse Telep 5Ms 1948—J&J * 105 Lake Erie Pow & Lt 6s 1946.A&0 1st & ref 5Ms ser B 1949-M&S t 105 1st & ref 6s ser C 1952—M&N *105** 65 Lake Sh Gas 1st 5Ms 1950—M&N 114 103 33 83M 114M 104 95 93 106 M 101 82 103 88 94?* 101* 83 104 de^_ / 28 s 72 75 72 ^ 20 M J&D / f 7s 1941. Marion-Reserve Power— 1st mtge 4Ms 1952 ...A&O Maritime Tel & Tel— 99 110 99 Market Street El Pass Ry— See Phila Rapid Transit Market St Ry (San Francisco) 85 Mass Utilities Associates— S f deb 5s 1949 ser A „ 83 M _ -A&O Maysville P Serv 5**s A 1942A&0 Memphis Power & Light Co—1st & ref 5s 1948 ser A .J&J 1st & ref 4**s 1978 ser O—A&O Memphis Street Ry— 3-5s series A1945——, A&O 3-5s series B1945 —Aim April / Meridionals Electric Co— 1st s f 7s 1957 ser A A&O / . _ 76 65 45 9 „ Metropolitan Edison Co— 1st M 4Ms 1968 ser D—.M&S 1st M 4s 1971 ser E._—M&N 1st mtge 4s ser G 1965 M&N Metrop Edison Corp 6s '61.M&S Metro Wat Sewer—See Fgn bds Metropolitan West Side "L"—. k 1st gold 4s 1938 F&A Exten 102 M 86 63 1083 1033 1043 91 . 6M / J* J&J gold 4s 1938 36 35 Mexican El L 1st M g 5s '42.J&J Mex Lt & Pow 1st 5s *40 s f— F&A Mexican Utilities 7s 1939—A&O 49 Miami Bridge— Mar 1952 Michigan Associated Telep Co— 1st M 5s 1961 A&O Mich Fuel & Lt 6s A1950—J&D Michigan Gas & Elec Co— 1st & ref 6s 1943..—.——M&S 1st M 5s 1956 J&D Michigan Public Service Co— 1st g 5s 1947 ser A A&O Middle States Telep 6s A '47.J&J Middle States Util 6s A1951 A&O 50 102 52 93 842* Middlesex & Boston St Ry— ref mtge 5Ms 1942. J&J _ 1st and Middlesex Elec Lt Pow 5s '55 J&J Middlesex Water 5Ms 1957-A&O Middlesex & Somerset Trac— 5s 1950. J&J Middle Western Tel 6s 1943-J&J 98 53 90 118 105 79 75 97 25 24% 93 04% 101 101** 100** MR** 100 (SO too 1st M 4Ms 1967. - 94 M 94 24 67 26 67 70 65 Minnesota Nor Pr Jt 6s 1944 A&O Minnesota Power & Light Co—- 99H J&D M&N 07% S6% M&S 65% 1st & ref 5s 1955 1st & ref 4Ms 1978 Mississippi Power Co— 1st & ref 5s 1955 Mississippi Power & Light— Leipzig Overland Power— M&N loo" 97 Mississippi River Pow 5s '51-J&J Deb 5s May 1.1947——M&N Miss Val Pub Ser 1st 5s '54.J&D 99 101 95 93 M 100 75m 69 75 103 102 100 M 99 100M 96 63 45 40 77% 109% 102% 104% 67 78** 110 89 1st & ref 5s ser B 1957——J&J / 1st 4-5s 1956 A&O Missouri Power & Light— 1st mtge 3%b 1966— J&D Missouri Public Service Co— 91" 65 64 Missouri Edison 1st 5Ms '47 J&D Missouri Gas & Elec 6s A '44 M&S / 67 662* 98" 99?* 65 1st s f 5s 1960 —F&A Missouri Riv Sioux City Bdge— t 103?* 1st s f 6s 1953 !M&S - Missouri 87 _ J&D 1st M 5s 1957 65?* Telephone— 100 4 V^s series C 1961 M&S 8 Val Pub Ser 6s '39 J&J / wrnmmmm Missouri 100 88 98 83 103 103" 101 viobiie Gas Service Corp— _ 64 A&O 1st 5s 1956- 39 27 1st cum inc 9s ser A *56—A&O / Income 7s 1956 —A&O / — 62 91 Mob Lt & RR Cons g 5s '41-M&S Mohawk Valley ref os Debenture 6s 2031 65 68 70 75 67 71 1022* 103 M 103 M 104 115 116 M 100 M 98 M 60 94 loo' 1991 M&N A&O 91 Wat 5s '56. J&D Monongahela Light & Pow Co— 87 —-J&D 114 Monmouth Cons 1st M 5s 1949-- Monongahela Valley Water 1st M 5J4s 1950 series A—J&J Monongahela West Penn Pub Ser 1st & gen mtge 4Hb 1960.A&O Debenture 6s 1965— A&O Mont Cities Gas 7s A1937..M&N 89** 101 .... 101** 90 102?* 92 % 99 65 Montana-Dakota Power— Ext 1st 5V£s-6Hs 1944....J&J 91?* 02% 98 Montana-Dakota Utilities— Conv deb 4*$s 1946 A&O 67** 70 91 91** lontana Power— , 93 1st & ref mtge 3H* 1966—J&D Montreal Isl Pow 5Hb 1957 M&N 103** Montreal Lt Ht & Pow Consol— _J&« F&A J&J / Price includes accrued interest, k Last sale, 3% conv 1st & coll deb 1939 s f 3*^8 1956 3*fis 1973—- 50** 1st & coll 75 80 Midland Util deb 6s 1938-_M&S / Milwaukee Elec Ry & Light— 1st & ref 5s 1961 ser B—J&D 1st M 5s 1971 —J&J Milwaukee Gas Light Co— M&S Minneapolis Gas Light Co—• 1st mtge 4s 1950 J&D 65 103 21 M 103 M 96 M 111 Luneburg Pow L & W W(Germ'y) 1st M s f 7s 1948 M&N / 82 52 62 Superior Dist Pow— 45 88 49 20 3 88 60 87 44 85 47 M 20 1J 30 1 _ 18 1 88 99 98" 95 103 M Lower St Lawrence Power— 1st s f 5s ser A 1955 A&O 96 107 98 103 M lik 43 1 106 M 106 41M 70 66* / / f Income deb 6s (w-s) 66 Si* 98 96 59 90 100 91 M&N 98 26 86 92 84 M 14 86 1st s f 6 Ms serA 1941 A&O Gen s f 7s ww 1941 A&O Manhattan Ry con 4s g '90. _A&0 Cent Hanover Bk ctfe of 2d gold 4s 2013 Manila Elec RR & Ltg Corp— 1st lien & colltr 5s 53....M&S Manitoba Power Co Ltd— 1st M s f 5Ms "51 ser A—J&J 1st M s f 5Ms 1952 ser B..J&J Mannheim & Palatinate Elec Cos _ Keystone Telephone Co— 1st & ref 5Ms 1955 ser A—J&D 1st 1 & ref 6s 1951 ser B_— A&O Lewiston Gas lit 3 Ms C '56. A&O Lex (Ky) Ry—See Ky Tr & Term , _ 1st s f 7s 1940 ser A Q Jan—... Maryland Light & Power— 1st M 5Ms 1950 ser A...-J&J 80 106 99 25 10 85 82 82 M 24** 44M 72" 91 if f mtge 6 Ms 1946 Manchester Terminal— Ref & gen 6-4 Ms ser B1966 J&J Ref & gen 4s series C 1967. J&J 69 Lehigh Power Securities— Deb g 6s 2026 ser A—..F&A Lehigh Valley Transit— 1st extend 4s 1945 —J&D Ref & impt g 5s I960..—J&D 1st extend 5s 1945 -.J&D 107 107 112M MacLaren-Que Pow 5 Ms Febl'61 5 Ms series B 1964 —M&S 15-year 114M 106 % 100 98 M 62 104 114 28 27 97 M 88 105 M SO Lexington (Ky) Tel— 1st M 6s ww 1944 ..M&S Lexington Util 1st 5s 1952..F&A Lexington Wat ref 5 Ms 1940.F&A LexingtonWat PowOolst5s'68J&J Conv deb 5**s 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 4Ms 1955..J&D Lombard Elec Co (Italy)— 1st extl 7s 1952 J&D Long Beach Gas 1st 5s '56--J&D Long Island LightingSecured g 6s 19451. J&J Conv deb g5**s '52 ser A. A&O Long Island Water 5**s '55 M&N Lorain Telep 1st 5s 1958 J&D Los Ang Pac Co—See Pac El Ry Los Ang & Pac RR-See Pac El Ry Los Angeles Railway Corp— 1st & ref s f g5s 1940 J&D Los Angeles Ry 5s 1938—A&O Los Ang Trac 1st cons 5s '38. J&D Louisiana Pow & Light Co— 1st mtge 5s 1957 ..J&D Louisville Gas & Elec Co (Ky)— 1st & ref M 3Ms 1966 M&S Louisv Ltg 5s '53 unstmpd—A&O Louisv Ry cons ext 5Ms 1940J&J 2d 4 Ms 1940 M&S General 5s 1950 ......F&A Lowell Gas Light— 1st mtge 4 Ms ser A 1966.M&S Lower Austrian Hydro-Elec— 1st s f g 6 Ms 1944 F&A & 60 55 42 43 % 02** 89 1054————J&J _ -M&S —-J&J . 105 102 66 KingsCoElev—See Bklyn-Queens Kings Co Gas & HI 1st os 4u A&O Kings Co Ltg 1st ref 5s 54.-J&J Gas & Elec— 5s'48 op'13 A&O lst&ref 6s 1954. Debenture 7s 1944 Macon Gas 1st mtge4Ms'52. J&D 105 Kewanee(Ill)Pub Ser 6s A 49 J&j Key West Electric 5s 1956—F&A Keystone Pub Serv— Luzerne Co (Pa) 1st ref&imp. g 100 M 100 83 Macon Ry & Light 1st 5s '53-J&J 105 105 M Madison Rys 1st g 5s 1936..M&N / 10 32 31 103" 103 95 1st mtge 3 Ms ser A1966—A&O Lancaster Co Ry & Lt 5s 1951 J&J Lawrence (Mass) Gas & Elec— 1st M 4**s 1940 ser B F&A 64 5 3M 109 1st mtge 4 M» 1965—.-—M&N 67 Kentucky El Pr lstsf 6sl960J&j Kentucky Fuel Gas Corp— 1st 6Ms 1942 with warr—J&D / 9 Kentucky-Ohio Gas Co— Ctfs indebt 2s 1958—-—J&D / 30 Lake 60 35 M 35 Bid Bonds Ask . 1st 5s 1951---— F&A/ Debentures 6s 1948..—F&A j Laclede Gas Lt 5s 1939——A&O 1st M coll tr 5 Ms *53 ser O F&A 1st & ref g 5s *66 op tax-ex. J&J / mi Certificates of deposit fk 50 A&O / 1st 6s series A 1042—.—.F&A Kan City Pub Serv 6s A '51—J&j 1st ref 6 Ms 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 6% notes 1932 Jersey Central Pow & Lt Corp-— 1st & ref 5s 1947 ser B.—F&A 1st M 4Ms 1961 ser O..—J&D Jer City Hob & Pat—See P S Corn Johnstown Traction 4s Dec 31 62 Cons mtge 3s B Dec 311962... Joplin W W 1st 5s 1957-—M&S Kansas City Gas 1st 5s 46—F&A Kingsh'way B dge 6 Ms 62—A&O Knoxville Traclst os 1938—A&O Kokomo Water Works— 1st 5s ser A 1958 —- J&D Lackawanna & Wyoming Val RK Secured 5s 1958 J&J Inland Gas 6Ms 1938 ...F&A Certificates of deposit Inter borough Jacksonv (Fla) Gas— 5s stamped 1042...---—-J&D / Income deb 6s ser A 1952 M&N / James River Bridge Corp— 1st sink fund 6**s 1958—J&J / Deb gs 7s 1943--------J&D / Jamest'n (NY)Telep 5s 1954 J&D 1st M 5s 1978. 20 93 J&D J&J Indianapolis Columbus & South¬ ern Traction 1st 6s 1948—F&A Indianapolis Gas 5s 1952 A&O Indianapolis Power & Light— 6% conv notes 1940 Indiana Telep 5s A I960-. 1st M 5s 1957 89 91M 75 100 62 Bid Bonds Ask 103 96?* 50?* 103?* 07% 85 t Called March 1 at t Called May at 105. 0 Basis. n Nominal BONDS PUBLIC UTILITY 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 Bid Bonds Montreal Tramways— 1st & ref g 5s 1941 opt—_J&J 1004 M&N M&N M&N ex_M&N Ref mtge 34s ser B 1967—J&J N Y Water Service Corp— 1st M 5s 1951 ser A M&N N Y & Westchester Lighting— N Y Steam 6s 1947 1st M 5s 1951 1st M 5s 1956 N Y Tel 1st 44s '39 tax 1014 Gen & ref 5s 1955 series A. A&O 78 B—A&O Gen & ref s f 4 4s *55 ser O A&O Gen & ref 5s 1955 ser D.A&O Morgantown Water 5s 1965—J&J Mount Hope Bridge 5s 1969-J&D 79 Gen &ref 5s 1955 ser §6" 1044 71 21 77 79 78 Income 8s Dec 73" 19 15 1969—— Mountain States Power Co— 1st & ref 5s 1938 .J&J 1st M 6s 1938 series B J&J 2d 1965.M&N Municipal Gas &E1 Corp of Recklinghausen 7sl947 J&D Municipal Serv coll 6s 1956.F&A 80 105 23 1034 84 864 1054 87" 92 92 F&A / Deb 6s 2022 M&S Nev Calif Elec 1st 5s 1956—A&O Deb 6s July 1941 J&J Amsterdam Gas—See N 1144 744 92 119 102 ".-56-564 1st 4 4s 1961 ser B Newfoundland Light & 54s 1971 1st s f 44s 1956 574 50 1034 J&D 5s 1952 series A 57 834 M&N 1234 1214 86 .104 Coll tr M&N Power— J&J J&J Northern 1254 1224 A&O 113 114 M&S M&N 1st & ref 4 4s O 1981 44» 1983 114 115 115 114 50 N J Pow & Lt 1st 44s '60—A&O New Jersey Water 1064 55 Newport & Fall River St Ry— 44s 1954 J&J Newport Gas Lt 5s A 1961--J&D Newp News & Hamp Ry G & E— 1st & ref 5s 88 M&N *50.M&S 994 20 f / . 564 41 19 f / 10 1034 74 94 64 94 534 21 40 Ohio 102 1024 1024 974 884 854 Ohio Elec Pow 1 st M 5s '57. ^82 106 1024 1244 1144 1314 1164 118' 113 674 111 113 1st mtge 4s, 1962 1044 1044 1014 1144 Ohio Valley Gas 9 105 64s 1962 * 994 107 994 1084 994 924 Oklahoma Power & Water 994 1st M 5s 1948 ser 78 76 A 1st 5s series B 1949 Oklahoma Ry 1 st & ref 5s '41. Income 5s 1990 Apr io" 80 - 52 1 / 56 29 80 80 29 27 71 93 964 1st extd 94 94 End Trac Hest Mantua & 57 68 Market ' < con 5s '38.J&J Fairm 54sl939 Street Elev 1st g gu 4s 1955 Union 28 1064 1124 38 73 72 75 81 154 — M&N Pass 52 Ry M&N 894 Traction— 4s tr ctfs *45.A&O People's Traction Co— P P Ry tr ctfs 4s '43.F&A 12 Union Traction 4s 1952.J&J 80 Elec & Peo 53 55 Ontario Transmission Co Ltd— 1st gu g 5s '45 opt bef '16-M&N 44 86 28 5s'50A&0 Philadelphia Rapid Transit— Coll tr g 5s 1957 opt s f_..F&A S f guar 5s 1962 M&S 6s gold 1962 M&S 1st m r e 6s 1944 J&J Darby Media & Ches St Ry 1st 44s 1936— J&J 18 924 44 1074 1074 J&D Philadelphia Electric— 1st & ref mtge 3 4sl967--M&S Philadelphia Elec Power Co— 1st mtge 54s 1972 F&A Phlla & Garretsford St Ry— 1st 5s 1955 F&A 54" 16 77 44 99 1134 6 1114 44 M&N Called March 1 at par. sale, n Nominal. 1024 1004 1124 Certificates of deposit Last loo" 974 New York State Rys— con 71 70 1st con g 44s '62 op *13..M&N Certificates of deposit / 93 105 108 West Corp— 90 .F&A ..M&S M&S 80 974 United Trac 5s 1997 ctfs..J&J Oklahoma Gas & Electric— 40 B'way & 7th Ave 5s 1943. J&D 68 70 So Trac 1st & coll tr g 91 Bleeck St & F F 1st 4s '50.J&J 79 Company— 2d Ave Tr 1st 5s 1934 .... Oklahoma Natural Gas— N. Y. & Richmond Gas Co— 1st ref M 6s 1951 ser A.-M&N N Y State El & Gas Corp— 1st 1014 1004 f 40 / 20 Ohio Term (Cleve) 6s 194 Ohio Val Elec Ry 1st M 5j 125 25 1st mtge 4s 1965 1st M 44s 1980 1st 44b 1960 F 102 984 f 5s '40-J&J 834 964 Duquesne Lt 1st 34s '65. J&D Duquesne Trac 1st 5s '30.J&J Pittsb Rys 5s 1953 A&O Ohio River Bridge & Ferry— 1044 1124 J&J A&O Secured gold 5s 1967 J&D Ardmore Street 5s 1958..A&O 1044 69 111 stpd 1958 M&N Debenture 4s 1950 105" Philadelphia 1044 1044 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 Adt income 6s Jan 1 1965_.Apr 1004 Co. Electric s 85 794 105 _ Cities Water Corp— 1044 1034 1074 84 Pennsylvania Gas & Elec Co— 1st 1 & ref 54s *55 ser A..M&S 1st L &Ry 5s 1958 ...M&S Pennsylvania Gas & Elec Con)— Deb gold 6s 1976 ser A...M&S Pennsylvania Pow & Light Co— 1st M 44s 1981 A&O Pennsylvania State Water Corp— 1st coll trust 4 48 1966—M&N Penn Telep 1st M 4s 1965..A&O Penn Water 1st 3 4s A '67.-F&A 115 1064 834 724 Peoples Gas (N J) 1st 5s '68.J&D 50 lsts f 54s I960 J&D 53 Peoples G & Fuel 6 4s ww'37 A&O / 144 904 People's G L & Coke, Chicago 1st cons g 6s 1943 A&O Sept 23 117 Refunding gold 5s 1947..M&S 110 1st & ref 4s 1981 ser B J&J 874 1st & ref mtge 4s ser D '61 J&D 914 Mutual Fuel Gas g 5s' 47 M&N 100 1124 Peoples Light & Power Corp— 1st lien 54s 1941 55 J&J 79 Conv deb 5s 1979 J&J 94 3-6s 1961 554 Peoples Telep (Butler, Pa)— 4s 1960 J&D 1054 97 !014 Peoples Tract—See Phlla R T 95 Peoples Water Service (Md)— 1st lien 6s A 1949 w w F&A 72 74 4 Peoria Water Works Co— 104 1st consol 4s 1948 M&N 984 Prior lien 5s 1948.. M&N 1024 1034 98 1st con 5s 1948 M&N 984 1st & ref 5s 1950 F&A 90 1004 62 60 1st 1 & ref 3 Mb ser D 1965. A&O 1st lien & re* 3 Mb ser E'66 A&O N Y Gas Elec LH&P Co— Prior lien 6s Pennsylvania Ohio Public Service Co— NY&Westch Ltg 4s 2004.-J&J Deb g 5s 1954 op guar..J&J N Y Power & Light Corp— 1st mtge 44s 1967 _.A&0 N Y & Queens Elec Lt & Pow— 1st & cons M 34s 1965--M&N New York Rys Corp— 32 90 1st ref 4 4s 1968 ser B.. .M&S ser A '67.F&A 70 1044 NY G E L H & P— - 102 ...F&A 5jis 1960 Edison Co— Deb g 6s 1950 ser A ex-w.M&N Deb 5 4s 1959 ser B F&A Penn Pub S 1st 6s ser C '47.M&N 22 42 90 Gas—See 1948--J&J coll 1st & ref 4s 1971 ser F 1st & ref 5s ser H 1962 .21 k 107 95 NY & ER Gas 1st g 5s '44. J&J Con 5s 1945 ..J&J 85 1184 M&N Penn Water & Pow Ocean City Coastal Highw B"dge _J& New York Edison Co— New Amster Gas 5s 1979 1st & ref 5s series D 1954 .J&D 1004 73 J&J River 994 100 77 N 100 1004 102 5s 1952 Y & East 5s Penn-Ohio 994 984 101 1st 65 1044 1044 Penn Wat Serv 5s 89 1st 5s series B 1951 N Y Cent Elec 1st 54s 1054 14 Penn-Jersey Water— 1st 93 83 J&J Penn Central Light & Power Co— 1st & ref 4 4s 1977——M&N 101 92 98 115 _ 70 100 5s Nov 1 1938 1094 1064 1024 80 1294 984 M&N a 1024 1134 1044 117 76 120 Newp News & Old Pt Ry & El 1st. 1964 1st 1284 NY PA NJ Utilities- 92 Newport Water 5s 1953 M&N New Rochelle Wat 54s '51-M&N 106 1st extended 64s 1950..M&N Non-cum inc deb 6s 1950.M&N 90 874 101 1154 1094 Pecos Valley Gasext64s '44M&N Pecos Valley Power & Light Co 75 1034 1034 J&J 1944 56 .... 954 964 104 67 54 83 Paterson Ry—See Pub Serv Corp 65 93" 904 864 544 38 108" .944 944 New 1st & ref 5s 1955series B..J&D 5s stamped 1942. J&J Inc 6s Nov 1949 ser A—J&D / 5s 36 344 Northwestern Utilities, Ltd— 91 M&S / consol gold 5s 1949 M&S Paterson & State Line Traction 85 Light & Power— Certificates of deposit Northwestern Pub Serv Co— 1st M 5s ser A 1957 J N'western Teles 1 st 4 4s '44-J 94 1950 Ref mtge 3 4s ser O 1966.J&D Parr Shoals Pow 5s 1952 A&O Paterson & Passaic Gas & Elec 107 —M&N 102 Orleans Pontchartrain Bdge 1st s f 7s 1946 -M&S / New Orleans Pub Service Co— 1st & ref 5sl952 series A..A&O 6s Teleph & Telegraph— Refmtgle34sserB 1966.-A&O 1054 101 6s series B 1950 F& Northwestern Power Co Ltd— 884 deb 101 1024 Pub Serv— Northwest Pacific Power & Light Co— 1st M s 1955 F&A 84 f g 68 1940 opt—J&J Utilities Co— Northwestern 1064 1st & ref M 34s ser H '61-J&D 1st & ref M 34s ser 11966.J&D Pac L & P Co 1st 5s 1942...J&J Pac Ltg Corp deb 44s 1945.A&0 Conv 37 '20—A&O 11074 103 1st mtge 5s 1958 -.J&J New Orleans City & Lake— 1st g f 5s 1943 J&.1 New Orleans City RR 5s'43 J&J 94 1044 1st mtge 5s 1941 opt M&S f Union El (Loop) 5s g'45__A&0 / 99 914 4 24 Northwest Louisiana Gas— 1st M 64s 1936 with warr.J&E / 8 Northwestern Electric— 1st 6s stamped 1945 1034 M&N arthwestern Elevated (Chic)— Co— 1st mtge 5s 1950 F&A New Mex Gas conv 5s 1951 M&N New .vlexico Power— s 100 Pacific 1st lien 4-6s 1968 1004 N J & Hud Riv Ry & Ferry— 1st gold 4s 1950 M&8 1054 101 S f reg income 3-6 4s May 1 '69 / N'west Cities Gas 6s 1949—J&j / 1024 984 New Haven Water— 1st & ref 4 4s B 1970 794 99 1004 524 M&S Los Angeles Pacific RR— 1st & ref mtge 5s 1943.M&S Pacific Gas & Electric Co— 1st & ref M 6s 1941 ser B.J&D 1st & ref M 4s ser G 1964--J&D Pacific Northern N Y Utilit ies Inc— 1st lien & ref 7s 1946 A M&N 1st lien & ref 6s 1947 B—.M&N Northern Okla Gas 1st 5s '46-J&J Northern Penna Power Co— 1st & ref 5s 1956 ser A J&D 1st & ref 5s 1962 A&O Northern States Power Co— 1st & ref M 34s 1967—-F&A Northern Texas Elec Co— 564 45 824 844 48--M&N / 1st & ref M 44s 1970 ser E .T&D Nor Indiana Telep 4 4s '55.M&N —— 1014 J&D Deb 54s 1954 1st 1194 56 45 105 54s ctfs of deposit 1961...T&J N'eastern Wat & El 6s 54 F&A North lnd Gas & El 6s '52.-M&N Northern lnd Pub Serv— 1st & ref 5s 1966 ser O M&N 1st & ref 5s 1969 ser D M&S 95 119 New Brunswick (NJ) Lt H & Pow 4s Dec 15 1939 J&D 100 Northeastern Public Service— 754 * G E LH&P Newark Cons Gas con 5s '48-J&D Newark Gas 6s Apr 1 1944—Q-J New England Power— 3 4* series A 1961 New England Tel & Tel— 104 1044 35 North Shore Gas Co of Illinois— Joint 1st mtge 4s ser A '42. J&J Y Newcastle (City of) W 5s '41 J&D New England G & B Association Deb g 5s 1947 M&S Conv deb 5s 1948 J&D Conv deb 5s 1950 M&N Convertible deb 5s 1962 J&J New Engl Tow Assn 5s 1948. A&O Refunding 5s 1961 78 1st M & lien 54s 1957—M&N North Shore Electric Co— 1084 1064 1004 Los Angeles Pacific Co— 1st ref g 4s 1950 opt *15.-J&J 1004 1034 994 (Hoboken, N J) 5s 1938-A&O op 1054 103 1024 354 5s '40 106 A&O A. A&O lstsf 5s 1952 M&S Pacific Coast Power 5s 1940-M&S Pacific Elec Ry g 5s 1942 J&J 61 92 1st & ref g 105 ser Ozark Power & Water Co— 65 North Penn Gas Co— 31 84 Otter Tail Power Co (Minn)— 1st mtge 4s 1961 J&J 8* 1st coll & ref 54s '48 ser A. J&J North Hudson Lt H & P Co— 69 81 1004 Ottawa Valley Power Co— 1st M s f 54s 1970 106 1074 Gas 5 4s 1955 A&O North Continent Utilities Corp— 76" 48 *994 984 Ottawa El Ry 44s '48-'55_J&J Ottawa L H & Power— 844 1054 North Central 444 Certificates of deposit / 444 Nat Toll Bridge 6s stmp '39. J&J / 29 Nebraska Tow 1st 44s 1981-J&D 108 New North Carolina Gas 6s 834 Corp— 1978 1st M 5s 1957 ser A J&D Oslo Gas & El Works (Norway)— Extl sink fund 5s 1963 M&S Ref & coll tr 5s 1957 54s 1956 J&J North Boston Ltg Properties 3 4s secured notes 1947 A&O 5 A* Debenture gold 5s 106 84 8 f deb 94 Nat Elec Pow Co deb 5s 1978 J&J ' Nat Gas & El Corp 5s 1953.F&A 90 5s series B 1947 J&D Nat Lt Heat & Pow 7s 1938.M&S 100 82 Nat Lt & Pow 68 1949 M&N Nat Pow & L deb 6s 2026 A. F&A 744 Deb 5s 2030 ser B M&N 684 Public Service 1054 1054 1064 1054 Orange & Pas Val R—See PS Corp Oregon Elec Ry 5s '33 opt—M&N f Oregon-Washington Water Serv— . 103 Bid Bonds 106 1st mtge 64s 1953 J&J Norf & Ports Bdge 64s '47..F&A North American Co.— Deb 5s 1961 F&A North American Edison Co— Conv deb 6s 1957 ser A.-M&S Deb 54s 1963 ser B—F&A15 Deb 5s Nov 15 '69 ser C M&N15 Nor Amer Gas & El 6s 1949..J&J North Amer Light & Power Co— Mut Fuel Gas-See Peoples GL&C Mutual Un Tel—See West Un Tel Nat 107 Nippon Elec Pow Ltd (Japan)— 21 61 Narrangansett Elec Co— 1st mtge 3 4s 1966 J&J Nashville Gas & Heating Co— 5s 1937 (not guar) 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 5a 1945—F&A Ask 104 See N Y Gas Elec Lt & Pow Niagara Falls Power— 1st & ref 34s 1966 M&S Niagara Lockport & Ont Power— 1st & ref 5s 1955 ser A A&O _ Muncie Wat Works 5s Bid 1054 1044 Bonds Ask "f" and Income and defaulted bonds the month preceding the date of issue t Called April 1 at 1074. t Called March 15^at 103. v b Basis. / This price includes accrued interest. March, 1938] Quotations for all securities Bid Bonds Hhlla Suburban 30 1960-J&J (Italy)— 1st &ref h f 6Ks 1960 ser A A&O Pinellas Wat Co 5%s 1959-M&8 Pitts Canonsburg & Wash 5s 1937 Pittsburgh Ttys—See Phila Co Pittsburgh Suburban Water 8erv 107 % "7 1st 6s 1954 Phila & Western Ry 5s liid Bonds Ask 106 K J&J J&J 1954 M&S 1st 1 & ref 5s 1958— / Pittsburgh Trac 1st 5s 1927-A&O Plainfield Gas & El 5s 1940--A&O Plain field St Ky 6s 1942 J&J Plalnfleld-Un Wat 5s A '61-M&M Platte Valley Telep Pomerania Tllec 6s 6s 1947-J&J 1953—M&N Gen M 4Kb May 1st s f 4s Oct 1945 94% . 19% Henry L 11 & P 1st 5s '40-F&A 13 23 101 Portland Elec Pow 6s 1950-M&S Portland (Ore) Gas & Coke— 1st & ref k 5s '40 opt '20--J&J 1st I'n & gen 4 Ks 1940 J&J 103 Pt Portland Gas Co 1st 6s 1951-F&A Portland (Me) Gas L 5s A'50 A&O Portland General Elec Co— 1st & ref 4Kb I960 M&S ft* 104 53 K 56" 83 1950-M&N 105 K 53 % 103 69 94 Edison Co— 1st mtge 5s 1956 ser E 1st M 4Kb 1961 series F 101 14K Potomac M&N 84 K 10d% 107 110 A&O 107K 108% J&J 104% 105% Corp or Canada Ltd— Oonv deb 4%s 1059 Ser B-M&S Conv deb 5s ser A 1957J&D 101 103 K 102 Potomac El Pow— 1st mtge 3 Kb 1966 Power Power Secur coll tr 6s '49 J&D l»rovtdence Gas 4s ser B 1963 F&A Provincial L H & P 5s '40.M&S Prussian Elec 6s 1954--F&A Public Gas &Coke 5s 1952—J&D Public Service Co. of Colorado— 1st & ref 6s 1953 series A-M&S 1st & ref 5%s '54 ser B—M&S 1st & ref 6s ser O 1961—M&N Deb 6s 1946 M&N Pub Ser of Indiana 6s 1952-F&A 100 107 105 105 Nov. 3 108 20% 22" 29 30 K 103 K 102 K 104 K 100 Public Service (\>rp of N J— Trust certs 6% perpet—M&N Camden Sub 5s 1st 1940.J&J Consolidated Traction— Extended 5s 1938 —J&D 86 104 K 104 K 100 K 106 K 106K 132 K 135K ioih 1st M 5%s 1948 conv 6s 1938 M&S M&S / A&O 1st coll 4-5Kb 1948Puerto Rico El Pow 4s to *56.J&J Puget Sound Navlg 6s 1938.M&N Puget Sound Power & Light— 1st & ref 5Ks 1949 -J&D 1st & ref 5s 1950 ser O M&N 1st & ref 4Kb 1950 ser D-J&D Puget Sound Tel 5s A 1952.J&J Quebec Power— 1st & coll 4s1962 M&S X&N - 113 104 105% 103% 104 K 103 K 105K 103K 103 K 103 K 105 100 K 101 60 Savannah Elec & Power Co— 1st & ref 4s 1947 ser D Jan -QLM &S 1st & ref M 5s ser F 1955 Savannah Elec Co 5s g '52-J&J A&O 131 104 K 101K 112 ■■v/;' 8 100 K 109" 75 Seneea Power Corp 6s 1946.M&S Shawinlgan Water & Power Co 75 55' 14 16K 74 56 K 60 % 85" 99 K 100 101 66 87 82 58 K 32 32 30K 104K 74 70 67 101 94 K — 75 79 Serial deb 5s 1942-46 Sioux City (la) Serv 6sl951.J&J Somerset Lighting 5s 1939--F&A 4s Dec 1, 1943 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 Hen & 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 6Ks 1938 A—M&S Southeastern Gas & Water Co— 1st lien 6s 1944 J&D 1st Hen 6s x-w 1941 J&D S'eastern Indiana Pow 6s '43 M&N S'eastern P & L deb 6s 2025-M&S Southern Bell Telep & Teleg— Debenture 3%s 1940 M&S Debenture 3%s 1945 M&S Ref mtge 3 Ks May 1 1960-J&J Ref mtge 3 Ks ser B 1960. J&J - 118% 108 H 109K 105" 99 K 40 22 44 22 Southern California Gas Co— 1st & ref 4Ks 1961 M&S 1st M & ref 48 Aug 1 '65. F&A Southern Calif Water— 1st M 4 Ks 1960 Southern Canada Power— 102 4Ks 1962 33 65 118 ll9~" 105% 105% 53% 54% 11* F&A J&D 52% J&J '.'88 — _ 55 55 54 55 55 52 47 48% 48% ser B 47 47 21% 21 A&O 101% 105 K M&S ——M&S '43-M&S Syracuse Gas g 5s 1946 J&J Syracuse Lighting 5s g 1951-J&D Syrac Rap Tr 1st g 5s 1940-M&S 2nd mortgage 5s 1930 J&J Taiwan El Pow s f 5%s 1971 J&J Tampa (Fla) Gas 5%s '56—A&O 1st 4 Ks 1968 1st M 4Ks 1970 105% 97 Sutter Butte Canal 6Ks 5s 116 121K 14 3 55 K 83 78 A&O 1961 Telephone Service (Ohio)— 5s 1953 -M&N 20 97 99 96 98 106 68 K 69% 70K Corp. 72% 105 103 100 39 65 63 90 92 85 K 85% 103 K 104 109 K 103 K 106 K 110 1st 2-6s 1951 Texas Hydro Elec Corp— 1st mtge 6s ser A 1956 107" 106 106 108 K A&O 90 77 82 65 75 79 71 73 106% 109% 76 76 K 79 59% 60% 102K 104 K 103 101 lOl" 103" 88 / / 6 / 2% 2% / 87% 26 M&S A&O Texas Pow Corp 6s 1950—M&S General 6%s 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 (w-s) 1961 Texas Traction Co 5s 1937--J&J / 106 K 107 K 108 K 99 — 103 36 Temescal Water 1st 5s A '60 M&N Tennessee Eastern Elec Co— 1st M 5s 1943 F&A Ref s f 6s series A 1955 M&N Tennessee Electric Power— 1st & ref 6s 1947 ser A—J&D 1st & ref 5s 1956 —J&D Tenn Pow gu 5s 1962 opt--M&N Tennessee PubUc Service— 1st & ref 5s 1970— —A&O Ternl Hydro Elec 6%s 1953-F&A Terre Haute Traction & Light— 1st con M g 5s 1944 M&N Terre Haute W W Corp— 1st M 6s 1949 ser A J&D 1st M 5s 1956 ser B F&A Terre H'te & West Ry 5s '37 M&N Texarkana Wat 1st 5s '58—F&A Texas Cities 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 1960 .-J&J Texas Gas Util 6s 1945. A&O 60 70 _ 102 K A&O 58K 68 J&D Deb 5s 1958 - 102 K f 3 Ks debentures 1962 A&O Southern OaUfornia Edison— 1st & ref mtge 4s 1960 M&S 97 K 92 104 51 1st 21 105 _ g 32 106 Telephone Bond & Share Co— ! Silesia Elec Corp s f 6%s'46 Sioux City Gas & Elec Co— Mtge 102% - Somerset Un & Middlessex Ltg— 99" 90 105% Super-Power Co. of 111— 104% 104% 105% IIS 97 50% 59" 104% 104% Stewart Mt Pr—See Salt Riv Vail Suburban Lt & Pow 6s 1938- F&A 30 102% 96 49 F&A J&D Ry 1st 5s 1951 106 104 H 104 % / 71 100% 104 52 A&O 1935 1st Hen 6s 1948 j 101 I 100 J&J Standard Telephone Co— 1 st 1 colltr 5%s '43 ser A.M&N Oonv deb 6s 1938 M&N Stettin Pub Util 7s 1946 a&O Steubenvllle Wellsburg & Weirton 100 104 K 1st & ref 5s 1960 ser A 1st 5Ks ser B 1957 68 g notes 1st Hen 6s series A 1948 ' 54 K 5s 1949— / Second Ave Trac—SeePilila"Co— 98 98% F&A Standard Public Service Corp— 74 104 69 M&S A ser Standard Power & L Corp— Deb g 6s 1957 Slerra Pacific Power Co— 64 K f 6s 1945 conv notes 1935 Certificates of deposit 100 Shinyetsu Elec Pow (Japan)- 98 s Certificates of deposit Debenture 6s 1951 Debenture 6s 1966. 85 99 M&S 1944 5s 103 63 59 K 6% "9" 7 50 A&O W* 97 Standard Gas & Elec of Delware 70 -M&N / 99% Southwestern States Telep Co— 1st M 6s 1948 M&S Spokane Falls & Nor 6s 1939. J&J Spokane Gas & Fuel 5s 1944-F&A Spg Br'k Wat 1st ref 5s '65.-A&O Spring Val Util ref 6s 1943..J&D Springfield City Water— 1st mtge 4s ser A 1950 A&O Springfield (Mo) Gas & Elec Co— 1st mtge 5s 1957 ser A J&D Springfield (Mass) St Ry— Ref & gen 6s 1940 M&S Springfield Terminal Ry 7s 1942 Stamford Water 1st 5s 1952.-J&J Stand Elec (Calif) 1 st 5s '39.M&S 2 72 K 72 K Seattle-Everett Traction— 1st M g 5s 1939 opt 1914.-M&S 1 st 103% 69V 61" 72 A&O / J&D f B1959 102% 89 Southwestern Public Service Co— 21X 20 K K 98 K A 5s'59.A&0 A&O 3sApr 1 1959 108% Deb g 6s 2022 series A 65 Valley Gas Co— mtge 5s 1950 A&O Gen 3%s series H 1967—M&S Rochester & Lake Ontario Water 5sl938 M&S ser 88% • 103 K 99 K Schenectady Ry 1st 5s Mar 1, '46 / Scioto Val Ry & Pr 1st 6s *43-J&D / 13 108% 1st M 5 50 50 49 7 Southwestern Power & Light— 103 K 108 105 r 100 Rochester Central Power Corp— Deb g 5s 1953 M&S Rochester Gas & Elec Corp— Gen mtge 4Kb 1977ser D.M&S 5s series E 1962.-. M&S Gen 3 Kb series G 1966 M&S 110K 110K J&J f 76 49" Southwestern Gas & Elec Co— 1st 4s series 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 104K 106 A&O Savannah & AtlantaRy— 1st cons 6sMay 1 1935 74 Southwestern Assoc Telep Co— 1st M 5s 1961 A&O 100 K 33 59 80 Southwestern Bell Telep— 1st & ref M 3%s ser B '64. J&D 98K 59 90 Roch Ry cons 5s g 1930 2d 58 g 1933 ctfs of dep Sauda Falls Co Ltd— 1st r f 58 1 955 ser A 43 J&J Roanoke G-L 5%s 1951 —-F&A Roanoke Ry & El 5s 1953—F&A Roanoke W W 5s 1950 —J&J 104 103 K 101K 101K 38 86 Southwest Telep 6s B 1947-M&S 1st 6s series u 1947 J&D Conv deb ser A 1932 J&D 129 1st mtge 3%s ser A 1961— J&D Tel 3 Ks ser C'66 J&J Seattle Gas 1st 5s 1954 Seattle Lighting Co— Rio Grande 1st San Joaquin Lt & Power Corp— Unif & ref 6s 1952 ser B-M&S Income 112% Queensboro Gas & El 5s '52-J&J 117 Conv g deb 5Ks '52 ser A.A&O 111" Quincy El Lt & Pow 5s A'47 M&S Rapid Transit St Ry 8s 1941. A&O 104 98 Republic Nat Gas 1st 6s 1954J&J Republic Service Corp— 1st coll trust 58 1951 J&D 57 Rhine-Ruhr Wat Serv Union— Extldeb 6s 1953 J&J / 24 Rhine-Westphalla El Pr (Germ'y) 29 Mtge g 7s 1950M&N Direct mtge 6s 1952.30 M&N Con mtge 6s 1953 F&A W* Cons 6s 1955 A&O 30 7s extended 1941 F&A 26 Richmond (Ind) W W Cor 1st M 5s 1957 Richmond (S I) Lt & RR 1st coll tr g 4s 1952 San Francisco Bay Toll Bridge—_ 1st M sink fund 6%s '67-M&N / Deb s f 7s 1942— M&N / 4s series - , 52 Power Co— 111K Hr H o oOJCOr-l Scranton Trans - 98% 124" 65 Southwest Gas Co (Okla)— 1st s f 6s 1954 M&N 9'west Pub Serv 6%s 1937—M&P 98 111 Gen gold 5s 1944 —M&S 110 Salmon RivPowguSs 1952 F&A Salt River Val Water Users Assn 6s 1939-1943 F&A 103 Refunding 6s 1956 M&N 1103 K Stewart Mt Pow 5Ks '57.A&0 102 K San Angelo Telep 1st os 1958 F&A 102 San Antonio G & E 5s 1949-M&S 103 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— 1st mtge 4sMay 1 1965.-M&N 110 San Diego Co Wat 6s A '62.M&S 104K San Diego Water Supply Co— 1st m s f 5s 1955 M&N 102 K ..M&S Scranton-Spg Brook Water Serv— 1st & ref 6s 1967 ser A ..F&A 98 Secured 96 K 28 1st M 5Ks May 1, I960—M&S Southside Va Pow 5s 1956-F&A 1st 4Ks 1958 78 _ 30 30 82 _ Scranton Gas & Water Co— 66 118 28 St Louis Springf & Peoria RR— 1st & rer gu g 5s '39 opt--J&D 1st & ref 5s series B1961-F&A T*ublic Service Co of Nor 111— 1st & ref g os 1950 op '21—A&O 1st & ref 5s 1966 series C-M&N 1st & ref 4 Kb 1978 ser D.M&N 1st & ref 4Kb 1980 ser E-J&J 1st & ref 4Kb 1981 ser F.A&O l«t 1 & ref M 4% ser T '60-J&J Public Service Co or Oklahorsa— 1st mtge 4s ser A I960 F&A Serial debs4s Feb 1 1946__F&A P Servof Penn 1st 5KsA'53_J&D Public Utilities Consol Corp " Southern Utah Sayre (Pa) Elec 5s 1947. .... 95 So Jersey Gas El & Trac— Guar g 5s \1arch1.1953.M&S 101 99 K Ry debenture 4Ks 1943—J&D 102 Paterson Ry— 2d 6s *14 oxt 5% to '44.A&0 64 104 K 101 97 K J&D ^ 77 62 !1>* 68 1st Hen 6s 1937 with warr.A&O Certificates of deposit Non-cum 6s (ws) 1951 104K 100 K Sandwich Windsor & Amherstb'g 102 99 K 95K 74 49 s 79 Soutnern United Gas Co— a Santa Barb 88 —— f 6s 1942—.A&O 10-year coll ■: San Jose Water Works Orange & Passaic Valley— 1st 5s 1938 101K 112 106% .''V; 122 105" 105 Eliz Plainf & Cent Jersey Ry— 1st g 5s Dec 1, 1950---J&J Eliz & Raritan Riv 5s '54-M&N Elizabeth & Trent 5s '62-A&O J O Hob & Pat 4s 1919...M&N 100 102 K 104 K 103 K 101K 100 Southern Natural Gas Corp— A Adj mtge inc Jan 1 6s '60-A&O 1st M pipeline s f 4K« '51 A&O Southern Neb Pow 5 Ks B'47 J&J South N E Telep 1st 5s 1948-J&D Joseph Water 4s A 1966--A&O 104 K 103 K Public Service Co of N H— 1st mtge 3%s ser O 1960—F&A 1st mtge 3%s ser D '60—M&N 1st 3 Hs series E 1961——F&A 1st 3%s series F1966 J&D 110 101K 105K Southern Gas Utilities, Inc— 1st M s f 6Ks 1939 ser A-M&S St Louis Co Gas 1st 5s 1951-A&O 96 Rys Ltd 5s 1962M&N Porto Rico Telep 6s 1944 J&D Postal Teleg & Cable 5s '53-J&J Porto Rican Power 6s 100" 109 K 98 K 34% 96 Southern Trac—See Phila Co Southern Union Gas— 1 st & ref 5 Ks series 1 1945 A&O 1st & refine 5Ks ser 11*45 A&O 103 98K 33% 94 (Calif)— -M&N 1st M 4Kb 1968 St Paul Gas Light— Portland (Me) RR 3%s 1951-J&J 1st 1 & con m 58 1945 M&N Porto Rican A&O Safe Harbor Water Pow Corp— 1st mtge s f 4Kb 1979 J&D Saguenay Elec 5Ks A 1953-J&J Saguenay Power 4 Kb A 1966 A&O 1st 4Kb series B 1966-—A&O Serial notes 2K-4s to'46-_ J&D St Clair County (III) Gas & El— 1st cons guar 5s 1959 M&S St Joseph Ry, Lt Heat & Power— 1st & ref 58 1946 J&J 1st mtge 4Ks 1947 ;—J&D 3-4 Ks serial notes 1939-43 - J&J St 57 55 97 K J&J 1st M 5s exten to 1950 16" 1948-— M&N 1st Hen & coll 5s 1958 A&O Southern Colorado Power Co— 1st g 6s 1947 series A. J&J Southern Counties Gas 40" 27 Rumford Falls Pow— 62 35 101 75 105 90 106 99 104" 105 9 Ask Southern Cities Utilities Co— 102 M&N 1st M 5s 1938 52 K Piedmont Hydro-El Co Bid Bonds Axk Rochester & Syracuse RR—„ 5 1st M conv 5s ctfs 1957-M&N f 102 Rockford Elec Co 1st 5s '39J ~ " Rockland Light & Pow— 38 57 K 77 BONDS interest" except where marked "f" and income and defaulted bonds possible for the closing day of the month preceding the date of issue are as near as Water Co— 1st * f 4s 1065 M&S Phila & West Chester Traction— 1st 4s UTILITY PUBLIC NOTICE—All bond prices are "and "3% 3% 89 26 27 27 K 69 72 83 K 72" 92 98 7!H 96 K 98 K 73 K 106 K 93% K ! a Called July 1 at 102. t Called March 21 at 103. b Basis. /This price includes accrued Interest, k Last sale, n Nominal, r Canadian price. PUBLIC UTILITY BONDS 78 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 Third Avenue By (New York)— 1st ref g 4s 1960 opt aft 14 J&J , AdJ inc g 6s Jan I960 opt.-A&O f Third Ave RR 1st 6sgr37—J&J / 29% 7% 7234 85 40 41 1st ref 5s 1939 op 1st & gen 5s 1960 64 107 48"" 100 52 55 45 10 101 .... 2 If n 10434 105 % 94 mmmm 72% 100 lst mtge & coll tr 3%s 1962 Ja 3% notes. 1942 J<S Union Elev RR—See N W Elev Union Gas & El 1st ext 5s '40M&S Union Gas Co. of Canada— 1st serial 3 %s 1937-38 J&D 1st serial 4s 1939-42 J&D 1st serial 4 Kb 1943-45-—-J&D 1st 4Kb 1950 J&D Union Gas System— 1st M & coll s f 5s 1948— -J&D Union Passenger Railway— 1st 4s Mar 31 1961 A&O 2d ext 4s Mar 31 1960 A&O Union Pub Serv (Del) 6s '39-J&D 107 % 102% 85 97 97 97 100 60 10734 102% 89 10034 62 45" 94 96 Union Water Wks Co— 1st lien 5Kb 1942 M&S 15 / 15 Unit Elec Co of N J 4s *49—J&D 114% United Elec Rys (Providence)— Gen ref M 5s Jan 1951 ser A— 94% 90 Gen ref M 4s Jan 1951 ser B— United Elec Serv (Italy)— Extl 1st s f 7s 1956 ser A-.J&D 5634 United Gas & Fuel (Hamilton)— 102 1st s f 5Kb 1948J&J United Ilium Co New Haven— 1st 4s Feb 1 1940 F&A 10534 United Light & Power Co—__ 6234 J&J Un Lt Rys(Del) deb 5)48.52 United Public Service Co— If F&A 62 106 70 100 6334 72% — 75% 72 73 / 28 34 / 16 / / Coll s f 5%s ser B 67 67 85 1952—M* United Telep Del 6s A 1948 Ai United Tel & Tel 5%s A '53-M* 1st lien 6s ser B 1953——M<! United Traction (Albany)— Con g 434s Unit Trac (U (Pgh)—See Phlla Co 25 24 96 r. ..... - - >/ 2 26% 26 6734 67% 98" 101 .— 21% 8234 8334 Utah Power & Light Co— 68 84 78 Utica Belt Line Street Ry— 1st 5s 1939 M&. Utica El L & P 1st 5s 1950—JA Utica G & El ref & ext 5s '57 J& Utica & Mohawk Valley Ry— 1st 4Kb 1941 M& Utilities Power & Light Corp— - / 8 116 121 70 It* 11 124" ; 2% 3% J 50% / — 50% 50% 50% . / / / 6% 25 2134 109% 90 a 1st • M No par value, 83% 109 % a 75 Westchester Serv Corp 6s '48 A&O 4s 1948-1953 -A&O Western Cont Util 6s 1944—M&S Western Lt & Telep 5s 1954. A&O Western Mass Cos— coup notes J&D 1946 Western N Y Utilities 5s '46-J&D Western N Y Water Co— 1st M 5%s 1950M&N common. 6% preferred Amer Wat Wks & Elec $6 1st preferred com. 52 13 9834 100% 69% 12% 13634 * 4* ..25 * 9% * ii 93 Arizona Edison com * Arizona Power $6 preferred— Arkansas Natural Gas Corp....* if 3% 3% Class A non-voting Preferred * .....10 Arkansas Missouri Power— 6 3% 33% 1 — 6% preferred 50 Arkansas Nat Gas common-....* Class A —.....* Arkansas Pow & Lt $7 pref.....* 6% preferred ..* Associated Gas & Elec com ....1 Common class A 1 Original preferred .....* §4 preferred....... $5 preferred * •;s 4% ......* ..,...* - 56 preferred ■ 6% 6% - 96' 57 1st preferred W 23 37 38 100 $4 preferred * 88 91 92 95 Bait Transit Co Preferred 74 v t c 75 .100 * 109g * .... 1% 18% ...100 v t c 68 70 72 76 Bangor Hydro Elec com .25 7% pi ere. red .100 6% preferred-100 Baton Rouge Elec Oo $6 pf * 65 Beauharnois Power com Bell Telephone (Canada) 104 % 105% '52--J&D 100 102 Westmoreland Wat 5s s J&J f f 6s 1953 125 106 98 * 434 160 Wheeling (W Va) Electric Co— 1st M 5s 1941 opt M&N Whit6 Plains Ltg 1st 5s '38—J&J Wichita Water 6s 1949 M&S 1st M 5s 1956 ser B——F&A 1st M 5s 1960 ser O —M&N Wilmington Ky Bridge— 1st 5s 1943 A&O innipeg Elec 1st 4Kb 1960-J&J Gen 4-5s series A 1965 J&J WGen inc 4-5s ser B 1965 J&J 6s 1954 Wise Fuel & Lt 1st 5s 1948".Im&N Wisconsin Gas & Electric— 1st mtge 334s 1966 A&O Wisconsin Minn Light & Power 1st & ref 5s 1944 opt *19--M&N Gen & ref 7s 1947 J&J 1st & ref 8s 1944 M&N Wisconsin Power & Light— 1st mtge 4s ser A 1966 J&D 4s serial deb June 1 1938-1946Wisconsin Public Service Corp— 1st mtge 4s 1961 J&D Wolverine Pow adj 4 34s Mar 1 '59 Worcester St Ry 5s A 1947. J&D Worcester Transit Association— Cum income 6s 1952— —J&D Cum income 6s (ws) 1952-J&D 110 stamped 1937 J&D PUBLIC UTILITY STKS. Alabama Power 87 pref * $6 preferred * $5 preferred * Alabama Water Service pref * Allegheny Traction—See Phila Co Allentown Beth Gas pref 50 If If 109% Preferred— Amer & Foreign Pow com $7 preferred$7 second pref series A §0 cum pref-; Warrants 6 Basis. / Flat price. 11 32% 31% 25 .... * Brooklyn Edison "434 —100 Bklyn Manhat Transit 10134 102% 90 103% 104 60 60 45 46 If 120 10% * 86 preferred series A Bklyn & Queens Transit com * 86 preferred Brooklyn Union Gas _.* Buffalo Niagara & East Power— 81.60 prior preferred 25 85 1st pref ♦ 30 1% 734 1534 22 9734 Cable & Wireless Ltd— Amer 102 % 84 10334 85% 10334 104 10534 104% 106% 106% dep rec 7%% A ord—£1 Amer dep rec B ord —£1 Amer dep rets 5%% pre'*.—£1 Calif-Oregon Power Co— 6% preferred series of 1927 100 6% preferred 100 Calif Water Serv 6% pref 100 Canada Nor Pow com Canadian Marconi * 1 Capital Transit (Wash, DO) 100 Carolina Pow & Light 87 pref —* 110 9334 92 104* 82* 94 45 9934 50 60 20 100 60 70 24 10034 102 116 70 67 86 preferred- 69 * Cent Arkan Pub Serv Corp pf 100 Central Elec and Tel com 1 6% preferred 105% —50 Cent Hud G & El com.. * 4%% preferred 100 Cent Illinois Light 4 % % pref-100 Cent 111 Pub Serv 86 pref* Cent Indiana Gas 634% pref-100 Cent Indiana Power 7% pref 100 Central Maine Pow 86 pref—.100 $7 preferred —100 Central N Y Power Oorp— 5% preferred 100 Cent Ohio Lt & Pow 6% pf * Central Pow & Light 7% pref 100 6% preferred 5634 if 50 43 75 Central States Electric 4% 5234 5234 93% r 60 18 20 134 834 75 68 86 80c 90c 64% 23 25 12% 10734 10134 50 76 91 3% 9 1634 1% » 4 24 23 Nominal, s Ex-dlvldend. 103 51 80 17 15% 6934 71% 83 84 86 58 78 69% 1% 71 32 95 35 98 pf--* pf.* 5 Chester Water Serv 6% % pref— * Chic City & Con com part ctfe__* Pref partic ctfs * Chic Dist Elec Generat 86 pref.* 9% 1934 1% 12% 10834 80 1% Corp— Central States Pow & L $7 119 1% 8% 77% * ..* Cent Vermont Pub Serv 6% Central West Oo. v t c. 88 95 82 See Investment Trusts— 56 60 55 77 50c Central States Edison 70 16c .* Cent & S W Util com Preferred Prior lien preferred 55% 116 A Last sale. 121% 4934 * 20 * — 104 100 * * * * 100 100 com Class B Light- - Ry Brockton Gas Light Co v t c—25 ♦ Amer Dis Tel of N J com Edison Co Brazilian Tr Lt & Pow ord_.—-* 101% See Investment trusts 96"" Boston 104 York Rys 1st M* 5s '37 opt. J&D 5s 112% Bridgeport Gas Light Bridgeport Hydraulic Co Brit Col Pow Corp A 10734 100% Hydro-Elec Co— 1947 A&O Wisconsin Michigan Power Co— 1st mtge 334s 1961 J&J 43 53 48 20 100 See Investment Trusts Boston Elevated 25 . Wisconsin 117% - 22% It 6% Class A Atlanta Gas Light 6% pref. Atlantic City Elec $6 pref 99 '7 ..—...* $6% preferred I * |7 preferred. * Option warrants I Assoc Telep Co Ltd 81.25 pf—* Assoc Telep & Teleg $6 pref * 22 21] H 134 1134 Appalachian El Pow 7% pref * 6% preferred ......* 59 8 Called June 1 at 105. 5% IV* 27 - 1213 1013 56 32 56 55 52 40 23 com — M&N f 6s 1952 s American Cities Power & 93 Light ...... 60 Yadkin 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'61 J&D 100 54 63 50 38 5s 70 _ 88% 83% Wabash Telephone— 1st M 4Kb A 1956——, Warren Ohio Telep 6s 1942J Washington Gas & El Co— Bridge 3%-6%s. 1960—...J&J West Va WaterJService— 1st mtge 4s 1961 —A&O Westchester Elec—See 3d Ave Ry Westchester Lt 1st g 5s '50—J&D Gen mtge 334s gtd 1967...J&J Wyoming Vail P S 6s 1971-A&0 Utilities Public Service Co— Vermont LtgCorp 1st 5s'44 Vesten Elec Ry 7s 1947 Virginia Electric & Power— 1st & ref M 4s ser A 1955.1 Virginia Public Service Co— 86% 1st M 5s Unterelbe Power & Light Co- >/ & Common 86 Williamsport Water Co 1st M 5s Aug 1952ser A..-F&A _ • 103% 68 1st M 74% United Securities Co— Coll s f 5Hs ser A 1952—Mi 109 Westphalia United El Pr (Germ) 63 tmrnrnm. United Railways or Havana— Eq 7 Kb Feb 151936 F<! United Rys of St Louis— Gen g 4s July 1 1934 J City & Sub Pub Serv 5s '34-J 11834 109% 10834 102 62 15-year United Pub Util Corp— Convcolltr 5Kb B I960---J United Rys Cos 4% ctfs '49-J< 12% ..25 25 * 16 preferred* 15 preferred-* Amer Public Serv pref ...100 American Service $3 preferred- -* Amer States Utility com 1 Preferred25 Amer Superpower Corp com * First 86 preferred* Preferred $6 series * American Telep & Teleg 100 Amer Powei 100 62% 63% Bell Telep of Pa 6% % pref —100 25 6134 62% Beverly Gas & Elec * Mut Un 6s ext at 5%to'4lM&N k 106 Sept 25 Birmingham Elec $7 pref 86 preferred. Western United Gas & Elec Co— Birmingham Gas 86 pref 106 * 104% 1st 534» 1955 ser A .—J&D 104 Birmingham Wat Wks 6% pf.100 1st 5s series B 1957 M&S Blackstone Val Gas & El pref-100 Western Utilities Corp— Blue Ridge Corp— 58 60 6% notes 1937 M&N f 6ha 1933- 9834 Fdg & R E M 4Kb g '50—M&N 25-year g 5s 1951 J&D 30-year 5s Mar 1 i960--..M&S |lll 104 Lt&Rys(Me)6s A'62 A&O Deb 6s 1973 40 97 60 1st & ref 534s 1960 F&A Western States Util 6s A '45-A&O Western Union Telegraph— •r 1% 3% .-.* - — 35 Western Public Service Co— _ 97 91 89 26% 110 * —* Amer Utilities Service 9834 91 55 1st M 5s 1951 -—M&N 1st 5s series B 1950 -J&J Deb s f 6s extd 1950 M&N Western Pow (Can) 6s 1949--J&J 103 __ 66 IS 1st ext 334s 1956———-A&O 2d extended 1956 M&N West Texas Utilities Co— 1st M 5s 1957 ser A ...A&O West Virginia Ohio River — 100% 934 934 75 334 % __ United 102 97 _ 45 38 Deb g 6% s 1974 M&N 1st 1 & consol 5%s 1959—A&O Deb g 6s 1975 M&N 10134 105 Canadian Hydro-Elec— 1st 6s ser A w w 1950--—-J&J Conv deb 6%s 1945 J&J West Coast Telep 5s A 1953-J&J West End St Ry—See Boston E) West End Trac—See Phlla Co West Ohio Gas 6s A 1954—J&D West Penn Elec deb 5s 2030-A&0 West Penn Power— 1st M 5s 1963 series E—M&S 1st M 4s 1961 series H J&J 1st M 3%s ser 11966—-J&J West Penn Tr 1st 5s 1960—J&D West Phila Pass Ry— $6 preferred—. Amer Gas & Power com 1st $6 preferred Warrants American Light & Traction. 6% preferred _ 90 lst M s f 7s 1945 M&S15 Union Elec Co of Missourl- Union Ry—See Third Ave Ry Union Traction—See Phlla R T Union Water Service Co— First lien 5%s '51 ser A-M&N 61" 105% West 100% Tyrol Hydro-Klec Pow Co— 1st MTs f 7%s 1955 M&N Guar s f 7s 1952— 1952 F&A r UJlgawa Elec Power (Japan)- 59 105 Wayne United Gas 634s '44. J&D 100 Twin States Gas & Electric—v 1st 1 & ref 5%s 1945 Ser A.M&S J&J J&J 1st Ms fg 5s 1940 J&J Certificates of deposit — Watert'n L&P—See No N Y Util. Waukesha Gas & Electric Co— 1st 6s 1959— J&J 118% 1952—J&J 55" 53 107 Bid Amer Gas & Elec com.--.—.-* 105 10734 70 6234 106% Troy Gas Co 1st 5s 1939--M&N 2d Cs 1939 —-----F&A 23 Street Ry—See N Y Rys Twin City Rapid Transit Co— 1st lien & ref 5%s A 1952J&D J&J City & Sub 5s g 1948 F&A Washington Water Power Co— 45 86 67 Tri-Oounty Telep 4%s B *56 A&O Troy Olty Ry 1st cons 5s '42 A&O / 115% Bonds Ask 115 104 rash Ry & El g 4s 1951—J&D Anacost & Pot 5s 1949—A&O 1st guar 5s 1949A&O 45"" 8434 1st 4s new 1942————— Traction Term'l Oorp 5s '57. .J&J Trenton G & El g os 1949—M&S Trent'n Pass Ry 1st ext 6s'61 A&O Trenton St Ry ext 5s 1968--J&J General 6s 1941 —J&D Bid Refunding 5s 1958 30% 734 50 1st 5s g 1942..F&A Westchester El 1st 6s g 43-J&J Yonkors Ry 1st 5s 1946--A&O Tide Water Power 1st 5s '79.F&A Toho Electric Power (Japan)— 1st b f 7s 1955 ser A—M&S15 Tokyo Elec Light Oo (Japan)— 1st g 6s 1953 series-—J«D15 Toledo Edison 5s 1962 M&N Union Ry 1st lien & ref 5%s B Bonds Ask 3% 97% 2 96 % 99 1% 2 MARCH, 1938] PUBLIC Quotation! for all securities Stocks Par Chicago Rys partlc ctfs Series 2 Series 3 Bid, are as near as Essex —100 .......100 ...100 Cincinnati Gas & Elec 5% pf 100 Cincinnati Gas Transp ...100 80 Cine New & Cov Lt & Trac__100 94 Preferred Cincinnati Street Ry 74 100 .,.50 Suburb Bell Telep.—60 Cincin & Cities Service com.... Preferred 7% preferred Cleve Elec Ilium 35 33 6154 6554 62 82 15* 3 67)4 IX 1)4 * 100 Preferred Gatlneau Power 100 —.100 Gen Gas & Elec (Del) com A..* 5% prior preferred * $6 cum conv pref ser A * $6 con v pref ser B * $7 preferred * $8 preferred * 55 105)4 96 J 24L IX Gen Public Service Corp 35' —* Community Pow & Lt com—-* 19 First preferred 6% ..100 Community Pub Serv com 25 Community Water Serv com 1 7% preferred * Concord Elec Co 6% pref....100 Common.... ._...* 23 6)4% preferred Connecticut Power Connecticut Ry& Lighting 4 H% preferred 24 24)4 22 )4 5* 30 110 47 Conn Gas & Coke Sec pref.....* Common * 323 * 100 ..—25 53 X 9% 4)4 63 1145* 21)4 91)4 $5 preferred * Consolidated Gas Utilities com Cons Trac of N J—See P S Corp Gas $4.50 preferred ._...* Continental Gas & Electric— 7% prior preferred 100 Oontinen Pass Ry—See Phila R T Orescent Public Service r 22)4 18334 935* 83 23)4 184 95)4 85)4 57)4 28 30 45 34 34 1 100 25 31 50 48 100 182 100 108 99 10934 101 78 .50 6% pf-100 80 334 1534 4)4 16 103*1 .....1 107)4 10134 103 10 14 12)4 1434 85 §5* 215* 100 1554 68* 85"" 50c" 100 * * ■ * 2f* * 23 * 4 , 100 48 Iowa Southern Util 44 7% pref..100 6% preferred Italian Superpower 100 A—* 61 Jamaica Pub Service Ltd. *r 33)4 Preferred 100 r 130 Jamaica Water Supp 7)4 % pf_.50 53)4 Jersey Cent Pow & Lt 7% pf_100 81 _ * Without par value, k Last sale. 39 )4 475* common 6% preferred 5)4% preferred n.Nominal, r Canadian price. 3X 9 ox 29 5 25 5)4 8)4 ,11 20 43 45" s* 99 49)4 101 82 83 90 39 41 34 36 X 100 71)4 100 * 13)4 4* 6% preferred 100 6% prior preferred 100 6% non-cum 2d preferred.. 100 Mass Power & Light Associat'n 10 1)4 * * * .... 16* * 1 1 1)4 partic preferred 50 Memphis Natural Gas Memphis Power & Light $7 pf. 23 X conv $6 preferred Metropolitan Edison Co— $5 cum preferred $6 preferred series O $6 prior preferred 7% prior preferredMexican Northern Ry com Av* 48 41 * * 55 70 * 99 * 102 100 14* Preferred ......100 Middle West Corp com 5 Warrants Middle West Utilities $6 convpreferred series A Midland United 55* 1)4 6c * ...* * com Convertible pref A Midland Util 7% prior lien.. 100 6% prior lien 100 7% preferred class A .100 6% preferred class A—...100 Milw Elec Ry & Light— 6% pref series 1921 100 Minnesota Pow & Lt 7% pref lOO $6 cum preferred 100 2)4 IX *5* 93 76 67 Mississippi Power $6 pref * $7 preferred —.* Miss Power & Light 6% pref * Mississippi Riv Pow 6% pref.100 39 47 53 X 105 85c 84 co m * 2X 2334 5 48)4 58 r r r 65 Ex-dividend. 90 X 305* 60)* 86 *8 ill* 7% preferred 100 Mountain States Tel & Tel--100 Montana Power 6% pref * Municipal Service 6% pref 100 Nassau & Suffolk 7% pref 1()0 National City Lines com 1 $3 conv preferred 50 National Gas & Elec com..— 10 90)4 1)4 18 9 30X 3X National Power & Light com...* $6 preferred * Nebraska Power 7% 1st pref 100 7 51 110 106 6% preferred..— 100 Nevada-Calif Electric com..—100 Preferred ..200 5)4 52 Newark Consolidated Gas.. New Brunswick Light— % Feb k * 6% preferred 100 Empire Power Corp partic stk—* $6 preferred —._.* Empire Telephone com * Preferred. —.25 Engineers Pub Serv com ...1 $5 convertible preferred * $5)4 pref (with warrants)....* $6 preferred * 100 58 i* Iff 7ff 45 7% 634% preferred 210 73"" 4)* $6 preferred _* Investors Telephone com * Iowa Electric 6)4s pref 100 Iowa El Lt & Pow 6% pref—100 7% preferred 100 1 wa Pow & Lt 7 % pref 100 Io wa Pub Serv $6 pref * 6)4% preferred * $/ preferred * 60 50 88 87 fc J* ......... Warrants series of 1940 Interstate Natural Gas Interstate Power pref $7 46 86 50 $1.75 preferred $3.50 prior preferred Optional warrants 20 Mountain States Power com—» 25 International Ry v t c International Telep & Teleg Foreign share ctfs International Utilities A Class B 1 75* Maiden Electric Co 25 Maiden & Melrose Gas Lt 25 Manhattan Railway 7% guar 100 Modified 5% guar 100 Marcon Int Marine Monongahela L & P—See PhilaCo Monongahela St Ry—See PhilaCo Monon-West Penn P S 7% pref 25 Montana Dakota Utilities com. 10 5% preferred 100 6% preferred 100 Montana Power 6% pref * Montreal L H & Pow Cons.—..* Montreal Telegraph 40 Montreal Tramways com .100 Mountain Fuel Supply 10 51 Internat Ocean Teleg (guar).. 100 International Power Co * r 1st preferred 100 r Internat Power Securities com..* Units * 102 75 25 Missouri Pub Service 110 Warrants.. 97 100 25 49)4 6% preferred ....100 634 % preferred .100 Indianapolis Ry Co v t c 100 Interboro Rapid Transit.....100 * H 44 100 88)4 ,43 1554 112)4 100 23 100 Internat Hydro-El Syst A Conv pref $3.50 series Railway Co 87)4 * 84 105 Mississippi Valley Utilities—* Missouri Pow & Lt $6 pref * 7% preferred 100 Indianapolis Power & Light— 100 _* Preferred 104)* Indiana General Service— 100 100 100 100 ...100 Empire & Bay State Teleg—. 100 Empire District Elec 6% pf—100 Empire Gas & Fuel Co pf 8%. 100 L 6% preferred 100 Indiana Hydro Elec 7% pref.100 Indiana Service Co 6% pref..100 ....* - 9)4 8)4 See Investment Trusts Elec Power & Light Corp... * $7 preferred .....* $6 preferred 2d pref series A * _ 1)4 32)4 235 225 100 * com Illuminating Shares class A Michigan Elec— 7% preferred $7 preferred series A ......* $6 preferred series B * Eastern Util Assoc com.... * Eliz & Trenton RR com Preferred Eliz Consolidated Gas ,34 Indiana & East Shore Pub Serv 6 >4% Pf 100 6% preferred 100 Eastern States Corp com —._* Preferred Warrants 15c" 43 $6 preferred 50 Hlinois Water Serv 6% pref—1O0 Illuminating & Power Securities— 100 El Paso Electric Co (Del) — Preferred series A 7% 100 El Paso Nat Gas com ......3 2 25 $7 junior preferred East Middlesex Street Ry.—100 Eastern Gas & Fuel Assoc's com * , "8c" 25 Illinois Power & Light— t c—1 ...... 8 25 com Arrears certificates Duquesne Nat Gas common.—.* $4 preferred .* $5 preferred * Duquesne Light—See Phila Co- Class A full paid 34 Hartford Gas Illinois North Utilities Detroit & Canada Tunnel ... 32)4 7)4 Hartford Electric Light 5% Preferred Detroit Edison .100 Duke Power.. 100 Duluth Superior Transit com ..* Conv stock 26 2)4 59)4 Preferred Havana Elec Ry com 6% preferred 33)4 100 100 7% preferred Lynn Gas & Elec Co Mackay Companies 4% pref 5% f * 6% preferred 7% preferred Warrants Mass Utilities Associates vtc 85 25 Illinois Iowa Power common .._* 100 Electric Bond & Share $6 preferred $5 preferred Elec Power Association t c Preferred ... 6% preferred 414% prior preferred Eastern Mass St Ry com.. 6% 1st pref stamped 6% pref B stock 5% adjustment stock v Hudson County Gas * v 64)4 Huntington Water 7 % pref! Idaho Power 7% pref 10C 6% 1st preferred * 111 Commercial Telep $6 pref * Dayton Pow & Lt 4)4% pref.100 Denver Tramway com East. Coast Public Service 63 92 76 r 39 100 Louisiana Power & Light $6 pf_* Louisv Gas & Elec com cl A * $2 Preferred 24 * 100 110)* 100 Common with warrants Common without warrants 21 Holyoke Water Power Houston Natural Gas Power & Lt 6% pref—.....100 5 H% preferred— 100 Dallas Power & Light 7 % pref 100 Derby Gas & Elec $7 pref 67 Hestonville M & F—See PhilaRT Cumberland Co (Maine) Preferred 734 30)* 67 25 * _* Amer dep rets for ord shs £1 Market St Ry(San Francisco). 100 88 52 83 97 5 73 8 Commun'y— 66 Haverhill Elec Co 100 1 6% preferred 13 50 PhilaRT 7% pref class A com... Cuban Telephone pref— Cumberland Gas com 8 11* 12)* Harrisburg Rys common...—.50 (Reading)....25 Consumers Gas (Toronto) 100 Consumers Power $5 pref...—.* 2 78 72 Hamilton Bridge Preferred Hamilton Gas common Cons Trac (Pittsb)—See Phila Co Consumers 29)4 44 Gas $1.25 pref * Greenwich Wat & Gas 6% pf-100 Gulf States Util $6 pref * $5.50 pref * Hackensack Water 25 62 Preferred 100 Lowell Electric Light J Luzerne Co Gas & El $6 pref.100 Feb X 85 5)4 275* 65 25 13 22 36 100 com Louisville 45 12 )4 54 23 41 9 35 100 50 40 104 * 45" 30 32 Greenwich 44 Cons Edison Co of N Y com....* A" 25 Gold & Stock Telep (guar) 100 Green & Coates—See Phila R T Green Mt Pow Corp $6 pref—* 4 100 100 Long Island Lighting 7 % preferred A 6% preferred B m 83 1 32 30 45 . 100 Light— Lone Star Gas Corp 6 34 % preferred 3 26)4 154 noX 92 108 6% preferred 100 7% preferred 100 Kentucky Utilitias 6% pref—100 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 Kansas Power & Light & Pow Securities Co Preferred — n 5% preferred * Gen Telephone Corp com 20 $3 conv preferred * Warrants Gen Telep Allied Corp $6 pref. * Gen Wat Gas & Elec com A 1 $3 preferred * Georgia Power $6 preferred * $5 preferred * Germantown Pass—See Gloucester Elec Lt Co 113 100 100 Consol Elec & Gas $6 pref......* Cons Gas E L & P (Bait) 5% preferred series A 100 r 118)4 * 100 Lawrence Gas & Elec Lt 25 Lexington Util 6)4 % pref 25 Lexington Wat Serv 7% pref.... % 9)* * common 38 T 2 * *k 56 preferred General Pub Util 100 103 26 254 121 Gen Italian Edison Elec Corp— Amer shs for ordinary stock.. M .... 93 23% 38)4 100 * ... 5% preferred Optional warrants $6 preferred Commonwealth Water & Light— 6% preferred * Connecticut Light & Power com IX 22% 34 2)4 125 Gas & Elec of Bergen County. 100 Gas Utilities Co * 100 preferred R * common 79)4 90 36 98 100 Gary Elec & Gas M 154 2154 2254 23 36)4 (guar)—100 Gandy Bridge common * Gardner Elec Light common. 100 Columbus Delaware & Marion— 7% preferred Columbus & Southern Ohio Elec 6% preferred A ..100 6 34 % preferred B ..100 Commonwealth Edison Co 25 Commonwealth Gas 1 Commonwealth & Sou Corp com * 7% Phila * ... 7% pref.. 100 X Franklin Telegraph Coast Co Gas & El 1st pref..100 Colum G & El Corp (Del) com..* 6% preferred series A 100 5% preferred 5% conv preferred S'thwark—see Bid Par 6% preferred Co $6 preferred * $6)4 preferred * $7 preferred * Fitchburg Gas & Elec Light.-50 Florida Power Corp 7 % pref. .100 Florida Power & Lt $7 pref * Foreign Light & Power units—* & R 135* A—* Stocks Kansas City Power & Light— 1st pref $6 series B Kansas City Pub Serv Kansas Elec Pow 6% pref Kansas Gas & Elec 10 75 15 * com "6)4 Phila 51 Federal Power & Light com—60 Fed St & Pleasant Val—See Phila Frankf'd * $4.50 preferred.. Cleveland Railway 5 ..—25 Preferred ($6) Federal Water Service ......-100 common 10 Federal Light & Tr com 30 Preferred B Preferred BB Cities Serv Pr & Lt $6 pref * $7 preferred 100 Citizens' Pass Ry—See Phila R T Citizens Traction—See Phila Co Citizens Utilities com ..3 Citizens Water Co of Wash (Pa)— 62 100 Fall River Gas Works 454 79 Ask 60 182 Fairm't Pk & Hadd Pass Ry—See Fall River Elec Light 25 rlH si* * .....100 10 ...100 ... Bid 50 European Elec class A Option warrants - STOCKS Par Company Essex & Hudson Gas . Series 4 Stocks Ask 1—100 ser UTILITY possible for tbe closing day of the month preceding the date of issue 100 122 Heat & Power New Eng Gas & Elec Assn— 100 121 $5)4 preferred stamped * New Eng Pow Assn com * 6% preferred 100 $2 preferred * New England Pow Co $6 pref.100 New England Pub Ser com——* $7 prior preferred * $7 preferred * $6 preferred ...» $6 prior pref * New England Tel & Tel 100, New England Water Light & 22 Power Assn 6% pre* 100 New Haven Water 50 N J & Hud Riv Ry & Fer pref 100 New Jersey Pow & Lt $6 pref—* New Jersey Water pref New Mexico Gas 6% preferred 83 73 66 com 100 5 50 11 54 16 125 32 12 10)4 27 90 90 u 74 t115 98 95 434 34 PUBLIC 80 Quotations for all securities are Par Stocks Bid N Y Mutual Telegraph—....25 N Y Oity Omnibus common....* 99 ■ 100 30 95 18 * Ian. % 1% IV* 66)4 38)4 .25 Northern N Y Util 7% pref—100 Northern Ohio Telep 6% pref-100 58 41 93 93 100 97 7% preferred Nor States Power (Del) cl A mm mm mm m, .100 11 60 89)4 % 57 90 10)4 14 22 28 48 51 52 54 Northwestern Telegraph......60 NY PA NJ Utilities $3 pref. -* 29)4 30 Ohio Public Service 5% 5 H % 1st preferred —* —* 100 100 --100 54 50 111 49 112)4 83 * 22 6% preferred 83 85 92 Omaha & Council Bluffs Railway k Bridge 4% cum pref 100 Omnibus Corp vtc 8% conv preferred A Ottawa Light Heat & Pow—100 -.100 25 25 Pacific Gas & Electric 1st 11X 100 55 r Pacific & Atlantic Tel (gu) 1st 8 50 Preferred 12 Pacific Pow & Lt 3 554 17 112 ... 136)4 Paterson & Passaic Gas & El.. 121 10 — 22 X 10854 24 39 Penn-Ohio Edison— Warrants. .... 254 54 .... Warrants B 13 9 58 Partic class A 4 23 98)4 $5 71 mm mm mm 91 Peoples Water & Gas pref—-10( Philadelphia Co com $5 preferred 6% cum preferred ..' ..." 7 5)4 59 57 X 34)4 3554 62)4 5( 68 12 Citizens ) ) ) > Monongahela Lt & Pow £ ) Monongahela St Ry t ) Phila & Darby—See Phila R T 19 1 m>mmm 22 9 115)4 7X * without par value — — United — 17 31 33 1554 39)4 654 61)4 51)4 6X 100 52 Common 9 32 6% X 54 32 60 94)4 95)4 82 81 110 8)4 mm v 9)4 1 80c 105 107 mm 6X% preferred series O——25 6% preferred series B 25 Original preferred ....25 Southern Cfalif Gas Co— 6% preferred series A 25 Southern Canada Power * Southern Col Pow com A 25 $6 preferred mm 107 109 Non-voting 109)4 115 103 X 70 111 106)4 16 X 18)4 IX 9)4 75 7 22 98)4 1054 100 8i$ l8* 5c iox 18)4 21X 20X 23 X 33 36)4 37X 87 * 87 1 1 2 l 1 fcl* 1 13 100 Feb.17 15 108 70 109 72 100 61 * 22 63 24 * 99)4 100 16" 98 88)4 9554 88)4 7% 6% ; * preferred cum preferred-. West Penn Power 7 % pref 6% preferred 100 100 cum 100 100 West Phila Pass—See Phila R T West Texas Utilities $6 pref.. * West Va Ohio River Bridge— Common ....._..* 110 100 94 98 90 120 114)4 72 2 74 5 ___* 12 15 88 93 85c 21 95c 25 .* 27)4 28* ... — - - - - 35c 10c 4 Preferred.. ; Western Massachusetts Cos Western N Y Water pref. Western Union Telegraph-. Western United Gas & Elec— 6 % preferred 13 22 X 17 22 X 24% Westmoreland Water pref— 27 25 X 28 3524 36 2954 30 X Class B 12 12 X Preferred * 100 26 X 100 95)4 100 * 154 254 58 86 24" 1254 5)4 1254 Wheeling Elec 6% pref .....IOO Water pref.... * Winnipeg Elec class A • * 6 96 w 12M 27 97 X loo" 111 ~2X 2X 100 11 15 Wisconsin Pow & Lt 6% pref.lOO 62 63 7% preferred 62 84 6)4% preferred 22 95 Willi am s port 100 * 100 April 15 at 100. * 25 140 6 143 254 254 11 12 X k Last sale. 100 66 67 Wisconsin Pub Ser Corp 7% pflOO * common t Correction: Called for redemption 'S 600 Preferred 4.80% cum preferred 100 Southern Nat Gas class A com..* B 70 Wast Va' Water Serv 6%"pref—I* Western Lt & Tel com _1 102)4 25c 3X l°oH 100 100 100 55 108 "2 X 24 38 * common... Preferred Southern Indiana G & E— Glass 68)4 IX X X 9X West Penn Elec Co class A 2 95 96)4 10 X 97)4 84 X 10X 102 65 Washington Wat Pow 6% pref—* 21)4 70)4 4X 93 X 64)4 100 7% cum pref.. Virginia Elec & Power— $6 preferred--Virginia Pub Serv 7% pref 6% preferred Washington (D C) Gas Wash (D C) Gas Light com Wash Gas & Elec 7% pref Wash (D C) Ry <fc B1 com. 4 3 29 99 * $7 preferred.. Utica Gas & Elec 7% pref $6 preferred Utilities Power & Lt cl A—. mm 254 25 % 10)4 101)4 2)4 — Class B X 8X IX 4 93 2)4 23 54 Ii 10 Utah Power & Light— _ mm mm mm mm 67)4 + * 13X IX 42 * com B 107 3X 3 28)4 Xs $2.75 preferred. "III"* $3 preferred—. ♦ Script United Tel & Elec 6% pref^—IOO 7% preferred 100 115)4 50c 100 100 X 8)4 pref I "* United Light & Ry 6% pref—.100 6.36% preferred —100 7% preferred 100 United Public Service Corp.._ 1 '■ mm 4% 40 108 cum 1st United Pub Util com A Class B common 95)4 83 X 105) 13) .. 94 X 94 37 I ♦ Haven""* A 107 4 ...I.I* United Lt & Pr 7 30 102 92 82 104 . 454 4)4 108 7c 100)4 ....__* $5 preferred United III Co of New 56 89 2X United Gas & Elec (Conn) com.* 7 % preferred 100 United Gas Corp com 1 $7 pref series A H« Warrants United Gas Improvement.. * , 37 X Corp $3 cum preferred Warrants 1 113 12 99 53 * 91 89 - 10 97)4 87 X * 80 11154 2* " Preferred 50 Union Pass—See Phila RT""" Union Traction—See Phila R T - 16 — Ex-dlvldend. - 98 82)4 100 ... 8* 3% 3 ioo 100 Union Gas (Canada) Union Gas System com .—. _ 78)4 $4 preferred 60 South Bay Conpol Water pref.lOO South Carolina Power 6% pref-* 49)4 45 ..100 —100 7% preferred 6% preferred.. . 72 Ridge Ave Pass—See Phila R T Rio Grande Valley Gas v t c 1 Riverside Traction. 50 Preferred-60 98 100 - 7% preferred--.100 Union Electric Co of Missouri— 80 Southern New Eng Telep Southern Union Gas com.. Preferred x 135)4 119)4 105 X 182 <3)ass Preferred • 91 rwtn States Gas, £Ej 7% preflOO Twin City Rapid Transit-* 31 105 100 Southeastern Pow & Lt— Warrants Southern & Atlantic Teleg 87 100 Toledo-Edison pref A 7% 6% preferred 5% preferred 102 93 l6" 54 20 31)4 19)4 3054 133)4 117)4 South Calif Edison common—25 : 100 X 18 Southeastern Gas & Water A—* Common 53 55 50 97 Peoria Water Works 7% pref.lO( Phila City Pass—See Phila R T 106 91 - 6% preferred... 7% preferred 14 92 115 $3 .50 preferred * Texas Power & Lt 7% pref—100 6% preferred * Third Avenue Ry (NY) 100 13th & 16th Sts—See Phila R T Tidewater Power 6% pref* South Pittsburgh Water— 9 8)4 mm 84 100)4 33% 52 m. 1454 754 99)4 31X 154 IX 154 IX 30% Scrh mm mm 30 pref——* Amer Utilities com 22 X Dec. 1 . 80 -105 mm 66 31"" 107 72 South 1" * 95" 4 1354 654 mm mm 73 87 4)4 mmm mm B 26)4 Rochester Gas & Electric— mm 101 86 81 9 19)4 49 X 100 111 6% preferred series O 100 6% preferred series D——100 2954 5% preferred series E -100 28 Roch Telep $6)4 pref 10u 38 10 10354 Rockland Light & Power St Louis County Water pref--100 53 St Louis Pub Serv common * 7% preferied * 5)4 San Antonio Pub Serv 7% pf-100 8% preferred 100 1754 San Diego Cons Gas & Electric114 7% preferred. 100 139 San Joaquin Lt & Power— 7% prior preferred 100 20 6% prior preferred 100 24)4 Savannah El & Pow 6% prer.100 112 Scranton Electric $6 pref -.* 26 Scranton-Spring Brook 41 Water Service 6% pref Seattle Gas common * 4 1st $5 preferred 100 IX 2d $5 preferred * 14 Second Ave RR Cop (NY) ♦ 13 2d & 3d Sts Ry—See Phlta R T 60 Shawinigan Water & Power ♦ 6 Shenango Valley Water pref. .100 26 Sierra Pac Elec 6% pref 100 Sierra Pacific Pow common * Preferred 100 87 Sioux City Gas & El $7 pref-.100 82 45 preferred Pacific Telep & Teleg 6% preferred 'mm 16 52 6% preferred Pacific Public Service— Common non-voting...... 1st mm ifx * 113 26 X 29)4 27)4 3754 103 X ($6). — 100 26 X 25 preferred (6%) preferred (5)4%) 8254 '•' *» 25 97 105 representing com. Rhode Isld Pub Serv $2 pref.--* 10)4 95 X r Preferred v ~9X 8)4 Terre Haute Elec 6% pref 100 Texas Electric Ry ......100 Texas Elec Service $6 pref._...*' Texas Gas Util com 1 Texas Hydro Elec common....* 4 354 Amer shares * 100 * Oregon Wash Water pref 99)4 4X 23 X _.* 1 ^ 23 3 Rhine-Westphalia Elec Pow— 89 4 23 Tennessee El P 1st pref (7%).100 7.2% 1st preferred 100 1st preferred (6%) 100 5% cum 1st preferred 100 2)4 IX 3X Common * Public Serv of Okla 6% pref—100 92 Jfi «, ~9X 4 * 5% conv preferred. 8l" Tampa Elec Co 77 95 29 98 x - IX * 6)4% preferred 45 89 x -.100 15 -50 100 6% preferred Corp com $3 preferred6% conv preferred Okla Nat Gas 94 9354 9)4 28)4 Oklahoma Gas & Elec 7% preflOO 1% mm 24 254 _ —-* * Queens Borough G & E 6% pf 100 Radio Corp of Amer * $5 preferred B * $3.50 conv 1st pref —* Rapid Transit Ry—See P 8 Corp Republic Nat Gas com 1 32 34 154 30 18 41 Public Serv El & G $5 OX Preferred * Suburban Rapid Transit St Ry_50 Superior Wat u, & Pow 7% pflOO Swiss American Elec pref 100 Syracuse Ltg 6% pref100 120 Puget Sound Pr & Lt $6 pref $5 prior preferred Quebec Power common 101 80 92 Tacony-Palmyra Bridge— * 7% preferred 9354 99)4 IX 75 . Rapid Transit St Ry Co—100 So Jersey Gas & Elec Trac- -100 Public Serv Co of Nor 111 60 92 X 101 47 30 17 Class 30 20 20 15 2 -* Union Water. & 42 75 * $8 cum prior pref Standard Pow & Lt com Consolidated Trac of N J—100 - 91X -.100 100 -.100 ..1 —5 1 Ohio Valley Gas com Ohio Water Service A com 20 100 pref—* $6 preferred.. * Public Serv Co of N H $6 pref--* $5 preferred -; * Public Serv Corp of N J— * 8% preferred 100 7% preferred 100 6% preferred 100 $5 preferred * 58 X 81 Ohio Service Holding com 7 6% preferred 100 46 pref.lOO 6% preferred 7% preferred 10 6 Public Serv of Ind $7 prior 15 — 7% preferred Ohio Power 6% pref 7 88# 39 73 Springfield City Water 6% pf 100 Springfield Gas & Elec pref * Springfield Gas Lt Co ..25 Springf'd (Mass) St Ry Cos pf 100 Standard Gas & Elec com $7 cum prior pref $4 cum preferred-— 14 123 X . Public Elec Light pref— 100 Public Serv of Colo 7% pref—100 1154 69)4 57 Ohio Elec Power 6% pref 6 Providence Gas 66)4 $7 preferred 3 ' 7% preferred —-——100 6 % preferred— 100 (Minn) $5 series cum pref * Northern Texas Elec 6% pref. 100 Northwest Electric 7% pref—100 North West U til 7% pref 100 7% prior lien 100 N'wesiern i'uo Serv 6% pref. 100 7% ^referred. 100 Ohio Edison $6 pref 20 pref—-100 7% prior preferred 100 Portland Gas & Coke 7 % pref 100 Portland Gas Light-50 Postal Teleg & Cable 7 % pref 100 Potomac Eaison Co 6% pref--100 7% preferred 100 Potomac Elec Pow 6% pref.-.100 5)4% preferred 100 Power Corp of Canada com * 72 ... 15 R T Pittsburgh Suburban Water1— $5.50 preferred-—. 100 62 70 ''»erties Gas.. 5 Plainfiela 60 preferred 5Mi% preferred 3)4 Portland Elec Pow 6% -100 100 7% 30 IX 2 "1)4 pref 100 Nor Indiana Pub Ser 6% 20 38 53 13 43 0 35 50 10 41 * 10 45 15 14 Phila Traction—See Phila 35 Northeastern Wat & Elec com..* NT'>ri'iprn i 66 ■AH Nor Amer Utility Sec-. ...—-* Nor Host Ltg Prop com-..-—.-* Preferred -—■ 100 $4 preferred 854 7554 13 X IX 1954 52)4 93 X IX 75 50 90 Amer Edison $6 pref——* North Amer Light & Pow 1 North $6 preferred " 35 108 6 35 12 7% pref—100 Southwestern G & E 7% pref.lOO Southwestern Lt & Pr com A...* Preferred —._* S'western States Telep com * 40 PhllaCityPass Ry($22)4 pd)-50 Phila & Darby Pass Ry 50 Phil & Gray's Py ($25 pd)—50 Philadelphia Traction 50 Ridge Ave Pass ($28 pd)—60 2d « 3d Sts Ry guar 50 13th & 15th Sts Pass Ry 50 Union Pass ($30 5-6 pd)-—-50 Union Traction ($17)4 pd)_60 West Phila Pass guar 50 23 30 10 123 X 12 31 122 S western Bell Tel 2)4 4X 3)4 Citizens Passenger guar 50 Continen Pass Ry ($29 pd)_50 Fairm't Pk & Haddington. .60 Prandf'd & Southwark Pass.50 Germantown Passenger 50 Green & Coates Sts ($15 pd) 60 Hestonville M & P com 50 Preferred---50 120 -60 preferred 2554 10)4 92 X 100)4 20 Niagara Huds >n Power -10 1st pref $5 series—.—..—.100 2d pref 5% series.. ....100 fc Olass A option warrants — Class B option warrants...—— North American Co com * 6% 8%_pref 25 Philadelphia Rapid Transit—50 7% preferred-.60 17 32 Ask 121)4 Southwest Cons Gas Util com 1 Southwest Gas (Okla) 7% preflOO 116 31 1 )4 Bid Par So Jer G El & Tr—See P S Oorp Southwestern Bell Tel preT—100 32 31 115 * $5 preferred Phila Elec Power 12" 24% 9)4 91)4 Option warrants —...— N Y Pow & Lt Corp $6 pref-----* 7% preferred ..-..-100 N Y & Richmond Gas 6% preflOO N Y & Queens El L & Pow— Common. —* 5% preferred 100 New York Steam Co common—* $7 preferred series A * $6 preferred ....— -* N Y Water Serv 6% pref 100 8tocka Ask Bid Par Stocks Grays—See Phila R T Philadelphia Elec Co com 91X 9 day of the month preceding the date of Issue Phila & 4)4 54)4 ! 53 7% prelerred -—. —* Newport Elec 6% pref -100 New Rochelle Water 7% pref 100 STOCKS UTILITY possible for the closing Ask * New Orleans Pub. Serv com as near as 94 96 6)4% preferred 100 Wisconsin Telep 7% pref...--100 87 89 Wolverine Power Co Worcester Trans Assoc-.... York (Pa) Railways pref... York Water Co. n Nominal. 116)4 4X 4 50 ...... r Canadian price. 18 26 JH 23 30 t New stock- Industrial and Miscellaneous Securities Under the heading "Industrial and Miscellaneous Securities'1 we include all issues which do not appear headings, namely "Railroads" "Investing Companies" and "Public Utilities." In the ofjstocks, however, we put "Textile Manufacturing," "Insurance," "Mining," "Real Estate and Land," "Title Guarantee and Safe Deposit Companies" under separate heads, then follow with the rest of the under the previous three case "Industrial and Miscellaneous." NOTICE—All bond prices are Quotations for aM securities Bonds Bid INDUSTRIAL AND MISCELLANEOUS BONDS Abbotts Dairies deb 6s 1942.M&S ' 102 % Bonds Bid Bonds S* 53% Botany Cons Mills 6%s '34.A&O / Certificates of deposit 92% W> 101 British Am Oil deb 4s 1945--M&S British Columbia Pulp & Paper— 103 ... 88 110 75 94 88 Brown Shoe Oo3%s 1950—F&A Brack Silk M Ltd 6%s '45-M&N Alabama Co gen 6s 1938 98 21 56 Brown Co 1st 5%s 1946-—A&O / 1st 5%s 1950 ser B M&S f J&J Akron Times-Press 1st 6s '45 A&O Alabama By-Prod 6s 1955—J&J Income 6s 1955 s f 6s 1940 86 J&D 57" 54 107 92 95 45 47 81 Crown Cork & Seal Co Inc— 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 56 106 90 94 Bryant Paper 6s A 1942 M&N 77 Cuban Tobacco 99 80 90 40 50 105% Conv 84 Burmeister & Wain (Copenhagen) 36 41" 62 64 40 49 % 6s 1955 Alberta Pacific Grain 6s 1946 J&J 40 50 Burns Bros deb 5s A 1961--M&S Burns & Co Ltd 1st s f 5s 1958 J&J f Income 5s 1958 J&J f Bush Term 1st 4s 1952 A&O 75 83 86 Cons g 5s Jan 1955 J&J Bush Term Bldg 1st 5s '60--A&O Butterick Co 6% notes '39..A&O 85 % 84 % 87 % Byers Machine 3-6s 84% 80 104 % 104% Byrndum Corp 3-yr notes Jan 15 *39 Calif Cooperative Creamery— 1st s f 6s 1948 A&O Deb s f guar 1943 A&O * 6s assented w w 57 Algoma Steel 1st 5s 1962 A&O 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 '62.M&S Alpine Montan Steel Corp— 1st s f 7s 1955 Aluminium Ltd Amer s 22 M&S f deb 5s '48.J&J Aggregates Corp— 80 106% 94% 107 _alif Cotton Mills 1st 6s *40.J&J Calif Group Corp 5%s 1956 M&N California Packing Corp— __ —F&A 74 77 Amer Color type 6s 1942 F&A Amer Dept St's (Pa) 6s *48--J&D 96 98 Amer 45 New 3-6s 1943 Cons deb 5s 1940 44% Dept St's (Del) 6s '47.J&D Am Fruit Growers ert 7s '43.F&A 98 Amer Ice Co deb 5s 1953 92 J&D Conv deb 5%s 1949 -M&N Amer International Corp— Conv 5%s 1949 104% --J&J 95% 104% 92 % 94 J&D '51—M&S 60 63 96 99 Am Mach & Metals 4s 1943..J&J 66 69 Amer Nat Co (Ohio) 6s 1938.J&J Extended 6s stpd 1st M 6s 1949 65 J&J 1943 58 Amer Radiator deb 4%s '47.M&N Amer Seating 6s stpd 1946—_J&J 104% 87 Am Silica-Sand 6s 1951 M&S Am Tobacco deb 4s 1951—..F&A 105% 88 American Type Founders Inc— Conf s f deb 2%-5s 1950—J&J f 104 Amer Writ Paper 1st 6s 1947 Certificates of deposit J&J Conv 6s 1961 Ann Apr f Ames-Hold en Tire & Rubber— 16% 16% 23% Cons Nitrate— Sink fund income deb 1967 J&J f Antilla Sugar Estates- 106 ft* Income deb 6s 1951 (w-s)„J&J/ 18 29 % 29% 19% 20% 96 m m» '•» 10 91% 92% 62 55% Arundel Bond Corp 2-5s Dec 1 '53 92% 93% 63% 56% 55 Corp 3-6s Dec 1 *53 Citize-Tfmes 6s'45_M&S _ Associated Mtge Co 3-6s Dec 1 '63 Atl Gulf & W Indies SS Lines— J&J 5s Jan 1 1959 95 43% 54% 45" 55 Atlanta Laundries 6%s w w 1943. Atlantlc Ice & Coal 6s 1951-J&D Atlantic Ice Mfg 6s 1945 F&A 22 39 41 Atlantic Lumber 6%s 1932_A&O Atl Bug Rof 1st s f 4s 'SI—M&N 20 25 — — m 85 99 Atlas Imperial Diesel Engine— 1945-. M&S Atlas Pipeline Corp 6s 1945.M&N Gen conv 6s 1950 M&N / 6% conv notes 82 44 30" J&J Conv deb 4Ms 1939 21% 36 Ault-Wllliamson Shoe 6s 1942— Autocar Co 7s ext 1947 M&N 18 90 97" w'47J&D 88 78 90 Bagley-Clifford Corp 6s 1942.J&J 35 Baldwin Locomotive Works— 6s consol 1938 M&S 78% Avery (B F) & Sons 5s w Without warrants 1st g 58 1940 Mtge 6s 1950 Baragua Sugar Estates— M&S Cum Inc deb 6s 1947 J&J Barber & Ross 4s 1945 J&D Bates Valve Bag Corp— Deb 6s ex-warr 1942——F&A Bayway Terminal 6s 1954 J&J Beattie Sugar 7%s 1943 ctfs. J&D Bedford Pulp & Paper 6%s 1942. 48 96% 3 12 47 50" 75 115 75 10 11 13 10 94 Purch money 6s 1998—Q-Feb Cons M s f 4 Ms ser D *60. J&J _ 105 % 98 107' 90 70 94 Q-F 94 Q-M Q-J 94 87 Q-F 6s series AB 1948 87 Q-M 6s series AC 1952 Q-J 87 Colo Fuel & Iron s f 5s 1943.F&A 100% Income 5s 1970-. An Apr / 60 Colo Indus 1st 5s A & B 1934 F&A / 60 Commercial Credit— See Investment trusts Comm'l Disc t (L A) 6s *39—A&O 92 94 65 115 117 135 142 102% 103 67 12 98% f 99 67% 5%s ex-stock 1961 J&J / Consol Steel Corp 6s ser A '44 J&D Consol Textile 1st 8s 1941.-J&D / July 1 I960.-A&O / A&O 48 93 Deh 5s 1943 with This price includes accrued Interest. 96 96 96 89 89 89 100% 64 99% n 103 74 103% 102 95 59% 35" 102 40% 51 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 s Coal 66 45" 100% Corp— f 4s 1956 J&D 48% 81 1945 50 A&O 68 Empire Sheet & Tin Plate— 6s 1943 1st 4s 1952. J&J 4% notes 1942 J&J Erie Elec Motors 5s 1941—..A&O Ernesto Breda 7s 1954 F&A European Mtge & Invest— 1st lien 7%s 1966 ser B...F&A 7%s income 1966 1st lien 7s 1967 ser O 7s income 1967 M&S 102% 101% 10 60 35 ' 29 36 29 1st & coll 3tf 1938-1939—J&D 1st & coll 3%s 1940-1942. J&D J&D Farmers Mfg Co 3 %s 1953. .M&S Farmers Nat Mtge Inst 7s '63A&0 Federal Coal 7s 1944 J&D 1969 J&D Federal Screw Wks conv 6 %s '39. Federal Sugar Ref 6s ctf '33 M&N f 5s Fiat s f deb 7s 1946 J&J Filtrol Co of Calif 5s 1946— J&D Finland Residential Mtge Bank s f 6s stamped 1961 M&S Firestone Cotton Mills 5s '48M&S Firestone Tire & Rub of Calif— Sf 5s 1942 M&S First Bohemian Glass Workfr— 98 98% 97% 8 19 88 3 22 94% 89 104 104% 104% 93 Conv g 6% % notes 1946.A&O Follansbee Bros 5s 1947 J&D 38 s f 6s 1949—J&D Framerican Ind & Dev Corp— Deb 7%s 1942 J&J Francisco Sugar 6s 1956—-M&N 69 100% 43 96" 103" 89 47 Nominal. 105 Dufferin Paving & Stone— Deb 5s series A 1955 Jan Deb 5s series B 1955 Jan Durham Duplex Razor 6s 1955— Eastern Car Co Ltd 6s 1952.J&J Eastern Cuba Sug 7%s '37.M&S Eastern Dairies 6s 1949... M&N Forest Lawn 1st 27% 77 99 99% 1st secured 7s 1957 J&J Flour Mills of America Inc— 17 _ 100% 99% 93" 46% — k Last sale. Dom Coal 1st; 4 %s ser A *52. A&O Serial 3%s 1938-43A&O Dominion Steel & Coal 6%s 1955 Dominion Tar & Chemical Co— Deb 4%s ser A 1951 M&N Dominion Textile 4%s '55—M&S Donnacona Pap 4-4 %s '56—F&A 10-yr 5%% notes 1947—J&J Dow Chem Co deb 3s 1951—J&D Driver Harris Co 6s 1942...J&D Dryden Paper 6s 1949 F&A 106 75 16 warr__J&D Oont'l Invest Bond Corp 2-5s '53 Oont'l Invest Deb Corp 3-6s '53 70 30% A&OIS/ Dickey (W S) Clay Mfg Co— Cum inc 5s (w-s) Nov 1 1949-. / 103% Cum inc 5s (ex-stk) Nov 1 1949 / 65% Dold (Jac) Pack 1st 6s '42 M&N 96% 75 45% Consumers Co 1st 6s 1946 J&J / 33 Container Corp 1st 6s '46.J&D15 102 92 100 99 100% 42% 23 78% Fairbanks Morse & Co— 20-year 4s s f deb 1956—J&D Famous Players Canadian— 88 Extended 6%s 1941 A&O Consol Oil s f deb 3%s 1951.J&D Consol Paper Corp 5%s 1961-.-. 96 90 45 23 M&S / M&S / „ 57 45 90 80 Everlastik Inc 1st 7s 1937.M&N 88 Cum Inc 6s 1950 F&A / Cum inc 6% notes 1950—F&A / Consolidated Laundries— 99 99% 42% 86% 102% 70 55 94% 93 35 Emporium Capwell Corp— 104% Commercial Invost Trust Corp— See Investment trusts Sink fund 5s 5s 1950 Deutsche Bank (Berlin)— 6% notes stamped 1935 6s extended 1938 Deutsche Rentenbank— Farm Ln sf 6s Oct 15*60 1st & coll 4%s 1951 7s series A & B 1960 7s series C 1959.7s series D 1956 6s series AA 1953 Consolidation Coal Co- 26% Certificates of deposit Deep Rock Oil 7s 1937 M&S Detroit Times deb 6s to '43.M&S Ooll 19 105% 49% 105 - Clearfield Bit Coal 4s 1940--J&J Cleve-Cliffs Iron 4%s 1950.M&N Cleve Tractor conv 5s 1945.M&N Collateral Bankers Inc— 40 92 5s 1940 A&O Danish Prod L'n Fund 5s *40 J&J Dalryland Inc 1st s f 5s 1946.M&S Davidson-Boutell 5s 1946-—J&D Davidson Biscuit 5%s A *45 A&O Davidson Chem 6%s 1937..A&O f De Bardeleben Coal Corp— 1st mtge 6s 1953 —.J&D 55 City Ice (Kansas) 6s 1940—A&O City Savings Bank of Budapest 7s 1953 F&A / J&D M&S Empire Oil & Refg 5 %s 1942 A&O 88 65% 68* 1944 120" Empire Properties Corp 2-3s 94 Childs Co deb 5s 1943 A&O Chilean Nitrate inc 5s 1968..J&D Cities Service Asphalt 5s '52.A&O Consol Biscuit 1st 6%s B '46 M&S 1st 5%s ser O 1946 J&D Consol Cement Corp— 101 5 60 Deb g 5%s 1948 ser A..M&S Connor Lumb & Land 6s '41 M&N 100 93 89 96" 79 99 120% 97% 6% 86 J&J Commerz-und Privat-Bk Germ'y) 5%% notes'37(Am pt ctf)M&N f Commonwealth Subsidiary Corp- 80 Beneficial Loan Soc 6s B 1939 Q-J 6s profit share deb 1956. Q-J Berkey & Gay Furn 6s stpd 1941. Bessemer Limestone & Cement— 6s 1955 J&J Bethlehem Fdy & Ma 5s'44 A&O Bethlehem Steel Co— 1st lien &ref 5s 1942_.___M&N 99 104 85 77% Beech Creek C & C 5s 1944—J&D l> Basis. -..M&S 101% M&N 77% 98 60" Oespedes Sugar 7 %s 1939 M&S / Champion Pap Corp 6s *45.-F&A Champion Paper & Fibre Co— f deb 1950 Chateaugay Ore & Iron Guar gold 4s 1942 105" 71% M&S M&S s 104% 9% 99 - 24 Auburn Automobile— , 8% 70" 100% 96% Chesap'ke-Camp Corp4 %s'47J&J 75 Arundel Deb Coll tr g 104 Chicago Stk Yards 5s 1961.A&O 20-yr 4s Ber B 1955.F&A 1st mtge 4s series C 1957..J&J Arnold Print Wks 6%s 1941 .A&O A&O 1st 5s Feb 1 1952 Ashville 1st mtge 6s 1941 100 98 Oelotex Corp— Debenture 4%s w w 1947-F&A Central Foundry Co— 4%s Armour & Co of Delaware— 1st M 60 Central Ry Term & Cold Storage 6%s 1952 A&O / 5 Central Steel 1st 8s 1941-.M&N 116% Certain-teed Prod 5 %s 1948 M&S 66% 96 105 95 98% 100 Canadian Nat Steamships— 25-yr guar 5s 1955 M&S 119% Canadian Vickers 6s Aug 1 1947 97 Caribbean Sugar 7s stpd '41-F&A / 5 Carlisle Lumber 6s 1945.. 90 24% Anglo-Chilean Anthony (E C)— 1st s f 6s (San Fran) 1942.J&D 1st s f 6s (Los Ang) 1942--J&D Arcade Mall Iron 7s 1943..M&N 55 96 J&J Gen mtge 5s 1941 Income 7s Jan 1 1943 M&S / 94 Anaconda Copper Mining Co— Sink fund deb 4%s 1950-.A&O 104% 65 f 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&S f 118 Am Wire Fabrics 1st 7s '42..M&S 50 Carriers & General Corp— 9 inl* 106 A&O Debenture 6s 1944 48% 84 Canada Bread 6s 1941 F&A 103" Can Cementlst4%sserA'51 M&N 103% Canada SS L 6s '41 ser A—.A&O f 59 1st & gen 5s 1957— J&J 76% Canadian Bakeries 6%s '45.M&S Canadian Canners Ltd 4s'5lM&N Canadian Internat Paper— Amer La France & Foamite— 5%% notes 1956 Am Lime & Stone 5%s J&J Canada Biscuit 6%s 1946--M&N 101 63 39 99% Camaguey Sugar 7s ctfs 1942 f Campbell River Timb 6s *41-J&J Amer I G Chem Corp— 61 36" 55" / / 5s f deb 4s 1950 104% 102% Cumberland Ry & Coal— ( J&J / 116 f extl 6s 1940 A&O 1948—A&O s 106 104% 101% 50% 94% Cudahy Packing 3%s A '55.M&S Alabama Mills 6s (w-s) 1953.J&D Without stock -.J&D lit series B 1948 J&J Budd (E G) Mfg 6s ext 1941-F&A 77 99 s 58 8 102 78 25 15-yr 31 . Crowley Milner 5%s 1946—M&N M&N 1st M coll tr 6s 1948 89 101 Sinking fund deb 5s 1946.F&A Credit Service deb 6s w w '48 Q-F Ala Cons Coal & Iron 5s '38.M&N Albany Perf Wrapping Corp— Ask Creameries of America— 97 M&N Gen Brown Coal Indus 6 %s '53.-A&O / 86 52" 40 32 —M&N 1st 6s 1950 s f 78 1950 103 % 1st M conv Oont'l Steel deb s r 4%s 1946. J&J 100% Coplay Cement Mfg 6s '41—A&O 90 Copley Press 5%s 1943 101 F&A Cosden Oil Corp 1st 6s 1938.M&N / 60 Gen lien 6s 1938 —.M&N / 28 Cosden Petroleum conv 5s *47 J&J 56 Cosgrove Meehan Coal 6%s 1945. / 7% Crane Co 3%s s f deb 1951. J&D 100% :6" 5% Brandram-Henderson 6s '39 M&S / / 100% 5-5 %s 1940-1945 A&O Advance Bag & Paper 6s '52. J&D 95" 88% 50 Bid Continental Roll & Steel Fdy- 103 99 % 93 >2 F&A 1944 Ask 94% 88% 104% 52 % Addressograph-Multigraph Corp 4-4 Hs 1938-1939 A&O Ex scrip __ Aeolian Co 6s Ask Boston Wharf 1st 4s 1941—A&O M&S J&D 414s stamped 1946 possible for the closing day of the month preceding the date of Issue 102 % Abitibi Power & Paper— 1st M 5s 1953 ser A J&D Certificates of deposit Acadia Sugar Ref 4%s 1955.A&0 Adams Exp coll tr g 4s 1948. Coll tr g 4s 1947 "and interest" except where marked "f" and income and defaulted bonds are as near as Franklin Coal Co 7s ws 1949.J&J Fraser Co 6s Jan 1 1950 J&J French Nat Mail SS Lines 6s '52 Frick-Reid Supply 6s 1943--J&D Fruehauf Trailer deb 4%s'47A&0 Gair (Robtl income notes 6s 1972 f Galveston WTharf Co— Ref 5%s series A 1951— J&D Ref 5%s series B 1954 J&J 1st 5s 1940 A&O Garlock Packing 4%s 1946.-J&D 4%s Dec 15 1947. Gelsenkirchen Mining Co— 6-yr 6% notes 1934 6s 1937 6s 1940 J&D JB5* 99 43 50 100 107 102% 85 61 92% 103 98 98 M&S f 100 / 100 f 100 INDUSTRIAL 83 MISCELLANEOUS BONDS & NOTICE—All bond prlco. or. "and lnt.™.t» «c.p.: wh.r. Quotations for all securities are as near as possible for the closing Bid Gen Amer Transport 3s Ask 1004 Bonds 1014 1024 1940.J&J 101 69 -J&J 3% notes 1941-1942 *40—M&N General Bronze deb 6s Jones 964 424 424 424 -J&D / ;„-**&£ / 92 5s 51.J&D Gen Motors Acceptance Corp— 1024 10-year deb 3s 1940 F&A 1024 15-year deb 3 4s 1951—.F&A 74 Gen Kayon deb 6s 1948 w w. J&D / 524 Gen Stl Cast 1st 5 4s'49 w w_J&J Gen Steel Wares— 95 4 Ms ser A 1952 A&O Deb 04s Deb s 1940-- f 6s 1948... Gen Finance conv deb 1940.A&O Gen Tbeat En deb 6s 98 45 454 96 103 4 1024 55 954 f F&A f Certificates of deposit-------- f Georgia Marble 1st 6s 1950.M&N German Atlantic Cahle 7s 1945.. f f 114 70 42 21 6s 57 6 1945 584 1044 1014 < Good Hope St & Ir Wks (Germ'y) f S f g 7s Oct 15 1945—_A<Sr Goodrich (B F) Deb g 1st mtge 4 Ms 1956 97 1034 A 1941 f 5s 47-M&N Prod— 1944 92" 93 Godchatix Sug 1st s Golden State Milk 1024 19 J&D Goodyear Tire & Rubber— 1st mtge coll tr 5s 1957--M&N Gordon Baking Co (Mich)— 5s series B 1945-50 J&D Gotham Silk Hosiery— 91 92" 97 . 974 104 105 95 85 1946——M&S '42-A&0 6s 38. F&A Granby Consol Mln & Sm 5s 1942 5 f deb 5s w w 22 * 100 65 934 75 Great Lakes Paper 20 934 21 lstsf 5s 1955 A&O f Grigsby-Grunow conv 6s '36 M&S f Groc St's Prod conv 6s 1945. J&D Gulf States Steel 4 Ms 1961-A&O 934 64 944 58 65" 83 86 Munislng Pap 6s A &B 1943. A&O 91 Munson 93' loo" M&S '39—J&D / Hall (F W) Printing Co— 1st & coll 6s stmp 1947—M&N Hamilton By-Prod Coke Ovens— 1st s 81 fund 6s 1956—A&O Hamilton Mfg 5s w w 1951—M&S Hansa Steamship Lines— 10-yr 6s 1939 stamped A&O 6s unstamped 1939— Harpen Mining Corp— 6s with warr for Am shs—J&J Harris-Seybold-Potter— Conv s f deb 5s 1951-.—A&O Hart Coal inc 6s 1945— — — Hatfield-Campbell Creek Coal-1st 6 Ms 1948 M&S Hawley Pulp & Paper Co— 1st 6s s f 1946 ——J&J Haytian Corp inc 8s Oct 1938— — Hearst Publica 6 Ms to 1947-M&N Heller (Walter E) 4s ww '46.A&0 Helvetia Coal Min 1st 5s *38 A&O 98 90 96" 98 99 M 100 99 H 1024 100 914 98 30 M 314 — — 794 / 84 M ' 99M f f 874 20 89 /106 / 124 Hygrade Food Products Corp-— 1st & ref 6s Jan 1949 A—A&O 6s 1949 series B J&J 83 60 63 50 _ 48 52 544 30 58 - - - - 994 994 974 97 924 27" ..... 80~ 36 83 1939—--J&D 107 Illinois Steel deb 448 1940—A&O 23 M IIseder Steel mtge 6s 1948—-F&A 109 Independent Brewing 6s '55.J&J Indiana Ice & Fuel 6 Ms '47.M&N 64 Ind Limestone inc 6s 1952--M&N f 65 Prior lien s f 6s 1942 M&N Indianapolis Motor Speedway— 67 1st extended 6 Ms 1946—F&A 90 Industrial Acceptance 4s 1952 J&J 105 Inland St'l 3 Ms ser D 1961—F&a A&O Internat Agricultural Corp—_ 1st & coll tr s f 5s 1942—M&N 804 1004 International Match Corp— Deb s f 5s 1947 M&N / Certificates of deposit Conv deb 5s 1941 J&J15 Certificates of depositf 6 '/ UeH - 144 Internat Mercantile Marine— 1st M coll trust 6s 1941—A&O 464 International Paper— 1st & ref s f 5s 1947 ser A—J&J 1st & ref s f 5s ser B 1947—J&J Ref mtge 6s 1955 ser A—M&S 874 874 794 , Internat Pow & Pap of Nfld— 1st M 5s 1968 J&J -J&J opt—A&O *55 f '32 / Interstate Deb Corp 2-5s Jan 1 Interstate Zinc & Lead deb 7s ♦ .—J&D Called Mar. 1 at 100. b Basis. 102 101 107H 1074 92" 1054 83 1004 if* it* 79 21M 70 105 4 104 105 98 19 43 46 43 46 46 43 128 129 M NYLE&WC& RR— 1st 6s ext 54% 1942 83 N Y Shipbuilding 1st 5s '46.M&N New York Trap Rock Corp— 67 46 95 Equip trust 44« Aug 1 '38-'46Equip trust 4 4s Nov 25 '38*43 Equipt tr 44s 1938-47 J&D15 Equip trust 64s Sept 1 '38-'44Nortn Amer Cement Corp— Deb 64s A with warr b b 5.75 5.00% 5.00% b 5.75 5.00% b 5.75 5.00% 64s 1943 M&S Income 64s 1953 M&S f Nor Amer Refract 64s 1944-J&J 594 b 4.25 3.75% Eq tr 34s ser K 1938^8.."A&O b Northern Elec & Nor Pap Mills— 3.75 3.00% 1st mtge 5s to 1948 Debenture 6s 1943 M&N 30 61 65 22 35 87" 67 140 97 150 984 1044 105" 98 76 F&A 55 McCormicks, Ltd, 5Ms *50 M&N f McCrory Stores Corp— 1004 5s s f deb 1951 M&N o? accrued Interest. 984 85 57 1014 11 13 914 924 81 84 81 84 204 80 81"" 39 40 60 O'Gara Coal 5s '55 op aft'08 M&S Ohio Finance- 10 conv deb 5s '46-J&J Okonite Co 6s stmp 1942 J&D Old Ben Coal Corp 6s (w s) 1948 Inc deb 74s (w s) Aug 1 1953Oregon-Am Lumber 6s 1942 -A&O Oregon Pulp & Paper 6 4s to Apr 30 '37, 6% to 1945---M&N Oreg Terminals 6 4s A1942-M&N 75 96 98 94 96 6s 1943-J&J 22 26 50 85 §5'" 79 82 Oswego FallsCorp 4 4s 1952-M&S Without warrants.—..... Otis Steel s f 44s A 1962—_J&J Oxford Maim! Paper 6s 1947-F&A Pacific Atlantic SS 2-5s *43-M&N Pac Coast Cement 6s A 1942. J&D Pacific Coast Co 5s 1946 J&D 65" 724 744 !i* 37"" 58 47 100 4 60 49 1004 294 294 31 31 1004 101 92 93 73 74 A&O 42 44 Paton Mfg Ltd 1st 4 4s '56.M&S Pea body Coal Co (Consol Co)— 1st s r 5s 1953 ser A M&N 99 Parmelee Nominal. 104 28 91 Certificates of deposit 16 254 42 Panhandle Eastern Pipe Line— 1st mtge & lien 4s 1952...M&S Paramount Pictures 6s 1955-J&J Conv deb 34s 1947 M&S 102 26 100 42 Pan Amer Petrol Co (of Calif)— 1st conv s f 6s 1940 J&D15 344 344 344 344 9 88 674 61 24 37 Palmer Corp of La 1st 6s '48-J&D Pan-Amer Industrial 7s '37-M&S 130 98 37 70 65 95 95 A&O Osgood Co deb g 6s 1943 J&D O'Sullivan Rubber 5 4s *47—A&O 65 14 See Investment trusts 100 75 n 81 Nova Scotia S & O 5s 1959-.J&J / 6s perpetual stock J&J 1st income 5s 1945 Orono Pulp & Paper 91* 89 k Last sale, 1st mtge s f 54sw W1945-F&A 54s without warr 1945.F&A Norwestern Term Co 5s '48.-J&D Ohio Leather 89 / This price Includes 91 78 Wire Co— 1004 100 8" notes 1931 —M&S Canning 6s '41—J&J 89 O'Connor Moffat deb 6s '38 F&A 44 McCord Rad & Mfg— Deb 6s 1943 with warr 5-yr 6% 63 3.75% Northwestern Barb Minn Valley 60 4.25 31 Memphis Commercial— Appeal 4 Ms 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 M8 *51 J&J Messer Oil 1st & ref 6s 1942--J&J 80 25 984 584 20-yr s f 6s 1947 M&N f New 6-4% 1947 M&N North Western Refrigerator Line b Equip trust 4s ser I Jan 1 *38-'43 70 20-yr conv deb 5 Ms 1950-M&N Mead (Tho) Corp— 1st M 6s 1945 with warr_-M&N 5.75 65 '40-M&S 44 McCollFron'nac Oil 6s 1949-A&0 964 North Amer Car— 40 7s without warrants 1941-M&N / 70 80 40 M&N 88 100 Manati Sugar 1st 7Ms *42--A&O Ceitificates of deposit f 4s Feb 1 1957 86" 80 M&N Northern Redwood Lumber— 6s 1937 J&D f N'west Pub's Deb 44s 1948-J&J s 794 1st mtge s f 6s 1946 73 1st 594 M&N NYLE&W Dock & Impt— Extended at 5% to 1943.—J&J f 118 Manhattan Refrig 5Ms 1941-J&J Mansfield Min & Smelting— 60 61 564 A&O 83 52 59 Dock Co—1st g 4s *51-F&A 71 0 0 coo 82 Y Serial 5% notes 1938 Certificates of deposit 60 81 116 f°8* 20 N 40 40 North German Lloyd— 93 101 Metropolitan Ice 7s 1954—J&J Miag Mill Mach'y 7s 1956--J&D ' Mich Tann& Extract 6Ms'38M&8 Middle States Petrol 6Ms 1945— 50 Miller & Hart Inc. deb 6s *43-J&J Miller & Lux Inc 1st M 6s '45A&0 / 120 00 7% gold notes 1935 A&O / 117 Minnesota & Ontario Paper Co— 1st 6s series A 1935 A&O / 344 344 1st 6s series A 1945---—A&O / 103 344 1st 6s series B 1948—-----J&J / 344 1st 6s series C 1950----—M&N / 109" 26" f Nordberg Mfg Co 1st 6s 1943M&S McKesson & Robblns inc— 75* . J F&A McOloud River Lumb 5s *48 J&J Ice Service 1st 6Ms 93 Newport Industries 5s 1947 30 77 204 107 534 724 Lukens Steel 5s extend 1955 M&N (G1L) conv 6s 1939-M&N Massey-Harris Co 5s 1947--A&O 60 Nat Union Mtge 3-6s A '54. _J&J 2-5s series B 1954 J&J New Eng Laundries 6s *36--A&O 30 124 1951 194 1064 41M 135M Martin 58 tJorp— 28M 123 Maple Leaf Milling— 2 Ms to 1938, 5 Ms to 1949. J&D Marine Elev (Buff) ext 5s '52M&S / Marion St'm Shovel 6s '47--A&O 59 M Cum income deb 5s 1940--M&S J 354 1294 5s, 101M 23 H 26 _ 99 104 4 A&O 91 26" F&A 97 103 62 Liquid Carbonic conv 4s '47-J&D Loew's Inc deb s f 3 Ms 1946-F&A Logan County Coal 7s 1942-M&N Long Bell Lumb 6s sei A '42.J&J 6s series B 1943 A&O 6s series O 1946 F&A Loiillard (P) Co g 7s 1944—A&O Radiator 04s 1947 Certificates nt denosit J&D 6s stamped 1946 J&D Partic deb 2d mtge 7s 1946 J&D N Y World's Fair 1939— Deb 4s 1941 J&J Nlvelle Corp 4s 1952 M&N Libby McNeil &Libb 5s '42.A&O Liberty Baking 64s 1944 M&S Liggett & Myers g 7s 1944—A&O Gold bonds 5s 1951 F&A Lincoln-Boyle Ice 6s 1947—A&O Lindsay Nunn Pub 6s 1944—M&S Lion Oil 4 Ms 1952 964 A&O Nat 59 M 90 - T Nat Oil Prod deb 4s 1952—.J&D It* J&J 4s coll trust conv 1947 M&N 554 Le Tourneau Foundation— 90 21 CnH fnnv 6s w s ser A '44-M&N Natl Grocers Ltd 4s 1947—A&O Nat Gypsum s f 6s IV»4M_ A&O National Lumber & Creosoting— 96 M 59 Leipzig Trade Fair 7s 1953-M&N f 88 58 M Interlake Iron Corp— Conv deb s f 4s 1947—-- 32 M Leonard Tietz—See Tietz 88 85 '47—M&N f Igotta Fraschini 7s 1942 96 102 M 100 74 M J&J 6s extended 1943 134 31M F&A 86 100 Holly Sugar Corp lMs 1938-A&O 99 1st 2s 1939 A&O 984 1st 2Ms 1940 A&O 97 1st 3 Ms 1941A&O 96 1st 3 Ms 1942 A&O 92 1st 4s 1947 A&O 40 Home Serv(LosAng)6Ms '42 A&O f 25 Home Serv(Portl, Ore)7s '41 A&O f Housing & Realty Improv— 7s 1946 M&N / 21 Houston Oil Co of Texas— 1004 10-yr sec s f 54s 1940—-M&N 23 M Hudson Coal 1st 5s 1962 A—J&D 55 Hud Riv Day Line 6s 1939--M&S 75 8 f 1st mtge 6s 1946 J&J 20 2d mtge inc 6s Feb 1956 Hungarian Central Mutual Credit Mfg 7s 1937 J&J f 19 Hungarian Disc & Exch Bank— 35-yr s f 7s 1963 ——J&J f 19 Hungarian-Italian Bank Ltd-— 18 Sinkingfund 7Ms 1963—A&O f 1st 4Ms 1968 Internat Salt g 5s 1951 94 M 101M 39 1st & ref 5s 1964 1st & ref 5s 1974 81 1st M conv 54s A 1946.M&N conv inc 5s 1952..-M&N 4-5s 1956 J&J New Niquero Sug 34s 1940.-J&J 39 85 1944—A&O - 31 F&A F&A F&A 424 1044 1st coll mtge sf 4s 1965...J&D Natl Tool conv deb 6s w w '42F&A 65 1st & ref 5s 1944 1st & ref 5s 1954 90 Heywood-Wakefield 5s 1946 J&D Hightstown Rug 6 Ms w w 1944— Hines Land & Timber 6s 48-. J&J / Hoe (R) & Co 5-7s 1944 ws..A&O 4M-6MS 1st mtge 20 25 ii% Corp 3-6s 1953— Cum National Hteel 93 Layne & Bowler 3-6 Ms Dec 1947Lehigh C & Nav fund 4s '48 J&J Cons s f g 4Ms 1954 J&J Cons s f 4Ms 1954 ser O—J&J Lehigh Valley Coal— J 1st 54s 1938-48 90 J&J . National Fire Proofine Co— 'It* 30 100 1004 M&N Nat Food Products 6s '44 22 102 M 97 10-yr deb 44s May 1 '45-M&N 71 64 6s 1954 with war 1941 A ser |^ 294 National Distillers Products— 1014 100 67 An Apr conv 19 J&J Certificates of deposit Nassau (Ger) Landbank 6 4s 193« Nat'l Acme 4 4s ext to "46—J&D 11*Natl Debenture 95 Certificates of deposit 1st mtge income 1975 J&D Lawrence Portland Cement Co— Deb g 5 Ms 1942 A&O Steamship Line— Nat Container deb 54s '52-A&0 Nat Dairy Prod 3 4 s w w'5l M&N Lake Superior Corporation— 1st & coll tr gold 5s 1944-. J&D Lane Bryant Tnc deb6s'40wwM&N 1st 99 4 1956. Natl Oonsol Bond Corp 2-5s 1953. 98 M 120 92 Langendorf Un Bak 6 Ms '41 M&N 82 101 --M&FI f 5s ser A 1955 mm mm ser (Central Funding series 100 Lautaro Nitrate Co— Gen sinking Holland-Amer Line 6s 994 20 3 1951 N;it'l Bakine Hs 120 1961 ser Nat Bondholders partic ctfs F&A F&A J&J 1st 5Ms 79 65 56 Paper- 6 Ms 1942 6 Ms Feb 1947 Debenture 5s 1961 Gypsum Lime & Alabast— 5U8 1948 Hele & Kilburn Corp 6s Lake St John Power & 75 85 54 85 J&J 1946 / .J&D Lake Erie Bolt & Nut— 5-6s April 1 75 54s series 16 1940 M&N Mtge Bond Co (Md) 2-5s Dec 1 '53 Mortbon Corp— Coll A 5s ser 1 1941 .J&D Coll B 5s ser 2 1946 J&D Jan" 'l" 1937".-"-A&O \ 66" 83 75 Secured 6s 1937Deb 6 4 s 95 La France Textile 1st 6s '42-J&D 96 81 / M&N;/ 1933 94" ' Co Ltd— 4 101 J&D 97 5s uniform ctfs of dep 1959— Lackawanna Steel 5s 1950—M&S Grand Trunk Ry Term 6 Cold Stor 1st 64s 1952.A&0 f Graton & Knight 44s 51—J&D series Call C 5s Kre.uger & Toll— 70 92 _ _ Morgan Eng ng 8s 1941—M&N Morris Plan sec 6s x-w 1947-M&S Mtge-Bond Co 4s ser 2 '66-A&O Coll D 5s 30 89 Kings Co Refrig 6s 1942 A&O Kingsport Press 6 Ms 1939—F&A Kingston Elevator 1st 6s '50 M&N Kinney (G R) ext 5 Ms 1941-J&D Kirby Lumber 6s 1938 J&J16 New 1st 4s 1947 J&J16 Koehring Co (Milw) 3-5s '45-J&J Koholyt Corp 6 Ms 1943 M&S Koppers Co 4s 1951 __M&N Kresge Foundation— 10-year coll tr 4s 1945 J&J 3 M? coll trust notes 1947-F&A 76" §6" 100 104 & Ind 80 M&N 95" 30 75 75 notes 1939-1941 M&N 4% notes 1942-1945—.-M&N 60 27 834 3% Graham Paige Co 1st 90 37 17 23 25 1959--J&J Keyes Fibre 1st 6s '38-*39 M&N 1st 6s 1940-1949 M&N Gould Manufacturing 6s Monroe Coal Mining 6s '47 F&A Montreal Cotton deb 5* '43.M&N Ask 51 Ry. 6s f $925) 1943 68 with warr (par $925) 1943— / Keith (B F) Corp 6s 1946—M&S Kelly Springfield Tire 6s *42. A&O / 6s stamped 1942.. A&O / Keystone Steel & Wire— 2% notes 1938 76" 85 1st 5s series A w w 1952—J&J Karstadt (Hudolph) Inc— 1st 6s 1943 with Am shs.-M&N / Ctfs of dep w w stpd 1943— / 944 984 L Mouon Coal—See Chic Laughhu Steel— 1st mtge 4 Ms ser A 1961—M&S loseph & Feiss 5s 1943 M&S Journal of Comm. 0Ms "47—J&J Kansas Pipe Line & Gas— Keokee Cons Coke 5s 88" Gobel (Adolf) Inc— Conv deb 4)^s ser / Kelsey Hayes Wh'l 1st 6s '48-J&J 15-yr conv deb 6s 1948 J&J Kentucky Rock Asphalt— 3 4-64s 1945 J&D Kentucky Securities coll 5s 1940- 124 Gen Vending 0s 1937 & 93 1950--J&J 0s stamped (par 78 Missionary Sisters (Waukegan, III) 1st ref 3M-4s 1951—A&O Mohawk Rubber ext 6s 1938 A&O / lefferson & Clearfield Coal & Iron Indiana Co 1st s f 5s Bid Bonds Ask Bid Jones Cold Storage 4-5s 72 General Cable Corp— 1st mtge sf 54s 1947 sor A .J&J Gen Elec (Germany) 7s '45-J&J 15 / day of the mom" yr^ou. k Bonds S f Transportation Co— conv deb 6s 1944 Pearl River Valley Lumber— I 1st in e 4-5s 1945 M&S / 794 115 80 INDUSTRIAL & March, 1938] MISCELLANEOUS 83 BONDS NOTICE—All bond prices are "and interest" except where marked "I" 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 Penn Mercantile PropertiesSecured s f 3-4s 1961. J&J 36 103 M 36 Phelps Dodge 3 Ms 1952 1938—...MAS J&D 107 Phila & Read O & I 6s 1973 -JAJ Conv deb 6s 1949 -MAP 17 6 103 10 31 83M 105 39 10 Phoenix Iron 1 st s f 6s 1946-MAN Phoenix Silk Mfg 7s 1943—F& A Pickering Lumber 6s A '46.-MAN Pierce Butler A Pierce 6 Ms '42-. Pillsbury Flour Mills 6s 1943 AAO Pine Hill Collieries 1st 6s *42 AAO Pireili Co of Italy con 7s '52 MAN Pittst> Brewing 6s Feb 4 '49..J&J Pittsburgh Coal Co— - ■ ' Sinking fund deb 6s 1949-FAA Pittsburgh Coke A Iron Co— 1st mtge conv"4 Ms 1952- - -MAS Pitts Crucible Steel 5s to 45.MAS Pitts Steel s f 6s 1948 FA A Pocahontas Consol Collieries— 1st gold 5s 1957 op JAJ Poor A Co s f deb 4s 1940---AAO Portld Woolen Mills 6 Ms'41 MAN • 107 M 18 M 6M 15* 33 5 108 M 6 106" "9" 100 M , 106 M 85 M 105 107 M 87 97" X2S* 94 96 Porto Rican Amcr Tobacco—_ Conv 6s 1942. JAJ Potomac Bond Corp 2-5s 1953— Potomac Cons Deb Corp 3-6s '53Potomac Deb Corp 3-6s 1953 51H 1st s f 6s 1947 -JAJ Siemens A Halske 10-yr 7s '35 JAJ / Deb g s f 6 Ms '61 with war MAS / Deb 6s 2930 7s 1940 Signal Oil A Gas— 101 Conv 6Ms A 1945MAN 70 Signode Steel Strap 3Ms 45.AAO 73 M Hiiesian-Am Corp 7s 1941—FAA 90 M Sllverw'd Dairies 5s '41 to *51 JAJ Simmons Co Conv deb 4s 52AAO 86 M "lirapsons Ltd— i 95 M 1st A coll 4M> A 1951....JAJ Oft ZA vo/i 'kelly Oil deb 4s 1951 —. JA.l 95 Slattery Co 1st 6 Ms '45-—-MAN Smith (Howard) Paper Mills Ltd 103 1st 4Mb 1951 —JAD 4mith (L C) A Corona Typewr'rs 98 Deb 2% to4M % to 1946—JAJ 60 Smith A Wesson 5 Ms 1938-_JAJ 106 M Socony-Vacuum Oil 3 Ms '50-AAO South Coast Corp— Gen mtge inc os April 1950 / 68 Southern Advance Bag A Paper— 97 1st s f 6s 1947—JAD Southern Brighton Mills— 72 1st gtd 7s 1940 ...JAD 1st gtd 6Ms 1940 71 JAD Sou Tee A Util conv 6s 1946-FAA 70 42 M 45M 64 83 75 82 Si* 93 95M 95 M 90 102 89 40 75 80 102 109 Richfield Oil of California— Coll tr 6s 1944 ser A..—MAN Certificates of deposit—-— Conv s f 4s 1952 ...MAS Richm'd Cedar Wks 6Ms '45 JAJ Richmond Hos Mills 7s 38—FAA Richmond (Va) Ice 6Ms '42.AAO Rima Steel Corp 1st s f 7s *55 FAA »«7 104 106M 72 99 92 M 116 83 83M 105 M 97 102 M 96 36M 40 — - M 34M 34 M 97 19 1950- / JAJ JAD 98 1940- AAO / 4s ctfs of deposit 1946--AAO / 2d stamped 1946 AAO Stinnes (Hugo) Industries— 7s unstamped 1936JAJ / 4s ctfs of deposit 1936--JAJ / 2d stamped 1940 -JAJ Strange (John) Paper 6s *44—JAJ dep..—MAS / Coal A RR 20 24 101 Safeway Stores 4s s f deb '47. JAD St Clair Furnace 1st 5s '39.. FAA 63.00% 68 St Joseph Stock Yds 5s '40— FAA St Louis Gas A Coke Corp— IstMsf 6s 1947— ..IAD / 12 67 St L Rky Mt A P 5s '55 stpd.J«t J St Paul Un Stk Yds 5s 1946. AAO 102M 101 Samson Tire A Rubb 6 Ms '39 JAJ 50 Saltex Looms Inc 6s 1964...AAO Saratoga Victory Mills—, 82 M 6 Ms 1943 -JAJ Saxon Pub Wks (Germany)— 1st extl s f 7s 1945 —..FAA Gen A ref 6Ms 1951 MAN 6% notes 1937 JAJ 94 - / Thermoid Co 5s w w 1951..JAD Three Rivers Grain A Elevator— 12* 68 56 _ 85M £4* 95 2 29 102 79 I°o* .... 97" •■---- 85" 35 105 M 3M 5 69M 93 102" 26 §§* 88 91" . 81 92M 102 75 75 38 39 50 103 100 90 M 91M 109 92 94 M 15 15M 15 M 22 16 94 96M 85 98 98M 83 M 103 84 99 75 40 M 42M 102 M Woodland Farm Dairy— 8Mb w w 1944—.—....JAD ..JAJ 3Ms series A 1942-1945...JAJ —JAJ 4Mb series A 1952 Woodward Iron 1st lien 5s '62JAJ 2d conv inc 5s 1962.-Ann Apr Woodward A Tier nan Print— 98 97 96 97" 93 102 M 92 M JAJ AAO ..JAD 6s 1942— York Ice Mach 6s 1947 Debenture 6s 1943 88 85 Woods Mfg Co Ltd 1st 3s to 1941 96 103 M 94 95 M 95 M 93 96M 98 M 99 9,500 3,000 10,800 5.000 Youngstown Sheet A Tube— 1st M s f 4s ser MAN O 1961 No. Last Sale Exch—.1,375 $70,000 450 10,500 NYCofASugEx. 344 4,250 NY Curb Exch— Baltimore Stk Exch 550 76 900 "600 139 4,000 3,500 1,800 2,500 6,000 350 5,250 1,500 3,500 3.100 125 125 "125 1,500 1,500 1,800 41 69 66 Kan City (Bd of Tr) 15.000 213 81 . 117M 108 M 15 76" 76 M 98 100% 77 92 90 M 76" 81 77 2626 M 66M 76 M Milw Grain A Stk. Minn Ch of Comm. Minn-St P Stk Ex. Montreal Stock Ex. New Orl Cotton Ex New Orl Stock Ex. Phila Stock Exch Pittsb Stock Exch. St Louis Exchange. Salt Lake Stock Ex. San Fran Stock Ex. San Fran Curb Ex. Seattle Stock Exch 1 Seattle Curb A M. 186 523 19 t/80 Toronto Stock Exch 35 33 86 68 Washington Stk Ex § Wheeling Stk Ex. Winnipeg Gr Exch. 2,500 4,500 3,500 2,000 5,000 5,000 1,250 46,000 500 70 1,500 200 115 850 1,000 1,100 500 900 1,150 175 45 49 69 72 i"666 400 1,250 1,500 750 18,000 4,800 36 300 250 113 40 13 85,000 65,000 500 500 §1.000 6,500 463 k l<ast sale, ' 900 J 85" f This price includes accrued interest, • 65 Cement 6s '38-AAO / / Detroit Stock Exch Ft Worth Gr A Cot 84 • Wise Lime A Los Ang Stock Exch / / 101M JAJ / A 1930-- Cleveland Stk Exch 117 108 M f - 97 78 M Boston Stock Exch. 100 United Gram Growers Ltd— 5s series A 1948 JAJ Basis, ser Secured 6s 1945-. MAS Wilcox Oil A Gas 6s 1945— JAJ Wilson A Co 4s ser A1955—JAJ Conv debs 3 Ms 1947 AAO Wilson Line 7s 1945 Winslow Bros A Smith— 34 89 b 5-year 7s 32 United Oigar-Whelan Storesr— S f 5s Oct 1 1952 Ai mm. 15M 39 Certificates of deposit / Pr lien A coll 7s Jan 1935.MAN Certificates of denosit f N Y Cotton Exch.. 100 1952—MAS 65 38 White Sewing MachineDeb 6s 1940 MAN Wickw Spencer Steel 7s '35--JAJ 46" 106 M t Price of Wheeling Stock Exchange memberships are fixed, prices, t Sale price. V 80 seats, 70 members. IstMsf 4Mb ser A 1960—FAA Whitaker Paper 7s 1942 MAN Chicago Bd of Tr. 1.549 Chicago Stock Exch 372 96 United Securities Ltd 5Ms 1952.. West Chain Stores 6s ww'39 MAN Western Fuel Corp 7-4s '50-MAN Western Newspaper Union— Conv deb 6s 1944— _FAA Western Steel Prod 6s A '48.MAN / 42 8 65 70M 68 Vs N Y Stock 65 1945—JAJ Disinfecting 6s 1940--JAJ .... 52 41M 41M L Certificates of deposit.. Conv 6s 4th stamp 1950—FAA UnifiedDeben OorpSs 1955Union Compress A warehouse— 1st 2M-4M8 ser A 1942—JA 1st 5s 1943-1951 JA Union Oil Co of California— 6s May 1 1942 ser A. ,FAA 103 H EXCHANGE SEATS Ulen A Co— Conv 6s 3d stpd 1944 9M 36M 4s series A 1946-1947—-JAJ 106" 90 29 M Wither bee Sherman Inc 6s 1944.. Wood (Alan) Ir A St 6s 1944. AAO 101 89 M 35 5Ms 1943————MAS 107 M — 7M 88 M 100 90 15 Debenture 4 Ms 1945——JAD Wheeling Steel Corp— • 101 86 M 101M -60 40 42 36 14 M 47" Weyenberg Shoe Mfg— 47" : 35" 25 35 40 MAS 75" United Amusement Corp— , MAS West Indies Sugar 6s 1947--AAO W Va Coal A Coke 1st 6s '50.JAJ W Va Pulp A Paper 4Mb '52 JAD 80 125 101 Tomahawk Kraft Paper— 1st 5s (with stk) 1951 AAO Trask Timber 1st 3s 1944... JAD / Turner Glass Co 1st 6s 1939. JAD — 8cripps (E WT deb 5Ms 1943 FAA Scullfn Steel Co— 1st conv 3-6s w w 1951 AAO 3-6s without warrants *51 AAO Securities Accept Corp 5s *46 JAD Seneca Copper 7s 1933— JAJ Servel Corp 5s 1948.. JAJ Warren Bros Co— Conv s f deb 6s 1941 - Stamped (July 1933 coup on Guar s f 6Ms 1946 ser B..AA _ Warner-Quinlan Co 6s 1939-MAS / Warner Sugar Corp 7s 1939-JAJ / 35 99 — West 91 / '45-..MAS 27 M 8M 1st 7 Ms 1943 MAN 97 Wabasso Cot'n 3M-4Ms '51 FAA 102 Walker (Hiram)-G A W— Deb 4 1945JAD 103 M Waltham W'tch A Ol'k 6s '43 JAD 100 Walton Lumber 1st 6 Ms *41 Q-Jan / 60 Walworth Co 6s s f deb 1955-AAO 76 20-yr 1st mtge 4s 1955 A&O 69 Warner Bros Pict 6s 1939 MAS 66 M Warner Co 1st 6s 1944 AAO 64 29 67 102 M Ticonderoga Pulp A Paper 6s *40 Tide Water Assoc Oil 3M» '52JAJ 101M Tietz (Leonard) 7 Ms x-w '46-JAJ / 23 M Tilden Lumb A Mills 6Ms'46MAS / 25 Tokheim Oil Tank A Pump— Sayre A Fisher Brick 6s 1947. JAJ Schoenstadt (H) A Son 6s 1950 JAJ 6 Wayne Coal Co 6s 1937 68 M 203 1011 Vicana Sugar Co 6s 1P55JAJ / Victor Amer Fuel 6s 1940-FAA / Victor Fuel 1st- s f g 5s 1953..JAJ Va Iron Coal A Coke 5s '49.MAS Vulcanite Portland Cement— 91 ,98 MAS Texas Corp deb 3Ms 1951.. JAD Texas Sugar Ref 1st 6s '44..FAA 143 , 82 87 122 1951..JAJ 5s 58 55 106 M 101 QMsseries A 1951— JAD f 31M 6 Ms series C 1951 JAD f 31M 6 Mb series A 1947 JAJ * 31M United Stockyards Corp— 85 M 15-yrcolltr4Ms A ww'51 AAO United Wall Paper Fac 6s 1947-. 100 Universal Sewer Pipe 6s 1938-JAJ 50 Utilities Elkhorn Coal 6« 1948 TAJ / 21M Valvoline Oil ext 5s 1947—MAN 85 Vanadium Corp of Amer— Conv deb 5s 1941——AAO 87 Van Camp's Inc 1st 6s 1943..JAJ 90 5Ms notes 1937— MAS? Warren (S D) Co— 1st mtge a f 4Mb 1952....MAN Conv deb 4 Ms 1952 MAN 22 86 Copper & Chemical— 1st s f 6Ms ser A 1951....MAS 133 90 101M 62 50 95 Superior Steel Corp 6s 1938.JAD Susquehanna Silk Mills— Sink fund deb 5s 1938 JAD / 10 Swift A Co 3 Ms 1950 106 M JT 92 Taggart Bros Co 6s 1944 .JAD Taylor-Warton Iron A Steel— Coil Inc 7 Mb July 1 1958—AAO / 76 Tenn Corp deb 6s ser O '44..MAS Tenn Prod 1st 6Ms 1936 JAJ / Term Warehouse 2d 5s '42. JAJ 4 RUeping (F) Leather 6s '40—AAO 38 Sugar Pine Lumber Co— 28* Ruhr Chemical 6s 1948-.... AAO / Ruhr Housing 6 Ms 1958 JAJ / 103 M Sugar Estates of Oriente— 70 104 58 46 44M Strawbridge A Clothier— 1st s f 5s 1948—100 MAS Struthers Wells Titusville-rlst mtge 8 f 5Ms w w 1949. AAO 75 Studebaker Corp 6s 1945 JAJ I 62* Stutz Motor Car 7 Ms 1937..AAO / 2 Conv deb 6s 1944 ser B Rocky Mtn Fuel 5s 1943 AAO Rolland Pap 1st 5M» A '48- JAD Rolls Royce of Amer 7s 1937 MAS Roman Catholic Church 6Ms 1946 Rom Cath Church Welfare 7s 1946 Royal Dutch Co— Deb 4s 1945 with warr—..AAO 27 109 M 68 27 Stevens A Thompson Pap 6s 1942 Stillwater Worsted Mills— Deb 5 Ms A1943— FAA Tenn 20 112 94 55 54 106 99 Webster CAC 1st g 5s '42 op MAS Secured cum inc 3-5s Apr Steel Co of Can 6s 1940— Stern Brothers 6s s f 1947 Tenn 52 Riordon Pulp A Paper Ltd— 1st 6s June 30 1942—.JAD30 River Raisin Pap 1st 6s '45—FAA Roberts A Oake (Chi) 6s '44.MAN Roch A Pitts O A I 5s '46—MAN 90M 104 Corporation— 1st M serial 6s 1932-1942.MAS / 18 Trucking Corp 5Ms'43—JAD — 4 18 89 M 103 M Spang Chalf't A Co 1st 5s '48 JAJ 103 M Spirit Lake Transfer 5s 1946.. JAJ Springfield Ice 7s 1944 JAD / 4 98 M Square D Co deb 53 A1945--FA A 103 M Staley (A E) 1st mtge 4s '40-FAA Standard Ice 1st 6s 1947 34 FAA Stand Oil (N J) deb 3s *61-— JAI) 101M Stand Textile Prod 6 Ms '42 MAS A$S6Qt6(l / 21 83 Stanley Co (Camden) 6s 40 JAD 87 Stanley Grandad 6s 1946 FAA 83 Stanly-Rowl-Clark 6s 1946—FAA 100 98 , 37 1st 7s 1942 ctfs of .... 98 U S Finishing 5s 1944 —JAJ U 8 Pipe A Foundry Co— Conv deb 3 Ms 1948 .MAN U 8 Prinf. A Utho 6s 1950—AAO 8 5 Van Dorn Iron Wks 7s June 11942 Vertientes Sugar 1st 7s 1942.JAD / Certificates of deposit / Vlau Biscuit Corp 6 Ms '46—JAJ Southern United Ice Co— 1st 4s w s 1950 ...AAO 7s unstamped ' QQ Stinnes (Hugo) Corp— 96 M U S Cold Storage (Kan City)-* 1st sink fund os ser A 1940.FAA 1st sink fiind ser B 1949..FAA U S 60 Dairy Products— 1938MAN / 10 98 M United Steel Works (Germany) 92 w w 7 MAN —_ Conv income 5s 1944 / So'western Devel't 4s 1942..JAJ At Gtd coll trust 6Ms 1942..JAJ U S Cold 8toragp(Chg)6s'45-JAJ 96 M 46 6Ms Bid Corp— 1940 U S Radiator deb 5s 1938—FAA conv deb s f 5s 1948......FAA U S Rubber 5s 1947 ser A....JAJ 91M 4Mb 1967 U S Bond A Mtge Coll trust 6Ms 89 SK* 92 43 f Starrett _ 91M . 102 —AAO 8 Southwest 82 - 3dStampei —I I _ 1st 86M Purity Bakeries 5s 1948——JAJ Quaker City Cold Storage— 35 lets 15sl953 MAN R&dio-Keith-Orpheum Corp— Part paid ctfs (for 6% deb and common stock) 65% paid— Debentur? gold 6s 1941--JAD / 70" 75 Conv sf deb 5 Ms 1947 Railway Express Agency Inc— Serial 6s 1938 (s-a)——MAS 100M 105 Series 5« 1939-*49 fs-au MAP 44 Realty Bond A Mtge deb 3-6s '53. 91 Red Riv Lumber 5 Ha 1938.MAN Reliance Bronze A Sieel 1944.. / 15 Remington Rand Inc— . 20-yr deb 4Ms w w 1950. .MAP 4Mb without warr'ts 1950 MAS Republic Steel Corp— 112 Gen mtge conv 4Ms A '50-MAS Gen mtge 4M* ser B 1961-FAA §2* 83 Gen mtgefc Ha ser O 1956 MAN Purchase money 5 M* *54-MAN i05M 96 Restigouche Paper Ltd 6s '48FAA Revere Copper A Brass— 100H 1st mtge 4Kb s f 1956-——JAJ 93 Reynolds Met deb 3 Ha 51—JAD 26 Rheinelbe Union 7s 1946 JAJ 23 Rhine-Main-Danube 7s *50 MAS 6 Rhode Island Ice 6s 1948—-MAN 12 5s with stock 1951 FAA Richardson A Boynton Co Cum income 4s 1945 JAJ / 13 Schulze Baking 1st 6s 72" _ Price Bros A Co Ltd— 1st 5s 1957-------—-MAS 2d conv deb 4s 1957---—MAS Produce Term A Cold Storage— 1st income 6s 1958-—__JAD Protestant Church of Germany— 7s 1946-— AAO Prov Paper Ltd 5Ms 1947--MAN Scott Paper deb 3 Ms Scovlll MfgCo 5 Ms 62 M . 7s stamped 1947 . . MAN Pratt Cons Coal 1st s f 6s 55 JAJ Pressed Steel Car Co 5s *51—JAJ Schulco Co 6Ms 1946- 101 % 50 M 98 M 68M ...Ann Apr / 393 99 JAJ Southern Ice Co— 1st Aref8-5s 1942 AAO Southern Kraft Corp— 1st leasehold 4Mb 1946—JAD Southern New England Ice— Potomac Franklin Deb 3-6s 1953Potomac Md Deb Corp 3-6s 1953 Potomac Realty Atl Deb Corp— 3-6s 1953 Potrero Sugar—_ _ 101M 15-year 3Ms debs 1951...MAS Goal Co— Bonds Ask m 1 heridan-Wyoming 82 ...MAS 6% notes w w 40 ' Bid Shell Union Oil Corp— Pennsylvania-Dixie Cement Corp 1st m s f 6s 1941 ser A.MAS15 Pennsylvania Glass Sand Corp—1st s f 4Hs 1960. .JAD Fettibone Mulliken— 6s w w 1943 Bonds Ask n Nominal, r Canadian S Quotations for all securities Stocks Par Bid are as near as Stocks Ask Par Dixon Mills.... Drayton Mills. STOCKS 110 22 Eagle & Phenix—100 26 18 69 Eagle Yarn........ 52 Easley Cotton Mills 7 % preferred Efird Manufacturing Enterprise Mfg(Ga). Erwin Cotton....20 14 58 45 18 50c 23 6% preferred- 25" 10 60" 81 5 "yr~~ 6% preferred- Border City Mfg 100 Boss Mfg com...100 Bourne Mills * _. Martel Mills .—1 Preferred.... 8.50 Mohawk Carpet..20 Mt V-Woodb Mills .. 100 Preferred.. .100 Nashawona M * Nashua M (NH) 100 Preferred .100 92 54 io" 7% preferred—... Gafraey Mfg 50 Conv pref—10 93 34 59 97 * 85 6 95 8 57 6 Suissett Mills—.100 ich Borden Mfg Co(FR) * Saco Lowell Shops New common...* Preferred A—..20 Preferred B 20 Sagamore Mfg (F R)—....100 Sanford Mills.—..* - Gainesville Cot Mills Glenwood Mills.. 85* Gossett Mills 60 7 6 .... ... Grante ville Mfg. .20 Grendel Mills Preferred 20 Hamrick Mills Hanes (F H) Knit.5 12 30 19 Hartsville Cot Mills. Henrietta Mills— 20 15 K 4% preferred... $3 prior pref Highland Pk Mfg 25 6% preferred Imperial Yarn 15* J* it Industrial Cotton Millspref r Inman Mills.. PreferredJudson Mills A pf100 Preferred B 100 11 40 12 43 King (J P) Mfg.. 100 17 15 Laurens O M 100 Limestone Cot Mills Linford Mills 60 6K 75 i 27 92 3Pi 21k ______ Majestic Mfg Marion Mfg Co 97 4K Marlboro O Mills. .4 Mills Mill pref.. 100 Monarch Mills.. 100 Mooresville Cotton. 65* 11 11 13 13 44 Poe 195* 65* (F W) Mfg.. 100 Rhodiss Mills 7% pf 7K Southern Mills 6% preferred Abbeville CM(SC)10 Acme Spinning..... 96 Alabama Mills * Amer Yarn & Proc 7 % preferred . Anderson Cotton Mills —100 Arcade Cotton Mills ...25 Avondale Mills 1 Beaumont Mfg—... 7 % preferred Belton Mills(SO).25 Preferred. Bibb Mfg. .100 Brandon Corp A.. Class B_........ ...—- 7 % preferred Burlington Mills... 1 Calhoun Mills.—. Cannon Mills.....* 4 102 &K 63 100 64 70 25 7 93 98 9 96 101 4 6 68 72 75 80 25 29 4 87" 90 45" 55" 34 37 Chadwick-Hoskins Co 10 6 8% preferred..... 92 China Grove Cot... 65 Chlquola 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) 5 95" 96 70 35 100 107 56 78 91 Rowan Cotton Mills Saxon Mills & Print Wks—* Preferred * com 7% preferred—. Southern Weaving.. Southern Worsted pf Spartan Mills...100 Startex Mills 20 Sterling Spinning Stowe Spinning— Textiles Inc com 10 Class A pref Class B pref—60 Union-Buffalo Mills Common —10 1st 7% pref...100 2d 5% pref...100 Victor-Monag Co 7% preferred—100 Victory Yarn Mills— 114 97 95 12 63 60 50 98 60 82" 61 120 28 K 25 43" 13 IK 4 48 17 IK 325* 145* 2c 3 3K 10 5* 40 33 17 6c Copper ..25 Copper Canyon. 10c Copper Range * Cornucopia Gold-Sc Oresson Consolidated 49" 93 68 85 66 Joseph Lead...10 San Toy Mining —1 Seneca Copper 1 Shattuck Denn 5 Silver King Coal 5 "§"" 75* Sunshine Mining. 10c 13 K United Verde Ext50c Utah Copper Oo 10 135* Utah Metal & Tun Walker Mining % 25c IK 1 90c 1 iy 20c 405* IB 40c 41H REAL ESTATE TR & LAND STOCKS Bd of Tr Bid Tr.100 Bos Gr'd R'T Tr 100 Bos R E a .... Bos Stor W'h'se.100 Boston Wharf...100 a 6of| 55* 55* 625* 135c 65* a a City RET (C)..500 Congress St Associ¬ ates (Boston). 100 Factory Bldg Tr.100 Fifty Associates (B). a .... a .... Hotel .... a a Dome Mines Ltd—* „ Granby Cons MSA K IK 30c K Title Guar & Trust of New York...20 Mining—.25c 6H Hollinger Mines...5 60* 14 88 20 38 K 109 INDUSTRIAL AND MISCELLANEOUS A B Stove-—.....* Homestake Mines common 125* Howe Sound Co 5 Hudson Bay Min & Abbott Copper .20 20 Internatl Mining—1 51 Warrants Island Creek Coal.l $6 preferred —1 Isle Royale Cop—25 39* Lab'tories.* 45*% convpfd 100 Abbotts' Dairy Abercrombie & Fitch Common .......1 $6 preferred —75 Abitibi Pow & Pap_* Smelting.....* 21" Illinois Zinc.——* Inspiration Cons no « 50. 5* 66 16 11 45 1.90 17 25 33 6% pref......100 7 % preferred—100 Abraham & Straus.* Acme Steel ,..25 Acme Wire v t c.,20 Adams (J D) Mfg..* Jardine Mining 10 91 Kildun Mining——1 Kirkland LakeGold 1 1 Kennecott Copper.* Adams Express Louisiana L'd & Ex 1 4 21K 225* 3K 4 2 25* 20 215* Miami Copper....5 Winget Yarn Mills Mtge 68.. Wiscassett Mills 81 127 5 Class Mining' Corp of 87 133 6 25 5c 45* Preferred.....100 25* 66 50 29 K * Agnew-Surpass— Shoe com... 106 7Ji Air Associates—...1 Air Devices Corp..1 without par value Pays accrued dividend. f Flat price. k Last sale. n Nominal. r Canadian price. t New stock, 35* o§^ 20c J* 60 315* ,_* Preferred 100 Ainsworth Mfg....5 «r.?JPurcha8er .a,so 20 3K 6K Aetna Brewery. l Aetna Stand Engine* ; 8 15 A....—..* Agfa Ansco $K 6K 6 Class B._ ....* Aetna Ball Bear—.1 Canada. * Mother Load Ooali'n Mines.... ..* Mt City Copper New Jersey Zinc Rumely..* Aeolian Co— 6% preferred A.50 Aero Supply Mfg— Colony Oopper.25 MclntyrePorcupineS 445* Castings com—.5 69" Preferred. West Point Mfg—20 175* 35 40 tigraph Oorp...l0 Advance 60 15 54 2.00 20 54 agma Copper OolO Mayflower-Old 90 : 32 17 8K Advance Aluminum 7% preferred Wellington Mills..* K 40 mj* 9K 20 5* 5K Lucky Tiger Comb Gold Mining 10 . 65* 30 —* 87 65 65 95 155* 76 81 55 10c^, 36 Adams Millis _.* Adams Oil & Gas.* Addressograph Mul- 215* Lane Rincon Minesl Lake Sh Mines Ltd 1 42 Lava Cap Gold Mini "2"" 45c 20 ■ .... A* 10c id" __ Power common—6 Greene-Cananea.100 5 DEPOSIT STKS. Lawyers' M Co 20 Lawyers Title & Guaranty 100 Natl Surety Co.. 10 Mines Hecla .... Bankers Bond & Mortgage Guar..* Bond & M Guar..20 EmpireTitle &Gul00 Home Title Ins (NY) Goldfield Consol 45* 5 530 16 TITLE GUAR¬ ANTEE A SAFE Eagle Pich Lead. .10 Evans Wall Lead--* 7% preferred—100 Federal Mining & Smelting com 10 7% preferredlOO Golden Cycle CorplO 13 85 125 3 a a Tr(Boston)100 9 5 12 Chic R ETrus's. 100 Kimball Bldg Tr 100 8 22 22 42 22 a 6c 30c 25* a 37/8 15* 95c" 3 a TjTBosy.lOO m Cent Bldg Tr...100 35^ 35c IB Gold"."."—lis 2 1 5« 2K Wright Hargreaves^ Yukon % 1351 123 Gold Min & M„1 Cusi Mexicans.. 50c Tunnel and Mines com..* .. 4 2$ 29 National • 25* So Am Gold & Plat.l Stand Sllver-Lead-1 43c IK 1 Clear Creek Cons— Preferred. .10c Gomo Mines 1 Consol Copper... 5 Cons Min & Smelt .5 _ 28 r 2I 3 5* Carnegie Metals 100 3 99 17 43 115 18 46 45 11 25* 3 25 33c 2 135* Central Am Mines. 1 Cerro de Pasco * 16 26 9 81 115* 35* 35* • Pocahontas.....* Teck-Hughes G M.l Tonopah Belmont.l Tonopah Mining—1 Union Copper Land 6 Mining 25 &Sull'nM&025* 10 7 48 36 20 8K 5 6c ; Butte Cop & Z Oo-o Butte & Sup —10 Callahan Zino-Lead Oo 1 Calumet & Hecla—5 100 1st M 6s Jan 1941 Wallace Mfg Co Ware Shoals Mfg 100 ... 7 5* 30 5 ing, Ltd ol* 90 11 Mining—25c 3c 115* Black Hawk 88 14 91 Polaris 18$ }15* Consol Mines—.1 Bulolo Gold Dredg¬ 81 12 86 25* 3m Chief Consol Min—1 Chile 72 2K 2c 65" 100 305* i8H 6c Bunker Hill 31" 17c 40C 295* 36 5* 63 80 98 72 73 50 37 39 55 285* 35c St 4c ..10 Bagdad Copper 35" 55c Roan Antelope Min Ltd Amer snares. St Anth Gold M—-1 10 58 75 95 67 67 45 2K 61K Quincy— 24 9 13c Premier Gold M Ariz Cornstock 1 Austin Silver Min—1 Backbone Gold——1 Woodside Cotton .20 103 50 73 87 Pond Creek 106 STOCKS Admiralty Alaska Gold Mining .1 Southern Franklin Process 106 Smelting—-1 $5 prior conv pf 25 AnacondaOopMin 50 Andes Copper M.20 100 Sibley Mfg (Ga).lOO Smyre (AM) Mfg 10 7% preferredSouthern Bleachery 100 12 55 . . 100 Mining 55 61 50 c MINING 101 95 85 29 2 Noranda Mines .* North Butte. 2.50 Ohio Copper of i Utah... il Old Dominion Co.25 Pacific Tin... * Park-Utah— Amer shs ctfs_.10 Pioneer Gold Ltd—1 Alaska Juneau Gold 32 9 28 ...... Nlpissing Mines...5 106 106 106 Altar Cons Mines. K Amer Zinc Lead & Riverdale Mills pref. Riverside & Dan Riv Common —25 18 10 70 5 60 _ 100 100 10 53 44 89 Preferred * Soule Mill (NB).100 100 20 37 81 100 7% preferred. .100 Perfection Spinning 125' w* - Enterprise— 17 50 7% preferred 40 106 Newmont Mining. 10 New River Co 100 Preferred-100 N Y & Honduras Rosario . Ask Per share 66 62 Consol Mines...1 46 Pacolet Mfg ft* 40 1? 78 * 105 70 150 45 1937. 9 Bid Par Patino Mines & 43 8 Norris Cot Mills Orr Cot Mills—.100 Nat Yarn Mills 75* Pickens Cot Mills Piedmont Mfg 20 M—.100 96" Newberry O M—100 8 37 35 7f 4 Musgrove Cotton Saratoga Victory Mills common...* Wamsutta 75* Mills— 6% preferred..... 52 20 18 15 Hanover 6 108 7% preferred 10, 28 18 48 Powdrell & Alexander common 10 ;98* 140 MARINE IN SUE ANCE SCRIP Atlantic Mutual— 1933—— 96 7% preferred 10 Preferred 100 Penmans Ltd com.* Preferred.100 Wabasso Cotton * 96" Florence Mills preferred...1 Nonquitt M (N B)_* Pepperell Mfg...100 Pierce Mfg 100 Pilgrim Mills 100 Plymouth Cord—100 55 20 26 2nd Pacific Mills 63 22 K General Prior preferred Hathaway Mfg..100 Kilburn M (N B)_75 Luther Mfg 100 16 Stocks Ask Per share Canadian Mills 110 Serial notes Flint Mfg Oo 10 Preferred..—.100 29 25 56 Bid Par Can Converters. 100 Can Cottons Ltd 100 Preferred.. 100 Domin Text Ltd—.* Preferred 100 Montreal Cottons. Fairforest Finish Co 20 Cotton...* Qosnold M (N B)—* 305* 7 38 Dexdale HosieryPreferred. ...100 Draper Corp......* Farr Alpaca 100 Stocks 7? 34 Brighton Mills— Preferred. ....100 Charlton Mills.. 100 . 193546 Ask 109 20 62 100 Carpet common.* Preferred ...100 65 5 29 100 Spinning Co * New preferred...* Pref unassented.* Bigelow-Sanford (Baltimore). 20 7% preferred Durham Hosiery Northern Mills t. 20 Dunean Mills TEXTILE Preferred Berkshire Fine Bid Per share Per share Algonquin Print. 100 American Mfg..100 5% Preferred-100 Amoskeag Mfg....* Arlington Mills..100 Barnard Mfg—.100 Beacon Mfg 100 possible for the closing day of the month preceding the date of Issue 7 s "I 8 K K Jcx-ciividend. MARCH, 1938] INDUSTRIAL Quotations for all securities Stocks Par Bid Ask & are as near as Stocks Par MISCELLANEOUS Ask Bid share Air Reduc'n ♦ Stocks ar 30 AlbertarPacific Preferred 50 Am Internat Corp.* Amer-La France & Foamite Corp 10 Warrants Am Laund Mach_20 17 Atlas Grain class A * Preferred 100 Alexander Dept Stsl Alexander Hamilton Amer Locomotive.* 7 % preferred-.100 22% 65% Conv preferred .20 Atlas Powder * Amer Mach & Fdy. * Am Mach & Met..* 52% Air-Way Electric Appliance Albany Packing. 100 Preferred 100 Alberene Stone of Va 6 Inst common. Algoma 14 Steel com.* Preferred Allegheny Steel Allendale Am Maize Prod Amer Maracalbo Amer Metal Co * 8% preferred.. 100 58 * Brewing Corp . Dye * common • Allied Mills Inc * Allied Paper Mills.l Allied Prod (Mich) cl A conv com..25 9% 9 13% 2% 6% preferred..100 Amal Leather 1 6% conv pref..50 Amalg Sugar ...1 5% preferred—10 Amerada Corp * Amer Agrlci Chem(Delaware) * Amer Air Lines..-10 American Arch * Am Bakeries pref 100 Class A * Class B * Am Bank Note 14% 7% preferred. .100 _ 10 6% preferred 50 Bamberg com-* 35 6% Preferred 100 Am Beverage Corp. 1 7% preferred 5 American Book.-100 5% % conv pf.100 American Can 25 7% preferred ..100 Amer 88 American Stores * American Stove * Amer Sugar Ref.100 §P 99% 2% 19% 2% 6% 70% 7% preferred. .100 Am Sumatra Tob__* Amer Thermos A Preferred 50 Amer Thread pref. 5 Am Tobacco coni_25 Common B 25 28 99 l°8* *8 54 9% 40 122 100 25 *!* Amer Commercial Alcohol com—20 Am Crystal Sugar 10 86% Jan. 17 Class B 20 26 5% preferred 10 12% Tiling Co 1 Amer Equities Co. .1 Amer Express—100 Am Fabrics, pref 100 Amer Felt common * 41 46% "5% 5% Class A Common Preferred 5 125 18 21% 58% Am Furniture... Am Hair & Felt 1 * 1st preferred-. 100 2d preferred..100 67 8% preferred--100 6% preferred 50 Home Prod—1 Amer Hosiery 25 . Amer Amer Ice Co 46* 2 13% ?8 6% non-cum pflOO * 6 10 ; 18% 15 1% 2% 29 8% 15% 9 30 Arundel r 1 6% 1st pref—.100 7% 2d pref... 100 Assoc El Indus Ltd Am dep rets ord registered ___£l 30 12% 115 Jan 22 At Nov 12 12 Rayon.* Athey Truss Wheel 4 4 Atl Coast Fisheries.* "4% 4 4% 5% 45 22 8 23 1% 102% 7% 10% 14 1% 109 8 11% 15 .._.* * 50 * n Nominal, r Canadian price, x 18% 52% 10% 7 19 "7% 1 8% 9 8 $5 preferred * 54 58 Buckeye Pipe L..50 Buckeye Steel Cast * Bucyrus-Erie Co-.5 7% cum pref. .100 Bucyrus-Monlghan 37% 39 18 Class A common.* 29% Buda Co 17 8% 77 100 com 7 Mfg..* 5% 47% 4% Wheel * 7% preferred-.100 19% 29% 7% 1% * com 10 * com Conv preferred--* k Warrants k Burd Piston Ring-.l Burdines Inc Preferred 1 * 7% 5% 47% 4% 90 * Bulova Watch m 80 32 20" 30% 10 Oct25! % Oct 23 5 4% 4% 6% 42 Burma Corp Ltd— Am dep receipts. _ Burns Bros * 2% 1% 1 18% Biscuit_12%c 2% 2% 45 com 1% Burroughs Adding Machine 75 85 Burry Bush Term Co 3% 27% 38% 4 4% 32 39% 6 27 5* 6 10 10 ill* 19% 13* !!* t New stock. * 7% pref ctfs.. 100 Butler Bros 5% 2 40 com 7% debenture.100 Bush Term Bldgs conv 10 pref. .30 Butterick PubUs Preferred 5% Ex-dividend, * Collender Burco Inc 4% 1% * 9% 2% 10 * Bunte Bros 33 Black&Decker Mfg * Blauner's com * iS* 40* 5 2% 12% 5 38 Bruck Silk Mills 12% 9% 3% __* Bullard Co 9% 30% * 17 51 -* * 5 ...1 7 * 55 Fdy & Mach com * k Last sale, 2% 1 52% 96 Birtman Elec Co.-5 Without par value, 3 * Rubber....1 49 Birdsboro Steel * 27 1 common Budd 65 $3 Preferred 3 26 7 % preferred. -100 50 5% preferred...20 7% preferred-.100 B/G Foods Inc * 7 % preferred- -100 Preferred 20c 4 * Distillery Budd (E G) 4% 3% 57% 15% 94% Bing & Bing Binks Mfg 1% * Brunswick-Balke- Limestone Inc Preferred _ 27 Bruce (E L) Co 106% 5 % Bickfords 21% 21* 27 Brown Fence & Wire Brown Shoe Billings & Spen_._25 10% 31% 19% 26% 26% 100 15% * Beth Fdy & Mach.* 68% common. Brown 12 * Preferred Beth Steel (Del) 55 * k 94% % * 7% preferred--100 110% 7% 60 36 20 Brown Co 6% pf.100 Purchase warrants b, Assoc Laundries—_* k 16 niture common-.1 Preferred Best & Co 50 Brockway Motor— Truck 2 30% * 20 5 6 Cement com..* 10 110% 6% Bessemer Coupon 3% 23 ^ Class A pref .50 50 common ii 34 5 21 Berghoff Brewing-. 1 Berkey & Gay Fur¬ 15% Bristol-Myers 12 conv Borland Shoe St * * k 19 Beneficial Loan Soc * Benson & Hedges..* Conv pref * 39 29 80 9% 8% 9y 28% Oct. 23 British Celanese Ltd Amer dep rets. 10s 4% Dec 60 6% 21 25 25 Bristol Brass.. 6% 2 Preferred 6 Asbestos Mfg com.l Preferred 1 Ashland Oil & Ref.l Asroc Brew (Can).* r 10 25 5% 7 Forman w_* Bender Body com 5 Class A Brinks, Inc 10% 5% r iin 3% 1% * Brown Bendix Aviation 5 Beneficial Industrial Loan Corp class A-.* Class B 7% preferred. .100 Brillo Mfg * 20 common..25 Beatrice Cream. .25 Preferred 3% 2% 12 B * 100 Common 7 Class 17 Bell Aircraft 1 Bellanca Aircraft.. 1 Belmont Radio * Belt RR & Stk Yds 8 1% 13% 23% 29% Registered * Brit-Amer Tob reg£l Ordinary bearer £1 & Cadwell 50 33 85 Briggs Mfg * Briggs & Stratton__* Bright Star Elec— 20 Preferred Bayuk Cigars.. 7% 1st pref 33% 20 27 Brit-Amer Oil Ltd— 6 32 18% 8% 9% 100 Durrell _ 45% 29 "4% Bridgeport Brass. _* Bridgeport Mach--* Brown Belding Hem'way. * Belden Mfg com. .10 A* Common. * 1st preferred. .100 2d 96 pref_20 Beech Aircraft 1 Beech-Nut Pack. .20 ■'4& pref..* 16% 94% Beaunit Mills Inc.10 120 cum Preferred 5% preferred..100 Bay State Fishing.* $1% 4 Bower Roll B'r'g--5 Bowman Biltmore Bondholders A.65 Bowm Bilt Hotels— Brill * k 1st preferred--100 2d preferred--100 3% $2.75 •::> 1 2 * Brewster Aeronaut! 1 2% 8% l & Paper A w % 10 Bourjois, Inc 8 Bathurst Power $5 preferred 1% 20 1% 100 Bearings Co (Am).* 15" c common 13 Mfg 77 7% preferred. .100 Art Metal Constr.10 Art Metal Works 5 V t Bates Mfg Bath Iron Wks Beaton * 5 Mills A Preferred Brager Eisenberg—1 Breeze Corp 1 Brewers & Distillers5 3% * 7% preferred..100 5f* Common...... Botany Worsted Preferred * Bausch & Lomb Optical com 4% Associated Bros Baumann (Lud) 18 113 32 8* 106% 110 50 1st preferred.. 100 "6% 42 22 10% 11% 1% 19% 19 Bradley Knitting— "6% 3l% A preferred * Brach (E J) & Sons * 35* 5%% pref -.50 Barlow & Seelig cl A5 5% Class 2 7% 18 11 Botany Consol Mills 2 Bastian-Blessing •__* * 15" 45 102 24% 19 17" 1 com Warrants Elec.10 .... 9% J* 67 11 ...» - Steel 6 Arrow Aircraft-.—1 7 % preferred 94 1% 1 Bancroft (J) & Sons* Preferred 100 Bankers Industrial— Service cl A * Barber Co Inc 10 Barber (W H) Co.. 1 Barker Works Assoc Dry G'ds 7% 17% 1 % 100 18 24% 10% 4% 5 1 5% preferred.30 Aro Equipt Corp—l Amer Hard Rubb_50 Amer Hardware..25 Am-Hawaiian S3.10 Am Hide & Leath..* 19% 7% 7% 20% 2% 3% 18% 7% 6 3% 50 pref..* 7% preferred..100 Armstrong Cork * Armstrong Rubb A* Arnold. Constable.5 Corp Boston Woven Hose 6 Rubber com. Borne Preferred 17% 100 Bardstown Distill__1 Barium Stainless 139% 15 Borg-Warner Corp_5 Scrymser—25 Boston Herald Traveler Corp * % £» J* Baldwin Rubber Arrow Hart— Am Fruit Growers.* Preferred 50 88 38% 117% i\H 44% 12% 18% 7% 30 14% 62 30% 2% 86 5 New warrants 29 40 29% 44% 12% Borden Co 100 18% 17% 7% Common B Bond Stores com 1% 7% pref. 7% pref new 14 18 ib" 9% 7% 17 17 7 13 for i?* II* 28 1% com c 13% 15 6 V t 13% 46 1** J* 90 * _ Ask share 26% Bartgis Bros com__l 6% conv pref. .25 Basic Dolomite 1 10l% Bid Bohn Alum & Br--5 Bon Ami com A * 65 * Baker Chemical. . 1st preferred--100 17% 6% * - Boeing Airplane 5 Bohack (H C) com.* Bohack Realty pflOO 35" 17 * conv pr Hegeman Backstay Welt Badger Paper Mills . Blumenthal (S) com* 7 % preferred 100 6% 17 39 * 7% guar pref. .100 Armour & Co (111)— Common 5 Artloom Corp Aviation Corp(Del)3 Axton-Fish Tob A 10 Class B 10 Preferred 100 Babcock & Wilcox.* Bliss & Laughlln. Bloomlngdale Bros.* 4* 9% 15% % 4% 4% 32% 3% 1% Arcturus Rad Tube * Argo Oil 10 Armour & Co of Del Socket com * Amer Fork & Hoe..* Preferred 100 5 25 w Com assented-. 26 Preferred 100 Amer Forging'.and 6% pref w Warrants 47* 119 60 * conv pref. _* Print Common Avery (B F) & Sons conv pf new 25 6 25 com 6% * 1 common 4 52 * Arnold 18 Barnsdall Oil. 5 Barnsdall Refining. 1 3% 44% $6 A 1% 10 45% 115% New 5 % conv pf new 25 110 106% 1% 5 Automat Vot Mach * Automatic Washer— Common 3 Automobile Banking $1.50 conv pref 25 Blaw-Knox Co Bliss (E W) Co- 7 12% 23% 15 7% preferred.. 100 Amer Wringer.. * Amer Writing Pap_* $6% $5 cum prior A..* Autocar com 10 6% preferred.. 100 Automatic Instru¬ 6 10% _ * Par Per T* 100 Anaconda Wire 6 Cable com Anchor Hocking Glass common Auburn Automob.I* Austin Nich & Co..* Preferred ..100 Baldw Loco Wks_ * 14% 100 Am Woolen Co pref—100 Tack * Balaban & Katz._25 50 9 4% 6% conv 11% 134 13% 27% 112% 16% 20% 54% Atlas * 29 W* 29 Archer-Dan-Midl'd * 7% preferred..100 100 Amer Distilling pf 10 Amer Encaustic %% 20% mann Corp 1 Anheuser Busch._20 Antllla Sugar 100 Apex Elec Mfg * Appleton Co— 7% preferred.. 100 Applied Arts 1 Appollo Steel 10 Apponaug Co * APW Paper * Amer Cigarette & 6% 1st pref...100 Am Cyanamid A. 10 8% Angostura-W upper- * 5% preferred.. 100 "8% 20 74 66% 138% Anchor P & Fence.* Andian Nat Corp..* 5% preferred—100 Amer Coal (N J)__25 Amer Colortype__10 } 164% 64% Am 89% 165 Am Chain & Cable.* Cigar Co 13 13% 49% 124% 50% 5% Plywood Class Preferred * Amer Wind Glass— Amer Carmel 100 Preferred 100 Amer Centrifugal-.1 Preferred 2 36* Am Vitrified Prod.* 30 17 15 54 11% Canadian Chicle 14% 29% * 6% preferred.. 100 Transformer. 10 Am Type Found. .10 7% preferred. .100 62 Properties * Am Car & Fdy * 7% preferred-.100 Amer pflOO Am Steel F'dries Amer Box(Board..l A.Brake Sh & Fdy— ,__* Snuff. .25 non-cum 83 Am Common Sanitary...* 7% cum pref 100 Am Republics com 10 Amer Rolling Mill 25 4% % conv pf 100 Am Safety Razor American 6% preferred..100 Alum Goods Mfg..* Aluminum Indus..* Aluminum Ltd * .50 % , pflOO Atlantic Refining 25 4% conv pref. 100 Atlas Brewing ..1 Atlas Pipeline * ment common 3 14' * non-cum Automatic Prod 5 Automatic Refrig.10 _ Altorfer Bros— Conv preferred..* Aluminum Co com.* - n* 9% 24 * Common 18.50 American Screw. 100 American Seal cone. Amer Seal-Kap ..2 Amer Seating * Amer Ship Build..* Am Smelt & Refg. * 16 Common 10 Allied Stores Corp.* 5%preferred. .100 Allis-Chalmers Mfg Common * Alloy Cast Steel...* Alpha Portl Cem..* 6% preferred Stand 168 Allied Kid Co com. 5 Allied Laboratories * 28% 108 .5 50 Am Potash & Chem * Amer Radiator & 35c 1 & 25% 4 Amer Pneu Serv 7% 1st pref & Distilling Co Allied Chem 115 Class A Class B Alliance Realty....5 Preferred 100 Allied 34 Optical * Preferred 100 American Piano- 8% 10 Alles & Fisher P 14% 1 Amer 18 en Altentown Portland pref 1% * 16% American Meter 8% American News Co * * * J13.60 Preferred..* Industries 1 Cement 5 * Atl Gulf & Wind SS Lines 5% 7% 6% convpref_. 100 W- 100 Corp 2% * Stocks Ask Per share 79 Vot trust ctfs Bid share Amer I G Chem A.* Amer Insulator * com 85 STOCKS possible for the closing day of the month preceding the date of Issue * 50 Byers (A M) com...* 7% part pref. .100 Byers Machine * Byllesby class A * Class B-4. * Preferred.,^.. » 2H 9 14 8% 21% 2* 10 31% 4% 5% 15 21* 3* 35* 6 * HJSTRIAL Stocks as month preceding the date of issue possible for the closing day of the Bid Par 18^ Hark Controller... 1 Hark (D L) Co 31ark Equip Co—* Preferred 100 22 22 llaude Neon Lt 50 18 % 1% 55 141 Cleveland 4 llayton & Lambert ♦ k Cleveland Graphite Bronze 4J 95 22 % 1 com 11 L055 18] 16 Mach com......4 8 4% 15% . J* 29% Dlover Val'y * 68 Preferred A □lub Aluminum Utensil com. 21] □luett 11 36 Pea body » 7 % preferred-. 100 23 □oca-Cola Co * Class A * □oca-Cola Intern. _• □oleman Lamp & Stove common..* 1% , 15 Crown 12^ Peet common * 6% preferred 100 □ollins & Aikman..* 19 105 5% preferred. .100 □ollins Co 100 4 4 Wire common * □olonial Beacon Oil * 91 94 23% 245- Crown Zellerbach__5 93 94 115 125 $5 conv pref Crucible Steel 10 90 9 80 □ol Fuel & Iron Warrants • 68 □olt's Patent Fire Arms Mfg 25 if □olumbia Baking. _* Preferred r 3% 3% 15% 5% 3% 4% 16% 58 60 6 6 17 29. 4 11: 93 109 $2.75 pref--* conv □olum Carbon v t c * 2 49 4% 72 Oompo 21 63 4 Dist-.l coco 67 Conde 24 15% 1 13 4 50 8 3 7 7 3 5 106 7 30 15 Pub--* Consol Aircraft $3 1 40 120 if! 16 100. Consolidated Oil 51 111 66 3: 3; rcii * * 72 9% 4 16% 16% 90 1% 6 Co common..20 6% 14 13% 30 26% 105% Feb. 2 2% 6 6% 49 46 y Eason 17 18" 15 25 Footwear. 1 East Mall'ble Iron25 24 5% * com Gilbert Corp Delay Stores: 20 6% 17 12% 8% 1% 15% 10 * 1% 17 3% Mach Class 3 5% 3% 20 6% * 6% preferred.. 100 Easy Washing 23 9* 18 17 Preferred 155% 166 4 com B Eaton Mfg Co 12% 6 8 Dennison 90 5% 21 13% 6% 9% 4 3% 17% 6% 25 1% 1% $1 Preferred * Detroit Compensat'g 58 Axle Corp com.-l 3 Det Gasket & Mfg— Common 1 6% preferred 20 Detroit Gray Iron & Foundry com 1 Continental Can..20 $4 50 preferred..* Detroit Mich Stove 1 Detroit Harvester. 1 Detroit Paper Prod 1 Detroit Steel Prod.* Detroit Sulphite-.10 Mot-.l (Del)...6 (Mex).--l Cont'l Roll & Steel ' 10 Radio & Television .1 Devoe & Raynolds— Cont Steel Corp.. .* Preferred 100 Class A (non-vot)* Common B * Converse Rubber..* 2d preferred Cont Screw com.. 10 Devonian 33 Oil Common Dexter Co 100 10 . * com. ...5 Diamond Match preferred * Cooper Bessemer.. 1 $3 prior pref * Copperweld Steel. 10 Cord Corp 5 $4 * 6% part pref 25 Diamond Shoe....* 6%% pf (ww) 100 Diamond T Motor □ornell-Dubilier 3 Feb. 17 x Ex-dividend. 100 Eitingon Schild * Th 1 Electric Auto-Lite. 5 Electric Boat 3 Elec Ferries com » 6% preferred.. 100 8% preferred..100 Household Util Corp ...5 Elec & Musical Indus Am shs 10 1% 2% 2 9 9% 3% 14 Electric Products-.* 3% 20% 1% 5c Eisler Elec Corp I Eisemann Magneto * 19% 8% 37 36 Electric 8% 12% Elec Shovel Coal Partic pref 3 21 * * Elec Stor Battery * Elec Vacuum Clean* Electrol Inc v t c -.1 3% 39* 6* io* 1% Electrographic Corp Common 3 3% 1 Electrolux Corp Elgin N Watch 38 37 114 39 — 19% u 12% — — 14 — Ely Walker D G..25 26% 35% 15% 4% 26% 36 17% 98 6% * Without par value. T" 10% rl3% 21 % 1% 19 1st preferred.. 100 preferred-.100 93" ~ Emerson Drug. .2 % Class B 2% Elec new_4 19% 19% 4% Empire Sheet A Tinplate * mployers' Group Associates » 18% 2d 4 1 15 Elk Horn Coal Corp* 6 %non-cum pref50 40 4% Elec Corp com.-l f New stock, 56% Dewey&Alrhy Ghem Special preferred.* Cook P't & Vara..* 39 Sterilizer Detrola 100 5% preferred...50 Educational Pictures Common 1 Electrical Steam partic pref 50 Container Corp 20 Continental Baking 54% 2% 18% 12 Preferred lo 7% preferred..100 13 2 Warrants 95 Mfg— Class A c Han price $2 conv pref* Eastern Sugar Assoc Common 9 73 1 Electric-.2.50 De Mets Inc pref..* A partiC--50 B partic— * Preferred Eastern Roll Mill..5 Eastern Steamship.* Common. Delta C--100 Preferred * Eastern Mfg com..* Preferred * 105 Cont'l Oil 8% 13" Eastern 18 35 100 Cont'l Oil 6% 10 1 35c 1.10 East Dairies Ltd 15 100 28 C0..1O East Boston 8 7% 9% 21% 2% 134 113% 12% 1 1 8% preferred.. 100 Dentists' (The) Supply com 10 Derby O & Ref com * Continental Oil Eastman Kodak 35 118 $1.50 conv pref_20 ^4 22 108 * com 6% preferred..100 54 35 V t Class B Duro-Test Corp 1 Duval Texas Sulpha 52% 22% 30 c Duquesne Brewing. 5 Durham Hosiery— 1?* Del Rayon A com. 15 Preferred 100 Warrants c 100 pref. Dwight Mfg 15 Eagle (C K) pref 100 Eagle Lock 25 Deisel-W emmer * Consolidation Coal Common v t C--25 V t V t cum % 18* Edison Bros Stores— Steel v t deb n-v Economy Groc Sts_* Eddy Paper * 8% preferred-.100 Royal Oil .10 5% pref Dunhill lnternat'1.1 Duplan Silk * 8% cum pref. .100 DuPont (EI) deN $4.50 Dailey Corp 1 Darby Petroleum. .5 Daro Corp 8% pf 100 104 * 7% 16% * ' 68 43, 18* 20* Bradstreet Corp.* $6 preferred * Dundee Textile * 10% 5 4 Dubilier Condenser * Dun (R G)— 5 «. 100 Dryden Paper % 3% 76 Ourtlss Wright, Corpl Class A 1 Cushman's Sons— Hammer Preferred 12 % 2% 4% 23 $5 cum div pref.* Consol Retail Sts-.l Preferred 53! 121 part conv n-c A.* Class B * 23% □ont Diam'd Fibre.5 3l; % 114% Dresser (S R) Mfg 21 8% preferred.. 100 10 16 75 106 100 18 * LOO .* $7 preferred 7% preferred * 81 11% Preferred * 22 A 64; 11 68 Drug..— 23% Class B 42 18 * 5 % preferred ..... Dow 1% Deere & Co Cons Mach Tool uts. Class 3li 16 Dow Chem com 37 Deep Rock Oil & Ref 7% pf-lOOj 58 121 33 * 22 102 6 % % prefeiTed 100 Preferred Consumers Co of 111 10 34% 31% 1% 5 preferred Consol Textile 29 106 2 % Class A pf..* Cons Laundries Consolidated 17 % Common Consol 7 100 Decker(A)& Cohn 10 Cons Film Indus. .1 cum part Douglas Shoe pf.100 Dayton Rubber Mf| Cigar Corp..* 6%% Prior pf-100 7% preferred-100 7% 40 34% Diatil.. Chemical. 1 Warrants pref Biscuit Cons $2 Tobacco Davison * 1 Consol Oar Heat. 100 conv Consol Cuban Darling Stores Corp $2 partic pref * Davega Sts Corp. .5 5% conv pref..25 Davenport Hos'y..* Oongoleum-Nalrn. Oongress Cigar * 27 10 7% preferred. .100 Cuban Atl Sugar— Common 10 Cutler 5 new Nast Cuban-Am Sug % 10 34 1 Cuban Am Mangan 2 14 Doubleday Doran.* Douglas Aircraft..* 8 * 145 5 11 7% cum pref. .100 •$8 cum pref 8% % 25 Stores..* Coal B 23 —.10 Preferred l56" Dominion Steel & Driver Harris Co 100 Ouneo Press 14% "3% Dri Steam Valve..5 Curtis Lighting Curtis Publish Compressed Indus Gases 21 Dardelet Thr'dlock * 1 t c ext v 3% r Dominion Glass. 100 Preferred 100 90 69% Shoe— Mach 31% 30 25% 29% preference.* Dominion Bdge.100 Dominican Coal pf 25 36% If* 34 H 16 Finance— 83 67 12 V 9^ 110 8% preferred —10 Cunningham Drug 1 Solvents..* sz 78 8% 19 See Invest Trusts Com "wealth Cum Cummins See Invest Trusts □omm'l Domestic 7 3 □omm'l Invest Trust 16 25% 29 Commercial Credit 99 25% 6% 35% 13% 33% * $2 preferred 24 * 100 Stores com * com 19% (Jacob) Pkg— 6%% pref 100 25 * □olumbus AutoParts Doehler Die Cast..* 5% Preferred .100 Oudahy Pack 50 CO □olumbia Pictures— Vot tr ctfs com * 21% 19 13 Hrl 0 0 Class B 2\ □olumbia O&G— * 29% 10% 7% preferred.. 100 Crystal Oil Ref— Preferred. B'castlni Sys Inc class A 2 \ Dodge Mfg 14% 4 □olumbia 23 96 Dominion $2.25 pref w w._* Preferred x-w * 15% 10% 27% Dobeckum Co com.l Dr Pepper Co * 4% Crown Drug com..* Preferred 50 37 44 Dixon (J) Cruc--100 1 24 10 13% 20% A 2% Dold (Md) Cuba Co Development Ordinary shares 6% conv pref 3 15% 30% * ...* 21 28 olon .... 93% 92- Ooliyer Insulated 9 27 26% Colgate-Palmollve31 Class Crown Cork Int A_* Crown C'k & Seal.* 900 Common 12 Central Petroleum 14% 71% Divco-Twin Truck. 1 Jan. 1% % Crowley Milner * Prior Preferred.50 79 24% Seagrams Ltd * 6% pref w W-.100 Distillers Liquors..5 11% 12 100 Preferred 116 130 Dixie-Vortex Co— 5 Crocker-Wheeler --* Croft Brewing 1 Crosley Radio * Orowell Publish*g..* 17 * 101 104 2 4 Creole Petrol 100 □oca-Cola Bottling of New York * 19 Discount Corp (NY) Distillers Co Ltd.£1 Distillers Corp- 70 10 2% Dictograph Prod.-2 "2% 6?g 117 100 Preferred 64% 2% Cream or Wheat Stocks trust ctfs.* Lumber 33% Dictaphone Corp..* 164 5% conv pf 100 Creamery Package * 38% Dlorex Chemical 3 * Dlinchfield Coal.100 Preferred 100 69 105 63% Ooty Inc * Oourtaulds Ltd— Am deprcts ord£l Covered Wagon Co $1.50 conv cl A.20 Cramp (W) & SnslOO Crane Co com 25 8% 5% Common.... _._* lliffs Corp v t c. * Ulimax Molyb¬ denum Co ' 108 101 Warrants..—.— Hobbing Heve Tractor * llev Un Stk Yds..* lleve Worated Mills 46 Per share 103 Corning Glass Wk 10 Preferred 100 Corn Prod Refg--25 7 % preferred- -100 Oorroon & Rey'ds.* $6 conv A pref..* Cosden Petroleum. 1 5% conv pref-.50 90 1 Bid Par Per share *18 * Stocks Ask Bid Par Stocks Ask Per ire STOCKS MISCELLANEOUS & securities are as near __nerson ...... 5 35% s & industrial march, 1938] Quotations for all securities are as near as Stocks Ask Par Stocks Par 2 3 Transportation. .5 Baking—.5 $8 1st pref * General Box Oorp.l 42 43 Engineering'comll Eureka Vac Clean.5 Evans Products 5 Ever Plastics Corp— Ex-Cell-0 A & T---3 Exch Buffet Corp..* Fafnir Bearing-. 25 General Cable General Bronze-...5 * * 7% preferred--100 Class A Gen Candy A—..5 General Carpet 1 Gen Cigar common * - 35* 50 7% preferred-.100 7 % preferred- -100 Gen Crude Oil--2% 1 Fair (The) Chicago * General Electric—* 25 65* 8% preferred- 100 Fairbanks Morse 6% preferred--100 Fairchild Aviation. 1 Fairchild Eng & Aerl Fajardo Sugar 20 Faistaff Brewery--1 Common 7% r 6% 3% 35 205* 15% 52 56 pref--100 * 6% .* * Gen Rayon A stk—* Gen Ry Signal * 6 % preferred -100 $6 preferred - Refractories--* Gen Steel Casting— Common * pref * Gen Theat Equipt— conv 91 34 9 7% 66 pref A100 k Giant Portland— Cement com Preferred * Gilbert (AO) Preferred * 28 Florsheim Shoe com* Flour Mills of Am. 5 ♦ li* 24 5% 5 Gilchrist Co. * 5 6% Gillette Saf Razor.* (L H) Bros --* $6 preferred * Gleaner Harvester.* Glen Alden Coal—* Glidden Co * 59 4% 8% 51 15% 55 225 Foreign shs A—* 78 Co—1 Gobel (Adolf) 2% Fox (Peter) Brew—5 F-R Publishing-—-* 26 _ Preferred 1 * 50 Worsted .50 35 11* it* 30% 71 26 Freeport Sulphur .10 6% conv pref-100 French Investing. _* G ossard Gotham 103% iJ* 100 Froedtert Grain & 8% 16% 1 15 22% 65 com 53% A. * $3 pref with war.* Gorham Mfg v t c_* * (H W) is 8 Silk Hosiery com * 7 % preferred _ 100 Gould Coupler A--* _ Graham-Paige Mot 1 Grand Nat Films. .1 4 55 2% 1% Fruehauf Trailer..1 Fuhrman & Schmidt 9 Grand Rapids Brassl Preferred 5 Vara.* 8* Brewing com 1 Fuller (G A) Co— 50c Grand Union ctfs-.l 1% Grand S3 T) com. 10 5% preferred—20 Graton & Knight. .* Grant (W 4% conv pref. 100 prior pref.* 100 Preferred 2d preferred----* Fuller Mfg com 1 Gabriel Co cl A—* Galr (Robert) com_l $1.80 prior pref._* Gray Telephone Pay Station 10 Gallager&BurtonA 1 10 com Gt Atl & Pac $3 Preferred —* & $6 conv pref----* * 89 Garlock Pack * Gar Wood Indust—3 40 llH 6% 14% Garylod Container. 5 48 18 II* 4% 8* 5% 46% 123% Dock corn—-* Great Lakes SS $6 conv pref * Gardner-Denver—* $3 conv pref—20 Kilburn— Preferred 100 Hall Lamp com * $6 preferred 100 Paper Hammermill 10 Common cum nref.-lOO Hammond Instrum't $5 cum pref Harbisonl-Walker * 6% preferred--100 Harrisburg Steel---5 Harris Seybold 100 Hartman Tob 10 Harvard Brew 1 Hat Corp class A..1 Class B n-v 1 6 % % pref w w 100 Accept'ce Corp Class A 5 * Great Nor Pap 25 Great West Sugar. .* 7% preferred.. 100 Greenfld T'p & Die* 1.50 preferred. * §6 preferred--100 . * % preferred. 10 »core Registered sharesImperial Tobacco 12 of Canada com.-5 4% 17% 95% 41 17 H ¥' 75* Prod-25c Group No. 1 Oil...* Group No. 2 Oil 1 27% 100 6% il* 99% Without par value, a Called Mar. 15 at 103. k Last sale, !s 75* Feb. 16 19 38 14% 14% 35% 365* 24 29% f 104 75* Am dep rets ord £1 Independent 25% Pneum Tool Indiana Gas Ac Chem Common 5 $3 pref * Indiana Limestone. 1 15* 23 2% 25 27 28 95 Indian Motocycle..* Preferred 10 5% 22 Tndiana Pipe Line 50 Indian Refining. .10 75* 8 Indiana Steel Prod.l Indian Terr Ilium Oil non-vot A * 4% 5% 1% 1% 18 21% 125% 128 8% 50 6% 9% 60 % % 6% 3% 60 1 1 4% 77% 4 2% 15% 5% 26% 34 15% 16 7 7% 8 25 25 7% non-cumpflOO Oil 1 Hendey Mach * Steel * Interchemical Corp * 6 % preferred. -100 Interlake Iron * Int. Agricultural..* 7% prior pref. 100 Sewing 6% w__25 Ingersoll Rand * 6% preferred—100 Inland Mach—10 Int Cigar Mach Int Harvester * Preferred xw Helme G W) Machine-.—i Industrial Rayon. .* Industrial Silica—.* Int Business Mach. * Internat Button Hole 6 45* * (W E) com.2 10 10 2d preferred Intercont Rubber..* 98% 165* 95 5% 3% $3 pref 38% Indus Finance vtc 10 Preferred 100 Indus 7 Helena Rub'stein..* A * - 1st pref 75* 6 Parts Corp com.3 B Cum pref 100 Indus Brown Hoist— 210 15* 60 Class 6% 13 Indus Accep Corp 7 7% preferred. * * . 100 International Realization 6 20 18% 91% 148 40c 8% £1 Int Mercan Mar * Internat'l Metal ~8~~ 26% 21 Int Nickel 50% (Can) * 7% cum pref. .100 Int Pap & Pow A—* — Class B O 132 -.* Class 96 150 5 Oct. Industries cl A__* 7 55* Match * New common._15 50c 85* New 5% pref. .100 Warrants 7% preferred-.100 Royalties 1 15 16* Int * Powder__* 56 57 Internat Pulp Hercules Motors 6% preferred--100 Herr-Hall-Marv 127% 128 100 Preferred Petrol * Internat Prod * * Preferred 4 14% lOO" 100 ! Internat Radio Int Safety Razor B_* Internat Salt * 100 96 Hershey Chocolate.* 43 51 * 5 91 92% 8% Hevden Ghemical.lO Heywood-Wakefield 25 Common Hibbard Spencer 36 38 Internat Shoe.. * Internat Silver.-100 7 % preferred—100 Int Text Book * 14 16 Int Vitamin Corp..* Interstate Bakeries* 41% 45 Interstate Dept St's* $4 conv pref Hewitt Rubber Hilton-Davis II* Hinde& Dauch 65* 6 % % preferred- Chem Common —1 _ * 7% preferred—100 15% Interstate Home— 24 25 10 19 20 pref—100 Hires (C E) Co A—* 82 86 Equipment 1 Interstate Hos'y * Intertype Corp * 8% 1st pref.-.100 $1% $5 preferred. .5 conv Class B * .... Hoe (R) class A..10 Prior pref -.65 7% preferred—.21 Common * Hollander (A)& Son 5 Holland Furnace. 1 _ $5 pref.._ Holophane Co 16" 9 20 Iron Fireman vtc__* 11% 23 9 ?% 1% 9 8% 21% * 22 105 14 16 _* 31 Holly Sug Co * 7% Preferred-.100 Holt (H) & Co A..* 102 18 Irving Air Chute.__1 Irving (John) Shoe.l Preferred w w_.25 Jacobs (F L) Co 1 Jarvis (W H» Co Jeannette Glass 99 conv Preferred 14% 1 * Jefferson Electric. _* Jefferson Lake Oil % Preferred 18% 6 10 Jenkins Bros Jewel Tea 25 __* Johns-Man ville Hooker Electro _* 7% preferred—100 Chemical com. 100 Preferred lOO Hooven&Allison . 100 80 77 Horn (A C) com——1 Prior preferred-_5 Horn Hard't(NY) 5% preferred..100 80 95 Horder's Inc com—* Hormel & Co com--* Johnson Educat Bisc Class A Johnson Oil Ref * 16% 17% 3% 45* 22% 100 18 5 6% 23% Jan. 21 H oudailie-Hershe y * Class B * Johnson Tin Foil & Metal 100 Jonas & Naumb'g2 % Jones & Laughlin Steel common. 100 7% preferred-.100 Joslyn Mfg & Supp.5 Julian & Kokenge—* 22% 95* 23% 9% Common 50% 52% 5% preferred--100 86 92 10 Kaufman 22% 2% 33% 65 23" KO Stk Yds Me. 100 Preferred 100 Katz Drug com 1 9% 20% 70 Household Finance Houston Oil Field Material com $1-50 conv 1 pref-20 Houston Oil (Tex) Vot tr ctfs 25 * 8 20 1st preferred..100 Common Fibre -5 Hunter Steel com..* 6% preferred 20 n Nominal, r Canadian price, St's 12.50 15% 3 80 12% Kefth-Albee-Orph 10% 8% 70 5 5% 1% 2 5 9 10 8% Humble Oil & Ref. Hummel-Ross 8% 68 (Harvey) .5 Dept Common Kaynee 10 Preferred----.100 Kayser (Jul) & Co.5 40 Howe Scale com Kalamazoo Stove & Furnace com—.10 7% conv pre* 100 (Geo C) Co— 7% preferred. .100 Keith Keller Dorian Color Film 20 Kelly SpringTld Tire Common —.5 Kellogg Co * 25" of Gt Brit & Irel'd 5% Hercules 2 Imperial Tobacco Motor Hudson Mot Car. Groc 7 29 7 % class A pref-25 Hecker Prod v t c__* Helleman Brewing-1 Helvetia 6% Imperial Oil Ltd—* 3% 2 5 Hubbell 5% preferred-20 Gen Alloys Co——* Preferred. .....10 7 20 pref.-50 Green (H L) Co—1 Common 5 2% 6% 10% * Common w £1 k Indus rets 50c America.. ._* Hazel-Atlas Glass.25 Hazeltine Corp * Hearns Dept Stores Preferred 10 8 28 Imperial Chemical 2 $7 conv pref Hayes Body.. Haytian Corp of Class 110 24 45 9 35c Hein-Werner 26 30 1% Class B conv 1% Illinois Brick—--10 Imco Partic Ltd—1 8% com $5 preferred 100 Harnischfeger Corp —10 Hart & Cooley 25 Hartf'd Rayon vtc.l Greyhound Corp— 50 Gen * com Preferred 12* 7 94 Hanna (M A) Refractories Ideal Cement iia 7H 7% prefunstpdlOO 7% prefstmpd 100 Elygrade Fooi Prod5 Hygrade Sylvan—* 6 %s conv pref—* 11 Mfg— Class A 100 Gr£at Lakes Dredge Houston* 1% Tea Non vot com Preferred Gannett Co Inc— Conv pf-»* cum conv Granite City St'l..* 1 $3 convertible—* Preferred Raps 100 Bart & Co com_25 ■_* 50 - Preferred Preferred Ask l\" 1 Common 7 Hale & 53* 86 265* Franklin Rayon—1 Franklin Ry Sup--* * com Canada Franklin Process—* 2X 6K $5 conv pref * Goodyear T & R of Gorham Inc Hajoca Corp-.—-* Hershey Creamery. * * * ....* Goebel Brewing Goldblatt Bros 4% 23% 4% Francisco Sugar—* 81* Sugar Class A 40% Hendrick Ranch --* Rubber ik* 22 5% 8 Goodyear Tire & * Fox Film class A—* 16 Globe Wernicke—* 1 * $5 preferred.—.* of Canada 55 7H Good Humor Corp Goodrich (B F) Foundation Co 5 8% 6 Good all $7 conv pref-—.* Foundation Co-—-1 IVA 41* Preferred- 6% Heller 36 Preferred Am dep rets Fort Pitt Brewing-1 Foster Wheeler--10 10% 4%% convpref 50 Globe Knitting—2% Class B 18% 18% _ pref-—-* $5 conv Gimbel Godchaux 5% * * Co. 6 3 Ford Motor France Galveston Gamewell 26 1 Gilmer & Alabaster Ltd-* 6% Gilbert-Varker Ford Mot of Can 100 Partic A* 10c 14% 7% ord._ Common 13 Jan. 25 41 m Preferred --100 Foote Burt com * Ford Motor Ltd— Malt common 12 18 105 24 Gypsum Lime Hathaway Bak A. 25% 14 96* 4%sconv pref. 100 Foote Bros Gear & Preferred 25 39 i Food Machinery-.10 Preferred 15* 24% 100 * Follansbee Steel- Class B 108 2 2?* ill 100 Class A. 9% 18 * Am dep rets 29 30c * * Follansbee Bros—* com 88 50 50 Giddings & Lewis. Mach 9 9% 15 Hearst Consol Pub 25 w 15 12% 5c Gibson Art D & D com-—-* New 1% 245* Genessee Brew A—1 Flintkote Co corn..* Preferred 87 24 Georgian (The) Inc * 8% class A pref.20 Fla Portld Cem u t s. Preferred 9% 103% 1% 23% 4 6% 175* Fohs Oil 24 95 cum 115 Hupp Motor1 Hussmann-Ligonier * Huylers Inc— 13 % 39% Potter 6 % preferred. 100 Gen Tire & Rub—5 6% 34% 30 67 11 _ First Nat Stores—* Fishman (M H)—* $5 preferred -.100 $7 preferred 100 Fisk Rubber Corp. 1 $6 preferred—100 FitzSimons &Connell - 7 120 5% * preferred--100 $6 34% 114% * Gen Time Instru--* 20% 32 92 New common 10 A-100 14% 18 General Print Ink- -1 Gen 16 21* 2% 25 A6A 54% cum Oil Cl A pref part—10 Hamilton Watch._* 108 ii* Bid Par Per share & Gulf Oil Corp 6% 119 Coal Hamilton 87 * Guardian 185* * Mills Gen Plastics 16% 77 H 14 8% preferred.-100 Hall (W F)Print'g 10 Haloid Co.. 5 preferredlOO Class A 25 Florence Stove 18% 3% Guantanamo Sug._* Stocks Ask Per share 6 9 40% 15* 18% Common Firestone Tire «fc Rub 6% pref ser 40 1% 5% preferred Filene's(Wm)Son8 .* L Common: 26% 120 5% 45* --* Gen Optical pref — * Gen Outdoor Adv't'g & 6th Ave Coach 26" 115% 31% General Motors. .10 Federal Bake Shops* Preferred 30 Federal Compress 10 1 UL Corp— * Machinery 4%% General Feltman & Curme Preferred • Ferro Enamel F G Trading Oorp.l Preferred 1 Fiat Am dep rets Fiberloid Corp * Fidelio Brewery— 9% Household Utll Gen * 4%% preferred 100 67 15 Common Fansteel Metallurg * Farnsworth Televls* Fedders Mfg 5 ► 10% 21% 63 103 Gen Fed Screw Works. _* Federated Dept Sts * 4 1.30 Ltd Elec Gen Foods 70c Warehouse.-25 Federal Motor Tr—* 35* 10% 19% 7 % preferred--100 32 8% 127 Gen Fire Exting * Gen Fireproofing—* J 6% convpref—_1 Famous Players Can Corp com.-i Fanny Farmer Candy General Am dep rets reg £1 Gen Finance Oorp.l UH 8 120 1.20 preceding the date of !sgue_ Bid Gfuen Watch 1 Preferred 25 Grumman Aircraft General _ Par Texas common—5 General American Gen'l Amer Oil of 6% preferred-.100 Equit Office Bldg—* Esquire-Coronet. __1 Eureka Pipe Line.50 Co Stocks Ask Per share Per 10% Emsco Derrick 5 Emurm Elec & Mfg New common.... Endicott-Johnson_50 Fairbanks possible for the closing day o fthe month Bid 87 miscellaneous stocks t Newjstock. x .Ex-dividend. * 1% 27% 2% 34 SI* 24% 88 INDUSTRIAL Quotations for all securities Stocks Par Bid Stocks Ask & Bid Par 5% Class Kendall Mexican Petrol Ludlum Lukens Steel 7% 13% Lynch 13 Inc... Lamp A 10% 3% 1% Class A 10% Wire Keystone 8 8% Watch Case ..16! Kimberly-Clark Preferred 40^ 21^ % .. 42% 22% % 7 ) 15 ) 5% 7 14 I \ 17 10 3 72 $5 conv £ % y* 8% 1st pref..-100 $2n-c div shares.* Mid vale Co _..* * * k * Shirt_25 Manischewitz. 3 k 101 Feb. 2 1 5% 6% Manning Bowman Mission Oil Missouri Kansas 28 Manufac's Trading 1 Pipe Tine A 3 87 Mapes Cons Mfg..* Maple Leaf Mill * Class B 17% 17% 27% 12% 8% 25 12 8 15 ys 15% 4% 5 17 Lago Petroleum 52 Lake of the Woods r 14 125 2% 2% 11% 3% < 11 Corp.". 2 Landers, Frary & J/I W1 »" JL V/ LaSalle Ext Univ.. 6 > Lautaro Nitrate A. Lawbeck Corp— 6% preferred. .10 ) Preferred Master Electric Math'son Alkali 2% % ■ 29 Preferred 31 10 ) 15 * 17 3% 3% 20 16 r "% 4 19 24 66 9% 1% I 15% 34 • % 3 90 94 Mead Johnson > 93 95 165 166 Mellins Food Melville Shoe xl7% 18% 32 * 33 3% 24% 2% 9% * Material 4 30 2% 10% 20% 38 7 8% 6% 28% * com 100 % £1* Nat Acme Co Nat Automotive 15^ 8% Fibres new com..l Nat Aviation....10 Nat Baking com 1 Merchants & Miners 89 14^ Merck & Co 29 25 17% 2% Preferred lvv Loblaw Groc Ltd A* Class B * 33 36 r 21% 20 ...ergenth'ler 9% 8% 8% 49% * pref..* 9% 106 - 15% jy 38 4% 12% 40% 6% 17% wy 1st preferred-.100 175 110 2d . * 17% 1% 38% 4% 13 * 50 lerrimac Mfg. .100 Preferred 100 Nat Battery pref 21% 9% 54% Nat Bellas-fless Nat Biscuit Scott Messenger Corp Jan 5 "20 4i /to 40% 1% Feb $3.25 pref letal & Thermit.. Preferred 10 112 100 "4% 41 SH 1% 18% 104% 225 115 preferred-.100 10 7% preferred-.100 Lorillard (P) •No par value. 136 25% 32% 23 70 72 9 <70 80 38% 39 250 1H Common 46% 131% 16% 5% preferred..100 1% New n Nominal. r Bedford Canadian price. 57 27 M 50c 29% 5% 6% 13% 14% 25 New Bradford Oil..5 New Britain Mach. * 92% 92% 110 New age 70c 5 common Preferred New Bedford Class A 100 74 7% preferred. .100 England Lime * 3% Feb II* 5% 5 17% sy 3 24^ 82 100 New Idea com * N J Worsted pf__ 100 New Mexico & Arizona Land New Niquero * 17% 12% SuglOO Newport Indus 1 ~f% 6 New Process Co Newton Steel N Y Auction 17% N Y Air Brake * 6% 54 13 H N Y Investors See Invest, 14% 10 7 8 $5 non-cum 51 102% 6% 9 11 8% 68* ?K 9 15 65 2% 12 29 10c 25c 36% 39 € 6$, 4%A 11; 9] 7] 7; 2 trust. * pf.IOO Merchandise. 10 Y Shipbuilding. .1 Founders shares 7% pref I 100 N Y Transit 48* Nicholson File 1900 Class B * .1 Niles-Bement-Pond * Noblitt-Sparks 5 24% North Amer Car 44^ 50 7y 10 $6 preferred 20 * North Amer Cement Common 1 Class A pref 1 Class B pref 1 4% 9% 12% i§* 4% 8% 8% North Amer Rayon Com class A ..* Com class B * 53 BS* 6% prior pref..50 No Am Refractories 19H 22 19% 19*% Class A ...._» Class B * 6% %preferredl 00 North Cent Texas 5 No European Oil—1 North German Lloyd 25 17^ Nor Paper Mills...* North Pipe Line..50 8% 11% 8% llVs N'west N'west lj% 15 56 43 10 11 1 64% 23 Noma Elec Corp 1 North Amer Avia__l 5 12 8 48% * 70 4% 100 17% 65 4 90 * N Y Dock N 6% 7% 12% 22% 17 N Y 50 102 10% * 49 12% 2?* New Hav Cl com.25 6H% pref 23 78 11% 117 Rayon units 3h I 8% 2% 26 33; 16 36 19 J 4 9 3 28 1 3 5 21% 20 23) 22) 40 45 5 ai* 3% % 2£* 8 3 30 3) 2% 27 14 Norwalk Tire & 117 108 112 107% 109 Nat Dept Stores... * t New stock 105 Cord¬ 55 Amer shares. North & Judd 133 k Last sale. * 7 45 Nat Food Products Class A w w 1 Class B 50c Nat Fuel Gas • % Newberry (J J) Co— sy * 5% 6 Nestle-Le Mur cl A * 175 42 10 2% 4% 34% 109 Nat Enam & Stpg.* Nat Fire-Proofing.5 "24 21^ 180 * 7% pref class A100 7% pref class B100 Feb pfd 100 conv & Nelson (Herman)__5 30 140 Preferred $7 * Nat Cash Reg.. * Nat Container (Del) 1 Nat Cylinder Gas._l Nat Dairy Prod * 17 6 50 Neptune Meter A__* 36% 11 com 9] 37 8% preferred.. 100 36% 1 10 34 15 48 154 x6% preferred 9j 45 * 10 Nat Dist Prod 3% 2} 9 * 152 Nat Casket 85 * 1 7 % preferred. .100 30 ' com 6%% pref A100 „ * * 100 National Bronze & Aluminum Fdy__* National Candy._.* 8 26 1 6% preferred.-100 115 lerritt, Chapman <S 9 50 108 Lino.* Merrimac Hat Preferred 20% 10% Locke Steel Chaln.5 Lockheed Air Craftl Locomotive Firebox* 100 6% preferred-.100 22 r com Spec cl A Myers (FE)& Bros.* Nachman Springf * Narragansett Rac'g 1 Nash-Kelvinator 5 3% Transportation * Merchants Refrig__* Preferred 100 _ 100 22 17 2 Brothers Long Bell Lum A—* 111 Muskegon Motor Merchants & Mfrs - * 100 Preferred Mercantile Stores. _* Preferred 100 28 3% Nehi Corp com Neisner Bros 100 Murray Corp 10 Murray-Ohio Mfg.* Muskegon Piston Ring com 2.50 Muskogee Corp * _ * * 5% pref. * Sec Co class A.l ] pref Murphy (G C) 10 $2 Par tic pref conv Preferred 11 13 20 6% preferred... Liquid Carbonic.. $7 \Tunsingwear Inc..* Murphy VarnishlOO 80 13 1 Class B IK 23 Lipton (Thomas J) Lord & Taylor slU Mengel Co 1 5% conv 1st pf.50 Mercantile Credit. 1 40 6% 22% Mueller Brass Co..l Mullins Mfg Corp— 53 27% * 21 $5.50 pf s«* B ww* 27 Corp. .5 Mount'n & Gulf Oil 1 Mountain Prod 10 Moxie Co class A * 9% 62 5 ) : Pub. Mot Wheel 27 90 Nebel (Oscar) Preferred P- 87% k common 5 Conv preferred..* Motor Products * 100 Preferred (Philip) Corp 71% 13% referred serA* 8 7% r McGraw-Hill . 2 Llbbey-Owens-Ford McCrory Stores Conv 6% pref. 100 McGraw Electric.. 1 22 % 9% Navarro Oil Drop For A.* Amer shares Motor Finance ~2% 71% 21% Nazareth Cement-10 IM Preferred 10 Morris Plan Indus Bank 25 11% 90% 57% 16% 2 Cotton Morris Plan com 25c B % McKeesport Tin Plate com 10 27% 69 McKesson-Robb'ns 5 10 $3 conv pref * 3 McKinney Mfg * 16% McLellan Sts com.l 6% conv pref. 100 2% 34% McQuay NorrisMfg* McWilliams Dredge* * 3% Mead Corp com 26% 1 cum 5%% prpref—100 $2 10-yr pref 40 16 56% Nat Tea common..* National Tool 1 Nat Transit 12.50 Morrell(John) & Co* Preferred 100 McCord Rad cl A_. * 12 % 3 $6.50 35c 11H Preferred B 100 Moore (Tom) Dist.l * 26% 9% 9% 9 3 Loew's Inc 25c part pref Moore Corp com..* Preferred A 100 Morris Oil Co -25% * Lit 7% preferred. .100 6% prior pref. 100 Nat Supply- (Pa)..10 Mtge Bk of Colombia I I Class A 14 4% * McColl-Frontenac 5 Line 13 8* 60 23 41% Feb 25 50 21 % National Supply— 7 Moody's Invest Serv Warrants Class ^preferred.. 15 Nat Standard 4%% 18 16% 101% % 3% 1 7 541 10 Nat Steel Oar Ltd.* Nat Steel Corp...25 Nat Sugar Refg * 14 & Co Ltd 10 Morse Twist Drill 6 Machinery_-100 3 Savers Corp.. $6 preferred-..100 29% 6% 50% * Refining pref- -100 McCall Corp * * Life 114 * Class A McCahan Sugar Lehigh & Wilkes- Le 1* Naumkeag Steam 1 * Leland Electric % 62 24% 16 *5 3 convp * 28 % . 12M 4% 14% 25 * Conv part pref..* Nat Shirt Sh Del..* 105 $4.50 pf ser A. 100 * 9 3% 4% Nat Service Cos Nat Union Radio 1 Natomas Co ..* Common Maytag Co * 1st $6 pref * $3 cum pfw w ._* $3 cum pref x-war* 2% Nat Screen Serv 8 14% 5 cum £* Montgomery Ward Moore jy 24 22 80 A 6% * * ... 100 I I 4% conv pref. Lehigh Valle«r Co $7 preferred. Nat Rub Mach.. $2.50 5 Conv pref 5%% preferred. 10 Radiator ♦ 25 Preferred 7 % preferred- -100 May Dept Stores. 10 May Hosiery com.* 21* 61 Monroe Loan Soc A1 Monsanto Chem__10 1 18% Nat Monarch Mach T'l * * Lawrence Portland com 3% Monroe Chemical..* 100 73 5% preferred. .100 Nat Print & Appli.l Natl Pump com * 11 3 16 Monogram Pictures 1 Martin Parry Corp * 100 l£ 7 Voe - Common class A_1 Martin (Glen L) 1 95 65% 2% % 45 ' 18 Type— . Modine Mfg com * Molybdenum Corp l * 5% A conv pf.IOO Mass ey-H arris * 26 4% 77 Lanston Monotype Machine Co..10 Cement Leath & Co Marine Midland— See Invest, trusts. Marlin Rockwell 1 Marion St Shov * Masonite Corp 24 / (J Common Preferred 100 Marshall Field & Co* Mar Tex Oil vtc 1 15 )r 9 100 Preferred Milling Lanatin Partic pref Mock Judson & Margay Oil Corp..* £ > 40 5%% preferred..* Nat Paper & Common National Pressure Cooker com 2 9% Mo Portl Cement.25 Mitten Bk Secur._25 Preferred 100 Maracaibo Oil Exp. 1 Marathon Paper. .25 Preferred 18" 21%. 2% 79"" 1% 7% 1 Kresge (S S) Co— Common (vot).l ) * Kress (SH,« 6% preferred—1 ) Kreuger (G) Brew. Kroger Grocery & Baking common. Kysor BTeater 103 70 5 6 Co common 70" 21% 2% Steel Castings.--* Nat Mfrs &Stores.*2 14 75% 1 3 Laclede Steel 95% Regulator * 4% pref ser B * Minn Min & Mfg__* Minneap-Moline Power Implem * $6.50 cum pref,.* Mission Corp * * pref 55* 13 Nat Oil Products..4 Minneap-Honeywell Manhattan 132% 92 9% 26% Supply common.* 1 162 131 Nation'1 Malleable & % 7 Miller (I) Sons com * Pref 6%% 100 Manh-Dearborn 82 3 26 Miller & Hart— Conv preferred..* Common 158 preferred-100 6% Midwest Piping & Mangel Stores— "8" 7 3 19% 2'i Scrip Mid-West Abras_50c Midwest Oil—__10 Mandel Bros Inc..* 100 100 National Leather. 10 Nat Licorice com 100 * pref New common 9 6 * 2% * 7% pref A 6% pref B 5 Products com.* Warrants 4% 16 88* im Oil Corp— conv 7% preferred--100 Ctfs of dep stmp 55 . W 12% 22% o Nat Lock Washer.20 * $2 1 com Preferred 87 2d non-cum pf. .20 National Lead 10 Midland Steel Television com__l Mallory (P R).. * Manati Sugar—100 Ctfs of dep stmp 4 ll* * Midland Majestic Radio & 15% 48 ► Razor Natl Gypsum com.l 1st 7% cum pf.IOO Pet— Class A vtc Macy (R H) Co Inc * Mad Sq Garden __* Magazine Repeater 8 25 1 com States Class B vtc * 2% 2% 2% 1% 15% 14% Products * Co Per share 7M 4* Mid-Cont Petrol. .10 MacMlllan common.. SH 10 Middle Ask Bid % * Sugar Preferred Mack Trucks Inc..* Par 278 1 1 6% preferred--100 Macfadden Newsp.* 2% 4% Stocks Mlckelberry's Food Macfadden Pub—* Keystone Steel & 1 MacAnd & Forbes 10 4 3 Michigan 5 Corp Ask -_1 Mich Steel Tube_2H 1 50 Steel 85" Ken-Rad Tube & Kerlyn Oil cl A__. Keyes Fibre com. * 100 Preferred 5% 8% $1.25 conv pref. Refg_* Ludlow Valve STOCKS Per share Mich Bumper Mich Gas & Oil 82 Kennedy's Bid Par Loudon Packing—- * 6%% conv pf.IOO '8 5 Corp com Stocks Louisiana Oil 6% 100 7% Ask Per share Per share 65% MISCELLANEOUS possible for the closing day of the month preceding the date of Issue are as near as 2% 2% % % 14 14 Agene il* 48 # 36 # 37] I* Nu-Enamel 1 Nunn-Bush Shoe 2% Ogilvie Flour Mills.* Preferred 100 20% 3% 23) 29" 29) 50 2H ...* 7 % preferred- ..50 Norwich Pharm 5 Novadel 22 20 * Yeast...100 Rubber 6% S Engine.. 10 17) 33 16 148 151) MARCH, 1938] Stocks Bid for the closing day of the month preceding the date of issue Pfeiffer Brewing—* Pharis Tire & Rub.l 7 3% lh 1& Phelps-Dodge 25 Phila Dairy Prod--* 27 2)4 27H 60 11 165 94 6 preferred * Phila Insul Wire—.* Phil & Read O & I-* 7X 13% 107 BH 63 9)4 145 91 100 6% preferred..100 Oldetyme Distillers 1 Oliver Farm Equip.* Warrants Omnibus Corp., * See Public Utilities Oneida Ltd coml2 )4 common §4 preferred 2X 3?g 3V 2 Phillip-Jones Corp.* 7% preferred-.100 Phillips Packing—.* Phillips Petrol * Phoenix Hosiery. -5 7% preferred--100 Pick (Albert) Preferred 25 28 17 29 Onondaga Pottery.* 20 12 6X 15 7 25 ' 8% 30. _ 6% preferred. .100 IX 21 122)4 Otis Steel * $5.50 conv Istpf-* com.l —5 .5 Pkge Corp. Pierce Arrow Motor Oar Corp com—.5 Preferred 5 Pierce Butler Rad-5 Pierce Governor * Pierce Oil Corp—25 2X 21% 130 32c Pilgrim Explorat—1 11X 23 15 PUlsbFl Mills com.* 46 Pines Winterfront-1 Pirelli Co of Italy Am shs 500 lire— 3)4 55 5)4 56 8 7 80 jprefearence^IZ I * Ozark Corp.......* 43)4 46" Pac Amer Fisheries 5 -9" Pitney-Bowes Post.* Pittsburgh Brewing * Preferred—..._* Pitts Coal (Pa)—100 6% preferred--100 9)4 $5 Pacific Can. * Pacific Coast Co..10 1st preferred....* 2d preferred....* 7X 3% IX 3% 17x 1 49x 6x 3 25 ex 35 5)4 32 7X 8 Pitts Screw & Bolt.* 4 Pittsburgh Steel—* 7% preferred.. 100 f 6x% Prior pf-100 654 80)4 754 12)4 4)4 5% preferred.. 100 4% Pittsb Term Coal. 6 _ 2 24 854 8 , 8154 8 13 Pan-American For¬ (Thos G) 7% 1st pref— .100 Pleas't ValWine Col Class B. .1 Pan Amer Match.25 .-* 5 Plough Inc... Plymouth Oil Pan Am Petrol & Transport ......5 Pan-Amer Southernl . Pocahontas Fuel. 100 Preferred 100 Pollack Mfg..—.* Poor & Co class B—* Panhandle PAR..* 8% conv pref.100 Pantepec Oil Co 1 Pantex Pressing Machine common * Gift * A KB * * Class A Class B Paraffine Co Inc..* Potrero Sugar—5 Pref stamped...5 Pref unstamped .5 4% conv pref.100 Paramount Motors * ParamountnPublix 10 Paramount Picturesl Potter Co com....1 Prairie Oil & Gas .25 Pratt & Lambert--* Prentice Hall * 6% 1st pref—.100 6% 2d pref 10 Parke, Davis Co..* Parker Pen ...10 Parker Rust Prf.2H conv * pref Pressed Metals Am.* ix 18 8 x x Inc.! Rig & 8 19 42 7% preferred--.-* Peabody Coal B...6 6% preferred—100 Peck, Stow &WUc 10 Weighing & Vending com 1 Peerless Pender(D)Groc'yA * 100- 6x 10x 14x Penick & Ford-—* Penney (J O) Com.* Penn-Oentral Air..lines Corp.. 1 Penn Coal & Coke 10 Pa-Dixie Cement--* 7 % conv pref A—* Penn Electric Switch class A.. 10 Penn Federal Corp.* 4 X % preferred .50 Penn Glass SandCommon v t c—* $7 conv pref * Penna Industries... Units ...100 Penn-Mex Fuel....2 Penn Salt 2x 254 P Chern.. 14% Mfg—50 Penn Vy Crude Oil— Class A........6 Class B lc ... ,35 4H 144 Perfect Circle—.—* Permutit Co—1 Pet Milk— * Pet Corp of Am—5 Petrol Conversion. 1 common 30X 3 IX 33"" RandaU Corp pt Class B— Rath Packing 1 5% preferred ~2x 1654 9x ix 49 x 9 139 14 x ix 3x 18 12 r 10c" % x * 65 14 2)4 7x 14x 33 x 754 * * 12 26 Rayonier lnc com. . 1 $2 conv pref-..25 1454 16)4 24 26 Preferred Raytheon Mfg..50c 6% preferred .5 Real SUk Hosiery 2)4 ix 1 Mills common. . .5 3X 4 100 35 x 4x 6)4% pref-.--100 Without par value, Jt Last sale. » Nominal, r 19 2 r Ruberoid Co——--* 20)4 Russeks 5th Ave.2 x Russell Mfg— —50 30 5 8x 36 1 15 3)4 77)4 18)4 75x 80 101)4 iF r 46)4 8)4 2 25 26)4 45 48 \\% Warrants Rights. AX ....— 16 37 IX 102 24 27 87 88)4 Feb. 7 5% Pf ser AAA 100 k 108)4 15 15)4 Sher-Wms Can....* .100 Preferred 105 Slgnode Steel Strap's * 12)4 23 x Common ex * 126 13)4 31)4 ex Slmmons-Boardman 18)4 20 X 20 X 21)4 k preferred.—* 1.30 Simmons Hdw & Pt —* Common lH 18H 19)4 38 * 45 Simon (Franklin) pref—100 SlmpUcity Pattern-1 Singer Mfg 100 Singer Mfg Ltd— £1 ■Uoux City Stock Preferred.. Sirian Lamp 4 240 5)4 i°9* llH 4*. com..* Sivyer Steel Casting lly*> 15 28)4 29 X 92 .15 Skelly OU. 4)4 245 4)4 * -* 3 4654 94X ex 60 62 65" 97 17)4 98 19 13 12 75 2154 554 33 854 3754 2 20 4 ix 78)4 18)4 80 88 103 x "e" 18 Typewriter vtc- - * Smokers Match...* Smyth Mfg......25 Snider 14 85 11)4 15 x 2M Packing..—* Socony Vacuum..15 Solar Mfg Corp—..1 Sonotone Corp 1 Conv preferred—1 9) 15c Warrants— Mfg common.l South Bend Lathe Works -.-5 iex 27 lr 4X ■a# 132)4 Spalding (AG)&Br.* 7% 1st pref 100 Sparks-With'gt'n Co Common....—.* Spear & Co —* $5.50 preferred—* Spencer Kellogg—* Spencer Shoe—-1* Sperry Corp v t c—1 Spicer Mfg Co--—* $3 conv pref A...* Spiegel Inc com...2 $4.50 conv pref—* Square D Co 1 4H 6H 38H 25 U 142 South Shore OU & 38 76 4)4 , 8% preferred-100 23 k 15)4 3x Southland Royal..* South Penn Oil-—25 So Porto Rico Bug-* 63)4 12x 15x 20 71 South Coast Corp—1 Preferred..—100 Southeast Exp.. 100 South Dairies A...* Class B -* South'n Pipe Line 10 14)4 '5x Soss 18 Development 6 33 3)4 58 2X 98 3 59 254 103 21)4 22 90 5 1554 30 31)4 154 2454 83 x 10)4 25 85 13 2 100 "~x 5 t Ex-dividend, 5 20)4 —— S'west Pa P L-—-50 4 • t New stock, 17 60 Smith & Corona 114 75 Savage Arms — * Savannah Sugar— .1 Savoy Oil..— -5 Schenley Distillers_5 5J4% pref- —-100 Sch in Co com * 7% preferred- -100 Schulte Real Estatel Preferred .100 T« —* Sheaffer Pen 62)4 95 Canadian price, 17 Dec 42 107- $2.50 conv pref—* Ryan Gar com. * Preferred 100 8)4 6% cum pref—100 Skenandoa Rayon.* 5% preferred—100 Sloes-Sheff S & O 100 $6 preferred—100 Jmith (A O) Oorp.lO 67 of N Y ord shares Rustless Ir & Steel.l 45- Common...——* 10 - 4)4 Preferred...—..* x 5x 23 x 2x 28x 3% 1 3)4 8)4 58 Red Bank Oil * Reece Button HolelO Reece Fold Mach.10 Reed Roller Bit * Reeves (Daniel)... * • 3iK 4 16 SheU Transp & Tr £2 Shell Union OU—.* Yards com.. Root Petrol Co Units 15 36 2 26 x 23 13 2 23 7%_pref vot Petrol Derivatives.* Petrol Heat & Pr—* ix 854 Royalite Oil Ltd.—* Royal Typewriter.* 7% preferred—100 58 Co 7% m Ryan Cons Petrol.* Ryerson & Haynes.l Safety Car H & L100 Safeway Stores—.* 12 5% preferred.. 100 96 6 % preferred- -100 9x 7% preferred-.100 100x St Joseph Stk Yd 100 St Lawrence Corp.* 140 Preferred 50 1554 154 St Lawrence Flour MUls com 100 354 St L Nat Stk Y * 25c~ St L Rocky Mt & Pacific Co.. 100 Preferred 100 x x St Regis Pap com..5 Preferred 100 3)4 Salt Creek Prod--10 Samson United....1 70 Sanborn Map 25 16 Sangamo Electric..* 3 San-Nap-Pak com.l 23 18 21 Pile common 3x 3 Rossia Int Corp...* Royal Dutch Co 45 lex $5 conv pref....* Sharp & Dohme * $3.50conv pref—* Shattuck (Frank G) * Shawnee Pottery.-1 Common 25 Ross Gear & Tool—* IX 2X simms Petroleum. 10 12 1 3$ 15 J? 110 5 Simon Brewery. Simonds Saw & Steel ■»* common ex 98x A" 7* 1454 1 7% preferred—100 Seton Leather * Seversky Aircraft—1 2*0* 15)4 Feb.18 ... Sentry Safety Con.l Serrick Corp cl B_.1 il* J* 24 Rubber.* Preferred...—100 Selby Shoe.... .* Pub 90 $1.20 conv pfd.20 Rose 5 10&25c Store 1 10 .50 Seiberling Simmons Co...—* Roosevelt Field..—5 29 14 Segal Lock & Hard¬ ware com.... 1 ~ 9 26 14 40 18 100 40 47 15x ol7/° 2 Roeser & Pendleton * 22" 64X 35 * SUex Co 16 * 26)4 Seeman Bros— 9 100 25) 4) $2.50 preferr ed_30 8 Rockbestos Prods— Preferred 24 64 86 A* 23 22 & Hoist-..—..25 Sherw-WiUiams —25 12)4 7^ 6] 21 $2 conv pref * Seaboard OU (Del).* Seagrave Corp. * Sears, Roebuck..—* 5)4% conv pf-100 Shepard NUes Crane 2x 3X 8)4 5J 3 P) 7% 1st pref—100 Rockwood & Co 10 Raybestos-Manhat. * Raymond Concrete U2 X 45 28)4 100 A.* 25 * 37 44 354 .... preferred 4 ...... Peoples Drug Stores* 6% conv pref..10 Pepsi-Cola .* Railways Corp 1 Rainbow Luminous Product A. * Class B com * Ralston Steel Car... 39)4 29 Common—..* 7X 102 ix 7x 20 x Rogers Majestic--* Rogers Peet 100 New com w i... 115 7 ix Rollins Hosiery—..1 Rome Cable Corp.5 6x 11x 95 x Radio-Keith-Orph. * O 17 90)4 8)4 84)4 ix 32 x Rademaker 10)4 — 9X 20X * 6% preferred—100 Purity Bakeries—* Pyrene Mfg 10 Quaker Oats...—* 6% preferred-.100 Quaker State OU—10 Q 57 ix 2X Myers..* Preferred 1 S Punta Alegre Sugar * Pure OU Co * Penn Sugar 20 Penn Traffic....2X Units..... ....—* Inc 87 38 Rochester Button._* Preferred ..100 6x Preferred. Robbins & 15 com..* Pullman 8 $5 25 Shamrock O & G—1 Sharon Steel Op * Robinson (Dwight 5x 37 115 Timber iex 85X Ritter Dental Mfg.* Riverside Cement— Class A.—. * Class B_. * ex iox % ix ex 40 118 ....* Class B 82)4 9 3y£ * Robertson 'HH) 120" - Preferred.......* 34 81)4 62)4 Robertson Pap Box.5 Preferred .12 Propper McCall'm— Prosperity Co B—* Publication Corp. * 1st preferred Puget Sound Pulp & Peerless Cement...* Peerless Corp..— 8 8)4 1054 14 25 .100 8X 19x 118x 5% preferred-.100 Producers Corp. .25c Riley Stoker.. 45 Price Bros & Co. *r Preferred ,-100r 43 Process Corp com— 1 Proc & Gamble——* 49 8 % preferred- .100 212 Parmelee Trans...* Pathe Film Corp..l 10 13)4 26 71 Servel Co 25 Preferred... ix Common..——.1 5% conv lst pf—5 5% conv 2d pf— 50 Reel common—1 64 63 7)4 24 ... Preferred 67)4 IX 2X ex 1754 57 Richman Radiator. 1 6 4x ix " Park & Tilford pref old Preferred Pressed Steel Car— Parkersburg X 35c 61 3954 B common.. 10 5)4 Rice Stix Dry Gds.* 100 1st pref ..100 2d pref 100 k 100 Richfield OU of Calif ex Common ....* 7% <■» Warrants-..... Porto-Ric-Am Tob-~ Preferred.......* 254 5X nx 7% cum pref—100 BX% conv pf.100 Reybarn Co Inc 1 Reynolds Metals-.* 5)4% conv pf.100 Reynolds Spring... 1 Reynolds Tob 10 39 Plant eign Corp class A1 65 1 Preferred. 10 Revere Cop & Br—5 Class A... .10 38 Plant Reduction—.1 16)4 x „ Repub Port Oem__* Republic Steel.._.* 6% conv pref.100 6% prior pf A.100 Respro Inc com...* 22 - 354 1554 30c 25 1 5 19)4 — 6 16 3)4 15)4 pref-25 Remington Arms-.* Rem'tn Rand com.l B rights... Preferred w w Renner Co Reo Motor Car •* 4)4 z38[ $2 cum pref ww_* 15 conv 34 33 Pitts United Corp See Invest trusts Pittston Co.—-—* f 65 1 6% preferred--100 7 A 40c 12 24 24 Pgh Metallurgical 10 Pfttsg PI Glass—25 7 5 97 Bond warrants 6 13)4 * Pairpont Corp..100 Bros.... * Preferred ....;—60 Pan Am Airways..5 ax 60 8 11)4 ..... Palmer 6)4 2x $5conv pref..—* Pitts Forgings 1 pacific Finance Corp Warrants. Packard Motor 48 17)4 ex 4)4 17 15 2 11 1 Warrants....... Seaboard Fin Oorp.l 11 11 Reliance Steel.. % Pitts Coke & Iron..* Eastern Corn—1 See Invest trust-. Pacific West Oil—10 35 8% conv pref.100 Pierce Petroleum..* 14 10 . pref.50 ScuUin Steel — 10 (Illinois) 7 B2X 43 115 6% preferred—100 . Scott Paper.——..* Scovttl Mfg.. 25 Scranton Lace. X 1 Reliance Elec & Eng Common ...5 Reliance Mfg Co 4 x X 2% 1654 10 Manufacturing. .5 1 $1.50 40 Outlet Co com....* 7% preferred—100 Overman Cushion Tire 6%pref— -.* Owens-Ill Glass.12 X Oxford Paper com.* Steel common 100 6% pref 9)4 .X 8% preferred—100 Schulze Baking Schwitzer-Oumm Preferred-.... 100 3x 39x 3)4 1 * 6* 65 Per share Par 7 100 ... 8 10 X Outboard Marine & T>ac , 35 17X x 5 52 3X 39 2H 31X 3)4 Ask Bid Stocks J* 24 OU.)4 ReUable Stores. Reliance Bronze & Pictorial Paper 21)4 Ontario Mfg com..* Oppenheim Collins. * Oshkosh B'Gosh—.* Conv preferred..* O'SuUivan Rubber. 1 Otis Elevator...._* 7% 1st pref 38 21 9 MUls Ltd * Preferred. —.25 Reis (Robt) & Co—* Reiter-Foster 9 7)4 * . 16 18 ■ Schulte RetaU Sts Regent Knitting Petrolite Corp Ltd.* 11 Ask Per share Par share 19 31X 67% preferred.. 100 ilstocks Ltd.....* Preferred Per Bid Stock* Ask Bid Stocks Par Per share 37 13 Ohio Brass B Ohio Leather.... * Ohio Match ——* Ohio OU ♦ Preferred 100 Ohio Seamless Tube* Okonite Ask 89 MISCELLANEOUS STOCKS INDUSTRIAL & Quotations for all securities are as near as possible 2* Squibb (E R) &;Son* $6 preferred * BX 23 yA 3X 42)4 3 8 22)4 I 8% 48 3h 9X 75 28 }i 4) 119X 19 X 130)4 13] 34] 112)4 110)4 x59X W* 24 103 101 ml 20 26 90 INDUSTRIAL Quotations for all securities Stocks Bid Ask Stocks Par Stahl-Meyer com--* Thew Shovel Standard Brands..* $4.60 cum pref--* * preferred .10 Standard Dredging Common 1 Time Inc Stocks, Inc Tob Prod Expts 11 3234 3334 Todd 1734 5% 2d pref 20 Sterling Aluminum Tubize * 6% cum pref. .100 Sunray Drug ..1 Sunray Oil 1 534 % cony pf._50 Superheater Co * Superior Oil 1 Superior Portland 17 1034 _ Steel A Common x w U S Stores com * 1st preferred U S Sugar Corp * * Preferred U S Tobacco * . West'he ill 2534 16234 34 26 7% 1st part pf.50 West land Oil Foundry 4" W Va Coal & Coke.* W 1 $4 conv pref * White (88) Dental 20 16 1734 14 15 10 7% first pref.. 100 88 98 50c 70c 734 1034 7634 80 12 14 134 Pipe common..25 Whittall (M J)— 5% preferred...10 Wickwire Spencer 77 254 3734 Venezuela Holding-! Venezuelan Petrol .1 100 5 Pump * Preferred * Victor Brewing Victor Chemical 5 Vogt Mfg * Vulcan 1 DetinninglOO 7% preferred—100 Electric 5 Waco Aircraft * 5 com Wagner Baking Wanl Co. 1 * • Wilson & Co 17 4734 354 55c * 134 154 34 434 65c 118 7 8 Amer 3& 28 Unit dep rcts__£l Paperboard. 10 Preferred 100 Unit Piece Dye com* Preferred 100 Un Prof Sharing * 10% preferrea.-lO Un Shipyards B 1 Class A ...1 Un Shoe Mach.. .25 5 6% United 434% pref ww 100 Walker (H) Good'm & Common 50 Preferred U S Distributing Terry St'm Turbine* Texas Corporation 25 * 7% Texas Gulf Prod U S Sulph..* conv 100 * pref. 100 Com class A Com class B $1 $3 1,150 1034 434 U 8 Freight U S Glass U S Gypsum 7 %preferred. 25 .20 100 U S Hoff Machin'y5 534% conv pf..50 I* 354 1534 * 3P . 13 534 * J, 1434 334 Indust Petrol...1 Machinery com.* Woodward Iron..10 Woolw'th (F W)_10 Am dep rects ord. Worcester Salt m, m 3 34 334 534 734 pref * Warren Fdy & Pipe * Warren (Northam) 21 $3 conv pref * Warren (S D) Co..* Waukesha Motor..5 4234 2334 1454 & Mach Nominal, r Canadian price, t New stock, x Ex-dividend. 16 18 1834 100 64 66 100 45 60 » 4234 44 3434 3534 70 80 67 70 * 334 Wurlitzer (R) comlO Preferred 100 Wyoga Gas & Oil. 34 7?M 80 10c 20c Yale & Towne 2334 24 7 % preferredYork Ice Mach 25 . 100 * 7% Preferred..100 Young (J S) Co. 100 Preferred 100 Youngs town Youngstown 27" Car 2 SM 234 1434 1434 88 9234 1034 12 67 69 87 97 124 1654 1734 19 20 Steel" * common Steel common 5 3 5 Youngstown Sheet & Tube I n 6 17 4354 51 * ,5^% pref—100 Radio Zonite Products k Last sale, 1634 4354 98 7 % pref A. 6% pref B rr No par value, & Worthington Pump Door 15 634 3 100 Youn^L A) Springy 23 8 53 4 -.100 Preferred Coach Mfgcl B--1 5 534 51 Wool worth Ltd— 6 10 534 26 Wood Newspaper Zenith * 2 Yates-Amer Mach .5 Yellow Truck & 3834 "234 7 7% preferred. .100 44 334 40 10 3 2 Wood (Alan) Steel Wrought Iron 3 8 1st preferred.* Portland Cement com.-.10 Wolverine Tube 50 35 conv 24 10 8 108 Wolverine 19 1034 434 ..5 Station 90 * Warren Bros Preferred 50 WJR The Goodwill 7 754 954 9H 120 2 49 Wither bee Sherman 85 45 * * * 434% conv prior preferred 100 434% series prior preferred 100 Wright Aeronaut'l.* riglev (Wm) Jr..* pf 100 * ^referred. 100 USFoIJB. 7% 1834 com Warner-Quinlan Co* U S Finishing Land conv Warner Co Preferred 54 134 834 34 834 1 Winsted Hosiery 100 Winters & C'mpton 1 334 11 1934 Warner Bros. Pict._5 $3.85 50 19 » Wilsonite Corp Wilson-Jones Woodley 1734 834 8134 * 60 4034 43 7% preferred-.10'' 11 50 Wood all 7934 Walworth Co * Preferred Ward Baking Corp— 10 23 4134 6% preferred. .100 45 39 * 100 Envelope Preferred Tex Pac Coal & OHIO com Waltham Watch cl B 7 % prior preferred Preferred..25 Specialties .1 334 1634 * Worts Preferred U S Bobbin&Shuttle * _ 54 434 125 234 854 134 Waldorf System. * Walgreen Co com..* 2 70c 1654 734 4934 Waitt&Bond Inc A * Class B * * $6 preferred 28 1034 3834 1634 3754 $2 preferred United Molasses Ltd 734 4234 4834 354 134 134 1* 254 534 Wilson Line....—* Preferred 100 Willson Products-.1 234 2234 ...» P 6 5 54 & Mfrs_* United Milk Prod..* _ * (R C).._* 234 1434 2134 Un Merch 31 Oil-O-Mat 234 334 53 3 . 5 234 554 -454 18 9 754 11 Oil 10- 1754 27 5 % preferredVlck Chemical F) 34 6% part pref..100 5 Un Eng & Fdy United Fruit I'rod * Warrants Term & Trans com. 1 $3 conv pref—10 .5 (H Gas H Va Iron O & C..100 B Coal Cos common. 6 * Willys-Overland 1 r6% conv pref. .10 Vertientes-Camag'y Vicana Sugar v t c.3 Va-Car Chemical..* Wilcox Conv pref 20c Dyewood.10 7% preferred-.100 Tennessee 1 preferred..* WIllcox k Gibbs—50 8 1 10c com Veeder Root Inc ._* Venezuela Mex OHIO 10 Prior Wil-Low Cafet 1 Class * pref..* common.. Wieboldt Stores—* 22 101 Warrants * Texon Oil & Land..2 Thatcher Mfg * Steel 2334 * * • 1034 Whitlock Coil 99 United Drug 53 White Rk Min SpgsStk trust ctfs * 100 Viking 23 101 83 * 7% 1st pref Van Sweringen A 14] 26] 7! 100 Winding 5 Class 2234 2' 5834 1054 234 Van Raalte Co 2034 17 96 2 $4 preferred 19 ] 854 16 16 95 100 White Sew Van Dorn Iron Wks* Van Nor Mach Tool5 * 8 33! prior pf.* conv Milk $5 preferred Un Drill & Tool- iIS 14 Corp...* Stores com....10c 137 3134 234 2634 634 Van Camp Sugar 654 97 Mach _* Common Chemical..* $3 part pref. * United Cigar Stores- 100 White Motor 7% conv pref.100 Valley Mould & Iron 6 % preferred ] 00 United Cigar-Whelen 1034 434 Pulp Pap..* Preferred 7% preferred--100 * 135 5% conv pref. .30 Weyenberg Shoe 1 Wheel Steel Corp _* $5 Vadsco Sales Corp— Common-.. * pref. 100 354 Westvaco Chlorine. * 1054 Utah Radio Prod--* Utica Knit Co 100 Common 950 Va Preferred Vanadium Biscuit 1 234 82 * * .100 * Weston El Instru..* Class A * ♦ Utah-Idaho Sugar .6 Preferred-. 10 United 234 Telaut'g'ph Corp..5 Trust old 8tk__100 Ctfs sub shares-. 1 Brke.* El & Mf.50 West Michigan Steel * Preferred 5 34 25 * Universal Prod Lines 108 Westins Air Wm Air 1634 11 65 115 140 8% 1st pref-__100 * 4 2234 Universal Pictures. 1 Universal 1434 75 * West Indies Sugar. 1 * pref conv * Stationery * . preferred Williams conv * Exp Western Tablet & 8% preferred.. 100 United Carbon * United-Carr Fast..* 7% preferred * $2.50 pref* Talcott (James) 9 534 % preferred .50 Tampax Inc 1 Tastyeast Inc cl A_1 Taylor-Colquitt Co 5 Taylor & Fenn__100 Taylor (K) Dist 1 Taylor-Wharton Co $3 . Valvoline Oil comlOO 7% 234 Taggart Corp_.._.l Tbermoid Western Dairies... 1 ♦ 8% preferred.. 100 Vanadium Alloy Steel common...* United 1234 1 conv 8% n-culstpf-100 534% prior pref.* Valspar com 1 $6 Droi )r: ed 5 Preferred 1 $3.60 17 54 1 United w w Pacific 1.754 * * common 254 1054 • Steel Corp Univ Leaf Tob Mfg.,10 "634 West Auto Supply— Common 10 Un Artist Theatre.* 50 121 554 134 234 954 3534 6% prior pref. 100 Universal Corp vtc. 1 Universal Cons OHIO Universal-Cyclops l 534 19 3434 7334 354 5 com $4 convpref United Stove 1 United Wall Paper.2 10 Transport 9 * 534 105 1 Vot tr ctfs-.. * Bag & Paper Sylvania Industrial * Symington Gould— Texas Gulf drift West Air $6 1 United Texas 50 U S Radiator 1 6 9 referred- -50 U S Realty & Imp_* Conv preferred United Stores A 1 United 934 1 Common Wellington Oil 1 Wells Fargo & Oo.-l Wentworth Mfg. 134 "Preferred United Stockyards— Common ..1 * Swift & Co 25 Swift Internati__15 Preferred Preferred 1 Wesson Oil & Snow¬ 7 % non-cum pf 100 Transport warr'ts. Class B 5 Sutherland Paper. 10 Swan Finch Oil... 15 Sweets Co of Atn.50 Corp U S Print & Litho— Common » 234 70 Western Newspaper Union common. .* _. Tennessee 11 2034 134 .100 Brower com Un Aircraft & J* 2f* Superior Steel...100 Susquehanna Silk Mills class A....5 com. 10 tl.50 conv pref.20 Postal Meter..1 - 7 27 Bros Welch G'pe Juice234 Preferred 100 Un St Yds Omaha 100 Union Tank Car * Union Twist Drill. _5 United Aircraft 5 1034 * Inc 25 $7 preferred- 7% preferred-.100 2734 Williams Stores com Cement class A..* Iron & Steel 23 Unit Amer Bosch._* Tool common...5 Technicolor Weisbaum 29 954 154 2934 834 134 7 Union Carb & Carb * Union Mfg .25 Union Oil of Calif. 25 Union Premier Food Mach Sweets' Steel Co 2 50 Underw Ell Fisher.* 1.25 preferred..* 8tudebaker Corp__l Submarine Signal.25 Sullivan Macn'y * 634 ,2634 Webster Eisenlohr.* Grocer. .20 Twin Coach com Ulen & Co com Series A pref Series B pref * 1 Wayne Knit Mills.5 Wayne Pump 1 Western Groc Ltd.. Preferred $1.50 preferred Corp Common 6 70 Western 20th Cent Fox Kim Common * Union U 8 Playing Card. 10 U S Plywood Corp 20 7 % preferred- _50 U S Steel Corp.-100 7% preferred-.100 Tung-Sol Lamp 1 80c div conv pref * 25 Part convdc cl A.* U S Lines pref * U 8 Pipe & Fdy. .20 1954 534 58 1734 Screen.-1 Unexcelled pf.100 Per share U SSmRef&Mln50 Chatillon_-l Class cum pr Par U S Rubb Reel _ Nov 18 7% Ask Bid Stocks 57 Truax-Traer Coal. * Trunz Pork Stores.* 9 U 8 Ind Alochol ♦ U 8 Leather com..* Ask Per share 1734 234 Triplex Safe Glass.* Trojan Oil & Gas.-l Truscon Par US Rubber 2 Corp 2 Trenton Vail Dist- Webster--* Fura 10 B 6734 334 ..100 Trico Products 1 Strawb'ge & Clothier 6% preferred-.100 7% preferred. .100 Stromberg Carlson.* 6% preferred-.100 Stroock & Co » Class 4254 Forging * Trans western 011.10 1 com 4034 Steel Stetson (J B) * Preferred ..25 Stewart-W arner 5 Stlnnes (Hugo)Corp5 Oil 1234 109 10 48 Transue & Stern Bros common 1 Preferred A * Sun 1034 Transcontinental & West Air Line 5 Trans Lux Daylight Sterling Brewing 1 Sterling, Inc 1 Sterling Products. 10 Sundstrand 1234 46 138 20 Transamerica 100 Strut hers Wells Titusville com 954 Securities..* Preferred t C--1 Bid Stocks 5 Trane Co Sterchi Bros com * 1st preferred—50 fetorkline 44 134 Shipbuild..* Torrington Co * Picture STOCKS * Shipyards Towne Steel Co of Can * Preferred 25 Stein (A) & Co com * Stone & 15 90 Toledo Stanley "Works 25 Starrett (L S) Co..* Starrett Corp— Stokely Bros Conv pref 96 14 * * Tokheim Oil cf B...1 com 5 8174 Amdeprctsord £1 Am dep rets def_. 30 Stand Silica com., Stand Steel Spring. 5 Products 11 i§* Tobacco Secur Ltd— 6% preferred.-100 Standard Plastics..1 Standard Products. 1 Standard Screw..20 Preferred A 100 634 % pref 254 Tobacco & Allied Stand Oil of N J-.25 Stand Oil (Ohio)..25 . * com Timken-Det Axle.10 7 % preferred.. 100 Timken Roll Bear.* 234 $1.60 con vert'le preferred-...20 Stand Oil (Cal) » Stand Oil (Ind)...25 Stand Oil (Kan)..10 Stand Oil (Ky)__.10 .Stand Oil (Neb)..25 v 10 454 1234 92 Tilo Roofing com.. 1 Coated Products com.lOe Preferred 5 Stand Com Tobcoml Common 1054 conv pref.* Tide Water Oil * Standard Stand Tube 5 434% Stand Cap & Seal.-l Ask Per share Thompson-Starrett * $3 34 preferred * Thompson (J R)-_25 Thompson Prod * $5 conv prior pf_ * Tide W Assn OiL.10 Preferred Btaley Mfg Co 10 7% preferred-.100 $5 preferred * Conv MISCELLANEOUS possible for the closing day of the month preceding the date of issue Bid Par Standard Brew & are as near as ..* 1 3534 6834 1654 354 36 8534 1634 334 Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Tin 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 furnishing the prices bolow, it will be found that for the single maturity bond 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 in 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 aaked prices. To or Bonds Bid Ask UNITED STATES—See also pa ge 19. 4Mb 1947-52—A&O 117.17 117.23 113.6 4s 1944-1954 J&D 113.3 3Ms 1946-56--M&S 111.18 111.23 3 Ms 1943-47—J&D 108.21 108.23 106.11 3Ha 1940-1943.J&D 106.8 3 Ms 1941-1943-M&S 107.11 107.13 3 Ms 1946-1949-J&D 106.23 106.26 3 Ms 1949-1952-J&D 106.16 106.19 3s 1951-1955—M&8 104.24 104.26 3 Ms Aug 1 '41.F&A 107.18 107.20 Treasury 3 Ms 1943-45—A&O 108.5 108.8 Treasury 3s 1946-1948—J&D 106.1 106.2 Treasury 3 Ms 1944-46—A&O 108.3 108.6 Treasury 2 Ms 1955-60—M&S 102.18 102.21 Treasury 2 Ms 1945-47—M&S 104.17 104.20 Treasury 2Mb 1948-51— M&S 102.18 102.21 Treasury 2Mb 1951-1954-J&D 101.24 101.27 Treasury 2M* 1956-59-M&S 101.17 101.19 Treasury 2 Ms 1949-53—J&D 100.7 100.8 Treasury 2 Ms 1945 J&D 103.16 103.20 3s Panama Canal 1961—Q-M 114 r- 118 3s Conversions 1946 Q-J 108 110M Conversions 8 ~ 1947——Q-J 108 M Treasury Notes— Mar 16 1938 101.6 June 15 1938 Mar 15 1939 June 16 1939 Sept 15 1939 Dec 16 1939 Mar 15 1940 June 15 1940-—.... Dec 15 1940 Mar 15 1941 June 15 1941 % Dec 16 1941 % Mar 15 1942 J* Sept 15 itHz /o oept id 1942 1M% Dec 15 1942 Home Owners' Loan Corp— • prin & int guar '44-'52 % prin & int guar '39-'49 % prin & int guar *42-*44 i prin & int guar 1938— I % prin & int guar 1939— •a! Home Loan Banks— vc - , j i 104 100 96 102 Pub Imp ref 5s 1938-1962-. Jefferson County— 98 100 Montgomery Co 4Mb 1957-59 6s Road 1951 Tuscaloosa— 5s W W 1939-1957 101.23 102.4 101.29 101.29 101.17 102.18 101.22 100.24 101.7 J&J 4Ms Court Hse '38-'48-J&D 3MsMay l'65opt'45M&N July 1 '46 opt '44.-J&J 4s 1958 opt 1938—M&N 181* m 4 Ms 1958 opt 102 M 1938-M&N to 1.80 Par to 2.25 0.45 to 1.50 0.40 to to 2.90 Riverside Co 5s *38-*54-M&N 0.40 0.25 98 Sacramento 4s Jan *39-'45 97 3.75 Sacram'to Co 4Ms *38-'46 111 94 3.90 100M 107 3.50 to 3.50 28 102.11 100.28 101.10 Ms Jan 1 1939-1960 Oakland 5Ms 4Mb Mun Imj> '39-'43-F&A 4Mb 1939-1965 F&A Oakland 8 D 4s 1939-44-J&J 1939-42 J&J Redlands 5s 1938-51—J&J15 Riverside 5s 1938-53 J&D Pasadena 4s 6 3.75 J&J 6 3.50 to 2.85 2.90 0.75 to 1.90 0.40 to 1.25 5s Water 1938-63 Diego 5s W W *43-'54A&0 J&J 1939-1966—F&A 2.20 0.50 to 3.30 5s School 1.00 to 3.35 1.00 4Mb Wh & Har '39-'52-J&J 0.50 4Mb Water 1938-1964 3Msg July 1, 1938-44.-J&J 6 0.40 San Francisco (City & County) 0.75 5s Water 1939-1969 J&J to 3.00 San 4 Ms Water '57 '58, '59-J&J 4Mb 1939-1951 J&J .4Mb Water 1939-1977.-J&J 4s Wat Distrib 1938-53 J&D 4s W .t Distrib *38-*63 J&D 6 2s 1940 1949 --J&J 6 San Joaquin Co 5s *38 '49. J&J 6 Santa Barbara 5s '39-41-JanlO 6 2.90 to 3.10 to 3.30 to 2.20 to 3.15 to 2.95 0.75 to 2.65 0.75 to 3.15 0.40 . to 2.70 0.40 to 3.00 0.85 to 2.10 0.25 to 2.50 0.60 to 1.35 ?75 1943—F&A' 4Mb gold Aug CANADA—See 4.00 f 24 3.50 3.50 3.50 110 less 1 95 94 93 M 93 94 M 94 92 M 92 93 M 91M 91 92 M 92 1 82 83 3s Attorney Gen opt 1944 3s Rose, Hemingway opt 1944 90 91 5-4s 1954-1960 5-4s 1961-1967 - 5-4s 1968-1977 4M-4s 1943-1948 4M-4s 4M-4s ___ 3s 1949 Hot Jan. Springs 4 Ms '38-'50-M&S 93 91 92 6 4.50 4.00% Little Rock— 111M 100 H 102% Little Rock S D 4s '38-'55 M&S 97 4Mb Fund 1941-50---M&N 4s water Rev 1939-76-F&A & / 100 93. page COLORADO 3.50 98 5-4 s 1943-1948 5-4 s 1949-1953 102 M 1.85 to 1.70 J&D *39-'54-J&D ft 1.00 to 2.75 1939-1951-J&D ft 1.00 to 2Mb State H'way 3s warrants 1952-V54. J&D Colorado Spgs 4s Mar 11941-4Mb 1938-1939 J&J 2Mb warrants 6 0.60 to 1.10 ft 2.00 ft 0.60 to 2.50 6 2.60 to 2.50 6 0.60 to 2.30 6 0.60 ft 1.50 to 2.10 6 2.30 to 2.40 1&47-56-A&0 6 2.00 to 2.30 1955-A&0 Retire 1955-A&O 6 2.40 2.30 2.50 2.40 Disb'47-*56A&0 2.00 to 2.25 1941-1945-----J&J 3.65% March 1, 1950-54.-_ Sew dist 3s 1963-1972 opt 3 Ms Mun Water 1963-1972 opt 2Mb Sewer 2.80 100 and County)— July 2 Ms 98 M 1.50 4Ms Water 1944------J&J 4Mb Ref Wat 1938-67-J&D 4Mb Water 1962-1965-J&D SDNol 4Mb 1939-53 J&J 8 D No 1 4Mb 1938-47.J&D 4s L ft 1.60 Denver (City 102 M 104 M lessl 4.25 ARKANSAS 102 M M&S Orange Co 5s 1938-45 Turlock Irrig Dist 6s West Side Irrig Dist 6s 6s Jan 1 1946 J&J 6 3 75 5s Jan 1 1954 opt 1934—J&J ft 3.75 5s W W 1939-1950 J&J ft 3.75 Phoenix Un H S D 4Mb 1948 6 3.75 Prescott 5s 1948 J&J 108 104.6 Dec 1940 101.25 101.27 Federal Farm Mtge Corp— 3 M % int & prin guar '44-*64 104.14 104.20 3 % int & prin guar 1944-'49. 104.3 104.4 3% int &prin guar 1942-*47- 104.10 104.14 2 M % int & prin guar *42-'47 103.1 103.8 1M % int & prin guar 1939- - 101.8 101.11 Instrumentalities of US Govt Federal Land Bank—Farm Loan Bonds 4s 0.75 350 350 3.50 4*Ms '50 opt '30-J&J 4 Ms 1939-1956 Tucson 5s Water 1950 102 M 102 M to 2.95 3 3.5 J % cons deb Apr 11938.. 100.2 100.4 s July 1938 100.10 100.12 3s July 1 *55 opt '45.J&J 3s Jan 1 *56 opt '46.J&J 3s May 1*56 opt '46.M&N to ft 3.75 ft 3.75 Phoenix 102.2 3.00 0.75 School No. 1 5s 1945—J&J 6 3.75 Highway 6s Jan 15 serially- ft 4.50 102.16 102.18 103.24 103.26 102.18 102.20 to 3.15 0.75 0.75 Maricopa County— 100.29 100.31 3.30 3.25 to 2.40 1939-1943-F&A 97 27 refdndir^ 1 %to4 % to to 2.80 100 4s Tuscumbm 101.27 101.29 101.13 101.15 to F&A * 0.50 0.50 J&D 2.50 —J&D to 106 J&J 6s ref pub impt '38 '53 M&N t 101 t ollO 3.25 Tuscaloosa Co 6s Bridge 1941 6 3.50 3.60 5s Road 1957 M&S 6 3.90 Tuscaloosa (City)— 103 106 5 serial 100 102 4Mb—. 103 4Mb 101.29 101.8 M&N 6 0.75 1938-1945 4s 1946-1961 4s 1.00 3.75 104 — To Net Angeles City High Sch Dis 5 Ms Nov 1938-60 5s 1938-1964 0.90 101 6 3.90 Morgan Co. 5s 1938 J&J 5s Road 1952. F&A 105 Selma (Citv) 5s-6s 1938-55— 6 3.80 2 Ms 1939-1952 J&J 6 2.00 Los Ask Los Ang Co 4Ms '39-'49--F&A Modesto Irrig Dist 6s 105 J&J 6 4.10 — 100 101.19 104.5 102.9 102.1 98 4Mb Ct House 1938-43 M&N 6 2.25 to 3.30 % 4Mb Ref 1938-1961—A&O 6 2.00 to 3.80 % Mobile City— 65 68 Refunding 2-58 Jan. 1 1966102 101M 4Ms Water & Sew '39-J&J Mobile Co— 103 4M8 June 1 1938-1948--— 95 6s School May 1 1945 4Ms R & B 1938—J&D 100 4Mb 1939-1958 —J&D 105 to 91 Gen fund 4Ms 1941-66 J&D Montgomery— 96 5s funding 1939-1966--J&J 95 4Mb Sanitary Sewer Jan 1'44 or Bid Bonds Net 106 1938-40 A&O Hunstville 5s funding Mar 1'42 5s schools 101.8 101.21 102.2 101.27 101.27 Sept 15 1938 Dec 15 1938 Ask Gadsden 6% impt long mat— 111 101.17 101.27 101.6 101.15 102.16 101.20 To or Bid Bonds Net Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury ~ and _____ lie^d tasi* Yield Basis Yield Basis 1.80 to 2.00 Moffat Tun Imp D 5 Ms 1944-1963 5 4.00 5 4.10 3.90 116 115 120 to 128 to 124 J&J to 125 J&J 118 to 123 J&J J&J Ms 1947-1956. Ms 1964-1973 4.50 5s 1974-1983 St Francis Levee Dist— 102 TERRITORIES A U S PO SESSI ONS Honolulu (City & County)5s Pub impt 1956—J&D 15 6 3.00 5s Jan 15 1939-56—J&J15 6 0.75 3 Ms Sept 15 1940-53-M&S 6 1.75 Hawaii Terr 4 Ms '49.M&S 15 6 2.00 4Mb Jan 1945 6 2.00 4Mb Nov 15 '38-'56.M&N 16 4 Ms Oct 1956 opt '46 A&O 4Mb Nov 15 1938-58-M&N 2.10s July 20 1941-1945 1.70% refdg 194(M4-M&S 1.75% refdg 1940^4-M&S 6 1.50 6 1.50 102 M 102 M M&N 102 M 102 M 4 Ms 1950 4Mb 4Ms 4Ms 4 Ms 4 Ms 116 to 2.90 6 0.50 6 1.90 4s Jan 2 1944-1948 3 Mb Jan 1 1940-1949 103 106 6Ms Aug 1941........ 109 M " 6 3.2 6 3.50 111M 6 0.75 J&J2 ft 1 20 J&J2 6 1.90 J&J 2.40 to 2.40 to 2.40 to 1.20 to 2.30 3.25 to 3.50 3.00 3.10 2.65 J&J 0.75 to 3.15 Dist— J&J 0.75 to 3.15 to 2.50 6 3.15 6 3.25 58 M 56 M 54 M 6 3.50 3.35 4s pub highway 1949-51-M&8 6 3.10 4s refunding 1941-54 J&J 6 2.25 to 3.05 3Ms refunding 1955-65—J&J State Bridge Corp 4s 1938-51 - - Bridge Auth. 4s, July 1, ' — Ann is ton ret g 5 Ms Dec 11939 5s schools 1938-1947—J&J Bessemer 6s pub impt '38. J&J 5s funding Dec 1 1947..... .90 3~00 6 3.15 3.00 100 101 86 M 101 88 M 103 102 103 M 82 80 82 80 1939-50-. J&J 6 2.25 to 3.75 A&O A&O 6 2.00 to 3.25 6 3.25 to 3.75 4MB 1938-1960 A&O 5s sewers Sept 20 '41..M&S 6 2.00 to 3.80 1938-1941 4s 1942-1961 4s Florence refunding 1 % to 4 % • Tax-free in Connecticut, _ 6 3.40 33 3.25 34 t Less 1 on bid side. to 2.80 2.75 0.50 to 1.75 to 2.50 ft 0.50 to 2.60 1939-45--J&J 6 Danbury 4s 1946 taxable.J&J ft ♦4Mb 1938-65 J&D ft 3 Ms Fund 1941 tax'le.A&O 0.90 2.50 to 2.25 0.50 to 3.00 -J&J & J&D ft 1°.00 2.40 1.95 4 Ms Sch 4 Ms Sch M&N M&N 1938-49 1950-59 „ 1.75 0.50 to 2.80 & 2.75 East Hartford Fire District— *5 Ms 1938-1951 M&N & 0.50 Fairfield (County)— 1 Ms 1938 to 1950—---J&D & 0.40 to 3.00 to 2.80 _ to 2.10 ft 0.90 to 3.00 ♦4Mb 1938-1942 -----M&S & 0.40 4Mb March 1, 1938-1951--- ft 0.50 June 1 38-60 b 0.50 to 1.75 '39-58-J&J Glastonbury #4M8 Greenwich— _ „ Groton S D 4 Ms „ „ , to 2.80 to 2.90 _ 1940-45----J&D ft 1.75 1, 1938-39. ft 0.50 *4s Water June ♦4s High Sch '39-'55—J&J ♦4 Ms 1939-1960 M&S 6 0.75 ft 0.75 to 2.15 to 1.00 to 2.50 to 2.75 Hartford to to 2.90 0.65 to to 1.50 0.70 to 3.20 0.50 0.50 to 2.30 Par to 3.30 5s Municipal 0.50 0.75 1.25 to 0.90 to 1.25 to 3.65 3 Ms 1939-77 J&D 3 Ms ser A 1939-77.-J&J 0.75 to 3.65 1.25 to to 3.25 to to 3.25 3.35 2.80 3.05 Electric Plant Revenue— 3 Ms ser B Jan 15 '77 J&J 3 Ms 1948-58 J&D 2s 1938-42 A&O 3s 1943-49 -.-.A&O to 0.50 3 Ms improvt 1938-41♦5s Construc'n 1938-49 Bristol 4Mb Water 1939-J&J *5s July 1, 1938-55----J&J 3.15 3.10 3.15 1.35 1938-61 —F&A 5Ms Harb Imp '38-'61 M&N 3 Ms Wat Rev '39-'48_.J&J 3 Mb Sch Dist 1939-61--J&J to 2.90 Hartford 2.85 1940-1962 to 2.75 56 M 2Mb WatWks 1956-76 M&N 3 Ms Water wks 1952-75-.3 Mb Water 1938-41—A&O s Water 1938-70—A&O 4 s Sch 1938 -1944—J&D 4 s 1938-1968 4 J&J 4 1938-1969 M&S 4s to 2 .80 0.40 ♦4s Water to3.30 % Ref 4s 1939 to 1975-J&D 4Mb highways 1952.....M&S 4Mb 1956 and 1959 M&S 4s renewal July 1,1956 4Ms 1942. 1946, 1949—M&S 0.40 Hartford— 96 M Golden Gate Bridge & H'way3 Mb series C 1942-1971-J&J ft 1.75 Imperial Irrigation District— Refunding 6s 1983 J&J Refunding 5s 1983 Los Angeles (City)— 1938-'52.A&0 ft 38- 50 J&D & Bridgeport 4Mb 1938-65-_.T&J ft 0.40 4Mb High Sch 1939-63-J&J ft 0.75 *4s 1939-1968 ----—F&A & 0.50 East Hartford (Town)— to to J&J East Contra Costa Irrig Dist 6s ' 1.60 2.25 to to 0.40 1.35 Berkeley 5s 1942-1951 5s School 1939-1955 % 2.50 to to 2.35 0.40 East Bay Mun Utll 5s 1939-1974 2.30 to , F&A Alta Irrig Dist 5s Bakersfield 5s 1938-52--A&O % to 2.30 to 2.95 1.00 '38-'48-A&0 4Mb Mun Imp 2.85 to CONNECTICUT ♦Cheshire 4Mb 0.75 ALABAMA 3 M8 renewal class O 1956-J&J 6 3.20 4 Ms harbor impt June 1 *38-'73 6 1.50 0.65 2Mb Feb 1 1939-1954.F&A 2Mb Feb 1 1939-54—F&A 112 $ 0.65 Alameda 4s 1938 to 1941-J&D 3.30 to 2 Bloomfield 4Ms Branford (T) 4 Ms 0.60 ft 0.60 ft 0.60 110M "S? n33£8 F&A *50-J&J _ 3s Feb 1939-1952 Puerto Rico— 6 3 112 103 Veterans Welfare— 107 4Ms July 1952 J&J 4Ms funding 1963 J&J 6s July 1948 opt '43 J&J 6s Jan 1 1950 opt '44-J&J 4s gold 1953 J&J 5s July 1954 opt 1943 .J&J 2Ms 1939-1946—. 1939-1952 to 2.20 100 101 0.50 Highway 1938-48-J&J30 1939-1947 F&A 6 0.65 1939-1947 Olympiad 1938-71— J&J2 ft 0.50 to 2.20 5s Feb 1952 4Mb Oct 1959 6a April 1955 Univ Bldg Jan5'39-65J&J 4s Harb Imp 1985 opt 5s Jan 2 1941-1943 to 2.25 103 104 104 101 4Mb 1957 99 110 CALIFORNIA to 2.50 114 J&J Philip Is Is 4Mb 1952 5Ms 1955-1965 5s 1959 opt 1939 1.50 1.50 6 0.50 11IIIII11 4s 1958-1960 2.75 to 2.75 to 2.65 103 102 4s 1Q44 3.55 99 M 99 3.30 2.80 to 0.40 to 2.00 2.40 to 2.95 { Bid prices for long and short maturities. County-— Metropolitan District 2 Ms Wat Sup '38-77M&N ft 0.50 (School District) ♦4Mb 1938-1947 -„-M&S „ 0.40 ♦4Mb Northeast 1959-J&D ft 3.00 4Mb 2d North 1944 T*-T *• 2.35 2.65 Sept 1955-ft ♦4M8 Wash't'n '41-'47 .j«j o 2.00 Killingly(Town)4 Ms'38-56J&J ft 0.50 to 2.90 % to 2.30 2.80 2.20 2.50 *3 Ms South to 2.50 to 2.80 Manchester— I: 1938-1944 M&N Manchester 9th School Dist— 4Mb 1938-1951 M&N Meriden (City)— .J&J 139-1943. 4Msl9 Middlesex County— 1Mb Bdge 1938-55—M&N New Britain (Go) ft 0.50 to 2.10 % ft 0.50 to 2.75 % ft 0.90 to 2.10 % 6 0.25 to 1.30 % Bldg 1948—J&J F&A 2.50 0.50 2.40 % to 2.75 ♦4Mb 8chool 1938-'52.F&A 0.50 to ♦4Mb 4s Munic 4s 6 Basis. 1938-1952 /Fiat price, n Nominal. 2.75.% 92 STATE Quotations for all securities MUNICIPAL AND BONDS possible for the closing day of the month preceding the date of issue are as near as Yield Basis Bonds To or Bid Ask Net Britian Continued— New F&A 1938-1969F&A ♦4Mb Sell Aug '38-'43_F&A ♦4s Park 1938-1943—_F&A 4Mb Water Aug 1941 1.60 4 Ms 0.50 0.50 0.50 to 2.00 1.90 2.10 to 2.75 to 3.00 *5e 1938-1951 J&J 0.50 New London— ♦4 Ms Imp 1938 M&S 4Mb Park July 1942--J&J 4 Ms Water 1960 r&A Nor walk (O) 4s 1954-1964.— •4 M® Sch March 1938-1953. 0.50 ♦4MsImprov't '38-'39—J&J 0.50 3 Ms 1938-71A&O 0.50 3Ms Sewer 1947-70- J&D15 2.25 5s 1938-1971 A&O 0.75 Nor walk (T) 4Mb 1942—J&D 4Mb Sewer 1940-68 M&S 6 "1.50 Norwich 4 Ms water 1939-M&S ♦4Ms 1938-1964 M&S15 5 0.50 4Ms Refunding 1939.A&0 •Plalnfleld (T)4Ms ,38-,57A&0 0.50 Putnam (T) 4mb '38-'46.A&0 0.50 •Ridgefield (T) 4Mb Jan 1 *43 Stamford (O) 4s 1942 M&N Stamford (T) 4 Ms *39-'45 J&J 0.75 ♦4 Ms Sch 1938-1965—M&N 0.50 4Ms High Sch 1939-69 J&D 1.00 Torrington— ♦5 Ms Fund 1939-'41 J&J 6 1.00 4Mb July 1 1939 J&J Wallingford (Town) 4Mb 1943. 1948. 1953 6s 1.75 0.40 2.60 2.70 Extl s Extl s to 2.75 Extl to 2.80 2.70' to 2~75 to 2.40 to 2.75 3.00 to to 2.90 1.90 to to to}2.60 3.00 2.80 to 3.10 to to Ext'l 0.50 to 2.40 to 2.90 to >3.00 to.2.25 0.90 to 2.00 1.90 to 2.70 6D.25 to 1.80 6 1.85 to'2.15 6 2.15 to]2.35 6 2.00 to.2.25 b 0.75 to 2.45 Wilmington— 4MsBldg—Con*53-'62 M&S 5 2.70 to 2.30 4Mb 1938-1958 (s-a)—A&O 5 0.25 5s 1947-1949 A&O 6 1.90 4s 1938-1941 A&O 6 0.25 4b 1942-1948 —A&O b 1.00 to 2.65 105 m to 2.20 to 2.00 to 1.25 to 2.00 108 45 7s 1938-1945 Extl s f 6Ms 1953 4M 4M J&J M&s 99 91 110 94 113 4Mb of 1883 4Mb of 1888 4s of 1900.. Funding 5s 1931-1951 „ 100 H F&A 100 M 20-year s f 6s 1950 J&D British 4s 1990 opt '60—M&N Brit Hungarian Bk 7 Ms 1962. .114m 102 115m 30 90 74 86 80 Hillsborough Co 5s Oct 1 1943 Hillsborough Sch Dist No 4— 100 103 99 101 b 2.50 to 2.80 b 3.50 b 3.00 to 4.00 to 2.80 69 / 67 103 5 2.75 107 to 3.50 b 3.50 to 4.25 100 105 98 100 89 91 Miami— M&N M&N 3.50 4.40 4.10 Ref 4M8 non-opt 1947-56— New Smyrna— 4.10 3.90 79 82 Ref 3-4M-6s Jan 1 1964 2.75 Orlando— Refunding 4s 1938-62.F&A Orange County 5s 1944--J&J J&J M&S Palm Beach (City of) 5s Pensacola 4mb ref 1941—J&J 5s 1958 J&J 99 4.40 101 4.20 4.50 4.60 4.75 3.80 99 103 Pinellas Co ref highway 88 Polk County 5s July 1 1938-40 5 3.00 St Augustine 5-4s stam'd 1955 63 5 Ms & 6s imp 1937 51 F&A St Johns Co Road 5s 1946—_ 100 Road 5 Ms 1944 M&S 100 f 7 Ms 1946. J&J (Colombians f 7s '47. M&N 3.25 *49 103 106 90 to 3.75 % \V* 103 103 58 4.25 98 4.40 97 100 4.00 99 Tampa— 50 m Extl s 2d cr b Basis. / Flat, nrice. 6s vr IV*" ob I#8„1945 8 f 7 Ms 61 17 Vs MIX 26 27) 24} "33" 35 37 34 if* 26 25 23 6m 28 27 26 5M 8M 17 M 12) 14) 23 27 29 H 28 17 m 28 25M 40 *75" 26 22 M 21M 19 / 60 104H 105 M 18 ser B ($ bds)M&N 19 17 J&J 183M 17 . Hungary (King) 7 Ms *44.F&A / 50" Ext at 4M% to 1979..F&A 48 Irish Free State 5s 1960.M&N Italy (Kingd) extl 7s '51.J&D Prestito RedimibUe 3Ms— Ital Cred Consortium for Pub wks ext 7s B'47 M&S Pub Util Credit s f 7s'52J&J 56 60 115m 80 81* 28 29 70 % 62 m 76 73 74 s 5 Ms 1965 M&N Oriental Dev Co 6s'53.M&8 60 m 60 % 62 Orient Dev Co 5Ms'58M&N 54m 63 Japanese Government— 35 , 23* P 37 M&N 25 23 24 101M 99 m F&A 50 / n 82^ 95 25 M q-j Extl s f 7s Sept 1946.-J&J Hungarian Land Mtg Instit'n Mtg 7Ms 1961 ser A..M&N Bk— * Last sale, 108" See Munich Bank Hungarian Cons Munic Loan 7s stamped 1957 Tax free in Connecticut, 108 35m 70 A&O Helsingfors (City) Finland— Extl s f 6Ms 1960 A&O A&O 7s stamped 1937 ♦ 1953. |f 6 Ms Extl f Cordoba (Prov) Argentina— Extl s f 7s 1942 J&J I!'4 i* Hessen. J&D 1957 24 22 m 82 8s'54M&N / (City)— f 7s 21 19 Gold 6s 1946 A&O / 20 Hanover (City) Germany 7s'39 / 20 m Hanover (Prov) Germany— 6s 1st series 1957 20 m F&A 6Ms 2nd series 1949...F&A 20 H Havana—1st 6s 1939 Q-J 20-yr s f 6 Ms 1947 A&O f 22 M Sink fd 7s (of 1926) '46 M&N / 22 M Sink fd 7s (of 1927) *47 F&A / 22 M Copenhagen 5s June 1 '52 J&D 100 M Cordoba 28 'i06m Hamburg (State of) Germany A&O Extl g 4 Ms 1953 50 Jan to June 1936 July to Dec. 1936 Jan to June 1937 July to Dec. 1937 Jan-June 1938 scrip Dawes coups Dec 1934 stpd / Apr. 15'35to Apr.15'37— / Young coupons Dec 1'34 stp / June 1'35 to June 1'37-./ German Prov & Comm Bks (Con Agr Loan)6Ms'58 J&D / 6s stamped 1931 Chinese Government— 4s 1946. Colombia Mtge / / / / / / / / / July to Dec 1935 6s Hukuang Rys 5s£..J&D 15 Coup No 39 due Dec 15 1930 Coup No 38 due June 15 '30 Cologne Germ'y 6Ms'50.M&S Colombia Rep 6s 1961. .J&J 55 106 M __ M&N 6% notes 1931 68 23H 100 - J&D31 J&D31 1961 20 / "27 6s part paid 1968. F&A 22M Guatemala 8s 1948..— M&N / 30 Haiti (Rep) 6s extl 1952.A&0 73 m . 1960 A&O Extl 8 f 6s Feb 1961 F&A Extlsf 6s Sept. 1961 —M&S Extl Ry ref 6s 1961 J&J Extlsf 6s 1962 M&S Extl s f 6s 1963 M&N S f gu 6s 6s 1962 20 Gt Brit & Ireland—See British Greek Govt s f 7s 1964.-M&N / 7s part paid 1964 M&N Sink fund 6s 1968 F&A f 6s 4.50 62 M n* Graz(Mun)Austria 7% assonted s 61 61 60 67 m 6s series B 1951 A&O Chilean Cons Municipal LoanExtl s f 7s 1960 ser A..M&S Chili (Rep) ext 7s 1942.M&N Extl 61 60 65 m 4.35 56 4.75 48 64 Ser A int ctfs 1938.A&015 Central Bank of Germany— 6s A 1952. _F&A 6s Oct 1961 5s June 1955 opt *25...J&J 5s W W Purch '38-72.F&A 6 64 Oallao (Peru) 7Ms 1944.-J&J Carlsbad (City) s f 8s '54.J&J Gauca Val (Dept of) Colombia 7 Ms 1946 A&O Extl sec 7s 1948 J&D Oeara (Brazil) 8s 1947 J&D Cent Agricul Bank (Germany) Farm loan 7s 1950..M&S15 Farm loan 6s I960.—J&J15 Farm loan 6s 1960..A&O15 4.60 Petersburg— Refunding— 3-5s Oct 1 1972 Suwanee Co Road 5M» 1946— 6 W4 31 % 1968.M&N / 32k J&J 63 60 A&O / Jan to June 1935.. 101 100 M 102 M Bud'pest(Oity)6sJ'n'3ocoup'62 Oali 60 M&N / July to Dec 1934 M&S s 69 69 63 7s unstamped 1949 / Default coups July-Dec'33. / 58 Jan to June 1934 / 40 Funding scrip.. Caldas—Ext 64} 64) 60 60 StpdfCanadian holder) '65 / German Extl 7s *49 stamp A&O / Bremen (State) 7s 1935..M&S 6s 1940 Brisbane (City) Australia f 7s 1967 Stabil loan 7 Ms 101) German Govt Internat— 5Ms loan of 1965 J&D / 26m 5Ms unstamped 1965 / 4s of 1910. 4s of 1889——— s 60 M 101 —_ — Sec 100 ^ Scrip Readjust 4M-4Ms '77.M&S Ref s f 4M-4Ms '76.—F&A Extl re-adj4M-4Ms '76A&0 Ext re-adi 4M^Ms'75M&N Extl s f 4s $ bonds 1984.J&J Bulgaria (Kingdom)— 102 97 m 102 m 106 H 98 h 7Ms ext 1941 stamped J&D 107 7Ms 100 . ..-plain 1941 German Conversion Offer— Funding 3s 1946 / 31m Int ctfs of dep July 1 1938.. / 90 German Cons Munic 7s'47 F&A / 22M Cons munic 6s 1947--J&D / 21 __ f 5s of 1957 8M 93 102 French Government— 7s ext of 1949 stamped-J&D 7s plain 1949 6s 1940 A&O Brazil 8% ex 1941 J&D 78 Cent Ry elec 1952 J&D Extlsf 6Ms (1926) '57.A&O Extlsf 6Ms (1927) '57.A&O 5s of 1895— 5s of 1913 5 f 5s 1958 76M 100 Frankfurt-on-Main (Germ)— 22 H 6 Ms stamped 1961 47 107 No. 1 5s 1938-1955.— A&O 6 4.10 3.75 Escambia Co 6s Aug 15 1951. 100 110 Gainesville 5Ms July 1938-40- b 2.75 to 3.50 6 3.75 to 4.25 5Ms July 1941-1975 J&J im /Rep) Ext 8s *47 M&N 7s stamped 1952.. 7 mb stamped 1947 50 112 105 . Refunding 5s Jan 1 1964. ihH Bogota (City) extl 8s *45.A&O Extl s f 6 Ms 1947 A&O Bogota (Mtge Bk) 7s May '47 7s Oct 1947. A&O 6s stamped 1961.. 45 Dade Co 5s Oct 1947-54.A&O Ref 3 Ms 1940-1947 -M&S Dade County (School No. 2)— Refunding 4s 1938-67.M&S Duval Co Road 5s 1955.-A&O Duval Co School District Jacksonville— 5s Jan 15 1939-45- J&J 15 5Ms Jan 15 1940-45.J&J 16 Refunding 2.60s Jan 1 1957 Lakeland 6s. Water & Light 5 Ms 1940-50 Leon County 5s July 1 1938-40 5s July 1 1941-55. Marion Co Road 6s Feb 1 '52. Road bonds 5s July 11952— 101M 21M J&D 105m J&J F&A 1955 Customs Administrations— 5 Ms of '22 ext 1961 2d series 1961 5 Ms of '26 ext 1st ser 1969 5M8of '26 ext 2d ser 1969 Dortmund Munic 6s 1948... Dresden (Ger) ext 7s '45 M&N Duesseldorf 7s to 1945 Duisburg 7s to 1945 El Salvador (Rep)—8sA'48 J&J Certificates of deposit Estonia (Rep of) 7s, 1967 J&J Finland (Repub) 6s '45.M&S 15 A&O 5Ms 58 2d Series 1942 21 Buenos Aires (Prov)6s'61 M&S FLORIDA Brevard County School Tax Districts No. 4 6s 1938-55— Columbia Co Road 6s 1955— Coral Gables— New refunding 2 M~5s. -1977 F&A 5 Ms Oust Adm 1940—A&O 2nd ser 5Ms 1940 A&O 21M Barrauquilla 8s 1935-40-46-48 s 101M 99 H ..—M&N Dominican Rep 5Ms '42.M&S 101 81 Bavaria (Ger'y) 6Ms '45.F&A / 20 Bavarian Palatinate 7s 1945— / 14 106 M Belg Govt extl 6M8 1949 M&S 106 M External s f 6s 1955 J&J 112 Extl sf 7s 1955 J&D 30-yr 888 B..A&0 104 Bank of 21 Extl 7s 1958 Extl sf 7s 1969 ser 8 104 m 107m Municipal Loan Trustrcts4Ms 1962 A&O 15 Denmark Mtge Bk—See Mtge 106 -A&O Bolivia f 8s 1952 Denmark ext 6s 1942 Extl 4Mb 1956 M&N Austrian Govt 7s 1957 J&J Baden extl s f 7s 1951 J&J Bank of Colombia 7s *47. A&O Berlin 6 Ms 1950 6s June 15 1958. to s Danzig Port & Wat Ways Bd Extls f 6Ms 1952 J&J s f extlloan 4s Apr "72.A&0 Australia (Commonwealth)— Extl 5s July 15 1955.J&J15 Extl 5s 1957 M&S 2.60 1.80 to 3.00 to 3.00 to 2.25 to 1.85 4Ms Impt 1937 WestJPalm Beach— Refunding 2-5s Ext Danish Cons 5Ms 1955 5s 1953 s f conv 4 Ms '71-M&N S f extl loan 4s Feb '72.F&A 7s 1948. 5MsPubWksJune30'45J&D / 76# Serial 5Mb 1937 J&J / 98M Czechoslovak Republic— Ext s f 8s 1951 ser A—A&O Extl 2.40 0.40 0-75 0.40 2.30 J&J J&J i Extl to —„ Cundinamarca Dep (Colombia) Extl s f 6 Ms 1959 M&N f Antwerp (City) extl 5s *58 J&D Argentine Repub— 6 0.50 b 0.75 St t: Bergen, Nor Ex.sf 5s '60M&S DELAWARE 2Mb April 1 1938-1947 2 Ms April 1 1948-1957 2Mb April 1 1958-1966 Kent Co 4Mb 1945-1950-M&S New Oastle Co— 6Ms 1938-1944 J&J Sussex Co 5s 1939-1970—J&J 4Mb 1938-1953 A&O 1952-1953 B 1945—J&J 7 D 1945.-J&J to*2.60 2.75 22 O 1945—J&J ser 2.30 0.40 0.50 ioom s f 7s 1957 1st ser.A&O s f 7s 1957 2d ser. A&O Extl s f 7s 1957 3d ser. A&O 8s 1946 0.60 0.50 5 Ms 1945 1950 6s 1940-1950 ser ser f 7s tol2.90 to 3.00 to 3.40 0.50 5s 100 % 20 m ^ J&D J&D . 22 m Extl f 7s 1951— A 1945—J&J / to 2.75 1938-1942 J&D 4s Water 1939-1965 J&J 4Mb July 15 1938-66—J&J 4Ms 1940-1953 —J&J •4 Ms Water 1938-64 J&J 5s Water 1938-1951—M&N 5s Water 1952-1971-M&N15 West Hartfd 4Mb 1943—j&D lb Mar 15 1938-48-M&S 1940-1950 f 7s s to 1.40 ser 2.20 0.75 ♦3s 5Ms f 7s s Ask Rn Antioquia Col (Dept of) Extl secsf 7s f UUUIU5 5s IVGI. Funding OG 1951. ...M&N J A-x .iViOOXl Costa Rica Pac Ry 7 Ms 1949/ 1 A M 17 1 f%A A Jt 5s1949 Cuban 5s 1944 opt 1911—M&S Extl g 4Mb *49 opt F&A Extl g 5s 1949-F&A Extl s f 5Ms *53 J&J 15 ... (Apr *35 coupon on, .1948 >22 M (Apr '35 coupon on). 1946 / *22 m 1.70 Bid (Republic) * 35 7s (Jan *35 coupon on) .1947 Akershus (Dept of) Norway. 5s 1963——. M&N Anhalt 7s to 1946 M&S to 2.76 Rica Ext CITIES J&J J&D Windam (Township) 4s 1939-1942 4s 1942-1952 Bonds * *40 tax-expt A&O 1943-1962 Miami Beach— 5 Ms 1938-1939 AND 7s ♦4s Apr 2, 4s 1938-46 Waterbury— ♦2Mb 1950-1962 ♦2Mb 1950-1962 Ask Costa Agricul Mtge Bk (Colombia) 6s (Feb '35 coupon on) -1947 to 2.00 New Haven— *4 Ms Bid Bonds FOREIGN GOVERNMENTS 56 87 m Nominal 88 1954 F&A 60 M 56 Jugoslavia—See Mtge Bank of 20 t Extl s f 6Mb 1958—M&S / 12M Lower Aust (Prov)7 Ms*50J&D Luneberg (City) 7s 1948JM&N / 21 Maranhao (State) Brazil— Ext s f 7s 1958 M&N / 18 Medellin (Munic) (Colombia) 7b extl Dec i 198l / §M 6M8 1954 / 7 Mendoza (Prov) Argentina— 7 Ms extl s f 1951 J&D/ Stamped 67 M 15 90 19 9) 9) 68 march, 1938] state and municipal 93 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 Bid Bonds Ask Tokyo (Oity of) 5s of 1912— 5s of 1912 1952 M&S 47 Extl s f 5%s 1961 A&O 58% Tolima (Dept of) 7s '47.M&N f 7% Trondhjem (City), Norway— Extl s f 5%s 1957 M&N 101 fUnion of Soviet Soc Republics Gold 7s 1943 87.28 Uruguay 8s ext 1946 F&A / 47% Extl s f 6s 1960 M&N 47% Extls f 6s 1964 M&N / 47% 3%-4-4% % extl readj s f bonds of 1937-1979--M&S 46% 4-4 %-4 % % extl readj s f bonds of 1937-78 F&A 46% 3%s extl re-adj 1984—J&J 39% Venetian Prov Mtge Bank— S f 7s 1952 ser A A&O 75 Vienna (C) extl6s'52 M&N .... Foreign Govts, and Cities (Concl.) Metrop Water Serv—See New South Wales Mexican Irrigation s f gtd 4%s Stamped assented Mexico (Republic)— 3% ..... . 4% 5s extl loan of 1899 19455s assented 1945.... 4s of 1904-1954 J&D 4s assented 1954 J&D Extl 4s of 1910 (£20 pieces) £100 and £200 pieces Treas 6 % notes '23 ext to '33 2% 3 6 6 64% 10% 10% Extl 6%s 1958 M&S Extl 6%s 1959 ser A. .M&S Montevideo (City) 7s '52-J&D Extl 50 Mtge Bank of Denmark— Exch f 5s 1972 s ser Warsaw (City) 7s 1958—F&A Warsaw (Land M Bk) 8s 1941 65% f 6s 1959 ser A.M&N s ; 3 £20 pieces — £100 and £200 pieces Milan (Italy) ext 6%s '52. A&O Minas Geraes (State) Brazil 101% IX J&D Mtge Bank of Jugoslavia— Secured s f 7s 1957 A&O / 43 55 5s funding 1956 Bid Bonds 102% 59 8% 55 - Nov '32-May '35 coupons. _ Nov '35-May '37 coupons Munich Bank— Hessen 7s to 1945 F&A / New South Wales (Australia)- 20% 49 49 49% 25 21% , 104 106% 106% 105% 104% 102% 106% Oslo s f extl 4%s 1955—A&O Panama (City) 6%s 1952 Panama Extl s f 5s 1963.. • 107 106 104% 103% 103 20 20% 101% \f 25 (Rep)ext5%s'53 J&D M&N Stamped 5% scrip.a Panama (National Bank)— 6%8 series O & D6%s '48-'49 6%s series A & B 1946-47— Parana (State) Brazil 7s 1958 Pernambuco (State of) Brazil 102% 40% 39% 26 15-yr 4%s 1940 Refunding 4%s 103% f 7s s sec s Gold Gold 5%s 1952 Gold 5s 1948 12% Coupons 1936-1937 Porto Alegre (City) Brazil— 10% — A&O/. 21 s s f 6a 1968 J&D J&D Certificates of s 9% J&J M&S s 4s s Stamped 1942. A&O A&O s f 7s 1961 Sao Paulo Brazil 8s 1952 . M&N„ s Sink fund 6%a 1946—J&D 6s 1947 Serbs Croats & Slov (King of) Extl 8s 1962 M&N Extl 7s 1962 ser B—M&N Silesia Extl 9% 15% M&N f 6%s 1957-M&N 15 / Saxon State Mtge Institution Sink fund 7s 1945 J&D Extl (Prov) Poland— f 7s 1958 J&D _ s Silesian Landowners Assn— (Bank of the) 1st 6s 47 F&A / 21 Sydney (City) N S W— 25-yr s f 5%s 1955 F&A 101% 105 93 89 95 93 87 91 86 90 89 90 85 ... 12 30 6 3.75 6 3.00 Ontario (Prov) 6s '43—M&S15 5%s 1946 -J&J 5s 1959 M&N 1944 _M&S Jan 15.'39-'47—J&J 15 Jan '15 '48-'57.J&J 15 1938 M&N 15 1939-1970 M&N 15 54% 54% 53% 53% 53% 53% 52 51 4%s 1938-1956 2.00 52% 52% 51 51 8* 49% p 99% 99% 95 95 90% 71 72 75 72 75 102 104 111 113 102 105 104 106 to to 2.75 6 2.00 to 100 100 IDAHO 1.50 Cap Bldg 1939 ..J&J Impt 1938-47 opt '30 Ref 1938-1939 A&O ref 1940-45 A&O Road 1939 opt '27—J&J Boise City 4%s 1951 J&J 2.00 1.50 2.25. 1.50 3.50 ILLINOIS 0.40 4%s Serv Oomp '38-43.Aug 1 0.40 4%s Serv Comp '38-'43.Aug 1 0.40 4%s Serv Comp '38-'44_Aug 1 0.40 48 Highway 1938-43 May 1 1.80 4s Highway 1945-54 M&S 4s Highway 1955-58 2.30 M&N 3 %s Emerg Rel '38-'47 Dec 15 6 0.60 3 %s Emerg Ref '48-'54 Dec 15 5 2.00 A \X a 1938-1961 Champaign 5s Road 100 120 121 103% 103% 105% 104% 104% 106% 30 33 116% 108% 110% 117% 117 118 121% 111% 122% 112% to 111 115 6 1.75 to 6 2.60 to ... ... M&N15 t Quotations per 100 gold rouble bond, equivalent to 77.4234 grams of pure gold. 100% 101 to 120 101 to 117 6 1.50 6 2.60 6 2.90 4%s 1954 Board of Education— 3s 1957 opt 1939 3s 1957 opt 1941-43 3s 1957 opt 1945-47. 3 %s 1955 opt 1946 100 99 % 99% 0.75 2.50 % 2.80 % to 3.00 .10 to to I: 100] 1003 101 3.00 ... 4%s 1954 opt 1944 Chicago Park District— 3 %s 1956 opt 1946 4s 1955 opt 1939 4s 1955 opt 1940-'44_. 4s 1955 opt 1945-'47 4s 1955 opt 1948-'55 2.80 101% 102% 1.00 6 2.00 to 2.90 6 3.00 to 6 3.10 3.05 to 3.25 District— % I 1.00 6 2.00 1945-'47 1948-'54 Cook County— 4s 1956 opt 1939 .......... 4s 1956 opt 1940-'44 4s 1956 opt 1945-'47 4s 1956 opt 1948-'53 Elgin Sanitary Dist— 5s 1938-1944 ...M&N to 2.90 6 3.00 to 3.05 6 3.10 to 3.20 6 2.00 6 3.00 to 2.90 6 3.10 to 6 1.00 to 2.25 6 1.25 to % 1 1.00 to 3.05 3.20 % Evanston S D No 76— 102% 102% 4%s June 1 110 105 4s 1945-1948 t6"l07 120 113 101% 2.25 2.80 4slf~~ 939 4s 1940-1944 Sanitary 2.50 2.85 100 2.90 3.15 4s 1955 opt 4s 1955 opt to % 100 4s 1955 opt 1939 4s 1955 opt 1940-'44 109 to Chicago— to"ll6 109 % 2.35 % % 2.30 % to 1.90 to 2.25 100 100% 101% 101% to to 3.25 3s 1956 opt 1945-49 3%s 1951 opt 1940 3%s 1952 opt 1945 3%s 1953 opt 1946 3%s 1955 opt 1951. 99 to 2.25 6 1.00 1938-1943—M&N 102 97 to 1.70 % 1.75 % 1.70 % 1.60 % opt 1952 M&S 6 2.00 County— 100 101 to \\7ofAfi 3s 1941-1944 3s 1945-1948 99 to to Bloomington— 3s 1957 opt *39-'40 3s 1957 opt '41-'42 99% 96% 99% 98% 108% 109 3.25 % 95 103 102 118 3.50 5.00 95 101% 100% 100% 108% 108% 2.25 2.25 2.25 3.10 to 103% 105 to b 2.00 105% 112% 102% % 2.00 b 4.00 108 102 3.00 b 2.25 102 115% 107% 109% 116% to 6 3.25 106% r 2.60 to 4.00 b 2.50 104 99% 100 2.00 4%s 4%s 4%s 4%s 4%s 100 93 * J&J 6 2.00 4%s Drainage 1944...F&A I 4%s Refunding 1959—F&A Spalding Co—5s ,39-'49--J&J iSwainsboro 6s 1938-50—A&O iValdosta 5s 1939-1942 Jan Ware Co 5s Road 1938-49 J&J Watkins S D 6s 1938-50.M&N Woodbury 6s 1938-49.-.J&D 52 51 102 4%s Mar 15 1960-.V.M&S to 3.00 52 51 105 — 2.50 to 2.90 to 3.50 52 M&N 4%s 4%a 1938-1942 J&J 4%s 1943-1960 J&J Quebec (Province)— 8-yr 2%s 1944— M&N 15-yr 3s 1951 M&N 3%s 1949 J&J 3%s s f deb 1952 J&D 4%s 1961 M&N 4%s 1946 J&D Quebec City— 5s S F (non-call) 1960-M&N Saskatchewan (Province)— 6s 1943 (non-call) J&D15 1959 (non-call).. M&N 4%s July 2 1945. .J&J2 4%s 1955 to 4.25 6 2.25 Pulaski Co 5s 1938-48 J&J 6 2.25 Rome 4s Mun bidg'38-'39 A&O 6 1.75 Savannah—4%sref 1943. J&J 6 2.50 107% 112% 111% 113% 111% (Prov)— 4s Nov 15 1957 103 4s 1949-1950 6s Munic ~ 5s Jul Scrip Extl 86 to 2.00 52 M&N Hydro Elec Pow Com— 4%s Jan 1, 1970—J&J 2 Ottawa Oity 5s '38 *45—_J&J Santander . 88% 80 4s Pav & Sew '38 to *39-J&J 6 1.75 Marietta 5s W W 1939 F&A 6 2.25 52 4s May 15,1938-43.M&N 15 4m May 15,1944-57.M&N 15 4s May 15,1958-68.M&N 15 Santa Fe (City) Arg Rep extl (Dept) Colombia Extl s f 7u 1948 A&O Santiago(City)Chlle7a '49 J&J Scotia 4s 1941 f 7s 1940 •7s 1945.. 4s 1945 stamped 95 92 87 86 Macon Commissioners— 5s Nov 1, 1969 4%s 4%s 4%s 4%s 4%s A&O Santa Fe (Prov) 7s 1942.M&S Sec 92 89 J&J 6 1.75 J&J 6 1.75 5s Water 1939-51 92 Deb 5s 1960 M&S Deb 4%s Sept 15*52 M&S15 Deb 4%s 1960 M&N 15 10 f 6s of 1928.1968 J&J 6s 1943 Extl 98 90 101 83 Nova 13% (Brazil) State of— 8% external loan 1936.J&J Extl 8s 1950 108% 95 109 87 4%s non call 1958.M&N 15 4%s s f Apr 15,1961 A&015 4%s 1955. M&S North Vancouver 5s '60-.J&J San Paulo Extl 7s 1956 107 100% 108% 81 New Brunswick— — 8s 1948 88 ctfs of deposit 1948... Santa Catharina (Brazil)— 8s 1947 F&A -- mmmmmm to 2.50 90 Harbor J&J (Mtge Bk) 6s ser A *47 M&S 6s series B 1947 A&O Salvador 7s 1957 J&J Certificates of deposit— 4s scrip ... 107 111% Cordele 5s W W 1938 84 „ deposit (City) Germany f 6s 1953 102 108 Bibb Co 4%s 1948-49—M&N 6 3.10 Crisp Co— Hydro-elec 5s *39-'57_F&A 6 3.25 Dougherty Co 5s '38-'48 M&S 6 1.75 53 3%s refdg May, 1939.M&N Metrop Co 4%s '53.'54&'61 4%s May 1, 1965 M&N 5%% ext loan Dec 1921... Extl - mm 89 53 Montreal 5s Dec 1, 1945. J&D 58 s f Nov 1, 19& M&N 4%s May, 1954 4%s Jan, 1944 J&J 4%s 1938-1939 A&015 4%s 1940-1951 A&O 15 4%s June 1, 1971 J&D 4s May 1,1944 M&N Rome extl s f 6%s 1952—A&O Rumania (Monopolies) Institute 7s 1959 F&A Russian 6%s June 18 1919—. Certificates of deposit—-jJ Saarbrucken - ■ to 2.75 to 2.75 4%s Dec 15,1956—J&D 15 , Sul f 7s 1967 Extl - ^ Augusta-r-4%8 Flood'42 M&N 6 2.25 Clarke Co 5s 1939-1944—J&J 6 1.75 Columbus—5s 1938-44 J&J 6 1.75 Manitoba (Prov) 5s '44-J&D 2 4%s May 1, 1945 M&N (State) Brazil ext s f 8s 1946—A&O 7s extl s f 1966.. M&N Extl 102 111% 113% 111% J&J A&O J&J 4%s 1938-1946 J&D 29 4 %s 1947-1956 J&D 29 4%s s f deb Jan 23 *69 J&J23 Calgary 5s July 1,1945—J&J Edmonton (O) 5s *45&'50A&0 5s sf 1955 & 1960 A&O 101% 112 Halifax N S 4s July. 1945 5s Jan. 1951 J&J Hamilton— 4s Elec L & P1941 A&O Lachlne P Q 5s 1954——J&D Queensland (State) 7s '41 A&O Ext g 6s Feb 15 1947 F&A15 Rio de Janeiro 8s 1946... A&O Extl s f 6%s 1953 F&A «%s 1959 Do 5%s 1947 101% 98% 101% 103% 107% 108% 107% Brit Col (Prov) 5s *48..J&J 15 5s Apr 25, 1954—..A&O 25 Dollar funding 3s 1956. A&O 6s 1933 Rio Grande - 96% 5s 1950 A&O 15 Gold 5s 1959 A&O 4%s Jan 15, 1942...J&J 15 Deb 4 %s 1956 A&O 4%s Jan 15.1957 J&J 4%s July 16, 1958 J&J 4%s Apr 1, 1961 A&O 4%s June 1, 1967 J&D Debenture 4s 1954 J&D ... 1947 1952.! — , J&J 6 1.25 to 2.20 2.80 J&D 6 3.10 Athens—4%sJune 30 1943 Atlanta—4%s Jan 1 1940-J&J . 101 101 A&O M&N 30 Poland (Rep of) 6s 1940.A&O Stab'n 1 s f 7b 1947-A&0 15 Extl s f 8s 1950 J&J 6s J&J14 4%s 1942 and 1967—_F&A Verdun deb 5s 1954... Winnipeg, Man 5s '44 A&O 4%s non-call 1944—.M&N 4%s June 1 1946 J&D 4%s June 15 1950-^J&D15 4s Aug 1 1946 F&A15 102 101% 98% 88% M&N 40% 100% 99% 100% 101 M&S 5s May 1952 Alberta (Prov of)— 47 100% 102% 1944.A&0 Refunding 5s 1943 f 78 1959 Sinking fund 8s 1961...J&D S f 40-yr 7%s 1966 J&J 7s 1968 F&A Prague (Greater) Oity—■ 7%s loan of 1932-52..M&N Prussia 6%s 1951 M&S 15 ... Road 5s 1949-53 99% J&D M&S 5s Nov 15 1941 33 103% M&S _M&S Nat Loan extl 6s 1960- J&D Extl s f 6s 1961 A&O Extl Peru M 116 92 GEORGIA 4%s ref 1938-1945 Albany—5s 1945 1% notes 1941 2%s Jan 15 1944—J&J 8-yr 2%s 1943 -J&D 7-yr 2%s 1944. M&N 10-yr 2 %s 1945 F&A 20-yr 3s 1955 J&D 3s perpetual M&S 3s Jan 15 1967 J&J 14-yr 3%s 1951 M&N 25-yr 3%s 1961 opt *56 J&J 15-yr 3%s, 1949 A&O 20-yr 4s 1952 A&O 30-yr4s 1960 A&O 103 102% Norway ext 6s 1943 F&A External s f 6s 1944—F&A 4%s extl sk fd, 1956—.M&S 4%s extl sk fd 1965—A&O Sk fd extl 4s 1963 F&A Norway Municipalities Bank Guar s f 5s 1970 J&D Nuremburg extl 6s 1952.F&A Oldenburg (Free State) 7s 1945 Oriental Devel—See Jap Govt 5s 1940 & 1941 var 5s 1945 & 1946 var 5s 1950 & 1951 var 6s Jan 15 1970 110 110 Appling County— Dominion of Canada— Is (1%-yr) 1939 22 Met Wat Serv & Dr Board S f 5%s 1950 A&O s A&O A&O A&O 102 102% 65 62% CANADA 103% Extl F&A f 1957 1938-1939 1940-1941 1942-1945 1946-1961.. A&O 4s £ July 1 1948 J&J 3%s July 1 1944-45 J&J Vancouver. B C 5%s *39.A&O 5%s 1952 F&A 85 77% 59% J&J J&J J&D J&D J&D 1950-1959 4%s 4%s 4%s 4%s i!h 44 f 5s 1958.——A&O s 5s 53 (American Dollar Quotations) 101% 101% 58 extl Ask Bid Toronto 6s 1938-1940 5s 1940-1950 5s 1938-1939 5s 1940-1949 91.92 56 56 60 Bonds 102 ...... Second 5s 1956 To Net or Net Toronto (Concl.) 52 22 20 - . Ask / 59 / 50 22 Westphalia (Prov Bk) 6s 1933 / 6s 1936... / 5s 1941 / Wurtemberg 7s to 1945.M&N / Yokohama extl 6s 1961—J&D Yield Basis To or Net 100% 97% 99% M 110 107 75 77 71% 73% 72 68 74 70 67 64 69 66 1938-1948 Forest Preserve— 4s 1956 opt 1939 4s 1956 opt 1940-'44 6 2.00 to 4s 1956 opt 1945-'47 4s 1956 opt 1948-'52 6 3.00 6 3.10 to to 3.00 % 1.00 2.90 % 3.05 % 3.20 3.50 Granite City 4 %s 193848 J&D 6 2.50 to Jackson Co 4%s 1938-46.J&J 6 2.00 to 3.25 Lake Co 5s Road '38-'49_F&A 6 2.00 River Forest S D No 90 4%s 1938-1944 J&D 6 1.50 to 2.75 % to 4-00 INDIANA Elkhart 4%s WW '38-75 A&O 6 2.00 Exansville 4s ref 1942 J&J Fort Wayne to 3.25 4%s 1938 to 1941 A&O 6 1.50 to 1.90 1942 to 1946 1947 to 1957 A&O 6 2.10 A&O 6 2.50 to 2.50 to 3-00 6 Basis. / Flat price, k Last sale, n Nominal. % ?2S 94 STATE MUNICIPAL AND Yield Basis Yield Basis To or Bid Bonds Fort "Wayne School Dist-5s Oct 1 1938 1943-.---- 6 1.76 Oary Sch City 4 Us Oct Hammon (City)—* to 3.25 % 3 Us series R 3 Us series Q %J_ &0 I Indianapolis S J>— 2.25 4a Blag Sept 1 1946—J&J 2.00 3 Jus July I 1041------J&J 6s Oct 20 1938-39—-A&O b 1.50 to 1.75 '50 So Bend 4«sWW 43.M&N 1939-1948-F&A 6 2.00 % 5s 6s 5s 5s 5s 5a to 1.25 Ctedar Rapids 4 Us'49-'53M&N Clinton Oo 2Us 1942..M&N b 1.40 to D^mLniU^.?.MtrN » 1.00 1940-1941 —MAN b 1.25 to 1.25 1957-1967 1959-1969 5s 1972— 2.90 to b 0.75 b 1.00 lessll b 2.20 lessl* less 1 less Marshal ltown Ind 8 D—5s City Hall 1938-39-MAN Marshalltown— 4 Us Water 1938^2 -AAO 4Us Water 1943-'44. A&O Sac do 2Us May 1193847.Sioux Oity 6s *38*45 -FAA15 z 6s Ref Aug 15 1940—F&A15 4 Us Sewer 1938-47—MAN 1 to 2.15 Lyon Oo 2 Us May 1 1938-47- b 1.00 ^ - 2U® - 1938-1956----—JAJ Sioux Oity S D 5s to 1.00 b 0.50 to 1.80 1.00 2.25 1.00 1.00 1.50 1.00 b 0.90 ^ 2.35 to to 2.15 2.75 % to s 1 to 2.50 1941—JAJ b 1.50 Woodb'y Co Fund 2Us'42-'40 b 1.50 1 2.15% less to 4 Us 1939 .... Kansas Oity 5s 1942 FAA 4Us Wat A Light 1944-JAJ 4Us Wat Plant Pur '39. JAJ 4 Us Imp July 18 '49—JAJ Board of Education— 0.60 to 2.40 2.50 1.00 2.40 0.75 2.00, 0.75l« 2.50 l".75 1.90 4s 1938-1939(tax-ex-). .JAJ 6 1.00 4s Tunnel A Sub 1948.J&D 4s Sub 1957 tax-ex——AAO 4s Sub 1958 tax-ex....JAJ 4s Tun A Sub'59 tax-ex.JAJ 3 Us 1938-1951 MAS 6 1.25 3 Us June 11943 JAD to 150 to 3.30 107U 107U 102 U 103 U 2 Us ser B 1939-62... JAJ 6 0.75 6 0.50 2 Us Dec 151938-1960_ 6 0.50 Bowling Green—5s 1955.JAJ 3 Us June 11944—.JAD 3 U« July 1 1945 ..JAJ 6 0.75 3s April 1 1938-1957 6 0.75 2U April 1 1938-1957 2Hs Sept 1 1938-1950.MAS 6 1.00 2Us 1938-1955.......JAD 6 1.00 Metropolitan District— 2 Us ser A 1938-58..M&S 6 0.50 96 U 102 102 Braintree—4s 1938-1941—JAJ b 0.50 0.75 102 U 102 U 102 101U 101U 102 103 103 102 U b 3.95 b 3.90 106 108 104 106 109 110 4.00 2.75 1.75 2.80 2.40 2.80 to 3.60 JAD15 6 0.50 4 Us 1938-1942 J&J 6 0.50 38 ctfc of indebt *38-'50— AAO 6 0.50 2 Us ctfs of indebt, 2.80 2.10 2.25 2.75 2.75 1.75 1.30 1939-1951 AAO 6 0.75 1940-1952 June A Aug 15— 6 0.90 Annapolis 4Ua W W '42.AAO 6 2.60 ...... 48 Parks 1955 4s Mar 1, 1981— to MAN MAS .00 2*25 to 3.70 65 "I Too % / Flat price, 6 2.60 to 2.80 to 1.90 6 0.50 to 2.50 to 2.00 to 2.75 to 2.00 2.00 to 4s July 1 1948-50 J&J 4 Us 1939-1953— FAA Wellesley (Town) 4s Mar I 19381946—MAS 3.75 0.40 0.75 Winchester 4s 1939-1943 AAO Worcester Apr 1 ,38'46. 6 0.40 3.00 Less 1 on to 1.60 to 2.10 to 1.75 to 1.90 to 1.75 to 1.60 2.75 See Foreign to 2.00 „ 3.25 to 2.50 % Govts page 93 MICHIGAN 1.50 1.50 1.50 less J&D 1.40 less '"'s Highway 1943....-FAA 1.70 1.70 1.60 less s July 15 1941 s Oct 15 1941 5 Us Highway 1941 5s Highway 1940 s 4s -J&J 15 A&O 15 .J&D Highway Impt 1944 AAO Highway Impt 1942—A&O Ann Arbor— W W ref 4 Us^ 1938-1948 J&J 6 1.50 3 Us 1944-1946 6 2.00 less less less to 2.25 to 2.10 * Battle Oreek— 6 1.50 to 2.00 % 6 1.50 to 2.50 % M&S 6 1.50 to 3.25 % „4Us Sewer 1938-40—MAN Battle Oreek S D—- 4 Us 1939-1949 —FAA Bay Oity— 5Us w w 19381951 to"0.90 to 1.20 to 1.20 to 2.10 _ Dearborn— 4Us Sewer *48'51-'56.AAO 6 3.50 to 3.80 % Detroit- General 3 Us callable 48..— to 2.10 (Long) . to 2.10 4Us 4 Us to 2.50 84 87 89 93 non-callable.. Water 4s—....——. to 2.80 to 1.80 QQ ...... 613.85 87 89 91 94 100 3. % 6 3.90 less U 6 4.00 less 1 Refunding~Water*series D^ 3 Us Oct 1 1951-1961— *. 64.701 to 3 Us Oct 1 19381950 61.00 98 3 Us Oct 1 1948-1950— to 2.75 to 3.50 6x4.75 to Par 64.901 ess 1U Refunding 3 Us *57-'62 JAD 99 Refunding 4s '38*56.-JAD General A Street Railway— 6x4.00 to 4.80 % ^3 Us Oct 1938-59... ess 1 General 3s Oct 1 1959-62... 64.80 Water 2Us Oct 1 1938-62— 6 1.00 to 3. % Refunding 2Us 1951-63 J AT 6 4.801 ess 1 Refunding 3 Us 1939-50 J&J 6x4.00 »to 4. % „ 2. - to 2.60 to 2.50 to 1.90 2.55 ..—JAJ MAS x 1.75 to 1.90 48 1938-44 (tax-ex) FA A 6 0.40 Waltham 3 Us 1938-45-.F&A 6 0.50 4s 1938-1960 FAA 6 0.50 0.40 lUs 19381947— FAA Warren Water District— to 6 Basis. to Springfield— „ to 0.90 4s 1972-1975-... 8 Us Impt 1940 3 Us March 1945 to 2.10 to 2.25 4s School 1938-1939..MAN 6 0.50 4s 1945-1971.—....MAS 6 2.00 4s Regis'd stk 1946-57 MAN 6 2.10 4s 1938-1944. AAO 6 0.50 MAS 6 2.40 MAS to 2.60 Somerville— 4s 1956-1965 3.00 } Less 1U on bid side. AAO 6 0.50 MAS 6 2.00 5s Water 1961.—.....AAO 5s registered 1946 MAS 4 Us Mar 1. 1938-'55..MAS 6 0.50 48 Aug 1, 1951.......FAA 4s Annex 1954........J AD to 1.75 to 1.00 to 2.30 to 1.00 5s 5s 1938-1961— 5s Gen Imp 1943-45 to 2.00 to 1.75 to 1.25 Baltimore— 3.75 1.75 3.20 to 1.90 to 2.30 „ 6 0.50 to to exempt) MAN 6 0.50 .to 1.80 Pittsfield— 4s Dec 15 1938-1944... J&D 6 0.50 to 1.90 0.50 to 2.90 2s Dec 119381955 J&D 0.50 to 1.15 Quincy 3 Us 1938 to '39.-A&O Salem 4s Jan 1 *39 '54 tax-ex. 6 0.50 to 2.50 J£ to 2.75 JAJ Bdge *38-'40JAD15 Is 1938-1942 2.80 LOUISIANA b'l'M ..MAN 1952-1958. to 3.10 (tax-ex) FAA 6 0.50 to 2.90 Medford— 3 Us 19381942 tax-ex.M&N 6 0.50 Needham— 4 Us 1938*43 (tax-ex) .AAO 6 0.50 New Bedford— 4s Sewer 1938-1941 (tax MARYLAND 3.80 6 2.50 July Sb Rd A 4 00 Short Term BondsState Highway— 5s series A, B A 01940-1943 6 2.00 5s series A Mar 1 1943— 5s series F Mar 15 1943— 6*2.50 A&O School 4 Us 1938-41—JAD 6 0.50 Lynn— 4s *38*39(tax-exempt) MAN 6 050 4s 1940-51 (tax-ex).. .MAN 6 1.10 Maiden 4s '38-'44 (tax-ex) FAA 6 050 Portland Bridge Dist (taxable) 3 Us July 1,1938 to 1939 6 0.75 to 1.50 % Portland Water District— 4s Funding 1938 1.00 % JAD 4s Funding 1948 ..JAD 6 2.40 Saco 4s April 1939......AAO 6 2.00 South Portland Sewer Dist— 4s 1938-1950— MAN 61.00 to 3.50 Waterville 4Us 1940-50— 2.50 to 3.50 Westbrook 4Us 1938-48. 6 1.00 to 3.00 3.45 3.45 3 45 3 45 3 30 330 Warren Co—4Us'39-*59 JAJ 6 4.00 to 2.15 to 2.25 Lowell— Water District— 4s O H *38-'45 tax ex.-AAO 6 0.75 4 Us w w 1938-1970-AAO 6 4.10 State Pension 5s Dec 31 1938 108 109 Portland— Paducah—> 4s Janl 1942-1956— 3 Us Jan 1 1957-1961 106 6 4s to 1.75 .... . 107 4s Ref May 1, 1950..MAN 6 3.00 Old Town Water District— 4s July 1938-1939 .JAJ 6 1.25 3.85 3.80 to 2.75 3 Us May 1 '45 (reg).MAN 3s Bridge 1941. FA A. .——.JAJ Us, 1938-1945 2.75 to 2.70 6 2.00 Cambridge- MAN Kennebec 102 U 102 102 U to A&O 6 0.50 4&1939-*50 .JAJ 6 0.75 0.75 Augusta—4s Oct 15 1938-1955 4s Wat Wks Sept 1 1938-40 6 0 75 Bath 4s Ref 1941 tax-ex. J AD 6 2.50 Belfast 4 Us Ref *38-*50 MAN 6 4.00 Brewer High Sch Dist— 4 6 1.00 103 3.00 4s 1938-1947 tax-ex 104U 104 4s 1938-1940 tax-ex 102 U to to 2.60 Is Octl 1946-1949. ^ Auburn— 102 U 2.70 3.00 to 3.00 to —... H'way A Bdge *38-*54.AAO 0.75 4s Sept 1, 1938-1953....MAS 6 0.75 4s Hlghw A Bdge *38-*39 MAN 0.75 4s Highw A Bdge *40-44 MAN 1.50 4s State Pier 1938-1942..MAS 6 0.75 3 Us 1938-1939.... MAS 6 0.75 3 Us 1940-1951 1.50 —..MAS 2slmprove'mt 1938-50 —AAO 6 0.75 to 2.30 2.60 to 3.00 Brockton— to MAINE to 1.80 101U 102 U 2 Us Oct 1 1938-62—AA _ 94 U 5s Covington— 0iWW Jan 15'39-*61 JAJ15 6 3.60 4 Us Fdg 1938-48 FAA 6 3.60 4Kb 1938-1950AAO 6 3.60 4 Us WW 1939-51—JAJ 6 3.60 4s Fdg 1952 opt '42—FAA 6 3.50 4Us School Jan 11939-69— 6 3.50 Henderson County— 4.20 4 Us RAB Oct l'38-*56 AAO 2.90 Lexington—4s 1945—FAA 5s SD 1938 JAD 6 2.25 Louisville—5s Sch 1962—AAO 6 2.90 4 Us Hospital 1951 MAS 6 2.50 4 Us Ref 1965 JAD 6 2.95 4 Us Jan 1 1970 FAJ 6 2.95 s 4Us Hewer 1959 8ewer_ 1969 J&A 6 2.95 4s Sewer 1947 —FAA'6 2.25 4s Lou W Oo 1950-F&A6 2.35 4s Sewer 1965——FAA 6 2.85 4s Jan 1 1970 JAJ 6 2.85 3 Us Ref 1943—JAJ 6 1.90 3s Sew A Park 1941 JAJ 6 1.50 Owens boro—5s Sewer—JAD 6 4.00 4 Us Tun 1960 tax-ex.. A AO 4 Us Dec 1976 JAD to 3.40 4 Us May 2.1938-67-MAN2 61.00 to 3.55 Tensas Basin Levee District— 5s Jan 1957. 108 —JAJ 106 U to 2.30 to 2.50 101 — 4U® 8 I *42, *47 A '52MAS 1U on bid side. Boston— 104 U 5s Dec 1. 1938-1969—JAD 6 2.00 4 Us W W A Sew '38-'54JAJ 6 1.00 KENTUCKY Less 108 Shreveport— „ * Arlington 4s'38-'42(tax ex) JAJ Beverley— 4s 1938-1945 (tax ex).MAN 4Us Septl 1981——MAS Red River A A B B District— 5s 1950 Series B ..AAO 5s Mar 1953 opt 1943.MAS 53 1965 Series D FAA — Project No 131953Project No 141945 Ashland— 107 U 101 u —AAO 1944 July 1968 _ to 2.65 102 to 2.25 to 1.20 to to 2.65 _ Bridge Revenue Refunding— Project No 1 July 1 '50 JAJ Project No 2 July 1 '50 JAJ Project No 3 July 1 '50 JAJ Project No 9 July 1955 JAJ Project No 8 July 11945— Project No 10 July 1 *50 JAJ Project No. 11, 1952 Project No 12.1947 to 1.90 to to 2.60 to 2.15 2.15 to to 6 0.50 109 " 0.75 Topeka 8 D 4Us Mar 1 '38-'46 0.75 Wichita 4 Us 1938-46—JAD Wyandotte County— 4 Us Bridge '39 to *41-FAA 5 0.75 4 Us 1939 JAJ 4Us 1940-1945 JAJ 6*1.50 104 3.50 3.60 — Pen tchartrain District— Leavenworth— 4Us Water 1939-1947-JAJ 5 0.75 to 2.60 2.50 Leavenworth Oo 5s 1945—— 5 2.60 2.50 2.30 McPherson 4 Us 1945— 1.75 1.50 Reno Oo 5s 1941 2.50 2.35 Saline Oo 4 Us 1945 — 1.50 1.25 Sedgwick Oo 4 Us 1940 2.25 2.10 Shawnee Oo 4 Us 1944 2.50 2.40 Topeka 4Kb 1948 ^ 3.70 % 102 6 3.60 6 3.70 Chelsea 4s 1958 ..MAS Everett 4s 1941-1956. J&J 6 2.00 4.00 Fall River— Orleans Parish Sch Board— 4 Us 1938-1941 ..MAS 6 0.50 5s 1938-1944 4s 1938-55 (tax-ex)...MAN 6 0.75 JAD 6 2.00 to 3.10 5s 1945-1967 3.80 Franklin (Town)— —JAD 6 3.90 4 Us Plaquemine Parish E Bank— 193844...MAN 6 0.50 58 Oct 1952...—. 102 _AAO 100U _ 0.75 4 Us 1939-1953— FAA 0.75 4 Us 1938-1953——JAJ Sch Dist 4Us 1939-'54JAJ b 0.75 3.50 to 6*0.50" *4Us 1938-1961 AAO •4 Us Sept 1.1938-'68.MAS 4Us Non-callable 1952 JAD 0.75 1.75 1.00 2.00 2.25 1.00 2.65 to 6 2.00 1 Us Pub Wks—Septl 5'38-'40 6 0.50 Is Pub Wks Feb 151939-41 105 U 107 4s July 1 1940-1952 101 4s Mar. 1 1942-1964-MAS 6 2.80 Orleans District— 5s July 1938-1939. .JAJ 101 5s July 1940-1949 ..JAJ 104 5s July 1950-1959—..JAJ 104 KANSAS Soldiers* Compensation Bonds 4 Us. 1938-1952 JAJ 4s. 1953 1954---------JAJ Crawford Oo 4U> 1939 Hutchinson— to 3.60 3U8 Water 1942 —...JAJ 3 Us gold July 1944 MAS 3s gold July 1 1939 ..JAJ 3s gold Water Jan 1 1941 -JAJ 2 Us Dec 1 1938-1947 JAD 6 0.50 2 Us reg July 1 1938-67 ;. 6 0.50 _ JAJ 1944 4s Pub Impt '52 opt '42.JAJ 4s Pub Impt 1942...-.JAJ Orleans Levee District— 3 Us July 11953-1968 2.30 to ^ 6 1.25 6 1.00 MASSACHUSETTS ' , _ lessl^ b 2.20 107 107 U 108 108 U 107 U 108 Ask 2.50 2.80 2J20 4s 1938-52 (tax-exempt)..Var 6 0.50 4s Water regtetd 1938-58.JAJ 6 0.50 3 Us 1956 ref (tax-exem).JAJ „ to 1.50 b 2.25 b 1.00 106 106 U 107 Lake Borgne Dist Levee— 6s Dec 1952 opt 1942-JAD New Orleans—Public Belt— 5s 1939 44 opt 1939-JAJ to 1.75 6 2.30 105j 1053 —AAO 15 ..—FAA 15 5s Jan 1954 opt 5s 1956-1970 1.50 3.50 to 6 1.00 104 104 104 U JAJ or 102 103 4 Us 1939-1944 AAO 6 2.25 to 3.25 4Us 1945-1966—-AAO 6 3.40 to 3.90 Public Belt Bridge Rev— 2.75 4s 1939 1945 AAO 6 3.00 102 U 4s 1946-1956 AAO 101U 4 Us serial gold 1939-45— 6 1.25 to 3.25 6 3.30 to 3.60 4 Us serial gold 1945-60— 6 3.65 to 3.75 4 Us serial gold 1961-80 Sewer and Water— 4 Us 1939-1945 JAD 6 1 25 to 3.25 4 Us 1945-1960——JAD 6 3.30 to 3.60 4 Us 1961-1980 -JAD 6 3.65 to 3.80 4s 1939-1950 JAD 6 1.25 to 3.40 104 4s Constitutional 1942.JAJ 103 U si 4Us 103 JAJ Oct 15,1962 op '52.AAO Oct 15,1963—AAO 15 Cumber'd 4Us W W '41.AAO Hagerstown—5s Water 1938-1987 AAO 4 Us 1938-1987 AAO Montgomery Oo—r 4 Us 1939-1968——MAN Washington Sub San Dist— 3 Us Wat A Sewer '87-MAN 4Us Sewer g 1973—...JAJ 5sl969—_ - JAJ 1950 opt 1940 1952 opt 1942 Lafourche Basin Levee— DesMoines5s 1938-*57—-J&J 4Us W W 1938-42—J&D 0s Gen Obllg 1938-40—J&J Des Moines Ind 8 D— ■ 4Us Sept 1 1945—MAS 4Us 1944. — -—5 4s Sept 11945 MAS Fort Dodge 5s Fund *39. A&O Lee Oo Prim Road 2 Us. 1948 108 104 U 3.40 % 106 Fifth District Levee— to 2.75 b 0.50 b 2.60 1938-1942—-JAD S Oaddo District Levee— 5s 1951 opt 1941 IOWA 4Us ser . Bid Bonds Baltimore—(Cont.) 3 Us Refunding 1952 JAJ 3 Us Sewage Impt '80.AAO 97 102 1941-60.-JAJ 1941-60—JAJ 1941-1957..—-JAJ 102 U 3 Us series S 1958-1960.JAJ 100 U State Pension 5s June 1,1948. 6 3.60 Oapltal Bldg 4 Us Aug 15, '52 6 3.55 Atchafalaya Levee Dist— 5s Sept 1938-1972 MAS 106 U 5s Dist ref A imp 1949.MAS 104 Baton Rouge—5s '38-'54 MAS 6 3.50 Bossier Dist Levee 5s '54. AAO 104U 4s 2.25 5 Us 1941 M&S South Bend Sdiool City-— Impt Yield Basis To Net 4 Us series DAE 1944-55.. 6 3.60 5s series F Mar 15.1945-48. 6 3.55 6s series K July 1.1947-49- 6 3.65 50 Indianapolis-_ 5 Kb Track Elev 39-47-J&J 6 1.60 to 2.50 4s Fire Den J'ne 1 41-J&J 1.75 4Us Sch Jne 15 40 J&D15 4ha 1939-1955.-.-— J&J b 1.50 to 2.75 50 3 Us City Hall 1939—J&J 4Us W Ask Long Term BondsState Highway— to 2.25 b 2.60 Bid Bonds Net Ask 1943— 19481956—J&J30 4s O H BONDS of the month preceding the date of Issue Quotations for all securities are as near as possible for the closing day bid side. 4s July 1 19381947 Street railway 4 Us 6 1.00 March, 1938] MUNICIPAL AND STATE Quotations for all securities are as near as Yield Basis Yield Basis Bid Flint 4Mb 1938-54—„M&S 15 5s (Mar 1 & Apr 1) *38-'50— Flint Union School Dist— 5s 1938-1954... M&S 2.00 2.00 Bonds Ask to 4.00 to 3.80 4M» to 2.25 Grand Rapids— 3Ms Sept 1 1938-1940 M&S 3s Sept 1 1941-1945—M&S Grand Rapids School Dist— 1.50 2.10 to 2.00 4Mb 4Mb 4Mb 4Ms M&S 1.50 to w4 Ms 1938-1943. Highland Park¬ 3.60 in® April 151957— 5Hs May 1 1941.. 4Ms School Not 11954.... Jackson 4 Ms 1938-47—A&016 6 2.00 4Mb July 15 1955 Jackson Union S D— 4 Ha 1938-1945 M&N 6 2.00 Lansing-— 4 Ms 1938-1946 1.00 ..J&D 1.50 Muskegon 4 Ms 1939-44..J&J 2.50 Muskegon 8 D 5s 1942...July to 2.75 2.50 % less 1 2.30 3.40 to to 2.25 3~ 00 1950- 6 M&S 5s 1941 3 Ms 1941-1951 2Ms 1945-1955 St Cnarles County to 2.75 less 1 91 J&J —J&J J&J 3 Ms toll less 1 to 3.00 to to 2.50 4Mb 1939-1939 to 2.50 4Kb 1940-1953 4Mb 1938-1948 4Mb 1941-1948.. less 1 St 1938-1943.—-.-J&J -F&A F&A impt 3?10 M&N M&N 4s 1938-1940.—......M&N 4s 1941-1945 M&N 8Mb July 151943.. J&J 6 2.00 less 1 4Mb Dec 11939 J&D 6 1.50 less 1 2M trunk h'way *47-51—M&N 6f2.15 to 2.20 % 100 99 M 1.85sRuralOredItctfs 1941 101 100 .... Siuluth—Credit ctfs 1942 Rural J&J 6 0.75 to 2.25 3 Mb Duluth Ind School Dist— 5 Ms 1938-1940 -A&O 6 0.75 2.40 6s Bridge 193840 M&N 6 0.50 to 2.00 5Ms Bridge 193840—M&N 6 0.50 to 2.00 4Ms Sanitarium *38-*42 J&J 6 0.50 to 2.25 .4 Ms Hospital *38-'41.M&N 6 0.50 to 2.00 Mino ea polls— 2.75 to 2.75 to 1.70 6 0.75 6 1.00 2Ms 1938-1947—.. F&A 4Mb 1938-1950 F&A 4 Ms Rd & Bdge *38-*44M&N 4Mb Rd & Bdge *38-'43 J&D 60.75 60.75 60.75 60.75 July 11951...J&J 4Mb W W 193842 A&O 5s School July 1 1951..J&J 5s Geu'l impt 1939 62—J&J 4Mb Sewer July 1 '43—J&J 4MB 1939-1959 J&J 4s 1938-1961 .....A&O 2.60s 1938-1957——J&D 6 0.75 to 3.00 to 2.90 63 2.70 to 2.60 to m 2.00 2.00 2.40 4Mb 1938to 1969 6 2.00 to J&D 15 to 2.10 to 1.00 to 2.50 1.25 1.25 to 1.25 to 1.75 5Ms 1938-1961 F&A 4Ms Water '38 to '60.M&N 4MB 1942-1969....... J&J 4s 1945-1970 Camden Co— 4Mb 1938-1970 J&J 4s 1944-1968 _ to 2.30 to 2.30 1.50 to 2.10 to 2.50 to °.2$ to 3.00 % 6 2.50 6 2.00 to 4.00 6 2.50 to 100 6 2.50 to 4.20 6 0.75 to 6 2.00 6 3.60 % to 93 to 4.25 ^Ms^£ool 1938-1951.M&S Cape May Co— 2.30 to 2.45 1.00 to 2.70 0.75 to 2.10 2.00 to 2.60 „ „ 4Mb 1946-1973.* to 89 to 4.05 77 1 1.75 to 3.00 % 113 M 116 1.25 1.75 1.25 to M&S 15 6 1.00 to 1938-1969...... J&D ' 5b Sewer 1939-1960.... J&J 3 8chool 1938-1974 A&O less 81 100 M&S East Orange— 4MB » to3.20 to 3.50 3.10 Elizabeth— 4Mb 1.75 to 3.65 1938-1957. ..A&O 1.25 1.50 to 3.60 SMsDec 1 1938-1946. J&D 6s 1939-1972.........J&J 6 1.75 to 4.00 1.10 Englewood— 5s 1938-1944......... A&O 6 1.25 to 2.70 % 1 > — _ 1.25 to 3.25 % Essex County— 4 Ms 1938-1960—i 4s 3.00 Hospital 1946—....F&A I50 Essex Fells (Boro)— July 281938-1960 6 1.50 Fairview—5s, 1944—..—J&J 98 Glen Ridge— 4 Ms Mun Bldg 1938-70 F&A 6 1.25 Gloucester City— 4Mb 1938-1966— .J&D 88 Gloucester Co— 4 Ms BIdg&Rd*38-'45 J&D20 Hackensack— 4Mb 1942— F&A 4Ms Imp 1939-1942—J&J 6s 1939-1954 ..F&A 3s 1938-1966— ..M&S Hoboken—4Mb 1940... J&J to 3.15 % _ „ 4Mb Wat wks Dec 15 *41 J&J 6 1.60 4Mb May 11956 M&N 6 2.85 to 1.50 5s 1948-J&D 6 2.35 Omaha SD 4Ms Mayl*55M&N 6 3.10 York School District— to 2.25 J&J 6 1.50 5Ms Water 1938-1963.M&S 3.75 % 101 to to 3.10 % 88 6 1.25 to 2.60 to 3.25 % 3.00 _ 6 2.00 to3.10 6 2.25 6 2.00 to 4.10 5s School 1939-1954...J&J 6 3.50 J&J 6 2.00 4Mb 1938-1955- 4.10 % 6 97 6 94 4s 2.70 to 3.00 to 2.60 NEBRASKA to 2.85 3.75 to 3.35 6 1.25 5s Beatrice J D 5s 1939-54—F&A 6 1.50 to 2.85 3.50 1.25 4^8 1938-1959 6 0.75 4.10 to 3.50 Camden— to 2.60 103 Bridge Rev 1957—-J&D Douglas County— ■' 5s Highway 1938-46-.A&O b 1.50 to 3.00 to 2.30 Holdrege 8 D 5s 1938-55.J&D 6 1.50 to 3.15 to 2.60 Lincoln School District-— to 2.40 4Mb 1928-1953 M&N 6 1.25 to 2.90 to 2.30 McCook Fund 5s '38-43.F&A 6 1.75 to 3.20 North Platte Sch Dist— to 3.50 -2.50 n to 2.25 % 6*0.75" %" to 4.10 to 5s % 2. 60 5.00 to 4.15 6 2.00 6 2.00 Bogota— 4MB 1938-1946——J&D Bound Brook 4 Ms *38-'42 J&D Bridge ton (City)— 4Mb 1938-1958—...J&D to 2.70 to 2.80 to 87 d14b Court Hse 1938—-A&O M&N Dakota County— 58 100 Bergen Co¬ il Ms Dec 1 1938-1942.J&D 5 Ms Dec 15 1938-60-J&D15 5s Dec 15 1938-1955. J&D15 4M« 1938-1939 A&O to 2.15 2*4 6 0.75 0.75 0.75 1.25 0.75 1.75 0.75 1.60 2.20 J&J 6 4Mb Wat & Sew *39-'50-J& J 6 1.00 6 0.75 to 2.30 61.10 to 2.70 6 0.75 to 2.35 6 2.10 to 2.35 6 0.75 to 2.35 6 0.75 to 2.30 Ramsey County— 63 M&N 1938-1940 .M&S Delaware River Joint Com. Phiia-Oamden Bridge— 4Mb 1938-1945...*.. M&S Great Falls— 5 Ms Sewer 1939 Net Bloomfield— Highway debentures— 4Mb Dec 31 1939-40 4Mb Dec 31 1938-39 Daniels Co 5 Mb 1939-42—J&J 6 4.25 6s 1941 opt 1940. ..J&J 6 4.00 4s 1944 .A&O 3 Ms 1938-1941 ...M&N 2.60s 1939-1966... A&O 2Mb 1938-1947 ..M&S 2 Ms 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 193846..-A&O -A&O -F&A .M&N 1938-1970 3D 4Mb 1938-55 M&S Bavonne—5s 1939-1949-J&J 4MB 1938-1955F&A 4Mb School 1938-66 F&A Belleville 5s 1938 & '44.M&N Belleville 8 D 5s *38-'44 M&N 3.20 to 2.90 MONTANA 5s to 1.80 2.40 1938-1053 1.75 to 2.50 Hennepin County-— 1940.1943.1945.1946. 1947. 48, *49. *50 J&D 6 1.75 4Mb Apr 1938-1952 A&O 6 0.75 4 Ms 1938-1940 A&O 6 0.75 4s Improvement 1942-J&D to 3.25 2.00 to 2.80 1.75 to 2.85 0.75 to 2.90 & impt Public bldg Springfield 4 Mb *38-*49—M&N University City— 4Mb 1938-1943 M&N 4Mb 1942-1949— J&J15 to 2.40 to to 3.05 to 3.30 to 4MB 4Mb, A Atlantic City— 2M-4Ms Jan 1973 3s School 1940-54 3s Refunding 1952——A&O 2Mb Public bldg & impt to 2.50 6 0.75 6 0.75 .M&N J&J M&N 4s 1946-1951 Ask . Joseph S D 4s 1940....... St Louis 4Mb Public bldg & 3.00 Bid 57 82 Water 3-4 Ms Jan 1973 Atlantic County— 4Mb Bridge 1938-57-A&O 6 93 Audubon (Boro)— 6s July 11938-1944 bridge series A.-July 15*56 St Joseph 4Mb l938-'45--M&S 6 0.75 to 2.50 Refunding 4 Mb May 11951 MINNESOTA St Paul— 6s school 3.75 to 3s 1954-1975 I to 4Ms Airport April 11948. 1938-1946 to 0.75 0.75 0.75 0.75 0.75 0.75 2.75 2.60 1938-1955. A&O Airport 1938-54.-A&O 4s Airport 1938-1971.. M&S 3 Ma 1938-1974 -J&J 3 MB 1939-1974 F&A 3 MB 1939-1955.. -A&O 1.50 1.50 —... 4 M" 1938-1947. 4 Ms 1938-1942 J&J - 1.00 Covert roads.......... Voted bonds.. 0.75 1.25 Various May 9 '38 *72 6 0.75 Jan & July 1942...J&J 1.00 Wayne County- 0.76 J&J 87 4.25 2.50 Port Huron 4 Ms 1942 Saginaw—4 Ms 193849—F& A 2 Ms Sewer 1938-51 J&D _4s 1940 Bonds Asbury Park . — To or Net Ask J&J 2Mb 1956-1975.. .A&O 3.50 Kansas City S D— 4s 1941-195180 .—.J&J 4MB 1940-1950 —J&J 3.40 % 4MB 1939-1950 —J&J 4Mb 1946—.. J&J . Pontlac— Refund 4-4 Ms 1964 opt 1937 4 Ms School June 11955 Bid Kansas City— 4M« 1939 5a Water 1939 to 4.10 2.00 2.00 4M« Mar 11938-1939 Yield tutsis To or or Bonds 95 BONDS possible for the closing day of the month preceding the date of Issue to 4.75 to 3.50 ,?00 % Hudson County— 4MB 1938-1978—-M&N15 6 1.25 to 3.75 w4s g Park 1954 & '59.M&N 6 3.20 to 3.30 Hunterdon County— 4 Mb Road & bldg *39-'46J&J 6 1.25 to 2.65 % Irvington 5s School 1963.J&D 3.50 4Ms 1938-1959-. J&D 6 1.50 to 3.50 % to 2.75 to 2.90 ...... MI3SISSIPI „ NEW HAMPSHIRE 0Ms Impt 1938-1946 M&S 4Mb May 1 1939-50 4Ms Impt 1953——J&J 4Mb Flood 1938-53 A&O 8s. 3 Ms & 3 Ms highway notes 6 3.75 6 3 75 6 3>5 6 3.75 3.40% 3.40% 3.40 % 3.40 % - 4.25 4.25 4.25 4.50 4.50 to 1.90 % to 2.00 % _ —..J&D 6 2.00 to 1.70 bonds— Series A July 1938— s Series B July 1939 s series O Jan 1940.— s Series D July 1940—.. b series E Jan 1941.— Bonds— a series O July 1939— s series D Jan 1940— 8 series E July 1940—. s series F Jan 1941—. s 3.50 3.50 3.75 3.50 3.50 3.50 _,_sseries G July 1941.... 4s series H July 1942— 4s series I July 1943— 4 Ms series A of '27 July 1944 4s ser B of '27 July 1950. MISSOURI 4Mb Road 1948-1950 M&S 4 Ms 1938 & 1939 A&O 4Mb 1943-1946. .....M&S 4s 1943-1947 M&S — A&O M&N 8Mb 1948-1952—...... J&J 4 Ms Road 1938-1942 8s Road 1953-1957 J&D 4s Road 1944-1948 4s Nov 1 1948-1952 2.25 Soldiers Bonus 5s July 1941 Highway Extension— 4 Ms D of '20 Jan '54 opt '39 4 sE of *20 July'54 opt *39 s F of '20 Jan *55 opt '40 4 s A of '24 Jan '55 opt '40 4 4 sB of'24 July *55opt'40 to 2.40 0.60 1.50 to 0.90 to 1.90 1.50 to 2.00 1.60 to 2.00 2.00 to 2.30 2.10 to 2.25 0.75 to 1.50 2.10 0.60 Building, 1939-1941..*.J&J 8s State Bldg 1940-44—F&A 6 1.00 Buchanan CountyRet 3s 1943-1950 J&J 6 2.00 Jackson County— 0.75 4s 1938-1951 —^.J&J 0.75 4Mb 1939-1950 J&J 0.75 4Ms 1938-1950 J&J15 4 [s Oof'24 July'56 opt'41 4., sser B of*30 July '38-*67 3 Mb ser C of 30 Nov *38-'69 . to 2.25 to 1.20 8s to 1.65 to 2.75% to Institutional Construction 3 M« ser A July 1938-1966— 6 0.50 4 Mb series B July 1938-67— 6 0.53 6 0.40 4s series O April 1938-69 t Called for payment April 1st. 5s 1938-1958 4Mb 1938-1983 to 2.70 to n 2.70 Nominal. b 2.25 -J&J 6 2.25 F&A 6 2.00 to 3.60 to 4.10 4.50 77 to 3.00 % 1.75 to 4.00 % 2.75 to 3.10 to to 3.35 to 3.35 fo 1.75 2.50 to 1.25 2.60 % to 2.60 to 3.35 % to 4.50 % to 4.40 to 4.25 to 4.20 9? 9? 4Mb School Dec 1 '45..J&D 4s Sch house 1959 opt 1949 98 M 4s Pas Val sew'61 op «51J&D 98 M 4s 1938-1970——.—.J&D 6 2.00 to 98 4.00 3 Ms Track elev 1954..F&A to 2.75 3.9C 2Mb Jan 15 1939-76—J&J b 2.00 - f Flat price, impt '38-'52.J&D b 1.50 5Ms Oct 15 '38 to'59 A&015 2.70 1 to3.15|% t Less 1 on bid side, Kearney— 4 Ms Water 1938-70- J&D15 b 1.50 tO 3.80 % to 2.75 6 0.75 2Mb series D May 1938-70. 6 0.40 to 2.60 Emergency Relief— to 3.10 6 0.90 to 1.20 3 M« Jan 1939-1941— to 3.IO.70 6 0.40 to 1.20 5s May 1938 to 1941 6 0.75 to 1.20 4 Ms Nov 1938 to 1941.. 3.00 4Ms 1949 .——..J&D 0.75 to 3.15 % 4 Ms Road 1939-1952..J&J 3 Mb Mar 1938 to 1942.—. 6 0.40 to 1.40 6 0.40 to 1.40 0.75 3 Mb May 1938 to 1942 4MB Court h'se '39-52 J&J 6 090 to 1.60 2M Jan 1939 to 1943 Joplin (School District) 6 2.40 to 2.80% Ed Aid 4Mb ser A Jan 1939-42 6 0.90 to 1.40 4Ms 1943-1948..... 6 Basis, .— — 6 0.50 ... to 3.00 5s 1938-1969 4 Ms School 1938-58 5Ms 1938-1970—. J&D b 1.75 Lodi—5s 1939-1947.. J&J 83 Jranch 5s 1943 M&N Lyndfturst 3-5s 1938-57—J&J 72 0.50 Maple wood (Township)—* 4s 1938-1967 0.90 —J&D15 6 1.25 1.05 Mercer County— 1.05 3 Ms April 1941 A&O *" 1.20 Middlesex"" 3 Ms 1939 to 1967. -J&J b 3.00 0.90 Middlesex County— 1.05 Ms Road 1939-1944..F&A 1.50 1.05 mp 3s Nov 15 1938-1948— 1.50 1.20 Monmouth County— 1.20 4Mb Mar 15 '38-'50,.M&S b 2.00 4 Ms Rd & bdg '38-51F&A15 b 2.00 1.40 1.60 Montclair 4MBSch 1941. A&O 1 75 4Mb High sch bldg '44.J&D 2.30 Morris County— 4 Ms 1942 opt 1922....J&J 1.20 3 Ms 1939-1949 J&D15 b 1.25 0.90 Monristown— 0.90 4Mb 1938-1942—.*.—J&D b 2.00 4s 1938-1969-1.05 M&N b 2.00 1.05 Neptune 4Mb 1940-55—.F&A 1.05 Newark— 1.20 6s 1938-1972 M&S 6 2.25 NEW JER8ET 3.50 3.75 to 0.30 % 4Mb Sch 4.00 4.00 4.00 4.00 3.50 4.25 to 2.20 % 4Mb *38, *40. '42. '44.M&N 6 1.20 to 2.10 Keene 4 Ms 1938-1942—M&N 6 1.20 to 1.75 Manchester— 4s 1938-1940. M&S 6 1.15 to 1.50 4 1941-1945 M&S 6 2.15 to 2.30 100 103 4.25 Mississippi Levee District— 4.00 5s May 2 1944— M&N 5s July 11953 4.00 J&J Vlcksburg— 5s Pub Imp 1938-48-—F&A 6 4.25 Yazoo-Miss Delta Levee Dist3.75 5s 1938-1954 M&N 3,75 4Mb July 1949 J&J 4s 1952 optional 1922—J&J ... 4M» 1942 1st series sub-series E— 1938-1955 A&O t. Biloxi 5 Ms 1938-1943—A&O Callable bonds............ 96 Non-callable bonds........ 98 Greenville 5s fund *43-'50 F&A 4.50 Jackson— 5 Ms 1938-1954 A&O 4Ms Jan 1 1939-1952 4Ms 1938-1952...—.M&N Jones Co 5s 1938-1942 ..M&N Meridian 5s Dec 1 1939..J&D 4Mb School House 1941 J&J 1938-1943.J&D 6 0.85 Concord— 8-3M-3M-3M% H'way notes A&O b 4.00 to 4.50 A&O b 2.25 to 4.50 J&D6 2.25 to 4.25 4Mb School 1945 J&J 4.00 4Mb Water 1961... A&O 4.10 4MB 1938-1967 ...J&D 6 2.25 to 4.20 % 4s Refunding 1949 F&A 98 100 4s July 1 1938-1953.—.—. 6 2.25 %to98 Gen ref 3Ms '39-'54—F&A b 2.25 to 4.00 3Ms. 1938-1956 J&D b 2.25 to 3.90 Keansburg 5Ms 1938-59.M&N 90 5Ms 1942-1953... 4s July 1938-1948-—*..J&J 6 0.80 4s June 1938J&D b 0.75 4s Highway 1938-1943.-M&S 6 0.80 4Mb Highway Ser I due 1938 to 1956..—. Ser II due 1956 to I960.... , Jersey City— <& to 3.75 % 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 Bid Ask F&A 2.00 2.00 to 3.65 4 ha 2.00 to 3.65 1938-1967 J&D North Arlington (Borough) Refunding 4s North Bergen ref 4s-434s 73 77 ..... Nutley (School District)-— 4^s 1939-1942 F&A 4kb 1943-1967 F&A 534s Nov 15 1938-39-M&N Ocean City—5s 1944 F&A 434s Impt May 15 1938-'-56Ocean Co 4Kb 1938-*50_J&D Orange— 4mb Sewer 1938-1964.A&0 83 to 81 6 2.00 6 3.00 6 2.00 98 to 2.50 to 3.70 to 4.35 General State to 3.60 Passaic— 4kb Refunding 1944—M&N 43is Water 1939-1970—J&J 6 1.50 Passaic County— J&J 6 1.25 434s 1938-1946 434s 1938-1968 J&D Pater son— 534s 1938-1959 M&N 434s Feb 1 1945 F&A 434s 1938-1967 A&O Perth Amboy— 4 >4 s April 1944 — 434s Water 1938-64—M&S2 5s Feb 1939-1977 F&A 4 hb refdg 1944 & '46--F&A Plainfield 4s School 1959 M&N 434s 1938-1962 Various.J&J Eahway— 4mb 1938-1953 6 1.25 to 0.75 to 2.65 117 117 117 % to 3.75 6 0.30 119 119 to 2.65 to 1.90 to 1.70 to 4.10 to Albany County— 4kb 1938-1960 M&S 334s Fund 1938-1941. M&N 3.65 Albany (City of)— 4 K 1938-1969 to 3.60 100 92 6 1.25 to 3.00 3.25 % to 3.60 to 1.75 6 1.25 6 1.25 73 to 3.10 6 1.25 6 1.25 to 2.75 to 2.90 Terminal— -J&J 6 1.25 M&S 6 1.25 J&D 6 1.25 J&D 6 1.25 4 34s to 85 to 2.50 1938-1969 4KB 1938-1968 Summit— 4Kb School 1941 F&A 4)*s Imp & sch '38-'60_J&D Sussex Co 43is '38-'44—M&S 4s Impt 1938-1955—-M&N Tenafly 454s 1939-1963-F&A 4kb 1938-1959 Corning 634s 1938-60 6 1.25 6 1.00 to 2.35 6 1.00 6 2.25 2.75 to 4.15 3.10 to 4kb 1939-1958 -A&O 6 2.00 A&O b 1.50 F&A b 1.50 to 3.60 F&A 6 1.50 to 3.40 to 3.50 J&D City Hall 1939 4*.40 to 2". 75 to to 2.60 A&O 4s Oct 1 1942 2.80s Gen Impt B June 1 1950-65 6 2.40 Union Township Sch Dist— 434s 1938-1968 J&J 6 2.75 Ventnor City— Refunding 4-5 34« 88 Vine land (Boro)— 534s 1938-1950 M&S 6 1.75 Westfield— 5s June 15 1938-60-—J&D 6 1.00 434s 1938-1966 A&O b 1.00 West New York— 4348 Oct 1 1938-1968—A&O 6 2.75 5s School 1938-61 M&N 6 3.00 to 2.80 to 4.50 93 to to to 4.00 % 3.35 3.10 to 5.00 50 NEW MEXICO 1939-1940—J&J 6 3.00 534s Highway 1939-1940-J&J 6 3.00 434s Dec 16 1952 opt '22.J&D 99 4s Fund 1939 opt 1919—M&S 99 3kb H'w'y deb r46-'47—M&N b 2.75 3 34« H'w'y deb '48-'49—M&N 100 3s Jan 1 & July 11949-1952.99 234s H way deb 1944-45-M&S b 3.00 Albuquer que— 5s Water Works 1962—J&D 110 434s 1938-1950 J&J 6 3.80 4kb 1938-1950 J&J b 3.80 Middle Rio Grande Conser Dist 534a 1938-73 F&A 55 Socorro Co 5s 1941 op '21.A&0 95 2.50 2.50 100 100 to 3.00 102 101 2.50 115 3.40 3.40 60 98 NEW YORK 5b Jan & Mar 11938-1945 5b Jan & Mar 1946-1970 is Canal 1964 [• Canal 1965 lb Highway 1965 lb Barge Canal 1945 _.Is Bonus 1938-1939 4348 Bonus 1940-1949 to 1 .90 to 2 .80 M&S b 2.70 4348 Highway 1963 6 0.20 6 2.00 to 2 .60 - J&J b 2.70 to 2 .60 J&J 6 2.65 to 2 .55 M&S b 2.65 to 2 .55 J&J b 1.90 to 1 .80 A&O b 0.25 to 0 .80 A&O b 1.10 to 2 .15 4s Canal Term 1942 J&J 6 4b Canal Term Jan 1946—J&J 6 4s g High Imp Mar 1958-M&S b 4s g High Imp Sept 1958.M&S b 4s High Imp Mar I960-- M&S 4b Canal Imp July I960--J&J 5 4b Canal Imp Jan 1961—J&J b 4b Canal Imp July 1961--J&J b 4s Highw Imp Mar '61—M&S b 4s Palisade Park 1961 M&S b 4s Canal Jan 1962 J&J b 4s Highw Imp Mar 4sdue Sept 1 1965 '62—M&S 7o to 4.60 West Orange (T) 6s '38.M&S 6b Highway % b b 1.40 2.00 2.55 2.60 2.60 2.60 2 50 2 .50 2.60 2 .50 2.60 2 .50 2.60 2.60 2.60 2 .50 2 .50 2.60 2 .50 2 .50 2.60 2.60 2.60 2.60 2.60 4sBldg constr 1938-1939M&S b 0.25 to ,4b Bldg constr *40-'49—-M&S 6 1.10 to 4b Apr 15 1940-1955 A&O 6 1.10 to 4bdue Jan 1 1966 b 4s Canal Imp Jan 1967--J&J b 4s Highw Imp Mar '67—M&S b 4s Palisades Park 1967--M&S 6 1 .25 1 .90 2 .45 2 .50 2 .50 2 .50 2 .50 2 .50 2 .50 0 .80 / Flat price. to 3.35 1.00 1.20 6 1.20 6 3.60 6 1.20 6 1.20 6 1.20 6 1.20 to 3.50 3.40 to'3.40 to 3.55 to 3.30 to 3.10 to 2.80 to 3.10 to 2.85 3.40 3.60 City— 120 June 1965 J&D 1963 M&S 11834 May, 1957 M&N 116 Nov 1957 M&N 116 Dec 1, 1979 J&D 124 K Corp stock 1967--J&J 120 K Corp stk 1971 J&D 15 122 July 1,1938 to 1955___ b 0.50 Jan 1, 1977—J&J 119 Sch & Var '38-'39.J&D 6 0.50 I960 M&S 11434 Mar I, 1962 M&S 115 Mar 1, 1964 M&S 115 K April 1,1966 A&O 116 Apr 15,1972—_A&015 11734 Rap Tr & Wat '74 J&D 11834 -. 12134 120 11734 11734 12534 12134 12334 to 3.60 to 3.50 A&O 6 0.60 M&S 6 0.60 to 3.00 M&S 6 0.60 M&S 6 2.25 to 2.80 to 2.60 to 2.60 to 2.00 to 2 45 % 1950-53 —M&S 3.20 2.90 March 1. 1938- 1947Essex Co 4s 1939-1956—.M&S Franklin Co 4Kb '39-'40-M&S Free port— 4.20s 1938-1945 M&N 4.20s sewer 1946-60—M&N 4kb 1938-1951 M&N 4.40s 1938-1950 M&N Garden City 4Kb 1938-52.J&J Greenburach (T)— 6 1.25 3 kb 1.00 3.15 to 3.05 6 0.60 to 2.65 6 0.75 to 2.00 to 6 2.85 to 6 0.85 to 6 0.50 to 3.00 J&J 6 1.00 Greenburgh U S Sch Dist No 9 4.40s 1938-1965 J&D 6 1.00 Groton 6s Wat '38-*60—M&N 6 0.75 to 4.10% Sewer 1939-50--J&J 6 0.70 4Kb Wat May 1 '41-48M&N 6 1.70 4Kb Sew '39-'46 reg.M&N 6 1.00 3.95 Nov 1,1961-70-M&N 6 2.75 3.00 3.65 6 0.90 6 0.75 b 0.75 6 1.00 6 0.70 2.75 3.25 3 kb 1942-1945 2s Mar 1 1939-1949 3.35 4.75 to 3.50 to 3.70 to 3.75 to 3.50 to to 3.40 3.10 6 0.75 to 3.00 6 2.00 6 1.75 §3.00 0.75 0.85 0.60 9934 to 2.90 to 2.50 to 2.50 to 3.00 to 2.15 to 2.15 to 2.20 to 2.90 to 2.20 to 2.00 to 2.75 to 2.00 to 2.80 2.80 to 3.30 2.80 to 3.35 1.20 to 2.35 0.70 to 1.00 0.50 0.50 to 2.30 to 2.40 to 2.25 to 2.25 to 2.00 10834 Gen & ref 33^8 May 1,1976 Gen & ref 3 Ms Aug 15 1977 Gen & ref 3s Dec 15 1976... 10234 9734 2.50 1.00 to 2.60 1.25 3.25 to 2.50 to 2.75 George Washington Bridge4kb Ser B '40 to '53-M&N „ 97 Inland Terminal— 4kb 97 81 3.75 ser Putnam Co to 3.50 J&J 6 0.75 to 3.75 to 2.20 to 1.50 3.75 to 2.30 to 1.75 to 2.40 5s '39-'62 1.75 to 3.90 105 10934 10534 103 34 0834 100 11034 11134 to 1.25 110 to 1.25 113 6 0.90 to 3.10 F&A 6 0.90 to 3.20 0.90 to 3.00 F&A 0.50 to 0.50 0 50 to 2.60 0.50 to 2 30 Rockville Centre (V) 4.15s 1938-1952. Rome 5 lis 1938-1941 3.90 to 3.60 to 3.20 to 0.50 to to 2.30 to 1.10 1.00 to F&A 15 M&S b 0.90 J&D A&O 2.80 2.70 0.50 1.90 to 2.60 to 3.15 < Par to 1.50 0.75'to M&S b 0.75 %- 2.50 % to 1.25 % f Saratoga Co 5s 1939-'40.F&A 6 0.75 4kb 1938-1955 M&S 6 0.75 4s Sept 1 1945-1954_■.,M&S 6 2.25 < to 3.60 to 1~50 ' to 2.80 « Saranac Lake 4.45s 1939.F&A b 0.75 6 < Par Rye & Har'son Un Fr S D No 6 4.40s 1938-1953 _F&A 6 Par to 2.50 to 2.40 4kb '38-'51_A&0 4kb 1938 (reg) 4kb 1938-1946 to 2.50 M&N to 2.30 > Rockland Co— to 1.40 M&S 6 1.00 to 3.50 4kb Pub Imp '38-'58.F&A 4kb 1938-1959 .M&S 48 Imp Sch &c '39-'47.J&J 234s 1938-1957 M&S 134s 1938-1940 A&O 1.70s 1940-1948 F&A 105 to to 2.95 to 2.40 '38-'41—M&S 6 0.25 D '42-'60-M&S 108 4kb Highway 1938-58.F&A Rochester A I960-J&D 104 k Middle port 4.35s '38-'42_ J&D 6 0.75 4.35s Sewer '38-'39-,-_J&D b 0.75 Mineola (V) 4.40s 1938-68 J&J b 0.50 Monroe Co 4s 1939-44—F&A b 0.75 3.90s Co Bldg '39-'50—F&A b 1.00 1 kb Jan 15 1939-42—J&J b Par Mount Vernon— 4Hs 1938-1943 A&O 6 0.75 5K& 1938-1941 A&O b 0.75 4Kb School 1962-73-M&N b 3.75 4s Sewerage 1950-55..M&N b 3.50 2kb 1938 to 1956 M&S 6 0.75 to 3.20 to 2.40 0.50 D 4s 1939-1954. Rensselaer County— to 1.60 J&J 6 1.70 to 2 60 > Holland Tunnel 4Kb ser E *38-'41 M&S 6 0.25 43is ser E '42-*60—M&S 112 85 100 to ser 4Kb 9934 ! 98 to 2 40 Authority— to 3.40 M&N 6 1.00 6 0.70 Gen & ref 4s May 1, 1975— Gen & ref 3 kb Dec 1,1965- to 1.70 94 A&O 3.05 102 to 3.00 Par to 1.50 1.00 |to 3.75 Sk fd 4 34s ser 5s 1938-1943- J&D 6 Par 4s School 1938-'59 M&S Port Jervis 434s '39-'69 —J&J Port of N Y 2.00 Marine Parkway Authority— 4kb 1938 1944 11834 11934 3.45 to 7— 4Kb Water 1938-1969.A&0 6 0.70 Oswego—5 kb, 1938-46-. M&N 0.50 Oyster Bay Wat Dist— 4s 1938-1950 J&J 6 Par Pelham (T) Un Fr Sch Dist No 1 4.60IS 1944-1966 > 2.75 Poughkeepsie 434s '38-52 J&D > 0.50 Mamaroneck UnPSD No 1— 2 .10 117 Ref 1.90s 1939-57 F&A 0.50 2.10s Feb 1 1939-1968 6 0.50 Ontario Co 4s '38-'51—M&N 6 0.50 3.40 to Mamaroneck(T)4k[s'38-64J&J 6 0.75 2 10 F&A 6 0.50 4Kb Water 1938-45-.A&O 4Kb Water 1946-64—A&O 4kb 1947-72 J&J Oneida 4s Water '40-'45„J&J 4kb Water 1939 J&J Onondaga Oo,4ka '38-47A&O 3.70s 1938-1951 A&O to 6 1.00 5kb 1953 3b 1938 to 1946 Nassau County— 6 0.90 4kb 1938-1942 North Tarrytown— to 4.10 to 6 0.50 6s 1947 Beach acquisition,. 1938-1939 11634 Ossining434s 1938-42.,.M&S 6 0.50 4s 1940 3.90s 1940-1964 M&N 6 1.80 4kb 1938-1960 No Hempstead S D No 10334 104 K 6 0.50 to 2.50 Jamestown— 4s Mar 201943 -A&O 434s 1938-1940 A&015& Jamestown S D 5s '38-'39 J&D 6 Kingston— 2.70s June 1,1938-1944 6 Lackawanna 4 Jis '38-'54M&N 6 Lock port— 4kb 1943-1949 6 4kb Sch 1938-1944 M&S 6 4.40s 1943-1949 M&S 6 5s 1938-1942 -M&S 6 Long Beach 4s Jan 15 1939— 5Kb May 1 '38-*52 11534 116 Niagara Falls S D 4s 1938 1951 Huntington (T) 4s '39-'52_ J&J Islip 4s 1938-1951 -M&S Ithaca—4kb Water 1942 J&J 4kb 1940-1954 J&J 2.35 120 to 1.15 3.20 101 534s 1941-48M&N b 1.70 4.15s Sewer 1965-70--M&N b 2.80 to 3.00 6 0.85 M&N b Corp stock July 1, '75. 3s Rap Trans 1947-51 __F&A b 2.60 3s corp stock Jan 1 1977 J&J 99 2kb 1939-1953 J&D b 1.00 2kb Serial 1939-46—F&A b 0.50 Niagara Falls— to 3.15 6 0.85 Harrison (T)— 434s 1939-1980 F&A Hempstead (T)434s'38-59 A&O Hempstead 4Kb 1938-65 M&S 2.30s 1939H87 J&J Hempstead Un F S D No 1— 6s 1938-1954 M&S Henry Hudson Parkway— 4s April 1 1955 Hornefl 4Kb 1938-1947—F&A Hudson Riv Regulating Dist— 4Kb 1938-1965 J&J 4.70s 1938-1965 J&J 6 1.70 to — J&J 6 2.60 J&D 6 2.50 to 3.30 4Kb 1938-1989 6 Basis. to 4Kb Feb 15,1976—F&A15 11834 120 4Kb Nov 15,1978—M&N15 11934 12034 4Kb Mar 1, 1981 M&S 12034 12134 4s Corp stock 1938-55 6 0.50 to 3.20 4s July 1,1938-1956 6 0.50 to 3.20 4s Oct 1, 1980 A&O 11434 11534 4s May. 1977 M&N 11334 11434 4s Nov 1955 M&N 109 11034 4s Various 1956 M&N 109 11034 4s Various May 1957-M&N 11034 111K 4s Nov 1958 M&N 11034 111 4s May 1959— M&N 11034 111™ H 4s serial 1938-1963 J&J b 0.50 to 3.40 3 kb Corp stock July 1 '75-109 110 3jls Corp stock 1939-54, b 1.15 to 3.15 3 Kb g exempt 1941 M&N b 1.90 1.70 334s exempt 1942 1.90 M&N b 2.10 3 kb R T 1948-1950-M&N b 3.00 2.85 3 kb g exempt 1952 M&N 10334 105 3 kb g exempt 1953 M&N 10334 105 3 Kb g exempt 1954 M&N 105 106 3 Kb g Water ex 1954. M&N 105 106 334s exempt 1955 M&N 104 10534 3 kb stock Apr 1,1954, A&O 103 104 34 3 kb Corp stock Mar 1,1960 10434 10534 3 kb Corp stock Jan 15,1976 10434 10534 3 kb reg Corporate stock to 1.80 3.90s to 3.30 to 3.30 F&A 6 1.00 4s 1945-1953 .75 Union City 434a 1938-'64.J&D 6 2.75 Union County— 6s March 15 1938.M&S 15 434b Oct 15 1938-52 6 1.00 4kb Rd&Bdge'39-*47_F&A 5 1.00 Par Par to 2.15 434s Water 1938-45—A&O 6 0.50 Erie County— 4kb 1938 J&D 6 i;20 4Kb 1939-1959 J&D 6 1.50 to 3.00 to M&N M&N 6 0.60 2.75 to 2.30 Elmira— Trenton— 534s 1938-1951 5s School 1938-1955 434s 1939-1966 434s 1939-1960 1938-1946 4s 1947-1954 East Chester— to to 2.50 4K,b Feb 15, '41-'66,F&A15 to „ 4s to 3.25 Par 2.60 to 2.40 Cortland Co 434s '38-'51_J&J 6 0.60 Delaware Co 4.20s '38-'62A&0 6 0.60 Dutchess Co— to 3.15 Par M&N M&N M&N 0.50 var. 6 to 2.80 Columbia County— to 3.15 to 2.20 to 3.25 J&J 3 KB 1940-1964 to 3.85 3.00 .050 J&D 15 6 3.45 M&N 6 1.25 4s 1940-1964 A&O 6 91 Impt 1942-63—J&J to M&N 6 0.60 2.60% Relief 1938-45.-J&J 6 1.00 2Kb Oct 15 1938-56—A&O 6 1.00 2.20s Jan 15 1939-47.-J&J 6 1.25 Sewer Authority— _ to 2.35 Buffalo— 4Kb 1938 to 3.10 534s 1938-1939 —J&J 4Mb 1938-1968 M&N Sea Isle City 5s 1942 F&A Somerset County— 4KB 1938-1949 J&D 4kb 1938-1952 J&J South Jersey Port District— 3.10 2.00 to 1.90 4kb 1938-1967 A&O 4s June 151960 J&D 4s 1938-1958 J&J 4 kb 1938-1964 M&N 3.40s Nov 15 '38-'55-.M&N 3.10s Oct 15 1938-46-A&O to 3.00 to .M&N 6 0.50 M&N 6 0.50 2% 1938-1955 Albany Port District— 4s 1938-1972 Bingham ton— 4Kb Oct 1 1938-71 2s Mar 11939-1956 534s 1944. 5s 1938-1950 to 3.25 3.20 .075 to 2.85 2kb 1938-1945 97 to to 2.90 to 4.20 95 to 3.10 to 2.60 6 0.50 M&N J&D 6 2.00 93 2.80 to 3.40 .075 434s 4kb 434s 4kb 4Kb 4kb 4Kb 4Kb 4Kb 4Kb 4kb 4kb 4Kb 434s 4Kb 4Kb to 1.50 to 4.30 Ridge wood 434s 1938-62.M&N 6 1.25 South Orange— 4s 1938 to 1944 6s 1938-1962 6 0.50 to 3.60 1.75 New York to 2.75 6 2.00 98 1.60 1.80 1.70 6 0.50 2Kb refunding 1939-57-J&J 6 0.75 to 2.85 _ 4kb 1938-1973 to to 1.25 2.60 5s 1938-1950 4kb 1938-1944— 4kb 1945-1965 4Kb 1938-1963. 2kb 1938-1947 to 2.25 to 0.75 2.50 J&D 354 s 1944-1961 J&J 3s July 1 1940-64 J&J 3s 1939-50 F&A 3.40s July 1 1941-45—J&J 2kb 1946-1956 2kb 1939-57 F&A Newburgh— to 2.50 to Ask County (Concluded)— 4s Wat 6 1.60 1 kb Sept 101944-1946 Nassau 4 kb Wat Impt 1938-41-J&J New Rochelle— 119 119 6 1.70 to 4.20 Bid Bonds 4s 1938-1947 $ Improvement— 6 0.50 4 34 1938-1970 4s Munic & Sch '39-'63_J&J 6 0.50 334 1938-1971 -J&D 6 0.50 J&D 6 2.00 Ramsey 5s Water 1938-1940-- 6 2.00 Red Bank (Borough)— 4kb 1938-1953 M&N 6 1.25 4s to 2.70 6 0.20 6 1.10 or Net Emerg Unemploym't Relief- 4kb 1938-1940 M&S 6 2.00 534s General improvement 1938 1951 J&D 6 2.50 5s Impt 1938-1948 M&N 6 2.25 Marine 6 1.10 2Kb July 61938-1962—J&J 6 0.25 1 kb Sept 10 '38-46-M&S 10 6 0.30 „ 6 2.00 to 0.75 Unemployment Relief— 2kb July 6 1938-1947—J&J 6 0.25 98 6 3.00 b 0.20 117 3s Mar 25 1938-1987 M&S 6 0.20 Eliminat'n of Grade Crossings 2Kb Dec 8 1938-87 J&D 6 0.30 to 3.00 Ask Bid 334s Mar 15 '38-'39-M&S 15 334s Mar 15 '40-'81-M&S 15 s Mar 15 '38-'39-.M&S 15 s Mar 15 '40-'81-M&S 15 3s g Canal Jan 1 1956 J&J 3s g Canal July 1 1958 J&J 3s g Canal Jan 1 1959 J&J 3s Canal 1957-59 J&J to 3.60 4Kb Sch & wat '38-'69-J&D To or Bonds Net New Brunswick— 434s 1938-1957 Yield Basis Yield Basis To or Bonds to j 2.751- Maech, 1938] STATE AND Quotations for all securities are as near as MUNICIPAL BONDS Yield Basis Yield Basis To or Bonds Bid Saratoga Springs— 4Mb Park 1938-40 A&O Scarsdale 4 Jus 1938-45—J&D Schenectady— Ask Bid Bonds Iredell Co 5s Aug 1 0.50 to 1.50 to 2.50 0.50 0.60 Yield Basis To or Net 0.60 5s Dec 15 1938-1941 4.30s 1938-1948 J&D 4.15s 1938-1960 A&O 4s Oct 15 1938-1944—A&O '42.F&A A&O 4Ms 1938-1950.. 6 4.25 to 2.00 to 4.65 6s Ref Nov 1950 Pitt County— 0.60 4Mb 1943-1947 0.50 to 2.40 0.60 to 2.20 1942-1958 J&J 6 2.10 5s Dec 15 1938-1948 b 0.75 1.00 Solvay 4Mb 1938-1940—f&A Somers (T) 4Ms'38-'53-M&N 1.00 to 2.85 to 4.50 A&O 1.80s 1938-1950 Schenectady M&S 5s Fund June 1959 Montgomery County— 5s Flood Emerg '38-'42 J&D to 2.50 M&N 6 0.50 A&O F&A 2 Ms High & ref 1939-57 M&S 1.00 1.00 to 2.70 0.50 2.20s June 1 1938-1962 J&D 0.50 Sullivan Co 4 Ms '38-'45-A&0 b 0.75 4Ms to 2.40 to 2.50 to 2.50 Syracuse— 0.60 May 151938 M&S b 0.75 1938-1960.— 4Ms 1938-1944 4.20s Dec 15 '38-71 to 3.00 M&N b 0.50 to 2.25 J&D15 b 0.50 to 2.50 1938-1946 1 Ms 1939-1946 to 2.75 to 2.40 NORTH to 2.30 Par to 3.40 to 3.50 5s to 3.75 s f revenue 4s serial Utica— to 1977 revenue 109 M to 3.70 % 3Ms May 15 *38-'51..M&N Warren Co 4Mb 1939-'50.F&A 5Ms highway 1939-'53.F&A 5s Water 1938-1953 to 3.25 4Mb 1938-1947 4Mb 1938-1952 4MB 1938-1956 to 3.20 0.50 0.75 to 2.60 0.50 to 2.60 0.50 to 0.70 to 2.60 to 2.25 to 4.50 to 90 90 2.50 to 3.25 to 3.00 to 2.40 . — A&O 6 4.00 J&J 6 4.00 A&O 6 2.75 A&O 6 4.00 ...A&O 6 4.00 A&O 6 4.00 4Ms 4Mb 4Ms 4Ms ■- 3.60 to 3.70 to 3.25 to 3.25 to 2.40 4Mb Sewer 1955 to 2.50 4s 1938-1956 J&J 6 0.50 to 2.00 3Ms 3 Ms 99 100 County— to 3.50 1.50 San Sew '39-'82—J&J Parkway 1962-86.J&D 6 3.25 Co Bldg 1938-44.. A&O 6 Par *44, '45, *56 & '69 J&D 6 2.50 to 8.70 J&D 4s June 1 1959-1964 3 Ms 1938-1951 6 to 3.90 to 2.50 to 3.25 Par to 3.15 J&D 6 3.20 to 3.25 Bldg 1939-59—M&S J&D 6 Par J&D 6 3.25 to 3.00 6 3Ms 1952-1980. to 3 00 Par to 3.50 ]s RiS 1938-1951 J&D 6 3.25 to 3.30 4Ma 1939-1959 (reg)—M&S 6 1.00 to 3.50 J&D 1952-1963 te Plains— 3.9f )0s 1939-1954 F&A 6 1.00 2Mb Sept 1 1943-49 6 2.60 Wolcott 4Mb Jly 15'38-'42J&J 6 1.00 Yonkers— 6s Feb 1 1939-1952 A&O 6 Par 6 Ms Jan 1939-1961—A&O 6 1.50 5s 1939-1961 A&O 6 1.50 4M« July 11938-'62 A&O to 3.35 to 2.90 to 3.00 to 4.00 to 3.75 % to 4.55 to 4.30 3.15 to 3.50 % to 2.60 M&S r°.80 .90 2.50 0.75 to 2.50 % Asheville— 32 m Columbus— 6s 1949-1957 31m 32 m 31m 4Mb 1938-1966 J&J 5s Water 1939 to 1945.J&J 1.50 1.50 to 3.60 to 3.00 to 3.30 Durham County— 1.50 4Mb 1938-1951 J&D 1.50 Forsyth Co 4Mb *38-*58-J&D Granville Co 4Mb '39..M&N 6 3.00 Greensboro— 5s Water 1942 4Mb 1939-1963 1939-1965 4Mi to 3.50 2.50 .....F&A 6 3.90 3.60 J&J 6 2.50 to 4.30 F&A 6 2.50 to 4.25 4s Water Works 1954..J&J 6 4.00 3.85 95 4.25 1957-1962.. J&J 92 M Greenville 5s W W '58—F&A 6 4.50 Guilford County— F&A 6 1.00 to J&D 19 6 2.40 M&n 6 1.75 High Point 4Mb 1939-48.J&J 6 4.75 6s Wat Serv 1938-1968 J&D 6 5.00 to 6.25 4Mb 1938-1957 to 6.00 2.75 % A&O 6 1.00 J&J15 6 2.00 2.50 1.00 1.00 1.00 1.50 1.75 2.50 to 3.25 to 3.20 to 2.00 to 1.75 to 2 60 to 3.25 2.30 to 2.90 to 3.40 to 3.00 to 3.10 to 3.10 pennsylvania 0.85 130 133 4 Ms Dec 1 1951 opt '37—J&D 100 M 101 4 Ms 1939. 1944. 1949 J&J 6 1.20 to 2.00 % 4s Highway Apr.11940, 1942, 3.00 101 to 3.00 to 3.00 to 2.25 1945, 1947. 1950, 1952.— 6 1.40 to 2.10 % 6 1.25 6 1.25 to 2.80 2.75 to L90 2~70 % 6 1.00 to 6 0.75 6 0.75 to 2.45 to 2.50 to 3.00 to 2.75 to 3.10 J&D 6 1.70 to 2.60 4s 1940-45-/»ft 6 1.80 to 2.50 Braddock 4 Ms 738-'41—M&N 6100M to 2.20 Cambria Co 4Mb Nov 1 *38-'45 6 1.80 to 3.00 Chester 4Mb 1938-1940—-J&J 1.50 to 2.30 Chester SD 4 Ms 1938-42 J&D 6 1.60 to 2.40 Del River Jt Comm to 2.25 to 3.25 4mb Sewer 1939-59 Altoona 4Mb Water 1938-60—M&S 6100M to 3.20 lethlehem School Dist— 2.60 2.60 $ Bridge Easton-Phillipsburg 4 Ms 104m Phila-Oamden— to 2.75 4Mb Sept 1 '67 opt *41 Easton imp 1938-43..A&O 6 1.00 to 2.50 J&D M&S 6 1.00 J&J 6 1.00 Fostoria 5s W W '38-'40.M&S 6 1.00 Hamilton County— 4Mb 1943— F&A 4Mb Oct 1 1939 A&O 4M8 Sewer Oct 1 1938-'47_. 6 1.00 to 2.80 to 2.00 L00 to 1.00 to 2.40 1.50 Lacakwanna Co 4s 1944-F&A 2.75 Lancaster Co 4 Ms *39-'60F&A 6 0.75 Lancaster S D 4s May 1945— 2.20 Lower Merion Twp 4s 1945— 6 2.20 to 3.20 McK'p't S D 4Mb 38-43 M&N 6 1.10 Mercer Co 5 Ms '38-'47—F&A 6 1.50 Norristown S D 4Mb 1943.J&J 6 2.30 to 2.50 — May 15 1938-1953 Jeanette 4Ms 1938-1956.M&S to 2.60 to 2.00 6 1.00 6 2.00 to 4.00 6 2.50 2.50 % to 2.60 Par" 4Ms Jan 1 1939-1940 6 Fayette County— _4Ms Highway 1952—J&D 4s 6 1.00 J&D2 6 1.00 116 to 2*. 75 % 2.90% Harrisburg— Lakewood— 4Mb 1938-1939 A&O 4Mb Oct 1945 A&O 58 Park & Imp '38-'41.A&0 Lima 5Ms Sewer 1938-1947.. 5s Sewer Feb 1 1939-'51 F&A Lucas Co 48 O H 1944 M&S M&S 6 0.85 F&A 1.10 F&A Erie S D 4s 1938 to 3.10 114 — 2MsWater works— 1938-1966 4Mb 1938-1960 Liverpool—-4s 1940.J&J 1938-1940 6 1.00 to 4Mb 1938-1962. a&o 4Mb July 1938-1958 J&J 4s Bridge 1942 F&A 4s 1938-1958 m&S 2Mb Dec 1 1938-1965..J&D 2M Apr 1 1938-67 a&o East Cleveland— 1938-1946 6 1.00 6 3.00 6 2.60 6 1.00 Allegheny County— M&S Elyria 4s 1938 4Mb 1938-1952.. 4s July 15 '40-'45 to 2.40 to 4.10 2.20 to 2.50 2 00 2.00 to 3.10 to 2.10 Philadelphia— to 2*.25 % Mahoning Val San Dist— 4Mb water 1938-1952..A&0 6 1.50 to M&S 6 1.50 to Conservancy Dist— 5M« (1 to 5 yr mat'y)..J&D b 1.00 to 5M« (5 to 10 yr mat'y).J&D 6 2.30 to 5Mb (after 10 years) J&D 6 2.70 to 3.25 2.75 Miami 5s Jan 1951... 5s June 1 1962 opt 5s June 1 1982 opt J&J 114 117 115 J '52-J&D '52-J&D 113 115} J&J 107 109 J&J 107 4Mb May 1948 4Mb Nov 1 1948 113 2.30 2.70 2.90 Ohio municipal bonds issued since Jan. 1,1913 are taxable, ail bonds issued prior to that date are tax-exempt. 35 . Allentown— A&O 6 1.00 SS-Me.—M&S10 6 1.00 Martin's Fy 5s '38-'44 to 4.20 35 „ 1 Ms Tax anticipation notes series "O T" May 311938— 5s July 1 1951 Series O—J&J to 2.90 100 F&A 6 1.25 3 J&J/ 35 4mb Dock 1943 m&N 6 4Mb Oct 1938-47——A&O 6 4Mb 1938-1960 M&N 6 4s Water 1938-1955—M&N 6 4s Water 1939-1958 J&J 6 4s Water 1940-1959.—F&A 6 to 3.30 '20-.M&S 2.75 to 1.75 to 2.50 1.00 to 2.80 1.00 to 2.15 1.00 to 2.00 Highway 1938-1941--A&O J&D 4Mb Bridge 1938 1944-J&D 4Ms 1949-1956— f&a 4s Bridge 1945-1955.— J&D 5s Road 1938-1939...M&N Multnomah Co S D No. 1— 4mb July 15 '38-'39—J&J15 4 s-a I 2.50 % 1.00 2.00 5s Harb Dev 1938-50.M&n 6 1 00 F&A 6 1.00 4Mb Bdge 1938-1951—M&S 6 1.00 4Mb 1938-1940 M&S 6 1.00 4 Ms 1941-1961 M&S 6 2.25 Dayton School Dist— 4Mb to to 2.60 5Ms W W Imp 1944..J&D 5s WW Imp 1945 F&A 5s W W 2.50 to 2.30 Dayton— East 3.50 to 3.75 F&A 5 Ms 1938-1949... . gen 2.10 % 4.75 % to 3.75 Astoria 5s 1953 to 2.20 Cuyahoga County^— 4Mb 1.50 to 3.40 1.5 J to 3.60 1.50 to 3.60 1.90 to 3.20 98M to 96 4s „ M&S 6 3.00 2Mb 1940-1959 5 Ms 1941 5s Mar 10 to 3.25 % 2.75 Portland— (School Dist)— 3 Mb 1940 opt 1912—A&O 100 101 Cleveland— 5 Ms 1940-1970 J&D 6 2.40 to 3.65 % 5s W W 1938-1968 1.00 to 3.35 % J&D 1.00 to 3.30 % 4Mb Grad Gros'38~'54-A&0 1.00 to 3.40 % 4Mb Fire Dep '38-'55—A&O 1.00 to 3.20 % 4Mb 1938-1950—.—M&S 4s Sewage 1938-58 M&S 1.00 to 3.30 % 3 Ms 1938-1956 1.00 to 3.20% A&O 2Ms 1938-1951 1.00 to 3.10!% M&S 2Mb 1938-1951 M&S 1.00 to 3.001% Cleveland Heights S D— 6b 1938-1959. A&O 6 1.00 to 3.70 Columbus S D— 5s 1943-1952 3.60 % 2.50 <& 2.75 2.75 May 15 1938-1940 May 15 1941-1945 4Ms H'way *38-'49 (s-a).A&0 4s Highway 1938-1942—A&O 101 to 2.40 to 2.75 J&J 6 3.15 to 3.05 J&J 6 1.25 to 3.10 A&O 6 1.25 to 3.10 A&O 6 1.25 to 3.10 a&o 6 1.90 to 2.45 a&o 101M 103 F&A F&A 2.70 to Certificates of deposit f 35 Eugene 5s 1942 —M&S 6 3 00 1.75 4s 1938-1941 4.50 north carolina * to 2.30 to 3.50 M&N to 2.40 F&A 6 3.75 F&A Certificates of deposit & ref July 1 '43-'46 6 2.75 4Mb 1938-1979 3 Ms 1939-1959 3s 1960-1977 Durham— 1.00 2 Ms 3 Ms 3.10 to 3.10 M&n M&N to 2.00 OREGON to 4.10 4Ms 1938-1944 A&O 6 1.00 4Mb 1938-1943 A&O 6 1.00 4Mb Road 1938-1941—A&O 6 1.00 4Mb 1938-1970 to 1.00 6s Feb 1 1939-1939 to 2.60 to 4.70 1 1976— to 2.75 1.00 5 Ms 1939-1939 5s 1939-1947 .25 6 Par l-4s gen ref July <J 2.60 4.80 4.10 4.60 to 4.75 to 4.75 5s 1938-1939 Charlotte— 6 Ms 1938-1948 % to to 4.25 l-4s gen ref July 1 1976— Buncombe County— Of* 3.25 % to to 4s 1938-1908 3 Ms 1940-45 2 Ms 1946-47-48 ^ to 3.50 to 4.50 6 2.75 4Mb 1939-1962 4Mb 1938-1968 /o to 2.90 to 6 Par 5s July 1961... to 1.00 Tulsa— 5 Ms July 1946 Cincinnati 4s Wat W '45 opt to 4.25 «en 2s Sept 1 1939-63 to 4.50 6 Par 2M« 2Mb 2Mb to 4.60 4s 1939-1958 F&A 3 Ms 1943-61 J&D 3.30s April 1 1938-1956— 3.10s Oct 1 1938-1964 Par to 3.40 1.00 Muskogee— 4Mb Aviation 1939-53.J&J 6 2.50 Oklahoma City— 5 Ms 1938-1940 J&D 6 2.75 5s Water 1938-'47 M&S 6 2.50 4Mb Water Works 1941 J&J 6 2.40 6 500 Okmulgee 5s Mar 15 1943 to 3.60 A&O M&S 6 1.00 100 Water '45 op *25..F&A 1.00 Sept 1 1938-62 1.00 Sept 1 1938 to 1956— 1.00 Sept 1 1938 to 1976- 4Mb 1939-1953 4 Ms 1938-1955 4MsMarl 1938-'56—A&O 6 Par 6 II 2.75 Multnomah Co— 5Ms 1941 —M&S 5Mb Imp Feb '46-'51-F&A 6 2.40 5s July 1 1965— J&J 4M8 July 1943.. J&J 6 0.60 J&J 6 0.60 1.50 4s Co J&D 6 1.75 4Mb Dec 5 193942 2.00 Thousand Islands— 1939-1976 3.25 to 3.20 A&O 5s 1938-1944 M&S Zanesville—-5s City Hall & Market 1938-1939 M&S Zanesville S D 5s '38-'43.A&0 to Cincinnati— 5s to 4Mb 1938-1957 A&O Youngstown School Dist— 4 Ms 1944-47 M&S 4.40s 1956 to 3.25 Westchester 2.75 % 4.00 3.25 to 3.25 Youngstown— 6s Bdge 1938-41 I to 5Ms Wat & Pk *39-'49-F&A Canton— 5s Sewer 1953 M&S 6s Water 1944-1959—A&O 6 2.60 Canton School Dist— 5s 1954 A&O to 3.00 4 Ms Bridge Rev '67-M&S 2.90 OKLAHOMA 4s Water Works 1942. A&O Allen Co 5 Ms 1938-50.-A&O 6 3.00 Ashland 5 Mb 193844—A&O 6 1.00 Warsaw Union Fr S D No 10— 4 Ms 1938-1942 Oct 6 1.00 Water town J&J J&J 6 1.00 4Mb 1938-1954 M&S15 6 1.50 4Mb 1938-1953. M&S 6 1.50 4Mb Nov 1 1938-1953 6 1.50 4s Park July 1 1942...J&J Toledo School Dist— 4Mb 1938-1959 A&O 1.50 4Mb 1938-1956... A&O 1.50 to 4.25 {See footnote *) 0.50 6 0.75 6 1.00 4Mb 1942 4Ms 1938-19535s 1938-1945 1.50s 1938-1946 2.50 1938-1944—F&A 6s Pub Wharf I960-—M&S 5s Sewer 1949 M&S 2.00 to 2.90 108 M 4Mb Pub Imp '38-'45-J&J15 4.20s 1939-1949 F&A M&N 4.10s 1938-1946 A&O 3.90s 1939-1948 .F&A to 4.15 Forks— Akron 6s 1939-1940 5 Ms 1939 1951 A&O 4.15s 1938-1950 A&O 6 1.00 5s W W 3.60 4Mb July 1951 & '55——J&J 6 3.75 3.70 % 4Mb Jan 1957.. J&J 6 3.85 6 2.00 to 3.75 % Fargo 4s Aug 15 1938-54 OHIO to 2.00 6 2.40 2.00 to 3.90 1.00 A&O A&O 6 0.75 1.00 J&D 1.00 J&J 1942-*68 to 98 5s May1938 Troy— 4s to 3.10 Toledo— to 3.75 Water 1938-1950—J&J 6 2.00 5 Ms Water 1938-1950-J&J 6 2.00 4Ms 1938-1950. 4Ms 1938-1970, 4 Ms 1938-1965 Triborough Bridge— 1.00 1.00 DAKOTA 5s Farm L'n 1940-45&'50 J&J 6 3.00 5 Ms 1945 & 1948 ser O—.J&J 6 3.75 Called bonds.! Grand 4Ms 1939-1942 J&J 6 2.00 4 Ms Sewer 1938-1953—J&J 6 2.00 6s 1938-1940 reg to to 2.00 4s s f revenue 1977 A&O 108 M 109M 4s ser rev 1942-68 A&O 6 2.25 to 3.65 % Thousand Isl'ds—See "Watert own" 6 3.25 1.00 to 2.20 M&S 6 0.50 J&J 1.50 1.50 M&N 15 1.50 4Mb 1938-1973... J&J 4s refunding 1948-56 J&J 6 3.00 3s refunding 1956-68 J&J 6 3.15 Triborough Bridge— Tlconderoga S D No 5— 4 Ms July 1938-*58 Tonawanda {City of)— 6 2.50 4 Ms 1938-1958 to 2.60 to J&J 6 1.00 4M 1938-1940— 3.75 to 4.25 Transylvania County— 30 Road & Bridge 6s 1949-50— / 25 Wilmington— 3.75 5s Ref & Impt 1955...A&0 6 3.90 4Ms 1938-1962 A&O 6 1.75 to 3.85 1.75 to 3.75 4Ms Pub Imp 1939-60.J&J Winston-Salem— 5s Sept 1938-1947-...M&S to 3.00 F&A 6 0.75 3 Ms 1938-1951 J&J15 6 0.60 3s 1938-1971 J&J15 6 0.50 2.20% 1939-1957 M&S 6 0.50 2s 1939-1956 M&S 6 0.50 2.10% Aug 15 1946-1947— 6 2.20 4s F&A 1939-1947 4 Ms 1948-1959 F&A 6 4.30 Rutherford Co 5s '38-*52. .J&J 6 95 86 Salisbury 6s 1938-1941-M&N to 2.85 5 M&N 6 4.50 94 M&N 1946-1950 3 Ms 1951-1956 to 3.50 2.75 2.30 M&S 2.25 Randolph County— 5s 1938-1971 Suffolk County— 4 Ms 1938-1957 3 Ma 1938-1951 to to Summit Co— 4s 3.60 Southampton— 1.00 1.00 Net 4s 1938-1955 M&S Springf*d S D 5s '38-'39_J&J2 4.50 4.60 % J&J 6 4.80 SsMunic Bldg 1939—.J&J 6 3.00 5s Impt June 1 1944.-J&D 6 4.25 4Mb 1938-1967 A&O 6 2.50 to 2.75 to 4Mb 1939-1950 Springfield— 4Mb 1939-1949 3.60 % M&S Ask Portsmouth City S D— % Raleigh— County— 4Mb 5s M&N 6 3.80 o.60 Bid Newark 4Ms 1938-1941.-A&O Mecklenburg Co— to 2.75 to 2.25 Bonds 4.00 6 2.75 To or Net Ask Lincoln Co— 5s Bridge 1939-1951 —.F&A 6 2.50 to 2.60 2Mb 1938-1955 9? possible for the closing day of the month preceding the date of issue 6 Basis. / Flat price, n Nominal Ask Philadelphia (Concluded)— 4Mb 1976 opt 1946 —— 4Ss Dec 17 1978 J&J 4s July 1939.. J&J 4« July 1942 J&J 4s Jan 1 1946 J&J 4s Feb 16 1955 —J&J 4s Nov 1 1966 J&J 4s July 26 1972 ---J&J 3Ms July 1 1986 opt 1956— 3s Sept 1 2.50 to to 2.50 to 3.50 2.60 to 4 Ms 1940-1967 4 Ms Jan 1 and J&D 1943-49.J&J to 98 2*45 to F&A 5s 3.00 to 6 1.80 6 1.90 to 2 .65 3.10 to 2.60 2.70% Par M&S b (6 0.50 4s May i5 1948 3 Mb g High sch 0.40 to 2.30 "/o 2.70 2.90 4mb 1950 3.40 3.40 3.50 ...M&N [dence— 6 Par to 2.75 ho 1945—..._—-J&J A&O 2.55 4s Oct 1 1954 4s Water 1962 1938-1950 3s 1944-1951 2Mb 1939-57 WPA School Loan— 3s 1946-1965 48 1.80 to 2.25 Par toj2.30 6 1.90 to 2.60 % 1941 193^1961 —J&D M&N 3.25 (.25 *56..F&A San Antonio 8 D 5s 5s Water Works 1942..J&J 4Mb Water 1938-1968-J&J __ to 3 M % to 4 M 3.90 6 3.50 6 3.00 to 3.75 4.25 to 3.50 6 4.00 4M% Highway '38-'49 J&D Memphis 5s July 1954—-J&J '38-'48.A&0 1938-1962—J&J 19 pages 91 & 3.75 % 6 3.40 3.25 6 1.00 6 1.00 UTAH J&J ^s April 1 1941 4Mb Road 1939 J&J J&J 4 Ms July 1 1939 Ogden 4 M % 1938-1945—F&A Salt Lake City— 5s Refunding 1941.....J&J 4s Ref 1938-1945 A&O 4s Ref 1946-1965 A&O Salt Lake City S D— 4s May 1 1949 M&N Salt Lake Co 4 Ms Apr 1 1942 6 0.90 1.25 0.75 0.75 6 0.50 to 2.20 6 1.50 6 0 50 to 2.10 6 2,20 to 3.00 6 2.40 2.25 6 1.65 1.50 6 1.40 6 0.90 1.35 to 3.15 -J&J 4Ms Water 1949 STATES—See UNITED _ M&N _ „ 90 88 % due 1969 96 ..... 1959.......A&O 4Mb 1938-1955 J&D 4s 1938-1954 M&S Montgomery Co—5s Cumber¬ land River Bdge 1953-F&A to 3.25 VERMONT 3.00 6 3.15 6 3.40 3.25 6 1.00 6 1.00 to 3.25 1938-48 J&D 6 0.75 to 2.15 4Mb Oct 1 1938-1949—-A&O 6 0.85 to 2.25 4.00 Middlebury 4s 1941 M&N 6 4.25 2.70 Rutland 4Mb 1946-48 J&J 6 2.85 3 Ms to 3.20 6 3.60 3.40 6 1.00 6 1.00 to/2.50 to 3.25 6 1.00 to 3.00 6 2.00 1.50 6 1.00 to 3.10 A&O -M&S '38-50.M&S 4Mb High Sch 1940 J&J 8 Hospital '39-'56—J&J a 1938-1968 M&N s 1938-1967 -J&J Par to 4.25 6s 1938-19425s March 1938-1960- Par to 3.75 5S Memorial Sq 2.50 —-—|£l5 T.00 to 1.00 1.00 1.00 to 3.60% 3.60 % to 2.75 ~ to 3.75 .,,g - M&S 1938-1948 Polk Co 5s 1938-1946 J&D Robertson County— 4Mb Road 1948. 1.20 2.00 4Mb ctfs lndebt '39-'53..J&D 2.00 lnstitu'1 1938-'59 J&J 2.40 3 Mb Refunding 1940-55 3Mb State Highway— Ctfs of lndebt 1^40-49-J&D b 2 .40 State ctfs of indebtedness 3s Jan 1 1939-1952 J&J b 0.85 4s 2 Mb Highway Oct 1 '45-'54— b 2.90 Aiken Co 4 Mb 1939-1945-F&A 6 2.40 Anderson Co— 4Mb Highway 1939-43.F&A Charleston—-4 Mb Jan '62-J&J 4s Refg 33 rf0»x-exem).J&J 3 Mb Wat Works Oheraw 5« "52 opt '38-78A&0 '32—July 1 Clarendon Uo— 6s May 15 '38-'40-M&N15 Columbia 5s Ref 1941— M&S F&A 6 2.50 103 100 6 2.25 95 to 3.25' to 3.50 to 3.10 5s Aud Mkt 4M% Jail Smith 5 Mb to 2.90 to 3.00 3.15 to to 3.25 H'se *49—M&S 1940-1951—M&S County— Fdg 1939-1958—J&J Tipton County— „ 100 to 5.50 J&J J&J 5s 1938-1942 to 3.50 2.76 92 101 50 1.00 6 1.50 6 3.50 6 3.50 6 1.50 to 300 3.00 3.50 -J&J 6 1.75 6 1.75 to 2.25 6 to 3.50 1.75 to 6 4.00 to 3.50 6 4.00 to 4s street Nov 11941—M&N 6 4.00 Norfolk— 6 1.00 3s Jan 1 1939-1948 to 4 Ms 1948 4 Ms Feb 1953 95 109 3.50 J&D F&A 3s Jan 1 1949-1958 - 6 2.50 to 4.10 6 2.00 to 4.15 3.50 3.50 to 2.90 % 6100 M to99M 6 4 00 3.60 6 4.00 6 4.00 3.50 3.50 3.50 3.50 Portsmouth— to 3.50 to 3.15 to 3.80 2.75 3.50 J&J 6 3.25 to 3.50 1954.M&S A&O 6 2.00 to 2.25 1922. Brazoria Co— 5Ms Impt Apr 10 Cameron County— 3.75 100 6 "2.00" to A&O 6 3.70 to 4.15 1956-1965 6 3.75 to 4.25 3 Ms 1938-1952 4s 1953-1977 4MB 1938-1942 M&S / 61 5s Road Mar 151938-1957— / 61 97 Corpus Christ! 5s fd '67-F&A 6s Water 1938-1959 F&A / 50 to 3.50 SOUTH DAKOTA 5s Rural Credit '38-*40—A&O 1.50 to M&S 3.25 1.50 to 2.50 3.00 % less 1 1.50 to 3.00 1939-'40 less 1 3.80 6Ms Jan 15 1943 J&J15 1 3.25 4mb Rural Credit 1942—J&J 4ms Rural CreditDue May 1 1943-'50—M&N ♦63.60 to 3.90 % Ref 4s Aug 1 *43-'49 F&A 6 3.40 to 3.70 101 8Ms 1943 to 1946 —F&A 100 97 98 3s Feb 1 1947 F&A 3.75 63 63 100 55 5Msl951 F&A 4Ms Impt Oct 11942..A&O 4 Ms Sch and Sew 1938.J&J 4Ms 1938-1954 J&J 5s Water 1948 -J&D Richmond— 4 Ms 1949 4 Ms 1958 4 Ms July 1 1964 4Mb July 1 1941 4Mb July 1 1965 1939 to 1943 M&N 6 2.00 to 3.25 4s M&N 6 2.00 to 3.25 M&N ..M&N 6 2.00 to 6 2.50 to 3.25 4s 1941 4s Elec Light 1942 4s 1943 1938-1951—J&J 1938-1957 J&J Apr 10 1951— 5s Vlad't & Bridge Feb 10 1954 opt 1924 Apr 10 6 2.00 to 2.75 98 6 3.25 to 3.50 1938-1960 4Mb 1938-1970 4 M 193845 4M 1946-65 5s f Flat price. 3.75 4.00 to 3.25 to 3.25 4 Ms June 11957 J&D Lynchburg— 4Ms Pub Impt 1939 J&J 4 Ms Pub Impt 1946 J&J 4 Ms Water 1951 J&J 4s Pub Impt 1939-1959.J&J 4.00 4.40 6 3.00 6 3.00 J&J 6 1.00 J&J J&D A&O to 3.25 6 Basis, 2.00 to 4.25 A&O 6 2.00 6s Jan 15 Henrico County— School 5s 1939-50 6 3.75 6 3.75 3 50 to 4.25 3.25 3.25 to 6 3.00 5s 1940-1965 Sumter Co 5s 1939-1952—J&J 6 2.10 6 2.00 J&D J&J15 3.90 to 4Mb 1938-1970 to 3.75 6s Sept 1941 5s June 1 1938-39 6 1.50 4.00 _ J&J 6 3.00 3.25 to 4 Ms Water 1939-1965.J&J 6 2.80 6 3.00 5s Sept 1 1939—......... 6 3.85 5s Nov 1 1943 Spartanb'g Co 4Ms'38-'47M&8 to 3.10 Beaumont— 5s Water Works 5s 1938-1939 3.25 to 3.40 to 3.40 4s 1942 opt York^Co 4 Ms 1939-'50 6 2.00 - Charlottesville 5s 1962..M&S 5s Water Impt 1958—J&J Danville— 4Ms Ref Aug 1942 F&A 4 Ms July 1 1939-1950-J&J Fairfax Co 4Mb 1945—F&A2 4M% April 1941-47 5% Water May 1952 5% Port Terminal May '52. 6M% School Oct 1961 Petersburg 4Mb 1952— .A&O Kershaw Co— Spartanburg— 3.20 2.65 to 3 40 Newport News— 4MB 1939-1953 4Mb 1954-1958 6 2.00 3.40j Alexandria 6s 1938-1956.A&0 6 1.00 Arlington Co 5 Ms '39-'54 F&A 6 1.50 Bristol 5 Ms Sch 1939-53 J&J 6 2 50 4.75 3.10 '59-'65 Amarlllo4Ms'38-'58.M&S 15 4Mb 1939-1961 —M&S to 3.00 6 3.25 6 3.25 Abilene 5s Feb 15 3.10 4Mb 1938-1941 6 1.00i 5.10j TEKAS 104 ,3.30 6 2.00 6 100 M to 3.30 3.30 1939-1946-F&A 6 to 325 Austin— 5.00 VIRGINIA 125 Commonwealth) 1962 % ctfs of indebt July 1' '39 101 102 s Refunding 1947-'60..J&J 100 s Refunding 1938-'46—J&J marie Co 5s 1948—.-J&J 6 3.00 6 1.00, to 3.25 6 1.00i to 3.25 4Mb Road July 2 '38-'58J&J Washington County— 5% Fdg Jan 1 1954 J&J 6 White County— 6 5M% Highway 1955—M&S 3.60 4Mb Water 1945 J&J 3.75 Greenville—5s St 1942—J&J 2.25 3 Ms water ref 1939-76 M&N 2.50 Greenville Co 4 Ms '40-*55. J&J 4Mb Hlghw 1939-1945.F&A 6 2.00 Greater Greenville Sewer Dlst 4Mb 1967 M&N 6 4.25 to 3.00 Waco— 93 SOUTH CAROLINA Less 1. to 3.25 6 2.00 Tarrant County— 4 Ms Oct 10 '38-'59—A&O10 3.50 _ 4Hs 1938-1967 -J&D 4Mb Funding 1944 M&N 4Mb 1938-1967 J&D 4Mb June 1938-1957 J&D 6s 1938 1942 M&N 5s Funded 1938-1959.-A&O 4s Funding 1947 A&O ♦ to 6 2.00 to 3.70 Nashville— Woonsocket— 4Mb funding 6s Highway Marlon Co— to 2.75 6 2.00 3.75 3.85 4Mb Park f to 3.25 6 2.50 % to 4.50 6 2.00 6 2.00 4.70 93 91 Refunding 4 Ms Jan 1 195895 93 Refundlng 4Mb Jan 1 1958. 98 95 M Refunding 5s Jan 1 1958— 103 101 Refunding 6s Jan 1 1958— 92 90 General Obligation 4Mb— 95 93 General Obligation 4 Ms—97 95 General Obligation 5s..... 100 97 Funding 5 Ms Sept 1950— 6 4.00 3.90 % Water 4 Ms ----100 97 4s Funding 1952-62—.A&0 Madison County— 6 1.00 to 3.75 4Mb Water to 2.60 to 3.50 6 4.00 Wichita Falls— County— 4Mb Bridge May 1 '51 2.70 2.70 Par _ J&J 84 6 4.00 Ref 1939-1948—J&J 6 1.50 5s River Term to 3.25 6 3.00 5s Sept 1938-1959 M&S 5s St Impt Dist No 2 1943.. 4MB 1939-1967 J&J 4 Ms 1938-1968 F&A 3s July 1 1938-1951 J&J TrLflrann 2.60 A&O -J&D -J&D F&A 4s Oct 1 1964 6sFund 2.55 --J&J M&N2 J&D 4s July 1956 4s May 2 1957 to 3.25 6 1.50 5Ms W W 1938-65—.M&N 2.80 6 3.65 1957-A&O Knoxville— to 3.50 4 4s Jan 1 _ Knox to 1.25 2.25 6 1.50 San Antonio— County 4M% Refunding 5 % Bridge 1944 to 3.25 F&A 5a 1939-1970 to 3.25 '39-J&J to 3.25 Port Arthur— 3.90 M&S 2.30.% to M&N 1954.J&D 8chool 1954 Palestine 5s Sch Aug 1 1939. 1944.'49. '54.'59,*64 3.90 Johnson City— 5 Ms Impt 1938-1946—J&D Pawtucket— ,s 3.90 6 4.20 A&O 2.25 4Ms 1938-1953 95 6 4 20 6 '52M&N 3.25 M&N 4.20 _ 3.60% to"3.40 % Par 1938-1942..M&N b _ 6 2.75 Hamilton 2.30,,„ Cranston— 5Ms June 1 90 Fayette County— 6 5.00 4Mb Road 1958-—.—J&J Gibson County— 6 4.10 0.75 4Mb. 1940-1958 to 1.45 Par 3.10 6 3.00 4MS Highway 1947—J&J 6 1.00 5% Co Memorial *38-'50J&J 80 Dyer Co ref3M-4Ms 1965 2.00 to A&O . to to 2.00 4M Impt 1938-39 (s-a) .J&J 6 1.50 4 Ms Impt 1940-55(s-a) .J&J 6 2.25 to 3.25 6 2.50 to 3.00 4Mb 1942-1947 to 3.25 2Mb and 3s 1941-1968-J&J 6 1.25 to 3.25 Ind Sch D 3s *39-*66—F&A 6 2.00 6 3.00 to 3.25 Houston S D 5s Feb 1952 4Mb 1938-1951 J&D 6 2.00 to 3.25 2.75 6 3.20 / 85 Davidson County— to 2.60 50.75 1.40 6 2.90 — to 4.40 1938-1952—M&N 4MB 1938-1957 J&J 1.10 2.90 6 3.10 to 3.25 4Mb Sept 1.00 6 1.40 _ 4Mb Road 1947 opt to 1.80 6 J&J '38-73.M&S15 6 1.25 to 3.00 2.50 2.00 2.00 Houston— 5s Sewer 1939 Cocke County— 100 1939-43.-.-J&D 1.00 3.15 County—„ ftindlng Jan 1 1959—J&J / 84 School 1956 4Mb Memorial Aud 5s Hospital 1954 RHODE ISLAND 2.00 8% Public Wks 1951-56.M&S 4s Oharit Inst 1965 M&S 4s June 1 1977 J&D 6 "2.80* to 3.45 6 1.25 to 4.15 4Ms Apr 10 *38-'56.A&010 6 2.00 4Mb Road Apr 10 *38-'60— 6 2.00 2.85 to 3.40 6 2.00 4 Ms to 2.65 6 2.00 5 Ms road Chattanooga— 3.20 to to 2.65 6 3.00 6 3.25 ----- . to 3.00 to 4.15 Grimes County— 5Ms Road 1938-54.A&0 10 6 3.00 Harris Co— 101 6 2.90 Feb 15 1939— Carter 6 1.75 Galveston— 5s Grade Raising 1944.A&O 5s School 1938-1954 M&S 5s 1938-1956 A&O to 2.70 99 6 2.80 J&D 4Mb Dec 1 1939 4Mb bridge 1944-1945 6s July 1 1943 6s April 15 1946-47 to 98 6 2.2 5 6 4Mb Jan 1 1939.—.— 2.30 to — J&D ~ ~ J&J N?«sI1938-1939 Refunding 1941 J&J 6 2.70 Ind Sch D 4s *39-'64—F&A 6 2.00 1.25 3 Mb Nov 11938-1967-M&N less 1 100 1946 1947-1948 3 Ms Sept 1 1944 3 Ma Sept 1 1945 3 Ms 1948 6Ms 1955-1958 3.90s Sept 1 11 4s 1940-1955.. to 3.50 b 1.00 '38-41—F&A 4s 1939-1966 4Mb Mar 15 5s 1938-1942 6 2.50 J&D 2 Ms to 3.50 ft 6 3.80 o 4.00 J&D 6 2.00 to 4.15 6 2.00 to 4.10 F&A F&A 6 2.00 to 4.25 A&O 4s ^ TENNESSEE 166" 1M % Dnempl Relief '38.M&S 1M % June 1 1939 J&D May 4Mb 1939-1964 J&D Fort Worth— 106 M M&S Scranton School District— 4Mb 1939-1956 J&J 6 180 Wllkes-Barre— 4Mb 1939 1940.-----J&J 6100 M 4Mb Impt 1940-1945..-J&J 6 1.80 lor! 4Mb 1938-1943 ork F&A 6 1.10 4Mb 4MB 1939-1971 90 38-'47J&D 5 Mb Dec 1 1940 lOQO June 1 5s 1951 6s 1938-1959 70 Sioux Falls S D— Schuylkill County— 4Mb 1938-1955—.—-J&J lg% 90 Perkins Co 4 Mb fd 2Mb Sch Dlst 1938-62.A&O SlOOH 2j|s July 1 1938 *56 .-J&J 6IOOJ3 2Mb Feb 1 1939-1958.P&A b 0.50 Public Works Relief— Scranton 4 Ms 6a 1938-1950 85 85 60 85 Stanley Co 4 Mb fd '43-'48 J&D 4s 1939 80 1938-'47.M&N15 4Mb fund 106 M 4MB 1938-1943 —J&J 6 2.00 4MB 1941 1959 .M&N 6 2.60 \b Apr 151939-58. A&015I6 2.50 -"b 1.75 4s 1938-1942 -J&J 4s 1938-1956 J&D b 1.75 4M% 1953 Reading 5s Impt Corson Co 5s fd 1938-'47 M&N Jackson Go—- 106 Philadelphia School Dlst— "WXttwn Bonds Ask Ask Bid Bonds Net Bid Net To Net or To or To or Bid Yield Basis Yield Basis Yield Basis Bonds month preceding the date of Issue possible for the closing day of the Quotations for all securities are as near as Am BONDS STATE AND MUNICIPAL 98 4s School 2MB Dallas Co 4Ms 2.50 QQ 3.75 3.75 6 2.00 to 3.90 $ Optional to Jan. 1 6 4.00 6 4.00 6 4.00 3.50 6 4.00 3.50 • 1 1 1 > 1 I I 1 ti I I 11 1 11 1 11 6 3 .50 6 3.50 2.80 2.80 2.80 2.25 2.80 2.40 2.25 3.00 3.00 1 1 • ■ 1 1 1 .J&J J&J 2.40 2.40 4 Ms StreetUmpt May 1940 1941—M&N 1944—M&N s April 1952 A&O _s Jan 1 1939-1958—J&J Staunton 5s .1938-58——M&S s Pub Bldg Pub Bldg 3.00 6 3 50 6 3.50 3 00 6 0.50 to 2.30 6 2 50 to , purch 1950—.A&O 6 4.00 5s Impt Aug 1 1948—.F&A 6 4.00 5s W W 4Mb 1938-1960 J&J J&J ft 3.50 3.50 3.50 6 4.00 Roanoke— s El Paso— J&J J&J J&J J&J J&J 6 4.00. 6 4.50 A&O Tazewell Co 5s 1939-46—J&J 6 2.50 uountyWashington County— 5s school 1939-49. 1938 at 105. 1943 at 104, 1948 at 103. 1953 at 102 and 3.50 to 3.50 .J&J 6 2.50 to 3.50 % 1958 at 100. 99 state and municipal bonds mabch, 1938] Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Yield Basis Yield Basil To or Bonds Bid Ask WASHINGTON 6s Gen Fund 1938 1940—J&J b 1.25 4H% Gen oblig 1938-1943J&J b 1.25 4% Gen oblig 1948-50 b 2.80 8H§ Gen oblig 1950-51 b 2.80 b 2.80 101 2.00 to 2.30 to to 2.90 to 2.90 Yield Basis To Net or Bonds Bid Spokane*—" 4 Ha Park 1962 —J&J 4s & 4 Ha ref 1938-51.. J&J 3Xs lief 1943-1954 —J&J 4Xs 1938-1954. M&S 6Xs 1939-1953— J&J 6 2.00 6 2.40 to 6200 6 2 00 6 2.00 3.40 to 3.60 to 2.50 6 1.50 6 2.00 6 2.50 62 00 6 3.00 to 3.10 to 3.30 5s Imp—Mar 1 1938- 42... Spokane Water Revenue— 4H*Aha 1938-41 A&O Everett— Tacoma—Revenues— 4 34s Gen oblig wat.1938-59 b 1.50 to 8.60 4Xs Water '39-*43 (h J&J Revenue Bonds— 4Xs EIL&P *42-'46(s-a)J&J 6 Ha Water 1938 2.00 4XsEIL&P'38-51(s-a) A&O M&S 5s Water ref 4s Water 1944-46 1938-45 b 1.75 to 2.50 J&J (s Water ref—1938 39 b 1.75 to 2.25 Walla Walla— • 6 2.25 to 2.50 4Xsref wat 1938"'54...J&J ]s Water ref—1940-42 to 2.90 Ask 3.25 to 2.40 to 6 2 50 6 3.00 to 3.00 6 2.00 to 3.25 3.40 5Xs G O sewer 1939..M&N to 4.00 5s Wat rev 6,2 50 to 6 2.00 6 2.00 to 3.35 4 Ha Jan 1939-1955....J&J 6 2.00 to 3.60 . to 3.25 WEST VIRGINIA to 3.60 6s 1938-1941 L & P.-A&O 6 2.50 to 3.50 5Xa L & P 1938-43. Jte&N 62 50 to 4.00 5s Light & Pow 1942-56A&0 6 4.25 to 4.60 4X U & Pr 1939--58..M&N 6 2.75 to 4.60 Gen oblig 4Xa *38-'40-A&0 6 3.00 to 3.75 4Hs 1941-1955.. A&O 6 3.75 to 4.50 4Ha 1938-1957— -..A&O 6 3.25 to 4.50 4s mun It & pr'38-'53.M&N 6 2.50 to 4.40 3X mun It & pr *43-53 A&O 63.75 to 4.25 _ 1938-'51—J&D 6 2.00 4.00 Seattle— 3Xsmunlt&pr'38-'54A&0 6 2 ,75 Seattle School lust No 1— 4s 1946-1950—.M&N 6 3.10 Clarksbg S D 5s *41 ep '21M&S 100x Hancock County—5s Grant Road Diet '46 opt '32.M&N 99X Huntington 5s 1944......Oct 6 3.25 100 Mercer Co 5s *44 op '24 A&015 Morgan town 5s 1938-48—J&J 6 1.50 to 4.20 to 3.30 5s Highway 1938-1946—j&j 6 0.50 4Xs 1945-1954... ..J&J 6 2.35 4 Xs 1938-1943 —J&J 6 0.25 4s 1939-1950 —J&J 61.00 4s July 1948-1952.. J&J 6 2.40 3Xs 1951 and 1952... J&J 6 2.45 3 Ha 1943-1952.... J&J 6 2.Uo 3s Sept 1.1938-1946 M&S 6 0.50 to 2.50 6 2.20 to 2.50 2X« Sept 1.1946-1960—M&S 2 Ha Nov 11938-62.-—M&N 2Ha May 1 1944-1962 1.40% July 1. 1938-*39--J&J Charleston 4 Ha *41 opt '27 J&J Charleston 8 D— 5s 1938-1952 .—J&J ... 8.50 to 2.50 to 2.25 to 2.20 6 0.50 to 2.50 6 2.15 to 2.45 6 0.251 to 1.00 3.40 % to 2.50 % to 2.50 to 3.75 to 2.75 to 2 00 to 2.40 to 2.40 Milwaukee County4 Ha Ct H'se *3S-'50 M&N 15 6 075 4Ha Sew Mar 12 38-'45—— 6 0 75 to 2.20 to 2.50 to WISCONSIN 6 0 75 4Xscourth'se '38-49 J&D16 Racine—4 Xs 1938-'57—M&N 6s 1938-1941 F&A Racine Co 5s 1939-1940—J&J 4Ha 1938-1950—. J&J Superior 4Xs Sch *3$-'44.J&J Wood Co 5s 1938.———A&O 6 1,00 6 1 00 to 2.60 to 2.40 to 2.60 % to 3.25 to 2.75 6 1.25 6 1.00 to 2 6 1.00 6 0.50 to 3.75 to 75 3.25 1.25 co WYOMING 100X _ 6 1.00 to 3.60 4s Road 1951 piarksburg 5sl938-1953.A&0 61.00 to 3.50 6 1.75 Natrona Co 8 D No 2— 5s 6 Basis. J&J 6 125 Eau Claire 4X« 1938-'44.J&J 6 1.00 Green Bay— 4Xs 1938-1947— A&O 6 1.00 6s W W 1938-1960 M&N 6 1.00 Madison— 1.00 4Ha 1938-1949 J&D Milwaukee—5s 1938-'40..J&J .75 4Xs 1938-1945——J&J 4s 1938 1944 J&J 0.75 to 2.65 to 2.45 100X 3.00 % 100 10 3., Wheeling— to 3.00 to Ask Bid 5s Wat Wks 1938-52 Yakima— Bridge 1938 M&N Bridge 1939-49.M&N 4Xs 1938-1950-.—.M&N Pierce County— 4 Xs 1938-1044.— Port of Seattle 5s *38-'55 M&S . Bonds _ lounty— Te Net or to 2.25 Net opt 1941 A&O —J&J 6 1.50 1938-1944 1.25 % to 3.25 / Flat price. Quotations are as near as possible for the closing day of the month preceding the date of issue. Dec. 31, Unearned Premium 1936 Reserve Surplus Par Capital Dec. 31. Ask. Par share Aetna Knickerbocker (N Y) 5 Lincoln Fire (NY) 5 Manufacturers Oas'ty (Phila) 1 10 Maryland Casualty.. 1 Mass Bonding & Ins (Boston).......... 12*2 Merch Fire Assur /com 2 Casualty & Bur etna Insur (Hartf) 2t(Hartford)........ 10 3.000,000 10 7,500.000 _ _ Aetna Life (Hartford) Agricultural (Watet'n) Alliance (NY). Equitable (NY) Fire (Wash'ton) Home Fire(N Y) Amer Insur (Newark) Amer Reinsur (N Y)_ Amer Reserve (N Y)_ Amer States (Ind'nap) Amer Surety (N Y)— Amer Amer Amer Amer Automobilelns(Hartf) Baltimore Amer (Bit) Bankers &Shipp (NY) Boston (Boston) Buffalo Ins Co (Buff) Camden Fire f Camden) 12.443.233 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 6.226.166 340,779 100 200.000 10 1,000,000 1.859.397 2 X 3,343,740 16,284,614 10 1.000.000 10 1,000.000 300.000 10 300,000 25 7,500,000 5.120.993 10 5.000.000 6,831,284 2H 1,500.000 2,621,129 25 1.000,000 2.980,159 100 3,000.000 15.134.403 100 1.000.000 2.331.872 5 2,000,000 5.026.399 13.240.995 16.583.266 7,658.984 5,040.327 1.863,963 4,167.426 71,005 770.437 11,483,367 . Merchants 500,000 1,038.021 644,349 5 10 400,000 1.500,000 441,318 2.492.244 New Amsterdam 100 Conn Gen Life (Hartf) 10 Continental Assurance 10 Continental Casualty (Hammond, Ind).. 5 Continental Ins (N Y) 2H Eagle Fire (Newark!. 2X Employers Re-ins(KO) 10 Excess Ins (N Y) 5 Federal Ins (Jer City) 10 Fidelity & Dep (Bait) 20 Fidelity-Phenix (NY) 2H Fidel & Guar (Bait).. 10 2.000.000 5.000,000 1,000,000 3.127,599 $36,993,878 6.064.272 171,396,914 2.432.617 19,533,628 21 1,841,318 2.168,299 Columbian Nat'l Life (Boston) — 1.750.000 3.903.196 5.000.000 71.826.432 1,000.000 1,051,821 1,500,000 2.500.000 502.710 755,095 4,000,000 11,894,919 2,400.000 5,116,134 Gibraltar Fire & Mar Glens Falls Insurance 10 3.750.000 57,994.448 1.000.000 2,000.693 2,000,000 9.800.058 463.678 200.000 7,500.000 16,057.897 9,397.690 11,072,999 3.000,000 12,449.757 1,000,000 5.397.308 500.000 1.011.072 1,000,000 1.828,604 (Glens Falls, N Y). Globe & Republic Globe & Rutgers Fire. 5 FiremenaIns(Newark) Franklin Fire (Phila). General Reinsurance. Georgia Home..— 2d preferred Gr Amer Indemnity ► (New York)..—... Great Amer Ins (N Y) Halifax (Halifax,NS). Hanover Fire (N Y). Hartford Fire (Hartf) Hartford Steam Boiler ' (Hartford)-Home (New York).— Home F & M (S F) Home Fire Security.. Homestead Fire (Bait) Importers & Exporters v (New York) 10 20 25 5 5 5 10 30 6.397.772 14,792.093 2.953.436 100 31X 32 H 6 35 H 57X 28 12,581.703 12.277.295 6,636.525 2,073.384 862.173 72 8 27 32 X 20 22 H 1,000.000 5 8,150.000 10 2.000,000 10 4,000.000 10 12,000,000 10 3,000.000 514,500.000 10 1.000.000 10 ,4,932,000 10 1,000,000 200,000 3.933.913 28.672.635 2,081.290 8.746.031 49.476.073 13 (Milwaukee) —— Occidental Ins (S F) Old Line Life (Milw). Pacific Fire (N Y)... Pan-Amer Life (N O). Peerless Casualty.... Phila Life (Phila) PhUa Nat (Phila) Phoenix Ins (Hartf).. 3.656,717 ton 75.631 * 1,018.205 1,920,780 20.087,097 1,117.004 706,343 x Ex-dividend. *44*~ *25*" 8X 4X 18X *9 10X 1,453.466 27X 29 10 3,000,000 4,314.470 40X 42X 20 5 1,000.000 1.000.000 2.000.000 1.000.000 1.636.245 2.066.520 5.809.845 4,319,050 39 78 81 981,327 557,769 22 27 5,132.465 771,637 115 25 11 119 3,14*7*575 97 108 28.502 102.778 100.000 512.461 15 10 2.000,000 1.000.000 1.000.000 1,000.000 1,000.000 550.000 700.000 1.000.000 1.381.463 6.000.000 38,182.318 1,000,000 2.751,917 1,691.588 14X 16X 10 3,000.000 7.579,972 4,273.235 30 32 1,000,000 2,000,000 1,000,000 1.000.000 2,057*089 87*9*151 2,742.889 1,864,874 1,157.237 2,121,180 1.160.062 1.675.507 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 8,647.086 606.865 715.016 3.368.880 91,763 6,691,342 1.000.000 4.000.000 25 10 10 25 10 5 10 10 8,255,807 57 6X 57X 13 X 118 119"" 41 15X 26 8 14 73 a* y 15 75 2 10 10 10 5 5 10 10 5 West Coast Life (S F) Westchester Fire (NY) Wisconsin Nat Life... 25 5 !a 1,000.000 1,308.763 375.000 649.639 1,000.000 11.613.091 400.000 876,396 3.904.700 11,322.935 1.155 652.938*688 19 23 X 21X 5X a* 24 7H 5X 183 8 27 6X 191 10 18X 29 30 113X 116X 5 415 420 6 465 430 2.145.325 6X 7X 13.732.443 13X 14X 49X 48X 11 9.315.899 2,569.525 406,512 592.908 20.527.486 5,281,108 31.476 Consistsipf $525.0001st preferred. $563,413 2d preferred, and $75,000 junior preferred stock, 1 Policy reserve. merged in 1930 with American Reserve Ins. Co. 20 4X 5.801.131 1.000,000 (NY) Virginia F & M (Rich¬ mond)............ 390 1.424.975 14.621.852 25 5,000.000 14.253.397 5 500.000 1.091,638 Sun Life Ass'nceJOas) 100 4.000.000 Travelers Fire (Hartf) 100 20.000.000 18.1*18*207 U S Casualty con v pref 2 1,000,000 2.147.255 U S Fidelity & Guar¬ 2 2.000.000 7.329.395 anty/Baltimore)—. U S Mre (New York). 4 2.000.000 23.248.606 U S Guarantee Co... 10 2.000.000 5.227.916 Univer Ins (Newark). 8 400,000 1.863.501 917*457 46 X 41 117 '§8 30 1,000,000 25 Security Ins (N Hav). Springfield Fire & Mar (Springfield, Mass) Stuyvesgnt Fire (N Y) 6,765,043 44.874.929 2.129.771 27 X 3X share 10 (St P). (NY) Seaboard F & M Seaboard Surety 31.155.533 1.000.000 750.000 400,000 11,035.621 11.035.621 4,969.752 3.824.104 2.000.000 2X Ask. American St Paul F & M 568.614 4.548,418 144.035 5.476.241 Per 11 20 Preferred Accident (New York)....... Providence - Washing¬ Rossia Ins (Hartford) 13.182.221 2.799,143 2.799,143 Bid. 1,823.101 210.000 North westernNational Rochester 36X 422.519 i 1,000.000 750.000 5,000.000 4,000.000 100.000 1,100.000 North River Ins (N Y) 2 X Northern Ins Co (NY) 12 X Northwest Fire & Mar 10 71 20X 7.955.263 64.598.858 2.965.086 193.779 1.212,966 Reserve S Cas 31 1,164,001 5 10 10 2 5 (Baltimore)....... New Brunswick Fire (New Brans. N J).. New Hampshire Fire (Manchester, N H) New Jersey Insurance (Newark. N J).... New York Fire (Providence)-. ReinsuranceCorp(NY) Reliance ins (Phila)— Republic (Dallas).... Revere (Paul) FireRhode Island (Prov). 6,124.501 2.400.810 6,126,390 $ 1.000.000 1,000.000 11.524,802 10 1 Insurance Co of State of Pa (Philadelphia 10 1.000,000 2,226,143 Insur Co of Nor Amer (Philadelphia) 1012.000,000 65.872.181 EansasCity Life (Kan¬ sas City. Mo) 100 1,000,000 9.478,93- 25x liH 4f* 6 1,000.000 3.487.420 15 1,200,000 19.728,971 15 tl.163,414 5 t 80 8,125,172 19.276.020 733.822 3.073.364 609.183 2.226.265 2,500.000 10,265,336 Fire Assoc of Phila Fireman's (Wash'ton) Firemans Fund (S F). 10 Capital Insurance (Providence).. National Oas (Detroit) National Fire (Hartf). Nat'l Liberty (N Y)._ Nat'l Union (Wash).. Nat Union Fire (Pitts) . 10 \pref (Newark. N J). Carolina (Wilmington t»N. C.)_—.. Central States Life (St |» Louis) City of NewYork(NY) (New York) Merch Fire (Denver). Merchants & Mfrs fire 1.190.142 2024.031 761.633 5.795.443 8,192.322 2,373.440 2.947.936 4.347,850 2,101.956 4.973.696 mm Lnearnea Premium 1936 Surplus Bid. S* 9X 28 10X 29X 15 30 12X 31 18 a Company was 1 Quotations in this department are given per share, not per cent, except for stocks of Canadian Institutions, and are possible for the closing day of the month 'preceding date of issue, though often are nominal. An asterisk (*) denotes as near as ■ales. figures of deposits, capital and profits for the National banks are from the Comptroller's last call; for all other insti¬ they are the latest obtainable, direct returns being procured by us where no periodic statements are required. For the Clearing House banks of New York, deposits are taken from the latest weekly statement. tutions National Banks Capital Surplus & Profits National Banks Stats Institutions Dec. 31 ALABAMA Dec. 31 CALIFORNIA Dec. 31 Gross Deposits Par Bid Capital Ask Surplus Ac Profits State Institutions Dec.'61 Gross Deposits Par $ 82,264 Birmingham— 125.000 Bank for Savs.&Trts. Birm'ham > Per share. 500.000 Common Preferred Industrial Say Bank. Flrat National Bk— al,807,200 125.000 I 2.500,000 6,750,000 Common Preferred 809,393 r t 20 1,194,217 1,204,223 55,325,898 25 ■. a50 Los Angeles— 42 44 100 N 50 o re cent les 5,000,000 1,000.000 Common...... Preferred 2,714,212 102,652.885 (25 19* 22* 125 Oltisens Nat Trust Ac 25 Bank 5,000.000 /4,240,000 114,158,323 3,000,000 5,171,625 119.060.638 20 23 100 373 420 Secur-First Nat Bk— Common 24.000.000 114500000 575.323,504 9,500,000 2.500,000 2.627.842 40,259,097 100 1,353.414 44.352,396 10,464,689 100 375.000 1.000,000 1,000,000 247,684 1,345,436 1,508,258 2,458,209 21,277.872 19,225,283 70 100 20 5734 60 Union Bank Ac Trust Alabama Nat Bank. 300.000 12 12 H Bank of Commerce.. Central Bkof Oakland 325,750 2,000,000 1,000.000 3,879,883 16,667,317 10 First Nat Bank..... 227,113 725,378 7* 14 1434 Farmers Ac Mer Say. 300.000 84,956 2.045.893 Merchants Nat Bk— Ask 1 California Bank— 100 Sayings Flrat Nat Bank 15,564,079 2,907,189 sa Farmers Ac Mer. Nat- Mobile— Amer Nat BkAcTr Co $ 486,590 201,354 25,486,575 (100 81,700 i Long Beaoh— Farm A; Merch Bank. 1,000,000 WesternTr Ac Say Bk 4 223.000 50 1,203,973 Tr Ac Say Bid Nomi nal. Per share. Nomi nal. .... Preferred J25 43* 45 105 * 114* Oakland— Montgomery— 69,933 1,590,986 241,414 100 Union Bk As Tr Oo— 100.000 50,000 Common Pasadena— Citizens Ooml Tr Ac S 100 300,000 546,372 Common 400,000 722.217 15,061,762 Preferred Preferred— 600,000 150,000 300,000 37,589 297,038 1,817,337 3,754,896 965.000 50,000 246.250 145,000 1,307,848 150,851 125,172 68,415 32,672,769 1,656,649 5.831,311 1,455,369 100 re 100 sa es 4175.000 120,484 3.257.796 100 41.500.000 432,756 25,230,424 025 250.006 815,359 12,820.736 125 100 495.000 600,000 200.000 155,564 45,249 8,185,898 3.132,443 125 100 "80"" 125"" 100 125 First Tr Ac Sav Bk— Selma— 206,826 80.768 218.609 115,715 400.000 4120,000 200.000 4350,000 City National Bank People's Bk Ae Tr Co Selma National Bank Selma Tr As Say Bank 100 Pasadena-First N Bk 25 2,653,630 1,482.118 1,901,916 1,576,866 Security Nat Bank.. 6,p94v82l5 1 25 45 50 125 20 100 *250 100 Saoramento— 100 Capital Nat Bank— Citizens Bk of Sacra. Merchants Nat Bank Sumitomo Bk of Gal. 100 N o 100 cent SanBernardino— American Nat Bank. 8an Dieg First Nat T Ac S Bk 3* 4* San National Banks Diego Tr A; S B Common——.. StaU^Institutions ARIZONA Preferred.. Security Tr Ac Say Bk United States Nat Bk 4 Nomi nal. Per share Bisbee— Miners Ac Merch Bk. 197.683 250,000 100 4.245.884 Phoenix— First Nat Bk of Ariz. Phoenix Sav Bk Ac Tr 550.000 247,500 837.075 154,689 N 0 Preferred | 689,587 250.000 394,007 37.268.837 / 6 cent Ba lee 16* Tucion— Sen Arizona Bk At Tr 100 8,549,364 20 15 80 183 43 X 45* 50.000.000 59,104.963 1357378756 1.500.000 /2.217,422 18,854,965 101,094 3.689.554 100 500,000 190 194 1,000.000 f 4.427,350 100 191,883 Canadian Bk of Com 152 100 1.300.000 459,011 19,023,023 Crocker First Nat Bk 375"" 6.000,000 7,969,105 129,105,628 100 320 The San Fran Bank. 6,000.000 8,670,747 157,209.122 1000 12.000 13,000 Pacific Nat Bank 120 100 1.000.000 377,752 8,801,471 Wells Fargo Bank At Union Trust Co.— 9,000.000 8,574,877 212,997,854 285 100 295 Yokohama Specie Bk 1,000.000 337.527 4,537.292 p American Tr Co— Common Preferred 7.500.000 16,693,475 265,508,089 7.500.000 ..... j 20 San Jose— First National Bank. National Banks Dec. 31 ARKANSAS aUUPec!t\i9nt 600.000 Santa AnaCommercial Nat Bk. <1145.000 101,254 200,260 10,937,053 /100 1100 200,000 1,000,000 375.000 522,118 954,000 123,798 4,659,611 11,312,761 2,668,401 Preferred Fort Smith- 299.000 500,000 500.000 83,430 626,698 549,424 3.091.383 7.176,366 9.809,075 300,000 200,000 100.000 438,675 102,769 40.175 8,696,832 3,702,598 1,175.435 25 320,216 9.860,616 1 20 i 20 100 25 Little Kook— — Peoples Nat'l Bank. Twin City Bank—. 20 25 a o 360.000 Preferred 185,500 I cent <2672,000 sa Preferred Simmons Nat Bank. .... 14,552.054 50,000 l 50.000 400.000 64,766 les *• «(?'■' N 100 100 re o cent sales Outstanding preferred stock consists of $1,107,200 1st pref. of $20 c Savings deposits, par March 4, 1936. d Common and preferred stock outstanding, 0 12,536,139 100 Quotations for the San Diego First National Co., which controls 97% of the stock of the First National Trust Ac Savings Bank of San Diego, Calif. 325 2 Last sale price, p 100 /June 30,1937. 2,193,726 (100 \100 855,680 1140 60 N Pine Bluff— Nat B of Commerce. Common 327.496 100 value and retirable at $50 a share, and $700,000 of 2nd pref. stock. e ... 10.898.194 t Controlled by the Transamerica Corp. of San Francisco, Calif. Union Nat Bank— Common........ 843,095 {■ •Sale price. Commercial Nat'l 33 45* StocktonFirst National BankStockton S At L Bank Union Safe Dep Bk. 100 !°2H 1,618,702 12* 564.700 435,300 First National Bk— Common Nom inal. Per share. City National Bank. First National Bank- 15* 186 Bank of America Bank of CantonBank of Montreal re 600,000 1.227.600 5,453,974 207,518,597 8,348,186 108,797,395 135 Afc Savs Assoc 15.743.925 t 20 4,117.901 t 25 Talley Nat Bank— Common San Francisco— Anglo California National Bank... 15,400,000 Bank of Calif, N A— 6.800.000 Bank of Amer Nat Tr 102 Par value 100 n yen. New stock Maech, 1938] BANKS AND f See CANADA IiPage Na"SZ'Tk° TRUST > National Banks 111;C State COLORADO COMPANIES Capital Cross Par Deposits Ask Bid Nomi nal. Per Colorado Spga.— Colorado Sav Bank.. share. % 60,000 132.810 1.772,593 2,474.004 6,782,188 10,197,765 Equitable Trust Co. 1 Security Trust Co... Wilmington Co 60 150 4.DOO.O00 11,792,602 75,985,801 50 225 1,752,006 8,072,213 100 150 .100 000 625.000 203.175 I.000.000 8,209,042 ( 50 96,816 5,158,875 100 1.000,000 11,513,081 37,701,122 (100 100 000 672 600 100 50 25 39 25 41 80 75 100 160 25 7l" 68 160 235 100 442,726 Ask (100 317,587 378.014 Bid Nomi nal. Per share. 110 300 % 2,592,116 18,782,972 2,586,701 3,700,629 10,053.191 18,168,119 9,109,898 21U.UU0 100 79,952 Par Deposits $ 303,306 3.630.431 1.021,927 708.373 788.264 2.707.492 951,210 , Central Nat Bank Farmers' Bank Industrial Trust Co. Union Nat Bank Delaware Trust Oo__ . 100.000 84,500 300,000 300.000 s State Institutions Dec. 31 Gross Surplus & Profits Capital Wilmington— Surplus & Profits DELAWARE Dec. 31 Institutions Dec. 31 101 Colorado Spgs Nat B Common Preferred class A.. Exchange Nat Bank. First National Bank. 1100 100 Denver— American Nat Bk— Common Preferred 300,000 [ 150,000 350.000 ..... . Central Sav Bk & Tr Colorado Nat Bank a Common Preferred l Colorado State Bank Denver Nat Bank... First National Bank. National City Bank. Union National Bk Anacostia Bank lioo 800.000 60.000 110,920 1.260,000 1,500,000 a 100,000 100,000 U S National Bank.. 650.000 International Tr Co. 500.000 1,629.587 2,515,450 37.958 22,586 . 2,182,498 1,665,795 1.708.775 31,211,734 54,167,500 1,133,537 704,783 24,326,856 17,133,332 Nomi nal Per share. Washington— 50 N 100 o 50 re cent 100 sa les "loo 100 100 a a City Bank Columbia Nat Bank. Bank of Oomm A Sav Hamilton Nat Bank. 145,000 490.000 250,000 100.000 1,000.000 Liberty Nat Bank 500.000 Lincoln Nat Bank 400.000 McLachlen Bkg Corp a 341.000 Nat Bank of Wash- cl.050.0OO Nat Capital Bank 200,000 Nat Metropol Bank. 800,000 Rlggs National Bank -V. Common..... Preferred PuebloFirst National Bank. Mlnnequa Bank 1,076,093 20.807,727 2,081,7^ 100 5,292,985 (100 Pueblo Sav & Tr Co 100,000 i 200.000 Common........ Preferred 52,496 Common 1100 4.548,574 3,072,523 22,386,408 7,358,052 9,458,960 4.797,013 9,928,059 2,488,530 27,597,353 Per Common 500.000 [ 1,485.000 Preferred Black Bock Bk A Tr. 2,200.000 1,615,838 26,285,786 " North End Bk & Tr Common 21,145,775 111,002 1,238,701 100.000 a Brldgep't City Tr Co 301,020 5 150 100 176 50 75 38 45 50,534 1,482,657 208,696 1.480,485 25 40 Preferred...... 99,500 115 225 260 280 290 101 60 53 50 100 240 145 250 17,233,956 1100 228 250 ioo 80 5,312,376 10,505,463 23,274,180 100 78 95 95 100 230 250 State Institutions Dec. 31 First National Bank Glastonbury Bk & Tr 4,246,745 198,762 1,994,552 137,274 4,334,129 150,393 196,687 111,243 2,926,372 7,159,643 16,038,536 1,654,146 64,553,138 287,261 35,601,681 1,767,103 42,197,574 3,092,602 3,111,700 1,882,887 46,389 845,657 124,000, 250.000 _ Slmsbury Bk & Tr Co 25 30 100 50 10 100 100 23 450 110 125,000 Common...... 50,000 50,000 600,000 200,000 100,000 Preferred Travelers Bk & Tr Co West Hartford Tr Co Windsor Trust Co i§6" ""26' i 138,526 1,618,029 200,000 1,453,089 27,989,076 400 000 81,405 557,610 71,635 287,044 100.000 54,688 111,144 6,406,651 1,856,679 hi iii. 1 m hi 463,926 12,008,223 120.000 Beach 200 d< n < 100 000 10 25 First Bank (M» OrlandoFirst Nat Bank— Common 774,975 243,500 127,282 10.241,117 3,201,734 1,480.266 270' Puritan Bk A Tr Co. 361,787 77,712 109,768 47.488 249.200 219,338 756,000 ' 504,000 preferred Oonv preferred.. New Haven Bk NBA Second Nat Bank... Trademen's Nat Bk ... 25 "65" 69" 25 60 25 800.000 760.000 170.000 180,000 1.468,700 ..... Preferred New London— Nat Bk of Commerce 5,075,945 3,271,200 100 OM11 26,091 40,805 1.007,779 1,856,576 100 Florida Nat Bank... g 2'mi nun 255,813 7.049,737 100.000 32,233 455,195 882,103 166,726 760,457 13,222.365 15,067,464 1,584,097 200.ooo St. 100 1/100 100 150 50.000 2 H I 165" 5,781 25 100 25 10 27.418,887 852.501 888,846 , 64,972 9,521,469 12,907,134 16 15"" 100 100 37 1,250.000 First National Bank. al.300, iom First Sav A Tr Co >1 M l Ol 0 West Palm Bsach Fla Bank A Trust Co. West Palm Beach At¬ 120 125 57 62 82 50 50 3,082,095 (100 14,716,668 545 78 100 100 135 105 110 486,985 4,125,319 100 347,952 300,000 270,000 91,260 198,313 48,672 2,529,466 1,574,688 885,935 50 100 100 550.00c 200.000 316.708 148.433 2,828,165 1,655,393 25 19 100 110 N a NorwichThames Bk A Tr Uncas-Merch Nat Bk o re cent sa les National Banks 1,085,453 11,392,253 5,285,933 9,612,620 600,000 672,844 11,678,395 1,305,472 701,753 56,436 1,307,627 219,859 6,603,246 100 150 Nomi nal. 155" 1(^0 120 5,086,480 ( 25 20 Per 647,000 3,048,922 4,510,008 78,616,280 lU 86,003,991 10 475'ino a | 930,547 111 »n ilOO 3,339,797 '00 2,551,825( 21,651,656 100 Sale price, Includes preferred stock or debentures outstanding. 165" c June 30, 1937. d Member of the Atlantic Group in Florida. e Common........ Preferred.. Colonial Trust Co Waterbury Trust Co .. 250,000 264,000 230,700 1.000,000 2,740,464 300.000 178.668 1 32 7,569,831 3,752,161 32 100 100 Affiliate of the First National Bank of Atlanta, Ga. q Member of the Florida National Group. h Affiliated with the Barnett National Bank of Jacksonville, Fla k New stock. 300 100 I Last sale. r Combined statement. t Trust funds x V I 28 t Branch of Savannah, - Nat Bk Waterbury Nat Bk— '15" 29,523,032 (100 210,979 'Mwi share 100 997 500 Preferred Ga Sav Bk A Tr Co.. Trust Co of Georgia. 105.000 b Retirement price, 165 100 100 Institutions Dec. 31 Atlanta— American Sav Bank. 200 000 Cftis A So Nat Bank. r5 000 000 First Nat Bank 6.400 000 Fulton Nat Bank— Common 1.000.000 * 120 State GEORGIA Dec. 31 a 1,000,000 200,000 700,000 2K), hio 40 45 100 100.000 d 110 1100 1,053,512 100 Petersburg— 175 1,399,285 21 60 993,357 100 25 20 2,573,999 100 6100 City Stamford Trust Co 448,598 146,874 Pensacola— American Nat Bank. Clt A People's Nat Bk St. Augustine— Exchange Bk St Aug St Augustine Nat Bk 25 ( 25 800,000 National Bank... Union Bk A Tr Co. Fidelity TltleATr Co 400.000 20 25 25 5,580,770 1,660,443 920.000 Un A N Haven Tr Co Stamford— First-Stamford Nat'l Bank A Trust Co. 100 lantic Nat Bank a Common Wlnthrop Trust Co. 20 5,242,540 290~ New Haven— Prior 5,058.015 196,996 68.000 g Exchange Nat Bank. Meriden Nat Bank.. Amer Bank & Tr Oo. First Nat Bk A Tr Co 187,662 loo.OOo Preferred Florida Bank tlOO 600.000 160,000 100,000 150.000 Meriden Tr A S D Co Waterbury 100.(too g Amer Bk A Tr Co... First National Bank. First Trust Co. Florida Nat Bk A Tr Little River Bk A Tr 28 Meriden— Home National Bank Oitls A Mfrs 41,463,208 20,592,779 29,738,090 28 So End Bk & Tr Co— New London 1,039,275 1,274,299 877,582 Tampa— Broadway Nat Bank Hartford Nat Bk & T Industrial Bank.... Pnoenix St Bk 6c Tr. East Hartford Tr Co Hartford-Conn Tr Co Park Street Tr Co Riverside Trust Co. Common share Lakeland— Florida Nat Bank National 205.137 986,868 921,194 "63" 120 100 Nominal Miami 300,000 150.000 1,150.000 100,000 4,000.000 100,000 1.600.000 100,000 4.000.000 100,000 141 I (Ml FLORIDA Atlantic Nat Bank.. d3.000,000 Barnett N B of Jack. 1.500.000 Florida Nat Bank g] 500.000 Hartford- Capitol Nat Bk 6c Tr Conn River Bkg Co. 240 Miami— West Side BankCommon 175 100 25 100 100 165,000 1st preferred..... 2nd preferred ""60" Kl* 70 25 25,000 125,000 25,000 ..... 11 29 75 130 100 100 Jacksonville— share, 9 26H 100 Nomi nal. Bridgeport— First Nat Bk & Tr Co 230 iioo 2.000,00u Union Trust Co 2,000.000 Wash Loan A Tr Co. '1.000.000 National Banks Dec. 31 20 16 200 100 7,968,205 7,197,612 50,377,122 1.000.000 11,887,390 500,000 1,223,710 1,073,429 2,394,987 j.. Income debentures Munsey Trust Co- 10 I <l| 100 95,059,922 / IOO 3.000,000 14,712,073 1.317,500 c572,5 >0 383,721 287.850 a588,000 3,400,000 4,682,465 ... Second Nat Bank Secur Sav A Com Bk Amer Secur A Tr Co. Nat Sav A Tr Co— 100 138,274 500.000 30,000 72,551 299.047 535,360 255,086 c 844,525 330,000 800,000 209,110 638,028 196,634 1.733,090 Ex-dividend. 8tock all owned by Travelers Insurance Co. 16*" 30 103 AND BANKS National Banks Dec. 31 COMPANIES National Banks State Institutions GEORGIA Gross Bid Par Deposits Ask Surplus & Profits Capital Dec. 31 Gross Per share. $ 760,000 r6.000,000 400.000 Nat Exchange Bank $ 478,246 3,048,922 146,198 8,629,097 78,616,280 3.024.412 100 174 179 no 15 16 860.000 200.000 300.000 76.000 200.000 Augusta— Cltix & So Nat Bank 790.796 108.714 144,000 45,951 326,694 6,887,730 1.617,373 1,967.920 1.169.055 2,480,843 100 Oolumbus— Columbus Bk A Tr.. First Nat Bk of Ool Fourth Nat Bank Home Sayings Bank. Merch A Mech Bank 100 90 Union Nat'l Bank... 7,984,676 1,707,866 Peoria— N 50 20 o Cent Nat Bk A Tr Oo 100 N o 100 re cent 105 100 sa les . 600.000 Com Mer Nat BkATr 2,000.000 774,789 922,310 660.000 1,450,130 10,024,587 22,908,480 15,070,260 200,000 90,000 150.000 122,084 2,392,120 90,400 1,378,500 100 677,197 100 40 3,556,847 1100 35 50 125" i§6" 40 50 First National Bank rec ent 20 sa les Jefferson Tr ASav Bk Common Capital notes South Side Tr A Sav B Macon— Cltis A So Nat Bank. r5.000,000 City Bank A Tr Oo._ 110.000 First Nat Bk ATrOo • 600.000 100 100 100 1,479,709 89,441 647,964 162,655 100,000 300,000 100,000 Nomi nal. Per share, $ $ Elgin— Elgin Nat'l Bank... First Nat'l Bank Ask Bid Par Deposits Nomi nal. Georgia RR Bk & Tr I | Institutions State ILLINOIS Dec. 31 Dec. 31 Surplus & Profits Capital TRUST {::: , 3.048.922 74,600 218.509 i _ 3,048,922 156,842 232.174 675.000 Citizens Bk A Tr Co Common Debentures.. no 100 15 16 100 10 Quincy— 100,000 20,353 200,000 199,000 57,457 Mercantile Tr A 8 Bk 200.000 Peoples Bk of Quincy S'thSideBk of Quincy 100.000 297,000 5,668,040 744,024 654,875 1,574.318 100 100 100 State St Bk A Tr Co 159,001 44,416 17,681 92,809 200,000 250,000 500.000 356,536 151,262 270,417 9,657,962 5,326,704 8,395,135 100 500,000 493,336 11,018,137 150,000 50.000 500.000 272,158 366,741 100 B'dway Bk of Quincy 111 State Bk of Quincy Common 8avannah— OltlzA So Nat Bank. r6.000.000 Liberty Nat Bk & Tr 600.000 Savannah Bk A Tr 78.616,280 1,343,000 6,426,602 200.000 90,318 I 78.616,280 4,132,163 3.880,078 1,402,223 10 5 100 16 15 50" "50" 100 Debentures 50.000 50 40 100 142.000 Bockford— Illinois Natl Bk A Tr Oo Swedish-Am Nat Bk. i Third Nat'l Bank... 175 250 1C0 150 165 5,395,500 ( 50 110 120 '125* 145' 5 40 Springfield— National Banks Dec. 31 IDAHO State Institutions First National Bank. Illinois Nat Bank— Dec. 31 Common Preferred Nomi nal. Boise City— Per share. Springfield MarineBk 50 11,406,957 Ida 1st NatBk ofBoise 600,000 I 502,283 Preferred 594,000 First Security Bank. il .138.000 cl,509,311 Boise Trust Oo 125.000 48.077 common 22,604,428 100 N o re cent 26.762,918 82,433 100 100 sa les National Banks ILLINOIS Dec. 31 Institutions State INDIANA Dec. 31 National Banks Dec. 31 State Institutions Dec. 31 Nomi nal. Nomi nal. Per share. 100 N o 100 re cent 160,000 300.000 384,200 Merchants Nat Bank Old Second Nat Bank i 128,937 221,580 84,554 3,261,265 4,980,006 3,179,301 100 les Belleville Bk A Tr Co 160.000 100.000 300,000 Belleville Nat Bank. Belleville Savs Bank. First National Bank, 73,833 40,661 226,368 256,759 173,540 200.000 •t. Clair Nat Bank— 150.000 2,786,964 1,145,785 2,499,224 4,159,925 2,459,004 100 10(1 100 100 30 250 125 State 200 100 160 100 100 100 100 100 100 100 150 110 100 100 110 14,126,691 noo 125 1100 500.000 199,500 100 150 101 13,745,726 J,214,815 1,377.684 1,101,000 881,036 12,023,216 1.641,863 337,916 175 110 110 160 Old National Bank— 260 150 500,000 Common.. Preferred 1 500 000 Mutual 1,500,000 1,200.000 609,130 400,000 420.000 j, 397,278 Peoples Savings Bk.. , 8,132,065 Fort Wayne— ChicagoAetna Bank National City Bank. North Side Bank 100 100 147,000 100,000 Indiana Tr A Sav Bk. Lamasco Belleville— share, 225 100 783,081 180,179 32,484 35,000 38,007 617,865 28,082 500.000 100.000 169.900 Franklin Bk A Tr Oo AuroraAurora Nat Bank— Per Bvansville— Citizens' Nat Bank.. Citizens Tr A Sav Bk Bank.. 200.000 Albany Park Natl Bk of Chicago In proc 71,131 ess 3,072,528 Lincoln Nat Bk A Tr 100 Ft Wayne Nat Common of orga nization 100 160 40 30 100 10 80 13 180 35 90 16 10U 120 125 50,000.000 131621019 1006694791 f33i 25.000,000 [ 33l» 1,500,000 436,418 1,502,267 100 250.000 Cosmopollt'n Nat Bk i 2.176,637 100 44,669 66 Am Nat Bk A Tr Co. 11,600.000 Austin State Bank. 200 000 Beverly State Sav Bk Central Nat Bank.. City Nat Bk A Tr Co Oont 111 N B A Tr Oo 100,000 300,000 4.000.000 1,044,227 52,350.466 4,517,040 110,716 71,204 2,306,504 6,197,144 145,571 2,704,864 118,345,922 Common Preferred Dime Trust A Sav Bk Common Preferred DrexeJ 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 M 275,000 326.000 300.000 1.000.000 Preferred Liberty Nat'l Bank _ live Stock Nat Bank Madison-Crawford Natl Bank 32.442,037 339,139 1,549,959 11,851,901 24,191,368 200,000 200.000 Main State Bank... M erchandist N at* IBk 113,745 162,187 744,612 89,856 91,599 63,564 66,583 600.000 200,000 Merchants Nat Bk.. Metrop State Bank. Mid-City Nat Bank J. 305,928 200.000 400.000 . Milwaukee A v N't Bk Mutual Nat Bk of Oh Nat'l Builders Bank. Nat'l Boulevard Bk. National Security Bk North Shore Nat Bk. Oak Park Tr ASav Bk Personal Ln A Sav Bk Pioneer Tr A Sav Bk Sears-Corn State Bk. i 1 i Upper Ave Nat'l Bk. West 31st S« ate Bk. Western Sti.te Bank. . 600.000 500.000 200.000 < 200.000 500.000 2.000.000 i 750.000 Security Bk of Chic. Skala State Bank. South East Nat Bank State Bk of Clearing. Terminal Nat Bank. Univ St Bk of Chic.. i Uptown State Bank. 200,000 300.000 200.000 700,000 200.000 200.000 120,000 200.000 299,500 300,000 300.000 100.000 200.000 Ml,792 2,519 450,000 164,070 45,960 316,590 1,541,158 1,029,565 223,700 221,629 59,336 103,881 34,810 328,846 300,067 241,683 178,375 24,787 157,152 327,028 126,402 992,801 412,941 65,012 Amalg Tr A Sav Bk. i 400,000 Banco di Napoli Tr. 300,000 Chic City Bk A Tr 800.000 Drovers Tr A Sav Bk i 550.000 Bast Side TrASav Bk 200.000 Harris Tr A Sav Bk. 6,000,000 10,438,016 Lake snore Tr A S Bk i 796,000 275,157 Lakevlew Tr A 8 Bk. 600,000 1,266,260 Mercantile Tr A Sav. 600.000 451,963 Northern Trust Co.. 3.000.000 9,795,529 Pullman TrASav Bk 300.000 329,632 „ re cent 20 ■a les People's Tr A Sav Oo 1,088,583 20 300.000 1,096,485 11,695,873 20 500.000 751,461 20,707 12,192,883 2,084,117 100 1.000.000 II ,074,726 31.835,762 875,000 1.921,976 107,311 100.000 3,000.000 5,528,908 110,545,154 189,164 1,334,870 200.nor Live Stock Exch Bk. i 841,828 17,320 50,000 Madison Ave St Bk 468,197 9,233 65.000 Marion Co State Bk. I 1.250,000 2,190,668 28,997,374 Merchants' Nat Bk. 2.167,383 35,957 People's State Bank. i 300.000 549,083 3,158,175 Bankers Trust Oo 500,000 i 284.500 3,827,832 158,794 Fidelity Trust Co 10 Class A preferred. 10 Fountain Sq State Bk Indiana Nat Bank.. 100 200.000 I 50,000 Debentures Gary< Gary State Bank Gary Tr A Sav Bk.. i 275,000 105 100 95 100 Indianapolis- 28 32 155 165 201 206 170 120 32 180 125 42 {10 15 100 20 190 20 100 14 alO 340 300 128 142 iUU 100 100 100 100 m "235" mm mm 51 m mmm 245 --mmm ----- 100 Fletcher Trust Co- U0 3,695,824 6,055,699 18,778,322 5,109,261 3,241,219 11,347,982 5,015,557 8,933,842 5,665,600 16,118,398 7,520.680 3,555,541 7,947,062 6,607,527 16,818,042 8.297.859 31,849 2,868.037 6,417,327 2,493,570 6,560,689 5,836,835 6,505.426 7.405.659 675,985 3,047,239 7.663.660 5,617,522 21,800,551 10,857,375 985,575 210,118,022 12,090,864 26,409,159 17,246,199 313,543,614 8,696,776 o 20 American Nat Bank Lawndale Nat Bank Common N 15.450,512 1,489 District Nat Bank- 100,000 61,666 2.932.858 I 20 100,000 I 30 40 i 447,500 6,813,294 138,077 1.00(1,000 936,790 26,141,897 100 30.000.000 33,899.062 870,994,243 100 100 200.00U 763,152 5,710,051 200,000 195,873 6,358,812 100 200.000 44,672 2,010,415 100 10 200,000 60,008 2,500,391 250,000 69,728 2,460,378 20 Common Preferred Cont Nat Bk A T Co Common 19,299,240 Bank 58 893,623 1,500,000 I 900.000 1,240,262 1,000.00)) i 205,817 399,200 2,322,867 1.000.000 Common 205 62 Debentures Indiana Trust Co 100 145 150 100 100 80 184 140.673 2,877,499 1,509,854 10,137,279 4.289,353 2,806,542 U-100 15.535,007 3,631,744 20,166,050 100 168 157 — "175" 70 330 mmrnrn 200 mm 189 100 100 100 36,420,677 90 Security Trust Co Union Trust Co 105" 80 90 Citizens Tr A Sav Bk 25 First Bank A Tr Oo. 100 50 120 100 170 30 130 60 180 50 100 25 City Nat Bank.. Merchants Nat Bank 799.000 250.000 St 900.000 Joseph L A Tr Oo 152,891 254,070 188,114 16,709 10 100 100 100 100 N 80 140 165 26 90 148 Common Preferred... Terre Haute 31" ... 115,285 5,266,003 500.000 380,000 848,399 16,201,651 20 20 les First Preferred /<• 10 134 100 100 100 cent 100 100 Nat Bank— Common........ 124 250.000 250.000 0 re sa Merchants Nat Bk.. 100 100 100 250,000 250,000 Terre Haute— 100 15 50 mmm 360 South Bend- "95" 100 20 100 100 "24" ■„ 26" 75 190 85 * 'i Sale price, 205 t Branch of Savannah. 100 Preferred stock retirement price. a 100 100 b On Jan. 27, 1938, the Belleville Bank A Trust Co., was closed for examination and adjustment by the State lot) 100 50 90 100 145 c 100 155 of Belleville, 111.* Auditor, June 30, 1937. d New stock. s 2§5' 60 65 100 100 100 220 140 230 150 430 445 100 160 175 Affiliate of the First National Bank of Atlanta, Ga. g Stockholders of the Mutual National Bank of Chicago, 111., were to vote capital stock from $300,000 §56" 50 'loo Jan. 12, 1938 on a plan to increase the bank's to $400,000 of $100 par value a share, t . outstanding Common and preferred stock or capital debentures n Reserves. r Combined statement. V Ex-stock dividend. . / March, 1938] National Banks Dec. 31 Capital Burlington— Dec. 31 Par Deposits Ask Bid 53,144 40,048 200.000 1,601,345 300,000 250.000 100 27,511,519 4,289,151 N 128,367 25,019 Oeun Bluff* Say Bk. 150.000 150,000 109,750 174,322 First National Bank. Common........ Preferred State Saying* Bank. 60.000 40,000 100.000 66.482 94.894 1,641,601 100 600.000 1,006.052 26,672,127 cent 1,537.003 /100 100 Oonnoil Bluff*— City National Bank. k .... 963,903 10c Common........ (100 clOO Preferred 20,147,576 1,906,200 550,000 450,000 591.785 18,170,789 /100 150.000 27.965 1,550.000 1.450.000 971,326 35.599,989 28.966 15,130 1.564.431 100 100 100 215,806 290,784 4.172.432 800.000 250,000 483,838 104,403 9,058,346 4,176,669 De* MoinesBkATrCo d lewa-De* hi olne* Nat Bank A Trust Co: Preferred Home Saying* Bank. d Untyerslty State Bk. Valley Say Bank.... _ c25 100 (100 85 45.325.486 f 20 t 20 20H 21 51,948,463 | 20 V 20 20 H 21 28 26 25 67 100 100 100 115 110 95 125 J 622,708 1,500.000 1 1.200,000 780,276 iioo 128,696 2,336,879 6,237.580 117.589,045 208,000 2,800,000 mm— mm 20 69 H First National Bank. Commercial Nat Bk. Cont'l-Am B A Tr Co 868,116 727,919 247,201 1.000.000 1,000.000 700,000 29.129.514 20,216,616 9,617,579 IOO"" National Banks Dec. 31 8tate Institutions I Dec. 31 f MAINE / , Nomi nal. . Augusta- Per First Nat Granite Bk d 8,248,983 1.000.000 200.000 288,505 1,032,367 10,098.502 7,721,148 100 100 600,000 750.000 J 477,681 Canal National Bank Oasco Bk A Tr Co First National Bank. Nat Bk of Commerce 600.000 200.000 400.000 400,000 455,361 184,225 259,427 311,131 Portland Nat BankCommon........ Preferred A... •a 8,924,593 Common........ Preferred........ 100 o 100 25 Eastern Tr A Bkg Co Merrill Trust Co- N 343,869 436,375 Merchants' Nat Bk. 100 900,000 611,425 482,460 Depositors' Trust Co ehare ""32"" "35"" re cent 400.000 les 100 10 5.965 175 4,897,957 1100 6.029,169 100 5,605,788 100 2.093,846 100 241,644 219,308 363.236 201,487 50.196 300.000 800.000 250.000 100.000 National Banks Dec. 31 State Institutions Dec. 31 KANSAS First National Bank. 150.000 150,000 250,000 Kansas City— Oemml N Bk of K C Common ........ 300.000 Exchange Nat Bank. 55,361 135,399 246,815 Bangor— N 0 re cent sa 12,394,964 / 20 1100 les Portland—* Nomi nal. Per share. Hutohlnson— American Nat Bank. 495,000 92,550 Preferred B J 8,095.869 100 25 40 3,817,418 5,129,844 6,689,481 441,471 39 34K 20 { 27 36 37 64 c40 59 f 50 11,702,531 105 100 24 40 1 50 100 1,496,864 2,460.402 4,948,425 100 100 National Banks Dec. 31 12,038,444 f 10 I 10 3,076,680 100 Bait Oomm'l Bank.. Baltimore Nat Bank State Institutions Dec. 31 MARYLAND Nomi nal 446.000 Preferred...., J 192,387 200.000 145,639 Baltimore- Per 500,000 Common Common........ Preferred........ Preferred Calvert Bank....... I Canton Nat Bank.. I 100 100 100 203.957 5.170,999 flOO 409,827 4,145,249 re cent Carroll ton Bk of Bait Oommonw'lth Bank. First National Bank. Nat Cent Bk of Bait. Nat Marine Bank... Western Nat Bank.. Colonial Trust Co... •a les Equitable Trust Co. Leayenworth— First National Bank. Leayenworth Nat Bk Manufac'r* State Bk 150.000 158,916 251,902 24,773 150.00C 50.000 2,158,084 2,638,837 859.896 N o Topeka— Central Nat Bank... Central Trust Co Citizens State Bank. d Fidelity Say State Bk Guaranty State Bank Common........ Preferred........ Kaw Valley State Bk Merchant* Nat Bk. Nat Bank of Topeka State Sayings Bank. Topeka State Bank.. d 500,000 376,961 11,937,535 llOl 400.000 77.500 200.000 285,506 6,710 75,781 930,605 I 572.328 100 2,189.284 100 43,567 1,153,092 /100 60,000 t 140,000 50,000 Fidelity Trust Co... Maryland Trust Co Common 626,063 100 29,146 34,000 100 100 100 1,550,000 Peoples Bank— Common Capital notes..... ...... Wiohlta— First National Bank. Fourth Nat Bank... Kan*** State Bank.. Southwest Nat Bank Union National Bank Common...... 1.000,000 1.000.000 100,000 200.000 1,302,232 852,449 21,620 207,705 107,000 1 93.000 Preferred d National Banks Dec. 31 100.000 24,632,140 22,825,969 1,081.577 2,329,654 Second Nat Bank... lot 100 40,920 KENTUCKY 6,614,634 496,018 550,000 536,504 132,300 1,291.573 880.260 100.000 99.500 500.001 31,668,801 f 10 22 50 OH 25 '"80" 45 100 10 10 1 4 258,839 4,203,352 1,522,819 165.398 5,660,724 140 42 45 30 30 40 15H 75 13 >4 100 17H 70 10 50 100 100 10 53 120 100 30 20 25 100 25 3 6 52 >1 24,608,837 1,499,188 20.162.356 34,510,317 3,879,623 share 20 9,536,700 3,756,791 1,598,463 1,277,747 145,699,992 6.217,882 4,918,963 13,135,273 2.073,009 33,960,917 18,891,553 34,476,032 J 1,170,000 398.000 4H 15 J4| 225"" 230*" 62 525 a 9 110 540'" 9H 120 36 38 130 155 17 18 70 75 61,045 1,466,227 f 25 219,561 6,103,128 50 150.000 298.500 155,060 3,356,808 100,000 200.000 126.00T 932,729 214,007 479,678 5,294,472 1,561,129 4,735,718 100 20 75.000 60,000 150,000 100.000 97,717 1,649,563 15 370,553 35,534 4,101,029 673,088 100 10 90,000 415.000 200.060 150,000 79,984 177,074 217,571 70.063 1,504,381 6,141,194 4,084,146 1,773,459 10 100 15 110 lie 10 27 28 } Liberty Trust Co- 100 Common 100 Capital notes..... 3,823,551 /««! \Wt 50 961,969 128,232 246,404 185,500 2.000.000 1.000,000 1.000.000 1,650.000 1,500.000 600.000 2,000.000 3.000,000 10 5,544,646 t 378,400 111,326 4.000.000 400.000 600.000 750.000 400.000 Real Estate Tr Co.. Safe Dep A Trust Co Union Trust Co CumberlandFirst Nat Bank..... d 1UU 7,968,°9° 9,403,396 1,595,°80 „ ...... Capital notes..... Mercantile Tr Co... \150 53,152 161,315 568,420 200,000 500,000 100,000 100.000 900,000 375,000 300,000 80.000 300,000 ...... 1100 381*215 600,000 11,043.055 100 106,000 1 94,000 100,000 Blyerylew State Bk. _ 32,445,235 /100 110 clOO Dubuque— First National Bank. Amor Tr A Say Bank Sioux City— First National Bank live Stock Nat Bank Toy Nat Bank...... Security Nat Bank.. Woodbury Co Say Bk _ 105 1100 150.000 50.000 150.000 Common........ ^Preferred-.-..... _ ..... 1,495,285 Cap City State Bank Cent Nat Bk & Tr Co Common......../. 8,694,152 /100 i 80 8hrereport— 25 580,130 113.166 Preferred Nat Bk of Commerce Common......... Preferred Louisiana SB A T Co Whitney Nat Bank.. (25 400,000 600,000 150.000 ........ J 347.882 15 13H e 1.500,000 1.200,000 ... De* Moines— Bankers Tr, Co— Common % 9,468,407 | 304,165 Ask 1,000,000 11,188.890 1,150,000 New Orleans— Amer Bk A Trust Co Common Preferred Hibernia Natl Bk Dayenport— Davenport Bk A Tr. Bid Nomi nal. Per share. *a les 101 2,353,919 3,853.226 Par Deposits $ 300,000 260.000 Common....... Preferred....... o re 20 100 50,000 _ $ 300.000 250,000 Preferred Louisiana Nat Bank Cedar Rapids— Merchant* Nat Bank People'* 8av Bank.. United State Bank.. ^ Baton Bouge— City National Bank Common....... 100 100 2,131,766 3,061,869 Cross Surplus & Profits Capital Nomi nal. Per share. State Institutions Dec. 31 LOUISIANA Cross Surplus & Profits 71.000 Farmer* A Merch 8 B Nat Bk of Burlington National Banks Dec. 31 State Institution* IOWA 103 trust companies banks and c02H FrederickCitizens' Nat Bank. Oomm'l Bank of Md Farm A Mech N Bk. Frederick Co Nat Bk Common......... Preferred... Fr'k Town Say Tnst. State Institutions Dec. 31 West Maryland Tr .. ill 25 c25 15 I Nomi nal Oovlfatfton- share 200.000 Oommon. 391,848 4,783,548 276,515 d d 200.000 I 75,000 550.000 150.000 4,824,585 1 \ 6,779,237 1.588,545 d 340.000 . 0 0 297,799 75,457 100 155 10 15 10. 50 10 17 M Hag* ra town— Farmers A Merc Bks Nicodemus Nat Bk.. Second Nat Bank... Hagerstown Trust Co "45" 9H SO" 5H 10 7H Lexlngto [tonBank of >mmerce. Co 1 - 232,938 3.218,579 100 105 National Banks Dec. 31 Citizens Bk A Tr Co. 200,000 350,000 1.000.000 150.000 150.000 500.000 . - 0 Second Nat Bank. . d Louisyille— Citizens* Union 1.000.000 Fidelity A Oolum Tr. 2,000.000 First National Bank. 1.000.000 b- dl.839,500 100,000 300,000 a Ql .000.000 750.000 100.000 Stock Yards Bank... dl,990,000 526.000 . . . . . . ) 1.382,439 / 25 1 10. 60 100 13.473,390 100 300 3,148,288 2,612,965 100 160 3,620,237 100 350 1,069,283 361,888 205,355 472,769 3,041,982 1,683,306 2.53S ,086 287,079 39,726 162,874 1,035,470 627,137 119,914 832,314 112,663 366"" 54,578,952 1001 J /280 81,420 287 7,593,360 35,149,974 24,116,339 1,396,693 2,749,551 3,928,995 12,489,308 1.553,975 13,881,501 1,313,946 4H Ioi"" IOO) 100 2& 90 98 2 Say d 145.000 132,093 410,579 14,011 , ' 1,652,841 4,571,241 1,655,835 10 100 130 100 0rlOl 100 130 100 120 10 7 100, loo. 100. 10. Per 39 H 380 58 * 140"" 140"" a c Sale price, New stock, Retirement price. d Common and preferred stock or capital notes outstanding. IP 68 / Citizens' Union Fidelity unified certificates. Affiliated with the First National Bank of Louisyille. h Member of Northwest Bancorporation. I250" k Units. 1 Last Sale, ,s. . share. 39 H 385 62 22 X 135 3 Newport— OWril Nomi nal. BostonFirst National Bank. 27,812.500 51,514,821 615,939,169 12H Merchants' Nat Bk. 3.000.000 5,630,086 84,650,761 100 Nat Rock Bk of Boo 1.500.000 2,863,608 29,517,239 20 Nat Shawmut Bank. 10.000.000 20,802,679 164,754,074 12U 2,000.000 4,746,328 75,833,652 Second Nat Bank.. 25 Web A Atlas N Bk.. 1,000.000 50 430,794 12,277.692 g 100.000 100.000 MASSACHUSETTS 35 140 37 ' t r BANKS 104 Deposits Par Ask Bid State Institutions Dec. 31 michigan Dec. 31 Cross Surplus & Profits Capital National Banks w00* nrr Massachusetts COMPANIES TBUST AND Cross Surplus & Profits Capital Nom inal. Nomi nal. Boston— Banc Oom Ital Tr Go Boston S Dep A Tr_. Columbia Trust Go.. 750,000 2,000,000 100.000 c 1,250.000 Day Trust Go Fiduciary TrustCo.. * 500.000 New Eng Trust Oo__ 1,000,000 Old Colony Trust Go 15,000,000 400,000 Pilgrim Trust Go State Street Tr Oo._ 3.890,000 212,276 3,995.746 240.039 1,826,571 u 663,511 u2,994,592 5,266,798 383.500 5,187,161 u $ 1.705.757 36,765,626 Per 100 100 100 100 2,336,166 11,341,593 2,583,487 34,845,761 None 6,820.502 78,766.576 share. r285~" 110 100 100 Common Common Convertible pref— 450,000 Wlnthrop Trust Oo__ 100.000 Michigan Ind Bank "165" 265 280 10 L 2,593,025 74,507 50 180 1,500,000 11,660.000 C138737.568 i 20 1 20 3,650,000 50 3.000,000 3,619,787 114,372,520 55,529 144,138 100 100,000 .. 11 10 100 12 14 15 Nat Bank of DetroitCommon.... Preferred 12,428.137 Per $ > share 49 986,122 c64.813.693 A3,950.000 Preferred MfTs National Bank. r400 D S Trust Co— 700,000 11,368,886 $ Detroit— Osm'wealth-Com'l State Bank 200 Detroit Bank 100 5 Ask Bid Par Deposits d * 53 85" "70"" 39 40 24 27 1,423,260 11,888.478 (712,372,318 f 20 i 20 1,263,691 100 41,587 0 350,154 150.000 100 612,007 0 5,979,627 500.000 39 21 43 25 22,580,512 9,537,293 3,173,729 20 26 30 20 '23" 5,931,257 20 30 20 21 1,269,446 20 12 15 9,338,707 20 10 7,500.000 10,000,000 f 10 1 405,605,825 J12407,650 25 United Savings Bank Common........ 500,000 Preferred 935,000 }" 768,000 19,175,308 I 10 i 10 f 20 \ 20 Equitable Trust CoCommon Beverly— 3,835,800 1,459,551 316,772 82,129 300,000 100.000 Beverly Nat Bank— Beverly Trust Go 100 100 140 75 135 70 500,000 Class "A" pref Class "B" pref 101.260 403,261 1,883,186 0 i 127,860 20 Detroit Trust Co— Brookton— Common Brockton Nat Bank Preferred 580,107 ... Heme Nat Bank... 6,765.106 50 6,535,640 4,270.693 1,152.802 cl9.494.108 100 50 8,183,933 ( 20 409,840 300.000 300,000 600,000 Common.-......, Preferred.. \ 25 Highland Park Trust Un Guardian Tr Go. Flint— Cambridge— 611,278 150.000 300,000 1.000.000 Cambridge Trust Oe County Bk & Tr Co. Harvard Trust Oe c 475,271 10 20 500 450 10 66 12 68 Merch & Mech Bank 729,633 244,826 44,936 392,573 Ott Oom A Save Bk. kl .000,000 Genessee Co Save Bk 700.ooo 192,000 400,000 Nat Bank of Flint 20 25 Everett— 600,000 806,468 9,759,872 10 400,000 222,170 543,381 108,867 5,524,629 7,658,420 3,055,659 100 91 150 100 205 300,000 600.000 874,470 6,986,249 100 150,000 120.000 Middlesex Co Nat Bk 251,228 2,859,152 1.392,407 3,527.763 100 rec 10 sa Grand RapidsCentral Bank 427,500 c c 80 250.000 96,381 Nat Bk of Grand Rap Common Fall River— Fall River Nat Bank Durfee Trust Oe... Fall River Trust 500.000 422,769 c 12 f20 20 220,000 Preferred Peoples Nat Bank- Fltohburg— Common. Safety Fund Nat Bk. No Gloucester— Cape Ann Nat Bank. Olouc Nat Bk of Glou Glouces S D A Tr Oe k 162,327 174,091 300.000 Common ent les 20 }' no 27 150 24 10 10 100 20 10 2,583.601 50 19 15 22 1,806.302 20 12 14 .560,183 c42,313,219 136,449 343,214 691,887 g 1,033,382 c g 126,485 c 6,125,257 20 21 23 1,886,113 c28.484.579 400.0oo 250,000 1.200,000 Michigan Trust Co.. 16 14 10 10 1,000,000 1,750,000 ...__ Preferred Grand Rapids Tr Go. k Union Bank of Mich. 7,833.881 429,304 400,000 275,000 . Preferred Old Kent Bank— 100 185 200 HaverhillHaverhill Nat Bank. Merrimack Nat Bank 6,166,776 2,372,650 992,613 188,577 200,000 300.000 100 10 10 Common. Tr Co 275,000 1 380,000 .... Preferred Park National Bank Common Preferred Hadley Falls Tr Oe. 383,000 1,250.00<> 60 50 50 2,812,742 (100 1100 9,668,211 20 160,944 300.804 c 6,643,323 60 National Banks 25 600.000 310,409 300.000 405.765 3,751,525 100 562,127 11,269,711 25 18 25 MINNESOTA Dec. 31 Nomi 23 Per Duluth— 200,000 2,000,000 835.373 7,179,950 2,079,817 31,773,062 100 100 50 100 n o re cent 400,000 Northern Nat Bank. 1.000,000 Pioneer Nat Bank 100,000 Western Nat Bank- Jfc 100,000 212,999 376,333 40,509 22,226 6,772,228 12,140,136 1,085,617 1,007,776 100 sa les 600.000 Olty National Bank. Lynn— Duluth Natl Bk Common Preferred Manufac'rs Nat Bk. — National City Bank Common 251,460 Preferred 467,706 609,067 756,834 Minnesota Nat Bank of Duluth 101 fSO c f 50 i 50 3,327,938 3,526,120 9.453,808 c 100 385 20 46 200,000 19 50 7,607,348 20 9,420,276 5.605,677 12 k 243,164 677,529 425,393 75,830 39 100 3C 10 9 100,000 138,000 100,000 First NatBk&TrCo 56,000,000 100.000 Hennepin State Bank b Marquette Nat Bank Jfc 384,000 Midland NatBk A Tr Jfc 990,000 Minnehaha Nat Bk. b Peabody— .. 1,774,317 647,000 2,939,596 119,248 250.000 200,000 15 |, 573,203 Naumkeag Tr Co— Common Preferred.. 6,492,669 10 17 15 10 Common... Third Nat B StT Co.. 2.000.000 379,061 14,758,145 10 9 11 1.500,000 1,000,000 1,000.000 194,250 2,502,152 1,304,034 1.777.923 101,563 27,552,398 13,033,571 100 25 310 325 67 Union Trust Co West Springfield Tr. 13,097,991 1,975,807 25 59 25 — Machinists Nat Bk. Bristol Coun ty Tr J.. 200,000 300.000 266,932 298,873 1,969,141 4,241,846 100 500.000 1 820,851 15,680,755 100 25 25 Worcester— Mechanics Nat Bank Common 120 500 000 Preferred Guaranty Bit & T Co Third n'west'n n Bk i 4th Northwest Nat'l. k 100.000 k 91,400 122,662 121,650 37,028 1,719,385 <100 2,817,149 <100 1,182,059 200.000 125.000 164,527 61.625 4,984,277 plOO 1,713,819 100 7h 0M 125.000 Rochester— 72 ... Springfield 8 D & Tr. Common.. 5,000,000 13,259,549 109,056,839 /100 < tioo Preferred 2.000.000 Produce State Bank. b 100.000 35,401 1,345,015 6 2d n'west'n "State- i 50.000 1,039,085 < 13,463 University State Bk. Springfield— Springfield Nat Bank 100,000 117,162 2,125,093 tioo 28,156 1,753,466 <-27,587 1,650,616 <100 7,623,513 131,549.040 b 20 28,369 864,878 100 100 5,371,643 165,904 494,164 16,247,207 <100 35,398 1,821,936 6100 n'western Nat b & t Salem— Merchants Nat Bank * 100 66». Minneapolis— Blooming' n-Lake nb 6 Fifth No'west'n n b_ i 721,500 600,000 425,000 too 157 H 100 Central Nat Bank New BedfordFirst National Bank, k Merchants Nat Bk.. Safe Deposit Nat Bk Worcester Co Common Class A Jfc First A Amer Nat Bk 2,810,385 67,565 200,000 250.000 250,000 100,000 400,000 Essex Trust Oe Lynn 8 Dep <Sc Tr Co Security Trust Oe 3,416,303 f 50 I 50 3,101.425 100, 138,452 200,000 190,000 200,000 nal share. 32,576 336,888 43,527 980,409 100,000 Bank of Gomm A Sav Central Nat Bank— Warren Nat Bank State Institutions Dec. 31 112 1.000.000 Lowell— Appleton Nat. Bank. Union Old Lowell National Bank..., 7,841,752 129,583 100,000 1 150,000 r A1,400.000 Lawrence— Bay BtateMerNat Bk Taunton Saginaw— Saginaw State Bank. Jfc Second Nat Bank A Holyoke— Holyoke Nat Bank— 100 3«M! O00 4,847,209 10 19 21 1.000 000 11,751,442 c34.255.738 2.000 000 f 10 17 St. PaulAmerican Nat Bank. Commerclal State Bk Drov ErchState Bank First National Bank. First State Bank £ al,694,000 a 150.000 ok 200.000 p6.000.000 p 100.000 EmpireNatBkAfcTrOo ik 475,000 Stock Yards Nat Bk. k 300.000 Midway Nat Bank— Common.. 100,000 1 Preferred 175,000 First Trust Go Pi .000.000 226,325 24,764,672 100 100 242,931 4,758,181 45,649 1,879,149 100 7,468,850 119,050,484 plOO 113,328 2,202,255 100 218,420 7,713,046 100 4,948,782 <100 167,736 155,191 cent les 9h 5,089.904 1100 207,706 * re sa No PlOO tioo 21 10 First National BankUnion Nat Bank 10j4 328,323 .....* Tr Co * Sale price, t No par. 6 First National Group, c In process of liquidation. d Convertible preferred stock entitled In liquidation to $20 a share. f Retirement price. 0 Tru^t balances. . 1 Member of Northwest Bancorporation. k Common and preferred or capital debentures National Banks Dec. 31 MICHIGAN I Last sale. State Institutions Dec. 31 0 American National Bank of St. Paul affiliate, p Nomi nal. Bay CityBay City Bank 300,000 Natl Bk of Bay City. 400.000 People's Commercial A Ravings Bank—. A1,000,000 Per 8,237 207,964 2,733,910 6,687,307 100 100 share. N 0 Member of the First Bank Stock Corp. r Stock has to be offered to board of directors. s New stock. June 30, 1937. re 556,802 10,314,308 100 ; t Affiliate of First National Bank of Boston cent « sa les a: Ex-dividend. 1 First Bank Stock Corp. outstanding. "9h March, 1938] National Banks MISSISSIPPI Dec. 31 Institutions State National Banks Dec. 31 Dec. 31 Bid Par Deposits Ask Capital National Bk300,000 ) 100 ,nnn f 428,762 7.387.800 13,618 215,626 341.265 545,357 10,582,920 8,370.085 Depos Gu Bk & TrOo k Jackson-State 300.000 N Bk. re cent 270,000 3.048,711 2,867,458 3,606,514 100 241.000 74,794 124.895 75,146 650,Ooo 300,000 201,070 263,357 5,376,202 5,476.104 Per 200,000 100.000 232,349 158,715 177,735 300.000 100.000 600.000 886,637 42,460 595,591 600.000 299,625 111,148 6,895,163 (100 1100 les 100 National Banks Dec. 31 MISSOURI State 4.133,130 (7100 100 2,570,801 100 2,807.703 N 100 " 12,721,016 1,214,155 13,359,049 re cent 100 sa les (7... Preferred National Banks Institutions State Institutions Dec. 31 NEBRASKA Dec. 31 Dec. 31 Nom inal Per 100,000 600,000 500,000 6,000,000 100,000 2.000,000 500,000 100.000 200.000 Columbia Nat Bank. Commerce Trust Co Community State Bk First National BankInter-State Nat Bank Llnwood State Bank. Merchants Bank Merc Home Bk 8c Tr 1.581,706 132,080 4,079,496 41,609 4,389,310 1,161,370 53,113 165,073 100 100 290 100 310 100 200 225 8,532,119 100 100 10C lor 100 100 100 Nomi nal. share. 1,934,583 20.823,770 6,235,098 156,955,891 1,218,181 112,682,477 22,192,419 1.413.704 3.304,392 110 300 Lincoln— Per 340 76 200,000 199,000 Capital notes Missouri Bk 8c Tr Co Common 80,000 l 120.000 Preferred Park National Bank. Plaza Bank of Comm Produce Bxch BankGate 66 110 70 455 48,086 - 120 . 90 e 1,423,239 flOO Omaha— First Nat Bank— Common Preferred A Live Stock Nat Banlt Omaha Nat Bank— Common 135 20,496 52,066 135,162 200,000 100.000 1,469,375 3,211,073 2,417,412 . Packers' Nat Bank: Common 100 100 120 100 * 550.000 100.000 50,000 50,000 400.000 Stock Yards Nat Bk. Union Nat Bank— [c Preferred West port Aye BankUnion Ay Bk of Com 12.926,414 I j 67,726 50.000 1 c 125 200 al00 150 250 20 20 a20 100 44,166,329 (100 1100 2,309,435 (100 48,640 150,227 48,295 8,442,337 62 H 1,190,531 100 756.458 (100 52** 62*4 100 25 952,384 50 65 255" 225" 10 12 75 Common e Preferred U S Nat Bank.. 250.0 00 ) 450,000 el.100,000 77,800 784,941 6,605,881 (100 U00 100 22,553,911 1100 6,709.032 621,310 26,320,231 178.923 118,785 16,234 l 1,818,784 1,591,177 630,329 100 110 i 100.000 100,000 100,000 University Bank 25,583,272 f 100 Stock Yards Nat Bk 265.953 1,000,000 1.158,000 _ 730,543 354,064 94,000 130 100 19,979,027 11,112,805 J1,208,078 106.000 120 25,904 . 425,015 610,988 1.500.000 750,000 120 8,896,831 (100 100 } 1,500,000 1 250,000 450,000 - 170 100 199.743 490 100 50.000 Southeast State Bk South Side Bank— Common Preferred National Banks Dec. 31 15 100 100 100 75 NEVADA 195 140 95' Nomi Reno— First Nat Bk of Nev. d Lit. 250,000 290.000 850,000 300,000 e . City Nat'l Bank Common j 320.301 share. 120 - Common Traders' 60,429 o 100 Helena— 50 Kansas CityBaltimore Bank City Nat Bk 8c Tr Co share. 9,706,636 (7100 100,000 383,500 150.000 Miners Nat Bk Metals Bk 8c Tr Co. 8 375.0 sa Vioksburg— FIrat Nat 8c Tr Co... k March NatBk&Tr Co Billings— Common.-.-.... o Ask Bid Nomi nal. Butte— First National Bank. 10(1 N Meridian— Citizens Nat Bank.. k First National Bank. k Mer 8c Farmers Bank k Par Deposits First Nat Bk&TrCo Union Bk 8c Tr Co— 40 787,500 Cross Surplus & Profits Sec Tr 8c Savs Bank. Too Oommerc'l Bk&TrCo State Institutions Dec. 31 Midland Nat Bank.. Montana Nat Bank. 30 50,000 . Preferred 105 MONTANA Capital Nomi nal Per share Jaokion Oommon COMPANIES Cross Surplus Profits Capital TRUST AND BANKS Per 600.000 840,168 II • •>* c* 100 27,866,445 Joseph— American Nat Bank. Burnes Nat Bank First National Bank. 236,093 260,138 416,335 130,572 77,151 261,430 97,331 66,587 200.000 200.000 500,000 100,000 250,000 200,000 200,000 136.000 First Trust Co First StJ osSt 'k YdsBk Tootle-Lacy Nat Bk. Empire Trust Co Missouri Vail Tr Co. 7,672,258 3,918,218 7.260,713 2,900,465 3,449,615 7,435,595 2,074.640 1,076,143 100 100 100 100 N o re *155 wKr NEW HAMPSHIRE cent sa les Nominal. 100 Manchester— 100 Amoskeag Nat Per Bans JOU.OOO Nat Bk. 150.000 Merchants Nat Bank 100 share. N'o 100 re cent 100 sa les 200.000 890,477 512,071 250,154 5,221,451 2,829,463 2,708,030 Bk k 200.000 409,833 Nashua Trust Co., k 4econdNatof Nashua Jfc 400.000 524.212 600.000 490,504 5,794,008 5,767,430 6,527,202 250,000 75.000 200.000 95,978 3,129,747 (100 48,914 1,382,005 Manchester St. Louis— Nashua- Amer Exch Nat Bank Common Preferred Baden Bank.._ Boatmen's Nat Bk.. 107,500 ic 47,062 2,044,786 92,500 : 330,000 8,361 2,501,108 2.000,000 2,039,642 51,891,153 Bremen Bk 8c Tr Co. k 400.000 297,186 5,514,750 Cass Bk & Tr Co k 450.000 198,582 5,607,917 First Nat Bank 10,200.000 8,015,163 223,501,202 Industrial Bk&TrCo 600,000 435,881 9,966,960 Jefferson Bk 8c T CoCommon 200.000 I 215,000 / Jeff-Gravols Bank. 3,324,053 640,2421 Capital notes 80,904 83,883 6,254,291 Lemay Ferry BankCommon Preferred 50,000 i 50,000 j _ 29,241 20 Indian 6 120 -15 too 50 20 27 100 100 95 17 120 {100, 28 Io5i "36" 987,312 (100 uoo Common Preferred New Hamp Nat Bk. 64 600,000 600,000 450,000 200,000 350,000 538,740 176,135 244,782 137,674 744,685 11,046.601 5,368,068 8.715,223 3,627,462 16,710,608 423,000 400,000 500,000 1.000,000 1,000.000 54,179 167,641 203,685 745,756 329,467 3,228,591 4,313,493 4,626,656 Manchester Bank Mutual Bk & Tr Co.' Plaza Bank (The)... Sec Nat Bk Savs&Tr Southern Telegraphers Nat Bk National Banks Dec. 31 al00 Tower Or Bk 8c TrCo United Bk & Tr Co.. Chippewa Trust Co. * Eastoit-Taylor Tr Co k Lindell Trust Co 340,000 250,000 300.000 Merc Com B 8c T Co¬ 10,000,000 in ercan 20 16 100 92 87 92 20 20 24 100 175 tile-Com Nat'l Bank. 350,000 Miss Val Trust Co.. 6,000,000 Mound City Tr Co * 246.059 North St Louis Tr Co 300,000 merce Northwest'n Tr Co.. k w ebsterGroves Tr k Union Nat Bank. * ..... 20 100 60 100 100 100 Nomi nal. Per "25" "33" 65 120.000 343.783 Preferred Guarantee Trust CoCommon 500,000 2.350,023 Preferred 5,367,746 152,882,429 100 112 15 225,000 1.184.518 Preferred Asbury Park— Asbury PkNatBk A Tr k Asbury Park & Ocean 114 100 25 28 60 4 Seacoast Trust Co 29 . Bay onne— k Broadway Nat Bk Bayonne Trust Co.. .. 20 100 100 100 175 290,000 597,000 100,000 13,096 324,360 94,954 2,452,173 11,171,254 1,988.884 J 95,959 J.f3577,212 5,420,603 100 share 60 1,679,018 (100 i 10 o30 4,538,947 / 10 i 10 6" 1,314,131 (100 i 10 23 116"" j 104,224 3" 580.500 190,500 5,688,839 10C 300,000 100,000 Grove Bank. 100 677,489 Equitable Trust Co— 75 5.537.632 86,578,503 2.279.633 4,161,136 6,828,787 2,736,160 les NEW JERSEY 400,000 Common 3,188,177 2,925,189 4,757,565 255,000 3.049.561 23,836 261,520 271,494 196,913 cent sa Atlantic City— Boardwalk Nat Bank Bankers Trust Co— Common 227,312 92,708 3,171,625 1,167,336 10 5 4 200,000 400,000 38,114 407.881 1,572,383 10,715,609 50 100 75 246,600 575,000 249,500 115,037 252,757 114,353 2,163,125 5,048,453 1,503,058 100 35 100 20 73 55 9** 65 10 5 . Bridgeton— Brldgeton Nat Bank. Jfc Cumberland Nat Bk. Jfc Farm 8c Mer Nat Bk. Jfc iprxngfield— Citizens'Bank. Southern Missouri Tr 750,000 100.000 71,272 53,083 249,589 14,664,910 7,781,324 20 130 32 No re 100 19 50 165 105 ilOO 98 50 100 100 50" Oommerc'l & Savs Bank * South Side Nat Bk— 300 1135 100 70 Manufacturers Bank & T Co 100 100 First National Bank. 30*4 ...... Nat Portsmouth— 125 62 Head 13 45 80 15 100 100 * Sale price. a Retirement price, 100 c / June 30,1937. d Owned by the Transamerica e '!■ Corp., San Francisco. Calif. Member of Northwest Bancorporatlon. / Includes reserves. 0 Member First Bank Stock Corp. h Reserves. '1 . 7 k Preferred stock and common stock 1 s Member of the or capital debentures outstanding. Last sale. t Guardian Preferred stock retired. Detroit Union Group Inc., Detroit Mich. 106 BAMS National Banks Dec. 31 NEW JERSEY Capital Surplus & Profits AND TRUST COMPANIES National Banks Dec. 31 State Institutions Dec. 31 NEW JERSEY Gross Deposits Par Bid Ask Capital Surplus & Profits State Institutions Dec. 31 Gross Par Deposits Oamden— Per FlrstOamNatBftTOo d2.192.891 Camden S D & Tr Oo d3,287.500 Merchantville Nat'l Bank ft Trust Oo. 224.375 West Jersey Trust Oo 645.500 last Orange— Ampere Bank ft TrOo 740,957 396,190 102,439 434,269 1,169,552 8.458,849 117,715 200.000 Bar Inv ft Trust Oo: Common Preferred A...... Preferred B...... 24,825,616 12K 24,411.006 12 X 2,696,533 33 X 10 10 7 4 share. 9 5X 2 4 3X 4X TrentonBroad St Nat Bank. dl ,000.000 First-Mech Nat Bk. d3.167.000 51^,582 1,500,00ft Trenton Trust Co... dl .874,000 1,370,892 43,519 72,935 1,198,065 690,861 14,838,418 39,102,549 1,011,287 1,159,890 27,554,058 22.012,661 526,025 464,377 406,907 200.000 200.000 * Prospect Natl Bank. Security Nat Bank.. Trenton Banking Oo 3,075,919 2,993,508 1,724,230 65 100 100 25 50 75 30 80 50 3 4 10 50 38 50 Fpfirm ft Mechanics' National Bank First Nat Bk ft TrOo Woodbury Trust Oo. X 555,021 19,129,040 274.165 4 7il 5 18 ,10 20 oodbury— klV< 45 95.600 495.000 Ask Bid Nomi nal Per share Nomi nal. "3X 100.000 200.000 100.000 10 Elisabeth— ■lisabethport BkgOo d 400.000 158,555 dl ,310,000 d 500.000 dl,020-168 dl,114,345 124,907 45,107 110,045 287,054 7,050,806 15,829.384 3,638,472 4,102,937 12.023,292 20 Nat'l State Bank— Central Home Tr Oo Elisabeth Trust Co.. Union County Tr Oo 25,166 346,162 1,517,297 2,180,618 20 10 ^ Hoboken— Colombia Trust Oo.. d Seaboard Trust Oo.. 100.000 500.000 25 50 10 1 10 22 18 15 "V National Banks Dec. 31 2X City— Bank. 2,225.000 1,170,155 Franklin Nat Bank.. d 400.000 35,064 Hudson Oo Nat Bk— Common... 1,250,000 I 533,808 Preferred 1,500,000 79,757 100.000 Bergen Trust Oo Commercial Tr N J.. 3.400,000 4,123,057 N J Title Guar ft Tr. d2.999.996 705,484 North Bergen Tr Oo. 27,823 100.000 Trust Oo of N J— Common 1.140,000 [2,175,237 Preferred A...... 2.500.000 West Bergen Tr Oo.. r 400.000 a 29,515 ... 52,039,877 100 3,474.665 37X 29,753,417 I 25 \ 30 980,233 100 72,783.011 25 8 6H r30 mm-mm 32 IX 53,422.955 ft 2.834,611 2X r 5 "4 53,907 2.636,911 50 316,237 334,201 14,906 796,849 7,487,011 7,003,385 1,719,205 9.964,135 25 50 15 27 40 441,697 3,180,103 1,672,861 50 150 160 50 100 200.000 100.000 155,478 150,000 ... Lincoln Nat Bank... Franklin Wash Tr Oo Mt Prospect Nat Bk. Nat Newark ft Essex 58,256 391,674 121,189 600.000 884.000 144.130 n ...... 1,465,766 8,814,920 100 25 6,833,123 1,255,047 100 50 ..... . " 343,568 107,903 6,483,441 5.934,564 100 100 400.000 600,000 <500.000 734,148 415,316 527.447 9,644,823 9,828,312 7,696,611 100 100 50 st Co. retur Binghamton— Bensonhurst Nat Bk Oltisens Bk of Bklyn 84 525 15 8 100 25 25 Peoples Nat Bk..... New BrunswTrOo— Oommon 871,250 300,000 314,479 361,609 103,218 300,000 471.273 .... 25 ""20"" 25 b 17 179,278 I 32,199 i 25,837 1,332,820 60,519 117,298 119,024 1,186,346 5,652.357 5,597,146 3,274,687 8,372,107 25,992,810 1,340,250 107,532 354,175 1,930.880 14,614 . PassaicPassaic N Bk&Tr Oo <22,250,000 People's Bk ft Tr Oo. 1,000.000 1,716,394 20 25 2 5 250 8 17 100 4 7 22 4,378,658 1,346,651 1,342,259 17,217,553 4,042.240 2 N 132,144 59,779 536,235 91,613 25 100 100 re cent sa les Nat Un Bk of America Paterson Nat BankCommon Preferred Second Nat Bank... 600,000 375.000 926,419 1,500,000 1.000,000 876,299 2,122,232 Faterson Sav Inst 12,613,780 /100 1,215,399 2,335,155 90 100.000 60.000 Oltizens Trust Oo— Oommon... 600,000 Preferred... 694.000 Hamilton Trust Oo— dl ,325.000 U 8 Trust Oo— Common..... 600,000 Preferred.... 750.000 , 50 308,768 4.278,280 f 50 1 50 100 125 264,366 9,252,551 / 25 \12t2 10 3,748,058 15 17 13,099,564 JlOO 1 50 "47* 54 88 83 100 100 1600 1640 51,017,368 10 2,410,332 7,865,714 90,778,656 8,729,063 160,296,925 10 2,200.000 13,526,994 14X 16K 2,500.000 _ <8.000.000 143,904 10 <32 t 10 8 23 X 7X 7X Elmira— Chemung Oan Tr Oo 800.000 1,571,639 1.237.500 714.951 11,630,028 13,221,877 20 lftft 25 25 IthacaFirst National Bank. d 600.000 144,360 650.000 524,921 5,082,072 9,532.404 500.000 990,000 300.000 311,967 12,938,795 200.000 500.000 654,000 155,846 484,386 7,697,000 4,092,999 4,865,816 lftft 400.000 70 8 10 20 <50 200.000 457,491 672,164 350 300 13 - 100 250.000 150.000 150.000 125,464 10 100 550.000 1,959,794 1,246,834 4,076,167 6,469,192 50 85 mrnmmm * 1 t °! COI i 1 • Sale price, a N 87,396 455,902 472,936 b Includes c t Marine Midland security rl2M e 68 and Dec. 3 1 '37 tend scord Broo klyn w> an be late dirt .196 197, stock. Represents capital, surplus and undivided profits. fund. reserves. h Affiliated with the Trust Oo. of New Jersey, Jersey Oity. < Controlled by Marine Midland Oorp. * June 30.1937. I Last sale. n Dec. 31, 1937. o Sept. 30,1937. r Preferred stock retirement u Reserves. price, 198. 5,938,100 100 10 23 468,279,000 24X 48 n 7,134,900 54 66*3 30 X 1,925.562.000 13.55 32X 150 76,454,000 100 144 25 n 3,081,000 850" 52,237.000 100 "865" 1805 453,660,000 100 1765 100 n26,157,131 n 4,997,700 115 100 "165" n 7,766,900 50 40 n Preference stock. Includes les 'epr rted net Corp. / Includes preferred stock retirement cent 100 100 d Oommon and preferred stock capital debentures outstanding. c"3" o re sa March 31, 1937. • g 357,327 "46" 65 95 12,776,635 J 50 \ 20 50 17,421,565 25 29,778,361 392,975 105 95 "36" l65" 100 20 Prospect Pk Nat Bk Common........ . 650.00ft Amalg Bank of N Y. 25,200 Bk of the Manhat Oo 20,000.000 25.862,263 Bank of Yorktown.. 756,900 1.000.000 Chase Nat Bank— 100,270.000 131,390.741 Oomm'l Nat Bk ft Tr 7.000.00ft 8,153,997 Dunbar Nat Bank500.0ftft 381,300 Fifth Ave Bank 500.00ft 3,660,300 First National Bank. 10.000.000 108.207.633 Grace Nat Bk of N.v 1,600,00ft 1,940,390 Merchants Bk of N.Y 400.000 215,400 Nat Bronx Bank.... d 790,000 239.400 100 \ 6C 54,081 61,530 . New Tork City— Deposits N ew York Ci ty banks are are Sur plus and p rofits are of of Feb. 26, 1938. for National and Dec. 31,19 37 for Stat e banks, a of banks and trust companies in New Yo rk City and found inour'*Rai Iway" Secti on, pages 1 93, 194,195 ir 25 25 486,704 298,000 5,669,948 114,514,936 6,207,131 41,247,957 Kingston Trust Oo.. 4 10 308,100 363,157 First NBkof Bondout Nat'l Ulster Oounty Bank of Kingston. Bondout Nat Bank. State of NY Nat Bk 29,987,467 5,014,630 680,000 625,000 103,700 300.000 ! 1200 Kingston- 30 20 10.. 50 2,847,100 100 2,597,361 2,764,500 33*« 3,610,800 100 8,019,973 100 50 5,567,400 143,900 108,892 64,100 Union Trust Oo 10f» 20 500.000 Debentures "A".. r§6" _Paterson— . . . . ... -mmmrnm »m-mmm 311 937. The First Nat Bank Nat Ohautauq Oo Bk lea 50 7X 8.200.000 Bank of Jamestown: Oommon....... re cent 304,626 Plalnfield— First National Bk... 249.838 Plalnfield Nat Bank. 175.000 100,000 Mid-Olty Trust Oo Plalnfield Trust Oo.. dl ,150,000 State Trust Oo..... 247.500 Haledon Nat Bank.. ...... Jamestown— 100 1,370,043 r 50 ! date Dec. .Debentures "B"_ 19 flO 4,648,825 950.000 550.000 ns Tompkins Oo Tr Oo. d "22" N 110 337,896 Oommon...... 100,000 .Preferred..... 42.750 Hamilton Nat Bank of Weehawken 141,414 Liberty National Bk 100.000 Guttenberg Merchants TrUnOlty 500.000 Oomw'lth Tr Un Oity 598.500 100,000 Gutt'b'g Bk ft Tr Oo Weehawken Tr Oo 400,000 Huds Tr Oo Un Oity. al .000.000 Woodcliff Trust Oo.. 145.000 First National Bk— Common........ 240 60 31'37 First Nat Bk ft TrOo 11 30 29 27 North ft West Hu dson— IstNat Bk of Un City d Nat Bk ofWNY . Marine Trust Oo 50 1,848,267 Oommon....... Debentures. . "II" ox 28X 25 AOft.Oftft I Lincoln-E Side N Bk d 200.000 Mfrs ft Trad Tr Oo. 5.000.000 88 10 100 240.000 225,000 ! mm —mm sa ........ 440" 420 230 50 Liberty Bk of Buffalo 15 10 25 10,533,972 6,097,816 200.000 : Kingsboro Nat Bank Lafayette Nat Bank. People's Nat Bank. Brooklyn Trust Oo: Kings Oo Trust Oo.. 27 10 100 ! Bank Flatbush Nat 4X 45 ■ New Brunswick Nat'l Bank of N J... d 600 Buffalo- 100 25 8 3.000.000 1,409.908 43,628,143 Banking Oo National State Bank 500.000 1,691,115 21,869,412 Olinton Trust Oo... d 626. 980/ ~ 562,311 3,007,317 Columbus Trust Oo. 400,00.0 45,812 1,939,844 Federal Trust Oo... 1.622,500 1,088,588 32,932,277 Fidelity Un Tr Oo— d7,500.000 7,804,034 143,393,689 Merch ft Newark Tr. 2,500.000 1,814,362 17,057,303 Union National Bk.. d 336.300 118,557 3,375,410 United States Tr Oo. 600.000 566,563 3,326,883 West Side Trust Oo. 1.075.000 386,410 10,313,976 100 64,999,703 23,787,511 400.000 700.000 Nat. banks Dec. 10 NewarkBank of Commerce of Preferred.. — Auburn— Nat Bank of Auburn Auburn Trust Oo.. 150 200.000 600.000 Xt. HollyUnion Nat Bk&TrOo Farmers' Trust Oo.. _ — 100 500.000 595,488 First National Bank. National Iron Bank. American Trust Oo.. Monistown Trust Oo Preferred. m Oity National Bank. 4X 230.000 Long Branch Bkg Oo _Morristown— w 3,432,626 54,030,034 First National Bank: 3X 24,154,634 1,103.439 Marine Midl'd Tr Oo hong Branch- Preferred 1,410,717 5,146.958 2,572,856 418,416 Brooklyn—State B ank A Tru ........ Newark Nomi nal. Pet share 250,000 l,5ftft.ftftft State Bank of Albany d2,900 000 First Trust Oo d2,980.000 Mech ft Farmers Bk. Nat Oom Bk ft Tr Oo 8 17 30 institutions Dec. 31 Albany— 53 48 State NEW YORK "3X -m -mm MAECH, 1938] National Banks Dec. 31 NEW YORK Capital Surplus & Profits National Banks Dec. 31 State Institutions Dec. 81 Cross Deposits Par Per N.Y. City (Concl.) National Oity Bank. 77.500,000 58.564.079 1618270000 12H NatSafetyBkA Tr Oo si .014.300 600,000 /15,242,300 Penn Exchange Bank 244,400 / 3,122,900 j>529,000 Pnbllo Nat BkATrCo 7.000.000 8.949.941 131,545,000 17 H Schroder Bkg Corp. 6.000.000 2,261,976 /22,327,664 Sterling Nat B 9c T.. 1.600.000 1,641,100 /27,136,300 "25 Trade Bank of NY.. 285,300 / 6,495,400 12H S418.750 IS* Trust co. returns d ate Dec. 502,000 572.000 4.158,687 18,052,039 332,200 3,947.134 640,900 1.066,000 2,889,970 2,027,000 181690064 249,375 61,732,194 1,353,100 I,916,277 8,144,000 8,493,000 59,715,259 292,526,346 33,900 76,076,573 221,900 10,773,000 23,627,831 12,059,000 1449807513 2,945,053 519,097,285 17,319,406 38,288,643 "loo 350 10 7 20 30 47 20 50 25 10 20 100 Common 229,300 1.000.000 2.000.000 28.760,935 863,400 385,000 4,046,383 50 10 300.000 33,183 550.000 195,000 200.000 19,683 127,093 7,998 44,128 86,815 800,000 241,592 126,181 997,678 350,000 498,571 300,000 400.000 400,000 10 2.832,968 1214 3 7 5,496,981 3,036,875 15 10 15 3.406,220 1,722,818 8 1,882,313 166 7,573,974 100 17 22 4,676,693 f 25 1 25 20 14.201,127 21 26 »*>< COi 48 5,574,380 25 20 25 871,864 6,983,339 10 30 35 49,891 8,606,953 20 20 10 9 4 4 "l3" "IB" 23" in Yonkers....... Yonkers Nat Bank A Trust Co- Common 220 .... Preferred.... H 245"" 100 1354 1&0 !205 6 93 25 25 200 17,886,691 J 20 100 ""M"* NORTH CAROLINA ygSV*Nomi nal. Per share Asheville— First Nat Bk A Tr.. e 300.000 112,368 2,769,686 « 450,000 500.000 300.000 1.200.000 391,680 475,436 532,484 1,887,899 4,862,713 11,113,036 6,552,059 53,458,724 50 100 150.000 500.000 200.000 100.000 214,000 46,440 1,095,057 145,805 111,000 a 56,026 1,469,177 11,612,269 1,827,166 1,950,647 1,224,991 128 20 100 Charlotte— OH 754 100 5,963,300 10,442,100 85.482,588 80 90 1515 100 1465 Charlotte Nat Bank. Commercial Nat Bk. Union Nat Bank.... Amerlean Trust Co.. Durham— Oitisens* Nat Bank. Fidelity Bank Depositors Natl Bk. 50 2,707,300 366.100 Home Savings Bank Mech A Farmers Bk- 100 100 25 20 70 195 200 198 270 275" 80 25 75 18 25 25 Greensboro— .929,458 ... Capital notes..... 1.000.000 Jl,322,946 20 16,642,972 44 20 71,900,203 30 50 2.800.000 2.500.000 324,217 600.000 Capital notes 1.200.000 Genesee Vail Tr Co.. s2.550.000 590,607 Boch Trust 9c SDOo 1.000.000 3,060.000 Security Trust Oo— Common........ 300.000 12,393.279 Capital notes..... 200.000 Union Trust Co: Common.... 3.000.000 10H 33 47 15,533,690 37,558,858 "26 31.808.655 100 1100 20 45.413,759 Guilford Nat Bank— Common........ Preferred. Security Nat Bank— 150.000 196,283 3,738,014 800,000 333,933 11,630,067 10 10 10 N o re cent 762.650 678,514 19,427,072 25 sa les 180,000 300.000 116,584 641,637 2,679,068 7,179,676 25 , 50.000 Raleigh— ...... "14" 98 90 First Citizens BkATr Wilmington People's Sav Bk A Tr Wllm 8av A Tr Co.. 1 1 1 <30 C 882,282 400,000 1 396,000 ioo.ooo ... 200.000 253.590 300.000 750.000 ........ Schenectady Tr Oo 410,317 526,072 1,3222296 8.487,279 8,111,539 16.259,534 1.200.000 Preferred Union National Bank Citizens Trust Oo— 223,979 400.000 ........ 6,289,767 Common { 10 I 10 (710 100 Preferred Wachovia Bk ATr.. 20,255,903 {100 275 250 <7160 1160 154,174 Winston-Salem— First National Bank- Schenectady— 10 Wilson— Branch Bkg A Tr Oo Common Preferred Nat Bk of Wilson... Mohawk Nat Bank— Common 50 50 share. 20 100 4254 5154 8.373,670 800.000 Rochester— Lincoln-Allia BkATr Common,.. 4% Oon v.Preferred Central Trust Oo— "22" 2,030,000 200.000 150,000 680.000 Common Preferred County Trust Oo... Yonkers— Central Nat Bank... First National Bank 145 515 50 >4 034,000 prices Peoples N B A T Oo: 60 15 , S 1,571,036 2,378,043 176 250 tarrytown N BATrOo White Plains'— Oitisens Bank s 4454 1254 Per 210,555 174,194 Ask Bid Nom. 550.000 s .... 55 12 Par 100.000 600.000 Rye Trust Oo 42 H Cross Deposits 170,000 \ 30.000 Bk A Tr Oo Mutual Trust Oo. Rye—Rue Nat Bk... 145129357 610.292.530 I 20 S Jamaica. L. I.— Jamaica Nat Bank.. 10 25 10 100 100 100 Common...... Preferred. Westches Co Nat Common....... Preferred...... Pleasantville— Mt Pleas Bk&TrOo Port Chester—1st N. 358 49 7H 97 6 Dec. 31 Peekskill— Peekskill N BATOo 102 94 Surplus & Profits Westchester Co. (<Concl.)Ossining—1st Nat Bk 9c Trust Oo. 200.000 Ossining Trust Oo. s 350,000 34" Common........ 10.000.000 II,265.171 * IF* if* 25 Convertible pref 9.421.020 Marine Midi Tr Co.. 6.000.000 9,020,975 104,788,878 New York Trust Oo 12.500.000 27.798,656 324,291,006 Pan American Tr Oo 181,000 4,162,000 600.000 Savings Banks Tr Oo 2.500,000 4,752 200 99,441,300 Title Guar 9c Tr Oo— Debenture notes.. Trust Oo of Nor Am. Underwriters Tr Oo. U S Trust Oo of N Y 12 3054 96 ... _ 10 29H 100 100 50 Oity Bank Farmers' 10.000.000 14,120,759 73,396,510 _Trust Oo .. ilH it* 31.1937 Bk of Athens Tr Oo. 600.000 144,400 3,477,700 Banca Com It Tr Oo 2.000.000 834.631 11,657,584 Banco di Nap Tr Oo. 612,800 16,022,600 1.000.000 B'kof Montreal Tr Oo 1,000.000 605,600 223,200 Bank of N Y & TrOo 6,000.000 13,372,665 177,683,179 Bankers Trust Oo 25.000.000 76.932,372 819,473,017 Bronx County Tr Oo 257.500 20,116,100 542,500 Cent Han BkATr Oo 21.000.000 70.476.231 831,259,130 Chemical Bk & Tr Oo 20.000.000 54,625.894 506,375.322 Clinton Trust Oo... s 750,000 Colonial Trust Co 1.000.000 Continental BkATr. 4.000.000 Corn Ex Bk & Tr Oo 15.000.000 Corporation Trust Oo 500.000 Empire Trust Oo 3.600.000 Equitable Trust Oo. 500.000 Federation BkATr Oo 825.000 Fulton Trust Co.... 2.000.000 Fiduciary Trust Co.. 1,000.000 Guaranty Trust Co.. 90.000,000 Hellenic Bk 9c Tr Oo. 1,000,000 Irving Trust Oo 50.000.000 Schroder Trust Oo 1.000,000 Lawyers Tr Oo..... 2.000.000 Ufti Trust Co: Common 32.998.440 share. State Institutions NEW YORK Capital Ask Bid Nomi nal , 107 TKUST COMPANIES BANKS AND 25 2,853,629 n 82,833 2,641,872 10 11' 2,287,236 110,000 90,000 e3,970.000 73,434,686 100 I I§5" 142 100 100 200 Syracuse— Lincoln Nat B 9c TOo Merch Nat II 9c T Oo Common........ Preferred.. First Trust It Dep Oo 834,999 21,355.930 20 31 750.000 180.000 | 420,243 9,470,915 { 20 15 Common........ d4.691.844 1,318.263 51,560,753 _ . 33 6 (720 . _ . NORTH DAKOTA 7 554 Syracuse Trust Co Common National Banks Dec. 31 17 I 20 , } Nomi nal. ■ Per Fargo— . 1.000.000 . Capital notes..... 1.400.000 Jl,101,533 29,768,368 I.1.? 1454 1654 Dakota Nat Bank.. •201.000 50.000 Fargo National Bk.. 165,858 117,877 500,000 150.000 250.000 134,659 201,928 70,475 6,129,188 3,162,224 100 N 0 100 re cent 25 sa les First Nat Bk A Tr Oo Common.. e Merch Nat BkATrOo UtienFirst Citizens Bk 9c T Preferred Oneida Nat Bk A Tr Common. Preferred...... 1.000.000 990.000 ........ 1,551,639 675,826 112,352 59,840 Jl,452,634 600.000 I 198.000 484,179 21,344,654 < 25 25 10.562,777 7,318,913 3,671,846 % 32,207,368 21 8 20 n Nor A Dakota Tr Oo Troy— Manufactur Nat Bk. si .400.000 National City Bank. 600.000 Union Nat Bank... S 634.400 Troy Trust Oo...... S448.500 e National Banks Dec. 31 10 Common........ 210.000 124.075 Preferred 120.000 Northern N Y Tr Oo Common........ Capital notes.... 5,859.398 360,050 Institutions Dec. 31 Per 200,000 I 495.000 1.241.645 100,000 N o 149.058 15,856.446 924,662 88,308 22,009,224 4,120,478 "loo Goodyear State Bk. Firestone Pk TrAS B Common........ les | <25 1,255,721 572,387 19,587,830 11,072,409 9,785,277 3,280,941 1,726,325 100 cent les 100 1,218,171 0 re 100 J 603,955 Capital debentures N 14,798,569 200,000 608,000 e First National Bank 995,000 Geo. D. Harter Bank fl,000,000 re cent share. 100 sa First-Central Tr. Oo. 20 4,061,478 { 35 \ 40 10,685,152 State Akron— Dime Savings Bk Oo Common sa 600.000 280.000 OHIO Nomi nal 10,229,017 { 20 i 25 Capital notes..— 165,605 100 <760 Watertown— 500.000 ...... 30 ........ Jefferson Co Nat Bk Watertown Nat Bk- a n 25 9 {254 i share 100 2,584,720 1,884,312 Canton- 145 100 Wostehester Oo— Bronxville— Gramatan Nat Bk 9c Tr Oo Bronxville Tr Co... 200.000 350.000 173,268 186,207 3,647,684 4,176,431 20 100 Mt.Vernon—litN_. # 700.000 Fleetwood Bk (The). s 267.500 Mt Vernon Tr Oo. s3.000.000 572,000 116,012 641,460 12,759,000 3,206,155 6,454,566 100 100 v 10 New Rochelle— Central Nat Bank, s 115.000 First Nat Bank... 300.000 Huguenot Tr Co.. $ 650.000 New Rochelle Tr.. sl.600.000 2,150,685 4,558,617 1,509,649 14,878.620 20 1 272.290 143,743 514,093 20 27 1 3 30 3 23 28 . s 10 20 19 24 150 140 25 154 175 "254 Cincinnati— Atlas Nat Bank.... Otnn Bk A Tr Co— Columbia Bk A S Oo e e 400.000 200.000 199,500 171,653 137,627 100 10 270 97 9H Tr t Marine Midland Corp. a June 30.1937. c On Jan. 30,1938, the Branch Banking A Trust Oo. of Wilson, N. O., acquired the assets and assumed the liabilities of the Bank of Fremont at Fremont, N. O., and on Jan. 31,1938, opened a branch office in the latter city. d Capital stock of the First Trust A Deposit Oo. of Syracuse, N. Y.. consists of 348,849 shares of common stock of $6 par; 866,250 shares or 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. /Dec. 31. 1937. q Retirement price. by Marine Midland Corp. First report. I Last sale, n Member First Bank Stock Corp. i Controlled k 108 banks and National Banks Capital Cincinnati (Con.) State Institutions Dec. 31 ohio Dec. 31 Surplus & Profits % 6,000.000 4,978.907 70 Nsrwood-Hyde Park Bk A Tr Co d 600.000 Lincoln Nat Bank.. 600,000 NorthsldeBkATrOo d 240.400 People's Bk A St Oo d 600.000 Ptot S Bk & Tr Oo. 1,800,000 Second Nat Bank... 1.000,000 So Ohio S Bk A Tr Oo 192,296 1,200,501 160,968 278,806 3,178,388 839,560 602,944 308,392 2,141.554 pennsylvania sum^rum' Cross Par Deposits Nomi nal. Per share. ,^5. 149 127 123 100 100 50 100 10 100 100 15,079,199 6,802.533 11,759,604 66,692.050 Allentown— 215 55 '"28" 30 150 135 Surplus & Profits 1,583,967 2,168,404 1,168,168 883,010 Par 13,379,338 8.563.510 5,556,371 100 25 10 38 23 26 7.160.075 100 110 125 125 150 Altoona— 600,000 13,100,000 ...... Oapltal debentures 10 100 80 7 85 115 93,801,680 1100 150.000 295,500 289,043 6,235,192 1100 u00 250,000 263.390 249.300 432,984 4,253,784 253,468 2,849,645 Bank of Erie 200.000 First National Bank dl ,252,500 Lawrence Park N Bk 50.000 Marine Nat Bank... dl,291.000 Nat Bk & Trust Oo.. 300,000 138,839 429,889 52,309 192,829 271,505 1,138,067 14,171,996 683,020 8,198,771 3,801,635 300,000 769.950 200,000 362,141 13,180,385 I 50 i 50 59,000 1,445.436 Allison-East End Tr. „ Western Bk & Tr Oo <12.000.000 Central Trust Oo... 6.000.00Q Ftfth-Third-Unlon Tr ust Oo— Oommon 6,000,000 120 396,510 Oapltal Bk A Tr Oo. Harrlsburg Nat Bank 300,000 300,000 400,000 400,000 400.000 155,514 388,871 811,973 909,504 1,196,524 1,474,438 2,795,641 3,992,671 6,297,231 4,333,617 13,036,101 11,673,124 400,000 600,000 625,000 761,023 986,320 394,408 10,574,888 10,932,740 8,507,378 20 20 Preferred Altoona Trust Oo— Oommon. Preferred Oentral Trust Oo... 2*660.000 Ask Bid Nomi nal. Per shore. 165 155 First Nat Bank— Common 125 6 1 Cross Deposits $ $ 1,000.000 1,000.000 450,000 500.000 Allentown Nat Bank Merchants Nat'l Bk. Second, Nat Bank.. Lehigh Vail Trust Oo 100 5.624,118 9,892,977 2,331,445 3,143,879 46,121,838 Capital Ask Bid - First National Bank. trust companies / 10 10 100 mmm 18 16 115" 165" Cleveland— amer Say Bank Oo. Oentral Nat Bk— Oommon 180,947 300.000 100 4.805,683 5.000.000 11,561,212 136,915,019 7,920,000 589,731 260.000 1,981,975 d 486,000 164,619 4,432.262 7,600.000 4,268,909 138,236,939 d 190.000 58,496 685,676 Oommon......... 13,800,000 14.150,176 347,218,076 Oapltal notes..... 14.137.600 Union Say A L Oo.. 360.229 900.000 2,835,674 100 Preferred........ pier Say A Loan Oo. Lorain Street Bank National Oity Bank. North Amer Bk Oo. Cleveland Trust Oo Brie- 200 f 20 .... 9 7H o24 16 100 60 "24" "26" 20 108 98 66*3 15 Security-Peoples TrOommon 100 10 100 100 Preferred Union Bank (The)— d a50 50 109 Harrlsburg— Columbus— Branson Bk A Tr Oo 260.000 Oity Nat Bk A Tr Oo dl .800.000 Uolumbus Saying Bk d 80.000 Fifth Ave Say Bk Oo c 200.000 67,634 1,534.112 116,173 114,949 2,171,317 176,993 70,437 Huntington Nat Bk. d3,600.000 Market ExchBk Oo. 200.000 Northern Say Bk... d 160.000 Ohio National Bk c4.000.000 , 3,072,311 2,980,141 28,420,582 1,654,482 2,487,582 55,427,834 3,906,988 1.395.632 70,207,979 100 95 10 H sS 15H 100 • ! «... 165" 175"" 100 200,000 295,000 842.000 ........ Preferred Third N B & Tr Oo_. d Winters N B & Tr Co ........ Oommon ........ Preferred ......... 177.262 [ 562,242 1,500,000 800,000 f 595,433 Dauphin Dep Tr Oo. Harrlsburg Trust Oo 100 13 80 70 275' 250 70 60 "loo 0 Lancaster— Oonestoga Nat Bk.. 20 Fulton Nat Bank... Lancaster Oo Nat Bk d Farmers' BkATr Oo Dayton— Merch N B A T CoCommon Oentral Trust Oo... 10 8 10 12 10 75 25 60 50 100 1420 7,911,876 /100 95 "25 25 15.280.993 ■ - - 404,679 5,886,947 300.000 238,864 1.931.532 3,040,000 7,087,506 326,944 8,832,491 55,437.866 9,758,818 10 50 101,669,121 137,546 3,290,593 5,303,526 82,657,407 67,418 2,860,554 294,432 9,844,800 4,200,980 31.962,930 1,911,857 13,401,330 20 * 300,000 188,180 155 145 H 100 15 10 10 10 Oommon.... Preferred Northern Bk A TrOo 98 34,237,811 /100 I 60 50 I'lH 102 - Philadelphia— Toledo- Oentral-Penn Nat Bk City National Bank. dl,100,700 Commerce Guard Bk Oommon 600,000 400,000 f ...... . Oapltal debentures 668,458 14,697.878 Nat Bank of Toledo: Oommon........ 200,000 Preferred.... 175,000 Spltser-R T A S Bk. d 600.000 Ohio Oltizena Tr Oo. [ 600,000 Toledo Trust CJo.._. 6,000,000 _ 177,349 . 250,677 718,274 2,708,292 35 | 25 Corn Exch Nat Bank 40 A Trust Co 4.550.000 Erie National Bank. d 470,000 3,111,000 200,000 Kensington Nat Bk. dl,138,517 Market St Nat Bk.. 1,000,000 NatBkofGer ATrOo 400.000 Nat'l Bk of Olney— First National Bank. Gimbel Bros Bk A Tr 4,368,065 /100 1125 50 2,397,450 20 12.555.228 50 85,453,460 33 55 37 60 17 19 Oommon Youngstown— 1,250,000 L: 543,376 Capital notes 2,000,000 413,803 Mahoning Nat Bank dl ,425,000 Union Nat Bank.. 1:250,000 1,924,295 14,165.633 / 50 25 10.433.229 18,470,437 6,025,513 ru¬ 100 North Broad Natl Bk Northeast Nat Bank 25 ns 16 X 145 Oity Tr & Say Bk— Common........ Capital notes.. 750,000 L 152,739 1,243,700 67,078 105,000 1 95,000 250,000 200.000 ... Pro farrarl Dollar Say & Tr CoCommon 60 100 100 50 100 10 1.852,539 f L 176,686 160,946 2,087,596 3,258,849 10 10 | 123,723 3,300.000 4,637,156 55,957 350 47 OH 3d"" 360 48 8 alO 50 64 67 15 17 o25 | 714,793 200,000 100,000 405,336 "~27~" 41* 291 """S H ... Preferred.... Tioga Nat Bk A TrOo d iV* 37 287 n* 10 Northw'n Nat Bk— Oommon... 275,000 \ 132,782 3,281,748 / 25 Preferred 225,000 I I 25 Philadelphia Nat Bk 14,000,000 24,378,827 370,312,761 20 Roosevelt Bank d 39,526 270.000 i 2,134,000 50 Second Nat Bank— Common 500.000 8,054,395 I 10 Preferred 650,000 t 10 South Phila Nat BkOommon 30 H 18 3,241,273 I 20 I 30 2,629,990 25 104 H 105 h 14 9 10 9H 11 6 8 153 159 Tradesmen'sNational National Banks Dec. 31 oklahoma Bank A Trust Co. ate Institutions Dec. 31 Nomi nal. Per share. Guthrie— 100,000 75,000 . e 144,162 68,246 100 2,262,857 1.478,938 100 McAlesterr 100.000 V. 100.000 204,000 242,236 25 2,656,000 2,292,826 N o 100 re cent Muskogee— sa k 100,000 300,000 . 161,413 358,193 371,660 400.000 a I 240,321 2,895,976 234,168 781,120 200,000 o 5.000.000 Fidelity Nat Bank.. d 450.000 Liberty Nat Bank.. dl,200.000 . . Oklahoma Nat Bank. Tradesmen's Na c Stock Yards Bar 100,000 500.000 40,000 40,455 355,738 2,000,000 1,731,904 - „ 19,130 les 100 100 100 2,611,347 3,719,287 5,116.286 _ 125,060 I . . Oommon.. Preferred— 10^ 150 185 26 32 50 175 75 225 125 100 100 100 100 100 100 125 20 25 27 5,112.324 f 20 20 .... Common Preferred .... . c 49.121,896 d 1 350.000 63,591 2,250,000 1,500,000 25,000 p,559,495 12,035 4.824.926 Penn Oo for Insur oh Lives A Grant Ann Tr A Safe Dep Oo. 160 Penn W'h'g A S D Oo Provident Trust Real Est Tr Oo..... 20. 20 3.750,000 15,493,992 7.425,000 1,000.000 1,250,071 Mitten Bk A Tr Oo 698,334 1.500,000 Ninth Bank A Tr Oo d2,464,810 •732,334 Northern Trust Co.. 500,000 2,783,570 Nor Phila Trust Oo. 500,000 1,278,788 Liberty Title A Tr Oo Security Bk A Tr Oo. Sonsitaly Bk A Tr Oo 25 59,623.011 f 10 1 20. 336,789 100 "no" 100 10 10 10 10 n lio {10 • i i * t i i State Institutions 7,327,545 3,927,643 100,629,579 491,127 4,216,964 100 210 100 100 4,463.913 116,072,841 20 30 share 100 317,204 Allegheny Valley Bk. Arsenal Bank Bank of Ohio Valley. Braddock Nat Bank. .... 76 9 3 4 3M 192 52 19 78 10 4 alO 8 4 H 37 8,400,000 14,548,595 224,403,782 750,000 1,134,728 928,035 3,200,000 14,164,080 46,492,780 1,500,000 2,445,000 11,253,850 300,000 242,896 3,305,683 125,000 10,232 809,942 10 100 100 50 30 H 31M 57 42 f" 416 56 54 32 29 10H 10 8 50 34,. 11H 605 102 9 215,271 254,793 105,572 851,342 200,000 100,000 200,000 500.000 3,127,303 1,439,402 702,327 11,720,657 40 50 *10 100 100 Sale price. Preferred c stock retirement price. Member of the BancOhio Corp. d Oommon and preferred stock or debentures outstanding. e Portland— First National Bank- 53,000,000 Portland Tr A Say Bk 300.000 United States Nat'l Bank 4.500.000 18 11 24 318 585 97 $d|000|000« Per 200,006 50 mtmmmrn as of Feb. 7. 1938, the First National Bank of Portland, Portland, Ore., Increased its common capital stock from $2,500,000 to Nomi nal First National Bank 310 182 ~~mmm 50 60 10 100 50 6 Effective Dec. 31 Eugene- 15 95 9H 19 Pittsburgh— 30 i * oregon 20 50 100 "25" "25" a National Banks Dec. 31 31,267.023 100 8,586,777 6,015,036 20,029,517 12,570,730 7,165,232 . 100 125 175,000 . . 250,597 j 1,542,110 Land Title Bk A TOo Tulsa— First Nat Bk del. ) Fourth Nat Bank— Common.. 90,210 Wyoming Bk A Tr.. d 300,000 Banca Com It Tr Oo. 342,360 2,165 ,950 1,000,000 Broad Street Trust.. 400.000 427,823 1,762 ,361 Ohestnut Hill T A Tr 96,524 250,000 1,506 ,970 Fidellty-Phila Tr Oo 6.700.000 17,100,525 104,145 ,512 Finance Oo of Pa 641 ,114 2,320.000 e7,315,742 Frankford Trust Oo. 500,000 1,325,573 10,078 ,912 Germantown Tr Oo. 1,400,000 2,550,040 21,223 ,466 Girard Trust Oo 4,000,000 11,370,539 110,644 ,160 Industrial Trust Oo. dl.132,250 1,188,697 11,559 ,895 Integrity Trust Oo— Oommon 995,973 1st preferred..... 2,000,000 36,409.239 2d preferred 3,000.000 ... «10 5,902,864 56,410,383 7,333,702 19,972,572 1,510,950 16,063,583 1,028,907 41,080 ,613 2,719 ,534 June 30,1937. h Preferred stock retired. 235 108 ZIH (March 31, 1937. I Last sale. s New stock. x Ex-dividend. V Ex-rights. March, 1938] banks trust companies and I w" pennsylvania Surplus & Profits Capital '' Capital Par Deposits Nomi nal. (Concluded.) Dollar Savings Bank Farmers Deposit Nat S 5,515,004 6.000.000 10,359,930 6.000.000 6,436,703 First National Bank. First Nat Bank & Tr _ 200 100 185 195 Miners A Merch Bk. 0 Pittsburgh.. 400,000 713,428 224,285 964,166 178,476 412,025 1,290,778 ""15 50 2,351,073 125,227 433,679 1,737.608 4,461,395 5,512,366 9,768,286 3,411,897 100 190 100 50 100 Common ... Preferred. 10 J 615,657 142,848 195,145 4,558,609 1,501,651 527,536 486,089 5,955,755 4,146,386 $ 16,692,893 5,515,001 445,306 Pitt National Bank. Sheraden Bank Union National Bank Union Savings Bank. Western sad Bank Co. Colonial Trust Co Com* wealth Trust Co Dormont 8 A t Co. Farmers Deposit Tr. Fidelity Trust Co Manchester Savings 10 100 100 37,851,764 J100 1100 share 100 100 0 15** 16** 95 Columbia— 892,429 200,000 I 228,836 4,091,414 170,000 7.500.000 34,027,398 276,589,511 1 1 °! ----- First Nat Bk of Col. Lower Main St Bank 50 100 20 125 f 50 First National Bank. 250.000 200.000 , 100 10** 240 250 25** 2,757,775 [ 20 ------ 26** Spartanburg— e50 Com'l Nat Bank— Common 100 10 10 65 60 50 1,757.246 f 25 1 25 40 1,824,415 50 11,372,075 10 25 Greenville— 50 160,000 40.000 ...... 141,625 1 68,642 108,375 200,000 151,900 700,000 604,110 50,000 153,057 2.000.000 4,468,816 1.000.000 3,558,976 i 497,500 413,521 700,000 820.009 i3,832,500 1,708,728 1.600.000 1,915.171 125.000 119,850 1,320,000 1,203,147 2.000.000 9,013,603 4 ----- Peoples Nat Bank ..... Mellon Nat Bank... Nat Bank of America Common Preferred Nor Side Deposit Bk Ask Per $ 502,070 204,607 40,315 200.000 35,000 Citizens A Sou Bank Carolina Sav Bank.. at Iron a Glass Dol Sav Keystone Nat bk— Allegheny Trust 185"*" % 70O.000 200,000 50,000 1,100,000 1,200,000 100 100,000 172,700 Bk (The) Common Preferred Charleston— share. Per Id) 300,000 500.000 635,600 200,000 200,000 200.000 Bank Hill Top Bank Homewood Bank $ 53,893,644 79,155,522 91.225,366 Bid Nomi nal South Oaro Nat Bk— Co of East Pitts._ Forbes National Bk_ Fourteenth St Bank. Freehold Gross Surplus & Profits ' Ask Bid Par Pittsburgh Hazelwood "'ty SOUTH CAROLINA Gross Deposits 109 Preferred. J «25 68,849 i 25 20 65 55 63 183" 188' 50 1,312,681 31,922.311 36,093,868 3,939,110 6,119,464 30,730,472 19,991,658 2,485,405 201,905 100 21,711.446 25 2,586,732 50 40 6.000.000 10,997,023 92,266,510 i 875,000 410,878 6,064,668 150.000 253.351 2.051,363 125.000 371,037 1,921,002 1.500.000 92,753.188 235,449.328 500,000 1,277,244 6,328.639 200.000 178,392 1,945.264 i 175.000 103,501 2.1X1,017 20 28 31 5 5 8 100 100 85 * Bank A Trust Co. 250.000 376,624 100 100 50 [nfa south dakota^vrr0" '"id" 100 100 80 90 100 50 87 90 95 92 1s5" '"85" 89 Nomi nal Sioux Falls— First Nat'l Bk a Tr. Nat Bk of So Dak 1 Northw'tSecurNatBk i Per 385.000 117,460 230,466 178,197 63,157 100,000 Union Savings Bank. 795.000 150.000 100 4,731,258 3,121,554 pi66 8,848,084 /100 1,163,643 100 share. n o re cent sa les People's-Pittsburgh Tr Co __i Potter Title A tr$3o Provident Trust Co. South Hills Trust Co Union Trust Co Washington Tr Co.. West End Bank William Ponn Tr Co. Workl ngman's Savgs Bank A Trust Co. 100 6400" 100 50 100 7 37 50 60 10 National Banks Dec. 31 6800 1,108,896 1.000,000 1.800.000 800.000 1.170.300 9,811,216 621,517 75 Amer Tr a 625.000 Scranton Nat bk— Common 200,000 100,000 400.000 ... South Side Bk A Tr. Third Nat bat Co- Common..... Preferred West Side Bank _ 186,888 5,051,487 149,555 348.655 39,555 J 153,580 10 1,148,436 25 25 28 18 55 50 16 50 70 28 60 75 2,440.935 a 50 10 150,000 189.550 Preferred 12J* 18** — 32 20 40 50 9 4.838,997 25 752.121 15.614,807 25 48 423,398 2,873,176 25 1,841,295 25 1 ICO 10 "65"" 50 25 J 152,478 65" "70" 3 3** 25 First National Bank w-b Dep a Sav Bk. Wyoming Nat Bank. 750,000 200,000 2.500,000 1.000,000 500.000 500.000 1,386,139 154,007 5,391,540 3,031,697 730,980 9,495,373 1,219,658 24,068.166 14,719,057 3,878,456 8,141.902 250,000 250,000 225.000 211,064 352,010 513,349 2,475,953 4,515.005 5,422,665 605,839 190 200 371,543 150 155 100 50 50 100 1,271,682 9,656,621 floo 1100 40,261,697 100 50,000 200,000 43,993 110,620 1,207,123 468.419 25,315,972 11,301,023 325.000 242 247 49 50 109 430 105 420 25 28 50 101 140" i45" Knoxville— Bank of Knoxville Oomm'l Bk a Tr Oo. < HamiltonNationalBk < 950,000 Park National Bank. 1.000,000 1,524,213 100 2,549,153 6.25 130 135 9 10 220 230 100 100 300 310 220 230 100 220 230 100 100 Memphis— First National Bank. Nat Bk of Commerce State Savings Bank. Union Planters' Nat'l 1.000.000 1,000.000 1,731,997 2,009,933 77,094 41,278,995 60.000 Bank a Trust Co. 3.500.000 4,550,994 63,112.696 3,000.000 3,500.000 300.000 1.000.000 11,316,366 53,081,645 574,062 925,831 5.711,333 19,959,928 993,542 28,214,347 1,389,000 10 24** 25** 10 13** 14** 10 18 20 9,249,008 [100 1100 25,687,003 100 (6) 105 225 240 Nashville— American Nat Bank Common Preferred ..... Broadway Nat Bank Commerce-Union Bk Nashville Trust co— Common Wilkes-Barre—Hanover National Bk Miners Nat Bank Beoona Nat Bank... 100 —— 20** 15 75 Penna Trust co— Common........ 10,125.600 <2,800,000 Hamilton Nat Bank. 6 743,580 1.000,000 I 150,000 250.000 984,182 325,000 i Preferred 10 62,630,015 1,113,483 2,257,000 966,222 362,447 2,533,199 200.000 4.050,000 200.000 North Scrant Bk A tr 300.000 Providence Bank t 300.000 _ Bkg Oo_. Commercial Nat Bk: 6,924,840 18,290,046 3,897,714 16,877,733 1,162.830 Soranton— ie. Scranton State Bk First National Bank. Green Ridge Bank Preferred Nomi nal. Per share• Chattanooga— 400.000 Common Beading Trust Co.. State Institutions Dec. 31 'id" Beading— Union National Bank Berks Co Trust Co.. City Bank A Tr Co.. tennessee 1100 500.000 r Preferred i 1.133.300 Third National Bank 1,203,063 1,000,000 25 110 30 103 Willi&msDort— First National Bank Williams port n Bk._ West Branch Bk a Tr 10 National Banks Dec. 31 20 State Institutions Dec. 31 TEXAS 10 Tork— Nomi nal Austin— Cent Nat Bk a Tr Co Common 250,000 1 194,091 190,000 322.734 150,000 26,944 100,000 600,000 579.597 194.421 125,000 506.004 225,000 878,610 300,000 532,617 500,000 500.000 770,167 750.000 1,227,092 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 Co. Guardian Trust Co.. York Trust Co 7 2,504.104 f 10 l 5 10 "24" 3,165.196 669,526 Per American Nat Bank. Austin Nat Bank... "25" 100 7,779,629 10 "l8** 1,594,715 4,272,260 5,711.911 4,782,918 4,108,833 10 100 20 25 25 16 ** 17** 193 195 55 57 7,302,952 10 39 62 llH 18** 19 h 300.000 579,750 400,000 489,799 12,427,706 15,752,319 3.122,328 /100 Beaumont— American Nat Bank. First National Bank. Secur St Bk A Trust < 400.000 400,000 200,000 490,851 778,643 72,735 < 100 Capital Nat Bank— Capital stock. 1100 10,892,928 13,301,561 2,418,202 100 100 5.565,922 102,624,711 51,726 1,347,156 20 100 elOO 100 N o rec ent sa les Dallas— First National Bank. Hillcrest State Bank. 8,000,000 25,000 45 ** 46** Liberty State Bank: i gjjjjg Common rhode island Newport— Common. Preferred. Newport Trust Co.. Preferred.. Nomi Per 400.000 210.000 120,000 300,000 } 276,656 6,025,755 55,424 531.258 60 494,604 2,623,093 100 500,000 1,049,045 4.411.025 25 85,804 1,755,950 (10 228,595 1,392,779 / 25 RepubllcNat Bank.. Nat Bank of Comm. Dallas Nat Bank... 35 I 25 Oak Cliff Bk A Tr Co: Common ----- 150" Capital notes Providence— Blackstone Can Nat. Columbus Nat Bank Common 150.000 I 82,700 J 123,106 1,100,000 L 921,040 900.000 3,820,000 150,000 351,849 1.000.000 890,021 4,000,000 100,000 62,100 4,739,981 75 85 10 2,169,629 54,079 2,285,620 12 Common ..... Capital notes..... 105.000 95,000 120,000 } 110 50 , 75.000 j100 j 20 22 "75*" 140 290 180 30 28 80" 150 310 200 35 cJune 30, | 305,993 1100 29 1937. d A mutual savings bank. e Preferred stock retirement price. / Member of the Northwest Bancorporation. 2250"" 2465" 140 1100 Affiliated with the Citizens A Southern Nat. Bank of Atlanta, Ga < Common and preferred stock outstanding. q p Affiliate of the First Bank Stock Corporation x Ex-dividend. } 175 38** 46 215 48 100 Sale price. I Last sale. 248.750' 3,017,810 45 210 47 t Citizens A Southern Bank of Savannah, Ga., system. b Member of First Security Corp. k Stock all owned by the Rhode Island Hospital Trust Co. 200,000 37** elO Woonsoeket— Preferred 20 100 20 "lid"" * 350,000 5,044,675 / 25 150.000 I 25 850,000 790,004 8,438,304 50 450,000 934.745 3,428,582 50 1,500.000 2,552,833 12,111.656 100 4,000,000 9,695,557 110,911,893 100 125.000 181,122 1,519,926 25 2,500.000 2,892.225 51,623,059 *100 5,000,000 12,094,998 42,143,160 1000 1.000.000 1,378,405 22,967.490 100 125,000 150 1100 69,130,139 6,289,404 19,727,188 77,736 i J100 27.802,175 I 20 Texas Bank A Tr Co: J 215,274 Onion Trust Co... ... Capital notes Mercantile Nat Bk— Common > share. 100 115,000 85.000 131,781 Preferred stock... 8 30 BAMS 110 National Banks COMPANIES National Banks Dec. Deposits Par Surplus & Profits Capital Ask Bid State Institutions Dec. 31 VIRGINIA 31 Gross Surplus & Profits Capital TRUST State Institutions Dec. 31 TEXAS Dec. 31 AND Gross Bid Par Deposits Nomi nal. El Paso— $ 3 300,000 300,000 Bank. State National Bank Fort Worth—■ Continental Nat Bk. First National Bank Ft Worth Nat Bank l Per 399.297 1,057.263 750,000 . _ El Paso Nat 394,045 812,931 10,013,691 21,661,070 60 20 72 69 I Lynchburg— 1,000.000 511,316 7,793,047 504,419 337,868 4,278.444 3,840,827 60 131,745 252,237 634,750 3,209,473 Galveston— 43.703,066 I 20 1 20 423,681 10 1,223,630 100 353,078 353,374 200,000 200,000 Hutchings-Sealy 14,112,198 4,627,851 750.000 500.000 437.025 n a 300.000 114,528 500,000 100.000 Houston— Oltlsens State Bank. 41 39 — loo" 51,852 3,117,230 441.786 818,146 995,106 70.277 3,532,117 32,173,517 13,293,330 1,401,715 200,000 276.000 185,851 74,197 2,251,592 2,499,994 500.000 375,586 79,746 261,833 6,081,489 1,061,552 2,495,824 800,913 893.774 65,486 3,493.579 100,000 9,866,599 18,843,185 717,962 60,687.146 2,140,000 1.250.000 1.800,000 11,098.632 44,302,107 200.000 391,054 144,952 688,837 3,512,325 25 3,375,223 5,822.372 50 82 323,721 1,489,407 6,038,251 25,423,740 4,213,433 50 106 65. 215. 100 90 Bank a 100 N[o J 185,945 4,837,125 3.000.000 ... 632.500 t 49.558,110 (100 1,000,000 First A Mer Nat Bk. 3.000.000 200.000 80.000 k 100 225" 245"" Mech A Mer Bank. 335 355 State-Planters A Trust Co: 100 130 195 216" 41,694,710 326,993 6,691,025 5,335,151 100 280 300 Sav Bank A Tr Co.. 30 250 117 118 25 33 34* 100 10 10 7H 10 10 N 50 100 re cent 100 sa les 155" 200,000 Southern Bk A Tr Co Virginia Trust Co.. ol,100.000 . 100 140" 100 90 5.140,708 /100 1100 95 105 20 36 38 20 10 25* 27* 20 47" "55" 100 Bank Common 19 17 12«i [100 '75" 15 110 101,158 , 100,000 200,000 533,811 313,879 5,342,408 3,981,829 500.000 Bank. 600.000 Central National Bk. Consol Bk A Tr Co.. 100 100 Port Arthur- Merchants Nat'l Bk. Bank of Comm A Tr 110 26,750,291 37.499,690 9,157,312 27,433,524 100 240 Roanoke— 335.000 315.000 Common—.— 4165" 100 Preferred 1.500,000 200.000 25 50 Riohmond— 160 2,064,046 262,507 762,136 433,113 600.000 Guardian Trust Co.. Houston Land A Tr. al.500,000 Ban Jacinto Nat Bk- Preferred..—- 250.000 449,000 a 14,664,350 J100 1125 1.000.000 Fidelity Trust Co— Portsmouth— American Nat Bank. Oltlsens Trust Co.. Merch A Farmers Bk 1,517,292 2,600,287 281,699 1,250,000 1.000,000 Second Nat'l Bank.. Nat Bank of Comm. a3.000.000 al,000.000 State National Bank Union National Bank South Texas Com¬ mercial Nat Bank. 30 1100 330,875 367,500 -— 27 UOO |1,555,614 2,125.000 Preferred.. Houston Nat Bk— o 100 20 12,136,985 I 50 100 PetersburgCitizens Nat Bank.. 100 .. cent sales 100 50 7H I 9 I 353 X 5 100 Norfolk— Petersb Sav & AmTr First Nat BankCommon.. 100 8,888,198 9,528,234 700,535 City National Bank. Common Preferred I 100.000 300,000 349,000 250,000 2.500.000 Seaboard Citz N Bk 1,500,000 162,100 Southern Savings Bk a 41 Lynchburg Tr Ac S B. Mer Ac Mec Sav Bk_. 39 re National Bank... /138 5 81,198 83,125 455.106 Loan Nat Bk of Commerce U S National Bank.. I 132 * 100 Merch At Planters Bk 1,500,000 il.790.355 900,000 3.947 15,420 87,977 a 235.000 Union Bank & Tr Co — City National Bank. First National Bank. I 146 100 600,000 500.000 First National Bank. Lynchburg Nat Bank A Trust Co People's Nat Bank.. Depositors Industrial Com'l Tr & Savs Bk: 1,500,000 Common First National 100 14,826,303 35.342,732 Preferred ----Fraternal Bk A Tr Co Common... Preferred share. 100 Ask Nomi nal. Per share* j 798,442 16,895,8^8 Oolonial-Amer Nat B First Nat Exch Bank Mountain Trust Bk. 500,000 1.000.000 800.000 337,511 625 100 100 Ban AntonioAlamo National Bk: Common. .... 930.000 Preferred Bexar Co Nat BankCommon 130.456 200,000 I 100,000 1.200,000 1 222,469 ........ Preferred..-----Frost National Bank Groos Nat Bank- 350.000 I 125,000 Preferred Nat Bank of Comm. al .000.000 National Bank ofFort 100.000 Sam Houston Ban Antonio Nat Bk a 383,900 South Texas Nat Bk- 2,699,591 f 50 I 50 34,985,202 100 5,320,742 (100 98,216 Common........ J100 135 120 UOO 1100 789,277 21,209,456 100 50 40 Common.. 1.547,482 4,387,953 100 100 dlOO Waco— Oltlsens' Nat Bank.. First National Bank. National City Bank 288,624 3,787,221 Per . 145 50 '175" Peoples N B of Wash- 250 115 8,000,000 2,500,000 2.600,000 1.350.000 297,266 454,853 69,529 7,930,321 9,877.768 100 50 100 175 160 68 200,000 University Nat Bank Seattle Tr A Savs Bk 100 250.000 925.000 100.000 400.000 550,000 4,739,596 138,741.009 3.534,425 71,433,460 1,137,296 22,139.492 770.043 24,337,330 2,620,596 103,649 5,819,520 123,369 7.567,738 590,124 Spokane— 811,859 75 100 497,450 550,000 530,395 450,000 5,487,675 97,970 Common Preferred a Dec. 31 Nomi nal. Seattle— Seattle—First Nat Bk Nat Bk of Commerce Pacific Nat Bank. Sumitomo B of Seattle 300,000 ...... Institutions State WASHINGTON 110 95 ' 50,277 100,073 National Banks Dec. 31 d50 230 *266" First Nat Bk In Spok Old N BAUnTOo. a 200.000 581,567 al ,425.000 a 780,000 20 25 190 20 100 30* "141"" share- 31* 30 144 32 20 21 "25" 100 58 r 62 100 20,288,065 1100 UOO 100 7,724,322 1,042,666 214,061 Washington Trust Co : & o re cent sa les Tacoma— Nat Bank of Wash. Paget Sound Nat Bk I I National Banks 180 165 17 19 State Institutions Dec 31 UTAH Dec 31 100 25 18,013,448 6,190,020 Nomi nal. Per Ogden— 89,689 1,200,264 6,274.562 20,222,138 13,453,154 100 100 Salt Lake City— □ontl Nat BtATr Op First National Bank Utah State Nat Bank a a a Walker Bk A Tr Co: Common 300.000 60 646.324 165 100 100 180 200 185 200 100 110 125 90 95 27,556,989 Dec. 31 a VERMONT 310,000 h 200.000 204.500 474,518 230,700 153.652 Burlington— a 668,505 450,365 80,927 235,114 491.500 600.000 150.000 al .085.961 Montpelier— >a Common. a 407,500 u 150.000 1 180,000 ' 100,000 614,951 Preferred \ 40 3,504,814 2,737,242 1,921,880 100 100 0 re cent 100 100 sa lea Say a share. Half Dollar Trust A Sav Bank Nat Bank of W Va_. Nat Exchange Bank. 1 So Side Bk A Tr Co. 100 Security Trust Co.. Wheeling Dollar Savi A Trust Co 6,166,532 5,844,441 100 100 N 40 re 100 sa 1,156,955 100 4,982,331 a 100 449,606 600,000 500.000 100.000 300.000 71,840 25 583,000 518,080 147,106 726.035 1,554,810 4,813,379 4,735,016 l,108,8b6 4,892,252 1,800,000 2,430,561 18,347.681 208,356 2,466,039 2033,75 88,342 224,281 20 • Uoo 1,903,084 1.322,765 30 25 Sale a Common and preferred 272.915 131,878 100 Member of the Marine stock or debentures j 121,055 153,865 165""" 80 95 275 305""" 100 140 150 outstanding. Bancorporatlon. 2,841,560 1,027,284 10 e Member of the Northwest Bancorporatlon. 100 N re 100,000 125,000 a256.500 "75" 100 100 100 price. b Member of First Security Corp. d Preferred stock retirement price. 150,000 100,000 85 f Stock of South Texas National Bank of San Antonio, Texas, all held by Central Securities Co. with exception of directors' qualifying shares. 2.698,870 flOO Rutland— - 100 75 les 100 81,332 474,972 cent 3,347,914 150,000 o 841,833 100 Mutual 150 115 N 21,114,346 2,862,664 s 471,265 600,000 Center Wheeling Oltlsens Co share» 25 4,999,386 /100 Wheeling- State Institutions Dec. 31 c 21,002,043 J J1,003,005 306,777 500,000 1 100.000 1,305,066 1,000,000 76.582 200.000 267.954 500.000 Common Capital notes Per People's Nat Bank-. Quarry S Bk & Tr G< Per 1.062.500 650,000 — Kanawha Valley Bk. Nat Bank of Comm Central Trust Co—- Nomi nal. Barre— Granite 8 B A Tr C< Nomi nal. Charleston— Charleston Nat Bk: Common KanawhaBkgATr Co 1 National Banks Bam.WEST VIRGINIA »*£ 70 190 400,000 ' Capital notes |jV» 1,070,503 244,844 16,814,264 13,466,732 14,347,521 2.764,830 773,610 1.500.000 1 . . 900.000 750,000 750.000 1,000,000 Elan's Sav Bk A Tr Utah Sav A Trust Co share. 100 100 329,598 834,707 ^ Commercial Sec Bk a 545,000 First Security BkNA a1,000.000 cent h Dec. 31,1936. 3,171,001 [100 sa les i Member First National Corp. 1100 2,041,072 100 o k June 30,1937. I Last sale. n o r s Preferred stock retired. \ Controlled by the Joseph F. Meyer interests, Member People's Corp. Trust funds. u Reserves. x Ex-dividend. ' , March, 1938] BAMS National Banks Capital La Crosse— Surplus & Profits Cross Deposits State Bk of La Crosse $ 268.096 43.064 267,470 159,430 4.852.747 1,237,424 5,759.552 2,746,914 200.000 Nat Bk or La Crosse. Par Ask Bid Nomi nal. Per share. % 500,000 al25.000 400.000 100.000 Batavian Nat Bank. Exchange State Bank 110,747 122,034 119.777 2,169,777 6,053,188 3,078,524 $ 20 e 20 23H N o re cent sa 100 20 100 les Milwaukee— Amer State Bank Badger State Bank Olty Bank & Tr Co d 600.000 350.000 a 111 COMPANIES State Institution» Dec. 31 WISCONSIN Dec. 31 TRUST AND 20 d 100 1 1 HO 1© "40" Surplus & Profits Capital 21 19 Gross Deposits Par Halifax- % * S Bank of Nova Scotia 12,000.000 24.000,000 243,623,325 Bid Ask cent. 100 Per 298 cent. First Wise Nat'! Bk Common 6.000.000 16,201,197 190,853,206 8,500.000 a360.000 125,416 1,982,337 100.000 49,193 1,656,430 . Preferred Home Savings Bank. Kilbourn State Bk.. Lincoln State Bank: Common 100.000 I 35,906 300.000 2.200.000 2,183,105 Income debentures Marine Nat Exch Bk Marshall A Haley Bk a2.985,000 Mitchell St State Bk. 0 598.000 Northern Bank..... Park Savings Bank State Bank of Milw Teutonia A veStateBk West Side Bank Wisconsin State Bk. First Wise Trust Co. 100.000 539.500 12,702 23,432 115,979 550.000 466,700 400.000 300.000 1.000.000 ' 16 20 20 34,695,444 l 100 20 f 1 • \ ONTARIO 1 1 1 Toronto— 43,344,842 2,138,116 1,740,904 1,821,625 "166 2.050,722 CO N 34 20 51,634 83,200 855.053 234,655 721,698 a 1 1,601,732 20 1,364,589 5 4H {.!. 20 18H 9.000.000 118,514,037 100 Per 250 100 162 164 21 100 224 220 230 100 of Toronto— 6.000.000 100 7 12 200 31 6 1,983,546 20 9 100 20 150 27 QUEBEC 100 Montreal— Per Bank of Montreal 100 Banque Canadlenne. 100 86.000,000 39,000,000 697,817,668 7.000,000 5,000,000 128,072,143 BarclaysBk (Canada) 1.500.000 750,000 13,264,952 Provincial Bk of Can 4,000,000 1,000,000 46,319,841 Royal Bk of Canada 35,000,000 20.000,000 701,974,051 _ • National Banks 100 100 100 no par 250,000 300.000 290,263 262,613 6,432,285 7,857,512 163 113" iir 176 H 177 Common and preferred stock debentures outstanding, c June 30, 1937. d Unit of the Wisconsin Bankshares Corp. Per share. American Nat Bank. Stock Growers N Bk. cent. 202 stock. a Cheyenne— 200 161 Sale price. t Wisconsin Bankshares Corp. WYOMING Dee. 31 255 "45" "55" 4,645,536 3,896,860 3,876,872 Bank Can Bank of Comm. 30.000.000 20.000,000 528,276,596 Dominion Bank 7,000.000 7,000,000 119,409,236 Imperial Bank of Can 7.000.000 8,°00,ono 122,953.594 100 e 100 Member of the Northwest Bancorporation. I Last sale. x Ex-dividend. Joint Stock Land Bank Bonds and Stocks Quotations are for the last day of the month preceding the date of issue. Bonds Atlanta Bonds. 3s Atlantic 3s ............ Burlington 5s ......... 100 100 50 Bonds and Stocks. Illinois Midwest 5s Iowa of 81oux City 4 H* Lafayette 5s.. 86 93 99 H ... 50 California 'dalZZZZZZZllll'. Central Illinois 5s Chicago 4Ms and 4H«"—5s and 5 Ms. Dallas 3s ...... ............. Denver 5s First Carolines 5s_ First of Fort Wayne 4Ha.. First of Montgomery 5s First of New Orleans 5s First Texas of Houston 5s.. First Trust of Chicago 4 Hs. 102 30 6 100K 95 102 99 100 100 101 101 Fletcher 3Hs............. Fremont 4 He.. - Greensboro (N O) 3s. Greenbrier 5s / Flat price, x Ex-dividend. 98 H Lincoln 102 102 H 72 73 100 100 Virginian 3s Virginia-Carolina 3s. 74 5Ks. 73 6 102 Southern Minnesota 5s. Union of Detroit 4Hs 72 100 98 Louisville 5s New York 5s North Carolina 5s Pacific Coast of L A 5s Pacific Coast of Portland 5s..... Pacific Coast of Salt Lake 5s Pacific Coast of San Francisco 5s_ ...... s....... Atlantic 55 Ohio-Pennsylvania 5s...... Oregon-Washington 5s Pennsylvania 3 STOCKS Atlanta 99 X 99 Denver Dallas 101 100 Des Moines. 100 H 100 H ..... First Carolines Freemont Lincoln New York 100 99 ....... Par ..100 .100 ..100 .100 45 50 40 50 ..10b 45 ..100 . 100 Phoenix 4Hs 105 107 North Carolina 106 H 100 26 108 H 101 Pennsylvania Potomac Potomac San Antonio ..100 -100 99 H 100K 80 Virginia Virginia-Carolina 3s St Louis 4Hs and 5s. San Antonio 3s Southwest 58 77 ........ ........... 78 22 2 25 55 5 1 11 3 13 52 22 26 70 75 ..100 ..100 -100 ..100 ..... 75 5 -100 1H 40 IX 74 53 45 IK ■mmmm 113 Quotations are Bonds. Bid. AJbany Metropolitan 5-6s 1949-Alden 6s 1941 bonds & ctfs J& f 1945—F&A f as near as Ask 63 65 31 Allerton 55th St 5 Vis Allertou N Y Corp 15V5 Debenture 2-4s 1963 J&J Ambassador Hotel (Los Ang)— Non-cum inc. 3-5s 1950 A&O Amer Insur Un Bldg 6s '41-M&N Arcade Bldg & Rlty «Seattle)— 3-6s 1948 J&J f f f f Arcady-Wilshire Co (Los Ang)— Non-cum inc 5s June 11949J&J f Arrowhead Lake— 1st 7s 1944-1947 J&D f Assoc Chain Store Realty— 1st mtge coll 5 Vis 1957—J&J Cum income 6s 1957 A&O f non-cum Baker Hotel <Dallas) 1st s f 5s 1950 (with stk) 65 44 17 92 56 67 45 Vi 37 40 29 295* 20 23 50 60 -F&A Baumann (L) 6 Vis '36 6s (Brooklyn) 1942 (L I).A&O f F&A i Bellevue-Stratford (Phila)— 5V*s 1935 J&D Benj Franklin 6s ctfs 1933 Berkeley-Carteret 5 Mb '46.M&N Bing & Bing deb 6 Vis 1950-M&S Income 7s 1950 w-s M&S 1st. 2d 1956 30 31 32 60 ■ ( 36"" 102 Vi 53 Hotel Taft Corp (N Y O)— 9Vi 21 45Vi 11 23 48 Vi 30 ..... 8* 23 22 22 41 63 23 42 Vi 65 35 35 11 1st 6 Vis 1943—-F&A Keith Memorial Bldg 6s 1943 Lake Sh Ath Club (Chic) 6Vis '45 / LaSalle Wacker 5s fixed 55 75 (Boston) 80 J 55" 50 55 |2H Lefcourt Manhat Bldg— 1st 4-5s exten to 1948 69 62 36Vi Lefcourt State Bldg— Extend 1st 4-6 V*s 1948 Lewis Morris Apts 6 Vis 1937 12h Lincoln 42d St Corp— 2nd income 6s 1949 101 91 103 Vi 103 Vi 50 12" — Columbus Venetian & Stevens— 94" 93 / „ 31 7Vi / M&N f / / 97 Vi 33 Vi 24 26" 27 29 28 "75* 34 / / f / Eppley Hotels 1st sf 3-5s 1951 J&J Equitable Office Bldg 5s 1952.... Lombardy (The) 6s 1942 M&N London Terrace Apts 6s *40 M&N / Lord Bait Hotel g m HVis *45 A&O / Lord Nelson Hotel s f 4s '47-M&N Lords Court Bldg 5Vi» 1942.J&D / General 7s 1941 J&Djf Madison Inc inc 6 Vis 1957..M&S f / Majestic Apts 6s 1948 , Manhattan 1st 6s 12 18 17 27 20" —— 26 72 42 41 43 60 70 41 38 7K —— 25Vi 28 Vi 29 —. s f 6s 8V* IVi 27 30 6Vi 60 70 73 Metropolitan Corp (Can) 6s 1947 Metropolitan Playhouses— Debenture mtge 5a 1945—F&A Munaon Bldg (N Y) 6V*q'39.M&N / Nat Hotel of Cuba 6s 1959.M&S / Nat Press Bid 3-5s 1950 (ws) Adjmtge inc Apr 15 4 Vie 1950- / NatlTower Bldg 6 Via 1944 A&O / Neisner Bros Realty, Inc— Conv s f deb 6s 1948—.J&D15 N Y Athletic Club Bs 1946 A&O / 1st mtge 2-5s 1955 J&D / N Y Majestic Corp 4s (whs) 1956 5 Vis 1937 New York Title & Mtge— *5 Vis series B-I l5Vis / series B-K / series 02 / series CW-1 / series FI / series Q / Walnut St (Phila) 6s 1939. / ... 58 5Vis 53 J 5Vis 5Vis 6 Vis 26 30 19th & 5th Ave & 29th St Bldg 6s 1948— 5th Ave & 55th St Bldg 6 Vis 1945. 15 Park Row 4s w s 1952 60 B'way Bldg 3-6s 1946 M&S 51 Fifth Ave 4s 1943 A&O 52d & Madison Ave 6s 1947 55 Fifth Avenue 6s 1944-..M&N 600 Fifth Ave 6Vis stamp 1949.. 1500 Walnut Corp (Phila)— 39 51 41 89 76 78 21 22 Vi - 1st 6s 1950 1512 Spruce St (Phila)— 1st mtge 6s 1943 A&O 40 Exchange Place 5 Vis 1956.J&J 40 Wall St BJdg 1st 6s 1958 42 Broadway Bldg 6s 1939--.J&J 48 West 48th S^Bldg 6s 1936... 1400 B'way Bldg 6 Vis stm-1948— 1410 B'way Bldg 3 Vis 1941-A&0 Fex Det Theatre 6s 1942 —A&O Fox New Academy of Music 1st leasehold 6 Vis to 1941.M&S 1 Flat price, n Nominal, H* 53 36 38" / / / / 43 35 45 98 Vi 54 Vi 100 58 90 87 90 62 Vi 26 Vi 3Vi 64 28 23 26 / / 10 13 8V* 45 61 / / / f 17 * 19 3BVi -.4— 32 5 80 k Last sale. "svi 14V4 102 59 5Vis stamped 1961 5Hs unstamped 1961 Income 5s 1943 J&D / 1945. J&D / North Station Indus Bldg (Bo»n 1st m s f 5s 1962 ...A&O M&N / One LaSalle St Bldg 6s 1949 J&J / One Park Av Bldg 6s to '39-M&N 2d sf 6s 1951 M&N 103 East 57th St Bldg 6s 1941 110 So Penn Ave (Atl City)— 6s 1944— .—J&D 165 Broadway Bldg 5Vis '51 F&a / General s f 7s 1941.. F&A / 170 Broadway-Maiden Lane Bldg 6 Vis stamped 1949 Orpheum Theatre & Realty— 2-6s 1946 .—M&S/ Palace Hotel(San Fr) 5s '45-F&A / Pantages (Alex) 6s to 1947.M&N 50 41 55 Vi i 77 Bldg(Denv) 3-5»'49.M&S Properties— 54 M&S 1959 55 5Vi 6Vi 20 22 72 75 50 V* Roxy Theatre 6V*® 1940 —..A&O Russ Bldg. (San Fran.)6s '51 F&A Kusseks 6th Ave Bldg 6s 1944... St Charles Hotel (Atl Cy) 4c 1945 30 9Vi 5 Vis 1938 A&O Savoy-Plaza Corp 6s 1946..J&D 1st s f 5Vis 1945 J&D 20 13V* 13 V* 13 V* 27 29 13V* 11 Vi 13 Without com stock J&D 6s debenture 1951 J&D Sevilla-Bilt Hotel 7Vis'37-M&N 24 26 6 10 12 Vi Sherneth Corp— 3-5 Vis deb inc (w s) 1956 60 Park Place Bldg 3 Vis-5s..l947 19 20 Ji 13 5 40 Sixty-one Broadway Building 3 Vis 1950 with stock A&O Income 3-3 Vis stpd 1955 616 Madison Ave Bldg 6 Vis 1938. Social Service Bldg (Phila) 6s Southern Hotel (Memphis)— 6s 1953 J&J Speed Building (Louisville, Ky). 38 Income 5s 1945 oi* 40 2V* 25Vi - 102 4 27 Vi 82 103 50 M&N Stanley-Mark Strand 6 Vis 1941 Stanley Real Est 5Vis '45 -J&D State-Randolph Bldg (Chicago)— 5 Vis 1942 M&N / Steuben Bldg (Chicago)— 87 84 Vi 86 Vi 10 11 Vi 7 3 M&S 6s 1945-J&J 113 Certificates of deposit Income 5s W-S 1956 Stone & Webster Bldg (Boston)— 113 _! 1947 Strauss-Manhat 99 conv 6s '33.J&D Syracuse Hotel 6 Vis 1940 Taft Realty (New Hav) 6s'40A&0 Income 3s w-s 1951 10 East 40th Street Bldg 5s 1953- 101 62 20 25 22 24 83 79 Non-cum inc 6s 1958 M&S 1088 Park Ave Bldg 6s 1939 Textile Bldg 1st 6s 1958 M&N Gen 7s s f w w 1948 24"" 23 M&S 5 M&N 7 37 37 2 39 38Vi 39 5 68 1st 3-5s (w s) 1958 M&N Textile Crafts Bldg 6s w s 1944— 37 Vi 14 Vi 44 48" Trinity Bldg 5Ma 1939 .J&D Trinity Court Bldg 4s 1941 .M&S Stamped Unstamped Park Ave Bldg 4s 1946 23 Lexington Ave 2s 1950 29th St Towers Bldg 3s 1942 2124-34 Bway Bldg 5V*s —.1943 2480 Bway Bldg 2d mtge 3s 1944. Tyler Building— Gen inc 6s July 1 1953 (w s) Un Post Off 5 Vis 1948—Ann Apr U S Realty & Impt 6s 1944 54Vi 81 25 27 25 27 28 Vi 30 45 463 ... 98 13" 46 Vi 49 V* sivi Vanderoilt Ave 40 42 Vi 22 Vi 1st leaahold 6Vis 1944..J&J 15 / Van Sweringen Co— 1st 6s 1935 F&A / 26 45 50 35 41 80 -> i • ICO IT* 1 71 1st & ©oil s f 6s 1938 A&O / Van Sweringen Corp 6s May 1 '35 / Varlck St Sta P O (N Y) 6s 1941 3Vi 5M 10 Vi 12 Vi 12 Vi 10 Vi IV* 2V* 63 Wabash-Monroe 60 93 56 60 Bldg 6s 1953 J&J Bldg(N\5 OS '53 A&O Walbridge Bldg (Buff)6Vis 1938.. / Waldorf Astoria 7s w W1954-M&S Non-cum inc 5s 1954 M&S 78 44 Vi 10 g* 43 42 mm 20 V* 19 Corp— 1st A Vis w-s Nov 1 1951.J&J Warner Bros Hollywood Thea— 24 Vi M&N Washington Properties inc 7s 1952 f Westlnghouse Bldg 4s 1948.A&0 / 84 White Motor Realty 6s 1940—— Woodbridge Bldg 5V*s '41—A&O 7s 1940 -A&O Vi --mm 17 Vi ; n« 1st 6 Vis 1941 , 1 ICO 100 Bldg Corp— Wall & Beaver Sb 69 35 64 41 Wadsworth 60 39 14 38 35 22 101 56 24 44 20 101 98 .... 32 V* 33 58 7 1st 6s 1943 16 60 Vi 48 .. 1st extended inc 5s 1950.-J&D Realty Assoc Sec Corp— Repub A* 70 70 Quincy Station P O (Chicago)— 6s May 1 1941.. JVD Retail 19 30 8 104 66 Olympic Hotel (Seattle)— 32 Vi / J* ..... Oliver Cromwell 6s 1939- 46 30Vi ... 5 Vis 1943 1st cum income 5 Vis > Provident Loan Society 6 % ctfs.. Prudence Company— 5s 1900 Rittenhouse Sq (Phila)— e 36Vi 16Vi 24 Vi - 6s 1943 Stevens Hotel (Chic) 52 Vi F&A 50 25 / 8 26 — 1st 87 M&N 1948 56 40 33 6 25 ■ . 5 V* M&S F&A Legended 1952 Ferry Sta P 0 (San Fr) 6s 1934-- / Film Center Bldg 6s 1943.-A&O / 5th Ave & 28th St Bldg 6 Vis 1945. / Deb 5s 31 Pennsylvania Bldg 6s 1939 .M&N Philip Schuyler 6s serial Pierrepont Hotel 3-4s 1951 Pitts Hotels Corp 1st 5 V*s '48M<5kJ Mtge cum inc 5s May 1962 Conv cum inc deb 5s May 1967 Voting tr ctfs for common Poll New Engl Theatres 6s. 1958 Gen Income 5s 1983 M&N Sbelburn.lnc(AtlOy)tiVi»'40-J&J 68Vi 60 Vi Towers— 1946 conv 60 40 N Y Postal Service Station— If* 1st mtge leasehold sf 3s *64. J&J Park Place Dodge Corp 5s vtc *52 3s with stock 1956 Schulte Real Estate 6s 1935— With stock J&D 24 70 88 V* Office Bldg 6s. 1941-M&N Loew State Bldg (Los Ang) 6s *42 Loews Theatre Rlty 6s '47 M&fllft 60 24" St Louis Post Offices— / & Marcy (The) 6s 1940-Mark Hopkins Inc— 1st income 6s Feb 1 1952 Marshall-Wei Is Buildings— 46 Vi 1st 6 Vis 1947 F&A 55 Mayflower Hotel ( D O) 5s 1950— Mercantile Arcade Bldg (Lob Ang) 1st s f 5Via 1953 9Vi J&D / 11 Mercantile Properties. Inc— 55 Sec sfSVis 1946— J&J Merchants Nat Prop 4s 1958(w s) / Metropolitan Chain Properties— 33 6M ——F&A / 93 Vi 85 60 / J Lincoln Mtge & Title— Guar 5 Vis ctfs of deposit Loews Midland Theatre 1st f 3V*-5s_—1940/ / 17 „ 54 Income 3s-5s (w-s) Sept 1955— With beneficial interest ctfs f 96 ...... ... m !S* income deb 6s ser B 1959.M&S Robert Treat Hotel (Newark) 6s 1943 J&J 55 A8k. 21 Deb 5s series A 5s 1947 F&A Insurance Exchange Building 51 15 18 100 88 Eastern Ambassador Hot 5 Vis '47 Edgewater Beach Apts 6s to '43.. 11 Park Place Corp 4s 1948 11 West 42d St 4s 1945— -M&N 80 Broad St Bldg 6 Ma 1950.M&S 80 Broad St Inc Is Nov H1951— 80 John St extd 4s 1950——A&O 49 Vi , 66 Bryant Pk Bldg (NY) 6Vis'45J&J / 25 Budd Realty 6s June 1941—J&D 102 Vi 102 M 6s Sept 1941.... M&S 48 Vi Bush Term Bldg 1st 5s 1960.A&O Butler Hall 4-5s 1947 57 J&J 41 Cambridge Court Apt 6 lis 193710 Cent Manhattan Props 5s'46M&S Central Zone Bldg inc 6s, 1941 / 53 90 Century Parkway 6s 1956 Chain Store Depot 6s 1940-.M&S 90 Ohanin Building— 54 1st Leasehold inc 4s 1945-M&S / 17 Vi 2d Leasehold inc 2s 1945.M&S / 3d Leasehold inc 1st 1945.M&S / 6Vi 52 Chesebrough Bldg 6s 1948--A&O 91 Vi Chicago Evening Amer 6s 1936-. ChicHerald & Exam 6 Mb '50 M&S 83 Vi Cigar Stores Realty Holdings— 5 f dep 5Mb 1949 ser A J&J / 44 Vi Circle Theatre extd 6s 1946.M&S f 50 Cleve Term Bldg 1st 6s 1941.J&J 8 Vi f Stamped9Vi Unstamped f Cleveland Theatre gen 5s 1944— 52 Colonial Apartments 6s 1937 Dorset (The) 6s 1941 ctfs Drake (The) 6s 1939 - 58 20 33 101 Vi 64Vi Income 5 Vis w s 1963 Davidson R'lty 6s w w 1940 A&O Detroit Hotel 6V*s to 1941—M&S / 80 25 28 29 30Vi Hotel St George 4s 1950 Hotel Syracuse inc 3s 1955 47 93 (The) 6s 1941 s 6s 1st fee & leasehold 1942 / / / / 42 20 M Bklyn Fox Corp inc 3s Oct 1 Brown Hotel (Louisville)— 1st sinking fund 5s 1949.. RBldg Corp 1st J&D George Washington Hotel 6s 1944 Certificates of deposit Granada Apt Bldg 6s 1938—M&S Grant Bldg (Pittsb) 7s '47-- F&A Graybar Bldg (East Offices inc)— 1st m leaseh 5p 194fl__ J&D Greeley Sq Bldg 6s 1951——Feb BarrlmaD Bldg tie 1961 M&N Hartford Times deb 4 hs *51 M&N Hearst Brisbane Prop— Lawrence Hotel (Erie, Pa.)— 6s 1948 M&S/ ----- Congress Square Hotel (Port Me) 6 Vis 1946 M&N Court & Remsnn Sts (Brooklyn) 6s 1940 A&O 40 Vi 35 85 27 31 J&J Gair Realty Corp 5s 1948 Hotel Lexington 4s 1955—M&S f Hotel Sherman (Chic) 5Vis'46J&J f Hotel Sherman Inc 1st 5s 1957 f 44 J&J Bway Mot Bldg «N Y) 6s '48 F&A Bway & 38th St 7s 1945 J&J Bway & 41st St Bldg 3-5s 1944— Broadmoor unstpd—J&J / Units .. 37Vi Paramount Bway Corp.— 1st M s f 3s loan ctfs 1955 F&A Park Central Hotel 6s ctfs 1935Park Cresent 1st 6s 1940 M&S Park Lexington Co Inc— _ 1st s f 5V*s 1949 6s 1944 38 38 265* 5Vi — 6Vis July 1 1938 B'way Barclay Office Bldg— 8Vi 10 Vi Herald Square Bldg inc 6s 1948— / lstsf income 5s May 1 1948_— / Hotel Governor Clin 6s '48.A&0 f 29 Bait Parcel Post 5 Mb 1949 Boston Postal Service 6Vi 5 Bid. Bonds. Ask. 76Vi inc 6s 1957-M&S f Assoc Realty Bldg (Los Angeles) Income 5s 1948 J&J f Adj 90 54 Bid. Bonds. Fox Theatre & Office Bldg 1st s f 6s 1941— _—M&P / Fox St Louis Theatre Bldg— 1st s f6Vis 1942 \&0 / Fuller Bldg (OAF Realty Corp) . 53 New cum income 2-Qs 1955 f Allied Owners Corp 1st income 4-5s 1958 J&J f possible for the closing day of the month preceding the date of issue. 43 Vi 69 100 Vi 26 87 44 Vi — 40 50 50 60 mm