View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

^

*

BANK
REQ.

U.

3.

PAT.

OFFICE

New York Stock

Exchange
Boston Stock Exchange
Baltimore Stock Exchange

New York Curb

Exchange
New York Produce Exchange
Chicago Stock Exchange

Pittsburgh Stock Exchange
Cleveland Stock Exchange
San Francisco Stock Exchange

Philadelphia Stock Exchange
Los Angeles Stock Exchange
Detroit Stock

Exchange

INDEX TO STOCK EXCHANGES
PAGE

N. Y. STOCK EXCHANGE—BONDS

18

N. Y. STOCK EXCHANGE—STOCKS..31

NEW YORK CURB EXCHANGE

NEW

YORK

PRODUCE

41

PAGS

BOSTON STOCK EXCHANGE

60

CLEVELAND STOCK EXCHANGE....62

CHANGE

BALTIMORE STOCK EXCHANGE

63

DETROIT STOCK EXCHANGE

EX¬

64

55

LOS ANGELES STOCK EXCHANGE.__65

CHICAGO STOCK EXCHANGE56

SAN FRANCISCO STOCK EXCHANGE.66

PHILADELPHIA STOCK EXCHANGE.59

PITTSBURGH STOCK EXCHANGE...68

INDEX TO GENERAL

QUOTATIONS

PAGE

REVIEW OF

PAGE

1

TEXTILE MANUFACTURING STOCKS.

MARCH

STEAM RAILROAD BONDS

69

NORTHERN

STEAM RAILROAD STOCKS

73

SOUTHERN MILLS

86

CANADIAN MILLS..

86

INVESTMENT TRUST ST'KS & B'DS.,74

MILLS

..86

JOINT STOCK LAND BANK BONDS...91

MINING STOCKS

JOINT STOCK LAND BANK STOCKS..91

INSURANCE STOCKS & SCRIP...86, 112

.....86

92

REAL ESTATE TRUST & LAND STKS.87

Ill

TITLE GUAR. & SAFE DEP. ST0CKS..87

FEDERAL LAND BANK BONDS
REAL ESTATE BONDS

PUBLIC UTILITY BONDS

75

U. S. AND MUNICIPAL BONDS

92

PUBLIC UTILITY STOCKS...

80

CANADIAN MUNICIPAL BONDS

94

INDUSTRIAL & MISCELL. BONDS....83

FOREIGN GOVERNMENT BONDS....93

INDUSTRIAL & MISCELL. STOCKS...87

BANKS AND TRUST COMPANIES...101

EXCHANGE SEATS

CANADIAN BANKS.

85

112

-A/prdLl 8, 1932

WILLIAM




B.

William

DANA

COMPANY,

Street, Corner

of

PUBLISHERS

Spruce Street, New York.

Investment Service For Institutions
Through
offer
be

an

our

offices in important cities in the United States and abroad, we

Upon request

experienced investment service to institutions.

pleased to

submit

we

shall

comprehensive list of carefully selected Government,

a

Municipal, Railroad and Public Utility Bonds which we recommend for investment.

Chase Harris Forbes
Corporation
The Chase National Bank

SO Cedar Street,

..

•

Building

New York

public utilities

REAL ESTATE BONDS....

industrials

Our files contain quotations on approximately 2,000
Real Estate bonds.

rails

We invite your inquiries on any

Realty bonds in which you may have a current interest.

HANSON HANSON
&

banks

ESTABLISH FD

insurance

investmentTrust




1912

Members Association of Bank Stock Dealers
Unlisted Securities Dealers Association

25

Broadway, N. Y.

SAFE DEPOSIT & TRUST CO.
OF BALTIMORE
Chartered 1864

Capital $2,000,000
Acts

Organized 1867

Surplus & Profits Over $4,870,000

Trustee of

Corporation Mortgages, Fiscal
Agent for Corporations and Individuals, Transfer
Agent and Registrar.
Depositary under plans of
as

reorganization.
Acts

Executor, Administrator,
Guardian,
Receiver, Attorney and Agent, being
especially organized for careful management and
settlement of estates of every character.
as

Trustee,

SECURITIES HELD ON DEPOSIT FOR OUT-OF-TOWN
CORPORATIONS AND PERSONS.
DIRECTORS
H. WALTERS
WALDO NEWCOMER
NORMAN JAMES

SHOEMAKER
BLANCHARD RANDALL
G. BAETJER

SAMUEL M.
EDWIN

JOHN J. NELLIGAN
JOSEPH B. KIRBY
ROBERT GARRETT
J. EDWARD JOHNSTON
HOWARD BRUCE
MORRIS WHITRIDGE

I

OFFICERS
H. WALTERS, Chairman of Board
NELLIGAN, President
ANDREW P. SPAMER, 2d V.-P.
JOHN W.MARSHALL,Asst.to Pres. JOSEPH B. KIRBY, 3d Vice-Pres.
H. H. M. LEE, Vice-President
WILLIAM R. HUBNER, 4th V.-P

JOHN

J.

George B. Gammie
R. S. Opie
- Asat.

I. Campbell Connor
Asst. Secretary
- Treasurer
V.-P. & Asst. Sec. Roland L. Miller - Cashier & Asst. Sec.

George Pausch
Asst. V.-P. & Sec.
Albert P. Strobel - Real Estate Officer
John W. Bosley - Asst. Treas.& Asst. Sec.

Maurice J. Nelligan,
Asst. Cashier & Asst. See.
W. D. Gill Wrightaon- Asst. Secretary

Edgar H. Cromwell,

Harry E. Challis

-

-

Assistant Cashier

Raymond E. Burnett
Asst. Treas. & Asst. Sec.
Auditor
Asst. Auditor
Troeger Assistant Treasurer Howard W. Baynard •
•
Asst. Auditor
J. Edward Knapp - Assistant Treasurer James S. Asher
Thomas B. Butler Asst. to 3rd V.-P. C. F. Lechthaler Asst. Real Est. Officer
Statistician
Robert B. Chaaman Assistant Secretary Chalmers S. Brumbaugh
Andrew H.

Digby 4-8700

BANK ^QUOTATION
RECORD
KEU.

U.

S.

PAT.

OFFICt.

Copyright in 1932 by WILLIAM B. DANA COMPANY, in office of Librarian of Congress, Washington, D. C.
as Second Class Matter,
March 9 1928, at the Post Office at New York, N. Y., under the Act of March 3 1879.

Entered

1% vouil

new york, april 8 1932.

:

Chairman
The Bank and Quotation Record is one of the publications
Terms for the Chronicle

countries

Alaska;
United

and

of the

are

$11.50
States

$10 per annum within Continental
in

Canada,

Possessions

United

other foreign

$13.50 in

and

Quotation Record is $6.00 a
Foreign postage outside of United States and Canada, 50 cents

extra.

Single copies

are

sold at 75 cents per copy.

DANA

E.C.

tion

of

AND

occupied

of

the

Federal

Government

1932, with the idea of preventing
outcome in the

became the

revenues,

nificance.

situation,

year

of

ending June 30

following outline of the main provisions of the

The $1,096,000,000 additional revenue is expected to be raised
by the

following

(5)

Lowering the price on which

was

a

unset¬

new

the revival of trade for which

TO

THE

TAX

from

revenue

new

some

plainly

sources,

1% billion
task.

On account of the continued shrinkage in Government rev¬

and particularly the income tax receipts, the Treas¬

Department had found it
made
of

the

the

difficulty

previous

shortage,

of the

necessary

December,
this

and

undertaking.

to revise its esti¬

to

as

naturally

In

the

probable

added

statement

a

90,000,000
28,000,000

Excise tax

75,000,000

Telephone, telegraph and radio message tax
Tax

on

-

imported oil of 1 cent per gallon

Mr.

placed
is

to

each of these items is "very,

on

given.
Approved by

In

statement issued on March

a

the

bill,

in

revenue

which the Treasury Department had estimated the
previous

Odgen

L. Mills, anticipates

raising approximately

000."

new revenue

and by reducing expenditures by $125,000,-

Although the bill differs in

be raised

bo

from

sources

"The budget of the fiscal year
that there will be

new

sources

$1,241,000,000, and he

from which this huge amount could

later before the
that will

$118,000,000.

in

framing its

The House Committee

bill,

undertook

to

provide this additional

as

introduced in the House,

provision for raising the full amount which it

estimated would be needed, but the Committee

on

was

Ways and

Means made the mistake of undertaking to raise
nearly half

measure

"explain in

where the trouble
tax was

ment had

rejected
the

arose.

Violent opposition to

manifested from the start.
in its

own

the sales

proposals for

tax, aud

objections to the

same,

The
new

Secretary

this

sales

sources of revenue

Mills had

Cullen

(Dem.), of New York City, had offered

The

but he finally acquiesced in the

action of the Ways and Means Committee,

since he felt it

would yield the revenue counted upon, and he was desirous
of

proposal

Chairman

showing

a

spirit of co-operation with the Democrats

order to get a bill

free
new

from

of

political

taxation bill

was




a

in

non-partisan character and wholly

considerations.

completed

on

The

drafting of

the

March 5 by the Ways and

reason

amendment to the bill

which would have

tax on the beverage of $5

barrel,

a

rejected,

however,

by

a

large majority,

the

Acting

explained.

Although the excise, manufacturers' sales and special excise tax
visions of the

new

income,

the

ex¬

tax would have yielded approximately $300,000,000.

a

was

a

an

measure

new

effect until

repealed

bill will expire on

or

pro¬

June 30 1934, Mr. Crisp explained

corporation, estate and gift rates will remain in

otherwise changed.

tax rates of the bill will be

Sales

None of the

new or

additional

retroactive, the Committee agreed.
Tax

on

Wholesale

Price.

The manufacturers' sales tax, under which practically all manufactured
articles except the necessities
go

of life would be taxed at

a

into effect 30 days after the enactment of the bill.

2.25% rate, would
The tax would be

collected from the manufacturer at the wholesale price, and under the pro¬
lusions of the bill the manufacturers would have 30 days after the effective

date of the tax to pay

Where

law, it

a

was

their first month's tax.

special excise tax is being paid

on any

commodity under existing

explained, the manufacturers' sales tax will not apply.

Broad authority is

given to the Treasury Department to work out

a

method of administering this tax, but a licensing system has been provided

more a

year

shall be licensed and bonded.

doing

a

business of $20,000

Approximately 140,000

facturers throughout the country are to be licensed under this

is

estimated.

The

Treasury, in

or

manu¬

provision, it

administering the manufacturers' sales

tax, must let the manufacturer know in advance what the tax

indicated

sense

few days

detail" each section, and make clear the

in the bill under which all manufacturers

Treasury Depart¬

a

would be reported, as he desires to write a report

every

shortly before the Committee agreed upon the

the

amount, or, to be precise, $595,000,000, by a sales tax
of 2.25% on manufactured goods and
articles, and that is

be balanced in the

the public debt after June 30,

Mr. Crisp said that he thought it "only fair" to state that Representative

Ways and Means,

and the bill,

amount of revenue,

made

on

can now

for the action of the Committee regarding each item.

obtained, this including estimated economies in amount

of

1933

further increases in

no

next," Mr. Mills asserted. Mr. Crisp explained that it would be

that

by $455,000,000, making the actual

from the recommendations

many ways

submitted by the Department, he stated, it has the approval of the Treasury.

December it would be necessary to provide, the amount would

indicated the

Treasury.

5, following the Committee's agreement

the Secretary of the Treasury,

plaining that such

have to be increased

conservative," and that it

very

probable that in nearly each instance the actual yield will be greater than

figures

the

issued

new

100,000,000

Crisp asserted that the estimated yield which the Committee has

indicated

$786,000,000 of

5,000,000

Changes in administrative features to "plug up" loop¬

legalized beer and have placed

of the

35,000,000

holes in the present revenue statute

February, Mr. Mills, the present Secretary of the Treasury,
that instead

admission tax is to be

that "the Committee proposes to cover the deficit by

BILL.

no easy

an

35,000,000

(9)

on

NEW

21,000,000
gift tax

a

Increase in stock transfer tax

(10)

everyone

fervently praying.

DEVELOPS

112,000,000

(8)

to be avoided

apprehen¬

--..--$595,000,000

(7)

would

debt

2.25% rate

(6)

change for the better in the
Government

a

charged

relative insig¬

Unfortunately tax legislation took

so

and increased rates of the bill:

Doubling of estate tax and imposition of

otherwise

OPPOSITION

new

(4)

in affairs

feature

important

Balancing the budget meant providing
dollars of

to

bill, Repre¬

stating orally, according

"United States Daily" of March 5, which also furn¬
the

$1,120,000,000 of

sum

1933 would

deficit of $1,241,000,000 will be more than covered, he explained.

deficit at all in Govern¬

any

situation which

a

earnestly and

GREAT

now

way

new

Increased corporation tax rate

since

further delaying

extent

reported ias

(3)

tling influence in the business and financial world, thereby

ury

was

under

year

possible by the enactment of the

Crisp

was

surplus of $5,000,000

a

Increased income and surtax rates--.-.

regarding the outcome, and thus became

mate,

brought

was

budget with

(2)

unfavorable turn, and this gave rise to grave

enues,

House

repoTt

March 9 and considera¬

A manufacturers' sales tax at

any

up,

pile

above everything else.

so

the

on

during the next fiscal year, and with $125,000,000 which is
expected to be saved in Federal expenditures and $25,000,000 to be saved
by proposed increases to be made in postal rates, the Treasury's estimated

Obviously the budget had to be balanced before

continue to

was

in

A balanced

recommendation for

a

Committee's

(1)

the country could count on any

sions

The

and, indeed, with the purpose

fiscal year,

new

budget

a

running in excess

alongside which everything else paled into

an

delay.

repetition of such an

ensuring the country against

trade

bill

immediately

The bill itself will provide for the raising of an additional
$1,096,000,000

large share of attention

a

$2,000,000,000 for the current fiscal

ment

the

was

of revenue

still

measures

during March, but tax legislation for correcting

of

bill

bill:

FINANCIAL EVENTS.
Relief

deficit

The

Committee, which met promptly and

Treasury by the end of the fiscal

to the

ished

REVIEW OF MARCH—COMMERCIAL

Committee.
the

formally presented to the House

sentative

York.

to

without

passage

be made

COMPANY, Publishers,

William Street comer Spruce Street, New

the

agreed to report it to the House with
its

in the

LONDON OFFICE—Edwards & Smith, 1 Drapers' Gardens,

B.

of

back

March 10.

CHICAGO OFFICE—208 South La Salle Street.

WILLIAM

referred

Territories.

and

The subscription price to the Bank and
year.

4.

Committee, and on Monday, March 7, the bill was
introduced in the House by Representative
Crisp, Acting

Quotation Record

and

Oommercial & Financial Chronicle and is issued monthly.

except

no

Means

Bank

States,

c

on a

specific

article is to be, so that the manufacturer will have that information before
him.

The bill provides that where contracts have been made before March 1

1932, by manufacturers to deliver goods in the future, the purchaser is

required to pay the tax.
The manufacturers' sales tax will affect

of 2.25%
which

are

I
Mr. Crisp
sales tax

imports to the extent that

above the regular tariff is to be required
imported.

on

a

duty

all finished goods

Exemptions from Sales Tax.

said that items selected for exemption from the manufacturers!
take up less than two pages of the bill.
The exemptions include

produced in the United States; fergarden and field seed; meat, fish,
shelled fish and poultry (fresh, dried, salted or in brine); bacon and ham,
not cooked or sealed in air-tight containers; salt, butter, oleomargarine and
other butter substitutes; cheese, milk or cream in any form; eggs in the
shell; bread, flour or meal, made of grain or semolina; sugar, tea, coffee;
tobacco and tobacco products already taxed; water not conserved in trans¬
portable containers; newspapers, magazines and other periodicals; books for
the blind; textbooks for public and private schools; bibles, rosaries, chaplets, and practically all other articles of religious devotion or used ex¬
products and garden products

Farm

.

REVIEW

MONTHLY

b

tilizers

ingredients of fertilizers;

and

clusively in connection with churches.

and surtax rates, under the new bill, the

With the increasing of income

A single person will be required to pay a tax on
all income over $1,000 instead of $1,500 as at present, while the exemption
in the new bill for a married person will be $2,500 instead of $3,500 as at
exemptions are lowered.

^

present.'.

••

''•/ -v'.

z+v.

The rate

increased from W% to 2%; from

the first $4,000 will be

on

and from $8,000 to $10,000,
increased from 5 to 6%.
The surtax rates begin with incomes of $10,000
or over, a 1% surtax applicable to incomes of $10,000 to $12,000; 2% on
incomes from $12,000 to $14,000; 3% on incomes from $14,000 to $16,000,
graduating up to 40% on incomes of $100,000 or over.
The surtax is
be lowered from $20,000 to
The credit

would be deductible from gross income

computed.
is increased from 12 to 13 %.
Under the present
law a corporation with a net income up to $25,000 is exempted to the
extent of $3,000.
Under the new bill no corporation with a net income
of over $10,000 will be allowed an exemption, but those with a net income
of less than $10,000 will be allowed an exemption of $2,000.
12^5 % instead of 25% from the net tax as now

at the rate of

The corporation tax rate

to be classified as

"super-tax," and all of the in¬

a

existing law, 80% of the estate tax collected goes to

of this tax

as

if

from

benefit

will receive no

change had been made, but the States

no

the

doubling of this rate.

The bill would make the maximum estate tax 40%

on estates

The new bill, however, allows for shrinkage

of $10,000,000.

during periods of depression by allowing them to

of estates

the States.

proportionate share

bill the States will continue to get their

new

in excess

in the value
be valued 18

after death.

months

evasion of the estate tax, as is done under the present

In order to prevent

the bill
so as to provide that all property or money inherited, exceeding $50,000,
whether given in contemplation of death or not, is subject to a tax gradu¬
ated from 1J^% on $50,000 to 30% on $10,000,000 or above.
The gift
law, according to Mr. Crisp, a gift tax has been incorporated in

tax is described

as

"mother tax" to the estate tax by Mr. Crisp.

a

having in hosts of cases suffered even

(the wealthy classes

but the underlying

shrinkage)

come

spirit boded ill and

complete control of which had'

the House,

that

indicated

lost by the leaders in both parties, was on a rampage
provide new

to

effort

of

instead

destruction

of

the general in¬

that the rest of the community from

worse

being

in

engaged

legitimate

a

Conservative

of revenue.

sources

people expressed the fear that if this species of legislation
should really find
be to check

would

its way into the statute books the effect
the flow of capital into industry.
On
early in the day, until noon Tuesday,

the House adjourned

22, as to which we qhote the following from the

March

Washington account, March 19, to the "Times":
Unable to check the revolt in both parties against the tax bill, leaders

summarily adjourned the House early this afternoon to prevent further
emasculation of the measure.

not "in a proper frame of mind to legislate."

had declared the body was

Leaders said they

hoped for

"return of reason" by them.

a

in time to forestall another vital thrust by

The closing did not come

will go to the Federal Treasury.

creased revenue derived under this title

Under the

converted into losses in innumerable cases

Adjournment was taken until Tuesday noon after Representative Crisp

Mr. Crisp stated

bill.

The estate tax is to be doubled under the new

Under

practical

a

have shrunk so frightfully, in

little, inasmuch as incomes

fact, having been

Estate Tax to Be Doubled.

that the increase is

From

would take in the case of large incomes.

standpoint these proposed inordinate tax rates counted for

Saturday, March 19, to stave off the onslaught on the bill,

$12,000.

earned income

for

maximum of the Federal taxes of

have to be added to the

The earned income base would

in addition to the individual income tax.

In

78%, making altogether 88%% which the two governments

been

$4,000 to $8,000, increased from 3 to 4%,

does.

now

State taxes aggregating 10%% would

other words, the two

y

•

New Income Tax Rates.

Federal law

rived from corporations as the

opposition which struck out the "foreign credits"

the

The vote was 139 to 103.

paid at foreign branches.
The

"regular"

assault

almost every

Leaders

could

leaders

not

As

uprising.

the

stop

sales tax,

the manufacturers'

on

provisions of the

crediting domestic corporations with taxes

This clause provided for

bill.

indirect

an

the opposition sought to amend

section of the bill considered to-day.

now

agree

until the sales tax

that it is hopeless to go ahead

provisions have been acted upon, and plan, therefore, to bring this ques
tion to

a

Tuesday "in behalf of orderly procedure."

test

Having tasted blood yesterday, when the surtax rates were boosted to
wartime levels and the higher brackets of

normal income taxes increased,

opponents of the sales tax started out thirstily for more to day.

They

and scoffed

partly leaders

their recognized

openly flaunted

comrades in the ranks who tried to exhort them to party

at

Time

loyalty.

and again debate was marked by personal attacks.

Admissions Tax Broadened.

The admissions tax under existing law

is to be assessed.
admission

to

Democratic ranks

transfer of stocks from the

This tax will not apply
stock used for short

present 2 cents a share rate to 4 cents a share.

bonds, but will be invoked in the case of loans of

taxed now.
This
Other special excise levies

gallon is to be placed on lubricating oil, which is not

is estimated to yield a revenue

of $25,000,000.
bill

to become effective under the new

cents

a

gallon

on

tax of 35 cents per gallon on

ad valorem tax on grape concentrates, and a tax

wort, which is used in the making

three items

latter

are a

estimated

are

will

cents

be

empted from this title.
oil

and

oil.

crude

The

estimates

Treasury

from this source, according to Mr.

Crisp, who said that during the hearings

witnesses representing domestic oil interests

provide additional

revenue

Consideration

paign,

to "soak

claimed that such a tax would

to the extent of

bill quickly

of the

perhaps "stampede"

or

$40,000,000.

developed into a cam¬

On March 18, instead of the

the rich."

it

from the Ways

came

schedule

contained in the bill

and Means Committee, "which had

proposed raising the surtaxes from a maximum of

20%

incomes

amount,

or

in

40%

(also

adopted

by

sums

on

of the normal taxes,

65%

surtax

make

added

72% altogether.
on

first obliged

which'

it

of

At the same time the maximum

which the Committee bill had proposed

mum

dividends

the House

40% on
maximum of 65% on in¬

5% to 6%, was raised to 7%.

to increase from

corporation, the corporation is

to pay the income tax

was

The maxi¬

7% normal tax would

But where the income is derived from

stock of a

the

the

to

proposed

to

levied

increase from

corporations

on

11%% to 13%.

tative

Doughton,

House

was

no

sales

the

of
the

In
to

case

addition,

be

paid.

of corporations and

individuals,
maximum

amounts

however,

above

there are

the

6%

as a

income

maximum in the case

this latter having just been
raised

from

$50,000.

.3%

Both

to

taxes

doubled

with

6%, this to apply
have

State allowing the individual no deduction




State

In New York these taxes are 4%% in

to
on

be paid,

to

the

incomes de¬

"foreign

the

leader

handful of

credits"

amend¬

number—included Representative Boylan,

adjournment.

Represen¬

admitted

Democratic revolt,

the

of

the

...

the

that

Representative La Guardia, head

temper to legislate.

state of

this

which precipitated

tax,

things,

24, by the overwhelming vote of 223 to 153 after

Representative Crisp, as head of the Ways and Means Com¬

mittee, had eliminated
visions of the

House

in addition to

those previously ex¬

operation—all without avail as a means of

allowed

was

long list of articles from the pro¬

a

measure

saving the sales tax

On

clause.

to

take

on

an

alcohol, and, therefore, non-intoxicating.
the amendment

was

as

or other

and

tax of

more than

hereafter

The full text of

all non-intoxicating beer, lager

on

2%% ol alcohol by weight, brewed or

sold

or

removed

for

consumption

or

sale,

by whatever name such liquor may be called,

quantity

or

for the fractional part of a barrel; provided

such articles shall contain

no

and provided further that
conducted

under

Prohibition Act
the

to

$5 per barrel, containing not more than 31 gallons, and at a like

rate for any other

that

the

similar non-intoxicating fermented lager contain¬

within the United States,
a

25,

amendment

follows:

"There shall be levied and collected

beer, ale, porter

ing H of 1% and not
manufactured

March

Friday,

vote

a

beer, that is, containing not more than 2%%

legalize 2%

permits
and

than

more

2%% of alcohol by weight;

the manufacture of any such

to

under

article shall be

be issued in accordance with the National

such regulations

as

shall be promulgated by

Secretary of the Treasury and the Attorney-General of the United

States;

and

provided further

that

this

provision shall

be effective

one

month after the enactment of this Act."

Here the question of prohibition eame in to play a
nent

216 to

132.

it

This, it

a

of

was

estimated, would provide in the

$300,000,000 of

and

reyenue,

and

the failure

part of the bill left the whole measure in a

state of reckless confusion with

000,000 of
tax

promi¬

part in the vote, and the proposition was rejected by

to make

taxes

against

produced legislative chaos, was defeated on Thursday,

should
mum.

Crisp

Republican opposition, likewise made no contrary move.

The
and

in

neighborhood

by the Federal Government as the maxi¬

Mr.

group—13 in

Adding this to the 65% made 78% which it was proposed
be levied

with

Mr. Crisp had smooth sailing in his move for

on

This amendment was adopted

$5,000,000.

vote of 153 to S7.

a

that

double

to

in excess of $100,000)

exceeding $100,000 to a

in excess of

comes

$100,000

amendment raising the maximum from

an

incomes

of

excess

of the country.

for the good

mild and too general for effect;

it did not check the revolt.

stood

cluded from its

would be the better word,

of tihe income taxes and the surtaxes
as

a

theories"

only Tammany member on the floor.

March

gasoline o 1,
yield of $5,000,000

duty of 1 cent is to be placed on all imported gasoline,

A

fuel

the divided

He reiterated his stand for the sales

of the financial crisis: he appealed to individuals

personal "economic

this

ments;

costing more than 50

Wires used by newspapers would be ex¬

10 cents.

taxed

to give

House convened

before the

rallying point.

a

way out

The rebellion had, in fact, reached such a point that only a

of the

of the bill.

will be taxed at the rate of 5 cents, while messages

abandon

Democrats

telegraph and radio messages costing from 31 to 49 cents

Telephone,

only

Some of his aides thought his statement too

of 5

of "home brew."
These
Excise taxes will

to yield $50,000,000.

become effective 15 days after enactment

the

as

to

provisions placed in the new bill, a tax of 4 cents

Under the special excise

malt syrup, a 40%

tax

at any rate,

selling, which transaction is not taxable under the existing statutes.
a

Speaker Garner tried

is only applicable

charges of $3 or above.

Provision is made for increasing the tax on the

to

Garner Fails to Check Revolt.

all admission charges of 25 cents and over

An admission tax of 10% on

revenue

which

it

had

was

nothing to offset the $595,-

proposed to derive from the sales

been

the bill.

unceremoniously

v;'

■

,

■

voted

of

out
•

On Tuesday, March 22, the House adopted the Ramseyer.
estate tax amendment to the revenue bill

posing

a

45% maximum tax

on

(H. R. 10236), im¬

all transfers of net estates

monthly eeyiew
above

$10,000,000.

from which

The "United States Daily" of March

imposes

additional estate tax, and,

an

On the other hand, he had the satisfaction of seeing a number who had
deserted him earlier in the week stand with him on this issue.
An over¬

,

whelming majority

This replaces the Ways and Means Committee language of
which

23,

quote, added:

we

Section 401,

according to its sponsor,

Representative Ramseyer (Rep.), of Bloomfleld, Iowa, is expected to in¬
crease the estate tax revenue under the bill as it came from Committee.

Once that vote
who

had

The Committee bill provided that in addition to the estate tax

Imposed
by Section 301 (a), of the 1926 act, an additional tax equal to such tax is
imposed upon transfer of the net estate of every decedent, resident or
non-resident, after the enactment of the bill.
It proposed to raise $35,-

that section and proposing a graduated scale of taxes

on net estates

in excess of $500,000.

Representative Ramseyer offered his amendment
Lewis proposal.

substitute for the

as a

the
transfer of every decedent, resident or non-resident, a graduated scale of
taxes ranging from 1% of value of net estates not in excess of $10,000
45%

up to

His amendment would apply hereafter, he said, on

on estates

It also makes the exemp¬

of $10,000,000 or more.

tion In existing law $50,000,

instead of $100,000 and none of the addi¬

tional taxes would go back to the States.

It
to

Representative

bring in about $500,000,000 of

revenue

annually but for the rest of the

and $100,000,000.

The taxes
amounts

-.rv:

collects

he said, the Federal Government

approximately $130,000,000, of which about $102,000,000.
back to the States.

80%, goes

or

;:1;

provided in his

amendment, he said,

inclusive of the

are

imposed under the present law but the 80% refund to the States

applies only to old law extent, the additional revenue not being subject to
rebate to the States.

On
in

in

fluxing

was

the House.

in such

that

"We

complete control, the movement degenerated into a scheme

ing of

bill raising sufficient

a proper revenue

"I trust that
House

there

will

Amendments

far

so

be

that

as

no

amendments offered

more

for

are

proposed tariff amendments until

continued

vote against the bill himself.

House to its senses,

he

said that

would

to

have

This appeared to bring the

and Mr. Crisp succeeded in obtaining

an

adjournment until Tuesday, March 28.

at

this

of

One

erecting new barriers.

Chairman Crisp, in sheer desperation, got up and

proceeding

What happened

the

raising of

given by

York

"Times."

the, Washington correspondent of the New
It

to

deserves

be

put in record

here as

evidence of the spirit of recklessness with which the whole
movement was carried on.
The

rebels

new

against the

started out to turn it into

a

Ways and Means Committee's program

were

checked when Representative Crisp, Acting Chairman

of the

La Quardia Backs

moving appeal in which he declared that they

a

were

destroying their

party and making themselves ridiculous before the country.

He told the House that if it proposed to turn the tax bill into general
tariff legislation, then he was through, and would even vote against the
whole

protectionists
can

Later

measure.

were

balance their

The
when

he added that if Mr.

going to pursue their

own

Snell and

course

the

Republican

of to-day,

"then they

budget."

opponents

or

complaint earlier in the week

no

his bill to pieces; he

tore

obviously

was

disappointed, but expressed no grievance.
But to-day Mr

"Our battle is over," he said.
us

a

virtue/

He could not stand by and see his party "wreck itself" by voting tariff

Republicans had turned down, he said.

Other Duties Are

out a bill that will balance the

leagues in the sales tax fight

up

They pleaded with the House not to

budget.

now

I regret to

point the House turned down in quick succession the pro¬

posed duty on fluorspar, an import tax on jute and jute products offered

by Representative Fulmer, Democrat of South Carolina;

duty of

a

a cent

pound on manganese, proposed by Representative Knutson. Republican

proceed in order and "consider calmly this revenue bill."

pleaded with Mr. Crisp to invoke

a

a

member of the Rules Committee,

special rule and "bring order out of this

chaos."

Speeches

five minutes for and against any specific amend¬

were cut to

tax on

voting

was

First the Parsons amendment for

rapid.

jute and jute products

defeated by

He

wort.

was

proposal to throw out the tax on malt syrups and

a

voted down, 74 to 20.

Representative Knutson's amendment for
rejected, 85 to 56.

ganese was

began

when

Representative
an

Seiberling, Re¬

import tax, to place

a

made

goods

was

was

"I

am

going to And out whether this House is for Russia

or

America."

discussion

During
run

consideration

much

as

of

it would.

the

To

tax

provisions

he

had

let

the

day he resorted time and again to

After the tariff advocates had spent themselves, the House
passed the

lubricating oils,

a tax

of 35 cents

for "home brew" manufacture and

All these
revenue

to this

a
a

These carried

gallon

on

40% tax

a

4-cent excise tax

on

malt syrup and wort used

to Mr.

Crisp and his lieutenants at

were

a

his levy

on

matches,

tariff

was

He admitted that it

intended

was

embargo against Russian matches,

as an

whether the House

see

America.

or

said to have been assured before it

Representative Crisp was told that it

hhd incorporated a provision for a duty of 10 cents

was a

a

was

"trade"

[The House

hundred pounds on

coal and coke imports before the movement could be
stopped.]
The latter, at least, proved to be true.
When voting time came Mr.
saw many of

his colleagues

tellers to vote for the coal duty.




on

for Russia

was

•■

Representative Rankin of Mississippi shouted:
"You can't get away with that kind of stuff in this House.

You can't

browbeat members of Congress by any such language."

Crisp's Appeal Against Tariff Move.
Sensing the impending tariff fight Mr. Crisp
"Mr. Chairman,

I think

my country

which

the

in

a

non-partisan

President

of the

bill.

revenue

raise

way to

United

say

serve

balance the budget

which the

States,

and to make your temporary relief

I have tried to

revenue to

Treasury and which ex-President Coolidge

"Now, gentlemen,

saying:

arose,

will all agree that I have shown no par¬

you

tisanship in the consideration of this

Secretary of the

is essential for economic

measures

effective.
a

tariff bill?

I grant you there is one item in the bill which is tariff—oil.

I did not

up

are you

going to convert this bill into

there, but it is in there and, therefore, I cannot consistently get

here and make points of order against these tariff amendments because

I believe they are germane to the bill.
are you

going to write

tariff bill here on this floor

a

"Here is the difference between this amendment and the oil amendment.

The oil amendment
will

come

in.

was one

This is

cent, which will not be an embargo.

embargo and is intended

an

as

Some oil

nothing else but an1

"The people representing this match industry came to me and stated
that it

was an

They said they

embargo.

were

the purpose of having

million

dollars

market

for matches.

for

Of

course

the

a

willing to

eight

pay

or ten

monopoly of the American

they will raise the price to consumers.

way to

have it effective would be to have

an

embargo.
"The

unless it

matches

was an

have to

embargo.

be opened

when

they

the

into

come

Custom

•

They said they didn't want it

They have it in Canada, and it is

an

embargo!

there.

present tariff law, are you going to come in here now and write an embargo
wrote the Smoot-Hawley

the Democratic side

pass

between the

of Russia, which the Republicans, when they

tariff bill, would not do ?

"What position are you going to leave yourselves in?

will the

Republicans leave themselves in who

to try

well face the issue.

I

am

are

What position

opposed to

an

embargo?

going to appeal to this House

and help expedite the passage of this bill.

We have brought It in

here with no rule, for a liberal consideration, and that system is on trial.
"The minority leader said—or it was so stated in the papers—that we
a

this way

mistake in bringing the bill before you for you to consider it in

instead of bringing it in under

of considering a bill ?

five minutes.

If so, show

your

rule.

a

Now, do

you

character

been so much debate,

considered in

I give notice now that I

Congress

and this debate is not going to

Any one can present his views
am

on

an

again ask to be allowed

"I took it this time in order to make

amendment in

going to invoke the rule that

there shall be but five minutes speech for and against an
I myself will not

like this way

appreciation by trying to expedite it.

there been a bill of this

there has

change any votes.

between the coal and oil interests and could not be stopped.

Crisp

graduated stamp tax, which

in effect, would require that every package of matches be broken open and

where

Success of the coal

the

stamped by customs inspectors at the port of entry.

"Never has

designed to yield $8,000,000.

Crisp Is Told of a Vote Trade.

brought to the floor.

when

once,

Mr. Seiberling, having gained

the floor first, proposed

made

on grape concentrates.

expected by their sponsors to raise $71,000,000 in new
for the fiscal year 1933.
The oil and coal tariffs were amendments
were

section; together they

man¬

tariff

a

convict-

overwhelmed, 91 to 27.

apparent

"We may just as

the rules of the House to shut off debate and force the Issues.

special excise tax sections of the bill.

on

on

House opened, what they had to deal with.

tariff against the products

Later he withdrew the amendment.

Mr. Crisp used a firm hand In conducting the proceedings on the tariff

proposals.

"embargo"

"Now, you Democrats all over the country who have been criticizing the

virtual embargo on Russian matches.

he declared.

cent-a-pound tax

a

The Christopherson amendment for

butter went next, viva voce, and the Johnson

on

House, each package of matches stamped.

tariffs

viva voce vote.

a

Representative Schafer, Republican, of Wisconsin, broke the succession of
tariff amendments with

proposed by Mr. Johnson, Republican of Washington.
toward

duty on

a

Next the Fulmer proposal for a graduated

was

These representatives said

The move

col¬

my

Representative Rainey, the Democratic leader, appealed to his followers
to

Minnesota; an import excise levy of 22 cents a pound on butter, offered
by Representative Christopherson, Republican of South Dakota, and an
embargo duty of 100% on imports produced by convict or indentured labor,

of

publican of Ohio, proposed, under the guise of

of

see some

trying to stifle this bill with traiff pro¬

embargo.

jeopardize the budget-balancing revenue bill with tariff provisions.

a

We've got to Ignore that

under the guise that it is revenue?

Rejected.

Representative La Guardia of New York, who stirred

the revolt against the sales tax.

From that

"In spite of the abuse being heaped upon

visions."

"But, gentlemen,

To his support came Representative Hawley, co-author of the HawleySmoot tariff Act. and

Up Crisp.

have got to go straight down the line.

we

want it in

Crisp declared that "patience has ceased to be

rates that the most orthodox

are

abuse and stick by the Ways and Means Committee in its efforts to bring

recovery

Georgian had uttered little
the sales tax

germane

of eliminating the 2.25% levy by loading the bill with tariff provisions.

Ways and Means Committee, forced the Democrats back into line

with
own

are

Mr. La Guardia told the sales tax foes not to detract from the victory

Encouraged by success with

the coal and oil duties, they turned next to a tax of $3 a ton on Imported

fluorspar, but

that

revenue

of tariff.

savor

of this bill by changing it from its original purpose—that of bringing

and reiterated that he intended to

tariff measure.

that

proper, but they ought not to endanger by any means or in any way the

It

Saturday session is best described in the account

it

i

I have any influence with the gentlemen of the

fluorspar went down, 92 to 42.

of

recovery

which is the thing extremely desired by the people.

ment and

kind

Government

money to meet

expenditures will restore public credit and bring back economic

customs barriers still higher or

this

Crisp took the reins and sought

engaged in writing a revenue bill for the purpose of balancing

are

for gaining tariff favors of one kind or another by raising

if

Mr.

stop the House from tinning his tax bill into a "log-rolling tariff measure."

Representative Michener of Michigan,

the other

going

were

the budget of the United States Government; my belief is that the writ¬

,

Saturday, March 26, with the legislative buccaneers

member after

Conferences

Small groups were framing other amendments.

situation

a

The House

steel and aluminum.

Members sought to cut off debate so they could

uproar.

final vote of 190 ayes to 149

present fiscal year of 1933 revenue between $70,000,000

Under the present estate tax,

recognized for his proposal of a duty on

was

used

back prosperity to the country."

explained that his amendment would

Ramseyer later

the Smoot-Hawley

included in

products

Mr. Hawley, in coming to his assistance, said;

eliminating both the Committee provision and the Lewis proposal.

nays,

mineral

an

over

passage

Special Ruie Abandoned.
The Ramseyer substitute was adopted by a

a

into

all

on

Representative Lewis (Dem.), of Cumberland, Md., proposed an amend¬
40%

their

put their own amendments up for consideration.

'

up to

members from every section of the country

over,

have

Representative Parsons

additional 20% maximum above $10,000,000.

ment striking out

the Republican side stood for the duty.

on
was

to

Act took amendments to the desk.

went

an

failed

fluorspar,

Increases Proposed.

000,000 by

c

amendment, and

more than five minutes.
a

general statement

on

the

bill,

and to ask you to help co-operate in expediting the passage of the bill."

From the "Times" also

we

sentative Crisp in the House

take the final speech of
on

Repre¬

March 26 pleading with the

d

MONTHLY REVIEW

coalition majority not to

into

tariff bill

a

This Is

done

because I believed I was right.

so

witnessing

put on, putting on embargoes,

and then going out and criticizing the bill.
I have tried to stem the tide.
I realize

Consistency, thou art a jewel.
that I

am

had the majority of this House

impotent; I realize that I have not

me.

to close

debate, but patience ceases to be a virtue.

Oh, gentlemen, what are you trying to do?

Are you trying to balance
I have

a

no

But as I watched the vote yesterday afternoon by tellers on the

I suspected what was going to happen to-day, and it has

Without
for

You may adopt ail of these

high-tariff amendments that

but I want the country to know it,

I hope the amendment

vote of 235 to 160.

a

you

desire to,

*

Crisp

(011

March

26)

placed a maximum surtax rate of 65% on incomes in excess

It was effective on incomes over $100,000 on a graduated

$5,000,000.

By reversing itself the

and

Speaker of the House Garner, on March 29, for support of
the tax bill by members of the
of

the

House to effect the balancing

budget were followed by the abandonment of the

revolt which had

House struck $17,000,000 off the total of its bill.
again sustained the Ways and Means

reversing itself the House

so

changes in corporation and
transactions

voted

were

the following day

on

surtax rates,

by the House

taxes

stock

on

March 31, and

on

(April 1) a tax on dividends paid

stocks

was

March

on

31, the "United States Daily" of April 1 said:

Estimated

the

increase

to

the

As to

adopted.

yield

from

action of the House
taxation

by slightly less

on

the

majority leaders for passage by the House on April 1.

PRESIDENT ASKS THAT BUDGET BE BALANCED.

of

Hoover

President

pressed his confidence "that the undertaking of the repre¬
sentatives

of

both political parties to

remains and will be fulfilled."

"is the very keynote of re¬

(the budget balancing)

covery," and he added, "it must be done."

"For

a

clear view of the situation our people should understand that the

debt during that year,

of amendments

view to its

the following day.

passage

consisted, among other things, of adoption by the House

providing the following additional taxes, with the amount

that each is estimated to yield.
Tax
A tax of K of 1% on
per

per

exchanges from 1 cent to 5 cents

with an exemption of $100, estimated to yield $10,000,000,

a

tax of

a

share, to yield $13,000,000, 8% tax on the service charge for the trans¬

K of 1% on the sale price of bonds, with a minimum of 2 cents

and shells, to yield $4,000,000; rearrangement of the mining depletion

allowance, to jdeld $12,000,000.
The House also adopted an amendment to prevent stock exchanges from

abroad

the

evade

to

transfer

stock

tax.

under

gift tax rates

as

proposed by Representative

They provided
were

a

Mr. Ramseyer were acceptable to the Committee.

tax of

% of 1% on the first $10,000 over $50,000 and

graduated upward to a 33K % tax on estates in excess of $10,000,000.

These rates conform to those adopted by the House.
The gift tax rates as adopted by
additional

revenue

the House

estimated to provide

are

obligations and the

to recommit the bill with a view to

amending it when the bill comes out

of the Committee of the Whole House will be called for, House members
have announced.

Mr. Crisp has stated that he will demand a separate vote on the Swing
Amendment increasing the maximum
as

surtax rate from 40%

on

incomes

provided in the original bill, to 65% maximum on incomes

in the surtaxes.

He also has stated that he intends to offer

a

to which
sum

oil, gasoline and coal.

Committee

recommit the bill and only one motion for that purpose can be voted upon.

will demand
out

a

(Rep.), of Aberdeen,

Dak., announced he

S.

of

revenue

pected

the

nearly
be

to

Committee

plans

by

reductions

now

would

Approximately
in

Federal

provide

additional

$243,000,000

expenditures,

is

ex¬

Under this plan the Treasury would

changes in respect to postal matters.

have approximately $31,000,000 above the estimated deficit for the present

members.;

"

~

House,

provision stricken out

however, adopted

We should

Navy cost about $700,000,000.

Thus

we must

make our

balance of $1,300,000,000 remaining
economies in the postofflce,

Out of

$1,300,000,000 the many other vital services of the Government
Every reduction that can be made without serious

on.

"Further

economies

be

can

and

made

I

am

confident will be made,

through authority of the Congress to eliminate unnecessary functions of
the Government and in postponement

with businesslike reorganization and

appropriation

and

of less essential activities, together

co-ordination of Government activities.

committees of the Congress are now

economy

But when all this is done the

earnestly engaged on all three problems.

that day

on

will restore Government revenues.

"Economies in expenditures or increase in taxes alike
sacrifices which

are a

receives without

of

manner

workman,

farmer and every business man far in excess of the cost of

an

budget."

FEDERAL

the

EXPENDITURES.

President

month

Hoover

further cuts in Federal expenditures.
March

8

bureaus

or

he

declared

further

that

"must be brought about by

either by

In

a

asked

had

for

statement issued

economies

by

Federal

authorization of Con¬

of the

reorganization

change in the legal requirements

the various services."

IN

FURTHER REDUCTION

FOR

PRESIDENT ARGUES

in

To continue to live on

difficulty and in the meantime begets

evils and dangers, which create costs and losses to every

courageous action in balancing the

Earlier

The Govern¬

continue to expend more than it

inviting serious consequences.

new

every

can

as

Federal machinery
to expenditures by

The President noted that the House

Appropriations Committee had reduced the amounts of bills
thus far reported out by about

$112,000,000.

"In order," he

said, "to meet the requirements of the Ways and Means

*

incorporate in the
a

families

borrowed money only postpones the
all

call for sacrifices—

part of the country's war on depression.

ment no more than individual

Committee
On April 1 a move was defeated to again
bill the sales tax

of veterans and their families.

strength of our defense.

and about

$30,000,000 Is planned by the leaders to be derived from administrative

fiscal year, it was estimated by

largely

increase of payment on Government

injury to these services and in justice to our people should be effected.

gress,
bill

the

$1,000,000,000.

saved

of $365,000,000
possible further

only the net operations are included in these figures.

be carried

separate vote on the Doughton Amendment which struck

the manufacturers' sales tax.

Under

of

motion to recommit the bill

given preference, under House rules, in offering a motion to

Representative Johnson

considering

from the total of $4,100,000,000, together with

THE

with instructions to strike out the provisions agreed to by the Committee
of the Whole to impose import taxes on
are

care

further economies mainly out of this

Opposes Import Taxes.

members

In

year.

balancing of the budget must in the main be accomplished by an increase

Separate Votes Sought.

$5,000,000,

current

"In addition our Army and
not further reduce the

in taxation, which

Separate votes on several amendments already adopted and a motion

of

the

inheritance of the great war through

an

The

of $20,000,000.

for

expenditures we must not forget that of this total about

in

$2,100,000,000 is of such character that it cannot be reduced; it is

must

The House approved the

total

the

economies

as

Ramseyer (Rep.), of Bloomfield, Iowa, in place of the Committee rates.

The expenditures

$4,100,000,000 after a reduction by the Administration

this

Gift Tax Rates Voted.

The rates proposed by

These deficiencies

decrease in tax receipts.

budgeted for the next fiscal year as sent to the Congress amounted to about

portation of oil through pipe lines, to yield $15,000,000, 10% tax on fire¬

moving

almost wholly due to

governmental expenditures and by increases in taxation.

the sale price of stocks, with a minimum of 4 cents

$100, to yield $6,000,000, a tax of 50 cents on each $500 on real estate

arms

likewise calculated without reduction of the debt.

year,

This follows

last year and a deficit of over $2,000,000,000 this

"We must eliminate this deficit for next year by the further reduction of

share, to yield $75,000,000, an increase of the tax on futures sales

conveyances,

further reduction of the national

is estimated at about $1,250,000,000.

deficit of $500,000,000

Market Sales.

the grain, cotton, and other produce

on

a

are

on

The President

also Said:

deficit for the next fiscal year, excluding

a

balance the budget

According to the President

the bill is practically

completed with

over

Friday press conference on March 25 he ex¬

his regular

the House remain in session continuously that night until the reading of

The day's work

deeply concerned

was

course

happenings in Congress, and in a statement issued at

these

(Dem.) announced to the House March 31 that he proposed that

Crisp

amendment to subject to the normal

dividends paid on stocks.

tax rates

income

this

Representative

of its tax writing job to-day when it incor¬

porated in the new revenue bill an

than

$1,000,000,000 annually, the revenue bill (H. R. 10236) is scheduled by

roll call vote on the Crisp Amend¬

bill, carrying levies on imported oil and coal.

The House neared the end

previously marked the course of the bill.

(raising the rate from 2c. to 3c.) and making

"

After this action the House began a
ment to the revenue

In addition to the action of the House in adopting increased
letter postage

over

scale.

In

Representative

by

maximum tax on incomes

Amendment, adopted last week by an overwhelming vote,

The Swing

would have

Committee.

Appeals

amendment returned to the bill a Ways and

proposal for a 40%

Committee

$100,000.

and I want your people to know it,

will be rejected.

-

record vote, it retained the Ramseyer Amendment calling

a

45% levy on estates.

a

Means

of

log-rolling tariff is making with embargo rates.

been happening—a

the House had refused again to incorporate a general

by

The action on the surtax

budget deficiency caused by a Republican Administration?
proof of it.

,

The vote came after

bill, I shall myself vote against it.

and struck from

the Swing Amendment imposing the war-time surtaxes

sales tax in the bill

cerned, if these amendments and other things continue to be added to the

oil proposition

incomes.

on

reconsidered its previous action

to-day

House

The

the revenue bill

going to express myself when I say to you that, so far as I am con¬

am

/

Press (April 1) likewise said:

The Associated

I have been long-suffering and patient and have not sought

back of

I

rejected.

was

I am seeing my party destroy itself.
I
tariff rates than even the Republican

party put on higher

my

$10,000 of income from dividends

amendment to exempt the first

An

a

demanded upon which the count was 180 to 105.

teller vote was

I have bared my breast to every

I also love my party, and to-day
am

adopted by a standing vote of 133 to 90. but

The amendment was

I love my country and I have endeavored to
shaft of criticism, and I have

sad day for me.

a

her.

serve

$999,000,000 total announced last night.

the

from

the Committee reduced its estimates $37,600,000

the revision

Under

let the revenue bill be converted

follows:

was as

week ago.

The
to

amendment

that

expenditures

must

be

reduced

000,000 in order to balance the budget, it is
further cuts he made."
The

whole

of

$125,that

The President's statement follows:

administrative

the

by

necessary

officials

are

co-operating

with

the

subject dividends paid on stocks to the normal income tax

special Economy Committee appointed by the House of Representatives in

rates.

the drive to bring about further

Associated Press accounts had

the following to say

regarding that day's action:
At present the dividends of stocks
maximum
The
On

normal income

new

the

tax

levy would expire

basis

of

revised

is
on

to

$1,049,000,000.




are

taxable under the surtax.

7%.

The
,

July 1

Ways and

$88,000,000 item brought the total

drastic economies in Federal expenditures.

You will recollect that the budget sent to Congress, represented reduc¬
tions in expenditures for the next fiscal year of about $365,000,000 below

1934.

Means

thus

-

the

present

fiscal year.

duced the amounts of bills

The House Appropriations Committee ha9
so

far reported cut by about $112,000,000.

this, however, between $60,000,000 and $70,000,000 is
Committee

far placed

in

estimates

the

the revenue bill

Congress meets next
positive obligations

December,

when

by deficiency

bills.

they will

To

this

reductions do not help next year's expenditures.

a

re¬

Of

deferment until

be compelled
extent,

to

meet

therefore,
'

the

MONTHLY REVIEW
"In order to meet the requirements of the Ways and Means
that expenditures must be reduced

Committee

by $125,000,000 In order to balance

idle dollars
we must

There is
the

little

very

House

left for reductions by administrative action

room

Appropriations Committee has passed

the major

upon

to do

Further economies must be brought about by authorization

requirements
The

as to

Economy

on

Affairs

and
of between $50,000,000

$60,000,000

The

a

But

all along the line.

opportunity for all our people to participate

an

which

this evening sounding a call

traditions of in¬

are

a

to the mighty power of

as

call to service for the common good of our country,

whole.

a

I gladly add my voice to this call to voluntary duty.

I do it with more

confidence because I have witnessed the most heartening exhibition of its

patriotic

here in the national capital.

power

In the campaign to divert

placing before the Committee changes in

is

back into the channels of trade.'

won

call to protect the Individual home by means of assuring the safety of

per annum.

Postmaster-General

Is

the American people,

proposed to the special House

has

Knox

the nation

changes in the laws relating to pensions

some

other allowances which would produce economies

and

legal

expenditure by the various services.

Director of Veterans'

Committee

of Congress,

change in the

or

way

have

within the traditions of our country,

so

Colonel

by reorganization of the Federal machinery

we

dividual effort, of courage, of energy, idealism and public spirit.

supply bills except the Army and Navy.
either

finding their

are

continue until

This movement affords

the budget. It Is necessary that further cuts be made.

and

e

idle dollars from their hiding

The Secretary of

places to channels through which they dan be brought back

Agriculture has suggested changes in the law requiring expenditures in

into circulation, Secretary of the Treasury Mills also drew

the

legal requirements

the

Post

of

Office

expenditures.

Department of Agriculture, and the other departments are engaged

in preparation of similar drastic recommendations.

"I

believe the Committee

ganization and such methods

large

I have mentioned, will be

as

able to find a

of economy.

area

"Nothing is

important than balancing the budget with the least
Government should be in such position

more

increases in taxes.

The Federal

that it will need Issue
the

Economy, through administrative reor¬

on

beginning of the

public debt after

securities which increase the

no

next

fiscal year, July 1.

That is vital to the still further promotion of employment

and agriculture.

It gives positive assurance to business and industry that the
will keep out of the money market and allow industry

Government

and agriculture to

borrow the moneys required for the conduct of business.
I cannot over-emphasize the importance of the able

non-partisan effort
being made by the Ways and Means Committee and the Economy Com¬
mittee of the House, whose work are complementary to each

PRESIDENT

HOOVER

ATTRACT
RISK

MONEY

IN WORLD

"BABY

BONDS"—SAYS

SAFEST

FUTURE

OF AMERICAN

PEOPLE.

THROUGH

IS

SHARE IN

In a nation-wide radio message on

Sunday night, March 6,

President Hoover opened the anti-hoarding campaign
dent to the offering of

issue of 2%
cates

dences that "the

hoarding of money has stopped," and that

"some of these idle dollars

the channels of trade."

"until

have

we

effort, and

to

"becomes

measure

finding their

are

"But

all

won

interest

no

we

back into

continue," he added,

must

"To join in this

along the line."

said the President,

respond to the appeal,"
of your

way

Mills stated

certificates

The details of this offering of

2% Treas¬

(issued in denominations of $50, $100 and

given

are

"the holder of currency can

obligation of the Government which pays

an

ury

$500)

new

Through these certifi¬

obligation of the Government which bears

an

2% interest."

a

on

subsequent

under the heading

page

"The March Financing of the United States Treasury."

Sec¬

retary Mills's radio message of March 6 was made along
that by

President Hoover,

President of the Reconstruction

Brigadier-General
Finance

Dawes,

Corporation, and

Colonel Frank Knox, Chairman of the Citizens' Reconstruc¬
tion Finance
PRESIDENT

Corporation.
REPORTED

HOOVER

HOARDING

MONEY—NEW

PRINCIPAL

2% Treasury certificates, in denomi¬

The President stated that there are evi¬

past 10 months."

Secretary

him

inci¬

"from the active channels of trade during this

Treasury certificates.

substitute for

nations of $50, $100 and $500, designed to attract moneys
withdrawn

radio message, Sunday night, March 6, to the

a

Treasury Department's action in making available a

with
TO

CAMPAIGN

ANTI-HOARDING

OPENS

other.

attention, in

AS

SEEKING
BANK

NAMES
TO

Following 'a statement presented
Hoover

by

Benjamin

Schwartz,

on

SAID

OF

BANKS

OFFENDERS.

YORK

BE

ONE

OF

March 9 to President

Director-General

of

the

Institute of Scrap Iron and Steel, in which it was alleged
that the scrap

iron industry had been "particularly affected

by the restrictive credit policies of the banks of the coun¬

try," Mr. Schwartz

was

represented as having said that the

Chief Executive had been extremely interested in
tion of the statement

dealing with

money

the

por¬

hoarding by banks.

"The

Mr.

Hoover, it was stated, declared that "the Government

American people," said the President, "have at this moment

had

provided ample funds by relief measures which included

of

one

a

the

greatest opportunities in their history to show

assured

an

faith in your country."

confidence

and

active

an

faith

in

their

own

the creation of the Reconstruction

destiny which is the destiny of the United States—and by

ests.

that

faith

ward the purpose

that

"Fighting

forces in

shall

we

win

this

great depression is

a

hundred battles

a

battle."

on

a

a

President

The

said

with destructive

war

hundred fronts.

We must

needs fight as in ia great war; we must meet these destructive
forces

by mobilizing

them.

A

our

thoroughly

resources

non-partisan

reconstruction is in progress.

and

our

people against

patriotic

of

program

Finance Corporation to

permit the banks to extend credit to small business inter¬
' If the banks

were

not co-operating in

carrying for¬

for which the program was advocated the

President wanted to obtain the details," Mr. Schwartz said.
"He

failed to

sought specific instances where banks had

I intend to send

give this aid.

a

list of banks to the Presi¬

Mr. Hoover indicated that he would study the matter

dent.

and determine the

situation."

The Government has exerted

Incidentally it was noted in a Washington account, March

itself to the utmost to give a sound, stable basis to the Treas¬

5, to the New York "Times," that a report was persistent in

to banking, to industry and to agriculture.

ury,

ernment alone cannot

the inherent

resources

produce prosperity, but it

The Gov¬

can

and strength of the American

liberate

people.

The people themselves must apply those resources and exert

it clear to the

that

citizens,

strength."

He also said i
Battle

which

from
The time has

now

arrived for

a new

offensive rally in the spirit that has

This

made America great.

The battlefront to-day is against the hoarding of
currency, which began about ten months ago, and with its growing inten¬

sity became
from

national danger during the last four months.

a

It has sprung

fears and apprehensions largely

causes

which

now

no

the reflex of foreign and domestic
longer maintain.
But it had grown to enormous

dimensions and had contributed greatly to restrict the credit facilities of

country, and thus directly to increase unemployment and depreciate
prices to our farmers.

our

I believe that the individual American has not realized the harm he
has
done when he hoards even a single dollar away from circulation.
He has
not realized that his dollar compels the bank to withdraw
many times
that amount of credit from the use of borrowers.
These borrowers
are

the local merchants, the local manufacturers, the local

borrowings
cost of

are

the money they

use to

buy goods, to

farmers, and their

pay wages and the

keeping their business going.

One hoarded dollar deprives some wage earner of at least
his pay.

Multiply this simple example by nearly

a

billion and

a

part of
half of

dollars of idle money now hidden in the country and
you may get some¬
where near a true picture of the enemy of our national

security that

No

farmers.

one

in the country to-day could be brought into active
be

a

sums

from

the

active

sums

at

of money which have been with¬

channels of trade

during this

past

ten

months.

They have summoned the leadership of thousands of public-spirited
and women.

Already

men

-

have evidences of the progress of these efforts and that the
hoarding of money has stopped.
The tide has turned and some of these
we




of

an

important element in the Ad¬

of Congress.

other relief measures

provided in the Glass-Steagall law, and by the Re¬
highest

It is known that the President himself finds

it rather difficult to understand the attitude of any bank which, in a time

of economic distress such as

refuses

the Nation is

passing through fails

now

and safeguarding provisions of

avail itself of the credit

to

or

the

Glass-Steagall and Reconstruction Finance Corporation Acts.
The

of particular institutions on which the Administration places

names

the stigma of hoarding are
officials.
—one

It

can

of the most powerful in

one

fact, it

the country—is mentioned

as

the worst

The liquid assets of this bank are to-day estimated

When prosperity was at
to

confidentially mentioned daily by Government
a New York bank

be said on the highest authority that

at

85%.

its peak, these liquid asset® were 35%, according

official, and at that time this bank "boasted" that such was the

P.

was

declared.

MORGAN

BROADCASTS

CREATED

DITIONS

of

the

Block

{appealing in

a

radio

THROUGH

rule against

P.

DRIVE

TO

by

the

BLOCK
CON¬

interviews and speaking for

on

in

New

York

by

March 23 for the support of

organization in its efforts to relieve the

through

unemployment.

Mr.

speech, the first to be broadcast by him,

mitted

BY

RELIEVE

UNEMPLOYMENT.

Organization

radio message

arising

OF

FORMED

Morgan consented to aid the campaign

Community

the drive of the
distress

SUPPORT

IN

ORGANIZATION

COMMUNITY

Breaking his

under the leadership of Colonel Knox, is seeking the support
of every voluntary organization and every individual in the
country to
bring out of hoarding these great

among them
The dispatch

construction Finance Corporation, is the opinion of some of the

publication, J.

my request,

drawn

banks,

the country.

generally are not taking advantage of the credit and

officials in the Government.

circulation, there would

Organization, which has been formed

the

The same report was current in the cloak rooms

of money hoarded

Citizens' Reconstruction Organization.
Reconstruction

be the opinion

to

the banks

That

great lift to the whole of our economic progress.

The Citizens'

broadcasting

quote also said:

we

known

and office buildings

increases unemployment and sorely afflicts

will deny that if the vast

they include many

most powerful in

ministration personnel.

J.

It strangles our daily life,

in

we

vaguely call "hoarding."
our

is

offender.
some

Hoover,

country that not all the hoarders are plain

that

but

of the

some

Against Hoarding of Money.

President

that

Washington

opening of the "baby bond" campaign [on March 6], or pos¬
sibly at some later time [there was no reference to the
matter in the radio address referred to.—Ed.] would make

National

Broadcasting

Co.,

WJZ and WHAM, between 8 and 8:15 p. m.

Morgan's
was

over

trans¬

stations

Mr. Morgan,

his home oil Madison Avenue, pointed out

who spoke from

is on a volunteer basis, and

that "the whole organization
for

exists

single purpose of discovering and relieving

the

"We have reached a point

Mr. Morgan also said:

want."

governments or the gifts of individuals, no

where the aid of

insufficient to meet the conditions

matter how generous, are

So we must all do our bit.

which have come upon us.

.

.

.

hope—and I fully expect that hope will be
great block-aid organization, starting

It is my earnest

this

realized—that

will prove in large measure to be

its work next Monday,

on

REVIEW

MONTHLY

f

it is of smaller

lems confronting the railroads shows that

bblieved

dimensions than has been generally

or

Teported."

requirements of the more important roads," said the

"The

President, "in meeting interest and renewal of their matur¬

meeting their other obligations during

ing securities, and in

$300,000,000 to $400,000,000."

1932 will be from

"Of this

amount," the President said, "the Railway Credit Corpora¬

provide a minimum of from $50,000,000 to $60,-

tion will

000,000, and it is assumed that many bank loans will be

Therefore, recourse to the

continued in the normal way.

the

much-desired solution of the most pressing problem of

Reconstruction Corporation by the railroads will be much

our

country to-day."

less than was

originally thought, and even the mentioned

diminished by revival of the bond market

amounts would be

ANTI-HOARDING

SAYS

HOOVER

PRESIDENT

BROUGHT

ALREADY

HAS

CAMPAIGN

placing of bond renewals in normal fashion."

and the

RESULTS.

difference of opinion existed in the

Intimating that a
11 President Hoover announced, according to

On March

the Associated

Press, that the anti-hoarding campaign was

in

2,395 communities and had shown positive

active

now

bringing money back into circulation,

and useful results in

part:

General Dawes, President of the

chairmanship of Col. Frank Knox has now been extended by the organiza¬
tion to 2,395

communities.

Additional communities are being organized each day under the leader¬

The press of the country has patriotically
literally millions of dollars in advertising and reading space,

ship of eminent men and women.
contributed

believes that at least one-half the burden should be carried by

the Board,

holding the obligations.
To reconcile these
co-ordinate railroad financing by the Government was

institutions

banking

divergent views and

business before the conference.

said to have been the

Action

.

materially aiding the effort.
The

campaign

reflected in the increase of currency returned to circulation, the increase

deposits and the purchase of Government certificates from money

of bank

which has hitherto been in hoarding.

returned to circulation in all sections of

In fact, hoarded money is being

Our people are realizing the moral responsibility involved

the country.

and

The whole effort is

patriotic service which they may render.

the

definitely contributing to the dissipation of fear and apprehension and
the

to

of confidence.

restoration

The campaign is
set

I hope that the committees already

only beginning.

and his

respective communities is returned to work and that Col. Knox

organization will be supported by the extension of their work into every
community
Their

work

just

has

aid

and

employment

where hoarding has taken place.
final objective—that is, the restoration of

organized at

not

one

asking the Reconstruction Finance Corporation to speed action

are

applications for loans which have been pending since the organization of
its Board and final action on which, for one reason or another, has been
To date the loans to the roads aggregate about $48,000,000, but

deferred.

applications now pending are believed to total a much greater sum than this.
The conference came about as the result of a call on Mr. Hoover by
General W.

Atterbury, President of the Pennsylvania RR.

W.

reappeared and with

he

General Atterbury, it was

disclosed, had gone at the request of the Presi¬

Transportation Building and extended his name and invitation

to all members of the

maintained

month

tention

Committee to meet at the White House for a heart-

Those who responded were:

of

known

the

made

At

Board.

Reserve

by

March,

on

Corporation

in all directions.

1

by

Eugene

Governor

and

the

the

during
Its

time

same

the

Alfred P. Thorn, General

for

of

E.

bentures

the

open

Corporation

market.

officials were

represented as somewhat surprised at'a decision of AttorneyMitchell

General

the

that

Agricultural' Department

entitled to 10% of the proceeds

of debenture sales.

$50,000,000

been believed that only

was

was

It had

capital stock subscriptions until it had borrowed

In other
words, it could now float debentures amounting to $450,000,000 on the basis of $150,000,000 worth of capital stock
up

the legal limit on capital stock paid in.

to

which the Treasury had

President Hoover announced on March 25 that the

"Sun"

A',

added:
A total of 587 banks and trust companies have
The average loan to

of the carriers' indebtedness owed them in return for a

an

average

received $126,849,073.

A representative of the

loan associations

with the

A total of 13 carriers has been

average

RAILROAD

land banks have received $775,000

REQUIREMENTS

IN

1932

$400,000,000—RECONSTRUCTION
SUPPLY

PART

OF

of the committee, there

which method should be followed.

Uppermost in the minds of the railroad executives, it was said, was that
loans

from

Finance Corporation

Reconstruction

the

needed to prevent

receiverships should not be delayed because of a difference of opinion among
the directors of the

General Dawes is believed to feel that

Corporation.

banks should be left free to provide
that

their

should

reserves

be

not

credit for reconstruction purposes and

partly depleted by carrying the

even

Dawes Talks to Executives.
General Dawes did not attend the conference.
with

several

railroad Presidents

BETWEEN
FINANCE

as

which require immediate support
the

White

House

conference

bring

about

confronting the carriers

from the Board.
General Dawes said
had dealt with several phases of the

railroads' problems, including loans.

to

But afterward he conferred

to the situation

It was desired by the President, he

"co-ordination

between

the

Mr.

Meyer denied that there

loan policy.

was any

He declared that there
as

to whether

difference in the Board as to its

was no

truth in the report that the

it should grant only half

Secretary Mills, Who also is

a

of the loans

member of the Board, insisted that the

reports of differences within the Board were unfounded.

question

as to

been

brought

He said that the

whether private banks should aid the railroads in meeting

their maturing obligations and in their
up

in

a

definite

way at

reconstruction program had never

the Board's meeting.

Suggestion Made by the Inter-State Commerce Commission.

TO

The suggestion that banks carry half was
an

examiner

of the

first made in a letter from
to the Secretary

Inter-State Commerce Commission

and Treasurer of the Missouri Pacific RR., the latter having

with

Hoover

on

March 18 and 19

railway executives and members of the Reconstruction

Finance
mission

Corporation and

the Inter-State Commerce

Com¬

brought 'a statement from the President on March 19

in which he said that "examination of the financial




the

sought by the railroads and permit the banks to carry the other half of

AND

$300,000,000

CORPORATION

FUNDS.

Conferences had by President

and

railroads

Government."

the railroads' present financial burden.

loan being $3,613,504.

and three mortgage
loan companies have received $1,362,000.
In addition to $50,000,000
turned over to the Secretary of Agriculture for agricultut&jl loans, the
Corporation has loaned $292,084 to one live stock credit association.
Two joint stock

contentions by any of them as to

Board was divided

of $443,461.

Railroads have received $46,975,557.

assisted,

carriers said to-night that while this question was

discussed with the President by several members

said,

banks and trust companies totaled $216,162.

loan per company

corresponding amount

provided by the Corporation.

that

totaling 18 have received $2,917,900,
an average of $162,055 per association.
A total of 13 insurance companies have received loans of $5,765,000, or
Building and

Co.

E, Williamson, President New York Central Lines.
4.25 and lasted one hour and five minutes. . . .
There is a difference of opinion on the subject among the rail executives
also, some believing that the Corporation should provide the full amount
of the loan requested, others holding that the banks should carry one-half
The conference began at

Recon¬

had loaned a total of $234,-

Associated Press accounts to the New York

981,714.

Milwaukee St. Paul & Pac. RR. Co.

financial necessities of the railroads.

bought.

struction Finance Corporation

York New Haven & Hartford RR. Co.

F.

Corporation explained that it would not ask for 'ad¬

ditional

System.

George M. Shriver, Senior Vice-President Baltimore <fc Ohio RR.

were no

the

Gray, President Union Pacific System.

McDonald, Vice-Chairman Executive Committee Southern Pac.Co.

H. A. Scandrett, President Chicago

authorized the De¬

In announcing the debenture issue

partment under the law.

Pacific Ry. Co.

Senior Vice-President Missouri Pacific Lines.

J. J. Pelley, President New

the

being

& Nashville RR. Co.

Fairfax Harrison, President Southern Ry.
A. D.

indicated that the de¬

the Treasury instead of

sold to

be

would
in

offered

Finance Corporation,

Durham Jr.,

M.

Carl R.

Department would receive

the

Co.

Charles Donnelly, President Northern

was

Meyer of the Federal Reserve Board and Chairman of
Board

RR.

W. R. Cole, President Louisville

10% of the contem¬
plated issue for additional seed loans.
Governor Eugene
ture that his

Pennsylvania RR. Co.

Chespeake & Ohio Ry. Co.

Buckland, Chairman of the Board, New York New Haven & Hart-

E. G.

of the Department of Agricul¬

Secretary Hyde

Counsel, Association of Railway Executives.

W. W. Atterbury, President
J. J. Bernet, President

Federal

announcement

of Railway

Executives.

in¬

Chair¬

Meyer,

of

Aishton, Chairman Executive Committee, Association

R. H.

date $250,000,000 debentures

eiarly

an

CORPORATION.

FINANCE

Corporation

activities

its

at

issue

to

made

was

Finance

Reconstruction

The

man

RECONSTRUCTION

THE

OF

Executives, which happened to

to-day.:

be meeting here

to-heart talk with Mr. Hoover.

ACTIVITIES

But half an hour later

call.

him were the other members of the Advisory

Committee of the Association of Railway

dent to the

He was

short time, and when he departed he indicated

his visit was just another "courtesy"

that

present

agriculture.

to

heard in the Capital to-night is that the

on

with the President only a

will continue until the last dollar that has been hoarded in their

up

roads

Loans Is Lrged.

on

Other unofficial information

produced positive and useful results, as

already

has

the

railroads need in order to meet their maturing

On the other hand, it is said that Eugene Meyer, Chairman of

obligations.
the

Reconstruction Finance Corporation, is

take the position that the Corporation should carry

maximum of loans which the

Citizens' Reconstruction Organization under the

The campaign of the

18, to the New York "Times" said

ington dispatch, March
in

understood to

The President's statement said:

making loans to the railroads, a Wash¬

ration could go in

increasing bank deposits and swelling the sales of Govern¬
ment bonds.

Reconstruction Finance Corpo¬

directorate as to how far the

prob¬

the Commission for
tion.

It

was

approval of

suggested that a

banking firm of J.

P.

Morgan & Co. to ascertain whether the bankers

would be willing to carry half of the carrier's
a

time

as

the

indebtedness to it for as long

Reconstruction Finance Corporation

sponding amount.

applied to

loan of $23,250,000 from the Corpora¬
representative of the road approach the
a

might carry a corre¬

MONTHLY REVIEW
The amount of the indebtedness to the bankers

had been followed and that the bankers

unwilling to

agree to such a

Alleghany Corp.
Interstate
from

At

Chesapeake & Ohio Railway to
Sweringe©

frowned

upon

on

Commerce Commission,

according /to accounts

be

may

of

necessary

The condition

that

was

security

for notes to be used in connection with the purchase of or payment

"stock of

other company or of any person,

for

evidence of indebtedness of any

any other company or any

partnership, or association," unless such

pledge is hereafter specifically authorized by the Commission.
of the

new

notes in

A brief memorandum of the Commis¬

$3,950,658.

made public on the date

of its report, March 11, but the

text was

nO)t made public until to-day.
Referring to the issue of notes for the purchase of the stock, it says:

"The record fails to show whether the applicant intends to use as
lateral for the foregoing notes any of the bonds which it is

ity to pledge.

col¬

asking author¬

public interest and under existing conditions we think it is proper to require

keeping railway properties

otherwise

of

connection with the provision of funds

in operation, meeting fixed charges and

maintaining credit and that the authorization granted herein

should be restricted accordingly.

It is

our

view that it was not the intent

Congress, in exempting short-term notes to a limited extent from the
power,

short-term

financing by borrowing for

to the

germane

maintenance

other than those strictly

purposes

and operation

THE

HOUSE

ALSO

PROVIDE

A

FUND

BANKS

HUGE

WITH

OFFERS

NATIONAL
FOR

of their properties in inter-

State commerce."

NATIONAL CREDIT CORPORATION TO REPAY SUBSCRIBING BANKS—

15% PAYMENT MARCH 28 AND 10% APRIL 11.

On March 8 the

daily

tion suggestion on

that day when Representative Steagall
Alabama, Chairman of the Banking land Currency Com¬
mittee, introduced a bill to create a fund of $517,000,000 with
to

guarantee deposits

in

instance

the

President

of

but

non-rediscounta ble

collateral,

repay on March 28 to subscribing banks

paid by such institutions for
it

was

learned

on

for the intended

to

15% of the funds

renewable gold notes,

one year

March 22.

arranged

On April 1 notice was issued

repayment of another .10%

April 11.

on

GLASS BANKING BILL INTRODUCED IN SENATE IN REVISED FORMAMENDS FEDERAL RESERVE AND NATIONAL BANKING LAWS.

In

revised form, the bill of Senator Carter Olass,

duced in the Senate

Senate

March 17, following its revision by a Sub-Commit¬

on

tee of the

the

Senate Banking !and Currency Committee.

original bill the

places

severe

revised measure,

it

Like

pointed out,

was

restrictions npon the use of Federal Reserve

credit for collateral loans, creates a

liquidating corporation

to take over the assets of closed banks,

m'akes

intro¬

Jan. 21, was again presented to the

on

drastic

restrictions

defines affiliates and

branch

upon

banking.

While

stating that the

new

bill follows generally the lines of the

original

bill, it

was

noted that

changes

have

been

made,

several

rather

important

during the prolonged

however,

study which has been made by the subcommittee.

standing features of the
in

a

Washington

"Journal
1.

bill

new

dispatch,

were

2.

17,

March

to

the

The out¬
as

follows

New

York

Prohibition

against the making of loans for

the account

of others

(1)

By

transferring $167,000,000 from the

States Treasury.

banks had

no

banking

This amount, Mr. Steagall said, had been

4.

Restoration of surplus

of Reserve banks

distributing earnings contemplated in
5.

the Reserve Board to

are

6.

as

of Dec.

31

require

cease

a

last

before

amendment.

Penalty clause, proposing withdrawal of 15-day borrowiug

sory notes, modified so as to
or

new

previous order from

a

on promis¬

Reserve bank

increasing security loans while Reserve funds

being borrowed.

Existing

requirements for member banks variously located
of restoring over a period of five years reserves
formerly

reserve

altered to the extent

required supporting time deposits.
7.

Liquidating corporation to be set

under this bill to be given au¬
thority proposed in Thom^s-Beedy closed bank bill to issue debentures in
amount fbur.times its

up

capital, if desired.

8. A minimum capital of $100,000 to

(3)

9.
of

a

of obtaining

an

additional $70,000,000 by the same process after the Board
to function.

commences

added, to create

was

'a

The Steagall measure proposed, it

"Federal bank liquidating board,"

composed of the Secretary of the Treasury, Comptroller of
the

Currency and three members appointed by

the Presi¬

assess member banks an

additional $100,000,000 annually after the first 12 months,

institutions.

are

have

'any member bank,

the Currency as insolvent,

of

Federal

Reserve

bank has

System

be returned to the member banks.

at not

over

off all depositors in installments, the final payment

cent,

per

to strengthen crippled

necessary

The Board would take

be made 20 months after the

to

more

come

than 10c. for each

to the situation

collapsed.

Fifty

earnings

would

net

Authority to "tax" checks

$100 would be allowed.

where, so far

"We

National banks

as

concerned, people will not longer trust them," Mr. Stea¬

are

gall told the House.

"Millions

afraid.

are

This

did

not

just happen.

It was brought about in part by conditions

could

foretell, also by unwise, unfriendly and unjusti¬

no one

fied

strangling

have been turned

processes that

by the

on

law, and by the Administration, and by the Federal Reserve
banks.

The

money

Federal Reserve

Act did

for the Reserve banks.

Treasury $167,000,000
no

business to

as

intend

not

to

franchise tax, a tax they had

a

The Federal Reserve surplus

pay.

make

But they have paid into the

now

is

$275,060,000."
Mr.

Steagall said it

putting their
to obtain

funds,

in mind and

was

idle to talk to the people about

in banks where the banks would not

money

trust one another.

Any banker who

even

specific date

a

on

to another bank

goes

for 30 days, with

specific purpose

a

which it is to be returned,

,&e said, is confronted with a demand that he put up three,
U>ur or five times the amount he desires to borrow, in securi¬
He referred to

a

member of the Reconstruction Finance

Corporation urging the people to trust the banks but that
same

man

before

comes

"when

an

applicant for

that board will

five times the amount loaned
sound

and

bank."

adequate before

an

emergency

be demanding from

in collateral

lie

will loan

loan

three to

security that is
a

dollar to

that

"Yet," Mr. Steagall added, "we talk to the citizen¬

ship of the country about placing their money into banks
to prevent

hoarding.

of the country are

The truth of the matter is the banks

doing the hoarding.

tion where they cannot be blamed.
them

to

do.

AS

PROVIDED

ESTIMATED

LUTION

TO

in

a

situa¬

IN

AT

BINGHAM

BETWEEN

time like this."

RECOMMENDS THAT

BILL

BE

FORCE

$347,000,000

CONTROL BACK

CONSIDERATION

TO THE

4% BEER

LEGALIZED—TAX YIELD

MINORITY REPORT DISAGREES—HOUSE

existing bank $25,000.

are

They dare not turn their money and liquid

REPORT OF SENATE SUBCOMMITTEE

be required of banks in future

They

It is all th'at is left for

assets over to business purposes at a

In "very exceptional cases" the new bill would permit establishment
branch bank across an adjacent State line, but not further

AND

VOTES

FOR

$800,000,000—
DOWN

TURNING

A

RESO¬

LIQUOR

STATES.

away than

50 miles.

No bank with less than $500,000 capital would be
permitted
branches outside of its own domicile.
10. There
member

(2) Adding

Assessing member banks $130,000,000 in

ratio to their deposits, with the provision

seeking national charters, except when in towns of not exceeding 6,000
inhabitants, their -capital to be $50,000, and if formed to take over the
business of any

franchise tax when the

as a

to make such piayments.

reason

$275,000,000.

1

3. Removal of recalcitrant executives from their banking positions when
complaint is made against "bad banking" methods provided for.

man¬

United

$130,000,000 from the Federal Reserve System surplus of

the

(

Compulsory banking by incorporated firms in recognized

institutions omitted.

Guaranty

the Federal Re¬

System," and would be created in the following

serve
ner:

ties.

of Commerce":

collateral security withdrawn.

on

indicated

Reserve member

the "Federal

as

Fund for Depositors in Member Banks of

and pay

at

Hoover to make advances to banks throughout the country
sound

Federal

The fund would be known

House

on

contained dispatches from

of

provided such funds

Corporation, the so-called "bankers'

October

DEPOSITS-

cratic leaders of the House had taken another Administra¬

certified by the Comptroller of

last

AMENDING

LAWS—WOULD

GUARANTEEING

papers

pool," organized under the leadership of New York Clearing
banks

FOR

HOARDING.

dent, which would be authorized to

The National Credit

BILL

BANKING

Washington, dated the day before, s'aying that the Demo¬

that carriers should restrict their freedom of action in

regulatory

OF

paid by Federal Reserve banks

The conservation of the credit of carriers is a matter of

that bonds issued be used only in

to

objections,

sharply deflationary.

hanks.

York Chicago & St. Louis stock, for which it issued last month one-year

was

any

stated

a

bill considerable opposition

the

CHARGES

which

Marquette stock, 216,000 shares of Erie stock and 167,300 shares of New
notes to the amount of

on

different provisions developed, the

AND

Commission was

Chesapeake & Ohio from the Alleghany Corp. of 46,200 shares of Pere

sion's action

holding by

years.

RESERVE

paying for the purchase by the

The text of the report shows that the purpose of the
to prevent the use

or

Ohio to pledge so

part of the bonds shall be pledged as

no

period of

FEDERAL

and not for the

collateral security for $9,000,000

as

the purchasing

CONGRESSMAN STEAGALL OF THE BANKING AND CURRENCY COM-

issue of $28,142,000 of refunding and

an

prohibition against

hearings

MITTEE

of short-term notes.

for

was

acquiring securities of other railroads, in the report made public

improvement mortgage 4J4% bonds

any

it

that under existing conditions rail¬

conditionally authorizing the Chesapeake &

as

the

March 17 by the

road credit should be used for strictly railroad purposes,

to-day,

the

a

however, being centered mainly around the contention tbat

Washington, which said:

purpose of

and

dividend for

many of its

A declaration by the Commission

much

balances

national bank the obligations of any corporation not having earned

called."

off the hands of the Van

was

they are

proposition and believe that the notes

Use of the credit of the

stocks

suggestion

"have indicated tbat

be paid on April 1 1932, as of which date they have been

take railroad

Repre¬

$11,700,000.

was

sentatives of the road advised the Commission later that the

g

is

bank

removed

offering

from

the

orignal

compensation




for

bill prohibition against any
maintenance of checking

the

A

report recommending the sale and manufacture of 4%

beer, as provided in a bill (sponsored by Senator Bingham)"
amending the Volstead Act, was filed on March 19 with the

h

MONTHLY
Committee

Senate

members of

of

member

(Republican) of West Virginia, also
filed

subcommittee,

the

minority

a

report,

report of the majority of the com¬

which declared that "the

responsive to the evidence brought forth at

mittee is not

Senator Hatfield is also quoted as follows:

hearings."

which would satisfy neither

There is no reason for a change in the law,
the

of

subcommittee of the Manufacturers' Commit¬

a

Senator Hatfield

tee.

the

Metcalf

Messrs. Metcalf and Bulkley constitute the majority

Ohio.

a

Senators

fry

Manufactures

on

of Rhode Island and Bulkley (Democrat)

(Republican)

of the Eighteenth Amendment, which

opponents nor the supporters

REVIEW
1933

as

difficulties, and which would divert a large share of the purchasing

of the people from the products of essential industries to that of a

power

non-essential, with the result that economic recovery would be retarded
rather than

Estonian

the

of

to

the

in

Sweden,

of

majority report of Senators Metcalf and Bulkley

Washington account to

quote the following from the

Commerce":

the New York "Journal of

considered

unemployment, ma¬
terially assist agriculture, and national finances, whether the bill would
and

materially

crime,

decrease

decrease

operation and whether 4% beer would be considered in¬

be practical in

/-."''v':

toxicating.

v';/'

"

'/

•

■.

strongly
affirmative, it is recited, and in connection with the last, "doctors and
'

in response to all save the last question were

The findings

scientists testified that

healthful
deleterious effect."

stimulant
,

and

virtually

with

food

wholesome

a

no

Legalization of such a brew would provide a market for between 60,000,120,000,000 bushels of barley a year, says the majority report,

000 and

of beer following its legaliza¬

and continues: "The minimum consumption

tion would be not less than 70,000,000 barrels, and the
not less than

maximum probably

120,000,000 barrels.

pint bottle, would be not less

"The tax yield, figured on a basis of 2c. a

With a
much higher tax of 4c. per pint (or nearly $10 a barrel, compared with $6
in 1919), the minimum yield would be not less than $650,000,000, with a
than

$347,000,000 and probably not more than

maximum possibility of

$800,000,000.

$1,100,000,000."

Paris

his

other

hand,

Representatives,

of

House

the

on

March 14, by a vote of

action

blocs

posal for
r

force

to

Beck-Linthicum pro¬

the

on

amendment of the Constitution turning liquor

an

control back to the States.

OF

KREUGER—WORLD-WIDE

IVAR

GEORGE

OF

to contend with in the suicide

which

in

in ill

also

was

perceive

with

which

Mon¬

on

suffered !a

breaks occurring in all the securities

Kreuger

associated

been

has

name

dealt in in the New York market,

are

he

quick to

was

and

implications,

the stock market, as a result,

severe

the

which

Stock Exchange

and

though

involved,

more

and

particu¬

The

Swedish financier

His

interests

issues

bond

of

the

over

world,

Match

which

Co.

were

wholly

apart

all-embracing

their

from

Sweden; and the sudden development of this

character in

weak spot in

new

International

the

The Kreuger enterprises had ramifications all

placed here.

world 'affairs naturally had a very de¬

pressing influence, with the result that leaders in business
and financial circles

ill results
astrous
in

follow.

to

in

outcome

recalled

attended

and

sorts of

what a

train of dis¬

followed

the collapse

of the Kreditanstalt, the largest private

year

Austria,

and

this

of

inclined to conjure up all

They

consequences

May last

bank

were

new

the
outcropping of disaster in another
they

were

apprehensive as

to

As it happened, -too, the news of the death

part of Europe.

by his own hand of George Eastman of photographic fame
involved
there

for

the

such

the

wrere

but

act,

the

commanding

a

itself occasion for
And

a

no

In this chse

gloom.

financial involvements to account

passing out

sudden

in

figure

Mr.

of

with

business

cription.
to

wTas

feeling of despondency and depression.

Eastman's

been
such

an

W.

was

G.

a

the Eastman

on

every

the

des¬

was

had been

s'aid, in explanation, that the

reduction




in

He added that there

the amounts

to

Mr.

and unmarried.

$400,000,000

the

which

in

Company.

More

turn

Match

subsidiaries of the

220 additional

than

Swedish

the

International Match

the

owns

Kreuger & Toll Company operate in all parts of the world,
in

and

banking,

as

iron

paper

and

production and

ore

Match manufacturing was the most important

monopolies

activity,

loans in

for

change

factories,

chemical

real estate.

single

activities

diversified

such

mills,

pulp

having

obtained

been

in

ex¬

Lithuania,

Latvia,

Estonia,

Poland,

Yugoslavia, Rumania, Greece, Ecuador, Peru, Danzig and
special

while

France and

regret

made with

were

in

of Mr.

York

New

for

the

expressing deep

statement

"During

Kreuger.

of his visit -to America he was ill and seemed

of

"He recovered

a

death

the sudden

the verge

on

issued

companies,

over

bankers

Co.,

&

Higginson

Lee,

Kreuger

also

agreements

Germany.

a nervous

breakdown," the statement said.

sufficiently to permit his departure for Paris,

He had

loan negotiations with us during

no

visit, but his review to

us

his

of the financial position of his

companies appeared satisfactory, considering the condition
international

of

Match

difficulties

the

and

trade

transfer throughout

Co., in Stockholm, issued

exchange

of

Officials of the Swedish

the world."

statement the same day

a

attributing the death by suicide of Ivar Kreuger to "the
superhuman burden of work which he had borne during the

and which resulted, while he was in New

last few months,

York,

in

business
In

of

sessions

to extend

Mr.

alarmed his

held

Parliament,

over

the

the Government

passed authorizing

brief moratorium to business interests in Swe¬

a

Acting

Toll

Swedish

the

were

this legislation, the Cabinet decided early

on

to grant this privilege to the Kreuger

Monday (March 14)
&

much

colleagues."

week-end, laws

den.

which

breakdown

nervous

a

Co.

and

three

to

affiliated

smaller

to

concerns,

Kreuger's heirs and ,to four of his business associates,

"The moratorium scheme bad

including Krister Littorin.
been

before

prepared

dispatch
ment,

to

it

the

Mr.

as

country

result

a

express

basically

New York

-the

occurrence,

Monday

view

sound,"

quite

the

"Herald Tribune"

Stockholm

Stockholm
Govern¬

and

all

banks

morning.

in the

"Stockholm

Kreuger companies

dispatch of Monday to the
said.

Exchange

"Their difficulties are

the form of loans to Ger¬

European States."
Stock

a

The

Kreuger's death as a

the

that
a

caused chiefly by frozen assets in
many and other

said.

No banking difficulties were looked

the

business

resumed

financiers
are

of

Mr.

regarded

"national catastrophe."
for

"Times"

York

New

added,

was

Kreuger's death,"

It was announced that

would close until

further

notice, this action being taken, dispatches said, to prevent
any

panicky liquidation of Kreuger issues.

announced, however, late Tuesday,

trading

on

PAYMENT

A decision w!as

(March 15)

to resume

the Stockholm Exchange Monday, March 21.
OF

$2,000,000,000 SOLDIER BONUS ADVOCATED

'

REPRESENTATIVE

BY

PATMAN.

obliged to

dropped because current earnings

justify its payment.

a

result of

a

through

controls

organization

Company,

Declaring that "balance the budget

its stock for the first time since

would

be

character and

company

did not appear to
also

in common

Stuber, the President of the company, then

early in February)

extra dividend

of

recently,

as

52 years old,

was

controlled

were

This

concern.

great diminution of its income

that

extent

had

death,

undertakings
suffering

omit the extra dividend
1005.

world

Co., the stock of which broke badly on the announce¬

ment

and

existence of

of

the industrial

there readily came to mind the fact that

Kodak

(it

further

community in

apparently

out only

Kreuger & Toll Company, which is a holding and financing

larly Kreuger & Toll shares, altody selling at very low

figures, Kreuger & Toll 5% bonds, and likewise the different

made

suicide-was

the

of

Discovery

March 4.

,

serious reverse

a

March 12 of Iv'ar Kreuger,

become

Our

health.

14,

collapse,

on

had

he

significance

its

day, March
new

world had

evidently because of the financial

head of Kreuger & Toll,

difficulties

FAME.

OF PHOTOGRAPHIC

EASTMAN

business and financial

The

SUICIDE

RAMIFICATIONS—DEATH

being given

the news

apartment,

the latter part

THE KREUGER & TOLL COLLAPSE AS THE RESULT OF THE

Government for the extension

Kreuger's failure to keep business appointments in Paris.

227 to 187, rejected the proposal of

the wet

Exchange

while arrange¬

being,

time

important stock exchanges in the world had closed.

Turkey,
the

On

occurrence

private debts, if such should prove neces¬

on

beverage containing alcohol in such high dilu¬

a

tions would not intoxicate, but that in general it would serve as a

the

Mr. Kreuger shot himself late Saturday afternoon,

sary.

after all

following angles: Whether or not adoption of the bill would promote tem¬

ramifications

with

Sweden

In

ments were announced by the

in

head¬

with aggregate capital

national calamity, the Stock

a

closing for the

Stockholm

in

recites that the question was attacked from the

The majority report

perance

$1,000,000,000.

than

more

promoted.

As to the

organization

that extended into all countries and

was

his

Kreuger built up an imposing

Mr.

financial

and

From

ultimate consequences.

as

quarters
industrial

associate of Ivar

monopoly and

match

also taken his life was calculated to renew

Kreuger, had
f^ars

that M. Margus, director

(March 17)

land, on Thursday,

of moratoria

we

As to the

the news which came from Helsingfors, Fin¬

consequences,

would be of doubtful Constitutional validity, that would add to enforce¬
ment

dividends to employees for 1932.

wage

import to be attached to the Kreuger 'act, and the possible

be

paid in

of the nation" is

of

Texarkana,

a

or

impair the credit

fallacy, Representative Patman (Dem.),

Tex.,

advocated payment

in

a

written

statement

March

26

of the $2,200,000,000 remaining due

3,660,000 World War veterans by issuance of United States
notes.

According to the "United States Daily" Speaker

1

MONTHLY REVIEW
Garner
his

(Dem.), of Uvalde, Tex., said

understanding

mittee of the House would begin

proposition
The

as

"Daily"

soon

as

gave

as

the same date that

on

Com¬

that the Ways and Means

was

hearings

this bonus

on

bill.
follows Mr. Patman's statement of
the House disposed of the tax

The President and the Secretary of the Treasury

know what will restore

business conditions, but they are not favorable to

the plan because it is

alleged to be against the interest of the ultra-rich.

charge of our currency

The failure of the bond-holding class, who have

system, to permit the use of the idle gold in the Treasury

is the cause of our

troubles.

moted by such a move.
values will rise.

velocity and

commodity
price for their products; they

Farmers will get a better

and this wiU give them pin-chasing power;

power

factories will supply their needs which will put
There is

one way

that the currency can

labor to work.
be inflated by placing money in
paying a dole or bonus but

every nook and corner of America, without

by

3,660,000 veterans of the World

The remainder of $2,200,000,000 due

their adjusted service certificates can

annual

than $112,000,000 until 1945 in

payment of more

addition to abolishing a

be paid without a bond issue,

additional interest charges and save the

without increasipg taxes, without

Government

Government Bureau which will save

the people

tens of millions of dollars.

of the remainder due a veteran who has
interest paid

If not paid now, practically all

his certificate will be consumed by compound

on

The veterans and the country

banks and the Government.

to

need this

money now.

This money can be paid by the

issuance of United States notes. We have

$346,000,000 of these notes outstanding now which are backed by 40%

similar
I: manner.
The result of this operation will be to convert a Government
non-circulating obligation into a Government circulating obligation.
The issuance of this additional currency will not affect the gold standard
we will still have more than a 40% gold base; in fact, we need $2,500,000,000
of gold to stabilize our currency and we have $4,500,000,000 in gold.
We have sufficient idle gold to back the $2,200,000,000 in a

gold.

The

holders

that

of bonds

voted by the people to build roads,

were

schoolhouses, and to make other public improvement when one bale
cotton

would pay $100 on the bonds do not want

because they are now getting four

The same

and the bonds four times.

illustration can be applied to other

commodities and labor.

"Balance the budget or the credit of the

Nation will be impaired" is

told
The
Nation owes, or will owe June 30, $18,000,000,000, or a ratio of 22\i to 1.
The situation is comparable to an individual who owns a business worth
$22,500 and who owes $1,000 on it. The increase of $4,500,000,000 in our
National indebtedness will be comparable to the individual increasing his
$1,000 debt on his $25,000 business to $1,250.
Do you think such an
increase would impair the credit of either the individual or the Nation ?
President

through

Hoover

anti-hoarding advertisements.

the

ELECTIONS—IMPROVEMENT

GERMAN

THE

OF

AND

GERMAN

BRITISH SITUATION AND

The outcome of the German elections

proved

Toll

on

Sunday, March

decided improvement in

the condition of

things in Great Britain marked the course of events during
the

month, and to
and,

many,

as a

some

extent also the situation in Ger¬

matter of fact, European affairs generally.

At the German elections President

18,661,736 votes,

rule of its own,

von

Hindenburg received

only 168,453 less than an absolute

or

Adolph Hitler,

majority of the 37,660,377 ballots cast.

and when,

The

New

announced

Bank

Reserve

the "Nazis," while

on

conjunction with other Federal Reserve

portion of the

banks it had renewed for three months its

$100,000,000 credit extended the Bank of Germany in June

Bank of England, the Bank of France and the

last year—the

three

been the other

As a matter of
fact, the Reichsbank repaid 10% of the credit and the
extension for three months applied only to the remaining
participants each for $25,000,000.

The Reichsbank agreed to repay altogether

$22,500,000.

On March 8 the Bank of Germany also

$25,000,000).

reduced its discount rate from 7 to 6%

showing pronounced gain

promises by
as

compared

7,333,165 less than

and its Lombard

A Berlin cablegram,
4, stated that the stand still agreement for mainten¬

(or collateral loan) rate from 8 to 7%.
March

of

ance

foreign short-term credits to Germany which went

into effect March 1 would not be affected

by the payment

by the Reichsbank of this $10,000,000 on foreign
account,

credit

the standstill creditors had already

most of

as

agreed not to take advantage of their option to revoke

the

agreement.
In Great Britain, too,

Great Britain
that

on

was

there was multiplying evidence that

convalescing

very

fast, notwithstanding

March 11 the British House of Commons

extended the

Suspension Act for another year. On March 2, Neville

Chamberlain, Chancellor of the Exchequer, told the House
of Commons that the restrictions on

the purchase of foreign

exchange, which were imposed the previous
the time of Great Britain's

withdrawn the
the

news

that

same

September at

flight from the pound would be

evening. At the same time he confirmed

Friday, March 4, the British Treasury

on

$150,000,000 of the credits it obtained from

private bankers in New York last August in the
save

the pound, thus

endeavor

leaving only $50,000,000 of that

the British
this latter amount
would be paid off March 29 and the remaining $20,000,000
on April
5. The credits from Paris, which were originally
also in the neighborhood of $200,000,000 in two sections of
$100,000,000 each had in the case of one of the sections, been
large credit still unpaid, while on March 28
Treasury gave notice that $30,000,000 of

reduced

He described the repayment to

$35,000,000.

to

New York

"final," according to

as

York "Times," since
return a

to

despite extravagant election

with 1930, secured 11,328,571 votes, or

all the differ¬

as a consequence,

Federal

York

March 4 that in

from

party,

arbitrary

and establish

tyranny.

Fascist

a

cablegram to the New

the American lenders had consented

proportionate part of the 1% commission as
maturity of the existing bills.
The

the date of the

other $100,000,000

section of the French credits, he pointed

bills, "and we have no
(the lenders) to accept repayment
The restrictions on dealings in exchange

is represented by Treasury

out,

The Communist candidate, Ernst Thael-

power

to require them

received 4,971,079 votes; the Nationalist candidate,

before

August."

Hindenburg.

mann,

the German test was

people were subjected last

political parties combined to vanquish the new form of

Austrian-born leader of the National Socialist, or German

von

a way

methods to seize control of the reins of power

to

gratifying, and, barring the Kreuger &

very

disaster,

IN

IN

GENERALLY.

FOREIGN AFFAIRS

19,

In

people.

autumn, when organized labor undertook by most

would repay
RESULTS

com¬

Von Hindenburg represented no party, but repre¬

that to which the British

Gold

The wealth of the Nation is $400,000,000,000; so we are

fallacy.

by

like

of

the currency inflated

bales of cotton for a $100 payment; this

is equal to increasing the interest

a

candidates

$10,000,000 (or $2,500,000 of each of the four portions of

Payment on Notes Advised.

borrowed

absolute majority over

Bank for International Settlements, having

debt.

a

an

triumph for the orderly elements of the German

was a

sented the German

ent

If the volume of money is increased,

already have consuming

on

bined,

The public welfare will be pro¬

that is to increase the volume of money.

getting

the votes cast for all the other Presidential

one-half what it was three

There is only one way to make up for the lack of

years ago.

in which President von Hindenburg

fell only a trifle short of

a

Larger Money Volume Urged.
The velocity of money and credits Is about

War

result of the election,

people.

March 26:

paying

constituted authorities but law and order as well; and the

Theodor Duesterberg,

received 2,517,876 votes, and Gustav

Winter, Independent, received 181,115 votes.

It

sidered

Hindenburg

was con¬

were

put into effect on Sept.

21 1931, when the Bank of

England suspended gold redemption of its notes,

and was

easily carried Cologne and Munich, the headquarters of the

designed to prevent speculative sales of sterling by British
nationals and the flight of capital from England. Actually,

"Nazis," and also obtained

it

especially significant that President
an

von

absolute majority in Ham¬

burg, the home of the Communist candidate.
made

great gains,

election returns,
In

however,

von

dential chair,
fices.

For

a

compared with the 1930

when the party polled 6,400,000 votes.

the run-off election

President

as

The "Nazis"

on

April 10 it

seems

certain that

Hindenburg will be confirmed in the Presi¬

especially

as

at that election a plurality suf¬

time the outcome of the German elections

was

was

stated in the newspapers, the restrictions were never

enforced because the British

public took the suspension of

gold standard calmly and made no general attempt to
convert its money from sterling into other currencies.
As further evidence of improvement the Bank of England
the

made successive reductions
it had reduced from 6 to
to 4 % on

in its discount rate.

5% and

now

On Feb. 18

in March, reduce first

March 10, and then to 3
% on March 17. Tangible
in British affairs in other directions

ignored in view of the Kreuger downfall, but its importance

evidence of improvement

and

also

significance then received

elections

proper

determination

involved

of

recognition.

the

These

question whether

the German

people

pended

to move along in accordance with fundamentally

upon

sound principles in

were

looking forward and could be de¬

national affairs,

the dictation and control of

President
the

von

a

or were

going to yield to

wild and revolutionary leader.

Hindenburg in this great contest represented

best element

of

the

German population,

while Hitler

represented those who would not only overthrow the regular




wrote for the
was

John Maynard Keynes, the

kept coming to hand.

British economist,

not

of

some

of them in

article he

One

obliged to subscribe to any of the fantastic doctrines
the

is

so

fond of promulgating while yet taking

improvement which he reported

place. Mr. Keynes said:

was

taking

)

"Our British textile industries are
more

an

spring number of the "Yale Review."

which Mr. Keynes
note

mentioned

producing 25 to 30%

than they were; our tinplate trade is almost flourishing.

"I

MONTHLY
Our motor

there is.

industry is in

Our

less

than

money

means

any

that it will

the available

general easing of the monetary

Europe, other central banks likewise

were

discount, in addition to those by
On March 2 the

from

% to 5 34 %.

On March 1 the Bank of Lithuania

834% to 734% and the Bank of Chile

from

On March 3 the Rumanian National

6% to 534%-

Bank reduced from
on

8% to 7%.

The Bank of the Irish Free

March 10 reduced from 6% to 5%,

the Danish National Bank reduced from
the Bank of

5.84%.

and

on

March 11

6% to 5%, while

Japan marked its rate down from 6.57% to

On March 18 the National Bank of Austria reduced

from

8% to 7%, and

rate

had

remained

on

March 21 the Bank of Italy, whose

unchanged at 7% since the previous

Sept. 28, reduced to 6%.
THE

There

STATE

OF

TRADE.

change for the better in the state of trade
and little or no indication of an early change in those lines
of business where an increase usually occurs with the advent
of spring—that is, the seasonal advance was smaller than
usual, and in many instances there was no increase at all.
As a matter of fact, the developments in Congress regarding
plans for devising new sources of revenue and balancing the
Federal budget, which involved taking care of a Treasury
deficit in the aggregate of two billion dollars or more, were
not such as to stimulate activity and served rather to act as
a
damper upon enterprise. As far as the steel trade is con¬
cerned, the "Iron Age" reported a slightly higher rate of
steel production at the beginning of the month, the steel
mills of the country being reported as having increased their
operations from 26% of capacity to 27%, notwithstanding
the continued absence, the "Iron Age" reported, of important
tonnage from the three major steel consuming groups—the
automobile industry, the railroads and building construc¬
tions—the increase in the rate of operation being ascribed
to slightly expanding releases from miscellaneous classes of
consumers, but by the end of the month there was a drop
to only 22% of capacity, the "Iron Age" saying that the
mild expansion in the requirements of miscellaneous con¬
sumers had not been sufficient to offset the lack of important
buying by the major steel-consuming groups. Towards the
close of the month, however, some of the trade papers were
was

no

inclined to take

a

more

favorable view of the future, one

steel

authority saying that despite the failure of steel business
to improve during March, normally the month of peak opera¬
tions, the industry was still looking forward to a seasonable
rise of some proportions and current indications were that it
might come in April. The "Iron Age" in its issue of Mar. 24,
stated that expectations of betterment were predicated on the
fact that the Ford Motor Co. must soon release large orders
if it was to attain a volume production scheduled for early
in

April, and other automobile manufacturers who were
marking time pending the showing of the new Ford cars
probably would also release business that had been held
back for weeks because of restricted output; furthermore,
a mild
expansion was taking place in orders for track supplies
for laying of rails and for steel used in highway construction.
Orders for structural steel and
work

reinforcing bars for building

though not impressive.
Some
was expected as a result of the
announced price advances that were to go into effect on
bars, plates, shapes, sheets, hot and cold rolled stripped
steel and bolts and nuts on April 1.
Although many steel
companies had been quoting the higher prices for two weeks
or more
on
current business, there had been little test,
owing to extensive contract coverage for the first quarter.
Efforts to strengthen prices were complicated at seaboard
points on account of growing foreign competition.
The
"Age" also said that steel companies were adding a clause
to their contracts by which the proposed sales tax on manu¬
were

more

numerous,

stimulation of steel orders

factured articles contained in the tax bill under consideration
in the House of

passed

on

to

Representatives at Washington would be
consumer.
This proposal was defeated

the

when the House

came

to vote on it

for March 31 the "Iron

on

In its issue

March 24.

Age" reported:

Notwithstanding that the steel-making rate has not been so low during
the

entire depression except for a brief period last December, the steel
industry believes that this is the "zero hour" and that new business, prin¬

cipally from the automobile industry but to

some extent from
will lift operations appreciably during the next
fortnight.

other sources,

Large orders from the Ford Motor Co., which have been looked for durfor during the five weeks that have
elapsed since the much-heralded Ford
announcement of its new

orders have been placed,

models,

are

expected momentarily.

Some small

and makers of parts for Ford cars have

issued

releases of minor amounts.

Volume production of Ford cars is now ex¬
pected to begin the week of April 18, in which case some of the steel that

requires two
t

or

three weeks for processing must be ordered almost at once,

is believed that the public

*ampaign that General Motors




showing of Ford
has announced.

cars

was

hastened by the

The Chrysler and

Chevro¬

second

quarter

steel

contracts

at

reported

Age"

the composite price of finished steel
lb., against 2.037c. a month earlier,

gave
a

ton, against $14.47 a month earlier and $15.71
period in 1931.
The composite price of steel
scrap was put at $8.21 a gross ton, against $8.25 a month
earlier and comparing with $11.08 at the same time in 1931.
The pig iron composite was stated as being the lowest since
September 1915, while that for steel scrap broke all records.
a gross
same

THE

COURSE

OF

THE

AGREEMENT FOR

534 to 5%, after having in February reduced

them from 6

placed

comparing with 2.128c. at the same period in 1931.
composite price of pig iron March 29 was reported at

at the

Norway and the Bank of Sweden both reduced their

reduced its rate from

State

The "Iron

$14.43

a

have

March 29 at 2.087c.
The

trade."

over

companies

,

increases in prices.

and

secure a

England and Germany already noted.
rates

losing much

let

larger proportion of

gradually

able to lower their rates of

Bank of

now

REVIEW

of its competitors, which probably

As further indication of

situation all

position to get what export trade

Our mercantile marine is

few months.

a

a

heavy industries are likely to improve within

'

The

NON-FERROUS

METALS—NEW

COPPER CURTAILMENT.

of prices of the non-ferrous metals was towards
though in the case of copper there was some
interruption to the downward movement. Another agree¬
ment for the curtailment of the world copper production
was arranged during the month and this accounted for the
interruption in the downward course of prices of the metal.
With reference to this agreement, the New York "Times"
of March 12 reported that after holding conferences here for
more than a month, representatives of the world's leading
copper companies had announced the day before that they
had agreed upon further curtailment of production and that
foreign sales would continue to be made through Copper
Exporters, Inc., the co-operative selling organization whose
existence had been threatened by dissension over marketing
arrangements.
The new agreement, which was expected to
become effective at the beginning of April, provided it was,
stated, for an operating rate, by companies participating
in the conference, of 20% of capacity, compared with the
current rate of 2634% decreasing the world's monthly out¬
put from 85,000 tons to between 65,000 and 70,000 tons,
and would probably bring production below the current
rate of consumption, thus causing a reduction in surplus
stocks.
The new accord was hailed by copper authorities
as
offering a program which would stabilize the industry for
several months, at least, and might result in a definite turn
for the better.
The reduction to 20%, it was pointed out,
was the third lowering of output in a little more than a year.
In November 1930 the world's leading producers reduced
output 15% to 120,000 tons a month.
In December 1931
another reduction was made to 2634% of capacity, or 85,000
course

lower levels,

>

tons

a

month.

It appears that of the world's

monthly production of 85,000
(before the new reduction to between 65,000 and 70,000
tons), 30,000 tons approximately represented output of
companies not represented at the conference.
Some of
these companies, it was stated, are small independent units,
and others are in Japan and Canada.
In recent months
these units had shown a willingness to co-operate regarding
curtailment programs sponsored by members of Copper
Exporters, Inc., and they were expected to show a similar
spirit towards the latest agreement.
Some Canadian pro¬
ducers that have a large gold content in their ore would be
under a hardship in reducing output drastically, it was
observed.
That Japanese producers could be relied upon to
co-operate appeared when the Department of Commerce
at Washington made it known on March 10 that the Japan
Copper Association had announced that curtailment of
production would be further increased by 5% for the first
six months of this year, giving a total output of about 6,000
metric tons, according to a report to the Department from
Assistant Commercial Attache W. S. Dowd at Tokio, Japan.
tons

United Press advices from Brussels March 22 stated that

Belgian copper producers had agreed on plans to restrict
their large production on the basis of actual consumption
for the previous three months, in line with the agreement
made with American producers in reducing production to
20% of capacity.
.\
;
Towards the close of February the export price of copper
had dropped to 5 J^c. and the domestic price to 5 34c.
These,
however, were the result of a completely demoralized market
and the result of special cuts and price slashes.
On March 4
it was reported that underselling of export copper by custom
smelters had abruptly ended when those agencies refused to
fill new demands of European buyers of the metal at 634c.
c.i.f. Hamburg, Havre and London.
Consequently, the
price of the metal had been restored to the official quotation
of 634c. as established by Copper Exporters, Inc.
On
March 23, however, the official price of copper for export
was
again reduced 34c. a pound to 634c. c.i.f. Hamburg,
Havre and London by Copper Exporters' Inc.
Special
offerings of the metal were made on March 23 at 634c.
Here in New York, Lake copper was marked down on March
1 from 634c. to 634c., advanced again to 634c. March 7,
reduced to 634c. March 9, and to 634c. on March 11, and
remained at that figure the rest of the month.
Electrolytic
copper was raised
from 534c. to 534c. March 4, was
further advanced to 634c. March 7, and then cut to
534c. March 9, which was the figure quoted the rest of the
month.
The price of lead at New York was reduced from
334c. to 334c. March 1 and further reduced to 3.15c. March
15.
Tin moved irregularly, but on the whole in a lower
direction, being 20.70c. March 31 against 22.05c. Feb. 29.
PETROLEUM AND

ITS

PRODUCTS—RISE

IN

PRICES.

Sharp advance in Mid-Continental oil and more court
decisions regarding limitation of oil production in East
Texas by military authority were the features in March.

MONTHLY
A general upward swing in crude oil prices, announced on
March 24. and to become effective April 1, sent crude oil

to the dollar

up

barrel mark, the announced goal of

per

Governor W. H. Murray, who last summer instigated martial
law in Oklahoma oil fields to halt the price route which had
tumbled

barrel. As was the
price advance, the
latest move was led by Continental Oil Co. The announce¬
ment, made on Thursday, March 24, posted a new range
for Mid-Continent crude of 76c. a barrel for 29 degrees and
below; to $1.00 per barrel for 40 degrees and above. SinclairPrairie, Barnsdall, and other leading companies followed
prices down to 5c. and 10c.

last November

case

the advance.

on

per

the occasion of

a

Continental announced that the

new

schedule

would

apply to Oklahoma, Kansas, and north central Texas.
The price advance was made possible by a stronger gasoline
market and the marked success attending efforts to balance
crude production with demand.
In

the

action in

East

Texas

to

enforce curtailment

of

of the State militia there were several
important developments. On March 10 an injunction was
granted by Federal Judge Bryant at Beaumont enjoining
producers from violation of the Railroad Commission's per

production by the

well

at this time

was that the Railroad Commission was given
the supervisory authority instead of the military; however
Governor Sterling reiterated that he had no intention of

withdrawing the State militia from the East Texas fields
''as long as it can be of service to the Railroad Commission
in enforcing its proration orders." The situation was stirred
up again on March 24 when the Third Court of Civil Appeals
at Austin, deciding in direct opposition to a three-judge
Federal Court verdict given some time before at Houston,
held that the Texas Railroad Commission was acting within
its legal rights in considering market demand when making
proration orders to prevent underground or actual physical
waste of oil produced in that State. The decision was given
in the application of the Danciger Oil & Refining Co. for an
injunction restraining the Railroad Commission from en¬
forcing proration orders in the Panhandle field where daily
output was limited to 40,000 barrels. Price changes in the
different parts of the country in the case of both crude oil
and the refined product were generally towards a higher
level and in the following we show all the important changes
during the month of March.
Crude

Oil.

1.—Effective immediately,

barrel to $1.30.

the

South

Penn Oil Co.

March 12.—South Penn Oil Co. posts 5c. per barrel advance in Buckeye
new

oil

purchases in

price being $1.35 per barrel.

Oklahoma, Kansas, and north central Texas,

per

The new schedule posts 76c. a barrel

barrel.

for oil of 29 degrees and below, and $1.00 per barrel for 40 degrees and
above.

The

new

range,

effective AprU 1, will be followed by BarnsdaU,

Sinclair-Prairie, and other leading companies.
advance

will

It is expected that the

be reflected throughout all producing centers

with possible

exception of California.
Gasoline

and

Kerosene.

March 1.—Standard Oil Co. of New Jersey announces changes in tank
wagon gasoline prices as follows: Advanced 2c. at Gastonia, N. C., to new

level of 13c. per gallon; advanced 2He. at Mt. Holly and Charlotte to 13c.;
reduced from 13.7c.

to 13c.

gallon at Kings Mountain, N. C.

per

March 11.—Standard OU Co. of Ohio lowers retail gasoline 2c. per gallon
in Ashtabula County and the towns of Doylestown and Rittman.

March

15.—Gulf

Refining Co. reduces retail price of Ethyl gasoline

2c. per gallon to new price of 15Hc. per gallon.

State tax included, in

City of Detroit.
March 15.—Shell Petroleum Co. meete Ethyl price cut of Gulf Refining
in Detroit territory and announces 2c. cut, new

price being 15He., State

tax included.

March

16.—Standard

Oil

Co.

gallon throughout territory.

per

of

Ohio

advances

gasoline

prices

He.

New prices: Sohlo Ethyl, 19Hc. service

station and 19c. tank wagon; X-70 16Hc. service station, 16c. tank wagon.
March 18.—Standard Oil Co. of New York advances gasoline prices
on

tank wagon and service station postings

l-5c. per gallon in Brooklyn

And New York, new prices being 10 He. tank wagon and 12 He. service sta-

tion.
March
lc.

per

Oil

18.—Standard

of Ohio

Co.

reduces

gallon at Doylestown, and in the

Portage and Medina, the

all

following

grades

of gasoline

counties:

Summitt,

new prices being 2c. below the State-wide struc¬

ture.

March 21.—Atlantic

Refining Co., Standard Oil Co. of Pennsylyania
and Sun Oil Co. advance gasoline tank wagon and service station
prices
lc.

per

gallon

in

Philadelphia

New prices:

area.

13c.

plus

3c.

tax

at

advance

in

service stations; 12c. tank wagon.

March 22.—Standard

Oil

Co.

of

New

Jersey

posts

He.

domestic heating oils Nos. 1, 2 and 4, the new prices being 5c., 4c. and 3
He.
a

gallon, respectively, tank

vance

car

at refinery.

and other major marketers

are

Warner-Quinlan

meets

ad¬

expected to follow suit.

March 23.—Standard Oil Co. of New Jersey advances tank wagon and
service station prices He. per gallon throughout its territory, with the

exception of State of Delaware.
March 23.—Standard Oil Co. of New Jersey posts new tank
-as

follows: U.

S. Motor, 60 octane,

gallon; Standard gasoline, 6He.

per

car prices
5He. per gallon; 65 octane, 6c. per

gallon, all prices spot f.o.b. Bayonne,

Baltimore, Norfolk and Charleston
March 23.—Atlantic Refining Co. posts He. advance in tank
°

new

price

being

6He.

at

Boston,

Providence,

Bayonne,

car

gasoline,

Philadelphia.

Norfolk, Brunswick and Jacksonville,
March 24.—Republic Oil Co.

posts

He. advance in tank

car

gasoline

below 65 octane, new price being 6c. a gallon,

March 25.—Standard Oil Co. of New York posts
wagon

He. advance in tank

and service station prices throughout New York and New England.

March 25.—Standard Oil Co. of New Jersey posts 5c. advance in Grade
C bunker fuel oil. new price being 65c. per barrel at New York, Baltimore




to-day,

price

new

of Grade
60c.

per

Galveston,

C

bunker fuel

oil

barrel at Baytown,

Houston

and

Port

Aransas.
March 28.—Standard Oil Co. of Ohio posts lc. advance on all grades of

gasoline throughout its territory. New price is 20c. for Sohlo Ethyl, service
station, and 19c. tank wagon; X-70 is 17c. service station and 16He.
tank wagon.

March 28.—Atlantic Refining Co.
posts
wagon and service station, throughout

lc. advance in gasoline, tank

Pennsylvania and Delaware, with the

exception of metropolitan Philadelphia area.
March 31.—Atlantic
Refining Co. advances prices of Grade O bunker
fuel

oil

5c. a barrel, new price being 70c.
Advance is met by other leading refiners.

at refineries in Philadelphia.

March 31.—Standard Oil Co. of Ohio
posts advance, effective April 1,

in gasoline prices of Medina and
Portage counties,

bringing them to the

State-wide level posted March 28.
Prices in these counties have been below
State-wide structure because of competitive cuts and
present service station
price is 2c. below State structure.
Prices in Lexington, Washington and
Smith townships will be reduced 2c.
THE

TEXTILE

MARKETS
SILK AND

AND

THE

COURSE

OF

RUBBER. ,r;

In the cotton goods trade a state of
great quietude pre¬
vailed, which was accentuated by unfavorable weather
conditions, temperatures dropping below the seasonal aver¬
ages for the month, where during January and February
temperatures had been higher than the average, and by the
disspiriting news from Washington concerning tax legisla¬
tion and the efforts to balance the
budget.
The price of
raw cotton moved
again towards very low levels.
In part

this was a result of doubts as to the extent to which there
would be actual curtailment of acreage the
coming season.
Associated Press accounts from Waco, Texas, March 6,
stated that

only the final word of the Texas Supreme Court
a resort for State officials
testing the Texas
cotton acreage reduction law after the Tenth Court of Civil
Appeals on March 5 sustained a district court ruling that the
law was "unconstitutional, null and void."
The Waco
dispatch continued:
remained

as

District Judge W. O. Davis of Franklin

was

upheld in his refusal of an

injunction the State asked to prevent Fred L. Smith, farmer, of Calvert,
from planting to cotton this year more than

30%

of the land he had in

cultivation in 1931.

County Attorney T. L. Tyson of Robertson County was expected to
Court of Civil Appeals to the Supreme Court.

carry the appeal from the

Judge Davis, in his opinion filed
be

"the

principles of
and

a

essence

of

our

a

on

Feb. 1, declared that enforcement of

special session of the Texas Legislature

tyranny

and

destructive

of the

fundamental

Constitution and would make the bill of rights

a

nullity

farce."

The law

was

enacted

as

a

compromise measure after much

Statewide

agitation for relief from overproduction of cotton and low prices.
other

March 24.—Continental Oil Co., Ponca City, Okla., posts new schedule

advancing the price 15c.

Charleston; 50c. at Baton Rouge and New Orleans.

announces

This increase, similar to that made in Eureka pipelines

(Pennsylvania) crude oil,

at

March 26.—Effective

posted by Standard of New Jersey will be
Harbor Island, Ingleside, Texas City,

would

last week, was brought about by the recent reduction in the gathering rate.

for crude

Norfolk; 60c.

3

the law passed last September at

that Pennsylvania crude oil in Buckeye Pipe Lines has been increased 5c.
per

and

use

production ruling. The only difference in the situation

March

REVIEW

cotton-producing

curtailment which

were

States

enacted

conditional

allowed to lapse when all

States failed to follow suit.

measures

Several

for cotton

of the cotton-growing

The Texas law, however, carried no conditional

clause to make it void in the event the States

were

not unanimous in legis¬

lative action.

Another depressing feature in addition to the uncertainty
regarding the curtailment of acreage .were reports from
Washington suggesting that if the Federal Farm Board
should begin selling wheat abroad, asAt was rumored that
it would, it might find it convenient also to sell out some of
its large stocks of cotton.
This ignored the fact that the
Farm Board as well as the American Cotton Co-operative
Assn. was under pledge not to market any of its supplies of
raw cotton for a considerable time to come.
Spot cotton in
New York, after advancing from 7.00c. to 7.20c. Mar. 2,
was

down to 6.20c. Mar. 31.

Print cloths at Fall River for

28-inch 64x64 remained unchanged at 3c. per yard.
Fears
of the possibility of labor trouble in the British cotton weav¬

ing industry
This hung as

also an unsettling influence.
the market all during the month.

over wages were
a

cloud

over

On Mar. 22 cablegrams from Manchester (England) stated
that negotiations between employers and operatives in the

weaving section of the Lancashire cotton industry over the
dispute on assignment of more looms to each operative wera
regarded as being at an end.
It was considered impossible
to arrange an agreement because of the decision of the oper¬
atives the previous Saturday to reject the proposal of the
employers.
A meeting of the Manchester Cotton Spinners
and Manufacturers Assn., which had been called to receive
replies from district associations on the question of more
looms, adjourned until April 5.
Meantime chairmen of the
local associations were to meet to consider the general situ¬
ation.
This was taken as indicating a move to arrange dis¬
trict agreements with the operatives.
It was also taken to
indicate the possibility that employers would decide to seek
a general reduction of wages.
The Census Bureau at Wash¬
ington on Mar. 21 issued its final report on the cotton crop
of 1931, based on cotton ginning returns, linters being ex¬
cluded.
This made the 1931 crop 17,060,772 bales of 500
lbs., against 13,931,597 bales the crop of 1930 and 14,824,861
bales the crop of 1929.
This compared with the Depart¬
ment of Agriculture's estimate of 16,918,000 bales as the
size of the crop made in December.
The customary monthly
Census report issued Mar. 14 showed that 450,018 bales of
lint and 52,764 bales of linters were consumed in the United
States during the month of February 1932, as against 433,376
bales of lint and 53,687 bales of linters in

February 1931.

The smallest stocks of carded cotton cloths since the be¬

ginning of comparable figures, in January 1928, characterize
the statistical reports of production, shipments and sales
during the month of February 1932, which were made public

Mar. 14

by the Association of Cotton Textile Merchants of

period of four weeks and
stocks at the end of the month were 239,654,000 yards. This
was a decrease of 5.7% from the total of 254,056,000 yards
reported at the end of January.
Continuing, the Asso¬
New York.

The figures

covered

ciation said:

a

\

,

258,744,000 yards, or 105.9% of
production, which totaled 244,342,000 yards.
Sales were 245,582,000
yards, or 100.5% of production for the period.
The average weekly pro¬
during the

Shipments

month

were

duction was 61,086,000 yards,

Unfilled orders at the end of the month amounted to

representing

a

377,988,000 yards,

decline of only 3.4% from the total of 391,150,000

the end of January.

/

yards at

•

depressed and prices further
sharply declined. On March 31 Japanese double extra 13-15
deniers were quoted at $1.50 @1.55, against $1.6734 @$1-70
Feb. 29; $1.8734@$1.90 Jan. 30; $1.85@$1.90 Dec. 31;
$2.20@$2.25 on Nov. 30 and also on Oct. 31, and comparing
with $2.25@$2.30 Sept. 30; $2.50@$2.55 on Aug. 31; $2.30
@$2.40 on July 31; $2.35@$2.40 on June 30; $2.2234®
$2.2734 May 29; $2.35@$2.40 April 30; $2.55@$2.65 March
31; $2.70@$2.75 Feb. 28 and $2.85@$2.95 Jan. 311931, and
$4.70@$4.75 on Jan. 311930. In the 20-22 deniers, Japanese
crack double extra were quoted at $1.42 34 @$1.47 34 March
31 against $1.70@$1.80 Feb. 29; $1.95@$2.00 Jan. 30; $1.85
@$1.90 Dec. 31; $2.30 @$2.32 34 Nov. 30; $2.10@$2.15 Oct.
31; $2.25@$2.35 Sept. 30; $2.45@$2.55 Aug. 31; $2.25@
$2.30 July 31; $2.40@$2.50 June 30; $2.07 34 @$2.12 34 May
29; $2.25@$2.30 April 30; $2.50@$2.60 March 31; $2.65@
$2.70 Feb. 28; $2.85@$2.90 Jan. 31 1931, and $4.60@$4.65
Prices of

on

REVIEW

MONTHLY

4

raw

silk continued

Jan. 31 1930.

The market for crude rubber became

completely demoral¬

ized, owing to the failure of the Anglo-Dutch

negotiations for

restriction of rubber

advices from

production and exports. Associated Press
London March 20 stated that it was learned

from the

highest quarters that there was no expectation of a
resumption of negotiations for an Anglo-Dutch rubber
limitations plan. The failure of attempts to frame such a
scheme had been announced from the Hague the day before.
Effective regulation of rubber

production or export was im¬
possible,, the British Colonial Office announced, according to
a
Department of Commerce statement issued March 21,
based on a cablegram from Commerciale Attache William L.
Cooper at London. The "United States Daily" of March 22
in indicating this said that the announcement followed a con¬
sultation with Representatives of rubber growers and of the
Netherlands government and was expected to have a con¬
siderable effect

on

the

production policy of many rubber

growing companies that have continued operating in recent
months, merely on the hope that Governmental restrictions
might again be enforced. The announcements referred to
sent the March delivery on the Rubber Exchange of New

fell below 50c. a bushel on Mar.

23, touching 49 %c.

Some

from this extreme low figure occurred at the close
of the month on rumors of damage to the growing winter

recovery

from low temperatures (March having been about
only month of the winter during which temperatures ran
low), coming at a time when the fields were largely unpro¬
tected owing to the absence of a sufficient snow covering
On Mar. 31 the range for the March option was 51%@53c.,
with the close on that day at 52c.
The May option for wheat
wheat crop
the

in Chicago, after rising from 6034c. Mar. 1 to 6234c. Mar.
reached a low of 5234c. Mar. 23, with the close Mar. 31

At Winnipeg the May

54c.

7,
at

option for wheat, after moving

from 6634c. Mar. 1 to 6834c. Mar. 7, touched a low of
58c. Mar. 23, with the close Mar. 31 at 6134c.
The May

up

option for corn in Chicago,
41c. Mar. 9, fell to 3534c.

after rising from 39c. Mar. 1 to

Mar. 26 and closed Mar. 31 at
3634c. May oats at Chicago from 2434c. Mar. 1 rose to
2534c. Mar. 7, and was 2234®. Mar. 26, with the close
Mar. 31 at

2334c.

Associated Press

Italy, March 10,
restrictions had been further

advices from Rome,

stated the Italian Government

that beginning March 21 millers in
would be allowed to use imported
grain for 50% of their flour, while those in.southern and in¬
sular Italy would be permitted to use 70%, both being in¬
creases of 10%.
It was stated that the Government was
gradually lightening the restrictions, in view of an insuf¬
ficient production of domestic wheat, and that formerly
millers could use foreign wheat for only 25% of their flour.
It also appeared that wheat was selling in Rome for $1.65
a bushel, or about three times the price in the United States.
One of the events of the month was the enactment of a law

lifted

on

that day and

northern and central Italy

.

the distribution through the
40,000,000 bushels of wheat
from the holdings of the Grain Stabilization Corporation for
relief purposes.
President Hoover on March 7 signed the
resolution passed to that effect.
The wheat thus made
available for distribution is to be used "in providing for the
needy and distressed people of the United States and Terri¬
tories and for feed for livestock in the 1931 crop failure
areas."
The proposal to distribute 40,000,000 bushels was
contained in a resolution passed on March 3 by the House
of Representatives in Congress by a vote of 344 to 2.
The
U.S. Senate on Feb. 24 had approved a resolution to distrib¬
ute 5,000,000 bushels of the Federal Farm Board wheat
holdings to destitute farmers in the drouth and grasshopper
stricken States of the Northwest for their families and live¬
stock.
On March 4 the Senate concurred in the/House
amendments.
Chairman Stone of the Farm Board opposed
Congress providing for

by

American National Red Cross of

the

measure

and characterized the

proposal

as

"unfair" both

that it
would deprive the Board of about $25,000,000 of its $500,low in all time,
and a price which showed a loss of 29 points from the close 000,000 revolving fund.
the previous Saturday (March 19). Subsequently there was
With reference to the rumors regarding prospective large
some recovery in the
price; nevertheless the March option sales of wheat by the Farm Board, official contemplation
ran«oqt March 29 at 3.,01 @3.03 cents. In London on March of an "intensive sales campaign" by the United States to
2% a new low of1J4 pence, from 234 pence on March 19 was place some of the country's huge surplus of wheat and cotton
reached. In the New York market ribbed smoked sheets for in European and other countries was reported by Secretary
spot delivery was quoted March 31 at 3 1-16 bid and 3 3-16 of Agriculture Hyde on March 18, according to Associated
asked, against 3%@3 Il-I6c. Feb. 29; 4 5-16@4 7-16 Jan. Press advices from Washington, which reported that Mr.
30; 4 13-16c.@4 15-16c. Dec. 31; 4 5-16@4^c. on Nov. 30; Hyde had told newspaper men that, although plans for such a
4 9-16@4^c. Octv31;434@4|4c. Sept. 30;5@534c,. Aug. 31;
campaign were at present nebulous, there was a definite
5M@5&e. July 31; 6 13-16@6 15-16o. June 30; 634c. bid hope that some such procedure could be followed in lifting
May 29; 5 J4@6c. April 30; 6^@7e, March 31; 7^@7%c. the weight of these surpluses from the American market.
Feb, 28; 7%@8c. Jan. 31; 834@834®. Dec. 31 1930, and A possibility that part of the $200,000,000 Farm Loan fund
of the Reconstruction Finance Corporation might be, employ¬
15M@15Ko. Feb. 28 1930/
ed in such a surplus slicing campaign, also was voiced.
"It
SHARP DECLINE IN GRAIN PRICES—RUMORS OF PROSPECTIVE
would not be humanly possible for us to make $200,000,000
SELLING OF WHEAT AND COTTON BY FEDERAL FARM
of loans to agriculture at this time," Mr. Hyde said.
"Since
BOARD—CONGRESS VOTES 40,000,000 BUSHELS FOR DIS¬
we could not loan this amount if we had it, a better plan
TRIBUTION BY RED CROSS.
might be to employ this money in cutting down our sur¬
Grain prices, and in particular wheat prices, suffered a pluses rather than continuing to stimulate production."
sharp tumble during the month of March. A variety of George S. Milnor, head of the Grain Stabilization Corpora¬
circumstances served to impel prices downward.
Among tion,.sailed for Europe on March 16 and this of course occa¬
the chief of these was perhaps the reports that the federal
sioned much speculation as to the purpose of his trip, and
Farm Board contemplated
disposing of a considerable also served to depress prices. The following statement was
amount of its large holdings abroad, but there were other made on March 19 by James C. Stone, Chairman of the
depressing influences as well. The renewed collapse of the Federal Farm Board:
stock market and in particular the depreciation in the bond
The rumors for the last two days to the effect that the Grain Stabilization
market cast a feeling of gloom over the commercial markets
Corporation contemplates dumping its wheat in foreign markets are untrue.
as well as the financial markets.
Then on Mar. 24 the United
Last July a definite policy was announced as to how sales would be made
States Departmentof Agriculture issued a report on farmers' from July 1931 to July 1932. This sales policy was to limit sales in domestic
and foreign markets to an accumulative maximum of five million bushels
intentions to plant wheat, corn, oats, potatoes and other
per month, with the right to sell wheat to foreign Governments or their
crops, and this showed that in the spring wheat region of
representatives in addition to the five million bushels per month.
the Northwest, where drouth had worked such havoc in
The result of this

York

on

March 21 to 3.01c. per

pound,

the Farm Board and to

the farmer, contending

a new

1931, with a heavy reduction in the area harvested, quite a
large increase over the reduced acreage of 1931 was contem¬
plated.
In durum wheat the Agricultural Department said
farmers reported an intention to sow 3,868,000 acres of wheat
this year, an increase of 34.8% over the acreage harvested in
1931, and the intended acreage of other spring wheat was
reported at 16,967,000 acres, an increase of 53.3% over the
acreage
harvested the previous year.
Considerable dis¬
appointment also was felt in the vote in the House of Repre¬
sentatives at Washington on the beer tax, which the trade
regarded as knocking out tlie last hope of the modification
of prohibition regulations which might play an important
part in the stimulation of the consumption of grains generally.
The result altogether was that the March option for wheat
in Chicago, after a rise from 5634c. Mar. 1 to 5824® • Mar. 7,




to

orderly sales policy has been that every

sold in the United States since last

above the world market

bushel of wheat

July has brought a price

considerably

price parity for wheat.

This program has worked to the

benefit of the American farmer

and no

change is contemplated.

A further statement

issued

as

Rumors

by Chairman Stone on

are

George S. Milnor, ViceFarmers' National Grain Corpora¬

continuing to be circulated that

President and General Manager of the

tion, went to Europe for the purpose of dumping
These
a

rumors

are

untrue and they

malicious attempt to manipulate

aiding those who
There will be

j

March 22 was

follows:

stabilization wheat.
of being a part of

have the earmarks

the market for the express purpose

speculating in grain.
stabilization wheat dumped anywhere.

of

are

no

last July how this wheat
and will not be changed.

would be sold.

We announced

This program has been

followed

MONTHLY
The

following from Paris March 23 to the New
putting on record:

Announcement by Ranney.

York

The announcement of the plan was

"Times" is also worth
George S.

Milnor,

He

United States Farm Board wheat to France.

and commercial attaches this morning, and it is

saw

"We

Ambassador Edge

;

to the fact

low and the next crop will not be on

The market will have to be shared with Canada and

hand until
Argentina,

It is understood the American Board will not grant

credits and

that French stocks

August.
however.

are

very

Government affair, since the French

that any deal will not be a

ment has announced a hands-off

PRICES

SUGAR

is due to the present unsatisfactory prices of these com¬
believe that if they were assured of

Govern¬

farm products must soon improve, we are now
corn

and cotton

NEW LOW FIGURES.

harvester-threshers

Mar. 30 to 0.74c.
price of refined sugar at New York was reduced
from 4.15c. to 4.00c. on Mar. 14.
Thomas L. Chadbourne
on his return from Cuba was reported on Mar. 8 as having
said that he would not attend the International Sugar Con¬
ference at Paris on Mar. 14, but that he would continue as
Chairman of the National Sugar Export Corporation. Paris
advices Mar. 22 to the New York "Times" stated that after

for

which until the day before had

seemed certain to fail, the International Sugar Council had
disbanded with a new plan of regulation for world sugar pro¬
duction and export quotas.
The essence of the scheme was

understood to be that Cuba asked Java to cut its export

1,500,000 tons, which was
the amount actually exported in 1931.
The Dutch refused
to agree, but the Europeans, feeling sure that no matter
what quota Java had, its export would not exceed that
figure, were guaranteeing to Cuba that if the Dutch export
more Europe will make good the difference by decreasing
its figures.
On Mar. 24 Havana advices stated that the
Cuban Sugar Institute, the official body under which the
Chadbourne plan operates, had that afternoon after almost
two days of continuance sessions passed a resolution providing
that Cuba's crop would be restricted to 2,700,000 long tons
(against the 3,000,000 tons previously proposed), plus what¬
quota for 1932 from 2,400,000 to

amount the mills have exceeded

ever

their respective quotas

Mar. 30 when the restriction was to become

on

The

effective.

the quotas was expected to amount to about
50,000 tons.
The resolution was signed by President Machado and sent to the "Official Gazette" for publication on
Mar. 26, said a cablegram from Havana on that date, which
further reported:
'■ t
surplus

over

The Institute last night began

advising all Cuban mills regarding their

respective quotas and grinding will cease March 30.
Based

on

a

crop

of 2,700,000 tons plus 567,000 tons carried over from

last year's crop, the quota
as

2,523,284 tons.

leaves

for exportation to the United States is calculated

Local consumption is estimated at 150,000 tons, which

593,716 tons for exportation to other countries.

These figures will undergo some

each mill may have ground up to
Those sugar

to their

modification when the exact amount that
March 30 in excess of its quota is known.

producers who are not in favor of a restricted crop met to-day

and sent a formal protest to

It declared that according

the Sugar Institute.

interpretation of the sugar stabilization law the Institute had no

authority to fix the crop restriction figure, even though it had been approved

by the President, contending that this must be done by the producers them¬
selves.

The protesting mills are

Of the 2,700,000 long tons

greatly in the minority, however.
March 26, 1,956,420 long tons, plus last

year's carryover, is designated for the United States, according to a cable¬
gram

received in the Department of Commerce Monday from Acting Com¬

mercial Attache Alfred Nufer, Havana.
tons

Europe was allotted 593,730 long

plus one-fourth of the balance of the sugar segregated under the Chad¬

bourne plan.

Local consumption is expected to absorb 149,850 long tons,

the cable stated.

Coffee prices were

again very little changed.
No. 7 Rio
delivery was quoted at 73^c. Mar. 31, against 7J^c.
Feb. 29; 73^c. Jan. 30; 7@7J4c. Dec. 31; 6^@6^c. Nov. 30;
5%@6e. Oct. 31; 5^c. Sept. 30; 5M>@5%c. Aug. 31; 5%@
6c. July 31; 6J^@7c. June 30; 6^c. May 29; 63^@6%c.
April 30; 53^c. Mar. 31; 5}4@5%e. Feb. 28; 6^c. Jan. 31,
and 724@7}^c. Dec. 31 1930.
No. 7 Santos was 83^c. bid
Mar. 31, against 8Kc. Feb. 29; 8^c. Jan. 30; 8@8J4c.
Dec. 31; 7M@7Kc. Nov. 30; 7^c. bid Oct. 31; 6%@7c.
Sept. 30; 6^@6^c. Aug. 31; 7^@7>6c. July 31; 8K@9c.
June 30; 83^@8^c. May 29; and the same figures for April
30; 7%@8c. Mar. 31; 7%@8c. Feb. 28; 8%@9c. Jan. 31;
8M(pMc. Dec. 31 1930, and ll^c. Oct. 31 1930.
for spot

FARM

IMPLEMENT

GRAIN

MANUFACTURERS

COTTON

AND

AT

PAYMENT

MUCH

FOR

WILLING

HIGHER

THEIR

TO

PRICES

TAKE

IN

GOODS.

The faith of the International Harvester Co. in the im¬

provement this year of prices of wheat, corn and cotton was
pledged on March 27 to new purchasers of its machines, it
is learned from the Chicago "Journal of Commerce" of
March 28, which went on to say:
The company

announced that it would guarantee to such purchasers

a

price level of 70c. for wheat and 50c. for corn, at Chicago, and 8He. a pound
for cotton, New Orleans basis.

Should the average base quotations for each

of those commodities for the five-day period prior to and

including maturity

dates of notes of its new customers fall below the guaranteed level,
company

will

pay

the difference, crediting it on the notes.




faith that prices of

offering growers of wheat,

with which to pay notes given

machines most

the

stationary

which these new terms guarantee are 70c. a

bushel, Chicago, for No. 2 hard wheat; 50c.
a

farm tractors,

and

windrow-harvesters

combines,

or

The higher prices

yellow corn, and 8He.

bushel, Chicago, for No. 2

a

pound, New Orleans, for middling cotton.

"On notes maturing in 1932, given hereafter in payment

for the machines

listed and representing not more than 40% of the purchase price,
be endorsed the

the

there will

equivalent number of bushels of wheat or corn or pounds

of cotton computed at the price named.

If the

average

market quotation

five-day period prior to and including the maturity date of the

note is less than

bushels

the price named,

the purchaser will be credited with an

representing the price differential multiplied by the number of

amount

or

pounds endorsed on the note.

Deere & Co. announced

a

similar

plan, according to Asso¬
Chicago, which said:

ciated Press advices March 31 from

Deere & Co. announced to-day a plan intended to help farmers

higher values for wheat,
of farm machinery.

for the amount of

corn

and cotton, used

as

obtain

security for the purchase

They said that on the sale of tractors in the corn belt,
an

obligation maturing in 1932, not exceeding 40% of

the purchase price of the tractor, "we will settle with the farmer on
basis of 50 cents per bushel, Chicago delivery, No. 2 yellow
"The same plan

territory

on

the

corn."

will be followed on the sale of tractors in the cotton

the basis of 8H

RESTORATION

OF

New

cents a pound for middling cotton,

\

Orleans," the announcement said.
PEACE

IN

THE

FAR.EAST.

:

'

Restoration of peace in the Far
international importance.
The

East was also an event
hostilities between the
Chinese and Japanese armies in the area around the Inter¬
national Settlement at Shanghai ceased as abruptly on
March 3 as they began on Jan. 28.
There were none of the
declarations customary in warfare to mark the end of the
fighting, as there were none in the beginning.
The Japanese
army, augmented to about 50,000 men, began to make the
territorial gains on March 1, for which it had striven unsuc¬
cessfully for more than a month.
Rapidly extending the
advance, the fresh troops from Japan easily swept the
of

Chinese forces back to the

12^-mile distance from Shanghai

proclaimed as the Japanese military aim. After this accom¬
plishment announcements were made by the Japanese leaders
that fighting would be halted if the Chinese also suspended
activities. Instructions were given at Nanking early March 4
for the Nineteenth Route Army also to cease hostilities, and
the two opposing forces rested on their arms beginning at
1 a. m. March 4.
Peace negotiations were started imme¬
diately, with the aid of the British, American, French and
Italian Ministers to China, and efforts made to hasten a
formal agreement on an armistice.
These discussions have
lagged, however, and have not yet been concluded, owing to
serious differences between Chinese and Japanese representa¬
tives regarding the mode of withdrawal of the Japanese
forces to the International Settlement area.

Authoritative indications

of

the cost

of

the conflict

at

were made available March 17, when the Shanghai
of Social Affairs issued an announcement stating

Shanghai
Bureau

of sugar, to which the sugar crop of Cuba is

limited by the decree promulgated

of higher prices

"The list of machines to which this offer applies includes

Mar. 28, with a recovery on

week of strenuous effort,

assurance

hereafter and maturing this year for purchases of certain

The wholesale

a

higher prices for their

cost-reducing machines

vitally needed in making and gathering these crops.

market during March became further badly
demoralized, mainly owing to uncertainties regarding the
carrying out of the Chadbourne policy of sugar restriction.
Cuban raw sugar, which at the close of February had sold
down to 0.87c., recovered to 0.90c. Mar. 3, but then renewed
its downward course and established a new all-time low at
on

we

"In order to meet this situation, and to evidence our

sugar

0.71c.

to buy implements

harvesting of their wheat, corn

and cotton crops

threshers.

The

who said:

that the reluctance of farmers

that they need.

policy.

TOUCH

convinced

products they would not hesitate to purchase the new

good chance to sell wheat here due

a

are

needed for the economical production and

modities, and

understood he also began

negotiations with French milling agencies.
There is believed to be

made by George A. Ranney. Vice-

President in charge of sales of the company,

Stabilization
ascertain the possibilities of selling

President of the United States Grain

Board, commenced efforts to-day to

5

REVIEW

killed and more
the fighting. The missing are esti¬
160,000 Chinese families were driven
from their homes.
Property damage is estimated at 1,400,000,000 silver dollars, or $350,000,000 gold.
"These appal¬
ling figures are not considered excessive,''7 a Shanghai dis¬
patch to the New York "Times" said.
In the five weeks of
fighting at Shanghai the Japanese lost 377 killed and 2,273
wounded.
A report received at the State Department in
Washington from Edwin S. Cunningham, United States
Consul-General at Shanghai, indicated that much of the
devastated area would not be rebuilt for years.
Trade con¬
ditions are rapidly returning to normal, Mr. Cunningham
that

a

total of 6,080 Chinese civilians were

than 2,000 wounded in
mated at 10,040, while

added.
THE MARCH FINANCING

OF THE

U. S.

TREASURY.

the United States Treasury took
the form of the offering of two issues of Treasury certificates
for an aggaregate of $900,000,000 "or thereabouts."
An¬
nouncement of the offering came on Sunday night, March 6.
The first of the two series bore 3l/&% interest and was for
an amount of $300,000,000 "or thereabouts" and to mature
on Oct. 15 1932, being for seven months from the date of the
issue on March 15, while the second series carried 3%%
interest and ran for a year from the date of issue on March 15,
thus maturing March 15 1933; this series was offered for
an amount of $600,000,000 "or thereabouts."
The rates of
interest in these two issues of certificates were identical with
those in the Treasury sale of certificates made in January,
when the Secretary offered a six month's issue of certificates
bearing 3^% interest, and another series running for a year
and carrying 3%% interest.
Subscription books for the new
certificates were opened on Monday, March 7, and were
closed in the afternoon of the very next day.
Subscriptions
aggregated no less than $3,403,225,500, the amount for the
The March financing of

6

MONTHLY

$300,000,000 of seven months' certificates carrying 3^%
interest being $952,619,500 and the aggregate for the $600,000,000 of 1-year certificates carrying 3%% interest being
$2,450,606,000.
The allotments were $333,492,500 in the
case of the first issue of certificates, of which $82,593,500
were exchange subscriptions, which were allotted in full, and
$660,653,500 in the case of the second series running for a
year, of which $414,089,500 were exchange subscriptions and
were

allotted in full.

It will be noted that total allotments for

the two series combined

$994,146,000, or considerably
$900,000,000 ($300,000,000 plus $600,000,000), also that the exchange subscription,
which were accepted in full, aggregated $496,683,000.
In offering the $900,000,000 of new certificates the Secre¬
tary of the Treasury, Ogden L. Mills, stated that about
$624,000,000 of old Treasury certificates of indebtedness
would fall due on March 15, and that about $35,000,000 in
interest on the public debt would also become due and payable
on March 15, and that the proceeds of the sale would
provide
the Treasury with approximately $276,000,000 [as, however,
in

excess

were

of the tentative offering of

the allotments exceeded the tentative offering of $900,000,000
by $94,146,000, the figure would be raised by that amount to
$370,000,000—Ed.] in unobligated money which along with
the tax receipts would enable the Government to meet ex¬
penses until the close of the fiscal year, and that the public
debt would be increased by that amount and would total ap¬
proximately $18,400,000,000 (or $18,494,000,000 if allowance
be made for the $94,146,000 increase in the allotments). It
was also pointed out in some of the calculations at the time
that from its new funds, its tax receipts and its balance on
hand, which would amount to about $250,000,000 on March
15, the Treasury would have to pay the Government's run¬
ning expenses and meet at least three special obligations, to
wit, the Treasury still had $64,000,000 to turn over to the Re¬
construction Finance Corporation and $62,000,000 to the
Federal Land Banks under the allotment of $150,000,000 to
the former and $125,000,000 to the latter.
Moreover, the
Treasury was pledged to purchase $250,000,000 of Recon¬
struction
Finance Corporation
debentures in the near
future.
Thus these expenditures would absorb $376,000,000
of

the

new

funds and

of

the

balance

on

hand—all

these

figures having been given out before the allotments were made
on the subscriptions for the new offering and which, as al¬
ready stated, exceeded the tentative offering of $900,000,000
by $94,146,000.
As is always the case, the subscriptions came mainly from
banks and banking institutions and the fact that the sub¬
scriptions reached such a huge aggregate as $3,403,225,500
was of considerable significance,
bearing testimony to the
fact that there was no lack of banking credit notwithstanding
that the campaign for combating so-called "hoarding,"
which was so actively under way, rested entirely on the idea
that the country was suffering from a lack of banking credit
because of the shortage caused by the "hoarding" referred to.
It appeared at the close of the month that over half a billion
dollars—in exact figures, $501,408,000—of Government de¬
posits had been created through the sale of the $994,146,000
of new certificates, the proceeds of the sale remaining with
the banks for whom or through whom the subscriptions had
been made.
A first call for repayment of these Government
deposits was made by the Treasury on March 31, and re¬
quired repayment on April 5 of $8,553,600 in the New York
Federal Reserve district and $20,056,300 in the entire
country, including New York, leaving still on deposit
$205,286,200 in the New York district and $481,351,700
in the entire country, including New York.
Simultaneously with the $900,000,000 of new certificates
of indebtedness in the regular form there was a special offer¬
ing of certificates, namely, certificates in small denominations
(in amounts running from $50 to $500) or so-called "baby
bonds" designed to attract small sums which were supposed
to be hoarded by persons of moderate means.
Announce¬
ment of this offering was made by Secretary Mills on Satur¬
day, March 5.
In his statement, Mr. Mills pointed out that
the offering was not part of the March financing program of
the Treasury Department, details of which were made
available on Sunday night, March 6, as noted in our re¬
marks above. 1 The so-called "baby bonds" were certificates
bearing only 2% interest, to be issued only in denominations
of $50, $100, and $500, in bearer form, with two interest
coupons attached, payable Sept. 151932, and March 15 1933.
The certificates

are

featured

by radio messages broadcast
Sunday night, March 7, by President Hoover, Secretary
Mills, and a number of other noted men who were engaged
in the anti-hoarding campaign.
Secretary Mills in his radio
message stated that the campaign was intended to put idle
money to work and had been initiated by the President and
was now
being conducted by the Citizens Reconstruction
Organization under the direction of Colonel Frank Knox.
In the Treasury's offering circular, it was stated that paymen at par and accrued interest for certificates allotted must
be made on or before March 15 1932, or on later allotment.
If payment was made after March 15 1932, it would have to
was

on

include accrued interest from that date.

It also stated that

qualified depository bank would be permitted to make
payment by credit for certificates allotted to it for itself and

any

its customers up to any amount for which it shall be




in

excess

of

existing deposits, when

qualified

so

notified by the Federal

Reserve Bank of its districts.
As to the method to be

pursued in getting repayment of the
principal sum of the certificates, in advance of maturity, on
60 days' notice of intention, which would play an important
part in affecting subscriptions for the certificates, the
Treasury circular said, under the caption "Redemption
Before Maturity."
In order to secure redemption before
maturity of certificates issued hereunder, a demand therefor
in writing, describing the certificates by denomination,
serial number and aggregate amount, must be made by the
holder; and the certificates, with unmatured coupons
attached, accompanied by such demand, must be forwarded
or delivered to a Federal Reserve bank, at the holder's risk
and expense.
Sixty days after receipt of.the certificates and
demand at a Federal Reserve bank, payment, at par and
accrued interest, will be made.
As might have been expected, subscriptions for these antihoarding 2% Treasury certificates did not prove startling.
According to the "United States Daily" of March 18, the
Secretary of the Treasury in a statement on March 17, said
that the exact amount of anti-hoarding certificates sold might
be announced soon if Colonel Knox approved, but, the Secre¬
tary added, "You will not gasp for breath when you see
them."
He recalled that the certificates were merely an
adjunct to the anti-hoarding campaign and that the volume
of their sales did not reflect the activity of the whole move¬
ment.
"There is not a great deal of inducement to buy 2%
certificates when the Treasury is selling certificates at 3 % %"
said the Secretary.
He also said that the Treasury never
expected to sell a great many anti-hoarding certificates, and
the money which the Treasury had obtained from the sales,
being such a small amount, had been left in the banks of the
country, as the Treasury had promised.
It was not suffi¬
cient to aid the Treasury materially, he said.
Two issues of Treasury bills sold on a discount basis and
bearing no interest were also floated during the month of
March.
that

The first

came on

was

in accordance with

an

Feb. 24, and tenders for which

announcement

were

asked until

Feb. 29, but embracing certificates bearing date March 2, to
which reference was made in our review of events during

February.
These
$100,000,000 "or

91-day bills, for an amount of
thereabouts," and were to replace a
similar amount of bills maturing March 2.
They mature on
June 1 1932.
As stated in the previous number of this pub¬
lication, the amount applied for in this instance was $292,984,000 and the amount accepted was $101,412,000.
The
average price obtained was 99.369 or the equivalent on a
bank discount basis of about 2.50% per annum.
This com¬
pared with an average rate on a bank discount basis of about
2.71% per annum at a sale of $62,851,000 of 91-day bills on
which tenders were received up to and including Fob. 19.
On March 23, the Treasury Department announced another
offering of 91-day Treasury bills.
These were for an amount
of $100,000,000, "or thereabouts," tenders for which were
invited up to 2. p. m. Eastern standard time on Monday,
March 28.
They were to replace an issue of maturing bills
of $101,332,000 and were dated March 30 1932 and are to
were

on June 29 1932.
This offering brought tenders of
$360,198,000.
The amount accepted was $102,169,000.
The average price realized was 99.474, making the average
rate on a bank discount basis about
2.08%.

mature

NEW SECURITY ISSUES

New

AND

DIVIDENDS IN MARCH.

financing in the domestic market during the month

of March showed

an increase over the small totals of pre¬
vious months, but was on a much smaller scale than for the
same
month a year ago.
Public utility and municipal

offerings again comprised the bulk of the domestic financing.
The outstanding issue of the month as to size was the
$10,000,000 offering of the Southern California Edison Co.,
Ltd., ref. mtge. gold bonds, series of 5s at 96 and int.,
yielding over 5.30%, followed by the $8,700,000 offering
of the New York Steam
Corp. 1st mtge. 5% gold bonds at
94 and int., yielding about
5.45%. Below we give the
month's financing, which consisted of the following offerings:
FOREIGN

FINANCING.

$12,500,000 Canadian Pacific Ry.—6%

coll. trust conv. debs, at par
10 years.
The debentures will be
ordinary stock of the Canadian Pacific at
$25 a sh. within five years.
Offered by a syndicate headed
by the Bank of Montreal, National City Co. and Dominion
Securities Corp.
and

int..

redeemable

convertible

dated and bear interest from March 15

1932; they will mature March 15 1933 but will be redeemable
before maturity at the option of the holders at par and
accrued interest on 60 days' notice.
The initial offering of
these certificates

REVIEW

in

into

RAILROAD

*3,435,000 Reading
from 4

Co.—4M%
to

4H %,

FINANCING.

trust ctfs. at prices to yield
to maturity as follows: *1,200,000

equip,

according

series K, due M00,000 each Sept.

1 1932, March 1 1933 and
Sept. 1 1933; and <2,226,000 series L, due $375,000 semi-ann.
1935.
Issued under the Philadel¬
phia plan.
By Drexel & Co. and Evans, Stillman & Co.
each Oct. 1 1932 to April 1

PUBLIC

$10,000,000 Southern
of ref.

UTILITY FINANCING.

California

Edison

Co.,

Ltd.—Additional issue

mtge. gold bonds, series of 5s
priced at 96 and int., yielding over
headed by Chase Harris Forbes Corp.
Rollins & Sons, Inc., and the N. W.

1 1954 and
5.30%.
By a group
and including E. H.

due June

Harris Co., Inc.
8,700,000 New York Steam Corp.—1st mtge. 5% gold bonds, at 94
and int., yielding about 5.45% and due Nov. 1 1956.
By The
National City Co.

7,500,000 Public Service Co. of Indiana.—1st mtge. & ref. 6% gold
bonds, series G at 87 and int., yielding about 7U.% and
due Feb. 1 1952.
By Halsey, Stuart & Co., Inc.
5,000,000 Duquesne Light Co.—1st mtge. 4M% gold bonds at 92
and int., to yield 5.06% and due March 1 1957.
By a group
headed by the Chase Harris Forbes Corp. and including
Ladenburg, Thalmann & Co.; H. M. Byllesby & Co., Inc.;
T
W. O. Lan^ley & Co.; Lee Higginson & Co.; A. C. Allyn &
Co., Inc.; The Union Trust Co. of Pittsburgh; Hayden Stone
& Co.; J. Henry Schroder Banking Corp. and The N. W.
Harris Co., Inc.
The issue was oversubscribed.

5,000,000 Syracuse Lighting Co., Inc.—1st & ref. mtge. 5%, se£j®f ®
gold bonds at 95 and int., to yield over 5.35% and due Jan. 1
1957.
By J. P. Morgan & Co., Bonbright & Co., Inc.,
and
Schoellkopf,
Hutton & Pomeroy, Inc.

Anglo-Norwegian Holdings, Ltd.—Dividend of 25c. a share on the no

4,000,000 Virginia Electric & Power Co.—10-yr 5)4% secured^conv.
gold bonds at 95)4 and int., to yield 6.10% and due March
1
1942.
By Stone & Webster and Blodget, Inc.; Chase
Harris Forbes Corp.; Bancamerica-Blair Corp. and Brown
Brothers Harriman & Co.
The issue has been oversubscribed.

Art Metal Construction Co.—Quar. div.
com. stock omitted.

Co.—1st mtge. gold bonds, 5% series
to yield over 5.35% and due July 1
1956.
By Drexel & Co. and Bonoright & Co., Inc.
2,000.000 Blackstone Valley Gas & Electric Co.—5% mtge. & coll.
trust gold bonds, series B at 91)4 and int., to yield 5.69%
and due April 1 1952.
By Estabrook & Co. and Stone &
2,500,000 Pennsylvania Power
of 1956 at 95 and

int.,

Webster and Blodget,

Inc.

2,000,000 Utica Gas & Electric Co.—20-yr. gen. mtge. 5% gold
bonds, series E at 93 and int., to yield 5.55% and due Jan. 1
1952.
By J. P. Morgan & Co.; Bonbright & Co., Inc., and
Schoellkopf, Hutton & Pomeroy, Inc.
2,000,000 Virginia Public Service Co.—6% 1st mtge. & ref. 20-yT.
gold bonds, series O at 78 and int., to yield iover 8)4% to
maturity, due March 1 1952.
By a group headed byHalsey,
Stuart & Co., Inc., and including E. H. Rollins & Sons,
H. M. Byllesby & Co. and Blyth & Co., Inc.

stock omitted.

par com.

stock

com.

as

div. of 25c. a share on
compared with 40c. a share paid previously.

of 10c. a share on the no par

Associated Industrial Bankers Corp.—Quar.

stock

common

stock at
■

■ "wv:

York. :.vv'"v,

MUNICIPAL FINANCING.

$15,000,000 Louisiana (State of) 5% highway bonds, due serially from
1936 to 1957, incl., purchased at par by the Pyramid Securi¬
ties Co. of New Orleans.
Public re-offering of the bonds
has not been made.

6,160,000 Rochester. N. Y., bonds, comprising $2,655,000 6s $2,285,000
4Mb and $1,220,000 5s, due from 1934 to 1962, incl., awarded
to a syndicate headed by the Guaranty Co. of N. Y. at 100.11,
a basis of about 4.75%.
•

5,500,000 Jersey
chased

of

Co.

City, N. J., tax revenue bonds, due Aug. 1 1935, pur¬
as 68 at par by a group headed by the National City
New York.
Re-offered at 100.75 and int., to yield

about 5.75%.

Ty

4,468,000 Elizabeth, N. J., water bonds, due serially from 1934 to
1972, incl., awarded as 6s to a group managed by the Na¬
tional City Co. of New York at 100.056, a basis of about
5.95 %.
Re-offered priced to yield 5.70 % for all maturities.
4,500,900 Allegheny

County,

Pa.,

4%%

impt.

comprising

bonds,

1933 to 1962, incl., awarded to
a syndicate headed by the Union Trust Co. of Pittsburgh, at
101.32, a basis of about 4.62%.
Re-offered at prices to
yield from 4.75 to 4.40%, according to maturity.

five issues,

due serially from

County, N. Y., 5)4% bonds, due March 1 1937,
purchased at par by a group headed by the Guaranty Co. of
New York.
Re-offered priced to yield 5.20%.

3,550,000 Nassau

3,401,722 Minneapolis,
Minn., 4)4 % bonds awarded as follows:
$1,919,722 street impt. issue, due from 1933 to 1942, incl.,
sold to a group headed by the Continental Illinois Co. of Chi¬
cago, at 100.203, a basis of about 4.71%; re-offered priced to
yield from 4.50 to 4.40%, according to maturity.
A further
award of $1,482,000 bonds, comprising three issues, due from
~n
1933 to 1952, incl., was made to a syndicate headed by Halsey,
Stuart & Co., Inc., of New York, at 100.105, a basis of about
4.73%; re-offered priced to yield from 4.75 to 4.40%, accord¬
ing to maturity.

Changes in dividend declarations in March were again
and again mostly of an unfavorable nature.
following table, divided into two sections, namely,
"Favorable Changes" and "Unfavorable Changes," gives
the more important of the changes:

numerous

The

FAVORABLE

CHANGES.

Ajax Oil & Gas Co., Ltd., Toronto.—Initial dividend of 3c. a share
payable April 15, placing the stock on a 12c. annual basis.
Associated Oil Co.—Special div. of 25c. a

Dominguez

Co.—Resumes dividend on
by payment of 5c. a share.

stock

common

the no par value

Fields

Oil

Hydro-Electric Securities Corp.—Divs. on the no par com. stock resumed
by payment of 10c. a share.
Investors

Corp., Providence, R. I.—Quar. divs. of $1.50 a share on both

the $6 cum. 2nd

prof, stock and on the $6 cum. con v. pref. stock resumed.

dividend on the

Casualty Insurance Co.—Resumes
capital stock by the payment of 15c. a share.

Manufacturers

share on the

27)4c. a

the 4% non-cum. preferred stock

Banca Commerciale Italians, Milan, Italy.—Dividend of $2.07 a share
on the "American" shares, as compared with $3.14 a share paid on this
issue

a

year ago.

Bancroft Hotel Co.

(of Mich.).—Quar. div. on the com. stock and the
a share on the 7% pref. stock both omitted.

semi-annual div. of 35c.

BancOhio Corp.—Quar. div. on
share to 28c. a share.
Bankers
on

the

Commerical
common

the capital stock reduced from 35c. a

Inc.—Quar. div. of 50c. a share

Security Co.,

stock omitted.

Bank & Insurance Shares, Inc.—Semi-annual divs. of 11c. a share on
the Deposited Bank Shares, series NY, and Deposited Bank Shares,
N. Y., series A as compared with divs. of 30c. a snare and 12c. a share
!
a

share on the no par com.

stock omitted.

Bay State Fishing Co.—Semi-annual divs. of 70c. a share on both!* he
7% cum. prior pref. stock and the 7% cum. pref. stock omitted.

Bayuk Cigars, Inc.—Quar. div. of 37)4c.

a

share

the no par common

on

stock omitted.

Blayney-M urphy Co. (Colo.), Denver.—Quar. div. of 1)4%
7% cum. pref. stock omitted.

the

on

(E. W.) Bliss Co.—Quar. divs. on the 8% cum. 1st pref. stock, the 7%
cum. class A 2nd pref. stock and on the 6% cum. class B pref. stock
and a div. of 2% on the com. stock all omitted.
Bohn Aluminum & Brass Corp.—Quar. div. of 37)4c. a share on the no

capital stock omitted.

par

V ;

Herald-Traveler Corp.—Quar. div. of 10c.

Boston

a

share on the com.

stock omitted.

Boston & Maine RR.—Quar. div. of 1 % % on the 7 % cum. prior
stock omitted.

preference

Brandram-Henderson, Ltd.—Div. on the 7% cum. pref. stock reduced
from $1.75 a share to $1 a share.

Briggs & Stratton Co.—Quar. div. on the no par capital stock reduced
from 50c.

Brunswick

a

share to 25c.

Site
stock

the com.

a

share.

N. Y.—Semi-annual dividend of 10c.

Co.,

a

share on

omitted.

(H. M.) Byllesby & Co.—Quar. divs. of 50c. a share on the class A and
class

B

common

stocks omitted.

Cables & Wireless, Ltd.— Dividend on the 5)4% cum. preference shares
for year 1931 omitted.

(Philip) Carey Mfg. Co.—Quar. div.
$2

a

share to $1.25

a

the common stock reduced from

on

share.

(William) Carter Co.—Annual div. on the com. stock reduced from $6
a share to $4 a share.
'^VV'V'V.;
—
Central Cold Storage Co., Chicago.—Quar. div. of 20c. a share on the
capital stock omitted.
'
Central Public Service Corp.—Quar. divs. on the $7, $6 and $4 cum.

pref. stock, all of no par value, omitted.

,

Central States Utilities Corp.—Quar. div. of $1.75 a share on the $7
cum. pref.
stock omitted.
Chain & General Equities, Inc.—Quar. divs. of 1% a share on the 6)4 %
annual con v. pref. stock omitted.

Chapman Ice Cream Co.—Quar. div. on the no par capital stock of
18)4c. a share omitted.
i-,..':'
Chicago Towel Co.—Quar. div. on the com. stock reduced from $1.25
a share to $1 a share.
Cincinnati Advertising Products Co.—Quar. divs. on the no par com.
stock reduced from 75c. a share to 50c. a share.

(D. L.) Clark Co.—Quar. div. on the no par.com. stock reduced from 31 )4c.
a

share on the com. stock.

of

omitted.

Baltimore & Ohio RR.—Quar. div. on
omitted.
■

Bastian-Blessing Co.—Quar. div. of 25c.

MacDougall, Inc. (Del.).—No par common
.$3.25 a share.
By Pringle, Price & Co., sInc., New

Foote)

div. of 2c. a share on the

class B stock omitted.

Baldwin-Duckworth Chair Co.—Quar. div.

respectively, on these issues.

MISCELLANEOUS FINANCING.

Iu5,000shs. (Alice

the

Arrow-Hart & Hegeman Electric Co.—Quar.

share to 25c.

a

share.

Claude Neon General Advertising,

Ltd.—Quar. div. of 1)4%

on

the

7% cum. red. pref. stock omitted.
Patent Fire
reduced from 50c.

Colt's

Arms Mfg. Co.—Quar. div.
a share to 25c. a share.

on

the common stock

Commerce Investments, Inc.—Quar. div. on the common stock decreased
from 15c. a share to 12)4c. a share.

Community Telephone Co.—Quar. div. of 50c. a share on the $2 cum.
and partic. stock of no par value omitted.
|

Margay Oil Corp.—Quar. div. of 25c. a share on the no par capital stock
resumed.
The last payment on this issue was made on July 10 1930.

Conduit Co., Ltd.—Quar: div. of 1)4%
stock omitted.

Pacific

capital

Consolidated Cigar Corp.—Quar. div. on the ho par com. stock reduced
from $1.25 a share to 75c. a share.

dividend of 2%, payable in no par stock.

Consolidated Oka Sand & Gravel Co., Ltd.—Quar. div. of 1)4% on

Associates, Ltd. (Del.).—Resumes
stock by payment of 25c. a share.

Railways Corp.—Initial

quar.

dividend

on

the

,

Standard

Safe Deposit Co.—Quar. div. on the
from $1 a share to $1.50 a share.

capital stock increased

St. Paul Union Stock Yards Co.—Quar. div. on the com. stock increased
from 50c. a share to 75c. a share.
Tide Water Oil Co.—Dividend
ment

of

made

on

25c. a share.
The
June 30 1931. <"

on the no par com. stock resumed by pay¬
last previous payment was 15c. a snare

the

a

share

on

the 7%

cum.

pref.

7% cum. conv. s. f. 1st pref. stock omitted.

Consolidated Water Co. of Utica.—Quar. div. of 37)4c.

a

share

on

the

$1.50 cum. and partic. class A com. stock omitted.
Cook Paint & Varnish Co.—Quar. div. of 25c. a share on the class A
stock omitted.
Courier

Post,

Philadelphia,

Pa.—Quar.

div.

on

the

common

stock

reduced from $2 a share to $1.50 a share.

the class

Creamery Package Machinery Co.—Quar. div. on the no par com. stock
decreased from 50c. a share to 37)4c. a share.
/

Utica Knitting Co.—Dividend on the 7% cum. pref. stock resumed by

Crowley, Milner & Co., Chicago.—Quar. div. of 20c. a share on the

United Ohio Utilities Co.—Extra dividends of $1.50

a

share

on

A and class B com. stocks.

com.

payment of $1 a share.
UNFAVORABLE

CHANGES.

Abstract Title & Mortgage Co., Buffalo, N. Y.—Quar. div. on the capi¬
tal stock reduced from 40c. a share to 25c. a share.
Acme

Steel Co.,

Chicago.—Quar. div.

the capital stock decreased

on

from 40c. a share to 30c. a share.

Alabama

Fuel

&

Iron

Co.,

Birmingham,

Ala.—Quar. div. of $1

Dennison

Alles & Fisher, Inc.—Quar. div. on the no par com. stock reduced from
25c. a share to 15c. a share.

Detroit Bankers Co.—Quar. div. on the capital stock reduced from 85c.
a share to 60c.
a share.

(Joseph)
a

com. stock

omitted.

American Bakeries Corp.—Quar. div. on
creased from 75c. a share to 25c. a share.
American

the no

par

class A stock de¬

Coal Co. of Allegheny County.—Quar. div.

on

the capital

stock reduced from $1 a share to 50c. a share.

Inc.—Quar. divs. of $1.75 a share on
pref. stock, and of $1.50 a share on the $6 cum. pref. stock

American & Foreign Power Co.,
the $7 cum.
omitted.

American Fork & Hoe Co.—Quar. div. on the no par com. stock reduced
American Hardware Co.—Quar. div. of 50c. a share on the capital stock
as

against $1

a

share paid previously.

Maize-Products Co.—Quar. div. on the no par
decreased from 50c. a share to 25c. a share.

com.

stock

Dixon Crucible Co.—Quar. div. on the capital stock of $1

share omitted.

Dolese & Shepard
omitted.

Co.—Quar. div. of $1

a

share on the common stock

Dominion Motors, Ltd.—Semi-annual div. of 10c. a sh. on the capital
stock

as

compared with 20c. a sh. paid on this issue previously.
Investment

Economic

Trust,

Ltd.—Semi-annual

div.

Inc.—Quar. div.
share omitted.

Edison Bros. Stores,
a

on

the 7% cum. conv. pref. of

(Wm.) Edwards Co., Cleveland.—Quar. div. of 1)4% on the 6% cum.
prer. stock omitted.
Egry Register Co., Dayton, O.—Quar. div. of 50c. a share on the $2
cum.

class A com. stock omitted.

Electrographic Corp.—Quar. div. of 1)4%

American

Elekiron-Werke (A.-G.), Germany.—Dividend for the
as compared with 7% paid last year for 1930.

Building Co.—Quar. div. on the

no

par

com.

stock

reduced from $1.25 a share to 75c. a share.

American Steam Pump Co.—Quar. div. on
share

the common stock of 25c.

a

Type Founders Co.—Quar. div. of 1)4% on the 7%
pref. stock omitted.

American




cum.

on

the 7% cum. pref. stock

omitted.

Emerson Electric Mfg. Co., St.

7%

omitted.

com.

Ecuadorian Corp., Ltd.—Quar. div. on the no par com. stock reduced
from 6c. a share to 2c. a share.

American Meter Co.—Quar. div. on the common stock decreased from
75c. a share to 25c. a share.

Ship

the

on

stock reduced from 87)4c. a share to 75c. a share.

1)4%

from 37)4c. a share to 12)4c. a share.

American

Mfg. Co.—Quar. divs. of 1)4% on the class A stock, 2% on
deb. stock and 1 )4 % on the 7 % cum. pref. stock all omitted.

the 8% cum.

Denver Union Stock Yards Co.—Quar. div. on the no par common stock
reduced from $1 a share to 75c. a share.

a

share on the com. stock omitted.

(A. S.) Aloe Co., St. Louis.—Quar. div. of 13c. a share on the

stock omitted.

Cuban Telephone Co.—Quar. div. of $2 a share on the common stock
deferred until the next directors' meeting which is to be held in June.

cum.

year

1931 of 5%

Louis, Mo.—Quar. div. Of 1)4%

Equitable Building Co., Denver, Colo.—Quar. div. of 1)4%
cum.

on

the

pref. stock omitted.

pref. stock omitted.

on

the 7%

8

MONTHLY

Est RR.

Co. of France

(Compagnie des Chemins de Fer de L'Est),
share for year 1931 as compared

France.—Dividend of 63H francs a
with 55 francs paid a year ago.
Fafnir

Co.—Quar. div. on

Bearing

share

7oc

t/O

a

the com. stock decreased from $1

share*

reduced from 25c.

Public

Federal

Inc.—Dividend

the capital stock

on

share to 20c. a share.

a

Service

Department Stores, Inc.—Quar.
reduced from $1 a share to 20c. a share.

Kaynee Co.—Quai. div.

Stores,

Department

(E.) Kahn's Sons Co., Cincinnati.—Quar. div. of 80c.
8% cum. & partic. pref. stock, series H, omitted.
Kaufmann

Fageol Securities Corp., Oakland, Calif.—Quar. div. of 17Hc. a share
on the 7% pref. stock omitted.
Fairmont Creamery Co. (Del.), Omaha, Neb.—-Quar. div. on the no
par common stock decreased from 40c. a sh. to 25c. a sh.
Federated

REVIEW

Co.—Quar.

25c.

to

div. of 1%%

the 6H%

on

cum.

share

a

the

on

on

com.

the com. stock decreased from 50c.

a

the

stock

share

share.

a

(Spencer) Kellogg & Sons, Inc.—Quar. div. on the

no par com. stock

reduced from 20c. a share to 15c. a share.

Keystone Steel & Wire Co.—Quar. div. of 1%%

the 7%

on

pref.

cum.

stock omitted.
Kroehler

pref. stock omitted.

on

div.

18c.

Mfg. Co.—Quar. div.

the

on

stock reduced from

no par com.

share to 12Hc. a share.

a

Landers, Frary & Clark.—Quar. div. on the com. stock reduced from $1

Fiberloid Corp.—Quar. div. of 75c. a share on

the com. stock omitted.
Fidelity & Deposit Co. of Maryland.—Quar. div. on the capital stock
of $2.25 a share omitted.

a

share to

62Hc.

Title

Land

share.

a

Building Corp.,

Philadelphia.—Quar. div.

the

on

pref.

stock reduced from $1 a share to 50c. a share.

Finance Co. of America (Bait.).—Quar. div. of 10c. a share on the class
A and B com. stocks as compared with 20c. a share previously.

Lawyers Mortgage Co., N. Y.—Quar. div. on the capital stock reduced

Finance Co. of Pennsylvania.—Quar. div.
with $4 a share paid previously.

Lawyers Title & Guaranty Co.—Quar. div. on the com. stock reduced
from 3% a share to 2% a share.
'

First Bank Stock Corp.,
stock reduced from 25c.

a

of $3

a

share

St. Paul, Minn.—Quar. div.

compared

as

on

the capital

share to 12 He. a share.

Security Corp. of Ogden (Utah).—Quar. divs. of 12Hc.

First

the class A

on

and class B stock as compared with 25c.

previously.

a

share

share paid

a

'•

Flatbush Investing Corp.,

from 70c. a share to

the com.

on

a

share.

Lawyers Westchester Mortgage & Title Co., White Plains, N. Y.—
Quar. div. on the capital stock reduced from $2 a share to $1.50 a share.

Lehigh Valley RR.—Quar. div. of 2H% on the 10% cum. pref. stock of
$50 par omitted.
Only $106,300 or this issue is outstanding.
Lisk Mfg. Co.—Quar.

Brooklyn, N. Y.—Quar. div.

stock of 1H % a share omitted.

35c.

Lone Star Gas
from 22c.

a

div. of $1

share

a

the

on

Corp. (Del.).—Quar. div.

com. stock omitted.

the com. stock decreased

on

share to 15c. a share.

Food Machinery Corp.—Quar. div. of 25c. a share on the no par com.
stock omitted.

Lunkenheimer Co.—Quar. div. on the no par com. stock reduced from

Ford Motor Co. of Denmark.—Dividend for the year 1931 omitted.

MacAndrews & Forbes Co.—Quar. div. on the no par com. stock decreased
from 50c. a share to 35c. a share.

.

year ago a

dividend of 10% was paid for 1930.

Ford Motor Co., Ltd. (England).—Dividend for the year
A div. of 10% less tax was paid on this stock for the year
Ford Motor Co. of Germany.—Dividend for the year
year ago a

A

1931 omitted.
1930.

1931 omitted.

A

dividend of 10% was paid for 1930.

Ford Motor Co. of Holland.—Dividend for 1931
a dividend of 20% was paid for 1930.

omitted.

A

year

ago

Ford Motor Co. of Sweden.—Dividend for year 1931 omitted.

10% cash div. and

ago a

a

A year
25% bonus in stock were paid for 1930.

Foundation Co. of Canada, Ltd.—Quar. div. on the no par com. stock
reduced from 25c. a share to 12 He. a share
Franklin Process Co.—-The Southern Franklin Process Co. a subsidiary
omitted the quar. div. of 5c. a share on the common stock.
Garlock Packing Co.—Quar. div. on the no par com. stock reduced
30c. a share to 15c. a share.

from

a

share.

.

General Fireproafing Co.—Quar. div. of 25c. a share on the no par com.
stock omitted.

General

share to

a

Gimbel Brothers, Inc.—Quar. div. of 1%% on the 7% cum. pref. stock
omitted.

share.

a

(R. H.) Macy & Co., Inc.—Quar. div. on the no par
50c.

from 75c. a share to

a

capital stock omitted.

Magor Car Corp.—Quar. div. of 1H %
International

Marconi

Marine

the 7%

on

from

(10%)

on

Co., Ltd.—A final
the com. stock for 1931, as

against 15% paid in 1930.
Marlin-Rockwell Corp.—Quar. div. on the no par com. stock decreased
from 50c. a share to 25c. a
share.
&

Robbins, Inc. (Del.).—Quar. div. of 87Hc.
pref. stock, series A, omitted.

share

a

on

the 7% conv.

Midi RR. (Compagnie des Chemin de Fer du Midi), France.—Div. of
58 H francs a share for year 1931, as against 62 H francs a share previously.
50c.

a

Steel Products Co.—Quar. div. on the $2 non-cum. stock of
a share both omitted.

share and on the common stock of 75c.

Mill Factors Corp.-—Quar. div. on the class A and class B stocks reduced
from 75c. a share to 50c. a share.

stock ^reduced from

Monarch

a

a

share

the

on

no

par

stock omitted.

com.

Mitchum
share

Tully Participations, Inc., No. 2.—Semi-ann. div. of 62Hc.
on

the $1.25 cum.

partic,

pref. stock omitted.

conv.

Mortgage & Investment, Ltd.—Quar. div.

decreased from 20c. a share to

12He.

the pref. stock

on

share.

a

the common stock reduced

Moore Corp., Ltd.—Quar. div. on the no par com. stock decreased from
25c. a share to 12Hc. a share.

Inc.—Quar. div. of l%% on the 7% cum. pref. stock

Morris Plan Co. of New York.—Quar. div. on the capital stock decreased

Gorton-Pew Fisheries Co.—Quar.
from 75c. a share to 50c. a share.
Goulds Pumps,

reduced

cum. pref. stock omitted.

Communication

dividend of 5% less tax, making

Godchaux Sugars, Inc.—Quar. div. on the class A stock of 50c. a share
and $1.75 a share on the $7 cum. pref. stock both omitted.
Gold Dust Corp.—Quar. div. on the no par common
62He. a share to 40c. a share.

i

,;

(Robert) Mitchell Co., Ltd.—Quar. div. of 25c.

Glen Alden Coal Co.—Quar. div. of $1 a share on the

com. stock reduced

share.

(I.) Magnin & Co.—Quar. div. on the no par com. stock
20c. a share to 12He. a share.

Midland

Ink Corp.—Dividend on the com. stock decreased

Printing

from 50c. a share to 25c. a share.

12Hc.

Madison Mortgage Corp., N. Y.—Quar. divs. of 2% on the 8% cum.
1st pref. stock and 1H% on both the 7% cum. 1st pref. stock and 7%
cum. conv. 2d pref. stock all omitted.

McKesson

General Electric Co.—Quar. div. on com. reduced from 40c. a share to
25c.

25c.

div.

on

from 60c. a share to 30c. a share.

omitted.

Granby Consolidated Mining Smelting & Power Co.—Quar. div. of
12 He. a share on the capital stock omitted.

Muskegon Piston Ring Co.—Quar. div.

(W. R.) Grace & Co., N. Y.—Quar. div. on the com. stock reduced from

National Candy Co.—Quar. div. on the com. stock reduced from 50ca share to 25c. a share.

$1

share to 50c. a share.

a

Great Britain & Canada Investment Corp.—Semi-annual div. of 2H %
on

pref. stock omitted.

the 5% cum. conv.

and

National

of $1 a share on the com. stock

National

conv.

a

Container Corp.—Quar. div. of 50c. a share
pref. stock omitted.
Steel

from 50c.

l%% on the 7% non-cum. pref. stock omitted.

(Charles) Gurd & Co., Ltd.—Quar. div. on the no par com. stock re¬
duced from 50c.

National Casket Co.—Semi-ann. div. on( the no par com. stock reduced
from $2 a share to $1.50 a share.

the no par common

Great Lakes Steamship Co., Inc.—Quar. div. on
stock reduced from 50c. a share to 25c. a share.
Great Lakes Towing Co.—Quar. divs.

the capital stock reduced

on

from 50c. a share to 25c. a share.

share to 40c. a share.

,

a

Corp.—Quar. div.

on

the no

par

the $2

on

cum.

stock reduced

com.

share to 25c. a share.

National Tea Co., Chicago.—Quar. div. on the no par com. stock re¬
duced from 25c. a share to 15c. a share.

Hahn Department Stores, Inc.—Quar. div. of 1%% on the 6H % cum.
pref. stock omitted.

New Britain Machine Co.—Quar. div. on the no par com. stock of 10c,
a share omitted.

(The) Harbauer Co., Toledo, O.—Quar. div. of 12HC. a sh. on the no
par common stock omitted.

New Brunswick Power Co.—Quar. div. of 1% on the 7% cum, 1st pref.

& Cooley Co., Hartford, Conn.—Quar. div.
decreased from $1.50 a share to $1.12H & share.

Hart

the com. stock

on

stock decreased from

}of $1.75

Honey Dew, Ltd., Toronto.—Quar. div.
cum. class A red. pref. stock omitted.

a

share on the $7

pref.

stock omitted.

Hotels Statler Co., Inc.—Quar. div. on the
$1.25 a share to 50c. a share.

Co.—Quar. div.

on

capital stock reduced from

the com. stock reduced from 50c.

a

share omitted.

25c.

Pipe Line Co.—Quar. div. on the capital stock reduced from
share to

a

10c.

a

a

share to 20c.

share.

:

a

from 10c.

a

share.

sh. to 5c.

a

sh.

Interlake Steamship Co.—Quar. div. on the com.
50c. a share to 25c. a share.
International Carriers,
from 12 He. a

Ltd.—Quar. div.
share to 10c. a share.

on

stock decreased from

on

the

Mortgage & Investment
7% cum. pref. omitted.

International
share

on

Interstate
no par

each on the no

and partic. prer. stock omitted.

International

the

Corp.—Quar. div. of 1%%

Telephone & Telegraph Corp.—Quar. div. of 15c.
no par capital stock omitted.

a

Department Stores, Inc.—Quar. div. of 50c. a share on the

com.

cum.

divs. of 1H% on the 7% cum. pref.
pref. stock and 1H% on the 6% cum.

Irving Air Chute Co., Inc.—Quar. div. on the capital stock reduced
from 12He. a share to 10c. a share.
Jamison Coal & Coke Co.—Quar. div. on the com.

stock of 50c. a share

pref. stock
,

the

on

no

par

com.

stock reduced

from 25c.' a share to 15c. a share.
a

share

on

the

no

stock omitted.

par com.

Nord Ry. (Compagnie du Chemin de Fer du Nord), France.—Div.
100 francs per share for 1931 against 105 francs for the year 1930.

of

class A stock,

1H% on the 7% cum. pref. stock and 1H% on the 6%
pref. stock all omitted.

Northeastern Public Service Co.—Quar. divs. of $1.37H a sh.
prior pref. stock and 37He. a sh. on the pref. stock both omitted.
Northwest

Bancorporation.—Quar. div.

from 45c.

a

share to 25c.

a

on

on

the

the capital stock decreased

share.

Ohio Brass Co.—Quar. divs. of 50c. a share on the class A and B com. stock
omitted.
Ohio

Electric

Manufacturing

reduced from 10c.

a

Co.—Quar.

div.

on

the

capital

stock

share to 5c. a share.

Ohio River Railway & Power Co.—Quar. div. of \%% on the 7% cum.
pref. stock omitted.
•
Old
of

Colony Trust Associates.—Quar. div.
no

par

value reduced from 50c.

a

on

Oregon Pulp & Paper Co.—Quar. div. of 2%
pref. stock omitted.
Osgood Co.—Quar. div. of 1%%

the 1st series trust shares

share to 25c.

on

a

a

share.

share on

the

8%

Jantzen

Knitting Mills of Canada. Ltd.—Semi-ann. div. of $3.50 a
share on the 7% cum. pref. stock omitted.
Johns-Manville Corp.—Quar. div. of 25c. a share on the no par com.
stock omitted.

Johnson Publishing Co.—Quar. div. on the common stock
from 25c. a sh. to 12Hc. a sh.

cum.

the 7% cum. pref. stock omitted.

Otis Elevator Co.—Quar. div. on the no par com. stock reduced from 62Hc.
a share to 50c. a share.

Pacific Truck Service Co.—Quar. div. of 20c. a share on the com. stock
omitted.
...a'v.*
.

1931

as

a

share for

compared with 85 francs paid a year ago.

Paris-Orleans RR. (Compagnie du Chemin de Fer de Paris a Orleans),
France.—Div. of 70 francs a share for 1931 as against 72H francs a
a

share

Parker

a

year ago.

Trading Co.—Quar. div. of 30c.

a

share on the class B

omitted.

com.

stock

.

Pennroad Corp.—Div. of 20c. a share on the no par com. stock omitted.

omitted.

Pfaudler Co., Rochester, N. Y.—Quar. div. on the com. stock decreased
from $1.25 a share to 62Hc. a share.

Philadelphia Rapid Transit Co.—Semi-ann. div. of 3H%
cum.

decreased

Journal of Commerce Corp.—Quar. div. of 1%% °n the 7% cum. 1st
pref. stock omitted.




the 7%

Paris-Lyons-Mediterranean RR. (France).—Div. of 80 francs

stock omitted.

Iowa Southern Utilities Co.—Quar.

stock, 1%% on the 6H%
pref. stock all omitted.

on

,

the capital stock reduced

International Match Corp.—Quar. divs. of $1 a share
par com.

'

stock decreased from 25c.

Investors, Inc.—Quar. div. on the common stock reduced

Interbanc

of 1%%

omitted.

cum.

(Tom) Huston Peanut Co.—Quar. div. on the no par com. stock of 12Hc.

Inland Investors, Inc.—Quar. div. on the com.

share and the
the com. stock

North Continent Utilities Corp.—Quar. divs. of 37Hc. a share on the

share to 25c. a share.

a

a

on

New York Title & Mtge. Co.—Quar. div. on the capital stock decreased
from 50c. a share to 15c. a share.

Noblitt-Sparks Industries Inc.—Quar. div. of 40c.

Hooker Electrochemical Co.—Quar. div. of 1H% on the 6% cum.

Indiana

1H% due about March 31,

Niles-Bement-Pond Co.—Quar. div.

the capital stock decreased

Honolulu Rapid Transit Co.—Quar. div. on
ftom 35c. a sh. to 20c. a sh.

Sound

of

both omitted.

Newhall Building Trust.—Quar. div.

share to $1.50 a share.

Home Title Insurance Co.—Quar. div. on the Com.
50c. a share to 37Hc. a share.
'

Howe

England Public Service Co.—Quar. div. of 25c.

semi-ann. stock div.

(D. H.) Holmes Co., Ltd.—Quar. div. on the com. stock reduced from $2.50
a

stock omitted.

New

Pie

on

the 7%

pref. stock omitted.

Bakers, Inc.—Quar. div. of 40c.

a

share

on

the com. stock omitted.

Pratt & Lambert Co.—Quar. div. on the no par com. stock reduced from
75c. a share to 50c. a share.

MONTHLY

Westinghouse Electric & Mfg. Co.—Quar. div. on the com. stock de¬
creased from 62 He. a share to 25c. a share.
West Point (Ga.) Mfg. Co.—Quar. div. on the com. stock of $1 a share

of 10%

Pirelli Co. of Italy.—The company recently declared a dividend
(50 lire) for the year 1931 as against 12% (60 lire) in each of the two pre¬
ceding years.
Due to a typographical error, the dividends for 192y ana
1930 were given In the March 4 issue as 12H % •
A div. on the Ameri¬
can" shares of $2.58 a share was declarel for 1931 as compared w«tn a
div. of $3.13 a share for the year 1930.
of

6He.

a

„

Wisconsin Bankshares Corp.—Quar.

share omitted.

Brothers, Ltd.—Quar. div. of l%% on the 6H% cum.
pref. stock omitted.

Price

stock

stock of 10c. a

share

'

2oc.

from 50c. a share to

•

Reversible Collar Co., Boston, Mass.—Quar.
reduced from $1.50 a share to $1 a share .

'

a

the 7% cum. pref.

stock
»

.

reduced from

div. on the com. stock

Printing Co.—Quar.
share to $1.50 a share.

Rumford
$2

capital stock

div. on the

(E. L.) Ruddy Co., Ltd.—Quar. div. of l%% on
omitted.

Rutland RR.—Div. on the 7% cum. pref.

A distribution

stock omitted.

2% was made on Oct. 15 1931.

of

i.

Sangamo Electric Co.—Quar. div. of 25c. a
omitted.

,

stock

share on the com.

.

Schulte Retail Stores Corp.—Quar. div.

of $2 a share on the

8% cum.

pref. stock payable April 1, deferred.
(Bernard) Schwarz Cigar Corp.—Quar. div. on
reduced from 50c. a share to 25c. a share.

the no par com.

Security Investment Trust, Inc.—Semi-ann. div. on the
pref. stock decreased from 3% a share to 1 H% a share.

stock

6% cum. partic.

paid on this issue.

Smyth Mfg. Co., Hartford, Conn.—Quar. div. of 50c. a
com. stock as compared with $1 a share paid previously.
Southern Acid & Sulphur Co.—Quar.

share on the

div. of 25c. a sh. on

the common

stock omitted.

Southwestern States Telephone Co.—Quar.

pref. stock omitted.

div. of l%% on

the 7%

.

.

Southwest Telephone Co.

(Del.).—Quar. div. of 1M% on the

7% pref.

stock omitted.

a

share to 25c.

a

a

share.

Co.—Quar.
share to 50c. a share.
Screw

Standard

50c.

stock reduced from

Sparta Foundry Co.—Quar. div. on the com.

div. on the com. stock

Standard Steel Spring Co.—Quar.
stock omitted.

reduced from $1

div. of 50c. a share on the no par com.

(L. S.) Starrett Co.—Quar. div. of 20c. a share on the com. stock omitted.
Title & Mtge. Co.—Quar. div. on the capital stock decreased
from 50c. a share to 25c. a share.

State
St.

Louis

Rocky Mountain

& Pacific Co.—Quar. div. on

stock reduced from 25c. a share to 12Hc .a

15c.

a

pref.

cum.

the class B stock de¬

Taylor Milling Corp.—Quar. div. on the com. stock
share to

of 1%% on the 7%

the 7%

div. on

Superior Portland Cement, Inc.—Quar. div. on
creased from 25c. a share to 12He. a share.
a

the com.

share.

Strawbridge & Clothier, Philadelphia.—Quar. div.
cum. pref. stock omitted.

Struthers-Wells-Titusville Corp.—Quar.
stock due Feb. 15 omitted."

decreased from 25c.

share.

Thompson Products, Inc.—Quar. div. of 30c. a share on

the com. stock

omitted.

Salt Lake City, Utah.—Quar. div. on the
$1 par capital stock reduced from 10c. a share to 5c. a share.
Title Guarantee & Trust Co.—Extra div. on the capital stock of 30c.
Tintic Standard Mining Co.,

a

share omitted.

Title & Mortgage Guaranty Co. of Buffalo,
a share on the capital stock omitted.

N. Y.—Quar. div. of 15c.

Tonawanda Share Corp.—Quar. divs. on the $7 cum.
and $6.50 cum. prior pref. stock of no par value, both

1st pref. stock
omitted.

Troy Sunshade Co.—Quar. div. of 25c. a share on the no par com.

stock

omitted.

Twin City Rapid
stock omitted.

Transit Co.—Quar. div. \%A% on the 7% cum.
'

pref.

■

Twin Disc Clutch Co.—Quar. div. on
from 25c. a share to 12 He. a share.

the no par com. stock reduced

Finance

Co., Inc.—Quar. div. of 2% on the 8% cum.

pref. stock omitted.
Underwritings & Participations, Inc.—Quar.
$3 non-cum. class A stock omitted.

div. of 50c. a sh. on the

Guarantee Mortgage Co.—Quar. div. on
duced from $1.50 a share to 75c. a share.

Union

United Light

the capital stock re¬

& Power Co. (Md.).—Quar. divs. of 25c. a share on the

A and class B common stock

class

omitted.

(Del.), N. Y.—Quar. div. of 1%% on the 7%
cum. pref. stock omitted.
United States Cold Storage Co.—Quar. div. of 50c. a share on the com.
United Publishers Corp.

stock omitted.

United
on

Verde

Mining Co.—Quar. div. of 12 He. a share
compared with 25c. a share paid previously.

Extension

the capital stock, as

Universal Products Co., Inc.—Quar. div. on the com. stock reduced
from 50c. a share to 25c. a share.
Utah
on

Fire Insurance Co., Salt Lake City, Utah.—Quar. div.
capital stock reduced from 3% a share to 2% a share.

Home

the

Utilities Hydro &
stock omitted.

Rail Shares Corp.—Quar. div. on the no par com.

Utilities Power & Light Corp.—Quar. divs. of l-40th of a share of com.
stock on the non-cum. class B stock and com. stock, and 50c. a share
on

the non-cum. class A stock all omitted.

Valvoline Oil Co.—Quar. divs. of $2 a share on the 8% cum. conv. pref.
stock and $1.50 a share on

the com. stock, both omitted.

Vortex Cup Co.—Quar. div. on
a share to 37 He. a share.

the no par com. stock reduced from 50c.

(Del.), Warren, Pa.—Quar. div. of 25c.
stock omitted.

Warren Axe & Tool Co.
on

the no par

com.

a

share

the $1 cum. 1st pref. stock, on the
$11-6 cum. 2d pref. stock and on the $3 cum. conv. pref. stock omitted.
On Jan. 1 1932 quar. divs. of 25c. a share; 29 1-6 c. a share, and 75c. a
share, respectively, were paid.

Warren Brothers Co.—Quar. divs. on

Telephone Co.—Quar. div. of 1%% a sh. on the 7%
pref. stock omitted.

Warren Ohio

cum.

Washburn Wire Co.—Quar. div. of 37Hc. a sh. on the common stock
omitted.

Washington Oil Co.—Div. on the com. stock reduced from 75c. a share
to 25c.

a

share.

Waterbury Farrell Foundry & Machine Co.—Quar. div. on the
capital stock decreased from $2.25 a share to $1.50 a share.
Waukesha (Wis.) Motor Co.—Quar. div. on the no par com. stock de¬
creased from 75c. a share to 50c. a share.
Western Massachusetts Cos.—Quar. div. on the capital stock reduced
from 68He. a share to 60c. a share.
Western Power, Light & Telephone Co.—Quar. divs. of 1 % % on the 7%
cum. pref. stock, series A-l and 1H % on the 6% cum. pref. stock series
B omitted.

_

Western Union Telegraph Co.—Quar. div. on the capital stock reduced
from 1H % a share to 1 % a share.
Westinghouse Air Brake Co.—Quar. div. on the no par capital stock
reduced from 50c. a share to 25c. a share.




share to 30c.

a

share.

.....

the class A stock
...

stock decreased

t

share on the com. stock

omitted.

THE

of

COURSE

OF

THE

STOCK

MARKET

DURING MARCH.

During March the stock market went into a new period
decline, wiping out the sharp rise in prices that charac¬

terized the month of February.
The renewed decline was the
result of quite a number of adverse circumstances and events,

coming at a time when, as for a long while previously, there
was a complete absence of any signs of recovery in trade, so
seriously reduced during over two years of growing trade
depression and when indeed poor income returns for current
periods—either for January or February, or for both months
combined, or for the closing quarter of 1931 and the full year
1931—kept coming in, in almost endless procession, as a
further manifestation going to show what serious inroads
into income and profits trade prostration had already made
and when dividend reductions and omissions, reported day
day and week after week, furnished additional testimony

to the

and

same

effect

as an

indication of the

h^voc that had been

still

being done by the unfortunate condition of
things prevailing and from which no early relief appeared in,
sight. There was no inducement in such a state of things
either for investment or speculative buying, and the remark
applies to bonds as well as stocks and, as a matter of fact,
the market for bonds was weak during most of March with
sharp declines in many of the low-priced issues where pre¬
viously it had shown an improving tendency.
At such a
time and under such conditions the stock market was ill
was

prepared to cope with further dispiriting news such as the
Kreuger & Toll disaster in Europe and the hostility displayed
by Congress at Washington where the House of Representa¬
tives in its consideration of taxation legislation to provide
new sources of revenue for eliminating a budget deficit of the
Federal Government for an aggregate of some $2,000,000,000
engaged in proceedings which quickly descended into a
stampede to "soak the rich" by means of inordinately high
income and estate taxes and where also propositions kept
gaining favor for imposing new tax levies on Stock Exchange
transactions, as related in detail in the earlier part of this
article, the radical elements in both the great political
parties joining in all these movements which finally proceeded
to such extremes that only the fervid intervention of the
leaders in the House at a most critical stage of the pro¬
ceedings served to prevent what threatened to develop into
a
riot
of
destructive
legislation.
The Reconstruction
Finance Corporation was actively engaged in extending aid
to financially needy railroads, but all this proved of no avail
as a stimulating influence in the stock market in face of the
budget of depressing news with which it had to contend; and
the truth is that in the general downward swing of prices the
railroads suffered rather more than the general list, though
on

the whole the market bore up

remarkably well all things

considered.

early part of the month the course of stock values for
was towards a higher level.
This was in con¬
the upward reaction which came at the very
end of February, after the sagging tendency which the mar¬
ket showed the latter part of that month, following the
great rise which it enjoyed during February as a whole.
This appears from the fact that the average of the 50 stocks
In the

1

Underwriters

a

(John J.) Zeeb & Co., Inc.—Quar. div. of 75c. a

after

Sheaffer Pen Co.—Semi-ann. div. on the no par com. stock
decreased from $1 a share to 50c. a share.
On Sept. 15 1931 an extra div.

<W. A.)

of 50c. a share was

from 60c.

,

Reading Co.—Quar. div. on com. stock reduced
a share.
V

div. on the capital stock reduced

from 5c. a share to 4c. a share.
Woodruff & Edwards, Inc., Elgin, 111.—Quar. div. on
of 25c. a share omitted.
Woodward & Lathrop Co.—Quar. div, on the com.

>

Corp.—Quar. div. on the capital

Railroad Shares

.-omitted.

red. s. f.

div. on the com.

Providence Washington Insurance Co.—Quar.
reduced from 55c. a share to 45c. a share.

_

omitted.

stock

div. on the no par com.

Pressed Metals of America, Inc.—Quar.

9

REVIEW

about

a

week

tinuance of

compilations in the New York
month was reached on
advance to that figure
from 73.52 at the close of February, and that the low for
the month was recorded on March 31 at 64.40, with the
close March 31 at 64.84.
In the case of the 25 rail stocks
as in the case of the industrial stocks, the low figure of the
month was not reached until the last day of the month.
which form the basis of the

"Times" showed that the high for the
March 8 at 79.57, this having been an

the 25 rails dropped from 30.59 March 5 to
with the close on the latter day at 22.96,
dropped from 128.71 March 8
to 105.97 March 31, with the close 106.72.
In the absence
of any improvement in trade and industry, the chief stimu¬
lating influence in the rise in the first week of March ap¬
peared to be the fact that the Reconstruction Finance
Corporation, in co-operation with the Inter-State Commerce
Commission, was arranging numerous loans to the railroads
so as
to meet maturing bond issues, and also to provide
interest payments on the securities of such roads as needed
assistance of that kind.
A satisfactory fe^tiire also at that
The average of

22.83 March 31,

while the 25 industrial stocks

time, induced no doubt by the course

of the Reconstruction

Corporation in helping needy railroads, was the
growing firmness of the bond market, and particularly
United States Government securities, which enjoyed an ex¬
Finance

ceptional rise.

The general bond market, however, was

later in the month to reverse

its

course.

Some other favor¬

ing influences in the early part of the month, though they
did not appear to make much impression on the stock market,

growing strength of foreign exchange rates on
in the general financial con¬
dition of Great Britain, as indicated by a variety of circum¬
stances and events narrated elsewhere in this article.
On
March 8 sterling exchange on London rose fully 20 points,
were

the

London and the improvement

10
and

on

MONTHLY
March 10 the Bank of England discount rate, which

Feb. 18 had been reduced from 6% to 5%, was further
reduced to 4%, and the following Thursday, March 17,
on

it was marked down to 334%On the other hand, the
XJ. S. Steel Corp., in its usual monthly statement given out
on

Thursday,

March

10,

showed unfilled orders

on

the

books of the subsidiary companies at the end of February
even

smaller, by 102,521 tons, than at the end of January,

when the total of such orders

was

the smallest in the entire

history of the Corporation; on Feb. 29 the backlog was
2,545,629 tons as against 2,648,150 tons at the end of
January; 12 months before. At the end of February 1931
the unfilled orders aggregated 3,965,194 tons, and at the
end of February 1930 the total was 4,479,748 tons.
Some
selling of Steel stock followed the appearance of this state¬
ment, but with apparently little effect on price, and the
news of numerous dividend reductions and suspensions
by
one company
after another, including a number of very
important companies, which had been coming along in
quick succession the early part of March, was also borne well.
On Monday, March 14, however, the market was dealt
a severe blow from an
unexpected quarter, and thereafter
the course of prices was strongly downward,
interrupted
only by occasional rallies the latter part of the month.
We
have reference to the collapse in the properties with which
the name of Ivar Kreuger, the head of
Kreuger & Toll, a
company with world-wide ramifications, was associated,
owing to the death by his own hand of Mr. Kreuger himself.
Under this new blow the market staggered badly, with little
signs of any recovery until Thursday, March 17, but even
this recovery did not last, and on Friday, March
18, the
market turned heavy again.
It had been known for some
time that Mr. Kreuger was deeply involved
financially,
and the securities of all the properties with which he was
identified had long been weak.
The further break in the
same on March
14, owing to his suicide, was nevertheless
of large dimensions.
The collapse in these securities and the
news
regarding the suicide carried the whole Stock Exchange
list down all the way from one to five or six
points. The
suicide actually occurred the previous Saturday morning,
but

news

of the event

was

withheld until after the close of

all the

markets, so as to allow time over Sunday to make
preparations for the ill effects which it was known would
be very decided, owing to the wide ramifications of the
Kreuger enterprises and their magnitude.
Reports from abroad to the effect that Kreuger & Toll
had loans in this market amounting to $80,000,000 served
greatly to intensify apprehensions of what would follow,
though this proved a gross exaggeration, bankers declaring
that such loans did not amount to more than $9,000,000.
Before the stock market opened here in New York, cable¬
grams from Europe told of wide breaks in the securities of
Kreuger & Toll and its affiliates in the European market.
In Paris the shares were offered in huge reams, and big de¬
clines were reported in London, Berlin, Brussels and Amster¬
dam.
On the New York Stock Exchange it was an hour
after the opening before Kreuger & Toll appeared on the
tape, and the initial transaction was 150,000 shares, the
largest single block, it is stated, ever recorded. The open¬
ing price was 1 J4, as compared with 5 the close on Saturday.
The stock closed at 234 after sales for the day of no less
than 673,800 shares, or qne-third of the day's dealings in all
stocks on the Exchange for that day, which aggregated
2,034,395 shares.
Kreuger & Toll 5% bonds of 1959 opened
at 36 as against the close on Saturday of 4834The bonds
later sold down to 30 and closed on that day at 32 34
Inter¬
national Match 5% bonds of 1947 opened at 38 against 49
at the close on Saturday, selling down later in the
day to
37 3^ and closing at 38.
International Match 5s of 1941
opened at 41 as compared with the close Saturday of 52,
touched 3934 later in the day, and closed at 39 ?4It happened that just before the close of business on
Monday (March 14) news of the suicide of George Eastman
was
reported, and this caused Eastman Kodak stock to
tumble badly, the stock dropped to 73 34 against the close the
previous Saturday of 8134- In the middle of the day there
was another
depressing influence in the announcement of the
defeat of efforts to take the resolution for the repeal of the
•

Prohibition Amendment of the Federal Constitution out of
the hands of the Judiciary Committee.
This news caused a
crash

in

the

grain market, wheat suffering a decline of
nearly 3c. a bushel, and all the other grains also moving
lower.
Perhaps the appearance of the annual report of the
United States Steel Corp. also served as a further weakening
influence in the stock market.
This contained nothing new,
the exhibit for the December quarter, made public towards
the close of February, having indicated the general results
quite fully, but the report made a poor showing and emphasis
was laid on that fact.
On the immediately succeeding days
the course of prices continued steadily downward, and the
most discouraging feature of all was the fact that the bond
market was so extremely weak, even weaker, it
might be
said, than the stock market. As the week progressed there
were further adverse
developments of one kind or another
which served to
intensify the prevailing depression and to
induce further selling and further
liquidation. As one illus¬
tration may be mentioned the reduction in the dividend on
the common stock of (R.
H.) Macy & Co. on March 16 from
75c. a share to 50c. a share, which occasioned a
sharp
decline in that stock.
weak most of the

The railroad stocks were especially
time, and the passing of the diyidend on




REVIEW
Baltimore & Ohio preferred shares served to accelerate the
downward movement of the whole railroad list.
The heaviness in the railroad list gave rise to fears that
some hitch had
developed in the plans for the relief of the
railroads, and the break in the railroad list was really the

signal for the further downward plunge in the market on
Thursday morning March 17.
Later in the day, however,
rumors spread through the financial district that the
conflict
with reference to the policy to be pursued by the Reconstruc¬
tion Finance Corporation had been harmonized and that
loans to needy carriers would be granted on a liberal scale.
The market then completely reversed its course and recovered
the whole of the losses sustained in the early part of that
day.
The railroad list now was as strong as it had
previously been
weak, and stocks now spurted up with great rapidity.
A
very good showing of net earnings by the Chesapeake &
Ohio, as far at least as the net results are concerned, helped
the upward movement along.
The further reduction in the
discount rate of the Bank of England from 4% to 334% on
March 17 was doubtless a further contributing factor.
The
next day however the market again turned lower.
On Monday, March 21, the rubber market was upset
by
official announcement

Dutch to reach

that efforts

of

the

British and

the

agreement for restriction of output had
ended in failure.
Record low prices around 3c. a pound for
the nearer rubber options were established.
On Mar. 22 and
March 23 a sharp break in the price of wheat again served
to upset the market, wheat on March 23 for the March de¬
livery dropping below 50c. a bushel, or, to be precise, to
49%c., on the news that the Farm Board contemplated
selling some of its wheat abroad, though without engaging
(as the trade was later assured) in any dumping process,
an

the purpose being to find new markets and not to enter ex¬
isting markets for wheat.
On March 24 a rise of 7o. in
sterling exchange on London was a favorable feature, but
this was offset by the dulness of the market due to the im¬
pending Good Friday holiday, many traders contemplating
being away on Saturday as well as on Friday, although the
Stock Exchange was open for business in the usual
way on
that Saturday.
An increase of 15c. a barrel in Mid-Conti¬
nent crude oil prices, effective April 1, was without
response
on

the part of the oil stocks.

The remainder of the month the market

was largely under
developments in Congress in its con¬
sideration of the tax bill for providing new sources of revenue
to take care of the Federal Government's
huge budget
deficit.
As stated, the Stock Exchange was open on Satur¬
day, March 26, after the Good Friday holiday.
In the inter¬
val between Thursday and Saturday the House of
Represen¬
tatives had rejected the proposition for a sales tax on which
the House Ways and Means Committee had counted for
nearly $600,000,000 of new revenue, and had also voted
down a proposal offered from the floor of
2%% beer, which
might have yielded considerable revenue (the one proposi¬
tion on Thursday and the other on Friday), and
everything

the influence of the

seemed to be in

for

a

state of chaos with reference to the

means

balancing the budget.

On the same Friday a report
was issued
by the Swedish Government committee investi¬
gating the affairs of the Kreuger & Toll Holding Co., which
indicated that the liabilities of this vast undertaking ex¬
ceeded its resources; this naturally occasioned further ex¬
tensive selling of the securities connected with th^t concern,,
dealt in on the New York Exchange.
The shares dropped
below 1, selling down to
while Kreuger & Toll deben¬
tures declined 834
points net to 15
after setting a new low
at 15.
International Match participating pref. dropped
1% points and closed at 4, after setting a new low at 324,
while International Match convertible 5s closed 7
points
lower at a new low of 21, while the 5s of 1947
dropped 7 24
points net to a new low at 2034.
The Swedish committee
made it clear that if Kreuger & Toll were now to be
liqui¬
dated, "it is not certain that its assets would be sufficient
to

cover

its liabilities."

j In other words,

the hope of the
in the market value of
Kreuger & Toll. This, and the de¬
pressing news from Washington, caused general weakness on
the New York Stock
Exchange, and declines ensued running
as
high as 434 in the case of the active specialties, the 434

security

owners

lay in

a

recovery

the securities held by

?oint & Tel.occurring in the
drop On Monday,
'el.

of the shares of American

case
March 28, the market took a.
the proceedings on the tax bill
the previous
Saturday having shown that both the Republi¬
cans and the Democrats were still
engaged in ripping the tax
bill to pieces and were
flaunting responsible leadership with
utter unconcern.
On Tuesday, March 29, somewhat of a
rally developed as it appeared that the Congressional insur¬
gents were becoming more tractable in their treatment of
the tax problem.
However, there were some weak features,
nevertheless.
Thus, sharp declines were witnessed in all.
securities of the Int. Tel. & Tel.
Corp. and the Postal Tel. &
Cable companies, coupled with news of a break in L. M.
Ericsson Telephone stock in Stockholm.
There were rumors
of a selling of
Kreuger & Toll holdings in Int. Tel. & Tel.
for which
apparently there was no foundation, since no
Int. Tel. & Tel. shares had
yet been delivered under the
Ericsson transaction; furthermore, so
long as the Swedish
moratorium lasted, there probably was no one in the
Kreuger
& Toll Co. who could sell
any of its securities.
It also hap¬
pened that the foreign exchange market showed heavy de¬
clines in the case of
sterling bills on London and also in the
case of several of
the other European exchanges.
Cable.
further

downward

turn,

MONTHLY
on London rose from $3.69% on Friday, March 25,
$3.83% on Monday, March 28, and now there was a
drop back to $3.77 on March 29 and a further drop on
March 30 to $3.72, with a recovery, however, on March 31
to $3.82%.
The weakness in the foreign exchanges seemed
to grow out of rumors that the United States might be
forced off the gold standard, the talk to that effect this time
being related to the difficulties that were being encountered
in getting a bill through Congress for balancing the Federal
budget. One depressing feature on March 30 was that the
"Iron Age," in its weekly issue, reported a further decline
in steel operations of 3 points to only 22% of capacity.
U. S. Steel pref. declined to 88%, the lowest level since 1908.
On March 31 the market fell into a complete collapse,
with prices tumbling from 1 to 7 or more points, owing to
the approval by the House of Representatives of an in¬
creased tax on stock sales, this tax being now raised to
% of 1% of the value of the stock, but in no case less than
4c. a share, against the present flat rate of 2c. a share.
This was looked upon by dealers as close to confiscatory.
The break was considered all the more noteworthy in view

11

REVIEW

transfers

short interest that existed, which latter
the fact that after the close of trading
speculators short of the market had to pay a large premium
in borrowing stock in the case of quite a number of shares.
U. S. Steel common, Westinghouse Electric and American
Tel. & Tel., for instance, commanded a premium of % of
1%, which meant $50 a day for 100 shares.
This may
have been due in part to the fact that from that day on Stock
Exchange commission houses, before lending the stock of
their margin customers, had to obtain "separate authoriza¬
tion" for so doing.
Previously a blanket clause in the agree¬
of the very large
was reflected by

ment between customer and broker was

the

sufficient to cover

hypothecation of the customer's stock.
general trend of prices was towards lower levels,
a few of the active
specialties suffered larger declines than
the general list.
American Tel. & Tel. was one of these.
It fell from 135% March 5 to 109% March 31 and closed
March 31 at 110%.
It has already been indicated that all
the securities with which the name of Ivar Kreuger was
lending

or

While the

associated suffered

complete collapse.
U. S. Steel common
51% March 7 to 38% March 31, with the
close March 31 at 39.
Auburn Auto dropped from 101%
sold down from

March

11

70 March 31

to

and closed March 31 at 72%.

General Motors declined from 22% March 3 to
28 and closed March 31 at 15%.

15% March

People's Gaslight & Coke of Chicago fell from 101 March 8
to 84% March 28 and closed March 31 at 84%.
Western
Union Telegraph declined from 47 March 8 to 35 March 31
with the close March 31 at 35%; and Westinghouse Elec& Mfg. fell from 33% March 3 to 22% March 30 with the
close March 31 at 23%.
Allied Chemical & Dye declined
from 87% March 8 to 73% March 28 and closed March 31
at 74%; American Can from 73% March"8 to 60% March 31
with the close March 31 at 61%; Case Threshing Machine
from 39 March 7 to 31 % March 28 with the close March 31
at 32%; Consolidated Gas (N. Y.) from 68% March 8 to
57% March 31 with the close March 31 at 58%; Eastman
Kodak from 84% March 7 to 72% March 31 with the close
March 31 at 73; E. I. DuPont de Nemours from 58% March 7
to 45% March 31 with the close March 31 at 45%; North
American from 39% March 3 to 30 March 31 with the close
March 31 at 30%.
In the railroad list Atchison was a weak
feature most of the time and declined from 88 March 5 to

63 March 31 with the close March 31 at 63%.
sold down from 33% March 8 to 25% March

March 31

N. Y. Central
31 and closed

25%; Union Pacific touched a high of 87%
low of 68% March 31 with the close March 31
at 68%; while in the case of Southern Pacific the range was
from 28% March 3 down to 18% March 31 with the close
March 31 at 18%. Altogether 444 stocks on the New York
Stock Exchange reached new low levels for the year during
the month and 361 stocks touched new high levels. On the
Curb Exchange 249 stocks touched new low levels during the
month and 183 stocks new high levels. Dealings on both ex¬
changes were only moderately large in volume with sales on
the New York Stock Exchange aggregating 33,031,499
shares, which compares with 65,658,034 shares in March
1931; 96,552,040 shares in March 1930 and 105,661,570
shares in March 1929.
On the Curb Exchange the sales
aggregated 4,524,072 shares, against 14,089,000 shares in
March 1931; 27,294,900 shares in March 1930 and 32,058,800
at

March 5 and

bond

case

Martha 31.

Highest.

First Liberty Loan—
i

97«3j Mar 2 1002»i Mar31
99103» Marl 5 100lesiMar23

1.0*33

a9918ai

100»M

8%B. 1932-1947

992S3j Mar 2 10021si Marll

100*33

98"3J

First 4s, 1932-1947
First 4Ks, 1932-1947

699**33

Fourth Liberty Loan—

16.

Mar 8 101«3i

99«3i

9823«

103

100*33

Mar 9
Marl2

97*33

97*«

9612si Mar 2

94

93>«m Mar 3

9512»i Mar 9

94**33

90

Treasury 3%B. 1940-1943...
Treasury 3%b, 1941-1943...
Treasury 3%b, 1946-1949—
March

100**33

Mar22

100

102"siMar28 103 20»a MarlO

100 <31

Treasury 3^8, 1943-1947...
Treasury 3s, 1951-1955

a

Mar 2 101

100»,i
10333j

4%b of 1933-1938
Treasury 4Kb, 1947-1952.
Treasury 4s, 1944-1954
Treasury 3%b, 1946-1956.—

88»i«

90»<>ii Marll
96*33 MarlO

89*33

Mar28

95*JI

94 <sa

95 <3i

94*ji

Mar28

96*33

91 "31

90

Mar28

95

921*33 Marl 4

Mar 2

94**33

Mar 9

91*33

6 March 28.

Closing

Opening
Price

Railroad and Industrial Bonds.

Mar.

Atch Topeka & 8 Fe gen 4s
1995
Atlantic Coast Line 1st cons 4S--1952
Baltimore & Ohio 1st gold 4s
1948

Mar. 31

Lowest.

87 M

ser

A

85 % Mar 11

c74M

Mar 31

68

77

Mar 31

Mar

86K

77%

86 % Mar

78

57

41H

Mar

78 % Mar

68

86# Marll

77

68

54% Mar 31

69

60 %

60

66 % Mar

54%
60%
28%

82M

38 M

1975

29

1949

669 M
43 H

—1967

Mar 29

28 M Mar 31
22
Mar 31
64 M Mar 30
30
Mar 31

Mar

30% Mar

34% Mar
71% Mar 14
46

22

f64%
30

Mar

43 M

31

Mar 31

45 % Mar

70 %
47 M

1975
Great Nor gen 4%b series E—1977
Illinois Central C St L & N O 5sl963
Kansas City Sou ref & Imp 5s—-1950

Lehigh Valley (Pa)

91

77% Mar 30
77% Mar 31
38 M Mar 26

63 M

1977

Erie ref & Imp 6s of 1927
Ref & Imp 6s of 1930

85 % Mar 28

81M

..

Chic & N W conv 4%b ser A
C C C & St L 4 Hs series E

1932.

Highest.

fl81M

Convertible 4Mb
i960
Boston & Maine let 5s
—1967
Ches & Ohio ref & Imp 4%b B—1995
Chesapeake Corp conv 5s
1947
Chic Milw & St P gen 4s ser A.
1989
C M St P & Pao 58

Price

Range for March.
1

1932.

64

Mar 28

74% Mar 11

38 % Mar 30

47% Mar
08% Marll

'

ff64
39

62M Mar 31

668

31

02%

2003

55

45

Mar 31

56

Mar

9

45

adj 5s..—.1967
Missouri Pacific gen 4s
1975

54

36 % Mar 29
20
Mar 31

59

Mar

9

40

35% Mar

3

Mo-Kan-Texas

gen 4s

cum

33%

N Y Chic & St L 4Kb series C—1978
N Y N H & Hartford 1st & ref
4%b '67

20%

34 M
673 M

30

Mar 31

40

Mar 10

30

66

Mar 31

75

Mar 10

66

Mar 22

53
65

N Y Ont & Western ref 4s

1992

49 M

49

Mar

55

Pennsylvania RR deb 4%b

1970

69M

65

Mar 28

73

Mar 11

St Louis-San Francisco—
General 4s series A

1950

29 M

22

Mar 28

32

Mar

3

22%

Con 4 % s series A
Southern Ry gen 4s series A

1978

22M

17

Mar 28

26

Mar

3

17

1956

46 M

36

Mar 28

48% Mar

2

87%

Western Maryland 1st 4s

1952

59

54 % Mar 29

00% Mar

4

50%

Allegheny Corp coll tr 5s

Mar 31

19

1949

28

15 M Mar 31

2030

Brooklyn Union Elev 1st 5s

42

32 M Mar 18
74 M Mar 2

34% Marll

19

30 % Mar
44 % Mar

15X
82%

9

7

79

Mar 18

076

...1941

90

88

Mar

2

97

Mar 29

097

conv 6s

1940

83

78

Mar 31

86

Mar

9

78

2

56

Mar 12

62

674 M

1950

Central Steel 1st 8s

Dodge Bros equip

31

1944

Collateral and conv 5s

American & Foreign Power 5s

Internat Paper 5s series A

1947

52

51M Mar

Int Tel & Tel conv deb 4%b

1939

53

31

Liggett & Myers Tobacco 7s

1944 6118

Paramount-Famous-Lasky 6s

1947

52 M

Warner Bros Pictures 6s

1939

31M

Mar 29

3

55 % Mar

35%
Mar 16 n 15%

115% Mar 26 119
42
Mar 26 60% MarlO
24

Mar 30

42%

33 % Mar

3

24

8

Foreign Bonds—
13

Mar

1957

58-M

50 H Mar 29

68

Mar 11

/ 7%
S52

-1959

58 M

1962

53 %

50 % Mar 29
Mar 23
46

67% Mar 12
59 % Mar 11

47%

1955

55

55

Mar

1

Anfloquia (Dept) 7s series A
Argentine (Govt) 6s series A
6s of June

External 5 Ms
Australia 5s of 1925

7% Mar 30

d 12

1945

1925

—1957

54 %

54% Mar

1

61% Mar
61% Mar

External 4Mb of 1928
Berlin (City) ext s f 6s

-.1956

49

49

1

56

1958

25

Bolivia (Republic) ext 7s

—1969

5M

20 % Mar 29
5
Mar 31

-.1947

a8 M
24

7 % Mar 22
23
Mar
1

External loan 5s of 1927

External 8s
Brazil external 8s

1941

Mar

6 Mb of 1927
Brisbane (City) 5s

1957
1957

o43

40

Mar 31

Sinking fund 5s

.1958

39

39

Mar

1
1

19M

Chile (Republic)

19% Mar

1

Mar

7

13% Mar

8

Mar

1

15

4

Mar 24

23

% Mar 31

23%

Mar 28

65

Mar

9

58%

44% Mar

9

13

7

012 «

55% Mar 11

55%

1965
1958

38 M
11

1957

50 M

32}* Mar 22
10}* Mar 23
50% Mar 1

1958

50

50

Peru (Republic) sec skg fd 7s.-.1959
External 6s
I960

el2

2.

March

7

Mar

12

38

54%
/11.1 J
5%;

Mar

4

12% Mar 11
6% Mar 2

70% Mar

1

88

60 % Mar
1
12
Mar 12

69

Mar 23

65

18

18

Mar

1

fl2

17%

1946
c

58

Mar

12

70 M

-—1946
1946

3.

1

Mar

00%

1947

6 March

Mar

10

Mar 31

18

Mar

2

10

Mar 12

42

10N Mar 24
5%

6

Queensland (State) external 7s—1941

March

23%
40

040}*
12N

Mar 24

New South Wales (State) 5s

15

5

7%
26%

Mar

56

a

31% Mar 11
25 % Mar 7
48 % Mar 8
48 % Mar 8

12

22

Uruguay (Republic) 8s.-

2

22

7

12

61

Rio Grande do Sul 8s

Mar

8% Mar

6

12

1949

External 6s

28% Mar 10

,

00%
54%

12

German (Republic) 7s
German International 5Ms.Mlnas Geraes (State) 6 Mb

Rio de Janeiro (City) 8s

3

Mar

52

60

12

21

External sinking fund 5s

4
3

al2%

6s
Sept 1961
External sinking fund 6s
'1963
External sinking fund 6s
1960
Colombia Mtge Bank 7b of 1927.1947

a47%
4.

a40% Mar 26 50

d March

5.

e

March

Mar 23

7.

79

/ March

^
.

£

30.

0 March 29.

market,

of Ui

VOLUME

OF

BUSINESS

Month of March—

as

ON

THE

1932.

Stock sales—No. of shares

33,031,499

Bond sales (par value)—

$

independent strength and yet even in that
case there was a shading of prices the latter part of the
month, this being due to the difficulties encountered in
putting through new tax legislation but also to the rapid
growth of the movement for a further solider bonus to the
full extent of the face value of the adjusted service certifi¬
cates, which would call for a new outlay by the U.S. Treasury
to amount of over $2,000,000,000. In the following table we
show the fluctuations during the month in the different
issues of United States obligations and also in a large list

1930.
1929.
96.552,040 105,661,570
$

$

Total bond sales

250,900,700 242,665,000 344,369,800 210,517,000

Jan. 1 to March 31—

99,110,149 172,343,252 226,694,430 294,436.250
$
%
536,111,000 429,515,000
State, municipal and foreign..190,082,000 193,496,500 181,381,500 162,311,050
United States Government
177.343,450
45,814,050
30,910,300
35,116,600

Stock sales—No. of shares
Bond sales (par value)—

$
$
Railroad and miscellaneous...397,095,500 449,046,000

764,520,950 688,356,550 748,402,800 626,942,650

Total bond sales

VOLUME OF BUSINESS ON THE CURB EXCHANGE.

1932.
4,524,072

Stock sales (No. of shares)
Bond sales (par value)—

$

1931.
14,089.000
$

1930.
27,294,900
$

91,972.000
5,083,000
7,702,000

Foreign Government
Foreign corporate

71.231,000
2,408,000
3,419,000

85,684,000
2,529,000
4,923,000

Total bond sales

77,058,000

1929.
32,058,800
$
<4
47,315,500
3,011,000
4,005,000

93,136,000 104,757,000

Domestic

Jan. 1 to March 31—

13,611,274

Stock sales (No. of shares)

(par value)—

Bond sales

$

35,377,137
$

^

r
rf62,033,275 105,942,350

$

$

188,334,000 224,700,000 174,728,000 159,997,500
6,863,000
6,739,000
12,013,000
10,727,000
9,146,000
11,313,000
13,985,000
10,666,000

Domestic

Foreign Government...

Foreign corporate
Total bond sales

54,331,500
•

—.204,343,000 242,752,000 200,726,000 181,390,500

THE MONEY MARKET DURING MARCH 1932.

There

was

continued manifestation of

ease

in the New

during March, without any especial
developments bearing on the course of the money

York money market

likewise of foreign

new




$

miscellaneous—133,785,500 159,978,500 252,335,000 145,481,500
64,974,500
74,028,000
77,569,000
53,108,000
United States Government
52,140,700
8,658,500
14,465,800
11,927,500

of railroad and industrial bonds and a considerable number

bond issues.

65,658,034

EXCHANGE.

State, municipal and foreign..

S. Government securities which most of

the time showed

STOCK

1931.

Railroad and

Month of March—

already indicated, except at the
beginning of the month was weak in common with the stock
market and often even weaker, though this does not apply
in the

Sale

Lowest.

a

shares in March 1929.

The

Last

1932

Sale
March 1.

R. H. Macy & Co. tum¬

bled from 57% March 8 to 36% March 28, the reduction
in the dividend rate being one of the factors in the collapse.

During March

Range

First

Government Bonds.

to

REVIEW

MONTHLY

12
Review"

New

assets, and to that extent was to

York

Federal Reserve Bank, issued under date of April 1,
out that "the most important new development

points
in the

situation.

The

"Monthly

^

of

the

be regarded as a proper
the normal and
had grown up
that found its

development in the process of adjustment to
away from the unsound conditions which
during the period of speculative expansion
culmination in the stock market collapse in

banking situation during the past month (March) has been
a considerable reduction in the indebtedness at the Reserve
banks of member banks outside of New York.
Member

the autumn of

1929), the following further explanation is vouchsafed:
"These developments have retarded, although they have

banks in many communities were forced to borrow heavily
Reserve banks last autumn, due partly to with¬

yet stopped, the decline in bank deposits.
During the
weeks ended March 23, the total loans and invest¬

from the

not

drawals of currency by their depositors, and partly to a per¬
sistent flow of deposits to New York which continued in the

four

1932, so that indebtedness of these banks
rose further in January and February to above $800,000,000,
the highest level since 1929.
Such a volume of indebtedness
at any time exercises a restraining influence on the banks,
and, under present conditions when all banks are striving
to attain a liquid position, it constitutes a heavy burden
and has a tendency to create considerable pressure toward

decline of about $200,000,000,

weekly reporting member banks showed a further
notwithstanding large pur¬
chases of Government securities on March 15, and the net
demand and time deposits of these banks showed an ac¬
ments of

early part of

companying reduction of approximately $170,000,000.
The
return flow of currency, disbursements by the Treasury for
Government expenditures, and Reserve bank purchases of
Government securities all have tended to increase bank
deposits, but their influence has been more than counter¬
balanced by the reduction in deposits which accompanied
the decline in loans and investments other than Government

the limitation of credit."

The reference here is to the fact that the discount

holdings
of the 12 Reserve banks in the period from Feb. 17 to
March 30 were reduced from $845,781,000 to $633,255,000.
In its analysis of the situation the New York Reserve Bank
goes on to say that "the reduction during the past month,
which has amounted to about $180,000,000, may be at¬
tributed in part to the indirect effects of purchases of United
States Government securities by the Reserve banks, and
in part to the return flow of currency to the banks."
In
speaking here of the part played by purchases of United
States s Government securities by
the Federal Reserve
banks, the Reserve officials show the same fondness for
reversing the order of things that has been noted many
times in the past.
They undertake to convey the impression
that these purchases of Government securities, which have
been very heavy in recent weeks, served to enable the
member banks to reduce their indebtedness, which is the
reverse of the truth, inasmuch as what happened has been
that the member banks were able independently to contract
their borrowings at the Reserve institution, and as this
involved (owing to the reduction of the discount holdings of
the Reserve institutions) a contraction in the volume of
Reserve credit outstanding, the Reserve authorities under¬
took large purchases of United States Government securities
with the idea of keeping close to the same amount of Reserve
credit outstanding as before.
Diminution in member bank
borrowing preceded the huge additions to the holdings of
United

Government securities.

States

ceeded week after week, the Reserve

clined.

In other words,

as

far

reflected

as
an

the
im¬

provement in the general banking situation, it came about
independently and wholly without any relation to the
purchases of United States Government securities.
These
purchases were made so as to prevent, as far as possible, a
contraction in the volume of Reserve credit outstanding.
For the benefit of the student, it is well to place the relation¬
ship of the two events in their proper juxtaposition.
In
continuing its narrative the New York Reserve Bank goes

banks.

March

The

official

the

January."

call

loan

rate

on

the New

York

Stock

official rate (even at the middle of the month, when often
there is a considerable dislocation of funds, arising out of
Government financing

and the large income tax payments).
during the greater part
of the month was
of 1%, the outside rate being generally
while in the closing week of the month the concession
increased to Y of 1%, loans then being obtainable on the
outside at 2%, and in considerable amounts, too.
In
The concession from the official rate

the time loan branch of the market little

or no

business

was

previous months, virtually
no demand for accommodation of that kind and quoted rates
for time loans were almost entirely nominal; but these
done, there being, as in

nominal rates

were

so many

twice reduced—first

March 2, from

on

of 33^@3%% to 3@33^%, and on March 21 to
2% @3% for all dates.
a

range

The demand for commercial paper was

active all through
all times inadequate
to requirements.
The New York Federal Reserve Bank
says that dealers' sales of paper continued to be in limited
volume during March, although distribution of paper became

And this has pro¬

member bank indebtedness

in

reporting

the

of

Exchange there was no deviation at any time during March
from the 2^% rate prevailing for so long, this having been
the charge both for new loans and for renewals throughout
the month.
Outside the Stock Exchange, banking funds
were all
the time available at some concession from the

the month, with supplies of paper at

as

the Federal Reserve banks.

on

In

The two events

reduction

holdings

and of $550,000,000 in

banks adding to their

member bank borrowing again and again de¬
were concurrent, but purchases of
Government obligations followed the shrinkage in discount
holdings and in the holdings of acceptances (which latter
were also heavily reduced) instead of the expansion in the
holdings of United States Government securities having
enabled the member banks to cancel their indebtedness to
holdings

security

reduction in deposits, however, is considerably less than the
reduction of nearly $540,000,000 in the previous month,

j

The principal

somewhat wider as the month progressed.

factor

restricting the sales volume, it is stated, was the
new paper being created by the type of
concern which is able to finance through the open market.
Quotations for choice names of four to six months' maturity
were a trifle lower the latter part of the month at 3 Y @3 3^ %.
Names less well known commanded 3 % @4 Y % •
Some very
high class 90-day paper transactions were occasionally
reported at 3%.
Reports to the New York Reserve Bank
from the dealers showed only $103,000,000 of commercial
paper outstanding on Feb. 29, this comparing with a revised
total of $108,000,000 outstanding at the end of January
and with $315,000,000 at the end of February in 1931.
small amount of

,

DAILY RECORD

OF TIME LOAN RATES.

to say:

Government securities
necessarily were conducted largely in New York, but the
funds paid out were widely distributed through Treasury
transfers of funds to other parts of the country to cover pay¬
ments of loans made by the Reconstruction Finance Corpora¬
tion, as well as ordinary Government expenditures. Through
this process many member banks obtained funds with which
to reduce indebtedness.
The result is in accordance with
the usual effect of security purchases by the Reserve banks;
an
increase in Government security holdings does not
ordinarily increase the total volume of Federal Reserve
credit, but rather helps to reduce the dependence of the
member banks and of the acceptance market on money bor¬
rowed from the Reserve banks, and so to promote easier
banking conditions.
"The return flow of currency to the banks has proceeded
at a fairly steady rate of at least $25,000,000 in most weeks,
after allowance is made for seasonal variations in the demand
"Federal

Reserve

purchases

of

for currency, and in the seven weeks ended
movement
totaled
around $165,000,000.

March 26 the
This

flow

of

into the banks, together with the operations of
the Reconstruction Finance Corporation, undoubtedly has

currency

Rates

on

Mixed Collateral.

March
30 Days.
1

i-

2
3
4

60 Days.

90 Days.

4 Months.

5 Months.

6 Months.

33*@3^
3
@33*
3
@33*
3
@33*

33*@3 H

33*@3J*

33*@33*

3

33*@33*
3
@33*
3
@33*
3
@33*

33*@33*
3
@33*
3
@3H
3
@334

@33*
@33*
@33*
@33*
@33*

3

@33*
@3>*
@334
@33*
@33*

@33*
@33*

3

@33*

3

@33*

3

3

3

3

@33*

3

@3}*
@3>*

@33*
@33*

Satur day

6

Sun day

7
8

3

3

t

9

3

10

3

11

3

3

@33*

3

3

@3

3

3

@33*

3

@33*
@33*
@33*

3

3

@3*4
@33*
@33*
@33*

@33*

3

@33*
@33*

3

@3 3*
@33*
@33*

3

3
3

@3 3*

3

@33*

3

@33*
@33*
@33*
@33*
@33*

3

3
3

12
13

V

14 .i'-w.,*.

3

15

3

16

3

17

3

18

3

•

" 1

@334
@33*
@33*
@33*
@33*

3
3
3
3

3

@33*
@33*
@33*
@3}*
@33*

Sun day
3

@33*
@33*

3

@33*
@33*

3

@33*

3

3

@33*

3

3
3

3

20
21

2%@3

22

2%@3

23

2%®3

24

2%@3
2M@3

25

25*@3
2%@3
2M@3
2M@3
2M@3

26

2M®3
2?*®3
2M@3
23* @3

2M@3

27

smallest number in many

30

part

was

in insufficient supply, whereas a

considerable part at
liqudation and closing out
with the elimination of frozen and ineligible

least could be ascribed to tbe
of old accounts




31

of the month closings were

nearly equaled in number, and were considerably exceeded
in the amount of deposits involved by reopenings of banks
previously closed."
Some weakness in the theory being still apparent, such as
the fact that the deposit of member banks continued to
shrink (which shrinkage, in the current discussions, had
been referred to as an indication that member bank credit

3

@33*

3

@33*

3

3

@33*
@33*
@33*
@33*
@33*

3
3

3
3

23*@3
2% @3

2% @3
23*@3
2% @3

2?*@3
2?*@3
2% @3
23* @3
23*@3

2% @3
2J*@3
23*@3

2 J*@3

23*©3
23*@3

2?*@3
23*@3

Sun day

23*©3

latter

@33*
@33*
@33*

Satur day

23*@3

the

3

Sun day

2?*@3
2M@3

In

3

Satur day

2M@3

months.

3

19

2%@3
2M@3
2%@3

the

3

@3

2%@3

to

3

3

29

in March

3

3

28

reduced

3

Satur day

strengthened the position of many banks, and bank closings
were

3

5

The

2%@3

23*@3
23*@3

23*@3
23*@3
23*@3
23*@3

23*@3

23*@3
23*@3

23*@3
2?*@3

in money found strongest expression in
market.
Here rates were marked down
during the month.
On March 1, rates were
reduced Y of 1% on bills running from three to six months.
They were again reduced on Friday, March 11, when 30day, 60-day and 90-day bills were lowered by Y of 1 %•
On
March 22, there was a further reduction of 3^ of 1% on all
maturities, bringing the rates down to 2 Y% hid, and 2%%
asked, for bills running from 30 to 90 days, to 2^ bid, and
2Y% asked, for 120 days, and 2% bid, and 2% asked, for
the

growing

acceptance

several times

ease

13

MONTHLY REVIEW
bills

Immediately after the

running for 150 and 180 days.

close of the month, that is, on April 1, rates were further
reduced
of 1 % on all maturities.
The acceptance holdings

dropped from $137,584,000, March 9
to $66,362,000 March 30, but their holdings for their foreign
correspondents increased from $311,640,000 March 2, to
$335,425,000 March 30.
According to an announcement
made by the American Acceptance Council on March 16, the
volume of bankers' acceptances outstanding on Feb. 29, was
smaller by $41,674,522 than the total at the end of January,
that is, the amount was down to $919,391,880.
Twelve
months before on Feb. 28 1931, the agrgeate was $1,519,857,484, showing a contraction during the year in the large sum of
$600,465,604.
The American Acceptance Council explained
the shrinkage as follows:
Contributing to this decline, the total of bills drawn to finance goods
stored abroad or shipped between foreign countries is now less by $259,400,000, export bills are off $203,300,000, import bills are off $69,600,000,
dollar exchange bills are off $45,000,000, domestic shipment bills are off
$16,500,000 and bills to finance goods in domestic warehouses are off

might also make some alteration in its rate, but it was
unchanged at 3%.
RATES FOR

MONEY AT NEW

left

YORK.

of the 12 Reserve banks

Week Ended—

March

Call loans

on

Range for week (mixed &

Thus it is clear that the two major causes of the

2X@2X 2X@2X 2X@2X 2X@2X 2X@2X

dustrial collateral)
Time loans (mixed & Indus, coll.):

our export trade

3®3X
3@3X
3@3X
3@3X
3@3»A
3®3%

Ninety days
Four months...

Five months
Six months

1231283154970632054 2103769584

77% of the total decline.

The New York Federal Reserve Bank in

discussing the

bill market said:

"During the first part of March, the investment demand
bills diminished, with the result that dealers' port¬
increased somewhat, and offerings of bills to the
Reserve banks increased between March 2 and March 9.

for

folios

succeeding week, dealers' sales were stimulated by
around March 15, as well as by foreign
buying through the Reserve bank, and the supply of bills was
reduced as the banks retained newly created bills.
Con¬
sequently, dealers' portfolios were reduced substantially,
and open market rates for bills maturing within 90 days
were reduced
on March 11, following a decline of %%
in bills of longer than 60-day maturity on March 1.
"For the balance of the month, the demand for bills was
large relative to the amount of bills being released to the
discount market by accepting and discounting banks, and
dealers were unable to fill orders.
A further reduction of
the

local bank buying

Y%% in dealers' rates for all maturities of bills was effected
March 22, bringing the offering rate for 90-day unindorsed
bills to 2%%y the lowest since the middle of last October,
and on March 25 the buying rate of the New York Reserve
Bank was lowered to 23^% for indorsed bills not exceeding
four months maturity.
Following the increase in the first
reporting week of March, Federal Reserve holdings of pur¬
chased bills declined steadily and on March 30 amounted to
only $66,000,000, the smallest volume since last August."
on

Double and single names—
Prime 4 to 6 months

Secured by

30 Days

90 Days

60 Days

120 Days

180 Days

150 Days

Bid & Ask Bid & Ask Bid & Ask Bid dk Ask Bid. & Ask Bid dk Ask

Accept'ces

1

2X-2X
2H-2H
2X-2X
2X-2X

2H-2X
2X-2X
2H-2X
2X-2X

7

2X~2%

8

2H-2H
2X-2X
2X-2%
2%-2X

2X-2X
2H-2X
2H-2X
2X-2X

4—
5
6

3

-2X

3

-2 H

3

.2X

3

-2 X.

3

-2 X

2X-2X

3

-2X

3

-2X

2X-2X
2X-2X
2X-2X

3

2

2X-2X
2X-2X
2H-2X
2X-2X
2X-2X
Saturday

3...

3

2X-2X
2H-2X
2X-2X

2H-2X
2X-2 X
2X-2X
2X-2X
Saturday

2...

3

-2X
~2X
-2X
~2X
~2X

02X

Sunday

9

10....

11....

2X-2X

3
3

H~2X
2X-2X

3

3

~2X

3

-2 X

3

3

-2X
~2X

3

-2 X

~2X
-2X
~2X

Sunday

14....

2K-2X
2X-2X
2H-2M
2X-2X
2X-2X

15-...
16w

2X-2X
2X-2X
2X-2X
2X-2X
2X-2X

2X-2X
2X-2X
2H-2H
2X-2X
2H-2X

19....

20....

3

3

3

3

2X-2X
2X-2X
2X-2X
2X-2X
2X-2X

3

2X-2X

-2 X
2H-2X
2X-2 H
2X-2X
2X-2X

2X-2X
2X-2X
2X-2X
2X-2X

2X-2X
2X-2X

2X-2X
2H-2X
2X-2X
Saturday

2X-2X
2X-2X
2X-2X
2X-2X

2X-2X
2X-2X
2X-2H
2X-2H

~2X
~2X
3,-2 K

3

3

-2X
~2X

3

-2 H
2X-2 X
2X-2 X
2X-2 H

3

Sunday

21....

2X-2X
2X-2H
2X-2%
2H-2H
2X-2X

22

23.

2X-2X
2X-2X
2X-2X
2X-2X
2 X~2 H

26-...

2X-2X
2X-2X
2X-2X
2X-2X
2X-2X
Saturday

27

3

3

r-2X
-2X

Sunday

2X-2M

—

2X~2%
2X-2X
2X^-2%

2X-2H
2X-2X
2X-2X
2X-2X

2X-2X
2X-2X
2X-2X
2X-2X

CALL LOANS ON THE NEW YORK STOCK EXCHANGE.

March 1932.

Low

High

Renewal

1

2X

2

2X

2X
2X

3

2X
2X
2X
2X
Satur day

2X
2X
2X
2X

March 1932

2X
2X

8....

2X
2X
2X

9

2X
2X
2X

2X
2X

2X
2X
2X

There

2X
2X

2X

31

2X

2X
2X
2X

2X
2X
2X

2X

2X

Holi day
Satur day
Sun day

2X

2X

2X

2X

29.
30..

2X2X

2X
2X

2X
2X
2X

2X

Renewal

2X

2X
2X

2X

2X

High

Satur day
Sun day

2X

Satur day
Sun day

Low

2X
2X

Sun day

6

7....

2X

2X

2X
2X

2X
2X
2X

2X

—

.

2X

changes during the month in the rediscount
the Federal Reserve banks.
When the
Bank of England made the second reduction of the month
in its discount rate on March 17, this time to 3^%, there
rates

were

of

3@3X

3@3X

3@3X

3®3X
3®3X
3@3X

3®3X

3@3X

3@3X

2X

2X

2X®3 2%@3.
2H@3 2%@3
2X©3 2%®3
2X@3 2H @3
2X®3 2% @3
2X®3 2%@3

.

.

1

THE

RETURNS

THE

OF

FEDERAL

RESERVE AND MEMBER

were no

any

of

expectations that the New York Federal Reserve Bank




The feature
March

was

of

the

Federal

the diminished

Reserve

statements

during

borrowing of the member banks,

represented by the discount holdings of the 12 Reserve
institutions, with a concurrent reduction in the holdings of
acceptances (dealers finding no occasion for recourse to the
facilities of the Reserve banks) and the huge increase in
the holdings of United States Government securities, the
Reserve authorities having adopted the plan of adding to
their holdings of Government securities as their discount
holdings and acceptance holdings were reduced; this with a
view to keeping the volume of Reserve credit outstanding
pretty nearly the same as before.
Between Feb. 17 and
March 30 the discount holdings fell from $845,781,000 to
$633,255,000, and the acceptance holdings from $146,382,000
to $66,362,000.
During the same period the holdings of
United States Government securities ran up from $741,342,000 to $871,618,000.
The increase in these holdings of Government securities
extended to all the different heads, though the greater part
of it occurred in the holdings of certificates and bills, the
amount of which rose from $347,818,000 Feb. 24 to $459,554,000 March 30, while the holdings of Treasury notes rose
from $73,497,000 Feb. 24 to $84,397,000 March 30; and
the holdings of United States bonds from $319,241,000
Feb. 24 to $327,667,000 March 30.
In addition, there
appeared in the return for March 16 an item of special
Treasury certificates for $32,000,000, these being one-day's
certificates issued to the Federal Reserve banks to coyer
advances by the latter to the United States Treasury pending
the collection of the Federal income taxes due March'15,
as

but which usually do not reach the Treasury until a day or
two later.
The item, of course, appeared in only this one

March 16.
The New York Federal
that on March 15 $634,000,000 of
Treasury certificates of indebtedness became due and
payable, but inasmuch as nearly $500,000,000 were tendered
to the Reserve banks in exchange for the new certificates
issued, the excess of Treasury disbursements over receipts
on March
15 was unusually small for the first day of a
Treasury tax period.
As a result, the Treasury found it
necessary to issue to the Reserve banks a special one-day
certificate of indebtedness for only $53,000,000 in order to
that is,

on

Reserve Bank points out

CaU Loans

5....

3@3X

3X®3 H 3X@3X 3X@3X 3X@3X 3H@3X
3%®4
4@4X 3%®4
4@4X
4@4X

Good 4 to 6 m onths

return;

PRIME BANKERS ACCEPTANCES.

4

2X

3@3X
3@3X

Commercial paper:

reduced activity in the

which amounts to more than

classes alone amounts to $463,000,000, or

28-

2X

2X

Thirty days
Sixty days

first, the extraordinary

$150,000,000 for the
12 months, and second, the practical cessation, since July 1931, of dollar
acceptance financing in Europe.
The total reduction of bills of these two

Mar,

indus¬

trial collateral)

BANKS—BROKERS' LOANS.

bankers' acceptance business in the past year are

In

April 2

Week's average (mixed and In¬

$6,000,000.

drop in

5 March 12 March 19 March 26

Stock Exchange—

position for that day. Most of the excess of net
redemptions of maturing certificates and interest pay¬
ments over income tax collections on the 15th, and cash
balance its

cash

payments for new certificate issues occurred, it is stated, in
New York and was added to the Reserve accounts of the
York
City banks.
Consequently, participations
totaling $33,500,000 in the special one-day certificate issued
to the Reserve Bank were sold to the New York banks to

New

provide employment for part of the temporary excess of
The participation of the New York City banks was
reduced on the succeeding day, and was finally retired on
the 17th concurrent with reductions in the special certificate
of indebtedness, which were effected through income tax
collections and a withdrawal of funds from Government

funds.

depositaries.
Notwithstanding the large addition to the holdings of
Government securities, the total of the bill and security
holdings (an item which reflects the volume of Reserve
credit outstanding) fell from $1,763,500,000 Feb. 17* to
$1,578,146,000 March 30.
In, the absence of any con¬
siderable amount of gold exports except from earmarked
stock, the Reserve institutions were also able to enlarge
their gold reserves again.
These increased from $2,938,974,000 March 2 to $3,107,757,000 March 30.
The volume
of Reserve notes in circulation was concurrently reduced,
falling from $2,638,488,000 March 2 (and $2,664,003,000
Feb. 3) to $2,546,275,000 March 30.
As a result the ratio
of total reserves to
deposits and Federal Reserve note
liabilities combined rose from 68.0% Feb. 24 and 68.1%
March 2 to 70.9% March 30.
While the Reserve banks
suffered a decline in their own holdings of acceptances (the
amount having fallen, as already stated, from $146,382,000
Feb. 17 to $66,362,000 on March 30) their holdings for
account of foreign central banks, after having fallen from
$319,294,000 Feb. 10 to $311,640,000 March 2, increased
thereafter and were up to $335,425,000 on March 30.
The
deposits of foreign banks with the 12 Reserve institutions,
^

MONTHLY

14

the large previous shrinkage, showed further con¬
traction, dropping from $16,392,000 March 2 to $10,874,000
March 23, but then moved up again to $31,249,000 March 30.

EEYIEW
The

after

Brokers

York

of the reporting member banks in New
showed unimportant changes during March.

loans

City

continued very small, and after increasing
March 2 to $561,000,000 March 16, it
$524,000,000 March 23, and was $525,000,000 March

steady influx of gold from Indian hoards to London

continued and played an important part in restoring the posi¬
tion of sterling, as by the sale of this gold to the Continent
the Bank of

England was enabled to acquire large balances
discharge the credits due to the Federal Re¬
banks and the Bank of France and private banks and

with which to

The aggregate

serve

from $495,000,000

bankers in this

fell to

of

The New York Stock Exchange monthly figures showed

30.

borrowings by Stock Exchange members March 31 as $533,103,059, which compared with $524,663,758 Feb. 29; $512,017,942 Jan. 31; $587,159,813 Dec. 31; $730,151,908 Nov.
30, and $1,354,067,350 as recently as Aug. 31 1931.
COURSE OF STERLING
,

EXCHANGE DURING MARCH.

The feature in the market for foreign exchange during
March was the sharp rise in bills on London.
On Monday
March 1 the price of cable transfers on London ranged
between $3.48% and $3.48%; on March 31 the range was
from $3.76% to $3.82%, showing an advance of almost
34 cents in the pound sterling.
This followed as the result
of multiplying evidences going to show steady and very
March 2, British affairs.
e-eat improvement in Neville Chamberlain, the House of
In Chancellor of
ommons

on

the

Exchequer, confirmed a report current earlier in the
week that the British Treasury on Friday, March 4 would
pay $150,000,000 of the $200,000,000 credit supplied by 110
banks and bankers in this country to the British Treasury,
the latter part of August 1931.
Mr. Chamberlain also stated
that the credit obtained at the

France

had

been

same

time from the Bank of

told

the

House

of

Commons

that

the restrictions

on

the

purchase of foreign exchange which were imposed last
September at the time of Great Britain's flight from the
pound would be withdrawn the same evening (March 2).
The restrictions on dealings in exchange had been designed
to prevent speculative sales of sterling by British nationals
and the flight of capital from England.
Actually newspaper
accounts said these restrictions
,

'

were never

enforced because

the British public took the suspension of the gold

standard

calmly and made no general attempt to convert its money
from sterling into other currency.
Towards the end of the
month, or on March 28,/
there came announcement of
further repayments of the credits previously obtained.
On
the day named the British Treasury notified participating
banks that it would pay off $30,000,000 of the $50,000,000
credit still remaining unpaid of the $200,000,000 total credit
obtained the previous August.
Similar repayment, the
New York "Times" stated, was to be made of the remain¬
ing $20,000,000 due on April 5, though in both cases the
credit line would be kept open.
As further evidence of
.improvement the Bank of England, which on Feb. 18 had
reduced its rate of discount from 6% to 5%, on March 10,
reduced further to 4% and on March 17 lowered its rate
still further to 3%%.
As a result of the rapid convalescence of Great Britain,
made manifest in so many different ways, there was a re¬
markable return of confidence in the London market through¬
out the world.
A steady inflow of funds to the London
market occurred, especially from European centers.
The
flow from Switzerland and Amsterdam

London

for

investment in

exceptionally heavy so that Dutch guilders and
Swiss francs were at one time during the month quoted at
the lowest rates prevailing since the German crisis of last
June and the London crisis of September.
Previously, since
June and especially since September, Swiss and Dutch
bankers, like almost all depositors and investors in London,
had been making strenuous efforts to sell British pounds.
In] addition the Bank of France, as well as French private
banks and investors are believed to have been heavy buyers
of sterling, thereby further strengthening rates on London.
In ordinary circumstances seasonal factors serve to help
sterling at this time of the year, and until towards the end of
the following August. But while these factors doubtless were
present, apparently the predominating influence in the re¬
covery in the price of sterling was the quick return of con¬
fidence on the part of international bankers in the British
financial position. On this side of the ocean, also, orders to
buy sterling came pouring in to bankers and foreign exchange
traders and it would seem that the rate was prevented from
sky rocketing even further, only through persistent selling by
was

official

sources

market

the metal.

was

in London.

Traders stated that the future

stronger even than the spot market and stronger
the premium seemed to indicate.
On March 31, one month

sterling was quoted at a premium of % to one cent above
spot, while 90 day sterling was quoted at a premium of 2% @
3c., plainly indicating a belief that notwithstanding the big
advance already achieved still further advances were deemed
likely. The extent of the demand for sterling and of the flow
of funds to London was illustrated by the downward trend of
money rates in the open market in London. On March 31,
open market discounts for short bills were down to 2 @ 2% %
and for three months bills to 2 3-16 @ 2 % % which, compared
with 3% @4%%, the rate for short bills on Feb. 29 and 4%
@ 5%% the rate at the close of January, and with 3% @
4%% for three months bills on Feb. 29 and 5 @ 5%% at the
end of January.




A dispatch from

Bagdad to the "Wall Street
the rush of
lure of the
premium now obtainable. Gold coin, rings, bangles and other
ornaments kept steadily streaming into the bullion brokers of
Bagdad where they were melted down into crude bars for ex¬
port and then sent by airplane to London for refining. It was
also stated that the Bagdad broker covered himself by for¬
ward sales of francs or other gold currency while the gold was

Journal" stated that the Arabs of Iraq had joined
hoarders giving up their gold in response to the

in transit.

It

was

estimated that India had sent to London

approximately £45,000,000 of hoarded gold up to the end of
March. In addition, English private hoarders also continued
to sell their gold ornaments and hoarded gold coins to the
London bullion dealers.

Nevertheless the British authorities

continued to act with considerable caution and

on

March 11

the British House of Commons

passed without a division on
second reading the bill extending for another year the emer¬
gency act of last September suspending the price fixing
provision of the gold standard act. The original period of
suspension expired on March 21.
There

reduced

roughly from £20,000,000 to
£7,000,000.
The £20,000,000 remaining section of the
French credit, he stated, was represented by bills that could
not be paid off until next August.
At the same time he

country and in France. Other Eastern hoards

gold in the form either of coin or of treasure joined the
movement begun in India last autumn to dispose of the metal
for the sake of the high premium that could be obtained for

were

some

wide

and

sudden fluctuations

in

the

sterling rate on London during the month, the Bank of
England apparently at times stepping in to prevent too
rapid a rise, but the trend remained strongly upward through¬
out, and this followed from the fact that sterling was in
great demand at all centers as a result of the complete
restoration of confidence in the British financial position.
This growth of confidence also led to considerable specula¬
tive trading in exchange to get the benefit of the further
advance in the rate that appeared assuredly in prospect.
As already stated, the gold arriving from India was resold
in London and shipped to Paris for French and other Con¬
tinental accounts.

Therefore there

the movement in

was

little

or no

reflection

the Bank of

England
only slight changes from week to week.
In
its statement for the week ending March 9 the Bank of Eng¬
land showed a gain in bullion of £2,681; in the week ending
March 16, a gain of £5,661; in the week ending March 23,
a loss of £51,164, and in the week
ending March 30, a gain
of £21,878.
Canadian exchange continued to rule at a heavy discount,
though the discount continued to diminish as the month
progressed, the same as in the preceding month, but not
in the same pronounced way.
The Canadian dollar was
quoted at a discount of 9% @10% on March 31, as against
11%@11%% discount on March 1.
The Order in Council
of last October prohibiting the exportation of gold from
Canada except under license expired March 1 without much
comment.
The Montreal "Gazette," in adverting to that
fact in its issue of March 7, remarked that technically
Canada was once more on a free gold basis, but actually
the situation remained unchanged, as the discount of more
than 10% on the Canadian dollar was bearing witness.
In the Canadian market there was some mystification, it
was observed,
as to why the Order in Council was ever
resorted to.
Before it went into effect Canada had long
since given up the free export of gold, effective means being
found in one way or another to prevent advantage being
taken of the discount in the exchange.
Now that the Order
had expired the Finance Ministry continued to exercise
surveillance over gold movements and no exports could be
made except upon express permission—so said this Canadian
paper.
At the Port of New York $7,000,000 of gold was
received from the Dominion of Canada during the month
of

the returns of

which showed

of March.

Gold exports from the United States during March were
a
greatly diminished scale, and in fact consisted mainly
gold previously earmarked for that purpose, and these
exports were to a large extent offset by imports, while in
addition a large amount of gold previously under earmark
was released, so that
altogether the result was a considerable
addition to the country's stock of the metal.
The New York
Federal Reserve Bank summarized the gold movement in
and out of the country as follows:
"During March there was a steady increase in this coun¬
try's gold stock, and by the close of the month the total was
approximately $36,000,000 higher than at the end of Febru¬
ary.
Exports, which were composed almost entirely of gold
which previously had been earmarked, ceased by the 15th
of the month; these exports in the first half of the month
totaled $43,900,000, of which $37,500,000 was shipped to
France and $6,300,000 to Belgium, leaving less than $100,000
of gold shipped to other countries.
Gold imports at New
York amounted to $13,500,000, of which $7,000,000 came
from Canada, $2,700,000 from Argentina, $2,500,000 from
Mexico and $1,000,000 from Brazil; and at San Francisco
$2,900,000 was received from China and $700,000 from
Australia.
In addition to these imports, there was a net
decrease of $58,300,000 in the total of gold held under ear¬
mark for foreign account, including both the amount released

on

of

MONTHLY
for export and other net releases the

employed in this
THE

market."

CONTINENTAL AND

proceeds of which were

more

OTHER

particularly in Europe,
was

month.

FOREIGN EXCHANGES.

were a

feature of the

mbnth.

in continuation of the same movement the previous
We have already referred to the action of the Bank

•of

England which on Feb. 18 had marked its discount rate
down from 6% to
5% now making two further reductions
during March—the first on March 10,° in cutting the rate

from

5% to 4%, and the second

on

March 17 in making a

further cut to 3%%.
The Bank of Norway and the Bank
of Sweden which had on Feb. 19 reduced their
rate, on March
2 further lowered their rates to

5%.

The Bank of Lithuania

March 1 reduced from
8%% to 7%% and the Bank of
same day reduced from
6% to 5%%. The Rou¬
manian National Bank on March 3 reduced from 8% to 7%.

•on

Chile the

In

Germany the Reichsbank

on

March 8 lowered its discount

rate from
7% to 6% and its Lombard rate, or rate for
collateral loans, from
8% to 7%. On March 11 the Danish
National Bank marked its rate down from 6% to 5% and
the Bank of
Japan from 6.57% to 5.84% effective on

March 12.
On March 18 the National Bank of Austria
reduced from 8% to 7%, the
8% rate having been in effect
since Dec. 11 1931. The Bank of
Italy on March 21 lowered
its rate from
7% to 6%,
since Sept. 28 1931.

Exchange
•

on

the 7% rate having been in effect

of

many

London

the

a

lower German rate would have

no

ill consequences.

large vote polled by President von Hindenburg in the
German elections on Sunday, March 13, strengthened the
mark as well as the other Continental
exchanges, though
Von
Hindenburg did not succeed in obtaining an absolute
majority of the votes cast, therefore necessitating a run-off
election, which is to take place on Sunday, April 10.
His re¬
election obviously will mean the continuation for the time
being at least, of the Bruening Government and a strict
financial program.
of the month that

Continental countries

were

developing strength and this

Rumors
a

were

moratorium

current the latter part
dollar bonds would be

on

declared, but the German Government officially denied that
any change was contemplated in the transfer of interest on
foreign loans.

The Kreuger & Toll collapse
cussion in the suspension on March 23 of the

had its

reper¬

Indqstrie und

Privat Bank, which was owned
by the extensive Michael
interests. The suspension was attributed to a frozen con¬
dition of Berlin real estate and a

drop in the prices of seeuricapitalized at 110,000,000 marks.
Difficulty in prolonging loans from the Kreuger interests
was
regarded as having brought about the bank's troubles.
The bank itself was looked
upon as a relatively minor insti¬
tution, but its position was taken as indicating the condition
of the parent Michael concern of
large real estate dealers.

ties%

The bank

was

Associated Press advices from Berlin March 30 stated
that the Boerse Committee had decided to resume official
quotations on the Berlin Stock Exchange on April 12.
The

Boerse

closed during the financial crisis of last summer.
re-opened Feb. 25 1932 for restricted trading after
having been closed five months. Brokers, however, were
prohibited from posting official prices, and the only change
It

lower the early
part of March at a time when the rate of

-sterling

felt that

15

<

The

;

Reduction in the discount rates of numerous central banks,
indicative of the general improvement in foreign affairs,
This

REVIEW

was

was

ascribed to the transfer of balances from the Continental

that they were permitted to use the Boerse for their
operations.
The New York Federal Reserve Bank an¬

centers to

nounced

on

the pound

was

was

London, induced by the revival of confidence in
sterling, as related in detail above in our dis¬

cussion of the sterling
exchange market. The latter part of
the month however rates on most of the Continental centers
moved upward again, more than

recovering the early losses.

French francs moved in a
very erratic way and reports had
it that the Bank of France at times undertook to control the
of

course

exchange and then again would relax its control;
also at times by its
operations played an important part in
affecting the course of sterling rates. The Bank of France
continued to dispose of its
foreign exchange holdings in all
centers, including New York, but there appeared to be no
longer a flight of French private banking and invested capital
from either New York or
London, but on the contrary a
flow of French private funds to London
developed. Further
large shipments of gold from New York to Paris occurred,
but these consisted, as
already stated, almost entirely of
gold which had been previously earmarked. These exports
occurred entirely in the first half of the month and the
amount
totaled $43,900,000, of which $37,500,000 was
shipped to France and $6,300,000 to Belgium, leaving less
than $100,000 of
gold shipped to other countries.
The

French

entirely its

own

franc

most

and this

of

the

time

followed

a

course

attributed to

operations by the
New York exchange on Paris, as
already
stated, moved erratically with some rather sharp fluctuations.
Cable transfers on Paris, after
selling at 3.94 March 2, were
down to 3.91% March
8, but within two days were back to
3.94% March 10, only to dip to 3.91 15-16 March 24 with a
quick recovery to 3.94% March 28 and with the range on
March 31 3.92% @ 3.94 3-16.
The gold export point was
figured by bankers as being about 3.9462-85 and it appeared
as if whenever the franc
closely approached the gold point
the Bank of France intervened,
being apparently opposed to
withdrawals of gold from either New York or London
by its
nationals on an exchange basis.
The earmarked stock was
of course unaffected
by the rate of exchange.
Dispatches
was

Bank of France.

from

Paris the latter part of the month said the Bank
of
was believed now to have
terminated entirely, the

France

liquidation of its own sterling balances and had ceased con¬
verting dollar balances into gold.
Some Paris bankers
expressed the view that the Bank would avoid
drawing
further amounts of gold from New York but
argued that it
was quite
beyond its power to prevent hoarded British gold
or Indian
gold coming upon the London open market from
moving on to Paris. In its statement for the week ending

March 4 the Bank of France
reported an increase in gold
holdings of 678,455,409 francs, in the week ended March 11
an increase of
419,535 867 francs, in the week ended March 18
an increase of
351,353,134 francs, in the week ended March 25
an increase of
322,881,413 francs, but in the week ended
April 1 a decrease of 45,000,000 francs.
Rates for German exchange continued
largely nominal
owing to the regulations imposed upon dealings by the Ger¬
man
Government, but nevertheless the course of the German
mark

was

much like the

of rates on the other
European
evidencing some weakness the early part of the
month, then showing recovery and finally shading off
again.
course

centers,
Cable

transfers

on

Berlin

March

31

were

23.78 @23.82,

against 23.79 @23.82 March 1.
As noted further
above,
the Bank of Germany on March 8 reduced its
discount rate
from 7% to 6% and its Lombard rate from
8% to 7%.
The
Reichsbank considered the reduction in its
discount rate

as

anjexperiment, designed to help German trade.
The low
reserve of foreign
exchange and the relatively small stock
of gold held had made an earlier reduction
inadvisable, but
after the reductions in




the London and other rates it

was

was

on March 4 that in
conjunction with other Federal
Reserve banks it had renewed for three months its
portion

of

the

was

$100,000,000

made at the

Reichsbank

credit.

Announcement

time that the Reichsbank had

repaid
10% of the $25,000,000 due in this country, the extension
for three months
applying on the remaining $22,500,000.

Newspaper
had

on

same

accounts

March 4 stated that the Reichsbank

that

day provided the $10,000,000 due to be repaid
its $100,000,000 international central bank credit in the

on

form of New York

exchange at the Federal Reserve Bank,

which had participated to the extent of $25,000,000 in the
credit arranged with it, the Bank of

England, the Bank of

France and the Bank for International Settlements.
The

Bank

of Germany for the first
quarter of March >
reported 48,489,000 marks decrease in gold and 3,147,000
marks further loss in the second
quarter, with 229,000 marks
increase in the third quarter and 1,562,000 marks increase
in the final quarter, in which latter
period there was the usual
large expansion in note circulation, always noted in the
closing quarter of the month, the increase this time being
225,177,000 marks.
This was after 89,420,000 contraction
in note circulation the first
quarter, 65,745,000 marks con¬
traction in the second
quarter and 107,255,000 marks con¬

traction in the third quarter.
Italian exchange held

pretty steady,

though it took

a

downward dip the middle of the month, following the news
of the

Kreuger & Toll disaster, which had a disorganizing
being in the case of nearly all the European
exchanges. Cable transfers on Italy were at their high for
the month at 5.20 on March 8 and touched 5.17% on
March 17, with the range on March 31 5.17%@5.18%,
against the range on March 1 of 5.18%@5.19%.
Prepara¬
tions were evidently under
way for bringing out a new domes¬
tic loan in the early future and in authoritative Italian
effect for the time

circles it

ceived
at

was

stated that the Italian Government had

assurance

home for

an

that full

issue

of

re¬

subscriptions would be received
1,000,000,000 lire 5% nine-year

Treasury bonds to be offered in order to refund 915,000,000
lire Treasury bonds maturing Nov. 15.
It was pointed out
that the whole Italian policy had been directed toward
making Italy independent of foreign markets for govern¬
mental needs, with the result that Italy has only one Govern¬
ment loan abroad, namely, the $100,000,000 stabilization
loan.
In commenting on this policy last year Antonio;,
Mosconi, Minister of Finance, stated: "We decided not to
depend upon any foreign loan, convinced as we were that
we would be able to
depend fully on the Italian investor,
and that especially under the present circumstances Italy
could and should carry on her own."
The same policy, it
noted, had been continued since, and in banking quarters
said that the fact that Italy had not been dependent
upon foreign capital, either short or long term, to any great
extent, had been of material assistance in maintaining the
was

it

was

level of the lire in recent

periods.

Associated Press accounts from Sofia, Bulgaria, March 29,
stated that Premier Mouchanoff had that night announced
that Bulgaria had declared a 50% moratorium on her ex¬
terior debt for six months.
The Premier said the rest of the
fund usually devoted to payment of the debt would be used
to balance the budget.
The reduction in payment, it was
stated, totaled 91,000,000 levas ($655,000) monthly.
Bul¬
garia, it was stated, would try to reach an accord with her
bondholders during the six months' moratorium.
In exchange on the countries neutral
during the war, the
noteworthy event of course was the Kreuger & Toll collapse,

which for the time

being exercised

the financial markets.

disturbing effect on
regarding this grave dis-

a very

The details
■

'

•

■"

A

'

EEYIEW

MONTHLY

16
set out in the

aster have been

it must suffice here to say

suffered

a

sharp break on

guilders on cable transfers as against 40.29^ @ 40.35K on
March 2 sold down to 40.123^ @ 40.16 March 8, then ad¬
vanced to 40.35 @ 40.39 March 15, dropped back to 40.223^

earlier portion of this article and
that all the Scandinavian units

Monday March 14, following the

death by suicide of Ivar Kreuger, head
of the world wide Kreuger & Toll interests. Prior to this the
Scandinavian currencies had fluctuated widely, though with
the trend strongly upward on the steady improvement in ex¬

announcement of the

change rates on London, in harmony with which the Scan¬
dinavian units usually move.
The death of Kreuger was
concealed until after the close of all the markets on Saturday
March 12.
Cable transfers on Sweden had sold up from

19.25 March 2 to 19.95 @ 20.60 March 8, and was
quoted at 20.21 on Saturday March 12, on Monday March 14
the Swedish crown sold down to 19.53. The Swedish Stock
19.23 @

Exchange closed on that day as a precautionary measure.
Following the announcement on Wednesday, March 16, that
the Stockholm Exchange would reopen the following Monday,

quick recovery ensued, and by
above 20.00. On March 28, on

March 19 the rate was again

the continued advance in the

sterling rate, the Swedish crown

touched a high of 20.95 with

March 31 20.30 @ 20.50.
Exchange on the other Scandinavian countries followed a
closely similar course; their trend was upward along with the
sterling rate, except when the Kreuger disaster led to a sharp
break on March 14. The Danish crown for instance on cable
transfers, after having moved up from 19.183^ @ 19.22 on
March 2 to 19.85 @ 20.60 on March 8, and on Saturday,
March 12, sold at 20.12, dropped to 19.85 on Monday, March
14. It soon resumed its upward course again, however, in¬
fluenced by the rise in sterling, and on March 29 reached a
high for the month of 21.10; the range March 31 was 20.81 @
21.00. The Norwegian crown on cable transfers after moving
up from 18.89 @ 18.93 March 1 to 19.65 @ 20.40 March 8,
was quoted at 19.74^ @ 19.81 the day of Kreuger's suicide
but sold down to 19.64 on Monday, March 14, and touched
19.38 on March 23 but with the renewed advance in sterling
the range on

sold up to 20.41 @ 20.85 on March 28
March 31 19.95 @ 20.15.
The Swiss and Dutch units were weak

and with tihe range
the early part of the

month, owing to the heavily increased flow of funds from the
Swiss and Dutch centers to the London market, but the latter

losses and were carried up¬
along with the further upward swing in the pound
sterling, but with some shading off at the close. Dutch
part of the month regained their
ward

RATES OF EXCHANGE

@40.25lA March 22, but were 40.401/2@40.46 March 28
ranged on March 31 at 40.35 @40.39 3^.
Cable trans¬
fers on Switzerland declined from 19.3734@19.39 March 2
to 19.30@19.31 March 8, recovered to 19.38@19.42 March
10, and moved irregularly up and down thereafter, touch¬
and

ing a low of 19.273^ March 21 and a high of 19.45 March 28,
with the close March 31 19.35@19.423^.
The Spanish

continued its downward course, though the decline
of the month was occasionally interrupted
by the continued rise in the sterling rate.
The high point
for cable transfers on Spain was 7.693^ March 1 and the
low point 7.53 March 22 and March 23, with the range
peseta

the latter part

March 31

7.543^@7.57.

Exchange rates on South

America showed no changes of

quotations being largely nominal anyway and
with trading practically at a standstill.
The Argentine
Government arranged to pay off on April 1 $1,000,000 of the
$10,000,000 short term notes due on that date and to renew
the remaining $9,000,000 for nine months and it was stated
that the arrangement contemplated a similar payment of
$1,000,000 on July 1 in connection with the maturity on
that date of the remaining $10,000,000 of short term notes.
The notes were all held by banks.
On March 31 the Argen¬
tine Government prohibited sales of all foreign currency
drafts and explained, so said Associated Press advices from
Buenos Aires, that the measure was taken to prevent
speculators from obtaining exchange for private sales higher
than the official rates of 3.88 pesos per dollar.
The Asso¬
ciated Press further said that the limit on foreign exchange
purchases which had been 1,000 pesos daily since Govern¬
ment control was imposed, several months before, had been
reduced during the week to 200 pesos ($50).
Cable advices
from La Paz (Bolivia), March 18 to the United States stated
that the Central Bank of Bolivia that afternoon had issued a
statement confirming the new arrangement arrived at with
exporters and importers for fixing the rate of exchange on
London and New York.
The statement referred to the
brusque alteration in the rate between New York and
London on March 7 and its effect on the Bolivian rate as an
instance of the necessity of artificially fixing the rate for the
Bolivian peso.
Chambers of Commerce in several cities, it

consequence,

ON CONTINENTAL CENTRES.

Amsterdam

Antwerp

Greek

Swiss

Italian

Paris

Guilders

Belga

Drachma

Francs

Lire

Franca

Cables

Cables

Checks

Cables

Checks

40.25a40.28
1 3.93%o.93»ig 3.9334a .931*18 19.3534ol9.37 19.36al9.37 34 40.21a40.25
40.29 34a .3534
2 3.93%a3.93% 3.93%a3.94
19.36%a.3834 19.37 34 019.39 40,28a40.34
40.23a40.28 34 .27a40.30
3 3.93%a3.93% 3.93%a3.93% 19.33ol9.3434 19.33%al9.35
19.32019.32% 40.20a40.2234 40.23o40.24
4 3.93*iea3.93»i« 3.937i6o3.93% 19.31al9.32
40.18o40.20
40.15a40.19
5 3.93
a8.937i* 3.93 34a3.9334 19.2934a.3034 19.30al9.31

,17%a.l9%
.18%a5.19
.18%a.l8%
.1806.18%
18%a.l8%

13.9134a.9234 13.92al3.93
13.92al3.9234 13.92%al3.93
13.92al3.9434 13.92%al3.95
13.9134al3.94 13.92al3.94%
13.91013.9334 13.91 %al3.94

3.93%a .93»H 3.93%a3.94*i« 19.3834a.3934
15 3.93%a.93»*1» 3.93%a3.94% 19.3534o.3834
16 3.93»na.93'*i8 3.93%O3.9434 19.34ol 9.35 34
19.33 34 ol9.36
17 3.93%a3.93% 3.93%a3.94
18 3.93 %a .93"i8 3.93%a .93i«i 19.3334a.34 34
19 3.93 34 a3.93% 3.93%a3.9334 19.32%a19.34

I8a5.19%

40.35a40.39

19.34 34al9.36 40.31a40.35
19.34al9.3634 40.29a40.34

40.35a40.39

40.33a40.36

25

3.91%a3.92% 3.92

a3.9234

16%a.l8%; 5.17%a.l8% 1.28%al .29
1 J28%ol.29
17a5.17% 5.17%a5.18
17a5.17% 5.17%o.l8% 1.28%al .29
17%a.l7%i 5.17%a5.18 1.28%al.29
28%al .29
17%o.l7% 5.17%a5.18

19.28m.2934 19.29al9.3034 40.2034a40.25 40.23%a40.26 13.93ol3.93% 13.93%a13.94
40.22a40.25
40.24%a40.26 13.92%a.93% 13.93al3.94
19.30al9.31

19.293Hft9.30

26 3.92«i«a .93% 3.93*1603.9334 19.34 34a.3734 19.35al9.38
SUN DAY
27
SUN DAY

40.34a40.37

3.93%a3.94% 19.39ol9.44 34 19.40al9.45

40.40a40.43

40.36a40.38

18a5.19%

13.94%a.96% 13.95al3.97

5.18%a.l9% 1.28%ol .29

1.28%al.29
28%al .29
1.28%al.29
1.28%al.29
1.28%al.29
1.28%al.29

SUN DAY

SUN DAY

SUN DAY

SUN DAY

1.28%ol.29
1.28%al.29
1.28%al.2§
1.28%al.29
1.28%al.29
1.28%ol.29

SUN DAY

SUN DAY

SUN DAY
SUN DAY
SUN DAY
SUN DAY
40.24a40.28 34 13.93al3.96% 13.93%al3.97
21 3.92*1803.92% 3.9234a3.93% 19.27ol9.3034 19.2734ol9.31 40.21040.25
40.19a40.24
40.2234a.2534 13.91 %al3.96 13.92fll3.96%
19.29al9.31
22 3.92*1803.9234 3.9234o .92»i8 19.28flfg.3034
40.24o40.28
13.92%a.94% 13.93al3.95
40.21a40.25
23 3.92
o3.9234 3.9234o3.92% 19.23H.3034 19.30al9.31
20

24 3.91 "i8a .92*u 3.91»*i8a.92%

5.18%a.l8% 1.28%al .29
.29
.29
.29
.29
.29

5.18%a.l8% 1.28%al
1.28%al
.1806.18% 5.18%a5.19
,16%a.l7% 5.17%a.l8% 1.28%al
1.28%ol
17a5.17% 5.17%a5.18
,17a5.18%
6.17%a.l8% 1.28%al

40.33o40.33 34 13.95al3.98
13.95%a.98%
19.33J4ol9.35 40.26a40.32
13.9334a.97% 13.94al3.98
19.33 34019.35 40.28a40.3034 40.31a40.33

1.28%al .29
1.28%ol.29
1.28%al.29
1.28%ol.29
1.28%al .29
1.28%al .29

SUN DAY

SUN DAY

.1805.18%

13.9534a.9734 13.96al3.98

19.36al9.39

5.19a5.20

,18o5.18%

13.95al3.9634 13.95%al3.97
13.9434ol3.96 13.95al3.96%

1.28%al.29
1.28%ol.29
1.28%al .29
1.28%al .29
1.28%al.29

SUN DAY

lJ28%al .29
lJ!6%al.29
,18%a.l8% 5.18%a.l9% 1.28%al^9
1.28%al .29
,18%a.l8% 5.18%a5.19
1.28%al .29
,17%a.l8% 5.18%a5.19
,18%a.l8% 5.18%a5.19 1.28%al .29

18%a.l8% 5.l9a6.19%

14

40.33a40.38

5.18%a.l9% 1.28%al.29
1.28%al .29
5.19a5.19%
5.18%a6.19 1.28%al .29
5.18%a.l9% 1.28%al .29
1.28%ol .29
5.19a5.19%

SUN DAY

SUN DAY
SUN DAY
SUN DAY
SUN DAY
13.90al3.93
13.91al3.93%
40.16a40.19
7 3.92%a3.93*i« 3.92%a3.9334 19.2934o.30% 19.30al9.3l34 40.1234O40.18
40.1234a40.16 13.90ol3.9234 13.91aI3.93
40.10a40.15
8 3.91%a3.92*u 3.91 %a3.92*18 19.29 34 a.30 34 19.30al9.31
40.17%a40.22 13.8934a.9134 13.90al3.92
40.16o40.20
9 3.92%a3.92% 3.92%a .921*1# 19.3134a.3534 19.32al9.36
13.90 34a.92 34 13.91al3.93
40.27040.33
40.25a40.32
10 3.93%o3.93% 3.93 34 a3.94 34 19.37al9.4134 19.38ol9.42
40.28040.31
13.9134a.9434 13.92al3.95
19.38ol9.4034 19.3834 al9.41 40.24o40.29
11 3.93*1 «a .93l5u 3.93 34 a3.94
13.95al3.9634 13.96al3.97
40.29040.31
19.38al9.40
19.3834a.4034 40.27a40.30
12 3.93 34 o3.93% 3.95%a3.94
SUN DAY
SUN DAY
SUN DAY
13
SUN DAY
40.32 %a40.35 13.9534al3.98 13.96013.98%
40.30a40.34
19.39al9.40
6

Cables

Checks

Cables

Checks

Cables

Checks

Bankers'

Bankers'

Bankers'

Bankers'

Bankers'

Bankers'
Checks

40.4034o40.46 13.96al3.97% 13.96%al3.98

18a5.18%

40.37a40.44 34 13.95%a.98% 13.96al3.99
29 3.93%a3.94% 3.93*1803.94% 19.39ol9.4034 19.3934al9.41 40.33a40.41
40.3234a40.37 40.35a40.3934 13.93%a.95% 13.94al3.96
30 3.92%a3.937i8 3.92%o3.9334 19.3634a;3834 19.37al9.39
40.35a40.39 J4 13.94%al3.97 13.95al3.97%
19.35al9.4234 40.32a40.38
31
3.92%a3.943,8ll9.3434al9.42

18a5.18%

1.28%al .29
1.28%0O9

17%o.l8% 5.17%a.l8% 1.28%al .29

1.28%al.29
1.28%al.29

28 3.9234a .94»i8

5.18%a.l8% 1.28%ol.29
1.28%al.29
5.18%a5.19
17%a.l8% 5.18%o5.19 lJ28%ol.29

3.92%a3.9434

Spanish

Denmark

Sweden

Norway

Berlin

Vienna

Kronor

Kroner

Reichsmarks

Schilling

Peseta

Kroner

Bankers'

Bankers'

Bankers'

Bankers'

Bankers'

Bankers'
Checks

Cables

Checks

Cables

2 19.18

019.22 19.19%al9.23 19.23%al9.26 19.24
019.24 19.23
019.21 19.18%al9.22 19.22

1 19.19

3 19.20

al9.26 19.21

4 19.27

019.35 19.28

5 19.31

019.34 19.32

6

Checks

019.27 18.88

Cables

ol8.92 18.89

Checks

Cables

Checks

018.93 23.78a23.80 23.79a23.82 13.95

018.93 18.89%al8.94 23.77a23.80 23.79a23.82 13.95
019.25 18.89
23.78
23.79a23.80 13.95
O19.05
019.28 18.93%c19.04 18.94
ol9.27 19.22 %al9.27 19.23
019.15 23.72a23.78 23.73a23.80 13.95
019.14 19.08
019.33 19.29 %ol9.34 19.07
ol9.36 19.29
ol9.16 19.15%al9.17 23.75a23.76 23.76a23.78 13.95
019.35 19.32%al9.36 19.15
al9.35 19.32
SUN DAY

SUN DAY

SUN DAY

019.29 19.27

SUN DAY

Cables

Checks

Cables

07.68% 7.67%a7.89%
7.67%a7.69
ol4.15 13.95%al4.16 7.66%a7.68
07.68%
ol4.15 13.95%al4.16 7.63%a7.67% 7.64
ol4.15 13.95%al4.16 7.67

015.15

C14.15

13.95%al4.16 7.62
13.95%a14.16 7.64

o7.65

7.63

07.65% 7.65

fl7.66
o 7.66

SUN DAY

SUN DAY

O19.30 23.74a23.76 23.75o23.78 13.95

014.15 13.95 %al4.16 7.64

07.65

7.65

07.65%

7 19.44

019.45 19.45

019.45 19.44

al9.46 19.26

O20.60 19.94

O20.59 19.95

O20.60 19.64

O20.39 19.65

a20.40 23.71023.76 23.74a23.78 13.96

al4.15 13.97

O20.40 20.34

O20.51 20.35

020.52 20.17

O20.26 20.18

020.27 23.76a23.79 23.78a23.81 13.96

al4.15 13.97

07.65

020.39 20.35

7.63

9 20.34

014.16 7.64%o7.67
a7.64
014.16 7.62

a 7.68

O20.59 19.85

7.65

8 19.84

020.32 19.74

O20.09 19.75

a20.10 23.78a23.83 23.79%a.85 13.96

a7.64

a7.65

O20.29 20.00

014.16 7.63

7.64

10 19.99

a 14.15

O20.18 20.07

020.19 20.08

020.20 19.73

al9.87 19.74

019.88 23.77a23.78 23.78a23.80 13.96

ol4.15 13.97

ol4.16 7.63%a7.65

a7.66

O20.17 20.01

7.64

11 20.00

o20.ll 20.04

O20.12 20.09

020.20 20.10

020.21 19.74

O19.80 19.74%al9.81 23.77a23.78 23.78a23.80 13.96
SUN DAY
SUN DAY

014.15 13.97

ol4.16 7.64

07.65

7.65

07.66

12 20.03

13

O20.30 20.04

019.99 19.85

15 19.93

019.99 19.93

16 19.94

O20.01 19.95

17 19.89

019.96 19.90

18 19.89 %0l9.99 19.90
19 20.01
O20.13 20.02

O20.31 20.05

SUN DAY

SUN DAY

14 19.84

20

019.46 19.43

O20.00 19.52 %019.75 19.53

019.76 19.63

al9.89 19.66%al9.90 19.62
O20.02 19.89019.97% 19.90al9.98% 19.64
019.95 19.54
al9.94 19.84
al9.97 19.83
019.94 19.85%al9.95 19.49
O20.00 19.85

%o20.00 19.66

O20.15 19.95

C20.03 19.96

|a20.05

19.52

SUN DAY

019.58 23.76a23.78 23.76 %a.80 13.97

O19.50 23.75023.77 23.76a23.79 13.94
019.41 23.74a23.80 23.76a23.82 13.97

O20.00 19.90

O20.15 19.65

al9.79 19.66

a20.01 19.53
O19.80 19.44

O20.09 20.03

O20.10 19.60

019.72 19.61

al9.73

24 20.29

O20.54 20.30

O20.55 19.89

O20.09 19.80

25 20.36

O20.54 20.36 %o20.55 19.96 %a20.09 19.97
020.79 20.50
O20.80 20.26
O20.39 20.27

O20.10 19.59

ol9.84 19.60

O20.10 19.69

019.79 19.70

019.85 23.76%a.79 23.78 %a.81 13.97
O19.80 23.76a23.78 23.78a23.80 13.96

O20.40 20.06

O20.24 20.06%a20.25 23.78a23.83 23.79%a.85 13.94
SUN DAY
SUN DAY

SUN DAY

SUN DAY

23.77%a.81 13.96

019.49 19.45

20.05%a20.15 19.89

O20.14 20.02

23 20.02

26 20.49

23.79%a.80

019.55 19.49 %al9.56 23.77a23,79 23.79a23.80 13.96
019.58 19.52%al9.60 23.76o23.79
al9.57 19.54

O20.14

22 20.01

27

C7.65
014.16 7.63%fl7.64% 7.64
014.15 13.96
019.76 23.78a23.80 23.79%a.82 13.95
7.6307.64%
a7.64
O19.70 23.78a23.80 23.80a23.82 13.96%al4.15 13.97%al4.16 7.61
ol9.69 19.63
fl7.63
07.62% 7.59
al4.16 7.58
al4.15 13.97
019.69 19.64%al9.70 23.78a23.82 23.80a23.85 13.96
O7.60
7.54
o7.59
al4.16 7.52
al4.15 13.97
13.96
019.65 23.78a23.79
ol9.64 19.55

19.37%al9.40 19.38

21 20.05

29 20.79

021.24 20.86 %a20.25 20.68
O21.09 20.80
a21.10 20.09

O20.29 20.03

O20.85 23.81a23.83 23.81 %a.85 13.94
O20.30 23.74a23.80 23.76a23.82 13.94

30 20.49

O20.89 20.50

a20.90 20.02

O20.39 20.03

O20.40 19.78

O20.09 19.79

O20.10 23.75a23.80 23.77a23.82 13.94

31 20.80

O20.99 20.81

O21.00 20.29

O20.49 20.30

O20.50 19.94

O20.14 19.95

a20.15 23.77a23.80 23.78a23.82 13.94

28 20.86




O20.94 20.68%a20.95 20.40
O20.40 20.02
O20.39 20.10

SUN DAY

SUN DAY

al9.75 19.64

SUN DAY

SUN DAY

SUN DAY

13.97

O20.84 20.41

al4.15 13.97

al4.16 7.54%a7.55% 7.55

o7.56%

C7.57
7.54
a7.56
SUN DAY
07.56
7.54
014.16 7.53%a7.55
014.15 13.98
o7.54%
07.53% 7.53
014.15 13.94%al4.16 7.52
a7.54%
7.53
014.15 13.97%al4.16 7.52%o7.54
014.15 13.97

014.16 7.53

SUN DAY

al4.15

13.97%al4.16 7.53

07.54% 7.53%a7.55

014.16 7.53

07.53% 7.53%a7.54
7.57
a7.59
o7.58

al4.15 13.97

al4.15 13.94%al4.16 7.56
SUN DAY

13.94%al4.16
014.15 13.94%al4.16
al4.15 13.94%al4.16
014.15 13.94%al4.16
C14.15

SUN DAY

7.55%a7.69% 5.56
7.55%a7.69% 7.56
7.55%a7.67
7.54

o7.56

7.56

a760

1

a 7.60%

a5.58

7.54%a7.57

MONTHLY

17

REVIEW

was

available steamer.

the rate of

began to dispose of their hoarded gold coins and ornaments
for the same reason.
The price of silver in London March 31
was
only 17 % pence per ounce against 19% pence on March 1.

stated, had agreed to the proposal of the tin miners that
exchange be fixed at 15 Bolivianos per pound
sterling which would make the dollar rate 4.12 bolivianos.
On March 21 the

Department of Commerce at Washington
supplementing the existing exchange control
regulations, the Colombian Government found it necessary
recently to restrict further the placing of foreign exchange at
the disposal of Colombian importers, according to the
Commerce Department's Finance and Investment Division.
The Department said:

Natives of other Far East countries also

announced that

The

coco to to to to to to to to to Mhhhhhh

H>0<©00
I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

'o b>
Oi MOW

•*j^j'<jbsbsbs

I

I

I

I

t
I

I

on

Cn Cn if* if>» if*

OS OS OS OS OS ©1

(8MMOOOtS

M O 00 00 00

xxxxxx

xxxxx

n n n n n
OS 08 OS OS OS OS

xx

OS OS OS OS OS

n

n

bt

bs

os

bs

OS

if.

n n

n

bt If*

H*

.

XXXXX

OS OS OS OS OS 08

OS OS OS OS OS 08

08 08 OS OS OS OS

os os os os os

OS OS OS OS OS OS
OS M H* to to to

Oi 07 OS Oi C7 Ot

Ot Ot if. 45. if*
HI ©CO 00 00

XX

XXXXXX

XXXXXX

XX

n n n n n
OS OS OS OS OS OS

n

WOO OS OS OS OS

n n n n n n
os os os os os os

n

os os os os

ooMOooo
to 001-OS

-4
OS OS OS
00 OH*(0-4.OS

as os os os os os
ot os to to os os

xxxxxx

xxxxxx

OS OS OS OS

OS OS OS OS OS 08

OS 08 OS OS 08 09

OS H* OS **4

OS OS OS OS OS
4. CO CO OS OS 4.

OS OS OS OS OS OS
OS M HI HI tS to

4* CO 00 If. OS If.

X
n n n

n

case

xxxx
n n n n

H.

00 00
00 HI OS

X

<i

bs '-a bs bs

OS OS 0808
rr.

"4 OS OS 06 OS a
Nf OS HI M to

rfs

XXX

XX

n

08 OS OS 08 08

XX

COCO 09 OS OS OS

OS OS 08 CO OS CO

Ol Cn 01 Oi 07 07

(w (O CO
CD CO O O

_

Cn Ot Ot OS Ot 4.

Cn if* if* if*

I—4

O CO 00 00

o

XX

3

CO CO OS OS OS

t*
o

^ ^

if*

~

UScOCOQOOi»4COCgOO-4 07

gxx

Oi CJi

"X

xxxgxx

bo

I^^bsbsbsbsbs

OS OS OS OS OS OS

HI M

XsXXXX

XXXX

08 OS OS OS OS OS

CO OS OS OS OS OS

^lOSNf-4
4. CO 4. Ot

X

X

OS OS OS OS OS OS
Oi Ot Ot OS Ot 4.

•4 OS OS OS OS OS

X

n n n
08 08 08

XXXX

§

OS OS OS OS OS

if* £,

ift, if* lft>

-4 OS 4.

if.

ssX

OS

c

n n n n n n
OS OS OS OS OS OS

n n n » n n
OS OS 08 08 08 OS

n n n n n o
os os os os os os

C7 07 Or 03 07 07

07 07 C7 07 07 rf*

bS

n n n n »
OS os os os os

•*< OS 05 OS OS OS
4.-4 CO HI HI 08

n n n n
08 OS OS 08

f?
S,

eS'«S

Oi

00^,

XXX

X

a
«-

V-J

00 CO <14. OS 00

OOSOSHHH

XXX

OtOO O O

\^\M\M\C8 V-»
od\iKwsoo\ta\

XXX
OS OS OS 08

§

b&

^05 05 05 05^01^4.4. 4. If. If.
OS OS

bo

000 CO HI k* ot 00 co to to 4. KCCHOOHH

value and the market value.
Checks on Yokohama for
Japanese yen after declining from 32.87 @33.13 March 1
to 31.00 @ 31.08 March 8, developed an upward trend there¬
after and touched 33.52@33.75 March 30, with the range
March 31 33.02@33.13.
The Hong-Kong dollar and the
Shanghai tael moved lower on account of the decline of
the price of silver. 'Checks on Hong-Kong declined from
25.41 @25 15-16 March 1 to 24.09@24.70 March 22, with
the range March 31 24.53@25 1-16.
The tael on Shanghai
for checks after dropping from 34.10@34.88 March 1 to
32.06@32.63 March 22 was 32.81 @33.38 March 31. Rupees
on
Bombay for checks moved higher, influenced by the
advance in sterling exchange.
The range March 31 was
28.30@28.94 against 26.13 @26.45 March 1. Indian natives
continued to sell their gold hoardings of centuries in order to
take advantage of the high rupee premium on gold.
The
metal was shipped from Bombay to London by every

fel

bt

2n n n n n n i_jn n
uosososcocoosOcoco

<1 <j

p
1

5s

n n n n

XXXXXX

n

n n n n 2n n n n n n qnn n nn n
08 00 08 08 UCO CO OS OS OS CO U 08 08 OS 08 OS 08

the

0

O CO 00 00 00

HMHOOOtS

xxxx

gxxxxxx Sxxxx

XXX

M

bt If* if. If. *4.

OS OS OS OS OS (si

Oi Oi Oi
^ CO ICO to to K)

.

H

X

n n n n n
OS OS OS OS OS OS

X

OS 08 CO OS OS OS

$8*

o CO CO oo

XXX

07 07

os

X

52 to

Hi

QQ

o
*1

'OS OS OS 08 OS

08 OS OS OS OS 09

XX

$
2&

& o<

bt bt if. if. if.

XXXX

X

I

XX

n n n n
os os os os os

SOJOW"*!©*
OIOOMOSOS
■

n n n n n n
os os os os os os

M CO H* 4. If. Ot

XX

tPMHOOOW

X

X

n n n n n n
OS OS OS OS OS OS

bo ^4

X

par

RATES OF EXCHANGE

XXX

os os os os

To this is added one-tenth of the difference between mint

s

©CO CO 00

4*, if^

OS OS OS OS 05

of the countries on a silver basis because of a sharp
drop in the price of silver, but was firm in the case of the
Japanese yen and the other currencies.
Dispatches from
Tokio stated that the Bank of Japan had resumed purchases
of gold, paying prices approximating current exchange.
The
gold must be in bullion, be .990 fine and bear the mark of the
mint.
The prices were calculated by taking the average of
cable quotations for the preceding week and making it the
basis for the following week.
This is called "market value."

I

n

Cn

001—' OS OS

-I

XXXXXX

XXXX

OS to «4 00

the Far East weakened considerably, in the

88

0808 0808 08

xxxx

Exchange

s

I
I
I
I
I
I
I
I
I
I'll'''1'

I

I

08 080808 08 08

08 OS OS OS OS OS
Ol OS to to 08 OS

XXXX

OS OS OS OS

I

I

an OS n n OS
OS n OS OS n

00 © 1-1*^08

xxx

I

I

xxx

n n n n n n
08 08 00 08 08 08

00 <100 00
to 00 t-08

I

I

98 98 OS OS 08 OS
08 H» l-i to 19 tO

i£

\M\M

ao\MSoo\

08 08 08
anno

restrictions

I

I

0808 08 0808 08

00 08 OS 38

•ft CO M rffc 08
\0»\£lW

XXXX

I

I

08 08 08 08 08 08

apply to obligations pertaining to imports made
before the establishment of the Exchange Control Commission on Sept. 25
1931, it was stated.
Henceforth Colombian purchasers of foreign exchange to cover payments
of debts originating in imports of merchandise made prior to Sept. 24 1931
will be authorized by the Government only for periodic
quotas of not
greater than 20% of each debt.
Moreover, the new provisions require
that within 30 days following the date of the decree (March 7) interested
parties must present to the Control Office a statement of such debts, duly
attested by supporting documents.
new

I

I

MtaHOOOOSOlCntfkWNi-'

cn tt>. oa to i-» OcOOOMOJCntf*

till
I

1^. if. *4. if. If.

xxxxx

tO O CO O O O

II

<1^1 Ot 4. 4.

XX

xxxxx

OS OS OS CO

OS OS OS OS OS OS

OS OS OS CO OS OS

CO OS CO 08 09 OS

"4 -4 *4 <4

*4 OS OS OS OS OS

bs

05 OS Oi 05 Ot Ot

1^4.4.4.4.

91 to 91 as

to <1 >4 to to to

OOOO OS 000

CO 00 OS 9t 9t

XXXX

XXXXXX

XXXXX

x«x

XXXX

XX

XXX

XX

91 bt bs Os os
ococoooo

XX

XXX

OS CO CO 08 CO

00\ Iv \ oo\ oo\ x\

n n n n n n
co os co os os os

n n n n n n
os co co co os co

n n n n n
CO CO CO 08 OS

bs bsbs

07 07 07 07 C7 07

as a os® «4 ot

OS 00® CO toot

n n n n
OS OS OS OS

COMOMHH

HtSOS coo 1—

4. 4. If. If. If.
CO 00 -4 OS OS

n n

n n

n n

os co os co os os

•4

XXX

.5

bs

«4

X»X

XXXXXX

X

xxxxx

bp

fia!J

xxxxx

CO CO CO CO

CO CO CO CO OS CO

CO CO CO CO CO CO

CO CO CO CO CO CO

CO CO CO coos

<I<i*-jbo

"4 05 OS OS OS OS
CS CO CO CO CO 4.

OS OS OS OS OS OS

CO Cn <1 O

4. H* H. H« ti to

OSOSOSOS<I9t
to OS 9t 00 HI to

©«©00*4-4

XXXX

XXXXX

ON OTHER

XX

X

X

&

XXX

51
s

914.4.4.4.

a

xxxxx

•!

CENTRES.

Czecho¬

Canada

slovakia

Bucharest

Polish

Dollar

Kroner

Lei

ll%all%%
ll%all%%
ll%all%%
11
alO%%
10%al0%%

—

3-

—

4
5

6.

.

Serbia

Bulgaria

Finnish

Pengo

Dinar

Lei

Markka

7

10

10
11

12
13

Checks

Checks

Checks

Cables

Checks

.590.60

ll.18all.25

17.40al7.55

.590.60

ll.18all.25

17.40al7.55

1.78%al,79
1.78%al.79

.71a.73

.590.60

ll.18all.25

17.40al7.55

1.7801.79

.710.73

.590.60

11.18oll.25

17.40al7.55

1.78al.79

,71a.73

1.52%al.60 25.44a25.70 25.50a25.75
1.54%al.60 25.44a25.70 25.50a25.75
1.54
al.60 25.19a25.70 25.25a25.75
1.55
al.60 25.19a25.70 25.25a25.75

.590.60

ll.18all.25

17.40al7.55

1.78al.79

,71a.73

1.55

al.60 25.19a25.70 25.25a25.75

1.55

al.60

14

17

18
19

Checks
Cables
5.95a6.33 6.Q0O6.38
5.95a6.33 6.00a6.38
5.9506.33 6.00a6.38

5.95a6.33 6.00a6.38
5.95a6.33 6.00a6.38

.590.60

ll.18all.25

17.40al7.55

1.7801.79

.71a.73

2.96%o2.96%

.590.60

11.18011.25

17.40al7.55

1.7801.79

.71a.73

1.56

.590.60

11.18all.25

17.40al7.55

1.78al.79

.71a.73

1.55 Hal.60

.59a.60%

ll.18all.25

1.78al.79

.71a.73

.590.60

ll.18all.25

17.40al7.55

1.78al.79

.71a.73

1.57

.59% a.60

ll.18all.25

17.40al7.55

1.78al.79

.71a.73

1.57

25.19a25.70 25.25a25.75 5.95a6.33 6.00a6.38
25.19a25.70 25.25a25.75 5.9506.33 6.00a6.38
25.19a25.70 25.25a25.75 5.95a6.33 6.00a6.38
al.60 25.19a25.70 25.25a25.75 5.95a6.33 6.00a6.38
al.60 25.19a25.70 25.25a25.75 5.95a6.33 6.00a6.38
al.60 25.19a25.70 25.25a25.75 5.95a6.38 6.00a6.38

al.65

17.40al7.55

1.56

al.60

SUNDAY

10%ol0%% disct.
10%al0%% disct.
10% % discount
Ilal0,lj6% disct.
llolO%% discount
10%% discount

2.96%o2.96%
2.96% 02.96%
2.96%a2.96%
2.96%a2.96%
2.96%a2.96%

10%al0*ts discount
10%al0%% disct.
10%al0%% disct.
10%al0%% disct.
10%al0%% disct.
10,i6a916x8% disct.

•

Cables

2.96%a2.96%
2.96%a2.96%
2.96%a2.96%
disct. 2.96%a2.96%

2.96%a2.96%
2.96%o2.96%
2.96%a2.96%
2.96%a2.96%
2.96%a2.96%
2.96%a2.96%

.59% a.60
•59%a.60
.59% a.60
.59% a. 60
.59% a.60

10a9%% discount
10%a9»u% disct.
9%a 9%% disct.
10a 9% % discount

•

15

.710.73

2.96%o2.96%

disct.
disct.
disct.
disct.
disct.

-•

16---——

Checks

Checks

Milreis

SUNDAY

9%a 9%%
a 9%%
10%al0%%
10%al0%%
10%al0%%
10%ol0%%

....

9

Brazil

Peso

Checks

disct.
disct.
disct.
disct.
disct.

--

8.

Argentina

2.96%a2.96%
2.96%o2.96%
2.96%a2.96%
2.96%a2.96%
2.96%a2.96%

Checks
1
2

Hungary

Zloly

March

2.96%o2.96%
2.96%o2.96%
2.96%a2.96%
2.96% a2.96%

.59

.59%a.60
.59%a.60
.59% a. 60
.59%a.60
.59%a.60
.59% a.60

ll.17all.25

17.40al7.55

.71a.73

1.58

ll.18all.25

17.40al7.55

1.78al.79

.71a.73

ll.16all.25

17.40al7.55

I.78al.79

•71%a.73 :

17.40al7.55

1.57%al.65
1.59 £1al.65
1.59% al.65
1.59% al.65
1.59%al .65

ll.16all.25

1.78al.79

25.19a25.70 25.25a25.75 5.95a6.33 6.00a6.38
25.19a25.70 25.25a25.75 5.95a6.33 6.00a6.38
25.19a25.70 25.25a25.75 5.95a6.33 6.00a6.38
25.19a25.70 25.25a25.75 5.95a6.33 6.00a6.38
25.19a25.70 25.25a25.75 5.95a6.33 6.00a6.38
25.19a25.70 25.25a25.75 5.95a6.33 6.00O6.38

ll.16all.25

17.40al7.55

ll.16all.25

17.40al7.55

1.77%al.79 .71%a.73
1.77%al.79 .71%a.73
.72a.73
1.77%ol.79

ll.16all.25

17.40al7.55

1.77fll.79

ll.16all.25

17.40al7.55

ll.18all.25

17.40al7.55

ll.16all.25

17.40al7.55

11.15%a.25

17.40al7.55

.71%a.73
1.76%al.79 .71 %a.73
1.76%ol.79 .71%a.73
1.77%ol.79 .71%a.73
1.76%al.79 .71%a.73

.59%a.60

ll.16ali.25

17.40al7.55

1.77%®1 *79 .71%a.73

.59%a.60
.59%a.60
.59%a.60

ll.16all.25

17.40al7.55

1.77

17.40al7.55

1.77

al.79 ,71%a.73
al.79 .71%a.73

1.59%al.68 25.19a25.70 25.25a25.75 5.95a6.33 6.00a6.38

ll.16all.25
ll.17all.25

17.40al7.55

l.77%al.79 .71%a.73

ll.18all.25

17.40al7.55

1.77

1.59%al .67 25.19a25.70 25.25a25.75 5.95a6.33 6.00a6.38
1.59%al .65 25.19a25.70 25.25a25.75 5.95o6.45 6.00a6.50

2.96%a2.96%

20

SUNDAY

21

-

22
23
24
25--26

1.59% al.65 25.19a25.70 25.25a25.75 5.95a6.33 G.00a6.38
1.59% al.65 25.19a25.70 25.25a25.75 5.95a6.33 600a6.38

1.59%al.65
1.59%al .65
1.59%al.65
1.59%al .67

25.19a24.70 25.25a25.75 5.9506.33 6.00a6.38
25.19a25.70 25.25a25.75 5.95a6.33 6.00O6.38
25.19a25.70 25.25a25.75 5.95a6.33 6.00*6.38
25.19a25.70 25.25a25.75 5.9506.33 6.00O6.38

SUNDAY

27

28
29
30
31

Ecua¬

Bolivia

a.60

Vene¬

Portu¬

al.79 .71%a.73

1.59%al.65 25.19a25.70 25.25a25.75 5.95a6.33 6.00a6.38

Singa¬

Yoko¬

Bolivi¬

Colombia

dor

Uruguay

zuela

Chile

Peru

gal

Hong
Kong

Shanghai

hama

Manila

pore

Bombay

Java

ano

Dollar

Sucre

Peso

Bolivar

Peso

Sol

Escudo

Dollar

Tael

Yen

Peso

Dollar

Rupee

Guilders

Checks

Checks

Checks

Checks

Checks

Checks

Checks

Checks.

Checks

Checks

Checks

Checks

Checks

Checks

1

16.00

95.24a96.50

20.00

12.05al2%

27.80a28.00 3.14

16.00

95.24a96.50

20.00

46.25a27.50
46.25a27.50

15.50

2

15.50

12.05a 12%

a3

3

27.80a28.00 3.15
27.80a28.00 3.18
27.80a28.00 3.16

a3,

Checks

16.00

95.24a96.50

20.00

46.25a27.50

15.50

4

16.00

95.24a96.50

20.00

4fs.25a47.50

15.50

12.05al2%
12.05al2%

5

16.00

95.24a96.50

20.00

46 25a47.50

15.50

12.05al2%

6

27.80a28.00

a3
a3,

3.20

16.00

95.24a96.50

20.00

46.25a47.50

15.50

8

16.00

95.24a96.50

20.00

46.25a47.50

15.50

9

16.00

95.24a96.50

20.00

46.25a47.50

15.50

12.05al2%
12.05al2%
12.05al2%

10

16.00

95.24a96.50

20.00

46.25a47.50

15.50

12.05a 12%

11

16.00

95.24a96.50

20.00

47.25a47.50

15.50

12

16.00

95.24a96.50

20.00

46.25a47.50

15.50

12.05al2%
12.05al2%

13

27.75a28.00 3.16

a3

27.80a28.00 3.21
27.75a28.00 3.32

03

27.75a28.00 3.33
27.75a28.00 3.30
27.75a28.00 3.24

a3

40.12a41.25 26.25a26.50 40.15o40.50

a3

25.12a25»i6 33.46a34.13 31.35a31.50 49.60a49% 40.37a41.38 26.54a26.70 40.05a40.50
25.14a257io 33.36a34.38 31.00a31.08 49.60a49% 41.00a42.60 27.46a28.20 40.05o40.50
24.95a257i6 32.93a34.38 31.10%a.75 49.60a49% 41.87o43 % 27.88a28% 40.05o40.60
25.04a257i6 33.10a34.38 31.53a32% 49.60a49% 41.37a42 % 27.60a28.00 40.05o40.50

a3

24.68a35«i« 32.78a34»i« 31.45a31.75 49.60a49%
24.82a25ixs 33.00a33.63 31.35a31.75 49% a49%

a3

a3

41.50a42.75 29.29a28.00 40.05o40.50
41.50a42.75 27.15a27.70 40.10o40.50

SUN DAY

14

16.00

95.24a96.50

20.00

46.25a47.50

15.50

12.05a 12%

27.75a28.00 3.26

15

16.00

95.24a96.00

20.00

46.25a47.50

15.50

16.00

95.24a96.00

20.00

46.25a47.50

15.50

12.05al2%
12.05al2%

27.75a28.00 3.28

16

16.00

95.24a96.00

20.00

46.25a47.50

15.50

12.05al2%

a3,
27.75a28.00 338
a3
27.75a28.00 3.28%03

18

16.00

95.24a96.00

20.00

46.25a47.50

15.50

19

16.00

95.24a96.00

20.00

46.25a47.50

15.50

12.05al2%
12.05al2%

27.75a28.00 3.29
27.75a28.00 3.29

20

03
a3

24.83a255ie 32.88a33.63 31.49a31.88 49% a49%

41.43o43.12 27.33027.63 40.10o40.50

24.75a25»u 32.84a33.38 51.78a32.81 49% fl49%
24.53a25^6 32.79a33.38 32.00a32.31 49% a49%
24.40o24»«i6 32.45a33.38 31.94a32.25 49% a49%

,002 7.28o27.63 40.10o40.50
41.50a43.<
41.50a42.75 27.29o27.63 40.10o40.60
41.50a42.75 27.22o27.63 40.10o40.50

24.34a24.85 32.60a33.13 31.89032.25 49% 049%

41.43a42.75 27.15o27.63 40.15o40.50
2432024% 32.56a33.13 31.79a32.25 49% a49% 41.50042.75 27.16027.63 40.15o40.50

SUN DAY

16.00

95.24a96.00

20.00

46.25a27.50

15.50

22

16.00

95.24a96.00

20.00

46.25a27.50

15.50

23

16.00

95.24a96.00

20.00

46.25a27.55

15.50

24

16.00

95.24a96.00

20.00

46.25a27.55

15.50

25

16.00

95.24a96.00

20.00

46.25a47.55

15.50

26

21

25.10a25»xe 33.27a34.13 32.44a32.50 49.60a49%

SUN DAY

7

17

25.41a25»«i« 34.10a34.88 32.87a33.13 49.60a49% 39.87a41.00 26.13026.45 40.15o40.50
a33.00 49.60a49% 39 «7a41.00 26.13a26.45 40.15o40.50
25.03a25% 33.15a34.13 32.65a32.81 49.60a49% 39.93a4l.12 26.13a26.45 40.15o40.50
25.08a25% 33.24a34.13 32.48a32.75 49.60a49% 40.12a41.25 26.25a26.45 40.15o40.50
25.22a25»i6 33.54a34.38 32%

16.00

95.24a96.00

20.00

46.25a47.55

15.50

28

16.00

95.24a96.00

20.00

46.25a27.50

15.50

29

16.00

95.24a96.00

20.00

46.25a47.60

16.25

30

13.00

95.24a96.00

20 DO

46.25a47.60

16.25

31

16.00

95.24a96.00

20.00

46.25a47.50

16.25

12.05al2% 27.75a28.00 3.30
a3
12.10al2% 27.75a28.00 3.30
a3
12.10al2% 27.75a28.00 3.30
a3
12.10al2% 27.75a28.00 3.34
a3
12.05al2% 27.75a28.00 3.30
a3
12.05al2% 27.75a28.00 3.36%a3

27

24.17o24.70 32.26a32.88 31.95a32.06 49% a49%
24.09a24.70 32.06a32.63 31.97a32.38 49% 049%
24.12a24.56 32% 033.44 32.09a32.38 49% 049%

41.62a43.12 27.35027.70 40.l5o40.50
41.49042.76 27.32027.63 40.15o40.50

32.75a33.13 49% 049%
33.07033.31 49% a49%

41.50a45.00 28.46028.95 40.25o40.50

33.52a33.75 49% 049%

42.50a45.00 28.15o28.88 40.20o40.50
43.00a44.50 28.30o28.94 40.20o40.50

41.56042% 27.27o27.63 40.15o40.50
24.32%a.85 32.28a32.88 32.37a32.75 49% a49% 41.75o43.00 27*16 027.94 40.15040.50
24.27o24.85 32.20a32.88 32.52a33.00 49% 049% 4l.00a42% 27*16 027.94 40.15o40.50
24.45o24.85 32.43a32.88 32.60a33.00 49% 049% 42% a43% 28.07o28.44 40.15o40.50

SUN DAY




12.05al2%
12.05al2%
12D5al2%
12.05al2%

a3 .55 24.52a25.15 32.41a33.38
27.75a28.00 3.36 %a3 ,50 24.65a25.30 32.95a33.63
27.75a28.00 3.33 %a3 .47 24.53a253u 32.40a33D8
27.75a28.00 3.39
a3 .4824 53a251i« 32.81033.38

27.75a28.00 3.40

I

33 02o33.13 49% a49%

43.00a44% 28.40o29.00 40.25o40.50

New York Stock

e

MONTHLY AND YEARLY RECORD

N

Ml

RANGE OF BOND PRICES

.$250,900,700

$242,665,000

764,520,950

688,356,500

Jan, 1 to March 31-—
The tables

on

—Shares 33,031,499

March

65,658,034

99,110,149

172,343,252

Jan. 1 to March 31

19 to 41 furnish a complete reoord of the

pages

1931.

1932.

Stock Sales.

1931.

1932.

Bond Sales.
March

DURING MARCH 1932.

-

transactions on the New 12ork Stock Exohauge during

extended introduction, as they are self-explanatory.
The tables
embrace every security dealt in on the Exchange.
We give bonds first, using the classification adopted ii^ the official list*
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 adopted by the New York Stock Exchange in 1909, all quotations for interest-paying bonds
March

are

at

a

and

They need

since Jan. 1.

range

no

The exceptions to the rule are income bonds and bonds on which
6s, for special reasons, are also quoted "fiat,"
the quotation "flat" will be found against the name of the issue. This method of quoting bonds

price to which accrued interest must be added.

A few other bonds, like the Holland-American Line

Interest is in default.

but where this is the case
became effective

Jan. 2 1909.

For footnotes to

Sales in

tables

see

last

page

of bonds and last page of stocks.

N.

Y.

1932-1947

First 3 *s

Registered

1932-1947

Flnt 4a

Registered

3,412~666

First 4

1932-1947

-

Registered

25,000

1933-1938

Fourth

4*e
Registered

1,000

Lowest.

Highest.

Sale Prices.

Sale Prices.

Sale Prices.

2 100*1 Mar. 31

9910jiMar."l5 l66»iiMar.

1947-1952

2,807,000 Treasury 4*4s
Registered
9,000
4,403,000 Treasury 4s
Registered
9,000
3,709,000 Treasury 3*8

1944-1954
1946-1956
1943-1947

Treasury 3*s

Registered

4,926"666

1951-1955

Treasury 3s
Registered

2,0197666

Treasury

4,408^000

June

3*
Registered

26 100*3, Mar. 31
9 6 283,Jan.
6
14
24 100*83,Mar. 23

96«s, Feb.

9928i,Mar.

2 10021„Mar. 11

97"»,Jan.

25 1002*„Mar.

9920,,Mar.

1 lOO2®,,Mar. 23

97«i,Jan.

20 1002«„Mar.

H
23

15

1940-43

1941 1943

Treasury 3V£s

988i, Jan.

12 101

10030„Mar. 23

98™»,Jan.

23 100»o„Mar.

102*<„Mar.

1032°3»Mar. 10
102",, Mar.
1
101 ®8, Mar.
9

98*°»,Jan.

12 1 03 203»Mar.

100*1, Jan.

26 102203,Mar.

100

101

Mar.

102 20«Mar.
99

s8iMar.

1946-1949

94

Jan.

11

23
10
1
101 «„ Mar.
9
992,3»Feb. 29
982« Mar. 13

99*®j,Mar.

9918i,Mar.

4

99*83,Mar

96*23,Mar.

982i» Mar. 12

89*6i,Jan.

9

87»„Jan.

12

95«»,Mar.

88»„ Mar. 28

90'°3,Mar. 11

82*i, Jan.

12

91

2

968», Mar. 10

93*81,Mar.

94*i, Mar.

3

95*2,,Mar.

'87"«Jan?"l2

94<j,~Mar.~28

96b, Mar.

9

88*1, Jan.

1

94*»3,Mar.

1

94*»,,Mar.

94i»„Mar.

Registered
1,000
4,853,000 Treasury 3*8

Mar. 22

Mar. 22

a99*8j,Mar.

Registered

2;477"666

23

94*», Jan.

95*3, Jan.

97soi,Mar.

1932-1947

First Second 4*s
Fourth Liberty Loan-

11,256,000

Highest.

Sale Prices.

U S GOVERNMENT

537000

Lowest.

STOCK EXCHANGE.

First Liberty Loan—

7,454,000

RANGE SINCE JAN. 1.

PRICES IN MARCH.

BONDS

March.
Value.

90

Mar. 28

92**i,Mar. 14

83

1

1

9

Feb""l9

96«a, Mar.

10

9623« Mar.

9
1

94*83,Mar.

92**3,Mar. 14

Jan.

11

Jan.

4

33

Jan.

Jan.

8

33

Jan.

Registered
STATE AND CITY SECURITIES
New York City—3 *s

No*. 1954

1955
1936

3*s
4s

registered

4s

1955

registered

1957 M N
May 1957
No* 1957
4% Corporate stock_.__.____..1958
4% Corporate stock
1959
4*8
I960
4*s Corporate Btock
1963
4*8 Corporate stock
1965
New York State 4*s____________1963
4% Corporate stock
4*% Corporate stock
4*8 Corporate stock

FOREIGN GOVT. & MUNICIPAL'S

105 ,000'Agric Mtge Bank a f 6s
56 000|
Sinking fund 4> A
50 000 Akershus (Dept) extl 5s

1947
Apr 15 1948
1963

46 000 Antloquia (Dept of) Col Is A

1945

35 ,000
15 000

External

s

f 7s

ser

B

1945

External

s

f 7s

«er

C

1945

22 ,000
35 000

External s t 7» ser D

1945

Ext

sec s

1957

f 7s

2d aeries trustr ecta
1957
55 000
Ext! sec « f 7s 3d series
1957
15 000
1958
169 000 Antwerp (City) extl loan 6s
120 000 Argentine Govt public works 6s_1960

471 000 Argentine Nation (Govt) • f 6a-.1959
Extl a i g 6a of Oct 1925
1959
257 000
Sinking fund gold 6a ser A
1957
303 000
289 000

External 1st

208, 000

Extl

423 000
356 000
275 000
291 000

50 000

1,416 000
650 000

s

f 6s ser B

f 6s of May
s

1926

f 6a (State

Ry)
(Sanitary Works)

External loan 5s of 1927

External g 4** of 1928
728 000
379 000 Austrian Govt s f 7s

142 000

1958

_1960
1966
Extl s * 6s
1961
Public Works ext a f g 6s..May 1961
Public Works ext a f 5*a
1962
Argentine (Rep) 5a of 1909
1945
Australia 5« of 1925
July 15 1955
a

External

Internationa]

s

f 7s

1957

...1956
1943
1957

217 000 Bavaria (Free State) ext!6*s
1945
448 000 Belgium 25 year external 6*e.._1949
r

Cash sale,




a

Deferred delivery.

Mar.

Mar.

Mar.
Mar.

Mar.

62* Mar.

Mar.

Mar.

i Jan.
8
;
Mar. 30

Mar.

Mar.

Mar. 28

16* Jan.
15* Jan.

Mar.

Mar.

Mar.

Mar. 31

15

Jan.

Mar.

Mar.

Mar. 26

15

Jan.

Mar.

Mar.

12

Jan.

Mar.

Mar.

Mar. 23
Mar. 23

14

Jan.

27
28
5

8
22
6
6
13
18
19

Mar.

Mar.

Mar. 22

14

Jan.

Mar.

Mar.

Jan.

27

Mar.

5

75
66

Mar. 23

Mar

Jan.

Mar.

Mar.

Jan.

67* Mar. 12

Mar.

Mar.

Jan.

67

Mar.

Mar.

Jan.

68

Mar. 11

Mar.

Mar.

Jan.

67

Mar. 11

Mar.

Mar.

Jan.

67

Mar. 11

Mar.

Mar.

Jan.

68

Mar. 12

Mar.

Mar.

Jan.

67* Mar. 12

Mar.

Mar.

Jan.

67

Mar.

Mar.

Jan.

59* Mar. 11

Mar.

Mar.

Jan.

67

Mar.

Mar.

26
Feb.
1

Mar.

Mar.

Feb.

1

61* Mar.
61* Mar.

4
3

Mar.

Mar.

Feb.

1

56

Mar.

3

Mar.

Mar.

Jan.

5

98

Mar. 24

Mar.

Mar.

Jan.

4

55

Mar. 29

Mar.

Mar.

Jan.

6

47

Feb.

Mar.

Mar.

Jan.

2

95

Feb.

Mar. 11

Mar. 11

Mar. 11
Mar. 12

24
27

N. Y. STOCK
Sales in

Price

BONDS

March.

Value.

n.

y. stock

a

Bid.
j

f 7a.._.............195S

Stabilization loan 7a

Bergen (Norway) ext

Ask.

Ask

Sale

86
98

Sale

78
78

76
Sale

504
98
504 75
234 Sale

Sale

Sale

22

Sale

Sale

10

Sale

174
84 Sale
54
7

S

84

Sale

')

f g 64? of 1926
f 64s of 1927

a
a

Cent Ry 30-year g 7a..
Sink fd

74a (coffee

154

Brisbane (City) a f 5a
Sinking fund gold 5s

20-year

Budapest (City) exit
Buenos Aires

External

a

External

a

a

37
39

f 6s 1962.. 1955

Sale
Sale

J

27
22

1968 MN

35

24,000 Caldas Dept of (Colombia) 7H«—1946 J J
585,000 Canada (Dom) Gold 4a
1960 A O
30-year gold 5a
364,000
1952 m N
4 He....
1936 f A
212,000
J
1,000 Carlsbad' (CiYyfeT 8a IZZIIII" 111954 J
97,000 Cauca Vail (Rep of Col)a f g 74al946 A O
291,000 Cent Agric Bank (Ger) 7a
1950 M S
Farm Loan a 1 6a
J
403,000
....I960 J
Farm loan a f 6s
1960 A O
493,000
Farm loan 6s series A
..1938
543,000
101,000 Chile Republic ext a f g 7a......1942 MN
External alnking fund g 6a ...1960 A O
196,000
External sink fund gold 6a....1961 f A
68,000
Ry ref extl a f g 6a
J
91,000
1961 J
Extl a f 6* int ctfa
1961 M S
142,000
Extl sinking fund 6s
1962 M S
34,000
External sinking fund 6s......1963 iJ)i N
100,000
69,000 Chile Mtge Bank of gu a f 64* ..1957 J D
Sinking fund gold 694* guar.. 1961 J D
189,000
Guaranteed * f gold 6s
243,000
1961 A O
Guaranteed sinking fund 6s.. 1962 M N
150,000
59,000 Chilean Munic Loan 7a
1960 M S
4,000 Chinese Hukuang Ry 5a....
1951 J D
2,000 Chrlstianla (City) (Oslo)3Q-yr 6s-1954 M S
217,000 Cologne (Germany) a f 6 34a
1950 M 8

10

1967 J

f g 7a

a

Stab loan 74« int ret.

334
394

Colombia (Rep) external

■

f 6s... 1961 J

Sinking fund 7s of 1927
Copenhagen external 5a

58.000

52,000
71,000
80,000
13,000
68,000
153,000
108,000
10,000
35.000
125,000
357,000

External

17a

s

Cuba

25.000
31,000
102,000

5 4s of

25-yr extl 6s

35-year 5 4s of 1930
&

4% fund £

op

95

Mar.

95

Mar.

90

Mar. 11

714 Fed.

90

Mar. 11

17

Mar.

9

12

Feb.

424 Mar.

9

38

9

354
284
284
274
144
104
104
114
104
114

Mar.
Jan.
Jan.
Jan.
Jan.
Feb.
Feb.
Feb.
Jan.
Mar.

194
474
414
424

Jan.
Jan.
Jan.
Jan.

11

Feb.

Sale
Sale

354 Sale
134
16

Sale

12

Sale

12

Mar.

15

Mar.

4

114 Sale

12

Sale

114 Mar.

14

Mar.

9

12

12

Mar.

15

Mar.

7

12

Mar.

124 Mar. 29

144
144
134
144

Mar. 11
Mar. 3
Mar. 8
Mar. 4

25

28

Mar. 24

25

14

Mar.

114 Feb.
114 Jan.

14

r

Cash

Sale
•

Sale'

114 Sale
12
124

Sale

Sale

(City)

12 4

124 Sale

124

f

20
r32

114

7

Jan.

13

Mar.

184

11

Mar. 16

13

Mar. 29

7

13

Mar. 29

Mar. 14

75

Mar. 14

75

Jan.
Feb.

75

Feb.

Mar. 16

224 Jan.

37

Mar. 16

344

Sale"

304 Mar.

37

7

4

4

23

Sale

23

Jan.

23

254 Mar. 17
254 Mar. 22

30

Sale

Mar. 31
Mar. 30

214 Feb.

23

21

30

Jan.

184
224
234
684
634
244

20
Sale
Sale
Sale
Sale
Sale
594

184

Mar. 23

22

184 Mar.

19

20
21

274 Jan.

Mar. 19

Feb.

27

Jan.

20

Feb.

284 Jan.

14

Mar.

1

234 Mar.
234 Mar. 31
714 Mar. 11

20
20

65
60'

Mar.

2

67

67

Mar.

9

23

Mar.

1

314 Mar. 14

204 Jan.

34

Jan.

9

354 Mar. 22

46

Mar. 11

32

46

Mar. 11

Sale

38

7

42

Mar. 29

304 Jan-

42

Sale

284 Mar. 1
834 Mar. 15

38

Mar.
3
Mar. 18

254 Feb.

r45

784 Jan.
Feb.

95
89

Jan.

734 Feb.

22

65

624
214

23

344

604

Sale
Sale
Sale

644
Sale

37

38

42 4
294 Sale

88
73
71

Sale

964
744
744 Sale
344 Sale

36
40
36

904

95

90
964
704 Sale

77

Sale

394 Sale

Mar. 24

Mar.

95

Mar. 12

Mar.

9

89

Mar.

7

65

Mar.

7

72

734 Mar.
344 Mar.

8

764 Mar. 24
404 Mar. 23

15

1

89

Mar.
7
Mar. 15

Feb.

554 Feb.
50

84
52

124
974

Sale
Sale

84

84

84 Mar.
974 Mar.

100

97

1004 Mar.

134 Mar.

13
13

714 Mar. 11

Feb.
Jan.

Feb.

3

Jan.

12

Mar. 18

Mar.

7
27

734 Feb.

78

33

404 Mar. 23

Feb.

84 Mar.

Jan.

5

17

Jan.

14

100

Jan.

8
3

86

854 Sale

954 100

J

72

Sale

80

744
874
634 Sale
74 4
80

824 Sale
684 Sale

71

62

Sale

62

Mar.

M

754 Mar.

£

Sale
67
Sale
644

624 Mar.

S

624
57 4
574

76

M

574 Jan.

50

44

°484

44

Mar.

51

Mar.

44

50

Feb.

50

Feb.

40

Sale

40

Mar.

42

Mar.

Jan..

45

Jan.

11

Sale

a394 Mar.
A
404 Mar.

44

Mar.

30
33

Jan.

50

Feb.

29

45

Mar.

244 Jan.

45

Mar. 22

52

Sale

Sale

Sale

99
97
86

Sale
Sale
Sale

Mar.

87

794 Mar.
Mar.

A

414 Sale

88

85

81

....

Q9

82

89

48 4
30

80
394

39

424
42 4

494

784

M N

J
1

M

40

Sale

rt

J

404 Sale

44 4

404
904
864

8

J

40

Sale

J

M
M

494
45

—

S

42

354

45
Sale
Sale

~

Sale

89

Mar.

86

85

Mar.

Mar.

62

Sale
Sale

454

51

52

57

50

54 •

Sale

45

544 Sale

464

52

50

Sale

48

494
524

48
50

O

42

50

40

A

O

42

45

40

N

25

254

.1

l>

1114

J

D

1124 Sale

Sale

50

27

1164 Sale
116

Sale

874

53
50

594

41

Mar.

374 Mar.

324|Feb.

50

Mar.

534 Mar.
494 Mar.

564 Mar.
584 Mar.
534 Mar.

424 Jan.
434 Jan.

48

52

Mar.

26
50

Sale
Sale

23

Sale

20

45

Sale

45

974

Sale

994 Sale

97

Mar.

A

D

M

N

*524
2604
85

94

51

1

57

42

52

41
61

24

O

F

91

41
664

30

37 4
65
29

22

29

4

Sale

Sale
40

56

Mar. 28

294 Mar.

9

Mar. 28

60

254
654
254

Sale
Sale
Sale

39

Mar.

Mar. 15

194 Jan.
284 Jan.

a894 Jan.

Mar
Mar
Mar
Mar
Mar

254 Mar.

41

65

664 Mar

Mar.

31

*a56

29
8
5
9

36

Mar

35

Mar

4

514 Mar

11
14

Sale

30

Sale

15

23

Sale

23

Sale

25

Mar

134

214

Sale

224

Sale

424 Mar.
224 Mar.
214 Mar.

25

Mar

Sale

28

Mar

26

Mar

Mar.

11

i

Mar.

4

40
a69

Mar.

494 Mar

15

71

Mar.

75

Sale

72

Sale

a70

Sale

684 Sale

70

Sale

61

Sale

60

32

45

42
30
40

45
37
Sale

Sale
Sale
14
4

O

D

A

704

224

30

994
99 4

Sale

Sale

1031
102;

10

Sale

12

42 4

(City of)

15-year 6a
1934 M N
rwellies (City) 15-year 6s.....1934 M N
D

3
e

40

£ sterling

2
a

364
27
44 4
1024
1024
104

'24

Deferred d ell very.

Sale

Sale

394
29

85
Sale
Sale
11
4

Mar

29

874 Mar.

914 Mar

19

89

Mar.

92

744 Mar.
g644 Mar.

83

67

Mar.

584 Mar.

364
274
40
a 101
1014
104

Mar.
Mar.
Mar.
Mar.
Mar.
Mar.

73

Mar

2
Mar, 17
Mar 29

724 Mar,
634 Mar

21 434
23 344
II 46
15 1034
9 1034

30, 13

11

24

45

78

Jan.

16

Sale

A

Jan.

4 a764 Mar. 31
7 a764 Mar. 29
984 Mar. 24
Mar. 29
Jan.
8
254 Mar. 30 48
Jan. 14;
62
Jan.
6
Mar. 29

79
39

4

46

.....1965 M N

Mar. 24

4

624

82

Mar. 15

Jan.

24

80

8

5
60
4 100

Jan.

23

Sale

334 Feb.

4

20

24

76

9
6

7
16

23

95

7

444 Mar.
654 Jan.

36

Mar.
Mar.

904

14

Mar. 31

514 Mar. 11

23

72
Sale

Jan.

rll74Mar.

4

24

100

30
118

;

Jan.
Jan.

29

85

26

34
15
14

23

a464 Sale
72 4 100
904 Sale
904
95

Feb.

254 Mar. 31
6
274 Jan.

24 4

39

13

*a654Jan.

24

254 Mar.

504

9

8

21

:

4
Mar. 28

8 1004 Mar. 24

30

344

S

toth

9

Sale

294

8

64s
1954 J
Irrtg Assenting s f 64s 1943

Mar.

46

1937 M

(City) external iff 7s..1947 F
(Prov)sec a f g 748.1950

65

Sale

f 7s series B_._
1947 M
llan Public Utility s f g 7s
1952
anese Gov
text s f 6 4s..._..1954 F

Austria

56

a764
*76 4
984
544

29

58 4 Mar. 12

274 Jan.

19

A

1957 A

9

Mar.

Mar.

564 Mar. 28

52

444 Mar.

93

Mar.

Jan.
394 Jan.

194 Mar.

364
124
13 4

M N

sec s

93
30

Feb.

504 Feb. 29
494 Mar. 5

1104 Jan.
al084Jan.

Mar. 28

29

534 Mar. 21

324 Mar. 22

*a654 Sale" *a764~S~a"le~ *a65 4Mar,
*a694 Sale *75
764 *a694 Mar,

354
604

O

1950 J
1960 A

57 4
654

Sale

!I*

Mar.

Mar.

Mar.
Mar.
Mar.
Mar.

19

J

Mar.

504 Mar.

494 Mar.

494
194
204
254
118
Sale
1154
1134
1154 Sale

914

1990

a87

Mar.

22

214

89

Feb.
Feb.

35

Mar. 22

Mar. 12

Mar. 12

Jan.

| 21

M N

30

814 Jan.
79
76
75
21

Mar.

874 Mar.

F

Sale

ft*

754 Mar. 2
554 Feb. 16

Mar.

Mar.

594 Sale

A

Mar. 22

Jan.

82

55

Sale

100* Mar.

Jan.

57

Mar.

914 Mar.
884 Mar.
a87

834 Mar.

Jan.

854 Jan.
704 Jan.

854 Mar.

Mar,

Sale

Sale
Sale

36

M

19

89
85

77
80
23
36

Sale

♦ At the exchange rate of 84.865

18

4

61

dellln (Colombia)

16

154 Jan.

Mar.

Sale

...

Jan.

154 Jan.

Jan.

18
25

13

614

(Stare Mtge Bank)—
I e 7*

3

16

75

11

Sale

K

18

Jan.
Jan.

O

external 8 f 78.1951 J

sinking fund 54s

Jan.
Mar.

10

9

o

ser A

18

153
143
143

124 Mar.

Jan.

154 Mar. 16

3"

74>

4

18

15

124 Mar. 31
124 Mar. 31
94 Mar. 30

Sale

1958

4s

13

Mar.

144 Jan.

O

1946 A
t

Jan.

lo

A

F

ext 6

Jan.

19

Sale

23

374 Sale

Mar.

r43

Sale
Sale

Sale

Sale

Mar. 24

3

16
15
16
16
15

24
21
22

60
78

Mar.

384 Mar. 8
424 Mar. 1
184 Mar. 11

Mar. 10

24

Sale

304 Sale
394 Sale
784
85
704
88

31
22
23
22
28
2

114 Mar.
12

Sale

Sale
Sale

Sale




12

Sale

88

gaie.

124 Sale
1134 Sale
12
124

114
134
264 Sale

71

xlcan

3

15

Sale

1949

21.000J falian Cred Consortium 7s

131,000!
36,000|

90

144 Sale

Mar. 10

964 Mar. 21

12

Sale

Sale

m

964 Mar. 21

Mar.
Mar.
Mar.
Mar.
Mar.
Mar.

Sale

ipzlt)

81

Feb.
Jan.

Mar. 11

71

ons

8

Jan.

90

92

85

ed

204 Jan.

80

Sale

144 Sale

D

ConIuvIh

8

Mar.

93
78

Bks

64s

1960 (J5=£I)

(Kingdom)

SpPn

12

414 Jan.

81

38

76,000 Hungary (King of) • f 7 4«_.._—1944
37,000 Irish Free State externa! 5s
1960

72,000
80,000
5,000
159,000

Jan.

Mar. 14

Mar. 11

774 Mar. 2
914 Mar. 2
924 Mar. 21

34

Hungarian Mun Loan 74s
i
1945
Fsternal » f 7«
I
Sept f 1946
20,000 Hungarian l.aod Mtge 74s A
1961 M N
20,000
S f 7 4« series B
.....1961 M N

xtl

Mar. 14

37
34

944 Sale
934 Sale

384 Sale

.

Heidelberg iCItyi extl

145,000 I
1,505,000 J
516,000

5

784 Sale

Sale

Hamburg (State) 6s.

External

244 Jan.

Sale

4 Sale
254 Sale
214

« f «ec 7s.
.......1964 M N
Sinking fund secured 6o__....19b8 F A
s f 6o_. ....1952 AO

85,000|

374 Mar. 11

42

184

5

Mar.

5

13

20 4
23

Halt) (Rep. of) Cost

Italy

Mar.

55

Jan.

924 Sale

304 Sale

54.000

593,000

71
87
86

Mar. 11

394 Mar. 21
a24

78

75

61,000 Greek (^«>vt

Helslngfnrs

12

29

53} War Loan fop 1029 ($5=£1)1947
22,000 Greater Prague (City) 74a.
1952

169,000
35,000
58,000
84,000

164 Mar. 12

D

89,000!

62,0()O
17,000

Mar. 28

16

O

Communal

Loan)

Registered.-

32.000

12

A

23,000iGrat (Municipality) 8s.........1954
3,004,000 Grf Brit A Ire.. 20-year 84s....1937
,

Sale

.......1965 J

Republic extl 7s
Pro*

12

304 Mar. 23

J

A

(■ermao Gov't International—»

Agrlc

Mar. 15

15

Mar.

37
Jan.
16
Jan.
404 Jan.
394 Mar. 28

16
8
8
10
15
11

J

loan 64s A.......1954 A

3,000
External 6 4s Ser B
1954
101,000 Frankfort (City of) s f 64s
1953
383,000 French Republic 20-yr eitl 74s..1941
299,000
External s f 7s of 1024
1949

(Cons

50

Feb.

26

8

External sinking fund 7s......1950 M 8
External sinking fund 6Vis
195a M S
Extl sinking fund §4a.—
1958 F A

German

Feb.
Mar.
Mar.
Mar.
Jan.
Mar.

7

Mar. 15

55

374 Mar. 11

11

Mar. 31

364 Mar. 11

50

Mar. 30

11
15
7

85

Mar. 14

134
94

8

1947 J

239,000

584 Mar. 11

14
11
12
27

434
484
484
574
264
584

Mar. 15

304

13

A

Dutch East Ind

(German

Mar. 28

30

8

32

2l'

Mar. 28
Mar. 21

Mar.

20
13
6

2

15

274

254 Sale

M N

54s....1940

19,000 Finland (Rep of) external 6*....1945

[ 5,589,000
U,756,000

23

184
454
394
394

Mar. 24

Jan.

26

13

...1940 4

40-yr external sink fd gold 6s .1962
167,000
30-yr external gold 54s_.Mar 1953
9,000
30-yr external gold 54*—Nov 1953
13,000
30,000 EI Salvador (Rep) 1st S f 8s.
1948
38,000 Estonia (Republic) 7s..........1967

mun

484 Mar. 8
484 Mar. 8
574 Mar. 10

Mar. 17

65

20

1945 M N

7,000 Finnish

Mar. 31
Mar.
1
Mar.
2

63

294 Jan.
334 Feb.

3

....

1926...

2d series
sinking fund

69,000
75,000

Mar. 31

394 Mar.

30

Sale

Sale

N

Dresden (City) extl • f 7s

42,000

Mar. 11

85

_

29

(Dept Colombia)

...

sec

25

Mar.

Mar. 23

Sale

29

Sale

13

D

1st

7

114 Sale
104 Sale
114
144

J

External s f 6Vis
96,000
1959
33,000 Czechoslovak (Rep of) exit 8a...1951
Sink fd 8s ser B
18,000
1952
484,000 Denmark 20-yr external gold 6a .1942
External g 5 4s
199,000
1955
Gold 4 4s.
530,000
1962
Deutsche Bank Am part ctfs 6s. 1932
321,000
51,000 Dominican Republics f54s_—1942
2d series 54s
1942

16,666

70
35
40
39
(46

254 Mar.

20

70

37

A

Cundlnamarca

r254 Mar. 15

Feb.

Feb. 13
554 Jan.
Jan.
5
314 Jan.
Mar. 29
284 Jan.
Jan.
Mar. 29 a22
10
Jan.
Feb.
8
8J
Jan.
Mar. 4
5
Mar. 31
Jan.
8]
Feb.
984 Jan. 13 103
18
Jan.
4
314 Mar.
16
Jan.
5 r254 Mar.
154 Jan.
2
254 Mar.
25
Mar.
124 Jan.
6

25

38

35
34

62

June 30 1945 J

2

314 Mar. 11

Mar.

56

124 Sale

A

Public

Mar.

Mar.

29

Sale

384

Sale

20 4

1953 J

8
7

894 Mar. 11
Feb. 29
4 alOl
4 1014 Mar.
1

46

37
20

47

Sale

A

1949 F

404 444
474 Sale
224 Sale

Sale

d

1949 F

Series C

f 54a
Works 5Vis

Mar.
Mar.

23

224
204
84
74
54

12

J
1942 J
7a..1951 M N

a

Mar.
Mar.

22
4
Mar. 31

194 Mar.
174 Mar.

Sale

37
37

1952 j

5s ext debt Ser A of 1914

30-year

554 Mar. 30

Jan.

124

MN

4 Hs extl loan

23
20

Sale

29

O

of 1904 .......1944 M

Mar. 24

63

304 Mar. 11
284 Mar. 10

L014 Mar. 16

Sale

42

Nov 151937 MN

(Rep of) 5s

40

30
31
29
29

80

914 Jan.
914 Jan.

144
354
324
324
344
144

1947 F

Cordoba (Prov) Argen 7a
Costa Rica (Republic) extl

5

Sale
Sale
Sale
Sale

774
134
15
334
384
294 Sale
294 Sale

O

Gold 4Hs Int ctfs
1953 M
Cordoba (City) external a f 7a... 1957 F

Mar.
Mar.
Mar.
Mar.
Mar.
Mar.

Mar. 22

"

Sale

86
75

J

A

A

894 Mar. 11

Sale Prices.

Sale

....

189,000

Mar. 30

Mar. 31 101
Mar.
Mar. 14 1014 Mar.

Highest.

Prices.

Sale

15
Sale

743
893

.....

Ext a f g 6s int rets
356,000
1.—.1961
146,000 Colombia Mtge Bank 6 4*
.....1947
Sinking fund 7s of 1926
144,000
1946

Sale Prices.

144

57

254

Prices.

42.4 464
22 4
23
494
504
434
434
48
324 Sale
324 Sale
194
20
334 35

55
35

85

Sale

Sale
85
97
98
57

Sale

374 Sale

41

Sale
Sale

1960
...1960

Buenos Aires (Pro?) ref. ext'la f6s 1961 M S
External a f 64a
1961 F A

Bulgaria (Kingdom of

70
Sale

174 Sale
394
45

(City) extl 64>—-1955

f g 6s series C-3
f 6s series C-2

Sale

664
70
294 Sale
354
41

1957 m e
1958 F A
1950

f 6a...

a

Sale

14

...1952 J D
flat 1952 A O

aec>._

Bremen ext g 7s trust recta.....1935 M S

5

1034 1024
Sale
264
20
244
Sale
234
IV* 224

Sale

1957 A O
1957 A O

74 Sale
54 Sale

Sale
Sale

Sale

Extl

Sale

Sale

23

Lowest.

Highest.

554
234
204
84
74
54

Sale

99

Bordeaux (City of) 15-year 6a... 1954 MN
Brazil (U S of) external 8a
1941 J D
Ext

RANGE SINCE JAN. 1.

Lowest.

Ask.

Sale
Sale
65

Bogota (City) ext g 8a
.....1945 A O
Bolivia (Republic of) a f 8a
1947 M N
External aec gold 7a
J
......1958 J
1969 m

Bid.

924 Sale
924 Sale

External a 1 5a
.........—I960 M S
Berlin (Germany) a f 64a
1950 A O
External sinking fund 6a......1958 J D

Extl sink fund 7a

March 31.

80

D

1956 MN

f 5a_Oct 15 1949 A O

a

PRICES IN MARCH.
March 1.

1932.

Foreign Government (Continued)
550,000 Belgium (Concl) External • f 6«—i955
External

19

Jan. 2

exchange.

$

564,000
928,000
9,000
10,000
82,000
224,000
34,000
66,000
53,000
86,000
86,000
165,000
469,000
143,000
118,000
15,000
368,000
71,000
51,000
150,000
213,000
51,000
25,000
35,000
354,000
155,000
206,000
81,000

EXCHANGE—BONDS

3

4

Jan.
Feb.

13

844 Jan.

Jan.

It*
30
31

4

82

Jan.

704 Jan.
604 Jan.

4

Mar. 11

55
75

92
23 100
28
83

Feb.

18
18

Mar.

7

Jan.
Jan.
Jan.
Mar.

12
14
18
29

Feb.

29

Jan. 12
Mar. 17

2

75

Jan.

]a664 Feb. 26

84

Jan.

16
21

734 Jan.

22

3

57

Feb.

25

Mar. 12

31

25

434 Mar. 12

Mar. 11
Mar. 21
Mar. 1
Mar. 1
Mar. 21

26
33

Jan.
Jan.
Jan.

984 Jan.
984 Jan,
10

JaA.

24 Feb.

5
35
Jan. 16
46
Mar. 21
13 1034 Mar.
1
13 1034 Mar.
1
2
184 Jan. 28
8
34 Jan. 27

12

EXCHANGE-BONDS

N. T. STOCK

30
Sales in

foreign GOV T

So-

Assenting 5s of

(Concluded)

of 1899£ 1945
1899..........1945

Ask.

Assenting 4s of
As-tenting 4s of
Treas 4s of

13"666

1910 large......
1910 small

1913 assent (large)

1933 J

J

Small

Sale'

11

20)4

50

Sale

80

80

82
89

66

78%
78% Sale
76)4 Sale

66

Sale

77
71

59)4
65)4
Sale
Sale

eo%
Sale

Extl

Sec

f g 7s Int rets w 1__

a

SanteFeProv (ArgRep) extl 7s

..1942

Saxon Pub Works (Germany) 7s_1945
Gen ret guar serial gold
Saxon State Mtge Inst 7s

S Fg6)4a.

6%s._1951
1945
.__Decl946

Serbs. Croats 8c Slovenes extl 8s. 1962
Ext

see

7s

ser

1962

B

Silesia (Prov) extl sink

fund 7s..1958
1947

Sileaian Landowners Assn 6s

609,000
134,000
89,000
149,000
16,000
113,000
28,000
3,000
40,000

Soissons(Clty)ext 15-yr g 6sNov 14 '36
Styrla (Prov) extl sec s f 7s...... 1946
Sweden (Kingdom of)

1954
5)4*.....1946
1955
1971
Tokyo City loan of 1912 5s
1952
External a f 5)4s guar
1961
Tollma (Dept of) external 7s
1947
Trondhjem (City) lat ext g 5%S—1957
Upper Austria (Prov) extl s f 7s..1945
External a f 6)4s
29.000
June 15 1957
46,000 Uruguay (Rep) external s f 8s
1946
Ext s f 6a_.......
1960
174,000
Extl s f 6s
May 1 1964
80,000
38,000 Venetian Prov Mtg Bank 7s.....1952
....1952
231,000 Vienna (City) external 6s
129,000 Warsaw (City) external 7s.......1958
1961
250,000 Yokohama (City) extl s f 6s..
Extl g 5Xs

Switzerland (Govt) ext

f g 5)4*
Taiwan Elec Pow 5%s
Sydney

(City)

s

Sale

52

Sale

79)4

70

94
01%

93

58

7%
10%

Sale

6

Sale

5%
5%

58 %

58)4
Sale

56)4
59%
U%

57)4 Sale
15
Sale
9)4
11)4

9
12%
Sale
Sale
Sale
Sale
Sale
15

26

Sale
70)4 Sale
60)4 Sale
50
Sale
17% Sale
10
Sale
12
Sale

8

16
17

18
28

29
1
29
2

57% Mar.
12)4 Mar.
9
Mar.
25
Mar.
25% Mar.
70% Mar.
60)4 Mar.
40
Mar.

1

1

7
31
29
30
1

1

Mar.
Mar.

10

Mar.

67% Mar.
87% Mar.
44% Mar.

58
23

47

58

21

Sale

1-4)4

11
37

Sale

11

Sale
Sale
18
Sale
Sale

37

43

13)4
18
10)4 Sale
48)4

45
25
24
23

40
Sale
Sale

26)4 33
21)4 Sale
45
40

Sale
Sale

Sale

13%
10%

! I"

99)4
38

79)4
102%

Sale
Sale

37

Sale

55

58

45)4
32)4
57)4 Sale
15
11%
50%
63

29)4
40

45

23)4

Sale

24

Sale

80)4

04%
57

34%
Sale

14

i!K
If*

1
101% Mar.
1
42% Mar.
48
49% Mar. 23
Mar. 2
41% 43% 40
Sale
52
51% Mar. 29
8
9
Mar.
11
10

55

50

36%
26%

Sale
■

85

Sale
56

"33%

53% Mar. 14
4
35
Mar.
26% Mar. 28

42

Sale

Sale

[a40% Mar.
30% Mar.
30% Sale

Sale

30%

Sale

48

00%

84%

91%

58%

Sale

60

Sale

43

Sale

41

Sale

56.

Sale

a58% Sale

Mar.
84% Mar.
58
Mar.
40% Mar.
56
Mar.

30

60%

48

Jan.

8*

11
8

Jan.

16

26
30
31

28
~

26

14

?s

Mar. 16
Mar. 15

Mar. 11

Jan.

9
25
14

33% Jan.

Jan.

14

Mar.

li*

22% Jan.
21% Jan.

Feb.

Jan.

88

Mar. 23

Feb.

8

69

Mar. 23

Jan.

^55

Feb.

21

Jan.

12

Jan.

10

Mar. 30

US

10

Jan.

4

13

Jan.

12

Jan.

6

18

Feb.

4

12% Jan.

10

Jan.

1
66% Feb.
7
84% Jan.
41% Mar, 24

Zf*
94

Jan.

Jan.

20
15
18
22
18
13
26
11
8

Mar.

56

Jan.

6

Jan.

Jan.

22

60

13% Jan.
10% Jan.

15

23

Feb.

28
3

4 rl7

Feb.

11

Jan.

7

50

Feb.

Feb.
13% Jan.

27

25

Jan.

5

18

Jan.

17

Jan.

40

33

Mar. 3
Mar. II
Mar. III

46

16

8

Mar. 29

9

8

34% Jan.
21% Jan.

8

Mar. 9
Mar. 2
8
Mar.
Mar. 22
Mar. 31
4
Mar.

35
33

Jan.
Jan.

4

3
7
8

Feb.
Mar.

42% Mar.

2

19

50

Jan.

25

47

Jan.

4

47

5

28

Jan.

12
12

Mar.

Jan.

28% Jan.

Mar. 11
79%
103
Mar. 11 101
50
Mar. 2
34
58% Mar. 5
49%
43% Mar. .18
35%
58
Mar. 4
49%.
3
9
12% Mar.
58
Mar. 3
41%
41
Mar. 21
28%
26%
35% Mar. 10
50
Mar. 12 o31%
23%
35%M ar. 10
24
34% Mar. 11
80%
91% Mar. 3
47
62% Mar. 14
32
45% Mar. 11
4
63 %Mar.
55%

33
48

4

11

31% Jan.
18
Jan.
97

6
9
15
16

64% Mar. 3
45% Mar. 11
34% Jan. 16

4

31% Jan.
22% Jan.
19
Jan.

7

Jan.

92

Mar. 22

Sale

59%

4

Jan.

48% Mar. 7j
22
Mar. 11!
18
Mar. 19;
15
Mar. 7

64

10
56
33 %

5

Jan.

5%

46% Mar. 24
21
Mar. 31,
16
Mar. 11!

102

83

Mar.

50
48

8
10% Mar. 24
Mar.
4
5%
Feb.

Mar. 31

86)4

Sale

27
22
18

Mar. 14

75

Jan.

Alar.

Jan.

68% Jan.

10

101% Sale
42% Sale
57
51%
47
37%
52% Sale

102

Mar. 28

72

35

84

24%

Mar. 16

31% Jan.

1

Mar.
Mar.

4

Mar.

Mar. 10

70

2
5

m

43

21

Mar. 10

70%

Mar.

Sale

39

84

76%

Mar.

ft"

43%
40%

34%

10

59

Feb.

Mar. 11

79

18

35%

32

28*

16

98)4

18

7
26

84

5

5
15% Mar.
8
Mar. 29
57% Mar. 29 64%
40% Mar. 26 45%
42% Sale
Sale
25% Mar. 31 33%
25% Said
22
Mar. 28 29
Sale
Sale
43
Mar. 29 48
Sale
38% Mar. 28 42%
Sale
41 % a40% Mar. 18 47
Sale
Sale
36
37% 35% Mar. 28 41
Sale
Sale
44
40% Mar. 2 47
26
24
Mar. 29 25%
28
24%
Sale
101
Mar. 14 103
Sale
103
42
Sale
34% Mar.
40
38)4
12

11% Sale
61% Salei
42
40%

33)4

31

18

Mar.

68

27

Mar. 31
Mar. 31
Mar. 19

19

84%

Jan.

45% Mar. 11
17
Mar. 29

14

Feb.

25

97% Feb. 27
62% Mar. 18
Feb. 29
14% Jan. 12
Jan. II
Jan.
4

7

Mar.
11
Mar. 10
14
24' 10)4 Mar. 1
22
18
Mar.
1
30 11 %Mar. 21
71 73
Mar. 28
22
94
Mar. 8
24 50% Mar.
2

17

45

21
18

Jan.

105% Feb. 15
55% Mar. 11

Jan.

Mar. 23:
Mar. 30,

12

Jan.

!?*

50

8

16

28% Mar. 14

45

Mar. 31!

10
10

70% Jan.

85

24

10

2

Mar.

5

23

Feb. 23

Mar. 3
62% Mar. 18
9)4 Mar. 1
12% Mar. 11
6% Mar.
2
6% Mar. 11
60% Mar. 16
58% Mar. 15
64
Mar. 11
16
Mar.
9
10% Mar. 17
33
Mar. 15
31% Mar. 9
88
Mar. 23
Mar. 23
69

97

5

10% Sale
9
10
10%
12
10
Sale
71% Sale
91
Sale
40%

10% Sale
18
Sale
11)4 Sale
70 )4 Sale
88% 100
50
51

31

3

4% Mar. 16

10% Mar.
10
Mar.
21% Jan.

.

Mar. 14

3
3

Mar.

5

lr

4

Mar.
Mar.

Sale

2% Mar.
4% Mar.

18
Mar.
100% Mar.
30% Feb.
29% Feb.
83% Mar. 9
70
Jan.
84* Mar. 11
71% Jan.
Mar. 10.
70
Jan.
Mar.
4
79
64% Jan.
76% Mar. 10
63% Jan.
Mar. 16
70%
59% Jan.
Mar. 28
70
64% Jan.
28% Mar. 11
20)4 Jan.
Mar.
3
60
52
Feb.
Mar.
4
59
48% Mar.
Mar. 14
75
60
Jan.

18

56

25)4 Sale
79
Sale
65
Sale
41 % Sale
10
Sale

31

88*

Mar. 8
Mar. 10
Mar. 21
Mar. 24
Mar. 4
Mar. 5

55

3% Feb.
62

Mar.
1
22
8 101% Mar. 16
Mar. 11
1
Mar.
7
1

28

01%
59)4
8%
10%
5%
5%

Sale
Sale

9

32)4 Sale

.1950

1956
1968
...1940

irA

6

—1953

......

27)4

56
55

Mar 1952
May 15 1957
f 8s.....1936

f 6s int rets

s

80

94)4
97)4
58)4
00%
9)4 Sale
11
12)4

Sao Paulo (City) s f 8s..

Ext 7s water loan.

71)4

70
70

Mar.

5

7

Mar.

1% Feb. 20
2% Jan. 28
4
Jan. 20
3
Jan.
8

Mar.

13
13

31

5

Mar. 12
Mar.
7

5

4% Mar. 18

Mar.
2
Mar. 30

5

68

Mar. 28

22% Mar.
18
Mar.
100% Mar.
50% Mar.
50
Mar.
78
Mar.
70% Mar.
74% Mar.
75
Mar.
72% Mar.
70
Mar.
70
Mar.
22% Mar,
56)4 Mar.
48% Mar.
70
Mar.

50)4 Sale

43)4

external s f 6)4*
1952
f 6s .....1964
Roumania (Monopolies) 7s
1959

f 8s..........

3

10)4 Mar. 23
10

44)4

Rome (City)

s

Mar. 3
Mar. 22

■4)4 Mar. ~2
65% Mar. 23

Sale'

Sale

101

Rotterdam (City) ext s

External

67&

27)4
25)4
25)4 Sale

29

Sale

15

;

13

120,000
Ext s f g 6a
1968
95,000
Ext s f 7s of 1926
1966
32,000
Extl a f 7a munic loan
1967
33,000 RiodeJaneiro (City) 25-yrsf 8s .1946
133,000
External sec s f g 6)4*
1953

San Paulo (State) ext s

4

>

Sale

11

J8*
29

216,000
External s f 88
1950
7,000 Porto Alegre (City of) 8s
1961 J D
12,000
External guar sink fund 7)4*..1966
188,000 Prussia (Free State) ext a f 6)4—1951.M S
320,000
Sf gold 6s
1952 * "
120,000 Queensland (State of) ext s f 7s. _ 1941
112,000
25-year extl s f 6s
Feb 15 1947
195,000 Rhine-Main-Danube deb 7s ser A 1950
52,000 Rio Grande do Sul (State) ext 8S.1946

Ext Isec s f g 6)4*

7
3

Mar.

2% Mar.
4

4

Mar. 12
5
Mar.
7
2% Mar. 3
4)4 Mar. 3
5
Mar.
3
4% Mar. 16
5

4% Mar. 18

5

15

67)4

Sale

O

Panama (Rep) external 5)4*- ——1953
94,000
Extl s f 5s aer A
May 15 1963
6,000 Pernambuco (State) ext sec 7s..1947
20,000 Peru (Rep) Sec s f g 7s... ......1959
132,000
National loan ext s f 4s
1960
238.000
S F 6a Int ctfs w 1
........1961
86,000 Poland (Rep of) g 6s
1940
514,000
Stabiliz loan 7s of *27. Oct 15 1947

Saarbruecken (City) s f6s

Sale Prices.

2%

4
4)4

4

92,000

4,000
4,000
20,000
27,000
25,000
25,000
67,000
639,000
66,000
198,000
156,000
11,000
39,000
121,000
143,000
99,000
6,000
52,000
81,000

Highest.

Sale Prices.

Sale Price.

3% Mar.

230,000 Milan City (Italy) ext loan t%s—1952 A
Mlnas Geraes (State) Brazil.-—
70,000
External sinking fund *%*——1958
114,000
Ext sec 6%s series A
......1959
37,000 Montevideo (City) s f g 7s....—1952
18,000
Ert s f g 68 aeries A
1959
90,000 Netherlands s f 6s flat....—....1972
522,000 New South Wales ext s f g 5s—1957
008,000
External s f g 5s
...——1958
90,000 Norway 20-year ext s f 6s_Aug 15 1943
39,000
20-year external s f 4s. Aug 15 1944
/1.000
30-year external s f 6s
Oct 1952
J8.000
40-year ext s f 5Hs.— June 15 1965
155,000
External s f 5s—
Mar 15 1963
8,000
Municipal Bank extl s f 5s
1967
5,000
Municipal Bank ext s f 5s——1970
43,000 Nuremberg (City) external 4s...1952
305,000 Oriental Development 4s—
1953
143,000
Extl deb 5%s int ctfs
....—1958
17,000 Oslo (City) 30 year s f 4s
1955

287,000
13,000
157,000

Lowest.

Sale Prices.

5

2%
3)4

Sale

Highest.

10

3)4
4%

1904........—1954

Assenting 4s of 1910—........—

Lowest.

,

Ask.

Ask. Bid.

Bid.

2%

Assenting 5s large
Assenting 4s of

March 31.

March 1.

1932.
Bid.

(U S) external 5s

Mexico

4,000
5,000
2,000
11,000
18,000
27,000

Jan. 2

EXCHANGE.

N. Y. STOCK

RANGE SINCE JAN. 1.

PRICES IN MARCH.

Price

BONDS

March.
Value.

8

15

25 103
42
11

Mar. 31

92

Mar. 11

Jan.
Jan.
Jan.

5

22 103
50

5

26

58

18
21
18
Mar.
3

Mar. 21

70

4
Jan.
Feb. 23
Mar. 28
Jan. 13
2
Jan.

Jan.

18

8

Jan.

38% Jan.

14

60

Mar. 12

35%

Mar. 10

34% Mar. 11
91% Mar. 3
8
64% Jan.

2

Jan.

Mar.

41

2
Feb.
Feb. 27

Mar.

16
2

Jan.

67% Jan.
45% Jan.

Mar. 2.1

4

Mar.

Jan.

7

Jan.

19

Jan.

4

Feb. 26

8*

Mar. 11

Jan.

16

RAILROAD

AlaGt Sou 1st
First

cons

cons

5s ser A_.

4s series B

1943
1943

1946
Allegh 8t West 1st g gu 4s
1998
Alleg Valley gen gu 4s
1942
Ann Arbor lat g 4s
July 1995
Atch Top 8fc S F gen g 4s .......1995
Registered....
1995
Adjustment g 4s..
July 1995
Stamped
.....July 1995
Albany 8c Susq 1st guar 3)4*.

1.000
9,000

435,000
2,000
22,000
109,000
4,000
13,000
54,000

186", 600
18~666
47,000

*9"666
15,000

123",066
14,000
63,000
8,000
4,000

287,000
4,000
712,000
160,000
204,000
184,000
99,000
263,000
115,000
88,000

1,156,000

40'666

95

76

"60% "70""
71
83

87

...

17)4
88

80

30
Sale
79)4
85

...

Registered
............
1909
.....1955
1905
1955
Conv g 4a of 1910
...I960

4)4*——..——1948
Rocky Mt div 1st 4s A—
1965
Trans-Cont Short Line 1st 4s gl958
Cal-Arizlat8cref4)4* ser A...1962
Atl Knox 8c No 1st g 5s
1946
Atl 8c Char Air Line lat 4)4* A..1944
1st 30-year 5s ser B
1944
Atlantic City 1st con guar g 4s
1951
Atl Coast L 1st cons 4s
July 1952
General unified 4)4*-.-.
1964
L 8c N collat gold 4s
Oct.. 1952
Atlantic & Danville 1st g 4s
1948
Second 4s
1948
Atlantic 9c Yadkin 1st gu g 4*..1949
Austin 8c N W 1st g 5s
1941
July 1948

80

1933
Refund 8c gen 5a ser A...
1995
1st gold 5s
July 1948
Ref and gen 6s, aeries C
1995
PLE8c WVaSysref g4s
1941
Southw Dlv 1st 3)4* at 5%
1950

86

89

87%
80%

89)4
79

51

85

87%

90

80*

gjj

14)4

19
60

08%
Sale

71)4 Sale
60)4 Sale
90)4 Sale
67
Sale

64)4

69
Sale

1959

75
51

2001

61)4 Sale

..._19mi
lat a
'43
...1961

....

Cash sale,




a Deferred

delivery.

49

74
.....

57

Sale
84
73

75

83
81

78% Mar.

1

85

83%
83

81

Mar. 10
Mar.
8

80
84

80

Mar.

88

Mar. 31

92)4

88%
00%

60

Mar.
Mar.
Mar.
Mar.

80

2

Sale

74%
82
82%
86
90% Sale
80%
51
84%
70
89%

8
1
4

26

Jan.

91

Feb.

Mar.

28
7

Mar.

8

Jan.

8
7

Jan.

Jan.

Mar. 10
Mar. 15
Mar. 15

Jan.

29

88

Mar.

94

Mar. 11

82

Feb.

9

Mar.

81% Feb.
80% Mar.
86% Jan.

89

Feb.

1

92%

Mar. 10

85

Mar.
Mar.

83

Mar.
7
82% Mar. 30

85

85% Mar. 11
82
Mar. 10
64% Mar. 3

92% Mar.

90

Feb.
Mar.

Mar. 11

80% Mar. 17
90
Mar. 28
80

Feb.

89

86%
84%
9 085
o74% Feb.
80
80
Mar. 10
84
73
Feb.
83%
74
Jan.
74%
74
Jan.

83% Mar.
94

71*

19% Jan.
84% Feb.
81% Feb.

82

82

20

a85

80
76

88

Sale
Sale
61)4
30

85% Mar. 28
86% Mar. 8

Mar.
25% Mar.
91
Mar.
86% Mar.

89

84

Sale

80

78

Mar.
4
Mar. 11

1

92

70%

80

25

Mar.

81

89

70

Sale

89

78

81%

86

75
50

90
23

85

80

Tol Cin Dlv 1st 8c ref 4s

r

78)4 Sale

84%
20%
86%

84

Refunding 5s series D

4)4* temp.—

Sale

Mar.
Mar.

9
9

i

9
9

76% Feb. 24
79
Jan.
7

90

85% Mar. 11
Mar. 10
65
Feb. 26
35
Mar.
9
30
Jan. 15

77%

Sale
77%

77% Mar. 30

62

59

Sale

59

25%

25%

31

26% Mar. 30

35

Mar.

9

19

25

29

1

29

Mar.

1

Jan. 29
Feb.
4
Jan. 19
23
Jan.
4
15% Jan.
4

30

60

77% Mar. 31
80
Mar.
7

86% Mar.
81

Mar.

9
8

77
?80

Mar.

9

"71
55

65
35
Sale
27%
60
100%

a29

81%

Sale

*82)4 Sale
Sale
01%. Sale
77
rSale
77% Sale
76% Sale
55
Sale
67% Sale
53
Sale
78
101)
61
Sale

70

78

Mar.
4
Mar. 28
Mar.

76
75
58

82

100

78

Sale

72

76

Convert 4 )4s

Conv g

78

73

72)4

Registered...........

Bangor 8c Aroostoos KK
Con ref mtgo gold «•

89
34%
Sale

83% Feb. 23

78
Feb.
67% Jan.
71
Feb.

75%

75%
70%
84%
25%
87%

80

90

Bait 8t Ohio 1st g 4s

79

79

...

Conv deb gold

00%
90

73

Conv g 4a of

Conv g 4s of

78

72

Sale

72

Mar. 31

87

55

Sale

55

Mar. 29

74
71

Sale
Sale
Sale

71

Mar. 30

71% Mar. 11
96% Mar. 10
79% Mar. 9
Mar.
3
80
82% Mar. 10

53

Sale

51

Mar. 29

60

Mar.

53

Sale

53

Mar. 31

71

38% Mar. 26

57

Mar.

88% Sale
61

41% Sale
85
101%
59

60

88% Mar. 29
61
Mar. 30
74

60

Mar. 31

Mar. 30

86% Mar.

Jan.
Mar.
Jan.
Mar.

7

69

Jan.
Jan.

9

70
50

Mar. 12

53

Mar. 31

9

66% Mar. 18

8

9
71% Mar. 11
96% Mar. 10
87

88% Feb.
61
Mar. 30,

Jan.

9

Mar.

81

Mar.

79%

Mar.

80

5, 82%
6

62
71

Mar.

9
3

Mar. 10
Jan.

26

Mar. 12

Jan. 14
38% Mar. 26 59
Jan. 23
5
88
81
Jan.
60
Jan.
5, 66% Mar. 18

N. Y. STOCK
Sales in
March.

Price
2
1932.

BONDS

Value.

N. Y. STOCK EXCHANGE.

Battle Greek 9c Sturflla flu 3a
1989
10 Beech Creek lat flu 4a.
...1936
Second fluar gold 5a..........1936
Beech Creek Extern lat A 314a.. .1951
--—Belridere Del cona fltd fl 314a
1943
Blfl Sandy Ry lat fluar 4a
..1944
61,000.Boston 3c Maine 1st 5a A C_.__-.1967
18.000
1st mortgage R» ««»Hes 2
1955
57.0001
lat fl 414a aerlea JJ
.1961
19,000 Boeton ANY Air Line lat flu 4e.l956

A

O

80
69 Vi
70
65 Vi

F

A

55 Vi

J

M S

MN

-

....

fl 4s

1949

...

J

J

D

General 4a..
Cent Pac 1st ref flu fl 4a

83
42
70

Guar 5a.

Sale

75
59
87
Sale

96Vi

Sale

81

Sale

77 Vi
76
Sale

80 Vi

Sale

81 %
75

Sale

72%

80

92

9354

95

Sale
9954
84

61

65

15Vi
.....

66Vi

77

8434
84 Vi
8434
81
78 Vi
78 Vi
98 Vi
98 Vi

91V4
60%
75 Vi
85 Vi
77 V4

Sale

92% Mar. 10

85% Jan.
67% Jan.

29
5

88% Jan. 20
78% Mar. 9
77
Feb. 26

68

Mar. 31

78% Mar.

Mar. 24
Mar. 29

Mar. 9
Mar. 11
Mar. 14

65

5

87

58% Mar.
89%
48%
80

85

80%
79%
Sale
79%
Sale
86%
Sale
85%
86%
Sale
Sale
82%
Sale
80%
Sale
80%
Sale
98%
L00%
Sale
92% 91%
Sale
60%
84
72%
88
81%
75
Sale
73
Sale

92%
51%
Sale
87

Sale
Sale
80
Sale
Sale
87%
84
Sale
Sale
Sale
Sale
93%
Sale
77
Sale

2

87% Mar.

7

90

Mar.

57

Mar. 17

49
80

Mar. 28
Mar. 23

77

Mar.

78

Mar.

Mar.
Mar.
Mar.

Mar.

75

Mar.

73

Mar.

Mar.

39

20

88

90
87

90

95

89

§5%

88%

87

Mar.

40

45

42

Mar.

86

Sale
35

97V
MN

60
30

J

96

J

.....

67
40

Sale
98

40%

80

90
88
97 Vi
81 Vi

97 Vi
76

Sale

67
68 Vi

Sale

81

67 n

ft*

Jan.

80% Jan.
81
75

Jan.
Jan.

73

4 Jan.

Jan.

2

57% Feb.

13
6
8

92

Jan.

Mar.

85

8
8
8

83% Mar.
83% Mar.

75% Feb. 10

83

Mar.

88% Mar. 14

18
2
5

91% Jan.

8
8
8

Mar.

90
90

Mar.
7
Mar. 11
7
Mar. 10
Mar. 12

18*

Mar.

Jan.

4

P

77% Jan.
70% Jan.

5
5

Mar.

7

83% Mar.

7
9

65

81
88

Jan.
Feb.

4

80

2

21

Feb.

90

Mar. 10
Mar. 10

86

Feb.

90

85

Jan.

19
5

94

Mar. 10
Jan. 29

2

Mar. 17

40

Jan.

5

47

Mar. 16

68% Feb. 11 r81

53% Mar. 8
31% Mar. 17

2
2

91

47
Mar. 16 r81

35

60

Mar. 12
Mar.
7

80

64
20

75

50

8

2
18
23

9

32

37

8

83% Mar.
82% Mar.

Mar.

34

75
64

Mar.

5

§3%

29%

79%
10134

5
4

80

r81
68%
48% Sale
48% Mar. 31
15
Mar. 15
30% 30
22
25% 24% Mar. 29

50
63
36 Vi

89% Mar. 11

Jan.

7

50
38

95

Mar.
5
Jan. 11

61

83% Mar. 16

Mar.

40

O

25 Vi

25Vi

A

40
4
79% Feb. 24

Mar. 14

77

88

Mar.

Sale

75
90

11

72% Jan.
73% Jan.
72% Jan.

8
8
8
8

694

60% Mar.
76% Mar.
81

Jan.
Jan.

70% Feb. 26

Mar. 11

if*

Mar.

78%
98%
98%
91%

Mar. 29
51% Jan.
4

Mar.
Mar.
Mar.
Mar.

Mar.
8
Mar. 14
Mar. 8
83% Mar. 8
83% Mar. 8
99% Mar. 7
102
Mar. 11
93% Mar. 7
Mar. 10

Mar.

84% Mar.
81

Mar. 24

83
83
82
90
90

83% Mar.
84

83% Mar. 16

68

89 V

84% Mar.
78% Mar.
78% Mar.

20

"38 Vi "42"

9

77
74
75

97Vi

7434

49

90

60
72 Vi
95

J

M

99 Vi

—

32

Mar.

3

44

Feb.

Mar.

10

Mar. 17
Mar. 16

16

55

Jan.

14

25% Jan.
2
24% Mar. 29

41

Jan.

38

Jan.

13
14

75

69%
Sale

11"
91

92

50% Mar. 31
65
39

Mar. 2
Mar. 30

89% Mar.
87% Mar.

7
7

50% Mar. 31

50% Mar. 31

50% Mar. 31

73

62
39

73

Mar. 12

46% Mar.

8

94

Mar. 14

90

Mar. 10

Sale

77% Mar. 31

85

Mar.

72% Mar. 16
% Mar. 3

72% Mar. 16

8

Jan.
7
Mar. 30

7
7

50
98
94

Feb. 17
Jan.
2

76
85

89% Mar.
87% Mar.
76

90

74

7634
...

76

Mar. 12
Jan. 15
Jan.

16

Jan.

12

Feb.

17
8

Mar.

79%
76%

"

79

Mar. 10

72% Mar. 16

77% Feb.
3
79
Mar. 10

66

Feb.

8

99

Jan.

4 103

95

99 Vi 100% 100%

Sale

85

Sale

Sale

8*

"93"

Sale

8

82%

Sale

8

90
80
80

~42 Vi

J

40

Mar.

Sale

J

79 Vi

83

.....

.....

......

J

2 103

Mar.

9

91

Mar.

8

Mar. 11

J

Jan.

8

93% Jan.

11

Registered....

....

8

F

A

88
85 Vi

F

A

95%

191*666

Registered
Sec. flold 4 Via series A
Convertible flold 4Via

83
85

Feb. 20
Mar. 11

85

Mar. 31

86% Mar. 11

95

80

Mar. 16

81% Mar. 16 a75

70

Sale

70

Mar. 31

79

Mar. 14

99%

85

42% Mar. 28
Mar. 4

48

Mar. 11

40

9

40

Jan.
Jan.

80% Mar. 24

84

Mar. 11

79

Feb.

89 V

Mar. 11

86~" Janl"l2 "89% Mar."II

Sale

99%

86% Mar. 11
99% Jan. 13

75% Jan.
99% Jan.

87

44

70

Jan.
Mar. 31

81% Mar. 16
Mar. 14

79

99%
Sale

45

Sale

47% Mar.

48

Mar. 11

47% Mar.

9

"75"
79%

81%

90

88% Sale
84% Sale

93
97

95%

84

80

81

Sale

15

16

J

J

50 Vi

90

J

J

55

51
42

1947 J

J

23
20 Vi

~

84

M S

90
Sale

1966 MN

1966 J

D

F

A

86%
84%
98%
60%
10%
82%
46%
53%

Sale
87
Sale
68
Sale
Sale
Sale
60

91
32%
33

54

30
31
36

Sale

85
Sale
90

J

J

J

MN

86

Mar. 28

3

Mar. 11

84

1

88 V

Mar. 15

82% Feb. 16

Mar.

1

88

Mar. 12

83

Feb.

96% Mar.

2

99

Mar. 11

93

Feb.

65

Jan.

84% Mar.
84

Mar. 26

9
9
16

88%
88%
99%
70%
16%

Mar.
Mar.
Mar.
Feb.
Jan.
87
Mar.
56% Jan.
60
Mar.
50
Mar.

15
12
11
29
28

50

42

Mar. 26

65

10% Mar. 31
82% Mar. 31

12

Mar.

87

Mar. 10

60

Mar. 28
Mar.
8

60

60

50

Mar.

8

50

38

35

2
2
9

37% Mar. 29
39% Mar. 19
80
Mar.
9

14

42

Feb. 24

36

Mar.
Mar.
Mar.

24% Jan.

39

28

Jan.

25

80

Mar.

9

40
80

Jan. 14
Mar. 9

60
59
50 Vi
62
60
60

Mar. 29

8

57% Jan.

5

66% Mar.

71

58
72

65

46

54% Mar.

35"
40

w*
29

95

82

62

60% Sale

60% Sale

60

71

52

57

53% Mar.

2

58

Mar.

1

72

Sale
64
65

34 Vi Sale
8% Sale

6434
65
69
38

9%

Mar.
Mar.

7

10% Mar. 31
80

Feb. 10
Mar. 28

lj

46

8
8

50% Feb. 29
47
Feb. 24

10

14
8
8

31

J

1969 J
1989 J
1989
1989
1989 J
1989 J

30

J

1956 J

96Vi

'85% "I-I

80

11

85

5334
Sale
67Vi

85

95

Sale

65% Sale
65

70
72

64

66%- Mar. 29

66% Mar.

Mar. 18
Mar. 12

71% Mar. 16
72
Mar. 5
39% Mar. 2
10% Mar. 3

51

62

Jan.
Jan.

2

71% Mar. 16

58% Jan.
59

Jan.

Sale

66

Sale

28% Sale
6% Sale

66Vi Mar. 17
29% Mar. 31
6% Mar. 31

51

57%

57

Mar. 21

61

Mar. 14

56

Jan.

63
62

Mar.
1
Mar. 26
Mar. 30
Mar. 3

67% Mar. 15

60
62

53 %

81

61 Vi
61 Vi

67

58 Vi

65

79 Vi

72

68%
75%

57

60

62
80

72

71%
6334

75
80

75

77

65

77

77

73
70

80

61%

Jan.
Jan.

14
13

11% Feb.

1

73

Feb.

72

Sale

8

Mar. 18
Mar. 12

28% Mar. 31
6% Mar. 31

42

5

61

Feb. 29

70
70
72
83

Jan.

Mar.
Jan.
Jan.

85

Mar.

Jan.

75
87
57
46
46
39
80

Jan.

73

Q F

MN
MN
MN
M N
M N
M 8
J D
V D
J D
MN
J J
J
J
...1934 A O
A O
.1952 M S
1960 M N

Refunding gold 4a

Jan.

Mar. 28

77

95

85
47 Vi
45 Vi

76
49

....

Feb.

77

80

75

A O

1987 MN

970",000

83
84

80

M N

No West flen 3 Via........ 1487

General 4a

86" :::::

M

Jan 1 3600 A O

Conv adj 5s

a84% Mar.

Sale

87

80

MN

1975

a84% Mar. 30

J

J

91

77
70

45

.1949 J

0 111 D1t 3 Vie

85

80%

103

J

1950

5,000
Stpd non-payt Fed lnc tax.. 1987
Stpd flen 4V4a non-pay lnc tax.1987
1,000
Gen 5s atpd oon pay lnc tax..1987
30,000
Sinking fund deb 5a.
1933
83,000
Registered
2,000
15-year secured 4Via..Mar 1 1936
165,000
lat A ref fl 5a
28,000
May 3037
Stpd 1st A ref 4*ia
85,000
May
3037
lat A ref 4 Via aer C__._._..May 2037
111,000
Conv 4H> series A
2,178,000
-.1949
40,000 Chic R I A Pacific flen fl 4a
1988
Refliatered
..........1988

578,000

84 %
96 V4
78 Vi Sale
78% Sale

70%

..1946 J
.....1989 J

fl 4a

36,000
1st A general 5a series A...
10,000
lat A flen 6« aerlea B
May
3,000 Chic Indiana A Sou 50-yr 4a
Chic L S A East lat 4 Via
85,000 Chic Mil A St P flen fl 4a.. May
5,600
Gen fl 3 Via aerlea B___
May
85.000
Gen 4 Vi« series C
May
41.0001
Gen flold 4^s series E..Mar 1
39,000
Gen4% series F
1.027.000 Chic Mllw St P A Pac mtfle 5s

40",666

Sale
Sale

82

53

M

...

Refunding 4a series C...

ac

52

91

1936 J

Illinois Division 4a
...1949
General 4a
1958
1st 9c ref 4 Via series B......
1977
lat 9c ret 5s aerlea A..........1971
Chic 9c E III lat cona fl 6s
1934
Chic 9c K 111 Ry (new co) flen 5s-.1951
Chic 9c Erie lat flold 5a
..1983
Chic Gt Western 1st 50-yr 4a
..1959
Chic Indlanap 9c Loulav ref fl 6a. 1947
Refunding flold 5a....
1947

21,000 Caaic

Sale

46

A

..........1993

con

Refliatered

1.148.0001

25

92% Mar. 10

39

Certtf deposit atpd Oct 1939 int.

9c

Jan.

91

Mar. 22

92

...

85%

90

A

F

O

Chic 9c Alt Ry 1st lien fl 3Via

58,000
170,000
52,000
55,000
1,000
163,000
12,000
450,000
2,000
2,000

68

74 %
75% Sale
68
70%
52
5834
80 V4

MN

1989 J
Warm Sprlnfla Valley 1st fl 5s .1941 M 8
Chic A Alt RR ref fl 3#
...1949 A O

61,000 Chic Burl

85 %
73

DO

3d con flold 4s

21"556

Sale Prices.

1939 MN

R Ac A Div 1st

37,000

Sale Prices.

68
65

96%
56

50

...1939 MN

fl 5s_.

Potta Creek Br lat 4s...

9,000
4,000

Highest.

Sale Prices.

70

92 Vi

94

Ref At Imp 4Via aer A
......1993 A O
»
J
Ref At Imp 4 Via aer B w I
1995
Cralfl Valley 1st fl 5a
May 1940 i

162,000

70

85

1954 A

Refliatered
General flold 4Via
Refliatered

96"555

Lowest

Sale Prices.

Ask

D

...1960 F

Charles At Savannah lat fl 7a

135",5o6

Highest.

Sale
39

Sale

...

cona

Lowest.

71%

Refliatered
Through St L lat flu fl 4a

85,000 Chea Ac Ohio lat

Ask. Bid.

35
67

D

D

.....1949

85,000

Sale

80 Vi
72
72 Vi
74

1987

"5",666

-----

93

...

147,606

RANGE SINCE JAN. 1.

IN MARCH.

March 31

90

-

1938
6,000 Caro Clinch 9c Ohio 1st 5a
1st 8c con fl 6a aerlea A.Dec 15 1953
12,000
Carthafle Ac Adlr lat flu fl 4a.—1981
17',006 Cent Br Un Pac lat fl 4a...
1948
1,000 Cent of Ga Ry lat fl 5s
Not. 1945
Conaol flold 5s
60,000
—1945
Ref Ac flen SVia series B
5,000
...1959
Ref Ac flen 5a aerlea C
90,000
....1959
Chat D1t pur money fl 4s
1951
Mac Ac Nor D1t lat fl 5s.......1946
Middle Ga Ac Atl D1t pur m 5S..1947
Mobile Dl? 1st fl 5a
1,000
1946
151,000 Cent N E lat fluar 4a
1961
7,000 Cen RR Ac Bkfl of Ga col tr fl 5e..l937
105,000 Central of N J flen fl 5a
1987
i 16,000
Refltatered

Bid.

•

55 %

Brunsw 5c Western lat flu fl 4a...1938
7,000 Buff Roch 5c Pitta flen 5a
1937 M S
126,000) Conaol 4%«_...1957 MN
56,000. Burl Ced Rap 5c Nor 5c Col ta lat 5a '34 A O
I
11,000 Canada Sou con flu 5c col tr 5a..1963 A O
113,000,Canadian Nat fluar 4%a.Sept 13 1954 M S
151,000
4H«
1W7 J J
D
Gold 4Via
229,000
1968
J
Guaranteed flold 5«
198,000
July 1969
O
Guaranteed fl 5a..........Oct 1969
199,000
A
Guaranteed fl 5s_._.
1970
38,000
D
Guar flold 494a......June 15 1955
20,000
A
Guar fl 4Via
200
...1956
M S
Guar fl 4Vis
236,000
1951
...1940 J D
455,000 Canadian No deb a f 7a...
239,000
35-year deb a f fluar 6Via
1946 J J
33,000
10-year flold 4Via
Feb. 15 1935 F A
J
J
623,000 Canadian Pac 4% dab stock..
Collateral trust flout
59.000
1946 M S
58 equip tr temp ctfa
57,000
1944 J J
Collateral trust fl 5a
225,000
1954 J D
Collateral trust 4Vis
122,000
-—-.1960 J J
...

Ask
70

March 1.

96%

J

cons

PRICES

Jan

Bid.

CaroCent lat

21

EXCHANGE-BONDS

63
62

Sale

76% Sale

80
80 Vi
43 Vi
39
38

Sale
50

81

1

72

Mar.

3

72

80% Mar.

2

84% Mar. 12

Sale

Sale

76% Mar.

80
Sale

33
35

45% Sale
41% Sale
41% Sale

35 ~

30 Vi Sale

29

Sale

22

Sale
38
Sale

6734

72%
63%

75

65

68

60

50

73
Sale

54%
54%
a48% Sale

40

44

81
95%

70

60
59 Vi

Sale
44

71
73 Vi
Sale

49

50

37

Sale

64

Sale

Mar. 14
Mar. 30
Mar. 7
Mar. 9
Mar. 3

65
72
80
85

30

27% Sale

67

62
60
75
33
35

Mar.

Feb.
Mar.
Mar.
Mar.
Mar.

50

Mar. 10

43%
43%
34%
75%

Mar.

68

31
29
30
31
Mar. 28

50

Mar. 31

69

Mar.

433
271

Mar. 30

57

Mar, 11

Mar. 31

44% Mar..

9

43% Mar. 30
27% Mar. 31

Mar.

2

46

35
22

Mar.
Mar.
Mar.
Mar.

7

Mar. 5
Mar. 9
Mar. 14
5

35
22

65% Feb.
50

Mar. 31

Jan.

18
23

Mar. 30

Jan.

23
9
19
15
15

Jan.

14

Jan.
Jan.

14
14
14

Jan.

Jan.

Jan.

Jan.

14

63% Jan.

14

50

Jan.

14

75

Mar. 29

Chic S L A N O—

22,000

June 151951

D

63%

June 15 1951

D

June 15 1951

D

...1951

D

55
47
50

..1932

o

99% 100

Gold 5a

Registered
Gold 3 Via
Mem Dlv 4a
4,000
9,000 Chic St L A Pitta
Registered...

47",606

cona

fl 5s

75
70

D

40

55%
95%
47%
75
50%
72% 50
100
99% 100

27
88

Sale

Sale

s
Income fluar 5a..
33,000
Dec 1 1960
J
63,000 Chic Un Station lat flu 4Via A.. 1963
J
lat 5a aeries B
1963
67,000
D
Guaranteed flold 5s
83,000
1944
J
1st 6 Via series C
38,000
1963
165,000 Chic A West Ind Conaol 50-yr 4a. 1953 J J
lat A ref 5 Via aerlea A.
125,000
1963 M S

30
90
Sale
97
Sale
Sale
Sale

1960

99%
93%

....

"

i~66o

108
70
82
60
90

Choc Okl A Gulf conaol 5a......1552 MN
Cln Ham A Day 3d fl 4 Via
1937 J J
Cln Ind St L A C lat 4a
D adl

1,000 Cln
r

Aug 3 1936 Q F

otornrl

Q

Leb A N lat con flu fl 4a

Cash sale,




a Deferred

65% Mar.

8

75

Mar. 29
Mar, 29 50
Mar, 16 100% Mar. 11

Jan.

4

Feb.
1
45% Jan. 12 59
99% Feb.
100% Mar. 11

o

......

Chic T H A S'eaat lat A ref 5s

81

100
99
Sale
Sale
86
80

28

Mar.

95
108

Mar.
Mar.

69% Mar.
82

Mar.
Mar.

Mar.

34

Mar. 11

26

Mar. 15

4

90

Mar.

4

"98%

"98%

74%

77%

77

16

46
37

_

90
91
85

74

Feb.
Jan.

94
86% Feb.
Mar. 18
101
97% Jan. 22 101
Mar. 12
99
94% Feb. 26 99
4 110%
Jan.
110V Mar. 30 106
73
yoja Mar.
8
79
63% Feb.
68
Jan.
85% Mar. 11
87%

89% Mar.
99% Mar.

90

80

45
34
92

36% Mar.

F

1942 MN

delivery.

85

29%
Sale

Mar. 29

77

Mar. 29

75

Mar. 4
Feb. 15
Jan. 18
Jan. 26

90
95
85

77

Jan.
Jan.
Jan.
Mar.
Mar.

15
14
5
18
12

Mar 30
Jan.

15

Jan.

14

Mar.

4
15
Jan. 18
Mar. 29
Feb.

22

N. Y. STOCK

Sales in

March.
Value.

Price

BONDS
n. y. stock exchange.

Bid.

*a..l943

D

}'*}
I'JJ

7,000
99.000

J

19,000

Ref Ac imp 6a series G
Ref At Imp 5s aerlea D
Ref At lmpt 4 He series E

AskJ.Bid.
944 93

24,000 Cle* Col C Ac Ind gen

974 Sale

97

105
Sale

78

71

70

73

804

93

634 Sale
70
874

M S

1934

J

75

61

85

....

....

80
95

63

Feb,

2

77

Jan.

954 Mar. 13

95

11

99

84

68
62
75

Jan.
Jan.

Jan. 19
Mar. 10
Mar. 14
Jan. 14

644 Mar. 30

96

.....

93

72

100
97
97

604

96

604

102

98

94

784

Coal Rl* Ry lat gu 4a
Colo Ac Southern Ref Ac ext 4 4*-

A

F

O

A

O

A

O

-

A

O

1945 J

D

1935 M N

series A_... 1980 M N

General mtge

Col Ac Hock Valley lat ext g 4a

1948 A O

Col Ac Tol lat ext 4a

1955

Conn Ac Paaaum Riva lat g 4a

1943

954

63
76
67

Del Rl* RR Ac Bdge lat gu g
Den Ac Rio Gr lat cona g 4a.

4a.. 1936
—

F

Ref Ac Imp mtge 5s ser

5,000
2,000
9,000
3,000
15,000
1,000

1947
Detroit Ac Mack lat lien g 4s—..1995
Gold 4a
1995
Detroit River Tunnel 1st gu 4 4s_ 1961
Dul Mlasabe Ac Nor gen 5s.......1941
Dul At Iron Range lat 5a_ .—....1937
Dul So Shore At Atlantic g 5a
1937
East Ry M No Dl* lat g 4s.
1948

90

98

70

Sale
364
40

28

J

O

90

94

Jan.

4 100

Jan.

9

2

Mar.

9

Mar.

2

874 Mar.

80

Mar.

Mar. 21

92

Mar.

85
77
80

974 Mar.
914 Mar.

85

Mar.

Sale

704 Mar. 29

84

Mar.

704 Mar.
884 Jan.

93

Mar.

84
62

924
66

75
70
60
524

Sale

Mar.

3

w*
66

Sale

84

Sale

634 Mar. 28

Mar. 28

704 Mar.

l\^

80

Mar.

80

Mar. 29

59

50

Jan.

8

50

Jan.

60

46

60

50

Jan.

8

574 Feb. 17

Feb.

5

30

80

78
60

Mar. 29

80

Mar. 29

664
Sale

46

664

254 Sale

354

37

34

37

38

40
40

364

39>
394

35

844 Sale
884
994
93

95

894
634
634
314

654
674
Sale

43

Sale
8

224

35
81
89
93

.!?*

98

Sale

964

984

264 Mar. 30

18

Mar.
Mar.

374 Mar. 11
414 Mar. 14

304 Jan.
354 Jan.

35
o83
100

Mar.
Mar.
Mar.

38
87

.....

804
90
984 100
97

Sale
28

89

Feb.

8

95

Feb. 20

53

664 Mar.

56
20

Jan.
4
Jan.
6
Mar. 31
Mar. 30

69
70
38

Jan.
Jan.
Jan.

21
14
14

494 Jan.

14

8

Mar. 30
Mar.

4

35

Mar.

28

434 Mar.
8

Mar.

4

Mar. 21

Mar.

98

Mar.

324 Mar. 10

98)
32)

Mar. 22
Mar. 10

964 Jan. 29
324 Mar. 10

80
Feb.
844 Jan.

864
844

84

87

72

90

84

Mar.

2

87

Mar.

91

Sale
85

90

Mar. 31

95

Mar. 30

59

Sale

55

85

924

Sale"

74
66

50

....

Sale

614 Sale

484 Sale

994 101
464
474

994 100
354 41

J

994 100
41
354 42
38

Ser B_.„.__._1953 A

tm

40

Sale

Sale

394 Sale
61

1957

65

90
85

B .1940
.1940

J
Fla Cent Ac Pen consol gold 6a ..1943 J
35,000 Fla East Coast lat 44*--...1959 J D
40,000
lat Ac ref 5a ser A
1974 M S
2,000
Certificates of deposit.
19,000 Fonda John At Gi gen ref 44*—-1952 M N
10,000
(Amended) 1st cona 44*
.--1982 MN
—

434 Sale
434 Sale
794
92
854
95

30

52
Sale

31

Sale

88
88

68

38

6a.......1955

Genesee Rl* RR 1st a f 6s

46*

85
85

con* 4s Series D....
1953 A
Ref Ac lmpt gold 5a ser 1927 ...1967 M N
Ref Ac imp 5a of 1930
1975 A O

Gen

Erie Ac Plttab gen gu g 34a set
Series C 34a......

a584 Mar. 30

754 Mar.

Mar. 31
Mar.
8

634 Mar.

57

1951 F
A.........1953 A

424

60

'5 "

Sale

354
524
54

55
55
5y
IV.

5

""§"" "15"'

12

10

.....

884 Sale
85
954

61

....

SB
94

124

44

124

20

50
61

274

984

27 4

.....

100

94

95

95

95

85

50

65

994 Mar.

9

58

Mar.

8

Jan.

13

Feb.

29
23

Feb.

32

Mar. 10

15

87

9

95

Mar.
8
Mar. 30

4 a584 Mar. 30
664 Feb. 15
47
Jan.
4
2
484 Jan. 18
9
994 Jan. 29
37
Mar. 29
2
37
Jan.
6
9

3

37
39

Mar. 29
Mar. 31

994 Mar.
484 Mar.
494 Mar.

30
31
86

Mar. 31

46

Mar. 31
Mar.
7

454 Mar. 2
884 Mar. 31

88

Mar. 31

88

Mar. 31

Mar.
Mar.
Mar.
Mar.

Mar.

3

45

55

20

Fort St U D Co 1st g 44*
-19411J J
i"66o Ft Worth Ac Denver City 54*
1961 J D
8,000 laws Elk At Mo V 1st 6a___
1933 A O
1,000 Gal* Houa At Hend lat 5a
1933IA O
2,000 Ga At Ala lat cona 5s.
.Oct. 1945! J
J

Sale

354

7
7
75
93
50
14

25
80
98

—..

674

Sale
70

Mar. 11

Mar. 12
Mar. 11

80

Mar. 31

4
29

Mar. 12

30
25

Mar. 21

97

Feb.

Mar. 11
Feb.
9
Mar.
1

Mar. 11

1

Mar. 22

30" "Mar." 12

Mar. 12

25
80

1

Mar.

Mar.

Mar. 4
Feb. 29

30

65

804

8
4

g 5s 1956 MN

..1965 A O

28
8

Mar.

224
87
34
35

Jan.

95

28

2

14
14

66

Sale

8

Jan.

59

39

2

—

Jan.

Mar. 14-

924 Mar.

100

Sale

664

5 45
18 414
35
Mar. 30' 38
764 Jan.
5 87
824 Jan. 111100

Mar. 12
8
Mar.
Mar. 22
9
Mar.

20

37

40

954

_6i

Mar.

Mar. 28
624 Mar. 17
20
Mar. 31

25

84

Sale
95

21
35
39

68

Registered

8

46

...

Penn coll trust g 4s...

19

Feb.

704 Mar. 12
754 Feb. 29

464

40"

I

19

15
23

93

Mar.
Jan.

Jan.

69

...

67

1996 J

93

7
18

844 Jan.
884 Jan.

754 Feb.

93

1996 J

874 Mar.
1034 Jan.

82

-----

524
524
524
21

87

7

67

...

9
9

if

J

1941 M N

Mar.
Jan.

....

92
85

85

97

....

80

25
80

984

7

764——

82

30

—

Jan.

744 Mar. 16

m:

O

1st consol gen lien 4a—....

Brie At Jersey lat a f

9 100

Sale

92

—

45
89

J

A

30

Mar.

92

104

D

100

A

4s_.

Registered.....

D

J

Mar. 29
Jan. 16

75

4

M N

65

95

25

8

J

61

944

2
M

Mar. 29

744 Mar. 16

J

El Paso Ac S W lat Ac ref 5a

do

107

....

12,000 East Tenn Va Ac Ga cons 1st
5,000 Elgin Joi At East lat g 6a

Do

88

4a....1935

Certificates of deposit

69 yr con* g 4s Ser

35
45

374
774 Sale

.1936

Des Plaines Val 1st guar 44*

Erie 1st con At prior lien

33
35
35

58"" Sale

5s Ahg 1955
B....... ,1978

Des Moines Ac Ft D lat gu g

"56"

204 Sale

A

Den* Ac R Gr West gen

10,000

56

45^ 60

1936

Consol gold 44*

Sale
80

60

454

61

8

80

864 Sale

1956

Non-con* debenture 4a..

::::

794

....

84

71
76
70

Mar.

87

974

30
4
19

Mar. 29

78

%%
85

414

D
128,000 Cuba Northern Ry* lat 5 4*--— 1942
1952
J
43,000 Cuba RR 1st 50-yr g5s
1936
10,000
D
1st At refund 7 He series A
1936
D
17,000
1st lien Ac ref 6s series B
1943 M N
217,000 Del Ac Hud lat 4s tax ex N Y
5,000
1935 A O
20-year convertible 5a
1937 UN
34,000
15-year 5Hi

—.

If*

::::: '824

deb 4a 1954
Non-conv debenture 4s—JAcJ 1955
Non-con* deb 4a...
AAcO 1955

Consolidated Ry non-con*

91

76

A

A

Feb.

98

68,000 Cle* Union Term'!* l«t • f 5 He A. 1972
1973
45,000
lat « t 6 5a aerlea B guar..
1977
46,000
1st a f guar 44a *er C

F

Jan.

97

61
72

98

98

82

MN

Mar. 10

714 Mar. 14

13

96

94

91

—

78

784

88"" -III

J

69

100

81
88

"

734 Mar. 28

Mar. 14
Mar. 28

81

80
75
75

~T,66o

Mar. 15

67

80
61
70
71

75

708,000
4,000

73

61

§6 " iiiii

742,606

Sale Prices.
95
Feb. 25
99
Mar. 10

704

J

5,000
28,000
52,000
91,000

Sale Prices
85
Jan. 15
95
Feb. 19

69
87
75

A O

138",000

Sale Prices.
95
Mar.
2
99
Mar. 10

81

1942
.....1942
—.1948
Series D 34a..
1950
General 44a series A....
1977
19,000 Cle* Short Line lat gu 44*
1961

246,666

Mar. 16
Mar. 29

Sale Prices.

68

75
61
68

Series A gu 4Hs..
Series C gu 3Hs..

17,000
263,000
95,000

JAN. 1.

Highest.

93
97*

784

Series B gu 34*

64,666

SINdE

Lowest.

Highest.

95
76

71

71

J

Aa—1933 A O
Cle* Ac Mahon Valley g 5a
1938 J J
Cle* Ac Marietta 1st gu 44*
1935 MN
Cle* Ac Pitta gen gu 44* ser B..1942 A O

10.666

RANGE

Lowest.

99

70

99

1004
64

1940
1940

6a

con

70

J

Cle* Lor Ac Wheel con lat g

99,000

Ask.

90

97

J

..1977

J
gold 4a. . . -——1939
Cin WAcMDl* 1st g 4s..
1991 J J
St Louis Dl* lat coll trust g 4a.l990 MN

Spring At Col Dl* lat g 4a
W W Val Dl* lat g 4s

2l",660

IN MARCH.

March SI.

92

954

D

Cairo Dl* lat

"moo

Bid.

,

J

C C C At St L gen g 4a
1993
General 5a aerlea B..—.......1993

Clearfield Ac Mahon 1st gtd g

"7",600

J

March 1.

As*.

<

J

J020

-2020

PRICES

Jan. 2
1932.

KhA,

$

5.000 an Union Term 1st 4 H»
1st mtge 5s ser B w 1
401,000

25~,o66

EXCHANGE-BONDS

164
10

30
Mar. 31
31
Mar. 31
,86
Mar. 7
754 Jan. 12
83
Jan. 15

30

7

60

Mar. 29
Mar. 15

r7

94 Mar. 15
74 Mar. 24

17

524 Mar.
5

5

5

26
24
15
23

Jan.

Feb.

Feb. 15
Mar. 3
Mar. . 2
Jan. 29
Jan. 14
Mar. 9

494 Jan.
49
Jan.
93
Jan.
86
Feb.
88
Mar.

14
13
25
13
31

4
26
14
11
23
24

5

424 Jan.

44 4 Feb.

2

60

Jan.

5

4

5
Jan.
7
94 Mar. 15
74 Mar. 24

26

74

664
634
58
994
514
494

Mar.
74 Jan.
64 Jan.
17
Mar.
8
Mar.

8

Mar. 24
Mar.
2
Mar. 10

82

Mar.

90

Mar.

8

65

Mar.

65

7

11

2
7
8
Feb. 26

82
96

Mar.
Mar.

18

Mar.
2
Mar. 10
Mar. 8
Jan. 26

63 ~

Mar. 16

63"

Mar. 16

10

82

82

90

7

834

65
14

Mar.
Mar.
Mar.
Mar.

2

99

8
7

96
65
14

63

Mar. 16

63

Sale

Ga Caro At Nor 1st 5a 1929
Extended at 6% to 1934--.

5,000 Georgia Midland lat 3s
.....1946
Gou* At Oawegatchie lat 5s...
1942
Gr R Ac I ex 1st gu g 44*
1941
342,000 Grand Trunk of Can a f 7a
1940
233,000
15-yer deb g a f 6a guar
1936 M S
Grays Point Term lat gu g 5a ...1947 J

467,000 Gt Nor—Gen 7a Series

..1936

A

Registered..—

114",000
88,000
15,000
71,000
117,000

Greenbrier Ry lat gu g 4a

20,000 Gulf Mob Ac Nor lat 54s
lac mtge gold 5a aeries C
Gulf Ac Ship Island ref 5a

1952

J

J

i

Feb

...1940 MN
1950 A O
1950 A O
J
Feb 1952 J
J
1999 J
J
1999 J
1937 MN

Registered

Sale
89

g 5a

764
684
684
664
20

874 Jan.

Mar.

9

Mar.

7

2 a974 Feb. 29

Sale

884 Sale

884 Mar. 31

964 Mar.

8

884 Mar. 31

834
81
774 Sale
684
75
704 Sale

77

77
78

85
83

Mar.
Mar.

3
9

77

Sale
71
Sale

69

20

984 Jan.

14

m'ooo

Refunding 5s
15-year secured 64a....
40-year 44*
...

—

Cairo Bridge gold 4a

Jan.

9

50

43

Jan.

18
6

39

Jan.

Feb. 10

80

95

86

100

86

93

80

Jan.

9

80
80

91
100

79

Jan.

13
2
2

88

Mar. 23

834 Sale

§34
89

Mar. 31

22

944 Jan.

22

Feb.

29

..?*

904
754 100
90
100
98

91

874

854
96

54

874
40

89
89

74
914
46^
49}

91
Sale

974
83 4
84 4
594 Sale

954 Sale
804 Sale
554 Sale

85

81

81

80

504

Sale

..

80

584

464 Mar. 23

88

Mar. 23

o804 Mar.
874 Mar.

2
2

954 Mar. 31
804 Mar. 31
554 Mar. 29

88

Mar. 11

Mar

.

23

96
89

o804 Mar
874 Mar
944 Jan.
Mar. 21
954 Mar
Mar.
9
80
Jan.

64

Mar. 12

834 Mar. 31
89

Mar. 31

5"

Jan.

9

"50"" Janl"i6
50
30

Jan.
Feb.

21

864 Jan.

20

31 a96
5
89
64

9

Mar. 31

Mar.

9

Mar. 12

Jan.

4

80

—...

53

Jan.

7 a88

Jan.

29

67
56

Jan.
Jan.

15

80

O
O

M

O

50

30

584

8

A

47"" "59"

1953 MN

Sale
314
64
454 Sale

1955 MN

41

MN

1952 J

I

43

65

'514 Sale'

524

Sale'

504 Mar.

3

55

Mar.

5

454 Feb. 16

50
41

Sale

49

Mar.

1

544 Mar.

9

42

41

454 Sale

41

Sale

40
53

Mar. 30

Mar.

7

49

53
65

Sale

65
Sale

584 Sale
65

Sale

Mar. 24

48

584 Mar. 30

J

1966 F

A

§74 Sale"

394 Sale

364 Sale

644 Mar. 1
354 Mar. 17

434 Mar.

D

55

55

56

56

56

.1950 J

Jan.

4

15

67

1936 J

Deferred delivery.

734 Mar. 8
744 Mar. 11

25

70

Purchased lines lat 34a
Coll tr g 4a L N O At T

5

Mar. 28

54

80

A

64

65

42

J

Extended lat g 34*
1951
1st gold 3a sterling
1951
Collateral trust gold 4a.......1952
1st refunding 4s
..—1955

65

714 Jan.
8
644 Mar. 30
64
Jan.
4

55

J

104,000
86,000

56
20

73

774 Mar. 1
734 Mar. S
744 Mar. 11

61

57

A

734 Mar. 18
644 Mar. 30

31

1957 A O
1951

644

494

498,000

1951

73

57

94

824 Sale

-

78

68

85
Jan. 11
85
Jan. 14
784 Feb. 26

45

lat gu g 5a redeem
..1933 M N
183,000 Hudson At Manhat 1st At ref 5a A. 1957 F A

Registered.

724

Mar. 31
Jan.
4

75

.....

Illinois Central lat g 4s.

Mar. 31
Mar. 28

38

1933 M N

Adjust Income 5a........Feb

65

Sale

53

.....




7
Mar. 10

47

J

a

Mar.

Mar. 9 a90
99
924 Jan. 14

o90

40

824
784

954

J

Caah sale,

9

49

1937 J

r

95

Mar.

44

1937 J

3I606

35,000
110,000
671,000
2,000

Sale

Mar.
9 a90
914 a90
Sale
974 Mar. 21 99
954 Sale
95
Mar.
2
97

344

Houst At Tex C lat g 5s lnt gu
Houa Belt Ac Ter 1st 5a

1st gold 34*

96

Mar. 16

—

90
98

65
5

Houst E Ac W Tex lat 5a

"

984 Sale
35

20
94

Feb

Hock Val lat con g 44*

con

944
Sale

83

...1961 J

Gen mtge 5s Ser C...
......1973 J
Gen 44a Series D......
1976 J
Gen 44* aerlea E
1977 J

Housatonic RR

924
874

67

604
95

89

...

lat At refund 44s Ser A
Gen mtge 54* Ser B

Green Bay Ac West deb ctfs A.
Debenture ctfs B

3,000
10,000
2,000

D

61

.....

60

"5", 000

29

70

Mar. 18

72

Mar. 14

4

Mar. 18

"39" ""Feb." *8 "524"JanI"i8
Jan.
6
594 Jan.
7
Jan.
4
Mar. 18

46

584 Mar. 30
824 Jan. 15

34
56

52

Jan.

56

Mar. 18

14

Sales in
March.

BONDS

Value.

N. T. STOCK EXCHANGE.

RANGE SINCE JAN. 1.

PRICES IN MARCH.

Price

,

"

33

EXCHANGE—BONDS

N. Y. STOCK

Jan. 2

March 1.

1932.
Bid.

Ask.

March 31.

Ask

Bid.

Bid.

Ask.

Lowest.

Lowest.

Highest.

Highest.
Sale Prices.

Sale Prices.

Sale Prices.

Sale Prices.

Illinois Central (Concluded)

26

Loulav Dlv At Ter A 3%a
1953
Omaha Div 1st g 3s
.......1951
St Lou Dlv Ac Term A 3s
Gold 3%a
-

40

31%

1951

Litchfield Dlv 1st g 3s

2,000

75

74H
74%

1951
1951
1951
1951

S*

i31

-70"

P

55

40

:::::
80

57

31

80

35

v50
.40

78
85

50

41%

43%

1963

38%
75

49

63

85

55

Mar.

4

Mar.

Jan.

55

Mar.

35 %

16

57

Jan.

16

:

.....

80

14
14

80

Ill Cent Ac Chic St L Ac N O—

253,000
69,000

Joint 1st & ref 5s

ser

A

4%a series C
Ind BloomlnAton At W 1st 4s

1940

Ind 111 At la 1st gold 4s
1950
2,000 Indianapolis Ac LouIst 1st Au 4s_1956
Ind Union gen Ac ref 5s A
1965
Gen 8c ret guar 5s ser B
1965
111,000 Internet Ac Gt Nor 1st 6s
1952
45,000
Adj mtge 6a series A..July 1 1952
J
1st mtge gold 5s series B
73,000
...1956 J
J
1st gold 5s series C
47,000
1956 J
30,000 Int Rys of Cent Amer 1st 5s
1972 M N
1st col trust 6s..
23,000
1941 M N
First lien & ref 6%a
3,000
1947 F A
...

1938 J

Iowa Cent 1st gold 5s

99, 000jK C Ft S Ac M ref g 4s
66, jOOKan City South 1st g 3s_.
103, OOOj
Ref Ac Imp 5s
217, 000 Kan City Term 1st 4s
4, 000 Kentucky Central g 4s

1936

J

A

35

Sale

12

Sale

17%
Sale

Sale
Sale

26

Sale

37

28

26

54

Jan.

9

35

Feb.

~

52

Jan.

45" "Mar ."9

45

Mar.

9

45

Mar.

9

45""

Mar.

50% Mar.

4

35

18

35

Mar. 30

12

Mar. 31

O

O

58%
61%
62%
83

70%
65
Sale
77
83%
90
65

1961

37

34%
4%

22%
3%
2%
%
68

92%

50

,7
2%

Mar. 26

Mar.

3

12

Mar. 30
Mar. 31

30

Jan.
Jan.

8
7

28% Mar. 31

50

Jan.

14
14
14

48% Jan.

14

9

Mar.

12", 556

Gen

19,000

J

1937

41% Mar. 10

37

28
5

23

Mar. 29

26

21% Jan.

Mar. 14

% Mar. 15

% Mar. 15
75

Mar.

51

81

51

Mar. 28

2

80

Mar.

9

1997 J

D

1997 J

cons

D

.....2003

4Ha

Sale

50

55

59%

Sale
67%
83%
82%

<11

Sale

62%

Sale

59% Mar.
1
62% Mar. 31

83%

Sale

83

Mar.

85

68

Mar. 29

66%
83

60
—

—

—

—

90

63
—

-

—

cons

A
J

N

M N

30

64

69%
71%

76

79%

70

60

62

70
65

73
75

65

74

75

75
75
76

65

75

69%

95
80

65

54

55

"50"'
61%

53%
63

"57%
62%

O

....1962 MN
gold 6s........1935 A O

99

100

82%
97%

95

86

56

75

75%

90%
75%

94%
82

91

8

69

75

J

99

.1965 A

D
D

1932

...1949 M

Unified gold 4s.
Deb gold 5s

1934 J

1945 M

2,000 I.ouIst At Nashr gold 5s..
Unified gold 4s
130,000

8
D
N

J
8

1937 M N

...1940 J

J

1

9

51

65

5

56% Feb. 25

Mar.

68

Mar. 29

68

Mar. 29

83% Mar. 11

85
.....

75
66

1st Ac ref 4%a aeries C
5s interim rects

63%
74
100

Jan.

70
Jan.
71 % Jan.

16
20

14

87% Jan. 25
68
Mar. 29

98%
81% Sale

77

a75%
99%
47%

85

5

69

Mar. 15

60

Mar.

Mar.

2

7|6

Mar.

9

70% Feb.

90% Mar. 29

87% Jan.

13

90% Mar. 29

Mar.

2

84

Mar. 21

70

Feb.

23

84

Mar. 21

Mar. 31

56

Mar.

9

45

Mar. 31

59

Feb.

49%

55

Mar. 21

57% Mar.

3

48

Jan.

63

Feb. 23

65

61% Mar. 28

65

Jan.

90

Mar. 23
Mar.
7

61

7

90

Mar.

65
90

Mar. 23
Mar. 7

.....

40

90% Mar. 29

105%

66

Sale
87

Mar.

94%
85

Sale
99 h
Sale

97% Mar. 29 100

Mar.

1

§7% Mar."29

86

Mar. 22

88% Mar. 28

82% Jan.

80

93

73

77

98

80

Mar. 18

70% Feb.

80

Mar. 18

95

Mar. 10

90

Jan.

95

Mar. 10

7

78

Mar.

75% Feb.

80

Jan.

82

Sale

82
Mar. 31
75% Mar.
1
99% Mar. 15 100% Mar. 15
48% Mar. 11
37
Mar. 30

82

Mar. 31

98

78

Mar.

7

Atl Knox Ac Cln dlv A 4s

48%

80%

Mar. 24

Feb.

99

Jan.

37

Mar.

50

Feb.

16

Jan.

75

Feb.

1

95

Mar. 28

96

Mar. 24

Manila RR South Lines 1st 4s
1st ext 4s

1939 M N

Manlto S W Colonls A 5s
Man G B At NW 1st gu 3Hs

1934 I

D

1941 J

95

Mar. 28

96

85

85

Mar.

1

88% Mar.

80% Mar.

2

84

Mar. 10

Mar. 29

78

Mar. 11

70

Mar. 30

75% Mar. 14

64

80% Mar.
55% Mar.

70% Jan.

4

45

Jan.

81

Feb.

26
3

74% Jan.

9

78% Feb. 13
Jan.

8

73% Jan.
71% Jan.

12
13

Feb.

8

78%

66%

52

'¥

88% Mar. 9
82% Jan. 15
Mar. 10

84

78
Mar. 11
75% Mar. 14

94

87
80% Mar.
62% o51% Mar.

8
8

80% Mar.
55% Mar.

8
8
3

81

Feb.

18

81

Mar. 10

*60%

64%
97%

52%

64%
81

62%

51

Feb.

16

64

Feb. 20

60

52

Jan.

4

52

Jan.

4

70% Mar. 30

70% Mar. 30

77

Jan.

7

75

Jan.

11

71% Mar.

71% Mar.

79

Mar. 10

81

Mar. 10

J

Mex Internat

80

100% Mar. 15

97

81

81

69%

1955 M N
1934 J

80%
62%

22

73

90

95

Feb.

73

99% 100%
38% Sale

6<V

95

'70%

18

Feb.

Mar. 18

93% Mar. 31

75

70

9

Sale
83

82

Sale

Feb.

88% Mar. 28

72

97%

79% Feb. 19
101

93%
78%

70

85

69

62%

7

79% Feb. 19

90

98

"84"

Sale

.....

8

...

100

90

90

4
12

83

83%

"70% "79%

83% Mar. 11
69
Mar. 15
76
Mar. 9

5

70

75

90
.....

80

1941

Paducah At Mem Di? 4s.......194s
St Louis Di? 2d gold 3a
1980

9

45

85

Sale

60

4

85

85
90

Jan.

Mar.

Sale

86%

74%

2003

Mahon Goal RR 1st 5s

1977

1st 4s asstd

1st gold 3Hs
Ref & Imp 4Ha aeries C

Midland of N J 1st ext 5s

J

1959 M N

Mich Cent Mich Air Line 1st 4s..1940 J
Jack L Ac S gold 3Hs
1951 M

1940 A

50
59

70

J

77
95

O

1934 J

Cons ext 4Hs (1884)
Mil Spar At N W 1st gu 4s
Mllw Ac State Line 1st guar

D

75
90

1934 J

...

D

68

72
.....

98

8

1947 M

3Hs—1941 J

.....

82
90

60

55

3

2

ext 5s series A
......1962 Q
Certificates of deposit....
Q

F

15

M

St

P

Ac

S

S

M

1st Chic Term

a

At

Cent

f 4a

J

39

42%

48"

J

13%

29

8

22%

20

22

20

J

1941

37

45

60

MN
J

J
J
D

Prior lien 5s series A.........1962 J

J

78%

40-year 4s series B__

5

Mar. 18

5

5

Mar. 18

5

Mar. 18

5

Mar. 18

47% Mar. 1
31% Mar. 18
51% Mar. 9

38

Sale
61

*

11

8

71% Mar.

8

Mar.

1% Jan.

3
8

29

Mar. 18
Mar. 18
Jan.

2% Mar. 22
6
Feb. 10
2% Jan.

8

8

5

5

26 a50

:ri

Jan.

Mar. 18

27

Mar. 28

39

Feb.

14
16

40

Mar. 22

51% Jan.

18

Mar. 24

21

Jan.

29

Mar. 18

20

Jan.

5

65% Mar. 11

45

Jan.

5

76

Jan.

Sale

43
27

Mar. 28

45

40

Mar. 22

21

26

21

Mar. 24

21

Sale

20

Mar.

1

31

1962 J

60

Sale

60

Mar. 17

26

Mar. 17 r36% Mar.

Jan.

22% Jan. 29
Mar. 18
65% Mar. 11

31

J

30

Sale

71% Mar. 29

74% Mar.

62%

67%

70

65%, Sale

64% Mar. 30

77% Mar. 11

61
Mar. 26
62% Mar. 30
36% Mar. 29

68

68

1st At refund 5s series A......1965 F

A

..1975 M

8

1st Ac ref 5s series F.......... 1977 M 8
1st Ac ref g 5s ser G_.
.1978 MN

1949 M N
1980
1981

Mo Pac 3d 7s sxt at 4%
July 1938
Mobile At Birm prior lien g 5s ...1945
Small

AS
"N

i

1945 J

J

J

J

Small..

76
25

Sale

Jan

.....

73

56

47%

51% Sale

85

72

delivery.

82%

066

79
Sale

65
54

Sale

40

54%
33%
53%

Sale
Sale
Sale

37% Sale
20% Sale
Sale
36 J

65%

62%
65%
Sale

34

Sale

50%

Sale

49

Sale

53

Sale

38

Sale

32%
48%
50%

Sale
Sale
Sale

39%
53%

Sale
Sale

19

Sale

36

Sale

53

Sale
79

36%
53%

Sale
93%

57
95

51

95

60

95

30

80
70

90

75

::::: "75"

.....




5

26
39%
72% Sale

52

Deferred

5

72

42

a

Mar.
8
Mar. 16

5

Sale

40%

2% Feb.

2

68

J

Cash sale,

2% Mar. 22

Mar.
8
Mar. 16
Mar. 18

5
2

45

O

r

2% Mar. 22

2
7

80

1967 A

Mortgage gold 4s

5
10

20

49%
29

.Tan.

69%

45

Sale

8

52

1978 J

5Hs...

8

72
29

Missour-Kansas-Tsxas RR—

1st ref gold 5s series H
1st Ac ref 5s ser I

75

71% Mar.

27

47%

33%
50

J

Convertible gold

1%
%

14

45

J

General 4s..

2%

67%

Term

,

Mississippi Cent 1st 5s
1949
7,000 Missouri-Illinois RR 1st As ser A. 1959
49,000 Mo Kan Ac Tex 1st g 4s.........1990

Pr Hen mtge 4H* ser D
Cum adjust 5s series A
Missouri Pacific RR Co—

42

14

7%

8%

J

70% Mar. 30

90
98

7%
7%

J

82

90

4

1938 J
105,000 M St P At S S M 4s stpd...
1st cons 5s
.1938 J
17,000
1st cons 5s gtd as to int
...1938 J
39,000
1st At ref 6s series A..........1946 J
6,000
25-year g 5 Ha
1949 H
84,000
1st ref 5Hs series B
1978 J
33,000

.....

76%
69%

7%
7%

F

,

85

8

Ref At

70%
55%
70%

67%

1949 M

1st Ac refund gold 44

97

42

J

1,000 Minn At St L 1st cons gold 5s ...1934 MN
MN
Temp ctfs of deposit.......
1,000

.....

99%

70%
55%
76

62
60

100

S

1953 MN
J
..1979 J

Mil At Nor 1st ext 4Hs (1880)

158,000

70

90

QR

101%
40% Sale
71%
75

65

60

73

75% Mar. 29

90%

79

1945 M S
South Ry Joint Monon 4s.....1952 J
J

1,435,000
1,204,000
608,000
2,484,000
252,000
1,324,000

Mar. 28

63% Mar.

81

1st Ac ref 5Hs eerle.i A........2063
1st Ac ref 5s series B
2003

Mob At Montg 1st g 4%a

65,000
127,000
58,000
156,000

5% Feb. 13
3% Jan. 11
% Mar. 15
80
Mar. 9

68% Mar. 11 a61% Jan.
6
80
Feb. 10
85% Mar. 9

Registered

"

4

3% Jan. 11
% Mar. 15
75
Mar. 2

45

70
Sale
Q2

84
87
98

lou Ac Jeff Bridge gu A 4s

5,000
19,000

26

76

91

92

-••••-

1,000
20-year deb 5s
1937 M
42,000
Guar ref gold 4s
1949 M
4,000
N Sh Bch 1st cons gu 5s. Oct. 1932 Q
589,000 Louisiana Ac Ark 1st 5s series A..1969 J

2,000

Jan.' 28

5

75

80
60
47

1945 M S

Gold 4s

6,000.

9

12

64

92

1941 A O

2,000 Long Island gen g 4s._..........1938

1,000

Jan.

Jan.

50% Jan.

90

92

2003 M N

...

Lex Ac East 1st gu 5a
Little Miami gen 4s series A

12,000

Mar. 31

75

59%

30

M N

Gen con»ol 5s

17,000

28% Mar. 22

3

7
1%

92

J

1941

1,000 Leh V Ter Ry 1st gu g 5s
Lehigh Ac N Y 1st gu g 4s

"3",000

Mar. 26

41

Mar. 31

30

Registered

46,000
38,000

30

28% Mar. 22
37

34

60

1961

1954 F
1,000 Leb Vail Harbor Term 1st 5s
15,000 Leh V (N Y) 1st gu g 4He....... 1940 J
25,000 Leb Val (Pa) gen con A 4s
2003 M

35",666

9

43% Mar.
43% Mar.

Sale

29%

80

9?*

38% Mar. 30

Mar.

30

40%
36%

3%
2%

5

46

28% Mar. 31

40

3%

47% Mar.

Mar. 29

28% Sale

50
Sale

Mar. 30

38

95

40

40

38£

85

72%
85

Sale

15

§?*

39%
98%

75

95

40

36%
30%

75

Sale

J

*

9,000 Lake E Ac W 1st gold 5s
2nd gold 5s
8,000
21,000 Lake Shore Ac Mich Sou g 3%a
Registered

5,000

19

Sale

D

1960

Plain

33.000

Sale

39
37

45

48

46 %

1987

Stamped.....

l85

Sale
Sale
98%
83%

111

17
37

D

1950 A O
J
ApriU950 J

Kentucky At Ind Term 4%a

2,000 Long Dock

69

it's

Kal Alleghan Ac G R 1st gu g 5a..1938 J
Kanawha (c Mich 1st gu g 4s
1990 A

94

47%
43%
75%

95

2%

Certificates of deposit
1st Ac ref 4s...
5,000
1951
10,000 James Franklin Ac Clearf 1st 4s..1959

...

4

4

85

41

4

55

57

Mar.

78

40

79
75

1943

Sprlngf DIt 1st A 3%a
Western Lines 1st A 4s
Registered

55

37% Mar. 31
20
Mar. 31
35
Mar. 31
35% Mar. 31
19
Mar. 31
36
Mar. 31
36% Mar. 31

Mar.

8
8

2

26

9
Mar. 17

71% Feb.
62

80

Jan.

6
4

52% Jan.

Jan.

Jan.

6

Feb.

26

68

Jan.

42

80
79

15

Mar.

2

69% Mar. 14

55% Jan.

59

Mar.

9

3§% Mar. 29

60

Jan.

14

37% Mar. 31

63% Jan.
41% Jan.

13
14

60

Jan.

13

60

4

69% Mar. 14

55

Mar.

3

35%
53%
53%
40%
53%

Mar.
Mar.
Mar.
Mar.

3

20

1
1

35

Jan.

14

19

Mar. 31

46% Jan.

28

Mar.

3
1

36

Mar. 31

60

Jan.

14

54

Mar.

3

36% Mar. 31

60

Jan.

13

Mar. 31
Mar. 31

35% Mar. 31

Sales in

N.

1932.

Bid.

1938

Mobile Ac Ohio gen Hold 4a

85,000
57,000

M

S

Montgomery Div lat g 5a......1947 F A
Refunding Ac Improv't 4%s —1977 M S

.....1938

M S

1991
Mont Cent lat gu g 4s........—1937
lat guar gold 5a..
.........1937
2000
26,000 Morria At Essex lat gu 3%s
Constr M 5a

aer

A

1

w

4a

15

52

12 X
10

J

J
J

D

1955

...

MN

1978 F A
1937 F A

Nashville Chat Ac St L lat 4a

Nash Fla Ac Sheff lat gu g 5s

74%
Sale
20
75 %
97

22

52
Sale

19% Sale
75%

66

95
95

*70"" Sale"

24%

74%

18"

71X Sale

94

94

Lowest.

Highest.

Lowest.

Highest.

Sate Prices.

Sale Prices.

Sale Prices.

Sale Prices.

March 31.

Ask. Bid.

Bid.

J

....1955 MN

...

Constr M4H» aer B w I

2,000

J

March 1.

Ask.

M S

Sec 5% notea
Mohawk Ac Mai lat gu g

RANGE SINCE JAN. 1.

Jan. 2

EXCHANGE.

Y. STOCK

PRICES IN MARCH.

Price

BONDS

March.

Value.

EXCHANGE—BONDS

N. Y. STOCK

24

Ask.

52
74%
10% Jan,

6

23% Jan.

28

28

75%

72

Jan.
Feb.

4

55

11

82

84
95

90

Jan.

8

69
86

Jan.

8

Feb.

15

86

70

Feb.

12

79

13

15

.....

72
.——

Sale
22

73%
94

70

82

78%

89%

79%

75
94%

56

73

54%
87%

72%
96

Mar. 31

71% Mar.

2

18% Mar.
23

1

Mar. 11

73% Mar.

8

.L

90

56%

13

18% Mar. 19

.

88

70% Mar. 11

70% Mar. 11

15

70% Mar. 11

Jan,

27

75% Jan.

4

90

8

Jan.

73% Mar.

8
Feb. 15
Feb. 13

70% Mar. 11

National Ry of Mexico—

4Ha—..1957
No 3 on

Prior Hen 50-year a f
Assent

cash

1977

Sale

2

recta

wart

Guar 4a Apr 1914 coupon

A

O

.....

10,000

Assent cash

First

cons

receipt

warr

warr

ract Nov

4

6

on

1954 MN
5a.......1945 J J
..1945 J J
.......1984
1952

N J June R gu lat 4a
1,000 N O Ac N East ref 4%s A

J

1953

1
56

85

70

102

1%

IX

1%

5

J

1954

c

First 5s aeries B

A

16

A

24%
30

J

Npt & Cin B gen gu g 4%a
N Y At Bklyn Ac M B cona g 5a...1935

o

1935 MN

86

1998 F

68

A

...............—

34

32

Sale

32

36

35
Sale
97%
94%

1% Mar.

8

2

Mar.

3

1%
75

2

6

1% Jan.

6

1

Feb.

3

2% Jan.

28

Jan.

16

Jan.

16

56% Jan.

28

2

1

74%

89
Sale

40

75

65

Mar. 31
Mar.
4

40

Mar. 31

66

Mar.

4

38%
31

Sale

30%
34
30% Sale
32% Sale

81

89

81

96

30

Mar. 28

31% Mar. 22
30% Mar. 31
31
Mar. 28

36% Mar.

7

Mar.

3
2
2

36

77

78
Sale

Sale

68

Sale

73%

72 %

Sale

72

85%

"86"

65%
89%

35% Mar.
39% Mar.

89

97%
88% Sale
68% Sale

88% Mar. 28
67% Mar. 29

91% Mar. 11
80% Mar. 10

40

Mar. 31

60

Jan.

29

35

Sale

31% Sale
38% Sale

Sale

Jan.

8

28% Jan.
4
31% Mar. 22
Feb.

10

30% Jan.
80
Jan.
94% Jan.
83
Jan.
62% Jan.

2

29

26

21

66

Mar.

4

39% Jan.

18

Jan.

13

39% Jan.
44% Jan.
45
Jan.
82% Feb.
94% Jan.

26
14

Jan.

14

41

14

2
21

6

92

5

80% Mar. 10
Mar.
9
Jan. 21

76

58

Mar. 31

72*

Mar.

58

Mar. 31

72

Sale

58% Sale

58

72

Mar.

58

58

Sale

58

78% Mar. 10

58

Mar. 28
Mar. 31

72

Sale

Mar. 28
Mar. 31

9
9

72%

74

Sale

88

Sale

82

70% Jan.
4
67% Mar. 15
84% Jan.
4
78
Jan.
6
65% Jan. 27

68%
92%
82%
72%

9
Mar. 4
Mar. 10
Mar. 24
Feb. 19

69

81%
66%
68%

Mar. 3
Mar. 15
Mar. 30
Mar. 14

75

90%

72%
67%
87%
80%

70

66

13

70

Mar. 10

72

673
683

O

Sale

76

O

A

1937 A O

St Louia lat g 4a

65

50

89

O

136,000 N Y C AC H R g mtge 3%a
1997
6,000
Registered..
1997
Debenture gold 4s............1934 MN
171,000
J
9,000
39-year deb 4s of 1912
.1942 J
Lake Shore coll g 3H«
19,000
...1998 F A
Registered..
..........1998 F A
"~5~,666 Mich Cent coll g 3 Ha
1998 F A
Registered
1998 F A

6% gold notes.
.......1932
I 2,858,000
319,000
Refunding 5%s aeries A......1974
704,000
Refunding 4%s series C
1978
1,000 NY Connecting lat gu 4Hs A
1953
1st gtd 5s series B............1953
11,000
NY Ac Erie lat ext g 4a
1947
3d ext gold 4Ha
1933
N Y Ac Greenw L guar g 5a..
1947
1,000 N Y Ac Harlem g 3Ha
2000
NY Lack Ac West ref 4Ha B
1973

40

66

IX
85

74%
67%

A
A

2013

37

63%
35

40

28 X

O

1954
1945

..2013

35

35

First 5%s aeries A

......

75

1%
61%
71%
61%

70
Sale

35
65

lat mtge gold 5a aeries C
1956
lat 4Ha aeries D..............1956

130,000 N Y Cent RR conv deb 6a
Conaol 4s series A
202,000
Ref Ac Impt 4 Ha series A
175,000
When issued.
598,000
Ret Ac lmpt 5a Series C
387,000

1

57 X
70%
60%

80

O

Registered..

2

1

2

A

N O Tex Ac Mex non cum lnc 5a .1935

10,000 New Orleans Term 1st 4a...

77,000 N Y Chic AC

1%

—..1951

gold 4s

New England RR cona
Cons guar 4a

36,000
57,000
124,000

Jan.

Jan.

1% Jan.

2

1%

IX

Assenting cash warr rect No 4 on

Naugatuck RR 1st g 4a

78~66O

2%

.....

No S on
Nat RR Max prior lien g 4%s ...1924
Assent

84%

82

Jan.

68%

81
68

65

81

71

66

58

94

79

A

O

24 X

Sale

A

O

....1

82%
66
Mar. 24
70
69
68% a67% Mar. 15

75

Mar.

9

68% Mar, 4
92% Mar. 10
82% Mar. 24
7

69

Mar.

70

Mar. 10

67

Feb.

Mar. 10

71

Feb. 10

Mar.

84%

Sale

73

78% Mar. 31

78

Sale

73

Mar.

1

82

55

Sale

53% Mar.

1

30

Sale

30

Mar. 31

74% Mar. 11
46% Mar. 11

30
88
90

Sale

30

Mar. 31

40

Mar. 10

88

Mar.

8

88

90% Mar.

9

93

Mar.
8
Mar. 17

77

1

77

Mar.

1

O

A

69

58

25

Sale

Sale

F

A

20 X
82

53% Sale
37% Sale
34% Sale

F

A

91

Sale
92

88
90

M S

MN
M

98
91

78%

77 X

.....

72

S

MN

25

MN

70

75%

40

75%

77

Sale

54%

50X

79% Feb.

90% Mar.

85
72

75

Jan.
Feb.

6
10

77
75

.«*#■
Mar.
1
Feb. 10

Mar.

40

73

77

Mar.

1

73

MN

N Y Ac Long Branch gen 4a.....1941 M S
N Y AC N E Boston Ter 1st 4a
1939 M S

"97"

74% Mar. 11
46% Mar. 11
40
Mar. 10
88
Mar.
8
93
Mar. 17

22% Jan.
24% Jan.
19
Jan.

72

60%

79%

N Y New Haven Ac Hartford—

7,000
5,000
3,000
25,000
53,000
1,000
165,000
2,000
51,000
41,000
289,000
43,000

1947 M

B

A

O

51

Non-conv debenture 3%a
1954 A
Non-conv debenture 4a.......1955 J

O

513
563

Non-conv debenture 4a
Non-conv debenture

Convertible debenture 3Ha—1956 J
Convertible debenture 6a

1948 J

Registered
Collateral trust 6a........

1940

lat Ac ref 4%* ser of 1927

Harlem R Ac Pt Chea lat 4a

"Y, 666
106,006

...

Terminal lat gold 5s
N Y Weatchea & Boa lat

------(Norfolk

17,000

J

89

92

91

Sale

83 X

95

90

100

52

56

7OX
60%

72
85

55%
70%
73%

J

D

40

1961 F

77 X

F

A

1932 A
4a
1996 A
Registered..
.....1996 A
Dlv 1st 8c gen g 4a
—1944 J
Pocahontas C At C Joint 4a..—1941 J

44
92

96

X Sale
13%

102 X

'91X Sale
85

O

404,000 Northern Pacific prior lien 4a
1997 Q J
2,000
Registered
1997 Q J
Gen Hen ry A: Id gt 3a....Jan 2047 Q F
149,000
Registered
Jan 2047 Q F
~63~,665 Ref & Impt 4H* Series A..
2047 J J
Ref Ac Impt 6a Series B.......2047
335,000
Ref Ac Impt 5a Series C. ......2047
13,000
Ref Ac Impt 5s Serlea D
38,000
2047
3,000 North Pac Terminal 1st 6a
1933

69

Feb.

3

67

5
Mar. 31

74%

Mar. 12

55

Jan.

61

Mar. 12

Mar.

57
55

61

61

66% Mar.

9

60

Jan.

60

55% Mar.

68

Mar.

9

58

Jan.

6

68

50%

61

58

Mar.

58

Mar. 16

51% Jan.

5

58

Sale

86

Mar.

95

Mar.

9

86

Mar. 29

Mar.

92

Mar. 21

92

91% Mar.

94

Mar.

50%

88

65

80

Sale

11% Sale
JV%
56
"62% "74"
78%

97

70

75
76

66

52%
66

45
83
95

82"

89

§4%

Sale

94%

100

9

57

56

Mar.

59

Sale

66

Mar.

75

Mar. 11
Mar. 10

66% Mar.

9

Mar.
9
Mar. 16
14

95
92

Jan.

Mar. 21

83% Jan.

7

94

Mar.

48

Jan.

5

59

Mar. 11

66

Mar. 31

Mar.

77
83

Jan. 12
Mar. 10

4

Mar. 21

9

Mar.

83

Mar. 10

81

49

Mar.

1

55

Mar. 22

38% Jan.

55

Mar. 22

42% Sale

41

Mar. 16

44

Mar.

Jan.

46

Jan.

22

77% Jan.
54
Jan.

6
15

70%

82%

11%
60
40%

43

5

40

73

35

Mar.

1

45

Mar.

9

77% Jan.
35
Mar.

35

Mar.

4

38

Mar.

8

30% Jan.

70

"25"

30
60

40
98

60

98

57%

58%

45

55%

%I
l40?g
fl90

4

Sale

Sale

89

86%

100%

33

Sale

14% Sale

Mar. 30
62
Mar.
9
Mar. 28 102% Mar. 12

14% Mar. 31

18% Mar.

1

52

Sale
91

ti

91
a89

Sale

Sale

2

Mar. 31

92% Mar. 17
92% Mar. 15

19

39% Jan.
92% Feb.
62
Jan.
2 103
Feb.
11
20% Jan.

28
4

Feb. 15,100% Mar. 23
8
92% Mar. 15
Feb.
81
Jan. 28
92% Mar. 10
6
92% Mar. 15
85% Jan.
80% Feb. 24
6
87
Jan.

100

70

55

82% Mar. 11
75% Mar. 4

Sale

15%
59

76% Sale
70% 75%

76% Mar.
75% Mar.

82% Mar.
75% Mar.

Sale

56

55

Mar.

63

Mar.

69% Mar.
80% Mar.

76

Mar.

90% Mar.

90% Mar.

73
73

78
78

78
78

89
75

59%
70
Sale
Sale

73% Sale

40
78
86

78%
81%
90

96%

74

76
16

J

D

18

F

A

81

90

86%

J

J

78

86

85

29

28^

50
Feb. 26
Mar.
Feb. 19 102% Mar. 28

80

52%
69%

19
2
12
29

104

100

88% Mar.
o89

Jan.
Jan.

96% Jan.
11% Jan.

Mar. 28
40
40
Mar. 28 40
36% 51
102% 102% 102% 102% Mar. 3 102% Mar. 28 101
101%
99%
99% 101% 100% Mar. 23 100% Mar. 23
Sale
Sale
87
Mar. 29
92% Mar. 15 a82%

100%
21%

92

55
100

50

99

100X

72

89

Mar.

81

Sale

51%

69

50

—...

91
86
95

96%
Sale

19%
90
100

75
Feb.
73% Feb.
51% Jan.
54% Feb.

55

66
81
70
70

Sale

77%
72

97%
96%

O

17,000 Ogden Ac Lake Ch lat guar g 4a..1948 J J
Ohio Connecting Ry 1st 4a......1943 M S
Ohio River RR 1st g 5a
1936 J D
General gold 5a..
...1937 A O
27,000 Oregon RR Ac Nav con g 4a.....1946 J D
6,000 Oregon Short Line lat con g 5a.. 1946 J J
J
70,000
Guaranteed con 5a....•
.....1946 J
197,000 Oregon-Wash 1st At ref 4a
J
1961 J




28

53

61

69

Sale

100 X
102 X

8

A

Deferred delivery.

Jan.

Mar. 31

Mar.

Sale

80%

North Cent gen Ac ref 5a A
1974 M
Gen & ref 4%s series A atpd__1974 M

A

70

99% 101X
88
89%

New River 1st gold 6a

2,000 Pacific Coast Co 1st g 5a....
1946
2,000 Pacific RR of Mo 1st ext 4a
1938
4,000
2d extended gold 5a..........1938

56

r67

58

19
8

70

....

23

1938

Mar.
Mar.

5

60

53

Sale

52

& South lat g 5a.......1941 MN

Northern Ry of Calif guar 5a

63

Sale

90
50

51

30%

13

a

56
72%
84

60

31%

A

Cash sale,

58%

78

Norfolk & West Ry 1st con g

r

70
Sale

Sale
43

40

D

5a....1945

74
Sale

92

1942 A
1998 A
1937 J
1937 F
...1940 F
...1943 M N
4H>
1946 J J
1950 A O

Northern Ohio lat guar g

57%
r67

J

O

1954 MN

S.OOt^Norfolk & Western lmpt Ac ext g 6a 1934

17",066

53%

A

1955 J

261,000 Nord Rys extl a f 6Ha
32,000 Norfolk South lat Ac ref 5a A

2,000
96,000

54

N Y Pro* Ac Boston gen 4s
N Y Ac Putnam 1st con guar 4a
N Y Suaq Ac West lat ref g 5a

Second gold 4 4a
General gold 5s

60

51X

June 1992 M S

1st g 4s

62

55
57
64

J

J

1967

69

54%

56

i

......1957 M N

Debenture 4a

65

52

70
58
57
68

....1956 MN

Non-conv debenture 4s

88,000 N Y Ont Ac West
General 4a
69,000

13,000

3Ha--~--1947

47
79
86

78%
85
90
98

Mar.
Mar.

Mar.
Mar.

40

Mar.

5

49% Mar. 12

40

Mar.

90

48%

Jan.

Mar.

5

Mar. 11
Mar.

5
13

8
5

Mar. 11

100% Mar.

100% Mar.

100% Mar.

100% Mar.

63

54% Feb. 13
76

7

49% Mar. 12
90

Jan.

13

Jan.
Jan.
Jan.
Mar.

22
16
13
22

90
Sale
95
Sale

78%

79

18%

20

87

90

94

84%
94%
96%
75%

Mar. 17
Mar. 24
Mar. 16
Mar.
1

85% Mar. 14
Mar,

5

99% Mar.

8

96

83

Mar. 22

19% Mar. 10

19% Mar. 10

90

Mar. 10

90

Mar. 10

a58% Mar. 16

93

Mar. 18

84% Mar. 17 87
94% Mar. 24 99
94% Jan.
2 100
72
Jan.
4 83

19% Mar. 10
85% Feb. 24
Feb. 11

85

19% Mar. 10
Jan. 19
Mar. 18

90

93

N. Y. STOCK
Sales in
March.
Value.

T.

RANGE SINCE JAN. 1.

PRICES IN MARCH.

Price

BONDS
N.

35

EXCHANGE—BONDS

Jan. 2

STOCK EXCHANGE-

M

8

95
*92
96
94

M

S

50

A

O

J

J

F

A

M S

March 31.

Sale

97%
Sale
55

Ask

Bid.

Bid.

95

Ask.

Bid.

$

1,000 Paducah 9c Illinois let • f 4%s..l955
375,000 Parlv-Lyons-Med RR 6s
1958
170,000
Sinking fund ext 17s..
1958
155,000 Paris-Orleans RRExt a f 534*—1968
13,000 Paullata Ry 1st 8c ref 7s
...1943

March 1.

1932.

HA,

80%
91
100% Sale

"99%

Sale

iod

Sale

55

Sale

63

Ask.

104
96

Lowest.

Sale Prices.
Sale Prices.
93
Mar. 29
93
Mar. 29
99
Mar.
2 100% Mar. 21

Sale

102

Sale

51

a94% Mar.

60%

Lowest.

Highest.

Mar.

2 rl04%Mar.

1
6234 Mar. 22

29
9734 Mar. 16
65
Mar. 17

91
98

Jan.
Jan.

88% Jan.

Highest.

|

Prices.
95% Jan. 11
Mar. 21
5rl04%Mar.29
26 97% Mar. 16
Mar. 17
13 65

Sale Prices
93
Mar. 29
4

Sale

10031

41

Jan.

70

Jan.

78% Jan.

14

88

Feb.

92

Jan.

8

Penn Ohio 8c Detroit RR—

1st 8c ref gold 4%s series A
12,000
1977
2,000 Penn RR consol gold 4s....
1943
Consol gold 4s
57,000
.....1948
23,000
Stamped dollar bonds
—1948
Consol 43is Issue of 1915......I960
94,000
General 4Hs Series A
175,000
......1965
General 5s Series B
.......1968
126,000
471,000
15-year secured 634s
—1936
Registered.
—
132",600 40-year 5s_.
1964
Debenture gold 434s...
290,000
1970
General 4%s series D......... 1981
99,000
.......

MN

88

MN

88

MN

73%
9134
Sale
94%

82

76

87%
92%
83

F

A

93%

J

D

79

81%

9334
78%

J

D

88%

9034

88

F

A

98

Sale

100%

F

Sale
Sale

8234
6934
74%

75% Sale
89%
92%

75% Mar.
8934 Mar.

88
88

88
88
93

90

88%

92

77

Mar. 31

89% Mar.

Mar.

90

Mar.

90% Mar.

1

Mar. 11

9

93% Jan. 12
91% Feb. 16
98
Mar. 14
87% Jan. 11
92% Jan. 18
102% Jan. 14

87% Jan.
87

Feb.
Feb.

A

80
66

7634
92%
8934
89%
Sale
Sale
Sale
Sale

MN
A

O

A

O

99%

70% Sale

Sale
Sale
Sale

76

95
Sale

84

Sale

Mar.

98

75% Mar.

91

84

Mar.

99% Mar.

83% Sale

82

65

65

Sale

7534

90

83% Mar. 10

84

99% Sale

7034

Mar. 14

7534 Mar.

Mar. 10

101% Mar. 12

Mar.
2
Mar. 82

73

Mar. 11

7034 Mar. 29

77

Mar.

78
78

78
78

Mar. 15
Mar.
8

86% Mar.

9
5

Feb.

97% Jan.
79
65
70

Feb.
8
Mar. 28
Jan.
2

Jan.

14

74% Jan.

11

79

15

88

Jan.

Pennsylvania Co—
Guar 3 34s coll tr reg ctfs ser
Guar 334s coll tr ctfs ser B

M S
F

A

J

D

87

.....

10,000
6,000

Guar g 334s tr ctfs series
Guar g 334s tr ctfs series

J

D

85

.....

40-year guar

MN

75

MN

70

7634

Sale

7334 Sale

7334 Mar. 31

81% Mar. 11

76% Feb.
70
Jan.

19

Secured gold

93
Sale

78

170,000

O

30

40

50

Sale

52

53

50

Mar.

1

55

Mar. 11

40

Jan.

9

55

Mar. 11

2%
6534

634
72

72

79
69

65

Feb.

9

45% Jan.
41% Jan.
42% Jan.

4

79
69
55
58

Mar. 10
Mar.
9
Mar.
9
Mar. 3

A.1937
1941
C—1942
D—1944
tr ctfs 4s Ser R..1953
434a...
...1963

17,000 Peoria 8c East 1st

cons

1940

...1990
A...1974
1956

Income 4s (flat)

"8", 556

A

A

O

F

A

4s

Peoria 5c Pekln Un 1st 534s

174,000 Pere Marq 1st 5s Series A
1st 4s Series B
43,000
1st g 434s ser C w 1_.
131,000
21,000 Phlla Bait 5c Wash 1st g 4s

...1956

1980
1943

J

J

J
8

M.N
A

J

J

1,000

"2",660
2,000
32,000
17,000
24,000

4234 Sale
8934
8634
99
.....

J

J

J

D

96

g..'.—1942 A O

Con 4s series F guar g
Con 4s series G guar g
Con 4s series B guar g

...1953
1957
1960
1963
1964
1970
—1975
—1977

Con 434s series I guar g.
Con 434s series J guar
Gen guar 5s series A

General g 5s ser B

19%

2134

95

88%
9534

70
78

—~

234

J5/i
79

75

Sale

60

49
4434
50% Sale
88%
9134
98^

If*

80
20

-...

D

80
83

F

A

F

A

10034
9834
95

MN
I

D

90

A O

90

74
98

General 434 s series C

First consol gold 5s

...

J

55

58

Mar.

85

90

91% Mar. 24

91

Mar. 24

3

2

2

81
Feb. 13
85% Jan. 13
80% Feb. 20
78
Mar.
8
81% Mar. 11

88

Feb.

17

91% Mar. 24

77

Jan.

23

80% Jan.
2131 Jan.

9834

78
18

20

95

96

95

96

20

Mar III

100

95%.
8634
77
80%
81%

...

18% Mar. 17

17% Jan. 29
100

95% Mar. 15
9234 Mar.
1
94

Mar. 21

Feb.

17 100

"III

90

88

96% Mar. 19
94

Mar. 21

94

Mar. 21

2

87% Mar.

2

86% Feb.

83% Mar.

1

83% Mar.

1

83% Mar.

80%

70%

84

90
90
90

Mar.

94% Mar. 14

77

Mar. 30

90

93
85

Mar. 10
Mar.
2
Mar.
1

88

90
Sale
Sale

84%
84

90

87
77

1

82

Mar. 10
Mar.
2
Mar.
9
Mar.

5

100% 100% Mar.

100% 103
100

95

76

.....

8

96

90

100

8 100% Mar.
8
Mar. 12 100
Mar. 12

40

81

88% Jan.

1

87

84

18

83% Mar.

1

Feb. 26
Mar.
1

87% Feb. 26
74% Jan.
8
100

17

90

Feb.

9Q
92%
94%
85%

Mar. 2
Jan. 16
Mar. 14
Jan. 27

100

Jan.
9 100% Feb. 17
Mar. 12 100
Mar. 12

8234

87

100

90

"65":::::
82%

50%
65%

79%

80

"77""

76

80

76%

Sale
80

60

54

52

4734 Mar. 28

83
73

75

76

Mar. 19

74% Mar.
75

2

Mar. 12

73% Sale

72% Mar. 31

68

81

80

56

Mar.

7

45
47

Jan.
Jan.

4
27

56% Mar. 10

45

Jan.

5

56
Mar. 7
53% Feb. 25
56% Mar. 10

2

74% Mar.

7434 Mar.
75

2

Mar. 12

8134 Mar.
8134 Mar.

9
9

96% Mar. 12

9634 Mar. 12

Mar. 21

74% Mar.

79

"72"
"90"

Mar. 12

70

Feb.

9

81% Mar.

76

Jan.

6

82

93

Jan.

18

Jan.

2
8

9
15

72
90

96%

93

96% Mar. 12

93
5

'63% *72"

66

75

73

72

Mar. 17

75

Mar.

9

66% Jan.

5

75

42

50%

51% Sale

52

55

52

Mar. 14

55

Mar.

9

44

Jan.

4

56

4034

50
37%
65

60

4134
61

70

25

Jan.

75

80

80

74%

47%

5

J

Mar. 21
Jan. 13

75

Rio Grande Southern 1st g 4s... .1940
.1940
Guar (Jan 1922 coupon)

St Jos 5c Grand Island 1st g 4s..1947 J
St Lawr 5c Adirondack 1st g 5s._1996 J

13

94

87% Mar.

90

53%
5434 Sale

86

106,000 Rock Isl'd Ark 5c Louis 1st 4%S._I934 M 8
1,000 Rutland-Canadian 1st guar g 4s. 1949 J J
J
Rutland 1st cons g 434s.. .....1941 J

17

Jan.

9534 Mar. 15 a92% Feb.
9
92
Feb. 23
96% Mar. 19

78

76

.1939
43,000 Rto Grande Western 1st g 4s
1st con 5c coll trust 4s series A .1949
25,000

26
11

Feb.

75

95
55

.1957 MN

--

Sale

.....

40

45

2,000 Providence Terminal 1st 4s..... .1956 M 8
2,000 Read Co Jersey Cen coll g 4*.—. .1951 A O
.1997 I
J
Gen 5c ref 434*
57,000
.1997 J
J
Gen 5c ref 4348 series B__
11,000
Rensselaer 5c Saratoga 1st gu 6s .1941 MN
Richmond 8c Mecklenburg 1st 4s .1948 MN
1,000 Richmond Term Ry 1st guar 5s. .1952 J J
Rio Grande June 1st guar g 5s_. .1939

13

Mar. 15

70

.1959

.1960
1st mtge 434* series C...
Pitts Y 8c Ash 1st gen 4s ser A.. .1948
.1962
1st gen 5s series B
...

Sale

44

Sale

44

Mar. 31

6634 Mar. 11

44

Mar. 31

70

40

47

48

Sale

48

Mar. 31

48

Mar. 31

50

6434

4134

39
47

Jan.
Feb.

48
47

68

80

77

75

Mar.

5

84

Mar. 12

61

Jan.

13
5
5

40

8934

40" "8934

63%
77%

84

Jan.
Jan.

14
9

Jan. 14
Mar. 31
Feb.
5
Mar. 12

J

1996 A O

2d gold 6s

2

53

45

Providence Securities deb 4s

Mar.

4634 Mar. 31

80

"65"" "HI

.1958

-

1st M 434s ser B

49

51

75

J

-

A

ser

51

5334
53%
4634 Sale

Mar. 10
Mar.
9
Mar.
9

95

:::::'99"

13

78

....

3| Sale

93%
103

Mar. 15
Mar.
8

Mar. 28
Mar. 31

4634 Sale

.1943 J

.1943 MN

Pitts Va 5c Char 1st guar 4s

Sale
92
92
92 %

Feb.

85% Jan.

81
87
78

99

MN

J

J

38", 660

70

80%

83%
76%

1,000 Pitts McK 5e Yough 1st guar 6s. .1932
.1934
2d guar 6s
1,000
.1940 A O
Pitts Shen 5c L E 1st g 5s

21I606

81
87

100

Con 434s series C guar g......l942'MN
Con 4s series D guar g.......-1945 MN
Con 334s series E guar g
1949 F A

6,000 Pitts 5t West Va 1st 434s

101

A...1940iA O

434* »er

Con 434> series B guar

86
Sale
87

36

M

1974 F

P C C 5c St L guar g

6%

2%

J

Gen g 434s series C

2,000
9,000
1,000
12,000

.....

81
51

General 5s Series B

1977
40,000 Philippine Ry 1st 30-yr s f 4s—1937
Pine Creek registered guar 6s—1933

.....

"25" "90"

'89% Feb*."3

89%~FebI~3

St Louis Iron Mtn 5c South—

363,000

River & Gulf Div 1st g 4s—...1933 MN
St Louis-San Francisco Ry

—

65%

7034

79

Sale

63

Sale

63

Mar. 31

80

Mar.

2

63

Mar. 31

83% Jan.

Sale
Sale

22% Sale

22

32

Mar.

3,

22

Mar. 28

34

17

Sale

17

Mar. 28
Mar. 28

26

Mar.

3!

15

Jan.

28

Sale

2734 Mar. 28

3734 Mar.

8

27% Mar. 28

Mar.

2

22

,

1,256,000

Prior Hen 4s series A

1950 J

J

26%

Sale

1,416,000

Con M 434s series A

1978 M

8

19

Sale

2934
2234

1950 J

J

32

Sale

36

Sale

St Louis Peoria 5c N W 1st gu 5s. .1948 J

J

70
72

4

Jan.

14

26% Jan.

22

Jan.

14

Registered...........—

222",005

Prior lien 5s series B...

44,000 St. Louis Southwest 1st g 4s
2d gold 4s incomo bond..Nov
35,000
Consol gold 4s.
1,141,000
1st terminal 5c unif 5s.«......
86,000
49,000 St Paul 5c K C Short L 1st 4 34«4,000 St Paul 5c Duluth 1st consol 4s.
.....

--

*23", 555
126,000

145,000

"9",555

1989 MN
J
1989 J

1932 J
1952 J

D
J

1941 F

A

1968 J

D

69

65

40

41

47

84

Sale

26

30

49

50
63

42% Sale
60

85
95

1st consol gold 6«............ 1933
1933

Sav Fla 5c Watt

J

1st 5c

cons

J

.....

6s series A

1945 M S

i935

Series B__

FA

Certificates of deposit
South 5c Nor Ala

guar 5s..

1936 F

1963 A O

49 J D
173,000 8ou Pac Co 4s Cent Pac coll Aug
1st 434s (Oregon Lines) ser A__ 1977 M 8
i6o;ooo
Convertible 5s..
1934 J D
3,000
Gold 4348
1968 M 8
123,000
Gold 434* wl
204,000
May 1 1969 M N
Gold 4 34*
1981 M N
598,000
San Francisco Term 1st 4s
1950 A O
51,000




a

73

72*

3
Mar. 11
Mar. 26

94

93

95% Sale
99%
99%
95%
97%

94% Mar.
98% Mar.
9434 Mar.

2

54

27% Jan.
42% Jan.
73

69
Jan. 26
49% Jan. 26
Mar. 2
55
Jan. 26

5- 89

7
2

Mar. 26

60

73

Jan. 26
Mar. 26

"85"
96% Mar. 17
1 100% Mar. 23
1
97% Mar. 14

98% Sale
9034
94%

2

92

7034

82

95
80

Mar.

95

85
76

84

73
95
66

81

Mar.

93

97

9634

98%

94

Mar.

3
3

81

90
73

75

Mar. 29

84

8734 103%

80

76!
Hi
12

15
Sale

12

20

28

lH
3%

3% Sale
3

Sale

76% Sale
102%

75

8134 Sale

81% Sale
11%
16
11% Sale
11%
16

16

18

12%
11%

18

19%

§£

8*

94% Mar.

2

96

Feb.

4

94

Feb.

4

97
Jan. 15
100% Mar. 23
97% Mar. 14

Mar.

4

84

Mar.

Mar. 3
98% Mar. 16
80% Mar. 9

70

Feb.
Feb.

11

9

81
99

67% Jan.

6

80% Mar.

84

Mar. 11
Mar.
2

78% Feb.

Mar. 12
Mar. 18

11% Mar.

91

2

86% Jan.

19

Mar. 3
Jan. 19

9

97

Sale

5

4%
20

2%

2%

1%

1

2

234

5
Sale

.

1

35

Deferred delivery.

81% Mar. 31
16

Mar.

2

85

13

Mar. 16

4

"Mar.

14

4%
4% Sale
4% Sale

434 Mar.

4

Mar.

9

12

18

2% Sale
2
234
1%
234
1%
82%

4

17% Mar. 14
2% Mar. 31
2

Mar.

5

§4%

'96'"
Sale

54

60

60

78% Sale

72
85

75%

76% Mar. 26

Sale

61

Sale

58

Sale

95

92

6234 Sale

65"

63

67
69%
6534 Sale

Sale

62% Sale
72
76

76

"4% Mar."21
5

Mar.

1

5% Mar. 16
20

Mar.

1

2% Mar.
2% Mar.

3
3

r25

19%
13%
1%
5%

Mar.
Jan.

2% Jan.
2% Jan.
3% Jan.

7

Mar. 11
Feb.
Jan.

16
15

Mar. 18
Feb.
2
Jan.

Jan.

6% Jan.

13
15
14
15

7

Jan.

15% Jan.

20

Feb.

1

Jan.

5

Jan.

14

3
2

Feb.

3
4% Feb.
2% Feb. 24
2% Feb. 25

1% Jan.
2%aJan.

2M*Teb.

70

79

13

84

Mar.

82

73

*

16

1

4%
4

6334 Sale

81

16

11% Mar. 31

1

534
20
2

1534
1%

....

Cash sale,

59
73

50

A

r

52

Mar.
1
Mar. 26

53

1
J

guar 50-year 5s

Mar. 29

42

50%

97

2%

Seaboard 5r Roanoke 1st 5a extd. 1931 J
cons

Jan.

Sale

A

1959 A O

...

Certificates of deposit
40,000
Atlan-Birm Div 1st g 4s...May 1933 MS
8,000
1935 F A
27,000 Saaboard-All Fla 1st 6s A
8,000
Certificates of deposit

Gen

Jan. 181
Mar. 311

42

Mar. 31'
Mar. 29

1934 A

Oct 1949 F

cons

42

2

79

1934 A

.......—...

Refunding g 4s..
Certificates of deposit

9

Mar.
Mar.

42

Sale

D

16,000 Scio Vail 5c N E 1st guar g 4s.... 1989 MN
5,000 Seaboard Air Line 1st g 4s...... 1950 A O
1950 A O
65,000
Stamped
Certificates of deposit......
A O
10,000
Adjustment 5s

Mar.

3lj 66

Sale

Sale
51

42

J

1937 J

1st g 6s

let g 5s

48
89

60% Mar.

42

78
20

46%

95

99% Sale

6s reduced to gold 434*---

Reglstered
;
Montana Ext 1st gold 4s

96%
60% Sale

85

Santa Fe Presc 5c Phenlx 1st 6*_. 1942 MS

65,606

55
27

43%

St Paul E Grand Trunk 434*..-- 1947
St Paul Minn 5c Man cona 4s.... 1933

1940
Pacific Ext sterling guar 4s
1,000
1972
47,000 St Paul Union Depot 1st 5s
54,000 San Ant 8c Aran Pass 1st guar 4s. 1943 J

3,000

73

Sale

80%

*85"

5834 Sale
7934

74

Mar.
7
82% Mar. 11
85% Mar. 18

60

Mar. 30

60
58

Mar. 28
Mar. 31

70
70

9
9

59% Jan.

Mar.

59

Mar. 28

68% Mar.

9

59
74

85

Mar. 28

78% Mar.

4

82

Mar.

Mar. 10

73
85
58

Mar. 28 ^72% Feb. 29
Jan.
5 84% Jan. 14
Mar. 30 97
Feb.
5

4

73% Jan

13

Mar. 31
Mar. 28

74

Jan.

11

72% Jan.

*4

Feb.

84

15

2

Jan.

N. Y. STOCK

26
Sales in

BONDS

Value.

N. T. STOCK EXCHANGE.

Jan. 2

*

...1937

So Phc off Calif 1st con* 5s

4s—.....1937
4s....1955

South Pnc Coast guar

MN
J

95

Ask.

101%

Bid

"77" "80"

95

Mar. 29

Sale
99

Prices.
Jan.
8

Mar."II

98

Mar. 29

98

86%

Mar."II

75" Mar."31

86%

9

77

Mar. 29

86% Jan.

13

2
3

36
A2

54

14

Mar.

7

48

Mar. 28
Mar. 30
Mar. 30
Jan.

13

Mar.
Mar.

3
7

35% Jan.
19% Jan.

7
8

45

Feb. 26

31

Mar.

37% Mar.

2

38

Jan.

79% Sale

77

Sale

77

Mar. 29

86% Mar.

37% Sale

36

Mar. 28

42

Mar. 30

48% Mar.
58% Mar.

48

Mar. 30

63

39% Mar . 31

45
31

80

Sale

83%

O

41

Sale

57,000
109,000

Devel & gen 6a series A

..1956

A

O

48 %

46% Sale
53%
57%

A.....1956
Memphis Dlt 1st g 5s.........1996
St Louis Dlv 1st g 4s
1951
East Tenn reorg lien 5s..
..1938

A

O

51% Sale

J

J

J

J

Detel 6c gen 6%s series

"75 "Mar ."31

42

Mar. 18

70

85

72
65

|6*

50

88

41%

45

39% Sale

20%

40

30

35

29

Sale

26

Mar. 24

Tenn Cent Ry 1st M 6s A

30

Mar. 31

M

8

36
90

99

........1944
1953

35

98H

26

90

82

'63 % Sale

Ac F S Ry 5%s ser A..1950
Texas & N O cons g 5s
1943

87% Sale

2000

Gen & ref 5s series C
1979
40,000
Gen & ref 5s ser D
........1980
52,000
6,000 Tex Pac—Mo Pac Term 5%s
1964

D

General gold 5s
1935
Tol St L 5c West 50-yr g 4s
1950
Tol W Va & Ohio 1st guar 4%s B.1933
1st guar 4s series G.
1942
...

.

68
Sale

59

80

M S

J
1935 J
1935 A O

Toledo & Ohio Cent 1st g 5s
Western Dlv 1st g 5s

J

30

Sale

93

96

90

92

74

76

74

70

Sale

H*
69

90

91

A

O

J

68%
67%
67%

90

75

:::::

D

:::::

^

7

8*

93% o84%
37%
Sale
69
68%
85%
92

70

94

Mar. 30

96

Mar. 28

24% Jan.
6
88% Jan. 26
93% Mar. 19

76

Mar. 11

71

Feb.

70

74

Mar. 14

63% Jan.

Mar.

1

Sale

Mar. 28

2

79

2

74

Jan.
Feb.

7
18

Mar.

8

87% Jan.

2

92

Jan.

14

Mar.

7

10
6
5

70

Jan.

26

Feb.

18

92% Jan.

5

70%
70%
89%
92%

Mar.
Mar.
Mar.
Jan.

3
3
7
5

3

96

Mar.

3

Jan.

64

Mar. 24

70

Sale

62

Mar. 31

70% Mar.

64

76%

Mar. 30

084% Mar. 31 r91

Mar. 24

Mar.

3

62% Feb.
61% Jan.
62% Jan.

92

"62"

20

94

96

90

85

Mar.

7

Mar.

7

80

96

Mar.

3

96

Mar.

3

50

Mar. 17

50

Mar. 17

64%

3

92

96

96
94

50

91% Mar. 28
93% Mar. 19
73% Mar. 22

96

Mar.

50

Mar. 17

77

48

Feb.

48% Jan. 27

94

58"

70

J

79

D

79

62

M S

..1946 I

Tor Ham & Buff 1st 4s
Ulster & Delaware 1st 5s

O

60

65
J

67% Jan. 23

80

97

97

1977 A

60

92

37%
,

Dec 1 2000 Mar

B

14
I4

95%

95%

Hi*-.1939

30,000 Texarkana

Texas 5c Pacific 1st g 5s
Second g lac 5s (flat)

72

D

1947

Term RR Assn of St L 1st g 4

67

Jan.
Jan.
Jan.

95

95

%

48

50% Sale

25

.1936

Sunbury Ac Lewis 1st g 4*

ser

94

Sale

1938 M S
J
J

Mobile At Ohio coll tr 4s

First cons g 5s
Gen ref s f gold 4s

52

85

M S

11,000 Spokane lnternat 1st g 5s......1955
Staten Isl Ry 1st gu g 4 He
'43 J

"i',666

Highest

Sale Prices

60

98

90
Sale

A

Gen ref 5»

Sale Prices

100

r.1956

15",000

Sale Prices.

70
75

Devel Ac gen 4s series A....,

42:660

Highest.

98

100

284:666

7,000
23,000
4,000
27,000

Ask.

Lowest.

Lowest.

March 31.

..........

Stamped Federal tax..........1955
148,000 Southern Ry 1st cons 5s
1994
Registered...
...........1994

5,000
15,000

|

Ask. Bid

70

J

South Pac RR 1st ft guar

Registered

March 1.

1932.

so-

Bid.

2i5~666

RANGE SINCE JAN. 1.

PRICES IN MARCH.

Price

March.

2,000

EXCHANGE—BONDS

64%

1928

Ctfs of dep stpd as to Dec 1930 int
and $570 return of principal

7,000

1952 A

First refunding gold 4s

O

40%

45

J
309,000 Union Pac RR 5c land gr g 4s... 1947 J
J
Registered
1947 J
2,000
First 8c refunding 4s
104,000
.June 2008 M S
J
Gold 4%s
29,000
1967 J
1st lien 8c ref 5s
3,000
June 2008 M S
40-year 4s Int rets
1968 J D
108,000

91 %

Sale

1944 M

.

:

4,000

38:666

Va 8c Southwest 1st guar 5s....2003 J
First cons 50-year 5s
1958 A

83,000
11,000
127,000
34,000

~

Wabash

1939 M N
1939 F A

RR 1st gold 5s

Second gold 5s
Deb 6s registered

1:666

80%
93 % 106 %
72%
74%
90%
93%

80%
81%
91

77%

Sale
Sale
Sale

77
90

78%
78%
83

95

'30% "35"
81

Sale

70%
97%
70% Sale
30

42

75
34

88%
73%

85

38%
Sale

Sale
50
70

46%

50%

Maic-22

98% Jan.

19

99

Mar. 22

Ma$

71

Feb.

11

80

Mar. 10

Feb.

20

93% Jan.

10

15

Mar. 16

95

1% Feb. 18

Mar. 31

45

85% Mar. 29

91

9
9

Mar.

Mar.

37

Jan.
Feb.

95

80

Feb.

35

Jan.

45

81

Jan.

91

Mar.* 9
Mar.
9

Mar. 16

2

75% Mar. 10

Jan.
Feb.

Jan.

Mar.

70
65

75

70

79

Jan.

47

Mar.

1

59

9

43

Jan.

59

Mar.

Jan,

Mar.

79

15

7
14
9

72% Jan.

20

55

30

Jan.

15

73
46

70
13%

46%
8%

70
10

50

Feb.

9

Sale

8

Sale

83

Sale

5

8

65 J

86

56

76]

Mar. 28

6

50

Feb.

6

13% Mar.

3

5

Mar. 31

19

Jan.

12

Mar.

Jan.

Mar.

4% Mar. 31
4% Mar. 31

19

12

3
3

Jan.

11% Mar.

9

8

16]
16]

24
25
27

Jan.

27

Mar.

7

Mar.

Mar.

Mar. 31

4% Mar. 31
4% Mar. 31

8

2

90

6%

Feb.

19
11

40

86%

Mar. 28

A

90

1945
50 HI

Sale
46% Sale
85
91%
91% Sale

1952
1977

1937
1943
8

28

23*1 J

J

2361 J

J

67%
63%

1966 M S
g 4s..1949

Mar. 30

72

21

1945

1976 M
M

90

80

92

32

78

con

9

87% Mar. 11

76

32

50

17

..1948 Q M

B

Mar.

11

90

96

Feb.

87% Mar. 11

59

85

ser

80

8

Mar.

60

84

Erie RR 1st

75% Mar. 29

15

Mar.

84

90

10%
12

Wheel 8c L

99

93% Jan.
91

32

"70%

10

Registered

3

86% Jan. 28
89% Feb. 26
5
74
Jan,

60

98%

10

Wheel 8c L E Ref 4%s ser A

8
9

22

78

27%

11
12

West Shore 1st 4s guar.....

Sale
87%

35

9%

A.....1946 M

86%

79
Sale

71

9%

3000

37
73

Ref & gen 5s series D

ser

78% Mar. 30
81% Mar. 1

Mar.

1% Feb.

95

Sale

13

F

50

Sale

46%
10%

1980

82%

47

10

Western Pacific 1st 5s

Mar.

84

Mar.

-----

72

15

West N Y At Pa 1st g 5a
General gold 4s......

Sale

9

91

91

1

"87% "94"

9

....

Sale
99

93% Mar.

8

90% Mar. 30

16

80%
80%

4

Ref & gen 5s (Feb '32 coup) B..1976
Ket A gen 4l*s aeries C
....1978

Maryland 1st g 4s
First Ac ref 5%a series A..

82

90

59

1st 40-year guar 4s

90

78% Sale
98

9%

West

91% Sale

96

30

Refunding 5s

26:666

Sale

J

1939

J
1st Hen 50-year gold term 4s..1954
J
Det 9c Ch Ex 1st g 5s
1941
J
Des Moines Dlt 1st g 4s
1939
Omaha Dlt 1st g 3His
1941 A O
Tol AChlc Dlt 1st g 4s
1941 M 8
Wabash Ry ref & gen 5%s A....1975

Warren RR 1st ref guar 3%«
1,000 Wash Cent Ry 1st g 4s
Wash Term 1st guar 3%s_„

330,000
108,000
6,000
8,000
204,000
114,000
11,000
3,000

O

.1962 M N

1st mtge 4 %s series B

96:006
48,000

78
76

J

1962 M N

A

ser

50

46%

87

A

1957 MN
Vera Cruz 6c P Asstg 1st 4%s_„1934
Virginia Midland general 5s
..1936 M N

139,000 Virginian Ry 1st 5s

92% Sale

48

41%

57

J

1955 F

Vandalla consol g 4s A
Consol 4s Series B

8

1933 J

U N J RR 8c Canal Co gen 4s
Utah 8c Northern 1st ext 4s

44%
41%

S
8

15,000 Wilkes-B 8c

1942 J

D

J

J

77 %

69%

57%
•52%
12%

85

83%

59

Sale

56%

Sale

83% Mar.
54% Mar.

61%
94%

Sale
95

59

Sale

59

Mar.

63

66%
78

Sale

37

98
a95% Mar.
Mar.
80% 77
Sale
35% Mar.

98

78
Sale

69

Sale

69

70
75

69

Sale

66

50

50

59% Mar.

75

83%

74
41

77
68
70

53

90
75
23%

56

73

83%
60% Mar.

4

Mar. 14

Mar.

56

Jan.

82% Feb.
83% Mar.

83% Mar.
Jan.
48
46

Jan.

7

1
2

16
18

62
63

Jan.

98

Jan.

Mar. 10

Mar. 10

91% Jan.

Mar. 16

Mar.

91% Jan.

Jan.

49

Mar.

Jan.

78

2
9

Mar.

9

77
28

Mar.

2

68

Mar.

2

Mar.

9

r61% Mar.

7

Mar.
74
63% Feb.
59% Mar. 30 r61% Mar.

7

49
78
74

Mar.
Mar.

9

58%

60

69

71

22%

26

22% Sale

62% Mar. 19
22% Mar. 31
76

Mar. 28

32

Mar. 26

70

Mar. 19

28

Mar.

9

59% Jan.
20% Jan.

12
8

29

Feb. 25
Jan. 27

80

Mar. 23

70

J

13:660

1938 J
1960 J

Sale

7

56
82

Mar.

East 1st gu g 5s
Wllmar Ac Sioux Falls 1st 5a

Winston-Salem S B 1st 4s

123,000 Wisconsin Cent 1st gen g 4s
1949
Sup At Dul Dlt Ac Ter 1st 4s...1936
27,000

J

89

30

M N

Worcester At Conn East Ry 4%s_1943 J

50

85%

78

Sale

34i

35

30%

33%

31%
29%
63%

34

J

85

78

89%
35%
Sale
86

29% Mar. 31

80
Mar. 23
40% Mar. 11
34
Mar. 8

41

76

Mar. 28

25% Jan.

5

40% Mar. 11

Jan.

8

34

Mar.

8

Mar. 11

28% Jan.

5

41

Feb.

6

9

75% Jan.

84

Feb.

1

Jan.

23

24

INDUSTRIALS—

/ 630,000

Abitlbl Pow At Paper 1st 5s..
Abraham At Straus deb BHi

1953 J

1943
With warrants..
A
89,000
40,000 Adams Express coll tr g 4s......1948 M
28,000 Adriatic Blec Co external 7a.....l952 A
Ajax Rubber 1st s f 8s
.1936 J

15:666
19,000
11,000
663,000
281,000
647,000
72,000
707,000
122,000
123,000
15,000
744,000
58,000
256,000
264,000
5,000
192,000

Alaska Gold M deb 6s A (flat)...1925

D

29

30

38%

Sale

34% Sale

34% Mar. 31

Sale

O
S
O

83% Sale

Mar.
Mar.

67

D

67%

70

81

1%

M S

iS*

10-year cony 6s ser B (flat)
1926 M 8
Albany Perforated Wrap Paper 6s 1948 A O
Allegheny Corp coll tr cony 5s..1944 F A

24

Sale

ilH
Sale

Sale

Collateral and convertible 5s..1949
Coll & cony 5s
.............1959

J D
A O

28

Allls-Chalmers Mfg deb g 5a
1937
Alplne-Montan Steel 7s_........1955
Amer Beet Sugar cony deb 6s...1935

M N

86^8

95

M
F
A
A
M
J

46

49

Amer Chain 10-year a f deb *s.._1933

American Cyanomld deb 6s......1942
Amer Ac ForeignPower 5s........2030
American Ice

f dob 5s

s

American I G Chemical

1953

Sale

S
A
O
O
8

11*

Sale
Sale

D

66

Sale

20

Sale

75

2%
10%
10%
32

13%
13%
37%

Jan.

Jan.

Mar. 10

8

Jan.

14* Jan.

Mar. 10

9

Jan.

Feb.

1

•46% Jan.
41% Jan.

22
21
14
22

12% Mar. 15

Mar. 10

38

Mar,

19

Mar,

Sale

15% Mar. 28

30% Mar.

Sale

81
46

Mar. 31
Mar.
2;

90

19%
76%
73%
32%

Mar. 9 20
Mar. 311 85
Mar. 1| 80
Mar. 18 44%

15%

Sale

48% Sale
30
19%
Sale
Sale

32% Sale
69% Sale
69

103%
55

5

14

12% Mar. 15. 14

Mar. 11

Sale

Sale"

82* Mar. 19

34%

67

61

70

Jan.

45

68

102%

Mar.

Mar. 29i
Mar. 31
15% Mar. 311

Sale

69

1 J
A O
£%s gold notes..1934 A O

64

72

68
5!

19

Sale

77

Mar. 30
82% Mar. 19

Mar.

38

19

If*

83% Mar.

10

69% Sale

Amer Internet Corp cony 5% a. .1949
Amer Mach Ac Fdy s f gold 6s
1939
Amer Metal Ltd

Sale

a80

Sale

1949 M N

5Hs

68

80
64

Sale

66
66
68
103

55

Mar.

1

Mar, 29

15% Mar

40

Jan.

15

Jan.

79

Jan.

33
91

Jan.

3
Mar. 12

40

Jan.

Mar. 16

18% Feb.
76% Mar.

22

69

80

Mar.

47

Jan.

75

Mar. 14

9
9

Mar.

31

Mar.

50

75

7
21

■

Mar
Mar.

1
8

Mar.

7

»

Mar. 14

70% Mar. 11

Mar, 28
71% Mar. 11
Mar,
8 103% Mar. 16
Mar.
4
Mar, 31' 68

Jan.

32% Mar.
65

Feb.

55

Jan.
Mar.

66

102% Feb.
48% Jan.

SA^

17
Feb. 23

Feb.
Jan.

18

87% Jan.

29
8

14

70% Mar. 11

188
68

Jan.

14

Mar. 16

Mar.

4

American Natural Gas Corp—

28,000

334:606

Deb

6%s (with purch warr)
Certificates of deposit

1942 A O

A O
J J
Amer Tel Ac Tel Cony 4& ........1936 M S
30-year coll truafi 5sm.
.....1946 J D
35-year sink fund deo 5s......1960 J
J
20-year sinking fund 5%a
1943 MN

105,000
34,000
471,000
1,124,000
668,000
Convertible debentures 4%a..l939
261,000
35 year deb 5a
...1965
1,287,000
6,000 Amer Type Founders deb 6s
..1940
145,000 Amer Water Works Ac Elec coll 5s.1934
Debenture gold 6a series A
1975
110,000
Cash sale,

a




Sale

5

3%

4

1% Mar. 12i

4

Mar. 30

...

Amer Smelting Ac Ref 5s ser A...1947
Amer Sugar Refg 15-year 6s
1937

r

3%

Deferred delivery.

91

Sale

89%

Sale

Sale

100

Sale

97

Sale

100

100
Sale

99

Sale

104%
98

104%

Sale

1043%

Sale

J

J

F
A
A
M

A
O

98

O
N

83%

Sale

89%
72

88

Sale

99%
97%
103%
104%
97%
85%
89%
77%

Sale
Sale
Sale
Sale

Sale

88*
Sale

36

Sale

101% Sale
97

101%
98%
102%
101%
99

98

Sale
Sale
Sale
Sale
Sale

76

Sale

90
74

Sale

Sale

85% Mar. 29
100

92% Mar.

Mar.

1 102% Mar.

96% Mar.

71100
Mar.
1:103% Mar.
1 100% Mar.

99

Mar.

97% Mar.
102

101%
97%
75%
89%
73

Mar.
Mar. 31106% Mar.
Mar.
1|100% Mar.
Mar. 30s 85% Mar.
Mar. 18, 95
Mar.
Mar. 29
83
Mar.
Mar. 26105

1% Mar.
2% Feb.
85% Mar.
98

94%
97%
95%
100%
100%
95%
75%
83%
68

4

Jan.

18

3% Feb. 23
96

13

Feb.

105

Jan.
Jan.

Feb.

100

Mar. 22

Jan.
Jan.
Jan.

103% Mar. 22
100% Mar. 10

Jan.

107

Jan.
Mar.
Feb.
Jan.

105

6

Mar. 10

Jan. 14
100% Mar. 9
97% Jan. 13

Jan.

23

84% Jan.

16

95

Sales in
March.

BONDS

Value.

N. Y. STOCK EXCHANGE.

PRICES IN MARCH.

Price

5,000 Amer Writ Paper 1st g 6s
51,000' Anglo-Chil Nitrate 7s without

March 1.

1932.

1947

5,000

1,289,000
1,093,000

75%
73
64

Baldwin Locom Works 1st

_

93

Baraqua (Comp Azucar) 7Ks ...1937
434s
1943
Belding-Hemlnway cony 6s
..1936
Bell Telephone of Pa 1st 5s B
1948

7
71

85)4

7834

L02

1946

75

Berlin City Electric deb 634*——1951
Deb sinking fund 634s.....—.1959

30)4

Debenture 6s
.......—.1955
Berlin Elec Elev 8c Undgrd Rys—
1st 634s...
142,000
1956

26)4

81,000
128,000
12,000
103,000
15,000

88
95

30

23)4

Bethlehem Steel 1st Ac ref 5s g A. 1942

20-year pur Ac imp s f 5s......1936
Bing Ac Blng s f deb 634s
1950
Botany Cons Mills sec s f 634*—1934

15
7534
99

5

80
88

Sale

Tr R T Sec 6s

17

"98""
Sale
Sale

Conv deb 5>4s...

70

5

8234 Mar.
90
104

Mar.

Sale

26% Mar.

38% Sale
32% Sale

27

Sale

28

9234

15

80
43

1

70
Sale
Sale

sill*
Sale
73
80

Mar.

85

74%

76
Sale

9

Feb.

98
30
17
42

Mar.

1

105

Mar. 11
Mar. 22

Sale

9634

Sale
59

V-Vs

15

9934 Mar. 21

92

Feb.

91

Jan.

Mar.

100

Sale

83
55

78

55
100
60
73
72

101

Sale

100
65

Sale

4

Mar.
Mar.

106

32
100

Mar.

76

Mar.
Feb.

Jan.

7

58

71

Jan.

13

81

Feb.

90

Jan.

14

Mar. 18
Mar. 23

55

Mar.

60

Jan.

27

99% Jan
60

4

5

36)
102

Mar.

Sale

Sale

Sale

12

7
Sale

66)4 Sale

§9

34

"54)4

97
35
12
Sale

5

69

9934 Feb.
8934 Jan.
9634 Feb.

100% Mar. 22

Mar.

44

20
5,3

22
8

40"666 Colon

Oil conv deb 6s.
1938
17,000;Colo Fuel Ac Iron Co gen a f 5s..1943
13,000,Colo Indus 1st coll tr 5s gu
1934
,

w
S?8

1952

Debenture 5s ........Apr 15
1952
Deb 5s
Jan 15 1961

82

Sale
74
Sale

3434 Sale

3434 Mar.

Sale

60

60
55
77
79
76
90
83
93
87

84

80% Sale

11,000;Columbus Gas 1st gold 5s
1932
82,000 Columbus Ry P At L 1st 4)4*
1957
12,000 Commercial Credit s f 6s
...1934
14,000!
Coll trust 534* «er A
1935
236,000 Comm'l Inv Trust conv deb534*-1949
3,000 Computing-Tab-Record s f 6s
1941

89

93

83

Sale

93
09%
85% 87
86% Sale
105
105%

66

56

S7%

21,000 Consol Hydro-Elec 1st ■ f g 7s...1956
663,000, Consol Coal Md 40-yr 5s
1950
439,000 Consol Gas (N Y) deb 5)4*
1945
503,000
Deb gold 434s w 1
1951
52,000 Consum Gas Chic 1st guar g 5s..1936
108,000;Consumers Power 1st lien 5s
1952
48,000 Container Corp of Am 1st s f g 6s.1946
76,000
15-year deb gold 5s
1943
86,000 Copenhagen Telep extl s f g 5s..1954
16,000 Corn Prod Ref 1st 25-yr a f 5s... 1934
7,000 Crown Cork 8c Seal s f 6s
1947
37,000 Crown Willamette Pap 1st s 1 g 6s 1951
110,000 Crowm Zellerbach deb 6s w w
1940
28,000,Cuban Cane Products deb 6s....1950

77
79

Sale
Sale

7734 Sale
95)4
99
90
95
91

32

Sale
Sale

29

85

,

71

Sale
Sale

33
L04

Sale

93)4 Sale
9734 100
LOI34

98

34

1934 Sale
Sale

.....

Sale

30

32

Sale
75
Sale

11%

15

70

74

10134
LO134 102
7534
88)4 8034 Sale
74
Sale
7234 Sale
55
Sale
5634 Sale
2%

Cuban Dom Sug 1st 734s
1944
2,000,
Certfa of dep stpd and unstpd—
1,000
Stpd with purch warr attached

31% Jan.

3

1%
100
.....

1971

93%

1969

92

1951 M N

91

M N

90

1942 M S

2

Sale
Sale

Sale

102)4
Sale
Sale
55

81
Sale

Sale

82

7434
9534

32% Jan.

4

Jan.

23

67

Feb.

2

Mar, 28

65

Jan.

12

Mar. 10

71)4 Jan.

Mar,

5

Mar.

4

Mar, 18

Mar.

10

Mar

30

4

64

6

85

Mar.

5

4

84

Mar.

4

95

Mar. 18

81% Jan.

26

92

Feb.

Mar. 10
Mar. 30

11

95

8434 Feb. 27

91

27

92

91

79
105

Jan.
Jan.

32

Mar.

35
105

100

Mar.

9734 Mar.
30
10
70

Sale

Mar.
Mar.

Mar.

IO154 Mar.
80% Mar.
72)4 Mar.
55

31

Mar.

19

22)4 Mar.

Mar.
Mar.

60

Mar.

2

97

Feb.
Mar,
Mar,

10034 Jan. 21
3
37% Feb.

10
62

Jan.

10054 Jan.
76

Feb.

67
48

24

7

o? 103
82
24

Jan.
Jan.

1

Jan.

60

2)4
9

97

Feb.
Jan.

90

Jan.

8

85

Mar.

56

83%
70

4

Mar. 11

Mar. 24
Mar. 10

Mar. 24

5 10434 Mar. 21

8
3
14
19

93

Jan.

7

92

Jan.

11

9234 Jan.
9234 Jan.

19
16

3

78

Sale

5934

78

101% Mar. 24
10134 Mar. 11
rl04
101

Mar.
Mar.
Mar.
86
Mar.
8034 Mar.
r9734 Mar.
534 Mar.
86

5234 Mar.

Sale

llvs

Sale

82
70

Sale

9334 Mar.

33

5

Mar.
Mar.

5

Mar.

96

Mar. 18
Mar. 28

§1*

»Mar.

it*

Mar.

10034 Jan.
9534 Feb.
96
96

11

90

9

76

101

Feb.
Jan.

30

rl04
101
95
86

5034 Jan.

31

75

10
18
9

104
32

9654 Mar. 11
10734 Mar. 10

11.234 10734 Mar.
Sale
32
Mar.

Jan.
6834 Jan.

32)4
20

Sale

25

94

Jan.

86

4

31% Mar.
Mar.

21% Mar.

2

28
20

Jan.

20

Jan.

15

45

Mar.

50
76

Mar.
Mar.

4

40

Jan.

25

7054 Mar. 28

9

74

7

7634 Mar.

9

66
70

Jan.
Jan.

26

Mar.

9

Mar.

3

76
62

Feb.
Feb.

9

10734 Mar
2634 Jan.

51%
54
7254 Sale
76
66

v

Mar.

4

It*
85

7634 Mar.

7

82

75

65

2

66

Mar.

Jan.

2

Mar.

9

Mar. 31

8134 Jan. 25
r9734 Mar. 18
534 Jan. 14

93% Mar.
434 Jan.

10 110
5
38
5
38

9

2

Mar. 28
Mar. 28

5534 Mar. 30

38
38

Mar.
Mar.

Jan.

10134 Mar. 11

Feb.
Jan.

434

9634 Sale

50

14
24

234 Feb. 27
154 Mar. 23

134 Jan. 22
9734 Jan. 29 102

Mar.
5
Mar. 28

Feb.

75% Mar. 15

10434 Mar. 21

Jan.

Jan.

72)4 Mar.

134 Jan.

90

76
76
85
65

7
18

101

154 Mar. 23
102
Mar. 24

92

7

Mar.

Feb.

30

Mar.

Mar.

Mar.

Jan.

Jan.

98

2)4 Mar.
Mar.

3534 Jan. 11
22% Mar. 14
105
96

89

48

4

89

7534 Mar.

2

Feb.
Feb.

9134 Mar. 16

7234
6834
76%
6234

Mar. 30
Mar. 11

18 10634 Jan.

al0034Feb.

Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.

85

58

8534 Mar. 10

11

91

68

86

Mar. 14

Jan.

Jan.

15

49

40

7134 Jan.

74
90

Mar.
Mar.

20

.....

14

60% Mar. 24
92% Mar. 9

55

9034 Mar.
9034 Mar.

32

1931
7% notes (with warr)....1931
Ernesto Breda Co 1st M 7s.'54




Jan.

5

8234 Feb. 13

85
90

35%

Deb

Deferred delivery.

Mar. 11

48

Jan.

90

10234

12,000 Elkhorn Coal 1st At ref 6 34s

a

50

Mar. 24

91

96

1995

With stock purch warrants..
51,000
23,000 Federal Lt Ac Tr 1st s f 5s
1942
First 1 s f 5s stamped..
4,000
1942 M S
1st lien s f 6s stamped........1942 M 8
4,000
8,000
30-year deb 6s series B
...1954

8 10034 Mar. 24

60

19% Mar.
103)4 Mar.
9234 Mar.

10034 Sale 101% Sale 10034 Mar.
9834 Sale
9934 Sale
98)1 Mar.
97)4 10634 100% 10034 99)4 Mar.
Sale
9734 Sale 100
9734 Mar.
90)4 Sale
90% Mar.
81* Sale
5234

23
26
14

47

97)
92)

Sale
Sale
Sale
Sale
Sale
33

Jan.
Jan.

20

95
9234
3

83

Feb.

76

9

9334

4

1939

6)4s..l950 M 8
1st sinking fund 634s.........1953 A O

Cash sale,

8834
8534
9034
9134

Feb.

45% Feb.

Mar.

Mar. 30
Mar. 11
105% Mar. 12

"5
134 Mar.
101% 9934 Mar
Mar.
10434 10434 ~ "

5

a99% Sale
10434 10434

64

Ed El 111 N Y 1st cons g 5s
Elec Pow Corp (Germany)

r

1|

97

29
20

Mar. 29

8

3

Second stamped

142,000 Detroit Edison Co 1st coll tr 5s..1933
Gen At ref 5s series A..........1949
200,000
Gen At ref 5s series B
33,000
...1955
Gen Ac ref 5s ser C
42,000
1962
Gen Ac ref 4)4s series D........1961
198,000
431,000 Dodge Bros 1 f deb 6s
.......1946
21,000 Dold (Jacob) Pack 1st 6s
19*2
43,000 Donner Steel 1st ref 20-year 7s..1942
240,000 Duke-Price Pow (Ltd) 1st 6s A..1966
430,000 Duquesne Light 1st mtge g 4 34s A1967
3,000 Eastern Cuba Sugar s f 7)4s
1937
Stamped as to s f guar.

62.000

6
Sale
104

54

Feb.

Mar. 21
Mar,
4

85
84
95
92
95
91
92

Mar;
Mar.
Mar.
Mar.

—

125,000 dumb T At T 1st Ac gen 5s
1937
5,000 Cuyamel Fruit 1st s f 6s A—....1940

4434

Jan.
Mar.

5

Jan.

Mar. 14

2

234

77
97

97

Sale
99

93

Mar.
Jan.

8534

9634
8834 Sale
8634 Mar.
05
Mar.
10534 105

9234

20%
10434
92%
9734
9534
34%
1734

102)4 Mar. 24

40
63
60

Mar.
Mar.
Mar.
Mar.
Mar.

1951
1951

534 Feb.

74

59)4
Sale

8754 Mar.

65

15
28

45% Mar.
6034 Mar.
9234 Mar.

88

7
10

Mar. 24

1943

1940

Mar.

Mar. 31

Chill Copper deb g 5s........
1947
Cin Gas & Elec 1st mtge g 4s A..1968

Mar.

11

Mar. 11
Mar.

Jan.

14 10034 Mar. 24

Mar.

6134 Jan.
64
Jan.

Jan.

4

212,000
120.000

53% Sale

71

23

8 10034 Mar.
Mar. 31
76% Mar.
Mar.
2
97
Mar.
Mar. 24 4234 Mar.
Mar.
3
634 Mar.

5434 Mar. 31

10134 Mar. 23

.

Mar.

9

99)4 Mar.
65
88
35

80

Mar. 31

Mar.

9134
Sale

Mar. 28

1

Mar. 11
Mar.
7

Mar.

10034

9934 Mar. 21

Mar. 11
Mar.
9

50

5,000
137,000

14

Mar.

Mar.
Mar.
Mar.

"5)4

Sale

100

8134 Mar.

Sale

35%

100
Sale
90

99

77
63

73%

33%

86)4 100%

J

Mar.
Mar.

Mar.

9934 Mar.

g 4s..

Jan.

4
79
Mar. 18
27 10434 Mar. 16
Jan. 14
Feb.
8 147
Feb.
8

Mar. 28

1

42% Mar.

con

58

10

9534 Mar.

9934 Sale

Ed El III Bkn 1st

8
18

91% Mar. 10

30 111

4134 4334
2134 Sale
5834 Sale
8934 Sale

4~1~,666

Jan.

Jan.

99%

f 7s

Jan.

Mar. 24

6654 Mar.
rl05

Jan.

Mar. 18
Mar. 28

4834
45%

.....

16

100

"65""
60

60
69

6

30

34
6

1937 J

14

11

Mar.

Mar.
Feb.
Jan.
Feb.

70

Jan.

4)4 Jan.

107

79

97%

s

1

6534
97%
80)4
55%

Mar. 22
Jan.

K*

50

10434 Mar. 16

47

Dery (D G) Corp 1st

30

Mar.

1

108

Mar.

1927

1,000 Delaware Pr At Lt 1st M 434s
4,000;
1st mtge gold 4%s
42,000 Denver Gas Ac El 1st At ref 5s
50,000
Stamped as to Pa tax

Jan.

20

Mar. 24

32,000

.....

21

Mar. 11

7434 Mar.
IO134 Mar.

92
76
58

Sale

100% 101% Sale

Chicago City Ac Conn Ry 5s.Jan 1927

Stamped guar 4)4*

18

Jan.

98

Mar.
Feb.

91% Mar. 10

Sale

61
83
55

Sale
78

70
100
Sale

15,000 Central Steel 1st sink fund 8s...1941
100,000 Certain-teed Prod s f g 5)48 A
1948
7,000 Cespedes Sugar 1st gold 7 34s
1939
751,000 Ches Corp conv col tr g 5s May 15 1947

Conn Ry Ac Lt 1st g 4)4*

Jan.

97

147

96

Sale

72%

55,000
377,000

3534

Jan.

10

8

9

15

93

35
3

Mar. 18

Feb.

Jan.

24% Jan.
8654 Feb.

1

Mar.
Mar.

654 Mar.

Mar.

17

42

37

108

Sale

"75"

Jan 1957

192,000,Columbia Gas 8c Elec deb 5s

Mar. 10
10334 Mar. 9
80
Mar.
3

ar.

r34% Mar. 31
9534 Mar. 19

Mar.
Mar.
Mar.
Mar.

65% Mar.
9934 Mar.
87

M

9

104

3834 Mar.
3234 Mar.

9134 Mar.
95
22
10
35

Sale
30

Mar.

26

Jan.

90

Mar.

Sale

Central Dlst Tel 1st 30-year 5s.-.1943
Central Foundry 1st s f 6a
May 1931

Clearfield Bit Coal 1st 4s

82% Mar.

9

10334 Mar.

Sale

Chicago Rys 1st 5s stamped
Aug 1 1929 lnt 1#% paid
178,000 Chiids Co deb 5s

93% Mar. 18
4 10134 Jan. 20
17
Jan. 29

Mar. 30
Mar. 10

30 % Mar.
2934 Mar.

70

5s

Mar.

14

13

Mar. 14
Mar. 17

100% Mar.
7534 Mar.

1938
Camaguey Sugar sink fund 7s ..1942
Canada Steamship Lines 1st 6s..1941

Chic Gas L & C 1st gu g

5

90
100

8

Jan.

44

Mar. 10

Sale

Sale

f g 534s

Cent Hud G A E 1st 5s

7334 Mar.

Jan.

10134 Mar. 11
3
95% Feb.

93% Mar. 18

Sale
Sale

76

s

42

101

Sale

1939

Conv deb

Mar.

9034 Mar.
9934 Mar.

Sale

Sale
76

f g 5s

1
2

Mar. 31
;
1 Mar. 30

79
69

1 10134 Mar. 11

Sale

Sale
Sale

8

Feb.

70

Mar. 31
Mar. 30
Mar.
8

}932

Cat Gas Ac El Corp unlf 8c ref 5s..1937
Calif Packing conv deb 5s...... 1940
8

79
69
63

43

1952

deb

1

140

1950

.......

conv

38

Sale"

80

Consol 5s
1955
Bush Term Bldgs 5s gu tax ex
1960
By-Product Coke 1st 5 34s ser A..1945

Calif Pet

Mar.

1234 Mar.
80

15
Sale

15
Sale

58

1981 F

Bush'Terminal Co lst4s

30

13

7534 Mar. 17

a78

101)4 103
106)4 109

...1936

Convertible debentures 5 s
Buffalo Ac Susq Iron gen s f 5s..
Buffalo Gen Elec 4348 ser B

Jan.

97
Sale

5654

..1947

A

Feb.

7

Sale Prices.

85

Brooklyn Un El 1st g 4-5s
1950
Brooklyn Union Gas Co 1st g 5s.1945
ser

22

100% Sale
100% Sale

53

.1941

Brooklyn Rap Tr 1st refcon g 4s 2002

1st lien & ref 6s

2

9934 Mar.

3

...1968

.......

Mar.
Mar.

""2)4 "4~~
6554
100%
82)4

Highest.

Prices.

Mar.

10034

Sale

Sale

Bklyn Queens Co Ac Sub gtd 5s—1941
1st 5s stamped

7534 Mar. 17
7334 Mar. 2
63
55

Sale

94
Sale
30 34
Sale

25

Broadway Ac 7th Aye 1st con 5s_.1943
"i",66o Certificates of deposit.
12,000 Brooklyn City RR 1st 5s
—1941
203,000 Brooklyn Edison Inc gen 5s A
1949

53,000

Sale

Sale

Bowman-Biltmore Hotels 1st 7s..1934

1,651.000 Bklyn-M

Mar. 28

Sale
Sale

L01

1960

Beneficial Indus Loan deb 6s

80
73%

99% 101

Batavian Pete gtd deb

9

Sals

1234 Mar.

30

2534 Mar. 29

10

41% Sale

1959

Sale Prices.

16

95

f 5s_. 1940

First 5c ref 5s series C

30

Highest.

Sale Prices.

Ask.

55% Sale
a 100%
Sale

..1937
s

Lowest.

Lowest.

10

5

..1947

Atlantic Refining deb 5s

26%
Sale

12%

73,000 Armstrong Cork cony deb 5s..
1940
37,000 Associated Oil 6% gold notes... 1935
Atlanta Gas Light 1st 5s

Ask

25

2534

Armour Ac Go. 1st real estate 4H* 1939
Armour Ac Co of Del 1st 6%s
1943

Atl Gulf Ac W I SS Line coll tr 5s

March 31.

Bid.

war *45
Antilla Sug (Gorap Azuc) 1st 7%s '39
Ark Ac Merap Bdge At Term 1st 5s_1964

38",666

RANGE SINCE JAN. 1.

Jan. 2

Bid.

114,000
23,000
1,000
230,000
2,000
141,000
210,000
154,000
200,000
63,000
412,000

37

EXCHANGE-BONDS

N. Y. STOCK

8

Mar. 11
Jan. 25
Mar.

Mar.

9
9

2134 Mar.

^2

50

Feb.

29

76.
Mar.
76% Mar.

9
9

4

82

Mar.

9

24

66

Mar.

3

N. Y. STOCK

28

EXCHANGE-BONDS

BONDS

March.

K.

Value.

Y.

Jan. 2

Ask.

Bid.

$

lW'
36,000 Federated Metals conv 7s
1946
276,000 Flat deb s f 7s
...1941
67,000 Flak Rubber 1st s f 8s—
52,000 Framerlc Ind Ac Dev 20-yr 7M*.^1942
1943
15,000 Francisco Sugar 20-year f Us
........I'M
14,000 Gannett Co deb 6s
Gas 8c Elec( Bergen Co) 5s
1949

J

75

Salo

75

Sale

75

Mar.

88%

80%

Sale

20% Sale

79

Mar. 28

Sale

Sale

20

Mar. 29

75
81
26

83

Mar. 28

84% Mar.

15

Mar.

71

Mar.

Sale

23

M S

22

89%

91

M

15%

30

A

76

77

Sale

16

71

F

74

99.666

1934
1952
General Baking deb s f 5U«----.1940
General Cable 1st 8 1 g 5U« A
1947
General Elec deb g 3Us
...1942
General Elec (Germany) 7a
1945
Deb 6%u without warrs attached..
S f deb g es._.
1948
Gen Motors Acceptance deb g 6s .1937

86

P

"33"

S

Gelsenktrclien Mining 6s

Sale

79

A

Gen Amer Investors 5s

O

89%
40%

J

F

A

90%
Sale
98%
Sale

J

3614

D

Sale

M N
F

97 %
96 %

A

15 1946
General Public Service deb 5^8-1939
Genl Steel Castings 1st 5 Us
1949
Gen Theatres Equip deb 6s...—1940

A

341.000 Good Hope Iron 8c Stoel sec 7e.. 1945
1947
67,000 Goodrich ( B F) Co 1st 6%«

Sale

s

f 5k..Aug

152,000,Gotham Silk Hosiery deb 6s
14,000, Gould Coupler 1st 15-yr s f 6s—
47,OOOjGt Cons El Pow (Japan) 7s
97,000j
1st 8c gens f g6U«
—
94,000 Gulf States Steel deb 5U«
3,000'Hackensack Water 1st 4s..

66,OOOiHansa S S Line* 6s with warr—
85,000 Harpen Mining 6s with warr —
21,000 Havana Elec Ry cons g 5s.
Deb 5Us series of 1926
3,000
16,000 Hoe (R) fit Co 1st 6Ha A..
4,000 Holland Amer L 6s (flat)
119,000,Houston Oil sink fund 5U«
118,000 Hudson Coal 1st a f 5s series
4,000 Hudson County Gas 1st 5s
210,000 Humble Oil fit Ref 5U«—
Deb gold 5s temp...
106,000
...

3% Sale

7,000

Intern Paper

conv

s

Deb 58

ser

75% Sale

1950 J

56%

Sale

1942 J

34

Sale

1952 J

85

1933 A
1949 J

18

1952 F
1951 M S

20

1934 A O
1947 M N

16

6%

1940 M N

65%

70%

A'62 J

D

39

46 %

1949 MN

100

J

99% Sale

1937 A

O

99

A

Sale

100% Sale
96 % Sale
24

Sale

M N

17

M N

95

100

A

O

75

Sale

F

A

A

O

73%
9%

21%

75
12
Sale

32

Sale

25

20

25

2P

6%

9%

97

Sale

98%

Sale

99% Sale
96
95%
23% Sale
12

Sale

Sale

26%

3
2

50% Feb.

5

34

Jan.

5

49

Feb.

2

74% Jan.
52
1

20
Mar, 30
Mar, 16

80

3

61% Feb. 18
7% Jan. 15

27% Mar. 30

40

Jan.

8

Jan.

4

75

Feb.

29

36% Jan.

28

Mar.

Mar.

1

Mar.

7
11
31
24
2
3
17

82x4 Mar.

2

IP

Mar.
Mar.

58% Mar.
Mar.

60

33

Mar. 30

38

Mar.

85

Mar. 12

85

Mar. 12

14

Mar. 30

21

Mar. 22

Mar. 29

22% Mar. 22

31
100

rW*
23

Mar. 18

7

Mar. 30

18

3

Mar.

Mar. 22

IW

Mar. 29

37

8 100

Mar.

4

Mar.

Mar. 12
Mar. 17

8
Mar. 17
Mar.

Mar. 11

99% Mar.

1

Mar.

2

20% Mar. 4
10
Mar. 19

102%
99%
27%
rl3%

Jan.
Feb.
Mar.
Mar.
Jan.

22
20
17

4 r43% Mar.
a26% Jan.
Feb.
22% Mar. 22 25

4

69
60

Jan.

38

78% Feb.

85

25
14

Mar. 30

27

1

Feb.

1

Mar. 30
17% Mar. 3
53
Mar. 22

28

Jan.

21

10

Feb.

19% Mar. 17
70% Jan.
8

Mar. 29

21
19
28
23

14

8

Jan.

98

Mar.
Mar.
Mar.
Mar.

12

25

5

31

99% Jan.
94

Jan.

44

Jan.

14

100% Jan. 15
100% Feb. 29
28
99% Jan.
7

104

96% Jan. 29 102% Mar. 21
93% Jan. 29 99% Mar. 19
Jan. 15
20% Mar. 4 30
Mar. 19
Feb. 10

18

Jan.

11

96

Jan.

12

79% Mar. 2
77
Mar. 3
9% Mar. 14
% Mar. 2

84

Mar. 11

74

Jan.

7

84

Mar. 11

92

79%

82

Mar. 11

6
73% Jan.
9% Mar. 14
2
% Mar.

82

Mar. 11

12

Sale

Sale

59

Mar.

5

40

4

59

Mar.

5

40

Jan.
Jan.

2

59

27% Jan.

5

44% Mar. 10

52

Mar.

2

9% Mar. 14
% Mar. 2

Sale

Sale

52

Mar.

2

59

32

Sale

Sale

35

Mar.

2

44% Mar. 10

60%
57%

72

Sale

Sale

71

Mar. 17

79

Mar.

5

Sale

44

Mar. 31

55% Mar.

3

63%

50

32

Sale

Sale

32

Mar. 28

57
44

66

Mar.

Mar. 28

53

Mar. 11

15% Mar. 28

53

Mar.

Sale

Sale

40

49

Sale

Sale

52

Sale

Sale

16

Sale

48% Sale

Mar. 28

Sale

48% Mar.
51% Mar.

3
2
4

Sale

52

Sale

M

S

Sale

30

Sale

Sale

29

Mar.

J

J

Sale

43%

Sale

Sale

30

Mar. 30

8

3

Mar. 12

Mar. 11
Mar.
Mar.
Mar.
Mar. 23

J

Sale

53

Sale

Sale

31

A

Sale

47

Sale

Sale

30

Mar. 29

36%
46%
55%
52%

D

Sale

55

70

65

1948 A

O

77

55

60

59

55

Mar. 28

58

A

O

65

55

65

Feb.

60

2

38

Feb. 25

15% Mar. 28
45

56

79

Mar. 28
2

Jan.

Feb.

10

27

Feb.

10

30

Mar. 30

31

Mar. 29

30
60

Mar. 29

55

Mar. 28

Feb.
Jan.
Feb.
Mar.
Jan.
Jan.
Mar.

45

Mar.
Mar.

38

5
5

Mar.
5
Jan. 19

r!01%Feb.

56% Mar. 29

16

57% Mar.
52% Mar.

91% Mar. 14
% Mar. 2

5
Jan.
Mar. 31
9

32

34% Mar.

56% Mar. 29

Sale

50%

10

101% Feb.

100

O

8

2
50% Feb.
43% Mar. 18

3

36

~45~"

6

23

4

46% Mar. 7
82% Mar. 11
80% Mar. 31
25% Feb.
5

20

Feb.

70

Jan.

91

Sale

18

80% Sale
78% Sale
12
9%

55%

Jan.

72% Jan.

Mar. 31

Mar.

2
100% Mar. 16 100% Mar.
Mar. 12
99
96% Mar. 2

95

11

3% Mar. 30

16

Mar. 21

,8*
11*

Jan.

96

2
43
Mar. 10
28% Jan.
2 102% Mar.
5
97% Jan.
95% Feb. 18 100% Mar. 21

Mar. 10

91

52%

1

Mar.

75

Sale

Jan.

9
6

70% Jan. 21
54
Jan. 14
62% Feb. 17
64
Jan. 15
54% Jan. 15
56
Mar. 12
38% Jan. 15
51
Feb. 17
59
Jan. 14
54% Feb. 17
60
Jan.
2
60
Jan. 13

65

1947

J

J

Mar. 29

93%

95

90%

Sale

Mar.

94%
80%

92%

Sale

Sale

Mar.

95% Mar. 15
96% Mar. 28

il*

78%

Sale

Sale

Mar.

86

Sale

26

Sale

Mar.

23% Mar.

1

43

53

Sale

20
Sale

91%
90%
74%
18%

Mar.

43

57

Sale

Sale

Mar.

Mar.
Mar.

1

Sale

53
65

5

49

68

70

70

Mar.

68

Mar. 24

68

50
70

70%

120% 140"
63

120% 135"
72%
68%
95

106% 108
56

61

91%
92
42% Sale

92

73
68

93%
93%
74%
Sale

70

84

Mar.

J

1954
C.....1954

12*

J

88
89

1933

...1933

3

93%
62

Sale
67%
69

39%
39%
40%

97

Sale

55%

64%

88

64%

9

62
93

Jan.
Jan.
Jan.
Feb.

4

13

68

Jan.

9% Mar.

84

Mar. 31

89

Mar.

8

84

Mar. 31

89

Jan.

88

Mar.

93

Mar.

9

80

Jan.

3

Mar

."5 166% Mar."5

96% Jan.
39% Jan.
35
43
41

39%
115% Mar."26 119
98% Mar. 2 102
85
Mar. 16
90%
68%
63% Mar.

Mar. 16
Mar. 15

Mar. 10
Mar. 31

57

4
13

4

8

90
90
93

2
14

14

Jan.
5
Jan. 26
Mar. 9
5

9
2

39%

Feb.

5

43

Jan.

6!

41

Jan.

6

9 119

Feb.

23

4 102

Mar. 15

171

Jan.
Jan.

Jan.

98
78

25 100% Mar.
Jan.
29, 44

Feb.

115% Feb.
96% Jan.
75% Jan.

11

27

14% Mar. 16

Mar. 28

14% Mar. 16

Jan.

56

2

Jan.

69

2

Mar. 26

91% Jan.
59% Jan.

2

Feb.

93

9% Mar.

Mar. 10

98% Mar. 30

92% Jan.
Feb.
Jan.
75% Jan.

4
6

80

68% Mar. 28

96

12 109

Mar. 29
3

Mar.

42%

115% 117
99% 101% Sale
Sale
85% Sale
Sale
68% Sale

106

72% Mar. 10
72% Mar. 12

166%

100%

120

Sale

78

Jan.

95

40

50

70

88

Mar. 28

99%

119

5

24'

Jan. 13
98% Mar. 18 102
120% Mar. 23 123% Mar. 29

Mar. 11

55

50

116

Mar.

69

88
89

43

1944 A

100% 103
Sale

F

A

1941
58,000 McCrory Stores deb gold 5U*
MctCesson & Bobbins deb 5Us
1950
434,000
1942
3,000 Manari Sugar 1st s f 7Uk
Stamped Oct 1931 coupon on..1942
6.000
273,000 Manhattan Ry (N Y) con g 4s....1990

J

D

75

M

N

60

Sale

A

O

10

19

84

MN

96% Sale
36
Sale

O

3

O

30

2013

D

1953

8

!.1943
7,000 Mfr tr ctfs, Namm A Son 6s
1947
10,000 Marion Steam Shovel s f g 6s
Apr 1940
82,000 Market Street Ry 1st 7s
35,000 Mead Corp 6s with warrants.....1945
1957
67,000 Meridional EI 1st 7s...
7,000 Metropolitan Edison IstAref SsC.1953
1st g 4 Us series D
1968
72,000
Met Water, Sewer A Drain
5U®..1950
74,000
1,000 Met West Side Elev (Chicago) 4s. 1938
1956
2,000 Miag Mill Mach 1st s f g 7s.
1936
198,000 Mldvale St AOrd conv s f 5s
156,000 MilwEl Ry ALt 1st A ref 5s ser B 1961
1st mtge gold 5s
1971
76,000
215,000 Montana Power 1st A ref 5s A.—1943
Deb gold 5s series A
1962
17,000

D

Deferred delivery.

Sale

55

F

2d 4s

84

90

44

5s..
1951
117,000
1952
251,000 Louisv Gas A El 1st A ref 5s
17.000 Lower Austrian Hydro-Elec 6 Us. 1944

Manila EI Ry A Lt 1st 5s

84

Sale

41

54

65

5
4

5

90% Mar. 10
70% Feb. 11

J

warrants

Lorillard (P) Co 7s

9%

89%
99%
99%

.....

8

93% Mar. 31

84

90

100%

20

16
45
a47% Mar. 15
8
Feb.
91% Mar. ID a85
57
Mar. 3!
10% Mar. 28

95%

1934 F
...1944 P
1st A refunding 5s....
1954 F
F
1st A refunding 5s
1964
First A ref sinking fund 5s
1974 F
A
1944
47,000 Liggett 8c Myers Tobacco 7s
5s
1951 F
123,000
Loew's Inc deb s f g 6s
1941 A
176,000
1952 A
56,000 Lombard Elec 7s without warr
First fit ref sinking fund 5s
1st fic ref s f g 5s

7

Feb.

Mar.

Mar.

16

63

Mar.

26,

Jan.

25% Jan,

71

24

Mar.

Mar.

95% Mar. 15
96% Mar. 28

13; 86

109

Sale

89

"87%

16
28

87%

89%

88

90

10;

2

56

Sale

10% Sale

Sale

J
J

Lehigh Valley Coal 1st 5s

13%

Mar.

98% Mar. 30

Jan.

115

Sale

94% Sale
71% Sale
81%

76

Mar.

98%

105% 108
46%
84%
53%

Mar.

122%

100

Mar. 24

101% Mar. 24
123% Mar. 19

Mar.

101

100 %
62

93%

1954
...

4%

*8

Feb.

61

30

Mar. 30

30

Mar. 11

95% Mar. 4
56% Feb. 29

Jan.

46

MN

...1955 F

Cons sink fund 4Us ser




Sale

Jan.

82

4

39

32

62%

warrants........

a

Sale

"§

43

3

93

1

65
Sale

1944
1947

...

612,000
12,000 Lehigh Coal fir Nav 4 U*

Cash sale,

16

17% "15% "28"'
15%
Sale
60
61% Sale
Sale
31
38
36%
99
99% 100% Sale
Sale
100% Sale
100%

Sale

5s series A.-.1947

Without warrants

r

33% Sale
87%
85%

Sale

74% Mar. 23

Feb.
89% Jan.
35% Jan.

5
1 102% Mar.
2 100% Mar. 21
Mar.
1
78

Mar.

4

75

4
3
Mar. 29
Mar.
9

7

Mar.

Mar. 23

20

32% Mar. 23

1

43% Mar. 2
70% Mar. 31

%»

1948 M N
A O

Lautaro Nitrate Co 6s

With

Sale

1932 J

M
8
10,000 Lackaw Steel 1st cons 5s ser A.. 1950
A O
135,000 Laclede Gas L ref fit ext 1st 5s.-.1934
Coll fic ref 5 U> series C
1953 F A
95,000
F A
Col & ref g 5Us ser D
1960
25,000

134", 005

90%
,

42

O

43

30

Sale

D

31

2

18

93

23% Mar. 2
53% Mar. 29
43% Mar. 18

54%

F

29

50
49

Jan.

2

Feb.

91% Jan.

Feb. 26

69

Mar. 11

28

9

95% Mar.
56% Mar.

78

44

A

82

Sale
24

J

Mar.

28

26

15

74% Mar. 23

78

Sale

f 6s

1st 40-yr gu Int red to

Sale

75

44% Sale
70% Sale

J

10",665

a3%

a28% Sale

Sale

J
7,000 KansasCy Pw fit Lt 1st g 4 Us ser B1957
1st M 4 Us.
1961 F A
141,000
Kansas Gas 8c EI 1st mtge 4U>—1980 J D
152,000
Karstadt (R) Inc 1st Mtge 6s
1943 M N
143,000
M S
1946
33,000 Keith Corp (B F) 1st ser g 6s
M S
55,000 Kendall Co 5%b with warrants._1948
J
Keystone Telephone 1st 5s
1935 J
1,000
1937
18,000 Kings Co E L fit Pow gold 5s
Purchase money 6s
1997
7,000
42,000; Kings Co Elevated 1st g 4s.._. .1949
1954
2,000, Kings Co Lighting 1st ref 5s
1st A ref 6 Us
...1954
4,000
1936
12,000 Kinney (G R) Co conv 7Us
1936
47,000 Kresge Foundation coll tr 6s
1959
2,779,000, Kreuger fic Toll 5s with war

40,606

Sale
Sale

Sale

B with warrants

Without

Sale

Sale

1941 A
J

_

Sale

52

62
Sale

3

Sale

1V*
50

......1955
Internat T fic T deb g 4U«
1952
Convertible debenture 4%k
1939
.

101%
99% 100%
Sale
76%

44

1944 F

Refunding 6s series A

Deb gold 5s
Investors Equity 5s A

Sale

75

Convertible debentures 5s....1941 J

Int Merc Marine 1st

34

Sale

40

101%

J

1940 F

686,000,Internet Hydro El deb 6s
International Match deb 5s

2,071,000
2,462,000
141,000
98,000
148,000
448,000
723,000
765,000

40
Sale

38

42% Mar.
a38% Mar.
32% Mar.
101% Mar.
98% Mar.
75% Mar.
52
Mar.
1
Mar.

Sale

deb 5s

conv

35

45

D

Certificates of deposit
2,000
1966 J
633,000 Interboro R T 1st fic ref 5s
J
Stamped..
1,973,000
10-year 6% notes
1932 A O
1,163,000
10-year 7% notes
1932 M S
634,000
...1951 M N
69,000 Interlake Iron 1st 5s ser B
Int Agri Corp 1st fit coll tr 5s....1932 M N
M N
Stamped extended to
1942
~6~, 600
Int Cement

Sale

31% Sale

1957 M N
D
1936 J

296,000 Illinois Bell Telep 1st 8c ref 5s A.1956
209,000 Illinois Steel deben 4%»
1940
186,000,Ilseder Steel Corp Mtge 6s—...1948
17,000 Indiana Limestone 1st s 1 6s....1941
Ind Nat Gas fic Oil ref 5s
1936
1978
104,000 Inland Steel 1st M s f g 4Us A
1st m s f 4U« ser B
1981
63,000
1956
4,000 Inter-Metrop coll tr 4 Us

184,000

49

60%

1945 J

t81,000 Goodyear Tire deb 6s
Convertible A Rubber 1st 5s
41,000

47

w*
42

78

J

94

98
Sale

97

98

O

Gen Petroleum 1st

35% Sale" r37~~
79
75% Sale
IV* 95
95%
95
94
57
45% 50
55%
Sale

20

81% Feb.

5

Jan.

82% Feb.

20

Mar. 23

1
2

Feb. 27

77% Jan.

1

32% Mar. 23
75% Mar. 31
94
Mar. 26
45
Mar. 22
93
Mar. 29

If;

74%

...

37,000
45,000
68,000
19,000
228,000
175,000
255,000
611,000
194,000
51,000
63,000
321,000

Sale

83

Sale

ip

J

1

75

Mar.
1
Mar. 17
Mar.
7

89

Highest.
Sale Prices.
80
Jan.
4

Sale Prices

Sali' Prices.

Sale Prices.

Ask.

Bid.

76%

J

M

Ask

80

D

J

Bid.

Lowest.

Highest.

Lowest.

March 31.

March 1.

1932.

EXCHANGE.

STOCK

RANGE SINCE JAN. 1.

MARCH.

PRICES IN

Price

Sales in

50
80

80%

9

Sale

35%
97%
84
30

O

Sale

M N

85
42

O

60

88

J

A

50
101

84

33%

85

Sale
45

16

25

90
Sale
91%
94
89%
91%
93% Sale

70

80

104% Sale
88% Sale
96
Sale
40
Sale

105% Sale
90

47
3

6

83%

33

Sale

Sale
79% Sale
90
94
82 % Sale
46% Sale
38%
48%
18%
25
93% Sale
88
Sale
88%
89
90% Sale
78
Sale
47

46

82

Sale

6%

3

47
3
5

Mar.

9

Mar.
8
Mar. 31

101% Jan.
81% Jan.

Mar. 10
4 108
26 92% Mar. 22
10 99% Mar. 15

91

Feb.

Mar. 19

34

Jan.

2

46

Mar. 19

Mar. 16

76% Feb.

10

91

Mar. 31
Mar.
9
Feb. 15

60

Jan.
Jan.

10

Jan.

59% Mar. 12
4

Mar.

9

6

Mar.

4

43% Mar.

7

47
3
2

37
30

Sale

71

97
Sale

79

Mar.

3

81

Mar.

78

Jan.

29

36

30

Mar.

8

83*

Mar.

1

33% Mar.
91% Mar.

21
83

Jan.
Feb.

11

34

Si*

37

Sale

50

Sale
95

IP

Sale

45%

Sale

33
28
Sale

2

Mar.

4

7

6

1

Sale

83

20"

28% Jan.

35%

20
2
9

43% Mar.

Jan.

80

79
30

2

Mar. 30
Mar. 31

Mar.

Sale

3

92% Mar. 22
99% Mar. 15

77

Sale

38% Sale
30
35%
50
101%

1

39

58

10

5

Sale

78%

Mar. 10

]

Mar.

95% Mar.

88

42

78%

108

104% Mar.

Sale

77%

4

92%

97

Jan.
Feb.

13
19

91% Mar. 30
Mar. 11

1

51

Mar

44

4

83

Mar.

76

94

Mar.

93

51
13
83
Jan. 13
Mar. 10 100

1

85

Mar.

79

Feb.

5

85

Jan.

5

50

33% Jan.

2

50

Mar.

Mar. 16

38

Mar.
Mar.

24

7

25

Mar.

29

Mar.

al9% Mar.

S88

93%

Mar.

1

97

Sale

88

Mar.

1

92% Mar.

89

Sale

88

Mar.

3

91

Mar.

93

Sale

Mar.

1

95

Mar.

76%

Sale

Mar. 31

81

Mar.

?8S

83
36

l6

Mar.

II*Mar.
Mar.
11* Mar.
38

8

Mar.

Mar. 31

Jan.

7
5
2

38%

Feb.

al9% Mar.
88% Jan.
87% Feb. 11

30

Jan.

97

Mar. 11

Feb.

2

95

87% Feb.
a73% Jan.

4

95% Jan.
82% Feb.

38

Jan.

*?■

I!

87

7

94% Jan.
Jan.

14
9
19
9

N. Y. STOCK
Sales in

%

N.

Y.

STOCK EXCHANGE.

P

Jan. 2

March 1.

1932.

Ask.

Bid.

'

Montecatlnl Min 8c Agr s f deb g 7s
tr ret* with deb stk put warr.. 1937
23,000
Without warrant*
126,000
1941
21,000 Mont Tram lat & ref A 5a
1955
General Ac refunding 5a A

Morris Ac Go 1st
-

*

-

1934

Nassau Elec guar gold 4 a
1,000 National Acme 1st mtge 6s....
939,000 National Dairy Prod deb 5)4*..

33,000

.......

24,000
132,000
132,000
57,000
59,000
27,000
46,000
174,000
206,000
20,000
76,000

.1947 F

A

.1956 A O

Newberry (J J) Co 5k»
New England T Ac T 30-yt 5s A.
1st g 4)6* series B...........

.1952 J D
.1961 MN

100k Sale

NewOrleansPS 1st Ac ref 5s A.
1st Ac ref 5s B

.1952 A O

Sale

N Y Dock 59-year gold 4s..
Serial 5s g notes

.1951 F A
.1938 A O

N Y Edison 1st Ac ref 6)6*..
1st lien At ref 5s B

.1941 A O
.1944 A O

N Y Gas El Lt Ht At Pow 5s

.1948 J

D

.1949 F

A

.....

Purchase money coll tr g 4s.
N Y L E Ac W Goal At RR

.1955 J

.1943 J
.1942 J

....

.1942 J
1942 A

Jan
Certificates of deposit.. Jan
N Y Rys Corplnc 6a..
Jan
54,000
Prior lien 6s series A

"6"O5O
6,000

1952 MN
1962 MN

N Y State Rys 1st cons 4)6*
Certificates of deposit

1947 MN
1951 M N

....

—

50

40

k
31

1
34)6
Sale

98

1)6
X

5
3

3
104

102

MN

99 X

J

D

A

69

72

98
71

O

91

MN

58

MN

24
20

M S
F

A

M

S

F

A

25
Sale

82
81
84

MN

Sale

81

85
Sale

M

S

92)6

O

O

95
Sale

95
102

J

54

Ohio Pub Service 1st Ac ref 7)6*.. 1946 A O
24,000
1st Ac ref 7s series B
1947 F A
16,000
Old Ben Coal 1st g 6a
1944 F A

103)6 107

296,000

121*606

.......

1943 F

A

1950 J

Ontario Power N F 1st 5s
Ontario Power Serr 1st 5 ^ s
Ontario Transmission lat 5s.
1 g

1945 MN
1941 M

8

1942 J
1936 M

J

S

1937 J

J

Pacific G Ac E gen Ac ref 5a...
Pacific Pub Serv 5% g notes
Pacific Tel Ac Tel 1st 5s

1952 MN

39-year 5s series A..

deposit........

1951 J

J

Is.... 1947 J

D

Paramount B'way 1st

58*666

Paramount Fsbllx Corp

...

5)6*.... 1950 F

A

1943 A O
....

1947 M S
M S

Phlla Company secured gold 5s. 1967 J D
Phlia Elec Co lat 4)6*
1967 MN
....

.......

Pirelli Co (Italy) cony 7s
1952 MN
15,000 Pocahontas Con Coll 1st s f 5s... 1957 J J
6,000 Port Arthur Canal 5c Dock 6s.... 1953 F A

534:000 Portland Gen Elec 1st 5s..

....

1953 F

90
Sale

100

100)6 Sale
12

13

12H "75""

66
46

40k

Mar.
Mar.

58

47k

90
58k
93k Sale
9

14

Sale

88
83

102 k
89

74k

75

102 k Sale
Sale
97
Sale
76
75
54 k

76
Sale

Sale
34
109 k Sale
Sale
101

88
74
100

40

50

nnA

E 5c G 1st 5c ref

J

J

J

J

J

J

J

8*
40k

44k
Sale
109 k
95)6

84)|
106

lk

1970 F A
1971 A O

1st 5c ref gold 4s

A

1940 M

S

95

k

50

42 k

90

94k

91k
ik

lk
13

2k

105
97

Sale
Sale
Sale

67k

78

94

97

70

Sale

32

1

lk

Sinking fund gold 5)6*
f g 5s

for deb 6s & com stk

Sale

85

Sale

58k
64k
41k Sale
49

Sale

93k 100

87k

1948 J

J

......

75 j

f 5a

1940 A O

Ref 5c gen 5)6s A...
1953
Revere Cop ft Br 6s
July 1948
Rbeinelbe Union s f g 7a........ 1946
Rhine-Ruhr Wat Serv 6s
1953

J

73k Mar.
54
32 k
108
99 k

Mar.

J

J

J

J

Direct mortgage gold 6s....... 1952 MN
Cons mtge6s................. 1953 F A
Cons mtge 6s with warrants... 1955 A O

Cash sale,




a

Jan.

11

95k Mar. 10

96
88
74

ffl*
80

69k Jan.

Mar.

58
43

Mar. 13

60

Jan.
Jan.

8

Mar.
Mar.

80k Mar. 14

Jan.

Mar. 11

58
43

Jan.
Feb.

106k
97 k
100k
87 k

Mar. 11
Mar.
7

98
82

91k Feb.
Jan.
68 j
70
51
32

Mar. 18
Mar.
9

Feb. 16
98
95 k Jan. 11
81k Jan. 27
Mar.
9
104

Jan.
Mar.
Mar.

97k Jan.

Mar.
Mar.
Mar.

80k Mar.

Mar.

50

Mar.

Mar.

9

109k Mar. 10
103 k Mar. 10

Jan.
Feb.
Jan.
Feb.

Mar. 30
Mar. 15

105
95

50

lk

Sale
95
3k
13

7k

18 k

20
Sale

85 k

Sale
Sale

93 k
85

Sale

95 k
97 k

Sale
99
101k 103
92

60 k

102 k 107
100 k Sale
15 k
90
56
86

67

20
91k
Sale
91

Sale

P

Sale

a85 k

Sale

26

a88k Sale
82 k Sale

"95k Sale
.01* 104
94

Sale

63

62k
102

64

Sale

67

Sale

34

Sale

99 k Sale
93
86

87 k
87
Sale
100 k 101k 102
100 k Sale 100 k Sale
101k 101k 101* 101
18
19
14 k

Sale

95k
95k
101k
91 k
60k

67
34

89k
k

1
Mar.
Mar. 30
Mar. 31
Mar. 17

Mar. 18

23 103 k
1 102 k
7
18k
Mar
5
95
Mar, 31
64
Mar, 30
95

Mar.

Mar,

Mar. 24
Mar.
9

Mar, 31

97
77

Sale

74

Sale

86 k Sale
105 k 106
95 k Sale

Deferred delivery.

80

Mar.

94

90

89k
66 k
41 k
55 k

Mar.
Mar.
Mar.
Mar.

40
53

Mar.
Mar.

50k Mar.

9

Mar.

8

99

Sale

98k Mar.

106 k 112
97 k Sale

41k Mar.,26
84
Mar/31
106

1

84 k

94 k

Sale
87 k Sale
63 k Sale

97 k

48
Sale
53 k Sale

Mar.
Mar.
Mar.
Mar.

29
11
16

Mar.

7

31

61
89

80
80
Sale

39k

55
93
35

79k
79k
Sale
96
38k

98k Mar. 15
92k Mar. 12
67
62

33

64k Mar.

Mar.

5
Sale

73

67

Sale

66

Sale

75

75

101
74 k Sale
43 k

Sale

76

81

47k

53

Sale
Sale

38 k Sale
37 k Sale
38

Sale

31k Mar.

1

67

Mar. 22

98
98
93

Mar. 12
Mar. 11
Mar. 31

76
73
79

Mar.
9
Mar. 12
Mar. 11

5

Sale
Sale
Sale

71k Mar.

74 k

8*
If*
g*
a39
33

Sale

Sale
80

Mar. 12 101

Mar.

Mar.

2

Mar.

1

Mar.

7
3

Mar. 24
Mar.
8
Mar. 14
Mar. 23

Mar.

1

90
73
43 k
80
51

70
Sale

a25k Mar. 31

23
Sale

21
a39

Sale

31k Sale
30

1

66
Mar. 25
72 k Mar.
1

52k Mar.

88

94

53
Sale
31
Sale
22 k Sale
53
Sale

7

96
Mar. 17
42 k Mar.
9

Sale

Mar. 28
Mar. 31

32k Mar. 28
29k Mar. 28
29k Mar. 28

75
54 n
85
61
56
33

II"
39

7

Mar. 20
Mar. 11
Mar. 11
Mar.
1
Mar. 11

37k Mar.
38 k Mar.

1

1

12

Feb. 25
Jan.
2

98

2k Jan,

7

Mar. 15

1

2k Mar.

1

5 106
25! 98

Mar. 15
Mar. 2
Mar. 24! 94k Mar. 22
94
95k Jan. 29 100k Mar. 9
70
Jan.
4
65k Jan.
97
Jan. 11
86k Feb.
58
Jan.
70k Mar. 2
35k Mar. 10
26 k Mar. 11
Mar. 12
88
Mar.
5
91

24k Jan.
17

Feb.

80

Feb.

82

Jan.

85
78

Jan.

100
91

Jan.
Feo.

49

89

Mar. 12
4
99 k Mar.
12 105 k Mar. 11
97k Jan. 15

101

Jan.

15

83
50
80

Feb.
Jan.

Jan.
Jan.

Jan.

50 k Feb.

34

Mar. 11

65

106k Jan.
104k Jan.
20
Feb.
95
Mar.
64
Mar.
95
Mar.
71k Mar.

98k Feb.
99

Mar.
2
Mar, 10

94

Jan.

90 k Feb.
94
Jan.

Mar.

50

J an.

94k Feb.

8 alOl

Jan.
Feb.

14 88
13 rl03

87
r97

96 k Feb.
100
Jan.

12k Jan.

9 102

15
23
29
11
11
11

24
14

Mar. 19
Feb.
9
Jan. 13
Jan.
9

4 alOlk Feb. 1
21
Feb. 15
_

_

19

64

Mar. 28

82

42

Mar. 26

60k Mar. 10

37k Jan.
15
11

4

Jan.
4
Mar. 31

99k Jan.
Jan.

4
4

55
26

4

81

103

Jan.

92k Feb.

2
6

90

37
45
94
80
80
80

Mar. 17
Mar. 21
Jan.
4

59

89
33

Feb. 11
Mar. 28

20k Mar. 29
56
Feb.
5
91k Feb. 24
91

Feb.

11

83

Jan.

30

4k Jan. 25
67 k Jan.
6
65
68

90
67
37

70

Feb.

Jan.

9
9

Jan.
8
49k Jan. 22
25k Mar .31

29)
28)

Mar. 19
Mar. 11
Jan.
5
Mar. 31
Mar.

7

92
89

80

Mar. 21
Feb. 20
Mar.

8

Mar. 21
Jan.
Jan.
Jan.

13
4

4

65k Jan. 22
98k Jan. 22
42k Mar. 9
39

Jan.

67
98
98
93

Mar.
Mar.
Mar.
Mar.

4k Jan.
76
73
79

5
22
12
11
31

25

Mar. 9
Mar. 12
Mar. 11

Mar .12 104 k Feb. 16
5 85 k Feb.
Jan.
5
Jan. 30
54k Mar. 8
Jan. 12 85
Feb. 10

39

20
a39
30

15

98k Mar. 15
Mar. 12

Feb. 11
92k
8
Jan.
67
6
Jan.
53
5
Jan.
62
1 101
Feb.

83

Jan.

Mar. 10
Feb.
8

23k Jan. 30
99k Jan.
4
80k Feb. 19

43 k
Jan. 30 89k
Feb. 16 107k
9
97 k
89k Feb.

40k Jan.

Mar, 21
Mar. 2
Mar. 21

2k Jan.
50

25

54k Mar. 28

72

94

21

88
80

54k Mar.
92k Mar.

96
Sale

Sale
70

.

101

Mar.
Mar.

8*

VP

Mar

Jan.

103 k Jan.
94
Jan.

82

Sale

86

6

k Feb. 17
Mar. 15

2

59

84k
94 k
87 k
63 k

43
Sale

k Jan.

32 k Jan.
8
92 k Mar. 29

8

Sale
Sale
90k
Sale
Sale
Sale

84

93

Sale
Sale

1

60k Mar. 10

43 k
89k
Mar. 7 106 k
Mar^ 2 97 k

41k

Sale

60
Sale

9

Mar. 29 55
Mar. 10
Mar. 28 22
Mar.
3
Mar. 31 al6k Mar. 24

Sale

Sale

Mar.

Mar.29

80

40 M Sale
25

42

311

1101 k Mar. 16

20k Mar.
21k Sale
a63
Mar.
68
75
97k
97k 93 k Mar.
95
Mar.
96 k Sale
86
Mar.
93
Sale

60
Sale

7

Mar.

Sale

Sale
22

67

31)

9

7
Mar. 29
Mar. 26
Mar. 11
Mar. 11
Mar. 11

72

11

63 k
42 k

41

65k

Mar. 11

Mar. 28
Mar. 26

15

58k Sale

51
30
20
55
32

65

Mar. 15

80

Sale

Mar. 11
Mar. 12
91
Mar.
5
94
Mar.
2
89
Mar. 10
101
Mar. 12
99 k Mar.
4
105 k Mar. 11
94
Mar. 19

IS**
88

19

80

68 k

2

35k Mar. 10

Mar. 28

85

70
63
70

Mar. 28

70k Mar.

14

88k

5
Sale

Mar. 22
Mar. 9
Mar. 11

2 101k

80

~

Mar. 15
Mar.
2

99k Mar.
101k Mar.

83k

96

1

Mar.

89

88

Mar. 15

Mar. 19

85

65k
Sale

1

2k Mar.

1 olOl

80

99

8

4102

88

Sale
31k Sale

9

Mar.

100 k Mar.

89
80

93
37 k

Mar. 28

98 k Mar.

13k

42

Mar.

95

101k Mar
Mar
Mar

64
42
38
20
11

69
Sale

Sale

20

1

48

13k

12k
72

Mar. 15

27 k Mar. 29
20
Mar.
3
82
Mar. 29
85
Mar.
1
a88k Mar. 31
82
Mar. 28

104 k 100 k
18
20
15k
92
95
Sale
53
54 k Sale
90
90
95

101

Sale

44

1

2k Mar.

"2k Mar.""8

105 k 104k Mar.
2 106 *
95
Mar. 24 98
95 k Sale
94
Mar. 24
94 k Sale
94k
97 k Mar.
99 k Sale
1 100k
Mar.
2
70
66k 67k 68
91
97
95k Mar. 3 97

Sale

84

lk Mar. 29
42k Mar. 31
92k Mar. 29

92

J

M 8

Rhine-West Elbe Power 7s...... 1950 MN

r

4

40k Mar. 28
5 95k Mar. 8
Jan. 18
8 100

58

Mar.

104
98
82

Mar.

80

1937 MN

Remington Arms 1st s 16s_...... 1937 MN
5)6* A with warr..... 1947 MN
s

Jan.
Feb.

15

85

79k Mar.

Mar.

Mar.

89

J

Rem Rand

Republic Iron 5c Steel

85
93

88

Mar.

93)

Radio-Keith-Orpheum part paid Ctf8
-

Mar.

80

102

98 k Sale

96 k

110,000

53,000
161,000
15,000
110,000
15,000
197,000
60,000
79,000
121,000
492,000
213,000

Feb.

77

-----

""lk "2k

75

"85k Sale"

D

1st 5c ref 4)6*

s

60

4
40k Mar. 18
69k

95

43 k

A"

49
26

J

4)6«— 1967 J

130,000 Punta Alegre Sugar 1st cony 7s.. 1937 J
Pure Oil Co s f g 5)6 % notes..... 1937 F
137,000 Purity Bakeries Corp

15

Mar. 15

81k Mar. 18
84k Mar. 9

90
90

43k
k

Feb.

80

41k Jan.

Mar.
Mar.

95k Mar.
14k Mar.

Mar.

72

13,000 Public Serr

50

88k Mar.
14k Mar.
75 k Mar.

72 k

48
Sale

102k

A

4)6*.. 1960 M S

1935
Porto Rlcan Am Tobac cony 6a.. 1942
48,000 Postal Teleg 5c Cable coll 5s
1953
532,000 Pressed Steel Car 10-year 5s
1933
Ann

M'«n

86k

101)6 Sale

15

1st mtge 6s series B..
Portland General Electric

95

Sale

99)

12

J

139,000
1st Ac ref g 4s
1971 J D
113,000 Phlla At Read C At I ref 5s
J
1973 J
51,000
Cony deb 6s w i_.
1949 M 8
369,000 Phillips Petroleum deb 5
1939 J D
k*
325,000 Pillsbury Flour Mills
20-yr 6s.... 1943 A O
54,000

*

80

50

"43"" "45"

J

34,000
577,000 Peoples Gas Ac Coke 1st 6s
3,000
Refunding gold 5a
50,000
Registered.

,zr-z--

92%
47

Parmeiee Trans conv deb 6s...
1944 A O
Peterson Ac Passaic G At E 5a_.... 1949 M 8
Pathe Etch deb 7s with warr... 1937 M N

Park-Lexington leasehold 6)6*.. 1953

Penn Dixie Cement 1st 6s A..... 1941 M S
Penn Pow At Lt 1st M 4)6*
1981 A O

183~,666

85

1963 M S

5s

5)6*
39:656 ;Paramount-Famoua-Lasky

102
Sale

100
15

J

44,000 Pan-Am Pet At T
conv s f 6s
1934 MN
57,000 Pan-Am Petr
(Call 1st g 6s..._. 1940 J D
26,000
Certificates of

165,000
422,000
7,000
31,000

47
58

12

67

94 k

90

90
40

~97k Sale" "97k Sale"

1957 MN

n

Mar.

100

103 k Mar.
105
Mar.
95
Mar.

MN

1941 A
1934 J

g 6s series A

94

95k Mar. 8
97k Mar. 16

4

109k Mar.

lk

104
97

sec

Mar.

_

Mar.

Mar.

97)6
101
40

1941 A

North States Power 5a A

127,000
1st ft ref 6s series B
72,000
Northwest Teleg 1st 4)6*..
4,000
Norwegian Hydro-El Nit 5)6 a
113,000

Otis Steel

40k Mar. 28

85

26
2

68

60
Mar.

Mar.
102 k 102 k 106 k 102 k Mar.
102
92 k
91k
88k
89k Mar,

_____

49,000
156,000
1st mtge 5s
1956
518,000
N Y Tel 1st Ac gem I 4)6*
1939
527,000
N Y Trap Rock 1st s f g 6s
1946
20,000
Nlag Lock At Ont Pow 1st 5s A.. 1955
11,000
Niagara Share deb 5)6*..
1950
68,000
Nordeutscbe Lloyd (Bremen)—
1947
30-year s f 6s
273,000
No Amer Cement deb 6)4s A
1940
24,000
North American Go deb 5s
1961
209,000
North Am Edison deb 5s ser A... 1957
59,000
Deb 5)6s ser B
Aug 15 1963
98,000
Deb 5s series C
Nov 15 1969
149,000
Nor Ohio Trac At Lt gen At ref 6s. 1947
81,000

Oslo Gas At Elec extl

Sale
Sale

1962 MN

6)6* series B

New York Steam 1st 6a_......
1st mortgage 5s

11,000
50,000
35,000
7,000
12,000
32,000

Sale

108 k

O

1965 Apr
J
1965 J

.......

con

40k Mar.

Jan.
Jan.

75k Jan.

1942 AO

N Y Ac Rich Gas 1st 6s A...'

1st

Sale

99 k

J
J

Sale

55 k

D

j

Sale

93
77
77

5)6*.....1942 MN

Certificate* of deposit
Adjustment Income 5u

3,000

90
82

.1940 A O

Dock At Impt ext 5s
New York Rys 1st Ac ref 4s

10,000

98

77

Mar.

50k
89k

—

45

95

80
Mar. 15
81k Mar. 28
84k Mar. 9

75

40k

47k

82 k
79

.1948 J D
.1960 AO

74k Mar.
82k Mar.

73

95
80

17
9k
75k Sale

Sale Prices.

78

95k

90
Sale

Sale Prices.

77 k

90

45 k
59
92

Highest.

Sale Prices.

75

91

A

Lowest.

Sale Price.

70
91k

80

D

.1948 F

N J Pow & Light 1st 4Hs..

Newark Con Gas 5s

"i",o65

.1951 J
.1942 J

Highest.

65
62

.

1947 MN
1941 MN

Mutual Union Tel 5s

Lowest.-

,

63 k
62

66k
68k
91k
73 k Sale
40k
70

1966

Ask

80k 82k
81k Sale
82 k
84

Sale
83k
72

60

1939

-

Bid.

68k

1955

...

March31.

Sale

1955

a

15,000 Nat Radiator deb 6)6*
265,000 Nat Steel 1st coll 5s

80k
68k

Ask

1955

.....

fi^s
i,000|Mortgage-Bond Go 4a series 2
63,000 Murray Body 1st 6 H*
15,000 Mutual Fuel Gas lat gu 5s

356,000

Bid.
75
74 k

....

Gen Ac ref 5a aerie* B
Gen & ref s f 4k« aer C.
Gen & ref a f 5a aer D

RANGE SINCE JAN. 1.

PRICES IN MARCH.

Price

BONDS

March.
Value.

29

EXCHANGE—BONDS

2
Jan.
Mar .31
Jan.

4

Jan.

2

Jan.

4

61

Mar. 23

56
41
30

Mar. 10
Jan.
9
Jan.
7
Jan.
3
Jan.
8
Jan. 18
Jan. 18

6|H
u

N. Y. STOCK

30
Sales in
March.
Value.

£3

BONDS
n. y. stock

Jan. 2

1932.

March 1.

5s .1946
.1945
406",006 Royal Dutch deb 4s with warr_.
13,000 Ruhr Chemical 6s
32,000 St Joseph Lead deb 5%s—
6,000 St Joseph Ry L H A P lit 5s—
26,000 St L Rky M A Pac 5s stmpd
St Paul City Ry Cable 5s

63,000
4,000
6,000
288,000
48,000
19,000
19,000
491,000
325,000
174,000
63,000
174,000
79,000
96,000
522,000
369,000
61,000
706,000
204,000
24,000
5,000
2,000

~7~ 660
11,000
282,000
976,000
229,000
876,000
48,000
43,000
159,000
343,000

1,186,000
1,000
15,000
50,000

29,666
29,000
77,000
99,000
61,000
74,000
6,000
37,000
76,000
21,000
46,000
319,000

19,000
368,000
12,000
166,000
99,000
135,000
16,000

39,066
68.000

94,000

Public Serv 6s
Schulco Co guar 6%S-----Guar sinking fund 6%s B
Sharon Steel Hoop s f 5Mi
Shell Pipe Line s f deb 5s
Shell Union OH s f deb 5s
Deb

m

s

Pow 1st *%s
deb 6s.~

Shubert Theatre

A

109,000
38,000
8,000
66,000
81,000

197,000

276,000

.1955

J

.1937

38%
50

26

50

J

ft*

86
48

Sale

70

60

61

35

Sale

64)4

Sale

62

Sale

.1948 F

A

1952 UN

.1947 MN

1942

1%
55%
91

O

93

Sale

M

8

52

Sale

1st g 4s
—1934
8c ref 5s series A..1947
15-yr 6s
1932 M N
J D
United Steel Wks g 6)4® ®er A...1951
U 8 Rubber 1st

79% 95
99% Sale
101
90

101%
Sale

70
21

1.00)4
92

jgg*
odlO

59

'45"

!!*
liH

Sale

60

2%

101

Westchester Light gold 5a

,

75

4094 Mar
Mar

66

9^ Mar.

o44

31

92% Mar
51% Mar
100% Mar
Mar

a

Sale

98%

Sale

Jan.

21

Mar. 24
Mar.

1

8

78

Jan.

13

Feb.

17

3
59% Feb.
95% Mar. 18

Jan.

87

Jan.

Mar. 12
Mar.
4

22

Jan.

6

36

Mar

28

8
Mar. 24

72% Jan.

4

68

Jan.

4

Mar. 14

91% Jan.
89% Jan.

6

90
98

4

94% Mar. 18

93
90
98

Mar.

2S

Mar. 22

43

97

Mar.

8

92

Mar.

m

91*
93

Jan.

98% Jan.
80

Jan.

97% Jan.
96% Jan.
85

Feb.

99% Jan.
87
21

Jan.
Feb.

2

:p

42

12

Jan.

19

41% Jan.

4

,28

Mar.

Mar. 14

29 101% Mar. 26
8
93% Feb. 27
Feb.
5
28 rl02
Mar. 11

4

26

1% Mar. 19
% Mar. 22

Jan.

9 100

Jau.

9

97

Mar.

8 101% Jan.

15

8

6)

4

102
83

Mar. 11

84

Jan.

Mar. 31
3

92

2

16

Jan.

Jan.
Jan.
Jan.
Jan.

Mar.

23

% Feb.

Jan.

Mar.

21

Feb.

28
8

50

9

8

Mar. 24

Mar.
9
60
5
8 101% Feb. 15
Jan. 13
4
89
28 101% Mar. 22

93%
71%
42%
29%

Mar.

Mar. 10
5
50% Mar.
Mar.
9

Mar.

Mar. 16
Mar. 19

2

56% Mar. 12

3394 Mar.

2

8
15
13

58% Mar. 3
95% Mar. 18

5394 Mar.
98% Mar.

45

5

Jan.

14

Mar. 9
Mar. 10

5
9

4

50% Mar.

5

39% Mar.

7

91

Mar. 11
Mar. 13
Jan. 20

Mar. 31

93

53% Mar. 18
2
94% Jan.

68

98% Feb.

2

62

Jan.

16

99%
26

Mar. 30
Jan. 15

65

Mar. 24

10

53% Sale
91
99)4

49%
99% 100%

47% Mar.
99% Mar.

99

Feb.

17

26

21

26

20

Mar.

24

Mar. 24

19

Feb.

54%

58

65

Sale

58

Mar.

65

Mar. 24

50% Feb.

10

68

10

30

10

Feb.

2
23
15
3
10

46

Mar.

51

40

Jan.

6

51

41

Mar.
Mar.

47

Mar. 23
Mar. 31

40% Feb.

10

51

Feb. 10
Mar. 23
Jan. 16

r65

Mar. 24

Feb.

1

71

Jan.

99% Jan.

4

246
44

Sale

Sale

53

45% "47"
59
63% Sale
100 )4 Sale
100% Sale
100% 101% 100% Sale
Sale
99%
99)4 100
45
99

47
Sale

48

48

100

94% Sale
73%
80

"97)4

Sale

95

59

100% Mar. 14
101% Mar. 18

100% Mar.
99% Mar.
9994 Mar.

101

Mar. 14
Mar.
2

48

Feb.

24

Jan.

6 101

Feb.

4

Jan.

8

77

80

Mar. 17

69

Jan.

30

80

99% Mar. 24

88

Jan.

26

99% Mar. 24

Mar.

98
91

Sale

96% Mar.

Sale

Sale

Mar.

93

34

Sale

34

Mar.

37% Mar.

Sale

34

Mar.

47

82% Mar.

84
25

83%

it*

Sale

18

25
Sale

r20

16

Sale

18

Mar.

20

20

Mar.

Sale

17

Mar.

83% Sale

23

100% Feb. 26
5 101% Mar. 18
Jan. 28
9 101

95

78

Sale

Jan.
Feb.

d92

40

87%

56

99
99

Feb.

97% Mar.
9494 Mar.

46

Mar.

75

95% 100

45

99% Mar. 15
97% Mar. 3

46

Mar. 11

45% Feb.

4

97% Mar.

3
Mar. 17

84% Feb. 11

93

Mar. 11

40

Jan.

13

59% Jan.

20

4

34

Mar.
8
Mar. 30
Mar.
9

34

Mar. 31
Mar. 31

79

Jan.

6

84

Mar. 30

18

Mar. 31
Mar. 29

32

Jan.

20

30% Jan.

15

17

Mar. 29

30% Jan.

14

92% Jan.

15

24% Mar.
23% Mar.

9

83% Mar.

90

Mar.

3

83% Mar. 31

30

35% Mar.

9

26

79
Sale

11*

Mar.

9

86% Mar.

2

71% Mar.
76% Feb.

Sale
Sale

80

71% Mar.
80% Mar.

"99"
31

104
Sale
Sale

9

45

Sale

55

Mar.

98% Mar.
1794 Mar.

15

22

10

74

55

20

7

Jan.

12

$VA
75

Jan.
Feb.

16

Jan.
Mar.

10

Jan.

14

69% Jan.

22

Mar.

3

28% Mar.
26% Mar.

7

45

8

4

6

15

22

69)
97)
24)

Jan.
49

Jan.

3

42

Mar.

8

14

Jan.

«63% Mar.

Mar.

4

9

Jan.

91% Jan.
97

43% Mar.

28% Mar.
26% Mar.

Sale

80

Jan.

100

Sale

I*

35% Mar.

Jan.

97

106%

106%
105

Sale

Mar.

Sale
26)4 Sale
23

85

66

Sale

99

Sale

23

19%

20

17%
22% !§"" Sale
24

Sale

70

65

70

70

65

31% Sale

If*

29% 2894 Sale"
102
103
99% 100

Mar.

100

5

97)4 Sale
78
72

3

7

98% Mar.
98% Mar.

97% Mar.
82% Mar.

18

J

j

72
46)4
97

65
Sale

63% Mar.

60

62

Mar.

80% Mar.
57

55

Mar.
Mar.
Mar.
Mar.

99% a98% Mar.

\rA
15

3)4

10

m

18*

Ctfs dep Chase Nat Bank

12

85

90

78
65

Sale

62

70

Sale

Union

Oil

Jan.

19

Jan.

15

Jan.

8

101

Mar,

8

96

Feb.

101% Jan.

5

100% Mar. 11
86% Mar. 11

91

Feb.

78

Jan.

100% Mar. 11
86% Mar. 11

Mar. 14
Mar.
8
68% Mar. 4
68% Mar. 4
27
Mar. 12
95

72

Mar. 18

63% Mar. 16
100

Mar. 19

11% Mar.

8

Mar.

100% Mar. 21
105% Mar. 12
102% Jan.
9

95% Feb.
100

Feb.

96% Feb.
97% Feb.

102

80

Jan.

16

80% Mar.

97

Jan.

16

57
56

Mar.
Mar.

75

Jan.

18

Mar.

27

2
4
14
15
21

62

Mar.

Jan.

77

63% Mar.
46% Jan.
96% Jau.
8% Jan.

65

100

Jan.

Jan.
Jan.

Mar. 19
Jan.

20

9% Feb.

9

11% Mar.
3% J an.

8

10

Jan.

8% Jan.
3% Jan.

5

5

2%
8994
90
8394 Sale
68% Sale

7

....

6

50

Jan.

7

21
12
21
11

6

6

1%

Mar. 11

Mar.
Mar.
Mar.
Mar.

8

10% Mar. 29

103

Mar.

18

10

Jan

100%
105%
101%
101%

10

9

18

6

Sale

6

Jan.

34

20

6

5
27

45

20)4 Sale

99%

Feb.

97% Jan.

j

49%

14

Jan.

67
32

Mar. 11

56

Sale

Jan.

66

Mar.

Sale

Sale

40

Mar.

28% Mar. 31 31
99% Mar. 4 103

57

J

Mar. 30
Feb.

65

60
28

Sale

m s

73
70

24

5

Sale

D

14

3

Mar.

85

19

Mar. 28

99

Sale

Feb.

Jan.

Mar.

Mar.

Sale

4

22

28

65

102

97%

Jan.

Mar.

66

100

Sale

Mar. 18

Jan.

33% Mar.

102

105
10094 Sale
100)4 101
100% Sale

22

17

Mar. 30

Mar.

Sale

Mar. 16

Mar.

Mar.

Sale

100

96% Jan.
17% Mar.

Mar. 22

34

99

22

18*
34

"55"" Feb"."

65

100% 100

Sale

98%
98%
98%

j

Mar. 18

17% Mar. 12

24

100

100

78
76

"56" "Mar "31

20
17

98% 100

Sale

Mar.

60

29

42

97)4

7

20
15

82%
64)4
86% Sale
58% Sale

2,000
17,000 Willys-Overland 1st s f g 6s
1933 m"s
82,000 Wilson a Co Jat a f 6a
1941 A O
J
283,000 Yountfstown Sheet A Tu lst5s A 1978 J
1st M 5s series B
140,000
1970 A O

Feb.

35

7

56% Mar. 2
99% Mar. 30

86)4 Sale

Wichwlre Spen Steel Co 7s__Jon 1935 MN
Ctfs dep Chase Nat Bank

13

38

1
94% Mar. 18
Mar.
9
60
1
9
2 101% Mar.
Mar.
2
86
21
1 101% Mar. 22

54% Mar.

6

A

J

71% Feb.

4

54

4

F

J

Mar. 28

Mar.

Mar.

7

99

j

47

47%

87

64

100%

J

71

61

100

Mar.

82

Feb.

Sale

50
12

d

8

2

13

Feb.lO

Jan.

83

10

O

Jan.

50% Jan.

Jan. 12
Mar. 17
Feb. 16

44

102

86

41

A

40
93

81% Feb. 27
48

5

78

Mar.

26

100
101 %

M

3

71

Mar.

10

j

Feb.

Mar. 28

99

98% Sale

42

57% Mar. 28

75

Sale

6

Jan.

47

3

22

19

9

73

1

Feb.

3
3

16

1

85

Mar.
Mar.

71

19

Mar, 30

1

77% Mar.

Sale
Sale
Sale

32

97)4

...1940 mn

Deferred delivery.

57% Mar. 28
Mar. 28
Mar. 28

Mar.
1
Mar. 31
Mar.
3
Mar.
3

91

Feb.
Feb.

6

17

Feb.

Jan.
Jan.

Sale

90

30

5

20

"39

Wickwlre-Spencer Steel 1st 7S...1935

35

47
47

97

33% "25""

28

Without warrants..
.....

9 86%
50.
3
65
Mar. 17
Mar. 31 a42

3

96
19

J

40

Mar

61

M n

3

1

14

O

Mar.

81% Mar

6

...1944 A

40

37

93

47

—1963

1st 5e series

3

90% Sale

88

"55" Sale

109
45% Sale
43)4 Sale

1st secured 5s series G._—...1956

80% Mar.

25

97

55%
51%
100
99)4 Sale
76)4
Sale
44
48% 45)4
34 %
35% Sale

100

West Penn Pow 1st 5s series A—1946

80

8

100

77%

103

1939
.1950

21% Feb. 27

7

Mar.

Mar
Sale
Mar
1 101% Mar. 26
Sale
Mar.
4
89
86% Mar 23 90
90% 85%
Mar. 10
1 102
100% Mar
101)4 Sale
Sale
Mar. 11
Sale
90% Mar, 30
Sale
91)4
Mar.
4
Mar
7
21
Sale
21% Sale
Mar.
3
1% Mar, 19
1 %
4%
6

II 106%

90)4 Sale

1941

5

Mar.

85

Mar.
Mar.

83
48
61

Mar
—

2
1
1

28

30

66

Wash Wat Pow 1st 30-yr 5s.

Mar.

82

92% Jan.

40" ""Feb. "16

23% Mar.
80% Mar.
80% Mar.
40
Mar.

I*

22

Jan.
5
Mar. 15

65" "Mar ."24 "78" "Mar ."'3

26

Sale

14% Feb. 26

3

Mar

101% Sale
85
84%
101% Sale
100% Sale

99

Jan.

Mar.

Mar,

Sale

39

13

96

78
25

91

88% Sale
96% Sale
95
93%

10% Jan.
2
11% Jan. 14
26% Feb. 19

91% Mar. 26

22

85

Without warrants

Stamped July 1931 coupon
Warren Bros Co deb 6s

Mar. 24

65

Sale Prices.
17
Feb. 19

1

Mar
36
84% Mar

73

1939
..1941
...1939

Mar. 15

Highest.

Sale Prices.

92% Mar.

38

95

23%

O

99

26)4

19

Warner-Quintan deb 6s
Warner Sugar Ref 1st 7e__
Warner Sugar Corp 1st 7s




99%
99%
88%

40% Sale
4
1%

20

83)4

1st s f 6s series A
1945
Warner Bros Pictures conv deb 6sl939 m s
Warner Co 1st 6s with warrants.1944 A Q

a

OO 72

90
Sale
26
Sale

21

A

Cash sale,

m

38)4 39
48)4 Sale

21

1951
Sinking fund deb 6)4® set A...1947
United Stl Wks(Burbach) s f g 7s 1951
Universal Pipe 8c Red deb 6s
1936
Unterelbe Power 8c Ltg 6s
1953
Utah Light 8c Trac 1st 8c ref 5s..1944
Utah Power 8c Light 1st 5s
1944
Utlca Elec Lt 8c Pr 1st s f g 5s
1957
Utlca G 8c El ref 8c ext 5s
...1950
Utilities Pow 8c Ltg deb g 5)4®
*47
Series C

r

Sale

22%
24%
37 %
40
84)4 Sale
81% Sale
95% Sale

A

United Steamship

f deb 6s

3
77%
Sale

J

J
Colorado Power 1st ft 6s '47
A 100)4 Sale
Stand Oil (N J) deb ft 5s—Dec 15 1946
89
Sale
D
Stand Oil (N Y) deb 4)4®—
1951
23
J
30)4
Stevens Hotel 1st 6s series A
1945
2)4 Sale
Sugar Estates Oriente 7s
1942 M S
3
M S
Certificates of deposit....
....
d
100)4
Syracuse Llfthttnft Co 1st ft 5s.._1951
100
J
Tenn Coal Iron & RR gen s..—-1951
Tenn Copper A Chem—
M 8
46
50
Conv deb 6s series B.......... 1944
96
Sale
Tenn Elec Power 1st & ref 6s
1947 J d
73 % Sale
Texas Corp conv deb 5s
1944 a o
44)4 Sale
Third Ave 1st ref 4s—=—-1960 J J
31
Sale
A O
Adjustment income 5s....Jan lveo
84
87
Third Ave RR l®t gold 5s..
1937 J J
mn
Tobacco Prod Corp deb 6)4®--—2022
55
Sale
Toho Elec Power (Ltd) 7s ser A—1955
94)4 Sale
6% ftold notes—.
1932 y~j
Tokyo Electric Light (Ltd)
d
45)4 Sale
1st M 6a I Series
June 15 1953
Trenton Gas 8c Elec 1st 5s
—-1949 M 3
Truax-Traer Coal conv 6)4®
1943 MN "25" 26~
53
56
MN
Trumbull Steel 1st • i 6s._—1940 _
12)4
Twenty-third St Ry Imp & ref 5s.l962< J
J
41
Sale
Tyrol Hydro-Elec Power 7)4s
1955' —
41)4
45
Guar sec s f 7s ----1952 f a
M 8
55
60
Ujlgawa Elec Power 7s
1945
99
99)
Union El L 8c P 1st g 5* (Mo)
1932 M S
99).
Refunding 5s... — ...
......1933 MN
J
97
100)4
Union Elec L 8c P (HI) 1st 5)4s—.1954
60
Union Elev Ry Chic 1st 5s .
—1945 A
F
87
95 %
Union Oil Cat 39-yr 6s ser A May 1942
A
91)4 97
First lien s f 5s ser C
Feb 11W!
72)4 77)4
Deb 5s with warrant
Apr 1945 J
90
94)4
United Biscuit (Amer) deb 6s.—1942 MN
M S
91% Sale
United Drug Trust receipts 5s..l953

a

48

46

United Rys St L

69
99

62% Sale

O

1952
1942

9194 Mar. 26

13% Mar. 8
36% Mar. 24

92

22

J

Southern

Partic

40

J

-

8,000

82
88

J

Skelly Oil deb s f 5)4®--——J'?' M N
Smith (A O) Corp 1st 6)4®
1933
Solvay Am lnv sec ft 5s A
1942 M 8
J
South BellT AT 1st s 15®-1941
A
Southw Bell Telep 1st 8c ref 5s—.1954

Western Electric deb 5s

25

.1937

1938
35,000 Western Union coll tr cur 5a_.
Fund A real est 4)4s gold—..1950
32,000
152,000
15-year 6)4s gold
1936
5b
1951
210,000
Gold 5s
..I960
230,000
130,000 Wesrphalia Un EI Pow 6s
1953
70,000 Wheeling Steel Corp 1st 5%s—1948
1st and ref 4)4s series B
.,1953
170,000
72,000 Write Eagle Oil 5)4s 1937 with war.
White Sewing Machine deb 6s...1936

"Y,555

20
79

Sale

79

75
40

,1937 mn

Without warrauts

55,555

97

"67%

O

.1941 m n

272,000
Debenture ftold 5s
1959
875,000
103,000 Vanadium Corp (Am) conv 5s...1941
1942
33,000 Vertlentes Sugar 1st s 17s
Victor Fuel 1st a f 5s
1952
"3", 005 Va Iron Coal A Coke 1st g 5s....1949
71,000 Virginia Ry A Pow 1st Cs...
1934
1,000 Walworth Co 6)4s ser A (with war) '35

338,000
9,000
6,000
34,000
46,000

Sale

Mar.
4
Mar.
2
Mar. 16

70

Halske sec s f A 7s
1935
M S
Debenture s f 6)4®
F A
Sierra 8c San Fran Power 1st 5s_. 1949
Silesla-Elec Corp gold 6)4®
*946 F A
Silesian Am Corp coll tr g 7s
1941 F A
Sinclair Cons Oil 1st lien 7s
1937 M 8
J d
1st lien coll 6)4® BJ
J
Sinclair Crude Oil 5)4® ®erles A-1938

Line 20-year 5s

Mar. 29

13
32

Sale

92% Sale

O

.1948 A

Siemens 8c

Sinclair Pipe

13

10%

M n

.1946 A O

—

Sale Prices.
15
Mar. 14

38

99

m s

.1949 A

5s with warrants

Shinyetsu El

A

.1946

San Antonio

Sale Prices

12%

13
F

.1953

Guaranteed 5s—

36,000
45,000
9,000
25,000
400,000
661,000
1,053,000

Highest.

32%

-1944

Roch at Pitts C at I pur money

Ask-

Lowest

Lowest.

March 31.
Bid.

82,000 Richfield Oil of Calif 6s
Certificates of deposit
11,000
1955
19,000 Rtma Steel s f 7s
.1948
9,000 Rochester Gas & El 5^8 ser C_1977
GenMtge4%s series D
-14,000

RANOE SINCE JAN. 1.

PRICES IN MARCH.

Price

it

exchange.

EXCHANGE—BONDS

69%
5s

ser

Sale

67

Sale

C 193 5, sold on Ja

2% Mar.

3

Mar.

8
Mar. 12

87

Jan.

6

92

81% Mar.

85% Mar. 10

75

Jan.

9

85% Mar. 10

68
66

Mar.

72

Mar. 10

63% Jan.

5

Mar.

72

Mar. 11

64

4

72
72

88

n.

Mar.

92

5, SI,000 at 73. ''Deferred

2% Mar. 29

Jan.

delivery."

3% Jan.

22

Mar. 12

Mar. 10
Mar. 11

RANGE OF STOCK PRICES DURING MARCH 1932.
Stock Sales—

1931.

1932.

March.

65,658,034

99,110,149

172,343,252

Jan. 1 to March 31—
In accordance with

lets, except In the

a

rule of the Stock Exchange, effective

case of stocks which

AGGREGATE SALES
In

March.

Shares.
\ icksburg

Albany & Susquehanna. 100
Allegh & West Ry 6% gtd_100
Top 8c S Fe
100
7,800
Preferred
100

120

405"466

1,000

2,500 Boston

274,442

Sale

75

.Sale

Sale

33

Sale

183* Sale
133* Sale
183* Sale

*

"i"206

1,000

2,700

"2"666

17", 700

.100
100

...100
25

Chicago 8c Alton

"""400

19}*

78}* Sale

20 H
73 3i

60

7X
46
9

Sale
72
8
48
14

11X Sale

"56" "67"
74
80

65
68

28}* Sale

..100

Chic 8c East III RR

63}* Sale

20X
73 X

295*
23}*
80

.....

45

Sale

73X
83*

75X
10
55
573*
115* Sale

60

IX
...1. 100

} 1.800

3

3>1

69,000
1,700
18,400
5,300
7,900

304,422 Chicago ft North West... 100
5,300
Preferred.. -........*,^.100

17

Sale

18

9

Sale

103*
16

Sale

930
200

50

51

50

29}*

Colorado ft Southern.... 100
1st preferred

100

2d preferred

50

.... •

7,000
14,300

.

.

.

.

36.400 Delaware ft Hudson
,.100
50
80,676 Del Lack ft Western
3,200 Denver Rio Gr & Wes pref 100
830 Detroit ft Mackinac Ry
100
250
Preferred..............100

700

67
.....

6

100

.....

3 X
10 X

3X
11

25*
Sale

"""166

2,700

34,700

108",166

15
35

11X

Sale

103*

27

""'656
2,700

13

10

10

163*

Ry

X

...

Preferred..

100

7,600
100

125,300
2,500

364,900 Illinois Central..........100
6% pref series A
100
3,820

500

130
210

860

Preferred.

.

...........100

.

Leased line stock......100
RR sec stock ctfs..
.1000

100

1,080
142,200 Interboro Rapid Transit—lOO
Certificates of deposit.. 100
100

140

150 Int Rys of Cent Amer.._.._*

45,400

Certificates.

165

.......

Preferred
Iowa

27 X
45X

Central

143*
IX
4X
28 X
55

103* Sale

2,530 Manhattan Ry guar......100

Mar. 31

8

13

12

209,900

50
20

500
200
210

11,800
6,800

40,200
93,705

1.

..100

Mar. 26

Mar.31
Mar. 4

103* Mar. 28

25* Mar.
45* Mar.

103* Mar.
21

§

20

Mar.

17

Mar,

7

20

Second preferred

17

208,600 Missouri Pacific
Preferred
407,005

.......

100

100

193*
30

4

10

20 Morris Ac Essex

50
Nash Chatt ft St Louis
100
1,200 Nat Rys of Mex 2nd pref..100
1st preferred
....100
New Orl Tex ft Mexico ....100

"""290

1,570

100

533,328
3,000
2,700
760

2,483,915

New York Central

100

13,500 N. Y. Chicago ft St Louis.100
Preferred
100
20,100
2,925 New York ft Harlem...... 50
10% non-cum pref_..___50

Mar. 31
Mar. 17

6

4

Sale
50

N Y Lackawanna ft West. 100

•

No par value.

x




Ex-dividend.

Mar. 31

13

2

Feb, 15

45* Jan. 11
153* Jan. 22

33* Jan. 14
53* Jan. 13

15* Jan.
25* Jan.
Jan.
2
Mar. 26
Feb. 23
Mar. 31

125* Jan. 15
31

Jan.

22

16

Jan.

22

27

Jan.

14
14
15

2
15

24

Feb.

60

Jan.
Feo.

95* Jan.

11

17
14

Mar.
5
Mar. 26

11}* Jan.

8
5

9

17
4

Salg

95* Mar.
Mar.

8
2

213* Mar.

5

11

Sale

w
14

23

Sale

283* Sale
83* Sale
S3* Sale

IX
7

X
175
10

"3"

X
—

-

Mar. 29

113* Mar. 17
20

28}* Mar. 4
473* Mar. 24

15}* Mar.

9

18

Jan.

12
13

93* Jan.

4

Mar.31

23

Mar. 21

32

1

23
8

2

4
7
5
Mar. 30

9

9

Mar.

9

95* Mar.

7

8

Mar. 18
8}* Mar.31
12}* Mar. 5
2
Mar. 30
Mar.

Mar.
9}* Mar.
145* Mar.
12}* Mar.

20

7

Feb.

Mar. 26

113* Jan.

2
Mar. 22

9

Jan.

53* Jan.
10

Jan.

15
6
27

3* Jan.

18

Jan.

22

10

133* Jan. 28
93* Jan. 11
25

Jan.

14

Jan.
143* Jan.

14
21

8

5

10

24

18

Sale

18

Mar. 29

5

18

383* 443*
125* Sale

36?* Mar.

245* Mar.
'

1

'

\'

'

3

Jan.

25

1

465* Mar. 11

9

205* Mar. 8
5* Mar. 23
23* Mar. 26

"iXMar "26

"53* Mai."3i

5* Mar. 23
1

Mar.

9

10

45* Sale
113*
123*

4}* Sale
103* Sale
55

25

3* Mar.

5

13* Mar. 30
25* Mar. 28
10

Mar. 23

45* Mar. 31
12J* Mar. 28
4

Mar. 31

95* Mar. 31

5* Mar. 2
13* Mar. 30
3
Mar. 15
14

Mar. 14

6}* Mar.
18
Mar.

2
7

9}* Mar.

9
7

21

Mar.

60

143*

26
7

Jan.

15

Mar. 28

18

Jan.

12

325* Jan.

14

465* Mar. 11

Jan..

1

Mar.
Jan.

2H

13* Mar.
X Jan.
1}* Jan.
2

7

Jan.

8
15

Jan.

29

26

53* Mar. 31
Mar.
2
33* Jan. 16
Jan. 20
Mar. 14
Jan. 22

Jan.
Jan.

4 3* Jan.

2IS

115* Jan.
4

Mar.

Jan.

20g

5* Jan.
8

17

5

Feb. 27
Jan.
5
Mar. 29

■

Mar.31

12

2

9

Mar. 31

11

95* Mar. 31

26

Jan.

22

Jan.
Jan.

22

503* Jan.
20

X Mar. 11

Mar. 18

2

15

8

503* Jan.
273* Jan.

9

Jan.

3* Mar. 11

Feb.
X Feb
.

1

60

15

133* Jan. 22
235* Jan. 18

17

Mar.

iA

Jan.

143* Jan. 28
145* Mar. 7
12}* Mar. 5

75* Mar. 28

Mar. 18

15

15X Sale

36

3*

20

65

183* Jan. 22
26}* Jan. 18

175

Mar.31

19

18
Jan. 29

103* Jan. 14

10

57

305* Jan.
48

9

75* Mar. 28
173* Mar. 24

135* Sale

5

Mar. 30

Sale

50 X

4

2

10

Sale
Sale

Mar. 31
Jan.
4
Mar. 18

53* Jan.
123* Mar.

14

5
4X
12 X Sale

Mar. 29

20

14}*

Sale

75*

8

.....

Jan.

453* Jan.

283* Mar. 31

9

9

5*

I

18
5
2
6

135* Mar. 31

Sale
173*

36}* Sale
163* Sale

8

27

10

4

9

2

Jan.

53* Jan.
75* Jan.

7
8

18

7

6

Mar. 31
Mar. 17
Jan.
6

63* Jan.

135* Mar.31

473* Mar. 24

m

Mar. 23
Mar. 24
Mar. 21

3* Jan.

63* Mar. 31
83* Mar. 31

83*

2

9
114

8

10

8

135*

53* Sale
X
X
13* Sale
13*
3}*

Sale

5

—...

3*
H
3*
°A
63* Sale
83* Sale

X

8X

5%

55*

"15* Jan""l8

89}* Feb. 13
285* Jan. 13

Mar. 7
Mar. 23

m

108

6

653* Jan.

Mar.

2

91

14

17

84

1

Sale

313* Jan.

125* Feb. 18

283*

iff

29 X
4

15
20

Mar. 22

70

175*
133*

155*

Jan.
Feb.
Jan.

10

45

12
Sale

Sale
Sale

69

70
78

17

15

Sale

Sale

5

Mar. 22

X
23*
273*

18

7

9

205* Mar.

9

23

....100

......

5

Mar.

143* Jan.

5
Mar. 26
Mar. 26
Mar.
1

4

X

lH

Mar.

14

17

9

"sx

...

58

8
5

10

5

695* Mar. 31

23?

1,800 Minneapolis ft St Louis.. 100
100
1,300 Minn St. Paul & S S M
Preferred
100
2,600
Leased line..,
100
2,450
76,400 Mo Kan-Texas
*
Preferred...........
100
42,847

25* Mar. 29

3

Sale

11

Sale

100

8

4

5

175

100

25

6
15

8
7

Sale

10

2

Prior preferred

19
6
7

Jan.

7
7

Mar.

12}* Mar.

4}* Sale

8

30

1

7

17

11

Sale

Feb.
Feb.
Mar.

13* Jan.

5

695*

12}* Sale

5*

2

503* Mar.
785* Mar.
103* Mar.

Mar. 23
Mar. 24
Mar. 21

8

93*
20

20

26
8

8
7
Mar. 31

17 X Mar. 17

7
5

16

Sale

100

300

200

Mod guar

5
13

Jan.

17

It*

25
Sale

430 Market Street Ry
Preferred
60

10

55

60

19

153*

140
9

61
70

Mar. 22

67

13

"16""

6X Mar. 31
73* Mar.31

Sale

32

23*

5

.

35* Mar.
135* Mar.

25* Mar. 31

Sale

25

""2""

25* Mar. 29

Mar. 24

30

53* Sale

Mar. 16
9

2

/'.'"i

87,300

14
21
14
14
15

10}* Jan.

5

.100

880

Jan.
Jan.
Jan.
Jan.
Jan.

7

Mar.

24}* Mar

7

8

25X
8

15* Mar.

2

21

100

4,400
10,100

600

2

*

Jollet & Chicago RR 7%
pflOO
100
17,200 Kansas City Southern
Preferred
100
3,200
14,100 Lehigh Valley............50
100
42,000 Louisville & Nashville

1,600

10

4

17}* Mar. 17

Sale

12

X

35
3

Havana Elec.

413*
215*
41}*
24}*
793*

73* Feb.
463* Jan.

25

10

6X Sale
7X Sale
5X
65*
Sale
60

70
60

3

8

80

.....

Mar.

25* Sale

Sale

Sale
8

100
Gulf Mobile Ac Northern..100

18,500 Hudson ft Manhattan....100

Mar. 31

Jan.
5
Mar. 17
Jan.
7
Jan.
7

<j8

Mar.

Mar. 16

Sale

8

4

17

100

16}*
24}*

7

74

10

58

55

2

12
54

20

100

...

18

18

123*
183*
183*
673*

75

32X

Sale

100

_

14

303* Jan.

205* Mar.

8

65*

67

Sale

,5H—

503* Mar.
785* Mar.
103* Mar.

70

73* Sale
133* Sale

14

57

19 X
5

Second preferred
...100
Erie ft Pittsburgh.........50

Preferred

19

Jan.
Jan.

115* Mar.

15

70}* Sale

100

Great Northern pref..
Green Bay ft Western

7
3

13 J* Mar. 28

20

29

Preferred..............100

40,900 Erie
First preferred
12,100

Mar.

Mar. 31

5

25*

83* Sale

Duluth South Sh Ac Atl..l00

4,400
2,600

Mar.

22

Jan.

94
86

"I" Mar."29 "I}* Mar."'7

35

3,700 Consolld RRof Cuba pref. 100
260 Cuba RR pref.
.100

600

32

733* Mar. 18

Jan.

19 150

Mar. 31
Mar. 31

63

100

Sale

100

7'

63 X
Sale

IX

100

Preferred.. ............100

....

5
3
8
9

..........

23*

102,000

15}*
20
11}* Sale

Mar. 28

52}* Mar. 30

72

185*

.........

23*

6% preferred
10 Cleveland Ac Pittsburgh

Mar,
823* Mar.
303* Mar.
195* Mar.

55

233* Sale

6}* Sale

.

8

14}* Sale

47 X

Sale

433* Mar. 31

71}* Mar 31

Sale

64

2X Sale

T.266

7

56

100

930

283*
43?* Sale
713* Sale
73*
9
52}*
55

Mar. 31
Mar. 29

88

25

57,400

17,900

18}* Mar. 17
20
68

85

Chic Indlanap Ac Lou lav pflOO
2 8" 300 Chic Mil St Paul ft Pacific..*

97,300 Chic Rock Isl ft Pac._.__ 100
7% prefferred
15,600
100

Mar. 31

70

....

11,600

Preferred

13

Sale

64

100

C C C Ac St Louis
pref
100
Chicago Great Western..100

Mar. 31
Mar. 31
Mar. 31

20

25
58

~4~100

300

Highest.
Sale Prices.

65

xl7X Sale

3X Sale
10 X Sale

200

Lowest.
Sale Prices.

63
75
18

Sale

100

6% preferred

Special...

Highest.
Sale Prices.

-----

32 X
68 X

100
com

...

1,025 Central RR of N J
1,029,742 Chesapeake ft Ohio

Lowest

Sale Prices.

150

17
29

25

Carolina Clinch 8c O

RANGE SINCE JAN. 1.

.....223

27

Ac Maine.........100

Stamped

223

82

Sale

...50

Canada Southern

20

.....

84

448,900 Canadian Pacific..

"""220
10
700

200

Sale
Sale

22,900
Trusts ctfs prof.*.
8,300 Brooklyn 8c Queens Transit.*
Preferred.
4,000

600

Prices are on basis of 100-share

IN MARCH.

Ask.

15}*

ctfs...

tr

Bid.

100

RR

Beech Creek RR...

Bkln-Manhat

688,356,500

Quoted dollars per share.

March 31.

Ask

100

Line

8c Ohio

....

9,900
3,500

240,600

Coast

31,000
Preferred
100
5,300 Bangor 8c Aroostook... **.50
380
Preferred
100

300

167~906

Atlan

Bid.

764,520,950

-

disregarded.

83 X
77
27 X

...

28,900

March 1.

Ask,

150

Atchison

728,850 Baltimore

are now

$242,665,000

100

16

31l"866

are

1931.

1932.

$250,900,700

_

Jan. 1 to March 31

Option sales

1932.
Bid.

Par.
8c

-

PRICES

N. 7. STOCK EXCHANGE

Alabama

.

Price
Jan. 2

Jan. 1.

Shares.

March—

Oct. 3 1915 . all stocks

sell only In a small way.

STOCKS

Since

74,900
2,800
11,300
189,200
18,600

Bond Sales.

Shares 33,031,499

26
2
12
12

59

Sale
25}
293* Sale
6
7
45
8X
93*
11
65* Sale
1103* Sale 106}* Sale
120

25}* Mar. 31
4

Mar. 28

63* Mar. 26
106

333* Mar.
73* Mar.
llU Mar.

Mar. 24 120

Mar.

243* Feb.
4

Jan.

63* Jan.
105

Feb.

365* Jan. 15
93* Jan. 12
155* Jan, 22
125

Jan.

15

120

/

N. Y. STOCK

33
AGGREGATE SALES

Price
Jan. 2

March 1,

1932.

Jan. 1.

Bid.

Par.

Shares.

1,166,900

23 %
58 %

100

NTNH4 Hartford

Preferred
—.100
16.100
44,700 N Y Ontario 8c Western..100
*
1,000 NYRys of—
2,750 Norfolk Southern.....—100
29,800 Norfolk 8c Western—.....100
.

960

First

60

61%

58*

125$

7

Sale

Sale

73 %
68
14

2%

3

15%

7*

Pere Marquette.......—.100

100

10

—100

8

20 Phila Rapid Transslt Co—50
10 Fhila Rapid Transit pref__50

19

60,800
72,210
11,000
200

1,400
200

St Louis-San

160
110

115

125

105

125

31%
27 %

33

30

30%
263

34%
29

27%

Sale

6%

26

140

27

95

140

10

6

10

3% Sale
5

Sale

4%
4%
5% Sale

4

8

8

100

8

20

13

Sale

17

Preferred deposit receipts.

115
105
23
21
23
95

5%

15
15

9%
14

55
2
2

Preferred..

Express

18

900

21,200

4% Sale

*

Affiliated Products

55

Juneau

A P

Paper Co

Gold

Mln.10

»

Pref series A $30 warr'ts .100

Pref series A $30 ex-war .100
Pref series A $40 warr'ts 100

12
10
68 %

Sale
40

10

Sale
105% 110

76

11

Sale

*

Realty

*
*

Allied Chem & Dye

100

Leather...

Preferred.

*

7%

*
.100

6

Corp....
._*
Amer Agric Chem (Conn)..*

13

*

Preferred

100

Am Brake S 8c F

*

Preferred

100

American Can

......25

Preferred

100

Foundry

Preferred
American

10
Sale

Mar. 28

8%

Mar.

5

Jan.

5

Mar.

7

Feb.

128^

Mar.

Mar. 21

7

i*

Jan.

21
14

8% Jan.

22

9

Feb.

26

Mar. 22

2% Jan.

%

....

6

7

6

.....

8

14

Feb.

17

Jan.

22

Mar. 26

67% Jan.

2

78

Mar. 15

68

Jan.

9

21% Mar. 10

14
1

Mar. 31

69% Mar. 15
23% Jan. 22

78

Mar. 17

2% Mar. 17
19% Mar. 3
2% Mar. 15
11

Mar. 12

16

Mar. 11

12% Mar.

1

8% Mar. 31
11% Mar. 8

Mar. 17

Feb.

3% Feb.
2% Feb.

11

Jan.

21

Jan.

14

Jan.

1% Mar. 28

15%
1%
6%
8%
6

25

25

.

.

Jan.

2
4

13
19

Jan.

5

17% Jan.

14
14
14

19% Jan.

30

22
21

26

Mar.

3

25

Jan.

15

Jan.

11
2

136

Mar.

Jan.

115

Jan.

5

32% Mar.

125

11

Jan.

Mar. 10

2

18

Jan.

26

Mar.

23H

4

8% Mar.
10

112
29
Ma
Ma .31
7
Ma

21

Mar. 31

Feb.
Mar.
Feb.
Mar.
Mar.

125

Ma

22

Sale

Feb.

19
16

112

Feb.

42

Jan.

14

33
30

Jan.

29

Jan.

22

140

20

m
%

Ma

.28

Ma

.31

Ma

.31

Ma

13

Ma

11

Ma

.

.

.

26
17
29

% Ma .30
Ma

.

9

Ma

.31
.31
.31
15

Ma

8

9% Ma

31

Ma

'IPs
J*
20

30

Sale

Ma

Mar. 17

11%
%
%
28%
10%

Mar. 30
Mar.
1
Mar.
5
Mar. 3
Mar. 3

14

Mar.

22

Mar. 10

5

4

6% Jan.

14

9% Jan.
11% Jan.

22
26

Mar. 26

20% Jan.

26

11% Mar. 30
Jan.

37$

Jan.

13

Jan.

28
2
21
14

Jan.

22

Feb.

3

Feb.

16

Jan.

6

It*

20

Mar.

8

33

Feb.

7
2

14

Mar.

2

8
8

21

3

Mar.

3

Ma

18

20

Mar.

3

12

Ma

31

87% Mar.

5

65

Mar. 18
Jan.
5

Ma

22

67

Mar.

4

62

Jan.

29

68

Jan.

18

Ma

29

Jan.

4

4

Feb.

29

9
9

1

2% Ma

3% Mar.
4% Mar.

2

6

Jan.

15

3

Jan.

8% Jan.
2% Jan.

1% Jan.
3

5

Sale

Jan.

4% Jan.
2
6% Mar. 31
7% Mar. 26
13
Mar.117
11
Mar. 29
% Jan.
2
% Jan.
4
18% Mar. 31
7% Mar. 31
9% Mar. 31

3

Mar.

2
•

Ma

13

Mar. 8
Mar. 5
Mar. 3
Mar. 26

14

II*

Sale

Ma

4%
6%
9%
7%

4

20% Mar.

12*

Sale
64

7% Feb. 26

5% Jan.

10

1%
2%
6% Sale
18
93

4*

m
3

30
Sale

Sale

Sale

Ma

.

3% Ma

.

7

Mar.

5

29

6% Mar. 2
2% Mar. 15

23

5

Mar.

5

Mar.

8

Mar.

Jan.

4% Jan.
4
5% Mar. 31
2

Mar. 29

3% Mar. 23

4

Jan.

24% Jan.
94% Feb.

8
25
26
13

4

Jan.

2
28
15
22
22
14

6%

Jan.

22

8$

Jan.

Jan.

11*

13

4

98

Mar.

1

85

Feb.

2

98

Mar.

J*

Mar.

5

3% Jan.

4

Mar.

3

55

Jan.
Feb.

4
5

8

Mar.

64

Mar. 31

Sale

26% Mar. 28
11% Mar. 24

12%
Sale

Sale
Sale

3

3%

3

Mar. 30

12% Mar. 31
250% Mar. 31
1% Mar. 31

13% Mar.

1

2S
70

30%
12%
3%
16%
62%
2

Mar.

8

24

Mar.

3

10% Jan.

Mar.

7

2% Jan.
9
12% Mar. 31
46
Feb. 10
1% Mar. 31
11% Jan.
4
2% Jan.
5
1% Jan.
5
2% Jan.
4
2% Jan.
2% Mar. 23

Mar. 17
Mar.

8

Mar.

3

15% Mar. 30

Mar. 26

4

Mar. 28

3

2% Mar.
4% Mar.

2H Mar. 29

ll

Mar. 15
Mar. 23

*8

3
1

Mar. 10
Mar.

4

Mar.

2

10

87% Mar.

8

62% Jan.

Mar. 16

12

73%
113%
9%
7%
%

Mar.
Mar.
Mar.
Mar.
Mar.

6

Mar.

10

Mar. 15

11

30

74% Sale
112% 116

8% Sale

7* 10*

6^ Sale1

14

15

Jan.

Sale

9% Sale
7% Sale

12%

13

24

Mar. 28

12

11

Feb.

18

Jan. 29
Mar. 16

9% Jan.

Mar. 16

4

aV/s

2%

3

5

19

Mar. 31

90

1% Sale
2% Sale
2

1% Mar. 30

8

Mar. 16

Mar. 30

»

98
Sale

12% Sale
*50% Sale

12

116% Sale

Sale

6*

50

i

hH

Sale

Sale

14

37 %

iP
40

Sale

46%
Sale

3
13 %

a

Sale

20

75%
85%
60% Sale

117% Sale

2%

3

85^

112

14%

66% Sale
123% 126

7%

*

Sale

29

100

Sale

4%
17%

»

Chicle......

78%

Mar. 28 135

106

Prices.

31% Jan.

12% Sale

119
12

Jan.

Mar. 31

4

4

8

6% Mar.

8

Feb.

5
8

Mar.

'% Mar.
6

70

Mar.

30% Mar.
Feb.

13

16

Mar.

2

16% Jan.

3

8
11

3

21

Mar. 15

4

3% Jan.
7% Jan.
6% Jan.
6% Jan.
Jan.

13
19

Jan.

87% Mar.

14
22
15
22
7
13

8

Mar. 11

13% Jan.

18

Jan.

11

10

8

Mar. 31
Jan. 25

1

11

3% Mar. 7
16% Mar. 17
62% Mar. 8

14 119

Mar. 11

14% Mar.

12% Mar.

20
29
5

Mar.

9% Mar.
% Mar.
10

Jan.
Jan.

5% Jan.

% Mar.

8

Mar.

4

14% Mar.

8

10

J

100

Chain..

Preferred
American

SH

*

Amerada

...

2
Sale

4%
Sale
Sale
3
4%
3%
4%

*

Allegheny Corp

Sale

1%
13%
2%
2%
4%

.._*

Air-Way Elec Appll Corp....*
AlasKa

86

26%
27
12% Sale
3% Sale
14% Sale

*

new._.....*

Air Reduction Inc.....

24%
Sale

4% Sale
67

100

......

Addreasogtaph Internet....*

Amer Car 8c

7

98

Adams Millls.........

W

2%

6

*

6,900 Amer Agric Chemical (Del).*
35,100 American Bank Note......10
Preferred
50
1,320
2,900 American Beet Sugar......*

27,300
10,555
2,100

2%

*

.......

Advance Rumely

9

45

....100

Preferred

Preferred

9

Mar.

MISCELL

Abraham & Straus.....
Adams

5

Mar.

It*

40

........100

Preferred

2,076,600
2,800

125

Sale

3% Sale

.........100
8c

Abitlbi Power 8c P.....

1,700 Amalgamated

200

160
125

2% Sale

100

......

440

8

2

...

9,566

31

8% Ma
11% Ma

4% Ma .31
5% Ma .31

Preferred
4,500
75,000 Allis Chalmers Mfg
10,050 Alpha Portland Cement

500

Mar. 31

8

2

Preferred

17% Jan.

Highest.
Sale

3% Feb. 11

28
31
15
2
29

4% Sale
5% Sale

Alliance

24,200

Mar.
Mar.
Mar.
Mar.
Mar.

Western Maryland
100
Second preferred...... 100

790 Alleghany Steel....

1.116,900

1%
15%
2%
10%
9%

Western Pacific..........100

Preferred...

1,760
V
13,700
5,300
17,200
55,700
261,000
1,100
759,800
2,000
186,400
32,900
2,900
8,300

Mar. 30
Mar. 31
Mar. 17

11

68% Sale

100

INDUSTRIAL

145,900

2

14
1

68

Sale^

Wheeling 8c Lake Erie....100

479

73% Mar.

3% Sale
4% Sale
6% Sale
6%
7%
11%
14
11%
14

....

21,600
9,t>00
1,300

Sale
Sale

%
18% Sale
7% Sale
9% Sale

...

56,500
3,000
2,500
9,100

1

106

Mar. 31
Mar. 28
Mar.
1
Mar. 5
Mar. 22
Mar. 28

110

125

....100

Preferred B

10

9

*
50,600 Seaboard Air Line
Preferred
100
4,700
..100
761,619 Southern Pacific Co..
96,000 Southern Railway.....
100
Preferred
100
30,520
Mobile 8c Ohio certifs—100
1,300
1,000 Texas & Pacific..........100
..100
34,800 Third Avenue
2,300 Twin City Rapid Transit.100
Preferred
—.100
1,310
100
358,600 Union Pacific
Preferred..........
100
6,500
...........100
46,300 Wabash
Pieferred A.....
100
26,600

100

19%
39%
6%
%

8% Sale

Deposit receipts...
Preferred

Lowest.
Sale Prices.

100

100

St Louis Southwest

4%

12

Sale

Francisco..100

Preferred

6

115

90 Pitts Youngs 8c Ash pf 7% 000

"1Mb

Sale

19

19
9

Highest.
Sale Prices.

4%
2

..........50
300 Peoria 8c Eastern
.....100

..15
......50
..50
Rensselaer & Saratoga
100
Rutland RR. pref—...... 100

68%
Sale

1

505,000 Pennsylvania

11,600 Reading Company
First preferred
2,100
Second preferred
2,300

%

109 * Sale

preferred.........100

800 Plttsb & w«»« Virginia..100
40 Pitts Ft Wayne 8c Chicago. 100
30
Preferred
100

Sale

Sale

2d preferred...........100

Prior preferred
Preferred

Ask.

43

«

Preferred

20

Sale

Lowest.
Sale Prices.

March 31.

Ask. Bid.

Sale

......—100
150 Northern Central......—SO
100
278,000 Northern Pacific...
........100
200 Pacific Coast

6,000
3,050
3,005

RANGE SINCE JAN. 1.

PRICES IN MARCH.

STOCKS
Y. STOCK EXCHANGE

N

Since

EXCHANGE-STOCKS

Sale
20%

6

10

5% Sale
12% Sale
42%
45
% Sale
2

11%
86

3
13

Sale

61% Sale
123

Sale

6% Sale
26
4

13%

Sale

4%
20%

34

36

30

Sale

42

31% Sale

50

42

5%
12%
42%
%

Mar. 29
Mar. 31
Mar. 16
1
Mar.

2

Mar. 18

12

Mar. 28

17
45

Mar.
7
Mar. 14

% Mar. 31
2% Mar. 5
14

Mar.

7

86
Mar. 31
7
60% Mar. 31 73% Mar. 8
Mar. 14
123
Mar. 31 129
85

Mar.

6

Mar. 23

26

Mar. 26

3

Mar. 28

17% Mar.

7

8%
39%
5%
17%
37%

Mar.
Mar.
Mar.
Mar.
Mar.

8
9
7
7
8

50

30

Mar. 31

5% Feb. 10
12% Feb. 10
40

Jan.

% Feb.
2

12

Mar.
Feb.

7

ill

6
25
3

Jan.

16

Feb.
Jan.
Jan.
Jan.

15
9
12
15

Feb.

18

3]
15]

73% Mar.

2 129

7

Mar. 28

17% Mar.
29

5

Mar. 23
Jan.

Jan.
Jan.

90

75% Jan.
54% Jan.
117% Jan.

7}
183
47

8

Mar. 14

8% Mar.
39% Mar.
6

14

8
9

Jan. 13
Jan.. 28

7

26

5

37% Mar.

8

Am

Coal
Co of Alleghany
County, N J
25
4,800 American Colortype———._*
216,900 Am Com Alcohol v t c.____10
2,500 Amer Encaustic Tiling ...._*
16,000 Am European Securities..._*
American Express Co.....100
4~57~806 Am & Foreign Power.._._._*

100

5

8% Sale
4
4%
9

107

280

Preferred..

100
.......

Voting trust ctfs

~2~I66

*

Preferred <6)
100
380 American News Co...,.....*

• No
par

value.




.......

140
Sale
Sale

f

Sale

til

Sale

54%
6%

2%

3*

6

2%

Sale

58
Sale

4

9%
2%
5%
110

4%
16%
18%
7%
4%
1%
10%
44%
18%
57%
5%

a?*
Sale
3%
Sale
140
Sale

Mar.

1

8% Mar. 4
2% Mar. 30
5% Mar. 22

Sale
Sale
2
Sale

Sale
Sale
61
Sale

7% Mar. 31
4% Mar. 28
9% Mar. 17
43% Mar. 28
15% Mar.
1
58

68

Mar.

Mar.

2

2

5% Mar. 31
% Mar. 21
2% Mar. 26
6

Mar. 26

Sale

41

Mar. 31

Sale

17% Sale
3
2%
12
1%
3% Sale

4%
Sale

33

29

31

14%

15

28

29

17% Mar. 31
2% Mar. 2

3% Mar. 22
14% Mar. 29
28% Mar. 28

Mar.

Mar.

5% Mar.
2%
11%
51%
21%

2

Sale

3

15

Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.

8%
%
3%
7%
44%
21%
3% Mar.

5% Mar.
19

30

Jan.
Jan.

4% Mar. 18
15% Mar. 18
15
Mar. 26
7% Mar. 31
4% Jan. 28
1% Jan.
4
9
Jan.
4
41% Jan.
5
12
Jan.
5
50
Jan. 14
5
Jan.
4
% Jan.

8% Mar.
21% Mar.

6

§*
*iH

8

24

Mar. 26

41

2

2

Mar.

15

Sale

2%

Mar. 22

4% Mar.
10

4% Mar. 18
15% Mar. 18

Sale

20

11

Sale

Sale

Sale
2

5% Mar. 10

Sale

%'
2%

%
3%

5

Sale

American Metal..

1,980

Sale

7% Sale

Preferred
31,150
Preferred (6)
*
17,900
2d pref A
♦
40,119
9,500 Am Hawaiian Steamship... 10
Amer Hide 8c Leather_..._..*
3,300
Preferred
4,500
....T_._—100
*
34,435 Amer Home Products.....
*
77,600 American Ice
Preferred
100
4,300
*
243,000 Amer In tern at Corp.....
*
5,100 Am La France 8c Foamite

*
22,000 Amer Locomotive
Preferred...
.......100
6,650
...*
44,400 Am Mach 8c Foundry
10,900 Amer Machine Ac Metals....*

Sale

6
5
22
6% Jan. 29
2% Mar. 30
5% Mar. 22

45

2

Jan.

5% Jan.
30% Jan.
17% Jan.
2

7

Mar. 11
Mar. 12

Jan.

3% Mar. 22
14% Mar. 29
28% Mar. 28

45

Jan.

6

Jan.

11
5

6
13
Mar. 22
Jan.

9

10% Jan.

16

9% Jan.
38% Jan.

14
21

Jan.

18

33

17% Jan.

14

Feb.

17

2% Jan.

7

6

12

Jan.

51% Mar.
21% Mar.
68

Mar.

6

9
8
8

8% Feb.
% Jan.

19
12

Feb.

3

4

9%
44%
22%
3%

Jan. 18
Mar. 7
Jan. 14
Mar. 9

6% Jan.
19% Jan.

11
14

33

30

Jan.

N. Y. STOCK
AGGREGATE SALES,
In

March.

PRICES

STOCKS

Since

Shares.

73,300
6,300

T. STOCK EXCHANGE

Shares.

Par.
Amer Power 8c Light..

15,300
335,900

140

460

4,500
52,700
5,800

...*
*

Pro.erreu

Preferred (5)
Pref A stamped

7,100
108,200

Preferred

76,525
21,400
43,400

285* Sale
55* Sale
100

18*

"3*566

"7", 500

100
25

35

Sale

325* Sale
955* 103

70

78

m
!!H
625*
35*
24J*

100

ctfs*

H

%

•
Zinc, Lead 8c Smelt...*

2 5*

9
3 5*

» tr

25*
15

...

Preferred
370
600 Andes Copper Mining Co

3,100

9,600

Sale
9

Sale

70

•

*

25

Sale

-.100

...

Preferred
Arnold Constable

Associated

100
100

.25

50
Sale

163*

100

136,100 Atlantic Refining....

Sale

25

6,900 Atlas Powder
Preferred
100
1,300
6,200 Atlas Stores...............*
.._....*
1,000 Atlas Tack Corp
•
2,397,100 Auburn Automobile

23

.........

.

.

.

800 Austin, Nichols 8c Co

800
100

143

400

3,100
40

7,500
200

20

46,900
2,300
4,200
3,400
3,100
50

5,700
400

9,540
7,700
1,800

...

.....

360
500
100

35,720
6,100
430
20

3,400
2,300
1,600
74,000
80

Mar. 11
Mar. 14

23

Mar. 14

47

Mar.

Mar.

8

Mar.

8

45* Mar.

2

305* Mar.

7

2

5* Mar.

4

23

Mar. 24

105* Mar.
8

Beatrice Creamery

44

15* Mar.
5* Mar.
93* Mar.
15* Mar.

2

Mar.

Mar.

53* Mar. 26
25* Mar. 2
65* Mar.
1

35

Mar.

Mar. 28

35

15

Mar.

15

Mar. 16

21

145*
15
105* Sale
16
185*

Sale
3
Sale

45* Sale
15*
25*
725* Sale
5*
5*
143*
145*

15

5

15* Mar.
45* Mar.

16
Sale

J*
15

Sale
22
20

5* '•
5*
15*
1%
25* Sale

99

.....

72

WA

Mar.

74

Mar.

Mar.

Mar.

9

245* Feb.
215* Jan.
70

Jan.

10

Feb.

80

21
18

365* Mar. 3
395* Jan. 13
885* Jan. 13

5* Jan.
Mar.

70

345* Mar.
Mar.

5

75

Jan.

5* Jan.

4

35* Jan.

35* Feb.
9
95* Jan. 27

8
8

15

55* Feb. 25
305* Mar. 7

27

195* Feb. 23
55* Mar. 31

8

Mar.
2
Jan. 25
Jan.
8

31

23* Mar. 18
4
155* Jan.

2

895* Mar.

W

4

23

11
9

Jan,

18

125* Jan.

14

9

Feb.

175* Mar.
74

11

2

Mar. 10

45* Jan.
12

8

Feb.

16

2
4

95

Feb.

26

Jan.

44

Mar.

9

2

Mar.

9

Jan.

Jan.

2

5* Jan.

7

63* Jan.
15* Jan.

18

•3

Feb.

1

26

50

Jan.

26

1

2

Jan.

Mar. 23

5

15* Jan.

35

15* Mar. 10
145* Mar. 9

55* Mar. 31
175* Mar. 30

23

Mar.

82

)1

15

Sale

Mar. 31

15* Mar. 17
20

115*
Sale

10

5* Mar. 19
15* Mar. 12
35* Mar. 8

75* Mar.

85* Feb.
Mar.
Mar.

45* Jan.
15* Feb.
Mar.

Mar. 14

Mar. 17

5* Mar. 31

Mar. 31

8

Mar.

2

Mar. 28

9,

Mar. 31

>6

195* Mar.

Sale

Mar. 31

195* Sale
175* Sale

Mar. 28

195*

195* Sale
48

25

Mar. 31

Mar. 28

165* Mar. 28

Mar.

5

Jan.

45

Mar.

1

Mar. 31

Mar. 16

Mar. 16

7

Feb.

5

Feb.

15

5

Jan.

8

60

Mar.

50

Sale

50

Mar. 30

65

Mar. 10

135*

Sale

13

Mar. 19

195*
515*
5*
5*
435*
125*
15*
95*

Mar.
1
Mar.
9
Mar. 24
Mar. 17
Mar. 9
Mar.
5
Mar. 9
Mar. 11

495* Mar. 28
5* Mar. 24
5* Mar. 17
37

Mar. 28

50

75* Mar. 31
5* Mar. 24

*

75* Mar. 29
Mar.

*

5* Mar.
4

35
116

Mar.

Mar.

Mar.

3

Mar.

2
7

13,400 Budd (E G) Mfg
*
650
Preferred 7%..........100
27,640 Budd Wheel
*
18,900 Bullard Co
*
4,400 Bulova Watch
._...*

Mar.

Mar.

12

Mar.

5
2

Mar.

Mar.

4

Mar.

100

Mar.

8

Mar. 18

115* Mar.

Mar.

1

Mar. 15

895* Mar.

Mar.

7
3

2j

Mar. 10

35* Mar.
75* Mar.

2

Mar.

Mar.

3

2

Mar.

7\

*

1

„5*

a2,y
Sale

Mar. 28

55*
5*
25*
95*

Mar. 11
Mar. 4
Mar. 11
Mar. 31

Sale

17

Mar.

1

Debenture stock

100

Sale

55

Mar. 31

130 Bush Term Bldgs. pref..

100

90

80

Mar. 19

5,500 Butte Copper 8c Zliic
.....5
6,200 Butterlck
8,600 Butte 8c Superior Mining..10
251,200iByers8cCo
•

1

35*
Sale
Sale
55

29

Mar.

5

Sale

18

Mar. 14
Feb. 25

Feb.

Mar.

*

Jan.

3

60

10

95

445*
45*
625*
185*
245*
245*

3

16

50

1

Mar.

60

5* Mar. 22
33* Mar. 30
3* Mar. 4
115* Mar. 31
50

Mar. 30

Mar. 30

Mar. 19
Feb.

6

34)

5*
25*
725*
335*
L16

Mar.

11

Feb.

1

5

15* Mar. 29

J*

75!

Mar. 31

Mar.
9
Mar.
9
Mar. 14
Mar.
7
Mar. 7
Mar. 8
Mar. 3
Mar. 19

15

1

29

Jan.

55* Mar. 11
9
•5* Feb.

25* Mar.

11

95* Mar 31
4
155* Jan.

Jan.

2

15
9

J»
30

25

Feb.

9

Jan.
Jan.

15
11

Jan.

26

25* Mar. 11
13

Mar.

7

215* Mar.

9

65

Mar.

29

85

Jan.

22

8

15
13
5

7
Feb.
4
Jan. 14
Jan. 28
Jan. 14
Mar. 7

8

28

5
9
14

85* Mar.
7o

13

2

Mar.

Jan.
Jan.

25* Mar. 31
4
35* Jan.

Jan.

Mar.

Jan.

Mar.
2

Mar. 14

1
5
9

11* Mar.

Mar. 18

10

Feb.
Mar.

1
Jan. 23
55* Jan.
9
Mar. 8

35* Mar. 30
5
55* Jan.
67

19

Jan.

36
Feb.
9 1195* Jan.

75* Feb. 10
3
15* Feb.

14

225* Jan. 14
515* Mar. 9
62

Mar. 30
5
Jan.
8
Jan.

19

1!*

15*
435*
125*
15*
105*

Mar. 24

18

Jan.
Feb.
Feb.

Jan.
9
135* Mar. 16
Jan. 14
Feb. 15
61
Jan.
6
65
Jan. 22

Mar. 17
Jan.
5
Mar. 31
Mar. 29

Jan.

74

Mar. 24

25* Jan.
Mar. 11
Mar.
5
Mar.
3
Mar. 11
Mar.
7

7
14
7
14

Mar.

55

Mar.
Jan.

Jan.
Jan.

Mar. 21

133* Mar. 16
75* Mar. 30

19

59

4

Mar. 31

11

Jan.

Mar. 28

Mar. 12

2

4

Jan.

Feb.

Jan.

Mar.

15

Jan.

Mar. 31

145* Mar. 141
45* Mar. 2

75* Sale

25

Feb.

4

)5

Sale
15

99

Jan.

Mar. 16

48)

18
Feb. 26
14
Jan. 12
Jan. 14
Jan.

2

Jan.

7

Mar. 28

74
80

2

13

14

Mar. 29

Mar.

55* Mar.

Mar. 31

18

9

Feb.

85* Jan.
285* Jan.

8

L0

Mar. 28

16

Mar.

Jan.
Feb.

8

31

7

41

15

27

11

Mar.

Mar.

Mar. 31

45
13

22

Jan.

12

}0

Sale

635* Sale

2

Mar. 31
Mar. 17

Sale

100

4

Jan.

5

Sale

Sale

2

Jan.
Jan.

5* Jan.
2

Mar. 29

43* Mar. 22

59

Jan.

3

Sale

21

Jan.

35* Jan.

320*
10*
if*

Mar. 17

355* Sale

605*
615*
145* Sale
22?* Sale

16

5* Jan.
7
5* Mar. 30
25* Feb. 23,

9

25* Mar.

5* Mar. 31

9

91

95*
105*
155*
125*
255*
795*
55*
15*
1515*
5*

Feb.

Mar. 15

175* Sale

Sale
12

75* Feb.
4
25* Jan.
7
85* San. 15

Mar.

75* Mar.
9
Mar.

5* Feb.

Sale
2

5

43* Mar. 31

145* Jan.

15* Mar.
45* Mar.
85* Mar.
75
Mar.
25* Mar.




4

Feb.

8

4

Preferred..............100

20

JS Jan.

6
Jan.
7
5 1375* Feb. 19
865* Mar. 9

Mar. 23
Mar. 29

70

90

Class B common
.*
100
Class B certificates
76,520 Burroughs Add Mach...._..*
7,900 Bush Terminal Co..

14

Jan.

8

665* Jan.
105
15
22

16
71

40

100

Mar. 14

Jan.

5

9

5* Mar. 19
5* Mar. 30
25* Mar.
1

*

.........

5

Jan.

65

143* Mar. 14

Mar.

780

9

Mar. 10

Mar.

H Mar.

145* Mar.

Mar.

Preferred

345*

20

preferred...........100

Class Anew—..

Jan.

35* Feb.
1075* Jan.

55* Mar. 10
15* Mar. 21
1015* Mar. 11

45* Mar.
15* Mar.

100

1,100
370
1,500

1

5* Sale
5*
1
25* Sale

..

56

Mar. 18

Mar.

70

a2VA
4?*
35*

9

105* Mar.
16
71

Sale

8

Preferred (7).........

69

5

5
335* Jan.
205* Mar. 30
675* Feb. 13

50

19,900 Brooklyn Union Gas..
*
1,100 Brown Shoe, Inc
*
230
Preferred
100
109,700 Briggs Manufacturing......*
5,200 Brun8wick-Balke-Coll...._.*
16,700 Brunsw'k Term 8k Ry Sec...*
13,700 Bucyrus-Erie Co
10
9,200
Con v preferred
5
180

9

15* Mar. 10
145* Mar. 9
25* Mar. 15

145*
105*

Blaw-Knox

Preferred

55* Jan.

90
32

Mar.

20

57,100 Bohn Alum 8c Brass Corp...*
2,900 Bon Ami class A............*
1,000 Booth Fisheries.

4

29
19
Mar.
3

Jan.
Feb.

55

11 103

5

Mar.

*
10 Bloom! ngd ale Bros
Preferred
.....100
543
240 Blumenthal 8c Co pref
100

60

Jan.

ir-

3* Jan. 15MM
5* Feb. 18

15

10

"

Corp......*

6,500 Brockway Motor Truck

90

Feb.

Mar.

15* Sale

*

4,000 Briggs 8c St ratton

305* Jan.

Jan.

9

89

*

115,600 Borg-Warner Corp.....
900 Botany Cons Mills A

2

Mar. 29

75* Mar.

6)* Sale
195* Sale

100

Best 8c Co

Borden Co

14

Jan.

5
13

12

*

Belg Nat Rys part pref
Bendlx Aviation Corp.

7% preferred

255* Jan.

Mar. 29
Mar, 29

53
32

70

*

...

6

9

Mar.

7

Jan.

2

9
8

3

5* Jan. 27
185* Mar, 28
105* Mar, 28

Mar. 10

45* Mar.
115* Mar.

8

Mar.
4! 13
5x295* Mar.

Mar.

100

Preferred......

Holding Brothers

ist

'

19

50

50

71

Sale

•

50

Beech-Nut Packing...

Bethlehem Steel

39

Feb.

175* Mar.
74

9

18

2,A

50

100 Bigelow-Sanford Carpet Inc *

280'

3

4

171

21

4

25* Mar.

Sale

*

1st preferred........

830

25

100

400 Burns Brothers

'""800

8

895* Mar.

22 110

25

....

200

700

28

5

75*

505*

....

Preferred.....

25

5

7% preferred..
100
30
114,600 Barnsdull Corp, class A...25
*
490! Bayuk Cigars, Inc

382,100

9

Sale

3

...

100

45* Mar. 12

7 5*
10

Sale

Austrian Credit Anstalt.
Autosales
..._*

390

117,800
51,600

3

3
Mar. 18

80

5H
65*
15* Sale
5* Sale

60

35

5*
*

Sale

Sale

......

Prior A

380

Preferred
190
300 Bar net Leather

33,500

Mar.
Mar.

73

2
Mar.
25*
Mar.
225* 20
Sale
5J* Mar.
5
Mar.
6
14
135* Mar.
75
17258 Mar.
45*
45* Mar.
95*
95* Mar.

84

....

60
100

100

75* Mar. 8
715* Mar. 14

14

25* Jan.

1

31 1355* Mar.
28. 865* Mar.

Mar. 23

5* Mar.

4

70

12

•

...

870 Barker Bros...

""*270

65* Sale

70

2d preferred...

9,000

If

Mar.

14

Jan.

13

Jan.

2

1

28

25* Mar.
205* Mar.

Sale

15* Sale
5* Sale
10

a\V*
Sale

Associated Oil...

280

100

65*
33*
135*
705*
23*
95*

50

Sale

*
70,100 Baldwin Locomotive
Preferred
100
6,070
1,090 Bamberger (L) 8c Co pref.. 100

1,800

15

Sale

15* Sale
55*

1,190

Preferred

Sale
M

80

*

10,500
1,700

500

19

Mar.

365*

Mar.

Mar.
Mar.
Mar.
Mar.
Mar.

Mar.

Mar. 14

5 103

Mar.

5

Mar.

Jan.

3

..100

87,600 Aviation Corp..........

180,300
27,500
183,700
14,800

15*
5*

*

""166

56,900
2,640
4,500
18,100
5,000
491,200
91,000
727,804
24,200

25*

Mar.

69

2%

4

Corp.....*

41,300

34,100
1,600
2,500
5,200

113*

Sale

....

800

10

7
3

22

715* Mar. 10!

Sale

Class B

600

470
370

Mar.

281

3

70

Armour of Illinois class A..25

900 Atl G 8c W 1 SS Lines

40,600

9
4

5* Mar.

95

400

840

Mar.

Mar.

35*
.095*
745*
765*
.065*

Sale

600

270

28!

Mar. 29i

2

70

92

Dry Goods
1st preferred

i",66o

25*

15,

if*

39

"""166

""600

215* Jan.

215* Mar.
265* Mar.
255* Mar.

95

35,400

"

7

17j

25

Sale

9,000

40

3

Mar. 15

70

Sale

90

10
2,300 Art Metal Construction
13,200 Associated Apparel Indus..*

400

Mar.
31
13
31 *295* Mar.

5* Mar
75* Jan.

345* Mar.
205* Mar.

Sale

40

4,100

900

5

Sale
20

Sale

Artloom Corporation
Preferred
20

2,200

3H
105*

Sale
Sale

Sale

77,600
71,900
19,600
6,200

615,800

74

4

Sale

100

41,800
32,200
10,200
1,300

420

8

12!

Sale

100

Preferred

13,200 Armour (Del) pref

66,500
1,200

31

95* Sale
63*
8
16 J* Sale
71

*Y/8
Sale

•

Archer Daniels Mid

730

"2,406

300

25*

Mar.

5* Mar.
5* Mar.
55* Mar. 30

Sale

Preferred
..25
1,200
...50
721,006 Anaconda Copper
*
3,900 Anaconda Wire 8k Cable.
•
24,200 Anchor Cap Corp

300

Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.

'

495* Jan.
85* Jan.

Mar .30

5

100

Sale

100

...

Writing Paper

Amer

13
14

Jan.

4 120

285* Mar .31
100

Mar. 30

165*
703*
32
Mar. 29! 505*
325* Mar. 28 345*

345* Sale

ngM

9
8

Mar. 19

Sale

*

445* Mar.
75* Mar.

Mar. 30 110

*

Corp

Pref voting trust ctfs

I

150

isU
Sale

Foundries

Preferred

165* Jan.
58

Mar. 31

31

53

4

Sale

......100

American Woolen....

Am

9

85* Mar. 31

8

Mar.

H
85*
225*
25*
5*
183*
105*

Sale

53

.....

2,900

Sale Prices.

57

285* Mar. 31
5
101

\y*

c

.....

400

108

Preferred.

27,900
208,400

Mar. 31

31

Sale

2!

Preferred. .............100
350
*
8,700 American Stores
28,500 American Sugar Refining.100
Preferred
100
7,400
6,200 Am Sum Toh
3,767,540 Amer Telep & Teleg
10«>
25
32,500 American Tobacco
Class B
25
421,550
Preferred
!
.100
7,100
1,200 Amer Type Founders..... 100
Preferred
100
1,260
101,800 Am Wat Wks 8c El
Certificates
*
3,700
1st preferred
.....—*
1,800

6,600
62,300

700

....

Amer Sol* 8c Chem
Amer Steel

Highest.

Sale Prices.

165* Mar.

85* Mar. 31

Sale

10

.....

Preferred..

Lowest.

Sale Prices.

Sale Price.

83* Sale
31

52

Ask.

100

...

23,100
12,800
7,500

256,356
2,000
7,000

Sale

*
*
*

530 American Shipbuilding

610

400

145*
50

.........100

206,950 Amer Smelt 8c Refining,
Preferred
8,200
2d Preferred...
6,520
7,400 American Snuff

120

320

56

13,700 American Republics..-..—*
159,400 Am Rolling Mill
25
17,100 American Safety Razor
*

260

32,600
1,000

Sale

*

1,800 Amer Ship 8c Co mm

300

135*
52

Ask.

Highest.

Lowest.

*

$5 preferred

500

30

Bid.

March 31.

Ask. Bid.

Am Radiator 8c Stand San..*

500 American Seating

2,400
5,600
2,200
2,300
1,145,453
10,100
115,200
2,300

March 1.
Bid.

.....

100

59,700
4,700
3,020
2,900

Jan. 2

1932.

193,600
15,500

RANGE SINCE JAN. 1.

IN MARCH.

Price

Jan. 2.

S

33

EXCHANGE-STOCKS

Jan.

4p

5

19

26

61

8

Mar.
Mar.

9

7
14
7
8

Feb. 19
Mar. 19

N. Y. STOCK

34
AGGREGATE SALES.
Since

March.

Shares.

RANGE SINCE JAN. 1.

IN MARCH.

Jan. 1.

Shares.

PRICES

STOCKS
N. Y. STOCK

In

EXCHANGE-STOCKS

3,100

""Boo
8,400
1,800
14,600

1,700

I

'

1,200
2,000
717,100
y750
25,900
170
100

4,200
600
900

210

1,700
1,200

1,983,200

300

10,900
40,600
5,000
2,000
400

2,200
6,100
120

2,420
175,700
8,300

*

610

.

560
800

1,600

40,906
3,400
14,400
1,200
18,100
200

2,400
2,700

A--*

Mar. 15

Preferred class A...—...50

2234 Mar. 30
3134 Mar. 28
5234 Mar. 17

374

Preferred

110

stamped........
Solv—.. ......*
Conde-Nast Publlc'ns
*

...

80

Preferred

340

2,170

10

520

1,000
2,700
2,200
1,050
3,000
110

5,200
2,300
59,100
15,100
150
20

3,800

8,500

100
Preferred (6%)
100
Prior pref x warrants.....
.........

12,800 Consol Film Industry
Preferred
18,500
1,142,550 Consolidated Gas
...

*

Consol Laundries Corp.....*
Consolidated Textile
*

Preferred...

—.100

...

Corn Prod

Refining..

Preferred

Coty.Inc

—25
100

...

11,800
4,900
66,700
6,300
3,500
3,400
1,200
♦

Crown Co-'. Ac Seal......—*
Pref en ea...

.._....*
._..._*

..—.—*

Crucible Steel of Amer
Preferred
Cuba Co....

8% preferred......

10

......

20

5,700 Dresser (S R) Mfg
4,7001 Class B




Ex-dividend.

conv

*

4

Mar. 11

80

75

80
Mar. 24

34 Sale
4

20

8

Sale

8

8%

1634
95

1834

'

18

Mar. 24
Mar. 15:
Mar. 22

Mar.

3

Mar. 8
6634 Mar. 16

ai ys

134 Mar. f2
434 Mar. 23
8

Mar. 15

22

Mar.

5

5

96

934 Sale

4834
] 2934
90 H

834
7634
10 34
8

26>4
70

1334

8134

334
62 34
9 34
20 34
16%

Sale
Sale
Sale
Sale
20

I
5

534
5

1%
334

19

97

57"
%

18*
8

63

3

IK
Sale
13
Sale

7%

a

834
834
034
734

1834 Mar. 28
2

6734 Mar. 29

„

134

Sale

Mar. 28

13

13

Sale
8

Sale

Mar. 15!
Mar. 28
Mar.

934

5?*

5

60

234

25

Sale

65

70

8

50

72
60
60

Sale

47

2

3

6

90
9

Sale

~

9%
34 Sale
Sale

,34

1

Sale

'x
42

%
44
Sale

3434
334 Sale
20
1934
134
134
6

Sale

34 Sale
4134 Sale
125
13434

1034
3

1334
2134

Sale

2234
1234
334
1434
25

18

134

Sale

134
M
1
8

31
4
23

1034
834
10%
934

80
69

112

Sale
59
3

334
4
034 Sale
234 Sale

583-s Sale

1

8

934
34
234
34
534
34
44

3IM
2?M

93

Sale
Sale
234
134
Sale
Sale

83

g*

Sale
Sale
92

Mar. 31

70
60

Mar.
Mar.

54,

Mar. 23

3

Mar. 31

834 Mar. 31
5734 Mar. 31
9134 Mar. 18

14

Jan.

18

2

Feb.

29

734 Mar. 15
12% Jan.
4
9
634 Jan.

Mar. 16

Jan.
Jan.

14

Feb.
Feb.

23

Jan.

14

11

Mar. 24

4% Jan.
6
1234 Mar. 17

10
7

3

Mar
Jan.

% Jan.
2% Jan.
8

Jan.

1534 Jan.
Jan.

14

634 Jan.
11% Jan.

22

Mar. 12

9

Mar. 28

734 Jan.
10

Feb.

71% Jan.
9

Jan.

13

Mar. 18

5634 Mar. 11
1534 Jan. 14
2834 Feb. 19
68

7
25
7
5

5

Jan.

15

2% Jan.
434 Jan.
834 Jan.

6

Jan.

85

22

14

22

Mar.

Feb.

96

5120
9734 Jan.
6
50
45% Jan.
2434 Mar. 28 3134
87
Feb.
6 95
7

22

14

Jan.
Mar. 11
Mar. 17
Mar. 29

63
80

17

20% Jan.

Jan. 20
Mar. 15
Mar. 21

634
5634
1034
2434

23

Mar.

8

Mar.

9

Mar. 11

10% Mar.

19'

80

11

1034 Mar.
12

5

15

Mar. 22

10;

634 Mar. 24
3034 Jan.
7
64
Jan.
5
1134 Mar. 31

19
7

7

Mar. 17

% J an.

30% Jan.
79

16%

8
14
7

16
Mar. 9
Jan.

34

Sale
Sale
Sale
Sale

Mar. 31

7

Jan.

1

Jan.

34 Mar. 23
40

1

Mar.

Mar. 24

5% Mar. 21
34 Mar. 11
40% Mar. 28
125

Mar.

3

Mar

.

3234

Mar. 11 i
!

24

Jan.

37

Mar. 12

1% Jan.

2

15
34

234
2334
4934
134

Sale

23
79

Sale
80
Sale
Sale

2034 Sale"

7% Mar. 21
2034 Mar. 31

75

75

80

Mar. 28

Mar. 31

Sale
Sale

Sale

7

Sale

3

Mar. 29

434

8

12

1

Feb.

1
6

Mar.

5

134
8%
35%
7%
31

Jan.

86

Jan.

15
14

234 Feb.

2

Feb.

8

3

1% Mar. 29

1

1% Mar. 28
5
70% Jan.
"

3

15
14

Jan.
4
Mar. 31

Mar. 28

4

Mar.

15

34

6

7% Mar. 21
20% Mar. 31
75

9

5

Feb.

Mar. 30

34 Jan.

30

Mar.

1934 Mar. 21
4% Jan.
7
1534 Mar. 5

Feb.
Jan.
Jan.
Jan.
J an.
Jan.
Jan.
Mar.
Mar.

Mar.

Mar. 12
Mar.
7
Mar.
4

Mar.

23

16

Mar.

Mar. 31

80

Feb.

5
'1034 Jan.
2% Mar. 19

i Mar.

1% Mar. 29
134 Mar. 28

2

7

8
11
16

2

Mar. 10

11

4734 Mar.

4

Mar. 31
Mar.

83

3 129% Jan.
5
434 Jan.

26

1

8

5

Mar.

20% Feb. 15

34 Mar.

85
76

Jan.

125

23% Jan.

6

85
76

5

Mar. 12
Mar. 12

33

90

Jan.

5% Feb. 10
2
34 Jan.

20

Sale

85
76

434 Feb. 17
2534 Mar. 8
134 Jan. 14
7
Mar. 8
34 Jan. 13

5

37

1

Sale
Sale

Sale

8

4

Mar.

7

Mar.

31

6

134 Sale

5

41

2% Jan.

33

134

4734 Mar.

5

2:37

34 Mar.

434 Mar.

Sale

6

29

1

33

8%

Jan.

Mar. 21
Mar.
Mar.
Mar.

33

1

18

14
8

Mar.

19
28
31

.

8
3

19%
334
15%
23 34

Mar.
Mar.
Mar.
Mar.
Mar.

Sale

Mar.

23

2034
1534
2%
1234
2034

■O

Mar.

3134 Jan.
3% Jan.
19% Jan.

40

% Mar. 12

3 127

22

154 Mar.

Sale

8

8
55
Jan.
Jan.
8
Mar. 23 »24% Jan.
72
Feb. 20
59
Jan.
6
Mar. 7
52
Jan.
6 60
44% Jan.
2 5834 Jan. 12
3
Mar. 31
5 34 J an. 11
Mar.
7
8% Jan.
5

% Mar. 23

„

1*

13

9% Mar.

4

1

Sale

1

6

Feb.

2

6
8

634 Mar.

Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar. 21
Mar.
~

19

Jan.

11

Jan.

Mar. 31

4

Mar.

17

10

8

7% Jan.

20
19

Mar.
Mar.
Mar.
Mar.

41*

2

Jan.

334 Mar. 28
1934 Mar. 31

44

Mar.

1% Feb. 24
1034 Mar. 8

8
% Feb.
734 Jan. 29
8% Mar. 15

2% Feb.
1% Jan.

Mar.

334 Sale
1934 Sale

12634 12834 120
3
334
334
20
2234 2034
1534 Sale
18%
334
334
334
1234
1334 12%
23
20.%
W/s
28
33
25%
134
234

3

Mar. 15
Mar. 11

34 Mar. 22
1% Mar. 28
% Mar. 23

1

Mar.

Sale
Sale
Sale
Sale
130

27% Mar.

34 Mar.
234 Mar.

4734 Mar.

1

2

Feb. 19 101
Mar. 2 95
4
77
Jan.

5

13

Mar. 31

6

Jan.

15% Jan.

Mar. 7
Mar. 3
Jan. 22
Mar. 14

Mar. 11

Jan.

34% Mar. 31

Sale

16% Jan.
56

Mar.

Mar. 24
Jan. 14

4

34% Sale

Sale
Sale

11

Feb.

Mar.

2634
2134
2034
68%

6% Mar. 29
3% Mar. 29
53,% Mar. 31
8 34 Jan.
5
•19% Jan.
17

9

41%
7%
4%
68%

10

Sale

Sale

10

10

40*

6

Feb.

Feb.

Sale

434
2234

28

Feb.

19

1034 Sale

11

Jan.

Jan.

4134
1%
34
134
7%
35%
7%
24%

21

12

Mar.

Mar. 30

1334 Sale
2334 Sale
734 Sale
1434 Sale
834 Sale

11

934 Mar.

95

Mar. 28

115

18

FeD.

8

Mar.

9

2

Sale
Sale
Sale

434 Mar.
1134 Mar.
6834 Mar.

16

85
70

Jan.

34 Mar. 22
1% Mar. 28
34 Mar. 23

Sale

34 Sale

lit
4*

Mar. 23
Mar. 23

34

100

20

4

2234 Mar.

16

7934
134 Sale
234 Sale

15

15

Mar. 23

35

73

Jan.

5

Mar. 31

55

15
65
53
54

iiH

18

18

15

75

834 Mar. 31
234 Mar. 19

58

Mar.
Mar. 15
Mar.
Mar. 8

34

10

19

33

434 Mar. 28

94
89

40% Sale
134
134
34 Sale
134'Sale
7
734

134

6% Feb.
27% Jan.

43% Jan.

Feb.

70

7

Mar. 21

2234 Feb.

Feb.

Mar.

95
77

60

26

Sale

1

Mar. 15
Mar. 11

2 101

Mar.

96
89

69

V*

Sale

27% Mar.

Mar.

95

Sale

olf

l?A

Sale

24""

44% Sal©
334
5
9%
11

20

—-

3334

17

13

14

Feb.

6

11

15

Jan.

7% Jan.
1334 Jan.

7

234 Jan.

95

100

34 Jan.
4

4

Mar. 28

134 Jan.
7% Jan.
3

5
29
10
8

534 Mar. 31

Mar. 12
Mar. 28
Mar. 18

Mar.

2634 Feb.
4934 Fob.

3 34 Mar. 23

934 Mar.
14

634 Mar.

63

95 34 100
113
114

Sale

—100

cl A..*

7

Mar.

Mar. 21

Sale

Sale

17 J4

34

1034 Sale

31,900 Diamond Match
*
13,800
Participating 6% Pref—25
94,500'Dome Mines Ltd.
--*
19,800:Dominion Stores
...♦
22,400 Douglas Aircraft Co Inc.—.*

x

1

Mar.
5

Mar. 22

63

Sale

8

9

Mar. 17
Mar. 14

9

2434 Sale

43*

8%

334 Sale
234
134
5
13
1334

100

Mar.

96

734

60
69 % Sale
13
Sale

*

800 Dpvoe Ac Reynolds A..
1st Preferred
120

Mar. 17
Mar.
9

Mar. 15

65

Sale

Sale

75

5

23
11
15
3
23

9834

10

734 Sale

5a

Mar.

Mar.
Mar.
Mar.
Mar.
Mar.

Sale

9

8%
9434

*

Davison Chem

5

234
134
73a
1234
534

4

7%
70%

24

—--*

8,800 Cutler-Hammer Mfg

28,500 Deere & Co prei
12,000 Detroit Edison

§28

434 Feb.
22 34 Fob.

8

5
4

Jan.

1

6634 Mar. 8
1234 Mar. 4
334 Mar. 26
1934 Mar. 17

Mar. 24

5634 Mar. 11
1034 Mar. 17
2434 Mar. 29

Jan.

Prices

11% Feb. 13

Mar. 30

534 Feb. 16

Mar. 15
Mar.
7

534 Mar.
26
39

16% Sale

Sale

Sale

Preferred....——..—100
Cudahy Packing
50
110 Curtlss Aeropl Ac Mot Co Inc *
18,100 Curtiss Publishing Co..—
Preferred
7,700
235,200 Curtlss-Wright Corp
...-*
Class A...
45,000
280 Cushmans Sons 7% pref.. 100

Mar. 21

5

88

43

—*

20

57% Sale

IP gj*

22

....———-*

10
17

Mar.

Mar.
8
10934 Sale
10934 Mar. 28 120
Mar. 22
4934
4934 48Mar. 1 50
Sale
3134 Mar. 9
24% Mar. 28
Sale
27.34 Sale
Mar. 11
Mar. 28 95
9734 90
9434 90
734 Mar. 26 10% Mar. 7
754 Sale
Sale
80
Mar. 17
75
Mar. 31
Sale
94 34 75
9
10
Mar. 12
1034 Mar. 8
Sale
34
6
934 Mar. 5
634 Mar. 24
9.
3J*
25
40
40
Mar. 19
Sale
70
Mar. 31
7034 70
Mar.
9
1134 Mar. 31
1134 Sale
Sale
82
8134
2934 Sale
2954 Mar. 31 41% Mar. 9
Sale
7 34 Mar. 24
634
7
634 Mar. 29
Sale
•434 Mar. 7
334 Sale
334 Mar. 29
Sale
5334 Sale
5334 Mar. 31 6834 Mar. 11
Mar.
834 Sale
Sale
834 Mar. 16 11
2634 2354 Sale
2334 Mar. 31 26% Mar.
17 34 Mar. 12 2134 Mar.
1734
Sale
1834
Mar.
8
17
Mar. 28 20
1734
19
Sale
64
Mar. 24 68% Mar. 14
6434

100

Cuba Cane Products
Cuban American Sugar

24,900

1.

.

100

—

240

70

22

—....*

940 Crown Wil P 1st pf
3,000 Crown Zellerbach

No par value

100

*

100

Crosley Radio

Debenham Securities

"""Ho

85

xl2

Sale

3

De Beers Consolidated Mines.

12,100
5,200

13% Sale

-.-.--*

—

Cream of Wheat
Crex Carpet

11,400
1,570
1,700
21,700
8,800
3,043
9,700

7
3
8

12

26
65

Continental Bakcl A.......*
Class B_.......

167,200
2,020
41,300
7,900
13,600
7,800
11,730
3,100

!

8%
6%

5%
8

Container Corp class A....20
Class B
*

161,950 Continental Can...
*
7,600 Continental Diamond Fibre *
10
46,700 Continental Insurance
52,300 Continental Motors......—*
234,300 Continental Oil
—*
85,300 Continental Shares

81

13

Mar. 16

334 Mar. 23
534 Mar. 31
1034 Mar. "

8%
11

8

61

Pref 15

25,100
16,800
27,700
6,411
10,600
30,400
40,800
15,900

Sale

1034

Warrants

Commercial

Congoleum-Nalrn Inc...
*
Congress Cigar.
*
30 Conn Railway Ac Lighting 100
6,400 Consolidated Cigar...—
*

390

1-200

*

........

6H% preferred—.—.100
Convertible preferred
*

600

„

Preferred B
—25
1st preferred.........—100

Preferred............—100

11,900

400

4

100
-—*

900

382,650
1,000
49,000
8,300

100

*

Preferred B
Columbian Carbhn

880

;

3,000

48,400
1,900
11,100
6,200
114,000
23,400
52,300
1,340
16,500
3,800
7,300
1,200
4,330
1,600

100
Ac El PreferredlOO

9

2

534 Mar. 17
1234 Mar. 17

%
2
*
10%
834 Sale
*,
15%
16
*,
95
100
100
• 10654} Sale

105,000 Comm InvTrust

156", 500

4,200
6,700
342,900
;
11,900
6,600
6,700
1,300
3,300
10,100
10,000
4,700

11

'

Preferred.

34 Feb.

1!

7|
9

834 Mar. 31
234 Mar. 19

Investing...........100|

1.700 Columbia Pictures Corp v t c*
545,824 Commonwealth At Southern *
Preferred
21,100
—•
*
65,321 Commercial Credit
Class A
—50
4,500
Preferred 7%........—25
650

400

2",200

434 Mar. 28

7

Equipment
5 200 Cluett, Peabody & Co
*240
Preferred
235,000 Coca Cola
8,900' Class A
•
27,400 Colgate-Palmolive-Peet Co—*
Preferred
4,900
—......-100
*
28,200 Collins Ac Alkman
Preferred
100
1,100
*
7,900 Colonial Beacon Oil Co
-*
10,700 Colorado Fuel At Iron

Mar. 31

70

1

2,100 Clark

490

"

Mar. 28
Mar. 29
_

1

53,300 City Stores-.
Class A——
670

1,600

200

Mar. 10

....

140

24,400
2,900

7
Mar. 17
Mar. 31

3,790 Chickasha Cotton Oil
10]
27,400 Childs Co
270 Chile Copper
25]
2,420 Christie Brown & Co Ltd..
'
905,1001 Chrysler Corporation
16,100 City Ice Ac Fuel...
Preferred
1,220
1001

520

180

Mar.

—.100

51,400 Chicago Pneum Tool
Preferred
8,500
650 Chicago Yellow Cab....

198,566

35,400

Mar. 28

—

108",660

900
210

~

147,000 Cerro de Pasco Copp
*
6,100 Certain-Teed Prod
700
7% preferred..—.100
43,100 Checker Cab
—.......
179,300 Chesapeake Corp

207,300

1,700

—100

2,270
100
...*
94,500 Caterpillar Tractor.
1,130 Cavanagh-Dobbs, Inc......*
920
Preferred.........——.100
17,500 Celanese Corp of America
*
2,500 Celotex Co
Voting trust certificates..*
2,500
270
Preferred...... ......—100
9,500 Centra) Aguirre Associate#.•
*
4,000 Century Ribbon Mills..

110

163,500
5,000
22,121

c

Case (J I) Co
Pref 7%

7,900 Columbia G
Common
505,449

"2",800.

*

Capital Admin Co Ltd

60 City

'MOO

Mills—

Mar. 31
Mar.
3

Sale

2

334 Mar.
6J4 Mar.

Highest.

Prices.

834 Jan.

3;

Mar.

Mar. 30
Mar. 21

Campbell W & C Foundry.—*
Canada Dry Glng Ale
—*
Cannon

Sale

1034 Mar.

Call f Packing Corp

Callfnia Petroleum.,..——25
"2", 100 Callahan Zinc-Lead..10
—25
24,000 Calumet & Heel a

7,100
42,200
5,700
7,900
3,600

Lowest.

Highest.
Sale Prices

Par.

18,500

234

44,900
3,700

EXCHANGE]

Jan.

Jan.

4

76
10

Mar. 31

3

11
18

9

21

3 34 Feb.
1
90
Mar. 12

5

67
7

14
14
15

Mar. 29

Mar.
7
Jan. 21

534 Jan.

15

1534 Jan.

15

-

134

""5"

iirA

Sale
Sale

12

im
2i%

15

Sale
Sale
Sale
Sale

14%
1534
11% Sale
21
2234
11

Sale

1%
3
834 Sale
9834 Sale
11

9134
14% Sale
24
24%
z934 Sale
15% Sale
9

18
9

734 Mar. 30!
98

734 Mar. 30

10% Mar.

98

Mar. 29 11534 Mar.

13

Sale
Sale
Sale

Mar. 29 122

85

Mar.

Mar. 16

Mar. 10
Mar. 18

1434 Mar.
23% Mar.
934 Mar. 31
15
9

Mar. 28
Mar. 28

1734 Mar. 28
8

Mar. 24

85

Mar.
Mar.

11% Mar.
221

Mar.

11% Mar.

5

Mar. 16

12% Jan.
21% Jan.
735 Jan.
13

13

Jan.

734 Jan.
1734 Mar. 28
8

Jan.

14

1334 Feb. 24

1034 Jan.

Mar. 24

95

Feb.

15

15% Mar. 10
24% Mar. 18

11% Mar.
18

Mar.

13% Feb.
23

Feb.

5
5

1
25

12% Feb. 17

EXCHANGE-STOCKS

N. Y. STOCK
AGGREGATE

SALES.\

PRICES IN MARCH.

STOCKS

Jan. 2

51 %

323,297'Drug.

Preferred...

100

—

640jl)uque8ne Light

35,700
1,797,600

90

10
90

....*

100

...

Baton Axle A Spring..
E 1 duP de Nem A Co

92%

20

11,200
6% cumul preferred....100
23,600 Eltingon Schild....
12,200
Preferred k%%
1»0
543,400 Electric Auto-Lite
Preferred............

45,900 Electric

29%

100

1% Sale

*

1

_

91

4

Mar. 17i

90
89

Feb.

13

1* Feb.

5j

4

10* Jan. 23
25 101* Jan.
8
101 97
Mar. 14

Feb.
Feb.

3

Mar. 14

97

57

Mar. 28

924 Feb.

4% Mar. 2
5% Mar. 5
72* Mar. 31< 84* Mar. 7
110
Mar. 22 115
Mar. 28

Sale

6
Sale"
6
Mar. 16:
7%
45% Sale
45% Mar. 311 58%
103% 104
101 % Mar.
1 105
%
% Mar. 3
*
4%
6k
6% Mar. 16
6%
20% Sale
20
Mar. 31
32 %
93% Sale
9334 Mar. 31 100
1% Sale
1% Mar. 1
2%

Sale

97

100

Boat

96

73
111

.....

920

Mar. 14

Sale Prices.

47* Mar. 28

55% Mar. 5
1% Mar.
10
Mar. 14

Mar. 28

Highest.

Prices.

Jan.

20

"~3*

3%
5
78% Sale
112
6%
7
54% Sale
101 % Sale

•

1

10

Sale

Price«

101

20

100

Sale

I

47* Mar. 28

12

Lowest.

Highest.

Sale Prices.

Sale
Sale

1

95 •

.Lowest.

Ask.

48

91

1st pref._100

Durham Hos Mills pref

Preferred

10

Sale
2
12
101

1%

*

•

2,900 Eastern Rolling Mill
338,500 Eastman Kodaa
450

Ask. Bid.

Bid.

Par.

1,200 Dunhill Int
1,800 Duplaa Silk

! March31.

March 1.

1932.

Shares.

401

RANGE SINCE JAN. 1.

Price

N. Y. STOCK EXCHANGE

Since
Jan. 1.

35

Mar.

99

3

Mar.

7

98

2
Mar. 16
Mar.

Jan.

5% Mar.

5

14
18
19
19

5924 Feb.

6 105

Mar. 17

9

Jan.

15

* Feb.
5* Feb.

Jan.

134
12*
20
Mar. 31
3224
9334 Mar. 31 100*
134 Jan.
6:
2*

7

Mar.

Jan.

424 Jan.
45* Mar. 31

Mar. 17

Mar.

21

10! 8724 Jan.
22 119* Feb.
4!
8
Feb.

68* Feb.

6
6

Mar.

7
16

Mar.

5
8

324 Mar.

8

1524 Mar.
5824 Mar.

9
8

29

Mar. 31

64

Jan.

14

Mar. 11

28

Mar. 31

55* Jan.

14

Feb.
Jan.

6

Elec & Musical Ind—

130,300

612,500
14,250
11,000

American

shares

3

1—

w

Elec Power A Light.......
Preferred certificates

Preferred

3% Sale
12% Sale

Sale

3% Sale
7% Sale

3

Mar. 29

11% Sale
48% 52
43% 45

55

Sale

29

Sale

29

47

Sale

28

Sale

28

26%

*

(6)

30%

Sale

25

Sale

24% Mar. 29
% Mar. 1
% Mar. 5

7% Mar. 31
Mar. 31
Mar. 31

50

224 Jan.
4
7* Mar. 31

4

Jan.

8

15* Mar.

9

Rights

26,400 Elec Storage Battery
*
5,240 Elk Horn Coal Corp...
..*
4,660
Preferred
........50

Sale
%

Sale

%
%

%

*

—

7
1
5

3334 Mar.
34 Mar.
34 Mar.

2424 Mar. 29
* Jan. 13
* Jan. 13

33* Mar. 7
* Jan. 13
* Jan. 13

Emerson-Brant cl A
Class B

•

Emporium Capwell Corp

JX

•

1,600

|6

cum

preferred

Preferred

13% Sale
3%
4%
2%
10%
6
6%

ilH

80

100

..........25

Preferred

7% preferred

Pref ctfs of deposit
4,600 Fairbanks Morse..

100

3,300 Fashion Park Assn..
1,070
Preferred...

4,600 Federated Departm't Stores.*
1,100 Federal Light A Traction..15
210:
Preferred

1,700,Federal

Screw Works.......*

2%
1%

50,400.Federal Water Service A....*
31,900 Fidelity Phenx Fire Ins....10
470 Fifth Avenue Bus...

4%
23%
6%

....*

10 Fllene's Sons..

lOfc
*

Fuller Co prior pref
190
2d preferred

1,265
Preferred
8,200 General Bronre
4,100 General Cable...
1,660
Preferred 7%
8,400
Class A
750

—...»

*

*

Class B

420

680

250

3%
18% Sale
2% Sale
60

65

16 %

25

Mar.

9

21

Mar.

5

25

Mar.

2* Mar. 23
1* Mar. 2
10* Mar. 16

2

2
Sale

1%
a
6% Sale

Sale

21% Sale
7% Sale

7%

7

2%
48%

Preferred......
General Refractories

9

8

Co.

Mar.

7

89

Mar. 31

12

Mar.

15* Mar.

8

12

Feb.

9

57

51

Sale

51

Mar.

59

Mar.

5

4

48%

Sale

46* Mar.

53

Mar.

7

5024 Jan.
4134 Jan.

15* Mar. 8
59* Jan. 26

5

53

* Mar.
* Mar.
* Mar.

1
9
2

Mar.

4

7* Mar.

7

% Sale
%

11*

7*

10

82

5%

9%

10
95

1

5

8

6* Mar. 30

7

Sale

50

Sale

Mar. 29

7

Mar. 31

8
12

2%
Sale

18

334 Sale
64%
16 * Sale

2% Mar. 24
17* Mar. 29
3

9
9

Mar.

8

19* Mar.

3

Mar.

16* Mar. 31

4

25

12

2%
50%

24 Mar. 23
11

Mar. 24

1

14* Mar. 18

11

7

12

Mar. 30

234 Mar. 24
1534 Feb. 10
224 Jan.
2
60
Jan.
5
1534 Jan.
4

Mar. 10

Jan.
Mar.
Jan.

Jan.
Jan.

Jan.

30

24 Feb.

5

Feb.

11

11

"2*

32

14
9
14
14
15

Feb.

9

1* Jan.

4
11

17

Jan.

3

49

Feb.

8

61

8

28

Jan.

4

12

Sale

Sale

35* Mar.

1024 Mar.

Mar.

8

12

13

1024 Mar. 28

Sale

16

Mar.

Mar.

4

11

98

100

100

Mar.

2

Mar.

Mar. 11
3

97
2

Jan.
Feb.

Mar. 21

124
11*
334
2824
89*

Jan.
Feb.

1^

13H
4

105

3%

Sale

2

2

17

Sale
4

d*

Sale

Sale

25

30%

39%
40
24

20%
31%

29%
Sale

22%

23%
32
88*
Sale

Sale

Sale

83

Sale

Sale

Sale

85

Sale
Sale

Sale
Sale

88%

4

3%
7%

3U

Mar.

124 Mar.
1124 Mar.
3% Mar.
32* Mar.
89* Mar.
17* Mar.
10* Mar.
34 34 Mar.
134 Mar.
20
26

Mar.

8

Mar. 10
Mar. 22
Mar.

7

Mar.

21

9

Mar.

Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.

3

Mar.

Mar.

11*
2434
32*
87*
15*
7934
324

Mar. 11

2

Mar. 11

Mar. 10
Mar. 17
Mar.

3

Mar. 12

10

5

40%
6

Sale

Sale

54

2%
27

Sale

Sale
67

Sale

64*

Sale
23

29

Sale

Sale

Sale

15
Sale

62

5%
44

50

Sale

*

17

*

48

Sale
Sale

*

8

Preferred

100

Preferred

ex-warrants..100

50
50

Sale

434 Sale
1234
15
15* Sale

21

/

Sale

x55

!

55

52

H

1*»

Sale

10* Sale
6534 Sale

Sale

3*
12*

Sale
13*

1124 Sale
Sale

44

9* Sale
6534 Sale

Jan.

14

Mar.

14
9

Feb.

17

10

11* Mar, 241
8
21* Jan.
6
31* Jan.
86

Jan.

Feb.

24* Jan.
25

Mar.

37

Feb.

88
Jan.
24* Jan.

15* Mar.
79* Mar.
3* Feb.

87* Mar.

6

Mar.

1

10

1

44

8

19* Mar.

28* Jan.

Mar.

75

90

24 Mar.
1434 Mar.

Mar.
Mar.

* Jan.
1234 Jan.

Mar.
Mar.

Mar.

*
18*
6234
1%

Mar.
Mar.
Mar.
Mar.

Mar.

14

Mar.

534
4834
534
1624
90*

Mar.
Mar.
Mar.
Mar.
Mar.

75

Sale

13

Mar. 10
Feb. 15

Jan.

9

Sale

Sale

~

5

Sale

,7/»

2
38*
Mar. 24 101
Feb. 10 26*
2
Jan.
11*
5
Jan.
40*
Mar. 28,
2*

Mar.

91

11
9

1
4

29* Feb.

Mar.

*

8

Feb.

16* Jan.
5* Jan.

40

Mar.

Sale

~

Mar. 21

Mar.

1%

9

Feb.

19* Mar.

n*

Jan.

1 m

20

Sale

13*
19%

8

15* Jan. 15
19* Mar. 4
27 105* Mar. 11

26

Sale

14

14
16

5

Mar. 30

Jan.

Feb.

Mar. 15

Sale

1
Sale

Jan.

3* Jan.

Mar.

7

8*

17*
10*
3124
1*

Feb. 13

Mar. 17
Mar.
4

Sale

*

20

2

4
13

"A"

Feb.
Jan.

Mar.

100

1,300Gould Coupler

10

Mar.

93

16,100
1st preferred
36,700 Gotham Silk Hosiery

7

80

Mar.

Sale
Sale

100

Mar.

18

* Jan* U
* Jan.
9
1* Jan. 18

Mar.

17% Sale

7% preferred
158,900 Goodyear T A R

Jan.

6* Mar. 30

29

1

%
11

3

83

6,000

Mar. 31

7* Mar. 7
1034 Feb. 19

1

Mar. 28

Sale

•

9

7
94

25

5%
Sale.

Preferred

Jan.

4

Mar. 10

3* Mar.
21* Mar.

3%
22 %
75
%

Gold & Stock Telegraph..100
57,700 Goodrich (B F)
»

Feb.
1
Feb.
2
Feb.
3
Mar. 28
Feb.
5

95

234

45

•

Mar. 31

*
34
34
724

Mar. 14

*

*

7

65

6

Sale

12

10

95

4%
6

2%
3%
19% Sale
3% Sale
64%
18% Sale

2

* Mar. x
34 Mar. 4
34 Mar. 29
7% Mar. 28

Sale
Sale

100

2724 Jan. 15
8* Mar. 8

Sale

13%

100

8

6
14

Sale

Mar. 31

*

*

Feb.

6* Feb. 18

Jan.

2* Mar.
50* Mar.

pref erred. .100

Brothers

20

2

29

....*

7% preferred




Mar.

8* Mar.

3* Feb.

10* Mar. 16

Sale

...

Convertible

No par value.

7
94

27

9%
Sale

186.800 Gold Dust certificates ..._.*

•

Mar.
Mar.

134 Feb. 10
334 Jan.
4

70
Sale

6

.......

7% prior preferred..
42,080 Gobel (Adolf)

390

Mar.
Mar.
Mar.
Mar.

Mar. 30

25
Jan.
8
Jan.
7
Jan. 25
Mar. 11
Mar. 9

30

3%

100

200

800

124
424
21*
734

Sale

30
33

Sale

Gen Steel Castings pref
*
Gen Theatre Eq v t c
__._*
Gillette Safety Razor
*

Glidden

Mar.

2

Mar.

13* Mar.
Mar. 14
x20

8

Jan.

21

10* Mar.

*

Preferred

Girnbel

Sale

1*
16

*

Gen Realty & Utilities Corp.*

4

12

33
30

3

*

Mar.

20

.

Mar.

89

50

94

3

*

32,824 General Public Service
43,050 General Ry Signal
18,100
11,600
6,400
710
101,800
898,300
28,700
10,700
6,830
20,400

75

20

Preferred

Mar. 24

1* Jan
4

14%

"8% Sale"

*

*

29

30
3

2

4%

Sale

22,200
Preferred (5)...
22,000 Gen Outdoor Advertising
2,600
A
1,490 General Printing Ink..

7
4
3

ilH

Sale
50
25

2,400
Preferred
.......100
3,852,350 Gen Motors Corp,
.....10

Mar. 10
Mar.
8
Mar.

64

Sale

*

Jan.

5
11

12
28

334 Mar. 31
4* Mar. 23
524 Jan. 19

22

1% Sale

16,500 General Mills

85

7

34

•

27

6

95
Sale

Preferred A (7)

Jan.

1* Mar. 31
234 Jan.
6
3* Mar. 31

Jan.

Sale

Preferred A (8)
3,100
Conv preferred A
1,000 General Italian Edison

75

Jan.

100

110

Mar. 21

Mar. 31
Mar. 23

10* Mar. 31

11

—

Jan.

17

Sale

—*

7

Jan.

53

..*

A Elec Cl A

Jan.

Mar. 11

*

.....

67,400 Gen Gas

5

30
9

1124 Jan.

8

64

Sale

100

5

18

10

Preferred (7)

2,419,250 General Electric......
108,400
Special
354,500 General Foods

234 Mar.

6224 Mar.

28
85
25

...

29

94

80
5
8

5% Sale

—*

100

734 Mar. 29

62

Sale

...—....5

69,800 General Baking Co.........5

4

6

Mar. 16
Jan.

21%

*

*

19,800 Gen American Investors
*
3,400
Preferred...........
100
126,300 Gen Amer Tank Car...._...*
38,500 General Asphalt

3

19

Mar.

Mar.

c

57

6124 Mar.

Mar.

3%
4%
4*
4724
1*

Mar.

Mar. 29
Mar.
5

8
4

27

30

J J

*

2,700 Gabriel Co (The) Class A...*
3,187 Gamewell Co (The)
•

Jan.
Jan.
Jan.
Jan.

55

% Sale

500 Food Machinery Corp......*

14,700 Gen Cigar Inc

4

42*
17*
3*
1*
924

20
25

51% Sale

Preferred 6%..........100
10,000 Follansbee Bros
.........*

310 Franklin Simon pref
93,400 Freeport Texas Co

134 Mar.

1

56

20

...*

Mar.

29

Jan.

Mar.

7
75

Mar.

134 Mar.
334 Mar.
334 Mar.

46

3

13*

73,500 Flak Rubber
*
7,490
First preferred
.....100
1,480
First preferred conv.... 100
2,300 Florshelm Shoe class A ....*

.....

75

Mar. 16
Mar.

7
89

'92"

1,185
Preferred..............100
29.600 Firestone Tire A Rubber...10
11,900
Preferred
100
56,200 First National Stores
*

7% conv preferred........*
2,700 Foundation Co
*
22,200 Fourth Nat'l Investors
..1
93,700 Fox Film "A"
»

Mar.

5% Mar.

78

22

66,200 Foster-Wheeler

Mar.

10

7

57

66

15

—100

Motor Truck....

Mar.

4
Jan.
36* Feb. 15
9 10734 Mar. 17
Jan.
Mar. 31 25
Feb. 16
Jan. 12 51
Feb. 23

27
25

20
63
20

Mining A Smelt..100

Preferred

1,200 Federal

51

25*
100*
1534
44*

6124
1824
7%
2%
10*

1% Mar.

Sale

3*
i!M
24
18*

12

...

Gardner Motor

5
48

Mar. 17
Mar.
9

Mar.

4

2
%
1% Sale
3% Sale
3% Sale
4
29%
1%

1%

....100

54

2%
10%

h*
rl*

Mar. 10

22

5934 Mar.
1734 Mar.

Sale

1

36

Mar.

1534 Mar.
4824 Mar.

Sale

6

4%

4%

*

18

6

2

100

105

59% Sale

2

Ss

—...—100

"33* Mar.'

8*

48

61*

100

Fairbanks Co

80
180

300 Federal

Sale

54
57

*

10,800 Equitable Office Bldg ......»
8,000 Eureka Vacuum Clean
•
2,500 Evans Auto Loading Co
5
1,545 '.xchange Buffet Corp......*
2,8001/alr (The) Co
•
770

31*

33
33
33*
106* 117
104% 110
21
24
15% Sale
51
53% 42

7,400 Endicott-Johnson
50
1,400
Preferred...
....100
3,600 Engineers Pub Service
1,300
Preferred
*
3,100
Preferred (5*%)

10

Mar.
Mar.

x54* Mar.
3

7
8

Mar.

Mar.

3

9

14
60

Feb.

5

Mar.

7

Mar. 10

4

Feb.
Mar.
Jan.

8

Mar.

Mar.

z50

Mar.

Jan.

2434 Mar.
6834 Mar.
2% Jan.

Jan.

1* Mar,

Mar.
Mar.
Mar.

14

Mar.

31

4* Jan.
42

Mar. 17
Mar.
9

16

Mar. 18

86

Jan.
Jan.

1* Mar.
16* Feb.
14* Jan.
16
Jan.

Mar.

* Mar.
10* Jan.

Mar.

Jan.
Feb.
Jan.
Feb.

7

Jan.

54

5* Jan.

Jan.

Mar.
Feb.

6* Jan.
19* Mar.

Jan.
Jan.

95

Feb.

3* Mar. 28
13* Mar. 30
10* Mar. 31

1824 Mar.

44

10* Mar. 31

61

18* Mar.

43

Mar. 31

9* Mar. 31
65* Mar. 1

424 Mar.
15

Mar.

8
5

9
Mar. 10

11* Mar.
65* Mar.

8
1

3* Mar. 28
12

Jan.

5

5* Jan.
17

Jan.

14
8

9
Mar. 10

Jan.

6

61

7* Jan.
50* Jan.

5

11

11* Mar.
65* Mar.

8

1

...

1

1%

*

1 *

* Mar. 29

I"~Maf."l4

* Mar. 29

1

Jan."II

n. y. stock

36
aggregate sales,

Price
Jan. 2

1932.

1.

Jan.

Shares.

Shares.

22,900
6,700
32,700
160

11,500
2,300

12~666
9,200
6,600
1,560
110

42,700
500

*
128,300 Graham-Paige Motors..
17,700 Granby Cons M S A P....100
*
68,600 Grand Sliver Stores
160 Grand (F A W) Stores pf_100
•
28,300 Grand Union
Preferred
*
7,300

6

50

Gulf States Steel.....

7%

1%

30

8.400

27,100

3,300

9,600

*

Sale

Sale

8,400 Hall Printing............

4,200

16

Preferred

10

1~666

300

1,700
800
40

420

8,500
7,900
600

2,300
9,400
5,900
11,700
3,200
31,900
23,600
7,200
29,000
15,200

*

...

25

7

♦

25

27

100

93

100

»

80

Sale

...»
•
*

»
100

79k
80k
194 Sale
10k
10*4
5k
8
12634* 130
2*4 Sale
56 k
57 %
17%
18
3*4 Sale

*

13

*

...

10 k

10

Preferred

100

10

82,100 Ingersoll-Rand

*

Preferred

Sale
4 % Sale

25

nl*
24

*

20

c,

Sale

Inland

Sale

Mar.

7

13

Mar. 30

Sale

Mar. 30

% Mar.

*4

%
3%

Mar.

8

20*4 Mar.
26% Mar.
1*1 Mar.
13*4 Mar.

31
29

20

20

20*4
27
26%
1% Sale
1434
13*4

7

Mar. 16

6

29
24

13

Mar.

70

Mar.

8
8

13*4 Mar. 30
1*4 Mar. 3
*4 Mar. 7
7
20

Mar. 12
Mar.
8

65

Steel

Insuranshares Corp (Del.).
New

30

3k
Sale

1

....

30%
92% 100*4

25

Sale

79

80% Sale
2

n!K
m

Sale
Sale
Sale

7

Sale

3%

Sale

1

1%
19
1%
Sale
34 %

34

23

22

73*4 Sale
% Sale

27

10

Feb.

Mar.

68

Mar.

65

Jan.

8*4 Mar. 31

11

Mar.

Mar.

4

Mar.

8

Mar.

1% Mar. 7
8*4 Mar. 15
1*4 Mar. 3

2%

3

6*4

78

Mar.

9

Mar. 10

8*4 Mar. 28

10" 156

100

31,000
1,800
11,300
16,900
4,600

54",800
3.500

40,800
118,100
3,700

Insuranshares Ctfs Inc

3k

*

*
4,400 Intercontinental Rubber
•
12,600 Interlake Iron
•
7,200 Internet Agriculture
Prior preferred
100
2,500
*
113,300 Int Business Machines

2,300
2,600
3,600

8,900 Internat Carriers Ltd

29,400
79,400
25,100
1,300
184,800
7,200
93,700
230,600

4

Sale

Sale

*

...

Internat Combus Eng
Preferred

k
4*4

•

Preferred certificates
Internat Harvester,
*
7% preferred
100
Internat Hydro-Elec Sys A..*
Internat Match pref
25

11,200 Internat Mercan Marine
:

•

*

'

/

aya
Sale
108

Feb. 19
Mar.
7

21

8*4 Mar. 31

70
15

Jan.
Jan.

1*4 Mar. 15
*4 Jan.
6
7% Feb. 18

10

1

300

5,800 Internat Paper & Power cl A *
Class B
•
2,600

Sale

12,400

10,900
6,400
22,500

580

Preferred

390

7%

100
200

1,700
10,200

70,906
240

6,070
7,200
66,500

182,800

140

270

"l",766
2.922,000
85,500

•

58

*
1

Sale

6,700 Jewel Tea Inc....
522,600 Johns-Manvllle

17
100

3,120 Jones k Laugh Steel pref. 1C0
460 Kansas City Lt 1st pf Ser B *
2,700 Karstadt (Rudolph)
*
19,400 Kay ser (J) A Co
25,500 Kaufman Dept Stores..112.50
400 Kelth-Albee Orpheum pf.100
*
126,800 Kelly-Springfield Tire
6% preferred..........100
1,160
Preferred H%
13,975
....100
32,600 Kelsey-Hayes Wheel..
...»
239,000 Kelvinator Co.
830 Kendall Co pref A_._.__

*

466,600 Kennecott

Copper .......1*
*
1,600 Kimb er ley-Clark
*
3,400 Kinney (G R)........
8% preferred...........100
10

7% preferred
100
330 Kresge Dept Stores......
*
30
8% preferred..
.....100
3,600 Kress (S H) A Co
.*
210

...

4,261,200 Krueger A Toll Co
217,700 Kroger Grocery A Bak

Mar.

6*4 Jan.

cum

preferred.

Sale

17*4
Sale

10*4 Sale
7*4
8*4
40*4
68
43
54*4
Sale

2

Mar.

iva
95

Mar.

83

Mar.

8

73*4 Mar.
*4 Mar.

Mar. 10

Mar. 15

Mar.

3*4 Mar.

5

10

2*4 Jan.
Mar.

53

8

Mar.
Mar.
Mar.
Mar.

Mar.

8

Mar.

7

Mar.

3

Mar.

5

16%
3*4
9*4
5*4
2*4

1*4 Mar.

5

3%
9%
5*4
2*4

Feb.
Jan.
Mar.

Feb.

27

23*4 Jan.

17*4 Mar.
2*4 Mar.

23*4 Mar.
3*4 Mar.

17*4 Mar. 26
2*4 Mar. 31

24

2

Mar.

7
7

26k Mar.

7*4 Mar. 10

4*4 Jan.

Jan.
Mar.
Mar.
Mar.
4*4 Jan.
90*4 Feb.

2*4
*4
2*4
*4

Mar.
Mar.
Mar.
Mar.

3*4 Mar. 17
% Mar. 7

5

Mar.

4

Mar.

3

1

Mar.

3

5

Mar. 31

2*4
*4
2*4
*4

19

Feb.

13

4k Jan.

14

8

Jan.

12

3*

Jan.

7
19
22
9
18
9
13
14
15
15
29
18
8
9

8

28

Jan.

30,

Jan.

Jan.

5

10 117
0
3
Mar.
5%
10*4 Mar. 29 18%
7
*4 Jan.
ih

117

Mar.

9

Mar.

4

Mar.

8

10*4 Mar.
*4 Mar.
10*4 Mar.

17

Mar.

4
3

17

Mar.

2

20

25

Mar.

8

20

Mar. 311

Mar. 10
Mar. 9
Mar. 3
Mar. 9

95

Mar. 24 108

1*4 Mar.

Mar.

95

101*4
11*4
21*4
3*4

Mar.

8*4 Mar.
3*4 Mar.
2*4 Mar.

474 Jan.
4*4 Jan.

Jan.

31

92*4 Mar.
3

12
8
11

1*4 Jan.
9
Jan.
2
1*4 Jan. 21
38*4 Mar. 7
39*4 Feb. 19

*4 Feb.

1*4 Jan.

26*4 Mar.

26

9

Mar.

16*4 Jan.
Ilk Jan.
5*4 Jan.

Mar.
Mar.

1*4 Mar. 10
38*4 Mar. 7
39*4 Mar. 9

134 Mar.

12

8
12
14
10*4 Mar. 10
7
130 k Jan.
Mar.
5
5
57 % Jan.
24*4 Mar. 8
5*4 Mar, 8

Feb.

Mar.

18

Jan.

1*4 Jan.
11*4 Jan.

Feb.

Mar. 29

Feb.
Mar.

83

5*4 Jan.
110

Mar.
Mar.

7*4 Sale
86

6
12

Mar.

Jan.
Jan.

Jan.

21

Jan.

15;
29!

Jan.

Feb.
Jan.

11*4 Mar.

8*4 Feb.
3*4 Mar.
2*4 Mar.

24 k Feb.
Jan.
4

1*4 Sale
*4
1
%
*4
6*4 Sale
434 Sale
36*4
39
17*4 Sale
36*4 Sale
20*4 Sale
49

Sale

6*4 Sale
4*4 Sale
40

Sale

3634 Sale
7
4*4
1*4

19

7

20

3*4 Mar.

ya

a

11% Sale
3%
3%
7% Sale
25k 29
10*4 Sale
15k ' 20
9

103

110

85
53
102

36

14*1 Sale

Mar.

2

Mar.

2

:24 k

8

Mar.

Mar. 10
Mar. 14

Mar.

3

Mar.

7

Jan.
Feb.

16
5

Mar. 30

Jan.

Mar. 10

Jan.

14
15

Mar.

37

7

15

10
2

17

¥

Mar. 16

44*4 Jan. 15
24*4 Mar. 10
65
Feb. 13

Feb.

11

48% Mar. 31
Mar. 29

5

3*4 Mar. 31
Mar. 31

3

36*4 Mar. 30
4*4 Jan. 23
5
■1*4 Jan.

Mar. 21

10*4 Mar. 31

Mar.

7

30

Jan.

4

3
1
5

15*4 Jan.
85

Mar. 31

102

12k Feb. 19
Jan.
9
Jan. 21
52 k Jan.
8
6k Mar. 16
2*4 Jan. 14
18
Jan. 14
11

55

4

Mar.

7
15
21
21
4

23 k Feb.

20*4 Mar.
90*4 Mar.
78*4 Mar.

Mar.
Mar.

9k Mar.
Mar.
10k Jan.
2% Jan.
lk Jan.
*4 Jan.
11
Jan.
8k Mar.

86

Mar. 31

Mar. 10

6*4 Mar. 16

Mar.

Sale

7

40

35

32

*8

Mar. 31

Mar. 10

Mar.

Sale
Sale
Sale

90*4 Sale

88

Sale

53
102

8

25

112

Sale
Sale
40

2*4 Sale
33*4

sv*

17*4 Sale
3*8 Sale
Sale

37

l!£
16

107

"34*4
7*4
16*4

Sale

Vs

*4

6*4
1*4 Sale
47

20

Sale

2*4 Sale

110

4*4
37
Sale
Sale

Sale
Sale
Sale

7

Mar.

9

Mar.

5

6

Mar.

9*4 Mar.

7

*

Mar. 26
Mar. 31

7

Jan.

4

Jan.

12

Jan.

4

Jan.

2

7

Mar.

9

20

16*4 Mar.
2*4 Mar.
7*4 Mar.

22*4 Mar.
3*4 Mar.
10*4 Mar.

8
1
7

30

35

Mar.

5

2*4 Mar.

1*4 Mar.

45

Mar.

Mar.

11*4 Mar.

Mar. 29

1

Mar.

Sale

10
14

Mar.
Mar.

13

Sale

105*4 Sale 105*4 Mar.
y\
3
34
2*4 Mar.
30*4
33K
Mar.
35*4 34
Sale
*4 Mar.
Sale
14*4 Mar.

110

Mar.

5

7

Mar.

6
6k Jan.
2*4 Mar. 18

25H
4!"
2!?J

Jan.
Jan.

15

38

Mar. 29

13

7

10

Mar. 31

Mar.

30

8*4 Mar.
18*4 Mar.

12

Jan.

Feb.
Jan.

14

13 110
19
5

Feb. 25
15
Jan.
Mar. 28

12k Jan.

Mar.
Jan.

Jan.

14
2

Mar.

19*4 Jan.

Mar.

30

Feb.

Mar.

6

16*4 Mar.

101k Feb.

Mar.

y» Feb.

26k Jan.

Mar. 24
3
Feb.

35

84

4

1

1*4 Mar.

P

Jan.

7

16k Feb.

18

Feb.

Mar. 31 113k Jan.
lk Jan.
Feb. 10
9*4 Feb.

5
1

34

Feb.

35

% Mar. 26

20

7

14

53

*4 Mar. 26

*4 Mar.

Sale

ily>
¥ i\

19

Sale

102

35

37

370*

15*4 Mar.

*4
Sale

20

Sale

40

27

8

lip

16

2*4

1

2

Mar.

Mar.
Mar.
Mar.
Mar.

32

12

Sale

7

Mar.

36*4
5*4
1*4
10*4

35

3

•1*4
15%

Mar.

Mar.

Sale

v

ill%
gg 8*

Sale

Mar. 18

40

Sale

84k
113k

40

10

105

20

Sale

25

Feb.

23*4
39*4
24*4
x53*4
11*4
9*4
40*

Mar.

1*

33

tH
5k
12

Feb.

7

1

Mar.
Mar
Mar.
Mar.
Mar.

85

31

95k 100
81
L12

79

4

8*
s¥a

Mar.

5

7

2

Mar.

4*4
36*4
17*4
36*4
16*4
48%

7

Mar.

8*4

Mar.
Mar.
Mar.
Mar.

6

7*4

5

Mar.

86

Mar.

7*4
1*4
*4
*4

Jan.

9% Mar.

7*4 Mar.
83

90

a*

15*4 Sale

Sale

5*4 Sale
*

5

33
37

Jan.

Jan.
Mar.
Mar.

k

Feb.
Jan.

9k Jan.
18*4 Mar.

13
19
22
5
23
6
19
7
9
7
9
8
14
19
23
14
9
22
23
14
7
8
24
21
26
8

100

8,300 Lee Rubber A Tire.........*




1*4 Jan. 12
2 78
Mar. 9
Mar. 10
12 130
5
8*4 Jan. 15

Mar.

Mar.

12

Mar. 24

70

124*4 Jan.

72

Mar.

8

15

....._

........100
Preferred
...........100
*
192,300 Lambert Co
400 Lane Bryant.....

No par value.

Jan.

88

10

7

20*4 Sale
99
99*4
8*4 Sale
4*4 Sale
2*4 Sale

1*4 Jan.

Mar. 15
Mar.
9

85

30k

...

36*4
20*4

5k

1

........

8
6

5

32

16

10k
57%

*
100

282,850 Kresge (S S) Co

7*4

50

5,400 Island Creek Coal

Preferred

Sale
82%
8*4 Sale
2*4
1*4

8
79

19*4
Sale

♦

Sale

7%

4

3

52

....100

Laclede Gas

~4,400

6k

a

Sale

100

preferred

Kuppenheimer A Co.

103,900

7k

Pref without warrants. .100

715

18*

38

360

360

56,300

1734
16*4
2354 Sale
95*4 100

20*4

.........

"1mb

Sale

Sale

1,800 Intertype Corp
9.600 Investors Equity........

220

12

Sale

Preferred

550

Sale

Sale

120

230

Sale

1

*

Preferred

1,170

Sale

11

100

1,037,562 Internat Tel & Tel
12,250 Interstate Dept Stores.

140

2,200
86,600

Sale

*

......100

22,600 International Salt
72,400 International Shoe..
32,000 International Silver

20

1,100
2,000
2,300

...........

11,400
.......100
3.5C0 Internat Printing Ink
*

270

488,912
7,850

Class C

85

Preferred

220

Sale

3

Mar.

4

14
6

.•

Sale

,

96

Sale

Sale

4

Sale

ivaSale
1%

Sale

Sale

1,000
1,900
2,200
1,000

4%

9

Internat Nickel of Canada..*
Preferred
100

3,800

Sale

102

18

•

2% Sale
34
m
2% Sale
%
1

7

12
30

Mar.

6*4 Mar. 30

5

Sale

990 Internat Paper pref 7%..100

658,300

4%

Sale

150

241,500
1,100

.4"

5%
%

ik
6
Sale

*

Internet Cement

2%

16

11*4 Jan.

88

Mar. 11
Mar.
5

14

Jan.

19

20

72
Mar.
73*4 Mar.
% Mar.

8

12
2

7

Rights

"I~656

27k Jan.
2k Jan.

19

10

7%

Jan.

Mar. 24

*4 Mar.

1H

Mar.

23

9

1
a

20

6
27

Mar.

Sale
Sale
Sale
Sale

Sale

16

8

Mar.

19

26*4 Sale
90 %
17*4 Sale
2% Sale

Jan.

Feb.

20

19

26

Feb.

5

8

1*4 Mar. 29
13*4 Mar. 24

130

81k Jan.

2

1
3

Mar.
Mar.

3% Mar. 22
9*4 Mar. 4
Mar. 7
13*4 Feb. 23
30*1 Mar. 8
13*4 Jan. 14
6*1 Jan. 8

35k

7

1*4 Mar.
15*4 Mar.

Mar.

22

Jan.

7
11
12

25

30

Mar.

12
14

3

Jan.
Jan.

9

7
3
1

Mar.

4*4 Jan.
7*4 Jan.

19

Mar.

9

53

*4

Mar.

20*4 Feb.

6*4 Mar.

Sale

1*4

20

Mar.

10

11

Mar.

10*4 Mar.

55

3

It

5*4 Feb.

30

116

3*4 Sale
19*4
3%
x9%
5*4

Mar. 30

31
21
24
5
5
1

*4 Mar. 30

Mar.
7
Mar. 16

Sale

54

12

9

Sale

6%
126

120

19*4 Sale
3% Sale
10%
10%

10%
1*4
33%

88

10

11

10

24
90
Sale

73

30
28
14
Mar. 7

Mar.
Mai.
Mar.
Jan.
Jan.
Feb.
Mar.
Mar.
Mar.

Mar. 24

3%
1%
9
1%
Sale

22

Mar. 31

2

9

65

8*4 Sale

Sale Price*

4*4
*4
1*4
6*4
23M
12*4
24*4
10*4
4*4
66*4

20*4 Mar. 10

8

50
67

Highest.

Prices.

30

Sale

30

105

3

14", 050

"4"200

Sale

100

14,700 Inspiration Cons Copper..20

4,300

1k

31k Sale

.100

l6"506

"2"206

Sale

lk

Motocycle..

14,700 Indian Refining
105,900 Industrial Rayon Corp

52,400
28,400

5*4 Mar.

1*4
3%
134 Sale
7*4
5%
10
1
*4
1%
70
70*4 75
129*4
135
129 k 128
8*4
6*4
8
8%

*

Motors

....

500

30*4 Mar.

1

9

3*4 Mar. 22
9*4 Mar. 4
35*4 Mar. 7

Mar. 14

50
68

126

28,400 Howe Sound
102,000 Hudson Motor Car
74,100 Hupp Motor Car Corp

io'ooo

10%
,10

2

24*4 Mar. 30
1034 Mar. 28

Sale

27
Sale

8

Mar. 15
Mar.
7

7

Sale

Sale

100

...

_

Indian

Mar. 28

1*4
1*4
7%
1*4
70%

*

77,256lHou8ton Oil of Texas
100
74,466
Voting trust certificates.25

6,900

Mar. 31

11

20

30,600|HoudaUle-Hershey cl B
*
7,766.Household Finance part pf 50

1,800

7

3*4 Mar.

18

12

5

17

30

...»

3,600 Hercules Powder
1,210
Preferred
17,806 Hershey Chocolate
16,700
Preferred
1,100 Hoe (R) & Co class A._
7,066 Holland Furnace
17,300 Hollander (A) A Son
15,900 HomestaIce Mining

1,400

%

Lowest.
Sale

Prices

.......100

7% preferred

2,000 Hercules

600

Mar. 31

2

4% Mar. 31
% Mar. 21
1*4 Mar. 24

66

Hartman Corp class A

300

Sale"
.....

20 %
1%

Sale

Prices.

29

6

15

Sale

8

25

6

*

Class B__
9,700
2,190 Hawaiian Pineapple.
5,600 fayes Body
2,000 Helme (G W)_._

3,700

3

32
Sale

4%
67%

6

20

10

.....100

Preferred..

"

""400

11

*

2,200 Hanna preferred
8,900 Harbison Walker Ref

400

13
5

10

20 Hamilton Watch

2,000

25

Sale

..100

Preferred..

29*4
13*4

28%

12%
4%
58%
13%
1%
%
3%
7
30
22 %

32

69

Sale
Sale

7

18

25

Hahn Department Stores

2^

27 %

....25

Preferred A

390

2% Sale
4% Sale

30*

..100

2,400 Rackensack Water

1,000

Sale

28

*

1st preferred

a*
Sale

"m

Preferred..............100

"4",200

Sale

3

700 Granite City Steel
*
•
35,600 Grant (W T)
28,800 Great Northern Ir ore prop. *
23,900 Great West Sug
Preferred
..100
3,020
140 Greene Cananea Copper.. 100
....*
120,900 Grlgshy-Grunow Co
600 Guantanamo Sugar.....
*

50

Ask

/la*. bid.

Highest.

Lowest.

March 31.

March 1.

aid.

Par.

"loo

ranoe since jan. 1.

prices in march.

STOCKS
N. 7. STOCK EXCHANGE

Since

In

March.

exchange-stock:

100

160

85

44*4 Sale
4

2

V

2*4

150
89

89

"49*4 Sale

2

5

Sale

75
.....

150

79

42% Sale
4

2

5
Sale

3k Jan.

42
2

Mar. 28
Mar.

1

54*4 Mar.

7

Mar.

1

2

28

56 k Jan.
3 k JaDU

Jan.

5

2*4 Jan.

42
2

Mar. 28

14
28
8

N. Y. STOCK

PRICES

AGGREGATE SALES.
In

Jan. 2

Jan. 1.

Shares.

700

28,500

47,800

T, 666

14,100

1,500
100

•

18,000
25,000
5,700
4,600
500

6,700
48,400
2,500
1,900
13,700

75,000

i

Lehigh Portland

100

Lehigh Valley

Coal........-*

2

Preferred

11

5%

9

—*

Lehman Corn (The)
I.eh

40%

42

160

298.500
4,600
90

"B"................——25
*

Lily Tulip Cup Corp..

Loews

Loft

7,500
4,400
1,000
3,200

""150
250

20,500
9,800

85,700
23,000
10,800
3,400
160

1,400
237

29,500
45,200
2,600
5,300
300
10

250
100
100

*

100
800

26,089
8,500
2,600
7,000
200

12,800
130
7,200

.

*

1,100
2,500
200

3,400
4,300

100
100
..—25
—....—*

2% Sale
1%
2%
30% Sale
115% 116 %
75
83%
13 % Sale
1
1%
16

..100

0%% preferred

0% preferred
100
21,900'McGraw Hill Pub Co
*
15,700'Mclntyre Porcupine Mines..5
245,700!McKeesport Tin Plate....—•
41,300,McKe88on & Bobbins—
*
13,200
Preferred
50
13,100,McLelIaii Stores class A
•
530
Preferred..
100

8

14%

2,000 MacAndrewa & Forbes Co—♦
100

—*
75,100 Mack Truck Inc
.*
105,700 Mficy
•
13,200 Madison Square Garden
——
9,200 Magma Copper
2,700 Mallinson (H R) Co
10
7% preferred
-.——109
..100
2,460 Manati Sugar.....
470
7% preferred...
100

1,700 Manhattan Shirt
•
2,100 Maracaibo Oil Explor
10
89,848 Marine Midland
*
13,800 Marlin-Rockwell
11,500 Harmon Motor Car......—.*
*
34,900 Marshall Field & Co
....

400 Martin Parry Corp

600

Mathleson Alkali'Works

»st

*

lY* Sale
aW

8

5%
%

5

6,600 Mosta Machine Co

30

30 Mexican Petroleum......-100

65

85

tlOO

preferred

10

800

7,400
19,900
320,400
200

4,200
3,600
4,400
4,500

3,600

450;
500

61,900;
300

74,500
1,700
290

50,000
1,900
65,600

14% Sale

~18~~
17

35,900

1,100 Morrell (J) A Co....
8,600 Mother Load Coalition
21,600 Moto Meter Gauge A Equip
10,800 Motor

16,700

*

Products

55
3
6

7*

*
191,000 Nash Motors Co
6,900 National Acme..———.—10
580 Nat Air Transport
*
279,900 National Bellas Hess—*
7% preferred
100
2,600

218,700
2,400

760

27,100

67,500
2,000

National Biscuit

10

7% preferred
Nat Cash

100
*

Register A

Nat Dairy Prod

Corp —...—*
National Dept Stores......_*
7%

1st

preferred.......100

Nat Distillers Prod...

$2 50

pref
1,700 Nat Enamel A Stamp
4,600 National Lead.....

*

2,500
1,040

2,310

Preferred

150

430

Preferred

78,900

209,300

..100
..100

A....

..100

B

Nat Power A Light.....

*

80

d"
Sale

4

Sale

8%

Sale

50

Sale

Sale
10

8
22

7%
29%
%
%
21

Sale
Sale
Sale
1

%
1H

6
5%
% Sale
zl0% Sale
Sale

8

17

Mar.

1

22

Mar.

8

Jan.

6

22

Mar.

8

26

Mar. 31

34

Mar.

5

J an.

5

34

Mar.

70% Mar. 11

Jan.

6

72

Feb.

68% Mar. 26

2
1

3

9%

40% Sale
123

130

8%
23%
%
8

17

Sale
Sale
1

Sale

18%

Jk*

82
113
100

10
90
130
116

13% Sale

Mar
Mar

19

19

Mar

17% Mar

17
28

20

Jan.

4

Jan.
Jan.

7

16% Mar. 10
1% Mar. 8

Feb.

3

18

Mar. 31
5

1

■;

1% Jan.
6% Jan.

Sale

5

20

4

21

Jan.

4

27

Mar.

2

15

J an.

Mar.

1

51

Mar. 21

50

Mar.

7% Mar. 2
16% Mar. 16
59% Mar. 7

43

1

3

Mar. 22

8% Mar. 23
2% Mar. 2

3
48

30

Mar.

13

Mar. 29

Sale

60

Mar. 11

1

4% Mar.
22

Mar.

4

Mar.

5% Mar. 29
5
14% Jan.
5
Mar. 22

Jan.

8% Mar. 23
6
2% Jan.
5
28% Jan.

1

5

36

1

Mar. 14

14% Mar.
61% Mar. 111

Mar. 29
6

13

60

Jan.

9

8
21
Mar.
3
Jan.
14
Mar.

Jan.

5

Jan.

15

3

9

Jan.

23%

17

2

5% Mar. 29
14% Mar. 30
43% Mar. 31

17
5
8

Mar.

93

19

Mar.
Mar.

20

29

Feb.

Jan.

12

12

Mar.
Mar.
Mar.
Mar.
Mar.

Mar.

13

*60

16%
1%
16%
23%
4%

50

Sale

2%
30%

5

15

Sale

44%

9

k

4

15

6

m

1
4

16
31
14

14

Mar. 31

10%

Sale

10

Sale
Sale
Sale
1%

18%
36% Mar. 28 57%
3%
2% Mar. 24|
1
6
Mar.
7%
%
%'Mar. 28
1
9%
9% Mar.
2
% Mar.
%
9
% Mar.
%
2% Mar. 26
2%
7
5% Mar.
5%
1
1
% Mar.
10% Mar. 29 11%
9% Mar. 26 11%
1%
% Mar. 29
6% Mar. 28
8%
%
,% Mar. 23

Sale

Mar. 4
Mar. 8
Mar. 9
Mar. 7
Mar. 21
Mar. 1
Mar. 4
Mar. 9
Mar. 26
Mar. 7

15

14% Sale
Sale

3%

3%

6%

1%
6%

5%

_%

■

,%

Sale
Sale

15

2%

15% Feb.

4

14
18
7
7% Jan.
16% Mar. 16
62% Feb. 19
5% Feb. 15
Feb. 13
23
Mar.
5
4
Mar. 14
36
15% Feb. 17
19

Jan.

62

Feb.

62% Jan.

2

3r< ziy>

15

13

2%
30
Sale
21

19%

60
98

6

%

9%
9%
%
6%
%

5%

Sale

7%

Sale

45

48

1

Jan.

2

Jan.

3

Jan.

11
25
5

Jan.

15

7

,■

Mar. 14

12%
11%
2

14
Mar.
8
Jan.

Jan.

20% Mar. 10

16

Jan.

20

Jan.
Jan.

Mar.

1

2

Jan.

3

Jan.

Mar.

8

Mar. 24

15% Mar. 17
2% Mar. 3

Mar. 19

!H
m
3

11% Mar
17% Mar

28
22

14% Mar.

3

21

7

Mar.

60

Mar. 15

40

50

Mar, 28

7
8

Mar.

1

51% Mar.

9

8% Jan.
35% Jan.

Mar.
Mar.

18

Mar.

Jan.
Jan.

38

Jan.

19% Jan.
22% Jan.

Mar.

100

Mar.
Mar.

Mar.

Jan.

60

Mar. 12

Mar, 15 60
Mar, 12 100
2% Mar, 30
3%
5% Mar, 21
6%
8
3% Mar, 31

105

11% Mar.
17% Mar.

100

9

13% Jan. 14
% Mar. 23

13% Jan.
99% Mar.

30

2% Sale
5% Sale
3% Sale
39

1% Jan. 18
1
9% Mar.

5

Mar. 24

4

60% Jan. 14
9
3% Mar.
8% Jan. 14

Mar.

2

99%
115

Jan.
Mar.
Mar.
Feb.
Mar.
Jan.
Mar.
Jan.
Mar.
Mar.
Mar.
Feb.

Mar. 14

12% Mar. 30

2%
35%
12% Sale
17%
20

115
Sale

Mar.

%
9%
%
%
2%
4%

Mar.

Mar. 24

34

Sale

2

121

6

lsy*

2% Mar. 14
4
5% Mar.

Sale

45

12% Jan. J
36% Mar. 28
8
2% Jan.

Mar. 5
Mar. 8
Mar. 2
Mar. 3
Mar. 23

16

60

Feb.

100

13
13
14
13
7
9
8
29
9
14

Mar. 15
Feb.

10

4% Jan. 13
8
6% Mar.

2% Mar.
5% Mar.
3% Mar.

10

Jan.

14

9

40

Mar.

51% Mar.

17%
1%
7%
7%
20%
6%

Mar. 31
Jan.
2
Jan.
5
Mar. 23
Jan.
7
Jan.
4

23% Jan.
2H Jan.

18
18

Jan.

25

Jan.

20

80

19%
1%

20%
2
9%

8

Sale
Sale

24

9%

Sale

34

38

ft Sal!*
Sale
5%

17% Mar. 31
1% Mar. 18
8
Mar. 31
7% Mar. 23
23% Mar. 31
7% Mar. 31
35
Mar. 24
% Mar. 2
% Mar. 11
20% Mar. 28
4
Mar. 21

17% Sale
1%
1%
8

7%
23%
7%
30
%
%

Sale

8
Sale
Sale
35%
Sale
Sale

21

Sale

4

Sale

8% Sale
24

9%
16%
19%
17% Sale
3
3%

6%

Mar

Mar. 31 20% Mar. 10
99% Mar. 31 100% Mar. 26

Sale

Sale

Mar

Feb.

110

3 112% Mar.
4
93% Mar.

5
19

Mar. 12

2

29

73% Jan.

Mar.

Sale

14

3

5%

Mar

2% Jan.

1% Jan.
29% Jan.

4% Mar. 12
36

Sale

10%
21%

22

Mar

4

17%
15
18%
59% Sale

i%

Mar

29

16

Sale

17% Sale

3% Mar. 31
31% Mar

99%

17HSale

60

8
9

17%
16%
99% 120

%

100
3

7
7

Mar.

1%

Sale

"11"

Mar.
Mar.

%
6%
%

1H

1%
8

8% Sale
23%

16

im
14

3

23%
5%

11%
6%

4

21

%
9%
%

23%
5%

20

Jan.

4

%
6%
%
%

9

21

Jan.

8

22

6

80

1%
7%

Mar.

6 118% Mar.
Mar.
5

Jan.

\V*
Sale
a

10

Jan.

Jan.

Sale

9P

10

Mar. 23

Mar.

9

37

%

Feb.

Mar.

8

15% Sale
53% Sale
4
3%
6

14

Mar.

I

liX

40

cum

60%

Jan.

16% Jan.

4

8

9
7
20

Jan.

Mar.

8
7

Mar.

18

15

sly<

115

5%

Motor Wheel..———

21,400 Mullins Mfg Corp
Preferred
*
1,950
2,700 Muusingwear .———.*
154,100 Murray Corp...............*i
—.*
800 Myers (F E) A Bros...

150

200

Wks—*

Monsanto Chemical

1,019,300 Montgomery Ward & Co.....*

Sale

14

17%

20

20

Preferred.
——*
1,600
33.400 Mobawk Carpet Mills
*

3

•2%
30

45

55% 121

*
4,400 Minn-Honeywell Reg Co
19,000 Minn Moline Pow Implem..*

134,900
645,630
1,600

800

Sale

17
2

80

—

Sale

1%

103% 105

44

400
72,200
251,100
1,200
,

11
Sale

%

11,350 Miami Copper..
.6
49,900 Mid-Continent Petroleum..*
*
31,300 Midland Steel Products
First preferred
100
3,100
...

4% Sale
22

2%

1% Sale
11

Milwaukee El Ry A Lt pf._100

900

9%

4%
%
1
10% Sale

100

Preferred

15%

Jan.

46% Mar.
24% Mar.

Mar.

Sale

,

*

7,360 Mengel Co

Sale
Sale

%

15%
2%

3,700 Metro-Goldwyn Pict pref..27

2,800

"

3!*

1,700

5,350
19,300
11,800
1,700

Sale

*

pre;

11,100 Melville Shoe Corp

8%

'

..'

350
7% preferred...........100
25
27,770 May Dept Stores....
•
4,400 Maytag Co (The)
Pref with warrants
•
4,500

6%
14%
57

Mar. 28

3*

6

14

2

53

...

*
.——25

Sale

14% Sale

...

Bros

50

4% Sale
16%
18
2
2%
10%
28%
14%
15
62%
80

....

Sale

20

16

Jan.

Mar.

AH

15

Sale

Feb.

7

Mar.

111
118
112
110% 112
89
85
93%
86% 100
14% Sale
14%
14% Sale
1
1% Sale
24
24
16
14
Sale
19
19
21
22%

70
20

47

Mar. 21

28
12

21

3% Sale
1%
*4
33% Sale

19

55

*

5

46%
24%
6% Mar. 21
7%
9% Mar. 23 12%
118
Mar.
4 118%
50% Mar. 28 59%
50% Mar. 28 61%

69

65%

iiH 20% i*ft
20
\iH 22 II*

25

Sale

2

Jan.

38% Mar. 31

Sale

\H

Jan.

i Mar. 31

Mar. 17

26

a

Mar. 29

7

Mar. 19

Sale

3% Sale

Jan.

7

12

18

34% Sale

Mar. 24

Mar.

Mar.

18

Sale

70

:

68

19

18

10%

18%

12
18
15
16

*

Preferred

20

20% Sale
4% Sale

540

80

"2"406

25

Blsc

200 McCrory Stores
Class B
540

26.000

120
51% Sale
53

Mar. 21

Highest.
Sale Prices.

Prices.

Sale Prices.
6% Mar. 3

20

12
Sale

65

Incorporated

600 Mandel

118

5

^

*
19,800 Louisville Gas & Elec A
22,200 Ludlum Steel...—.———*
Preferred
6,200
13,400 McCall Corp..........——*

287

Sale

31%

Carbonic

Incorporated

Preferred...

Loose-Wiles

w*

20

6

Sale

17

_.......*

Link Belt Co

Liquid

HS*

53%
55% Sale
18%
17%
13
12%

25

1st preferred
290
3,700 Lorliiard (P) pref
Common
582,100
6,000 Louisiana Oil

640

118

Liggett A Myers Tob pref.100

100 Long Bell Lumber A—

1,000

12%

..

V'

Sale

6% Sale
9% Sale

7

Libby Owens Glass.......,-*
Lima Locomotive Works
Common

Sale

21

...——*

A Fink

2%

50

.....

4% Mar. 24
62% Mar. 29
1% Mar. 31

Sale

Lowest.

Highest.

Sale Price.

Sale

70

68

Lowest.

Ask.

6%

5%

Cem«nt.-50

Preferred

March 31.

Ask. Bid.

Bid

Par

7,600
1,130
6,100
2,100
55,450
39,000
22,100
17,400
1,500
17,300
146,800
4,700
4,180
26,800
282,000
5,500

430

March 1.

1932.

Shares.

4,600

RANGE SINCE JAN. 1.

IN MARCH.

Price

N. Y. STOCK EXCHANGE

Since

March.

STOCKS

37

EXCHANGE-STOCKS

16
Sale

19

8%
21%
14%
7%
15%
14%

20

14%
7%
15%
14%
2%
6%

20

Mar.
Mar.
Mar.
Mar.
Mar.
Mar.

29
14
2

31
31
22
2
3
Mar.
8
6
Mar.
% Mar. 17
1
Mar. 18
37% Mar. 31

Sale
Sale

21% Mar. 15
Mar.

2

Mar.

10

I*

3

30% Mar. 8
11% Mar.
5
35% Mar. 12
% Mar. 4
% Mar. 3
26% Mar. 2
5% Mar. 3

4

Mar. 21

19

8

Mar.

2

18

Mar.

3

Mar.

5

10% Jan.
5% Jan.
15% Mar.
14% Mar.
2% Jan,
5% Jan.
% Mar.

Mar. 30
Mar. 26
Mar. 26

Mar.

7

Mar. 11

1

Feb.

Mar.

7
8

21

Mar.

1

Mar.

3

9
2

14

13

Jan.
Feb.

25
13
14

lH

J an.

Feb.
Jan.

14% Mar.

31%

30

2

Feb.

130

3

13

19% Jan.
3% Jan.
7% Jan.

Jan.

3

5

5
4

Jan.

46% Mar.

Mar.

4

Jan.

6% Jan.

19

Mar.

Mar.

Mar.

Jan.

9% Mar.

Mar.-

14

21
5
17
7

13

7
8

Feb.

% Mar.
3% Feb.
17% Jan.

Mar. 28

8

Mar. 12

26% Mar.

15

37% Jan.
125% Jan.
7% Jan.

Mar.

i«

Mar.
Mar.

13%

4

Mar.

Mar. 11

10%
30%
11%
35%

27

7% Jan.

7

Mar.

•

8

19

Jan.

2

24% Mar. 3
32% Feb. 26

Mar.

8

Jan.

92

Jan.

82% Mar.

Jan.

21
8

Mar. 11

113

Jan.

125

Mar. 11

Mar. 29 101% Mar. 14
11% Mar. 31 16% Mar. 8

100

Jan.

105

Jan.

121

130

116

Sale

116

101

116

100

Sale

Mar. 31 125

100

12

101
Sale

Sale

2
% Mar. 11
20% Mar. 28
% Jan.

Mar.

il*

14

6

29% Jan.

12%
24%
14%
9%

18%
3%
3%
Sale
6
7%
Sale
%
3%
9% "i% "2%
44
Sale
46%
37% Sale
127
Mar. 10 127%
126
136
136
126
9% Mar. 2 14%
9% Sale
10% Sale
Sale
26
Mar. 31
Sale
28
26
31%
1
1
Sale
% Mar. 10
%
4
Mar. 23
5
5
4%
4%
18% Mar. 30 24%
20%
22% Sale
32
30
Mar. 11
28
29
32
26%
6
5% Mar. 28
8%
5%
8%
83
82% Mar. 31 92
90% 82% Sale
Sale

9

9% Mar. 11

_

13

16% Mar.

11% Mar.

8

23% Jan.
9% Mar.

4

NatlonalRadlator——.—_.*

18,300
2,400

42,700

190

670

6,800
6,700

29,300
16,300
5,500
98,000

4,000

38,600

National

6,200 National

Steel...—.———*

Tea

Co..

Neisner Bros
Nevada Cons

....

...

Cop

.......

Newport Co (The)
Class A

7;800
1,200
1,600
100

...

1,200

Air

Brake

New York Dock.......

5% preferred

"5", 200
2,900
300
360

420

14~806

N Y

28,200

N V

Investors Inc..

Shipbulloing—
990
7% preferred
850 New York Steam pref 6%
940
7% 1st preferred

115,000'

188,000 Noranda Mines Ltd

284,806
18,000
20,900

960.827

•

12

Sale

*

7

Sale

*

3)
55

Sale

*

21,600
94,100

North

American

6% preferred
North American Avaitlon

No par value.




8
Sale

5

*

22%
7%

22%
9

19%

27

30

23

12%
13
8% Sale
3

4

4% Sale

7

10%

23% Mar.
9% Mar.

7
4

19% Mar. 28

34

Mar.

5

22

Jan.
Feb.

10% Mar. 28

15

Mar.

9

Mar. 29

10

Mar.

8

10%
6%
1%
3%

Mar. 28
Jan.
5
Mar. 22
Mar. 31

19% Mar. 28
7% Mar. 29
Mar. 30

8%
30

25

Sale

7

Sale

7

2%
3%

4
Sale

1% Mar. 22
3% Mar. 31

5% Mar. 4
4% Mar. 18

Sale

2
2% Mar.
2% Mar. 30

2% Mar.

7

4

2

6

4

10

34

Mar.

17% Jan.
10

Mar.

5% Jan.
6% Jan.

8
5

14
8
14
14

50

16,200 Newport Industries Inc.—.1
3,900 Newton Steel
2,600 New York

Sale

6

26

50

National Surety
National

21

50
100

Supply

Preferred..

2

2%

100

100
*

*j

!y'
8

*

1?5*
1%
3%

Sale

45
Sale

Ay

100

46

49

»

84

93

*

101

112

*

12% Sale

*

33
46

50
»

3%

2%
3%
7

6%
20

3%

7

12
45
Sale

T

Mar.

1

6% Mar. 26

60

Sale

1% Mar. 24
3% Mar. 26
49% Mar. 24

Sale

Sale

92

110

Sale

14

Sale

Sale

14

If*

Sale

Sale

Sale

Sale

3% Sale

Sale

30
Mar. 31
42% Mar. 31
2% Mar. 31

1%

5fH
illH

Sale

Sale

Sale

I*
Sale

5%

Sale
Sale

Mar. 31

100% Mar. 30
Mar.

1

Mar.

7% Mar. 5
6% Mar. 26

2

Jan.

6

2% Mar. 30
Feb.

11

6% Feb.

2

6

7
2% Mar.
4% Jan. 18
8

Feb.

7% Jan.

Mar.

a

2

Mar.

97%
109%
17%
39%
47%

3
2

49

Jan.

57

Mar.

2

Mar. 26

90

Jan.

98

Feb.

5

Mar. 14
Mar. 15

1% Jan.
3% Mar.

100% Mar
12% Jan.

.

Jan.

2

Mar.

2

2

26

6% Feb. 29

109% Mar. 14
17% Mar. 15

Mar.

3

29

Jan.

40

Mar.

3

41

Jan.

Mar.

1

47% Mar.
4% Feb.

2% Mar.

14

Feb.

19

3
1

38

N. Y. STOCK

AGGREGATE SALES
Since

March.

Shares.

4,000
900

1932.
Far

7.000 North
2,440 North

Amer Edison pref..

German Lloyd w I..

Telegraph. .50

720 Northwestern

380

4,100

5,700

10

40

RANGE SINCE JAN. 1.

Price
Jan. 1

Jan. 1.

Shares.

IN MARCH.

PRICES

STOCKS
H. Y. STOCK EXCHANGE

In

EXCHANGE-STOCKS

Bid.
81
5
23

Norwalk Tire & Rubber.. .10

100

Preferred

%
15

March 1.

Ask.
82

Bid.

Sale Prices.

82

78

79% Mar. 29
4X Mar. 31

80%
6%

Sale

25

Sale

1
22%

17

1

1%
26

4 % Sale
21%
27
1% Sale
14 %
17

Sale

Mar.

1

IX Mar.

Mar. 28

17

Prices

83X Mar. 12
6X Mar. 1

3

25

Lowest.

Highest

Ask

26

5%

Lowest.

March 31.

Ask. Bid.

28

Mar.

4

IX Mar. 10
17

Mar. 28

Highest.

Sale Prices.
79
Jan.
5

4% Mar. 31
Jan.
6
% Feb.
9
16% Jan.
9

25

Sale Prices-

86% Jan.
8

28

Jan.
Jan.

18
21
29

1% Mar. 10
8

18% Feb.

Nunoally Co

1761284
3,300
900

310",684

Ohio on Co (The)
14,800 Oliver Farm Equip
Preferred A
5,800

27,500
500

900

570

49,100

Preferred

6,600
1,170

24,700
2,605

10

20,919
7,900
560

2,880

100

6% preferred

61C

5,600

*

A

2,000 Oppenhelm Collins 8c Co...
1,980 Orpheum Circuit Inc PreflOO
♦
99,300 Otis Elevator

380

110

3%

Omnibus Corp v t c_.

38,800

600

5% Sale

100

Otis Steel

'*

Prior preferred
320 Outlet Co
Preferred....
320

9%

*

10)1

Preferred..............100

39

Packard Motor Car.....
5P
300 Pan-Amer Pet 8c Trana
Class B stock...........50

16

25

16

25

600

4,600
2,300

260

610

5,900
6,200
3,200
2,100
15,000
45,200
1,400

Panhand

'""190
31,500

Prod

8c Ret

24,100
49,400

125
Sale

Sale

Sale

5
8

7
Sale

8

Sale
40

1

Mar.

7

Mar.

9

Mar.

9

Mar.
Mar.
Mar.
Mar.

Mar.

3

Mar.

3

Mar.

Mar. 19

Mar.

4

Mar.

3

31X Mar.
37X Mar.
7X Mar.

7% Sale

Mar.

21% Mar.

z31H Sale
37% Sale

36% Mar.

19

94

Mar.

106

Mar.

5109
4

30

3X Mar.
17X Mar.
17

Sale
125
Sale

Sale
5

5
Sale

Mar.

Mar.

Sale

1

Mar.

1

Mar.

*

Sale

Sale

10,
*

*

Preferred
100
Penn Coal 8c Coke........50

4,800
Penn-Dlxie
5,900

__1U0

91

5

18

23 X

95

95

Sale

Sale

800

L 8r. Coke... 100

1,900
Pet Milk
83,000
Petroleum Corp
88,200
Phelps Dodge
3,400

11

UX
4% Sale

_•

Sale

11
4

600
100

6,000

72,700
10

25

6

900 Philadelphia Co pref 6%..50
Preferred (6) new..
*

161000

37

38

35

1,700
300

200
100

65%

72

57

5% non-cum pref
10
Philadelphia Reading C 8c I.*
.1,700
*j
200 Phillips Jones Corp
Preferred..

4,800
1,100

600

800

2,500

700

970

110

310

3,500
2,700
3,300
40,644
69,400

1,200
2,900
71,300
830

2,800
300
300

63,700
400

3,100
3,900

"""800
45,200

2,500

22400
710

Pierce-Arrow Mot C pref.,100
Class A
♦

Pittsburgh Screw 8c Bolt
Pittsburgh Steel pref

93,200

361800

X
5%
X
21X

30

6%

3%
22 X
1

100

11

25

2%

3X
26
1%
12 %
Sale

35

100

36

Pittston Co (The)..

4

3

25

3X
4% Sale
IX
IX
6%
8
5% Sale

25

8

*

p'reflioo

3,200 Pressed Steel Car
7% pf__100
11,600
Common
•
145,500 Procter 8c Gamble
1,580
Preferred 5%
...IlOO
12,200 Producers 8c Ref
Corp
50
1,290
7% preferred
50
1,000 Pub Ser Corp of N J
pf 8 % 100
283,728
Common
*
1,400
7%
100
9,800
6% preferred
100
16,500
Preferred
(5).....

$5 preferred

w

11X
Sale

5X Sale
Sale

5

104% Feb.

110

Jan.

16

27

Feb.

19

Feb.

13

20

Jan.

37

41% Mar.

Jan.

iU%

Feb.

Jan.

Jan.

8

1% Jan.

15

Jan.

18
14
13

19

Feb.
Feb.

Mar.

Jan.
2
Jan. 11
Jan.
5
Mar. 2
Jan.

5
7

11
17% Mar. 18

Fob.

23

Jan.

7
11

5% Jan.

%
1%
6%
2%

10

18

3

5

8

11% Jan.
4% Jan.

1% Jan.

4

2

Jan.

8

1

Feb.

17

5% Feb. 17
9

Feb.

4

Jan.

26% Jan.

5

32% Mar.
34% Mar.

80

Feb.

3

91

1% Feb.
X Jan.
3% Fob.

1
7

13

13
26

8
8

Mar.

5

1% Feb.
1
1% Jan.
2
6
Mar. 22

6

Mar.

90% Mar. 28 95
84X Mar. 28101

Mar.

75

Mar.

84% Mar. 28 121
Jan.
X Jan.
4
1% Jan.

11

Mar.

11

Feb.

4

3

Jan.

4

Mar.

2

11

3% Mar. 191
4% Mar.
5% Mar. 29.
7
Mar.
Mar.
35% Mar. 31 41

Jan.

7

5% Mar. 29
35% Jan.
5
60% Jan.
6

67 X

93%
■IX
6X
123 X
x55X
111X
96%

1

100
loo

Feb.

95

12% Jan.
4% Jan.
8% Jan.

25
15

9
7
7
8

41

Mar. 10

73

97
Sale

6

24

7
Sale

8X Sale
5X Sale
6
3%

50

18

99 %
Sale

33

Sale
Sale

,5M

Sale

6

irA
jx

30
3

Sale

M Sale

Mar. 12
Mar. 31

Mar.

8% Feb.

Mar.

10*
a*

33

Mar.

39

Mar.

5

X Mar.
5% Mar.
X Mar.

Jan.

16

5% Feo.

20

9% Jan.

5

X
7X
1%
22X
31%

6% Mar. 8
3% Mar. 23
Jan. 11

8

41

Mar. 31

5

Mar. 17

41
9

Jan.

5

Jan.

2

Mar.

7

Mar.

Mar.

Jan.

7

Mar.

32% Mar.

29* Jan.

7

3% Mar.
22% Mar.

22

Mar.

3

Mar.

30
1

22

Mar.

Sale

10

7

16

Mar. 28

26* Jan.

5

Mar. 29

3

2X

2

3X

2

4

3

Mar. 28
Mar. 29

X
4X
OX
8X

Sale

6

Sale

IX

Sale

IX Mar. 31

l\y*
94

Sale

29% Mar. 26

Sale

91

X Mar. 31

Sale

4

Sale

5X Mar. 19
1
7X Mar.

Sale

6

Mar. 29

Mar. 31

Mar. 28

1

IX Mar.
8X Mar. 15

V*

8

51% Sale
110X Sale

Sale

98

Sale

80

Sale

95%
Sale

X

127

Mar. 31

3%
5%
1%
7%

Mar.
Mar.
Mar.
Mar.
7% Mar.
9% Mar.

8%
2%
41%
98%
1%
9%
130%

17
27

Mar. 31

10

12% Mar.
2% Mar.
36% Mar.

IX Mar.
35
Mar.

Feb.

% Jan.
Mar.

1

Jan.

4

30

Jan.

6

2

7% Mar. 8
1% Jan.
7
22% Jan.
9
31% Mar. 18
7% Jan. 14
46
Jan. 28
4
Feb. 16
24
Jan. 18
XX Feb. 15
12% Mar. 3
2% Mar.
8
40
Jan. 21
14

5% Jan.
1% Jan.

15
14

Jan.

14

4

8'

4% Feb.
6% Jan.

Mar. 2
Mar. 7
Mar. 7
Mar. 11
Mar. 9
Mar. 30
Mar. 5

6
13
8

4% Jan.

X Mar. 31

3

8

Jan.

Mar. 29

3

7

Jan.

Mar. 28

2

7

Jan.

2

Jan.

Mar.
Mar.
Mar.
Mar.
Mar.

30

37 X
3

93 X
17X
X

10

33

Mar.
Mar.

Feb. 10
Mar. 8

32

Feb.

7X

32

1
3

5

3% Mar. 23

35 X

3%

20

Jan.

4

6% Mar.
3% Mar.

3X Mar.

2

16
31

127

92%
21X Sale
X
X

7
24

5

6

5x

9

90

Mar.

8

10

4

40

Sale

SX*
90

Mar.
Mar.

8% Mar.
5

Jan.

4% Mar.

31

130

115

7
24

3

31% Mar.

3X Mar.

Mar. 29

9
4

Mar. 31

6

6
1% Jan.
29% Mar, 26

9

7% Mar.
9% Mar.

8
8

11

Jan.

14

Jan.

14

42*

Jan.

14

Mar, 28 103
Jan. 15
23
1% Mar. 9

91

Jan.

1

3% Jan.

8

uHS

Mar. 30

Mar.

5

120%

Feb.

2

7
Mar.
50% Mar. 31 60
48%
Mar. 10 108
110% Mar. 31 114
95
96% Mar. 23 100% Mar. 11
80
Mar. 31
78
87
Mar. 7,

Feb.

10

60

Mar.

7

Feb.

10 114

Mar.

10

100% Mar. 11

5

Jan.

7

87

Jan.

5

96

24% Mar.
% Mar.

15% Jan,
%
Feb.

5
17

25

5% Mar.

93% Mar.
17% Mar.
X Mar.

Jan.

3% Jan.

4

96

Mar.

86

Mar.

7

Mar.
9
Jan. 14

% Jan.

2

50

Pure Oil

25

1,750
Preferred
193,700 Purity Bakeries......

Sale

IIIlOO

59
Sale

Sale

Sale

9X Sale
24X
27
14X Sale

'

12 %

Corp of Amer
preferred

5%

050

new

*

25

Sale

10

"A"

Preferred B
Class A

83

*

Certificates

7%

Sale

3X Sale

pref..Tl00

166,960 Pullman
Company..
12,100 Punta Alegre Sugar

Radio

8X
2%

40

_

Pub Serv El 8c Gas

Sale

8

.......

880300

37

♦

Pipe Line

1,508,100
11,200
164,100

32

100

% preferred

Sale
5%
%
22%

31
5

100

Term Coal

5,000
ClasaB......
10,700 Postal
Teleg 8c Cable
65,154 Prairie Oil
8c Gas
156,925 Prairie

520400

37 X
7

5

Poor 8c Co class B
•
15,100 Porto Rlcan
Am Tob cl A.100

"40800

6
37%

35

Pittsburgh Coal (of Pa)...100
6% preferred
100

...

418,600
4,500
33,900

3%

5
100

3,300
Pittsburgh United
2,250
Pref conv

"50500

Sale
8X
50
s%
Sale

5

..*

Phoenix Hosiery.....
Preferred

1,100 Pitts

"

10200

8

31X
sx

10

9,900
Pierce Oil Corp
25
9,100
8% preferred
.......100
43,700
Pierce Petroleum
*
16,450
Pilsbury Flour Mills
♦
2,000
Pirelli of Italy A.........
1

200
60

4X

100

10,700
Philip Morris & Co
159.767
Phillips Petroleum....
10

400

210

16

Jan.

840000

50

5,100
4,200
10,400
8,300

7

Jan.

4%

1

Rights

42,000
34,200
2,000

Jan.

14
42

1

IX Mar.

Mar.

15

20

88 %
98

13
8

Jan.

Feb.

7% Mar.

3

3%

21

Jan,

Jan.

iS*

Jan.

8

Mar. 21
Jan.

% Jan. 23
3% Feb.
2
6% Jan.
5

Mar.

♦

riH

2% Mar.
40

16

Mar.

85X Mar.

*

15

Mar.

109

Sale

X Mar.

6

15

Mar.
Jan.

16% Feb.
100

Jan.

6% Jan.

3% Mar.
17% Mai.

Sale

I 23X

5

2

101

2% Mar.
Mar.
30X Mar.

Sale

Mar.

6% Mar.

1% Jan.
55% Jan.

7% Mar. 31

Mar.

Mar.
Mar.
Mar.
Mar.
Mar.
Mar.

5%]
Sale
a

Sale

5

X Mar.
3

3%

Sale
3% Sale
28% Sale
30% Sale
85 % Sale
2
3%
1
1%

5

Mar.

X
4X
8%
3X
32X
34%

Sale

7X

5

11

104% Mar.

6X Mar.
11)4 Mar.
4% Mar.
IX Mar.
IX Mar.

OX Mar.
3

Sale

20]

Preferred

1

Jan.
Jan.
Jan.

93% Feb.

17X Mar.
17X Mar.

X Mar.

1

7

Mar.

104% Mar.

Mar.

*

People's Drug Store Inc

10

5
3

31% Mar.
36% Feb.

41X Mar.

30

97
96% 103
100
105% 100
3% Sale
16
21%
16

Mar.

110

109
114 % 102
Sale
21X Sale

Sale

Mar. 21

40

42

10

8

6X Mar.

Sale

34%
38 %

Mar.

Mar.

16X
102X
2X
7X

115

2% Sale
40

A

99,300
People's Gas
52,300

5

16% Sale
101

7% Mar. 31
IX Mar. 2
4% Mar. 5

2% Mar.
67X Mar.

1

Patlno Mines 8c Ent ctf

>'""320

4%

1

Mar. * 7
Mar. 23

1

4X

15,400
Peerless Motor
34,900
Penick 8c Ford
111,500
Penney (J C) Co
3,800

Cement
7% preferred

5X Mar.
3

3% Sale
67 % Sale

*

Pathe Exch.............

8.200

Sale

100

..

.

4

Sale

1

'

8% preferred.
971,527
Paramount Publlx Corp
8,700
Park 8c TUford
13,750
Park Utah Cons Mines
6,500
Parmelee Transport Co.

500

1,300
1,300

Sale

115

Sale
9%
43%

14
Sale
59% Sale
7%
10%
38 % 100

210

1,000
4,200
3,600

10

Sale
Sale

25
76,219 Pacific Gas 8c Elec
*
27,400 Pacific Lighting Corp
100
2,085 Pacific Mills
7,590 Pacific Teleph & Telegr_.100

.......100

329,600

359,100

3%

100

80
Sale

)3% 105%
21
20%

40

500

Sale

65
8%
12
6% Sale

)3

7

1%

3

55)1
19

Sale

4%

Glass Co........35

14,500 Owens-Ill

75,800
300

5%
1 %

new...

Sale

4X

Sale

4

55% Mar.
10% Mar.

Sale

2%

5%

Mar.

60

Mar.

Sale

6

Mar.

22

Mar.

27

Sale

10

Mar.

17% Mar.

Sale

Rights

3% Mar. 16

5% Jan.

Mar.

6% Mar.

Jan.

5

10% Mar. 28

10% Mar.

Sale

3X

50

15% Mar,

22

Mar.

5
9

9% Jan.
7

4

2% Jan.

4

5% Jan. 15
60% Jan. 14
15% Mar. 7

10% Feb.
32% Jan.
18% Jan.

19
12
14

Jan.

14

7

Rand Mines..

1,900
12,300
540

"""500
19 800
200

20

9,100
26,700
610

1,120
108

9,000

31,200

22",666

121",244

4,320

23,920
1,000

400

60

""loo

•

Hosiery

1st preferred.
2d preferred..
Reo Motor Car

No par value.




7%

12

Ji

*

"__Il00

3

2%
9X

....100

...

9X

Sale

♦

"100

.....

9

Sale
15

JV*

Sale

10

10X

9

3

12*

Sale

H

Sale

X

5%

2*

11

14%

il*

11

20

11H

3%

a

3

Sale

2X Sale

8% Mar.
3% Mar.

10

10

10% Mar.
5% Mar.

Mar.

16

Preferred

cov

Revere Copper &

*

100

Brass

*

Class A

•'

Preferred

ioo

II"

Reynolds Spring Co
....

,

*'
"•
*

4X Sale

3g
25

30^

8X Sale
5

5X
14%
3
5

18X
9

Sale
Sale
;

4

OX
30
Sale

4X

2X
5X
18%
8

10

"3% Mar."

2

Mar. 31

3% Mar.
13% Mar.

2

Jan.

5

10

Feb.

9

12

Mar.

11

Jan.

22

2% Mar.

2

12

28

11% Mar.

Mar.

2

Sale

4% Mar. 30

Sale
4

Mar.

11

Mar. 31

2% Mar. 24

6% Mar.
15% Mar.
3

9

2

Mar. 22

4% Jan.

5
8% Jan.
4
2% Mar. 24

Mar.

7
30
Sale

Mar.

% Jan.
Mar.
2% Mar.

2

13

Sale

iVA

8% Mar. 28
2% Jan.
4

Mar.

h
Sale
Sale

...Iio

Republic Steel Corp.....

New

Sale

2X Sale

__Iioo

13,938 Reynolds Metal Co

30800

11

....10

Preferred

Cert

500

5.400

Raybestos-Manhattan.IIIIIi
Real Silk

300 Reis (Robt) 8c Co
590
1st preferred
75,900 Rera'ton-Rand

11% Feb. 15
5% Mar. 12
16
Mar. 14
% Jan. 12
4

3% Jan.

3% Jan.

5

Mar. 31

3%

Mar!

21

10

Mar.

3

3% Mar. 21

Jan.

5

6

Jan.

28

17

7% Jan.

4

10

Feb.

23

3

4

8

6% Jan. 14
15% Mar.
5

15
8

Feb.

3% Jan. 14
13% Mar. 24
12
Jan. 21

Jan.

Feb.
Mar.

5% Jan.

29
30
2
3

14

N. Y. STOCK
AGGREGATE SALES.
In

Since

March.

Jan. 1.

Shares.

Price

mm

-

-

-

-

N. Y. STOCK EXCHANGE

-

7,600
9,300
1,000
5,600

68",200
100,500

Reynolds (RJ)Tob cl B

10

Class A.
—16
Rhine Westphalia Elec Pr
Richfield Oil Co of Calif
*
.....

...

680

2,100
2,400
2,900
280

117,600
1,400
200

700

2,400
52,000

10

20

Royal Bak Powder 6% pf.100
Royal Dutch Co N Y shs—

105

Rossla Insurance

.......

..10
*

[lit

..

15

300

700

2,400

29,600

Preferred.

17,200 Skelly Oil Co
Preferred
7,300

550
300

324,300
2,600
10,700
460

25,100

Jan.

2

Jan.
Jan.

6

84

4

94

3% Jan.

5

siH
50
Sale

3%
Sale

1% Sale
32

Sale

Edison....25

51

Sale

81%
85%
6%

Sale
Sale
6%

40% 41%
7% Sale
2X
3
1%
33%

38

3
19

27

Sale
Sale

%
%
4%
4%
7% Sale
4% Sale
63

100

2%

2J4
Sale

28%
Sale
Sale
3% Sale
24%
25%
X
X

20

%

1

8

5

Mar.

2

Sale
23

2

Mar.
Mar.

3

Mar.

15

23

Mar.

38

Mar.

15

37% 39
8% Sale
2% Sale
28% Sale
1
1%

7% Mar.
2% Mar.
28% Mar.
1

Mar.

30

31

Mar.

35

zi
3
24

18
Sale

%
%
4% Sale

4

12%
15
% Sale
1

10

13%
%
%
%
1%
8% Sale

2

9% Sale
53
54%

6

51

Sale

Sale

7

90%
31 %

5
1

3

24% Mar. 29
10% Mar.
1
12% Mar. 29

27

26% Sale

90

Sale

Mar. 31

82

Mar.

3

17%
4%
7%
%
1%
8%

Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.

51

Mar.

1

24%
7%
8%
2%

Mar.
Feb.
Jan.
Mar.

19

Jan.

29
11
15
29

13
5»

Feb.

13

9%
2%
37%
1 %

Mar. 8
Jan. 21
Jan. 18
Jan. 12

32

Jan.

2

% Jan.
5% Jan.

4

5

5%
30%
12%
15%
4%
31
%

Jan.

5

8
1
9

31

Mar.

7
9

Mar.

8

% Jan.
4
4% Mar. 26

10% Mar.
7% Mar.

5
8

Jan.

2

4% Jan.

4

10% Mar.
7% Jan.

6

96

Mar.

6

96

Mar. 24

4% Mar.
19

Mar.

79

Mar. 16

13

Mar. 14

Mar.

I

Mar.

3
8
9
II

Mar.
Mar.

7% Mar.

Feb.

8

2% Feb.

8

12,

9

18
sr

7

2

12

Jan.

6

Feb.

Class B

500

25

35

6,900

Preferred

...100

.

18,100 Sparks Wlthlngton

60

4% Mar.

300

2,900
200

300

200

19

Mar. 12

10

17
6

8% Mar. 31
4
40% Jan.
6% Mar. 29

Feb.
14
Jan.
1
Jan.
4% Jan.
Feb.
Jan.
63

8% Jan.

93,400
7,600

Preferred

A..............*

213,900 Standard Gas 5c Elec

70

80

W*
66

88

Jan.

8

93

20% Jan.

6

32% Feb. 19

4

12

12

35

60

45

48

% Sale
2% Sale
35

9%

10

6

18
3%

13 X Sale

114% 120

9

6

Mar.

11
12%
19%
3
2%
3%
11% Sale
12% Sale
117
117% 117% Sale

18,600

28

Sale

28

67
Sale
Sale

x57

Sale

57
50

OH of N J

25

10

57

2

2%
Sale
88%
Sale
Sale
Sale

%
87%
24%
9X
28 %
6

8

ilH

2*

23

Sale

2

%
86

87
Sale

28% Sale
4

7

% Sale
2%
20% Sale
2

5X Sale

Sale

10X Sale

Sale

85

Sale

11% Sale

Sale

7,200 Sun Oil
Preferred
1,310
.100
2,000 Superheate. Co (The)... ...»
*
10,865 Superior Oil
9,300 Superior Steel
[ioo

35,900

29

Sale

Sale

30

75

Sale

80

Stone

»

& Webster...

_

600
•

690

89

...

300

3,100
1,600

11

12

12%

500

1,600
1,300
8.200
11,300
12,000
349,622
183,500
11,200
69,200

400

117,100
61,900
3,600
23,900

Sweets Co of America.... ..50
*

Symington
Class A

•

Corp

Tennessee Corp.........

"I"*

Texas

"25

Texas Pacific Coal & OH.

Ilio

Corp (The)
Texas Gulf Sulphur

11

"8
4%

12

9%

X Sale
1\
11X
12fy
2% Sale

*

Tex Pac Ld Tr Tem ctfs.. ...i

12

2,900
1,200
5,600
4,400
2,400

600

1.500

2,300
1,600
3,400

Jan.

11*
2

4%

4X
25%

A*
16

Sale

Thompson

11%

17

......

900

-

85,200
5,700

R)

—25

Preferred...

*

148,100 Tidewater A**oc Oil
Preferred 6%.....
15,500

25*

8

9X
IX

1

14

30

*

2

2

..100

25

27

..._..*

3

2,940
6% preferred
100
6,500
imken-Detroit Axle Co
19
*
266,700 Tlmken Roller Bear
83,800
Certificates of deposit
27,100
Class A—
37,100
...*
Class A certifs of deposit..*
10,300

33

900

900 Tidewater Oll

1,300
2,200

98,400
11,900
4,800
3,900
1,600
129,900

653,100 Transamerica Corp.....

800

36,600
1,900
4,700

;

1,600
113,400
6,100
9,100
3,300
5,800
5,100

Tran 6c

Williams Steel..

Tri-Continental Corp
Preferred

»

*

.........100

Trico Products
Truax Traer

25

Coal..........*

Truscon Steel Co

100

-

1,800

4

10
Sale

4X
Sale

17%.
3X, Sale
2%
3X
6%
7
6%
7%
2% Sale

3%:

4

2%

2%

42

Sale

•

10

26>| 26H
6

2%

46,700

Sale

2%

16

i% preferred

4,800

268,800

769,000

•

(J

4X
27

No par value




.—.100

Sale

95

105

6%
8
30 % Sale

26A 30^
lit Sal*
12%
9%

13%
Sale

11%
13%
18
2% Sale
22%

21%

3%
26

1%
14

3%
29

1%
15

12% Sale
5%
6%
% Sale
13%
18
2% Sale
22% 24%

3

10

7

31

38

36

4% Sale
20

Sale

5% Sale
•3%
4
8% Sale
8% Sale
4% Sale

1

5%

it*
100

30

:

I"
Sale

37%
4% Sale
16% Sale

28
31
28
11

30
30
1

5

12

5
22% Mar, 12
2

Mar. 10
Mar. 31

2

% Mar.

1

Mar. 26

6% Mar.

1

Mar.

3

21

Mar. 31

1 % Mar.

1

4% Mar. 31

3% Mar. 29
25% Mar. 17
1% Mar. 17

14% Mar.

1

12% Mar. 31
6% Mar. 12
% Mar. 31
2% Mar. 19
4

21% Mar.
7
35
4

Mar. 29
Mar.
8
Mar.
8

16% Mar. 31
5% Mar.
1
Mar.

2

Mar.

2% Mar.
50% Mar.
25% Mar.
Mar.

1% Sale

1

Mar.
Mar.

15

98% Mar.
8

Mar.

28

Mar.

TP

Mar. 11

J

20

29

Jan.

4

Feb.

10

Jan.

5

3% Mar. 22'
5
9% Jan.
95

J an.

%
91 %
27%
12%
31%

Mar. 14

Mar. 10

Mar. 18
Mar. 11

7
3
5
4

9% Mar.
5% Mar.

3

Mar.

4

4
5

Mar. 8
Mar. 9
Mar. 19
Mar. 14
Mar.
1
Mar. 7
Mar. 23

9% Mar. 16
36% Mar. 7

11
4

Jan.
Jan.

13
9

Mar.

Jan.
Mar.

1% Jan.
Mar.

23% Jan.

9

21
9

9
5

2

6% Jan. 14
15% Mar. 10

7,104% Mar. 31

7% Mar. 31' 13% Jan. 14
Mar.
1
27% Jan. 29 32
73
Jan.
7| 87
Mar. 16
J an.

6

% Jan.
4% Jan.

4

11

5

13% Jan.
% Jan.
7% Feb.

16
4

Mar. 16
Mar. 2
Mar. 3
Mar. 5
Mar. 4

15

7% Jan. 22
3

20% Jan.
1% Feb.
4% Jan,

Mar.

3

101

Jan.

Jan.
Jan.

2

Mar.
Mar.

Mar.

6

Feb. 19
Mar. 22

61% Jan.

9

Mar.

4

2

Feb.

4% Mar.
21% Mar.
6% Mar.
4% Mar.

56%
31%
1%
5%
2%
23%

50

10

4

3% Mar. 7
2S% Mar. 15

5

z22% Mar. 31

Mar.

Mar. 23

9

18*
^

15
16

Mar.
Jan.
Jan. 14
Mar. 311
Mar.
5
Feb. 15 119% Jan. 22

2

Mar.

41

14%
2%
11%
114%

11

3

2%
13%
26%
2%
6%

x9

Jan.

6

Mar. 22
Feb. 24
Jan.
2

Mar.

1

4

Feb.
Jan.
Jan.

30
10

Mar. 19
Mar. 31

Mar. 31

26%
2%
16%
16%
9%
1%

Feb.

16% Mar.
9% Feb.

9%
%
%
11%
1%

W* Mar. 10

18

1% Mar.
1

9

75

Mar,

12% Mar.

Mar.

Mar. 30
Jan.
4
Mar. 26
84*4 Feb. 11
6
22% Feb.
7% Mar. 31

1!

% Mar. 17

1% Mar. 29
11% Mar. 24

40

12

9% Mar. 3
2
48% Jan.
3% Jan. 14

3!

1

9% Mar. 19
% Mar. 31
% Mar. 22

8% Mar.

34% Mar. 8
41% Jan. 14

3

Mar. 17

95

Mar. 31

Mar.

1

Feb.

Mar. 31

2;
% Mar
90 % Mar 16
9
27% Mar
8
10% Mar
9
31% Mar
5%'Mar, 11
5
1% Mar
3

26

65

57

Mar. 16

Mar.

18

Mar

26

Feb.
Jan.
Jan.

28

Mar.

1

15

2

Jan.

3
12

5

87

5

98% Sale
9%
9%
28% Sale

10

Feb.

9

32

Sale

Sale

59% Mar

10l
8'

Mar.

4

5

Mar

!

Mar. 16

3% Sale
5%
Sale
Sale
Sale
Sale

Mar.

30
80

6% Mar. 7
8% Mar.
1
3% Mar. 28

2%
50%
25%
1%

Mar.

Mar

4

125

7%
32% Sale

.

2

4

5
4%
3% Sale
54
51%

29%

9

26

68

1

Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar

231

Mar. 22
Mar.

5%
3% Mar. 22
10% Mar. 31! 15%
1 104%
Mar.
7% Mar. 311 11%

5

Sale
Sale
Sale

Jan.

9

2,

34% Mar
38% Mar

100

11

Sale

Mar.

%
86%
24%
7%
27%
5%
%
1%
20%

5*
13

Mar. 31
Mar. 31
Mar. 30

2

11%

123% Sale
1% Sale

22% Sale
2
2%
4% Sale

Convertible preferred....*

7,950 Thompson Products........*
11,000 Thompson Starrett
.*

800

50

Thatcher Mfg

30%

1%

Sale

Thermoid Co...
*
Third Nat'l Investors....... 1

Sale

Sale

Sale

Certificates (old)...... .100

1,500

lVi

1

.....

Telautograph

o

Sale

...

1,600
4,900
4,100

3% Sale
10% Sale
103% Sale

Sale

......

48%
2%

89589%
24% Sale
7% Sale
28% Sale
5
6M
%
2"
1%
21% Sale

1,490 Studebaker Corp pref...
—ioo
*
83,681
Common..............

166,400

810

1,700
1,000
1,900
14,500

2

%

24% Sale
10

42%

a-22% Mar. 31

?!

Mar.

9% Mar. 30
6% Mar. 2.

1
Mar.
14X Mar. 28 15
3
Mar.
8
3
11% Mar. 31 14
117% Mar. 2 118

Sale

Sale

Mar.
Mar.

20

6

63

*23%

29

3

Mar.

2%

1

33

54,400 Stewart Warner Corp.

73,700

-

Mar.

69

1,500 Starrett Co (The L S)
*
12,600 Sterling Sec Corp cl A
•
9,400
Preferred......—...—..*
21.000
Conv 1st preferred......50

4,200
5,000
6,500

-

6

Sale

10%
6%
16%

5

Sale

736,200 Standard

300

«.

9

40

3

Mar.

2

36
55

9

Mar.

79

1% Mar. 30

28%

61X

Mar.

Mar. 11

7

16% Mar.

Sale

...

5,200

.

40

Sale

29

Mar.

2

20
16%
9% Sale

7

13 X
3

1}

17*

2% Sale

2X

1%

Mar. 23

65% Mar. 18

28

5,900 Standard Oil Export pref. 100
269,300 Stand Oil of Calif
*
26,700 Standard Oil of Kansas....25

94,600

14

Mar. 16

2% Jan.

...*

....

229,800

11
19

Mar.

10
10

30,600
|4 preferred
*
Preferred (7%)
4,500
*
Preferred (6%)
2,200
_....*
*
4,500 Stand Com'! Tobacco
5,400 Standard Investing Corp—*

1,100
1,700
2,200
1,600
2,900

11
16

93

5

8

12%

12

*

2,400 Spiegel-May-Stern Co..
*
413,200 Standard Brands
.......*
4,700
Preferred...
•

119,500
1,000

8

4

Mar. 21
Mar. 16
5
Mar.
Mar. 8

4%
7%
%
1%

32%

Mar.

26% Mar.

19

7%
2H

100

94

160 Spear A Co
1,100
7% preferred..........100
1,400 Spencer Kellogg & Sons
*
6,400 Splcer Mfg Co..
„•

120

19
2%
12

6%
1 %
9%

*

3,000 Spalding Bros..............*
1st preferred
1,290
100
500 Spang Chalfant & Co
---*.

100

5
7

*4
Southern Dairies class A...*

500

19

Mar. 24

100

""700

13
14

Jan. 13
Jan. 18
Mar. 8
1
Mar.
Mar. 9
7
Mar.
Jan. 14

Mar.

6% Mar.
90

Mar. 31

1

Jan.
Jan.

12% Mar.
15% Mar.
4% Mar.

2% Mar. 29

23% Mar. 29
% Mar. 7
4% Mar. 26

6% Sale

91
Sale

11

Mar.

5% Mar. 18

3% Sale
18% 20%

Mar. 29

Mar.

7

10

1

4

Sale

9

30% Feb.

4

Sale

3% Sale
16%
19

12

Mar. 31

6

94

Jan.

6% Jan. 28
2% Mar. 31
27% Feb. 10

3

7

92

36

30
42

% Jan. 12
3% Mar. 29
3% Mar. 21

Sale
Sale

4

Mar. 26

4
2

3% Sale
25

Mar. 23

Mar. 17
Mar. 8
Mar. 8
Mar. 8
Mar. 2

Mar.
8
Jan. 15

7% Feb.

2

Mar. 22

32

5% Sale
82

9

10% Feb. 15
59% Mar. 5

15

% Mar.
5% Mar.

Sale
Sale
25

c40%
9%
2%
36%
1 %

1
7

6% Mar. 31

% Mar. 4
3% Mar. 29
3% Mar. 21

^

10% Sale

Sale

93
97%
31% Sale

Sale

12

8

Mar.

5

10%

Sale

9% Sale
40%
48

Mar.
Mar.
Mar.
Mar.

93% Mar. 10
7% Mar. 9

15 %

15

14

Sale

4

Sale
15

9%
5%

IX
40

Sale

89% Sale

%
*/
4% Sale
4
4%

5

3%
28

Sale

33

15

3

84

Sale
40

3
23

Sale^

4%

*

.....100

California

4

72

*

....

8% preferred

Mar.

23

75

2

So Porto Rico Sug

Sou

4

39

Preferred.

Socony Vacuum Corp.....25
Solvay Am Corp pref
100

13% Jan.

14

8

6

..100

3% Feb.

84

Sale

13

5,475
692,100
7,100
31,300
1,070
71,500

5
4

..—25

1,980
Preferred.........
13,200 Snider Packing

1,300

Mar.

7
5

....100

....

6

11
18

105
Mar.

400 Sloss-Sheffield Steel & Ir.100

200

4

Jan.
Mar. 26

10% Mar.
59% Mar.

— ....

9,100
1,900

Sale

Mar. 26
Mar. 23

23

6,400 Shubert Theatre.....—...*

35,200 Simms Petroleum
19
75,000 Simmons Co
...._•
531,700 Sinclair Con OH Corp
4,800
8% preferred...
100

4

X Jan.
2
6

6%
48%
19%
85%

2%

19,700
37,300
276.500
3,500

6

% Mar. 1
2% Mar. 18
6% Mar. 8

X Mar. 30
2% Mar. 1

Sale

14
2
26

Jan.

13% Jan.
% Jan.
2% Mar.
8
Jan.
6% Jan.

15% Mar. 23

33

500

2% Sale"

12

69

6% Sale
48% Sale

—1

28,610
9,300

Jan.

11

20

Prices.

40% Jan.

17% Sale

36
7

.._..*

....

32% Jan.
*
64% Mar. 24

9% Sale

.»_*

87,300 Shattuck (G F)—.
1,024 Shell Transp & Trading... £2
91,010 Shell Union Oil
*
Preferred
26,100
.....100

394

4

21% Sale

25

...l

8

Mar.

Sale

3

preferred

conv

Mar.

68

Sale

Sale

[ioo
...*

40

33% Mar. 31
64% Mar. 24

Highest.

Prices.

7%
42

.—*

....

Sale

14 %

63 %
75
78% Sale
5
5%

.190

IP SB
105

Highest.
Sale Prices.

6

2%

4% Sale

6,200 Seneca Copper.....—...—*
190,800 Servel Inc............—*
1,500 Sharon Steel Hoop
*
14,200 Sharp & Dohme
*

6,400

% Sale
Sale

% Sale

*
.14

11

20

14

Sale

65% Sale

Lowest.

Lowest.
Sale Prices.

Ask

34

38% Sale
65%
68

12

199.400 Seaboard Oil Co of Del.
700 Seagrave Corp (The)...
411,398 Sears, Roebuck & Co
4,200 Second Nat Investors...

300

Sale

Ask. Bid.

Bid.

Sale

620 Scott Paper

127,200

35% Sale
69

2

Ritter Dental Mfg

March 31.

March 1.

Ask.

Bid.

7

.....

220

2

—*

Rio Grande Oil

41,300 St Joseph Lead
180,100 Safeway Stores
Preferred (6)
1,660
Preferred (7)
5,371
11,500 Savage Arms Corp
18,400 Schulte Retail Stores..
708
8% preferred...

;

.

1932.
Par.

149",20C

16,000

Jan

1;

391,800
2,180
2,400
20,800
30,100
'2,600
16,000

RANGE SINCE JAN. 1

PRICES IN MARCH.

STOCKS

Shares.

124,400
70

39

EXCHANGE-STOCKS

5

3% Mar. 29
25% Mar. 17
1% Mar. 17
13

Jan.

8%
6%
%
13%
2%

Feb.
Mar.
Jan.
Feb.
Mar.

5

9
12

23
23
19

20

Feb.

7
30

Mar. 29
Feb.
9,

4

16%
2%
2%
6%
6%
2%

Jan.

Jan.
Jan.
Jan.
Jan.
Jan.
Jan.

3% Jan.
2% Jan.
42

Jan.

25% Mar.
1

5

Mar.
Mar.

1

Mar.

14% Jan.
98% Mar.
7% Jan.
27% Feb.

3

5

Jan.

4

% Jan.

21

Jan.

19

13%
2%
13%
26%
2%

Mar.
Jan.
Jan.
Feb.
Jan.

23
16
14
17
15

6}f

Mar.

8

4% Jan.
Jan.

21

3

Jan.

12

16% Mar.
16% Mar.

3
5

10

Feb.

1%
14%
3%
28%

9
Jan,
Jan. 30
Feb. 13
Mar. 15

x9

Mar. 18
Mar. 11
Jan.
6
Jan.
9

41
5

6% Mar.
4% Mar.
9
~

16

29

23

6,

18

18
13

Mar.

9% Mar.
6

Feb.

Mar.

29

5
4
3

4
17
4

Jan. 14
Mar.
8
Mar.
9
Jan. 14
Jan. 12
Jan. 13
Mar.
7
Mar. 23

Jan. 20
Mar.
7

N. Y. STOCK

40
AGGREGATE SALES
Since

Y.
STOCK

EXCHANGE

Jan. 1.

Shares.

March 1.

18,300

256,700
2,900
1,100
12,400

11% Mar. 31

11% Mar. 31
43% Mar. 17
5% Mar. 31
23
Mar. 28
98
Mar.
1

20*025

*
30,625 United Carbon
78,350 United Cigar Stores...
3,500
6% preferred
100
1,076,868 United Corp...............*
Preferred

69,500

4,400

118*766

348*945

3,300

9,800

Universal Pipe &

*
.*

7,600
17,060

22,900
43,260
2,400

United Stores A

300

Preferred....

140

1,900
9,400

*

100

28,000

168,534
3,400
9,100

398,134
13,000
15,700
1,000

22,100
1,600
1,427,300
58,200
1,300

55,500
66,700
24,600
54,500
5,500
5,043,610
100,100
2,800

20

170

180

370

60,300
6,200

*6*8*506

1,000
380

Sale

*

100
50

1st preferred

U S Smelt Ref & Mg

100

United States Steel..

100

7% preferred..

Preferred

100
Sale

....10
•

17

100

...

100

.....

24

Sale
30

100

50

13,500
3,300

860

8,700
32,060
70

21,700

800!

5,100

530

2,700
7,900
127.600
12,600

547,600
600

1,100
100

3.800

Class B

*

100

Convertible

9,500
400

17,800
200

Willys-Overland.....

16,600

"A"....'

7% preferred...

133,000 Worthington P 9c M
1,350
7% preferred "A"

2,550

6%

preferred B
520 Wright Aeronautic

47,300 Wrtgley (Wm) Jr

2,788
14,600

8,288
54,700

30

410

•

Sale
3X
Sale
13X
13X
23 X Sale

*

100
60

Yale 8c Towne
Yel Trk

7%

8c

C'ch class B

preferred

3,400 Young Spring & Wire
9,800 Youngst'n Sh 8t Tube

*4*266

(Blue) certificates
Zenith Radio Corp

130,800 Zonite Products Corp..

N* car value




12 X

12%

Sale

Feb.

16
7

6% Jan.

28% Mar.

4
Mar. 23
Jan. 25

14

Mar.

nW
20

Jan.

11

Jan.

11

10%
38%
1%
33%
5%
30%

Jan.

15
7

8

Mar.

Mar. 15
Jan.
5
Mar. 23
Mar.

9

Feb.

23

2

21% Mar.

8

94

Mar. 10

21%

a*
71X
57
105

Sale

11

Jan.

60
Sale
99

93

14%

Sale
Sale

63

15% Sale
29% Sale
70
69%

Sale

20

10%
5

8X
29X
10%
8X
sex

31X
8 % Sale

*

22

Sale

*

1

Sale

IX

AX
20

12

7
12

11%

28

Sale
9

10

Sale

25%
27%
% Sale
2
1%
4% Sale

23%

17%

20

100

IX
2%

»

100

20

15

17

23%

1

2%
22%

24

42

Sale

18%

Sale

100

32

41

20

100

25

45

24%

30
Sale

7X
50X

15

6%

*
25
10

..100

,.*
•

._.*

1

51X

13
Sale
1554 24
8%

3X

Sale

8

12% Sale
%

»aie

7X Sale

30
5

3

Mar. 28

9
8

4

3
1

3

Mar. 21

% Mar. 3
24% Mar. 17
4% Mar. 12
86
Mar. 24

Mar. 17
Mar. 30
4

Mar.

1

27% Mar.

8

71

13

Mar. 26

17% Mar.

4

1% Mar. 21
6% Mar. 28
1% Mar. 22

2% Mar.

5

4

14%
36%
35%
88%

Jan.
Jan.
Jan.
Mar.

59

28

48% Mar.

9

27

X Jan. 23
3% Feb. 15
51% Mar. 11
8

Jan.

14

25% Mar.
4

5

Feb.

19

31% Mar.
3% Mar.
7% Mar.
65

Jan.

J8*
18"

9
9

9
Mar. 14

Mar.

9

Mar.

8

Feb.

19

Feb.

19

65% Mar.

119% Jan.

130

Feb.

59

36

Jan.

8% Feb. 13
5% Jan. 14
11% Mar. 9

Mar.

3% Mar.
% Mar.

10S

Jan.

20

9

Mar. 11

Feb.

4

Jan.

14

Jan.

4
9

Jan.

18% Feb. 19

11% Jan.

Mar.

4

30

Mar. 16

Feb.

7

Feb.

24

35

Jan.

22

Mar. 14
Mar. 2
Feb. 26
Jan.
2

%
39%
4%
88%

Jan.
Jan.
Jan.
Jan.

15
14
15
22

Mar. 17

30

Mar.

7

%
23%
3%
83%
20

37% Mar.

4
19

9

2% Mar. 4
40% Mar. 16

1

19% Jan.

29

29% Jan.

Jan.

12

71

11% Jan.

5

19

Jan.

2

Jan.
5
1% Mar. 21
6% Mar. 28
1% Mar. 22
35
Jan.
5

70

Jan.

3

Jan.

5
14

66

70

Mar.

12

Mar. 16

10 H Jan. 13
25A Jan. 14
40% Mar. 16

4% Jan.

13

2

2

Mar. 22

13

Mar. 15

9

Jan.

Feb.

1

7
Mar
Mar, 23
Mar, 24
Mar, 22

1%
6%
13%
12%

Mar. 8
Mar. 7
Mar. 11
Mar. 1
Mar. 15

1

Jan.

1% Jan.

11

3%
6%
10%
%
20%
%

Mar.
Mar.
Mar.
Feb.
Jan.

7

Feb.

19

10

Mar.
Mar.

Mar

Mar, 15

10*

Sale

3% Mar.

1

Mar.

% Mar.

Mar.

Mar.

9
8
8

68

68

Mar.

75

Mar.

54

Sale

54

Mar.

64% Mar.

Sale

105

Mar.

Sale

95

Mar.

Sale

10% Mar.
2% Mar.
Mar.
35

,1

35% Sale
Sale
Sale

70

6% Sale
17%
20

IgK
27
Sale
26

15% Mar.
33% Mar.
71% Mar.

22% Mar.
66% Mar.

6% Mar. 22
17

Mar. 17

10% Mar. 16

Mar.
1
Mar. 30

10
22

% Mar. 17
Mar. 11

1

Mar.

3% Mar. 31
20% Mar. 17

14

14

Feb.

14
3

Jan.

18

28% Feb. 24
% Jan.
15% Jan.

Jan.

22
14

70

Mar. 14

5

61

J an.

76

Jan.

11

4

53
98

Jan.
Jan.
Jan.

70

Jan.

12

110

83

6

Mar. 17

101% Mar. 28
16% Mar. 3
4% Mar. 4

10% Feb.
2% Mar.

4
8

33

Jan.

50

5

12

Jan.

3

19% Jan.
61% Jan.

17% Feb. 13
35% Feb. 19
72% Jan. 20

8

6
17

9

9

12

14
2

58% Jan.

47

8 % Mar .
4
17
Mar. 17

12% Mar.

17% Jan.

Jan.

Mar. 17

Mar.

47

Mar.

*12

% Sale
Sale

110

20

50

2101% Mar. 28
3
16% Mar.

3% Sale
19
21%
19%
1% Sale

„

8%

49% Sale

Sale
Sale
24
9
9%
15% Sale
8%
3%
15%

%
8%

20

1%
1%
3% Sale

100

*

5% Jan.
18% Jan.

3

Mar.

28% Mar.
% Mar.
1% Mar.
5% Mar.
20% Mar. 17

Feb.
9
Mar. 17
Jan. 12

29% Feb. 26
8% Jan.
4
21% Jan.
% Jan.
1
Jan. 23
3% Jan. 12
20
Feb. 13

Feb.

19

9% Feb. 19
19

Jan.

12% Mar.

19

9

31% Jan.
12

Mar.

28% Mar.
1

Jan.

1% Feb.
5% Mar.
20% Mar. 17

...

"2% Sale

40% Sale
17% Sale

10

4

Mar.

65

10
22

Jan.

Mar.

Mar. 14

..

% Jan. 15
2% Jan.
5
44

7

70

6

Jan.

15% Jan. 21
15% Feb.
3
3% Jan. 27

5% Jan.
3% Jan.

P

9

50

4

9

Mar.

66%

4

13% Mar. 21
3% Jan. 27

5

63

*12%
23%

Jan.

10% Jan.

3

Sale

29

18

5

Sale

Sale

Jan.
7
Mar. 21

Mar.

Mar.

105%
99%
10%
2%

90

Mar.

Mar.

72

20

5

Mar.

47

80

9

28

29%
Sale
49

Feb.
Jan.

55% Jan.

Mar.

1

47
63

48%

Jan.

16

77
37

27

2

41% Mar.
7% Mar.
% Mar.

6

93% Jan. 21

4
4

1%
3%
6%
10%

10

ioK*

Mar. 31
Jan.

10
5

69

21

2

10% Sale

22%

"ix
11%

8% Mar. 23
85

10

2

4?*

*

Preferred
6,200
1,002,700 Woolworth (F W).

10.000

63,300

12 X
3

5X

38 X

16%

Wilson 6c Co

"l~,406

Sale

•

2,000

1,000
6,000

55
101

500 Wilcox-Rich Corp class A.._*

12,700

20

52
98
88

IX

600

650

Sale

2 %

9,500
10,900
3,600
253,600
19,100

1,150

*

13

13%
15
%
IX
20%
Vs
1
14% Sale
48 %
50
58% Sale
63 34
67

*

B

37%

14

*

56*300

33%

Sale

*

^Macb

Class

2*4*866

% Jan.

Mar. 14

7

% Mar. 14
23% Mar. 2
3% Mar. 30
84% Mar. 15
20

1% Sale
3% Sale

*

Preferred

40

7

*

Wilcox Oil 8c Gas

Sale

2

....

2,600
38,700

2

IX
5%
14%

*

6.500 Western Dairy Prod A

30,800 White M'/Cor
5,600 White V/kc M Spr ctfs
18,400 White Sewing

7

37

90%
2
8%

18

*

...

Sale

1%

Sale

•

preferred

Preferred-......

17
70

1

1

Class A

69

8

100

Preferred

Wesson Oil 8c Snowdrift

7,800 Westvaco Chlorine Prod

66

3

preferred....*

Instr

22% Sale
70%
73
13% Sale
68%
90%
1% Sale
6%
7%
1%
1%

1%
4% Sale

19,700
Class B v t c
*
378,950 Western Union Teleg
100
41,900 Westlnghouse Air Brake
*
1,829,200 Westinghouse El St Mfg..50
1,630
7% 1st preferred....
50

510

80

2% Sale
7
9%
1% Sale
31% 41

15

Sale

10%

1,870
7% preferred
100
1,190
Preferred (6)...
.100
2,290 West Penn Pow pref 7%..100
1,450
6% preferred
100

300

18% Sale
70

Sale

1

'

EI

69

67

15
55

6

30

26%

5

*

Weston

Sale

2% Sale

*

260 West Perm El Co "A"

5,700

25 %

85*4 Sale
5%
30

*

Elsenlohr

conv

Jan.

3

46

31% Feb.

25%
4%
84% Sale

*

Webster

$4

4

21
Feb. 11
Jan.
4
Feb.
8

1

Jan.

18% Mar.

Mar.

7

Sale

•

Warren Fdry & Pipe

Wheeling Steel Corp

9.100
2,300

.*

...

7% preferred

260 Wells Fargo & Co

4,300!

570

*

Co

333,100 Warner Bros Pictures
Preferred
2,530
3,700 Warner-Qulnlan
35,000 Warren Bros

280

680

*
100

preferred

Walworth

2,600 Ward Baking class A

2,000

460

100
100

Detlnning.....
7% preferred

105,000 Waldorf System

1,300
4,800
700

170'

.

Vulcan

100 Walgreen

7

31% Jan.

17

12% Mar.

4

9,500

""'130,

3% Mar, 31
% Mar. 3

23

5

"4.700

300

%

%

*

3

Preferred

Mar. 26
Mar. 31

21% Feb.
1% Jan.

9
9

25%

12% Sale
7
2%
38
30

*

1st preferred

Mar, 11

40

Sale

*

9
9,

51% Mar. 7
38% Mar, 31
88% Mar, 30 105% Mar. 7
62% Mar, 28 65% Mar. 9
Mar. 11
127
Mar, 10 130

136

100

Utah Copper....
Utilities P 6c L"A"

1

Mar, 16

38

Sale

S Tobacco
Preferred

21

50

10,800

39

15% Mar,

40

5

120

900

8%
5%
11%
19%

Mar, 31
Mar, 30

7

Sale
Sale

36

5,940

700

2

4

Sale

...50

Preferred

100

930

84,500

7% Mar,

Sale
Sale

*

U S Rubber

Virginia Iron, Coal & CokelOO

14,100

65

Mar. 28

62

100

U S Realty 9c Impt..

Mar. 5
Mar. 11
Mar. 4
Mar. 5

8

4% Mar.

Prior preferred v tc

3%
51%
7%
25%

Mar.

2

*

t c

2,300
6% preferred
100
1,000 Virginia Elec 8c Power 6% pf *
70

Mar.
7
14% Mar. 9
15
Mar. 10

47

31% Mar.
3% Mar.
7% Mar.

'

v

t c

5,100 Va-Caro Chem
4,100
7% prior pref

'"""70

90

2

*

7%

Mar. 24
Mar. 21

20

22% Mar. 31

U S Indus Alchol......

U

2

4
9

3% Mar.

U S Leather

8%

7

Mar.

Mar. 28

3

*

20 Van Raalte Co
30

900

5% Mar. 31
19% Mar. 31

233,900 Vanadium Corp of America.*1

10

2,600

2% Mar. 31
47
Mar. 31

20
100

preferred..

v

9% Mar.

2% Mar.
48% Mar.

90

*

193,800
17,600 V adsco Sales Corp
700

Mar. 10

U S Hoffman Mach

Class A

Mar.

26

100

U S Gypsum Co

7%

9% Jan.
2
% Mar. 29
12

Prices.

13% Jan.
7
2
19% Jan.
16% Feb. 17

5 103
4
25

17% Jan.
86% Feb.

12% Mar. 31
13% Mar. 21

20

.100
24,000 U S Foreign Securities Corp.
1,800
Preferred...........
4,400 U S Freight
*

"""700

10,500

Jan.
Jan.

21% Mar. 8
94
Mar. 10

45

100

Preferred

'"*466

17,800
19,100

90

Mar. 31

U S Express

1

600

Jan.
5
Jan.
5
Mar. 31
Feb.
9

20

8% Mar. 23
Mar. 31
1% Mar. 21
43% Mar. 1
19% Mar. 26
90
Mar. 21

*

Leaf Tobacco

800 U S Distrib Corp

900

9%
41%
5%
20%

24

85

_._*

Preferred

1,040 Universal Plct 1st ref
92,100 U S Pipe 8c Foundry
1st preferred.....
4,300

1*666

4,200

Jan.

9

90% Mar. 29

100

Preferred

"

8

1
3
7
7
Mar. 15

27

15

Co—100

5,900 United Piece Dye Works...
940

16,700
2,500

Mar.
Mar.
Mar.
Mar.
Mar.

Salt

10% Feb. 11

5% Mar. 23
30% Mar. 9
1
Mar.
7

18

*
....

150

10

1%
17%
10%
38%
1%

Highest.

Prices.

3% Mar. 1
21% Mar. 28
% Mar. 30

24

101

Go

Preferred...

Universal

9
Mar. 18
Mar.

1

14

...100

United Gas 9c Impt

United Paperboard

400

Mar. 31

7

Had Co..*

Preferred

2,200

Mar. 26

32% Mar. 29

100

......

36,800 United Electric Coal..
104,400 United Fruit...

800

11% Mar. 1
% Mar. 29
12

•

290 United Dyewood
750
Preferred

180

11,000
43,900

13% Mar. 8
19% Mar. 9
16% Mar. 3
46
Mar. 7
6% Mar. 3
28% Mar. 4
103
Mar. 23

-

260
.

Salt

Prices

4

Preferred
10C
940
10 United Business Publishers.*

286,100
21,400

Mar. 18

15

890

23,600
1,600

Sale

Sale Prices.

^
48,200 Union Oil, California
25,600 Union Tank Car
1,307,300 United Aircraft 6c Tr Corp..*
Preferred
..50
13,200
2,000 United American Bosch Corp*
24,800 United Biscuit of Am—..."

Lowest.

Highest.

Lowest.

March 31.

Par

Shares.

18,500

RANGE SINCE JAN. 1.

PRICES IN MARCH.

STOCKS
N.

In

March.

EXCHANGE—STOCKS

1

Sale

24

27

1% Mar. 26
Mar. 23

1

Mar.

4

3

Mar.

3

45% Mar.
20% Mar.

8
7

1% Mar. 26
14
Mar. 23
% Jan. 11
2% Jan.
18
Jan.
36% Jan.
14% Mar.

Mar.

9

30

25% Mar. 2
5% Mar. 28
51% Mar. 3

22

2% Mar.
1
17
Mar. 14
1% Mar. 14
4% Mar. 9

22% Mar. 2
40% Mar. 31
14% Mar. 31

31

40% Sale
14% Sale
20

30

30

35

22

Sale

22

7
4%
44% Sale
9

Sale

3

Sale

16

25

6%
12%

7^
13

Sale
8% Sale
%

•

Mar.

7

Mar. 31

5% Mar. 28
44% Mar. 29
8% Mar. 1
2% Mar. 28
24

Mar.
Mar. 31
Jan.

25

44% Mar. 29

9% Mar.

8

4

Mar.

7

Mar.

7

9% Mar.

8

8% Feb. 10
2% Mar. 28
20% Jan.
6
7
Mar. 28

Mar.

7

12% Mar. 30

Mar.

7

9% Mar.

8

12% Mar. 30

16

% Mar. 14
8% Mar. 31

1

7

5

24

7
Mar. 28
Mar.

Mar. 10

% Jan.
6% Jan.

3

Jan.

25

Jan.

13
26

1% Mar. 14
Mar.

9

Mar. 10

45% Mar. 8
23% Feb. 19
41

Jan.

30% Jan.
8% Jan.

15
11

Jan.

14
18

10% Jan.

18

57

14
12
9% Mar. 8
17% Feb. 17

24

Jan.
Jan.

2

Jan.

5

9% Mar.

22

8

:Vv.' 'I-

New York Curb

Exchange
1

MONTHLY AND YEARLY RECORD

RANGE OF PRICES ON NEW YORK CURB EXCHANGE
Stock Sales.

1931.

1932.

March

Bond Sales.

4,524,072

14,089,000

13,611,274

Jail. 1 to March 31.

35,377,137

PRICES

NEW YORK
CURB EXCHANGE

Since

March.

Jan.

Shares.

___

Shares.

$93,136,000

242,752,000

RANGE SINCE JAN. 1.

MARCH.

Price
Jan. 2

1932.

1.
INDUSTRIAL

IN

1931.

,$77,058,000
,204,343,000

Jan. 1 to March 31

AGGREGATE SALES.
In

1932.

March-

Shares

Bid.

AND

March 1.

Ask.

March 31.

Ask. Bid.

Bid.

Ask.

Lowest.

Highest.

Lowest.

Sale Prices.

Sale Prices.

Sale Prices.

Highest
Sale Prices.

MISCELLANEOUS

300 Abbott Laboratories com...*
100

1,200

300

475
700
125
200
700
100

200

700
50

Acetol Product*. Inc. A
Acme Steel common

Acme Wire Co

7% lstpf
Supply Mfg class A

Mar. 16

15

"334 "434

*

Class B__

425

9

334 Mar. 14

9

6

Feb.

1524 Mar. 16
334 Mar. 14

14
3

Jan.

Jan.

Jan.

; Feb.

3

80

6

6

Jan.

Jan.

14

524
134
1234
134

Jan.
Jan.
Feb.
Mar.

42

Feb

6

Mar.

100

com

Preferred

10

4

2

1

.*

Aero Underwriters Corp....*

7,600 Alfa An sco Corp

Mar.

1234
334

1

15
Sale

234

12
2

234

234

800
Convertible preference...*
300
Warrants
125 Ala Gt Sou RR ordinary
50
190
Preference
50

6

Sale

6

Mar.

6

I

234 Mar. 30

3

45

Mar. 28

42

2,600 Alnsworth Mfg Corp com...*
1,700 Air Investors Inc com ▼ t c..»

30

134Mar. 18

234

100

To

6

Mar. 30
Mar. 28

1,200
200

All America General

'4

231

34 Mar. 22

7*

24 Mar. 22

34
9

83

7,200

Allied Mills Inc.

...»

3-16

3

8

700 Alliance Investment com...*
200 Allied Int Inv S3 conv pref— *

"moo

10

634
334

34

11
4

Mar. 19

Mar.

4

11'

8

70,035 Aluminum Co
Preferred
7,100

2,800

*

common

100

900

3,800

24

285

Series B

27

334

334 Mar. 23

334

1,900

5,100

"5l>| Sale'

49

Sale

'3534 Sale
5134 Sale

6234

64

53 34

Sale

15

25

1834

21

Series C warrants

75

57
111

Aluminum Ltd

»

"""loo
200

'""400
200

Series D warrants.........

1,500
200

300

...»
100
*

1134

Ih

7f^ a11.*
h1 Sale

118

-*

"234 ~~5~~
34

34

m

\

34

Corp.*

com

Common class B

34

34

2J4 Mar. 11

334 Mar.

1,100

34'

300

48,200 Amer Founders Corp....

70

170 American Hardware..

3,100

16,600 Amer Investors
9,000
Warrants

900

934 Mar. 14

com

3

1,425 Amer Mfg Co
600

Sale

„34
7

Preferred

X

IK
IX
34 Sale
a

'"334

Fence

Sale
Sale

8

9

15

46
32

45

55

15

200

122,600
3,100
4,300

""'200

1

45
20

234
234

»

com

H Sale
13-16 Sale

X

Sale
10

Associated Rayon Corp com.*
Atlantic Coast Fisheries
*
Atlantic Fruit & Sugar

34
34

5-16
1
134

134
7

334

334 Sale

2

1

IX

234

34

134

234

vtc

*

com

Jan.

234 Feb.
10

8

34
934
234
34
34
34

2

3

534 Sale
3234
34
134 Sale
K
34

Jan.

Jan.

Mar.

Mar. 17

47

Feb.

Feb.

26

00

Jan.

12 150

Feb.

Jan.

12 110

Feb.

25
16

2134 Mar. 17

1434 Feb.
34 Mar.

Mar.

7

Mar.

9

5

524 Mar.

5

234 Jan.

24 Mar.

3

6

34 Mar.
Mar.

10

Mar. 21

Mar.

20

Mar. 10

234 Mar.
24 Mar.

3

Mar.

9

1

Mar.

2

20

Mar. 30 a:2234 Mar. 21

234
24
1424
1224

Mar.
Mar.
Mar.
Mar.

Jan.

10

224 Mar.
34 Mar.

8
9

40

45

9

40

45

3634
134

40
134

com

pref

*

•

1

134

23

'lm ""§34 "934
2434

22

2434

Mar.
Mar.

Mar. 10
Mar.
9

Mar.

134 Jan.
24 Jan.
20

9
5

Mar.
3
Mar. 21

34 Jan.
734 Jan.
20

2
5

Jan.

12

Mar. 21
Jan.
2

Mar.

234 Mar.
34 Feb.
1424 Mar.

Jan.

2

Mar. 14

Jan.

6

Mar. 11

11

Mar.

13
10

45

Mar.

45

Mar. 11
Mar.
9

534 Jan.
4234 Feb.

Mar. 11
Mar. 11

Mar.

2424 Mar. 14

Mar. 16
Mar. 11

-3

1-16

34

1-16 Mar. 21

34 Sale
Sale

Jan.

Jan.

6

Jan.

7

7

Mar. 16

224 Mar. 12

18

234 Jan.

14

11

7
3

Mar. 16
Jan.
4

3

Mar. 11

7

34 Mar. 31
Mar. 29

5-16 Mar.

134 Mar.
7

4

3

Mar. 11

22

Mar.

Jan.

5

Jan.

234 Jan.
124 Jan.

11
27

1-16 Mar. 21

2

Mar. 29

34 Mar. 31
7

Mar. 29
Feb. 25

134

1

134 Mar. 17

134 Mar.

34

34 Mar 14
334 Mar. 5
134 Mar.
1

Mar. 10
Mar. 5
Mar. 8
Mar. 15

5
2

7

334

6

434

5

Mar. 29

34
334
324
734

2

4

Mar. 16

2

Mar. 16

1

4

Mar.

.

334 Mar.
1

134

134

Mar. 30

124 Mar.

"224
124
2
524 Sale
35

37

124 Sale

8^

4

1

1

Mar. 29
134 Jan.
7

7

Jan.

9

Mar.

5

Mar.

8

Mar. 29

Jan.

8

Mar. 16

Mar. 16

3

234 Jan.

6

5-16 Jan.
1
Jan.
1
Feb.

25

1J4 Mar. 4
134 Mar. 15

2

9

Mar

"28 "224 Mar."28

Mar. 14

524 Mar. 31

234 Mar. 11
734 Mar. 9

7

36

124 Mar. 29

2

34

Mar.

Mar.

3

234 Mar. 15
824 Mar. 14
134 Mar. 10

Sale

2

9

Mar.

9

45

Mar. 18
Mar. 28
Mar. 26
Mar. 26

40
1

1
9

Mar.

9

Mar.

7

234 Mar. 21

41

9

Mar. 26

334 Mar. 3
234 Mar. 15

32

42

34 Jan.
2
134 Feb. 26

34 Mor. 14
334 Mar. 5
134 Jan.
21

"134 ""234

934 Sale

;8X

Jan.

Mar.

16

3

734

4
19

5
13
19
Mar.
8
Jan. 22
Jan. 20
Jan.
7
Feb. 20
Mar. 29

Feb.
Mar.
Jan. :
Feb.
Jan.
Jan. !

5

19
17

Jan.

Mar.
Feb.

1-16 Jan.

.._*




Feb.
Feb.
Mar.

Feb.

o2

new

2,800 BellancaAircraft

gee page

21]

1

Mar. 16

234 Mar. 23

434

•

8,700 Benef Indus Loan

Far Jootnotes

1134 Mar.

Mar. 29
5134 Mar. 8
Mar. 14 147
Mar. 12

7

2

" "3""

154
2
434 Sale

4,900

cum conv

Sale

45

34
Sale
734
234

1

2

500

$2.50

4

Jan.

22

"l6"" Sale"

.

334

*

100
Baumann (Ludwig) & Co—
40
Conv 7% 1st pref
100

600

Mar.

*

775 Babcock Ac Wilcox Co

600 Bickford's Inc

234 Sale
34
34
1434 15

*4

38
234

1,300 Aviation Securities Corp....
1,000 Aviation Secur of New Eng.*

100

Sale

3
3

i~X

*

com

Conv prior partic

234
234
34 Sale
20

7

"I

...

40

6

10

10

534

5,000 $3 preferred A
17,900
Warrants
9,100 Automatic Voting Mach con
6,700
Conv prior participating..*

425

Feb.

Jan.

134 Feb.

Corp—

Atlantic Securities com
900 Atlas Plywood
434,100 Atlas Utilities Corp com

200

18
16
19

3

10

6

American deposit recta..£1
500 Associated Laundries com

200

1,300
1,000

6

Jan.

4

24 Mar. 8
834 Mar. 29

Mar. 11

3 34 Mar. 31

34

34

30

16,400

800

334

16*

Associated Elec Industries—

"'"loo

334 Sale

15

100 Animal Trap Co of Am com..*

1,000
2,100
1,200
1,000

234
«
11

2,700 Arcturus Radio Tube com..*
4,680 Armstrong Cork com...
*

2,500

26

15

100

"""700

Sale
1

17

1,200
1,850

400 Art Metal Works

234
34

20

Anglo-Chile Nitrate Corp..,
4,900
Ex stock distribution

400

Jan.

Mar.

1034 Mar. 14

19

Feb.
Jan.
Mar.
Mar.

6

24 Mar. 22

34 Mar.

20

10

49,200
Class B v t c
*
4,500 American Yvette Co com...*
400 Amsterdam Trading Am shs.

1,400

Jan.

5
4
8
8
30

00

.

8

18

common. *

Amer Utilities & Gen

Sale

334

15

100

200 Amer Transformer

1,900 Anchor Post

Jan.

Jan.

234 Mar. 18

34 Mar. 24

"""34 Sale'

•

100

common

25

300 Amer Phenix Corp...
„.._*
1,200 Amer Salamandra Corp
50
1,700 Amer Thread preferred
..5

50

Feb.

Jan.

8

2034 Mar.

115

20

425 American Meter Co

i

Mar.

834 Jan.
234 Mar.

15

20

%

Laund Mach com
600 Amer Maize Products com

200

400
500

*
25

cl B._.*

1,420 Amer

375
125
225

?3)f

30
Jan.
1-32 Jan.

7

Mar.

34 Mar. 22

34

K

5

.

970

400

11,500
1,000

•
100

100 Amer EI Secur partic pref..20
12,100 American Equities com

2,400
8,100

400

34 Sale

8

1-16 Jan.

1,900 Amer Dept Stores Corp
240
7% 1st pref series A

100

100

3

§6" "Mar ."17

Warrants

Feb.
Feb.

60

"134 "5~"

160

108

14

3

""34 Mar.""7 '""34 Mar.""7

134

140

2

Jan.

9

3-16

5

300

34,200

Mar.

47
140

1,200 Amer Cyanamid com cl A...*
85,350
Common class B_.

15

Jan.

5324 Mar.

12

8

*

2,700'Amer Commercial Alcohol
11,700 American Corp common..

"moo

27

Feb.

324
34
3534
4934

4

cl A*

_._..*

$3 preferred

.....

"Y.966

2

Mar. 19

10

$5.50 prior preferred...
•
917 American Cigar Co. com..100
Preferred
150
..100

100

Mar.

5

1034

700

Amer British 6c Contr

500 Amer Capital Corp

Mar. 31

17

234 Mar. 18

100 Amer Beverage Corp........*

2,700

3534 Mar. 31
4934 Mar. 30

5

3,800 Araer Austin Car Com
200 Amer Bakeries cl A stock

"moo

Sale

17

warrants

Aluminum Goods Mfg
200 American Arch Co

; Jan.

7

234 Mar. 11
434 Sale

40

:

200 Allied Motor Indus com....*

""9,856

Jan. 12
Feb. 13
Feb.
3
Jan.
2
Jan.

.

524 Jan.
34 Jan.
4

36

*

Corp.20

•

i
I
[
;

9

34 Feb.
34 Feb.

34
234

........

2,400 Alexander Industries

; Feb. 18
; Jan. 23

Jan.

29

_

534

25

▼ t c

Adams Millie
Aero

...

*
25

Mar.

23
20

5

224 Mar. 28
2

Jan.

4

434 Jan.
4
3334 Feb. 19
124 Jan.
2
34 Feb. 10
3

Mar.

3

234 Mar. 15
824 Mar. 14
134 Mar. 10

4

Mar.

3

34 Jan. 25
134 Feb. 13
134 Mar. 15
1-16 Jan.

5

334 Jan. 15
234 Feb. 16
734 Mar. 9
36
2

Mar. 26
9

Mar.

134 Jan.
7
634 Jan. 28
234 Mar. 15
9
Mar.
7
234 Mar. 21

4

39

Jan.

21

45

Mar. 4
Mar. 28
1034 Mar. 14
9
Mar. 26

32

Mar. 18
Jan.
7

40

1

834 Feb.
9

23

5

Mar. 26
Feb. 24

54.

\

Mar.

4

Mar.
4
134 Feb. 25

1134 Jan.

14

10

Jan.

8

24

Jan.

14

42

NEW

YORK

PRICES

AGGREGATE SALES

Jan.

Shares.

Shares.'

1.

7

200

Lowest.

Highest.

Sale Prices.

Sale Prices.

March 31.

March 1.

Ask.

Bid.

INDUS. 8c MISC. (Con.) Par

*
200 Blaunera common
3,200 Bliss (E W) & Co common—.*
*
42,287 Blue Ridge Corp com
Opt 6% Conv pref
45,587
50
700 Blumenthal (S) 8c Co com—*
50 Bohack (H C) 7% 1st pref 100

'"700
11,400
23,500

RANGE SINCE JAN. 1.

Jan. 2

1932.

March.

IN MARCH.

Price

NEW TORE.
CURB EXCHANGE

Since

In

EXCHANGE

CURB

Lowest.

32

3

Mar. 31
Mar. 29

4

1*
18*

Sale

3

10

89

Mar. 12

3

2X Mar.

3

99

Sale

>4

Mar.

1
Mar. 30

Mar.
9
Mar. 30

27
5

Highest.

Sale Prices.
x9
Feb. 15

2** Mar. 31
1*5 Jan.
4
Jan.
6

17*5

Sale Prices.
x9
Feb. 15
4*5 Feb.
3

2*5 Mar.
27

Mar.

3
9

4

Feb.

20

6

Jan.

86

Feb.

13

'86

Feb.

11
13

59

Jan.

15

59

Jan.

15

4

Jan.

7

2

Jan.

14

Boston & Maine RR—
■

:'

v.

10

Prior preferred...

..100
-*

900 Bourjols Inc
Bowman-Bilt Hotels—

300

-4 K

5**

3X

5

3X

4X

4**

Jan.

7

2

Jan.

14

'

"""200

preferred
..100
300 Bridgeport Machine com....*
1,400 Brill Corp class A
—*
700
Class B
*
300 Brillo Mfg Co common
*

2,200
1,900

5,900 Brlt-Amer Tob Ord bearer_£l
Amer dep receipts reg
4,400
£1

1st

X

4

IX
X
6X

IX
3
3Vs
12X

X
1

1

1*4 Feb. 13

2

7X

X

14**

6^

Jan. 27

1

X

Sale"

xOX Mar. 15
14X Mar. 5
13** Mar. 2

xOX Mar. 15

IX Mar. 24
6X Mar. 24

IX Mar. 2
6** Mar. 24

7
2

Mar.

15

13X Mar.

*4
6*5
12*4
12*5

1*5 Feb. 13
1** Jan. 14
*5 Jan. 13
6*5 Jan.
5

Jan.
4
Mar. 15
Jan.
4

15

Mar.

7

Feb. 10

13*4 Mar.

2

British Celanese—
American dep receipts..
7,900
1,110 Bulova Watch Co $3.50 con pf *

4,000
200

ll* 2lH

■

500
100
200
600

"""200

~3"606

Burco Inc

com

*

......

6% pref with warrants..50
Conv preferred

\2A

t*

6g

1%
IX

4**

30

20

30

IX

IX

" Sale

26

9,200

15,700

...

Cable Radio Tube

IK

IX

2

2K

c_*

com v t

X

IX
2

Sale
2X

IX
IX

X

X Sale

X

Sale
Sale
1

5
100 Campe (The) Corp com—.-*
400 Carman & Co conv A stk...

800

3,300

Carnation

11

13

10 X
17
8

17

Co common

800 Carrier Corp common

*

17**

10

14
40

18

25

40

28

2

4

IX Mar.
1
IX Mar. 14

** Mar.
13** Mar.

300 Camden Fire Ins Assn

300

Mar. 28

27

Jan. 29
Mar. 31

X Feb.

18,800 Burma Corp, Amer dep rets..
20
3,500 Butler Bros

"""loo

Mar. 31

18
26

Warrants

1,000

300

'26

1*4 Mar. 24
6*5 Feb. 10
X Feb.
5

"§

13

1
3

Mar. 29

1** Mar.

Mar. 29

9

1

17

Mar.

Mar. 26

8

Mar.

16

Mar. 10

10X Mar.

9

8
7

IX Mar.
Mar.

13*1

6

Sale

9

Mar. 10

2

1
8

11

1*4 Jan.

5
1*5 Mar. 14

** Jan. 21
13*5 Mar. 3
2*5 Jan. 26
Mar. 29

9

1*4 Feb. 13
12
1

Jan. 25
Feb. 20

18

Jan. 29

27
Mar. 28
3-16 Jan. 15

1*5 Mar.
2** Jan.

9
9

1*4 Mar. 8
13*5 Mar. 7
2*5 Jan. 26
13

Feb.

6

18

Jan.

15

6

Mar. 26

10

Jan.

12

Mar. 10
Jan. 13

24*4 Jan. 13

16**

Jan.

13

Celanese Corp of Amei

2,900
7% 1st partlc prof
..100
New 7% prior preferred.100
3,600
1,000 Celluloid Corp common
*
350
1st preferred.
_.....*
2,300 Centrifugal Pipe Corp—.._*
1,200 Chain Stores Develop com..*

1,100
2,125
800
100

800

2,400

3,400 Chain Store Stocks Inc

*
500 Charts Corp common
—*
60 Chic Burl & Qulncy RR..100
100 Chicago Rivet & Mach Co...*
540 Child s Co preferred
100

200

"""160
240

4,242,765 .Cities Service common
Preferred...
17,600

354,265
6,500

300
350

-

mm

330

3,100

....*
*
*

Preferred B........

2X
20

4

3

X
5X
13

OX

30

2X

24X Mar. 26
2** Mar. 3
Mar.

25

"3X ~~3X

Sale
13**

5X

Sale
13**

11

9

3** Mar. 10

Mar.

8

16

32

Mar.
Mar.

25

Mar.

8
7
9

22

3

3X Mar. 10

5X Mar. 19

Mar.

6

Mar. 30

11

11

8

Mar. 30

2X

3X
20
Sale

52 X

Sale

Mar.

5X Mar. 14
11

9

Mar.

10

43X Mar. 24
IX Mar.
1
3
Mar. 21

45

IX

IX

*

2X

4

3

1-16
8

10

conv

3

X

5X
5X

Sale

1.55
4

1-16

**

1-16 Mar.

1

OX
Sale

"OX "8X

"OXMar .""8
5X Mar.

1

2

2

1

Jan.

5

3

Jan.

14

Jan.
Jan.

7

1

1

"7 X"Mar." 14
7** Mar. 18

2

IX

Jan. 23
Jan.
5

5

3

4** Jan.
1*5 Mar.

5

27

5

1*5 Feb.

5

1-16 Mar. 15

1-32 Feb:

IX Mar.

Mar.

19

9

Jan. 30

6*5 Feb. 19
53*5 Mar. 9
4** Feb. 10

4

1-16

1-16 Mar.

10

"** "2X

Jan. 19
Jan. 28
Jan.
4

3

Mar. 21

1

6*4
12**

99*4
30

Mar.

16

Jan.

9

ar.

1** Mar.
3

12

8

4

3X

1-16 Sale

IX
2X

Jan.

4*5 Feb.
3-16

Mar. 31

M

13*4 Feb.

IX Sale
3X

3

pf_*

400 Consolidated Aircraft com..*

100

19

5*5 Mar. 28
44*1 Jan. 5
4*5 Feb. 10
41** Jan.
9

*

100 Columbus Auto Pts

Jan.

*5

1

mrnm mm —

Mar. 30

3

17** Mar. 15
6X Mar. 5
53** Mar. 9

9

10

25

3X Feb. 27
*5 Feb.
3

Mar. 31
5X Mar. 28
49** Mar. 28

3

Sale
5X Sale
49** Sale
10

3

Jan. 26

20

Jan. 18
Mar.
7

42

4

2*5 Feb.

96**

_....*

Preferred BB_

7,000 Colombia Syndicate...
1
400 Colt's Patent Fire Arms Mfg25
1,500 Columbia Pictures Corp com *
Common vot trust ctfs
*
8,400

400
2,700

Sale

2

150

17 X
6

48

5% Sale
45 H Sale

500 Club Aluminum Utensil

"""500

5X
11
90

10,800 Claude Neon Lights com
2,000 Cleveland Tractor com

200

3X

3X

16
26

3-16

15

10

Sale
Sale
2X
3 0

Mar.

45

1*4
3**

*4 Feb.
*5
14*4
7*4
7*5
4**
2*5

2

Jan.
9
Jan. 19

Feb.
Feb.
Mar.
Feb.
Jan.
Jan.

1
17
7

14
18
27
14

Consol Automatic

1,100
mmm

m

12,900

200
S3.50 preferred..
*
3,300 Cons Retail Stores Inc com.*

mm

400
m

mm mm mm mm

Merchandising v t c......*

100 Consol Theatres Ltd

mm

1-16 Sale
1

1-32 Mar. 15

IX

t c__*

▼

1,500 Continental Chic Corp com.*
Convertible preference—*
200

A

200 Continental Secur common.*

IX

3
2

X
**

X
**

"I" Mar."l6

2
2

Mar. 15

2

it*

*5
X
*5
1*5

Jan.

18

Sale

Jan.
Feb. 23
Jan.
Feb.

1*4 Jan.

*5 Feb.
*5* J an.
Mar.
*5 Jan.
2*4 Feb.
19*4 Feb.
IK Jan.
2

19
7
15
21
16
19
2-

Continental Shares Inc—

Preferred series B
100
2,028
Convertible pref.......100
5,725
1,400 Coon (W B) Co common.
*
100
7% pref with warrants..100
1,200 Cooper Bessemer Corp com..*
S3 cum pref with warr.
3,100
Copeland Products Inc
class A without warr —-_*
1,700
171,200 Cord Corp
.....5
'3,700 Corporation Sec of Chic—..*
7,400 Corroon & Reynolds com—*
|6 Conv pref A...........*
4,800

725

2,025
500
100
300
(

2,200
1,000
35,000
700

2,300
1,100

Courtaulds Ltd

mm

mm

Sale

2

3

4X

9X

Sale

2X
7**

3
Sale

IX Sale
IX Sale

3

2

5X

10

1,800

5,200

200
300

200

Mar. 28

1

Mar. 29

5

Sale

7

Sale
IX
IX
2X
13 X
17
4X

3X Sale

"I

2"

8

Sale

14X

15**

3X
**
1**
15**

Mar.
Mar.
Mar.
Mar.

"7

1

31
18
17
24

2*4 Mar. 10
Mar. 5
Mar. 26
Mar. 14
Mar. 16
7*4 Mar. 11

2**
4**
49**
2**

Mar. 12

14

Mar. 28

5X Mar.
** Mar.
2** Mar.

2
2
8

Mar.

5

18

IK Mar. 31
Mar. 28

1

4*5 Jan. 11
49*5 Mar. 14
2*1 Mar. 5
Mar. 29

5

10*4 Jan. 16
3*5 Mar. 31
** Feb.
8
1*4 Feb.
8
7*5 Jan.
5

2*5 Jan.
3K Jan.

14
14

Jan.

19

5

49*5 Mar. 14
3*5 Jan. 15
9*5 Jan.
2
Mar. 12
8*5 Jan.
9
1*4 Jan. 14
2** Mar.
8
18
Mar. 5

14

£1

5K

100

Preferred

Crocker Wheeler Elec Mfg__*

3X

4*4

Feb/

Mar. 28
Feb. 17

7

3*5 Mar. 22

14*5 Mar. 22
IX Mar. 24

14 X Mar. 22

14X Mar. 22

Mar. 28

55

50

7

5*5 Jan. 27
Mar. 28
Jan. 28
5*5 Jan.
6

6X

5X

.

75

mm

IX Mar. 31
4X Mar. 26
49** Mar. 14
2** Mar.
5

U X Mar. 22

Am dep rets for ord stk reo
200
25
60 Crane Co common

50
mm

2*5 Sale

50

3X Sale

3

4

"2

Mar.

3** Mar. 22

14*5 Mar. 22
IX Mar. 12

26

7

53

Crosse & Blackwell Inc—
<

$3.50 pref without

2,400 Crown

warr...*

"lK sale"

Cork Internat cl A.

~1%

2

IX

1*4

Jan.

2

Feb.

2

19

Crown Zellerbach Corp

900

1,925

*

$6 conv pref A

100 Cuban Tobacco

400

1,400

100

6 X % pref with warr
100
100
900 Curtis Mfg Co (Del) A stock.*
500 Curtiss Wright Airports v t c *
4,300 Curtiss Wright warrants

900

500

2,400
600

1,800
9,400
14,300

1,700 Davenport Hosiery
39,700 Dayton Airplane Englne.
.100
80,500 Deere 8c Co com
74,500 De Forest Radio v t c

100

5,100

100

300

1,500

150

700

"3" 800
34,800
400

18

15

17

1,300 Driver Harris Co
30
7% preferred

13

14

X
9X
IX

Sale
Sale
Sale

X

100

X

Mar. 22
Mar. 29
Mar. 11

18

"I

12*5 Feb. 24

Mar.

1

1

19** Mar.

9

15

Mar. 29
Mar. 11

65
10

65

13

17
3-16

9**

„

Sale

12

Sale

1-16 Mar.

** Mar. 29
** Mar. 26

13

**
OX
X

3-16
Sale
Sale

X

**

4

Mar. 30
Mar. 5
Mar. 31
Mar. 23

13** Mar. 15

IX Mar. 18
X Mar.
1

12**
**
OX
X

3-16 Mar. 11

'2X "3"

18**
8

X
X
X

1

Duval Texas Sulphur

"2X "2X

Sale

22
8

6

»

..*

3

2X
34

ox Sale

11
1
27
29
11

Jan.

4

12** Mar. 30
Jan.
6
6*4 Mar. 31

1*5 Mar.

1

X Mar. 23
1** Mar. 18
*5 Jan.
5
48
Mar. 22
2*4 Mar. 22
29
Jan.
6
9
18*5 Feb.
5*5 Jan.
4
66
Feb. 16
*5 Mar. 31
X Mar. 16
X Mar. 26

5-16 Mar. 11

48

2*4
30*4
20**
6*4

Mar.
Mar.
Mar.
Mar.

22
22
21
31

2*5 Mar. 10
35*4 Mar. 3
22** Mar. 22
9

Mar. 22

Mar.

3

IX
Sale

**
X.
X

Sale
X
X

** Mar. 31
*4 Mar. 16
** Mar. 26

1*4 Mar. 17
** Mar.
1
X Mar. 5

X

IX

X

X

** Mar. 29
3*4 Mar. 21

3*4 Mar. 21

1

Jan. 11
Mar.
1

9

Mar. 29
Mar. 11

65
13

** Mar. 29
3-32

Jan. 11

14

Jan.

8

*4

Jan. 11

14*5
1*5

Jan. 15
Jan.
8

1-16

1** Mar. 18

Mar. 22

1-32

19*5 Mar.

** Mar. 29
1-16

7

X.

a

Jan.
Mar.
Jan.
Mar.
Mar.

Mar.

10

48

common ..10
100

Durant Motors Inc—...

20

1-16

IX
3X
X Sale

600 Eastern Util Invest class A_*
*
500 Edison Bros Stores com

300

1-16

13**
**
8X
1**

X

♦

Dubilier Condenser Corp

13** Mar. 16

** Mar. 29
1-16

IX
Sale
Sale

8J00
175,200
2,600

18

10

»

Dow Chemical Co com—

700 Draper Corp

I " Mar." I
65

A

Detroit Aircraft Corp...
40 Dixon (Jos) Crucible Co. lioo
*
600 Doehler Die-Casting

Sale
20

1

De Haviland Aircraft Co Ltd
Am dep rets ord reg shs ..£1

34,100

10
900

10

Cuneo Press com

2

1-32

t c—*

com v

Mar.

13

700jCuban Cane Products warr.

"""ioo

13** Mar. 16

1** Mar. 18
** Feb.
2
Jan. 11
3*4 Feb.
5
35*4 Mar. 3
22** Mar. 22
9
Mar.
3
66
Feb. 16
1** Jan. 18
J5 Jan. 12
*5 Jan. 11
66

Mar.

1K

Jan.

5

3

Jan. 26

4

Feb.

18

8

1

Feb.

15

12

1

Jan.

6

2**

6*4 Mar. 31
6
Mar. 31

8*4
8*4
4*4
49*5

8

*5

Jan.

4

Educational Pictures Inc 8%

150

5,700
4,500
5.100

1,200
600

17,900
8,550
16,900
4,100
1,900

pref with com pur warr.100
com
*

Eisler Electric

...*

Class A.

Elec Shareholdings com

300

100

Class B common
100
700 Empire Corporation

Class A non-vot

*

com

—*

100

footnotes

.....100

600 Fan steel Products Inc
200 Fedders Mfg Co class A
see pane




54

4

Sale

,45**

65

IX Sale
OX Sale

IX Mar. 31
6*4 Mar. 31

6

6

AVa

45

Sale

A*

49

29** Sale
29** Sale

1754

30

X
17**
2X

X
18 X

X
18X

3X

3*1

com
10
600 Fairchlld Aviation class A..*

400

Sale
Sale
7X

Mar. 31

3*4 Mar. 21
45

Mar. 29

2*5
8**
8*5
4*4
49*5

Mar. 8
Mar. 7
Mar. 7
Mar. 9
Mar. 12

U
16

IX
*

3

38

Jan. 30
Jan.
4

10*4 Jan. 12

1,500 Fageol Motors Co
1,880 Fajardo Sugar.

,

2X
7**
7X

__*
com...

1,200 Employers Re-insurance...10

200

IX
8
7X
4
42

Co—25

100 Ex-Cell-O Aircraft & Tool—*

250

1

6X
6X
3X
38

$6 cum pref with w
250 Elgin National Watch
Emerson's Bromo-Sel

100

'loo

.*

Elec Pow Associates com

3X

X

1
17**
2X
5

1

15

IX
3X

1-16

21X
3X
X
IX
20

Sale
5X

18*4

1*

29** Mar. 31
29** Mar. 31

29** Mar 31
29** Mar. 31
.

7-16

21

2K

15** Sale
IX
1*
3X
6*

l8**"Mar.~26 'l§*|"Mar."26
** Mar.
1
15

3

Mar. 28

Mar.

2

IX Mar. 24

*5 Mar. 3
IX Mar. 7
15*5 Mar. 31
2

Mar. 12

29**
29**
*5
16X
3*4

Mar.
Mar.
Feb.
Jan.
Feb.

31
31
15
8
24

Feb. 20
1
Jan.
9
14** Feb. 24
1** Jan. 27
3*5 Feb.
-

1-16

Jan. 14

11K

Jan.
Jan.
Feb.
Mar.
Mar.
Jan.

30

Feb.

9

14
13
9
12
18
4

29** Mar. 31
*5 Feb. 15
20

Jan. 27

3*5 Feb. 24
5-16 Jan. 13
1** Mar.
7
16*5 Feb. 15
2
Mar. 12
4

Feb.

5

NEW
AGGREGATE SALES
!

In
March.

PRICES IN MARCH.
NEW YORK
CURB EXCHANGE

Since
Jan. 1.

Shares.

Shares.

400

700

Bid.

100

13,700

6

Ford Motor of Canada cl A..*

400

Class B

254
54

300

354
2
95*

9

♦

Ford Motor Co, Ltd,
Amer dep rcts._Ord reft £1
109,000
600 Ford of France Am dep rets..

44,200

Sale
6
754

5h

100
200

900 Foremost Dairy Prod
Cony preference
300

200

2,100 Foremost Fabrics Ck^p

•

com

454

"754

Highest.

Lowest.

Highest.

Sale Prices

Sale Prices.

Sale Prices.

5* Mar. 31
Mar.

4

5* Mar. 31

5

24
15

54
354
15*
125*

Mar.
Mar.
Mar.
Mar.

Mar. 19

4

Mar. 31

45*
5*
54
5*

Mar. 24
Mar. 3
Mar. 2
Mar. 8

Sale

45* Sale
5*
3-16

35* Sale
5* Sale
15*
2

S , 3-ft

19

30

5* Feb. 24
105* Feb. 23
65*
754
54

5* Mar. 12

2

75* Feb. 15
85* Feb. 25
5* Mar. 12

15
9

4
15

Mar.

3

4

Jan.

15* Jan.
85* Jan.
165* Jan.

25

Mar.

3

65* Jan. 11
65* Mar.
1
5* Jan.
6

45* Mar. 24
5* Jan. 26
54 Jan.
6
5* Jan.
8

54 Mar.

Mar. 23

15* Jan. 20

Mar. 31

4

Mar.
Mar.
Mar.
Mar.

Jan. 13

4

Mar. 23

55*
65*
5*
54

2

3
6

Jan. 25
Jan.
8
Jan. 11

1% Mar. 29
15
Mar.
3
25
Mar.
3

4

Jan.

145* Jan.

554 Jan. 26

55* Mar.
75* Mar.

Mar. 30

20

154
15*
125* Sale

254
5* Sale
15*
2

%

Lowest.
Sale Prices.

Sale

65* Sale
5*
54
54
5*
5*
54

""5*

*

8

Sale

5

Ask.

55* Sale
65*
754

354
4
15*
iVs
14 5* Sale
24
Sale

Sale

March 31.

Ask. Bid.
5*

Bid.

Sale

3

1,000
46,550
1,075

Ask.

14 5*

400 Fire Alio of Philadelphia.. 10
500 Flshman (I) & Son class A—*
Fltntkote Co class A
.....*
300 Foltls-Fiacher Inc com.....*

300

March 1.

1932.
INDUS. 8c MISC. (Con.) Par
Federated Capital Corp
*

...

""206

RANGE SINCE JAN. 1.

Price
Jan. 2

1,400
1,200
6% cum preferred
...25
3,900 Federated Metala Corp
.*
2,200 Flat Amer dep rets...

"""306

43

EXCHANGE

CURB

YORK

54 Jan.
6
54 Jan. 20

Foundation Co foreign shs

14,900
4,900

18,600
20,300

class

""166

254
5*

2

*

A

Fox Theatres class A com

400 Franklin (H H) Mfg com
150
7% preferred.....

*

54

2

Sale

1

•
100

35*

800 Garlock Packing Co com
_*
11,065 General Alloys Co
*
19,700 General Aviation Corp com *
100 General Capital Corp com..*

200

6,000
7,300

7
3 5*

954
154
Sale

654

7

•

1

654
85*
25* Sale
354 Sale

754 Mar. 26

1" f

75* Sale
754
85*
25*
654
3-16
54

35* Mar. 14
15* Jan. 11

2

2

6

754 Mar.
15* Mar.

2

8
854
154
2
35* Sale

6

Jan.

Mar. 24

Mar.

Mar. 24

15* Mar.

5* Jan.
1

6

80 French Line Amer shares

SO

17

Feb.

2

Mar. 14

25* Mar. 11
5* Mar. 1

754 Mar, 2
754 Mar. 24

8

Mar. 10
Mar. 15

15* Mar.

754 Mar. 26
5* Jan.
5

Mar.

25* Mar. 30
35* Mar. ~

3

85*
25*
354
25 xl55*

Jan.

5

3:155* Jan.

26

Jan.

754 Mar.
15* Mar.

2

Jan.
Mar.
Jan.
Jan.

9
2

20
30
13
25

General Elec Co of Great Brit

4,300

13,200
3,300

American dep receipts

£1
General Empire Corp
——*
300 Gen F1 reproofing com.....*

700

"i~,666

1,000

10,900

51,400

General Leather Co
Gen

_*
*
*

2

5*
9-16

!

7-16 Sale

3

1

12

1

15*

20

2

*

195*

225*
265*

10

Sale

54 Mar. 28
5* Mar. 16

1

5*
1

159,345
18,800

350

1,350

Trading....*

3 5*

Seal Electric Co......*

54

Goldman-Sacns

Gold

Gorham

400

13,300

*
*

Gotham Knltbac Mach

*

854
54
3

790

2,450 Grnymur Corp
*
300 Gray Tel Pay Station com
*
1.510 Gt Atl 8c Pac Tea 1st pref. 10®
2,020
Non-voting common stock *

100

900 Great Northern Paper Co. .25

150

200 Greif (L) 8c Bros Inc com...*
375
7% preferred
100

54

9

50

600

"

Sale
12

11

*

600 Grand Rapids Varnish

""306

25*

95* Sale

Sale

2

754 Mar. 24
654 Feb. 23
54 Mar. 14

Mar.

5* Mar. 14

,1

5* Mar.
Mar.

3
8

12

95* Mar. 31
454 Mar. 1

454 Sale

1
Mar. 30
254 Mar. 17
5* Mar. 18

254 Sale
5*
3-16

3-16 Sale

654 Jan.

9

15

9

Mar.

45* Mar. 16
1

Mar.

4
1

14 5*

85*
11

9
125*

85* Mar.
1

::::: "35*

6

.

15
35

116

1155* sale

138

146

145

147

135

10

20

21

23

18

9554

18
40

9

....

Mar.

8

1

Mar.

2

Sale

254
35*
1554 Sale

16
52
Sale

40

3

12

Sale

Jan.

9
2

75* Jan. 20
5* Mar. 14

28

15* Jan.

14

16

2

Jan.

23

13

65* Jan.

13

Jan.

18

31
30

225* Jan.
454 Jan.

19
4

35* Jan.

2

5-16Jan.

16

9

19

24

954

22

Mar.

2

1554 Mar. 31

17

Mar.

9

Mar. 17

38

Mar. 17

2,300 Grocery Stores Prod v t c. _*
100 Ground Gripper Shoe com..*
$3 preferred

1155* Mar. 1 117
1335* Mar. 31 150
23
Mar. 4 23

Mar. 16
Mar.
4

Mar. 30

1

115

9

Mar. 11

9

14,300 Hachmelster-Llnd Co...——*

100

6

Feb.

9

1

115*

13

5*
54

500 Hall (C M) Lamp Co..
•
100 Hammond Clock com.......*

8

15*
1
10
Sale
Sale

4

15*

1

15*

Mar. 10

1

Mar. 10

954 Jan.
9754 Jan.
125* Jan.

13
7

5

Jan.

7

6

15* Jan.
54 Jan.

26
13

Feb.

3

145* Jan.

22

a

54 Feb.
11
4

Mar. 31
Mar.
1

135* Mar.

1

Mar.

1

4

4

20
13
12

Jan.

U Jan, 13

Sale

Mar.

Jan.

1

8 rh
11

14

23

Jan.

5

Sale
5*

11

Jan.

150

Mar. 11

95

14
9

25

Feb.

118

Jan.

125* Feb. 23

15*
54

Mar.

425* Jan.

1335* Mar.

Mar. 11

Jan.

17

Mar.

17

Jan.

1254 Mar. 11
15* Feb.
8

54 Jan.
45* Jan.
145* Jan.

4

Mar.

98

*

1,500

Feb.

38

Sale

9

85* Jan.
11

1

38
Sale

854 Mar. 2
1254 Mar. 11

225 Grelf Bros Cooperage class A.
50
S7 preferred with warrants*

200

Mar.
Mar.
Jan.
Feb.
Mar.
Jan.

854 Mar.
16

1
Mar. 30
254 Feb.
9
5* Mar. 18

Mar. 30

3

3-16 Mar.

54
7*
65*
2354
9?*
454

4

Inc—

S3 cum pref with warr
900 Gorham Mfg Co com v t c

2,100

Sale
Sale

9

54 Mar. 14

7-16 Sale

2
12
28

'

100 Godchaux Sugars class B—*

100

24,445
1,600

100

11

*

com

pref......

..*
25,673 Glen /tlden Coal Co
6,500 Globe Underwriters Exch..*

•

75*

Theatres Equip lnc
cum conv

400 Gerrard (S A) Co com
200 Gilbert (A C) Co com....
Preferred
400

300

8,400
1,700

$3

Sale

16

854 Mar.

3

Jan.

5

35* Jan.

19

4

14

13

9

13

Jan.

Mar.

Jan.

1

14

Handley-Page Ltd—
100

3,700
100

100

""300
100

2,000

100

pref....
4,300 Happiness Candy St cl A...*
135 Harnischfeger Corp com

Hazeltine Corp
..*
100 Helena Rubinstein common.*

1,100 Heyden Chemical Co

*
400 Hires (Chas E) class A com..*
600 Horn (A C) Co com
•
300
7% 1st preferred
50

6,150

50

50

200

*

com

5*

5*

5*

5*

7% preferred

55*

12

5*
Sale

}

6

1954
15*
45*
26

8

.....101

18,600 Hydro-Elec Secur com
*
8,400 Hygrade Food Prod com....*

200

550 Hygrade Sylvania Corp

100

20

255*
15*

65*

35*

3
50

Sale
Sale

1

3

33

154

1054 Sale
3
35*

300

875

7%

cum

preferred

24

50 Interlake

3

75* Sale
25* Sale
16
2154

Internet Products com.....

Cigar Machinery..
100 (nternat Holding 8c Invest..*

T266
200

9,200

Interstate Equities com....*

Conv preferred
200 Interstate Hosiery Mills

3,300 Irving Air Chute
300

...*

com....

3354
15*

com

*

100

300 Klein (DEmll) Co common..*
600 Klelnert (J B) Rubber com..*

2

54 Sale
15* Sale

6
345*
154

35

154

100

~4 ~ ~6~~
7-16 Sale

1054

11
12

4

"15* "r154
1

2

11

15

35*

4

2754

454
54
105*

Sale
1
1054

7

35*

21

Mar.

8

25

Mar. 26
Mar. 16

854 Mar.
21

Mar. 29
Mar. 29

Mar.

3
8

275* Mar. 8
95
Mar. 16

2

Mar. 30

75* Mar. 31
25* Mar. 17
185* Mar. 28

Mar. 29

115* Mar. 3
354 Mar.
5
185* Mar. 28

8

Mar.

5

15* Mar. 31
Mar. 14

54 Mar. 28
15* Mar. 28
34
Mar.
2
1

Mar. 31

25* Mar.
654 Mar.
14

Mar.

25* Mar.
18?* Mar.
2

Mar.

25* Mar. 16
40

Mar.

8

15* Mar.

5

45*
5* Sale
105*
105*
354 Sale

15* Sale
2

54

5

125*
4

4

3

15*

154

54

15*

245*
154
5*

265*
15*
5*

110 Kress (S H) 8c Co spec pf..l0
400 Kruskal & Kruskal com
*
*

4,700 Lefcourt Realty com
4,100
Preferred
26,000 Lehigh Coal 8c Nav

*

14

1754

17 X4,
II

11

203

1054 Sale

300

8,700

32,400 Louisiana Land 8c Expl com.*

10

40 Ludlow Mfg Associates.....*

354 Mar. 31
5* Mar. 15

4

Mar. 15

% Mar. 15
15* Mar. 1

5

2

Mar. 23

25* Mar. 26

Sale

154

5

Sale
1# 7
175*

35*
4
1254 Sale
11

7

8

6

7

6

35*

454

35*

454

3

454 Mar. 29

100

H

Shovel com..*

100 Maryland Casualty Co

For footnotes see page 54




29

Jan.

13

95

Mar. 16

95

Mar. 16

8

Mar. 29
Jan. 14

9

Mar. 30

2

Mar. 29

15*
33
55*
25*

10

Feb.

10

Jan.
4
Mar. 17
185* Mar. 28
Jan.

7

25* Mar. 2
8
654 Mar.
7'
125* Jan.
15* Mar. 31
8
175* Jan.
54 Mar. 28
15* Mar. 28
29

Jan.

6

Mar. 31

1

Jan.

335* Feb. 11
115* Mar. 3
4

Jan.

11

21

Feb.

13

44

Jan,

25* Mar.
654 Mar.

7
2

14

Mar.

8
5

2

Mar.

2

19 * Feb.
6
Jan.

15
40

Jan.
Mar.

25* Jan.

15

27

30

Jan.

4

2
15
8

19

Jan.

3

49

10

Sale
7

354

5* Sale

54
60

5*
38

54

1

13

Jan.

15
14

29

54 Jan.

29

7

Feb.

23

Jan.

7

1654 Jan.
554 Feb.

7
15

Mar. 30

47

52

3

J* Sale

:

40

35*

"I

154

2

7-16 Jan.

2

Feb.

10

Jan.

5

Mar.

Jan.

5

6

Jan.

5

354 Fob. 26
5* Mar. 15
1
Mar. 17

4

Feb.

16

p

515*

Mar.

1

454 Mar. 29
5

Mar.

1

2

Feb.

3

Jan.

12

2

Jan.

5

Feb.

15

85

Feb.

Feb.

3

15

J an.

4

Jan.

8

25* Mar. 26

45* Feb.
554 Jan.

15
15

13
9
20

1 }* Mar.
10
Mar.

3
9

15* Mar. 30
10

Mar.

9

205* Mar. 31
154 Mar.
9
51 Mar. 28

245* Mar. 9
154 Mar. 9
5* Mar. 28

35* Mar.
1254 Mar.
105* Mar.
65* Mar.
35* Mar.

55* Mar.
175* Mar.

4

Jan.

4

Jan.

20

4

1

Feb.

10

15* Mar. 30

10

Jan.

19

854 Jan. 14
205* Mar. 31
Feb.

1

28
31
19
18
11

Mar. 29

5* Mar. 14
525* Mar. 8

12

1
2

17

5* Mar. 28

'Mar. 30

65* Mar. 18
35* Mar. 14
1054 Mar. 29
5* Mar.
525* Mar.

7
8

35*
1254
954
65*
35*

5*
3454
15*
65*

Mar. 31
Mar. 30
Mar. 23
Mar.
8

5* Mar. 31
36

Mar. 22

15* Mar. 23
65* Mar. 8

Jan.

10

Jan.

10

Feb.

4

295* Feb.
154 Jan.
54 Jan.
3054 Feb.

2
12
4
13

19

Mar. 28
Mar. 31
Feb.
8
Feb.
8
Mar. 11

Feb.

9

185* Feb.
1254 Jan.
754 Feb.

8
15
5

Feb.

8

11

13

6

4

5* Mar. 14
50

Feb.

10

Jan.

5

15*

...

1,000 Marlon Steam

13

4

10

65

4

50

100

7

20

Feb.

285* Feb. 15

105*

56

1
3
2

Mar. 17

15* Sale

1X
54

*
900 Lerner Stores Corp com....*
400 Llbby McNeil Ac Libby
10
2,400 Lindsay Light Co common.10

100

Jan.

154 Jan.

21

6

105* Mar.

5

Sale

S

454 Mar.
7* Mar.
1154 Mar.

7

454

5

Mar. 30
7-16 Mar.
3
3

1

Sale

22

25

Mangel Stores Corp—
6^% pref with com pur w_*
1,000 Manning Bowman Ac Co cl A.*
2,400 Mapes Cons Mfg Co
•

7

4

165!

15*

454

7

Secur

Jan.

5

154 Jan. 20
354 Feb. 20
25
Mar. 26!

85
13

25*

15
45*

*

300

21

Jan.

75* Jan. 26
54 Feb. 29
85* Feb. 24

Jan.

8

*

American shares

400 Land Co of Florida
250 Landers Frary & Clark

300

10

2

"3

8

35*

5

300

100

Feb.

h Feb. 29
65* Jan. 26

25

4

800 Lakey Foundry & Mach

1,800
3,200

Sale
Sale

1

Vs

*

5,700 Lackawanna

5

30

Knott Corp common

200

2", 100

36

""A "2

200 Kobacker Stores com...
Kolster Brandes Ltd—

2~,166

Mar. 31

Jan.

30

6

$3 Convertible pref.....
*
10 Jones & Laughlin com
100

7 ,o00

30
2

2854
15*

35*

Jonas&Naumburg Corp—

5,500

254

•

300

1,300

20

*

200

200

6

18
Sale

9

Warrants

9,400 Johnson Motor Co

15* Sale

Sale

6

1

100 IUternat Proprietaries A
*
500 Internat Safety Razor cl B.*

8,700
7,800

Mar. 31

27

(nternat

1,200

4,000
2,100

6

14
Sale

Steamship

1,100

300

4

44

100

34,128 Insull Utility Investment
*
3,000
J6 2d pref with warrants.*
7,100 (nsur Co of North Amer
10
19,500 Insurance Securities Co
10

5

25* Mar.
654 Mar.

1,200 Imp Tob of Gt Brit 8c Irel—£1
1,900 Industrial Finance v t c
10

4,600
2,400
2,600
10,900

Jan.

49

100 Imperial Tobacco Co of Can.5

100

4

8
1

36

20

100

15* Mar. 29
5* Jan. 11

Mar. 24

95

255* Sale

100 Illuminating Shares A stock *
Imperial Chem Industries—
100
Am dep rets ord reg

1,900

15* Mar. 29
5* Jan. 28

4

754 Mar. 10

3054
15*
40
2754

100

7% preferred...

15* Mar. 29
5* Mar. 3

Mar. 24

54

5*

Houdallle Hershey Corp—
Conv preferred class A....*

5,100 Huyler's Co of Del com.....*
600

8", 900
2,300

Horn 8c Hardart

15* Mar. 29
5* Mar. 4
4

5-16

*

6,250

200

5,000

Am dep rets partic

-4

5* Mar. 31
54
345I

Mar. 30
54 Jan.

65* Mar.

Jan.
Jan.
5* Jan.

525* Mar.

5

Jan.

15* Jan.
43

Feb.

15* Feb.
65* Mar.

7

20
13

8

NEW

EXCHANGE

CURB

YORK

PRICES IN

rnzs.

NEW YORK

Jan. 2

1932.

1.

Bid.

Par

INDUS. At MISC. (Con.)

;s.

RANGE SINCE JAN. 1.

MARCH.

Price

CURB EXCHANGE

e

March 1.

Ask.

Lowest.

Highest.

Lowest.

Highest.

Sale Prices.

Sale Prices.

Sale Prices.

Sale Prices.

March 31.
Ask.

Ask. Bid.

Bid.

3 Ys Feb.

16
2

3ft Jan.

24

Mar. 29

26

Mar. 16

24

Mar. 29

28% Jan.

18

Mar. 17

18

Mar. 17

18

Mar. 17

18

2% Mar,. 3
4% Feb. 10
5
43% Jan.

4

200 Massey-Harria Co Ltd com—*

*
.100 Mavis Bottling Co of Am
>,300 Mayflower Associates Inc...*
May Hosiery Mills Inc—
$4 pref with warrants
_*
200
800 McCord Radiator Ik Mfgvo i.
400 VIcGraw Electric Co
,000 Mead Johnson Ac Co com..

,522

ft Sale
25
29%

18

*

*

44
15

100 Merch & Mfrs Sec com A

*

48
23
5

ft Mar.

1

ft Mar.

2ft Mar.

3

2X Mar.

4 ft

3

55

51X

30

53
12

% Jan.

2

3

10

1 ft

Metal & Mining Shares com.

Ys
3-16

,500 Metropolitan Chain Stores..*
*
200 Met 5 to 50c Stores com B

57
39%

Mar. 22

52

Mar.

61

4

3X

lft

8

5

2

Jan.

X Mar. 19
Ys Mar. 29

Feb.

X

Ys

Ys Mar.

5

Ys Mar.

36

5

7
8

8
27

Jan.

%
I Mar. 29 3-16
Ys Jan. 11
%
Ys Mar.
5
ft

4

4

2% Feb.

i Mar. 19

5-16 Mar. 15

3-16 Mar.

Mar.
Jan.
Jan.

15

8

25

Ys

X
Sale

Feb.
Jan.

14

Mar. 17
Jan. 11
Jan. 14

5

10

sx

19

ft Jan. 16

„

5

*
,200 Merrltt Chapman & Scott
6 %% preferred
300
100
,000 Mesabi Iron

700

20

2 ft

4%

ft Sale
24
27 ft

*

100

Mercantile Stores Co

ft Sale
26
27%

Jan.

18

Feb.

25

Jan.

7

Mar.

5

Midland Steel Product—

300

$2

dlv stock

4

9

25

non cum

45

*

400 Midland United Co common.*

200,

VUdvaleCo

500 Miller (I) Ac Sons

com
*
700 Minneap-Honeywell Reg pref
700 Miss River Fuel Corp warr.
410 Montgomery Ward & Co A..*
700, Moody's Invest Service pref.*
100 Moore Drop Forgings cl A
*

634 Morison Elec Supply com

2

2%
61%

60

68 X

30
2

70

Sale'

10

6

10

6

13

12

15

12

1

10

10

1

*

IK

Y2

7ft
15
5

1 ft Mar.

1

,600

Corp
Nat ContalnerCorp—
$2 convertible pref

*

Common

100

3 Ys

19% Sale

20

9
94

_..*

100

National Food Prod cl B

,800 National Investors

a

lYs

Sale

9

98

%

*

15

1

3 Ys

IX
Sale

20%

21X

1

3^ Mar.

Sale

...

A

"~2% "T
15%

National Service Cos com

18

i

2V,

'2»

I

*

IK

Sale

IK

lft Mar. 10
Mar. 28

20

"lft ~~5~
25

IX
20

12

Mar. 11

5

Jan.

20

6

Mar. 11

Mar. 10

70

7

72

Mar. 16

1% Mar. 15

Mar. 16

.000 National Union Radio com.*

X

1

ft

200 Nauhelm Pharmacies pref--*

X
IK

4
3

M

.....

8 Ys

5K

2ft
1 ft
2ft
14 X

Sale
Sale
3
21

100

Preferred

2

15

18

17

*

com

19
87

100

800 New Haven Clock Co

lft Sale

Feb.

18

2

9

3

Jan.

Jan.
Jan.

9

Jan.

2

5%
lft
3 ft
3%

7

13

13

4

1

Mar.

8

2% Jan.
1% Feb.

10

Jan.

4

Mar. 10

22% Mar.

2

2% Mar.

2

Mar.
Mar.

9
3

1

2

Mar.

9 100

15% Mar. 24

1

2ft Mar. 10
1% Mar. 26
3% Mar. 10
17
Mar. 10

com

•

,800 New Mexico Ac Arts Land

1

19

22

2

7

18*
B*

21X

20% Mar.

22
Ys

ft

4

Mar.

5

1

X Mar. 21

3

Mar. 18

2

2%

2

Mar.~l8

23

1% Mar.

4

% Mar. 21
2% Mar. 9
22% Mar. 21

Ys Jan.
2% Jan.

X Jan.
1

Mar.

Jan.

2% Jan.
ft Jan.
% Jan.

22

Feb.

8

2

22% Mar. 21
3
Mar. 23

Mar. 23

3

Mar. 23

Mar. 11
Mar. 30

7
1

Mar. 11
Mar. 30

16% Mar. 23
79
Mar.
1
1% Mar. 12
% Mar. 1
4
Mar. 30

17

Mar. 22

79

Mar.

79

Jan.

2%
10%
1%
23%
2%
1%

Feb.

20

Jan.
2
Jan.
4
Feb. 19
Mar. 10
14

34
Feb. 29
13-16 Jan. 21

Feb.

8% Mar.

1

Jan.
Mar.
Jan.
Jan.
Jan.
Fod.

22
22
12
5
19
2

X Mar. 21
2% Mar. 9
22% Mar. 21

t

Feb.

7

18
15

20
Sale
Sale

ft

ft

5

~2X"3X

10

1

1% Mar. 12
ft Mar. 2

7

Mar. 11

Jan.

1

Jan.

15

Jan.

15
4

Jan.

18

20

Sale

18

15% Jan.

7

4X

X
3%
1%
3%

11-16 Jan.
2
Feb.

3

6%

Jan.
2
Feb. 29

9

LOO

2

4

5% Feb. 29

Jan.

15

3

4^

78 7*

10% Mar. 22

11

22
Feb. 11
Feb.
1
Feb. 16

23% Feb. 19

Jan.

1

IX

2

95

9

5%
;•

1

n

,500

New Process Co common
,.*
478 N Y Auction class A com...*
300 New York Hamburg Corp..50

% Mar. 1 11-16 Mar. 24
1
Mar. 14
lft Mar. 24

4

2X

6
12

K

15

Mar. 10
Jan. 14
Jan. 13
Feb.
5

26

Jan.

9

Mar.

98

22% Mar. 21
11

2% Jan.

71% Mar. 14

Mar.

17

...

100

5
700 Neptune Meter class A
*
400 Nestle Le Mur Co cl A
_.*
200 New Amsterdam Casualty. 10

,500 Newberry (J J) Co

Mar.

5% Jan.
13
1

5

7

3

6

1

Mar. 11

31

Jan.

5% Feb.

8% Mar.
23 %

5

62

34

Nat Short Term Sec A......*

Neht Corp com.
225 Neisner Bros pref
500 Nelson (Herman) Corp

Mar.

Mar. 14

9

5

Sale

150 Nat Steel Car Corp Ltd
*
900 Nat Steel Corp warrants....
,100 National Sugar Refg
*
100 National Tile Co common
*

700

1

26% Mar. 28
1% Mar. 21

50 Nat Secur Invest 6% pref. 100

,000
,900

8% Feb. 18
lft Mar. 18

5% Mar. 26

Mar. 21

1

1

3

Warrants
,700
,800 Nat Rubber Mach com
,600 National Screen Service...

17
Sale

Sale

*

com

22 ft

5

*

725 Nat Dairy Prod pref A

,800!

ft Sale

*

Nat l Bond & Share

too

1

Sale

2

*

Mar. 11

Mar. 16
Mar. 15

5

American Co.

Aviation Corp
500 Natl Bancservtce Corp.

lft Mar. 18
31

3

700 Nachraan-Springfllled Corp.*

,200 National
,400 National

Mar. 14

6

1% Feb.

5
10

400 Mtge Bank of Colom Am shs.

5X Mar. 26
1
Mar. 5
26 X Mar. 28
IX Mar. 21
68
Mar. 3
5X Mar. 4
70
Mar. 7
6 ft Mar. 28

Jan.

22

16% Feb.

15

Feb.

27

Mar.

1

79% Feb.

3

1% Feb.
% Mar.

9
1

Jan.

20

ft Jan.
4% Jan.

9
19

4

Mars 30

3

Jan.

12

2% Mar. 17
7% Mar. 10

3

Mar.

1% Jan.
6% Feb.

4
18

2% Mar. 15
1% Mar. 31
7
Mar. 28

4% Mar.

1

Mar.

1

8

7% Mar. 18

2

8

Mar.

3

7% Mar. 18

N Y Shipbuilding Co

,400
Founders shares.
,962 Niagara Share Corp (Md)_.10
,900 Niles-Bement-Pond com....*

2

"

2*4

2X

3
Sale

2

Sale

3

«

'7 ft "7 ft

6ft

3K

7K

~3~*"3X

2ft Sale

7

3

7% Mar. 17

Jan.
5
1% Mar. 31
6% Jan. 28

5% Feb. 26
3% Jan. 13
8% Jan.
7

% Jan.
4
2% Mar. 30
12

3% Jan.

2

Nitrate Corp of Chile

,100
,800
,300

(Cosach) Ctfs for ord b

shs

Noma Elec Corp com
Nordon Corp Ltd com

500 Northam Warren Corp pref.*

,400

North Ac South Amer

% Mar. 5
2% Mar. 30

5-16 Mar. 10

1-16 Mar.

*

5
33

26

IK

Corp A*

400 Northwest Engineering
-„*
,200 Novadel Agene com.........*

5

36

2X
6K
41 Ys

29 X

lft
6

38
2 ft
8

34

Sale

29 ft
1

37
2X

4

34

4
4

37% Mar.

8

37% Mar.

8

Mar.

1

35

Mar.

9

11% Mar.

1

7% Mar. 17

Mar. 23

Jan..12
ft Jan. 13
2
Jan.
6
% Feb. 11

34

7% Mar. 17

11X Sale

700 Ohio Brass class B.........

1-16 Mar.

3

Mar.

8

33

1

1-16 Jan.

27% Jan. !
1% Jan. !
5% Jan. !
31
Feb.

12
8

% Jan.

15
37% Mar. 8
1% Feb. 17
6% Jan.
9
36
Jan. 15
% Jan.

16

13% Jan.

Ollstocks Ltd—

700

Class A without

IH

*

warr

800 Outboard Motors cl B com..*

,300
Class A conv pref
,577 Overseas Securities Co

*

2H

*

,100 Pan American Airways.....*!
,200 Paramount Motors Corp..
*,
,900 Parke Davis fir Co
*
,250 Parker Rust-Proof com
*
175 Patterson Sargent Co com—*
50 Pender (D) Groc Co cl A
500
Class B

,168
400
240
300

,500
600

15 ft

4%
45

18

15

*

3 K
2X

Pennroad Corp com v t c

.....

6
Sale

2%

14

5
Sale

15
Mar. 4
4% Mar. 28
17% Mar. 2

Sale

40

16 ft

4ft
17 ft
40

Corp....*

10* 14*

*

Conv preferred A

Partic

Propper
600

-

McCallum

16% Mar.

7

Mar.

3

6

18% Mar. 16
55
Mar.
7

12% Jan.
3% Jan.
17% Mar.
34% Feb.
16% Jan.
3

7%
2X

Sale

2% Mar. 31

3% Mar.

2

com

Cumulative

16% Mar.

ll"
6

Jan.
31% Jan.

90

85

lft Sale

lft Sale

14%
16%
X Sale
10%

10

14%

36% Mar. 7
83% Mar. 30
1% Mar. 31
4
Mar. 14

36% Mar. 22
85
Mar.
8
2% Mar. 2
4% Mar. 10

Q7^

% Mar.

1

Mar.

3

ft Mar. 21
10% Mar. 9

10%

Mar.

4

15% Jan.

16%

11-16 Sale

10.

4l.

83% Mar. 30
1% Jan.

10

38

32

42

3
2Vs
2X
49

15

5
19

22

18% Sale
% Sale
5%
16%
16%
20

13

29

Jan.
Jan.

22
15

Jan.

90

25

Feb.

11

2% Mar. 2
4% Mar. 10
8
15% Jan.
20
9

Feb.

16

Feb.
Jan.

15
4

Jan.

14

1

3

1

Mar. 28

1% Mar. 10

1

Mar.

1%
2%

lft
2%

2

Mar. 28

3

2

2

Mar.

3% Mar.

9

2

Jan.

42%
1%
3%
3%

Mar.

7
3

33

Jan.

47% Jan.

42

Sale

2% Mar.

7

Mar. 31

42

46

Mar.

'"% ""%
16

30

Mar.

3

17

Mar.

3

4

12% Mar.

4

12% Mar.

18% Mar.
% Mar.
17

1
1

19% Mar.
% Mar.

1

Mar.

9

20
19% Mar. 3
1% Jan. 20
16% Feb. 11
19
Jan.
5

Jan.
% Mar.
16% Feb.
17
Mar.

12% Mar.

....

.

19

Jan.

46% Feb.
lYs
2X
2X

7

Feb.
Jan.

10 ft Mar.

Jan.
Feb.

5

13

36% Mar. 22

1-16 Jan.
10

13

Jan.
s

2% Jan.

12
13

Mar.
7
55
18% Jan. 13

1.5

Jan.
Jan.

17

4

12% Mar.

1% Feb.

1

Jan.

6

lft
5%
65%
ft

Hosiery

Co

without

war

2
5 K Sale
X

60

*

64%
K Sale

lYs
2ft
5X Sale
62%
64%
%
%

X
4

59

2%
4%
65

ft Sale

.

preferred....*

It

70 Quaker Oats com..
20
6% preferred
Radio Products

*

*

100 Reliance Bronze & Steel

>,400 Reliance Internat com
900
Class B........

S,900 Reliance Management

A

Mar. 14 102

102

2

1

ft
IX
14

IX

lft Sale
1
IX

2%
ft

3X Sale

14 ft

18
3ft

16%
Ys
1

Sale

._*

1

Sale
1

2X
18

*

*

3-32 Mar. 24

3
Mar. 14

103% Mar. 17 103% Mar. 17

Corp com..*

com

3

Mar. 28

4

1-16 Mar.

2X

*

300 Ry Ac Utility Inv Corp cl A.10
.,000 Raytheon Mfg, com v t c
*
300 Reeves (Daniel) com
*
400 Reliable Stores

2ft

100

com

Railroad Shares

2X

62% Mar. 28
ft Mar.
9
<
1% Mar. 19

1% Mar. 17
5% Mar. 3
65% Mar. 7
% Mar. 2
2% Mar. 2

1% Mar. 17

ft
lft

Ys
X
ft Sale

4

5
59% Jan.
5
Vs Jan.
1% Mar. 19

"I"

20%
3%
1
Sale
Sale

1%
ft
%
1%
18

Mar.
1
Mar. 29
Mar. 30
Mar. 14
Mar.

8

2% Mar. 22
1

Mar.

1-16 Jan.

2

2% Jan.

1-16 Sale

Warrants

300 Pyrene Mfg

54.

3

15

*

Pub Util Holdg

*

Mar.

Jan.
ft FeD.
2% Jan.
1
Mar.
1

Inc—
stock

conv

._*
1,900 Prudential Investors com—*
.150
$6 preferred...
...*
Mill

1

...—100

Pitts Ac Lake Erie RR
50
.500 Pittsburgh Plate Glass com 25
,100 Polymet Mfg Corp com
*
200 Powdrell At Alexander..
..*
300 Pratt Ac Lambert
._.*

Prentice-Hall

Mar. 31

Mar. 17

*

com

,350

100

1

7

2

1

37

,500 Pitney Bowes Postage Meter*




% Mar.

ft Mar.

7

Mar. 17

2

20
Sale

3

800 Pierce Governor Co
—*
,100 Pilot Radio A: Tube class A.*

1,700
.,300

Sale

14 ft

IX
19

10

25

Class A
•'hoenix Securities

100 Pie Bakeries Inc
200
7% preferred

>,600
,900
>,300

5X

2ft

1

75
90

IK

Sale

ft Mar.

ft

Ys
2

...

150

,400
,700

n uzi

__*

*
Pennsylvania Salt Mfg
50
Pepperell Mfg Co..
100
Pet Milk 7% pref
100
Philip Mor's Cons Inc com..*
New...'
10

!*

8.1*
2ft Sale'

Mar. 23

1

27

Jan.

1

ft
%

2

% Mar. 30
1% Mar. 7
18% Mar. 8
Mar. 26

14

Mar

29

Mar

30

Mar

14

Jan.

X

5

Feb.

26

Mar

26

8

2

3-16 Mar. 21

26
24

1% Mar.

1% Mar. 10

.

Mar. 14
6 102
78% Feb.
103% Mar. 17 103% Mar. 17

2

% Mar. 26
ft Mar. 2
Ys Mar. 21
% Mar.
1

4

Feb 15
Feb. 15
Mar. 7
Jan. 16
6
Jan. 12
3-32 Jan.
5
2% Jan. 27

Jan.
1% Jan.
1
Jan.
1% Jan.
18% Mar.
3% Jan.
% Mar.
1% Jan.
3-16 Mar.
1% Feb.
3

22
14
11
27
8
2

26
14
21
5

NEW
AGGREGATE SALES.

PRICES

NEW TORE
CURB EXCHANGE

In

Since

March.

Shares.

Jan. 2

500

Bid.

Ask.

Bid.

34 Jan.
X Jan.

18

1-16 Jan.

4

21X Mar. 30

27X Mar.

100

*

700

•

A
IX

800

900 Rlke-Kumler Co

*

12 A

11,100 Roosevelt Field Inc
7,600 Russia Internet Corp
200 Royal Typewriter com..

*

134
X

1,200 Ruberold Co
300 Russelcs Fifth Ave Inc..

Bros Co

7% preferred
com..

*
100

9

1,075 Safety Car Heating Ac Ltg.100
105,000 St Regis Paper Co
10
*
1,100 Schiff Co com

30

....

Seaboard

700

300

600 Setberling Rubber com
1,100 Selby Shoe Co com
42.600 Selected Industries com

1,000
15,300
4,300

•
*

13,500
Allot certifs full paid.....
2,250
prior stock
*
25,400 Sentry Safety Control..
*

500

3,100

400 Seton Leather com
500 Sheaffer (W A) Pen com
8,455 Shenandoah Corp com

"""400
2,000
5,600

134

30 A

1,250

3,990 Smith (A O) Corp

20

100
£1

Sale

m
1A Sale
Sale

"~X ~"~X

(L C)

16,400
6,200

OX
4Vs
25A
IX
2A
9X
38

118""

20

X

200

400

(The) Corp

9,600
2,900

i~ioo

1

Mar. 22

1034 Mar.
27

5

10

36

41

X
X

IX

*

2

Mar. 17
Mar. 10

IX Mar.
4534 Mar.
42

9

9

Mar. 17

7-16 Mar.

4

18

2134 Jan. 22 \

334 Jan.
13
Feb.
134 Jan.

4
11
26

534 Feb. 19
1634 Jan. 29
1 34 Jan. 26

Mar. 30

1834 Mar. 30
134 Jan. 25

18?t

Mar. 26

OX Jan.
434 Mar.
25

11*
2

134 Feb.
234 Mar.

4

Feb.

9

Jan.

19

Jan.

2

Jan.
Jan.
Jan.

29

Jan.

14
12

26

Mar. 10

10

34 Jan.
2834 Jan.

134 Jan. 14
4534 Mar. 9

30

42

Jan.

Mar. 17

Jan.

1

"5-16 Mar.

1834
134
12 34
3234

Mar. 17
Mar.
1

2

Jan.

3

Feb.

19

16

Mar

20

; Jan.

20

2

Jan.

11

Mar.

1

Mar.

9

8

Mar.

1

27

1234 Mar.
3434 Jan.

Jan.

Mar.

X Mar. 22

Mar.

1

1

Jan.

100

3-16 Jan.

134 Jan.

X Mar.

Trans-Lux

934 Mar. 14
1 132
Mar.
9

9

6
19
18
15

Mar.

4

134 Mar. 26

30 34 Mar. 26

"4034 Mar.""2

134 Mar.

934 Mar. 14
734 Mar. 22
Jan. 11
11534 Feb.
6 134

134 Mar. 26
534 J*an.
9
3034 Mar. 26

Jan.

2

534 Jan.
59

Jan.

3

14

8
14

"1A

IX Sale

-*

Pict

5

134 Jan.

22

4

Jan.

15

134 Mar.

5

Jan.
Jan.

"'X ""A

X

Vs

A

2A

2

8

Mar. 29

1

X
X

Sale
2
10

28

10

6

Mar.

A Sale
IX Sale

3

34 Mar. 22

Sale

34 Mar. 23
134 Mar. 24

Mar. 11

30

934 Mar.
X Mar.

7

21

Jan.

5 34 J an.

5
34 Mar. 22

4

34 Mar. 15
234 Mar. 15

13

34 Mar. 23
134 Mar. 24

6

6

5

Mar. 21

6

Mar. 21

6

Mar. 21

Mar. 23
X Mar. 19

80

Mar. 23

80

Mar. 23

134 Mar.

8

Mar. 19

7 Jan.
7
X Jan. 23
34 Feb.
1
5
Mar. 30
8

1

2

9

10

334
1134

7X
3X
5
12 X Sale
1
2A
22 X
23 A

434
Sale

154
2434

1

22

5

Sale

3

5X
Sale

12 X

Mar. 30
Mar. 29

5

3

1034 Mar. 11
134 Mar. 4
2334 Mar. 2
Mar. 15
Mar. 26

2

18

Sale

2054
234

Sale

17 X

23 A

2X

334 Sale
34
54
234
154
21

1

Sale
2134 Sale
2X
2A

Sale

X
.IX

Sale

16

Sale
3

3

3

Sale
2A

IX

Sale

2

3

2

29

20

24

17

2134 Mar. 24
2A Mar. 15
234 Mar. 29
7-16 Mar. 22
134 Mar. 21

Mar.

7

334
12J4
134
2334

5

Mar. 29
Mar. 1
Mar. 12
Mar. 2
Mar. 15

2

Mar. 19

23

X Sale

3

Feb.

20
2

9

Mar. 15

3

1634 Feb.

10

Mar.

54 Jan.
34 Jan.
30

11
11

Mar. 11

954 Mar.
34 Feb.

7
4

2
21
11
80
Mar. 23
134 Mar. 8
834 Jan. 29
34 Jan.
234 Jan.
834 Jan.

Jan.

15

34 Jan.

20

Feb.

15

434 Jan.
1334 Jan.
234 Jan.

5
19
19

Jan.

18

1

9

24

2
Mar. 15
1834 Jan.
8
26
Mar. 2

3

18

Feb.

10

234 Mar. 15

2

Feb.

8

3

Jan.

6

334 Mar.
34 Mar.
234 Mar.

2

Feb.

8

4

Feb.

13

26

8
1
3

7-16 Mar. 22

IX Feb.
134 Feb.

34 Feb. 25

10
4

334 Jan.

28

4

Mar.

2

19

34 Mar.

8

2

7-16 Mar. 21

24

7-16 Mar. 21

34 Mar. 26
934 Mar. 17
1434 Mar. 26
234 Mar. 29

934 Mar. 17
1834 Mar. 2
234 Mar. 5

Jan.

Jan;
Mar.

13
2
2

2

34 Mar. 8
34 Jan. 11

834 Jan. 22
1434 Mar. 26
234 Feb.
9

934 Mar. 17
1814 Mar. 2
334 Jan.
8

9-16 Mar. 12

X Sale

Mar. 29

1034 Mar. 11
134 Jan. 12

1834 Mar.

3

23

£

Mar. 10

34 Mar. 10

X
7

134 Mar. 5
34 Jan. 28

34 Feb.
9
34 Jan. 30
Mar. 23

25

80

*
w

Mar. 29

1

8

X

Feb.

19
30

2

X
X
Sale

X
X

X
X

X

2

com..

X Jan.

Ltd

5A
1534
2X

15
18
2A

8X
17

2X

9
19A
2X

18 A

14

2X

2A

Screen

19,400
Class A common
*
9,500 Trl-Contlnental Corp Warr_.
19,400 Trl-Utlllties Corp com..
*

4,300
3,400

Mar.

4

Feb.

34 Jan.

25 X

X
IX

Tobacco Secur Trust Co

1.600

4

5

2X

IX
X

8A

300
Am dep rets ord reg shs..£l
1,400 Todd Shipyards Corp.
*
4,300 T r a n scon tl nen tal Air Transp*

100

500

2

Mar. 22

124

Sale
5
7X
30X 36

100

2,200 TobaccoAt Allied Stocks
2,200 Tobacco Prod Exports
100,800 Tobacco Prod of Del new

1,700
45,500

934 Feb.

134 Jan.

•

300 Tenn Products Corp

"

Mar.

Feb. 25
Jan. 16

38
3

Jan.

2

•
..50

com

4,500 Taggart Corp com
•
11,900 Tastyeast Inc class A--—13,200 Technicolor Inc common—•

900

3

Mar. 22

Sale

Sale

124

125

4X

*

2,400 Strauss-Roth Stores com..
700 Stromb-Carlson Tel Mfg
*
745 Stroock (S) Ac Co
*
16,200 Stutz Motor Car Co.—
*
3,400 Sun Investing Co com
*
2,200
$3 conv pref
*
200 Super Maid Corp
*
45,373 Swift & Co
..25
32,200 Swift International
15
2,200 Syrac Wash Mach B com
*

300

Mai. 31

16

X
Vs
11X Sale
29A Sale

Sale

IX

7
Sale

5
40

600 Stinnes (Hugo) Corp

13,400
14,100

3

734 Mar. 5
534 Mar. 16

15
30
Mar. 9

5-16 Mar. 22

com
*
75 Stetson (John B) Co com...*

400

28
30
26

Mar.

1

Mar.
Mar.
Mar.
Mar.
Mar.

1834 Mar. 30
134 Mar. 3

7X Mar. 22

*

*>% cum pref
500 Stein (A)Ac Co com
50
6 34% cum pref
900 Stein Cosmetics Co

6,000
800

36

25
28
17
6
12
30

Ac Corona

8,300
3,000

"""300

Jan.

Jan.
Mar.
Jan.

3-16 Jan.

1A

*

11,700 Standard Mot Constr..

100

.

Vs Mar. 26

Feb.
Jan.
Mar.
Jan.
Jan.
Mar.

2

IX

com

5,600

50

1A Sale
1034
10 A
Sale

2
Sale

dep rets ord reg shs

Starrett

6A

A* A

15

30

19

2

18
5

X
234
£1334
134
34
834

Mar.
Jan.
Feb.

9934 Jan.

Spanish Ac General Corp Ltd
900
Am dep rets ord bearer shs.
Am dep rets ord reg shs
1,100
900 Spiegel. May At Stern eh Pf 100
950 Standard Invest
pref..*

900

7-16
6

32 A

*
12# lire
500 Snider Packing new w i._
11,200 Southern Corp com...
*
200 Southwest Dairy Prod com.*

200

Sale

38

25

1,450
Typewriter v t c
10,900 Snla Vlscosa Ltd

350

X

*

450 Sis to Financial Corp

400

IX

X
2X

534 Mar.

100

Singer Mfg Ltd

2,200

3,700

3X Mar. 29

4

34 Jan. 26
134 Mar. 7
3-16 Jan.
28
Feb.

Boardman

1,000

Smith

3% Sale
1854

3934 Mar.

134

Am

Sale
9
28X
1A Sale
3
334

4

Mar. 2

34
134
1234
134
34
734
3334

934 Feb.

IX

534

Sale

31
31
17
1
7
30

12

15

Sale

*

Pub Co conv pref
1,200
3,560 Singer Mfg.

800
510

Sale

Sale

1

Mar.
Mars
Mar.
Mar.
Mar.
Mar.

18

27

29

"3 A "I"

8A

Simmons

31
34
31
134
26 #1334
1
134
29
Vs
31
834
Mar.
2 38

6

2134 Mar. 30

3

6A

Sale

2

100 Signature Hosiery com vtc--*
5,600 Silica Gel Corp com v t C
*

1,900

36

36

X

Sale

10

25 A

*

Preferred, series A A

35

Mar.
Mar.
Mar.
Mar.
Mar.
Mar.

18 34 Mar

*

220

IX Sale
A
X
7 A Sale

A
IX
12A
IX
X
7A

2

35

1

8,400
6% con* preference
50
1,250 Sherwin-Williams Co com..25

650

15

X Mar.
134 Mar.

5

10

7

1,500 Securities Corp Gen'l com..*
3,100 Seentan Bros common..
*
17,100 Segal Lock Ac Hardware com *

1,300
6,000

A

A Sale
1A Sale
10

X Mar. 17

1134

454

334 Sale
1334
20
1
lVs
1

Utll bhaieti, com.

Securities Allied Corp—
23,600
Non voting stock...

8,600

Sale;

2

100 Schulte Real Estate Co
*
50 Scovllle Mfg Co
___25

5,000

IX
4
15

40

35

X Sale

IX

*

100 Ryerson (Jos T) & Son Inc..*

50

Highest.
Sale Prices

1
7

300

1,900

Prices.

3-16 Mar. 21

Richmond Radiator
200
Common

31,800

Lowest.
Sale Prices.

Highest.
Sale

X Mar. 23
3-16 Mar. 21

%
X

X

a

Sale

550 Rich man

500

Lowest.
Sale Prices.

*

com

300

200

Ask
Ask. Bid.
5-16 Sale
Sale

♦

20,500 Reynolds Investing

3,700
4,700

March 31.

March 1.

1932.

INDUS. Ac MISC. (Ctoi.) Par
52,800 Republic Gaa Co
*
15,300 Reybara Co., Inc...
...10

4,500
6,100

RANGE SINCE JAN. 1.

IN MARCH.

Price

Jan. 1.

Shares.

45

EXCHANGE

CUES

YORK

1A Sale
3-16

2X

IX Sale

134 Mar. 14
15-16 Mar. 24

Sale

134 Jan.

234 Mar.
134 Mar.

2

2 34 Jan.

13-16 Jan.

4

34 Jan.

2A
1

7

134 Feb.
34 Jan.

23

~"~34

14
15
15

Triplex Safety Glass Ltd—

2,600

600

Am rets for ord. shs. reg..
Tubize Chatillon Corp—
Common B v t c
23,600
_.._*

11,500
1,200
1,900

5A

Sale

5,600 Tung Sol Lamp Wks com...*
2,300
$3 cum conv pre#
*

6A

100 Union Araer Invest

100

11,000

1,700

Union Tobacco Co

19

24

3,000

1,400

United Carr Fastener com..*

8A

2,500
$3 cum partic pref.._...._*
4,200 United Dry Docks com
._*
231,100 United Founders Corp com.*
300 United Milk Prod com
375
7% Cumul preferred

"'"300

2X
11

4

3

12

Va

3A

Sale
2
15

13 A

Sale

1 Vs

■

*

100

Mar. 10

22

19

Mar. 26

A
10

*8
IX
X
12

Sale

IX Sale

134 Mar. 31

11X Sale
X
Vs
IX Sale
X
IX
a

a

Sale
1A

634 Mar. 10
534 Mar.
634 Mar.

2

16

Jan.

22

Mar. 9
9
Mar. 29
3-16 Mar. 11

19

Feb. 24

24

9

Mar. 29

2

Mar. 12

1

3

Mar. 14

134 Mar. 31

Mar.

1134 Mar. 31
34 Mar. 14
134 Mar. 31

1634 Mar. 10
34 Mar. 2

Mar. 16

1034 Mar. 16

10

15

7
5

21

1

United Chemicals Inc......*

1,700
1,400
100,800

134 Feb.
334 Jan.

Mar. 23
9
Mar. 29
34 Mar. 7

*

com

434 Jan.

534 Mar.
634 Mar.

20

22

19

800 United Amer Utilities com..*

600

634 Mar. 10

1
2

6

7

5X

1

Mar.
Mar.

3
18

_*

com

Sale

3

21

1,300 Ungerleider Financial Corp.*

500

534 Mar.

Sale

2

Mar.

1

1-16 Jan.

27

Jan.

12

1134
34
134
34
10

Feb.
Jan.
Mar.
Jan.

15
18
31
26

Mar. 16

Mar.

7
5
2

13
9
Mar. 29
3-16 Jan. 26
Jan.

Mar. 12

2

334 Jan.

19

1634 Mar. 10
X Jan.
2
8
234 Jan.
1
Jan. 16
Feb.

12

9

United Molasses Co Ltd—

300

200

50
200

Shoe Mach

25

com

com

vtc.*

2,900 U S Dairy Prod class A
750 U S Finishing

>

common..

..*

...»
*

4,500 United States Foil class B..*
7,350 U S At Internat Sec com....*
1st preferred:! with warr
*
12,350
2,700 U S Lines Inc pref
*
10
2,400 U S Playing Card com
700 U S Shares Financial.......*
100 Universal Insurance Co
20
500 Universal Pictures.....
.*

1,600
2,800

9,000 Utility Equities com
._*
2,050
Priority Stock..
7,700 Utility At Ind Corp com.....*
Preferred...
*
13,100

6,100
800}

21,200 Van Camp Pack
2,4001 7% pref

500

For (OctDOtflK

•«*» page

54.




7

134 Mar.

9

134 Jan.
10

10

800 United Wall Paper..

500

T.eoo

Preferred

12,000 United Stores Corp

100

700
300
50

134 Mar.

United Porto Rican Sugar
Conv partic pref

1,300 United

1,000
2,100

1,700
1,400
5,400
1,400

ord reg_.£l

600 Unit Profit Sharing com....

100

200

Am dep rets for

33

38
A

2

IX

Sale

59
2

29

Sale
]

3

19 A

4034
Sale
2
59 X
2A
3X

'20X "2IX
X

18]

18

3954

36

1W

4

154
254

7

IX Sale

1434

Sale

8A

com .......*

Sale

25

Sale

4A

2X
2X Sale
1034
10X

X Sale
1
IX

34 Mar.

134 Jan.

25

6

Jan.

12

3t

Mar.

7

Mar. 14
Mar. 28

22

Mar.

Mar. 14

16

1534 Mar. 29

Vs
1834
34
634

Mar. 5
Mar. 9
Mar. 16
Mar. 28

Sale

18]

IX

Sale
Sale

2
9

A
1

9

1A ""134 "Mar."28 "234 Mar."
49
2

Mar. 14
Mar. 26

9

Mar. 29

34 Mar. 17

Vs
IX

1

Mar. 19

Feb.

59

59

Mar. 28

2
4934 Mar. 14
234 Mar. 2
1034 Mar. 7

134 Mar. 10
134 Mar. 19

2

14
11

3534 Jan.
34 Jan.

Mar. 3
234 Mar. 3
334 Mar. 2
34 Mar. 10

3

Mar.

59
2

1

9

Feb.

10

Jan.

1

2

2

134 Mar.

34 Jan.

Mar. 11

Mar. 11

1

1834

Vs

18X

'4034 Mar. 16

Mar. 11

5934

59

3734 Mar. 30
2

2

34 Mar. 16
634 Mar. 28
3

Mar.

1

5

IX
4
234 Sale

60

4

6A
37 X

l8

Mar.

1

IX

234

Feb.

18

Mar.

134 Jan.
234 Jan.

34
1834
34
1534
34
6

Jan.
Mar.
Jan.
Mar.
Jan.
Jan.

434 Jan.
134 Jan.
42

Jan.

134 Jan.
8

Jan.

34 Mar. 17
1

Mar. 19

4°K
2

Mar. 16
Jan. 14
Mar. 11

Jan.

60

234 Mar.
Jan.
Jan.
Jan.

4

30

Vs Mar.
23

2
3
16

22
2
5

Jan.

16

Jan.

14

634 Mar. 23
5

234
4934
334
1134
2

Jan. 12
Jan. 14
Feb. 19
Feb. 19
Feb. 19

Jan.

2

234 Jan.

7

YORK

NEW

46

EXCHANGE

CURB

Price

NEW YORK

Jan.

CURB EXCHANGE

In

Since

March.

Jan. 1.

Shares.

INDUS. MISC.
Shares.
100 Veeder-Root Inc

100

5,500

2

1932.

15,500

(Concl.)

Par
*

Bid.

March 1.

Ask.

300

i.4oo Waltt 8c Bond Inc class A._*
Class B
1,700
♦
3,900 Walgreen Co com....

...

IS

5

I" 'Yi

....

700

"""266

Sale

Prices.

Lowest.

Highest.

Sale Prices.

Sale Prices.

10k

10

9 k Mar.

4

9

10

3

Mar. 28
Mar. 26
Mar. 11
Mar. 26

9
Ilk Mar.
5
4k Mar. 18
10k Mar. 3

2k Mar. 31

2k
2k
% Sale
1
lk

♦

Convertible preferred
700 Welch Grape Juice
1,200 Western Air Express Corp__10

3k

Sale
k
lk

"I" Mar."7

7k
10k
3k
10

Sale

400

""'250
200
100

100 Western Auto Supply

575

W "37"

38

A *

com

8

Mar.

35

52" "53 k

51k Sale

Mar. 12

7
15
51

Mar.

Mar.
8
Mar. 19

Mar.

8

53k Mar.

30

575 Western Cartridge 6% pref.
Western Maryland Ry—
120
7% 1st pref
100

10

35

7k Mar. 28
10k Mar. 26
2 k Jan. 27

10 k Feb- 19

3k Mar. 12

"%Mar."29

3k

6 k Mar. 24
4k Mar. 30

4k Mar. 30
5
Mar. 14

4k Mar. 18

Sale

11

i?M

6k Mar. 24
3 k Jan.
5
4k Mar. 18

6 k Mar. 24

9

4

5

ig
11

2H

11

Mar.

4k

Warrants

600

Walker (Hiram) Gooderhan
fit Worts common
39,900
5,900 Watson (Jno Warran) Co
1,800 Wayne Pump Co com

11,800

Highest.
Sale Prices.

Lowest.

Ask.

500 Wagner Electric Co com...15

800

March 31.

Ask. Bid.

6k Mar. 24
3J4 Sale
4

300 Vogt Mfg Corp....

Bid.

'

Vick Financial Corp com..10

200

200

RANGE SINCE JAN. 1.

PRICES IN MARCH.

AGGREGATE SALES

Mar.

30

Mar,

12 k Mar.
15
Mar.

28

8

10

5

Ilk Jan. 15
4k Mar. 18
Ilk Jan. 14

Feb.
9-16 Jan.

3
6

lk Feb.

Jan.

5

3k Mar. 12
k Jan.
2

2

k
k
2k
35

Jan. 25
Feb.
8
Feb. 18
Feb.

2

5k Feb.

8k Mar. 12
15

Feb. 27

5

Jan.
Jan.

1
3

2

5

36 k

6
29

Jan.

4

8k Mar. 12
Mar. 8

2

15
51

Mar.
8
Mar. 19

53 k Mar.

5

20

Feb.

9

30

Mar.

5

12k Mar. 28

15
15

Jan.
Mar.

6

15

2

Western Tablet & Stationery

100

400

mm

*

t c

15

20

12 k

V

20

100 Westfield Mfg Co common.
425 Westvaco Chlorine pref
100
1.100 West Virginia Coal 8c Coke.*

100
325
mm mt mm mm mm

common v

m

20

12k Mar. 28

Sale

58k Mar. 15

15

64 k

~

Mar.

8

66k Mar. 29

k Jan.
85k Feb.

25 W Va Pulp & Paper 6% pf.100

mm

"i",io5

1,300
2,500

600
25

'Villiam*

Preference.

1,300 Wilson
Y

40,500

72,700

200

8k

2k

com

8k
2k
20

*

com

19

7

8k
lk Sale

k

1

18

19

10

19 k

......

Jones Co

Winter (BenJ) Co.
Wool worth (F W) Ltd—
Am dep rets ord shares....

100

'

(R C) 8c Co

>vij.iow Cafeterias

450

700

Mar.
8
Jan. 29

15
50

Sale

'"k ""k

k.

Sale

9k

Sale

Sale

10

9

Mar. 15

10 k Mar. 30

Feb.

8

7

lk Jan.
15k Feb.

5

Feb.

5

k Feb.

1

8

k

200

7k

Mar. 16

10 k Mar.
9
2 k Mar. 17
19
Mar. 16

7k Mar. 28
lk Mar. 26

11
16

Amer dep rets 6% pref
30 Youngstown Sheet 8c Tube pf

9k Mar. 19
Mar.

4

10k Mar. 15
Mar.

4

9

9

1

7k Jan.
4
Mar.

2

k Feb.'
85

10k Mar. 30
k Feb.
1
10k Mar. 15
Mar.

47

1

Jan.

5

lk Jan.

25

9

Feb

4

6

Feb.

8

k Feb. 16

10k Mar. 9
2k Jan. 10
20
Feb. 17

9

47

8

66k Mar. 29

6

RIGHTS

44,900
16,100

Commonwealth Edison
Pub Serv of Nor 111

i.

w

PUBLIC UTILITIES

200

Ala Power Co $7

1,221

290

'

'

mmmmrnrnrn — —

25
mm

mm

'C'-'iV'Y

77,700
235,900

4,000

15,900
1,800

25 k

Sale

2k

1

k
4k

Sale
Sale

•

mm

_»

Amer Light & Trac com....25

*

'

m mm

1st preferred
*
14,825
56 cumulative preferred..*
4,000
Appalachian Gas com
•
215,500
Warrants..
4,200

mm'mm

mm

'mm

8,800
124,500

■

mm mm m.

^ '

'

40

mm

Class

1.200

49,700
■

—

1.000

2,400

•

675
150
33,400
4,400
2,200

86,607
10,700
3,900

Associated

4

90 k Mar. 11
80
Mar.
1

2k

Sale
k Sale
k
k
Sale

Mar. 30

23

8

Sale

2 k

Sale

26 k

18k

20

19k

20

19

27

20

Sale
Sale

23

3k
4k
3 k Sale
54
56 k

2k
5
3 k Sale
60
Sale

Mar. 31

5-16

Sale
1-16
79

4k

Sale

39" Sale'

Jan.
Jan.
k Jan.

21
18
14

Jan.

5
4

Mar.

8

Jj
si*

Jan.

2

Jan.

2

Mar. 16
Jan.
2
Mar. 31

Jan.

6

Jan.

2

Jan.

x2l

Mar. 31
Mar.

5

Mar. 18

2

Mar. 24

18

Mar. 18

37k Mar. 7
88k Mar. 14
19k Mar. 3

Mar.

22

26k Mar. 31

8

2

k Sale

59

Sale

5-16 Sale

Mar. 14

5

2

2k Mar. 31
59

Mar. 31

Mar. 29

k Mar.

k Sale

1

4k Mar. 7
62 k Mar. 14
36k Mar. 8
5-16 Mar.

1

1-16

iff" "Mar ."18
Sale

3k

Sale

x2k Sale

37 k

Sale

33 k
8 k

Sale
Sale

1-32 Sale

1st preferred.

30

Mar. 19

8k Mar. 30

IVA
20

52

Jan.

30

Mar.
Jan.
Jan.

1-H
2}

3k Mar.

57

40k Mar.

4

Mar.

30

3

10

5

Mar.

4

Mar. 26 100

Mar.

9

3k.Mar. 29
93

110

9k
9h
20k Sale

Sale

115

Sale

lOk

Sale'

20 k

12 k

Sale

*

93
110k
10k
20k
79

Mar. 23
Mar. 26 112
13k Mar. 7
Mar. 31
Mar. 31 22k Mar. 3
Mar.

2

Mar.

84

8

8

Feb.

5
9
4

3k

28k Mar. 29
3

4]

Mar. 31
Jan. 19
Mar.
7

88
__

27
5

39k Jan. 14
88k Mar. 14
24
Jan. 14
26
Jan.
5
3k Jan.
4
4k Jan.
8
62k Mar. 14
42
Jan.
7
k Jan.
8

4

1-16 Jan.

29

87k Jan.

12

Feb.

23

Mar. 24
Mar. 31

Jan.
8
Mar. 19
Mar. 30
Mar. 29
Feb. 24

k Mar. 10

1-32 Mar. 29

Mar.

6
2k Feb.
2k Mar. 31

76

Mar.
5k Mar.

80

3k Mar. 24
x2% Mar. 31

19
Mar. 18
2
26 k Mar. 31
82 k Jan.
5
Jan.
5

51

150 Bell Tel of Pa 6k % pref.. 100
Buff Niag & East Pow pref.25

85

3

lk Jan.

88

88

30

1,125 Bell Telep Co of Canada..100
*

93

Mar.

k Mar. 28

Mar.

3

20

18k Sale

Telep Utilities.,*

.

Mar. 31

76

k Mar.
k Mar.

28k Mar.

2k Mar. 15
k Mar. 2
H Mar. 16

_..*

Brazilian Tr Lt 8c Pr ord

81

k Mar. 14

Mar.

86

34 k

5

A

55 preferred

24

23

Sale

...

58 int-bear allot ctfs
:.
5,225
$1.60 Int-bearlng allot ctfs.
3,100
Warrants
56,700
*
275 Associated Tel & Tel cl A

1,575

-

Assoc Gas & Elec, com

Sale
Sale

36 k
83

170 Arkansas Pow & Lt 57 pref.-*

20

3,800
57,400

Sale
Sale

88

3h
*

com

Preferred

329.400 American Superpower....

4,600
1,000
34,700

Mar. 31

*

Amer & Foreign Power warr.
American Gaa 8c Elec

3

k Mar. 28

"k """h

Sale

6% preferred...
25
500 Amer States Pub Serv class A

600
;
mm

Sale

2k

Class B

1.300

mm

24 k

25

500

13

Jan.

27

50
...»

Amer Commonwealth Pow clA

56.501st preferred......
»
50
Amer Dist Tel N J pref
100

25,800
84,600

100" 605

V.

Corp

.....

Class B

50 Amer Elec Power 56 pref

'

—

Class A

U

81

76

Sale

*

Amer Cities Power 8c Lt

3,500
21,900
37,766
31,200

1,100
4,000
5,100
1,800

Sale

81
80

....

3,100 Allegheny Gas Corp

1,900

Jan.

IP

Par

pref

S6 preferred

650

lk Sale

1

w

Mar. 29

7

4

4k Jan.

9

Jan.
Jan.
Jan.

8
25
8

59
46
11

k Jan.

13

52k Feb.
Ilk Jan.

10
4

93
Mar. 26 100
Mar. 9
Mar. 23
110k Mar. 26 112
8 k Jan.
4
13k Mar. 7
20k Jan.
5 22 k Feb. 27
84
Mar.
8
79
Jan.
5

Cables & Wireless—

2,100

800
mm

mm

mm

mm

m.

Am
Am

dep rets A ord sh
£1
dep rets B ord sh
£1
dep rets pref sh
£1
60 Carolina Pow & Lt 56 pref
*
57 preferred
*
75

c

1,200

Am

5,000

2,200

1,300

m.

25
200

1,000

Cent Hud G A

E

v

t c

k

%

Ik "Tk
14

k

ik ""ik

15k

16

10 Cent 111 Pub Serv 56 pref
*
20 Central Maine Pow 7% pf.100

10

10

100 Cent Pow & Lt 7% pref...100
*
2,500 Cent Pub Serv of Del com
Class A.
*
35,000

mmmm mrn m.m*

500

12,600

k

-

25

-

800 Cent

700
mm±mrn

mm

50

-

-

100

300

19,200

70,600

150
200
400

150
200

1,650

100

400

10

160

lk

Sale

Central States Electric

mm~

-

65k Mar,

k
2k
lk Sale

*

25

Sale

*7 preferred

•

"k "lk
•

com

6% preferred.

29k Sale

26 k

Sale

100

83 k
116

Sale

Hispano

102

Sale

lk

Sale
Sale

83
81

k Sale
1

Mar.

2,200
300

15,400

^m dep rets A bearer shs._

Consol Gas Utilities class A

50

225

75
400

575

1,400

5,400
7,400

40

Sale
Sale

lk
10k
lk
43 k
52 k
26k

Mar
Mar,
Mar,
Mar
Mar
Mar,
102k Mar,
83
81

k Sale
k
1

Sale

25

pref

1,989,800
102,400
33,700

lk

16,600

com

Sale
4

'

1.550
27.300
500
25

-

50

Par footnotes

11 102k Mar.

Mar. 31
90
Mar.
5102

B

preferred

Feb.

1

81

Mar.

9-16 Mar.

18
5

3

55

4

Jan.
Jan.

18
14
13

Feb.

29
15
25

Jan.

14

29k
2 k
10k
lk

Mar. 18

Mar. 17

50

Jan.

19

26

56

Jan.

5

30

Feb.

15
16

8 103

Jan.

11

24

11

90

Mar.

9

Jan.

14

k Jan.
lk Jan.

15
12

5 122

k Mar. 22
k Mar. 29

1

lk Mar.

Sale
2k

37
62

Sale

Mar. 15

2

Sale

61k Mar. 28
2

Mar. 18

37

Mar. 15

37

7
3

59

69k Mar.
2k Mar.

*

Sale

7k

9

2k

~~2k

k Sale
8k

58
3

22

19k
*

3k

Sale
Sale

5

..__...*

54k

Sale"

*

45 k

25

3k

Sale

warrants.

4k

56

5k

Sale

k
7

3-16
8

Mar. 24

k Mar.

1

Mar. 11

"2k ""2k

29

21

7k Mar. 24
60k Mar. 11
2k Mar. 29

8k Mar. 16
60k Mar. 11
3 k Mar
3

19

70
Sale

20

Mar. 11

18k Mar. 11

Sale

4

Sale

195

23 k Mar. 22
3
Mar. 31
175
Mar. 28

.

Mar. 10

Jan.

29

lk Jan.

4

55

Jan.

4

63

Jan.

Sale
Sale
Sale

17

57 k

40
4

45
Sale

Sale
40 k Sale
Sale

35

Mar. 18

50 k Mar.

7
7
9
9

17
3

Sale

17
3
42

Mar. 31

Mar.

16 k

Sale

IIlOO

Mar. 24

17

19k

14k

17

.

28

175
5

Feb.

11

5k Jan.

14

25

Feb.

Mar.

195

Mar.

13 k Jan.

Mar.

32

15k Mar.

k

Mar.

Jan.

62

Mar.

54

Feb.

9
Mar.
7
ivxar. 23
Mar. to

17
3
42

Mar. 31

45

Mar.

Mar. 19

6

52k Mar. 29

50
x38

42

16k Mar. 12 18

Mar.

3

Jan.
Jan.

Jan.

14

7
15
7
14
19

9
14

46 k Jan. 17
52 k Mar. 29
5
Jan.
15
15 *38
Mar.
3
10
18

Mar. 24

15k Feb.

29
16
29

22 k Jan.
Jan.

Jan.
Jan.

40k Mar.

100

22

Jan.

3k Feb.

35

Mar. 19

51k Mar

14
10

22

018
3

10k Mar.
32k Mar.
60k Mar.

16

68

1

5k Mar. 18
15k Mar. 31
40k Mar. 31

Jan.

2k Mar.
17 k Jan.

8
7

Jan. 12
Mar.
7
Jan. 14

8k Mar. 16

7 k Feb.

3

Mar.

Mar. 15

99k
69k
2 k
76

60k Mar.

Mar.

L95

37

73k Jan.
k Jan.

k Jan.

4k Mar.

19k Mar.
25

36

9k
29 k

Sale

.....

Mar. 15
99k Jan. 12

4

k

17
55.

77

3-16 Mar.

*

40

8% preferred

1

31

Jan.

4

3k Jan.
19k Jan.

5
15

Mar.

9

3

*

stock

56 preferred

6% preferred.

Mar.
Mar.

73k Mar.

16% Sale"

see page




62 k
2

185

1,300

Mar.

66

1,550

250

Mar.

52k Mar.
30

61k Mar. 31

20 k

Option

45

26

Mar.

Jan.

lk Mar.
10k Mar.
lk Mar.
43 k Mar.
52k Mar.
23k Jan.
98k Feb.

Mar.

lk Mar.
10k Mar.
lk Mar.

31

2

55
28

70

$6 preferred B

cum

28

1

61k Sale

100
com

Convertible stock

55

Mar. 29

Jan.
8
k Mar. 26
k Mar. 29
19k Jan. 13

71

Gas & Fuel Assoc..*
States Pr

common

Mar.

100

$7 preferred A

New

83

'

4k Mar.

k Mar. 22
k Mar.-29

9
3

83

5

5
24

Feb.

81k Mar. 18

Mar.

18

Jan.

Mar. 14

Jan. 14
16
1
65 k Mar.
94 k Jan. 11
Feb.
2
75

29

31

805

Mar. 15

14k Mar. 15
1
65k Mar.

100

6% preferred
istern

64 k

230

548,200
95,000
16,300
10,800

Eastern

10

\i

Amer

Con Gas ELftP Bait com..*

pr

4

78k Mar. 28

Mar.

1

Mar

28

lk Sale

..*

Elec Ilium

19.400 Duquesne Gas Corn

100

200

2

28

Cities Serv Pr 8c Lt 56 pref.

800 Duke Power Co

1,100

mwm—-mrn

lk Sale
10

Warrants

650 Cont'l G&E 7%

/

4,000

150

Sale

c

4

81k Mar.
15k Mar.
65k Mar.

26

25 Conn Lt 8c Pow 6k% pref. 100

22,300
3,300

450

1,000
13,100

1

Mar, 29

k Mar
k Mar

k Sale

Sale

28

lk

.100

lk

-

2,500

4k

9-16

4,700
1,600
75

com

Conv preferred

Compania
25

mm

8c Southwest Util com.*

4,654 Community Water Service..*

'

78 k Mar 28
14 k Mar, 15

Feb.

11

70

Commonwealth 8c Sou Corp..
Warrants
301,300

118,400
2,054

lk Mar.

.*

Columbia Gas & Elec Corp—
6,090
5% Conv preferred
100
52,495 Commonwealth Edison

2,790
46,200

16

83

57 Prior lien preferred..._•
57 preferred
...»

7,700 Cleveland

1,700

mm

56 preferred

k Mar.

76

Sale

'

-

k Feb.
k Jan.
lk Feb.

k Mar.

k

'lH
14 k

k Mar.
k Mar.
Ik Mar.

k

NEW

CURB

YORK

AGGREGATE SALES,

PRICES IN MARCH.

NEW YORK
OUKB EXCHANGE

Since

March 1.

1932.
PUBLIC UTIL. (CVmL)

RANGE SINCE JAN. 1.

Price
Jan. 2

Jan. 1.

Shares.

47

EXCHANGE

Par

Bid

1,200 Empire Pub Serf class A-...*
7,700 European Elec Co of Can A. 10
9,133
Option warrants

3

Ask.

Sale

X Sale

150 Florida Power Ac Lt $7 pref__*

Lowest.

Ask

X
IX

3-16 Sale
2
Sale
7-16 Sale

X

M

March 31.

Ask. Bid

Bid.

3-16

Highest.

Sales Prices.
3-16 Mar.
1

2

IX Mar. 23
)4 Mar. 26

Lowest.

,

Sal' Prices.

Sale

1

3-16 Mar.
2
Mar.

Sale Prices.

X Jan.
IX Mar. 23
X Mar. 26

1

X Mar. 12

69

64

Highest.

Prices.

$6

cum conv

pref

B

ser

...

10,700 Hamilton

Gas Co

v t

com

12

*

240 General Pub Serv $6 pref..
900 Georgia Power $6 pref
*
50 Gulf States Util $5.50 pref..*
75
$6 preferred
*

25

25 Illinois Nor Util 6% pref.. 100
2,125 Illinois P & L $6 pref
.*
27
0% preferred
100

12

32""

60

X

79)4

76X

82

1

72

Mar. 31
Mar.
5
Mar. 30

45

7954 Jan.
25

50

Mar.

*45

Mar. 11

72

65

50

62

50

Feb.

18

82
50

Jan.
Jan.

21
14

65)4 Jan.

27

Jan.
Feb.
3-16 Jan.

21

54)4 Jan.

65

47
45

X

48 X

61)4

3-16 Mar. 17

3

Mar.

93)4 Mar. 8
53X Mar. 29
6154 Mar. 22

93)4 Mar.

8

14

5

45

Jan.

5

7

5554 Jan.

7

8

93X Mar.

63 X Mar. 10

93 K Mar. 8
6354 Mar. 10

Jan.

5

Feb.

6154 Mar. 22 o5t

9

Indianapolis Pow At Lt—
25

6X%

cum

pref

100

825 Int Hydro-El $3.50

„*

7,400 Internat Util class A
Class B
51,400
3,600
Warrants for class B

s80

1954 Sale

pref.*

cony

4,300 lnternat Superpower

*

*

19,400 Italian Superpower cl A....*
3,500
Warrants
150 Jersey Cent P & L 7% pf__100
Kings County Lighting
25
7% cum pref aeries B—100
8,200 Long Island Light com
*
620
7% preferred
.100
700
6% preferred series B ..100
50 Los Angeles G Ac E 6% pf..l00

"lX Sale"
54

)4

100
Sale
Sale

88
19

18)4 Mar.

Sale

10

654

6)4 Sale
154 Sale
X Sale

*

stock.

810 Interstate Power $7 pref

12 X

10

10

754

Sale

9

654
8
154 Sale
35

4254 Sale
1)4 Sale
)4
1

Sale

X Sale

.

9

Jan.

Mar.

17
9

Jan.
Feb.

5

Feb.

3

254 Mar.
54 Mar.
46

Mar.

35

54 Mar. 19
1)4 Mar.
X Mar. 11
54 Mar.
s91
Mar, 9 s91
Mar.

9354 Sale

52

Jan.

17)4 Mar. 28 1754 Mar. 9
Mar. 10
9354 Mar. 31 101

26

Feb.

Jan.

s91

1/ X Feb.
9354 Jan.
80

Mar. 19

86

Mar. 11

H

17i

Mar.

100

Sale

12k

Mar.

97
97

2354 Feb.

54 Mar.
X Mar.
s91

9
8
14
Mar. 11
Jan. 16
Jan.

8

154 Jan.
X Jan.

8

1)4 Mar. 28

80

93

6154 Mar. 22
s80

Mar.

6)4 Mar. 18
5-16 Mar. 12
35
Mar. 31

1

Mar.

OX
m

Mar. 26

13

26

50

X

Sale

60

48)4 Sale

Jan.

Jan.

Mar. 30

62

7-16
56

50

57

13

Feb. 20
Mar. 31

80

Mar.

65

X

9

2

12

4
5

16

b5

c.l

250 Hartford Electric Light

Sale

50

6854

Jan.

X Jan.

3

66

Gen Gas & Elec—

1,900

1

3-16 Mar.

97

Jan.

Jan.

2

Jan.

18

Jan.

21

Jan.

15

Mar.
Jan.

9
26

3
1954 Jan.
8
Mar. 10
2 101
5

Mar. 11

86

19 100

Jan.

19

Marconi Internat Marine

1,900

61,300

Communication Am dep ret

Marconi Wirel Tel of Can

6
H Sale

200

Am dep rets ord bearer shs.
100 Mass P & L Assn $2 pref
*

$6 pref series C

A

B

1

Sale

154

2)4

5)4 Mar. 18
1)4 Mar. 2

4

4X

„

"5"

21

*3)4 Sale

5

454

Sale

Mar.

21

400

Jan.
1754 Jan.
x

1)4 Sale
7X Sale

3)4 Sale

Sale

1

Mar. 29

354 Mar.

7

1-16 Mar.

1-16 Mar.

7

7

X Mar.

1-16 Mar.
Jan.

7
25

Jan.

4

15)4 Jan.

8

1-16 Mar.

25
*

91)4 Sale
16

22)4

10 X

15)4

91

Mar.

2

93X Mar.

9

22

Sale

8

preferred

cum

Nat Public Service

200

$3.50

760

7%

conv

....*

Sale

65K Sale

66

com

cl A.*

preferred

*

preferred

Sale

3X Mar. 22

7% preferred..

8

Mar.

1

5954 Mar. 31
454 Mar. 31

70

Mar.

7

3.454 Mar.
48X Mar.

41

52)4 Sale

48X
102

Sale
Sale

100
10

Class C warrants

;.

50)4
58)4
110)4 111
64 Sale

112)4
6)4
11-16

Sale
Sale
54

2)4

2)4

254
54

200 Nor Amer Lt Ac Pr com..
*
500 Nor Amer Util Sec com
•
75 Norlnd Pub Ser
6% pref.. 100
225
7% preferred
....100

6,600 Nor States Power

com

A.. 100

7% preferred
100
6% cum pref....100

48

Sale
Sale

Sale

47

Sale

5X Sale
X Sale
IX Sale
9X

54

54

X

1

X

75

Sale

9054

70

80

95

90

91

3,840

Pa Water A Power

•

69 X

*88

200 Phila Elec Co $5 pref
10 Public Serv of Ind pref

Sale

25

24)4 Sale

2)
12)
5)4
45

7

6

51 j

72
Sale

24)4

Sale

28

50

6

98)
50)

52
Sale

Sale

13 X

700

22

2,100
2,700
900

24

2154

Preferred.......

_...*
*

40 Union El Lt & Pr 7% pref.100
6,700 Union Natural Gas of Can..*

23,000 United Corp warrants
2,700 United Elec Sery Amer shs
163,600 United Gas com
•
18„jOO
$7 preferred
*
39,300
Warrants
200,100 United Lt A Power com A...*

For footnotes

see

Common class B

•

page 55.




1st pref

Jan.

19

2

Jan.

20

78

Mar.

4

68

*88

Feb.

14
6

Jan.

22

16
21

Mar.

8

85

Mar. 15

8)4
24)4
22X
91)4

Mar. 17
Mar. 9
Mar. 17
Mar. 3

9

Mar. 31
Mar. 11

25

22X Mar. 17
93X Mar. 3

Mar.

3

2

3

Mar.

6

14
19

Jan

27

Jan,

27

Jan.

19
14
14
19

Jan.

80X Feb.

94 X Jan,
88
Jan.

85

Mar.

85

Jan.

96

8 X Mar.

13)4 Mar
96)4 Mar,

14)4 Mar.

97
3

85

76)4 Mar. 26

Mar.

15

5

3

Jan.

12
Mar.
3

1354 Mar. 2
6)4 Feb. 15

1*

Jan.
Mar.

1
17

96)4 Mar
Feb.
Mar.

Jan.

85*
64

8

9

Jan.

93)4 Mar.

8

9f 96X Mar.

18

Mar. 31
Jan. 14

23

Jan.

2

Mar.

Jan.

26)4

24X Feb.
21)4 Feb.
91X Mar.

98)4 Mar. 31
53

Mar. 15

9

3

1354 Mar.

5

Feb.

70^
8S3°*

Mar.

Mar. 15

15

Jan.
Jan.

Feb.

Mar.

91)4 Mar. 8
8154 Mar. 10

Jan.

'

3)4 Jan. 14
2
X Jan.
10)4 Mar. 15

Mar.

68
*88

;•

7)4 Jan.

Mar.

70

Mar.

Jan.

15
8
22
7

Feb.

9
10

6

100

1

85

120

Jan.

1

76X Mar.

113

Feb.

80

Mar.

104

Feb.

5
1

73 X Mar.

99

Mar.

2

52X Mar.

58

Feb.

10

22

Sale

Mar.
Mar.

4100

Mar. 23i

22

Jan.

14

Jan.

15

80

Mar. 23

99

73)4 Mar.
52X Mar.

Mar.

2

52X Mar. 11

20

Jan.

10

1554 Mar. 28
2254 Mar. 28
10)4 Mar. 2

10)4

17
Mar. 7
2254 Mar. 28
10)4 Mar. 11

1554 Mar. 28

20

21

2254 Mar. 28
10)4 Mar. 11

Mar.

21
74

Mar. 17
Mar. 23

21
70

15

18

)4 Sale
IX
3)4

110% 115

Mar. 14
1 ys Mar. 14
27
Mar.
3

27
Sale

Mar.

23

Mar.

21

23

24)4 Sale

Mar. 29

40X Mar.
13

18

12)4

15

13

54 Sale
2

Sale

110)4 115
6654 Sale

113

Sale

..........

Mar.

Mar.

Mar. 17
Feb.

23

Jan.

29

25

21

Jan.

29

40

Jan.

15

Mar. 14

2254-Jan. 14
44)4 Mar. 22

13
1

9115

9, 6651

Mar.

1

Mar. 14

X Mar. 21
Jan.

Mar.

Mar.

51

110)4 Jan.
64

17
55

21
70

18

19

16

17

17

Mar.

18

Mar.

60

65

50

Sale

50

Mar.

60

Mar.

29

154 Mar.

Mar.

53

,

90

29

90)4

Sale

254 Sale

26

27)4

Mar.

354 Mar,
54)4 Mar,

27

Mar.

29

Mar,

90)4 Mar. 221 90)4 Mar.

95

15
*17

Mar. 28

Feb.

354
3

Sale

3)4

2

Sale
50

6)4

Sale
Sale

2)4
43 X
X
554

39)4

Sale

41

46
_

Sal
Sale
Sale
Sale

"4154

28

2)4 Sale
254
2)4

5

6

Sale

28

2)4 Mar.
45)4 Mar.

Mar.

Mar,

Mar. 181

654 Mar.
Mar. 18
7)4 Mar.
Mar. 31' 42)4 Mar.

54 Jan.
20

85

Jan.

Jan.

9

32

Jan.

8
19

93

Jan.

15

101)4 Jan.

Mar. 31
.

6

28

Jan.
Jan.

_

Mar. 18
Mar. 31

15

Mar.

Mar. 10 106k Mar.
Mar.
454 Jan.
Mar. 31
4
Jan.
Mar. 10
354 Feb.

Mar. 31
7-16 Mar. 24
3)4 Mar. 18

13

Jan. 12
Jan. 12

354 Mar.

Jan.

22X Jan.

4

Mar. 14
Jan.
6

70

Mar. 31 *67

154 Mar.

Mar. 10 106)4 Mar.
Mar.
354 Mar,
Mar.
3)4 Mar.
3
Mar.
Mar.

Mar.
Mar.

Jan.

14

X Jan. 14
2X Mar. 14

io; 20

101)4 Jan.
106)4
3
2)4
3)4
254
254 Sale
2)4
1)4
IX Sale
33 k
33 k Sale
7-16
7-16 Sale
3)4
454 Sale

15

9

50

Sale

18

Jan.

28 115

Jan.

40

23
85

Mar.

13

X Feb.

17

17)4

Mar. 17
Feb. 23

54 Mar. 14
1)4 Mar. 14
2754 Jan. 14

Mar. 22

21

15

21
80

2154 Mar. 22

Mar.

)4 Mar.

23

X Mar. 14
X Feb. 25
2654 Jan.
2

44k

Mar.

64

5

5

8

Mar.
1
2 X Mar. 14

"

IX Mar.
113

2454

Jan.

9)4 Feb.

13

,

5

X Mar,

""IX Sale"

5-16 Sale

*

16

cum

64

4

19

275 Tenn Elec Power 7% pref.100
25 Texas Pow & Lt 7% pref..100

400

Sale
Sale
Sale

""'54

3,300 Stand Pub Serv part A
*
3,250 Swiss-American Elec pref.100
3,900 Tampu Electric Co

19.7001

4

Mar.

Sale

particorlg pref..25

Class B common

18

10)4 Jan.

72X Mar.
X Mar.
54 Mar.

10 x

2654

Southwest Gas Utilities
Standard Power & Lt com.

30

21

10

25

450 Southw Bell Tel 7% pref.100
2.000 Sou'west G & E 7% pref..100

11,400

Jan.

115

9)4 Mar.
54 Jan.

Mar.

Sale

76
15

»

25

95

100
55

7-16 Jan.

72

80

25

14,900 Southern Nat Gas Co com
4,900 Southern Union Gas

14
13
17
15

Jan.
Feb.
Mar.
Jan.

115

5X Mar.
X Mar.
IX Mar.

Mar.
9
Mar. 28
Mar. 24

Sale

*

25

3

10)4 Mar. 15

100

25

400 Southern Colo Pow cl A

5

64

100

Preferred B.
cum

Mar;

64

5 4%

5%

16

Jan.

7

51X
X
X
8254

5954 Jan.

Mar.

97 X Feb.
47
Feb.
110
Jan.

4

31

Class A.

prefciassC

Mar, 11

102

Mar.

Sale

25 Seaboard Pub Serv 16 pref..*
160 Sierra Pacific Elec 6% pf.,100
300 Southeast Gas & Water com *

2,200 Sou Calif Edison pref A

75)4 Jan.

9

!

.100

400 Rhode Isld Pub Serv pref...*
5,600 Rockland Light A Power.. 10

5

254 Mar. 3
7-16 Mar. 15

98)4 Mar. 31
50)4 Mar. 31

.......100

7% preferred

14

50

754

*

6% preferred

Mar.

Mar.

6

9)4 Mar.

3

9

2,295 Railway A Light Securities.*

15,800
10,800

114

100

60 Puget Sound P A L $6 pf
25 Quebec Power Co, com.

1,300

11154 Mar.
5X Mar.
X Mar.
IX Mar.

1354 Mar.

2Vi
13)4

14

)4

Public Service of Nor 111...
•
250
Com $100 par stock
100

125

19

5)4 Jan.

15

Fen.

3454 Mar.
48)4 Mar.

8

Jan.

23

72

97

1,475
250

Mar. 11

9954 Mar. 23

Mar. 26

2)4 Jan.

87
9

♦

com

2

110

85

2,100 Peoples Light A Power cl A.*

2,300 Philadelphia Co

5

55

8054 Mar.

*

new com

1

Mar.

Mar.

47

Sale
1

100 Pacific Pow & Lt 7% pref. 100

700
New first preferred...
*
400 Pa Gas Ac Elec class A
*
500 Pa Power Ac Light $7 pref...*

IX Feb. 13
21

5954 Mar.
454 Mar.

70

300

400 Pacific Pub Ser

3)4 Mar. 22

64

150 Okla Nat Gas 6)4% pref..100
Pacific Gas Ac Elec 1st pf..25
54% 1st preferred.
25
125 Pacific Ltg Corp 16 pref
*

7)4 Mar.

52 X Mar.

Mar.

7-16 Mar.

50 Ohio Edison Co $6 pref
*
300 .Oklahoma Gas Ac Elec pref 100

18,500

102

9954 Mar.

11-16 Sale

*

253,500 Niagara Hud Pow com
31,700
Class A opt warrants
7,000
Class B opt warrants

2,000
1,060

454 Sale

20

108

100

g*

5

5X Jan. 11
IX Feb. 16

14

7)4 Sale
12

Sale

100

8.300 N Y Steam Corp com
2,475 N Y Teleo6H% pref

900

60

100

3,050 New Eng Pow Assn 6% pfd 100
650 New Engl Telep Ac
Teleg..l00
250

9
30

7
13

16

Mar. 29

1

5X Mar.

5

1-16 Mar.

7% pref

4

Mar.

5)4 Mar.

13

5

3)4 Mar. 31

100

Nat Elec Power class A

$6

Mar. 26

2

Nat Power Ac Light—

12,800
3,600

1

2

75)4 Jan.
554 Sale
35

Hud Pow 1st pref.*

Pub Service

Feb.

54 Jan.

21

2)4 Mar.
21X Mar.
5)4 Mar.

Monongahela West Penn

4,000

5

IX Feb. 13
Mar. 26
s2X Mar. 23
19)4 Mar. 1
*3)4 Mar. 31
21

254
2X
19 X Sale

warrants

10 Miss River Power pref

1,125 Mohawk Ac

Mar.

4

2

warrants

300

5)4 Mar. 31

1

*

291,100 Middle West Util com
*
3,400
$0 conv pref ser A--......*
400

5)4 Sale

£1

10,400 Mass Util Associates v t c
*
2,450
5% cony preferred
50
6,600 Memphis Nat Gas com
*
Metropolitan Edison Co—
50

554
IX

5X

1

Marconi Wirel Tel Ltd

8!
7]
53<

8

10
18

13

19

14
12
Jan.
9
Jan. 14
Mar.
5
Jan. 16

NEW

48

NEW YORK

Price

CURB EXCHANGE

Since

In

Jan. 2

1932.

1.

Jan.

40,500

13,300

800
250

Lowest.

Ask.

Ask. Bid.

Bid.

Class B

▼ t

c

20

FORMER

1% Mar.

2

6

Jan.

14

Mar. 29

Jan.
Jan.

14

29% Mar. 21

29% Mar. 21

39% Mar. 18
29% Mar. 21

Jan.

2

90

29
2

78

SX Mar. 17
Mar. 22

3% Mar. 17
78
Mar. 22

78

Mar.
3
6
30% Mar.
1
85% Mar. 14

34

Mar. 3
Mar. 14

90

Mar.

7X Mar. 26
Mar.
3
43% Mar. 22

35

Mar.

36

26%

7

6

85

25
50
,25
50
200 Cumberland Pipe Line
Liquidation receipts certifs
100
600 Eureka Pipe Line.

44%
8%
8

6%

7%

200

15,300

New..

1,400
22,500

6

18,200
600

2,500

281,000
50,300
1,800
5,150

...10
25

12

Sale

17
26 %

*
*

Mar.

Mar.

10

12

12

12

33
15

Sale

80
14

75
10

2

Sale

4X

4%

13

X
X

X
A

Coupon stock (bearer)
1,500
5,600 Carib Syndicate com
6,800 Colon Oil Corp common

25

9X
X Sale
X
X

8%
X
X

9X
X
X

Vot trust ctfs
*
15,300
48,100 Consol Oil Corp common...*

100 Consol Royalty Oil
7,200 Cosden Oil Co common

"5",§55

200

200

12,000
500

2,600
2,100
575

32,000

1

X

5,100jDerby Oil & Ret com..

IX Sale
IX Sale

25

26%

.__.*

Sale

500

6,700
33,900
1,300
6,700

Non-votln\l class A

4%

Class B
*
2,700
31,200 ^Intercontinental Petrol...10
101,400|lnternat Petroleum com
3,100 Klrby Petroleum
...»
11,300 Leonard Oil Development
25

200 Lion Oil Refining

13",555
180,600
700

1,000

36,000
269,400
3,200
2,500

Lone Star Gas

*
*

...

*
•
•

Magdalena Syndicate

MargayOil
Mexico-Ohio Oil

Co

300

8,100,Mlchigan Gas & Oil Corp...*

900

4,400i
3,900,

I'd
9X Sale
X

4

8% Sale
1-16 Sale

*2% Sale

12

28% Jan.

16

Feb.

26

85

Jan.

9

11% Feb.

15

15

Jan.

12

Jan.
Jan.
Jan.
Jan.
Mar.
Mar.

15
14
14
18
5
7

3
2
4

Sale

26% Mar. 16

5
5
X Sale
9X Sale

SX Mar. 22
SX Mar. 21

SX
SX

2X

4%

o

3

3^
3'

5 X Sale
1-16 Sale

3X

6

X

1
9

,1
Mar. 181
5% Feb. 26

1-16 Mar. 31

7
Mar. 12

% Feb.

Mar.

2% Mar. 7
X Mar. 3
2% Mar. 24
2

Mar.

8

24

Mar.

2

35% Mar. 31

Jan
Mar.
Jan.
Jan.

6
71)
5
2,

800
100

3,500
1,500
200
200

64,100
200
200

*

5

7,800

Mar.

4

Jan.

5

Jan.

Mar.

3-16 Mar.

3

1-16 Jan. 28

Jan.

8% Jan. 5

Feb.

3-16 Mar. 22

5-16 Mar. 14

%

2%
7% Mar.
% Mar.
6% Mar.

1
1
1

Mar. 28

2

IX

Mar. 11

......

100

""555

10
*

1,500 Ryan Consol Petroleum
500 Salt Creek Consol Oil...

"2 A'OO

8,800

10
10

Salt Creek Producers

8,700
18,600
1,800
2,600

500 Shreveport El Dorado.
25
22,800 Southland Royalty Co
*
26,900 Sunra.v Oil
5
2,000 Swiss OH Corp
5
5,500 Texon Oil & Land Co. .....*

600

2,800 Union OH Associates......25

900

MINING

2,075
675
400

'

2,200

Min—

American shares.

12,100 Carnegie Metals

8,600

100

23,400
2,500
100

8,900
800

9.800

eft

6X
X

X

Sale
13 X

X
4x
X

X

2%
Sale

*12

1"
Sale

X
16

%
%
X

a

Sale
Sale

Sale

%
%
6%
X

X

X

X

Mar. 23!
9
1-16 Mar,

X
2%
a2X
Sale
xl2X
%
X
1
IX
5-16
X

2

4

1-16

X
6X

78

%

X

IX

X
SX

X
X

sale
7-16

Mar. 30

1
Mar.
4% Mar. 23
9
X Mar.
X Mar. 21
4
6% Mar.
X Mar. 22

44

Mar. 14

8
% Mar.
X Mar. 26
5
1% Mar.

3% Jan. 22

5%
Sale

%
7%
X
47%
%
%
1%

SX

4>f

3% Mar.

SX

SX

3% Mar. 10

5-16

7-16

3

Mar. 18

2

Feb.

2

Jan. 14

% Feb.

Mar.

3

5-16 Sale
2
Sale

X Sale
1%
2%
5-16
X

5-16 Mar.
2
Mar.

1

19% Sale

19

20

17% Mar. 16

11

12

% Jan. 14

2*

X Sale

H %

1

%

10

205 Consol Min & Smelt Ltd

25

700 Eagle Plcher Lead Co..
20
8,800 Evans Wallower Lead....._.*
23,800 Falcon Lead Mines
1
13,000 Golden Centre Mines.......5
1,800 Goldfleld Consol Mines....10
19,800 Hecla Mining Co
25
5,900 Hollinger Consol G M
5
30,000iHud Bay Min Sc Smelt
*

%
1X

2

1

X Sale

1

1,100 Copper Range Co
25
11,300 Cresson Consol G M Ac M....1
26,000 Cusi Mexicana Mining
1

20

X

.....

22}
17}

24

5-16

11^
22

X
IX
X

,

1

Sale

%

%

1%

Mar. 28

Mar. 10
Feb. 10
Feb.
4
Feb.
1
Feb. 10
Jan.
2
>-16 Jan. 28

1% Jan.
7
% Feb. 20

Mar.

% Mar.

% Mar. 17
1% Mar. 11

22% Mar.
20

X

X Sale

15-16

IX

0

55

70

58

65

X

Sale

Mar. 31

64

Mar.

4X
X

X Sale

X

X Sale

3

3-16 Mar.

X Mar.

1

5-16 Mar.

6

X

3-16

Y

3-16

5-16

4%

~~5%

'""%

X

X Mar. 14

Sale

% Mar. 28 11-16 Mar.
1-16 Mar.

Sale

4

4X

4X
Sale

2

"3% ""3%
4% Sale
1% Sale

X Mar. 14
"

1-16 Mar.

1-16 Mar.

1-16 Sale

X

4

SX
3-16 Mar.

X

4

2% Mar. 16
4% Mar.
1% Mar.

2
2

1-16 Mar.
4
Mar.

4% Mar.
2% Mar. 11

lOOltron Cap Copper.__.._____1§

'""455

600 Kerr Lake Mines

600
_

2,760

700,Klrkland Lake G M Ltd

7,760 Lake Shore Mines Ltd

Por footnotes see page 54.




4

X

%

1
1

24%

5-16

Sale

3-16

26% Sale

% Mar. 17

Mar. 28
17% Mar. 16

19

17
25
25
14
30
Jan.
5

Jan. 13

3

13%

X Mar. 23
X Mar. 23
X Mar.
8 7-16 Mar. 7
24% Mar.
1< 26% Mar.

55
2

Jan.
4
% Jan.
5
% Feb. 10

4% Feb.
X Feb.

% Jan. 13
7

Mar. 16
IYa

Feb.
reu.

8

Feb. 24

1

X
6%

8

Jan.

Jan. 15

% -Jan.
%
7%
X
49%
%

4
16
15
4

Feb.
Jan.
Jan.
Jan.
Jan.
1
Feb.
1% Mar.
% Jan.

30
6

Jan.

7

1
%

24
5

27

Jan. 30

4% Mar. 7
1% Mar. 12
3% Jan.
7

% Jan. 12
% Feb.
4
6% Jan. 21
12
Jan. 20
% Jan.
2
% Jan. 8
2
Jan. 19
X Jan.

11
ij.

1% Feb. 10
% Feb.
"
X Feb.
% Feb. 24
23% Jan.

7

19
Mar. 28
17% Mar. 16
Jan. 21
Feb.

%

17

Jan.

2
19
9

Jan.
Jan.

64

Mar.

4

3% Jan. 21

% Jan. 14
7-16 Jan.
8
5% Feb.

1

1-16 Jan. 25

1-16 Jan.

Jan. 14

% Mar.

% Mar.
X Jan.
5-16
Feb.
% Jan.
% Mar. 15
X Mar.
% Mar. 7

Mar. 30

55

2

Mar. 30

% Mar. 17
1% Mar. 23

Mar. 15

50

7

4
14
5
27
17
11
4

Mar. 18

1

Mar.

2

Jan.
Jan.
Mar.
Jan.
% Mar.
% Jan.
3% Jan.
3%
%
%
5%
10%
%

% Mar.

3-16 Mar. 16

Jan.

%
%
1%
%

X Sale

18

9

44

X Mar.
6% Mar.

5X Sale
10%
11%

9

6% Feb.

7-16 Mar.

6X Sale
10X
nx

5

Jan. 29
% Jan.
2
X Jan.
4% Jan.
1-16 Jan.
9

4% Mar.
1% Mar.
3% Mar.

X Mar.
2
5% Mar. 28

6

Jan.

1% Jan. 11
% Feb. 16
2% Jan. 11
3-16 Jan. 15

%

% Mar. 17

8

8

11

Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.

3

5-16 Mar.

Jan. 13
Jan.
5
Jan. 14
Jan. 5
Feb. 26

2

6
% Mar. 17

% Mar.

9

%
2%
9%
%
6%

Feb.

2% Jan.

% Mar.
4% Mar.

11
26

% Jan.

2

1-16 Jan.

Mar.
Mar.
Mar.
Mar.
Mar.

1

5
2

L-16

1-16 Mar.

%
2%
13%
X

Jan.

5% Mar. 30

X Feb. 18
Feb. 24
% Mar. 23

1% Mar.
% Mar.
15-16 Mar.

Mar. 17

IX

1

1

5X

Mar. 17
Mar. 17
Mar. 31
3
Mar,

X

X
X
SX

11

3

Mar. 30

Sale

47% Sale

9,000. Comstock Tun & Drainage 10c
7,000 Consol Copper Mines
...1

155

'"'855

10

Voting trust certificates...

400 Chief Consol Mining..

3",755

a

STOCKS

Bunker Hill & Sullivan
Bwana M'kubwa Cop

200

2,400

%
%

Sale

10

25,900 Venezuelan Petroleum.....5
1,600 Woodley Petroleum Corp
*
*
14,400 •Y" Oll & Gas Co

825
500

Mar.

L

Sale^

Sale

X
SX
1-16

....

100 Universal Consol Oil

8,200

\2X

Keiter-Foster Oil Corp

100 Royalty Corp partic pref

"7,855

2X

*
400 Richfield OH of Calif pref.,25
100 Root Refining prior pref
*

100

500

X

X

Jan. 15

Jan.

1-16 Jan.

1% Mar. 12

Sale

1

15-16

12

Mar.

14
3-16 Jan. 26

4

Mar. 28

1

9,000.Mountain Producers Corp.10
18,900 National Fuel Gas
*
10,800 New Bradford Oil.
5
._*
1.000 North Cent Texas Oil
14,500 North European Oil com
*
10,800 Pacific Western OH Corp
*
8,900 Pandem OH Corp
*
3,800 Pantepec Oil of Venezuela..*
72,300 Plymouth Oil
.5
10,000 Producers Royalty Co..
*
450 Pure Oil Co 6% pref
....100

7,700

IX

ig Sale*

1

Class B v t c
300 Mountain & Gulf Oil Co

4,000

X

*

81,700,Mo-Kansas Pipe Line

300

2,500
4,900

Class A vot trust ctfs
Class B vot trust ctfs..

Mar. 12

2% Mar. 7
% Jan.
4
2% Mar. 24
2% Jan. 22
24% Feb. 29
35% Mar. 31

3% Mar. 22
3% Mar. 21

Mar.

10% Mar. 9
X Mar. 14

1-16 Mar.
1
5
Mar. 26

Mar.
8
Jan. 26
Mar. 7

2

Mar. 12

1%
%
1%
1 %
25%

1

1

4|

2

20

1% Jan. 13
7

1
7

4

9X Mar. 28
X Mar. 15

5% Mar. 30

19
2
8

Jan. 26

Middle States Petroleum—

1,600
29,300
1,000

9% Mar. 9
% Jan. 15
X Jan.
7

Mar.

1

IX

7

Mar.

8% Feb.
X Jan.
% Feb.

2

X

%
2%
2%
5%
%
X

Jan.
8
Mar. 29
Mar. 29
Jan.
6
Mar. 5

9
9
9

3

IX Sale

%
1%
IX
4%
%
X

1

IX Mar.
IX Mar.
Mar.

8
8

Jan.

19

1% Mar.

5
7
2

7

20

9
18

4

.

2% Mar. 18

1*

ff

17% Mar.
15% Mar.

20
13

X Mar.

Mar. 18

X

2
zx

4

Jan.

9% Mar.
% Mar.
X Mar.

51

3%
Sale
X Sale
6X Sale

Jan.

18

Feb.

15% Jan.
23% Feb.

9X Mar.
X Mar.
% Mar.

9X
X
X
X. Sale

X

37

12

2

7 X

Feb.

14% Mar.

9

14

9

5-16

2

10

5

Jan.

7
9

Mar. 12

1-16
10
Sale

20

8

1

4X
X

Jan.

8

2

4

22

4% Jan. 27
76% Mar. 9
6% Mar. 7

4

% Mar.

Sale

Jan.

9% Jan.

7

4

5

34

18% Mar.
27% Mar.

Indian Terr I Jum Oil Co

700

400

15

8

9

% Mar. 24
2% Mar. 1
2% Mar. 8
5
Mar. 12
X Mar.

34"

Feb.

Jan.

Jan.

1

29

4

Mar. 17

1

28X

28

3% Feb. 11

% Mar. 19
IX Mar. 29
IX Mar. 29
4% Mar. 23
% Mar.
5
X Mar.
7

?8

Feb. 19
Jan. 19

Jan.

5

5% Mar.

2
2

5

3
8

3

8

Sale

IX
IX

6

60

Sale

21

Jan.

Mar. 8
Mar. 2
Feb. 18

Mar.

15% Mar.

% Mar.

....

.....

Mar.

9%
9%
7%
10%
9%

3

IX Sale

~2X "2X

49

8

X Sale
IX Sale
IX Sale
4X
4X
X
X
X

2

T% "2

8
6

3% Mar. 31
6% Jan.
5

12% Mar. 17

100

Preferred

*
48,800 Creole Petroleum Corp
2,400 Crown Cent Petrol Corp
*
4,400'Darby Petrol Corp..
...»

650|
Preferred
72,100 Gulf Oil of Pa

X

35

80

85
15

27

16

42% Feb.
7% Jan.

12% Mar. 17

Sale
1
IX
X
7A

Jan.

7% Mar. 26

Jan.

Mar.

5%

IX Sale

6

4

17% Mar.

Columbia Oil & Gasoline—

4,600
42,500

18

Mar.

14% Mar.

£1

8

4

Jan.

90
30

1
9
7

10

Mar. 17

24

24X Sale

5%

5

Jan.

35

76% Mar.
6% Mar.

5
3
2

14% Mar. 30
12% Mar. 26
17% Mar. 19

17

15

6

1
8

32

12X Sale

X Sale
2X Sale
2X Sale

50

Preferred

23

39

9X

10

*

com

British-American Oil Co.

1,800

X
X
2% Sale

10

Preferred

200

Mar. 22

30

4% Mar.

Mar. 17

5

10

85
17

7%

68

74

19
30

73 %

Mar.

70
7

5

SSX
39
15% Sale
13 X Sale
17%
18
25 X Sale

32

♦

200

2

4

Jan.

7% Jan.

SX Mar. 23

10

11

14% Sale
13% Sale

Class A

200 Atlantic Lobos Co

Feb.

16

3% Mar. 17

7% Mar. 26

SX Mar. 10

STOCKS.

200

700

1

SX Mar.

4

SX
65

70

9

27

26,800'American Maracalbo.
9,600 Arkansas Nat Gas com

700

8X Mar. 16
SX Mar. 31
9X Mar.
1

4

SX

6X

6

25
10
25

5% cum pref
100
110 Swan & Finch Oil 7% pref.25

72,400
5,400

65%

50

Standard Oil (Ohio) com. .25

OTHER OIL

14,200
2,500
20,300
1,100

7%
8X
SX Sale
9%
10X

4X Sale

100

""""15

9%

9% Sale

70
6
9

Standard Oil (Nebraska)

U
Sale

Mar. 31

8

8

Jan.

75

26% Jan.

8

60
5
8

Standard Oil (Ind)
Standard Oil (Kentucky)

8%
8%

Sale
Sale

45

6

30% Mar.

4

7% Mar. 26
Mar. 3
49
Mar. 8
9% Mar. 8
9X Mar. 2
7% Mar. 14
10% Mar. 9

35

34

28X

35
Sale

46

SX Sale

25

South Penn Oil

9

93

317 Sale"

100

Southern Pipe Line

90

7

10

.....

250 So West Pa Pine Lines

ibi~,§66

7
Sale

7

.

Ohio Oil 6% cum pref
800 Penn Mex Fuel

33

81

SIX

45%
8%
8%

.....

4,000
47,400

SOX

87

Sale

25

100

30% Sale

6

22,700 Humble Oil & Refining... .25
*
42,500 Imperial Oil (Canada)..
Registered
*
1,800
10
4,600 Indiana Pipe Line...
5,800 National Transit.......12.50
..10
1,400 New York Transit
New..
10
1,500
50
650 Northern Pipe Line..

500

5 100

Feb.

90

28

46,100

8

13

1% Mar. 30

50

6

5

7
34

"I",355

6

1% Jan.
% Jan.
85

OIL

STANDARD

75%

"'"555

3
1

9

IX Sale

100

31

500

4

Mar.

IX Mar. 30
6
Mar. 29
39X Mar. 18

34 X

85

2,300 Buckeye Pipe Line
1,900 Chesebrough Mfg

2,800
2,100

Jan.

2% Mar.

4

13

22

100

50

1,300

100

Mar. 28

Jan.
Jan.

SUBSIDIARIES

8,500
11,300

63

79

IX Sale
8% Sale

13% Sale

850 Borne Scrymser Co

400

—1% Jan.
X Jan.

8

Mar. 28

Sale

97

% Sale

750

"'"ioo

1

Mar.

3X Mar. 17
78
Mar. 22

98

95

*
100 West Massachusetts Cos
100
50 Western Power pref.-.
100 Winnipeg Elec Co com
20 Wisconsin P & L 7% pref.100

25

""'ioo

Sale Prices.

IX Mar. 28

IX Sale

IX Sale

100

7% preferred

Highest.

Sale Prices.

63

*
♦

Util Pow & Light com

Lowest.

Sale Prices

96

1% Sale

300 Utah Power & Light pref-100
50 Utica Gas & Elec 7% pf.._100

79,627
3,700
1,050

Highest.

Sale Prices.

March 31.

March 1.

Ask.

Stock purchase warrants..

75

29" loo

Bid.

PUBLIC UTIL. iCond.)
Par
U S Elec Pow com with warr_*

300

Shares.

Shares.

RANGE SINCE JAN. 1.

PRICES IN MARCH.

aggregate

March.

EXCHANGE

CURB

YORK

6

7-16 Jan.
9
1-16 Jan. 25

% Feb.
5
% Feb. 19
5% Jan. 14
5
Jan. 25

2% Feb. 16
X Feb.
5
% Feb.
9
7-16 Mar.
26% Mar.

7

5

CURB

YORK

NEW
AGGREGATE SALES,
In
March.

PRICES IN MARCH.
NEW YORK
CURB EXCHANGE

Since
Jan. 1.

Shares.

Shares.

100

1932.

3~306

1

8,900 New Jersey Zinc
25
20,500 New Mont Mining Corn ___18
1,500 N Y & Hond Kosario M
10
6,400 Nlpissing Min.-h
5

100

1,900
3,600
1,300
65,300
3,600

27,100
2,600
147,800
9,900
1,000
4,100
60,800
4,700
1,700
41,900
2,500
46,300

100
400

1,500
1,900
700

18,900
500

25,900

Ohio Copper Co....

....1

Pacific Tin special atock
Pioneer Gold Mines Ltd

Shattuck Denn Mining
So Amer Gold Sc Plat

100

1.8
23*
2%

Sale Prices.
1 J* Mar.
7

Sale

13 3*
1

3*
33*
Sale

103*
12
1334
143*
3* Sale
1-16
1

934 Sale
133*
1434

34
43*

1-16 Sale

Mar. 29
Mar. 31
Mar. 21

Mar.

63*

Lowest.

Highest.

Sale Prices.
1
Feb.

Sale Prices.

134 Mar. 7
163* Mar. 26

43*
33* Sale

63*

Sale
15* Sale
3* Sale

1-16

4% Sale
1-16 Sale

1H
3*

13*
H
3-16 Sale

43*

Sylvanlte Gold Mines Ltd.-.l

3A

4 5*

5

4 3*

5

3*

Sale
3*

3 5*

3A

2

2

33*

Sale

900 Yukon Gold Co

34
1A

23*

23*

Sale

23*

234

11

Jan.

5

Jan.

11

23* Jan.

4

3-16

13* Feb. 25
23* Jan.

Mar. 19

4

7

7-16 Mar. 17

9-16 Jan.

9

Mar.

8

134 Jan. 20

23* Feb.

17

4A Mar.

1
1

53* Mar.

8

1-16 Mar.

1

1-16 Mar.

13* Mar. 7
3* Mar. 12

334 Mar.

Sale
1

7-16 Mar.

1A
3*
3*
7-16

3

1

Mar. 16

Sale

23*

1
2

134 Jan.
3* Jan.

2
6

Mar. 11
Mar. 11
Mar.
2
Mar. 24

234 Mar. 26
34 Mar. 11

6

7-16 Jan. 15

33* Feb.
6
5-16 Jan. 25

Mar.
Mar.
Mar.
Mar.
Mar.

30
8
24
14

3

23*

H
3*
3*
43*
3*

Mar. 16

3* Mar. 24
1-16 Jan.
6

23* Jan. 25
3*

Jan.

4

Jan. 20
Jan.
2
Jan. 26

Feb.
5
Mar. 9
Jan.
9
43* Jan.
8
3* Jan.
7
3* Feb.
3
3* Feb.
4
25* Jan. 13
3* Jan.
6

7-16 Mar.

11
Mar. 11

Jan.

3-16 Jan. 23

1-16 Mar. 28

334
3*
34
34
234

1

3* Mar. 24
34 Mar.
1

5

43* Mar.
1-16 Jan.

43* Mar. 15

1-16 Mar. 28
7-16 Mar. 24

1

3-16

Jan.

Mar. 21

2

Sale

334
3*

Jan. 21

14

14
1

1-16 Jan.

15

8

1

7-16 Sale

Jan. 29

8
17

Jan.

8yi

3* Mar.

Mar. 19

9-16 Mar.

Jan.

Feb.

1
18

28

Jan.

93* Mar. 3,1
13

Mar. 18

4

4

22

9

34 Mar.

1234 Jan.
3* Jan. 11

Mar.

VA

1
1-16 Sale

Mar.

1

5

13* Mar.
2A Mar.

534

1-16 Sale

^
34

2634 Mar. 4
133* Mar. 7
143* Mar. 21

2
7

1-16 Mar.

1

Sale

3

243*
93*
1434
3*

2

Standard Silver Lead
1

1534 Mar. 31

7-16 Mar. 17

*

50,900 Wenden Copper Mining....1
3,300 Wright-Hargreaves Ltd..
•

700

Sale

133*

5

200 Walker Mining......

17,300
1,800

15 A

18

Highest.
Sale Prices.

Lowest.

Ask

Sale

10

1

Premier Gold Mining.
1
Quincy Mining..
.25
Roan Antelope C Mines Ltd..
St Anthony Gold
Mining
1

14,400 United Verde Extension..
3,405 Utah Apex Mining Co

2,200

March 31.
Bid.

Ask

6-16

22"

*

Teck Hughes
800 Tonopab Mining

~7~ 700

March 1.
Bid.

17

.....25

800 Moss Gold Mining Ltd

4,400

Ask.

Bid.

......5

5,200 Mohawk Mining

RANGE SINCE JAN. 1.

Price
Jan. 2

MINING STOCKS (Concluded>

700 Mining Corp of Can.

400
"

49

EXCHANGE

6

BONDS

$
1,000
173,000
20,000

3,000 Abbott's Dairies 6s...
1942
447,000 Alabama Power 44s
1967
38,000
1st 6c ret 5s
1956
90,000
5e_
1968:
1st 5s.
150,000
.1946
1st & lef 5s
95,000
1951
898,000 Aluminum Co s f deb 5a..1952
147,000 Aluminum Ltd 5s
1948

50,000
83,000

43,000
7,000

52,000

Amer

763*

Sale

*®erlcsn Power 6c Light
!>'14.000
6s without warrants..2016
249,000,Amer Radiator deb 44a..1947
,

963* Mar. 26

963* Feb.

11

84

Mar.

9

74

Feb.

10

95

Mar.

3

873* Feb.

2

9634 Feb.
843* Jan.
963* Jan.

Mar. 29

8834 Mar. 10

80

Feb.

4

91

Mar.

98

93

Feb.

10

W*

76

94J4

Sale

94

8734 Mar. 3
913* Mar. 31
6934 Mar. 31

953* Mar. 12
97
Mar. 11
74

Mar. 12

36

Mar. 23

38

Mar.

5
4

Sale

92

Sale

Sale

6934

Sale

38

Sale

943*
70

9634

Aggregates 6a A...1943

529,000 Amer Commonn Pow 6s. 1940
180,000
Deb 5,4s
1953
78,000 Am Community Pow 54a 1953
144,000 Amer & Continental 5a..1943
634,000 Amer Elec Pow deb 6a
1957
1,266,000 Amer Gas & Elec deb 5a ..2028
263,000) Viner Gas & Power 6s...I'M**
358,000
5a
1953
,

545,000
86,000

Sale

.

45,000
204,000

101,000
44,000
35,000
39,000
119,000
703,000
92,000
199,000

8134

Mar. 31
Mar. 22

85

Sale

Mar. 26

91

82

Sale

434

Sale

2

Sale

10

Sale

Mar. 21
Mar. 28

Sale

Mar. 31

49

11

Sale

Mar. 29
Mar. 31

23*

3834
8454

Sale
Sale

30

Mar. 17

Jan.

11
15

6
9

85

Feb.

8

91

Jan.

25

9934 Jan. 22
9534 Mar. 12
983* Jan.
8

9
16

74

Mar. 12

1

6434 Feb.
35 54 Feb.

40

Jan.

Mar.

1

234 Feb.

10

11

Jan.

2

Mar.

7

2

21

934 Jan.

1334 Mar.

Mar. 28

28

8

Jan.

12

27

19

Jan.

5

Mar. 16
Mar.
9
Mar.
9
Jan. 22

52 34 Mar. 16

41

Jan.

27

423* Mar. 9;
883* Mar. 9j
37
Mar. 101

27

Jan.

30

77

Jan.

29

283* Feb.

523*
423*
883*
453*

243* Mar. 21

31

Mar. 12

20

373* Jan. 22

653* Mar. 31
8434 Mar.
7

82

Mar.

653* Mar. 31

8234 Jan.

87

Mar. 26

80

87

Mar. 26

67

Mar.

43

Mar.
7
Mar. 10

333* Sale
7834 Sale
3634 Sale

30

26

Sale

7734 Mar. 31

35

Sale

25

Sale
Sale

7634

Sale

7834

Sale

653* Sale
863* Sale

5834

Sale

483*

Sale

48

66

Sale

60

Sale

Mar.

1

19
Feb. 23

«««

8

Jan.

29

14

Rolling Mills

253,000
107,000
21,000
21,000
4,000
285,000

218,000
196,000
25,000
19,000
205,000
3,000

744,000,
195,000
120,000
33,000

Deb

44%
Amer

62,000
2,000
1,610,000
7,000
325,000
1,257,000

Appalachian Gas Corp-

536,000
483,000

Conv deb 6s

3,000

Sale

2024

1941
1956

80

Sale

Sale
Sale

843*

Sale"

973* Sale
8134 Sale

Mar.

34

Jan.

4

47

Feb.

15

Jan.

7

22

Feb.

4

163* Mar. 11
163* Mar. 26

173* Mar. 11
1634 Mar. 26

8434 Mar.

1

92

1034 Mar.

9

Mar. 23

834 Mar. 10

12

Mar.

1

1034 Mar. 21

Mar. 18

84

97

Mar.

973* Mar. 23

81

Mar. 17

7

Mar.

86

Mar.

8
3

203* Mar.

4

25
Jan. 19
573* Feb. 23

Mar. 19
Mar. 28
Mar. 21

24

35

Sale

2534 Sale

30

Mar. 21
Mar. 11

1977

45

Sale

Mar. 28

32 J*

Sale

3034 Sale
293* Sale

29

39

Sale
Sale

40

Cony deb 5s..........1950

34

Sale

34

32

Sale

32

23

1949

Mar. 21

233* Mar. 21
24

3434 Mar.

47

Mar. 21

8

28

Mar. 19

43

Jan.

28

Mar. 28

Mar. 28
Mar. 21

Mar. 28

Mar.
Mar.
Mar.
Mar.

28
24

28

3434
3334
3334
333*

22

30

Mar. 11
Mar.
1

40

3
3
2

5234

Sale
Sale

Feb.

6

39

Jan.

14

24

Mar. 21

3934 Jan.

14

30

3

35

Mar. 11
Mar. 28

33

Jan.

47

29

9

3

2434 Mar. 21

4434 Jan.

14

Mar. 29

37

4

15

Mar.

4

403* Jan.

37

Mar. 15

34
30

Jan.

Mar. 30

Jan.

7

37

Mar. 15

86

Mar. 10

83

Feb.

26

88

Jan.

6

3* Mar. 30

72

Feb.

16

54

Jan.

16

Feb.

10

Sale

63

Sale

62 34 Mar. 30

71

Mar.

3

62

Sale

443*

Sale

443* Mar. 31

53

Mar.

4

36

Feb.

Sale

2-year 6% secured notes.'33

58

Mar. 29

70

Mar.

4

58

Mar. 29

77

Mar. 17

3734 Mar.

3

35

Feb.

3734 Jan.

Mar. 28

90

4

78

9634 Mar. 16
93 3* Mar. 11
943* Mar. 10

Mar. 28
Feb. 18

84

87

Sale

78

Sale

96

Sale

9534 Mar.

1955

853* Sale

89

Sale

1957

85

s94

__

Mar.

89

Sale

78

913*

Sale

89

Mar.

1

91

Sale

1,000 Binghamton L H & P 5s..1946
122,000 Birmingham Elec 434s...1968
4,000 Birmingham Gas 5s
1959

Sale

9034 Mar.

3

89

Mar.

1

94

80
78

Mar. 30

80

Mar.

813* Mar.

Mar. 22

Sale

10,000
204,000
315,000
10,000
70,000
132,000

913* Sale

1

95

5

70

Sale

65

Sale

923* Mar.
973* Mar.

100

Mar. 16

96

Mar.

97

Mar. 18

65

Sale

65

Mar.

68

Mar. 24

65

Mar. 31

68

Mar. 24

95

Mar.

99

Mar. 22

95

9834 Mar.

102

Mar. 22

97

Mar. 28
99
Feb. 18 102

Mar. 22

Sale

983* Feb.

1947

Brooklyn Boro Gas 5s A..1967
Brooklyn Edison 5s E....1952

66

Mar. 31

65

99

Sale

100

•

933* Mar. 23

1956

101

Sale

101

Mar.

101

Mar. 26

1939

10134

Sale

101

Mar.

102

923* Mar. 15 93 J* Mar. 23
9 100
Jan. 21
9434 Feb.
Mar. 18
8834 Jan. 14 97

Mar. 24

101

18,000
55,000
182,000
87,000
24,000
190,000
147,000
32,000
2,000
20,000
31,000
195,000
765,000
52,000
346,000
579,000
332,000

350,000
94,000
7,000
49,000
97,000
668,000
2,889,000
52,000
822,000
1,476,000
635,000

2,000

4,000

130,000
44,000
23,000
90,000
87,000
28,000
8,000

Copenhagen 15-yr 6s.. 1940

1935

1951

Sale

99J4 Sale

983* Mar. 29

9934 Mar. 10

85

Sale

Sale

82

Sale

85

Sale

85

70

Sale

663* Sale
723* Sale

64

Mar. 31
Mar. 28

70

Mar. 21

70

Sale

7434 Sale

1981

Cent Pub Serv deb

534s„_1949

92

Sale

623
203

Sale

1948

33
36 34
46 3*

Deb
53*s__....Sept 15 1954
Cent States Pr Sc Lt 5 3*8.1953
Cent Vermont Pub Serv—

5s series A

>89
Sale

.

.

3

Mar. 21
Mar. 31
834 Mar. 31
83* Mar. 31
3334 Mar. 31

75

15

91

Mar. 10

85

Feb.

64

Mar.

9034 Jan. 16
743* Mar. 3

70

Sale

1734

Sale

Sale

3634 Sale
3834 Sale
563* Sale

Sale

Sale

Sale

61

70

Sale
Sale

60

67

9

834
333*
3534
413*

Sale
Sale
Sale
Sale

s35

40

72

Jan.

Mar. 31
Mar. 26

8334 Mar.

3

Mar. 10

Mar.

Mar.
Mar.

17

12
2

Mar.

85

Jan.

7

663* Mar.
825* Mar.

3

8234 Mar. 11
9034 Mar. 15

60

1959

Chicago Dlst El Generating
296,000
43*8 series A
1970
Deb 5Ms
72,000
1935
41,000 Chic Pneum Tool 5J*s
1942
182,000 Chic Rys 58 ctfs of dep..1927
Cigar Stores Realty—
248,000
53*a series A
1949
63,000 Cincinnati Street Ry 53*sl952
6s series R
41,000
.1955

Mar.

91

8934 Mar. 19
743* Mar. 3
773* Mar. 3

6234
67

5 3*s without warrants. 1949

Cent States Elec 5s

863* Mar. 31

663* Mar. 18
8234 Mar. 11

43$s E..1957
1955

28

Jan.
Jan.
Jan.

803* Jan.

843* Mar. 14

Sale

100

Feb.

5

8634 Sale

86

22

75
76
85

70

Mar.

893* Sale

Central Power 5s ser D..1957
Central Pow & Lt 5s
1956

For other footnotes see page 54.

83

W*
82

733* Jan.

21

70

73

5

Mar. 24

Jan.

1

7134 Mar.

1

Jan.

773* Jan.
813* Feb.

Mar. 28

9

Mar.

Mar. 22

983* Feb. 25

Jan.
Feb.

Mar.

1935

4H» series H
Cent Maine Pow
5s series D

s71

7134 Sale
7034 Sale

1960

Cent 111 Pub Serv 43*s
F.1967
5s Series G
1968




99

79

Capital Admin 5s A

561,000 Caterpillar Tractor 5b
81,000 Cent Arizona L & P 5s

499,000

983* Sale

22

983* Feb.
983* Jan.
733* Jan.

Steamships 5s..1955

1953
Without warrant.....
905,000 Carolina Pr Sc Lt 5s
1956

181103
Mar. 18 102

7334 Jan.

5H«-—1947

20-year guar 454s..
Can Nat

9
23

6

80

8

Jan.

963* Feb. 29
93 A Mar. II
943* Mar. 10
4
94
Mar.
9
Mar. 30: 80
Mar. 30
Jan. 28! 813* Mar.
8
Mar. 22 -753* Jan. 25
Jan.

8334 Jan.
8334 Jan.

Mar,
9
Mar. 30

90

93

Boston Sc Maine RR 6s...1933
Broad River Power 5s A.. 1954

Canadian Nat Rys 7s

29

66

1952

Canada Cement

23

35

Burmeiater Sc Wain Co of

67,000

6

Jan.

3734 Mar.

24J4 Mar. 21

68

..I960

1,000

14

Mar. 21

443*

Atlas Plywood 5^s_.
1943
Baldwin Locomotive Works

Buffalo Gen Elec 5s
1st & ref 5s

22

23J* Mar. 21

61

67 3*

1944

Boston Con bo 1 Gas 5s

4434 Jan.

8434 Mar. 29

5^s A...1955

5s series B

3

28

194.000 Assoc Rayon
Corp 5s
1950
262,000 Assoc Simmons Hard 6
His 1933
22,000 Assoc Telep Co Ltd 5s...1965

88,000
69,000
68,000
7,000
3,000
3,379,000
52.000
17,000

Mar. 24

28

Blackstone Valley G & E—

88,000
26,000
40,000
7,000
3,000
2,508,000
3,000
17,000

Mar.

2334 Mar. 28
57 34 Mar. 11

Sale

1

86

4

27

June

5

Mar. 21

Sale

B

Jan.

203* Mar.

Sale

ser

975* Mar. 23

47

Sale

1st M 6s

14

7

Sale

37

58 series C

28

Mar.

473*

Sale

Bell Tel of Canada 5s

26

Jan.

60

27

447.000

Jan.

133* Jan.

4

Sale

5H% notes.....
1933
58.000 Beacon Oil 6s with
warr.1936

16
85

5934 Mar.

3934

.....1949

7
4

Mar. 18

83* Jan.
734 Jan.
78
97
75

Mar. 24

Sale

1968
5s registered..........1968
5 Ha
1938

'476,000

Mar. 23

60

32

5s

Assoc Tel Util

18

19

92

4

Sale

Assoc Tel & Tel

29

593* Mar.

...1938

43*s C registered

223* Feb

Sale

34

414s series C

163* Mar. 26
8034 Feb. 10

76

60

221,000 Assoc Gas & Elec
43$9_„_1948
2,000
4Hs registered
1948

556,000

55

45

78

Sale

62,000

Mar. 10

Mar. 28

Dyeing Sc Printing—

72,000

208,000
181,000
77,000
1,000
65,000
3,000

103*
1034

Sale

55

9,000

22.000

Sale

Sale
Sale

1953

899,000
1,723,000
90,000
25,000

45,000

Sale

10

1634
9034

76

Jan..29
Jan.
5

67

60

7

"

Arnold Print Works 6s...1941.

13,000
6s with warrants
879,000 Associated Elec 4^8

3,277,000

337,000
776,000

8

Sale

12

Sale

85

81

86

1945

Con» deb 6s series B...1945

68,000 Appalachian Power 6s
19,000
5s...
_•
800,000 Arkansas Pr 6r Lt 5a

1,000
146.000

10,000

1933

1936

63*« without warrants. 1936
670,000 Appalachian El Pr 5*
1956

1,350,000
18,000

notes.

Seating 6a.

Mar. .30
Mar. 30

43

.1948

10.000

3,379,000
9,000
973,000
4,169,000
2,000
410,000

148.000

f 5»...

Amer Solv Sc Chum 6s....1936

Assoc

12,000
371,000

s

75

Jan.

19

893* Jan.

15

89

Jan.

92

3

60

Jan.

70

1

583*
83*
83*
3034

Jan.
Mar.
Mar.
Jan.
Jan.

P

Jan.

33

42

Jan.

8

40

Mar.

59

Feb.

17

Jan.

22

18

Mar. 10

1534
393*
413*
563*

Mar. 12
Mar. 10
Mar. 9
Mar. 1

85

Mar.

5

IW.

Jan.

2

Feb.

29

Jan.

14

Jan. 14
Mar. 12

14

833* Mar.

3

90

7334 Mar. 5
773* Mar. 11

68

Feb.

8

67

733* Mar.
5
793* Jan. 25
503* Jan. 29

I

693* Mar. 28
73

45

Mar. 28

42

Sale

Mar. 28
Mar. 15

45

Mar.

1

42

49

Mar. 10

40

Feb.
8
Mar. 28
Mar. 15

50

Jan.

3334 Mar. 29
5734 Mar. 30

40

Mar.

2

30

Feb.

11

40

Mar.

2

62

5334 Jan.

6

62

Mar.

3

67

Mar.
Mar.

31

60

3

60

67

Mar.

3

413* Sale

40

573* Sale

Mar. 22

Jan.

6

NEW

50

YOEK

NEW YORK
In

Price

CURB EXCHANGE

Since

Jan. 2

1932.

1.

Jan.

Bid.

BONDS (Continued)—

124,000
4,068,000
173,000
123,000
598,000
29,000
23,000
154,000

1966
1950

353,000 Cities Service 5s
Conv deb 5s
16,109,000

578,000 Cities Service Gas
283,000 Cities Serv Gas Pipe L 6v_1943
1,756,000 Cities Service P & L 526«.I952
1954
235,000 Cleve Elec Ilium 5s
5s series B
1961
163,000
5s
1939
723,000
-

Ask,

March 1.

Ask

Bid.

45 26

Sale
Sale

5526 Sale
542a Sale

10024

Sale

46

Sale

4526

Sale

5426

42 96

Sale

62

Sale

5326
10022
9926
10023

Sale
Sale
Sale
Sale

Ask,

Sale Pnces

Sale Prices.

42 26

Sale
4526 Sale

4226 Mar. 31
s4423 Mar. 28

5523 Sale
62
Sale
5026 Sale

5423
6123
50 26
10026
9926
10026

102 26

Sale

5926
Mar. 1
65
Mar. 3
5626
Mar. 31
Mar. 1 103
Mar. 1 10326
Mar. 1 103

Bank 596«
1937
675,000
.1957
450,000 Commonw Edison 426*
5s series A
1953
31,000
5s series B
1954
13,000
4^8 series C
1956
364,000
426s series C reg
1956
1,000
4268 series E__........1960
398,000
4s series P
1981
2,762,000
586,000 Community Pow & Lt 5s. 1957
3,000 Conn Lighting & Pow 7s. 1951
...

36,000

93

Sale

9296

43 26
88

Sale

3326 Sale
88
Sale
9726 Sale
9726 Sale

Sale'

3326
8726
9626
9626
8726

Sale

Sale

8026 Sale

Sale

61

Sale

"78
5226

Sale

Sale

105

93

Sale

89

Sale

89

Mar.

Sale

12

2926

Sale

2923 Sale

28

Mar. 29
Mar. 14

75

Mar.

1,163,000 Consumers Power 4J4s__1958
63,000
1st & ref 5s.
1936
2,916,000 ContinentalGflcEl 5s
1958
208,000 Continental Oil 5«s
1937
Continental Secur 5s
1942

5,000
4,000

Series A with warrants
56,000
5s scries A without warr...
3,000 Cosgrove Meehan 626s—1945
179,000jCrane Co 5s
194t>
86,000 Crucible Steel 5s__
1940
ll.OOO.Cuban Telephone 7268--1941
2,000 Cuban Tobacco 5s
..1944
244,000 Cudahy Pack deb 5J*s—1937
118,000
5s
1946
31,000 Cumberland Co P & L 4 26 ■ '56

39*666
41,000
16,000
2,000

79,000
30,000
16,000
1,000
2,000
4,000
15,000
13,000
11,000
62,000
58,000
25,000
1,000

8823 Sale
63

Sale

7826 Sale

...

3926 Jan.

9

11

3
37

Jan.
Feb.

11

22
14

24

Jan.

19

3316
8126
6616
9616

Mar. 31
6
Feb.
Mar. 28
Mar. 29

i&X
93

Feb.

19

Jan.

2

6323 Sale
7826 Sale

7

1

82

Feb.

9

88

Mar.

7

88

8

Mar. 10

75

Jan.

26

2

45

5

Mar.

4

Jan.
Feb.

1

1

9816 Mar. 10
93/
Mar. 22
1826 Mar. 3
3026 Mar.
9
7526 Mar. 29

8823
10026
5526
7826

Mar. 1
Mar. 26
Mar. 31
Mar. 1

9513
10126
6716
8426

Mar. 29
Mar. 23
Mar. 9
Mar. 8

73

Sale

77

77
65

Sale
Sale

Sale

Mar. 28

50

Mar./ 9

50

77

64

Mar. 31
Mar. 28

109

9826 Mar.

.

Sale

8426 Sale
9726 Sale

"8326 Sale

Feb.

25

9926 Jan.

82

Jan.

29

93

Mar. 22

12

Mar. 29

21

Jan.

27

Jan.

5

31

72

Jan.
Jan.

20

81

Jan.
Feb.

8
8
3

22

20

Jan.

1(2

8726 Feb. 15 9526
10016 Mar. 26 10126
52
Fob.
8
6724
85
78
Feb. 13

9526 Sale

8

73,000
1,000

European Elec 6H«--

12,000

9,000
595,000

13

89

Jan.

15

9

64

Mar. 28

77

Mar.

9

7526 Mar. 28

83

Jan.

4

30

Mar. 14

33

Mar.

8

Jan.

Mar. 11

99

Mar. 31

1

96

Sale

58

8526 Sale
93
Sale

85

8

8326 Mar.

4

9526 Jan.
4
78
Feb. 17

Mar.

8

92

Mar. 22
Mar. 22 102
Mar.
9816 Mar. 30

102

Mar. 22

95

Mar. 30

73

Mar. 12

4326 Mar. 23
6816 Mar. 12

Mar.
Mar.
Mar.

Fob.

15

105,000
55,000

62,000
295,000
116,000
40,000
45,000
9,000

86,000
135,000
200,000

70

Sale

74

Sale

9526

24Sale"
99

Sale

2226 Sale
10026

Sale

Mar.
Mar.

70
87

Sale

21

Sale

10023 Sale
9926 Sale

Mar.
Mar.
Mar.

5

5526 Sale

41

Sale

1
4
9

9326 Mar. 15
15
Mar. 23

304,000
1,365,000

1954

Florida Power 5r Lt 5s

1934
327,000 Gary Elec 5c Gas 5s A
1956
979,000 Gatlneau Power 5s..
6s
1941
302,000
6s series B
1941
173,000
Gen Bronze conv deb 6s.l940
119,000
11,000 General Cigar serial 6s—1932
Serial 6s
1933
8,000
Serial 6s
1934
3,000
Serial 6s
1935
3,000
Gen Indus Alcohol 6 96s. 1944
13,000

28

89

9

90

Jan.

15

9726 Feb.

5

Mar. 28

5

Mai*. 29

16,000

7~O",66O
6,000
13,000

28,000
278,000
157,000
131,000
164,000

34,000
4,000
293,000

5%
5%
5%
5%
5%

serial
serial
serial
serial
serial

notes....
1932
notes
.....1933
notes.......1934
notes
1935
notes
1936

Gen Pub Serv Co 5s

Feb.

2

19

1

Jan.

22

2

1

Feb.

40

75

Mar.

7

2

6226 Jan.

5

75

9426 Mar. 9
726 Mar. 21

Fod.

26

96
26

Mar 11
Mar.
8

Mar.
Mar.

87

21

696» series A

6,000 Gen Rayon Ltd 6s A

42,000

Gen Refractor 5s

.......

219,000

6s series B._

496 Jan.

4

596 Jan.
4
496 Jan.
9316 Mar. 15

96

Mar. 11

Mar. 23

30

Feb'

15

9826 Jan.

4

13

10126 Feb. 23
Feb.

26
14
25

4 100
64

Jan.

62

Jan.

60

Mar. 12

98
40

Jan.
Mar

30

59

Jan.

29

54

Mar

1

Mar. 11
Mar. 10

57

Mar

31

6526 Jan.

44

Feb.

10

48

6326 Mar. 17

19

6396 Mar. 17

60

Sale'

54

Mar.

57

Mar.

62

4623 Sale

Mar.

48

53

53

Mar.

45

Jan.

Mar. 30

99

Mar. 30

99

Mar. 30

99

Mar. 30

Mar. 12

40
80

Mar. 28
Jan. 20

49

Sale

1

Jan

4
14

•

30 23

Sale

41

Sale

40

Mar. 28

Sale

26

Sale

25

Mar. 30

3026 Mar.

80

Mar. 12
Jan. 20

1

25

Mar. 30

35

Jan.

50

Jan.

6

60

Mar. 18

17

43

2626 Sale

49

55

Mar. 28

60

Mar. 18

4

Mar. 23

5

Mar. 17

Sale

46

Sale

3326 Mar.

1

52

Mar. 12

3326 Sale
7023 Sale

38

Sale

3026 Mar.

lj

48

Mar. 10

75

Sale

70

Mar.
Mar.

3,

34
26

Sale

77

l|

7826 Mar. 12
81
Mar. 8

14

Sale
Sale

6026
7623

Sale
Sale

34

51
73

Sale
Sale

74

Sale

66

Sale

12 26 Sale
1026 Sale
5223 Sale
7126 Sale

3326 Mar.
1216 Mar.
1026 Mar.
5126 Mar.
7126 Mar.

2| 45
22 16
31 1426
28 6216
29 78

66

7026 Sale
64

Sale

6126

Sale

Sale

66

Mar. 31

83

67

Sale

6626 Mar. 29

74

6523 Sale
6426 Sale
33

Sale

Mar.

1

70

6126 Mar.

1

68

Mar. 19

38

64

30

Mar.
Mar.

9
8

Mar. 23
Mar. 10
Mar.
8
Mar. 2
Mar. 8
Mar. 10
Mar. 11
Mar. 7

10026 Mar. 12 10026 Mar. 12

8

Jan.

6*

2

Jan.

4

26

Feb.

6

2996 Jan. 14
5
Mar. 17
52
Mar. 12

26

Jan.

2

48

62

Jan.

11

7026 Feb.

9

81

Mar.

3326 Mar. 2
1126 Jan. 12

60

Jan.

17

Feb.

Mar. 10

7826 Mar. 12
8
12
13

1526 Feb. 19
6296 Mar. 10

9

Feb.

51

Jan.

15
2

6926 Jan.

5

78

Feb.

Mar. 31
6
6226 Jan.
4
54
Jan.
5
50
Jan.

85
74

Feb.

70

Mar. 13
Mar. 11

66

30
100

Mar. 19
Feb.

68
40

16

Mar.

Jan.

7

8 10026 Mar. 12
8
8 10026 Feb.

10026 Feb.
9826 Jan.

20

9926 Feb.

98

Jan.

26

99

Feb.

17

10

Jan.

15

15

Feb.

26

9926 Feb.
9826 Sale
9823 Sale
97

Sale

9623 Sale

9726 Sale

9926 Mar. 10 10016 Mar. 30
Mar.
4
9826 Mar.
1 99
9626 Mar. 1 9826 Mar. 11
96
Mar.
5
9726 Mar. 17

6526 Mar. 12

3026 Sale

26

Sale

30

Sale

25

Mar.

2

6826 Mar.

2426 Mar. 24
63

30

8

25

6516 Mar. 12

Mar.

4

326 Mar.

Sale

3

4

30

Mar. 29

40

60

Mar. 18
Mar. 2<t

35

30

Sale

Sale

Mar. 18

Mar.

7

3

98

Jan.

9826 Jan.
9426 Jan.
9326 Jan,

13 10026
7 10026
8 99
5 9896
18 9796

16

Mar. 22

21

Mar.

85

Mar. 19

83

Mar. 30

86
90

Mar. 12
Mar.
9

60

Mar.

Sale

1626 Sale

8523 Sale

'8326 Sale

3426 Mar. 31
8926 Mar. ~
7226 Mar. 31

40

Sale
Sale

3426 Sale
9126 Sale
7226 Sale

93J6 Mar.

7

77

Mar.

8

67

66

Mar. 22

70

Mar.

20

1944

2,000 Georgia Carolina Pow 5s_1952
916,000 Georgia Power ref 5s....1967
1978
61,000 Georgia Pow 5c Lt 5s

4

6526 Mar. 16

18

Jan.
8
Mar. 30
Mar.

4

Mar. 11
Mar. 17

6526 Mar. 12
32
Jan. 14
25
Mar.
2

68 26 Feb.
32
Jan.

13

4196 Jan.

13

24J6 Mar. 24

25

Mar. 24

11

70

Jan.

18

396 Mar.
3
2526 Jan. 26

8

Jan.

40

Feb.

11
29

1126 Jan.

50

Feb.

Gen Water Wks Gas 5t Elec—

89,000
2,000
333,000
28,000

4

99

4526

1933

6s with warr Aug 15...1937
11,000
1943
289,000 Gen Water Works 5s A

9

Jan.

8

45

57

Gen Vending Corp—

5,000
75,000

7

9496 Feb.

Mar. 10
Mar. 12

60

1931

1956
1948

Mar.

Sale

Sale

54

6026 Sale
4523 Sale

..1953

Gen Pub Utilities Co 6s

V

7
3

Mar. 16

Fod.

Mar. 28

Gen Motors Accept Corp—

62,000
24,000
62,000
53,000

Mar. 12

8026 Jan.

10126 Mar. 23
9916 Mar. 21
6026 Mar. 8

10026 Mar.
9926 Mar.
59

5626 Sale

Certificates of deposit
Florida Pow Corp 526s A 1979

Mar. 23
Mar.

1

Mar. 16

9126 Mar.

s7

1931

Fisk Rubber 5Hs-.

Mar. 12

% Feb.

1957

1st 7s without warr

7

Mar.

First Bohemian Glass Wks

49,000
51,000
11,000
130,000
472,000

14

Jan.

Mar.

89

Finland Residential Mtge
Bank 6s
1961
232,000
428,000 Firestone Cotton Mills 5s.l948
Firestone T 5c R Cal 5s._1942
146,000

8496 Jan.
99

Mar. 22 102
9826
Jan. 28
73
6
61
Jan.
3226 Jan. 27 43 26
68 26
58
Mar. 31

1

32,000 Farmers Nat Mtg Inst 7s .1963
1933
21,000 Federal Sugar Ref 6s
930,000 Federal Water Service 5s_1954

104,000

30

Mar. 31

87

5

Without warr

443,000
4,000 European Mtge 5c Inv 712s.'50
7s Series G
1967
873,000
44,000 Fairbanks Morse 5c Co 5s. 1942

131,000

268",000

.

Feb.

77

2

38

1967
1965

;

Mar

9

81

5

6H» with warrants....1953
Erie Lighting 5s

Mar. 30

Mar. 31

Mar.

58

50

16

Mar. 11

92

Sale

50

11

99

97

6426 Mar.

85

19

Jan.

Feb.

87

81

Sale

Jan.

41

40

Mar. 29
Mar. 23
Mar. 9
Jan. 18

Mar.

102
97
38

4

94

Mar. 12

Sale

92

Feb.

8 10626 Jan.
7
Mar. 12
8 101

33

Sale

82

Sale

5

18
18

80

Mar.
1
Mar. 28

99

8426 Mar.
77
Mar.

7

Mar. 10

612-6 Feb.

18 109

10326 Mar.

Mar.

9396 Jan.
84

7526 Mar. 28
Mar. 14
8326 Mar. 30

30
82

Mar. 30
Mar. 30

5

9826 Mar. 22
9826 Mar. 31
9326 Mar. 11.

19

9426 Sale
10026 Sale
5526 Sale

4

Ercole Marel Elec Mfg

28,000
1,000

Mar. 22

Jan.

8

...

1,222,000 Edison Elec 111 (Boston 5s '33
4% notes
1932
225,000
2030
2,780,000 Elec Pow & Lt 5s
20,000 El Paso Nat Gas 6 26* A..1943
6Hs
1938
33,000
1952
212,000 Empire Dist Elec 5s
757,000 Empire Oil & Refining 5 Hs '42

14

Jan.
Jan.

8126 Feb.

45

11,000
6s series A..
1949
2,000
11,000 Dayton P & L 1st & ref 5s '41
29,000 Delaware Elec Pow 5J^s..l959
15,000 Denv 8r Salt Lake Ry 6s..1960
1946
11,000 Derby Gas & Elec 5s
102,000 Detroit City Gas 5s B—1950
6s series A
1947
339,000
58,000 Detroit Int Bdge 6 Ha—1952
626s certifs of deposit._1952
4,000
25-yr * f deb 7s__ .....1952
7,000
7s certifs of deposit
1952
5,000
Dixie Gulf Gas 6H*
1937

415,000
76,000
1,328,000
14,000
31,000
144,000
235,000

9

Mar. 11

589^ Jan.

25

Mar.

43

Dallas P & L 5s series C--I952

239,000

932*665

Sale

75

'

with warrants
125,000
1967
41,000 Duke Power Co 426*-1945
50,000 Duquesne Gas 6s
6H% notes
Mar 15 1935
2,000
932,000 Duquesne Ltg 1st M 4 26s- 1957
905,000 Eastern Utii Invest 5s A 1954

44,000
36,000
13,000

14

Sale

32,000,

•

15
16

5926 Mar.
65

17 103

Mar. 11

109

1981

27 26

1

Mar. 10

8 10526 Mar. 22
Mar. 12
8 101

95

424,000
63,000
780,000
104,000

4726 Jan.
5226 Jan.

29 10396 Mar. 10
Mar.
7
19 103

6116 Mar.

9526 Sale

6348 with warrants
1943
233,000
1st & coll 68 ser \
1943
353,000
31,000 Consol Publishers 6J4s_. 1936
1941
4,000 Consol Textile 8s

Feb.

99

9816 Feb.
9924 Jan.

84

1970

14s

5126 Jan.
4
5526 Jan.
2
5016 Mar. 31

9316

1952
1969

s

8

88

43^s series H

Mar.

Mar. 22

9826 Mar. 22
9816 Mar. 31
9326 Mar. 11

Mar.
8626 Mar.
7623 Mar.
5226 Mar.
109
Mar.

10326 Mar.
9826 Mar.

28

4326 Mar.

Mar.
Mar.
Mar.
Mar.
Mar.

88

88

8024
52>£

Sale

Consol Gas Utilities—

96,000
117,000
15,000

9

Mar. 17
Mar. 22
Mar. 10
Mar.
7

10

22

5H» series E
4^8 series G
1st ref

Mar.

Mar. 11

40
Feb.
4026 Feb.

3

Mar. 22

Consol G E L Sc. P Bait—

88,000
40,000
103,000
378,000

Highest.
Sale Prices

2926 Feb.
28

Goinmeri und Privat

39,000
34,000
33,000

4726 Mar. 11
4826 Mar. 8

•V" "j ;,:V;'

VV;

238,000
141,000
31,000
13,000
182,000
1,000
207,000
904,000
149,000
2,000

Lowest.
Sale Prices.

Highest.

Lowest.

March 31.
Bfd

1941
6,000 Cleve Term Bldg 6s
2,000 Col Riv Longv Bridge 626» '53
19,000 Commander Larabee 6s—1941
6s certifs of deposit>___1941
4,000

1,000

RANGE SINCE JAN. 1.

PRICES IN MARCH.

AGGREGATE SALES,

March.

EXCHANGE

CURB

14

Feb. 27
Mar. 12
Jan.
9
6526 Mar. 16

o

21

Mar. 19
Jan. 29
Jan. 14

86
90

3426 Mar. 31
7726 Jan.
2
71
Jan.
5

47

78

Jan.

6

70

Mar/ 7

85

80
60

Gesfuerel—

144,000
645,000
50,000

32,000

68 without warrants...1953
257,000
1,087,000 Gillette Safety Razor 5s_1940
1935
122,000 Glidden (The) 526 s
Gobel (Adolf) 626s ser A.1935
With warrants
71,000

For footnotes

see page




54

7726

Sale

92

76

Sale

Mar. 10

6026 Feb.

Feb.
9326 Mar.

2

7
9

NEW

CURB

YORK

PRICES

AGGREGATE SALES
In

March.

1932.

10,000
42,000
39,000
22,000
164,000

33,000

70,000
176,000
46,000
32,000
245,000
6,000
5,000
118,000

Godchaux Sugars

Ask.

Bid.

BONDS—Continued.

4,000

RANGE SINCE JAN. 1.

MARCH.

Jan. 2

Jan. 1.

3,000

IN

Price

NEW YORK
CURB EXCHANGE

Since

51

EXCHANGE

March 1.

Lowest.

Highest.

Lowest.

Highest.

Sale Prices.

Sale Prices

Sale Prices

Sale Prices.

March 31.

Ask. Bid.

Bid.

Ask.

65

Sale

Sale

Grand Trunk Ry 6%«...1936
Grand Trunk West Ry 4s 1950

96

Great Northern Pow 58—1935

99 %

96

Sale

Mar. 31

65

Mar. 31

7% Mar. 21

7%s—1941

Grand (F & W) Properties—
Conv deb 6s
1948

15

Mar.

65

96

Mar.
Mar.

59

Sale

99% Mar.

1
7

98% Mar. 19
69

9

Mar,

1 100% Mar. 22
98% Mar. 11

97% Sale

95

Mar.

14

Gt West Power Calif 5s—1946

7

14

Mar. 31

2

Guantanamo 8c W Ry

6s_1958

Sale

Sale

100
69

16
Jan. 30
Mar.
9
Jan.

100% Mar. 22
98% Mar. 11
84% Jan. 21
5
Jan.
5

97% Feb.
91% Feb.
5
14

Feb.
Jan.
Mar.

39% Mar. 11

25

Feb.

17

92% Jan.
92% Jan.

29
2

96

Mar. 11

Jan.

29

84

Jan.

67 % Feb.

23

75

Jan.

08O

Jan.

83

68.1944
19

29

Jan.
Feb.

87
55

13

86% Jan.

7% Mar.

2

Green Mountain Pow 5s.1948

Ground Gripper Shoe

Mar. 31

65

15% Mar.

19% Jan. 22

Guardian Investors Corp—

19,000
171,000
82,000
61,000
15,000

5s ser A
th warr.
1948
31,000
574,000 Gulf Oil of Pa deb 5a. ...1937
513,000
Sinking fund deb 5a—1947
1*56
169,000 Gulf States Util 5a
46,000
4%s series B__
1961

6,000
117,000
5,000
1,000
92,000
241,000
28,000
60,000
23,000
63,000
150,000
56,000
16,000

49,000
250,000
16,000
1,000
139,000
344,000
121,000
215,000
60,000
129,000
317,000
87,000
43,000

6,000
44,000
20,000
3,000

Hamburg Elec Co 7a__
1935
Hamburg El & Und Ry 5%s'38
Hanna (The M A)(Co 6a„1934
Havana Docks 7s
1937

94

Sale

92%

Sale

Sale

Mar. 11

96

Mar. 14

82

Mar. 11
Mar.
4

Mar. 26

74

Mar. 14

Mar.

" Sale

3

75

Mar.

1

71

33% Mar. 31

40

Mar. 10

30

90

33% Sale

Mar.

1

91

Mar. 14

88

Jan.
Jan.
Feb.

Mar. 22

99

Mar. 22

99

Mar.

55

Sale

47

8

55

Mar. 28

44

Sale

37% Mar. 2
36% Mar. 30

45

Mar. 28

39%

Sale

38

Houston Lt 8c Pr 5a A...1953

92

Sale

91% Mar

85%
83%

Sale
Sale

83

6s

1978
1981

4%s series D
4%s series E

78 %

Sale

779,000'lnd*polls P 8c L 5s

86

82% Mar.

1

60

Sale

73

Sale

80 %
87 %

Sale
Sale
Sale

79

Sale

84%
74%

Sale
Sale

77

18

Mar.

99

Mar. 22

43% Jan.
34% Feb.
36% Mar.

55

Mar. 28

45

Mar. 28

50

Jan. 13

12
8

Feb.

51

Jan.

9
Mar. 11

89% Feb.

95

Jan.

Jan.

86

Mar. 11

Mar. 10

77% Jan.

Mar.

36

78

86

Mar. 10

1

63

Mar. 23

58

Feb.

63

Mar. 23

Mar. 28

33

Mar.

26

Mar.

48% Feb.

Mar.

7

3

86

4

5

Mar. 23

44

Mar. 24

40% Mar. 14

Jan. 21
98% Feb. 20 101
99% Mar. 11
95% Feb. 23
37
Mar. 23
49% Jan. 14
Jan. 28
38
Mar. 24 46

97% Sale
62% Sale

Mar. 22

96% Mar. 12

88% Feb.

15

96% Mar. 12

Mar.

87

85

Jan.

11

90

Sale

Z2*
78

Sale

Sale

n
I^
78

9

99% Mar. 3
99% Mar. 11
4

Mar.

Mar.

9

Mar. 31

97% Mar. 31

Mar. 31

73

Mar.

1

Mar. 30

79% Mar.

7

97% Mar. 31
5
59% Jan,

2

Mar.

Mar. 28

67% Mar. 30
•s-79% Mar. 7

86

75% Mar. 10
85% Mar. 15

Feb.

23

97% Mar. 31
Feb.

29

Jan.

14

Mar. 30

88

Mar. 28

78

91% Jan.

8

Jan.

12

67% Mar. 30

83

85% Mar. 15

Sale

Sale

85%

Sale

82

Mar. 31

90
Sale
74% Sale

88

Mar. 14

75%

Sale

74% Mar.

1

90

Mar.

95

Mar. 21

1

79% Mar.

5

64

Jan.

4

70
80

Jan.

9

90

Mar.

Jan.

8

95

Mar. 21

55

Jan.

5

91

Sale

90
57%

Jan.

5
79% Mar.
95% Jan. 15

6

70

Sale

67

5

67

Mar. 18

93%

Sale

93% Mar.

1

98

Mar. 14

92

Jan.

15

91

Sale

91

1

93% Mar. 28

87

Feb.

2

63
48

A..1957

92

Sale
% Sale

Sale

89%

Sale

Mar.

Mar.

91%

Sale

Mar.

U

47% Mar. 26

63

Feb.

63

Mar.

ll

47

Jan.

5

63

Mar.

92% Mar.

7;

82

Jan.

29

96

Jan.

9

88% Feb.

2

Mar.

9

90

Mar.

Mar. 19

98

Mar. 19!

31

17% Sale

5% Sale
5% Sale

Mar. 11

35

Mar.

5% Mar. 28

3j

Mar. 29

15
4

5

ll

17% Mar.

3% Mar. 30

1949

Mar. 14

63

Mar.

90

Sale

5

Jan.

98

93% Mar. 28

89
98

30 %

1

71

47% Mar. 26
50
Mar. 28

Sale

63

Mar. 18 s71

B..1940

Deb 5s series A

2

Feb.

Mar.

85

1955

With warrants

Feb.

92

26

UH

1963

ser

7

12

44%

38

3,000 Indianapolis Water 4%s_1940
1,000;
1st lien & ref 5%s__'—.1953
38,000 Inland P & L 6a ser C
1957
Inxull Util Inv 6s

Mar.

14
20

37

-.1950
ser

93

Mar. 11

96% Mar.

27" Sale'

26,000 Indiana Hydro-Elec 5a A.1958
1957
63,000 Indiana & Mich El 5a

1st & ref 5s
108,000 Indiana Service 5s
179,000
lat lien & ref 5a

7

96

58

Sale

59

111,000 Idaho Power Co 5s

104,000;

Mar. 18

43% Mar. 4
43% Mar. 14

39% Mar. 11

99

82% Sale

Smelt 6s_1935
Hungarian Ital Bank 7%s '63
Hud Bay Min &

352,000;
5s series C
1951
3,000;Indiana Gen Service 5s_.1948

73

99

30

Hydraulic Power of Niagara
Falls 1st & ref 5s
1950
33,000
Ref & improvement 5s. 1951
68,000
150,000 Hygrade Food 6s ser A
1949
6s series B
1949
13,000

4,333,000;
254,000

96

Mar. 17

1936

5%s

"19,666

1,325,000
118,000

Sale

90

Sale

Sale

39%

Sale

77%

75

93

93
77
70
73

94% Sale

Houston Gulf Gaa

1947
44,000 Illinois Nor Utll 5s
1957
2,000 Illinois Power 5s A——1933
500,000 Illinois Pow 8c L 5 %s
1957
322,000
5%8 aeries "B"
1954
1,029,0001
6s series A
-1953
1,169,000
5a series C
1956
140,000 Indep Oil Ac Gas deb 6a.-193<>
58,000 Indiana Elec Corp 6s A—1947
61,000'
6j^a series B—
—.1953

7,000
78,000
78,000
315,000
2,000
1,000
15,000

Sale
Sale

Oct 15 1936
6%i--1943
1943

Hood Rubber 7a

44,000
13,000
2,000
178,000
57,000
232,000
289,000
62,000
52,000
53,000
178,000

31,000

94%
93%

s26% Mar. 28
93% Mar. 17

Mar. 10

26
1

7
9

8

90

Mar.

Mar. 19

98

Mar. 19

Mar. 11

36% Jan.

15

5% Mar. 28
5
Mar. 29

38% Jan.

14

98
31

27

Jan.

15

6

Jan.

25

Intercontinents Power Co—

2,000

100", 000
48,000
90,000

97,555
45,000
31,000
322,000

118,000
Deb 6s with warrants
1948
3,000
Deb 6s without warr
1948
169,000 Internal Pow Sec 6%8 B.1954
193,000
6V^s series C
...1955
202,000
7s aeries D
...1936
175,000
7s scries D stamped-—1936
287,000
7a aeries E
1957
199,000

7a series F

91

Mar.

1

95% Mar. 24

Sale

67% Mar.

1

72

399,000

Without

6a

6

Jan.

12

6

98

Jan.

29

2
8

78

Jan.

23

97
97

Feb.
Feb.

4
4

87

Jan.

23

Mar.

9

93% Mar. 24

Jan.

75

Mar.

2

80% Mar. 28

70

Feb.

4
15

70% Sale

66

Mar.

8

71

Mar. 31

70

Mar. 29

74

Mar.

48% Sale

48% Mar. 31

50

Mar.

52%
62%
42%
47%

Jan.
Jan.
Jan.
Jan.

5
11
4
20

Sale

80

49%

Sale"

7
8

71

Mar. 31

74

Mar.

51

Jan.

48

Feb.1

7
22

1936

101% Mar.

warrants

Debenture

12

Jan.

63% Jan.
80% Jan.

Mar. 14

Interstate Iron 8c St'l 5%s '46

Interstate Power 5s

Jan.

90

78

75% Sale

Internet Securities 5a.-.1947

InterstateNat Gas 60

33,000

1,026,000

12

85

Sale

1951

.

18,000
326,000
145,000

Sale

67%

2% Jan.
6

91

63 %

1952

58,000, International Salt 5s

1,115,000
2,000

3

Mar.

64%

Sale

49

Sale

Sale
Sale

64

1952

48

1,000
114,000
53,000
8,000

Interstate Public Service
17,000
6%s series B-.-.1949
409,000
5s series D
.1956
352,000
4%«—
1958
17,000 Interstate Telep 5a A—-1961
20,000 invest Co of Amer 5s A
1547
63,000
Without warrants......
181,000 Iowa-Nebraska L&P 5a..1957
19o,000
5s Series B
1961
86,000 Iowa Pow & Lt 4%» A...1958
43,000 Iowa Pub Serv 5a_.......1957
1,000
5 Ha
1959
44,000 Iowa Ry & Light 5s
..1932
2,000
1st & ref 5s A
1945
247,000 (sarco Hydro-El 7a
1952
92,000 Isotta Franchlnl 7a
1942
46,000
Without warrants

171,000

606,000

2 101% Mar. 28
69% Mar. 9

Sale

62

Mar. 31

43% Sale

42

Mar. 30

90

1957

Mar. 14

Sale

74

Mar.

65%'Sale

65
51

Mar. 28

63

51

Mar. 10

101% Jan.

7 101% Mar. 28

42

Jan. 11
Mar. 30

85

Feb.

62

9

69% Mar.

26

51

Jan.

95

Mar. 18

_

15,000
186,000
156,000
9,000
7,000
16,000
57,000
42,000
50,000

24,000

38", 656

Italian Superpower 6a

17,000
1,000
76,000
308,000
48,000

64%
64%

Sale
Sale

75

Sale

71% Sale

76

1

95

Mar. 18

78% Mar. 14

64

Jan.

79

Feb.

25

Mar.
2
Mar. 12

61

Feb.

75

Feb.

29

Mar. 23

75
61

51

Mar.

65

Jan.

28

Feb.

18

7

65

67

Mar. 23

60

Jan.

67

Sale

65

Mar. 14

57% Mar. 18

59

Feb.

67% Mar. 19

76

72% Sale

Mar. 28

65

Sale

75% Mar. 30
72% Mar. 17
7/% Mar. 16

77% Mar. 9
78% Mar. 11

69

Mar. 23

75

98

Mar.

99% Mar. 12
82% Mar. 12
55% Mar
2

76% Sale
71

82% Sale

Sale

"98% Sale'

7

82% Mar. 12

"53% Sale"

80

Mar.

5

Mar.

7

Mar. 21
Mar.

2

49

Mar. 23

45

Sale

52
45

55%

Mar.

2

46

Mar.

27

38

_

Sale

30

Sale

Mar.
Fod.

13
19

Feb.

1

s84

Jan.

2

99% Mar. 12
34% Feb. 23

82% Mar.
Jan.

60
49

Mar. 23

48

Feb.

49

Jan.

14

19

Mar.

1

27

Mar. 29

42% Jan.

16

65

Mar.

2

56

Jan.

66

Feb.

18

5

93

Feo.

4

95% Jan.

22

7

88% Jan.
77% Jan.

28
29

99

Jan.

20

86% Jan.

9

98

12 101

94

93%

83%

Sale

Mar.

5

94

Mar.

93

Mar. 30

96

Mar.;

Sale

81

Mar. 28

85% Mar.

Sale

99

Mar. 25 101

Sale

83% Sale

82%
100

5a certifs of deposlt-..1945

7,000
170,000

39,000 Larutan Gas Corp 6%8—1935
646,000 Lehigh Pow Secur 6s
2026

38% Mar.
70

7
Mar. 31

7,000
8,000
64,000
120,000
10,000

91

Mar.
Mar.
Mar.
Mar.

94

Mar.

84

Mar.

13,000
9,000
189,000

12,000
26,000
136,000
159,000
35,000
6,000
43,000
6,000
443,000

75,000

245,000

3

Mar. 26

3

95

Mar.

1937

87

Mar. 10

90

2022

80% Mar. 29

88

Mar. 21
Mar.
2

Kansas Power 5s A

1947

80

Mar. 29

86% Mar. 11

Kansas Pow 8c Lt 5a B

1957

78

Mar.

82

n98

1942

93% Mar .

Sale

81

78%

Sale

82

Sale
Sale

96

Jan.

90

Mar. 21

90

Jan.

87% Jan.

16
18

Jan. 14

79% Feb.

26

99

Mar. 31

75

15

84

Jan.

18

Feb.

90

Mar.

5

85% Mar. 30

95

Jan.

19

64

Mar. 29

76

Mar.

2

64

Mar. 29

82

Jan.

18

67

Sale

67

Mar. 31

Jan.

14

Mar. 10

Mar. 31
Mar. 10

82

88

2
4

67

Sale

76% Mar.
93% Mar.

96% Jan.

20

76

75

Sale

Mar. 30

83

4

76

Mar. 30
Jan. 28

84

Jan.

22

56

Mar. 21
Mar. 15
Mar.
7

1955

Mar.

Sale

1

56

Mar. 21

Mar. 11

86

Mar. lo

81

Jan.

13

86

80% Mar. 31

88

Mar.

7

64

Jan.

4

88

82

Mar. 31

90% Mar.

9

70% Jan.

6

90% Mar.

Mar.

3

95

Mar. 23

90

Feb.

6

95

Jan.

87% Mar.

54%

5

92

Mar. 10

87% Feb. 24

93

Jan.

9

39% Mar. 10

32

Feb.

1

42

Jan.

23

83

Mar.

9

70

Feb.

6

83

Mar.

51

Mar. 16

50

Feb.

51

Mar. 16

liH

66

Mar. 12

54% Mar.

54% Sale

84

1943

Sale

83

Sale

83% Sale

Koppers Gaa 8c C deb 5s. 1947

1950
1945

25

Mar. 10

80% Mar. 29

87

89

1948
8..1955

Mar. 26

85% Mar. 30

1961

6% 8 aeries D..
5%8 series F

2

4

Jan.

16

65% Sale

1955

.1969

5a

Deb 5 Ks

69
s84
92

13

Jan.

80% Jan.
82% Jan.

39% Jan.
38% Jan.

Kansas Gas 8c Elec 6a

Kresge (S S) Co 5s

79

2

.

Kansas El Pow 6s A

Klmberly Clark 5s A

Jan.

72

77% Mar.

38

42,000
9,000
32,000
72,000
55,000
47,000
162,000
142,000
63,000
20,000
61,000
4o,000
615,000
397,000
98,000
63,000

Keystone Telep Co 5

Jan.

Mar. 29

18,000
9,000
9,000
29,000
20,000
22,000
98,000
35,000
32,000
9,000
12,000
11,000
263,000
190,000
27,000
28,000

6a series A

80

58% Mar. 28

36% Sale

32,000 Jacksonville Gas 5a
1942
12,000 Jamaica Wat Sup 5%s A.1955
205,000 Jersey Cent P & L 5s B...1947
1,142,000
4Hs series C
1961
111,000 Jones & Laughlin Steel 5s '39

Kentucky Utilities 5s

72% Jan.

1963

Without warrants

Kansas City Gaa 6s

:

82

Sale

81

94

76%

91

Sale

70%

Sale

Sale

,

9
11

9

Leonard Tletz Inc 7%a_.1946

6,000

144,000
66,000

Without

warrants

Lexington Util 5s

50
1952

Llbby McNeill 8c Libby 5a 1942

ties

Long Island Ltg 6a

91% Sale

1945

Conv deb 5%s A

1952

Los Angeles Gas 8c Elec 5a

61

5^s series 1
1949
Louisiana Pow 8c Lt 5a...1957
Manitoba Power 5 Ho
1951
Mansfield Mln 8c Sm (Germ)

pa^e 54




71" Sale'

Lone Star Gas Corp 5a...1942

7a with warrants
4,000
1941
7a without warranto... 1941
3,000
481,000 Mass Gaa Co 5%a
1946
5«.
1955
273,000

I'u- footnotes

50
72
75

Sale

87%

Sale"

50

Sale

94% Sale
99% Sale
85% Sale

Mar. 12

78

Jan.

81

Mar. 12

77

Feb.

93%

Mar. 19

Mar. 15

88

Feb.

99

Jan.

Mar.

94% Mar.

Feb.

70% Jan.

93% Mar. 19

84

Mar.

85
96

Mar.

96

99% Mar.
85% Mar.

9

Mar. 14

100% Mar. 22
93

Mar.

61

Mar. 14

8

91% Feb.
99% Mar.
79% Jan.

28

13
9

Mar. 14

400% Mar. 22

55

95% Sale
85

Sale

90

Sale

Sale

55

Mar.

2

93

Mar. \

Jan.

4

61

Jan.

Feb.

16

14

Feb.

24

33
30

Jan.

29

Sale

40
29

87%

Jan.

14

97% Jan.

12

89% Mar. 31

96% Mar.

4

86% Jan.

83

90

3

82

Mar. 20l

Mar.

Feb.

11

90

Mar.

11

3

NEW

52

YORK

EXCHANGE

CURB

PRICES IN

AGGREGATE SALES

RANCE SINCE JAN. 1.

MARCH.

Price

NEW YORK
CURT* EXCHANGE
_

Since

Jan. 2

Ask,

1949
65,000 Mass Utll Assoc 5s A
3,000 McCallum Hosiery 6H»--1941
1943
29,000 McCord Rad A Mfe6 s
63,000 Melbourne El Supp 734 s A '46
90,000 Memphis P & L 5s ser A..1948

114,000 Met Edison 4s series E—1971
1,000 Mich Assoc Tel 5s A„_ -.1961
3,000 Michigan Pub Serv 5s A..1947
38,000 Middle Sts Petrol 6'-$B A. 1945
2,537,000 Middle West Utll 5% notes *32
Conv 5% notes
....1933
1,958,000
Conv 5% notes.....
1934
1,772,000
Cony 5% notes
1935
1,794,000
79,000 Milwaukee G L 434®-~---1967
224,000 Minneapolis Gas Lt 4)^8.1950
197H
79,000 Minn Pow & Lt 4 >48
1st & ref 5s
-—1955
29,000
63,000 Mississippi Pow 5a..—..1955

376,000
81,000
20,000
194,000

Miss Power &

Light 5s...1957

March 1.
Bid

Ask

81X

1951

Power 5s

8134 Mar. 26

Ask

83

Mar. 15

Mar. 22

19

Mar. 24

Mar. 24

7734 Mar.

Sale

Highest.

Prices

Sale Prices.

3

8134 Mar. 26

90

Jan.

7

42

Jan.

7

42

14

Mar. 22

28

Jan.
Jan.

7

60

Feb.

4

7834 Jan.

15

4

7

3

95

Mar. 15

92

Jan.

96

Jan.

14

7734 Mar. 12

80

Mar.

73

Jan.

80

72

Jan.

72

Jan.
Jan.

26

68

Jan.

68

9334 Mar.

68
30

Sale

3134

2934 Mar. 16

33

Mar.

7

2934 Mar.

Sale

Mar. 18

57

Mar.

1

29

Mar.

2134 Sale

Mar. 26

8
9
9

Mar.

Mar. 26

3534 Mar.
3534 Mar.
3534 Mar.

19

Sale
Sale
Sale
Sale

19

Mar.

Jan.
36
Feb.
8934 Jan.
r69
Jan.
65
Jan.

17

Mar.

Sale

57

Sale

48

Sale

35X Sale
31X Sale

48

Sale

32

bOX Sale

Sale

'73% Sale"

Mar. 24

89

Feb.

38

2234
2234
9434
7534

Sale
86

Sale

77

Sale

75
69

Sale

Sale

Mar. 28

Mar.

3

Mar. 24

7534 Mar. 16
8534 Mar. 4
7334 Mar. 3
77

1
Mar. 31
Mar. 31
Mar.

96

7634 Mar.
7934 Mar.
90

8
2

Sale

67

7834 Jan.

Sale

14
14

26

74

Jan.

7934 Feb. 27

Mar. 14

84

Jan.

90

7734 Mar. 23

7734 Nar. 23

61

Jan.

8234 Mar. 10

65

Jan.

90

Mar. 17

84

Mar. 15

Mar. 14

8234 Mar. 10

79

5
Mar. 31

90

Mar. 17

73

Jan.

19

84

Mar. 15

Sale
Sale

79
75

9334

Sale

9134 Mar. 28

9734 Mar.

9

90

Feb.

4

72

Sale

9534

2

20
18

14
Mar. 24

96

6634 Jan.

79
75
98 X

4

6234 Jan.

Sale

65

76

5

Sale

Without wrrrants
Miss River

Highest.
Sale Prices.

March 31.

Bid.

Sale

1944

Miss River Fuel 6s

Lowest.

Lowest.

73

Bid.

(Continued)

BONDS

Sale Prices.

14

1932.

Jan. 1.

Sale
Sale

70
87

Mar. 28
Mar.
2

8034 Mar.

5

15

9834 Jan.

2

8034 Mar.

5

Monongahela West Penn Pub

155,000
420,000
70,000

Service 5%» B

1953

8734 Mar. 21

5s series

87%

Sale"

8834

1970

B

8734 Mar. 21

5134 Mar.

Montreal LH4P 5s "A". 1951

6534 Feb.
8234 Feb.
8134 Feb.

65

Mar. 16

4934 Feb.

93

Mar. 12

2

93

8

8734 Mar. 21

Mar. 12

Morris Plan Shares Corp—

Munson

29,000

18

65

634 Mar. 31

634 Mar. 31

5

Jan.

2

14

Jan.

93

Mar. 29

93

Jan.

28

21

Mar. 29

9834 Mar. 10
3334 Mar.
"

21

Mar. 29

30

6s A without warrants 1947

38,000

Mar. 17

32

25

Jan.

9834
4634
3434
8434

Mar. 10
Jan. 15
Jan.
2
Mar. 9

7

Mar. 16

Steamship Line

with

1937

warr

399,000 Narragansett ElecGo 5a.. 1957
1978
840,000 National Elec. Pow 5s
30,000 National Food Prod 6s.. 1944
2026
522,000 Nat Pow Ac Lt 6s4,A"
Deb 58 series B
2030
978,000
1978
1,804,000 Nat Pub Serv 5s

5

634 Sale

Sale

96

Sale

36
ooys

Sale
oaie

34 J4
78

Sale

68 X

Sale

67

36

Sale

39% Sale

25

Sale

7434 Mar. 31
6134 Mar. 31
2234 Mar. 29

93%

90

Sale

76
90

91

Sale

Sale
Sale

9334 Sale
2334 Sale

Sale

93%
33%

7434 Sale
6234 Sale

Sale

Mar.

8434 Mar.
7134 Mar.
3934 Mar.

13

7334 Feb. 13
6134 Mar. 31
22X Mar. 29

21

72

^Jan.

9

45

Jan.

14

National Tea Co—■

94,000
5% gold notes
May 1 1935
2022
78,000 Nebraska Power 6s
4%s
-.1981
131,000
79,000 Neisner Bros Realty 6s..1948
1956
507,000 Nevada Calif Elec 5s
619,000 New Eng G & Elec Assn 5sl947
5s.
1948
364,000
Conv deb 5s
1950
1,038,000
1,020,000 New Engl Pow Assn 5s...1948
Deb 5Ha
1954
951,000
246,000 New Orleans Pub Serv 434s '35

2,781,000

New York Edison 5s C
N Y A

92 X

Sale

Sale

Mar.

78

Mar.

8

69

Jan.

78

Mar.

Mar.

98

Mar.

5

88

Feb.

98

Mar.

8934 Mar.

94

Mar. 14

88

Feo.

94

Mar. 14

Mar.

31

Mar. 28

23

Mar.

6634 Mar.
52 34 Mar

75

Mar.

61

Mar. 10

6634 Mar.
5234 Mar.

Mar.
Mar.

62

Mar.

8

56

Mar.

6134 Mar. 11

53

Mar.

Mar.
Mar.

Mar. 14

57

Mar.

Mar. 12

59

Mar.

23
72 X
59 X

Sale
Sale

75

Sale

60

Sale

6634
5234

Sale
Sale

.

56
59

Sale

60 X

60

Sale

o vyx
5934 Sale

Sale

75

Sale

1951

5334

Sale

58

Sale

57
59

"

6\X
72

Sale

99 X

6134 Sale

53

Sale

s59%
8734

Sale
Sale

Sale

6034 Sale
7534 Sale
10034 Sale

65
67

Mar.

7134 Mar.
9934 Mar.

3

9

Mar. 21

97

Mar. 17

42

11

77

Jan.

27

Jan.

9

68

Jan.

9

6534 Jan.

9

Jan.

15

Jan.

11
9

70

8034 Mar.

Jan.

60

5

Jan.

7034 -Tan.

103

8

Jan.

103

Mar. 21

Foreign Invest

95,000
5fi« A with warr ants.. 1948
2,057,000 N Y P fk L Corp 1st 44«__1967
1980
3,000 N Y State E & G 434s
1956
120,000 N Y Steam Corp 5s
5,000 N Y & Westchester Ltg 5s '54
4s
..2004
42,000
323,000 Niagara Falls Power 6s.. 1950
5s series A
1959
44,000
415,000 Nippon Elec Pow 6Hs—1953
2,000 Nor Amer L & P 5% notes '33
Serial 5% notes
7,000
1934
Serial 5% notes
11,000
1935
Serial 5% notes
14,000
1936
A
.1948
160,000 Nor Cont Utll 5
1,000
534s series A reg
1948
56,000 Nor Ind Pub Serv 5s..—1966
5s series D
I960
33,000
115,000
4H* E
1970
1951
435,000 Nor Ohio P & L 534s
91,000 Nor Ohio Trac & Lt 5s...1956

101X Sale
99 X Sale

s 102%

60
Sale
8734 Sale
8034 Sale

60

Feb.

15

8934 Mar. 10

8134 Jan.

90

Jan.

14

8234 Mar. 30
9434 Mar. 19

80 34 Mar.

8234 Mar. 30
9434 Mar. 19

Mar.

7

98

Mar. 14

97

Mar.

82

Sale

8634 Mar.
1
8034 Mar. 31
9434 Mar. 18
97

84 X

Mar.

7

84

Mar. 16

82

Mar.

57

Mar. 31

Mar. 22
S10234 Mar. 1 105
97
Mar.
7
9934 Marl 16

Sale

9434 Mar.

98

10134 Jan.
97

Mar. 14

84

Mar. 16

105

Mar. 22

10034 Jan.

Mar.

Sale

6
23

Mar. 26

58

Mar.

3

45

Feb.

59

Feb.

88

5334

45

Mar. 22

88

Mar. 22

88

Mar.

88

Mar. 22

7534 Mar. 22

78

Mar.

7434 Feb.

6034 Feb.

7734

Sale

74

36

Sale

37?4 Sale

Mar. 22

3534 Mar.
s32

Mar.

92

Sale

92

Sale

94

Sale

7434 Mar. 22

Fob.

8

35

Mar.

2

s32

Mar.

3

81

...

78

Jan.

Mar.

9

7234 Mar. 29
9134 Mar. 1
8734 Mar. 29

4

Feb.

65

40

4

4

67

2 s32

8034 Mar.

Mar.

4

7434 Mar. 22

Mar.

40

Mar.

2 s32

Mar.

20

8334 Mar. 10
8234 Mar. 11
7834 Mar. 4

7234 Mar. 29

11074

8034 Mar.
81

Mar.

9
3

mar.

IU

88

Feb.

9

89J4 Mar.

9

79

Jan.

6

8

2

8734 Jan.

13

Jan.

12

88

8134 Jan.
9
9634 Mar. 10
8934 Mar. 9

Nor States Power

126,000
1,162,000

5 H % notes.

.—..1940
1961

_

4Hs

8934 Sale
83 X

Sale

8534 Sale

85

Sale

8634 Mar. 2
8434 Mar. 31

92

Mar. 23

91

Mar. 10

8234 Feb. 11
8134 Jan. 30

92

Mar. 23

91

Mar. 10

Mar.

North Texa a Utilities—

22,000
82,000

349,000
171,000
505,000

Without

Northwest Pow 6s A

1960

Ohio Edison Co 5s

1960

93 X

Sale

Ohio Power 5s series B—1952

95
87 X

Sale

85 X

Sale

8234

Pacific Gaa Ac El 1st 4 34a. 1957
1st & ref 6s B
1941

1952
1960

1st A ref 5 34s C

F

Pacific Investing 5s A

164,000
114,000
441,000
4,000
1,000
62,000
28,000
26,000
297,000
118,000
12,000

Sale

9334 Sale

Sale

8634

Sale'

82" Sale"

91

75

Jan.

12

85

35

Jan.

23

4334 Mar. 10

9434 Mar.

8634 Jan.

27

Feb.

10

Mar.

1

9234 Mar.

Sale

3

95

Mar.

1

8834 Mar.

84

7 7 34 Mar. 30
80 34 Mar. 28

Mar.

90

87

Mar.

7934 Jan. 30
7734 Mar. 30
7634 Jan. 29

50

Mar.

50

85

Mar.

Mar.

4

5034 Mar.

2

5834 Mar.

Mar.

1

9234 Mar. 12

50

87
102 X

10034

Sale
Sale

88

Sale

52 X

Sale

10334
10034
8734

Sale

Sale
Sale
Sale

8934 Sale
10434 Sale
10134 Sale

87

10334 Mar.
10034 Mar.
8734 Mar.

Jan.

11

4834 Feb. 29

1 10534 Mar. 23
10234 Mar. 22
9234 Mar. 11
l

95

Jan.

8

96

Jan.

12

8834 Mar. 11

8834 Jan.
8734 Jan.
50

Jan.

5834 Mar.

9234
1 10534
10134 Feb.
9734 Jan. 30 10234
85
Jan. 28
9234

8534 Jan.

3

28

Mar.
Jan.
Mar.
Mar.

7
4
11

8

12
13
22
11

8434 Sale
5734 Sale

67
77

Sale
Sale

6334 Sale

1

Mar. 16
8434 Mar. 1
7134 Mar. 9

4

50

64 34 Mar.
5
77
Mar. 28

s5634 Mar.
50

74

Sale

7534

Sale

7534

Sale

Mar.

75
81

Mar. 14
Mar. 30

67

Mar.

4

67

Mar. 16

Jan.

6

85

Feb.

5134 Jan.

4

7134 Mar.

Jan.

26

7234 Feb.

2

7934 Jan.

56

Jan.

72
50

6

60

Feb.

29

9
23

9

7834 Mar. 10
8434 Mar. 21

78

Feb.

4

86

Jan.

25
68

Jan.

16

25

Jan.

76

Feb/13

76

16
Mar. 14

8434

Mar. 10

79

Mar.

15

Dock A Warehouse Co

..1949

6s with warrants

6,000

116,000

9134
84

Mar. 24

85'
Mar.
3
4334 Mar. 10

1948

Without warrants
75,000
485,000 Pacific Power A Light 5s_1955
956,000 Pacific Western Oil 634s.1943
1936
23,000 Park A Tllford 6s
342,000 Penn Cent Lt & Pow 434 s 1977
5s
1979
.35,000
Penn

Sale

1954

436,000 Oklahoma Gas & El 5s—1950
16,000 Osgood Co 6s with warr. 1938
26,000 Oswego Falls Co 6s
..1941

1st & ref 4H«

4134

Mar. 26

36

Sale

1956

434" series D
61,000 Ohio Pub Serv 5s D

411,000
345,000
807,000
955,000

81

warrants......

Penn Electric 4s series F.1971

Penn-Ohio Edison 6a.
Without warrants.'.

7434

Sale

7434 Mar.

75

Sale

75

Mar.

73

Mar.

3

Mar. 14

1950

8034 Sale
79

1959

5%a series B

Penn-Ohlo P A L 534s A. 1954
Penn Pub Serv 6s C

93 X

Sale

95

Sale
Sale

1947

9734 Sale
9334 Sale

8434 Mar. 10
79

Mar.

1

10034 Mar. 11

9434 Mar.
92

Mar.

9434 Mar. 16

1954

5s series D
Penn Telep Corp 5s C
Penn Water & Pow

7434 Feb.
7134 Feb.
9034 Feb.
92

Mar.

85

lty>

Mar.

90

Sale

90

Mar.

93

90

Sale

87

Mar.

8634 Jan.

6434 Mar.

9034 Mar. 28
6634 Mar. 17

79

82

76
Jan.
134 Mar.

Penn Water Serv 5s A...1967

Peoples Gas Lt & Coke 4s B'81
Peoples Lt At Pow 5s
Phlla Electric Co 5s

Sale

8034
334

Sale
Sale

10334

79 X

1979

Sale

1966

846,000 Phlla Elec Power 5 >4*
1972
44,000 Phlla Rapid Transit 6s..1962

Mar.

134 Mar.
104

Sale

7

Mar. 21

334 Mar.
1
10234 Mar. 23

10134 Mar.
10334 Mar.
59

Mar.

105

Mar.

Mar. 29

Feb.

26

25

IP

Mar. 28

70

Feb.

82

Jan.

60

Mar. 16

Jan.

Feb.

90

1960

434s--1968

1

10034 Mar. 11

Mar. 21

6

Jan.

13

20

10234

Mar. 23

105

10134 Mar.
9934 Jan.

Mar. 29

6834 Jan.

23

5

9634 Jan.

8

8

6334 Mar.
8
6434 Feb. 25
90
Jan. 13
85
Jan. 12
70
Mar.
8

62

Mar.

2

55

Jan.

94 34 Mar. 24

96

Mar.

2

94

Jan.

58

6334 Mar.

8

5134 Jan.

6034 Mar. 28

64

2

7 7 34 Mar. 22
79
Mar.
1

8034 Mar. 15

7734 Mar. 22

81

Mar. 10

79

6234 Mar. 26

70

Mar.

60

91

Phlla Suburb Cos GAB

65,000

143,000
23,000
73,000
65,000
40,000
4,000
130,000
42,000

1st A refunding 4 34s. 1957
Piedmont Hydro-Electric Co

5834 Sale

1960

634s class A

Piedmont A Northern 5s.1954

Pittsburgh Coal 6s

1949

Pittsburgh Steel 6s

1948

A

foor

Co 6s

81X Sale
80
Sale

79

Sale

88 X

8334

Sale

1939

Portland Gas & Coke 5s. 1940
Potomac Edison 5s

434

s series

ser

E.1956

F

Sale

Mar.

8

4,000 Potrero Sugar 1st 7s
1947
13,000 Power Corp of Can 5s A..1957
54,000
434 s series B
1959

534 Sale

Mar.

9

9234 Mar. 16

8334 Mar.
7634 Mar.

1961

50,000 Power Corp of N Y 534S—1947
273,000 Procter A Gamble 4348..1947
229,000 Prussian Elec 6s
.1954
7,000 Pub Serv of N H 434s B..1957

Mar. 29

1

90

Mar.

3

81

Mar. 15

534 Mar.

534 Mar. 31

58

98

Sale

9834

Sale

Sale

22

Sale

Mar.

63

52

2934

9

Mar.

60

6434
9634
2034
8434

Mar.
Mar.
Mar.
Mar.

72

10434 Mar.

1 107

Mar. 14
Mar. 10
Mar. 15

9834 Mar. 24
30

Mar.

2

8434 Mar. 30

60

91

'

Feb.

9

Feb. 11
Jan.
6
Mar.
9
Jan.

28

7534 Feb.

27

82

9234 Mar. 16
90
Mar.
9
81
Mar. 15
Jan.

14

534 Mar. 31

10

Mar. 21

63

Mar. 14

60
Jan. 22
6234 Fob. 16 72
9634 Feb. 10 100
31
5
1934 Jan:

Mar. 10

58

50

8434 Mar. 30

85

Mar. 15
Jan.

9

Feb.

16

Jan.

28

Pub Service Co of N J—

100,000

Fat footnote*

6% perpetual certificates..

*ae page




54.

10434

Sale

L_

Mar.

7

10034 Feb.

5 107

Mar.

7

NEW

YORK

PRICES

AGGREGATE SALES.
NEW YORK
In

March.

Jan. 2

Jan. 1.

1,000
27,000
73,000
207,000
36,000
1,000
220,000
65,000
237,000

10,000

5,000

1932.

.Bid.
Ask.
BONDS (Continued)
$
4,000 Pub Serv of Nor Ills 5s C.1966
58,000
4%e series D
1978
78 3* Sale
4^9 series E__
1980
217,000
7824 Sale
4%b series P
1981
654,000
75
Sale
106,000 Pub Serv of Okla 5s D...1957
15,000 Pub Serv Subsld 5%b A..1949
524,000 Puget Sound P 8c L *%a. 1949
5s series C
..>.1950
229,000
69 % Sale
575,000
4h* series D
1950
_

2,000

221,000 Rochester Cent Fow 5s A 1V53
1953
311,000 Ruhr Gas Co (t%a
87,000 Ruhr Housing 6^« A....1958
63,000 Ryerson (Jos T) 8c Sons *sl943

84,000
122,000

137,000
83,000

37,000

928,000 Safe Harbor Water Pr 4%e *79
2,000 Salmon River Power 5s.. 1952

18,000
53,000

113,000
11,000
336,000
200,000
260,000
419,000
29,000
7,000

37,000
5.000

317,000
389,000

60,000
62,000
142,000
116,000
14,000
9,000

26,000
10,000
201,000
36,000

1,000

693* Mar. 31
Mar. 16

50

77

77

Mar. 28

Mar. 31

763* Sale

76

Mar. 30

76

76

Mar. 31

Sale

Sale

823* Mar. 31

823* Mar. 30

723* Sale

723* Mar. 30

Sale

743*
69 3*

68

68

Sale

22

823* Jan.
793* Jan.

16
19

50

813* Mar. 8
773* Mar. 9
73
Mar. 10

Feb. 25
803* Feb. 11

823* Mar. 30

67
66

11

75

Jan.

Jan. 13 106
Mar. 26 106

s673* Mar.

Feb.

65

Mar.

73

Jan.

Mar,

Mar.

2

65

Jan.

11

81

Mar.

1

113* Feb.

10

Jan.

Sale

14

Mar.

14

Mar. 31

14

25
14

'33% Sale"
Sale

30

Sale

30

Mar.

Sale

213* Mar.
213* Mar.

393* Mar. 10
313* Mar. 11
27

Mar.

8

Mar.

7

Mar. 31

23

213* Sale

Sale

75

92

Sale
Sale

76%

Sale

Mar.

80

15
91

Mar. 31

193* Mar. 17

Mar. 29

94

Mar.

76

15

Sale

19

25

16
16

Mar.

16

22

16

20

65

81

123* Mar.

14

Sale
Sale

76

2154

1

Mar.

143* Sale

Sale

s673*

9

Jan.

Feb. 11
Feb.
9

713* Feb.

75

Mar.

9

Jan.

84

7

Mar. 26 100

8

Jan.

813* Mar.

Mar. 16

83

Mar. 30

4

883* Jan.

2

2

26

30

Mar. 31
Mar. 29

40

20

Jan.

2

35

Mar. 31
Jan. 14
Jan.
9

213* Mar. 31
75
Mar. 29

27

Feb.

15

843* Jan.

7

15

94

Jan. 14
Mar.
8

913* Sale

8

893* Feb.

17

95

90H Sale

Feb;

11

95

Feb.

70

Jan.
Jan.

7
5

83

Mar. 30

963* Mar. 28

993* Mar.

5

88

313* Mar. 22
353* Mar. 24

413* Mar.

4

Mar.

8

253* Jan.
5
353* Mar. 24

35

413* Mar. 4
703* Mar. 19
743* Mar. 3

11

993* Feb. 13

Public Works—

25 3*

Sale

Southern Calif Edison 5s 1951

Refunding mtge 5s....1952
Ref Mtge 5s
279,000
..1954
337,000 Southern Calif Gas 5s... 1937
5b.....;..........
1957
18,000
12,000
5%e Series B
....1952
1st & ref 4H«
161,000
1961
Southern
Gas Co 6 Via 1935
Without warr
30,000
1944
536,000 Southern Nat Gas 6s
Without privilege
82,000

343* Sale

Sale

65

67

Sale

663* Mar. 30
653* Mar. 31

67

Sale

67

40

Mar. 30

76
76

Mar. 12
Mar. 10

773* Mar. 31
643* Mar. 31
60

70%
60

773* Sale
643* -Sale

86

Mar. 14

75

Mar. 10

Mar.

1

70

Mar.

313* Mar.

Sale
Sale
Sale

81

2

35

Mar. 23

8

6

443* Feb.
40

Jan.

42

Mar. 26

35

Feb.

9
13

633* Jan.

703* Mar. 19

65

75

6
Jan.
7
653* Mar. 31
67
Mar, 30
74
Jan.
7
643* Mar. 31
55
Feb. 18
283*

Feb.

16

Mar. 12

Mar. 10
Mar. 14

Mar. 10

7

Jan.

Mar. 23

Jan. 26

303*
Sale

77

Sale

98

Sale

97 3*

80% Sale
97M Sale
100% Sale

Jan.

11

Sale

30

Mar.

33

Mar.

4

24

Jan.

40
38

Jan.

30

Jan.

15

67

24

Sale

67

Mar.

70

Mar.

8

70

Mar.

8

75
96

Sale

743* Mar.

Mar.

9

85

Mar.

9

Sale

96

85
99

Jan.
703* Feb.
Feb.

99

Mar. 10

Sale
Sale

97

863* Sale

s953* Sale
873* Sale

1003*
953*
$953*
863*

Mar.

Mar. 10

1023* Mar. 14

Mar.

50
94

99

Mar.

Mar. 10

983*
883*

Mar.
Mar.

Mar. 11

93

Mar. 10

83

84

863* Mar. 12

91

Mar. 22

Mar.

97

Mar. 26

81

Mar.

863* Mar. 12

77

Mar.

803* Mar. 29

68

37

353* Mar. 16
363* Mar. 17

43

Mar. 12

26

41

Mar. 11

27

52

52

Mar.

7

52

91

36

Sale

Sale

1961

Mar.

3

7

Jan.
Feb.

6
4

Jan. 27
Mar.
7

Mar. 22

97

Jan.
933* Feb.
753* Feb.

Mar.

Mar. 10

983* Mar. 11
883* Mar. 10

823* Sale

96

81

Sale

99

Mar. 14

Jan.

Feb.
,

95

89

29 3*

1023*

983* Feb.
933* Feb.

Sale

Sale
Sale

95

.....

1,000 So'west Assoc Tel 5s A

Mar. 26
Mar.
4

66

1939

General 5s

Sale

39

40% Sale

6s without warrants...1935

175,000 Scrlpps (K W) Co 5J4S...1943
.....1948
41,000 Serve] Inc 5s
693,000 Shawlntgan W 8c P 4HS..1967
307,000
4%n series B_.
.....1968
5s series C
1970
617,000
4^s series D
1970
938,000
42,000 Sheffield Steel 5**•
1948
13,000 Sheridan Wyo Coal 6s...1947
Silica Gel Corp 6%% notes
with warrants
..1932
23,000
126,000 Snider Pack 6% notes...1932
13,000 Sou Carolina Power 5s_.1957
2025
1,512,000 Southeast P 8c L 6s
864,000
66,000
237,000

Mar. 30

Mar. 16
813* Mar. 8
773* Mar. 9
73
Mar. 10

Sale
Sale

79 %

90

90
Jan.
8
Jan.
9
753* Feb. 15
753* Feb.
6
693* Mar. 31
48
Feb.
8

76

100

1958
Sauda Falls Co 5s—....1955

5% G notes
...1932
1,372,000
30,000 Schulte Real Est Co 6s...1935

101,000

3

75

■San Ant Pub Serv 5s

Saxon

776,000

693* Sale

50

80
Sale
77% Sale
76
Sale

Mar.

76

Sale Prices.

Prices.

Sale

90
Mar. 3
813* Mar. 9
813* Mar. 15
813* Mar. 11
77
Mar. 3

90

*76*" Sale"

Highest.

Lowest.

Highest.
Sale Prices.

75

St Louis Gas 8c Coke 4s._1947

217,000

73" 666

Ask.

Radio-Keith-Orpheum—
Deb 6s part paid
1941
Deb 6s full paid
...1941
Reliance Management 5s. 1954

88,000
50,000
31,000
16,000

Lowest.
Sale Prices.

March 31.

Ask. Bid.

823* Sale

With warrants
100,000
58,000 Rem'ton Arms 5H% notes *33
432,000 Republic Gas Corp 6s A..1945
6s A ctfs of deposit....1945
2,000

22,000
12,000
85,000

March 1.
Bid.

1968
2,000 Quebec Power 5s
21,000 Queens Boro G 8c E 53*8-1952

19,000
26,000

RANGE SINCE JAN. 1.

IN MARCH.

Price

CURB EXCHANGE

Since

53

EXCHANGE

CURB

Mar. 26

803* Mar. 29
43

Mar. 12

41

Mar. 11

52

Mar.

7

Southwestern Dairies—

70,000

25,000
86,000
71,000
37,000
282,000
289,000
144,000
97.000
81,000
15,000
236,000
29,000

141,000
186.000

41", 600
36,000
5,000
100,000
6,000
S3,000

97,000
133,000
433,000
55,000

*41",000

2,000
6h* with warr
1938
328,000 Southwestern G 8c E 5s..1957
67,000 Southwestern L 8t P 5s_.1957
179,000 Southwest Nat Gas 6s—1945
232,000 Southwestern P 8c L 6s__2022
95,000 Staley (A E) Mfg 6s
.1942
70-1,000 Standard Gas 8c Elec 6s._1935
Conv 6s
............1935
807,000
440,000
6s.........i.....
1951
6s
..1966
354,000
1939
205,000 Standard Invest 5V$s
5f without warrants
1937
49,000
734,000 Stand Power 8c Lt 6»_.__1957
47,000 Standard Telep 5J*s A...1943
Stinnett (Hugo) Corp
7s Oct 1 '36 without warr.
337,000
7a 1946 without warrants.
593,000
1,000 Strawbridge 8c Clothier 5s *48
122,000 Sun Oil 5t*s
1939
70,000
5% notes
1934
5,000 Sun Pipe Line 5s
1940
278,000 Super Power of 111 43*«~1970
6 000

6s...

1968

99,000
3,000
79,000

41,000
274,000

89,000
179,000
6,000
44,000

2,411,000
40,000

202,000

39.000

199,000

Sale

623*

Sale

78

Sale
30

.

Sale

Sale
Sale

743*
653*

Sale
Sale

379,000
101,000
640,000

69

Mar. 31

5

157

Mar. 31

72

Jan.

1

19

Jan.

22

34

Mar.

783* Mar.

9

Mar. 31

81

Jan.

Mar.

2

70

Jan.

Sale

63

Mar. 31

Sale
Sale

65

Mar. 24

70

9

'62* "

Sale

62

Mar. 31

783* Mar. 10

62

Mar. 31

783* Mar. 10

74

Sale

653*

Sale

65

Mar. 31

79

Mar. 10

65

Mar. 31

79

Mar. 10

58

Sale

55

Mar. 31

693* Mar. 10

55

Mar. 31

73

Jan.

14

56

Mar. 30

70

Mar. 11

56

Mar. 30

71

Jan.

14

593* Mar. 24
563* Mar. 30

52

Jan.

2

53

Jan.

29

Mar. 10

'67%
64 %

Sale
64% Sale

533* Mar.
Sale

52

Sale

2

54

Mar.

7

J an.

593* Mar. 24
563* Mar. 30
683* Jan. 14

Sale

61 %

Sale

52

Mar. 31

68

52

Mar. 31

35

643*

Mar. 24

493* Mar.

4

35

Mar. 24

51

Jan.

8

31

Mar.

3

25J* Jan.

12

31

Mar.

29

Sale

28

Sale

27

Mar. 26

Sale

233*

Sale

22

Mar. 29

263* Mar.

5

22

Jan.

4

293*

Jan.

3
7

67

Jan.

7

67

Jan.

7

Sale

86

Mar.

96

Mar. 10

86

Jan.

5

96

Mar. 10

Sale

893* Mar.

91

Mar.

86

Feb.

2

91

Mar.

89

Mar.

90

Mar.

89

Mar.

4

90

Mar.

63

Mar.

63

Mar. 30

72

Jan.

25

Sale

23%

89

Sale

93 %
91

87

Mar.

703* Mar.
873* Mar.

66

Mar.

72
95

Mar.
Mar. 14

1003* Sale
943* Sale

913* Mar.
993* Mar.
943* Mar.

101

Mar. 16

883* Sale

883* Mar.

773* Mar.

69% Sale
70

Sale

70%

Sale"

Sale
Sale

66
94

99%

89

Sale'
Sale

'773* Sale"

Tenn Pub Serv 5s.......1970

6

2

87

Mar.

66

Mar. 31

84

Jan.

97

Feb.

55,000

13,000
64,000
134,000
32,000
271,000
57,000
163,000

25,000
23.000

2,000
3,000

1

923* Mar.

83
83

86

Mar. 19

573*
483*
853*
223*
913*

Mar. 8
Mar. 17
Mar. 11
Mar. 9
Mar. 1

4
5

Jan. 13

973* Mar. 11

923* Mar.

26,
1,000

8,000
4,000
18.000

117,000
33,000
10,000

17,000
263,000
15,000
369,000
2,000

*4*656

without warrants.

Texas Cities Gas 5s
Texas Elec Service 5s

58

Sale

56

1948
1960

773*

Sale

42
83 %

'89*"

Sale

20% Sale
913* Sale

Sale

55

523* Mar* 29

433* Sale

42

Mar.

Sale

77

Mar. 30

18

Mar. 30

79

833* Sale

1

823* Mar. 31
91

42

74 3*

Sale

Sale

Sale

303* Sale

Sale

22

Mar.

7

94

39

Mar.

7

43

Mar. 24
Mar.
2

873* Mar.
1
3* Mar. 24

Sale

n43

87% Sale
2

1979

Tri Utilities Deb 5«

Sale
Sale
Sale

1953

1944
412,000 Ulen Ac Co 6s.
65,000 Union Amer Invest 5s A.1948
Union Electric Lt Ac Pow (Mo)
5s series B
1967
74,000
615,000 Union Gulf Corp 5s
1950

7s_1956
Without
warrants
280,000
383,000 United Indus 6^1
1Q41
1st 6s
;
1945
13,000
183,000 United Lt 8c Pow 6M>s
1974
Deb 6s
....1975
373,000
89,000
53^8
....1959
938,000 United Lt 8t Rys 5%*
1952
6s series A
1952
173,000
5s
1932
358,000
Deb 6s series A....

97

20

Mar. 22

52
36

763*

Mar. 19

95

Sale

9134

22

Sale

92

92

Sale

Sale

'953* Sale

Mar.

923* Mar.

Jan.
Feb.

9
9

Jan.

4

61

Feb.

Feb.

26

24

97

Mar.

9

23* Mar.

7

733* Jan.
5
3* Mar. 24

343* Mar.

9

20

Mar. 18
963* Mar. 10

1 100

90

2

91

Jan.
Jan.

7
8

61

62 3*
56

Sale

21

30
58

Sale

Sale

543*
80

Sale

573* Sale

'55" Sale'

Mar. 24

43

Mar.
Mar.

33* Jan.

343* Mar. 9
713* Feb. 19
Mar. 18
963* Mar. 10

Feb. 24 100

Jan. 29

65,000 Utah Power 8r Light 5s..1944
1952
369,000 Utica Gas & EI 5s E
..1940
10,000 Valspar Corp 6s
....1937
14,000 Valvollne Oil 7s
1948
4,000 Van Camp Packing 6s

65

Mar. 28

32

Jan.

Mar. 30
Mar. 30

30

Mar. 30

Mar. 24

64

Mar.

56

Jan.

30

33
66

Jan.

15

15

Mar. 18
Mar. 31

Mar. 30

Sale

80

Sale

80

Sale

993*

Sale

973s Mar.

163*

Sale

1

543* Mar. 17

283*

Sale

23

8

21

55

11

Feb.

7
3

Mar. 24

543* Mar. 29

40

2
9

21

33

97 %
Sale

15

94

613* Mar.
273* Mar.

86

15

Feb.

923* Feb. 29

Mar. 30
Mar. 28

79

Sale

Mar. 18
Mar. 24

283* Mar. 31

3

613* Mar. 4
823* Mar. 2
663* Mar. 10
88
Mar. 3
993* Mar. 21
64
Mar. 12
193* Mar. 10
40

Mar. 24

303* Mar. 14

53

Jan.

8

50

Feb.

10

66

Jan.

78

Feb.

16

85

Jan.

2

55

Mar. 31

683* Jan.

14

88

Mar. 18

29

Jan.

29

40

Mar. 24

283* Mar. 31

31

Feb.

15

Feb.

4

51*
39

Jan.

Mar.

3

Mar. 30
5
923* Jan.
Feb. 23

80

993* Mar. 21
64

4 100

Mar. 12
14

96

80

413* Sale

.....

For footnotes see page 54.

60

Sale
Sale

Sale

81 3*
59

26

2

483* Mar. 17
853* Mar. 11

15
Jan. 21
813* Feb.
1
853* Feb.
2
29
Jan.
5

70

1973

1942
114,000 United Pub Serv 6af
.1938
4,000 U S Radiator 5s ser A
6,000 United Rys of Havana 7 His *36
52,000 U S Rubber 63*% notes..1932
Serial 63*% notes.....1933
59,000
Serial 63*% notes
42,000
1934
Serial 63*% notes
38,000
1935
Berial 634% notes
22,000
1936
Serial 63*% notes
142,000
1937
Serial 634% notes
48,000
1938
Serial 634% notes..... 1939
26,000
Serial 634% notes
38,000
1940
Serial 6s
1933
857,000




9

92
86

Hydro-Electric Co—

161,000 Texas Gas Utilities 6s....1945

40,000

20

Mar. 16

1

Jan.
Feb.

Jan.

1 101

943* Mar. 29

713*

3

Mar.

Mar. 14

973* Mar. 11
9

$YA

1
7

15

95

5

United El Serv (Unes)

151.000

27
1
14
27

74%

64

1957

457,000 Texas Power Ac Lt 5s...-.1956
6s
2022
448,000
112,000 Thermoid Co 6s with warr 1934
4,739,000 Tobacco Prod Corp 61*8.2022

121,000

4

80

14

Feb. 25

Mar.
Mar.
Mar.

34

56

1956

fenn Elec Power 5s

63* Jan.

64

Mar. 31
Mar. 30

523* Sale

1940
1944
—

14

80

20

57

Jan.

63
65

75* " Sale'
65
75

693* Mar. 31

693* Sale
583* Sale
203* Sale

Tenn Power Co 5s.......1962

Tern!

148,000

71

1961

272,000
4KB
388,000 Swift 8c Co 5s
5s
387,000
433,000 Syracuse Ltg 5s B

6

30
46 3*

37 %

Sale

Sale
Sale
Sale

40

Mar. 24

9

283* Mar. 28
30

Mar. 31

Jan.

Mar. 15

66

Jan.

14

83

Mar. 15

423* Mar. 30

40

Mar. 24

63

Jan.

7

283* Mar. 28

83
38

Mar. 10

63

Jan.

13

30

Mar. 31

46

Jan.

31

■

2

Sale

65*" Sale"

28

Mar. 30

28

Mar. 30

43 J4

Mar. 29

393* Mar.

31

Mar. 29

393* Mar.

31

Mar. 31

Mar. 31

39

Jan.

Mar. 29

383* Mar.
393* Mar.
673* Mar.

31

30

28

383* Mar. 14
433* Mar. 9

31

30

Sale

Mar.

40

Jan.

26
21

693* Jan.

16

Mar. 10

Mar. 29
6
593* Jan.
Feb.
9
75

Jan.

15

943* Mar. 11

923* Mar. 29

943* Mar. 11

$61

80

"923* Sale'

Mar.

2

Mar. 14

923* Mar. 29

82

Mar. 24

12

Mar. 24

393* Mar. 28

40

Mar. 28

12

30

Jan.

83

9

Mar. 24

22

12

703* Jan. 30
393* Mar, 28

85

Feb. 20

40

Mar. 28

5

54

NEW

YORK

nn
March

NEW YORK
CURB EXCHANGE

Since
Jan.

RANGE SINCE JAN. 1.

PRICES IN MARCH.

AGGREGATE SALES,
b

EXCHANGE

CURB

Price
Jan. 2

1.

March 1.

1932.
Bid.

BONDS (Concluded)

Ask.

Bid.

Lowest.

Highest.

Lowest.

Highest.

Sale Prices.

Sale Prices.

Sale Prices.

Sale Prices.

March 31.

Ask. Bid.

Ask.

Van Sweringen Corp—

61,000
27,000
174,000
26,000
194,000

48# Jan.

1955

91

96

78" Sale"

298,000 Virginia Pub Set 5%n A__1946
151,000
342,000

6s

1946

57# Sale

5s series B

1950

64

Sale

19

Sale

Waldorf Astoria

72

Sale
Sale

67 H

Sale
72# Sale

66" Sale

92# Mar.
96

78

67# Mar.
73# Mar.

49

Feb.

4

98

Feb.

23

96

69# Jan.

4

56

2

Mar. 31
Mar.
1

Jan.

2

793
70;

62# Jan.

5
3

8

74

Feb.
Feb.

18
10
13

Jan.
Jan.

30

13
Mar. 31
Feb. 26
Feb.

3

Feb.

23

Corp—

41,000
13,000
11,000
1,000
365,000
3,000

1st 7s with warrants
1954
818,000
1937
27,000 Ward Baking Co 6s
1960
112,000 Wash Water Power 5s
Western Newspaper Union
Conv deb 6a
1941
160,000
2030
106,000 West Penn Elec 5s
1961
76,000 West Penn Pow 4s H
1,000 West Penn Traction 5s..1960
1957
863,000 West Texas Utll 5s A
3,000 West United G & E 5#s A 55

35,000
7,000
29,000
47,000

91,000 Westvaco Chlorine 5 Ms..1937
19,000 Wlckwire Spencer 7M>--1932
1956
66,000 Wisconsin P & L 5s E
5s series F
.1958
86,000

375,000
10,000
45,000

88M Mar. 4
95# Mar. 16
71
Mar. 28
57
Mar. 30
65# Mar. 28

Sale

1942

30

88
92

1935

6s with warrants
10,000
199,000 Virginia Elec Power 5*
29,000 Virginia Power Co 5s

.

10
Mar.
1
85% Mar. 22
92% Mar. 1

Sale

13

Sale

11

92#

Sale"

93# Sale

23

95" Sale"

Sale

21

21

Sale

61

Mar. 31
Mar. 24

90# Mar. 15
74
63 #

59% Sale

100 #

Sale

"50# Sale'

100# Mar,

Sale

Sale

Mar.

Mar. 14

8

Mar. 10

80
92

Feb.

24# Mar. 15

21

Mar. 31

96

5

65# Mar. 8
92
Mar. 22
74

55# Jan.
85
74

Mar. 12

6

Jan. 25
Mar .12

29# Jan.

21

66
92

Feb. 26
Mar. 22

74
65

Mar. 12

48# Mar. 31
77

Mar. 29

80

Mar. 26

1 101# Mar. 12

99

Feb.

5

45

Jan.

64# Mar.
80

3

45# Mar. 5
85# Mar. 11

Feb.

19

9 101# Mar. 12
8 46
Jan. 16

78

Mar. 14

85

Mar. 31

82# Feb. 10
78
Mar. 14

91

Mar. 31

94

80# Mar. 21
90
Mar. 3

87

Mar. 16
Mar. 18

82% Mar. 31

82# Sale
85
Sale

20# Jan.
9
90# Mar. 5
97# Jan. 12

Mar. 26

48% Mar. 31
77
Mar. 29

45

83#

Mar. 12

15

90# Mar.

89

Jan.

15

88

Jan.

12

88# Feb.
9
80# Mar. 21

94

Mar. 16

91

Jan.

88

Feb.

2

93# Mar. 30

Wisconsin Pub Serv_____

18,000
8,000
21,000

22,000

6s Series A.

1952

91

5Ms Series B
18,000
1958
33,000 Yadkin River Power 5s__1941

Sale

'92% Sale'

93# Mar. 30

18

FOREIGN GOVERNMENT
AND MUNICIPAL

33,000
27,000
18,000
282,000
120,000

237,000
241,000
63,000
705,000
264,000

Ag~icul Mtge Bk Rep of Col20-year 7s
Jan 15 1946
20-year 7s
Jan 15 1947
Baden (Germany) 7s
1951
Buenos Aires (Prov) 7Ms.l947

7s.

22
22

Sale
Sale

25% Mar. 17
25# Mar. 24
26
38 %

Sale

10

8
7

22

Jan.

2

35

Jan.

28

21

Jan.

4

34

Jan.

7

22# Jan. 21

30

Jan.

29
13

28# Jan.
29# Jan.

43

Mar. 11

29

28

Mar. 11

43

8# Mar. 14

Sale

35 #

"41% Sale

Mar.
Mar.

29# Mar.

8
2

10

Mar.

Mar. 7
Mar. 30
Mar. 4

36

Mar. 19
Mar. 7
Mar. 29

36# Mar.
33# Mar.

Sale

1952

i

Mar. 28

39# Mar. 14.

5
4

43# Jan.

28

8# Mar. 14

15# Jan.

14

26# Jan.

5

19

Jan.

6

40# Feb.
36# Feb.

10
17

53

Jan.

7
13

75

19
4

44# Jan.
35# Jan.

Caucst Valley fDopt of) Rtp of

9,000

21,000

314,000
85,000
18,000
7,000

Colombia ertl

11

Sale

728,000
233,000

f 7s.
.1948
Cent Bk of German State &
s

_

Pro* Banks 6s
..1951
6s..
1952
71,000 Danish Cons Munic 5#n„1955
12,000
5«--.
1953

30
25

75

25
65

Sale
Sale

35

75

1

55# Mar. 16

64# Mar. 29

45

Fob.

37

Mar. 18

40

Mar. 10

37

Feb.

Mar. 29

64# Mar. 29

Danzig P & Wat'way Bo

23,000
434,000
225,000
63,000
53,000

75,000
external a f 6 Ms
1952
1,238,000 German Cons Munic 7s..l947
799,000
6e
1947
113,000 Hanover (City) Ger 7s.__i939
117,000 Hanover (Prov) 6#s
1949

37# Sale
23 %
20 #

Sale
Sale

30
27 %

Sale

24

Sale

24

Mar. 31

33# Mar.

Sale

24 %

Sale

23

Mar. 30
Mar. 26

32
32

28

21# Jan.

9

19

Mar. 9
Mar. 14

Jan.

2

27# Feb. 20
22# Mar. 30

13
14

32
36

Mar.
9
Jan. 28

31

Jan.

68

Mar. 31

14

22# Mar. 30

27# Mar. 16

4
1
9

68

Mar. 26

18

Mar. 10

32# Mar. 24

40

25# Jan.

5

40

Mar.

Mar. 29

31

Mar.
Mar.

8

23

4

29

Mar.

4

2
4
4

37
37

25

Mar. 28

20# Jan.
20# Jan.
11# Jan.

Jan.

23

Jan.

23

16

Feb.

Feb.

25

68

Mar. 16

Indus Mtge Bk of Finland

71,000
16,000
1,000
23,000

213,000
1st mtge coll * ff 7a
1944
41,000 Lima (City), Peru, 6#t_,1958
16,000 Maranhao (State) 7s
.1958
68,000 Medellin (Colombia) 7e..l951

s50

Sale

Sale

68

Sale

60# Mar.
5# Mar.
9% Mar.

15

62

Sale

15

5% Sale

Mar. 31

9# Mar.
9# Mar.

54

Jan.

3# Feb

9
9

8

15

.

5

19

Feb. 18
Mar. 26

9# Mar.

9

10

Feb.

16

18

Jan.

13

Vfendozn (Prov) Argentina

80,000
110,000

72,000
182,000
23,000
26,000

208,000
198,000
198,000
327,000
27,000
152,000

7Ms
1951
Mtge Bk of Bogota 7«
1947
7b Issue of 1927 (A&O) .1947
Mtge Bank of Chile 6s_, .1931
Mtge Bank of Denmark 5sl97J
Netherlands 6s...
1972

26,000
19,000
8,000
15,000
2,000
2,000

20,000
Republic extl 7s
68,000 Santiago (Chile) 7s ...
8,000 Santiago (City of) 7s

Sale

13# Mar. 31

Sale

63

Mar. 28

*

No par value,

n

Sold under the rule,

o

60

Mar.

1 102

Mar. 16
Mar. 16

6

Mar.

8

9

Mar. 18

Mar.

Sale

7

Mar. 31

14

Mar..

Mar. 31

1

Mar. 30

Sale

7

"%

Sale

% Mar. 24
1# Mar. 15
% Mar. 8

Saar Basin Con Counties

1945
1949

15# Mar. 15

101

8% Sale

101

26,000
7s
1935
18,000 Saarbruecken (City) 7* .1935
Santa Fe (City) Argentine

9,000
16,000
6,000

32% Sale
24% Sale
25
13 M

62,000 Parana (Stateof), 8raz7s.'58
78,000 Rio de Janeiro 6#s
1959
42,000 Russian Govt 6Ms
1919
78,000
6M» certificates
..1919
8,000
5 M«
1921
13,000
certificates.
.1921

5,000
12,000

35# Sale

20# Sale"

Sale

s

24

8

11# Jan.

26

Jan.

20

1# Mar. 15

Jan.

29

1# Jan.

28

Mar. 14

Jan.

18

1

Jan.

7

-1# Mar. 15
# Mar. 8

Jan.

18

1# Jan.
1# Jan.

29
26

1

4

# Feb. 23

16

Deferred Delivery sales,

Mar. 26

91

Mar.

4

83

Jan.

9

91

Mar. 18

96

Mar. 23

88

Mar. 18

96

Mar. 30

38# Mar. 17
12# Mar. 15

30

Jan.

10

Jan.

11# Mar. 24
8# Mar. 30

x

Ex-dividends,

17

2 104# Feb.

35

Sale

12" Sale'

1961

Sold for cash,

Mar.

88

Sale

35

10#

101

89

89# Sale
89

68

8

12

y

8
2

8# Mar. 30

Mar. 21

Feb. 19
Mar. 23

38# Mar. 17
13
Feb. 18
Jan. 21

13

Ex-rights.

"Under the rules" sales affecting the range were made as follows in 1932: Jan. 5, Netherlands 6s 1972, $10,000 at 106; Jan. 11, Cities Service

pref. B,

10 at 5; Jan. 18, Rio de Janeiro 6#s 1959, $12,000 at 16#^Jan. 25, Stinnes (H), deb. 7s 1936, $1,000 at 31#; Jan. 27, Sylvanite Gold Mines, 100 at #;
Jan. 27, Welch Grape Juice, 25 at 37#; Feb. 2, Bulova Watch pref., 10 at 12#; Feb. 4, Russian Govt. 5#s ctfs. 1921, $1,000 at 1#; Feb. 8, Public
Service of Nor. 111. 4#s 1978, $1,000 at 85; Mar. 1, Kansas City Gas 6s 1942, $4,000 at 98; Mar. 7, Central Power 5s series D 1957, $1,000 at 72; Mar. 9.
Union Gulf Corp. 5s 1950, $1,000 at 98; Mar. 9, United Light & Rys. deb. 6s 1973, $2,000 at 65#; Mar. 10, Shawinigan Water & Power 4#s series B

1968, $2,000 at 78: Mar. 15, New York &
Steel 5s 1939, $3,000 at 103#.

Westchester Ltg. 4s 2004, $1,000 at 85#; Mar. 23, Nipissing Mines,

100 at 1#; Mar. 31, Jones & Laughlin
,

**Deferred Delivery" sales affecting the range were made as follows in 1932: Jan. 2, Beacon Oil deb. 6s 1936 with warrants, $9,000 at 94; Jan. 2, Hamburg
Elevated Underground & St. Ry. 5#s 1938, $l,000 at 29; Jan. 2, Industrial Mtge. Bank of Finland 7s 1944, $1,000 at 50; Jan. 4, Pacific Western Oil
s. f. 6#s with warrants 1943, $6,000 at 51; Jan
4, West Penn Electric deb. 5s 2030, $1,000 at 53#; Jan. 5, Cities Service Gas deb. 5#s 1942, $1,000 at
61; Jan. 7, Piedmont Hydro-Electric 1st & ref. 6#s I960, 82,000 at 51; Jan. 13, N. Y. & Foreign Investing deb. 5#s 1948, $1,000 at 41 #; Jan. 15, Kansas

City Gas 1st M. 6s 1942, $5,000 at 97#; Jan. 20. Southwest Dairy Products deb. 6#s 1938, $1,000 at 7; Jan. 30, Van Sweringen Corp. 6s 1935, $5,000
48; Feb. 1, Tri-Utilties Corp. deb 5s 1979, $2,000 at 3#; Feb. ^Pittsburgh Steel 6s 1948, $l,000.at 76; Feb. 8, New Bradford Oil, 500 at #; Feb. 9;

at

Lerner Stores Corp. com. 300at 5#; Feb. 11, Peopl^G. L. & G. 4s 1981, $1,000at 75#; Feb. 18. Associated Telephone Co., Ltd. 5s 1965, $1,000 at 81#,
Feb. 29, Atlas Plywood deb. 5#s 1943, $1,000 at 33; Mar. 7, Bell Telepnone of Canada 5s 1957, $9,000 at 94#; Mar. 7, Gillette Safety Razor 5s 1940,

$1,000 at 94; Mar. 9, Pacific Gas & Electric 6% 1st pr^., $2,000 at 24#; Mar. lO. Interstate Power 5s 1957, $5,000 at 70; Mar. 12, Indiana & Michigan
94; Mar.16, United Verde Extension Mining, 100 at 2#; Mar. 17, American Solvents & Chemical 6#s w. w. 1936, $1,000 at
14#; Mar. 21, Associated Gas & Electric 6s 1950, $3,000 at 24#; Mar. 29, Art Metal Works, com., 100 at l#;Mar. 30, Arkansas Power & Light $7
pref., 20 at 73.
■:v;v
Electric 5s 1955, $2,000 at




RECORD

MONTHLY AND YEARLY

SECURITIES MARKET ON THE NEW

RANGE OF PRICES ON

Shares

March

Jan. 1 to March

NEW

AGGREGATE SALES.
In

March.

|

1.

Jan. 1 to March 31

Louisiana Geo Explor

Par.

.07

.09

K

IK

K

_*

100 Assoc Dye & Print v t c

.40

Bancamerica-Blair Cap
10
Basin Montana Tunnel A—*
Belmont Metals Corp
1

.60

IK

—1

Bagdad Copper

IK

1
Mines—$1

IK

.10

17,000 Como Mines
...
.1
2,300 Corporate Trust Shares.....
AA.

2.000

61,500
2,000

Eldorado Gold Mines

200 Ironrlte Ironer

2H

.75
.80

6

.10 Sale

2.15

2.30

M

2.35 Mar. 11

1.95 Feb

1.80 Mar. 31

3.45 Mar. 18

7,000 Patricia Birch Lake Min
1
11,500 Petroleum Conversion......5

1

1.40 Mar.

500 Public Fire Insurance......5
100 Radio Securities A.........5
14,900 Railways Coip.....
.._.*
100 Reliance Internat $3 pref..
1,000 Reno Gold Mines Ltd
1
1,300 Rhodesian Selec Tr Ltd
5 sh
100 Roxy Theatres Corp A
700 Royalties Management A
*
7,900 Sanabria Television
...._*
800 Seaboard Fire Sc Mar Ins..10
1,900 Seaboard Utll Shares warr
100 Shamrock Oil Sc Gas
*
119,400 Shortwave & Television....1
4,500 Siscoe Gold Mines Ltd
1
700 Splitdorf Electric.....
*
300 Swedish Ball Bearing..100 kx

200 Treadwell

2K Mar.

1
1
1

4

4,000 Zends Gold Mining...
♦No par

value.




....1

K Mar. 30
5K Jan.
9
K Jan. 16

Mar. 19
Mar. 14
Mar. 8
Mar. 3

.10 Mar.

.25

2.10 Sale

2.70

33c

.70
.25

.50

8

2.00 Mar.

1

K Mar. 14
K Mar. 1
4K Mar. 3
.22 Mar. 22

2.25 Mar.

1

"2K "9"

4

9K

Sale

8

Sale
44c

.37 Mar. 21
Mar.
4

.27 Mar.
Mar.

5

29% Mar. 26

4

Mar. 10
Mar. 18

Mar. 10

4

5

10

34c

Mar.

5

2
Mar. 23

Mar.

40c

4K Mar. 23
IK Mar. 14

4K Mar. 23
2K Mar. 19

2.20

2.18 Mar. 24

2.18Mar.~24

2.20

2.10 Mar. 28

2.25 Mar. 28

4K

K

3K

>ft

2.30

2.45

2.10

2.30
.30

2.45

2.11

.60

.25

.40

4

2

2.32

Sale

1H

~2%

3

1H

Z*

h*

2K
3K
K
1H
6 H Sale
.25

I

J*
%
Sale

3H

s5

i*

.50

K

'h

IK
5K

1-16

.52

.60

K

H

.65

.55

1

1

17"

27

17

27

Sale

6

4K

3K

4

Sale

.40
.50

IK Sale

K Mar. 26

Sale

.70 Mar. 5
K Mar. 3
17K Mar. 24
6
4

Mar. 24
Mar. 29

6K Mar. 18
K Mar. 26
.17 Mar. 22

.26

.28

.17

.20

1.25

2.00

2.50

2.50 Mar.

3.62

3.62 Mar.

3.25
3.65

"

3.80

1.50

3.35

"K

"M

.

'ft

1

Sale

12

J

.12

9
8

Mar. 18

Mar.
5
K Feb.
9
4K Mar. 23
IK Mar. 14
2.25 Jan.
4
2.18 Mar. 24
2.10 Mar. 28
.45 Jan.
6

34c

2

11

5

5

28

Jan.

17

4

IK

"A

4

11

Feb.

25
11

Mar. 23

7

11
11

23

__

K Feb.
9
4K Mar. 23
2K Mar. 19
2.60 Jan. 18
2.45 Jan. 21
2.25 Mar. 28
.45 Jan.
6
.15 Jan. 15
3 K Feb.
5
Mar.

1
5

2%
IK
8K
12K

Jan. 28
Jan.
4
Mar. 29
Mar.
7

25c

Feb.

18

1

Mar. 30

IK Feb.

10

Feb.

8

Feb.

8

K Jan. 13
IK Mar. 12
3
Mar.
9
1-16 Mar. 11
K Feb. 15
K Mar. 26
54c
Feb. 16
K Jan. 28
17K Mar. 24

Feb.

18

25c

IK Mar.

3

2K Mar.

5

Mar.

9

3

1-16 Mar. 11

ft
20*

Mar.

3

Mar.

5

Mar.

3

Mar. 22

Feb.

18

3 y4

Jan.

6

4«/i

Jan.

11

K Feb.
K Feb.
Jan.

2

.70 Mar.

17
15
11
5

K Feb.

5

Jan.

14

20

__

6K

Mar. 10

6

Mar. 24

6K Mar. 10

4

Mar. 29

4

Mar. 29

4

6K Mar. 18
IK Mar. 4
.25 Mar.
2.50 Mar.
3.62 Mar.

9
9
8

6K Mar. 18
% Feb.
6
.17 Mar. 22
2.50 Mar.
9
3.62 Mar.
8
3.60 Jan.
6
7K Jan. 26
K Jan.
6

3

.10 Mar. 26

1.55 Mar. 15

K Mar. 23
Mar.
7
K Mar. 7

IK Mar. 30
10K Mar. 4
K Mar. 7

.08 Mar. 28

.14 Mar. 10

Sale

%

Feb.

Jan.
Feb.
Jan.
Jan.

40c

11

12H Mar.

27

IK
3M
4K
13K

IK Jan.

8K Mar. 29
12M Mar. 7

__

.37 Mar. 21

1.55 Mar. 15

.10 Mar. 26

7

H

Mar.

5

29

5

20

Mar.

Feb.
Feb.

30

11

5

2

75c

4

IK Jan.
3X 1
3% Feb.
3 K Feb

23

Feb.

25c

27
Feb. 10
Feb. 11
Feb.

Jan.

4

.25 Jan.
1

1.55 Mar. 15

.05

7

1
.16

5

20

Feb.

2.75 Feb.

3

3.50

2.00

10

.05

IK Mar. 12
3
Mar.
9
1-16 Mar. 11

1.00

Sale

K

6K
K

25c

25

23
23

1

3

.55

3.70
Sale

1
7

Mar. 30

1.25

3"?
2

6H Mar.
12K Mar.

Sale

Sale

8
2
29

2K Jan.
IK Jan.

IK

K
IK

3K Mar.

3

n

1

Sale

IK
8K Sale
12K
.20
.25
IK
2K

26

Feb.
Feb.

Feb.

IK Jan.
5

.12 Jan.

2K Mar. 18
3
Mar.
5

4

3

Feb.

10K Feb.

4

.15

.15

.12 Sale

1

Sale

9c

7
20
17

Feb.

42c

8
Feb.
Mar. 14
Mar. 8
Feb. 19

25c

—

IK

7K
K
K
2K

1.55 Feb.

9K Mar. 19

13

Feb.

IK Mar.

11

1

2

30c

16

.19 Jan.

75c

27H Mar. 28

27

25

13

.37 Mar.

1.

5

2

29

Feb.

K Feb.

.40

.33 Sale

Feb.

K Mar. 30
10K Mar.
7
IK Mar. 30
33c
Feb. 29

IK Mar.

IK
.80

K

.87

.50

_

K Mar. 30
10 K Mar.
~
IK Mar. 30

8
8

2K Jan. 27
3K Mar. 24
11K Jan. 15
1.03 Feb. 13

1.00 Mar. 10

9K
K
K
4K

2.53

3.68

5,500 Van Sweringen Corp
*
3,000 Wellington Oil of Calif cap. .1
68,200 Western Television._....._.*
10
250 Wisconsin Holding A
700 Yosemite Holding v t c
*

10

Jan.

.35 Jan.

4

27
21

1.00 Mar. 10

IK Mar. 30
.25 Mar. 29

3 K

650 U S Flee Lt Sc Pow tr ctf B__*

.10
w_*

IK -Ian.
Feb.

3K Mar. 24
Mar. 16

10

.35

Sale

3K Mar. 24

.

.20 Jan.

1

3

2
24
.30 Mar.
5

13

.10 Mar.

8

Feb.

1.46 Feb.

IK Mar. 28

.40

2.43

3.35

300 Utilities Hydro Sc Rails w

1.15 Feb.

2
5

21

30c

2.00

2K

.40

IK Jan.
2.55 Jan.

K Mar. 30
7K Mar. 31
K Mar. 5

IK
2H
2.31 Sale

2H

1.80 Mar. 31
29c

1.00 Mar. 10

38c

K

200 Trustee Standard Oil B
100 U S Fidelity & Guaranty

3K Mar.

Mar. 16

10

1.25

*
*
......*

Yukon

1.40 Mar.
.30 Mar.

19

6K Jan.

_

Mar. 28

1

3
19

Feb.

.19 Mar. 10

Mar. 30

1

2K Jan.

200 Petroleum Derivatives

164,200 Tobe Deutschmann
11,000 Tom Reed Gold Mining

2
7

IK Mar. 28

7

4

12 K

.10 Jan.

2

19
13

.10 Jan.

27

M
5
*

Feb.

2

Jan.

K Mar.

1.80 Mar. 31

IK Mar. 18

„

2 55 Jan.

.32
6

3
24

.13 Jan.

.30

K Mar. 11

Mar. 30

1

IK
.65

.10

24,800 Mid-Cont Pub Serv A
...»
3,000 Moss Gold Mines Lrd
1
1,000 National Aviation A warrants
100 National Liberty Ins
5
3,500 National Plnetree Products
2,000 North Amer Trust Shs._ 1953
300 No Amer Trust Shares...1955
300 North Amer Tr Shares
1956
500 North Butte Mining
.$2.50

A

3

2.00 Mar. 26

1.95

27A

2.55

.35 Jan.

Feb.

22c

K Mar.

15
16
5
25

2.90 Feb.

_

.08 Mar. 23
.12 Jan.

"".19 Mar." 10

8

Petroleum........!

C-D

1.50 Feb.

.35 Mar. 31

2

2K Mar.

IK Jan.

2.80 Mar. 12

".16 Mar.""l

Sale

1

100 Maxweld Corp

100

"2MMar."2

31

.08 Mar. 23

27

.70 Jan.

Feb.

3%

ft

.22 Sale

Preferred.............*

200

IK Mar

9

K Mar.

K Mar
35c

1.00 Mar. 28

IK
3K

K
1K

K

175,000 Macassa Mines Ltd.........I
200 Macfadden Publications

500 Tobacco Products

9

K Mar. 11

8K

.25
.10

21,500 Keystone Cons Mines Ltd—l
16,800 Kildun Mining
•
300 Kinner Air & Motor
_.*
200 Leverage Fixed Trust Shs__._

300 Metal Textile Corp

K Mar.

1

.09 Mar.

.03 Jan.

1

%

K

13

10

_...—*

100 Merch & Mfrs Fire Insur

IK Jan.
K Mar

K Mar. 10
.09 Mar.

1.50 Mar

8

Mar

8

8

.33

12,200 Jenkins Television.........•
700 Kelvinator of Canada.:

$6

.30

~3K Sale"

Mines....—*
Group No Two Oil
1
Helena Kubenstein pref..
•
Hendrick Ranch Royalties..*
Homestead Oil & Gas.__.--1
Howey Gold Mines Ltd
1
Huron Holding C-D w i
.1
lnternat'l Rustless Iron....I
Interstate Natural Gas..
•

440

.15

10

.10 Mar.

Flag Oil of Del capital
Fuel Oil Motors Corp

1,000 Lincoln

.10

5K Sale
.70
1.00

capital—.1
Ltd
1
*
10
Min Mill Sc. Pow
1

Eagle Bird Mine

300 Granada Gold

3,200
1,000
1,000

.14

Mar.

.23 Feb.
3
Mar.
8
IK Jan. 29
K Mar. 10

.11 Jan.

.20 Mar. 31
8'

.20 Sale

100 General Water Treatment..*

100

2.00
.34 Sale
.07
.11
.15
.20

2.55 Sale

C..

84,400 Globe Television & Phone..*
1,700 Golden Cycle Corp Cap
10

1,600

Sale

—

.13

iviai'.
Mar.

.45

.2o

IK

8

K Mar.

IK

"I

Tunnel..*

100 Diversified Trust Shares

General

3
.19

2.20 Sale

*

600 Detachable Bit of Amer

Mar.

8

Mar.

70

8

Mar.

70

8

.09 Mar.

K

—

20,000 Detroit & Canada
7,400
1,000
8,000
67,800
2,500

2M

si

Highest.
Sale Prices.

1.80 Mar. 31

*
Baking 1st pref ..*

600 Columbia Baking.

300

.45

.30
2

.15

.32
.12 Sale
.20

Big Missouri Mining

200 Columbia

K

2.60 Sale

2.35 Sale

.a

.02

Sale

Mar.

70

.12 Mar. 17
8
*4
K

.03

Sale Prices.

8

Mar.

"IH "2H

—<5

4,500 Andes Petroleum..

.17 Sale
12

.15 Sale

Lowest.

Sale Prices.

Highest.

Lowest.

Sale Prices.
70

8

1
20

100 American Sealcone
200 Am Uti lGeneral A con

Black Hawk Cons

Ask.

Ask. Bid.

Bid.

Sale

.15

121,000 Admiralty Alaska Gold—---1
200 Allied General $3 pref..

25,500
11,600
9,800
29.000
1,500
3,000

Ask

Bid.

7s. 1935

STOCKS

Shares.

/

RANGE SINCE JAN. X.

MARCH.

March 31.

March 1.

1932.
Par.

5,000

$214,00®
427,00°

Price

:

BONDS

$
5.000

1931.-

,1932.
$5,000
5,000

—

_

Jan. 2

Since
Jan.

March.

PRICES IN

YORK PRODUCE
EXCHANGE

YORK PRODUCE EXCHANGE

Bond Sales.

1931.
669,591
1,301,161

1932.
499,276
1,291,221

Stock Sales.

.21 Mar.

K Mar. 23
7

Mar.

K Jan.

7

21

Mar. 29

6K Mar. 18
IK Mar.
4
.48 Jan

6

2.50 Mar.

9

3.62 Mar.

8

3.68 Jan.

2

7K Jan.
Jan,

26
13

Feb.
1.70 Feb.

18

2

25c

4

7
2K Jan.
4
10K Mar.
K Jan. 20
1 A

A/Tow

1 H

Chicago Stock Exchange
MONTHLY AND YEARLY RECORD

RANGE OF PRICES ON CHICAGO STOCK EXCHANGE
Stock Sales.

1932.

March.

Shares

Bond Sales.

1931.

2,295,000
5,401,000

Jan. 1 to March 31___

March

3,941,000

PRICES

CHICAGO
STOCK EXCHANGE

Since

March.

Jan. 1.

6,000
11,000

eTooo
77,000

"2*666
10,000
18,000
14,000
1,000
1,000

"T666
1,000
1,914,000
2,000

9,000

1,000

23,000
12,000
49,000
1,000
125,000
152,000
8,000

1932.

6,000

Allied Owners 6s

1st mtge 5s ctf of dep..1927
58 series A
1927
series B

1,000

4s

39,500

Shares.

728
800
80

"""166
400

6,900
200
300

6s

500
100

1,600
1,600
50

warrant

140

390
50

4,450
100
150

...1949

1978

_

1,531 American Pub Serv pref-.lOO
5.700 Amer Radio fit Tel St Corp.
100 Amer-Yvette Co Inc com
*
5,550 Appalachian Gas Corp com. *
com

250 Associates Investment Co..*
640 Assoc Tel Ac Tel Co $6 w w..»
Class A-

*

290

100
...»

com

200

300
350

3,550

150
650

45

200

50

1,550

2,765
1,500

Preferred

66%

42

88

"5", loo
83,650
1,050

1,700

1%
534
34
34

27

7

1%

234

36

%

2*

'34

2%

54
63

67

49%

50

76

53*

55

78

50
•

*

6%
%

17%

64%
48%

1
8

Mar. 31

5% Mar. 14
334 Mar. 8
9834 Mar. 17

9534 Mar.

1

98

7

90

Mar.

Mar. 15
Mar.
7

89% Mar. 23

Mar. 22

50

Jan.

38

Mar. 30

50

Jan.

934
434
3%
94%
9534

Jan. 11
Mar.
1
Mar.
8

12% Jan.
7% Jan.
334 Mar.
98% Mar.
98% Jan.

90

Feb. 29
Mar.
1
Mar.

7

8934 Mar. 23
60

Feb.

26

Mar."21

27%

Mar."21

27% Mar. 21

75

75

12

27

34

30

Mar. 30

5

Mar.

3

1734 Mar.

I

75
5

Mar.
3
Mar. 28

13

Mar.

2

12

Mar.

37

Mar. 16

Mar.

90

2
2

15
22
8
17
11

Mar.

7

89% Mar. 23
67% Jan. 14
27% Mar. 21
75

3

Mar.

40% Mar. 16

4234 Mar.

5

40

43

45% Mar.

7

45% Mar.

7

28

26

2
8
8

14
27

91% Jan.

28

30

Feb.

37
40

Feb.

33

Feb.

6

89% Jan.

87

38% Jan.
2434 Jan.

90

Jan.

23

54

Feb.

18

50

3

Feb.

98% Jan.

Mar. 16
9

Feb.

10034 Mar. 31

40% Mar. 16
2334 Feb.
1
45% Mar. 7

4234 Mar."
2334 Feb.
4534 Mar.

15%

15%

15

Mar. 17
Mar. 23

30% Mar.
16% Mar.

11

12

10,% Mar. 17

11% Mar.

26

Mar. 17

15

Jan.

31% Jan.
17% Jan.

13
25

Jan.

20

Sale

1%

2

6

7%
%

10

8

5*

6M

6

Mar.

2

2%

3

2% Mar.

5

6

5

1

23

13

Sale

%
%

com

2%

5
1

1

Mar.

1

2
53

Mar.

3

1

3

8

% Mar. 10
2% Mar. 7

2

Mar.

53

62% Mar. 29

66

37

Mar. 31

50

55

64
37
74

76

Mar.

Mar. 10
Mar. 10
Mar.
2

53

3

1

8

% Jan.
2% Jan.

5

Mar.

Mar. 10
Feb.
8

54

Jan.

61

66

Mar. 10

37

Mar. 31

54% Jan.

Feb.

Mar. 12
Mar.
1

72
10

Mar. 11

35

Feb.

9

35

25

25

Feb.

24

43

Jan.

21

Feb.

19

Sale

.

Mar. 11
Mar.
4

5

10

2% Mar. 29

77

Mar. 12

12% Jan.

10

3

Mar. 10

27

26

Mar. 29

26

Mar. 29

26

Mar. 29

75

26

84%

75

75

Mar. 28

75

Mar. 28

5

7

81% Jan.

5

Mar. 28
Mar. 17

75

8

%

7

%

Sale

5

%

■

14% Sale
334 Sale
4
4%
10% Sale
75

82

9

2

%

7%
%
8%
3

8%
2

334 Mar. 10

5% Mar. 14

%
Sale

3%

Sale"

7%
74

76

7

8% Mar. 31 '14% Mar.
2% Mar. 29
334 Mar.

3
1

4

Mar.

9

12% Mar.

5

Mar.

9

7% Mar. 31
75

Mar.

7

734

10%

12
14

10%

o

734 Mar. 21

8

"m
lH
7

11

13% Sale
10%
15

%
2%

%
Sale

1%
934
15
1% Sale

1

1%
9

%
2%

3%
11

% Sale
8

9

65

15
Sale

6534 Sale

13

Sale

13

1% Sale
55

1%

Sale

34 Mar.
2
7% Mar. 24
1% Mar. 29

V*

Sale

7

Mar. 31

4

80

Mar. 17

734 Mar. 21
% Mar. 2
8

Mar.

3

2.% Mar.

8

12

Mar.

7

14

3

Feb.
34 Jan.
1034 Jan.
5

5

Sale

Sale
48

1%

Sale

5

Sale

1% Sale
1

Sale
Sale

9

1

Sale
8

5

52% Sale
1% Sale
13

% Mar. 18

1% Mar. 31
1

Mar.

9

Mar. 11

10

Mar. 23

% Mar.
1
8% Mir. 3
46% Mar. 18

1

Mar. 11

1

2

Mar. 23

1233 Mar. 10

% Sale
2% Sale

% Mar. 28
1% Mar. 5
20% Mar. 28
14% Mar. 23

55

36

45

26

45

27

Sale

15

*

12%

15%

15

<

Sale
Sale

1% Mar.

8% Mar.
66% Mar.

2

3
2

1% Mar.
2
13% Mar. 24
1% Mar.
5

2

Mar.

1

37,% Mar.

9

27

1

Mar.

12

&
7*

10

16

10

Sale

10

Mar. 31

10

7

10

7

Mar. 31

10

10

10

Mar.

10

Mar.

3
4

1

3

1

3

15

3

6

2

2

4
10

134
1%
4

2

2

80

Jan.

1

Jan.

7%
%
8%
2%

Jan. 21
Mar. 2
Feb.
4
Jan. 19

Jan.

7

14
5
2

15
14

15
16
5

6
19

Mar. 31

14

Jan.

7

Jan.

16

Jan.

29

% Jan.
2% Jan.

14
7

21

Jan.

6

8% Jan. 14
% Mar.
1
Feb.

1

46% Mar. 18

1% Mar.
10

15

21
6
2

8% Jan.
69% Jan.

15

4

50

% Mar. 28
1% Mar.
5
20,% Mar. 28
14% Mar. 23

55
44

Feb.

11

2

Feb.

1 % Jan.

34 Jan,
8
12% Mar. 10

10

4
14

Mar. 31

15

34 Feb. 20
1% Mar. 31

8

Feb.

Mar.
Jan.
Mar.

1

Mar. 29

Jan.
Jan.
Jan.
Jan.
Feb.
Mar.

6
7% Feb.
1% Mar. 29

7

8

34
10%
18%
5%
4%
12%

14% Jan.

21

& Con Ry—

4

14

4

334 Mar. 10

47

Sale
45

35

% Mar. 18
2% Mar. 2

9

8% Mar. 31
7
1% Jan.
Jan. 13

14

y&

-—

45

1%
1%

6

28

12% Mar. 23
25% Mar. 7

3

7

6

77

2

*

3

7

10

7%
,%
7%

34
234

14

72% Mar. 23
234 Mar 29

2%

*

*

Mar.

18
14

934

__*

*

Mar.

Jan.
Jan.

% Jan.

3

Sale

100

*

10
50

4

10

1

*

20

Mar. 3
Jan. 15
Mar.
2
Jan. 21

1

% Jan.

I

*

6

Feb.

34
%
634
2%

27

1
.*

1% Feb.
6

20

834

..

29

Mar.

% Jan.

4

29

Mar. 19

1

Sale

Sale
Sale

Jan.

5

13

4

Sale

52

Jan.

Jan.
2
Mar. 15
Feb. 27
Feb.
9

Sale

3%

9

220 Cherry Burrell Corp com...*
150
Participation preferred
700
Certificates of deposit
250 Chicago Electric Mfg A

5

31% Mar
% Mar.

5
Mar. 10

55

*

Cent West Pub Serv—
Class A

%

2

3
1
2

5%
%
%
4%
2

Mar.
Mar.
Mar.
Mar.

34 Mar.

1

1

Mar. 19

Mar. 18

%
%
6%
2%

% Mar.

%

-----

Mar.

6

12

10

.*

16,200 Cent Pub Serv Corp A
*
108,050 Central S W Util com new..*
preferred

Mar. 18

% Mar. 15
.% Mar.
1

2%

76%

85
2

pref.._

Preferred

1

6

%

14%

8

10% Mar. 17

49

*

*

Convertible preferred
110 Central lnd Power pref




42

5

3

100

111 Pub Serv pref

xEx-dividend

49% Mar.
4934 Mar.

8
9

14

1034
25%

24%

111

com

7,500

No par value

Jan.

Jan.

82

.....

.*

Cent ill Secur Corp—
Common
8,665

City

Mar.

10

50

1,850 Castle Ac Co (A M).........10
4,450 CeCo Mfg Co Inc com
*
220 Cent Cold Storage Co com_20

Chic

49

18

F

50

1,250
Convertible preferred.,. _*
15,800 Butler Bros..
I.
20

50 Chain Belt Co

11
14

11%
1%
7%
%

31% Sale
%
%
34
%

40

40

*

pref

........

50

20

434 Mar.
33s Mar.
97

9

Sale

100

14,450 Bruce Co (E L) com

100

Feb.

Jan.

9

25

31

34
%
5%
2%

Sale

2

2

com

200 Bright Star Elec cl A
800 Brown Fence & Wire cl A
Class B
800

Prior Hen

Mar. 30

3

66%

..

12%

25

550 Borin Vlvitone Corp pref
650 Brach Sc Sons (E J) com

1,850
3,475

42

Mar.

"99"" 10034 Sale" 10034 Mar. 31 10034 Mar. 31

Z "50""

8234

37

158,750 Bendix Aviation Corp com..*
10,830 Rinks Mfg Co cl A cv pref..*

3,610 Central

49

52

1234

com

Balabaa Ac Katz Corp-Common

conv

45

51
96

9934 101

•

pref....

400 Canal Const Co

Mar. 22

38

Mar.
3
Mar. 28
Mar.
3

Burnharo Trad Corp—

5,450

10

33

3734

..

25

240 Bucyrus-Monlghan class A..*
100

4634 Mar. 11

Feb.

40

41%

*

...

127,600 Borg-Warner Corp
450
7% preferred.

Mar. 22

42

*33"

American Equities Co com.
80 Amer Fur Mart Bldg pfd-.lOO

400 Baxter Laundries Inc A
300 Beatrice Creamery com

"""166

38

6

conv

42

534 Sale

.....

Sale
%

470 Blums Inc

Prices.

35

91% Jan.

13

Sale

2,500 Bastian-Blessing Co

Sale

4634 Mar. 11
4434 Mar. 14

6334
77

Highest.

Prices

Par

Allied Motor lnd Inc com..

cum

9734

61

Sale

1

J7

Sale

27%

1734

IF

600

96

75

75
Sale

BIdg—

pref A

Lowest.

Prices

10

5
Sale

"30"
30
20

12

200

50,200
200

61

15%

conv

Mar. 22
4434 Mar. 10
43% Mar. 5

8934 Mar. 23
59

28

$6

35

534

334
97

97

1949
1944

Highest.
Sale

Prices

90

J956

55C Allied Products Corp cl A..*

20

Sale

Lowest.
Sale

11

3

4

9634

43 34
Sale

8

Sale

2

9434
9534

102

1,100

10

434
5

11

770 Backstay Welt Co

300

i*

14%

200

58,150
2,500

41%

13

26

560

300

42 3£

4833

Abbott Laboratories coin.. ♦
Acme Steel Co
25

310

RANGE SINCE JAN. 1.

10

48

Adams (J D) Mfg com

7% preferred
31,200 Assoc Tel Util Co

39

7

10

100

900 Adam# Royalty Co com
*
950 Ainsworth Mfg Corp com... 10
400 All-Amer-Mohawk class A..5

1,930

38

10

47

2

1st mtge 534s
1958
United Public Serv 6# A.. 1942

2,700 Art Metal Works

3834

47

1936

STOCKS

18,100

T

Sale

3734

Sale

2,000 United Pub Util 6s A____1947

1,888
2,600
1,070

4434
4434

50

96

....1940

1,000 Nat Pub Service 5s
2,000 Pub Serv 1st ref gold 5#..
3,000 Pub Sor Sub Corp 5%s A
18.000 Swift Ac Co 1st s f g S#

Shares.

4334

12

1953

Kansas Power & Light—
1st & ref 6s C
5,000
1947
9,000 Metrop West Side 4s
.1938
2,000 Nat Pole & Treating 6s__1936

39,500
1,000

Ask.

...1956

Insult Util Inv 6s

IN MARCH.

March 31.
Bid

Sale

1954

1,000 Holland Furnace

20

1,800

5s A

m

208 So La Salle St

~~2~66o

7

4634
4634

1927

1st

1st mtge 434 s C
1st mtge 434s D._

5# without

Ask

50

1,000
1957
22,000 Commonw Sub Corp 5%s 1948
1,000 Great Lakes Util 5%S-__-1942

5,387,000
15,000

Bid.

39 H

4534
45%

1927

10,000
Adjustment
34,000 Comm Edison
5b series B
15,000

March 1.

Ask.

1945

Chicago City Ry bt,.
1927
Certificate# of deposit. 1927
Chic City Ac Con Ry# 5a..1927
Chicago Railway# 5s
..1927

5#

3,143,000

Price

Bid.

23,000

6,013,000

Jan. 2

NDS

ti*

1931.

$947,500

Jan. 1 to March 31-_

11,517,200

AGGREGATE SALES.
In

1932.

$2,222,000

_

1% Jan.

13

Jan.
Jan.

22

3% Jan.
6% Feb.

14
19

14

Jan.

13
19

15% Jan.

11

Jan.

Mar. 31

10

Mar. 31

9% Feb. 17

10

Feb.

18

1% Feb.
Mar. 11

4"

Mar.

li

1% Feb.

16

1

4

16

Jan.

11

2

Jan.

9

2

Jan.

6

4

Mar. 11

CHICAGO
AGGREGATE SALES
In

Jan. 1.

Shares.

Shares.

1.55C
1.15C

PRICES IN MARCH.

9f

480 Coleman Lamp 8c Stove

mm

mm

Bid.

50 Comm Tel Co

cum

15C

690

15,800
8,250
33,950
14,500
32,050

1

610
420
40
100

Preferred...

—......

*
.—.*

:§

V
2*

m

Sale

Sale

4

Sale

-*

2

Preferred

12

65
5
5

1

220 Decker (Alf) & Cohn
80 Dexter Co (The) com

Inc...*
5
.*
•

-

5

200
•

-

-

750

50

50**

55

14

15

3,757 Foote Bros G 8c M Co..

700
50
150
50
«.

700 General Parts Corp
150

Common

150

.

new

350

20

*
*

H

18,600

14,550

350

.10

800

550

1,050
3,050
3,050

...

100 Hussman-Ligonier Co com..*

------

700

940

2,750 Illinois Brick Co
25
1,300 Illinois Nor Utilities pref.lOO

138,550
800

1,050
44,210

Af.

15,100
—

mm

mm

—

mm

—

Preferred series 2...

.*

10 Interstate Power $6 pref..
*
300 Investment Co of Amer com.*

-

mm

■

400

3,050 Iron

600
900

1,500
40

6

.....

1

Mar.

Mar. 30

55

Mar.
Mar. 14

Mar. 22

5

it*
Sale
Sale

11** Sale

1**
1**
X
X

va
17** Sale
IX Sale
10** Sale
12**
13
2**
3**
1** Sale

10

4

4

5H

12

95

14

10**
3**

5** Sale
30
Sale

....

1**
3X

4

5X
94 J*
17
Sale

2

2**
3**

100

2**

Sale
Sale

4**
94

_

X
4**

8
Sale
100

2**
4**
10

11
19**
2**

7

11**
2**
1

2,250

4,120
3,3501
2,950
3,5501
4,300

360

•

pref

6

50

100
400

2,200
700
250

3,110

Common.
.10

1—

5**
3** Sale

ii
7S Sail4
1*1

12

2X
13

3**

7,000 1
1,1801
4,3501

300

9
5

Mar. 22
505* Mar. 31

12** Mar. 31
54 Mar.
"

4

8

4X

30

34
11

9

7

Sale

400
m^*»rnl>m

-

Convertible preferred.

10
13

501

-

200

1

—

50

7X

570

4

2.200

4,400
32,575

104,350

10**

65*

150

$6

pref. "A"

3**
45*
33

5'$*
Convertible preferred.

740

120
150

160

6

1**

3,300

;

100

Filler & Hart Inc

1*4

conv

100
nref

*

-

6X

6*4

iV4

—.

47** Feb. 11

6
15

Jan.
Jan.

5

Mar. 22

1

Feb.

5

Feb.

3

5

Jan.

Feb.

4

10

Jan.

17
24

40

10

2*
Preferred

950 8

1

•

25
1

5

Ex-dividend

12
5

54 Feb.
5** Feb.

17
4
15

Feb.

4

Mar. 31

8
42

7
51** Mar. 28

42

45*4 Jan. 23

42*4 Mar.

Mar. 22

Jan.

39** Jan. 18
Jan.

19

Mar. 19

14

** Mar.

5054 Mar. 31
*4 Jan. 26

55

11

86

Feb.

2

*f Mar. 31

16

Feb.

13

12

1
1

2

Mar.

1

Mar.

10

54 Feb.

16

Feb.

15

15

Jan.

154 Mar.

7

2

Mar.

16
5

9

2

Mar.

7

11

*4 Mar.
*4 Mar.
54 Mar.

11

12** Mar. 16

Mar.

V Mar. 21

54 Mar. 21
5

2

Jan.

5

16** Mar.30
** Mar. 28

1*4 Mar.

17*4 Mar."
1** Mar.

19

Jan.

18

Mar.

Sale
6

854 Mar. 31
5

12

Mar.

2

7*4 Mar. 31
3*4 Mar. 23

3

1054 Mar.

Mar. 22

5

4*4 Mar. 28

2

Mar.

2

Mar.

Jan.

4V* Mar. 21
79** Mar. 29

7

454 Mar.
94

2

6*4
6

3*4
**

**

*4 Mar. 28
1

Feb.

20

Feb.

4

Jan.

3

2*4
12*4

2

7
9

3

Mar. 19
3

Mar.

19** Mar. 3
154 Mar. 24

Sale

2A

Sale
12

31~"

55
Sale

"X

454
30
5

3*4
37

6

13

III
1*4

51

8**

26** Sale
8

12

32**

7**
154
2*4

5
1

4*4 Mar. 11
9

Mar. 21

9

Mar.

3

22** Mar.
254 Mar.

9
3

39

11

X

27

9
4

31*4
1

454
34**
Sale

4

4

Mar.

1

Feb.

15
8

7
7
15

5*4 Jan. 16

79** Jan.

29| 95

Jan*

6

23

18

Jan.

18

Jan.

54 Mar.
1

6*4 Jan. 14
15

Sale
3**

10
4

3
Sale

Sale

8

9**

12

Feb.

10** Feb. 19
22*4 Mar. 9

10

9

24!

3*4
1

Feb.

5

Feb.

8

Jan.

14

1*4 Mar.

5

1*4 Mar. 5
4** Mar. 14

4

4

Mar. 21

1*4 Jan.

9

7

Mar. 21

50

** Mar. 17
6** Mar. 26
3X Mar. 29
33'
Mar. 15
10
Mar.
2
7
Mar. 19
3
Mar. 18
2*4 Mar. 4
12
Mar. 28

Va Mar.
7*4 Mar.

37

Mar. 31

** Mar. 17
5

Mar.

2

7
1

9** Mar. 29

Jan.

30
10
7

11

Mar. 18

3

2*4 Mar.
1754 Mar.

4
1

Mar. 17

33

5** Mar. 26

2:

Mar.
Mar.

Mar. 17

~3*4 Mar."24

4

Feb.

4

5

30

8
4

Jan.

35

3** Mar. 29
454 Mar. 22

5*4 Mar.

4

Mar. 12

654 Mar. 17
Mar.

4

Jan.

4*4 Mar.

8

5

Mar.
8
Mar. 21

1

Mar. 28

14

Va Mar.
1
Va Mar.
1
5** Mar. 28
5
6
Mar. 15
1-16 Mar.
1
1

Mar.

11

Mar. 19

3

Feb.

2*4 Feb.

9

81

Jan.

6:

3** Jan.
4*4 Jan.

28*

29

Jan.

22

3

37

Feb.

18

Mar. 31!

Mar.

7

14

Jan.

8

10**
754
254
18**

Jan. 20
Jan. 19
Jan.
8
Feb. 24

5
Mar. 19
5** Jan. 14
Feb. 13
10** Jan.
5
2*4 Feb. 25
4*4 Jan.
8
37
Mar. 31
Jan. 25

6

Jan.

Jail.

11

16

Jan.

6** Mar.
3*4 Mar.
*4 Mar.

5

Jan.

25

1

Mar. 28

*4 Feb.
*4 Feb.

*4 Mar.
23

Mar.

1

9

4

Mar.

14

6*4 Feb. 29

6*4 Mar.
7

27

Jan.

18
5

5
14

54 Jan. 12
54 Jan. 14

Mar
1
Mar. 12
Mar.
1

54

1

Mar.

6

Mar. 15

6** Jan.
7
1554 Jan. 13
*4 Jan. 22

5!

1-16 Jan.
2l
19*4 Mgr. 12

45

Jan.

Mar. 24

50

Jan. 20

Feb.

40

Jan.

4854
10**

Jan. 25
Mar. 9

11

8

32**

Mar." 1

25'

Mar.

8

2

30

Mar.

25

Mar.

2

1

54 Mar. 4
954 Mar. 10

8

Mar. 31

7

Jan.

9*

Mar. 15

5

13

154 Feb. 26
50*4 Jan. 19
50
2

Feb.

8

12

1

4}
32}
1!

Feb.

19

Jan.

23

5

Jan.

11

Mar. 28

s54

13

Mar. 21

Feb.

31 *4 Mar.

4
1** Mar. 23

14

10

Mar.

9

Jan.

30*4

Mar.

4

Jan.

5*4 Mar, 28

2*4 Mar.
1-16

4

13

19

o

1

754 Feb. 10
4)4 Jan. 14
35

14

25

Mar.

2

Mar.

4*4 Mar.
14

10** Mar.

Mar. 28

Feb.

14*4 Jan. 19
54 Jan. 22

25" Mar.""3

1

2

1

15
27
29
Feb. 15

4

4

4

26

Mar.

26

Jan.
Feb.

25.

Mar. 31

4

50
19

Mar.
Mar.
Jan.
Feb.

31

34

14

Jan.

1

.

Mar. 24

Mar. 17
Mar. 15

22

Jan.

6*4
11*4
*4
6*4
4*4

Mar.

8

21

zo

154 Jan.
6

5| 35'

5*4 Jan. 30
2*4 Feb. 25

2

13*4 Mar 21
*4 Mar. 12

19*4 Mar. 12
10

26,

Feb.

12

31

Mar

37

20

3*4 Mar. 29

4
Mar. 26

11** Mar. 15
*4 Mar. 12

9

1**
554

3

40
48

*4 Mar. 21

26

2

Mar. 19

Mar. 31'

12

6

Jan.

7

7

17** Feb.
154 Mar.
Mar.

Sale

14**
12**

26

30

1054

15*4

17

Jan.

36

5**
Sale

Sale
6

Feb.

5

1

-T19

3

2

1*4 Jan.
3*4 Feb.

Mar. 30

-----

7
Sale

5
13

Mar.

6

3**

Jan.

46*4 Feb.

40

4*4
35

Jan.

17

Mar.

1*4 Mar.
46*4 Feb.

40

I
12

6

Jan.

11** Mar.

9

20

Sale

11**
3*

15

31

40

:~iri "25"

Sale"

45

2

Mar

"~*4 Sale"

55

■

Jan.

Mar. 22

5*4 Jan.

Mar.

1*4

1-16 Sale

40

5

30

Sale

Sale

11*4

36

3**

5

Sale

Jan. 18

154 Jan. 11
154 Jan. 12

10

7** Mar. 31
2** Jan.
2

1

254 Mar.
3*4 Mar.

*4 Mar. 24

4*4 Mar.

Mar.

2

Mar. 24

1

3

9

8*4

14

Sale

4

12

Feb.

12

5

Mar.

254 Jan. 22
13** Jan. 15
12** Jan.
7

4*4 Mar. 28

7

4

Jan.
7
Jan.
6
Mar. 31

854 Mar. 31
4

5

11** Mar.

Mar. 29

12**
3**
Va
154

Mar. 22

4** Mar.
12

Jan.

7

3**
Sale

54 Feb. 17
X Mar. 21
54 Mar. 21

*4 Mar. 22

12** Mar.

*4 Mar. 31

Sale
-----

** Jan. 26

1

7

16** Mar."30
** Mar. 28
7
Mar. 29

Jan. 19

*4 Feb.

5

Mar.

Jan.

2

*

32

6

5

1

600 ft

1,050

1*4 Mar. 22

9

VA Feb. 26
•

350 8




6

3*4

19

51
$7 preferred

13,700 8

No par value.

4

5

Mar.

5

Va Mar. 22
X Mar. 21
54 Mar. 21

Sale

4

354
1354

50

170 8
220

50 8
•

4**

49

42

50
400

5

Sale

13

14

100

A..
A...

400

450

2

Jan.

64

154 Mar.

18

Sale
Sale

—

7**

"3**

23*

1-16 Sale

75 8
''

40

10

.....

7% prior lien...

550 8

—

30

*

Preferred 6%
Preferred 7%

10

mm

2X
Sale

34

Sale

35

Warrants...
200 8 lidland Util 6% pr llen._l

450

mm

conv.

650

_

2

Jan.

13

28

11

Mar.

**
**
X
VA

10
Sale

9
21

Sale

I* ''I
2Va
\7X

Warrants B

1,450

120

mm

Warrants A

110,550 8

250

5

22

5**
6
5** Sale

1,129,7081

3,000
21,000

Sale

16

4,900 1

1,200

11**

si

Sale

$ 4*

1,6001

180

1,200
598,450

Jan.
2

29

Mar. 22

12

1

Ya Sale
1*4
2
1*4 Sale
78** 100
^
V<i
4**
4**

30

3K

12,2101
2,350 1
5,200 1

1,500

14

17

36

1

40

"l~360

8*4 Jan.

31

Jan.

3

1

10 f
•

2

14

5

Mar.

12

—-

4**
454
79** Sale

52

V

100 1
10

Mar.
Mar.
Mar.
Mar.

11

Jan.

22

1*4 Mar. 22

Mar. 31

42

1154
VA

1

■hk

4801

450

Jan.
Jan.

21

35*4 Jan.
5
4154 Feb. 19

4

4*4
554
1154
12
7** Sale
3*4 Sale

Sale

.....

4521

1,800

3**
54
*4
6**

1

20

13

16**
**

5

4**

4X

94

**
cum

8

3

—

**
**

10**

5

15**
16
9** Sale
2** Sale
4**

100

23,2501

200

8

26

Mar. 28

19

430

8

Feb.

54 Jan.

6

9

37X
385*
41**
505* Sale

10

6

5

5**

9,100

Mar. 15
Feb.

4

Sale

:::::

2

450]
9201

13

4

2

300

260

4

13

Mar. 22

3** Mar.

IX Mar. 22

Sale

X
X

100

Preferred

Mar. 15

Feb.

29

Jan.

1*4 Jan.

Jan.

13

8

2
3**
7Vs

4

3

40

20

5 122

1*4 Mar. 28

Mar.

1

Feb.

22

8
Va Feb.
2** Mar. 23
*4 Mar. 16

554 Mar.
1*4 Mar.

3** Mar.

12** Sale
**

9X

900

18

31
28
22
29

5

-

Sale

850

300

50

Mar.
Mar.
Mar.
Mar.

1**

2

2,730

600

3**
**
**
6A

6

2

Sale

8

Preferred.

5*4 Jan.

Jan.

4

Mar. 15

2*4 Mar.

Mar. 28

4

Sale

18

60

1,940

5

80*4 Mar.

2** Mar. 23
** Mar. 5

1** Mar. 28
13

5

6*4 Feb. 19

12

Sale
Sale
Sale
Sale
Sale
Sale
48*| 55**
3X
4

10

Jan.

5
66

5*4 Mar. 26
4
** Jan.

5
5
1

4

2** Mar. 23
X Mar. 16

IX
13**
3**
**
**
6**

8

2

3,150
1,350
2,400
7,300

250

Fireman Mfg Co v t c—*

Sale
Sale
3%

15

**

2

3**
3X
IX Sale

15

Without warrants.

Mar. 15

4

5

1

120 Indep Pneum Tool v t C—-*
352,600 Insult Util Invest Inc....—*

•4

13

12

.....

1,950 Hart-Carter Co conv pref...*
2,050
ormel 8c Co (Geo) com A..*
10,000
oudaille-Hershey class A..*
7.300
Class B
.*

Mar.
Mar,
Mar.

1

5
103

Jan.

27
11

X Feb.

1*4 Feb. 26
*4 Feb. 10

5

....

41**
42**
51%

**

......

67,400 Grigsby-Grunow Co com—
50 Ground Gripper Shoe com.

8,800

"

2

27

5

4%

20

1**

200 Greif Bros Cooperage A com *
300 Greyhound Corp com

'

Sale

1

7%
53%
3X
2**

A

34,700 Great Lakes Aircraft A
24,250 Great Lakes D 8c D com

Mar.

654 Mar.

2

54*4 Mar. 29

14

Sale
Sale
Sale
Sale

39

15

.....

50 Gen Wat Wks & Elec A com.*
HO Godchaux Sugar Inc cl B_.
700 Goldblatt Bros Inc com
*

«.

6,200
10,100

m

1%
17**
4**
IX

Preferred vot tr ctfs—...*

—

pf_*
Gen Theatres Equip Corp—
conv

Mar.

2

Jan.
Jan.

83

.5

140 Gardner-Denver Co com—.*
364 General Candy Corp A.....5

2

1

6

43

60
364

Mar. 31

27
Mar. 31

Jan.

54 Feb.

39

245 Fair Co (The) preferred—100
Fit* Simons 8c Connell Dock
950
8c Dredge Co com—_—..*

100

254 Jan.
17** Jan.
29

2

X Sale

2

100

6**% preferred....

700

Va Mar. 29
8

*4 Mar. 15
54*4 Mar. 29

29

80** Mar.

13

2*1

t

7% preferred.—...—--100
400
8% preferred——
—100
20 Empire Pub Serv Corp A
*

150

Sale Prices.

1454 Feb.

Mar.

1

5** Mar. 26
** Mar. 28
5

3

?

Sale

5

.

Mar. 31

VA Mar.
1
X Mar 15

4

13

.....

IX

35

11,910

Highest.

Prices.

1

3J_

80 Eddy Paper Corp (The)
El Household Util Corp..
.10
450 Empire G'flt F Co 0% pref.100

»

4

805* Sale

9

4

13**

250

-

3,600

Sale

Prif*s
1*4 Mar.

*

Sale

6

11

1

5X Sale

3

2

*

1,375 Dodge Mfg Corp pref
«—

16

54** Mar

^X Sale
103

Sale

25
100

15*

6

Sale

......

Va Mar. 29
15** Mar. 22

Sale

Sale
**
65

3

12H 15*

360 De Met* Inc pref ww
-

6

10

7

com

1

Sale

**
56

5*

5
Corp Sec of Chic allot ctf_—*
Common

Sale

Sale

290 Curtis Lighting Inc com....*
100 Curtis Mfg Co com
5

20

1 %

7

116 X 117**

Cord Corporation

Crane Co

Lowest.

Highest.

Sale Prices.

Sale

15*

5

1

Sale

100

Cont Chic Corp common

Lowest.

Ask.
1

7

11**
15**
16

Sale
Sale

»*...»

...-5

6% prior pref A

99,950
20,815
203,950
35,500
60,950
2,880
1,470

March 31.

Ask. Bid.

Bid.

3

partic..

*3 X preferred
1,200
3,150 Consumers Co com

1.80C

RANGE SINCE JAN. 1.

29

60 Construe Mat'l Corp com..

-

March 1.

Ask.

2H
17 h

com*

118,550 Commonwealth Edison—100
192,550
Rights (New)

5C
m

Par.

131,650 Cities Service Co com.—...*
4,900 Club Aluminum Uten Co—*

87.05C

mm

STOCKS

340 Chicago Towel Co conv pref *

46.60C
3.50C

mm

Jan. 2
1932.

14,050 Chicago Investor* Corp com *
Convertible preferred
*
4,650
400 Chicago & N W Ry pref —100
30 Chic N S & Mllw pref
100
190 Chicago Rys part ctf ser 1.100
270
Part certifs series 2
100

2C
16C
7C
5(

57

EXCHANGE

Price

Since

March.

CHICAO.O
STOCK EXCHANGE

STOCK

Feb.

3

Jan.

11

Jan.

5

Jan.

11
Jan. 14
Feb. 19

'

Price

STOCK "EXCHANGE

Jan. 2

Since

In

STOCKS

1.

Jan.

March.

*
1,150 Muncle Gear Co cl "A"
Com'i on
*
1,900
1,750 Muskegon Mot Spec conv A.*

1,650

h

8k

90,300

4,750 National Leather

100

6

National

80

430

350

600

3,000
3,050
3,550

8,900
8,600
6,800

$3

...*10*
2 k

k

Pub Service Corp—

conv

preferred.
Trust—
pref.
*

15

1

2

13

Cumul.

24 k

Nat Secur Invest Co com

100

650 Nat Union Radio Corp

100

44 k

*

cumulative pref

1934
34

National Standard com

...»

6,450
1,450

350

100

com

190
7% preferred
400 Ontario Mfg Co

50

Sale
20

5

8

5k

*

<

20

20
380

23

Mar. 23

•»

—

—

—

11

14

15

—

2

100

100

1,070

1,770

6
3
85

5k

Sale

5

100

6% preferred..
Penn Gas 8c Elec A

*

com

22 k
5k

15 k
5

2k

Mar.

Mar. 28

3

1

20

7

7,600

■

850
100

350

17,050
1,275
850
900

'

lk
35,215
Rights
23 k
2,050 Perfect Circle (The) Co
»
5
4
15,450 Pines Winterfront com
k
*
1,450 Polymet Mfg Corp com
200 Potter Co (The) com
lk
*
3k
1,850 Process Corporation com.,.*
121
23,125 Pub Serv of Nor 111 com
Common
100 114
1,700
6% preferred.
100 100
2,520
7% preferred...
100 104
1,590
2k
64,500
Rights

Sale

3

4k

Mar.

20

20

470

lk Mar. 18
9k Mar. 31
lk Jan. 13
75
Feb. 17
Mar. 31
15
5
Mar. 19

180

550

Reliance Mfg Co

2,200
1,800
1,050

50!

15

*

"19"

20

19

*
*

k
9k

Rollins Hos Mills

conv

Ross Gear St Tool

com

pref.*

com

910 Sally Frocks Inc

com

..*

2

100

400 Sangamo Electric Co

•

14

100

260 Seaboard Pub Serv Co $6 pfd *

"27"

120

550 Signode Steel Strap Co pf_30

160

460

7k
lk

"4,850

12,200

Common

100

""150
800

1-16

Purchase warrants

So Colo Pow Elec A

1,850
3,700
1,100

2,150

1

*

14k

25

com.

Southern Union Gas

South East G & W part A...*

k

10

370 Southw G&E Co 7% pref.100
120 Southw Lt 8c Power pref....*

770

Standard Dredge conv pref.*

130

_

«.

•

—

_

70,900

Swift & Co

19,300

58,800

10

Swift International

250

stk

First preferred.......
810
30 Tenn Prod Corp com

170
"

l",605

4,750 Thompson (J R) com
1,150 Transformer Corp of Am

50

100
*

25
com"

310 12th St Store pref A

310
■

1,550

/

United Amer Util Inc

9

2,550

500 United Gas Corp common
550 United Ptrs & Pubs com
Convertible

300

*

"9", 850

37,500

10

610

U S

Gypsum

Preferred

'

400

250

500 Vorsec Co part pref

—

1

6,850 Vortex Cup Co
Class A

2,750

3,800

6,350

9,150 Wahl Co
Warchel

120
460
90
■m

-

-

-

-

-

600

230
190
150

400

7,800
400
650

2,700
*

...

.....

*

38
87
Sale
lk
10
12 k Sale
k
lk

"4 k

Common

k
k
k

250

Convertible preferred

{

Mar.

Mar.

1
4

9k Mar. 1
85k Mar. 14
1

8

8

Mar.

19

*8

.5*
Sale

k

19

Jan.

k

4k

8k
k
2k

Sale
Sale

Sale

8

8k

7k
lk

9k
2k

k Sale
25k

22k

3k
lk
14 k
21

4

Sale
22k

Sal

Sale

3k
2k
12

21k

k
25
4k

8
14

Sale

21

Jan.

Jan.

12

38

Jan.

k Mar. 31
7k Feb. 24

26
12
20
14

8

lk Mar. 12
7k Mar. 7
lk Mar. 3

k Mar. 31
7k Mar. 24
Mar.

3

Mar. 11

k Jan.

22

k Sale
10k
10k

Jan. 19
2k Mar.
7
lk Mar. 14

13
lk Mar. 31

16

1

51

Mar. 23

69

Jan.

16

Mar.

2

48

Mar.

2

59

Jan.

2k Mar.
1 k Mar.

5

12
14
18
5
7
18
31

48

2
_

2k Mar. 11

3

4

Mar.

2

5

ii

1

6k Mar. 31

Mar. 31

Jan.

lk Jan.
58k Jan.
k Jan.
Feb.
Jan.

3

4

2

18
11

3k Jan.
lk Feb.
2k Jan.
68k Jan.
k Jan.
6k Mar.
Jan.

4

3k Feb.

2

28

3

19

Mar.

9

2
3k Feb.
16 k Feb. 10

20k Mar. 28

25k Mar.

3

18

33

33k Mar. 28

38

44

Jan.

84

Mar. 14

88

4
3

33k Mar. 28

86

Mar.
Mar.

Mar. 14

95

Jan.

9

2
Jan.
Feb. 10
13
Jan.
Mar. 11

11

Fob.

26

Sale

Mar. 22

19

l2" Mar."li

14

k

k Mar. 3
2k Mar. 11

15k
k
4k
4k

Feb.

84

lk
8k
k
2k

10

Mar. 5
Mar. 3
Mar. 11
Mar. 8

Jan.

lk Mar. 24

k Jan.

k Feb. 16
lk Mar. 24
Jan.

4

2k Feb.

11

1

k Sale

Mar.

25

3

2

Jan.

2

9

8

Jan.

4

Mar.

11

4k Mar.
lk Mar.

6

4

5

1

lk

k

Mar. 18

2k Mar.

7

k Jan.

k Mar. 17

22k Mar. 17

4
3k

10k
Sale

1
Sale

8k Mar. 24
19

Mar. 24

k Mar.
9k Mar. 28

13 k

Mar.
21k Mar.

2

k Mar.

1

Mar.

2

lk Mar.

3

11

16

3k Jan.

Feb.

Jan.

19
18

19
8
5

Feb.

25

12k Jan.
lk Jan.

14
8
9

Jan.

3

2k Jan.

19
15
19

23

k Jan.
Feb.

2
19

4

Feb.

19

lk Feb.
14k Jan.

11

Ilk Feb.
Jan.

10

2

22
3

22

28

Feb.

4 114

4k Mar. 21
lk Mar. 26

k
23 k

Jan.

2k Jan. 20
lk Feb. 19

Mar.

Mar.

Mar.

9

13

21

Jan.

5k Mar. 31
4
k Jan.

4

Jan.

Jan.

25

2k Mar.

k Mar.
2

Sale

Feb.

5

32

20

Feb.

5

15k Mar. 5
lk Jan. 15
4k Mar. 11

8

Jan.

105

Sale

3

18k Mar. 31

5

109k Mar. 30
12k Mar. 9
1
Mar. 9

9k

9

25k Mar.

k Mar. 23

4

Mar.

2

2

Mar.

12

k Mar. 11

k Mar. 23

k

10

Mar. 24
13

1

Mar. 11

2

1*

k
9k

5

24
13

66k Mar.

Mar. 23

Mar.

Jan.

lk Feb.
k Jan.

13

2k Mar. 7
lk Mar. 14

lk Mar. 31
k Mar. 14

Mar.

lk Jan.

3

Mar.

1

2k

k Jan.
12 k Feb.

14

Mar. 16

13

21

18

8.

27

Jan.

17

3k
2k
9k

10k Jan.

Jan.

4k
17 k Sale

20

5

k Mar.

15

20

20

8

Jan.

19

44

18 k Sale
18k Mar.
110
116k 108 k 109 k 109k Mar.
5 k Sale
10 k Sale
5k Mar.

Sale
Sale
Sale
8k
9
2
2k

4

Mar. 31

2k

k

14
23
14

15

Mar. 28

2k

9
13
2

lk Mar. 24
Ilk Mar. 19

Mar. 24

10 k

5
21

Mar. 10

Sale

23

4

Mar. 19

1

2k
2
3k

18

Mar. 15

k
Sale

k

9
5
4

2

2k Mar. 11
lk Mar. 3

lk

12 k

12

12

51

6k

2

16
8

Feb.

8

i

8
k Mar.
7k Mar. 30

57

84 k

Feb.

20

48

3

—

Jan.

7

Mar. 31

60

—

7

k Mar. 8
9k Mar. 12

51
2

8

Feb.

Mar. 24

Mar.

Mar.

9

9
lk Jan.
27 k Mar. 16
6k Jan. 18

Jan.
5
k Feb.
Mar.
6 103
77
Feb.
8 107 k Mar.
100
Feb.
lk Jan.
k Mar. 21
6
17 k Feb.
15k Jan.
Jan.
2
2
1
Jan.
2
ik Jan,
k Jan.
9k Jan.
7 k Feb. 15
82k Jan. 15 85 k Mar.

lk Mar. 2i
1

2

4k Jan.
Jan.
73
Mar. 31 125
Feb.
72k Mar. 31 115
60k Mar. 28 104k Jan.
Jan.
70k Mar. 26 114
3
Jan.
1
Jan. 30

i

Mar.

17

1

*

1

3

10

4

10
76

61

Sale

30

34

25

3

Sale

470 Waukesha Motor Co

....

*

com

Sale

*

1

♦

2

»

3

3k
4k

670 Western Grocer Co com....25

4

6

1,210 Wayne Pump Co com
Convertible preferred
1,650

....

100 Western Con Util Inc A
West P L 8c Tel class A

*

3k

6k

3

4

3

3 k

3k
2

3k

*

10

550 Vates-Amer Mach part pref.*

(Chic)..*

Zenith Radio Corn com.

HJx-dJvid»iid.

25

5

com

*

lk
10

Ilk
1

1*

-----

1

3

4

lk Feb. 11
8k Mar. 24
17
Mar. 24

23k Jan.

6

k Mar.
1
9k Mar. 28

lk Jan.
Ilk Jan.

25
14

1

4

k
2

24k Mar. 29
k Mar. 24
2k Mar. 30

Sale

1

lk Mar.

2

Mar.

1

72k Mar. 10
27k Mar. 23
1

Mar.

4

2k Mar. 15

3k
2

Mar. 28

3k

4

Mar.

4

3

Mar.

Feb.

Jan.

34

Jan.
Jan.

1
7
14
29

4k Jan.

29
21
4

6

Jan.

4

Feb.

4

7

Jan.

10

Mar. 31

49

Feb.

7
1

26

8

Feb.

26

3k Feb.

18

Jan.

15
4

2

10

Mar. 31

7k
3 k Sale

5k Mar. 29

6k Mar. 29

3k Jan.

3

3

2k Mar. 31

3k Mar. 31
3k Mar.
lk Mar.

3

3k
Sale

10k
Ilk
k Sale

Sale

2k
3
Ilk
13
k Sale

10

1

Mar. 28

Mar.

10k Mar.
k Mar.

13

Mar

k Mar.

26

1

2

30
Mar. 28
Mar.
4

Jan.

35
10
3k

Sale

3

4
73

Feb.

Jan.

4k Mar.
32k Mar. 14

5

lk Mar.

1

60

5

6

3

29
24k Mar. 29
k Mar. 24
2k Jan. 30

4
61

31

3

6

lk Mar.

70

69

5

Sale
60

com

24,300 Wisconsin Bankshares
Yellow Cab Co Inc

5k

3*

.._*

Wieboldt Stores Inc

750 Williams Oil-O-Mat

...

k
2k

100

360 ..7% preferred




Mar.

103

4

3k Mar.

107 k Mar. 23

k
k
k
lk

1

X

]

lk

60

No par value.

k Mar.

lk
k

*

2,500
6,200

1

5

3,075 Ward (Montgom) 8c Co cl A_*

2,450

Mar.

99

Mar.

7k Mar.

2

Corp—

250

2,182

1

k

11

27
12

k Mar. 26
lk Mar. 18

20

Ilk

com

7*

36

2

•

com

34,100 Walgreen Co

lk

116k

._*

13

60

2k
4k
18k Sale
23 k Sale

2

100

com

5k
2

1

Sale

......

....

^

1-16

57

44

Mar.

95

Mar. 28

Jan.

20

2

Mar.

1
3
14
20

5k Jan.
2k Jan.

22

Mar.

3

1

8

1

2

Sale
3

Jan.

k Jan.
22k Jan.

15

lk

1

.....

2k

450 Van Sicklen Corp part A....*
300 Viking Pump Co Pref
*
Common
500
.*

50

-

k

"2l"

100

2k

Jan.

5k Jan.

32

*
20

*
48,460 U S Radio & Telev com
9,650 Utah Radio Products com..*
*
12,800 Utility & Ind Corp com
Convertible preferred
•
18,750
1,150 Utilities Pow & Lt Corp A..*
Common non-voting
*
1,100

13,610
1,950

—.

66 k
48

55

20

1

Mar.

Mar.
Mar.
Mar.
Mar.

15

1

1

Mar. 23

27

11

Sale

k Sale
9k
9k

16^

Feb.

lk Mar. 24
Ilk Mar. 19

Sale

10

12

Sale

2

69
57

*

preferred

13

lk

*

10 United Pub Util $6 pref

1-16

Mar.

k Mar.
7k Mar.

11

Sale

1

7k
lk

Feb.

4k Mar. 31

7

Mar.

lk
k
7k
83 k

11

8

16

100

Mar.
Mar.
Mar.
Mar.

16

21k Jan.
60

Mar. 28

19

k
7k Sale
1 k

3
14

k

22

*

com

2k
12

1

J

*

..*
550 United Dry Docks, Inc com.*

350

2,380

lk
Ilk
k

850 Unit Corp of Amer pref

550

iw*.

90

260 20 Wacker Drive $6 pref..
*
700 Union Carbide ft Carbon...*

90

w

16k

45k
94
Sale
12k
H

21", 050

250

I
2k

40

•

com

9* K&

k
96k
101k
k

20

19

20

22

Sale

*

200 Sutherland Paper Co com

5,500

52
3k

'

15

21

1,000 Super Maid Corp

700

—

62

98 k

37
35

1,450 Telephone Bond 8c Share A.*

160

3,900

10

15

*

50 Standard Telephone pref...*
.._.*
100 Steinite Radio Co
310 Storkline Fur conv pref....25

-

•

3,950
6,100

%

25

Common
700
150 Standard Pub Service A

— — —

„

Sale

Sale
1
lk
lk
3
68k 100
k
5k
6
3
3k
3k
6
18k Sale

1,870

100
m,

Sale

3

•

com

Sale

it*

Convertible preferred
*
Seaboard Util Shares com.. •

440

76

84

300

_

Sale

69 k
Sale

8K

Preferred

2,050 Ryerson 8c Son Inc

1,350

66

17

14

102

Mar.

Sale

Feb.

75

2

2

7

lk Mar. 23

6

Mar.

72k Mar.
60k Mar.
70k Mar.

81k

com

150 Ryan Car Co (The) com

150

73

100

lk

650 Reliance Internet Corp A..*

80

3k

2

Jan.

24

15

k Mar. 5
lk Mar. 18

k Mar.
lk Mar.
3k Mar.

Sale

4

Mar. 28

Mar.

2

Jan.

4

42k Mar.
23

9

5k Jan.

6

3k Mar. 31

4

14

20k Jan.
8
h Jan.
4
15k Mar. 11

4

Mar.

10

27 k Mar. 16
3k Mar. 10

Mar.

Sale

Common. 10

850 Raytheon Mfg Co

105

Jan.
Jan.

13k Mar. 28
k Jan. 11

7k Mar.

Mar.

3

72 k

103

15* ilH

*

150

a

Sale

24

30
Sale
k Sale
ik
2k

23 k
3 k

k Sale
97 k Sale
Sale
Sale
104 k 105
1
1
k
lk
17
16
17
Sale
lk
ik
lk
lk
1
k
Vs
lk
9 k Sale
7k Sale
83 k
85 k Sale
13 k
8
8
Sale

200

1,150

107
Sale

88 k
100 k

....

350

95 k
99

105

Jan.

2
45

2

20

2

Mar. 29

6

Sale

k

81,700 Q-R-S De Vry Corp (The)...
*
8,605 Quaker Oats Co com
Preferred
100
1,230
3,350 Railroad Shares Corp com..*
10
1,300 Rath Packing Co com

1,250

100

125

14
2

4

6

Feb. 20

k Jan.

3k
73

Sale
Sale

101

125

...

22,550
2,090

Sale
Sale
k
k
lk
5
3k
4

3 k

12

15k Mar. 12
5
Mar.
4

Mar. 28
4k Mar. 31

4

6k

25 k

Sale

Jan.

Jan.

k Mar.

Mar. 28

2

14

15 k
k Sale
1
3

14

Sale
Sale

24

k Jan.

Peoples Gas Lt & Coke—

""466

12

5k Jan.

5

40

6

5k Feb. 10
19k Jan.
2

Mar. 31

3
33

6
8

2

2

*

....

1,200 Parker Pen (The) Co com.. 10
1,010 Peabody Coal Co B com..
•

200
•»

Convertible preferred

2
3
19
3
15
11
11

18k Mar. 7
5k Mar. 19
42k Mar. 4
25
Mar. 14

4

20

4

*

Common.

15

lk Mar. 23

42k Mar.

Oshkosh Overall Co—

370

Mar.
Mar.
Mar.
Mar.
Mar.

13

28

45

6

5

5k

2k

Mar.
Mar.

11

5
10

k Jan.

2k Mar. 16

Mar. 31
Mar. 19

15

Sale

15

7

lk Mar. 18
9k Mar. 31
lk Mar. 11

lk
2
9 k Sale
2

23

54

8

3k
k
35k
18k
k
15k
5k

9

Mar. 31
13k Mar. 28
k Mar. 15
10
Mar. 4
3k Mar. 31

13

....

18 k

5k

59

100
com

2

18

5k
70

60

Sale

lk

Sale

21

Sale
2k

12 k

2
85

.....

com
50
550 Northwest Eng Co com
*
120 Nor West Util pr lien pref.100

10

2

1

No & So Amer Corp A com..*

8,250 Noribwest Bancorp

200

5k

5k
1734

Nor Amer Lt 8c Power com..*

50 Nor States Pow A

.

"2",250

12

"s" "~6~~

900 Nor Amer Gas 8c Elec cl A__*

200

4,500

Sale
k
lk

18 k

15k Mar.

15

Feb.

29
13

Jan.
Feb.

2 k Mar.

1
9

k Feb.
10

Mar. 16

5
15

7k Mar.
k Mar.

33

Sale
14
k
k
12 k Sale
3 k Sale

33

37

35

Sale
21
lk

Mar.

k Mar.

I

1

10

4,650 Noblitt-Sparks Ind Inc com.*
»
4,550 North American Car com

3,250
2,700

7/£
y&

Sale

3

2k

4

3**

2k

conv.

16

Mar. 16

15

3

18k

Nat Republic Invest

i%

k

9

Mar. 16

5k Mar.

9

Mar. 16
2k Mar 29
k Mar. 9

Sale Prices.
2
Feb. 15

k Mar. 30
k Mar. 26
-Jan.
6

k Mar. 21
k Mar. 21

15

19k
Sale

Highest.

Sale Prices

9

ok Mar.

15^

19 k

Sale
k
k

7k

10 k

Lowest.

Highest.

k Mar. 30
k Mar. 26

k

k

6

5k
16

Sale
Sale
k
%

19k

10

com

lk
k
15

k
k
9k

9k

5

500 Nachman Sprlngfllled com.*
*
350 National Battery Co pref
.*
98,700 Nat Elec Power A part

100

Bid

Sale Price*

Sale Prices

Ask.

Ask

Bid

*k

—

100

Ask.

Lowest.

March 31.

March 1.

1932.
Bid.

Shares.

Sharse.
500

RANGE SINCE JAN. 1.

PRICES IN MARCH.

CHICAGO

AGGREGATE SALES.

EXCHANGE

STOCK

CHICAGO

58

Feb. 18
2k Mar. 31
1

10

_

4

lk Jan.

Mar.

Jan.

5

k Jan.

6

13

Mar. 26

lk Jan.

8

RANGE OF PRICES ON PHILADELPHIA STOCK EXCHANGE

_

_

_

_

Shares

_

Jan. 1 to March 31_

AGGREGATE SALES.
In

1931.

1,228,341
2,923,996

1,685,067

Jan.

Shares.

BONDS

10,000
1,000

7,000

2,000
8,000
14,000
1,000
6,200
8,000

5,000
152,600
4,900

"5",006

4,000
7.000
1,400
1,000
2,000

i hares

1.

Bid.

1,000 Adv Bag & Paper 6s
1952
2028
31,700 Amer Elec & Gas 5s
154,302 Elec & Peoples tr ctfs 4s. 1945
Certificates of deposit.
11,000
8,400 Georgia Power & Lt 5%«_1967
10,000 Interstate Ry 4s
4,000 Keystone Tel 5s

3,000
64,000
11,000
7,500
2,000
7,000

1 000

Lehigh Valley Annuity 6s

Lehigh Vail Trans ref 5s.1960
Northern Penn 4s_...
1936

1966

1st 5s
Phlla Elec Pow Co

Phila Sub Co 4%
Pub Serv El & Gas 4s

3,200
1,200
3,263
11,625

12

5,200

10

160

2,580
7,900

16

388

2,900
5,800

98**

30

30

62

132

2,852

2~7O6

3,500

32

95

84

85

600

95**

203,800
1,400

100

101 J*
100

Sale
Sale

84**

85**

•No par value.

4

Sale

Mar. 28

W*
92

Mar. 30
Mar. 15

29** Mar.
30** Mar. 15

Mar. 26

87

Jan.

97

Mar.

3

Feb.

91

Mar. 28

93
83
100
100

Jan.

Mar.

Mar.
Mar.
Mar.
Mar.

90

92**

87

97

98

95

Feb.
Feb.

8*
8*

&
30

Mar.
Mar.
Mar.

84**
85**
102
Sale
100** Mar.
101** Sale
104** 104** 103** Mar.
103** 104

103** Mar. 14
104** Mar. 23

95** Mar. 18

95** Mar. 18

Feb.
Mar.

Feb.

Feb.
Feb.

95** Feb.
84** Jan.
Feb.

30** Mar. 15

92
Mar. 26
97
Mar.
3
91
Mar. 28
16
16 103** Mar 14
2 104J* Mar. 23
10
96** Jan. 2T
13
96** Jan. 12
Feb.
1
1 100

7

10

.

99
85

Feb.
Feb.

8
26

91** Jan.

12

73

Mar. 10

75

Mar.

4

Feb.

8

91

Jan.

Mar. 18

85

Mar. 18

Mar.

7

90

Jan.

33 M Jan.

5

9% Jan.

2

36% Feb. 20
10% Jan. 15

73

1987

.....

90

84

9**

>1

9

Sale
108

106

5**

111**

6

o

J

10*

39

35%
13**

Budd Wheel Co....

"II**

Airport..
J...100

so! Traction of N

Battery..100

Fire Association

10

...

Horn & Hardart (N

Y) com..*
10

en

105

115

26**

Preferred

30

7**

2**

1

in

34%

9

10

Sale

"'1%

Sale

13
38

14%

Sale

10

26
31
Sale

100

33**

_35**

10**
13**

11
2

Sale

1

3

2**

65
Sale

J*

Mar.

7

86

34% Mar. 29 36% Mar. 20
10
Mar. 19
9% Mar. 8
Mar. 14
109** Mar. 26 113

106

7

"3""

Sale

"I"" Sale"

..10

2

"3

36**

40

Mar.

8

26

7

Mar.

11% Mar.

10

Mar.

11

2

1

1

Mar.

3

1 **

Sale

1** Mar.

8
9
5

'"2**

Sale

15%

Sale

25**

45

67

75
Sale

30

3%
4%
9% Sale
3%
3**
26

23

Sale

1

22% Sale

4

""4%

3

40

42**

37

35

69%
94%
28**
108**
24

1**

Shreve El Dorado Pipe L

%
2

*

32

35

1

"1-16 """"%

50

Sale
Sale

Certificates of deposit
United Gas Impt com new..*

2

35

Sale

3

Mar. 18
Mar. 12

98%
30** Mar. 9
108** Mar. 16

Mar.

Mar. 23

26

Mar.

4% Mar. 19
Mar. 11

1

40

Sale

99

25

Mar. 17

1
5

14

% Mar. 22
22% Mar. 31
24** Mar. 14

Mar. 29 42%
Mar. 30
98%
86
Mar. 23
Mar.
1 101

Mar.

Mar. 14
Mar. 30

36% Jan.

Mar. 23
Mar. 10

86
91

1** Mar.

1

60
6

59
5

40

Mar

17

15

Mar. 28

17

Mar.

7

18

Mar. 31

21% Mar.

7

8

94

Mar. 10

59

Mar. 18

59

Mar. 18

Mar. 23
Jan.

*0

5
43

Sale
66

i*
45

6

48**

2%
4%
45

4
5%
47

4% Mar. 29

120*
30

5** Mar.

8

Jan.

8
11
8
22
14
14
30
5
21
26

Jan.

15

Jan.

9

Jan.
Jan.

Mar.

14** Jan.
17% Jan.
2% Jan.
3

Jan.

68

Jan.

3% Jan.

W*
36
74

28

Jan.

1!*

Jan.

7
Jan.
4
1-16 Jan.
6
5-16 Mar. 22

5
14% Jan.
6
14% Jan.
5
17** Jan.
89% Jan. 26
59
Feb. 20

Jan.

Feb.

19
21
15
20

28% Jan. 20
26% Mar. 1
8
5** Jan.
35

Feb. 16
24** Mar. 14

42*1
IT8

7 101

% Mar. 31
32% Jan. 11

Feb.

Mar. 30

Mar. 23
Mar. 10
Jan.

%
40

7

13

Mar. 14

Jan.
Jan.
Mar.
Jan.
Feb.
Jan.
Jan.
Feb.
Mar.
Mar.
Jan.

Feb.
Jan.

2

29

4

Jan.

3** Jan.
4% Jan.

15
2
8
17
4
19
8
29
13
7
10

Jan.

11

80
...

i»

% Mar. 31

6

preferred

W Ter^v gr Seashore RR

8
4

Mar. 30

98

1

Mar.

2

% Mar. 16

5

Jan.

% Jan. 25

92** Mar.

Jan.

5
4

5-16 Mar. 22

59

Mar. 28

2
3% Jan.,
8** Mar. 29
Jan.

*A
Sale

*

24

Jan.

%
Sale

.*

30

Feb.

Jan.

91% Feb. 10 98% Mar. 12
28% Jan. 28 30?* Mar. 9
108** Mar. 16 108% Mar. 16

3

37
98

9

Jan.

3

**
16**

88

Jan.

24

i-16~Mar. 24

91

15% Mar. 31
35
65

9
1

"""% "1-16 ~""*i

19** Sale

2

7

1-16

89

16

Jan.

Mar.

1-16 Mar. 24

Sale
91
60
6

Feb.

Mar.

% Sale
38**
40

18

1% Mar. 18
2

Mar.

% Mar. 31
36% Mar. 5

15

6

1** Mar.

% Mar. 31

**

Jan.

Mar.

ieH

Mar.

% Mar.
22% Mar.
24** Mar.

% Sale

*

Common clasa B

Mar.

Mar. 10

72

'

...1

new

100

98

1** Sale

3

.

Mar. 22

Sale

25

Bridge..

Deve!

Sale

IVA

Mar.
Mar.
Mar.
Mar.

3% Mar.
8** Mar.
3** Mar.
24% Mar.

86
99
Sale

7

10

Mar. 30

63

"3%

Mar.
15% Mar.

3%
39

6% preferred
Utilities Corp

1

1**
2** Mar.

"2**

25

Sale

Sale

10

Mar. 14

25
14
14
Jan. 14
Feb. 18
3
9
14** Jan.
Jan.
8
2
Feb.
3
22
33% Mar. 5
9% Jan. 13
Mar.
5
Jan.
9
6

Mar. 31 100
40
Mar. 28

9** Feb.

Mar. 22
Mar. 17

65

53

-----

38**

11

Mar.

70

31

25

26

25

30

Jan.

105

37

26"" "30""

deposit

3

90

33

Corp.

Feb.

20** Feb.

Mar.

10

Sale

6

112% Mar.

Sale

Sale

Jan.

6

24% Mar. 29
6?* Mar. 5
8
J* Feb.

33% Mar.
7** Mar.

Sale

Sale

1

Mar. 31

28

3**

30

Mar.
Mar.
Mar.
Mar.

Sale

Sale

8

Jan.

&
90

96**
28** Sale

3**

Mar.

2

20

12

Mar.

94**
94%
29% Sale

24 J* Sale

.

2% Jan.
36
Jan.

90

18% Sale

Sale

13** Mar 16
1** Mar. 5

9

Sale

30

13

Mar. 5

36

11

Sale

25

Jan.

9

90

28

50

8

10

14%

4 113

22

9** Mar.

Mar.

35%

Jan.
Feb.

1% Mar. 30

Mar.

65

4**
14%
4%
26**
26%
1 **

Mar.
Mar. 17
Mar. 3
Mar. 10
Mar. 3

25

30

3** Sale

2**
10**
3%
36%
13**

Sale

92

.—-50

6

""I**'Mar ."30

25

66

7% A

4 Ex-dividend

86

24%
6**
%
107** 112% 108**

90

RR

Second

Mar.

6** Sale

.2*

Rapid Transit
7% preferred

Preferred

86

25

24

36
74

Phila Insulated Wire

Seaboard

Mar. 18

26

22

*

.

Phila

Shares

85

2** Mar. 22

2

38"
35%
12** Sale

it*

J.*>

Prod pref
Phila Elec of Pa $5 pref

Kailroarl

Mar. 18

71
85

6

6**
Sale

112** Sale
25** Sale

30
28**
10** Sale

pref..*

Phila Dairy

Phila Elec Pow pref.

22

100

...

cum

27**

34

110%

2

18* SP

10tf

Bank Sec Corp

15**

26** Sale
7**
8

100

Preferred..

vl lit

*V/s

Sale

3%
50

Fire Insurance

Electric Storage

89

86

35** Sale

♦

100

Preferred

Central

83** Mar.

Par

G) Mfg Co

Camden

Mar. 28

Mar. 29

91

Inc...

ttudd (K

Mar. 10

91
75

77
85

200 Victory Park Land Impt....
Warner Company
*




88**
86 J*
29**
30**

91

95

Southeastern Pr & Lt 6s

2,200

90

23

1

932 U S Dairy Prod clasa A

1,600

30** Mar.

Feb.

8

96**

30** Mar. 24

8

2,000
1,700 Tonopab Mining
11,800 Union Traction

200

600

32

26

Tono-Behnont

300

61",700

"87"" Sale"

97

132 Telephone Security preferred

2,900

30

Feb.

Feb.

133 Tacony•Palmyra

28

800

.....

86** Sale
31** Sale

39%

"85"" "90"

800 Sentry Sufety Control.......

"

"""800

99**

.....

28

20 Scott Paper series A...

1,630

Feb.

70
106

22

12

Jan.

14** Mar. 24
Jan. 21
Feb. 240
24 86
8
80** Jan. 24
Feb. 23
17 107
8 30** Mar.
8
5
99** Jan. 30
2
75
Jan. 14
4
88** Mar. 4
18
87** Mar. 8
Feb.
5
30 35

Feb.

5 Reading RR 1st pref
800 Reliance Insurance.
364 Scott Pater

20

90

70

Feb.

Feb.

310 Reading

142

1

14** Mar. 24
68** Mar. 8

90

250 Phila Traction ctf of

1,089

90

60

14

29
Feb.
6
28** Jan. 23

Mar. 29
Mar.
8

5,809 Phila & Reading Coal & Iron.
3,865 Philadelphia Traction
\5

250

9

90

14** Mar. 24
68%iMar. 8

86

16 Phila Germ & Norrist'nRR 50

358

1,300
1,760

14** Mar. 24
68** Mar. 8

Jan.

99

71,400 Pennroad Corp
50
90,600 Pennsylvania RR
700 Penna Salt Manufacturing..

960

Mar.

107

Mar. 17

87

Mar. 14

85

890 Lehigh Valley

1,700
4,300

167

305

74

4
9

100

13,700 I nsurance Co of N A
373,000 Lehigh Coal & Navigation

67

909

68

25** Mar. 23
26** Mar. 9

Prices.

65
86

Reading improvement 4s
Safe Harbor W Pow 4V$s_1979

30 Penn Cent L & P

1,450

74

27** Mar.
26** Mar.

Mar. 14

Sale

1944

232 (I) Fishman & Sons——...
390 Horn ik Hardart (Phila) com.*

40

2,600

68

70"" "74"

J1971

STOCKS

900

300

w

Keadng Terminal 5s__
Reading Terminal 5s

125 Con

23,300

28

65

Highest.

Sale Prices.
65
Mar. 14
Feb.
6
w* Feb. 16
24
24** Feb. 25

-

690 Cumbria Iron....

"

16"6oo

5%k..I972

6,800 American Stores..
3,700 Hankers Securities pref
4,125 Bell Tell Co of Pa pref

4,300

1,800

26

Lowest.

Sale Prices.

Penn Cent L & P 4%s.

6,000 York Rys 1st 5s

1,400

275
600

28

28

1.000 Wil & Chester 6s—

825

4,400
14,900

26**

106

24%

Highest.

Prices.

Mar. 14

Sale

65

7.000 Straw bridge & Clothier 5s '48

46,000

70

l",465

Ask.

..

1.000 Peoples Pass 4s T C ctf dep...
24,500 Phiia Elec (Pa) 1st s f 4s.l966
1st 4%s series
23,000
1967
1st & ref 4s
1971
10,200

533,100
192,600
9,000
13,000
1,000
5,000
1,000
47,000

Lowest

March 31.

Bid.

—...

370

RANGE SINCE JAN. 1.

..1948

Lehigh Nav cons 4

25 Bornot

5,025

Ask

-

1935

2,000 Pennsylvania 5s_
—1968
Penna Pow & Lt 4H>
1981
16,000 Peoples Pau tr ctfs 4s—1943

11,810

300

Bid.

26,000

~4'306

1,200

Ask.

Lehigh Power 8c Light 6s—:

Sharer

3,000
1,100

March 1.

1932.

Shares.

1,000
2,200

MARCH.

Price
Jan. 2

March.

40,506

$1,544,800
4,373,700

$392,300
1,518,073

Jan. 1 to March 31__.

IN

1931.

1932.

March.

PRICES

PHILADELPHIA
STOCK EXCHANGE

Since

1,000

Bond Sales.

1932.

530,695

Stock Sales.

March

46

Jan.

9

25
11
Feb.
9
Mar.
8
Jan.

13

RANGE OF PRICES ON BOSTON STOCK EXCHANGE
Stock Sales.

1932.

Shares

March

1,811,444

Jan. 1 to March 31-_---____„

2,301,513

PRICES

STOCK EXCHANGE
Since

In

$
9,000

18,000
7,000
9,000
31,000
3,000
3,700
4,000

"i",666

33,000
11,000
4,000
3,000

aer

51

Jan.

5

31

38

Feb.

15

43

Feb.

55

Feb. 23
Mar. 26

47

3

47
83

94%JMar.28

90

Feb.

Feb. 23
Mar. 3
Jan. 14

84

95

91

Sale

92% Sale

17%

24

Sale

28

100

48%

8c

Maine

33

Mar. 24
Mar. 15

53

Mar. 18

31%
31%
33 %
33%
53%

Mar. 9
Mar. 5
Mar. 26
Mar. 24
Mar. 29

48

53

58

7

100%

Sale

"80"" "85"

91% Mar.

7

80

100% Sale

Mar. 19

100% Mar. 3 100% Mar. 23
48% Mar. 29 48% Mar. 29
48% Mar. 29 48% Mar. 29

100%

"80" l66"

24

§1 " "99%

100

76

Sale

130

124

115

Sale

72%

Sale

72%

115

Mar. 28 125

Mar.

75

Mar.

10
45

16

12

58

15
—

--

-

Sale

3
9

100

100
...100

51c
5

2%
75c

19%

23

15

30

33

10

55

10

45

157

135

140

94

35

Mar.

11

Mar. 28

13

Mar.

24

Mar. 14

1
....

5
1]

20J

2

50

86

18

1%

.100

.......

1,195 Boston Personal Prop Trust
1,177 Brown 8c Co pref

1%
15

—

m.

—

»'■

*

87

—

1.00

55c

55c

6

23%

~5~

3

1

3

89

95c

Sale

92
1.00

S*
1

19% Sale

Sale
a

%
2%
%

\Y*
1

2% Sale
13

730 East Boston Land

10

3,842 Eastern Gas & Fuel Assn com
1,465
4%% preferred........ 100
3,419
6% preferred
100
6,891 Eastern SS Lines. Inc new

976
324
891

1,245

836

225

Preferred.

""2,895

64

1%

Sale
....

2% Sale
1%
1%
1
1%

Sale

1%

15

11

%
2%
1
2

100

*

1

56

100
70

8

.....

1

1%

Feb.

Jan.

25
8

3

1% Sale
2

Sale
5

Jan.

1%

89% Mar.
50c

Mar.
Mar.

Jan.

4

Jan.

16

62

Jan.

15

Jan.

15

12% Feb. 26

24

Jan.-7

24

92

3 153
9
50c

Mar, 14

Sale

85

15%

16%

35

36

82

Sale

18

Sale

7%
4%
12
1

8

5
Sale

~80"" "95"
15%

Sale

M
17%
6%
3%
20%

7%

18%
8
4
Sale

39

85% Sale

16%
8

15%
4

Sale

9%
17
6

3%
3%
18% Sale

32
50

Jan.

5

Feb.

24

Mar, 18

85

Feb.

13

Mar.

3

153

Mar,

9

50c

5

4

Mar. 11

96c

19

Mar. 31

26% Mar.

5% Mar

3
90c

Mar.

Mar,

Feb.

2

Mar, 11
5

Feb.

5

Mar.
Jan.

3
21

Jan. 22
Feb.
8

Mar, 30
8
Feb.

17% Jan.

Mar. 18

k

Jan.

13

Jan.

15

Jan.

19

98

Mar,

§8

Mar, 16 100

Feb.

1

91% Mar. 3
15% Mar. 31

95

Mar,

87

Jan.

6 100

Jan.

12

23% Jan.

22

Feb.

4

% Mar. 28
Mar. 30

2

% Mar. 10
2

Mar. 10

15% Mar, 31

19% Mar,

1

Mar.

•%
1%
%
1%

6% Mar.
% Mar,
2% Mar.

Mar. 28
2
Jan.
4
Feb.
5
Jan.

3

9

6% Feb. 29
Feb.

3

3

Jan.

14

14

Feb.

9

2% Feb.
2% Feb. 16
Feb.
5 137
107% Jan.
5
4% Feb.
3% Jan.

16

14

Feb.

19
3

15

Mar. 21

20

Mar.

14

Jan.

5

22

Feb.

19

70

Mar. 16

70

Mar.

Feb.

Jan.

16

Mar. 26

12

Mar.

Jan.

11
4

70

10

65
8

5

Mar. 29

8

Mar.

5

Mar

29

1% Feb. 25

7
60

Mar.

3

Mar. 12

1% Mar. 10

Mar.

9% Mar. 2
63% Mar. 18

Mar. 24
7
1% Jan.
1% Jan. 11

12% Feb. 13
9% Jan. 27
1% Feb. 25
Feb.

1

7

Mar. 28

2

1% Feb.

1

Jan.

27
11

120*

Feb.

64

Jan.

4

70

Jan.

28

Jan.

2

9

Jan.

14

34

Jan.

15

82

Jan.

4

Feb.

16

58

Mar.

7

8% Mar.

5

7

Mar. 23

85% Mar. 31

62

35

35

Mar.

85% Mar.

205

2

9

20% Mar.

Mar.
Mar.
Mar.
Mar.

Mar.

9% Mar.

171% Mar.
7% Mar.

11%
5%
3%
18%

8

57% Mar. 30

15

Mar.

57% Mar.
7% Mar.

5

7

Mar.

4

Mar. 19

24% Mar.

2

Mar.

2

4

4%

6

92

3 153
15

Mar. 16

Mar. 23

4% Mar.

72

.....

14

14

Mar, 14

19 135

18

173

Jan.

Jan.

24

Jan.

90c

1% Mar.

60% Sale
57% Sale

16

Jan. 21

26

Mar. 30

1

Sale

5

35

4

2

8%

2
15

Jan.

130

2%
\

14

22
12

2

....

Sale

299 Hathaway Bakeries class B__
Class A
125

125

10

12%

1%

Sale

Sale

....

6

15
....

8

8

...

13
70

60

"68""

190

583 Gilchrist Corp
24,275 Gillette Safety Razor Co
*
235 Greenfield Tap & Die......25

225

11,631

Sale

68

Jan.

76% Jan.

5 130

72

Mar,

110
Mar. 28 135
109% Sale
Mar.
3%
3%
3% Mar. 24
4% Mar.

Sale

7

4,355 General Capital Corp..
116 Georgian, Inc (The) A pref..

1,415

Sale
4

60% Sale

64

6,266 Edison Elec Illumination.100
9,132 Employers' Group Assoc T C.

3,810

108% Jan.

Mar, 28

14

7%
60%

31

175
First preferred..
255 Economy Grocery Stores

10

52

10

750 Continental Securities Corn
2,725 Crown Cork Internat Corp..

20

Jan.

32

98

15% Sale

Sale

Sale
1

2
22

99
95

91% 100
18% Sale

125%
116% Sale
3%
3%
3%
17
17% Sale

9

50 Brown 8c Durrel Co common.

1,230

Feb.

11

.....

228

100% Jan.
2
48% Mar. 29
48% Mar. 29
85
Jan. 14
99
Jan. 19

99% Jan.
48 % Mar.
48KJ Mar.

35

Mar.

132% 140

100

18% Sale

65c

89,718 Amer Telep 8c Teleg
100
2,005 Amoslceag Mfg Co
...»
1,119 Bigelow-Sanford Carpet... •

270

Feb. 23
Feb. 18
Mar. 19

4

49

21

24

100

75c

Preferred

24

Jan.

68

150 Amer Pneumatic Service...25
Preferred
1,455
........50
First pre .'erred
5
50
2d preferred
20

43

60

Mar.

Mar.

49% Jan.

15% Mar. 12
19% Mar. 11

21

39% Sale
10
12%

153

Preferred B
...

50

13

40

--

1,466 Amer 8c Continental Corp

18

70

Feb.

Feb.

33

35

72% Mar. 18

9%

46

100

MI SCELLANEOUS—
2,371 American Founders Corp

360

Feb.

22

Jan.

23

10

73%

100

19,829 Pennsylvania RR...

445

95

91% Mar.

20

99

117% Sale

8%

87 Norwich 8c Worcester pf.100
222 Old Colony
100

24,821

85

4

31% Mar. 9
31% Mar. 5
33% Mar. 26
33% Mar. 24
53% Mar. 29
96
Jan.
5
91% Mar. 7

15

100

Adjustment

8

17% Jan.

80

99%

Pref

14,208 N Y N H A Hartford
200
Preferred

345

31

"22 """Mar ."15

Ser C 1st pref stamped..100
Ser D 1st pref stamped..100

20

25

25% Mar.
1
29% Mar. 22

91% Mar.

Ser A 1st pref stamped__100
Set B 1st pref stamped
100

530

810

29% Sale
-----

__

641 East Mass St Ry Co..
100
First preferred.........100
395

1,715

Mar.

96

219 Chic Jet Ry 8c U S Y pref
100
Common

110

85

65% Mar.

Par.

194 Boston & Providence

'"""27

1

5

70

Sale

1957

Class C 1st preferred

116

""325

Mar.

91

33

Common stamped

169
10

175

83

65% Mar.

60

23

1,907 Boat 8c Maine prior pf stpd 100

12

Mar. 26

58

"83" "Mar ."26

81

90

20

STOCKS

""16

9,822

Sale

53

1940

990

4,253

58
27

21

Indianapolis Pr & Lt

5

65
30

46%

1948

4%s

Highest.
Sale Prices.

27

"I" "96"

1396

273

100

Prices

61

J948

Illinois Steel

Lowest.
Sale Prices.

Highest.
Sale

Sale Prices.

55%

.....1948

Hood Rubber 7a

130
10

122

Ask.

65

Serlea D 6a
Series C

Lowest.

March 31.

Ask. Bid.

Series B 5a

15 Boston

1,096

Bid.

54%

A 4H« 1948

1,253 Boston & Albany
6,042 Boston Elevated

1,483

RANGE SINCE JAN. 1.

IN MARCH.

50

2,000 Kan City Mem 8c Blrm 4a. 1934
Income 5a
1934
2,000
33,000 Mt Hope Bridge Flat 6%s '57
68,000 New Engl Tel «c Tel 5a...1932
4,000 Nor Am Lt & Pr A 5%s..-1956
Series B
3,000
1956
4,000 P C Pocahontas deb 7a
1935
1,000 Sevilla-Biltmore 7%s
1937

327

March 1.

Ask.

25%
24%

Shares

Sharet

1932.

1948
56,000 Amoskeag Mfg Co 6a
1946
12,000 Brown Co 5 M*
5,000 Canad'n Intl Paper Co 6a.l949
19,000 Chic Jet Ry & IJ 8 Yda 4a. 1940
5a.
1940
22,000
East Mass StRR

732,400

Price

Bid.

69,000
61,000
6,700
3,700
5,000
1,000
1,000

587,450

Jan. 2

BONDS

1.

Jan.

March.

$184,000

Jan. 1 to March 31.

BOSTON

aggregate sales.

$268,550

March

719,548

1931.

1932.

Bond Sales.

1931.

553,604

■

Mar. 11

18
70
9

4

3

Jan.

36% Jan. 20
4
85% Jan.
16% Jan. 15

Mar.
171% Mar. 29 205
9% Mar.
7% Jan. 15

11% Mar. 23
5% Mar. 19
3% Mar. 26
10% Jan.
5

20%
8%
5%
24%
2%

2

Jan.

12

9

4

Feb.

8

6

81

Mar. 11

72

Mar. 11

81

Mar. 31

24

Mar.

3

18

Feb.

Mar. 21

72

Mar.

7

70

Mar. 21

Mar. 31

9

Mar. 31

9

Mar. 17

2

9

Mar. 5
Feb. 13
Jan.
8
Mar. 3
Jan. 14
Jan.

7

Mar. 11

Hygrade-Sylvanla Lamp—
207

,

1,131

30

69

Com srk

...

18

Sale

65

21% Sale

tr ctfs

Preferred

68

1

24% Jan.
75% Jan.

4

Jan.

2

5

internat Button Hole Sew¬

50

350
15

90

8,367
335

150

ing Machine Co..

1©

4,260 Jenkins Television Corp
136 Llbby McNeil Llbby
786 Loew's Theatres

com.

10

9

1%
3

25

8

23.489 Mass Utll Associates ▼ t c_...
592 Mergenthaler
Linotype...100

2

.....

10 Mulllns Mfg Co

•No par value,

a Assessment




paid,

11

1%
3%
8%
Sale
53

9

60c

3%
8%
2%
42

10

90c

4%
Sale
Sale
Sale

Sale
60c
3
8

80c
4

8%
2%
2%
39% Sale

60c

Mar.

4

3% Mar. 16
8

Mar.

3

2% Mar. 18
39% Mar. 23

80c

Mar.

4

3% Mar. 16
8% Mar.
1
2% Mar. 9
43

Mar. 16

%
3%
7%
1%
39%
24

z

Ex-dividend.

Jan.

2

Feb.
3
Feb.
3
Feb. 24
Jan.
5
Mar. 23
Jan.

9

9

Jan.
7
3% Feb.
3
8% Mar. 1
2% Jan. 13
1%

53

Jan.

24

Jan.

15
9

BOSTON
AGGREGATE SALES.

PRICES

BOSTON
STOCK EXCHANGE

In

Jan. 1.

Shares.

Shares.
368 Nations! Leather

22

1,053
160

Jan. 2

STOCKS

New England
New
922

10

80

Ask.

50c

25c

Bid.
26c
60c

~~15

1654

16

March 31.

Ask. Bid.
50c

30c

Sale

1754

Ask.

50c

54

54

Lowest.

50c

Mar.

Mar.

9

Sale Prices

30c

7

15

15

17

3

Sale

2

101

Sale

98

Lowest.

Highest.

Sale Prices.

Sale Prices.

Highest.

Sale Prices.
26c
Mar. 14

Mar. 23

1754 Mar.

5

554 Sale

Prior preferred

4

Sale

108

554

7,711 New England Tel Ac Tel

3,622

Mar. 29

1854 Mar. 15

...

3,036

5,529

54
15

100

107

Pacific Mllla
100
20 Public Utility Holding com..
Warrants

8

854

,

54 Sale

9 54

50c

Sale

Sale
75c

754
25c

8

8

554 Mar. 3
2154 Mar. 10

Mar. 28 114

Mar. 29

Mar.

9

1054 Mar. 11

75c

225

1,260 Reece

2,604
4,477
2,487
545

746

6% Sale
cap

stk.
25

....

875 Union Twist Drill
100 United Carr Fastener Corp

100

480 U S Elec Power Corp..
Utility Equities Corp

*

200

95.50
dlv priority stk allot ctfa..

50

451

200 Venezuela Holding Corp
System Inc
....*
10 Waltham Watch class B

414

2,469

50

Preferred

Sale

8
Sale

1854 Sale
30 54 Sale

20c

25c

13

25

16
11

13

954
Sale

2

854 Mar.

1

1

Mar. 17

Bros

Feb.
Jan.

19

1

18

Jan.

18

35c

6

6

Mar. 28

Sale

2

16

Mar.

2

854 Mar. 17
154 Mar. 17

1054 Mar. 31

754 Mar. 3
1554 Mar. 10

Sale

17

Mar. 26

19

2

17

31

32

30

35

15c

Mar.
1
Mar. 23

3154 Mar. 10

5

20c

14

11

Mar.

Mar.

2

Mar.
3
Mar. 14

1154 Mar. 15

154 Sale
3754 Sale
31
3154
1
154

154 Mar. 31
3754 Mar. 28
Mar. 30

254 Mar. 3
4054 Mar. 11
3154 Mar. 18
154 Mar. 8

47 K

4654 Mar. 28

4754 Mar. 28

1054

3

Mar. 14

•

31 54

3454
..—

IK

IK

38K Sale
31

31K

IK
43

40

19 K

1854
5

Sale

IK

2,789 Westfield Mfg Co

can

.—-

1654

1754
10

5

1254

1654

1354
5

31
1

Mar.

3

14

554

6 54

54 Mar. 23
1554 Mar. 9

54 Mar. 23
1754 Mar. 19

10

10

25

""354 "454"

Mar.

1

354 Mar. 26

25

Mar.

1

654 Mar.

5

9
26

Mar. 28

954 Jan.

6

Jan.

12

54 Jan. 15
16

Mar.

2

954 Jan.
2
154 Jan. 20

754 Mar. 3
1554 Mar. 10
19

Mar.

2

30

Mar. 26
Jan.
4

32

Jan.

8

15c

Mar. 23

20c

Feb.

19

10

Jan.

3

5

13

Mar. 14

3

Jan. 18
Mar. 14

254
4054
3754
154

Jan.
9
Mar. 11
Jan. 27
Jan. 15

9

47'

21

Mar. 28
Jan. 19

154 Mar. 31
3354 Jan.
4
31
1

40

18

20

1454

Sale

13

Sale

Jan.

4

Mar. 30

Jan.

54 Mar. 23
1454 Jan.
6
Nov.
7
Feb. 23

25

Mar.

354 Jan.
15

.......

stock..

Jan.

75c.
12

1254

Sale

25

"IK Sale"

...

6

"

Jan. 20

11

65c

2
2

14

13

Jan.

254 Jan. 19

34

100

Conv preferred...

Mar.

854 Feb.
1

6

Jan. 12

16

6 K Sale
1054 Sale

Jan.

9

2154 Mar. 10

Mar. 28 116

754 Jan.

17

3

"1% Sale"

...100

Prior preferred

7,895 Warren
25

"676

31

754
12

1

Mar.

Common..................

2,628 Waldorf

50

Sale
Sale

12

476

276

10 54
18 54

8 54

--

10,181 United Founders Corp com..
23,909 United Shoe Mach Corp
25
Preferred...
25
2,138

240

IK

10

.*
900 Tower Mfg.................5

110

3,581
7,118

Sale

Sale

Button Hole Mach._10

9,584 Shawmut Assn TC
12,107 Stone & Webster Inc
8,789 Swift 9c Co
5,491 Torrlngton Co

Mar. 29

2

65c

16

450 Reece Folding Mach...

600

4

1854 Mar. 15

54 Jan.

41 Ry Lt & Sec Co common

220

18

Jan. 19
Jan.

98

250
41

Jan.

5c

1

K Mar.

Public Service

•

80

March 1.

1932.
Bid.

2,048 Nat Service Co ram the tr ctfa
340 New Engl Equity Corp...

506

RANGE SINCE JAN. 1.

IN MARCH.

Price

Since

March.

61

STOCK EXCHANGE

13

Mar. 31

Mar.

1

354 Mar.
254 Mar.

7

15

13

1

5

7
Mar. 31

Jan.

54 Mar. 23
1754 Feb. 19
Jan.

10

1254 Feb.

16

25
7
15

Feb.
Jan.

19

1854 Jan.

9

17

Mar.

1

7

MINING—

158

951 Calumet 9c Hecla .........25

1,250
4,730

6,205 Copper Range Go
25
9,050 East Butte Copper Mining 10
50 Hancock Consol Mining Co..

'""50

110 Island Creek Coal..
Preferred
10

2K
3K
IK Sale

'"140
100
393
150

3,675

14

16

95

107

25
25

...........25
4,068 Mohawk....
590 Nlpissing Mines
5
2.50
16,620 North Butte
200 Ojibway Mining Co..........
.....

"ioo

300 Old Dominion Co....

....25

IK
40c

IK
65c

1154

Sale

40c

Sale

a

V*

50c

65 St Mary's Mineral Land ...25

2,080
8,100

54
654
254
IK

30 Shannon

25

4,978

10

5c

25c

3,130 Utah Apex Mining.........5
-.1
25,018 Utah Metal 9c Tunnel.

50c

75c

30c

35c

1,170 PondCr Pocahontas Co....*
25
9,563 Qulncy

•No par value.

xEt-dlvidend,




40c

50c

1

450 Isle Royal Copper
300 LaSalle Copper.....

154
254
154 Sale
12c

...........

...

254
254
254 Sale

IK
7
Sale
Sale

1454
8554
154
40c

1654
90
2 >:
65c

1654 Sale
11-16 Sale
35c
45c
50c

7*

£*

154

2

10c
12

Sale
40c
Sale

254 Mar. 5
154 Mar. 31

7

12c

Mar. 18

14c

Mar. 31

12

Mar. 31

12

Mar. 31

154

30c

90c

Sale

16

54
33c

25

1
Sale

7

1
8

154

2

154 Mar.
35c

Mar.

5
8

1554 Mar. 31
11-16 Mar.

30c

1

Mar. 29

154 Mar.
35c
Mar.

9
8

1754 Mar. 4
K Mar. 29
45c

Mar.

3

Mar. 17

1

Mar. 17

654 Mar. 15
154 Mar. 21

8

Mar. 24

2

Mar.

1

54 Sale
40c

Sale

54
35c

Jan. 21
Mar. 31
Fod. 27
Jan. 13
Jan.
8

27
Mar. 31

10c

Jan.

8

85

154 Jan.

12

Feb.

35c

Feb.

18

1154

Jan.

2

11-16 Feb.

8

30c

Mar. 29

54 Feb.
9
54 Feb. 20
6
Feb. 16
Jan.

4

20

55c
Sale

54 Mar.
1
35c
Mar. 23

15

11

254 Jan. 25
40c

Jan.

27

1854 Feb. 19
1

60c

54
154
854
254
154
5c

Jan.
Jan.

16

Feb.
Jan.
Jan.
Jan.
J an.

9
11
14
8
2
17
13
16

1

50c

Jan.

17
4

60c

Feb.
Feb.

Mar. 16

25c

Jan.

15

45c

Feb.

54 Mar.
41c

6

5c" Feb.

25

5

Jan.

354

12

Feb.

Jan.

5

3K
14c

10c

50c

50c

5
2
23

85

8554
1

254 Jan.
154 Jan.
10c

9

Cleveland Stock Exchange
MONTHLY AND YEARLY RECORD

RANGE OF PRICES ON CLEVELAND STOCK

March.

1931.

28,368

36,078

98,519

Shares

_

Jan. 1 to March 31

AGGREGATE SALES.

112,787

March.

Jan.

1936

STOCKS

1,065

110 Apex Electric

•

134
.....

*

100

1,620

72

ice

631
3

1,061
751
82

271
410

5M

20

*

*
*

635

78

403 Cliffs Corporation v t c
225 Columbus Auto Parts pref

..100

......

»
.

193 Commercial Bookbinding.._*
Dow Chemical.....
*
Preferred........

70

6% preferred

Foote Burt

Preferred..

590 Halle Brothers
Preferred

......

30 Hanna M A $7 pref
318 Harbauer..

2,862

450

1,409

10

762

1,223

3

20

20

Interlake SS

•

•

10

*

*
10
*

Lamson Sessions......

Preferred
Mohawk Rubber

41

"""220

100

*

10

100
.25

....

*
50

1,375 Nestle JLe Murclass "A"....*
•
2,441 Nineteen Hundred Corp
•
3,234 Ohio Brass "B"
*
1,119 Packard Electric
825 Packer Corporation
*
Bros

2,765 Seiberling Rubber

125

■

311

Preferred

_

.

....

"3",703
1,120

200 Smallwood

Stone

*

*

100
25
100

No par rftlue.




54 Mar.

7

4

23

13
21

2

34 Feb.

7

3

Feb.

10

25

Mar. 28

27

Jan.

27

Jan.

30

103

Mar. 21

100

Feb.

Mar.

2

1

1334 Mar.

8

3 34 Feb.

Mar.

9

10334 Jan.

Jan.

4

234 Jan.

aS?
if*

7

354

4

3

3%
3%
7%
454

3

< 5

_____

7

101

3

4

Mar.

1

354 Mar. 28
734 Mar. 5

3% Mar.
7% Mar.

Sale

98

99

_

3

30

3554 Mar. 11
9654 Mar. 24

Mar.

9654 Mar.

6

41
43

Jan.

12

Jan.

12

1

Jan.

6

Jan.

22

14

454
334
334
934
534
434

Jan.

754 Jan.
5

7

4

32

Sale

3434

14

Feb.

Mar.
Mar.

1334 Mar.
434 Mar.

1334

Jan.

3
25

Mar.

Sale

1

13

734 Jan.
5
34 Jan. 18
3334 Feb. 29
Feb.

1

154
15

29

Jan.

1354 Mar.
354 Mar.

1
4

27

Jan.

Jan.

Jan.

13%

7

Jan.

7
6

68

Jan.

Feb.

334 Jan.
2934 Jan.
9654 Mar.

36
LOO

Jan. 11
Jan. 18
Jan. 22
Jan. 19
Jan.
5
Feb. 20
Feb. 17
Jan.

16

4%

79
Sale

•

23%
12%
5354

8>4
10
30

1454
454

7.25

1

6

Feb.

1

36

Jan.

30

36

28

Jan.

2

28

Jan.
Jan.

30

28
5%
24J4
26%

334 Jan.
22

Mar. 28

2354 Mar.

4

23

Mar. 30

2354 Mar.

4

22

2

Mar. 28

2034 Jan.

27

2

334 Jan.

2

Jan.

21

25

2354 Mar.

4

26%

2254

5554
954

50%

20

10

12

12

Jan.

23

12

Jan.

23

45

15

45

45

Feb.

27

4954 Jan.

29

60

60

Jan.

5

Jan.

5

234 Jan.

11

44

Jan.

6

12

Sale

8

834

60

"3%

Feb.

35

2954
5%

"3"

Mar. 31

13

5254 Mar. 26
754 Mar. 24

54

Mar. 23

12

12

12

Mar. 11
Mar. 17

854 Mar.

8

Mar. 23

t>0

5054 Mar. 17

334 Mar. 2
5054 Mar. 17

Sale

1154 Mar. 31
49% Mar. 30
1134 Mar. 30

1854 Mar. 8
49% Mar. 30
1254 Mar. 10

79

454 Mar. 31
4954 Mar.
1

434 Mar.
4954 Mar.

74

3%

65

354 Mar. 14

48

52

45

1554

1554

1154

12

Mar. 31

5054 Jan.
534 Jan.

5

9

13

Feb.

20

5634 Feb. 29
854 Mar. 8

60

334 Mar.
2
50-54 Mar. 17

5

17% Sale
1334
7

145*

12

Sale

Jk*
70

4%
49 54

7
Sale

74

5%

25 %
2

12%
14

Sale
4

20
Sale

16

4%

12%

434 Feb.

25

7

Jan.

12

Jan.

20

50

Jan.

20

Mar. 28

65

Mar. 28

5

7

3%
12%
1354

5%
17
15

Feb.

1

40

Jan.

9

40

Jan.

9

434 Feb. 24

5

Feb.

26

Jan.

17
13
22

7

1054

4

17

K

li*
15

5

Sale

6

30

8*

15

2

12

5

6

6

80

75

654

itH

"13%
100

iy>
23%
11

1134

6

30

Mar.
1
Mar. 10

65

8

Mar. 26
Mar. 17

30

5

Mar.
1
Mar. 10

534 Mar.
65

2

Mar. 26

_____

2454
854

15

Feb.

6

15

Jan.

27

7

Jan.

29

3034 Feb.
1.234 Feb.

17

Jan.

8

Jan.

5

2934 Jan.

29

Feb.

9

454 Mar. 18

7

Mar. 26

65

65

254 Mar.

8

8

Feb.

3

20

Feb.

1

534 Feb.
1934 Jan.

334 Mar.

3

olH

120
8

254 Mar. 22

Mar. 24
Mar.

334 Mar.

3

1

115
7

Jan.

100

Mar.

754 Mar.

2

29
9

1

Mar.

2434 Mar.
8

Mar.

16

Mar.
Mar.

M

Feb.

Feb.

234 Feb.

1

Sale
20

254 Mar. 31
20

Mar. 11

4

Mar. 11

Sale

Sale

97
1

97

85

2654 Mar. 23
95

3254 Mar.

Mar. 29 100

Mar.

28

834 Feb.

17

Feb.

1

334 Feb.

20
18
19

100
1

Feb.
Jan.

6

Jan,

834 Mar. 16

6

Feb.

7

Mar.

354 Mar.

Jan.

120

13

Jan.

20

13

2434 Mar. 17

16

9

9

334 Jan.

Feb.

22

8
1

Mar.

30
3
23
6

Mar.

Mar. 17

1734 Mar.
2854 Mar.

95

F3b.

8

23

7

9

Jan.

Mar. 29

2454 Mar. 17
1134 Mar. 3
854 Mar. 6

10

"2854

Mar.

234 Jan.

Feb.

16
Sale

iiH

234 Jan.

Jan.

Mar.

8

Mar. 26

1

1554 Mar. 30

22

32 54

4

95

Mar.

3254

Jan.

Mar. 26

9

6

Sale

334 Jan.

10

Mar.

9

734 Mar.

100

22

21

1234

Mar. 28

654

354

6

Mar.

17

6

25

14

95

634
1754

4

Mar. 24

634 Jan.

20

2

25

*8*

13J4 Mar. 15

12

454 Mar.

434

9

17

334 Jan.
1034 Mar. 22
1234 Mar. 26

8

28

8

Mar.

1*
*

Mar.

1554 Mar. 30

3M

2
29

454 Mar. 24
22

95

17

100

Sale

3

Mar. 24

2

3
3 34
Sale
116

3

7

99%

""354

434
1554

116

120
9

434 Mar. 24
17

63

18

...

654

Mar. 28

4

Sale

,.2« i!K

7%

12

49% Mar. 30
1154 Mar. 30

65
5

10

115

12

Jan.

185-4 Mar.
8
4934 Mar. 30
1334 Jan.
4

50

.____

22

234

Jan.

16

5

30

30

20

6

5

12

Jan.

1

6
_____

14

Jan.

13

Mar. 28

454 Sale

74

6
55
7

1134

Jan.

16

3%

•

20 Standard OH of Ohio pref. 100
«

2

29

80

40

«

8,722 Sherwin-Williams
Preferred
4,778

24

28

41

'

310 Selby Shoe

25

Feb.

Mar. 19

Mar.

17

.

.........

110 Bobbins A Myers vtc ser 1..*
Preferred v t c_...
40
25

"""520

Jan.

34 Jan.

6354 Mar. 22

Mar. 16

100

....

536 Patterson-Sargent.

7

6234 Mar. 15

25

42

95

*

500 National Tool

7,733 Richman

Mar. 12

41

Sale

101

13

*

*

676 National Tile...

106

654
20

*

Preferred

Preferred

70

2754 Mar. 11
6334 Mar. 31

Jan.

24

Mar.

100

379 National Carbon pfd
817 National Refining....

81

177

Mar. 10

Mar.

30

915 National Acme...

700'

Sale

75

100

*

Preferred
10
185 M'»rray-Ohio Mfg Co
170 Myers PEA Bros...

35

% Mar.

30

11

40

55

100

20 Medusa Portland Cement
333 Metro Paving Brick.

10

Mar. 19

6234 Mar. 15

1

%

Mar.

Jan.

41

28

220 YIcKec A G "B"

50

234

1

6354 Mar. 22
25

Sale

5

40

Sale

3% Sale

"2l""

..........100

65 Jaeger Machine
370 Kay nee
941 Kelly Island L Ik T

185
301

Sale

2

39

99

10 Higbee 1st pref erred .....100
110 India Tire & Rubber

30

2,429'

3%

Mar.

39

3%

31

5

734 Jan.
5
34 Feb. 26
Mar. 10

30

25

63 %

27

3

12%
12%
7

3

15

7

66

2%

654

2

3
30

100

149

16

Mar.

2H Feb. 2

14

6

Mar.

5

100

30

Prices.
Feb.

24

Sale

3

60

»

Preferred

39

16

92
95

Feb.

154 Jan.
15

"4154

2

*

910 Grelf Bros Cooperage

431

9

Sale

5

100

6% preferred

525

6801

154
15%

5

52

254 Mar.

101

3%

100

200

989,

14*

28

4,880 Goodyear Tire & Rubber

52

91

34 Jan.

2% Mar. 24

70
24

11

35

...

1,255

1,021
1,144

45

12

100

"""600

40

.♦
*

170 Geometric Stamping
39 Glidden prior pref
15 Goodrich (B F)

50
10

7

5

.....

"26%

.....

•

20

75

% $

8

10054 103
69%

80 Fostoria Pressed Steel...... *
23
21 General T & R

1,800

30

11
35

...100

*
136 Faultless Rubber
357 Federal Knitting Mills
•
805 Firestone Tire A Rubber.. 10

30

Mar.

6

30 Elec Controller & Mfg.
126 Enamal Products.....

655

654

74

29%
75

100

200 Eaton Axle & Spring
50 Edwards (Win) pref

/'

2%

1%

%
2734

3

62%

.*

3,421

13%

%:

26

& Sand Brew ..100

25

208

95

Highest.
Sale

Feb. 16
Mar. 31

92

Mar. 31

91

7

75
1

Cleveland Worsted Mills

300
126

Sale

6

90

3

382 Cleveland Union Stkyds

20

Lowest.
Sale Prices.

99 M

-

1034

5

27%

10

Certificates of deposit.. 100
2,553
1,700 Cleveland Securities prior pf*

100

.....

2534

100

Clark Fred G

296

Highest.
Sale Pricet

...

40*

100

pref..»
2,547 Cleveland Elec 111 6% preflOO
33 Cleveland Ry
..180

44

3%

2%
...

"24"

65 Cleveland Cliffs Iron

1,411

Lowest

2 34 Feb.

10

...»

& Fuel......

Preferred

—

91

94

5

..*

Prof

4,350
1,070 Cleveland

99%

"89"

Ask

2

30 Cleveland Automatic Mach_*

5

234
29H

♦

....

250 Chase Brass & Cop pfd

4,011 City

Ask. Bid.

Bid.

...»

695 Central United National

807
30

Ask.
100 X
97

100

25 Bessemer Limestone..
210 Byers Machine A
100

RANGE SINCE JAN. 1.

Par.

Aetna Rubber......

10 Air Ways pref
8 Allen Industries...
200
Preferred

25

70,600

Sale Prices.

March 31.

March 1.

1932.

12,000 Cleveland Railway 5s
1933
22,400 Cleve S W RyALt GAC5sl954

"""loo

34,900

Jan. 1 to March 31

1931.

39,500

Price

BONDS

1.

Shares.

250

1932.

12,000

-

PRICES IN MARCH.

500 City Ice Dellv Cln 6s

Shares.

—

Jan. 2

Bid.

12,000

March.

CLEVELAND

STOCK EXCHANGE
Since

In

EXCHANGE

Bond Sales.

1932.

Stock Sales.

34 Jan.
134 Jan.
234 Mar.
20

Jan.

2

954 Feb.
2634 Mar.

1

95

Mar.

1

Jan.

80

Feb.

31K
1%
2!h

Jan.

15

Mar. 17

Jan.

11

Feb.

16
7
11

Jan.
Jan.

Jan.

Jan.

1034 Jan.
Jan.
35
100 % Jan.
Jan.
85
Jan.

16
6
6
4

13

22

18

PRICES

CLEVELAND

AGGREGATE SALES.

Jan. 2

Since

In

;

Shares.

STOCKS

1.

Jan.

*
•
120 Thompson Aeronautical....*
220 Thompson Products Inc
_*

Bid.

5

110 Standard Textile A pref
30 .stouffer Corp "A" w w

20

90

10 Trumbull-Cliffs preferred 100
Truscon Steel preferred.. 100

'

Ask. Bid

Bid

Ask.
20

20

20

20

25

"6#

28

-_I-

Ask

1.

90"

25

6

6

7

5y2 Mar. 18
20# Mar. 24
Mar. 16

5

6% Mar. 16

5% Mar. 18
20# Mar. 24
5
Mar. 16

5% Feb. 24
20# Mar. 24
5
Mar. 16

7% Mar. 10

6% Mar. 16
80
Jan. 20
6234 Feb.
8

75

80
■——

Sale Prices.

Sale Prices

Sale Prices

Sale Prices

Highest.

Lowest.

Highest.

Lowest.

March 31.

March 1.

1932.
Par.

Shares.

15
20

RANGE SINCE JAN.

IN MARCH.

Price

8TOCK EXCHANGE
March.

63

STOCK EXCHANGE

CLEVELAND

—--

5% Feb.

19

Jan.
Jan.

7
5

9% Feb.

29

Jan.
Jan.

20
13

6
Jan.
2534 Jan.
3% Jan.
10
Jan.
9
Jan.

28

6

88# Jan.

6

6

47

Feb.

6

25
6

80
65

'yYp 32

25

290

2

9

217 Weinberger Drug......
"
.....50
400 White Motor

19

—100
21 White Motor Sec pfd
510 Youngstown Sheet & T pf 100

.iv;',

.

5#
'23#

10
Sale
4
10#

23

*

12,042 Union Trust
1,485 Van Dorn Iron...

2,061

6#

*

240 Union Metal

135

2%

9%

6
Sale
3#
10#

5
24 %
....^

8

40#

70

40

80

103

"98"

38%

80

3%
10

2

5

Feb.

11

20

Feb.

2

Jan.

3

28# Mar. 16
2# Mar.
9
10
Mar., 3

10
16
23
23

42% Mar. 14

42% Mar. 14

Mar. 28

5

22# Mar.

7

Mar. 17

2

Mar.

10

Mar.

6

Jan.
10
Jan.
9
88 % Jan.
40
Jan.

17

10%

88#

26

88%
40

Baltimore Stock

16
22
23
23

e

MONTHLY AND YEARLY RECORD

RANGE OF PRICES ON
Shares

March
Jan. 1 to March 31

-

STOCK

3,500

3.000

PRICES

Bid.

Ask

Bid.

Ask

RANGE SINCE JAN. 1.

IN MARCH.

~94~~

Sale

Lowest.

March 31.
Bid.

Ask

Sale

Sale

Prices

95# Mar. 30

3,000

5.600 4s sewerage impt........ 1961

7.800 4s burnt district........I960
19W
4,300 4s water loan.

95# Mar. 28

91# Mar.

95# Mar. 31

90

4s

100

""loo

1,400

3.600

unnei

95%

Sale

91

P

sr

is amies

Mar.

4

91

Mar.

4

1,666

5,000
1,000

2.000
6,000
23,000
4,000
6,000
1,000

4,000
6,000
1,000

5%

100

Sale

101# Sale

101

93#
101#
96

98#
90#

98

Mar. 18

Mar. 30 93# Mar. 30
Mar. 31 101# Mar. 31
96
Mar. 28
Mar. 28
Mar. 16
Mar. 9 99
90# Mar. 11
Mar. 11
15
Mar.
9
Mar. 9

75" Mar."2

pfd 1936

75

80

>$8-1948
Maryland State loan 4 #8 1932

40

Sale

37

100

Sale

100

Maryland Mortgage 5

75

1,000

Wash Bait & Annap

40
Mar. 30
Mar. 31 100

i',814

2,616

99
6
10

15c

26#

15c

Sale'

23
.....

3

147

494

Preferred.

103

3#
3#

50c
Sale
32

3#
Sale

15c

"664

4,805

...

23
.....

95

249

587

1,780
3,147
>:
50

968

385
212

63#

Sale

pref w I ser
5% preferred

100

Sale

Preferred

96#
.....

97#

96#

Sale

29#

50

Sale

"97# Sale"

4#

30
15
Sale

30

1,208

7#

1,479

647
24

•

"20

24 Roland Pk Homel'd Co pfd—
400 Silica Gel common..
30 Standard Gas Equip common

980 United Rys at Electric
U S Fidelity Ac Guar

655

5,816
■

•

14,982
4--V 126

Table.




Western

Md

Gash sale.

50
10

Dairy Inc pref *

Sale

6

18

Jan.

25

1

96

Feb.

18

95

Jan.

25

98

Mar. 18

98

Mar. 18

Jan.

10

85

Jan.

20

66

Jan.
Jan.

12
20

93# Mar. 30
2 101# Mar. 31

93# Mar. 30
100
96

Jan.

tlH

96

18

Mar. 28

99

Mar. 28

97# Feo.

Mar. 16

90* Mar. 11

Mar. 11
Feb.

8

Feb.

8

Jan.

20

43

Jan.

20

75

Mar.

2

75

Mar.

Mar. 30

40

Mar. 31

Mar. 31 100

Mar. 31

75

2

Jan.

21

Jan.

14

Jan.
Jan.

21
14

6

36# Feb.

6

55

8

Mar.

8

99

Mar. 19

6

Mar. 19

5

Mar.

5

5

Mar.

Mar.

4

Mar.

8

Mar.

12

Jan.

6

12

Jan.

.Tan.

22

30

Jan.

Jan.

15

4

6
22

23

Mar.

1

3

Feb.

4

23

Mar.

1

Feb.

23

Feb.

16

Jan.

12

Feb.
Jan.

12

2

Mar. 28

Jan.

18

Mar. 30

6

113

Mar. 30

Mar. 30

1

4

Mar. 22

18#
20

Sale

49# Sale

Mar.

20# Mar.
18

65

2

Mar. 14
Mar. 19

68# Mar.
8
107# Mar. 14
103
Mar. 10
97# Mar. 26
50c
Mar. 16

A* Sale
aVA

5
5

17
17

Feb.

10

Mar.

Jan.

55

Jan.

7
6

Feb.

12

Feb.

59# Feb.

10

Mar.

2

Jan.

25

Jan.

28
13
8

106

Mar.

4

Jan.

27

100

J an.

5

Jan.

12

96# Mar. 8
Feb. 19
2 5c

Jan.

15

13

Feb.

13

Feb.

3# Feb.

5

Feb.

25
17

24

Jan.

5

Feb.

8

10

Mar. 17

Jan.

16

40

Mar. 28

Jan.

14

5
Mar.

40

Mar.
Mar.

30

Mar.
Mar.

4#
29#
12#
70#
7#

Mar.

Mar.

Mar. 10
Mar.
8
Mar.
9
Mar.
7
Mar.
2

5

Feb.

Mar.

19

Mar.

3

2

Mar.

2

Mar.

Feb.

3

3

6

30# Mar. 10

30

Feb. 27

Mar. 10

6

1

Mar.

3# Mar.

9

10

5#

5# Mar.
5
Mar.

19
2

14

Jan.
Feb.

14

8
9

Feb.

15

5# Feb.

13

5

8

Mar. 21

Mar. 24

Jan.
Feb.

15

7

Mar.

20

Mar.

7
1

20

Jan.

8

Mar.
2# Mar.

20

Mar. 11

18

Jan.

26

Mar. 11

2# Mar. 24

2

Jan.

21

Mar. 24

20

21

19

3#
Sale
69

6# Mar. 21

Jan.

1# Feb.
7# Jan.

Mar.

20

Sale

21

Feo.

16

Feb.

92

Sale

20

68

......

Penna Water at Power

Feb.

Feb.

&

6

5

6

101# Mar.
96# Mar.
30c
Mar.

8
30

6# Sale

•
W Penn P S pref...25

Ac Miners Transp

380 Northern Central

246

92# Feb.

1

99

12

116

Mar.
Mar.

10

Sale

Sale

8#

1st

284 Monon
415 Mort Bond at Title w 1
7,237 New Amsterdam Casualty...

82

285

11
1

93

11
1

3# Feb. 25

106

2

50

Sale

2

First Nat Bank w 1

Merch

Jan.

Jan.

5

8

3# Mar.

Mar.

.........

2,193

1

Mar.

33
293

3#
29#
10#
5

preferred............25
preferred
25
2,150
6,031 Maryland Cas Co

961

26

Mar. 19

Mar.

"I# ~~4~

5
4

2d

2,307

12

Jan.

12

3

Mar.

Mar.
Mar.

2

61

61

25c

5 Guilford Realty Co......
562 Mfrs Finance common » t..25

"640

Jan.

Jan.

9# Jan.

106

10

227

10

.100
E
.100
......100

64#

70

992

622

Na par

5 4%

Jan.

93

25c

70 Finance Service preferred—

""205

•

*

6% preferred ser D

Consolidation Coal..

93

31

23

113

2

Sale

130 Finance Co of Am class A

70

4
8

N O pf

1,517 Fidelity at Deposit

130

Mar.
Mar.

17# Mar.
17# Mar.
65
Mar.

865 Fidelity at Guar Fire Corp. 10

722

6

3

25

Consol Gas E L Ac Power

93

5

10

116

300 Davison Chemical common
...._*
342 Eastern Rolling Mill
832 Emerson Bromo Seltx Awl

105

99

25

1st prefer red.. ...100

6#%

Commercial Credit

12

Jan.

37

35c

25

Preferred B

10

703
298

295

8

Mar. 19

Mar.

6

*

Black 8t Decker common

1

Jan.

89# Feb. 17
96# Mar. 30

17

30

10 Commercial Credit.......—*

107

5
12

Preferred
20
765 Chew & Pot Tel of Bait pf_.10O

20
103

Feb.

100

Par.

400 Appalachian Corp....
3,034 Arundel Corporation.
67 Atlantic Coast L (Conn)...50
10
700 Baltimore Trust Co..

92

90

Mar. 31

1949

STOCKS.

Shares.

Shares.

4

Feb.

55

5s..1941

1st 6s

1

Mar.

75

Maryland Trust ctfs 5s
1,000
5,500 United Ry & El fund 5s.. 1936
2,000

Feb.

91

36# Feb.

2,000 Silica Gel Corp 6#s w w.1932
7.000 Standard Gas Equip 6#s 1932

7,000
1,000
1,000
3,500

90

4

Mar.
2
Mar. 31

1.000 Merchants Terminal 4#s 1948
1,000 Sandura Co Inc 1st 6s...1940
'

1

Mar.

43

15

Realty Co.,.6s__1943

Gibson Island Co 6%

12

Feb.

91

65

Mar. 18

85

90

1981
1941

4s

Davison

18

Jan.

85

98

85

General 4#s

Danville Traction

93

95

-.1954
5,000 Consol G E L & P 4#s.._1935

3,000

3,000
2,000
2,000
3,000

Jan.

95# Mar. 31

96

2,000 Belvedere Hotel 1st 5s—1932
4,000 Benesch (I)8c Sonsconv6sl939
17,700 Century Parkway Corp6sl956
1934
v 5,000 Commercial Credit 6s
1939
4,000 Consol Gas first 5s

2,000

1

93

...1937

....

93

27

Feb.

14

Mar. 28

89# Feb. 17

91# Feb.
92# Feb.

City 4s 1940, Public Imp
4s Harbor

Jan.

90

2

93# Jan.

95#

1

6
90# Feb.
91# Jan. 26

§6# Mar."30

City 4s 1944, 2nd School....
"

Feb.

93

96# Mar ."29

90

1946

School

90

Jan.

94

93

series—1954
& B (Cpn)
1952
hnpt
195)

4

2.000 4s second school loan...1948
1946
3.000 4s 2d Sewer (cpn)
4s 2nd

Prices.

95# Mar. 30

90

97

..1951
3,100 4s p ivlng loan
6,000 4s second water serial...1950
1,200 4s 2nd Sewer (coupon! ...1948

1,200

9

'89#

96

90#

unpt

4s second water

100 4s 2d

Mar.

91

Mar.

91

'90#

1955

1.200 4s park loan

30

Jan.

90

95# Mar. 28

90%

900

92

Sale

Prices.

6
90# Feb.
90# Jan. 26

90

1961

4s dork loan.

Highest.

Lowest.

Highest.
Sale

Prices.

95# Mar. 30

90

...........1962

4s conduit

600 4s Jones Falls.........—1961

5,300

March 1.

1932.

BALTIMORE CITY BONDS—

s

$

158,200

Price

EXCHANGE

BONDS

1.

Jan.

Jan. 1 to March 31___

$282,600
976,300

$50,700

Jan. 2

Since

In

1931.

1932.

Bond Sales.
March

31,161
97,300

BALTIMORE

AGGREGATE SALES

March.

BALTIMORE STOCK EXCHANGE
1931.

1932.
22,133
63,594

Stock Sales.

6

Mar. 31

i

3

66

Feb.

8

I Feb.

48

Jan.

5

I Jan.

90

Mar. 11
Mar.
7

90

Mar.

1

51

13#
67#
50#

Feb.

24

Feb.

24

3

Mar. 23

3

Feb.

29

Feb.

20

3

'50c" Sale
5#
853

Sale

4J$ Sale
35

Mar.
Mar.

20
53

Mar.

3

53

50# Mar.
90

19

68#

Mar.
Mar.

13
69

50c

4# Mar.
85

Mar.

Mar. 12

13

69# Mar.

1# Mar. 2
6# Mar. 11
85

Mar. 22

50c

Mar. 31
Feb.

Mar.

7

4# Mar. 29
85

Jan.

4

[ Mar.
i

20
16
14
7

2

Jan.

18

Jan.

20

RANGE OF PRICES ON DETROIT STOCK EXCHANGE
Stock Sales,

1932.

March..

477,129

707,992

1,176,944

Jan. 1 to March 31

AGGREGATE SALES.

DETROIT

PRICES IN MARCH.

Since

March.

Jan. 1.

Shares.

Shares.

180
246
mm

—

Jan. 2

STOCKS

March 1.

1932.

Bid.

Ask.

l"

""1%

603 Auto Fan Ac Bearing com
100 Baldwin Rubber class A

-

*
*

m'mmmmm

155 Consolidated Paper com—.10
1,835 Continental Motors com
2,715 Copeland Products Inc.—.

3%

551 Crowley-Milner Ac Co com..*

4%

560
100

613

1,039 Deiael Wemmer Gilbert com 10
6,519 Detroit & Clevel NaT com..10
1,920 Detroit Edison com
...100

4,250
1,284

8% Sale

2,631

'

13,768
319

4,191

7%
3

115

•.

m.

—

—

General Parts

Convertible

common.

Hudson

Motor Car

Kermatb Mfg Co
Convertible

50 Kirsch Co

1,315
1,600

110

125

10

1,677

43,208
24,080
4,344
110
5,951

120

Bankers

238
518
'mmmrnm

638

10

1,250

3,595

40

40

679

4,o90
mm mmmm

9

IK

Sale

Motor Products Corp com..
Wheel com

20
11c.

65c

11%
Sale
7% Sale
9%
10%
1% Sale

26

Jan.

4

Jan.

9

Jan.
Feb.

16

% Mar. 17

13

15 %
25c

Sale
39c

IK
IK
2% Sale
50c
3%

65c

8

10

7%
11%

10

14

11c

22c

Sale
Sale

3K

Sale
5% Sale

Mar. 17

6

1% Mar. 4
14% Mar. 12
6

Mar. 17

6% Mar. 31
8% Mar.
2% Mar. 16
3% Mar.
Mar.
98% Mar. 30 113

5
2
1

25

Jan.

25

29

Feb.

29

8

com

4%

8

Mar.

9% Feb.
9
10% Mar. 17
3% Jan.
9

Mar.

1

Jan.

11
18

6% Mar.
2% Mar.
98% Mar.

62c

Jan.

Mar. 23

7% Mar.
3% Mar.

2
5

2% Mar. 23
1% Mar. 24

1

Mar. 19

2
1

15

Mar.
Mar.

3

15% Mar. 28
20c

i%
14
7

14 K

Sale

3

3%

9%
10
11c

Mar. 28

% Mar. 14

Parker Rust Proof

22

Sale

5

5%
3
Sale

3

~

20%

Sale

21%

3

2

20% Feb. 19

Jan.

12

22% Mar. 3
% Mar. 28
1% Mar. 15

15% Mar. 28

24% Jan.

14

20c. Mar. 31

% .Tan.

20

2

10

13% Mar.

Mar. 28

2

1

Mar.

7

7% Mar.

4
15
1
30
4
4

9

2% Mar. 28

Mar.

Mar. 17
Mar.
4

3% Mar. 15
10% Mar. 2

Mar. 15
Mar.
5

14

22

4

4

10

Mar.

1% Mar.
11% Mar.
2% Mar.

16% Mar.

5% Mar. 18
10

Mar. 28

13% Mar.

2

c

23 %
5

Sale
5%
%
2
9% Sale
2%
2%

22

23

11
12

Scotten Dillon

20 %

3%
K

Sale
4%
2

8

Sale

2

% Sale

19

1%

com

*

..*
..IS

com.

Sale

3%

Sale
45%
46
2 %
3.
2% Sale
%
1

17 %
40

4

IS

Second Nat Investors

20

2 y8

% Mar. 14
2

15

Mar. 24

20% Mar. 31
4% Mar. 22

8

...

8%

....*
»

IS

5

Mar. 24

26

5

Mar.

2

Mar. 19

7% Mar. 31
2% Mar. 4
9% Mar. 28
2

Mar

9% Mar. 2
2% Mar. 10
21% Mar. 9
2

Mar.

3

Sale
Sale

3% Mar. 31
17% Mar. 31

4

Mar.

1

*
»

•

3j|

11%

2

2%
5

10

Sale

2

Sale

40

Mar.

5

2%
2%
%
19%
1%

Mar.
Mar.
Mar.
Mar.
Mar.

17
1
17
22
16

2

Sale

18%

Mar. 31

2% Mar. 17
1% Mar. 22
% Mar. 17
17

3 %

1%

11%
5%

....

4

Sale

3%
4
1% Sale
8%

4

7%
10%
18%
...

31
* Sale
16 % Sale

y

Ex-rights.

Feb.

1

4% .Tan.

7

3% Feb. 13
10% Mar. 2
4

Mar.

32
Sale
17 X Sale

26

Sale

11% Sale

7

11%.Tan.

9

Mar. 15

10

Feb.

1

Mar.

1%
12%
2%
18%

Jan. 11
Jan. 20
Mar. 4
Jan. 14

5

11% Mar. 30
2% Mar. 4
14

Mar. 28

2% Mar. 28
9% Jan.
7
13% Mar. 2

5% Mar. 18
11% Feb. 29
19% Jan.
9

15
5

9c. Jan.

5

Mar. 24

Jan.

6% Jan.
6% Jan.

21

20% Mar. 31

9
18

10c. Jan.

Mar.

26

15
5

21
21
2

4% Mar. 22

6% Jan.

16

16

2

Feb.

16

5% Jan.
5
2% Jan.
5
19% Mar. 28

3
23

Jan.
Jan.

14

2

Jan.

12

Feb.

2

Mar. 11

Jan.

12

4% Mar. 18
1% Mar. 1

19

72

2

% Feb. 19

34

54

Mar.

2%
3%
%
19%
1%
6i%
6%

Feb.
8
Jan. 15
Mar. 17
Mar. 22

Feb.

9

2% Feb.
8
2% Mar. 22
30c. Jan.

13% Jan.

6

7

1% Jan.

6

Jan.

8

6% Mar.

8

4% Jan.

23

2

1

1

Feb.

15

Mar.

14

2

Jan.

5

5

13% Jan.
3% Jan.

5

14

7

2

5

8

72

Mar. 16

75

Mar.
2
Feb. 10
Jan. 12
Mar. 21

Mar. 29

4% Mar.

Mar. 16

75

Mar.

3% Mar. 2
% Mar. 24

4

Mar.

4

1% Mar.

3

10% Mar. 21

10% Mar. 21

3%
%
8%
10%

19

Mar. 21

19

19

Mar. 21

19

1

10%
%
1%
%

Jan.
Feb.
Feb.
Feb.

12

% Mar. 16
1% Mar. 4
% Mar. 14

24% Mar. 31
10% Mar. 30

2

18% Mar. 16

5

Mar. 29

3% Mar. 31

9% Mar.

54

Mar. 21

10

% Sale
1%
1%
%
%

com ▼ t c_*

Ex-dividends,

75

Sale

....

*

BANKS.
33,644 Detroit Bankers
.......20
30,032 Guardian Detroit...
20

1% Mar. 15
4% Jan. 12
85c

5% Jan.
19% Jan.

10

3% Sale

11

5% Mar. 19

4

14

1* i&*

1

3% Mar. 31
17% Mar. 31

8

10
Sale

3% Sale

814 Wolverine Portl Cem com..10

x

15%

*

200

o Sold for cash,

2

6%

9

3

4%

100

4,975 Yosemlte Holding

.....

1

Tlmken Axle com.........IS

com

Mar. 31

2% Jan.

4% Jan.

2

1% Mar. 16

com—

Preferred

Mar. 31

% Feb. 24
3% Mar. 31
2% Feb. 24

9c. Jan.

5

3

com.

Class B

Jan.

% Feb.

—

18 %

com—

com

Feb.

6

10K

2

..*

com

Jan.

Mar.

3% Mar. 28
5% Mar. 19

Mar. 28

8

3% Feb.
6
1% Mar. 24
Mar.

3

11% Mar. 30
2% Mar. 4

19

Jan.

2

14

15

55c

14

2

Mar. 23

7% .lan.
3% Feb.

27

Mar. 24

1

14
20

Feb.

16

Mar. 31

Mar. 31

Jan.
Jan.

25% Mar.

27

2

8

4

7

20% Mar. 12

50c

3% Mar. 31
2% Mar. 16

6% Jan.

2

Jan.

9

29

Mar.

3

2% Mar.
1% .Tan.

13

Jan.

Mar. 12

15
62c

% Mar.
4% Jan.
2% Jan.

2% Mar. 23
1% Mar. 24

14

8% Mar.
5
3% Jan. 20
L20
Jan. 20

Jan.

5% Mar. 20
2% Mar. 4

5

7

Jan.

5

9% Jan.
5% Feb.

3

5%

*

Pittsburgh Forglngs

Feb.

14% Feb.

9

"i

4

6% Jan.

10c. Jan.

*

Parke Davis Ac Co




Feb.

1

...

Packard Motor Co

100 Vortex Cup Co common
100
Class A
212 Walker Ac Co units

No par value,

Mar. 26

1

11% Mar. 22

25% Mar.
19% Mar.

14

Sale

49,555 Warner Aircraft Corp com..*

8,584
13,311

12

18

com

Class B

Sale

10 %
3%

8
10%

9

Outboard Motors class A

55c

3%

4%

17,730

2,085

5%
6%
2% Sale
IK
2%
2
2%
IK
2

4

15 Vb

Corp com—*

8,072
Class B
1,531 Universal Product

100

3%
2%
Sale

3%

12

18

999 Universal Cooler class A

100

3
55c

15 %

5

100 Sutherland Paper com
110 Third Nat Investors com

m

20 %
25c

14

Motor

Reo Motor

Sale
Sale

6

'—...*

414 Silent Automatic
413 Square D class A

mmm mmmm

14%
14%

*

common

500 River Raisin Paper

1,133
1,350

3%

15%

315 National Steel Co com....—*

1,075
200

100

280

OH

Miles Detroit Theatre..—.10
Motor

3
5
7
3

14%

*

94,166 Murray Corp common—...,
1,840 National Investors com
1

500

8,703
6,619
1,852

3

*

Mfahon (R C) conv pref..

100 Muller Bakeries class A
685

7
4

10

—

com

McAleer Mfg com

150 Mesta Machine

327
355
6,742
1,328

14%

3
10

200 Michigan Sugar com......10
80
Preferred..
...10

5,270

37,140

Sale
1 %
3%
4%
3%
%

1%

com

preferred

1,215

100

2%

Sale
3%

Prices.

2

4% Jan.

Sale
% Sale

1

....

common

4,886 Kresge (S S) Co

mmmmmm

—

*

195 Kalamazoo Stove com......*

20

2%
9%

22 %

......

mmmm

Sale

19% Sale

*

preferred

2,400

mmwm

6%

9

9

978 Hoover Steel Ball com
10
1,516 Houdallle-Hershey class A..*
37,326
Class B
*

100

6% Sale
3

98 %

Mar.
Mar.
Mar.
Mar.

4%

6

Highest.

Prices.

1

584

495

6%
Sale
3

1%

16,708 Graham-Paige Motor com..*
2,984 Grand Rap Metal Craft—..*
6,629 liall Lamp com

1,825

10
3%

Sale

10%
11%
12%
13%

•

General Motors com.......10

4,871
1,050
2,541

170
50

—

Nat Investors com_.l

835

12,780

10% Mar. 17

Class B—

50 Gemmer Mfg Co class A
100 Gen Fdy Ac Machine units

50
625

Sale

Mar. 30

Mar. 28

5%

Ford Motor of Canada cl A..*

835

14,116
4,251

10

ii*

Sale

1

9

147,637
3,561

750

2%
.....

Federal Mogul common....

114

*

2%

113

1% Mar. 4
% Mar. 17

10

Ex-Cello Aircraft A Tool..

563 Fourth

«.

61,716

Sale

3
1

55

Sale

1

Lowest.

Sale Prices
2
Mar. 19

5% Jan.

8% Mar. 30
8% Mar. 23

Sale

8

*

10,949

55

220

Ya Mar. 17

11

768 Federal Motor Truck com..
121 Federal Screw Works com—*

178
100

4

10

520 Detroit Steel Prod com
..*
210 Dolphin Paint & Var cl B—*
1,026 Eaton Manufac'g Co com—*

323

5,842

Detroit Motor Bus..

Mar.

9

10 Detroit Gray Iron Fdy com.*

210

Mar. 19

1

i%
7%

8,414 Bower Roller Bearing-...—*
31,400 Briggs Mfg Co common
*
5,578 Burroughs Adding Mach
*
51,581 Chrysler Corp common—*

1,392

Highest.

Sale Prices.
2

1,882
13,797
2,011
12,113
-

Lowest.

March 31.

Par.

565 Alloy Steel clan A.........*
860
Class B
♦

100

RANGE SINCE JAN. 1.

Price

STOCK EXCHANGE

In

1931.

Shares 257,631

% Mar.
1% Mar.

1
4

Mar.

5

Mar. 12
Mar.

1

25
9
8
24

24% Mar. 31
10% Mar. 30

4

Jan.

Mar.
Mar.

11
25
5

15

8
8

Mar.
1
Jan.
5
Mar. 29

Jan. 14
Mar.
8

Jan.

2

1% Jan.

7
18

10

Jan.

10% Mar. 21
Mar. 21
Jan. 13

1% Mar.
1
1% Jan. 22
1% Jan.
9

37% Jan.
19% Jan.

15
14

Los

Angeles Stock Exch.
MONTHLY AND YEARLY RECORD

RANGE OF PRICES ON THE LOS ANGELES STOCK EXCHANGE
Stock Sales,
March.

.

_

...._

1932.

i

_

_

_

_

Shares

Jan. 1 to March 31__

AGGREGATE SALES.
In
March.

$

10,000

1,000

1,000

Shares.
200
100

BONDS

1932.

4^s

Ask.

Bid.
101

102

91

94

2li
1,500
850

1,500

103

RANGE SINCE JAN. 1.

77
59

75

57

56

75

67

Highest.

Lowest.

Sale Prices.

Sale Prices.

96

96

100

102

10134 Jan.

68

78

10334 104
10434 10534
99 J4 100
98 34
9834

97

9834

94

96

95

96

96

89

87

87 H

89

Mar. 11

92

t

1961

7734

78

1968

78

80

73
75
7334
76
9634
9734
9534
9634
9634
9734
9534
963|
102
9934 10034 101
8034
82
8234
84
84
8134
8334 83

1945

71

75

76

1951

97

98

1952

97

98

98

99

78

7634

Jan.

7

7934 Jan.

7

Jan.

26

60

Jan.

26

Jan.

15

75

Jan.

15

Feb.

11 102

Feb.

11

102

9834 Mar.

2 10034 Mar. 10

Mar.
96

Mar. 18

8834 Jan.

86

80

8534 Mar. 15

Mar. 24

Mar. 24

Jan.

86

Jan.

75

Jan.

7034
9834
9734
9934
8534

7

5
8
15
22
15
14

24

334 Mar.

2

5

Mar.

7

5

Alar.

334 Feb.
454 Feb.

Jan.

3

2

Mar. 24

3

Mar.

2

Mar.

Jan.

21

2

53

Mar.

Jan.

7

134 Alar. 11
573-a Mar. 28

2

Mar.

61

Alar.

16

Jan.
Feb.
Jan.
Jan.

Alar.

53

_____

Mar.

16
Mar.
1034 Alar.

2
17

Alar. 29
734 Alar. 31

52

334 Mar.

5034
134
5134
934
9

9
14

52

Jan.

4

Mar.

Mar.

9

Feb.

Feb.

8

934 Jan.

Feb.

1

J an.

Feb.

Feb.

Jan.

18
9

Jan.

Jan.

834 Feb.
634 Jan.

Feb.

19

Feb.

17

734 Mar.

Alar.

3

Mar.

3

250

Mar.

225
14

400

900 Golden State Co Ltd
25
166 Goodyear Tire & Rub pfd.100
25 Goodyear Textile pref
100
5,800 Hancock Oil Co A
25
722 Hal Roach Studios 8% pfd.25

Mar.

200 Globe Grain Mill

Mar. 29

734 Mar.
5734 Alar.

5M Alar. 29

634 Alar.

56

25

Feb.

Mar.

734 Mar. 21

Jan.
Jan.

3

11

Mar.
3
Mar. 21

Feb.

14
Alar.

Feb. 27

1034 Mar.

1334 Mar.
5434 Mar.
1034 Alar.

250

66

7

75

85

86

78

235 Farmers & Merch Nat Bk 100
200 Gilmore Oil Co Ltd...
*

"2",400

Feb.
Feb.
Feb.
Jan.
Jan.

2 10034 Mar. 10
7
96
Jan.
7

Feb.
Jan.
Jan.
Jan.
Mar.
Mar.

10

,

Jan.

8834 Jan.

7034
9434
9434
9934
7834

4,300 Douglas Aircraft Inc
*
1,100 Emsco Derr & Equip Co...I.*

500

Prices.

5
14 10234 Jan.
96
Mar. 11

11

75

42

'

Feb.

Highest.
Sale

Z8H
60

90

68

Mar. 11

98

87

1939

Lowest.
Sale Prices.

104

93

74

65

300 Commercial Discount

'"500

103
93

59

1942

1.400 Byron Jackson........
2,050 California Bank
25
400 Calif Packing Corp..
25
1,386 Central Investment Corp. 100
16,200 Chrysler Corp
;
_»
2,550 Citizens Nat Bank
"20
3,500 Claude Neon Elec Prod Ltd.*

500

92*

73

6,300 Bolsa Chica Oil Corp A
10
345 Broadway Dept Store pfdllOO

1,300

102

Ask.

55

75

Shares.
STOCKS
Par.
,>00 Associated Gas & Electric...
300 Barnsdall Oil Corp A
25

10

IN MARCH.

March 31.

Ask. Bid.

71

..1957

Pacific Electric 5s

March 1.

Bid.

95
77
59

5s
8,000
General 5s
3,000
11,000 Co Calif Gas 43£s
2,000 So Counties Gas 4^8
2,000 Union Oil of Calif 5s

1,900

Jan. 1 to March 31_.

PRICES

1931.

$155,500
232,500

$24,000
89,000

Price

14,000 So Calif Edison 5s

8,000
1,000

1932.

March

Jan. 2

$
10,000 L A Gas & Electric 6s
1942
5s
11,000
1961
5,000 L A Railway 1st mtge 5s__1938
1st ref 5s
1,000
1940
2,000 Nevada-Calif Elec 5s
1956
4,000 Pacific Gas & Electric 6s. 1941
5s
1942
13,000
5s
1,000
1955

5,o66

525,718
1,834,328

LOS ANGELES
STOCK EXCHANGE

Since
Jan. 1.

Bond -Sales.

>1931.

237,634
858,798

50

Mar.

Mar.

66

Feb.

2

Jan.

8

18
15
Jan. 26
Mar. 22

534 Mar.
334 Jan.

Jan.

"i'loo

10,500 Internat Re-insur Corp

10

20

Alar. "9

Alar.

1,220
5,500

2,817 L A Gas & Elec 6% pref
10,000 L A Investment Co
1,000 MacMillan Pete Co

100

95

Alar.

10

5

Alar. 14
Mar. 31

Alar.

5

Mar.

Feb.

1

34
134
234
34

Mar. 2
Mar. 18
Mar. 26
Alar. 14

Mar.

34
134
234
34

Jan.
Mar.
Mar.
Mar.

Jan.

4

Alar. 14

400

200

1,300
200
199

100
400

6,100
1,900
100

1,400
300
400

1,200

200 Monolith Portl Cem

1,300

100
400

400

50

8,000
100

"6,165
700
300

6,400
117
10

90

80
212

5,850
400

1,900

17,700

Preferred

10

3,100 Pac Amer Fire Ins Co
500 Pacific Clay Prod
16,500 Pac Finance Corp com
2,700
Preferred series C
1,800
Series A
5,060 Pac Gas & Elec com

10

3,266 Pac Lighting Corp

1,100 Pac Public Service
1,900
Preferred new

56 Pacific Tel

400

60,700
17,200
5

13,400
100
200
400

85
15

10

com new

*

Preferred

534 Alar. 17
634 Mar. 28
734 Mar. 16
1
9?4 Alar.
3154 Alar. 31
2234 Mar. 4
9
2434 Alar.
3734 Alar. 31
Mar.
Alar.
Mar.
Alar.
9634 Mar.

15,506 Rio Grande

Oil Co

*

4

234 Alar.

948 Seaboard National Bank
522 Seaboard Nat Sec Corp

Mar.

4

15

Mar.

Jan.

16

Mar.

534 Mar.
634 Mar.
634 Jan.
834 Feb.
3134 Mar.
2234 Mar.
2434 Feb.
3634 Feb.
9334 Jan.
3234 Jan.
34 Jan.
234 Jan.
1134 Jan.
9634 Mar.

Feb.

15

Jan.

27

734 Alar.
8

Alar.

934 Mar.
36 34 Mar.
2234 Mar.
25

Mar.

4634

Mar.
Mar.

Mar.

454 Alar.

134
34
34
234

Mar.

4

106 34 Alar.
Alar.

25

Mar.
Mar.

§?*

18

Jan.

11

Feb.

17
14

Jan.

Mar. 10
Jan.

Mapr.

11

1

Mar, 28
Alar.21
Jan.

14

Mar. 24
Jan.
Feb.

14
4

Jan.

14

Mar.

7

Jan.

Mar. 21

Mar.

Jan.

19

Feb.

Feb.

1

Mar.

Mar. 17

Feb.

Mar. 14

Mar.

38

25

Alar.

26,100 Security First Nat Bank...25
3,106 Shell Union Corp com
*

3634 Mar.

30

Feb.

Jan.

4

Alar.

65

Mar.

Mar.

Jan.
Jan.

5

"_25

4

Mar.

57
3
3

Mar.

Mar.

28*
40

Mar.

._

3,100 -Signal Oil-Gas A
42,906 So Calif Edison Ltd

com

Original preferred

7% preferred
6% preferred
16,606
534% preferred
1,600 So Calif Gas 6%

Alar.

25

534 Alar.
3254 Mar.

Alar.

43

..25

Alar.

25

2734 Mar.

Mar.

25

25

Mar.

25

2254 Mar.

Mar.

25

A

172 So Counties Gas 6%
loo
15,785 Southern Pacific Co......100
155,000 Standard Oil of Calif
*
com

1,400 Taylor Milling Corp

86 Title Insur

& Trust Co

263,306 Transamerica Corp
44,500 Union Oil Associates

9034 Alar.
3954 Mar.
243! Mar.

Mar.

88

2834 Mar.
27

Mar.

Mar.

4734 Mar.

Alar.

25

Mar.

534 Mar.
1134 Mar.

Mar.

10

325

Mar.

Alar.

11

5

Mar.

7

Mar.

Mar.

534 Mar.
7

Mar.

Mar.

Jan.
Mar.

Jan.

15
Mar. 7
Jan. 14

Mar.

Mar.

Feb.
Feb.
Feb.

Jan.

■|g
5

19

Feb.
Jan.

17

Feb.

27
18

Feb.
Jan.

4734 Mar.
234 Jan.
934 Feb.
325

4

Feb.

Feb.
Feb.

1334 Alar.

Mar.

Mar. 7
Mar. 2
Feb. 18
Jan.
4

1934 Mar.
2234 Jan.

634 Alar.

Mar.

*

25
200 Van DeKamp's Bakeries
25
200 Weber Showcase & Fix pfd._*




Alar.

95"

Mar.

*

49,900 Union Oil of Calif

Express

24

2634
2334
2034
2334

25

337 Union Bank & Trust Co..100

1,106 Western Air

Mar.

6
13

Jan.

7

Feb.
Jan.

17
15

Jan.
Feb.

Jan.

4

Jan.

1

Jan.

Mar. 21
Mar. 2
Mar. 4

Mar.

Jan.

„

Alar.17

JA Jan.

92

11

Feb.

Mar.

102

94

Mar.

16

Feb.

34 Jan.
34 Jan.
34 Jan.
2

6

Feb.

Jan.

11

Alar.
Alar.
Alar.
Mar.

Mar.

25

Mar.

Alar.

11

1

Mar. 18

Jan.

9634 Mar.

Alar. 23

14

Mar.

Alar.

1
134 Alar.
54 Mar. 26

Jan.

85

234 Alar.

Mar.

Jan.

9334 Jan.

Mar.
Alar.

13

Alar.

11

356 S Joaq Lt & Pw 7% pr pfd.100
92
6% prior preferred
100
90 .Seaboard Dairy Cred pref. 100

Mar.

39

3634
,34
234
1234

*

Mar.

Alar. 29
Alar. .28

*

10

& Tel common.100

206 Superior Oil
20

*

com

42,300 Pac Western Oil Corp
*
I60 Petrolite Corp
*
600 Pickwick Corp com
1.10
15,900 Republic Pete Co Ltd__I_Il0
1,900 Richfield Oil Co com
*

300

""500

25
...25

700 Pacific National Co

641

35,300

25

6% preferred

8,900
25,600

6.400

10

4,450 Pac Mutual Life Ins

10

""§2

10

new.

300 Pac Gas & El 533% pref
2,506
l8t pref 6%

3,400
8,400
6,500
100

*

200 Moreland Motors pref
10
524 Mortgage Guarantee Co..100

55

"2",000

~25

com..

8

!

•;

Exch.

San Francisco Stock

RECORD I

MONTHLY AND YEARLY

RANGE OF PRICES ON

THE SAN FRANCISCO

STOCK EXCHANGE

476,694
2,063,689

,_Shares

March__

Jan. 1 to March 31

BONDS

Jan.

13,000
70,000
8,000
7,000
18,500
77,000
2,000

3,000

100

1937

._

Calif Packing Corp 5s

Coast Co G & E Co 5s_

6", 000
4,000
4,000

"i~,666

5**s
-

5*6s

17,000
8,000

6,000

23,000
27,000
4,000
52,000
2,000
2,000
1,000

14,000
1,000

6,500

"99*6 Sale"

39

45

43

50

Union Oil Co of

1,300

167

800

1,425
3,581

5,168
8,067

72
27

•2,950
100
30

4,301
15

23,016

""~2i4
1,520
35

3,891
1,949
230

1,500
100
8

828
45

9,319

63

68

*6
1*6
18*6
100

*6
1*6
22
105

__

397 Emporium Capwell cap

4,925 Fageol Motors com
10
12,610
Preferred
10
125 Fireman's Fund Indem cap 10

11*6 Sale
14
15
95*6 Sale

3,530 Fireman's Fund Insur cap 25
545 First Nat Corp of Portland A *
15,675 Food Machinery com
*
l0
Preferred series A
100
200 Foster & Kleiser com.
10
Galland Mercantile Laundry

19

85

1*6

*6
2*6

375

25

Ltd capital

1*6
30

9
*6
2
5*6 Sale

3

of

Calif

20

capital-.... 10

4,064 Honolulu Oil Corp Ltd cap.*
35 Honolulu Plantation cap'1.50

*6

*1

*6

•

3

2

17

20

16

89

90

10

Sale

—-

61

11*6 Sale
14
15*6
95

92

17*6
230
250
1*6 Sale
13*6 Sale
13
13*6
17

11*6

9*6

6

4

%
%

%
%
25*6
48

20

45*6

33

8*6

9*6

8*6
-----

1

I

32
3

*6
7

85
2*6

40
8*6
2
Sale

9

33*6
7

21*6

24*6

10

11
40

38

22*6

*6
2*6

Sale
8*6

25

Sale

65

8*6 Sale
14*6
15*6

6
19

Mar. 10

65

Mar. 10

18
27
24
22

Jan.

87*6 Feb.

Mar. 26

Mar. 10

70

5

19
21

Seller

97

Seller

5

*6 Mar.

Mar. 22

2

Mar.

8

10*6 Mar.

4

8

90

856 Mar. 31
Mar.
3

63

8*6 Mar. 28

12*6 Mar.

Mar.

61

Mar. 14

4

Mar. 29
Mar.

17*6 Mar.

250

230

Mar.

4

94*6 Mar.

16

9*6
11
4*6 Sale
*6
*6
*6

—--

22

42*6 Sale

-----

1

31*6
3

*6
6*6

12

7*6

8*6
1*6
7*6

.....

6*6
21

38

30

7*6
25

Sale

4*6
4*6

6*6

5*6

4*6

150

828 Investors Assn The capital.*

1*6

3

2

336

5

9

11

3

Feb.

1

65
Mar. 11
9*6 Jan. 28

1256 Mar. 11
Mar.
5

*6
Jan.
5
3
Jan.
5
19
Jan. 19
Feb.
9 101

8*6 Jan.

4

Jan.

20

Jan.
Jan.

7
5

11*6 Feb.

13
13
18
6
16

Feb. 29

65

8*6 Mar. 28

15

26
Mar. 29

15

Jan.
Jan.
Jan.

96

Jan.

61

Jan.

91

16

Jan.

5

15

Jan.

16

9*6 Jan.

26

Feb.

11

Mar.

9

4*6 Mar.
*6 Mar.
*6 Mar.

4

14

Mar.

20

Mar.

*6 Feb, 11
H Mar. 29
17
Jan.
8

Mar.

48*6 Mar.

42*6 Mar.

40

Mar.
Mar.

8

Mar.

12

5*6 Mar.

9

8

16*6 Jan.

Jan.

14

4*6 Mar.
*6 Mar.
*6 Mar.
20

6

9

Mar.

1*6 Mar.

Mar.

13

19

Mar.

230

1*6 Mar.
13

17*6 Feb.
4
Jan.
Mar. 30 245
2*6 Jan.
1*6 Mar. 24
Jan.

Jan.

4

Mar. 24

5*6 Mar. 15
85

Jan.

26

1*6 Feb. 11

10*6 Feb.
4*6 Mar.
*6 Jan.
*6 Jan.
20*6 Jan.
48*6 Mar.
15*6 Jan.
11
Feb.

15
15

13
31
18
4

15
9
6

18

Jan.

85

1*6

26

Feb'.

11

Feb. 23
Feb. 15

35

6*6 Mar. 28

8*6 Mar.

7

29
3
Feb. 15
56 Feb.
5
5*6 Jan.
2

*6 Mar. 7
1*6 Mar. 11

*6 Mar. 7
1*6 Mar. 11

*6 Feb. 15
1*6 Mar. 11

5

Jan.

8

Mar. 14

36

Jan.

15

9*6 Jan.

21

32

L3

Mar. 30

Mar.

3

32*6 Mar. 30
3
Mar.
3

Mar. 14

33*6 Mar.

1

7*6 Mar. 24

8*6 Mar.

7

Mar.

8

31

Mar.

8

8*6 Mar.

3

21

21

9*6 Mar

.

8

28

31

Jan.

7*6 Feb. 17

4*6 Mar. 28
4*6 Mar. 15
2

Mar.

4

5

Mar.

4

4*6 Mar. 15
2*6 Mar. 28

3

16

*6 Feb.

15

21

8*6 Mar. 31
Jan. 20
3
Jan. 14
4*6 Mar. 15

38
5

13

3

Mar.

1*6 Jan.

5

% Feb.
8*6 Feb.

8

21
38

37
4

Mar.

13
230

82*6
3*6
33

Jan.

Jan. 25
3*6 Feb. 16
3
2*6 Mar.

9

14

91

1*6 Sale
13*6 Sale
13*6
13*6

3

162

8

*6
1*6
18*6
88

5

2*6 Feb.

Mar. 11

65

7
*6 Mar. 29
2
Mar. 22
Mar,

16

8

11

114

Jan.
Mar.
Feb.
Jan.
1*6 Jan.

8*6 Mar. 3
1256 Mar. 11

3

Mar. 31

91

6*6

21

Jan.
Jan.

280

Jan.

1*6
1*6
142*6
2*6

2*6 Mar.

14*6

20

16*6 Jan.

Jan.

101

Mar.

3

90

8*6

9

Mar.

8

90

90

*6
1*6 Sale

*6

36

9

50

4
5




4

13

12*6 Jan.

15*6 Mar. 17

7

19

2*6
4*6

value.

Feb.

Feb.

45*6 Feb.
3 100*6 Jan.

102*6 Feb. 13 104*6 Jan.
92** Jan.
92
Jan. 11

2*6 Mar. 10
1 *6 Mar. 24

11

1,299 Hunt Bros Pack Co cl A
__*
60 Hutchinson Sug Plant cap. 15

No par

80

63

7

62

Mar. 10

7

1

2

280

46

25

*

Jan.

4

Mar.

99*6 Jan. 11
96*6 Feb. 13
99*6 Mar. 11

10
Mar. 21
99*6 Feb. 10 102
9936 Jan. 23
97
Feb. 15

Mar.
Mar. 18 114
Mar,
4
2*6 Mar.
Mar.
7
2*6 Mar.
Mar.
150 " Mar.
2 150

56

3

'"560

Mar.

103

86

113

8*6

2

5

Ltd—

Common capital
Co

70

Mar.

Sale

11

48*6

25

2,035 Haiku Pineapple Ltd com..20
238
Preferred..
1
25
Hawaiian Commercial&Sugar

9.832 Golden State Ltd cap

22

"7"" *10*6

27*6

;

156
10
10

42*6 Sale

*
*
*
*

capital

B

8

14

Home Fire & Marine Insur

635

14

65

300

60

65

10*6
4*6
%
2

*

472 General Paint A

375

99*6 Jan.

Feb.
Feb.
Jan.
Feb.
Jan.

Jan. 19 100*6 Mar.
101*6 Feb.
2 103*6 Jan.
98*6 Feb. 19 101*6 Mar.
Mar.
94*6 Jan.
7 98

5
Mar. 21

13*6 Mar.

Sale

277

10

8*6 Sale
—

13

Hawaiian Pineapple

25

100

Mar. 21 102

65

70*6

112
114
114
2
Sale
1*6
1*6
2
3*6
146*6 151
150
2*6
2*6
Sale
1%
1*6
Sale

60

9*6
3*6
%
%

650

Jan.

25

87*6 Mar.

Mar. 26

86
102

15

14*6
325

10

12

9

13*6

2,662

25

52

79

1

105

8*6

Inc class A partic pref
*
CrockerFlrstNatBkSFcaplOO 250
1*6
17,161 Crown Zeller com vot tr ctfs *
8*6
3,509
Preference series A
*
8*6
606
Preference series B
*

569

15

96*6 Jan.

_

58

200

Jan.

Feb.

97

6,343

common

50

72

Jan.

98*6 Feb.

Sale

68

68

103

26,582 California Packing cap
*
115 Calif Water Service pref__100
109,981 Caterpillar Tractor cap
*
1,415 Clorox Chemical A
*
4l4 Coast Cos Gas & EI 1st pf 100
Consol Chemical
Industries

951

23

86 *6
101

86*6

60 *6

20
20
27 Calaveras Cement Co pf_100
4,450 California Copper cap
;__10
360 Calif Cotton Mills cap
100
295 California Ink Inc A
*
648 Calif-Ore Power 7% pref.100

100

35

Mar. 10

1013-6 Mar. 24 101*6 Mar. 24
Mar. 22
97*6 Mar. 11 98

100

Preferred

430

3,397

Mar.

40

99

915 Calamba Sugar Estate com

425

Mar." 11

79

Calif 6s..1942

910 El Dorado Oil Works cap

287

99*6

1

Mar.

104 %

Sale

87

8

17

98*6
100*6
99*6
96*6
98?6

4

65
Mar. 10
65
Mar. 10
100*6 Mar. 18 100*6 Mar. 18

65

97

95 *6

Jan.

93*6 Feb.

40*6 Jan.

99

102

101

Mar.

38*6 Mar. 31

Sale

65

99

13
13*6
13*6
10
280
325
100 280
102*6
Anglo & Lon Paris N B S F 100 103*6 115
1*6
1*6
1*6
Assoc Ins Fund Inc com caplO
2*6
2*6
1*6
Atlas Imperial Diesel Eng A *
147*6
150
Bank of Calif Nat Assn caplOO 145
2*|
2*6 Sale
Bond & Share Ltd cap
*
1*6
1*6
1*6
Byron Jackson com cap
*

394

4 103

1957

5s

9,195

250

38 *6

100

100*6 Mar. 22
101*6 Mar.
7
98*6 Jan.
8

94

47

40

40

195 Anglo-Calif Trust cap

250

Mar.

79

61

36

21

Jan.

7

Mar. 18

40

6

41*6 Jan.

48% Mar. 15
95% Mar. 4

2

4

103

Sale

79

Par.

5,320

64

56

40*6 Sale

Jan.
Mar.
Feb.
Jan.

52

Mar.

45

~99*6 Mar.11

Ry Equip & Rlty Co 6s
1938
S J Lt & Power Corp 6s..1952

310

35%
99*6
99*6
96*6

Prices.
Mar.

Feb. 27 101

100

93*6 Feb. 17

46

103

14.113 Alaska Juneau G M cap

""""80

Prices.

Mar. 12
99*6 Mar.
1 100*6 Mar. 22
1013-2 Mar. 7 101*6 Mar. 7
96*6 Mar.
2 96Vs Mar. 2
64*6 Mar. 29 67*6 Mar. 7

95 *6 Mar.

44 *6

46

101

1936
5s___1937
.1952

STOCKS
4,013

40

Sale

Sale Prices

Mar.
7
Mar. 18

1 101

100*6 Mar.

95

Pacific Pub Serv Co 5s
5s.

"60" "64""

Sale

Sale

Prices.

Highest.

Lowest.

Highest.

94*6

1955

Pacific Tel & Tel Co

-----

66 *6

64

-

99M

91*6

1942
1940
1960

1952

-

-

5s

Shares.

Shares.

RANGE SINCE JAN. 1.

39

45

100

1947
1943
1949

5*6s_...
5*6s

-----

38

4,000 Mercantile Am Rlty Co 5s 1951
1945
20,000 Miller & Lux Inc 6s
78
1935
63,000
5,000 Nor Calif Pow con 5s____1948
Orpheum Theatre & Rlty Co
6%
1946
4,000
8,000 Pacific Gas & El Co 5s...1942
6s
1941
5,000

2,000

101*6

101

Sale

Ask.

Bid

100

5%

2,000
1,000
6,000

4",000

Ask.

Bid.

1935
Atlas Diesel Eng Co 6%__1935
Calif Gas & Elec Corp 5s. 1933

147.000 Emporium Capwell 5J6S..1942
5,000 Great Western Power 5s. 1946
2,000 Ins Exch Bldg Co 6s. ..1931-44
10,000 L A Gas & Elec Corp 5s__1939
6s
1942
30,000

54,000
1,000

Ask.

Associated Oil Co 6%

Calif Ore Power Co 6s_.

650,500

-

Lowest.

{March 31.

March 1.

1932.
Bid.

$
7,000
51,000
3,000
1,000
2,000
20,000

Jan. 1 to March 31

Jan. 2

Since
1.

In

$191,000
660,500

$190,500

March

Price

STOCK
March.

Bond Sales.

PRICES IN MARCH.

FRANCISCO
EXCHANGE

SAN

AGGREGATE SALES,

1931.

1932.

'

1931.
1,085,627
3,491,099

1932.

Stock Sales.

Mar.

8

10*6 Jan.

5

Jan.
Feb.

20
18

456 Jan.

23

Feb.

25

67

SAN FRANCISCO STOCK EXCHANGE
AGGREGATE SALES.
In

March.

Jan. 1.

Shares.

SAN FRANCISCO
STOCK EXCHANGE

Shares.

PRICES

892

Jan. 2

STOCKS

March 1.

1932.
Par.

Bid.

2,249 Langandorf United Bak cl A *

7%

40 Leighton Industries cl B vtc *

~

4,120 Leslie-Calif Salt Co capital.*

6

168

723 L A Gas & Elec Corp pref__100
1,460 Lyons-Magnus Inc A
*

Ask.

Bid.

96,225 Magnavox Co Ltd capital

*

215

215 Magnln & Co (I) common
130
Preferred

*

10
584

2,217 Marchant Cal

Mach Co

100

com

10

25 Market St Ry Co 2d pref__100
36
15
::

30

46

3,160

Mercantile Amer Realty Co
36
Preferred 6% cumul
100
160 North Amer Inv Corp com. 100
70
6% preferred
100
51
5%% preferred
100

9,940 North Amer

6%

2% Sale
% Sale
—7%
63%
90
1 %
2%
6%
75
3

5

5
19

""210

2,176 Oliver United Filters Inc A__*
1,580

6%
1%

20,742
11,538
4,171
8,057
1,340
9,900
10,559
1,937

67,903 Pacific Gas & Elec Co com.25
47,598
6% 1st preferred
25
5 %% 1st preferred
13,692
25
21,495 Pacific Lighting Corp com..*
$6 dividend pref
2,838
*
16,318 Pac Pub Serv com non-vot--*
First preferred
22,485
*
5,793 Pac Tel & Tel Co common. 100

33 %

1,639

930

175

VA
10%

98%

series

2

100
.

260

5,145

21,178

410

510

Series A preferred

Preferred

H
11%

Sale

151

11,194
2,387
1,693
100

29,389

Shell Union Oil Corp com..*
cum conv

100 Teleph Investm't Corp cap.20
130 Thomas Allec Corp class A__*

7,781 Tide Water Assoc Oil Co com *
Preferred
100
1,056
1,165,818 Transamerica Corp capital
*
110 Traung Label & Litho cl A__*

I

17,911 Union
34,252 Union

Oil Associates cap'l.25
Oil Co of Calif cap*1.25

700 Union Sugar Co common..25

100

20 Weill & Co (Raphael)

20

Sale
12%
8
Sale

35

Sale

24%
22%

Sa'e

38%
93%

12

a

94

96%

Sale

103% Sale
Sale

20

"2%
10%

10

~6% "7"

i:

%

%
%
6%

91
1

105
Sale

2%

104

""§
17

11

40
...

9%

~

27

9%
7%
6

Sale

19

47%
79%
Sale
27%
10%
10
8

45

common

10

.-

•a,"

(Consolidated) cl A

value




ser

1.50

2% Mar. 28
% Alar. 24

6%

6

65

1%

Mar. 14

6

62% Alar. 28
1% Mar.
4

55

60

3

4

15

3%
10

5%
1%

32%

Mar. 17

6%
93%
2%
%
6

Mar.

7

58

Mar. 30
Alar. 23
Mar. 17

12

Alar. 26
Mar. 14

12

13% Alar. 17
3%
11

3
12

Sale
Sale

Sale

.86

"2% Mar.""I
31% Alar.
24% Alar.
22% Alar.
37% Alar.

89%
2% Sale
12% Sale

92

94

94

Sale

Jan.

8

1% Jan.

28

2% Mar.

4

Mar.

25%

5
Alar. 12

22% Mar. 11
9
41% Mar.
2
93% Mar.

Alar.

2% Mar.

3%
%
14%

12% Mar.

Alar.

3

Alar.

3
5

Alar. 10

WJJ

"47"

21%

Alar. 29

5% Mar. 21

6

Mar. 11

6

Mar. 28

7

Alar. 28

&% Feb. 11
% Jan. 29
% Jan. 21
3% Jan.
6

Sale
Sale

50

51

96

Alar.

% Alar.

4%
2%
22

4%

52

6%
2%
Sale

Sale

m
40

4%
2%
23%
4

Sale
Sale

Sale

6
11
19
4

11

3

Mar.

4

Mar.

3

Jan.

2

4

23% Mar.

30

Mar.

21

Jan.

13

30

47

Alar.

51

Alar.

41

Feb.

10

51

10

76

10% Alas.

76
9

Feb.

Alar. 28

Mar. 28

19% Mar. 31

Mar.

10

Jan.

5

5
8% Feb.
6% Mar. 16

6% Mar.
27

Alar.

10%
37%
11%
10%
7

Jan.
Jan.

18
3
7
Mar. 16
Feb. 10
Feb.

Mar.

Mar.

Mar.
Jan.

Mar. 21
7

Jan.

22%

2% Alar. 22
20% Alar.
1
3% Alar. 3

27% Mar. 15

Alar.

5% Alar.

7

2

Feb.

6

27% Feb.

Jan.

2

50

4% Feb.
5
2% Mar. 22
20

Feb.

4

2% Jan.

2

7
21

Mar. 22

50

3

4
14
18
23
26
29

Jan.

9

8% Alar. 30
6% Mar. 16
24% Mar. 28

4
18
14
14
18
18
3
3
5
4
8
21
6

Jan.

Jan.

Jan.

13

Sale

15

Jan.
Jan.
Jan.
Feb.
Feb.
5% Jan.

10

48

6
Sale
Sale

29

11%
6%
9%
%
%

Mar.

11% Alar.
10% Alar.

24%

Mar. 11

10

Alar. 30

Jan.

Jan.

Mar.

29

10%

Jan.

Mar.

10

9

Feb.

16

50

40

10

Feb.

101% Mar, 31 107
5
96
89% Jan.
1
% Mar, 16

106% Mar.

10

7

28

Mar. 11

101% Alar.
Sale
91% Alar.
1%
% Alar.

8

;2% Mar.

25% Jan.
5% Mar.
1% Jan.

6

Sale

Feb. 16
5% Feb. 23
12% Feb.
4
15

104

7

9
8
7

7
13

Feb.

112

Feb.

102% Feb.
15% Mar.
5% Mar.
Jan.

% Mar.
% Alar.
5% Mar.

Mar.

3% Mar.
14% Mar.

6

% Alar.
8
% Alar.
7
0% Alar. 29

5

13
6

30

15% Mar. 23

95

10

%
%
5%

59

Jan.

Jan.

24% Jan.
41% Feb.

Feb.

Jan.

19% Alar. 31

10

93

Jan.

Jan.

63%
1%

an

10% Jan.

10

10

Sale

2

1

Mar.
Feb.
Feb.
Feb.
Feb.

11% Alar. 12

10%

6

31%
24%
22%
36%
91%

1

10% Alar. 10

26%

9

Mar. 26
Feb.

Mar.

.....

13% Mar. 17
3

110

101%

1

10

104

6%
%
%
5%

Feb.

2

Alar.

12

Mar. 17

3% Feb. 16

Mar. 14

Alar.

104% Sale
103% Alar.
15% /Sale
15% Alar.
5
5%
5% Mar.
1%
2%

10%

9
2

2

Mar. 31

14
3% Mar. 26
1% Feb. 18
Mar. 14
6

30

6

'

6%

2%

9

100

Mar. 14

Jan.

Prices.

9% Mar. 10
Jan.

Jan.
Jan.
Jan.
Jan.

1% Mar.

3%
15%
13%
4%

Alar. 23

25

Jan.

61% Jan.

59

3% Mar. 30
15

Ifd Sale
38

58

8%
8%
19% Sale

40

6%

Mar. 14

62% Alar. 28
1% Alar. 2

Mar. 31

9

97% Mar.
7
3% Mar. 26
1% Mar.
7

72

Sale

16

1
Mar. 30

10%

50

1%

8% Mar.
95

SO

18

Jan.

5
4% Feb.
3% Jan. 14
27% Mar. 15

11

Sale

6

Feb.

17

12

Sale

1%

4

Sale

2%
17

185

1%
IS

9%

4

190

2

19%

Alar. 15

15

Mar. 12

13

Mar. 15

15

10%
11%
1%

Sale
12%
1%

10% Alar. 31
11% Alar. 29

12

Mar.

8

10

Feb.

5

12% Jan.

15

13% Alar.

8

11

Feb.

10

14

Jan.

15

1% Jan.

12

2

Feb.

1

98

14%

Yellow & Checker Cab Co—

755

95

9%
25%
9%

24%

180

7% Jan.
1

4%

1%

9% Alar. 10

74

102

17.523

Sale

24

25

Sale

665 West Amer Finance Co pref 10
Western Pipe & Steel of Calif

8% Mar. 22

Highest.
Sale

Sale Prices:

Prices

1

3

3%

24%

4%
9
2% Sale
24%
25%
2% Sale
14
17%
10%
11%
12% Sale
1
1%

Sale

93% Sale
%
1%

20

pf.100

10

Sale

%
4%
60

Lowest.

Highest.

Sale Price.

46

46

103

350

,\c

39%

13%

4

543 WeilsFargoBk & UnTr cap 100

4,093

9*
94%

-----

220

*•

Sale

Sale

4%
2%

"5% "id"

100

pref
100
426 Sherman Clay & Co pr pref 100
76 Sierra-Pac Elec Co pref
100
1,326 Socony-Vacuum Corp cap'l 25
45,356 Sou Pacific Co com (cap'l).100
4,400 Sou Pac Golden Gate cl A__*
Class B
*
1,793
1,330 Spring Valley Co Ltd capital *
110,229 Stand Oil Co of Calif capital *

525

4

4%
11%
6%
2%

3

*

San Joaq

5%%

60
-----

*

Lt & Pr prior pf.100
Prior preferred series A. 100
619
200 Schlesinger & Sons cl A com *

1,005

3%

13

4

Preferred

.....

Sale

25

*

1%

7%

Lowest.

Ask.

1

Sale

118

_.

134

55

95

93

23

120

6,938
9,384

22%

108

com

1,098 Rainier Pulp & Pap cl A com *
4,656 Richfield Oil Co of Calif com *
Preferred
25
2,608
*
1,891 Roos Bros Inc common

450

626

Sale
Sale

39

*

190

130

3,705

Sale

100

Cos Inc

1,456 Ry Eq & Rlty Co 1st pref

3,126
1,608
909

209,608

25%

22%

10
2

100 Phillips Petroleum Co cap--*
405 Pig'n Whistle Corp partic pf *

100

140

Preferred

17,854 Paraffine

1%

March 31.
Bid.

13

4

12

824

90

62

10

Oil Consol cap. 10

■764 Occidental Insurance cap'l 10

10,052

<

12

10

23

'

8%
1
Sale
96%
98
2%
3
1% Sale
5
7%

%
8%

94

23,898

Ask

8

11
Sale

1

2,566
310

RANGE SINCE JAN. 1.

IN MARCH.

Price

Since

Sal©

98

Alar. 30

98

182

1%
16%

4%

200

1%

Sale
9

2

190

Alar.

4

Alar. 30
Alar.

2

98
2 200

1% Alar. 15

15% Alar. 31

Mar.

4

Mar. 30

98

Mar. 14

175

1% Alar. 24
19% Mar.

2

Feb.

Mar. 12

Mar. 30

1

200

1% Mar. 15

2

Jan.

20

Feb.

18

6% Jan.

20

15% Jan.
6

Feb.

5
29

Mar. 14

13

Pittsburgh Stock Exchange
MONTHLY AND YEARLY RECORD

r".

RANGE OF PRICES ON PITTSBURGH

103,601

March-

340,626

Jan. 1 to March 31

Shares

-

Jan. 1 to March 31-

1931.

$3,000

89,939

249,456

March

1932.

Bond Sales.

1931.

1932.

Stock Sales.

STOCK EXCHANGE

12,000

$2,000

J

AGGREGATE SALES.

\

PRICES

PITTSBURGH
Jan. 2

In

Since

March.

Jan. 1.

STOCKS

10

Bid.

*

Ask.

Bid.

Ask

Sale

Sale

Prices.

Mar. 19
9% Mar. 22

10

13

Sale

10

995

751

2,016

1,191
1,750

>

25
1,438 Calorizlng Inc pref...
19,634 Carnegie Metals Co.......10
•

640 Clark (D L) Candy

200

7,247

6,712

Columbia

Gas Ac Electric

1H
4% Sale
10

Sale

2

$ ,.!«

40 Donahoes Inc cl A

10

..

1

55

....

....*

50 McCrady Rodgers pref..

50
*

75 McKlnney Mfg
Mesta Machine..

5

1,390
70

6,884
1,565 Nat Flreprooflng Corp pref 50

3,000

,.2."

-358

8)4 Sale
36

13 X

...

3

75
57

25
14,021 Pittsburgh Plate Glass
5,402 Pitts Screw At Bolt Corp.... *
5
5,500 Plymouth Oil

7,435
1,225
3,019
2,649

235
550

1,938
::

18)4 Sale
7)4
10

5,493
3,219

,

1

3
3

Mar.

8

12

5
Mar.
7
4)4 Mar. 22

Shamrock Oil Ac Gas

....*

Standard Steel Spring...
*

United Engine Ac Fdy

United States Glass Co.. .1125
*
508 Vanadium Alloy Steel...
465 Waverly Oil Works cl A ...I*
*
9,416 Westtnghouse Air Brake.
"IIso
3,319 We8tghouse El Ac Mfg

Jan.
Jan.

Mar.
Mar.

7
7

6
25
27

7)4 Mar. 30
Mar. 31
Jan.

5

Feb.

4

Mar.

Jan.

2

10% Jan.

12

Feb.

6

13

30

2)4 Feb. 29
5% Feb. 19
10

Jan.

8% Mar.

2

7

3

Jan.

25

2

Jan.

12

8)4 Feb. 13
14% Jan.
9

21
18
7

3

Jan.

8

27

8)4 Jan.

27

7

Jan.

5)4 Jan.
5

50

21

21

12)4 Mar. 26

13)4 Mar.

1

Jan. '«7

Mar. 29

10

Mar. 29

3
Sale

77
Sale

2)4
2)4
50
54
5%

Sale
3
58
Sale

Sale

2)4 Mar. 16
2)4 Mar. 14

3

Mar.

12)4
7)4

4

1

2

10)4 Sale
18 %

1)4

18 %

1H

1)4

14"

12

19
12

"26"

14

Jan.

13
13

Feb.

20

85
3

Feb.

20

Jan.

9

2

4

Jan.

2

Feb.

10

2

25

Mar. 29

3
80

Feb.

60

Jan.

27

Mar. 29

61

Jan.

28

9% Jan.

14

Mar. 29

78
58

Mar.

1

54

7)4 Mar.

1

5X Mar. 30
36
Feb.
6
1
Jan. 12
12
Mar. 26

5% Mar. 30

12

Mar. 26

7)4 Mar.

1

Mar. 11

14^ Mar.
7)4 Mar.

1
1

7c
6

7)4 Feb.

4

20

3

Mar. 29

6)4 Mar.
1

4

Mar. 16
Mar. 28

19J^ Mar. 29
1)4 Mar. 18

1)4 Mar.
10% Mar.
21% Mar.

Mar. 4
Mar. 31

12)4

Sale'

12

23

Sale

23)4 Mar. 30

15
12

9

Jan.

15

10)4 Jan.

20

9

23

7c

Jan.

6

Mar. 21

Feb.
Feb.
Feb.
Jan.

2

9% Mar. 26

18
4
12

32

9
1

17% Jan.

5

20

7

6% Feb.

6
3
1

3)4 Mar.
7)4 Mar.

19)4 Jan.

6

32

Mar.

Jan.

4

9% Mar. 26

20

Feb.

1

Feb.

"3)4Mar."l6

1

42

3% Jan.

6c

Mar. 11
Mar. 21

1
1

18% Mar.

25

1

Mar. 29

2

Sale

29

4

3
2
7

2

2

Mar.

3

12

Mar.

9

9

4)4 Feb.
7)4 Jan.

16
14
12

Mar. 29

1

Feb.

4

Jan.

Jan.

5
15

Jan.

2

Feb.

19

1)4 Jan.

29

Jan.
Jan.

6

Jan.

18

14

Jan.

20

1% Feb.

2

3

Jan.

11

12
Mar. 31
23% Mar. 30
6% Feb. 10

25

13

200 Worthington Ball Bear B._*

18

22

Jan.

1

18

4

16)4 Mar. 8
27% Mar. 23

Feb.

3)4 Jan.

10

Mar. 12

14

3
15 %

Jan.

Mar.

3)4 Mar. 16
Sale
3
3)4
6)4 Sale

Sale

Jan.

10

54

10
20

Jan.

60

60

4)4 Mar.
7H Mar.

....

3%
6%

14

29

10% Jan.

3)4
18)4 Sale
3% Sale
6)4

5

Feb.

Mar.

7c

4)4 Sale
7)4 Sale

Sale

Jan.

3

.11

19

Jan.

10

85

6c

*

200

:.0
,

1

3

1% Mar.
8)4 Mar.
16

6

56

11

14)4 Sale
7 % Sale

__*
295 Pittsburgh Forging*
100 Pittsburgh Invest Security.*

1,925

7% Feb.

3

Sale

7)4 Sale

100 Petroleum Exploration....25

3,819
2,570
3,200

Mar. 11

20

1% Mar. 21
4)4 Jan.
2
6
Mar. 29

Mar. 10

40

25c
11,400 Phoenix Oil
.....50
2,116 Pittsburg Brewing
Preferred...
50
1,280
13 Pittsburgh Coal preferred 100

$

1

7)4 Mar. 30
Mar. 31

12

Feb.

8)4 Jan.

2%

80

585 Koppers Gas Ac Coke pref.100

50

1)4

Sale

3

85

635 Jones Ac Laughlln St'I pf-.lOO

600

12

4

-.100

190

885

8)4
Sale

Mar. 10

10

315

89,650

3

Mar.
Mar.
Mar.
Mar.

Jan.

9% Mar. 22

1
1
8
7

2)4
5)4
7)4
8%

65

..

1,885 Independent Brewing.....150
Preferred
;
50
1,435

36,380

10

50

*

830

Lone Star Gas

Mar. 29

7)4 Mar. 30

...100

Preferred

10

1% Mar. 21
4)4 Mar. 23
6

'7)4 Sale

4X

....

495

5

5

Preferred
*
120
425 Harb-Walker Refrac com...*

30

Sale

8

Mar.
7
9% Mar. 22

12

*

10 Follanabee Bros pref
4,590 Hachmeister-Lind Co

935

8

....

Sale

13)4

*

Highest.
Sale Prices.

50

10 Consolidated Ice

150

5

4%

830 Crandall McK & Henderson.*
1,345 Devonian Oil.............10

600

2)4 Sale

Sale

7H

Prices

30

10 Amer Fruit Growers pref.100

*
1,520 Arkansas Nat Gas Corp
Preferred-.
—....10
2,467
._..._*
2,647 Armstrong Cork Co.
-..._.--*
7,805 Blaw-Knox Co

950

Lowest.
Sale Prices

Highest.

Lowest.

March 31.

Ask. Bid.

10

*

2,031 Allegheny Steal
5,060 Aluminum Gooda Mfg

480

March 1.

1932.
Par.

Shares.

Shares.

RANGE SINCE JAN. 1.

IN MARCH.

Price

STOCK EXCHANGE

16% Feb. 15
Feb.
3
6)4 Feb. 10

UNLISTED.

447
■

■

5,418

9% Jan. 20

*
271 Central Tube Co
887 Copperweld Steel...._...._*
Leonard Oil Development..25
3,000
100
275 Lone Star Gas pref
West Public Service v t c ..*

16,455

5
25c

Mar. 29

7

Mar.

Mar. 29

10^ Jan.

28

10

Feb.

30c

Jan,

13
8
5
19

25c

We

Sale

4

Sale

3 J4 Mar. 28

5

Mar.

Jan.

8

75

75

3)4 Sale

5

2

50c

Jan.

3% Jan.

7
4

76
5

Feb.
Feb.

Jan.

23

56

Jan.

3

BONDS.

$2,000 Pittsburgh Brewing As..1949

*

No par value,

x

Ex-dividend,




r

50

55

55

Cash sale.

.--•r \

In the earlier part of this

of
of
General Quotations we combine in one comprehensive whole, securities of all classes and descriptions, not only
those dealt in on the
exchanges, but also leading unlisted and inactive securities.
The following is an index
publication complete records of the dealings

the country, for the latest month and for the

to the

calendar

year to

date,

are

on

the leading stock exchanges

In this department

furnished.

different classes of securities quoted:
Public Utility

69

.

Steam Railroad Stocks

Bonds

...75

Public Utility Stocks..

...73

Joint Stock Land Bank Bonds....
Joint Stock Land Bank Stocks..

80

91

Industrial & Miscellaneous Bonds...

..83

91

—...

Federal Land Bank Bonds......

Industrial & Miscellaneous Stocks...

..87

—92

...

Page

Page

Page
Steam Railroad Bonds

Textile Manufacturing

Investment Trust Stocks and Bonds......74

Mining Stocks........

Title Guarantee and Safe Deposit

—87

Stocks..87

Municipal Bonds—...—92

United States and

Canadian Municipal

86

Stocks

..86-112

Stocks and Scrip

Real Estate Trust and Land Stocks

85

Exchange Seats....

Real Estate Bonds.......................100

Insurance

Foreign Government Bonds

....—....94
———.93

Bonds

...86

.

Quotations from all Stock Exchanges are as near as possible for the closing day of the month preceding the date of issue.
As the New York Stock
Exchange began with Jan. 2 1909 to quote all bond prices "and interest/' we have adopted the same method and no longer employ a designating
mark to indicate the fact except where there
to the

price, he must

pay

is

a

deviation from this rule.

accrued interest in addition to the price.

The reader will understand, therefore, that unless the letter "/" is prefixed

This, however, does not apply to income bonds

bonds in default, in which cases

or

the price includes the interest, should there be any.
The letter

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

default, the price is always "flat," and

no

provide for it separately in making payment.

Quotations for guaranteed stocks
thus (d) are per share.

All others

are

are per

It should be borne in mind in the
cases

As already stated in the

case

of income bonds and bonds in

designating mark is employed to Indicate the fact.

Quotations for equipment bonds are based

on average

maturities

"and dividend"; that Is, the accrued dividend must be paid in addition to the price.

Stock prices marked

cent except bank stock prices, which are quoted per share unless otherwise stated.

use

of these tables that the quotations for many Inactive and unlisted securities are merely nominal, but

in all

the figures are obtained from sources which are considered reliable.

The folio wing abbreviations are often used, via.; "M" for mortgage,

"g" for gold, "gu" for guaranteed, "end" for endorsed, "cons" for consolidated

conv" for convertible, "s f" for sinking fund, "1 g" for land grant, "op" for optional.

The black-faced type in the letters showing the Interest period Indicates the month when the bonds mature.

NOTICE.—All bond prices are "and interest" except where

Bonds.

Bid.

RAILROAD BONDS
Adirondack 1st 4%s 1942 guMAS
Akron A Barb Belt g 4s 1942. JAD
Ak Oant A Youngst—
Gen A ref 0s 1945 ser A..AAO
Gen A ref 5 Us 1945 ser B AAO
Alabama Great Southern—
1st cons g 5s 1943 ser A
JAD
1st cons 4s 1943 ser B
JAD
Alabama N Orl TAP June—
"A" deb 5s g '40 red '10-MAN
"B" deb g 5s '40 red '10-MAN
"O" deb g 5s Nov 1 1940.AAO

85
75

g

1995--.-_.Q-J

Eq tr 6s 1932-35 (s-a)-JAJ 15
Ark A Mem By Brge A Term—
1st M 5s 1964
MAS
Aroostook Nor 5s g 1947
AAO
Asheville A Spartanburg—S U A
Ool 1st M g gu 4s 1955
JAJ
Atchison Topeka A Santa Fe—
Gen mtge gold 4s 1995—AAO
Adjustment 4s July 11955 Nov
Stamped
MAN
Oonv g 4s of 09 due 55 op JAD
Oonv g 4s of 1905 due '55. JAD
Oonv g 4s of 1960
JAD
Oonv deb 4%s 1948
JAD
Trans 8 L 1st g 4s 1958—JAJ
Oal-Arlx 1st Arf 4U* '62 op MAS

Atl AY ad 1st gu g 4s 1949—AAO

Aug Term 1st

96
95
97

101

100
102
20
7

72

93
75

78%

75

80

87

80"

11*
83
83

82%
88%

86

Series B
1/115
Bocky Mt Div 4s 1965
JAJ
74%
Athens Terminal By—
1st g 5s 1937
—JAJ / 25
Atlanta A Charlotte Air Line—

125

82

51
70

MAN

91

82

....

84%
89%

80%

38

Atlanta Terminal 6s 1939— FA A
Atlantic City gu 4s 1951
JAJ
1st M 5Mb 1929 extd as 5%

May 1954

4Us 1932-40 (yr)-MAN
4*4* '33-'41 O (yr)-FAA
5s 1932-37 (yr)
FAA
5s 1933-38 (yr)
FAA
6* *33-'35 (yr)—JAJ 16
Pittsb Lake Erie A W Va—

23
98

20*4

90%

to

Eq
Eq
Eq
Eq
Eq

40

75""
83

88

„

1st cons 4s July 1 1952...MAS
Ool tr g 4s Oct 1 1952 op.MAN
Oonv deb 4s 1939 op 1916MAN

80

11*

11*
60

70

Gen unif ser A 4%a 1964- JAD

Eq 6*4* Feb 1936 (v«v»r) FA A ft
» Basis.

/This price iucludea




6.25

1st 5s 1950—JAJ

Toledo A Oln Div 4s 1959.-JAJ
Bangor A Aroostook—
1st M 5s g Jan 1 1943
JAJ
Oons refund g 4s 1951
JAJ
Medford Ext 6s 1937
MAN
Piscat Div g 5s Jan 1943-AAO
St Johns Biv Ext gu 5s '39-FAA
Van Bur Ext 5s g Jan *43. AAO
Washburn Ext 1st 5s '39—FAA
Bat Creek A S 1st gu g 3s '89 JAD
Bay O AB O 1stMg3s 1989-JAD
Bedford Belt 1st 5s 1938
JAJ
Beech Or 1st 4s g gu 1936—-JAJ
2d guar gold 5a 1936—JAJ
Beech Crk Ext 3 Us 1951—AAO

1st g 5a Dec 1 1932
JAD
Belt BB A Stk Yds (Ind'p'lia)—
1st ref gold 4s 1939
MAN

6.25
6.25

5.75%
5.60%

77

25%

31

19

25

30

60
98

55
90
90

Boonville St L A Sou 5s '51-FAA
Boaton A Albany 5s Oct '63--JAJ
5s June 1942
JAD
5s July 1 1938
JAJ

Us

July

1937-

JAJ

4 Us impt 1978—
FAA
4s May 1 1933 gu N Y O.MAN
4s May 1 1934 gu N Y O.MAN
4s May 1 1935 gu N Y O.MAN

78

41%
55%

42%

/London,

1st

57
63

60
53

75

72
52

77%

B*

85

59

MAS
..MAN

4%*——JAJ
FAA

FAA
JAJ

Aug 1942
3s July 1950

JAJ
Equip 5 U« 1932-1937 (yr) FA A
Eq tr 6s 1932-38 (year)
JAD

%l
6%
6%

ser

4s

6s

Jan

1

69
69
69

69

69

69

65

Bost A Maine (old)
4s Feb 1 1937

57

6.50
6.50
6.50
6.50
6.50

69

65
65
65
65
65

AO
5s 1955 ser 2

m

69""

65
65

69

68

69%

62

71

„

1st m 4%s 1961 ser JJ
AAO
Eq 4Us 1933-1943 (yr)—AAO

n*

1933

—

Wor Nashua A Roch 4-5s 1945
4s Oct 1 1934
AAO
Bos A N Y A L 1st 4s g 1955.FAA
Boston Rev Beach A

65%
7.50

67

6.50%

65

85
64
51
92
7.50

7.50

70

68""

97""
6.50%
6.50%

90""
60%

75

50

65
90

Lynn—

1st m 4%s July 15 1947-JAJ16
Gen m 6s 1933
JAJ 15
Brook A Mon 2d 5« 1938—-JAD
Brun A West 1st 4s 1938
JAJ
Buffalo Creek 1st 5a 1941
JAJ
lat ref 5a 1961
JAJ
Bluff Point Land A Impt—See In
Buffalo Bocheater A Pittsburgh—

80
85
85
65

70

60

65

A Ml scell.

General 5» g 1937
Oon g 4%s 1957

70
75

80"
91

56

75

89%

92%

Eq 6s

98

99

MAS
MAN
K 1933 (s-aj ...FAA
Buff A Susquehanna BB Corp—
aer

82

1st 4a Dec 30 1963
.JAJ
Burl Cedar Rapids A North—
Con lat A coll tr 5a g '34..AAO

68

70

Butte Anaconda A Pac 5a'44 FAA
Gain A Clear—lat 5* g 1941. JAJ

96%

85"

75

80
80

Gen M g 4a 1955—
FAA
Cambria A Ind 1st 4%a '68..JAJ

Eq tr 5 %s 1932-38
Canada Atl

85%
A

Ml

(year) MAN

lat 4a 1955
JAJ
Canada South 5a 1962 ser A. AAO
Can Nat Bys 4%s 1954.MAS 15

4%s 1957
4%s 1968
4%s guar 1951.

scell.

JAJ
JAD

35
88

40

80

85

77"
80
_

93%
90

93

nNominal,

Eq tr 4 Us 1932-45(ann).. J AD

Canadian Northern—
8 F deb 7s 1940

JAD
—JAJ
10-yr g 4 Us Feb 15 1935-FAA
Winnipeg Term 4s 1939...JAJ

S F deb 6%s 1946

88%

s

Sale price.

92

65"
7.50
50
85

80%
80

79%

70

6.50%
•

60
87

80%
80%
80

81

JVLAS.

4%s guar 1956
..FAA
4%s guar 1955—
JAD 15
40-yr 5s guar 1970—
FAA
5s guar 1969
JAJ
5s guar 1969
.......AAO
Eq tr 4%s 1932-1942 (gu) MAN
...

79

k Last sale.

5s May 1943
5s Mar 1942-

79

70
85

65

.

1943.
5s May 1940
1st m 5s 1967

70

J&J

1951

5s Jan

77%
5.50%

accrue* interest,

3%t Jan 1

Ref 3Us 1952 gu NYC-AAO
Boston A Lowell 4 %s Feb '33. JAJ
Boston A Maine (new) 5s Sept '41
4s-5s April 1947—
5s Apr 1944
5s June 1945
5s Jan 1946

100
60

Belt By of Ohatt 5a 1945—JAJ
Belvidere Del 1st 3%s 1943—JAJ

Big Sandy By 1st g 4s 1944-JAD
Birm Term lat g 4s 1957 gu.MAS
Bluff Point Land A Imp—8ee In
Bolivia By 1st 5s 1927
JAJ
Boonville BR Bridge 4s *41 -MAN

Ask.

Boston A Albany (Concluded)

Bellingham Bay A British Ool—

4

70

Refund gold 4s 1941—MAN

S W Div

Atlantic Ooast Line Oo of Oonn—
Certs Indebt 5s irredeem.JAD /
Atlantic Ooast Line BB—

tr
tr
tr
tr
tr

Bid.

Bond*.

Ask.

gu g

Baltimore A Ohio—
1st M 4s g July 1 1948—AAO
1st M 5s Judy 1 1948..
AAO
Oonv 4Ua 1933 red 1923-MAS
Oonv g 4*4.8 1960
FA A
Bef A gen 5s 1995 series A. JAD
Bef A gen 6s 1995 series O.JAD
Bef A gen 5s 2000 ser D—MAS

R*
90

90"

Atlanta A St Andrews Bay—
1st 6s. 1938AAO

6s 1947..AAO
A us A NW 1st 5s g 1941
JAJ
Augusta Union Stat 4s 1953-JAJ
Bait A Harris g 5s 1936
MAN
1st 3VI West Ext g 5s 1938 MAN

21
18

11*

1st M 4%a 1944 ser A
JAJ
1st M 5s 1944 ser B
JAJ
Atl Knox A Nor 1st 5s 1946—JAD
Oonsol gold 4s 2002
MAS

Eq 6s 1933-1935 (yr>—JAJ 15
Eq 4%a 1933-*41 E (yr).FAA
Atlantic Ooast Line of S O—
Gen 1st g 4s July 1948
.JAJ
Atl A Danville 1st 4s 1948
JAJ
2d g 4s 1948
JAJ

71*4

n*

1st

Bid.

79

1?*

Arbor

Bonds.
Atlantic Ooast Line BB (Concl)

Alabama Tennessee A Northern—
Prior lien 6s 1948—
12
JAJ
Gen income 6s Oct 1948
3
Alabama A Vicksburg By—
1st M g 5s 1974 serial A..MAN
60
Albany A Susq 3Me gold 1946
(oonv before 1916) gu
AAO
75%
Alleghany Corp—
Ooll tr conv 5s 1944
FA A
20*4
Ooll A conv 5s 1949.—„.JAD
Ool A conv 5s 1950.—.
AAO
Allegheny Val gen 4s 1942—MAS
A1 A West 4s guar 1998
AAO
Amer Dock A Impt—See Ind A M lace11—
Ann

Ask.

marked "f" and income and defaulted bonds.

80

80%

82%

84

86%

87%

86%
86%

I?*

8&
8%

II

iSft

98%
100%
93%

91%

RAILROAD

70

BONDS

NOTICE.—All bond prices art "and interest" except where

ma.

Bonds

•

.

Eq tr 6s 1944
J&J
Eq tr 4Ms 1932-1938 s-a-J&D
Eq tr 4Ms 1940-1946 «-a_ J&D
Oaro Cent 1st g gu 4s 1949- -J&<J
Oaro Clinch & Ohio 5s 1938—J&D
1st cons 6s 1952 ser A.J&SD15
Equip 5s 1932-1937 f-a—A&O
Eq 5s 1932-1933 s-a
-J&D
Eq tr 6s 1933-'35 (yrly)_J&J15
Oart & Adir 1st 4s 1981
J&D
Oatawlssa cons g 4s 1948—A&O

77
86
76

74M
83 M
6.50%

88 M

6%
6%
6%

86"
50

Cent Ark & Ea 1st 5s 1940 op J&J
OentrBr Un Pac 1st g 4s '48-J&D

45

Central of Georgia—
1st M g 5s Nov 1 1946—P&A
Registered 31,000 & $5,000—
Oons gold 5s 1945
M&N
Registered $1,000 & $5,000—
Ref & gen 5Ms 1959 ser B.A&O
Ref & gen 5m 1959 ser O—A&O
Eq tr 4Ms '33-'40«er P(yr)M&S

68 M

15""
22

7.25
7.25

Eq tr 4Ms'32-'40serQ(yr)M&N
Eq tr 5s 1932-'38 (yrly)..J&D

7.25

50

30%
25M
6.25 %

6.25%
6.25%

35

69 M

45"

Mid Ga& Atl 1st 5s 1947-J&J
Mobile Dlv g 5s 1946
J&J
Oconee Dlv 1st g 5s 1945—J&D
Ocean S S 1st 5s 1943
-J&J
Oent New Eng 1st qu 4s 1961 J&J
Central of New Jersey—
Gen M (now 1st) g 5s 1987 J&J

75

37

Chat Dlv gold 4s 1951—J&D
Macon & Nor g 5s 1946—J&J

95""

65%

72M

85M

91

6.50
6.25

5.75

90

J&J
Eq tr 6s '33-35 (yrly)—J&J15
Eq tr 4Ms 1932-*41 (yr)-F&A

Gen M 4s 1987

Central Pacific—
1st ref 4s g guar 1949

5.50

75M

80
79
76 M

40M

45""

77

F&A
11954—A&O
Guar g 5s 1960
P&A
m European loan 4s 1946.M&S
Oent RR & Bkg 5s 1937
M&N

74

1st g guar 4s Oct

Oentral Vermont Ry—
7.50
6.50%
Eq tr 5s Apr 26 1932 s-a—A&O
7.50
6.50%
Eq tr 5s Dec 14 '32-*44 (yr)——
95
Ohar & Sav gen 7s 1936
J&J
60
Oharl & W Oar 1st 5s 1946—A&O
Ohateaugay Ore & Iron Oo—See I nd&M isc.
Chat R & South g 5s 1947—J&J
70
Chattanooga Sta 4s 1957 gu.J&J
Ohesapeake Corp—See Misc Bon ds

65

58*
40

33 M

99%

1st M 5s 1945 guar..
A&O
Chesterfield & Lane 1st 5s '55P&A

Eq tr 6s 1932-38 (yr)—A&O

99%

1st 5s 1933
A&O
5s 1936
J&D
Cleve & Mah Val g 5s 1938.J&J
Clev & Marietta 4 Ms 1935.M&N
Cleveland & Pittsburgh—

5.50%

5.50%
5.50%
99%

Gen

97

::::

75"
45

90

95

86%

87

98 M
80

99
81

60 M
82 m

68
84

Colorado & Southern
Ref M g 4Ms May 1 *35—M&N
General mtge 4Ms 1980..M&N

Chicago Indiana & Southern Ry
Con mtge g 4s 1956 guar. .J&J
Chicago Indlanap & 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 5s 1966 series A.M&N
1st & gen 6s May '66 ser B J&J
Equip tr 6s *33-'35 (yr)—J&J15
Monon Coal gu 5s '36 opt J&D
Ohic & I O Ry 1st 5s 1936—J&J
Chicago Lake Shore & Eastern—
1st M 4Mb 1969 opt 1919-J&D
Ohic Memp & Gulf 5s 1940—J&J

49"
79M

42

Conn & Pass 1st g 4s 1943.-A&O
Conn River gold 4s 1943
M&S

31
38

29

39

95
30

98

Connecting Ry (Phila)—
1st M gu 4s Mar 15* 51.M&815
Cuban Nor Rys 1st 5Ms '42. J&D
Cuba RR 1st g 5s 1952
-J&J
1st 1 & ref g7M» '36 ser A.J&D

35

1st 1 & ref 6s 1936

85
28

32

32

32 M

95

;3Ms

1987
M&N
gold 4s 1987
M&N
Stmpd non-pay Ped inc tax
Gen M 5s '87 stpd Inc tax M&N
G en M 4 M s'87stpd inc taxM&N
Gen M 4 Ms'87 stpd inc tax M&N
Sinking fund deb 5s 1933-M&N
15-year 6Ms Mar 1936—M&S
1st & ref 5s May 2037
J&D
1st & ref 4Ms May 2037-J&D
lot & ref 4Mb May 2037C J&D
Oonv g 4Mb 1949 ser A—M&N
g

7M

59M
57 M

62
59

70
70
72

General 4Ms 1932
J&J
Del & Bound Br 3Ms 1955.P&A
Delaware & Hudson—
Oonv 5s 1935
A&O

b

66
8

b

8

b

8

1st & ref gold 4s 1943
M&N
15-yr g 5 Mb May 1 '37—M&N
Eq 6s Jan 15 *33-'35(yr) J&J16
D Rfv RR & B gu g 4s 1936.P&A
Del R Ter p m g 5s 1942
M&N

7%

7%

99
93
81

61
80

67

61

69

70

78

87 M

71

>

60 %
98

94

78 %

71

98

20

27M

M

M&N
/

98" Georgia Fla & Ala RR—

15

F&A /

100"
78

Ga Sou & Fla 1st g 5s 1945—J&J
Deb 5s 1952—
A&O

Eq tr 4Mb 1932-1939 a-a.M&N
Gouv & Osw 1st 5s g 1942—J&D
Gr R & Ind ext 4 Ms 1941
J&J

82

7~ 50
60M

b

90

V

90

2d 4s 1936
A&O
Grand Riv Valley 4s 1959--M&S
Grand Trunk Pacific—

74

58
71

A&O

56

Lake Sup Dlv 4s 1955
A&O
Grand Trunk Ry of Canada—
Sink fund g deb 7s 1940- -A&O

56

80

85M

87
99

85

90

75M

82

78
60

17

80

6Mb 1936

69"

81
93

97

ItS

U

95

97

26
37

40

July 1 1950--J&J

60

64"

Eq tr 5s Dec 14 '32-'43 (yr)_—.
Grays Pt Term g 5s 1947—J&D
Great Northern—
;
.
Gen M 7s 1936 series A—J&J
1st & ref g 4 Ms '61 opt *41.J&J
Gen M 5Ms 1952 ser B—J&J
Gen M 5s 1973 ser O
J&J

80

88

1st g gu 4s $

,

39 %

39%
23

85

68

89

56

M&S
F&A

Deb g 6s Sept 1 1936

87

nH

70

Grand Trunk West 4s £ 1950-J&J

70

24M

J&J

Mountain Sec 4s 1955

67

95

83%
95%
100

1976 ser D
J&J
1977 ser E_
J&D
Eq tr 4Mb 1932-1939
M&S
Eqtr4Ms 1932-1940 D (yr}j&J
Eq tr 5m 1932-1938 (yr)—M&S
Western Fruit Express—...
Eq 5s J'ne 15'32-'39 (yr) J&D
Eq tr 4Mb 1932-1940.J&D
Great Northern Ry of Canada
Oons 4s 1934 opt to 1914—A&O
Greenb Ry lstg gu 4s '40--M&N

40

89 %

83%
78
73

64M

Gen 4M»
Gen 4Mb

Green

65

b
b
b

6%
7%
7%

6%

60
,

Bay & West debt certs A.. /

68

87 M

91M
65
7M

20

/

Deb ctfs B

5%

1
/

13 M
7

Ouantanamo & Western—

89%

1st M 6s 1958 ser A
-J&J
Guayaquil & Quito 1st 5s '32 J&J2
Gulf Mobile & Northern—
1st 5 Ms 1950 ser B
A&O
1st 5s 1950 Series O..
A&O
Gulf & Ship Island RR—
1st ref & term g 5s Feb '52. J&J
Gulf Terminal of Mobile—
1st mtge g 4s 1957 gu....- J&J
Harl R & Portch—See N Y N
Hoboken RR & Term Co—
M&S
1st lien s f 6s 1947
Certificates of deposit
Booking Valley Ry—
.
1st cons gold 4 Ms 1999—J&J
Eq tr 5s 1932-1988 (ann)-A&O
Eq tr 5s 1932-1939 (yr)—-J&J
Eq tr 6s '33-'35 (yr)
J&J 15

s

15

13

^

23
30

61

66 M

—

2
2

25

8

11*
87
34
35

80 M

90

71

.

40

46M
49%

42

54

70
H & Ha rtford

/
/

^

7
7
86

6

6.7S
6.75

b

6.71

ft

mmm

93

5.75%
5.75%
5.75%

75

1 This price Includes accrued int. k Last sale. I In London, m Dollar per o0u francs per £20.




12

J&J /
5s 1948. J&D /

Otfs of deposit

J&J

J&J

g

69

28

1st 5s Mar 1 1964

Ala Term 1st

1st M 3s 1962

21

1

Ga &

1st 4s Feb 15 *42 Alg gu.M&N
Gen 4s 1962 Can Gov gu.-J&J
Prairie Section 4s 1955—A&O

B.A&O

25M

J&J

& Ala 5s Oct 1957
genesee River 6s 1945

1st 4a Feb 25 '39 Alg gu.M&N

Ref & impt 5s 1978 ser

38

50
90

93

Gen income 5s Aug '55—P&A

34

93

87
80

77

36

75

85M

62

30
24 M

7
3

92 M

65

29

9M

Georgia & Florida RR—
1st M 6s 1946 ser A

76%

57

83

60
40

Ga Oaro & N 1st 5s g 1929.-J&J
/
Ext at 6% to July 1 1934

Denver & Rio Grande Western—

80"

—

100

llH

65

81M

5

75
70

85

91

57M

70
73

6M
75

-

1st M & ref 6s 1952

58 M

Eq tr 4Ms 1932-42 (yr)—M&N b
Denver & Rio Grande—
1st con g 4s 1936
J&J
1st con g 4Mb 1936
J&J
Denver & Salt Lake Ry—
1st mtge 6s 1950
—
Inc mtge 6s 1960
/
Des M & Ft D 1st 4s 1935—J&J
Certificates of deposit
Des Plaines Val 4M« 1947—M&S
Det & Mack pr lien 4s 1995. J&D
Mortgage gold 4s 1995
J&D

55

Ga Mid 1st g 3s 1946
A&O
Ga RR & Bkg ref 6s 1951—A&O
4s Jan 1 1947
J&J

51

80

90

35M

M&S

Galv Houston & Henderson—
A&O
1st M 5s 1933
Galveston Term 6s 1938
M&S
a

96"

91

8

1942

7%
7%
100

88
88
85
85
90

J&J
'59-J&D

Inc deb 6s 1952

b

Ex p mon g 5s

95

8%
8%
99M
88%

100

7%
7%

Det R Tun 4Mb 1961 gu—.M&N
Detroit Toledo & Ironton—

b Basis.

70M

73

Delaware R.R.—

65
65

-

Gen M

7M

B..J&D

Imp & equip 5s 1960
M&N
Dal & Waco 1st gu 5s 1940-M&N
Danb & Norwalk 4s 1955
J&D
Dayton Union 4s 1949
J&J
Dawson Ry & Coal 5s 1951.-J&J

Ohic Milw St Paul & Pac RR—

/

ser

90

51
44 M

52

Port Dodge Des Moines & Sou—
1st 5s 1938
—_J&D /
Ft Smith & West 1st g 4s '54.A&0
Port St Un Dept Det 4Mb '41 J&J
Ft Worth & D O 6s 1921—
Ext at 5M% to 1961
J&D
From Elk & Mo V 6s 1933-A&O

Deposit—

1st m 4s 1940
P&A
Col & Hock Val ext 4s 1948 A&O
Ool & Tol lst g 4s 1955
F&A

60

37M

70

Eqtr 6s 1933-35 (year)--J&J 15
Columbia & Port

35 M
35

(May '32 and May '37 coup). /

76

1st s f 4Mb 1977 ser O—A&O
Coal RIv Ry 1st 4s gu '45
J&D

33 M
34

1st cons ref g 4 Ms 1947
J&J
Gen ref gold 4s 1950
J&J
1st cons ref 4 M« *52 opt. -M&N /
Amended 1st con 4Ks 1982

97%

75

10%

41

Fonda Johnstown & G loversv—

82

10

46"

6.50%

,

Cleve Short L 4Mb 1961
A&O
Cleveland Terminal & Valley—
1st 4s gold guar 1995+---M&N
Cleveland Union Terminals—
1st s f 5Ms 1972 series A..A&0
1st M s f 5s 1973 ser B
A&O

85M

Income 5s Oct 1982:
Ohic Grt West 1st 4s 1959—M&S

Gen M

1942—J&J
1942—A&O

Ser O 3 M" gen gtd 1948.-M&N
Ser D 3Ms gen gtd 1950--F&A
Gen & ref 4Mb 1977 ser A.F&A

88

84 M

85"

105

93

M

Ser A 4M> gen gtd
Ser B 4 Ms gen gtd
Int red to 3M%

35M
35M

85

Eq 4Mb '32-'35 G (s-a)—A&O
Eq 4Mb '32-'41 H (s-a)-.M&S
Fla So 1st g gn 4« 1945
J&J
Florida West Sh 5s 1934
J&J /

Wheeling—

Oons now

62

1st & ref 5s 1974—
Certificates of deposit

80

70
80 M

5.50%
5.50%

42 M

7.50

1st cons guar g 4s 1940—P&A
Olev Cine Ohic & St Louis—

Cleveland Lorain &

95

Chicago & Eastern Illinois—
1st consol 6s gold 1934—A&O
Chicago & Erie 5s 1st g '82-M&N

60
77 H
80

98 M
63

85

84
79

57 %
48

1st cons 5s gold 1943
Florida East Coast 4Mb

85

b

90

Florida Central & Peninsula—

50

J&J
J&J

A

80

90

97
1st M 5s 2020 ser B
Clearfield Bitum Coal—See Ind & Misc.
Clear & M 1st 5s g gu 1943—J&J
Cleveland Akron & Columbus—

75

4s July 1 1949
J&J
Ohic & East 111 (new co)—
Gen M 5s May 1951——M&N

50-yr 5s 1975 series A—F&A
Oonv adj 5s Jan 2000
A&O
Gen g 4s A May 1 1989.
J&J
Gen g 3Ms B May 11989-J&J
Gen 4 M« May '89 series O.J&J
Gen 4Ms May '89 ser E..J&J
Gen M 4 Ms May '99 ser P. J&J
Eq 4Ms'32-*43 E & P (yr)_J&J
Eq 4 Ms '32-*41 G & H(yr). J&J
Equip tr 6s 1933-35 (yr).J&J15
Equip tr 5s'32-'40 ser B (yr)F&A
Chicago & North Western—

ser

85

Gen M 4s 1958
M&S
1st & ref 4Mb ser B 1977.-P&A
1st & ref g 5s 1971 ser A—F&A
Illinois Dlv 3 Ms '49 op *29 J&J

75

Oincln North 1st g 4s 1951—J&J
Cincinnati Union Term Co—

75

6.50
6.50
70

Equip trust 6s Jan 15 '32-'35
(yearly)
J&J15
Chicago Burlington & Quincy—

86

Oin Leb & Nor 4s 1942
M&N
Cine & Musk Val 4s 1948—P&A

75

80

Eq tr 6s 1933-35 ?year)-J&J15
Eq 4Mb '32-'41 LL (s-a)—M&8
Eqtr 4Mb 1032-43 (s-a)—M&S
Penn coll g 4s Peb 11951—F&A
Erie & Jersey s f 6s 1955
J&J
Erie & PittsburghGen gu g 3Ms ser B 1940--J&J
Series O 1940
-J&J
European & N A gold 4s 1933 J&J
Fitcnburg 5s Jan 1 1934
J&J
4Mb Jan 1933
-J&J

71%

1st gold guar 4s 1953
A&O
0 IS L & 01st 4s g Aug *36—Q-F
Oin Ind & West 1st 5s 1965-M&N

Oin N O & Tex Pac Ry—

in
99

60%

70

A&O

1951-J&J

Oonv gold 4s 1953 ser A-.A&O
Series B 1953.
A&O
Series D 1953
A&O
Ref & impt m 5s 1967
M&N
Ref & mtge m 5s 1975
A&O

112

Cincinnati Hamilton & Dayton—
General 5s gold 1942
J&D
2d mtge gold 4 M* 1937
J&J
Cine Ind & St L Sh Line Ry—

1950-J&J

1st & ref 5s 1965
—A&O
Erie—
Prior lien gold 4s 1996
J&J
Gen lien gold 4s 1996
J&J

100

Gen gold 6s Dec 11932—Q-M
&J
Consol gold guar 4s 1952—J<S
1st & ref 5 Ms 1962 A
M&S
Choc & Memph 5s 1949
J&J
Choctaw Oklahoma & Gulf—
Consol gold 5s 1952
M&N

103 M

1st 6s 1910 ext at 4%
Income 5s 2862

100

110
98

90

72
90

El Paso & R 11st gu 5s
El Paso & S W RR—

75
72 M

90

__

M&N

Elmlra & Williams port—

98

90 M

68

Elgin Jol & East 5s 1941—M&N

40

27

Guar gold 5s 1944
Chicago & Western Indiana

1st M 4 Ms 2020

V

93

1963--J&J
J&D

1st M 6Ms series O

East Tenn Va & Georgia—
Consol lstg 5s 1956

81

39

Chic Un Stat 1st 4Mb 1963—J&J
1st M 5s 1963 series B
J&J

87
95

6.50
6.50

/

52 M

6.50%
6.50%
6.50%
6.50%
6.50%

§5"

M&N

1935

5s

_

IP
70

6.50

Chic & Alton 1st 3 Ms 1950—J&J
RR refunding g 3s 1949--A&O /

70
47 M

General 4s gold 1993
.J&D
Gen M 5s ser B 1993
—J&D
Ref & imp M 6s '41 ser O..J&J
Ref & imp M 5s '63 ser D_. J& J
Ref & impt 4 M» ser E 1977-J&J
Cairo Div 1st g 4s 1939—J&J
O W & M Dlv 1st 4s g *91 -J&J
St L Div 1st col trg 4«'90 M&N
Spr & Col Dlv 4s 1st g '40.M&S
White W V Dlv 1st 4a *40-J&J
Equip to 6s 1932-1935
Clev Oolum Oin & Indlanap—
Gen cons gold 6s 1934
J&J

%y<

—

7.60
7.50
7.50
7.50

1st & ref g 5s Dec 1 *60 opt J&D
Inc mtge 5s Dec 1 1960--M&S

91

Eq 6Ms 1932-35 (ann)
J&D
Craig Valley 1st 5s g 1940-J&J
Potts Creek 4s 1946-J&J
R & A Dlv 1st con g 4a '89-J&J
2d con g 4s 1989
J&J
Warm Spr Val 1st 5s g '41.M&S
Elevator Co g 4s gu 1938--A&O
West Poc Corp 1st 4Ms'45 P&A
Ohesapeake & Onlo Northern—

7.50

J&J15

Ohic Terre Haute & Southeast

100M

M&N

1992—M&S
Ref&Impt 4Mb 1993 serA A&O
Ref & impt 4Ms '95 ser B J&J
Eq tr 4M® '32-40 W (yr).A&0
Eq tr 5s 83-'38 (yr)
M&S15
Eq tr 5Ms *32-*37 (yrly)—J&D
Eq tr 6s 1933-35 (yrly)_J&J15

-

44

30-yr. conv.4Ms i960—-M&N
Eq 6s Jan 151933-'35 (yr) J&J15
Eq tr 5s 1932-38 (s-a)——J&D
Eq tr 5s 1932-*34 (s-a)—A&O
Eq 4Ms '32-*42 O (yr)—-J&J
Eq tr 4Ms *32-*45 (s-a)...J&D
Chicago St Louis & N O—
Con g 5s June 15 '51—J&D 15
Con g 3M» June 15'51 J&D. 16
Mem Div 1st 4s 1951
J&D

98M

1st gold 5« 1937
J&J
Dutchess Co RR 4Ms 1940..J&D
Eastern Ry of Minnesota—
Nor Div 1st g 4b 1948
A&O
Eastern Tenn & West N C—

53 H

31

97 M

Gen g s f 5s Jan 1 1941
J&J
Duluth South Shore & Atlantic—

68

Chesapeake & Ohio—
1st cons g 5s 1939
General 4M* sold

6.75%

6.75%
6.75%
6 75%

General gold 4s 1988.-——J&J
Ref g 4s 1934 opt to 1911—A&O
Sec 4M* 1952 ser A
M&S

Eq 6s 1933-'35 (ann)

48M

7.75

Detroit & Toledo Shore Line—
1st gold guar 4s 1953
J&J
Dul & Ir Range 1st 5s 1937.A&O
Duluth Mlssabe & Northern—

6.75%
6.75%

Chic St L & Pits 1st 5s g 1932A&0
Ohic St Paul Minn & Omaha—

25
95

Bid.

Bonds.

7.75
7 75
7.75
7.75
7.75

Eq tr 5s '32-'35 ser M (yr) .J&D
Eq 5s '32-'38 O (yr)——J&D
Eq 6s Jan 15 '33-'35 (yr) J&J15
Eq 6 Ms 1933-36 ser J (yr) M&S
Eq 6Ms 1932-36 K (yrj—A&O
Eq 4Ms'32-'42 (yr.) ser A jM&N
Ohic R I & Pac Ry—

6.50%

6
6

Ask*

Chic & North Western (Concl.)—

_

20-yr coll tr 4 Ms 1946
M&S
Coil tr 6s Apr 16 1934
A&O
Ooll tr 6s 1954
-J&D
8 f 4M» Dec 16 1944—J&D16
Ooll tr 4Ms 1960
-J&J

Bid,

Bonds

Ask.
85

Canadian NW 4Mb Oct 221943..
Canadian Pacific—
Oons deben 4s perpetual. _J&J

marked 'T* and income and defaulted bonds.

n

Nominal, r Canadian price, s Sale pries.

RAILROAD
ifOTIOE.—All bond prion* are "and Interest" except

Bonds.

Bid.

Holidays burg Bedford & Oumb
1st M r 4s 1951 guar
J&J
Housatonic con 5s 1937
M&N
Houston Belt & Term 5s 37-J&J
Houston East & West Texas—
1st 5s g May 1 1933
1 st gu g 58 Mar 1933.

88

91

88

91

954

974

M&N

Houston & Texas Central—
1st lien g 5s 1937
Hu lson & Manhattan—

^.J&J

1st gold 5s 1957 opt

804

Col tr L N O & T g
Ref mtge 5s 1955
Ref g 4s 1955

584

80

584

J&J
A&O
4s '53-M&N
—M&N

Lousiana & North Western—
1st M gold 5s 1935
_ A&O
1st mtge gold 5s 1940
J&J
Louisville & Jeffersonville Bridge
Guaranteed gold 4s 1945—M&S

50
41 !;:v

38

50-year gold 5s 1937——M&N
Unified gold 4s 1940
-J&J
1st & ref54a 2003 ser A—A&O
1st & ref 5s 2003 ser B
A&O
1st & ref 44s 2003 ser C-.A&O
Eq tr 44s 1932-37 (year).J&D
Equip 64a 1933-36 (year) M&S
Eq tr 6s 33-'35 (yr)
J&J15
Atl K & Cln Dlv 4s 1955- -M&N
Pad & Mem Dlv 1st 4s '40-F&A
S E & St L Dlv 6s 1971-M&S
2d mtge 3s 1980
M&S
Mob & Mont 44s 1945—M&S
Southern Ry joint Monon coll
gold 4s, 1952
J&J
L & N Term 1st g 4s '52 gu J&D
Macon Dub & Sav 5s 1947—J&J /
Macon Terminal 5s 1965
J&J
Mahon C RR 1st 5s 1934-— J&J
Maine Central—
"
1st & ref 44s 1935
J&D
1st & ref 5s Dec 1935
J&D
1st & ref 6s Dec 1935
J&D
Manila RR Sou Lines 4s'39_M&N
4s 1939 ext to 1959
Philippine Govt gu
M&N
Sinking fund g 7s 1937--M&N
Manitoba S W Col 5s 1934—J&D
ManitowGB&NW3 4s'41
J&J
Md Del & Va 5s 1955 gu
F&A /
Maryland & Pa 1st g 4s '51-M&S
Mason City & Ft Dodge—
1st M gold 4s 1955
J&D /
Memphis Union Station Co—
1st g gu 5s Nov 1 1959
M&N
Meridian Term 4s '55 guar.M&N

16

Mexican

If 55
37

654
374
8.50
8.50

8,50
8.50

8.50
8.50
8.50

8.50

8.50
56

iF
WA
75

J&J
J&J
-J&J

70
78

75

85"

A—J&J

85

95

.

Indianapolis Union—
Gen & refg 5s 1965 ser
Series B

Ref & impt 44a 1980
J&J
Indianap & Lou 1st 4s 1956--J&J
Interboro-Met \ See Public Utility
Inter

::::

724

Rap Tran J

Securities.
Ry—
1st M g 6s 1952 series A—J&J
Adj M 6s July 1952 ser A-April

tnu mat-Great North

1st M 5s 1956 series B

36
12

26

8%

37
25

-F&A
J&D /
/
M&S /
Ctf of dep
f
la Minn & N W 1st 3 4s 1935 Jf&J

34
,

39
35

224

28

34
24
4

7

Certificates of deposit
1st & refg 4s 1951

;=~

5

14
14

65

Jacksonv Gainesv & Gulf—

6s 1951
A&O
Jacksonv Ter 1st 5s gu 1939 J&J
Ref & ext 6s 1907
J&J
Jamestown Frank & Clearfield—
m

1st g 4s 1959 guar

•

1

1

1

68

J&D

....

Michigan Central—
Ref & impt 44« 1979 ser O-J&.T
1st 5s Kal &S H 1939
M&N
1st mtge M Air L 4s 1940-.J&J
1st g 4s Jol & N Ind.l957J&JlO
1st g 34s J L & Sag 1951-M&S
1st gold 34s 1952
M&N
Middlesex Val 1st 5s 1942-M&N

80

ext at

Midland
98

Assented

Milwaukee

70

^

55
85

63

75
75
66

624

98
98

93

854

mmmm

85
95

97
85

60

6.50

6.75
6.75

6

80

8g
g*

94

96

56

624

604

81

73

12
70

75

57
60
60

524

644
624
60

994

35"

L E

76"

75"

62

75

80

Con g ref 34b 1997
75
J&D
Lehigh & New England—
93
1st M gold 5s 1945
J&J
Gen mtge gold 5s 1954
85
J&J
7%
Eq tr 4 4s 1932-'42 (yr)__A&0 b
Lehigh Valley Harbor Term Ry—
1st mtge 5s 1954
F&A
Lehigh Valley—
83
1st 6s ext gold 4s 1948
J&D
104
Oon M 6s ann lrred
J&D
82
Con M 44s ann lrred
J&D
45
Gen cons gold 4s 2003
M&N
Gen con gold 44s 2003—M&N
Gen con gold 5s 2003
id"
M&N
Lehigh Valley Goal—See Ind & M lsc.
Lehigh Valley Ry of New York
76
1st 44s gold 1940
J&J
85
Lehigh Vail Term 5s 1941
A&O
Lehigh & Lake Erie—
1st 44a 1957 guar
M&S

76

....

86
50

494
65

f 1957—J&J

A&O

6% g notes *15 ext to '33--J&D
6% g notes £ '15 ext to '33. J&D
Nat RR 5f Mex pi g 44s '26 J&J
1st cons gold 4s 1951
A&O
National Transc Branch Lines Co

-A&O
M&N

1st Msf 44» 1955
Naugatuck 1st 4s 1954

New Brunsw 1 st g 5s 1934—F&A
Cons deb 4s perpetual
J&J

New Eng cons 4s 1945 gu
J&J
Consol g 5s July 1 1945---J&J

N Hav & North 4s 1956

gu—J&D

J&J
J&J

1933

544

1

IK
1
1
1

614
98

76

614

IF
65

21

40
65

A—A&O
A&O

::::

324

M&N
A--F&A

£84

Ref g 34s July 1 1997
J&J
Deb g 4s '34 tax-exempt.M&N

5
85

754
554
704

31

548 1954 series A—A&O
1st 5s 1956 series C
F&A
1st M 44s 1956 series D-.F&A
Eq trust 44s 1932-42
A&O
Newport & Cincinnati Bridge—
1st M g 44s 1945 guar—_J&J
Newp & Rich? 1st 5s '41 gu.-J&J
N Y Bay Ext R 1st 5s g 1943-J&J
New York Bkiyn & Manh Beach
1st gold 5s 1935
A&O
New York Central RR—

82"

944

tax-exempt..-J&J

814

Conv deb 6s 1935—

Cons mtge 4s 1998 ser
New York Central & Hud Rlv—

55

694

30

F
14

304
304
7%
81

77

44« 3d ext 1933
M&S
N Y & Gr Lake gu g 5s 1940.M&N
N Y & Har 1st g 3 4s 2000—M&N
N Y & Jer 1st g 5* *32 opt—F&A
N Y Lack & Western—
1st & ref 5s 1973 ser A
M&N

65

6.50
6.50
6.50

6.50
6.50

6.50

78
57
32

8%

8%
88

90
85
72
40

73

IP
30

25

73
1st &ref44» 1973 ser B.-M&N
NYLE&WC & RR—See Ind & Misc.
N Y L E & W Dock & Impt—Se e Ind &

67

72

N Y & L Br gen 4s 1941
General gold 5s 1941

RR—*

__J&D
Eq tr 6s 1933-'35 (year)_J&J15
Mo Kan & Okla, 1st 5s '42—M&N

*32-'45-M&N
1937--A&O

NY & E 1st 4s ext g 1947—M&N

76

66

6.50
6.50
6.50

6% gold notes 1932
A&O
Ref 54s 1974 *er A
A&O
Ref 44s 1978 ser C_
M&S
Equip tr 4 4s 1932 *44 (yr) F&A
Equip tr 5s 1932-'38 (yr)—F&A
New York Connecting RR—
i*t M 44s 1953 series A—F&A
1st guar 5s 1953 series B—F&A

8%
8%
8%
8%

59

654
664

M&N 15
44s *36-'32--J&J

NYC RR eq 44«

20

88

6.50

NYO&St L l«t g 4s

60

634

Eq tr 7s '32 '35 (year)—A&015
Eq tr 6s '33- 35 (year)__J&J15
NYC L eq 5s '32-'37 (yr).J&D
NYC L eq 5s 32 '39 (yr).J&D
NYC L eq 44s 32-'37(yr)M&S
NYC Lines eq 4 4 s Mar 15 1932
to
1939
(year)
M&S 15
NYC Lines eq 44s '33 *35 J&J
NYC Lines eq 44s ,32-'40
NYC RR eq

J.

J&J

1st gold 4s 1990

Ref & impt 4 4s 2013 A.—A&O
Ref & impt 5s 2013 O
A&O

(yearly)

27

'41opT6-M&N

1942

L S coll tr g 34s 1998
F&A
M C coll tr g 34s 1998—F&A

-J&J

M&S
J&D15 b

Deb 48

65

A9 5/£
O Ay*

654

374

40

734

734

95

98

/

Mo Pacific RR (new company)—
1st & ref 5s Jan 1965 A
F&A

41

45

1st & ref 5s 1977 ser F_— M&S

39

40

85

M&S
M&S

604

NY & NEBos Ter 4s 1939. -A&O
N Y New Haven & Hartford—
Deb 0s Jan 15 '48 conv—J&J16
Deb 4s May 11957
M&N
Deb 4s July 1 '55 non-conv J&J
Deb 4s 1950 non-conv
M&N
Deb 4s 1947 non-conv
M&S

794

Deb 34s March 1947
M&S
Deb 34« 1954 non-conv—A&O
Deb 34s 1950 conv
—J&J

15-year secured 6s 1940
1st & ref 4 4s 1967

1054

A&O
J&D

86

IF
55

524
534
504
89

664

Equip tr 44s Sept 15 1932 to
Mar 15 1945 (e-a)„M&S 15

tr

44s '32-'46(yr)-J&J b

Hari Rlv & Pt Ohes 4s '54 M&N




794

New Orl & Nor East 6s 1915,

1st 5s 1954 series B

44

Prior lien 5s 1962 ser A
J&J
Prior Hen 4s 1962 ser B
J&J
Prior Hen 44s 1978 ser D-J&J
Adj M 5s Jan 1967 ser A—A&O
M K&TofT 1st5sgu 1942M&S
Mo Kan & Tex (old company)—

/This price iucludes accrued interest.

72

7.50

Eqpt

(/Basis.

93

„

1st M

J&J

Missouri-Kansas-Texas

107

82

22"

874

Non-cum Inc 5s *35 ser

A&O

90

85

95

New Orleans Texas & Mexico—

20

Mlnneap Term 34s '50 opt-J&J
Mississippi Cent g 5s 1949
J&J
Mo-Ill RR 5s 1959
J&J

6%

60

(year).A&O

Eqtr44s 1932-'37

M&N
Ref & impt 44s "52 ser A„ J&J
New Orl Term 1st 4s 1953—J&J

10

97

904

11
55"

Extended at 5% 1940

21

f 4s

8%

Nash F & S 1st gu g 5s 1937—F&A
National Rys of Mexico—

1st & con & coll tr g 5s 1951 A&O
New Orl Gt Nor 1st 5s '55.-F&A

—

78

39

s

Constr'n44s 1955 ser B-M&N
Nashville Chattanooga & St L—
1st M 4s 1978 ser A
F&A

New Lon Nor 1st 4s 1940

404

1st Ch Ter

15

New Mexico Ry & Coal Go—
1st coll tr g 5s Oct 1 1947- A&O

TF

tr 44s 1932-'36 (s-a)-M&N b
tr 5s 1932-33 (s-a)
M&S b
tr 6s 1932-'35 (year).-M&S b
MStP&SS M & OentTermRy—

Lake Shore & Mich South—

30"
244
134

-

J&J

s-a

534
60

M&N

Constr'n 5s 1955 ser A

Gen 5s Jan 1

J&J

tr 4s *32 \38

J&J
2000—-J&D

65

J&J

Eq
Eq
Eq
Eq

244
8%
8%

N J June 1st 4s gu 1986
F&A
N J & N Y 1st m 5s 1950-M&N

::::

1st ref 54s 1978 ser B
25-year 54« 1949

92

Mont Wyo & So 5s 1939

101
97

Minn St P & Sault Ste Marie—

90

—

M&S

Consol gold 34s 2002
M&S
Monongahela Sou 5s J955--A&O
Mont Cent 1st g 6s 1937
J&J
1st guar gold 5s 1937
J&J

Prior Hen g 44s s
Gen mtge 4s 1977

644

39

Certificates of deposit
1st refdg gold 4s 1949
M&S /
Ref & ext 5s Feb '62 ser A-Q-F
Certificates of deposit

85

M&S

1st mtge 5s 1935
Morris & Essex 34s

42

1st 7s *27 ext at 6% 1932—J&D
1st consol gold 5sl934
M&N

65

i r
it

„

1st ref 6s 1946 series A_.

60
63

M&S

Impt 4Mj8 1977

Eq 44s *33-'41 O (yr>-J&J15
Eq tr os 1932-'38 (e-a)
M&S
Eq tr 5s 1933-39 (year)„__.T&J
Montgom Dlv g 5s 1947--F&A

724
75

lst34sl941_J&J

gold 4s 1938
1st cons gold 58 1938
1st cons 5s 1938 gu lnt
2d M gold 4s guar 1949

Ref &

39

— -

1938—M&S

90

82

1910

Sparta & NW 1st 4s 1947M&S

cons

Ohio, gen 4s

M&S
Montour RR 1st 5s 1963—F&A
Morgantown & Klngwood—

Minneapolis & St Louis—

Jan

J&J

(1884)

Mil&State Line

86

J&J

July I 1941

75

Northern—

1934

J&»;

Gen M g 4s 1945
Small

Moh & Mai 4s 1991

98

Mil

664

93

70

1st M 44s 1901 (sterling)-J&J
accr lnt at exch rate 4.8665

2d gold 5s

224

J&D

1st

& Det Rlv 44a 1932—F&A
Lake Erie & West 1st 5s 37—J&J

21

90

to

Kansas Oklahoma & Gulf—

—

&

Small

394
394

^

Sept /

Millen & Southw 5s 1955

M&S

1961

38

Series B

99

1932-1956—J&B

Equip trust 5s 1933- 40(yr)M&S
En tr 44s *32-'44 F (yr)--M&N
Mo Pac (old)—Gen 4s 1975 M&S
Eq 64s 1933 "36 (year)_.F&A
Eq tr 6s *33-'35 (year)__J&J15
3d 7s ext to July 1938 at
4%
M&N
Mob & Birm pr lien 5s 1945--J&J

Secured 5s 1938

A&O

Valley—5s 1943

75

50

City Sou—1st g 3s 1950 A&O
Apr 1 1950--J&J
Eq tr 0s 1933-35 (year)J&J 15
Eq tr 54s 1932-38 (year) M&S
Kansas City Terminal Ry—
1st g 4s 1960 opt 1930
J&J
Kan C & Pac 1st 4s g 1990—F&A /

Plain

1004

85

1st ext 44s 1934 (1880)—J&D
Cons 6s 1913 ext at 44%

Ref & Ixnpt 5s

Stmpdaccrint at rate 4.8665

994

A&O

50

Kan

Inc 6s series B Jan 1949

6s

1st

96

75

list M 5s 1978
J&J
Kentucky Cent 4s g 1987
J&J
Kentucky & Indiana Term RR

J

Adj M Apr 1 '53 ser A

55

M&S
Sept
/

;

N

of

5% to 1940

& ref 5s

Mob &

25
6s 1933
M&N
2d M adj Inc «s 1933
M&N / 20
Midi RR 4% franc bonds
(Foreign series) 1960
J&D h $314
Midland

City Ft Scott & Memphis—
Ref g 4s 1936 guar
A&O

Income 5s Mar 1934

95

Mlddletown & UnionvUle—

Kan

K O Mem & Blr 4s 1934

83

International—

Sept 1 1914 coupon on
Sept 1 1914 coupon off
Mexican North lpt 6s 1930-J&D /

J&J

Va 5s 1955

954
100
100

1st M

lopiln Union Station—
1st g 44s 1940 guar op—M&N
K A & Gr R 1st 5s" 1938
J&J
Kal & W Pig n g 5* 1940
J&J
Kanawha Br & Ter 5s 1918—A&O
Kana & Mich 1st 4s 1990
A&O
Eq tr 6s 1933-35 (yr)
J&J 15
Kanawha & W

95

— -

Prior Hen 44s 1947
M&S /
1st con gold 4s 1977
M&S
/
Asst (cash warr & coup)

7%

294

6% notes 1936
1st 1& ref 64s 1947
Iowa Cent 1st g 5s 1938

1st

98

_

37

Eq tr 4,4s 1932-42 (yr)„A&O b
Internat Rys (Central America)—
1st M 5s 1972 opt
—M&N
1st col tr 6% notes 1941-M&N

-

36

26

J&J
J&J

1st M 5s 1956 ser O

93

_

50

414

A&O

Ind 111 & la 1st g 4s 1950

844

87

Louisville & Nashville—
39

J&J
40-year 44s Aug 1 1966--F&A
Eq tr 44s 1932-1939 K—F&A
Eq tr 44s 1932-1940 L—A&O
Eqtr4K8*32-,41M (a-a).M&N
Eq tr 44s 1932-41 Ser N-A&O
Eq tr 44s -32-'36 (yr) O.-J&J
Eq tr 5s 1932-38 ser J—-M&N
Eq tr 6s '33-'35 (year)-.J&J 15
Equip 64s 1933-1934 (yr)_F&A
Equip 7s 1932-1935
A&O
Cairo Bridge 4s g 1950—J&D
Litch Dlv 1st g 3s 1951—-J&J
Louisv Div 34s g 1953—J&J
Omaha Div 1st 3s g 1951 —F&A
St Louis Div 34<» g 1951—J&J
St Louis Div 3s g 1951
J&J
Sp'fleld Div ext 34s 1951 J&J
Western lines g 4s 1951
-F&A

Genl mtge 4s 1957—
Gen mtge 434s 1957

82

Louisville Henderson & St Louis—

414
584

Gold 64s July 1 1936

Id Blra & W ext 4s 1940
Indiana Harbor Beit RR—

100

70"

924
784

(Concluded)

1978 ser G.—M&N
1980 ser H—A&O
1st & ref 5s 1981 ser I—-F&A
Conv g 54b 1949 ser A—M&N
1st

Secured 54s

70

35

1st M 5s 1969

£

opt 1918- M&N

Ser B 5s(£100 & £200)*63J&B
Series C 44s 1963——-J&D

gold 5s 1934—-J&D
5s 1937-M&N
Equip tr 5s 1932-39 (yr)—A&O
Equlptr 6s 1932 (yr)
F&A
Montauk Ext 5s 1945
J&J
North Shore Branch—
1st cons 5s g Oct 1 1932—Q-J
L I City & F con 5b 1937—-M&N
Debenture

59

Mo Pacific RR
1st & ref 5s

90

Louisiana & Arkansas—

Pur lines 1st g 34s 1952--J&J
Jt 1st ref M (IC&OSL&
N O) 5s 1963 ser A
J&D

•

.

M&S
A&O

56

81

J&J
'51-A&0

1st M £48 1951
Tr bonds £3 ^s 1950
Coil trust gold 4s 1952

76

Debenture gold

3d M consul 5s Mar 31 '40-A&O
Illinois Central—1st g 4s '51-J&J

1st M £3s 1951

81

IF

F&A

Adj inc up to 6% Feb '57-A&0
1st M 44« 1957 conv
F&A
Huntingdon & Broad Top—
1st M ext 6s Mar 31 '40A,A&O
2d M ext 6s 1940 ser B—F&A

1st gold 34s 1951
Main L ext 1st g 34s

100

824

-—-J&J
Long Dock 6s con g 1935—A&O
Long Island—Unified g 4s'49M&S
Refunding g gu 4a 1949—M&S
Gen mtge gold 4s 1938
J&D
4s gold 1932--;
—J&D
1939 guar

1st gold 4s

83

Bid.

Bond*

Ask.

Lehigh & N Y 1st 4s 1945--M&S
Lehigh & Wilkes-B Coal—See Ind &Mlsc.
75
Lex & East 1st 5s 1965-—--A&O
79
Litchfield & Mad 1st 5s 34-M&N
66
Little Miami guar 4s 1902--M &N
Little Rock & Hot Spr West Ry—

81

M&N

Bid.

Bonds

Ask.

71

BONDS

where marked "t" and Income and deraultert bonds.

/» Dollars

per

1,000 franc bond.

A: Last sale.

I In London,

n

Nominal,

s

8%
8%
70 4

Sale Drice.

7%
82 4

n

RAILROAD
BOTIOI

-Ak

Bid,

Bonds
New York Ontario & Western—
Ref 1st g 4s June 1992
MAS
_

53

Stock trust ctft 4s 1948
N Y Pro v A Bos 4s 1942
N Y & Put 1st 4s g 1993
N Y Susq & Western—
1st refunding 5s 1937
2d mtge 4Hs 1937
Gen mtge 5s g 1940
Term 1st g 5s 1943

J&D
A&O

54

44H
93
88
82
81

Phila Wllm & Bait—
Debenture g 4s 1932

43

do

70

J&J
F&A
F&A

73"

40 H

do

25"

98

N Y Westchester & Bos Ry1st M g 4H» 1946 guar....J&J

45

55 H

101

101H

M&N
F&A
4Hs ier J 1904...M&N
4s ser D 1945
M&N
4s ser F 1953
J&D
Ser C 1942
Ser I 1963

do

do

do

Nord Ry

f 6H« I960
A&O
Norfolk & Oar 5s 1939
..A&O
Norfolk Southern—
1st & ref g 5s '61 opt '15—F&A
Norf & South 1st 5s 1941.M&N

14H
36%

15
51

102H
F&A
99 %
New River 1st 6s 1932
A&O
N & W Ry 1st con 4s '96--A&O
87
Dlv 1st lien & gen g 4s July 1
91
1944 opt Jan 1 1929
J&J
N & W Pocahontas 4s *41. J&D
91
Eqtr 4 He 1932 (yr)
M&N '
Ed tr 4Hs 1932 (yr)
A&O

TEq tr 4Hs 1933- 35—-

J&J

*

9§%

J&J

Gen & ref 5s 1974 ser A...M&S

5.50%

5.50%
100

100

Nor Ma ne Seaport 5s 1935.A&0
Nor Ohio 1st gu 5s g 1945—A&O
Northern Pacific—

55"

Prior lien g 4s Jan 1997
Q-J
Gen lien g 3s Jan 2047
Q-F
Ref & imp 4 Hs 2047 ser A.J&J
Ref & Imp 6s 2047 ser B._. J&J

80

66

69

Ref & imp 4s 2047 ser O... J&J
Ref & imp 5s 2047 ser D.._ J&J
Eq tr 4 Hs 1932 (yr) F&A16 b
^

76%
55%

70

Bq tr 4H» 1932'40 (yr)M&S15

7%
7%
97%
96%

b

No Pac Ter Co 1st 6s 1933.-J&J
No Ry of Oal 5s g gu 1938—A&O
North Penna ext'd 4s 1936-M&N
Gen g 3 3-10s 1953—....J&J

Ohio Connecting 4s 1943—_M&S
O Ind & W g 5s Apr 1938

Q-J

Ohio Riv RR—1st g 5s 1936. J&D
Gen gold 5s 1937A&O
Old Colony RR 4s 1938
J&J
3 Hs July 1 1932
J&J

^

W>
72
6%

92

72%

Northwestern Terminal RR—
1st M 5s 1977
f
Norwich & Wor—4H« 1947.M&S
Ogd & L Oh 1st g gu 4s 1948-J&J

1st M 5Hs 1944
1st M 5s 1945 series B

59

82

70

22

26

90
47

48 H

79

■86."
78H

5s

J&D If 96
85

90

98

90"

78 H

8

79

103 H
96

"i"

~5"

30

40

75

83

85

70
60

52"

47%

82%
■..

--

70

80"

80
82

90

70
85

85

—

«»

—

Mi

"

79%

83"

~5"

80
10
25

25
60

90"

100 "

73

70

76

68

80

6.25

Phlla & R—2d 5s g

98

6%
6%

6.25

mi

85

89

92

98 H

100

J&D
J&D

75H

79H

95

J&D

76
82
70 H

77H
84%

88

90

88

99%
M&N
83M
Con M 3 Ha g £ 1945
J&J If 73
Deb 4Hs 1970
A&O
64H
Eq tr 5s 1933-38 (yr)
6
M&S b
Gen equip 5s 1932-39 (yr) A&O b
6 vg
F&A

1932-39 (yr)—_A&O

*8%

Peor & East cons 4s 1940—A&O
2d cons inc 4s 1990
/
Apr
Peoria & Pekin Union Ry—
1st g 5H« 1974 series A—.F&A

52

2%

Riv & Gulf Dlv 4s 1933—M&M
St L Peo & N W 5s 1948
J&J
St Loul*-San Fran (reorganized).
Prior Hen 4s 1950 series A—J&J
Prior lien 5s 1950 series B—J&J
Cons In 4 Hs 1978 ser A.-M&S

Eq tr 6s 1933-*34 (yr)—J&J 15 b
Eq tr 5s 1932-,37(year)—M&S b
Eq 4Hs 1933J41 BB (yr)_F&A b
St Louis Southwestern—
1st g 4s 1989--

Eq tr 5%a 1932-1939 (s-a) M&S b
Equip tr 4Hs 1932-1945—J&J b

65%

5.25%
5.25%
5.25%
53

6H

M&N

2d g inc 4s Nov 1989
J&J
1st consol g 4s 1932
J&D
1st term & unif 5s 1952—J&J

JSP
100
84 H
83

65

67%
96%

23%

23%
29%

25

17%
8%

it

19
'

7

7%

60%

65

42

47

20"

5l"

8%
8%

7%
7%

97%
99 %

85

95

76

80

96 H

98%

85
75

90

53%
50%
95
98
98

Salt Lake City Un Dep & RR—
1st M 5s 1938
M&N
S A & Ar Pass g gu 4s 1943-J&J

85

97%

98 H

rued Interest,

M&N
1910—J&J

61

59
61

77

It
15
11
7%
98

76

Stamped Federal Tax
Southern Railway—
1st consol gold 5s 1994

.J&J

77%
37%
42

47%
8%
8%
8%
50

50

26"

40"

95

A&O
Tampa North 1st 5s '36 op.J&J
Temfskamlng & Nor Ont Ry Cora
i

5s 1953

Deb 4s 1939-1968
F&A
Tennessee Central Ry—
1st m 6s 1947 ser A
—A&O
Term RR Assn (St Louis)
1st gold 4H» 1939
-A^O
1st consol gold 5s 1944—F&A
f g 4s *53 op *10--J&J
Terre Haute & Peor 5s 1942-M&S
s

Texarkaha & Ft Smith
1st m 5H« 1950 guar
-F&A
Texas City Term 6s 1941-J&J26
5i 1943-—-J&J
Texas & Pac 1st 5s 2000
J&D
2nd Inc g 5s Dec 2000
Mar
Gen & ref 5s 1977 ser B—A&O
Gen & ref 5s 1979 ser O—A&O
Gen & ref 5s 1980 ser D—.J&D

Texas & N O

con

Bq tr 5s 1932-1939
-M&N
Eq tr 4Hs 1932-42 (yr)—A&O
Eq tr 4Hs 1933-43 (yr)—.F&A

75H

32
93
90

74

62H
36

65
85
37 H

62H

"8%
8%
8%

79%

Eq tr 6s 1933-1935 (yr)-J&J15
Toledo Peoria & Western RR
lstrn. 6s 1952
Toledo St Louis & Western
1st gold 4s Apr 1 1950-

A&O
gu—M&N

1st gold 4s June 1 1946—-J&D
Consol m4Hs 1966 ser A—F&A

J&D
Stpd as to Dec 1 '30 int and
S570 ret of principal
1st ref gold 4s 1952
A&O /

bond,

k Last sale.

96

J&J
58
80

TolWalh Valley & Ohio—
1st g gu 4H" 1933 ser B—J&J

Ulster & Del

h Dollars per 1,000-franc

76H

West Dlv 1st 5s g 1935—A&O
Gen gold 6s 1935
J&D
8t Mary's Div 4s g 1951—F&A

1st g gu 4s 1942 ser C
M&S
Toronto Hamilton & Buffalo—

A&O
1950--A&O

1st M g 5H» 1964
—M&S
Tol Can Sou & D 1st 4s '56--J&J
Tol & Ohio Cent 1st 5s 1935-J&J

Tol Term 1st 4H« *57

San Fran & San Joaquin Val—
1st g 5s Oct 1 1940
San Fran Terra 1st 4s

1st con g 5s gu 1937
1st ref g 48 1955 op

Gen ref

95%
99 %
95%

Pacific Ext 1st 4s £ 1940—J&J
St Paul Union Depot—
1st & ref 5s 1972
J&J

.

89%

J&J
J&J
1st cons red to 4Ma g 1933-J&J
Montana ext 1st 4s 1937-J&D
1st consol g 4s 1933
1st consol g 6s 1933—

90

.

t

lO

53

56

91"

85

Southern Pacific RR Oal—

1st

50 H

72

94
2d 5s 1918 ext to 1938
94
Q-J
Bait Gent 4s 1951-M&N
Phila Bait & Wash 4s 1943—M&N
85"
Gen 5s 1974 series B
—F&A
Gen M 4Hs 1977 ser O
J&J
78
Phila Newt & N Y 3s 1942—A&O
70
Phila & Read O & I—See Ind & M Isc.

—

Tamoa & Gulf Coast—

72'

63%

72H

53 H
47%

J&J 15
Perkiomen 1st 5s *18 ext to '38Q-J

54
72

(C P) Aug 1 '49 J&D
(Oregon
Lines)
A
M&J
Conv g 5s 1934
——j&D
40-year 4%b 1968
M&S
50-year 4%a 1981
M&N
l%a 1969 with war
M&N
Equip 7s 1932-1935 (yr) J&D
Equip 5s 1932-1939 (yr).. M&N
Equip tr 5s 1932-38 (yr). -J&D
Eq tr 4 Hi 1932-40 (yr)„ J&D
Eq tr4H« '32-41 (yr)
J&D
Pacific Fruit Express equip 7s
June 1 1932-1935 (yr)-J&D
Eq 5s '33-'39 C (yr)
M&S
Eq 5s *32-'41 D (yr)
A&O

Tex Pac-Mo Pac Term RR—

51

Eq tr 6s '33-'35 (yr)

41

1st
4H«
1977

68%

5

1st consol g 4s 1988
J&D
St Paul East Gr Tr 4M? *47—J&J
St P & K O Sh 4Mb 1941—F&A
St Paul Minn & Manitoba—

J&J

1st g 5s July 1956 Ser A—J&J
1st g 4s July 1956 ser B-J&J
1st 4Hs 1980 ser O
M&S

70

Coll tr 4s

48

93

St Paul & Duluth—

65%

.

12

82

Pacific Co

41H

ml

88

52

89
84

Southern

70
43

72
96

St Lawr & Adirond 5s 1990--J&J
2d gold 6a 1996
-A&O
St Louis Iron Mt & Sou—

77

.

55

80

98

77H

98

60

f 6s g

48

93

Richmond & Mecklenburg—
1st g 4s Nov 11948
7 VN
Rich & Peters 4Hs 1940

77""

95

Apr 12 *37-A&O 12
Sioux City & Pac 3%a 1936--F&A
Somerset Ry 1st & ref 4s '55-J&J
1st M 4s July 2 1950
J&J
South Bound RR 1st 5» 1941 A&O
S & N Ala cons M g 5s 1936-F&A
Gen cons gu g 5s 1963
A&O
So l'.ic Coast 1st g 4s 1937.-J&J
Southern 111 & Mo Bridge Co—
1st M g 4s 1951-M&N
South Indiana 1st g is 1951 -.'F&A
So Pacific Branch L 1st 6s '37A&O
s

52

1940----A&O
Equip 6s Jan 15 '33-135-J&J 15

48

87
78
74

1%

y.!?

42

80

St Johns & L Cham 5s 1944-M&S
St J Gr Isl 1st g 4s 1947—J&J

70
73 H

2

Develop & gta M g 4s '56-A&0
Develop & gen 6s 1958—A&O
Develop & gen 6%a 1956-A&O
Eq tr 6s *33-'35 (yr)
J&J 15 6
Eq tr 5s 1932-39 (s-a)
M&S b
Eq tr 4H« Oct'32-'39 (s-a) A&O b
E Tenn reorg lien 5s 1938 M&8
1st Mem Dlv g 5s 1996
J&J
St Louis Dlv 1st g 4s 1951-J&J
Aiken Br 1st g 4s 1998
J&J
L & N So Joint g 4s—See L & N
Mobile & O coll tr 4s '38.M&S
Spartanburg Un Col 4s *95- -J&J
Spokane Falls & Nor 6s '39--J&J
Spoa Internat 1st g 5s 1955.J&J
Staten Isl Ry 4Hs 1943
J&D
Stephenv N&S Tex 5s '40 op.J&J
Suffolk & Car con 5s 1952
J&J
Sun & Lewis 1st g 4s 1936
J&J
Sunbury Hazleton & W-B—
2d mtge inc 6s 1938 coup-M&N

Saratoga—

6% g bds May 1 1941—M&N
Rich Fredericks!) & Potomac—

2d

1st

4H> 1997 ser A.J&J

&

2%

F&A

6s gold July 1 1925 ext at
5% to July 1 1945
J&J

W& N A tr ctfs 4s red 105-Q-M
Jer Cent g 4s '51 op '06—A&O

1933—A&O
Imp M ext g 4s 1947—A&O
Cons ext gold-4s 1937--M&S
Term 5s g gu May 1 *41. Q-F

1st gu 6s 1935 ser B
Certificates of deposit

Shrev Bdg & Ter 5s '55 gu-.F&A
Sierra Ry of California—

....

Reading Company—

rer

12

Ry—

75

Ral & Southpcon 5s

1965---J&D
Raleigh & S W 1st 4s 1936—J&J
Rarltan River 1st g 5s 1939--J&J

Florida

1931-J&J
Seacoast RR of N J 5s '48-A&O
Shamokin Sunbury & Lewlsb'g

82

Port Reading 1st gu 5s 1941—J&J
Ports Gt F & Con 4H* 1937.- cD
Potomac Val 1st gu 5s g 1941 J&J
Prov Sec deb 4s 1957 gu
M&N
Prov Ter 1st g 4s gu 1956---M&S
Prov & Wore 1st 4s 1947.-A&O
Ral & Cape Fear 1st 5s 1943M&8
Ral & Charleston 4s 1956—F&A
Consol 4s 1956
F&A
Ral & Gaston 1st 5s g 1947—J&J

2

1st gu 6s 1935 series A. —F&A
Certificates of deposit
-

Seab & Roanoke 5s ext

St Clair Mad & St Louis Belt—
Alton Bridge 1st g 4s '51--J&J

60%

F&A




95

100 %
100

70*

M&S
F&A

/ This price include*.

-

78

M&N

4Hs g 1960

b Basis.

-

k

Atlanta-Birmingham Dlv—
1st g 4s May 1 1933.,—M&S /

A&O
M&S
Rock Island-Frisco Term Ry—
1st m 4Xb 1957
J&J
Rutl Can 1st g gu 4s 1949
J&J
Rutland con 4%a 1941
J&J

92

Peoria Ry Ter 4s '37 gu op
Pere Marquette Ry—

-

4H

5% secured notes 1931—F&A
Equip tr 6s (s-a) 1932-37-F&A
Eq tr 5%a 1932 (s-a)
A&O
Eq tr 5s 1933-1940 (s-a)-J&J
Eq tr 4 %n Jan 15*33-40(s~a) J&D

Scab-All

89

1st coll tr 4s 1949 op
R I At & La 4%a 1934

|9H

4Hs

77
100

90

B——F&A
C—-J&D
1977 ser D
J&D
Portl (Me) Term gu 4s 1961-J&J
Guar 5s 1961
J& J

Richmond-Washington Co—
Coll tr g gu 4s 1943 opt- : 7 7
Rio Gr June 1st gu 5s 1939—
>
Rio Gr So 1st g 4s 1940
u&J
1st g 4s guar 1940
—J&J /
Rio Gr West 1st 4s 1939
J&J

101

Gen g 5s Dec 1 1968
J&D
Gen m 4Hs 1981 ser D...A&O

Bq tr

'«

1st 4Hs

Richmond Term 1st 5s 1952

M&M
M&N
4s gold 1948 sterling
stamped dollar bond

15-yr 6Ha Feb 1 193640-yr 5s 1964—

87
93 %

85
70%

1st gen 5s 1974 series

91

103

Con M 4s gold 1943
do
4s gold 1948

Gen g 4Hs 1965

77

1st M 5s 1962 series

15
90

100

Cons mtge 4 Hs 1939
A&O
Cons mtge 4s 1939
A&O
Penn Ohio & Detroit RR—
1st & ref 4Hs 1977 ser A..A&O
Pennsylvania RR—

do

78

40

m

93"

-

^

81%

_

95

94

80%

Sec K 4 Us 1963
M&N
Pa&NYCanal con 5s 1939. A&O

•

80H

40

1958 ser A
J&D
4He 1959 ser B
A&O
1st M 4Hs 1960 aer O —A&O
Pitts Young & Ash—
1st gen 4s series A 1948—J&D

100H

86

„

do

86 H

1st

99

Pennsylvania Company—

tr ctfs g 3 Ha 1941
tr ctfs g 3Hs 1942
tr ctfs g 3Hs 1944

Certificates of deposit

93

1st m 4Hs

96%

87

Paris-Orleans extl 5Ha 1968 M&S
95%
0% franc bonds (foreign series)
red to 1956
—J&D h $37 H
Paterson Ext 1st 5s 1950
J&D
Paulista Ry 1st 7s *42serA M&S15
5l"

„

Pittsb Term RR & Coal—
1st g guar s f 5s 1942
-J&J
Pitts Va & Char gu 4s 1943 M&N
Pitts & West Va Ry—

"5"
81H
11H
11H
11H

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
Certificates of deposit

90

Eq 5s (J&J) 1932 aer J ...J&J
Eq 4Hs 1932-'45 (s-a) ..M&N

Pan American 1st 5s

tr ctfs g 4s 1952
tr ctfs g 3Hb 1937

-

95

Stamped

Cons mtge 4H*

St L R E 1st 5s 1938
M&N
Oardelet Br 1st 4Hs 1938-A&0
Paducah & 111 1st 4 Ma 1955-J&J

Gu
Gu
Gu
Gu
Gu

f g 5s 1959

Rensselaer

_

S f extl 7s 1958—.M&S15

96

Gen & ref 4 Hs 4997 ser B..J&J

Oregon-Wash RR & Nav—
1st & ref g gu 4s '61 opt—J&J
Pacific Coast Co—See Misc Bonds
Pacific Coast Terminals Ltd—
1st M s f 6 Ha 1948
F&A /
Pac of Mo 1st ex g 4s 1938--F&A
2d ext 5s gold 1938
—J&J

„

96

95

49

s

Gen &

Ore RR & Nav cons 4s 1946. J&D
Ore Short Line 1st 5s 1946—J&J
1st cons guar 5s 1946
J&J

34 op. .J&J
Paris-Lyons-Mediterranean RR—
Ext s f 6s 1958
F&A15

95

95%

J&D
A&O
J&J

1st

P S & L E 1st g 5s 1940
Cons 1st g 6s July 1 1943-

J&J
A&O
«&0

1st M g 5s 1934

Sav & States 1st g gu 5s 1953-J&J
Scioto Val & N E 1st 4s 1989 M&N
Seab Air Line 1st g 4s 1950-A&O

97

F&A
J&D

perp

G

100
101

Pitts & Lake Erie

1st m 4Hs 1950 series C___J&J

Ont & Que deb gu

ser

99
99

M&S

1st g 5s 1942
Sault Ste Marie Bridge—
1st M s f 5s July 1 1937
Sav Fia & W 1st 6s 1934

20

_

91%
93%
5.50%

104

Interest red to 4 H %

4* aer H

18

Eq tr 6Hs 1932-35 (yr)—A&O
Pitts McK & Y 6s 1932——J&J
2d 6s guar 1934
-J&J
Pitts Shaw & N—1st g 5s *49 F&A
Gold 4s Feb 1 1952——F&A
6% receivers' ctfs 1927—-F&A
Pittsburgh & Shawmut—

Impt & exten 6s 1934

64

4s

do

80

1st gen g 5s 1954 opt
J&J
Norfolk Ter 1st gu 4s 1961..M&N
Norfolk & Western

Northeast of S O 6s 1933
Northern Central—

1957.—M&N
I960---F&A
do
3H""er E 1949—F&A
Gen M 5s 1970 ser A——J&D
Gen M 5s 1975 ser B
A&O
Gen M 4%s 1977 ser O.— J&J
do

s

J

Con g gu 4H* ser A 1940-A&O
do
Ser B 1942
A&O

33

60

.

Bid.

Bonds
Santa Fe Prescott & Phoenix-

A&O

Pitts Oln Ohic & St Louis—

M&N

Ask.

.

Philippine Railway—
1st p 4s 1937 s f opt gu-—J&J
Pine Creek guar 6s 1932—--J&D
P B & L E con g 5s 1947
J&J
Pitts Char & Youghiogheny—
Gen mtge gtd 4s 1932.- -A&O

79%
60

A&O

Bid.

Bonds

Alt.

4 1%
90
86
80
79

Registered $5,0)0|0 only— —-

Gen M g 4s 1955 red
J&D
N Y Pa & O p 1 4H« 1935-M&S
N Y Phil & Nor—lit g 4s *39 J&J
Income 4s Jan 1 1939
M&N

BONDS

except where marked "f ' and Inoome and defaulted bonds.

bond prices in "and interest

cons

2 In London,

n

79

64?
75

5s 1928

Nominal,

r

48

41%

Sale price.

RAILROAD
HTOTIOX

■All bond prtcei art

Bonds and Stocks.

Bid.

Union Pacific¬
ist ry & land gr 4* g 1947
J&J
1st & ref 4a June 2008
M&S
1st & ref 5a June 2 2008--M&S
40-year 4%s 1907
J&J
40-year 4a 1968
J&D

rr

Bangor Aroostook com
Beech Creek (guar

0.25
0.25
6.25

*&0

79%
5.50%
5.50%

115

117

5.50%

Boston & Maine com (stpd)-.lOO

6

8

5.50%

1st preferred O unstamped-100
1st preferred D unstamped .100

75

80%
80%

1

Canada Southern

-

"2%

1%
80

Co—

38
85

Virginia Mid

82%

95*

50

37

79
38

lat M gold 5a 1962
opt—.M&N

85%

86

1st m

73

87H
6%
6%

gen 5a 1930 —M&N
Va & Southwest 5a 2003
J&J
1st cons g 5a 1958—
A&O

Virginian Railway—
4%s 1962 ser B—M&N
Eq tr 4%s 1933-1940(yr)._J&J b
Eq tr 5a 1932-1938 (yr)—M&N b
Wabash RR—1st g 5a 1939.M&N
2d gold 5a 1939
F&A
-

Deb mtge 6a series B 1939. J&J 1
1st lien term gold 4a 1954.J&J
Ref & gen 5 Ha 1975 A
M&S
Eq tr 0a 1933 35 (year).J&Jl£

7%

7%
71

72

35

50

70"

"8%

10
90

90

* 1932-42 (yr)
A&O
ext iBt « 5s '41. J&J

72"

M
g 48 1939-J&J
Toledo & Chic 4a
g 1941.-M&S
Omaha Dlv 1st

79

32

55

46%

70

32

40

9

*41.A&O

Common stamped

5%

Mississippi Central

140

24

28
45

40

14%
63

If*
66

58

62

62

65
30
30
32

26
26
28
47 %
12

....

7
8

New York Central RR-

Dividend payable in London..
100

i8-

105

F-5.F.

100

86"

Washington Co Ky.lstg guar
3Ha Jan 1954 op 1424—u-J&J

3

Adjustment preferred

72"

78"

jd
3 d

57
32

60
34

5

83%

1

70

75

12

19

) d 115

i

56%

1st & ref 5 Ha 1977 ser A—J&J
West N Y & Penna 5s 1937..J&J

58

59

•

60

96%

9S

78

80%

RR preferred
]
Dayton & Mich com (guar).
Preferred (guar OH&D)..
Delaware & Bound Br (gu® C)-

lat M 5a 1940 aeries A
M&S
Eq tr 5H» 1932-38 (yr).rJ&D

38

40

85

95

Delaware & Hudson Co
fci
Delaware Lack & Western,

West Ry of Ala 1st 4Ha *68 A&O
Weat Shore lat la 2361
J&J
W Side Belt lat g 5a 1937-M&S

67%

W Va & Pitta 1st 4s

1990—A&O

RR—
1st consol gold 4s 1949—-M&S
Ref M 4Ha aeries A 1966.M&S

71
50

Delaware-

16

66

16%

-

75"

Denver & Salt Lake.

d

55
60
—

mm

-

io"
75
80

58%
93

4s 1940
F&A
White & Black River Valley—
lat 5a 1980J&J

95"

Preferred

East Penna (guar
Elrnira & W'msport? (guar)
Preferred (guar Nor Cent).
Erie—Common

65

-

%
%

]

—

d

35

53
40

50
6%

55
7

70

Wichita Falls & Northwestern—
lat 5a Jan 1939...J&J

8
d

50

8
60

50

55

4

22%

75

J&D

80"*
80

Gen g 5a Aug 1 1932—
Wll & Wei gen g 5a 1935

J&J

92"

Gen mtge g 4a 1935—

J&J

90

Wlnaton-Salem Southbound—
lat gold guar 4a I960
J&J
Wlnaton-Salem Terminal Co—

78

Q-F

65

1st preferred

2nd preferred
St Louis-San Francisco Ry

142"

com

Alabama Tenn & Nor
Preferred

com

-

50 d
50 d
100
100

Alabama & Vlcksburg—

100
Albany & Susquehanna (guar) 100
Alleghany Corp
(t)
Pref (with 530 warrants)
100
Pref (with $40 warrants)—100
Pref without warrants
.100
$40 warrants
Allegheny & West (guar.)-—100
Atch Top & Santf, Fe
100
Preferred
100
Atlanta Birm & Coast pref—. 100
Atlan & Char Air L (guar)
100
Atlanta & West Point
100
Atlantic Coast L Co of Conn..50
Atlantic Coast L RR com
100
Atlantic 1st (eased lines rent tr
—

Augusta & Savannah (guar)..100

b Basis.

25

140
1

d

1
2

2%
2

160"

4
9

30^
18%

d

...

Southern Ry common..
Preferred
Mob & Ohio stk tr ctf*

100
100

Southwestern of Ga (guar)

12%

Tennessee Central Ry com

15%
28%

d

Preferred vtc
Illinois Central

Southern Pacific Co

46

12

Huntingd & Broad Top vtc.

22
25

23

100
(t)
100

....

—

*
L

T*

Convertible preferred

32

Texas & Pacific

~3"

100

&
52

Iowa Central.

%
125

175
85

SO

100

7

15

87

100
Preferred
---100
United N J RR & Ca»ial (gu)-100
Utica Chen & Susq Val (gu)-100
Utiea Clinton & Binghainton.100
Valley RR (N Y) (guar)
100

%

75
_.

100

Union Pacific—Common

7

Vermont & Mass (guar)
Vicksb Sbrevep k Pac com

100
100

55

if*
179
72
15
75

75

14
60

x

7%
17%
63

Virginian Railway com.

100

45

10

Wabash Railway
Preferred A

100

2

100

d

d

9%
-

-

-

-

d

70

73"

d

31

34

/

Preferred

100

...

Preferred B_.
100
Warren N J (guar D L & W)_ 50
Western Maryland Ry com...105
1st preferred

2%
2
45

4%

100
100
100
100

25

West. Jersey & Sea Sh—Corn. 50
Wheeling & Lake Erie Ry
100
Prior lien stock 7%
-.100

45

-

2d preferred
Western Pacific RR Corp
Preferred

19
82

58

/ This price includes accrued interest




(nternat Rys (Cent Am) coml
Com vot trust ctfs....

K O St L & Chic—Pref
(gu)

—100

%

Troy & Gr'bush (gu NYC).. 50
Tunnel RR of St Louis
100

25

52

85

Deposit roceipts—

75

Id 72

4

Seahoard xYlr Line common... 100
Preferred
100
Sharon
50

65

18

3

Saratoga & Schenectady (gu>

60

d

5%
40

12

150

50

50

87

14

03%

60
140

50

50

18

Little Miami original guar—Spec guar betterment stk..

75

63%
72%

132

11

19%

F
Lackawanna RR of N~J!
F

d

95
103
120

.

100

43%

4

40

23

103

8

Preferred
311!
Hartford & Conn Western....

1

150

8%

22%
21

2

::::

20
35

9

100

30

89%

Par

40

110

5%
5%
10%
10%

.100

:

Preferred

13%

127
43

—

,;

Deposit receipts

Stk tr ctfs—See RR Securs Co

Ala Great Southern
Preferred

100
100
100

0% preferred-

....

Great Northern Ry—Pref

lat M gold 5a 1960
A&O
Wla Cent Ry—lat M g 4a '49 J&J
31H
35H
lat & ref 4a 1959-A&O
17
Marshfleld & South East Div
pur mon lat g 4a 1951—M&N
Sup & Dul Div 4a 1936—.M&N
33
28 H
Worcester Nash & Roch—See Bo ston & Maine.
Yosemite Val a f g 5a 1936..J&J

RAILROAD STOCKS.

57
110

St Louts Southwestern

d

f

75

135""

Georgia RR & Bank Co (gu)..
Georgia Southern & Flo*4da_.

7

Roch & Genesee Val RR
100
Rome & Clint (gu D & H) —100
Rutland pref
100
St Louis Bridge 1st pref
—100

5
15

23""

70"

-

7

—

8%

)d

Erie & Kalamazoo (guar)
Erie & Pitts (guar Pa RR)

lat & ref g 5a 1940 opt
J&J
Wichita Union Terminal Ry—
lit g gu 4%s 1941 opt
M&N
Wilkes & E 1st g 5a 1942—-J&D
W1U& S F lat 5a g 1938
J&D
Wilm & Newb 4a 1947
F&A
Wilm & Nor lat 5a 1927 extended

100

4% 111 Cent stk ctf 1952—1000
Reading Company
50
1st preferred
50
2d preferred
50
Rensselaer & Saratoga (guar). 100
Rich Fred & Potom—Com—100
Dividend obligations
100
6% guaranteed
100
7% guaranteed-.
100

%

50

)d

100

Railroad Securities Co—

"%

)d

1

-

15%
2%
65

-100

com

Pittsburgh & Lake Erie
50
Pittsb McK & Yough (guar)-- 50
Pittsb & West Va common
100
Pitts Youngst & Aaht pref.—100
Prov & Worcester (guar)
100

4%

~

Wheeling Terra

J&J

—

50

Ref gold 5s series B 1966.M&S
Eq tr Ca Jan 15 1933-35 —J&J

2d 5s 1936

17%

,

Wheeling & Lake Erie

99

Preferred--.
50
Pitts Cine Chic & St Louis—100

32

_

68

Pitts Ft W & Chic com (gu)—100
Preferred (guar Penn RR) —100

v

30
3%

)d
yd

14

50

Prior preferred
9%
100
Phila Germ & Norris (guar)-. 50 d 109
175
Phila & Trenton (gu Pa RR).10()
28
Pittsburgh Bess & Lake Erie— 50

30

145
70

Eastern

Marquette Ry

Preferred

20~"

27

62
135
68

;

80

20

Pare

d

,

e

40

Peoria &

^

id

Cuba

73

4%% to 1977

—

10

Gen mtge gold -4a 1943
A&O
Income g 5a Apr 1943.--Nov ] /
Western Pacific RR Corp—

95
68

50

9%

o

Preferred

76
1

■

~8"

j'

7

1

108%

50
60

(t)
Peoria & Bureau Val (guar).-100

110
92
89

12*

Paterson & Hudson River—;»

18

8

73
40

Patereon & Ramapo
Pennsylvania RR
Pennroad Corp vtc

13%

)

1st 4 Ha 1947
.....-rF&A
West Jersey & Sea Shore—'
"
Oonsol gold 4s 1930
J&J
Cons 3Ha g aeries B 1936.-J&J
West Maryland 4a 1952
A&O

—

85

§

4%
dl06

55
Ogden Mine RR (gu Cn N J) .100
95
Old Colony (gu NYNH&H).-100
WHO
Ontario & Quebec
100
Oswego & Syrac (gu D L & W) 50 d 50
50
Passaic & Del Ext
100

Cleve Cine Chicago & St L...

90

25%
Id 37

100

....

North Pennsylv (gu P&R)— 50
Norwich & Worcester pref—100

90

3

85

-100
100
100

North'n N H (guar B & M)—100
Northern Pacific Ry
100
North RR of N J (guar Erie) .100
Northern Securities Co stubs

52

3 i

14%

50 i 120

No Carolina (guar So RR)- _100
Northern Cent (guar Pa RR). 50

140"'

80
45
80

3

Washington & Vandemere—

g

lid"

)

55
28

100

Norfolk Southern
Norfolk & Western Ry

3

—

76%

4%

IF

100

N Y Ontario & Western

6%
10%
8%
15H
12%

11%

100

Cleve & Pitts (guar Pa RR)
Betterm't stk (guar Pa RR)

Wash Term
Co—3Ha 1945.-P&A
1st gold 4a 1945 guar
P&A

4%
11%

100

7% preferred

2%

iF
iF

__

—

N Y Lack & West (guar)
N Y New Haven & Hartf

8
70

2%

100
Preferred
100
Chic R I & Pacific common.. .100
7 % preferred—# %.
100

(gu)

com

Preferred

3

2

100
50

6% preferred
N Y & Harlem

3

65%

1%
5

N Y Chic & St Louis com

45

(t)

Preferred.

iH
9

100
100
100
100

New Orl Texas & Mexico

12

1%
2%
7%

—

com
100
Preferred
100
Chic Ind & Louisv common...100
Preferred
100
Chic Milw St P & Pacific-

6% preferred—LT.
Chicago St Paul Minn & O..

47

100

New London Northern
New Orleans Great North

5

Chicago Great West

Preferred

30

National Rys of Mex 1st pref-100
2d preferred-.-...——...100

63

18

.

Chic & East Illinois common. 10C'
Preferred
100

Chicago & North Western.

5

d

'

50
Cayuga & Susq (gu DL&W). 30
Central of New Jersey
—100
Chesapeake Corp
;—(f)
Chesapeake & Ohio common.
25
Chicago Burl & Qulncy
100

Common

700
d

Preferred-i.
-00
Mobile & Birm pref (guar)
100
Mobile & Ohio—See Southern Ry
Morris & Essex (guar)
50
Nashv Ohatt & St Louis
100
Nashv & Decatur (gu L & N). 25

T%

Preferred

* Last sale

I In Loudon

n

Nomtual

.«Sale

uric*

y

6%

Ex-rights,

50
11

■

1

20*
475

30

Mo-Kan-Tex RR com—(no par)
Preferred i i
--v* -.—-100
Missouri Pacific com
100

132%

100

-

17%
45

100

4% leased line ctfs

■s

6%
6%

4s Mar 1948
Q-M
Wash & Oolum Rlv
4S-1935-.J&J

at

45

(guar)_5o

14

Ref & gen 5a 1976 ser B..F&A
Ref & gen 4%s 1978 ser O. A&O
Ref & gen 5a 1980 ser
D..A&0
Warren lat refg 3 Ha 2000—F&A

WabaahRy—

21

25"

100 Id

Oatawlssa RR—1st pref
2d pref (guar P&R)

35

10
x

100

d 400

d

Minehill & Schuyl Hav (gu)— 60
Minneapolis & 8t Louis
100
Minneapolis 8t P & S S M—100
Preferred.
100

12%

10

Oaro Clinchfield & O com 4%.100

70
70

50

10

-.25

Preferred

—

Preferred

15

100

Canadian Pacific

30'

100
100
100
50

10

preferred A stamped
1st preferred B stamped
1st preferred O stamped
1st preferred D stamped
1st preferred E stamped.
Preferred stamped
Bost & Prov (guar Old Col)—.100
Boston Rev Beach & Lynn—100
Brunswick Ter & Ry8ec Co—(t
Camden & Burl Co (guar)..—2

75

OB a* —

Maryland & Pennsylvania
Massawippi Valley Ry
Michigan Central
Midland Valley com

12

C 1st

F&A

Preferred

40""

90

15""

B unstamped-100

40

90

—100
100

Maine Central

20

preferred E unstamped-100
Pi hr pref

02%

60
50

All.

35

100
100

Louisville &

1st preferred A unstamped-100

91

34

g

01%

Bid.

Par.

Ooal(gu) 50
(guar)—100

Louisv Hend & St L pref
Nashville-.
Mahoning Coal RR
Pref (guar L S & M 8)

70

33

Preferred

1st preferred

M&N

23

65

30

M&S
& Pacific—

3Ha

20

50
100

Pr lien 0a '15 ext
5% '40—M&N
Gen 5a May 1 1941
M&N

&q tr.
Ret

Preferred

N Y O)
60
Belgian Nat Rys Co
American shares partlc pref.
Boston & Alb (guar N Y 0)— 100

90

J&J
July 1914 coupon on.
r
July 1914 coupon off
r
1st gold 4Ha 1934
assenting... 1
Vermont Vail lat4Ha 1940—A&O

VickaburgShreveport

19

83

6.25

rr.G^n™l8t.g 3^8 Mar 1 '51-M&S

1st MafCa 1958

18H

80

Utah Fuel—See Ind & Misc.
Utah & Northern—
1st 7a '08 ext at
4% to *33-J&J
Uilca Clin & Blng 5a 1939.—J&J

Vlcksburg Bdge & Term

Stocks.
Lit Schuyl Nav RR &
Louis & Mo Riv pref

Ask.

100

98

United N J Kit & Canal CoGeneral gold 4a 1944
M&S

Series B 1957
Vera Oruz& Pacific RR—
1st gold 4 Ha 1934
opt

Bid.

13 H

w*
75..

73

STOCKS

13 %

80
99

Union Terminal Co (Dallas)—

Vandalla RR—
Cong 4s 1955 aeries A

Par.

02%

J&D

1.,t ?£8T1942 OP* 1922

Stocks.

Ask.

92

Eq tr 4%» *32-'38 (yr)
M&N
'«(* 4%s Sent 15*32- 39-M&S 15
Eq tr 5a 1932-*37 (yr)
M&S

tL7§ 1932-*35 (yr)

AND

Bait & Ohio—Common—.—100

—

n

BONDS

"and interest" except where marked "t" and Income and defaulted bonds.

5

1%
3

100

t No par value.

800

Btooks and Bonds.

Per

J

American British &

$0

2

S3 preferred

*

_-(T)
F&A

Preferred

*

cl A

s

23

10C
(f)

Class B

24

2*

American & Continental Corp

Series B

2%

Fourth Nat'l Investors w

2H

(t)
J&J

Preferred (with warrants) ..100
Deb 5s Feb 1 1952 without warr
General American Shares class
General Equities
12

8

1

$3 preferred

35

40

1*
2*
*

Amer Insuranstocks Corp

(t)

Amer Investors Inc com B

12*
1*

Warrants

2*
2*
*

*

(f)

Preferred

._

"3*

Associated Stand. Oil Shs

M

Atlantic & Pac Int com w w__(t)
Preferred w w
50

17

Guardian Investors com

Huron Holding

Scrim

2*

(t)

com

Warrants
Preferred

* d

Atlas Utilities common

* d

$3 preferred A__

17*
5*

23

35

37

5*

1*

Warrants

Aviation Sec Oorp of N E

2

.(f)

IX

Bancamerica-Blair Corp
Bancomit

Corp
com
Bankers Nat Investing com A
i
Bankers Sec Corp of Am

16

H)

17

1*

(+)

3*

Corp

Basic Industry Shares
Beacon Participations Inc A__
British Type Investors
(

Capital Administration cl A
Class B

1.10

5*

5

(

*

(

22*
71*
71*
13*
*
18*
*

0% cum pref ser A
50
5a series A 1953 with warrants.
Without warrants
Cent Nat Corp class A
Class B

Century Trust Shares
Chain & Gen'l Equities Inc....

1.20
1

24*
75
75
16

1*

"8

22

0*% Pref

20c"

Chain Store Invest Corp new....
Preferred

20"

Chartered Investors
Preferred

42

...

4~~

2

...

46

*

Chelsea Exchange Corp cl A
Class B

Preferred

25c.

Debenture 5s May 1
Without warrants

50"

55

50

1942

55

7

2*

3*

1

2

10
(t)

1

1 *

(t)

6*% preferred
100
6% preferred
-100
Debenture 5s 1947
J&D
Internat Securities Tr of Amer—
Secured gold 6s 1933
Secured gold 6s 1943
Secured gold 5s 1933—
Secured gold 5s 1943
Investment Co of Am com —(t)

100

7% preferred

(t)
Investment Trust of N Y coll A..
Invest Trust Associates com._(t)

Invest Fund of N J

Investors Equity common
Debenture 5s series A 1947

(t)

B 1948 with warr..

-iH

Corporate Trust shares old series.

1.95

AA

1.90

Accumulative series

1.90

Series

B

O

...

...........

Low-Priced Shares

National

*

"5"

"5*
5*

5

*

«+)
-—-100

Investors.

Preferred...

Corp—

72*

National Re-Investing

14

17

Nat'l Short Term

80

84

National Trust Shares....

14

17

Nationwide Sec Co tr

75

80

New Jersey

5*s 1938
drum & Forster Inc B_.

8%preferred
10

....100

7% preferred

3*

Cumulative Trust Shares

Deposited Bank Shares ser NYDeposited Insur Shs ser A
Deposited Bank Shs N Y ser A__

2.90

V

3*

~W\

X

2*

3*

0*
2.35

C shares

4*

shares

ctf B.

Bankers Securities...
Shares

N Y Bank & Trust

Niagara Snare Corp (Md)
Conv deb 5 *s 1950
North & South Amer Corp
North American Trust

2.65

4*

-----

cl A(t)

-----

*
20]

21

(t)

Old Colony Invest Trust com.(t)
Debenture 4*s Feb 1 1947-—

Debenture 4*s

* Last sales




*

not per cent,

t New stock

50
50

60

*
11*

7*

12*
12*

47

48*

83

Ex-w arran t8_

12

3.70

3.25
4

"ji
55
58

1939
F&A 15
Standard Oil Trust shares A —

83

86

83
1

86

10

15
4*

Sterling
$1.20
$3

"i*
55

~eF°

55

59

55

8

(t)

B

preferred
conv 1st pf

IX
20*
2*
2*

50

cum

Super

4*

■--

Sec com A

Common

3

3*
3*

3
41

State St Invest Corp

86

83

3*

Class B

86

Corp of Amer class A

Class B
Class C

5
_

.

—— .

.............. -

Olftss

4*

^

14

Investors...._(t)
Trl-Contineotal Corp
—(t)
6% cum pref
100
Third National

Warrants

2*
48*

-

Trusteed Amer. Bank

65

~3*

shares

Series A,

Trusteed NY

(5

m

Bank shares

Trustee Stand Invest ser

2

O

1.95

Class D

"3*

"2*

2X
2*
2*

2*
3*
2*
17*
*
28*
4*
2*

2

15*
*
27*
3*
-

Trustee Standard Oil
Series B
Trustee Standard

shares A—

"2*

2*

Twentieth Century Fixed

United Founders

2
—

U S & British Internat
Class B_.
Preferred

lX<i,

S

47*

ctf A—

J3*

5*

U S Elec Light & Pow tr
Trust ctfs ser B

3*

U S Elec Pow Corp com w

15c

30c

Warrants.

4*

U 8 & Foreign

2
69

1*

2*

*

4

M&N

1948

1*

"i

t.

class A.(
-

3*

1

common.—(t)

1-70th_
United Bank Trust

Deb g 5s

67

2*
8%

Tr-

United Fixed Shares

"I*

"I*

"2*

Two-Year Tr shares

....

1*
1 *
5*
3*

m

——

Util Shs

Trust Shares of America

United Insur Trust.

2.45

war(t)

...—

m_(t)
Securities com_(

4lM

—(f)

$0 1st preferred

r~(t;
U S Overseas com with war
Certificates of deposit
U S Shares O 3

2.10
2.10

2.30

H

2.30

6*
6*

—

F

A 2

*
1*

1

;

11

(t)
(t)

Deb 5*s

"7*

6*
3*

2

Bond & Share—

Common B

3*

Universal Trust Shares
Utilities Hydro & Rails

4

u Ex-liquidating

4*
4

m

50c.
1*

Shares

dividend, v Ex-stock dividend,

6*

3X
2*

-

Utility Equities Corp com—(f)
$5.50 priority stock.

Dec 15 1952—

Price per share

3.90"

6

$3 preferred allot certificates_ _
Spencer Trask Fund Inc
(t)
Standard All Amer Corp
Standard Amer. Tr. shares-...—
Standard Ooll Trust shares
Standard Holding Corp cl A__(t)
Standard Investing Corp com.(t)
$5.50 preferred
(t)
Deb 5s Mar 1 1937 with warr—

2". 15

shares

No Am Utility Securities com

Eastern Utilities Investing Corp—
Common A
(t)
Deb 5s 1954 with warr MAS 15

Sec com A..(t)

Class B

7

Trustee Shares A_.__

B shares

3*

X

3~50

(t)
1942
1952
1952

Common A

IX

Warrants..

Credit Alliance class A

t No par value

*
1*

*
1

3*

Shares

Major Shares Corp——
Investors.i
"§" Metal & Mining Shares com—(t)
1* Mohawk Investing Corp
Mutual Investment Trust
2.05 Mutual Management com—----2.05 Nat Industries Shares ..——--

Corporation Secur Co of Chicago
Common
(t)

drum & Forster Insursh B

Southern

39*

—

6s with warrants
Shenandoah Corp common—(t)
Convertible preferred
.50

2

ii
42

Trustee sh_
Association
(+)

5s

2.24

38

(stamped)

4*s

13*

6*

Massachusetts

(t)
100
100

_

5

12*

Series

2*
12

100

Continental Shares
Preferred B
Convert ible preferred:

1*
7*

7*

(t)

Ctfs
insuranshares & Gen Mgnt
Insurance Securities Co

—(t)
Convertible preferred....—-50
Leaders of Industry—Series A—

2

Continental Metropol Corp..
Continental Secur Corp com_.(t)

(unstamped)

Shawmut Bank Inv Trust

2.15

Investors Trustee

(t)

(t)

Allotment ctfs

Joint Investors class A

Colonial Investors shares
Commonwealth Trust Shares

2*

$5.50 prior stock

1.90

ser

2*
5X

....

— .... —

Selected Industries com

Incorporated Investors
(t)
Incorporated Investors Equities.
Independence Trust Shares —(t)
Indus & Power Securities Co.-(f)
Insuranshares Co. of Delaware..1

Without warrants

*

12

6

85"

Selective Cumulative Shares
Selected Income Shares

10

4*

$6 preferred
Selected Amer shares

*

*

17*

Deb 5s

1

14

40"

J*

30

I

Securities Corp General com
$7 first preferred

46

Common B
4

"7*

....

unit ctfs(t)
—-——(

Preferred

4*

15*
1*

__(t)
$5.50 pr pref without warr_.(t)
Deb g 5s Jan 1949
F&A
Deb g 6s 1940 B with war
J&J
Int Sec Corp of Am com A
(t)

4

*

44"

A.

$6 pref 2d ser with warr

3*
2*
3*

6% preferred
Second Nat Inv Corp

8

6

J*

rnsull Utility Invest com

Preferred

Banklnstocks Holding Corp
(T)
Bankstocks Corp of Md cl A—(t.)
Class B
50
Preferred

*
15

Shawmut

(t)
10

21 .v.:

IX

Corp A com__(
——(

B com

25

Insuranshares

13

50

Selected Management

Corp——.

Hydro Elec Sec com
5% preferred class B
Illuminating Shares class

15)1

6% preferred units
...
Royalties Management A

Allotment ctfs

$0 units
$3 units
$7 preferred
—
Debenture 5s series A 1948
Gude Wlnmill Corp

17*

Units

D

1956

(t)
(t)

Preferred

Amer. Util. & GenT Corp A
Class B v tc

20"

18"

(t)

Convertible preferred

Amer <ft Overseas pref

Diversified

10

Preferred
Guardian Investment

7.60

—

Representative Trust Shs

Common

pref—
Exchange-(t)
Granger Trading Corp
—
Greenway Corp com

Preferred

Research Invest common—.....

*

Pref. allot, ctf. 25% 1st

13*

7.10

com A(t)
.............-(t)

Common B

2*
50*

14*

Globe Underwriters

&

Reliance Internat Corp

4

s

(t

$6 pref with warr
German Credit & Invest.

170ths

1-16

13

s

...—-—

Second Int Sec

86 first preferred
Gen'l Realty & Utiities com—

3*
*

(t)

preferred

Warrants

General Public Service com..—

7*

Amer & Gen Sec com class A_(
Common class B

A

3*

w(t)

warrants, (t)

Common without

—

11

Convertible preferred
140ths

Banal cilia

class A

7

—

A.. — -

Public Utility Holding com w
S3

10*

10

Power & Rail Trustee shares...—

19*

67
10
11-16

Securities Trust(t)

Public Service Tr shs ser

49

9-16

. _ _ .

Power & Light
Warrants

~3X

General American Investors..

eP

5(
5(

10*

2*
6*
5*
17*

3*

Class B

n4

.

Atlantic Securities

w—(t)

Fundamental Trust shares A—-

Amer Founders Corp common
Warrants.

6% preferred
7% preferred

Preferred

Warrants

J*

48

6s 1943
Amer. Oomposlt Trust Shares-Amer Elec Sec partic pf

2.75

T"

66
5

Phoenix Sec Corp..

*

—.16

47

pf_100
CD
Deb 5s 1948 without warr..J&J
Petroleum Trading Corp A......
Second preferred

2.40

Financial Investing N Y
First Invest Co of N H pref A(t)
Five Year Fixed Trust sharesFixed Trust Shares series A

8*

*

Overseas Securities

13*
*

Pacific investing Corp 1st

49

10

Proforrod

40*

(t)
(t)

-

$6.60 prior pref

American European Secur..
Coll tr ■ f 6s 1958 ser A

4*

M

-

Equity Trust Shares A
Federated Capital Corp com

I's*

44

X

Amer Cities Pow & Lt

(f)

Units

Cont com_(t)

preferred

Deb g 6s 1953
Amer. Capital Corp A
Class B

com.(t)

7*

11*

shares——(t)

1st serial trust

pref with warr
Equity Inv common

Am Bank Stk Tr 8hares

Trust Associates—

Old Colony

share

5

Oil Shares units................

*6 conv

2*
10

6*

share.

""*

Elec Shareholdings Corp

11

8

Ask.

Bid.

Par.

Per

Preferred

35

30

Stocks and Bonds.

Ask.

Bid.
Per

Equity Corp com...
Stamped..

JX
38

33

preferred—-

$3 convertible

Par.

share

ABC Trust series E

aldred Invest Tr 4*s Dec 1907-1968
All Amer Gen Corp
20
Alliance Investment Uorp—_(t)
Allied Int Investing Corp com.(f)

Stocks and Bonds.

Ask.

Bid.

Par.

bonds.

marked "f" and Income and defaulted

"and interest" except where

NOTICE.—-All bond prices are

1*

47*

x

Ex-dividend.

:

'

:

Utilities

Public

(Includes etreet and electric railways, gas, electric

power, water, telegraph, telephone and bridge companies.!

■OTICK.—All bond prlota art "and Interest" except where marked "f" and (noome and defaulted bond».

Bonds.
Adriatic

Bid.

Electric Oo

Bonds.

Ask.

Extls f7s 1952

A&O

80*

Alabama Power 1st 5s 1946 -M&8
lst&ref 5s 1951
J&J

95

91

1st & ref 5s 1956
M&N
lst&ref 4 *s 1967
J&D
1st & ref 5s 1968
M&S
Alabama Water Service Oo—

91

1st mtge 5

82*

94

92*
92*

69

gu

61

B eaver Va Tr gen g 5s
1st conv m 5s 1950

24

WA

'

35

75

85

35

37

3

4*

11

33*
77*

78*
31*

1st mtge 5s 1958
A&O
Berlin Olty Elect 6*s 1951—J&D
Sink fund deb 6*s 1959—F&A
Deb 6s Apr 1 1955
A&O

34

Deb g 5s 2030
M&S
Amer G & E deb 5s 2028—.M&N
Amer Gas & Power Oo—
Sec deb 5s 1953
M&N
Secured deb 6s 1939
J&D
American Natural Gas Corp—
Deb 6*s 1942 with war._A&0

95

-

3*

s

9

34*
80*

s

s

26

29*

35*

Binghamton (N Y) Gas
1st 5s 1938
A&O
Binghamton (N Y) L H & P—
1st ref 5s Feb 1946—A&O
Birmingham Elec Oo—
1st & ref 4 *s 1968
M&S
Birmingham Gas 1st 5s '59 .M&N
4*% notes Oct 1 1932
Birmingham Water Works Oo—
1st m 5*s 1954 ser A
A&O

27

36*

3*
65*

4

66*

57*

59*

39

40

97

98

101*
99*

102*

102

103

99*

99*

25

!

30
20

15

65

94

92

65

93

67

90

5s March

60

63

M&N
Appalachian Power 5s 1941J&D
7% gold bonds 1936
F&A
Deb gold 6s 2024
J&J

90

90*

1st & ref 5s 1956

Appalachian Gas Oorp—
Oonv deb 6s 1945 ser A..M&S
Oonv deb 6s 1945 ser B
M&S
Ardmore St Ry—See Phila Oo,
Arizona Edison 1st 5s 1948
J&J
Arizona Pow 6s '33 opt *13.M&N
1st 1 & unif 6s 1947 ser A. M&N
Ark & Mo Pow 1st 6s 1953—J&J
Deb 6*s 1935
M&N

Arkansas P & L 1st 5a 1956. A&O
Arkansas Western Gas Co—
1st 7s 1939 with warr

97*

Extl 1st

10W

55

53

55ii

46
54

81*

82

J&J

35

50

Arkansaw Water 1st 5s 1956. A&O
Ashland (Wis) L & Pow St Ry.
1st M gold 5s 1939
J&1

77

98*

94

95

Ashtabula Water 5a '56

75

83

.—A&O

Assoc Elect 4*s 1953
J&J
5s Jan 11961
J&J
Associated Gas & Elec Co—
Oonv deb 5 *s 1977
F&A
Oonv deb 6s 1999
Oonv deb 4 *s '48 with warM&S

90

84

79
88

82

89

96*
91

93"
89

M&S

98

F&A

97

98*

66

70

78

J&J 15
A&O
F&A

s

46

56

30

30*

27

25*

26

27

28*
26*

29*
26*

39

deb 5s 1942A&0;
M&S
O.M&N

A&O

Associated Telep & Teleg Oo—
Deb 5*s 1955 ser A
M&N

42*
48*
44*
60*
63

Atl Oons St RR—See Ga Ry & El
Atlanta Gas L 5s g 1947
J&D

4*% notes Mar 15 1933.M&S
Atlanta Nor Fly—See Ga Ry & El
Atlanta Wat. El & Pr 5s 1943 J&J
Atlantic Ave RR—See Bkn R T.
Atlantic Olty El 5s 1938
M&S

M&N

lst&ref 5s 1956
A&O
Atlantic Olty (N J) Gas—
1st g 5s Jan 1 1960 opt '20- J&J
Atlantic Oo Wat 5s '58
AM&S
Atlantic Pub Serv Oorp—
1st lien 5*s 1953 ser A
Deb 6s 1943

7&A
F&A /
Aurora Elgin & Chicago RR—
1st & ref g 5s 1946 opt
J&J
A E & O Ry 1st g 5s *41 A&O 15
Bait & Ann S L—See Md El Ry
B Sp Pt & Ohes—See Un Ry & El
Bait Traction—See Un Ry & El
Bangor Hydro Elec 5 *s '49.M&S
1st Hen & ref 5s 1955
Bangor Ry & El 1st 5s '35—J&J

95

44

62

63*

98

f3is

60

-

l»t gold 5s 1942.
—F&A
Buffalo Ry—See Internat
Ry—
Burlington (Vt) G L 5s 1955.J&J
Burlington (la) Ry & Light—

-

94

97
96
93
75

1st s f gold 5s 1932
opt...M&S
Butler Water 5s 1957 A
A&O
Butte El&P 1st s f 5s
"32-'51 J&D
Oalifornia Electric

98*

•'

88

92

78

95"

98"

/ This price includes accrued interest

102*

88

92

w2mgo,d

73

76

80~~

1942
A&O
&aLt l8t 5a 1943.A&O
Water

Service 5s 1958.A&0
O&lumet Gas & Elec Oo—
1st & ref 5*s I960 ser B..J&J
Oalumet & South Chicago
Ry—
M rehab g 5s *27
op '12F&A /

*£Ust sale,

«

f

dATwift.

Nominal,

A

13

J&J

12

24

41*
41*

Feb 1927

7

7

J&D

4
4

5
5

May

2

2

15
13

J&J

f
/

J&D

4

§2~"
99

89*
95

57*
60

42*
43

Deb g 5s 1963 with warr.M&N
Without warrant

97*

nf

68

23

r

43

Deb 5a 1969 with

101*

op s f—M&N

96

I

ser

Oitles Serv deb 5s Jan '66—M&S
Deb g 5s Apr. 1958
A&O

1st & ref 6s 1942 ser B
J&J
1st & ref 5*s 1955 series
O F&A

alif

41*

72*

M&S

1st ref 6s 1947 series A
J&J
Cincinnati Street Ry—
1st m 5 *s Apr 15,'52 ter AA&O
1st 68 1955 ser B
A&O

96

California-Oregon Power—

I

5
4

38

Chris & 10th Sts RR—See NYRys

100

~

1
/

Generating—

Cicero Gas gen & ref 5s 1932.J&J
Cincinnati Gas & Electric—
1st M 4s 1968 series A
A&O
CIn Newport & Cov L & T—

94

™

15

J&J

Certificate of deposit

Oorp—

—I

67

M&S

f g 5s Jan 1 1927-A&O

1st & ref 6s 1953 ser A
Adjust deb 6s July 1963

99

CO] « 5s L% 6s 1933.M&S
trt*
'37

86

100*

Certificates of deposit
Chicago Rapid Transit Oo—
1st & ref 6*s 1944
J&J

102

1st s f g 5s *48 op aft
'12..M&S
Power 1st 5s I960—A&O
Oalifornia Gas & Elec

95
88

Certificates of deposit

101*
101*

75

35*
35*

35*

Certificates of deposit.
Pur mon 4-5s Feb '27 opt.J&J

Generating—

25

s

Series B

103*

98

88

34

Chatt Rys 1st cons 5s '56.M&N
Ohes & Pot Tel of Va 5s '43.M&N
Chester Water Service Oo—

Chippewa Power 6s 1947

80" Oalgary

85

Oons M 5s ser A Feb '27-.A&O
Certificates of deposit

96

95

18

34

_

101*
96*

42*

16

1st & ref 5*s 1956
A&O
6% notes 1932
A&O
Chicago Railways Oo—
1st M gold 5a 1927 opt.F&A
Ctfs of deposit

47*
104*

101*
101*

33*
35*

41*

i,

AdJ Inc 4s Feb 1927 opt

1st ref 5s April 1 1939
J&J
Gen & ref 5s 1956 ser
A..F&A
Gen & ref 4 *s 1981
F&A
Buff & Niag
El L &~Power—

34*

A—M&N

O

1st & ref 6s 1955

80

Phila'Oo

Brush Elec Oo 5s
1952—....A&O
Buff & Erie Ry 1st
6*s 1954-J&J
Buff Gen Elec 1st 5s
1939-F&A

33

43

warr

Oonv deb 5s 1950
Olties Service Gas Oo—
1st M

M&8
J&D

43

45*

pipe line 5*8 1942.M&N

55*

81*

Cities Service Gas Pipe Line Co—
1st M

61*

80

85

Cities Service Power & Light—
Deb 5*s 1952
M&N

37*
37*

39
39

pipe line 6s 1943

Deb 5*6

Canadian price

Oltizens

Gas

1949

Sale price.

J&J

J&D

50*
48*

(Indianapolis)—

1st. & ref gold 5s 1942
i

9
10

Oorp—

.-.A&O
Chic North Shore & MIlw RR—
1st mtge gold 5s 1936
J&J

70"

140
95

60
-v

34

«er

1st M 4*s 1970...
Deb 5*s 1935

108

J&D

BrownsviHe Ave—See

Lt

1st M & 1st lien 5*s 1953. J&J

Chic Dist Elec

55"

1st lien & ref 6s '47 ser A.M&N
Conv deb 5*s 1936
J&J
Deb 5s 1950-

&

Certificates of deposit
Chicago Olty Ry 1st 6s '27—F&~A
Certificates of deposit

73

45

7

Central States Utilities Corp—
10 yr sec 6s 1938
J&J
Central Traction—See Phila Oo
Oent Vermont Public Serv Oorp—
1st & ref 5s 1959 ser A
A&O
Central West Public Service Co

Coll tr

76

104*

8*

Chicago City & Connecting Ry

88

100

55*

lairgo!d i* Jan 1 1951-J&J

,

49*

-

100

85

58

Bklyn Un Gaalst cons5sg*45M&N

45

-

87*
99*

Pow

1st 4*s 1958 series A
Chic Aurora & Elgin RR—
1st & ref 6s 1951

103

74

_

95*

74*

Stamped guaranteed

OWtifir'nt.pui




—J&J

RR.

Nassau Elec 1st 5s 1944—A&O

85

50

102*
99*

ser

E 1952
...J&J
Transit Oorp
f 6s 1968 ser A
J&J

„

Atchison Ry, Light & Power—
1st 5s Nov 1935
M&N
Athens (Ga) Ry & Electric—
1st & ref s f g 5s '50 opt '15 J&J

65*

Kings Oo El 1st 4s 1949—F&A
Stamped guaranteed...

84*

S

Bk

/.

63

58

Charleston Cons Ry Gas & El
Oonsol gold 5s 1999
M&S
Chattanooga Ry & Light—
1st & ref g 5s 1956 op '16—M&N

94

&

States

Series

99

99*

1st ra g 5s 1941 (stpd)—J&J
1st con 5s July '41(stp)M&N
Bklyn Un Elev 5s 1950—F&A

42

...M&S

:

J&J

A 194Q—

68

80

Central Ry—See Un Ry&El (Bait)
Central States Elec Oorp—
Oonv deb 5s 1948
J&J
Deb 5*s 1964 with war M&S15

1st 1 coll 5*s 1956
Series B

1=

30

25*

40

M&N

6*% notes 1932
F&A
Brooklyn Rap Trans 5s 1945 A&O
Eq ult Trust ctfs of deposit
1
1st ref gold 4s 2002
J&J /
3-year 7% notes 1921
J&J *
Cent Un Tr temp ctfs dep.
Temp ctfs dep stamped
Bklyn Bath & WE5s '33..A&O
Brooklyn Queens Oo & Sub—

47

54*

34

ser

5s

66*
75

60

Cent Pow 1st 5s. 1957. ser D J&J
Oent Pow & Lt 1st 5s 1956.-F&A
Cent Pub Serv

Oent

64

5s

65

67

Corp—

81*

m

75

72*

lst&ref 4*s 1981 ser H
Oent Indiana Gas—

Oonv deb 5 *s '49 with warF&A
Without warrants

Bklyn-Manhattan

warrants

Conv 5V*s 1938
M&N
Associated Pub Utilities Oorp—
1st lien 5s 1947 ser A
J&J
Deb 6s 1958
M&N
Associated Telep Oo Ltd—

ft Basis.

100"

81*

92

m

1st mtge 4*s 1967 ser F..J&D
1st & ref 5s 1968 ser G—M&N

99

72

98

80*

Gen

71*

98

65

32*

Gen

70*

75

88

I

23

100*

72*

31*

80

100

M&S

62

87

M&S
F&A
Bklyn Olty & New RR—See O I
Bklyn Olty RR 1st 5s 1941..J&J
Eq tr 5s *33-'35 ser A
J&J
Brooklyn Edison Oo—

42

36

58

104

1st m 5s Mar 6 1938
Gen & ref 5s 1967

P

37

45

19

90
82

Brooklyn Borough Gas Oo—

94

106

42
34

96

86

Bronx G & E 5s 1960

85
66

101

3-yr 5*% notes 1933
F&A
Oent Hud Gas & Elec Oorp—

80

1st & gen 5*s 1961 ser F..J&D
Cent Ohio L & P 1st 5s 1950 A&O

1st & ref 5s 1954 Ser A—.M&S

11*
10*

82"
100

98

10-yr s f 6*s 1934
M&N
Bway & 7th AveRR—See NY Rys
Bway Surface RR—See N Y Rys

79"

77*

1

88

British Ool Tel 5s 1960—
Broad River Power Oo—

98

103

i

101

M&N
M&S

f 6s 1953

1

99

Bridgeport Gas Lt 4s 1952..J&J

s

I

20

63

Cent Ark Pub Serv Oorp—
1st I & coll tr 5s 1948 ser A F&A
Cent Orosst'n RR—See N Y Rys.
Cent Dist Telep 1st 5s *43—J&D
Central Gas & Electric Oo—
First lien coll trust 6s '46.M&S
First lien coll tr 5*s '46..J&D

1st, & ref 5s Jan 1957
Cent Ills Elec & Gas Co—

28

H

96

Brandenburg (Germany) El Pr—

Appalachian Elec Power—

001 l-*l 1 1

61

Cent MainePr 5s '39 op *19 M&N
1st & gen 6s 1942 ser B—J&J
1st & gen 5s 1955 ser D
J&J
1st & gen 4*s 1957 ser E.J&D

M&N

7s Sept 1947
4s Aug 1 1932

F&A

89"

99"

97"

91*

'47..F&A

1944

70
72

Carolina Mt Power 6s 1935. J&D
Carolina P & List 5s 1956—A&O
Cedar Rap Mfg & P 5s '63.-J&J
Central Arizona Light & Pow Oo
1st mtge 5s 1960
J&D

Ref mtge 5s 1957
M&S
Central Indiana Power Co—
1st & ref 6s 1947 ser A
J&J

97

"72*

.J&D

97

92

B

86

91

72

66

86
95

ser

67
69

24

1st & ref 5s 1951
F&A
Oeut D1 Light 1st & ref 5s '43A&0
Central Illinois Public Service—
1st & ref 5s 1956 ser E...M&N

86*

Boston Elev

A&O

32

85

5s 1954

m

Boston Oon G.-w deb 6s

M&N

98

78

Mtge & col tr 5s '51 ser A.A
Mtge & col tr 5s '52 ser B.A&O
Bleeeker St&FulFy—See NY Rys
Bloomlngton Dec & Champagne
1st & ref 5s 1940
M&N
Blue Lakes Wat 1st 6s '38..M&S

102*
99*

102*

95

J&D

1st

97

1st & ref 5 *s 1954

31*

1st mtge 5s 1957 ser O
F&A
Blackstone Val G & E 5 s "39-J&J

1st 6e 1948
J&D
Ana & Pot R RR—See W Ry&Ei.

2-yr 6% notes 1933

32

29*

Works

Androscoggin Elec let, 6s '34 A&O
Androscoggin Water Power—

ser

80*
34

29"

1st mtge s f 6*s 1956—-A&O

West End St 5s 1932
5s May 1936.

Oonv deb 6s 1941
Oonv deb 5*s 1944

100

Berlin Elec Elev & Underg Rys—

Annap & Chesapeake Bay Pow—

1st M 5s 1965
Assoc Telep Util

102*
1U2*

27

Ry 4s 1935
M&N
Deb g 4*s Oct 1 1937—A&O
Deb g 4*a Nov 1 1941— M&N
Deb g 5s Dec 1942
J&D

Without

91*

102*
102*

1st & ref 5s 1960 ser O
A&O
Beloit Water, Gas & Elec Oo—
1st g 5s 1937
M&S
Bellows Falls Hydro-Elec Oorp—

1*

33

Oonv deb 4*s 1949
Cons ref deb 5s 1968
Oonv deb 5s 1950

7

92

91

J&J

1st & ref 5s 1948 ser B

J&J

1st 6s 1945

i

90*

.J&D

Ask.

Capital Traction (Wash, D O)—
1st g 5s June 1 1947.
J&D
Carbondale Ry 5s Nov 1933..J&J
Carollna-Ga Service Oo—
6* % notes '32 with warr J&D

38

91

1st mtge 5s 1960 ser O—M&N
Bell Telep Oo of Pennsylvania—

Amer Elec Pow deb 6s '57 M&S 15
Amer & Foreign Power Oo*—

Amer W W & El 5s 1934
Deb 6a 1975 Ser A
Deb 5s 1975 ser B

76

10

f

A&O

Bid.

Canadian L & P 5s '49 op '14 J&J
Oanal&Claib RR—See NO Ry&L
Canton-Akron Oon Ry 5s '33 J&J
Canton Elec Co 5s 1937
M&N

55

1953 M&N

lstg 5s 1957 ser B

53

33

Deb g 6s 1952 ser A
F&A
Deb g 5*s 1953
M&N
Oonv deb 6s 1940.
M&S
Amer Community Power—

Deb 5*8 Nov 1 1943—M&N
Oonv deb 4*s 1939
J&J
35-yr deb 5s 1965
F&A
American Utilities Oo—
1st lien & ref 6s 1946
J&D
Deb 0*s 1941...
M&N

A&O

Bell Telephone of Canada—...
1st g 5s 1955 ser A
—M&S

Amer Commonwealths Power—

Deb 6s 1938
J&D
Amer Telep & Teleg—
Oonv g 4s '36 conv aft '09.M&S
Ooll trust 5s 1946
J&D
Deb sf 5s 1960
-J&J

74

^

A&O
Elec Ry
P&A 15

Am Pow & L deb 6s 2016—M&S
Amer States Public Serv—
1st I 5*s 1948 ser A
M&N

F&A
A&O

Beauharnols Power Oorp—
Ooll trust s 16s 1959 w w—A&O

65

31

Deb 5*s 1953

1964——J&D

1st 7s 1953
Deb 8s 1953

72

Bonds.

Rlv Bdge Oo—

Bear Mt Hud

87*

Ask.

Oamden & Sub Ry—See P S Oorp
Canada Nor Pow coll 5s '63-M&N

,

.

Oon g 4*s 1933

*s

1st M 5s 1959 ser B

86

1st M 5s 1957 ser A
.J&J
Albany Ry—See United Trac.
Alleg Bellev & P—See Phila Oo
Allegheny Gas Oorp 6 *s'43 M&N
Alton & St L Bridge 7s 1947 M&N
Deb 7s 1942
Alton Water 6s 1956
Altoona & Logan Val

Bid.

Oo—

Baton Rouge Electric

(Italy)-

J&J

88

NOTICE.—All boad prices

Bid.

Bonds
Citizens L H & P

Tract—See

94

96

Phlla Co

City Elec San Fran 6s 1937—J&J
City & Sub Ry—See Wash Ry & El
City Water (Chattanooga)—
1st M 6s 1954—-----J&D
1st M 6s 1957 series 0-—M&N
Clev El 111 1st 5s *39 op

'24.A&0

100

78
78'

100%

100
series A—M&N
100
Gen M 5s 1961 series B—A&O
Oleve Pains & East Oon 5s 1918—
Ext at 6% to 1933
A&O f
Vl"
Oleve Ry 1st 1933
——--M&J
Oleve Southw Ry & Light—
Gen &con 6s 1954
M&S f —
Clinton W W 1st 5s 1939
F&A
Coast Cos Gas & Elec—
93
1st M 5s 1960M&N
9244
Colorado Power 1st 5a '53--M&N
Columbia Gas & Eloc Corp—
7644
Deb g 5s 1952
--M&N
794*
Deb g 6s 1952
—A&Olo
77
Deb 6s Jan 15 1961
-J&J 15
Columbia (S C) Ry Gas & El Co
77
1st M s r g 5s 1936
J&J
Columbus Dela & Marion Elec Co
75
1st & ref 5b July 1937
J&J
76
1st & ref 6s (strnpd) 1937--J&J
Columbus (Ga) Elec & Power—
96
1st & ref 6s 1947 ser A
J&D
92
1st & ref 5s 1954 ser B—-M&N
954*
Columbus(O)Gas 1st 5s g *32.J&J
Columbus (O) Interurban Ter Co
1st guar 5s 1935
-—-J&D / ....
Col Lon & Spr Ry—See Ind C & E
Gen M 6s 1954

BR—See NYRys
Columbus (Ga) Pow 5s *36—A&O
Columbus Ry Pow & Light—
1st ref 4%s 1957 ser A
J&J
Col Ry 1st 4s *39 opt *14—Q-J
Col St Ry 1st 5s g 1932—-J&J

83
83

102%
102

102

92"

Cross St 1st 5s g 1933——J&l
Commonwealth-Edison Co—

94%
94%
78
83

IVUt

UUl'i^S

BDl

1960 ser E A&o
1st M 4s 1981 ser F.. .
M&S
344% notes July 30 1932
Commonwealth utilities Corp—
Conv deb 6a 1938—
M&N
Commonwealth Wat 544s A 1947.
1st M 5s 1956 ser B
F&A

5s 1957 ser C—F&/
Community Power & Light Co—
Col M 5s 1957
M&S
Community Water Service Co1st mtge

Deb g 6s 1946 ser A
Deb g 544s 1946 ser

Oonestoga Trao

J&I
B
M&L
1st 4s 1950--J&J

1954 ser B—F&A
1956 ser O—J&J
Connecticut Power 5s '63—
1st & coll trust 5s 1956—
Conn Ry & Lt 444s 1951
optional-_
Conn Ltg & Pow 5s '39——J&J
Conn Riv Pow 1st 5s 1937--J&D
Oonnellsv Wat 5s Oct 2 *39—A&O
1st & ref 544s
1st & ref 4 44 s

.A&O
Consolidated Cities L P & Tr—
1st Hen 5s 1962 stamped--J*
Oonsol Gas of Bait 5s 1939--J&J
Gold 5s 1951--.

Gen g 444s

A&O

Apr 1954

88%

8644
8644
77%

87%

93

97%

95

96"

85

90

85

90

88
78

Extl

a

f 5s Feb 15 1954-F&A15

1948-M&N
St Ry—See Ool Ry &

Council Bluffs Gas 5s
Crosstown

Oross St Ry—See Int Tr (Buff)
Cuban Telep conv 5s 1951 ..J&J

J&D

1956
1st M 5s 1959
444s

Dakota Central Telep Co—
1st gold 6a 1935

Dallas Gas 1st 6s 1941—
Dallas Pow & Lt 6a 1949
1st g 744s 1949 ser
1st g 5s 1952 ser O

J&J

J&D
A&O
J&J

J&J
—J&J
1st gold 544s 1954 ser D ..J&J
Dallas Ry & Ter 1st 6s 1951-J&J
B

Danville Tr & Pow 1st 6s '41-J&J

Co—

1st M g gu 5s 1933-1937—M&S
Derby Gas & Elec Corp—
1st lien 5s 1946

-

b

F&A

Co—
series A—-M&S
series B — .M&S
Ry 5s 1936 J&J

85

9%

8644

25**"

23%

M&S
Tunnel—_
M&N
6 448 1948—M&N

97

98%

18%
1%

20

Oonv

s

f deb

lst m

-J&J
1st m 5s 1950 series B
A&O
Detroit Edison 1st g 5s 1933-J&J
Gen & ref 5s 1949 series A-A&O
Gen & ref 5s 1955 ser B„J&D
Gen & ref 5s 1962 ser O—F&A

2%

'•934*

93

10244
94

58"
111
104

96

100
100
92

94"

92%

97

98
94

96"

80

49

10144
95

51
102
96

100
106
99

97%
9144

E St L & lnterurb

Wat 5s '42 J&J

-J&J
lst m 5s 1960 ser D
F&A
East St l<ouis (111) Lt & Pow—
lst 5s 1940
-J&D
Easton Cons El 5s 1949
M&N
East Palm & Beth 6s 1939.-J&J
Economy Lt & Pow (Joliet, 111)—
1st m s f gold 5s 1956
J&D
1st m 6s 1942

10444
94%

30
15

Edison Elec I lium of Boston—

34

59
60

46

4% notes Nov 1 "32
M&N
3-yr 5% note Jan 15 *33-J&J 15
444% notes Oct 1932——A&O
Ed El UJ(Bkn)See KingsOoEL&P
Edison El 111 (N Y)—See NYfl

Galesburg Ry Ltg & Power—
Oon 5s Oct 1934
J&D

92%

80%

Electrical

lst M

75

Electric

88

92

96

100%
101%
93%
54%
28

70
50

101

94"
5544
29

74
55

Lt.

61

65

82

s

Pow

1st

m

1014*

100

101

94

95

101%
105%
94

96"

98

100

46

48

A&O

70
30

New bonds
_

3

1954
M&N,
Gatlneau Pow lst 5s 1956—J&D
Debenture gold 6s ! 041 J&D 1 •>
Deb 6s 1941 series B
A&O
General Gas & Elec OorpGen 5s Nov 1

42
24

93

73%

6
——

5% notes Aug 15 '32—F&A15
5% notes Aug lo '33—F&A15
5% notes Aug 15 '34—F&A15
5% notes Aug 15 *35—F&A15
General Public Service Oorp—
Conv deb 5s 1953
J&J
Conv deb 544s 1939
J&J
General Public Utilities—

32

lst lien & col 5a 1943 ser

29%

31

Oonv deb 6s 1931 ser

16

ser

m

—

wmm,

17

30

Gt Falls Pow 1st 5s '40
Great Lakes Power

26"

78
86

89

74

76

91

93

80

ojp—M&N

100%
99

34

31%
40%

33

32

33

32

33

41

26*

15*

13

15

6

Oorp—
F&A
*67 ser A J&J
Greenwich Wat & Gas System—
Ool tr 5s 1952 ser A
A&O
Ool tr 5s 1952 ser B_.
A&O
Guanajuato Power & Elec—

5s 1950 ser

A
J&D
6 %• *43-J&D

Mountain

Empire District Elec Oo—
lst & ref m 5s 1952
M&S
Empire Gas & Electric Oo—
Glen & ref 6s ser A 1952—J&D
Empire Gas & Elec and Empire
Coke jt Ist&ref 5« '41 opt .M&S

Empire Public Service Corp—
Deb 6« 1950 w w 1950
J&J /
Brcole MareHi Elec Mfg Oo (Italy)
lst ■ f 6%s 1953 with war M&N s

>^01

•

44%
1

1

100/"
30

100
96

98

87

89

1

93

95

6244
6244

64

67%

87

92

A&O

72

78

^

A&O

Deb g 544s

M&S

1951

TIest Man & Fair Pass Ry—See

Home Telep &

81

40

42

7744

78%

P

70

72

85%

87%

90

92

73

s

33%
10044

33%
101

20"

25."*.

6%

9%

88
11 R T

Teleg(LosAngeles,
-J&J
J&J

Oal) 1st 5s 1933-

85

& Tel of Spokane—

88

Home Tel

s

59

58

lst M g 5s May 15 '36-M&N 15
Houston El Oo 1st 6« '35—J&D

96

s

M&S

40

Houston Gas & Fuel 5s 1932

56%

Gulf Gas—
lst M & col 6s 1943 ser A,-A&O

5744

Deb 6%s

Hons

80

5

1943 with war. _A&O

Home Telep 5s

1935. -M&S

Nominal,

37

40

98

9l"

85

86

83

83%

50

lst

65

r Canadian price,

40

90

m

coll 6s

!
n

45

38%

43 with warr.J&D
Hudson Oo Gas 5s g 1949—M&N

V;'

54

41
-

Houston Lt & Pow lst 5s *53 M&S
1 st Hen & ref 4 44 s '78 ser D M &N
lst lien & ref 444s 1981 ser E..
Houston Natural Gas Oorp —

83

—-

98

38

Houston

Hunt'g'n Wat 1st M 6s '54
1st M 5s 1954 ser B




9

56

A&O

1932

A.M&S
lst M & ref 444s 1961 B—J&D
Hackensack Wat 4s '52 op '12J&J
Gen&ref5sJunel5'77 A—J&D15
Hamburg (Germany) Elec Oo—
Extl g s f deb 7s 1935
M&N
Hamburg (Germany) Elev Undergrouna & St Rys 5l4« '38 —J&D
Harrisburg Gas 5s 1970
M&N
Havana Elec Ry, Light & Power
Gen M 5s 1954 series A—M&S
Havana Elec Ry 5s 1952—F&A

15

k Last a ale.

35%

6

Power

Helena Gas & Elec lst 6s '52M&S

J&D

Deb 644s 1938

f TRIs price includes accrued Interest.

33%

Gulf States Utilities Co—

8

77

62

82

1942—M&N
1935!—F&A
Great West Power Oo of Oallf—
Grt West Pow Oo 5s 1946-J&J
Green Bay Gas & Elec Oo—
lst & ref 5s 1935
M&N
lst lien coll tr 544s

Great North Pow 5s

lst M & ref 5s 1956 ser

32

8344

60

17

1932-1944

6s

Gulf Power lst 5i 1968

97%

83

85

6s

96

100%

Ltd—

lst mtge 5s 1948
Greenwich Wat 4%s

99%
100%

17

99%

Great Lakes Utilities Oo—

Green

99k

18

16

M&N

lst M

23""

J&D
Oorp—

6% notes 1933

A.J&D
A—J&D
Oonv deb 6s'1944 ser B—A&O
Georgetown Gas Lt lst 5s '61 F&A
Ga Row & Ips—See B & N St Rv
Georgia Power 1st 5s 1967--M&S
10
Georgia Power & Light Co
lst mtge 5s 1978
J&D
Georgia Ry & Elec—
73
Atlanta Cons St 5s 1939—J&J
66
Atlanta Northern Ry Oo—
lst guar 5s '54 op '90—J&J
Gesfurel 6s 1953
J&D
98" Grand Rapids Ry lst 7a '39 M&N
95
Great Cons Elec Pow (Japan)—
lst M 7s 1944
-F&A
38
lst & gen 6%s 1950
J&J

36*
-m>

77

35

Conv

General Water Works

.

66%

s

76%

30

A '56 A&O

1st. M coll tr 6 448 *er

102

"

654*
97
95
66%
654*
6444

30%

"

b Basis,

15
-----

1st refunding 5s 1945

El Paso Nat Gas lst

101

f g

96
96

644 % secured notes L 931--J&D
6% secured notts 1931
J&D

El Paso El Oo—

85

60

Ry—

lst m 6s 1945

f 644s

52%
56

714*

Old bonds

(Germany)—

Corp

Elec
5s 1954 opt

Gulf Public Service Oo—

1950
M&S
lst sink fund 6%s 1953---A&O
Electric P & L Deb 6s 2030.F&A
Electric Public Service Co—
Sec g 6s 1941 ser A
A&O
Sec g 6s 1941 per B
A&O
Sec g 544s 1942 ser C
A&O
Deb 6s 1936
J&D
Deb 6s 1937
A&O
Electric Public Utilities Co—
15 -year sec 6s 1942
J&D /
Eliz Plainf & Cent J ISee Public
Eliz& Trenton RR
/ Serv Oorp.
Elmlra Water, Light & RR—
lst & con g 5s 1956
M&S
lst

s

J&J

1934

Gary Elec & Gas Oo—
lst lien col 5s 1934 ser A
J&J
Gas & El of Bergen Oo 58'49-J&D

Y Rys
Devel of Ontario—

lst 5s 1933
------------Elec & Peop—See Phlla Rap Tran

70

Galesb Ry & L 5s

Galveston-Houston

"1%

Eighth Ave RR—See N

77%

4544
37

42d StM& StN Av — See 3d Av Ry

100%
100%
100%

_

J&J

66
30

-J&J /

lst M g 5s 1930 guar

102

„

6% conv notes 1932
E. Kootenay Pow 1st 7i '42. A&O
East Prussia Pow 6s 1953—J&D

Florida Public Service Oo—
lst M 6 4s 1949
F&A
lst 6s 1955 series B
A&O
Florida Telep lst 6s 1945-—A&O
Ft Pitt Traction—See Phlla Oo
Ft W Van Wert & Lima Trac—

86

84%

91%
4448 1961 ser D-F&A
Detroit International Bridge—
Lst m s f 6448 1952
F&A
44
S f deb g 7s 1952
F&A
Det United 4%s 1932 opt—J&J
lst m & c< 11 tr 6s 1929
J&J f 15
Det & Pt Huron Shore Line—
lst gold 5s 1950
J&J f
Dixie Gulf Gas Co—
74
1st 644s 1937 A with war .M&S
39
Dominion Gas & Elec 644s 1945—
Dortmund Muuic Util (uermany)
19
20-yr s f 6 %8 1948
A&O
D D E B & B RR—See Third Av Ry.
90
Duke Power—lst 4448 1967-J&D
Duke Price i'ower Co—
70%
lst m s f 6s 1966 ser A—M&N
„

—J&J
J&J

544s 1956 ser B

Florida Pow & Lt lst 5s '54—J&J

644% notes 1935
M&S15
Duquesne Light—See Pkila Co
Duquesne Trac—See Phlla Co
Eastern Connecticut Pow Co—
100
1st m s f 5s 1943 series A_A&0
Eastern Mass Street Ry Co—
28
Refm 4443 1948 A
J&J
29%
Ref m 5s 1948 B
...J&J
31
Ref 6s Jan 194S ser O—M&S15
31
Ref 6s Jan 1948 series D.A&O
35%
Ref 6s Jan 1948 serios E.M&N
Eastern Michigan Rys—
5
lst mtge coll tr 7a 1958
J&J /
%
Adj 6a 1958
—J&J /
Eastern Shore Pub Service Co—
71
1st m 5%s 1947 ser A
M&S
64%
lst M & lst lien 5s 1955 B M&S
Eastern Wisconsin Electric Co—
90*
lst Jien & ref 6s 1942
J&D
95
lst lien & ref 644s 1948-M&S
93
Sheboygan Elec 5s 1946--J&J
East Coast Utilities—
35
lst coll 544s 1937 ser A..F&A
Conv deb os 1933 ser A. .M&N /
14

....

Florida Power Oorp—
lst m 544s 1979 ser A

96

Detroit City Gas Co—
1st m 6s 1947 series A

1957—-M&S

lst lion col tr 5 44s

80

M&N

1st m s f 6s 1953

76

J&J

gold notes 1932

6%

Federal Water Service Oorp—
Conv deb 5%s 1954
-M&N
Federated
Utilities Inc—

Des Moines & Cent la Elec

m

J&D

724-8
7344

Fed St & Pleas Val—See Phil Oo

59

39

110

Federal Public Serv Corp—
lst 1 6s 1947

7%%

56

37

J&D

Cumb'lana T & T os 1937

6% notes Oct 1 1933
Denver Tramway Terminals

Light & Traction—
s f g 5a 1942 opt
M&9
Stamped-lst lien g 6s 1942 stpd
M&S
Debenture 6s 1954 Bor B—J&D
lst

22

19
80

J&J

Duquesne Gas Oorp—
lst conv 6s Mar 15 1945-M&S15

1st lien & ref 7%s 1941—M&S
Cumberland Oo (Me) Pow & Lt—
1st.

Tramway Corp—

54

Consumers Power Oo (Mich)—

J&J

Pa tax.-

43

46

'16

Denver

as to

50

46

01952-.M&N
1958.M&N
Contln Gas & El deb 5s 1958 F&A
Cooper RivBrl'ge » nol8t6s'6bM<£; N
Copenhagen Telephone Oo—

Federal

97%
92%

91

42

1955
Deb 4s 1956 guar

lit lien & unif 444»

96

91

Gen & ref

(Bait)—

lstl &unlf5s ser

94"

1st m 5s 1956

97%
974*

Deb 4s 1955

1st & ref 5s 1936 op

9944

90

Detroit & Canada

100

98
Feb 14 1935—-J&10444
1st ref 514s 1952 ser E—-M&S
9844
lit & ref a f 4 % > 1969 ser G M&S
95%
1st & ref s f 4 44s 1970 ser H J&J
90
lit & ref 4« 1981
J&D
110
Oonsol Gas N J 6s « 1936
J&J
Consolidated Gas (N Y)—
Deb 544s 1945--.
103%
F&A
94
20-yr deb 444a 1951
J&D
Underlying cos—See N Y G E L H & P.
Oonsol Gas Utilities Oo—
29%
1st & coll 6s 1943 ser A.-.J&D
13%
Conv deb 644s 1943 ser A.J&D
Oonsol Hydro-Elec Wks of Upper
33
Wuerttemburg 1st 7s '66—J&J
46
Oon Ry (New Ilav) deb 4s '64 J&J

-J&J
A&O
J&J
Consolidated Telep of Wise—
1st M 644s 1942 ser A
M&N
Cons Tr (N J)—See Pub Ser Corp
Consolidated Water of Utlca—
1st M 5s 1958
M&N
Consumers El L & P (New Orl)—
1st M 5s 1936—
J&J
Consum L H & P Oo (Ell*, N J)—
5s
1938
J&D

Fall River Elec Lt lit 1945—J&J

94

io5"

Gen g 444s

Deb 4s

60

70

99

—

Consol Gas Elec Lt & P

lst g 5s 1938 opt 1913
A&O
Falrmount Pk Tran* 5s '37--A&O

A&O
Denv Gas & K1 1st g 5s '49--M&N
1st. & ref 5s 1951--M&N

80~"

98

41

Evansv G & E L 5s '32 op '12J&D
Fairmont & Clarksburg Trac—

91

—

5s, 1938
Des Moines Gas Co—

98

30

41

Without warrants---

67%

65

9644

90

1st

99

*

'

93

Des Moines Elec Co—

90

53"
Conn Light & Power—
lst&rofsf7a '51 ser A—M&N

100%

A&O
Erie Ltg lst m 5s 1967
A&O
Erie & Suburban Ry 5s *41 -A&O
Europ'n Elec Oorp (of Oanada)
Deb 644a 1965 w w
F&A
f g 5s 1941

s

89"

80

80

23

A&O

Rys—lst 6s 1954

Erie El Motor

85

S F 6s 1937 opt

99

98

Erie

86

96

J&J
J&J

1st M 444s 1969-1st M 44*s 1969

S F 5s 1937 opt
Des Moines City

97%
IVl

Eqult G&E Utlca 5s 1942.A&0

84
98

Bid.

Bonds.

Ask.

R Tr.

Delaware Elec Power Oo—
Deb 544s 1959
J&J
Delaware Power & Light Oo—„
1st M 444s 1971
J&J

78

8744
1st M col 4%s

Darby Med & Ohes Ry—See Phlla
Davenport Water 5s 1961 —J&J
Dayton Ltg 1st 5s '37 op T2-M&S
Dayton Pow & L 1st 5s '41.-J&D
Day 8p & Urb—See Ind Ool & E
Defiance (O) G&E 5s 1942—M&S

Gen & ref 5s 1950 ser A

8044

97

Bonda,

Stamped
3

"f" and Income and daiatolted bonis

Bid.

Denver Cons Tram 5s 1933-

Oolum & 9th Av

96

'*»od intoroit" except where marked

Ask.

(Johnst'n, Pa)

1st g 6s 1934 opt 1914--M&N
Citizens St Ry—See Ind Tr & Ter

Citizens

are

BONDS

UTILITY

PUBLIC

76

s Sale

price.

AM&S
M&S

100%

106"

94

96

85

90

UTILITY

PUBLIC
larOTIO*.—All bond prloes

Bonds.

Bid.

Hydraulic Power of Nlag Falls—
lstr& refundlngfts 1950—J&J
Ref &
impt 5s 1051
A&O
Waho Power 1st 5a 1947
J&J
IU Bell Telep 1st 5s 1956—J&D
Illinois Cent Trac 5s 1933.—J&D
Illinois Commercial

Telep—
B.._M&S

1st mtge 5s 1960

„

ser

IlJ-Ky Bdge 0%s 1947

M&S

Illinois Northern Utilities Co—
1st & ref 5s 1957
opt
A&O
Illinois Power & Light Corp—

Ask.

100

101

1st M

102%

102%

68

71

1°

14

84

87

J&D

67%

8 f deb5%# 1957

M&8

62

Jamaica Water Supply < *o—
1st gold 5%s series A 1955-J&J

'

63

J&D

79

James River

Janesvllle

97%

1st lien coll 5%

M&N

1938

.

Dayt Spgf & Urb 5s '28--M&N

1st M 5s 1951 series O—M&S
Indiana Gas Utilities 6s 1946 J&J
Indiana General Service—

1st M 5a 1948.

Indiana Hydro-Elec Power—
.

50%

1st mtge 6s 1958

J&J

A...M&N

ser

1st & ref 5s 1955

92

94

65

67

98

100

Gas & O—See Peo G L&C
Pr 1st 17 Hi '41 A -M&N

102

45

1st 1 & ref 6s 1963

F&A

43

6%

.

J&D

conv notes 1940

Indlanap Columbus & Sou Trac—
1st M g 6s Feb 1 1948
F&A
Indianapolis Gas 5s 1952...A&O
Indlanap & Martinsv Rap Tran—
J&J /

50
25

10
3

86"

Indianapolis & Southeast Trac—
1st M g 5s 1935
J&J /
Indianapolis Trac & Term Co—
.

1st

s

f gold 5s Jan 1 1933-A&0

Indlanap St
Citizens St

gen

4# 1933—-J&J

5s g 1933 M&N /
Indianapolis W W Sec Co—
Secured 5*
1958
J&J
con

4%s 1940 opt-.J&J

1st lien & ref 5%s 1953—M&S
1st lien & ref 5s 1970
M&S
Inland Gas 6Hs 1938

Inland Pow & L

a

s f 6s 1941 ser B
Col tr 6s 1957 ser O
Deb sf 7s 1935

M&N
A&O

-J&D
Inland Telep 1st 6s 1948.—A&O
Inland Utilities Inc—
Conv deb 6s 1934
J&D
Inter borough-Metropolitan Co—
Col fcrus g 4 %• 1966
A&O

g 5s '35 opt '08. J&J
1st 1 & ref 54*8 1955 ser A.J&D

1st & ref g

Rapid Transit—
os '66 op tax-ex. J&J

Stamped
6% notes 1932
i
A&O
Conv g 7% notes 1932— M&8
Intercontinents Power Co—
Debs 6s

1948 with

warr

J&D

International Hydro-Elec System
Conv deb 6s 1944

A&O

—

International Power Sec Com—
Coll trust 6%s 1954 ser B.J&D

6%%

7

10

60

65

90

100
103

~8~~

12""

32"

39""

30

40

Buff Trac

Cross St.

12

%

37%

54%
54%
38%

72%

41%

44%

95

96
5
s

5

E

1st 5s

1948

Ry 1st 6s

g

79%

#70

J&D

'32..M&N

1st M 5s gold 1936

J&J

Internat Ry ref 5« '62 op.M&N
International Telep & Tel eg—
Deb g 4%s 1952
..J&J

4%s 1939

J&J
F&A
Interstate Nat Gas 6s 1936..J&J
interstate Power 1st 5s '67—J&J
Deb gold 6s 1952
J&J
Interstate Pub Serv Oo—
Deb 5s

5

3%

1956

1st & ref 6%s 1949 ser B—J&J
1st & ref 5s 1956 ser D
J&D
1st & ref 4%s '68 ser F—M&S
Interstate Rys 4s 1943
F&A
6

1961

1st mtge 6s 1934.J&J
Iowa-Nebraska Lt & Power—
1st lien & ref 6s '57 ser A.M&N

1st 1 & ref 5s

30%

32%

32

34

37
34

38%
34%

43 H

44

89

91%

75

76
65

63"

70

70

76

75

76%
74
78

73

77
70
51

78

82

1st & ref 6s 1943
1st & ref 5%s 1950Deb 6s 1950 ser A

F&A

J&J!
M&NI

Gen gold 5s Fob 1 1933.-.F&A
Sand Frem & Sou 5s 1936-J&J

98%

99
83

86

80

79

85
80

.

8734
82

i

85%

87

1%

3

60
57

98

98""

IV*
30

37%
35%

71

97

40

1st lien & coll tr 6s '53-M&8
Manila Gas Oo—
1st lien coll tr 5%s 1937--A&O

83
85

98"

96

42

Manila Elec RR & Ltg
Oorp—

Manila Sub Rys 1st 5s
1946-M&S
Manitoba Power Oo Ltd—
1st M ■ f 534s '51 ser A...J&J

82

81
81

96

1st M

s f 5%a 1952 ser B..J&J

80
r

55

58

r

55

57

Mannheim & Palatinate Elec Cos
15-year s f 7s 1941
J&D
Manuf'ra Wat (Pa) 5s 1939.J&D
Market St El Pass Ry—See
PRT
Market St

27

30

100

101

Ry (San Francisco)—

1st s f 7s 1940 ser
A__.__.Q-J
Maryland Electric Rys—

9134

9134
1

1

46

Guaranteed 6s 1933
-A&O
1st & ref 6%s 1957 ser
A..J&J
1st & ref 6%s 1962 ser
B..J&J

50

49

52

93

96

Bait & Ann 8 L 5s
1940—F&A
Maryland Light & Power—
1st M 5%s 1950 ser A
J&J
Massachusetts Gas—
20-year iif' 5%s 1946
J&J

89

90

M&N

83

85

89

91

76

78

66%
6534

68

Sink fund deb 5s 1955
Mass Utilities Associates—
S f deb 5s 1949 ser A

65%

Ma ss! I Ion
1st

68""

70

120%
94%

32

32

80

81

A&O

Elec & Gas—
5s

1956
j&J
McGav & Mt V—See Nash
Ry&L
Memphis Power & Light Co—
I
1st & ref 5s 1948 ser A
J&J
1st & ref 4%s 1978 ser
O-A&O
Memphis St Ry con g 5s '45-J&J /
M&S

12234

Meridian Lt & Ry 5s
1944Meridionals Electric Oo—

1st

s

f 7s 1957

ser

A

1034

20

80

A&O

Metropolitan Edison Oo—

97

9934
98%

94
107

M

—j

86

115

9634

1st & ref os 1953 ser O
1st M 4Mb 1968 ser D

93%

J&J
M&S
1st M 48 1971 ser O
M&N
Met Street Ry—See N Y
Rys
Metropolitan West Side "L"
1st gold 4s 1938
F&A
Exten gold 4s 1938
J&J

74"

78

15

20

93%

94

1st M os 1961
--.A&O
Mich Elec Ry 5s 1948
J&J
Jack Cons Trac 5s
1934—M&N
Michigan Gas & Elec Oo—

78%

Michigan Associated Telep Co—

67%

95
85

78

Mexican

33

28

31

ElL

1st M g 5s *35-J&J
Mex Lt & Pow 1st 5a '33 s
f.F&A

5

69
73

I8! h r.6f ^ 1943
1st M 5s

1
3

3

'

8

83

J&D

74

77

^!^gan £,gh£ l8t 58 I946-M&S

35

80

97

M&S

1956

18

18

Tol Frem & No 6 lis 1925—
Extended at 6°£ to 1933 J&J

Michigan Nor Pow 1st 5a '41 _J&J
Michigan Public Service Oo—

93

25

35

Lake Shore Power Co—
1st and ref mtge 6s 1950-— J&J

A&O

65

67

58

65

1st g 5s 1947 ser A
Middle West Utilities Co—
6% conv notes 1932

J&D

35

38

J&D

Lake 8t Elev

tiK—See Chic & O &k PkE lec
Lake Superior Dist Pow—
1st M & ref 5s 1956
80
J&D
Lawrence (Mass) Gas & Elec—
1st M 4Mb 1940

B.—F&A

ser

Ry.

F&A

69

1st M 6s 1944
—M&S
Lexington Util 1st 5» 1952 .F&A

conv notes

1933

conv notes

1934...

70

2134

22%

21

22

J&D

21

22%

Ry—

3

1938...M&S

42

Mlllv Etna & Sharps—See
Phil Co
Milwaukee Coke & Gas Co—
1st M s f 7%s 1933

50
40

100

F&A

30

32

32

35

Milwaukee Elec Ry &
Light—
1st & ref 5s 1961 ser B
1st M 5s 1971
Milwaukee Gas

-

J&D
J&J

M&S
*34 op.-J&D

75

78

Minn Gen El 1st

66

76

Lexington Wat ref 534s 1940-F&S
Lexington Wa Pow Co 1st 5s'68J&J

88%
86

78

50

52

Conv deb 5%s 1953
.J&J
Lincoln Gas & Elec 5s
1941. J&D
Lincoln Tel & Tel—
1st. M 4Mb 1961 ser A
J&D
Lindell Ry—See United

18

21

1st M 4J4« 1950
J&J
Minn St Rys—See Twin
O'y R T
Minnesota Nor Pr jt 6s
1934.A&O
Minnesota Tower & Light Co—

93

1st & ref 6s 1955
1st & ref 434s 1978

89 >'

94%
100%

75

76%

Long

fsli Lighting 5s

1st ref 6b 1948
1st & ref 5s 1955

1936—M&S
..J&J

Secured g 6s 1945

45

1st & ref 5s 1955

55

-—M&S
Mississippi Power & Light—
1st M 6s 1957
J&D

95
91

«•'

81

84

66%

Mississippi River Fuel Corp 1st s f68 1944 with warr F&A 15

67%

91M
99%

92"

101
93

ser

Mississippi Rlv Pow 5a '51—J&J

Deb 5a May 1 1947
Missouri Power & Light—

95

r
Co,nv,£e,b g 5^9 '52 ser A.A&O
Lorain Telep 1st 5s
1958
Los Angeles Gas & Elec
Corp—
1st & ref g 5s 1939

80

85

70

75

65
50

60

1934..-J&J

*Lastsale.

nNomlnaL

r

99%
94%
101
99

A—F&A

Mo Rlv Sioux City
1st » f 6s 1953

101
98

103%
100

99

100

103

104

99%
99%

100%
101

Canadian urice

M&N

1st M 5Mb 1955 ser A
M&S
1st M 4Mb 1958 ser B
M&N
Missouri Public Service Oo—
First mtge 6s 1947 ser

102%
94%

90

opt..-M&S

65

91

94

77

79

75

77

79%

81

s

Sale price

80

81

76

Without warrants._

100

J&J

1st & gen 5s 1961
M&S
Gen & ref 6s 1942 ser
D__M&S
Gen & ref 5 34s 1943 ser
F M&S
Gen & ref 5%s 1917
ser E J&D
Gen & ref 6s 1942 ser G ..M&S
Gen &ref5%s 1949 ser
I.A&O
Los Ang G & E 5s

J&D
M&N

63

Mississippi Power Oo—

Rys(StL)

Little Rock G & F 6s 1937-M&N
Little Rock Ry & El 5s
'33...A&O
Ref & ext g 6s
1938..-...A&O
Lockhart Power 534s
1950.-F&A
Lombard Flee Co
(Italy)—
1st extl 7s 1952 with warr. J&D
Without, warrants...
Lone Star Gas a f 5s 1942 ..M&N

os

90%
89%

94

Minneapolis Ga% Light Oo—

76

103

'

Light Co—

1st M 4Mb 1Q67

98"

"j&D

1st a»dref mtge 4 34s
1932. J&J
Midland Natural Gas Co—
Conv deb 6s 1935
j&J
Midland Util deb 6s

55

Leipzig Overland Pow 6%s '46~
Lex Ave & Pav Fy—See N Y
Rys
Lex (Ky) Ry—See
Ky Tr & Term
Lexington (Ky) Tel—

5%
5%

5% conv no'es 1935
Middlesex & Boston St

92

1st M g 5s Dec 1935
opt.-M&S
l3t M g 4s Dec 1935
opt- .M&S
Cons gold 4s 1935
J&D
Ref & impt g 5s I960.- -J&D

88

46

90

;■

88

12

72%

81

101
104

12

/This price includes accrued Interest.




75

62
1st col&ref5 Mb 1960 ser D F&A
69"
5M% gold notes 1935
F&A
Lake Erie Pow & Lt 6s 1946 A&O
90
Lake Roland Elev—See Un
Rys & Elec.
Lake Sh Elec 1st con g 6s '33 J&J
25

Ironwood & Bessemer Ry & Light!
lsts f g 5# '36 opt after '15.F&A!

ft Baals

5s

1951
F&A
Debentures 6s 1948
F&A
Laclede Gas Lt ref 5s 1934.-A&O
1st M coll tr 5%s '53 ser O F&A

53

Istratge5%sl95»
M&S
Iowa Ry & Lt (Cedar Rapids)—
1st & ref 5s 1932 ser A —M&S
1st & ref 5s June 1946 B—.J&D
1st & ref 5%» Oct 1945—M&N
Iowa Southern Utilities—

A&O

—

99%

B..M&S

ser

88

81

Lehigh Power Securities—
Deb g 6s 2026 ser A

Iowa Pow & Lt 1st 4%s 1958 M&S
Iowa Pub Serv 1st 6s 1957—J&D
DeD 5s 1968
M&S

1961

88

84

Lehigh Valley Transit—

75

A&O

84

78

72

70

Iowa Electric Co—

9534
2934

102

75

64
14

92)4
28

M&N

82

Interstate Telep Oo—
1st M

-

1st M 5s 1978-

50

98"

75

v

15

Kings Co E L & P 1st 5s *37.A&O
Purcb money 6s g 1997
A&O
Edison El HI Bklyn 4s '39-J&J
Kings Co Elev Ry—See Bklyn RT
Kings Co Gas & 111 1st 5s '40-A&O
Kings Co Ltg 1st ref 5s *54--J&J
1st ref 0%s 1954
J&J
Kingston Gas & Elec 1st 5s'52_
Knoxv Gas 1st 5s '33 opt '13-A&0
Kokomo W W 5s 1958
J&D
Lackawanna & Wyoming Val RR

92

90

99

100%
103
85

1st g 5a 1936
J&D
Madison G & El 1st 6s 1940-A&O
Gen & ref 5s 1950.
M&N

56

75

\\M

BuiT & Lock 1st g 5s 1938—J&J
Buffalo & Niag Falls Elec Ry—

Conv deb

55"

18

Unstamped
ser

78

6434

1st

59"

bonds 1965 serOJ&D
Sec 7b 1936 D (with war)..J&J

Sec 7s 196/

70

55

,

44
30

98

1st & ref 6s 1954
—M&S
Debenture 7s 1944
J&J
Macon Ry & Light 1st 5s '53-J&J
Madison Co (111) Light & Power—

Keystone Pub Serv—

20

sec

Sec 7s 1952
J&J 16
International Railway (Buffalo—

83

63

46

15

Guar Trust certif of deposit..

Interborough

J&D
J&D

J&J

1st 1 & ref 6s 1951 ser B

f 6s '30 A M&S

Coll tr

94

M&N

Key Tel 1st
—

Indianapolis Water—
1st At ref. g

92%
82%

Mad Rlv Pr 1st 5s *35
gn op_F&A
Manhattan El con 4s g '90-.A&O
2d gold 4a 2013
J&D

1st M 5s 1969 ser I
Keokuk Elec 6s 1945

92

42

40

92

1st M 5s 1961 series G—F&a

91%

35

25

f 7s 1948
Luzerne Oo (Pa) Gas & Elec—
1st ref&imp g 5s*48 op'13 A&O
s

95

1st M6Hs Sept '48 ser D M&N
1st M 5%s 1955ser F
A&O
—

98

27

f g 6%s 1944

1st M

Kentucky Utilities Co—

—

91%
27%

Luneburg Pow L & W W

89

1 st M 6s 1957 ser B
; .M&N
I
1st & ref. 6s 1947 ser Oi—F&A
Kentucky Fuel Gas Corp—
1st 6lis 1942 with warr..J&D
Conv s f deb 0%s 1938---J&D
K'y Hydro Elec Co 1st 6s '49 J&D
Kentucky Power & Light Oo—
1st m 5 %s 1948 ser B
M&8
Kentucky Traction & Terminal—
1st & ref gu 5s '51 opt '14-F&A
Lexington Ry 1st 5s 1949.J&D

Indlanap Nor—See Un Tr of Ind
Indianapolis & Northwest Trac—
1st g 6* 1923 ext to 1933..M&S
/
Indianapolis Power & Light—
1st M 5s 1957 ser A
J&J

s

98%
92%
100

Madison Rys 1st g 5s 1936-.M&N

j

r

1st g 5s 1932 opt..

95

83"

Deb gold 6s 2022 ser A..M&S

50

Indiana Union Traction—
1st g 5s July 1 *33 op '08.A&O
Indiana Nor 1st g 5s 1933.A&0

2

SO

1st mtge 4%s 1980
J&D
Kansas Pow 1st 5s 1947
M&S
Kansas Power & Light < Jo—
1st M 6s 1955 ser A
M&N

90

95

unstmpd-.A&O

F&A

1936

1st M 5s 1951
Kansas Gas & Electric—

95

100

Ry & Lt 1st 5s '4 3._J&J
Service Corp—
1st & ref M 5s Jan 11950—J&J

96%

Louisville Ry 2d 4%s 1940. .M&S
Gen M 5s I960..
F&A
Lower Austrian Hydro-Elec—
1st

1st mtge 434s

80

93

Indiana & S W Gas & Util—

18

1957 ser B..J&J
1st M4Ms 1961
F&A
Kansas City Pub Ser 6s 1951 J&J
Kansas Elec Pow 6s 1937—J&D

w

75

88

f g 6s 1940

1st M 6s 1942
F&A
Kansas City Power & Light—■

85%

90

75

86%

a

67

1st & ref 5s

40

84

85%

1st & ref 434s 1961 ser O.F&A
Deb a f 6s 1937 aer A
A&O
Louisv Ltg 6s '63

94

15

59
77

1st & ref

22"

92

57

75

1st mtge 5s 1957
J
Louisville Gas & Elec Oo (Ky)
1st & ref 6s 1952 ser A
M&N

19"

J

Los Angeles Ry 6s 1938
-A
Louisiana Pow & Light Oo—

Kanawha ValTr 1st M5s '46.J&J
Kansas City Gas 1st 5s '46--F&A

1%

35

M&S

Ind Nat
Indiana
Indiana
Indiana

31

Elec Oo—

1st M 6s 1943

Indiana & Mich El 5s 1957..F&A
,

54%

30

Ask

Los Ang Pac Oo—See Pac EIRy
Los Ang & Pasad—See Pac El "
Los Angeles Railway Oorp—

25

Kanawha Trac & Elec Co—

%

Electric Corp—

1st M 6s 1947 series A—M&N
1st M 6%s 1953 series B..F&A

.

70

48%

Gen & ref g 5s '26 op' 11..M&N

Indiana

52%

;

Bid

Bonds.

23%

J&D

1st & ref 5s 1932-19<J5
J&J
Jersey Central Pow & Lt Corp—
1st & ref 5s 194.7 ser B —F&A
1st M 4%s 1961 ser C
J&D
Jer City Hob & Pat—See 1* S Corp
Johnstown (Pa) Trac 5s *43—J&J
Johnst Pass Ry 4s 1931--J&D
JopJIn W W 1st 5s 1957...-M&S

„

68

Bridge Corp—
195S-. J&J

1st sink fund 0%s
Deb g 7s 1943

1st 6s 1944
J&D
Illinois Valley Ry 1st 5s '35-M&S

Indiana Columbus & E Trac—

f 7s 1952

77

Ask.

.

69

1st 7s 1936—

,

s

25-yr * f 5 %• 1953 ser A—M&S
Italian Superpower Corp—
Deb 6« '63 (without warr). .J&J
iackson Cons Tr—See Mich E.Ry
Jackson (Mich) Gas 5s g'37_ A&O
Iacksonv (Fla) Gas s f 6s *42 J&D
Jacksonville Trac lBt 5s '31-M&S /

72

Illinois Water Service Co—
1st mtge 5s 1952 series &—J&.T
Indiana Central Telep Co—

Bid,

(Italy
M&N

siand Gas & Electric—

95

78
70

..

BONDS

where marked "1" end income end defaulted bends.

Bonds.

99
92

1st & ref 6s 1953 series A__A&0
1st & ref 5%s 1954 ser B—J&D

Illinois Power lot 5s 1933—J&D

wxeept

Isarco Hydro-Elec Oo

1st & ref 5s 1956 ser C
ri

"inrt Interest"

«nrs

80

92%

93

82

85

83%
72%

75

60

63

6S

63

85

Bdge Co—
M&S 15

NOTICES.—AH bond orica* are "and

Bid

Bonds.

interest" except wber*

Ask

BONDS

UTILITY

PUBLIC

78

but

Bonds.

Mobile Gas Imp & ref 7s '51-J&D
Mob Lt & RR 1st g 6s '37—J&D

N Y Municipal Ry 5s 1966---J&J
N Y Power & Light Corp—

—M&S

1st mtgo 4%s 1967
A&O
N Y & Queens Gas 1st 5s '34 F&A
N Y & Queens Co Ry 4s '46-A&0

Cons g 5s 1941
Monmouth Cons Wat 5s

'56-J&D
Monongahela Light & Pow Co-—
1st M 5s 1949
-,rrf&D
Monengahela St Ry—See Phil Co

Monongahela Valley Traction—
1st M g 5s 42 opt '22
J&D
Monongahela Valley Water—
1st M 5I960 series A—J&J
Monongahela West Penn Pub Ser
1st lien & ref 5 %» ser B '53 F&A
Montana-Dakota Power Co—•
1st m 5%a 1934
—J&J

75

98

70,

81

101

80

18—J&J
—J&D
5%s 1957-M&N

1st & ref s f 5s '43 op
Deb g 5s 1962 ser A

Montreal Isl Pow
Montreal Lt flt & Pow
1st ref & coll tr 5s

75

91H
72

94

-

Second Av recei* ctfs 1914
Sixth Av RR pur M 5s '65-J&J

90

63%

70"

62

91%

73

78

76

81

1st M 6s 1935 ser A——M&N
Municipal Serv coll 6s 1956-F&A
Muskogee Elec Tr 5s 1934--M&N f
Mutual Telep (Pa) 1st 5s '45. A&O
Narragansett Elec Co—
1st M 5s 1957 ser A
—J&J
Nashville Railway & Llgnt—
Cons g 5s 1953 opt 1908—J&J
Ref & ext gold 5s 1958
J&J
McGavock & Mt Vernon—
2d series 6s July 1937—J&J
Nashville Gas & Heating Co1st M gold 5» 1937 guar—M&N
Nassau El RR—See Bklyn R T
Nassau & Suff Ltg 5s 1945--F&A
Nat Elec Pow Co deb 5s 1978 J&J
Nat Pow & L deb 6s 2026 A-F&A
Deb 5s 2030 ser B
—M&N
Nat Public Service Corp—
Debenture gold 5s 19 <8—F&A
Nat Toll Bridge 6s 1939 - J&J
Nebraska Pow 1st 4%s 1981-J&D
Deb 6s 2022
—M&S

90

95

58

60

1956—A&O

1941
J&J
Newark Gas 6s Apr 1 1944—Q-J
Newark Cons Gas con 5s 48_J&D
New Bedford Gas & Edison Light
Debs 6s July

3% notes June 15

1932—J&D15

(Can) Pow Co—
1937
M&S
New Castle (City of) W 5s'41 J&D
8 f 5s 1932
—
-J&D
New England G & E Association
Deb g 5s 1947
M&S
Conv deb 6s 1948
-J&D
Oonv deb 5s 1950
M&N
New Eng Pow Assn 5s 1948.A&O
Deb 5Mb 1954
J&D

99%

1st

—-

90"
93 H

93

89

98
93

99

5% notes Dec 1932
J&D
New Eng Pow 1st 5s 1951—J&J
New Eng Tel & Tel—

99

1 1932A&O
series A
-J&D
1st 4%s 1961 ser B
M&N
New Hampshire Pow 6s Dec.1943
N J & Hud Riv Ry & Ferry—
1st gold 4s 1950 opt
N J Pow & Lt 1st 4%s
New Jersey W ater

95

F&A,

Electric—
1
Consol & refg 5s 1933
J&J
New Mexico Power—
1st M 5s 1958
--J&J
New Milford Pow 1st 5s '32-F&A
New Orleans Pub Service Co—
1st & ref 5a 1952 series A—A&O
1st & ref 5s 1955 series B—J&D

24%

M
71H
61H
25

90 X
90

74

4Hs 1935-——-----J&J
Inc 6s Nov 1949 ser A—J&D
New Orleans Ry & Light Co—
Canal & Claib 1st 6s '46—M&N
NOCy RR—Gen g 5s '43-J&J
N O Oy & Lake 5s 1943—J&J
NO&Carroll con 6s Feb'33-J&J
N O Pow House Co 5s '41-J&J
St Charles St 1st g 4s '52—J&J
Newp News & Haxnp Ry G & E—
1st & ref 5s 1944
J&J
Newp News & Old Pt Ry & El

Nov 1 1938
M&N
Gen g 5s Afar 1 1941—_M&8
New Rochelle Wat 5%s '51-M&N
N Y Cent Elec 1st 5 %s'50. M&S
New York Edison Co—
1st lien & ref 6%s 1941—A&O
1st 1 & ref 5s ser B 1944—A&O
1st 1 & ref 5s 1951 ser C—A&O
N Y Gas Elec L H & P Colit g 5s Dec 1 1948
J&D
Pur mon coll tr 4s 1949—F&A
Ed El 111. N Y. con g 5s '96 J&J
Equitable Gas 5s 1932—M&S
New Amster Gas.5s 1948—J&J
NY&ER Gas 1st g 5s '44—J&J
Con 5s 1945
—J&J
NY&Westch Ltg 4s 2004—J&J
Deb g 5s 1954 op guar.-J&J
1st g 5s

f This price includes




95

92

66H

1st M & ref 7%s '46 ser

Oonv

1st & ref 5sl954

99

104%

68

71

1st & ref 5s

Salisb &

5%a 1948

Id"

62

96

98"

.A&O
Omaha & Council Bluffs 8t Ry—
Ext 6s 1936
J&J
Ontario Pow 6s '43 op to '13.F&A
Ontario Power Serv Corp—

94^;

84

i,—* IN
97

58 y2

53

00

1st M & lien 5%s

94
88

79

99%

f

85

87

98

101

lly'

101%

97%

39

72

83

89

66

68

38%

99

76
75

77

75
65

76 %
66

76

103
87

89

90

92%
98%

96 %
90

75*"
83

85

92

95

75

85

80

83

109 %

109%

101

103

100

100%

101 %

106%

91%

92%
112%

104

81

83

95

98

95%
93

92

99%

29%
29%

31

1946
M&S
North El Co & Nor Pap Mills—
..M&N
1st M 5s 1934-1947

91

93

ref 5%s

31

67

53

85

90

London,

Serv
M&8

86

88

69"

73%

94

95

88

93

90"

92"

M&8

n

Pacific Teleph & Telegraph—
1st & col tr s f g 5s 1937—J&J 2
Ref M 5 s 1952 series A—M&N

93

80

83"

94%

94%

84

86

96

98

94

96

87

88

98

100

82

84

95%
104

84

89%

85%
90%

8

11

85

90

81

87

81

87

34

A&O
El Ry
Pub Serv Corp
Paterson & Passaic Gas & Electric
consol gold 5s 1949
M&S
Pawtucket Gas 4s 1932
M&N
Pecos Valley Power & Light Co.
1st m 6 Hb 1937 ser A
M&N

Parr Shoals Pow 5s 1952

96%
89%

89

90

100

18

16
s

86

101H
100H
87

Pasa & Mt Lowe—See Pac

34%

Deb 7s 1942
Peninsular Tel Co 1st

J&J

5>^s '51 J&J
Light & Power Co—
1st & ref 4Hs 1977
M&N
Penn-Ohio Edison Co—
Deb g 6s 1950 ser A__—M&N

98H

87

74^
71

Without warrants
Deb 5Hb 1959 ser B
F&A
Pennsylvania Electric Co—
1st & ref 5s 1954 ser D
J&D
1st & ref 4s 1971 ser F— M&N
3H% notes Aug 1 1932 — F&A
Pennsylvania Gas & Elec Corp—
Deb gold 6s 1976 ser A—M&S
Pennsylvania Gas & Elec Co—
1st 1 & ref 5 Ho '55 ser A—M&S
1st lien & ref 5s 1958—M&S

Canadian price.

64
95
40

63

—-J&D

Deb 6s 1940

Pennsylvania-Ohio Pow & Lt—
1st & ref 5H« "64 ser A—J&J
Penna Pow Co 1st 5s 1956—J&J
Pennsylvania Pow & Light Co—
1st M 4Hs 1981
—A&O
Pennsylvania State Water Corp—1st lien 5H« 1952 series A-M&S
Penn Tel 5s 1960 ser O.------Penn "Water & Power s f 5s 40J&J
1st ref 4H» 1968 ser B
M&S

36%

r

98

Penn Centra I

38

Nominal.

102

88%

Paterson Ry—See

85

94%
101%

104%

94

77

Pacific Public Service Co—

5-year 5% notes 1936

91

100%

101%
101%

Pacific Power & Light Co—
1st M 6s 1955
F&A

50

B I960.-J&J
1st & ref 5s 1966 ser C
M&N
1st & ref 5s 1969 ser D
M&S
lst&ref m 4%a 1970 serE.J&D
North Ind Gas & El 6s '52.-M&N
Northern Indiana Ry—
1st M 5s 1960
Northern N Y Utilities Inc—
1st M & ref 5s 1963
J&J
1st lien & ref 7a 1946 A
M&N
1st lien & ref 6s 1947 B.-.M&N
1st 1 & ref 6s 1943 G
M&N
1st 1 & ref 5Hs ser D '49..J&D
1st 1 & ref 5s 1955 ser E..J&D
Watertown L & P 5s 1959-J&J
Northern Ohio Pow & Lt—
Gen & ref 5%a 1951
M&S
Northern Ohio Telep Co—
1st s f 5%s 1957 ser A
F&A
Northern Ohio Trac & Light—
1st consol gold 5s 1933...J&J
1st consol gold 4s 1933--.J&J
1st lien & ref 5s 1956
F&A
Gen & ref 6s 1947 ser A___M&S
Northern Penna Power Co—
1st & ref 5s 1956 ser A—J&D
Northern States Power Co—
1st & ref 5s 1941
—A&O
1st & ref 6s 1941 ser B—A&O
Refunding 4%s 1961
A&O
5%% notes 1940
—J&D
Northern Texas Elec Co—
Coll tr s f g 5s 1940 opt—J&J
Northern Texas Traction Co—
1st g 5s 1933 opt 1913- —-J&J
Northern Texas Utilities Co—
1st s f 7s '35 with war
J&J
Without warrants
Northern Utilities Co—
1st lien s f 6s 1943 ser A„M&N
S f deb 6%s 1943
M&N

69
78

76
90%

Guaranteed

Pacific Northwest Pub
Oonv deb 6s 1950

Northern Elec Co Ltd—See Misc.

I In

-J&J

61

Pacific Co—

'43--M&S
Pacific Gas & El ref 5s '42—J&J
1st & mf M 6s 1941 ser B..J&D
1st & ref 5H® 1952 ser CLJ&D
1st & ref 5* 1955 ser D
J&D
1*; & ref 41957 ser E__J&D
1st & ret 4Hs '60 ser F
J&D
Pacific Light & Power Corp—
Pac L & P Co 1st 5s 1942.J&J

101

Last sale.

78

L A Pa R R Cal 5s

75

'15. J&p
Northeastern Public Service—
1st 1 & coll 5%s 1961
Gen'l 1 & coll 5%s 1961
Northern Conn Power Co—

*

93

76

r

Water Co—

s

Los Angeles

94

1st & cons s f 5s '48 op

accruea interest*.

91

J&J

5s 1946 ser E

1st ref g 4s 1950 opt *15.

1st & ref 5Ha ser

65

98

59

A&O
(Minn)'

1970

Pacific Elec Ry g 5s 1942

Northern lnd Pub Serv—

98

91

95

f 5Hs

Ozark Power &

70

1st

&

90

Gen M

North Shore Electric Co—

1st

'65.T&D

A&O

•

Otter Tail Power Co

96

'20—A&O

55

71H

f 5s 1952—
M&S
Pac fic Coast Power 5s 1940.M&S

82

37%

75

Ottawa Valley Power Co—

1st

gold 5s 1937 opt..
F&A
North Calif Pow 5s 1932...J&D

100%

88

M&S

Ottawa Trac 1 st 5H» July

96

North Shore Gas Co of Illinois—

96

90

Ottawa L H & Power—
Ref & coll tr 5s 1957 ser A. A&O

100

65

1957—M&N

53%
58%

55

-J&J
'16.-M&N

Extl sink fund 5s 1963

15

94
80

A.

61

24H

Oregon Elec Ry 5s '33 opt. .M&N
Oregon-Washington Water Serv—
1st M 5s 1957 series A
J&D
Oslo Gas & El Works (Norway)—

80

5

Corp—

57%

100%

f 5%s 1950

1st M

60

68

Orange & Pas Val R—See P S Corp
Orange & Rockland Elec Co—
1st m 5» 1958
..F&A

51

North Jer St Ry—See P S Corp
North Penn Gas Co—

1st & ref g 5s '40 op

s

23

-

1st gu g 5s '45 op bef

100

77%
77

(Hcboken. N J) 5s 1938.-A&O
53

57%

58 1948 ser

Ontario Transmission Co Ltd—

North Hudson Lt H & P Co

52 X

m

1st sf6s 1947

85

A&O

ser

B

ser

45

46

—

Spencer 5s 1945.M&N

1st coll & ref

F&A

5s 1948

in

80

-

62

91

J&J

North Continent Utilities

J&D

36H

1st

i

9J

W & Elec Corp—
ser
\ ..M&N

1956

29

—-J&J

Electric—
80 H

1st

North Carolina Pub Serv Co—

98 %

66

A——F&A
Oklahoma Ry 1st & ref 5s '41-J&J
Old Dominion Pow 5s May 15 '51
Omaha & Coun Bluffs Ry & Br

50

6s 1938

1st & ref 5s 1934 opt

97H

99""

1st M 5s 1950
M&S
Debenture gold 6s 1940
M&S
Oklahoma Gas Util 6%s 1934
Okla Natural Gas 6» 1946 A-.J&J

97

82%

5%% notes Dec. 1 1932—J&D

i65%

M&S

D

ser

1st 6%s 1943 (with wax)

Oklahoma Gas &

77

North Boston Ltg. Properties—

106

86%

100 H
101
90H

A_A&O

Ohio Water 6s June 1933.

1st

%% notes 1932—A&O
A&O
A&O
A&O
5% notes 1936
A&O

sec

IOO HO
/

Ohio State Telep 5s 1944
J&J
Ohio Val Elec Ry 1st M 5a '46J&D
Ohio Valley Gaa Corp—

105 %

86
89

1957 ser A__M&S

North Amer W

68

83

1

83%

Serial 5% notes 1933
Serial 5% notes 1934
Serial 5% notes 1935-

80

1

1st & ref 7s 1947 ser B
F&A
1st & ref 6s 1953 series O.M&S

7%

i

Serial 4

Serial

10

97

Oklahoma Power & Water

North Amer Light & Power Co—
S f deb 5%s 1956 ser S
J&J

35
91

75

5

D.J&D
J&D

Deb g 6s 2024-

93%

Ohio Public Service Co—

if*

91

Deb 5%a 1963 ser B...F&A15
Deb 5b Nov 15 '69 ser C M&N15

26

94%
92%
72

Ohio L & Pow 1st os 1944
Ohio Pow 1st & ref 5s 1952 B J&J

80%

104 %

F&A

Deb 5s 1961
Conv deb 5s

col tr 5%s 1953 »er_A J&J
1st 5s 1957
A&O

m

.

—

o Basis,

§5"

98

Co.

62 M

_

Gen M

55
96

F&A
Ohio Elec Pow 1st M 5s 1957 J&D
Ohio-Kentucky Gas Co—
1st ■ f 6%s 1943 ser A
J&D

1942

1st.

91

76

S
Norf & Ports Bdge 7s 1942
Norf & Ports Tr—See Va Ry & P
Norf Ry & Lt 1st 5s 1949.-M&N
Norfolk St 1st g 5s 1944--J&J

97

22

36

*60—A&O

Ohio Edison

North American Edison Co—

Co—

1st M 5s 1950
New Ijondon Gas &

54

50"

94

Niagara Lockport & Ont Power—
1st & ref 5s 1955 series A.A&O

100

_

5s gold Oct
1st 5s 1952

17
60

io~"

102

M&N

73

93

5

Niagara Falls Power—
1st & cons 6s ser AA '50--M&N

102

71

J&J

A 1957

12

7s

9434
1st M 5s 1951
95%
95%
1st M 5s 1956
Chester
Ltg.
N Y & Suburban Gas—See West
99 %
99%
N Y Tel 1st 4%s '39 tax ex.M&N

North American

ser

57

1%

94" Nippon Elec Pow Ltd (Japan)—
1st uitge 6%s 1953
J&J
94%

5s

m

92

i*

M&N
—M&N
M&N

41

38

--MAN

79

1st con 6%s 1962;
_M&N
Certificates of deposit

N Y Water Service Corp—
1st M 5s 1951 ser A

40

33

Co Ltd—

6s '60 serA.J&J

Ogden Gas 5s 1945

89

J&J
M&S

4%s 1980

49

Ohio Cent Telep 1st 6s *47—J&J
Ohio Cities Water Corp—

3

96

A&O

N Y Steam 6s 1947

Power

conv

1st & consol 5s 1960

New York State Rys—
1st con g 4%s *62 op *13--M&N
Certificates of deposit

New Brunswick
1st M 6s

m

f

m s

1st & ref 4%$ 1956 ser

1st m 5%s 1962—
1st m 6s 1952

96%

47

M&S
'45--A&O

22"

—

N Y State El & Gas Co—

75

3

Nev Calif Elec 1st 5s

3%

91%

84

62

27

95%

1st M s f 5s 1958 ser A— -J&D
Oberpfalz Elec 7s 1946
Ocean City Costal Higliw Bdge—

M&N

65

27

f 7s 1952

2%
1%

A__M&N

82%

1

s

25"

15"'

-

26

Deb

1%

12"

J&J

Ry 5s 1962

1st ref M 6s 1951 ser
1st ref 6s 1952

6%s '57-J&D
——J&D
Mt Wash St Ry—See Phila Co
Muncie El L 1st 5s '32 op 12-J&J
M & U O Tr Co—See Un Tr of Ind
Muncie W W 5s Oct 2 1939-A&O
Municipal Gas Co (Texas)—

Mt Hope Bdge 1st

50"

N Y & Richmond Gas Co—

Telep 5s 1938-J&J

Mountain States Power Co—
1st & ref 5s 1938
---J&J
1st M 6s 1938 series B
J&J

St

20

Northwestern Pub Serv Co—

--

35

34th St Crosst 1st 5s *96--A&O
23d

Ask.

Northw Teleg—See W U Teleg
Nova Scotia Light & Power Co—

Third Ave—See under "T"

1970 serB M&S
Montreal Lt Ht & Pow Co—
Gold 5s 1933 opt 1913
A&O

Mount Home

2%

%
1

'50-J&J
Bway & 7th Av cons 5s '43 J&D
Certificates of deposit
Col & 9th Ave 1st 5s '93—M&S
Lex Ave & P Fy 1st 5s '93 M&S /

1st ref col & sf 5s

Montreal Pub Service Corp—
1st & ref 5s 1942
M&S
Montreal Tramways—
1st & ref g 5s 1941 opt-—-J&J
Gen & ref 5s 1955 series A-A&O
Gen & ref 5s 1955 ser B_—A&O
Gen & ref sf 4^s '55 ser O A&O
Gen & ref s f 5s 1955 ser D_ A&O
Morn side El St Ry—See Phila, Co

43%

Bleeck St & F F 1st 4s

88H

1st

43%

Adj Inc g os Jan 1942
A&O
Bankers Trust ctfs of depofl.

67

,76 %

45

1st

64

Consol—

1951—A&O

Northwestern

42%
1%

Railways—

71M

Power—

Montana

87 %

1st rntge 5a 1941 opt
Union El (Loop) 5s g

1st R E & ref 4s '42 op 'J6.J&J
Guar trust ctfs of deposit—

85

Northwest Louisiana Gas—
1st M 61933 with warr_J&D
Northwest Elec 1st 6s 1935-M&N
Northwestern Elevated (Chic)—■

1965-Apr

Adj income 6s Jan 1
New York

bia

Bonds

Alt

87%

Stein way Ry 1st 6s 1922—J&J
New York Rys Corp—
Prior Jlen 6s 1965 ser A—J&J

75

and income and defaulted borai*

marked

s

Sale price.

97
95

86 H
62 H
90

89"

93

UTILITY

PUBLIC
ttOTin*.

Ail

bond prices

Bid.

Sonde.

Pensacola El Co 1st 5s '31 ._F&A
Peoples Gas (N J) 1st 5s '68-J&D
People's G L & Coke, Chicago—
1st cons g

6s 1943
A&O
Refunding gold 5s 1947—M&S
1st & ret 4s 1981
—-J&J

334% notes
8erlal 414%
Serial 434%
Serial 434%
Serial 434%

July 30 1932
notes 1933
F&A
notes 1934
F&A
notes 1935
F&A
notes 1936
F&A
Chic G L & C 1st 5s 1937--J&J
Oonsum Gas 1st g 5s *30—J&D
lnd Nat G&O g 5b '36 gu_M&N
Mutual Fuel Gas g 5s '47 M&N
Peoples Light & Power Corp—
1st Hon 534s 1941
J&J
Conv deb 5s 1