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1 & tsss BANK/QUOTATION RECORD U. KM. S. PAT. OFFICE MARCH IN RETROSPECT Page Commercial Financial and Cotton ...—--- Course of the Stock Market Hides and Leather 9 Iron and Steel Trade ..16 Dividend Declarations Page 1 Events—. 13 9 Money Market 17 New 12 Security Issues Federal Reserve Bank—Brokers' Loans .18 Petroleum and Its Products.. Foreign Affairs.. Rubber ........ Foreign Exchange 6 53 Grain—Coffee—Sugar—.... — 9 9 ...... 11 . Textiles.. United States 10 10 Treasury Financing 12 INDEX TO STOCK EXCHANGE QUOTATIONS Page Boston Stock Page Exchange 57 New York Curb Exchange... 58 New York Stock Exchange—Bonds 19 54 New York Stock Exchange—Stocks 31 Baltimore Stock Chicago Stock Exchange—... Exchange 41 Cleveland Stock Exchange ..66 Philadelphia Stock Exchange Detroit Stock Exchange ..60 Pittsburgh Stock Exchange Los Angeles Stock Exchange 64 61 ..69 San Francisco Stock Exchange. 62 INDEX TO GENERAL QUOTATIONS Page Banks and Trust Companies— — Canadian ...........111 Domestic 91 Canadian — 03 Bank Bonds 83 Public 91 Exchange Seats Federal Land ** Municipal Bonds— 100 Domestic Public Utility Stocks Utility Bonds ... 73 78 Railroad Bonds 67 81 Railroad Stocks... 71 Industrial Stocks 84 Real Insurance Stocks ........99 Foreign Government Bonds .-92 Industrial Bonds..... 72 Investing Companies Securities.... 111 Securities Mill Stocks—see Textile Stocks— 84 B. DANA William Street, 84 84 Guarantee and Safe Deposit Stocks 84 United States Government Securities..91 Mining Stocks WILLIAM -112 Textile Stocks Title Joint Stock Land Bank— Estate Bonds.. Real Estate Trust and Land Stocks United States Territorial Bonds COMPANY, Corneb op ..91 PUBLISHERS Spruce Street, New York Jtafje gjeptrsit and grnsl Co. —OF BALTIMORE— Capital $2,000,000 Surplus and Profits $4,196,364 1876 this Company has devoted itself cAuiuoively to the management and conser¬ vation of estates—specializing the whole effort of its It is highly trained organization in this business. one of the few trust companies in the country which has never engaged in general Its Directors are: banking, selling securities, etc. Edwin G. Venable Baetjer <k Howard Baetjer Charles H. Babcock William G. Baker, Reynolds & Co. Jr.-Baker, Watts & Co. Howard Bruce Chairman of Board of Balti¬ more George C. Cutler National Bank President of Safe Deposit and Trust Co. of E. Asbury Davis -President of Baltimore United States Fidelity and Guaranty Co. Lyman Delano Chairman of Board of Atlantic Robert Garrett Robert Garrett & Sons Norman James President of James Lumber Co. Coast Line R. R. Co. J. Edward Johnston Capitalist Blanchard Randall Gill & Fisher Charles E. Riernan Pres. of Western Nat. Bank BANK RECORD 0. REO. ». PAT. OFFICE Copyright in 1938 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 VOL. 11 NEW YORK, APRIL 8, Bank month. The Bank and Quotation Record Is one of tbe companion publications the Commercial 3c Financial Chronicle and is issued monthly Terms for the Chronicle and U. 8 and Central America leagues, Dr. a Postage outside of United States year. $1.00 his his charges held guilty was post by an for per copy. of OHIOAOO OFFICE—208 South La Salle Street. WILLIAM B. DANA William Street investigation Southern March COMPANY, Publishers, the purchase Spruce Street. New York corner Co.'s properties to TVA the REVIEW OF MARCH—COMMERCIAL FINANCIAL Independent steps from taxes of in which 11 EVENTS have been directors of the important by municipalities and held Electric developments in & Share Valley Authority, governmental the were activities more during bill, while that of the Senate executive reorganization Senate the was of the passage bill. March on the passage of a new was basis had been peace In what found in which case, it upheld the validity Exchange Commission. ingness to pass without ure that actual case before it, "Congress the govern¬ the activities which could have any ment opposition of Republican-Democratic a the while making concessions which Democrats limits by executive is vie\ved as Government measure The Senate bill has reorganize bureaus and order subject to y.-;y Displaces the Comptroller General by an agencies within congressional y Auditor General with fewer v..^■';1 Establishes Planning (4) a lands held Department of Public Welfare and National Resources a Board. Administrator an (5) Authorizes the appointment for of the six Civil Service special assistants to the Presi¬ of said: the "After for debate naval March 21. March on expansion Aside from congressional action 17 bill, the was the the on special measures mentioned, compromise a tive Ramspeck, March 10. William Labor, Green, measure which increased wage The Senate on widening the to make on that would over to President meeting the of Roosevelt the American organization provide for a passed and March 3 Federal, support of a 30c. hourly minimum the bill of years to Senator 40c. Glass of the Reconstruction Finance Corpora¬ power States and of that government agency municipalities. Committee Maloney bill, which provides for the regula¬ tion of over-the-counter markets, was concluded month on committee, Federation would period of two to three reviving the loans the a of his April 1 scope tion loans and action President intimated with informal, an began draft¬ after its Chairman, Representa¬ measure conferred In other the measure after it State had and, passed by the Senate was been reported to the amended to exempt municipal on securities. ' The during the Senate on dealers in bill was April 1. Tennessee Valley Authority was climaxed A. E. Morgan demanded of the TVA. and a five a President Roosevelt took on March 2 when congressional a investigation hand in the contro¬ and decision a the from oil Federal and gas upholding the the gross on conference years as on President. the tShip of made by was March 4 com¬ The Presi¬ State still is Incidentally, he reiterated his desire minimum wage and hour bill, and later, on March a all exer¬ unemployment relief. press against the "selfishness 23, a few" speech at Gainesville, Ga., where he dedicated a the part of a town square named in his honor, on which at time he demanded higher wage levels in the South. With-the continuance of the economic recession and its resultant effect upon normally inadequate freight revenues, attention was turned during the month to a way out of the rail plight. Following the Interstate sion's granting of increases in Commerce frqight rates on Commis¬ March 8, esti¬ mated to net $270,000,000 annually, the President announced a conference At the attended was and on labor indicated pelled of Walter M. report the conference, representatives of government consolidation of following week. March 15, which on railway railroads might government as a second conference appointed a three-man W. a management officials, the President Following President action of several that by the missioners by and predicament. the the carriers' plight for the conclusion way out for the on committee be com¬ carriers' March 17, consisting Splawn, Chairman of the ICC, and Com¬ Joseph B. Eastman and Charles D. Mahaffie to back to him on by Congress in recommendations "for immediate^ regard to the whole railroad situa¬ I tion." A long standing disagreement among the directors of the Dr^ in confined to routine appropriations. A subcommittee of the House Labor Committee ing billion House voted its approval meas¬ March 7 in which on to two that objectives of the New Deal course." same unwill¬ structure derived income State; a five public utilities for he declared on tax from of memorating his fifth anniversary dent Securities the court's bearing upon the Two decisions vote a A renewal of the dent. Concluding the Other important actions authority." President Roosevelt at on Board. of Chief Justice Hughes financial , Substitutes dollar by could leased income within veto '■ ;,y/' powers. (3) court the right of New York City to impose a 3% levy to days. (2) congressional the following provisions: specified 60 of organization, of the court included: as meeting the Administration's wishes. (1) Authorizes the President cise to as generally regarded are limiting the President's authority, the the revolted, but one Share entitled to demand the fullest in¬ was of executive departments of of & the constitutionality of the whole on an with Declaring the reorganization the negotiations of that part utility holding corporations to register formation About one-third which on Public Utility Holding Company Act of 1935 which requires provide for despite L. considered the most significant decision this was the bill to coalition. Wendell March 28 in its decision in the Electric Bond on said 28 passed March 10 of on and term, the Supreme Court upheld the government six to, and The chief action of the House The new partially respon¬ case Mr. could be conducted. recession, dissension in the the Tennessee Bond Lilienthal between On plan for a districts of exist¬ power Publication a the past month. tax re¬ Willkie, President of Commonwealth & Southern, indicated Administration victory in the Supreme Court's de¬ an cision the AND the part of Congress to relieve the on for the present economic ranks and 22. Dur¬ progressed. 5, Director David E. Lilienthal proposed correspondence sible March on of the TVA resolution providing a ing private electric facilities. Nation col¬ "contumacy" and joint congressional investigation into the TVA. a the his ing the month negotiations for the sale of Commonwealth & LONDON OFFICE—Edwards 3c Smith. 1 Drapers' Gardens, B.C. J to as against President the sulted in the passage by Congress of Record is $10.00 Single copies are sold at extra Morgan from based he Meanwhile, agitation for $20 in other foreign countries. The subscription price to the Bank and Quotation declining to inform the President which on dismissed $18 50 in South Mexico and Cuba, and Argentina). Spain. (except After grounds $15 per annum within the United States are Possessions and Territories; $16.50 in Canada- NO. 4 when he called the directors before him during the versy Quotation Record and 1938 Another change in monetary policy was made during the month when would buy on no further notice. March 27 the Treasury more The announced that it silver from Mexico after April 1 until move was regarded in Washington as MONTHLY 2 Gbverhment in raising of import duties acts of the Mexican expropriation of American oil properties. and the On two v March 28 and 29; the Treasury lowered the successive days, silver a cent, reducing the price price it pays for foreign 45c. to 43c. per from .United States against recent of retaliation by the measure a ounce. ? ' j ; , , charges of empowers demanding. the basis of charges made by TVA Chairman Arthur associates, Mr. Roosevelt said the TVA Act expressly him to create an investigating agency to obtain them. President gave Dr. Morgan until 1:30 p. m. on Roosevelt, in unexpected an announcement early in the morning of March 31, declared that he has "no inclination to be a dictator" and that he lacks "the dictator." Newspaper men, many of them summoned from their beds by White House attaches who accompanied the President qualifications which would make me a successful on of a Ga., were handed copies his vacation at Warm Springs, unidentified Roosevelt had written to an letter Mr. fears that passage of the Govern¬ friend who had expressed reorganization bill might lead to a dictatorship. ment The reply warmly defended the reorganization President in his background too much knowledge of existing dictatorships to make desire any similar form of government in the United and said that he had too much historical measure, and him States. '7:K X ' President said, why the reorganization bill should be approved by Congress in the form in which it passed the Senate. One of these, he continued, is the fact that a Congressional resolution cannot There 0* repeal are two important reasons, the Executive action taken in pursuance of a law, second "is the very remote possibility that some an while the support of his charges March 21 either to submit evidence in stand ordered colleagues Dr. Morgan the White House, and Mr. Morgan to retract charges against at conferred again Roosevelt his On March 21 the three of "contumacy." guilty Directors Dr. face suspension or - - --v - . On March 30 the House adopted March . theSenate by on amendments. On Senate accepted the House amendments, and March 31 the creates resolution several added House the the President for his approval. the legislation was sent to The " - voice vote the reso¬ a passed resolution Barkley 25, by for an investigation into the TVA; in approv¬ lution calling the In reply, removal. or the removal power, and said that challenged he would not resign. ing TVA Directors, on conference with the of close the March 18, the or issued which we quote, added: Morgan against his E. Historical Background President United Press TVA directorate. the on accounts from Washington, from Flatly investigate j;he to create a special agency to powers basis At Be "Dictator**—Let¬ Friend Says He Lacks Qualifications and Has Too Good to tive , President Roosevelt Disavows Any Intention to ter REVTEW special a joint congressional com¬ mittee to conduct the inquiry. The join& congressional com¬ consist of five Senators to be appointed by would mittee Vice-President Garner and five Representatives * by the Speaker of the House. Roosevelt President Message to in to be named *• Transmits Six-Year Congress Water Resources as Em¬ Report of National Resources Committee v Program for Conservation of Nation's bodied in In Congress, on March 10, President Roose¬ message to a report of the National Resources Com¬ legislative situation might possibly arise in the future where mittee, which recommends a six-year construction and in¬ the President would feel obligated to veto a joint Congres¬ vestigation program "for the utilization and conservation sional resolution and probably require a two-thirds vote to of the Nation's water resources and a unified policy of transmitted velt a . override his veto." . • ■ 1 *„ ■ . control water Small Business—Secretary President Roosevelt Acts to Aid Large and Morgenthau Heads Committee to Study Question Short-Term Credit of Long-and Congress Roosevelt in the furtherance of financial aid for business, large and small, was made known on March 24 by Secretary of the Treasury Morgenthau at Action taken by President conference. Before leaving Washington, on 22, for a brief vacation at Warm Springs, Ga., the President, according to Secretary Morgenthau, asked the latter to head a committee to study and report on the ques¬ his press March bandry of Exchange owing to the business and legislative uncertainty, months reported turned over to the committee by the President. On March 24 Mr. Morgenthau was quoted as saying: were The President asked email business received had business left he gave me every suggestion which he There will be other meetings. It is a very im¬ of long- and short-term credit. constructive. / portant matter involving the whole question will We try to work out something to Congress, Morgan Removed by President Roosevelt as TVA Chairman —Inquiry on TVA Voted by Congress President Roosevelt announced on March 22 that he had removed Dr. Arthur E. Morgan from his office as Chairman 7:1 and member of the Board of the Tennessee and the at that he had announced time same Valley Authority, Harcourt A. Chairman. as along with Morgan, appointed of his personal investigation sent the record of the controversy among the Directors, together with an opinion by Solicitor Gen¬ TVA Robert H. Jackson, eral (March 23) the President, The following day special message to Congress, a Dr. remove object to a The President said that he does not Morgan. "fair" upholding the. President's right to legislative inquiry into TVA, and the is of Congress to undertake at may President duty to take that the laws be faithfully executed. care President Roosevelt on time any fair Congress any its policies which sought settle internal to the directorate of the TVA at a conference of at the White House with Chairman Arthur E. dissension March 1 Morgan and Harcourt A, Morgan and David E. Lilienthal, the other two directors.Dr. Arthur Morgan had charged that the other two members of the TVA Board had hampered the operation of the Authority. • ment The two other members issued a state- asking for Dr. Morgan's resignation satisfied with the conduct of the Board's further conference, on March 18, with if he was not majority. TVA At his the Water control, development of the and conservation. soil v as for that in tribute Roosevelt, preserving ing the in and developing that gram built up The need 4. lands, The private need well as Methods 5. lands that con¬ now regrowth, that alarm¬ an become tax-delinquent, had of it is forming a "much no-man's land." new His five-point pro¬ ^ forest timber that insure to be conducted forest private and private Other lands and effectiveness of present activities in protecting lands from fire, insects and diseases, and ot efforts between the Federal Government and the States. measures, Federal and State, which may be necessary and and advisable public The message pointed out forest area neglect, worthless adequacy cooperative as on forest products, cropping operations cut-over included: The public of through almost but our conducive to maximum amount may Congress to message a privately-owned 96% of all not were 2. President Roosevelt- Baiss of Congressional Action in 1939 forest lands in the United States. 1. power ' as cropping on continuous operations, privately-owned forest lands with the productivity of the against future requirements. for extension of Federal, State and community ownership ;7\'. and of planned public management of them. for as and such' regulatory controls as will adequately protect the broad public interests in all forest lands. possibilities of employment in forestiry work and private public forest lands, and possibillities of liquidating such expenditures be involved. are or In his message the President tion may for immediate h of study said"I make this our forest problem sugges¬ by the Congress in the belief that definite action should be taken by the Congress in 1939." r V.'V'/''OK'At President Signs Bill Broadening Powers of Federal Trade Commission Following Adoption by Congress of Measure Relating to False Advertising of Foods, Drugs and Cosmetics - On March 21 President Roosevelt signed the bill designed directors, ;to widen the power of the Federal Trade Commission President Roosevelt suggested that he might use his execu¬ on five-point program designed to develop legislation in a and on confer 14, urged study by a joint congressional committee March But I cannot in the meantime abdicate my constitu¬ deem advisable. tional or flood and Study Urged 3. clearly the right In that message the President Five-Point Survey of Forest Lands Asked by of It of resources added: inquiry into the administration of the TVA "in accordance with my resolution which proposed to a vention of the two other Directors, one President, the said of Aug. 13, 1937, in returning without my approval Department authority to develop national plansi for the pre¬ and Dr. the systematic hus¬ approach to an natural resources, on a democratic regional Senate Joint Resolution 57." 1939 Dr. A. E. illustrate our national plan for the conserva¬ the question and report back to him. to study us time. some to meet to consider loans to industry, including reference for of water resources" was presented subject, including those made officially by the small He asked men. take It will this on us Before he men. frame The "comprehensive basis." vetoed and a tion and development of our Commission made in connection with securities flotations, which have fallen off sharply in recent ities to industry. loans present they before they cause message of in his President, The "careful study of these documents by the legislative programs affecting water conservation and be¬ Suggestions resulting from the small business men's conference and studies which the Secur¬ tion development." and < urges message, unfair methods of over competition by increasing its authority MONTHLY April, 1938] to unfair cover action is amendment an and is advertising metics. the of California, the bill Federal Commission the to designed to give of food, drugs, The bill passed House ■ therapeutic the Senate measure sent was and devices the conference report was "agreed to by the House on and by the Senate March 14. on In the Senate, Senator Copeland of New York in Trade Commission Act from results to be obtained." the 26; Feb. 14 loans, passed in 1914." ■ ■ ... ■ . . made known Feb. 23. ending June 30. year passed by the House was The In the conference report bill before the Senate on "Amendment As 28, disagreement noted was The bill amending the Act of Feb. 11, as United States—Repayment Proposed Without Interest Congress of the proposal by Hungary' asked by President Roosevelt in a message on proposal ago to by John Pelenyi, Hungarian Minister to this Country. The President in his message 835.61, The Senate added an amendment by Senator Lewis B. Schwellenbach (Dem., Wash.), calling for repeal of the Woodrum amendments to the 1937 March 28. submitted to the State Department was month a said: ' The original indebtedness, the principal amount of Washington, Feb. 23: which'was^Sl ,685,- ment made in Relief Act funds over On \<i No. which Feb. of 28 bearing a report March on March 2. WPA distribute must bearing 3% Adams from recede to Woodrum Colorado from amendment. After 1, the Senate agreed The conference report, it to the House Passes Having Means ration / the Corporation. establish received by annual was Feb. on the than rations of to the Corporation, and the newly-enacted as passed by the House 28. The bill of Reconstruction the Finance States all by Corporation "to and transfer right, title and interest in to and to capital stock" of the Corporation which each of them on contracts to President the for tax on on on no of the capital more closely , Tentatively, on held stock House the than kill year. March 11 passed the bill March on or family on a 20% organizations. corporate tellers' ballot of a 11 refused to a The eliminate the undistributed flat levy of 12%% capital gains, on increase in the levy on hard liquor. an roll call provision imposing ' • As to the House's action, March 11, United Press accounts from Washington said: Before held his a eliminate the tax from the bill. to profits tax, impose or is gains tax closely held corporations March 9, the House, the now corpo¬ on their and assets retained on 16% less, but or most corporations on $75,000 modification a 180 to 124, voted Clearance Projects presented reported as 20% surtax a and 1 the House of 294 to 98, and sent the bill to the Senate. the (1) first and above are basket"), the House a vote tax President ,Rooseoelt Authorises Initial Housing Contracts Providing The bill The 20% tax a vote of 233 to 153 to re-insert the wj Slum incomes defeating the 20% holds. for Ways measure, Before passing the bill the House declined by a new Secretary of Agriculture, Credit Administration Com¬ Committee House revision tax of $25,000; excess applies to gains ("third to Feb. 15 and by the Senate on directs the Farm The it After authorizes measure if closely held, $100,000,000, the Sec- appropriation out of Treasury funds. Governor United less the of report the undistributed profits tax; Commodity Credit Corpo¬ determining the net worth" contribution a enable such payment law as the on March 3 with debate. on with incomes .in of the Treasury is to restore the amount of the retary impairment an signed appraisal an In the event that the appraisal shall ; the net worth Bill—Senate Finance corporations with incomes of $25,000 a year March 8 calls for "for the purpose of Revision contained provisions for an income tax <>f 12%% to modity Credit Corporation to $100,000,000 of the assets and liabilities of the Tax Committee proceeded on to the repay pletes Revision of Bill * One of the bills recently passed by Congress and per the President in his message" says Hungarian Government is to a President Signs Bill Passed by Congress to Restore Capital of Com¬ by President Roosevelt of the latter date, by agree¬ ment of interest thereon." denying relief funds to aliens who had citizenship papers. as United States the whole of the relief loan, but without pay¬ on is stated, eliminated simplest terms" the offer of the the report founded „ Tn its the "Amendment was for the first 10 years and thereafter at the rate of 334% ~ • * annum. Senator 434% per annum, April, 1924, into bonds of Hungary in the aggregate principal of $1,939,000, maturing serially in the succeeding years for 62 years, amount available its vote of 34 to 9, had agreed to the conference House amendment not filed the agreed the on House, by that interest accrued thereon from May, 1920, to December, 1923, was at the rate of period. motion on 2," provides 12-month a the Senate o Con¬ of 11, 1937, and signed by President Roosevelt day. same created was passed by both branches was The explained in United Press advices from was which Feb. on Corpo¬ was 2"—dealing with the so-called Woodrum No. amendment. Feb. the to for the settlement of the latters debt to the United States the bill, which came on Corporation, $9,011,010, had been authorized by the. Consideration by Feb. 16 and by the Senate on on Finance The Disaster Loan Corporation bill a the help in financing Works Progress Administration relief projects during the fiscal on President Roosevelt in Message to Congress Urges that Consideration Be Given to Hungary*s Proposal for Settlement of Its Debt to had signed the deficiency appropriation bill of $250,000,000 to was House the approved May 28, 1937. was March 2 that President Roosevelt on bill The by 1937, making it applicable also to floods occurring in 1936, $250,000,000 for WPA Relief Projects was 1938. in 16 and . President Roosevelt Signs Deficiency Appropriation Bill of It Feb. on 1937, Mr. Jones reported that 7,525 separate aggregating the on ■' disasters to Senate Reconstruction Corporation. gress ■ the ration during foods and drugs that has prevailed since the Federal Trade ' apply with respect to the operations of the Disaster Loan Federal under was it the bill extending a of the Disaster Loan Corporation so In a letter addressed by Jesse H. Jones, Chair¬ of man "It will," he said, "serve merely to i , Chairman of the Senate Banking and Currency Committee, perpetuate the same ineffective control procedure as regards Commission Act by Fetfy 18. practical of standpoint make passed opposing the bill stated that it makes "no appreciable change in the existing to as March 14, on President Roosevelt signed the lending authority cos¬ Jan. on ' ity of Disaster Loan Corporation On March 3 Jan. 12 of this on conference to Act, false over signed by was Feb. 3, this year. on President Signs Bill Passed by Congress Extending Lending Author¬ March 29, 1937, while on passed it in amended form The year. Trade effective control more (the Wagner-Steagall Act) President Roosevelt of Montana (Democrat) (Democrat) Representative Lea embodying amendments to the United States Hous¬ ing Act of 1937 March 14. on Sponsored by Senator Wheeler and A bill Congress completed deceptive practices. or the bill on 3 REVIEW final passage, ; - the House reaffirmed: Elimination of the eo-called third basket tax on corporations. income \ : of . ■ closely ■. (2) Increase of the liquor tax from $2 to $2.25 a gallon, designed to up for revenue lost by elimination of the third basket levy, v y. Provision adding 6c. to the present 3%c.-per-pound excise tax on approval by Nathan Straus, United States Housing Au¬ thority, providing for low-rent housing and slum-clearance make projects w£re signed by President Roosevelt imports of pork and pork products., on March . (3) 17. (4) Publication of corporate incomes of The projects are in Austin, Tex.; Charleston, S. C.; New Orleans, La.; Syracuse, N. Y., and Youngstown, Ohio. On March 9 Mr. Straus earmarked a housing projects up to the of ' entire of amount $500,000,000 provided in the Wagner- Steagall Act, which was signed by President Roosevelt last September. With the earmarking of the funds on March 9, Mr. Straus said "the size of several projects and the amount of the loans approval will action." y be submitted to be materially shortly to the President for increased by reason of this tax 8% to 11% plus undistributed profits taxes of from 7% to 27%. earning more than $25,000 would pay an undistributed Corporations profits tax of 20%. to the $300,- distributed. on begun committee tax topi rate to a minimum of 16% if all earnings on was on were ^ ^ Hearings were the bill by the Senate Finance March 17, and revision of completed on March 31. the Committee bill by the The Senate Finance March 24 eliminated the undistributed profits principle from the bill and modified the capital gains 000,000 that could legally be paid out in the next 22 months, the Housing Authority had allocated $168,445,000 up to voted a March ,9, it was reported. tions for They would get credits of 4% of dividends distributed which would reduce the Committee ■ On the original basis of limiting earmarkings more than $75,000. bill, corporations earning less than $25,000 a year would pay graduated from 12%% to 16%. At present they pay normal taxes Under the i tax. In place of the undistributed profits tax the committee flat 18% tax corporations on corporate net income, with excep¬ earning less than $25,000 per year. 4 MONTHLY BEVIEW The For the House capital gains tax it substituted a formula patterned after a similar tax in the Revenue Act of 1924, giving options in declaring both long-term capital gains and long-term capital losses whereby persons; with comparatively small incomes could receive benefits greater than those* with large incomes* On March 25 the vote the passage on the House on the bill in of March 21 came after that body had rejected by a vote of of flat rates to 113 a motion by Representative Church (Republi¬ of Illinois to recommit the bill to the Committee on Naval Affairs with instructions to report it back with an 274 can) 1 amendment calling for the? striking out of the provision gift .authorizing the construction of 105,000 additional tons of capital ships. .taxes.:: V 1 V. The bill was favorably reported by the House Naval Senate Passes Government Reorganisation Bill-—Many Protests Affairs Committee on March 3 by a vote of 29 to 3. The Lodged Against Bill House concluded' debate on the measure on March 17. : The Administration reorganization bill on March 28 was approved by the Senate by a vote of 49' to 42, shortly after Senate Passes Glass Bill to Widen RFC Lending Powers in Behalf of Industry—Plea to Extend Same Authority to PWA Rejected the Senate, by a vote of 48 to 43v had defeated a motion The Senate passed on April 1 the bill sponsored by Sena¬ sponsored by Senator Walsh to recommit the measure It tor Glass, designed to widen the scope of Reconstruction was estimated that within 48 hours of the time the vote Finance Corporation loans to business and revive RFC was taken Senators whose position was doubtful received committee eliminated the proposed estate new and flood of telegrams regarding the measure, of which about 95% urged' that it be defeated. The reorganization measure was sent on March 28 to the House, which last year ap¬ a proved two reorganization bills On March 29 the Demo¬ cratic members of the special House Reorganization Com¬ mittee decided Senate substitute to The bill. bills four acted House measures for the by upon the House last part of the four House measures involving government reorganization plans of the Administration. They were passed, respectively, on July 27 and Aug. 13. were year From United IPress: advices from Washington, on we would already have? been approved by the measures be incorporated The other two measures, coinciding with Senate provisions for creation of an Auditor General's office for post-auditing: expenditures,, still are- pending The pending House bill would retain the Comptroller General's office, limiting its powers to pre-auditing. ; One of the approved House bills is similar to a provision of the Senate's omnibus measure, authorizing establishment of a new department of public welfare and consolidation The would other in broad bill for action. a of various relief and welfare agencies. give President the six at an tion of a single administrator for the civil service instead of the present bi-partisan, board';..v;!!! ■■■•v.:-:'-v-v committee House March 30 reported favorably passed by the Senate. House debate began on March 31, after the House had voted by 202 to 143 to d'ebate the measure under rules permitting each member to speak for one hour, after Admin¬ the substitute four on bills for the measure istration leaders had failed to obtain unanimous consent to limit debate to six The hours. outlined by the Senate follows in United Press Washington ad¬ as vices, March 28:- ■'i.V-'-V Authorize the President to reduce, coordinate and reorganize the various executive agencies* with the exception of independent establishments such the Federal Communications Commission. Abolish the administrator, the merit civil bi-partisan who to would be cover !!v' system. Abolish Civil Service Commission in authorized to develop, favor of a single expand and revamp The President also would be authorized to extend the system. service 200,000 Federal workers not now under the merit v''V, Executive Department. Auditor General. Accounting A system of post-audit would be established under an Create Federal welfare be a Provide , Department of Welfare into which a agencies member for six of would approximately a be incorporated. the President's administrative The score of department's head Cabinet. assistants the to who would be authorized to make rules and regulations for their cooperation with the various* The Administration's $1,121,546,000 naval expansion bill, calling for an increase of approximately 20% in the United States naval armed forces, was approved by the House of Representatives on March 21 by a vote of 249 to 100, with¬ important changes in the text as originally pre¬ by spokesmen for President Roosevelt. The measure immediately went to the Senate, to become the subject of hearings before the Senate Naval Affairs Com¬ any sented to Congress mittee, where it is expected to provoke debate on the Ad¬ ministration's foreign policy and the vulnerability of battle¬ Stating that the measure author¬ izes a general 20% increase in the Navy's fighting strength over treaty limits, including 47 combat vessels and 22 ships to airplane attack. auxiliaries, United 21 also had March Increases authorized, . include:. Press the but accounts from Washington following to say, in part: for which ' v!,w'" Three on appropriations must still be made, v•.!'!'■• ... battleships, which, with the four ordered constructed or appropriated for in the 1939 naval supply bill, will give the United States 18 modern, under-age dreadnaughts. new Two aircraft carriers, making a total of eight. Eight additional cruisers, making a total of 47. Twenty-five more destroyers, making a total of 147. Nine more submarines, to bring total strength to 58i The marine the amendment sought in 22 auxiliary vessels will include five destroyer tenders, three sub¬ tenders, four large seaplane tenders, seven small seaplane tenders, and three repair ships. addition* the measure authorizes 960 airplanes and specifies that the Navy's minimum air strength shall be 3,000 first-line planes. It also authorizes construction of a dirigible and earmarks $30,000,000 for experi¬ mentation with deadly torpedo boats—commonly referred to as "suicide In ships"—and' airplane engines and munitions. in Senate the to restore to on March 27. Corporation made the Corporation legislation. newly-introduced the the right Defense Appropriation Bill Totaling $1,000,000,000 Pushed Through Congress—-House Passes $448,116,280 War Department Bill and Senate Approves $549,227,842 Navy Department Measure measures carrying a total of approximately Si ,000,000,000 for the Army and Navy during the fiscal year ending June 30 1939 were pushed toward enactment in Con¬ gress this week. The House on March 29 passed and sent to the Senate the largest War Department Appropriation Bill since 1929, with a total of $448,116,280, or $32,853,130 more than allotted last year and $5,222,551 less than the Ad¬ ministration asked. The Senate on March 30 passed the Navy Department Appropriation bill as it came from committee. The Naval Appropriation Bill was passed by the House on Jan. 21. $549,227,842 House Passes Bill Liberalizing Provisions of Compensation Benefits for Widows and Children of World War Veterans—Would Pro¬ vide Pensions for 5,000 The House on Additional Widows March 21 passed the Rankin bill liberaliz¬ ing the provisions of the existing law governing death com¬ pensation benefits for widows and children of World War There veterans. record vote on the bill, passage of action on the Gasque pen¬ provide pensions for more The Rankin bill would grant Federal was no which was hastened to postpone sion bill, designed, it is said, to than 175,009 widows. pensions to approximately 5,000 additional widows of World weterans and their United families. from Washington on March 21, on that date, said: Press advices referring to the House action The Rankin bill makes three important changes in the present law: Reduces from 20% to 10% the amount of disability the veteran incurred in the service before hie family alter hie death is. entitled to a pension. Scraps the provision that Eliminates the her claim-to a departments and- agencies of government. House Passes 20% Naval Expansion Bill—Measure Goes to Senate out introduced was date Chairman Jones of the same 1931, could' not claim President, Mr. Ickes public a letter addressed to Senator Glass, on March 21, stating that he was authorized by the President to request War General? the Office and the post of Comptroller General^ transferring their functions to the Director of the Budget in the would the RFC of major provisions of the bill passed were as "cooperation" between the RFC and" the PWA. sought an amendment authorizing the PWA to make loans and grants to States and municipalities. The bill of Senator Glass to broaden the lending powers Appropriation assistants anonymous annual salary of $10,000 each, as provided in the Senate measure.! The second" unpassed bill provides, as does the Senate bill, for substitu¬ The mitted^ despite a request by Secretary of the Interior Ickes, Administrator of the Public Works Administration, for . Two of the four substitute ahd House On the take the* following: House March* 29, to make loans to States and municipalities. The Banking Committee approved' the bill on March 30. The Senate committee, in. approving the bill on March 29, made no change in the measure as it was originally sub¬ power a woman who married pension at his death. stipulation that a widow must a veteran after July 1, a prove within three years pension... Senate PassesMaloney Bill Providing for Regulation of Over*Counter• Markets The Senate March 31 passed, without a record vote, the Maloney bill providing for the establishment of a mech¬ anism of on regulation over-the-counter dealers and 17 by Senator Maloney of Connecticut, the bill provides for self regulation under the supervision of the Securities and Exchange Commission!. Under the bill provision is made for the registration with the brokers. SEC the of Introduced national among on Jan. associations over-the-counter market, of brokers and dealers in with authority for such associations, organized on a geographical basis, to draw up their own rules and1 regulations, subject to the ap¬ proval of the SEC. The bill was reported to the Senate on March 3 by the Senate Banking and; Currency Committee after it had been amended to exempt transactions of dealers in Federal, State and municipal securities from provisions of the measure. A bill along the original lines of the Ma¬ loney measure was introduced in the House early in March by Representative Lea. ^ United States Supreme Court Upholds Registration Clause in Utility : v'■=' Holding' Company Act ' ■\S' The United States Supreme Court, in a 6-to-l ruling, on March 28 upheld the constitutionality of the provision in the Public Utility Holding Company Act of 1935 requiring holding companies to register with the Securities and Ex¬ change Commission and subjecting them to penalties if they failed to do so. The decision was regarded as a major New Deal victory, since the case, which was brought on appeal by the Electric Bond & Share Co., was considered one of the most important to be ruled upon by the Supreme Court during the present session. > The 5 MONTHLY REVIEW April, 1938] opinion was rendered by Chief* Justice McReynolds cast a negative vote, but did not deliver a separate opinion. Justices Cardozo and Reed did not vote. After discussing the Congressional' Court's Supreme Justice Hughes. with Justice Benjamin N. Oardozo taking no part in ^consideration of the case. The tax has been continued by New York State, with the State govern¬ ment now appropriating two-thirds of the proceeds. The original tax was levied by the city under general authority granted by the State. A 16-page decision written purposes of the law, to protect investors and consumers! by Justice'Stanley E. Reed upheld the im¬ who might be "affected adversely" by ^operation Of public1 position of the special tax upon utilities as a Whole, declaring that this was utility holding a Chief Justice Hughes said: concerns, Without attempting to state the limits of/ permissible regulation in the; execution of this declared policy, we have no reason <to doubt that from; these defendants, with their highly important relation to interstate oom-i merce and the national economy, 'Congress was entitled to demand the ■■ fullest information as to ^organization, financial structure and all the activities which could have any bearing upon the exercise of Congressional authority. The regulation found in Section 5-B goes no further than to require this information and We are of the. opinion that its validity must' be sustained. The valid classification. discrimination or other justified, -the based Court court was unconstitutional general A tax on gross income was also holding that taxation of net income "is mot a com¬ ..... It added that "taxes are . repeatedly imposed regard to responsibility for the creation class without on a group or relief of -the condition to be or remedied." United the stipulation of facts upon The decision denied that there between the transit corporations and business in pulsory methodi Statee Court Declines to Review Ruling of Lower Court Holding Unconstitutional Kerr'Smith Tobacco Act ... findings of the District as utilities within the classification. On March 28 the United States Supreme Court declined ruling of the Sixth Circuit Court of Appeals holding unconstitutional the Kerr-Smith Act to regulate the Chief Justice Hughes, it is stated, rejected the request of the Electric Bond & Share Co. that the constitutionality, production of tobacco; the ruling also called for the refunding of $607 in taxes paid by an individual grower under the Act. of the Act be determined at this time. As to the Court's United Press advices March 28 from Washington said: conclusions, the United Press advices from Washington, leave in no to interfere in the of Court other firms than a O. H. Smith of Fayette County, Ky., sued on the grounds that the Act said, in part: action holding transactions commerce. March 28, The doubt that these defendants are engaged in for room interstate was appeared leave to the under registration The law later unconstitutional. was repealed by Congress. utility The Government contested the award of the Circuit Court and asked the Act. A considerable, Supreme Court to review. The high tribunal, without stating its reasons, anticipation that the, refused to consider the case. alternative no of the industry has already registered in constitutionality of the provision. would be upheld. The principal point of contention was whether section to ... A total of about $2,000,000 was paid in taxes under the Kerr Act while and it was in force. Because of the lack of'Opinion-in today's case, the dis¬ The position of the rest of these taxes was not immediately clear. government contended that they were separable^ and that the' registration t Enacted in June, 1934, the'Kerr Act was repealed in 1936 immediately provision in itself constituted a valid regulation in as much as it would after the penalty provisions throw of the from registration other provisions. Act's Supreme Court invalidated the valuable structures separable were the (Publicity intricate on holding companies. dealings financial and corporate program. The -Electric Bond & Share attorneys, however, charged that the government, by confining of the clause York was The of Court, . "We . need said, not furnish a tional the AAA. issue New Concepte of Federal and State Taxing Powers Drawn by United States Supreme Court Decisions—■Tribunal Upholds Federal . fully where the Both these by both the southern tribunals held Taxes and the that originated, case thet utility companies which refuse to regis-, on "does not determine now have continuous and denied be transgress pro-! constitutional any extensive the to precise power extent these It is enough defendants that they do ' operations in that commerce, and Congress ; the demand to information which would; correction or control, and to appear determine what Congress is entitled to consider and regulation to essential is estimate whatever or evils to Investigate Motor Industry eral Trade Commission "to investigate the policies employed ' by manufacturers in distributing motor vehicles, accessories and parts, and the policies of dealers in selling motor as extent The of these policies affect the public inter¬ concentration distribution injurious The retail, The purpose of the warehousing, and ments when moved it overruled long-established two previous decisions and re¬ restrictions on the authorizations State and Federal Governments strumentalities. In both investigation is to determine: of and sale, control or monopoly in the extent, and methods employed. to which any if from oil and gas lands leased from Court ruled that it of the law was a State. dealing with The majority intended to meet implies the a a to destroy." power United Statee Supreme Court Denies Review of Constitutionality of Kansas Public Utilities Act—Other Rulings by High Tribunal United States Supreme Court on March 14 refused a Kansas State Supreme Court decision that the Kansas Public Utilities Act is constitutional when inter¬ The to review v rupted to allow a municipal utility to invade a distant territory in competition with a privately-owned utility any, as to unfair already operating in the cate of of the anti-trust laws are being violated on each other's in¬ cases manufacturing,' ' Senate passed the resolution to tax the Court held, by a 5-to-2 vote, that the Federal Government can tax income derived that "the power to tax On March 21 the House passed a resolution of Representa¬ tive Withrow (Progressive) of Wisconsin directing the Fed¬ extent State Supreme Court on March 7 further clarified the taxing powers of the State and Federal Govern¬ "unique pro¬ special case." The minority contended that the decision destroyed concepts of the taxing power which have prevailed since the decision of Chief Justice Marshall in 1919, in the case of McCullough v. Maryland, in which the State was prohibited from tax¬ ing a Federal bank in Baltimore, and in which he said to need supervision, Congress Pastes Resolution Calling upon Federal Trade Commission vehicles at a States of the appropriate in the national or necessary exist." The Oil Land Leased from vision guide to the regulation "Regulation is addressed to practices which est." on United The of what interstate commerce. in interest. suitable, . Jan. 6, 1936 declared unconstitu¬ on . actually engaged cannot •• Supreme Court the "registration that separable and valid. was Hughes evading the was denied upheld were Appeals. imposition of penalties Justice vision." are District clause, They regulation. contentions Court registration clause ter, valid a Federal District registration constitutionality. government's Second the to case basic itself in The New the Act's Agricultural Adjustment Act „• v March 31. denied was from without obtaining a certifi¬ The Kansas Gas & Electric Co. area public convenience. a review when the Court dismissed its appeal the decision of the lower tribunal holding the State Utilities Act constitutional. Wagner National Labor Relations Act Applicable to Companies( Doing Less Than Half Business in Interstate Commerce, Supreme Court Decides in Santa Cruz Fruit Packing Case—-Court Also Rules in Favor of Negro Alliance in Case Involving The National Picketing Labor Relations Act is applicable to the Santa Cruz Fruit Packing Co. of Oakland, Cal., which ships less than 40% of its products into inter-State commerce, Recent Assumption by Hugh R. Wilson of Post of United States Ambassador to Germany Hugh R. Wilson, who was named to succeed William E. Dodd, resigned, as United States Ambassador to Germany, presented his credentials to Chancellor Adolf Hitler at Berlin on March 3. Mr. Wilson, who was formerly according to a ruling March 28 by the United States Supreme5 Assistant Secretary of State, was named to his new post by Court, delivered by Chief Justice Hughes, which sustained a President Roosevelt in January. The resignation of Mr. decision by the Ninth Circuit Court of Appeals holding the Dodd, effective in January, was tendered in December. company subject to the law guaranteeing collective bargain¬ Senate Confirms Nomination of Ernest G. Draper as Member of ing to employees, and prohibiting unfair labor practices. Board of Governors of Federal Reserve System The Supreme Court also ruled on March 28 that there was justification for excluding disputes arising from "dis¬ crimination in terms and conditions of employment based upon differences of race or color" from terms of the NorrisLa Guardia Act limiting injunctions in labor disputes. Justice Roberts (said the Associated Press) delivered the decision which reversed that of the Court of Appeals for the District of Columbia, enjoining members of the New Negro Alliance from picketing stores of the Sanitary Grocery Company in Washington. Justices Butler and McReynolds dissented from the views of their colleagues in the labor and racial disputes. no United States Supreme Court Holds Valid New York 3% Unemploy¬ ment Relief Tax on Utilities The United States Supreme Court on March 28 upheld of utilities imposed by relief. In outlining the ruling, a Washington dispatch of March 28 to the New York "Herald Tribune" said in part: the 3% tax on the gross income New York City for unemployment . Efforts of the New York Rapid and Queens Transit Corporation and the Brooklyn Transit Corporation to recover $2,000,000 paid from January, 6 1035, through June, 1936, were defeated by the Court's unanimous decision, The nomination of Ernest G. Draper to be a member of the Board of Governors of the Federal Reserve System was confirmed by the Senate on March 23. Mr. Draper succeeds Joseph A. Broderick, who resigned. Previously, on March 22, the nomination of Mr. Draper was approved by the Senate Banking Committee. He will serve the unex¬ pired portion of the term of 14 years from Feb. The nomination of Mr. Draper President Roosevelt 1, 1936. March 11. on was sent to the Senate by Railroads Granted 5% Net Freight Increase by ICC The Interstate Commerce Commission the railroads nominal on March 8 granted 10% increase in freight rates. After excluding certain commodities from the general in¬ crease and allowing for a stipulated deduction of a former a rate rise, the new net over-all rise is estimated at 5%. This, it is estimated, will produce approximately $187,000,000 additional freight revenues. The railroads requested a flat 15% increase. The Commission postponed action to a later date on the Eastern carriers' request for an increase in passenger rates, from 2c. to 2.5c. a mile. 6 ' ?:i1; EEYIEW MONTHLY jV.'t; ;;■! Reciprocal Trade Agreement* u Seventeenth of the series of reciprocal disbelief, however, regarding the assumption that the United ^ trade agreements States world could encourage each nomic in effort to stimulate international trade goodwill. Hearings on the proposal in Washington acrimonious at times, and considerable opposition was other, in and were years recent the remain neutral in the event of not another Both beliefs might be "dangerously conceived war. by Secretary of State Cordell Hull is a pact with Czechoslovakia, to which signatures were attached on March 7.'; Under this treaty the United States and Czechoslovakia grant material concessions to negotiated misapprehensions," the Ambassador said. ,,He added em¬ phatically that this country would be glad to join and other nations in based program a peace on eco¬ limitation of armaments and the sanctity international commitments. The advance of the Spanish of recovery, insurgents occasioned a demand for relaxation of the "Neu¬ expressed to any lowering of tariff rates on Czech products trality" Act bar against Shipmeuts of American munitions which compete to But Mr. Hull with American manufactures. through to conclusion, even while dis¬ cussions Were in progress for the proposed pact of a similar nature with Great Britain. The pact with the Prague regime extends to Czechoslovakia tariff concessions on 63 pushed the treaty loyalists in Spain, but Mr. Hull declared on March 18 policy of non-intervention and neutrality would be continued. He took occasion on March 21, however, to ex¬ that the the "sense of horror" felt in the United States with to the insurgent airplane bombing of helpless press regard including types of shoes that aroused much oppo¬ A new principle was introduced to cover the prob¬ lem of shoes, as the pact indicates that the lower rates are civilians. to has items, .v sition. long as imports from Czechoslovakia do 1*4% of the domestic American production. On the United States reserves the right to increase apply only not exceed any excess The Czech concessions bind American cotton and the tariff. copper so of that country, while duties are quotas liberalized on many important items, office machinery, electric refrigerators, automo¬ the free list on lowered or such as biles and farm The pact will become products. effective April 15 and will continue in force for at least one year, and v':wW;. -v"i^ indefinitely if not denounced. Naval Limitation v Just about limitation States two Governments, all pretense restrictions tive after the London treaty of naval French and United years signed by the British, was March that pact were cast aside.,. Late in signatories of that treaty concluded pro¬ discussions of their naval experts, which were the tracted found of the modest qualita¬ even of three Japan because necessary said was be to building ships exceeding the limitations of the accord. There is no official knowledge of the Japanese program, and it is note¬ worthy that repeated suggestions at Tokio for private diplo¬ matic inquiries were ignored. In an exchange of notes published April 1 the British and United States Govern¬ on ments announced their decision to invoke the so-called esca¬ lator took steps of clause 1936 the treaty, by this action and they the construction of battleships larger carrying guns of any suitable caliber. Government acquiesced in the measure, but toward than 35,000 tons and The French that indicated limitations nental of not build Powers did British between exceeding vessels 1936 pact until and the European conversations are would it the unless other Conti¬ so. It is and United understood States that experts continuing with a view to determining the new upper of tonnage beyond which the two countries will not The State It is held likely in in building ships. 41,000 tons will be go that Washington the new maximum. Japanese authorities made no comments on the British and American decision, but Tokio reports indicated much bewil¬ there. derment ' Indications the that were foreign American Foreign Policy aspects events States is receiving of the United policy the most careful study at Washington, but some important of that policy still remain obscure. The rushing in Europe, and especially the German march into Austria, heightened greatly the general interest in our for¬ With regard to the German conquest, Secre¬ eign policy. of State Cordell Hull indicated on March 19 that a tary realistic would view taken. be He issued a statement Germany's acquisition of Austria, acknowledging the disappearance of the small German assailing the method of but Hull engaged in a longer discus¬ On March 17 Mr. State. sion of foreign policy before the National Press Club in In this address he sought to further the bill Washington. when he declared at his retreat in Warm Ga., that the scope of the proposal should be widened to provide an asylum for the oppressed of Spain, Italy, Russia and other lands, regardless of religious de¬ nomination. It was indicated, however, that no relaxation of immigration restrictions is contemplated or intended. Springs, Although this suggestion is not likely to improve diplomatic relations stinct tries American i concessions to "violators of international decen- to those who practice "blind extremism." Recent attacks by those who question the strict accuracy of Mr. Hull's many denials of engagements of one sort or another with England also were answered, in a manner. The Secre¬ tary declared categorically that the Administration scrupu¬ lously had followed the traditional policy of avoiding en¬ tangling alliances and involvements with other countries. But he urged the method of conferences and exchanges of information with other countries interested in peace, and cies," or dictatorships, Switzerland. in American The idea, according to State a Department summary of the notes, is that representatives to the meeting should be named by the governments, but financing of the oppressed emigrants left to private organ¬ izations within the interference respective countries. Belgium and the In is no sense any contemplated with the word of existing agen¬ cies dealing with this problem. Great Britain, France and their signified promptly almost Latin-American all project sympathetically. intention to cooperate, likewise countries viewed German authorities expressed sarcastic pleasure at the prospect of disposing of "crimi¬ nals" and "incorrigible opponents," while Italy indicated opposition to the suggestion. An the European diplomatic tangle disturbing element into Austria of ; European Appeaeement ■ Into her on new and highly the Brenner Pass and along and Hungarian borders. believe that England and France these a introduced when Germany marched was March 11 and 12 and stationed the troops on enlarged territory the Czech developments, although There is were a some reason taken by surprise little advance notice The aim of European appeasement by possibly was given. negotiation certainly was set back decidedly, although "ap¬ peasement" of The forward. the larger entire nations through force was set affair promises to echo in European diplomatic conversations and arrangements for a long time to come, and in the meanwhile much apprehension exists the to as next and his Nazis country against which Chancellor Hitler apt to strike. It is held almost inevitable that Czechoslovakia will be the next victim, as that central are European country stands in the way of Herr Hitler's desire expand the German Reich eastward and contains some 3,500,000 Germans in any event. The steps that Premier Mussolini may possibly take also are arousing speculation to and degree of uncertainty, although it is the general im¬ a of his of force that tends to bring in its wake international anarchy and a relapse into barbarism. He made it plain that there will be no every humanitarian in¬ Moreover, virtually all the coun¬ promptly signified their whole-hearted approached short Mr. Hull bitterly denounced the doctrine the approval, and a formal international movement is assured. So heartening was the response that the State Department found it possible to suggest, on March 29, that the first meeting of the committed should take place soon, preferably pression ments with applauds the idea. for naval expansion by expressing the view that anything of the proposed increase of American naval arma¬ would lay our country open to unpredictable hazards. President political, refugees. of day, lowing by i/'; afforded in various ways during March Germany from sumably Roosevelt gave added force to the proclamation on the fol¬ to ,V Department made known on March 24 that it proposed to nine European countries and to all in the Western Hemisphere the establishment of a special com¬ mittee to facilitate the emigration from Austria and pre¬ limit for the present -Jv,: •';/■; Political Refugee» that the Italian insurgents, being. The view making British of the further the French and forays unlikely for the time Governments took a realistic European situation and acknowledged conquest of the small Germanic neighboring Chamberlain's In England the question of following or Mr. Eden's idealism was realism under public debate at the start of the month. some resources central State late in March. Mr. strained ':s!-: German the dictator country in taking Ethiopia and helping the Spanish demonstrations There against the Prime Minister, were but the country as a whole appears to settle quickly into line Mr. Chamberlain. Negotiations with Italy for a pact settling all outstanding problems of the two countries were pushed rapidly, and by the end of March it was reported with procedure along parallel lines where the problems are alike. that signatures to a new treaty might be attached by or on Easter Day. These discussions covered not only the ques¬ Isolation is not the answer, according to Mr. tion of Ethiopia, the that if may be a fruitful This declaration declaration of was source followed American views Hull, who held of insecurity. on March to the 18 by a British public people, through our declared inaccurate the impression prevailing in some quar¬ Kennedy. In a speech before the Pilgrims Club, of London, Mr. Kennedy new Ambassador, ters that the United stances short of an Joseph P. States would not fight in any circum¬ actual invasion. He also expressed Mediterranean, and propaganda cam¬ paigns, but also that of the Italian "volunteers" in Spain, it of seems. course, overcome, any The German expansion introduced new elements, but the uncertainty of that change quickly was and the conversations continued with little if interruption. There were also some discussions with Germany, at the start of March, but these apparently were broken off when the Hitlerites marched into Austria. Inti¬ mations were given in London that the problem of colonies MONTHLY ^REVIEW April, 1938] would with discussed be not tbe Reich, but the question whether Great Britain may asked elsewhere was acquiesced in the German move at the price of a not have German for the time being the demand for a the colonies taken from the Reich by England decision not to press of return as Vi^ws of the British Cabinet on the European events were placed before the House of Commons, March 24, by < Prime Neville Minister Chamberlain. Although the state¬ eagerly awaited, it contaiq^d no surprises. He made it clear that his policy of hard realism, which forced out Captain Anthony Eden, would prevail. And in the meantime, British rearmament will be speeded still more. The British attitude with regard to Czechoslovakia formed the key point of the statement, and the Prime Minister stated flatly that prior guarantees could not be extended. He made it clear that the Cabinet ment foreign policy was on the question of military action to had reviewed fully back French measures insuring Czech independence and leadership in a direct assur¬ of its own. But either course might have involved war up any also had considered taking the ance could not exer¬ unequivocal commitments, dangers over which the British Government discretion cise or control, and proceeded to legal obliga¬ only determinants of the question of therefore, were ruled out. Mr. Chamberlain the war-like countries, however, that warn tions not are British the willingness to fight. likely to be confined to of entry, he said. it soon appeared that a drastic ulti¬ presented to the Austrian Chancellor. That official decided to submit, and he said farewell to his If war breaks out, it is not those who have assumed obliga¬ the British Belgium if those countries are He praised the League of Nations hoped that it might be revivified and made an effective instrument for the preservation of peace. The German annexation of Austria was touched upon briefly, through a aid France or and been had On the following people in a radio address on March 11. day German troops marched into Austria, only a few hours before Herr Hitler reentered his native land and moved Immense crowds cheered through it like a conquering hero. utterance of the German dictator to the echo, every outward and its really existed, thousands of internment the in concentration camps As the German Government was swallowing attested. soon independence. But dissentients ; by the as records of wholesale suicides its of pearance and to Austria was overjoyed at the disap¬ appearances thousands the question was raised everywhere of small neighbor, the possible counter-steps by the independence. It was indicated by left office, that all his appeals to Italian Governments were in vain. Great Britain took a stand against armed intervention, and France followed in the British footsteps. The Italian Gov¬ and guarantors of Austrian Dr. Schuschnigg, as he the British, French and the repercussions thoughts on seeing German decided to approve the real its ernment, whatever troops at the pass over the Alps, of Austria. rape mechanics of the German absorption of Aus¬ actual The IPrime Minister Chamberlain reaffirmed flatly to border, matum tions pledge the to result of the World War. a tion^ in all large cities, and clashes of increasing frequency were reported March 10 and 11. The climax followed swiftly, on March 11, through flagrant and undis¬ guised intervention by Chancellor Hitler in the internal affairs of the small country. German troops were rushed and bloodiness fascinating and highly instructive. In his fare¬ well address to the Austrian people, Dr. Schuschnigg con¬ tria were March 11 that he yielding to the force attacked by an aggressor. firmed late and the ultimatum for postpone¬ ment of the plebiscite and reorganization of the Cabinet. The German troops stationed on the border were at first reported to have entered the small country within minutes after the ultimatum expired, but there was clearly no rea¬ son for warfare, since the Austrian Government capitu¬ lated. Dr. Arthur Seyss-Inquart, named previously as Min¬ nection ister denunciation of the methods pur¬ has produced a profound dis¬ turbance of international confidence, it was admitted, and reference to the previous German The sued. action problem of restoring confidence remains. In that con¬ he urged a solution of the question of relations between the Czech Government and its German minority. Non-intervention Spain will continue to be the British in policy, the Prime Minister said, as "that is the best means avoiding a major conflagration." His report on the of conversations with Italy was optimistic and general expectation that an understanding announced. Italy has expressed willingness diplomatic the bolstered be will soon to carry out the British plan for withdrawal of volunteers Spain, and, more important still, has declared again that Rome has no territorial or economic aims in Spain or the in Chamberlain said. He turned down for a peace alliance directed against Germany, Italy and Japan as involving the "con¬ certing of action against an eventuality that has not yet Balearic Islands, Mr. the recent Russian suggestion Germany Absorbt Auetria hard Striking involved in swiftly and at a moment when France Great Britain another Cabinet crisis and obviously was indisposed to interference, the German Gov¬ ernment of Adolf Hitler and his Nazi followers took over month, and settled in a forceful manner one problem of central Europe while setting up a dozen others. The small Germanic State simply was absorbed by Austria early last its large and were a added still more German the powerful neighbor, and the 6,000,000 Austrians Reich population of 66,000,000 to form to the powerful Germany. The precise occasion for march into Austria was a curious one that happily on the political sagacity of the Chancellor, Kurt Schuschnigg, who was attempting to guide his country through the perils of present-day Europe. It also is plain, however, that any pretext, or none at all, would have sufficed for Herr Hitler in his< coldly-calculated endeavor fo further the German expansion eastward, as predicated in his book, "Mein Kampf." The German Government's wrath descended upon Austria does not necessarily reflect immediately after almost herd his countrymen Chancellor Schuschnigg tried to an expression of antagonism into toward Anschluss with Germany. This move represented a step in the carefully plotted opposition to the Nazification which already was proceeding apace under the Nazi Ministers who were admitted to the Vienna Cabinet of Austria, on Herr Hitler's ultimatum of Feb. 12. aim of countering the March 9 With the obvious Berlin moves, Dr. Schuschnigg pro¬ plebiscite, to take place March 13, claimed on wherein Austrians might express their wish a for continued much the same manner that Germans in recent years were forced to express their wish for Nazism. In this plebiscite, which never took place, cards with an affirmation printed on them were to be supplied the voters and were to be counted as affirmative even if the "Yes" were scratched out and a negative substituted. Naturally, there would have been no question about the result of independence in such a about the roughly Nazi elections. To make Chancellor Schuschnigg proposed to vote, any more than there ever was similar procedure assurance of doubly sure, German permit only Austrians born before 1915 to vote, which would have excluded the young Nazis of his country. The reaction to this announcement was immediate and drastic. Nazi organizations within Austria started agita¬ on Reich, as expressed in the the of was an the German Nazis, Interior at the demand of of German On the strength and authority of this situation, the German troops began to pour over the border at three points early March 12, and the swiftly advancing motorized divisions met no more opposition than an occasional admonition from Austrian border guards that traffic rules require driving to the left of the highway and not to the right, as in Germauy. The German military occupation proceeded thereafter with a dispatch and a precision that might have occasioned ad¬ sent urgent request to Berlin for the dispatch an troops to Austria to maintain order. miration were advances the occasion the Reich more took divisions auspicious. In speedy Vienna, Graz and over cities, and they soon appeared on the Brenner Pass, other with the Italian guards There are no official indications of the number of German troops engaged in the occupation, but unofficial estimates indicate that 100,000 or more may where greetings were exchanged that at arisen." was of strategic point. for utilized been have the task. Not a single untoward incident marked these maneuvers. The appearance of the German troops was accepted glee¬ fully by the Austrians, but when Chancellor Hitler and his followed associates the troops bordered that enthusiasm crossed the border March 12, they were greeted with an Chancellor Hitler hysteria. on soon after the German troops had prepared the way, and his party was welcomed in a that royalty might envy. Huge crowds lined the manner highways, Chancellor man din the and of the group. progress of continual cheering marked the At Linz, in Upper Austria, the Ger¬ halted for a brief speech in which he the determination of Austria's sovereignty. German bombing airplanes by the hundreds Wooped overhead and carried home to any recalcitrant Austrian the danger of opposition to their powerful neigh¬ bor. In Berlin a proclamation was issued amalgamating Austria with Germany. Chancellor Hitler stopped for the promised a plebiscite for night at Linz, and on March 13 he spent some time in the town, where his The German troops were moving on, meanwhile, and preparing the way for the triumphal entry of the conqueror in Vienna. The future status of Austria tree-shaded cemetery 10 miles from that parents are buried. district or province of the German Reich was perfectly clear in an "Anschluss law" that was issued by decree in the unified Austro-German territory. This law proclaimed the "reunion" of Austria with Germany as of as a meret made March 13 and declared that Austria is a land of the German Reich. A free and secret plebiscite was announced for 10, at which "German men and women of Austria over 20 years of age" are to decide upon the question of union with Germany. The result of this "plebiscite" is a April foregone conclusion and no more difficult to predict than opposite result of the balloting under Chancellor Schuschnigg's formula, which was made the direct occasion for the German occupation of Austria. the There are many Austria doubted with that the economic implications of the merging of German Reich, and it' is hardly to be some of them will prove advantageous, although others are sure to be highly unfortunate.- Tariff barriers between the two areas are destined to disappear, and in view of the ethnic and economic similarity of the 8 MONTHLY REVIEW German and transition peoples, this can only he regarded Dispatches from Vienna indicate that the to befits as Austrian benefit. a as simple free the will trade be and slow orderly, the many political former Austrian Government with other countries. piain that It German Austrian sort mark, wih be economy subjected hereaiter to the same regulation and regimentation that envetops Germany, which means that the relative freedom of mone¬ availed the tary dealings with Austria will be exchanged for the de¬ tailed and systematic controls of the German Reich, witn an their variegations of currency valuations, quotas, barter arrangements and other impediments to normal inter¬ national trade similar in and finance. economic an there manufactures, Because and sense, is little the two areas the in the political prestige of the German new In Austrian gold Germany by and property most modern trusted of those unequestionably will be Government. Austria will treat the German promises sufficient indication in The repayment. depression that began in 1929. precipitous Italian region contributed series of crises that afflicted China and seized the of its bit in Europe and March exchange of a Lithuanian capital of ernment ment presented for massed time. A Polish on the of a to Assurances to closed the against to Kaunas was some mechanized nese Chinese from forces closing the to a Within The immediate effect vast all expansion the of apparent. Mexico mental he of was succeeded coalition a restored and Premier Camille the on of critical Left of up his his long country a en¬ and Leon Blum, at the head parties. The Left Front was completely, for the communists joined the socialists radical-socialists in addition Chautemps, head of gave affairs March 12 by the support of the Blum regime. In to his post as President of the Council, M. Blum took over the Finance portfolio, and he struggled for the rest of March to bring order out of the chaos. Joseph PaulForeign Ministry, where he con¬ tinued the traditional Franch foreign policy. The French crises are internal, occasioned by attempts to regulate every phase of economic life, including wages and hours of work. Boncour Such returned attempts to have the been no more successful than their American counterparts, and grossly unbalanced budgets are of the similar difficulties experienced another ;mdication through an received a ment, but excess of governmental interference. vote of confidence early in April he on M. Blum his appeal to the Parlia¬ put forward proposals for a capital levy and control of foreign exchange dealings by the Bank of France. Whether the regime can survive under such ideas remains to be seen. altered area For the them. rest, by keeping the Japa¬ through which the Lunghai line were adopted for organization of What the Japanese economy is that of a on lending and unhealthy the signs ultimate '. effect - . of a ' spending, war will be boom also is and are tra¬ ■ Mexican Expropriation 10th of that month. direct were Throughout the vast government traditionally > Hardly a month goes by without a Cabinet crisis in France, and the March change in government arrived on the regime, of spread that months and perhaps years of warfare lie ahead. the small country was hasty exchanges between the Am¬ RadicalJSocialist war the whole country on a war basis, and the impression slowly Poland, however, that ditionally evident. to costly defensive tactics coped with gap Japan measures a French Crisis strictly the manner able to wage By this means the defenders plainly endeavored to war costly and difficult for their assailants, and considerable degree they unquestionably succeeded. runs. bassadors of the two countries at Paris, Lithuania yielded deavors no make the were to the ultimatum and appointed a representative to discuss at Warsaw the restoration of ordinary relations. forces, in are efforts of the defenders were directed independence of intended, and after Abandoning organized guerrilla warfare. territory, the inflamed for struggle. Japanese bands of Chinese soldiers ranged and attacked communications and supply lines. Wherever small groups of Japanese soldiers were encountered in the hostile Govern¬ troops this taken by the Vilna, for in of position, which the Chinese frontier, the even Polish spirit extended by were to i the war but length the was killed early in March 17 the Polish Gov¬ relations. border, and the a union of the great areas in northern China and Yangtze region, captured in their drives last year. railway was the goal of the Japa¬ huge /Chinese armies successfully resisted the Indeed, a slow change in tactics was reported, which may well/have a decided bearing upon the extent and soldier on ultimatum an regularization threat no mails. border clash, and the nese, again made once diplomatic relations and difficulty March, in effect assaults. the Lithuanian resentment resulted in absence Japan The east-west LUnghai the entire continent apprehensive of war. A border inci¬ dent developed between Poland and Lithuania, and brought those two countries to the verge of hostilities. Relations bet wen them have been antagonistic in any event since Poland in 1920 General Franco moved as resembling a stalemate were reached in the war that Japan forced upon China, and no changes of im¬ portance are to be reported for March in the military positions. The invaders continued their desperate efforts to comparable market declines. Baltic inaction, Spain with the aid of his German and allies. in Poland and Lithuania The of Conditions The Austrian authori¬ year, which Other Austrian bonds The moves of a stances permitted, but the bonds declined last month to less than one-third of the value recorded early this showed possession toward control to good standing when circum¬ indicates the financial expectations. engines of death and destruction. continued their policy of of ties restored this obligation the Aragon the two great areas of loyalist Spain, defense of either part naturally was rendered difficult. Great Britain and France expectations in this respect. This issue is amply guaranteed and service payments Were inter¬ rupted only to a modest extent even by the serious effects of the on of March and by April 4 were points controlling the coastal highway linking Barcelona and Valencia. With this severance of in external bonds in the New York market is developed from three points that city at the end past Central European country with the disregard of pledges meted out to those who decline of Austrian 1% over planned and carried out with great tactical skill, and it was generally reported that German technical aid Was highly important in these maneuvers. The attackers pushed rapidly down the valley of the Ebro, and overwhelmed Lerida, key point of the Catalonian defense. They moved the former callous same masters new forward swept instances, waS laid waste by the The insurgent drive toward the Medi¬ were to the was insurgents the front, and the highly mechanized divisions utilized all the conceal its actual holdings, and it may be that the change of the Austrian acquisition will prove of minor importance. There is no doubt, on the other hand, that reliable estimates no some in retreating loyalists. actual creditors of as that, terranean added to the slim possessions of the Benin But the Berlin regime has resorted to subterfuge of devious sorts damage territory Empire exceed reserves 9 and gathered Fighting Was desperate and casualties of the dead and injured, and no indication Whatever of the strictly financial sense, results of the change of sovereignty are more easily predictable and aiso more dis¬ The of Austria. correspondingly great, but there were the couraging. conquest momentum steadily. more acknowledged Hitler's The insurgent advance started on March advantageous arrangements With the bread¬ producers of southeastern Europe. stuff was Chancellor union. degree than Germany, suffers from a shortage foodstuffs, and the need for importations will not vary, unless widely rumored in Europe that much of the to General Franco by Germany, as part price that the Reich paid fol* Italian acquiescence in of the larger enforces airplanes and mechanized equipment Francisco Franco by his fascist friends in material Was sent Germany will gain, however, from the iron ore and forest of Austria, and the smaller unit of the enlarged Reich probably will find its tourist trade enhanced, but otherwise the change is not apt to be great. Austria, to an even It Europe. resources of to General sent anke Upon benefit basic fresh loyalists nothing, as against the prodigious fresh supplies of artillery, are dependent of toward the Mediterranean, with the obvious aim splitting the loyalist territory in two. This aim was approximately achieved by early April, and an end of the Spanish civil war began to loom. The renewed successes of the insurgents were preceded by a sea battle in the Medi¬ terranean, in Which a loyalist destroyer sent the cruiser Baleares to the bottom with a torpedo. But this sea victory odious of equipment and possibly of Austrian the hew steadily aiso schilling Will be replaced by and that aspect of the change in sov¬ ereignty is dark and troublesome. Presumably, the entire the of troops from Italy and Germany, Spanish insurgents resumed their offensive on the Aragon front and pushed the loyalists difficulties presented by extraordinary arrangements maue by tne trade treaties and is Spanish Civil War aid the With Diplomatic were relations between strained in March expropriation by of and the as Mexico a United States and consequence of govern¬ of approximately $450,oil properties in that The injustice of this Mexican measure, issued on March 19, needs no emphasis. It is peculiarly apparent, however, in the light of the ostensible cause of the step. 000,000 American British country. Mexican oil field workers made absurd demands on the foreign oil companies, and the latter were simply in no position to meet the requests. Adjudication in Mexican courts resulted workers pension of in orders $40,000,000, systems and a for along company with worker-share the in payments to the establishment of the management. President Lazaro Cardenas capped this climax by ordering the nationalization of the oil properties. The companies endeavored to fight the step in Mexican courts, but their only real resort naturally is that of diplomatic pressure. Ambassador Josephus Daniels made it clear at Mexico City that the move brought deep disappointment in Wash¬ ington. It was understood that the British Government was acting in close collaboration with Washington, although a separate note was delivered Great Britain reserved all at Mexico City in which rights. The first effect of the Mexican step was to plunge that Business came almost to a country into economic distress. April, 1938] MONTHLY halt, and the Mexican peso dropped sensationally in foreign exchange dealings. The Washington Administration . promptly reached tions with the Secretary Morgenthau announced that Treasury would suspend purchases of States as of April 1, disconcerting to the Mexicans. silver, and extremely this proved Diplomatically, the United States Government took a stand that is rigid and entirely correct in negotiations between international equals. A note delivered was March 29 protesting against the ex¬ on propriation, but the sting of memorandum a Washington of does taken out through publication was following day to the effect that the on the right of expropriation the jurisdiction of Mexico. It was not question within properties pointed out, however, that fair and effective compensation should be made. To this the Mexican Government indicated its assent, but there is no indication as yet of the method by which payment is to be made. Nor is there much opti¬ mism on that score, in view of the long-standing Mexican default ing all on price external for world obligations. silver The buy¬ Washington lowered was two cents, as that closed Feb. on March on country, directly or indirectly. production without material aid from the automobile indus¬ of the regional week since March 26 ended week of tories. character and Scrap prices almost partly continued complete lack of reduction "Steel" in due export demand. According to the magazine an increase of about 10% in general of Cleveland, in fortunate than booked ized of steel. fairly in are well despite After in of March on automobile March 1 from on 8 to $13.42, on drop for the current year, $13.54 after temporarily returning scrap, low levels March 15, again March 22 and then to $13.17 price was only 25c. above the $12.92 in November. continued to production In orders At the close of March last year, steel was $21.92 a gross ton. No changes in the "Iron composite prices of finished steel or pig iron were made during the month under review, finished steel con¬ tinuing at 2.605c. a pound and pig iron at $23.25 a gross a year The operating rate of steel companies having approxi¬ mately 98% of the steel capacity of the industry, according American at 35.7% Iron 33.7% for week the 7, Nov. of 15, 1937), and compares with preceding beginning March Steel Institute, was scheduled for the week beginning March 28 (the highest since the week rate and seven-day period, 32.1% for the 14, 29.9% for the week beginning March 29.3% for the week beginning Feb. 28. At the close of March, last year, the industry was operating at and 90.7% of capacity. As to non-ferrous metals, "Metal and Mineral Markets," in its issue of March 31, continued activity featureless was wire reported in stated in substance: foreign at the the copper, close of the month. improvement "Except for market copper Fabricators of in business, a seasonal development, but other consuming lines were quiet. The moderate improvement in buying of lead in the week ended some March 23 was March 30, buyers maintained not being shy, in the chiefly days seven because of ended the poor showing in the securities market and the subnormal lift in industrial general activity. The undertone of the lead market, in spite of the slow trade in that metal, con¬ tinued steady. Continued unsettlement prevailed in the market zinc tin market in the was week quiet ended during March the 30. past The five domestic Tin weeks. mills in this country are maintaining operations at 55% of capacity, with the trend in activity slightly upward." Sales of domestic copper for the week ended plate 30 tons in amounted to 5,487 tons compared as with 4,687 the week previous, 2,975 tons two weeks previous, and 4,468 tons for the week ended March 9. A period of quiet prevailed in lead during the month, sales of this metal totaling a little under 1,000 tons for the week ended March 30, 1,627 tons in the previous week, 1,100 tons in the week ended March 9. level, March 16, which quotation New at New York, York March 9 and to 4.60c. zinc the week ended 4.62%c. has been in effect since Jan. also unchanged at 4.50c. Zinc declined from 5.10c. to 4.85c. was however, tion for this metal March 1,555 tons in Domestic copper prices held at the 10.00c., Valley, Lead at and on March 14, since June week ended Freight rates or which 28. at that date to 26 a No. of Mills Mar. 10. Mar. 4.64c. Feb. Feb. 19 All 182,551,000 York com¬ 165,125,000 151,434,000 142,172,000 538 542 priced effect on was lower, 198,581,000 192,313,000 189,603,000 201,194,000 192,756,000 194,464,000 ' 187,382,000 159,496,000 regions but Southern Cpyress and Northern Hemlock and Southern and Northern Hardwoods reported new orders above production in the week ended March 26. All soft¬ but California Redwood reported shipments above output All regions but Southern Pine reported orders, and all but Southern Pine and Cypress reported wood regions shipments 1937. of the below All similar items in softwood week same last the corresponding week regions reported production below year. Hides, Leather and Footwear The First National Bank of Boston, in its "New England March 30, discusses these markets Letter," under date of follows: as "Production of shoes for delivery before Easter has operations but substantially below the record levels of last year. Leather values have shown caused seasonal rise in a improvement, while hides have developed a weak under¬ sympathy with the declining commodity and security tone in markets. "Output of footwear in February is estimated to have about 26,000,000 pairs. While this is a moderate totaled increase on daily a basis January, it represents the production has averaged 30% under the corresponding month of the preceding year. over fifth consecutive month that "Detail sales of footwear have provement during the last month. been reduced shown little or no im¬ Distributors' stocks have approximately to the level of last hand-to-mouth buying continues as the rule. have held firm, but some manufacturers are year, Retail but prices reported to be shading prices in an effort to stimulate business. "Sole leather tanners continue heavily curtailed. Tanners of grades of upper leather have been actively engaged special styles for Easter shoes and prices some in delivering have held firm at the advanced levels reached in A demand for white calf has February. recently been in evidence, but plans for the summer run have not yet been fully developed. "Trading in actual hides at the Chicago market has slowed down submitted as the packers refuse to accept the lower bids by the tanners. The futures market, however, steadily from the peak reached in mid-February has entered into new low ground for the year. Steer has declined and prices, .small volume of trading, have declined to the April, 1935, and are now in a more normal relationship to light native cows." a on lowest level since Grains Although there periods of irregularity accompanied by rallies which were of short duration, the general tend¬ ency of prices in domestic wheat markets during the past month for largely effect were downjvard. was levels the season. Deferred deliveries sold While war talk responsible at from new Europe upturns, the low was for the temporary net prices proved to be nothing. Underlying bearish eventually asserted themselves. The beneficial on factors moisture received over wide areas of the winter wheat belt alleviated, temporarily at least, apprehension over the new crop a was 206,441,000 183,965,000 * 177,616,000 531 r+- 26 to Tin at New mills Received Shipments 539 5 to the lowest quota¬ into 530 of Orders Production 549 Mar. 12 the went total weeks follow: Week Ended to 28,1938, raised the New York price of Prime Western on March 207,324,000 feet, and booked orders for Revised figures (number of feet) for the shipped preceding on 11, 1935, when it ended ended March 26 production, shipments and reported by 443 softwood mills were, respectively, around March week week as bined; no (both quotations unchanged from those in effect previous). the the produced 171,774,000 feet of hardwoods and softwoods scrap to for reported 29%, 17% and 28% below similar items in the correspond¬ ing week of last year. on Age" ton week previous week. the declining to March 29, which 1937 low point of on latter railway and $13.67 a gross the "Iron Age" composite price of steel to the $13.58 quotation to new Galvan¬ February. with sheets and strip doing absence declining $13.58, and to March than good demand, leading the lighter forms Wire is also active, demand. ton booking a few large orders attaining 20% February. Some platemakers, however, less business in the in 26, for the for sheets the largest were items during the corresponding buying by the mills and buying was experienced in March, some steelmakers being more lower than All by 3% fewer mills, was 6% below the output (revised figure) of the preceding week; shipments were 0.4%, and new orders 7% below the corresponding figures reflecting the a sharp decline, to October. of inven¬ depletion to last were 185,662,000 feet. in the operations of important mills. 1937. National March to from Production was about 54% 62% of the corresponding week of during the week ended March 26 and Shipments any reports to Association about five sonal according orders during the week ended March 5 new of softwood try, the rairoads or building construction, the improvement being partly sea¬ 42.12%c. against as Manufacturers associations covering shipments 1929. shipments, Lumber hardwood and and 1929 average National coming mainly from miscellaneous sources, 38.00c., industry during the week ended March 26 52% of the 1929 weekly average of production and During the each week in steel ingot at lumber stood at 64% Steel Trade—Non-Ferrous Metals The steel trade reported a gain 31 28 last. Lumber Movement The a clear result of the Mexican measure, but it remains uncer¬ tain whether this indicates an unwillingness to buy any silver from and decision for reexamination of its rela¬ a Mexico. United Mexican 9 REVIEW outlook. As a qonsequence, large acreage and all good-sized production. that attention it was directed implies' with respect Private estimates iof the forth¬ coming winter wheat crop ranged from 650,000,000 bushels to 668,000,000 bushels. If allowance is made for a spring wheat would crop be of for a around 200,000,000 total bushels, the prospects production ranging from 850,000,000 10 MONTHLY 868,000,000 bushels. Adding this amount to an indicated of around 190,000,000 bushels, the prospective 1938-39 supply may range from 1,040,000,000 bushels to 1,058,000,000 bushels. This would bring domestic supplies close to the levels that prevailed during the depression years and would leave a surplus available for export and carryover ranging from 365,000,000 bushels to 383,000,000 bushels. In view of the fact, however, that the critical BEVIEW No. 7 Rio was quoted on to carryover growing season lies ahead, during which period much can happen to change the picture drastically, the above esti¬ mates can only toe very superficial. Meanwhile, the larger ; to be an important factor in It is true that there was some buying for export account during the month, but the pur¬ production outlook proved restricting export demand. chases were not in dent of sufficient volume to available supplies, the large as to generally favorable. As a result, the acreage remaining for har¬ vest, exclusive of Russia, will probably establish a new high record, which prospects naturally made importers very cautious about buying in overseas markets. Rye, like wheat, developed weakness, oats ruled narrow and steady, while corn displayed independent strength. Although ex¬ port demand from Europe was the dominating influence in the corn market, receipts from country points were small, due to the more favorable returns from feeding opera¬ tions. Farmers were also said to be in a good financial belief prevailed that to hold Chicago the May In corn. wheat closed on March 31 at 85%c. option as against an opening option closed at 120%c. as against an opening of 127%c. on March 1. May corn in Chicago closed on March 31 at 60%c. compared with an opening of 58 %c. on March 1. May oats closed at 29%c. as compared with an opening of 30%c. on March 1. May rye closed at 64%c. as compared with an developed a down¬ during the past month. A statement attributed Secretary Wallace that sugar prices were high enough, if not too high, caused free selling of futures contracts resulting in new season's lows. Slow demand for raw sugars and reports in the trade of easier refined prices in certain sections of the country were also factors creating bearish sentiment. Business in refined was largely of m to hand-to-mouth character, with refiners apparently not dis¬ posed to stock up with excessive inventories of raws. from London that a meeting of the International News Sugar April 27, and that quotas had been reduced from 3,611,000 to 3,508,500 metric tons, with further voluntary releases expected shortly, caused a mod¬ erate rally in prices during the latter part of the month. a renewal of offerings, prompted partly by the general deluge of liquidation in all markets, prices However, under 'Sales of Cuban resumed their downward trend. the month consisted of the raw sugars following, all c. & f., On March 8, prompt shipment at 2.15c.; on March 14, March shipment at 2.18c., and prompt ship¬ ment at 2.15c.; on March 15, April shipment at 2.15c.; on March 25, second-half April shipment at 2.10c., and on March 29, prompt shipment at 2.10c. and first-half April shipment at 2.10c. The wholesale list price for refined, immediate delivery, was quoted at 4.65c. to 4.75c. until March 5, when the range was lowered to 4.55c. to 4.65c., at which figures it continued during the remainder of the exclusive of duty: month. Spanish tons, according to a 2,950,000 presidential decree re¬ cently made public in Cuba. Of the total crop, 1,418,174 long Spanish tons was fixed as the quantity to be exported to the United States during 1938 and 500,000 tons will be retained in Cuba as a reserve for orders from this country. Domestic consumption for Spanish tons. fixed as "other the Cuba in 1938 was fixed at 150,000 A total of 407,985 Spanish tons was amount of countries" free sugar of which could be exported to 182,695 tons was allocated as "special exports to other countries." The remaining 291,146 long Spanish tons was designated as a reserve for exports to other countries. (Long Spanish ton equals 2,272 pounds.) export duties, and Coffee With Brazil making efforts to unload a greater portion supplies, the market for coffee "futures" worked lower during the past month. Roasters continued to operate on a hand-to-mouth basis, and with a lowering of cost and freight offering prices from Brazil, there was a general tendency on the part of tired holders to liquidate. No. 7 Santos was quoted on March 31 at 6%c. against 8%@9c. Feb. 28; 7%@7%c. Jan. 31, the same as on Dec. 31; 7%@7%c. Nov. 3D; 10%@10%c. Oct. 30 (Oct. 31 was a Sunday), the same as Sept. 30; 10%c. Aug. 31; 10%@10%c. July 31; 10%c. June 30, the same as on May 29 (May 30 fell on a Sunday and May 31 was a holiday); 10%@10V2c. April 30; 10%c. March 31; ll%c. Feb. 27, and 10%@10%c. of her enormous Jan. 30. While ment, level fixed some time ago, and not to set a quota for the third quarter that caused the market to break wide open, With the statistical position steadily growing worse, it was felt that the entire rubber restriction program is now facing its most serious test. On the one hand, it is doubted whether an additional cut in the quota could reestablish a better equilibrium for below the 60% lower export supply and demand, and, on the other hand, fears are expressed that a further drastic reduction in output may result in serious labor troubles in the Far Eastern pro¬ duction centers. Ribbed smoked sheets for spot delivery were quoted at 10%c. asked March 31 against 14%e. asked Feb. 28; 14%c. 31; 14%c. asked Dec. 31; 15%c. asked Nov. 30; asked Jan. ll/16c. Oct. 30 (Oct. 31 was Sunday); 17%e. Sept. 30; 18%c. asked Aug. 31, the same as on July 31; 19%c. asked June 30; 20%c. asked May 29; 21 3/16c. asked April 30; 26%c. asked March 31; 22c. asked Feb. 27, and 21%c. 15 asked 30. Jan. although divisions some improvement. Retail business reflected in growing measure the general slump in were able to register a mild seasonal industrial activities, with its detrimental effect on the purchasing ability of the general public. Comparisons with the corresponding period of last year made a particularly poor showing, in view of the fact that pre-Easter buying was concentrated in March, 1937, whereas this year the bulk of these purchases will not be made until the early part of next month. Wholesale trade gave an unsatisfac¬ tory account, as retail merchants confined their orders to small fill-in lots. While the inventory position, both in the retail and wholesale fields, was reported to show fur¬ ther improvement, no real pick-up in buying is anticipated until general business gives indications of a definite turn for the better. Raw cotton in March held fairly steady during the early part of the period. About the middle of the month, however, a reactionary movement set in, carry¬ ing prices to the lowest point since the beginning of Febru¬ ary. Chief determining factors for the decline were the trend of political developments in Europe resulting in re¬ newed unsettlement of the security market, and the further accentuation of the unfavorable state in the cotton consum¬ ing indusriesr both domestically and abroad. Meanwhile, with the new Administration program of farm control hav¬ ing lost much/of its immediate effect, the distinctly un¬ favorable aspect of the statistical position of the market made itself felt in growing measure. up Although the locking of close to 7,000,000 bales in the government loan stock has temporarily removed this huge Quantity from Sugar Crop Limited to 2,950,000 Long Spanish Tons The 1938 sugar crop of Cuba has been limited to long of 1985. Textiles ward trend 1938 Cuban reac¬ a low The textile trades continued quiet Prices in the sugar "futures" market long followed state of rubber consumption, as reflected in the continued withdrawal of tire factories from the market^ Sugar during month reached the lowest level since the latter part the opening of 75c. on March 1. Council had been called for the tionary trend, with the latter becoming particularly pro¬ nounced during the last week of the period, when prices for At Winnipeg the May wheat price of 93% c. on March 1. throughout it was the decision of the International Rubber Regulation Committee, announced on March 29, not to further reduce the export quota for the second quarter crop position Rubber rubber Crude constituted the chief basic factor for the downward move¬ conditions in Europe were the as 9%c. Sept. 30, the same as on Aug. 31; 9%c. July 31, the; same as on June 30; 9%c. May 29; 9%c. April 30; 9%c. March 31; 9%c. Feb. 27, and 9%c. Jan. 30. a prospects remain favorable, consumers are likely continue their hand-to-mouth buying policies. Weather new same March 31 at 5%c. against 5%c. the same as Jan. 31, against 6%c. Dec. 31, the on Nov. 30; 9c. Oct. 30 (Oct. 31 was a Sunday); 28, long as the make much of and Feb. the mar¬ kets, it is realized that large outside supplies are available to prospective purchasers. Moreover, the belief prevails that while this year's acreage will undoubtedly show a drastic curtailment, planters will spare no effort to increase yields in on the the South remaining acreage. Weather developments soil conditions in important parts affecting of the belt were mostly favorable, with beneficial rains reported from Central and Western parts, and with prepara¬ tory farm work proceeding at a rapid pace. Spot cotton in New Yorkt was 9.16c. March 1. After minor fluctuations the price on March 18 fell to 8.60c., and, fol¬ here lowing intermittent rallies, the quotation stood at 8.69c. Stagnation reigned in the gray cloths markets the disappointing movement of finished goods caused March 31. as converters to refrain from increasing their covering pur¬ requirements. While prices dur¬ ing most of the month' held fairly steady, due to the con¬ tinued policy of the mills to curtail production, later in the period quotations softened noticeably and second-hand offerings appeared in sufficient volume to cause further chases beyond immediate concessions. were are During the closing days of the month reports current that even being considered River for 28-inch more by the 64x60's drastic curtailment mills. remained Print measures cloths at Fall 3%c. throughput the month. The price of 27-Inch cloth 64x60's was 3%c., the same as Feb. 28, and Osnaburgs stood at 6%c. to 6%c. March 31 compared to 6%c. Feb. 28. The report of the Censusi Bureau, issued March 14 and covering the month of February, showed that cotton consumption in unchanged at the United States continued at levels far below the previous year. The amount consumed in February was given as . MONTHLY REVIEW April, 1938] 427,528 bales of lint and 47,888 bales of linters, compared with 434,740 bales of lint and 44,892 bales of linters in January, 1938, but 665,677 bales of lint and 63,674 bales of linters in February, 1937. The woolen goods market continued dull. With retail sales of men's clothing leaving much to be desired, and with clothing manufacturers still possessed of a substantial carryover of fabrics, little new buying ensued, notwith¬ standing reduction the in prices of fall announced Business in the lines the meantime the American and other latter the wear of part the month. division continued to make a relatively good showing, with attention centering in shetlands, tweeds and fleeces. Japanese double extra 13-15 deniers were quoted March 31 $1.55@$1.60 against $1.65@$1.70 Feb. 28; $1.65@$1.70 $1.50@$1.55 Dec. 31; $1.55@$1.60 Nov. 30; $1.71@ $1.76 Oct. 30 (Oct. 31 was a Sunday); $1.86@$1.91 Sept. 30; $1.85@$1.90 Aug. 31; $1.82@$1.87 July 31; $1.89@$1.94 June 30; $1.77@$1.82 May 29; $1.77@$1.82 April 30; $1.97@ $2.02 March 31; $1.80@$1.94 Feb. 27, and $2.00@$2.05 at Jan. 31; what at ^„ In the domestic oil . .. . sharp reduction in Pennsylvania-grade crude oil—the fourth i months—posted by the Joseph Seep Purchas¬ ing Agency of the South Penn Oil Co., on March 7. Of the four grades affected schedule, by the reduction, two were cut 15c. a Under the new estimated during the first week of the month, and barrel and the other two by 17c. a barrel. month quoted at $1.48@$1.53 March 31 against were of the as American, British and Dutch oil company property in mid-March by President Cardenas when the companies refused to obey the decision of the Mexican Supreme Court ordering them to put sharp $450,000,000 of of increases into effect overshadowed all other develop¬ oil ments in tional story during March in annals the Southwest Commission 1,493,171 daily barrels allowables the the on several in first an March. of day areas set compared as lifted were as figures, the Sunday shutdown actually will mean a net decline in April production of around 6,000,000 barrels. The East Texas field will have a daily with 501,903 of quota March. the March The barrels 497,643 against Southwest Coast and Gulf areas were during pared West Texas was lifted nearly 8,000 barrels daily. Petroleum and If Product$ expropriation Railroad 1,501,337 barrels daily for April by about 4,000 barrels each. May 29. The ordered were allowable compared Japanese crack 15c. to $2.05; cut were Allegany price list thus showed a net reduction of 77c. since the first cut last September. \ Sunday shutdowns for Texas for the third successive $1.59@ $1.04 Feb. 28; $1.48@$1.53 Jan. 31, the same as on Dec. 31, against $1.49@$1.54 Nov. 30; $1.59@$1.64 Oct. 30 (Oct. 31 was a Sunday); $1.62@$1.67 Sept. 30; $1.79@$1.84 Aug. 31; $1.78@$1.83 July 31; $1.85@$1.90 June 30; $1.73@$1.78 20-22 deniers the Allegany Pennsylvania 17c. to $1.71; Eureka Pipelines 17c. to $1.65, and Buckeye Pipelines by 15c. to $1.55. The Bradford- Although of case : picture, one of the highlights was the in the past six double the wage standstill a concerned. with Jan. 30. extra trying are Bradford during women's In companies the expropriation decree, and until concluded the situation is some¬ as far as any actual decision is every legal attack upon this lengthy process is provided the most sensa¬ of the petroleum industry in and North America. April daily average crude oil demand was estimated at 3,361,700 barrels by the United States Bureau in its regular monthly market forecast. The new allowable is approxi¬ mately 30,000 barrels less than the March recommendation and 137,600 barrels less than production in the correspond¬ ing 1937 period. The schedule, however, is 2% new than actual demand for crude oil in April better The a year ago. Bureau of Mines explained the relatively lower April esti¬ mate as due to the current lag in business activities and quick to retaliate, and blow when it dis¬ continued its purchases of Mexican silver, which had been averaging around $2,000,000 monthly. Diplomatic action the possibility that excess stocks of gasoline will be reduced taken sharp protest by Secretary of State Hull, who pointed out that while the United States first time in months during the March 19 week, according to reports furnished by the American Petroleum Institute. Government Added to the rising trend of production was a sharp spurt in imports of crude oil, and the two factors together The United States Government the Treasury struck featured was did the properties, the by not it laws which vide for the most was telling a question the right of Mexico to seize was made thought necessary to point out that such expropriation possible also immediate indemnification. News that , Mexican Government the had pro¬ oil tioned legal in large taken over all picture brought rels 3,433,550 barrels against a market demand of 3,391,600 barrels, with daily average crude oil imports ris¬ ing to 150,000 barrels, making a total excess supply of oil of nearly 200,000 barrels of crude oil. prominently men¬ Mexican oil. Until the Following several days of argument by defense and gov¬ tinue at the to slow pace which has marked all activity in the Mexican oil industry since the properties were taken has been curtailed more As than of fact, matter a production 50% due to inadequate storage the month closed, from Mexico City of the formation of the Natoinal Oil Exporting Co. to adminis¬ news came counsel, Federal Judge Patrick Stone took motions the verdict or grant new trials for the 16 major reverse oil companies and 30 individuals convicted of a gasoline price-fixing conspiracy early this year under advisement late be facilities. As The to for markets by the government. rather dangerous proportions. some March 19 period saw production rise more than 50,000 bar¬ ernment over threat to the stability of the crude oil price struc¬ a clearer, however, movements of Mexican oil into consuming channels are expected to con¬ same production of crude oil in the United States climbed above the Bureau of Mines estimate for the slightly is stills. runs to average have been quantities, potential as The daily ture that assumed ; foreign oil properties sent swift reverberations throughout the entire world. Japan, Italy and Germany, all of whom need by curtailing crude in March. that out full It Judge considered unlikely that was decision for any time, some there will court attaches as pointed Stone had emphasized that he would give consideration all to The defense counsel arguments. time had argued that the small business man jury had failed to the disclosure that Francis W. Rickett, internation¬ ally-known oil promoter, and Bernard E. Smith, American capitalist, were negotiating with President Cardenas for grasp in full the intricate details of the petroleum industry and had been too quick in returning a verdict after deliber¬ Mr. Rickett refused to make any comment fur¬ ther than that he had talked to "high government officials" that the verdict about the situation while Mr. of the rich oil lands in the famed Elk Hills Naval Reserve ter foreign sales of Mexico's oil supply. At the same came concessions. Smith refused to talk at all. General manager of the Mexican oil company is Gustavo Espinosa Mireles, head of the Mexican division of Pan- American Airways, who, according to the official announce¬ ating only seven hours. was The final winner Federal the was Land Office The in the controversy Government. thus counsel government argued just and should be sustained. ruled. On Losers the ownership over March 30 the the* State were General of Cali¬ ment, "is the only person authorized by the government to negotiate in Mexico and abroad for the sale of oil for ex¬ fornia, the General Petroleum Co. of California, Thomas A. O'Donnell, Homer L. Tupman and the Potter Oil Co., all of whom have 30 days to file appeals with Secretary of the port." Interior Ickes. from Along with Eduardo this announcement came a statement "President Cardenas has instructed me to reserve a certain percentage of the exports in order to build up a fund for payment of the expropriation," adding that President Cardenas's and is to pay in : purpose was Jtl, priated property. A special The following Suarez, Minister of Finance, reporting that session full for the expro¬ 7—The March Joseph Seep Allegany grades of crude oil to j#/;:■ < crude oil price changes $1.71; Eureka 17c. the Mexican Congress has been consider the problems arising out of of the American and other foreign-owned under way and the expropriation ended March 26 when The suspension of the silver purchasing by the American Government and the slump in oil movements and production all have materially reduced the income of the workers in these two industries—which industries—and the workers are Mexico's chief reported to be losing some of their enthusiasm for the unions as are their money earnings unfinished for that had Roosevelt all been warned that indicated that American holders a fair deal would be of property in Mexico by the Cardenas Administration, but inflated estimates as to the worth of the seized any properties seized would receive scant consideration from Washington, which would be chiefly concerned to see that "the little investor" isn't injured in the fight between the foreign oil companies and the Mexican Government. In Agency Bradford and Southwest Pennsylvania $2.05; 17c. and Buckeye reduced 15c. to $1.55. as gasoline a in four months net decline of during the week 334,000 barrels pared fuel to 92,858,000 barrels. Should con¬ sumption hold at last year's levels or possibly surpass and refinery operations be kept down, oil men feel that there is a good chance that the present record high gasoline stocks can be worked down to serious In President to holdings of motor slump. insured posted during the seasonal gain in demand got brought the first reduction in stocks of finished called for April 11 to properties. Purchasing 15c. to $1.65, Rising consumption of were the month: as the is more economic levels without any disturbance in the price structure. marketing field, the price trends were mixed, this time of the year. Fuel oils were gasoline showed some signs of staging a customary at easing off, general along but advance. the Diesel oil was hit by price reduction entire Atlantic Seaboard, and other cities saw rather widespread reductions in heating oils posted. In New England and other areas, however, higher wholesale and with retail gasoline prices the warm weather. made their appearances along - 12 Representative price changes, showing the trend of the1 refined products market, follow: Nation's 10—Standard March fuel oil 10c. Grade C to was March ■ EEYIEW MONTHLY $1.15 cut 5c. 12—A New domestic Grade Jersey reduced bunker' Bonded' 0 effective March 11. barrel at New York, barrel. a general throughout gasoline of a Buffalo the oped on March 11 and 12, Treasury bonds first dropped about % point, and then regained most of the loss. From March 22 on to the end of the month, however, the market Treasury issues for of reduction %c. area in gallon a of prices bulk gasoline posted as was retail prices When the Austrian crisis devel¬ week of March. the first other in ness soft, in sympathy with the weak¬ and on March 31 the net decline was securities, % point for the bonds of more than eight years to maturity or call date rose from 2.43% to to $1.15, effective immediately, by all major oil companies. March 16—Standard Oil of New Jersey reduced Diesel oil prices 15c. a 2.51% in March. The average rates at which the bill issues were sold each week rose from 0.058% barrel to $1.75 at New Orleans and Baton Rouge. to "0.081% for the (March 21—Standard of Jersey reduced Diesel fuel oil 10c. a barrel to June tax date bills, and from 0.067% to 0.087% for the $1.85 at New York harbor, and also reduced Nos. 2 and 4 domestic heating! regular 91-day bills. The amount of bills offered on oil V4,c. to 4}£c. and 4%c. a gallon, respectively, in tank cars. March 21 was increased from $100,000,000 to $150,000,000, under competitive sagged 14—Bunker March March 23—Gulf price-cutting. fuel oil reduced was 15c. Refining m^t Standard's barrel a at Philadelphia 10c. reduction in Diesel fuel oil prices and lowered its Philadelphia price to the $1.85 mark. March a 28—Wholesale and retail gallon throughout the Detroit prices of gasoline %c. $100,000,000 represented the regular 91-day bills $50,000,000 represented the special bills. The rise in volume of bills offered was necessitated to meet over¬ the 31—Socony-Vacuum lifted tank and tank prices of gasoline wagon England. On Dec. 23, 1937, the Treasury reduced weekly bill offering from 273 days to 91 days, and the first of the shorter bills then offered fell due on March 23. Owing to the shorter maturities, lapping maturities. maturity the MARCH FINANCING OF THE UNITED STATES TREASURY For the Treasury March was a busy month. offering 15. March lected date made was for Interest the on due on few days after the the In tax $400,642,000 of special bills were paid off out of cash hand. A total of during the month by sale of special bills maturing after the June tax date. Finally, toward the end of the month the Treas¬ ury found itself confronted with a weak market for its issues, with yields on its short and long securities rising on official and $250,000,000 raised was orderly. Jr. an¬ nounced on March 3, following a conference with members of the Executive Committee of the Federal Reserve's Open Market of keep required to support Secretary the Committee, that Morgenthau offer would he the market Henry Treasury issue bond a in which he had written to Ramsay either on "There is the tinue new bonds, it stated, would mature Sept. 15, 1948, was and would not be subject to call for redemption before that Mr. Morgenthau declared on March 7 that the date. 642,000 the of bills failing Treasury special March 15, after as well $400,- immediately oh due about $162,000,000 interest as public debt, would be paid from the cash balance. Later same day Mr. Morgenthau said that subscription the on books for business the offering be would closed the at close of The exchange offering proved a signal success. Morgenthau able to announce was Secretary March 11 that on total a Up $450,646,900 of the 3% notes would be exchanged for new 2y2% bonds of 1948. Thus holders of only $4,528,600 of the maturing notes did not take advantage of the exchange offer, leaving only about 1% of the issue to be redeemed in cash on March 15. When 95% of a matur¬ ing issue is offered Treasury has in recent factory. The new for exchange in years bonds securities, new the considered the results satis¬ sold at substantial a premium and to rose level a about 1% points above parity. The Treasury effected a reduction in its debt held in the market during March. maturing on A March 15 $4,528,600 of total was paid off $400,642,000 of special tax date bills from March 16 Treasury date was bills. 19. to The only new was of in 3% the cash, issue new these owTn now of maturity a More than 1,250,000 $30,000,000 of 1 %% consolidated deben¬ Intermediate Credit Bank System was tures of the Federal offered 9 March on at slight a premium over amounted to within March 15, The hour. an new debentures debt publicly the issuance of bond sales Bank debentures matured Dec. on A total of $21,- 15. Federal Intermediate Credit March 15, leaving $193,650,000 on outstanding. An issue of $23,500,000 of 2% five-year consolidated debentures, Series D, of the Federal Home Loan banks was offered March 22 at The securities fall due on fourth issue of debentures offered by the 12 Home Loan banks. The purpose of the April on 1943. 1, was to This refund 1V2% 1, 1938. April The details of par. the was the major part of the $24,700,000 of of debentures one-year the banks maturing non-marketable special securities to Treasury bills sold on a discount basis are Bills Amount of Dated Feb. 24 1938 Feb. 24 1938 Mar. Subscrip¬ Offering Bills Offered tions Mature 2 1938 June 1 1938 $50,000,001 ) $230,782,000 50,000,00( ) .160,894.000 91 days 2 1938 June 16 1938 106 days Mar. 3 1938 Mar. 9 1938 June 81938 91 days 50,000,00() Mar. 3 1938 Mar. 9 1938 June 16 1938 99 days 50,000,00() Mar. 10 1938 Mar. 16 1938 June 15 1938 91 days Mar. Mar. 10 1938 Mar. 15 1938 June 17 1938 93 days 50,000,001 50,000,001 Mar. 23 1938 June 22 1938 91 days 100,000,001 Mar. 17 1938 17 1938 227,296,000 159,587,000 204,681,000 122,339,000 242,126,000 Mar. 23 1938 June 86 days 50,000,001 118,569,000 Mar. 24 1938 Mar. 30 1938 June 29 1938 91 days 100.000,001 233,733,000 Mar. 24 1938 Mar. 30 1938 June 18 1938 80 days 50,000,001 82,462,000 Mar. 31 Apr. 6 1938 91 days 100,000,001 199,200,000 1938 July 6 1938 To Redeem Bills Subscrip¬ Amount Average Offered tions Accepted Price Yield Maturing Feb. 24 1938 $230,782,000 $50,137,000 99.978 Feb. 24 1938 160,894,000 0.086% 0.058% 227,296,000 50,042,000 50,156,000 50,033,000 50,208,000 99.983 3 1938 99.982 99.9824 50,025,000 99.982 Issue of— 0.073% Mar. Mar. 3 1938 159,587,000 Mar. 10 1938 204,681,000 122,339,000 Mar. 17 1938 242,126,000 Mar. 17 1938 When Secretary Morgenthau announced on Feb. 3 that, beginning Feb. 28, he would offer a new series of June tax on given in the following tables: Mar. 10 1938 the social security funds. were 1938, and $10,000,000 of them will mature on Sept. 15 and $14,500,000 300,000 of the consolidated raised by the about value. par heavy oversubscription, the subscription books a closed were $250,000,000 through the medium of June tax The net reduction in thus value of bonds, he said. paid off in cash money increased, for the Treasury continued its baby date having bonds cash value of about $1,240,000,000 had sold, according to the Secretary. A and held in the $155,000,000. It should be pointed out, however, that the gross debt was in fact market and a Mar. 17 1938 immediately notes other time in the foreseeable future." 7 baby March to citizens of the Secretary the bonds either at the end of this savings $1,584,462,875 and been issue March '9. on of sale dated The which in fiscal year or at any fact that he ury General, reports that the sale of baby bonds would be Following offering an issue of 10%-year 2 y2% Treas¬ bonds of 1948 in exchange for the maturing 3% notes. S. Black, Third Assistant denied the discontinued April 1 or at the end of the current fiscal year. no intention," said Mr. Morgenthau, "to discon¬ Postmaster exchange for the $455,175,500 of 3% Treasury notes falling due on March 15. On March 7 the Secretary made known the was increased to offering will have to be June 23 to take care of maturities. on Secretary Morgenthau made public on March 19 a letter An exchange falling notes its of regular weekly $150,000,000 paid and income taxes were col¬ day. same 3% the was about to The average yield on Treasury which of and the gallon throughout New a amounted bonds Treasury , prices of all grades of gaso¬ car gallon. a March %c. 0.2c. up area. March 30—Standard of Ohio lifted tank line marked were in month. 118,569,000 Mar. 24 1938 233,733,000 82,462,000 199,200,000 Mar. 24 1938 Mar. 31 1938 99.984 , 0.059% 0.070% 0.068% , $50,030,000 50,000,000 50,045,000 99.983 0.067% 100,218,000 50,099,000 99.986 100,097,000 99.978 0.059% 0.087% 100,092,000 50,107,000 100,325,000 99.982 0.081% 99.965 0.139% 100,282,000 ° 100,010,000 bills, he said that the amount to be borrowed by the bills would depend on how the March income tax collections new money to be NEW SECURITY ISSUES IN MARCH decided to offer $50,000,000 New offerings in the domestic market for March increased moderately as compared with the total financing in Febru¬ ary, but failed, however, to come within a near approach of the volume handled for the same period one year ago. Among the outstanding emissions for the month, the United to as shaped He indicated that the total up. raised would be between March special 24, when bills, $200,000,000 and $300,000,000. $200,000,000 had been borrowed by the Secretary said that the Treasury On the had more of the June bills because the March income tax returns would fall from $20,000,000 $50,000,000 under the Treasury's expectations. In spite of the fact that tax collections fell short of Treasury expec¬ tations, they were still in excess of the previous year's collections. the month 000,000 Up to March 31 amounted over the to the income $723,002,013, corresponding an tax receipts increase for of $23,- 1937 period. Income tax collections for the fiscal year to date, moreover, totaled $1,995,073,343 against $1,506,870,473 in the previous fiscal year. The excess of expenditures for the fiscal year to March 29 amounted to $856,357,364 against $1,792,532,687 corresponding period of the previous fiscal year. The price trend of outstanding Treasury issues in March was as follows: Continuing the advance in the previous four months, prices of government securities were firm in in the States Rubber the to of that date Co. a announced contract on was private sale of $45,000,000 of large institutional investors. March 31 that effective signed by the company for new 4%% 1st mtge. bonds Next in order came the $28,000,000 offering of the Duluth Missabe & Iron Range Ry. 1st mtge. 31/2% bonds, priced at 98 and int., to yield about 3.62%. The United States Steel Corp. owns all the capital stock and $28,000,000 of the total issues of $30,000,000 1st One other offering of size was the $8,000,000 Southern New England Telephone Co. issue of 30-year 3%% debentures, disposed of at private sale to a small group of institutions. Incidentally, the Youngstown Sheet & Tube Co. during March completed arrangement to borrow approximately $12,500,000 from banks. Of the total, $5,000,000 will be used to pay off a mtge. 3y2% bonds of the company. $18,000,000 New York City Parkway Authority, N„ Y.#Ji H % revenue bonds were purchased by Lehman Bros, of'New York, and associates, at 100.037, a basis of about 3.49% . In reoffering the issue, the bankers priced the $5,000,000 serial bonds, due annuallyfrom 1940 to 1963 incl., to yield from 1.50% to 3.26%, according to maturity, and the $13,000,000' of sinking- fund obligations, due April 1, 1968, were priced at par. The bonds are callable prior to stated maturity dates, as set forth in the bank loan* of that amount made in January, 1937,, and, the increase working capital and pay for im¬ remainder will Below provements, we give the larger offerings in March : RAILROAD' FINANCING1 $28,000,000 Duluth Missabe & Iron Range Ry-—-A banxing syndicate headedt by Morgan Stanley & Co,, Inc., offered on March 30 $28,000,000) 1st mtge. 3M% bonds at 98, and int,, to. yield about 3.62%. The issue has been sub-underwritten by 33 in¬ vestment firms, which. constitute the primary selling group, but their Corp. names owns all have not been disclosed. United States Steel the capital stock and* $28,000,000 of the total indenture. ♦ issue of $30,000,000' 1st mtge. 3H% bonds of the company. Morgan Stanley & Co., Inc., has agreed to purchase $28,000,000 of the bonds from U. S. Steel Corp. at 90 and int. The balance of $2,000,000 bonds has been purchased by the United States Steel and Carnegie Pension Fund from the Steel Corp-, at the same price that the bonds were offered to the public. It was announced March 30;that the issue was oversubscribed. . , to Stillman & Co. PUBLIC UTILITY FINANCING 2,415,400 Albany, N. Y., 2% and 2H% general purposes bonds, due annually from 1939 to 1978 incl.,. were awarded to. an account managed by Halsey, Stuart A Co., Inc., New York, at 100.158, an interest cost of about 2.20%. They were reoffered for public investment to yield from 0.50 to, 2.60%, depending: on coupon rate and maturity., $8,000,000-Southern New England Telephone Co.—Theco. on Mar-. 17 announced that it has arranged for the private sale of $8,000,000 30-year 3 H% debentures at 102. The sale-was made to a small group, of institutions and was completed through, Chas. W. Scranton A Co, The issue has been approved by the Pub¬ lic Utilities Commission of Connecticut. The proceeds will be applied to the retirement of existing 1 . 1,300,000 Minneapolis, Minn., 2.20% Improvement bonds, due annually from 1939 to 1948 incl., were awarded jointly to Phelps, Fenn A Co. and Stone & Webster and Blodget, Inc., both of New York, at 100.23, a basis of about 2.15%. Reoffered to yield from 0.60% to 2.25% , according to maturity. obli- Sations ofto meet the cash needs ofto approximately $5,20000, and the company,-amounting the company's construc¬ tion program. The new debentures are to be dated April 1, 1938. and will mature April 1. 1968. $2,300,000 Long Island Lighting Co.—The company announced Mar. 31 that it has placed privately with the Equitable Life Assurance Society of the U. S. $2,300,000 1st ref. mtge. bonds, series C, 4%, due June 1, 1960. * 1,100,000 Rochester, N. Y., 1.70% public works bonds, due from. 1940 to 1948 Incl., were awarded'to Halsey. Stuart A Co., Inc., New York, and associates, at 100.18, a basis of about 1.67%. Reoffered to yield from 0.75% to 1.85%, according,to maturity. The New York P. S. Commission has authorized the issue, bonds to be sold at par and accrued interest. The bonds are to be secured by the company's first refund¬ ing 1,085,000 Waterbury, Conn., 2H% funding and improvement bonds, due serially from 1939 to 1958 Incl., were sold to a group headed by Brown Harriman A Co.. Inc., New York, at 100.18®, a basis of about 2.73%. Reoffered toyield from 0.75% to 2.75% according to maturity. mortgage; American Exchange National Bank (Irving Co., successor) trustee; are redeemable to and incl. Trust June 1. 1940 at 105, thereafter at for each five-year period to June a decreasing premium of 1% 1,1955, thereafter to and incl'. 1,070,000 Birmingham, Ala., 3H% improvement bonds, due from 1942 to 1958 incl., were awarded to a group composed; of Banamerica-Blair Corp., Halsey, Stuart. A Ck)., Inc. and Ward,, Sterne A Co., of Birmingham, at 100.209, a basis of about 3.48%. Reoffered to yield from 2.50 to.3.50%, according to June 1, 1958 at 101 and thereafter to maturity at par. from the sale of the bonds are to be used to pay $2,300,000 of short-term loans owing to banks. $970,000 Cumberland County Power & Light Co.—-Priced at $97 per share flat, an additional issue of 10,000 shares of 5H cum. pref. stock (par $100) was offered March 1 by a group of inr vestment firms headed by H. M. Payson & Co. of Portland, Me., who are acting as agents for the company in the sal© of this stock. Other members of the group included Charles H. Gilman ACo,, First Boston Corp., Maine Securities Co., and Coffin A Burr,, Inc. Uixm thesaie of these shares there will be outstanding a total of $2,000,BOO 5 H % cum. pref. stock. With the $3,999.400 of 6% cum. pref., the total of preferred outstanding will amount to $5;999,400. Funded debt of the company con¬ sisting entirely of first mortage bonds, amounts to $11,005,000. $600,000 Bangor Hydro-Electric Co.—An issue of $600,000 1st mtge. 3 t2 % bonds due March 1,1963, has been placed privately, it was announced March 28, through Smith, Barney A Co., E. W. Clark A Co. and Hornblower A Weeks, acting as agents for the company. The purpose of the financing is to reimburse the company for recent property improvements and to provide funds for contemplated improvements to property. $400,000 Indiana Associated Telephone Corp.—An offering of 17,291 3.10%, according to maturity. 2,600,000 Chicago* 111., "water works system certificates of indebtedness, comprising $1,500,000 3s, due from 1943' to 1947 incl., and $1,100,000 3Hs, maturing from 1952 to 1964 incl., were sold to Halsey, Stuart & Co.,, Inc., New York, and associates. Bankers paid a price of 105.55 for the 3s, a basis of about 2.145%, and 107.86 for the 3 J^Si the interest cost being 2.85%. The 3s were offered to investors to yield from 2.10% to 2.50%, while the 3 Hs were priced to return 2.75%. 99.033. A bid of 97.029-was submitted by Evans * and associates. - 8,350,000 Philadelphia School District, Pa., 1%% operating revenue bonds, due semi-annually from Oct. 1, 1938 to Oct. I, 1941, both inclusive, were taken, by an account managed by Dreyel A Co. of Philadelphia. Successful bid was a price of 100.139, a 1.61% interest cost basis. Reoffered to yield from 0.40% to 1.75%, according to maturity. 2,750,000 Erie County, N. Y., 2-90% various purposes bonds, due annu¬ ally from 1939 to 1953 incl,, went to a syndicate headed'by Lehman Bros, of New York, at 100.13 a* basis of about 2.87%. Offered for public subscription on & yield basis of from 1.10% $2,235,000 Chicago Milwaukee-St. Paul & Pacific RR,—Salomon Bros* & Hutzler, Dick A Merle-Smith and Stroud A Co. were high bidders on March 10 on $2,235,000 3 % % equipment trust cer¬ tificates, series S; maturing April 1, 1939-53. with a tender of . is monthly keview April, 1938] maturity. ' 1,000,000 Jacksonv llc, Fla., 2}4% electric revenue certificates, due $100,000 each year from 1939 to 1948 incl., were awarded to the Chase National Bank of New York and associates, at 100.24, a basis of about 2.20%. No public reoffering was made. 1,000,000 New Mexico (State of) 2%% and 3% highway debentures. due in 1929 and 1950, were sold to the First Boston Corp.* New York at 100.04. a baste of about 2.92%,. x DIVIDEND CHANGES IN MARCH , shares of $6 cum. pref. (no par) stock was made March 6 at It sel provide a sinking fund to retire a minimum of $275,000 of debentures each year and, contingent on earnings, Booker & Co., Washington, D. C., offered 4 H % bonds at par. Bonds were dated come due April E. $800,000 1st mtge. April 1, 1938 and be¬ 1, 1948. The net proceeds to be received by the company from the sale of the bonds (estimated at $785,920, after deducting derwriting commission and other expenses) are to un¬ be used for ^be retirement of funded debts of the company maturing Apr. 1, 1938, in the total principal amount of $690,000. The balance of approximately $95,920 will be used by the company in paying off existing bank loans due Second National Bank and Bankof Washington, Washington, D. C. The securities to be retired practically all held by Wash¬ ington, D. C. banks, trust companies and individual investors. Corporation i© the successor company to the Washington are Market Co. '' $500',000-Transcontinental Petroleum Corp.—Public offering of $500,000, 6r% conv. 1st mtge. sinking fund gold bonds was made by Leach Bros., Inc., Johnston, Lemon A Co., Wash¬ ington, D. C. and Gilbert F. Brooks A Co., Providence, R. I The bonds which are to be issued pursuant to a plan of reorganization approved by the U. S. District Court for the Northern District of Texas, are dated Feb. 1, 1938 and mature Feb 1 1943. They are priced at 98H and interest. The bonds ar© redeemable at the option of the company in whole or in part on 60 days' notice at 105% and accrued in¬ terest. They are convertible prior to Jan. 15, 1940 into 200 shares ($1 par) com. stock for each $1,000 of bonds. • MUNICIPAL FINANCING $43,000,000 New York, N. Y., 3% various municipal »■•••.« purposes bonds, due serially from 1939 to 1968 incl.. were awarded to a syndicate headed by the Chase National Bank of New York, at 100 719 baste of about 2.94%. They were reoffered to yield from 0.60% to 3.10%» according to date of maturity. a the Dec. 20, last and 37 He. on Oct. 30 and on July 30, last. 5 maximum of $365,000. Interest payable M'. AS. $800,000 Terminal Refrigerating &. Warehousing Corp.—Y. ■ payable April 1, Beneficial Industrial Loan Corp.—Dividend of 45c. a share was paid March 30, oa the common stock. This compares with 30c. paid on issue, if not all, will Insurance Co., Prudential Insurance Co, and New York Life Insurance Co. The company has called for redemption on July I next, its entire outstanding issue of $50,000,000 1st A ref. mtge. 5% gold bonds, series A. due Jan. 1, 1947, at 105 and interest. Payment will be made at office of Central Hanover Bank A Trust Co., 7h Broadway, N. Y. City. * $5,500,000 Champion Paper & Fibre Co.—Offering by means of a pros¬ pectus of $5,500,000 4 % % sinking fund debentures (1938 issue) was mad© March 28 by W. E. Button A Co, and Goldman, Sachs 4 Co, and associates. The debentures were priced at 99H and accrued interest. Dated March 1, 1938; due Sept. 1, 1950-. Coupon debentures in denom. $1,000, registerable as to principal only. Company r Corp.—Extra dividend of 25c. a share in addition, to the regular quarterly dividend of 50c. a share on the class A stock, both also announced that the company has contracted to privately to four purchasers at 105 $400,000 1st mtge. was at par and that the greater portion of the be taken by the Metropolitan Life • eries American Business Credit Corp.—Initial dividend of 10c. a share on common class. A stocks, payable April 14. bonds, series B, due Oct. 1. 1965. • FAVORABLE CHANGES American Ba Mitchum, Tully A Co. INDUSTRIAL AND MISCELLANEOUS FINANCING $45,000,000 United States Rubber Co.—Following the approval by the stockholders of the terms of its recapitalization plan on Mar. 31, the company^announced that a contract was signed for the private sale of $45,000,000 new 4 Ji% 1st mtge. bonds to large institutions1 investors. Neither the sale price nor the identity of the purchasers was made public. It is' understood' however, that the sale was - March greatly outnumbered the favorable changes. The following list, divided into two sections, namely "Favorable Changes" and "Unfavorable Changes," gives the more important of the changes: a 6y *2 °vv? P?r Co., Inc., and including Paine, Webberheaded Bonbright A share through an underwriting group & Co. and Unfavorable changes in dividend declarations in Bausch & Lomb Optical Co.—Initial dividend of 25c. a share on common the stock, payable April 1. Bralorne Mines, Ltd.—Extra dividend of 10c. a share and a quarterly 15c. a share on the no par, common stock, both payable April 14. of An extra of 10c. and a regular quarterly of like amount were paid in each of the four preceding quarters. ~ Carbons Consolidated, Inc.—Dividend on the common from 25c. a share to 40c. a share, payable March 28. stock increased Coronet Phosphate Co., N. Y.-—Dividend of $1.25 a share on stock, payable April 1. share were distributed. par common $1 a ' the $100 Previously regular quarterly diva, of Esquire Coronet, Inc.—Extra dividend of 30c. a share and a regular quarterly of like amount were paid March 30, last on the common stock. (Geo. A.) Fuller Co.—Dividend of $1 a share on the new 4% cumulative This will be the first divi convertible preferred stock, payable April 1. paid since 1932. , General Crude Oil Co.—Initial dividend of 10c. , stock payable June a share on the common 10. * Hammond Instrument Co.—Special cash dividend of 15c. a share plus a dividend of 1-100 of a share of 6% preferred stock on the common shares* both payable March 16. Illinois Commercial Telephone Co.—Dividend of $2 a share on account of accruals on the $6 cumulative preferred stock of no par value, payable . April 1. This payment clears up all accumulations on the issue. (F. L.) Jacobs Co.—Stock dividend of 40% on the $1 par common stock payable April 30. Dividend will be paid at the rate of two new shares for each five shares held. (D. Emil) Klein Co., Inc.—Directors have declared a dividend of 25 cents per share on the common stock, payable April 1. A dividend of 75 cents was paid on Dec. 24, last, the company at that time stating that this 75cent dividend comprised the regular quarterly dividend of 25 cents ordinarily due and the quarterly dividends of 25 cents which would ordinarily be paid on April 1 and July 1,1938. Langendorf United Bakeries, Inc.-—Initial quarterly dividend of 50c. a share on the $2 class A stock, payable April 15. 1 (Oscar) Mayer & Co., Inc.—On March 1, the company paid an extra dividend of 25c. a share and a regular quarterly of $2 a share on the 8% second participating preferred stock, par $100. National Manufacture & Stores Corp.—Stock dividend of one-half share of common stock for each share of $5.50 convertible prior preferred stock held,, payable April 15. - New Orleans Public Service, Inc.—Dividend of 87 He. a share on account of accumulations on the $7 cumulative preferred stock payable April 1. This will be. the first dividend paid since April 1, 1933 when 87He. a share was also distributed. Pan American Match Co.—Initial dividend of 50c. a share on the com* mon stock became payable March 29. Park & Tilford, Inc.—An Initial dividend of 75c. a share was paid March 20, on the cumulative convertible 6 % preferred stock of $50 par value, 1 Reed Roller Bit Co.—Extra dividend of 10c. and sharewere paid March 31 cm the nor-par a quarterly of 20c. a common stock. „ Shasta Water Co.—Extra dividend of 25c. a share and a quarterly of 50c. a share on the no-par common stock, both payable April 1. South Penn Oil Co.-—Extra dividend of 12 K.c. a share and a regular quarterly of 37 He* a share on the $25 par capital stock, both payable March 31* • 14 REVIEW MONTHLY Bond Stores, Inc.—Dividend on the common stock reduced from 40c. a share to 20c. a share and became payable on March 31, last. Southern Acid & Sulphur Co., Inc.—Extra dividend of 50c. a share and a regular dividend of 25c. a share on the common stock, both be¬ come payable March 19. Stedman Bros., Ltd.—Extra dividend of 10c. a share and a regular Borg Warner Corp.—Directors on March 5 voted to omit the dividend ordinarily due about this time on the $5 for common stock. An extra dividend of 50c. and a regular quarterly of like amount were paid on quarterly of 15c. a share on the common stock, both payable April 1. Todd Shipyards Corp.—Dividend on the no-par capital stock increased from 50c. a share to $1 a share and became payable March 21. Van Camp Milk Co.—Dividend on the common stock increased from 25c. a share to 50c. share, and became payable on March 25. a Vieder-Root, Inc.—Extra dividend of 25c. • Dec. 10,last. Borne Scrymser Co.—Dividend on the $25 par, from 75c. a share to 50c. a share, payable April 15. share and a regular quarterly a of like amount on the common stock, both payable March 15. Boston Woven Hose Wellington Fund, Inc.—Dividend from 15c. share to 20c. a a on the $1 par common stock increased share, payable March 31. share was St Crampton Corp.—Initial quarterly dividend of 18)4c. a share on the cumulative convertible preferred stock, payable May 16. Lathrop Co.—Extra dividend of 12 He. a share and a regular quarterly of 37He. a share on the $10 par common stock, both payable March 30. .•. Electric Co.—Dividend Corp.—Dividend on the $25 par common stock reduced a share, payable March 15. ■ Bristol Brass from $1 share on the This compares with 75c. paid capital stock, par $25, payable March 31. on Dec. 24, last. UNFAVORABLE of $1 On Aug. 20 last one of $2 a paid. Briggi Manufacturing Co.—Directors on March 17 voted against the declaration of a dividend on the no par common stock at this time. A distribution of $1.50 a share was made on Dec. 23, last. Woodward & Suburban stock & Rubber Co.—Dividend on the common stock ordinarily payable at this time omitted. Winters Worcester capital stock reduced Boston Herald-Traveler Corp.—Dividend on the no par common reduced from 50c. a share to 25c. a share, payable April 1. a share to 50c. a Co.—No action on the quarterly dividend share ordinarily due on the $6 preferred stock at this time. Brown Forman Distillery $1.50 a Burco, Inc.—No action on the quarterly dividend of 75c. a share due at this time on the $3 preferred stock. CHANGES of ordinarily Co.—-Directors recently passed the dividend ordinarily payable at this time on the common shares. A dividend of 25c. a share was paid on Dec. 1 last. Burd Piston Ring Abraham St Straus, Inc.—Dividend on the no par common stock decreased from 75c. a share to 37 He. a share, payable April 25. Aetna^ Ball Bearing Mfg. Co.—No action taken on the payment of a dividend on the common stock at this time. - Dividends of 40c. a share were paid on Dec. 20 and Sept. 25 last. V:v. '■ Burroughs Adding Machine Co.—Dividend on the no par common stock reduced from 20c. a share to 10c. a share and becomes payable on June ■ 6, next. ■ Affiliated Fund, Inc.—Dividend of 8c. a share on the 25c. par common stock, payable April 15. A regular quarterly dividend of 15c. a share was paid on Jan. 15 last. ™ ■ ; „ was ■ from 30c. a share to the common stock decreased on , ^20c. a share, payable April 1. Aluminum Industries, Inc.<—'Directors on March 8 failed to take action on the quarterly dividend due at this time. Previously regular quarterly dividends of 10c. a share were distributed*. Amalgamated Leather Cos., Inc.—Directors took nd action . American Beverage Corp.—Directors on March 22 took no action on the payment of a dividend ordinarily due at this time on the 7% cum. conv. 1 pref. stock, par $5. A regular quarterly dividend of 8Hc. a share was paid on Jan. 3 last. American Brake Shoe & Foundry Co.—Dividend of 25c. a share ofr-the no par common stock was paid on March 31. This compared with $r.40 on Dec. 24 last and 75c. on Sept. 30 last. ( American Crystal Sugar Co.—Dividend on the $10 par common stock decreased from 50c. a share to 25c. a share, payable March 24. J American Enka Corp.—Directors passed the dividend ordinarily due on; the common shares at this time. A distribution of $1 was paid on Dec. 23 last. * American Hide & Leather Co.—Directors on March 17 took no action on the dividend ordinarily due at this time on the 6% cum. pref. stock, par $50. Regular quarterly dividends of 75c. a share have been paid on this issue since March 30, 1936. American Meter Co.—Dividend of 30Cw share on the common stock, a payable April 15. A special of $1 a share in addition to a regular quar¬ terly of 75c. a share was distributed on Dec. 21 last. American Mfg. Co.—Directors failed to take any action regarding the payment of a dividend on the common stock at this time. A payment of $1 was made on Dec. 31 last. American Smelting & Refining Co.—Dividend of 50c. a share on the no par common stock, payable May 31. This compares with 75c a share paid on Feb. 28 last. Apex Electrical Mfg. Co.—Dividend the 7% prior pref. stock of $100 ordinarily due at this time omitted. Regular quarterly dividends of $1.75 a share were distributed on Dec. 28 last. » \ t.: . Apollo Steel Co.—Dividend ordinarily due at this time on the common One of 12 Hc. a share was paid on Dec. 23 last, and each shares omitted. quarter previously. • distributed. a share was paid March 31 Previously quarterly dividends of 40c. a share • Century Electric Co..—Directors deferred action on the payment of a dividend on the new common stock at this time. share was paid on Dec. One of five cents a 27, last, and an initial of 10c. on Sept. 30, last. Chicago Railway Equipment Co.—Directors on March 15, voted to omit the regular quarterly dividend of 43He. a share on the 7% cum. pref. stock of $25 par due on April 1. The company cleared up all accruals on this stock on Dec. 18, last, with the payment of a dividend of $3.06)4 a share. Chilton Co.—Dividend 5c. a on the common stock reduced from 10c. share, payable April 15. « a share to ,. City Auto Stamping Co.—Directors on March 10 took no action on the payment of a dividend on the common stock ordinarily due at this time. An extra of 30c. a share and a regular quarterly dividend of 15c. a share were both paid on Dec. 20, last. City Ice St Fuel Co.—Dividend Of 40c. payable March 31. A dividend of 50c. a share on the common stock, paid on Dec. 15, last, and was each three months previously. Cleveland Graphite Bronze Co.—Interim dividend of 25c. a share on the $1 par common stock, payable March 31. This compares with $1.30 paid on Dec. 20, last, and 50c. a share previously. Cliffs Corp.—Dividend on the common stock reduced from 20c. a share to 10c. a share, payable April 1. Cluett Peabody & Co., Inc.—Dividend on the no par common stock reduced from 25c. a share to 15c. a Bhare, payable May 2. Collyer Insulated Wire Co.—-Dividend on the no par common stock reduced from 35c. a share to 10c. a share payable April 1. . Columbia Mills, Inc.—Dividend on the common stock reduced from $1 a share to 50c. a share, payable April 1. Consolidated Cigar Corp.—Directors took no action on the payment of a dividend paid on par Celanese, Ltd.—Dividend of 25c. the common stock. Carpel Corp.—Dividend of 50c. a share on the no par common stock, payable March 31. This compares with 25c. paid on Dec. 28, last. J. W.) Carter Co.—Dividend on the common stock reduced from 20c. a share to 15c. a share, payable April 1. on the pay- ment oi a dividend ordinarily due at this time on the new 6 % conv. pref. stock of $50 par. A regular quarterly of 75c. a share was paid on Jan. 3 last.' ' '■ • ' '•/ ' " , on were passed the dividend ordinarily due at this time 22, last. A regular quarterly of $1 was paid Dec. the common stock. Canadian paid. Alabama Fuel & Iron Co.—Dividend . on Ainsworth Mfg. Co.—No action taken on the payment of a dividend on the common stock at this time. On Dec. 16 last a dividend of 75c. a share T „ Calhoun Mills—Directors on on the common stock at this time. One of 75c. a share was Jan. 14, last. Continental Steel Corp.—Directors on March 15 failed to take action on the payment Of a dividend on the common shares. A regular quarterly of 25c. a share was paid on Dec. 24, last. Cutler-Hammer, Inc.—Directors on Feb. 23 took no action on the current quarterly dividend on the common stock. A year-end dividend of 25c. a share on the larger amount of shares outstanding was paid on Dec. 15, last. The company's stock was recently split up on a two-for-one basis. Armour & Co. (111.)—Directors on Feb. 25 deferred action on the dividends on the common, the $6 prior preferred, and on the 7% cumulative preferred stocks, due at this time. A distribution of 15c. a share was made Dec. 15 last on the common shares. Davenport Hosiery Mills, Inc.—Dividend on the no par common stock reduced from 50c. a share to 25c. a share, payable April 1. Art Diesel-Wemiher-Gilbert . , Metal Construction 15 last and 80c. on Dec. Associates a share on the $10 Corp.—Dividend of 20c. a share on the $10 stock, payable March 25. A dividend of $1 was paid on Dec. 24, last and an extra of 25c. in addition to a regular quarterly of like amount was paid on Sept. 25, last. stock, payable April 1. par common L, Co.—Dividend of 50c. Investment a This, compares with $1.20 paid share on Oct. 1 last. Co.—Dividend the on no-par stock common reduced from 75c. a share to 50c. a share, payable March 31. Atlantic Building Trust (Boston)—Semi-annual dividend of 50c. share was paid on the common stock on March 15 and compared with regular semi-annual dividend of $1 a share paid on Sept. 15 last. Dejay Stores, Inc.—Dividend ; Atlantic Steel Co.—Dividend of 15c. a share on par, common on the $1 par common from 20c. a share to 10c. a share, payable April 1. a a the new no-par common stock, payable March 31. This compares with a dividend of $3 paid on Dec. 20 last and an initial dividend of $1.20 a share on this issue on Sept. 39 last, ' v Automobile Finance Co.—Directors omitted the dividend ordinarily Detroit Gasket St Manufacturing Co.—Directors on March action on the quarterly common dividend normally payable A regular quarterly of 25c. a Bhare was paid on Jan. 20, last, no • , , - . . due at this time share was on the common stock. the common dividend. One of 6)4c. was paid on share the Dec. 27, last, and each three months previously. Detroit Steel Products Co.—Directors Babcock & Wilcox Co.—Dividend of 25c. 24, took April 20. Detroit Paper Products Co.—Directors on March 2, deferred action on A regular quarterly of 10c. a paid on Dec. 1 last, stock decreased Delta Electric Co.—Dividend on the common stock reduced from 25c. a share to 15c. a share, payable March 21. on March 16 took no action on the stock, paid. payment of a dividend on the no-par capital stock ordinarily due about March 31. One of 50c. a share was paid on Dec. 22, last. Backstay Welt Co.—Directors omitted the common dividend normally due for payment in April. A regular quarterly of 30c. was paid on (Joseph) Dixon Crucible Co.—'Dividend on $100 par capital stock due at this time omitted. A regular quarterly of $1 a share was distributed payable April 1. . . a on During 1937 five dividend, each of $1 a common share; were Jan. 15 last. i Baldwin > on Co.—Dividend of five cents a share payable March 25. This compares with 15c. on Sept. 25, and June 25 last. . on the 10c. paid stock, 24 last, common on Dec. Baldwin Rubber Co.—Directors passed the dividend usually payable in April on the common stock. A regular quarterly of 12Hc. a share was paid on Jan. 20 last. Be Id wing Heminway Co.—Dividend on the no par common stock de¬ creased from 25c. a share to 12He. a share, payable April 30. Bendix Aviation Corp.—No action taken on the declaration of a dividend on the $5 par common shares ordinarily payable about March 12. Divi¬ dends of 25c. a share were distributed in each of the four preceding quarters. • - . , Berghoff Brewing Co.—Director at recent meeting took no action on the j payment ofa dividend normally due March 15 on the common stock, A regular quarterly of 25c. was paid on Dec. 15, last. Berkshire Fine Spinning Associates, Inc.—No action taken on the pay- ment of a dividend at this time on the preferred and common stocks. A distribution of 40c. a share was paid Sept. 24, last on the common stock. Bird & Son, Inc.—Dividend on the common stock of no par value reduced from 25c. a share to 10c. a share, payable March 28. n - * Block & Decker Mfg. Co.-—No action taken on the payment ofa dividend on the common stock at this time. One of 25c. a share was distributed On Dec. 31, last and each three months previously. i Blaw-Knox Co.—Directors a dividend on the March 28 took no action on the payment of stock at this time. A year-end disbursement on common of 50c. was made on Dec. 20, last. * Bloomingdale Bros., Inc.—Dividend on the common stock reduced from 37He. ,a share to 18 J£c. a share, payable April 25. Bliss & Laughlin, Inc.—Directors took no action on the payment of a dividend on . , the common stock, par a $5, at this time. An extra of 25c. a regular quarterly dividend oi 50c. a share were paid on Pec. 24. last. , V Bohn Aluminum St Brass Corp.—Directors on March 31 took no action on the payment of a dividend at this time oh the $5 par, common stock. Dividends of $1.25 a share were paid on Dec. 21 and Oct. 1 ,'last. 23, last. • Doehler Die Casting Co.—Dividend on the common stock reduced from 50c. a share to 20c. a share, payable April 18. Dow Drug Co.—Directors recently deferred the payment of dividends ordinarily due at this time on the common and preferred stock. Duff-Norton Mfg. Co.—Dividend on the no-par common stock reduced from 50c. a share to 40c. a share and become payable on March 18. Dunean Mills—Dividend on the common stock reduced from 50c. a share • to 40c. a share and was paid on March 1, last. Eastern Steamship Lines, Inc.—Directors on March 7, took no action the quarterly dividend due to be declared at this time on the $2 dividend no-par convertible preferred stock. A regular quarterly of on. 50c. a share was paid on Jan. 3, last. Emerson Drug Co.—Dividends on the class A and class B common stocks reduced from 50c. a share to 40c. a share, payable April 1. Fafnir Bearing Co.—Dividend on the $25 par, common stock reduced from $2 Fiberloid 75c. a a share to $1 a share and became payable on March 31*. * ' Corp.—Dividend share to 30c. a on the no par common stock reduced from share, payable March 10. * ;V ; : (William) Filene's Sons Co.—Dividend common of 25c. a share on the no par stock, payable April 25. This compares with 50c. paid on on March 25, 1937, Sept. 25, June 25, and Firestone Tire & Rubber Co.—Dividend reduced from 50c. { share and Dec. Dodge Manufacturing Corp.—Dividend on the common stock reduced from 25c. a share to 12He. a share, payable April 13. a share to 25c. a on the $10 par, common stock share, payable April 20. Food Machinery Corp.—Dividend on the $10 par common stock reduced from 62He. a share to 25c. a share, payable March 31. Franklin Process—Dividend on the no par, common stock reduced from 75c. a share to 25c. a share, payable April 1. ■ ■■, Fruehauf Trailer Co.—Dividend on the common stock ordinkrliy due at this time was omitted. One of 25c. a share was paid on Dec. 24, last. . . Fundamental Investors, Inc.—Dividend of lOci a share on the $2 par capital stock, payable April 1. This compares with 50c. paid on Dec. 21, last and 25c. in each of the three preceding quarters. _ McCall Gemmer Mfg. Co.—No action taken on the payment of a dividend ordinarily due at this time on the class A stock. A quarterly dividend of 75c. was paid on Jan. 3, last. . action a share on the no par common stock, payable April 25. This compares with $1 paid on Dec. 20, last and 40c. paid on Oct. 25, July 26 and April 26, 1937. < share a share to 10c. Glidden Co.—Directors Medusa Portland dividend on the Dec. 24, last. dend due at this time. paid on A regular quarterly of 50c. a share was Goodman Mfg. Co.—Dividend of 25c. a share was paid March 31 on the $50 par, common stock. This compares with 75c. a share paid on Dec. 21, last, and previous regular quarterly dividends of 50c. a Fisheries Co., Ltd.—Dividend on the no par stock reduced from $1 a share to 75c. a share, payable April 5. < Grand Rapids Varnish Corp.—Dividend of 12 He. a share on mon stock, payable March 31. Previously regular quarterly of 25c. a share were distributed. reduced from 30c. compares share to 50c. a on March 8 took on no action on the quarterly quarterly dividends of 25c. four quarters of 1937. Hathaway ceding Mfg. stock National a share were made. & Bearing Co.—Directors on Huttig Sash & Door Co.—Dividend of $1.25 Ideal Cement Co.—Dividend of 35c. A 31 on the a share paid March 31 on the $10 extra dividend of 50c. and was with an on Dec. 22, last. compares a share was paid Industrial Rayon Corp.—Directors on March 14 voted to omit the divi¬ dend ordinarily due at this time on the company's no-par common shares. One of 25c. a share was paid on Jan. 3, last. Corp.—Dividend of 50c. a share on the $5 preferred An initial dividend of $1.25 a share was paid stock, payable April 1. on Dec. 27, last. Jefferson Electric Co.—Dividend of 25c. a share on the no-par common payable March 31. This compares with a dividends of $1.50 paid on Dec. 24, last and dividends of 50c. a share in each of the three preceding quarters. Jenkins Brothers—No action taken on the payment non-voting common and founder shares. and $1 a share, respectively, were paid on of a dividend on the Quarterly dividends of 25c. Dec. 24, last. Johns-Manville Corp.—Directors on Feb. 28 failed to declare a dividend on the no-par common shares. An extra of $1 and a regular quarterly of 75c. were paid on Dec. 24, last. Jones & Laughlin Steel Corp.—No action taken on the payment of a dividend at this time on the preferred stock. A dividend of $1.75 a 50c. was paid on Oct. 15, Previously, regular monthly dividends of 15c. a share distributed. Kelley Island Lime & Transport Co.—Dividend stock reduced from 40c. a share to 25c. Kennedy's, Inc.—No action taken common stock at this time. on a the no-par common share, payable April 1 on the payment of a dividend on last, and share Krueger Brewing Co.—Directors dividend due at this time . was on Feb. 28 decided to omit the on the common shares. A distribution of 25c. made on Dec. 16, last. Laclede Christy Clay Products Co.—No action on the payment of a dividend on the common shares at this time. A special of 25c. was paid on Dec. 28, last and a regular quarterly of 25c. on Oct. 1, last. Laclede Steel Co.—Dividend of 15c. a share on the $20 par, common stock, payable March 31. This compares with $1.25 paid on Dec. 27, last and 25c. a share on Sept. 30, June 30 and March 20, 1937. (F. & R.) Lazarus Co.—Dividend reduced from 25c. share to 25c. a a on on the no par common stock reduced from 50c. a on the capital stock reduced from 40c. payable April 1. f . Loomis Sayles Mutual Fund, Inc.—Dividend of 50c. a share on the common stock, payable April 1. This compares with $3 paid on Dec. 23, last, $15 on Dec. 1, last, and one of $1 a share on Oct. 1, last.: Lyon Metal Products, Inc.—Dividend of 12 He. share was paid March 15 on the common stock. An extra of 25c. and a regular quarterly of like amount were paid on Dec. 15, last. a share on the common stock, par $50, payable April 1. This compares with $15 paid on Dec. 29, last and $7.50 paid on Oct. 1, July 1 and April 1, 1937.- • • > a Marchant Calculating Machine Co.—Dividend of 25c. a share on the $5 par, common stock, payable April 15. This compares with $1 paid on Dec. 20, last and $1.15 on Oct 15, last. v T Dec. 22, last. the common stock reduced from on This last. Rayon Corp.—Directors on March 17 took no action of a divide id on the class A and B common stocks. A the payment a share was Brass Co.—Dividend a on Sugar Plantation ordinarily due in April dend paid on Dec. 23, last. the class A and class Finance 45c. a share to stocks 24. last. Fisheries, Inc.—Dividend reduced from 30c. a share to 15c. a share, Pacific common Co.—Directors recently passed the divi¬ on the common shares. A regular monthly dividend of 10c. was paid on March 5, Pacific American B share to 25c. a share, payable March Paauhau on the $5 par common stock payable April 30. Corp.—Dividend on the common stock reduced from 30c. a share, payaole April 1. Pacific Telephone & Telegraph Co.—Dividend on the common reduced from $2 a share to $1.50 a share, payable March 31. Packer Corp.—Dividend reduced from 40c. a share to common no-par stock, payable April 25c. a 25c. a stock share on the 15. Peaslee Gilbert Corp.—Dividend on the common share to 12 He. a share, payable March 31. stock reduced from Perry Fay Co.-—Dividend of 50c. a share on the common stock, payable March 31. This compares with $2 paid on Dec. 22 and on Sept. 30, last. Pfeiffer Brewing Co.—Dividend on the common a share to 25c. a share, payable April 11. stock reduced from 30c. Philadelphia Co.—Dividend on the no-par common stock reduced from 25c. a share to 20c. a share, payable April 25. Phoenix Securities Corp.—Dividend ordinarily due at this time on the A regular quarterly of $3 convertible preferred class A stock omitted. 75c. a share was paid on Jan. 3, last. on the $25 par common stock of This compares with $1 a share paid on Pittsburgh Plate Glass Co.—Dividend 25c. a share, Dec. 24 and payablt on Oct. April 1. 1, last. Pratt & Lambert, Inc.—Dividend on the common stock 50c. a share to 25c. a share, payable April 1. decreased from Pressed Metals of America, Inc.—Directors recently deferred action on the payment of a dividend on the no-par common stock at this time. A regular quarterly of 50c. a share was paid on Dec. 30, last. Pyle National Co.—Dividend on the common shares ordinarily due for payment at this time omitted. A dividend of 50c. was paid on Dec. 21, last, and each three months previously. Rayonier, Inc.—Directors on Feb. 27 took no action on the payment of a dividend on the common stock at this time. An initial dividend of 50c. was paid on Jan. 1, last. Red Indian Oil Co.—Directors omitted the dividend ordinarily payable at this time on the $1 par common shares. An extra of three cents and a regular quarterly of like amount were paid on Dec. 15, last. Reece Button-Hole Machine Co.—Dividend on the $10 par, capital stock reduced from 20c. a share to 10c. a share, payable April 1. " Reliable ' Stores on the common dividend deferred on decided upon by the board. regular quarterly of like amount were both paid Corp.—Action March 14 until such further date as may be An extra of Dec. on 25c. and 20, a last. Ritter Dental Mfg. Co.—No action on the payment of a dividend ordi¬ narily due at this time on the common shares. of 25c. a share each were paid during 1937. Four quarterly dividends Rochester Button Co.—No action taken on the payment of a dividend due at this time on the common shares. One of 10c. a share was paid on Jan. 20, last. Root Petroleum Co.—Dividend ordinarily due at this time on the Loomis Sayles Second Fund—Dividend on the common stock reduced from 25c. a share to 15c. a share, payable April 1. Mahoning Coal RR.—Dividend of $4 on Storage & Warehouse Co., Ltd.—Dividend of $1 a reduced from 75c. on share, payable June 1. share to 20c. a share, paid share, payable April 1. regular quarterly dividend of 24c. a share on Dec. 1, last. dividend of 25c. Ohio Liquid Carbonic Corp.—Dividend a a paid March 21, last, on the $100 par common stock. with $4 paid on Dec. 21, last, and $1.50 paid on Sept. 20, North American the common stock of no par value share to 12Hc. a share, payable April 25. Link Belt Co.—Dividend a was compares the Dividends of 30c. were paid on Jan. 15, last. I. B.) Kleinert Rubber Co.—Dividend of 10c. a share on the common stock, payable March 30c. This compares with a special dividend of five cents and a quarterly dividend of 15c. a share paid on Dec. 24, last. (G.) was Co.—Dividend 12He. New Orleans Cold 1937. Kaufmann Department Stores, Inc.—Dividend of the no-par common stock reduced from 40c. a share to 25c. a share, payable April 28. were share a share to a July 1, last. Kehaha Sugar Co., Ltd.—Dividend of 10c. a share on the common stock, payable April 1. 4 took no this time. share was paid on Dec. 23, last. a Naval Stores Investment Co.—On March 1, the company paid a dividend of 25c. a share on the common stock. An extra of 50c. was paid Dec. 22, , share regular quarterly of 50c. dividend of 50c. stock, ■ Co., Inc.—Semi-annual dividend of $1.50 a share on payable May 15. A dividend of $2 was paid National Standard Previously, regular quarterly divi¬ shares. common dends of 62 He. a share were distributed. Interstate Bakeries Casket National Malleable & Steel Castings Co.—No action taken on the pay¬ ment of a dividend on the common at this time. A regular quarterly . a Independent Pneumatic Tool Co.—Dividend of 25c. March reduced Naumkeag Steam Cotton Co.—Dividend of 50c. a share on the common stock, payable April 8. This compares with $2 paid on Oct. 7 and on Hygrade Sylvania Corp.—Dividend on the common stock reduced from 75c. a share to 37Hc. a share, payable April 1., a stock National Enameling & Stamping Co.—Directors on March action on the payment of a dividend on the common shares at A share on the 7 % cumulative preferred stock, par 100, became payable March 30. Dividend ac¬ cumulations were recently paid up on this issue. ' common March 7 voted to omit the regular quarterly ot 30c. a share was paid on Dec. 22, last. Houdaille-Hershey Corp.—Directors on March 16 deferred action on the class B dividend ordinarily payable at this time. A regular quarterly dividend of 37Hc. a share was paid on Dec. 15, last. stock. This quarterly of like amount the from dividend ordinarily due at this time on the $10 par common stock. par, common on share, payable April 15. National Steel Corp.—Dividend on the $25 par common stock decreased from 62 He. a share to 25c. a share and became payable on March 31. Hook Drugs, Inc.—Dividend on the no-par common stock reduced 25c. a share to 12Hc. a share, payable April 1. Ball a Nov. 15, last. on ' disbursements of 20c. Fund—Dividend share to 10c. a the no-par common stock, ordinarily due during March on the A regular quarterly of $2 a share was omitted. was , Investment from 20c. Co.—Dividend Spencer, Bartlett & Co.—Directors declared three monthly dividends of 15c. a share each on the common stock, $25 par, payable April 29, May 27, and June 24, respectively. Previously regular monthly Hoover ... (F. E.) Myers & Bros. Co.—Dividend on the no-par common stock re¬ duced from $1 a share to 75c. a share, payable March 28. / share was paid March 31 on a Hibbard, - Telephone & Telegraph Co.—Dividend on the com¬ $1.75 a share, payable April 15. and 50c. on Sept. 30, last. Dec. 24 last. on and on June quarters. Mutual Hercules Motors Corp.—Directors omitted the dividend due about this time on the common shares. A regular quarterly of 25c. a share was paid March 9 took no action on the One of $1.50 a share was on stock reduced from $2 a share to mon Extra dividends of 35c. in addition to regular a share were distributed in each of the four Dec. 1 last. on Corp.—Directors Mountain States share were distributed. the no-par common stock. paid dividend Previously quarterly dividends April 1. (M. A.) Hanna Co.—Dividend of 12Hc. common Products paid on Dec. 24, last and $1 a share on Nov. 20, Sept. 30 30, last. ■; Muskegon Piston Ring Co.—Dividend of 25c. a share on the common stock, payable March 31. A dividend of $1 was paid on Dec 22, last, a ordinarily due for payment -4 Dec. 24, last. on Cooperage Corp.—Dividend of 40c. a share on the $3.20 A common stock of no par value, payable April 1. This with 80c. paid on Dec. 21, Oct. 1, and on July 1 last. Haloid Co.—Directors a on the $20 par, common share, payable March 15. a the no par common stock re¬ share, payable March 30. class of 25c. stock Inc.—Dividend share to 25c. on Steamship Co.—Dividend duced from 75c. ■ a payment of a common dividend at this time. Greif Bros. - a Murray Ohio Mfg. Co.—Dividend of 15c. a share on the common stock, payable April 1. This compares with 30c. paid in each of the four pre¬ Great Lakes cum. of One of 50c. was paid on Morrison Bond Co., Ltd.—Directors passed the dividend usually due on the common shares at this time. A quarterly dividend of 25c. was paid 25c. Gray Telephone Pay Station Co.—No action taken by directors on March 25, on the common stock dividend norm ally due April 15. A regular quar¬ terly of 25c. a share was paid on Jan. 15, last. stock at this time. Merrimac Hat Corp.—-Directors at their recent meeting took no action on tne payment or a dividend on the common shares at this time. One of 50c. was paid on Dec. 1, last and 25c. a share on^Sept. 1 and on June 1, last Motor Granite City Steel Co.—-Dividend on the common stock reduced from a share, payable March 30. _ _ Inc.—No action taken on payment of a dividend on common stock ordinarily due to be declared. An additional dividend of 75c. and a dividend of 25c. a share were paid on Dec. 23. last. common the comdividends ... Cement Co.—No action taken on the payment common Mohawk Carpet Mills, share. Gorton-Pew . Merck & Co., divi¬ Jan. 3, last. , „ Corp.—Directors on Feb. 26 took no action on the payment of a dividend on the common stock. A dividend of 50c. a share was paid on Dec. 20. Sept. 20 and on June 30, last. .... ; stock re- March 7 took no action on the common on Jan. 14, last. on distributed Jan. 5, last on the common shares. . Gilchrist Co.—No action taken by directors on March 16 on the common stock. Regular dividends of 25c. a share were paid quarterly from Dec. 24, 1936 to and including Dec. 24, 1937. Publishing Co.—Directors deferred consideration of dividend shares until April meeting. A quarterly of 15c. a common paid was Mead share, payable April 1. a on on the common stock share, payable May 2. a McKeesport Tin Plate Corp.—Directors postponed action on the common dividend at this time. A regular quarterly dividend of 50c. a share was General Fireproofing Co.—Dividend of 20c. a share on the common stock, payable April 1. This compares with 75c. paid on Dec. 24, last, and 30c. on Oct. 1 and July 1, last. General Printing Ink Corp.—Dividend on the common stock reduced General Time Instrument Corp.—Dividend on the common duced from 25c. a share to 15c. a share, payable April 1. reduced from 37He. a Corp.—Dividend share to 25c. McGraw Hill General Electric Co.—Dividend of 30c. from 30c. 15 MONTHLY REVIEW April, 1938] convertible preferred stock omitted. was A regular dividend of 30c. a $1.20 share paid on Jan. 1, last. Ross Gear & Tool Co.—Dividend of 30c. a share on the no par common stock, payable April 1. This compares with $1 paid on Dec. 20, last, and 60c. on Oct. 1, last, and in each of the four preceding quarters. Rossia Insurance Co. of America—Directors on March 1 took no action on the April 1. dividend ordinarily payable on the $5 par capital stock about A dividend of 10c. a share was paid on Oct. 1, last. Ruberoid Co.—Directors took no action on March 1 with respect to the . payment of a dividend in the first quarter of 1938, was paid on Dec. 20, last. ; - ' ' • - One of 15c. a sharq 16 REVIEW MONTHLY Safeway Stores, Inc.—Dividend of 25c. a share payable April 1. A stock dividend of 1-100th of on thecommon stock, a share of 5% preferred paid on Dec. 15, last, and regular share were paid on Oct. 1, July l and stock for each common share held quarterly cash dividend of 50c. on April 1, 1937. was a 75c. share to 50c. a a the common stock reduced from on share, payable March 31.> Sharon Railway Co.—Dividend of 50c. a share was paid April 1 on the common stock and compares with a regular semi-annual dividend of $1.25 a share paid on Oct. 1, last. Sharon Steel Corp.—No action taken Dec. on the payment of a dividend on the A regular quarterly of 30c. was paid on stock at this time. common 31;, last. Shelter Manufacturing Co.—Dividend $1 the on par, stock common reduced from 12Hc. a share to 7He. a share, payable April 1. Southern Berkshire Power & Electric Co.—Dividend on the $25 par, common stock reduced from 75c. a share to 45c. a share, payable March 31. 1 Southern Natural Gas Go.—Dividend on the class A stock reduced from 50c. a share to 25c. a share, payable March 31. Southland Royalty Co.—Dividend on the $5 par, common stock decreased from 20c. a share to 10c. a share and became payable on March 15. Spencer Trask Fund, Inc.—Dividend duced from 15c. a share to 10c. on the $1 par, capital stock re¬ share, payable March 15. a Square D Co.—Dividend of 15c. a share on the $1 par, common stock payable March 31. This compares with $1.05 paid on Dec. 24, last, and 35c. oq Sept. 30, and on June 30, last. St.Croix Paper Co.—Common dividend usually due at this time was omitted. A regular quarterly of 50c. a share was paid on Jan. 15, last. St. Joseph Lead Co.—Dividend on the $50 par common stock reduced from 50c. a share to 25c. a share, payable March 21. Standard Silica Corp.—Directors took action at this time on the An extra of 12c. in addition paid on Dec. 1, last. no payment of a dividend on the common stock. to a regular quarterly of 20c. a share was L. S.) Starrett Co.—Dividend on the no par common stock reduced from 50c. a share to 25c. a share, payable March 30. State Street Investment Corp.—Dividend on the common stock reduced from 75c. a share to 50c. a share, payable April 15. (Frederick) Stearns & Co.—Dividend of 25c. a share on the common stock, payable March 31, A dividend of 75c. was paid on, Dec. 27, last, and 35c. on Sept. 30 and on June 30, 1937. Sterchi Bros. Stores, I nc.—Directors on March 1, took no action payment of dividends on the second preferred or common stocks. on the Stetcher-Traung Lithograph Co.—Dividend ordinarily due at this time the common on 37Hc. a share shares omitted. An of 50c. extra and quarterly of a on the payment of a dividend A regular quarterly of 50c. a share the common shares at this time. was paid on Dec. 22, last. Sunshine a Mining Co.—Dividend share to 60c. a on the common stock reduced from 75c. share, payable March 30. Superheater Co.—Dividend on the common stock reduced from 25c. share to 12He. a share, payable April 15. Taunton Gas Light Co.—Dividend on the $50 par, common stock duced from $1.50 a share to $1 a share, payable April 1. * ) Thermoid Co.-—Directors due at this time terly of 75c. March a 30c. dividend on paid was on was paid on $2 a share paid were Standard a a the on on payment a on the $1 par common stock share, payable March 31. the common stock reduced from 30c. share, payable April 1. due at this time on a the payment of a dividend ordinarily An extra and regular quarterly on the common shares. dividend of 25c. each were paid on Dec. 23, last. Union Wire Rope Corp.—Dividend ordinarily payable stock at this time omitted. on the common A regular quarterly of 31 He. a share was paid on Dec. 23, last. United Carr-Fastener reduced from 50c. a Corp.—Dividend share to 30c. a on dend of 15c. - on no action the common shares at this time. on the no-par common stock share, payable March 15. United Specialties Co.—Directors took dividend paid a divi¬ March 31 and 35c. quarterly on July 1, Oct. 1 and on on the payment of a dividend Dividends of 6c. were the class A and B common shares at this time. on these shares on common on stock at Dec. 8, last. United States Leather Co.—No action taken on the payment of a divi" dend on the 7 % cumulative prior preferred stock at this time. A divi¬ dend of $1.75 a share was paid Jan. 3, last, on account of arrearages. Universal Cyclops Steel Corp.—Dividend on the $1 par common stock reduced from 25c. a share to 12 He. a share, payable March 29. Upson-Walton Co.—Dividend on the $1 par common stock reduced from 20c. a share to 10c. a share, payable March 21. Utah-Idaho Sugar Co.—Directors took no action on the payment of a dividend ordinarily due at this time on the $5 par common shares. A distribution of 2c. a share was made on Dec. 31, last. Victor Chemical Works—Dividend on the $5 par common stock reduced from 30c. a share to 20c. a share, payable March 31. Wagner Baking Corp.—Directors at their recent meeting took no action on the payment of a dividend on the common stock ot this time. Dividends of 40c. were paid on Dec. 24 and on Oct. 1. last. (S. D.) Warren Co.—Dividend on the common stock reduced from 75c. a share to 50c. a share, payable March 28. Waterbury Farrell Foundry & Machine Co.—Dividend of 20c. a share on the $25 par, common stock, payable April 1. A dividend of 50c. was paid on Dec. 29 last and a regular quarterly of 37Hc. on Oct. 1 last. Western Electric Co., Inc.—Dividend of 25c. a share on the no par capital stock payable March 31. This compares with 90c. paid on Dec. 28 last; 75c. paid on Sept. 30 and on June 30 1937. Western Pipe & Steel Co.—Dividend of 25c. a share on the common stock par $10 payable April 15. An extra dividend of 50c. and a quarterly of like amount was paid on Dec. 30 last. West Point Mfg. Co.—Dividend of 20c. a share on the new $20 par common stock payable April 1. Dividends of 30c. were paid on Jan. 3 last, and ■ passed the dividend due on the stock, par $1, at this time. A quarterly of 20c. was paid on Dec. 28, last. White Rock Mineral Springs Co.—Dividend on the common stock common reduced from 35c. a share to 25c. a share, payable April 1. Wilson & Co., Inc.—Dividend on the $6 cumul. preferred stock reduced from $1.50 a share to 75c. a share, payable May 2. Company recently 'omitted its common dividend. March 2(5. This compares with a shalfe 9c. paid on on the capital stock, payable Dec. 22, last and 6c. on Sept. 24land June 22, last. COURSE OF THE STOCK MARKET DURING MARCH, 1938 , points, A combination of disappointment over the course of trade and month the stock The drop in the index of 50 New York "Times" amounted to fall that for sharpness had not been exceeded a by the bond market the index of 40 domestic bonds fell 8.30 largest decline points, 1932. While the stock index was at the lowest level since May, 1933, the bond; average reached a new low since April, 1933. An index of 10 foreign bonds declined 6.30 points in March, representing the but this suffered for which the of May, since drop was not representative of the acute weakness by Austrian, Polish and Czechoslovakian bonds, market almost ceased to a many war exist when the latest Europe appeared at the in scares mid- month. Stock turnover increased volume- of stock change in March shares in prices melted away, and the as transactions was February. the on New 22,995,770 shares Bond dealings as York Stock ary, which was Ex¬ against 14,526,094 the New York Stock on Exchange expanded from $127,593,000 par value in Febru¬ low since August, 1928, to $169,432,000. States Government issues increased to a new Trading in United $15,125,000 from $11,014,000 in February. arc in which it swung from last October through February. During that five-montb stretch the market had found a resistance point around 84-85 the level the in index, and that point was thrice proof against the bear market trend, once in Novem¬ ber, and again in December,, and finally in early February. The market hesitated when it reached that point on 18, fluctuated indecisively for four days, and then broke precipitately. already giving ground when was of unfavorable descended news upon the deluge it in the second week If business is to have its usual spring pick-up activity, the signs of improvement are usually manifest early in March. When the evidences of increased forward in buying and greater production of materials and equipment appear, the market proved incapable of extending failed to its February rally. The price structure was not in ideal condition, therefore, to receive the news on March 8 of the failure of that Richard Whitney & Co., a Stock Exchange firm outstanding in prestige if not in volume of business was handled. The Street's the same decision the on petition of the railroads to increase freight might have The Commission authorized freight rate increases calculated for to yield more treatment generous Late an¬ of March; 11 the Austrian Chancellor, Kurt Schuscli* on nigg, announced that he 12 German retiring from his post; on March march into Austria, and on was began troops to March 13 ^Chancellor Hitler proclaimed Austria an integral of part the German accomplished in a Reich. The bloodless coup, placed world chancelleries and of added alarm. grave March was 17 so Poland by delivering in severe its an seizure but, world demands as to so, markets fuel ultimatum Austria of even the to to was the action in a state flames on Lithuania which appear to preclude Lithuanian acceptance. The Government at Kaunas, as did that at Vienna less than a week earlier, yielded, however, to superior force. in the bear movements in kets. Capital tremendous enter npt These incidents led to prices of Central all fled volume, the drastic decline European bonds and touched off but security a of the from principal world security mar¬ Europe to the United States in on reaching this country it did • On the contrary, Euro¬ markets. joined with Americans in unloading stocks and bonds New York markets, while diplomatic tension in Europe was near breaking point. peans in the At home, on domestic account, the markets' ^roubles were aggravated not alone by the growing signs that the spring rise in business would fall far short of expectations, but also and by the deterioration in the position of the railroads by the activities of the Administration. In the latter part of the month the fight in the Senate Federal Government anxieties which the over The downward revenue market's outlook. the experi¬ more The Street had hoped the carriers' application by the ICC, but the depths of its disappointment were not fully revealed until a welter of other news darkened the mainly by the heaviness issues, $175,000,000 around the basis of 1936 traffic. on down railroad unex¬ was rates did not get the attention which it otherwise enced of the over great, and the announcement day of the Interstate Commerce Commission's The threats which it sharpest drop since May, 1932. apprehensiveness pected Whitney failure industry in this country and of repeated shocks from abroad served in March to bring on the steepest drop in stock prices since September, 1931. Bond prices, pulled of close 33.94-point decline in September, 1931. The March decline compared with a rise of 6.19 points in February and a 0.27-point rise in January of this year. The low for the average of 69.70 on March 31 compared with a high for the Roosevelt recovery of 144.44 on Nov. 10, 1936. In the Oct. 1. last. Weyenberg Shoe Mfg. Co.—Directors Yukon Gold Co.—Dividend of 4c. the at since the nually Dec. 24. last. United States Graphite Co.—No action taken on the this time. A regular quarterly of 50c. a share was paid on 21.66 compiled received. United States Foil Co.—No action taken on and The March slump in the had been in progress that worst were those of March 31. stocks on the payment of a on The company Dec. 24. paid rallies. 27 trading ses¬ of the month. on Union Investment Co.—No action 1937, March, since recession a A dividend of a share to 10c. climaxed The market action share was paid on March 31. Dividends of March 31, June 30 and on Sept. 30. Torrington Co.—Dividend share to 20c. no Mining Co.—Dividend reduced from 25c. important the March Dec. 23, last. on of prices on the average had been cut in half in the year. The March 1 prices were the best of the month, and the Dec. 15, last. the no par common shares at this time. Time, Inc.—Dividend of $1 Tintic re¬ 2, Thompson Products, Inc.-—Directors took of a omitted the dividend ordinarily the $3 cumulative preference stock. A regular quar¬ share a on any In March the stock market broke out of the (S.) Strook & Co., Inc.—No action, taken .on by nine in material check to the retreat. markets paid on Dec. 31, last. were recorded were sions, but these rises were not hearty enough to interpose any Schenley Distillers Corp.—Dividend prices was unrelieved slope of Net advances stituted fight to despair in the reorganization bill was American over was the Byrnes hotly waged. widely believed that the bill con¬ system of government aroused were second only to those raised during the court packing bill a year earlier. The business and market circles over the prospect April, 1938] MONTHLY 17 REVIEW for realistic treatment of recovery problems in only was Washington speech at March 23, in which he laid the depressed heightened Gainesville, Ga., 011 by President Roosevelt's state of industry to "selfishness 011 the part of a few." It became speedily apparent that the freight rate increase Opening Railroad and Industrial Bonds Allegheny Corp coll trust 5s. 1944 Amer & Foreign Power 5s...2030 Atch Top & S Fe gen 4s 1995 granted the railroads by the ICC 'would not repair the damage done to their earnings by high costs and low level Baltimore<& Ohio 1st Convertible.4%s of traffic, Brooklyn Union Elev 5s Chesapeake & Ohio 4%s and three members 011 March 17 President Roosevelt appointed ICC of the recommendations pare special commission to pre¬ immediate legislation by Con¬ as for a Railroad stocks, already at deflated levels, lost onethird of their market value in March and sold down to the gress. lowest average levels since August, 1932. The one positive contribution by the Administration toward solution of the depression's problem—and its appeared to be lim¬ ited^—was; the introduction in the Senate on March 25 of a bill expanding struction liberalizing and Finance utility Corporation the the Recon¬ to make loans to industry. of power As to the fluctuations in individual stocks, United States Steel was at its highest March 1 at 56 and at its lowest March 31 at Steel, at 38, with the close preferred, its lowest 95%. on the latter day at 39%. at its highest March 1 at 108% was and March 31 at 124, with the close on the latter day at 125. Westinghouse Elec. & Mfg. fell from 98% March 1 to 61% March 31, with the close on the latter day at 63%. Con¬ solidated Edison Co. of N. Y. dropped from 22% March 1 to 17 March 31, with the close March 31 at 17%. In the March 31 1 19% and at its 9%, with the close March 31 at 9%. at at lowest Balti¬ & Ohio moved down from 9% March 1 to 4 March 31, with the close on the latter day at 4%. Chesapeake & Ohio more fell from 37% March 31 March 1 at March 2 to 23% 23%. March 26, with the close Southern Railway was at its highest 12% and at its lowest March 30 at 5%, with the close March 31 at 5%. at Bonds of all classes under pressure in were March. Cor¬ issues sought lower levels in virtually every trad¬ ing session—according to the bond index of the New York porate "Times," bonds declined on 62% Mar. 1 11% Mar. 29 23% Mar. 31 26 Mar. 1 12 44 Mar. 1 23% 67 Mar. 26 75% Mar. Mar. 110% Mar. 31 120 2 1950 most The weakness in bonds was pronounced in the railroad issues, with the average price of second-grade rail bonds falling to the lowest levels since 1932. Less high-grade bonds of all classes have shed one-third of their market value since First Government Bonds Range for March, 1938 1947-1952 1943-1945 .1944-1954 1946-1956 1943-1947 1951-1955 1946-1948 1940-1943 1941-1943 1946-1949 1949-1952 1941 1944-1946 1955-1960 ...1946-1947 1948-1951 1951-1954 1956-1959 1949-1953 1945 Treasury 4%s. Treasury 3%s Treasury 4s Treasury 3%s Treasury 3%s Treasury 3s Treasury 3s Treasury 3%s._ Treasury 3%s Treasury 3 Ms Treasury 3 Ms Treasury 3 Ms Treasury 3 Ms. Treasury 2%sA Treasury 2%s.rTreasury 2Ms.. Treasury 2Ms Treasury 2%s._. Treasury 2Ms Treasury 2 Ms Treasury 2 Ms Last 117.25 108.8 Highest 116.10 Mar. Mar. 117 ,27 Mar. 31 116.20) 107.17 Mar. 108 ,19 Mar. 111.31 Mar. 113 .14 Mar. 112.1 110.8 Mar. 111 ,27 Mar. 110.20 108.1 Mar. 108 .30 Mar. 108.9 i 108.28 105 107.17 64% 44% Mar. 30 64% Mar. 2 Lehigh Valley (Pa) 30 17 Mar. 29 30% Mar. 3 227 10 Mar. 31 23% Mar. 2 10 81 65 Mar. 31 81 Mar. 1 65 47 27% Mar. 29 48% Mar. 1 28% 15% Mar. 31 22 Mar. 1 15% 10 Mo Kan Tex cum 1963 cons 5s. .2003 adj 5s.-_.1967 New York Central 3%s 1946 N Y C & St L 4%s series C..1978 N YNH&H 1st ref 4%s._-1967 10 92% Conv deb 3%s Warner Bros Pictures 6s ..1952 84 65% Mar. 31 84% Mar. 1 65% 1939 66 63% Mar. 29 68 Mar. 14 63% 88% 68% Mar. 31 89 Mar. 11 68% Western Maryland 1st 4s-..1952 VOLUME OF BUSINESS Month of March 1938 Stock sales—Number of shares Bond sales (par value)— $ State, municipal and foreign... United States Government Total bond sales.. 169,432,000 422,794,000 284,632,000 310,655,000 Stock sales—Number of shares. .. Bond sales (par value)— Railroad and miscellaneous Total bond sales OF BUSINESS Month of March ON THE CURB 1938 Stock sales—Number of shares Bond sales (par value)— Domestic 1937 1936 13,040,000 4,629,762 14,275,587 8 $ 28,661,000 934,000 Foreign Government 1131350000 861,457,000 EXCHANGE 88,629,000 1,621.000 985,000 652,000 1,044,000 1,705,000 1,237,000 30,247,000 50,493,000 77,756,000 91,235,000 11,523,051 47,913,631 54,765,737 9,780,017 Foreign corporate Total bond sales Jan. 1 to March 31— Stock sales—Number of shares Bond sales (par value)— Domestic ? 8 Foreign Government Foreign corporate. Total bonds sales 80,390,000 152,981,000 308,394,000 295,756,000 THE MONEY MARKET DURING MARCH, Outstanding features of the past month were * the resumption of gold imports from European centers and the sharp increase in excess member bank reserves to a level only slightly below the point exist¬ ing at the time of the enactment of the final increase in requirements. As of March 23, excess reserves $150,000,000 more than a month ago, and over twice the amount of the low point during the summer of 1937. While this increase was due in part to a considerable excess of government disburse¬ ments over tax collections, owing chiefly to the redemption total of a $1,560,000,000, about the middle of March of an important contributory or $400,000,000 of Treasury bills, the new policy of factor was the Treasury to again permit gold receipts up to $100,000,000 quarterly to enter into the credit basis of the country and, same reserves, reserve position. 102 102 .30 Mar. 102 102 .2 Mar. 100.30 101 .27 Mar. 100.17 100.10 99.20 Mar. 100 .14 Mar. 99.20 103.7 Mar. 103 .27 Mar. 103.7 101 Mar. 101 .23 Mar. 101 102.20 8 2%s series B 1939-1949 1942-1944 102.12 1 101.13 102.5 101.11 Mar. 31 102.7 1 101.11 9 Opening Mar. Range for March, 1938 Closing Price Price Mar. 1 Lowest Highest 93% 90 Mar. 106% 99 Mar. Mar. 100 Mar. Mar. 31 106% Mar. 28 83% Mar. 107% Mar. 82 1957 1949 1957 107% 1952 m% 97% Mar. 109)4 Mar. 50 Czechoslovak 8s 1WK Mar. 99 Mar. 94 102 Mar. 90 102% 31 102% Mar. 112% Mar. iIo~~ 98% Mar. 108% Mar. 100 34 27 % 74 23 Mar. 28% Mar. 10 74 Mar. 77% Mar. 92)4 57 Mar. 63 103 Norway 4s — 1963 Queensland (State) ext 7s—1941 102% 107% (City) external 6%s..l952 Vienna 6s 1952 97)4 97% Mar. 98% Mar. 102% Mar. Mar. 25% 25 74 57 ■ 103% Mar. 7 100 103 2 100% 103% Mar. 108% Mar. 10 60 Mar, 67% Mar. 1 34 Mar. 83 3 Mar. 60 sum England, $4,200,000 from India, $4,200,000 from Belgium, and $4,500,000 from Japan. After considering the usual acquisitions of newly-mined and scrap gold, and an additional accession through the release of $5,800,000 from foreign earmarked gold holdings, the net gain to the gold stock was limited to about $18,000,000, owing to sales of gold to foreign accounts, which resulted in a decline of $17,500,000 in the inactive gold fund. Gov¬ ernment financing consisted of $250,000,000 of bill issues and of additional bill sales aggregating $350,000,000 to re¬ place maturities of similar amount. The 3% Treasury notes falling due March 15 in the sum of $455,000,000 were almost came from exchanged by the issuance of 2%% Discount holdings of the 12 Reserve banks again declined from $10,148,000 Feb. 23 to $8,149,000 March 16, but subsequently increased to $12,010,000 in their entirety 10%-year bonds. March 30. Total Bills bought in the open market remained prac¬ unchanged, tically at the negligible figure member bank reserves increased from of $550,000. $7,240,498,000 $7,311,529,000 March 30. Money rates continued previous low levels, reflecting the abundance of available funds in the face of small commercial borrowings, at 38% Mar. 10 Gold im¬ of which Feb. 23 to 78 30)4 Mar. German (Rep) 7s 103.15 while at time furnishing gold for export out of the inactive 102.28 Mar. 1938 market during the money $11,400,000 100.17 Mar. 8 8 76,488,000 144,378,000 299,100,000 296,793,000 2,026,000 5,726,000 4,020,000 5,892,000 1,876,000 4,583,000 3,465,000 3,237,000 101.30 100.29 Mar. $ 8 74,814,000 1,039,000 >104 102 1935 3,184,671 48,410,000 104 .31 Mar. 103.15 Mar. 31 104.14 Mar. 101.13 Mar. 31 102.14 Mar. 462,935,000 1050940000 VOLUME 103.29 Mar. 104.9 Rome 61,673,795 159,265,706 179.102,685 49,663,714 8 $ 8 $ 351.392,000 763,453,000 933,889,000 501,496,000 69,051,000 117,069,000 100,724,000 103,795,000 42,492,000 170,418,000 96,737,000 256,166,000 104.25 101.27 8 Jan. 1 to March 31— ports during the month totaled $24,500,000, 1944-1952 1957 8 gold fund without affecting the 3s series A New South Wales (State) 5s. $ 126,037,000 266,728,000 212.081,000 163,546,000 28,270,000 30,933,000 30,789,000 33,898,000 15,125,000 125,133,000 41,762,000 113,211,000 107.10 Home Owners' Loan— 5%S 15,850,057 107.8 103.9 1965 1954 1965 1935 51,016,540 102 .27 Mar. 103.24 - 1936 50,346,280 108 .15 Mar. 7 stamped 1937 22,995,770 Railroad and miscellaneous EXCHANGE 107 .34 Mar. 1 German ON THE STOCK Mar. 9 Japanese Govt 6%s. 68% 101.27 Mar. Mar. -—1951 -.1941 stamped—1949 (Govt) Internat 5%s 3 Mar. 30 107.10 Mar. 102.20 Mar. 18 103.9 French 7%s stamped 89% Mar. 89 102.25 103.8 Canada (Dominion) 5s 76% 67 Pennsylvania RR deb 4%s..l970 1*0*8*9* 1942-1947 (City) 5s 5% 2 the Mar. 31 104.10 Mar. 103.24 Mar. 31 104.19 Mar. Brisbane 1 therefore, to effect the growth of bank 107.8 18% Mar. 105.26 Mar. 44% 92% Mar. 106.2 106 .24 Mar. 103.9 Belgium (Kingdom) 6%s 5% Mar. 31 Mar. 76% Mar. 31 . 107 .4 105.21 Mar. 104.10 Mar. 19 104.26 Mar. Austrian (Govt) 7s 22 Northern Pacific 4s.; Mar. 106.22 104.17 Argentine external 4%s..—1971 Australia 5s of 1925—....-1955 29% 1 105.9 104.10 Foreign Bonds 71 1 87 107.2 104.25 2Ms series G.. 2 41% Mar. Mar. 28 107 .14 Mar. 106.2 1942-1947 2Ms 88% Mar. Mar. 31 Mar. 107 1944-1949 - Mar. 31 105.26 1944-1964 3Ms . 106 .11 Mar. 1948 3s 10 106 .11 Mar. Federal Farm Mortgage— 3s. 87% N Y Ont & Western ref 4s..-1992 1997 43% 105 .1 107 4 1 2 Mar. 107.13 • Mar. 9% Mar. 29 105.22 Mar. 104 - 15% Mar. 66 43% Mar. 31 15% 105.9 Mar. 1 5% Mar. «. 7% Kan City Sou ref & impt 5s. .1950 ser 66. 103.28 Mar. 106*8" - 111 81 reached Sale Lowest 3% Mar. 30 1 1 Mar. 71 reserve Sale Mar. 1 V5% 12 29 now January, 1937. 7% Mar. 30 86% ernment issues cline from March 22 onward. . 12. - 41, Gov¬ promptly sold off after the Austrian crisis developed, rallied slightly, and then went into a fresh de¬ < 119% - A & B.1947 23 out of 27 trading days—and government bonds were not overlooked by the sellers. 100 39% Mar. 30 Q 5s Union Pacific dropped from 80% March 2 to 55% March 31, with the close 011 the latter day the same. Southern Pacific March 39 1 62% State, municipal and foreign highest 2 Mar. 25% United States Government its 4 Mar. 110 Internat Paper 5s March at 45 70% Mar. 57 Mar. 31 100 43% railroad list, New York Central was at its highest March 1 was Mar. 31 38% Mar. 30 70% 55% 110 1960 at 18% and at its lowest March 30 at 10, with the close 31 at 10%. Delaware & Hudson fell from 16% March 1 to 7% March 29, with the close March 31 at 7%. 45 Mar. 31 Highest C C C & St L 4%s series E..1977 Erie ref & impt 5s of 1927.-.1967 Great Northern gen 4%s 1977 III Cent St L & N Tel. & Tel. dropped from 137% March 1 30, with the close March 31 at 111%. General at its highest March 2 at 169% and at its lowest was Closing Price Lowest A-C.1967 gold 4s_1948 ser 1992 Chic Milw St P & Pac 5s A.. 1975 Chic & N W 4%s series A...1949 March 29 at 95, with the close March 31 at Electric moved down from 41% March 1 to 27% March 31, with the close on the latter day at 27%. Allied Chemical & Dye Bost & Maine 1st 5s American to 111 March Range for March, 1938 Price Mar. 1 the unsettlement in the security markets, government securities as well as on high-grade private issues showed a tendency to increase somewhat. Average yields on three- to five-year Treasury notes re¬ mained unchanged at 1.04%, while those on longer-term Treasury bonds stiffened from 2.43% to 2.51%. Ninety-onealthough, due to the yields on MONTHLY EEVIEW 18 0.067% day Treasury bills were sold at average rate of from to 0.087%,; Oall loans remained at the previous level of 1%. CALL LOAN RATES ON THE NEW YORK STOCK EXCHANGE of domestic warehouse credits dropped $5,000,000. As compared with a year ago, total bills outstanding showed a decrease of $94,000,000, the and bills arising out additional an accounted for by a fall of largest portion Low ' Low Renewal High Renewal High 1 1 Mar. 1 1 Mar. 17.. 1 Mar. 2 1 1 1 Mar. 18.. 1 Mar. 3 1 1 1 Mar. 19.. Saturday 1 1 1 Mar. 20.. Sunday 1 1 ' Mar. 4 5 Mar. 1 ■i .i'. ; ■ ■ • Sarurday Mar. 21.. 1 <<" 1 Mar. 22.. 1 1 ■' 1 6... —. '■,' 1 Sunday ■ Mar. 1 ■" 7... J 1 1 Mar. 23.. 1 1 Mar. 8 1 1 1 Mar. 24.. 1 1 1 : 1 1 1 Mar. 25.. * 1 1 •• *. 1 1 1 Mar. 26.. 1 1 Mar. 27.. Mar. 9—. Mar. 10. Mar. 11.._ — • 1 Mar. 12... Mar. 13 » 245 180 Dags 150 Dags 120 Dags 90 Dags 60 Dags 30 Dags Bid & Ask Bid & Ask Accept'ces Bid & Ask Bid & AsA Bid & Ask Bid & Ask Secured bg Xa7!, ' —.— Xaht Xaht 1 ' 1 * ■ ' ;''- 1 1 ' 1 Mar. 29.. 1 1 Mar. 30.. 1 1 Mar. 1 1 '■■■ 1 ' Xa9!, 9i»aX 9!MX Xa9i« Xa9i« Xa71$ Xah, Xah, Xa7\, 9itaX Xa9i, Xa'i, VS / Saturday .j * 9i ,aX Xa7 u 1 1 1 Mar. 1 1 • 16.1. Time loan rates :>■ Xaht Xa9!, Xa7i, Xa7i, Xaht 1 Xah, on security collateral showed no change from the previous nominal quotations of 1*4% for 60- and Heavy liquida¬ tion in the security markets led to the repayment of older 90-day loans, and 1*4% for 180-day loans. loans, with few new accommodations being sought outside of the renewal of Xa7n Xa7 is Xa7!, 9i#a3^ Xa9!, 9 Xa7i, Xa7!, Xa7!, 9i,aX Xah, Xaht 10 31,. 8 Xa7 io Xa7a 9! laX Xah, Xaht 11 1 Mar. 15... Mar. 14... Xa7n Xa7n Saturday 9! ,aX Xa9i, Xaht o:;"!''1':." 'Z 12— 13 — •-!' Xa7n i'l* V. * 9!MX Xah, Xa716 9na^i Xah, Xah, Xa9i, Xa7i, 9i,aX Xa9!, Xa9i, Xa7 i, Xa7i, »i ,aX Xa9i, ^ga9l« Xa7 is 17— 18 Xa7!, Xa7 is Xa7n 16 Xa7it Xa7!, : 15 Xa7!, Xa7i» 14— Xa7!, Xa7\, 9i,aX Xa9i, Xa9i, Sunday 21 Xa7 u Xa7it Xa7!, 9imX Xah, Xaht 22„.. Xa71« Xa7n 9I« aX Xa9i, Xa'i, Xa71# Xa7 u Xa7n Xa7!, 9i ,aX Xah, Xa7 is Xa7i, Xa7i, 9!MX Xa9!, Xah, Xa7ii Xa7i, 9!MX Xa9i, £id9ie 23.... Rates 30 Dags Mar. on Mixed Collateral 4 Months 90 Dags 60 Dags 1- IX Mar. 2— IX IX Mar. 3— IX IX IX IX Mar. 4.. IX IX IX Mar. IX 6-_ .4 , Sun day IX Mar. 7- IX IX IX IX IX 8.. IX IX IX IX IX IX 10.. IX IX IX IX IX 11 IX IX IX IX Mar. 12— — . Xa7u Xa7i, Sunday Xa7u #I MX Xah, Xa71« Xa7!, 9naX Xa'i, Xa9it 30 Xa7i« Xa71« Xa7!, 9i«aX Xa9!, Xa9!, Xa7i, Xa7\, Xa7!, 9i taX Xa9!, Xa9!, ■ ... ' Mar. 13- Mar. 14.. ix IX Mar. 15- IX IX Mar. 16- IX IX ' v marked : IX IX IX IX IX IX selves by IX IX IX IX IX 17— IX IX Mar. 18.. IX IX Mar. 19— 2021 IX IX Mar. 22.. IX Mar. 23- IX IX IX Mar. 24.. IX Mar. 25— IX Mar. 26- 27— IX IX Sun day — IX IX felt itself >;K IX IX IX IX IX IX IX IX IX IX here IX IX IX March IX IX IX IX IX IX IX ; - IX 29.. IX IX IX IX ix Mar. 30- IX IX IX IX IX IX Mar. 31 IX IX IX IX IX IX "'V- IX offerings proved insufficient to Under date of March 11, the Federal available commercial total of $292,600,000 of open-market commercial paper outstanding on Feb. 28 compared with $299,300,000 at the end of January and $267,600,000 at the close of February, 1937. paper RATES dealers FOR MONEY showed AT a YORK NEW Week Ended Mar. 5 Mar. 12 Mar. 19 Max. 26 Apr. 2 1@1 mi 1@1 K&l mi 1 i 1 1 1 IX coll.).. Time loans (mixed & Indus, collateral): IX IX IX — IX IX IX IX ix IX ... IX IX IX IX IX IX IX IX IX ix IX IX IX IX IX IX IX IX IX Prime 4 to 6 months 1 1 1 vAv- 1 Good 4 to 6 months 1 1 1 l 1 Thirty days Sixty days Ninety days Four months Five months _ IX Commercial paper: Trading in bankers' acceptances remained inactive, with available offerings again falling far short of the existing demand. Total outstanding acceptances, to according to the until additions to thereby $96,611,000 level, and the Treasury was able reimburse itself for its outlay in buying newly-mined, raised to the to The deposits of certificates in February combined, owing to the fact that an inward movement of gold from Europe, India and Japan set in during March. With Europe *lh the throes of another war scare, the United States began to draw gold from London beginning March 15 imported gold. and scrap March were nearly as large as in January and September. additional reserves for the first time since the end of last the gold bought Treasury were the member banks' supply, and as the gold certificates were deposited the Treasury's deposit balance was rebuilt. During the month the Treasury's balance with the Reserve banks increased $137,196,000 to a immediately total of to added Some part of this increase was attrib¬ collections over the quarter date, $292,237,000. income utable to ran Double and single names: t? process by the Treasury from Jan. 1 to March 30 were cates which Six months 23 Feb. a gold stock exceed $100,000,000 in any quarter, the Treasury deposited $45,108,000 of gold certificates with the Federal Reserve banks. The deposits of gold certifi¬ As Week's avge. (mixed & Indus, part the monetary Call loans on Stock Exchange: Range for week (mixed & Indus, coll.). in the sterilization of suspension Reserve Bank of New York announced that returns received from 30—was suance Commercial paper met again with an active call by bank and place in the period from weeks five review—the under Secretary Morgenthau announced at mid-February. In pur¬ of the new sterilization policy, which calls for the ■ r satisfy the demand. the long-term to render" support to reflection of the deflation in bank credit, and hence in bank deposits, and in part the result of the change in the gold sterilization policy which IX IX IX 28— Mar. investors, under The rise in excess reserves which took IX Mar. — be to government issues. IX IX IX immediately preced¬ those of the weakness which developed in the gov¬ bond market and the compulsion which the System ernment Satur day Mar. Mar. was bcause ing IX Sun day Mar. For differed from month the Satur day Mar. ix March banks of earning assets and piling up of the Federal Reserve banks them¬ liquidation reserves. excess kl ix IX IX YORK CITY member Reserve Federal . RESERVE BANKS- LOANS IN NEW BROKERS' the For Sun day /: THE FEDERAL OF RETURNS IX IX •••', Satur day Xa9i, Saturday Xa7!, IX Mar. - *r 26 IX Mar. Xa7it~ —"""" _ IX IX IX IX ix 9.. -V 28 ' IX Mar. ' 31 IX Mar. ■.!*. 27 IX IX ' 29 IX IX IX Satur day /5l- Mar. / 5 Months IX IX IX IX IX IX 6 Months :*■ Saturday 20 OF TIME LOAN RATES ' Sunday 19 existing loans. DAILY RECORD ■ '■ Sunday 6 7 1 1 ■ 5 Xah, Xa7 ie Xa7!, Xa71# Xa7i, Xa7!, Xah, 2— 4 ■ Sunday 1 Call Loans March 3— Saturday Mar. 28.. Saturday Sunday —_ •. ACCEPTANCES BANKERS' PRIME 1 1 Mar. $62,000,000 in import bills." tax slightly ahead of the collections for March, 1937, the tax date and exceeded the Treasury's need for cash over of the increase to the shift of funds from other deposits to Treasury deposits. Other de¬ posits with the Reserve banks were reduced by $99,539,000 margin. Another part Treasury's deposit was ascribable considerable by a in the monthly survey of the Acceptance Analysis Unit of the Fed¬ eral Reserve Bank of New York, were $307,115,312 Feb. 28, in the five weeks to March 30. compared with $325,804,395 Jan. 31 and $401,107,760 Feb. 27, serve banks came from 1937. Import bills declined from $106,024,634 Jan. 31 to $96,239,816 Feb. 28; export bills from $82,194,997 to'$77,720,187; domestic warehouse credits from $67,123,043 to $61,848,117, while domestic shipment bills increased from $7,832,900 to $7,945,384 and bills based on goods stored in or shipped between foreign countries from $59,793,442 to $60,997,241. Rates for bankers' acceptances remained un¬ changed at %% bid and 7/16% asked for 30-day, 60-day and 90-day bills; at 9/16% bid and *4% asked for 120-day bills, and at %% bid and 9/16% asked for bills running 150 and. 180 days. The New York Federal Reserve Bank, in its "Monthly Review," discussed conditions in the mar¬ for bankers' acceptances "The discount market ket for as follows: bankers' bills continued ex¬ The upshot of the shifting about of deposits in the Re¬ was an increase of $71,031,000 in the actual reserves of member banks. The additions to banks' reserves and other the following Federal Non-member deposits $123,000,000: sources: Reserve accounts declined gold increased $10,000,000; Treasury currency $15,000,000, and Treasury cash declined $69,000,000, or a total of $217,000,000. The banks lost reserves by reason of the $137,196,000 increase in the Treasury's de¬ posits, the $4,000,000 decline in Federal Reserve credit in monetary rose use and total the the losses $5,000,000 increase in of currency circulation, or It is a noteworthy fact that $146,000,000. amounting to $150,000,000, the growth in actual re¬ serves. This showing evidences the fact that deposits of all member banks were considerably reduced, calling for a was expansion in excess more than reserves, as large as tremely quiet during March, and rates remained unchanged. decrease The amount of bills outstanding showed a further decrease As the stock and bond markets slumped severely, it was but natural that the long-term Treasury issues would be of approximately $19,000,000 during February, attributable in largest part to a $10,000,000 drop in import bills, which have steadily declined from $167,000,000 outstanding in May, 1937. to $96,000,000 in February, 1938. of export Outstandings bills also declined $4,000,000 further in February, affected. in twice required As reserves. the price of Treasury bonds began to turn downward, the Federal Reserve banks, in consonance with their latter-day policy of trying (Continued on to page stabilize 63) the market RANGE OF BOND PRICES DURING MARCH 1938 Bond Sales March Stock Sales 1938 ____________________ Jan. 1 to March 1937 $169,432,000 462,935,000 $422,794,000 1,050,940,000 1938 Shares March 1937 22,995,770 61,673,795 Jan. 1 to March 31 50,346,280 159,265,706 NOTICE—Cash and deferred delivery sales are disregarded in the month's range unless they are the only transactions of the month, and when selling outside of the regular monthly range are shown in a footnote in the month in which they occur. No account is taken of such sales in computing the range for the year. • ;.r i •••'; The tables on embrace every 19 to 40 furnish pages March, 1938, and the since Jan. 1. range security dealt in a complete record of the transactions They need the Exchange. on the New Fork Stock Exchange during they are self-explanatory. The tables on extended introduction, no as We give bonds first, using the classification adopted in 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 are at a price to which accrued interest must be added. The exceptions to the rule are income bonds and bonds on which interest is in default. This method of quoting bonds became effective Jan. 2,1909. Quotations after decimal point repre¬ sent one or more 32ds of Sales in > N. Y. STOCK PRICES IN MARCH Price Jan. 3 BONDS March Value point. a EXCHANGE Mat 1938 •5ft. Bid Ask 1 Ask Bid Bid Ask RANGE SINCE JAN. Lowest Highest Sale Prices Sale Prices Mar. 31 U S GOVERNMENT BONDS 430,000 Treasury 4Kb Oct 15 1947-1952 A 1,000 A Registered..................... 233,000 Treasury 3Ks.. Oct 15 1943-1945 A O 116.22 Bale 112.25 Sale 116.20 Sale 107.4 108.8 Sale 107.17 Sale 3,000 Registered....................... 357,000 Treasury 4s........-Dec 15 1944-1954 112" 112*11 1I3" 113.15 llll 113.9 Mar. 11679 110,29 iiui 111731 116:20 Sale" 110.8 Mar. 31 111.27 107.T8 Sale 108.28 Sale" 108:9" Sale" 108.1 l0i:4" Sale 105" Sale" 104*" Sale" 103.28 loiuo Sale 106 " 106" 9 105.9 Sale" 10679 Sale 106.8" Sale 107 Sale 107.13 Sale 107"" Sale" 106:2* Sale" 106 "22 Sale 105.26 Sale 2,000 Registered......... 290.000 Treasury 3Hs.......Mar 15 1944-1956 Registered....................... 43K066 Treasury 3Hs. ..June 15 1943-1947 Registered............... 729,000 Treasury 3s Sept 15 1951-1955 ........ 4,000 Registered........ j. 8 M D j m June 15 1946-1948 j 347,000 Treasury 3s j Registered.......... 517~66O treasury 1949-43 15 June Treasury 3 Ms d j d M Registered I Dec 15 19494952 j J ... 108.7 Mar. 11 111.31 Mar. 31 113.14 Mar. 9 112.17 Jan. Mar. 4 110.8 Mar. 31 111.27 Mar. 31 108.30 Mar. 7 167:18" Jan. Jan. Mar. 31 105.1 Mar. 103.28 Mar. 31 105.1 113.9 13 113.9 Mar. 7 Mar. 5 Mar. 9 Mar. 4 3 108:30" 108.12 Mar. Mar. 26 104.26 Mar. 104.9 Mar. 26 104.26 Mar. 105.9 Mar. 31 106.11 Mar. 105.6 Jan. Jan. I05.26 Sale" 105.22 Mar. 31 106.11 Mar. 9 107.2 107 Mar. 18 107.14 Mar. 9 107.5 Mar. 21 107.5 Mar. 21 106.2 Mar. 31 107.4 Mar. 105.21 Mar. 31 106.11 7 18 Jan. Mar, 104.9 3 9 19 105:28 Sale" 105:22 Mar. 31 Jan. 19 105.28 Sale Feb. 14 106.3 Jan. 12 106.30 Feb. 10 107.14 Mar. 166.13" 9 107.3 Feb. 107.5 Mar. 21 3 105.28 Jan. 107.4 Mar. 1 105.19 d 105:22 Bale" D 105.20 Sale A 107.4 Sale 107:12 107:25 107.8" Sale" 107:8"" Mar." 31 107:24 Mar."3 ........ f 3 a 107.3 Sale 108.9 107.10 Mar. 31 108.15 Mar. 107.30 Mar. 28 107.30 Mar. 28 106.30 101.27 Mar. 31 102.27 Mar. 101.25 102.10 Mar. 12 102.15 Mar. 22 101.24 103.29 Mar. 31 104.31 Mar. 103.25 S 101.30 Sale Sale 107.10 Sale 162.25 Sale" 161,30 Sale 101.24 Sale ' Sept 15 1945-1947 MS 103.26 Sale 104:25 Sale" 104"" Sale" 102:1 102:28 Sale" 102"" Sale" 102 100.30 Sale "Sept'lT19484951 MS 1,066",000 Treasury 2 Ma. .June 151951-1954 d 650*000 Registered.. Treasury 2H*. ."Sept'lS 1956-1959 m"s 106:30 Sale" 10i.2"7 Sale"" 166:17 Sale"" ."Dec" 15" 1949-1953 j"d 96:23 Sale" iooho Sale" 162:17 Sale" 103:23 104:2 Sale" 160:24 Mar." 7 Jan. 106.24 105.20 106.30 Sale ..Mar 15 1955 1960 M Jan. 107.4 Jan. 3 105.20 3 107.24 107 Jan.* 108.15 Jan. 108.2 Jan. 102.27 Mar. Jan. 102.15 Feb. Jan. 104.31 Mar. 4 102.80 Mar. 1 Jan. 3 Mar. 3 Mar. 1 Feb. 102"" Mar.31 102.30 Mar. 7 101.30 Jan. 100.29 Mar.31 102.2 Mar. 1 100.29 Mar.31 102.2 Mar. 100.17 Mar. 31 101.27 Mar. 1 100.17 Mar. 31 101.27 Mar. 101.6 Mar. 21 101.6 Mar. 21 Mar. 31 100.14 Mar. 100.2 893400 Treasury 2H$. 4 D Apr 15 19444944 A O , Feb. 5 F ............ .... Registered 5,000 717,000 Treasury 2Ms. Registered.. 107.14 Mar. Aug 1 1941 Registered........ 469400 Treasury 3JiS......... Registered 280,000 Treasury 3 %b. Registered.. 2,000 1,665,000 Treasury 2Hs. Mar. 11 107.15 8 June 15 1946-1949 J D Treasury 3Ms Mar. 31 113.14 117.15 108.19 Mar. 14 Jan. D 8 ..........—........ Mar. 31 108.7 111.31 Mar. Feb. 107.2 7 d Mar 15 1941-1943 m Registered.. 1,000 675,000 Treasury i%* 287",000 8 J 3H Registered... ~7~4~66O Mar. Mar. 31 117.27 4 d M S : Mar. 14 Mar. 31 108.19 Sale Prices 116.10 117.7 Mar. 8 J Mar. 14 117.15 107.17 107.16 Sale" d m Mar. 31 117.27 Highest Sale Prices 116.10 117.15 Sale D d 1 Lowest Mar. 25 100.9 Mar. 5 99.27 103.7 Mar. 31 103.27 Mar. 9 102.14 Jan. Mar.31 101.23 Mar. 22 161"** Mar. 31 101.23 Mar. 19 104.26 Mar. 103.28 Jan. 7 28 1 23 5 Mar." 7 Registered.. Registered.. 1,000 1,601,000 Treasury 2Ms. Registered.. 7,000 427,000 Treasury 2H*. Registered.. 445",000 Dec " 15 1945 J D J 1" Sept Sale 99.20 Sale 99.20 4 101.6 99.18 1 1 Mar. 21 101.6 Mar. 21 Jan. Mar. 4 Mar. 5 Mar. 9 4 100.14 Jan. 10 100.9 D " Treasury 2%8. 100.31 Sale 15~ 1948 Sale" 10i" M S 103.7" Sale" 161 4 103.27 Mar. 22 Registered.. Federal 292,000 Farm Mortgage 3ji8 Corp— Mar 15 19444964 Registered..... 184*655 3s 155400 1,000 47,000 3s .... M S 103.10 104 104.25 Sale 103.28 104.16 104.10 loss's Sale" loiho Sale" 103:9" Sale" J*~j 103730 Sale" 104:i7 Sale" i63.24 Sale 103:8" Sale" 162:20 Sale" 103.25 Sale 104.9 Sale 103.15 Sale 161725 Sale" 162:12 Bale" 101J3 t02:5" Sale" 10l7ll Sale"" Sale Sale Sale 8 100 % 9 28 104.30 Jan. 19 .... May 15 1944-1949 MN l0§:9" Mar.31 loijO Mar"! 163:6" Mar. 31 i04:i2" Jan:*18 Registered Jan 15 1942-1947 Registered... Mar 1 19424 947 m s l03:24" Mar.31 104.19 104.16 ................. 2Mb Mar. 102.20 Mar. 18 103.9 103.15 Mar.31 104.14 101.13 Mar. 31 102.14 8104.16 Mar. 9 103.22 Mar. 8 104.16 Mar. Mar. 7 102.18 Jan. 27 103.17 Jan. 19 Mar. 8 103.15 Mar.31 104.15 Jan. 19 Mar. 1 I6i:13" Mar.~§i i65:i4 "jan"~ 19 Jan. 27104.26 8 104.16 Jan. Mar. 19 8 Home Owners Mtge Corp— 412,000 3s Series 596*,000 2M» Series B Registered... A .May 1 1944-1952 M N Registered............. Aug 1 1939-1949 FA .... 1,000 475,000 .j... July 1 1942-1944 2%» aeries G FOREIGN GOVT. & \gtii tin ura' Mt^e j""j 16176" side" A ........1948 A O ♦C.td sink fund 6s 14,000 •Ctd sink fund 101.29 6a Akersbus (Dept) extl is... 1963 MN 112,000 J 1945 J 66,000 ^[Arktinuuis (Dept of) Col 7s A •External s f 7s ser B 1945 j 95,000 •External s f 7s sar C 1945 J 23,000 •External a f7« sea D._ 1945 J 144,000 •7* i«t series.................1957 O 111,000 ♦7s 2d aeries..................1957 O 56,000 •7t 3d series.......... o ....1957 66,000 D 118,000 Antwerp (City) extl loan Be......1958 \igeiitin« Nation (Govt of)— 13 25tf 13 22 5H sinking fund eiternal *>' 4M» cirernal con* loon 4s. ' f extl con* iur lootuuteu bee page 3d. loan . 1971 MN Feb 1972 f A 4s...Apr 1972 A O 5 6 5 22 6. 6% 6 6 Sale 6% Sale 6% Sale 6H 11% 6% Sale 5 % Sale 5 % Sale Sale 5 I 98 96 H Sale 88 m Sale 88 H Sale 23 23 22 100H 101% . S Mar. 25 101.29 Mar. 25 101.29 Mar. 25 101.29 Mar. 25 101.11 Mar. 31 102.7 Mar. 101.6 Jan. Feb. 25 1 3 102.8 MUNICIPALS Bank (Colombia»— ........1947 F 37,000 402,000 421,000 247,000 Sale" Mar. Mar. 24 22% Mar. Mar. 14 99H Mar. Mar. Mar. Mar. 6 Jan. Mar. Mar. Jan. 6 6 Jan. 'i 6 . 16% Jan. 17% Jan. 99% Mar. Mar. Mar. 6 6 Mar. Mar. 6 5% Mar. Mar. Mar. Mar. 5 5% Mar. Mar. 23% Mar. 24 22% Mar. 14 Jan. 102 7 H Jan. 7% Feb. 5% Mar. 6 5 98 95 Sale 90 Sale 90 Mar. 31 84 Sale Sale 79 % 79 Sale 79% Mar. 31 Sale 79 Mar. 31 94 84 84 Mar. Mar. Mar. Mar. 1% 7 Mar. 5% Mar. 95 * Mar. Mar. Mar. 93 % 84 7 2? 10 26 Feb. 26 Feb. 26 Mar. 4 7% Mar. 8 Feb. 26 7 10OH Feb. 25 3 89% Feb. 96% Jan. a 1 79% Mar. 31 88 % dan 1 79 88% Jan. 3 3 17 Mar. 31 N. Y. STOCK Sales in Price BONDS March 1938 Foreign Government (Con July 15 1955 634,000 Australia 5s of 1925 External loan 5s of 1927....—1957 410,000 , 1481.000 1928........1956 s —...1957 ♦Bavaria (FreeState) e*tl6%s—1945 Belgium 25 year external 4HI—W9 External s f 4s ....--1955 External s f 7s ....—1955 Bergen (Norway) extl 5s.....—1960 of f 7s External g 310,000 Austrian Govt I ' 28,000 381,000 220,000 138,000 54,000 8,000 ♦Berlin (Germany) s f *%• --1950 ♦External sinking fund 6s.....1958 25,000 196,000 ♦Brasil (U 8 of) external 8s.....1941 ♦Ext • f g *%• of 1926 1957 241,000 ♦Extl • f 6%a of 1927 187,000 1957 ♦Cent Ry 30-year g 7a ,■(,89.000 --1952 73,000 Brisbane (City) s f 5s... 1957 Sinking fund gold 5s ...——1958 68,000 22,000 20-year • f 6s............——1950 ♦Buenos Airs "~2~, 000 4,000 290,000 158,000 61,000 76,000 8,000 133,000 46,000 324,000 Bid j 105 M N 100% Sale J J 103 Sale F A 22 20% 106% Sale 104% Sale j D 114% Sale M S 99% 100% a o 18 23% j D 20% Sale j D 21% Sale a o 19% Sale A O 18% Sale j D 19 18% M 8 99% Sale F A 99% 99% j D 102% Sale f ♦Secured s 1975 zl 7%«——1968 loan Gold J D 22% 4s————I960 279,000 30-year gold 5s....... 265,000 10-year 2%s Aug 15 1945 "312,000 25-year 3%« 1961 201,000 7-year 2 %s JJJJ 503,000 30-year 3s — J967 15,000 ♦Carlsbad (City) s f 8s -—1954 6,000 ♦Cent Agrlc Bank (Ger) 7s --1950 ♦ Farm Loan s f 6s 30,000 —??— ♦Farm loan s f 6s ——.—.I960 51,000 ♦Farm loan 6s series A 1938 55,000 ■ >■ 76.000 •Chile Republic exts f g 7s 1942 ♦External sinking fund g 6s ..I960 182,000 ♦External s f gold 6s...—Feb 1961 114,000 172,000 ♦Ry ref extl s f g 6s— Jen 1961 ♦Extl s f 6s lnt ctfs Sept 1961 75,000 ♦Extl sinking fund 6s— .1962 64,000 ♦External sinking fund 6s .1963 68,000 58,000 ♦Chile Mtge Bank of gu s f 6 Hi* -1957 ♦Guar s f gold 6%• ...1961 48,000 ♦Guaranteed s f gold 6s -1961 65,000 ♦Guaranteed slnklngfund 6s—1962 19,000 1960 94,000 ♦Chilean Munlc Loan 7s ♦Chinese Hukuang Ry 5s 1951 7,000 ♦Cologne (Germany) s ft%« —1950 Colombia (Republic of)— ♦6s of 1928 Oct 1961 254,000 ♦Extl s f g 6s Jan 1961 167,000 5,000 ♦Colombia Mtge Bank 6^s_——1947 ♦Sinking fund 7s of 1926 1946 24,000 6,000 ♦Sinking fund 7s of 1927—1947 436,000 Copenhagen external 6s 1952 Gold 4%* 472,000 1953 ♦Cordoba (City) 7a—— .-1957 ♦7s stamped 27,000 Cordoba (Pro?) 19% Sale Sale 100 Sale 100 Sale 107% Mar. 17 113% Mar. 11 100% Mar. 25 101 % Mar. 9 20 Mar. 29 22% Mar. 9 ——————1957 Argen 7s 1942 7s —1951 ..—1944 13,000 Cuba (Rep of) 5s of 1904 5s ext debt Ser A of 1914——1949 21,000 4 external loan —.1949 5,000 26,000 ♦Costa Rica (Rep of) Sale 95% Sale 102 102% 98 Sale 98 96% Sale F A J O M N F 65% Sale Sale 49 Sale A Sale Sale £8 M S 36 59 Sale j j 26 -31% A O 26 A O 26 33 MN 31% 16% Sale A O 16% F A j j M S 16% 17% 16% Sale 16% 17% 16% 17% 16% Sale 15% 14% 14% 15% 14% 14% 12 10% j 20 M S M S MN j D j D A 0 M N D M O J J W* 8 A MN F A d M N F A F A j ... M 8 f MX 103 95 102% Sale 23.000 30-year s f 5%s *'53 j ♦Public Works 5He—June 30 1945 j 71% Sale 657,000 105 1951 a o 361,000 Czechoslovak (Rep of) extl 8s 104 Sink fd 8s ser B 1952 204,000 Sale 105 759,000 Denmark 20-yr external gold 6s .1942 101 101% External g 5He 1955 426,000 99% Sale External g 4%«_— — 1962 646,000 Deutsche Bank Am part ctfs 4a 1932 75 85 ♦♦Stamped extd to Sept 1 1935—. M S 5,000 M 8 50 66% 22,000 Dominican Republics f 5He——1942 50 65 1st ser 5 He of 1926 1940 A O 11,000 50 64 2d series sinking fund 5 He—1940 A O 13,000 M S 50 59 Customs Adm 5 He 2e ser——.1961 15,000 A O 50 58% 5%a 1st series........—.—.1969 1,000 Mar. 3 Mar. 10 47 Sale Sale Sale it* .Mar. 31 52 Mar. 10 2 1 47 Mar. 4 Jan. 33 31% Mar. 32% Mar. 105% Mar. 109% Mar. 53 31% 57% Mar. 31 Mar. 14 7 Mar. 31 Jan. 57% Mar. 31 Feb. 9 29 30% 28 Sale §r 1 \* Sale 29% Mar. 14% Mar. 15 Mar. 15 Sale 15 15% 15% Sale 15 Sale 15 Sale Mar. Mar. Mar. 16 15% Mar. 16 15 12% Mar. 12% Mar. 12% Map. i8* 13 Sale 35 Mar. Mar. 11% Mar. 2 7 Mar. Mar. 101 Mar. llH 8 Mar. 2 Mar. 38 Mar. 9 Mar. 92* 38 Feb. Mar. 9 32 Mar. 3 Mar. 32 Mar. 3 32 Mar. 8 Mar. 32 Mar. 8 Mar. 26 Mar. 32% 18% 18% 18% 18% Mar. Mar. Mar. Mar. Sale 8 Mar. 98% Mar. 97% Mar. 92% Mar. 102% Mar. Sale 35 8 Feb. Mar. 11 Sale 40 3 113% Jan. 20 101% Mar. 8 102% Mar. 7 99 35 7 Jan. 34% Jan. 35% Jan. Mar. 94% Sale 43% 53 Mar. 8 12 8 Feb. 28 17 110 101% Mar. 12 Jan. Mar. Mar. 12% 12% 12% 12 12 109% Mar. 11 9 112% Mar. 98 m Jan. Jan. 85 16 Mar. 31 62% Mar. 66 Mar. 49 Mar. Mar. 31 Sale 101 32% 17% 17% 17% 17% 17% 17% 17% 15% 15% 28 15% 29 15% 28, 14 Feb. 14 8 97% Mar. 16 Mar. 26 Jan. 25 Jan. 25 Jan. 25 Jan. 25 25 Mar. 18% Jan. 18% Jan. 1 Mar. 18% Jan. 25 Mar. 11 Mar. 16 Feb. Mar. 2 Mar. 16 Jan. 17 25 Mar. 4 Mar. 16 Feb. Mar. 1 Mar. Mar. 1 Mar. Mar. 2 Mar. Mar. 1 Mar. Mar. 1 Mar. Mar. 1 Mar. Mar. 1 Mar. Mar. 1 Mar. it* 25 Jan. 15 7 Jan. 26 Jan. 24 30 23 23 10% 22% 22 100% Sale 92% 10 Mar. 15% Mar. 15% Mar. 22 23 Mar. 23% 23 % 101% 100% 22% Mar. 92% Mar. 92% Mar. ' ?Sale feale 82 21 Mar. 22% Mar. 24 96 Mar. 21 10 Sale 24 24% 22 Sale Mar. 23 20 10% Sale 101 1 2 Mar. 26 Mar. 24 Mar. 24 Mar. 7 Mar. 3 48% 83% 81 21% 18* 17% 103% 101% 103% 107% 103% 100% 101% 104"" 102% 102 68 76% Sale 85 94% 78 97% 78 105% Sale 101% 102% Sale 99% 101% Sale 97% 49% Mar. 18 82 Mar. 30 Sale zl02 104 Sale Sale 50 Sale Sale Sale Sale Mar. 56 , 23 23% 23% 101% 100% Jan. 1 82 Mar. 11 76% 98% 97% 105% 102% 101% 101% Mar. 98% Mar. 97% Mar. 17 Mar. 1 Mar. 9 Mar. 9 Mar. 1 Mar. 1 Mar. 1 90% Mar. 7 21 188 17% Jan. 16% Jan. Mar. 88 104 Mar. Mar. 10 17 Mar. Mar. 1 Mar. 10 103% Mar. 14 Mar. 17 105 Mar. 30 102 zl03%Mar. 101% Mar. 102% Mar. 67% Mar. 10 52% Mar. 20 17% Mar. 19% Jan. 92% Mar. 92% Mar 80 Jan 49% Mar. 82 "52% Sale Sale Feb. 99% 99% Sale 32 31% 32 30% 18 17% 17% Sale 17% Sale 17% Sale 17% Sale 17% Sale 17% Sale 16 15% 15% 15% 15% Sale 13% Sale 7 Mar. 15 23 14% Mar. 25 7 10 10 7 10 7 Sale 41% 38 Sale 23 Sale 103% F 61 88 Mar. 15 Jan. Jan. Jan. 11 57% Sale 100% 100% 96% Sale 15 86 Mar. 31 70% Jan. 70% Jan. 70% Jan. 72% Jan. 53 102 22% 22% 22% Sale Mar. 31 79% Jan. Sale 110 Sale Sale Sale 20 19% 19% 19% Mar. 29 102 Mar. 31 101% Mar. 31 102% 1 2 Mar. 31 53% Mar. 31 33 15 23% 99% Sale 97% 97% 52% 54 53% Sale j MN 36 14% Sale Mar. 31 1 Mar. Mar. 11 53% Mar. 31 52 32% 22 \2X 13 Mar. __ Mar. 14 Jan. 23 61 % 73 Sale "18*" Mar. 29 4 Feb. 9 Feb. 18 Feb. 78% Jan. Sale 111% 101% 31 Mar. 8 Mar. Jan. 13 Jan. 15 66% Mar. 22 72% Mar. 3 Sale 107% Sale "34"" 107% Mar. 17 115% Jan. 4 102% Jan. 27 23% Jan. 24 24 81 53% Sale 23 Mar. 16 66% Mar. 22 72% Mar. 3 62% Mar. 1 52 109 40 21% A O j Sale 65 31% 32% Mar. 16 108 66% Mar. 22 72% Mar. 3 60 Sale 108% Sale 112% Sale 100% Sale 100% 100% 99% Sale Mar. 31 8 5 1 2 18% Mar. 53 74% Sale 64 62% 62% 60 8 88 Sale Sale Sale Sale 4 105% Feb. 14% Mar. 25 71 69% 69% 69% 72% 11* M N A 70 60 53 J J 70 14% 88 85 80 MN 18 20% 70 J 29 20 31 183 31 183 31 18 29 102 31 101 Mar. 31 102% Sale Sale Sale 3 3 Mar. 14 24 Mar. 21 100% Sale 85 O Mar. Mar. 12% Mar. 10% Mar. 10% Mar. 10% Mar. 97% Mar. 95% Mar. 106 S 19 Sale 70 70 A Sale Mar. 16 107% Mar. 16 107% 9 3 106% Feb. Mar. 16 102% 107% 102% 112% Sale 111% 101"32101% 100% 21% 23 Sale Sale Prices Prices Mar. 18 106% Feb. Mar. 18 102 Feb. Sale 80 . 39"666 1 Highest Mar. 18 31 82 8 F 1 1 9 8 Sale M S M Mar. 18 106% Mar. 98% Mar. 18 106% Mar. 96% Mar. 18 101 % Mar. 28 Mar. 16 83 % Mar. Mar. 19% Mar. 31 23 Sale 98% M A f 7s ♦Stabilization J Sale Prices 99 Sale 102 107 3% external s f $ bonds..——1984 Bulgaria (Kingdom of)— Canada (Dom) 102% 21% 24 107% Sale .............—- 4%a-4%«— 4%-4% $ bonds Sale Sale Sale j Extl readjust s 106% "5% 101% Lowest Hifjhes» Sale Prices Ask Ask Bid M S ♦6%a stamped .———1961 Readjustment 4%-4%a 1977 Refunding s f 4%-4 %• 1976 Extl Sale 104 H 104 «(Prov)ref.ext'l s f6s 1961 ♦Stamped J Bid Lowest Mar. 31 Mar. 1 Ask M S 6s......----1962 24,000 ♦Budapest (City of) RANGE SINCE JAN. PRICES IN MARCH Jan. 3 exchange n. y. 8tock Value EXCHANGE-BONDS Mar. 1 Mar. Feb. 2 28 Mar. 24 Mar. 24 Mar. 7 Mar, 3 80 Jan. 24 20 Jan. 90 Jan. Jan. 17% Jan. 24 Jan. 31 17 102 Mar. 104 103% 96% 102% 67% 110% Feb. 15 50 Mar. Jan. Jan. Mar. Mar. 56 Mar 105 102 106 Feb. 23 Mar. 30 Feb. 4 78% Feb. 15 104 101% Mar. 98% Mar. 97% Mar. Jan. Jan. 24 25 106% Feb. 14 104 102 Feb. 2 Feb. 25 . ! 5He 2d series..a— ——1969 4,000 1945 15,000 ♦Dresden (City) extl a f 7e El Salvador (Rep) 1st s f 8s A—1948 ♦Certificates of deposit——... 14,000 70,000 Estonia (Republic) 7s....—...1967 112,000 Finland (Rep of) external 6s....1945 -1953 37,000 ♦Frankfort (City of) s f 6He 177,000 F,ench Republic 7%a etamped—1941 7He unstamped ——1941 20,000 External s f 7s stamped——1949 35,000 7s unstamped —1949 5,000 A O 50 59 MN J J j j M S M N j D j"d 86% 94 67 Sale 62 Sale 63 60 Sale 60 61 90 60 60 60 51 50 60 62% 50 60% 19 25 34% 99% 100 107 108 21% 102% Sale 92% 98 100 99% 102 24 90% Mar. Sale 26 60 Mar. 31 67 65 60 Mar. 15 62 Mar. Mar. 1 1 Sale 60 Mar. 11 63 Mar. 1 65 62% Mar. 14 Jan. Jan. Jan. Jan. Jan. 90% Mar. 7 67 Mar. 1 62 58% Jan. 62 Feb. 23 Jan. 24 Jan. 15 Jan. 20 51 Jan. 62 Feb. 24 83 57 60 60 55 64 60 61 Mar. 17 3 61 68 59 Mar. 23 60 f 20 20 Mar. 23 21% Mar. 3 19 Feb. 21% Mar. 3 Mar. 7 23 Feb. 30 5 95 Mar. 26 100% Mar. Mar. 104% Mar. 18 Mar. 22 20 Mar. 17 9 95 Mar. ,,62 li _ 23% 28 QR 100 7 Mar. 23% Mar. 16 106% 107% 105% Sale 19 22% 20' Sale 100 Sale 99 Mar. 30 107% Sale 90% 96* 96% Mar. 21 107'" 108* al04% Sale zl04% Mar.29 96 99% Mar. 17 24 Mar. 3 Mar. 10 l$LH 9 8 108% Mar. 11 101 Mar. 15 108% Mar. 100 9 Mar. 15 64 100% Mar. 9 108% Jan. 24 104% Mar. 19% Jan. 99 Mar. 22 Mar. Mar. 8 108% Mar. 11 96% Mar. 104% Mar. 99% Jan. 101 Mar. 15 108% Mar. 100% Feb. 9 1 German Gov't International— —1965 ♦5 He unstamped —1965 ♦5 H> stpd (Canadian holder)—1965 303",666 ♦German Republic 7s stamped—1949 ♦7s unstamped 1949 246,000 919,000 100,000 ♦35-year 5%s stamped German Prov & 15,000 Communal ♦7s part D 25% 21% AO 30% 20 A.1958 —1964 ♦S f secured 6s........———1968 13,000 ♦6s part paid...............1968 24,000 7,000 Haiti (Rep of) 6s series A........1952 1946 13,000 ♦Hamburg (State) 6s 2,000 ♦Heidelberg (City) extl a f 7He..1950 O MN 29% 29 FA 26 22 AO a o J 20 31% 32% 27 26 25% 29% 27% 27% 24% 73% o 1945 J J 1946 ♦Hungarian Land M.ge 7Hs A..1961 J ♦S f 7He series B ♦Hungary (Kingdom of) 7Hs M N F 19 J 6He-_„—1960 ..... — ... 26 87% J a ext ... 27% 22% 30 24 J paid—.————1964 68,000 Helsingfors (City) 25% 23 Sale 25% 25% 22% Sale Sale 32% Sale Mar. 30 28% Mar. 10 23 Mar. 22% Mar. 31 24 xvtar. 22% Jan. 28% Mar. 10 24% Feb. 23 34 27 Mar. 10 Mar. 4 30% Jan. 25% Mar. 34% Feb. 23 27% Feb. 25 27 Mar. 8 28 Mar. 9 27% Mar. 25% Mar. 9 5 24% 30% 26% 23% 19% Mar. Feb. Feb. Mar. Mar. Mar. 11 70 Feb. 22% Mar. 8 17% Mar. 1 105% Mar. 11 19 Jan. 104 12 18 ... 33% 23 35 30% Mar. 18 25% Mar. 30 25 27 24% Mar. 29% 20 31 29% 22% 18 20 26% Mar. 23% Mar. 19% Mar. 75% 80 76 35 Bks— ♦(Cons Agrlc Loan) 6He eer ♦Greek Govt secured 7s 11*666 M 105 22 19 ... Sale Sale 28 Sale ..... 5 Mar. 20 V 26 26 21% Mar. 17% Sale 17% 17% Mar. 104% 105% 104% 105 104 Mar. 76 29 Jan. 32% Feb. 30% Jan. 29 27 85 Jan. Jan. Jan. Mar 17% Jan. Feb. Mar. 105% Feb. Hungarian Cons Municipal Loan— 1,000 9,000 20,000 5,000 5,000 210,000 50,000 99,000 416,000 270,000 ♦Secured s ♦Secured s f g 7He f g 7s ♦Extended at 4H% to Irish Free State external 5s 1961 1944 1979 MN A f 6H> 1965 57% 59 Sale 75 62 1954 s 18% 19* 18 19% 19% 17 80 1952 Extl sinking fund 5 He 19 17 113 Italy (Kingdom) external s f 7s. 1951 Italian Cred Consortium 7s ser B 1947 Japanese Gov extl 18 il* 80 18 Mar. 18 4 18 Jan. 17 Mar. 17% Mar. 14 17 Mar. 18% Jan. 11 18 Jan. 18 25 42 Mar. Mar. 19 Jan. Jan. 28 18 '54* 116% 79% Sale 34 37% z42 36 115 Sale 72 Sale 74 Mar. 32% Mar. 116% Mar. 54 Mar. 1 32% Mar. 30 117% Mar. 30 62* 64% Sale 62% 42% 72 Mar. 80 73 Sale 73 Mar. Sale 56% Sale 56 Mar. Sale 73 67 Sale 74 Sale 74 Mar. 75% Mar. 11 6r2% Mar. i 78% Mar. 26 Sale 57 Sale 57 Mar. 63 37 40 37 Mar. 25 45% Mar. Mar. 31 43 77 M N 16 !iK 13% 34% 1960 Italian Public Utility s f g 7s 19 23% 17% Mar. 1 Mar. 10 59% Feb. 16 32% Mar. 30 116% Mar. 12 32% Mar. 114% Jan. 72 Mar. Jan. 19 56 Mar. 80% Jan. 65% Jan. 82 21 12 72 Jan. 81 71% Feb. Jan. 4 49% Jan. 64% Jan. 4 37 45% Mar. 1 67,000 ♦Jugoslavia (State Mtge Bk) 7s..l957 A O ♦Leipzig (City) external s f g 7s_1947 Lower Austria (Prov) 7He 1950 F A j d j d 178,000 ♦Medellin (Colombia) 6He 1954 60,000 ♦Mexican Irrlg Assenting s f 4He 1943 *Mexico(U S)external 5s of 1899£ 1945 . 122,000 15,000 1,000 ♦ Assenting 5s of 1899 1945 ♦Assenting 5s large............. ♦Assenting 5s small............. For footnotes, see page 30. MN Q ..... 22 104% 7% 3% 2% 6 5 J 25 94% ""7% 2% 3% 8 Sale 4% 4 "2% 2% 20 3% Sale 4 Sale 7 25 .... 20% Feb. Sale 6 1% 2% 2% Sale 3 2% Mar. 11 1% 1% 22 Feb. 7 25 74% 6 ..... Mar. 25 8% Mar. 2% Mar. 3 1 1% Mar. 29 2% Mar. 24 4% Mar. 1 4 Mar. 1 3 3 Mar. 24 Mar. 24 6 Mar. 31 2 Feb. 15 8% Mar. 3 2% Jan. 12 3% Jan. 25 1% Mar. 29 2% Feb. 8 4 Mar. 24 3 3 Feb. 4% Mar. 4 28 1 Mar. 1 Mar. 24 April, 1938] n. t. stock exchange-bonds Sales in bonds Value n. t. stock exchange 206",006 84,000 43,000 12,000 8,000 145,000 202,000 179,000 204,000 418,000 484,000 334,000 33,000 18,000 224,000 51,000 132,000 39,000 7,000 110,000 34,000 37,000 315,000 162,000 95,000 53,000 156,000 9,000 13,000 83.000 44,000 65,000 175,000 132,000 4,000 5,000 215,000 22,000 70,000 81,000 6,000 145,000 47,000 67,000 26,000 32,000 68,000 46,000 1825000 Bid 127,000 236,000 81,000 5,000 Ask Bid 1% 2% Sale 1954 Assenting 4s of 1904..... Lowest Highest Ask Sale Prices Sale Prices Sale Prices Sale Prices 2% 1 Mar. 29 2% Mar. 1 1 Mar. 29 3 Jan. 8 3 Sale 1 Mar. 29 3 Mar. 1 1 8 Sale 1 Mar. 30 1 4 1 4 2% Mar. 2% Mar. Mar. 29 Mar. 30 3% Jan. 2% Mar. 19 63% Mar. 1 Mar. 2 Assenting 4s of 1910 small... ♦♦Treas 4s of '13 assent (large) 1933 ♦♦Small 1% ♦Sec extl s f ♦Sec extl s f 1958 m 634s 634s 1959 m ......... New South Wales ext s External a f g 5s Norway 20-year ext 20-year external 9 55 55 101 External sink fund s 1957 g 5s f a f 6s.Aug 15 1943 f 6s. Aug 15 1944 1956 m 4%s._— - a Extl sinking fund 48 f 4)(s....... 1965 f extl loan a s o 1963 Municipal Bank ext s 9£ s d 1958 s Sale" 1959 mn ....... ♦Montevideo (City) 7s........... 1952 j ♦6s series a s 5% 64% Milan City (Italy) ext loan 6%s__ 1952 Mtnas Geraes (State of, Brazil)— 1970 f 5s Sale 10% 64% 101% 101% Sale 105?* Sale 106 % 104 % Oriental Development 6s External deb 5 hi Oslo (City) 434 a extl 1953 u v s 1958 mn Sale Sale 102% 103 102% Sale 10 2x 104% sink fund. 1955 a o Panama (Rep) external ♦Extl a f 5s ser a 5k« 1953 J d May 15 1963 m n ♦Stamped (assented).......1963 mn ♦Pernambuco (State of) 7s......1947 m s ♦Peru (Rep) Sec s f g 7s.. ......1959 m s ♦National loan ext a f 6a 1960 ♦National loan ext s f 6s 1961 ♦Poland (Rep of) g 6s ). 1940 ♦Stabllis loan 7s of *27. Oct 15 1947 ♦External s f 8s 1950 ♦Porto Alegre (City of) 8s.......1961 j d j 7%s ....196b j Prague (Greater City) 7Hs ...1952 mn ♦Prussia (Free State) ext sf 4%—w51 m s ♦Extl loan ♦s f gold 6a 1952 a o Queensland (State of) ext s f 7s—1941 a o 25-year extl s f 6s Feb 15 1947 f a ♦Rhlne-Maln-Danube deb7a ear a1950 m s ♦Rio de Janeiro (City of) 8s.....1946 a o ♦Extl sec 634 s. 1953 f a Rio Grande do Sul (State of)— ♦8s extl loan of 1921..........1946 a Sale 1968 j ♦7s Municipal loan 1967 j Rome (City) external 8 f 4kb "35% "40"" 9 10% 11% 15% 9% Sale 9% Sale 65% Sale © 80% Sale 59% Sale 10 11 1953 I J 20 61 6% 37% 100 9 11 81 6% Mar. 29 10% Feb; 26 7 11 61 Mar. 30 Mar. 30 Sale Mar. 18 103% Mar. 19 103% Mar. 18 106% Mar. 18 107% Mar. 18 106% Mar. Mar. 10 Mar. 2 38% 37% 97% 98% 103% Mar. 104 Sale Sale Sale ftE Mar. 31 9% 10% 98% 98 21 21% Sale 21% Sale 20% Sale 108 Sale 107% 112 24 36% 10% Sale Sale 69 1936 j 20 10% 8% 11% 9% 15 9% 9 9% 9 10% 67% Sale 27% Sale 20% 19 10 12 6 6 Sale j950 j 14% 60 Sale 27 Sale 10% 25 12% j 12 12 ♦6s extl Dollar loan 10% Sale 38% Sale ......1968 j j ♦sf g 634s Serbs Croats & Slovenes 1945 j Decl946 j (Kingdom)— d 23% 23% d Sale 32% Sale 59% Sale sec extl......... ...1962 MN .33.000 Tokyo City loan of 1912 External 23 101 a 55% 1952 M s 5s j 48% f 5%a guar 1961 A O 82,000 39,000 TTrondhjem (City) 1st ext g 5%s.l957 MN ♦Uruguay (Rep) external a f fa..1946 p a 19,000 ♦Ext s f 6s 1960 mn 87,000 ♦Exter a f 6s 1964 MN 24,000 3%-4-4% % extl read] 1979 MN 189,000 4-4%-4%s extl read) ...1978 f a 37,000 j 334s External readjustment... 1984 j a Venetian Prov Mtg Bank 7s.....1952 a Vienna (City of) 6s o 1952 MN ♦Warsaw (City) external 7s Yokohama (City) extl a ...1958 F f 6s......1961 i Feb. Sale 46% Mar. 4 4 41 Mar. 4 9 Mar. 1 10% Mar. 4 11 Mar. 2 11 Mar. Mar. Mar. Mar. Mar. 18 9% 11% 11% 11% 67% 82% Jan. Jan. Jan. Jan. Jan. Jan. 10 8 8 19 6 Mar. 18 62 Jan. 6 Mar. 25 20 11% 10% 98% 22% Jan. 10 Jan. 7 Feb. 14 Mar. 10 27 23 Mar. 42 7% Mar. 25 5% Mar. 31 9% Mar. 4 81 9 Mar. 10 1 65 19 23 Mar. 9 102% Mar. 18 108% Mar. 10 103% Mar. 19 109% Mar. 3 27 Mar. 5 31 Mar. 15 19 Mar. " Mar. Jan. Jan. 102% Mar. 18 108% Jan. 103% Mar. 19 109% Jan. 25 52 101 50 Sale 9 21 19 7 31 Mar. 15 12 Jan. 2 5% Mar. 30 10% Jan. Mar. 2 7% Mar. 28 13 9% Mar. 9% Mar. 8 6 8 5% Mar. 31 10% Jan. 10% Jan. 10% Jan. 8 11 11 10 7% Mar. 28 13 Mar. 17 9% Mar. 9 Mar. 11 Mar. 26 Mar. 2 1 8 60 Mar. 18 Mar. 18 73 Jan. Mar. 11 27 Mar. 11 38 Jan. 19 5 11% Jan. 10% Jan. 7 11 67% Mar. 29 Jan. 9% Mar. 21 5% Mar. 31 9% Mar. 21 9% Mar. 10 8% Feb. 16 5% Mar. 31 14% ... 8% Sale 6 10% 5% 8 14% Mar. 29 7% Mar. 30 15% Mar. 16 8% Mar. 28 13% Feb. 10 7% Mar. 30 26 20% Sale 9 9 Mar. 30 Mar. 19 12 13% Jan. 10 13 Jan. 11% Jan. 24% Mar. 30 47% Jan. 7 4 4 1 9 2 9 24% Mar. 30 38% Mar. 1 Mar. 22 26 Mar. 4 24 Mar. 18 Mar. 18 33% Mar. 33% Mar. 59% Mar. 8 20% Mar. 20% Mar. 41% Mar. 11 23 Sale Sale Sale Mar. 17 Mar. 22 28 Mar. 18 Mar. 23 Mar. 29 42% 50% 53% Sale 100 100% 104% Mar. 31 Sale 2 1 Mar. 22 Mar. 9 60 Mar. 11 50 Mar. 60% Mar. 10 Mar. 16 101 Mar. 2 16% Feb. 23 Mar. 30 Mar. 19 Mar. Mar. 24% 21 46 54 Sale 31 30 7 6% Mar. 26 Mar. 26 Mar. 30 al01%Sale 59 31 30 31 31 Mar. 18 _ 98 Mar. 22% Mar. 10 27 11% 5% Sale 28 105 57 19 104% Jan. Mar. 31 1 Mar. 18 Mar. 11 7 Mar. 11 32 3 Mar. 18 16 Mar. 42% Jan. 24 ♦7s b 100 60% Mar. 8 14 Feb. 4 Mar. 18 60 z27 Feb. Mar. 24 4 2 Mar. 26 in 3 19 Jan. 28 Feb. 15 Jan. Mar. 7 5% Mar. 31 10223s Feb. Mar. 10 46% Mar. Mar. 6 12 4 10 41 30 32 ser 51 Jan. Mar. 12 47% Jan. 12 96% Mar. 18 103% Mar. 9 Mar. Mar. 30 103$ 31 Jan. 57% Jan. 20 Mar. 18 Mar. 19 Mar. 18 107 Mar. 18 107% Mar. 18 106% Mar. 18 104% Mar. 18 103% Mar. 3 Jan. Jan. 65% Mar. 42 Mar. 26 Mar. 28 Mar. 30 29% 30 ♦8s secured extl..............1962 MN ♦Silesia (Prov) extl sink fund 7s. 1958 j d ♦Slleslan Landowners Assn 6s 1947 F a 20 44% Mar. 18 60% Mar. 18 Sale 6 ♦7s extl Water loan........... 1956 m s Sec big 7s_..................1940 a o 31 30 31 31 99% 99% 98% 102% 5% 7% 7% 7% 44% 60% 8% 7% 11 4% 6 5% Sale 4% 11 29% 10 j ♦8s external Mar. Mar. Mar. Mar. 65 y 9 5% 7% 7% 7% Mar. 31 20% Mar. 28 19% Mar. 18 San Paulo (State of)— ♦♦8s extl loan of 1921 43% Mar. 23 32 9 Mar. 18 102% Mar. 16 70 107% Sale 103% Sale 105 Sale 109% 112 32 23 36% 8 21% Mar. 7 62% Mar. 11 57% Mar. 12 Mar. 18 103% Mar. 102 24 8% 10% 9% Sale 8 8 6% 5% Sale 63 Sale 11 9% Sale 47% Sale 10% 95% Mar. 19 Mar. 29 7% Sale 7% Sale 48% Sale 7 Mar. 2 Mar. 18 104% Mar. 12 Mar. 18 103 Mar. 2 Mar. 3 102% Mar. 24 Sale 57 55 Feb. 8 Jan. 20 Mar. 10 5% Sale Sale Sale 67 Mar. 17 Sale ..... 3 Mar. 19 Mar. 28 56% Sale 12 8 57 Mar. 26 "22"" 60% Sale 9% 9% Mar. 29 7% Sale Sale 4 13 Sale 100% 105% 106% 105% 106 101% 104% 101 Sale 100% 103 102% 2% Mar. Feb. 2% Feb. 28 3% Jan. 18 45 Sale Sale 10% Sale 10% 11 65 2% Mar. 57 Sale Sale 20% d f............1952 mn ♦634« extl secured s f-_........1957 mn 102% 106% 106% 105% 103% 102% 102% 50 Sale 7 37 101% 105 1952 a o 1959 f a ♦88 extl secured s 9% 10% 9% Sale 55% 103 5% 57% Sale 102% 103% 102% Sale 40 47 40% 47 34 Sale 40 Sale 1966 mn ♦Roumanla (Kingdom of) 7$__ Sale 56% Sale 101% 103% d ♦6s extl 63% "l 6 55% Sale 101 103% o s f g ♦7s extl loan of 1926 60 3 60 ♦Nuremberg (City) external 6s.. 1952 Sydney (City) s f g 5ka__ ...1955 f Taiwan Elec Pow 5Ks..........1971 j 12,000 93,000 Bid Highest ♦ 167,000 143,000 194,000 1 Lowest ♦Assenting 4s of 1910 larfs ♦ ♦Saxon State Mtge Inst 7s... 3,000 Ask Mar. 31 1954 ♦Saarbruecken (City) a f 6s Sao Paulo (City of)— 1,000 Mar. 1 1938 (Continued) ♦4a of 1904 122,000 96,000 58,000 3,000 RANGE SINCE JAN. Jan. 3 foreign gov't (Conclude*) Mexico PRICES IN MARCH Price March 21 25 Feb. Jan. 18 10 24% Feb. 19 26 Mar. 4 33% Mar. 8 11 18 22 3 11 2 33% Jan. 60% Jan. Feb. 28 Mar. 104% Feb. 99% Mar. 48% Jan. 60 Mar. 40 50 Mar. Feb. Mar. 10 Feb. 2 47% Jan. 53 41 Sale Mar. 31 50 Mar. 1 8 48 51 42 Sale Mar. 31 51% Mar. 2 42 48 51 42 Sale Mar. 31 51 Mar. 2 42 Mar. Mar. Mar. 40 Sale Mar. 31 Mar. 31 50% Mar. 2 40 Mar. Mar. 2 39% Mar. 50 40 Feb. 42% Feb. 11 49% Sale 46% 39 65 49%' 39% Sale 44% 80 85 99% 100 A 58% Sale d 60% Sale ft • 77% 59% Sale 65 Sale — 50 40 77% Mar. 100% Mar. 41 8* §* Jan. Jan. 19 10 Jan. Jan. 8 8 Mar. 2 Mar. 3 34 Mar. 18 100 Jan. 46" Sale 40% Mar. 59% Mar. 1 62 Jan. Sale 40% Mar. 17 57 67 65 1 53% Jan. 65 Feb. 25 Mar. 1 93% Mar. 5 37% Mar. 31 90% Mar. 28 34 83 Mar. Mar. 11 13 6 _ railroad and industrial companies. 91,000 20,000 8,000 81,000 26,000 4,000 106.000 9,000 3,000 167*.606 58,000 8,000 557,000 66",665 22,000 75,000 d 53 37 j Sale Adams Express coll tr g 4s......1948 m s Collateral trust 4s of 1907.. 1947 j d f a 90 93% 90) Sale 90 92 90 Sale 100 70 100 Sale 78 37 90 90 100 75 108 100 97 103 ♦{♦Abitlbi Pow Ac Paper 1st 5s...1953 j 434s stamped.................1946 Adriatic Elec Co external 7s.....1952 a d 1943 j 98% 103% o AlaGt Sou 1st cons 5s ser a......1943 j d First cons 4s series b Sale 82 112% 103% Albany Perfrated Wrap Paper 6s. 1948 a o 6s with warrants assented.... 1948 57 67 Albany 8c Susq 1st guar 3 Ks. ...1946 ao Allegheny Corp coll tr conv 6a..1944 f a Collateral and convertible 5s ..1949 j d 92% ♦Collateral Ac convertible 5s...1950 a ♦5s stamped a Ills-Chalmers Mfg conv American Ice s f deb 5s ..... 1953 j s d 5k«—1949 mn j Corp conv a%«—1949 j American ig Chemical Amer Internat 53 94 Mar, 4 101 Mar, 5 78 Mar, 24 100 Mar, 18 102 35% Mar. 18 2 2 Mar. 5 Mar. 24 Mar. 8 Mar. Mar. 40 40 Mar. 10 90 99 75 Jan. Jan. 62% Jan. 11 95 Jan. 26 7 94% Jan. 14 20 101% Feb. 28 Mar. 5 78 Mar. 5 100 Mar. 24 105 Feb. 28 Mar. 18 103% Jan. 96 6 Jan. 4 35% Mar. 18 54 39 Mar. 10 Jan.- 5 57 90 Jan. 18 90 Jan. 18 Mar. 10 Mar. 8 Mar. 31 Mar. 30 70% Mar. 4 45 12 64 Mar. 3 44 67% Jan. Sale 25 Mar. 31 45 Mar. 25 18 Sale 18 Mar. 31 38 Mar. 2 2 Mar. 31 Mar. 30 Mar. 31 Jan. Sale 45 44 18 Mar. 31 38 14 9 2 152" 72 Sale 94% 80 Sale 80 80 Sale Sale 2 9 80 96 106% Mar. 87% Mar. 86% Mar. 105% Mar. 8 84 96 Mar. 31 87 Jan. Mar. 31 105% Jan. Mar. 3 Mar. 2 Mar. 17 35 Mar. 23 100 83% a s 31 28 39 Sale 4s......1952 m s 1955 m Amer 8c Foreign Power deb 5s...2030 m 45 25 Sale Alpine Montan Steel 7s Sale Sale Allegh Ac West 1st g gu 4s........1998 4s .....1942 m s Allied Stores Corp deb 4k>.....1950 a o 16,000 395,000 2,000 257,000 33,000 45 Mar 86 Sale o ai leg Valley gen gu 983,000 50 Sale .............1950 4ks debentures..............1951 f 35 30 62 Mar Mar, 23 Sale 98 103 56% Sale 96 99 103% Sale 95 Sale 96 55% Sale 92 95% 104% 104% 92% Sale 26% 39 102 80 Mar. 80 96 Mar. Mar. Mar. 35% z32% Mar. 23 Sale 95% 99% 99% Sale 86 38% Mar. 30 95% Mar. 2 93 57 96 99% Mar. 31 104% Mar. 86 Mar. 29 92% Mar. 102 8 1 76 H* Feb. Mar. Mar. 29 109 Jan. Mar. 31 92% Jan. 7 15 14 6 Feb. 11 38% Mar. 30 58% Jan. 15 95 99 22 Jan. 31 Jan. 99% Mar. 31 104% Feb. 17 86 Mar, 29 98% Jan. 22 Amer Tel 8c Tel— 430,000 871,000 568,000 26,000 38,000 664,000 162,000 8,000 17,000 376.000 166,000 20-year sinking fund 5k> 1943 mn 334s debentures..............1961 a o 334* debentures..............1966 j d j ♦Am Type Found s. f. debs 2%-5s_1950 j Amer Water Wks Ac Elec 6s ser a.1975 mn Anaconda Cop Mln s a o f deb4%s ..1950 AngloChtlean Nitrate— ♦Sinking fund Income deb.._.1967 Jan tAno Arbor 1st g 4s... July 1995 q j Ark Ac Memp Bdge Ac Term 1st 5a.1964 m s (Del)—.1955 f a (Del).........1957 j j Armour At Co 4s s f ser b 1st m l f 4s ser c For footnotes, see page 30. 113% Sale 101% Sale 101% Sale 103 94 109 104 Sale 93% 96 104% Sale 104% Sale 31 42 88 86% Sale Sale 99% Sale 100% 100 106 29 35 Sale 98 28% 35 93 86% 112% Sale 87 103% Sale Mar. 21 106 Mar. Mar. 30 95% Mar. 103% Mar. 28 105 ~ Mar. 17 3 113% Jan. Mar. 31 102% Mar. 31 101% Mar. 21 107 Mar. 30 97 102% Jan. 26 105 20 Mar. 17 Feb. 26 10 Feb. 19 Jan. 13 Jan. 25% Mar. 31 29 Mar. 25% Mar. 31 31 Jan, 32 Mar. 18 36 Mar. 12 32 Mar. 18 41 98 Mar. Mar. 98 Feb. 7 100 Sale 89% Mar. 30 89% Mar. 30 88 Jan. 4 95 Feb. 2 Mar. 7 Jan. 10 86% Jan. 3 94% Jan. 25% Sale 32% 39 90% Sale 90 92 89% Sale Sale 99 87 Jan. 100 Sale 39% Sale 112% Mar. 28 113% Mar. 100% Mar. 31 102% Mar. 17 99% Mar. 31 101% Mar. 11 1 100 92% Mar. 23 92% Mar. 24 5 10 Cy 22 Sales in March Value N. Y. STOCK 5s' BONDS N. Y. STOCK EXCHANGE il Ask Bid 110 No* 109 % Sale 103 103% M N 102% 103% 1995 Adjustment a 4«_ -July 1 1995 Stamped 4a..........July 1 1995 Con? g «a of 1909.............. 1955 Con? a 4a of 1905. !—195P Con? 4 4a of 1910..—...... ...I960 713,000 ""Coo? deb gold 4%a——....1945 ------ 37,000 11.000 71,000 : ------ Ask Bid Topelca & Santa Fe— Gen g 4a A O i J I j r D Rocky Mt dl? lat 4a A 1965 Trana-Cont Short Line lat 4a 01956 J 2 Cal-Arlz lat ft ref 4Ha aar A —1962 m 194* A.. 1944 lat 30-year 5a aer B —.—1944 At! Coaat L lat cona 4a -July 1952 General unified 4%« aerlea A--1964 10-yr coll tr 5s. ..May 1 1946 L ft N collet gold 4a—Oct.. 1952 Atlantic ft DanylUe lat ft 4a 1946 9,000 42,000 168,000 18,000 11,000 71,000 53,000 22,000 second 4a.. 1946 62,000 At! Gulf ft WI SS Line coll tr 5a.l95V 12,000 {♦Auburn Auto'blle con? deb 4J4a *39 11,000 Auatln ft NW lat g5f guar 1941 10,000 Baldwin Loco Wka 5a atpd ..1940 364,000 oalt A Ohio lat g 4a July 1946 679,COO Refund ft gen 5aaer A..... 1995 447,000 lat gold5a ....July 1946 816,000 Ref and gen 6a, aerlea C....... 1995 192,000 p L B ft W Ve Syaref g4a 1941 i 318,000 Soutbw Dl? latSHa at 5% 195t 53,000 Tol an Dl? lat & ref 4a aer A..1959 473,000 Refunding 5a aerlea D. 2000 2,287,000 Con?g4%«—. I960 742,000 Ref & gen 5a aerlea F..........1996 36,000 Bangor ft Arooatook BLR lat g 5a '43 32,000 Conrefmtgt gold4a— -...—.1951 97,000 4a atamped —1951 J 105% 100 J Atl Knox Ac No lat g5a.... Atl & Char Air Line lat 4%i 107 L J e 106# —^ iii% 113 102 Sale 104% m J J 116 100 J J 104% 106 J M J D 95 3 L M N p UN J J 29 J J 26 58 J J J J J l M N IS* Sale Sale A 0 Sale J D Sale J 78 59% Sale 59% "37% Sale 31% Sale — 38 Sale 112 Sale 105 108 109 "93" 88 100 44,000 43,000 23,000 13,000 414,000 353,000 ♦Berlin City Electric deb 6%«—195) ♦Deb linking fund 6%• ......195*-' ....1956 22% 23% 23% 18 24 1943 'Debenture 6a Berlin Bloc Ele? ft Undgrd Rye— 6 %8 .—1956 D...1960 B— 1966 Bethlehem Steel 4%• aerlea Cona mtge 3%s aerlea 794,000 3%a 8 f conv debs 3,060 Big Sandy Ry lat mtge 4a.... 281,000 117% 117% 127% 103^ flH Bel?ldcre Del cona gtd g 1952 1944 Boston ft Maine lat 5a aer AC... 1967 A O J J A O A J D M S A 43 A J io8~ ::::: O F 100% Sale 92% Sale M N 70,000 I 10,000 Brooklyn City RR lat 5a 1941 195,000 Bklyn Edison cona mtge 3%e—1966 630,000 Bklyn Manhattan Transit 4%»— 1966 Bklyn Queens Co ft Sub gtd 5a.. 1941 la> Sa atamped 1941 34,000 Brooklyn Union El lat 5a 1950 188,000 Brooklyn Union Gaa Co lat g 6s.l94! 99,000 lat lien ft ref 6a aar A......... 1947 60,000 Debentures gold 5s 1951 83,000 lat lien ft raf 5s aerlaa B 196? 35,000 Brown Shoe a f deb 3%*—1950 ...— — ... ......... 36,000 t uttalo(,en Elec 4ser B ..I'M M N M N Sale Sale 12 44 103% Sale 50 to N 44% J Sale 82* 28 30 55 Sale 83 '88 ...... ... ... ...... ♦Mobil* Dl? 1st r 5a . 194* .. 28,000 Central Foundry 1st mtge 6a 5,000 10,000 143,000 i 20,000 5,000 1941 ...1941 General mtge 5s......... Cent Hudson G & E 1st & ref 3%s '6ft Cent III Elec ft Gas lat 5a 1951 Central Illinois Light 3%a 1966 }♦Central New Eng lat guar 4a.. 1961 78,000 Central of N J gen g 5s. i—193) 50,000 General 4a 193) 179,000 Central N Y Power 3% 8 1962 355,000 cent Pac 1st ref gu t 4a .194 Through St L lat gu g 4a 195? 185,000 Guar 5s 196* **Cen RR ft Bkg of Ga col tr 5a.193) 1,000 5s extended to May 1 1942 3,000 Central Steel 1st sink fund 8a...194) 162,000 Ortafc-teed Prod a f g A. 1943 562,000 Champion Pap & Fibre deb 4% a. 1950 98,000 Chea a Ohio lat cona g 5s 1939 119,000 General gold 4 %• 1992 161,000 Ref ft Impt mtgu 3%r aer D—1996 126,000 Ref ft impt mt«*e 3%a aer E—..1996 Craig Valley lat g 5a ..May 194t Potta Creek Br lat 4a........ 1946 6 000 R ft A Di? lat con g 4s 1989 2d con gold 4a.............1989 Warm Springs Valley lat g 5s .1941 ... . ...— ...... 14% Mar. 30 Mar. 22 50% Mar. 30 15% Mar. 28 81% Mar. 10 99% Mar. 44% 17% Sale 40% Sale 18 Sale 32% Sale 39% Mar. 15% Mar. 37 55 27 \VA Sale 40 Mar. 17 Mar. 32% Mar. 26% Mar. 9 85% Sale 61 97 J J 101 J MN J L 107 80 56 1 95 Mar. 101% Mar. 4 99 Mar. 105 Mar. 2 95 Sale 99% 107 40 95 Sale 88% 107% Sale 43% Sale 42% 36% 9% sit* M 41 27 116% Mar. 126% Mar. Sale" 27% Mar. 19 Sale 26 33 166% Sale 92% Sale 82% Sale 104% 106 23% Sale 22 22% 5% 28 Sale Sale 41 68 73 101% Sale 23% 27 22% 5% 39 102% 35% 26% Sale 40 Sale 112% Sale 124% Sale 121 74 112 my' 188 Sale Sale Sale 101% 114% 101% 95% Sale 71% Sale 26 23% 63 10% 12% 10% A t C J D J J J 6 J * A* 6% Sale 12% 25 23 6 J S 14 9% S 55 106 98 107 O J A nH 25 J 22% "69>i 107 Sale "Si"' Sale 29 97% Sale Sale 20 50 Sale A 71 V M N Sale 93 90 to N 116 123 M F S 59% 105% 105% 119% 95% 95% 106% 106% Sale M M N M F M N F A J J Sale Sale Sale Sale 108 5 ..... 6 Sale 35 30 31 26 105% 88% i 4 9 1 104% 105 119% Sale 96% Sale 96% 107% Feb. Jan. 12 Jan. 44 Jan. 39 Mar. 24 102% Jan. 28 104% Feb. 21 35% Mar. 31 61 Jan. 13 Mar 75% Mar. 67 Mar. 100 Mar 106 Mar 102%. Mar. 66% Mar. 91% Mar. Mar Mar. 107% Mar. 19 111 Mar. 15 106% Mar. 16 30% Mar. 1 8% Mar. 11 9 Mar. 26 78% Jan. Mar. 15 108% Jan. Mar. 30 106% Jan. 62 Mar. 11 Jan. 73 83 Mar. 31 95% Jan. 6 107% Mar. 105% Jan. 110 Jan. 7 111% Jan. 106 Mar. 19 106% Jan. 98 Mar. 28 16% Mar. 30 8% Mar. 23 7% Mar. 24 85 Jan. 19 14 17 8 20 19 18 18 44 Jan. 10 10 Jan. 15 9 1 Mar. 28 Jan. 8 26% Mar. 39% Mar. 1 26% Mar. 31 42 Jan. 15 39 50 Mar. 1 39 61 Jan. 4 86% Mar. 21 Jan. 19 Mar. 102 83 Mar. Mar. Ill Mar. 114% Mar. 117 Mar. 116 Mar. 114% Mar. 112% Mar. Ill Mar. 120% Mar. 73 90 Mar. Mar. 111% Mar. 86% Mar. 21 104% Mar. 3 101 Mar. 5 115% Mar. 11 117% Mar. 11 121 120% 118% 116% 115% 124% 85 Mar. 11 Mar. 11 Mar. 4 Mar. 12 Mar. 16 Mar. Mar. 101% Mar. 114% Mar. Mar. Mar. 99% Mar. Mar. Mar. 102 Mar. 30 86% Mar. 21 102 83 Mar. 31 104% Mar. 29 109 Jan. 13 111 Mar. 18 H5% Mar. 11 114% Mar. 18 117% Mar. 11 117 Mar. 17 121 Mar 11 116 Mar. 18 120% Mar. 11 114% Mar. 18 118% Mar. 4 112% Mar. 17 116% Mar. 12 Ill Mar. 18 115% Mar. 10 120% Mar. 18 125% Jan. 15 73 Mar. 18 Mar. 92 Mar. 23 1 100% Mar. 102% Mar. 11 87% Mar. 2 Mar. 18 104 86% Mar. 18 40 Mar. 23 98% Feb. 98 81 8% Mar. Mar. "Mar. 20 50 16% "Mar i Mar. 6 18 Mar. Jan. 12 Jan. 14 Jan. 4 Feb. Jan. 17 6 Mar. 29 i 76% Jan. 21 Jan. 5 26 Feb. Jan. 25 50 Jan. 25 25 8% Mar. 29 5% Jan. 7 3% Mar. 31 Mar. 6 6 99 Mar. 30 108 11 89 Jan. 17 56 59 72% Mar. 23% Mar. 3% Mar. Jan, 47% Feb. 18 10 101% Jan. 12 Jan. 53 59 20 89 90 Mar. 18 103% Jan. 24 111% Mar. 19 114% Feb. 28 If* 98% Mar. 60 107 89 Mar. Mar. Mar. 100% Mar. 63% Mar. 108 Feb. 23 98% Mar. 60 107 Mar. 12% Jan. 13 Feb. 17 7% Jan. 12 7 Mar. Mar, Mar. 10 Feb. 23 112 70 Jan. 10 Jan. 11 108 Mar. 30 Jan. 24 35 Mar. 38 Mar. 35 Jan. 46 20 Mar. 32 Mar. 20 Mar. 34% Jan. 18 22% 19% Mar. Mar. 103% 103 107% Mar. Sale 65 Mar. 89 99% Mar. 108% Mar. 105% Feb. 25% Mar. 105% Mar. 89 19% Mar. 102% Jan. Mar. 65 Mar. 100 108% Mar 23 Jan. 13 12 29 Feb. 105% Mar. 1 9 97% Jan. 3 98% "39% Sale 39% Mar. 31 64% Mar. 62 Mar. 62 114 87 Sale 114 Mar. 49 Sale 49 Mar. 55 104 111 85 % Sale Sale Sale 85% Sale 99% 103% 110% 85% 85% 39% Mar. 31 "74% '"7 62 Mar. "64"""F"e"b"l6 116% Mar 12 1 66% Mar. 5 104 Mar, 114 Mar. 116% Feb. 15 Mar Mar. Mar. Mar. 105 120 67 106 106 121 Jan. 6 97 Feb. 17 Mar. Mar. Mar. 1 Mar, 3 Mar. 1 96% Mar, 2 2 97 Mar. 49 99% 103% 110% 85% Mar. Mar. Mar. Mar. Jan. 10 Feb. 28 Jan. 24 19 Jan. II 108 114 113 107% ,?r For footnotes, see page 30. 10 3 15 15 105"" ::::: 112"" Mar."i8 Ii3%Maf."l5 112" MarVlg ii5~""jan"Ii 113% 109% 107% 45 41 Mar. 30 22% Mar. 31 5% Mar. 31 Sale 105% 108 115 45% Feb. 11 27 "35" 65 66% Sale 104 104% 23% Mar. 31 26 20 101 87 116% 120 Mar. 'J Sale Sale 62 Mar. 19 89% Sale Sale 27 25 66 99 "63% 28% Feb. 25 28% Feb. 25 22* 108% 107% 108 98% Sale 108 107 65 38 4 Feb. 25 Jan. 7 2 119% Feb. 128% Mar. 25 IB 10 85 75 66 107 104 O F M 100 Sale 12 18% 115 O A Mar. !2>* 103% M Sale 60 ..... 4% 3% 6 15 28 M A 41 40 12* A Mar. 24 Mar. 31 104% Mar. Mar. 31 53% Mar. 98 83 25 to N Mar. 4 37% Mar. 1 8% Mar. 18 98 83 65 75 Sale 90 98% «111% Sale 92 21% Sale 7 11 17 1 42 Mar. 31 Mar. 31 40 25 Feb. Jan. Jan. 107% Feb. 24 107% Feb. 24 95% Mar. A Jan. Jan. 4 86% Mar. A Jan. Mar. 92 L> 4 3 10 7 7 2 1 40 F 3 3 Jan. Mar. Mar. Sale F Jan. 15 3 7 Mar. Mar. 88% Sale 40 35% 99% Sale Sale 59% d 22% Feb. 3 28 Mar. 23 100% Mar. 31 103% Jan. 14 92% Mar. 31 95% Jan. 10 Mar. 23 94 Sale Mar. 99% Jan. 116% Mar. 126% Jan. 25 Sale 888 186% Mar. Feb. 106 108 48 100 6 25 Sale 49% 30 85 112% Jan. 21 Mar. 30 60 17 15 7 39 26% Jan. 20% Jan. Mar. 31 6 Jan. Jan. 31 ti* Mar. Mar. Mar. Jan. 3 14 Jan. Jan. 28% Map. 1 Mar. 19 Jan. Jan. 31% Jan. 45 70 27 82 84 Sale ~28% Mlir.""3 44 106% Mar. 106% Sale 110% Sale" 110% Mar. 107 106 Mar. Sale "17% Sale 16% Mar. 7% 8% Mar. 9% 9 7% Mar. 8% 50 4 128%3*Mar. 25 25% Mar. 19 28 100% Mar. 31 102% mtu-. 01 92% Mar. 31 95% 82% Mar. 31 88% 107% Mar. 4 107% Sale "39% 11941 Mar. 12 Jan. Jan. Jan. Mar. Mar. 15 108 95 99 48 Jan. 60 60 78% 75% Mar. 18 24% Mar. 18 - 104% Sale 102% Sale 35% Sale 53% Sale 41% *41% J 72 Mar. 46 Sale 90 Mar. Mar. 32% Mar. 26% Mar. Mar. 114% We* 108 Mar. 110 Sale Sale 72 1 2 2 2 3 Mar. Mar. 8 11 14 Jan. 78% Jan. 39% Jan. 82% Jan. Mar. 40 17 11 13 7 Jan. 102 39% Mar. 15% Mar. Mar. 113% 113% mt !iH tin 98% Mar. 108% 108 ..... Sale Sale Mar. 22 62% Mar. 1 Mar. 1 99 Mar. 22 50% Mar. 30 15% Mar. 28 81% Mar. 10 11% Mar. Sale 101% Mar. 21 Mar. 1 Mar. 5 14% Mar. 30 20 1 Sale Sale 55 30 85 45 1 117% 115% Sale Sale 117% Sale 120% 117% Sale Sale 115 115% Sale 113 115% Sale 116% 76 Mar. 1 114% 119 80 Mar. 3 71% Mar. 3 30 Mar. 1 23% Mar. 11 Mar. Sale 119 1 62 Mar. Sale 116% 114% 113% 124% 86% 9 97 Mar. 28 104% 94 Mar. 30 77% Jan. 29 88 Mar. 31 76% 71% Mar. 31 31% Mar. 28% 29% 102% Sale 112 118 84% Mar. 75 1 31* 104% 102 101% 83% 105% 113% 116% 118% 112 Mar. 26 104 104% 104 Mar. 16 86% Mar. 104 108% Feb. 103% Jan. 112% Jan, Mar. 28% Sale 24% 110% 106% 30% 8% 7% 10 Mar. Mar. "28% "29% *28 107 Sale Jan. 101 106% Jan. Sale 116% Sale 119% Sale 127 127% 126% Sale 110% 104% Jan. 2 71 4 5 19 Jan. Feb. Mar. Mar. 100 93 102 Mar. 88 88 18 Jan. 103% Jan. Jan. Sale 109% Sale 101% 103% 102% 105 Sale 97 100 90 98 16% 62 83 * 5 12 65 Sale v Mar, Feb. 103 88% Mar. 98% Mar. Sale 83 A Mar. 3 3 Sale Sale F 88 Mar. Mar. Sale Mar. 64% N Mar. 22 30 16 30 Sale I M Sale Prices Mar. 30% Sale 16% Sale 42 Sale 4 3 20 67 100 98 - .... Mar. 31 Sale J .... 36 Mar. 99 105.000 Cam Clinch ft Ohio lat fta. 1936 175,000 1ft ft con g 6s aerlea A.Doc 15 195 13,000 Carriers ft Gen Corp deb 5a w w.1950 ♦Conaol gold 5a 1945 'Ref ft gen 5%a aerlea B..——1959 ♦Ref ft gen 5a series C 1959 ♦Chat Dl? pur money g 4a....1951 ♦Macon ft Nor Dl? 1st g 5a...-.1946 ♦Middle Ga ft Atl Dl? pur m 5a. 194) Sale 80% 62% Sale 31% Sale 66% Sale 34% Sale 8* 88 iSS 14% Mar. 30 62 80 Sale 100% Sale 84,000 1,000 39,000 Sale Mar. 28 45 102% 66* J {♦ Cent of Ga Ry 1st g 5a...No?. 1945 15% 11% 50% 15% Sale 26% 54% Sale M > 113 50,000 Celotex Corp deb 4%a w w.—_..1947 5,000 ♦Cent Br Un Pac 1st 0 4a 1946 71% 45 Sale J 1951 64 "64" 75 *71% Mar. 31 106 . Carthage ft Adlr lat gu g 4a 77 Sale 110 108 75 Sale Prices 100 "90" Mar."31 M N 5a equip trust ctfa ..1944 Collateral truat g 5s ........1954 150,000 Collateral trust 4H>1966 2,000 {'Carolina Central 1st gu g 4a.. 1949 ...... 71% Sale 80 60 A ... 172,000 224,000 Sale F ..... . Sale J 5,000 Buffalo Niagara Elec 3%a aer C—1967 J D 253,000 buff Koch ft Pitta cons 4%a. 195) M N 3,000 »{♦ Burl Ced Rap ft Nor 1st 5s 1934 A t 3,000 ♦Certificates of deposit {Bush Terminal Co 1st 4a...... 1952 A 71,000 Conaol 5a 1955 J 16,000 IBUah Term Bldgs lat 5a gu I960 A 3.000 Calif-Oregon Power 4a 1966 A 49,000 Calif Packing con? deb 5a......1946 J 38,000 Canada Sou con gu 5s set A.....1962 A 140,000 Canadian Nat Jold 1957 J 129,000 Guaranteed gold 5s July 1969 J 67,000 Guaranteed g 5a..———.Oct 1969 A 28,000 Guaranteed g 5a... 197* F 90,000 Guar gold 4H* June 15 1955 J 169,000 Guarg4fca 1956 F 158,000 Guar g ...........1951 M 80,000 Canadian Northern guar 6%*—.1946 J J 340,000 Canadian Pac 4% deb stock M S 216,000 Collateral trust gold 4Hs.. 194t . "29% O 62,000 lat mortgage 5a aerlea U 1955 1st g 4% a aerlea JJ-— 1961 24,000 ;'boaton ft NY Air Line 1st gu 4x1955 "71" 50 3a....lV6A lHa.. .1951 140,000 Bell Telephone of Pa lat 5a B 1946 53,000 Flrat ft ref 5a aerlea C ........I960 Beech Creek Exten lat g --—. )56/ Sale Highest 1 Mar. Sale Battle Creek ft Sturglagu ,»■, \7} 101% C Sale Prices Mar. 31 110 Mar. 31 91% 88% Mar. 30 99% 98% Mar. 15 100% 97 Mar. 21 100 "88" 71 30 D Sale Prices 100 88 105% Mar .""2 106% 98 Mar. 29 102% Mar. 11 100 Sale 111 105% 109% Mar. 7 110% Mar. 2 104 Mar. 28 110 Mar. 1 Sale 102% 104 116 116 102 Mar. 1 77 Sale 84% Mar. 9 85 71 A Ask Sale Sale Sale JAN. 1 Lowest 95 90 97 102 M N 88 89 Sale Sale 100 99% Highest 98 105 101 109 110 106 85 85 Sale 29 60 20 92 100 101 Sale Sale 88 J J Sale 99 Lowest Mar. 31 Mar. 1 1938 RANGE SINCE PRICES IN MARCH Price Jan. 3 Bid Atchinaon 745,000 11,000 465,000 9,000 63,000 EXCHANGE—BONDS April, 1938] Sales in ii BONDS March Value n. y. stock % 1M9 26 *4 Sale 23 194V 106 *4 Sale Sale 110*6 10894 Chic Burl 9c Q 111 Dlv 9 Ha klllnols Division 4> General 4a 1958 lit 9c ra(4Ha aerie* B lat 9c ret 5a aerlea A-. 105 109 *6 1977 .....1971 441",006 16 Sale Sale Sale Sale 95 Sale 95 95 Sale 95 Mar. 31 102 8*4 7*6 71*4 15*6 Mar. 30 Mar. 30 Mar. 8 Mar. 23 ' 6,000 Chic 9c Erie lat gold 5a ..1983 660,000 {♦Chic Gt Western lat W-yr 4a...1959 M N M S 16*4 Sale Sale 6,000 {•Chic Indlanap 9c Loulsv rf g 4*1947 4,000 ♦Refunding gold 5a aer B 1947 1,000 ♦Refunding 4a aeriea C.. 1947 78,000 ♦lat 9c general 5a aerlea A. 1966 ♦lat 9c gen 6a aeriea B 12,000 May 1966 1,000 Chic Indiana 5c Sou 64>yr 4a 1956 J 1094 20 20 15 1,000 168,000 22,000 195,000 23,000 17,000 1,355,000 1.592,000 43,000 J M N J 10*| 10*2 5*4 J J 1969 D J 27 J 73*2 May 1 1989 May 1 1989 {♦Chic Mil St PAt Pac mtgefts aerA1975 ♦Con? adj 5a Jant 2000 {•Chic & No Weat gen 3*4« 1987 J 26 J 26 E 30 41 1987 MN ♦Stpd non payt Fed lnc tax. 1987 ♦Stpd gen 496 a non-pay lnc tax 1987 M N MN 16"" M N 17 19*6 ♦General 4a 25,000 120,000 ♦General 4Ha stamped 42",606 ♦♦15-year MN 18 P J D ♦lat 9c ret 4J4s stamped.-May J D J D ♦lat 9c ret g 5a May 3037 3037 ......May 2037 1949 ♦Cony 4 94 a series A ♦{♦Chicago Rya lat 5s stamped Feb 1 1938 25% part paid 9,000 1927 226,000 {•Chic R 1 9c Pacific gen g 4a 1988 33.000 ♦Certificates of deposit... 246,000 ♦♦Refunding gold 4s........ 1934 ♦Certificates of deposit... 110,000 163,000 ♦♦Sec. gold 4948 aerlea A.. 1952 92,000 ♦Certificates of deposit..... 242,000 ♦Convertible gold 4 948—.—.. I960 13,000 Chic S L & N O gold 5a 1951 Gold 394a June 15 1951 Memphla Dlv lat 4s... ...1951 12,000 Chic T H & S'eaat lot 9c ret 5a 1960 Income guar 5a.... 23,000 Dec 1 i960 M h F 12 Mar. Mar. 25*4 7*6 2*4 13*6 Mar. Sale Sale Sale Sale Mar. 29 Mar. 3 26 Mar. Mar. 2 3 32 Mar. 1 30 32*4 Mar. 1 26*6 Mar. 18 12 Mar. Mar. Mar. Mar. 4*6 Mar. 16 Mar. 16*4 Mar. 15*4 Mar. 15*4 Mar. 29 19 Mar. 1 13*6 Mar. 13*6 Mar. 14*6 Mar. 15 Mar. Sale Mar. 10 12*6 Mar. 16 5*6 Mar. 5 6*4 Mar. 9 23 11 I'i Sale Sale 47 D J D s J D 72*4 6 Sale 5 8*6 8*6 7*4 7*6 5*6 Sale 50 78*6 • yy Mar. 30 Sale Sale Sale 8 Feb. 25 Jan. 10 Jan. 12 Jan. 7 Feb. 15 3 Mar. 25 3*6 Mar. 26 72 29 112 23 15 12 25 35*4 Jan. 17 31 30 Jan. 31 36 Jan. 14 15 30 17 35*4 34*4 13*4 4*6 Mar. Feb. Mar. 20*6 Mar. 20*6 Mar. 23 Mar. 25*4 Mar. 7*6 Mar Mar. 29 S® 3 Mar. 30 55 50 "I" "64" 57 47*4 57*4 65 30 2*4 13*6 13*6 13*6 14*6 Mar. 26 15 Mar. 31 Mar. 15 Mar. 23 Mar! 23 Mar. 19 25 Mar. 26 Mar. 25 Mar. 28 43*4 14*6 14*4 5*6 Mar. 17*6 Mar. 16*6 Mar. 8*4 Mar. 51 Jan. 18 19*4 18*4 9*4 8*4 Jan. Jan. Jan. Jan. 10 Jan. 10 13 8 8 12 8*4 Jan. 5*4 Jan. Feb. 8 Mar. 29 Mar. 30 Mar. 30 Sale A* Mar. 29 Sale Mar. 31 10 Mar. 5 8*6 7*6 5*6 65 Mar. Mar. Mar. 5*4 Mar. 29 5*6 Mar. 30 78*6 Feb. 57! 47! Mar, 52 67 Mar. 43 8 53 52 Mar. 22 44 43 Mar. 18 Mar. 25 3 Mar. 18 63 50 Jan. 17 Feb. 14 Jan. 8 Jan. 12 18 Jan. 13 1856 Jan. 13 18*6 Jan. 13 17*4 Jan. 8 22 Feb. 2 18*6 Jan. 18 22*6 Feb. 1 12*4 Jan. 12 1156 Jan. 1» 11*4 Jan. 12 7*1 Jan. 11 6*6 Mar. 30 3*6 Mar. 30 59*4 Mi Mar. 14*4 7*4 7*4 85*6 78*6 Feb. Mar. 25 6*6 Sale D J Sale 8 J Feb. 13 5 7 7 5*4 Mar. 43*4 Mar. 31 14*6 Mar.29 14*4 Mar. 30 43*4 Sale 15*6 Sale 8 MN 15 8 12*4 Jan. 15 18*4 Mar. 10*4 Mar. 10*4 Mar. 10 Mar. Mar. Mar. Mar. 6*6 Mar. 3*6 Mar. 15 7 7 25 1 21 Feb. 10*6 Jan. 16*4 Jan. 23 MS M 13 20*6 Mar. 20*6 Mar. 10K "6 A Mar. 72 L12 45*6 57 17*6 Sale 16*6 Sale 3 1 Mar. Mar. Mar. "22" J 3 2 1 3 Sale A I Mar. 31 109*6 Jan. Jan. 28 Jan. Mar. 3*6 Mar. 21 10*4 10*4 Sale Sale 10 6 95 Mar. Mar. 72 16*2 16 91 1987 secured 496a.. .....1936 ♦1st & ref 4 Ha aer C. 107,000 127,000 70,000 935,000 1 9 14 72 112 23 23 ♦Gen 5s stpd non pay lnc tax. 1987 119,000 67,000 M N 15*4 Mar. 13*4 Mar. 20 12*6 Mar. 34*4 11*6 Sale 3*6 Sale 18 14*6 Sale 17 18*4 A G A 1 2 Sale J 1 Mar. 37 Sale "29*4 Mar. 95*4 Mar. 8 Jan. Jan. 12 94*6 Mar. 25 99*6 Mar. 31 111*4 Jan., 5 95 Mar. 31 109 Jan. 3 Jan. 3 88*4 Mar. 30 105 Jan. 11 8*4 Mar. 30 Jan. 12 7*6 Mar. 30 3 71*4 Mar. 8 108'" Jan. 15*6 Mar. 23 22*6 Feb. 23 13 112 31 110*4 May 1 1989 ♦Gen g4^a aeriea ♦Gen 4*6« aerlea P 70 15*4 Sale 7*4 7*4 39*4 20*4 28*4 Sale ♦Gen 4Ha aeriea C 63 92*4 86 ♦Chic Mil 9c St P gen g 4a aer A..1989 ♦Gen g 3*4s aeriea B May 1 1989 Chic L S Ac Eaat lat 4 Ha Sale 2 2 [ Sale Prices 12*4 Mar. Sale 37 Sale 8 J J 108 Sale 7*6 9 15*6 15 ...... 1 Highest Sale Prices 15 Mar. 22 90 20 15 4 83 ""8*4 Sale Sale M N Mar. 31 104 88*4 Mar. 30 88 {♦Chic 9c E 111 Ry (new co) g Sa ..1951 31,000 ♦Certificates of deposit .... Sale Prices 15 Mar. 22 22 Mar. 94*6 Mar. 25 102*4 Mar. 99*6 Mar. 31 106*4 Mar. Sale Sale Sale Sale Highest Sale Prices Ask 100 Lowest Lowest 95*4 Sale Sale 90*4 Sale g 4a......1934 cona Mar. 31 Ask Bid Ask ....1949 Chic 9c Alt RR ret 9 3« ♦{♦Chic 9c E 111 lat Mar. 1 1938 Bid 118,000 467,000 688,000 665,000 217,000 463,000 RANGE SINCE JAN. PRICES IN MARCH Price Jan. 3 24 exchange 23 EXCHANGE—BONDS N. Y. STOCK Mar. 29 Mar. 31 Jan. 4 55 86 8 65 86 3 Mar. 22 Mar. 18 Mar. 18 Jan. 4 3 7 3 Jan. 54*4 Jan. Chicago Union Station— 1st mtge 4s series D........... 1963 41,000 J 105*4 107*4 109*6 Sale 1963 J 109 M 104*4 105 " Guaranteed 65,000 165,000 23,000 1st mtge 4a............... 1944 3*6a series E......... 1951 394" guaranteed ...... 222.000 Chicago & Western Indiana 4a.. 1952 240,000 tst & ref mtge 496s aer D...... 1962 84,000 t hilds Co deb 5s 3,000 {♦Choc Okl 8c Gulf consol 5s — 1952 6,000 Cln F J D VI N Leh Ar N 1st con go g 4a....194 Sale 86 58 64 11 W Sale 56 34*4 Sale Sale 67*4 f 49 Sale Sale Sale 102*6 Mar. 107*4 Jan. 28 Mar. 31'108 *6 Mar. 29 108*6 102*4 Mar. 15 103*6 90*4 71*4 Mar. 71 Mar. 86*4 65*4 49 Mar. 14 Mar. 14*4 103 110 100 109*4 Jan. 13 102*4 Mar. 104*4 105*4 102*4 103*4 Sale 108k 109*4 103 Sale 108 100*6 Sale 101*4 103*6 92 O A 147,000 Cine Gas & Elec 1st mtge 394a... 1966 1967 35,000 lat mtge 3*£s. Sale 100 M 1943 ... O A 102*4 Mar. 102*6 Mar. 26105 Mar. 100 103*4 Sale 105*6 107 2 18 37 14*4 104*4 104*6 102*4 Sale Sale 107*4 108*4 107 107 Mar. 101*4 102 102 Mar. 18 102 107*4 107*4 109 Mar. 108*6 Mar. 108*6 Sale 108*4 106*6 107*6 102*4 105*4 104*4 Mar. 29 107*6 Mar. 101*4 Mar. Mar. 102*6 Feb. 71*4 Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. 104*6 Mar. 108*6 Mar. 103 71 105*| 107 Mar. 18 3 Jan. 13 100 Jan. 3 5 92*4 Jan. 68*6 Feb. 15 14*4 Mar. 11 104*6 Feb. 25 108*4 Feb. 25 Mar. Mar. Jan. 49 14 Jan. Jan. 102 Mar, 18 102 Mar. 18 Cincinnati Union Terminal— 32,000 89.000 72.666 1.000 103,000 63,000 M N C G C Ac St L gen g 4a I 1993 1993 J J 73 J Sale J 102! Sale — Ref A Impt 4 94* series ... St Louis Dlv 1st coll trust g 4s.1994 MN 194* M W W Val Dlv lat g 4a 194* S 81.000 Cleve-Cllffa Iron lat mtge 4J6s__1950 1965 Clev 9t Pitta gen gu 494a aer B..1942 Series B gu 34a.. 1942 Series A gu 44a.. 1942 Series C gu 3948.. 1948 Series D gu 394s ............1950 General 4 94* series A..... 1977 Gen & ref. mtee 4Ha series B 1981 ... 110*2 A O A O 105^2 F 105 J A A A 1977 1945 f 5a.. 194.' 1970 A s f g 5* aerie* 1st a f 494a aeries C Coal Rlv Ry 1st gu 4a 16'666 Colo Fuel At iron Co gen a ♦5a income mtge 8,000 114,000 Colorado & Southern 494s ser A.19HII 1952 285.000 Columbia Gas 9c Elec deb 5a Debenture 5s .......-Apr 15 6.000 1952 91 109 99 J P A 97 O 59 1 1 97 Mar. 21 102*4 Jan. "78" "Mar."3 59 Mar. 28 92*1 3 Mar. 73*4 Jan. 1 3 3 ~ 85 Mar. 28 78 *4 "Feb"." 18 100 99 106*6 Mar. 106*6 Jan. 26 108 Jan. 106*4 Feb. 14 108 Jan. 106*4 Jan. 25 106*4 Jan. Sale l65"' 60 91 (> liH 112$ Columbus Ac Toledo lat ext 4s...1955 160,000 Columbus Ry Pow & Lt 4s.... *965 Commercial Credit deb 396a.....1951 661,000 2H* debentures ...........1942 98.00O Commercial Invest Tr deb 394*--1951 F A 103 Sale 76 Sale 73 Sale 66 72 82 107 Sale 101 100*4 60 95*4 99*4 A O J D J J 101 J 112*4 112*4 112*4 112*4 108*6 105*6 96*4 Sale 3 -1- 100 99*4 79*4 161" ""Feb"." 77 Mar. 30 71*4 Mar. 18 65*6 Mar. 29 95 83 99 64 44*4 Sale 94*4 105 92*4 Sale 104 112 107*4 98*6 100*4 103*4 Sale Sale Sale Sale 100 58*4 30 Sale 90*6 Sale 83 90*6 86*6 Sale 100 109*4 Mar. 17 166*6 Mar." 100 102 7 4 4 12 62 Mar. 59*6 Mar. 25 65 Mar. 31 43 Mar. 30 90*4 Mar. 28 94*4 Mar. 16 86*6 Mar. 29 100 Mar. 31 Sale 101*4 Sale Feb. 2 10 8 99 90 4 98 Jan. Jan. 14 18 96 *6 Jan. 8 85*6 Feb. 112*4 Jan. 28 112*6 Jan. 95*4 Mar. 92*4 Mar. 47*4 Jan. 88*4 Feb. 95*4 Mar. 15 28 Feb. 109*4 Feb. 106*4 Sale 95*4 Sale I6l *4 "Feb"." 1 Jan. 59*4 Mar. 25 30 100 Sale Sale Sale Jan. Mar. 29 Mar. 4 Jan. Jan. Jan. 18 Mar. 30 Mar. 18 77 Mar. 88*6 Mar. 4 25 100 106*4 109 M N 102*6 88* 95 O 106*6 106*6 Mar. 106*6 95 41 A ...... 1 Mar. 66 82*4 & 82 104 99 106*4 105*4 Sale A 260.000 5 90*4 Jan. 104 44*6 Sale ...Jan 15 1961 Debenture 5a 92*4 Mar. 101*4 Mar. Mar. 108 108 N Columbia Ac Hock Val lat ext g 4s '48 218.000 59~~ Sale 65*4 Mar. 23 92*4 Mar. 43*4 Mar. 31 82 65*4 Mar. 92*4 Mar. 43*4 Mar. 97 Mar. 70 108 103*4 Mar.~29 106 Jan. 20 110*4 Feb. 111*6 Feb. 17 M N M 58 105*4 Mar. 10 111*4 Mar. " 106*4 105*4 104*4 106 105*6 107 101*6 104 F 5 » M N A Feb. 26 108*6 Jan. 105*6 106 103*6 104*4 103 *4 Mar. 110*4 Mar. 110*4 111*4 110*6 Sale 110 104 109 J B guar...... 1973 1st 43*4 Sale 101*4 Sale 78" 5 109 75 104 "82" Sale 92*4 Sale Sale 66 100 107*4 Jan. 8 104*4 Jan. 5 Sale 104*4 J 1961 Clev Short Line lat gu 4 Ha ? -— _ 100 M N 86.000 Clev Union Term 1st gu 594a A.. 1972 132,000 101*4 J 46.000 Cleve Elec Ilium lat M 396 s 202.000 85*4 86*4 J Spring 9c Col Dlv lat g 4a 4,000 Sale 108 100*4 90*4 Sale l E......... 1977 ..1939 lat g 4a.. 1991 General 5s aerlea B Cairo Dlv lat gold 4s Cln W A M Dlv 18~66o M N 5a aeries C guar.... 1957 lat mtge guar 394* aerlea D....197I Clearfield 9c Mahoo 1st gtd g 5a. 1943 1st mtge g Mar. 30 108 Mar. 5 95*4 Mar. 31 98*4 Mar. 7 100 • Mar. 31 101*4 Mar. 17 101*4 Mar. 31 104*4 Mar. 14 106 3 109*4 Feb. 3 Jan. 12 98*6 Mar. 7 99*4 Jan. 3 101*4 Mar. 17 101*4 Mar. 31 104*4 Mar. 14 106 Jan. 29 108 95*4 Mar. 31 Commonwealth Edison Co— 71,000 37,006 28.600 35,000 276,000 1st mtge g 4948 series C......-1956 1st mtge g 4948 series D 1957 1st mtge g 4s series F.........1981 118,000 1st mtge 396s series H D A O J J M S —1965 Conn & Passum Rlvs 1st g 4a....1943 3H* debentures ♦ W uerttemberg 1st 7s 623.000 Consolidated Oil 195* deb 394*--1951 conv ....... 2,000 J D 1954 J J 1955 J J A O 18 J J ....I960 J J 52 AAcO 1955 ... a I .......1956 •Debenture 4s ♦Debenture 4s 46,000 ♦Consolidation Coal J 97*4 15*4 15*4 15*4 15*4 25,000 {♦Consolidated Ry deb 4s 3,000 ^Debenture 4s........... J Ac J f 5s Sale Sale Sale 113 113*4 108*6 111*4 Sale Sale Sale 106 Sale Sale 100 101*6 Sale 112*6 112*6 111*6 111*4 108*4 107*4 Mar. Mar. 109*4 Mar. 10956 Mar. 105 Mar. 105 Mar. 112 112 Mar. 8 Mar. 1 Mar. 9 Mar. 2 Mar. 17 Mar. 15 107*6 106*4 107*6 105*6 Sale 103*4 Sale 103 103*4 107*6 Sale .........1956 233.000 Consol Gas Co deb 494s 1951 Consol Hydro- Llec Works of Upper 1.000 Sale 114 107*4" Conn Ry 9c Lt lat g 494s 19M 3,000 Stamped guar 494s ........1951 26,000 Conn River Power a f 396a A..... 1961 238,000 Consol Edison (N Y) deb 396a... 1946 - 203.000 114 113 101 1953 1954 1st mtge g 5s series A 1st mtge g 5s series B. 31 Sale 21*4 27 Sale 107*4 107 104 Sale Sale 109 20 107*4 105*6 106 102*4 102*4 Sale 99*4 99*4 Sale 105*6 105*6 Sale 21*4 92*4 11*6 11*6 11*4 26 100*4 Sale 11 16 12 16*4 12 21 12 "IS" 58 45 46*4 Hi Hi¬ ll *6 41*6 20 Sale Mar. 1 107*6 Mar. 15 Mar. 30 107 50 Jan. 2 3 2 29 21*4 Mar. 29 31 100*4 Mar. 7 Mar. 5 30 16 30 11*4 Mar. 23 29 11*4 Mar. 29 41*6 Mar. 31 Feb. 24 113*4 Feb. 4 Feb. 10 113 Jan. 28 Feb. 2 Feb. 14 112 109*4 Mar. 31 112 109*6 Mar. 31 111*4 105 Mar. 31 108*1 104 Jan. 28 107*4 100*4 Jan. 12 101 Feb. 19 107* Jan. 5 107 Mar. 24 Mar. 31 104*4 Mar. Mar. 31 102*4 Mar. Mar. Mar. 31 108 Mar. Mar. Mar. Mar. Mar. 112 Mar. 4 Mar. 7 _ 26 107 Mar. 31 105*6 Feb. Mar. 31 103*4 Jan. 105*6 Mar. 31 108 20*4 92*4 11*6 11*6 Mar. 17 Mar. 15 Jan. 12 Feb. 19 Mar. 15 Mar. 24 Feb. Mar. Mar. Mar. 11*4 Mar. 11 21*4 31 100*4 30 17*6 30 16*6 31 15*4 Feb. 9 41*6 Mar. 31 Mar. 3 3 2 Jan. 10 Mar. 7 17 13 31 9 13 Jan. Jan. 11*4 Mar. 15*| Feb. 54 Jan. Consumers Power Co— 43.000 51,000 220.000 396*......1965 M N 1st Hen & unif mtge 394*-.....1965 M N 1st lien & unif mtge 197C 101.000 1st mtge 3Via 1966 36,000 Container Corp of Am 1st *f g 4a.1946 1st mtge 394* M N MN 106*4 Sale 103*6 Sale 101*4 Sale 98 H 103*2 100 107*6 Sale 106*6 Sale 104*4 105*6 '103*6 Sale 103*4 103*4 101*6 Sale 101*4 Sale j n 1943 J D 86 104,000 Crane Co a 1 deb 394*— 1951 33,000 Crown Cork 9c Seal a f 4a 1950 98,000 Crown Willamette Pap lat a t g 4a 1951 F A 100 MN 106 105*4 106 1 103*4 104 104*6 Sale 32.000 Deb gold 5a For footnotes, see page \ 30. J 105 88*4 Sale 102 103 87*6 89 101*4 102 96 83*4 106*6 Mar. 103 Mar. 101*6 Mar. 100 Mar. 100 |102 Mar. 86 83 Mar. 108 104*4 103*4 101*4 26,102*6 29 87*4 29 102*6 101 Sale 101 Mar. 103*4 102*4 Sale Sale 103 Mar. 29 106 Mar. 11 Mar. 21 Mar. 7 Mar. Mar. Mar. Mar. 102*4 Mar. 30 104*4 Mar. 14 105*4 102*6 101*4 99*6 Feb. Jan. Jan. Jan. 102 83 Mar. Feb. 99*6 Jan. 103 Mar. 102*4 Mar. 108 Mar. 7 Mar. 11 Mar. 21 Feb. 23 105 Jan. 13 91 Jan. 14 102*6 Mar. 7 106*6 Jan. 26 104* 103* 101? 104*4 Jan. 19 EXCHANGE—BONDS N. Y. STOCK iSales in ...1942 1952 59,000 Cub* RR l«t 50-yr g 5a 7%a series A extended to.. 1946 69,000 6a series B extended to.......1946 6,000 42,000 Dayton Pr 8c Lt 1st 5c ret 3%a... 1960 1943 177,000 Del At Hud 1st 5c ref 4a 1971 15,000 Delaware Pr 8c Lt 1st M 4%s 1st 5c ref 4^a 1969 10,000 1st mtge (told 4^a 1969 5,000 1951 48,000 Denver Gas 5c El 1st 5c ref 5s Stamped aa to Pa tax 20,000 1936 201,000 I ♦♦Den 5c Rio Gr 1st cons 5 4a ♦♦Conaol gold 4%s .1936 37,000 69,000 {♦Denv 5c R Gr West gen 5s Augl955 ♦Assented (subject to plan) 145,000 ♦Ref 8c Imp mtge 5s ser B 1979 95,000 {♦Dea Moines 5t Ft D 1st gu g 4S-.1935 Certificates of deposit65,000 {♦Dea Plain*- Val tat guar 4%a ..1947 D J Cuba Northern Ry« lit5H* 36% 38 % J J D J D A O 40 37 J J J J M M N N J J J J F A AO 3% 8% ... Detroit Edison 39,000 52,000 113,000 210,000 A .....1952 O Gen 5c ret 5* series B O Gen Ac ref mtge 4s series P.....1965 Gen & ref mtge 3% a series G..1966 M S 1995 J D 1995 J D 1,000 Detroit Term 8c Tunnel 1st gu 4% a '61 M N 1951 J D 28,000 Dow Chemical deb 3s J 20,000 {♦♦Dul So Shore Ac Atlantic g 5a. 1937 J J 136.000 Duquesne Light 1st M 3%s 1965 J ♦Detroit 5c £ack "¥,666 ♦Second 17,000 7.000 25,000 1st Hen g 4s gold 4a Eastern Ry M No Dlv 1st g O A 1948 4s Eastern Tenn Va 5c Ga 1st g 5s ._I95(> MN J Ed El 111 Bkn 1st con g 4a 1939 J Ed El 111 N Y 1st cons g 5s 1995 J J Electric Auto Lite conv deb 4s 324",005 39% 42 49% 37 Sale 46% Sale 46 40 Sale 1952 F A 112% 113% 108% 109 Sale 105 105% 17] 103 % 15 Sale Sale 3 4 15 80 3 %a set Series C 3%a 110 D 103 Sale J J ♦Genesee Rlv RR 1st s 103% 104 103% 70% Sale 34% Sale Sale 16 Sale Sale 10% 10% 10% o 56 O 60% M N A O J J 43 42% 10 Sale Sale 1938 M Sale 9% Sale 47% J 105 21 18 80 Sale 3% Mar. 1 59 92 Mar. Mar. 9 Mar. 2 Mar. 14 Mar. 2 Mar. 16 106% Jan. 70 Mar. 102% Feb. 131% Jan. 94% Mar. 107% Mar. 102% Feb. Mar. 10 Mar. 8 Mar. 3 2 16 J D 11,000 J 1946 57,000 Flat deb S f 7s 1,000 {♦Fla Cent 5c Peninsular 5s 194? J J 1959 t D 21,000 {♦Fla East Coast 1st 4%e ♦1st 5c ref 5s ser A .....1974 M S 309,000 ♦Certificates of deposit 93,000 ♦{♦Fonda Johns 5c Glov ref 4%a.I952 60 86 1 60 94% 95% 94 60 27 60 Sale 50 13 50 Sale 4 4% 3% 4% MN 17% 2% 9% 2% 17% MN 2% 2% 1% 1% 2% 4% 1% 2% 4% ♦Certificates of deposit 22,556 Fort St U D Co 1st g 4%a. 1941 j""j J f Pramerlc Ind 8c Dev 20-yr 7% a. 1942 J 19,000 Francisco Sugar coll trust 6s....1956 MN 110,000 Galv Hous Ac Hend 5%a A 105",666 Gas Ac Elec (Bergen Co) 5s 1949 Gen Amer Investors deb 5s ser A.1952 1947 1945 (Germany) 7o .......1940 ..... 1948 MN ♦S f deb g 4s 109 60 89% 117% 118 100% Sale 97 99% 38% 43% 1938 General Cable 1st sfg5H> A 104 38% 101 103 43 95 104 Sale 14 Mar 23 2 14 15% Mar. 15% Mar. Mar. 55% Mar. 99% Mar. 96% 97 44 42% 42% 42 61 Mar, 18 Mar, 29 101 95 Mar, 96 75 94 40 49 Mar. 4 59 Mar. 7 97 Mar. 19 92 Mar. 8 48 102% Sale ...1946 ..1951 10-year debenture 3s 15-year debenture 3%s 102 Sale 50 Sale 96 General Public Service deb 5%a.l939 132,666 Gen Steel Castings 1st 5%a w W..1949 J J {♦Ga 8c Ala 1st cons 5s....Oct. 1945 J J 12,000 7,000 Extended at 6% to July 1 1934 ♦Good Hope Steel Ac Iron see 7s.1945 A 92 Mar. 3 Mar. 23 100 Mar. 1 85 Mar, 26 Mar. 24 Mar, 30 94% Mar. 17 40 Mar, 17 Mar 29 57% Mar. 3 96 3% Mar 3% Mar 273,000 Goodrich (B F) Co conv deb 6s..l945 1st mtge 4%s 1956 168.000 603,000 Goodyear Tire Ac Rubber 1st 5s.. 1957 10,000 Gotham Silk Hosiery deb 5s w w.1946 J D ... M N M S D Grays Point Teem 1st gu g 5a ...1947 J F Gt Cons El Pow D 2% Mar. 71% J 70 229.000 1,621,000 Gen 4lis series .1977 Gen mtge 4s series G—....1946 Gen mtge 4s series H..........1946 45 45% 103" ""Mar .""I I05"'"siMaf."36 686.000 Gen mtge 3lis series I ..1967 306.000 4,000 ♦Green Bay & West deb ctfs A.. 26,000 9,000 Gulf Ac Ship Island ref 5s Mar. 1 7 60 Sale Sale 100 85 Mar. 30 102% Mar. 1 100 86 Mar. 30 97 Mar. 1 85 39 Mar. 24 44% Mar. 9 39 40 Mar. 29 42 Mar. 31 40 Mar. 24 Mar 29 39 Mar. 17 44% Mar. Jan. 39% 42 Sale 42 Sale Stamped Sale Sale Sale 85 84 96% Mar. 31 2 2 Mar. 5 Mar. 4 20 97 8 Feb. 19 20 15 1 11* Feb. 45 Feb. 21 Feb. 1 101% Mar. 31 103! Jan. 12 Mar. 31 103! 26 97! 57! Jan. 10 Mar. 31 Jan. 12 21 Feb. 1 Mar. 25 25 Jan. 12 45 101 4 77 Mar. 8 38 15 25% Jan. 13 78% Mar. 31 Mar. 14 28% Mar. 22 98 Jan. 11 84 Mar. 31 99% Jan. 19 101% Mar. 30 105% Feb. 24 74% Mar. 30 80 Jan. 4 106% Jan. 70 Mar. 31 65 Jan. 19 106% Jan. 13 76% 70 68% 70 65% Sale 64% Mar. 29 98% Sale 98% 91% 81% 71% Mar. Mar. Mar. Mar. 107% Mar. 98% Mar. 111% Jan. 103 96 Mar. 91 104 Jan. Mar. 81% Mar. 71% Mar. Jan. Sale 71 Mar. Sale 79% Mar. Sale 88% Mar. 100% Mar. 92% Mar. 99% 90% 89% 103% 107% Sale Sale Sale 100 Sale 90 Sale Sale 91% 84% 71 71 Sale 92% Sale 11* 76 J 79 Sale 81 Sale 64 Sale Feb 50 8 60 54 65 45 54 54 Mar. 7 7 Mar. 9% 105 8% 104% 9% 6% 104% ~90" 82 76% 59% Mar. Mar. 71% Mar. 18 87% Mar. 11* 83 103% Hackensack Water 1st 4s.—1952 107% Sale 108% Sale 61 46 118 58 37% 40 36 Mar. 19 8 71% Mar. 18 Jan. Jan. Jan. Jan. 3 3 10 11 5 10 10 82 Mar. 64 Mar. 55 Mar. 54 Mar. 60 Jan. 25 7 Mar. 10 Jan. 12 9% Mar. 10 Mar. 2 81 55 Mar. 29 75 Mar. 3 Jan. 20 81 Jan. 20 55 Mar. 29 82 Jan. 3 90% Jan. 91% Jan. 83 Mar. 85 Mar. 9 3 83% 101 Mar. 31 103% Mar. Sale 9 102% Mar. 24 103% Mar. 21 27 - 91 Jan. 6 92 Feb. 8 88 Jan. Jan. 7 7 83 100% Feb. Mar. 25 27 Mar. 25 Mar. 115% 115% Mar. 12 118 52 Mar. 30 58 Mar. 57% 37 Mar. 17 40 37% Mar. 1 1 7 Feb. 103% Mar. 9 14 103% Mar. 21 108 z27 Sale Sale Mar. 77 95 82 108% 20 18 Mar. 75 85 86 Jan. 79% Mar. 91 85 64% Mar. 29 71 75 Sale Sale 51% 17 10 11 80 Sale 84 91% Mar. 97% Mar. 1 101% Mar. 30 105 74% Mar. 30 80 75 64 118% 2% Mar. 71 Sale 1949 Jan. 73 Sale 87% 87% 84 Jan. Jan. 96% 103 30. 78% Mar. 31 Mar. 106 106% 101% For footnotes, see page Sale 101% Sale 74% 85 75 102% 103% 101 ♦Harpen Mining 6s 1 28% Mar. 22 Sale 1999 45,000 Hock Val 1st con g 4lis 11,000 Hoe (R) 8c Co 1st mtge..........1944 A O 8,000 {♦♦Housatonlc RR con g 5s.....1937 MN 51% Mar. Mar. 25 1961 20,000 Gulf States St'l 1st mtge 4 lis 116,000 Gull States Utilities 4s series C—1966 10-year debenture 4%a__ 1946 65,000 T.OOO Mar. 31 28 96 60% 60% 8 20% Feb. 25 38 35 107 103 1952 12 Mar. 17 Mar. 30 102% Jan. Mar. 30 Jan. 95% Jan. 93% Sale 78% Sale Sale Feb 1942 ..... Jan. 9 101% Mar. 31 103% Mar. 25 101 Mar. 31 103% Mar. 14 Sale Sale "82"" 8 17 1% Mar. 26 2 Feb. 26 1% Mar. 2 1% Feb. 10 103% Jan. 17 103% Jan. 17 103 Mar. 1 105 Mar .130 40 Mar. 25 49% Jan. 18 39 100 19 Sale Greenbrier Ry 1st gu g 4s 1940 MN Gulf Mob 8c Nor 1st 5 Mi* ser B...1950 A O 1st mtge gold 5s series C 1950 6 1 25 Mar. 95% Jan. 6$ 95% Mar. 25 98 Feb ♦Income debenture ctfs B Jan. 40 58 43 22 104 J 19 Mar. Mar. 29 Mar. 25 111% 88% 89% 102% 94% Jan. 100 Mar. 25 15 J J 97) Mar. 2% Mar. 28 J J Mar. 40 8 1% Mar. 22 1 % Mar. 2 14 J J 92) 49 2% Mar. Sale 85 20 Jan. 85 8 1% Mar. 26 1% Mar. 2 22 104% Jan. Jan. 97 Mar. 26 Mar. 4 50 106% 6 13 94 75 30 15 80 A (Japan) 7a....—1944 1st Ac gen a f g 6 V4s........ 1950 J Great Northern Ry— 1st Ac refund 4lis Ser A 1961 270,000 Gen mtge 5 %a Ser B..........1952 360,000 Gen mtge 5s Ser G...........1973 62.000 Gen 4lis Series D............ 1976 84,000 31.000 74,000 J Jan. 61J 102) 3% Mar. 3% Mar. 50 87 Gouv 5c Oswegatchie 1st 5s ...1942 J J Grand R Ac I ex 1st gu g 4%a 1941 85 101% Jan. Feb. Mar. 3 22 97% 104% 75% 3 3 3 Jan. 118 Sale Sale Sale .... 91 6 42% Jan. 91 Sale 91% Sale 94% Sale 103% Sale 3 Jan. 105 40 103% 103% 101% 102% Sale 101 99% 38 50% Sale 18 D 3 26 43 . 6% Mar. 5% Mar. 30 30 19% J Jan. 36% Jan. 21% Jan. Sale ♦{♦Georgia Carolina Ac Northern— J Jan. Jan. 51 Mar. Mar. Feb. 92% Ma. Mar. 19 General Motors Acceptance Corp— 245,000 142,000 3 11* 45 91 26 19 2 103% Feb. 16 21% Jan. 9% Mar. 9% Mar. 50 Mar. 48% Mar. 88% Mar. 104 10513ii Sale 45 118% 102 1% 2 12 Jan. 16 109% Mar. 1 Mar. Mar. .1982 Proof of claim filed by owner 29 Mar. 26 131% Jan. 31 101% Jan. Mar. 1! 92% Mar, 92% Mar, 99 ♦♦(Amended) 1st cons2-4a Jan. 27 108 Mar. 10 11 90% Jan. 10 16 103% Jan. 10 33% Mar. 2 62 Feb. 24 6 105 Mar. 8 102% Jan. 20 Mar. 18 23 Jan. 7 106 Jan. 28 108% Jan. 17 8 Mar. 93 95% — 37 2 Mar. 33 Mar. 21 109 28% Mar. 21% Mar. 20% Mar. 97 8 Sale 29 Jan. 30 104 53 59 M 98 17 25 3% Feb. 25 2 Mar. 15 Feb. 42 Mar. 21 25 95 93% 95% 84 95 4%a 5 11 5 31 Sale 92 101 Feb. 2 112% Jan. 27 113% Feb. Jan. 5 107% Jan. 27 109 5 109 Mar. 31 110% Jan. 104% Jan. 10 107% Feb. 23 5 26 97 62 101% 102 95% 97 7 24 Jan. Feb 3 Mar Mar. 24 Feb. 14 Feb. 5% Mar. 13 50 7 19 Jan. 10% Feb. 17 33% Mar 16 Mar 9% Mar. 9% Mar. 28 Jan. Mar. 37 88% Mar. 8 ♦General Elec 30 107% Mar. 48% Mar. 95 Proof of claim filed by owner Mar 105 Feb. Mar. 98 92 1942 30-year deb 4s series B........1954 30 113% Mar. 3 109 Mar. 31 110% Mar. 96%^ S f 4s stamped.... 112% Mar 108% Mar 109 Mar 16 8 Mar. 10 42 53%, 76% 71% S 5s International series......1942 M First Hen s f 5s stamped 1942 M 15.000 Mar. 24 107% 107% Mar. 14 108 80 75 70 Mar, 11 50 81% 70 3 102% 102% Mar. 102% 106% 102% 104 132 131% 94% Mar; 31 101% 100% Sale 94% Sale 107% Mar 16 109% 109% Sale 105 103 Mar, 25 103% 103 103 90% 79% 95% 95% 103% 102% 1947 M N §*3d mtge 4%a ♦Debenture 5% Mar. 3 2 33 Mar. Mar. 21 104 102% Mar. 30 105 Sale 22 20 Mar. 18 20% Sale 107% Mar. 26 108% 51 Ernesto Breda Co 1st mtge 7s.... 1954 F A Fairbanks Morse deb 4s.........1956 J D Federal Lt ft Tr 1st s f 5a 1942 M 8 5,000 8,000 4 Mar. 7 2 30 53 1957 J f 4s ♦N Y 5c Erie RR ext 1st 4s 92,000' Mar. 9% Mar. 15 4% Mar. 104 J 1953 A 4s Series D 1927 ..1967 ♦Ref 8c Imp 5s ser 1930 ....1975 ♦Erie 5t Jersey 1st a f 4s......1955 12,000 2,000 4 37 o ♦Ref 5c Impt gold 5s ser 1,000 1 107 89% 95% 103% 106% 131% 98% Sale J Erie 5c Plttsb gen gu g s 1 5 6 4% Mar. 103 40 110 107% 21% Sale 109 J 112% 113% 112% Sale 108% Sale 108% 109 Sale 109% 110% 109 106% 107% 104% 105% 107% Sale 170,000 {♦Erie RR 1st con 5c prior lien 4s 1996 ♦let consol gen Hen 4s 204,000 1996 ♦Conv £ 4s Ser A 140,000 ....1953 ♦Series B. 1953 56,000 1st lien Mar. Mar. 7% Mar. 13 Mar. 80 10 102% 102% 105 22 15 23% Sale 108 107% 98 20*000 108% 14% Mar. 19 8% Mar. 10 106% Feb. 107% Jan. 8% Mar. Mar. 15 107% Mar. "16"" 103% 107% 108% 108% Jan. 106 108 Mar. 107 9 Mar. 22 9 54% Feb. 108% Mar. 18 106% Jan. 103 Jan. 7 106% Mar. 28 107 % Mar. Feb. 52 Mar. 28 9 8 7 108 105% Feb. Mar. 22 Mar. 31 108 1 28 Mar. 31 50% Mar. 108% Mar. 18 108% Mar. 18 Mar. 17 103% Mar. Sale 3% 33 96% "isT, 555 107% 107% 4 Jan. 39% Mar. 29 44% Mar. 25 39% Mar. 29 106 33 O 101,000 25,000 5,000 45,000 38% 9% 55 O 858,000 21,000 4,000 23,000 34 41 43 Feb. 54% Feb. 58% Feb. 31 Mar. 28 52 Sale Prices Sale Prices Mar. 26 31% Mar. 31 1 1 37% Mar. 46% Mar. Mar. 30 43 44 7 Sale 70 108% 110 Sale 103 1965 5s stamped 949",555 Mar. 26 31% Mar. 31 4% 4% 4% 5% Sale 38 1965 B.1940 1940 El Paso At S W 1st 5c ref 5s conv 40 107 Sale 107% 108 UM Sale 14% 7H Sale 38 M N 1941 12,000 Elgin Jol 8c East 1st g 5s 28,000 El Paso Nat Gas 4^1 series A....1951 ♦Gen 52% 48% 107 4% 40 Sale Prices 31 31% Sale 31% Sale Sale 107% 107% 106 Sale 28 50% Sale 108 108% 103% 103% 107 Highest Sale Prices Ask Highest Lowest — 4)jii8flesD........1961 Gen & ret Bid 51% Sale 106% Sale 103 104% 106 106% 107% 107 % 12% Sale 15 12% 7 5% 7 5% 9% 8% M N J 107 % Ask Bid Ask 50 Lowest Mar. 31 Mar. 1 1938 Bid 145,000 1 Jan. 3 STOCK EXCHANGE Value RANGE SINCE JAN. PRICES IN MARCH Price BONDS Match Jan. 18 108% Feb. 27 115 Mar. 25 102 1 52 27 Mar. 25 31 119% Jan. 14 Mar. 30 60 Jan. 6 37 Jan. Jan. 26 38% Feb. 17 April, 1938] Sales in N. Y. STOCK RANCE SINCE JAN. PRICES IN MARCH Price March . EXCHANGE—BONOS BONDS M. Y. STOCE EXCHANGE 1938 1 Jan. 3 Value $ 112.000 Houston Oil sink fund 514s A... 892,000 Hudson Coal 1st s f 5s series A-. 25,000 Hudson County Gas 1st 5s...... 257,000 Hudson 5c Manhat 1st 5c raf 5s A. a Adjust in com* 5s 518,000 ..Fab 76,000 Illinois Bell Telep 3Hs set B.._. 10,000 Illinois Central 1st ft «s.......... 1st gold 3H< Extended 1st 5 314s 1st Hold 3s sterling 67,000 81,000 112",000 25,000 602,000 5,000 ...... Bid 1940 MN 1942 i D 1949 MN 1957 F A 1957 A O A O 1970| 1951 J 1951 J J J 1951 A O 1951 M P Collateral trust gold 4a...... 1453 A O Refunding 4s................. 1955 MN I 1952 J Purchased lines 1st 314s Coll tr g 4s................... 1953 MN Refunding 5s................ 1955 MN 194* F ... A lew 44-year 414 s Cairo Bridge gold 4a...... r Litchfield Dl? 1st g 3a........ 1951 Louis? Di? 51c Tor g 314s...... 1953 J Omaha Dl? 1st g 3s.......... 1951 F St Lou Dl? 5k Term g 3a 1951 J Gold 3 Ha ,1951 J ... Western Lines lev g 4s ... Ask Sale 3054 Sale 120 12154 54 5254 1854 Sale 10754 10854 98 93 93 54"" 103 99 99 93 Sale 4754 Sale 6254 "44" 55 Sale Sale 3554 Sale 10354 J A 82 80 80 J Bid 65 J J 1951 F 80 A Mar. 31 Ask Bid Ask 10054 10154 9954 Sale 16 Sale 2254 Sale 12054 12054 Sale 40 Sale 5354 Sale ----- 20 109 9154 Sale Sale 12 Sale 9254 46 85 91 7754 7754 Lowest Highest Highest Sale Prices Sale Prices Sale Prices Sale Prices 9954 Mar. 23 10154 13 Mar. 5 2254 11954 Mar. 12 12054 40 Mar. 31 5354 21 1154 Mar. 31 10754 Mar. 22 109 Z9154 Mar. 1 9154 Mar. 2 Mar. 1 Mar. 26 Mar. 2 Mar. Mar. 2 1 Mar. 1 85 Sale 35 5354 3954 Sale ..... 5154 55 3654 Sale ! 9854 5954 8154 7954 , ..._. 9954 Jan. 13 Mar. 11954 Feb. 31 4 10154 Feb. 25 3054 Jan. 3 5 12054 Jan. 10 4 Mar. 31 56 Jan. 17 Jan. 17 Feb. Jan. Jan. 10 17 12 54 - Jan. 4954 Jan. 3 17 1154 Mar. 31 2354 10654 Jan. 27 109 9154 Mar. 1 98 88 Jan. 7 9354 95 93 38 3754 Mar ."30 47"" Mar. Mar. 30 47 Mar. 3 1 3754 Mar. 30 35 35 Mar. 30 32 40 54 23 78 Mar. 25 4054 Mar. 2 32 Mar. 25 "45 H Jan? "II Mar. 31 51 Mar. 3 37 54 Mar. 1 7954 Mar. 14 4054 Mar. 31 Mar. 29 Mar. 29 5554 Jan. 17 3854 Feb. 25 7954 Mar. 14 33 50 Sale 4054 2454 Sale Sale ..... 76 63 84 Mar. 29 Jan. 21 73 Jan. 4 29 Mar. 31 4654 Jan. 8 28 6954 78 Mar. 30 42 Jan. 8 "72"" JanT'21 7454 7254 7954 Mar. 29 80 7454 7654 23 72 8154 6954 80 ..... Lowest 40 51 47 Sale 10754 108 ::::: *93"" 75 J 1951 1 Sprlngf Dl? 1st g 314s.. 108 Mar. 1 90 90 80 "50"" 75 Jan. 4 111 Cent ft Chic St L ft N O— 442,000 132,000 77,000 4,000 150,000 1,836,000 23,000 296,000 664,000 72,000 134,000 Joint 1st ft raf 5s ser 44 1963 1940 1944 Ind 111 ft la 1st gold 4s 1950 l+Indlanapol ft Louis? 1st gu 4a 1956 Indianapolis Union Ry— Ref ft lmpt mtge 354* ser B 1986 Inland Steel 354s series D.......1961 .... Interlake Iron Int Agrl Corp ... 1932 1932 1st ft coll ctf M 8 F A J AO M S - O 10054 10454 Sale 49 Sale 1654 Sale 4654 55 4954 Sale 72 Sale Stamped extended to.......1942 M N 106.000 128,000 16,000 t'Internet Gt Nor 1st 6s A 1952 •Ad| mtge 4a series A.Joly 1 195; J o ♦1st mtge gold 5a series B .1956 ♦1st gold 5a series C. ........1954 Internet Hydro El deb 4s 1944 J 53,000 1955 F Deb gold 5s tlowa Central Ry— •1st ft ref 4s 10054 10054 17 M *6854 5354 8654 Sale 70 8054 86 95 Sale 89 81,000 30,000 33,000 217,000 200,000 61,000 1,000 1,000 5,000 42",000 Kanawha ft Mich 1st gu g 4a 1990 A O A O t**K C Ft 8 ft M ref g 4a 1934 ♦Ctfs of dep (Bankers Trust)...... I960 AO Kan City South 1st g 3s.. Ref ft Imp 5s. AprlU95S J J 3 Kan City Term 1st 4s 1940 i Kansas Gas ft El ist mtge 454S..1980 J D ♦Karstadt (R) Inc 1st Mtge 4s...1943 MN ♦Ctfs ♦Ctfs atpd (par $645) stpd (par $925) w w w w 1943 MN 1943 ♦With warrants (par $925) ....1943 Keith Corp (B F) 1st ser g 4s 194* Mi J 19*1 J 254 175,000 50,000 123,000 29,000 23,000 1,000 3 79 97 Sale 91 J 27 34 Sale 6954 70 5854 62 10854 1 " 10554 105 37 1454 4754 1654 23 8254 ..... 8554 Kresge Foundation coll trust 4s. 1945 J 354* collateral trust notes....1947 F tKreuger ft Toll class A Uniform ctfs of deposit.__1959 M J A S 18 19 10654 Jan. Mar. 18 87 Jan? 1254 Jan. 90 20 102 4354 4254 10 Sale Sale Sale 1054 13 Mar. 18 13 Mar, 31 106 4254 Mar. 30 5654 5354 4254 Mar. 31 193 10 Mar. 30 102 17 3 90 Feb. 21 Mar. 10 Mar. 15 Mar. 22 1354 Jan. 20 10054 Jan. 25 102 106 Mar. Mar. 10 4254 Mar. 4254 Mar. 5654 Mar. 15 5354 Mar. 22 Jan. 13 5 10 Mar. 23 58 Mar. 14 40 Mar 5354 Feb. 28 56 Mar. 4 40 Mar. 56 Mar. 80 Mar. 1 68 Mar. 81 Feb. 3 10054 Mar. 1 100 40 Sale 40 Sale 40 Sale Sale 68 10054 Sale 100 Sale 100 Sale 13 Sale 13 Mar. 25 3 Sale 3 Mar. 30 Mar. 25 80 4 107 h Feb. 24 10014 Jan. ..... 40 68 5354 Sale 5354 "48 " 5 1854 1854 Sale 1154 1154 4854 1854 14 Sale Sale 37 Sale 8654 Sale 7854 Sale 8054 Sale 78 94 5754 Sale Sale 62 254 Sale 3 8154 54 Sale 77 Sale 80 39 54 75 42 54 154 61 9354 7054 94 85 Sale Mar. 31 Mar. 31 Mar. 31 Mar. Mar. 19 10054 Mar. Mar. 25 3 Mar. 30 1454 Mar. 25 Mar. 25 48K Mar. 3i (Vlar 31 Mar. Mar. Mar. Mar. 71 Mar. 4854 Mar. 31 51 Mar. 81 Mar. 28 87 Mar. 37 81 54 Mar. 31 Mar. 31 7854 Mar. 8054 Mar. Mar. 25 90 It* . 77 82 3954 Mar. 31 14 54 77 82 Mar. Sale 75 4254 Mar. 31 154 Mar; 26 254 Mar. 4 Mar. 3 59 9354 Mar. 3 Mar. 31 Mar. 25 Mar. 31 Mar. 28 Mar. 31 Mar. 31 Mar. 25 3954 Mar. 31 Sale 254 Jan. 13 1954 454 1554 1554 5854 Mar. 8854 Mar. 6354 Mar. 56 9054 75 Mar. 31 4254 Mar. 31 2854 27 69 10754 15154 75 2954 2754 Sale 2254 10454 98 101 10054 101 9854 99 8554 8654 28 2854 88 Sale Mar. 26 9054 Mar. 31 24 4 24 1 1954 Feb. 11 554 Jan. 10 19 Jan. 19 Jan. 8 8 7254 Jan. 12 51 Mar. 3 9454 Jan. 8354 Jan. 8 18 Jan. Jan. 26 7 5954 Jan. 14 Jan. 6354 Jan. 14 82 94 90 14 Jan. 5 9054 Mar. 31 7854 Jan. 9854 Jan. 17 12 90 154 Mar. 26 3 61 E8~~ 6454 Mar. Mar. 65 Mar. 23 Sale 6454 4454 4454 Mar. 10754 Sale 10354 Sale 10354 Mar. 106 10654 105 10554 10454 Mar. 37 40 Mar. m* 37 22 19 Mar. 1754 27 1754 23 23 30 2354 Mar. 25 8154 Mar. 15 23 Mar. 30 2954 Feb. 10 w* 69 Mar. 2 21 Mar. 21 Mar. 1 6454 Mar. Mar. 108 2 Mar. 2 Jan. 13 Mar. 2 Mar. 2 Mar. 106 107 40 Mar." 5 40 19 Mar.' 5 1454 Jan. 10 2354 Mar. 12 2454 Mar. 24 4954 49 17 4 28 Feb. 16 2054 Feb. 24 Mar. 24 Jan. 17 27 Feb. 87 Mar. 3 10854 Jan. 8 3 9954 95 95 Mar. 21 95 Mar. 21 76 97 Mar. Mar. Sale 90 98 98 8754 —2754 88 Sale 80 49 Sale 52 47 62 41 41 85 Sale Sale 4354 4754 96 Mar. 8754 Mar. 2754 Mar. 28 95 153 ..... 3054 87 Jan. 8154 Mar. 31 Jan. 41 95 9954 15254 80 71 78 I 7354 Mar. 9854 9254 9654 Mar. 101 9954 10354 10154 Mar. 98 98 Mar. 9954 98 9854 10254 Sale 10154 Sale 101 Mar. 60 58 8 10854 Jan. 75 9154 Mar. 5 95 9754 100 87 107 96 ..... 8154 Mar. 31 24 2754 65 Mar. 21 7154 4454 Mar. 30 6454 10354 Mar. 28 10854 104 Jan. 24 10654 27 Sale Feb. 24 Feb. 29 25 8354 "90"" Mar. 26 90 21 Sale 152 8354 108 Sale 59 84 95 5754 Sale 4954 5354 4954 62 Collateral trust 4s series B....1942 454 1554 1554 6554 98 57 1953 Col ft ref g 554* set D....... 19*0 Coll tr 6s series A ....1942 19 .... 85 Laclede Cas Lt ref ext 5a........1939 554* series G 10854 Sale 9854 J Purchase money 4s..... ...1997 A O Kings Co Ele?ated 1st g 4s.... .1949 F A J J Kings Co Lighting 1st raf 5s 1954 1st ft ref 454s .1954 J J J D Kinney (G R) 554* extended to..1941 Koppers Co 4s series A ...1951 MN Coll ft ref 9954 10554 Sale 5254 Sale 4154 Mar. 36 Mar. 100 ..... 78 25 J Plain ♦5s 90 20 Mar. 31 Mar. 30 ' J 454s unguaranteed...........19*1 J Kings County Elec Lt & Pow— 48,000 2,000 1,000 1,000 170,000 117,000 36,000 Sale 27 Kentucky Central 1st gu 4a 1987 J Kentucky ft Ind Term 1st 454*-. 1961 J Stamped 1941 J 1,000 13 Sale 61 8 James Franklin ft Clear! 1st 4s.. 1959 J D Jones ft Laugblln St'11st M 4J4a. 1961 M S Sale "5754 I 8,000 150,000 17 Sale 42 A 1951 Sale 554 Sale 28 1654 J o 485,000 70,000 Int Merc Marine 1st s f 4s 1941 71,000 Intern Paper con? 6s series A...1947 120,000 Refunding 4s series A........1955 M 8 22,000 Int Rys of Cent Amer 1st 5s B 1972 MN P A First lien ft ref 4Hs.. 10,000 1947 337,000 Internet T ft T deb g 454s 1952 J J J Conrertlble debenture 454s...1939 J 743,000 564,000 78 29 28 10654 Mar. 28 10754 Mar. 11 5a— 41,000 15.000 41 Sale 2954 Sale Sale 3354 4054 28 10754 10754 10654 Sale 102 9654 1254 Sale deb 4s......1947 A con? Sale a!0654 Sale tlnterboro R T 1st ft ref 5s 1944 I 'Certificates of deposit....... "19-year 4% notes. •♦lt-year 7% notes...... ♦Certificates of deposit Sale 39 1943 A... 4Hs series C Illinois Steel deben 4 J4a Ind Bloomlngton ft W 1st 4s 9 2 10154 Mar. 24 98 Mar. 30 10354 Mar. 7 10054 Mar. 5 9254 Mar. 8 3054 Mar. 4 71 Mar. 21 Feb. Jan. 95 15 155 31 78 Mar. 21 Feb. 23 Jan. 8654 Jan. 4 9254 Mar. 3154 Jan. 25 12 13 12 17 88 Mar. 2 85 Mar. 4 48 Mar. 31 9054 Jan. 6154 Jan. 60 Mar. 4 47 Mar. 31 60 4254 Mar. 30 52 Mar. 5 4254 Mar. 30 Mar. 29 44 Mar. 29 47 Mar. 17 Mar. 31 Mar. 31 Jan. 6 44 Mar. 29 89 44 8 2754 Mar. 28 61 85 48 11 9 10054 Jan. 6 101 * Feb. 10 10354 Jan. 17 Mar. 30 98 Mar. 30 98 5 10354 Mar. 10054 Jan. 7 96 Mar. 29 10054 Jan. 14 9654 Mar. Jan. Jan. 5354 Jan. 44 Mar. 29 Lake Erie & Western RR— 5s 1937 extended at 2d gold 5s 52,000 240,000 20,000 3,000 45,000 40",000 13,000 8,000 12,000 5,000 59,000 556,000 130,000 89,000 13",665 27,000 102,000 177,000 273~665 48,000 "9", 000 5,000 19,000 34,000 80,000 54,000 218,000 91 3% to..... 1947 9554 .1941 Lake Shore ft Mich Sou g 354* Laiitaro Nitrate Co Ltd— 102 1997 3 65 94 1945 M S 1944 F A ...1954 F A Lehigh ft N Y 1st gu g 4s Lehigh Valley Coal 5a 1st ft refunding 5s...... 1st ft refunding 5s.... 6654 Sale 31 F ...1944 F First ft ref sinking fund 6s 1974 Leh Vail Harbor Term 1st 5s 1954 F J A 22 35 A 62 Sale 2954 3154 Sale Sale 1944 A O 1951 F A debs...1947 J D Little Miami gen 4s series A 1942 MN Loew's Inc s f deb 354*-...——.1944 F A Lombard Blee 7s series A........1952 J D Long Dock Co 354s ext to.—...1954 A O Long Island gen g 4s.........—1938 J D Unified gold 4s 1949 M 8 Guar ref gold 4s..... ..1949 M* ... ............1949 M S Co deb fs 1944 A O 4s stamped.. 1951 F A Louisiana ft Ark 1st 6s aeries A..1949 J 3 5a For footnotes, see page 30. 5654 124 Sale 10454 106 10754 11054 9654 Sale 64 ~QQ 10054 8354 8554 84 127 120 72 87 8654 30 2454 Mar. 31 4854 Mar. 31 Mar. 2654 Mar. 22 Mar. Mar. 36 Mar. 23 2654 Mar. 12 30 Mar. 22 Mar. 22 2754 Mar. 5054 Mar. 22 Mar. 22 36 Mar. 23 50 Mar. 36 Mar. 22 24 Mar. 1154 Mar. 31 Mar. 13 48 85 Sale 88 4454 96 42 2154 2454 40 3754 Sale Sale 17 31 28 1254 Sale 13 Sale 1854 Sale 5954 41 115 11354 124 Mar. 30 94 22 36 36 Mar. Mar. Mar. 1154 Mar. 13 Mar. 17 115" Mar. 1 5 IVi Mar. Mar. 11 11554 Mar. 11 Mar. 22 130 Mar. 11 12954 13054 129 13054 129 123 124 12154 Mar. 25 123 54 Mar. 5 12154 127 99 Mar 31 10554 ^.ar. 3 99 Sale 10554 Sale . 9854 6054 Sale 62 73 100 56 8554 87 86 129 12954 122 117 Sale Mar. 3 Mar. 16 Mar. 18 Mar. 15 Sale Sale 2354 Sale 2354 2554 101 "86"" 3154 5854 5654 9354 2454 48 54 9454 2554 7754 9454 Sale 5554 Sale .; 73 9454 Mar. 5554 Mar. 10054 Mar. 87 Mar. 80 Mar. 89 83 Mar. 8854 ::::: Sale 12654 Mar. 12754 Sale Sale 116 11754 11654 Mar. 64 Mar. Sale 64 Sale 100 "87- B* Jan. 2454 Mar. 4854 Mar. 48 Mar. 85 Mar. 32 54 65 58 9954 Sale 3554 32 2754 2754 Sale 50 5654 93 9054 Jan. 13 9554 Jan. 27 102 Jan. Mar. 94 3 22 99 Sale ..... 13054 132 9554 Jan. 9154 94 9454 4454 48 50 3854 Sale 8454 11754 124 80 99 6254 40 Sale ..... 6s 80 95 31 Ry 1st go g 6s.....1941 Las ft East 1st gu 5s.... 1945 A O Liggett ft Myers Tobacco 7s W* 73 A J Leh V (N Y) 1st gu g 454* 1944 Leh Val (Pa) gen con g 4s ......3443 M N Gen cons 454s... .......3443 M N Gen con sol 6s 2443 M N A O Leh Vail Tor Lorillard (P) 9354 J Lehigh & New Eng RR 4s A con? 9954 Sale 1965 A O Dec 31 9175 Lehigh Coal ft Na? 454* set A...1954 Cons sink fund 454* ser G.....1954 Liquid Carbonic 4s 89 2954 7054 ♦1st mtge income reg ... 95 9854 Mar. 6254 Mar. 1005f, Mar. 87 8754 8854 12954 11854 7754 Mar. Mar. Mar. Mar. Mar. Mar. 10 Jan. Jan. Jan. 17 Mar. 31 71 65 85 Mar. 30 95 66 Jan. 17 3 3254 Jan. 48 3 4 13 7 12 9954 Feb. 28 45 Jan. 12 Jan. 10 11 3 6054 Feb. 23 Jan. 7 Jan. 32 3 Jan. 12 40 40 62 Jan. 7 118 Mar. 31 Mar. 29 Jan. Jan. 4 Jan. Mar. 22 131 Jan. 12154 Mar. 25 126 99 Mar. 31 10654 Jan. 5 19 9954 Jan. 6354 Jan. 19 18 Jan. 4 11354 Feb. 129 9454 Mar. 31 5554 Mar. 31 75 Jan. 12 90 11 17 Mar. 10 8854 Jan. 12 10054 Mar. 28 10054 Jan. 85 80 Feb. 14 Mar. 28 Mar. 22 87 83 8854 Mar. 2 1 12654 Mar. 28 12954 Mar. 4 12254 Jan. 17 11554 Feb. 26 7954 Feb. 26 6054 Jan. 26 N. Y. STOCK EXCHANGE-BONDS Sales in March N. EXCHANGE STOC 7. Louisville Gas & Elec 31966 M S 42,000 l ou 1945 M & Jeff Bridge gu g 4s 8 1 Jan. 3 if 1938 Mar. 1 Lowest Mar. 31 j 103% 104 106% Sale Sale Prices Ask Sale Prices Mar. 2 102% Sale 102% Mar. 31 104 104% 105 Mar. 26 107% Mar. 4 103 100% Sale Ask Sale 1031 106 J Bid Highest Lowest Highest 109% Bid A 0,000 RANGE SINCE JAN. PRICES IN MARCH Price BONDS Value Ask Bid Sale Prices Sale Prices 26 102% Feb. 105 Feb. i 104 Feb. 99% Mar. 105 Jan. 3 Mar. 102 Jan. 6 28 107% Mar. 4 Louisville & Nashville RR— Unified gold 4s. 1940 106 Sale 1st Ac ref 5s series B 715,000 38,000 121,000 58,000 2003 100 H 93 Sale 1st At rsf 4Hs aeries C___ 1st Ac ref 4s 87,000 ser ...2003 2003 D 1st At ref 3%i series $8 77% E.........2003 St Louib Div 2d gold 3s Mob At Montg 1st g 4 Vis 8,000 25,000 18,000 1,000 1980 1945 1952 1955 South Ry Joint Monon 4s... Atl Knox Ac Gin div g 4s Lower Austrian Hydro-EltciHi. J 112" J 20-yr 48 87% 80% M N nv~ A 80% Sale 111% 77 VI \ 99 99 J D 89 J D 55 A O 40 82 106% 113 98 M N 79% Sale 79 70 Sale 75 89 85 99% 90 99% Sale 93% Sale Sale 86 55 45 44 40 218,000 {♦Manhattan Ry (N V) con g 4s..1990 ♦Certificates of deposit....... 117,000 ♦2d 4s 2013 7,000 10,000 Manila El Ry At Lt 1st 5s 1953 9,000 Manila RR South Lines 1st 4s...1939 1st ext 4s 1959 1,000 42% 23% 25 "29" 22 % A Sale 28J 40 J M D Mead 82,000 Metropolitan Edison 4 H* ser D..1968 M 24,000 Met Water, Sewer Ac Drain 5%«..1<>50 A 14,000 ♦{♦Met West Side Blev (Chic) 4s. 1938 F ♦4s (Sept 1914 coupon 3,000 ♦Mlag Mill Mach 1st s 108 Sale O 101 102% 6 A 5% on).....1977 M iH 2 S % 1956 J D f g 7s *31*" 2 92 79% Mar. Mar. 1 4 Mar. 77 70 82 5 Mar. a90 993 933 Ill 4 107% Mar. 5 74% Feb. 106% Jan. Mar. 7 o90 Mar. 31 101] Mar. 31 1001 86 Mar. 11 Mar. 18 Mar. 8 2 Mar. Jan. 98 Mar. 25 51 Mar. 11 Mar. 18 40 Mar. 3 Mar. 80 45 35 Mar. Mar. 29 20 Sale 17% Mar. 31 Sale 17 10 Mar. 31 Mar. 25 28% Mar. 15 32% Mar. 30% Mar. 5 5 Jan. 70 85 70 65 75 70 Mar. 29 72 93 70 88 Mar. 16 91 Mar. 29 Mar. 24 70 Mar. 18 70 Mar. 18 Mar. 25 4 Jan. 41% 28% 32% 31% Feb. 6 10 Mar. 15 13 13 Jan. Jan. 14 Mar. 18 72 Mar 91 Mar. 24 70 Mar. Mar. Jan. Jan. 10 90 Jan. 45 17% Mar. 17 Mar. Mar. 18 99 55 Mar. Feb. Mar. 20 14 6 5 101% Feb. 25 100% Mar. 8 91% Jan. 13 99% Mar. 93% Mar. 80 45 Jan. Mar. 107% Jan. 12 1 80% Mar. Jan. 3 112 Jan. 11 80 6 111% Jan. 98% Feb. 17 Feb. 78 8 Mar. 80 90 Jan. . 29 24 25 87 85 Mar. Mar. 30 82 Mar. Mar. Mar. 17 80 90 82 Mar. 70 111% Mar. Mar. Mar. 13 "70" 77 Feb. 105% Jan, 18 30 25 8 1977 M S ♦Mex Internat 1st 4s asstd 70 66% 76% 84% Sale 98 98% 1945 M N Corp 6s with warrants 72 88 25 Marlon Steam Shovel 74,000 99 90 80 72 85 70 3 41 12' 12% 8 M N M N J {♦Man G B At NW 1st gu 3%a...l<>41 J s f g 6s 1947 A C 24,000 Market Street Ry 1st 7e Apr 1940 Q J 14*666 Sale 45 21% Sale 0 Mar. 98 35 60 40 84 87% 57 48 91% 2 93% Mar. 87% Mar. Mar. 92 80 Sale 111% Ill 76% 76% Sale 106% 106% Sale 100% 101% 100 103% Mar. 79% Mar. 80 93 Sale 99% Mar. 105 Feb 1 1957 MN f 8 Sale 107 Sale 84% ♦Certificates of deposit 89*666 90 80% 90 Sale 93 *96"" M S 1944 F 43,000 McCrorv Stores Corp s f deb 5s_.1951 225,000 McKesson A Robblns deb 5 Us 1950 13,000 Maine Central RR 4s series A....1945 Gen mtge 4 J^s series A 34,000 1960 3,000 ♦{♦Manutt Sugar 1st s f 7 hi* 1942 97% 107 % Paducah & Mem Div 4s.......194(> "4", 660 Sale 90 65% Sale 86% Sale 65 Mar. 26 70 86 Mar. 21 Sale 94 Mar. 31 100 88% Mar. 25 Mar. 3 94 99% Sale 108% Sale 103% 107% 107% Mar. 29 109 100% Mar. 31 102% 102% 104 100% Sale 6% 5% Mar. 30 6% 6% 5% Sale 5% 1% 5% 2% 24 Mar. 14 24 20 Mar. 4 Mar. 14 Mar. 4 Mar. 26 90 Jan. 3 97 Jan. 31 100 65 84 94 Feb. 16 Feb. 10 Feb. 28 107% Mar. 29 109 Mar. 4 100% Mar. 31 103% Feb. 8 5% Jan. 21 6% Feb. 18 - 20 Mar. 14 Mar. 14 24 24 Mar. 14 Michigan Central-Detroit Ac Bay City Air Line 4s Jack L Ac S gold 3%a 1st gold 3 119,000 1940 J 1952 M N 1951 1979 J Ref fit Imp 4%s series C "*8*666 M {♦Midland of N J 1st ext 5s 103 J IV 1940 100% Sale 99 Con ext 4%s 3*1*666 47,000 113*666 1949 M ♦ist Ac refund gold 4s ♦Ref At ext series 5s A 8 Sale l!i '10% cons 5s 1938 6% ♦Ist cons 58 gtd as to int...1938 12% {M St P Ac S S M 9 7 St Chic Term s f 4s 1941 18% Mar. 11 Mar. 2 97% Mar. 31 100% Mar. 2 98% Mar. 30 101 12 5 3 Mar. 15 77 Mar. 15 60 Jan. 14* Mar. 25 *19 Mar. 10 14 3 2% 7% Sale 6% Mar. 2 2% Mar. 16 4 Mar. 31 Mar. 26 Jan. 31 3 Mar. 31 Mar. 26 Jan. 10 Jan. 13 4 Jan. Jan. 12 Jan. 11 Jan. 19 77 Mar. 15 4 60 Jan. Mar. 25 20 Feb. 23 4 Jan. 11 4 Feb. 16 Mar. 6% Mar. 2 4 Mar. 7 69 Mar. 5 28% Mar. 8 25 Mar. 26 34% Jan. 64% Mar. 3 48 Mar. 31 67 28% Mar. 31 47% Mar. 2 3 28% Mar. 31 28 Mar. 29 35 Jan. 25 10 Mar. 31 48% Feb. 24 42% Feb. 24 45 Feb. 26 23% Jan. 12 Mar. 31 Mar. 11 Mar. 31 25% Feb. 26 23 Feb. 26 8 Jan. 10 25% Feb. 25 23 Feb. 26 25% Feb. 26 23 Feb. 26 6% Jan. 11 25% Feb. 26 25 25 Mar. 26 Sale 48 Mar. 31 4% 71% 31 28 30 30 30 10 3 8 Mar. Mar. Mar. Mar. Mar. Mar. 13% "13% Mar.""9 6% Feb. 28 3% Feb. 7% Mar. 5% Mar. 7% Mar. 3% Mar. 2% Mar. 60% Jan. 7% 5% 7% 3% 2% 60% Sale 2 3 % 8 67 77 Mar. 17 1% 6% Mar. Jan. Feb. Mar. Mar. 77 Sale 4 3 Sale 31 28 30 30 30 30 8 13 Mar. 14 8% Feb. 17 14% Feb. 18 6% Mar. 2 5% Jan. 3 69 Mar. 5 MN A.. 1959 J J 34 47 28 39% 18% 19®o J D 67 68% 62 66 48 .......1962 i J ser 16% Mar. 16 29 103 20 89% 3 19% 30 102 31 101% 93% 87% 15% 98% 97% Term Cent 21,000 {♦Missouri-Illinois RR 6s 87,000 Mo Kan At Tex 1st g 4s 96% Mar. 15 50 14 3 66 , 93% Mar. 29 ..... 6% *13*" 5% Sale 60 IV 55 2% a?* Sale 3 1978 Ac US 6 Sale 1949 15-year g 5Hs.. ♦1st ref 5 Hi series B_ *51*" v Sale 1946 ♦ 95 60 2% ♦1st ♦1st At ref 6s series A 77 83 55 19*2 {♦M St P At S S M 4s atpd guar... 1938 38,000 47,000 35,000 23,000 102,000 75 tm 1939 At N W 1st gu 4s 1947 M 8 J {♦Milw Ac State Line 1st guar 3%*1941 I {♦Minn Ac St Louis 5s ctfs ...1934 MN 19,000 {♦Mil Spar 95 40% ...1939 .... 19 100% Sale 99% 100 Sale 60 92% 96 52% 79% 15% 15% 98% Sale 97% Sale 51 94% 51 94% 55 13% 15 100% 85% *16% 8 101 89 89 104 91 24 Jan. 100 97% 100 89 S 217,000 Milw El Ry Ac Lt 1st At ref 5s ser B 1961 1st mtge gold 5s 108,000 1971 1,000 {•♦Mil Ac Nor 1st ext 4%a (1880).. 1934 1st ext 4Hs...__. 102 J Jan. Mlssour-Kansas-Twas RR— 264,000 61,000 2,000 154,000 Prior lien 5s series A 47% Sale 40% 41% 45% J 40 1978 J J 38% 1967 A O 23 ♦1st At refund 5s series A.....1965 F S Pr lien mtge 4%« ser D ♦Cum adjust 5s series A Jan Sale 49 Sale 28 Mar. 29 42 Mar. 37 Mar. 16 10 Sale 37 10 Mar. 16 Sale Mar. 31 23% Mar. 24% Sale 20% Sale 1962 J 40-year 4s series B 28% Sale 29% Sale 22 45% Sale 17 Sale 17 Mar. 31 17 Mar. 11 Sale 17 4 24% Mar. 1 18% Mar. 15 Mar. 2 4 24% Mar. 21% Mar. 24% Mar. 22% Mar. 5% Mar. 24% Mar. 2 4 1 3 1 1 30 2 {♦Missouri Pacific RR Co— 135,000 8,000 539,000 455,000 35,000 225,000 8,000 380,000 150,000 3*64",000 18,000 1975 MS 5s ser 1978 MN G -A949 9,000 Mohawk Ar Mai July 1938 ser J 20% M S . . _ . . 107 Gen At ref s Morris Ac Essex 1st gu Constr M 5s ser A 1955 24 1955 14 11% 18% 8% Sale 8% 13% 78 Sale 14% Sale 58 102% Constr M 4Hi ser B..........1955 MN Mutual Fuel Gas 1st gu 5s 1947 MN Mutual Union Tel 5s 1941 MN ... Sale Sale ._— National 78,000 17,000 22,000 5,000 61*666 153,000 "*2*666 Sale Sale 80 60 71 50% 51 A J J D M N M N ♦4Hs Jan 1914 coupon on. ..1957 J ♦4Hs July 1914 coupon on ..1957 J ♦4H8 July 1914 coupon off ..1957 J ♦Assent warr Ac rets No 4 on. 1957 70 Mar. 4 70 Mar. 4 16 Mar. 9 18% Mar. 14% Mar. 14% Mar. 2 1 4 Mar. Mar. 1 4 8% Mar. 25 9 - Mar. 25 57% Mar. 2 58 Mar. 24 105 Mar. 89% Mar. 104 Mar. 10 93% Mar. 18 Mar. 30 Feb. 26 23 16% Mar. 31 15 Mar. 31 23 Mar. 4 70 Mar. 9 21% 8% Mar. 25 14% 9 Mar. 25 14% 57% Mar. 2 58 101 Mar. 24 107% 70 Mar. 16 Jan. 99 Mar. 31 104 89% Mar. 2 86% Mar. 31 73 Mar. 74 Mar. 14 74 Mar. 74 Mar. 24 74 60 58 Mar. 65% Mar. 1 56% Jan. 52 Mar. 57 Mar. 1 52 45 Mar. 52% Mar. 5 112% Mar. 30 45 99 86% Mar. 99% Mar. Mar. 7 100% Mar. 1 92 Feb. 26 25% Feb. 26 Feb. 26 4 12 Jan. 11 Mar. 4 Mar. 1 Jan. 5 Jan. 20 Jan. Jan. 18 15 Feb. 23 Mar. 14 69 - 114% 112% Mar. Mar. 24 27 Mar. 29 Mar. 25 74 Mar. 24 71% Jan. 62 Jan. 3 19 55% Jan. 15 112% Mar. 30 113% Jan. 19 105 65% 71% 22% 24 97% 100% 99% Sale Sale 105 63% 67 22% 25 97% 100 100% Sale 104% Sale 1% 1% J J 61 Sale 18 Sale 61 18 97 Sale 97 93% Sale 100% Sale 63% Mar. 26 26% Mar. 10 100 Mar. 30 Mar. 31 Mar. 25 98 Mar. 21 93% Mar. 31 100% Mar. 1 Mar. 30 105% Mar. 15 61 Jan. 29 68 18 Mar. 31 28 96% Feb. 15 98 93% Mar. 31 101 100 Mar. 30 106 Jan. 5 Feb. 17 Mar. 21 Jan. 19 Jan. 6 Feb. 28 Feb. 23 Nat RR of Mex prior lien 4%s— ♦Assent warr Ac rets No 4 on... 1926 J ♦4s April 1914 coupon on .....1951 A 2% J O ♦4s April 1914 coupon off 1951 A O ♦Assent warr At rets No 4 on. 1951 Nat Steel 1st coll mtge s f 4s..._.1965 J D 2 2% 1% 1% 1% 2% 2% 107 Sale 1954 M N 1948 J D 117 119% 5s guarl945 J J 20 1945 J J 25% For footnotes, see page 30. 80 . Sale 1 1% 2% 1% Mar. 30 3 1% {♦Naugatuck RR 1st g 4s cons 3 2% 2% % Mar. 30 2% Mar. 3 1% Mar. 30 2% Feb. 23 3 % Mar. 30 Mar. 1 1% Mar. 26 1% Feb. 23 1% Mar. 26 2% Mar. 1% Mar. 29 1% Mar. 26 3 1% Mar. 29 2% Mar. 2%/Feb. 28 Feb. 28 Feb. 15 - Newark Con sol Gas 5s ♦Cons guar 4s 13 J ♦4s April 1914 coupon on 1977 AO ♦4s April 1914 coupon off .....1977 A O ♦Assent warr Ac rets No 5 on. 1977 Mar. 17 Mar. 30 94% 92% 99% Mar. 25 101 73 Mar. 8 74 Sale 75% 75% 51% 35 113% 112 - 3 43 71 Sale 16 16% Mar. 31 52% 71 56 Mar. 29 17% Mar. 30 16 75% "§8* 97 78 112 19 99 89% 1 Mar. 31 Sale 65% Sale 49% 113% 114% 68 24% Mar. 15 99 92% 8 100 88 72% 16% Mar. 31 101 Sale 16% Mar. 31 Rys of Mexico— {♦New England RR "*6",66O F J Mar. 30 Sale ... 3,000 Nashville Chat Ac St L 1st 4s A.. 1978 52,000 Nassau Elec guar gold 4s atpd... 1951 6,000 National Acme 4H8 extended 1946 589,000 National Dairy Prod deb 3%« w w '51 240,000 Nat Distillers Products deb 4H>-1945 3 16% Mar. 31 101 79 Sale Sale 60 Sale 104% 107 71% Sale 2000 16% Sale 68% 82% 75% 1955 .....1955 MN Sale 88 74% 18% Sale 79 ...1955 3H«-- Mar. 30 17 23 68% Sale 100% 77% 90 f 4H*ier C f 5s ser D 16% Sale 15 92 .....1965 refunding 5s A Sale 3 Sale 22% 102% Sale 100 s 21% 17% Sale 12% 16% 12» II Montana Power 1st Ac ref 3Hi—-1966 Gen At ref 24 Mar. 29 16 88 S M '"5% Sale' 75 A Mont Tram 1st Ac ref 5s series A..1941 General At 17% Mar. 30 Sale S F 1991 M S A..1960 M N Gen At ref 5s series B 16 17 7 15 J M Monongahela West Penn Pub ServIst mtge 4Hs 1960 6s debentures 17' 16% 15 19 1st gu g 4s 37,000 Monongahela Ry 1st M 4s 16% Sale Sale 18 ♦Certificates of deposit 16% Mar. 31 Sale 16 5% Sale 19% Sale A ♦Certificates of deposltX... •1st Ac ref 5s ser I ..X--1981 MN .. 5,000 94,000 25,000 45,000 5,000 MO Mar. 31 24 18 1980 A ♦1st ref gold 5s series H Mo Pac 3d 7s ext at 4% 4 23% 18% Sale ,2_. ♦Certificates of deposit ♦Convertible gold 5 Ha "*6% Sale" Sale Sale 18 ♦Certificates of deposit... 1st At ref g 1,000 {♦Mobile Ac Ohio gen gold 4s **38 8,000 ♦Montgomery Div 1st g 5s ....1947 210,000 ♦Refunding At Improv't 4 Hi ..1977 ♦Sec 5% notes 37,000 .....1938 157,000 57,000 187,000 26,000 3,000 7% 20% 1977 M N ♦1st Ac ref 5s series F ♦ 15 18 ♦Certificates of deposit.. ♦General 4s 2% 106% Sale 30 68 119% 52 33 Sale" 25% 49% 39% 1% Sale 103 15 116 Sale Mar. 1 1% Mar. 29 2% Feb. 28 Mar. 31 107% Jan. 103 5 119% Mar. 4 116% Febi 103 Mar. 31 107 119 Mar. 21 1 65 120 24% I 31% 39% *24%Mar."l8 25% 3 119% Mar. Mar."*9 "24% Mar.'18 29% 4 Feb".*23 April, 1938] Sales in 120",006 9,000 13,000 110,000 220,000 67,000 16,000 25,000 N. tl3,000 Price Jan. 3 1938 Ask Bid Bid Mar. 31 Ask Bid Ask 57 45 N O 8c N'eastern rel 4)4* aeriea A. 1952 New Orleana P S lat 1c ref 5a A...1952 lat & ref 5a aeriea B—.....—..1955 New Orleana Term lat 4a guar... 1953 1935 B...........—1954 ♦Certlflcatea of depoalt •lat mtge gold 5a aeriea G 1956 97 96% T5* 52 Sale Sale 76 •lat 4 %■ aeriea D •First 514a aeriea A 1956 .1954 F A F A A O 100% 59X Sale 105% Sale 105% Mar. Sale Sale "32"" 40 Sale .....1945 i"i Conaol 4a aeriea A.. ....— 42 1998 F A "32% 49 Hlch Cent coil g 1K« Sale Prices Highest Mar. 3 3 122% Jan. 31 125 8 122% Feb. 10 1 120% Jan. ti* Sale 35% 41 Mar. 93 Mar. 92 % Mar. Mar. Sale 84% Mar. Sale 47 28 Mar. Mar. 22 Mar. 22 Mar. 30 27% 23% Sale 1 7 18 29% 23% Sale 29% iIo% Sale Jan. Mar. 50 Jan. 87 Mar. 98% Jan. 98% Jan. 47 29 33 Mar. 10 28 Mar. 4 22 Jan. Mar. 24 Mar. 31 31 22 Mar. 30 Jan. Mar. Feb. Mar. 28% Mar. 18 •31% Mar. 22 108 34 4 2 64% Mar. 27% 37% "24"" Sale Sale 107% Mar. 23 105% Mar. 58 Mar, 59% Mar. 3 Mar. Mar. Mar. 35 Mar. 30% Mar. 17 33 110% Mar. 5 110% Mar. 84% Mar. 1 22 Jan. 5 Feb. 24 Feb. 18 Feb, 15 35% Jan. 17 Feb. 25 Feb. 17 37 35% Feb. 21 8 111% Jan. 28% Jan. 1 3 76 31 36 32 31 27 14 8 4 Mar. 30% Mar. 5 110% Feb. 1 Jan. 3 65 Mar. 29 Mar. 31 74% Mar. Sale 81 Mar. 1 Mar. 31 91% Jan. 57% Sale 38% Mar. 31 57 % Mar. 5 11 44 Mar. 30 64% Mar. 75 Sale Sale 54 Sale 54 Mar. 29 75 Mar. 54 Mar. 30 Mar.29 65% Jan. 73 Jan. Sale 1 1 1 38% Mar. 31 64 38% Sale 44% Sale 71 83 94 % 89 Sale 80 Mar. 31 Mar. 28 3 91% 80 79 89% Mar. 96% Sale 78 80 79 Sale 39% Mar. 31 Sale 39 % 54% 73% Sale 55% 57% Mar. 77 Mar. 73% Mar. 93% 1943 95% 64 % Sale 74% Sale 93 57% Sale 76 .1998 §4* 58 34 87 Mar. 16,121% Mar. 81 Sale .1997 ... . 31 87 B** Mar. Sale 82 3>4a............ 1952 MN Ret Ac Impt. 4>4• series A...— 2013 Lake Shore coll g 3Ha.........1998 35* 94 65 34 36 38 110% 110% 91% Sale 64 % Sale MYQftHRg mtge 314a Debenture 4a of 1913 92 90% 32% 10-year 3%* secured a f....... 1946 A O 3013 A O Ref & Impt 4Ha aeries A Ret 8c Impt 5a aeries C...—... 2013 A O Conv secured 78 30 Sale 45 33 •Certlflcatea of depoalt......... Npt Or Cln B gen gu a New York Central RR— 34 33 34 30 94 1 Highest n 51 •First 5a aeriea Sale Prices 121 36 54 {••N O Tez & Mez Income 5a ' 123% Mar. 31125 Sale 95 107"" .I960 4%« Sale Prices Sale 121 N J Pow & Light lat New Orleans Great Nor 5a aer A*. 1983 Lowest Highest Lowest Sale 95 Sale 123% 125% 123 D RANGE SINCE JAN. PRICES IN MARCH Mar. 1 122 % 123 % 121 Sale 95 T Be T 3f-yr 5* A—1952 J 37 EXCHANGE-BONDS lit 14mi nrlei B.............1961 M N N 1 Junction RR gu lit 4a...... 1986 e a 178,000 561,000 703,000 530.000 211,000 56,000 457,000 38,000 5,000 7. STOCK EXCHANGE N*w England 26,566 40,000 98,000 6,000 15,000 8S fe*9* •5* BONDS March Value % 45,000 34,000 N. Y. STOCK 75 85% Sale Sale 57 62 57% 55 65 60 Mar. 18 73% Mar . 1 87 55 65 44 Mar. 29 82 11 Jan. 10 Mar. 31 Mar. 28 94% Jan. 13 98% Jan. 13 1 39% Mar. 31 65% Jan. 11 1 60 82% Jan. 17 1 73% Feb. 10 84 Jan. 11 33 74 62 Jan. Jan. Jan. Jan. 3 3 3 3 95% Jan. 6 Mar. 11 Mar. 18 84 New York Chicago & St Loula— 296,000 701,000 155,000 35,000 1974 A O Refunding 5 Ha aeriea A Refunding 4H* aeriea C..—. 1978 M S 1938 A O 3-year 6a..........——Octl 4a collateral trust 2,000 283,000 12,000 96,000 343,000 64,000 163,000 141,000 30,000 21,000 — 1946 Sale Sale 62 77 90 55 47 62 N 107% 168% 109 % 48 Vi Sale 46 47 % 1953 lit gtd 5a aeries B__.._. .1951 N Y Dock lat gold 4a .1938 Serial 5a g notea Certlflcatea of depoalt NY Edison 3>4s series D........ 11965 A O .1966 A O 1st lien & ref l^a series E N Y & Erie—See Erie RR. .1948 J N Y Gas El Lt Ht & Pow 5a Purchase money coll tr g 4s.. .1949 F D A —— ♦Dock & Impt lat 5a......— .1943 J .1941 N Y 8c Long Branch gen 4a 43 103 49 Sale 103 Sale 123 123% 113% 114% 84 — 102% — 85 106 . 87 107 106% 53% Sale 59 Sale 54% 59 104% Sale 104% Sale 32% 34% 33 28% Sale 27% 30 30% Sale 62% 65 79% 82 100% Sale 100 103% 106% 104 Sale 39% iW 82 Sale 45 Sale 103%, Sale 102% Sale 7,000 39% 25 100 65 15 90 91 82 83 100 J 95 90 1P9.000 7,000 116,000 26,000 O ♦Non-conv debenture 4a...... .1947 ♦Non-cony debenture 3%a. . -. .1947 •Non-conv debenture 3%a... .1954 •Non-conv debenture 4a...... .1955 M 8 A O 12% 14% 11* 11* A O 15 20 J J .1957 M N .1967 J D 22 ♦lat & ref 4)4* mi of 1937... ♦ farlem R Sr Pt Chea fat 4s. . -. .1954 M 16% 20% Sale 9 N "16"" .1902 M S {♦N Y Oat Ac West 1st g 4a •General 4a....—........... .1955 I .1942 A {♦N Y Prov Ac Boston gen 4s D .1003 A O 4a .. .1937 ♦•Second gold 4Ha....... .1940 •General gold 5a • Terminal lat gold 5a..—.....1943 .1030 N Y Tel lat A gen < f 4%a Ref mtge 3Via series B.........1967 J J 106 105% Sale 16 A 7% M N 43% 106% 104% J J 3D 68 i~"i M A Sale 16% 10% 47% Sale 105% O F A 95 98 47 A 102 103 Sale A O 103% Sale 100 Sale 119% 125 115% 119 253,666 135,000 100,000 175,666 73 J 87% Sale 2047 J J O J M 8 J 1st mtge 3%«—...........— 1972 J Ohio Indiana Ac Weat 5s...Apr 1 1938 Q-J 1966 J D Oklahoma Gas & Elec 3% a... J D F A Ontario Transmission lat 5a..... 1945 M N Oregon RR Ac Nav con g 4a..... 1946 29,000 Oregon Short Line lat con g 5s.. 1946 1st guar cons 5s stamped...... 1946 15,000 311,000 Ore-Wash RRAcNav IstAcref 4s... 1961 1962 60,000 Otla Steel lat mtge 4Ha A. 1946 9,000 Pacific Coast Co lat g As— 232,000 243,000 339,000 1st Ac ref mtge 394s aer 1st Ac ref mtge 3%a 8er 98 80 102% D 11 10 13 12 108% 102% 101] 96! 4!* 7 Sale 106 105 Sale 105% 105 59 60 Sale Jan. Jan. 88 75 8 96% Mar. 7 95~" Mar.""8 "96% Mar.""7 9, 17% Mar. 17% Mar. 17% Mar. 17 % Mar. 17 % Mar. 16% Mar. 20% Mar. 31% Mar. 9 9 9 9 9 2 1 8 16% 15% 15% 15% 12% 12% Jan. 17% Mar. 16% 17% 15% 12% 12% Mar. 8 Mar. 9 Mar. 17! Mar. 30 Mar. 25 15% Mar. 29 23% Mar. 28 5 Mar. 31 15% Mar. 31 70 Mar. 30 7 1 70 Mar. 18 10 Mar. 1 6% Mar. 2 9 Mar. 22 Mar. ¥ Feb. Jan. Jan. Mar. Mar. 2 20 27 17 30 Mar. 25 Mar. 29 Mar. 28 Mar. 31 Mar. 31 70 Mar. 18 5% Mar. 31 4 Mar.-30 19% Jan. 13 11 17 % Jan* Jan. 19 Jan. 20 18 Jan. 23 Jan. 35 12 Jan. 23 Jan. 11 14 12 79 Feb. 7 Jan. Jan. 10% Jan. 17 8 Feb. 18 106% Mar. 14 108% Mar. 92 3 106 Mar. 29 99% Mar. 76% Mar. 5 76% Mar. 104% Mar. 31 106% Mar. Mar. Mar. 4 105 103% Mar. 30 104% Mar. Mar. 30 12% Mar. 2 5% Mar. 30 Mar. Mar. Mar. 9 80 Sale 7 Mar. 30 Feb. 1-1 10 7% 44 Mar. 18 47% 105% Mar. 23 106% 1 106% 105% Mar. 62 Mar. 24 62 60 5 28 108% Feb. 20 Mar.29 99% Feb. 26 74% Feb. 18 94% Jan. 4 104 Feb. 8 106% Jan. 21 104 Mar. 106% Jan. 7 Jan. 10 103% Mar. 30 106 104 7 Jan. 92 9 1 Mar. 21 5% 40% 105% 104% 16 Jan., 3 11% Jan. 19 Mar. 30 8% Jan. 31 47% Mar. 23 107 Jan. 7 106% Mar. 24 62 Mar. 31 70 Jan. 9 Jan. 7 Mar. 21 Mar. 24 62 Mar. 5 60 Mar. 2 3% Mar. 29 6% Mar. 10 104% Jan. 28 107 Mar. 29 107% Jan. 24 108% Mar. 3 3 Mar. 7 Mar. 4 Mar. 16 82 Mar. Mar. 24 Jan. 13 Jan. 11 Jan. 5 Mar. 31 Jan. 25 30 Jan. 4 19 Feb. 23 31 Feb. 17 31 Jan. 13 22 53 3 30 119% Jan. Jan. 11 31 104 II* 90 Sale Sale 9 Mar. 31 Mar. 31 50 Sale 48 Mar. 22 ill"" Ill 2 100% Mar. 31 103% Mar. Jan. 7 100% Feb. 9 104 8 101 Jan. 24 105 Jan. 1 96% Mar. 18 103% Jan. 97% Sale 100% Sale 102% Sale 96% Sale 9 96% Mar. 16 15 53 Mar. 30 118% Mar. Mar. 97% Mar. 31 103 102% Mar. 24 104% Mar. 96% Mar. 18 99% Mar. 1 86% Mar. 9 9 48 111 Mar. Mar. Mar. Mar. 97% Mar. 88 5 7 12 121 125 118 86% Mar. 19 12 Mar. 9 115 14 17 8 13 12 21 9 100% 104 104% Sale 99% Sale 26 5 22 3 Mar. 31 67 3% Mar. 29 5% 106% 105% Mar. 8 106% 105% Sale 108 107% Mar. 2 108% Sale 82 Mar. 30 93 3% 115 Sale 92% 61% 67% 81% 71% 72% 101% Sale Sale Sale Sale 74 Sale 102% 76% Sale 47% Sale 45 Sale 56% Sale 57 Sale .... 115 Mar. 15 115 Mar. 15 76% Mar. 31 47 Mar. 30 45 56 50 50 Mar. Mar. Mar. Mar. 31 29 30 30 92% Mar. 61% Mar. 2 1 Mar. 1 68 115 Mar. 15 116% Jan. 28 7 12 13 Jan. 11 Jan. 10 Jan. 14 Feb. 8 76% Mar. 31 93% Jan. 47 45 Mar. 30 Mar. 31 88* 76 Mar. 29 Mar. 30 Mar. 30 79 80 82% Mar. 2 57% Mar. 17 72% Mar. 1 101% 101% Sale 11 14 10% Sale 8% 6% 11 8% Sale 103% Sale 98% Sale Sale Sale 102 % 99 99% 101% 111% Sale 111% 113 109% Sale 116 117% 117% 105% Sale 66 73% 58 Sale Sale Sale .... Mar. 12 Mar. 101% Feb. 21 102 10 8 Mar. 11 Mar. 18 11 Mar. 4 10% Mar. 1 108% 1964 For footnotes, see page 77 H...... 1961 1966 1 Pacific Gas Ac 114s aer G—. Mar. 12 22 Mar. 30 103 Feb. 24 80 Mar. 3 93 Jan. Jan. J J Ohio Ediaon 1st mtge 4s_........ 1965 MN lat mtge 4a...................,1967 M S 129",000 73 8 41* 64 69% 92% Sale 62% Sale 4a debentures................ 1946 85,000 1943 30,000 Ontario Power N F lat 5s Mar. 22 100 65 103* A ^Northern Ry of Calif guer 5a. N'western Teleg 4Hs eztended .. 1944 J 15,000 95% 70 J •Ogden & Lake Ch let guar g 4a. 1948 1948 •4a stamped ...— Ohio Connecting Ry 1st 4a...... 1043 95 Mar. 12 Mar. 30 Mar. 3 ----- 70 J Mar. 12 22 Mar. 30 100 Mar. 15 70 Mar. 3 75 Mar. 18 5% Mar. 31 60 J t ... 1 2 70 70 A..... 2047 J Ref Ac Impt 6a Series B...... 2047 J 2047 J Ref Ac Impt 5a Series G Ref Ac Impt 4Ha Series 65 75 22 100 4 70 70 Northern Pacific prior lien 4a— 1907 Q Gen Hen ry Ac Id gt 3s....Jan 2047 Q Mar. 9% Sale 8 F 91 72 12% 9% 119% Sale F Mar. Mar. 31 Mar, 26 108 Jan. 7 Mar, 25 109% Jan. 4 Feb. 26 39% Mar 30 65 44 Mar. 31 Feb. 4 82 40 Mar. 29 58% Feb. 28 100 104 58 70 O Mar. Mar. 16 102% Jan. 29 104% Jan. 19 102% Mar. 31 104% Mar. 18 102% Mar. 31 104% Mar. 18 Sale 105% 107 104% Sale Sale 97% 104% 104 104% Sale 103% Sale }R^ a1!* •Stamped as to sale of April 1 1933 to April 11937 tnd coupons. 1945 4,000 Sale 77 Sale Sale A Mar. 30 53% 82 Mar. 11 Mar. 29 56% Mar. 30 104% Sale \ 10% Sale MN iH Sale 108% 106% Sale 106% Sale A Sale 7% 107% Sale —..Nov 15 1969 MN North Cent gen Ac ref 5s ser A— 1974 M 8 Gen Ac ref 4Hs aeries A....... 1974 M 8 {•Northern Ohio Ry 1st guar 5a. Ref Ac Impt 5a Series D__ 99 II* 15% 16% Sale 23% "63 107% 20 13 Sale 79 69 S Mar. 99% 17 16 14% Sale 77 4% Sale U MN Oct 1 1934 and eub coupons... 1945 A 1945 •Oct 1937 and sub coupons 675,000 291,000 119,000 585,000 24,000 67,000 107 106 A North Am Edison deb 5a aer A....1957 M Aug 15 1963 92% Sale 90 96% F MN Sale 94% 69 Sale F »»*•••■» Deb 5 H> aer B Deb 5s series C 6% O ......... 3l",666 12 30 143,000 .1946 4,000 N Y Trap Rock lat a f g 6a .1946 6s stamped....... 24,000 191,000 t**N Y Weatchea Ac Boa lat 4Ha..1946 .1966 70,000 Niagara Falls Power 3V4a 40,000! Niag Lock A Ont Pow let 5a A....1955 39,000' Niagara Share (Mo) deb 5Ha—..1950 .1950 101,000 Nord Rya eztl a f 6V4a 225,000 •{•Norfolk South fat Ac rei 5s A..1961 •Certificates of depoalt....... 45,000 .1941 4,000 •{♦Norfolk Ac South lat g 5a 153,000 Norfolk Ac Weat Rv 1st con g 4a—.1996 .1961 165,000 North American Co deb 5a ... 72,000 118,000 131,000 12 25 Sale J 112,000 {•♦N Y Suaq Ac West lat ref g 5a..1037 14,000 Sale 13 O ♦Debenture 4a 13 16% •Convertible debenture 1)4*.. .1956 J N Y Ac Putnam 1st con guar 251,000, -— •Convertible debenture 6a.... .1948 I .1940 A 46,000 N Y & Queens El Lt 8c Pr 3%a... .1065 M N New York Railways Corp— .1958 J 23,000 J {Prior lien 6a stamped.... .1051 m rv 2,000 NY Ac Rich Gaa 1st 6a A 53*000 New York Steam lat is aer A.... .1047 M N .1051 M N 72,000 lat mortgage 5s 96,000 1st mortgage 5s............... .1956 MN 47"666 100 J k Mar. Mar. 26 Mar. 25 106% Mar. 11 77 90 79% 79% 97% A •Collateral trust 6a 27 % Mar. 29 30 Mar. 31 65 Mar, 26 82 Mar 9 Mar. 102 87 S .1956 M N Mar. 31 Mar. 26 9 Mar. Mar. 26 22 100 60 M •Non-conv debenture 4a Mar. 29 Mar. 55 48% Mar. Jan. 28 124% Mar. 22 124% 123% 124% 122% Mar. 7 124% Mar. 22 122 114% 114% Sale 114% Mar. 15 114% Mar. 29 113% Jan. 4 114% Mar.29 {♦N Y Ac N Eng (Boat Term) 4a.. .1939 PN Y New Haven Ac Hartford— 7,000 16,000 53,000 125,000 23,000 246,000 70,000 95,000 47 40 103 Mar. 26 124 114 93% "99" 100% Sale Sale Sale 77% Sale 84 1947 3%« extended to Y Connecting lat gu 4%s A— 1953 lat mtge .1946 MN 5,000 •N Y 8c Greenwood Lake 5a .3000 M N 2,000 N Y 5t Harlem g 334a... 4,000 N Y Lack 8t Western 4a aer A... .1973 M N .1973 N N Guar 4Ha series B 6,000 NYLKltW Coal Ac RR 0%«— .1942 M N 8,000 Sale Sale 74 97% Sale 98% Sale Sale 94% Sale 101% Sale 97% 100% Sale 113 113 Sale 112 113 105 Sale 111% Sale Sale 112 94 Sale a* Sale Sale Sale Sale 50 Sale 107% Sale Sale 103% Sale 55 Sale Sale 98% Mar. 31 104% Mar. 15 Mar. U Mar. 31 103 94% Mar. 31 98% Mar. 9 99 101% Mar. 31 102% Mar. 1 98 Mar. 18 100% Mar. 2 112 Mar. 31 113% Mar. 15 105 Mar. 28 111% Mar. 31 112 94 62 Mar. 31 Mar. 31 103. 98 $ Mar. 30 Mar. 31 Mar. 30 45% Mar. 7 107% Mar. 30 Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. 10 8 Mar. 11 Mar. 18 13 Jan. 12 Jan. 10 18 108% Jan. 3 108% Jan. 3 98% Mar. 31 104% Mar. 15 99 Mar. 31 103 Mar. 11 94% Feb. 2 98% Mar. 9 102% 1005% Feb. 28 111% Jan. 111% Jan. 113 Feb. 23 105 Mar. 111% Mar. 110 Jan. 116% Jan. 112 Mar. 118% Jan. 94 62 45 Mar. Mar. Jan. 106% Jan. 74% Jan. 98% Jan. 98 Mar. Jan. 25 113% Mar. 15 50 Jan. 10 17 10 13 10 18 110% Mar. 8 106% Jan. 19 102% Feb. 26 107% Mar. 103% Mar. 98% Mar. 30. 1 28 N. T. STOCK EXCHANGE-BONDS Sales in March Value *1,000 BONDS 1938 Mar. 1 Bid 61",666 Panhandle Eaatern Pipe L 4a A.. 1952 M S 93.000 Paramount Broadway Corp— lat mtge a f ft 3a loan ctfa......1955 F Paramount Pictures Inc— A 104 % 103 59% C 116 M Bid 118% Mar. 31 Sale 91 % 92% 73 72% 88 42 Sale 43 118% 120 79 % 70 1941 F A Guar a 3Ha tr ctfa aerlea G.. .1942 J Guar ft 3Ha tr ctfa aerlea D—.1944 J 102% 103% 103 103 D 75% Mar. 85 84 74 67 Lowest Highest Sale Prices Ask 71% 84 66% 85 103% 104% 103% Sale 104 104% 103% 104 103 109 103 100% 101 98% Sale 8 M | Lowest Ask Bid 75% 66 % 60 63 91% Sale 71% 73% 89% 94% 38 % Sale 8 A Sale 109 99 S M 88 92 % 103% 104% J M Ask 82 Pacific RR of Mo 1st ozt 4a...... 1998 F A 2d extended gold 8a 1 IMd j Pacific Tel & Tel 3%x aer B 1966 A O Ref mtge 3 %« series C 1966 J D Paducsb Ik liiinoia lat a f 4%*.. 195* J J J 1 Jan. 3 I,000 78,000 86,000 a f debenture 6a.............. 1955 61,000 83,000 3Ms conv debenture 1947 22,000 Parie-Orleana RRExt a f 5Ha... 1968 25,000 Parmelee Trana con? deb 6a 1944 3,000 Pateraod Br Paaaalc GAR 5a 1949 3,000 •Pauliata Ry lat Be ret 7s aer A... 1942 RANGE SINCE JAN. PRICES IN MARCH Price Inter st Period N. Y. STOCK EXCHANGE Sale Prices Sale Prices 9 75% Mar. Mar. 29 67 Sale 9 82 Mar. 29 70 Jan. 25 104% 75% Mar. 9 67 103 Mar. 29 103% Mar. 31 104% Mar. 16 103% Mar. 18 104% Mar. 9 "98% Mar."3 i Highest 102% Jan. Sale 56% Mar. 31 60 Mar. 1 56% Mar. 31 Sale Sale 81 Mar. 31 Mar. 31 92 Mar. 3 81 Mar. 31 72 Mar. 2 57 Mar. 31 z82% Mar. 24 88% Mar. Mar. 31% Mar. 31 42 118% Mar. 23 119% Mar. 3 57 119 77 116 60 , 60 Mar. 25 9 61% Jan. 19 97% Jan. 17 74% Jan. 15 92% Feb. 1 82% Mar. 24 31% Mar. 31 45 Jan. 118% Jan. 21 119% Mar 5 5 60 Mar. 10 70 16 "98% Mar."31 161" "Feb. "24 101 "Mar .""4 82 57 6 19 Mar 28 104% Mar 56% a78% Sale 31% Sale Prices Jan. Jan Mar. 25 70 10 5 Jan. 26 Pennaylvania Co— Guar 3 Ha coll tr ctfa aer B 22,000 10~,666 103 D 104 102% 103 101 % A 100 Sale 80 Sale Sale F D 103 O J 95% 83 % 103% 103% 104 % 101 % Penn Ohio Be Detroit RR— 33,000 770~,666 2,000 93,000 27,000 1st Be ref gold 4Hs aerlea A....1977 A 4Hs aerlea B 1981 J Penn Pow Be Lt 1st M 4Ha 1981 A 33",000 105 100% Sale" 109 % 110% Penn RR coneol gold 4a........1943 M N Conaol gold 4a... .........1948 M N Stamped dollar bonds 1948 M N Gen mtge 3%« aeries G Conaol 4Ha Issue of 1915 .....1970 A O 1960 General 4Ha Series A.........1965 General 6a Series B...........1968 Debenture gold 4 Ha 1970 F A 95 120 120% D 106 Sale J D 111% Sale A O 90% Sale O ..1947 M S 4a.......1940 A 0 Peoria Be Bast lat cons ♦Income 4s (flat) .... lat 4a Series B 1st g 4 Ha aerlea C Phelps Dodge cony J 1956 J .....1980 M 3Hs deb 1952 J Phila Bait Be Wash lat g 4s General 5a Series B... Gen g 4Ha series C— t D 1943 M.N General 4Hs series D A J D Phlla Company secured gold 5a.1967 J D PhUa Electric lat Be ret 3 Ha 1967 M 8 t*Pb*!a Be Read G Be I ref 5a ♦Convertible deb 6a {♦♦Philippine Ry lat 30-yr 1973 j 1949 M J 8 f 4sl937 J J Plllsbury Plour Mills 20-yr 6a 1943 4 O a Pirelli' 0 (Italy) cony 7a Pitts Coke & Iron cony 4Hs A 1953 M N 1952 M 8 29,000 PCC&StL g 4Hs aeries A......1940 A O Gon 4Ha aerlea B 9,000 guar g......l942 A O Con 4%a aerlea G 11,000 guar g._ 1942 MN "V.666 £°n 0a aerlea D guar Con 3 "9",600 Con 4a aerlea P guar g Con 4s aeries G guar g Con 4« aeries H guar g Gon 4Ha aeries I g 35",000 Con 4Ha series J guar.. Gen guar 5a series A Ha aerlea E guar g 92,000 120,000 1945 g 17",666 stk Gen A ref 4 %8 88,000 w A O A O I D F J 103 114 109 115 93 % Sale 106 % Sale 16 % Sale 109 Sale 4% Sale 10% 11 108% 100% — 68% 86% 86% 65% — _ 108% 4% 62 , 55 54 Sale Sale 55 54 100 Sale Sale Sale 100 107 109% 110% 107 105 114% Sale — . 108 Sale 100 Sale 16% Sale 78% Sale 105% Sale 10% Sale 6 Sale Sale 3 Sale Sale 13 Sale 16% Sale 108% Sale 108% .100 100% 108% 109% 90 81 Sale 99 107 J J J J J J J J J J MN M Mar. Mar. Mar. Mar. 2 3 1 1 Mar. 1 Mar. 5 Mar. 7 Mar. 18 Mar. 11 Mar. 3 9 Mar. 19 101% Mar. 29 101% 65% Mar. 31 89 115% Mar. 18 117 108% Mar. 24 112% 50 Mar. 18 60 14 4 Mar. 29 62 Mar. 31 Mar. 24 Mar. 31 Mar. 31 107% Mar. Mar. 29 110 Mar. 1 3 100 107 Mar. 31 108 Mar. Mar. 30 Mar. 6 1 Mar. 19% Mar. 2 4 108% Mar. 15 9 109 Mar. 9 80% Jan. 75% Jan. 76 3 11 108 18 4 5 Jan. 3 Mar. 31 107% Jan. Jan. 28 116 Jan. 10 104% Mar. 31 115 105% Mar. 21 110% 99 Mar. 31 109% 78% Mar. 31 95% 105 Jan. 28 107% 10% Mar. 31 20 "81 "Mar ."3 i "87% Mar."2 "80 Mar. 10 8% Jan. 104% Mar. 21 107 Jan. 54 1 1 3 11 Jan. 5 2 1 Jan. Jan. 8 Mar. , 3 17 7 64 10 Jan. Mar. 64 3 Jan. Jan. Mar 55 Mar. 24 Mar. 31 Jan. Jan. Jan. Jan. 2 106% Mar. 23 108% Mar. 11 Mar. 5 109% Mar. 3 108% 109 - 86 86 Mar. 11% Mar. 29 108 95% Mar. 30 120% 90% Mar. 31 106 100 Mar. 31 111% 67 Mar. 30 91 6 3 19 3 12 Mar. 30 4 Jan. Mar. Jan. Jan. 19 6% Feb. 21 31 4 109 12 8 Feb. 5 Feb. 21 Jan. 5 Jan. 3 Jan. 19 87% Feb. Jan. 17 31 Mar~~2 106% Mar. 23 108% Jan. 108% Feb. 1 110% Jan. 6 109 9 Mar. 9 109 Mar 5 — Sale III" 107"" 105% III" 105% Mar ."10 105% Mar." 16 105% "Mar "16 105% "Mar "16 107" "Feb". "17 i09 i07~" 109" Sale 50% 50% 52 45 78 59 60 42 Sale 109" "Mar ."31 Mar.23 112 Sale Sale ::::: "96"r Mar."31 107" Mar ."§ W 97 Mar. 31 107% Mar. Mar. 91% Mar. 31 101 2 1 Feb. "4 96" Mar. 31 112% Janl""6 97 Mar. 31 112% Jan. 14 91% Mar. 31 104% Jan. 4 106 Jan. 28 108 "42" "Feb" 18 45 30 108 Feb.16 Febl~31 117 109 — 97 49% 108% 99% 99% Sale 91% 107% 109% 110% 50% Sale 53 103 % 104 % 45 51% Sale Sale 12% 104 % 76 81 5% 10 41% *32"" Mar."29 "43 "Mar .*"3 55% 32 Mar. 29 55% 108 Feb. 3 109% 115% Feb. 28 115% Feb. 10 Jan. 21 Jan. 21 Jan. 17 Feb. 28 99% 98% Sale 43 103, J Sale 102 47% 14% 51% 48% 53 Sale 9% Sale 104% 105% 106% Sale 75 73% 82% 6% 8 3% 8% 43 101% 48% 9% 105% Mar. 31 54 Mar. Mar. 28 102% Mar. 11 55 Mar. 31 14% Mar. 2 106% 75 1 Mar. 3 Mar. 8 Mar. 1 Mar. 30 Mar. 25 6% Mar. 10 79 7 Mar. 10 Mar. 14 83% Mar. 31 88 Mar. 17 43 Mar. 31 55 Jan. 15 141% Mar. 28 104% Jan. 8 43 Feb. 19 55 9% Mar. 31 18 103% Jan. 14 106% 75 Mar. 25 82 5% Jan. 7 8 Mar Jan. 8 5 Mar 30 Jan. 18 Jan. 10 Mar 17 60 84 Sale 83% Mar. 31 D J J "75" 95% 74% Sale 93% Sale 92 % 106 90 92 M N MN 78 106 Sale Sale MN 80 Sale J J J 99% 100 32 26 % 19 22 MN 30 Sale MN 28 30 A 28 30 O 28 30 F A M J S J A D J 90% Sale 104 45 55 26 68 % 42 21% 40% 15% 108 % 8 9% A O 1941 i J J Ha."—1941 J 1 1941 J J 23 19 10% Sale 9% 32% 11 14 9% 12% D 101% Sale O J 100 % Sale 108 109% 94 97H O • •' Sale 88 Sale 82% Sale 105% Sale 82% Sale 100% Sale 31% 40 20% 29% 30% 30% 30% 32 32 62% 70 70 Sale 74% 86% Sale — 104 64 70 70 Mar. 23 Mar. 31 Mar. 30 85% Mar. 30 65% Mar. 10 88% Mar. 1 86% Mar. 3 97 Mar. 42 17 52 68% 42% Sale ^ . 72 Sale 96% Sale ::::: 8* -25" _34K 26% 32 30 35 34 11 14 Mar. 30 113 Mar. 31 83 Mar. 98% Mar. 31 106 72 Mar. 31 83% 96 Mar. 2S 100% 30% Mar. 14 35% 21 Mar. 17 21 1 Mar. Mar. 4 9 Mar. Mar. 3 3 8 Mar. Mar. 17 70 70 Mar. 31 Mar. 30 93% Jan. 97 3 Jan. 4 Feb. 28 118 Jan. 12 Mar. 31 87% Jan. 98% Mar. 31 108% Jan. 72 Mar. 31 88% Jan 11 19 11 21 85% Mar. 30 Mar. 30 93 . 96 Mar. 29 101 28% Jan. 20 Jan. 7 27 25 . 15 27 Jan. 8 27 Mar. 28 26 Jan. 47 Feb. 28 41 Mar. 28 Mar. 25 Jan. 21 32 Mar. 16 Mar. 23 "32" Mar." 16 "42" "Mar ."'2 14 Mar. 23 17 , Mar. 1 30 32 24 2 1 1 31% 26% Jan. 20 31% 89% Mar. 30 96% 104 Mar. 15 104% 14 25 Jan. 4 10 5% Mar. 24 12% Jan. 27 9% Jan. 10 Mar. 3 8 50 41 Jan. 21 Jan. Feb. Jan. 5 2 14 22% Feb. 16 12 Feb. 10 10% Feb. 16 15 Feb. 23 12% Feb. 24 100% Mar. 18 104 Jan. 11 99% Mar. 31 102% Feb. 23 106% Mar. 22 169 Jan. 19 94 — Jan. 8 28 44% Feb. 18 20% Jan. 6 28 119 Mar. 29 110 Mar. 2i 11 20% Jan. Feb. Mar. 5 Mar. 8 Feb. 28 Mar. 25 Feb. 4 118% Jan. 108 8 Jan. 35% Mar. 17 32 27 99% 101% 100% Sale 100% Mar. 18 101% Mar. Sale 99% Sale 99% Mar. 31 102% Mar. Sale 107% 106% Mar. 22 107% Mar. 107% 104 72 Mar. 5 Mar. 8 Mar. 5 Mar. 25 29% Mar 27 68% 102 94 57 Mar "23 "79% Janl'II 66% Mar. 27 75 Jan. 4 Mar. 29% Mar. 15 47 32% 104 72 118% 108 Sale 108% 108" Mar ."39 116" "Mar ."I I 8 Mar. 2£ 11 Mar. 10% 4 7% 8% 21% 20% 22% 11% 15 II % Mar. £ "11% Mar."4 10% 32% "7% "16" 5% Mat. 24 10% Mar. 1 14 15 14 6% 14 Mar. 14 Mar. £ 8 11 Sale 10 Mar. 12 12 Mar. 18 8% 11 96 §8 110 109 72% Sale 98% Sale 31% 25 Mar. 22 27 31% 96 97 89% Sale" 89% Mar. 30 96% 104% 106% 104 Mar. 15 104% 106% 104 44 31 1 10 11 St Jos A Grand Island 1st g 4a..194? J St Lawr A Adirondack 1st g 5a..1996 J 2d gold 6a. 1996 A J 83% 118% 108% 119 8 M —1934 86 110 112% J 65% 68 88% Sale 113 O A J 89 "70~~ Sale" IIIII "54% "57" Mar."23 "70" Mar.""I 110 A F J 86% 96% Sale Safeway Stores a f deb 4a.......1947 J Saguenay Pow Ltd 1st M 4Hs 1966 A 91 ' 1 ■, ! 0 Mar. 31 111% Feb. 77% Mar' 30 104 8 1949 J | For footnotes, see page 30. 15 29 104% Jan. 112 1 1 Mar. 2 78% Mar. 31 90 105% Mar. 31 107% Mar. 10 10% Mar. 31 16% Mar. 1 109 Ho" Hill 1962 M .... Feo. D M S 1955 F 1936 J ♦4Ha stamped.... Mar. 12 104 108% Jan. 27 109% Jan. 106% Mar. 30 114 Jan. Mar. Mar. 104% Mar. 31 114% Mar. Mar. 106% 105% Mar. 21 109 89% 107 87 80 D J J ♦Rutland-Canadian 1st guar g 4s 1949 131,000 96,000 50,000 107 A W..1956 M S f 7a ♦4s stamped ♦Rutland R R 1st cons g 4 64 70 65 Sale 101 1997 J series B Chemical 6a 15,000 4,000 21,000 7% Sale 105% 107 73% 74% 104 H 1997 * !£*R®c"s Ark * Louis let4H* ♦Ruhr "8",000 111 56 108 % 1941 J D 1951 A O Gen mtge 5a aerlea R__. 53,000 118% 110% 116% ♦lat con A coll trust 4a aeries A.1949 A O Rochester Gas A El 4H» ser D...1977 M S 145",000 117 110 50 J {♦Rio Grande June 1st guar 5s ♦Rio Grande Western 1st g 4a...1939 J 28,666 Sale MN 19«8 J 4,000 ♦Rhine-West Elec Power 7a__ —1950 35,000 ♦Direct mortgage gold 6a 1952 18,000 ♦Cons mtge 6a_.... ..1953 ♦Cons mtge 6a with warrants.. 1955 16,000 97,000 Richfield Oil 4a convdeb .......1952 12,000 Richmond Term Ry lat guar 5a..l952 a Sale 84 100 Sale Rensselaer A Saratoga lat gu 6s. 1941 24",066 Republic Steel Corp 4Hs ser A..1950 Gen mtge 4%« aeries B........1961 245,000 Purch money 1st 5 Ha cony 212,000 .1954 Gen mtge 4Hs series C 176,000 1956 291,000 Revere Copper A Brass 1st 4Hs..l956 II,000 ♦Rhelnelbe Union a f g 7a.......1946 1,000 ♦Rhine-Ruhr Wat Serv 6a. 1953 ♦Rima Steel 98 Mar. 30 119 90% Mar. 31 103 Sale 100 Mar. 31 108% 67 Mar. 30 89% Sale 86 Mar. 19 98% Sale 86 Mar. 29 Sale 98% 65% Mar. 31 84% Sale 116 115% Mar. 18 117 Sale 108% Mar. 24 110% Mar. 18 50 49% 50 4 Mar. 29 7% 7 101 104% Mar. 21 107 Sale 62 Mar. 31 73% 96 (65% pd). Remington Rand deb 4Hs 98% Sale Sale 110 ♦♦Debenture gold 6s.... Read Go Jersey Cen coll g 4s Gen A ref 4Ha series A 17,000 290,000 22,000 201,000 Sale 109% 107% Sale D 1 109 90% Sale 110 J Mar. Sale 112 107 (' 109 112 Sale 98 85% Mar. 31 100% Jan. 13 77 Jan. 26 84% Mar 10 102% Mar. 26 104% Jan. 20 97% Jan. 1 Sale 116% 112% 115 1943 Mar. 21 101% Mar. 119 103 109 -...1975 A ....1977 J 98 1 3 2 IIo" 120" V Mar. 31 1 117 Pnrtty Bakeries Corp a f g 5s {♦ Radio Keith Orph pt pd ctfa com 107 Hi*::::: 1970 J 161% 78 Mar. — A ..1964 MN Mar .12 85% Mar. 31 5 103% Jan. 28 8 163% Jan. 13 21 103% Jan. 21 "93% Sale" "93" Ma?."31 '98% Mar." "2 ~92%~F~eb~.~l4 iol" Janl""7 ...1963 F Cha* lst *uar 4a for deb 6s A 95% Mar .""3 96% Mar. 2 84% Mar. 10 102% Mar. 26 103% Mar. 2 98 106% Mar. 30 111% Mar. 107 Mar. 31 111% Mar. 77% Mar. 30 92% Mar. Sale 109% 110% 114 123% 108% 110% 110% 110% 101% Jan. 102% Jan. 103% Jan. 7 Mar. 111% Sale 106% Sale 107 Sale 1102* 112 90 81 93% 79 64 Sale 73 103 ..... A 555,000 Portland General Electric 4Hs_.1960 1st 5s 1935 extended to 1950 12,000 41,000 Porto Rlcan Am Tobac cony 6a.. 1942 822,000 {•♦Postal Teleg A Cable coll 5a. .1953 45,000 Potomac Elec Power 1st M 3%s..l966 8,000 Pressed Steel Gar deb 5s.. 1951 8,000 t^Prorldence Securities deb 4a gul957 improvidence Terminal 1st 4a... 1956 169",566 90 84 76 102 % Sale 85% Sale 79% Sale 1960 F Be West Va lat 4Hs ser A ..1958 lat mtge 4Ha series B 1959 lat mtge 4Hs aerlea C ...1960 Pitts Y A Ash 1st gen 4a ser A..1948 1st gen 5s aerlea B ......1962 1st gen 5s series C 1974 1st 4 H* aerlea D__ .1977 40,066 MN 1949 F A ...1953 J D .....1957 MN General g 5a aer B General 4 Ha series G £!!!* Pitta 9% 107 80% 75% J 1974 P .1977 J 1981 J Sale Sale Sale 116% Sale 5% 105 A 109 89 61 1990 A 0 Peoria Be Pekln Un 1st 5Hs A...1974 F Pere Marquette 1st 5a series A...1956 J Sale 101% 100 % 87% 115% 109 % J Cony deb 3H«———————1952 A O Peoples Gas Be Coke lat .is. 1943 A O Refunding gold Si... 116% Sale J General 4%« aerlea D.........1981 A Gen mtge 4 Ha aerlea E 1984 J 97% Sale 101 98 108 % 114 113 ... 177,000 78,000 930,000 423,000 444,000 324,000 276,000 532,000 32,000 73,000 3,000 49,000 22,000 91,000 10,000 58,000 581,000 35,000 41,000 25,000 40,000 159,000 245,000 198,000 243,000 637,000 26,000 J O 101% Mar. 31 103 101 M S 44-year guar tr ctfa 4a Ser B.. 1952 M N 94,000 28-year 4a 1963 62,000 Penn Dixie Cement 1st is A 1941 16,000 Penn Glass Sand 1st mtge 4%s..l960 105% 101% Sale 103% Sale Sale Sale 105 ..... ' April, 1938] Sales in RANGE SINCE PRICES IN MARCH Price BONDS March Value 39 EXCHANGE—BONDS V. Y. STOCK JAN. 1 Jan. 3 N. Y. STOCK EXCHANGE Mar. 1 1938 $ Bid 1 Ask Mar. 31 Ask Bid Bid Highest Sale Prices Sale Prices Sale Prices Sale Prices Ask Lowest Highest Lowest St Lout* Iron Mtn Ac South— 102,000 3,000 18,000 16,000 ♦♦River Ac Gulf Div 1st ft 4s__.I933 M N ♦Certificates of deposit..... {♦St L Peo & N W 1st 5s 1948 j~"i 1955 j j ....1950 J 63 60 17 & j St L Rky M & Pac 5s stmpd 65 67 80 Sale 73 44 59 % Sale 56% 59 17% Sale 65 44 Mar. 28 53% 56 Mar. 11 15 12 Mar. 29 65 Mar. 18 69 1 4 1 59% Mar. 56% Mar. 17% Mar. 66% .... 12 75 67 Sale 44 65 Mar. 28 64 55 Jan. 62 Jan. Jan. 5 5 12 Mar. 29 18% Jan. 15 Jan. 28 31 69 Mar. Mar. 26 15 Jan. Mar. 30 13% Jan. 15% Jan. 13% Jan. Mar. 5 13% Mar. 11% Mar. 13% Mar. 1 2 1 8% Mar. 30 12 Mar. 1 7 12% Mar. 10% Mar. 1 2 7% Mar. 30 6% Mar. 31 67 3 5 {♦St Louis-San Francisco Ry— 276,000 233,000 95,000 66,000 281,000 189,000 75,000 ♦Prior lien 4s series A ♦Certificates of deposit 71,000 "i",666 i S ♦Certificates of deposit stamped. tSt Louis Southwest 1st ft 4s 1989 MN ♦2d ftold 4s Income bond..Nov 1989 J ♦♦1st terminal Ac unlf 5s 1952 J 124.000 J J J ♦Gen Ac ref 5s series A 1990 J St Paul At Duluth 1st consoi 4s..1968 J J t♦St Paul E Grand Trunk 4%a D 275,000 52,000 188,000 2,000 813,000 217.000 12,000 n* 101 102 IggK 119 82 % J 109 % 110 109 u2m 16 ♦Stamped 1946 A o 20 ♦Stamped 1989 MN ♦{♦Seaboard Air Lino 1st g 4s ..1950 A O ♦♦Stamped 4s 1950 A O ♦Adjustment 5s Oct 1949 F A 20 ... Sclo Vail At N fi 1st guar g 4s O 1959 A ♦Certificates of deposit ♦1st At cons ....1945 M S 6s series A ♦Certificates of deposit ♦♦Atlan-BIrm Div 1st g 4s.May 1933 tSeaboard-All Fie 1st 6s A 1935 173,000 m"s 32% 115 14 14 4 V* fi 22 4% ♦Certificates of deposit.... I°5* "l~5% 15% ol* Sale 14 7% Mar. 30 6% Mar. 31 Sale 45 28 Sale Sale 15% Mar. 18 9% Mar. 29 100% 103 98 110% Sale 109% Sale 108% 110 110% 12% 19% "22"" 21 20 15% 16 28 32% 24 28% 32% 108 113% 116 12 15% Sale Sale 15 9% 2% 3% 4% 8 4% 6% 3% 8% 4% 110 Sale A™ 8% 9% 25 22 103 Sale 2% 5% 2% 97% 54% 98% 72% Mar. 1 16% Mar. 4 "7% Mar ."26 8 Mar. 4 Mar. 100 Mar. 110% Mar. 116 Mar. 12 Mar. 74 100 45 Mar. 8 3 110% Mar. 30 110% Mar. 19 110% Mar. 4 Mar. 29 26% Feb. 8 15% Mar. 18 9% Mar. 29 Feb. 7% Mar. 26 6% Mar. 19 108 110 Feb. Feb. 17% Jan. 25 26 31 Mar. 32% Mar. 26 31 Mar. 8 116 Mar. 8 26 Mar, Mar. Jan. Jan. Mar. 16 Sale 8 114 20 Mar. 14 15% 3% 6% 4% Mar. 14 9 1 4 Mar. 4 Mar. 29 Mar. 31 27 116 20 29 26 2% Mar. 28 4% Mar. 30 4% Mar. 29 1 6 8 6 Mar. 31 Mar. 25 Mar. 9 Mar. 25 7% Mar. Mar. 17% Mar. 25 e22 3 17% Mar. 25 4% Mar. 7 2% Mar. 26 6 6 2% Mar. 26 5 15 31 26 Mar. 7 21 Jan. Jan. Mar. 26 13 Jan. * Jan. Mar. 29 25 9 Jan. Jan. 17 98 23 30 16 Mar. 14 2% Mar. 28 4% Mar. 30 4% Mar. 29 12 Jan. 17 Mar. 15 20 Mar. 10 30 Sale Jan. 4 20 Sale 11% 67% 34% 24% 4 110% Mar. 19 4 8 112% Jan., Mar. 29 1 10 18 Mar. 18 15% Mar. Jan. Feb. 4 102% Jan. 25 4 110% Mar. 29 118% Jan. 45 4 Mar. 30 81% Jan. 6 110% Mar. 30 109% Jan. 16 116 12 10 14 100 28 ~25"" 10 10 9% Jan. 9% Jan. 11 17 Sale 4% 20 45 Mar. 30 32 Sale 4% Mar ."26 6% Mar. 19 Sale 109% Mar. 108% Mar. Mar. 112% 110 18% 6% 4 "7% 109 6 13 Mar. 34% Mar .15 93 11 45 71% 109% Mar. 29 Mar. 31 94% 23 9 4% Sale Mar. 30 53 5% Sale Sale 7 15% 9% Sale J Sale Sale "25"" J Sale Sale 8% Mar 26 7% Mar. 30 8% Mar. 30 28 ..... 9 Sale 40 100 Santa Fe Prase At Phanlx 1st 5s.. 1942 M S J {♦tSchulco Co guar 6%« —1946 J ♦♦Refunding g 4s M Sale 71% 35 29% 20 % 20 % 15% >20 J Sun Antonio Public Serv 1st 6s A. 1952 J San Diego Cons G Ac El 4s 1965 M N ♦Guar sinking fund 6%« B. I* 11% Sale 8 tPacific Ext sterSlnft guar 4s.. 1940 J St Paul Union Depot 1st 5s guar_1972 J San Ant At Aran Pass 1st guar 4s. 1943 J 11,000 27,000 3,000 4,000 9 ~13% J {♦St Paul & K C Short L guar 4%al941 F St Paul Minn Ac Manitoba— 20,000 16,000 47,000 44,000 50,000 1,000 }o2* A .1947 23,000 24"66o 8% , Sale ...1950 j ♦Certificates of deposit..... ♦Con M4Hs series A 1978 M ♦Prior Hen 5s series B 62,000 Sale Mar. 14 8 Mar. 14 Mar. 14 17% Jan. 10 Jan. 4 Jan. 11 Jan. 11 Jan. 10 fg P Jan. 10 3 5% Jan. 10 22 Jan. Series B 1,000 547,000 12,000 49", 666 12,000 85,000 82,000 137,000 225,000 5,000 184,000 85,000 82,000 23,000 88.000 ...1935 ♦Certificates of deposit...... Shell Union Oil deb 3%a 1951 M Shlnyetsu El Pow 1st 6%a 1952 ♦♦Siemens At Halskesec a f g 7s.. 1935 ♦Debenture a f 6%« 1951 ♦Silesia Elec Corp 6^« .......1946 Slleslan-Am Corp coll tr g 7s Simmons Co conv deb 4s 45i S 1 D J J M S F 5% 98 % Sale 64 A 98% 60% 66 61% 98% 69% Sale 67% *72"" 23 20 '77% Sale" 1941 75 % 97 80 97% 106% Sale .....1947 101% 67 Sale 80 Sale Sale Sale 102% 108 108% 106% 108% 109% 107% Sale Sale Sale 1015^ 102% 104 Socony-Vacuum Oil deb 3Hi. 1950 107% Sale 107% 107% Sale 92 Sale 92 88% Sale 98 Sale 91 Sale Sale 95 92 Sale 97% 66% 75% 61% Sale Sale Sale Sale May 1 1969 M N 61 Sale M N 61 Sale 1946 J Sale 96 Sale 100 Southern Kraft Corp 4%« 22% Mar. 64% Sale 118 1951 28 "77% South Ac Nor Ala gu 5s..........1963 ... 69 87 Southern Bell Tel Ac Tel 3%l 1962 A O Southern Calif Gas 4 Hs ....1961 M S 1st mtge Ac ref 4s 1965 F A Southern Colorado Power 1st g 6s '47 3 4s 75 75% 99 93 98% 105 106% Sale 112% 115% 111% Skelly Oil debenture Sale 69 3% Mar. 11 3% Mar. 11 97% Mar. 31 101% Mar 18 68 Mar. 3 70% Mar. 16 Mar. 2 8 72% ..^ar. 30 23 3% Mar. 11 4% Jan. 7 97% Mar. 31 101% Mar. 18 54 Jan. 12 70% Mar. 16 61% Jan. 20% Feb. 72% Mar. 30 77% Mar. Mar. 25 64 31 64 30 77% Mar. 87% Mar. 3 80 3 79% Jan. 88 Jan. 7 31 99 Mar. 2 93 99% Jan. 19 31 107 Mar. 2 105 Mar. Mar. 93 Mar. 105 Mar. 111% Mar. 31 113% Mar. 24 102% Mar. 31 104% 106% Mar. 31 108% 107% Mar. 29 108% 92 Mar. 31 96% 88% Mar. 31 93% Mar. A ar. Mar. 9 6 14 23 Jan. Mar. 108 Mar. 25 3 Jan. 18 120% Jan. Mar. 111% Mar. 4 9 101% Jan. 4 104% Mar. 106% Mar. 31 108% Jan. 18 107% Mar. 29 108% Jan. 19 Mar. 11 92 Jan. 3 Mar. 88% Mar. 31 93% Jan. 8 99% Mar. 91 57 Mar. 44 67% Mar. 56% Mar. 56% Mar. 56% Mar. 71% Mar. 99% Mar. 9 69% Jan. 11 76 Jan. 10 30 4 Feb. 3 100 Southern Natural Gas— 116,000 31,000 563,000 709.000 1st mtrte pipe line 4%a 1951 Sou Pac Co 4s Cent Pac coll Aug. '49 1st 4%a (Oregon Lines) ser A..1977 Gold Gold 4%s 1981 10-year secured 3%a ...1946 J J 4s... .1950 A O San Francisco Term 1st 133.000 726,000 1968 M 4%» Gold 4%a 1,131,000 795,000 337,000 South Pac RR 1st ref guar 4s 4s stamped .... 746",000 1.003,000 486,000 568,000 A J M 1955 J 624,000 214",666 152,000 26.000 "37",005 193,000 390.000 23,000 478,000 Sale 42 32% 30% Sale Sale 31% Mar. 30 30 Mar. 31 30% Mar. 31 Sale 51 Mar. 30 ir Sale 79MS 77 80 77 Mar. 29 100 Mar. 61 Sale 61 Mar, 31 79% Mar. 61 29 10 5 Jan. 83% Jan. 104% Jan. 11 93 Jan. 15 5 Jan. 3 64% Mar. 42% Mar. 48% Mar. 29 23% Mar. 29 83 29 29 52 Mar. 26 63 29 54% Mar. 28 Mar. 29 Mar. 29 52 Mar. 11 52 Mar. 11 52 Jan. 60 58% z61% Mar. 17 71 Mar. 83 Sale 64 47% Sale 42 Sale 25 Sale 63 Sale 52 Sale 27 Sale Devel At gen 6Hs series A 1956 o 64% Sale 53% Sale 29 Sale 1996 St Louis Div 1st g 4s... 1951 East Tenn reorg lien 5s.1938 M 64 Mobile At Ohio coll tr 4s 1938 M S Southw Bell Tel 3%a series B 1964 J D S'western Gas Ac Elec 4s ser D...1960 M N "79"" Sale {♦Spokane Internat 1st g 5s....1955 J 16 13% 101% 103 100% Sale 100% J J 1946 F A Standard Oil N J deb 3s. Staten Isl Ry 1st gu g 4%s. 1961 J D 1943 •' deb 6s..1945 •' D 1950IM 1 99 S Staley (A E) Mfg 1st mtge 4s 108% 103 Sale 58 "63" S 105 106% J 120% 122 J . 80 J "66"" Sale 49 i_-. 71 60 35" 47% 97% Jan. 61% Mar. 90 94% Sale 107% 108% Sale 103% 103% 102% 13% 9% Sale 107 Mar Sale 103 AA Sale 29 108% Mar. 102% Mar. 31 103% Mar. 13% Mar. 9% Mar. 30 101 Sale 101 101% Sale 101 Sale 101 Sale "46% Sale 107 107% 105% Sale 122 125 68 107 101 Jan. 64% Jan. 3 Jan. 10 4 6 12 100 95 122 Mar. 28 125 Mar. 98 Sale 98 Mar. 11 100 Mar. 17 Sale 112 122 80 7 103% Jan. 17 14 105 Jan. 21 Jan. 8 102 Mar. Jan. Mar. 2 100% Jan. 28 72% Jan. 12 107% Mar. 17 Feb. 119% Feb. Jan. 109% Jan. 46% Mar. 105% Mar. 66% Mar. 107% Mar. 46% Mar. 105% Mar. 97% Jan. Mar. Jan. 9% Mar. 101 Mar. 31 103% Mar. Mar. Mar. 31 102 99% 99% 65"" 47% Jan# 79 79% 53" 48% iviar 23% Mar Mar 28 Mar 9 125 Mar. 7 Copper & Chem— 1944 97 81 1044 115 1953 Conv deb 6s series B 108 Tenn Elec Power 1st 6s series A First cons Gen ref s g 5a_....... f gold 4s 98% 101 79% Sale 104% Sale 112% 114 104% Sale 106 Tarm RR Assn of St L 1st g 4 %8 '1 exarkana Ac F S Ry 5%a A guar.1950 lexas Corp deb 3%s_—«• 1951 79 Ac N O cons g 5s T exas Ac Pacific 1st g Gen ref 5s ser 5s 2000 B 1977 1979 Gen Ac ref 5s 1980 ser D Tex Pac—Mo Pac Term 5H* A--1964 M Third Ave 1st ref 4s 1960 J Jan I960 A ♦Adjustment Income 5s ♦♦Third Ave RR 1st gold 5a 1937 J Tidewater Assoc Oil deb 3%a 78 102% 112 102 Sale S J O J 1952 J J J D Toledo At Ohio Cent ref At Imp 3%s '40 J D Tol St L Ac West 1st g 4s 1950 A O Tol W Va Ac Ohio 1st guar 4s C..1942 M S For Ham Ac Buff 1st 4s 1946 J D 77% Mar. 30 86% 103% Mar. 30 105% Mar. 31 113% Sale 102 Mar. 31 105% 81 73% 76% Mar. 24 Sale 103% Mar. 31 106% Sale 103% 80 102% 113"" 114% 105"" 110% 109% Mar. 14 114 76 70 74% Mar. 22 84 83% 84% 83 71% Sale 85% 71% Mar. 31 84 85 Mar. 29 72 87 70 75% 83% 98 96% 98% Mar. 24 98% 103% 31 25 Mar. 31 "25% Sale 30% Sale 7% 4% Sale 3% Mar. 30 7% Sale 8 75 72 Mar. 85 73% 72% 68% Sale 99 Mar. 31 102 99 101% Sale ....1943 Gen At ref 5s series C 97 105% - exas Mar. Mar. Mar. 13 63 26 Sale J o Iron At RR gen 5s.....1951 63% Jan. 63% Jan. 98 O Coal Mar. Mar. 30% Mar. Sale 1994 Tenn 42 Mar. Mar. 31% Mar. 51 77 Sale 1956 ♦Studebaker Corp conv Swift Ac Co 1st M 3%a 44 Sale 1956 T 103,000 220,000 55,000 1,000 Sale 42% "42"" Devel Ac gen 6s series A Tenn 23,000 187,000 64,000 52,000 467,000 67,000 349,000 60 Sale Sale Mar. 31 Mar. 29 Mar. 31 Sale 71% 1955 Memphis Div 1st g 5s 16",606 67% 56% 56% 56% Southern Ry 1st cons 5s Devel At gen 4a series A t.666 u9,000 132.000 60.000 133.000 3 83% Sale 103% Sale 92% Sale 57% 91 95 Feb. 100 Feb. Mar. 25 Mar. 12 Mar. 2 Mar. 10 70% Jan. 103% Mar. 106% Jan. Ill Jan. 114 102 Jan. 108% Jan. Mar. 76% Mar. 103% Mar. 24 4 Mar. 12 Mar. 3 Mar. 4 Mar. 2 109% Mar. 74% Mar. 71 % Mar. 72 Mar. 24 Mar. 98% Mar. Mar. 3 25 Mar. 2 Mar. 4 Mar. 21 Mar. 3 Mar. 3% Mar. 71 99 Feb. Mar. 86% Mar. 25 14 81 Feb. Jan. 11 13 8 106% Mar. 12 116% 88% 88% 85% Jan. Jan. Jan. 12 12 11 104 Jan. 14 25 34 Jan. 13 Jan. 8% Jan. 13 73% Mar. 21 102 Jan. 12 Tokyo Rloctrlc Light (Ltd) 404,000 23.000 2,000 . " 2~000 1.000 42,000 1st M 6« $ Series June IS 1953 1949 M Trenton Gas At Elec 1st 5a Trl-Contln'l Corp conv deb 5s ser A'53 Tyrol Hydro-Elec Power 7%a " 5~000 Guar sec a f 7a t S J 1952 ♦{♦Union Elev Ry Chic 1st 5s V 40,000 85,000 113,000 235,000 ... June 2008 June 2008 M ......1970 A S O 35-year 3^1 debenture 1971 M N United Biscuit (Amer) deb 5s._.195A A O United Clgar-Whelan Stores 5s.. 1952 A 30. 99 65 O 55% Sale 88 75 104 Sale 95% 65 94 Sale "9% 118 106 107% 114% Sale 107% Sale 114% 92% 106% 70 65 Mar. 26 63% Mar. 10 Mar. 99 65 *. 1 Mar. 26 107% 100% 107% Mar. 10 Mar. 10 100 99% 100 103% 118% Mar. 21 118% Mar. 21 116% 118% i03 Mar. 31 105% Mar. 10 105 Sale 103 Sale 40 90 93 55% Mar. 31 96 Mar. 16 49% Jan. 96 12 63% Mar. 10 Mar. 16 102 Jan. 8 65 Mar. 26 80 Jan. 20 105 103% 117% 107% 108 117 Union Pac RR 1st At land gr g 4s. 1947 For footnotes, see page 101% 102 72 1945 Union Oil Cal 30-yr 6s ser A May 1942 3 %a debentures 1952 34-year 3 %s debenture Sale 106% 8% ......1962 First At refunding 4s 1st lien At re? 5s 62% A UJlgawa Elec Power secured 7s..1945 8,000 11,000 254,000 359,000 293,000 44,000 (Mo) Sale 1955 M N 28,000 119,000 Union Electric 60 30 72% 100 107% 9% "9% 117 117% 108% Sale 111% Sale 72% 107 8% 116% 104% 107% 107 Sale 114 115% 109% Sale" 96 Sale 94% 95 97 Sale Sale Sale a84% 106% 106% 105% 77 Sale 75 Sale Sale 9% 75 Sale 4 72% Mar. 31 105 Mar. 3 104% Mar. 31 107% Mar. 31 Mar. 31 Sale 109% Mar. 28 Mar. 17 89 87% Mar. 29 Sale z85 Sale Sale Sale 97 75 Mar. 4 Mar. 10 103% 118% Feb. 28 118% 103 Mar. 31 108% 94 Feb. 18 97 75 Mar. 4 96 76% Mar. 70 Jan. 80 Mar. 105 Jan. 108 Mar. 28 108 9% Mar. 15 117 Sale Mar. 100 9% 117% 108% 111% 107% 114% Mar. Mar. Mar. Mar. Mar. Mar. 9% Mar. 117 Feb. Jan. Feb. 3 Mar. 8 108% Jan. 114% Jan. 107% Jan. 109% Mar. 116 Mar. 89 85 Mar. Mar. 105% Mar. 69% Jan. 7 17 9% Mar. 2 118% Jan. 14 104% Mar. 107% Mar. 97 Mar. 95% Mar. 105% Mar. 31 107% Mar. Mar. 30 75 77% Mar. 96 Feb. Jan. 26 Mar. 21 Jan. 7 96 8 3 3 Jan. 14 Feb. 17 95% Feb. 23 107% Mar. 19 77% Mar. 15 N. Y. STOCK 30 Sales in N. Y. STOCK EXCHANGE 1938 Mar. 1 Ask Sale United Draft Go (Del) 5s—..... 1953 1944 UNJ RR Ac Canal Co ften 4s 25,000 41,000 505,000 44,000 6,000 26,000 56,000 168,000 274,000 343,000 ♦{♦United Rys St L 1st ft 4a —... 1934 U S Pipe & Fdy conv deb 3)£s..„— 1946 M (' 8 Rubber 1st Ac ret 5s series A.. 1947 J 9,000 118,000 70,000 *818 Sale 112 J Sale 106)4 ♦♦Debenture 5s............... 1959 A 4s A......... 195f ... A MN 1934 J J M 83 2)4 45 J {♦♦Wabash RR 1st ftold 5s...... .... F 1939 ♦Second ftold 5s 59)4 105 ♦Det At Ch Ex 1st ft 5s ♦Dea Moines Dlv 1st ft 4s ♦Omaha Dlv 1st ft 3Hs 1*01*,000 7*3", 000 1*2*4* 000 320,000 101,000 A ............ 280,000 139,000 35,000 87,000 135,000 156,000 250,000 380,000 14,000 141,000 20,000 *3*2*666 3,000 161,000 17,000 11,000 66,000 3,000 17,000 5,000 23,000 12)4 Sale VC 12)4 13 *1*2)4 Sale 1945 J*~D 10254 104 1955 A 1955 A ... .... Sale 100 42)4 Sale 24 H Sale ....... 11)4 51 50 4s... ser A... O J A O 1946 M 91)4 95)4 107)4 F \l» M N P D 1960 M S ♦Westphalia Un El Pow 6s 1953 1 J West Shore 1st 4s ftuar..... 2361 J 60 Wheeling Steel Corp 4)4* *er A.. 1966 F White Sewing Machine deb 6s...1940 M {♦ Wllkes-Barre A East 1st £u ft 5s 1942 J Wllmar A Sioux Falls 1st 5s A 1938 1 1955 J 354*---...... 1947 A 103)4 654 18)4 Sale Sale Sale Sale Sale" 100 35 Jan. 12 20 Mar. 26 30 Jan. 27 Sale 654 Mar. 29 92)4 & Sale 100 Sale loiH 82)4 109)4 O 101)4 Mar. 4 11 Mar. 1 1154 Mar. 1 11 1 Mar. 28 100 Mar. 31 56 Mar. 31 Mar. 6)4 Mar. 23 1 82)4 10754 23 49 Sale m N 20 8 . 9 \l* 7)4 6)4 43 59)4 10 Mar. J to N 96)4 454 5)4 3 954 1 Jan. 13 Jan. 14 Fel. 10 Jan. 19 Mar Feb. 3 8 79)4 Jan. 43 V4 Jan. 10 21 100 68 Mar. 63)4 Mar. 29 Mar. 29 106 Mar. 89 68)4 Mar. 76 106 31| 108)4 Mar. Mar. 28 Mar. Mar. Mar. "79)4 92 Mar. 10 Sale 5 12 123 Jan. 27 Mar. 102 Jan. 120 Jan. 10954 Feb. 106)4 Jan. 110 Jan. 108 Mar 13 4 27 1 102 1045 Mar. 25 99 Mar Mar Mar. Mar. 116 Mar. 68)4 Mar'. 76 Mar. 95)4 Mar. Mar. Jan. 93 98)4 Jan. 10854 Jan. 10 5 21 Jan. 15)4 Mar. 1954 Mar. 15)4 Mar. 20 Jan. 52 61 Mar. 52 Mar. 68)4 Jan. 12 63)4 6154 23)4 67)4 60H Mar. Mar. Mar. Mar. 4854 Mar. 4754 Mar. 20)4 Mar. VoHJan. Jan. 75)4 Jan. 12 11 28 3 Feb. 15 105)4 Jan. 11054 Jan. 27 106 20 Mar. 4854 Mar. 4754 Mar. 20)4 Mar. 49 Mar. 52 Mar. 105 16 Mar. Mar. Feb. Mar. 49 Mar. 52 Mar. Mar. 108 79)4 Mar. 31 4 Mar. 100 Mar. 9654 Sale" 91)4 Mar. 6 100 Mar. I Sale Mar. 83 Mar. 109 4 Mai. 8 Mar. Sale 654 Mar. 6)4 Mar. 6)4 Mar. Sale Sale 754 105 79)4 Mar. 91)4 Jan. Mar. Mar. 96)4 Feb. Mar. 10754 Sale" Jan. 100 Mar. Mar. 98)4 Mar. 8)4 654 6)4 4)4 7 Mar 105)4 Jan. 110 27 15 7 5 4)4 100 108)4 Mar Jan. iviar Mar. 100)4 71 Mar. 107)4 Mar. 104)4 Mar. 121)4 Feb. Mar. Mar. 108" " 20 D 13 654 Mar. 31 654 Mar. 18 105)4 Jan. 105 14 10 38 Sale 109"" 86 Feb. Mar. 28 79)4 Mar. 18 71 105)4 "l5~" 10 7 14)4 Jan. 10 11H Feb. 23 13)4 Jan. 13 11)4 Jan. 12 10 Mar. 31 104)4 56 Mar. 31 71 72)4 Mar. 29 82 103)4 Mar. 105"" Sale 20 Mar. 16 20 Sale Jan. 654 Mar. 29 63)4 Mar. 16 Sale 94)4 654 Mar. 29 29 105 75)4 Sale 6 554 100% 101 98 Sale 102 16 Sale 92 68)4 53)4 Sale 4854 Sale 4754 Sale 63 N 101 11 654 Mar. 29 91 Sale Sale Sale Sale J Mar. 16 70 Sale 67 A J 20 Mar. 16 72)4 Mar. 29 6354 Sale 31)4 Sale Sale 62 108 100 Sale 56 111)4 Sale 110 $4 85 ♦Certificates of deposit... ' Mar. 110 63)4 6154 23)4 F J 24 107)4 Mar. 11110 105)4 104)4 105 H 104)4 Mar. 19'105)4 12154 Sale 122 3-21)4 122 12154 Mar. 99 Sale 99 Mar. 10154 Sale 102 118 119 Mar. 11854 11954 110 109)4 109)4 Mar. 109)4 Sale 107 107 Mar. 108)4 Sale 108)4 Mar. 10254 Sale 10154 102 10454 V 11* 19 9 106 Sale 4 Jan. 2 105 95)4 Jan. 61 28)4 Mar. Mar. 24 24 m Sale 91 10754 10954 45 Mar. 9 20 82 105)4 D 75 Sale Mar. 55 ^3 5 70 67 J 1961 J Sa'le" 35 67)4 Jan. 654 Mar. 31 654 Mar. 18 107 J {♦Worcester AConn East Ry 4)4*194? 1 ~Jan7"l8 105)4 Feb. Sale" J J Wisconsin Public Service 4s 97 H Sale 75)4 Sale J I960 ♦♦Sup A Dul Dlv A Ter 1st 4s. 1936 M 2)4 Mar 10954 9954 Mar. 654 S {♦Wisconsin Cent 1st ften ft 4s..1949 ♦Certificates of deposit Winston-Salem S B 1st 4o 1)4 Mar. 29 10754 Mar. 42)4 Mar. /Sale 11 Sale 23 ...... VI Feb, 25 1 7 Sale I Erie RR 1st con ft 4s.. 1949 88 1 Sale Sale 99)4 107) 109 h 105)4 Sale 121)4 121 102)4 Sale 118)4 121)4 109 54 107 H 108)4 Registered 2361 I Wheeling & Lake Erie Ry 4s D..1960 M Mar. 31 Mar. 5 38 J Gold 5s 79 86)4 Mar. 7 5 66 1951 5s 87)4 45 5054 5054 Mar. 24 58 42)4 Mar. 31 11 70 1952 1950 7 Mar. 24 Mar. 24 78 79)4 Feb. 45 1 Sale Sale ♦Assented go,d 3 23 Mar. 1154 Sale 75 40 1952 A 1 Feb. Mar.H 1 Jan. 4 Jan. 3 Jan. 11 Jan. 11 55 9954 Mar. 30 105 9154 7)4 78 1st mtfte 3)4* series I.......... 1966 First & ref 5)4s series A......1977 2)4 Mar. 1 Mar. Sale 70 1st mtfte ft 4s series H......... 1961 55 11 80 1945 West N Y A Penn Gen ftold 4s... 1943 1 32 33 55 51 69)4 13 11)4 70 1963 4)48 Mar. 33)4 Mar. 45 '35*' 40 ..... 67 1956 1967 Conv debenture 5454 45 94 74)4 1948 Westchester Llftht ftold 5s Gen mtge 3 J4* ser Sale Sale O 1941 West Penn Power 5s series E Wilson A Co 1st M 4a Sale O 1939 Gold 90 5 3His.. ..2006 {♦Western Pacific lot 5s 28 13 AO Wash Wat Pow 1st ref 5s Western Union 4)4* 58 11 1945 Wheel A L 283,000 13 1980 Wash Term 1st ftuar 3)4*...... 1st 40-year ftuar 4s West Maryland 1st ft 69 % Sale A deb 6sl939 {♦Warien Bros Co deb 6s West Va Pulp & Paper 104)4 42 10 4)4*. 88 107)4 Sale 10754 Mar ."29 10954 Mar ."*3 35 Mar. 31 40 Mar. 9 35 Sale 89)4 Sale 9 Walworth Co 1st mtfte 4s conv 55 40 1941 ♦Certificates of deposit Walker (Hiram) G A W deb 40 45 25 1941 F Mar. 31 1)4 Mar. 29 Sale Sale" .... ..... Wash Cent Ry 1st ft 4a 61,000 25,000 10,000 28,000 165,000 35,000 1,000 57,000 98,000 .. 1978 ♦Certificates of deposit ♦Ref A ften 5s series D. Warner Bros Pictures 65 Sale 193* ... ♦Ref A gen 4Hs series C Warren R R 1st ref ftu ft .i..* 94 ♦Ref At gen 5s (Feb '32 coup) B. 1976 ♦Certificates of deposit. 6s debentures.. 109)4 67)4 Sale 34 50 X 43 68)4 {♦Wabash Ry ref At ften 5V*s A.. 1975 ♦Certificates of deposit 10,000 237,000 203,000 64,000 Sale 50 103 109)4 1939 M N 5s.._. 79 25 22 18 110 £ Virginian Ry 1st At ref 3)4* ser A. cons Sale 79 27)4 Jan. 27)4 Jan. 27)4 Jan. J 1958 A C 1966 M 8 First Sale Sale Prices Mar. 23 8154 Jan. 13 Mar. 29 10954 Mar. 17 Jan. 18 19)4 Mar. 30 27 107 Feb. 4 114 Mar. 3 103 54 Jan. 3 10654 Mar. 2 60 108 109)4 J 1955 M N 1949 Va Iron Coal Ac Coke lot ft 5s O F Vanadium Corp (Am) conv 6s... 1941 ♦Tol Ac Chic Dlv 1st ft 4s.... 189*666 Sale 8254 Sale Sale .... 116 Sale 88 Sale {♦Utilities Pow Ac Ltft deb ft 5H*. 1947 Virginia El Ac Pow 4s ser A "26)4 Highest Sale Prices Sale 33 ♦♦Vera Cruz Ac Pacific 1st 4)4*-- Sale Prices Sale 60 Mar. 23 77 Mar. 3 108 Mar. 29 10954 Mar. 17 109 25 19)4 Mar. 30 23)4 Mar. 16 19)4 Mar. 26 114 Mar. 3 107 11154 107 62 108 Sale 29)4 ♦1st lien 50-year ftold term 4s. 1954 1941 1,000 1 Lowest 50)4 50)4 31)4 « Highest Sale Prices Ask Ask Bid Sale Lowest Mar. 31 104H Mar. 25 10654 Mar. 2 10554 Sale 33 28)4 29)4 Mar. 18 33)4 Mar. 3 29 Mar. 17 34 30 Mar. 23 28)4 33 29 Mar. 17 33 Mar. 1 Sale 28)4 78 Mar. 24 77)4 84)4 Mar. 1 83)4 76 Sale Sale 79 7854 Mar, 29 84)4 Mar. 2 Sale 45 \ Mar. 24 Sale 45 50)4 Mar. 17 Sale 45 45 Sale | Mar. 24 50)4 Mar. 1 33 30 Va Ac Southwest 1st ftuar 5s.... 2003 J 439,000 *34* S 1951 ♦6)4« series C. ♦Slnklnft fund deb iHi Mr A.. 1947 Utah Llftht Ac Trac 1st At ref 5a.. 1944 1941 Utah Power Ac Llftht 1st 5s ♦•July 1914 coupon off.. "1*666 76)4 Sale Con sol 4s Series B_„.......... 1957 24,000 Bid ♦United Steel Wks ft 4tts ser A.. 1951 Vandalla conaol 142,666 JAN. Jan. 3 219,000 18,000 14,000 RANGE SINCE PRICES IN MARCH Price BONDS March Value EXCHANGE—BONDS 71 Mar. 10754 Mar. Mar. 13)4 Mar. 8 12' 654 Mar. 6)4 Mar. 6)4 Mar. Mar. 7)4 Mar. 654 Mar. 105)4 Mar. Mar. 105 954 5 Mar. Feb. Feb. 63 4 Jan. 15 92)4 Feb. 10 Jan. 14 4 3 93 1015?, !»* 109)4 15)4 14)4 8 M 654 105)4 5)4 Jan. Jan. Jan. Jan. Jan, 10 4 Jan. 8 5 Jan. 10 Mar 14 Mar. 29 Feb. 18 Younftstown Sheet A Tube— 409,000 1st mtfte a f 4s series t The price represented is the C.........1961 dollar quotation 200 pound unit of bonds. Accrued interest payable at exchange rate of $4.8484. per a the Negotiability impaired by maturity. ♦ Bond selling flat. 7 Called for redemption. 96)4 Sale 96)4 Mar. 31 Under the rule sales, only transactions of the current month and not included in r year's range. Cash Ex-interest. sales, only transactions of the current month, and not included in year's range. : - • Sale Deferred delivery sales, only transactions of current month, and not included in year's x such companies. 99 range. n $ Companies reported as being In bankruptcy, receivership, or being reorganized under Section 77 of the Bankruptcy Act, or securities assumed by Sale e The following cash sales during the current month and In the monthly or yearly range: "i '■ were are transacted not included Atlanta & Birm 4s 1933, March 22 at 25, z 99)4 Mar. The 5 following 96)4 Mar. 31 100H Jan. deferred sales delivery 1952, March 29 at 71. were transacted during the current month and are not included in the monthly or yearly range: Alpine Montan Steel 7s 1955, March 28 at 3254, Canadian Pacific 5s 1944, March 31 at 111)4. Cuba 5s 1944, March 24 at 10154. Cuba 5s 1949, March 11 at 101)4. French 7s stamp 1949, March 30 at 104)4. Harpen Mining 6s 1949, March 15 at 26. Hungary 7)4s 1944, March 21 at 40)4. Illinois Central 4s 1951, March 2 at 90. Mobile & Ohio 4s 1938, March 22 at 61. Paris-Orleans 534s 1968, March 31 at 78)4. Roumania 7s 1959, March 5 at 2654 ' Union Pacific 3)4s 1971, March 31 at 84)4. . Atlanta Coast Line 4s 20 New York Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF STOCK PRICES DURING MARCH 1938 Stock Sales 1937 1938 March... Shares Jan. 1 to March 31... Bond Sales 61,673,795 1937 1938 March. 50,346,000 159,265,706 22,995,000 $422,794,000 1,050,940,000 $169,432,000 : 462,935,000 Jan. 1 to March 31 In accordance with lots except in the case a rule of the Stock Exchange, effective Oct. 3, 1915, ail stocks are now quoted dollars per share. Prices are on a basis of 100-share of stocks which sell only in a small way. NOTICE—Cash and deferred delivery sales are disregarded in the month's range, unless they are the only transactions of the month, and when selling outside of the regular monthly range are shown in a footnote in the month in which they occur. No account is taken of such sales in computing the range for the year. AGGREGATE • SALES March Shares 1,800 Laboratories.......4' 240 Abraham £i .str* 400 Air Reduction Inc..... ....♦ 49 31,900 Air-Way Elec Appli Corp Alabama fit Vlckaburg Ry.100 274,700 Alaska Juneau Gold MIn.10 Albany 8c Susquehanna..100 109,200 Allegheny Corp............* 45,500 Pref series A $30 warr'ts .100 3,700 Pref series A $40 warr'ts I0« 1,700 Pref series A $30 ex-war 100 6,300 $2.50 prior cons pref.....* 43,400 Alleghany Steel 11,000 Allen Industries Inc 1 47,700 Allied Chem A Dye... 4,400 Allied Kid Co 5 30,100 Allied Mills Co Inc • 169,200 Allied Stores Corp * 5,000 5% preferred 100 250,800 Allls Chalmers Mfg • 20,900 1,500 Adrauce Rumely 1 Adams Express ...25 • ...... 105,000 12,800 24,500 3,500 29,500 6,200 37,100 2,090 35,900 1,210 56,700 2,900 56,500 6,800 81,000 4,800 11,400 1,700 7,400 3,100 13,500 12,500 440 18,300 1,600 21,100 2,200 40,000 " 3",66O 40 33 40 30 35 44% 33% 250 15,200 200 20 20% 21 PP Sale * 1% 1% Alpha Portland Cement....* Araalg'mLestheiCos,lncNewl 6% cum preferred... 50 Amerada Corp • Aoer Agrlc Chemical (Del).' Coal Co of 93,600 17,800 24,400 10,800 7,900 48,500 5,100 12,600 16,300 7,400 30,000 92,500 9,400 25,900 20,700 5,900 7,200 4,800 3,600 22,000 2,800 6,400 8,000 5,700 15,700 28,700 3,300 11,800 11,100 27,300 71,600 1,000 7,060 208,200 700 2,420 72,700 12,300 13,800 122,700 38,300 45,400 302,100 60 T 139,500 18,000 7,500 15,000 8,200 366,700 Sale Sale 72 52% Sale 60 11% Sale 11% 67 Sale 1% Sale 1% Sale 200,800 10,900 9,300 5,000 6,500 221,500 18,500 56,900 7,100 51,100 182,600 1,400 23,200 42,000 9,500 16,400 56,900 2,000 405,300 2,200 5,200 191,600 3,000 1,268,000 8,200 13,000 420 660 168 Sale 15* Sale 8% 12% 7% Sale 57 67* 58% Sale 49% Sale 42% Sale 115 123% Sale 70 165 167 13% Sale 6 Sale 5% 8 11% 4% 6 Sale Sale Sale 8% Mar. 31 100 * *.* preferred A * $6 preferred..... Am Hawaiian Steamship 10 American Hide 8c Leather ..1 6% preferred.. 50 Amer Home Products....... 1 American Ice *% preferred—.—.....100 Amer Internal Corp....— ' Amer Locomotive ' Preferred 10t Am Mach 8c Foundry Amer Machine 8c Merals * American Metal ' 6% Con* preferred 100 American News Co new....* Amer Power A Light— * $6 preferred..............* $5 preferred —* Am Radiator 8r Stand San..* 2d Preferred...... ....100 5 8 i Mar. 1 Mar. 1 1% Mar. 9 11% Mar."I 5 8% Mar. 22 Mar. Mar. 4 8 7 Mar. 2 Sale 8% Mar. 28 4% Mar. 26 Mar. 2 Mar. 2 Mar. 4 Sale 2 3 Sale 4% "8% Mar."3l "l3% "FebT 2 1 9 10 7 40% Mar. 31 % Mar. 30 2 2 7 24 23 % Mar. 31 6% Mar. 30 1% 17% 17% 17% 17% 21% 9% 176% 9! 14! 9% 53% 51% Mar. 30 Mar. 31 11% Mar. 31 4% Mar. 30 124 Mar. 31 7 Mar. 31 * 8% Mar. 28 4% Mar. 26 Sale Sale 34% Mar. 31 Sale 11% Sale 11% Mar. 1% Mar. 13% Mar. 2% Mar. 15 10 Mar. 58 Sale 58 50 Sale 49 16 69 62 Sale 10% 49% Sale 10 Mar. Mar. Mar. 15 Mar. 10 Sale 49% Mar. 23% Mar. 55 Mar. 49% Mar. 31 23% Mar. 31 70% M* ilg* 2 23 Mar. Mar. 4 Sale 54 Sale Sale 89% Sale 163% 165 Sale Sale 92 104 23% Sale 108 75% 160% 115 Sale 160% 12% 27 9% Sale If* eVi Sale 88% Sale Sale Mar. 15 17 17 10 19 12 11 Jan. 11 15% Jan. 3% Jan. 34% Mar. 31 11 24 57 72% Feb. 21 Mar. 49 Jan. 3 Mar. 26 Mar. 30 66 Jan. Jan. 15% Jan. 55 Mar. 11 12 8 15 3 42% Jan. 3 2 23 8 Jan. 12 VP Jan. 15 50 17 17% Jan 100% Jan. 24 1U5% Mar. 15 Mar. 25 125% Feb. 91% Feb. 3 70% Jan. Feb. 160% Mar. 30 167 Mar. Mar. 116 165% Mar. 25 46 Jan. 12 12 12 Mar. 90 Mar. Mar. Mar. Mar. Mar. 31 Jan. Jan. Jan. 11 Mar. 123 Mar. 75% Mar. 38 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 11 % Mar. 30 1% Mar. 26 10 Mar. 30 39% Mar. 116 Sale Mar. 31 10 20 Feb. Feb. 2 Mar. 11 11 14 58% Jan. 1% Jan. 2 Mar. 11% Mar. 31 4% Mar» 30 124 Mar. 36% Feb. 4 45 Mar. 30% Mar. 23 36 52 Jan. 33% Mar. 31 10% Jan. 6% Mar. 30 14% Mar. 31 z20% Jan. 23 Jan. 16% Mar. 31 Mar. Mar. Sale Mar. Mar 12% Mar. 30 27 15% Mar. 90% 25 88% Mar. 31 105% Mar. 15 6% \k 80 8 5% Sale 8% }|« 87 80* 8 Sale Sale 15 Sale 10% 3% 11 % Sale 22 33% 24 Sale Sale 15% 6% 7% Sale Sale 176% 300 3% Sale 20 25 17% Sale 4 5% 172 23* 18* 10% 3% 20 36% 2 18 19 Sale 7 22 63 "Sale 64 13 Sale 13% 3% 30 101 26% Sale 119 27% 5 Sale Sale 30 Sale 4% Mar. Sale Sale 9 Sale Sale 79 86% Sale Sale 9 5% 300 Mar. 31 9% Mar. 29 100% Jan. 24 88% Mar. 31 Sale 165 . 4 5 Mar. 4 Mar. Sale Sale Sale 2% Mar. 30 13% Mar. 29 5% Mar. 30 21 Sale 10 11 Sale Mar. 9% 18% 10% 3% 20% 36% 2% Mar. 15 Mar. 15 Mar. 18 1 Mar. Mar. 4 Mar. Mar. 2 13% Mar. 28 4% Mar. 30 18 Mar. 2 7 Mar. 1 Sale Sale 2 22 Sale 12 Sale 14 18% Mar. 26 Mar. 29 Mar. 29 30% Mar. 26 1% Mar. 30 Mar. 31 Mar. 31 2% Mar. 31 Sale 23 101 99% Mar. 30 Sale 20 Sale Mar Mar. 29 3% Mar. 29 19 Sale 16% Mar. 31 164% Sale 9 Mar. 30 13% Mar. Mar. 10 Sale 11 Sale Sale 29 Sale 29 Sale VP 50 Sale 15% 7% 23% 28% Mar. Mar. Mar. Mar. American Tobacco .... 25 Class B 25 *% preferred....—....100 American Type Founders...* Am Wat Wks A El ..* $6 1st preferred. .........* American Woolen..........* Preferred —.....100 Amer Zinc. Lead 8t Smelt...1 $5 prior con* prsf- a««Se* 25 Anaconda Copper 50 Anaconda Wire 8t Coble • Anchor Hocking Glass Corp* $6.5* con* preferred......* Sale 52 133% 134 31% Sale 21* Sale 29% Sale 9% Sale 29 27% 112% 120 60% 63% 138 29 Sale 45 16% 7 24 10i% 13 Sale Sale 32 i% 40 Sale 30 8* Sale 32% Sale 39 15 Sale 17% 101 Sale 104 42 Sale 106% 25 15 Jan. 15 12 12 23% Mar. 31 28% Mar. 31 35% Jan. 11 56% Jan. Sale 136% Mar. 139 Mar. 130 Mar. 29 131 52 Mar. 30 Jan. 17 139 Sale 15% 6% 21% 101% 12% Mar. Mar. Mar. Mar. Mar. 30% 9% 28% 117% 15% 6% 21% 101% 12% Mar. Mar. Mar. Mar. Mar. Mar. Mar. Ill Mar. 58 Mar. Sale Sale Sale 58 Sale 59% Sale f 22% Jan. 47 Sale Sale Sale 70 Sale Sale Sale Sale Mar. Mar. Mar. Mar 17 % Mar. 137 % Mar. 67% Mar. Mar. Mar. 58% Mar. 134 Mar. 3 % Mar. 6 Mar. 77% Mar. 3% Mar. 23% Mar. 4% Mar. 25 Mar. 21% Mar. 34 29 29 Mar. 40 10% Mar. 97% Mar. Mar. 3% Mar. Mar. Mar. Mar. 22% Sale 30 11% Sale 97% Sale 58% Mar. 134 Mar. 6 Mar. 76 Feb. 33% Mar. 7% Mar. 30% Mar. Mar. Mar. 17% Mar. 105 Mar. 12 Feb. 23 20% Jan. 14% Jan. 103 Sale Sale 12 12 Jan. 78 Mar. 29 Mar. 58 88 51% Mar. Jan. Jan. 13% Mar. 30 15% Mar. 31 7% Mar. 26 Mar. 65% Sale Sale 67 139% 139% 134 6% Sale 3% Sale 6% 78 60% Sale 3% Sale 23% Sale 4% Sale Mar. 12 Jan. 12 Mar. 24 Jan. 18 58 125 52 Sale Sale 30 Jan. 2 165% Jan. 11 Mar. Ill Sale Mar. Mar. Mar. Mar. 6 Mar. 111% 139 20% 75% 19% 11% Jan. 47 47 136% Sale 13% Mar. 1 1 5% 2% Mar. 31 38% Mar. 30 99% Mar. 30 105% 20 29% Mar. 29 7% 3% Mar. 29 19 Mar. 31 40% 33 16% Mar. 31 9 14% Mar. 30 103 103% Sale 136% Sale Sale Sale Sale iP 'h 17 23% 29% Mar. Mar. 29 23 165 58 18% 33 28 160 11% Sale Mar. 31 Sale Sale 30 Sale Sale 16% Mar. Jan. 11 Feb. 23 Jan. 17 Jan. 10 10 Sale 144 18 45 Mar. 13 7% 23% 74% 14% 2 13% 4% 33% 105% 28% 5% 18 13 28 Mar. 14 Mar. 4 Mar. 16 Mar. 24 Mar. 2 Mar. 2 13% 100 109% 30 Jan. 30 64 15% Amer Sumatra Tobacco.—-• Amer Telep 8t Teleg 10« 37% Jan. 14 2% Feb. 26 26 23% Mar. Mar. 31 Mar. 31 59 8% Mar. Mar. Mar. Mar. Mar. 12% Mar. 29 Sale Amer Steel Foundries _• American Stores * American Sugar Reflnlng.100 30% 1 % 13% 4% 12% 10 Sale 125 26 45 Sale 51 Mar. 29 Sale 33% Sale 103% 115 27% 28% 5% Sale 31% Sale 124% Mar. 29 Sale Sale 51 2 12 Mar. 26 9% Mar. 25 1 65% J 25 12 17 22 Jan. 13 Feb. 25 Jan. 14 Feb. 25 Jan. 11 19 Jan. 12 4% Jan. 10 Sale 19% 49 2% Mar •30l 13% Mar. 29; 5% Mar. 30! Sale Sale "" 22 177 Sale "IF 44% Sale 124% 129 8 Jan. Feb. 7 Feb. 21 Jan. 15 Jan. 12 Jan. 18 4% Jan. 6% Jan. Mar .29 Sale Sale «, 3% Mar. 24 9% Mar. 25 83 78 177 10 Sale 29 8% Mar .30 Feb. 19 2% Mar .25 Sale 32% . Mar. 80% Mar. Mar. Sale Amer Smelt 8c Refining, Preferred Mar. Mar 4 8% Mar. Sale 25 14 9 2% Mar. 78 Sale Sale 19% 8% 13% 16% 7 19% Feb 4% Mar .29 7% Mar. 13% Mar. Mar. 300 Sale Sale 12% Sale Sale 38 157 25 17 40 2 Mar. 31 17% .. 7 1 8 4 57 Mar. 30 66 Preferred Mar. Mar. Mar. Mar. 8% Mar. 22 preferred... 100 American Rolling Mill con* Mar. 11 Mar. 11 40% 9% 20% 21% % Mar. 31 6% Mar. 30 Amer Safety Razor—...18,50 American Seating Co.... American Ship Building....* 4%% 45 36 Mar. 31 Mar. 31 125 Sale 62 101 6% 40% Mar. 31 % Mar. 30 Highest Sale Prices 38 ' Sale 95 Sale 110 Sale Sale ii" 69 14% 84% 8% 36% Mar. 30 30% Mar. 23 33% Mar. 31 6% Mar. 30 14% Mar. 31 16% Mar. 31 V 1% Mar. 28 Lowest Sale Prices Sale 24 150 Sale Sale PHces 38 35 49% 46 95 Sale Highest Sale Prices Sale. 48% 45% 48 Sale 92 9% 13% Sale Sale 24% 42% 14% 23 Am 8t Foreign Power $7 preferred For footnotes see page ti» 16 14% 16% Sale 8% Sale 12% Sale 2% Sale 18 21% Sale Sale % 12 46% Sale 38 40 Sale Sale 14% 16% 1% 40% Sale 13 Lowest Ask Alleghany County, N J * Ill 5,000 American Snuff .......---25 480 4% preferred...........100 6,600 2 37% Sale Sale Sale 10 American Express Co 43',000 9% 19 9,400 American Colortype.......10 23,300 Am Com Alcohol 20 27,100 Amer Crystal Sugar Co 10 690 6% 1st preferred 100 42,100 Amer Encaustic Tiling..... I 700 Am European Securities.. * 4,300 11,500 9,400 700 38% 20 Am 10 73,300 3,700 3,900 2,200 5,100 88,000 9,200 19,200 2,100 20.000 55,200 37% Sale Sale • Adams Mlllls Mar. 31 Ask Bid Addreasogrsph Multtgraph 10 American Bank Note.. 1« 6% preferred ......50 Am Brake S A F ..... 5% % con* preferred 100 American Can.. 2t Preferred.. 10< Amer Car $t Foundry • Preferred.. .. .10« American Chain 8c Cable—* 400 5% preferred ....100 5,600 American Chicle • 820 160 43% 8% . 1,800 10,200 4,000 20,800 2,000 9,700 58,600 1,400 Bid 43% 37% • 1a Acme Steel Co Mar. 1 Ask Bid 84,500 58,566 49,300 6,800 2,000 7,300 2,100 162,500 4,100 1,800 3 1938 Jan. 4,200 73,700 5,900 13,100 9,800 58,855 • Par v 5,200 Abbott 240 1,700 29,300 1,600 5,300 5,300 41,300 7,200 1 Price Shares i RANGE SINCE JAN. PRICES IN MARCH STOCKS N. T. STOCK EXCHANGE Since Jan. 1 In 3% Mar. 23% Mar. 4% Mar. 25 Mar. 21% Mar. 29 Mar. 10% Mar. 97% Mar. 34% Jan Mar. l\l% 2 Mar. 15 Jan. 11% Jan. 31 12 17 Jan. 10 18 11 Mar. 14 Jan. 149% Jan. 17 10 Jan. 10 72% Jan. 11 139% Feb. 15 Jan. 21 Jan. 12 86 Jan. 20 5% Jan. 12 35% Feb. 23 8% Jan. 10 Jan. 10 40 71 \l% IP 50 Jan. 18 Jan. Jan. 107% Jan. 11 11 15 3 N. Y. STOCK 32 aggregate sales Sharer Jan. 3 Par 1938 1,300 1,700 4,500 1,400 4,600 140 2,000 88,900 6,900 500 20,200 6,300 4,600 Mar. 1 16% 10 Mar. 31 2 Mar. 31 3 21 Mar. 30 27 120 Mar. 11 Mar. 30 Archer Daniels Mid 122 100 Preferred 11,700 Arnold Constable Corp Artloom Corporation Preferred 82 Sale Sale Sale 70 70,500 7,500 18,900 1,500 2,900 39,400 1,700 27,600 4,100 3,900 460 3,200 7,000 4,700 280 2 Mar. 30 121% Mar. 119 Sale 4£ 100 * Sale Sale 85 Sale 98 7 10 Mar. 82 5% Mar. 46% Mar. 50 3% 28% Mar. 19 34% Mar. 7% Mar. 4% Mar. 50 24% 5% 2% 1 2 3 3% Feb. 24 30% Jan. 13 2 Mar. 30 100% Jan. 18 Mar. 26 6% Jan. 10 Jan. 12 Mar. 28 72 Mar. 19 94% Jan. 31 Jan. 12 Mar. 26 39 7% Jan. 21 Mar. 25 5% Jan. 13 Mar. 30 Jan. 6 121% Mar. 80 Sale Sale Prices 19 Jan. 11 Mar. 31 Mar. 31 21 24% Mar. 26 5% Mar. 25 2% Mar. 30 Sale Highest Mar. Mar. Mar. 19 50 75 90% Sale 234,700 V t c when Issued......13 387,000 Baltimore Ac Ohio 100 76,200 4% preferred .......100 2,300 Bangor At Aroostook......50 260 14% Mar. 3% Mar. 26 28% Mar. 28 98% —5 13,500 Sale Sale 4,600 Armour (Del) 7% pref 100 .5 220,000 Armour of Illinois $6 convertible preferred. 15,700 800 7% preferred 100 * 55,900 Armstrong Cork Co 92,200 163,700 31,800 1,600 100 1,400 Lowest Sale Prices AH Sale 45,400 100 Highest Sale Prices Co.-20 A P 1 66,400 Assoclnted Dry Goods 6% 1st preferred 100 1,000 100 7% 2d preferred........100 2,400 Associated Investment Co..* 580 5% pref with warrants 100 110 5% preferred ex-warr. 100 100 203,000 Atchison Top Ac S Fe 5% preferred ...100 19,700 100 55,800 Atlan Coast Line RR__ • 5,600 AtlGAc WISS Lines 5% preferred...........100 7,900 M 93,000 Atlantic Refining 4% conv pref series A...100 5,500 1 54,500 Atlas Corp 6% preferred 50 10,400 • 7,500 Atlas Powder 910 5% preferred...........100 10,200 Atlas Tack Corp 32,300 J Auburn Automobile...... * 6,600 Austin. Nichols At Co 15 prior A 650 * 123,000 Aviation Corp (Del) The....3 24",200 Lowest Sale Prices Mar. 31 Ask * Andes Copper Mining W Paper Co 180 600 1 Price N.Y. STOCK EXCHANGE Shares March RANGE SINCE JAN. PRICES IN MARCH STOCKS Since Jan. 1 In EXCHANGE-STOCKS 4 Mar. Mar. 1 69 Mar. Mar. 9 66 68% Mar. Mar. 5 68% Mar. Mar. Mar. 69 65 72 69 34 Sale 27 80 72 69 Feb. 5 27 Mar. Mar. 17 72 72 Mar. 1 22% Mar. 42% Mar. Mar. Mar. Mar. 3 14 1 14 Mar. 8 Sale Sale 4% 6% 17% 104% 5% 38% Sale Sale Sale Sale Mar. Mar. Mar. Mar. Mar. Mar. Mar. Sale 36 Sale 105 2 Mar. Mar. 2 36 Mar. Mar. 3 Mar. 14 105 4% Mar. Sale 3 Mar. Mar. 9 2 Mar. Mar. 1 Sale Sale Sale Mar. Jan. Jan. 72 27% Jan. Jan. Jan. d 14 12 11 10 1 Jan. 8 Jan. 10 Jan. 107 11 11 48 119 Jan. 7 6 Mar. Jan. Jan. 12 Jan. 12 19 25 3 Mar. 3 Mar. 2 Mar. 3 Jan. 12% Mar. 2% Mar. 1 12 Mar. 24 4% Mar. Mar. 10 12% Mar. 2% Mar. 10 42 Mar. Sale 12 12 5 80% Feb. 24 £73% Mar. 14 Mar. Mar. Mar. Feb. 5% Mar. 38% Mar. 1 Mar. 14 Mar. 1 Mar. Sale Mar. 4% 6% 17% 104% Mar. 10 Jan. 35 Jan. Sale 68% Mar. Mar. 72% Mar. 22% Mar. 42% Mar. Mar. 14 Sale 80% Jan. Jan. Mar. 4 20 Jan. Jan. 4 10 Baldwin Locomotive Works _• Assented , 100 24,900 4,300 1,500 73,500 6,400 60 3,500 100 110 I,200 9,700 100 40,300 11,600 6,600 273,900 5,100 6,700 2,100 10,700 40,500 50 59,500 11,100 2,210 189,400 11,700 920 960 4,200 30,300 27,250 4,700 1,500 33,900 51,900 2,400 4,100 6,600 9,300 32,700 5,400 8,500 500 9,200 21,200 650 60,300 2,810 25,900 40,200 5,700 7,400 17,200 7,500 1,800 710 14,500 3,900 15,200 II,200 560 7,800 7,100 500 47,100 54,800 13,300 96,200 900 700 31,200 2,300 39,900 ~6~,66o 320 6,600 33,100 330 1,600 4,300 1,100 100 35 preferred w * w Bendlx Aviation Corp 5 Beneficial Indus Loan Corp.* Best Ac Co • Bethlehem Steel Corp (Del).* 5% preferred 20 7% preferred 100 7,500 Blgelow-Sanford Carpet Inc * 21,000 Black Ac Decker Mfg Co * 77,900 Biaw-Knox ♦ * 100 428,100 Boeing Airplane Co —.5 11,700 Bohn Alum Ac Brass Corp 5 1,720 Bon Ami class A • 2,640 Class B _._.* 8,300 Bond Stores Inc......... 1 76,900 Borden Co.(The) 15 91,850 Borg-Warner Corp... 5 12/700 Boston At Maine' 10« 7,300 Bower Roller Bearlng^Co..i7 Bridgeport Brass Co * BriggsManufacturing. » Briggs Ac Stratton * Bristol-Myers Co 5 Brooklyn At Oueens Transit.* 36 preferred * Bklyn-Manhattan Transit ..* 36 preferred series A * Brooklyn Union Gas • 1,700 Brown Shoe. Inc ♦ 19,400 Brunswlck-Balke-Coll * 45,500 Bucyrus-Krie Co 10 95,400 123,400 4,800 9,600 15,300 40,600 104,900 18,600 29,500 7% preferred.. ...100 151,900 Budd (E G) Mfg * 7,200 Preferred 7% 100 60,100 Wheel...... * 62,300 Bulova Watch » 14,800 Bullard Co * 31,800 Burlington Mills Corp 1 45,700 Burroughs Add Mach 18,600 tBush Terminal Co 4,900 7% debenture 100 890 27,900 Calif Packing Corp......... • 5% preferred 50 700 ... 1 143,900 Callahan Zinc-Lead 151,700 Calumet At Hecla Cons Cop .5 60 5 100 • A-.l 33 preferred class A— .10 220 Car Clinch F At Ohio Ry_.100 Carpenter Steel Co... ...5 Carriers At General Corp 1 7,300 14,400 61,200 2,440 74,000 7,500 100,300 150 Mar. 1 Mar. 22 Mar. 86 Jan. 30 13% 10% Sale 10% Sale 10 112 115 Sale 42 Sale 85% 83% Sale Sale 14% Sale 22 39% Sale Sale 92 24% 14% Sale 17% 32 94% 5% 77% Sale Sale 15% Sale Sale Sale 17% 64 Sale 62 Sale 23% 89 39% 12% Sale 17% Sale 22% Sale 3% Sale 16% 19% 22% 85% Sale 39 Sale 27% Sale Sale Sale 3% 19% Sale Sale Sale 2 7% Sale Sale Sale Sale 1% 5% 8% 26 34 10% 32% 5% 5% 75% 3% 26% 35 8% Sale 7% Sale 75 4% 40 3% 26; 15% 7% 84 Sale 46 8% Mar. 7 15% Mar. 4 2 Mar. 30 12% Mar. 3 9 5% Mar. 31 12% Mar. 30 Sale 38 Sale Sale Sale Sale Sale 3 Sale Sale 17 Sale Sale 13% Sale Sale Sale 17 Sale Sale 2 Sale Sale 5% 28% 1% 3% 5% £16% 10% 34% 5% 5% 75% 3% 25 3 Mar. 30 Mar. 26 Mar. 25 Mar. 26 Mar. 30 Mar: 31 Mar. 29 Mar. 25 Mar. 26 Mar. 31 Mar. 31 Mar. 31 Mar. 26 Mar. 26 15% 13% 6% 14% 1% 4% Mar. 26 Mar. 31 Mar. 29 6% 5% 16% 2% Mar. Mar. Mar. Mar. Mar. 31 Mar. 28 Mar. 26 Sale Sale Sale Sale Sale Sale 19 Sale 19 Sale Sale Sale Sale 6 Mar. 31 Mar. 31 Mar. 30 3% Sale 4l g 20 Sale 13 Sale Sale 15% Mar. 30 6% 10% 13% 37% 52 Sale 45 Sale Sale 1 Sale Sale Sale Sale Sale Sale Sale Sale Sale 49% 48 50 5% 9% 12% 40% 4% Mar. Mar. Mar. Mar. Mar. Mar. Mar. 2 5 9 4 1 2 1 9% Mar. 10% Mar. 37% Mar. 50 20% Mar. 15% Mar. 82% Mar. 35% Jan. Mar. Mar. 1 40 3 1 3 3 3 £9% Mar. 15% Mar. 16% Mar. Mar. Mar. Mar. Mar. 14 Feb. 12 Jan. 20 Jan. 12 17% Jan. 11 15% Mar. 5 \VA 30 Jan. Feb. Jan. Jan. Jan. 10 2 Mar. Jan. 14 Mar. 22% Jan. 10 13 10% Jan. 26% Jan. 30% Jan. 11 20 13 34 Jan. 20 2% Jan. 9% Jan. 13% Jan. 13 !* 6% 5% 16% 2% 5 2 1 2 Mar. Mar. 1 6 Mar. 4 20 18% Mar. 2 13 Mar. Mar. 21% Mar. 48% Mar. 1% Mar. 4 5 1 45 Mar. 1 1 1 Mar. Mar. Mar. Mar. 15% Mar. 5% 9% 12% 40% Mar. Mar. Mar. Mar. 12 Jan. Jan. 13 12 Jan. 11 10 9% 81% 6% 54% 5% Jan. Jan. Jan. Jan. Jan. 20 Jan. 10 8 27 12 11 20 32% Mar. 4 Sale 100 Mar. 30 109% 29% Mar. 31 48% 100% 100% Mar. 30 103 Sale 9 Mar. 30 16% 96% Sale Sale Sale Sale 92 21% "i2% Mar."26 "21% 62 59 63 48 46 Sale 27 Sale Sale 20 Sale Sale 2 Sale Sale 3% 103 10 6% 4 97 11% 7% 4% 106 A* Sale Sale 104 7 4 Mar. Mar. 3% Mar. 97 Mar. 1 Mar. 3 1 Mar. Mar. 15 1 Mar. Mar. 1 Mar. 3 27% Mar. 1 3% Mar. 2 18 104% Mar. 2 26 10 Mar. 10 29 6% Mar. 9 31 4 Mar. 2 24 101 Mar. 11 Mar. 28 Mar. 31 Mar. 26 99% Mar. 13 2 Mar. Sale 100% 1 2 Mar. 2% Mar. : 62% Mar., 60 Mar. 16 2f* i« 36% 19% 24% 49% ill Jan. Feb. Feb. Jan. Jan. Jan. Jan. Jan. Feb. Jan. Jan. Jan. Feb. Jan. 8% Jan. 36 86 Jan. Jan. Jan. 4% Jan. 97% Jan. li,9% Mar. 2% 62% 98% 29% 100% Mar. Mar. Jan. Mar. Jan. 9 Mar. 18% Jan. Jan. 94 92 12% Mar. 46 Mar. 20 Mar. 2 Mar. 99% Mar. 7 Mar. 4 Mar. 3 % Mar. 95 Jan. 11 9% Feb. 26 Jan. 10 20; Jan. 15 3; 11 Jan. 17 18 Mar. 4% Mar, 34% Mar. 76% Jan. Mar. Mar. Mar.; 13 Jan. 13 24 Jan. Jan. 81 Mar. 13 41 7% Feb. 37% Jan. 5 13 21% Jan. Mar. 1 37 Jan. 3 Sale 20 16 17 17 12 92% 44% 13% 19% 28% 4% Jan. 1 i* Mar. 17 2 11 Jan. Mar. Sale 6% 28 Mar. 72% 90 Sale Mar. 1 2 1 2 Mar. Mar. Mar. Mar. 104% 100 for Mar. 18 Mar. Mar. Mar. Mar. 13 17 11 15 Feb. 28 4% Mar. 34% Mar. Sale Preferred 75 iviar. Jan. 45 20 6% 19 29 Sale 13 Feb. 28 4 Sale dH Sale Mar. 12 14% Jan. 40% 65% 16% 98% Mar. Mar. 1 5% Mar. 31 Mar. 30 Mar. 1 Mar. 30 Mar. 10 28 Feb. Mar. 17 3 Mar. 2 1% Mar. 25 Mar. 5 3% Mar. 26 5% Mar. 30 Mar. 5 Mar. 5 £16% Mar. 31 Mar. 1 10% Mar. 29 34% Mar. 25 Mar. 5 5% Mar. 26 Mar. 4 Mar. 31 Mar. 1 Mar. 7 75% Mar. 31 Mar. 31 Mar. 1 2 Mar. 26 Mar. 1 3 Mar. 26 4% Mar. 1 15% Mar. 26 32% Mar. 4 13% Mar. 31 19% Mar. 1 6% Mar. 29 9 Mar. 1 14% Mar. 31 18% Mar. 3 2% Mar. 1 1% Mar. 28 4% Mar. 26 8% Mar. 2 Mar. Mar. Mar. Mar. 13 31 13 17 Jan. Jan. Mar. 30 Sale 83 Jan. Mar. 5 Sale Sale 5% preferred .....100 Celanese Corp of America. • 96% 30% 103% 8% Jan. Mar.; Sale Sale Sale ...... Mar. 26 Jan. 40 9 23% 29% 32 2 7% 10% 31 16% 38% 8% 8% 80% 5% 48% 15 8% 22 3% 10% 33% 19 Feb. 23 Jan. Mar. 24 Mar. 1 Sale 29 Mar. 31 Mar. 31 4 94% Mar. 5% Mar. 77% Mar. 8% Mar. 15% Mar. 26% Mar. Mar. Sale Sale Sale 92% Feb. 26 Mar. 23 Mar. 1 Mar. 19 Mar. 1 Mar. 2 3 23 12 Mar. Mar. 12 Mai*. Jan. Jan. SB £109% Mar. 11% Mar. 30 *17% 9 Mar. 14 Mar. 3 Mar. 25 Feb. l°0* Mar. Mar. 35 Sale Sale 36% 5 Feb. 23 Mar. 22 19 21% Mar. 10% Mar. Mar. 30 31 30 30 34 95 12% Mar. 29% Mar. 18 Sale 7% Sale 1 Mar. 23 5 Sale Sale 5% Mar. 21% Mar. 29 10% Mar. 30 Sale 18% Sale 18% Mar. 3:109%Mar.30 111 11% Mar. 30 17 93 Mar. 25 93 95% 28 26 Mar. 26 30% Sale 94% Mar. 31 103% Sale 5% Mar. 31 7% 80% 77% Mar. 19 77% Sale 8% Mar. 30 12% Sale 15% Mar. 31 19 Sale 26% Mar. 31 39% Sale 40 Mar. 31 59% Sale 13 Mar. 30 15% Sale 75 Mar. 31 94% 18 18 Mar. 30 23% Sale 9% Mar. 30 15 Sale 10% Mar. 31 15% 15 14% Mar. 18 15 Sale 37% Mar. 31 42% Sale 20% Mar. 31 30% Sale 15% Mar. 31 26% 83 82% Mar. 26 87 Sale 40 Mar. 29 44% Sale £9% Mar. 23 12% Sale 15% Mar. 31 18% Sale 16% Mar. 31 28% Sale 2 Mar. 23 3% 13 14 Mar. 29 18% 8% Sale 19% Sale 22% 26 30 12% Mar. 30 115 Sale 103% 109 58 11% 15% Sale Sale 17 97 29 40 Sale 12% 10% Sale 16% Sale 14 94% Sale 100 For footnotes see page 40. 33 95 29 Mar. 28 Sale 7% preferred ....100 Caterpillar Tractor....... * Case (J I) Co 7% prior preferred.....100 200 • 14,900 Celotes Co 880 5% preferred 10 11,100 Central Agulrre Associates.* 71,400 Central Foundry Co........I 610 Central 111 Lt 4%% pref..100 .100 4,000 Central RR of N J 10,700 Central Violets Sugar Co.. 19 • 2,400 Century Ribbon Mills 20 Mar. 31 90 Sale 28 8 25 c 29 22 1,190 Pr®' ctfi of deposit 100 29,200 Butler Brothers ....10 9,100' 5% con* preferred ...30 A 48,300 Butte Copper At Zinc 32,500 Byers Co Partlc preferred........100 2,130 14,400 Byron Jackson Co..........* 143,100 Canadian Pacific 4,400 Cannon Mills 3,900 Capital Admin Co Ltd Mar. 95 10% Mar. 9% Mar. 10% Feb. 23 10% Jan. 11 13% Jan. 11 Mar. Sale tBush Term Bldgs— 30 Canada Southern Ry Co 5 Mar. 1 2 4 12 Sale 14% 83% 126,800 27,600 19,800 1,013,300 17,000 17,300 43,400 Campbell W At C Foundry. 317,200 Canada Dry Ging Ale 1 Mar. 31 5% Mar. 29 35 90 85 7% Sale • ...... 90 Blumenthal At Co pref Mar. 30 4 Sale Sale 30 96 20 340 BloomlngdaleBros 5 Sale 12% 42 50 300 Belg Nat Rys part pref Sale Sale 14% 15% 93% Sale 25 19,300 Beldlng-Hemingway 20 560 1st preferred 110|Beech Creek RR Co 2,6001 Beech-Nut Packing 50 3,100 7,400 19,100 preferred......100 Barber Co Inc.............10 Barker Bros * 5%% preferred...... 50 Barnsdall Oil Co 5 Bayuk Cigars Inc........—* 190 10 52,300 1,000 conv 7,900 Beatrice Creamery 60 123,700 6,000 5% 250 Sale 7% Sale 10% Sale 12% Sale Jan. lu3 Mar. Jan 25% Jan Feb. 28 Jan 4% Jan 105 11 Jao Jan. 8% Jan 5% Jan 103 Feb. April, 1938] AGGREGATE n. y. stock 33 exchange-stocks SALES RANGE SINCE JAN. PRICES IN MARCH 1 Price n. y. stock exchange Jan. 3 Mar. 1 1938 Shares Shares 33,300 23,800 3,330 Par 103,500 Cerro de Pasco Copp 65,400 Certain-Teed Prod 11,640 6% prior preferred 29,700 183,300 1,200 2,900 6,500 13,800 25,000 200 8,700 1,300 3,000 5,900 8,900 120 _ 3,000 7,300 20,400 18,700 4,800 14,700 2,300 3,900 5,900 4,800 11" 56 3 18% 82 ..* 20 * Sale 22% 74* 60 Sale Sale 11* 39 15 111 Sale 117 113 Sale 122 59 Sale 13,600 1,300 Congoleum-Nalrn Inc......* 3,000 "ongressClgar 1,060 Conn Ry A Ltg 4* % pref.100 151,500 Consol Aircraft Corp.......l 14,600 on noli da red Cigar .... i 400 $5 preferred ..... * 38.400 Consol RR of Cuba 6% pf.100 56,800 f onsolldated Textile. . 20,500 Consolidation Coal Co vtc.25 2,800 5% preferred v t C......100 1,600 Consumers Pow Co $4.50 pf.* 84,300 Container Corp of America.20 85,100 Continental Bakcl A * 74,900 Class B 2,800 8% preferred...........100 21,200 68,400 5,400 22,700 33,800 65,100 158,000 7,900 3,700 51,500 1,600 33,400 123,600 9,000 7,900 17,700 74,900 100 300 2,000 32,400 4,500 86,150 500 1,600 42,800 136,800 73,300 139,800 2,500 25,600 9,700 35,100 2,560 5,400 54,100 11,500 440,500 200,300 180 290 390 470 Continental Can 20 $4.50 preferred...... ..* Continental Diamond Fibre 5 Continental Insurance—2.00 Continental Motors .....1 Continental Oil of Del 5 Continental Steel Corp Corn Exch Bank Trust Co..20 Corn Prod Refining.......25 Preferred.... .......100 Coty.Inc * Crane Co.....*— ....25 5% conv preferred ...100 see Mar. 14 28 2%6 Mar. 14 Mar. 2 26 4 28 1* Mar. 18 8* * * * 31 28 29 2 Mar. 31 6* Mar. 31 22 Mar. 30 8 Sale 12 3* Sale 30 37% Sale 10 Sale 60 Sale 60 52 2% 11* Sale Sale 1 102 109 15* Sale Sale 12% Jan. 1 Jan. 1P 1* Jan. Jan. 10 Mar. 6* Mar. 4* Jan. 12* Jan. Jan. 12 15 17 Jan. 20 Jan. 11 12 12 18 Mar. 22 30* Mar. Mar. ip8 1 Mar. Mar. 8 Mar. 12 Mar. Mar. 2* 2* 12* 16* 3* Mar. Mar. 27 55 Mar. 13 Mar. 16 Mar. 8 59 66 56 3 18* Mar. 17 Mar. 7 Mar. 11 Mar. 28 75 109 Mar. 31 112 Mar Mar. 26 12 7 22* Mar, 69* 10 1 54 63* Jan. 3 60 Feb. 28 3* Jan. 24 10* Mar. Mar. 75 12 Feb. P Jan. 150 15 Jan. Mar. Mar. Mar. 2 12 Feb. 23 37 Mar. , Jan. Jan. Feb. 5* Jan. 35* Mar. Mar. 28 150 75 Mar. 26 15* Mar, 26 3ip. * Mar. 1* Mar. 15* Mar. 10* Mar. 26 Mar. Mar. Mar. 29 3* Mar. 30 5* Jan. 2* Jan. Mar. Mar. Mar. 12 Mar. 24 Jan. 14 2 Mar. 27 Mar. 22 5 Feb. 23 13 * Mar. * Mar. * Mar. 2 Mar. Mar. 13 2 I Jan. Jan. 8% Mar. 4 Mar. 8 54 Mar. Mar. Jan. 10 10 22 11 5 10 Mar. Mar. 28 Mar. 25 Mar. 29 35* Mar. 31 10 Mar. 30 60 Mar. 31 89 Mar. * 1* * 2% 1* 4 Mar. 4 26 * Mar. 31 1* Mar. 28 20 80 1 23 Mar. 30* Jan. 12 12* Jan. 11 48* Mar. 2 38* Jan. 17 27* Mar. 23* Mar. 18 Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. * Sale 1% Sale 1% 1% 9 Mar. 46* Jan 11 8* Jan. 19 32* Feb. 23 106 Mar. Mar. 87 Mar. Jan. 150 7 12 Mar. 28 75 Mar. 26 112 106* Jan. Mar. 12 Jan. 10 15* Mar. 9* Sale 108 Sale Sale Sale 58 IX Sale 83* 85 Vk* Sale Sale 88 Mar. 31 Sale 20* 9* 3* 4*. Mar. 24 Mar. 30 Mar. 31 20* Mar. "9% Mar. 29 is Mar, 25 Sale Sale 10 9% 17* Sale 17* Sale 67 12 27% 8% 72% 64* 31 % Sale Sale 35 Sale Sale Sale Sale 81 90 37 Sale 85* 7% 1* 39* 93 Sale Sale Sale 20* 16 7* 10 8 19 88 14 Sale 60 36 90 28 13* Sale 13* U" 42* 95 Sale 8% 100 Sale 3I" 23* 10% 7% 00% 73% 1% HP. 4% 9% 45 23* Sale 80 102* 31* Sale 90 Sale 6 Sale Sale Sale a?* Sale 6 Sale Sale a\V* Sale Sale Sale Sale Sale Sale 14 Sale Sale 59% Sale Sale 1 26 31 7 93 Sale 7 Sale Sale 4* Mar, 26 Mar. 4 Mar. 4 Mar, 30 Mar. 3 Mar. 3 Mar. 31 5* Mar. 30 1 Mar. 29 25 Mar. 31 22* Mar. 30 4 Mar. 30 15 Mar. 29 6 Mar. 29 Mar. 2 Mar. 19 Mar. 31 Mar. 9 Mar, 31 Mar, 26 Mar, 29 65* Mar, 31 1 65 Jan. 13 15 18 38* Jan. 17 95 \p 8 Jan. Jan. 1 Mar. 26 4* Mar. 26 1 17 4 90 Mar. 31 Feb. 4 2 1 7 Mar. 30 Mar. Mar. Mar. Mar. Mar. 31 3 is* Mar. 1 Mar. 8 10- 85 Mari1- 1 3 Jan. 15 10 24 31 21 83* Jan. 15* Mar. 14* Mar. 1 9% Mar. 31 1 8* Mar. 26 1* Mar. 29 65* Mar. 31 Mar. 1 Mar. 1 1 1 1 36* Mar. 30 107 Jan. 5 Mar. 30 31* Mar 1 Mar. 19 1% Mar 3 22 Jan. !& 16* 10 34* 10 Mar. 26 40* Mar. 31 53* Mar. 30 11" 20 65 .X I* 63 13 4* 40 Sale 17* 19* 9 7 1 69 Mar, 8 58 19* Mar. 31 Mai- 2 75 Mar. 29 Mar, 23 Mar. 29 19* Mar. 31 75 Mar. 29 Mar 12 Mar 1 Mar 1 * Feb. 14 5* Mar. 31 Sale 3 Mar 2 3 Mar 3 16* Mar 1 Sale Sale Sale Sale Sale 7 32* Mar, 11* Mar, 58 1 3 18 13% 26* Mar. 31 7* Mar. 29 1 Mar, 5* Mar. 31 75 14* 104* \ ... Sale 55 Sale AX 17 21 12 2 21* Feb. 5* Mar. 31 22* Mar. 30 33 Mar. 23 26* Mar. 31 7* Mar. 29 Sale 3* Sale 13* Sale 50 12 65* Jan. Mar. 30 166* Feb. Jan. 2* Mar. 26 19 29 Feb. Jan. 31 85 98 Jan. Mar. 31 163 28* Mar, Mar, ii Sale" Sale Sale * Mar. Mar. 29 60 Mar. 29 13 Mar. 31 4% Mar. 31 39 Mar. 29 3 Mar. 30 12 Mar. 30 50 Mar. 29 18 Mar. 31 13 Mar. 31 4,* Mar. 29 13* Mar. 29 7 Mar. 23 4 6* Mar 48* Mar, 15 1 4* Mar, 17* Mar, 16 2 52* Mar, 1 22* Mar. 4 20* Mar, 6 Mar, 10 8 15* Mar, 9 .04* Mar. 30 106 17* Mar. 31 24; 19* Mar. 29 22 9 Mar. 30 13 Mar 1 Mar. 16 Mar. 1 Mar, 4 Mar, 9 11 Jan. 22* Mar. 28 85 Mar. 31 21 * Mar. 29 5* Mar. 31 22* Mar. 30 33 Mar. 23 9 17 12 Jan. 21* Mar. 30 35 33 12 21 15 2 1 Feb. Jan. Jan. 2 1 15 13 Jan. Jan. Mar, 17 Jan. 32 Mar, Mar 18 45* Jan. uon 13! Mar 21 Jan. Feb. 23 32 25 12 Jan. 2* Jan. 85 1 40* Mar. 31 50* Mar, 1 Sale Mar, 53* Mar. 30 65 Mar. 30 164* Mar, 19 165* 163 3 Sale 4% Mar, 2* Mar. 26 94 17 13 101* Feb. 21 7* Jan. \7 Jan. 4 19 5% Jan. 12 98* 2* * 2* 6* Mar. 31 21* Mar. 30 1 Mar. 19 Mar. 29 5 10* Jan. 10 60* 22 96* Jan. 21* Mar. 30 Sale 13 17 14 Mar. 19 1* Jan. 11 6* Jan. 12 25* Jan. 14 2% Mar. 30 Sale Sale 12 3 Feb. 23 Jan. 17 68 5 Sale 52* Jan. Jan. 8 17 80 Jan. Sale Sale 32 Jan. 71 10 22* Feb. 59* Mar. 26 21* Sale Jan. 1 40* 53* Sale Mar. 2 Mar. 30 43* Mar Mar Mar. 29 110 7% Mar Mar. 31 Mar. 26 4 Jan. Jan. Mar. 1% Mar. 0% Mar. 17 2 Mar. 79 Mar. 22% Mar. 92* Mar. 4* Mar. 9* Mar. 84* 34 Mar. 29 4* Mar. 29 Mar Mar, 19 90 11 10 r84* 9* 8* 1 * 15* Jan. 4* Mar. 30 Mar. 7 Mar. 22 Mar. 3 Mar. 22 Mar, 24 100 1 6* Mar. Mar 31 1 % Mar|. Mar 21 Sale 36* 108* 107* Sale 6* 21* Sale 21* Sale 7 98* 2% * 2* . 26* 13* Mar 29 Mar 25 Sale 23 Mar 2* Mar. 30 Sale Sale 29 *90 22$| Sale 30 Sale 21* 12 Mar Sale 3* — 30 4 3 8* 22 % 22* Mar Ik* 163 21*| Jan. x90 Sale 14 Sale Sale Jan. si" 2i% 80 Sale 10 10 10 2 Mar, 29 Mar 31 31 Sale ll Jan. 70 42* 25* 7* 24* 5* Mar, 30 26 81 15 Jan. Mar. 29 Mar. 10 Mar. Mar. 10 1 8* Mar. Mar. 3 73 c?* 22* Jan. 13 99 31 4* Mar 59* Mar Sale 13* Mar. 29 10 10 99 Mar Sale Sale 12 25 90 29 Sale 15 44* Jan. 8 Mar 103 Jan. 8* Jan. 11* Jan. 9* Jan. 31* Mar. 31 it* 11 59* 20 29 2 31 37 55 29 31 43* Mar. 104 Sale Mar. 1 19 Mar. 4 18 69* Mar. 17 24 30 31* Mar. 31 Mar Sale Mar. Mar. Mar. Mar. Mar. Jan. 22 Feb. 8 8 17 Sale 11* Mar. 7* Mar. 20* 9% 3* 4* 5* 16* Mar. 6* Mar. Sale 1* 9* 8* 1* 65* 96 2 Sale Sale 4 12 Mar. 31 2 Sale ltH Jan. 88 Mar. 4* 70 27' Mar. 22% 7* 9* 16* 7% 00% Sale 16* Jan. Mar. Mar. 29 Sale i\y* 95 12 Mar, 30 Mar, 28 30 Sale 25 Jan. 125 Mar. 95 57 23 84 Mar 2* 17 Jan. 71* Mar. 19 Mar 1 Jan. 59 7* Mar. 87* Feb. 13* Mar. 31 Mar. 26 Mar, 3 6 5i" Jan. 105* Mar; 36* 68 4% Mar 73 15* Feb. 17 117* Feb. 14 61* Mar. 28* Mar, 29 5* Mar. 30 15 11* 27 Mar. 30 9 Mar. 30 28* Mar. 29 5* Mar. 30 68 Feb. 8 57 Mar. 3 23 Mar. 30 84 Mar. 28 7 14 Sale 29 Mar. 29 Mar. 30 Mar. 30 8 85 50 102 % 13* Mar. 13 5 17 38% Sale 107* 7% Sale 28% 29 1% Sale 28% Sale 95 6 Sale Sale Sale Sale 72 105 Mar. 24 1 Sale 14% 1 U 94 25 100% 103 6% Sale 3% Mar. 16 92 Sale 7% 10% 25 13* Mar. 31 Mar. 28 7* Mar. 30 25* Sale 22* Sale 3* 15* Sale Sale Mar. 58 Sale Sale 18 Feb. Ill 9 67 58 Feb. Mar. Mar. 55 30* Jan. Mar. Mar. Sale Sale 70 45 41 Feb. 32* Mar. 10* Mar. Mar. 59 10 58 Sale 0% 1% 32* Mar. 29 39* 15 10* Mar. 31 112* Mar. 31 117* 31 123* 105* Mar. Sale 9 60 63 Sale Sale 3* Sale 5* Sale 4* 3* Sale 22% 15 Sale 69* Sale 83% 12% 10 % 1% 69 % 11 19 7% Sale Sale 4% Sale 9* Sale 98* 104 3* Sale % Sale 3% 4% 8 Sale 69* 24% 96 % o Sale 58* 37 Sale 18 "1% "7" 22 94* 66 33^ 75* Feb. Sale Preferred 100 tCuba Co (The) * Cuba RR 6% preferred... 100 Cuban American Sugar 10 Preferred 100 Cudahy Packing 50 Curtis Publishing Co (The)* Preferred................* Curtiss Wright Corp.......1 Class A 1 Cushmans 8ons 7% pref..100 $8 preferred ..* Cutler-Hammer, Inc., new..* Davega Stores Corp— 5 Conv 5% preferred ..25 40. * 7 48* Mar. E6/i 20% Mar. 29 4* Mar. 30 17* Mar. 31 99* Mar. 18* Mar. Mar. 10 33* Sale 10* 117* 112* • Crown Cork A Seal..._..._* $2.25 conv pref w w ..» Preferred ex-warrants....* Crown Zellerbach Corp....5 $5 conv pref * Crucible Steel of Amer..—100 page Sale Sale Cream of Wheat ctfs—.— Crosley Radio 6,70QDIeeel-Wemmer-GilbertCorplO For footnotes Sale 78 ............... 50,600 6,700 2,400 3,400 Davison Chem Corp (The)—1 460 Dayton Pr A Lt 4%% pre 100 515,900 Deere A Co new...........* 22,400 Preferred -20 0% 95 Sale 24 Sale . 300 Sale 4 4 1 30*' Mar. Mar. 23 150 93 - 270 7% preferred ......100 1,940 6*% prior pref........100 11,500 Consol Him Industry......J 12,500 $2 partlc preferred.......* 319,500 Consol Bdlson Co of NYinc* 22,000 $5 preferred... ....._..* 16,500Consol Laundries Corp.... 6 285,200 Conso'ldated Oil Corp ..* 3% 20% 24 53,800 Commonwealth Edison Co. 25 'Jonde-NostPubllc'ns......* 2 5% 94 Sale ft . 2,300 $4.25 conv pref ser of'35..* 138,700 Commercial Solvents.. __* 379,300 Commonwealth A Southern * 31,700 $6 preferred............—* 2,300 27,100 Sale 0 Sale * Sale * Sale * Sale Mar. 23 * 1* * 2% 1% % a 23 7 1 Sale 2* 1% 8% 10 98 30 95* s IgX 4* % conv preferred 100 55,700 Comm'l Investment Trust..* 900 * Mar. 7* Mar. 42 Mar. 99* Mar. 25 106 18* Mar. 31 27* Mar. 80 Sale * Sale Sale Sale 60 20% Mar. 29 4% Mar. 30 17* Mar. 31 27* Mar. 30 23* Mar. 26 Sale 6 16 Highest Sale Prices 80 1* Sale 95 21 "l2* 600 21,000 1,100 66,500 145,400 12,900 20,400 58 57* * .... 400 99 1% 37 Lowest Sale Price 45 ....100 Preferred 17,100 Columbian Carbon v t c * 20,500 Columbia Pictures Corp vt c * 1,700 $2.75 conv pref * 357,200 Columbia G A El common— 3,400 6% pref series A........100 420 5% preferred ......100 64,500 Commercial Credit 10 28,600 Sale Sale 90 Highest Sale Prices 18% Sale 0% 7% 27% 31 23* Sale 151 105* 107 5% preferred 4% 2d preferred........100 Columbia Broadcasting 27,900 System Inc class A....2.50 6,200 Class B 2.50 600 203,100 11.200 3,600 • 100 , 75 190 141,100 1,400 160 53* — 6,600 2,200 7,600 8,300 32,000 3,100 1,100 1,300 5 20 Colonial Beacon OH Co 70 900 5 16,110 Colorado Fuel A Iron Corp..* 2,270 Colorado A Southern— 100 1,659 4% 1st preferred ....100 870 1,980 16,500 1,160 1,300 16,500 4,600 15% 35 25 110 10 690 7,300 9 100 290 10,300 - 100 20,300 Coca-Cola Co (The) * 1,500 Class A 97,200 Colgate-Palmolive-Peet Co..* 4,900 6% preferred...........100 27,200 Collins A Alkman * 530 5% preferred ....100 140 16,400 55,100 4,800 1,800 6,400 7% prefferred 32,000 Cluett, Peabody A Co 31,600 1,000 10,600 10* Sale Sale 5 18* Sale Sale 100 160 29 1% Sale 1% Sale 3% Sale 12% Sale 30% 31* 1% Sale 2% Sale 1 % 1% 60 Cleve A Pitts RR Co 7% gtd 50 40 Special guar 4% 50 46,400 Climax Molybdenum Co * 600 800 % 4% 1% 12% 4% preferred.........—100 tChlc Indlanap & Louis ptlOO Chicago Mall Order Co 5 10 8,500 21,200 1,700 9,600 16,000 36.400 58.000 2,700 1,650 23,700 ^Chicago Great Western.100 1,820 Cleve Elec 111 $4.50 ser pref—• 16,100 Cleve Graphite Bronze (The) I 16,300 9,000 29,100 25,400 34,100 1,100 1 10 C C C & St Louis Ry Co 7,400 28% 2% 80 City Investing Co ......100 11,900 City Stores ..............5 12,100 CJark Kaulpment 10 300 80 100 - 21,700 City Ice A Fuel 2,060 6*% preferred 690 8,400 36,400 8.400 1,200 35% 109 4% preferred 950 Chile Copper.. 1,167,200 Chrysler Corporation 10 110 45% .....100 tChio A East 111 RR 10,600 70 1,700 5,300 7,500 102,300 8,900 8,000 135.200 11" 10,300 6% preferred .....100 2,300 Chicago Yellow Cab * 12,200 Chlckasha Cotton Oil 10 29,020 ChildsCo 6,300 5,000 l* Sale Ask 105 h 100% Chea*peakeCorp Chesapeake & Ohio.......25 Pref series A cs *Chlc M» S* p*«l * Pacific 3,100 13,700 43,400 8,000 26 62,200 5% preferred...........100 47,500 tChlcago A North West..100 12,100 Preferred 100 41,300 Chicago Pneum Tool * 3,900 $3 conr preferred * 10,700 tChic Rock Isl A Pac 100 600 200 Sale Sale 30* Lowest Sale Prices Mar. 31 Ask Bid 40% 420 400 342,000 11,000 1,110 "00 Bid 36* Sale 0% Sale Champion Paper & Fibre Co 6% preferred —10 6,100 Common.................* 4,500 Checker Cab 6 120 1,700 1,500 16,800 86,400 400 * 1 Ask Bid 25 33 12 72 44 94 1 13 5 87 18 7 50 3* Mar. 30 12* Mar. 30 48* Jan. 11 5 18 52 Mar. 31 22 13* Mar. 31 4* Mar. 29 13* Mar. 29 24 7 25 14 II Jan. 39 37 Mar. 29 60 Mar. 29 13 Mar. 31 4* Mar. 31 39 Jan. 3 18 Jan. ih Mar. 23 3 107 Jan. Mar. 31 11 17 4 Jan. 12 Jan. 12 Jan. 12 Jan. 11 Jan. 17 Jan. 7 Feb. 7 Jan. 10 Jan. 3 Jan. 6 Jan. 12 Jan. 18 Jan. Jan. Jan. 10 Jan. 17 Feb. 21 Mar. 1 Jan. 10 Jan. 10 Feb. 8 Feb. 17 Feb. 8 Feb. 28 Mar. 29 25 Mar. 30 15* Jan. Jan. 20 11 34 N. Y. STOCK aggregate sales Since March Shares 30,300 56,100 2,000 4,300 200 20 2,900 3,200 2,600 7,300 23,700 1,000 1,000 250 6,300 44,900 2,400 109,400 10,000 1,100 3,900 300 300 3,700 700 :;V 50 89,600 1,200 3,500 880 10,200 16,300 60 11,600 20,800 28,100 45,400 1938 Par 66,800 104,700 5,500 11,600 Bid 8c Hudson.....100 15 Del Lack Ac Western......50 Delaware t Denver RIoGfk Wes pref 100 Detroit Edison 100 270 Detroit Ac Mackinac Ry Co 100 20 5% preferred 100 5,110 10,300 5,700 22,400 51,300 4,700 2,600 890 Sale 7* Mar. 29 4 Mar. 31 8 1 Mar. 26 2 76 Mar. 31 93 3* Mar. 21 5* Mar. 25 4 95 2* 100 4* Sale 11 5 Sale 21 Sale Diamond T Motor Car Co...2 * * ...... 3,600 5% preferred 100 1 6,000 Dunhill International.... ...—* 1,100 Duplan Silk 90 8% preferred 100 .... Du Pont de Nem Ac Co (EI).20 6% non-voting deben.-lOO $4.50 preferred * 1,590 Duquesne Light 5% 1st pf.100 .5 27,500 Eastern Rolling Mills 38,500 Eastman Kodak Co. of N. J.* 730 preferred 100 ...4 29,800 Eaton Mfg. Co...... 39,300 Bltingon Schild 5 95,900 Electric Auto Lite (The) 3 223,300 Electric Boat ...... 25 Sale 20* Mar. 30 35 5 6* Sale Sale 12H Sale Sale 11 75 74 67 16* 33* 20* 30 &; 32 Class A.. 18* 55 14* Mar. 28 Sale 6* Sale 47* Mar. 31 4* Mar. 29 12 88* 90 Sale Sale 31 Sale Sale 89 18 21 Sale 24 15 Sale Sale 11* Sale 18* 3 8* 0 13 115 8 111* Sale 132* Sale 110 112 111* Sale 5 ^ 6* Sale 14 4 135 0* Sale 3* 6* Sale Sale 0 5 Sale 6 Sale Sale 156* 166* 17* 3* 19* 8* Sale 159 Sale 8 »8 153 3* Sale 15* Sale 8* Sale Sale 10 Sale Sale 2 14 113 161 16 Mar. 25 Mar. 30 Mar. 18 Mar. 30 35* W 6* 112 Mar. 30 Sale" Sale 31* 5% pref with warrants-100 Dixie-Vortex Co Lowest Sale Prices Sale 33 Distil Corp-Sea&rama Ltd Highest Sale Prices Sale 30 * Lowest Sale Prices Mar. 31 ,4s* 6* Sale 1* Sale * ... 4% Participating Mar. 1 Ask Pref..25 Devoe 8c Reynolds A Diamond Match... 15,600 Doehler Die Casting Co * .....* 141,700 Dome Mines Ltd. 6,300 Dominion Stores Ltd-.. 324,300 Douglas Aircraft Co Inc— * 21,100 Dow Chemical Co 2,000 Dresser (S R) Mfg cony cl A..* Class B__........ 14,400 2,500 tDuluth South Sh 8c Atf.100 214,700 4,200 8,000 1 Price Jan. 3 Jan. 1 Sharer range since jan. prices in march STOCKS N. Y. STOCK EXCHAN QE In EXCHANGE—STOCKS Sale Sale Sale Sale Sale Sale 3* Sale 122 Sale 116} 11} Sale Mar. 7 Mar. 14 5* Mar. 25 25 Mar. 30 205 Jan. 3 Jan. 5 Mar. 30 Mar. 18 Jan. 26 5 7* Mar. 15* Mar. 7 4 11 75 4 66 Mar. 15* Mar. 10 32* Mar. 2 20* Mar. 57* Mar. 7 Mar. 10* * * 2* 10 Mar. 31 108 14* Mar. 28 2 1 Feb. 8 Mar. 30 47* Mar. 31 1 4* Mar. 29 Mar. 4 Mar. 1 Mar. 16 Mar. 7 Mar. 22 Mar. 31 10 30 12 31 Mar. 30 87* 15 5* 39* 26* 36* 9* 16 75 17 34 22* 60* 8} 46 J Jan. 27 112 Mar. 26 6* Mar. 25 22 Mar. 25 8* Mar. 28 25 28 20 16 12 Jan. 5 Mar. 4 Jan. 12 Jan. 12 Jan. 11 Feb. 1 Jan. Jan. 20 21 Mar. 2 Jan. Jan. * Jan. * Jan. 10 17 3 3 3* Jan. 8 28 10 Mar. 31 115 108 Mar. Feb. Jan. Mar. Jan. 12} * Feb. 11 * Feb. 28 2 12 24 Jan. Jan. 27 90* Mar. 31 123* Feb. 23 Mar. 16 130* Mar. 31 137 110 Mar. 31 115* Mar. 10 111* Jan. 3 116* Mar. 1 7* Jan. Mar. 1 3* Mar. 121* Mar. 167 Mar. 10 165* Mar. 5 157 165* Feb. 16 Mar. 6 3* Mar. 31 121* Mar. 31 157 10* Mar. 30 Mar. 23 13* Sale 6* Sale 13* Mar. 30 18 21* * * 1* 18* 33* Jan. 1 1 1 Mar. Mar. Mar. Mar. Mar. Mar. Mar; 9 Mar. . 1 2 12 6 Jan. 21* Jan. 4* Jan. 10* Mar. 3* Mar. 19* Mar. Mar. Mar. 30 1 17* Mar. 2* Mar. 6* Mar. 22* Mar. 6 5* Mar. 25 31 Mar. 8* Feb. 25 2* Jan. Jan. Mar. 31 108 4* Jan. 3* Mar. 21 1 38 90* Mar. 31 120* Mar. 1 Mar. 16 130* Mar. 31 137 110 Mar. 31 115* Mar. 10 114 Mar. 15 116* Mar. 1 2 Mar. 31 Mar. 26 1 76 26* Mar. 1 36* Mar. 16 8* Mar. 28 108 7* Mar. 29 4 3 Mar. 30 41* Mar. 15 Mar. Mar. 30 112 2 Mar. 26 20* Mar. 3 Mar. 25 6) * Mar. 21 * Mar. 23 2 Mar. 25 165 Sale 2 Mar. 29 Mar. 30 1 1 16* Mar. Mar. Mar. Highest Highest 17* Jan. 12 13* Mar. 15 12 21* Jan. 12 Mar. 10* Jan. 2* Mar. Jan. Jan. Jan. 6 7 Elec Ac Musical Ind— 15,400 146,700 14,000 6,900 5,500 100 1,600 28,300 432,200 37,600 16,400 11,900 300 140 780 43,100 2,400 1,300 500 5,600 18,400 10,100 5,700 6,200 11,200 2,000 5,520 1,830 27,800 Elec Power Ac Light—_.....* $7 preferred.... $6 preferred ...——* Elec Storage Battery * • New ... 3* Sale 11* Sale 10 36 shares 1.200 tElk Horn Coal Corp 1,600 3,400 35,100 1,000 100 14,200 American Sale 38 Sale 2* Sale 6* Sale 22* Sale 33 Sale 32 Sale 18 26* * Sale 31 Sale 21* Sale v8* Sale a* * * Sale '""* Sale" — -—50 6% preferred El Paso Natural Gas Co Endicott-Johnson "2 3 50 18 5% preferred...—....—100 155,100 Engineers Pub Service...... 1 $5 cony preferred ......—* 5,600 *5.50 preferred w w * 3,600 $6 cum preferred—......* 1,000 23,900 Equitable Office Bldg ........100 111,800 Erie Railroad 4% 1st preferred.......100 48,500 4% 2d preferred........100 19,400 ..5 12,900 Eureka Vacuum Clean 33,800 Evans Products Co—....—5 3,800 Exchange Buffet Corp. .....* 14,450 Fairbanks Co.............25 8% preferred .....100 6,040 * 52,200 Fairbanks Morse Ac Co 6% preferred 100 2* 18* 32* 34* Sale 102* 104 4* Sale 44 48* 46 14",700 4,300 7,200 60 700 6* 9* 7 Sale 2* 3* 5,300 6,000 2,700 1,200 9,900 _ . 14",600 2,400 44,900 4,900 12,100 139,900 3,900 200 700 6,100 VT 2,800 24,600 12,700 12,900 2,200 69,100 220 360 3,600 9,400 300 550 24,500 68,400 1,140 5,070 800 3,900 47,200 ' 880 150 350 5,800 10,100 1,700 820 80 9,100 4,500 , 300 16,400 23,400 240 8,100 19,300 3,400 1,200 3,800 130 297,800 33,600 42,500 Firestone Tire Ac Rubber—10 6% preferred series A..-100 First National Stores... -* Flintkote Co (The) ♦ Florence Stove Co —..* Florshelm Shoe (The) cl A..* tFoilansbee Bros * Food Machinery Corp.....10 4)4% conr pref 100 Footer-Wheeler .....10 7% conv preferred.... * Francisco Sugar Co—..—* Franklin Simon pref 10fl Freeport Sulphur Co. 10 Fuller Co prior pref... * $6 2d preferred ♦ 14,800 Gabriel Co (The) Class A...* 34,000 Gair Co Inc (Robt) 1 6,800 $3 preferred 10 1,230 Gamewell Co (The) * 180 Gannett Co Inc conv $6 pf__* 23,900 Gar Wood Industries Inc...3 16,800 Gen American Inveotoro * 1,400 $6 preferred .—...—* 35,800 Gen Amer Transp Corp..—.5 55,300 General Baking Co 5 530 $8 1st preferred-.........* 19,200 General Bronse..........—5 65,100 General Cable...........—♦ 20,100 Class A. 2,800 Preferred 7% 100 10,400 General Cigar Inc..........* 600 Preferred (7) .....100 734,300 General Electric * 64,900 General Foods 62,800 General Gas Ac Electric cl A.* 2* 2* 2* 5* 1* * Mar. Mar. Mar. Mar. 2 2* 2* 2* 5* 1* Mar. 8 3 Mar. Mar. Mar. Mar. 6 Jan. 5 10 Jan, Jan. Mar. Mar. Mar. Mar. Jan. Jan. 27 26 32* Mar. 7 26 10* Mar. 68 Sale 8 75 50 ! 98* Sale Sale Sale 6* Mar. 71* Mar. 55 Mar. Mar. Mar. 1 2 22* Mar. Mar. 75* Mar. 31* Mar. 16*Mar. Mar. 1 80 ., 70 84 Sale 2 80 Mar. 24* Mar. 30 10* Mar. 22* Mar. 16* Mar. 1* Mar. Mar. 3 1 18 Mar. Sale 85 Mar. 7 Mar. 11 Mar. 3 4* 14* 16* 43 Sale Sale 8 Sale 121 4 10* 19* 88 Sale Sale 127 Sale Sale Sale Sale Sale 29 Mar. 8 20* Mar, 31 Mar. 31 27* Mar. 31 22* Mar. 30 * Mar. 30 30 56 Sale 30 Sale 25 51 Mar. 25 Mar. 29 Sale Sale 119 Mar. 28 30 5 9 30* Sale 25* Mar. 31 113 Mar. 30 Sale 4 Sale 6* Mar. 29 108 Sale Sale Sale 23* Sale 99 Sale 87 Sale 100 a \H 2 100 102 1* Sale Sale Sale 18* Sale Sale Sale 23* 25 Sale Sale Sale 11 12 20 Sale 16 18 Sale Sale 10 £ 60 Sale Sale 59* Mar. 11 12 Sale Sale ! Mar. 10 I Mar. 9 Mar. 1 } Mar. I Mar. 7 Mar. 31 Mar. 23 Mar. 30 Mar. 30 Mar. 19 Mar. 25 1 Mar. 22 Mar. 1 Mar. 5 Mar. 1 i Mar. 5 Mar. 21* Mar. 30 Sale Sale 105 1 1 1 120 Sale 103 j Mar. i Mar. i Mar. Sale Sale 1 Mar. 8 Mar. 21 1 Sale Sale 2 Mar. 110 Sale 1* Mar. 29 2* Mar. 31 1 Sale Sale Sale 3 116* Mar. 31 2* Mar. 31 5* Mar. 31 115* 120 40* Sale 31* Sale Sale 14* Feb. Mar. 19 Mar. 30 50* 3 Mar. 10 Mar. 30 1 4 9* Jan. 1 11 Sale 22* Feb. 6* Mar. 31 35 4 | Mar. 1 Mar. 2 Mar. 3 Mar. Mar. 2 1 1 Mar. 19 10 Mar. 30 9* Mar. 26 85 Mar. 10 L10 Mar. 31 27* Mar. 31 22* Mar. 30 * Mar. 30 25 2 Sale Mar. Mar. Sale 8* Mar. 23 Mar. Mar. 1 1 2 7 14* Mar. 23 Mar. Mar. 2 1 7* Mar. 29 Mar. 1 18 57* 14* Mar. 23 9 Mar. 29 7* Mar. 29 51 Mar. 29 Jan. Jan. 16* Jan. 90 Jan. Jan. Jan. Feb. Jan. Jan. Mar. Jan. Jan. Jan. Jan. Feb. 21 fl 12 17 7 20 17 12 10 11 10 15 11 12 10 12 24 23 120* Feb. 11 45>| Jan. 10 33* Jan. 17 1* Jan. 11 30 Feb. 3 57* Jan. ll Mar. 5 25* Mar. 31 38* Jan. 16 112* Jan. 4 116* Mar. 6 21* Mar. 30 31* Jan. 18 4 Mar. 31 6* Mar. 29 L02 Jan. 5 106 lk Mar. 30 2* 12* Mar. 30 26* 85* Mar. 19 90 1 2 Mar. 25 Mar. Mar. 4 5 16 Mar. 25 3 Jan. 4 122 50* Jan. 118 Jan. Jan. 2* Jan. 4* Mar. 29 7* 4* Mar. 31 7* 82 Mar. 29 97 29 Mar. 29 45* 9 6* Mar. 31 116* Mar. 31 123 5* 2* Mar. 31 13 5* Mar. 31 11 Mar. 30 25* 35 Mar. 30 72 20* Mar. 31 28 13* Mar. 29 15* Mar. 31 13 Mar. 31 Sale Sale 12 13 21 4 [ Mar. Mar. 29 Mar. 29 Sale 5* Jan. 40* Jan. 28 27 ; Mar. Mar. 10 45 Sale Mar. 31 19* Mar. 30 Mar. 4* Mar. 29 4* Mar. 31 74 26* Mar. 29 2* Mar. 31 10 96 Feb. 20 20* Jan. 12 65 Jan. 18 Mar. Mar. Sale 63 26 11 2 82 10 50 3 85 Sale 5 Jan. 85 28 10 12 3 8 Mar. 2 Mar. 15 Mar. 2 Mar. 29* Jan. 15 11 11 33* Jan. 1* Mar. 26 2 8 25* Jan. 92 Jan. 34* Feb. 18* Feb. Jan. 4 Mar. 90 9f* m 8 11 18 21 Mar. 29 Mar. 25 Mar. 31 ; Mar. Sale 95 Sale 12 Feb. 11 18 Mar. 30 88 Sale , 5 9* Mar. 29 10 Sale p 15,400 28,300 Sale 16 Mar. 1* Mar. 29 2* Mar. 31 10 Sale 10* Mar. 26 22* Mar. 28 Mar. 11* Mar. Sale Mar. 25 Mar. Mar. Mar. Mar. Mar. Mar. 2* Mar. 24 Sale 12 33* Feb. 23 Mar. "16* Mar."31 Mar. 87* Sale 9* Jan. 18 Sale 30 Mar. 11* Sale 23* Sale 15 16* 1* Sale Sale Sale Mar. Mar. 2 Jan. Jan. 2 Jan. 18* Jan. x79 Jan. Mar. 25 Sale 1 1* 1* 12* 67* 22* Mar. 15 96* Feb. 24* Mar. Sale Sale 1 Mar. 96* Feb. 21 19* Mar. Sale 7 1* Mar. Sale 120 Mar. 12* Mar. 28 73 75 Mar.""! 1 * Mar. Sale 21 55 68 25 46 Sale Sale 6* Mar. 71* Mar. Mar. Sale 16* Sale Sale Sale 2 2 Mar. 15 75 75 "2* Mar.' Mar. Mar. 33* Feb. 18 10* Jan. 14 75* Feb. 25 Sale 22* Sale ..... Mar. 11 m* Sale Jan. Jan. 50 Sale 1 2 Mar. 11 Mar. 2 Mar. Mar. 55 Sale 10,400 10,500 Sale Sale 2,490 For footnotes see page 40t 5 76 180 54,500 Mar. Sale 1,136,100 13,700 3,000 14,800 29,900 69,600 8,000 2 33 Sale 347,800 5,400 1,300 4,400 7,200 800 1 19* Mar. Sale 50 13,500 30,700 1,600 Mar. 3 21 Sale 157,500 13,200 75,400 22,120 20,500 3,400 Mar. Mar. 29 119 71,700 8,600 21,700 8,250 10,700 2 Jan. 19* Mar. Sale * 90 Sale Jan. Jan. 19* Sale 93* 91 Sale 6% preferred 100 General Motors Corp......10 Preferred (5)... * Gen Outdoor Advertising. A* Common General Printing Ink......l $4 preferred..............* General Public Service.... General Ry Signal * 6% preferred...........100 Gen Realty Ar Utilities Corp. 1 $6 preferred..............* General Refractories.... * Gen Steel Castings $6 pref..* Gen Theatres Equip Corp...* Gen Time Instrum Corp....* General Tire Ac Rubber Co..5 Gillette Safety Rasot ......* $5 conv preferred.........* $6 conv preferred A 2 Sale 30 Sale 1,310 90 Jan. 1* Mar. Jan. Sale 7,400 General Mills........ 80 62 2 1 69* 260 2,300 54 Mar. Mar. 2 Sale Filene's (Wm) Sons Co...—* Mar. 46 1* Mar. 11 Sale 4H% preferred.......—100 Fidelity Phenix Fire Ins.2.50 40 1 * Feb. 3* Mar. 3* Federated Departm't Stores.* 4 1 2* 2* 1* 14 Federal Water Service A....* 3 Mar. Mar. 90 * 38} Mar.; Jan. 106* Jan. 6* Jan. 49* Jan. Mar. Mar. Mar. 3* Mar. Sale Federal Screw Works 100 2. Mar. Mar. Sale 105 * 5 1 Jan. Mar. * ....100 Preferred... Feb. 33* Mar. Mar. Jan. Mar.; 3* Sale lk 7 50 Federal Motor Truck * Mar. 1* Jan. 17 Jan. Sale 40 22,900 9,500 19,900 10,300 4,000 21,000 31% H* 40 n Mar. Sale Sale 70 — Mar. 11 Mar. 22 Mar. 26 Mar. Mar. 5* 1* Sale 30 11 Light k Traction—15 Lvaar. 23 Mar. 40 21* Mar. * Feb. 1 Mar. Sale 74 Federal 18 7 Mar. 28 106} Mar. Sale Sale Fa Jar do Sug Co Porto Rico. 20 6* Mar. 22* Mar. 42 Sale 3* Sale 7* Sale 1* Sale 1* Sale 7* 9* 27 1 Sale 2* Sale Sale 100 1 2 Sale 62 2 33* Mar. Mar. Mar. Mar. Mar. Sale 200 $6 preferred * 1,200 Federal Mining Ac Smelt..100 100 10",500 100 55 54 Sale" 86 Sale — ~4~, 800 Sale Mar. 10 13* Mar. 29 15* Mar. 31 13 Mar. 31 8* Mar. 23 9 51 i* it* 20 Mar. 29 Mar. 29 P AGGREGATE SALES in Since March Share* 69,100 25,300 1,300 21,100 Price Jan. 3 40 29,000 5,000 3,000 3,800 7,000 3,300 13,500 101,000 5,900 180 "o", 850 110 _ 84,200 16,800 4,700 220 2,300 2,300 1,800 390 r 8.100 2,500 160 120 12,200 70 3,000 140 10,100 700 25,100 600 120 90 Gold A Stock Teletf Co 310 Preferred........ — 5,300 10 38,900 2,100 19,600 154 Sale 1254 \l* 29 18 415 10 Sale 8 Sale 40 42 1H 29 X 654 1754 20 25 32 X 26 34 654 Sale 18 17 X 13 X 37 6% preferred...........100 A...........1 240 654% preferred w w 10# 21,200 Hayes Body Corp 2 4,500 Hazel*-Atlas Co............25 58,000 Hecker Prod Corp ▼ t c.....* 25 1,500 Helme (G W) 390 7% preferred 100 91X ....... 150 15 Motors....—... 52 L25 Sale 129 4154 5054 84 54 Sale 16 25 19 Sale 100 9 Sale 20 54 Sale 19* 22 99 it* Sale Sale 51 Sale 20 Sale 105 9 185* 102 101 53 21 8 54 56 128 43 AX 96 Sale Sale Sale 25 6054 Sale 23 54 2254 50 Sale 3754 2X "16"" 154 Mar. 26 254 Mar. 30 Sale 35 i§x 73 2% 61g 70 Sale Sale Sale Sale 5254 19 X 1354 2354 12354 124 50 40 1IX 30 8 7% 12 354 854 22 Sale 35 Sale Sale Sale Sale Sale Sale 2654 3054 Sale Sale Sale 5 9754 9054 Sale 125 a5A Sale Sale 83 554 Sale 88 140"" 14754 Sale 10 4254 Sale 130 51 122 39 80 865 1654 19. 1954 Sale Sale 100 554 Sale 1454 Sale 110 100 4954 Sale 1754 Sale Sale Sale 6 48 54 Sale 79 83 51X Sale 88 54 92 754 Sale 49 X Sale 44 Sale Mar. 2 254 Mar. 35ft Mar. 2 23 1 2 Mar. 4 1754 Mar. 5254 Mar. 1 3 Mar. 1 8654 Mar. 454 Mar. 2 2 Mar. 22 15ft Mar. 1 55 Mar. 1 8 Mar. 31 Mar. Mar. 30 Mar. 5 4 2 1054 Mar. 30 1954 Mar. 31 Sale Sale Sale Sale Sale Sale 40 254 Mar. 31 AX S* 1 4 Mar. Mar. 31 30 26 30 29 Mar. Mar. Mar. Mar. 54 Mar. Sale 85ft Mar. 55 23 72 1554 72 254 5254 Sale 8 Lowest Sale Prices 5 Mar. 29 43 Mar. 28 13 Mar. 30 38 Mar. 2 Mar. 11 Mar. 31 Mar. 31 10 35 254 Sale 12 98 93 95 88 15 2154 Sale 125 X 128 120 7 4 654 77 54 60 50 2 Sale 1 77 9554 99 Hat Corp class Sale Sale Sale 70 2 94 190 Hercules Powder new..... 30 127 50 Sale 126 • * 740 6% preferred...........100 1,000 Hershey Chocolate.........* $4 cony preferred........ 4,600 1.400 Hlnde A Dauch Paper Co..10 41,700 Holland Furnace.......... 910 $5 cony preferred.........* 21,500 Hollander (A) A Son........5 15,200 Holly Sugar Corp......... 10 7% preferred...........100 158,200 Homestake Mining..... 12.50 6,300 Houdallle-Herahey cl A ....* Class B • 55,200 Sale 2254 Sale 1254 Sale 23 JSale 2ft Preferred A...——......2ft AX 42 Sale 25 X Hackensack Water....... Harbison Walker Refrac AX Sale ..... 9,400 60 X 154 Sale 10 13,000 Mall Printing..... * 4,300 Hamilton Watch....... 270 6% preferred...........100 38,000 88 55 ——10ti 340 Hanna (M A) Cc If pref 56 Sale Sale Prices 5 Mar. 29 43 Mar. 28 13 Mar.3u 38 Mar. 2 Ask 92 86 4 ...... 33,300 610 P 163,300 Greyhound Corp (The).....* 32,600 5H% preferred.......... 10 11,100 Guantanamo Sugar...... 640 8% preferred 100 3,900 Gulf Mobile Or Northern.. I so 4,800 6% preferred... .....100 800 41 1654 Sale ............. 9,800 7,400 72 100 670 Preferred! Idii 30 Green Bay & Western RR. lOd 24,100 Green (H L) Co 1 120 Greene Cananea Copper.. 100 2,600 5454 Sale Highest Sale Prices Lowest Mar. 31 Ask Bid Sale 254 AX 354 Sale . 15,900 Hercules 2,500 1,100 17,000 si* n* 254,000 Graham-Paige Motor*...... I Granby Conaol Mining 66,000 Smelting & Power Ltd 5 9,400 Grand Union Co trust erf*. 1 6,800 S3 conv preferred series * 18,300 Granite City Steel....... 14,900 Grant (WT) 10 13,200 5% preferred 20 48,300 Great Northern Ir ore proi 241,000 Great Northern pref——.10ft 16,700 Great WesfSug 5,000 450 700 * 187,700 Goodrich iB F) 11,500 Sf preferred............. 316,400 Goodyear T (k R S5 preferred 10,300 • 15,300 Gotham Silk Hosiery.—... * 240 85,400 Glmbef Brother* Mar. 1 Bid . 11,700 3,500 113,200 3,900 7,900 1938 Par —— 800 67,500 n. y. stock exchange 2,400 $6 preferred...... • 55,300 Glidden Go (The). ......* 2,600 4H% conv preferred 50 26,100 Gobel (Adolf).... ..I 28,000 Goebel Brewind Co. ...1 9,300 RANGE SINCE JAN. PRICES IN MARCH STOCKS Jan. 1 Shafts 35 N. Y. STOCK EXCHANGE—STOCKS April, 1938] Mar. 1 Mar. Mar. 16 Mar. 30 Mar. 31 Mar. 1 2 Mar. 1 Mar. 1 Mar. 30 Mar. 23 Mar. 4 Mar. 2 1854 Mar." 1 41 Mar. 21 21 954 1254 2354 12354 " 13 54 "Mar ^ 30 3454 Mar. 29 754 Mar. 31 31 7^| Mar. 31 M^ 12 3 1154 Mar. 15 854 Mar. 19 154 Mar. 2 Mar. 22 7 lix 98 9054 Mar. 24 9454 15 Mar. 29 2154 121 Mar. 28 12554 454 Mar. 30 654 5054 Mar. 31 67 15ft Mar. 31 2 Mar. 1 95 Mar. 1 554 Mar. 25 754 Mar. 8454 Mar. 23 *9154 Mar. 2 95 4254 Mar. 31 128 Mar. 80 1654 Mar. 25 1954 Mar. 29 Jan. Jan* 11 17 15 Jan. 19 57 24 89 Feb. 15 23 28 454 Jan. 11 55 Jan. Feb. t 2 Feb. 21 Jan. 12 654 Jan. 12 11 11 10 Jan. Jan. 10 24 1554 Jan. 12 Jan. Jan. 12 23 32 12 Mar. 31 Feb. 18 15 121 Mar. 29 Mar. 28 454 Mar. 30 5054 Mar. 31 154 Mar. 31 14 6 22 12 16 15 854 Mar. 19 nl'X 28 6 19 Jan. Jan. Feb. Jan. 10 12 16 12 Mar. 11 Jan. 6 Jan. 7 2154 Jan. 15 Jan. 18 100 Jan. 6 96 Jan. 25 15 12654 Feb. 28 Jan. 19 Feb. 8 67 254 Jan. 11 Feb. 24 95 754 Jan. 17 28 34 7 £754 Mar. 1 1554 Mar. 2 1 Mar. 11 Mar. 11 Jan. 11 58 4254 Mar. 31 Feb. 1 12654 Jan. 19 130 40 Mar. 19 4354 Jan. 26 56 1 130 Mar. 19 Mar. 28 40 1 3 80 7954 Mar. 29 554 Mar. 25 Feb. 23 8454 Mar. 23 94 140 Jan. 8 15254 Feb. 17 10 Mar. 26 Jan* 11 17 Mar. 22 150 Mar. 26 2454 Mar. 28 3054 Mar. 31 5 Mar. 25 9054 Mar. 24 7 10 4 8 9 145 754 Feb. 5 Mar. 18 2 10 Jan. 23 12754 Jan. 40 Jan. 22 40 Jan. 1354 Mar. 30 2154 Jan. Feb. 3454 Mar. 29 45 754 Mar. 31 1154 Mar. 2 Mar. 29 30 Mar. Mar. 11 19 Jan. 31 Mar. Mar. Mar. Mar. 7954 Mar. 3 30 Mar. 29 Mar. 11 Mar. 11 95 Mar. Mar. Mar. Mar. 8 Mar. 18 Mar. 25 Mar. 31 Jan. 954 1254 2354 12354 Mar. 25 15 5 12 20 3 28 34 Jan. 3 i 554 Mar. 11 2454 Mar. 28 3054 Mar. 31 51 Mar. 31 Mar. 31 Mar. 28 Mar. 954 Jan. 10 Jan*- 13 58 27 8 Mar. 30 Jan. Jan. 1054 Mar. 30 1954 Mar. 31 *2754 Jan. 12 21 Sale Prices 254 Mar. 31 8 Mar. 28 Mar. 25 Mar. 29 8 Highest, 154 Mar. 26 254 Mar. 30 70 Feb, 3 10 Mar. 31 35 Mar. 31 1554 Mar. 31 72 Mar. 30 254 Mar. 30 5254 Mar. 30 54 Mar. 29 1 1 43 93 20 2454 100 Mar. 10 10054 554 Mar. 26 854 14 Mar. 26 185ft 102 49 Mar. 16 102 Mar. 30 6054 1754 Mar. 31 2254 6 Mar. 30 10 9 Mar. Mar. 11 Mar. 2 Mar. 16 80 17 Jan. Mar. 12 Mar. 7 98 Jan. Mar. 14 5 Mar. 16 Mar. 4 Mar. 3 Mar. 1 Mar. 28 93 Jan. 1654 Mar. 25 20 Mar. 13 2 31 2454 Mar. 16 10 10054 Mar. 12 554 Mar. 26 Mar. 26 102 Mar. 16 49 Mar. 30 1754 Mar. 31 6 Mar. 30 Jan. il* Jan. 12 12 Mar. 16 Jan. 20 Jan. 12 12 1154 Jan, Household Finance- 3,200 500 75,300 17,600 3,100 1,400 13.600 38,100 47,200 49,600 500 940 270 2,800 16,100 3,000 40 15,600 85,200 10,100 25,100 5,000 280 5,200 79,800 13,800 4,100 5,700 72,800 1,850 40,500 12,700 11,500 Common stock....——.-* 6,900 1,800 5% preferred ... 100 187,100 Houston Oil of Texas » t c .25 Howe Sound Co...——ft 54,000 6,200 Hudson ft Manhattan....100 2,000 5% preferred...........100 13,500 Hud Bay M&SmCo Ltd..100 135,900 Hudson Motor Car—.—..* 139,800 Hupp Motor Car Corp...—1 250 500 Internet Nickel of Canada..* 680 860 2,700 2,300 530 2,320 3,300 290 11,600 1,200 2,000 3,300 110 6,500 8,600 80 85ft Sale 154 Sale 654 .... International Salt—....—* Island Creek Coal 1 preferred—...........1 Jewel Tea Inc..............* 92,800 lohns-ManvllIe .........—* Preferred. .............100 1,300 7,320 Vones ft Laugh Steel pref. 100 6,100 Kalamazoo Stove A Fura Co 10 310 Kansas City Lt 1st pf Ser B * 39,900 Kansas City Southern.—100 4% preferred—........ 100 3,600 4,400 Kaufman Dept Stores..112.50 11,400 Kayser (J) A Co............5 110 Kelth-Albee drpheum pf.lt* Kelsey Hayes Wheel-— Convertible class A.......1 13,600 Cone class B...........—1 23,300 340 Kendall Co $6 pt pf ser A...* 2054 Mar. 30 Sale 3 Sale 14 70 Sale Sale Sale Sale 254 254 754 Sale 2 Sale 1554 Sale xl30 Sale 5254 Sale 14254 Sale 354 Sale 254 Sale 654 Sale Sale Sale 3854 Sale 12754 135 Mar. 29 5 Mar. 30 54 Mar. 30 54 Sale 3 15 83 50] 135] 3 654 Mar. 30 Mar. 31 4654 Jan. 4 8354 Jan. 26 5 Mar. 31 854 Mar. 1 50 Mar, 2 Mar. Mar. 1 5 7 2354 Mar. 30 154 Mar. 26 2354 JVxar. 28 854 Mar. 2 154 Mar. 2054 Mar. 30 5 3 Mar. 29 5 Mar. 30 54 Mar. 30 5254 Mar. 22 90 Feb. 24 854 5354 254 754 2354 Jan. Jan. Jan. Jan. Mar. 11 13 13 13 28 10 Jan. 13 154 Jan. 10 1354 Mar 24 20 Mar. 1 654 Mar. 30 1354 Mar. 24 20 23 3354 Mar. 3 23 38 Jan. Mar. 2 1 4 Mar. 30 Mar. 16 Mar. 29 Jan. 1454 Mar. 31 M 22 . 4 4 Mar. 30 Mar. 16 Mar. 29 1154 Mar. 6 7 Mar. 1454 Mar. 31 20J4 Mar. 60 78 1 Mar. 25 .3654 Mar. 16 L38 5754 Mar. 31 75 754 Mar. 30 1354 354 Mar. 30 454. 25ft Mar. 26 554 15 83 Mar. 30 2 Mar. 29 Mar. 16 654 Mar. 30 2 Mar. Mar. Mar. 5054 Mar. 15 :130 .41 Mar. 26 23 85 Mar. Mar. Mar. 1 1 5 Mar. 1 Mar. 14 354 Mar. 15 1154 Mar. 1 354 Mar. 1 26 25 31 L54 31 1 Mar. 5 Mar. 31 Mar. 4 1 3 Mar. Mar. Mar. 2 654 Mar. 31 1054 Mar. 3 3654 Mar. 31 5154 Mar. 1 7 13554 Mar. 1 2 135 Mar. 25 Mar. 6 4 1 4 Feb. 25 Jan. 10 18 60 Jan. 135 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 6 12 12 17 Jan. 17 Mar. 25 86 Feb. 8 138 5754 Mar. 31 7854 754 Mar. 30 1554 354 Mar. 30 454 2 5ft Mar. 26 654 15 Mar. 30 25 83 Mar. 16 95 2 Mar. 29 654 Mar. 30 1354 2 Mar. 26 354 15 Mar. 26 29 Mar. 3 Mar. 11 *130 6854 Mar. 9 L52 354 Mar. 31 4 Feb. 25 Jan. 10 iIX Mar. 31 15454 70 141 Mar. 9 152 354 Mar. 31 2 Mar. 25 654 Mar. 31 11M 5054 Mar. 31 3654 Mar. 31 132 Jan. 14 6 12 11 19 13 12 21 11 Mar. 3 Jan. 12 Jan. 11 Jan. 21 Jan. Jan. 5254 Feb. 23 1 19 13554 Mar. " 6,900 International Shoe.........* 6,400 International Sliver———106 7% preferred 100 1,060 —— • 386,600 Internat Tel ft Tel Foreign there certife * 169,500 39.200 Interstate Dept Stores....—• Preferred.............. 100 1,680 3,700 Intertype Corp........... For footnotes see page 40. Sale Sale 5 Sale 5754 Sale 754 Sale 354 354 754 Sale 9,100 154 Sale 2354 Mar. 30 154 Mar. 26 25 60 138 30 5ft Sale Si 90 654 Sale 43 54 Sale 125 132 5254 Mar. 22 Mar. 31 Mar. 31 11 5% cony pref.........—100 kl6,210 Int Rys of Cent Amer_..._.* Voting trust certificates..* "4",880 5% preferred...........100 5,500 5 ft Pow cl B.* 129,200 4,500 86 86 2354 31 254 3 454 Sale 145ft Sale New. ............ .......15 207,500 30 2,400 40,700 100 Preferred... 4754 *4654 Mar. 30 Sale 554 Sale 21 Sale, 7 6% preferred...........100 Internat Paper Class C 187,300 25,000 13,900 IjHS 154 454 .. 839,610 1,720 2,700 3,500 3,600 Sale * 37,100 Inland Steel 331,500 Inspiration Cons Copper..20 22,300 Insuranshares Ctfs Ine.—.l 100 44,200 tlnterboro Rap Tran... 17,900 d Interchemlcal Corp.......* 710 6% preferred.......—..100 * 13,100 Intercontinental Rubber. 296,400 Inter lake Iron.............* 41,500 Internet Agricultural......* Prior preferred...—....100 10,400 12,700 Int Business Machines..—.* 166,900 Internet Harvester......—.* 7% preferred ...——100 2,550 111,500 Internet Hydro-Elec Sys A.25 44,300 Internet Mercan Marine....* 62,900 Int Mining Corp.——1 400 " 42 ........ISO 125,500 Illinois Central 5,300 0% pref series A.......100 Leased line 4%.........100 4,460 RR sec stock ctfs ser A1000 1,050 7,100 Indian Refining.... .....10 49,900 Industrial Rayon Corp.....* ....* 9,200 Ingersoll-Rand 286,700 90,600 53,700 3,150 654 Sale 354 Sale 854 Sale 33 5ft Sale 4 454 454 Sale 1854 Sale 254 Sale §6 "3954 Sale" 21 32 16 Sale Sale 12 65 Sale 50 654 Sale 7 Sale 6 954 Sale 7X Sale 20 Sale 15 17 13 1354 74 X 87 754 Sale 454 Sale 88 2854 Mar. 25 1954 Mar. 31 Mar. Mar. Mar. Mar. 31 28 30 31 Mar. 30 654 Mar. 30 6554 Mar. 18 8 Sale Sale 18 111 Sale 115 18 A\x 4454 Mar. 5154 Sale Sale 124 Sale Sale 12554 Sale 18 ilIU Sale 654 Sale 67 117 60 M Sale 76 X Sale 123 124 71 Sale Sale Sale 554 Sale 70 X Sale 954 10X 21H Sale 116 Sale 1954 Sale 2854 Sale Sale 454 Mar. 29 1854 Mar. 31 254 Mar. 30 Sale" Sale" 13 2154 1654 Sale Sale Mar. 31 Mar. 30 58 122 50 Mar. Mar. Mar. 1254 Mar. 118 5 12 Mar. Mar. Mar. 1354 Mar. Sale 11 7654 5 Sale 354 Sale 8254 8954 1 1 3 454 Mar. 29 1854 Mar. 31 254 Mar. 30 Man "3 2154 Mar. 18 3354 Mar. 2 1954 Mar. 31 2854 Mar. 31 454 Mar. '4154 19 2854 Mar. 25 Mar. 2 12 6554 Mar. 8 854 Mar. 854 Mar. 1154 Mar. 70 Mar. 1154 Mar. 2154 Mar. l 1 4654 Mar. 30 4 554 Feb. 2 6 Mar. 28 Feb. 4 654 Mar. 30 1 63 3 3 8 18 Feb. 10 Mar. 31 Mar. 30 11654 Jan. 19 Sale Sale 80 854 8 854 Mar. 33 5ft Mar. 65 Mar. Mar. 454 Mar. 29 3 85 Mar. 26 Mar. 1 6354 Mar. 11 4454 Mar. 30 78 58 Mar. 4 12554 Mar. 14 122 65 18 Mar. Mar. l 5 11854 Mar. 25 Mar. 3 4 Mar. 4 Mar. 1 Mar. 18 Mar, a* 73 S Mar. 15 554 Mar. 1 8554 Mar. 24 50 Mar. 29 Jan 24 Mar. 29 954 Jan. 3954 Jan. 6 Jan. 12 12 21 Jan. 21 Feb. 17 Jan. 24 Jan. 17 20 68] Jan. 25 854 Feb. 26 854 Feb. 26 1354 Jan. 12 75 Jan. 11 12 Jan. 18 24 Jan. 15 117 Jan. 8 48] 22] 35] £X 86 lllX Mar. 11 Jan. 10 Mar. 14 Jan. 10 78 10 1954 Jan Mar. 8 11854 Mar. 25 5 Mar. 31 Feb. 25 12 Mar. 29 Jan. 3 Jan. 12 1354 Mar. 31 11 Mar. 30 Jan. 12 65 Mar. 25 73 Mar. 18 1254 Mar. 25 118 $ P 454 Mar. 29 3 80 Mar. 26 Jan. 6 954 Jan. 65i Jan. 87 Jan. 10 10 14 36 N. Y. STOCK EXCHANGE—STOCKS SALES AGGREGATE STOCKS MarchM Jan. 3 Shares Par 611,800 24,200 3,900 5,200 "T.740 2,720 42,900 4,300 3,100 40,400 Kennecott Copper ♦ Keystone Steel 8c Wire Co—* Klmbarly-Clark........ Kinney (G R) ..... 600 6,300 6,000 190 20,300 12,600 82,100 19,400 6,700 5,300 24,400 2,600 3,500 33,200 12,100 23,100 140,300 2,800 ■ Series B 4,500 #1,800 900 600 ^7,020 1,900 9,300 32,700 5,430 3,340 640 310 60 580 19,800 v 500 6,700 , 10,600 30,500 28,900 270 2,400 100 164,800 . 700 1.270 41,800 15,300 9,200 10,200 17,100 590 ■' 1,600 7,900 340 26,600 700 Manati Sugar Co Mandel Bros * 5,470 tManhat'n Ry Co. Mod 7% gu.100 ..100 5% guar Manhattan Shirt. ....25 13 16 22 Sale 7)4 Sale 24% 25% 88% 90% Sale 88 160 170 Sale 105% 1% Sale 32 Sale 3% Sale 18 Sale 103% 106 16% Sale 131 135% 16 Sale 51 Sale 16 Sale 4% 27 90 93% 165 26% Sale 10% 10% 23% Sale 1-6 Sale 17% Prior preferred Second preferred 6 10 6% Sale Sale 4 6* 7% Sale 1% 1% 23% 28 7% Sale 20% Sale 3 Sale Masonite Corp— 7% preferred 100 10 * * $3 preferred ex-warrants.-* $6 1st preferred ....* McCall- Corp...........--..* tMcCrory Stores new com.. 1 6% con? preferred... 100 w $3 con? McLei 6% an * pref Stores Co......—1 con? pref Mead Corp $6 pref series A — 100 * * $5.50 5% conv 1st pref.. 50 210 Merch 8c Min Transp Co....* Mesta Machine Co 5 .. .... •Haml Copper 5 62,500 Mid-Continent Petroleum.10 ......— 153% 157 34% Sale 5 20% Sale 25 8 Sale 73 25% 81 94% 166 19 80 14% Sale Sale Sale Sale 32 126 22 Sale 32 Sale 12% 27 12% Sale 13% 6% 11% 15 7% 13 2% Sale % 4 10% 1% 28 1% 6% 11% 2 Sale 8% Sale 18% Sale 3% 3% 34% Sale 22% 40 6 21 41 Sale 24 90 95 Sale Sale 7% Sale 35 Sale 7 80 94 7% 13 Sale 50 53 72 54 43% 46% * Sale 8% 1st preferred 100 10 Milw El Ry 8c Lt 6% pref..l00 39,400 Minn-Honeywell Reg Co....* 540 4% conv pref ser B.....100 91 93 96 100 61 Sale 102 105 5. 21% 6 40 5% Sale 15% Sale 9% Sale 19 Sale 26% Sale 95% Sale 93 Sale Sale Sale Sale Sale Sale 128 Sale Sale Sale 24% 116% 126 16% Sale 25 10% Sale Sale 18% Sale Sale 4% 6 6% Sale 2% Sale 9 Sale 1% Sale 5% Sale J* m 3% 10 19 5% 5 Sale a l% Sale Sale 14% Sale 3 Sale 25 Sale 28% Sale 3% Sale 17 Sale 61 Sale 75 8% Highest Sale Prices 26% Mar. 30 6% Mar. 31 20 114 93 Sale 1% Mar. 29 15% Mar 31 2% Mar. 26 . 22 Mar. 26 12% Mar. 31 8 Mar. 29 15 Mar. 26 8% 3% 10% 13% Mar. Mar. Mar. Mar. 100 3 % 1% 19% 6% 19% 23% 6 25 81 81% 160 31 26 31 30 14% 20% Mar. 26 Mar. 25 29 12% Mar. 31 Mar. 4% Mar. 27% Mar. 15% Mar. 9 7 1 Mar. 2 22% Mar. 11% Mar. 4% Mar. 14% Mar. 2 4 15 Mar 13% 128% 12% 30% 17Mar. 31 17% 104% 13 22 Mar. 29 18% Mar. 27 ill6% Mar. 30 122 1 16 Mar. 29 22% 24% Mar. 30 32% 10 Mar. 26 12% 18% Mar. 31 27 % Mar. 29 1% 4% Mar. 30 5% 5% Mar. 26 16 2% Mar. 26 8 Mar. 30 1% Mar. 31 5 Mar. 31 % Mar. 4 3% Mar. 23 9% Mar. 28 % Mar. 30 18% 5% 14% 2% Mar. 30 Mar. 30 Mar. 30 Mar. 26 25 Mar. 29 19% Mar. 31 162 Mar. 28 Mar. 29 83% Mar. 9 8% Mar. 31 Sale Sale 10% Mar. 31 7 Mar. 23 Mar. 31 Mar. 26 35% Mar. 25 14 Sale 14 5% 28% 5% 70 Sale Sale Sale 5% Mar. 29 28% Mar. 31 Mar. 29 5 Mar. 26 83 Mar. 26 For footnotes ..... see page 40. Mar. 1 2 Mar. 21 Mar. 23 Mar. 5 5 Mar. 17 4% Mar. 23 12% Mar. 11 1% Mar. 8 28 8% 19% 3% 35 Mar. 1 Mar. 1 Mar. 16 Mar. Mar. 2 4 27% Mar. 10 Mar. 17 41% Mar. 2 Mar. 30 Mar 22 26 12% Mar 31 8 Mar Jan. Mar. 29 3 % 1% 19% 6% Mar. Mar, Mar. Mar. 19% Mar. 23% Mar. 6 1% Jan. 5% Jan. 28% Jan. 30 27% Mar. 2 42 Jan. 11 9 Jan. 10' 27% Feb. 25 31 21% Mar. 7% Mar. Mar. 2 1 1 23 Mar. 2 Mar. 26 Mar. 1 Mar. 28 Mar. 2 Mar. 3 Mar. 2 Mar. 1 Mar. 11 Mar. 2 Mar. 1 Mar. 2 Mar. 1 Mar. 12 Mar. 13 53 35 Mar. 31 44 3% 16% Sale Sale 3% Mar. 30 16% Mar. 29 5 9 28 14 Sale 5% 13% Sale Sale 26% Mar. 30 5% Mar. 31 12% Mar. 30 Mar. 30 16 Sale 16 80 Sale 92 80 Mar. 31 15% 40% 9% 19% 26% 95% 50 Sale 50 Mar. 31 67 2 100% Mar. 31 105% Mar. 18 Mar. 1 Mar. 7 Mar. 29 Mar. 16 Mar. 21 Mar. 9 Mar. 2 Mar. 1 Mar. 2 Mar. Mar. 4 Mar. 1 1 Mar. 25 Mar. 1 Jan. Jan. 81% Mar. 31 102% Jan. 160 14 10 11 Mar. 30 167 14% Mar. 31 18 20% Mar. 26 29 Mar. 25 12% Mar. 31 33 Mar. 31 104 Mar. 23 % Mar. 26 26 Mar. 31 2% Mar. 28 14% Mar. 31 97 13% 128% 12% 30% 13 22 Jan. 5 Feb. 28 34% Jan. 12. 42% Mar. 20 Jan. 52% Jan. 106% Jan. 1% Jan. 39% Feb. 4% Feb. 21 Mar. 31 106 31 18 Mar. Mar. Mar. Mar. Mar. 23 140% 31 17% 29 56% 30 21% Mar. 29 31 % Mar. 29 4% Mar. 30 5% Mar. 26 2% Mar. 26 Mar. 30 9 1% Mar. 31 5 Mar. 31 % Jan. 3% Feb. 7 Jan. 6 7 8 % Mar. 30 18% 5% 14% 2% 25 Mar. Mar. Mar. Mar. Mar. 30 30 30 26 29 19% Mar. 31 157 5 12 12 14 17 21 23 Jan. 12 Jan. 18 Jan. 14 Mar. 11 Jan. 13 Jan. 10 Jab. 12 Jan. 116% Mar. 30 126 16 Mar. 29 24% 24% Mar. 30 32% 10 Mar. 26 13% 18% Mar. 31 30% 2 7 Jan. 21 Jan. 12 Feb. 28 Feb. 10 Jan. 11 Mar. 15 Jan. 10 9 20% Jan. 9 Jan. 12% Jan. 2% Jan. 7% Jan. 1% Jan. 6% Jan. 12% Mar. 1% Jan. 29 Jan. 9% Jan. 21% Jan. 4% Jan. 37% Jan. 13 13 13 11 11 31 13 11 13 14 12 3 24 10 27% Mar. 10 Jan. 26 165 Feb. 23 28% Mar. 31 42% Jan. 15 3% Mar. 26 Mar. 29 Jan. 4 35 7 84 11 Mar. 30 Mar. 30 100 81 Mar. 28 4 6% Feb. 25 12 13 12 26 29 30 29 Mar. 29 25 12 10 8 31 15% Jan. 12 30 19% Jan. 12 4 102 Feb. 9 26 17 Mar. 12 Jan, 12 20 80 42 17 18 1 2 12 12% Jan. 6 Jan, Mar. 29 Mar. 3 9% Mar. Jan. Jan. 30 31 20 91 74 15 6 17% Jan. 28 29 4 1 3 12 18 Mar. 26 Mar. Mar. 1 Mar. 18 Mar. 15 Feb. Mar. Mar. Mar. Mar. Jan. 23 9 15 16% Jan. 18% Jan. 8% 3% 10% 13% 95 Mar. 12% Mar. 43% Jan. 10 9% Jan. 12 22% Mar. 4 2% Jan. 10 15 ? 6 Mar. 25 1§ 2 1 3 1 50 r is Mar. Mar. Mar. Mar. 2 4 Mar. 26 Minn Mollne Pow Implem..* 7 Sale 5% Sale 7 4% Sale 35 Mar. 31 50% 52 52 55 37 Sale 50% % Sale % 6,400 Minn St Paul"8c"S S"Mil—Ion % Sale % Mar. 24 % ,% % Mar. 16 % Sale 7% preferred...........100 1,000 % 1 Sale % Mar. 28 1,610 4% leased lines........100 )4 11 Mar. 31 15 15% Sale Sale 15% 11 12,800 Mission Corp-..............* 14% 3 1% Mar. 26 • 2% Sale 33,200 Mo Kan-Texas .; 3 3% 1% Sale 4% Mar. 29 8% Sale 9% Sale 10 71,900 4% Sale 5% preferred series A...100 1% 1% % Mar. 30 12,500 {Missouri Pacific........100 1% Sale 1% Convertible prefer red—100 2% Sale 2% Sale 36,600 1% Mar. 25 Sale 2% 10 Mar. 30 13% Sale 18,600 Mohawk Carpet Mills 15% Sale ...20 10% Sale 15% 84 Sale 39,400 Monsanto Chemical Wks.-lO 88% Sale 68% Mar. 31 89 68% Sale 110 111 111 400 $4.50 pref. 113% 111 114% 113% Mar. 25 113% 25 Mar. 31 457,300 Montgomery Ward 8c Co.....* 36% Sale 30% Sale 25% Sale 36% 2,000 Morrell (J) 8c Co......... 21% 24% * 27% 29 24% Mar. 31 26 24% Sale 33 25 Mar. 31 3,450 Morris 8c Essex 50 Sale 36% Sale 36% 25 36 145,700 Mother Lode Coalition.....* % Sale % Sale % Mar. 1 % Sale % 41.200 Motor Products * 15% Sale 17% Sale 10% Mar. 31 18 10% Sale 12 Sale 21,400 Motor Wheel 8 8 5 Mar. 31 Sale 10% Sale 12% 32,800 Mueller Brass Co 1 17% Sale 16% Sale 11% Sale 11% Mar. 29 17% 5 Sale 4 4 44,200 Mulllns Mfg Corp class B...1 Mar. 25 6% Sale Sale 6% 50 50 54 55 26 1,570 $7 conv preferred.........* Mar. 30 51 28% Sale 11 13% 3,400 Munslngwear 11% * 14% 9% Sale 9% Mar. 30 13% 51 Sale 50% 51 14,100 Murphy Co (G C * 34% Mar. 26 50% 38% Sale 102% 102% 1,040 98% 105 98 5% preferred...........100 98% Mar. 29 103 5 Sale 4 64,500 Murray Corp of America-. 10 6% Sale Mar. 29 4% Sale 6% 44 46 30 1,300 Myers (F E) 8c Bros 40% 50 * 40 37% Mar. 29 x43 i" ?| Mar. 21 6% Mar. 59 Sale 17,300 3,200 Mar. 17 5 45 35 100% Sale 1 1 3 62 Mar. 19 7 Mar. 6% Mar. 26 61% Mar. 30 14 1 Mar. 12 Mar. 10 165 28% Mar. 31 3% Mar. 26 17 1 Mar. 1 Mar. 3 Mar. 1 Mar. 2 Mar. 1 Mar. 3 Mar. 3 Mar, 2 Mar. 11 Mar. 31 16% Mar. 23 140% Mar. 31 16 Mar. Mar. 29 49% Mar. Mar. 30 9 2 17% Mar. 15 32% Mar. 1 42%>Mar. 5 . 97 9 3 15% Mar. 31 2% Mar. 26 1 18 50% 104 Mar. 23 106% % Mar. 26 1% 26 Mar. 31 38% 2% Mar 28 4% 14% Mar. 31 10% 7% Sale 61% 1% Mar. 29 12% Jan. 7 Mar. 31 33 61 55 Mar. 17 2 Feb. 19 15% "Mar." "2 17 Mar. 3 Mar. 29 101% Mar. 19 Mar. 29 6% Mar. 9 Mar. 26 % Mar. 1 Mar, 29 3% Mar. 7 Mar. 30 26% Mar. 1 Mar. 29 9% Mar. 2 Mar. 30 27% Mar. 2 Mar. 31 35 Mar. 1 Mar. 29 8 Mar. 1 Mar. 30 27 Mar. 1 Mar. 30 91 Mar. 4 Mar. 31 93% Mar. 2 Mar. 30 165% Mar. 4 Mar. 31 6 85 26% Mar. 30 6% Mar. 31 ~ 9"""Marr30 61 oly* A^ 37 Sale 39% Mar. 1 8% Mar. 15 22% Mar. 4 Mar. 29 Sale 7 95 106 Lowest Sale Prices 20 12% Sale 9 Highest Sale Prices ... 62 41% Sale 4% Sale 18 Sale 15 16% 37% Sale 7% Sale 18% Sale Sale 25% Sale 19% Sale 162 161% 164% 160 11% Sale 66% 53 163 104 108 Sale % Sale 26% Sale 2% 17% 18% 14% 97 103% Sale 16% Sale 13% 131 133 15% 16% 12% 49 Sale 31 18 Sale 13 17% 49% 106% 1% 38% 4% 21 21 Midland Steel Products 81% Sale 155 Sale Sale 20 Sale Sale Sale Sale Sale 77 72% 80 13% Sale 9% Sale 41% Sale 6% Sale 29% 7 Sale Sale 25 79% 11% 13 x8]4 Sale 40% Sale 29 Sale 94 20 78% 85"" 13% Sale Sale Sale "6% ~~6% ~~7% 12% Sale Sale Sale 6 100 8% Sale 3% 4 10% Sale 13% Sale 22 2 100 Sale 32% 12% 33% 1% Sale 100 Sale Sale 6 100 9 15 1 *6% Sale 12% Sale Sale 1 Corp 23 40 30% I 29 122 121% 125 Sale Sale 1% Sale 35 9 Sale 15% Sale 3% Sale 32 29 18 28% Sale 6% Sale 20 17 18% 101%---— 100 6% Sale 3% % Sale % 2 3% 4 20 26% Sale 9% 9% 6% 19% 27% Sale 23% 34% Sale 8 Sale 6% 5 Maracalbo OH Ezplor Marine Midland 17,900 137,000 22,300 1,110 6% 27% 15% Sale 1 pref ser B w warr__* —* 7,000 Melville Shoe Corp 1 26,600 Mengel Co 110 v- —* ....10 Magma Copper 30 1,610 14,800 8,100 19,600 Co, Ine Madison Square Garden....* 35,400 1,300 15,700 McGraw Electric Co, new 1 * 11,100 McGraw Hill Pub Co 110,300 Mclntyre Porcupine Mines--5 41,700 McKeesport Tin Plate.. 10 5 81,100 McKesson 8c Robbias 20 28,000 4,500 * * 18,000 May Dept Stores 21,200 Maytag Co (The) $3 preferred w 5,300 180 5,500 16,300 Sale 22% Sale 60 410 34 31% Sale 90 200 H) 23 Sale Sale Sale Sale Sale 24% ..* 150 6,300 800 (R Sale 100 5% )4 3% 24% 9% 19,700 Mathleson Alkali Works....* 18,400 • 14,400 3,800 800 6% preferred Mack Truck Inc 2,900 Marlin-Rockwell Corp. (Del.) 1 * 86,500 Marshall Field 8c Co 200,400 Martin (Glenn L) Co 1 17,500 Martin Parry Corp • 11,200 30,900 * 25 870 Market Street Ry Preferred. 290 420 30 90 * ; Mac Andrews 8c Forbes Co.. 10 Macy 16% 96 105 Loew'e Incorporated 5% 25% 14% 12 Ask .... 11$ * new Corp ill 11 fell % 45 * ...... Sale 8% 22% 11)4 Sale 5)4 5% * * $6.50 preferred Sale 35 * * Link Belt Co Liquid Carbonic 15 25 5% 15% 16% 28% Sale 36% 38% 17% Sale Lily Tulip Cup Corp Lima Locomotive Works 100 1,900 M 4.200 15",300 100 9,800 Loose-Wiles Biscuit 720 5% preferred Wm,500 550 25 Preferred * WP.600 5,900 30,900 28,600 8,800 1 LIbby McNeill 8c Llbby » Life Savers Corp .—.-5 130 15,700 120 700 1,600 14,600 50 Long Bell Lumber A 61,600 47,800 15,600 20,100 11,800 2,800 1,230 34,020 6,000 17,400 90,200 34,000 4,400 13,300 * Lolt incorporated 30 3,800 19,400 13,200 50 Liggett & Myers Tob com. .25 Lone Star Cement 9F700 8,800 13,300 100 49,900 Lorlllard (P) common 10 Preferred 100 2,880 9,700 Louisville Gas 8c Elec A * 100 16,000 Louisville 8c Nashville 40,000 Ludlum Steel..............l 5,300 1,500 31,800 54,400 5,300 6,600 Sale 14% Sale Libbey-Owens Ford Glass...* 71,000 K3.900 i preferred.... 52.700 27,900 i 220 X 5 24 8 Sale Lehn 8c Fink Products Corp.5 Lerner Stores Corp ..* . 18,600 720 4,600 jHL con? 21% Sale 7% 21 2 2% 20% 48 * 16,900 6% con? preferred 56,600 Lehman Corn (The) 9,400 7,000 30,400 7,800 2.700 2,000 8,800 1,500 1,100 12,600 7,200 10,300 48,900 1,800 29,700 19,300 13,000 3,600 M 4% 38% 7% 20% Lowest Sale Prices Mar. 31 Ask Bid 35 % 15)4 1 Kroger Grocery 8c Bak.. Bid Sale 10 ... 340 Ask * Kresge (S S) Co Kresge Dept Stores Kress (S H) 8c Co new.. 50,600 Lehigh Valley 13,300 Leblgb Valley Coal 20,700 7,000 8,100 19,600 Bid 12 1,630 Laclede Gas Light 100 3,100 5% preferred...........100 23,400 Lambert Co (The) .......* 1,000 Lane Bryant * 14,800 Lee Rubber 8c Tire.. 19,100 Lehigh Portland Cement..25 610 1,160 10,400 < * .1 8% preferred ..* $5 prior preferred........* 120 14,700 3,000 2,000 18.200 Mar. 1 1938 221,600 10,100 2,000 2,700 , „ Jan. 1 Shares RANGE SINCE JAN. 1 prices in march Price N. Y. STOCK EXCHANGE Since In 6% Jan. 25 Jan. 20 Mar. 91% Feb. 8% Mar. 31 16 6 10 61 10 7 Mar. 23 Mar. 31 Jan. 31 Mar. 26 35% Mar. 25 14 Mar. 29 5% Mar. 31 28% Mar. 31 5 82 Mar. 26 Feb. Jan. Jan. Jan. Mar. 79 15 10% 45% 26% 8% 35% 8% 17 84 6% Mar. 26 61% Mar. 30 15 Jan. Jan. Jan. 4 61 Jan. 35 Mar. 31 z48 Jan. 3% Mar. 30 5% Jan. 50 16% Mar. 29 14 23 i Mar. 19 16% 43% 11% 22% 16 Mar. 30 27% 80 Mar. 31 101% 94% Jan. 16 94% 46% Jan. 28 67 100% Mar. 31 105% 4 35 Mar. 26 Mar. 31 % Feb. 2 % Jan. 3 % Mar. 28 11 Mar. 31 1% Mar. 26 4% Mar. 29 % Mar. 30 1% Mar. 25 10 Mar. 30 10 18 11 18 15 Jan. 12 Feb. 1 Jan. 12 Jan. 10 Feb. 23 Jan. 15 Mar. 26 72 26% Mar. 30 5% Mar. 31 12% Mar. 30 12 10 29 Mar. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Mar. 12 25 19 13 11 1 13 17 11 11 12 12 16 2 Feb. 28 7% Jan. 12 60 Jan. 12 % 1% 1% 17% 3% 11% 2% 3% Jan. Jan. Jan. Jan. Jan. Jan. 10 11 Jan. Jan. 11 17 Jan. 12 12 13 12 10 8 68% Mar. 31 111 25 91% Feb. 25 Jan. 5 113% Mar. 25 Mar. 31 37% Feb. 23 Mar. 26 24% Mar. 31 2 25 Mar. 31 30% Jan. 39% Jan. 17 Mar. Mar. 1 _%Jan. Mar. 2 % Jan. 3 10% Mar. 31 3 10 Mar. Mar. Mar. 3 2 1 11% Mar. 29 4 Mar. 25 Mar. 8 26 Mar. 30 Mar. 8 Mar. 2 Mar. 8 Mar. 1 Mar. 14 8 Mar. 31 21 % Jan. 14 Jan. 21% 7% 64% 14% 9% Mar. 30 34% Mar. 26 57 98% Mar. 29 104 4 Mar. 29 7% 37% Mar. 29 47% Jan. Jan. Jan. 13 10 10" 15 13 Feb. 23 Jan. Jan. 12 12 Jan. 17 Feb. 24 c April, 1938] AGGREGATE N. Y. STOCK SALES In March Shares 78,500 1,190 13,900 8,700 51,000 600 1,200 400 1,200 21,200 53,100 360 880 800 1,840 20,000 5,200 99,000 1,500 133,600 116,300 10,200 2,700 35,000 500 40,600 48,800 400 800 420 760 8,100 23,800 88,800 2,500 4,000 67,600 171,600 24,030 4,000 32,700 1,100 300 26,200 65,900 8,100 900 100 6,300 8,800 1,200 400 3,200 150 400 10,400 14,900 8,800 1,990 4,210 420 90 3,700 1,060 110,200 1,100 106,800 1,100 4,920 8,190 Nat Cash Sale 7% preferred class A....100 7% preferred class B....100 111 Sale Sale National Dept Stores 21 Nat Gypsum Co * Nat Power A Light Nat Rye of Met 1m pref 10ft 5% 2d preferred........100 National 29 Siwi.. Nat Supply Co of Pa......10 preferred............-40 5 M% prior preferred... 100 6% prior preferred 100 $2 100 New York 100 Dock 5%_preferred 1st 50 _ 56 Central 100 Northern Pacific .....* Oliver Farm Equipment....* Omnibus Corp tic (The) -* (The) Preferred A 20,700 Pacific 1,620 700 930 2,400 24,000 7,100 8,400 760 1,050 11,600 159,800 300 3,900 1,850 2,000 2,440 1,960 2,360 4,400 56,300 18,800 18,300 1,000 2,200 1,390 1,650 100 90 Sale Sale 26 71 37 Sale 10 65 Sale 45 Sale 36 39 Sale Sale Sale 12 42% 17% 14% 21* Sale Sale 34 Sale Sale 3% Sale 112M 52% Sale 57* 2% Sale 5 Sale 1% Sale 8% .........10 First preferred 2d preferred...... ._—* Pacific Finance Corp Pacific Gas & Elec (Cal).10 Sale Sale Sale % J §1% n* 9% 3,700 116,800 31,600 15,800 11,800 45,000 36,900 31.000 6,800 47,000 9,200 29.700 6,000 6,200 Parmelee T ransport Co. Peerless Corp........... Penlck A Ford........ t ..* 70 39 28 101 105 11 38 Sale 18 Sale Sale Sale Sale 120 20% 10% 7% 12% 18% 2% 8% 103 2% Sale Sale Sale Sale 51% Sale 48 88 95 100 45 1% 2% % 4% % 192% Sale Sale 185 104 preferred......100 100 67 Sale Sale Sale Sale 50 Sale 9 Sale Sale 90 99 10% 93 Sale 29 Sale iVA Sale 22 12 Sale 24% 9% Sale Sale 94 6 Sale 127 .n 11 Sale 125 Sale 49 40 13 Sale 45 130 Sale 10 59! 93 Sale 52% 14 Sale 43 46 115 Sale' 55 9% 9 A* Sale 11% Sale" 124 Sale Sale Sale 100 4 Sale Sale 6% Sale 30% Sale 10 40 114 Sale 46 42 Sale 3% Sale 11% Sale Sale Sale 114 136% Sale 12% Sale Sale 4% 8% 51% 40 Sale 9% nl* il* Sale 89 Sale 21 10 20 2% 37 19% 2 8 11 A* 4 Sale 11% Sale Sale 9% Sale 23 Sale 32% Sale 10 89 133 Sale Sale Sale 10% Sale 3% Sale 5% 9% 6i* it* .....* Sale m t?H 63 Mar. Jan. 11 Mar. 31 28 100 Mar. Mar. Mar. Mar. Mar. 6 20 Mar. 12% Mar. 31 Mar. 24 Mar. 26 Mar. 29 Mar. 25 10 7 18 Mar. 30 Mar. 25 2 5% Mar. 26 101 Mar. 30 %~Mar. 26 56 Jan. 38 Mar. Mar. 31 85% Feb. 24 Jan. IS 42 15 Jan. 10 Jan. Jan. Jan. Feb. Jan. Mar. Feb. Jan. 12 10 12 Jan. 2% Jan. 6% Jan. 17 11 1 . 26 10 18 10 1% Jan. 10 15 10% Jan. 24 62 10 Jan. 88% Jan. 5 Jan. 4 1% Jan. 11 Jan. 13 17 12 13 10 13 13 12 Mar. Mar. Mar. Mar. Mar. 46 31 31 30 31% Mar. 22 2% Mar. 16 30 18 Mar. 22 7 94 4 11 Feb. 84% 6% 27% 1% 12% Mar. Mar. Mar. Mar. Mar. Mar. 3% Mar. Mar. Mar. Mar. Mar. Mar. 57 Mar. 2 40 10 Mar. 4 6 Mar. 5 17% Mar. 3 8 Mar. 13 Mar. 26 Mar. 37 Mar. 14 Mar. 2% 10% 3% 3 9% 2 a:22% 1 32% 7 9% Mar. 1 1 89 Sale 31% Mar. 13 1 % Mar. 20 2 Sale 3% Mar. 8% Mar. 6% Mar. 4 11% Mar. 21 Sale 4 Sale 41 Sale 55 16 Mar. 2 1 1% 37% Mar. 3 31% Mar. 2 13 Mar. 2 Mar. Mar. Mar. Mar. n* 1% Mar. 2% Mar. 10% Mar. it* 1 Mar. 2 Mar. 1 2% Mar. 1 Mar. 3 Mar. Mar. 8 Mar. 1 Mar. P 14% Mar. 19% Mar. 9 27 110 Mar. 18 Mar. 29 31% Mar. 1 Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. 23 29 30 62% May. 9 26 26 26 30 22 Mar. 3 Mar. 30 Mar. Mar. Mar. Mar. 26 25 29 26 Mar. 30 Mar. 31 Mar. 30 Mar. 31 29 31 28 1 % Mar. 29 Mar. 30 Mar. 31 Mar. 31 Mar. 29 Mar. 30 3% 8% Mar. 31 4 Mar. 26 41 Mar. 30 55 Mar. 31 1% Mar. 24 2% Mar. 30 10% Mar. 30 10 Mar. 30 14% Mar. 31 19% Mar. 28 110 Mar. 29 22% Mar. 26 3% Mar. 11% Mar. 8 9 .1% Mar. 26 5% Mar. 26 35 1 17% Mar. 26 Mar. Jan. 93% Jan. 13% Jan. 31% Jan. 3 Jan. Jan. 21 12 13 14% Jan. II 32% Feb. 21 12% Jan. 1J 96 Mar. II 2 13% Mar. 25 2% Mar. Mar. 99 7 31 31 30 136% Mar. 21 3:132% Mar. 30 10 Mar. 18 1 12% Mar. 1 3% Mar. 30 4% Mar. 7 Mar. 29 7% Mar. 25 % Mar. 25 1% Mar. 9 27% Mar. 26 50% Mar. 2 29 Mar. 31 40% Mar. 4 91 Mar. 22 90% Mar. 11 Mar. 1 10 5% Mar. 31 65 Mar. 26 85% Mar. 9 1 6% Mar. 31 10% Mar. Mar. 54% Jan. 10% Jan. 7% Jan. 24% Jan. 122 Jan. 14 12SH Mar. Jan. 6% Mar. 31 Jan. 30% Mar. 31 56 16 10 Jan. Mar. 30 Jan. 42% Jan. 26 50 Mar. Mar. Mar. Mar. 114 Mar. 2 Mar. 26 20% Mar. 31 7% Mar. 30 85 Mar. 29 4 Mar. 28 Mar. 96 Mar. 29 5% Mar. 30 92 10 13% Mar. 32% Mar. Mar. 28 Mar. 30 Mar. 30 Mar. % Mar. 18 2 Mar. 1 Mar. 15 87% Mar. 2 1 12% Mar. Mar. 30 Sale 9% 14 7% Sale 4 % Sale 18 Sale 28% 30% 62 61 18 10 Mar. 25 198 20 Sale 19% 22% 38% 26% 4% 11% 115% % 11 14 Mar. 29 106% Jan. 22 Jan. *132%Mar. 10 39 13% Mar. 3) 6% Mar. VA 19% Jan. 4 100 2 16 Mar. 1 % Mar. Sale Sale Sale Sale Sale 12 Feb. Jan. Jan. Jan. 135 Sale 1% Sale 3% Sale 70 40 100 Sale p 12 23 Feb. 25 29% Mar. 1 79% Mar. 2 75 Feb. 23 4% Jan. 14 10% Jan. 20 23% Jan. 7 1 2% Mar. 26 10% Mar. 25 3% Mar. 9% Mar. *22% Mar. 32% Mar. 9% Mar. 65 Jan. Jan. Jan. Jan. 1 6% 13% Mar. 25 21% 123% Mar. 24 128% 6% Mar. 31 10% 30% Mar. 31 45 10 14 Mar. 30 7 8% % % 62% 9 7 20 4 11 12 7 12 Mar. Mar. 25 185 Mar. 29 104% Mar. 19M Mar. Mar. 31 Mar. Mar. 29 Mar. 26 20% Mar. 31 7% Mar. 30 85 Mar. 29 10 24 Jan. Jan. Jan. 7 10 89 10 1% Mar. 31 2% Mar. 30 % Jan. 5 4% Mar. 29 Mar. 7% Feb. 29% Jan. 3 106 9% Mar. 31 . 87 Jan. Feb. 25 Mar. % Mar. 18 135 1 Mar. 48 1 4 Mar. Sale 16 40. Mar. 31 Mar. 4 90% Mar. 5% Mar. Preferred..............100 see page Feb. 2% Mar. 28 7% Mar. 31 15% Mar. 29 90 Sale Sale liH 100 27 Mar. 31 70 % Mar. 27% Mar. Prior preferred.........100 Marquette 63 Mar. 15 Mar. 25 38 40 6 11 10 31 31 Mar. 17 29 1% Sale 6% 7 19 Sale Pere Feb. Feb. Mar. Mar. 4 Sale 23 31% Mar. 29 % % 44% 14% Jan. Mar. 110% 112% 110 Sale 23 22% Mar. Peoria A Eastern........100 5 20 3 159 7 136 21 Mar. Mar Mar. 101 Mar. 30 115% Mar. % Mar. % Mar. 26 59 Mar. 56% Mar. 11 2% Mar. 1% Mar. 31 5% Mar. 2% Mar. 30 1 % Mar. % Mar. 31 7% Mar. 4% Mar. 29 4 . Mar. 25 Mar. 30 Feb. 43 Jan. 6 18% Jan. 10 31 15% Jan. 12 31 30 112% Mar. 2 Mar. 7 30 110 7% Jan. 11 29 1 5% Feb. 30 31 23% Feb. 17 1 2 Sale n w* 11 Mar. Mar. Mar. Mar. Mar. Mar. Mar. 2 29 86 1% 26 111 Jan. Mar. 25 38 Mar. 28 Sale Sale 19% 6 10% 20% 7% 83% 3% 15% Sale 5 140 Sale Sale 136 Sale Sale 6% Sale 17% Sale 7% Sale 13% 5 10 31 100 Sale , Jan. 29% Mar. 79% Mar. 23 70 it* 95% 100 7 6% 21% Sale Feb. ... 130% Feb. 13% Mar. 29 _ 65 11* Sale 21 5 % Mar. 30 % Mar. 5 58% Mar. 5 28 Mar. 31 38% 102% Mar. 21 105 6 Mar. 24 10% 9% Mar. 31 17% 20 Mar. 26 36% 10 Mar. 30 18% 7 Mar. 25 17% 12% Mar. 31 30 18 Mar. 30 25% 2 Mar. 25 4% 5% Mar. 26 11% igg 13% 30% Mar. 11 Jan. 17% Mar. 29 9% Mar. 10 22% Mar. 4 100% 101% 100 Sale 14% Sale 13% 52% 43% 45% 46 Sale Sale 6 5% 92 93% 87% 89% 84% Sale 12% Sale 6% Sale 30 29% 27% Sale 2% 2% 1% 15% 17% 21% 12% 9 45 114 \Vi Sale Mar. 29 Mar. 5 Mar. 31 Mar. 31 7 Jan. Jan. 10* 20* 150 Jan. 17 157 12% Mar. 23 17% 80 65 Mar. 31 158 22% Mar. 13^ Mar. 25 6 13 Mar. Mar. 12% Jan. 10 Feb. 18 15, 15% Mar. 31 12% 11% 106% 105% 3% 3% 17% 2% Mar. 28 7% Mar. 31 15% Mar. 29 86 10 conv Sale Sale Sale Sale Sale Sale Sale "112 Mar. 15 6% Mar. 30 7% Mar. 22 8% Mar. 30 Mar. 31 Mar. 17 x75 x75 104% Sale 19% 108 % Sale 38 14% 6% 14 Sale 95 85% 95% 108 A* . Sale Sale Sale 2% 5% 1* 5 10 '» Cement.... conv 5 31,800 Petroleum Corp 26,000 Pfelffer Brewing Go........* ..25 267,600 Phelps Dodge.. 3,300 Philadelphia Co pref t%..50 500 SO preferred............-* Sale Penn-Dixie $7 77 Sale 110 55 800 Pet Milk For footnotes Sale 71 24,100 People's Gas L A Coke 2,400 4,900 3,220 3,570 63 3 Penney (J C) Co.. ...._.* Penn Coal A Coke........10 pref series A * Penn Glass Sand Corp v tc._* ..50 272,500 Pennsylvania RR Co.. 1,700 People's Drug Stores Inc ...* 130 Sale 60 105 59 Mar. 29 63 90 7% Sale 15% Sale 17% 29% 25 % 4% 11% 115% % 5 Mar. 31 55 18 13% Mar. 29 23 % % 72 • Pathe Film Corp...........* Patino Mines A Ent Cons ..* 1 131 Sale 37% Sale 14% 15% Parke. Davis A Co.......—* Parker Rust Proof Co 2.50 Sale 23 h Mar. 4 159 Mar. 16 133 23 26 1 Sale 41 31 17% Mar. 31 15% Mar. 30 112% Mar. Mar. 30 110 29 6% Mar. 4% Mar. 30 31 22% Mar. Mar. 25 19 5 Mar. 30 7% Mar. 17% Mar. 29 23% Mar. 158 140" 9% 13% 13% 8% Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. 44% Sale 14% Sale Sale Park Utah Cons Mines Sale 70 Sale 98% Mar. 25 Sale Sale 1 Mar. 1 Mar. 4 Mar. 1 6 Mar. 25 Mar. 1 15% Mar. 31 a;20% Mar. 10 Mar. 18 152% Mar. 29 154 12% Mar. 23 15% Mar. 1 65 Mar. 31 77% Mar. 1 6% Mar. 30 7% Mar. 22 8% Mar. 30 Sale Sail* Sale Park A Tllford Highest Sale Prices 38 22% 10 84 conv Lowest Sale Prices % % 44% 14% 90 71% 3% Sale 484.000 Paramount Pictures....... 1st preferred 100 4.900 2d preferred............10 58.500 4% 11 Sale ill" 132% 130 21% Sale 13% * 25 154 12% Sale Sale 23 159 131 -• Pacific Lighting Corp Pacific Mills Highest Sale Prices 12% Sale 11% 112 103% 107% 106% 109 105% Sale 105% 6% Sale 3% 3% Sale 4% 4% 3% 3% a3% 21% Sale 17% Sale 17% 19 20 20 13 14 Sale Sale Sale «% Sale 6% Sale 15% Sale 152 90 700 16,300 10,800 84.400 1,700 Sale Ask 154 15% Sale 77% Sale 152 preferred......100 100 10 10,700 Amer Fisheries Inc..5 2.160 Pacific Teleph A Telegr_.10« 6% preferred .........100 1,190 10 17,000 Pacific Western Oil 339,100 Packard Motor Car........ 1,600 Pan Amer Pet A Trans .....5 7,200 tPanhund Prod A Kef.... 8% conv preferred......100 3,400 6,100 Paraffine Co Inc...........* 70 169,300 2,100 23,900 2,500 37,700 13,400 6,400 4,700 19,400 15,300 12,500 1,700 20,200 4,900 15,900 1,900 3,000 111,300 1,400 Owens-Illinois Glass Co. 12.50 "'4 14% 12% Sale 8% Sale 19% Sale 44 . 100 Pacific Coast 22 Sale 22 ... Preferred 10,800 11 5% ... 84,706 l\* ill* 100 6% preferred 29.400 3% 8% 100 101.500 Otis Steel $5.50 conv 1st pref 2,300 5,100 Outboard Marine & Mfg....5 110 Outlet Co 70 98 preferred........ Ohio Oil Co 11* ___.___i?00 ... 7% 136 19 17% 7% Sale % ;; % % a 58% Sale 18% Sale 20 N Y City Omnibus Corp... 5,000 Oppenhelm Collins A Co. 52,600 Otis Elevator 890 Sale 158% 7% preferred A.........100 6% preferred B.........100 Nat Mall & St Cast's Co Sale 13 Sale 1 10 National Lead 720 Northwestern Telegraph..50 * 8,200 Norwalk Tire A Rubber Preferred 60 300 430 Sale Nat Rnamel Or Stamp 250 Northern 540 5 6% preferred............10 Nat Distillers Products.....* . 350 42 Sale * Nat Dairy Prod Corp ... 283,000 16 * Register— 2,800 tNorfoIk Southern.......100 100 7,500 Norfolk A Western.. Preferred 100 1,490 328,300 North American.. 6% preferred 50 6,800 207,100 North American Aviation...1 2,400 North Amer Edison $6 pref..* 59,700 16,200 3,400 78 100 31,700 tN Y N H A Hartford Convertible preferred-.100 39,900 15,800 tN Y Ontario A Western.100 87,700 N Y Shipbuilding pt stock.. 1 7% preferred .-..100 2,160 170 New York Steam pref |6.___* 173,100 162,900 42,200 800 Bong & Investment Co.* 5% pref series A w w 100 Nat Bond & Share Corp....* 7% preferred Nat JN Y Investors Inc.. .* 320 N Y Lack & West Ry Co..l00 190 33,500 10ft 160 920 New York Be Harlem 240 2,800 18,000 Sale 18,500 5,000 67,300 10 ......10 Sale National Biscuit .... 100 117,100 National Aviation Corp 170 JNew Or' Tes & Mexico 40 "lJOO Sale 280,900 Newport Industries Inc... 12,700 New York Air Brake 912,200 New York Central... 27,600 N. Y. Chicago A St LouIs.lOft 6% pref series A l(j(0 51,500 30,300 14% 1 Lowest Sale Prices Mar. 31 Aslc Bid Bid Sale 5 ........ 60 13,800 90,100 2,600 20,100 Ask 100 National Aetna ....... 500 5,900 Nuh'KelTlMtor Corp Nash Chatt & St Louis 16,700 National Tea Co.. 37,700 Natomas Co.. 3,100 Nelsner Bros Inc.___.__— 1,300 4%% conv serial pref...100 4,300 Newberry Co (J 1)........ 600 5% preferred series A...100 120 64,400 4,300 358,100 Mar. 1 1938 Par 191,300 2,390 35,800 24,600 124,800 2,900 6,300 1,300 2,500 45,600 120,500 1 Price Van. 3 Jan. 1 Shares RANGE SINCE JAN. PRICES IN MARCH STOCKS h. y. stock exchange Since- 37 EXCHANGE-STOCKS 66% Jan. 11% Jan. Jan. Feb. 8% Jan. 14% Jan. 28% Jan. 40 Jan. 16% Jan. 116 Jan. 140 Jan. 15% Jan. 5% Jan. 9% Feb. Jan. 55% Jan. 42 Jan. 94 Feb. 12% Jan. 97% Jan. 12% Jan. 24 Jan. 3% Jan. 37% Mar. 20% Feb. 2% Jan. 6% Jan. 12% Jan. ,5% Jan. %V& Feb. 73% Feb. 2% Jan. 5 Jan. 24% Jan. 15% Jan. 24% Jan. 31 Feb. 112% Feb. 34% Jan. it* 1 1 1] 1 li 1! 12 17 1 1 2 1 1 1 1 3 2 1 1 2 1 3 1 1 1 1 2 1 I 2 1 1 1 2 2 1 1 1 1 1 1 4% Jan. 12 15 Jan. 37% Jan. 38% Jan. 12 31% Mar. 15 15 8% Mar. 29 7% Mar. 30 4% Jan. 3 17% Mar. 31 11 15 Jan. 6 13% Jan. 11 7% Mar. 3 31% Jan. 10 30 37% Jan. 12 Jan. 5 11% 7% 27% 36% 64 1 Mar. 18 Mar. 2 Mar. 3 Mar. 11 Mar. 15 Mar. 2 Mar. 23 Mar. 28 62% Mar. 9 15 65 38 aggregate sales March 1 Par 1,360 tPhlla Rapid Transit Go...SO 2,070 7% preferred ...-50 19,400 Phtla A Reading C Ac I * 108,500 Philip Morris A Co 10 1,000 Phillips Jones Corp....... * 8,100 31,800 700 20 20 120 190 10,200 8,100 1,000 6,300 2,700 250 2,900 1,700 900 Preferred ...... Pirelli Co of Italy 1 ...10» Pierce Oil 8% conv pref Ptlsbury Flour Mill* 100 .25 Am shs Pittsburgh Coal (of Pa)... 100 2,700 3,900 140 715 6% preferred .......100 Pitts Coke & Iron Corp * * $5 conv preferred 30 Pitts Ft W & Chic Ry •""""40 990 250 7% pref class B i«t 5% preferred class A ..100 5%% 1st ser cony pr pf.100 .. 400 360 20 10 Bid 1 % 3% 51 38 2% 28 6 20 % 36 3% 26 5% 47 173 H 7% 10 % 180 10 .30 „ ? 11,600 4,800 1,000 10,800 43,700 8,900 620 28,400 1,700 1,400 500 380 6% 34 % Sale 49 >4 48 35. 7 Sale 28% 4% 22% 47% 6% 1 .30 1 8 17 A Sale 9 9% Sale 136 Sale Mar. 31 2 30% Jan. 20% Jan. 3 Jan. 8 3% Mar. 31 Mar. 23 3% Mar. 30 30 25 Mar. 30 61 2 25 41 Mar. 6% Mar. 40 3% Mar. 31 9 1 Mar, Mar. 23 3% Mar. 30 6% % Sale^ 15 7 19% 10% 11 10% Sale 2» f* 9^ Sale s; Mar. 30 5 Mar .14 Mar. 31 Mar. 23 30 ,0% % Mar. 26 10 Mar. 11 1 Mar. 25 52 Mar. 25 6 Mar. 29 5% 1% % 1% 4% 9 25 75 Sale Sale Sale 8% Sale Sale % Sale Sale Sale Sale Sale 7% Mar. 29 % Mar. 31 5% 9% 28% 14% 48% Sale 39% 119 Sale 118% Sale 25 31 Sale 25% Sale 86% 94% Sale 86% Sale 99 105 Sale 103% 103 110 119 117% Sale 115% 132 132 135 135% Sale 10 2 Mar. Mar. Mar. 35 Mar. 15 8% 24% 50% 7% Jan. Jan. Mar. Jan. 171% Jan. 5 Mar. 30 7% Mar. 29 10 12 10 17 17 7% Feb. 26 35 Jan. 1 Jan. 25 Mar. 14 Mar. 8% Jan. 16% J an. 10 12 Jan. 10 4 12 Mar. 31 26% Jan. 10 30 Mar. 23 45 % Mar. 26 10 Feb. 25 1 Mar. 25 1 6 13 8 5 Mar. 11 2 Mar. 46 12 52 13% Mar. 2 % Mar. 14 6 Mar. 25 Mar. 29 2 15 % Mar. 31 Mar. 31 20 8 1 Mar. 5 Mar. 4 3% Mar. 10 8 Mar. 28 11 29 26 12 Mar ; 29 26 24 30 25 9% 25 8% 30 25 31 49% 1 120% 25 31% 31 94% 26 105% 24 117% Mar. Mar. Mar. Mar. Mar. 1 7 Mar. 5% Mar. 1% Mar. % Feb. 1% Mar. 4% Mar. 4 % Mar. 13% Mar. 39% Mar. 2 Mar. 9 Mar. 17 Mar. 1 Mar. 1 Mar. 5 Mar. 1 117 8 30 25 25 30 31 Jan. Jan. Jan. 2% Jan. 24 55 10% 10% 2% % Mar. 23 18 9 10 18 Mar. 23 20 Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. 7 Feb. Feb. Mar. Jan. Mar. 1 Mar. 29 % Mar. Mar. 28 5% 1% % 1% 4% 4% 13% 39% 118% Mar. 95% 6% 50% 42% 2% 22 19% Mar. Mar. 31 15 8 2% Feb. 19 4% Jan. 12 Mar. 30 61 Feb. 2 166 26 174 41 1 12 Sale 18 Mar. 29 4 23% Mar. 7 50% Mar. 10 6% Mar. 8 46% Mar. 30 18 1% 35 2 1% 9 27% Mar. 31 1 30 8 13% . Mar. Mar. 48 7% Mar. 2 12% Mar. 1 35% Mqr. 15 % • 18 13% 95% Sale 107% Sale 123% 130 75% Mar. 29 4% Mar. 30 Mar. 15 Mar. 29 12 14 Sale Mar. 22 Sale 20 1% 1254 Sale 7 Mar. 31 39 88 Sale Sale 35 Mar. 29 20% v* 55 45 % 3 4 Sale 26% 95 25 9 Mar. 31 Sale 5 39 8 118 % 32 Mar. 27% Mar. 31 21 8% 20% Sale 19% 3% Sale 8 A Sale 8% Sale 48 33 Sale 24% 4 43% 38% Sale" 12% 34 Sale 2H 4% Mar. 30 36 Sale 3% 20% 3% Sale 75% Mar. 29 Highest Highest 1 % Mar. 25 2% Mar. 26 % Mar. 26 1% Mar. 11 3% Mar. 10 % Mar. 5 94% Mar. 1 5% Mar. 2 50% Mar. 9 39% Mar. 2 2% Mar. 18 2 49% Sale 1% Mar. 25 2% Mar. 26 % Mar. 26 —II 172"*" 173""Mar." 17 174 47 1% Lowest Sale Prices 163 26 12 Highest Sale Prices Sale 21 35 6 % 61 Sale V. Lowest Sale 2 23% Sale 7% 30 21 30 1% Sale 59 32 34 c% 6 27% ::::: sale Sale Sale Sale 4 60 United 22,800 5% cony 1st pref.... ..5 9,200 5% cony 2d pref.........50 • 55,700 Procter 8c Gamble Preferred 8% 2,650 ..!•» 62,900 Pub Ser Corp of N J common * 15 preferred 5,500 * 6% preferred. 'nr 3,500 1,500 7% preferred........... 100 8% preferred.... 10< 1,070 3,600 22,600 46 2 3% Sale 4 65 57 38% 2% Sale Sale % 76 6 101 25 6% preferred 6,470 Plttsb 8c West Virginia.. 10i> 2,200 Plttston Co (The)...—...—* 51,000 Plymouth OH... .0 2,000 Pond Creek Pocahontas Co.* * 28,800 Poor A Co class B 7,600 Porto Rlcan Am Tob cl A...* Class B * 2,500 19,500 tPostal Teleg 8c Cable pref 100 96,800 Pressed Steel Car common..1 2,510 1,000 23,800 3 35 2 Sale 5 Cony pref (unstamped). 100 22,900 Pittsburgh 6,400 68 Sale 1% 2% 4% % % 93 8 33% Sale 1,100 Pittsburgh Terminal Coal—1 500 Sale 5% Ask Ask Bid 1% 3% 2 3% % Sale 82 '' Bid Sale Prices Mar. 31 Mar. 1 Ask 100 100 Preferred ..100 55,600 Pittsburgh Screw Or Bolt.v.* 17,600 Pittsburgh Steel Co.... * 22,700 4,600 n ...100 700 Phoenix Hosiery........ 6,000 ' Preferred 203,800 Phillips Petroleum.........* 66,400 700 3 1938 Shares 970 „ Jan Jan. 1 Share* 340 RANGE SINCE JAN. Price N. Y. STOCK EXCHANGE Since | PRICES IN MARCH STOCKS _ In ; EXCHANGE-STOCKS N. Y. STOCK 55 3% 1% 4% 10% 10% 11 Mar. 24 16% Jin. % Jan. 10 19 Mar. 2 Jan. 5 Jan. 15 Jan. Jan. 13 22 Jan. 17 Jan. Jan. 10 15 31% Jan. 17 50% Jan. 11 Jan. 21 120% Mar. 17 Mar. 25 35% Jan. 13 25 86% Mar. 31 103 98% Jan. Mar. 26 108 12 Jan. 6 115%'Mar. 25 123% Jan. 13 14 , Mar. 29 137 Mar. 7 132 Mar. 29 143 Jan. Mar. 10 113 Mar. 10 M2 Jan. Mar. 10 Public Service El A Gas— $5 preferred 1,000 * 110,800 Pullman Company.. * * 363,000 Pure Oil 4,900 6% preferred............. * 60,800 Purity Bakeries 3,000 Quaker State Oil Rfg Corp. 10 665,600 Kadlo Corp of Amer.......• 300 $5 preferred B --* 83.50 conv 1st pref 56,800 ..* 259,300 IRadlo-Keith-Orph Corp...* • 8,000 Raybestos-Manhattan... 11,100 Rayonler Inc... ...1 82 preferred.............25 4,200 10,500 Reading Company........50 First preferred 50 2,700 Second preferred.......50 1,900 5 5,100 Real Silk Hosiery...... Preferred 100 1,540 * 3,900 Rels (Robt) Ac Co.... 1st preferred 100 1,300 9,700 Reliable Stores Corp * 2,300 Reliance Mfg Co......—-10 .......1 90,100 Rem'ton-Kand Pref with warrants ...25 1,100 650 Renss A Saratoga RR Co.100 100 ......... 39,400 134,100 2,300 Iff, 900 1,200 ...... 321,800 23",500 98,800 4,300 2,600 1,800 4,200 1,000 ... 600 2,600 340 . ?: v ... 2,100 300 6,500 500 38,600 ..... 400 340 1,100 1,000 16,100 7% Sale 15 6 60 11,600 40,800 210 46% Sale 4 19% 23 v 'ecere Coopc A Brass..... 5 Class A ...... ...10 7% preferred...........100 3,500 Ritter Dental Mfg........_.* 21,200 Roan Ant Cop Mines new 23,500 Ruberoid Co cap stock new.* 1,500 Rutland RR. pref........100 .....10 90,200 St Joseph Lead.. 15,300 (St Louis-San Francisco.100 6% preferred...........100 21,800 600 JSt Louis Southwestern ..100 42",900 230 470 1,030 1,190 2,580 13,400 83,900 7,300 100,600 4,100 4,900 13,100 7,600 30,000 1,300 84,200 46,800 6,700 700 15,900 1,200 16,600 55,000 12,300 75,900 2,800 206,000 115,600 16,400 2,700 30,300 3,400 38,900 Sale 19 Sale 25 30% 24 30 3% 30 ; v 1,270 7 9 7% 10% 10% 11% 12% Sale 60 72 62 70 2% Sale 16% Sale 52 3% 21 Sale 15% Sale 9 20 2 30% 1 2% 5% 18 88 i (Seaboard Air Line........* .....100 4-2% preferred Seaboard OH Co of Del.....* Seagrave Corp (The)..—..* Sears, Roebuck A Co * Servel Inc ....1 Sharon 85 Steel Corp.—.... cony * preferred.........* * Conv pref series A.......* Sharp A Dohme ... Shattuck (Frank Gi.... ...* * .... 830 7% $6 preferred Smith (A O) Corp * ..10 8,100 7,500 Smith 8c Corona Typewr....* ........* 9,300 Snider Packing.. 444,200 Socony Vacuum OH Co Inc-15 100 93 Sale 18 Sale 24 Sale 74 75 % Sale 5% 6% 37% Sale % Sale 2% 2% 20% Sale 3% 3% 54% Sale 13 16 Sale 17 57% 60% 4% Sale 44% Sale 7% Sale 23% 25 16% Sale 97 Sale 6% Sale 18% Sale 3 Sale 16% Sale m Sale 1 90% 28 87 75 I Sale 97 * 100 18% Sale 11% Sale 11 Sale 14% Sale Sale Sale Sale Sale 7 10 3% Mar. Mar. 29 10% Jan. 24 Mar. 31 16% Jan. 7% Jan. 14 11 61 Jan. 24 53 Feb. 25 4% Mar. 31 31 31 30 31 1 60% 37% 2% 17% Jan. Mar. Mar. Mar. Mar. 29 Mar. 30 1 21 Mar. Mar. 29 16 Mar. 1 10 Mar. 30 10 18 7 "37% Mar."31 "52"'Mar." I 2% Mar. 30 17% Mar. 31 17 13% Jan. 11 98% Jan. 12 100 37% 2% 17% 4% Mar. 31 36% Jan. 25 Mar. 4 18 5% Jan. 23% Jan. 24% Jan. 29% Jan. 11 15 11 18 18% Sale 12% Sale 12% Mar. 31 20 Mar. 2 12% Mar. 31 22 Jan. 13 18 Sale 18 Mar. 22 28 Mar. 5 18 25 15 3 30 16 Mar. 29 24 Mar. 5 16 3% 35% 1% 7% Mar. 4 Mar. 1 Mar. 15 Mar. 16 30% Jan. 27% Jan. 4% Jan. 15 25 10 41 21 19% 3% 34% % M 4% 5 5% Sale 8 10% 18 3% 4 35% Sale 1 1% 7 14% 8% Sale 11% Sale 15% Sale 65 67% 58% 63 10 Sale 40 60 57 Mar. 26 64 30 45 46 Mar. 24 58% Mar. Sale Sale 64 1% Sale 11% Sale 40 46% 1 % Mar. 30 2% Mar. 18% Mar. 8 Sale 40 60 8% 57 7%. 6% 10% 18% 20% 2% 36% 1% 2% 4% 8% Sale 12 18% Sale 3 Sale Sale Sale 5 . 18 Sale 6 19 75% Sale 87% Sale 101% Sale 16 17% 25% Sale 84 Sale % Sale 5% 7 39% Sale 15% 75 3% Sale 4% 63 Sale 15% 17 Sale 17% 58 Sale Sale 45 46% 8% Sale 25 26% 15% Sale 4% 100 102 7% Sale 21 2% 18% 29 Sale 3 19% Sale 92 94% 64% Sale 97 98 16% 19% 13 15 11% 12 15% Sale % Mar. 29 5% Mar. 23 5% Mar. 30 10 Mar. 18 9% Mar. 30 11% 39% 58% 7% Mar. Mar. Mar. Mar. 17% Mar. 75 Mar. 31 29 18 30 30 28 9 % Mar. 29 5% Mar. 23 5% Mar. 30 Mar. 4 11% Mar. 15% Mar. 1 1 10 Mar. 24 57 46 Mar. Mar. Mar. Mar. Mar. Mar. 17% Mar. 14% Mar. 2 24% Mar. 17 81% Mar. 7 75 10% Mar. 30 16% Mar. 2 86 8 Mar. 10 Mar. 2 40 Mar. 1 Mar. 14 57 Mar. 10 Sale 5 34% 53 Sale 55 7h 5 « 8% Sale 7 13% 8% 15% Sale 13 55 7% Mar. 2 5 Mar. 25 8 Mar. 30 14% Mar. 30 Mar. 31 13 Sale 1% Mar. 31 25% Sale 25% Mar. 31 % Mar. 23 1% Mar. 25 1% 1% Sale Sale 2 Sale 6 7% 6% 10% 18% 20% 2% Mar. 2 Mar. 1 Mar. 3 Mar. 2 Mar. 1 Mar. 10 38% Mar. 4 1% Mar. 1 2% Mar. 4 30 31 29 18 30 30 Jan. 1% Jan. 3 11 Jan. 10 9% 11% 15% 67% 66% Jan. 10 Jan. 12 Feb. 25 Feb. 24 Jan. 22 3 Jan. 20% Jan. 10 75% Jan. 15 15 73 13 Jan. 17% Jan. 8 37 Jan. 85 Jan. 8 21 24 30 18 30 30 64% Jan. 17% Jan. 87% Jan. 10% Jan. 21 7 21 11 31 58% 8% 7% 11% 20% 23% 2% 40% 1% Mar. 28 62% Feb. 10% Mar. 84% Feb. 4% Mar. 33% Mar. 51% Jan. 6% Feb. 62% 85% Mar. 26 4% Mar. 30 33% Mar. 30 3 Mar. 26 Mar. 24 1% 11% 39% 58% 7% Mar. 16 Sale Feb. 9% Mar. 30 4 100 11 5 3 Mar. 25 8 Mar. 30 14% Mar. 30 13 Mar. 31 1% Mar. 31 25% Mar. 31 46% Jan. 8 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 11 7 10 10 19 11 10 12 12 Jan. 10 18 % 2 Mar. 26 4% Mar. 14 19 Mar. 1 75% Mar. 87% Mar. 26 101 % Mar. 16 Mar. 29 25 26% Mar. Mar. 31 84 % Mar. 2 30 5% Mar. 28 39% Mar. 1 1 1 4 % Mar. 2% Mar. 1 9 Sale 12 58 Mar. 30 58 68 Sale 68 Mar. 24 79 9 18 Sale Sale Sale 79 Mar. 8% 16% 70% % Mar. Mar. Mar. Mar. 12% Sale 71 Sale % Sale 3% Sale 35% Sale % Sale 2%' Sale 25 Sale 19 2% Mar. 25 34% Mar. 29 Mar. 22 Mar. 29 2% Mar. 25 34% Mar. 29 1 1 61 63 55 10 Sale 9% 18% 21% 2% Sale 1% Sale Mar. 31 55 81% 56 Mar. 29 12 113 21% Mar. 29 8% Mar. 31 83% Mar. 31 Mar. 1 Mar. 1 Mar. 1 Mar. 1 Mar. 10 Mar. 1 30 24 63 7 12 33% 12% 95% 9% 14% 6% 21 50 6% 4% 21% Mar. 29 8% Mar. 31 83% Mar. 31 26 90 15% Sale 18% 7 12 Sale Sale Sale Sale Sale 22% 8% 83% 27 24 81% 100 7 7% 43% Sale 8% 113 113 25 20 31 20% Sale 72% Sale 6% preferred....... Sale 14% Sale 33% 84 62 % 82 % 16% Sale 85% 90% 8 8% 39% Sale 12% Sale 25 81 60 100 7% preferred .—100 Savage Arms Corp..........* Schenley Distillers Corp....5 5% % preferred 100 tSchulte Retail Stores 1 8% prefer red.........-100 Scott Paper—.............* —* 5% preferred...........100 * 58,100 Shell Union OH Convertible prefer red.. 100 8,100 45,200 Silver King Coalition.......5 71,600 Simmons Co 10 13,700 Simms Petroleum 4,300 Simonda Saw A Steel Co....* 25 33,400 Sltelly OH Co 6% preferred .100 1,700 3,880 Sloss-Sheffleld Steel A Ir.100 200 3,700 1,300 2,700 177,800 4% 39 1% Sale SafewayStores 550 Sheaffer (W A) Pen Co 260 28,500 2,600 15,500 29,600 4,300 1,400 13,500 1,300 Sale 100 Sale 62 20,066 I! 20% 26 8 920 Sale 61 70 conv prior ..5 500 Rhine Westphalia El & Pow._ * 122,600 Richfield Oil Corp 100 4,400 71 : Sale Sale Sale 15% Sale 60 ...... ... 170 5%% preferred..—....100 20,700 Reynolds Metals Co........* 900 5)4% conv. pref........100 37,500 Reynolds Spring Co—.....1 129,300 Reynolds (KJ)Tob cl B-.-.-10 Common 10 1,170 200 42,300 2,300 24,300 2,400 Sale 11% 95% 9% 14% 6% pref ser A 100 6% 880 "8",500 1,160 16 Sale 75 4,600 55,600 1 2,800 [ 800 280 Sale Sale 33 65 320 900 11 94 111% 113 102,000 ..._..* 646,500 Republic Steel Corp 6% cony preferred—...100 3,900 200,400 32,700 7,400 13,300 113% 29% Sale 2% 17% 57% Reo Motor Car '47,700 49,400 1,500 6,000 6,100 .... ... 112 % Sale 1% Sale Sale Sale 1% 15% 3% 47% 9% 10% 45% 3% Sale Sale Sale Sale 40 Sale Mar. 29 3 Mar. 34% Mar. % Mar. 29 1% Mar. 29 15% Mar. 29 3% Mar. 29 47 Mar. 31 9% Mar. 30 10 Mar. 26 45% Mar. 31 3 Mar. 30 39 Mar. 30 2 1 1 7 1 26 Mar. 3% 64% 15% 16% Mar. 25 Mar. 1 Mar. 1 Mar . 11 58 Mar. 1 4% Mar. 1 45 3 5% Jan. 26 12 58 68 79 Mar. 26 Mar. 30 8% 16% 70% % 3 23% Jan. 12 Mar. 29 ; 81 Jan. 20 Mar. 24 93 Jan. 18 Mar. 26 105 19 Feb. Jan. 11 4 27% Jan. 0 Mar. 29 Mar. 25 Mar. 31 Feb. 10 Mar. 30 Feb. 23 Jan. 4 85 1 34% Mar. 28 7% Jan. |11 42 Jan. ,24 % Jan. 6 1% Mar. 29 15% Mar. 29 2% Jan. 13 27% Feb. 25 3% Mar. 29 47 Mar. 31 9% Mar. 30 10 Mar. 26 45% Mar. 31 3 Mar. 30 39Mar. 30 Mar. 3 Mar. Mar. Mar. Mar, 3 3 1 7 6% Mar. 12 21% Mar. 29 10 93 Mar. 20 Mar. 30 Mar. 7 Mar. Mar. Mar. Mar. Mar. Mar. 30 Mar. 28 % Jan. 5% Jan. 66 Jan. 14 Feb. Jan. Jan. Jan. Jan. Jan. Jan. 10 14 17 27 11 27 11 11 17 Jan. 13 34% Jan. 10 9% 27% 18% 101% 9% 24% 3% 93 Sale 93 5 Sale 4% 12% 2% 14% Mar. 31 Mar. 30 29 Mar. 1 4% 12% 2% 14% 18% 94 85 Mar. 30 93 Mar. 7 85 Sale 96 45 Mar. 28 64% Mar. 1 45 93% Mar. 11 13% Mar. 25 98 4 17% Mar. 2 10 15 Mar. 2 8% Mar. 29 111% Mar. 10% Mar. 31 115% Mar. 3 1 93% Mar. 11 100 13% Mar. 25 20% 10 Mar. 31 15% 8% Mar. 29 13% 10% Mar. 31 16% 13% Sale 2% 15 2% Sale 18% Sale 84 45 90 12% 10 15 Sale 8% Sale 10% Sale Mar. 11 Mar. 30 18% Mar. 31 Mar. 31 21% Mar. 1 2% Mar. 14 18% Mar, 2 Mar. 31 30 11 30 31 14 5% Jan. 48 6% Mar. 12 21% Mar. 29 8 3 65% Feb. 25 16% Jan. 12 20% Jan. 11 6% Sale 20% 25 10% Sale 10 8% 26% Mar. 20 15% Mar. 30 101% 1 % Mar. 23 1% Mar. 25 2 . 22 Jan. Feb. 1 82% Jan. 12 Jan. 13 93 Jan. 10 Jan. 15 Jan. 15 Jan. 10 Solvay Am Corp— 500 38,500 7,500 70 1,200 86,100 14,800 2,120 5%% preferred— So Porto Rico Sug 8 % preferred For footnotes see page 40. ...100 South Amer Gold Ac Plat____l .. . 110 114 2% Sale * 22 -.100 128 ...... Sale 131 111 113 112% 114 2% Sale 1% Sale 18 19 25% 25% 134 Sale 132% 142 111% Mar. 30 113 1 % Mar. 29 2% 16% Mar. 26 25% 132% Mar. 11 140% Mar. 11 Mar. 2 Mar. 13 Mar. 26 111% Mar. 30 113% Feb. 1 % Mar. 29 3% Jan. Jan. 16% Mar. 26 28 128 Jan. 4 140% Mar. 28 13 10 26 Y. STOCK N. April, 1938] AGOREOATE SALES Since March Share* 16,800 211,800 88,200 45,300 39,900 499,000 216,900 97,400 1,100 2,600 1,160 65,000 3,600 500 1,200 900 25,600 1,700 Par Sou California 3 1938 lioo 18% 11% 18% Sale Sale Sale .100 22 27 3% Sale .10 ._.* Southern Railway "2", 300 101,100 2,200 401,700 4,900 2,400 179,200 5,180 33,200 233,600 8,100 22,400 73,800 116,700 11,300 45,400 530 68,400 1,220 10,400 100,600 3,800 10,300 25,800 43,800 5,000 17,700 5% preferred certlfs A Ohio *00 1st preferred Sparks Wlthlntfton—... Spear A Co 1,000 156,900 138,500 1,500 341,700 4,600 18,400 42,200 10,100 180,200 163,700 12,300 1,110 96,400 500 66,800 63,800 1,200 118,400 1,100 9,000 16,800 3,300 47,300 64,100 3,200 39,600 11,500 50,800 8,900 3,300 300 90 120 2,500 2,600 10,000 13,700 1,700 44,200 2,500 19,100 17,200 59,000 21,800 3,900 46,500 800 4,200 13,600 56,800 -219,100 54,700 39,300 8,600 9,400 501,000 125,400 1,500 8,900 1,600 6,°00 19,600 97,900 23,900 16,200 4,100 4,700 176,000 46,600 800 4,300 30 100 7,400 27,400 6,100 365,200 48,100 39,300 23,700 790 49,040 9,800 25,200 205,900 4,000 14,900 900 169,800 19,900 24,300 6,900 260 120 100 14,300 6,500 15,500 300 24,700 33,400 603,100 166,900 16,600 1,500 * Standard Investing Corp...* Stand Oil of Calif Standard OH Co of Ind—25 10 Standard Oil of Kansas Standard Oil ef N J....—.25 Starrett Co (TheL S) Sterling Products Inc.. ..10 Stewart Warner Corp......5 Stokely Bros A Studebaker 1 Co Inc —* Sun Oil Corp.. ........1 * 23% Sale 13% Sale Sale Sale Sale. 19% 15% 7% 26% 6% 21% Sale Sale 29 Sale 51 Sale Sale 6% Sale 97% Sale 20 12% 31 8 22% Sale Sale Sale 14% Sale 17% 21 8% 10% 16% 23% 8% 6% 6% 41 12% Sale 2 2 Sale Sale 8% Sale 4% Sale Sale 10% Sale 13% Sale 18 % 1 32% Sale 33% Sale 30 34% 52% Sale % 25% 24% 28 40% 1% Sale Sale 34 Sale Sale 16 18 58% Sale 50 Sale Sale Sale Sale 25 9% Sale !* A* 8% Sale 5% Sale 50 Sale l24 124% 13% Sale 27 2% Sale Sale 14 15 22% 23% 8 9 17% Sale 25 25% Sale Sale 7 8% Sale 6% Sale 6% 7% 41 42% 6% 5% 5% 3% 45% l21 % 9% 17% 1% 8% " 4 5 Sale Sale 41 Sale Sale Sale Sale Sale Sale 6% Sale Sale Sale 1 7 29 32% Mar. 3 "~I% "2" Mar. 30 6% Mar. 31 Mar. 26 51 12% Mar. 31 6% Mar. 31 94 Mar. 18 1% Mar. 30 Mar. 31 2 4% Mar. 30 10% Mar. 30 13 Mar. 29 % Mar. 29 25% Mar. 31 24% Mar. 30 Mar. 25 34 15 5 Sale Sale 88 Sale 3% Sale 4 9 5% Mar. 14 IP Jan. 6% Mar. 51% Jan. H" Feb. 12% Mar, 21J Jan. Mar. 9 107 1% Mar. 3 Jan. 17 10 5 10 26 11 10 5 10 Mar. 5 Jan. 12 Jan. 12 14 12 p5% Jan. Mar. 7% Mar. 29 Mar. x39 6% Mar. 94 2 4% Mar. 10% Mar. 1 % Feb. 25% Mar. 24% Mar. 34 1 1 33% 35% 35% 54% 39% Mar. 17% Mar. 49 6% 5% 5% 3% 45 Jan. Mar. 4 Mar. 14 Mar. Mar. Mar. Mar. I* 1 1 4 Mar. 29 5 Mar. 31 35 Mar. 29 41 4% 3% 32% 2% Mar. Mar. Mar. Mar. 31 30 30 29 43 26 Mar. 30 3 Mar. 30 8 Mar. 10 Mar. 18 ss 26 Mar. 30 Mar. 30 Mar. 31 Mar. 31 Mar. 30 9% Mar. 10% Mar. 24% Mar. 2 Mar. 30 24 Mar. 3 Mar. 28 Mar. 21 2% Mar. 31 30 28 28 30 29 31% Mar. 30 8 4 Mar. 30 1 1 54% Mar. 29 3% Mar. 2 Mar. 8 4% Mar. b 15 Mar. 24 15 Mar. 30 Mar. 30 Mar. 29 54M Mar. 29 1 52 50 i §* IX Mar. 16 1 Mar. 28 Jan. 21 Mar. 31 Mar. 24 Mar. 31 Mar. 7 12% Mar. 5 Mar. 2 Mar. 4 Mar. 1 82% Mar. 5 2 78 4 31% Mar. 30 i2o^ 15 12 Mar. 43 Mar. Mar. 10* 3% Mar. 30 8% Mar. 28 Mar. 28 Mar. 30 10 H Mar. 29 8 1 8 4 Mar. 30 Mar. 30 6 Mar. 1 7 Mar. 5 2% Mar. 30 81% Mar. 18 3% Mar. 28 3 Mar. 1 82 5 Mar. 14 Mar. 4 8 Mar. 14 5 Mar. 31 Mar. 29 4 Mar. 31 6% Mar. 31 5 Feb. 16 Mar. 31 Mar. 30 Mar. 30 Mar. 30 2% Mar. 30 80 Feb. Jan. 24 13 Jan. 13 Jan. 11 lo Jan. Jan. 10 10 Jan. 12 10% Jan. 8% Jan. 11 11 9 Mar. Mar. 13 12 12 Mar. 10 27 1 1 Jan. 24% Feb. 25 Mar. 31 2 Mar. 4 12 Jan. Mar. 4% 3% 32% 2% Mar. 13 7 35 15 Jan. 14% 29% 3% 17% 4% Mar. 30 4 Mar. 29 5 15 24 Jan. 22% Mar. 8% Mar. 7% Mar. 7 Mar. Feb. g?8 7% Mar. 3 Feb. Mar. 125 .17% Mar. Mar. Jan. 11% Jan. Mar. Mar. Mar. Mar. 15 Jan. Jan. \\» Mar. 1 13 12 7 Jan. 59% Mar. Mar. Jan. Feb. 26 119% Feb. 9% 17% 1% 8% Jan. 22% Jan. 26% Jan. Mar. Mar. Jan. 8 3% Mar. 28 5% Mar. 31 Jan. 7 Jan. 47 Jan. 18 10 5% Feb. 18 Jan. 11 44% Jan. 11 8 4% Jan. 10 Jan. 10 34 Feb. 21 10 Feb. 10 11 Mar. 1 24 24 Feb. 23 58% Feb. 21 4% Jan. 17 56 Jan. 13 4% Jan. 12 15 Mar. 24 2% Jan. 13 5% Jan. 12 15% Jan. 15 3% Jan. 8 13% Jan. 11 15% Jan. 6 85 Jan. 13 13% 48% 12% 7% 9% 4% 83 Jan. Jan. Jan. Jan. Jan. Jan. 11 11 12 15 10 12 Jan. 10 6% Jan. 10% Jan. 10 11 25 AA Sale Sale 5% Mar. 31 17 Sale 27 23% Mar. 31% Mar. 24 26 16% Mar. 29 25% Mar. 25 2% Mar. 29 Mar. 29 Sale 3 Mar. 25 31% Feb. 23 16 38 Mar. Mar. 3 8 6 44 9% Mar. 2 Mar. 29 Mar. 30 Mar. 25 Sale 2% Sale 20 38% Sale 6% 2 Sale Sale 82 1% Sale Sale Union Tank Car.........—* Sale Sale Sale Sale Sale 22% 6 41 Mar. 31 7% Mar. 30 20 Sale Mar. 31 17% Mar. 31 55% Mar. 31 66 Mar. 30 20 Mar. 30 20% Sale 19% Mar. 30 66% Sale Sale 5 Sale 10% Sale Sale 19 Sale Sale Sale 6% 14% 113% 39% 116 * Sale Corp.* ♦ 19 Sale alSik Sale Sale • Sale Sale Sale ......5 —10 Sale Sale .......100 78SH Mar. 25 14% Sale Sale Sale 4 Mar. 30 Mar. Mar. Mar. Mar. 31 1 ; Mar. 21 Mar. 1 Mar. 1 1 §* 1% Mar. 26 41 1 57 i Mar. i Mar. 2 2 17% Mar. 31 55% Mar. 31 Mar. 2 66 Mar. 10 20 i Mar. 15 i Mar. 2 i Mar. 18 Mar. 2 Mar. 29 Mar. 4 31 19 31 Mar. 14 13% Mar. 29 Mar. 31 Mar. 30 Mar. 30 19% Mar. 30 5 Mar. 30 Mar. 26 1 22% Mar. 31 4% Mar. 30 4% Mar. 29 Mar. 5 Mar. 4 Mar. 2 Mar. 31 Mar. 2 64 1 3 Jan. Jan. 13 11 12 Jan. 13 59% Feb. 23 12% Jan. 12 80 Mar. 2% 1 21% Feb. 23 88% Jan. 12 81 Jan. 6 23 Jan. 12 27* Jan. 5 Jan. 5 26 8 2 Mar. 26 22% Mar. 31 4% Mar. 30 Jan. 10% Jan. 10 6% Mar. 31 19 14% Mar. 31 110% Jan. 20 114 39 Jan. 4 49% 13% Mar. 29 Mar. 2 Mar. 31 7% Mar. 30 Mar. 57 * 9% Mar. 30 1% Mar. 26 United Biscuit of Am—...* United Dyewood... Mar. 30 Mar. 29 Mar. 31 2% Sale 80 85% United Aircraft Corp....—5 United Drug Inc... 10 21 12 12 24 Mar. 15 1 8 4 7 Sale Mar. 26 Mar. 9% Mar. 78 Sale — llH 29 Sale Union Pacific..........—100 United Corp.. Preferred 1 2 8% Sale 31% Sale 8% Sale 21 % Sale 100 3 1 Mar. Mar. 78 Sale Preferred Mar. 7$ 10% 6% California....—25 United Carbon Mar. 30 Sale Sale Sale Sale Sale Sale Sale United-Carr Fastener 1 33 4 1 Mar. Mar. Mar. Mar. Mar. 2 Sale 14 Jan. Jan. Jan. 46 1,9% Mar. 13 23% Mar. Mar. 3% 8% 1% 5% 10% 3% Sale 8% Sale 4% Sale Sale 2% Sale 10% 13 14% Sale 82 88 10% Sale 39% Sale 11 Sale Sale Transport.5 Mar. 69% Mar. Mar. 31 7% 58% 17% 55% American Bosch 19 29 6% Mar. 5% Mar. 5% Mar. 3% Mar. 1 41 United 10% Mar. 1 59% Mar.1 1 20 Mar. 2 8% Mar. 99% Mar. 3 Mar. 4% Mar. 8% Mar. Mar. 29 49 Sale Sale United Air Lines Mar. 1_ 39% Mar. 31 17% Mar. 29 Mar. 24 1 12 2 10 3% Jan. Mar. 30 Mar. 25 29 12 Jan. 32 2% Mar. 29 4 Mar. 20% Mar. 12% Mar. 15 Sale 4% preferred...........100 m 8 2 % Sale 7% 15 Sale Union Oil, 3% Mar. 7 * Mar. 11 3 Mar. 1< 10 12 13% Jan. 21% Jan. Mar. 24 24 50 63 Sale Sale . ..... 20 Mar. 26 3 Sale Paper, new 2 19% Mar. 26 15% Mar. 30 7% Mar. 31 54% Mar. 29 Sale Fisher Elliott Union Bag A Union Carbide A Cat 1 Mar. Mar. Mar. Mar. 15 7 * Underwood Mar. 30 24% Jan. 22% Jan. 31 31 30 30 19% 9% 5% 8% 1 ± Sale 63 3% 1 30 5% Mar. 1 Sale Mar. 4 45 Mar. 29 53 Sale 123% 123% Mar. 9 124% Mar. 2 Mar. 10 31 9% Mar. Sale Mar. 1 28 17% Mar. 31 Sale Mar. 1 1% Mar. 26 Sale Mar. 7 8% Mar. 31 Sale 35% 19 56 4 1 12% Mar. 19% Mar. 4% Mar. 30 13 55 4 Mar. 25 4% Sale Sale Sale Sale 3% Sale 2 22% Sale 7% 8% 18% Sale Mar. 30 22% Mar. 30 Sale Sale 29 22% Mar. 19% Mar. 17% Mar. 30 7% Mar. 23 7 15 27 4% 6 2% Mar. 29 Sale 8 Sale 18 4% 4% 33% 2% 26% 4% 39 Mar. 24 20 Highest Sale Prices 75 Sale 4 Sale Sale 49 5 7|% Sale Sale 4% Sale Sale -• * Ulen A Co Feb Jan. 11 Mar. 29 Fed. Jan. Jan. 32 7* Jan. Jan. Jan. 4% Mar. 29 Mar. 31 Mar. 26 80 Jan. 6 Jan. 23 10 8 12 12 10 10 11" 12 United Electric Coal Cos 5 80 Sale Sale Sale 64 3 Mar. 26 Mar. United Eng A Foundry United Fruit 5 Sale Sale Sale 21% Mar. 31 Mar. 2 21% Mar. 31 35 50 Mar. 31 Mar. 4 50 65% Feo. 25 5 11% Jan. Preferred- United Gas Impt Preferred * Sale Sale Sale Co.....—* Sale Sale Sale * Sale Sale Sale .... United Paper board Co.__._10 Preferred 400 U S Distrib Corp Fortfootnotes seeipage 40. 5 5% Sale * Sale Sale Sale » 90 75 74 .......... * — 100 Preferred. 2,230 13,700 U S Freight * 65,500 U S Gypsum Co 20 710 7% preferred..........100 5 14,600 U S Hoffman Mach 800 5%% conv pref ....50 38,700 U S Industrial Alcohol.....* * 14,600 U S Leather Class A .........—* 38,900 900 Prior preferred 100 61,000 U S Pipe A Foundry 20 83,900 U 8 Realty A Impt.........* * 1,171,600 U S Rubber 293,100 8% 1st preferred.......100 33,900 U S Smelt Ref A Mg 50 Preferred...............50 2,700 2 98% Sale 3 Sale 2% 2% Sale 35 106% 3% Sale Sale Sale 12 9% Mar. 31 5% Mar. 30 8% Mar. 30 22% 10% 27 19% Mar. 31 Sale Sale Sale 20 Lowest Sale Price Sale Price Sale Price* Sale 7% 59% 19% 1 1% 28% Sale 33% Sale 31 42 44% Sale 20% 22 54 54% 9 Sale 7% Sale 9% Sale 4% Sale 47% 51 121 Sale 15 Sale 22 — 19% 9% 5% 9% Sale 3 Sale 2% 4% 9% Tobacco.. ^Standard Gas A Elec_. 94 preferred . . .... 96 prior preferred.... 97 prior preferred.... Stone A Webster 39 22 Sale Sale 41 Sale Sale Sale 40 3% 18% 94.50 preferred 28,000 USA Foreign Secur Corp 800 19% 16% 12% J Sale .... Standard Brand*....... Com'l 18% 12% 19% 27% 3% 42% 75 Sale 97,700 TrI-Contlnental Corp......* 6% preferred .* 1,600 22,000 Truax Traer Coal..........* 10 3,000 Truicon Steel Co 68,300 20th Cent Fox Film Corp...* 91.50 preferred...........* 7,900 13,600 Twin City Rapid Transit—* Preferred.. .100 2,920 —....1 38,800 Twin Coach Co 9,000 1,000 26,900 3,000 8,000 2,110 9,900 6,500 Square D Co class B. Sale 8% 22% Sale Ask Highest9 Lowest Mar. 31 Ask Sid Bid Sale .......... 100 6% 2 * 2,800 The Fair Co 340 7% preferred..........100 1 31,000 Thermold Co 13 div conv pref 10 100 —..10C 5,400 Third Avenue 4,500 Thompson (J R)..........25 20,100 Thompson Products........* ..* 27,100 Thompson -Starrett.... Preferred * 2,500 10 128,500 Tide Water Assoc Oil $4.50 conv pref— ......* 6,000 47,700 Tlmken-Detrolt Axle Co...If ....* 49,100 Tlmken Roller Bear 2 119,200 Transamerlca Corp new 5 51,300 Transc A West Air Inc 10,300 Tran A Wl.llama Steel Forg* 1,700 16,700 200 Spiegel Co Inc.......... Conr 94.50 pref..—.. * ..... 100 1,240 6,500 27,800 l 5,500 Telautograph Corp....... 5 ...5 41,800 Tennessee Corp 25 363,100 Texas Corp (The).. 71,800 Texas Gulf Producing Co—* * 55,200 l exaa Gulf Sulphur 105,900 Texas Pacific Coal A Oil...10 1 196,000 Tex Pac Ld Trust ctfs 100 11,100 Texas A Pacific * 5,500 Thatcher Mfg... 93.60 conv preferred......* 200 1,200 20,800 138,700 26,400 18,600 33,200 60,700 4,800 3,500 200 (The) etc Splcer Mfg Co 93 conv preferred A.... S perry Corp 25 49,900 Swift A Co 17,300 Swift Internat Ltd Symington-Gould Corp with stock purchase warrants. 1 47,400 Without warrants.....— 1 40,500 2,500 Talcott (James) Inc.....—9 370 5%% preferred 50 19,700 14,200 1,500 12,600 Spencer Kellogg A Sons ...... 19,700 6,300 22,500 4,700 12,600 82,700 2,000 6,200 i * 6% preferred ........100 Sunshine Mining Co.......10 22.600 Superheater Co (The)......* 1 108,300 Superior Oil 22,000 Superior Steel ..I#' 11,800 Sutherland Paper Co......10 500 Sweet* Co of Amcr (The)-.60 600 38 2% ... ... 3id 3 Spalding (A G) «c Bros. Stand Mar. 1 22 Edison.. $5.50 preferred...—... 'YM Jan Ask Sale Southern Pacific Co Mobile 1 Price Jan. 1 Share* RANGE SINCE JAN. PRICES IN MARCH stocks N. T. STOCK EXCHANGE In 39 EXCHANGE-STOCKS ............ 1% A* Sale 1 Sale 9% Sale Sale Sale" Sale Sale 1692 Sale 164 Sale 32 7 36 Sale Sale 30 Sale Sale Sale Sale Sale Sale Sale 75 Sale 70 Sale 70 Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Mar. 26 Mar. 4 Mar. 23 Mar. 5 8% Mar. 30 100 3 Mar, 14 Mar. 31 Mar. 1 Mar. 18 Mar. 23 Mar. 7 Mar. 26 Mar. 5% Mar. 30 Mar. Mar. 7fA S'4 55 Mar. 23 Mar. 31 162% Mar. 28 4% Mar. 29 25 Mar. 15 Mar. 22 Mar. 22 Mar. 13% Mar. 31 3% Mar. 30 5% Mar. 26 : Mar. 30 2^ Mar. 1 Mar. 21 Mar. 8 MP. 7 1 1 Mar. 1 Mar. 17 Mar. 1 Mar. 50 Mar. 29 21% Mar. 30 Mar. 31 Mar. 31 Mar. 31 Mar. 31 x55 Mar. 31 1 9 1 Mar. 15 ; Mar. 5 Mar. 31 8% Mar, 30 100 3 Jan Jan. Mar. 14 106 Mar. 26 5% Jan. 3 12 Mar. 31 Feb. 4 Mar. 23 17 Mar. 26 Mar. 30 8% Vk 10 Mar. 31 72 Mar. 28 169 & Mar. 29 8> Mar. 22 Mar. 31 Mar. Mar. Mar. Mar. 35 18 12 15 Jan. 4 Feb. 9 Jan. 11 Jan. 12 Jan. Jan. Feb. 23 v 6 Jan. 15 30 Jan. 26 10 Jan. 29 66 Feb. 30 32 Jan. ifH Feb. 13 13 18 17 10 25 21 71 Mar. Mar. 31 Mar. 31 Jan. Jan. 74% Feb. 21 _ Mar. 31 Mar. 31 Jan. Mar. 70% Mar. 8 5 AGGREGATE SALES In 413,950 29,100 OB 1938 Par Shares 1,419,560 100 56,700 2,000 30 460j 8,000 8.000 630 United States Steel.. 100 900 130 450 19,300 8,400 190 31,600 5,900 800 380 Preferred 180 400 8,300 100 4,000 9,200 1,600 72,400 7,900 1,300 1,090 20,000 1,800 2,600 5,800 14,800 410 4,500 3.200 9,200 - 44,800 27,300 30 1,600 2,200 1,140 2.800 5,300 288,400 620 9,100 95,300 200 12,900 32.800 42,900 57% 145 Of. 99 120 51 2% Sale 7 7 40 X ... Sale Sale Sale Sale 25 Sale Sale 97 Sale 18% 79% Sale 3% 3% !89H 74 12% 3% 40% 4% 6 35 Sale 39 Sale i!H Sale 21 15 Sale 23 26% Sale 2% 2% .1% Sale 73% 75 94 88% 95% Sale 90 88% 35 Jan. Sale Sale Sale 18 34% Mar. Mar. 10 Mar. 18 42 1 Mar. 30 5 1% Mar. 26 Feb. 3 42 8% Mar. 30 13% Jan. 34% xv^ar. 42 . 4% Mar. Mar. 2 Mar. 24 Mar. 3 8% Mar. 30 Mar. 31 Mar. Mar. 1 4 48 Mar. 28 Mar. 11 138 27% Mar. % Mar. % Mar. 16 Mar. 11% Mar. 14% Mar. 2 30 30 Mar. 7 Mar. 2 18 Mar. 4 26 Mar. 31 31 1 e" Mar. 1 Mar. 3 Mar; 3 Mar. 9 Mar. Mar. Mar. 19 Mar. 2 Mar. 14 _ _ Mar. 21 2 1% Mar. 23 3 1 3 Mar. 7 5% Mar. 31 15% Mar. 29 Mar. 29 4% Mar. 30 30 Mar. 31 18 Mar. 18 74 Sale 8 Mar. 26 Sale Sale 2 Mar. 26 23 Mar. 31 3% Sale 24% 25 1% Sale 5 Sale „ 3% Mar. 26 20 Mar. 26 1% Mar. 31 5 Mar. 31 Mar. Mar. Mar. Mar. 14 8% 41% 19% 12% 3% 40% Mar. 2 Mar. 9 Mar. 11 Mar. 15 Mar. 2 Mar. 1 Mar. 1 Mar. 16 3% Mar. 11% Mar. 1 1 14 25% 95% 135 15 15% 34% Sale Sale 33% Sale 24 25% Sale 137 26% 14% 26% 60 "85" m90rm 90 75% 1 105 .23 83 57 14 i Sale 80 63 16 53 14 8% Sale 9X 10% IX Sale 12% 13% 2% 2% 2% Sale 4% Sale 5 50 12% 36 Sale 58 13% Sale Sale 101 58% 14% 10% Sale 10 2 Sale 2% Mar. 30 17% Sale 17 Mar. 30 26% Mar. 2 17 Mar, 30 72 72 Sale Sale Sale 74 72 72 Sale 116 72 116 18 Sale 50 66 36 81 Sale 60% 23 63 Sale 8% Sale 68% 81% 13% Sale 37% Sale 73% 80 13% Sale" 2% Sale 16% Sale 16% Sale 63 % Sale 103 Sale Mar. 31 Mar. 31 84% Mar. 31 74 2% Mar 10 1% Mar. 5 . 35 75 Mar, 1 Mar. 10 90% Mar. 96% Mar. 89 Mar. 29 Mar. 31 121 8 5 34% 35% 42% Sale 75 67 80 68% 24% Sale 14% 91% 16% Sale 36 Sale tvA 68% 85% 19% Sale 16% Sale 4 31 31 31 26% 25% 98% 137 15% 31% Mar. 84% Mar. 74 116 11 11 4 17 10 81 Jan. 24 Feb. 23 Jan. 15 Feb. 18 Jan. 15 3% Jan. 13 8% 44% 19% 16% 48 Jan. 10 Jan. 13 4% 13% 24% 17% 29% Jan. Jan. Jan. Jan. Jan. 13 13 14 17 17 [12 Jan. Feb. 24 Jan. 24 3 Mar. H : 121 2% Mar. i* Jan. Jan. 10 10 11 3 Mar. IX 3% Jan. 11 16% Mar. 28% Jan. 10 Mar. Mar. Mar. 1 3 1 Mar. 8 Mar. Mar. Mar. Mar. 1 8 9% Mar. 31% Mar. 7 9 10 Mar. 20 Mar. x27 60 Mar. 60 Mar. 19 75 Mar. 90 Jan. 15% Mar. 27% Jan. 61% Mar. 109% Jan. 15 Jan. 27 17% Jan. 32% Jan. 15% Jan. 15 103 140 Mar Mar 31 31 14 27 60 105 60 Mar, 19 60 75 Mar 12 80 15 75 Sale 14% Mar 26 75 Mar, 29 23 Mar. 90 75 Mar. 47 Mar 29 80 51 Mar. 25 46% Mar. 8 47 Mar. 12 Mar 26 14 Mar. 2 12 Mar. 15 Mar. Mar. Mar. Mar. \l« 1 10% Mar. 10 Mar. 1 31 2 Mar. 2 31 17 Mar. 2 6% 7% 1% 8% 2% Mar. 2% Mar. 5% Mar. 4% Mar. 3 1% Mar. 30 1 2 1 3 4% Mar. 26 8% Sale 1 % Sale 1% Mar. 30 2 Sale 2 Mar. 29 4% Mar. 26 3 Mar. 24 Mar. 30 Mar. 29 Mar. 24 32 Mar. 30 Sale 32 10% 36% 11% 42% Sale Sale Sale 10% Mar. 29 17 36 1 9 36 25 28% Sale 56% Sale 61% Sale 22 23% 9% Sale 72% Sale 9% Sale 25 Sale 62% Sale 11% Sale 9% Sale Ex-rights, Mar. 29 48 Mar. 10 Mar. 1 5 18 9 4 12 Jan. 4 14 13 Jan. Jan. Jan. Jan. 21% Jan. 3 32 62% 29% 95 15 ■£59#; Jan. 31 1 Mar. 27% Jan. 14% Mar. 31 6% 7% 1% 8% Mar Mar Mar Mar Mar. 19 Mar. 2 Mar. * 10 Sale Jan. % Mar. 1% Mar. 20 Sale 1 23 Sale Sale Sale 3 Feb. 20 12% 6% 7% 1% 3 Mar. 13 30 70 42 28 1.6* Mar. 24 111% Jan. 9% Mar 31% Mar 28 : Jan. Feb. 9% Sale 31 33% l0 Sale 103 18 7% Jan. 40 Mar. Mar. 10 10 Jna. Feb. Jan. Jan. 35 75 Mar. 3 Mar. Feb. 28 Jan. 4% 3% 8% 20% 31 Sale y 16% Mar 15% Mar 61% Mar 1% Mar. 1% Jan. 25% Mar. 72 72 22 21 21 19 20 11 2% Jan. Mar 4% 4% 3% Sale Sale Mar. 31 11 Sale Sale 100 37 45 1% Mar. 31 5 27 102% Jan. 102% Jan. Mar. 26 16% Mar. 31 2% Sale 16 20 Feb. 15 Jan. Jan. Jan. Jan. Mar. Jan. Jan. Jan. 3% Mar. 26 1 17% 60 30 Mar. 31 Mar. 26 Mar. 15 2% 45% Sale Sale Mar. 26 23 Mar. 16% 2% 5% 4% 44% 16% 43% Mar. 18 2 15 80 22 * __ 18 8 23 114% Sale" 113% Sale 113% Mar.,30 116% Mar. 24 13 Mar. 30 17% Sale 13% Sale 17% Mar. 3 4% Mar. 1 4% Sale 2% Sale 2% Mar. 31 3 Mar. 25 7% Mar. 8 4% Sale 7% % Sale % Mar. 23 1% Mar. 7 2% 2% 1% Mar. 18 1% 1% 2% Mar. 2 130 Mar. 31 Mar. 30 120 26% Sale Mar. 29 4% Mar. 30 30 11 Sale 24% Sale 23% Sale 99% Sale 15% Mar. 29 74 16% Mar. 31 113 16 4X 4X 6% 1% Sale 2% Sale Mar. 21 Sale 1% Mar. 26 1% Mar. 5 25% Mar. 31 4 11 118% Mar. 21 Sale 112 15 117% Jan. 11 1% Sale 1% 1% 25% Sale 14 Mar. 60 14% Mar. 31 z23% Jan. 19 101 30% Mar. 30 42 5% 2% Mar. 29 15% Mar. 30 32% 105 Mar. 30 110% 4% 2% Mar. 22 5% Mar. 26 15% 100 Mar. 29 120% 57 37 Mar. 31 1 19% Mar. 15 10 Feb. 25 97 1% Mar. 23 2% Jan. 5 5% Mar. 31 7 2% Jan. Mar. 28 147% Mar. 11 Jan. 12 27% Mar. 30 54 Jan. 7 1. % Mar. 30 Jan. 10 1. % Jan. 3 Jan. 17 16 Mar. 26 25 Jan. 12 11% Mar. 31 20: 1 80 6 35 Mar. 31 9 3% Mar. 10 8 37 16% 85 5 Mar. 10 Feb. 24 138 48 8 23 Feb. 10 Feb. 1 20 162 xvlar. 30 3% Mar. 30 1% Mar. 26 38 2 Sale Mar. 5% Mar. 26 11 Mar. Mar. 29 120 53 Mar. 14 Mar. 31 118% Mar. 21 118% Mar. 21 1 1% 1% Sale 1% 8% 5% Sale 15% Sale 62% Jan. 25 114% Jan. 10 4 130 37 74 13% Mar. 29 Jan. 100 Sale Mar. 31 38 Mar. Mar. Mar. 29 30% Mar. 30 39 4% 2% Mar. 29 15% Mar. 30 27% 105 Mar. 30 110% 3 2% Mar. 22 121 Sale 56 108% Mar. 97 Sale 8#-.; * No par value, a Deferred delivery, r Cash sales, x Ex-dividend, d Change oi name from International Ftinting Ink Corp. Sale Highest Sale Prices 120 White Dental Mfg Co (S S)_20 ... Sale 12 10,600 Wilcox Oil & Gas.........-.5 43,400 Willys-Overland Motors....] 23,800 6% conv pref —....10 106.500 Wilson A Co f6 cum preferred..— 1011 8,600 31,700 Woodward Iron Co........10 136,200 Woolworth (1 W) ..It 55,500 Worthlngton P & M—_.10» 7% preferred "A" 70 101 Prior pref 4%% series-.100 3.600 Prior pref 4%% conv ser 100 6,100 3.620 Wright Aeronautical Corp..* 6,400 Wrigley <Wm) Jr 11.000 Yale A Towne Mfg Co.....25 1 940,400 Yel Trk & C'ch class B 2,930 7% preferred 10< 26,900 Young Spring A Wire * * 320,500 Youngst'n Sb A Tube 600 534% preferred ..100 45,000 Youngstown Steel Door * 104,200 Zenith Radio Corp * 82,000 /onite Products Corp......1 Sale 16% Sale 32 1,400 128,900 White Motor Co...........1 5,200 White Rock Mln Spgs ctis..* * 21,000 White Sewing Mach Convertible preferred....* 17,000 Sale Sale 102 100 ... Sale 19 100 30 $5 conv prior preferred Sale Sale 18% Sale Sale ..... 100 Sale m 27 73 * 40 Wheeling & Lake Erie Ry.100 Sale Sale 2% Sale IX Sale Westvaco Chlorine Prod 250 5%% conv pref 54,200 Wheeling Steel Corp.. 44 41 3% 10X 16% 13 X 24 X —1 5% preferred 138 Sale 41X 36 10C 103,100 Western Union Teleg 79,000 Westinghouse Air Brake —• Preferred Sale 6 .... 800 900 Sale 18% Sale 72% 74 ....1 Class A Sale 3% 3 8 Sale 2X Sale 2% Sale 36 39 332,800 Westlnghouse El & Mfg..50 7% 1st preferred .....50 1,390 * 9,700 Weston El Instrument 2 3% 18% ... 60 A* 118% 125 10 6% preferred 100 1,430 1,280 West Penn Pow pref 7%__10i 6% preferred 10f 2,580 25,900 Western Auto Supply Co-.10 30,600 Western Maryland.......100 Second preferred 100 3,200 1<H 4,900 Western Pacific 6% preferred.... .100 16,200 42 Sale Sale 39 38% 4% Sale 27% Sale Sale 109 3 3% 10% 16% • Wesson Oil & Snowdrift Mar. 18 22 * & Co 40 • 21% 18% 5 Elsenlohr 29 Sale Sale 58 Sale Lowest Sale Prices 2 140 1 162 Mar. 30 Sale 40 * $4 conv preferred........ 440 West Penn El Co "A" 7% preferred 10f 2,340 300 12,500 7.300 43,200 3,100 9,500 50 139 30 1% * — 1,700 290 7,900 2 * Preferred Ward Baking class A 7,400 Warren Fdry & Pipe 15,600 Waukesha Motor Co... 35,500 Wayne Pump Co 7,700 4,800 400 800 38,800 2,200 9,500 5,900 4% 40 11 9% 33,900 7% preferred.. 100 4,150 .5 317,400 Warner Bros Pictures $3."85 conv preferred.....* 3,260 * 57,100 fWarren Bros Convertible preferred-_._* 3,100 70 18,500 Mar. A™ — Class B 3,000 1,800 40 70 161 40 . 140 1,040 520 Sale 10( ... Wells Fargo 31,000 161 Mar. 41 * 18,100 Walgreen Co 3,600 4% % pref with warr 100 * 163,500 Walworth Co 21,900 Walker(H) Gooder & W Ltd.* 1,190 17,300 152,500 Mar. 29 29% Preferred B............100 330 * 8,600 Waldorf System 640 5,400 600 37,500 95 140 4 24,000 fWabash..............—100 Preferred A 10(t 25,400 Webster 460 95% Sale 140 ......100 7% preferred 10,300 1,920 9,400 11,000 1,700 1,400 8,700 39% Sale 130 , 5,600 320 Sale 108 119 100 Detlnnlng Sale 55 Sale ..... 4,800 17,200 2,600 150,800 7% 1st preferred 830 Vulcan Bid Highest Sale Prices Mar. 31 38 Sale 8,500 Vlck Chemical Co..........5 * 82,900 Va Caro Chemical 52,400 6% preferred 10< 1,380 Virginia Elec * Power 0% pf* 1,050 Virginia Iron. Coal ACokelOO 5% preferred 270 ........100 1,000 Virginia Ry Go pref......100 160 7,600 Ask Ask Sale Prices Lowest Mar. 31 Ask Bid 25 100 1,010 Universal Plct 1st pref 38,500 futilities Pow & Light A 1 16,800 Vadsco Sales Corp.. ....* Preferred.. 100 270 103,700 Vanadium Corp of America.* 12,900 Van Raalte Go.............5 470 53 % 105 116 148 Mar. 1 * New 1 * 33,800 United Stores A 2,400 $6 cony preferred —* 3,200 Universal-Cyclops Steel 1 * 2,400 Universal Leaf Tobacco Preferred 100 420 380 , * 100 7% pref new 24,500 United Stockyards Corp 410 4,200 20,000 15,400 Bid 100 7% preferred.... U S Tobacco..... 630 12,100 14,500 1,400 1,500 1 Price Jan. 3 Jan. 1 Share* RANOE SINCE JAN. PRICES IN MARCH STOCKS N. T. STOCK BXCSHAM Since March . EXCHANGE-STOCKS N. Y. STOCK 40 10% Mar. 29 12 21 22 24 2% Feb. 25 6% 5% 60% 19% 43% Jan. 7 Jan. 10 Jan. 6 Jan. 21 Jan. 17 Feb. 23 Feb. Jan. 3 11% Mar. 29 43% Mar. 18% Mar. 42 Mar. 29 66 Mar. 2 42 Mar. 29 20 66 27 Mar. 28 2 27 Mar. 28 35% Feb. 24 28% 55% 61% 22% 9% Mar. Mar. Mar. Mar. 35% Mar. 42% Mar. 1 Mar. 31 14% Mar. 1 28% 55% 61% 20% 8% Mar. Mar. Mar. Jan. Jan. 71 Mar. 30 93 17 Mar, 4 71 Mar. 30 30 30 31 30 76 Mar. 16 69 Mar. 12 Mar. 9 28 Jan. Mar. 3 Mar. 30 38 Mar. 4 62% Mar. 31 11 % Mar. 29 64 Mar. 29 20 Mar. 1 16% Mar. 5% Mar. 1 9 7 2% Jan. 9% Mar. 31 24 9 Mar. 31 3% Mar. 30 3 11% Mar. 29 10 Jan. 10 Mar. 12 28 Mar. 30 62% Mar. 31 11% Mar. 29 t Companies reported in receivership. Jan. 94 31 9% Mar. 31 24 46 69 30 30 31 3 Mar. 31 3 25 25 Mar. 9 15% Jan. 21 93 11 Jan. 18% Jan. 43% Jan. 10 12 75 26 Jan. 22% Jan. 10 17% Jan. 12 5% Mar. 7 U Called 'or redemption I New York Curb Exchange MONTHLY AND YEARLY RECORD March..... 4,629,762 11,623,061 Jan. 1 to March 31 : NOTICE—Deferred delivery, under the rule and cash and when selling outside of the regular monthly range are computing the AGGREGATE • In Shares 200 400 7,600 950 x 5,900 3,900 2,700 300 2,800 175 260 597 March..... 13,040,000 47,913,631 Jan. 1 to March 31 RANGE SINCE JAN. PRICES IN MARCH Par Ask Bid 28 2b c iei* "19 5* 20 28 24 22 Sale 6 5* 15* 145* 48 63 if 2 Sale Sale 525* Sale Sale 15 Sale 75* 5i 15* 125* 5* 465* 505* Sale 25* 25* 1 15* Mar. 28 1 Sale 115* 5* 405* 505* 445* 125* % 395* Sale 2 5* Mar. 28 55* Mar. 31 5* Mar. 28 Sale 15* 25* 23 Sale Sale Sale 52 145* Mar. 29 25* Mar. 30 Sale Sale Mar. 31 20 205* 35* 315* 85* 5* 15* 175* 5*6 Mar. 29 Mar. 15 Mar. 18 Mar. 31 Mar. 29 2 Mar. 30 1 25* Sale 5* 15* Mar. 30 Sale Prices 28 Mar. 1 15 Mar. 25 35* Mar. 5 Mar. 15 30 75* Mar. 5* Mar. 15* Mar. 2 3 8 Mar. 11 14 5* Mar. 15 465* Mar. 1 6054 Mar. 7 Mar. 53 7 25* Mar. 21 15* Mar. 14 500 Allied Internet Investing...* 1,600 S3 conv preferred* 700 Allied Products Corp com.. 10 11,600 1,000 900 900 25 Class A 35,000 Aluminum Co common 2,700 6% preferred 1,400 Aluminum Goods Mfg 760 Aluminum Industries 550 * 100 * ----- 7 105 130 310 American Book Co.......100 1,000 900 500 200 23",600 73,700 S3 preferred —...* $5.50 prior preferred American Centrifugal * Corp.l Amer Cities Power At Lt 200 1,900 12,600 49",200 2,700 300 27,400 1,225 4,200 2,300 50 400 450 45 21,800 2,932 250 33,7' 3,400 52,400 1,300 4,800 700 3,400 3,100 3,200 230 3,700 11,800 50,300 3,300 90 3,100 12,300 11 15* Sale Mar. 30 955* Mar. 4 995* Mar. 10 115* Mar. 2 67 Mar. 28 8 185* 15* Amer Hard Rubber Co com.50 * com 20 5,700 Amer Laund Mach com.. 25 21,300 Amer Light At Trac com 500 6% preferred 25 .100 1,000 Amer Mfg Co common 100 Sale Sale 27 Sale 110 4 Sale 25* % 44M Mar. 30 1 Mar. 29 50 65* Mar. 31 2 5* Mar. 14 105* Mar. 31 jj, 19 Mar. 2 Mar. 65* Mar. Mar. 5* Mar. 5*6 Mar. 14 105* Mar. 57 645* Sale 2 5* Mar. Mar. 15 15* Mar. 30 "3 5* "Mar "16 5 Jan. 6 Feb. 23 Feb. 7 Jan. 14 Ja,n. 6 Feb. Jan. 16 7 5^ Mar. 4 995* Mar. 10 125* Jan. 10 15* Jan. 20 52 Feb. 14 105* Jan. 17 3 Feb. 17 5* Jan. 27 235* Jan. 12 £595* Feb. 14 35* Mar. 16 Mar. 44 2 4 95 Mar. 8 Mar. 17 Jan. 545* Jan. 64 1065* Jan. 26 165* Mar. 11 55* Feb. 25 945* Feb. Mar. 12 854 Mar. 15 Mar. 15 2 105* Sale 4 5i 15 255* 15* 115* 265* 155* 110 45* 26 32 125* 255* 20 24 19 18 125* Sale 225* 26 185* 23 65 73 27 105* 165* 125* 23 20 60 5* Sale 1 * * 74 78 ..........* 13 14 Wupperman 1 Apex Elec Mfg Co common..* Appalachian Elec Power— 760 $7 preferred .........* 13,400 tArcturns Radio Tube 1 * 34,200 Arkaneas Nat Gas com Class A ♦ 119,000 —10 230 Arkansas P Ac L 67 pref—..* 5 4,900 Art Metal Works common 26,200 Ashland Oil At Refining Co.l 65* Sale 35* Sale 15* Sale 45* 35* Jan. 15* Jan. Sale 5* 71 6 35* Sale 65* 4 x27 Ill Sale Mar. 25* Mar. 235* Mar. Sale 25 8 Sale Ir 8 107 Sale ilH 23 Sale 10 Sale 20 24 12 215* Mar. 15 145* Mar. 30 Mar. 29 35* 135* 35* Sale Sale 35* 35* Sale 6 Sale 71 Sale 35* 65* Sale 4 Sale 28 23 12 26 Mar. 1 3 25 215* Mar. 15 165* Mar. 15 125* Mar. Mar. 275* Jan. 26 8 Mar. Mar. 13 15 215* Mar. 15 14 5* Mar. 30 10 Mar. 29 Jan. 215* Mar. 15 185! Jan. 6 145* Jan. 12 Mar. 29 Mar. 7 225* Mar. 30 20 12 24 23 56 Mar. 29 56 635* Feb. 15 5* Mar. 25 165* Mar. 31 Sale Mar. Feb. LI 15* Feb. 5 Jan. Mar. 25* Mar. 235* Mar. Mar. 31 Mar. 29 Sale 2 107 24 56 55* Sale % Sale 695* Sale 125* 165* 35* 35* Mar. Mar. Jan. 7 265* Jan. 11 35* Jan. 15 275* Jan. 4 265* Feb. 24 15* Jan. 7 125* Feb. 15 28 Mar. Mar. Mar. Jan. Mar. Mar. Mar. Mar. 225* Mar. 30 Sale 5* 155* 5* 85* 195* 265* Mar. 56 5* 23 Mar. 26 Mar. Mar. 10 165* 185* 1 5* 275* 45* Mar. 12 Sale 35* Sale 35* Sale 65* 65* 195* Mar. Sale 25* 245* Mar. 235* Mar. 25* Mar. 26 Sale 995* 10 15* Mar. £115* Mar. 95* 82 Corp..* 6 1 155* Mar. 5* Mar. 85* Mar. Sale 12 85* Amer Sale 22 85* 8,900 109,400 2,500 9,400 2,600 6,100 5,900 10,200 sH 165* Mar. 31 185* Mar. 29 15* Mar. 26 26 "85* Sale" Republics Corp com 10 Angostura 175* Sale 2% Amer 5 26 335* 125* 5* 5* Amer Potash At Chem Fence com....* 1105* 5 % Sale 22 64,300 Amer Thread preferred 12 Sale 22 'V.oEo Seal-Kap Corp com American Superpower 1st preferred. Sale 15* 15* Sale 175* Sale Sale 235* Sale 25* 25* 245* 275* 105* 1 ....* 3 115* Sale Amer Pneumatic Service....* Preferred Mar. 31 96 65* Sale 15* 3 13 3 5 9 67 40% 50* 10 15 86 Mar.: Mar. Sale Sale a/ „ 4 11 20 11 21 Jan. 2 Feb. 125* Mar. : 58 101 100 8 26 "235* Amer At Foreign Power warr V 10,100 95* 35* 25* 23 30 Preferred 15* 50 9 2 90 56 Sale Anchor Post 1 49 "i 67 21 24 58,400 American Maracaibo. 5,832 American Meter Co 995* Sale 645* 25* 13* Sale 84 Mar. 23 106 155* Mar. 35* Mar.: 19 26 Preferred- Sale Mar.; Jan. Jan. Jan. Jan. 155* Jan. 5* Jan. 495* Jan. 1 5* Feb. 85* Mar.! 165* Mar. 11 45* Mar. 7 59 65 25 Class B 200 Amer Invest of 111 • 1 45* 325* 85* 15* 25* 15* 5* .105* Mar.i 155* Mar. 30 35* Mar. 23 57 25* ...L 96 2 155* Sale 15 75* Sale 3 45* 5* :: 23 235* 1 1,800 88 Sale Mar. 31 145* Feo. 5 25* Mar. 30 23 Jan. 4 55* Mar. 31 5* Mar. 28 1 Mar. 28 115* Mar. 29 5* Mar. 15 405* Feb. 3 505* Mar. 31 445* Mar. 29 20 Sale Prices 34 Feb. 10 17 Jan. 13 Corp * 1,800 Amer Fork Ac Hoe Co com 71,000 American Gas At Elec com—• Preferred • 4,850 10,600 American General Corp... 10c $2 preferred 5,550 1 75 $2.50 preferred 1 200 3,700 7,600 95* J* 40 Amer Cyanamld com cl A.. 10 Common class B n v 10 1,300 173* Mar. Mar. Mar. 15 Mar. 30 58 61 101 16 98 90 Class A with warrants...25 Conv class A 1,625 6,000 21,600 108,700 7,100 165* Sale 48 1 7,200 Amer Box Board Co com 400 Amer Capital Corp d A..10c Common class B 10c 1,600 300 585* 12 5* Mar ."31 12 5*. Sale Sale Sale Prices 7 " Sale 35* 3,200 400 9 6 15 Sale 155* 70 450 7,650 "85* Sale' "85* Mar."31 "95* Mar.'30 825* com. 16,200 Aluminium Ltd 1,350 6% preferred ..100 19,300 American Airlines Inc....10 1,100 Amer Beverage Corp 1 5,900 "£" 10 135* Sale 775* Sale Highest Lowest Highest Sale Prices Ask Ask Bid Lowest Mar. 31 Mar. 1 1938 1,300 Allea Ac Fisher Inc common.* 1,000 Alliance Investment com...* '"366 1 Jan. 3 1,300 Aero Supply Mfg class A——* Class B._ 20,100 * 3,150 Agfa Ansco Corp com 1 12,100 Alnsworth Mfg Corp com—5 13,800 Air Devices Corp common.. 1 4,100 Air Investors Inc common..* 1,200 Convertible preferred * 8,300 Warrants 550 Ala Gt Sou RR ordinary 50 930 Ala Power Co 67 pron ...* 16 preferred 1,557 * ""600 162,981,000 Price NEW YORK CURB EXCHANGE Shares STOCKS 575 Acme Win Govt 200 , * SALES Since 700 1937 $60,493,000 sales, are disregarded in the month's range unless they are the only transactions of the month. unless they u_ shown in a footnote in the month in which they occur. No account is taken of such sales in for the year. Jan. 1 March cr range 1938 $30,247,000 80,390,000 Bond Sales 1937 1938 .....Shares NEW YORK CURB EXCHANGE PRICES ON OF RANGE Stock Sales Sale 23 % Mar. Mar. 3 3 Mar. 31 Mar. 29 X Mar. 25 165* Mar. 31 Mar. 29 Jan. 17 1 Jan. 12 265* Jan. 12 5* 30 Mar. 30 5 Sale 5 Mar; 30 3 5* Sale Sale 3 Mar. 18 33 30 5* 66 59 9 8 35* 15* 3 75* 35* Sale 35* Sale Sale 97 5* 25* 25* 45* Sale Sale Sale Sale 59 Sale 45* 6 35* Sale | 5* Mar. 28 315* Mar. 26 85* Mar. 4 55* Mar. % Mar. 1 2 Mar. 1 Mar. 30 63 85* 35* 15* 35* 75* 97 5* 25* 25* 45* 71 Mar. 26 Mar. 19 145* Mar. 2 35* Mar. 11 5 Mar. 4 Mar. 16 145* Mar. Mar. 31 Mar. 22 Mar. 31 Mar. 30 995* 5* 35* 35* Mar. 30 Mar. 31 Mar. 29 59 2 Mar. 23 Mar. 30 Mar. 31 35* Mar. 29 6 1 9 Mar. 12 Mar. 3 Mar. Mar. Mar. 5 Feb. 21 36 5 Mar. 30 95* Jan. 3 Mar. 18 75* Jan. 15* Jan. Mar 5* 63 85* 35* 15* 35* 75* Mar. Mar. Jan Mar. Mar. 97 Mar. . . 28 30 26 3 23 30 Mar. 31 2 6 3 17 25* Jan. 11 Jan. 6 4 4 14 4 165* Feb. 21 % 14 Feb. 8 Jan. 45* Jan. 7 Jan. 72 Jan. Mar. Mar. 5 10 Jan. Jan. Feb. 11 12 45? 5* Mar. 59 75 18 1035* Jan. 5* Mar. 25* Mar. 45* Mar. 715* Mar. 65* Mar. 4 Jan. 30 7 4 115* Jan. 27 4 Mar. 3 5* Mar. Mar. 4 Mar. 14 Mar. 1 Mar. 4 Mar. 10 Mar. 3 85* Mar. 31 5*6 Mar. 22 5* Mar. 18 35* Mar. 30 J32 Jan. 25 8 18 Jan. Jan. 8 Associated Elec Industries— 900 2,960 39,900 6,000 3,300 1,300 >■) 16 25 13,100 539 9,200' 4.206 7,300 6.000 American deposit rects £1 1,500 7,400 Assoc Gas Ac Elec com ......1 Class A .............1 84,700 65 preferred...... —* 12,700 Warrants... 9,900 * 1,600 Assoc Laundries of Amer Atlanta Birmingham & Coast RR Co pref............100 10 25 Atlanta Gas Light 6% pref 100 * 20,400 Atlantic Coast Fisheries 1,120 Atlantic Coast Line Co....60 19,800 Atlas Corp warrants 7,620 Atlas Plywood Corp........* 1 23,700 Austin Sliver Mines. 12,500 Automatic Products Corp..5 footnotes 10^ Sale 105* Sale 15* Sale 7 ■ 1054 5* Sale 8 8 5* 5* 5* 4 Sale Sale Sale Sale 85* % 5* 3 5* page 53. 31 22 18 30 132 Mar. 29 5* Mar. 24 ...... see Mar. Mar. Mar. Mar. 73 785* 70 '"35* "45* 4 80 66 75 Mar. 3 Mar. 30 70 25* Mar. 31 4 Mar. 30 27 70 67 28 Sale % Sale 9H 105* 5* Sale 15* Sale Sale 265* 1 Sale 1054 115* % Sale 15* "25* Sale 16 Sale 15* ""5* Sale" 7 Sale 5ie Sale 105* 5* 15* 75* l{6 54e 5* 65* 5* J* Mar. Mar. Mar. Mar. 21 30 26 26 67 Mar. 3 70 67 1 Mar. 1 11 Mar. 4 Mar. 3 15* Mar. 4 Jan. 8 15* Jan. SX Jan. 3 11 Jan. Jan. 5 17 £ 5* Mar. 24 Mar. 30 1 Mar. 1 Mar. 1 Mar. 3 Mar. 30 2 5* Mar. 31 16 5* 65* 5* H Mar. 30 Mar. Mar. Mar. Mar. 21 30 26 26 I 70 Mar. 67 Mar. 30 1 4 5* Jan. 30 Jan. 15* Jan. 155* Jan. 3* Jan. 25* Jan. 13 11 11 12 12 12 NEW 42 AOaRBOATB EXCHANGE CURB PRICES IN MARCH SALES March Shares Shares RANGE SINCE JAN. 1 Price YOR NEW Since Jan. 1 1 In YORK Jan. 3 CURB EXCHANGE 1938 Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Mar. 31 Mar. 1 '.'So Par 7,500 Auto Voting Machine 2,700 Avery (B F) Sons Co 4,400 1,200 7* STOCKS (Continued) 125 ^"~25 25 200 6% preferred 6% preferred Ask Bid 7 com. 5 Ask Ask Bid 8 *4 Sale 6 Sale 6*4 4*4 " 25 25 w w iw 13 12*4 1*4 Purchase warrants Sale 4*4 17*4 16 6*4 Mar. 31 4 8*4 Mar. 16 1 Mar. 28 6*4 Mar 28 Mar 13" Mar."30 13" "Mar."30 16 12 28 21 Jan. Mar. 30 13 Mar. 30 17*4 Feb 13 3 8*4 Mar 8*4 Jan. 31 4 7*4 Mar. ' 13 254 Jan, 1*4 Mar. 26 13*4 Mar 30 20 2*4 Jan. 2*4 Jan 13 Aviation & 760 45,900 2,870 2,475 7,400 2,900 6,410 21,800 6,400 64,900 18,600 7,700 21,800 Transport Corp. (Formerly Cord Corp) 154 Sale 1*4 93 Sale 65*4 16*4 4*8 7 *4 1*4 2*4 8*4 Sale Sale Sale Sale Sale Sale * 83 30 12 Sale 70 18 4 Mar. 15 20 12 Feb. 17 63*4 Mar. 30 93 Mar. 1 63*4 Mar 30 93 Jan. 11*4 Mar. 30 Sale Axton Fisher Tob class A..10 Babcock 8c Wilcox Co 1 *4 Mar. 26 13*4 Mar. 30 1*4 16*4 4*s 8*4 15s 2*4 8*4 1 Mar. 1 Mar. 1 Mar. 1 Mar. 3 Mar. Mar. 29 11*4 Mar 30 2*4 Mar 28 4*4 Mar 28 17 Feb. 21 454 Jan. 15 9*4 Janl 15 1*4 Jan. 8 2*4 Jan. 8 1*4 Mar. " 11 Baldwin Locomotive— ^$1^? ; 3,900 31,400 >: %h W : 12,600 ■ 72,900 350 1% preferred Purch warr 1 com Bardstown Distillery Inc Barium Stainless Steel 1 1 800 Barlow & Seelig Mfg class A.5 48,000 Bath Iron Works Baumann """So for com... Baldwin Rubber Co ""£5 7% Corp (L) & Co 1 5 6 14 24 2,600 3,600 3,800 5,700 Beech Aircraft Corp com...l 11,300 Bell Aircraft Corp common.. 1 11,800 Bellanca Aircraft common.. 1 16 310 820 Bell Telep Co of Canada..100 170 Bell Telep of Pa 6 *4 % pf._ 100 400 Benson & Hedges com......* 950 Convertible preferred....* $1.50 X ■ - 70 V - 300 &££$ 13,000 6,400 - : 700 • ' V:: :■■•' *'i'> £,;."£J>VVV.-}i ■!''•'* 'V": 100 conv common. pref 29,700 Berkey & Gay Furn Co 1 Purchase warrants........ 16,100 1,500 Blckford's Inc com.........* 250 300 S2.50 Conv pref.. * 3,100 ;7;^n 7,500 Birdsboro Steel Fdy Ac Mach * 75 100 Blauner's common.........* 45,950 1,400 Bliss 8c 8,400 17,000 Blue Ridge Corp com 2,100 7,200 $3 opt conv pref 4,300 19,500 Blumenthal (S) At Co 12,900 875 325 v; .•X .';:';v ,•••••);.; V.:.'• ■ Bliss (B W) Ac Co common...1 Laughlin Inc 1,300 2,700 1,700 5*4 Sale 12 1*4 Sale Sale 3*4 Sale U6*4 117*4 4*2 23 1*4 7*4 4*4 Sale 1*4 Sale 8*4 Sale Sale Sale m Sale 117% 2*4 7 2*4 Mar. 28 4*4 Mar. 30 Mar. 22 Mar. 29 1 1 7*4 Mar. 30 4*4 Mar. 26 6*4 Mar. Sale 10 11 Sale ii4*& 116" Sale 10 9*4 Sale 10 .....26 Bouriols Inc • Mar ,28 Mar .31 6 % 7*4. Sale 5*4 Sale" 1*4 37 38 5*4 Sale 2*4 3*4 37 15*4 17*4 15*4 10 10*4 4*4 10 lh 3*4 Sale 7*4 7*4 2*4 17*4 1*4 1 26*4 4*4 10 354 Sale 34 Sale 2 1 10*4 Sale Sale Mar Mar 22 29 754 Mar 4*4 Mar 30 26 10 51 Mar 31 4 Mar 30 63*4 Mar 5 6*4 Jan. 29 1 1 3 Sale 1*4 Mar 8*4 Mar 2*4 Mar 1*4 Mar. 14 Mar. 29 118 12 6 Mar 116 156 2,400 800 900 6,900 4,500 3,800 4,600 1,850 3,300 13,300 8,500 31,700 2d * .........100 100 preferred Brazilian Tr Lt Breeze At Pr ord Corp Brewster * .....1 Aeronautical 16,600 Bridgeport Machine 630 50 200 com * * ... Preferred.. 100 900 Bright Star Elec class B 2,800 3,200 6,900 3,900 1,700 1,700 350 1,200 60 60 300 400 Brill * Corp class A ...* Class B 7% I; • preferred..........100 Brillo Mfg Co common Class A. ' % 54 "i *2 "2" 12*4 Sale 6*4 Sale 1 25 Bridgeport Ga9 Light Co 25 6,400 Common 7% 1st pref 18 12 Mar Mar Mar Mar Mar Mar 16 26 9 Mar. Mar 26 11 Mar. 4*4 Mar 11 Mar 30 30 20 Mar. *4 Mar. 9*4 Mar. 30*4 Mar. 30 1 Mar. 18 34*4 Mar. 25 4*4 Mar. 26 1*4 Mar. 3 14*4 Mar % Mar Mar 9 J Mar 30 Mar jg* 23 33 Sale 3*4 11*4 6 ,?a 18 33 22 25 7*4 8*4 Sale 4 3 3*4 30 25 9*4 Sale Sale *4 34 3*4 Sale 1*4 2 8*4 Sale Jan. Jan. Jan. Jan. Jan. 24 12 1 4*4 Mar Mar 25 1*4 39*4 9*4 2*4 Mar. 14 10*4 Mar 23 16*4 Jan. 24 11 Mar. 9 10 Mar 11 3*4 Mar. 1 3 Mar 1 31 *4 Mar 23 154 Feb. 25 16*4 Feb. 24 34*4 Mar 25 1 1*4 Mar. Mar. 26 Mar. 8 16*4 Mar. 2*4 Mar. 2 Jan. 2 14 1 Mar. 31 9 3 3 3 2 *4 Mar. 23 *4 Sale "1*4 "2*4 1 Feb. 26 7*4 Mar. 30 7 7 7*4 Mar 7 30 4 Mar 29 2*4 Mar Mar. 11 Jan 1 *4 Jan Mar 13 17 12 8 9 4*4 Jan. 13 5*4 Sale Mar. 29 4 Feb. 3 23 "1*4 "> "*4 3h Sale 2*4 2 22 9*4 1*4 20*4 8*2 12 *4 h Sale 2*4 Mar. 30 1 30 6*4 Sale * Mar Mar. Mar. Mar. Mar. Mar. . 25*4 Mar. 22 5 *4 Mar 29 25*4 Mar. 22 10*4 Jan. 10 Mar. 19 81 28 88 Mar 56 2*4 *4 15*4 6*4 Feb Mar Mar Mar Mar 28*4 Mar 3 26 23 25 31 16 54 4*4 2*4 27*4 854 Jan. Jan. Jan. Jan. Feb. 26 11 13 10 25 28*4 Mar 16 1854 Mar 2054 Jan 29 19 21 Jan. 22*4 Mar 25*4 Feb 29 18 26*4 Jan. 28 25*4 9*4 88 *4 3*4 1*4 20*4 8*4 28*4 8 26 23 25 31 16 Mar. Mar. Mar. Mar. Mar. Mar. 3 1 16 11 17 16 19 Mar. 25 56 2*4 *4 15*4 0*4 28*4 Mar. 22 Mar. 1 5*4 Mar. 4h Mar. 25*4 Mar. 22 5*4 Mar. 29 81 30 12*4 Jan. 5 754 Jan. 12 5*4 Jan. 14 3§ 4*4 Sale 23 9*4 Sale 85 1*4 Sale 15*4 2*4 10*4 5*4 12 Mar 11 Mar Mar 12 9 Mar 1 8 12 Jan. Jan. 30*4 Mar Mar Mar 4 Mar Jan. 20 V. 7*4 Mar. 1*4 Mar. Mar. 25 Mar. Mar 37 *4 Mar. 10*4 Mar. 23 10 5*4 1 22 12 3 11 8 119*4 Feb. 10 Mar 15 6 Jan 7*4 Mar. 18*4 Mar. 29 30 Jan. Bowman BUtmore Hotels— .Xviifc.v-^V'r.:■■::■■: v-.'": Jan. 8*4 Jan. mJan. Jan. i4H Jan. Mar 116 Mar. Mar. Mar. 5*4 14*4 % *4 9*4 1 14*4 10*4 5 1 2*4 Mar ,28 4*4 Mar. 156 Mar ,28 164*4 Mar. 10 612 Sale §0 6*4 Mar 54 Sale" "1" Sale" 9*4 30*4 8*4 63*4 Mar. 5*4 Mar. 30 8*4 56 Sale "8k~ Sale' Mar. 4 6 20 Sale 2*4 7 ""% Sale Mar. 31 51 Sale 1*4 14*4 iiS 6 1*4 Sale * com...* Borne Scrymser Co 1 S com 600 Bohack (H C) Co common...* 300 7% 1st preferred.......100 150 600 9*4 4*4 51 10 800 Beaunlt Mills Inc a Sale ...100 20 200 6 "2*4 Sale" * com 1st preferred. 14*4 3*4 Sale 6*2 7 1*2 1*4 2*2 Sale 7** 10*4 6 y% Sale Mar. 21 Jan 19 British-American Oil Co.— 400 Coupon stock (bearer) * 20 * 20 20*4 <?,nu 20*4 20 Registered 20 21*4 21*4 16*4 16*4 26*4 26*4 27*4 27*4 26*4 26*4 27 27 23*4 Sale 1*4 1*4 18 18*4 1854 Mar . 29 British Amer Tobacco, Ltd— 700 3,900 200 Amer dep rets ord bear. £1 Amer dep rets ord reg_..£l 23 22*4 Mar. 29 23*4 Mar. 31 26 5 20*4 Jan. 21 27 Feb. 25 British Celanese Ltd— Am dep rets ord reg 10s 25 British Col Power class A..* 7,300 tBrown Co 6% pref 8,900 Brown Fence & Wire 2,250 5,200 400 500 1,500 7,400 4,800 17,800 100 650 3,900 700 14,500 100 1 com Class A preferred.. Brown Forman Distillery...1 2*4 Brown Rubber Co. com.....* 3 500 Bruce (E L) Co 5 700 Burco Inc 100 common ...* 600 Burma Corp. Amer dep rets 2,600 11,300 Burry Biscuit Corp—_12*4c 300 1,000 Cable Elec Prod Cables & 400 2,400 400 500 17,000 34,100 400 51,300 400 non-voting Canadian 35,600 3,600 3,700 80,200 7,000 6,100 50 13,500 1*4 2*4 2 1 Carib Syndicate coo conv Class B 25c A stk. .........._* Sale 2*4 9 3 254 4 Sale 9 37 H 22 22*4 Sale 10 39 Sale Sale 1*4 3 Sale 13*4 1*4 2*4 254 Sate 2*4 3 4*4 5*4 2*4 6*4 1*4 2*4 2 Sale 7 6 32 15*4 Mar. 18 5*4 Mar. 31 26*4 Mar. Mar. 14 18*4 Mar. 2 1*4 Mar. 28 2*4 Mar. 4*4 Mar. 4 1 8 2*4 Mar. 30 8 33 Mar. 18 Sale 90 10*4 Sale 10 1 Sale 2*4 2*4 Sale 2 54« Mar. 31 Mar. 30 54 Mar. 30 2*4 Mar. 29 14 5fc Mar. 19 21 22 4 1*1 Sale 10*4 Sale 1*4 Sale 14*4 3*4 19 21 3*4 20*4 1*4 Sale 22 23*4 4 354 4 3*4 1*4 Sale 9*4 10*4 1*4 Sale Carrier Corp common... * Carter (J W) Co common..!.1 Products * Casco Catalin Corp of Amer.... __1 28*4 Sale 6*4 Sale 11 Sale 17 23 2*4 2*4 18 2*4 Mar. 9 22 1 Sale 7*4 Sale % Mar. 29 7*4 Mar. 31 *| Mar. 29 Vs Sale 18 10*4 25 22 10 Mar 14 22 Jan. 8 18 3*4 Jan. 13 4*4 Feb. 23 1*4 Mar 2*4 Mar 9 90 10 Mar 4,100 300 600 4,800 6,900 725 510 100 70 7% 1st partlc pref..... 100 Corp com..... .15 * 1st preferred 4*4 Celluloid *4 Mar. 3*4 % Sale 65*4 Sale 18*4Saie" 4*4 7 2 5 10 16*4 Sale $7 div preferred Cent Hudson G & E * * com Sale 4*4 4*4 63*4 Sale 22*4 Sale 12 % Sale Mar. 17 2 8 23 Mar. 3*4 3*4 1*4 10*4 1*1 Mar. 7 Mar. 12 Mar. 1 Mar. 3 Mar. 2 3*4 Jan. Mar 3*1 % Jan 10*4 13 1,090 Cent N Y Pow 5% pref 6,500 Cent Ohio Steel Prod 2,500 225 100 1 700 Cent Pow 8c Lt 7% pref—100 89 89*4 6*4 Sale 78 80 85 Sale 7*4 8*4 76*4 79*4 15 Sale 11 % Mar 15 5 Jan. 12 20 19 Jan 31 6 18 22 Jan. 25 Mar 23 Feb. 23 2*4 Mar 18 2 17 4*4 Jan. 8 3*1 Jan. 26 1 *4 Jan. 4 10*4 Jan. f3 1*1 Jan. 10 Mar % Mar 29 7*4 Mar 31 *4 Jan 27 Feb 11 •#> 15,700 24,400 270 850 22,400 63,800 1,070 3,175 ""§25 425 150 4,800 Common Central 50c States Elec com.—1 7% preferred 100 6% pref without warr.. 100 Conv prefer red..... .100 Conv pref opt ser 1929..100 10,900 Centrifugal Pipe Corp * 154 2*4 *4 Sale 13 Sale 5*4 Sale 6*4 12*4 4*4 8*4 3*4 Sale 154 % 12*4 5*4 7 5 3*4 1*4 *4 14 6*4 9*4 7*4 Sale 15 Feb. 11 3*4 Jan. 4 21*4 Mar 11 154 Jan. 10 85 Jan. 18 Mar. 29 78 18*4 4*4 6*4 19*4 Mar. Mar. Mar. Mar. 29*4 Mar. 2 5*4 Mar. 7 10*4 Mar. 5 19*4 Mar. 25 2*4 Mar. 1 18*4 45s 6*4 19*4 70 Mar. 4*4 Mar. 1 63*4 Mar 28 Mar. 22 2 22 66 3 61 Mar Mar. Mar 24 69 14 31 26 29 25 Mar. 29 2 61 14 Sale 76 5*4 64 Sale Sale Sale Mar. 23 3*4 Feb 18 11 Mar 30 54 Mar 65*4 Mar 23 31 60 Mar 29 80 Mar Mar 31 26 32 1*4 Sale *6 Sale 1 6 3 3*4 4 3 ,4*4 10 Sale 2 Mar. 10 Jan. 4 29 Jan. 10 6*4 Jan. 3 15*4 Jan. 21 Mar 25 25 Mar 29 Mar 2 Jan. 8 3*4 Jan. 17 82 Jan. 14 4*4 Feb. 26 Jan. 12 Mar. 26 ?§* 64^ 6 Sale 15 12 12 15 3 Gent Ac Southwest Utll— ■J: Jan. Jan 3*4 Mar. 23 ""§ *4 Mar.'23 Mar. 30 21*4 Mar. 11 *4 Mar. 23 1*4 Mar. 1 65*4 Mar. 31 75*4 Mar. 2 18 635§ Mar. 28 140 Cent Maine Pow 7% pref..100 440 5 4 Mar § 16 Sale „ ....... 3 18 Jan. 10 1 *4 Mar. 5 Celanese Corp of Amer— 125 800 370 28 Jan. 22*4 Mar 100*4 Jan. Mar Feb. 39 7*4 Feb 34*4 Mar 18*4 Mar 60 2 14 2*4 Sale 25 Jan. 8 Jan ' 22 Sale 5*4 11*4 Jan. 31 3 14 *4, Mar. 15 Mar. 18 2*4 Mar. 18 20 5 19 Sale Sale 13*4 2854 33 18 Jan Mar 5 5 2*4 2*4 21 4*4 1*4 Sale 2 1^1!* 13*4 3*4 67" Sale" * Mar. 25 15*4 Mar 1*4 Mar. 5 2*4 Mar. 29 1*4 Mar. 30 *4 Mar. 18 37*4 Mar. 10 22*4 Mar. 5 98*4 Mar. 10 Mar. 31 Sale 2 Mar. 14 8 34*4 Mar. 30 18*4 *4 22 ...* ..... 150 Castle (A M) & Co....... ..10 26,400 Sale Sale 7 *4 ._...._* Marconi Co 400 Carolina P Ac L $7 pref 120 $6 preferred 50 _ Sale 4*4 2,000 Carnation Co common.....* 20,500 Carnegie Metals Co com.—1 150 54 90 14 £1 500 Capital City Products..—.* 200 9,500 21*4 Can Indus Alcohol cl A B 1*4 27 Wireless- dep rets pref sh 100 Carman 8c Co 900 6*4 39 900 Calamba Sugar Estate Co.20 525 Canadian Car & Fdy oref..25 275 1,000 14,300 Am Sale * t c v % 26 18 5 .._.* 1,900 Buckeye Pipe Line 50 8,400 Buff Niag & East Pow pref.25 $5 1st preferred ♦ 2,300 41,900 Bunker Hill & Sullivan._2.50 700 22" "25" 22*4 Mar. Mar 26 Mar. 31 Mar. 29 12*4 Mar. 11 10*4 Mar 31 23*4 Feb. 26 1254 Mar 11 79 Mar. 9 72*4 Mar 29 84 Mar. 31 85*4 Mar. 9 76 Mar 31 90 5*4 Mar 64 Mar 31 8*4 Jan. 12 77*4 Jan. 24 Mar. 31 Mar. 31 Mar. 26 % Mar. 30 Mar. 31 7 77 1 Mar. 15 Mar. 4 1*4. Mar. 56 Mar. 12*4 Mar. 6 Mar. 3 2 3 3 1 Mar 31 26 *4# Mar 30 Feb. Jan. 3 7 2*4 Jan. 8 *4 Jan. 12 3 Mar. 29 5 Mar. 11 3*4 Sale 3*4 Mar. 26 5*4 Sale 5*4 Mar. 26 Mar. 5 5 5 Mar. 7 3*4 Mar. 10 Mar 31 Jan. 14 3 Mar 26 6*4 Jan. 9 Mar. 26 6 Jan 21 9 12 21 15 Jan. Mar 29 7*4 Feb. 21 3*4 Mar 26 4 5*4 Mar 26 Mar 31 3 - Jan. 5 Chamberlin Metal Weather 1,100 700 For footnotes 2,100 1,100 Strip Co ...5 Charts Corp com...... .10 150 Cherry-Burrell Corp com...5 see page 53. Sale Sale Mar. 31 5 2054 Jan 26 8*4 Jan, 18 7*4 Feb. 21 21 Jan. 13 AGGREGATE NEW Since March Shares 252,600 5,900 Chesebrough Mfg. 21,700 2,400 40 160 700 3,150 4,525 22,000 1,100 2,400 62,600 400 1,250 7,600 500 1,000 12,900 , *400 1.200 ..if 40 Chicago Rivet & Machine...4 100 102 Sale Sale 100 Chicago Flexible Shaft Co..5 9 Chief Conaol Mining Co 1 100 Childa Co preferred Prefer rod 00^ 28 * 2 Sale 37 3 30 Sale 33 Sale 32 39 Preferred BB_. Cities Serv Pr & Lt $4 pref..* *7 preferred.... Clark Controller Co Claude Neon Lights -.1 ..1 com. 106 57 7* 4K Sale Sale Sale K Kb 20 K Sale $ 38 1 Sale IK 15 K 30 Sale Sale 23 IK Sale Sale % 2K 2 38 Ask 5K 34 4 • City Auto Stamping Co.. • City & Suburban Homes...10 Ask Bid 99 K 110 49 K Sale Bid 36 K 31 ...... common ..... Preferred B. 34 61K Sale 66 Sale 5 K Sale 2K 24 30 50 30 45 Sale 4 "16 K "26" IK Sale 18 IP "15" ~15~K 19 2 IK Sale 30K 4K 3K IK 30K Sale 3% IK 34 32 35K Sale 5K 6 2K 3K IK IK Highest Lowest Sale Prices Sale Prices Mar. 30 110 97 46K Mar. 26 5K Mar. 30 K Mar. 29 20K Mar. 31 2K Mar. 23 IK Mar. Mar. 30 Mar. 11 30 42K Mar. 19 68 Mar. 24 4 Mar. 26 1 Mar. 30 * 7 700 Cohn & Rosenberger com..* 6 Mar. 18 Mar. 26 19,000 1,800 9,300 3,000 35.900 Colon Development Co Ltd.. 7,300 6% convertible preferred£l 20,700 Colorado Fuel & Iron warr... 375 35,600 1,100 5% Conv preferred 71,300 Columbia Oil & Gas com 7,300 52,300 114,500 200 Club Aluminum Utensil com * Colt's Patent Flie Arms Mfg25 Columbia Gas 9c Elec Corp— 1,000 700 Sale Sale Sale 66 Sale [ Sale 3K IK Sale 3 k 3K 3% 4K 5K Sale 45 60 58 1 K 6/6 K K Sale K "2K Sale" Sale 4 V t t ext to 1946 3,500 7,700 Consolidated Biscuit Co 1 174,700 Consol Copper Mines.......5 8,900 Con Gas E L A P Bait com. • 180 550 5% preferred A 7,900 Consol Gas Utll com 1,900 1,100 5,050 Consol Mln K K 12 K 13 K Sale Sale 14 K 7,400 Cons Retail Stores Inc com 1 310 8% preferred ....100 2,800 Consol Royalty OH 10 3,900 10 1,100 11,900 26.400 Consol Steel Corp common. * 675 Cont'l G A E 7% pr pref 100 . 250 300 800 Continental Oil of Mexico..1 12,400 Cont Roll & Steel Fdy com • 3,200 200 500 Continental Secur 600 90 7,500 common 64 < K 200 100 Sale 3 81K 60 K 3K 82 K 70 80 75 Sale8 80 K K a 74 K K IK Sale K 7K 9K * Sale 2K 60 Sale Oourtaulda Ltd K Mar. 1 Kb Mar. 17 Mar. 29 18K Mar. 30 Kb Mar. 14 Mar. 30 11 Sale Sale Sale IK Mar. 25 Mar. 31 IK Mar. 30 Mar. 30 65* K 4K 70~ Sale Sale Sale "OK "7K 9K Mar. 23 72 K Mar. 24 4 K Mar. 23 8 3 K Mar. J* 22 IK 70 2 13 K 11 Mar. 25 Mar. 30 4K Sale Sale 4K Sale 6K 6 4K Mar. 28 IK 1 Sale 6 5 UK 10 65 Sale 50 70 62 Mar. 29 4K Mar. 29 55 Mar. 29 Mar. 25 1 5 K Mar. 29 Mar. 18 1 Jan. 3 234 Mar. 26 Mar. 1 Mar. 4 Mar. 26 Mar. 3 3034 Feb. 8 334 Mar. 29 234 Mar. 26 1 Mar. 30 Mar. 18 Jan. 7 Mar. 18 7 6K Mar. 26 6 3 K Mar. 1 3 k Mar. 17 334 Mar. 26 59 2 Mar. 15 55K Mar. Mar. 1 1 Kb Mar. K Mar. 24K Mar. 4 2 4 4 Feb. 23 Jan. 18 234 Jan. 24 20 Mar. 11 4 3534 634 334 134 Mar. 1 Feb. 23 Jan. 10 Jan. 8 10 Jan. 8 634 Jan. 29 Jan. 10 2 134 Mar. 30 Mar. 30 48 Mar. 30 60 234 Mar. 30 34 Jan. 34 Feb. 16 3 Mar. 31 Mar. 4 1 9K Mar. 2 543^ Mar. 14 7K 10k 5K 1934 55 Mar. 29 Mar. 1 2 10 K Mar. 4 34 Jan. 34 Jan. 13 18 18 28 Jan. 2234 Mar. 7 7 14 Mar. 30 Feb. 20 334 Jan. 3 334 Mar. 30 Feb. 17 Jan. 12 17 19 11 Mar. 5 Mar. 2 Mar. 1 Mar. 24 Mar. 11 4 Jan. 14 K Mar. 1K 4K 74K K OK Jan. 4K Jan. 3 1 Mar. 29 12 Feb. 23 61 1834 Mar. 30 Kb Mar. 14 3K Mar. Feb. 734 Jan. 45 22K Mar. 7 K Mar. 15 75 3 6 Jan. 17 334 Feb. 23 3 34 Mar. 28 5K Mar. 7 y Mar. 1 Mar. 8 Mar. 18 19 Mar. 22 15 17 18 Mar. 2 20K Name chan ged to Avia tion & Transp ortation Corp. 2 Sale 2K Mar. 5 IK Mar. 29 2K 2K 7k 16 Mar. 11 1 4K Mar. 9 5 K Mar. 1 63 K Mar. 10 114K Mar. 2 114 K Mar. 2 K Mar. 18 % Mar. 3 Mar. 4 48K 50K Mar. 29 61 Sale Jan. 2 12 10 24 72 Mar. 24 2J4 Mar. 18 3 K Mar 29 3 K Mar. 30 55 Mar. 31 14 ....... .... K Mar. 30 4M 6K 4 Sale . Mar. 30 2 Sale 75 IK 4 K Sale 6K 2K oVA IK 3K 46K 62 6H 100 Sale 57 54 4K 19 .... 1.200 3 K 55 $4 preferred..............* . 31,300 3 K Sale 63 68 6,600 Copper Range Co... 1,000 Copperweld Steel com.....10 Cord Corp 7.200 Gorroon & Reynolds.... ...I S6 Conv pref A. 600 ...1 53,800 Cosden Petroleum com 5% preferred............50 3,600 2,800 Sale 5K Sale 19,600 Cooper Bessemer Corp com.. * $3 prior preferred.... 600 ._* 400 2,000 ~ Sale 11 Sale 4 "9" ~l6" 900 Cook Paint & Yarnlsh Co.. 90 3K 4K K K K KB 1 5 3 k Mar. 26 Mar. 30 45 16 Sale 19 100 & Smelt Ltd 3K Mar. 28 K Sale Kb K Sale % Compp Shoe Machlnerv— 1,700 2,200 68,400 3,300 Sale Sale Sale Sale 48 55H S&le 100 Commonwealth & Sou Corp— Warrants 1,100 Commonwealths Dlstrlbut..l 2,175 Community P & L 1st pref..* Community Public Service— Common 3,200 ...........25 3,600 Community Water Serv .....1 425 2K 3 K 5 Sale 1 Feb. 8 4 35K 5K 2K IK 39 25 3 5K Mar. 3K Mar. Mar. 18 %Jan. Feb. Mar. 30 26 29 IK Mar., 3 Feb. 934 Jan. Feb. 20 4 57 4034 Feb. 23 334 Jan. 8 3234 Feb. 23 67 Feb. 23 Mar. Mar. Mar. 63 16 2K Mar. 26 Mar. 23 Mar. 28 Mar. 18 3 K Mar. 29 1 2134 Mar. 30 2 IK Mar. 31 2K Mar. 26 16 750 Cockshutt Plow Co Ltd 10,900 Jan. 3 534 Mar. 30 34 Mar. 29 2034 Mar. 31 2K Mar. 20 57 Sale Prices Mar. 30 110 Mar. 7 40 34 K Mar. Mar. 28 1 100 I 97 Mar. Mar. 8K Mar. K Mar. 37 K Mar. 2 200 6,000 57 21K Mar. 30 32 Sale Z\ Highest Lowest Sale Prices 2K Mar. 18 Clayton & Lambert Mfg Co.* 2,650 Cleveland BlecIlium com...* • 9,800 Cleveland Tractor com.l 700 Clinchfleld Coal com ...100 2.500 Ask Bid Mar. 31 Mar. 1 1938 414,400 Cities Service 900 Jan. 3 Par STOCKS (Continued) 1,100 8,750 3,800 5,100 6,225 4,000 1,800 1,300 2,175 EXCHANGE CURB 1 Price YORK Jan. 1 Shares 050 RANGE SINCE JAN. PRICES IN MARCH SALES In 43 EXCHANGE CURB YORK NEW April, 1938] 1 Mar. 31 Jan. 11334 Jan. 17 K Mar. 18 5034 Mar. 29 Jan. 5 6434 Jan. 16 334 8134 134 534 Jan. Jan. Jan. Jan. 15 80 Jan. 55 234 Mar. 25 75 Mar. 31 134 Mar. 30 234 Mar. 30 72 Mar. 23 34 434 3 34 OK 53 Mar. 24 Mar. 23 Mar. 8 Mar. 25 Mar. 30 434 Mar. 28 14 Mar. 29 4 34 Mar. 29 19 Mar. 22 134 Mar. 29 55 Mar. 29 Mar. 25 1 534 Mar. 29 Jan. 4 7 12 20 8 10 Feb. 2 34 J an. 834 Jan. 4 934 Jan. 12 5434 Mar. 14 934 1734 734 2234 Jan. 17 Feb. 18 Jan. 10 Jan. 13 334 Jan. 12 J an• 11 234 Jan. 1334 Jan. 10 10 Jan. 12 72 £» 12 Am dep rets for ord stk re<« Jan. 12 12 Cramp (Wm) 8c Sons Ship & 300 Engine Bldg Corp 1,600 100 79,600 Creole Petroleum com 5 16,700 Crocker Wheeler R!lec Mfg..* 28,600 Croft (The) Brewing Co 2,300 Crowley Mtlner 8c Co com...* 7,500 Crown Cent Petrol (Md)_.. 24,800 7,600 15,300 .... 100 5,700 1,400 9,500 2.100 Crown Cork Internet cl A. 19,600 150 225 Crown Drug 25c common Preferred.. K 23 K 6K % 3K 4 K 9K 1K 450 mm 6% preferred 1,800 Cuban Tobacco 700 /■ 100 — ^ — ■: 200 950 1,500 50 700 2,400 1,300 20,200 3,600 6,400 12,900 600 7,200 1,100 2,600 4,000 125 16 1 6 9] 71 2 3 7 Mar. 23 IK Sale 1 Mar. 26 Mar. 16 16 •8K Mar. 30 Mar. 16 3 4 26K 2K 3K 27 25 35 2 K Mar. 30 20K Mar. 28 2 k Mar. 10 Mar. 26 27 Mar. 17 106 Mar. 17 12 K 7K 12 K nSK 20 10 K 21K OK Sale 9K 14 5 K Sale 18 K 10K 3 k 4 8 15K Sale Sale 7 Sale 6 Kb Mar. 5K Mar. 31 12 K Mar. 24 5K Mar. 31 7 k Mar. 16 1354 Mar. 3 20 Kb Mar. 3 Mar. 25 J 1034 Mar. 21K Mar. 1 Mar. 1 1 5* Jan. Mar. 16 Mar. 34 Jan. ii* 134 1034 334 2934 Jan. 234 Mar. 2634 Mar. Jan. 106 934 Feb. Kb Jan. 10 if* if* 12 1034 Feb. 21 1 102 Jan. 5 334 Mar. 834 Mar. Jan. Feb. Feb. 12 15 26 Jan. 28 Jan. 7 26 Mar. 17 Feb. 8 Jan. 34 Jan. Mar. 31 Jan. 28 Mar. 31 3 0 834 Jan. 1334 Mar. 3 1034 Jan. 21 Feb. 22 23 Sale Sale 3K .... ... Detroit Gasket 9c Mfg Co...l 6% preferred w w ...20 1 1 Detroit Paper Products..... 1 Steel Products Detroit 5,925 Mar. 14 Mar. 25 30 3 Mar. 1 Jan. 334 Mar. 25 Mar. 2 Mar. 54 Mar. 4 4534 Mar. 29 58 OK Mar. 3i 10K Mar. 25 IK Mar. 29 634 Mar. 31 1034 Mar. 25 134 Mar. 29 14 Jan. 10 8 2 Jan. 12 334 Jan. 834 Jan. 12 14 K Mar. 30 3 Mar. 29 8K Mar. 10 8 134 Mar. 1 334 Mar. 11 334 Mar. i 2034 Mar. 16 1534 Mar. 23 434 Mar. 19 22?^ Mar. 23 2K Mar. 30 9K Mar. 17 9K Mar. 30 2434 3 34 1034 1334 3K Mar. 25 25 100 Detroit Gray Iron Fdry com Detroit Mich Stove Co.. Kb Mar. Kb Sale ■ Kb Sale 134 Feb. 14 2734 Jan. 12 834 Jan. 11 Jan. 10 Jan. 15 34 Mar. 1734 Mar. 334 Mar. 45K Mar. 29 common.. 325 Diamond Shoe Corp com.... Distilled Liquors Corp... 5 5,725 4K 32 Sale 7 Hosiery........ 30 Dennison Mfg 7% pref 13,700 Derby Oil 8c Ref com $4 cum preferred 250 6,300 3 Mar. Mar. Mar. 4K Mar. 1 1034 Mar. 11 ik Mar. 5 105 5 Class A 2,900 Dejays Stores Inc 20 11 10 Kb Sale 35 700 llavenoort Mar. 23 3 K Mar. 18 Mar. 12 5 50c 10,000 Dayton Rubber Mfg 350 31 k 2534 6K K 7 3 K 26 K 8,900 Darby Petrol Corp 2,600 26 31 28 ..10 com v t c..." 178,100 Cusl Mexicana Mining 2,700 3 Mar. Mar. Mar. Mar. 16 300 Cuneo Press com .....1. 6)4% preferred..... 350 100 200 Curtis Mfg Co .Mo) — 95,800 K 17K 3 K Kb Sale ' 200 k k 17 k Sale 4 k Sale Kb Sale 3 3 k 3 k Sale 7 k 8k ik Sale 1 Sale 6k 6k K Kb 3 K 3K 4 K Sale K 25^ 25 .... 1,700 Crystal Oil Ref Corp com...* m m, — *"- «• K Sale Sale Ke 3K 4JHs 11 Sale 8 13 K IK 2K 2K 15 K 9K 14 IK Sale Sale Sale 9K 9 8k ok Sale 8k 10k ik Sale 10 Sale Sale 2 K 3 3 K Sale 21 22 K 12 k ik Sale 2 ik Sale 15 14 2 13 k 3 9k 9 2 Sale Mar. 26 1K Mar. 30 Mar. 30 6 Mar. 19 13 34 Mar. 2 12 25 14 25 Mar. 26 134 Mar. 30 734 Jan. 17 Jan. 28 334 Jan. 7 17 40 Feb. 934 Jan. 11 Mar. 30 Feb. 3 Mar. 29 22 2234 234 934 934 67 Mar. Mar. Mar. Mar. Jan. 23 30 17 30 2434 Feb. 28 334 Jan. 18 14 67 Mar. 17 Mar. 31 63 14 14 3 Feb. 23 Jan. 16 9 ! 18 Jan. 8 Distillers Co Ltd— 200 400 1.400 3 3K 800 Dobeckmun Co common....1 < 10 Dominion Steel & Coal B..25 15 12 K Sale 4,100 20 Dominion Textile Co Douglas 75 190 800 50 5.800 800 100 24K £1 6,800 Divco-Twln Truck Co com.-l 400 2,700 Am dep rets ord reg 25,150 com 10K 14 14 k 3 L) Shoe Co— 7% preferred...........100 15 K 16 K 14"" 18" 17 Driver Harris Co common..10 50 Mar. Mar. Mar. 7 2 8 3 1 100 "18" "26" 108 "in '"Ik 64 Sale Sale 8,000 Duro-Test Corp common... 1 8,600 Duval Texas Sulphur ...* OK Sale 7K Sale 23,800 4,500 2,100 10 78,500 Eagle Plcher Lead Co 9,700 Eastern Gas 8c Fuel Assoc..* 6% preferred..........100 4,750 4H% prior preferred 100 1,975 1,025 Eastern Malleable Iron Co.25 8% 2 K Sale Sale 11 Sale 28 27 49 50 K 12 K K OK 8K 2K 49 8 K I" 52 2 Sale 59 K K 4 K Sale OK 7K OK 9K Sale : 7K Sale 2 Sale 29 K 50 20 K 43 K Sale Sale 10 K 6K Sale 3K Mar. 14 12 58 Mar. 14 47 17 Mar. 11 13 Jan. 24 1534 Jan. 4 14 Jan. 17 Feb. 21 22 1134 Mar. 28 47 15 108 Sale 3,900 2,500 IK UK Sale 2 61 Mar. 17 Mar. 31 11K Mar. 28 12 "47" Sale" 7% preferred...........100 8,800 Dublller Cond Corp com .« 2,800 Duke Power Co 9k 19 280 Draper Corp...............* 1,800 n 10 Mar. (W K 325 7 9k 22K 2k * 300 Durham Hosiery cl B com...* 625 22K 2k 25K 3k 11K Mar. 4 1 Mar. 1 54 Mar. 1 1 110 Mar. 2 Mar. 26 Mar. 29 61 K K Mar. 23 3 K Mar. 30 634 73^ Mar. 29 7 Mar. Mar. 29 2 Mar. 23 2 Mar. 8 934 Mar. 1 108 1 Mar. Mar. 1 Mar. 34 Jan. 334 Mar. 734 Mar. 54 7 Jan. 2034 Jan. 15 1 110 Mar. 4 26 2 29 65 27 30 29 Mar. 29 Mar. 29 Feb. 28 Jan. 3 34 Mar. 23 634 Jan. 7 934 Feb. 1 1334 Jan. 12 Mar. 29 2 29 Mar. Mar. 2 20K Mar. 31 3 2034 Mar. 31 31 Mar. 29 50 Mar. 2 43 Mar. 29 51 Jan. 11 13 10 OK Mar. 31 8 634 Mar. 31 11 Jan. 12 43 Mar. 18 2 3 34 Jan. Jan. NEW YORK EXCHANGE CURB RANGE SINCE JAN. PRICES IN MARCH NEW YORK* CURB EXCHANGE II. 1: 11; STOCKS (Continued) Par Sastern States Corp com. * it: XS: 29, "k Ask Edisoo Bros Stores Elsler Electric '"1% "I" 12 Sale 2K Sale 13 Sale 10 K Sale Sale 1 „ Electric Bond Ac Share......5 56 .1 Electric Pow & Lt 2d 50 Sale 3K 3K 1 Class A Sale 47 K * 3M Sale * 29 * pf A 3K 3K IK Sale 70 73 Option warrants... I: " ~l3jK IK IK 7K Sale 1 $6 preferred $5 preferred Electric Power Associates 4K Sale Sale Sale Sale 42 K 36 2K Sale 2 15 K Sale 2K 2K IK Sale Btectrographic Corp t 2 1 4 62 11 9 Electrol Inc 1 com 1 v t c 38 Evans Wallower Lead st 7% preferred Ex-Cell-O Corp 1§: Fatrchlld Aviation com... 1 Falstaf f Brewing 8, 12, Flat Amer dep rets Fldelio Brewery ..........1 I: 37: it: 1, 24, Fanny Farmer Candy com Fire Assoc of Phila 10 27" 30 8 10 31 28 Sale 10 3K 6K 20 5 6K (Peter) Brewing Co.—5 Franklin Rayon Corp com 1 Sale Prices K Mar. 30 Mar. 29 Mar. 30 2K Mar. 31 13 Mar. 17 13 10K Mar. 31 K Mar. 30 IK Mar. 5 20K Mar. 5 19 K Mar. 7 3K Mar. 15 Mar. 17 13 12K Mar. IK Mar. 3K 7 21 a 5% 7K 48 iOK TlK Sale 11K Sale 26 K 30 K 12 10 IK Sale 28 40 28 32 K 35 K 36 35 25 25 K 24 19 K Sale 6K Sale 8M Sale Sale 26 K 19 9K Sale 2K 7K 20 K 4K 6K 3K 7K 20 K 5 7 I^Jan. Jan. 26i Mar. 30 2 2k Mar. 31 Jan. 13 26 Jan. 4* 14 20K 6 ~2U4 17K % Sale 54 55 Sale Sale Sale 15K 16 5K 5H 2 2 y2 6K 3 K 9 4K 21 Sale Feb. 1 Jan. 16K & K 58 Sale 7 8 Mar. 10 jkan. Mar. Mar. 42 Mar. 30 58 JaS, 12 4 36 55K Jan. 14 Mar. 2 Mar. 30 Mar. 30 4 Jan. Mar. Mar. 2 Mar. 29 4 Jan. 35 Jan. Mar. 29 2 15K Mar. 31 2K Mar. 29 IK Mar. 31 15k 2k IK 68 Mar. 2 Mar. Mar. 23 70 Mar. Mar. Mar. Mar. 5K Mar. 8 10K Mar. 29 68 1 1 % Mar. c22K Mar. 19K Mar. 50 K Mar. 35K Mar. 52 45 Mar. Mar. Jan. Mar 4 Feb. 19 Feb. 21 Feb. 19 32 20K Mar. 26 10K Mar. 2 K Mar. 1 11K Mar. 1 26 Mar. 15 Mar. 30 4 4K Mar. 30 14 52 Jan. 28 28 6K Mar. 28 16K Mar. 31 5 Jan. 6 50 Mar. Mar. Mar. 26 15 27 Jan. 26 Jan. 27 Feb. 28 28 43 Mar. 30 Jan. 13 44 2 Jan. 2, 75*2 Jan. 24 46K Mar. 8 5 13 13 14 11 Mar. 30 Jan. 26 1 Mar. Sale 11 10 Mar. 8K 31 „ 19k Mar. 11 31k Jan. 10 9 28 Mar. 31 31 29 Mar. 17 41K Mar. 19 K Mar. 6K Mar. K Mar. 7K Mar. 22K Mar. % Mar. , K Mar. 11 Mar. Mar. Mar. Feb. 4 33 4 % Mar. 17 h Mar. 2 2 12K Mar. 2 7K Mar. 3K Mar. 4 8K Mar. 4 18 k Mar. 16 ; 5K Mar. 16 6K Mar. 3 19k Mar. 6k Mar. k Mar. 7k Mar. 22k Mar. 31 31 31 25 30 Mar. 7 52 48 15"'Mar.'29 21K"Mar." 4 14K Mar. 10 H Mar. 9 55k Mar. 2 49K Feb. 21 22 Feb. 16 10 K Feb. 25 % Jan. 11 13 Jan. 15 31 Jan. 8 ~ Mar. 31 8 Mar. 30 2 Mar. 6K Mar. 16K Mar. Jan. Jan. Jan. Jan. 11 8 7 10 4 4 26 17 8 31 18 10 12 K K UK 13K 20 K Jan. Mar. 6K Jan. 8K Jan. 4k Mar. Jan. 32 15 Mar. 23 Jan. Jan. Sale Sale 11K Mar. 29 K Mar. 12 Sale 40 Sale 4K Mar . 31 48K Mar. 29 Mar. 1 4k Mar. 63K Mar. 4 Mar. 60 K Jan. Jan. 7 Mar 63 26 40 Mar. 2 Mar. 41 Jan. 17K Mar. 4 18? Jan. 38 39 K 28 K 17 K 18 18 18K 14 K 5 K Sale IK 2K 7K 8K 4K Sale Sale Sale 15 K Sale 4K Sale IK 2K 7K 8K 2 K 3 Mar. 31 Mar. 28 14K Mar. 31 Mar. 24 15 4K Mar. 17 IK Mar. 18 7K Mar. 28 7 16 Mar. 24 Mar. 29 4K Mar. 1 6K Mar. 30 14K Mar. 31 5K Mar. 30 6K Mar. 7 7K Mar. 15K Mar. 4 3 8 Mar. 5 7 Mar. Mar. 3 UH W* Mar Jan. Mar. UH Mar. Mar. 18 5K Mar. 1 IK Mar. 14 8 UK Mar. k Jan. 40 13 3K Jan. 8K Mar Mar. 11 4 4 Jan. 31 IK Feb. 19 11K K 4K 19 14 13 50 3K 3K 29K 3K 40 14K 56 K JnT"18 Jan. 14 56 4K Mar. 31 Mar. 30 Mar. 30 Mar. 30 Sale 15"" Sale" _ 10k Mar. 31 k Mar. 30 4k Mar. 31 2 8 18 18 36 2 4 2K Sale 6K Sale 16 K Sale 4 4K 4K Sale Mar. 29 K Mar. 30 42 K Sale K 7K 12 K 14 13 32 36 15 K * 9K Sale 43 Sale 5) 48K 45K 43 K n Florida Power Ac Lt 87 pref..* Ford Motor of Canada cl A * Class B Sale 44 37 5K Ford Motor Co, Ltd, Amer dep rcts.-Ord reg £1 Ford of France Am dep rets.. 35 36 38) 36) 32 28 28 Fisk Rubber Corp common 1 Preferred 100 Fox 3, 10K 12 IK IK x22K Sale 49 K 50 K 16 IK * ..100 3 1 1 Fan steel Metallurgical Corp* Fedders Mfg Co common.. 5 Fed Compress 8c W'house..25 Ferro Enamel Corp com 1 1 11 Elgin National Watch Co.. 15 Empire Diet Elec 6% pref. 100 Empire O 8c F 7% pref 100 8% preferred 100 6% preferred .......100 6^ % preferred.........100 Empire Pow Corp part stk * Emsco Derrick 8c Eauip Co.5 Equity Corp common.....10c Esquire-Coronet..... 1 Eureka Pipe Line 50 European Elec Co of Can— Option warrants.... Highest Sale Prices 10 67 K 40 $4 participating pref.....* i Lowest Sale Prices 4 Electric Shareholdings com S6 Con* pref with warr Electric Shovel Coal Co— Highest Sale Prices 14 13~ 2 com ya Sale IK * com .... Lowest Ask Ask Bid Bid IK IK 17 preferred series A.. 16 preferred series B * Easy Washing Mach class B„* Economy Groc Stores 2, Bid Mar. 31 Mar. 1 1938 . are 1 Price Jan. 3 Mar. 15 15 4 14 17 Feb. 24 xl8 4k Mar. 17 ik Mar. 18 7k jan. 25 3 Mar. 29 5K Jan. 6k 14 K 5k 6k Mar. 30 Jan. 3 Mar. 30 Mar. 7 13 2 Jan. 26 8 Mar 5 Jan. 24 17 8K Jan. 16K Jan. 17 18 Froedtert Grain & Malting 1, I: 1 Common Conv pref ..15 Pruehauf Trailer Co 1 Fuller (Geo A) Co com... 8 10 8K 75 K General Alloys Co * General Elec Co of Great Brit American dep receipts £1 9M Sale IK 2 Gen Flreprooflng com * Gen Investment Co 1 18K 19 K 11K Sale K Sale * 48 com.. 1 Warrants $3 conv preferred * ... 18 Mar. 8 18 7 8 18 Mar. 8 32 28 Mar. 7 30K Mar. 16 28 Mar. 7 30K Mar. 16 Jan. 13 87 Jan. 27 9K Jan. 4 80K Feb. 21 2K Jan. 10 8 7K 18 JK Sale 14 17 Sale 9K K 45 65 65 30 IK Sale IK 12 K Sale Sale X»2 Ke J32 Ks ilH M Sale "2 K "lK Sale" 18 48 65 Ki General Rayon A stock....* General Telephone Corp...20 17 11 7 18 6 Gen Outdoor Adv 6% pref. 100 General Pub Serv $6 pref * 13 Jan. 18 Mar. 7 Mar. 8 10 * $6 Preferred 10 15K 7 14 K Sale 5K Sale 6K 24 ...100 5% preferred i; 8K 16 K 8K 86 preferred conv Gamewell Co $6 conv pref.. Gatineau Power Co com i 7K 1 * * $3 $4 Conv pref.. 10, 6K 7K 14 K Sale 8K 9K 50 44 50 1 IK Sale 9 5K 27 K 30 K ^IKMar^i 2 Mar. 2 16K Mar. 18 18 Mar. 4 16k Mar. 18 Mar. 30 14 9 K Mar. Mar. 29 35 40 Sale 50 Mar. 1 K Mar. 4 7 Mar. 29 '32 Mar. 26 l«2 Mar. 26 '36" Mar."29 4l"""Mar."3 %, Sale 8K Mar. 29 7k Mar. 31 75k Jan. 3 ik Mar. 28 50 77 41 7K Mar. 31 IK Mar. 3 8K Mar. 30 40 Mar. 30 44 Mar. 16 Mar. 31 5K Mar. 15 26K Mar. 22 85 Mar. 18 28K Mar. IK Mar. 12K Mar. 3 2 Mar. 30 9 % Mar. 4 19K Jan. 19 Mar 1 K Jan 50 Mar 29 14 3 Mar. 29 132 Jan. 5 65 Feb. 4 Jan. 5 70 Jan. Mar. 29 47 Jan. 13 14 50 30 1k Mar. 3 8k Mar. 30 40 Mar. 30 77 Mar. 31 1 K Jan. 7 14 Jan. 10 44 Mar 16 88 Jan 12 Gen Tire & Rubber— 6% preferred A .....100 Gen Water Gas & Elec 2 2 com. $3 preferred Georgia Power 86 pref Gilbert (A C) Co com . 1 * Gilchrist 1 8 23 2 * ... 2, 12, 1, Co... * Glen Alden Coal Co Godchaux Sugars class A 27 * Class B 12 87 preferred .....* Gold field Consol Mines 1 Gorham Inc class A com.. * * .... V t c agreement extended.* Grand National Films Inc 1 Grand Rapids Varnish Corp * Gray Tel Pay Station com.. 10 Gt Atl Ac Pac Tea 1st pref.100 10, i: Grocery Stores ProdCommon 25c Guardian Investors common 1 42, Gulf Oil Corp Gulf States Utll 86 pref.. 25 * 85.50 preferred......... 28 K 15 Hall (C M) Lamp Co Haloid Co i: 14, Harvard . • 5 Brewing Co 1 Hat Corp of Am cl B com 1 Haseltlne Corp * Hearn Dept Stores common.5 6% preferred 44, ... Hecla Mining Co Helena Rubensteln Inc.. Class A Heller (W E) & Co common 7% 2 1 cum pref 2 30 50 25c * * 2 . E) Co class A Hoe(R) & Co class A Holllnger Consol G M 53. 6K Sale 5K 4 K 34 5 Sale 5K 43 K 5K 35 77 Mar. 30 60 4K Mar. 25 38 Mar. 22 5K Mar. 15 7 Mar. 3 6K Mar. 9 66 39 Mar. 1 6 4K Sale 41 17 15 26 Sale Sale 10 17 20 K Sale 9K 4K 5K 119K 120 K 8 46 30K 5K Sale 32K 6 2 K 2 18K 18K 2 5k Jan. 19 26k Mar. 22 60 Mar. 30 4k Mar. 25 38 Mar. 22 Feb. 6 26 5K Mar 28 K Mar 76 Jan. 15 7 4 6K Jan. 10 Feb. 17 6K Jan* 28 14 41 15K Sale K 8 , 5K 123 46 14 K Sale 19 Ke 5K 3K 119 K 8K Sale 125 Sale 30 28 6K 2K 3K 2K 37 K Sale1* 40 K K 6K 3 Sale Sale 2K 16 K Sale Sale Sale Sale Sale 39 Sale 25 27 4K Sale IK 6 Mar. 2 35 Mar. 4 26 Mar. 31 35 Jan. 27 10 Mar. 31 Mar. 31 17 7 2 10 90 17 K Feb. 93 Jan. 23 91 Mar. Mar. Mar. 31 Mar. 22 % Jan. 2K Feb. 19K Jan. 17 1 3 4K Mar. 31 26 Sale K Mar. 19 Mar. 18 2 2K Sale 9K 11 52 56 IK Sale 1 IK 1 IK 4K 4K 14K 15K 6 28 8K 3K 6K 6K 7 34 Sale 5K 8 7K 8 2 16k Feb. 1 Mar. 1 13 k Mar. % Mar. 9 19 36 Mar. Mar. Mar. Mar. 7K Mar. 17 5K Mar. 1 124 Mar. Mar. 17 47K Mar. 29K Mar. 6K Mar. 26 K Maf. 4K Mar. K Mar. 29 K Mar. 1 33 84 Mar. 31 Mar. 3 Mar. 3 4 5 9 2K Mar. K Mar. 40K Mar. 4 1 1 88 Mar. 9 80 Mar. 3 2 K 5K 3K 119K 36 7 37 8K 5 12 K 11K 13 K 2K 10K 3K UK 56 60 IK IK K 1 r K Sale 4K ' 4K 15 K 16 K 5K 6 26 K 34 8K Sale 3K 4 6K 8 5K 8 7K Sale 35 39 "IlK 13K Jan. 13 7K Feb. 23 33 K Mar. 29 % Feb. 8 81 72 Mar. 31 Jan. 5 Feb. 27 17 3 Jan. % Jan. 8 12 42 K Feb. 21 88 Mar 9 80 Jan. 15 9 * 10 Mar. 33 6K Jan. 20K Jan. 5 1K Jan. 6 9K Jan. 7 6K Jan. 12 124 K Feb. 28 49 K Jan. 15 Mai. Mar. Mar. Feb. 26K Mar. 4K Mar. IK Sale Q 48 K IK K K 3 13 K 19 50 Sale Sale Sale 4 5K Sale Sale 29 K Sale Sale 6K Sale 5K 7- 4K 20 6% 2K 5 Mar. 2k Mar. 11k Mar. 9 9 8 9 Mar. 28 12 Jan. 58 Mar. 58 k Mar. 8 58 Jan. 11 IK Mar. K Mar. K Mar. '3K Mar. 13K Mar. 4K Mar. 30 Mqr. 6K Mar. 2K Mar. 6K Mar. 5K Mar. ik Mar. 8 Mar. 2 ik k k 3k 13 k 4k 30 Mar. Mar. Mar. Mar. Mar Mar. 26 22 28 12 29 29 58K 1K IK 1K Mar. 8 Jan. 12 Jan. 10 Jan. 11 Jan. 10 6k 2k 6K 5k 18 Mar. 30 Mar. 23 Mar. 8 Mar. 19 10K Jan. Mar. 17 Mar. 30 20K Feb. 23 Mar. 31 37 K Feb. 28 Mar. 21 42 IK Mar. Mar. 1 4K Mar. 16k Mar. 5k Mar. 2 Mar. 7 30 9 2 2 Mar. 21 3k Mar. 6k Mar. 8 8 5k Mar. 25 ik Mar. 28 18 6K 33 K Mar. 22 k Jan. 4 Feb. 13 K Mar. 80 6k Mar. 18 18K Mar. K 5K 3K 119K 4k Mar. 31 % Mar. 12 2 16K Mar. 29 Sale 33^ Sale'8 .25 w w Hewitt Rubber Corp com...5 Heyden Chemical Co 10 Hires (Chas 6K Sale 5K 30 * Hartford Electric Light 25 Hartford Rayon com v t c..l Hartman Tobacco com. no par i' " 5K 39 4 K 25 K 60 K K 2K 3 19 K Sale Gypsum Lime & Alabastine. * i: 8 90 * Non-voting common stock * Great Northern Paper Co..25 Greenfield Tap 8c Die com * I; Sale 43 K 6 7H 5K 5K 6K 38 K 83 preferred.. Gorham Mfg Co— 88 8 32 * Preferred 32 4K 28 14 Mar. 20 6 Mar. 8 Mar. 4 6 37 Mar. 7 27 40 27 Sale 27 Mar. 41K 5K 11K Sale Sale Sale 40 Mar. 5K Mar. 11K Mar. Mar. 11 Mar. 15 9k Mar. 8 *13 k Mar. 3 42 5K Mar. 29 11k Mar. 18 3K Jan. 11 17 Jan. 18 16 H Feb. 26 6 __ 9 Jan. 11 30 Jan. 10 11 7 Jan. 8 7K Jan. 6K Feb. 27 8 Jan. 8 _ 7 Mar. 15 12 K Jan. 14K Jan. 10 28 NEW April, 1938] AGGREGATE NEW YORK Jan. 3 Jan. 1 Shares 800 100 Ask 14 54 9 Bid 12 1,200 Holophane Co Inc common.* 100 Holt (H) & Co class A • 554 STOCKS {Continue' Par Hormel (Geo A) & Co com.*.* ""loo 700 Horn (A CD Co common * 170 600 30,900 14,800 6.300 *"*600 550 """500 7,300 1,350 3,300 5,200 4,100 1,200 5% preferred ..100 1,200 Hubbell (Harvey) Inc......5 107,700 45,300 12,300 Hud Bay Mln Ac Smalt.... ,_.* Humble Oil & Refining... Corp. Us * Hussman-Llgonier Co.... ""900 tHuyler'e of Del com..... "l 800 7% preferred stamped.. too 100 50 7% pref unstamped * 700 Hydro-Elec Secur com 11,700 Hygrade Food Prod.. .... 1-5 Hy grade Sylvanla Corp... 3,500 9,400 12,700 8,700 3,050 Illinois Iowa Power Co * 50 Preferred Dlv arrearctfs.. ...... —* Illinois Zinc Co.— 50 Illuminating Shares Co A...* 600 13,700 1,400 1,360 31,100 2,800 3,500 2,230 3,600 1,480 510 50 225 100 400 400 1,000 900 1,400 330 Sale 630 554 1554 9 5"" Sale 23 Ask 954 554 3] 22] Sale 9 Imperial Tobacco Co of Can. ft Imp Tob of Gt Brit Ac Irel £1 Indiana Pipe Line 10 1154 9X 2254 Sale 65 K Sale 5 54 654 1254 16 % Sale 654 8 654 12 454 Sale 154 Sale ~9V» "1054 28 X 68 54 Sale Sale pfd 100 7% preferred ..100 P Ac L 654% pf-100 Highest Sale Prices 954 Mar. 31 554 Mar. 7 1254 Mar. 25 554 Mar. 7 Mar."31 2454 Mar. 7 .0054 Mar. 18 56 Sale 5 3 Sale 11 7 14 Sale 5 54 10 6 12 8 Mar. 12 Mar. 29 " Feb."! Mar. 25 56 Mar. 31 Mar. 8 2854 Mar. 6854 Mar. 554 Mar. 1 l 7 54 Mar. 3 Mar. 7 10 2154 Jan. 9854 Jan. 254 Mar. 29 54 Mar. 24 if* 454 IX 5 354 4 154 354 354 1554 16X 5X Sale 954 1054 2 11 Mar. 28 Mar. 29 7 12 3 2 48 3 "3k" ""654 154 Sale 154 Mar. 23 1954 Mar. 31 12 2 Mar. 29 12 254 Mar. 29 354 Mar. 29 554 Mar. 31 354 Mar. 26 154 Mar. 2 2454 Mar. 2 354 1754 554 954 Mar. 2 Mar. 15 Mar. 15 Mar. 3 354 Sale 6 Sale 15 Sale 15 Mar. 31 1954 Mar. 4 1454 1354 32 54 654 1554 1354 33 54 Sale 16 Mar. 30 19 Mar. 9 Mar. 18 1454 Mar. 11 3254 Mar. 21 854 Mar. 1 4854 Sale 3 2254 Jan. Mar. 31 254 Mar. 29 56 54 Mar. 24 454 Mar. 28 754 Jan. 8 3 Mar. 29 154 Mar. 23 1954 Mar. 31 17 54 13 54 37 54 7 1954 Sale 1954 1954 1454 1454 3554 3654 854 Sale 8654 82 76 88 m Mar. 29 Mar. 28 18* Mar. 29 li* .... 8654 Jan. 11 14 2854 Feb. 25 70 Feb. 23 654 Jan. 10 Mar. Mar. 16 Mar. 15 Mar. 24 16 8 16 Mar. 24 84 54 754 754 554 254 ~ Jan. 3 Feb. 24 Jan. 8 Jan. 19 Jan. 10 Jan. 15 2 Mar. 29 12 Mar. 29 454 Jan. 12 1754 Mar. 15 354 Mar. 29 554 Mar. 31 4854 Jan. 3 6 Jan. 12 1354 Jan. 12 4954 Feb. 3 754 Feb. 16 1754 17 13 38 754 1754 Feb"" "I 4 27 2454 Mar. 7 4 10054 Mar. 18 Mar. 29 8 1454 Feb. 23 554 Mar. 7 13 19 J4 354 Sale 8 54 954 Mar. 31 554 Mar. 7 4 2254 23 654 Indiana Serv Corp 6% Ind'polls Lowest Sale Prices 454 Sale Imperial Chem Indus Ltd— Am dep rets ord reg £1 Imperial Oil (Canada)....—* Registered - Highest Sale Prices 100 . Hummel-Ross Fibre 13 "354 1 Horn At Hardart com 4,025 140 Ask Bid Bid Lowest Sale Prices Mar. 31 Mar. 1 1938 Shares 1 Price CURB EXCHANGE Since March RANGE SINCE JAN. PRICES IN MARCH SALES In 45 EXCHANGE CURB YORK 15 16 Mar. Mar. 1354 Mar. 32 Mar. 654 Jan. 10 Feb. 11 Feb. 84 Mar. 854 Jan. 26 4 31 30 1954 Mar. 18 29 28 5 21 24 1454 Feb. 25 3754 Jan. 21 854 Mar. 1 16 Mar. 16 16 Mar. 15 Mar. 19 19 8854 Jan. 21 154 Jan. 154 Feb. 54 Mar. 854 Jan. 6154 Jan. 22 Jan. 154 Jan. 27 Indian Terr 1 llum OH Co— 25 350 3,600 1,200 1,400 4,800 11,000 300 700 200 1,300 6,000 7% preferred v t Sale * C....1 iS 1 % 154 154 54 56 20 54 18 1 54 6054 16 4854 19 16 Sale 2154 154 Sale 1 IX Sale Sale 16 Sale 1754 % 1 854 Sale stock pur warrants. 50 Internat Metal Indus cl A. 48,400 Internat Paper Ac Pow warr.. 49,800 Internet Petroleum com... 300 Registered...............* 9,000 Internat Products com 0% preferred...........100 17,300 54 154 54 54 254 Sale 28 X Sale 28 29 2X 3K 5 International Radio Corp. 100 * 2,300 Internat Util class A.. Class B 20,200 $1.75 preferred...........* 2,300 500 $3.50 prior preferred......* New warrants 4,600 17,200 International Vitamin 6,200 Interstate Home Equip com, 254 Sale 3054 Sale 3054 3154 300 200 8,700 2,600 700 Interstate Hosiery MlUs ""830 8,600 1,800 3,300 1,400 13,600 1,600 1,370 11,700 3,500 10,000 4,400 4 454 754 Sale 654 154 Sale Sale 754 10 54 Sale 8% 10 26 X 30 854 2754 354 Sale 354 754 . 2m 2?* X Sale 1254 1454 9l' a 8 & Sale 54 2854 2454 354 454 254 354 Mar. 31 5 54 Mar. 25 Mar. 30 6 54 Mar. 25 Sale Sale Mar. 25 8 2654 Mar. 25 27 19 4 Sale Sale 254 Mar. 29 354 Mar. 26 254 54, 1154 754 54 Mar. Mar. Mar. Mar. Mar. 30 14 31 29 31 Mar. 31 9 354 Mar. 14 754 54 754 54 854 2854 Mar. 1 Mar."25 Mar. 16 Mar. 2 Mar. 4 Mar. 2 3,2 154 Mar. 18 154 Mar. 18 54 Mar. 11 7 Feb. 4854 Mar 31 1654 Mar. 24 . 1 Mar 854 54 654 154 23 2954 254 5 7 Mar. 4 Mar. 7 Mar. 24 Mar. 21 Mar. 2 54 Mar. 11 454 54 1554 1054 . Mar. Feb. Mar. Mar. Mar. Jan. Mar. 21 31 17 31 26 31 5 31 Mar. 31 Mar. 14 354 Mar. 14 3 54 Jan. 6 54 Mar. 25 8 Mar. 25 2554 Feb. 7 54? Feb. 4 254 354 2554 254 54, 1154 754 54 Mar. 29 Mar. 26 Feb. 3 Mar. 30 Jan. 18 Mar. 31 Mar. 29 Mar. 31 IX 2 1154 54 654 Sale 254 354 154 Sale 2 354 Mar. 31 154 Mar. 29 Sale 5654 Mar. 31 66 Mar. 5 5654 Mar. 31 65 X Sale 5 1054 54 54 1154 754 54 Sale 65 Mar. 31 72 Mar. 2 77 Mar. 16 83 Mar. 5 65 77 254 Mar. 5 Mar. 1 21 Mar. 15 10854 Mar. 24 107 1456 ug 254 Sale Sale Sale 654 Mar. 2 254 Mar. 12 354 Mar. 31 154 Mar. 29 24 10 6 15 15 12 1754Jan. 12 54 Feb. 24 7 Mar. 17 354 Jan.' 12 3154 Mar. 4 Mar. 31 9 454 Feb. 25 54 Feb. 10 1 Jan. Jan. 6 12 8 54 Jan. 5 Mar. 30 5654 Sale 9 X I 3154 Mar. '4 3054 Mar. 10 254 Mar. 31 Sale 1 Mar. 31 2354 Sale 6 6054 Mar. 31 25 31 26 854 Mar. 54 Mar. 654 Mar. 154 Mar. 2254 254 5 Mar. 24 7 Mar. 10 154 Mar. 1 1654 Mar. 4 54 Mar. 25 7 Mar. 17 254 Mar. 1 Mar. 21 1 23 854 154 Mar. 18 154 Mar. 8 54 Mar. 10 332 Mar. 14 Italian Superpower cl A— 34,100 Jacobs (F L) Co 3,900 Jeannette Glass Co.. 4854 Mar. 31 1654 Mar. 24 Sale Interstate Power $7 pref Investors Royalty Co 1 Iron Fireman Mfg com v t c 10 Irving Air Chute com.... Mar. 24 23 600 Internat Safety Rasor cl B_* 1,500 6,400 1,400 154 Mar. 18 154 Mar. 18 54 Mar. 11 7 10 Inaur Co of North Amer "A,f 154 ........100 2,400 Internat Cigar Machinery..* 2,700 Internat Holding Ac Invest 10,800 Int Hydro-Elec $3.50 pref. .SO 50 15,500 21,300 Class B stock.. 400 Industrial Finance 400 154 —• Non-voting class A 9 I 9)4 Jan. 26 2854 Mar. 2 54 Jan. 5 4 Jan. 11 454 Jan. 13 28 Jan. 11 654 >54 1554 1254 54 Jan. Jan. 12 3 Jan. 17 Jan. 17 Jan. 17 754 Jan. 354 Jan. 11 12 Jersey Central Pow Ac Lt Co— 175 120 130 2,500 3,100 110 "2",700 1,600 900 240 100 21,550 2,700 3,300 225 554% preferred........ 100 6% preferred..... ....100 7% preferred.. ......100 6,900 Jonas A Naumburg Corp.2.50 106 15,500 Jones Ac Laughlin com 340 320 290 Kansas G & E 7% pref 100 10 Keith (GeoE) Co 7% pref. 100 4,400 Kennedy's Inc ..5 3,450 Ken Rad Tube Ac Lamp cl a.* 1,700 Kingsbury Breweries Kings County Lighting 7% preferred series B 100 5% preferred series D 100 53,950 Kingston Products.........T 14,900 Kirby Petroleum ......1 410 200 6,400 100 Klrkland Lake G M Ltd 600 Klein (D Emll) Co 200 400 1 com 1 200 3,006 7 1054 1 654 1054 54 33 33 26 18 36 25 254 Sale 354 Sale 1 154 15 6 30 1554 9 6 954 854 2454 Sale 39 254 434 154 Sale Sale 154 15 1754 554 9 654 8 11 2454 60 Lane Bryant 7% pref..... 100 1,400 Lefcourt Realty com.... 1 Preferred * 3,800 67,600 Lehigh Goal Ac Nav • 48,900 Leonard Oil Development_ -.15 4,500 Le Tourneau (R G) Inc.....! 654 154 11^ 20 1154 754 1254 754 12 13 754 Sale 394 Line Material Co 24,000 200 400 *2*900 380 550 1,300 25,600 1,200 2,350 6% ..25 preferred.. 5,000 Lit Brothers com...........* 3,800 131,900 35,000 25,600 1,150 2,300 3,500 60,200 2,300 3,350 Locke Steel Chain Co. Lockheed Aircraft .... Lone Star Gas .5 1 354 Sale 54, Sale 1654 16 1854 Sale 1054 Sale 16 • 154 25 154 95 2 Louisiana Land At Ezpl com. 1 Lucky Tiger Combination. 10 Lynch Corp com...........ft 34 Sale 1 Sale page 35 254 * .... see 1054 Sale 854 53 9 Sale 54 1 254 154 354 254 5 354 154 654 54 24 54 154 X Feb. "19"" *2054 4 30 15 Mar. 15 Jan. 18 42 154 1754 Mar. 7 254 Mar. 1 454 Mar. 7 154 Mar. 11 Mar. 11 554 Mar. 31 654 Mar 26 . 2654 Mar. 31 102 Sale Mar. 21 4554 Mar. 17 154 Mar. 28 65 80 54 Sale Sale Sale 14 Sale 13 25 Sale Mar. 25 54 1254 354 54 Mar. 25 Mar. 2 Mar. 30 13 Mar. 30 Sale Sale Sale Sale Mar. 17 39 5554 254 70 54 Mar. Mar. 13 Mar. 15 Mar. 15 4554 Mar. 17 154 Mar. 28 65 Mar. 25 X Jan. 17 1254 Feb. 3 354 Mar. 30 54 Mar. 26 5 Mar. 18 Mar. 17 Mar. 21 Mar. 28 154 Mar. 12 1 Mar. 28 Mar. 17 19 Mar. 19 1 Mar. 26 Mar. 19 754 Mar. 28 554 Mar. 29 654 Mar. 31 Mar. 30 1 Sale 24 Mar. Mar. Mar. Mar. Mar. Mar. 31 25 31 30 25 . 21 954 Mar. 17 Mar. 1 854 Mar. 154 Mar. 3 40 Mar. 5 34 Mar. 4 Mar. 14 9 2 7 954 Mar. 1 54 Mar. 15 31 36 Mar. 3 54 Mar. 23 1 Mar. 17"" Sale" 2 Mar. 25 Mar .31 254 Mar. 16 1954 Mar."14 Feb. 46 15 5854 Feb. 1 354 Jan. 12 % jan. 14 154 Feb. 23 1354 Jan. 15 Feb. 10 % Jan. 8 5 13 Mar. 30 17 54 Mar. 10 19 Jan. 20 54 Jan. 25 2554 Jan. 10 26 1554 Mar. 28 1054 Jan. 3 2354 Jan. 27 754 Mar. 28 554 Mar. 29 654 Mar. 31 Mar. 30 1 14 25 Feb. Jan. 254 Jan. Mar. 1054 Jan. 1054 Jan. 954 Jan. 154 Jan. 21 14 18 12 17 10 12 15 3 3154 27X 154 654 54 Mar. 31 Mar. 25 Mar. 31 Mar. 30 Mar. 25 42 Jan. 5 3454 Jan. 254 Jan. 954 Jan. 54 Jan. 6 10 10 13 24 Mar. 31 38 10 1 17 ~ 10 Feb. 14 154 Jan. 24 1554 Jan. 8 554 Mar. 31 9 Jan. 8 1254 Feb. 23 5 Mar. 31 10254 Jan. 13 1154 Feb. 3 1254 Feb. 10 II Jan. 17 554 Mar. 31 43 1 1 354 Jan. 95 1954 Mar. 1 1554 Mar. 28 1154 Mar. 30 Sale Sale Sale 3 54 22 31 31 20 % Mar. 1 1754 Mar. 10 20 Mar. 4 2354 Mar 3 1354 Mar. 8 3154 2754 154 654 54 Sale 30 Sale Mar. 15 1254 Mar. 14 754 Mar. 4 25 3 29 2 13 Jan. 1 54 Mar. 23 2 Mar. 25 45 18"" '2054 754 Mar. 11X Jan. 9 Mar. Jan. Mar. Mar. Mar. Mar. Jan. Sale 554 654 154 Mar. 29 Mar. 26 Mar. 15 Mar. 31 6 Mar. 26 4954 8 1 27 4 IX 354 % 1454 554 x5X 1054 1254 Mar. 14 554 Mar. 31 26 v,. For fggtnotes 954 854 2 2 Mar. 24 Jan. 27 22 25 31 29 22 31 31 95 dH 13* 754 Mar. 1154 Mar. 13 2854 Mar. 26 154 Mar. 354 Mar. % Mar. 1454 Mar. 554 Mar. z5X Mar. 1254 Sale 32 10 $5 conv preferred....... 600 MapesCons Mfg Co. * 7 1154 554 3354 1,100 Mangel Stores Corp com_...l 54 Mar. Sale 4* il* 500 Mar. 29 Jan. Jan. 3 42 Sale 7% preferred...........100 """•00 10 Mar. 31 30 Sale 4% preferred series B ..100 7,800 Majestic Radio Ac Tel Corp..1 4354 Jan. 154 Mar. 25 Mar. 26 Sale 54 154 1254 1454 454 Sale 354 54 % Sale 15 1654 1254 1954 Sale 2254 Sale xl6H 13 1054 1454 20 25 1954 154 2 54 154 8 Long Island Light com.....* 3,600 18 17 6 11 22 314 654 Mar. 31 6 19 '854/" 854 954 Sale .* Loudon Packing Co com. Jan. Jan. 2854 Mar. 26 100 Loblaw Groceterias class A. * 100 2,100 34,500 8,600 11,100 77 ......* 76,100 Lion Oil Refining .......* 1,900 Lipton (Thos J) class A.....1 34 85 2154 Sale 1454 4 39 5554 Sale 254 Sale ... 300 Mar. 31 Mar. 16 30 154 70 Lackawanna RR N J.....100 2,700 43,300 24,700 2,100 154 Mar. 25 21 95 ..1 132,800 Lake Shore Mines Ltd 17,700 Lakey Foundry Ac Machine. 1 20 200 Sale Sale 754 11 154 625 26,700 9,400 "154 Sale 21 66 73 Jan. Mar. 31 2154 Jan. 554 954 X .* Koppers Company— 6% preferred...........100 600 Kress (S H) & Co spec pf..lO 5,600 Kreuger Brewing Co ...1 Sale 34 107 __10 1 common. 100 Klelnert(IB) Rubber 2,600 Knott Corp com 200 Kobacher Stores Inc com...* 400 2X 3 32 X Sale 8254 Sale 234 254 Feb. 17 Mar. 31 4 Jan. 154 Jan. 12 354 Jan. 12 45 Feb. 4 1954 Mar. 14 46 NEW AGGREGATE Since * Jan. 1 Shares Shares Ask Bid RANGE SINCE JAN. 1 Lowest Ask Ask Bid Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Mat. 31 Mar. 1 1938 Pat STOCKS (Continued) PRICES IN MARCH Price Jan. 3 CURB EXCHANGE March EXCHANGE CURB SALES NEW YORK In YORK Marconi Internat Marine— 200 Communication Am dep 700 UargayOU 400 3,700 1,200 5,200 750 ret • . 8,900 1,800 11,100 1,700 6% 20 7% Sale Marlon Steam Shovel com..* 4% 5 I 1% 2% Masfl Utll Associates v t c — Vfassey Harris Co common..* 7% Jan. 18 6% Sale 14 14 % • 47 56 2 % Sale 4* 7 2* Sale 15% 16 47 50 % Mar. 30 3% 1% 4% 11% Sale 6% Sale ...1 Master Electric Co.... 7% m 24 Mar. Mar. Mar. Mar , 29 29 29 31 Mar. 1 18 6% Mar. 1 3% Mar. 1% Mar. 4% Mar. 11% Mar 24 1% Mar. 29 7% Mar. 15% Mar. 2 8 6 Mar. 30 29 29 29 31 7% Jan. < 0 1 Mar. 24 7% Jan. 1 2% Jan. 2, 7% Feb. 24 16% Jan. 21 May Hosiery Mills— 150 2,400 10,400 1,825 3,300 25 200 3,900 McCord Radiator & Mfg B._* 20,400 McWilliams Dredging com..* 2,425 Meed Johnson 8c Co com... 6,800 Memphis Nat Gas com ......5 75 Memphis P & L J7 pre! * 900 Mercantile Stores Co * 1,700 900 125 6,600 500 500 15,900 600 125 40 200 Partic pre! 2} 10 J 99 95 Sale 4 Part preferred.. Metropolitan Edison Co— 2% Sale 11% 11% 100 103% 4% Sale 50% 1% Sale 47 Sale Sale 8 90 18% 3% Sale 16 19% 17 14 3% 4 Sale 3% Sale 3 21 45 Sale 2 Sale ... Mar. 29 2 3 2% Mar. 23 13% Mar. 26 23 % ""2% Mar. 25 Mar. 22 30% Sale "% Sale 30% Mar. 31 Sale % Mar. 4 % Mar. 30 Sale 1% 1% 1% % '%> "1% % 4 m Sale Sale \ 3 VIA 3% 2} % 1% % £ 4% Sale 6% 7% % 1% % Sale 2% Sale 5% 5% 4* 3% 3% % 1 Mar. 24 28 1% Mar. 29 % % 2% 5% Mar. 7 Mar. 25 Mar. 31 Mar. 30 1 3 Mar. 12 4% Mar. 1 Mar. 23 45 15% Mar. 11 47% Jan. 3% Jan. 25 11 12 13 4%- Mar. 1 55 Jan. 17 19 Jan. 20 Jan. 12 Mar. 31 107% Jan. 90 3% Mar. 31 45 Mar. 23 13% Mar. 26 2 3 Mar. 29 4% Jan 1 21 Mar. 22 23 % Mar. 10 1 5 Mar. 11 Mar. 4 2 Mar. 25 4% Jan. 21 50 Jan. 20 % % 1 % 29% Jan. 8 Jan. 7 Feb. 4 Feb. 10 3% Mar. 13% Mar. 3% Mar. 44 % Mar. 1 1% Mar. 16 29% Mar. 9 30% Mar. 31 % Jan. 6 % Mar. 30 % Jan. 8 Mar. 29 28 Mar. 7 Mar. 7 Mar. 1 Mar. 17 Mar. 7 % % 2% 5% 3% Mar. 18 4 Mar. 11 3% Jan. 1% Mar. 31 % Mar. 24 2% Mar. % Mar. 7 Mar. 31 4% 3 1% Mar. 28 7% Mar. 29 % % 4% 6% % Sale 5% 2% Mar. 11% Mar. Mar. 31 101 3% Mar. 31 15 29,100 Michigan Bumper Corp.. 1 29,900 Michigan Gas & Oil Corp.1 3,300 Mich Steel Tube Prod....2.50 14,700 Michigan Sugar com * 2,500 Preferred 10 1% Mar. 28 7% Mar. 29 90 3% Sale Feb. 47 45 16% * $6 preferred .....—_* 800 Mexico-Ohio Oil Co 200 18,700 1,600 3,400 Merchants & Mfrs class A—1 18,400 MerrlttChapman & Scott...* 850 6H% Apref... 100 700 Common stock pur warr'ts. 28,900 Mesabl Iron.... 1 1,900 Metal Textile Corp com..25c 30 9,900 S4 preferred w w Mar. 7 Mar. 25 Mar. 31 Mar. 30 % Jan. 20 % Jan. 5% Jan. 10 14 8% Jan. 12 Jan. 12 Mar. 31 21 5 Feb. 24 2 1 1% Mar. 31 % Jan. 6 4 Jan. 3 4 Middle States Petroleum— 11,600 9,700 2,700 7,000 Class A vot trust ctfs * Class B vot trust ctfs.... 1% Sale %« Sale Sal* % Jan. Midland Oil Corp— 350 900 1,600 2,010 $2 conv 4% * pref 7 13% 12 83 75% 78. 1% n 7% Sale '4% Mar. 29 9% Mar. Jan. 14 Feb. 23 10 Midland Steel Product— 625 MldvaleCo. 275 400 5,000 300 1,400 1,300 * $2 non-cum dlv shares 2,500 Mid-West Abrasive Co 50c 10,600 Mid-West Oil Co 10 800 Midwest Piping & Supply Co* 2,000 Mining Corp of Can ...* 2,250 Minnesota Mln & Mfg Co * ""loo 70 Minnesota P & L 7% pref.100 130 Miss River Power pref 100 100 Missouri Pub Serv common.* 2,200 4,500 Mock Judson Voehringer2.50 20,100 40,300 Molybdenum Corp 1 400iMonarch Mach Tool Co com.* 29,600 Monogram Pictures com 1 1,300 Monroe Loan Society cl A._* 1,100 Montana Dakota Utilities..10 60 400 7,600 300 300 1,050 7% 1% 26 Sale 7% 10 2 27 9% Mar. 31 *14% Mar. 17 65 1 11 10 2 600 "4,050 9,250 Moore (Tom) Distillery Co..l 100 Mtge Bank of Col Am Shs 23/ Sale 29% 26 190 5,700 Murray Ohio Mfg Co—.—* 2,800 Muskegon Piston Ring..2.50 200 5 3 2% 6% Sale 5 5% 12% 15 1% Sale lM 2% 5 5% 3% 1 8 9 7% Sale 1!* if* 2% Sale 1% 2' 5 9,900 2,300 100 900 4 22 Sale 30 145 33 Sale 1 % m 5 30% 34 27% 33% 180 140 Sale 1% Sale "6% 5 Mar. 26 2 5 Sale 650 450 . _ Nat Power 8c Light— S6 preferred * 700 National Refining common 25 7,550 "7*366 — 15,800 Nat Rubber Mach com 4,600 National Service Co.. 400 — 7,000 National Sugar Refg * 400 6,600 National Transit ..12.50 32,400 National Tunnel & Mines..* 9,200 National Union Radio com__l 2,850 Navarro OH Co * 200 A 37 4% 6,600 "i",606 2,500 Nelson (Herman) Corp 5,700 Neptune Meter class A Nehl Corp com.. 1st preferred 5,200 .* ... Mar. 1 Mar. 75 Sale 2. Sale 16% 7% 8% Mar. 2 8 Mar. 9 Mar. 3 Mar. 1 "% Mar.' Mar. 29 Sale % V* 13 14 Mar. 4 4 5 7 Mar. 30 26 Mar. 30 2 Mar. 18 15 Mar. 30 Sale 38% Mar. 31 2% Sale 2% Mar. 29 %«Mar. 19 38% 4% iB 6% Mar. 31 12% Mar. 29 ^ iB 18 1% Mar. 23 32 16"" Sale' 12% Sale' Mar. 18 Sale 9 2% Sale % % 15% 20 7% Sale 1% Sale % % 12% Sale 8 3 3 5 8% Mar. 14 Mar. 5 1 4% Mar. 30 Mar. Mar. 22 Mar. 1 5 5 Mar. 30 9 Mar. 28 2% Mar. % Mar. Mar. 29 123 Mar. 31 15 4 4 6 Mar. Jan. 8 Mar. 24 12 12 8% Mar. 3% Mar. 4% Mar. % Mar. 4 5 6% % 7\ 49 45% 30% Sale 29% Mar. 30 Jan. 14 23 30 25 Mar. 30 Mar. 30 6% Mar. 31 12% Mar. 29 8% Mar.14 7 7 Jan. Jan. 10 22 1 Jan. 10 11% Jan. Jan. 3 x9 Feb. 14 14% Jan. 11 Jan. 11 20% Jan. 10 3 2 Mar. 18 Mar. 30 Mar. 31 63 Jan. 11 Feb. 5 Mar. 29 Mar. 19 Mar. 23 Mar. 18 12% Mar. 29 4% Jan. 5 7% Mar. 30 1% Jan. 6 % Mar. 29 12% Mar. 31 Mar. 5 % Mar. 7 Mar. 2 4% Mar. 7 6% Mar. 16 % Mar. 11 50 Mar. 8 3% Mar. 30 4% Mar. 23 % Mar. 16 48% Mar. 15 4% Jan. 11 5% Jan. 11 *At Feb. 1 Feb. 2 Feb. Feb. 18 41% Feb. 25 18% Jan. 13 5% Jan. 9% Jan. Jan. 18 % Jan. 5 3 % Mar. 17 4 8 Feb. 28 15 29% Mar. 30 46 8 37 15 110 37 6 4 Jan. 4 Mar. 18 Mar. 1 10 3 13 Jan. 4% Mar. 3 % Mar. 2 1% Mar. 21 32 16 Feb. Feb. 7 55 Jan. Mar. 26 Mar. 1 Mar. 7 Mar. 16 Mar. 4 19 Jan. 6 Feb. 24 Mar. 8 Feb. 18 Jan. 3 4% Mar. % Jan. 8 8% 14% 2% 18% 7 Jan. 100 7 Mar. 3 25 Mar. 14 Jan. 21 Jan. 9% Mar. 32 9 7 27 Jan. Mar. 3 Mar. 28 33 Feb. 33 Mar. 1 12% Mar. 29 Mar. 1% Mar. Mar. 16 3% 4% Mar. Mar. 4 16 3 Mar. 26 28% Mar. 21% Mar. Feb. 145 Jan. % Mar. 3% Feb. Mar. 14 Mar. 23 Mar. 30 Mar. 25 52% Sale 1% Mar. 8% 3% 4% % 16% Jan. Mar. Mar. Mar. Feb. Mar. 28% Mar. 21% Mar. 2:33% Mar. 8 Sale 3% 12% 1% 1% 4% 122 5 2 Feb. 2% Mar. 6% Jan. 2 Mar. 14% Mar. 7 4% Mar. 30 % Mar. 16 Mar. 31 % Sale 5% 8 22 27% 6% Sale 12% Sale Mar. Mar. Mar. Sale 5 Feb. Mar. 1 Mar. 19 00 * Feb. Mar. Mar. Mar. 26 6 Mar. 14 Mar. Mar. Mar. 4 Sale 9 Mar. Feb. Jan. 6% 8% 1 % 24% Mar. 14 Mar. 29 58 14% 2 6 1?* iS* 35 Mar. 8 8% Sale 14 14% 2% 2% 18 19% 64 3 8% 11% Sale x8% Mar. 7 Sale M 1! '*2% Mar."26 10 7% Sale % Sale 500 Nebel (Oscar) Co com * 20 Nebraska Power 7% pref.. 100 "3",400 65 Mar. Mar. Mar. 625 National Tea Co 5% % pref.If 3,300 13,100 2,400 1,300 1% Mar. 11 29% Mar. 9 76 Mar. 7 9 11% 8% 10 —1 Conv partic preferred • 500 National Steel Car Ltd.....* 2,700 9 11 10 ...* 900 300 50 Mar. 22 180 4 Sale Sale 1 28* % 4% Sale 50 . 2,650 7% 9% 1 $3 conv preferred 10 3% Mar. 12% 1% 1% 4% 122 30 140 1% 5% Sale 1 II,500 National Container (Del)...l 15,400 National Fuel Gas • 4,300 Nat Manufacture & Stores..* 3,300 National Oil Products......4 4,600 6,700 1,600 1,800 21 ] 24 3 lOO" Nat Automative Fibres com.* 400 National Baking Co com 35,500 Nat Bellas Hess com 2,500 National City Lines com 7 Mar. 26 3% Sale 12% Sale 1% 1% 122 200 Nachman Sprlngfilled Corp. * 17,000 Mar. 75% Mar. 2 1% Mar. 23 8% Mar. 14 *14% Mar. 17 7 80% Jan. 1% Jan. 11 9% Mar. 104 500 tMountain States Pow com.* 430 Mountain Sts Tel & Tel 100 1,400 1,000 Mar. 28 75 207,300 Mountain City Copper Co..5c 15,900 Mountain Producers Corp. 10 200 Mar. 30 Mar. 26 6% Mar. 31 8% Mar. 26 1% Mar. 29 _ 900 Moody's Investors Part pref.* 725 Moore Corp Ltd..........—* 60 7% A pref 100 325 7,700 1% 6% 16 1,520 Montgomery Ward 8c Co A..* I,900 Montreal Lt Ht & Pow com. * 560 62",400 12 % 78 9 111 47 6 Jan. 7 Jan. 5 Feb. 24 ....* ... 5 300 * 300 Nestle Le Mur Co class A—. * 75 4% 5% 6 9 3% 4% % 48% 75 Nev Calif Elec 7% pref....100 New Bradford OH 5 % ; % Mar. Mar. Mar. Mar. 30 23 16 15 4% 5% 58% "61% 53% 55% 36 Sale Mar. 31 50 8 36 Mar. 98 Sale 90 7 66 95 75 85 Mar. 26 Mar. 5 Mar. 30 91% Mar. 12 7% Mar. 3 85 10 67% 2% 48 56 Sale 63 65 42 22 29 23 1 % 29 18 5% 4% 12 7% Jan. 10 % Mar. 11 50 Mar. 8 5% New England Pow Assn com. * 400 1,000 6% preferred 100 90 590 New Engl Tel & Tel Co...100 1,000 6,850 7,600 9,400 3,600 New Haven Clock Co com * 18,450 New Jersey Zinc.. 25 14,600 New Mexico 8c Aria Land 1 25,700 Newmont Mining Corp....10 900 800 900 New Process Co common_._.* 900 N Y Auction Co common * ,• 1,100 1,650 4,200 2,900 NYC Omnibus warrants 2,650 N Y 8c Hond Kosarto M 10 5,300 N Y Merchandise Co com. .10 100 280 N Y Pr & Lt S6 pref.. 7% preferred N Y Shipbuilding Co 310 1,290 900 Founders shares.........1 500 New York Transit 5 480 N Y Water Serv 6% pref..100 150 650 "4",666 1,900 5,900 111,200 Niagara Hud Pow com.....10 2,925 5% 1st pref 100 75 100 5% 2d preferred 6,600 Class A warrants 2,800 Class B warrants 13,000 Niagara Share Corp class B 5 .... 100 "e'loo 350 5,800 ...100 6,400 200 31,800 • Class A preferred.... 21,400 Nlles-Bement-Pond com see page 53 1% 1 ^ 8 2 2 8 5% 24% Sale 9 9% 4% 2 10% 9% 29 28 8% 7% 3% Sale 4% 19% 7% Sale 16 61% 1 1 1 1 IB 16% Sale 8% Sale Mar. 31 Mar. Sale Mar. 18 Mar. Sale Mar. 31 Mar. 25 Mar. 30 6% 00 CO ■ 1 1 1 3 Mar. 4 8% Mar. 3 Mar. 2 83 99% Mar. 9 6% Mar. 7 Mar. 31 5 % 3% 10% 4 12 5% Sale 70 Sale Mar. 25 4 Mar. 23 10% Mar. 30 5% Mar. 30 70 Mar. 31 91 4% Mar. 15 16% Mar. 1 8% Mar. 4 75 Mar. * 1% 5% Sale 31% Sale lM 3 Sale S 1 2% Mar. Mar. Mar. 18 83 iB 5% iB Sale M"i Sale Mar. 17 3% Mar. 30 1% Mar. 16 5% Mar. 1 35% 8% 2 36% 9% Sale 25% Sale 7% 10 1% Sale 25 Mar. 30 35% Mar. 7% Mar. 23 1% Mar. 26 9% Mar. 2 Mar. 5 11 Mar. Jan. 14 6% M:ar. Mar. Jan. Jan. 93% Mar. Jan. 5 12 12 Jan. Jan. Jan, 24 10% Mar. 30 5% Mar. 30 Jan. Jan. 10 10 13 Jan. 4 5 Mar. 25 Jan. 19 4 70 """% Maf."l6 ""%.Mar.""5 1 12 6 14 15 Mar. 17 Jan. 12 Jan. 20 1% Mar. 5% Mar. 20 % Feb. 1 Jan. 8 15 3% Mar. 30 89% Jan. 22 25 Jan. Mar. 30 Jan. 3 61 H Jan. Jan. Jan. Jan. Mar. 18 Mar. 26 93% Mar. 30 l> 42 Mar. 17 Mar. 25 Mar. 30 Sale Sale 3 5 2 Jan. Jan. 4% Mar. 45% Mar. 1% Mar. Mar. 31 1 % 2% 5% Sale 20% Sale 1 1 I* 1 Sale 1% 9% 1 97"" Sale" Mar. 100 650 Nineteen Hundred Corp B..1 12,800 N!pl8s!ng Mines 5 For footnotes 7% 1 Mar. 30 7% Mar. 23 1% Mar. 26 > Feb. 0 5 5 Jan. 11 Jan. 22 Jan. 17 Feb. 14 Feb. 4 NEW April, 1938] AGGREGATE Since Jan. 1 March Shares 600 800 1,100 7.500 110 230 2,700 8,200 600 2,300 1,300 V Price Jan. 3 1938 CURB EXCHANGE STOCKS (Continued) Shares Par Bid 13,400 Noma Klac Corp com.. 1 ZX 1 20,300 Nor Amet Lt & Pow com IX 6,950 $6 preferred • 20 5,800 North Amer Rayon cl A.. * 20 J* 9,900 Clear B common........ 50 40 6% prior preferred..... Iso 1,200 Nor Amer Utll Sec com.....* 4,900 North Cent Texas Oil......6 3% I 19,900 North European Oil com X 390 Nor Ind Pub 8er 6% pref..100 580 7% preferred...........I0W 6 4,000 Northern Pipe Line....... 10 20,300 Nor States Power com A.. 100 9X 1,500 t Northern Tex El 6% pref.100 3,500 Northwest Bngi neerlng UX * 20 3,800 Novadel Agene Corp........* 6,300 8,800 3,100 1,700 . 225 1,125 .... Ohio Brass class B.....• 125 475 Ohio Edison $6 preferred...* 900 Ohio Oil 6% pref ......-.100 670 Ohio Power 6% preferred. 100 210 Ohio Pub Serv 7% 1st pref 10« 30 6% 1st pref.........—100 1,300 Ollstocks Ltd common—....5 15 23,800 Oklahoma Nut Gas com 2,200 410 100 mm---. f 300 10,100 2,800 5,700 1 150 ■"' • preferred.............50 6% preferred .......100 S3 325 15.900 31,000 Oldetyme Distillers... ......I 100 1,900 1,700 9,700 Pacific Can Co common....* 100 175 300 V-, Mar. 31 4 3 Sale Sale y* 31 Sale 21X 23 V* Sale 20 48' 40 23X 45 3X Sale Sale 135* 135* 385* 18 18 42 7X Sale Sale" a* as "12 20X 23 135 23 '"85* Sale' Sale 19 91) 108) 92 109 m io 8 V* Sale 21X Sale 70 87 X 2X Sale Pacific G 5c B 6% 1st pref—25 SH% 1st preferred......25 650 Pacific Ltg Corp $0 pref.. * 120 Pacific PAL 7% prof 100 40 2,300 5,900 Pacific Public Service... * 925* Sale 11 Sale Sale 87 92 Sale 2X 3V* 3 28 X 6 Sale 25 X 29 ys 27 X 17 17 Mar. 19 21 21V* •0 «o """200 40,000 2.50 Penn Traffic Co 81,300 PennroadCorpcom vtc__ ...» 50 Pa Edison Co $2.80 pref.....* 50 50 700 290 775 2,400 400 1,350 2,600 3,725 100 400 ;: » 1,100 925 100 1,300 . 6,600 Pa Gao 5c Elec class A...., Pa Pow & Lt SO * 5 Sale m 1$ 5X 3X $7 preferred * Pennsylvania Salt Mfg.....50 Pepperel! Mfg Co * .......100 Perfect Circle com.. .....* Pharia Tire & Rubber Co 600 1,600 Philadelphia Co Sale 25 m m 2H 2X Mar. 31 Mar. 29 13 Sale 25* 215* Mar. 18 Mar. 25* Mar. 225* Mar. 2 Sale 4X 2V* 2X 3x 4 15* 4 Sale i* _ 7.800 2,030 15,200 3,320 1,200 26.000 3,200 3,100 24,700 12,400 18,700 325 500 11,700 1.200 1,100 10,300 4,000 9,900 Tx "161* 6 4 133 eh 675* Sale 28 25 Sale 4 4 , 144 140 145 68 72 68 J* Sale 26 31 Sale 200 Sale 2X 5X 3 6 Sale 75* 6 35* jc55* Sale 35* 55* 1155* 295* 25* 1 % Mar. Mar. Mar. Mar. Mar. Mar. 13 21 18 4 Mar. 3 18 IX 19 205* 2 25* 15V* 19 25* Mar. Mar. 45* Mar. 14 65* Mar. 22 Mar. 23 Mar. 16 4 Mar. Mar. 1 Mar. 1 175* Mar. 1 45* Mar. 28 55 Mar. 31 5* Mar. 29 65* Mar. 31 25* Mar. 31 % Mar. 29 25* Mar. 30 115* Mar. 26 19 18 15* Sale ...... 19 ""Mar ."26 15* Mar. 30 37 6* 17 15 «SJ "3 5* Mar. "2 65* Mar. 21 3 75* Mar. 10 39 Mar. 585* 65* 815* 15* Mar. 1 Mar. 4 Mar. 1 Mar. 12 Mar. 35* Mar. 5* Mar. 45* Mar. 135* Mar. 8 6H J* 'J* 795* Mar. 1285* Mar. 59 Mar. 58 Mar. Mar. 24 1 4 3 8 10 Sale 5* Sale 95* X 35* 65* 3 5* Mar. 25 Mar. 30 Mar. 3 Mar 21 "ll 8 Mar. 25 Mar. 11 15 35* Sale 65* Sale 454 352 80 5 % Mar. 65* Mar. 3 Mar. 2 Sale Sale Mar. 30 Mar. 31 Mar. 30 7 Mar. 25 98 22 13 Mar. 31 Mar. 31 355* Mar. 3 225* Mar. 3 55* Mar. 21 94 22 15* Jan. 4 15* Mar. 30 105* Mar. 29 rlO 5* Mar. 30 3 25* Mar. 18 55* Jan. 37 5* Mar. 45* Mar. 345* Mar. 28 22 26 31 45* Marr 28 55 Mar. 31 5* Mar. 29 65* Mar. 31 25* Feb. 2 % Mar. 29 25* Mar. 30 115* Mar. 26 95 19 Feb. 18 Mar. 26 15* Mar. 30 37 95* 5* 3 5* 65* 35* 915* 17 Jan. 5 10 66 77 Jan. 8 Jan. 6 Feb. 15 3 14 12 145* Jan. 1 Jan. 135* Jan. X Jan. HA ' 11 13 Mar. 11 Mar. 11 915* Jan. 27 95* Jan. 11 105* Jan. 24 31 93 Feb. 23 Mar. 22 25* Jan. 11 65* Mar. 8 6 35* Jan. 25 17 14 15 14 13 7 25 6 23 7 24 14 10 15 7 13 1 25* Mar.~~9 25* Jan. 8 255* Mar. 10 85* Feb. 8 82 Jan. 21 29' 905* Jan. 10 29 1495* Jan. 21 25 725* Jan. 13 30 77 Jan. 7 30 245* Mar. 28 25* Mar. 30 Jan. 13 48 *4 Jan. n 25* Mar. 37 Jan. 35* Feb. 15 55* Mar. 30 1125* Feb. 11 1155* 295* Mar. 30 315* 3 95 "I* "4 5K Mar. Mar. Mar. 4 88 Mar. 26 Mar. 31 ...* com 24 74 675* Mar. 1 725* Mar. 5 245* Mar. 28 Mar." 18 45* 145* Sale Feb. 25* Mar. 15* Mar. 1 585* Sale 65* 8 815* Sale 15* 15* 8 85* 35* Sale 35* 135* Jan. 3 4 2 First preferred.........100 Premier Gold Mining.......I 25* Mar. Mar. 21 Mar. 144 Mar. 31 43 Feb. Jan. Jan. Jan. 58 Jan. Jan. Jan. 31 Feb. 195* Jan. Feb. 45* Jan. 15 Jan. 19 Jan. 23 Jan. 245* Jan. 4 Jan. 26 Jan. 110 Feb. Mar. Jan, Mar. 21 Jan. 235* Feb. 23 tSg 1?m Jan. Mar. .105* Mar. 29 * 26 145* Jan. 35105* Mar. 30 Sale Sale 175* Sa1© 5* 15* 35* 35* >65* Sale 3 20. 29 3 17 29 8 Mar. 985* Mar. 47 Mar, Mar ."21 stH 30 30 23 30 30 30 26 125* Mar. 45* Mar. 25* Mar. 9 25* Mar. *1 255* Mar. 10 Mar. 12 27 3 1 3 25* Mar. 12 225* Mar. 30 74 24 12 5 12 it'4 31 7 35* Mar. 175* Jan. 245* Jan. j*>.ar. 165* Mar. 65* Mar. 17 45* Jan. 15* Jan. 375* Jan. 24 Jan. 24 7 Feb. 1 17 1095* Jan. 10 45* Mar. 275* Mar. Mar. 15 55* 31 215* Mar. 26 Mar. 22 Power Corp of Can com. 25 Prentice-Hall Inc 775 Sale 12X Mining Co........25c 1,500 Pressed Metals of Amer.....* 22,900 Producers Corp. 1 6,900 Prosperity Co B common...* 2,200 Providence Gas Co.........* 4,100 Prudential Investors com...* $0 preferred. 1,950 ...._.* 1,100 11 1 Potrero Sugar com ......... .5 Powdrell A Alexander com..5 Pratt A Lambert...........* 25 700 7,800 4,300 17 X 50 10 Mar. 28 Mar. 24 47 23 4 "75* "85* 1,820 27,300 820 7,500 Mar. Mar. 17 26 Mar. Mar. 795* Mar. 1235* 1295* 1285* Mar. Sale 59 Mar. 59 58 Mar. Sale 59 24 24 Mar. 18 6 ""35* ""35* Pitts Metallurgical Co 10 Pittsburgh Plate Glass com 25 Pleasant Valley Wine Co....1 Plough. Inc.......... ♦ Polaris V* Mar. 28 31 Mar. Sale 1 35* 74 Pittsburgh Forglngs Co... Pitts A Lake Erie RR Mar. Jan. Feb. Mar, 945* Jan. x88X Jan. Mar. Mar. 215* Jan. 90 Feb. 15* Mar. Mar, Jan. 31 Mar. 225 Pitts Bessemer & L E RR...50 — 26 91 106 110 4 24 3M 175 « 4 65* Mar. 30 5* Mar. 12 85* Mar. 28 18 Mar. 29 110 * 17,300 9*550 75 2,900 12,500 1,200 4,000 3 Mar. '145* Mar."21 "145* Sale 1 preferred..* 300 Phlla El Pow 8% pref 25 8,200 PhUUps Packing Co * 34,400 Phoenix Securities common. 1 Conv preferred A.. ...10 2,200 12,700 Pierce Governor Co com....* 1 200 Pines Wlnterfront Co 1 47,900 Pioneer Gold Mines Ltd 15,850 Pitney Bowes Postage Meter* Mar. 4 75 Phlla Elec S5 div com Mar. 24 Sale Prices Mar. 30 35* Mar. 125* Mar. 29 45* Mar. 30 165* pref........* Pa Water 5c Power...... Mar, 24 4 Mar. 35* Mar. 31 4X common...; 63 8 Mar. Mar. 26 50 Patchogue Plymouth Mills..* PennMex Fuel 2 Mar. 2 Mar. 12 Mar. 93 Mar. 25* Mar. 55* Mar. 1! 28 Mar. 95* Mar. 45* Mar. 29 65* 275* Mar. 3l 30 27 Mar. 17 27 985* Mar. 31 1035* 22 X 2V* Sale" '18 Jan. Mar. 3 Sale Sale 30 125* Mar. 29 115* Mar. 29 4 325* Mar. 90 18 18 Mar. 30 Mar. 205* Mar. 9 5X Sale 175* 17X • Mar. 24 60 71 6 11 * * 12 90 15* X Mar. 30 31 5* Mar. 29 35* Mar. 14 X Jan. 7 525* Mar. 26 5* Mar. 15 35* Mar. 1 * Mar. 8 17 16X 1 Mar. 24 Mar. 30 65* Mar. 30 5* Mar. 12 85* Mar. 28 18 Mar. 29 47 "l'x 8 1 2 30 ..... 12,000 Parkersburg Rig 5c Reel Co.l . 63 4 Mar. 14 Mar. 8 Mar. 26 Mar. 103 X Sale 2,700 400 Mar. 29 85* Mar. 65* Mar. 28 4» 1,450 Pender (D) Grocery cl A....* Class B • 1,600 800 Peninsula Telep Co com... • 20 7% preferred..........100 X 35* X 525* 24 85* IV* 200 Paramount Motors Corp... 1 350 Parker Pen Co........ 10 10 Mar. 215* Mar. 4 205* Mar. 10 245* 8 65* Sale 22 83 7 150 300 35* Mar. IX Mar. 35 80 865* 925* Mar. 2 93 X Mar. 1065* Sale 1065* Mar. 31 1085* Mar. Mar. 31 1125* Mat. 110 Sale 110 97 Mar. 30 101X Mar. 3X 6 3X 1st preferred 100 * 5,550 Pacific Tin special stock.... * 24,700 Pan Amer Airways com.....5 445,800 Pantepec OH of Vonesuala.. 1 400 Mar. 30 5 29 2,650 8,100 150,300 - 5* Mar. 30 26 Sale 32 90 108 Mar. 26 3 31 I Highest Sale Prices 3 Mar. 26 43 5 Sale 7 Sale Prices 115* Mar. 29 2H Sa^ 4 Highest Sale Prices 125* Mar. 29 5* X ZX Sale H % 4X % Lowest Lowest Ask Ask Bid Bid Sale Overseas Securities Co ...... * 1,100 4,000 # Mar. 1 Ask 100 Oliver United Filters B._—* 800 ■ RANGE SINCE JAN, PRICES IN MARCH SALES NEW YORK In 47 CUBE EXCHANGE YORK Mar. 25 Mar. 30 7 Mar. 30 Mar. 31 Mar. 30 Feb. 7 Jan. Mar. 15 Jan, 12 Mar. Feb. Jan. Jan. Jan. 17 X Jan. Jan. 35* Jan. 1* 65* Mar. Mar. d5* Jan. 625* Jan. 39 $ Jan. Jan. 15* Jan. 85* Jan. 35* Mar. Jan. 4X Jan. 145* Feb. 23 10 8 20 24 15 11 7 21 3 15 24 12 12 14 14 1 21 12 24 18 17 16 25 95 Feb. 215* Jan. 25* Feb. 37 Mar. 18 Jan. 10 9/ Jan. 7 ex Jan. 21 Jan. 7 65* Jan. 22 98 Jan. 7 Public Service of Colorado— 60 70 6% 1st preferred....... 100 7% 1st preferred.......100 40 3,180 3.010 1,100 1,370 Public Serv of Ind pr pref..* 86 preferred..............* PubUc Service of Nor 111... Com $60 par stock ..60 Public Service of Oklahoma 24 X 12 X 73^1 Sale Sale ::::: 32 20 70 Sale Sale 13 Mar. 21 625* 70 625* 78 10 6% prior lien pref......100 7% prior Hen pref......100 {Public Utll Securttfes87 part preferred.. 350 ♦ 2,440 Puget Souod PAL 86 pf 1 20 250 1,675 1,225 S5 preferred 3,025 2,900 1,200 Puget Sound Pulp & TImb..* 3,900 Pyrene Mfg......^....__-..10 330 180 800 770 Quaker Oats com _........* 380 6% preferred...........100 900 Quebec Power Co • 250 100 335* Sale 7 75* 65* 7 "4" 5"' 675 Railway A Light Securities.* 200 Rys A Utll Invest cl A com.. 1 200 2,400 200 3,700 2,100 1,020 Rainbow Luminous Prod A. * 4,370 Class Bcommon . .... Raymond Concrete Pile— ' 4,600 1,300 3,100 20,000 1,000 5,000 Common................* 83conv pref..............* 200 2,200 Raytheon Mfg com......50c 19,100 Red Bank Oil Co. 5,500 Reed Roller Bit Co new....- * 100 1,000 10,100 2,100 500 Mar. 8 Mar. 30 Mar. 29 Mar. 9 12 * ...... •; ! 600 . Reeves (Daniel) com....... 16,900 Kelter Foster Oil Corp.. ..5 2,400 Reliance El A Eng Co.. .......1 3,700 Keybarn Co.. Inc V 33,700 Reynolds Invest com .......1 4,500 Rice Stlx Dry Goods Co 9,700 Richmond Radiator com....1 Rio Grande Valley Gas Co— 2,300 For footnotes 5,900 Voting trust ctfs... see page 53. "ex '"tx 95 138 X 1551 Sale 17X \ 12 25 2 97 139 102 140 17 * X 4 89 5* Reb. 16 105* Mar. 30 235* Mar. 29 34 4s 115 2 2J IX X 90 137 Mar. 31 100 Mar. 9 140 x»far. Mar. 135* Mar. 21 75* Mar. 15 5* Mar. 29 5* Mar. 23 5* Mar. 16 65* Mar. 9 45* Mar. 28 7 2 2 90 137 135* Mar, 21 Mar. 21 Mar. 29 7 5* Mar. 15 155* Mar. 11 X Jan. 5* Sale Jan. 10 28 ► Mar. 4 105* Feb. 3 16 295* Mar. 25 I Mar. Mar. 8 29 Feb. 17 30 Mar. 7 9 y* Mar. 26 5* Sale 11 15* Mar. 29 ! r 35* Mar. 26 19 Mar. 31 35* Mar. 18 V* Mar. 31 25* ivxar. 26 5* Mar. 31 Mar. 31 4 1 Mar. 30 5* Mar. 31 9 15* Mar. 15 ! X Mar. 2 4 Mar. 2 >5* Mar. 7 tX Mar. 21 5* Mar. 3 15* Mar. 15 5* Mar. 8 „ 5*5 Mar. 5 15* Mar. 29 35* Jan. 28 19 Mar. 31 35* Mar. 18 5* Mar. 31 95* Feb. 3 25* Mar. 26 5* Mar. 31 4 1 Mar. 31 Mar. 30 5* Mar. 31 15 5* Feb. 15 5* Jan. 10 5* Jan. 13 5* Feb. 15 5* Feb. 23 X Mar. 7 5* Mar. 16 Jan Mar. 31 1005* Jan. 12 Feb. 7 140 Feb. 15 155* Mar. 11 8) Feb. 25 12 21 75* Jan. Mar. 28 145* 25* Sale 5* Sale 4 Sale 15* Sale fS Sale 4 Mar. 14 Feb. 18 Jan. 27 M Feb. 19 175* Feb. 26 8% A* 24 10 xVxar. . 37 15* Sale 4 Sale 19 Sale 25* 45* 5* Sale Sale 3X 7 7 145* 135* 10 27 2X 23 Sale 138 1 Mar. 28 45* Sale 90 125 8 2 Mar. "T'l •155* 33 ... ...1 Sale 5* Mar. 165* Mar. 34 78 Feb. 18 Jan. 27 89 . v < 95 Mai. 25 995* Feb. 21 Feb. 25 1035* Jan. 29 106 22 Jan. 28 355* Mar. 3 115* Jan. 18 225* Mar. 3 Feb. 14 Mar. 8 25* Feb. 17 7 Mar. 285* Tan. 4 Feb. 7 17 4 *4 Jan. 17 11X 25* 15* 55* 25* Jan. 15 Mar. 21 Jan. 7 Jan. 6 Jan. 12 % Jan. 14 48 NEW aggregate March Shares PRICES IN MARCH NEW YORK CURB EXCHANGE Shares 100 700 900 1,200 2,300 11,300 150 Bid ' • 500 $2.50 pref conv ? 900 ' Gen'l com..* * common com 1 II,000 Seiberllng Rubber com.....* 1,150 Selby Shoe Co com... ..* 19,800 Selected Industries........1 2,300 Convertible stock .....5 3,300 $5.50 prior stock ...25 1,550 Allotment certificates 500 600 2,100 900 1% 12% 23 X Mar. 31 IX Mar. 30 3% Mar. 31 Sale Sale Sale Sale Sale X 2% IX 13 25 6 2% Sale 3X Sale Sale 2 IX 2 10% l3/* 13 8X Sale 23 94% Mar. 22 11% Mar. 29 7 4 1 1% Mar. 15 3% Mar. 2 % Mar. 10 Mar. 4 4X Mar. 30 5 Mar. 2 Mar. 28 Mar. 18 5 2X Mar. 30 X Mar. 22 Mar. 29 X Mar. 10 , 8% 35% 3% 1% Mar. 25"" "35" Sale \H a 2X Mar. 30 Mar. 26 IX Mar. 29 IX Mar. 10 19 8 Mar. 29 19 Sale 17 Mar. 26 20" "25" 25" "Mar .'25 57/ Sale 8, Sale 3X Mar. 30 X Mar. 29 29 25 ol* 36 7% 5h Sale ax 45 IX Sale 2X Sale % 1 1" 1% 35 30 X 40 IX Sale 3X 3% X 2 IX Sale Sale 2X Jan. 6 Jan. 11 15 5 Mar. 28 9% Jan. 11 35 Mar. 18 38 2% Mar. 30 % Mar. 22 4 Feb. Jan. 3 11 13 9 48 7X X 3% Mar. 1 8 51 59 52 58 7 60 X 61 48% 49 X 8 Sale Sale Mar. 2% 1% 10% 23% Mar. 1 Mar. 3 Mar. 12 Mar. 4 7 42 Mar. 25 25 62 5% Mar. % Mar. 7 2 Mar. 22 30X Mar. 31 X Mar. 31 35 Mar. 24 Mar. 25 2' 11 3 Jan. Jan. Jan. Jan. 13 13 13 27 Jan. 12 8 1 7 4 Mar. 15 Mar. Mar. 19 29% Jan. 25 Jan. 25 Feb. 18 26 18% Jan. 12 7% Jan. 1% Jan. 1% Jan. 5 28 16% Jan. 21 3% Mar. 30 % Mar. 29 Mar. 22 Jan. 13% Mar. 24 % Mar. 18 Jan. 3 48X Mar. 31 49% Mar. 31 7% Mar. 21 60% Mar. 4 61% Mar. 4 48% Mar. 31 49% Mar. 31 X Mar. 18 Xt Mar. 11 X Mar. 18 Mar. 30 1 5 12 Mar. 24 Jan. 10 35 30% Mar. 31 % Mar. 31 2 11 113 Jan. Feb. 1 1% Mar. 3% Mar. 15% Mar. 4% 63% 3% 2% Mar. 1% Mar. 1% Jan. Mar. 25 5 6 5 62 Jan. X» Jan. 92 20 2% Mar. 60 1 Sale Sale 1% Jan. Mar. 29 X Jan. Mar. 22 1 13 X Mar. 24 "I 22 %«Feb. 28 49 4% Mar. 30 1 % Mar. 9% Jan. Mar. 31 31 Mar. 1 Mar. 10 Mar. 4 Mar. 4 85 21 10 1% Mar. 15 3% Jan. 15 13% Jan. 7% Jan. 1% Mar. 30 3% Mar. 31 /{i Jan. 13 Mar. 10 9 3 96% Feb. Mar. 29 Jan. 7 5 13 2 16 Mar. 45 ** oV* 3 Mar. 15 7 Mar. 31 48 % Sale 3X 6 13 Xt Mar. 26 31 35 Sale 96% Feb. 113 6% 53,800 Segal Lock At Hardware 6,100 1 Sale 42 2% 1 400 Seeman Bros 400 22,300 3,500 Mar. 29 Sale 80 x95% Feb. 10 11X Mar. 29 35 2X 1 Sale Highest Sale Prices 4 30 37 X Sale 12* Sale 5X Sale 3X 12 Lowest Sale Prices ..* common... Warrants Securities Corp 4X 5% 8% Sale 36 130* il* 3 31* 5 *Xt Sale 70 Sale Sale 82 20 Scranton Elec $6 pref......* 110 Scranton Lace Co common..* Scullin Steel Co % 46 X 1% 1,800 1,900 IX 3% 3X 40 X 3x Highest Sale Prices Sale 2% 8H 1 Scranton-Spring Brook Water Serv $6 pref IX 38 107,400 St Regis Paper Co.. 5 I,575 7% preferred 100 3,800 Samson United Corp com 1 2,900 Savoy OH Co...............5 3,300 Schlff Co com............. 4,100 Scovtlle Mfg Co 25 400 IX "8 8X Sale 7% Sale Safety Car Heattnit At Ltg_„.* 5,100 13,900 1,100 7 5% St Lawrence Corp Ltd......* A $2 cony pref..........50 1,100 4,000 12 % 1,750 10,400 900 13 16 40 1,050 6,600 225 1 Lowest Ask Ask Bid 8 * St Anthony Gold Mining Bid 6 11,300 Ryan Consol Petroleum * 19,100 Ryerson & Haynes Inc com.l 1,200 Ask 10 % 3,400 7,100 50,400 jan. Sale Prices Mar. 31 Mar. 1 1938 STOCKS (Continued) 1,900 Roeser & Pendleton Inc..—* 5,900 Rome Cable Corp common..5 3,300 Roosevelt Field Inc __6 14,000 Root Petroleum Co com 1 1,400 $1.20 conv preferred 20 1,700 Roaaia Internet Corp * 3,750 Royal Typewriter com... * 4,500 Russeks Fifth Ave Inc 2.50 24,200 Rustless Iron Ac Steel Corp_.l 900 range since Price Jan. 3 Par 350 Rochester G At E 6% pref.ioo 4,200 2,200 5,400 EXCHANGE CURB sales Since Jan. 1 In TOEK Jan. Jan. Mar. 30 60% Mar. 61% Mar. 21 11 10 19 4 4 Selfrldge Prov Store*, Ltd— 400 American dap rets 2,600 1,600 £1 Sentry Safety Control 1 Serrlck 1 Corp class B com "l",806 "3",900 19,900 16,100 43,100 Severalty Aircraft Corp.....l 43,800 Shattuck Denn Mining 5 300 700 Shawlnlgan Water At Power.* 5,700 19,300 Sherwin-Williams Co com..25 Seton Leather com 410 120 100 Shreveport Eldorado Pipe Line stamped SUex Co (The) common Simmons-Boardman 50 50 610 .... 83 Sale* Sale 20X 21X Sale 88 Corp 4X Sale 2X Sale 5X, Sale 18 19 X 68 Sale 21X Sale conv 5X 5X 6X 6% 6X 4,700 28,400 4,000 7,900 pref ... £1 2,200 2,900 3,500 4,600 60 560 600 Sale 224 5 IX Sale Sale 3 Sale 212 Sale Sale 5X 4X 5X Corp............-1 SO88 Mfg Co South Coast Corp com 1 Sou Calif Edison prof B....25 25 .....25 5%% pref class C 5% original pref 2 1% 3 4X 3 6% Sale 2% 3 26 X 24 IX Sale 5% 5X 3X 3% 1% 1% 3% 2% 26% Sale 24% 25% Sale 5^ ... 24% 22% Southern Colo Pow cl A..25 80 South New Engl Telep Co. 100 1,700 4,500 5,100 "IX "2~X 4% 4% 2% 2% 6% Sale 12,900l Southland 10,200 200 130 39 50 5X 4,000 Spencer Shoe Corp 146 100 1,000 1,200 200 * Common 250 $1.60 conv pref new 1 2,100 Stand Invest $5% P*«f w w. 23,100 Standard Oil (Kentucky) ..10 1,400 3,900 2,200 Standard Oil (Nebraska) 25 9,810 Standard Oil (Ohio) com..25 . 425 550 58,800 5,100 II,750 16,200 1,800 1.300 100 5% pref Standard Power At Lt com. Class B Mar. 16 Mar. 1 Mar. 16 Mar. 7 Mar. 18 % Mar. 26 Mar. 18 8 common.. 16% Mar. 23 1 % Mar. 25 2% Mar. 26 16% Mar. 23 2 Mar. 1 Mar. 31 240 212 2% Mar. 4 Mar. 3 4% Mar. 28 Mar. 11 5 Mar. 17 % % 2% 2% 10% 17% 11% Sale 25% 23% 1% 1% 3% 2% 25% 23% 34% 1% Mar. 26 Mar. 26 Mar. 28 Mar. 30 Mar. Mar. Mar. Mar. 30 29 25 31 Mar. 17 13 3% 1% 5% 3% 27 Mar. Mar. Mar. Mar. 2 1 2 2 Mar. 10 Mar. 2 25 35% Mar. 8 1% Mar. 24 4 IX Feb. 10 Jan. 10 17 24 2% Mar. 16 10% Jan. 11 5 % Feb. Mar. 1% Jan. 5% Mar. 18% Mar. 68 107 20 Jan. 90 Mar. Jan. 12% 17 Sale 8X 9X 19% 21 99% 101% 1% Sale Sale ... Standard Products Co 1 Sale Standard Silver Lead 1 Sale Standard Steel Spring Co..5 Sale Standard Tube class B 12 25 110% Mar. 18 Jan. % Jan. % Jan. 5% Jan. 8 Mar. 7 18a 16% Mar. 23 2% Jan. 13 5% Jan. 14 Jan. 12 Mar. 31 243 16% Mar. 23 1% Mar.,25 2% Mar. 26 212 4% Mar. 28 5% Jan. 12 15 r$ o 2% 1% Mar. 18 2 4% Mar. 7 2% Mar. 2 6% Mar. 8 5% Mar. 29 30 Mar. 30 39 20 19% Mar. 26 20% Mar. 26 % 3* 1% Sale 19% 3% Mar. 23 Sale Sale x 13 1 6% Sale 20% 21% 95 98 5% 15 22 % Mar. 3 1 Mar. 18 rl% Mar. 10 % Mar. 22 12% Mar. 30 20 Mar. 28 Mar. %6 Mar. 1 8% 7 16% Sale 97 95 15 88 Jan. 13 Mar. 17 13 Mar. 17 1% Mar. 26 1% Mar. 26 3% Mar. 28 2% Mar. 30 2 1% Mar. 2 5 Mar. 29 Mar. 31 Mar. 5% Mar. 39 Mar. 6% Mar. 30 7% Mar. 11 21% Mar. ~ Mar. 99 % Sale %6 1 3% Sale %6 Sale 5% 8 2 2% % % 3% %. 6% 2% 4% Sale 15% 4% 4% 3% Sale 2% Mar. 26 Mar. 24 1% 1% 6% % Mar. Mar. Mar. Mar. Mar. 26 8 Mar. Mar. 28 2% Mar. Mar. 26 Mar. 30 Mar. 1 31 24 20 Feb. 26 Jan. 20 Mar. 18 Jan. 11 1% Jan. 17 % Jan. 13 12% Mar. 30 Jan. % Feb. % Jan. 3 18 Jan. 22 Jan. 17 5 Jan. 26 22% Mar. 8 2% Feb. 21 Jan. 12 5 !§* 1% Sale 1 1% 6% Sale % Sale 8 9% 2% 3% Mar. 22% Jan. 19% Mar. Mar. 29 14% Jan. 14 15 11% Mar. 17% Mar. Mar. 29 98 21 4 5% Jan. 20 2% Feb. 14 7% Jan. 8 2% Feb. 28 11% Feb. 17 15 Feb. 40 % Feb. Feb. 3% Mar. 30 3% Mar. 2 1 % Jan. 4 6% Jan. 11 3% Jan. 28 27% Feb. 11 25% Feb. 15 36% Jan. 20 25% Mar. 23% Mar. 34% Mar. 1 3% Mar. 17 rl% Mar. 10 % Mar. 22 16% Mar. 17 22%'Mar. 8 2% Sale 5% Jan. 140 4% ...20 10,300 26,500 1,700 3,850 6,000 1,100 16% % Sale X % 4% 1% 2% % 16% 17% 21% Sale 3,100 Standard Cap & Seal com—I Conv preferred 4,100 10 Standard Dredging Corp— 650 Mar 2% 8% 19% 31 89% 110% 2 130 3% 2% 5% 30 4 ....... 346 Stahl-Meyer Inc com 1,800 Standard Brewing Co Sale Sale Sale 4 Sale "1% Sale" 115 23% 20% Spanish At General Corp Ltd Am dep rets ord reg shs..£l 1,000 100 Am dep rets ord bear...If 400 145 o Royalty Co....-5 South Penn Oil...........25 450 So West Pa Pine Lines "l",406 68 13 I,900 Southern Pipe Line.......10 4,2001 Southern Union Gas com...* """500 1% Feb. % Jan. 88 2,000 ..1 Solar Mfg Co Sonotone Mar. 5 9 IX Mar, 5% Mar, 30 18% Mar 18 X Mar. 26 6% Mar. 9 8 . 25 Sioux City G At B 7% pref.100 Skinner Organ Co 25 Smith (Howard) Paper Mills 2,400 15,500 2,500 1,900 Mar. 24 4 109% Mar 25 Singer Mfg Ltd— Am dep rets ord reg shs. 3,400 25 500 a* 4 2 Pub 12,200 Simmons H'ware At Paint Co * 7,700 Simplicity Pattern Co... 1 1,150 Singer Mfg Co. 100 1,600 IX 6X 19% % 5% 5 5% IVs 2 8X Sale X 3X 100 Sherwln-Williams of Can...* 2,800 4,400 5,300 5* 5% cum pref A A A 600 800 3* Mar. 31 18 14 Jan. 10 7% Jan. 26 Jan. 10 6% Mar. 29 16% Mar. 30 22 98 99% Jan. 5 Jan. Jan. Jan. Jan. 9% Jan. 14 Feb. 25 % Mar. 26 % Mar. 26 3% Mar. 30 %s Feb. 6% Mar. 26 2% Jan. 1% 1 % 8% %« 3 Jan. 3 17 3 10 8 Standard Wholesale Phos¬ 19,500 phate Ac Acid Works 20 49,100 Starrett (The) Corp v t c..1 300 Stein (A) At Co com • 6%% 3,200 "~7~, 200 150 325 350 350 4,000 1,800 7,500 1,550 400 1,100 3,200 400 preferred ..100 Sterchl Bios Stores Inc.....* 3% 4X 10 Sale 12 2% Mar. 29 8% 2% Sale 2% Mar. 30 24% Mar. 31 Stetson 6 4% 2% (S) At Co Inc ...* Sullivan Machinery Co 13 Sale * 600 Sunray Drug Co common...1 66,100 Sunray Oil 1 2,100 5%% conv preferred.....50 100 """300 4 2 1% ...5 Stroock Sale 25 9,300 2,400 3,300 6,100 40,200 9,100 18,400 5,100 5,700 9,700 102,600 36,100 Teck Hughes Gold Mines 50 For footnotes Taggart Corp com .........1 Tampa Electric Co • Tastyeast Inc class A.......1 Taylor Distilling Co 1 Technicolor Inc common • 125 Tenn El Pow 7% 1st pref..l00 see page 53. 3% Mar. 2 1 2% Jan. 11% Jan. 16% Sale 30% 34 Mar. 11 7 Mar. 11 7 Mar. 31 6% Mar. 1 4% Mar. 16 2% Mar. 4 4 1% 9% 8% 12% 3 33 2% 11 9% 14% Sale 36% Sale 4 Sale 3% Mar. 29 2 Sale 2 5% "2% "2% 4 Sale V* c\* 7 % 7 8 2% 25% Sale Sale 8% Sale 31 Mar. 24 5% Mar. 24 1% Mar. 29 7 % Mar. 30 7 Mar. 29 8 Mar. 28 2% Mar. 31 31 5% 8% 109 111 4X Sale 27 16% 5% 29 Sale Sale 4% 7 26g 5 28 % % 1% 1% 20% Sale 5% Sale 47 53 2% 26% % % 14% 4% 35 Sale 28 Sale 1 Sale Sale 45 10 Mar. 14 12% Mar. 3 Mar. 9 1 Mar. 22 31% Mar. 19 5% Mar. 11 5% Mar. 11 112 4% 6% Mar. 2 1% Mar. 16 10% Mar. 9 Mar. 11 112 2% 26% % % 14% 4% Mar. Mar. Mar. Mar. Mar. Mar. 44 Mar. 29 29 30 31 30 30 25 Mar. 11 4% Mar. 29 Mar. 17 % Mar. 1% Mar. 21% Mar. 5% Mar. 44 7 9 3 2 4 Mar. .29 28 20 Jan. 21 Mar. 11 Mar. 11 Mar. 31 3% Mar. 29 2 5% Feb. 17 12% Jan. 26 4% Jan. 2% Mar. 3 24% Mar. 3 26 100 Superior Port Cem B com. $3.30 class A part...... Swan-Finch Oil Corp .....15 1,250 Swiss-American Elec pref.100 Mar. Mar. 11 3% 6%, Sale Sale (John B) Co com...* Stlnnes (Hugo) Corp 5 7 24% Sale 2d preferred 200 25,300 3 13 1st preferred.. .....50 20 10,000 Sterling Aluminum Prod 1 3,600 Sterling Brewers Inc ...1 16,700 Sterling Inc 1 4,000 2,300 2,750 8,800 2% 11% 100 Mar. 24 Jan. 8 4% Jan. 3% Jan. 25 10 8% Jan. 13 17 7 5% Mar. 24 1% Jan. 7% Mar. 30 2 Feb. 12 Jan. 7 10 Mar. 14 Jan. Feb. 1 Jan. 18 Mar. 22 36% Feb. 1 Jan. 15 11 Jan. 15 5% Mar. 11 7 Feb. 23 116% Jan. 21 8 Mar. 28 2% Mar. 31 31 11 103 Feb. 8 2% 26% % % 14% 4% Mar. Feb. Mar. Mar. Mar. 44 Mar. 29 29 31 30 30 Mar. 25 5% Jan. 10 29% Jan. 8 X Jan. 10 1% Jan. 11 21% Mar. 2 5% Jan. 5 48 Jan. 27 NEW CURB YOKE EXCHANGE 49 PRICES IN MARCH NEW TORE CURB EXCHANGE n* ?: 6, STOCKS (Concluded.) Texas PAL 7% pref Texon Oil A Land Co. Ask Bid Mar Ask Bid Bid 31 Lowest Ask 10' .....2 9 Tilo Roofing Inc. Tlshman Realty 8c. Sale 11 Sale 4 Thew Shoxel Co common...5 8 ......1 ~4X Sale 3X 1054 Sale ex Sale Sale 7% Sale Sale 10 Highest Lowest Sale Prices Sale Prices Tobacco Prod Export*......* Tobacco Secur Trust Co Ltd 1. Am dep ret* ord reg ihi.Jl 3: Am dep ret* def reg... 5s Todd Shipyard* Corp...... 96 X Mar. 17 3 X Mar. 29 ex Mar. 29 7X Mar. 31 97% Mar. 16 4X Mar. 1 11 % Mar. 1014 Mar. 1 4 50 214 57 2 54 16 H 17 54 2 254 4414 Sale 53M 67 X 52 J 3% 21 1614 2X 55X Sale 13X 15i% A* 44 67X Sale Mar. 18 50 Mar. 18 50 2X Mar. 31 3X Mar. 2 Mar. 2 10014 Mar. 1 iex A* 46 Trans-Lux Plct Screen com.l Transwestern OH Co -.10 Tri-Contlnental Corp Warr.. Trunx Pork Store* Inc ....* 314 Mar. 29 614 Mar. 29 714 Mar. 31 Feb. 17 Mar. 18 5 50 214 Mar. 31 100 X 54 2% Sale 614 Sale X Sale Mar. 24 % Mar. 25 2% Mar. 4 Mar. Jan. 2 454 Mar. % Mar. 7X Mar. 7 X Mar. 3 7X Mar. 16 414 Mar. % Mar. 714 Mar. m 5X Mar. 26 854 Mar. 514 Mar. 26 7X ex Mar. 2 2 Mar. 1, Common........ 1 Glass A..................1 Tung Sol Lamp Wks 80-cent dir com... 1 pref..........* Ulen A Co 714% pref ...25 5% preferred...—.......25 Series A preferred.. Series B pref 3, 5, 1, 16, Unexcelled Mfg Co Inc ..JO 25 Sale s* m ...... 23 Sale 5X Sale 254 114 10 Sale 2% 3 U 2 1 * Union Investment Co com..* Union Premier Food Stores. 1 Union Traction Co .50 Sale 24 Mar. 26 Mar. 31 3 5X Mar. 31 Mar. 3 2% Mar. 2 OX Mar. 10 IX Mar. 26 2% Mar. 2 30 lg F —* * Union Gas of Canada 5X 17 2 714 Sale 1 13 X 13 5 12 5% Sale IX 2X 1 IX IX IX 2 Sale 1 11X 3X 10 12 5 Sale 4 1 Mar. 16 2 X Mar. 30 11X Mar. 30 3 J* Mar. 30 10 Mar. 30 2X Mar. 21 . Mar. 16 2 IX 13X 5% 12 X 2X Mar. 2 Mar. 9 Mar. 7 Mar. 12 Mar. 21 24 Mar. 26 Mar. 31 2 514 Mar. 31 214 Jan. 26 1 % Jan. 7 114 Mar. 26 2 Mar. 16 % Mar. 30 1114 Mar. 30 314 Mar. 30 10 Jan. Jan. Jan. 7^4 Tubize Chatlllon Corp— 29, 3, 10, 2, 314 Feb. 21 AS? 4 9814 Mar. Mb Jan. X Mar. 2% Sale % Sale Feb. 17 Mar. 18 5 50 A* Mar. 4% Sale % Sale m 9814 Mar. Xs Mar. X Mar. 414 Jan. 7 12)4 Jan. 12 1014 Mar. 4 13 28 Feb. 26 Jan. 19 Jan. 22 Jan. 20 Jan. 21 3X Jan. 20 Jan. 11 Jan. 13 Mar. 16 114 Feb. 56 44 92 Edison 4% pref..100 7% preferred A........100 Tonopah Belmont Develop.. 1 Tonopah Mining of Nev 1 Highest Sale Prices Jan. 24 9614 Mar. 17 102 1514 Feb. Mar. 29 44 Toledo 10, 16, 31, 12, 1 Sale Prices Constr.. * TobsccoA Allied Stock*....* 13, Mar. 1 1938 J are; RANGE SINCE JAN. Price Jan. 3 3 214 Mar. 21 1114 Jan. 12 35 Jan. 11 314 Jan. 7J4 Jan. 12 12 214 Jan. 11 214 Jan. 12 214 Feb. 28 Mar. 16 2 114 Mar. Jan. 15 2 14 614 Jan. 11 14)4 Jan. 21 214 Mar. 21 United Airraft A Transp— 45, 10 H Sale Warrantee........ United Chemicals Inc— ..... 1, Common 65, 4X 35 45 X Sale 56 */ 4 Sale S3 cum partlc pref........* Un Cigar-Whelan Stores. 10c M: United Corp warrants..... United Gas common .......1 25' $7 1st non-vot pref.......* Warrants................. United GAB 7% pref... 100 United Lt A Power com A...* 80, 2, 64, 1, Common class B * IX Sale ........ 92^ Sale 4X Sale 4X Mar. 30 9X Mar. 1 414 Mar. 30 2X 2 Mar. 25 Mar. 25 3% Mar. 7 2 Mar. 4 Jan. Mar. 25 30 Mar. 34 jFeb. .2X 35 29 30 3X Sale 354 4% oaie 17 X 68 20 71 2X Sale 2X 3X Sale Sale 24 X 19 X 63 73 30 Sale Mar. 25 Sale Mar. 29 254 Mar. 30 4X Mar. Mar. 31 92 X Mar. % Mar. 29 % Mar. 254 Sale 69 Sale 69 % Sale IX Sale IX 3X 13 X Sale 19 Sale 60 71X Mar. Mar. 25 1X Mar. 29 2X Mar. 26 13X Mar. 30 69 20 X Mar. 26 1 14*Jan. 514 fJan. Mar. 100 64 Mar. 24 Mar. 114 214 1314 1714 20 2 10 4 12 Mar. Mar. Mar. Jan. Jan. 6 114 Jan. 16 Mar. Mar. ■ %jjan. 14 Mar. 14 Mar. 214 Mar. 69 2X Mar. 2% Mar. 17 24X Mar. 4 Mar. 30 18 1 Mar. 12 yi 64 $6 1st pref...............* United Milk Products com..* S3 preferred 9X Sale 4 ....__* .... 13 77 Jan. 18 314 Jan. 4X Jan. 11 12 26l| Jan. 13 20 Mar. 24 United Molasses Co Ltd— 1, Am deo rets for ord reg.... United N J RR A Canal.. 100 3, Unit Profit Sharing com.. 25c Preferred ....10 55" 44, 6, k United Shipyards class A...1 Class B ........1 United Shoo Mach com 25 Preferred 25 United Specialties common. 1 18 U S Foil class B 4 _....* USA Internet Sec com... 1st preferred with wart...* U S Lines Inc pref....... * U S Playing Card com 10 U S Radiator com ..1 I: i i: U S Rubber Reclaiming....* U S Stores Corp com....... S7 Conv 1st pref...—_ 3, 3, 43, 40, United Stores Corp com vtc * United Verde Extenoion. .50c 13, Universal Corp v t C........1 United Wall Paper Universal Consol OU Co Universal Insurance.. .....8 Universal Pictures com.—1 1 12 2, 10 Universal Products Co Utah Idaho Sugar Co......5 Utah Pr A Lt 37 pref...... Utah Radio Products com. 3 Utility Equities com ....._.* Priority Stock.......__..* Utility A Ind Corp com.....5 2 1, 7, 20 6% 6X 6X 8 11 254 Sale 1 IX 71 5 5X «8f Sale 5X Sale a \* 50 X Sale IX IX 21X 22 X 2 fx 3 IX 2X 4 $ 2X Sale 5 8X IX Sale 9 13 3X IX 11 8% 6% Sale Valspar Corp common......1 $4 conv pref.... ..5 3 5 Van Norman Mach Tool com 5 Venezuela Mexico OU—10 35, Venezuelan Petroleum.....1 Virginia Pub Serv 7% pref 100 3, Vogt Mfg Corp... ... Waco Aircraft Co... S: .♦ ...» Wagner Baking com v t c * 7% preferred...........100 Wahl (The) Co common....* 514 6 Walker Wayne Knitting Mills 1 Wentworth Mfg Co ..1.25 Western Air Express Corp.. 1 Western Grocery com.....20 9 Mining ! 52 U 114 22 554 Sale IX Sale 50 X Sale 40 X Sale 2X Sale ex 3 214 X Sale X '~5XMar ."30 "7%"Mar."15 Jan. 4 IX 50X 39 X 2% 3% 42 Sale 2 IX Sale Mar, 1 Mar. 22 X Mar. 2 Mar. 1 % Mar. 29 Mar. 2254 2X Sale 11 Sale 254 3 11 7X IX Sale IX Sale IX Sale 7% 11 1% Sale 6 9h 3% eh 10 Sale 1 Sale Mar. 1 69% Mar. 8 2 5X Mar. 55 Mar. Mar. 4 314 Mar. 2 2% Mar. 15 30 Mar. 11 3m Mar. 11 2 Sale 41% Sale Kb Sale 1% Sale X Sale X 2 2X Sale 26 12X Sale 3X IX 14H 3U 151 ex ex 2X Sale 11 10 15 Jpi 35 2X Sale 15 Sale 11 5 3 Willson Products Inc i, Wisconsin PAL 3, 12, 5, 2, .60, 18, Yukon Gold Co 8 8 Mar. 23 Mar. 29 53. 3* Jan. Feb. 19 14 Mar. 29 3 Mar. 29 10 1 1 Mar. 31 Mar. 26 Mar. 4 Mar. 25 Mar. 31 Mar. 26 1 Mar. 25 Mar. 30 IX Mar. 30 30 Mar. 17 2X Mar. 8X 5X Sale Sale VA Sale 5X 8X 11 Mar. 31 2% Mar. 29 X Mar. 26 70% Mar. 14 5X Mar. 31 IX Mar. 29 5X Mar. 29 olH 36 IX Mar. 8 11 8 7 2X 3 8 Mar. 11 Mar. 31 Mar. 30 Mar. 29 Mar. 26 Mar. 30 Mar. 30 2X Sale 7 3 214 Jan. 5k Jan. 17 3 2 Jan. 14 1714 Jan. 8 Mar. 4 1 8 Mar. 11 114 Mar. 3 6% Mar. 16 5 Mar. 22 554 Mar. 2 214 Mar. 11 4 Mar. 15 114 Mar. 30 Mar. 12 IX Mar. Mar. 25 14 Jan. 7 114 Mar. 30 11 9 1 214 Jan. 25 26 2% Mar. 8 1614 Feb. 18 114 Jan. 10 43% Jan. 15 Jan. 3 ' 1 12 Mar. 23 Jan. 11 5 1554 Mar. 5 3% Mar. 9 111 Mar. 3 71X Mar. 4 7% Mar. 22 Mar. Mar. 314 Jan. X Feb. Mar. Mar. Mar. 36 Jan. 13 Mar. 29 8 8 4 IX Feb. 23 214 J&n. 13 11 IX Sale *11"" Sale' Mar. 5 31 3 Mar. 25 7 14 11 1 13 10 414'Jan. 20 314'Jan. 13 H Jan. 11 Mar. 23 Mar. 36 23 8 Jan. Jan. IX Mar. 4 16 Feb. Feb. 21 _ Mar. 23 Mar. 18 3 77% Jan. Jan. 3 Mar. 31 214 14 70 514 Mar. 29 Mar. 26 Feb. 23 Mar. 31 114 Mar. 29 514 Mar. 29 Jan. 3 1014 114 Mar. 28 44 Jan. 7 16 Jan. 314 114 7714 z7% Feb. Jan. Jan. Feb. 314 Jan. 11 %"Jan. 83 Jan. 8 IX Mar. Jan. 4 7 28 1 Mar. 31 6 Mar. 30 414 Mar. 29 6 2% Jan. 6 40% Jan. 21 14 Jan. Jan. % Jan. 114 Jan. 6jf 18 14 6 10 28 8 4 12 10 Mar. 16 614 Jan. 314 Mar. 26 114 Mar. 30 214 Mar. 30 8 Jan. 7 11 23 18 Jan. Jan. 12 17 Jan. Jan. 8 13 7 Jan. 12 30X Sale 22 22 X 25 30X Mar. 31 61 Mar. 16 3014 Mar. 31 75 19X 195* Mar. 30 9% Mar. 2 22 H Mar. 14 Mar. 2 1914 Mar. 30 2214 Mar 14 914 Mar. 2 6714 Mar. 29 16 Sale 7 Sale Sale 72 Mar. 16 214 Mar. 4 514 Mar. 17 5 Mar. 11 314 Mar. 1 3Ae Mar. 16 % Mar. 15 9)4 Mar. 7 814 Mar. 9 60 Mar. 23 214 Mar. 11 514 Mar. 21 6)4 Mar. 4 Mar. 29 Mar. 25 20 Mar. 25 Mar. 30 Mar. 28 4X 5% 4% Sale 25? 2% Mar. 25 Mar. 2 7 8 8 ex 9 7 60 Mar. 24 Mar. 26 Mar. 29 i* 10 1 5 Mar. 30 VA Mar. 30 X Mar. 28 11X 7% pref.100 Woodley Petroleum Corp...1 Woolworth (F W) Ltd— Am dep rets ord shs ...5s Wrlght-Hargreaves Ltd.....* Mar. 30 Feb. 11 2 Mar. 7% i* ...* Wolverine Port Cement.... 10 Wolverine Tube Co com 2 Mar. 29 1 22 Mar. Mar. 2X Sale 7 tWil-Low Cafeterias com—.1 Convertible preferred. _._* Wilson Jones Co com.......* i: 10 "814 Feb" "23 AnX 42 83 Weyenberg Shoe Mfg Co 1 Williams (R Q A Co. ..* Williams Oil-O-Matlc Htg...* com 12 614 Jan. 6% Jan. 114 Jan. 11 57 Feb. 28 1% Jan. 10 Mar. 25 36 preferred.............* W Va Coal A Coke Jan. Jan. 1 42 X Feb. IX Mar. 30 37 Mar. 25 X Mar. 26 IX Mar. 30 X Mar. 28 X Mar. 7 354 IX 7% 1st preferred.......100 Western Tablet A Stationery 1 Jan. 4 214 Mar. 26 314 Mar. 31 Mar. 30 pi Mar. 2% Mar. Western Maryland Ry— 2 Jan. IX Jan. 20 114 Mar. 214 Mar. IX Mar.23 5 9 10 ?8 Mar. 30 IX 1*/ 31 39; X Sale IX Sale % Sale Jb 2 ex io 354 IX 2% Sale 8X 11 614 Jan. 28 39 %j Mar. 29 Mar. 25 Mar. 29 Mar. 31 Mar. 26 Mar. 26 5 1% Mar. 11 23 30 1 1 % Mar. 28 1 Mar. 2 Mar. 6 30 29 Mar. 29 41 Mar. 11 Mar. 21 % Sale IX Sale Mar. 28 Mar. 30 Mar. 4 Mar. 26 Mar. 31 X Mar. 30 X "I"" Sale 22 H 9% Sale 4 57 154 2254 314 5 21 230 9 —J Common. Westmoreland Coal Co.....* West Texas Utilities Co— Jan. 14 Feb. 12 8 1 Mar. 8 Wellington Oil Co common..1 13 614 Jan. 1 Weisbaum Bros-Brower Co*.] 5 514 Sale 6 13 Waltt A Bond Inc class A..* Class B 3 ex X Mar. 25 2X 2X 42 X Sale 7% preferred...........103 9 Sale 2 6814 Sale Class B common..........1 2 5 IX 4X IX Conv preferred—.........7 tUtll Pow A Light com 1 3 ex 228 —~T ~2X 2% 4X Sale ex 7 2% 17X 15% 7X Sale IX Sale 5 ex 8 IX 3 5X ex iex Sale 2% "2% "3"" 3X Sale ex Sale 15 15% ex sale IX Sale 2 Mar. 23 Mar. 29 3X Mar. 31 6 Mar. 9 91* 9 Feb. 10 Mar. 30 Mar. 28 Mar. 25 Jan. 10 14 Mar. 24 8 7 60 2 Jan. 31 Mar. 29 Mar. 23 Mar. 29 72 Mar. 16 214 Jan. 18 714 Jan. 10 514 Feb. 9 Jan. 18 Jan. 4 1 Jan. 14 10 Jan. 14 9 66 3H Mar. 31 3 7 6 6 Jan. 21 14)4 Mar. 18 OX Mar. 31 1514 Mar. 8% Mar. 9 1 1414 Mar. 18 614 Mar. 31 IX Mar. 30 114 Mar. 4 114 Mar. 30 "si Feb. Feb. Jan. 11 12 Jan. Jan. 24 9 11 Jan. 28 Feb. 3 214 Jan. 11 NEW 50 AGGREGATE In March TOEK EXCHANGE CUBE RANGE SINCE JAN. I PRICES IN MARCH SALES NEW YORK CURB EXCHANGE Since Jan. 1 Price Jan. 3 Bid Ask Ask Bid Ask Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Mar. 31 Mar. 1 1938 BONDS 188,000 11,000 87,000 86,000 6,000 91,000 18".666 367,000 15,000 Abbott'* Dairy 6« 534,000 Alabama Power 4Hi 1st Ac re* 5i 39,000 237,000 1942 W 1968 235.000 1st 5a-.-. im 99 5,000 211,000 5* registered 104 Vi 102 Vi 104 Vi 67 Vi Sale Sale 76 80 81 71 Vi Sale 80 % Sale 91 % Sale 86 % Sale 1946 1956 — 98% 102 s7^ 101 1st ft »•♦*a.1. ..........iwi iopioevi 107 Sale "82" "79" "82" "92"" "94" 58 Registered.........1951 7,000 194* 57,000 Aluminium Ltd 5s.. 955,000 Amer Gas ft Elec deb 5s .3028 90 Vi Sale 106 Vi 67% Mar. 31 80 Mar. 12 71% Mar. 31 73 Mar. 1 91% Mar. 16 80% Mar. 29 92 90 81 77 Mar. 22 Mar. 7 Mar. 22 Mar. 23 103H Feb. 25 Jan. Jan. Jan. 3 3 .3 Jan. 13 99 Mar. 16 Jan. 6 92 Feb. 25 80 5 107% Jan. 108% Jan. 14 Jan. Jan. ¥ 71% Mar. 89 Jan. 91% Mar. 16 83 Mar. 7 91% Mar. 106% Mar. 10 106% Mar." 4 Mar. 15 106% Mar. 31 108 106% Feb. 106% Feb. 107 107 Vi 106 Vi Sale Sale 106v4 Sale 6s—.2016 991,000 77% Sale 243,000 Amer Radiator deb 0 Hs. 1947 105% 106 vi 79 Sale 50,000 American Seating 6s stpd 1946 247,000 Appalachian El Pr 5s 1956 105 Vi Sale 71 % 105 Vi 87 Sale 58% Mar. 31 73% Mar. 2 58% Sale 104% Sale 104% Mar. 31 106% Mar. 15 84 Mar. 1 87% Mar. 3 86% 87 191,000 Appalachian Power 6a_..2024 109 Sale 108% Sale - 102 65 78 79 80 Jan. Feb. Jan. American Power ft Light 282,000 172,000 6,000 66,000 66,000 167,666 262,000 226,000 4,000 212",000 4,000 129,000 11,000 215,000 10,000 133,000 29,000 18,000 80,000 42,000 72,000 4,000 379,000 885,000 630,000 35,000 1,000 667,000 4.000 400,000 14,000 613,000 44,000 462,000 153,000 147,000 192,000 62,000 136,000 7,000 5s 1941 Ark Louisiana Gas 4s 1951 Arkansas Pr ft Lt 5s.....1956 Associated Elec 4Vis Assoc Gas ft Elec .1W «%•—19«k 110" 107 Vi 99 % 92 36 27 lllvl 107 vi 100 36 Vi 26 4Vis registered........1948 />s.... ,• 1968 ... 5s registered...... 5hs 1st 5 Vis lnr ctfa reg 1938 IHs series G rnmmmmmmmrnm .1949 ..1977 5%SCons deb 8s... .. Assoc Gas ft Elec Corp Conv deb 4 Vis \mmoc Tel ft Tel . .19W 195* .. Atlanta Gas Light 414a.. 1955 Atlantic City Elec 3Vis.. 1964 Avery (B F) Sons 5s w W..1947 87% Sale Sale 28 30 20% Mar. 31 87% Mar. 31 Mar. 30 94% Mar. 37 26 21 "62"' "64" "84Vi "86" "74"" "78" 26 80 75 Mar. 29 91 "28"" Sale' "25Vi Sale" 20% Sale 25 Sale 20% Mar. 30 26 33 21% Sale 213 523 28Vi Sale 34 31 33 35 29 Vi Sale 53 Sale 50 Sale 72 Vi 73 Vi 93 Vi 94 37 Sale 5s. 1973 1973 5Vis A 30 20% Sale Sale Sale Sale' "22"" Sale' "29% .1968 ctfc.......... 195* 108% Mar. 31 110% Mar. 72 92Vi Sale 95 Jan. 13 58% Mar. 31 81 104% Mar. 31 106% Mar. 15 79 Jan. 3 90 Jan. 14 104% Jan. 27 105% Jan. 3 Jan. 14 112 Jan. 12 Feb. 24 102 95% Jan. 11 5 107% Feb. 106% Jan. 98% Mar. 86 Jan. 2 16! Vi Sale" "99% Sale" "98% Mar."§! !62"""Mar""9 93 Vi Sale Sale 29 Sale Sale 99vi 49 62% 96 65 Sale Sale Sale 94 97 91 99v 90 25 62) 933 Mar. 31 Mar. 26 Mar. 28 Mar. 31 Mar 31 Mar. 8 Mar, Mar. 30 Mar. 4 "29~" Mar. 2 Mar 25 . Mar. 27% Mar. 92Vi Mar. 21 8 26 l! 62 1 1 9 3 97 91 96 Mar. 31 100 Mar. 31 95 Mar. *4 Mar. 3 Mar. 9 57 Mar. Mar. 41% Jan. 64% 20% 25 21% 46 42 33 19 10 27% Mar. 8 92% Mar. 11 Jan. Jan. Mar. Mar. Mar. Jan. Feb. Mar. Mar. 11 91 29 Jan. 10 Jan. 13 Jan. 10 Mar. 1 Mar. 9 Jan. 13 36 34 54 50 80 96 62% 92% Feb. Mar. 57 10 16 Jan. 28 Mar. Mar. 97 90 Feb. Jan. Mar. 20% Mar. 26% Jan. 6 Mar. 11 Mar. 2 Mar. 16 30% Mar. 54% Mar. 50% Mar. 72% Mar. 30 Mar. Mar. Mar. Mar. 100 Feb. 95 _ 3 9 Baldwin Locomotive Works 408,000 94,000 134,000 90,000 8,000 73,000 23,000 5,000 170,000 238,000 178,000 46,000 169,000 37,000 94,000 5,000 42,000 31,000 294,000 281,000 409,000 146,000 49,000 10,000 9,000 56,000 190,000 11,000 16,000 1,335,000 ♦Convertible 6s. ...—1950 369,000 Bell Tel of Canada 5s.._.1955 228,000 1st U 5s ser B June 1 1957 5s series C .....1960 140,000 56,000 Bethlehem Steel 6s—1998 229,000 Birmingham Elec 4V4*...1?68 75,000 Birmingham Gas 5s.....1959 46,000 Broad River Power 5s A.. 1954 260,000 470,000 504,000 122,000 485,000 174,000 249,000 30,000 51,000 59,000 795,000 440,000 668,000 517.000 Canada Nor Power 5s.... 1953 Canadian Pacific Ry 6s.. 1942 Carolina Pr ft Lt 5s.—.1956 Cedar Rap Mfg ft Pow 5s. 1953 Cent 111 Pub Serv 4 Vis F. 1967 5s series E... .........1956 Cent Ohio Lt ft Pr 5s A..1950 Central Power 5s ser D.. 1957 Central Pow ft Lt 5s.....1956 Cent State* Elec 5s ....... — 1948 5 Vis ...1954 Cent States Pr ft Lt 5Vis.l953 Chicago Dlst El Generating 145,000 4Vis series A 1970 6s series B. .1961 14,000 Chicago 111 Midland Ry— 63,000 4Vi» series A.... ...1956 Chicago Junction Rys ft Union Stock Yards 5s. .1940 107,000 396,000 t*Chtc Rys 5s ctfs of dep.'27 40,000 Cincinnati Street Ry 5Visl952 ...... 73,000 6s series B.—.......1955 Cities Service 5a. 372,000 119,000 5s.....—. —1969 226,000 462,000 Cities Service Gas 5Vis.. 1942 197,000 Cities Serv Gas Pipe L 69.1943 941,000 Cities Service P ft L 5 Vis. 1952 442,000 5Vis gold deb .........1949 337,000 282,000 5s 1966 ........1940 registered 37 Vi 39 vi 44 Vi 99 90 93 Sale Sale 92 Vi 106 vi 106 vi 44% 47 90 5s.... .. Sale 93% Sale 89 96 Sale 85 , Sale 105 Vi 108 140 Sale Sale vi Mar. Mar. 89% Mar. Sale Sale 68% Mar. 79% Mar. 23% Mar. 24 Mar. 23% Sale 24 Sale 33 Sale 106 Sale 105% Sale 91 96Vi 50 Sale 44 Sale "58Vi Sale" ............1958 58% Sale 52 h 52 X 101 Vi Sale Sale 98 Vi 101 Vi 55 56 Sale Sale Sale Sale Sale 45% Sale 45% Sale 89% Sale 94 Sale 40 40 Sale Sale 1 Mar. 7 85% Mar. 22 115 Mar. 17 90% Mar. 4 99 Mar. 16 98 Mar. 16 89 Mar. 2 94 Mar. 2 108 94% Mar. 93 85 1 Mar. 1 Mar. 28 104% Mar. 113% Mar. 86% Mar. 72% Mar. 23 88% Mar. 3 37% Mar. 1 37% Mar. 2 45% Mar. 2 32% Mar. Mar. 30 105% Mar. 1 107 105% Mar. 31 106% Mar . 29 88 Mar. 28 93% Mar. 22 47% Mar. 30 43% Mar. 30 64% MAr. 7 57% Mar. 57% Mar. 100 64 78 Mar. Sale 90 79 73 Mar. 25 78% Mar. Mar. 106 vi—— 103% 105% 105% Mar. 24 106% Mar. ',0,, Mar. 31 46 Sale 51 Mar. 42% Sale Mar. 83 Vi 84 8 85% Mar. 88 Vi 75 Mar. 16 89 89 Mar. 90Vi 80 90% 88 64 Sale 57 Vi Sale Sale 57 58 's* 90 62 Sale 94 98 105 Vi 93 Mar, 71% Mar. 101% Mar. 100% Mar. 100% Sale Sale 84Vi 73 114 114% 113% Sale Sale 86 89 Vi Sale — Sale Sale Sale 45 Vi Sale 40 137 1 79 Feb. 25 114% Jan. 18 122% Feb. 2 122% Mar. 21 140 Mar. 25 113% Mar. 10 111% Mar. Mar. 120% Mar . 10 118 122% Mar. 21 120% Jan. 71% Mar. 84% 96 Vi 96 Vi 118 121 102% Sale 104 Vi Sale 107 k 77 Mar. Mar. 111% Mar. 71% Sale 87 Vi 37 Vi 37 Vi Sale 85 89 Vi 83 69 70 59 Sale 88 94 105 Vi 106 Vi 105 Vi 108 91 vi 64 1950 Conv deb 5s 91 66 86 % 57 Sale 76 Vi Sale 112Vi Sale 111% Sale 120Vi Sale 118% Sale 121 121 Vi 121% Sale 135 142 137% 140 78 Sale 71% Sale 79 85 103 Vi 103 Vi 106 Vi 107 96 Vi Sale 114 115 Sale Sale 99 88 168,000 53,000 82 98 1*81 Sale Sale 121% Sale 129% 130 79 si ji 56 Vi 57 vi 4 Vi« series H 1,000 157,600 120 5s Series G...........1V68 140,000 2,595,000 1,000 68,000 1,057,000 „ 67 112% Sale 59 Mar. 59% Mar. Mar. 99 Mar. 102 40 Mar. Mar. Mar. Jan. Feb. Jan. ii 12 3 104% Mar. 1 108% Jan. 18 101% Mar. 100% Mar. 73 98 115 85 13 Jan. 11 101% Jan. 99% Jan. 91% Jan. 94% Mar. 93 Mar. Jan. Jan. 93 Mar. 113% Mar. 86% Mar. 17 6 6 6 Feb. 23 96 72% Mar. 23 Jan. 15 79% Mar. 31' 90 Jan. 14 23% Mar. 31 41 Jan. 12 24 41 Mar. 31 32% Mar. 31 46% Jan. 17 Mar. 89% Mar, 66% Jan. 105% Jan, 105% Jan. 88 5 107 11 Mar. 28 Mar. 30 107% Jan. 24 Jan. 95 11 8 2 2 7 3 4 2 47% Mar. 65 43% 57% 42% 43 89% 60% Jan. 10 57% Mar. 7 3 7 Mar. Mar. Mar. Mar. Mar. 40 40 Jan. Feb. 59 59% Mar. 24 4 Feb. 23 4 102% Feb. Feb. 24 57 57% Feb. 24 Mar. Mar. 70 Feb. 25 100 91% Mar. Mar. 88 85 67 87 24 106% Jan. 5 42% Mar. 31 52% Jan. 15 83 87 Jan. 7 Feb. 3 88 Mar. 16 91% Feb. 7 56% Mar. 40 Jan. 71% Mar. 55% Jan. 71% Mar. 7 105% Mar. Mar. 69 42% Mar. 43 Mar. 89% Mar 91% Mar. 130 ♦Commers und Prlvat 39,000 116,000 Bank 5Vis—...... 1937 112,000 99,000 81,000 3,000 7,000 4,000 277,000 Com'w'lth Subsld 5 Vis A.1948 223,000 Community Pow ft Lt 5s. 1957 139,000 422,000 185,000 Community Pub Serv 5s A1960 3,000 Conn Ltg ft Pow 7s A....1951 37,000 Con sol Gas of Bait'5s.... 1939 25,000 4Vi s—..—... ...1954 87 Vi 70 99% Sale 106 Vi 108 103 Sale 103 Sale Sale 63 Vi 64 Vi 53 96 Vi Sale 96% Sale 126% 130 125% 130 105 Vi 107 105 107 120 Vi 125 121% 124 103 Vi Sale 105% 105% 105% Sale 103 vi 105 59 Vi Sale 94 Vi 127 95 Vi 128 122% 124 5 99% Mar, 31 102% Mar 29 103% Mar. 52 Mar 30 64% Mar. 96 Mar 10 97% Mar. 126% Mar 18 127% Mar. 8 99% Mar. 31 3 102% Mar. 52 Mar. 3 Jan. Jan. 2 Feb. 9 Mar. 9 Jan. 4 Jan. 31 9 105% Mar 26 105% Mar. 7 8 122% Mar . 14 122% Mar 29 104 67 30 94% Jan. 4 97% 126% Mar. 18 127% 105% Mar. 26 106% 120% Feb. 7 122% 5 15 Cor sol GBLftP Bait— -.1971 3Vis series N—— 105% Mar. 5 106% Mar. 14 103% Jan. 3 106% Mar. 14 Consol Gas Utilities— 96,000 651,000 27,000 30.000 15,000 98,000 194,000 1,308,000 96,000 13,000 174,000 165,000 35,000 307,000 43,000 438,000 381,000 143,000 32,000 36.000 56,000 93,000 49,000 31,000 313,000 73,000 448,000 10,000 17,000 70.000 ? 203,000 6s A stamped 1943 Continental G ft EI 5a ...1958 ...1940 55,000 Crucible Steel 5s 62,000 Cuban Telephone 7%s__194» ,...1944 84,000 Cuban Tobacco 8s 303,000 Cudahy Packing Co 3 Vis. 1955 .. Delaware Elec Pow 5 Vis..1959 62 61 Sale Sale 78 101 Vi 102 Vi 97 50 101 vi 64% 108 Vi 100% 101 Vi * 103 - 104 Detroit Int Bdge 6 Via—1952 ♦Ctfs of deposit......... 4% 5 4 5 ♦25-yr s f deb 7s ...1952 ♦Ctfs of deposit......... 1% Vi JVi 967,000 Eastern Gas ft Fuel 4s A. 1956 359,000 Edison Elec Ilium 3%s...1965 1,057,000 fc-lev Pow £c Lt 8»_ ........2030 31,000 Elmlra Wat Lt ft RR 5s.. 1956 73,000 El Pas6 Elec 5s A........1950 188,000 Empire Dlst Elec 5s 1952 512,000 Empire Oil ft Refining 5 Vis' 42 Ercole Marelll Elec Mfg 6 Vis .......... 1953 Erie Lighting 5s.. IVi 67 Vi Sale 107% 107 Vi 68 104 101 84 Sale Sale Sale 87 5 5 74 Mar. 25 Mar. 10 102% Mar . 19 Mar. 31 98 Mar. 3 Mar. 30 52 Mar. 11 90% Mar. 30 93% Mar. 1 i» Sale Sale Sale Sale Sale 86% 68% Mar. 107 77% Mar. 1 108% Mar. 10 Mar. 69 53% Mar. 100 98 104 102 Mar. Mar. 83% Mar. 73 Vi 81 Sale 72 Sale 72 Mar. 55 65 53 60 43 51 46 Mar. 30 Mar. 30 103Vi Sale 105 67 Vi Sale 65 105% 103% 105% 104 60 Mar. 4 Mar. 17 Mar. 2 90% Mar. 83 Mar. 71 Vi 1967 1954 Vi 77% Sale 69% Sale 107 Sale 53% 104% 100 102% 98 83 Sale 136.000 Federal Water Serv 5Vis.l954 Finland Residential Mtge 6s stamped 112,000 .........1961 201,000 Firestone Cotton Mills 5s. 1948 207,000 Plreatone T ft R Col 5s.. 1942 Power ft Lt 5v 4 Mar. 17 97% Sale 97% Mar. 31 102 Mar. 22 109% Mar. 18 108% ..... 109 92 Sale 91 Mar. 31 103 Mar. 2 93 Sale 93 Mar. 31 104% Mar. 6 4% 5 4 MaP. 25 5% Mar. 5% 5 Mar. 3% Mar. 25 1 Mar. 4 1% Mar. % 1% 1% Mar. % Mar. 28 107% 68% 103 101% 88% 54,000 650,000 Florida 101 91 47 62% Mar. Sale m m 36,000 210,000 4,000 First Bohemian Glas« 7s. 19*7 149,000 Florida Power Co 4s C...1966 58% Mar. 31 63% Mar. 31 109% 102% Sale 104% Sale 21,000 65,000 78,000 98,000 47.000 1,000 80,000 250.000 58% Sale 73% Sale 63% Sale 101% 102% 101% 102 91 Sale 96% 98 45 50 50% 55 90% Sale 93% Sale 100 100% Sale Denver Gas ft Elec 5s....1949 Detroit City Gas 5s B...1950 6s series A............1947 63 9 7 53 Mar. 8 105% Mar. 3 Mar. 85% Sale" 58 105 102% 104 104% 104% 102% Sale 104 Sale 104% 104 92 95 92 Sale 81%* 82% 79 82 Sale 74% Sale 102 71% 80 102% Sale 83 102 Mar. 18 102 102% 104 ji 105Vi 1.05 Vi 106 Vi 94 100 Sale Mar. 25 102 Mar. 25 Mar'. Mar*. 67% 104 Mar. 29 97% Mar. 108% Jan. 91 Mar. 93 Mar. 4 Mar. 3% Feb. 1 Feb. % Jan. Mar. Jan. Feb. 2 7 Jan. 25 103% Jan. 13 109% Mar. 18 Feb. 24 105% Jan. 18 5% Feb. 21 Feb. 21 5 1% Jan. 14 5 1% Jan. 103 14 19 14 3 18 9 7 Mar. 30 56 Feb. 4 102% Feb. 7 105% Feb. 24 58 103 Mar. 19 Mar. 12 Mar. 2 Mar. 1 12 10 18 46 105 92 85 82 Mar. Mar. Mar. Jan. 67 Jan. 3 79% Jan. 106% Jan. 28 108% Feb. 53% Mar. 31 71% Jan. 100 Mar. 31 104% Jan. 98 Mar. 31 102% Feb. 83% Mar. 30 90% Mar. 72 Mar. 31 83 Mar. 102 . 102% Mar. 74 Feb. 16 103 Mar. §! 100 Mar. 30 55 90% Mar. 30 96% 2 67 Jan. Jan. 65] 80] 101 91 47 104% Mar 14 104% Mar. 19 Mar. 104 92 79 58% Mar. 31 63% Mar. 31 Feb. 29 Mar. 102% Mar. 92 79 74 Jan. Mar. Mar. Mar. 71% Jan. 11 Feb. 21 4 105% Jan. 105% Jan. 10 Jan. 21 95 Mar. 2 85 87% Jan. 4 105 • Gary Elec ft Gas— 48,000 217,000 2l000 641000 46,000 lOO.000 5s ext stamped ........1944 697,000 Gatlneau Po-»er 5s......1956 5s registered 2.000 1956 110,000 6s... 1941 6s series B... 81,000 1941 For footnotes see page 53* 83 84Vi 103 Vi Sale 85% 86% 104% Sale 15! Vi Sale" ioi% 102"" !66"~ Sale" 101 Vi 101 Vi 101% Sale 100 Sale 99% 100 Mar. 31 86% Mar 104% Mar. 30 101 % Mar. 191101% Mar. 9 1 11 1 83 Jan. 7 89 Jan. 20 102% Mar. 31 104% Feb. 17 102 Mar. 25 102 Mar. 25 99% Mar. 30 101% Jan. 10 Mar. 19 101% Jan. 31 100 April, 1938] AQQREQATE NEW SALES In March 3,000 17,000 296,000 17,000 6,000 76,000 3,000 60,000 24,000 BONDS (Continued) Gen Bronze deb 6s. 1940 conr ♦Gen Rayon Ltd 6s A.... 1948 Gen Wat Wks & El 5s A.. 1943 1967 Georgia Power ref 5s ... 22,000 109,000 10,000 18,000 63,000 19,000 72,000 73,000 39,000 38,000 70,000 216,000 211,000 15,000 4,000 42,000 ....1948 Hackensack Water 5s A..1977 Hall Printing 6s A stpd..194^ ♦Hamburg Elec Co 7s 1935 ♦Hamburg E A Und Ry5V<5s 38 Houst Gulf Gas 6 He w w 1943 6s 1943 Houston Lt A Pr 3)4* 90 Sale 10734 Sale 74 50 53 36 38 Lowest Sale Prices 66 Mar. 26 Mar. 10 72 76 7 Mar. 10 Mar. 18 7254 Mar. Mar. 31 85 83 Sale 62 Mar. 31 78 Sale 8334 Sale 5734 74 78 76 67 78 29 60 68H 7834 Sale 57 5334 Mar. 18 Mar. 1 Mar. 22 5654 Mar. 2 a3l34 Mar. 15 03154 Mar. 15 6634 Sale 6234 Sale 6234 50 57 57 5834 54 9234 9334 84 8634 87 10734 ----- 10734 107 62 Sale 45 60 5234 5334 Sale 5734 59 5334 . 10534 7634 Sale 2234 30 32 84 9734 100 10234 10354 1966 35 Sale Mar. 31 67 Mar. 24 5654 Mar. 10 9354 Mar. 8 Mar. 17 9 Mar. Mar. 29 10754 Mar. 29 Mar. 1 Mar. 24 62 A - 17 25 17 25 Sale 59 Sale 65 58 Illinois Nor Utll Be 1957 Illinois Pow A L 534s 534s series "B" 1957 1954 6s series A 10634 la8 83 74 90 9134 89 1953 96 5s series C 1956 Corp 6s A.. 1947 84 54 Sale 8434 Sale 88 93 34 7234 Sale 634s series B ....1953 5s series C__ 1951 ...... Sale 80 83 11134 10634 10734 53 56 34 55 95 86 Sale 44 24,000 17.000 41,000 31,000 41,000 7,000 3,000 Mar. 18 Mar. 31 Sale Prices 73 Jan. 6 8754 Jan. 74 Jan. 6 12 76 78 8 12 15 10 Feb. Jan. 8854 Jan. 68 5354 Mar. 18 3354 Feb. 7 3354 Feb. 62 Feb. 7154 Jan. 14 54 Mar. 24 Mar. 17 Jan. 12 87 8 Jan. . _ 80 78 15 4334 41 Mar. 31 58 Mar. 2 53 Jan. 36 Mar. 7 29 Mar. 29 8 30 59 Mar. 1 43 Mar 30 5854 Mar. 3 43 Sale Sale 86 Sale 76 78 82 79 83 89 8934 Mar. 21 68 65 Sale 65 109 71 8034 11034 110 Sale 109 81 75 38 10534 Sale 54 Sale 60 Sale 10134 Sale 58 59 10734 109 Sale 4351 Sale 2551 1 Sale 42 69 5<j 63 b 69 Sale 2434 Sale 52 60 Sale 52 34 Sale Sale Sale Sale 10734 3534 1834 Mar. 31 Mar. 30 76 8034 Mar. 30 110 11034 J. 10634 10634 10534 10634 10634 47 34 5334 Sale 4534 Sale 43 5234 Sale 60 52 61 Sale 59 110>4 7 108 10734 Mar. 78 58 64 Mar 43 86 65 109 43 45 Sale Mar. 16 59 5s series D 183,000 1956 249,000 434s series F 1958 188,000 Iowa-Nebraska LAP 5s..1957 5s Series B 72,000 1961 97,000 Iowa Pow A Lt 434s A 1958 190,000 Iowa Pub Serv 5s 1957 52,000 Isarco Hydro-El 7s 4952 15,000 Isotta Fraschinl 7s...._.1942 Italian Superpower 6s...1963 630,000 142,000 JacksonvilleGas 5s stmpdl942 305,000 Jersey Cent P A L 5s B 1947 866,000 434s series C 1961 52,000 Kansas El Pow 334* 24,000 Kansas Gas A Elec 6s 104,000 Kansas Power 5s A 134,000 Kentucky Utilities 5s 5s 117,000 41,000 634* scries D........ 44,000 534* series F 1966 Sale 6654 5734 Sale Sale 93 Sale 95 89 106 93 Sale Sale 99 Sale 55 Sale 80 Sale Sale 10251 103 10134 97 9654 58 72 78 43 Sale 62 3634 3734 10434 10534 103 10334 98 99 2022 11434 Sale 1947 100 Sale 1969 7534 Sale 1961 75 77 1948 95 87 97 1955 Sale 106 V> 95 90 Sale 6534 95 93 34 106 34 96 64 60 82 4334 36 10434 10234 Sale 98 4534 4034 Sale Sale 30 Sale Sale 103 35 Sale 99 Sale 8554 Jan. 23 80 85 8854 Mar. 9954 Feb. Feb. 2S 1055$ Mar. 3 63 Jan. 6254 Jan. 5 110 Feb. Mar. 31 855$ Jan. Mar. 31 95 Mar. 1 86 Mar. 31 Mar. 29 865$ 8754 9154 7554 Mar. 3 Mar. 15 Mar. 4 Mar. 1 76 Mar. 31 100 Jan. Mar. 31 9154 Jan. 79 Mar. 29 Mar. 31 Mar, 31 • 8 78 Mar. 2 Mar Mar 4 Ill Mar. 18 10654 Mar. 30 535$ Mar. 7 Mar 30 Mar 16 Mar, 8054 Mar. 30 65 8 1 75 3 Mar. 31 10954 Mar. 10 10854 Jan. 6 9454 Jan. 89 Jan. 15 7 3 11 Id 12 32 12 9154 Feb. 21 78 Jan. 12 1095$ Mar. 10 81 Jan. 8 110 Mar. 4 11154 Jan. 1053$ Mar. 18 107J4 Jan. 4554 Mar. 30 58 Jan. 20 14 5354 Mar. 10 6154 Mar. 4 43 Mar. 31 10654 Mar. 14 5854 Mar. 15 1 Mar. 6054 Mar. 3 5134 Mar. 23 60 Mar. 1 10734 Mar. 3 1073$ Mar. 3 Mar. 3 5 104 Mar. 30 Mar. 30 8854 Feb. 13 Feb. 21 1075$ Jan. 68 12 3354 Mar. 3C 4 8 Jan. 10 7 6454 Jan. 14 101 101 5034 Mar. 28 59 35 Mar. 29 1834 Mar. 30 64 Mar. 31 Mar. 31 80 Mar. 29 Mar. 31 10654 Jan. 4 50 5$ Mar. 28 5854 Mar. 15 Jan. 19 6054 Jan. 17 5154 Mar. 23 60 Mar. 1 107 Jan. 18 10854 Jan. 7 35 1854 Mar. 30 70 3 64 Mar. 1 5754 Mar. 31 Mar. 4 90 Mar. Mar. 22 Mar. 16 Mar. 5 6054 Mar. 8 80 Mar. 29 44 54 Mar. 2 33 3654 Mar. 7 102 34 Mar. 31 105 Mar. 11 99 Mar. 31 10354 Mar. 4 Sale 97 Sale 112 Sale 98 Mar, 30 Sale 65 Mar. 31 72 Sale 65 Mar. 31 90 85 Mar. 18 78 Mar, 25 73 91 81 Mar. 31 9854 Mar. 22 Mar. 31 115 Mar. 25 10154 Mar. 58 57 1 4034 Mar. 18 Mar. 28 10 4 57 34 Mar. 31 66 90 Mar. 29 96 92 34 Mar. 29 9554 10534 Mar. 31 10654 99 Mar. 31 10154 55 Mar. 30 4954 Jan. 4454 Mar. 2454 Mar. 82 983s 9834 97 112 11434 115 98 1003$ Sale 65 7234 74 6534 7234 Sale 80 9034 92 Feb. 14 8934 Mar. Mar 8 3 5 107 54 Mar. 23 25 Sale 68 Mar. 3754 Jan. Sale 108 7 107 Jan. 4 10754 Jan. Jan. 525$ Mar. 24 65 Mar. 29 Sale 55 59 29 8034 Sale 60 107 5<t Sale 75 Sale Sale 8634 88 8934 9134 7534 Sale 10934 10834 5934 10734 Sale 79 Indiana Elec 29 Interstate Public Service 52.000 67 78 2 iM 62 680,000 ind'polls P A L 5a ser A—1957 73,000 Int Pow Sec 6Hs series C. 1955 7s series E 21,000 1957 1 e aeries V 26,000 J952 88,000 International Salt 5s 1951 1,036,000 Interstate Power 5s 1957 428,000 Debenture 6s 1952 143,000 270,000 75 Mar. 31 Jan. 14 10734 Mar 29 10754 Mar. 23 10554 Jan. Mar. 23 7634 Mar, 11 81 7654 Jan. 40 31 22 33 34 Mar 30 33 54 Mar. 30 3354 Mar. 28 22 Mar 18 Mar. 18 2234 "28" 23 2154 Feb. Sale 88 29 8834 Mar. 3 8534 Mar, 8854 835$ Feb. 90 97 98 Mar, 5 9834 101 9854 Mar. 5 98 Mar. 99 98 Mar 30 1035$ Mar. 4 10334 10434 97 98 Mar. Sale 1 1055$ Mar. 10534 106 10534 3 10354 Jan. 10534 Mar Sale 62 303,000 29,000 10,000 61,000 79.000 59,000 15,000 72,000 69,000 18,000 2,000 126,000 Feb. 62 10734 10734 1949 ser 1 Highest Sale Prices 65 Mar. 31 80 62 .1949 ♦Hungarlan-Ital Bk 7)4*.1963 17,000 Indiana Gen Service 5s.. 1948 25,000 Indiana Hydro-Blec 5s A 1958 73,000 Indiana A Mich El 5s 1957 1st A ref 5s 86,000 ......1955 201,000 Indiana Service 5s.......1950 1st lien A ref 5s 150,000 ..1963 63,000 ♦Indianapolis Gas 5s A..1952 18,000 Sale Heller (W E) A Co 4s w w.1946 5,000 4,000 25,000 38,000 67,000 64,000 17,000 6,000 302,000 180,000 68 57 65 Sale Highest Sale Prices 65 Mar. 31 Investors Corp— series A 96,000 Hygrade Food 6s 26,000 6o series B 70,000 151,000 203,000 537,000 796,000 72,000 15,000 214,000 65 6634 6,000 67,000 10,000 4,000 18,000 2,000 48,000 20,000 9,000 7634 7634 74 7234 Sale 60 123,000 5s 83 73 3134 31,000 Guardian 79 7134 Lowest Ask 32 Zi* 1978 ♦Gesfuerel 6a 69 Mar. 31 Ask Bid 72 65 72 87 1953 Georgia Pow Ac Lt 5s Bid 90 72 61,000 42,606 75 87 70 1953 .. Gen Pub Utilities 6 He A 271,000 Glen Alden Coal 4s 1965 50,000 Gobel (Adolf) deb4)$s —1941 172,000 Grand Trunk West Ry 4a 1950 41,000 Great North Pow 5s stpd 1950 23,000 Grocery Store Prod 6s 1945 68,000 Guantanamo & W Ry 6o.l958 13,000 Mar. 1 Ask Bid 73 1956 Gen Pub Serv Co 5s.-. RANGE SINCE JAN. Jan. 3 1938 S 29,000 14,000 234,000 11,000 56,000 996,000 52,000 16,000 51 Price Jan. 1 2,000 EXCHANGE PRICES IN MARCH new york curb exchange Since 78,666 CURB YORK Mar. 29 Mar. 31 Mar. 29 9254 Mar. 29 48 Jan. 2854 Jan. 17 19 73 Jan. 6954 Jan. 985$ Jan. 96 54 Jan. 10554 Mar. 31 10654 Feb. 9854 Jan. 26 10254 Jan. 55 78 39 Mar. 31 Jan. 4 Jan. 21 63 Jan. 85 Feb. Feb. 40 32 Feb. 7 3654 Jan. Jan. 10254 Mar. 31 106 99 Mar. 31 10554 Jan. 97 112 3 98 Mar. 4 Mar. Mar. Mar. 2 7 65 65 85 9 78 99 Mar. 31 Mar. 31 115 11 18 15 Jan. 5 Mar. 25 Mar. 30 10154 Mar. 3 79 Mar. 31 Jan. 17 Mar. 31 8054 Jan. 13 Mar. 18 97 Jan. 12 90 Mar. 25 Jan. 4 . Lake Superior Dlst Power— 69,000 133,000 1,000 18,000 76,000 42,000 145,000 88,000 623,000 1,000 134,000 249,000 166,000 502,000 334 s series A .......1966 Lehigh Pow Secur 6s 2026 ♦Leonard Tlets Inc 734* Lexington Util 5s 1946 1952 93 Sale 9634 102 Sale 94 29 25 2334 95 Sale Llbby McNeill A LIbby 5s 1942 Long Island Ltg 6s ...1945 10234 Sale 94 9634 Louisiana Pow A Lt 5s 104 1957 Sale 9434 10434 99 34 10334 97 Sale Sale Sale Sale Sale Sale 9534 Sale 87 8934 9534 Mar. 26 88 Mar. 30 9754 Mar. 9554 Mar. 23 25 Mar. 25 80 29 85 1 93 Jan. 3 9754 Mar. 30 103 25 Mar. 1 8454 Mar. 30 975 102)$ Mar. 29 1045 91 Jan. 12 100 100 Mar. 31 1045$ 88 Mar. 10234 Sale 8454 Mar. 30 9454 Mar. 1023$ Mar. 29 1045$ Mar. 85 100 100 25 93 Sale 92 Mar. 17 99 54 Mar. Mar. 31 1043$ Mar. Mar Jan. Mar. Jan. Mar. Feb. Mar ♦Mansfield Mining A Smelt— 7s 12,000 17,000 1.000 79,000 51,000 56,000 105,000 4,000 27,000 106,000 98.000 49,000 57,000 78.000 42,000 20,000 it, 40,000 Ex-warrants 265,000 Milwaukee G L 4 34*— 1967 266,000 Minn Pow A Lt 434*——.1978 1st A ref 5s 155,000 1955 122,000 Mississippi Pow 5s......1955 229.000 Miss Power A Light 5s 1957 142,000 Miss River Power 5s. 1951 57,000 {♦Missouri Pub Serv 5s A 1960 84,000 Montana Dakota Dtii 5)*a'44 Munson 4,000 20,000 49,000 1941 38,000 Marlon Reserve Pow 434* 1952 1943 30,000 McGori RndAMffl6s Memphis Comm'l Appeal— Debenture 434*-----—1956 1,000 142,000 Memphis P A 1 5 s ser A. .1948 150,000 Men gel Co 434* —1947 114,000 Met Edison 4s series E... 1971 4s series G 1965 178,000 17,000 Middle Sts Petrol 6 34s A. 1945 82,000 Midland Valley RR 5s 1943 Steamship ♦634* ctfs of dep w w.,1937 55,000 152,000 Nassau A Suffolk Ltg 5s. 1945 Nat Pow A Lt 6s*'A" 2026 100,000 136.000 24,000 115,000 8,000 105,000 230,000 {•Nat Pub Serv 5s C O D.1978 57,000 Nebraska Power 6a 2022 188,000 434s 1981 31,000 Nelsner Bros Realty 6s..1948 1956 336,000 Nevada Calif Eloc 5s 5,000 152,000 41,000 225,000 104,000 143,000 71,000 43,000 416,000 153,000 757,000 376,000 399,000 118,000 Deb 5s series B New Amsterdam Gas 5s.. 1948 New Eng G A Elec Assn Ssl947 5s 1948 Conv deb 5s..........1950 55.000 196,000 135,000 22,000 12,000 759,000 326,000 33,000 48,000 44,000 173,000 For footnotes see 83 New Endl Pow Assn 5s...1948 Orleans Pub 99 76 87 34 81 75 104 24 2534 "9734 84 81 Sale 7634 88 103 34 105 .1954 92 Sale 91 Sale Sale N Y Cent Elec 534s 99 Mar. 97 60 7654 Mar. 60 89 75 9134 Sale 8234 Sale 10134 Sale 10134 Sale 7534- 8034 8034 64 63 Sale 88 91 9434 Sale 87 Sale 9334 Sale 85 8634 9834 Sale 6634 9434 6154 9034 Sale 9834 Sale 65 34 77 109 34 65 34 9334 9134 90 78 110 Sale 9334 334 Sale 92 83 50 72 34 109 34 Mar. 23 8854 Mar. 15 74 Mar. 29 Mar. 26 Mar; 8854 7854 9054 30 1045$ Mar. Mar. Mar. Mar. Mar. 31 105 93 5 Mar. Feb. Mar. 101)4 Mar. Mar. Jan. Mar. 15 8854 Mar. 15 19 81 93 P 30 106; 31 106; 88 4 Mar. 25 Mar. 15 9454 Mar. 88)$ Jan. 90 85 9854 Mar. Sale Sale 70 Sale 10954 Mar. Mar. 66 Mar. Mar. 5634 5934 59 Mar. 25 87 90 87 Mar. 30 Feb. 94)4 Mar. 615$ Mar. 70 Mar. Mar. 77 2 110 Mar. 11 75 44 34 Sale 114 34 118 10934 112 90 93 Sale 11634 11834 56 57 5634 Sale 57 Sale 7834 Sale 81 Sale sa 5 234 Sale 109 63 9034 6234 Sale Sale 90 54 Mar. 60 Sale 60 Sale Sale 11434 115 10834 Sale 81 7534 108 82 34 87 34 Sale 6934 11634 118 5534 Sale 55 34' 55 34 8234 8434 103 4434 112 5634 5634 83 Sale 104 Mar. 45 4454 Mar, 118 11454 Mar. 109 Sale Sale " 9 115 108 Mar. 16 109 82 54 Mar. 83 Hi Mar. 21 1163$ 11834 11654 Mar. Mar. 9 Mar. 3 7554 Mar, 6954 Mar. 955$ Jan. 9254 Jan. 100 Jan. 87 Jan. 110 68 Jan. Jan. 94 Feb. 1 11654 Mar. 15 1940 1950 9034 Sale 6734 70 99 3934 Sale 3954 Mar. 4054 Mar. 30 3954 Mar. 31 70 Sale Sale 70 74 74 1033$ Sale 56)4 Mar. Mar. 83 Mar. 85 10354 Mar. Mar. Mar. ?i 10454 Mar. 23 Sale 88 Sale Sale Ltg 5s 72 8534 54 10534 86 5834 74 10434 65 77 Sale 89 Mar. 90)4 Mar. 7 Mar. 29 71 Mar. 3 99 54 Mar. 11)10054 Mar. 23 76 Mar. 15 80 Mar. 7 10554 "9 11254 10554 Mar. 31,10754 Mar. 14 Mar. 26' 93 Mar. 1 65 56 Sale 56 Mar. 15 113)4 Mar. 31 Mar. 23 1055$ Mar. 23 Mar. 311 625$ Mar. 11 Sale 71 Sale 71 Mar. 31 113 —2094 Nippon Elec Pow 634s 1953 Nor Amer L A P 534s A...1956 2 64 9934 Sale 10554 78 Mar. 1 95 Jan. 4 8654 Jan. 13 76 54 Jan. 17 44 5i Jan. 3 116 Feb. 2 10954 Jan. 6 9354 Jan. 12 7554 Feb. 26 „ 27 118 Jan. Mar. 30 57)$ Feb. 40 2 2i 5)4 Feb. 11554 Jan. 2 Mar. 89 Sale Mar. 44 Jan. 11454 Jan. 108 Mar. 8254 Mar. 695$ Mar. Mar. 64 85 Sale 60 56 70 104 Sale 9054 Mar. 6254 Mar. 56 89 102 34 25$ Mar. 31 Mar. Sale Jan. 75 Jan. Mart. 40 54 Mar. 3934 Feb Feb Mar. 42 40 40 Mar. 16 Mar. 10, 6954 Mar. 4454 Mar. 4 Jan. Jan. Jan. 87 25$ Mar. 30 93 75 6234 Mar. Jan. 59 655$ Mar. 9254 Mar. 234 Mar. 31 Mar. 16 Jan. 17 26 85 54 Mar. 30 94 54 Mar. 25 6154 Mar. 31 Sale 99 83 79 Mar. 82 63 Jan. Mar^-23. 8* Mar. Mar. 25 Mar. 25 53 94 76 95 Sale 73 34 7134 334 N Y State LAG 434s....1986 N Y A Westchester 9754 Mar. 24 60 75" ~81~ ♦N Y Pa A O RR 4U* atpdl950 N Y P A L Corp 1st 4 Ha.. 1967 page 53. 98 55 Serv— 5s stamped...........1942 ♦6s series A 4s .... 9534 85 60 New Eng Pow Co 3)is A.1961 New 122,000 39,000 7,000 6,000 274,000 84,000 11,000 8,000 5,000 2030 Deb 5 *48.... 9534 78 Line 155,000 330.000 23 575$ 58)4 85 87 13 25 Feb. 25 Feb. 25 70 Mar. 31 74 Mar. 31 Jan. 12 Feb. 1 104 54 Mar. 23 102 865$ Feb. 64 98 76 Feb. Feb, Mar. 10554 Mar. 89 Mar. 11254 Jan. 10354 Jan. S3 8J Ton 91 Jan. Jan. 10 22 7154 Jan. 10 10054 Mar. 23 84 108)4 97)4 113)4 1055$ 625$ 8054 Feb. Jan. Jan. 1 7 14 Mar. 31 Mar. 23 Mar. 11 Jan. 14 NEW 52 NEW YORK In 48,000 65,000 .77,000 230,000 119,000 14,000 39.000 80,000 16,000 5,000 140,000 2,000 12.000 58,000 21,000 41,000 23,000 18,000 9,000 5,000 21,000 228,000 57,000 72,000 87,000 Jan. 3 Bid (Continued)— A 1948 4a——1952 Ind Pub SarT 1966 BONDS 95,000 78,000 270,000 37 Nor Cont Utll 5 He Nor 133,000 138,000 183,000 506,000 268,000 46,000 85 Vi Sale Sale 105 Sale D........—1956 104 yx 104?* 99 Vi Sale Sale Mar. 29 105 Vi Mar. 15 Mar. 8 105Vi Mar. 29 Mar. 7 105Vi Mar. 3 Sale 104 Vi 105 Vi 105 104 Vi Sale 91 92 Okla Pow & Water 5s A.. 1948 70 73 78 80 70 82,000 Padfle Coast Power 5a... 1940 147,000 Pacific Gas 5c El 6s B 1941 Pacific Investing 5s A...1948 44,000 Without warrants... 103 104 V* 116 116?* 28 28?* 83 V* Sale 31,000 Park Lexington Bldg 3s—1964 206,000 Penn Cent Lt 5c Pow 4 Vis 1977 5s 1979 21,000 79,000 Penn Electric 4s series F.1971 Penn-Ohlo Edison 6s.... 1950 43,000 Without warrants.. 118,000 5Vis series B ...1959 67,000 Penn Pub Sery 6s G—... 1947 19,000 5s series D 1954 35,000 Penn Water 8c Pow 4Hs..1968 283,000 5s 1940 158,000 Peoples Gas Lt 8c Coke 4s B*81 4s series D—— 1961 129,000 246,000 (♦Peoples Lt 8c Pow 5s..1979 361,000 95 Sale 90 86 92 Vi 31 84 Vi 90 83 Vi 81 33 Sale 95 Sale 83 Sale 100 V* 107 Vi 8Vi Sale 101?* 114?i Sale 100 82 Sale 112? 75 28 76Vi 57 Vi 60 61 Sale 107 79 Sale 79 % Sale 80 75 100 93 112 V* 60 Mar. 80 Mar. 5 70 Mar. 31 80 Jan. 11 1 100 3 114 Jan. Feb. 6 3 Mar. 30 Mar. 28 79?i Mar. 31 112 V* 87 Mar. 21 84 4 75 Mar. 1 100 V* Mar. Mar. 108 Mar. 108 9 99 93 Mar. 2 90?* Mar. 9V* Mar. 2 Mar. 28 113 Vi Mar. 75 Vi Mar. 1 Ill 5 70 Mar. 22 55 23Vi Vi 88 1 Mar. 107Vi Mar. 101?* Mar. 21 Vi Mar. 10 Jan. 8 Jan. 10 21 18 Vi Feb. 10 V* Jan. 24 12 Jan. 109 109?* Jan. 91 82?* Mar. 6Vi Mar. 3 113 Vi Mar. 1 79 Feb. 11 Mar. 61 108 100 Feb. 26 Feb. 2 45 Jan. 11 Feb. 28 58 Vi Feb. Jan. 107 15 8 24 21 Jan. Vi 107 107Vi Feb. Mar. 65 Mar. 107Vi Mar. 106?* Mar. 78?* Mar. 106 107 V* Mar. 107 Vi Mar. 45 Mar. 100 V* Mar. 21 Vi Mar. Vi Jan. 91 Vi Mar. 19 Jan. 48 Jan. 95 Vi Mar. 21 Mar. 57 91 4 107?* Feo. 103 Vi Jan. 17 Mar. Jan. Jan. 96 Mar. Mar. 106 107 Mar. Mar. 50 51 Vi 106 Sale 5 4 59 V* Mar. Mar. Mar. 19 79% Mar. 31 Mar. 91 Vi Mar. 21 Mar. Jan. Mar. 4 Jan. 13 1 Mar. 22 70 74 19 88 90 84 82 Mar. Mar. Mar. Mar. 34?* Jan. Mar. 28 92 107 Vi Mar Sale Mar. 30 78 105 106?* 78?* 82?* 6Vi 28 74Vi Mar. 25 Mar. 9 82 88 Vi Mar. Mar. 31 2 113 V* Mar. 19 113?* Feb. 14 67 Jan. 10 55 Mar. 29 Jan. 14 99 Feb. 4 101 4 Mar. 93 7 Mar. 18 116V? 2 Mar. Mar. Mar. 99 1 Mar. 11 103 ?i Mar. 29 84?* Mar. 90 Mar. 84 Mar. 47 31 75 5s! 20?* 15 95 106 57 19 25 Mar. 29 60 23 11 85 106 Vi 108 90 55 81 103?* Jan. 19 105 Vi Jan. Jan. 104 Vi Mar. 8 107 103?* Feb. 14 106V* Jan. 96 Feb. Jan. 26 100 9 Mar. 29 78 85 Sale 102 Sale 133 Vi 135 V* 135 i§r> 96 Vi 102 Mar. 74Vi Mar. 25 74 Vi 79 Vi 130 95 21 Vi 19 95 28 Sale 106 108 ?i 107 Vi Sale 68 45 Sale 100 v* 102 100?i i02 22 Vi 28 Vi 21 Vi Sale 96? Jan. 1 55 31 106 100 20 25 * 60 50 107 110 107?* 110 56 59 99?* 100 % 30 21 105 11 100 93Vi Jan. 14 31 101V* Mar. 4 Feb. 8 104Vi Jan. 18 Mar. 31 91 Feb. 7 99?* Mar. 88 Vi Mar. 82 Mar. 31 2 113V* Mar. 19 113 V* Mar. 19 Sale 113 V* 115 57 Sale . 111 Sale 73 V* 76 Vi Feb. 97Vi Jan. Mar. 11 101 Vi Mar. Mar. 29 116 Mar. Sale 101 107 Vi Sale Sale 107?* 108 Vi 106 Vi Sale 87 ?* Sale 78?* Sale 82?* Sale 90?* Sale 9 6 Vs Sale 9?* 108Vi 108V 107 V* 109 87?* Sale 17 Mar. 30 Mar. 29 64?* Mar. 64?* Sale 100V* 100?* 100 Vi 100?* 100Vi Mar. 28 100 V* Mar. 105 Vi 106 V* 107 102 Vi 104V 57 95 115 87?* Sale 99 94 89 88 Vi 113 61% 64 100?* 101 Vi 14,000 Palmer Corp of Lt 6s....1938 98,000 89 Vi 86?* 112?* 115 Jan. Mar. 31 Sale Pacific Ltg 5c Pow 5s..—1942 Pacific Power 5c Light 5s. 1955 5 Jan. 23 100 86 % Mar. 31 Sale Sale Sale 40 Feb. 94 89 7,000 #80,000 Mar. 31 93 96Vi Mar. 10 96?* Sale 87 Vi 84 ^ 30 105?* Jan. 28 108Vi Mar. 10 90 Vi Mar. 11 1951 Cony deb 5s—.—....1946 101 Vi 115?* Mar. 17 Mar. 31 101V* Mar. 4 Mar. 14 103 V* Mar. 1 104 81 Mar. 31 90Vi Mar. 2 Sale 90 Vi 105 37 2 108Vi Mar. 10 97 Vi Mar. 7 Mar. 31 Mar. 31 Sale Sale Mar. Mar. 31 Sale 106 Vi Sale Mar. 31 Sale 89?* Sale 100 % 103 V* Highest Sale Prices Sale Sale A 105Vi 105 Okla Nat Gas 4 Via A 10,000 11,000 4,000 17,000 78,000 6,000 10,000 18,000 13,000 37.000 88 Lowest Sale Prices 107 Vi Sale 108 Vi 86 89 103 255,000 Phlla Else Power 5 His 1972 29,000 Phlla Rapid Transit 6s—1962 Piedmont Hydro-Electric Co 6 Vis series A 110,000 1960 24,000 Pittsburgh Coal 6s—...1949 55,000 Pittsburgh Steel 6s .1948 15,000 +Pomeranla Elee Co 6a..-1953 66,000 Portland Gas 5c Coke Ss.1940 172,000 Potomac Edison 5s ser E.1956 18,000 4Vis series F——— 1961 37,000 Poticero Sugar 7s stamped 1947 32,000 Poster Corp of Can 4 Vis B 1959 ..1954 25,000 'Prussian Rlec 6s.. 79,000 11,000 92 Vi 103 Vi" 105 Vi Ogden Gas Co 5s.....—.1945 Ohio Power 5s series B _ . . 1952 4V^a series Sale Highest Sale Prices 30 Sale 37 35Vi Lowest Ask Ask 96 V* 95 Vi Sale 88 358,000 4Us R._ 1970 660,000 Nor States Power 3Vi®—1967 117,000 Northwest Rlec 6s stpd_„1945 65,000 Nor'west Pub Sert 8s A—1957 Bid 107 ..... 99 97 1969 5s series D 41 Vi 107?* Nor Indiana GAB 165.000 Ask Sale Prices Mar. 31 Mar. 1 1938 * ' 1 Price _ CURB EXCHANGE Since Jan. 1 $ 40.000 23,000 59,000 83,000 191,000 300,000 36,000 28,000 RANGE SINCE JAN. PRICES IN MARCH sales aggregate March EXCHANGE CURB YOEK V? Jan. Jan. 18 65 101?* Mar. 18 21Vi Jan. 14 Mar. lOOVi Jan. 20% Jan. Pub Service Co of N J— 26,000 51,000 21,000 78,000 150,000 73,000 61.000 191,000 37,000 121,000 6% perpetual certificates.. Sale 104 104?* 100 Sale 66 62 Sale 67 60 Vi Sale 13,000 27,000 Queens Boro G 5t B 5 Vi*-1952 84 7,000 1,000 23,000 ♦Ruhr Gas Co 6 Vis 1953 6,000 ♦Ruhr Housing 6Vis A...1958 212,000 (♦St Louis Gas 5c Coke 6s.*47 77,000 Safe Harbor Water Pr 4Vis '79 312,000 San Ant Pub Sery 5s B...1958 2,000 San Joaquin L 5c P 6a B..1952 1955 EL 13,000 Sauda Falls Co 5s ii"o66 ♦Saxon Public Works— 1 2,000 49,000 73,000 37,000 1,000 124,000 32,000 29,000 8,000 36,000 196.000 194,000 46.000 88,000 52,000 4,000 68,000 173,000 94,000 6,000 264,000 82,000 100,000 77,000 22,000 50,000 47,000 16,000 10,000 i . i 32,000 73,000 56,000 42,000 171,000 123,000 47,000 326,000 75,000 1943 22 Vi Power 5s—1957 Southeast P 8c L 6s—...2025 9 Mar. 22 60 Jan. 14 93 Vi Jan. 9 25Vi Feb. 28?i Mar. 23 26 V* 25 21 21 24 130 Mar. 24 21 Mar. 24 9Vi Mar. 31 12 Mar. 1 Mar. 15 110 Vi Mar. 5 2 105 V* Mar. 23 109 103 % Mar. . 1 Mar. 24 9Vi Mar. 31 12 h 108V* Jan. 4 110H 102Vi Jan. 10 105 M 128 Vi Feb. 23 12814 lllVi Mar. 29 112 111%Mar ."29 lllVi 2 Mar. 3 Mar. 15 Mar. 30 8 7 25 6 Mar. Mar. 1 Mar. 31 2 7 Mar. 25 7 9 Feb. 17 Feb. 24 Mar. 5 Mar. 23 Feb. 8 Feb. 28 28 Mar. 26 21?* Jan. 98Vi Mar. Mar. 31 6 17 18 17 28?i Mar. Mar. 17 5 65 Vi Jan. 63 Jan. Feb. 53 106 V* Feb. 101 Vi Jan. 69 V* Jan. 27Vi Mar. 12 45 47 106 Vi 104 % Sale 104 Vi 105 Sale Sale Sale 104Vi 105 62 59 106 Vi 18 Sale Sale 26 102 101 56 Vi Sale 108 Vi 109 71 85 60 Sale 106] 106] 106Vi 109Vi Sale Sale 107 110 24 V* 35 Sale 98Vi Sale 39 Sale 100 107 102 Sale 102 Vi Sale 102 Sale 25 101V* Mar. 29 Mar. 18 Mar. 30 102 102 5V* Mar. 10 5?i Mar. 4?* Mar. 58 54 Vi Mar Mar. 71V* Mar. 104 Sale 103?* Mar. 103 Vi 104?* 104V* Mar. 103 Mar. 103 Sale 106 V* 108 J 107 Vi Mar. 54 60 65 72?* 71V* Sale Mar. 1 Mar. 17 Mar. 25 Mar. Mar. Mar. 73 70 3 5 86 Mar. 7 1 28 20 15 Jan. 106Vi Feb. 101V* Mar. 50 Jan. Jan. 107 105 V* Mar. 10 102 Mar. 105?? 102 Mar. 39 Mar. Mar. 104?* Mar. 3 5 54Vi Mar. 21 63?* Jan. 70 Mar. Mar. 110 102 77V? Jan. 20 Mar. 16 12 71V* Mar. 31 95V* Jan. 15 103?* Mar. 31 1065* Mar. 3 104V* Jan. 31 106 Vi Mar. 2 103 Mar. 31 107 Mar. 2 Mar. 9 107Vi Mar. 30 110 106Vi Mar. 106 Vi Mar. 107 Jan. • 104 105?* 107 51 Vi 52 Vi 30 1968 Southern Indiana Ry 4s. 1951 92 Southwestern L 5c P 5s.. 1957 88 V* 94 Vi 95 Vi 90 97 % Southwestern P 5c L 6s—2022 76V* 79Vi 69 105 V* 100 51 51 51 Sale Sale Sale Sale Sale 42 71" S'western Assoc Tel 5s A. 1961 102 6s 1951 444,000 6s. 1966 319,000 85,000 Standard Invest 5 Vis—..1939 853,000 (Stand Power 8c Lt 6s...1957 309,000 ♦Starrett Corp 5s..—....1950 Sclnnes (Hugo) Indus— 51 50?* 50V* 50?* 50V* 52Vi 52V* 52Vi 52V* Vi Sale Sale 69 Vi 51 % 69 48?* Sale 22 Vi Sale Sale 51 65 49 27 Sale Sale Sale 3 Sale 28 Vi 42 94,000 fenn Elec Power 5s......1956 78 2 96 V* Mar. 31 55Vi Mar. 31 93 40 38 39 Sale Sale Sale Sale 37 V* 36 Vi 55 36 18 Vi 2 Mar. 2 Mar. 19 Mar. 8 52 92 98 71 Vi Mar. 4 Sale Sale 104 47 85 21 79 Jan. 17 105V* Jan. 14 Mar. 31 55 39 Mar. 31 55 55 39Vi Mar. 31 37V* Mar. 30 36 Vi Mar. 31 Vi Mar. 62 50?* Mar. 28Vi Mar. 36 18V* Mar. 30 98?* Jan. Mar. 31 65 Vi Mar. Sale 17 95 Mar. 31 Mar. 28 Mar. 31 62 Jan. 9 40 52 36 13 Feb. 38 Mar. 31 62 Sale Jan. 19 106 Vi Mar. Mar. 17 56?* Jan. 95Vi Jan. 5 55Vi Mar. 31 93 31 100 Mar. 53 Vi Mar. 31 53 Mar. 31 53 Vi Mar. 31 Mar.;31 53 Mar. Mar. 30 53 Vi Mar. Mar. Mar. Mar. Mar. 93 40 38 39 39Vi Sale Tenn Pub Sery 5s.......1970 60 a* 42 39 Sale Sale 105 105 44Vi 44 Vi 47 47 105 Vi 106 105?* Sale 49?* 45% 44 V* Sale 104V*J104 Vi 104 V* 105 105 Vi 105 48V* 44 V* « 79 Vi Sale I Sale Sale Sale 97 84 Vi Ternl Hydro-Electric Co— 95.000 6Vis series A..........1953 708,000 Texas Elec Service 5s....I960 985,000 Texas Power Ac Lt 5s—...1956 6s 2022 12,000 1979 65,000 Tide Water Power 5s A Mar. 17 47 89Vi Mar. 98 50?* Sale *52 Mar. 30 106 Vi Mar. 104 Mar. 28 Mar. 31 18V* Mar. 30 2 Jan. Jan. 12 12 Jan. 12 Jan. Jan. Jan. 12 12 12 Jan. Jan. 6 12 30 Vi Feb. 17 55 56 56 m f 53,000 stamped——.....1940 7s 2d stamped ........1946 53,000 85,000 Super Power of 111 4Vis—1970 4 Via 1968 ,96,000 7s 2d 31,000 261,000 348,000 5,000 35,000 3 Mar. 40 26V* 73] 76Vi 94 Vi Sale 104 Vi Sale 104 % Sale 57,000 S'western Pub Sery 6s A. 1945 177,000 (♦Standard Gas 8c Elec 6s.'35 ♦6s Certifs of deposit—1935 232,000 ♦Cony 6s.. ......—.1935 139,000 ♦6s Cony ctfs of deposit 1935 115.000 133,000 220,000 Mar. 30 Mar. 26 Vi 21 112 Sale 100 32,000 25,000 46,000 56,000 117,000 101?* Mar. 104 Vi Mar. 98Vi Mar. 60 V* Mar. 4 40 131 1951 1970 of California 4Vis Mar. 1 Mar. I 548,000 Sou Calif Ed 3Vi«-May 11960 122,000 ft3?*s series B July 11960 326,000 ^Debentures 3Vis 1945 150,000 If 1st 5c ref mtge 4s—....1960 185,000 129,000 80,000 143,000 41,000 103 Mar. 28?* Vi 104 104 103 % 103 Vi Southern Counties Gas Mar. 29 103?* Mar. 31 Mar. 29 Mar. 31 78Vi Mar. 31 129 107 Vi Sou Carolina Mar. 7 128?* 49,000 Sheridan Wyo Coal 6s—.1947 W 72,000 ; 677,000 103 80 Vi Mar. 9Vi Sale —...1948 4Vis series D llOVi Feb. 7 78Vi Mar. 31 109 % 110 104 Vi Sale Shawlnlgan W 5c P 4Vis..l967 4Via series B —1968 Seryel Inc 5a Mar. 9 107 Feb. 15 113 104 Vi Jan. 21 2 104 Vi Feb. Jan. 12 104 1 Mar. Mar. 11 Mar. 31 Sale Sale 28 3 137Vi Mar. 18 Feb. 78 Vi Sale 54 V* Sale 112 Jan. 105 85 Sale 12 26 130 9 78 103 110 3 137 Vi Mar. 18 Mar. Mar. 18 107 Mar. 30 112?* Mar. Mar. 30 54V* Mar. 31 64 Vi 1093 12 lOVi ♦Schulte Real Estate 6s__ 1951 Scrlpps (B W) Co 5 Vis Scullin Steel Co 3s 85?* Sale Mar. 134 Sale 105 Vi 105 lllVi HlVi lllVi 103 103 Vi Sale 103 103 Sale 102 Vi Sale 101?* 104 V* 105 104Vi 98 Vi Sale 98Vi 60 V* 60 % Sale 60 % 68 Vi 62 103 108 V* 109? 102 Vi 103 1937 6s- ?| 63?* 59 V* Sale 21 Vi 26 V* Sale 112?* Sale 103 Vi 104 Vi 103 Vi 104 103 Vi Sale 105 105 Vi 100 % 101V* 66 26 % 99,000 39,000 173,000 : 105 % 105 Vi 107 Sale 111 103 V* Sale 105 103 Sale 102 Vi 39,000 Pub Sery of Nor Ills 5s C.1966 97,000 5s 1956 103,000 4Vis series D 1978 110,000 4Vis series E........—1980 364,000 4Vis series F..—......1981 148,000 4Vis series I.....———1960 .1966 220,000 Pub Sery of Okla 4s 1697,000 Puget Sound P 5c L 5Vis_1949 5s series C__—————1950 114,000 4 Vis series D.......... 1950 273,000 58 98 103 94 80 Mar. 24 Mar. 2 48 Mar. 4 46% Mar. 21 Mar. 30 105 Vi Mar. 7 Mar. Mar. 7 106 3 43 Jan. Jan. 48 Mar. 24 39 5 46 % Mar. 21 104V* Mar. 30 106 Vi Feb. 7 104?i Feb. 15 106 Vi Jan. 10 15 4 *69 Sale *75 Sale 60 * Sale 88Vi 98 92 84 V* 71 Vi 62 Vi Sale Sale 68 Vi Mar. 18 62 Vi Mar. 30 75?* Mar. 25 80 Mar. 2 65Vi Feb. 15 57V* Feb. 4 78 Jan. 5 80 V* Feb. 25 Mar. 4 50 61 50 Vi Sale 82?* Sale 50Vi Mar. 31 61 89 95?* Sale 82 % Mar. 30 Mar. 25 90 Sale 94 96 Vi 95 86 "78"" Sale Sale 106 % Sale 80 Vi Mar. 22 Mar. 31 78 Mar. 7 99 Vi Mar. 15 92 Vi Mar. 18 86 Mar. 9 Vi Mar. 31 82% Mar. 30 1003 94 Mar. 25 1043 90Vi Mar. 22 78 Mar. 31 4 106 44 Mar. 29 Mar. 30 36 Mar. 16 Mar. 31 114?* Mar. 22 30 Mar. 30 113 Mar. 31 993 863 Mar. 18 Jan. 11 Jan. 6 Jan. 26 Jan. 17 Toledo Edison Co— 159,000 174,000 1st mtge gold 5s..——.1962 394,000 522,000 Twin City Rap Tr 5 Vis A. 1952 55,000 10,000 Ulen & Companyis 4th stamped—......1950 132,000 1949 32,000 United Elec of N J 4s 107 Vi 108 ?i 62V* Sale 106 Vi 55 j 42 36 V* 113 Vi 46 U4Vi Sale 106Vi Mar. 18 107 Vi Mar. 24 46 Sale 44 30 113 32 Sale 30 113 52 Sale Mar, 29 52 25 56 Mar. • Feb. 9 108 ?i Jan. 63?* Jan. 14 5 Jan. 22 47 114?* Jan. 29 United Elec Service 7a...1956 22,000 6,000 1,000 75,000 156,000 55,000 97,000 see page 53. 1975 71 68 Vi Sale 57 27 27 66 Vi 64 1959 g9 Sale 97 warrants 233,000 United Lt 5t Pow Deb 6s 439,000 5 Vis 126,000 M'or footnotes Without 13.000 ♦United Indus 6 Vis ♦1st 6s 13,000 6 Via 1941 1945 1974 56 ^ 60 * 24 Vi *35 1 24 Vi 725 < 73 Vi 62 33 40 Sale Sale 98?* 25 24 55 56 98 Vi 35 35 60 Vi Sale 99 28 59 56 * Mar. 31 Mar. 18 Mar. 7 Mar. 30 Mar. 31 97 V* Mar. 2 60 Vi Feb. 25 Mar. 28 Mar. 75 Jan. 58 Jan. 28 72 Jan. 56 Mar. 31 Jan. 94 V* Feb. 8 100 25 52 24 Mar. 31 Feb. 18 28 23 Jan. 60 Vi Mar. 9 Mar. 18 ^ Mar. 7 67?* Mar. 64?* Mar. 99 2 9 Mar. 22 27 23 4 7 12 12 12 AGGREGATE PRICES IN MARCH SALES NEW YORK CURB EXCHANGE Since In March 70,000 23,000 29,000 Bid United Lt & Rya 5 %■ fca cartas A........ 1973 1952 71% Sale 071 104% 104 60% Sale 80% 83% Lowest Highest Sale Prices Sale Prices Sale Sale 62 79 104 58 65 80 69 89% Highest Sale Prices 55 75 63 78 66 Lowest Sale 85 86 67% Mar. 31 Mar. Mar. 16 Mar. 23 73) 105) 64% Feb. 8 78% Jan. Feb. 8 106% Jan. 53% Jan. 28 70 Feb. 8 82 Jan. Jan. Feb. 8 78 Jan. 96 64 Mar. 4 76% Mar. 30 80 Mar. 7 75 65 69% Mar. 23 64 77% Mar. 31 90% Mar. 8 75 77% Mar. 31 73 84 Mar. 3 73 78% 77% Mar. 23 84% Mar. 4 77% Mar. 23 77% Sale ..... ..... Mar. 29 Mar. 28 Mar. 21 \ Mar 90% Jan. 12 84% Feb. 25 21 . 5 12 13 14 13 85 Jan. 11 Corp— 50",666 70,000 160,000 12,000 12% Sale 17% 13 15 103 105 106 % Sale 364,000 Yadkin Rlrer Power 5s.. 1941 1937 60,000 York Rya Go 5s.... 104 105 107% M 105% 106 Wisconsin P A L 4a A....1966 14,000 45,000 31,000 211,000 96,000 1 Sale Prices Ask 104 Sale Sale 84 ♦5s Income deb........1954 317,000 276,000 Wash Gas Light Go 5S...1958 41,000 Wash Ry A Klec 4s 1951 427,000 Wash Wate; Power 5s...1960 Western Newspaper Union— Con* deb 6s..........1944 81,000 82,000 West Penn Elec 5s.......2030 60,000 West Penn Traction 5a_.1960 1957 642,000 West Texas Utll 5s A 214,000 West United GAB 0%a A 55 1941 2,000 Wheeling Elec Go 5s 1944 152,000 Wis Minn Lt A Pow 5a 173,000 Mar. 31 Ask Bid Bid Sale 87 78 .... 142,000 16,000 Sale 105% Sale 69 H 66 81 82% 73 % 78 Utah Power A Light 4% a 1944 6a aerlea A. .2022 Waldorf As tort a Ask 76 % 1952 Dab 6a varies A... 230,000 Virginia Pub Ser 5 His A..1946 6s 1946 75,000 5a aerlea B 1950 92,000 135,000 Mar. 1 1938 BONDS (Conclude#)— 311,000 275,000 89,000 51,000 54,000 RANGE SINCE JAN. Price Jan. 3 Jan. 1 135,000 146,000 29,000 28,000 12,000 53 NEW YORK CURB EXCHANGE April, 1938] 102 37 100 103% 104 H 84 % Sale - 103 % — «• Sale 97 102 86 36 Sale Sale 105% 106% 93% Sale 91% 105 73 35 Mar. 18 97% Mar. 96 104% 105% Feb. 26 12% Mar. 31 19 103% Feb. 26 105% Jan. 26 106% Jan. 3 107% Mar. 10 101 Feb. 18 106 Jan. 13 Mar. 107% Mar. 11 107% Mar. 101 Mar. 31 103% Mar. Sale 98% 105% Sale 18 105 103% Mar. 31 Sale 101 103 Sale 104 % Sale 107 % 12% Mar. 31 Sale 107% 40 38 Sale Sale - Mar. 39 Mar. 35 97 99% Mar. 17 3 Mar. 29 102% Mar. 74% Mar. 31 86% Mar. 103 % Mar. 31 105% Mar. 17 107% 93 87% Sale 100 Sale Sale 75 67% 65 67 70 Mar. 25 67 Jan. 87% Mar. 30 97% Mar. 14 100% Mar. Vn* 5 39% Jan. 10 16 102 Jan, 7 Jan. 17 29 103] 31 89% Jan. 17 31 105 % Jan. 18 6 14 10751 Jan. 3 107 Mar. 18 Mar. Mar. Mar. Feb. 107 105 Mar. 31 107 Mar. 18 Mar. 30 93% Mar. 105 87 Feb. Feb. 96 74 103 96 65 Mar. Feb. 14 Mar. 25 96% Jan. 14 8 105% Jan. 73 Jan, 26 FOREIGN GOVERNMENT AND MUNICIPAL Agrlcul Mtge Bk Rep of Col— 17,000 39,000 6,000 12 12 20 23 22 % Sale 21 Sale 21% Sale 22% 1947 76 ♦7s stamped 1952 ♦Gitaca Valley(Dept of) R«p of 72 85 86 ♦24-year 7s.....Jan 15 1946 49,000 ♦20-year 7a Jan 15 1947 55,000 10,000 ♦Baden (Germany) 7s 1951 2251 22 23 % 22%. Sale 20% 23% 22% Mar. 2 22 % Mar. 1 20% Mar. 25 23% Mar. 28 23% Mar. 24 21% Mar. ~ 20% Mar, 25 23% Mar. 28 23% Mar. 24 21% Feb. 5 70 70 Mar. 16 80 70 76 9% Mar. 14 7 Mar. 30 25% Mar. 16 Mar. 29 28 Mar. 8 Mar. 19 101% Mar. 3 22% Feb. 11 27 Jan. 25 Jan. 28 Mar. 99 Mar. 19 101% Feb. 17% Jan. 24 20 24 Jan. Buenoa Aires (Pro?) "i"66o 4,000 3,000 38,000 ♦7%a stamped 114,000 Colombia extl s f 7s.. ♦Ceo* Bk of German State A ProT Banks 6s B......1951 20,000 ♦6a A. 37,000 1952 175,000 Danish Cons Munlc SHi.1955 6,000 21,000 149,000 70,000 V 5« 71,000 14,000 23,000 26,000 3,000 9,000 12,000 23,000 14,000 54,000 80,000 77,000 23,000 24,000 49,000 24,000 114,000 .1953 25% 189,000 52 68 20% 24 20 % Sale 1947 ♦Hanover (City) Ger 7s..l939 ♦Hanover (Prov) 6>4a 1949 21 20% 21% 26 % 58 60 % 25% 26 24 Sale 22 11% 65 % Sale Model lin (Colombia) 7a.l951 27 25 25 68 Sale 25 25 99 28 99% Mar. 18 40 58 54% 20% Sale 8 Mar. 11 20% Mar. 21 20 Jan. 6 Mar. 16 Jan. 4 8 9% Feb. 25 7 8 14 59% Mar. 53% Feb. 14 19% Jan. 29 59% Mar, 5 22% Mar. 11 19% Jan. 24 23 20 17 18 23 5 22% Mar. 11 Mar. 22 23 20% Mar. 29 23 S* 20% Mar. 17 22% Mar. 11% Mar. 19 11% Mar. 19 11% Mar. 19 17 18 1 17 13 99% Mar. 18 100% Jan. 20% 10 Feb. 99% Mar. 16 Sale 2§ 80% Jan. 5 20% 27 25 18% 18 192% 11% Sale 16 Sale 18 Mar. 16 8% Mar. 17 99% Sale 99 % 102 101% 102 9954 104 21% 21% 21% 8% 6% 11% 35 Sale 13 Sale 10 22 7% 8 ♦Lima (City), Peru, 6Ha. 1958 42,000 ♦Maranhao (State) 7s 1958 ♦ 26% 25 27 100 % 101 100 102H Danslg P A Wat*way Bd external a f 6 Ha 1952 ♦German Cons Muntc 7s. 1947 ♦6s 35 75 75 55 55 80 9%, 7% 6% .1948 73 73 Mar. Mar. 17 3 Mar. 22 Mar. Jan. Jan. 19 1 13 Mar. 3 Mar. 22 22% Mar. 1 13% Jan. 6 18% Feb. 25 5 67% Mar. 31 77 9 64 Feb. 7 22% Mar. 23 22% Mar. 14 6% 9% 16% Jan. 20 7% Jan. 28 23% Mar. 25 22% Mar. 5 15% Mar. 11 21 Feb. 14 23% Mar. 25 16% Jan. 10 23 7% Mar. 25 9 8% Mar. Feb. 26 9 Mendosa (Prov) Argentina ♦7H*-4s stamped ......1951 Mtge Bank of Bogota— ♦7s Issue of May 1927...1947 21,000 ♦7s Issue of Oct 1927...1947 29,000 36,000 ♦Mtge Bank of Chile 6a..1931 12,000 4,000 4,000 6O~OO5 8,000 9,000 17,000 6,000 * No par value. v ■ Sold under the rule. Deferred delivery sale. f Bold for cash, 22 22% 15% 12% 101 % 9% 10% 9% 18% 18% 99% 11 57 65 11 12% 11% Sale 57% Sale 13 % 15 13 % 18% being traded flat. X Reported In receivership. "cod," certificates of deposit, **cons." consolidated. "conv." convertible. a (Concluded from value of Treasury issues, page 18) more Treasury bonds and sold the December and March tax dates. of $48,856,000 of Treasury bonds. Over the tax date their holdings of bonds increased $20,912,000, and in the next two weeks their investment in bonds rose $9,725,000 more. The deflation of bank credit proceeded at a very fast rate in the period under review and pulled reporting bank loans and investments down to new low levels for the last The reporting New York City banks reduction of $250,000,000 in their loans and in¬ ended March 30, of which $84,000,000. The shrinkage in loans to commerce, industry and agriculture amounted to $49,000,000, while open market paper declined $13,000,000 vestments in the five weeks decline loans accounted for and the real few which estate loans increases in were lower loans came by $7,000,000. in advances One up 57% Mar. 13% Mar. 12 13 Mar. 24 banks, the investment side, the 9 Jan. 28 25 8 10 1 3 45 65 Mar. 31 11 % Jan. 11% Jan. Mar. 14 5 4 Jan. 13% Mar. 13% Feb. 17 3 2 Central Bank of German State 6s B 1951, Mar. 10 at 27%. German Cons. Munic. 7s 1947, Mar. 10 at 23. in computing range, are no account Is taken given below: Elec. Shareholders $6 conv. pf.. Mar. 8 at 73. United Lt. & Rys. 6s A, 1973, Mar. 8 at 65. r to Cash sales, in which no account is taken In com* puting range, are given below: Aero Supply Mfg. cl. A, Mar. 22 at 17%. Cities Service, pref. B, Mar. 30 at 1%. $747,000,000 on March 30. So comfortably situated were the New York banks with respect to reserves that they returned to the Treasury $55,000,000 of war loan deposits so as to escape the Federal Deposit Insurance Corporation assessment. All weekly reporting banks, in the weeks from Feb. 16 to March 23, had a decline of $319,000,000 in loans and investments, with loans down $139,000,000 and investments down $180,000,000. Loans to commerce, industry and agriculture declined $86,000,000, five and holdings of direct government securities declined $284,000,000. In the five weeks ended March 30 the New York City reporting bank loans to brokers and dealers—the so-called brokers' loans—declined $36,000,000 to a total of $542,000,000, a new low since May, 1933. Loans to others for securities declined $7,000,000. Street loans, as compiled by the New York Stock Exchange, decreased $55,844,895 during March to $521,116,919 March 31 from the revised figure for Feb. 28 of $576,961,814. A year ago, on March 31, 1937, the loans outstanding amounted to $1,158,684,205. purchasing or carrying COURSE OF STERLING EXCHANGE DURING MARCH of to $26,000,000. On reporting New York banks' holdings of direct government securities decreased $298,000,000. Government guaranteed issues, however, were up $23,000,000, and other securities were up $109,000,000. New York banks were large holders of the $400,000,000 of special tax date hills which matured on the four days after March 15. Reserves of the New York banks, reflecting in part the redemption of their tax date bills, increased $217,000,000, and their excess reserves were 12% Mar. 30 12% amounted From Dec. 22 to March 9 the Reserve banks shifted out half years. 13 % 10% Deferred delivery sales. In which no account is taken in computing range, are given below: out $9,412,000 of Treasury notes and $9,225,000 of Treasury bills, leaving their total portfolio of government securities unchanged. This was a direct reversal of the trend in their a Mar. 31 . Mar. 15% Jan. Mar. 21 nUnder the rule sales, in which began to sell in the market some acquired $18,637,000 a 45 Mar. % Mar 10% vtc," voting trust certificates. holdings and to increase their bond During the five weeks under review the Reserve two and Sale 8 1 77 96% Mar. 30 102% Feb. 25 7 Mar. 26 10% Jan. 20 7 Mar. 26 10% Jan. 7 % Mar. 14 % Jan. 10 % Mar. 3 % Jan. 5 1 Mar. 8 % Jan. 6 % Feb. 11 % Jan. 6 2 9% Mar. 14 10% Mar. 1 % Mar. 14 % Mar. 3 % Mar. % Mar. % Mar. % Mar. 45 Mar. 101% Mar. Mar. Mar. cum." cumulative. of their note and bill suffered 7 7 "v 1," when issued. Mw w." with warrants. "x-w." without warrants. Abbreviations Used Above: between 96% Mar. *n-v," non-voting. " Bonds maturities Mar. 21 ••m." mortgage. Ex-dividend. banks 14 S i" ** a holdings. Sale Aoorevtations Used Above: ft ♦ 22% 98 % 69,000 ♦Rio de Janeiro 6Ha....l95(> 35,000 ♦Russian Govt 6H*— —1919 ♦Certificates of dep..... 263,000 ♦5 Ha 153,000 1921 ♦Certificates of dep. 30,000 Santa Fe (City) Argentina ♦7a stamped 20,000 ....1945 84,000 ♦7a. 22,000 .1961 172,000 27,000 23 15 14 H 5 6s stamped............1931 123", 000 Mtge Bank of Denmark 5sl97J 39,000 ♦Parana (Stateof). Bras 7s'58 20,000 19,000 5,000 9 15 67 % The two foreign exchange situation in March was divided into sharply contrasting periods. From March 1 to March 12 sterling was firm against the dollar, a characteristic of the market ever since October, 1937. During the early weeks of March sterling generally ruled above $5.00. With the movement of Gorman troops into Austria on March 13 a widespread fear of renewal of European warfare developed and the dollar became the predominating cur¬ rency, so that sterling and all other European units de(Continued on page 118) Chicago Stock Exchange S MONTHLY AND YEARLY RECORD " 1 RANGE OF PRICES ON CHICAGO STOCK Jan. 1 to March 31 AQQREQATB March ; nnn C cc c 1-1 0000 00 11111 1 1 1 BONDS 1 1 3.500 230 5,400 3,250 1,300 Ask 170 850 2,700 1,270 45 45 47 43 45 47 43% 44% Feb. 28 44% Feb. 17 Jan. 47 46 46 48 44 Laboratories com....* 9 140 Altorfer Bros * 30 American Pub Serv pre#.. 100 52 pre# * com .1 1,500 Barber Co (W. H ) com 1,550 Barlow 8c Seelig Mfg A com..5 * 5,150 Uastlan-Blesslng Co com.. 10 5,300 Belden Mfg Co common : 9,000 Bendls Aviation Corp com..5 1 16,250 Berghoff Brewing Co 1 2,050 Blnks Mfg Co. capital.. 10,350 Bliss & Laughlln lnc com ..5 45,500 Borg-Warner Corp common. 5 . 550 Brach 8c Sons (E J; capital 1,250 * • Brown Pence 8c Wire cl A Common 3.500 9,000 Bruce Co (E L) 1 7 2,520 750 1,550 1,350 550 19,200 670 1,670 140 750 250 Cent 111 Secur Corp— Common Convertible • 50c 35,400 Prior lien preferred.. • 3,140 Preferred...... 2,820 1,070 Central States Pr 8c Lt pref. * ♦ 2,750 Chain Belt Co com 950 Cherry Burrell Corp com...5 com .. . . Mar. 30 37 Sale 4 8% Sale Mar. 26 3% Mar. 1 6% Mar. 1 8 % Mar. 5 14% Mar. 29 9% Mar. 7 33 Mar. 30 54% Mar. 2 5% Mar. 7 6% Mar. 4 1% Mar. 1 32% Mar. 7 4% Mar. 11 1% Mar. 12 4 Mar. 31 8 Mar. 22 12% Mar. 31 7 Mar. 30 33 Mar. 30 45 48 48 Mar. 29 5X Sale 6 7% IX Sale 4 Sale 4 4% IX 3% Mar. 26 5% Mar. 36 Mar. 23 Sale 2 34 5% 5% 27 32 Sale 29 4 Mar. 11 - 44% Feb. V7 Mar. 29 27 6 Mar. 4 7% 11 8 2% 3X 10 18% 10 % 8X 12% 8X 9% 15 9 12 10% Sale Sale 6% Sale 10 11% 12 X 6X Sale ^ 21 5 8 7 % 12 19 Sale Sale Sale hi 9X a X X 23 Sale 47 4% 2 95% 30% SH 24 10% 13% 51% 50 % X 6% 1% Sale 96% Sale 33% Sale 4 4% 5 5 Sale Sale Sale 4H Mar. 31 Sale Sale 10 Sale 15 18 5% Sale Sale 4% 6% 10% Mar. 14 7% Jan. 17 Mar. 26 Jan. 4 Mar. 31 Jan. 12 8 Mar. 22 Jan. 12% Mar. 31 6% Feb. 11 Jan. 27 17 2 36 Mar. 25 Jan. 19 48 Mar. 29 Jan. 14 3% Mar. 26 5% Mar. 30 27* 12% Mar. 29 16% Mar. 31 10 Mar. 31 17 Mar. 30 5% Mar. 31 6% Mar. 29 7 Mar. 25 Mar. 23 17 10 Jan. 19 13 13% Jan. 10% Jan. 19 26 13 Jan. 10 13 Jan. 12 14% 8% 6% 22% 28% 13% 22% Jan. Mar. Jan. Jan. Jan. Jan. Jan. Mar. 29 Mar. 26 Mar. 19 Mar. 29 12 Jan. 8 7 Mar. 30 Mar. 31 2 8% Mar. 30 5% Mar. 31 4 10 Feb. 21 Jan. Jan. Jan. Jan. Jan. Mar. 3M Mar. 28 8% Jan. 6% Jan. 7 1% 36% 4% 1% 2% 1% 1 Mar. 7 24 10% Mar. 3 12% Mar. 2 8% Mar. 14 6 Mar. Feb. Mar. 30 4 14 33 8 Mar. Mar. Mar. 11 Mar. 25 18% Mar. 3 28 Mar. 4 13 Mar. 22 12% Mar. 29 16% Mar. 31 10 Mar. 31 20 Mar. 10 17 8 Mar. 15 Mar. 2 5 Jan. 9 6 Mar. 29 Mar. 25 7 Mar. 25 7 3 Mar. 29 28 12 14 12 9% Jan. 7 17 19 15 7 6 Mar. 30 4 7 15 10 25 11 Jan. 10 11 Mar. 25 Mar. 29 4% Mar. 2 5% Sale 17% Sale 5X Mar . 31 17% Mar. 31 8% Mar. 21% Mar. 2 1 5% Mar. 31 17% Mar. 31 5% Jan. 15 8% Feb. 25 21% Mar. 1 X % 14% Sale 10% 11% 41% Sale X Mar. 17 14% Mar. 31 9 Mar. 30 41% Mar. 31 X Mar. 17 21% Mar. 9 % Feb. 9 14% Mar. 31 25 Jan. Mar. 30 14 Jan. Sale 3 % % 5% 1% Sale 4% Sale Sale 94 26 2 4 11 }?H . 5 4 5% Sale 17% Sale 21% Sale 12 Mar. 13 I* 36 Mar. Mar. 31 Sale 8X 9 7X 10 4X Sale 8 8% 9 8£ Sale 1 Mar. 30 8 18 13 X 19 Mar. 28 8 7 25 12 X 15 X 1% "l3% ~lV~ i* 13 Sale 4 5 8% Mar. 14 13% Mar. 11 Sale 7 9 7% Sale 8 Sale 10% 11% 6% 5% 17 18 8% Mar. 14 15 7% 46* 26 1% Mar. 28 10 10 28 Jan. 4% Mar. 30 % Mar. 17 Mar. 29 X 11 "16"" "14"" 3% Mar. 28 Mar. 26 Mar. 19 3% 1% 1% 1X 2% 36% Jan. 10% Mar. 14 2 2 46 7% Mar. 31 4% Mar. 30 33 53 i preferred Central S W Utll Sale 5 30 Sale 1,050 Canal Const Co conv nref.f 4,350 Castle & Co (A M) common. 10 1,090 Cent Cold Storage Co com.20 * 5,940 Central 111 Pub Serv pre# 350 7% Sale 1|% Sale 250 1,600 Sale 37 30% 54 % 30 Vi i 17 10 4 4% 7% common 6 33 7,100 Burd Piston Ring com 1 1(1 25,450 Butler Bros common 4,350 5% convertible preferred 30 20 Bunte Bros 16 8% 5% Sale 2,650 9,150 1,850 20 40 8% 16 5X 6 3% Sale 6% Sale 8X 9 Sale 9% 5 Sale 6% 35 60 5 10 com 38 X 10 6 12% 300 Backstay Welt Co Feb. 1 17 Feb. 500 Allied Products Corp cl A.25 Common 10 100 1,650 2,950 49 5 Bearing common.1 3 2,300 Automatic Washer com. 3,200 tAviation & Transport cap.l 350 850 4 Advanced Alum Castings 350 2,350 1,300 3,250 8,250 1,200 4,250 24,500 47 8% 4% 3% 900 Automatic Products com...5 350 750 50 37 % 500 3,200 45 * * 2,450 1,050 1.450 500 50 * conv Sale Prices Sale Prices 47 com Allied Highest Sale Prices 48 Adams (J D) Mfg com. Aetna Ball j Highest Lowest Sale Prices 43 Abbott Laboratories com Adam* Oil & Gas Co 1,020 47,330 Armour 8c Co common......5 1 1,800 Aro Equipment Corp com J 5,050 Asbestos Mfg Co com * 2,310 Associates Invest Co com 4,700 Athey Truss Wheel capital.. 4 19,300 ] 1 far 1,300 10 40 .1927 Chicago Rys 5s ctfs Ask Ask Bid Bid 1927 Chicago City Ry 5a Certificates of deposit STOCKS 6,600 1,070 18,550 ■v 8,050 250 RANGE SINCE JAN. 42 1927 Cat & So Chic 5s ctfs Shares. Shares $18,000 — Lowest Mar. 31 Mar. 1 1938 Bid t1111 .-.i Jan. 3 Since Jan. 1 ^ Jan. 1 to March 31 Price STOCE EXCHANGE In t vPRICES IN MARCH CHICAGO SALES 1937 O $4,000 8,000 1938 March. 1,631,000 5,842,000 693,000 1,695,000 Shares_ March EXCHANGE Bond Sales 1937 1938 Stock Sales ^ 8* 15 3 6 % Mar. 10 Mar. 10 1 Mar. 26 12 Mar. 10 9 41% Mar. 31 50% Mar. % Mar 10 5 Jan. ~ 1 % M&r. 6% Mar. 1% Mar. Mar. 26 28 92 Mar. 24 97 Mar. 92 26 Mar. 31 33% Mar. 26 Mar. 31 3 Mar. 25 Mar. 12 Mar. 30 3 12 15% Mar. 30 4 Mar. 15% Mar. 16% Mar. 12 Jan. 25 Mar 30 15% Mar 30 1% Jan. 15 10 4 51% Feb. 28 % Jan. 6% Jan. 2% Jan. 11 17 4 97 Jan. 33% 5% 15% 21% Mar. 4 Jan. 13 Mar. 2 6 Jan. 17 c.hlc 200 100 50 28,600 7,550 "7,406 1,400 City 8c Con Rj— Common Participation preferred... * 86,250 Chic Corp common........! Preferred. 13,050 10 Chicago Electric Mfg A 14,700 Chicago Flexible Shaft com 5 2,650 Chicago A N W Ry Com..100 Chicago Rys— ...... 130 130 30 350 790 1,110 80 34,000 66,100 Part certificates' 2" 60 34,860 1,450 4,000 96,810 8,450 7,850 230 1,960 50 650 350 50 790 X 30 32 15% 34 38 ha Sale 1 1% Cities Service Co com Comm'wealth Edison com. 9% 90 61 hi 2 IX 26 X 22 16% 57% Sale 1% 1% 17 " 3X 97% 22 Sale Sale • 810 t.udahy Packing 4 IX 12 15 96X 97 X 5 100 65 220 290 Curtis Lighting lnc com....* 13 3 5,500 Dayton c.o Rubber Mfg pre#. * com Cum class A pref... 35 7X 17 21 70 4% Sale % 4,700 Cunningham Drug Stores 2% 64 3% 7 100 2% « Sale 13 IX 33 4 com... & 1% Sale 1% 2 26% 28 24% Sale 6X pref part shares % 99% 100 9 V6 c 16% 34 49% Sale % Sale Sale 50 V t iH Sale Sale 99% Sale Sale 7H 26 5% part shs v t c A 50 Common part shs v t c B..* Com 14,900 Cord Corporation....... 250 Sale Sale 8 .25 Compressed lad Cases cap..5 Consolidated Biscuit com... 1 Consumers Co— 1* ■—g 1% 2 33 B' 2 2,450 1,050 "~ji 100 Chic Rivet 8c Machine cap..4 100 Continental Steel Preferred 70 310 1 Sale 2 100 750 Club Alumiqum (Jten Co.. 120 Coleman L'p A Stove com... 250 "4,350 Partic certificates I 370 Chicago Towel Co conv pref * Common capital.........* 240 200 % _• ... Sale 13 X 5 8X 22 Sale 3% 1% 14 97% 98% 1% Sale IX X 12% 68 Sale 13% Sale 2 2% 9% 10% 20 60 98% 64 Sale 1 1% Sale % Mar. 15 1% Mar. 30 25% Mar. 31 48 Mar. 18 % Mar. 30 % Mar. 26 % Mar. 14 5% Mar. 29 Mar. Mar. 3 % Mar. 30 % Mar. 26 % Jan. 14 5% Mar. 29 % Feb. 24 % Feb. 28 2% Jan. 11 34 , Jan. 18 3 3 98% Mar. 100 65 2 Jan. 1% Jan. 1% Jan. Mar. 27 4 20 24% Mar. 22 22 Mar. Mar. 30 Mar. 21 14% Mat. 3% Mar. 25 10 12 97 Mar. Mar. 1 4% Mar. 9 2 10 8 Jan. 12 27% Jan. 7 12 Jan. 4% Feb. 17 Mar. 1 5 Mar. 4 4 Feb. 24 Mar. 4 2 Mar. 4 6% Jan. 2% Jan. 1 Mar. 3 1% Jan. % Feb. 7 % Mar. 25 4 8 Feb. Mar. 1 22 4% Sale IX 2% % 1% 2 1 Mar. 30 10 Mar. 30 98 ~1% Mar.~26 '50" 14 58% Mar. 1 4 20 14% Mar. 3% Mar. 8 % Jan. Jan. 4 Sale 14% 3% Sale 24 % Mar. 10 Sale 20 Feb. 18% Feb. 14 59% Feo. 28 1% Jan. 10 Mar. 17 1% Mar. 1% Mar. 1% Mar. 38% Jan. % Mar. 8 % Mar. 14 7% Mar. 14 64 Mar. 1% Mar. 30 25% Mar. 31 18% Feb. 14 57% Mar. 1% Mar. 100 98% Mar. 58% Mar. 1 % Mar. 15 2% Mar. " 33 % Feb. 24 % Feb. 28 1% Mar. 10 Mar. 30 4 22 Jan. 5 13% Feb. 18 98 26 i 97% Jan. 7 1% Mar. 26 Jan. 2% Jan. 12 65 51 Mar. 30 68 1 51 Mar. 30 70 Feb. 18 12 Sale 12 Mar. 31 12 Mar. 31 2 Sale 2 Mar. 31 14% Mar. 17 2% Mar. 21 9% Mar. 2 2 Mar. 31 15% 3% 10% 21% Jan. Jan. Jan. Feb. 24 28 21 23 5% Sale 5% Mar. 31 Mar. 5% Mar. 31 20 25 25 Jan. 28 Decker (Alf) 8c Cohn— 400 10 2,300 20 50 18 X 20 pref.... * * 5 Dixie-Vortex Co com........* Class A.L 550 .......* 1,550 50 900 conv 130 De Mets lnc pref 610 Dexter Co (The) com...... 60 120 200 2X .....100 Preferred 80 Deep Rock Oil 10 JO Common 2,800 Dodge Mfg Corp For footnotes see page 56. common. _.* 4X 15 31 12 3% 75 26 2% 73 18" 25 4 15% 30% 11% 4% 16% 32% Sale 1% Mar. 29 19' 63 45 20 30 24 21 6 16 35 14 2% 3% 19% Mar. 24 23 21 Mar. 23 2% Mar. 18 45 Mar. 23 1% Mar. 29 45 Mar. 23 3% Jan. Feb. 61 17 8 25 „ 19% Mar. 24 18% Feb. 4 20 Feb. 21 6 21 Jan Mar. 23 5 4 Mar. 23 Mar. 22 21 4 4 Mar. 22 4 Mar. 22 13 6% Jan. 18 15 32 15 30 Mar. 28 Mar. 30 15% Mar. 10 15 Mar. 28 16% Jan. 31 30 30 Mar. 30 34 29 7% 9 7% Mar. 30 Mar. 30 11% Mar. 1 Jan. 7% Mar. 30 . 6 Jan. 13 14% Jan. 12 J ^ April, 1938] AGGREGATE CHICAGO Jan. 1 8hares 550 Share* 3,500 2,000 RANGE SINCE JAN. 1 Price Since March 55 EXCHANGE PRICES IN MARCH chicago stock exchange SALES In STOCK Jan. 3 STOCKS 1,700 Eddy Paper Corn (The) * 5 12,840 El Household Utll Corp 4,800 Elgin Nat Watch Co 150 Fair, The common Mar. 1 1938 Par 15 ♦ „. Bid 16% 3% 22 Ask 19% Sale 23 Mar. 31 Ask Bid Bid 18% 3% 20% 20% Sale 21% Ask 10% 2% 18% Sale Sale Sale Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices 10% Mar. 31 2% Mar. 29 18 15 21 % Mar. Mar. 23 3% Mar. Mar. 28 1 4 10% Mar. 31 2% Mar. 29 21 15 24 Jan. 6 28 Feb. 11 4% Jan. Mar. 28 17 14 28 Jan. 6% Jan. Pits Simons & Connelf Dock 1,050 1,150 1,750 450 2,550 2,450 200 650 3,200 37,100 A Dredge Co com . 73,600 20 Gen Household Utll com....* 370 Godchaux Sugar Inc cl B...* 130 Class A ——* 2,300 2,100 7,710 6,100 Goldblatt Bros Inc com * 3,550 Gossard Co (H W) com * 18,160 Great Lakes D & D com— 10 550 1,200 300 Hall Printing Co com .10 400 Hamilton Mfgcl A part pf_.10 420 1,070 HarnlschfeCer Corp com..10 5,100 11,800 550 1,400 50 Heileman Brew Co G cap—1 Heln Werner Motor Parts.-3 50 Heller (W E) 110 ; ... 100 550 2,250 Hormel At Co (Geo) A..* com 6 6% 5% 5% 7 2 10% 2% 12% 2% Sale 12% 13% 46 55 51 9 10 4 Sale 2% Sale 11% 15 26 30 21% Sale 7% 8% 13 Sale 52 9% 3% 10 3% 1% Sale 20 13 32 19* Sal* 18 8 15 5% 4% 6% 8 6 6 7 6% Sale 6 Sale 6% Sale 4% 5 6% 7 5% 20 25 preferred 210 Without warrants 810 Hlbb Spencer Bartlett com.25 380 Horders Inc common... * 370 7 6% • . 1,150 Four-Wheel Drive Auto 10 450 Fox (Peter) Brewing com_._5 5,300 Fuller Mfg Co common 1 4,500 Gardner Denver Co com * 300 S3 cum conv pref.. 20 1,600 General Candy Corp A 5 9,500 General Finance Corp com.. 1 ..... 24 42% Sale 19% 43 17% 17% 48 52 8 2% 8% Sale 1 10 Sale 20 28 38 14% 15% 5% Mar. 30 6 5 Mar. 29 8 Mar. 23 6% Mar. 16 8% Mar. 15 1% Mar. 28 Sale 8 7 Jan. 5 6% Mar. 16 8% Mar. 15 2% Jan. 11 5% Mar. 30 5 Mar. 29 8 Mar. 23 1% Mar. 28 10 2% Mar. 1 Mar. 26 12% Mar. 4 Mar. 26 16 Jan. 12 Mar. 22 52 5 Mar. 22 Mar. 23 52% Jan. Jan. 10] 26 9% Mar. 16 3% Mar. 3 1% Mar. 1 15% Mar. 15 33% Mar. 10 43 Jan. 10 23 Jan. 8 8% Mar. 23 2% Mar. 31 1 Mar. 2 15% Mar. 15 33% Mar. 10 14% Mar. 29 Mar. 18 10 Mar. 31 2 Mar. 1 15% Mar. 15 Jan. 17 Mar. 10 Mar. 2 14% Mar. 29 Mar. 31 8% Mar. 15% Mar. 7 1 12% Mar. 29 6 5 Mar. 30 6 Mar. 11 3 Mar. 28 5% 6% 6% 5% Mar. 10 Mar. 1 Mar. 14 Mar. 21 5% Mar. 23 5% Mar. 29 4 Mar. 30 20 20 Mar. 20 18 Mar. 30 40 13 39% Mar. 16 Mar. 20% 17% Mar. 5 20 23% Jan. Mar. 31 6 5 3 Mar. 4 35 20% Mar. 4 18 43 Mar. 1 3 13% Mar. 3 1 18 Mar. 15 39% Mar. 16 13% Jan. 19 16% Jan. 7 5% Mar. 31 8% Mar. 31 % Mar. 31 10 Mar. 4 10 Mar. 8 Mar. 1 23 7% Jan. 6% Jan. 7% Jan. 10 20 11 7 Mar. 28 20 12 Feb. Jan. 14 6% Jan. Mar. 30 5 11 8% Jan. 17 16 5% Mar. 23 5% Jan. 27 Mar. 13% 26 Feb. 12% Mar. 29 5% Sale 3% 5% 5% Sale 5% Sale 4% Sale 16% Sale Mar. 50 Sale 6 12% Sale 16 16 6 26% 21 1% 10% Sale Sale 8% Sale Sale Mar. 5 Mar. 30 20 Mar. 5 20% Mar. 4 45% Feb. 18 14 Jan. 10 21 Jan. 12 Jan. Jan. Jan. 12 5 Houdallle-Herahey— 800 1,450 1,150 6,600 3,200 1,690 1,700 1,600 300 2,200 1,550 430 1,050 20 10 1,150 3,150 1,000 2,700 6,950 1,850 350 10 Sale Sale Illinois Brick Co Iron Fireman Mfg Co Jarvis (W B) * il* v t c._ Sale Co capital—..1 Sale 42 Sale Sale 3% Mar. 37 3. 100 2,850 Ken-RadTube At Lpcom A..* 13,500 KLerlyn Oil Co common A...5 7,550 Kingsbury brewing Co cap.l 4,700 La Salle Ext Unlv com.. 5 55 I aw beck Corp b% cum Sale 29% pfdlOO Leath A Co common.. Cumulative Sale Sale * preferred....* 16% 2,150 Le Rol Co common ..10 7,100 Llbby. McNeill A Libby * 5,200 Lincoln Printing Co com —* 2,950 2,650 70 Sale Sale Sale 190 27% $3.50 preferred 1,950 Lindsay Light AChemcomt* 400 1,020 160 McCord Rad A Mfg "A" * 340 McQuay-NorrlsMfg com.--. • Manhatt-Dearborn Corp com* 2,150 4,200 30 130 14,050 10,100 55,300 21,050 _ 280 380 Mapes Cons Mfg capital * Marshall Field A Co com—* Mer A Mfrs Sec cl A com Prior 1 preferred ♦ 100 Metrop Indust allot ctfs 11,200 Mlckelberry's Food Prod com I 95,500 Middle West Corp capital...5 29,550 Stock purchase warrants... 8,800 Midland United Co com....* 4,550 Convertible preferred * . . 460 640 50 240 10 140 880 2,060 if* ..." 1$ ::::: 7% Sale 3% Sale 20 30 18% 2% 3 5% Sale 7% prior lien..........100 7% preferred A 100 12 28 450 Preferred • com.. 150 Nachman Springfllled com 830 National Battery Co pref.. 650 Nat 5,100 7% 5,000 950 2,300 60 6 Republic Invest Trust— conv. pref.... * ......10 stock.. 20 Noblitt-Sparks Ind Inc Nortb American Car 50 Northern 16,350 Nonhwest Paper 20 i 80 210 20 10 22% 7 Sale * com si* 11* com 610 Northwest Eng Co com 240 Nor West Utll pr lien pref. ISC 610 7% preferred. 1 St 30 Okla Gas A El 7% pref 100 30 Ontario Mfg Co com 310 -16" com Mills Bancorp 5 20 Mar. 9 2 Mar. 10 54% Feb. 5% Mar. 3% Mar. % Feb. 1% Mar. Mar. 16 16 9 02% Mar. 22 30 3% Mar. 2 15% Mar. 21 1 9% Mar. Mar. 29 Mar. 2% Mar. 30 24% Mar. 25 3* Mar. 30 Mar. Mar. 7 19 14% 5% */ 22% Sale 3 19 Sale 2% 2 Sale 5% 1% % 2% 4% % % 2% Sale Sale % 3% 1 Sale 1% Sale 1% 24 Sale 22% 3 5% Mar. 25 26 7 Sale 29 4% 7% 24% Sale 3% 4 39% 42% 23 8% Sale 19% 22 6 6% 5 Sale 21 Sale "3% Sale i?8 i<!* 2% Sale 40% 15% 1 Mar. 28 1 Sale 6 4 25 Mar. 25 5% Sale "24% Mar." 1 14 Sale .8 ....* ...* 4% Mar. 8% Mar. 1 22% Mar. 16 5 12 2 Sale 10 Sale Sale 5 6% 13 8 11 105 15 22% 10% 7 Sale 32 12 5% 8% 19 Sale 12 15 8% 7% 105 105 Mar. 17 Mar. 30 8% Mar. 31 19 Mar. 8 Mar. 2 Mar. 15 Mar. 8 13 Mar. 31 1 Mar. 31 290 .....* Common 7% 20 Convertible preferred... 550 Parker Pen Co (The) com..10 ""loo 135 1,285 1,200 1,250 500 400 150 Pea body Coal Co Kle< B com— 560 250 Peoples Gas Lt A Coke cap 100 850 Perfect Circle iThe Co 950 Pictorial Pap Pkg com 50 Pub Serv of Nor 111 "l",666 4,170 310 com Ouaker Oats Co com 1 60 150 Preferred. . 1 1% * 1 12,100 40 Ross Gear A Tool " 1,950 1,200 400 2,100 ... com For footnotes 56* "99% 85 129 140 2 23 Mar.~3l 30% 27% 3% % 1% Mar. 31 % Mar. 18 o Sale 7% Mar. 29 96 Mar. 30 * 1 * 1 Sale 20% 26 26% 13 is* ¥0 ?1* 63 3% 23% 12% Sale 4 31% 13% 2 Sale 23 25 6 12 99 7 Mar. 4 Mar. 17 Mar. 25 Mar. 2 Mar. 30 18 11 Mar. 22 16 3 Jan. 10 7 Jan. Jan. 5 10 Jan. 9% Jan. 4% Jan. 2 10 5 Jan. 5 Feb. 4 5 Feb. 9 1% Jan. 20 1 Mar. 28 1 Feb. 14 % Jan. 2% Jan. 6% Jan. 25 13 14 20 Mar. 25 2% Mar. 31 Jan. 6 15% Mar. 30 7% Feb. 3 2 1% 1% 4% 7% 27% 4% 41% 16% Jan. 19 Jan. Mar. Feb. Feb. Jan. Jan. Feb. Mar. 10 Mar. 29 4 Mar. 22 4 6% Mar. 22 3% Jan. 14 Mar. Jan. I 12 Mar. Feb. Mar. Feb. 19 Jan. 100 13 8 Mar. Mar. 26 32 II Mar. 7% Mar. 27% Feb. 27% Feb. 15 14% Mar. 3 Jan. % Mar. 12 Mar. 15 Mar. 1 Jan. 6 Jan. 8 Jan. 17 Jan. 25 1!* 8% Mar. 14 10 12 2 12 11 10 Mar. 2 10 Jan. 23% Jan. 2% Jan. % Mar. 8% Mar. Jan. Mar. 33 Feb. 24 Mar. 29 Jan. 3 Mar. 4% Jan. Mar Jan. Mar. Jan. % Mar. 81% Jan. Jan. 141 9 20 Mar. 2 10 Mar. 63 Mar. 5 1 3% Mar. 23% Mar. 5 3 12% Mar. 11 16% Jan. ll>f 7% Mar. Mar. 99 % Mar. 25 20% Feb. 7 15% Mar. 31 Mar. 29 Mar. 30 Mar. 30 Jan. Feb. 9 10 10 12 13 8 6 13 1 18% Mar. 23 2% Jan. 18 1% Mar. % Jan. 96 13 14% Mar. 11 5 9% Jan. 3% Mar. 24% Mar. Mar. 3 21 20 129 Mar. 12 1 23 12 19 21 8% Mar. 1 22% Jan. 19 6% Jan. 13 2 1 11 3 1 Mar. 10% Mar. 1 98% Mar. 10 10 8 10 % Jan. 85 8 Mar. 10 Jan. 1% Jan. 3 Mar. 15% Mar. 31 7% Mar. 29 47% Mar. 30 2 Mar. Mar. 14% Jan. 31 81% Jan. 100% Jan. 2 1 23% Mar. 5 8% Mar. 28 Mar. 1 Mar. 14 18% Mar. 23 % Mar. 25 % Sale 18% 15% Sale 7% Sale 1 1 Mar. 28 140 17% Mar. 29 Sale 1 ?a* see page % Mar. 28 10% Sale 360 Slgnode Steel Strap Co pf.3l) Common • 1,450 Mar. 29 % Mar. 24 % Mar. 16 97 Sal* Serrlck Corp cl B com Mar. 31 3 1% 2 1 9,650 24 Sale 139 18 10 3,900 Sangamo Electric Co com * 2,600 Schwitzer Cummins capital. 1 1,700 Sears Roebuck A Cocom. ...* 20 400 98 ..........100 Common Mar. 26 14% Mar." 3 % Mar. 9 14% Mar. 11 7 11 Feb. 8% Mar. Mar. 29 21 Mar. 22 25 Jan. 10 2% Jan. 14 Feb. 34 4 Mar. 31 Mar. 31 Mar. 30 1% 4% % % 5 Mar. 15 11 Jan. Feb. 19 4 Feb. 24 1 70 Rollins Hos Mills conv pref 3,350 33 ..* Mar. 29 3% Mar. 30 24% Mar. 23 5 14 10 5% Mar. 30 2% Mar. 26 19% Mar. 25 96 8 15 Jan. 22% Jan. 19 2 " 28% 4% 3% 2,650 Raytheon Mfg Co com vtc 50c 3,000 6% preferred? tc 5 1,580 Reliance Mfg Co Common. 10 680 12 31 * ISO 910 Preferred... 850 Rath Packing Co com 150 1,250 1,400 15 27 5 4,500 Pines Winterfront com 2,650 Potter Co (The) com 1,190 Process Corporation com 990 7% Mar. 31 14% Mar .'30 % Mar. 30 6 400 2,300 1,650 8% 14% % Jan. 9 19 Jan. 9% Feb. 30 13$ 18 Mar. 15 9% 14 * com Mar. 17 % Mar. 22 96 Mar. 29 25 Penn Elec Switch conv A..10 Penn Ga» A 5% Mar. 25 26 Mar. Oshkosh B'Gosh Inc— 150 2 21% Mar. 11 10% Mar. 2 8% Mar. 30 96 Mar. % 9% 18% 2% 10 6% Mar. 31 Mar. 29 12 7 21 Mar. 23 10 8] Mar. 6% Mar. 22 Mar. 31 Mar. 24 14 10 14 7 Mar."35 '16% Mar."21 8y. 12% Sale 2 2% 34 6 40 6 30 4 7 Mar. 23 18% Sale 2% 3 10% Mar. 22 2% Mar. 31 15% Mar. 21 7% Mar. 31 1% Mar. 17 24% Mar. 31 4 Mar. 22 Mar. 1% Mar. 24 3% Feb. 18 31 28 Mar.17 4 5 21 16% Mar. 3 1 29 5 31 3 1% 1% Mar. 29 III 19 13 6 66 Mar. 18 5 28% Jan. 60% Jan. 18 Jan. 13 12 Jan. Jan. Mar. 28 8% Mar. 17 17 Jan. Jan. Jan. 3 1% Mar. 12 1% Mar. 12 20 Jan. 5 1% 1% 3% Mar. 22 Mar. Mar. 4 Mar. 15 Mar. 1 Mar. 3 Mar. 4 Mar. 18 Mar. 10 Mar. 12 Mar. 12 2% Mar. 31 10 22 Jan. Jan. Jan. 8 19 Mar. 12 8% Mar. 2 3% Mar. 1 24 Mar. 1 2% 5% 1% % 4% 11 11 8 10 15 Jan. 15% 18% 23% 40% 9 Mar. 10 31 31 30 3 23 Mar. Mar. Mar. Mar. 3% Mar. 15% 8 5 20 1% 4% % % 8 8 Feb. Mar. 18 16 3 Sale Sale % 3% 1% 1% 1% 2 1 1% Jan. 11 5% Mar. 26 % Mar. 5% Mar. 30 2% Mar. 26 19% Mar. 25 Jan. 7 4% Feb. 4 6% Mar. 29 Mar. 17 % Mar. 22 Mar. 12 19 29 30 16 32 8 Mar. Jan. Mar. 29 1 4 Mar. 22 2 10 Jan. 2% Mar. 30 24% Mar. 25 2 30% Mar. 18 27 % 8% Sale 3% Sale 23 I cap 5 1% Mar. 24 Standard— Common National Union Radio com 60 Nineteen Hundred class B..1 15,250 3,000 5 40% 4% Cumul. National 1,750 ..... 20 700 Nat'l Pressure Cooker Co...2 400 4,290 d"/l 39% ... 60 Mountain States Power pf. 100 50 21% • — 500 Monroe Chemical Co Mar. 24% Mar. 31 6 1 6% 240 60 3 65 23% Mar. 30 % "3% Modine Mfg com... 1 Sale 6% preferred A.........100 Miller A Hart Inc conv pref • 2,950 5 30 25 31 31 Mar. 24 Mar. 30 Mar. Mar. 11 Mar. 29 8 Mar. Mar. 31 Mar. Mar. Feb. Jan. Mar. Mar. Mar. Mar. 17 Mar. 18 Sale 200 Mlnn's-Moline Pow Imp com.* "l",6 50 6 4 5 16% Mar. 28 1% Mar. 17 Sale 640 Midland Utll 6% pr lien.-IOO 490 16 37 4% Mar. 2% Mar. 31 15% Mar. 21 7% Mar. 31 2 11,000 l ion OH Ref Co com. 3,100 Loudon Packing common—• 1,150 Lynch Corp common 5 670 5% 3% % 1% 9 66* 11* Mar. 28 Mar. 31 Sale 3 Mar. 39 5% Mar. 26 55 Sale 2 Mar. 21* Mar. 24 Mar. 30 Mar. 18 cum Mar. Mar. 15% Mar. 17 H* i% Mar. 30 Mar. 31 108 14% 4% 4% 3% 13% 11% 15% 4 13% Mar. 8 11% Mar. 31 15% Mar. 31 20 600 5,550 5 100 Mar, 30 Mar. 16 Mar. 31 105 Mar. 3 Mar. 1 14% Mar. 30 24 4% Mar. 25 5% Mar. 2 4% Mar. 21 4% Mar. 21 20 500 5,250 2,350 5 pref. 50 7,750 29,250 18,650 3,950 1,200 4% 9% * lefferson Electric Co com 840 Kentucky Utll Jr 450 6% preferred 170 "4,266 Sale • 1 5% Mar. 31 8% Mar. 31 % Mar. 31 100 Mar. 18 2,900 650 ..10 Illinois Nor Utilities pref.100 66 250 850 Sale 90 190 4,100 Sale 1 Hupp Motors com .... 230 1,750 Hubbell, Harvey, Inc com..5 650 Joslyn Mfg & Supply Co com 5 7,700 Kat* Drug Cocom— 1 6,400 Kellogg Switchboard com—* 20 Preferred ...100 2,650 3,700 10,000 2,600 1,750 Sale .. Indep Pneum Tool v t c Indiana Steel Prod com 60 Interstate Power $7 pref 100 $6 preferred 400 80 Class B.. 27 8% Mar. 28 Feb. 17 Jan. Jan. 13 4 1% Jan. 15 20% Feb. 7 27 Jan. 8 13% 63% 5% 28% 17% Jan. 11 Feb. 23 Jan. 11 Jan. 14 Jan. 10 CHICAGO 56 aggregate In Since Jan. 1 Share* Par Shares 290 Sirjet Steel Castings com—* 100 160 1,700 5,250 200 Common Standard Gas & Elec com Storkllne Fur com 8,300 Utah Radio Products cofa__* 5 1,850 Utility 8c Ind Corp com Convertible preferred....7 6,400 510 Viking Pump Co common...* 50 Preferred * 260 1,000 6,000 700 2,250 12,850 1,630 1,050 """266 310 1,500 2,550 1,850 600 550 15,750 ♦ 4 28 13 Mar. 2 Mar. 31 17 Mar. 10 Mar. 25 Wahl Co Ward * com Walgreen Co com ..... * (Montgom) 8c Co cl A.* Wieboldt Stores Inc com....* Cum prior preferred......* Mar. 30 64 Mar. Sale 7X Mar. 30 IX Mar. 23 2X Mar. 25 12 X Mar. 1 11 Sale 3 4X 12 X Sale Sale iv 4 4X 12 J* 14 71 73 X A* 16 X 78H 1X X IX 16 X 37 4 Sale 5 8 x Ex-dividend. 3X Mar. 31 Sale 79X 1h 15 X 59 X % y8 X 40 X 3% UH Sale 60 X 1 Sale IX 2 23 1651, Sale t Formerly the Oord Corp. 1 1 18 73 Feb. 10 64 Mar. 7% Mar. 30 IX Mar 23 2X Mar. 25 13 2X Mar. 25 1 5X Mar. 3 9X Mar. 1 . 1 3 5 Mar. 31 12 6 Mar. 31 13 Mar. 12 X Mar. Mar. 1 Mar. 30 Mar. 8 22X Mar. 30 Mar. 8 3X Mar. 31 16X Mar. 1 14X Feb. 3 >3 X Mar. 30 Mar. 30 15 ii Nonpar value. Mar. 2X Mar. 22X Mar. 30 Sale 10 X 11 76 X Sale 8% Jan. 27 100 Jan. 1 21 2 1 15 15 11 Feb. 28 Jan. 17 Jan. 17 Jan. Jan. Jan. ~ Sale IX IX 18% Sale Common 10,050 .....2 4,700 Woodall Indust com ...5 1,350 Yates-Amer Mach cap * 2,950 Yellow Cab Co Inc (Chic) * 38,400 Zenith Radio Corp com Mar. 31 Mar. 31 Sale 136 com...* Wisconsin Bankshares— Jan. Jan. 58 3X 3,150 Williams OIl-O-Matic 12 Jan. Sale 2 25 50 2,250 Mar. 16 2 11 .....15 3,050 600 12 1% Mar. 25 "80"" * 50 Union Carbide & Carbon cap* Feb. 21 Feb. 1 2X Jan. 31 12 Mar. 4 13 X Mar. 31 04X * 2,150 Thompson (J R) com......25 2 5,000 Trane Co (The) common Highest Sale Prices 2% Sunstrand Mach Tool com..5 Swift Internaclonal Lowest Sale Prices 16 X "64"" 10 Swift & Co cap 8tk_. Highest Sale Prices 15 2 1 200 Stein & Co (A) common 2,750 4,750 23,300 6,500 Lowest 15 X 50 Southw GAB Co 7% pref.100 90 Southwestern Lt 8c Pow pfd_* 610 St Louis Nat Stockyards cap * 3,900 Standard Dredge conv pref20 13,150 1,300 Ask 12 South Bend Lathe Wki cap 5 2,900 1,450 Bid Sale Prices Mar. 31 Mar. 1 1938 Bid 270 Sou Colo Power A common.25 100 1,050 2,050 9,800 2,650 STOCKS 3,350 150 1 Price Jan. 3 March 1,800 RANGE SINCE JAN. PRICES IN MARCH CHICAGO STOCK EXCHANGE SALES EXCHANGE STOCK 23 _ 5 14 ^ Mar. 23 63 X Mar. 30 63 X Mar. 30 X Mar. 29 H Mar. 14 IX Mar. 29 14:X Mar. 29 IX X IX 16X Mar. 3 Mar. 14 Mar. 14 Mar. 8 37 X 1 Sale 15 Sale 119X 135 9 75 2X 1 Mar. 23 IX Mar. 8 15 Mar. 31 19 Mar.. 2 129 X Mar. 25 136 Mar. 1 10 X 82 3 3X 4X 2X Sale IX 2X 9 7X 73H Mar. 24 2 X Mar. 25 h z y± Mar. 30 Mar. 30 ovxar 1% Mar 23 8 Mar 26 9% Mar 31 76X Mar. 1 3X Mar. 17 4% Mar. 3% Mar. 2X Mar. 9 2 4 5 Mar. 16 16X Mar. 1 Ji Mar. % Jan. IX Mar. \.4X Mar. \6H Jan. 29 18 29 29 17 18% Jan. 27 Jan. 11 15 5X Jan. 12 16% Feb. 25 63 X Mar. 30 IX Jan. X Jan. 2 18 12 7 Feb. 25 Jan. 14 37 X Feb. 18 IX Jan. 8 20 H Jan. 11 L5 Mar. 23 Mar. 31 19X LOX !3% 2X Jan. 6 Mar. 25 140 Jan. 28 12 X Jan. 15 Mar. 24 79 X Feb. »3 4% Jan. 18 Mar. 25 1 3X Mar. 30 2% Mar. 30 IX Jan. 28 8 Mar. 26 9X Mar. 31 5X 5X 2X 12 X 17^ Jan. 10 Jan. 15 Mar. 5 Jan. 12 Jan. 12 Baltimore Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON BALTIMORE STOCK EXCHANGE 1937 56,744 164,121 98,482 268,623 Sharesm Jan. 1 to March 31 AQQREOATE SALES In Jan. 1 Jan. 1 to March 31 __ RANGE SINCE JAN. PRICES IN MARCH BONDS 100 3%« Public Impt.... 4s Sewerage Impt 1,100 Mar. 1 1938 Bid Ask Bid Ask Highest Lowest Highest Sale Prices Sale Prices Sale Prices 101 1940 1961 __ Lowest 118% Mar. 11 118% Mar. 11 1961 1,400 3%« New Sewerage Imp..1980 7,000 1,000 "T,666 1,000 1,000 3,000 Share* 9,400 Atlantic Coast Line 5% ctfs. J 278,000 Bait Transit Co 4s flat..1975 A 5s flat 90,450 a. 1975 B 5s 1975 9,500 17,000 Finance Co of Amer 4%..1942 1,000 4% 1947 1,000 Interstate Co 5% 1948 1,000 5% 1945 2,000 5% 1949 2,000 5% 1950 14,000 Read Drug A Chem .m*.1945 STOCKS. Shares 4,192 25 505 865 1,950 50 7,505 2,839 6,220 4,058 849 945 480 315 25 3.506 76 95 496 13,761 425 584 294 64 248 4,287 4,482 45 500 386 15 11 * 1st Preferred com y ▼ 133 * * t c Sale * t c 99 4,064 Eastern Sugar Assoc Preferred 2,045 1,446 Fidelity A Deposit 15% 16 1% Sale .100 Y t. Common class A .... Preferred 10ft 194 Northern Central Ry 16 1,225 Owlngs Mills Distillery 1 889 Penn a Water A Power com • 41 Phillips Packing Co., pref. 100 11 Real Estate Trust Co v* 1 Mar. 31 94 Sale Jan. 17 112 91 Jan. 17 Feb. 17 21% Mar. 2 82% Mar. 21 99% Mar. 16 15% Mar. 31 27 Jan. 78 1 85 Feb. 24 1 99% Mar. 16 94 Mar. Mar. 31 99% Mar. 22 99% Mar. 17 99% Mar. 22 Mar. 4 15% Mar. 1 Mar. 29 23% Jan. 15 15 Mar. 31 102 101 13% Sale 12% Mar. 30 15 25 1% Sale 14% Sale Sale 9 10 % Sale Sale % Mar. 31 9% Mar. 30 56 Sale 55% Mar. 31 112% Mar. 31 4% Mar. 30 % Sale 63 23 112% Sale Mar. 96% Feb. 15 94 Mar. 31 94 Mar. 31 99% 99% 99% 99% Feb. Mar. Jan. Feb. 99% 99% 99% 99% Feb. 16 Mar. 22 Jan. 27 16 22 27 23 Feb. 23 Feb. 2 Jan. Mar. 31 102 101 Mar. 1 25 Mar. 10 Mar. 15 Mar. 1 Mar. 16 Mar. 1 Mar. 11 Mar. 2 Sale 17% Sale 98% Sale Feb. % Feb. % Alar. 9% Mar. Jan. 20 55% Mar. 112% Mar. 4% Mar. 9% 10% ~9% "10% 14% 15% 16% 12 36 Sale Sale Sale Sale 7 2% 2% 15% 24 8 Sale Sale Sale 25 "6% 6% 2% 2 *15" "16" 10 23 2% 1% 23% 24% *48" "54" 10% 1% 93% % Sale 1% 97 Sale Sale Sale Sale Sale Sale 3 41% 10% 1% 86% 11 Sale 90 8 Sale 1% Sale 74 Sale % Sale 66 Mar. 3 11 11 76% 29% 9% Mar. 30 Mar. 1 11 75% 29% 9% 9% 11% % 6% Mar. Mar. Mar. Mar. Mar. Mar. Mar. 31 Mar. 1 31 Mar. 15 29 Mar. 11 Mar. 11 Mar. 1 8 75% Mar. 29% Mar. 9% Jan. 9% Mar. 11% Mar. % Jan. 6% Mar. % Feb. 1% Mar. 1% Alar. 30 8 28 2 Mar. 17 Mar. 21 Mar. 8 1% Mar. 31 1% Mar. 31 Mar. 22 Mar. 31 22% Mar. 31 2 Mar. 22 41% Mar. 30 7% Mar. 30 Mar. 10 7 Jan. 12 7 1 Jan. 6 Mar. 17 11 14 Jan. 17 70 Feo. 5 115 8% Jan. 13 2% Jan. 17% Jan. 23% Jan. 18% Jan. 12 104% Jan. 25 8 35% Jan. 9% Feb. 2 9% Mar. 11 17% Jan. 11 ,3* Jan. 21 21 Jan. 7* 24 Jan. Jan. 8 Jan. Jan. 8 15 12 11 47% Jan. 11% Jan. 27 15 Mar. Jan. 7 5 22% Mar. 25% Jan. Mar. 11 11 2 Mar. 11 41% Mar. 7% Mar. 1% Mar. Jan. 21 29 Mar. 29 74 94 23 Mar. 11 10 1% Mar. 74 Mar. %Mar. 60 Mar. Mar. 28 12% Alar. 23 % Mar. 92 Mar. Mar. Mar. 10 2 Alar. Mar. % Mar. 3 H 75* Jan. 7 3 Jan. 10 Jan. 21 Jan. 2 13 J Sale 20 32] 34 13% 14 26 9 29% Mar. 3 2 70 Mar. Mar. 64 28 Sale 25 7 Mar. Mar. 70 63 36 -.25 ....... Mar. 10 % Mar. 100 193 Western National Bank r Sale Mar. 99% Mar. 16 10 1 20 —~ .* 8,543 New Amsterdam Casualty..2 20,467 North Amer Oil Co com No par value. 15% Sale 26% 23 -if" 20 100 Guar 15% Mar. 31 78 99% *""% Sale" ..1*. 1 com 1st preferred A Mar. 29 15 99% Mar. 17 99% Mar. 22 Sale Second preferred.......100 Mar Tei Oil 1 U S Fidelity Sale 101 Sale Merch A Miners Transp * Monon W Penn PS 7% pref 25 134 Mt Vern-Woodl Mills Com 100 30,320 16 80 99% 101% 65 Houston Oil preferred 186 Mfrs Finance common 484 Sale 99% Mar. 22 114 8,354 37,101 13,749 1,421 1,174 21% Sale 97% 15 99% * 941 Fidelity A Guar Fire Corp. 10 457 Finance Co of Am class A.. * Class B 100 25 740 761 Sale 94 .....100 Consol Gas SLft Power 5% preferred 21 78 96% Black & Decker common....* 95 Seaboard Comm'l Pref 13",276 25 20 Jan. Par Corporation Bait Transit Co 10 101 90% Feb. 17 Sale 240 Brager Elsenberg Inc com..50 4,157 492 668 Arundel Jan. Jan. 17 118% Mar. 11 116)£ Jan. 26 117% Jan. 17 118 112 23 330 Atlantic Coast L (Conn)...50 2.051 1,390 1 Sale Prices Mar. 31 Ask Bid 800 City 4s Dock Impt 88,500 43,500 6,000 $137,050 346,300 $152,400 429,750 Jan. 3 BALTIMORE CITY BONDS— 400 March Price Since March BALTIMORE STOCK EXCHAN GE 1937 1938 Bond Sales 1938 Stock Saks March Mar. 7 Mar. 7 64 Mar. 64 Mar. 37 Jan. 7 6 1 36% Jan. 8% Mar. Jan. 17 30 33 Jan. 7 8% Mar. 29 30 Mar. 18 Mar. Mar. 29 60 Alar. 72 RANGE OF PRICES ON BOSTON STOCK EXCHANGE Stock Sales 1938 March Shares. Jan. 1 to March 31___ AQQREQATE SALES March % , BONDS 27,000 23,750 5,800 Mar. 1 1938 Bid Ask 62 k 55 60 49 Sale 49 Mar. 31 19 J 80 60 70 70 83 50 58 58 80 55 Mar. 28 60k Mar. 25 55 Mar. 31 Mar. 28 63k Jan. 72 k 9 Mar. 25 70 Mar. 25 60 Mar. 25 75 70 10 60 Mar. 25 40c 75c 32c Mar. 80c Mar. 32c Mar. 80c Feb. 1948 STOCKS 394 476 23,306 181 57,207 Amer Pneumatic Service non-cum ♦ preferred __ 80c 55c 50 lk 50 Amer Telep 8e Tel eg 12 H 143 % 100 81 Assoc Gas & El Co class A„_I 1G Bigelow-Sanford Carp com. * 206 Blgelow-San Carpet pref.lOO 1,210 2.481 1.482 3,082 Boston Ac Albanv ..100 7,943 Boston Edison Co IIlOO 3,997 Boston Elevated.._. 100 2,608 Boston Herald Traveler Corp* 135 Boston Be Maine pref stpd.lOt Common 392 IOC Preferred 5 100 Prior pref "1100 Class A 1st pref stamped 100 1st preferred class A 100 Class B 1st pref stamped 100 Class C 1st pref stamped 100 1st pref class C 100 585 606 >368 20 240 11 Sale 66 ""350 1,678 Boston Personal Prop 2X 3k IX 10 X 3X 25 25 & Fue' Assn » com Cum Prior pref... 100 6% Cum preferred ino 7 4% 35c 2X Sale Sale 70c Sale 3 49 X 26 X 100 90c 554 10« 20 135 j^o 6 100 50 27 X 2 pr*,e"*d B 848 Adjustment 4,055 EaaternSS Lines, Preferred 80 30 142 302 1,515 4,113 70 415 903 844 ImI:.:. 695 115 • , Stores""* S2Sr&Ssrs£rTo: 3E2& c?.™p,d2! 1,200 3,133 Gillette Safety Razor Co.." 170 Hathaway Bakeries cl A * Preferred 40 * Mi m ™ * ** *"m *■ m ** 790 1,850 1,528 5.323 1,412 30 50 co 15 " 98 ' ISn?8 oncoVreVfs::::::! I Button Hole Mach Co. 10 nt !!!l ^°Jr«Lc°w h°^w jo • Theatres 28 783 Maine Central 235 Preferred 5% 370 95 ]0o v t o...* 2,500 2,718 36,740 Narragansett Rac'g Assn I~ncl 860 Nat Service Co ""650 com 1,890 National Tunnel shs t c 1 & Mines..* 200 N E Gas Be El Assn pref 100 \£W Tal Be Pel...200 146 Ne* Wver Co com 100 Preferred 63 inn 1,153 6,930 2,336 30,650 240 841 60 131 Y.w 5 * Hertford"IIII100 ?Utt* 2.50 CId m omn Colony........ r«i^e^tlfifateS ioo 5Q "*25 321 Reece Button Hole MachlllO 451 Folding Mach Co 10 102 301 6,914 Shawmut Assn T C 9,303 Stone A Webster Inc cao'stk 1,935 3,584 100 270 Suburban Elec Secur com..* 2d preferred 35 1,899 6,105 Torrlngton Co (New) ""I r 230 Union Copper Ld Be Mln Co 25 1,165 Union Twist Drill 5 12,993 United Shoe Mach Corp. 52 1,088 Preferred... ""25 24,543 Utah Metal Be Tunnel."""!.l " 550 386 11,703 27 945 1,381 50 Venezuela Holding Corp... 1 154 Vermont A Mass Ry Co...100 2,741 Waldorf System Inc...... * 3,130 Warren Bros 79 No par value. 161 * P) Be Co Ex-dividend 1 com * 70 2k 8X Sale 6 Sale 35c 2X 49 X 27 H 80c 75c 3X Sale 28 H IX 22 18 6 8 2 5 3X 3% 13 18* 14H 19 2 IX 5X 10 X "IX 6X Sale 4 20 28c 45c 45c 18 50c 22 29 35c 40c "19" "22" 5 J5* 22 2 IX 25c 24 Sale 12 He 25t IX "99H Sale" 2% Sale Sale 2X 10 Sale IX 51 Sale 35c 20 IX 20c 12c 2X 3% 1 2 Mar. 1 1 Mar. 10 IX 2X Mar. 2 k Mar. 3X Mar. 10 2X Mar. 14 3 4X Mar. 3 '45" 1 10 70 3 5X Sale 4X Sale 31c Mar. 16 109k Mar. 48 k Jan. 13 k Mar. 2 7 2 2 65c 9 Mar. 11 Mar. 7 9 Mar. 66 Mar. 4 60 lk Mar. IX Mar. 10 5% Mar. 30 4X Mar. 31 31c Mar. 8 Sale 2X Mar. 18 42X Mar. 30 Sale 20 80c Sale 80c 12 14 H Sale 14X Mar. 28 5X Mar. 31 5X 1 2X 17 X 13 16 23 X 1 5 2H 3 2X 20 Sale Sale IX Sale 2 Mar. 30 Mar. 19 Mar. 14 2X Mar. 28 20 Mar. 15 13 16 Mar. 7 Mar. 31 25X Mar. 29 IX Mar. 28 5 9 Mar. 6 Mar. 1 31c Mar. 8 3 3 Mar. Feb. Mar. Feb. 75 8 Mar. 2 Mar. 12 Mar. 2 2 k Mar. 18 42k Mar. 30 80c Mar. 30 Mar. 19 Mar. 3 X Jan. 24 14 k Mar. 28 6 Mar. 2 Mar. 14 5k Mar. 31 lk Jan. 28 2k Jan. 4 20 Jan. 7 22 8 3% Mar. 3 Mar. 15 Mar. 7 20 13 19 X Mar. 28 X Mar. Mar. Mar. 31 2 7 8 Mar. 23 12 Feb. 18 15k Jan. 4 25 k Mar. 29 lk Feb. 5 10 Mar. 31 40c 50c 28c Mar. 31 Mar. 8 35c Mar. 25 Mar. 8 7k Mar. 31 lk Feb. 7 19 Mar. 31 27c Jan. 7 Sale 25c Mar. 16 40c Mar. 14 25c Mar. 16 19 Jan. Jan. 7H Sale 19 17 Sale 7X Mar. 31 19 lox Mar. 20 1 22 92 Sale 5 Sale 6c 19 4k 2 4X X 3 19 2 Sale 4X 5 40c 15 X Sale 4 20 10X 8X 75c 90c 26 25c 35c 20 Mar. 10 18X Mar. 30 3X Mar. 26 7 18 Mar. 11 Mar. 11 IX Mar. 20c 4 Mar. 10 21X Mar. 4X Mar. 2 IX 2X Mar. 1 Mar. Mar. 31 Mar. 18 94 Mar. 31 65 2 81 12 Sale 10 65 40c Sale 37c Mar. 25 2 3 3 Mar. 29 42c "80c" 40c Sale IX Mar. 30 2X Mar. 17 18* 1SH 22 21 Sale Sale Mar. 2 9 k Mar. 30 14X Mar. 30 2 18 Mar. 30 Mar. 11 "2" IX Mar. 22 Sale 9 Sale 5% Mar. 29 50c Mar. 31 75c Mar. 23 18 Mar. 15c Mar. 26 10 59c 25c Sale 30c 81 65 Mar. 9 k Mar. 2X 10X 9X 75c Mar. 18 Mar. Mar. Mar. 9 Mar. Mar. lk Mar. Mar. 23 25X Mar. 15c Sale 55c Mar. 30 92c 96 8 101 96 Mar. 97k Mar. 8X Mar. 3X Mar. Mar. 29 2 Mar. 26 Mar. 2 65c 1754 Mar. 22 8 2 Mar. 10 1X Sale Jan. Jan. 5k Mar. 75c Feb. 40 3l Sale 22 x 30c 2 90c 55c "M 5 Mar. 20 69k Mar. 40X Mar. Sale 2 k Mar. 14 k Mar. 50 3X Mar. Mar. Mar. 39X Mar. 10 23 3 Mar. Sale 95 37c Mar. Sale Sale lk Mar. 13 X 22 k 3k 19 18 50 8X 8 Feb. Mar. Jan. Jan. 44c 40X 55c 1 4% Mar. 21 2X Mar. 11 Jan. lk Jan. 3 3 Jan. 18k Mar. 3k Jan. Mar. 18 Mar. 31 2 5X Mar. 30 IX Mar. 31 22X Mar. 25 25 5 7 1 Mar. 16 Feb. 18 Mar. Mar. 15c 17k Mar. 50 Mar. 38k Jan. 55c Mar. 1 Feb. 96 5s/. I7/ 20 26 19 6 Mar. 28 Mar. 29 lk Mar. 10c 19 2% Mar. ~5l" "18" 12 1 Mar. Mar. Sale 40 X lk 1 5 10c lk Mar. 30 17 Sale 51 25X lk Mar. 22 20c 83 X 2k Sale Sale 35 20 Sale "65" 2X 55c 20c 1 13k Jan. 15c '¥ 10 70 5H IX Mar. 16 Feb. Mar. Mar. Jan. Jan. 6 lk Feb. 5k Mar. 30 4k Mar. 31 20 Feb. 3 Jan. 31 5 3k Feb. 25 12k Jan. 11 # 28 6 13 5 Jan. 28 Feb. 25 Jan. 5 Feb. 26 4 2k Feb. 4k Jan. 11 3k Jan. 18 Feb. Feb. Mar. 15 Jan. Jan. 4 Ik Feb. 31c Jan. 12 Mar. 2k Mar. 2 Feb. 56 Feb. 5k Mar. Ik Mar. 1 7 Mar. 18 20k 2k 3k 2k Mar. 2 k Mar. 61 43 X 20 X 15c Sale Sale Sale 23 2H 2 40c 21X Sale 4X Sale 19k 68 X 20 2X Mar. 15 Mar. 29 40 7X 3X Mar. 18 10X Mar. 3X Mar. 5X Mar. lX Mar. 12 Sale Sale 1 9 3 Jan. 16 108k Jan. 14 124 Feb. 24 2k Sale Mar. 28 Sale 107 6 5 71X 100 2 4H 38 X 90c IX Mar. 15 19H Mar. 8 23 Sale 2X 52 7 18 22 23 X Mar. IX Mar. 29 "15" 30c 1 13 X Mar. 2 Mar. I X Sale 16 3 35c 14 5 35 4 49 7 60 10 26 X 25c 19 122X Mar. 109X Mar. 17* Sale 22 10 91c Mar. 15* IX "l3H "18" 2X 9X 60 21 94 25c IX l8* 2 Sale "ilk 1 15 16X 20 X Mar. 2 11X 15X 14 93 3 27 H dcA Mar. IX 45 *§o 28 . 1,920 Pacific Mills 9.918 Pennsylvania RR 4,296 Ouincy Mining Co.. 5,071 1,001 - deP°sltII... ot 600 Old Dominion Co. 350 <900 7,311 4k 20 lk 60 21^ Feb. Feb. 2 24 IX X Mar. 85 Sale Sale 20 * 10,423 30 25 3X 3 2X ^100 1,437 Mass Utll Associates 512 1 25 Sale 110 k Mar. Mar. 18 1 Sale 3 IX Mar. 86 Sale ~~4k 10 35 150 30 I* 65 130 1,605 Jan. lk Mar. 14k Mar. 149 k Jan. IX Mar. 11 Mar. 2X Mar. lis IX 4H 2k 870 East Mass St Ry Co 3,233 Sale 3 3X 3X 110k Mar. X Mar. 2 Mar. 9 Mar. 3 Mar. 1 Mar. 18 Sale Sale IX Sale IX 14X 137X X Mar. 85 Sale Sale IX Mar. 11 21 50 X 19H Sale 2 3H 12 """" 12 111k Sale 50 3 240 • Sale Sale 80 Preferred 49 Sale 92 X 10 1,922 1,488 1,300 748 616 Mar. 10 24X Sale Sale n* IX Sale 11 86 70 250 Bast Boston Co 1,023 9,224 136k Sale * Tr! 4,715 Calumet Be Hecla 9,315 Copper Range Co 150 200 960 14* 170 Boston & Providence.....100 420 Brown 8c. Durrel Co common 71 270 1,747 3,157 94 Sale Sale 23 85 Class D 1st pref stamped 100 1st pref class D 100 278 75 75c 2 19 x _ 88 3.917 2,030 60 Par First preferred 550 Highest Sale Prices 60 6% 515 Lowest Sale Prices 78 775 150 Highest Sale Prices 1948 1,642 "1,147 Ask \ Lowest Sale Prices Mar. 31 Ask Bid Bid | 194? net A 565 15 • Series D 4s 817 911 1 Series B 5a EMt Mat* StRR Shares Shorn* RANGE SINCE JAN. PRICES IN MARCH Price Jan. 3 $ 19,000 9,500 5,200 $95,700 239,350 $33,700 56,550 -----— Jan. 1 to March 31___ BOSTON STOCK EXCHANGE Since Jan. 1 In March 803,654 2,318,035 1937 1938 Bond Sales 1937 614,790 1,259,988 15 10k Jan. 11 7k Jan. 11 Feb. 24 70c 3 Jan. 3 51k Jan. 7 30k Jan. 21 lk Feb. 14 23 Feb. 3 6k Jan. 2 Jan. 3k Jan. 30 Jan. 13 Jan. 19k Mar. 30 Jan, lk Feb. 7k Jan. 11 Feb. 2 Jan. 24 13 13 22 16 16 2 13 23 14 28 10 7 Feb. Jan. 31 k Jan. 14 19 Jan. 26 lk Jan. 28 35c 18 Feb. 23 9 Jan. Jan. 27 15 2 k Jan. 12 22 26c 24 Jan. 11 k Jan. 10 5k Feb. 11 15c Feb. 5 18 Feb. 23 Jan. 0 Mar. 18 Feb. 21 2k Jan. 23 102 10 68 2 k Jan. 79c Jan. 12 10 5 Jan. 5 3k Jan. 27 44c Mar. 5 16k Jan. 24k Jan. 4k Jan. 20 Jan. 2 k Feb. 10k Mar. Ilk Jan. 91c Jan. 40k Jan. 27 Jan. 11 17 10 7 17 1 12 18 5 17 25c Feb. 18 20k Feb. 5 77k Jan. 12 41k Jan. 31 1 k Jan. 1 k Feb. 10 3 7 8k Jan. 6 4 k Jan. 13 25 k Feb. 23 103 Jan. RANGE OF PRICES ON PITTSBURGH STOCK EXCHANGE March Jan. 1 to March 31 AGGREGATE SALES — 1937 163,054 357,301 Shares- 247,046 960,742 March Jan. 1 BONDS 1,501 140 472 1,178 3.411 370 16,602 1,160 3,947 52 ""102 876 2,607 380 590 4,320 145 95 911 5,705 4.708 290 70 5,000 ""720 505 5 955 265 565 3,250 9,218 Preferred 3,610 965 486 * Irtaoiai Net Gea * Co ......... 252 CrandallMcKStHend.. 1,533 Devonian OH 4,364 Duqueane Brewing 211 17 % 11% Sale Sale 4X Sale 32% Sale Sale 13X Sale 1% Sale 3% 4 8% Sale IX Sale 4% Sale 12 • .....5 7 19 12% * 100 ..1 Uarb-Walker Refrar com.. 9,000 Phoenix Oil com... Preferred.. 1,000 1,887 Pittsburg Brewing Preferred 1,284 10 8 70c 10 75c 107 21 Sale 11 9X Sale 9 75c 10 Sale Sale Sale Sale 2 5c 10c Sale 40 Mar. Mar. 10 Ill . 4 1% 86 % 7% Sale Sale Ti" 1% ....1 2c 4 5 Mar. 7 60c Mar. 25 Mar. Mar. 5 Mar. 30 Mar. 30 7 5 2 Mar. 26 Mar. 26 2 17 9 X 5 6 70c Sale Sale 8 7X Sale 50 IX Sale 5% 2% 90c 5% 2% 4 "I" 4c 6c 5c Mar. UNLISTED. 110 Lone Star Gas 6H% pref.100 1 2,149 PennrondCorpv tc 17 15 Feb. 30 Jan. 15 8 6 12 Mar. 24 Mar. 31 9% Mar. 3i 7% Mar. 21 5 70c Mar. 26 Mar. 30 7 Mar. 24 19% Mar. 12% Mar. 9% Mar. 8 1 2 8 Mar. 8 80c Mar. 8 0% Sale Sale Mar. 17% Mar. 26 57% Mar. 98 X Mar. 0% Mar. Mar. 30 63 102 8 Mar. Mar. Mar. 3 25 24 7 17 30 i Jan. 29 Jan. 30 31 Mar. 5 Jan. 17 Mar. 25 3% Jan. 5 Jan. Mar. 7 Jan. 7 Jan. 4 27 Jan. 29 Jan. Feb. 15 29 1 Jan. 18 Jan. Mar. 31 9% Mar. 31 7% Mar. 21 5 Mar. 26 Mar. Jan. 15 Jan. 15% Mar. 30 11% Jan. 22 70c 8 Mar. 30 Feb. 24 Feb. Feb. 2 13 28 24 Jan. 7 9 25 11 Feb. 3 57% Mar. 22 98% Mar. 31 6% Mar. 31 Jan. 3 24 Mar. 24 Feb. 27% 4% 1% 1% Mar. 30 Mar. 30 Mar. 28 Jan. 17 Jan. 12 Jan. Jan. 18 Jan. Jan. 8 Jan. 12 Jan. 14 9 8 10 9 2 1 Jan. Jan. 15 Jan. 17 18 4c Sale Sale Sale Sale 24 6c 27% Mar. 4% Mar. IX Mar. IX Mar. IX 40% 5X 2X 1% Mar. Mar. Mar. Mar. Mar. 25 25 Mar. 12 Mar. 3 25 5c 27% 4% IX IX 23% 1 Feb. 1 Jan. 12 2X Mar. 25 2 Mar. 31 Jan. 19% Mar. 30 5% Mar. 18 Feb. 3 24 1 Mar. 4c Mar. Mar. 2 Mar. 31 4c 8 2 4 4 9 10c 2X 19 Sale 21 Sale 2 IX 81X Sale 7% Sale 5X Sale 5 8X 10 19 X Sale Sale 1 IX 85c 2 2X IX —.. - lc 7 7% Sale 9 30% Sale 1% Sale 3c lc 3 2 19X Mar. 30 5% Mar. 18 4% Mar. 25 58% Mar. 30 5% Mar. 30 -25 Mar. 9 5% Mar. 18 6% Mar. 16 81% Mar. 1 Mar. 30 8 8 15% Mar. 30 20 1 Mar. 2 Mar. 31 Mar. 17 2 Mar. 17 2c Mar. 15 2c Mar. 15 3 Mar. 6 85c Mar. 2 Mar. 10 Mar. 2 3 60c 24 1X Mar. 26 Mar. 16 70 8 32: li 9X Sale 2 OX Mar. 25 5X 22 1 Sale IX 40 22 Mar. 31 1% Mar. 23 55c Sale 37 50c Sale 10 X Sale 02 X Sale Sale 15% Mar. 31 62% Mar. 31 65c 70 2 Mar. 16 7 39X 100 X 2c Sale 100 100 505 Vanadium Alloy Steel.—.—* ...1 7,430 Victor Brewing Co.. 12,879 Westinghouse Air Brake....* 2,804 Westghouse El ft Mfg 00 7 17 30 25 98 ^ IX 40 X 2X ... 575 Mar. Mar. 2% 4% 24% 10% 6% 4c 4% 1% 58% 5% Mar. 25 7 Jan. Mar. 30 Mar. 30 Mar. Mar. 18 Jan. 12 Jan. 3 Jan. 12 Jan. 10 Mar. 30 Jan. 10 15% Mar. 30 I Jan. Mar. 31 Jan. 6 Jan. 13 10 6 85c 2 Jan. 14 14% Jan. lc .....1 1 6% preferred Bx-dlvidend. Mar. 17 24% Mar. 29 10 X Mar. 30 OX Mar. 31 Jan. Feb. Mar. Mar. Mar, Mar. Mar. 11% Mar. 31 *105 4 5 22% -• 100 1,000 6% Preferred .....10 685 Standard Steel Spring * 2,861 United Engine & Pdy .5 25 1,675 United States Glass x Mar. 23 60c 101 8X 100 8 24 940 Reymer & Bros common * 200 Ruud Mfg ...........5 8bamrock Oil ft Gas. Mar. 28 2% Mar. 30 4% Mar. 30 15X Mar. 30 * 1,930 Pittsburgh Steel Foundry..* 901 Plymouth Oil Co.. .5 Mining Mar. 28 11% 35 .1 2,540 Pittsburgh Plate Glass....25 7,628 Pitta Screw ft Bolt Corp.... • San Toy Mar. 16 11% Mar. 31 4% 5% Sale 4 • 25c . 19X 12 X 9% 5 Pittsburgh Coal Co com.. 100 1,085 'Mttsfturfth Korttings.. .....1 Renner Co 10% Sale OX Sale Sale 70c 7 7 19% Sale 310 Penn Federal Corp common.* 80 4H% Preferred—.....50 No par value Mar. 10 Mar. 10 107 20% Jan. — 10,957 100 Highest Sale Prices 2 133 Jones & Laughlin St'l pref 100 2,601 Koppers Gas ft Coke pref.iou ...* 15,890 Lone Star Gas 3,350 McKJnney Manufacturing..* 6 2,439 viesta Machine 10 15,004 Mountain Fuel Supply 10,422 Nat Fireproofing Corp com.5 10 725 Lowest Sale Prices 105 112 108 75 Horne (Jos) common 100 76 Jeannette Glass preferred 100 6,546 * Highest Sale Prices 10 — ......10 1,152 Pollansbee Bros pref 6,775 Port Pitt Brewing 5,100 3,250 7,687 1,557 Lowest 107 ♦ 380 Electric Products... 3~000 1.442 Ask 107 —10 PreferredArmstrong Cork Co Blaw-Knox 375 Consol Ice Co Preferred 166 Copperweld Steel 5,400 ""345 1 Sale Prices Mat. 31 Ask Bid Bid * Corp 918 Byere (AM) * 31,622 Carnegie Metals..-.——....1 3,005 Clark (D L) Candy • • 8,204 Columbia Gas A F.lectHc 2,350 650 " Ask 100 - 111 Pittsburgh OH & Gab.....—5 "1J87 JAN. STOCKS 60 10 1,124 7,341 2,150 1949 4,303 Allegheny Steel 10 Mar. 1 1938 Bid S 10,000 Pittsburgh Brewing 6s Qharet Share* RANGE SINCE Price Since 3,000 Jan. 1 to March 31--- Jar.. 3 In % $4,OOo 6,O0q $3,000 r 10,000 March PRICES IN MARCH PITTSBURGH STOCK EXCHANGE 1937 1938 Bond Sales 1938 Stock Sales 65c Sale Mar. 16 Mar. 26 8 20 Jan. Jan. 14 Feb. 20 24 Jan. 12 lc 1% Mar. 26 70 Mar. 16 7 Jan. 3 6% Mar. 25 Mar. 16 J an. 3 Jan. 24 Jan. 12 Jan. Mar. 7 32% Mar. 1% Mar. 4 5 22 Mar. 16 Mar. 1 37 Mar. 16 Jan. 50c Mar. 26 Feb. 14 7 15 15% Mar. 31 62% Mar. 31 Jan. 12 Jan. 10 Jan. Jan. 10 10 37 65c 25% Mar. 96% Mar. 2 2 Mar. 31 1% Jan. 18 -I 112 2% 110% Sale Sale 110% Mar. 19 110% Mar. 30 1% Mar. 29 2% Mar. 7 110% Mar. 19 112 1% Mar. 29 3 Detroit Stock Exchange MONTHLY AND YEARLY RECORD I RANGE OF PRICES ON DETROIT STOCK EXCHANGE •r,:' 1938 Shares_ AGQREQATE 1937 | 308,643 Stock Sales March 697,056 I STOCK EXCHANGE March Shares Shares 1,575 6,242 7,847 1,260 6,730 2,207 5,975 RANGE SINCE JAN. 1 Price Jan. 3 STOCKS Allen Elec 8c Equipment 1 Ask Bid % Sale % Sale Auto City Brewing common. * Baldwin Rubber common... 1 Bower Roller Bearing. 5 Brlgga Mfg Co common Burroughs Adding Mach.. BK * IK 51c 22 Mar. 31 - Sale Sale Sale % Jan. 3 K Jan. 5 4K Mar. 31 12 K Mar. 31 13K Mar. 31 1K Sale IX Mar. 3 53c 8 18 22 K Mar. Mar. Mar. 2 2 8 Mar. 18K Mar. 2K Mar. 8 3 1 11 Mar. 5 11 6K Mar. 25 1 14K Mar. 17 36 Mar. 31 13K 87c IK 3K Mar. Mar. Mar. Mar. 13 Mar. 28 Mar. 31 Mar. 31 Mar. 31 Mar. 31 Mar. 26 2M Highest Sale Prices Mar. 31 Sale Sale 4K 12 K 13 K 95c 16 IK Lowest Sale Pric*s Mar. 40c IK 53c 18 20 Highest Sale Prices Prices Ask Ask Bid 7K Sale 7 * Burry Biscuit Corp ....12^c 100 Casco Products Corp.. Bid Lowest Mar. 31 Mar. 1 1938 Par 7,115 20,367 24,583 1,850 13,457 6,058 17,239 100 1937 1,925,284 956,469 Shares_ — . PRICES IN MARCH DETROIT SALES Since Jan. 1 In 1938 Stock Sales Jao. 1 to March 31 "2K Sale" 10K 5 16 Mar. 26 IK Mar. 31 Mar. 5 IX Jan. K Jan. 19 15 9K Jan. 21X Jan. 10 26 Jan. 15 20 Jan. 11 13 . 3 11 Jan. 15 Mar.15 Chamberlin Metal Weather 100 9,352 2,168 100 Strip Go common ......5 30,693 Chrysler Corp common.....5 5,174 Consolidated Paper com...JO 250 800 602 688 250 300 252 160 200 2,425 1,575 1,850 2,550 4,310 623 100 300 340 1,525 2,533 1,134 Delsel Wemmer Glib com Detroit 6,672 430 14,566 8,187 8,315 350 3X IX Paper Products..... 300 Eaton Mfg Co > "ix "Ik J* ill Sale 2K IK 93 X Sale Sale 3 12 17 IK 2K 3K 13 K IK Sale 2 2K Sale 14 K 9,870 Prankenmuth Brewing com. 1 3,435 Fruehauf Trailer Cor com... 1 26,982 Gar Wood Industries com 430 Gemmer Mfg Co class A 3 * Class B 3 9K ----- Sale 8 2K ----- General Finance Corp com.l com ..Id Goebel Brewing Co com 1 Graham-Paige Motor com_.l Sale 13 K Mar. 31 87c Mar. 31 IK 5K 87c 2K 11X Mar. 23 IK Mar. 26 Sale 77 IK IK IK 2 IK Sale 10K 12K 12 12 X 9X 2K 5*A Sale 10 4 2K Mar. 30 IK Mar.29 Mar. 26 2 IK 12K 15K 15X 2K Mar. Mar. Mar. Mar. Mar. 31 23 26 18 6 Sale 6 2K Sale 2K Mar. 31 9 4 Mar. 28 12K Mar. IK Mar. Mar. 1K Mar. 2K Mar. 3 K Mar. 14K Mar. 15K Mar. 15K Mar. 93 K 3 29 Mar. 29 Mar. 31 9 8 IK Mar. 3K Mar. 13 Mar. 28 Sale IK 78 Mar. 30 1 IK Mar. 21 3K Mar. 23 13 6K Mar. 25 53 K Mar. Mar. 30 8 Sale 26* 34M IK 1 9 5K Sale 5K Mar. 31 4K 24 K Sale 30 4K Mar. 29 6K Mar. 5X 3K 3 IX 4 Sale Sale Sale 34K 10 29 X 26K 15 3K 34K 3K AA 60c Grand Valley Brew common. 1 3K 35K Sale nVA 75c 13K Sale Sale Sale ..... 2K 25 K 2K 80c Sale 50c 70c 2 2K 8K Sale 1 . 30 Mar. 21 *~2K Mar. 31 25K Mar. 31 2K Mar. 31 30 Jan. Jan. 12 2 11 13 Mar. Mar. Mar. Mar. Mar. 16 Jan. 11 10 15K Mar. 26 15 K Mar. 18 Jab. 15 Mar. Mar. 13 X J&n. 10 X Jan. 12 2K Mar. 4K Jan. 4K Jan. 12 4K Jan. IK Jan. 10K Jan. 12 9 6 5 Mar. 4K Mar. 29 7K Jan. 30 35 K Mar. 15 3K Mar. 2 IK Mar. 2 60c Mar. 30 2 K Mar. 12 30 Feb. 25 Mar. 31 12 K Feb. Mar. 31 Mar. 31 38 75c "~3K~Mar.~~2 Mar. 21 12X 2X 25K 2K Mar. 21 Mar. 26 IK Mar. 9 4K Jan. 17 15K Jan. 27 3K Jan. 3K Jan. IK 12 X 15K 15 K 2K 2 2 Mar. 30 12K Mar. 18 IK Jan.f 8 5K Mar. Mar. 30 Mar. 30 1 L08 Jan. 1 75c 50c 17 15K Feb. > 2 IK Mar. IK Mar. 8K Mar. IK 23 6K Mar. 25 62 K Jan. 2 Mar. 26 IK 31 21 IK Mar. 77 Mar. 12K Mar, 4 9K Mar. 3 2K Mar. 29 8 IX IX 31 11X Mar. 18 10 1 3 4 1 2 26 18 4X .* General Motors 36 .... * com Mar. 31 Sale Sale 16 4 common ..* 1,040 Eureka Vacuum Cleaner 4,430 Ex-Cell-O Corporation 3 5,313 Federal Mogul common.....* 2,889 Pederal Motor Truck com...* 6,635 44,782 32,142 40,158 2,420 3% K 2X Detroit Sale 14K 12 IX 93 Gray Iron Fdy.....l 100 "l"6l6 "l~X Sale' Detroit Mich Stove common. 1 200 Federal Screw Works I,995 .100 Detroit Edison com 14 10 Detroit & Clevel Nav com.. 10 Detroit Steel Corp com.....5 * 100 Detroit Steel Products " 6~250 1 com Crowley, Mllner 8c Co com..* Cunningham Drug Sts._2.50 200 8,430 3,421 10,465 19,134 17,020 1,803 53 X Sale 36 13 X 87c Sale 14 -.1 Consumers Steel Prod.. Continental Motors 6K Mar. 25 6K 48 K Mar. 30 X Jan. 5 Mar. 4K Jan. Jan. 3K Jan. IK Jan. 70c Feb. 12 10 13 ,, It 21 25 JJ 15 11 10 16 1,625 ' " 3,845 Rail Lamp com.... ........* Home Dairy class A .....* 11658 "3",512 Hoover Steel Ball com.....10 576 2,051 Hoskins Mfg Co common.2.50 100 100 Houdaille-Hershey class A..* Class B .._* 5,585 1,965 6,977 6,550 II,138 2.812 3,078 900 173 5,555 300 6.690 1,000 385 1,588 500 2,660 I,510 10,927 25,474 17,794 32,729 9,687 11,032 2,300 400 12,738 6,888 554 1,484 10,160 4,827 1,366 3,265 3,410 4.691 ..* Hurd Lock & Mfg Co com 1 Kingston Products Corp....! Kinsel Drug Co com 1 Kretge (8 8) Co com ....10 Lakey Fdy 8c Mach common. 1 314 Mahon (R C) class A pref » 1 16,665 Masco Screw Products 1,050 McAleer Mfg Co com....... 1 27,551 McClanahan Oil Co com 9,450 McClanahan Refineries. ....1 1,375 3,138 1,890 7,365 6,365 42,383 Mich Steel Tube Prod....2.50 Michi- an Sugar com.... Mlcromatic Hone Corp Mid-West Abrasive com 1 50c .10 28,028 Murray Coro common 530 Muskegon Piston Rg com 2.50 32,533 16,940 1,064 5,692 27,843 8,397 5,410 Packard Motor Co com.....• Parke Davis 8c Co.. ..... 45 965 190 % ,X 15 ... 2X — 18 IX 3K 6 k8a> 3H 2X 1X 1X 7H - J 3X Sale Sale 9X 5 5X 9X 7 58c 2K 57c 17 K 2 —— ----- 9 Sale 2K Sale Sale 3 19K 97c 37c 97c 6K 65c 16 vA 1 Sale IK 6~~ Sale Sale 5K 37c 42c IK 50c 15 Sale —— IK 17 81c 19K 25c 55c 75c 8 55c 5 74c Sale Sale 90c Sale 40c ----- 41c 4K 5 4K Sale IK IK IK Sale Sale 3K 2K 1 80c 5 3K IK Sale JX JX 6K Sale 30 32 37 Sale 18 2 Sale 4K IK 2 2 3K 3X 3K Sale 10 2~X Sale 12 11 10 ..... 109 ...... IK 4K IK 2K 3 3K 3K 3K Sale IK 2K 2K Sale Sale Sale 28 3K Sale 18 20 Sale 12 24 Sale Sale 2K Sale 7 Sale IK 2 94 16 3K 31K 6K Sale Sale IK 25 23 2 12 K 109 3K Sale 5K 7K 3K Sale 4K Sale 5K 6 4K 4K -51" 6 "6 K "Mar ."30 16K Mar. 18 7 15 Feb. 17 22 K Mar. 7 6 Mar. 30 22 K Mar. 10 Mar. Mar. 30 7K Mar. 5K Mar. 30 50c 29 31 30 31 Mar. 6 40c Mar. 8 3,150 Universal Cooler class A....* Class B * 18,908 4K Sale 2K 2K For footnotes see page 61. Y Mar. 31 18K Jan. 3K Jan. 19K IK IK X IK 7K K Mar. Mar. 7 1 81c 60c 25c Mar. 8 69c Mar. 23 Mar. 23 6 66c Mar. 2 4K Mar. 11 4K Mar. 1 IK Mar. 5 IK Mar. 1 Mar. 29 Mar. 31 Mar. 31 6 ^ 40c Mar. 19 Mar. 31 Mar. 26 Mar. 31 Mar. 28 Feb. 4 Mar. 29 2 75c Mar. 1 Mar. 30 Mar. 7 3K Mar. 31 4K Mar. 37 X Mar. 18K Mar. Sale 94 2K Mar. 7K Mar. IK Mar. IK Mar. 31 2K Mar 31 2 Mar. 30 2K Mar. 3K Mar. 3K Mar. . Mar. 29 26 2 Mar. 28 17K Mar. 30 20 91 94 Mar. 28 109 3 3K 2K 2K Sale 4 Sale 103 3 4 4 3 1 Mar. 16 3K Mar. Mar. Mar. 5 Jan. IK Jan. 18 X Jan. 13 K Jan. 7K Jan. 11 6 25 13 17 Mar. 30 10 Mar. 31 Mar. 30 Mar. 30 Mar. 28 Mar. 25 Mar. 31 5K Jan. 11 37 X Feb. 25 20X Jan. 11 12 Jan. 20 Mar. 10 4 2 Mar. 30 Jan. 5 Mar. 28 Jan. 28 3K Jan. 11 7K Mar. 3 2K Jan. 15 IK Mar. 31 2K Mar. 31 22 Feb. 21 2K Jan. 11 Jan. 12 4K Jan. 10 27 Feb. 8 4 22 Jan. 10 14 13 94 Mar. 8K Mar. 30 1 14 Jan. 2 8 17K Mar. 30 1 90 12 K Mar. Mar. 25 105K Mar. Mar. 30 4K Mar. Mar. 30 5K Mar. 2K Mar. 18 8 3K 31X 14K 7K IK 4K IK Mar. 10 17 Jan. 3 Jan. 11 Feb. 14 Jan. 2 4K Feb. 26 Mar. 26 Mar. 31 Mar. 31 12K Jan. 27 4K Mar. 29 31K Mar. 30 14K Mar. 30 7K Mar. 28 1M Mar. 25 4K Mar. 31 IK Mar. 10 6 10 1 11 16 Jan. Jan. Jan. 3K Mar. 29 2K Mar. 25 Mar. 15 25 13 7 13 13 15 10 10 12 12 17 97c Mar. 26 11 Jan. Mar. Jan. Jan. Jan. Jan. Jan. 17K Mar. 24 IK Mar. 2 3K Mar. 29 2K Mar. 25 75c 40c 90c 38c Mar. 31 1 5K Mar. 30 X Jan. 6 IK Mar. 29 __ 17 15K Mar. 30 IK Mar. 31 1 2K Mar. 14 Mar. 31 Mar. 28 69c 5 2 12X Jan. 22K 11K 9K K 3K K 17 K Mar. Mar. 26 25c 9 Mar. 60c 9 17 81c 60c 7 2K Mar. 64c Mar. 14 1K Mar. 40c Mar. 15K Mar. IK Mar. 8K Mar. 30 -§r- 4K 2 17 K 90 25 Sale 3K Jan. " 103 3 4 Jan. Jan. Jan. Mar. 25 107 Mar. 30 4K Mar. Mar. 30 1 12 20 6K Jan. 1 5 Jan. 11 m. mm mm mm m. mm mm mm .... IK 5 3K Feb. 34 2K Mar. 18 4K Mar. 3K Feb. "l 5K Jan. 17 mm 22__ 100 U S Radiator com......._..l 1,150 8,145 Mar. 26 9 Mar. 10 6K Mar. 30 16 K Mar. 18 22 K Mar. 7 8 4K Sale 2 4K Mar. 29 * Sale ----- Pfelffef Brewing Co com * Prudential Investing Corp.) 100 9K 6K ----- Peninsular Metal Products. 1 Preferred 8X 10K 17 K 11 Sale 31,179 Tlroll Brewing Co common.! 2,487 Union Investment Co com..* 4,830 United Shirt Distributors..* United Specialties com.... U S Graphite Co.........10 9 19 K 1K IX 9K 5.574 Tlmken Axle com.........10 880 % Sale 2% Sale 14 K 30 14,179 Sale 7 2.50 Parker Rust Proof com. 2,451 II,436 825 ~8~~ 'io'x 3K 16 20 Parker Wolverine Co com...* .6 7,951 Reo Motor com........ 8,190 Rlckel (H W) & Co common.2 9,316 River Raisin Paper com... 1,570 Scotten Dillon com ..10 42,799 Standard Tube Co class B...1 1,439 Stearns (Frederick) com * 448 5% cum part pref 100 845 QX 12 16K ..... * ....10 Preferred. Moore (Tom) Distillery Co 1 *520 Motor Products Corp com... * 350 Motor Wheel com........ 5 420 '"8",503 Hudson Motor Car 2K 2X 7X■ 10X 3K IK Sale 3 Mar. 30 1K Mar. 24 4K Mar. 2K Mar. 1 4 1 Mar. 30 IK Mar. 24 3 3K Jan. 12 •fH APRIL, 1938] AGGREGATE SALES March Since Jan. 1 Shares PRICES IN MARCH STOCKS Ask Preferred. Bid 20 2% Sale % Sale /%T"% 4 25 26c ..... 100 82% 12 Ask 18 Sale 3 Sale 1% 35c 5% 80% aV/4- 65c 5% 1% 25c Sale Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices 20 2 Mar. 18 65c Mar. 30 Mar. 25 95c Mar. 10 Mar. 14 30c 2 25c 2% Mar. Mar. 13 Jan. Feb. 1 2 3 65c 2 Mar. 25 2% Mar. 10 Mar. 2 5% Mar. 2 10 5 Jan. 2%faaU 28 4 5 5 9% Mar. 30 10% Mar. 24 127% Mar. 21 127% Mar. 21 304 Amer Tel Ac Tel Co 100 100 Borg Warner Corp com.....5 1,833 6,358 Commonw Ac Southern Corp * 200 Consolidated Oil Co 125 ♦ a Deferred ; Mar. 26 1 ; Mar. 5 33% Mar. 25 1% Mar. 1% Mar. 1 3 3 Mar. 26 35 Mar. 12 1 15 Mar. 5 33% Mar. 25 14 9% Sale 18 17% Sale Sale Mar. 25 15% Mar. 4 14 Mar. 25 Sale 7 Mar. 29 9% Mar, 7 Mar. 29 10% Sale 10 Mar. 29 18% Mar. 1 1 10 Mar. 29 11 Sale 10 * delivery sales. >. ■ J-•/;". p 1 9% Feb. 1% Sale * 2,061 Standard Brands Inc No par value. Sale • 6.680 Nash-Kelvlnator Corp... 5 10.868 N Y Central RR 100 1.744 Socony-Vacuum Corp.....25 4,977 647 742 1 1% Sale ..1 275 Kennecott Copper Corp. 125 Kroger Groc & Bak Co 1,816 9% Mar. 30 13% Jan. Jan. 127% Mar. 21 149 24% Jan. 5 24% Jan. * 10.096 Hupp Motor Car Corp 200 6 .j,1' 12 12 5 1 ■ """526 18 14 6 13 17% Jan. . 10 „ 1% Zu. 3% Jan. % Jan. 6% Jan. 17 13% Jan. 3 % Jan. Jan. 20 Mar. 30 , 80% 25% Unlisted Dept.— 2,420 American Radiator.........* 220 1 Sale Prices 25 2% Sale 94c 2% Young (L A) Spring 8c Wire. * Mar. 31 Ask Bid 20 17 , ... """547 Mar. 1 1938 Bid Class B.. 3,695 • 25,747 Warner Aircraft Corp com, 1 4.712 Wayne Screw Prod com ..4 9.100 W -Iveilne Brewing Co com.. 1 1,840 Wolverine Tube Co com 2 '640 RANGE SINCE JAN. Jan. 3 172 Walker 8c Co clasr 7,477 2,117 5,300 61 Price Shares "i:200 EXCHANGE DETROIT STOCK EXCHANGE In STOCK DETROIT Sale 10% Mar. 29 6% Mar. 30 7 6% Sale r Sold for cash. . . x vr.;.- 15 8 Mar. 4 Mar. 22 10% Mar. 29 6% Mar. 30 Jan. 2 14 9% 1 % 42% 15% Feb. 15 Jan. 10 Jan. 10 Mar. 4 12% 19% 16% 9% Jan. Jan. Jan. Jan. 10 10 11 12 Ex-dividend. ■ >-.v• , ... ^... . I'c-: Philadelphia Stock Excha nge MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE PHILADELPHIA STOCK EXCHANGE Slock Sales 1938 March Shares AGGREGATE In March * SALES "3",606 Shares BONDS 1938 STOCKS Shares 4,727 14,403 533 600 533 1,262 3,305 1,517 3,957 8,148 1,692 5,505 3,231 16,418 20 380 755 2,205 11,684 3,871 28,784 188 95 585 1,301 911 1,468 1,865 1,465 2,025 3,327 22,073 18,263 45,020 35,927 200 252 800 1,000 1,992 10,166 651 931 3,316 540 ~1,196 1,580 1,907 1,736 2,598 2,944 200 235 17,605 667 93,184 1,835 311 412 3,700 4,504 4,800 9,591 338 347 2,200 4,016 4,897 2,572 6,571 9,645 1,807 84,906 2,605 1,583 1,278 601 39,481 1,359 1,262 935 No par. x Jan. 1 to March 31 133,000 $80,000 199,400 PRICES IN MARCH Bid 103 1937 $70,500 RANGE SINCE JAN. Price 123,000 Elec Ac Peoples tr ctfs 4s .1 *>4* 2,000 Lehigh Valley 4s 1948 1,000 Pennsylvania 4%» ..1965 7,000 Peoples Pass tr ctfs 4s 1943 " 1938 1 Jan. 3 1,361 7,051 • PHILADELPHIA STOCK EXCHANGE Since Jan. 1 Bonds Sales March al, 191,226 2,154,299 738,024 $ 66,500 1,000 1937 279,632 Jan. 1 to March 31_____ Iioo Co ->10 dell Tell Co of Pa pref... .100 Budd (E G) Mfg Co ..... Chrysler 8 6 Ask Bid Ask 7 5% 5 18% 25 8 144 % 8% Sale 15 15% 115% 118 4 % Sale Sale Sale common.. 10% 17 11 17 "26% Sale IIIo 29% Sale Horn AcHardart (Phlla) com.* Horn 8c Hardart (N V» com..* 95 102 22% Lehigh Coal & Navigation..* 3% Lehigh Valley 50 5% 1 23% 4 Sale 25 1% 7% Sale Pennroad Corp v t e * 50 Pennsylvania RR Penna Salt Manufactur'g-50 com 2% Phlla Elec of Pa S5 pref.. * Phlla Elec Pow pref 25 Phlla Insulated Wire.... * 2% 21 Sale Sale 128 145 2% 3% 115% Sale 29% Sale 21 18% 2 7% preferred Philadelphia Traction. 3% Sale 7 5% 50 ... 50 Sale Reo Motor Car Co......... 7 Sale 9% Sale 136% Sale 111% Sale 15 Sale 16% 25 18 12% Sale 18% 118% Sale 114% Sale 5% Sale 3% Sale 4 53% 4% Sale 3 Sale 37% Sale "31% Sale" "21% Sale" 34% Sale 31 3 11% Mar. 10 .50 ....... ..... 9% Mar. Mar. 31 16% 12% Mar. 31 18% 114% Mar. 31 119% 3% Mar. 29 5% 5 71 Mar. 26 7 Jan. 4 Mar. 23 Feb. 25 Jan. 24 101 Jan. 20 Jan. 10% Mar. 3 6% Mar. 111% Mar. 15 Mar. Mar. Mar. Mar. 2% Mar. 28 72 36 Mar. 31 4% Mar. 30 21% Mar. 31 25% Mar. 31 Mar. 31 Mar. 23 Mar. 30 Mar. 30 » * 2 2% 3% Sale 28% Sale 10% Sale 105% 106% 10% 9 10% 24 13 Jan. 2% Mar. 36 rights. Jan. 18 Jan. 6 Mar. 18 Feb. 23 Jan. Jan. Feb. 21 17 2 5%. Jan. Mar. 63% 7% 31% 41% 4% Mar. 21% Mar. 25% Mar. 12 Jan. 15 Jan. 12 Mar. 7 Feb. 3 108% Mar. 12 100% Jan. 24% Mar. 10 4% Mar. 1 Mar. 1 6% Mar. 1 6 22 Sale Sale 29% 4 2% 2% 10% 2% Mar. 22% Mar. 144% Mar. 2% Mar. 116% Mar. 31 29% Mar. 11 108% Mar. 12 1 24% Mar. 10 4% Feb. 28 3 Mar. 30 6% Feb. 25 x y± % Jan. 5 .Jan. 1% Jan. 12 1% Jan. 3 8 1% Jan. 4% Mar. 29 8% Jan. 12 21 % Feb. 3% Mar. 30 Mar. 1% Mar. 29 Mar. 30 2 4% Mar. 30 Mar. 18 2 iiH 36 Sale 26% 28 Sale 14% Mar. 30 35% Mar. 31 26% Mar. 30 Mar. % I Sale8 1* 2 % Mar. 3 % Mar. 31 Sale 1% 3 Sale Sale iV 1% 14% 127% 2% Mar. Mar. Mar. Mar. 31 112 Feb. Mar. 24 2% 22% 9% 1 aV/s Sale 1% Mar. 17 1% Mar. 29 Sale Sale 100% Sale 8 Sale 8 11 22% 8% 99% 7% 8 Mar. Mar. Mar. Mar. 31 30 2 Mar, Jan. Jan. 31 Mar. 16 Feb. 11 Mar. Jan. 26 1 % Mar. 29 Mar. 30 10 20 2 15 8 Feb. Feb. 17 17 Jan. 12 3% Mar. 2 Mar. 4% Mar. 30 Jan. Jan. 12 7 2 Mar. 2 Mar. 18 Feb. 8 22% Mar. 40 30 Mar. Mar. 10% Jan. 14 35% Mar. 31 26% Mar. 30 % Mar. 1% Mar. 1 15 101% Mar. 9% Mar. 9 7 11 Mar. 2% Mar. 3% Mar. 3% Mar. 29% Mar. 10% Mar. 29 Mar. 30 31 29% Mar. 31 18 Sale Sale 9 4% Mar. 29 2% Mar. Sale ..... Includes 647.269 11% 149% 16% 18% 119% 6% 43% Mar. 12% Mar. 114% Mar. 3% Mar. 4% Mar. 54% Mar. 6% Mar. 31% Mar. 35% Mar. 112% Mar. 7 2 United Gas Impt com.... 6% Mar 5 31 15 1% Mar. 14% Mar. 127% Mar. Sale i*' Sale^ ..... Transit Invest Corp Preferred Sale Sale 5 40 Coal. 7 Mar. 23 21 2 Sale 4% 145 3% 28% a Sale 17i% 29 United Corp common.... Preferred Sale 2 2% 115X4 116 30% Sale 37% Sale Traction 25% 2% Sale 22% Sale 135 racony-Palmyra Bridge. Tonopah-Belmont Devel. Westmoreland Mar. " 6% Scott Paper..... Preferred........ 7 72 111% Mar. 30 137% Mar. Sale 102 105% 109% 102 24% 23% 23% 21 3% 3X 4% Sale 3% 6 Sale 3 3% Sale 13 Westmoreland. Inc Mar. 23 •22 Salt Dome OH Corp...... Union Mar. 26 1% Phlla Rapid Transit.......50 . 5 Sale * Nat'l Power 8c Light 1 25 Corp ... Tonopah Mining Sale Prices 10% Mar. ...* Penn Traffic Highest Sale Prices 42 3% 47% Electric Storage Battery. General Motors.... Preferred Lowest Sale Prices 101 '.lib Mitten Bank Sec Highest Sale Prices 72 * Corp Curtis Pub Co 6 Bid Lowest .100 Budd Wheel Co Ex-dividend. _. Preferred Ask Mar. 31 Par American Store*. American Tel Ac Tel Bankers Sec Corp pref_. ..50 Barber Mar. 1 Mar. % Mar. 31 1 1% 1 % 22% 8% 99% 7 7X Mar. 24 Jan. Mar. Mar. Mar. Mar. TV/To*. 6 13 Feb. 14 Jan. 24 Jan. 11 Feb. 15 Jan. 21 Mar. 16 Mar. 29 Mar. 19 15 Jan. Jan. Jan. Jan. 29 Jan. 21 30 Feb. 7 29 31 30 6 12 5 4 San Francisco Stock Exch. MONTHLY AND YEARLY RECORD FRANCISCO STOCK EXCHANGE RANGE OF PRICES ON THE SAN Shares_ Jan. 1 to March 31 AGGREGATE BONDS STOCKS 410 Bank of Calif Nat 90 465 6,033 755 840 Preferred 475 1,068 Claude Neon Elec Prod * * * 1 90 Crocker First Nat Bk SFcaplOo 44,192 CrownZellerb Corp com (new) Preferred (new) 5,005 5,174 D1 Giorgio Fruit Corp com. 10 Preferred j 100 1,490 2,810 Doernbecker Mfg Co. ...... * 1,939 El Dorado OU Works cap 7,149 Emporium Capwell cap Preferred 50 2,520 5,631 Emsco Derrick & Eq Co cap.5 1,137 2,165 660 2,350 180 Ewa Plantation 140 2% 934 4 12 46% 48 99% 100 46% 47% 0% 8 27% 32 101% 103 17% 18% 20 — 28 30 Sale 375 9% Sale 64% Sale ~ ' 4 434 23 24% 4 4% 4% 208 16 19 69 Sale 29% 1% Sale 2% 17 % Class A preferred Galland 484 25 Mercantile common 715 ... ..10 • 2,030 7,185 4,616 Gladding McBean Co 15,877 Golden State Ltd cap 1,415 2,255 4,712 3,458 5,005 16,209 510 * Hale Bros Stores. Inc. cap. Oil.... Co Fire of A Marine Calif (new) "l",775 1,925 Hunt Bros. Packing Preferred 1,895 1,820 10 cap new' * * 10 cap. 15 6,885 Langendorf United Bak cl A * Class B 3,232 2,336 Leslie Salt Co capital II,332 Le Tourneau Inc common.10 1,518 500 992 .... 5,210 102 378 Libby McNoill & Llbby ♦ 26,114 Lock Heed Alrcr Corp com..l 1,211 Lyons-Magnus lnc A 8,803 785 Sale 92 3 5 155 9 Sale 10334 Mar. 15 10334 Mar. 15 101 Jan. 10734 Feb. 5734 Feb. 7 102 Mar. 21 Mar. 12 17 108 17 57 34 Feb. 17 Sale 175 it* 21 5 93 Sale Sale 20 f 26* 4 6% % 38% 16% Sale 45% 43% 86 89 48 48% 30 % Sale Sale 10134 102% 100 36 37% 54% Sale 7% 30 105 16% 8% 6 6% 9 Mar. 5 9 Mar. 1334 Feb. 12 Mar. Mar. 9 12 Mar. 19 Jan. 14 2% Mar. 4% Mar. Mar. 7 4 Feb. 25 Mar. 3 234 Jan. 434 Mar. 934 Jan. 10 Mar. 9 171 Mar. 3% Mar. 1334 Mar. Mar. 10 17 11 Mar. 16 Mar. Mar. 3 17 Mar. 1 3% 534 % 3134 15% 46% Mar. 23 27% 3% Jan. 4 534 Mar.'10 1934 Jan. 14 21 Mar. 10 Mar. 1 1934 Mar. 334 Mar. 534 Mar. 34'Jan. 3134 Mar. 1534 Mar. 4634 Mar. 2 87 Mar. 7 30 Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. 10 Mar. 87 Mar. Mar. 30 Mar. Mar. Mar. 16 99% Mar. 3?3 3 Mar. 18 Mar. Mar. 1 6% Mar. Mar. o Jan. 31 2034 Jan. 434 Jan. 1234 Jan. % Jan. 3634 Jan. Mar. 6 10 11 12 26 24 Jan. 12 50 97 Jan. Jan. 11 27 5234 Jan. 20 Feb. 24 6234 Jan. 15 102 9934 Mar. 3734 Mar. 634 Mar. 29 834 Mar. 18 32 Jan. Mar. 23 Jan. 4 10634 Feb. 18 Jan. Jan. 19 5 5 27 Mar. 310 Mar. 23 Mar. 16 Mar. Mar. 30 103 2 190 Mar. 1§34 Mar. 12 26% 3% 171 334 Mar. 1334 Mar. 36 27% 32% 30 106% 101 10434 105 17% Mar. 29 4% 320 11 Sale 4% 375 306 Sale 71% Sale 4% 4% 26% Sale 4% Sale 18 21 325 7% Sale 56 Sale 3 Sale 18% 3% 20 4% 27 Mar. 2934 Mar. 4% Mar. 3% Mar. Mar. 320 11 Mar. Mar. 8 7% Mar. 7134 434 2634 4% Mar. Mar. Mar. Mar. 1 7 1 310 56 Mar. 3 Mar. 1834 Mar. 3% Mar. 34% 73% 30 2% 16 105* 46% 36% Sale Sale 5 10 15 19 Jan. 25 434 Jan. 19 2 17 334 Mar. Mar. 320 Jan. 734 Mar. 12 Jan. 5 12 Mar. Mar. 73 Jan. 11 1834 Mar. 334 Mar. 28 56 3 534 Jan. 11 Jan. Jan. 13 20 19 Feb. 9 1434 3434 1034 4634 Jan. 12 Jan. 11 Feb. 24 Feb. 23 5 8 Feb. 7 Mar. 31 Mar. 25 Mar. 31 8 43 Jan. Mar. 25 Mar. 8 33 Mar. 31 62 Mar. 31 76 Jan. Jan. 1 17 Mar. 30 33 Jan. 3 3 134 Mar. 28 1534 Mar. 25 16 24% Mar. 17 1 834 Mar. 4 2134 Mar. 22 2534 Mar. 31 634 Mar. 29 38 Jan. 15 9 Jan. 11 27 Feb. 7 8J4 Feb. 434 Jan. 15 10 Mar. 3 Mar. 2 10 Mar. 46 Mar. 34 62 Mar. 31 Mar. 31 74 17% 17% 1% Sale 12 1534 17 Mar. 30 30 Mar. 134 Mar. 28 1534 Mar. 25 234 Mar. 16 2134 Mar. 22 25% Mar. 31 634 Mar. 29 Sale 33 1834 934 2634 634 7 12 33 62 23 31 25 31 18 1 1834 Mar. Mar. Mar. Mar. Mar. Mar. 14% 18% 9% Sale 2734 • 28 6% Sale 41 41% 33 Sale 1 32 1534 934 2634 634 4334 19 10 32 26 8% 27 634 9 22 31 21% Sale Sale 27 Mar. 24 7 Mar. 29 234 Mar. 29 8% 3% 9% Sale 12% 26 22% 12% 28% 14% 29% 27 25% 11% Sale 2534 Mar. 31 26% 21 Sale 21 36% 17% 28% 7% 36 3734 31 3234 13 14 29 20 24% 21 % 6% 8 2% Sale 25 7% 3% Sale 33% 16 21 com 280 Hutchinson Sug Plant 150 Highest Sale Prices Mar. 6 36 10 27 10 234 Jan. 20 Jan. 26 11 12 Mar. 25 Mar. 31 3534 Mar. Mar. 8 25 834 Mar. 334 Mar. 4 1 7 28 1334 Mar. 5 2934 Mar. 15 2634 Mar. 8 Mar. 24 Jan. 27 234 Mar. 29 24% Mar. 17 Jan. 4 Mar. 31 Mar. 31 1334 Jan. 14 2934 Feb. 2 2934 Jan. 22 3334 Jan. 10 1334 Mar. 30 2334 Mar. 29 Mar. 10 11 25 21 lnsut capital 110 Honolulu Plantation cap 610 Hudson Motors Car Co 10 22 25% 31% Sale 7% 8% 23% 29% 11% • 7,063 HonoluluOIICrpLtd 16 40 7 com. Hawaiian Pineapple Co Houie 90 3,403 * com Preferred Hancock Lowest Sale Prices Laundry (capital) 13,151 General Motors 4,494 General Paint Corp 210 iIH Sale If 45 230 Fireman's Fund Iadem cap 10 329 3,886 2,545 Highest Sale Prices ~34~~ Sale 11% % % 36% 20% 49% Sale 43* 495H 2,290 Fireman's Fund Insur cap 25 8,011 Food Machinery Corp com. 10 2^ 2,180 Foster & Kleiser com 100 12 "S id* 9 11% Sail4 190 60 Lowest 103% Mar. 15 10334 Mar. 15 Mar. 21 Mar. 21 102 102% 102 10834 Mar. 12 10834 Mar. 12 28 59 12 870 665 3% 31 34 2,647 1083 Ask Industries 75 1,430 20 SB * 100 20,721 2,995 2,718 680 21 50 % Sale 5 Chemical 20 19% common Consol 5% 18% 20% * 50 Inc class A partlc pref. 3,502 3,119 Creameries of Amer (new) 1,558 1,525 10% 20 42 34 Sale cap.. 180 19% 34 34 150 Coast Cos Gas&El 6% 1st pf 100 175 Consol Aircraft Corp com I 20 195 5 34 * 633 Clorox Chemical A. 230 5 15 % 1 stock.. 9,376 Chrysler Gorp 1,874 11% 14% 3% 634 120 California Water Serf preflOO 10,044 Caterpillar Tractor 350 1154 1434 334 7 185 caplOO asso 7,135 Callf-Engels Mining Co 1,122 California Ink Co lnc A 11,055 California Packing cap Preferred... I,326 30 4,789 55 25? 735 Calaveras Cement Co com—♦ 100 1,970 Calif Cotton Mills cap 700 4,835 63 % 14% - 100 101 101 106 103 10634 11 2,218 Bishop OU Co 5 4,343 Byron Jackson com cap * 4,167 Calamba Sugar Estate com 20 Preferred ..20 1,120 1,573 1,838 1,582 102 101 60 3,507 Alaska Juneau Gold M cap 10 8,921 Anglo-Calif Nat'l Bank 20 10,105 Assoc Ins Fund Inc com caplO 5 7,405 Atlas Imp Diesel Eng Co 172 105 M 9834 102 105 Ask Bid po| Shares. 1,289 1,946 6,520 4,969 Bid 101 1,000 Call? Packing Corp 5%.. 1940 6,000 Calif Water Serv 4% 1961 2,000 Coast Co G & E Co 4%..1965 2,000 South Pacific Co 4 % % —1969 Ask Sale Prices Mar. 31 Mar. 1 1938 - Shares 1 3 Bid $ 1,000 1,000 1,000 RANGE SINCE JAN. Price Jan. Jan. 1 March Jan. 1 to March 31. PRICES IN MARCH SAN FRANCISCO STOCK EXCHANGE SALE Since Tn 1937 $25,500 94,500 $3,000 11,000 March. 848,090 1,515,043 389,313 898,386 1938 Bond Sales 1937 1938 Stock Sales March 6% 2 1 2% 15% 10 3% 19% 12 1 34 3§* 15 7 9% 16 8% Sale 6 5 18 26 7% 1% 2% 8% 1% 4 15 Sale 23% 3% 38 16 3% % Sale IK 2H 7% 834 8% Sale 4% 5% 13 2% Mar. 10 18 Mar. 4 2334 Mar. 29 8 % Mar. 31 2 Marl 26 1134 Mar. 22 Sale Sale 36 6 18 16 5 3334 Mar. 18 1334 Mar. 30 2334 Mar. 29 Sale 3% 13 Mar. 31 334 Mar. 28 "134 Mar." 7 234 Mar. 11 15 Mar. 31 Mar. 29 5 5 Sale 534 Mar. 30 Mar. 31 13 Mar. 31 17 Jan. 21 10 6 Mar. 29 834 Jan. 26 1034 Jan. 10 534 Mar. 17 Mar. 29 Sale 6 17 10 Jan. 1834 Mar. 15 13 6 Mar. 834 Mar. 1 534 Mar. 17 4 10 1634 Feb. 434 Feb. 34 38 Jan. 39 2 1 Mar. 23 6 Jan. Mar. 11 Marl 26 Mar. 23 1 2 34 10 14 Jan. 1134 Mar. 22 Mar. 35 13 7 Feb. Jan. 2 % Mar. 31 2 334 Mar. 16 30 5% 6% 5% Sale Mar. Feb. 12 Jan. 7 Jan. 6 534 Mar. 30 5 Jan. 13 r 8,817 Magnavox Co Ltd (capital)}^ 2,935 Magnln 8c Co (I) common.. 1,920 524 10 "4",284 9,720 Preferred Merchant Cal Mach Co com 10 70 Market St Ry Co prior pf.100 40 10 """580 Preferred North Amer Iny < 1,580 210 30 50 2,770 0% preferred 100 780 4,857 26 North Amer OU Consol cap. 10 227 Occidental Insurance cap..10 11% 102 14%. Sale 9% U-% 3% 5 8% 8% 5% Sale 9% 9% % Sale 8% 9 90 9 Vfr 10 i* 734 9 3% Sale 8 % Mar. 31 8 Mar. 29 34 Mar. 3 1034 Mar. 16 102 8% Sale preferred O'Connor Moffat ...... Oliver United Filters Inc A..* B 5 5% Sale 4% Sale 24% 38 43 20 48 34 17 12% 39% 13% 24 25 23 26 No par value, 93 % J* .......100 ......100 1,320 1,340 8,595 % 10% % Jan. 8 95 834 Mar. 29 934 Mar. 29 Mar. 1 Mar. 16 734 Mar. 30 334 Mar. 29 734 Mar. 31 834 Mar. 16 534 Mar. 1 934 Mar. 3 334 Mar. 26 3 134 Jan. 18 Mar. 29 13 Jan. Feb. 95 Feb. 10 3 1434 1234 434 934 734 1034 Jan. Mar. Feb. Jan. Jan. Jan. 11 16 14 10 15 20 3 834 Mar. 29 934 Fen. 11 434 Feb. 14 734 Mar. 30 334 Mar. 29 734 Mar. 31 Corp— Common 7,675 40 340 • 8 6 ..........100 .....10 1,710 Meieir-Frank Co 16,013 Nat Auto Fibre- InrCom stkl 17,479 Natomas Co capital • 6,577 8,374 250 160 100 ... % Sale 10J4 12% 90 102 1334 14% 9% 11 Sale 9% 15 17 5% 6 9 t Removed from listing Feb. 4,1937. 8% 9% 19 6% Sale 16 25 9% Sale 6% 12% 4 Sale 83 153' Sale 23 23 3 Mar. 8 23 Mar. 29 43 Mar. 25 Mar. 15 23 Mar. 25 40 12 Mar. 4 Mar. 31 24 Mar. 2 7% Mar. 25 9 Mar. 7 1834 Mar. 634 Mar. 8 1 934 Mar. 31 23 15 5% Jan. 434 Mar. Mar. 29 Mar. 29 334 Mar. 26 334 Mar. 26 934 Mar. 31 23 Mar. 31 734 Mar. 25 15 Mar. 29 334 Mar. 26 11 Feb. 24 19 Jan. 1334 Feb. 23 2834 Jan. 15 1034 Jan. 12 1834 Mar. 8 634 Jan. 18 April, 1938] AGGREGATE SAN FEANCISCO STOCK EXCHANGE SALES SAN FRANCISCO m STOCK EXCHANGE In Jan. 1 Shares Shares — 16,331 7,362 1,761 5,649 510 4,835 2,840 610 270 1,875 . 200 1,308 80 310 10,245 1,440 2,630 50 9,125 1,637 30 3,051 400 23 Mar. 27 Mar. 25 Mar. Sale 32 Mar. Sale 99 Mar. Sale 3% Mar. 13% Mar. 17 X 14% Sale Sale 100 96 Mo cap..* 40 1% 2% 1% 3% 5% 9% 1 ......50 1 common.... 13 80 840 Schlealnger (B F) 130 cum Oil com pref * 100 United Air Lines Trans v t Universal Cons Oil Victor E c_5 111 uipment Co com_.l Conv cum pref .5 Waiaiua Agricultural Co..20 160 WellsFargoBk A UnTr cap 100 Western Pipe A Steel of Calif 7,650 170 480 20 234 45 common ..._1# Yellow Checker Cab Co— (Consolidated^ cl A Class A series 2 com 1,099 Yosemite Portl Cem No par value. ser I.5S cap..50 pf..l0 Co Sale Sale 63 27 9% Sou Pac Golden Gate cl A..* Class B • Union Oil Co of Calif cap..25 Union Sugar Co common..25 Mar. 29 2% Mar. 29 30 69 29 Sale % % 6% 29 % 8 Sale 13% 14 l._ 14% 75 82% 10 X Sale 19 19% 21% 23 7% 8 13% m 9% 35 170 i* 10 Sale Sale 6% 32% 18% % 14% 81 10% 21% 7% Sale Sale IX 15% 84% Sale 21% 17% 15 8 Sale 10% 3% 9% 38% Sale Sale 10% 39 580 2 90 6 25% 14 6% Sale 15 % 1% 10% Sale 76 78% 8% Sale 17% Sale 9% Sale 5 5% 8% Sale 2% Sale 7% Sale 28% Sale 260 Mar. 31 27 Mar. 31 25% Mar. 30 32% Mar. 31 Mar. 21 Mar. 1 Sale 99 7 Jan. Jan. 6 Jan. 10 3 4 90 4 132 Mar. 3 Mar. 22 5 15 28 15 14 Mar. 29 9% Mar. 29 4% Mar. 29 1% Mar. 30 13 Mar. 29 89 Mar. 12 2 6% 6% 56% 15% 25% 4% 36% 13% 6% 1% & 90 Mar. 17% Jan. Mar. 31 119% Jan. Mar. 30 137 29% Mar. 31 91% Mar. 22 42 35 28 14 4 1% Feb, Mar. 8 5 Mar. 3 5 54 Mar. 8 Mar. Mar. 3 Mar, Mar. 4 8 2 Mar. 3 Mar. 3 Mar. 7 Mar. 3 Mar. 10 Mar. 18 Jan. 5 Jan. 14 9% Mar. 31 18 93 20 Mar. 9 12 103% Mar. 12 22 1% Mar. 1 1 Mar. 1 25 15% Mar. 3 31 Mar. 29 Mar. 2% Jan. 12 25 11% Mar. 30 83 Mar. 30 29% Mar. 3 Mar. 29 Mar. 26 Mar. 3 Mar. 28 9% % % 6% 25% Mar. 31 13 Mar. 26 % Mar. 21 10% Mar. 31 80 8 Mar. 7 Mar. 31 17% Mar. 31 9% Mar. 31 5% Mar, 26 8 2% 7% 28% 259% Mar. 31 Mar. Mar. Mar. Mar. Mar. 25 Jan. 36% Jan. Jan. 13 89 Mar. 29 Mar. 12 & 90 Feb. 15 20% Mar. 8 115 103% Jan. 15 105% 6 % Jan. 1 3% Mar. 4% 10% Mar. 29 16% Mar. 1 2 % Mar. 21 Mar. 22 Mar. 7 15 8 1 Mar. 11 Mar. 1 38 Mar. 30 280 Mar. 27 18 13 2 Jan. 17 8 4 29 Mar. Mar. Jan. Mar. Mar. 28 Mar. 259% Mar. 7 Feb. 25 30% Jan. 22% Jan. n Mar. 17 28 31 26 21 31 31 26 26 29 31 31 15 12 Feb. 24 5 17 Mar. 31 9% 5% 6% 2% 7% 8 29 Feb. Jan. Feb. 10 17% Mar. 31 1 11% Mar. 1 3% Mar. 8% Mar. 28 31 Jan. Jan. 8 3 31 Jan. 10 Mar. 30 18 Mar. 10 Jan. Feb. 23 Feb. 2 Jan. Mar. Jan. Jan. Mar. Mar. 13 Mar. % Feb. 10% Mar. 76% Feb. Mar. 8 Mar. 28 8* Mar. IVAMar. 6 15 10 11 11 Jan. 28% 9% % % 6% 25% 8 7 32% Mar. 19% Mar. Ill Mar. 31 100 24 Mar. 29 11% Mar. 30 23 60 Mar. 30 83 2 Mar. Jan. 29% Jan. 92 30% Mar. 16 18M eP, Feb. 6% Feb. 28 56% Feb. 24 20 2 24% Mar. 19 1 20% Mar. 60 14 Jan. 12 Feb. 2 Jan. 28 Mar. 29 Mar. 29 9% Mar. 29 4% Mar. 29 1% Mar. 30 6 24 Feb. 2% Mar. 29 30 11 10 7 20 Ill"Mar.' "~8 115*" Jan. 40 Jan. Mar. 31 104% Jan. 6 Jan. Jan. 6 17 14 28% Jan. 30% Jan. 3% Mar. 30 13% Mar. 30 Mar. 12% 12% Preferred 100 1.663 Sou Cal Gas pfd 6% cum A.25 19,198 Sou Pacific Co com (cap'l).lOO 4%% preferred new 100 Transamerlca Corp capital.. • 91 Sale 20 952 70 Spring ValleyCo Ltd capital * 21,047 Stand Oil Co of Calif capital • 5,826 Super Mold Corp of Cal cap. 10 220 Thomas Alloc Corp class A. * 6,131 Tide Water Assoc Oil Co com • 15 Mar. 29 9% Mar. 31 18 23 Sale Prices 12 Jan. 12 35 5% Mar. 29 55 1 14 1 91 Mar. 24 Mar. 18 105% 103% Mar. 1 Mar. 1% 4 2% 3% Mar. 10 Mar. 10% Sale 93 Sale 92% Mar. 5,645 Signal Oil A Gas Co class A.* 36,044 Soundvlew Pulp Co new....5 3,390 3,185 55 Sale Sale 1% 5 Mar. Jan. 1 40 Mar. 101 25 Corp conv 11% (new). com Preferred (new) 1% 5% 6 3% Sale 29% 31 9% Sale 5 % Sale % 1% 113 640 - 90 2 112% Mar. 136% Mar. Mar. 133% 132 Sale 29% Mar. 91% 91% Mar. 28% 43 com.. 26% Mar. 29% Mar. 27% Mar. i3oF if* 115% 50 San Joaq Lt A Pr prior pf.100 80 6% prior pref ser A 100 3,801 • Sale 20 Series A preferred ..100 373 Safeway Stores Inc common. • 108.748 16,923 7,235 2,023 29,565 5,350 2,926 1,920 90 1 Highest 5% Mar. 15 8% Feb. 15 4% Mar. 29 6 Sale Com stock purch warrants. 2,044 Root Bros Inc common.....1 2,088 Shell Union 7 2 Sale ..100 Preferred 9% Mar. 6% Mar. Sale 224 52,279 8,221 3,227 424 Sale preferred...25 12,868 Rheema Mfg Co 40,677 Richfield Oil Co 5% Mar. 15 4% Mar. 29 Sale 18 Cumulative Sale Prices Sale Sale 103 % 25 ...25 ..... Lowest Sale Prices 6% 51 100 295 Preferred Highest Sale Prices 6% Sale 10,224 10 371 15,816 3,565 6 5% 6% a Rlec Co com.25 preferred lat preferred 15,073 Republic Petroleum Corp 110 400 lat Lowest Ask 3,913 Ry Eq & Realty Co Ltd com. 318 6% preferred (new) 100 17,600 Rayonier Inc common......1 40 40 260 180 3.743 12,728 6% 5H% 520 Plg'o Whistle Corp partlc pf • 346 Puget Sound P & T Co com 43 1,398 Pacific Gas A 254 Phillips Petroleum 20 , » 465 0% preferred.... 8,392 Paraffine Cos, Inc., 70 7,133 15,216 Pacific Can Co 10,416 Pacific Lighting Corp com..* 1,410 S6 dividend pref • 11,671 ''at Pub Serr com non-vot..* 9,642 Firat preferred ...» 2,360 Pac Tel A Tel Co common. 100 200 5,162 5,326 8,519 Uh 9% 6% 5,363 230 98 Mar. 31 Ask 35,111 20,276 54 2,104 Mar. 1 1938 Par 120 Pacific Clay Products. 20 ;v STOCKS 4,258 — RANGE SINCE JAN. Jan. 3 420 PaauhauSugarPlantCo caplS 905 Pacific-Amer Fisheries, Inc. 5 360 35 1,750 PRICES IN MARCH Price Since March 63 6% 33% 19% 1% 8 Feb. 14 Jan. 10 Mar. 2 Jan. 19 l$y* Jan. 13 84 Jan. 26 12% 21% 22% 8% 11% 4% 10% 41% Jan. 30 285 12 Feb. 24 Jan. 7 8 Mar. Jl Mar. Jan. Jan. 24 11 Jan. ll Jan. 26 16% Sale 20 Sale 14% Sale 14% Mar. 29 20 Mar. 1 14% Mar. 29 22% Jan. 11 30 22 33 28 32 25 Sale 25 29 Mar. 8 30 25 32 Jan. 8 24% 29 3% 24% 2% Sale 3 24% Mar. 31 3 3% 3 3 Mar. 31 Mar. 7 24% Mar. 31 3 Mar. Mar. 31 24% Mar. 31 7 3 » Jan. 26 24% Mar. 31 3% Jan. 6 Los Angeles Stock Exch. RECORD MONTHLY AND YEARLY STOCK EXCHANGE RANGE OF PRICES ON THE LOS ANGELES Shares_ March Jan. 1 to March 31 In Jan. 1 Shares 100 v 3 1938 par 900 400 500 500 "i",66o 400 282 500 ' 30c 600 200 565 300 700 900 8,800 4,500 2,400 13,500 1,700 3,600 5,600 150 1,100 12,000 3,600 6,900 30,100 400 800 2,000 400 200 800 200 """§55 400 56 100 9,000 3,500 18,800 1,700 3,400 1,400 common.. 300 Holly OH Co 2,200 1,800 500 400 4,700 5,100 1,100 1,600 Mar. 25 9c 4c 9c 5c Mar. 16 5c Mar. 16 20% 15% 21% 11 Mar. 25 * 5 10% 1 90c 390 35% . 6% 11 Sale 399 60c 300 25% 35% * 36 Sale 16 Mar. 8 1.45 Mar. 23 Mar. 31 53 Mar. 40 7% 8% 9% 4% 9% 3% Mar. 31 Mar. 30 Mar. 23 3% Mar. 25 6% Mar. Sale 60c Sale 385 390 I 8 3% £2^ 90c Mar. 390 Mar. 4% 8 Mar. 7 Mar. 1 Mar. 15 Mar. 4 9 Mar. 2 9 Mar. 3 4% Mar. 10 3% Mar. 12 18% Mar. 25 3% Mar. 3% Mar. 18% Mar. 29 67 %c 1 Sale 50c 80c 1% 2 1 * ... 1.2 '1% "1% 35c 5c Sale 9c 11c 15c 13 11c 15c 17c 16c 10 Sale 2% Sale 4 4% 65c 75c 1.25 Sale 5c 11 87 %c Sale 7c 13c 14 Sale 9 Sale 3 Sale 3 65c Sale 1.05 3% 1.15 7c 12 11c 11c Mar. 14 Mar 21 11c Mar. 16c Mar 1 5% Mar. 9 Mar 1 2% Mar. 3% Mar. 3% Mar 4% Mar 6c 5% Sale 2% Sale 3% Sale 60c 80c Mar. 14 14% Sale 65c 60c 80c Mar. 4c 90c 60c Sale 55c 60c Nor don Corp 13c 14c 9c Sale 28c Sale 19c 25c 21c Mar, 23 80c Sale 80c Mar. 31 3c 4c 3c 600 Preferred series A. 10 400 Preferred series C 10 2,000 Pac Gas 8c Elec Co com.. 25 600 1st pref 4% 25 300 &H% 1st preferred 25 2,000 Pacific Indemnity Co ...10 900 Pac Lighting Corp com • 151 $6 preferred _..._* 100 Pacific Public Service _* • 1,500 Puget Sound Pulp 6c Timber* 17,200 Republic Petr Co Ltd 10 50 Preferred Rice Ranch Oil Co 1 Richfield Oil Corp common.* Warrants.. ....... ...... Robert Public Markets.....» Ryan Aeronautical Co 500 Safeway Stores Inc Samson Corp B common 156 1,000 6% 26% 28% 25% 19% 35% L01 4% 11% 6% 3% 28% 15c 5% 1% 3% L .25 * 20 * 75c 1 2 1.25 Sale 5% 2% 10c 9 27% 29% 26% 20% 35% 105 25c 9% 9% 9 22% 26% 22% 37% 103 5 5 12% 6% 4% 32 34% 25c 17c Sale 2 3% Sale 21 1% Sale 7 4 23% 38% 105 5% Sale Sale 36 Sale 6% Sale lli 2% %Vi 1.25 3 1.30 18% 19% 70c 2% 3c 6c 3 Mar, 9 5% Mar, 25 6 30c 35c Mar, 8 9% Mar, 26 11% Mar. 14 9% 12 , 23% 27% 9 Mar. 28 23% Mar. 31 28 18% 20 18% 32% 32% 99% 102% 101% 3 4 4% 32 Mar, 25 5 3 Sale 30 5 1 Sale 1% 2% Sale 90c 12 2 1 3% 2% 1.25 Mar. Mar. 11% Mar. 9 Mar. 26% Mar. 28% Mar. Mar. Mar. 4% Mar. 36% Mar. 17c Mar. 5 13 7 Mar. 17c 7% Mar. 30c 4% Mar. Mar. 25c Mar. 1.10 Mar. 4c Mar. 104 Mar. 30 17c 27c 22% Mar. 36% Mar. Mar. Mar. Mar. Mar. 6 Sale 3% 3% Mar. 1.05 Mar. 25 Mar. 6% 1% 2% 1.25 1.10 Mar. 2% Mar. 1.05 Mar. 12% 12% Mar. 1% x60c Mar. 3% 2% Mar. Mar. Sale 24 25% 6c • 19% 20 21% ..1 10c 50c 21% 22% 22 22% 19% Mar. 31 22 Mar. 36 37% 35% 36% 35 35 35% Mar. 27 25 25 25% Mar. 30 27 Mar. 29% 27% 25% 30% 195! Sale* 25 26% Sale 24% 28% 7% 11* 29 2% 31 24% 29 Sale Sale 2% Sale 6c 33 10c 23 Sale.) 3 3% 35% Sale 5c 19 8c 21% 19% Sale 35% 25% 23 23% 27g 2|H 9)1 25% 2% 21 Sale Sale Sale 25% 5c 20 Mar. 25% Mar. Mar. 10c 25 Mar. Mar. 29 8 4 Mar. 26 9% Mar. 30 25% Mar. 31 2% Mar. 31 26 Mar. 26 Mar. Mar. 15 4 18 17 Mar. 16 5% Mar. 30 5 2 Jan. 3% Mar. 30 3c 30% Mar. 15 85c Jan. oiH Jan. 35c Jan. 5c Jan. 11c Jan. 14 31 Mar. 21 18c Jan. 3 4 10 Mar. 7 Feb. 15 Jan. 7 Jan. 19 7c Jan. 5 11 26 Feb. 75c oVA Jan. 2% Jan. Jan. 10 15c Jan. 11 30c Jan. 7 14 Mar. 31 1.20 Jan 3c Feb. 18 28c Feb. 5 Jan. 5 7% Mar. 8 30c Mar. 49c Jan. 9% Mar. 26 14% Jan. 11% Feb. 16 11% Feb. 9 Jan. 7 9 Jan. 23% Mar. 31 Jan. Feb. Feb. Mar. Mar. Mar. Mar. Jan. 25 18 26 Feb. 12% Mar. 30 Jan. 7 4 25 27% Jan. 19 Feb. 23 23 11* 30 Jan. Jan. 37% Jan. 17c 14 1 Jan. 10 Jan. Jan. 11 Jan. 12 11* Jan. 7 5 Mar. 22 3 Jan. 19 Jan. 13 2% Jan. 18 113 23% Mar. 29 Mar. 7% 2% 3% 1% 8 z80c 2% Mar. 16 20 25c 7 19 14 16 % 3 2% Mar. 19 1.05 Mar. 30 5c 16 15 39% Jan. 15 29 104% Jan. 12 9 4% Mar. 9 10 Jan. 14 Mar. 17 Feb. 26 Mar. 26 Jan. 10 1.10 Mar. 30 z60c 10 70c 80c 5 20 10% Jan. 35c 1.05 Mar. 25 8 Mar. 9c Mar. 25 21c Mar. 23 3 19 3 17 Feb. 10 Mar. 26 Feb. 17 55c 29% 27% 18% 29% 101% 4% 14% 10 1.50 Mar. 28 9% Jan. 10 Mar. 30 29 12c Feb. 15 25 Feb. 4 25c Jan. ll Mar. 18 Feb. 4 Mar. 31 24% Jan. 10 27 Jan. 25 Jan. IVA Mar. 24% Mar. 29 29% Mar. 3 17 Mar. 15 Jan. Jan. 11% Feb. 15 11c 112 24 25 Sale 7,300 So Calif Edison Ltd com. ..25 1,332 Original preferred......25 5,400 6% preferred........ 25 5,300 &H% preferred.. 25 1,900 So Calif Gas A 6% pref...25, 2,300 Sontag Chain Stores Co Ltd. * 11,400 Southern Pacific Co 100 10,300 Standard OH of Calif » 3,400 Sunray Oil Corp .......1 5c Mar. 25 6c 25c 6 9% Jan. 87%c Mar. 31 5 50c 27 Mar. 21 27 1.30 Jan. Mar. 2% Mar. 2i 9 Mar. 17% Mar. z80c 31 26 Mar. 7 Jan. 11 26 Mar. 31 Mar. 10 4% Jan. 4% Jan. 31 30 15c Mar. Mar. 10 18 Jan. 23 80c 4c Jan. Feb. 60c 1.05 Mar, 25 8 57%c Mar. 55c Mar, 11c Mar. 9c Mar. 25 1% Sale Mar, Jan. Mar .12 Mar 23% 942 Security Co units....... common 3c A* elc* .iL 11* 1 6% Preferred....... 10 62 San Joaquin L5cP 7% pr pflOO 125,700 Sierra Trading Corp 1,900 Signal Oil-Gas A 19c 35c 6c 4J 10 Jan. 30c 25c 1.15 7 26 10 3 23 1.10 Mar 65c Mar. Sale 1 Occidental Pet Corp.. Oceanic Oil Co 1 Ollnda Land Co 1 Pacific Clay Products ♦ Pacific Distillers Inc 1 Pac Finance Corp common. 1® 8 23 25 62% Jan. 15 8% Mar. 5 76 65c Mar Mar 29 9 10 6 28 1% Mar. 30 Jap. Jan. 22 5c Feb. 23 Jan. 22 Feb. 8 Feb. 26 Feb. 25 3% Mar. 12 4 18% Feb. Mar Mar. 30 31 6 4 14 Mar. 30 Mar. 22 Mar. 23 95c Jan. 18 399 Jan. 25% Mar. 31 37% Jan. 9 Mar. 6% Mar. 29 7 Jan. 27 9 Feb. Jan. 5 3% Mar. 29 1.50 Mar 5c Jan. 1.45 Mar. 23 60c 80c 87%c Mar. 31 7c 10c 20 Jan. 390 35c 3c Mar. Mar. Mar. Jan. Mar. J an. Mar. 25% Jan. Mid-Western Oil Co Mills Alloys Inc A * Mt Diablo OI1 Ming 5c Dev._l 5 1 6% 7% 2% 8% 3% 4% 6% 15 Mar. Jan. 18 30% Mar 1.50 Mar. 2% 27 8 Feb. 24 Jan. 11 Mar. 31 1.25 Mar. 28 36 Mar. 31 11 65c 75c Jan. 20% Mar. 25% Mar. 25% Sale 15 Jan. 18% Mar. 25 76 65'(tnudsen Creameries For footnotes see page 65. Mar. 5 Mar. 7 Mar. 7 Mar. 7 Mar. 25 ._» 23,650 Lincoln Petroleum Corp 1 7,300 Lockheed Aircraft Corp 1 32,700 L A Industries Inc ......2 3,500 L A Investment Co 10 6,400 Mascot Oil Gj 1 21,000 Men a sco Mfg Co 1 4,900 Superior Oil Co Mar. 15 35% Mar. 25% Mar. 6% Mar. Sale 5** 6 * 1 8,600 J®de Oil Co 1 31,965 (tinner Airpl 5c Motor Corp.l 9 1.25 Mar. 28 1% 36 20% Mar. Mar. 31 16% Sale 1 5 140 Signal Petroleum Co 205 3c 1 87%c Mar. 18 4 2% Mar. 26 5 Mar. 23 9% 27% Feb. 3 29% 45c 40c Jan. 26 52%c Mar. 30 1.00 47c 27c Mar. 23 1% Mar. 10 2% 62%c Mar. 22 62 %c 10 10 Feb. 23 3c Mar. 22 5c 5c 5c Feb. 8 5c Feb. 26 5c 19% Jan. 3,800 Hupp Motor Car Co ""'285 "2",755 Mar. 25 * 22,300 Hancock Oil Co A 5,500 Holly Development Co 700 13,000 1,400 3c Goodyear T 5c R Akron com.* ,30 $5 Preferred * 400 120 Mar. 14 Mzr. 22 5c 10 100 Golden State Co 4,100 53,500 2,800 II,000 9,500 1 Mar. 11 Mar. 14 8c 4% 333 Mar. 2c 1,050 169 40c 8c 3% 31,500 1,100 3,600 36,800 9,400 12,500 62,100 1,300 1,500 6,400 1 25 300 Pacific Western Oil Corn """555 50c Preferred... * Creameries of America ▼ t c. * 561 Merchants Petroleum Co "5",555 1% 2 2,400 Gladding McBean & Co... 2,000 Globe Grain & Milling Co..25 50 10,200 Sale 1 100 International Cinema 25,940 Mar. 52%c Mar. 30 75c 40c 27c Mar. 23 2% 1% Mar. 30 Sale 1.50 62%c Mar. 22 62%c ?8 Steel com.. 500 Hudson Motor Car Co "T555 40c 30c 3c 146 Farmers 5c Merch Nat Bk.100 100 """955 45c ... Consolidated 800 General Paint Sale Prices 52 %c Sale 15c 30c 6% Sale 7% Sale 5,300 General Motors Corp 100 100 % 1 Claude Neon Elec Prod Ltd.* Consolidated Oil Corp * 2,000 Emtco Derr 8c Equip Co 46,800 Exeter Oil Co A 61 1,100 Highest Sale Prices Sale Prices Ask Lowest Sale Prices 100 655 District Bond Co 19,600 1 62 He 400 California Packing Corp * 656 Central Investment Corp. 100 700 Chapman's Ice Cream Co * 3,200 Chrysler Corp 5 2,600 3,700 3,300 1,500 I,500 Sale 90c 2,000 Buckeye Union Oil com 1 1,000 Common tot tr ctfs 1 2,000 Preferred rot trust ctfs__l 200 Byron Jackson Co * T.666 600 40c 10 10 B common 230 Brock & Co 2d pref 1 Highest Lowest 31 87%c Mar. 18 87%c Mar. 18 1% 62 %c 1 3% Sale 2% Mar. 26 3% Mar. 14 5 Mar. 23 5 5% Mar. 30 5% Warrants 6,900 Bolsa Chica OH Corp A 3,800 RANGE SINCE JAN. 3% 9% 3% 1 * Mar 1 Ask Bid 1 common... 193 5%% preferred ...100 5,900 Barnhart-Morrow Cons 1 3,900 Berkey 8c Gay Furn Co 1 1,400 1,100 2,400 1,900 Mar Ask Bid 800 Barker Bros 300 $5,000 Jan. 1 to March 31 Jan STOCKS 200 Assoc Gas & El A 16,500 Bandlni Petroleum Co T, 255 _ PRICES IN MARCH Shares 12,200 _ Price Since March 1,951,728 6,368,078 518,367 1,353,965 LOS ANGELES STOCK EXCHANGE SALES AGGREGATE March 1937 1938 Bond Sales 1937 1938 Stock Sales 30 25% Mar. 30 4 24% Jan. Feb. 25% Feb. 14 8 Mar. 29 4 30% Jan. 3 7% Jan. 9% Mar. 30 Jan. 15 7 12 11 20 8% Mar. 19% Mar. 33 3 Mar. Mar. 35% Mar. 25% Jan. Mar. 31 2% Mar. 31 26 Mar. 26 Feb. 33 Jan. Jan. 36% Feb. 23 April, 1938] AGGREGATE LOS SALES In Jan. 1 Shares los angeles stock exchange PRICES IN MARCH Shares , 200 STOCKS 500 80 2,600 50,300 32,000 12,100 10 ...» 25.600 500 2,900 2,200 '• lie* 17c 1%C lc Cardinal Gold Mining Co._.l 10c Zends Gold Mining Co......J ..100 800 Electric Bond & Share 5% 8 3 3 % 4 6% 3.200 4,200 2 14 3% 7c 6c 19c 2c 20c Sale 2c 40c 7%c 12 Sale 144% 145% 29% 4% American Co.... ...* Packard Motor Car Co.. Radio Corp of America. 400 Texas Corp 600 Tide Water Assoc OU... 500 United Corp (Del)...... 400 48% No par valne. U S Steel Warner x Odd lot. l5c~ 12% Mar. 17 8% Mar. 29 17% Mar. 31 8 Mar. 31 6% Mar. 16 *4% Mar. 7 4 Mar. 21 2% Mar. 28 19 Mar. 18 2% Mar. 24 Sale 15c 12c lc Mar. Mar. 13 Mar. 16 10% 21% 11% 5% *4% 5% 2% Mar. 1 Mar. 1 Mar. 4 Mar. 16 Mar. 7 Mar. 8 Mar. 28 19 Mar. 18 3%; Mar. 15 Sale 10c 3 lc l%c lc Mar. 20c 32c 20c 3%c 4%c 3c 22c Mar. 30 1 %c Mar. 3 49% 2 Pictures 29% 1 1 30% 1% —10 5 1 Mar. 15 Mar. 15 13c 3% Mar. Mar. 1 Mar. lc 20c Mar. 14 Mar. 26 Mar. 6c Mar. 14 Mar. 30 13% Mar. Mar. 30 132 Mar. 29 Mar. 25 Mar. 12% 8% 17% 6% 5% 3 4 Mar. Mar. Mar. Jan. Mar. 17 29 31 26 16 Jan. 8 Mar. 21 2% Mar. 28 19 Mar. 18 2% Mar. 24 11% Feb. 25 12c Mar. 23 lc 10c Jan. 10 Mar. 29 Mar. 31 3 lc Mar. 14 20c 3c Mar. 26 Mar. 22 9% Mar. 9 33% Mar. 15 36% Mar. 23 3 Mar. 25 1 Mar. 25 36% Mar. 23 1% Mar. 1% 22% 3% 5% Mar. Mar. Mar. Mar. 28 Mar. 31 24 29 31 25 1% Mar. £ 22% Mar. 29 4 Mar. 23 16% 17% 10% Sale 10% Mar. 31 5% Mar. 25 38% Mar. 16 10% Mar. 31 7% 8% 5% Sale 5% Mar. 31 6% Mar. 24 39% 6% 36% 18% 8% 19% 39% nt* Sale ava 28 35% 6% 9% 19% 36% 7 Sale 19% 4% 6% 36% 18% 19% 4% 6% 3% 27% Sale 5% 5% 25% 26% 10 5% 13% 3% 4% 2 3% 25% 26% 15% 43 43% 32% w w 14% 2% 15% 10% 22% -.25 Corp...........100 Bros 21c 22 21% 3% Sale HI* 800 U S Rubber Co..... 3,200 4,700 3 Highest Sale Prices 1 u -—* 800 Standard Brands Inc... 300 Standard OH Co (N J).. -.25 200 2% 3 16 Lowest Sale Prices 13% Sale 8% 9% 9% 112 112 136% 137% 111 33% 34% 21% 22% 22% 3 3% 3% 2% 2% ..._5 800 Radio- Kelt h-Orpheum.. 300 Seaboard OH Co of Del. mmmrnrnrnrn. 3% 22 Highest Sale Prices • Kennrcott Copper Corp....* 100 McKesson & Robblns ..5 400 200 * 35c 700 Goodrich (B F) Co .._...* 400 International Nickel Co • 400 International Tel & Tel....* 600 North Sale 5% 1,400 General Electric Co..._..._* 200 2,900 25c 6c 12c 3% lc 20c 1% Solvents 1,200 300 700 500 2c Cities Service Co 2,600 Montgomery Ward & Co....* 5.900 N Y Central RR. • 1 9,100 No Amer Aviation Inc.. 2.000 3% lc * 900 100 600 20c 3% ........5 400 3,100 8 6% 1,000 Com'wealth St Southern....• 200 Continental OH Co (Del)...5 4,400 Curtlss-Wright Corp 1 300 16 Lowest Sale Prices 13% Feb. 23 12% Jan. 12 21 % Feb. 25 11% 5% 4% 6% 2% 4 16 7 11 28 Mar. Mar. Mar. Jan. Mar. 19 Mar. 3% Jan. 18 19 13 Feb. Jan. l%cJan. 22c Jan. 4% Jan. 2c Jan. 29c Jan. 9c Jan. 22c 2 21 13 21 21 14 20 4 STOCKS— Amer Rad & Stand San.....* 200 Commercial 100 2,500 3 lc 200 Caterpillar Tractor 1,400 ""2% "3" Sale 10 Ask 8% Sale 17% Sale' 4 80" 200 Bend I x Aviation 100 tn 19 M ColOc 2,200 Anaconda Copper Mlning__50 1,300 (The) Aviation Corp iDel)_.3 100 5% Mines Co.. 10c 700 Amer Tel ft Tel Co 500 fi* Black Mammoth Cons M Colftc 39,000 Cons Chollar G & S Co 1 25.000 Imperial Development Co.25c 1,500 Tom Reed Gold Mines Co 1 400 500 100 400 Sale Calumet Gold UNLISTED 500 200 10% Sale 31 STOCKS— 300 Alaska Juneau Gold 27".6OO 24,000 4,800 1,500 5,000 1.400 20 15 Sale Sale 7% 6% 6% 5% 6 2% 3% Mar Ask Bid 10 % Yosemlte Portl Cement preflO MINING 1 18% 6% 6% 100 Western Pipe & Steel Co. .10 1,900 Bid * 5,200 Wellington Oil Co I 100 Western Air Express Corp—1 100 100 6,000 11 Ask 25 84 Weber Showcase & Pis pfd—• 1,900 Mar 1938 Bid 27,000 Transsmerlca Corp 30,100 Union Oil of Calif 10,000 Universal Cons OH Co 600 Van de Kamps Bakeries 5,500 1 Jan. 3 300 Taylor Milling Corp 11,500 14,800 RANGE SINCE JAN. Pries Since March 65 ^NGELES STOCK EXCHANGE 34 3% 20% 7% 45% 20% 8% 46 38 38% 52% 6 4% 22% 53% 6% 55% 5% 3% 34% Sale 6% 2 35% Mar. 8 5% Mar. 28 29 34% Mar. 14 Mar. 28 10% 6% 10% Mar. 26 14% 3 % 5% 2% 15% 15 33% 10% 40% 10% 2% 29% 38% 3% 2% 21% 22% 38% Sale 4 27% Mar. 31 5% Mar. 28 Sale 6 Mar. 30 Mar. 29 18% Mar. 2 Mar. 29 8% Mar. 2 17% Mar. 17 4% Mar. 22 6% Mar. 8 2% Mar. 25 19% Mar. 24 19% Mar. 24 3% Mar. 30 5 Mar. 10 3 Mar. 21 Mar. 29 40% Mar. 10 12% Mar. 23 Mar. Mar. Mar. Mar. 2% Mar. 15 31% Mar. 17 55 % Mar. 1 5% Mar. 9 24 11 31 26 112 14% Feb. 23 Jan. 26 36% Jan. 11 4% Jan. 10 14% Jan. 10 Mar. 145 22% Mar. 3 Mar. 14% Jan. 36% Mar. 1 44% Feb. Mar. 2 8% Jan. \1% Mar. 22% Mar. 3% Mar. 5% Mar. 28 Mar. 10% Mar. 50% Jan. 5% Mar. 9 Jan. Jan. 1H Jan. 28 22% 5% 9% 45% 18 51% 6% 27% Mar. 31 5% Mar. 28 29 Mar. 28 Mar. Jan. Jan. Jan. Feb. Jan. 41 Jan. 6 3% 6 2% 19% 8% 49% 38% 10% 2% 29% 38% 3% Mar. 30 Mar. 29 10% Mar. 30 Mar. 29 Mar. Mar. Feb. Jan. Feb. Mar. Mar. Feb. Mar. Mar. 25 24 26 15 3 29 24 10 31 26 29 10 11 10 21 20 Mar. 24 10% Mar. 26 15 8 6 11 15 11 Jani 10 ~!1 % Jan. 12 5% Jan. 7% Jan. 5% Jan. 22 Feb. 9% Jan. 49% Jan. 41% Jan. 11 14 Feb. 3 Jan. 15 10 18 11 15 6 „ 21 26 29% Feb. 10 61% Jan. 15 *71Z Tor. RANGE OF PRICES ON THE CLEVELAND STOCK EXCHANGE 1938 Stock Sales March —-Shares* Jan. 1 to March 31---- ----- AGGREGATE March Shares 50 375 Since Jan, 1 STOCKS Far 20 622 1.467 Clark Controller new...1 266 399 Cleveland Builders Realty..* 3.067 Cleveland Cliffs Iron pref...* 156 Clev El,111 $4.50 cum prei.... * 465 """655 . 1,395 120 8,615 100 330 Cleveland 8c Buffalo Tran..* 25,597 Cliffs Corporation v t c....»* 339 Colonial Finance Co 339 503 Dow Chemical Klec Controller 8c Mfg......* Faultless Rubber.. ......* 10 103 343 335 675 486 120 10 175 30 84 15 42 Grelf Bros Cooperage. 139 , 630 78 766 38 246 797 170 270 100 50 737 232 33 90 620 200 ""150 28 74 322 1,480 340 1,654 430 99 379 50 35 580 2,075 135 1.115 204 30 * No par Knitting Mills foote hurt ........ ..* I.* * Fostorla Pressed Steel.. General Tire 3,479 < Preferred Halle ....... 725 * Brothers. 17 2 I-IIi Sale Sale 3 5$ 30' * * Lamson Sessions...........* Leland Electric............* Lima Cord Sole & Heel 1 Preferred 31 Ask 4*$ 7 5*$ Sale 7 8*$ Sale National JRefIning ........25 Preferred . . 107 *$ 109 79 66 24 18" 19 5] 21 12 $ 3*$ . 11*$ Sale 65*5 14*$ 15 2 3*$ 45 Sale 10 ..... 48 10 H 95$ 12 "25$ ""3*i 16*$ 36 17*$ 38*$ 58 20 16 4*$ Sale 6*$ 12*$ 4 3 5$ 2*1 3B; lp "3*1 3% 85 J > 27 29 30 5$ 7 33 11 17 14 Sale Sale Sale 595 Vlchek Wka Co com Tool.... 1,843 Warren Ref 1,044 Weinberger ..._....* 8c Chem com....2 Drug..........* 130 W R I Corp pref....... a 1 In liquidation. 100 5*$ Sale 18 5*$ 16*$ 6 9 12 25$ Mar. 29 7 6 13 2 Sale 12 6 2*$ 18 6*$ J* 62 Mar. 25 44 if* Mar. 11 115 Mar. 30 Mar. 29 11 11*$ Mar. 3 Mar. 28 Mar. 8 Mar. 29 11*$ Mar. 3 70 21 1 45 30 Mar. 28 Mar. 22 45 30 Mar. 28 35 14 16 16 Mar. 25 Mar. 31 Mar. 31 Mar. 18 Mar. 31 Mar. 28 17 37 Mar. 905$ Mar. 31 31*$ Sale 905$ Sale 5*$ 8*$ 27*$ Sale 11*$ 15 31 90 13 145$ Mar. 26 3*$ Mar. 30 1 16*$ 12 8 3 % 15* 30 2*$ 60 3 12 6 3*$ 8 25$ 18 28 13 18 4* 7?H 14 25$ 70 Sale 3 85 5 27 15 3 8 3 2*$ 3*$ 20 10 9 30 19 25*$ Mar. 16*$ Mar. 3 65 Mar. 23 9 2 Mar. 11 Mar. 8 5*$ Mar. 29 25$ Mar. 28 8*$ Mar. 8 351 Mar. 11 28 11 6*$ Sale 2*$ Sale 29*$ Mar. 7*1 Mar. 10 Sale 16 4 9 30 2 Sale Sale 9 12 9 16 35$ 95$ 30 2 15 9' 2 Mar. 15 Mar. 31 Mar. 25 Mar. 31 Mar. 28 Mar. 26 Mar. 30 Mar. 30 3! 35$ Mar. 29 852 9 5 5*$ Mar. 30 10 55$ 15$ Sale 5 1*$ Sale fV* 4*$ Sale 16 35$ 2*$ Mar. 11 *$ Mar. 16 17 7 2 18*$ 70 Mar. 18 15$ Mar. 31 5 Mar. 26 1*$ Mar. 16 18 50 Mar. 7 Mar. 30 31*$ Mar. 7*$ Mar. 2 2 10*$ Mar. 18 175$ Mar. 2 55$ Mar. 4 10 Mar. 22 33*$ Mar. 3*| Mar. 20 11 9 15 10 65 15 44 Mar. 31 *$ Feb. 17 11 Mar. 29 105$ Mar. 25 30*$ Feb. 1 109 60 85*$ Mar. 18 Jan. 22 45 30 Feb. 3 16 Mar. 28 Mar. 22 31*$ Mar. 31 905$ Mar. 31 5 Jan. 13 15 Mar. 31 Mar. 28 145$ Mar. 26 3*$ Mar. 30 8 Jan. 10 2*$ Mar. 15 18 Mar. 23 25*$ Mar. 9 13 Mar. 30 25$ Mar. 19 65 Mar. 8 6*$ Feb. 13 Jan. 5*$ Mar. 25$ Mar. 17 60 2 Feb. 10 29 28 28 Mar. 18 *$ Mar. 16 95 20 4 18 31 Mar. 30 5 Mar. 26 1*$ Mar. 16 Jan. 3 Mar. 30 25 Jan. 4 Mar. 23 Jan. 12 Mar. 26 12 8 6*$ Feb. 17 14 Feb. 17 8*$ Feb. 17 45$ Jan. 11 70 Jan. 24 3 Jan. 13 5$ Jan. 4 22 Jan. Jan. 7*$ Mar. 26 2 Jan. 17 Feb. 10 Jan. 10 Jan. 15 Jan. 11 Jan. 17 Jan. 21 Jan. 4 Feb. 5 Mar. 28 Mar. 26 15 Mar. 30 95$ Mar. 30 18 50 Jan. 185$ Jan. 3*$ Jan. 65 9 15$ Mar. 31 18 18*$ Jan. 26 6*$ Jan. 18 10*$ Jan. 19 2 Mar. 18 Jan. 6*$ Jan. 21 44*$ Jan. 18 2 Mar. 31 Mar. 25 5*$ Mar. 30 Mar. 28 Mar. 8 175$ Jan. 14 37*$ Jan. 21 10*$ Feb. 9 3 28 3 24 26 18 29 Jan. 19 45*$ Feb. 18 35 Feb. 7 33 35$ Mar. 29 10 Feb. Mar. Jan. Jan. 85*$ Mar. 29*$ Mar. 27 7*$ Mar. 2 4 Mar. 13 29 16 22 31*$ Jan. 22 8 Feb. 10 25 Jan. 12 Mar. 30 185$ Jan. 6 115 70 28 18 21*$ Feb. 3 11*$ Jan. 6 8*$ Jan. 27 25$ 25 27 32 1 Jan. Jan. 20*$ Jan. 11 Jan. Jan. Mar. Jan. Jan. 64*$ Jan. 12 25 12 13 111*$ Mar. 30 Mar. 29 107*$ Jan. 22 10 100*$ 125$ 65*$ 20*$ 2J$ 25 Mar. 31 Feb. 15 Mar. 29 2*$ Jan. 4 Mar. 29 Mar. 15 Mar. 3 Mar. 4 5*$ Mar. 23 25$ Mar. 4 19 Mar. 1 13 20 Jan Jan. 25 Feb. 21 Mar. 21 Mar. 26 Mar. 28 Mar. 15 30 Mar. 11 Mar. 1 Jan. 6 5*$ Mar. 23 5 35$ 10*$ 65$ 2*$ 50 Sale Prices 8 28 10 ::::: 10* Sale Mar. 18 2 29 18 5* 9 19 25$ Mar. 11 18 *$ Mar. 16 12 33 Mar. 18 4 15 Mar. 28 15*$ Mar. 2 5*$ Mar. 4 10 Mar. 7 5 37*$ Mar. 23 8 4 3 60 §1* 1? 175$ 5 5$ 9*$ 15 Mar. ilH 5$ 7 Mar. 23 8 2*$ Mar. Mar. 25*$ Mar. 13 Mar, 25$ Mar. 65 Mar. 18 Mar. 22 Highest Sale Prices 5 Feb. 17 2 3*$ 85*$ Mar. 18 25*$ Mar. 19 i45$ 2 5$ Sale 100 12*$ Mar. 10 65*$ Mar. 22 18*8 Mar. 7 Mar. 19 6 3*$ 105$ Sale 3*$ 5 Corp common.......1 ... 15 15 13 10 Mar. 21 25 "25*$ "30"" 16*2 Sale 25$ 3*$ 3 65 Union Metals Mfg Co.......* 37 ----- "28*$ 16 2 9 24*$ 40 Troxel Manufacturing...... 1 1,315 Upson-Walton 5,570 Van Dora j.ron 2J$ Mar. 25 21 45 ..... 43 15 14 10*$ Mar. 14*$ Mar. 40 23 ..... Lowest Sale Prices 5 Mar. 1 6 Mar. 8 6 65 36 10 31 100 Mar. 29 15 20 46 30 14"" "41" l\% 'I S M A Mar. 31 10 65*$ Mar. 22 85*$ Mar. 18 1,090 Reliance'Jtlec 8c Eng........ 4,964 RJchman Bros 870 Seiberllng Rubber.. Preferred 384 Mar. 15 113 114*$ 115 63 63*$ 64 35 578 Packer Corp...............* 949 Patterson-Sargent. 3,100 Peerless Corp..............3 ....... 5*$ Mar. 23 8 Mar. 26 9 Mar. 28 a* 25*$ .......* . Highest Sale Prices 5 Mar. 1 100*$ Jan. 114 H 115 68 95 21 25 40 ............100 National Tile. Lowest 31 Mar. 15 Mar. 31 111*$ Mar. 30 109 109 Sale Sale Mar. 31 22 22 28*$ Mar. 1 Mar. 2 Sale Mar. 30 1 H Sale Sale Mar. 29 Mar. 11 1 Mar. 3 13 *$ i0 5$ 12*$ 105$ Mar. 25 30 31 "29*$ "39"" 100 ♦ 600 Neotle Le Mur"A" 110 Nineteen Hundred Corp A..* 382 Ohio Brass B * 28 Ohio Confection.......... 6 10 H "19"" 2 "5 25 Miller Wholesale Drag......* * 305 Monarch Machine Tool Co 190 Murray Ohio Mfg__.........* value. 10} 15$ Sale* 34*$ * Interlake SS... 33 1,030 330 Sale 59 *$ 110 108 Sale 28 58*$ 61 101*$ 112 .... 1,527 55$ Mar 62* 5 Preferred 100 McKay Machine. * 565 McK.ee iArthur G) B_._...._* 2,072 Medusa Portland Cement...* 419 Metropolitan Paving Brick-.* 3,685 5 10 14 100 624 Kelly Island L AT 1,105 10 6 11 41 1 Ask Bid 15 100 12 100 preferred. Towing 631 Jaeger Machine... 2,876 Bid 100 Great Lakes 15 ""590 5% pref.. .100 141 Hanna (M A) $5 pref 681 Harbauer. 120 73 618 65 410 a Federal 4 5*$ 10 10 Ask 1 com 210 Commercial Bookbinding...* 222 13 Mar 1938 Bid .............. . 2,581 Cleveland Rys....... 947 225 RANGE SINCE JAN. PRICES IN MARCH Price 960 Amer Coach 8c Body........* 1,700 Apex Electric 8c Mfg.— "with proxy"... 465 * 5 Canfleld Oil 7% cum pref 100 1,411 City Ice 8c Puel. 25 Preferred. 1,000 — Jan, 3 Shares 233 Air-Way El Appl 1st 7% pf 100 802 Akron Brass Mfc common..-* 470 — _ Jan. 1 to March 31---—----- CLEVELAND SALES STOCK EXCHANGE In March 80,146 242,111 1937 1938 Bond Sales 1937 31,360 87,691 4*$ Feb. 28 11 7 3 7 Jan. 14 Feb. 1 Jan. 26 Feb. 23 2*$ Jan. 20 60 Jan. Jan. 5 25 29 In the earlier part of this publication complete records of the dealings the country, for the latest month and for the calendar year to General Quotations we combine in one date, are on the leading stock exchanges of furnished. In this department of comprehensive whole, securities of all classes and descriptions, only those dealt in the on exchanges, but also leading unlisted and inactive securities. not The following is an index to the different classes of securities quoted: Page Exchange Seats Page ...................... 83 Joint Stock Land Bank Securities Federal Land Bank Bonds............... 91 Mining Stocks Foreign Government Bonds.............. 92 Municipal Bonds—Domestic...... 111 ... Real Estate Bonds..... 91 Real Estate Trust and Land Stocks .... Industrial Bonds........................ 81 Industrial Stocks....................... 84 Public Utility Bonds. Insurance Stocks 99 Public Utility Stocks.................... 78 ................. Canadian Investing Companies Securities.......... 72 Quotations for all securities are as near as Page Railroad Stocks......................... 84 ... 84 93 Textile Stocks 73 Title Guarantee and Safe Deposit Stocks- ......... ................... Railroad Bonds... 67 71 ..............112 .............. United States Government — 84 . 84 Securities...... 91 United States Territorial Bonds—.......J 91 possible for the closing day of the month preceding the date of issue. F*j- The letter 4T' prefixed to bond prices denotes that the quotation is a flat price—that is, that the accrued interest forms part of the price, and therefore the purchaser does not have to provide for it separately in making payment. In the case of income bonds and bonds In default, the price Is always "flat," and no designating mark is employed to indicate the fact, by Quotations for equipment bonds Quotations for guaranteed stocks are are It should be borne in mind in the cases the kc figures are obtained from Thelfollowing abbreviations based on average maturities. "and dividend" that is the accrued dividend must be paid in addition to the price. use of these tables that the quotations for many inactive and unlisted securities are merely nominal, but in all sources which are considered reliable. often used, viz.: "M" for mortgage, "g" for gold, "gu" for guaranteed, "end" for endorsed, "cons" for consoli¬ dated, "conv" for convertible, "s f" for sinking fund, "1 g" for land grant, "op" for optional. are The black-faced type in the letters showing the interest period indicates the month when the bonds mature. NOTICE—All bond prices Bid Bonds BONDS Aberdeen & Ashe boro 1st 5s'40J&J / Adirondack 1st 4349 1942 gu M&S1 Akron & Barb Belt g 4s 1942. J&D Akron Canton & Youngstown— Gen & ref 6s 1945 erlesA-A&O / Gen & ref 5348 1945 ser B.A&O / are Mand interest" except where marked "f" and income and defaulted bonds. Ask RAILROAD _ Alabama Great Southern— Vicksburg Ry—__ 75 97 30 35 30 35 100 97 100 108 103 , lien 6s 1948 J&J/ Gen Income 6s Oct 1948...J&J / Alabama & 65 lH 75 1st M g 5s 1974 s rleu A—M&N 62 Albany & Susq 334s g 1946—A&O Alleghany Corp— 48 Coll tr conv 5s 1944—.—F&A 40 Coll & conv 5s 1949——J&D 25 Coll & conv 5s 1950 A&O. 5s stamped 1950 _.A&0 / 18 Allegheny Valgen 4s 1942..M&S Allegheny & Western— 1st mtge guar 4s 1998-—.A&O American Refrig Transit-— 4.50 Equip 5 >4s series E 1939—M&N » 4.75 Equip 5s ser P, G & H, *41-'45 b 32 X Ann Arbor 1st g 4s 1995 Q-JI Ark & Mem Ry Bridge & Term—< 1st M 5s 1964 M&S I54" Aroostook Nor 6s g 1947 A&O Atchison Topeka & Santa Pe— 100 Gen mtge gold 4s 1995 A&O 8734 Adjustment 4s July 1 1995 Nov 89 Stamped M&N Oonv g 4s of '09 due 1955. J&D Conv g 4b '05 due 1955..J&D Oonv g 4s of '10 due 1960.J&D 92 Oonv deb 4 34« 1948 .J&D Trans S L 1st g 4s 1958—J& 102~34 Oal-Ariz lst&ref4 34s'62 opM&S 97 Rocky Mt Div 4s 1965...J&J Athens Terminal Ry— . 30 1st g 5o 1937 J&J / Atl & Birm. See Seab'd Air Line Atlanta & Charlotte Air Line— 1st M 434- 1944 ser A J&J 71 lot M 5s 1944 ser B—.—J&J Atlanta Knoxville & Northern— 934 4 80 86 52 46 31 20 10334 1946—..J&D 4s Mar 1 2002—M&S 1st cons Atlanta Terminal 6s 1939...P&A Atlantic City 1st 4s 1951...J&J 1st 5s ext May 1 1954....M&N Atlantic Coast Line RR— 1st cons 4s JUiy 1 1952—M&S Oonv deb 4s 1939 op '16—M&N Gen onifser A 4Hs 1964—J&D 10-yr coll tr 5s May 1 '45-M&N Lou •% Nashv 4s Oct 1 *52.M&N Equipment trust ,4 34s. Eq4Hs 1939-41 B (yr)—F&A Atlantic Coast Line (Conn)— Irred ctfs of Indebt 5s J&D bBasis. 1st 95 15 20 1134 1434 A&O 32 102 95 3.50 4.00 80 71 88 64" 49 2.50 2.50 85 80 34 Augusta Union Sta 4s 1953--J&J Baltimore & Harrisburg Ry— 70 1st M West Ext g 58 1938-M&N Baltimore & Ohio— 100 1st M 4s g July 1 1948 1st M 5s July 1 1948 A&O 37 A&O 5-yr sec notes 434s 1939--F&A Conv g 4 J4s 1960 F&A Ref & gen 5s 1995 series A.J&D Ref & gen 6s 1995 series C-J&D Ref & gen 5s 2000 ser D-.M&S Ref & gen 5s series P 1996.M&S Eq tr 434s 1938-40 (yr)—.M&N Eq tr 4J4s *39-'41 C (yr)_.F&A 38 30 1 1st M 5s g Jan 1 1943 100 10034 102 90 97 H 9534 95 95 105 % 104 100 1st ref 5s 10854 104 99 34 Piscat Div g 5s Jan 1943..A&O St Johns Riv Ext gu 5s '39-F&A Van Bur Ext 5s g Jan '43.A&0 Washburn Ext 1st 5s '39..F&A Battle Creek & Sturgis— 104 104 104 J&D Bay City & Battle Ork 3s '89 J&D 40 48 Bedford Belt 1st 5s 1938 J&J Beech Ork Ext 3J4s> 1951...A&O Belt RR & Stk Yds (Indplis)— 1st ref goid 4s 1939 M&N Belt Ry of Ohatt 1st 5s '45..J&J Belvidere Del cons 3 34s 1943. J&J 107 104 1st guar g 3s 1989 46 54 80 99 34 10114 77 77 116 100 Equip trust 3 He Dec. 11938-46 2.75 10434 3.75 Birm Term 1st g 4s 1957 gu.M&S Bluff Point Land & Imp 1st 4s <'40 Boonvllle St L & 9ou 5s '51.P&A Boston & Albany 5s Oct '63 J&J 5s June 1942........ 5s July 1 1938 J&D J&J P&A 4 lis Impt 1978 1st mtge 4Hs ser A 1943..A&O 3 Hs Jan 1 1951 J&J Ref 314s 1952 89 70 95 98 100 75 80 77 27 80 74 74 30 30 30 30 27 30 70 70 5s April 1944 k Last tale. 27 27 n ..... Nominal. 84" 92 27 5s June 1945 5s Jan 1946—.......... 2.75% 10 N Y O..A&O ... 106 85 Boston & Maine (new) 5s Sept '41 4s-5s April 1947 gu 2.25% 60 80 J&J 22 22 2234 4.50 5.25 5.25 21 25 5.00% nS* 95 10 5 15 87 90 95 98 Con 1st & coll tr 5s g '34—A&O / Certificates of deposit-; / Butte Anaconda & Pac 5s '44 F&A Cambria & Clearfield— 1st 5s g 1941 J&J Gen M g 4s 1955--. F&A Cambria & Indiana— 15 100 78 J&J Buffalo Rochester & Pittsburgh— Con g 434s 1957 M&N Equip trust 5s 1938 J&D Buff & Susquehanna RR Corp— 1st 4s Dec 30 1963 J&J Burl Cedar Rapids & North— 1 24 20 6.00 78 17 34 6.50 60 18 5.50 70 71 81 X8iH 96 99 Canada South 5s 1962 ser A.A&O Canadian National Ryg— 75 101 Equip tr 234s 1938-1947—M&S 1961 27 Eq tr 534s 1938 M&N Canada Atl Ry 1st 4s 1955--J&J Bessemer & Lake Erie- Big Sandy Ry 1st g 4s 1944..J&D Birmingham Southern— M&S M&N A&O Equip trust 334s Dec 1 1938^14 Eq 434s 1938-1943 (yr) A&O Equipment trust 5s Boston & Maine (old)— 4s Aug 1942 P&A 3s July 1950 J&J Eq tr 6s 1938 (year) J&D Boston & N Y Air Line— Buffalo Creek 1st 5s 1941 30 J&J J&J _ Brooklyn & Montauk— 2d (now 1st) glold 5s 1938-J&D 3214 2734 Bangor & Aroostook— Cons refund g 4s 1951 4s stamped 1951 27 27 Gen mtge ext 6s 1938 J&J15 Boston Term Co 334s 1947—F&A 4s1950 J&J 7.50 Ask 27 ... .... 1st mtge gu g 4s 1955 F&A Bost & Prov deb 5s July 1 1938 Boston Rev Beach & Lynn— lstm 4 3is Juy 15 1947—J&J15 it* Refund gold 4s 1941 M&N 8 W Div 1st 5s 1950 J&J Toledo & Oin Div 4s 1959-J&J 39 10034 65" J&J 1941 Bid Bonds Boston & Maine (new) Concl— 5s May 1943 5s March 1942 5s Jan 1943 5s May 1940 1st m 5s 1967 ser AO 1st m 4s 1955 ser 2 1st m 45is 1961 ser JJ 102 1st mtge gtd g 5s /This price includes accrued interest. gu g 91 6s 1947—A&O mtgegu g 48 1949-. Aug Term 1st Ask Pittsb Lake Erie & W Va— 72 . 1st mtge gold 5s Bid Austin & Northwestern— 1st cons g 5s 1943 ser A...J&D 1st cons 4s 1943 ser B——J&D Prior 20 , ^ Eq trust 5s ser G 1938 A&O labama Tennessee & Northern— 15 Bonds Atlantic Coast Line of S O— Gen 1st g 48 July 1948 J&J Atl & Danville 1st 4s 1948—J&J 2d g 4s 1948 J&J Atlantic & Yadkin— 434s 4348 4348 1957 J&J 1951—.......M&S 1956..— F&A 4 ns guar 1955 J&D 15 40-yr 5s guar 1970 ..F&A 5s guar July 1 1969—..—J&J 5s guar Oct 1 1969—..A&O 5s guar 1954 —F&A 16-year guar 3s 1950 J&D 13-year guar 3s 1950—J&D Guaranteed 3s 1944 ..M&N Guaranteed 2s. 1938 ..M&N 7-year guar 2s 1943 F&A 4-year guar 2s 1942 J&J 17-year guar 3s 1953—..F&A Eq tr 434s 1938-1942 (gu) M&N Eq tr 434s 1938-45 (ann).J&D Equipment trust 5s.. Canadian Northern— B F deb 634* 1946. J&J guar guar guar 10334 101 101 12134 12134 68 BONDS RAILROAD bond prices are "and Interest" except where marked "f" and Income and Quotations for all securities are as near as possible for the closing day ot the month preceding NOTICE—All Cons deben 4s 22 1943- 94 K perpetual—J&J 73 Vs 77 1940—-M&S 98 1944—-J&d 15 -J&J 95 H Coll tr 4Ks 1960 96* 88% 100% M&S 16-yr conv coll tr 4s 1949--J&J Conv coll tr 3%s 1951-—F&A Conv coll trust 3s 1945—A&O 91 87 H 87 - 96 % 1941 Eq tr 5s 1944 J&J 111K Eq tr 4Kb 1938-1945s-a-j&d 6 3.20 Oaro Cent 1st g gu 4s 1949-_J&J / 35K Oaro Clinch & Ohio 5s 1938-J&D A—J&d 15 Carthage & Adirondack— 1st mtge guar g 4s 1981 J&D Catawissa RR g 4s 1948 A&O 1st cons 08 1 952 ser Cent Ark & East 1st 5s Cent Br Un Pac 1st g 4s 1940-J&J *48_-J&D Central of Georgia— 1st M g 5s Nov 1 1945 [ i : i 98 101 91% 88 K 88% 96% 112% ?&A M&N B_ A&O 6.50 .,1st ref 4s g guar 1st g guar 4s Oct Guar g 5s 1960 25 22 K 10 18% 35" tr 5s Central b 5.00 1947 JLiUUIO Ok 15 15 59% 63 Guar . „ 44 Consol gold 5s 1952 M&N Incinnati Hamilton & Dayton- 102% 102% 100 , 41% 63 55" 87 QQ 3/ 1st consol gtd 4s / 98" 100 98 gold 1993 102% Gen M 5s ser B 1993 86 K 114% 88 K 88% io5" 101 100 K 100 101% notes, J&J J&J J&J 1944————J&J 1945————J&J 100 lOi" notes. 1946 -J&J 100 K 101% 1941 Equip tr 2s 1939-1947 M&S Eq tr 2%s 1938-1946 J&D Eq tr 3s, 1938-1950 A&O Eq tr 4 Kb '38-'40 (yr)—-A&O Eq tr 5s 1938 .yr).-„..M&S 15 Craig Valley 1st 5s g 1940-J&J Grain Elev 1st 4s 1938 A&O Paint Creek Br 4s 1945 F& A Potts Creek 4s 1946 J&J R & A Dlv 1st con g 4s *89-J&J 2d con g 4s 1989 —-J&J Warm Spr Val 1st 5s g '41-M&S Chesterf & Lancaster 6s 55.F&A Chicago & Alton RR— Refunding g 3s 1949 A&O Chicago Burlington & Quincy— 2 60 2.75 ft 2.90 6 2.00 6 1.50 107 K 1 sts f 4Kb 10" 16 89% 95% 95% 100% 2.00% 9 83 70 — 15% „ 16% 5.00% 91 70 Chicago lndlanap & LouisvillerH RerM g 6s 1947 series A—J~Ref M g 5s 1947 series B—J&J H Ref M g 4s 1947 series 0_—J&J 1st & gen 58 1966 series A-M&N 1st & gen 6s May '66 ser B-J&J Monongahela Coal— Noih urn iuc 5 1955(w-s) / 21 Chic Indianapolis & St Louis— 74 Short Line 1st 4s 1953 A&O Chic June RR 1st 4s 1945—M&S 96 K Oblc June Ry & Un Stk "ids— Coll tr ref 5s 1940 A&O 103% Coll trust ref 4s 1940 A&O 102 K Chicago Lake Shore & Eastern— 1st M 4Kb 1969 opt 1919.J&D 110% Oblc Memp & Gulf os 1940—J&J 20 Chic Milw & Gary 1st 5s '48-A&O f 6 OO 1 tTjlTfl —. 13 12 13 7K 5K 23 98" 6 msis. 7K 2% / 20 K 6 6~.75~ 6 6.75 6 6.75 ft 6.75 3.25 100 29K 104K 100 100 J&J Rivers 1943 30 A&O M&S 25" H) deb 4s *54-J&J J&J Deb 4s 1955 A&O Deb 4s 1956 guar J&J Copper Range RR 1st 5s '49.A&0 Cuban Nor Rys 1st 5%s, *42 J&D Cuba RR 1st g 5s 1952 J&J 7Kb extended to 1946—.—J&D 6s extended to 1946 J&D Imp & equip 5s 1960 M&N Danbury & Norw ref 4s 1955.J&J Dayton Union Ry 1st 4s '49.J&J Del & Bound Br 3Ks 1955..F&A Delaware & Hudson—_ 1st & ref gold 4s 1943 M&N Delaware Lackawanna & Western Equip trust 4s Apr 1 1938-'49— 105K 103 K 112% IV/ 80 1978 ser B.-A&O Eq tr 4Kb 1938-'42 <yr)__M&N Equipment trust 5s Equipment trust 5 Kb '55—F&A plan Assented subject to 24 24% 30% 5.55% 107 112 15" 11% 15 K 8 \lH IYA f 13% Jan 1 I960-An Apr J&J Ctfs of dep for gtd 4s 1935. J&J L»es I'lainos Val 4Kb 1947..M&S 1st lien & ref M 91 5K81938-A&0 80 M&S J&J Ga & Ala 5s Oct 1945 J&J Ga & Ala Term 1st g 5s 1948-J&D Georgia Carolina & Nor— Ext at 6% to July 1 1934... / Georgia & Florida RR— 1st M 6s 1946 series A M&N 15" 15 14 3K 3K 5 112 95 27 15 5.50 102 35 35 106" 102 69 Pacific— 96 K 85 J&J (Mountain and Pralrie)4s 1955 (Lake Superior) 4s 1955 1st 48 Feb 25 '39 Alb gu—M&N 1st 4s Feb 15 '42 Alb gu..M&N Gen 4s 1962 Can Govt gu—J&J 15 34 1st g gu 4s $ July 1 1950 J&J Eq tr 5s Dec 14 1938-'43 «yr)_ Grays Pt Term g 5s 1947 J&D 40 44 38 % 32 34 91 97 , 93 K 102 K Great Northern— 34 33 . 1st & ref g 4 Ha '61 opt Gen M 5 Kb 1952 ser B Gen M 5s 1973 30 100 101" 99 30% 32 Gen 4Kb Gen 4Kb ser '41-J&J 4.75 4.25% J&J J&J 1976 series D 1977 series E Gen mtge 4s ser G 1946....J&J Gen mtge 4s ser H 1946 J&J 4% 4K 5 4K 6% 5.00% Eq Eq Eq Eq tr tr tr 3%s ser I 1967--J&J 2s 1939-1947 —M&S 4 Ks 1938-1939 M&S 4 Ks 1938-1940 D<yr) J&J 5s 1938 «yr) ..M&S tr Western Fruit . 6.00 6.00 6.00 S.00% 5.00% 9% 10 15 54 95 15 4 98 K 71 71 ny> 64 2.75 1.75 2.00 1.50 <yr)J&D 2.25 Eq tr 4Ks 1938-1940-J&D Greenbrier Cheat & Elk— 2.50 Eq 5s J'ne lo'38 '39 J&J W Va Midland Ext 5s *54.J&J Greenbr Ry 1st g gu 4s '40-M&N Green Bay & Western— Debenture ctfs A 80 78 104K 45 Feb.... Feb Guantanamo & 3 90 Express— Debenture ctfs B 57 84 4.50 —J&J ...J&J C Gen mtge ft 3K Henderson 6K Western— J&J 1st M 6s 1958 series A 18 Guayaquil & Quito 1st 5s '32 1995-J&D 37 37 53 J&J2 6 Gulf Mobile & Northern— 1995—J&D Det & Mack 1st Hen 4s 1st 5K8 1950 ser B 1st 5s 1950 series O Gulf & Ship Island RR— 1st ref & term g 5s Feb — 15 14% 15% IK IK Proof of claim filed Grand Trunk Western— J&J 14 14% J&J g 2nd Mort. gold 4s 1982 (Nov *32 and May '37 coup) 20 Den Moines & Fort Dodge— 5.50% 5.50% 5.50% / / / g con Inc mtge 6s 1st 4s 1950 30 2% Proof of claim filed Amended 1st con 4Kb 1st 58 1944 con 4s 1936 4Kb 1936 Denver & Salt Lake Ry— 24 15 < ■ Gen ref gold 4s 1950 J&J/ 1st cons ref 4 Ks '52 opt--M&N Grand Trunk Rio Grande— 1st 23 K 69 J&J / Certificates of deposit Georgia Fla & Ala 1st 6s '52. F&A Georgia Midland— 1st g 38 1946 A&O 2.25% Ga RR & Bkg ref 6s 1951 A&O 4s Jan 1 1947 J&J J&J 30% Ga Sou & Fla 1st g 5s 1945 Deb 5s 1952 A&O Eq tr 4Ks 1938-1939s-a_-M&N 109 % Girard Point St'ge 3 Kb '40—A&O Goshen & Deckert'n 1st 5 Kb 1978 2nd ext 6s 1979 M&N Gouv & Osw 1st 5s g 1942 J&D Gr R & Ind 1st 4Kb 1941 J&J 1st 3Ks 1941 J&J 101% Grand River Valley 1st 4s 1959— 105 Ref & lmpt 5s Denver & 3% 72 Denver & Rio Grande Western— 7% 2% 4 85 -..-J&J 1945 Fonda Johnstown & Gloversv— 1st M 3s 1962 Mar 15 '51.M&8 15 M&S Consol Rys <N Deb 4s 1955 if* / This price includes accrued Interest. 1944 1st fr ilK 1 US 66 Connecting Ry <Phila)— 7K 48 Genesee River 6s 1957--. 41 1980.-M&N 1940—F&A Connecticut & Passumpsic 1st gold 4s 1943 - 30 58 gold 1943— Galveston Term 6s 1938 B—J&J Valley— gold 4s 1948 A&O )lumbus & Toledo— 1st ext g 4s 1955 F&A Concord & Olaremont— Chic Milw St Paul & Pac RR— / / 106% 39-'52 M&S Gen income 5s Aug 27 J&J f '59-J&D / M&S / Certificates of deposit-f Eq 4Kb '39-'4l H is-a)—M&S cons Florida East Coast 4Kb 1st & ref 5s 1974 - 100 Ext • 87 Eq 4Kb '39-'41 LL (s-a)— M&S 87 Eq tr 4Kb 1938-'43 (s-a)_-M&S 87 Equipment trust 5s 87 Equipment trust 5%s J&J / Erie & Jersey s f 6s 1955 Erie & Pittsburgh Gen gu g 3 Ks ser B 1940—J&J 102 K 3 Ks series C 1940 J&J Galveston Houston & RR— 1951 A&O 103 73 1st M gu 48 10* M&N 106% Columbus & Hocking 1st 5s 10K A&O A&O — Fort B—A&O 1977 Beries O—A&O General mtge 4%s Col & Pt Deposit 4s 32* Certificates of depositDodge Des Moines & Sou— 1st 5s 1938 J&D / Fort St Un Dep Det 4Ks *41 J&J 99 76 Equip tr 2 %s ser 1953 1953. Ref & imp M 5s 1967 Ref & lmpt M 5s 1975 100 A—A&O Conn River gold 4s 6.00 ser B J&J J&J A—A&O 1996 Prior lien gold 4s 85 Coal Riv Ry 1st 4s gu 1945-J&D Colorado & Southern— 1st 5s 9 8% 7H 63 60-yr 5s 1975 series A F&A Conv adj 5s Jan 2000 A& ~ Chicago Milwaukee & St Paul— Gen g 4s A May 1 1989 J&J Gen g 3 Kb B May 1 1989.J&J Gen 4Kb May '89 series CLJ&J Gen 4Kb May '89 ser E J&J Gen M 4%b May '89 Ser F J&J Equip trust 3%s 1939-53A&0 Eq 4Ks'38-"43 E & F <yr).J&J Eq 4Kb '38-'41 G & H <yr) J&J Eq tr 5s '38-'4C ser B <yr)_F&A Eq tr 6%s 1938—...—A&O Chicago & North Western— Gen M 3Ksg 1987 & Gen M gold 4s 1987 M&N Stmpd non-pay Fed lnctax.. Gen M 5s '87 stpd inc tax.M&N 1981 s linchfield 15 6 s f 5 Kb 1972 series lBt M s f 5s 1973 series 95 K Equip tr 4Kb "A" 1945—A&C Chicago & Illinois Midland Rv- 82% '90 M&N 102% 1st 113" / 46% 100 1st 4s gold guar 1995 M&N leveland Union Terminals— \°oiM Eq tr 2 Ks 1938-47 A&O Chicago & Eastern 111 mew co) Gen M 5s May 1951 M< / Certificates of deposit— f Chicago & Eastern Illinois— f 97 leveland Terminal & Valley— 108 100 6 2.75 44 % 106 K Gen & ref 4 100K 105 K IV/ 1949 108 Ser D 3H8 gen gtd 1950—F&A Gen & ref 4 ,s 1977 ser A.F&A 2.00% 2.00% 1.20% 1.00% 95" 1 58 Ser A 4Kb gen gtd 1942—J&J Ser B 4Kb gen gtd 1942—A&O Ser B 3Ks gen gtd 1942—A&O Ser C 3 Kb gen gtd 1948—M&N 2 00% 6 f 70 leveland & Pittsburgh— ft 1965 Florida West Sh 5s 1934 Spr & Col Div 48 1st g '40-M&S White W V Div 1st 4s *40—J&J 102 100 % 100 M 5s stamped 1st g guar 48 104% Ref & Imp 4Hs ser E 1977-J&J Cairo Div 1st g 4s 1939 J&J C W &M Div 1st 4s g '91 —J&J St L Div 1st col tr g 4s A&O 1st & ref 5s 1965 Florida Southern— J&D 4s July 105% 75 J&D 104 K 1942 1943 104 75 -A&O 2862 Florida Central & Peninsula— 108 K 1st cons guar g 4s 1940—F&A lev Cine Chic & St Louis— — 5s — J&J 104 % m— notes, 31" leveland Akron & Columbus— General 4s 106K 101 Erie— 1st 92 1957 gu—J&J Chesapeake & Ohio— 1st cons g 5s 1939- — ——M&N General 4Kb gold 1992—-M&S Ref & imtp 3 %s D 1996--M&N Ref & .nipt 3 Kb ser E 1996 F&A notes, 1940 J&J notes, 18 — 101 % 96 1951-J&J 1943 102 K El Paso & R I 1st gu 58 1 951-J&J El Paso & Southwestern RR— Series , 1st gtd 5s British & Series D Incinnati Union Term Co— 3.25% 70 A&O Columbia Ry 4%s 1944—A&O Elgin Jol & East 5s 1941---M&N 77% 50 1st mtge g 5s series C '57-M&N 1st M 3 Kb ser D 1971 M&N learfield & Mahoning— 90 75 M&N Ry of Minnesota— 30 25 -A&O Eq tr 5s 1938 <yr). " M&N 1st extended 5s 1965 East Tenn Va & Georgia— Consol 1st g 5s 1956 25 1942 M&N 1948—F&A In Northern RR 1st 4s j Eq tr 5s Dec 14 1938 *44 «yT) — b 4.50 88 Char & W Carolina 5s 1940- - A&O Chatt Rome & Sou 1st 5s '47 J&J / 35 notes, 103% 105% 100% 101% in N O & Tex Pac Ry— 66 < 103% East Tenn & Western N C— 74% 'inc & Musk Val 4s 56 RR of South Carolina— notes, * Incinnati Lebanon & Northern— 65 40" 80 M&S 1958 1st 4s Gen lien gold 4s, 1996 Conv gold 4s 1953 ser 1942 J&D 1965-M&N ?&A Penn . lstmtge3%8 8er E 1963—-J&J Guaranteed 3 Kb 1951—M&S hlcago & Western Indiana— Consol gold guar 4s 1952—J&J 1st & ref M 4%s D 1962—M&S hoc & Memph 58 1949 J&J hoctaw Oklahoma & Gulf— General 58 gold East Income 53 50 —--A&O 1963.—J&J 1944. 4s 1st M 4s series D 15 Dutchess Co RR 4Kb 1940.-J&D Williamsport— 1st 6s 1910 ext at 4% 1950-J&J 1960—M&S hlcago Union Station— 55 J&J Duluth South Shore & Atlantic— 1st gold 5s 1937 J&J Elm Ira 75" 1 *60 opt J&D Dec 1 lnc mtge 5s 97 105K Duluth Mlssabe & Iron Range— 1st mortgage 3Ks 1962—A&O Nor Div 1st g 4s 1948 Edmonton Dub vegan & 61 55 J&D Dexter & Piscataquis— 1st 4Kb 1949 Eastern 83 80 V 1st 4s 1951 Div 3 In Ind & West 1st 5s 1st ref 6s 1937-1976 Central Vermont Ry— Chattanooga Sta 4s M&N 4Kb 1960 conv A&O P&A 1942—M&N ext'd to 22% 22% 4.00% -J&J European loan 4s 46 -—M&S / Central Rli & Banking of Ga— Coll tr g 5s 1937--.-M&N Coil 7% 3% 1st & ref g 5s Dec 5K 5.00% 5.00% 5.00% 1987-J&J 1949— 11954 8 5% hie Terre Haute & Sou«uu«>» Central of New Jersey-— (yr)—F&A 6K 5% 6 10 ff .L M Oconee Dlv 1st 5s 1945——J&d Cent New Eng 1st gu 4sl961 J&J ff 2I 47 hlcago Term 1st jet 4s ' 6 6.50 18% 14% 4% 50 b 6.75 M&S Con g 5s June 15 '51 —J&D Con g 3Ks June 15 '51-J&D Mem b i 7% 9% 4% 6.25% 6.25% "5% Trustee ctfs 3Ks 20 r 1st 5s Mar 1 1964J&J Detroit & Toledo Shore Line— 1st gold guar 4s 1953 J&J 11 - UlUctftU Ql) "§" 15% - Sec 4Kb 1952 ser A Sec 4 % ser A certif of dep 7% ff 1 st guar 4 Ks 1961 M&N Detroit Toledo & Ironton— 14 Ref g Certificates of deposit 40 12 15% 23" 15 deposit——— 4b 1934 opt to 1911 A&O 100 Eq tr 5s 1938 iyrly) J&D b 6.50 Chatt Div gold 4s 1951---J&D Macon & Nor g 5s 1940—J&J Mid Ga & Atl 1st 5s 1947—J&J Mobile Dlv g 5s 1946 J&J Eq tr 4Kb 1938-'4l Central Pacific— taxM&N 30-yr ff Detroit Term & Tunnel— . . 100 Bid Bonds Ask Bid TT UOUUI U I V/H. Certificates of 40 Cons gold 5s 1945 Ref & gen 5 %s 1959 ser Ref & gen 5s 1959 ser O—A&O Gen M mow 1st) g 5s Gen M 4s 1987 nui vu Eq 5s 1938 O <yr) J&D Eq 4Kb '38-'42iyr)ser A.M&N !hic R I & Pac Ry— General gold 4s 1988 J&J 2.50% 104" Eqtr4Ks,39-'40serP<yr)M&S Eq tr 4Kb '38-'40serQ<yr)M&N : uk GenM4Ks'87 stpd inctaxM&N 16-year 6Ks Mar 1936 M&S 1st & ref 5s May 2037 J&D 1st & ref 4Kb May 2037.-J&D 1st & ref 4Kb May 2037 O J&D <Aonv g 4%s 1949 ser A M&N !!M 94 Conv coll tr 6s 1942 Coll trust 2Kb uiuaftu GenM4 %s'87 stpd lnc 1954 8f4%s Dec 15 C 97K 20-yr coll tr 4%s Coll tr 58 Bonds Ask Bid Bonds Canadian N W 4 %s Oct Oanadian Pacific— defaulted bonds the date of issue A&O A&O '52.J&J 55 Stmpd 'July 1 1933 cpn on). Gulf Terminal of Mobile— 1st mtge g 4s 1957 gu * Last sale. » Nominal. J&J 50 69 BONDS RATLROAD April, 1938] interest" except where marked "f" and income and defaulted bonds near as possible for the closing day of the month preceding the date of issue NOTICE—AH bond prices are "and Quotations for all securities are as Bid Bonds Harl R Portch—See N & Y Bid Bonds Ask H & Ha rtford. N luuj1u lolft » vuwaivvvv 90 fm 1039 106 97 % 1 38 Hocking Valley Ry- ibblu 6 r& Holidaysburg Bedford & 1st M g 4s 1951 guar Holyoke & West 4Mb 1951 1.50 1.75 115M 1.00% 1 Housatonic con 5s 1937-— Hudson & Manhattan— If 20 36 12 44% 12% 35 ong 38 >/ )/ , 77% 85 95 35" 38 [ 32 M 35 [ 40 M 47 40 —II 50 Jt 1st ref M (IC&CSL& 29 29 lb Eq tr 3s ser 4.75 b 4.75 b 4.75 b 4.75 b 4.75 76 R 1938-1952. 63 2d 4.00% ] [aeon Dublin & 80 09% ) r 100 r 104 r gold 4s 106 J 1950 if Indianapolis Union— Ref & imp M 3 Ms ser B 'I Internal Great North Ry- — 3 1 / If If b ) 13 H 3 11% H% 5.50 i 73 77 I 80 > 15 3% 18M 14 5.00% 76 78 85 102% f 3/ 6 5 1M 2% )/ 6 ext at 102 M J J July 1 1967 102 95 99"" 97 - I rank & Cleartleld- lst g 4s 1959 guar Joliet & Northern Inu 4s 1st 93 70 56 1957 J& J Joplln Union Depot Co— 40 35 45 116 104 > J 95 104 J 105M N of J 6s 1st 5% 52% 79% 89 97" 99 97% 70" 3§* 12 96" 14 22 % 8/ 24 71"" 1941-J&J Minneapolis Northfield& Southern Ry 1st 6s '41 _ .M&S 1950 Ref & Impt 58 Apr 1 1950Eq tr 5M« 1938 (year)„_: Eq fcr 38 F Jan 1 1939 43. Kansas City Terminal Ry— 1st g 4s 1960 opt 1930 Kansas Oklahoma & Gulf— 1st M 5s 1978 lf 55" lb 2.00* b . J 3.50 104 % 70" 64 % 40 1.25% 2.50% 15% 105% 1st ref 5Ms 1978 ser B 25-year 5Ms 1949 Secured notes J 80 mmmmmm Kentucky & Indiana Term RR J 1st M 4H® 1961 (sterling) _J&. Acer int at excb rate 4.8665.. 1938—F&A Eq tr 4s 1938 s-a J&D15 M St P & SS M & Cent Term Ryf 4e '41op'16. M&N Minn Terminal 1st 3 Ms '50--J&J lst Ch Ter J 5b 85 51 94% 55 55 15 14 15 RR cons 4s 1951 J 1961. IIII Mo-Illinois 95 Plain 95 Mo Kans & Okla 5s 1942 95 99 % Lake Erie & Western RR- 1959 J&J J&J M&S Missouri-Kansas-Texas RR— Prior lien 5s 1962 ser A....J&J ser B J&J 1978 ser D.J&J Adj M 5s Jan 1967 ser A..A&0 Ih-ior lien 4s 1962 T O mmm* J Lake Shore & Mich RR5s 80 4 7 91% J 92 M J Eq tr 2 Mb 1939-1952 80 Mo Kan & Tex 94 1st F&A 1M 3 J 104 1st & ref 5s 1977 ser F—M&S Certificates of deposit J 85 88" " \ 31 40 Navigation- 1st mtge 5s 1954. Lehigh Valley— Certificates of D 60 J 55 60" " y 58 62 s' 12 12M 1 10 15 « 16 18 1st 4V4s f Lehigh vail J 28 J 41 Lehigh & N S ) b Basis. 37 M 59 % J* 3M 96 4.00 60 11" 29 M 29 % 3.00% 73 25 Conv g 5 Ms 1949 ser A—M&N Secured 5%s 1937-1956—-J&D Mo Pac (old)—Gen 4s 1975.M&8 3d 7s ext to July 1938 at 4% M&N 115 k Last sale n Nominal. 11M fill 85 90 32 40 47 A&O A&O A 4754 1st 5s 1954 series B 15 II* If* 23 Certificates of deposit 1st M 5Ms 1954 series A..A&O Certificates of deposit F&A F&A 23" 29 % 37% 29 M sg» 5.50 5.00% _ noM 30 57 58 M 39* 41 45 Ref & impt 5s 2013 O A&O 10-year 3%b sec s f 1946--A&0 3 Ms conv secured 1952 M&N Hud Riv— Ref g 3 Ms July 1 1997—J&J Deb 4s 1942 tax-exempt--J&J Ref & ref 4 Ms ser A 2013 A&O 65 68 M 54 55 New York Central & Si* 78 40 39% 54 M 55 M 62 57 M —-.M&N 1st 4s ext g 1947-2d ext 5s 1939 3d mtge 4 Ms M&s M&S 1938 99 3.00 2.00% 3.00 2.00% 2 75% 2.75% 3.75 3.75 79 M 32 30 30 12M 3.50% 48 M Guar g 58 1946 N Y & Har 1st g 3Ms 5~.75~ 5.75 5.50 16* 16M 15 3 4 5.50 5.50 4 68M * 62M 4.60% 4.60% 4.00% 100 100 H 103 M 106 IS* 80 8 96M 75 M&N / 2000—M&N J&D 15 25 100 N Y & Hob Fy 5s May '46 N Y Lack & Western— 38 1973—M&N 1st & ref 4 Ms 1973 ser B--M&N New York & Long Branch— 65 91 1st & ref 4s ser A General gold 4s 1941 General 1st 5s 1941 90 —M&S NY & NE Bos Ter 4s 1939. - M&S A&O 95 99% N Y New Haven & Hartford 15 It* \VA 34M 34 % 28 % 32 % 27 M N Y & Greenwood Lake 30 10 % 4.25 deposit 1st & ref 5s 1981 ser I F&A Certificates of deposit- 44% f Price Includes accrued Interest, ser Equip trust 5s 1939 "40(yr)M&S Eq tr4Ms *38-'44 F(yr)—M&N k 99M 17 Deb 6s Jan 15 *48 conv..J&J15 16 H 17! Deb 4s May 1 1957--- —-M&N Deb 4s July 1 '55 non-conv J&J Deb 4s 1956 non-conv M&N 5M 17j ls% Deb 4s Deb G—M&N Certificates of deposit 1st & ref 58 1980 ser H A&O 1st & ref 5s 1978 ser 98H 9% 5% 17 45 & ~6" 98M New York & Erie RR— 3 85 48 See Industrial bonds. Lehigh & Lake Erie 4 Ms '57_M<! S Lehigh & New England— Coal Non-cum inc 5s '35 50 2% 1 (old company)— gold 48 1990 J&D Mo Pacific RR (new company)— 1st & ref 5s Jan 1965 A F&A Certificates of deposit Lehlgh J&J / Extended at 5% 1940 M&N Ref & impt 4 Ms 52 ser A J&J New Orl Term 1st 4s 1953--J&J Spuyten Duyvil & Pt Morris— 3 Ms 1959 J&D N Y Cent equip trusts— 5s 1938-1939 J&D 4 Ms Mar 15 1938-'39 --M&S 4 Ms 1938-1945 M&N 2 Ms Mar 15 1939-1952 N Y Chicago & St Louis— 1st 3 Ms extend 1947— A&O 3-year 6s Oct 1 1938 Ref 5 Ms 1974 ser A A&O Ref 4Ms 1978 ser O M&S 10-yr coll tr 4s 1946 F&A Equip tr 4 Ms 1938-'44 (yr)F&A Equip tr5s 1938 (yr) F&A Equip trust 3s July 1 1938-'51 New York Connecting RR— 1st M 4 M* 1953 series A F&A 1st guar 5s 1953 series B F&A Prior Hen 4Mb South- 95"" 3 J&J - 2032 L S coll tr g 3 Ms 1998 F&A M C coll tr g 3 Ms 1998—-F&A 40 s Minn Transfer Ry 3%s 1956-J&O Missouri Illinois Bridge and Belt 107 5s 31% 25~" 9 Cons mtge 4s 1998 ser A.-F&A Ref & impt 4 Ms 2013 A—_A&0 35 60 M cons deb 65 39M New York Central RR— J&J M&S cons ff New Lon Nor 1st 4s 1940 J&J New Orleans Great Northern— 53 7% 5M 7% 30% 3M cons 1st 1st 2M 15 f- 41 gold 4s 1938—...J&J gold 5s 1938 J&J 5s 1938 gu int J&J 2d M gold 48 guar 1949—J&J 1st ref 6s 1946 series A——J&J 1st 1938 35 15M ; Minneapolis & St Louis— 1st 7s '27 ext at 6% 1932--J&D f 1st consol gold 5s 1934—M&N 100 ~1% 24 M N J June 1st 4s gu 1986 F&A N J & N Y 1st ext 5s 1950—M&S 50 Valley— 5s 1943—A&O .Sept f Adj M Apr I '53 ser A Sept Adj 5s series 3 1953 Sept—.— / Milwaukee & Northern— 1st ext 4 Ms 1939 —— Con ext 4 Ms 1939 Cons 6s 1913 ext at 4M% to 1934 (1884) J&D / 1st refdg gold 4s 1949 M&S Ref & ext 5s Feb *62 ser A.Q-F Certificates of deposit 22 Kan City Sou—1st g 3s 1951 M&N New Eng cons 4s 1945 gu J&J Consol g 5s July 1 1945 J&J N Hav & No Ham 4s 1956 guJ&D receipt No 4 on Naugatuck 1st 4s 1954 Equip trust 4 Ms Newport & Cincinnati Bridge— 1st M g 4Mb 1945 guar J&J Newport & Richfor Is 5s 1941 1910 Certificates of deposit...— ff off.-1951 Assent cash warrant and scrip 1st 5s 1956 series O 1st M 4Mb 1956 series D Minn St P & Sault Ste Marie— 5/ coupon 2M 1% New Orleans Texas & Mexico— A&O 100 84" J April 1914 Income 13% 103 98 M *26 f 4s(Apr 1914 coupon on) 1951 50-year 1st 5s 1983 5% to 1940 Mil&State Line 1st 3M» Kalamazoo Allegheny & J Grand Rapids gtd 5s *38t Kal & Sou Haven—See Mich Kalamazoo & White Pigeon RR con New Orl & Nor East 6s 1915 70 * 1st 25 35" , J& j of Mexico— 80 M&N 1942—M&N lidi RR 4% franc bonds (Foreign series) 1960 J&D Midland - RR 90 Sept 1914 coupon on 1977.M&S Sept 1914 coupon off 1977 M&s 4s Asst(cash warr & coup) .1977 lichigan Central— Ref & impt 4 Ms 1979 ser O. J&J Jackson Lansing & Saginaw 1st 3Ms Sept 1 1951—M&s 1st 5s Kal & S H 1939 M&N 1st Mtge M Air L 4s 1940-. J&J 1st g 4s Jol & N Ind 1957-J&JlO 1st gold 3Ms 1952 M&N 3 scrip receipt No 5 on 1977- 4.00% 4.00% iexlcan International— lidland Jackson Lansing & Saginaw— See Michigan Central Jacksonville Terminal— fL Assent cash warrant and 4.75 - Ilddlesex Val 1st 5s Jacksonviile & Cainesville & 2M scrip receipt No 4 on 1957- 75 44 1st g gu 5s Nov 1 1959—M&N ieridian Term 4s *55 guar.M&N 62 J 6c ft 1957 July 1914 coupon on 1957 July 1914 coupon off 1957 General 5s Jan 1 America)J 2.75% Prior lien 4 Ms assent cash warr't & scrip ret No 4 on •. 93 If lst M 5s 1956 series B. Jamestown 48 20 j 65 3.50 4.75 ser--J&J 1st gtd 3 Ms 1941 ----J&J ' laryland & Pa 1st g 4s 51-M&S 1st cons a 6s 1963 ----A&O 90 61 M&S 84 J&D I960.J&D Philippine Govt gu. Indianapolis & Louisville— Internat Rys (Central tit* 60 43 52% Gtd gen s f 4s (Apr '14 coup on) 109 Indiana Illinois & Iowa— 1st 44 Equipment trust 5s Equipment trust 5 Ms—-- — t a» »oa tuttvt ii_ 50 M 35" F&A 82 4s 1939 ext to 1959 Indiana Harbor Belt RR— 35 100 April 1914 coupon off 1977— coll 4s ser A *45 1st mtge & 25 80 Eq tr 2Mb 1939-1952 Rys of MexicoPrior lien 4 Ms— National Indiana Blooniington & W ester n- A& 76 M J&J Conv gen 4Mb ser A Secured 6s 1959 1st 120 National 92 90 lst ext 4s 1940 85 111M ] 72% 74 % i . 104 Savannah—_ 1947 1st 5s 115 1st M 48 1978 ser A 80 1.25% 113 102 101 Assent cash warrant and Ry Joint Monon coll gold 4s. 1952 J&J '52 gu J&D L & N Term 1st g 4s 81% 09% r . Southern 4.25% 4.25% 84 —%. 45 Chattanooga & St L— Jan 1914 coupon on 60 M mtge 3s 1980 M&S Mob & Mont 4Mb 1945—M&S 4.25% 4.25% i St Louis Div 3%s g 195] St Louis Div 3s g 1951. Nashville 105 Pad & Mem Div 1st 4s 68 M&S 2002—M&S 1st guar g 4s 1991 Consol gold 3 Ms 79 90 1~75~ 18 % Mohawk & Malone— 79% 106 M 99 11% Montgomery & Erie 1st 5s 1956— Montour RR 1st 5s 1963 F&A Morris & Essex 3 Ms 2000 J&d Constr'n 5s 1955 ser A M&N Constr'n 4Ms 1955 ser B.M&N 100 M 75 99 96 Montana Wyoming & Southern— 1st mtge gold 5s 1939——M&s Montauk Ext 1st 5s 1945 J&J South East & St Louis Div— r r 22 100 1955-M&N '46.F&A Atl K & Cin Div 4s 30M 25% 24 M N O) 5s 1963 ser A Series O 4Mb 1963 40-year 4 Ms Aug 1 1966. 3.50% 18 104 % gold 4s 1940 -J&J 1st & ref 5s 2003 ser B A&O 1st & ref 4Mb 2003 ser C—A&O 1st & ref 4s ser D 2003—A&O 1st & ref 3Ms ser E 2003—A&L Equipment trust 5s —— 13 M 99 96 Monongahela Ry Co— 1st mtge 4s ser A 1960 M&N Monongahela Sou 5s 1955---A&0 Gen 6s 1955 A&O Brid.. Unified 9M 8M 8M Monon Coal—See Chic Ind & Lou 104 J&J 72% - 96 Eq 4Mb 1931-41 (yr)—_J&J15 Eq tr 5s 1938 (s-a). M&S Eq tr 5s 1939 (year) J&J Montgom Div g 5s 1947 F&A 64 % 4.25 / 50 M&S 38 Guaranteed gold 4s 1945—M&S oulsville & Nashville— 93 Ref g 4s 1955 opt 1918--1 Pur liens 1st g 3Ms 1952--J&Jr 2.00% 3.25% RR— 1st mtge gold 5s 1946 ouisville & Jeffersonville 91 1951. P 64 Ask 37 M&S / M&S Secured 5s 1938 87 3.00 3.75 36 J&J J&J Gen gold 4s. 1938--Ref & impt 4Mb 1977 100 M 1946. _A&t) 1st M gold 5s 1935-------A&O oulsville Henderson & St Louis— 1M M 85 77 M 4s 15 73 10 „ _ Mobile & Birmingham— Prior lien 5s. 1945 Gen M u 4s 1945 Mobile & Ohio— 106 " vuv ouisiana & North West 4 Illinois Central— gold kjf* Equip trust 3 Ms to Huntington & Broad Top Mt 1st "uv 1939 guar —.J&J / Dock cons 3%s 1950—A&O Island— Unified g 4s. 1949--M&S Gen mtge gold 4s 1938——J&D Refunding mtge 4s 1949._M&8 4s stamped 1949 —®®&S Equip tr 5s 1938-39 (yr)—A&O Equip tr 4 Ms 1941-45 (yr) -F& A os Ang-Pac Co ref 4s 1950—J&J ouisiana & Ark 5s A 1969—-J&j 40"" 40 )/ 4*/ ong 98 >/ 1vul1v 1st gold 4s 1.25% 99 M 104 1 Bid Bonds Ask - 3Mb March 1947 1947 non-conv—-M&8 M&S Deb 3 Mb 1954 non-conv A&O Deb 3 Ms 1956 conv J&J 15-year secured 6s 1940 A&O 1st & ref 4Mb 1967 J&D Equip tr 4 Ms Sept 15 1938 to Mar 15 1945 (s.-a.)..M&S15 Equipt tr 4Mb '38-'46 (yr)_J&J Equipment trust 5s Har Rlv & Pt Ches 4s '54 M&N N Y & N J Ferry 5s 1946 J&J 17M 9% 17 P II* 13 16 20 11* 13 15M 15% 23 M 17 5.50 5.50 4.75% 4.75% 5.50 64 HbJ° 70 38 70 RAILROAD NOTICE—All bond prices ere **«nd Quotations for all securities are Bonds Bid Ask New York Ontario & WesternKef 1st g 4s June 1992.—M&S Gen M g 4s 1955 red.. J&D 6% 4% 6)4 N Y Pennsylvania & Ohio— .... J&J F&A -F&A Term 1st g 5s 1943 M&N / N Y Westchester & Bos Ry— 1st Mg4Hs 1946 guar—J&J Nord Ry s f 6 Ha 1950 A&O 72 58" 1937 8 Norfolk & Oar 1st 5s 1939—A&O 2nd 5s 1946 J&J Norfolk Southern— 1st & ref g 5s '61 opt *15—F&A 9% 7 90 A* 88 5 90 101 103 9H Certificates of deposit 8 Norf & South 1st 5s 1941.M&N 14 W* 50 1st gen g 5s 1954 opt J&J Norfolk Term 1st gu 4s 1961M&N Norf Term & Transp 5s '48F&A Norf & W Ry 1st con 4s '96.A&0 23 103 111 76 5s ,5s 1948 — cons lnc 4s 1990 Aprl/ 4H Perkiomen RR Extended 1st 7 101 52 62% 2.75% 2.50% 97 100 96 98 , > )) ) 5s •. 1 >.7. b Basis. 100 South & North Alabama— Gen cons gug 5s 1963 Series A 1977 99 H 60 92 Ral & Gaston 1st 5s g 1947--J&J Raleigh & S'port Ry 5s '65 J&D Raritan River 1st g 5s 1939.-J&J Reading Beit 1st 4s 1950-—M&S Reading Company— Jer Cent 4s *51 opt '06 A&O Gen & ref 4%* 1997 ser A__ J&J Gen & ref 4Hs 1997 ser B.J&J Eq 4Ha 1938-'45 (s-a)—M&N Equipment trust 5s Philadelphia & Reading RR— Imp M ext g 4s 1947--A&O Extended 4%s Oct 1 1943... Term 5s g gu May 1 *41 Q&F Rensselaer & Saratoga— 6% g bds May 1 1941 M&N Rich Fredericksbg & Potomac— Cons mtge 4 Ha 1940 A&O Richmond & Mecklenburg— 1st g 4s Nov 1 1948 M&N Richmond & ^Petersburg— Cons 4 Ha 1940 A&O 58 62 9% 98% 15 103 104 H 1st Mem Div g 5s 1996 J&J St Louis Div 1st g 4s 1951-J&J Mobile & O coll tr 4s '38.M&S „ 104H 110 1st 4s 1995 104 45 30 J&J 65 Spokane Falls & Nor 6s 1939.J&J Spok Internat 1st g 5s 1955.J&J 102 Ry 4 Ha 1943 3 7% J&J J&J J& 3 34 Stephenvllle Nor & Sou Texas— 1st M guar g 5s 1940 J&J Sturgis Goshen & St Louis Ry— 1st 3s Dec 1 1989 J&D, 40 Suffolk & Oar con 5s 1952...J&Jj/ Sullivan Co RR 6s 1944 A&O 90 8H 63 10 14 11 80 27 St Johns & L Cham 5s 1944.M&S St Joseph & Grand Island— 1st gold 4s 1947 J&J 107H St Lawr & Adirond 5a 1996..J&J 2d gold 6s 1996 A&O 94 91 St Louis City see Pac of Mo St Louis Iron Mt & 8ou— Riv & Gulf Divs 4s 1933.M&N ff Certificates of deposit.. St L Peo & N W 5s 1948 J&J f St Louis-San Francisco Ry— 1st M Prior lien 5s 1950 aeries B.J&J Certificates of deposit 42 H ... 12 Cons in 4Ha 1978 ser A—M&S Certificates of deposit stpd— 91 90 40 1st consol gold 5s 1944 F&A Gen ref s f g 4s 53 opt '10 -J&J Terre Haute & Peor 5s 1942.M&S Texarkana & Ft Smith— 1st M 5%s 1950 guar F&A Texas City Term 6s 1941 .J&J '26 Texas & New OrleansCons 5s 1943 Texas & Pacific Ry— 1st gold 5s 2000 Gen & ref 5s 1977 ser B Gen & ref 5s 1979 ser O Gen & ref 5s 1980 ser D 5.50 5.50 2 104 Salt Lake City Union Depot and RR 1st 5a 1938 M&N / This price includes accrued interest. J&J .... Ref & 5% 112H 113" 102 H 100 18l« 69" 80 105 70 71 J&D 70 2.50 3.25 3.25 3.25 3.25 95 imp M 3 %* ser A '60 J&D Tol Term 1st 4Hs *57 gu M&N Tol Walhoudlng Valley & Ohio— 1st g gu 4s 1942 ser O M&S Toronto Hamilton & Buffalo— 1st gold 4s June 1 1946 .J&D 106" Consol M 4Hs 1966 n ser Nominal. 75 100 H A.F&A Transylvania RR 1st 5s 1956.J&J Tulsa Un Dep 1st 4H« '59..J&J 95 /(.Last sale, 10 75" 98 110H 37" 30" 102 H A&O April 1 1950—A&O 80 Pacific ext 1st 4s £ 1940...J&J ' St Mary's Div 1st 4s 1951 F&A Toledo Peoria & Western RR— 1st mtge 4s ser B 1967 J&J Toledo St Louis & Western— 1st gold 4s 5.50 St Paul East Gr Tr 4 Ha '47—J&J St Paul & Kansas City Short Line J&D A&O Eq tr 5s 1938-1939 M&N Eq tr 4Ha 1938-42 (yr)...A&O Eq tr4Ha 1939-43 (yr)...F&A Equipment trust 4s Eq tr 2%s 1938-1952 M&N 9% .J&D F&A / 25" 100 4 33 89 25 J&J Toledo Canada Southern & Det— 1st 4s 1956 ...J&J Toledo & Ohio Central— 26 Eqtr 5Ha 1939 (a-a) M&S b Equipment trust 5s Equip tr 4 Ha 1938-1945..J&J 7H 95 A&O Tex Pao-Mo Pac Term RR— 1st M g 5Hs 1964 M&S 1952—_J&J b 15 98 coup.M&N Tavares & Gulf 5s A 1935---M&S Term Rlt Assn (St Louis)— 1st gold 4Hs 1939 A&O 6H . 1938 1st g 5s 1953 A&O / Tampa North 1st 5s '36 opt_J&J " Tampa Union Sta 5s 1940. .M&N Tampa Un Term 4-6Hs '53—J&J / 6 Eq 4 Ha 1939-'41 BB (yr)_F&A Equipment trust 4s St Loufe Southwestern— 1st g 4a 1989 —M&N 2d g inc 4s Nov 1989—..J&J .... inc 6s Berwick RR 5s 1952 Tampa & Gulf Coast— 8H 7H 8% 7% Prior lien 4s 1950 aeries A. J&J Certificates of deposit— 6 Sun bury Hazleton & W-B— 14 10 J&J St Paul Union Depot— 1st & ref 5s 1972 12" 99H Susquehanna Bloomsburg & 7H 6H 8H St Clair Mad & St Louis Belt— Alton Bridge 1st g 4s '51.-J&J 70 17" J&D < 35 1st guar 4H8 1934 M&S / Rock iBland-Frisco Term Ry— 1st M 4 Ha 1957 J&J 1st guar 4 Ha 1941 St Paul Minn & Manitoba— 35 Stark Elec RR 1st 7s 1952...J&D Staten Isld 100 ..J&J J&J. 107% 35 Spartanburg Union & Columbia— 32 H 11 St Paul & Duluth— 1st consol g 4s 1968 27 29 E Tenn reorg lien 5s 1938 M&S 105H 61% 48% 5.00 5.00 5.00 Eq tr 4 Ha Oct '38-'39 (s-a) A&O Aiken Branch 4s 1998-: J&J Rio Gr West 1st 4s 1939—-_J&J / 1st coll tr 4s 1949 opt .A&O / Rock Island Ark & Louisiana— 1st term & unif 5s 78 M&S 106 107% 68% stamped 1941 Eq tr 5a 1938-39 (s-a) 104H 106 % 4 Ha 2.40 Develop & gen M g 4s '56.A&O Develop & gen 6s 1956 A&O Develop & gen 6Hs 1956..A&0 Equipment trust 5 Ha 70 104 4 Ha 1941 2.25 Southern Pacific RR Co.— 1st ref g 4s 1955 opt 1910..J&J 62) 106 con 2.75 Eq 5s 1939 (T(yr) M&S Eq 5s 1938-41 D (yr)...A&0 Southern Pacific (Golden Gate Ferries) 1st 5Hs 1949 A&O 74% 2.50% 2.00% Richmond-Washington Co— Coll tr g gu 4s 1943 opt—J&D Rio Gr June 1st gu 5s 1939..J&D Rutland 3.00 Stamped (Fed tax) 1955.J&J f Southern Railway— 1st consol g 5s 1994 J&J 99 Richmond Term 1st 5s 1952.J&J Rutl Can 1st g gu 4s 1949 4s stamped 1949 31 51 2.75 Pacific Fruit Express— 50 Rio Gr So 1st g 4s 1940 1st g 4s guar 1940 45 II* 4Hs 1969 with warr _M&N 10-yr secured 3%a 1946..-J&J Equip 5s 1938-1939 (yr)._M&N Eq tr 4Ha 1938-40 (yr).".".J&D Eq tr 4Ha 1938-41 (yr). 106" 3.50 3.00 62 30 -M&S M&S M&N 40-year 4 Ha 1968 50-year 4Hs 1981 „ 70 111H Coll tr 4s (OP) Aug 1 '49—J&D 1st 4 Ha (Oregon Lines) 3% 70% 17 A&O Southern 111 & Mo Bridge Co— 1st Mg 4s 1951 M&N 90 90~" 40 South Indiana 1st g4s 1951—F&A Southern Pacific Co— J&J 1931 109% 106% 107 100 4.75% 35" 87 Mortgage 4s Dec 1 1996..J&D 1951—J&J 3Hs 41% 30 99 Gen & ref 5s ser A 1990—J&J 62 H 60 Phlla & Bait Gent 4s 1951—M&N Phila Bait & Washington— 1st gold 4s 1943 M&N Gen 4a April 1 1960 A&O Gen 5s 1974 series B—F&A Gen M 4)4* 1977 ser O— J&J Gen 4H« series D 1981..J&D i 45 80 Somerset Ry 1st & ref 4s '55—J&J 1st M 4s July 2 1950 J&J South Bound RR 1st 5s 1941 A&O 104 1st — 2d 41 98 % M&N 2% Shrev Bdg & Ter 5s '55 gu F&A Sioux City & Pac 3 Ha 1936—F&A 104 87 A&O Raleigh & Augusta Air Line— 23 75 99% Prov & Wore 1st 4s 1947 Norwich & Worcester 4 Ha '47M&S 94 Ogdensburg & Lake Ghamplian— 1st guar g 4s 1948 J&J / 8H 4s stamped 1948 J&J/ 6% Ohio Connecting 4s 1943 M&S 106 Ohio Ind & Western 5s 1938 * Ohio & Little Kanawha5s '5CM&S 35 Old Colony RR 4s 1938 J&J / 12 15 1st M 5 Ms 1944 F&A / 12 15 1st M 5s 1945 series B J&D / 12 15 1st M 4^s 1950series C...J&J/ 12 15 Ore RR & Nav cons 4s 1946.J&D 105 110 Ore Short Line 1st 5s 1946 J&J 111 1st cons guar 5s 1946 ...J&J 112)4 114" Oregon-Wash RR & Nav— 1st & ref g gu 48 '61 opt-.J&J 92 94 % PacFruit Express—See Sou Pac— Pac of Mo 1st ex g 4s 1938 84 F&A 71)4 2d ext 5s gold 1938 J&J / 66% 85 Cardelet Br 1st 4)4* 1938-A&O 80 St Louis City real est 5s '38 J&J 75 Paducah & 111 1st 4)4* 1955.J&J 103 Paris-Orleans extl 5Ks 1968 M&S 80 6% franc bonds (foreign series) red to 1956 J&D / 23 Paterson Extension 5s 1950-J&D / 10 Paulista Ry 1st 7s '42ser AM&S15 60 77 Pennsylvania Company— 28-year secured 4s 1963 F&A 85)4 Gu tr ctfs g 4s 1952 M&N 98 Gu tr ctfs g 3Ms 1941 F&A 101 % 102H Gu tr ctfs g 3)4* 1942 J&D 101 Gu tr ctfs g 3Hs 1944 J&D 101 Pa & N Y Canal con 5s 1939 A&O 50 60 Cons mtge 4Ha 1939 A&O 50 60 , Cons mtge 4s 1939 A&O 50 60 Penn Ohio & Detroit RR— 1st & ref 4%* 1977 ser A..A&O 95H 1st & ref 4 Hs series B 1981 103 Pennsylvania RR— Con M 4s gold 1943 M&N 107 Con M 4s gold 1948 M&N 106H 107H Oon M 4s gold 1948 sterling stamped dollar ..M&N 107 Oon M 4 Hs gold 1960-—F&A 112 Gen g 4Ks 1965 J&D 90 91 ) Gen g 5s Dec 1 1968 J&D 100 H 101 > Gen M 4^s 1981 ser D...A&O 87 86H Gen M 4)4* ser E 1984—J&J 85 H 92 Deb 4)4* 1970 A&O 68H 69 Gen M 3 Ms ser O 1970—A&O 79 81 Oonv deb 3 %a 1952 66 A&O 65% 30-yr secured 4s 1938-1964.J&J b 5.25 4.75 Gen equip 5s 1938-39 (yr).A&O b 1.75 1.25 Eq tr 4)4* 1938-39 (yr)—A&O b 1.75 1.25% Eqtr 4sseries E 1938-1949.J&J b 3.00 2.50% Eq tr 2^8 ser H '38-'52..M&N b 2.85 2.50% Pew & East cons 4s 1940..A&O 49 % 37 13 Shamokin Sun bury & Lewisb'g— 2d ext'd 5s 1945 J&J 107 H Port Reading 1st gu 5s 1941—J&J 24 H Peoria & Pekin Union Ry— 1st g 5 )4* 1974 series A F&A Peoria Ry Ter 4s *37 gu op J&J / Pore Marquette Ry— 1st g 5s July 1956 ser A..J&J 1st g 4s July 1956 ser B..J&J 1st 4)4* 1980 ser O _M&8 Equipment trust 4)4* b 3.50 Equip trust 2 Ha 1938-46—J&J b 3.25 40 98 % J&D 6% 5% F&A 59 H 108 J&D notes 1931 Seacoast RR prior lien 5s "48. A&O 7 70 60 6.00 5.75 J&D F&A 1951 18 M&S A Seaboard & Roanoke 5s 1931.J&J 5 5 112 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 — / J&D A&O A&O Portl (Me) Term gu 4s 1961.J&J Guar 5s 1961 J&J Portland & Rumford Falls— Rqtr 4 Ha 1939-'40 (yr)M&S15 b 2.50 Eq tr 2%* 1939-1947 M&S b 3.25 Eqtr 2%a 1938-1946-.— J&J b 3.25 Nor RRof N Jgen 4^s2000.J&J/ 25 No Ry of Gal 5s g gu 1938A&0 North Pennsylvania RR— Gen g 3 3-10s 1953 J&D 89 Northwestern Terminal RR— ser F&A Atlanta-Birmingham Div— 1st g 4s May! 1933 M&S / Seab-All Florida Ry— 1st gu 6s 1935 series A F&A Certificates of deposit. / 1st gu 6s 1935 ser B F&A Certificates of deposit §8H fr 1943..J&J 1st gen 4s series A 1948 1st M 5s 1962 series B 1st gen 5s 1974 series O 1st 4%* series D 1977 6s 1945 5% secured 106H Eq tr 3%a Apr 1 1938-1946 Eq tr 2%a 1938-1946 J&D Pitts Young & Ashtabula— / _ 120" 104 H O—J&J Pitts & West Va Ry— 1st M 4%b 1958 ser A 1st M 4Hs 1959 ser B 1st M 4%b 1960 ser O cons Receiver ctfs 2-3 Ha '45 1st g guar s f 5s 1942 J&J Pitts Va & Char gu 4s 1943.M&N 69 H 1st & Feb. 17 Pittsb Term RR & Coal— M 47% 43 B J&J 56 C J&J 48 D—J&J 48 An .-Apr 115" 110 97 97 J&D A&O Pitts Shawmut & Northern— 1st gold 5s 1949 F&A Gold 4s Feb 1 1952 F&A 6% receivers' ctfs 1927 F&A 77 Certificates of deposit F&A __M&N Pittsburgh & Shawmut— Northern Pacific— 1st M 5s 1977 107" F&A 4 Hs series J 1964 Gen M 5s 1970 ser A Gen M 5s 1975 ser B Gen M 4%* 1977 ser 107 P J&D M&N k 4s series H 1960 4 %a series I 1963 14 ...M&S 110 Schuylkill & Leh 1st 4s '48-M&N Scioto Val & N E 1st 4s 1989M&N 108" Seaboard Air Line Ry Co— 1st gold 4s 1950 12 A&O / Stamped .A&O " 9H Adj mtge 5s Oct 1 1949 F&A Ref gold 4s 1959 opt A&O Certificates of deposit 104 1st 8 f g 5s 1959 — J&D / Pitts Shenango & Lake Erie— 112 1st gold 5s 1940 A&O 1 '33 Prior lien g 4s Jan 1997-.--Q&J Gen lien g 3s Jan 2047 Q&F Ref & imp 4 Ha 2047 ser A.J&J 82 113 114H April 1933 to Oct 1934,1945- Ref & imp 6s 2047 ser Ref & imp 5s 2047 ser Ref & imp 5s 2047 ser 3%* series E 1949 4s series F 1953 4s series G 1957 Joaquin Val— 1940 A&O San Fran Terra 1st 4s 1950--A&O Santa Fe Prescott & Phoenix— 108H ...A&O Mar 24 M&N k 109 M&N 105% F&A 4 Ha series C 1942__ 4s series D 1945 Biu 1st g 5s 1942 Pitts Bessemer & Lake Erie— Cons gold 5s 1947 J&J Pitts Cin Chic & St Louis— Con g gu 4%* ser A 1940.A&O Cons 1st g 5s July 1 Apr 1 1935 & sub coups 1945— / Apr 1938 and subs coupons / Ctfs of dep stmpd as to sale of ... 79* J&O 1966 1st g 58 Oct 1 11A 118 Gen & ref g 4 Ha ser A '74.M&S Northern Ohio Ry 1st guar 5s— as to sale of Apr to Oct 1 1937 coupons 3%a San Fran & San J&J'/ 121 110H 100H Norrist'n & Maine 1st 4s '52 M&S Northern Central— Gen & ref 5s 1974 ser A M&S Stamped mtae 4%* series B 1942 2d mtge 4H« 1937 Gen mtge. 5s g 1940 Bonds Salt Lake & >gden 5s 1934 / San Antonio & Aransas Pass— 1st guar g 4s 1943 J&J i 1st p 4s 1937 8 f cpt gu Piedmont & Northern— 1st 89 Ask Bid Bonds Phlla & Chester Val 4s 1948.A&0 92 Phila Newton & N Y 3s 1942 A&O 90 Phila & Reading RR—See "Readi ng Co." Philippine Railway— Prior lien ext 4%s, 1950.-M&S / N Y Phil & Norf—1st g 4s *39 J&J 100H 100 Income 4s Jan 1 1939 M&N 86 Stock trust ctfs 4s 1948 J&D N Y Prov & Bos 4s 1942 A&O 94 % N It & Putnam 1st 4s g 1993. A&O N Y Short Line 4s 1957 103' F&A N Y & Stamford 4s 1958 25 M&N N Y Susq & Western— 1st refunding 5s BONDS Interest" except where mar te< "f" end Income >nt defaulted bonds for the closing clay oi the month preceding the date of issue as near as possible 102 % US* 76 73 75% April, 1938] RAILROAD 71 BONDS NOTICE—All'bond prices ere "and Interest" except where marked "f" and Income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue Bonds and Stocks Bid Ask Union Depot (Oolumbus, Ohio) Gen 4Hs 1046 J&J 974 1094 35-year 3^s debs 1971—M&N 85 34-year 3 4s debs 1970 A&O 2.70 Eq tr 2§/s ser E 1938-62.-J&J b Eqtr 4Hs 1938 (yr) 1.50 M&N b Eq 4Hs Sept 15 ^-^.MASIS b 1.75 Union RR (Penn) 1st 5s '46-M&S 110 Deb 6s 1946 M&S Union Terminal Co (Dallas)- 87 4 2.00% 1.00% 1.00% cuiy pref (with $40 warr). 100 % prior conv pref eny & West (6% guar) .100 wjludou Topoks & Ssntft F0-1OO 5% non-cum pref —100 ,y 109" 100 ►n—100 104 75 105 105 108 108 I——50 American shares partlc pref. O)—100 _ 100 8lH Unstamped— class A 1st pref 5 class B 1st pref 8 1st pref 7 class C 1st pref 10% class D 1st pref 4 4 % class E 20 W* 14 764 22 preferred---—100 prior preferred. 100 non-cum 85 80 b b Wabash Railroad Co— 1st gold 5s 1939 M&N / F&A f 1939.J&J 1st lien term gold 4s 1954. J&J f Ref & gen 54s 1975 A-JM&S Certificates of deposit Equipment trust 54b Equipment trust 5s Eq tr 44s 1938-43 (yr)—A&O Det & Chic ext 1st g 5s '41-J&J / 2d gold 5s 1939— Deb mtge 6s series B 99 4 2.00 1.75 42 4 244 1004 1.25% 1.25% 454 284 45" 6jf* 74 5 24 1 1 1 T 6 74 14 14 24 14 14 24 24 70 7 74 O 17 20 39 50 5 "74 100 100 40 100 4% non-cum preferred 64 31* 24 834 45 "14 14 4 24 "6" 4 40 100 100 1 14 14 Cin New Orl & Texas Pacific. .100 91 4 4 4 24 4 14 200 220 100 110 112 5% non-cum preferred 100 Chicago & North Western.__.100 7% non-cum preferred 100 Chic R I & Pacific common.—100 7% preferred 6% preferred 101 106 llo" Preferred .1 78 55 40 -50 69 Cin Union Term 5% pref 100 Cleve Cine Chicago & St L—-100 104 6% 5% preferred non-cum non-cum preferred—.—100 7%-50 -50 Cleve & Pitts (gu Pa RR) 61H 3.25 3.25 694 754 2.50% 2.50% 102 Special 17 1946 ———.If 15K 16 Equipment trust 5s 6 J&D b 6.00 4.50% 4.50% 4% 4% 1st non-cum preferred..100 4% 2d non-cum preferred-.100 Columbus & Xenia (guar) 50 100 Passumpslc pref 65 39 com 7 44 75 5 Eq tr 54b 1938 (yr) 24s trustees ctfs Dec. 1 1938— Western Pocahontas Wis 1945— 95 Preferred (guar C H & D)_. 50 Delaware & Bound Br (guar) .100 Delaware & Hudson Co 100 85 150 99 Western Ry of Ala Wis *58—A&O 75 Delaware Lack & Western— 50 25 4 Wheeling & Lake Erie RR— Ref mtge. 4s ser D 1966.-M&S 1st consol gold 4s 1949—-M&S Wheeling Term 4s 1940 F&A White & Black River Valley— 1st 5s 1980 J&J / Wichita Falls & Sou 1st 6s *38 J&J / 1st 5s extended 1948 —J&J Wichita Union Terminal Ry - 1st g gu 4 4b 1941 opt—-M&N Wllkes-Barre & 6.00 97 Delaware 1054 1st 4Hs May 1 1938 Willamette Val Southern Ry— 6s 1939 F&A Wlllmar & Sioux Falls 30" 35 38 ..— 44 5 1st guar g 5s 1938 ....J&D Wilmington & Newborn— 1st gold 4s 1947 F&A Wilmington & Nor 4^s *77—J&D Gen 5s Aug 1 1982— F&A Wilmington Ry Bdge 5s '43.A&0 Winston-Salem Southbound— 1st gold guar 4s I960.. J&J Winston-Salem Term 5s '66.A&0 J&J / / 1st & ref 4s 1959 ...A&O / Sup & Dul Div 4s 1936—M&N / Certificates of deposit—... Marsh field & S'eastern div 100 11 13 100 95" 4 6 64 8 74 4s 1951 M&N Worcester & Conn Eastern Ry— 424 45 4 1st gold 4Hs 1943 J&J Yonkers Ry see "P U" bonds— Yoseralta Vails f g 5s 1936—J&J 44 94 94 • No par value. Ex-dividend. ( Quotations represent 44 16 4 Illinois Ceni/al -100 Non-cum 6% pref series A.-100 Leased lines (guar) 100 24 34 24 45 100 com 7 5 82" 86 100 65 70 Ogden Mine RR (gu On N J)_100 Old Colony (gu NVNH&H)__100 Oswego & Syrac (gu D L & W) 50 30 3 "5" 30 30 40 Norwich & Worcester pref Pennsylvania RR Corp v t c 50 50 - Pennroad 100 Marquette Ry com 100 5% preferred 100 5% prior preferred.. 100 Phila Germ & Norris (guar).. 50 Phila & Trenton (gu Pa RR).100 Piedmont & Northern * Pittsburgh Bess & Lake Erie 100 17 65 70 24 124 134 17 15 30 150 100 14 34 314 75 54 5 114 40 100 125 131 100 100 100 62 66 50 14 4 lH 6 14 lps 24 18 80 * common 100 14 50 20 100 04 54 100 100 ... preferred Mob & Ohio stk tr ctfs Southwestern of Ga (guar). 9 24 I 100 15 20 100 60 * 52 5 —100 75 85 114 15 Central ... Union Pacific—Common— 40 125 100 40 50 3 50 12 34 - • 95 4% non-cum Preferred & —.100 Valley RR (N Y) (guar) 100 Vermont & Mass (guar).....100 Vicksb Shrevep & Pac com 100 5% non-cum preferred 100 Virginian Ry common ...100 6% cum preferred .....100 Wabash Ry .......100 5% non-cum preferred A 100 5% non-cum conv pref B—100 7 50 131 564 -- Western Maryland Ry 1st preferred 4% non-cum com 14 50 65 95 38" 43 105 98 1 113 14 4X5H 50^ 20 24 50 100 24 30 100 50 40 45 Western Pacific RR 60 37 40 6% non-cum preferred—...100 Wheeling & Lake Erie Ry 100 54 % cum-conv preferred—100 k Last sale. 54 dH 8 Corp....100 /This Includes accrued Interest, 43 80 115 50 100 2d pref 9 40 55 60 Ware River RR Warren N J (guar D L & W). West Jersey & Seashore (gu). 13 37 b Basis. 50 100 100 preferred common 258"" 190 46 6% non-cum preferred... Louis Southwestern 100 5% non-cum preferred 100 Saratoga & Schenectady (gu)-100 Ry 95" 90 St non-cum 45 90 100 100 ... 3 19 4 19 47 14 34 64 .—100 100 $100 face amount, 14 67 70 per 155 100 St Louis-San Francisco Ry 5% 74 145 100 100 Rutland 7% preferred St Louis Bridge 1st pref Southern 38 64 100 43 K O St L & Chic—Pref (gu)-100 Kansas City Southern 100 dollars 165 Utica Chen & Susq Val (gu)_100 Utica Clinton & Binghamton.100 31 90 155 160 34 9 60 60 145" 50 obligations.... non-cum 39 78 135 100 Roch & Genesee Val RR Rome & Clint (gu D & H) 4-2% 42" 100 14% 111 Cent stk ctf 1952—1000 Reading Co 50 4% non-cum 1st pref 50 4% non-cum 2d pref 50 Rensselaer & Saratoga (guar). 100 Rich Fred & Potom—com 100 6% guaranteed 7% guaranteed 130 39 37 74 . 240 122 ....... 174 120 50 100 Pitts Cin Chic & St Louis Pitts Ft W & Chic com (gu) 16 20 210 50 Preferred Tj 24 15 66 50 Lehigh Valley.... 14 64 Pere 14 100 210 30 preferred 90 100 115 non-cum 144 14 1 100 Peoria & Bureau Val (guar) Peoria & Eastern ' 35 (gu).100 —-100 4% 80 64 preferred 234 24 85" 75" 100 Erie)_100 North Pennsylv (gu P & R) 50 United N J RR & Canal Jollet & Chic (guar O & A) 100 Kal Allegan & Gr Rap (gu)..100 5% preferred 145 1014 110 4 50 in hH 1?* _♦ 135^ 100^ Ry 100 pref—100 non-cum 100 Troy & Gr'bush (gu NYC).. 50 Tunnel RR of St Louis 100 134 3if & Texas & Pacific Ry 10 53 24 100 Preferred 52 167 Stk tr ctfs—See RR Securs Co Internat Rys (Cent Am) 4 84 100 No Carolina (guar Sou RR)__100 Northern Cent (guar Pa RR)_ 50 North'n N H (guar B & M) 100 Tennessee 63 45 160 40 10 123 2 Preferred Little Miami original guar... Spec guar betterment stk.. Lit Schu.vlNavRR& Coal (gu) % (gu) 100 Lackawanna RR of N J 84 14 112 Sharon 6% preferred 100 Hudson & Manhattan.—..—100 5% non-cum preferred —-100 11 12 12 103 54 * Southern Pacific Co 90 109" 7 100 50 58 J* 2 14 100 com 40 58 105 1 6 % preferred series A N Y & Harlem Seaboard Air Line 27/ 2\ 35 95 N Y Chic & St Louis com 36 53 4% non-cum 1st preferred--100 4% non-cum 2d preferred-.100 Erie & Kalamazoo (guar) 50 Erie & Pitts (guar Pa RR)— 50 Ft Wayne & Jack pref (guar).100 Georgia RR & Bank Co (gu)-l00 Great Northern Ry— Iron Ore Prop trust ctfs .*—* Preferred (capital stock. * Green Bay & Western 100 4 100 63* preferred 84 100 New Orl Texas & Mexico New York Central RR 63* non-cum Gulf Mobile & Northern com.100 84 64 14 38 34 43 8 100 2d preferred 38 33 46 41 Unstamped Nashv Chatt & St Louis National Rys of Mexico —100 50 50 Preferred (guar Nor Cent). 50 6% East Penna (guar P & R) Elmira & W'msport (guar)— 104 105 108 36 74 100 Duluth South Shore & At! 2|* Wllkes-Barre & Scranton Ry— Wisconsin Central Ry— 1st gen g 4s 1949 Certificates of deposit non-cum Erie—Common J&D 74 Detroit & Mackinac Eastern— 1st guar g 5s 1942 6% pref.100 (guar)-—100 Ry ..100 preferred 100 Detroit Hills & S W 5% 107 90 160 Denv & Rio Gr West 108" 1044 274 Dividend 36* 32 1 1*4 44 Original 3 24 50 (guar) 6 34 54 34 100 70 5 30 Prov & Worcester (guar) Railroad Securities Co— 102 60" 35 Consol Rys of Cuba 6% pref.100 Cuba RR 6% non-cum pref. .100 Dayton & Mich 72 145 100 Colorado & Southern Conn & 16 guar ?! 20 7% pref (guar Pa RR)-. Pittsburgh & Lake Erie Pittsburgh & West Virginia Pitts Youngs & Ashta 7% pref Portland & Ogdensburg Cincinnati Sandusky & Cleveland 49" 14 Paterson & Hudson River.. 1 4 14 4 24 Common 70" 100 Northern Pacific Ry North RR of N J (guar Chic Milw St P & Pacific- 5 '4 25 Adjust 4% 54 54 274 234 654 6% preferred 100 Chicago Great Western com—100 4% preferred 100 Chic Ind & Louisv common.. .100 100 conv Norfolk Southern Norfolk & Western 18 Preferred series A $ ♦ 100 com 7% conv preferred N Y Ontario & Western 14 Chicago Burl & Quincy 100 48 J* Chic & East Illinois common.100 ...100 - com 1st 4% non-cum pref 41 50 37 2d 5% non-cum o «ferred—100 New London Northern 100 New Orleans Great Northern-100 36 W).30 100 -* Chesapeake & Ohio common—25 45 33 100 1 41 91^ K 2 67 (gu D L & Central of New Jersey Chesapeake Corp 8 41 Nashville & Decatur— 1?* 63 87 55 51 West Virginia & Pittsburgh 1st g 8 f 4s 1990— A&O West Fruit Exp—See Gr Nor 1st & ref 5&s 1977 ser A—J&J Equipment trust 4 Ms Equipment trust 5s lb West N Y & Penna 4s 1943. A&OI Western Pacific RR Corp— 1st M 5s 1946 series A M&S / -100 -25 15" 50 Mobile & Ohio—See Southern Ry Morris & Essex (guar) 50 21" llH 5% 850"" 1 50 preferred Mobile & Birmingham— 4% non-cum preferred 6 30 36 80 64 29 44 unstmp—100 87 35 4 54 Catawissa RR—1st pref (guar) .50 2d pref (guar P & R) — ----50 Car Cllnchfield & O 80 Q-Mar Western Maryland 4s 1952.A&0 — Canada Southern 87" Cayuga & Susq Washington Central Ry— J&J 5% class A -.100 8% class B 100 7% class O 100 10% class D_ —-100 4M% class E_—100 6% non-cum pref stamped. .100 Bost & Prov (guar Old Col)—100 Camden & Burl Co (guar) .25 pref pref pref pref pref 80 1939—J&J/ Washington Co Ry 1st g guar 34s Jan 1954 opt 1924 J&J Wash & Frankl Ry 1st 5s '39. J&J Wash Term Co—34s 1945—F&A 1st gold 4s 1945 guar F&A Washington & Vandemere— 1st Wis 1947 F&A 1st 1st 1st 1st 1st Canadian Pacific Toledo & Chic 4s g 1941—M&S / Omaha Div. lst3H8g'41_A&0/ Wabash Railway Co— Ref & gen 5s 1976 ser B—F&A Certificates of deposit Ref & gen Wis 1978 ser O.A&O Certificates of deposit Ref & gen 5s 1980 ser D—A&O / Certificates of deposit / Warren 1st ref k 34s 2000—F&A 100 Common— 894 54% t 4 2$ Mar 50 50 100 100 100 7% preferred series A Stamped— Virginian Ry— 1st lien & ref 3^s A 100 100 700 4% leased line ctfs Mississippi Central 16 60 100 32 450 49 12* -.100 .......100 Mill Creek & Minehill NavigMinehill & Schuyl Hav (gu) — Missouri Pacific 85 325 43 5<» 50 100 Midd) .nil Valley common Preferred Mo-Kan-Texas RR Ask S* 20 Minneapolis & St Louis Minneapolis St P & S S M 7 % non-cum preferred 30 100 100 100 — 75 20 M&N 5s (guar N Y Boston & Maine common ref & impt 5s 1973 M&N Va & Southwest 5s 2003.—-J&J 1st cons g 5s 1958 A&O Assented —199 5% conv preferred 85 1st 4s 2361 444 100 4% non-cum pref. ^oston & Alb *40—M&N West Shore 23 50 M&N 1948 J* 75 110 113 So* Des M Div 1st g 4s 5% preferred Valley Michigan Central Massiwppa 40 A—F&A 1966.M&8 Eq tr 4 4s 1938-1940 (yr)--J&J Eqtr 5s 1938 (yr)——. M&N 224 109 Cash war & scrip ret No. 5 on Vermont Vail 1st 4 4s 1940--A&O Vlcksburg Bridge & Term Co— 1st M s f 6s 1958 M&S / Debenture s f 7s 1948 M&S / Vlcksburg Shreveport & Pacific Pr lien 08 '15 ext 5% Gen 5s May 1 1941 74 30 100 Pref igunr L S & M 8) M ilne Central 4 64 54 5H 19 113 1st guar 4 4b assented— 1 Mahoning Coal RK._ 25 July 1914 coupon—J&J1934 July 1914'coupon off J&J Mar 59 110 95 Vera Cruz & Pacific RR— 1st guar 44s unassented— 4s Lykens Valley RR & Coal pref (with $30 warr) .100 pref (without warr)—100 ___ Cons g 4s 1955 series Series B 1957 1st Louisville & Nashville 58 95 ij 39 54 55 108 98 112 90 35 66 108 70 .50 98 mtge 3 4s 1967 Bid .50 114 United N J RR & Canal Co— 1st 44b Sept 1 1979 M&S General gold 4s 1944— M&S 1st 4s Sept 1 1948 M&S 1st 4^s Feb 1 1973 F&A Gen 1st g3Hs 1951 M&S Utica Clin & Blng 5s 1939—- J&J Vandalia RR— Par pref (guar»..100 S Locks Ask Louis & M'» Rlv Preferred. 1074 Bid STOCKS 102 Union Pacific— 1st ry & land gr 4s g 1947—J&J 1st & ref 48 June 2008 M&S 1st & ref 68 June 2 2008 M&S 1st Par Stocks RAILROAD 14 60 ig 105 75 * Nominal. , NOTICE—All bond prices are Quotations for all securities Stocks and Bonds Par Bid "and interest'* except are as near Ask as where marked *'f' Stocks and Bonds Bid Par share Administered Fund 2d Inc.——-* Affiliated Fund com 125 Sec cony deb 5s 1944-47—-J&J Air Investors Inc 9.30 3.52 Per Convertible preferred-—-* Warrants 12 M 5ae —- Aldred Invest Trust (Mass)— Deb 4Mb with com shs 1967—- 43 26.62 22% 2% 25% 3% Fidelity Fund. Inc "♦ret Boston Corp * 10 14.45 15.58 9% 10 M 10c 2.10 2.33 10c 40 2.62 2.96 Deb 4Mb with shs 1968— com 6.53 20 4.99 Foreign Bond Associates Inc— 10c Foreign Power Secur Corp— 5.78 53 1 % 7 com .-* Allied Int Investing Corp com—* S3 convertible preferred-* Feb 9H Amer Bankstocks Corp———* Amor British & Cont Com----* 86 preferred ---* 1st coll tr National Common with warrants Common Class A 19 General 17M 1M 6 preferred w w )eb 5s Feb 1 1952 without General Capital Corp American European Secur Coll tr s f 5s 1958 ser A 68 series B 1958 American General Corp 7 2« ,__* 5*4 J&J M&N 10c 99 99 J7/» 23% —-— $2 % preferred ———1 $3 preferred 1 Amer General Equities Ins—25c Amerex Holding Corp —— * Amer Insuranstocks Corp —* 28 32 59c 16% Class B ware 100 Gen'l Realty & Utilities 1 * 73 __* 34 6% preferred w w —-100 6% preferred ex-warr —100 10-year deb 3s 1946--—--J&D Associated Stand. Oil Shs 2 80 Associates Investment Co 5% - Bullock Fund Ltd 1 Canadian lnternat Inv Trust— 5s series A 1959 A&O Canadian Invest. Fund. Ltd 1 Canadian Pow & Pap Invest Ltd— Deb 5s8erie8 A 1958 F&A Capital Administration cl A Class B 18 26 M sF 11.67 12.48 23c' 18.62 38c 19.91 9M 10 % 10 94 97 3.05 3.4C 79 4% 10 45 * 75 Cent-Illinois Securities Corp—_1 $1.50 conv preferred * Cent Invest Corp 4-6s '67—A&O Nat Corp class A * Class B Central Central States Elec Corp 1 7% preferred 100 100 100 100 - Conv preferred Conv pref series of 1929 6% cum preferred Century Shares-Trust Chicago Corporation % 5% 89 34 5 8*« 10 3 4% —* 18.89 * 1% Convertible preferred-—— * Christiana Securities com—.100 Preferred —100 — City InvestingCo 1530" 129 --.100 60 Cleve Securities 4-6s to 1943.J&J 50 Commercial Credit 10 common 4M% conv preferred 3*4% debentures 1951 2 %% debentures 1942 100 A&O J&D Commercial Invest Trust __* $4.25 conv preferred * Debenture 3 Ms 1951 J&J Commonwealth Investment 1 Commonwealth Secure common. 1 Preferred 1 Consolidated Invest Trust com. 1 Warrants Continental Secur Corp com 6% preferred * 100 Debenture 5s May 1 1942 Continental Shares com * 6% preferred 100 Corp Secure 5% notes 1935.M&S Corporate Trust shares old ser—1 . AA AA (modified) AOC (modified) Orum & Form er Inc - com - 8% preferred 10 -.100 Orum & Forster Insursh B 7% cum preferred Cumulative Trust Shares Deposit ed Bank Shs N Y Deposited Insur Shs Seriei 10 23*4 102% 95% 100% 95*4 103 2.67 % 17 25 % 20c 3 22 ser A B — 4% 5% — Dividend Shares 25c Domestic & ForeignIn5Hs47F&A Kas Util Invest Deb5s 1954 M&S 15 Eaton & Fund A-l Elec Shareholdings Corp com—1 $6 conv * y pref with ware No par value Ex-stock dividend. * ♦ * H 4^ 1 * 29" 1948 Holding Corp. Hydro F.lec Sec 88c 3* 60c 3 * com preferred 100 Incorporated Investors -* Independence Trust Shares * Institutional Securities Ltd— Bank Group shares 4 94 14.02 1.87 23" Insull Utility Invest— Deb g 5s Jan 1949 —F&A Deb g 6s 1940 B with war.-J&J 3% Insuransbares Co of Delaware.. 1 Insuranshares (Md) ctfs Inc.—1 International Holdings & Inv * lnternat'I Secur Corp Amer— 0% preferred 100 6% preferred 100 Interstate Equity common—) — If* $3 convertible pref A • Investment Bond & Share— 5s series A 1947 J&D Investment Co of Amer 10 Investors Fund of Amer Series 01 Investors Royalty--—1 31 % 7.22 J. .25 7.67 % 20 Keystone Custodian Fund Series B-2 Series B-3— Series K-l 17.42 10.70 10.64 6.29 25 35 1% 100 Marine Midland Corp 5 Maryland Fund Inc 10c Massachusetts Investors Trust-.1 Mutual Investment Trust 10 Bond & Corp (Calif) 10 Pacific Investing Deb 5s 1948J&J Pacific Southern Invest pref * 9 82 84 24 26 Class A Invest com.. 10 5*4 4.77 16.52 8.83 11 40 75 36 1.65 $5 50 preferred 1 Nat Rep Invest Trust Conv pref* Nat Trust Shares Remodified. 1 42 25c 3.90 5% 4> 2.2 91c 1 1.75 4.15 ~6 5 2.33 1.02 * preferred 100 100 New 9.32 i* 6.18 stocks 5.14 Electrical equipment 5.07 7.12 5.52 —————— Oils Railroad equipment stocks B $6 common cum — preferred— 5 .100 North American Bond Trust Ctfe. t Called for payment April 27 at $30 plus div. 6.13 6.91 4.59 5.38 Niagara Share Corp (Md)— Conv deb 5%a 1950 M&N e Ex-coupons. 10.02 Pub Util 82 M 6% x\% 3% 80 8.11 8 100 % 1 8 9.03 102 Mar 24 20* ♦ 6.70 17c 7.20 48" 46 Common stock ] $6 preferred * Royalties Management A——-1 Schoellkopf Button and Pomeroy Inc common 10t Second Carey Trust % - 60 308" 50c % 1% 58 65 ) 2.35 1 Corp Com $5 conv preferred Securities Co of New Jersey— 34% 2.42 35 98 1 Securities Corp General com_-_* $6 preferred * 1% 7.52 2% —1 ———* 55 8.20 3.04 % 47 * 6 — 100 50 - $5.50 prior stock-—Conv preferred Allotment certificates Shawmut Association Mar Mar 29 8 6* * A 10c Representative Trust Shares—. 10 Republic Investors Fund 25c Reynolds Invest 5s 1948—-A&O Selected Amer Shares Inc Selected Income Shares Selected Industries com 4% 94 98 Conv coll 4 Ms ser "11" '55 A&O com IH 95 * Railway & Util Invest A Preferred.. 75 33c 28c 10c Sec 7% preferred 12 35 -.100 Quarterly Income Shares.10c 5% deb series A 1942 M&N Railway & Light Securities com * "*% 50 5 6 47 - 50 9 * Shawmut Bank Inv Trust— 4Mb Mar 1 1942 M&S 5s March 1 1952--M&S — 70 70 Solvay Amer Corp 5%% prf—100 Sovereign Invest. Inc., com—10c Spanish & Gen Corp Ltd— Am dep rets ord reg —£1 111 51c Amer dep rets ord bearer £1 Spencer Trask Fund Inc ■Standard Amer Trust Shares--—1 Standard Investing Corp com--* $5.50 preferred w w— * Deb 5%s 1939 F&A 15 12. 1.95 9M 75 75 113 57c ».S 2.25 iff 5% 55 Standard Utilities Inc 50c State St Investment Corp.——.* 62 31c 63 33c 66 M * 50c Suburban Elec. Securities $4 cum 2d preferred - * - 2'.37 Su^Coij of Amer class A—12 Class 1 3 4.04 4.04 2 Supervised Shares —III Third National Investors.--—11 Tri-Continental Corp ♦ 6% cum preferred * Warrants --— 5s conv deb 1953 _I" J&j Trusteed Amer Bank Shares B 25c Trusteed Industry Shares 25<Trustee N Y Bank Shares 50c Trustee Stand Invest ser CL— 1 Class D 7.16 s20* 103% 52c 67c 95c —— common" 1 3% 92% 1 45c m 63c 65 4% • S. & International Sec.IIIII• pref with warrants —• Utility Equities Corp.—--——5 3l* 7 ?& 75c 10% 1.33 71c 5 74 42* 1st Utility & Industrial Corp.——5 Convertible preferred 7 Wellington Fund-Western Reserve Investing— Deb 5%b 1944 —-F&A Wisconsin Bankshares———— * 5 94 2 Voting shares S & Foreign Securities com—* Conv preferred 58c 76c 1.05 4.60 * $6 1 st preferred..... U. 105] 5.35 Conv deb 5s 1946 M&S UnkedN Y Bank Shares C3—..» United N Y Trust Shares ser F—* U S Banking Corp • U S Elec Light & Pow tr ctf A—_ U 7.78 19] 2] 85] 1.80 1.76 If Trustee Standard Oil shares "All 1 Series B Union Investment 51" 1.55 2.49 1.55 3 B_.~ —IIII— ——II" Class BB Class C_. 2% 6.67 7.03 5.58 5.51 7.71 5.99 6.65 7.48 4.99 5.84 10 * - Reliance lnternat Corp Preferred 75 75 5 - Trust ctfs series B H 6.49 Steel - Prudential Investors * $6 preferred * Pub Util Investing 5s "1948.A&O 39 1st 1948 - m 15.57 8.08 5% preferred ser A w w 100 Nat Bond & Share Corp * National Investors -----—.1 New common 1 2d preferred York Stocks, Inc.— 1 Class D 1st 5 Ms series B 1940 M&S Major Shares Corp * Manufacturers Finance (Bait)' S f coll 4 Ms series A 1942.A&O National 70 70 3*4 Lawyers Mtge Inv (Boston) 11.72 11.61 U% »V/s M&N A&O Deb 5s April Pacific Finance 3.26 2% 10 6.89 10.78 3.02 Series S-4 18.99 9.85 K-2_---------------- eTies 8-2 Larkins Ware Trust 84 * 2M 87 87 •11 -, 34 Machinery Metals. 1% 07% 27 50 Insurance 15.60 4% 1% 3% 16* Building supplies 101 1.08 3 Bank 1.02 25 1.97 100 .98 Agricultural 4.50 t k 90 Insurance Group Shares Voting shares England Fund 22 15.07 "6" 84 1% 6s series 4 Nov 1942 1st Preferred % 5 Second Nat Inv 30c New Howard Management Economic Inv Tr Ltd 5sA'57M&N Huron .89 80c 1 New York Investors common 1 1 1 1 2.50 47c - Nation Wide Securities Co Diversified Trustee Shares C sharesD shares 83c —- 60 8c * A 89c .81 Guardian Investors com $6 1st preferred $3 2nd preferred $7 preferred Debenture 5s series A k 100 ser 70c — Steel Shares Tobacco Shares Series 1 1 1 1 Accumulative series.-.. 63c Illuminating & Power Securities— — $3 cum pref series A Carey Trust 91c 49c - 3^ 2.0$ 10 61c 96c 1.00 70c 55c 77c 98c 91c 53c 87c — — Merchandising Shares Mining Shares Petroleum Shares Railroad Equipment Shares 40 .93 55c Investing shares 9f% - Boston Fund Inc Boston Personal Prop Trust-—* British Type Investors 1 Broad St. Invest Co Inc 6 3% .85 - Food Shares Atlantic Secur 4Hs A 1953.A&0 Atlas Corporation common 5 6% preferred 60 Option warrantsBancamerica-Blair Corp 1 Bankers Nat Investing com * Bankers Securities Corp com—5f 6% preferred ——-5( Basic Industry Shares -10 Blue Ridge Corp common 1 83 conv preferred 100 - 7 1 ft 15 2 Group Securities, Inc— Agricultural Shares Automobile Shares Building Shares Chemical Shares 6 65 72 6% 3% 10 13% J* 94 104 6 1 60 6 30 5 92 101 1 com 7% conv preferredPlymouth Fund Inc A&O Corp 4Mb 1959 1.73 14% i m Great Brit & Canada Invest¬ ment 1.97 1.93 1 Class B 1 1 com 1.61 1 Phoenix Sec Corp ———* $3 conv pref class A 10 Pittsburgh United Corp 25 3.83 25 Debenture 4Mb Feb 1 1947— Debenture 4Mb Dec 15 1952 Old Colony Trust Assoc * 05* Gleneagles Invest 5s June 15 1944 25 25 - 3.52 of* 25 17 10 Com..* *»2 Greenland Trust - 45*' 1 m. $6 pref (with warrants) * German Credit & Investment— Pref allot ctf 25% 1st pref—* 23 7% preferred 8% preferred 28.23 * — Investment Corp $6 preferred Warrants General Investors Trust 3% 89 1 Overseas Securities Co Deb 5s Nov 1 1947 88 Ask share 20 * Old Colony Invest Trust 3.20 79 Bid Par Per Preferred Oklahoma County Trust Oklahoma Southern Trust 4.50 Investors—* * General 4 Amer Investment (III)-——-* Convertible preferred —25 ♦ American ana Bonds Oils & Industries 13.8 3.53 2 - Stocks Northwest Bancorporation * Ohio Finance conv 5s 1951--F&A Deb 6 Ms w w 1944 M&N Common * 21% ifK 12 20ii Fundamental Investors Inc 2 Fundamental Trust Shares Inc— 62 American & Continental Corp— Amer Elec Sec part lc pref 1 bonds 1958 55 3.20 3.00 1 1 ex-warrants 25 1 defaulted 1953 6.29 45 J&D - A—1 Investors— Fourth 3 and North Amer Invest Corp corn. 100 Collateral 4s 1951 J&D 6% preferred 100 5%% preferred 100 North American Trust Shares— % ser * 25 Amer Cities Pr & Lt cl A Class A opt div ser w w Class B - 6s A 1949. 2.86 15 |2 preferred conv 93 -——10c S3 preferred. 15 50 prior pref Fixed Trust Shares series A Series B Foundation Trust Shares Deb g 58 1953 F&A Amer Business Shares new Amer Capital Corp A—-—-10c Class B —- ——— Fiscal Fund, Inc.— Bank stock series Insurance stock series Alliance Investment Ask 25.02 Aldred Investment Corp (Can)— } 1956 Income share equitable Invest Tr (Mass) 6 ^nuity Corp common--.-—--10c $3 fonv preferred —1 Equity Shares ———1 - * v t c and possible for the closing day of the month preceding the date of issue 1 £9 Mar 154 39 % { 10.M ll.t 102 3% lj 1 104 4H 83% 3% 4 89M Jan. 22 461 /Flat price. k Last sale. n Nominal. x Ex-dividend. Utilities Public (Includes street and electric railways, gas, electric power, water, telegraph, telephone and bridge companies.) NOTICE—All bond prices are "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bonds Bid Adriatic Electric Oo (Italy)— Extls f 7s 1952 A&O Ala Oas Oo 1st M 4 Ms 1951.F&A Alabama Power 1st 5s 1946-m&S 1st & ref 5s 1951 J&J 1st & ref 5s 1956 M&N 1st & ref 4 Ms 1967 J&D 1st & ref 5s 1968 M&S Alabama Water Service Oo— 1st M 5s 1957 ser A J&J . r Allegheny Gas Corp 6Ks ctfs '43 Alliance Power 1st os 1952—M&S Alton Water 5s 1956 A&O Altoona & Logan Val Elec Ry— 1st coll 4s Jan 1 1954.—-J&J . Amarlllo Gas 6s 1939 Amer Commonwealths Power— .. Deb Deb m g g 6s 1952 ser A 5 Ms 1953 78 Atlanta Nor Ry—See Ga Ry & El Ulanta Wat El & Pr 5s 1943 J&J 104 86 70 84 U1 Beach Bridge 6 Ms 1942—F&A 71H 74 94 17 90 104 M 62 M Deb g 5s 2030 .M&S 38M 104 68 M M M Elec Ry A&O / 6 15 24 93 12 1st 4 Ms 1960 —-A&O Camden & Sub Ry—See P S Oorp Canada Nor Pow coll 5s '53M&N 27 96 91 Bangor Gas Light 5s 1941—A&O Bangor Hydro Electric— 1st mtge 3 Ms 1966 —J&J Barstow (W S) deb 6s 1942—A&O Baton Rouge Electric Co— 1st mtge 5 Ms 1954 J&D 1st M 5s 1959 ser B F&A Bear Mt Hud Riv Bdge Co—- 40 13 91 .... }05M 105 —A&O 1st 7s 1953 30 34 32 36 59M 61 S f income 8s 1953 —A&O / jar Val Mut Water 5s 195 Beauharnois Power Corp— Coll trust s f 5s 1973 A&O f 44 46 A&O 34 36 1st 1 5 Ms 1948 ser A—M&N Deb 6s 1938—.— J&D Amer Telep & Teleg— Deb 5 Ms Nov 1 1943—.M&N 25-year deb 3 lis 1961—A&O 76 100M 35 43"" ~javer Secured deb 3.60-6s 1953—J&D „ Am Pow & L deb 6s 2016..-M&S Amer Rys Corp coll 4 Ms '53.A&O Debenture 4Ms 1963 Amer States Public Serv— 7 113 100 M 113M J&D 100 M 100 H 5Ms ser A, B & O 1938 ...F&A 5 Ms series D, 1945 —F&A Amer Util Service 6s 1964—M&N 100 H 30-year deb 3 Ms 1966 ■ American Toll Amer Water Works & Electric— Deb 6s 1975 ser A M&N Deb 5s 1975 100 M Bridge— 101M 53M 102-M 56M 90 ...J&D 80 62 69 M 68 M 6M Valley Trac 5s 1950.A&O 97 M Beaver Valley Water 5s '60-M&N 100M Bell Telephone of Canada— 1st g 5s 1955 ser A 111M M&S 1st g 5s 1957 ser B 119M _J&D 122 122 M 1st mtge 5s 1960 ser O M&N Bell Telep Co of Pennsylvania— 117 1st & ref 6s 1948 ser B——J&< 116M 1st & ref 5s 1960 ser O A&O 128M Bellows Falls Hydro-Elec Corp— 100 1st mtge 5s 1958A&O 68 70 Bergen Turnpike 5s Berkshire Street Ry30 36 1st extend 6s 1947— J&D Berlin City Elect 6Ms 1951—J&D 28M Sink fund deb 6 Ms 1959--f&A 27 Deb 6s Apr 1,1955 A&O fk 25M Mar 29 ff l!H 82 Ana&Pot R RR-See WashRy&El Anchorage Lt & Pow 7-5s*43 F&A Androscoggin & Kennebec Ry 99 im 8 64 . ser B 1st 6s 1940 / M&S 30 .... 33 40 Androscoggin W Pow 6s '45.F&A Appalachian Elec Power— 1st mtge 4s 1963 F&A S f deb4Ms 1948 Appalachian Power 5s 1941 . F&A 100 93M 59 J&D Deb gold 110" 6s 2024 J&J Ardmore St Ry—See Phila Oo Arizona Ed 1st 5s 1948 —J&J 1st 6s 1945 A&O 108M 72 83 86 Income 5s 1960 J&J Income 6s 1960 A&O Arizona Power 5s 1950— F&A 1st & ref 4Mb 1950 —F&A Arkansas El & Wat 6s 1944.F&A Ark Louisiana Gas 4s 1951.-J&J Ark & Mo Pow 1st 6s 1953.-J&J Deb 6 Ms 1935 M&N 1st s f 7s 1953 J&J 25M 27 29 98 94 97 6% notes extended 1938—A&O Birmingham Water Works Co— 1st m 5Ms 1954 ser A..—A&O 26 m Corp 5s series A 1957 J&J Arkansas P & L 1st 5s 1956.A&0 Ark West Gas 1st 5s w w '39. J&J Ashl'd Home Tel 4 Ms A 1961 A&O Ashtabula Wat Wks 5s 1958.A&0 Assoc Elect 4Hs 1953 J&J 58 Jan 1 1961 —J&J Associated Gas & Elec Co— Oonv deb 5 Ms 1977 F&A Oonv deb 5s 1965——M&N Oonv deb 5s 1950. F&A Oonv deb 4 Ms 1949. J&J Oonv deb 4 Ms 1948.. M&S Cons ref deb 5s 1968 A&O Cons ref deb 4 Ms 1958—M&N Oonv invest ctfs 5 Ms M&N S f inc deb 5 Ms A 1983 F&A S f inc deb 5s 1983 M&S S f inc deb 4 J is O 1983.—M&S S f inc deb 4s D 1983 M&S S fine deb 5 1986 F&A S f inc deb B 1986—M&S S f inc deb 4 M-5Ms O '86-M&n S f inc deb 4-5s D 1986—.M&S Oonv A 5s 2002........ Q-F Oonv A 6s 2002 Q-M Oonv A 7s 2002.—— Q-F Associated Gas & Elec Corp— _ 8-year 8% ww 1940 88 ex-warrants 1940 Oonv deb 5 Ms 1973.. Oonv deb 5s 1973 Oonv deb 4Ms 1973 Oonv deb 4s 1973 — M&S M&S F&A J&D -J&D M&S Income deb 4Ms 1978 F&A Income deb 4s 1978 A&O Income deb 3 Ms 1978 M&N Income deb 3 Ms 1978 M&S Assoc General Utilities— Income debs w w 5s 1956.M&N Income deb 4s 1961——M&N Associated Pub Utilities Oorp— 1st lien 5s 1947 ser A_. J&J Deb 6s series A 1958...—M&N Associated Telep Co Ltd— 1st M 4s series B 1965 ..J&J Associated Telep & Teleg Oo— Deb 5 Ms 1955 ser A M&N Assoc Telep Util deb 5s 1942A&O Certificates of deposit Oonv deb 6s 1941. Certificates of deposit M&S deb 5Ms 1944 ser O.M&N Certificates of deposit. 2-yr 6 % notes 1933 —A&O Oonv Certificates of deposit.., Athens (Ga) Ry & Electric— 1st & ref s f g 5s 1950 J&J Atl Cons St RR—See Ga Ry & El Atlanta Gas L 5s g 1947 J&D .M&S Gen mtge 4 Ms 1955 b Basis, j 1st 8 99 78 20 78 79 87 80 100 101 30 M 35 25 m 5s 1954 ser B 90 o oOt Jf'r*- M & coll tr 4s ser O '65—M&N Rys Bloomington Dec & Champagne 1st & ref 5s 1940 -M&N Blue Lakes Water 6s '38—T 12 91 100 100 Bolivian Power 8s ser A '45.J Boston Elevated Ry— 81 f / 21 22 M 1st & ref 581954 ser A M&S Bway & 7th Ave—See N Y Rys Bklyn Borough Gas 5s 1967-F&.A Bklyn City RR 1st 5s 1941—J&J Brooklyn Edison Co— 110 106M 73 78 93 96 20 22 20 22 74 24 78 36M 37M 28 99 H 100 M 95 60 55 24 IV* 21 28" 21 24 20 20 101 23 20 24 27 <jou trust ser a%s Coll trust Col trust fH 5M ser 31 31 31 31 31 31 i»44_. 3 Ms 1945.. i 7 103 M 38 38 38 38 38 38 38 31 80 76 48 43 M 39 39 24 21H 19M 19M 50 45 41 1939 5s 25"" 22 M IV* 20 38 31 Coll trust ser 3Ms 1950..M&: Coll trust series 3 Ms 1951 _M& Brooklyn City & Newtown RR- 88 82 Util.(ws)inc5Ms-1952 38 38 31 30 J& Brooklyn Queens Co & Sub— 1st m g 5s 1941 (stpd) _J& 1st con 5s July '4l (stp)_.M& Bklyn Un Elev 5s 1950 F& Kings Co El 1st 4s 1949...F& 60 41M 68 71 20 M Bklyn Un Elev—See Bid Bklyn Un Gas 1st cons5s g'45l 1st lien & ref 6s *47 ser A.J 68 73 78 22 101M 103 UH & 20 65 Gen 2s deb A 1938-1 107 Cent Vermont Public Serv Corp 1st mtge 3 Ms ser B 1966—F&A Central West 'Public Service Co— 99" 104 1 Chattanooga Ry & Light— 1st & ref g 5s 1956 op '16.M&N Chatt Rys 1st cons 5s '56-M&N Ches & Pot Tel of Va 5s '43-M&N Chester Water Service Co— 1st 4Ms 1958 series A 113 104 M 110 V > 117" IV* 96 97 M 94 96 n Nominal x 68 72 83 108 90 64 56 99M 24 110 107 M 103 107M 95 M 87 M 93 M 83 80 M 73 98 98 105 100 94 35 101 88 93 68 80 M 103 1M 1M 53 32 M "3" 10 97 58 45 73 67 106M 104 Chic North Shore & Milw RR— 3M 3M 3M Chicago Railways Co— 1st 5s 1927 stpd as to 25% pt 1, 1933—F&A —J&D fsH lH Chicago Rapid Transit Go— 1st &ref 6Ms 1944. —J&J Certificates of deposit. m ser deposit. A Feb '27—A&O Series B Feb, 1927 1st & ref 6s 1953 ser __J&J A Adjust — deb 6s July, 1963..J&J Certificate of deposit ... J&D 1st mtge 3 M8 1966.. ...F&A 1st mtge 3 Ms 1967 —J&D Cin Newport & Gov L & T 1st ref 6s 1947 series A— J&J Cincinnati Street Ry— 1st m 5 Ms ser A 1952 A&O Called June 1 at 105. ser B... ...A&O !• — — 75 — 1st mtge gold 5s 1936 J&J / 1st & ref 8s 1955 ser A...-J&J / 1st & ref 5 Ms 1956. A&O / — 70 Chic Aurora & Elgin RE— CO 1st & ref 6s 1951 J&J Chicago City & Connecting Ry ColltrsfgSs Janl, 1927-A&0/ 5M Chicago City Ry-^1st 5s (15% paid) 1927— -F&A / 45 Chic Dist Elec Generating— 1st M 4 Ms 1970 M&S 106 M 1st 6a series B 1961 -M&N 105 M 1st 6s 1955 94 71 102 80 M 113M 37/ M K 105"" Cincinnati Gas & Electric— Ry. i 102 k Last sale, M&S Chippewa Power 6s 1947 fir 99 Chicago & West Towns Rys— 1st cum inc 5s 1937 J&J f See Burlington (Vt) G L 5s 195£ Butler Water 5s 1957 A.... jf 104 A.-M&N / Charleston Transit Co— 1st 5s 1942-. _——M&S Gen & adj 5s 1942 M&S / Coll trust 58 notes 1942—M&S 99 109 ... 69 100 5Ms series B 1956 -M&N / 58 58 5s series C 1933 J&D / Charleston Cons Ry Gas & El 100 Consol gold 5s 1999 M&S Certificates of deposit 98 1st gold J Buffalo Traction Buffalo & Lockport. 62 -J&J 1938-J&J / Telep (Del) 6s 1938—M&N/ . —— Buff & Niag Falls El L & Power- 20 20 107 M 92 M 1UM 99 M 98 3s deb B 3 Ms deb 20 20 20 104 1953-J&J Cent States Utilities 6s Cons M 5s Buffalo Niagara Electric— & ref M 3 M i ser O '67-J&D f Ms 102 M 26 1st M & 1st lien 5 Ms Debenture 5s 1944 red and pay Aug Certificates of 64 M 103 61 102 M 100 26 97 101M 110M 59 45 52 105 J&J 83 70 mtmmtmrn „ 1st 1 coll 5 Ms 1956 ser 41 24 20 .F&A -- Central States Edison, Inc—■ 1st coll inc 3-5s 1950 M&S / Central States Elec Corp— Cent 29 30 24 §, 21 24 24 27 99 102 Deb 5 Ms 1954—— jM&S 15 Cent States Pow & Lt Oorp— 105 M J&E 1st 4Ms series B 1961 Broad River Power Co— A&O Conv deb 5s 1948— 109 107 31M Cent Pud Serv Co: no Conv deb 5 M8 ' Cent Public 102'" Brandenburg 38 1st & gen M 3 Ms ser H '66.F&A Cent Mexico Lt & Pow 1st s f 6s 1940 .....J&J 1st 6Ms series B 1951——J&D 93 120 s 1st & ref 5s 1956 ser E—-M&N 1st mtge 4M8 1967 ser F—J&D 1 st & ref 5s 1968 ser G—-M&N 1st & ref 4M® 1981 ser H—J&D Cent Indiana Gas 5s 1957—M&S Central Indiana Power Co— 1st & ref 6s 1947 ser A J&J Cent Iowa Telep 5Ms A 1947-J&J Central Kansas Pr 6s 1946.-M&S Cent Maine Pr 5s '39 op '19-M&N 1st & gen 4s ser G 1960 A&O Cent Pow 1st 5s 1957, ser D.J&J Cent Pow & Lt 1st 5s 1956—F&A 110 Extl 1st 1st & ref 6s 1952. J&D Cent Illinois Light 3 Ms '66.-A&O Central Illinois Public Service— 109M 109 M 88 M 90 83 102 M _ Cent Ohio L & P 1st 5s 1950-A&O Conv sec 4 Ms 1940... J&D 106 M 84 Central Gas & Elec 6s 1946-M&S First lien coll tr 5Ha *46—J&D Central Georgia Pow 5s '38.M&N Central German Pow 6s *34. J&D Cent Hud Gas & Elec Corp—_ . 1st & ref 5s 1941 J&D 1 st & ref 3 Ms 1965 -M&S Cent Ills Elec & Gas Co— 1st & ref 5s 1951— F&A 103M .-.i, Bleecker St&FulFy-See NY 99M Cedar Rap Mfg & P 5s '53 J&J Cent Ark Pub Serv Corp— • 1 st & coll tr 5s 1948 ser A—F&A Central Elec of N J 5s 1940—J&J Cent El & Tel 1st 5s scr A '55 J&J Central N Y Power Corp— Gen mtge 3 Ms 1962 1st mtge 5s 1957 ser O 1 Blackstone Val G & E 5s '39.J&A 74 This price includes accrued interest, 73 100 95 102 72 99 M Canadian L & P 5s '49 op *14 J&J Canadian Rail & Harbor— Terra 6 Ms 1951 ; M&S Canadian Utilities Ltd— 1st mtge 5s ser A 1955—-M&S Canadian West Telep 5 Ms *56J&J Cape & Vine'd El 4s A '65—J&J Capital Traction (Wash, D O)— 1st g 5s June 1, 1947. J&D Carolina P & L 1st 5s 1956—A&O 108 _ Ask Camden & Rockland Water— _ 14 California-Oregon Power85 Deb gold 5Ms 1942—.—A&O 79 1st mtge 4s 1966 A&O 102 Calif Water Serv 4s B 1961.M&N Calif Water & Telephone— 98 1st mtge 5s 1965 M&S 103 Calumet G & E 5Ms B I960-J&J Calumet & South Chicago Ry— 1st (35% prin paid) 1927 F&A / 49 99M Baltimore Transit Co— Deb 4s series A 1975--——J&J / Deb 58 series A 1975——J&J / Deb 5s series B 1975——_J& J 106 M 10 70 66 Augusta Ry & El 1st 5s 1940 J&D "4"" Amer Fuel & Pow 7s 1934. J&J Amer G & E deb 5s 2028..-M&N Am Gas & Pow deb 3-5s '53.F&A 98 65 62 105 M Aurora Elgin & Chicago 1st 5s 1941 M H 12 97 J&J „ 95 Oonv deb 6s 1940—.—M&S ■ -J&J J&J Atlantic City Sewerage— ■ 1st s f 6s ser A 1956 --J&D Atlantic Co Wat 5s '58 ser A M&S 96 M&N Am Community Power 5 Ha 1953 5 Ms Certificates of deposit 1953 Amer Elec Pow deb 6s '57 M&S15 Amer & Foreign Power Co— Atlantic City ElectricGen mtge 3MS 1964.. Atlantic City Gas 5s 1960 1st lien & ref 5s 1957 82 80 69 105 M Bid Bonds Ask 101 79 76 67 H F&A Bid Bonds Ask 104 107M 88 75 80 76 70 — — 4 74 PUBLIC NOTICE—All UTILITY BONDS bond prices are "and interest" except whtire marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bonds Bid Cities Serv deb 5s Jan '00 Deb g 5s Apr 1958 Deb g 5s 1963 Deb 5s 1969 Oonv deb 5s 1950 Cities Service Gas Oo— 52 A&O 44 46 43 M 44 M 44 M 46 45 Oopper Dist Pow 4Mb 1956--J^ Council Bluffs Gas 5s 1948._M<? 3 sr 90 County Gas of Dallas 5s bounty Gas (N J) 5s Jan Crescent Public Service Q -J&D 91 % 45 1st mtge 3Mi Cumberland Ga 3 101 101 Deb 104 M 38 5 Ms 1959 42 102 ADV 40 43" 90 M 83 91M 86 88 90 M 1st & ref 0s 1947 ser A J&D 1st & ref 5s 1954 ser B—M&N 102 98 Columbus Ry Pow & Light— 1st mtge & coll tr 4s 1965.M&N 112 106 M 112 113 113 109 M 110M 106M 104M U2M '43-M&S 111 109 M col 4 Ms 1957 ser D.J&J 1st M 4s 1981 ser F_ M&S 1st M 3 Ms ser H 1905 A&O Com With El 5s June 1 105M Commonwealth Gas Corp— Non-cum inc deb 6s (w s) 1948Non-cum inc deb 6s (x s) 1948- 33 107 . 30 72 56 97 10 60 54 M 56 28 30 103 M 107 M 107 M 104 113M ary 109 arv UVll 104 M 62 5 71 Conv deb 5 21M 73 35 85 88 10 ---- 103 91 36 107 106 M 105M 60 A&O 95 61 Hydro-Elec Wks of Upper 20 J X £7U w not JL* * 26 83 87 91 3 97" 9 I 101 1st M 7s 1944--... 48M 64 42 Northern Power— 1st 5s stamped 1950 Called May 1 at 102. 27 107 M Bay & Miss Canal— 1st & ref 4 Ms 1953 .M&S reen Mountain Power Corp— recnwich 75M 22 Eastern Michigan Rys- 3 42 45 M& 3 95 90 100M 92 98 J<& J 100 1 st mtge 5s 1948.. F&A Wat & Gas SystemCol tr 5s 1952 series A A&O Col tr 5s 1952 series B A&O 1M 5 Ms series A 1951 93. 5s series B 1953 Eastern Shore Pub Service Co— 1st m 5Ms 1947 ser A M& I 1st M & 1st lien 5s 1955 B M& I Easton Consol El 5s 1949 —M& J Economy Lt & Pr (111) 5s '56. J& ) Edison Elec Ilium of Boston— 3 Ms 1st M s f July 1, '65. J& r Ed E. Ill(Bkn)See Kings Co EL& 3 (N Y)—See N Y Edison Sault Elec 4 Ms, 1961 A& Electric Ferries 7s (w-s) *41_A& ) Elec & Peoples. See Phila R T Electric Pow Corp (Germany)- 1 91 102 & 106M Eliz & 103 M Elmira 1st & Raritan 96 M 93 95 Trenton RR J 5Ms June 15. 1 Hamburg 92 M Extl g IIII 93 • A&O 54 101 s 1977 (Germuny) ser 108M 107 H B.J&J 110 amburg (Germany) Elev Undergound & St Rys 5M8'38..J&D 56 98 102 % A 82 92 "uavuu viix 1A n Nominal. 1 1 1 1 40 28 40 108M OCrV 1 37M k Last sale, 106 M / 33 M 5Ms(Sept'31 coup on)'51.M&S / 1 1 empstead & Oyster Bay— Water 6% July 1 serially 90 1 est Man & Fair Pass Ry—See P hil R T ome Tel & Tel (Ft Wayne)— 1st 6s series A 1943 J&J 104 1st 5 Ms series B 1955 A&O 105 uo 1 7l" 31 1!K . ivy 1 1 11 1•11 Elec Co— f deb 7s 1935...M&N / 1 r 103 / This price Includes accrued interest, 88 A&O 1 21M 21H i VILU 10-year 4 Ms deb 1946 A&O ackensack Wat 4s*52 op'12 J&J Gen&ref 5s June 1577 A J&D15 107 M Corp Water, Light & RR— 5s 1956 Md con g OCI ulf States Utilities Co— 1st M & ref Is ser O i960 95 112 106M WWIIU 1st mtge 6s 1945 97 M See RivVPublic Se 50 99 A if )f Eliz Plainf & Cent J1 101 b Basis. F&A 80 reen "i h — 85" — VTUH— 1st M & col 6s 1943 Deb 6 Ms 1943 with ♦ 95M reat 58 3 70 J&J lstsf 4Ms 1956 M&S ■reat Lakes Utilities Co— 1st lien coll tr 5 Ms 1942..M&N 53 50 58 58 .F&A — 1st & gen 6 Ms 1950 -reat Lakes Power Ltd— IIII J Eliz A&O 29 71 1 100 102 100M J&J 102 M 11 102M 70 98 96 103 9KM 80M lOi" 100 100 101 & coll tr 4s A 1956. Eastern Iowa Pow 6 Ms 1943. m 100 J&D 1st guar 5s '54 op '90 Eastern Gas & Fuel Assoc— Edison El 111 Wuerttemburg 1st 7s '56.J&J / Cons Tr (N J)—See Pub Ser Corp Consolidated Water of Utica— 1st 4Mb 1958 M&N 1st M 5s 1958 M&N Oonsum L H & P Co (Eliz, N J)— 60 113 Eastern Oregon Lt & Power— 124 59 60 M 62 3/21 98 M 33 M 105 J&D J&J teorgia Ry & Elec— Atlanta Cons St 5s 1939..J&J Atlanta Northern Ry Co— 53" 95 „ eorgia Power 1st 5s 1967..M&S Georgia Power & Light Co— 1st mtge 5s 1978.. J&D 64 50 Ms 1939 1st mtge & coll 6Ms 0*55-A&O eneral Water Wks & El Corp— 1st Hen & col 5s 1943 ser A. J&D eorgetown Gas Lt 1st 5s'61 F&A a-Caro Pow 1st s f 5s *52..J&J 102 63 122 M A. J&D 102 M 100 100 eneral Public Utilities— 1 st M coll tr 6 Ms ser A-56. A&O J 35 119 6s unstamped 1943 J / |7M 33 90" 118 1,1954 . 96 Durham Pub Ser 7s A '49—A& 3 Durham Trac 1st 5s 1941...M& 9 ^ uo 80 eneral Gas Utilities— 60 jlu 55 100 eneral Public Service Corp— Conv deb 5s 1953 J&J Duquesne Light—See Phila Co Duquesno Nat Gas 7s 1948._J& J Duquesne Trac—See Phila Co xoi/ 1.00% 2.00% 2.00% 2.50% A&O 937 .M&N ^atineau Pow 1st 5s 1958. .J&D Debenture gold 6s 1941 .J&D 15 Deb 6s 1941 series B A&O 3/25 105 M 103 M 1 1M 3 102 M Co 1M Eastern Lt & Pow s f 5s 1964 Eastern Mass Street Ry Co- 127 flt.rAof. Rw To#- H )/ J 3.00 ZJH i" / M&Sl 5/ 1.50 3,00 42M Js *44 M&S s'49. J&D IVAOiUU Gas Corp— lstconv6sctfs. 1945 90 68 Rys Co 6 Ms ser A 1945 F&A 4M 3M 1M H J UiUUiV 20-yr s f 6Ms 1948 Duluth-Superior Transit— 87 65 1st lien coll 5s x-w 1944 J&J 5s with warrants 1944.-J&J Gen 5s Nov J 105M Deb 5Ms series A 1970 96 % 94 1st mtge s f 6 Ms 1952 F& 1/ Certificates of deposit / 8f debg 7s 1952 F& 1/ Certificates of deposit / Det & Pt Huron 8hore Line— 130 105 M Consumers Nat Gas 6s *44 M&N Consumers Power Co— 1st mtge 3 Ms 1965 M&N 1st mtge 3 Ms 1965 M&N 1st mtge 3 Ms 1967 M&N 1st mtge 3 Ms 1970 M&N 1st mtge 3 Ms 1966 M&N Consumes Water 1st 6s A *46 M&N 79M Bridge— 5 • 1938 International 72 WApiUKH 104 M Detroit 81 68 J&J trust 5Ms to 1938.-A&O b trust 4Ms to 1941..F&A b trust 4 Ms to 1943.-M&S b 109 H 104M 98 Consol Elec & Gas 6s 1962 .M&N 6s series B 1962 F&A Collateral 6s 1957 F&A Consol Gas of Bait 5s 1939—J&J Gen g 4 Ms Apr 1954 A&O Consol Gas Elec Lt & P (Bait) 6s 109 5 1st Debenture 3Ms 1940.—A&O Debenture 3Ms 1956 A&O 20-year 3Ms debs 1958—J&J _ 3 3 G '66 104 M 103 M 102 M 1st lien 5s 1962 stamped.-J&J Consol Edison Co of N Y— 0% notes, 1940 _ 112M 108M ) 84 80 trust 4s to 1946.—M&S b 3.25 alv-Houston Oo inc 6s '55. J&D 85 alveston-Houston Elec Ry— 1 st M s f g 58 1 954 opt^ A&O / 50 randy Bridge (Tampa) 1st mtge s f 5 Ms 1957 97 A&O •ary Elec & Gas Co— IIII V "R,D r 93 M 90 J Mt Conn Ry & Lt 4 Ms 1951—J&J Stamped guaranteed opt—J&J Corp . Gen & ref 4 Ms 1961 ser D. Gen & ref 5s ser E 1952. Gen & ref M 4s ser F 1965. 78 3 125 M+ 107 103 M Conn Riv Pow 3 Ms ser Ar61 F&A Connellsv Wat 5s Oct 2 '39.A&0 Consolidated Cities L P & Tr— onsol •£» Equip Equip Equip Equip 1M -/ 1st 4s series C 1955 60 97 15" I 30 125 75M 'lorida Telep 1st 6s 1945.-A&O 2nd 6s 1954 75 1st 5s, 1966J Detroit City Gas Co— 1st mtge 6s 1947 series A. 1st mtge 5s 1950 series B_. Detroit Edison— f 58 52 75 80 Conv deb 5 Ms 1954 l'OlM Duquesne 96 M 8 59 50 , 73 1st mtge 5s 1956 1 8 103 ' Moines Ry 1st .nc 5s Jan 1 5/ 13 M Detroit & Canada Tunnel— 1st mtge 8 f 6s 1953 M If 30 Certificates of deposit ./ 30 Oonvs f deb 6Ms 1948... M«,.r? / 1H 96 52 1st & coll trust 5s 1950—J&J 1943 41" 101 J 65" ' —M&N 1st mtge 48 series C I960..J&D Sinking fund debs 5s 1946.J&D 'lorida Pow & Lt 1st 5s '54..J&J 'lorida Public Service Co— 108" ~as ser 30 J&J 1st lien col tr 5 Ms 1957—M&S lorida Power Corp— t 108M 107 H 107 H * - 94 _ ser 103 M 107 38 J Stamped as to Pa tax. Denver Tramway Corp— 37 21 19 5Ms"'45 M&N ComWltb Tel (Wis )4s ser A 1M&S Community Power & Light Oo— Col M 5s 1957 M&S Community Pub Ser 5s 1960-J&J Community Teleph 5s Jan 1 1949 Community Water Service Co— Deb g 6s 1946 ser A J&D Deb g 5Ms 1946 ser B„_M&S Oonestoga Trac 1st 4s 1950--J&J Coney Isl & Bklyn cons 4s '48 J&J Connecticut Light & Power— 1st & ref s f 7s *51 ser A-.M&N 1st & ref M 3 Ms ser F '66-M&S 1st & ref M 3 Ms ser G '66 J&D 25-year deb 3Ms 1956—M&S Conn Ltg & Pow 5s '39 -J&J Connecticut Power— 6s""1943 J sr Certificates of deposit Ry 5s May 1 *42 ederated Utilities Inc— 3 Commonwealth Lt & Power— Ref & unif 7s 1962 J&J f Com With Tel (Pa) 6s stamped 108M tO- uo _ 106M Co— 5s 1953 ser A J&J col 5s 1954 ser B...J&D col 4Mb 1950 ser C.A&O 1st & coll J 99 Gen & ref M 3 H* 2 ^ 1st M 1st M 1st M 1st M 94 105M 0Ms stamped 1953 A&O / Columbus (Ga) Elec & Power— Pass 60" Federal Water Service Corp— ... 5 Stamped 1st lien g 6s 1942 stpd—-M&S Des Moines Gas Co— 44 90" 20 107 M 98 % J 108 M&S Deb g 5s 1952 M&N Deb g 5s 1952 A&O 15 Deb 5s Jan 15. 1961 J&J 15 Columbia River Long-view Bridge Commonwealth-Edison 106 3 f 4s series B 1965 M&S „ J ST JU1 1st & ref 5s 1951 92 92 92 42" Power & Light Co4Mb 1971 J 1st mtge g 4Mb 1969 J 1st mtge g 4Mb 1969 J vw 111 os Debenture 6s 1954 ser B_. J&D —)d'l Pow & Lt 6s Nov 1. 1965— Federal St & Pleasant Valley 38 R Tr 90 J a M Coast Cos Gas & Elec— Colonial Util 5 Ms 1958 J&D Colorado Cent Pow 5 Ms *40_ J&D Colorado Power 1st 5s '53_.M&N Colo Utilities 1st 5 Ms 1958.M&S Columbia Gas & Elec Corp— 107 52 M J J 90 ...M&S Cleveland Elec Ilium— Gen mtge 3 Ms 110M July 1, '65.J&J Cleveland Ry 1st 5s A 1945.M&S 101M Oleve South w Ry & light— Gen & con 5s 1954 M&S / 2 10 107 105 D 103 M 1941 A&O Ry 51M 135 17 J&J A&O A&O Fall River Elec Lt 5s 1945-J&J Federal Light & Traction— 1st 5s (Amer series) 1942.M&S 1st 5s (Internatser) 1942..M&S Delaware lst Short Route Bdge 0 Ms '52. J&D / Clear Springs Water Serv— s 106 J A Electric 6s 1959 Erie Rys—1st 6s 1954 Erie Ltg 1st m 5s 1967 Erie & Suburban 103 A 69" 111 Erie Co 37 101 100 3 Dallas Gas 1st 6s 19411 Dallas Power & Light- Olarksbury-Columbus 1st 30 99 43 Equit G & E Utica 5s 1942.A&O 97 M N/ Danville Tr & Pow 1st 5s *4.1 _J Darby Med & Ches Ry—See PI Dawson Ry & Coal 5s 1951—J Dayton Power & Light— 1st & ref M 3 Ms 1960 A( Delaware Elec Power Co— 100 Ercole Marelli El Mfg Co (Italy) 1st s f 6 Ms 1953 with war M&N 95" 3 50 62 83 A 1952. _J&D ser Empire Gas & Elec and Empire Coke Jt 1st &ref 5s'41 opt.M&S 31 28 26M 103 M 102 M&S m 5s 1952 Empire Gas & Electric Co—- 91 J J&D 65" 91 25 J&D 1st & ref Gen & ref 6s J 98 103 103 Conv deb 4Ms 1946 Elec Co— Co— S —.J&J A 1951—J&D ser Empire District 60 . El Co— 1st mtge 4Mb w 195 . - 77 42 102 M 1st M 5s 1954 series B_—J&D '1st M 5s 1957 series C_—M&N ser A 1958 1 63 42 M City Water (Chattanooga)— 1st 5s *46 Ai 88" 61 Of City Gas & Blec 1st 0Ms '51 _J&J City Light 1; Traction (Sedalia, Mo) 1st s i' 5s 1952 J&D City & Sub PS .—See Un Rys of St L City & Sub Ry—See Wash Ry & El City of New Castle Water— 1st m 5s 1950 ser A El Paso Nat Gas— 86 M OOWC 41 Citizens Wat-v (Scottdale)— 1st 5s series A 1953 J&J Olti/ens Watur (Washington, Pal 5 Ms series A 1951 J&J 5s series B 1951. J&J 5s 1941 KC1UL 10b OH 14 \ "1VDU 41 F&A / El Paso Df 44 94 67 M 66M \ Bid Bonds 102 M&S Citizens Utilities Oo 1 Income notes 3s 1955 Ask 88 89 M&N Cities Service Power & Light— Deb 5 Ms 1952 M&N Deb 5Ms 1949 J&D Citizens Independent Telephone 1st mtge s f 4 Ms ser A *61—J&J _ Bid Bonds 47 M 1st M pipe line 5 Ms 1942. M&N Cities Service Gas Pipe Line Co— 1st M 6s 1943 J&J _ Ask M&8 ser A. A&O 97 99 .A&O 90 97 war. April, 1938] UTILITY PUBLIC 75 BONDS prices are "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue NOTICE—All bond Bonds Bid 1st mtge Bid Bonds Ask Houston Light & Power 105% J&D 102 120 % 1st m coll 6s '43 with warr .J&D Hudson Co Gas 5s g 1949—M&N Hudson River Trac 5s 1950.M&S Hunt'g'n Wat 1st M 6s '54A M&S 1st M 5s 1954 ser B M&S 1st 5s ser O 1962 A&O Hydro El Bond & Sh 5s 1957M&N Hydro El Corp (Va) 5s 1958. J&D Hydro El Pow Comm 3%s'43J&J 4%s due Jan 1. 1970 —J&J 4%a 1938 P&A Idaho Power 1st 3%s 1967-A&0 _ f / 106 1st mtge 5s 1960 ser l5i% 103 103% 99% 108 99 94 68 80 M&N 1st lien coll 5%s 1938 106 Indiana 1st M 1st M 1st M Electric Corp— 6s 1947 series A 89 89 66 % M&N 6%s 1953 series B-F&A 5s 1951 series C——M&S Indiana Gas Light 6s 1941 M&N Indiana Gas Utilities 5s 1946.J&J 92 78 83 / 68 82 100 53 57" 1st M 5s 1948 J&J Indiana Hydro-Elec Power— 1st mtge 5s 1958sar A M&N Indiana & Mich El 5s 1957—F&A 1st & ref 5s 1955 M&S Indiana Pr 1st 7%s '41 A .M&N 109 Indiana Ry & Lt 1st 5s *43—.J&J Indiana Service Corp— 1st M 6 %8 Sept *48 ser 1st M 5%s 1955 ser F 1st M 5s 1961 series G 102 110 105% 15 90 20 93 45 Indianapolis Gas 5s 1952 A&O Indianapolis Power & Light— 52 1st M 5s 1957 ser 101% J&J A Indianapolis Ry 5s, 1967 Indianapolis Water— 1st mtge 3%s 1966 Indianapolis W W Sec Co— Inland Gas 6%s 1938 Certificates of deposit 101 102 78 35 83 10 s f 7s 1935 1st & ref g 5s '66 op tax-ex.J&J Cer tificates of deposit 2% A&O / / M&S f fk 6% notes 1932 Certificates of deposit Conv g 7% note 1932 50 52 100 95 97 101 103 Internat Ry ref 5s '62 op.M&N International Telep & Teleg— Deb g 4%s 1952. J&J Conv deb 4%« Deb 5s 1955 1939 ...J&J 87 98 100 35 32 Interstate Tel & Tel 5%s 1953J&J Investors Telephone 3s 1961 -J&J 52% Lockhart Power 4%s 82 85 Long Beach Gas 1st 5s '56 63 195b ser 47 102% 82 80 114 104% 95 93 105% 100% 78 104 85 Lexington Wat ref 5%s 1940.F&A LexingtonWat PowColst5s'68J&J 96% 66% Va* 68 T 1st & ref 4 %s 1978 Mississippi Power Co— 98 95 100 1940J&J M&S 5%s '47 J&D 86 1st & ref 5s ser B 55 59% 43 1st 4-5s 1956 vlissourl Power & Light— 1st mtge3%s 1966 93 104% 100 103 65 75 100% 101 102% 102% 112 101 98% loo" 61 65 97 70 73 Lower St Lawrence Power— 1st s f 5s ser A 1955 A&O 55% 59 Luneburg Pow L & W W(Gorm'y) 36 38 40% 56 Telephone— %s series C 1961 M&S Missouri Val Pub Ser 6s '39 J&J 100 f 5s I960 Missouri inc 9s ser A '56--A&O 40 A&O g5s '41.M&S Mohawk Valley ref 6s 1991 M&N Debenture 6s 2031 A&O Monmouth Cons Wat 5s '56. J&D Monongahela Light & Pow Co— 1st M 5s 1949 J&D Monongabela Valley Water— 1st M 5%s 1950 aeries A..J&J Monongahela West Penn Pub 8er 1st & gen mtge 4%s 1960.A&O Debenture 6s 1965 A&O Mont Cities Gas 7s A 1937.-M&N 32 1st cum Montana-Dakota Ext 1st 5%s-6%s 1944 Called April 1 at 105. X Called May l* 1105. b Basis, 21% f Price includes accrued interest, J&J Montana-Dakota Utilities— Conv deb 4%s 1946 A&O Montana Power— 1st & ref mtge 3%s 1966—J&D Pow 5%s 1957 M&N Montreal Isl Montreal Lt Ht & Pow Consol— 3% deb 1939 1st & coll s f 3%s 1956 1st & coll 3%s 1973 conv k Last sale. » 60 91 91 81 115 101 98 99 89% 99 Power— 85 M&N / 89 8 65 42 82 1st Msf 7s 1948 25-yr s f 5%s 1953 ser A..M&S Italian Superpower Corp— Deb 6s 63 (without warr). J&J Jackson County (Mo) Lt H & P— 1st 6s series A 1956 ...J&D 90 96 F&A s Income 7s 1956 Mob Lt & RR Cons 55 65 65 J&D Mobile Gas Service Corp— 1st 5s 1956 .A&O 102% 60 J&J A&O 4 86 50 1957 vllssouri Public Service Co— 98 38 85 74 109% 100 106 vll880uri Edison 1st 102" 93 ...M&N 61% J&D Missouri Gas & Elec 6s A '44 M&S 65" F&A 1 '50.M&N M&S 1st M 5s 1957 1st J&D J&D 94% Miss Val Pub Ser 1st 5s '54-J&D 97 85 100 63 99 85 Mississippi River Pow 5s *51-J&J Deb 5s May I. 1947 M&N 80 x 99% Mississippi Power & Light— 166" 1st mtge 4%8 ser A 1966.M&S Lower Austrian Hydro-Elec— 1st 8 f g 6%8 1944 F&A Island Gas & Electric— 85 118% 105% M&N 1st & ref 5s 1955 25 96 93 M&N 54 93% 64% 1955.-J&D 92 IsfcM sf 7s 1952 99 M&S 89% 75 90 A 85 98% 97% Minneapolis Gas Light Co— 1st mtge 4s 1950 J&D Minnesota Nor Pr jt 6s 1944 A&O Minnesota Power & Light Co— 1st & ref 5s 1955 J&D 102 89 — 87 Louisville Gas & Elec Co (Ky)— 1st & ref M 3%s 1966 M&S Louisv Ltg 5s '53 unstmpd—A&O General 5s 1950 Lowell Gas Light— 75 J&D J&J B 103 J&J Louisv Ry cons ext 5%s 2d 4%s 1940 1st M 5s 1971 ser Milwaukee Gas Light Co— 1st M 4 %s 1967s. J&D J&J 5%s 1953 J&J Isprco Hydro-Elec Co (Italy)— * 95% Long Island Lighting— Secured g 6s 1945. J&J Conv deb g 5%s '52 ser A. A&O Long Island Water 5%s '55 M&N Lorain Telep 1st 5s 1958 J&D Los Ang Pac Co—See Pac El Ry Los Ang & Pac RR-See Pac El Ry Los Angeles Railway Corp— 1st & ref s f g5s 1940 _J&D Los Angeles Ry 5s 1938._A&O Los Ang Trac 1st cons 5s '38. J&D Louisiana Pow & Light Co— 1st mtge 5s 1957 J&D 44 52 84 Ry & Light— 109 M&S Lombard Elec Co (Italy)— 1st extl 7s 1952 Iowa Southern Utilities— Deb 6s Lexington (Ky) Tel— 1st M 6s ww 1944 Milwaukee Elec 1st & ref 5s 196i Leipzig Overland Power— S f mtge 6%s 1946 M&N / Lewiston Gas Lt 3%s C '56-A&O Lex (Ky) Ry—See Ky Tr & Term 10 88 102 Middlesex & Somerset Trac— 5s 1950 52 J&D 21 97% A&O Mich Fuel & Lt 6s A 1950—J&D Michigan Gas & Elec Co— 1st & ref 6s 1943 M&S 1st M 5s 1956 J&D Michigan Public Service Co— 1st g 5s 1947 ser A A&O Middle States Telep 6s A '47. J&J Middle States Util 6s A 1951 A&O Middlesex & Boston St Ry— 1st and ref mtge 5%s 1942.J&J Middlesex Elec Lt Pow 5s '55 J&J Middlesex Water 5%s 1957 _A&0 20 8 18* 44 Telep Co— 72 W*> 59% 1% 30 79 Lincoln Pub Serv 5s 1939 % 22 J&J Lincoln Gas & Elec 5s 1941 57 ■8!" Midland Util deb 6s 1938..-M&S 102% * J&D lmpt g 5s 1960 1st extend 5s 1945 Conv deb 100 M&N t 105 C 1952 36 . 1st & ref 5%s 1950 1st & ref 5%s July ser 65 103% Middle Western Tel 6s 1943.J&J 45" 77 J&J 113 Iowa El Lt & Pr 7s ser O '42.F&A 104 1st mtge 4s ser E 1955 J&D Iowa-Ill Telep 2-5%s 1949--A&O / 35 Iowa-Nebraska Lt & Power— 91 1st lien & ref 5s *57ser A..M&N 89 1st 1 & ref 58 1961 ser B M&S Iowa Pow & Lt 1st 4 %s 1958 M&S 105% 99 Iowa Pub Serv 1st 5s 1957—J&D 75 Deb 5s 1968 M&S M&S 47% Ref & 50 1st 4s ser A 1961 M&N 41 35% 62 20 40 9 105 40 Iowa Electric Co— 1st mtge 5%s 1959... D«h«Tit,nre 6s 1960 f ?5.. Lexington Util 1st 5s 1952..F&A 77 100 103% B 1942—F&A Telep 5%s 1948._J&J 41% 78% 44% 40% P&A Int-State Bridge 4-6 %s '50 M&N / Interstate Gas & El 6s 1951..J&D Interstate Power 1st 5s '57 J&J Deb gold 6s 1952 J&J , Interstate P S (Ark) 6s 1940 M&S f Interstate Pub Serv Co— 1st & ref 6%s 1949 ser B..J&J 1st & ref 5s 1956 ser D J&D 1st & ref 4%s '58 ser F...M&S Interstate Rys 4s 1943... P&A / Interstate Telep Co— 1st M 5s 1961 A&O 101 90 98 50% 43% ser M&S 1st M 5s 1961 Lawrence (Mass) Gas & Elec— 1st M 4%s 1940 ser B F&A Lehigh Power Securities— Deb g 6s 2026 ser A F&A Lehigh Valley Transit— 1st extend 4s 1945 J&D 63 80 Michigan Associated 74% 66 _ Miami rfridge— Income deb Ps (w-s) Mar 1952. 48 Lake Erie Pow & Lt 6s 1946-A&O 52 60% 49% 104 41 coll notes A&O / f 7s 1957 ser A 1st M 4s 1971 ser E M&N 1 st mtge 48 ser G 1965—M&N Metrop Edison Corp 6s "61 .M&S Metro Wat Sewer—See Fgn bds Metropolitan West Sid*1 "L"— 1st gold 4s 1938 F&A Exten gold 4s 1938 .J&J Mexican El L 1st M g 5s '42-J&J Mex Lt & Pow 1 st 58 40 s f__F&A Mexican Utilities 7s 1939.—A&O 49 La Crosse s Metropolitan Edison Co— 1st M 4%s 1968 ser D 104 1st mtge 3 %8 ser A 1966..A&O Lancaster Co Ry & Lt 5s 1951 J&J 98 .J&J15 104 152% 102% Lake Sh Gas 1st 5%s 1950—M&N Lake Superior Dist Pow— Internat'l Pow Ltd 6%s 1957M&S Deb 6s 1957.. M&S Debentures 6s 1955 J&J International Power Sec Corp— Sec 7s 1952 ser F— 85 102 1st 92 48 41 3% International Railway (Buffalo)Buff Trac 1st 5s 1948 J&D Buff & Lock 1st g 5s 1938.. J&J 73 88 82 80 F&A Gas Lt 5s 1939 103 85 65% A&O 1948 6s Debentures A&O Meridionale Electric Co— 1st M coll tr 5 %8 *53 ser C F&A 1st col&ref 5%sl960 ser D F&A 68 coll notes ser A 1942 F&A , Laclede 1st & ref 6s 2 F&A 1951 86% 81 _ 67 82 _ 10 14 41 E 5s 98 J&J 67 90 1 85 _ Certificates of deposit Intercontinents Power Co— Debs A 6s 1948.. J&D / International Hydro-Elec System Conv deb 6s 1944 w w_ A&O ser 1st 95% 109 Market st Ry (San Francisco)lst s f 7s 1940 ser A Q Jan 66 70 80 KIngsCoElev—See Bklyn-Queens Kings Co Gas & 111 1st 5s "40 A&O Kings Co Ltg 1st ref 5s '54—J&J 1st ref 6%s 1954 -J&J Kingsh'way Bdge 6%s '62..A&O Knoxville Trac 1st 5s 1938—A&O J&D Val RK —F&A Ref & gen S f deb 5s 1949 ser A 96 Works— B 1966 J & J 4s series C 1967.J&J Mass Utilities Associates— 104 6s g 1997.-A&O Blkyn 4s '39.J&J Water A&O 1st mtge 4%s 1952 Maritime Tel & Tel— 66" / 21% Marion-Reserve Power— Maysville P Serv 5%s A 1942A&O Memphis Power & Light Co— 1st & ref 5s 1948 ser A J&J 1st & ref 4%s 1978 ser C-.A&O Memphis Street Ry— 3-5s series A1945 A&O 3-5s series B 1945 Ann April / 92 45 Mar 31 43 Mar. 31 Sec 7s 1957 85 88 10% 6% % sec bonds 1955ser C J&D 87 80 72 Maryland Light & Power— 1st M 5%s 1950 ser A 7% 35 93 84 /, 43% 6% 29 M&N Pureh money Edison El 111 J&D / f 7s 1941 s Market Street El Pass Ry— See Phila Rapid Transit 73 90 3% fk 42% 109% 88 Kokomo \v* 13 82 Inland Telep 1st 6s 1948 A&O Inter borough Rapid Transit— 98 71 1st 5s ser A 1958 Lackawanna & Wyoming 11% 11% J&D 114% 105% 98 40 5 s f 6s 1941 ser B M&N Coll tr 6s 1957 ser 0...__A&0 72 82 1956..F&A 40 8 11 35 Coll tr Deb 102% J&J Sinking fund deb 7s 1938.P&A Inland Pow & L s f 6s *36 A.M&S 108% 68 13 Mannheim & Palatinate Elec Cos 95 60 44 J&J P&A 1st M s f 5%s '51 ser A...J&J 1st Msf 5%s 1952 ser B..J&J 3% 19 18 Manitoba Power Co Ltd— Kings County Elec Lt & Power— J&J Secured 5s 1958 / — Traction 1st 6s 1948.-P&A .... 23" 53 1st lien & colltr 5s _ Indianapolis Columbus & Southern / D M&S A&O 1st M 5s 1978 J&D f J&J / 13 23 65 69% Key West Electric 5s Keystone Pub Serv— 20 1% 18% 17 M&S Keystone Telephone Co— 1st & ref 5%s 1955 ser A—J&D 1st 1 & ref 6s 1951 ser B A&O 45% 43% Indiana & S W Gas & Utll— 6% conv notes 1940 Indiana Telep 5s A 1960 113 28 / / f / Ref & gen 6-4 %s ser F&A F&A 1st M 5s 1969 ser I -P&A 1st 7s series J 1957 F&A 1st 68 series K 1957 M&S Keokuk Elec 6s 1945 M&N Kewanee(Ill)Pub Ser 6s A '49 J&J 114 P&A 96 5s series H 1961 110% 106% 111 1, 1950.J&J 1st 1 & ref 5s 1963 109% 81 71 110 Kentucky El Pr lstsf 6sl960J&J Kentucky Fuel Gas Corp— 1 st 6%s 1942 with warr. .J&D Kentucky-Ohio Gas Co— Ctfs <ndebt 2s 1958. J Kentucky Power & Light Co— 1st 5%s series A 1948 M&S 1st m 5%s 1948 ser B M&S Kentucky Traction & Terminal 1st & ref gu 5s '51 opt *14 P&A Lexington Ry 1st 5s 1949.J&D Kentucky Utilities Co— Indiana General Service— 1st & ref M 5s Jan 11X 30 22% 105 Kansas Power & Light Co—■ 1st mtge 4%s 1965— —-1 72 103 A&O '90.. A&O dep. 2d gold 4s 2013 J&D Manila Elec RR & Ltg Corp— Cent Hanover Bk ctfs of 15-year Deb gold 6s 2022 ser A. J 1st mtge 4%s 1980- ——Kansas Power 1st 5s 1947— 82 Indiana Central Telep Co— . 1957——J&J 1st mtge 3%s ser A 1966. Kansas Gas & Electric— 88% A&O / serA 1941 Gen s f 7s ww 1941 Manhattan Ry con 4s g 104" 96 95 Terminal— f 6%s 98% f 108% 104 1965—A&O Manchester s 108 113 100 1 st Ask 107 107 M&S J&J 103% Kansas Elec Power— 101% Telegraph— 99 I 97 1st ref 4s series O 87 % 80 78 M&S 103% ... 95 Gas & Elec— 5s'48 op'13 A&O 1st & ref 6s 1954 95 MacLaren-Que Pow 5%s Febl'61 94 5%s series B 1964 M&S 85 Macon Gas 1st mtge4%s *52. J&D 105 Macon Ry & Light 1st 5s *53-J&J Madison Rys 1 st g 5s 1936..M&N f 10 34 1 31 6. / 20 3 Cons mtge 3s B Dec 31 1962 — / 103 Joplin W W 1st 5s 1957—M&L 102 Kansas City Gas 1st 5s '46..F&A 111 1st 6s series A 1942 F&A 45 108 1st mtge 58 1952 series A..J&J Indiana Assoc 1st mtge 4%s ser B B._..F&i 1961 ser O J&I Con 92 A&O S f deb 5%s 1957Illinois Water Service Co— 120 33 Jer City Hob & Pat—See P S Johnstown Traction 4s Dec 42 Illinois Power & Light Corp— 1st & ref 6s 1953 series A..A&O 1st & ref 5%s 1954 ser B..J&D 1st & ref 5s 1956ser C J&D 4% 105" 1st & ref 5s 1947 ser 1st M 4%s 103 % 118% B—.M&S opt 106" 88 111 Community Tel 6s 1949—J&J Illinois Northern Utilities Co— 1st & ref 5s 195 1943 J&I (N"i)Telep 5s 1954 J&I Jersey Central Pow & Lt Corp— Deb gs 7s / f Jamest'n 101 107% 35 Debenture 7s 1944 121% 61 104 99 30 3 James River Bridge Oon>— 103 Illinois Bell Tel 3%s B 70-A&O Illinois Commercial Telep— 1st 5s series A 1948 M&S _ Luzerne Co (Pa) 1st ref&imp g Jacksonv (Fla) Gas— 3 Ms 1966 Houston Natural Gas Corp— Bid Bonds Ask Nominal. ...J&J F&A J&J 87 90 67% 76 85 88 102 104 49% 101 94% 50% 102% 96 « 76 PUBLIC UTTTJTT BONDS NOTICE—All bond prices are "and Interest" except where marked "f" and Income and defaulted bonds Quotations for -*!' securities are as near as possible for the closing day of the month preceding the date of issue Bid Bonds Montreal Tramways— 1st & ref g 5s 1941 opt J&J Oen & ref 5s 1955 series A. A&O Gen & ref 5s 1955 ser B A&O Gen & ref s f 4 Ms '55 ser O A&O Gen & ref 5s 1955 ser D.A&O Ask 97 71 71 99 75 M 75M 60 69 71 75M 73" 70 21 67 69 % 103 M 81 i 105 M 92 ■ 100 90 M , 92 5M 4% 77 M 5s series B 1947 J&D Nat Lt & Pow 6s 1949 M&N Nat Pow & L deb 6s 2026 A.F&A Deb 5a 2030 ser B M&N Nat Public Service Corp— 90 66 58 64 Debenture gold 5s 1978--F&A Certificates of deposit 44 M 44 H 45 Nat Toll Bridge 6s stmp *39.J&J Nebraska Pow 1st 4 Ms 1981-J&D Deb 6s 2022 M&S Nev Calif Elec 1st 5s 1956— -A&O M 1 108 40 M 42 42 72" 123 M M&N Newfoundland Light & Power— 121M 5 Ms 1971 lstsf 4 Ms 1956 New Haven Water— 104 117 55 106 H 87 89 87 103 102 New Orleans Pontchartrain Bdge let s f 7s 1946 M&S New Orleans Pub Service Co— 9H 10M 1st & ref 5sl952 series A A&O 1st & ref 58 1955 series B—J&D 87 M 5s stamped 85 89 63 M 66 Inc 6s Nov 1949 ser A J&D Newport & Fall River St Ry— 4Mb 1954 J&J Newport Gas Lt 5s A 1961--J&D Newp News & Hamp Ry G & E— , 1st & ref 5s 1944 J&J 88 f 1st g 5r Nov 1 1938 99 M 100 99 100M 102 X — 69 mm — _ 74 M&N 70 73 N Y Cent Elec 1st 5Ms '50-M&S 1st 5s 1952 J&J N Y & East River Gas—See 85 99 M 95 N Y G E L H & P— New York Edison Co— 1st g 5s Dec. 1 1948 102 M 103 J&D 123 % Pur mon coll tr 4s 1949---F&A Ed El 111 N Y con g 5s '95 J&J 114 M 132 New Amster Gas 5s 1948—J&J NY & ER Gas 1st g 5s 44—J&J Con 5s 1945 J&J 116M 111M 111M 105 H NY&Weetch Ltg 4s 2004 J&J Deb g 5s 1954 op guar—J&J N Y Power & Light Corp— 1st mtge 4Mb 1967 A&O N Y & Queens Elec Lt & Pow— 1st & cons M 3 Ms 1965-M&N New York Rys Corp— . Prior lien 6s stpd 1958 J&J Adl income 6s Jan 1 1965—Apr Bleeck St & F F 1st 4s '50-J&J B'way & 7th Ave 5s 1943. J&D N. Y. & Richmond Gas Co— 1st ref M 6s 1951 ser A—M&N N Y State El & Gas Corp— 1st mtge 4s 1965 F&A 1st M 4 Ms 1980 M&S 1st 4Mb 1960 M&S New York State Rys— 1st con g 4Mb *62 op '13--M&N Certificates of deposit 1st con 6 Ms 1962 M&N Certificates of deposit... t Called April 1 at 107M^ 98 X 100 98M 99 21 21 10 60 J&D f 113 103 M 103 H 124M 114* U8M 113 113 107 91 1st M coll tr 5M8 '53 ser A.J&J con 4s '65 M&N Ohio Edison 1st & 1st mtge4s 1967 M&S 1st mtge 3^s 1972 J&J Ohio Elec Pow 1st M 5s '57 J&D Ohio L & Pow 1st 5s 1944--M&N Ohio Pow 1st & ref 5s 1952 B J&J _ 1st & ref 4Ms 1956 ser D.J&D Deb g 6s 2024 J&D Ohio Public Service Co— 1st mtge 4s, 1962 F&A Ohio River Bridge & Ferry— 1st 5s 1942 106M 8 65 52 60 86 107" Sept 23 87 M 98M 46 100 50 22 95 M Ohio Valley Gas Corp— 1st 6 Ms 1943 (with warr) 25 90 104k 100 91 67 69 99 100 100 M % 82 106 105 108 103 103 M 100 113M 115 Ltg Corp deb 4 Ms 1945. A&O 104 105 9 11 Pac Pacific Northwest Conv deb 6s M&N 1st M 5s 1948 9 ser A F&A 1st 5s series B 1949 F&A Oklahoma Ry 1st & ref 5s '41 J&J Income 5s 1990 Apr 1 / Old Dominion Pow 5s May 15 '51 Omaha & Coun Bluffs Ry & Br _ 72 73 85, 87 86 89 1st 93 s f 6s 1947 A&O Omaha & Council Bluffs St Ry— 1st extd 4s 1947 J&J 104 M 97 105M 105M 3 % 3X 56 1st extended 104 104 Non-cum inc deb 6s 1950-M&N Penn Central Light & Power Co— 1st & ref 4 Ms 1977 M&N 1st 5s 80 f 90 75 '44M&N Light Co 6Ms 1950-.M&N 77 27 32 74 79 M&N 78 80 M 5Ms 1960 -F&A Penn-Ohlo Edison Co— Deb g 6s 1950 ser A ex-w_M&N Deb 5 Ms 1959 ser B F&A Penn Pub S 1st 6s ser O '47-M&N 1st & ref 5s series D 1954-J&D Pennsylvania Electric Co. 84 87 1979 coll 1st & ref 4s 1971 ser F 1st & ref 5s ser H 1962 M&N A&O Pennsylvania Gas & Elec Co— 1st 1 & ref 5Ms '55 ser A..M&S 1st L&Ry 5s 1958 M&S Pennsylvania Gas & Elec Corp— Deb gold 6s 1976 ser A M&S Pennsylvania Pow & Light Co— 1st M 4Mb 1981 -.--A&O Pennsylvania State Water Corp— Penn Telep 1st M 4s 1965..A&O Penn Water 1st 3 Ms A '67--F&A s f 5s '40. J&J 1st r«f 4 Ms 1968 ser B. -M&S Penn Water & Pow ser 80 85 75 80 100 102 92 95 M Peoples Light & Power Corp— 1st lien 5 Ms 1941 J&J / Conv deb 5s 1979 J&J / 92 62" 64 67 70 94 M 84 M 105M 94 % , 86 406 M QQ 106 M 107" 107 M 72 83 55 58 15 116 109M 82 M 85 112 114M 72 6M 74 49 3-6s 1961 M 62 50 Peoples Gas (N J) 1st 5s '68-J&D lstsf 5M81960 53 J&D Peoples G & Fuel 6 Ms ww'37 A&O / 10 People's G L & Coke, Chicago— 1st cons g 6s 1943 A&O Refunding gold 5s 1947-.M&S 108M 1st & ref 4s 1981 ser B J&J 1st & ref mtge 4s ser D *61 -J&D Mutual Fuel Gas g 5s' 47 M&N 81 IVA A *67-F&A 51 -J&D 7 96 Peoples Tract—See Phila R T Peoples Water Service (Md)— 1st lien 6s A 1949 w w—F&A I960--.- 72 . 98 1st consol 4s 1948— Prior lien 5s 1948 1st con 5s 1948 1st & ref 5s 1950 M&N M&N M&N F&A Philadelphia 68 i04M 91" Duqueqpe Lt 1st 3Ms '65.J&D 2d Ave Tr 1st 5s 1934 J&D So Trac 1st & coll tr g 5s'50A&0 1997 con ctfs__J&J 5s '38-J&J Philadelphia Electric— 1st & ref mtge 3 Msl967—M&S Philadelphia Elec Power Co— 1st mtge 5Ms 1972 F&A Phila & Garretsford St Ry— 1st 5s 1955. F&A Philadelphia Rapid Transit— Coll tr g 5s 1957 opt s f F&A S f guar 58 1962 M&S 6s gold 1962. M&S 101H — - 96 H 84 97 M 87 M 1st 70 73 Hest Mantua & 52 5§"'" 1st extd 5M»193§ Market Street Elev 10 14 43 45 72 m r e J&J 6s 1944 Darby Media & 1st 4Ms 1936 Ches St Fairm 1st g gu 48 1955 Union 65 51 112M :::: 99" io5m 53 M&N Pass Ry M&N People's Traction Co— P P Ry tr ctfs 4s '43-F&A / Union Traction 4s 1952.J&J 113 n 32 108M 80 85" 26 28 W* 26 29 28 28 105 M 112M 113 35 38 73 77 60 68 73" 81 86 17 20 50 55 85 88 Traction— 113M k Last sale. 28 10oly* 80 — Ry J&J / Elec & Peo 4s tr ctfs '45.A&0 / Ontario Transmission Co Ltd— 1st gu g 5s '45 opt bef '16.M&N 80 98 M 104 Company— Secured gold 5s 1967 J&D Ardmore Street 5s 1958—A&O West End Trac 66 87 ' Peoria Water Works Co— United Trac 5s / This price includes accrued interest. 59 103 M 103 H Ref mtge 3 Ms ser C 1966-J&D Parr Shoals Pow 5s 1952 A&O Paterson & Passaic Gas & Elec 3% 5 Basis. M&S / 1950 Duquesne Trac 1st 5s '30-J&J Pittsb Rys 5s 1953 A&O 40 20 Ontario Pow 5s '43 op to '13-F&A 3M Serv— Pacific Power & Light Co— 1st Ms 1955 F&A Pacific Teleph & Telegraph— Oklahoma Power & Water 35 Pub 99 H Debenture 4s 1950 84 115 65 J&J Ohio Valley Water 5s 1954 J&J Ohio Water Serv 5s A 1958-F&A Conv deb 5s 1946 107 H 4s 94 116 114M 1st & ref M 3 Ms ser H '61 J&D 1st & ref M 3 Ms ser 11966-J&D Pac L & P Co 1st 5s 1942...J&J Peoples Telep (Butler, Pa)— J&J — Ohio Term (Oleve) 6s 1947.-J&D / Ohio Val Elec Ry 1st M 5s '46J&D / Oklahoma Gas & Electric— 1st mtge 3 Ms 1966 J&D Debentures 4s 1946 J&D Oklahoma Natural Gas— 1st mtge 4Ms ser A 1951 _M&N 106 106 H J&J 7 Ms 1938 113 M 105 M Ohio Cent Telep 1st 6s '47 Ohio Cities Water Corp— 34 83 Pacific Gas & Electric Co— 1 st & ref M 6s 1941 ser B-J&D 1st &ref M 4s ser G 1964.-J&D Penn Wat Serv 5s —F&A 50 38 31 1st coll trust 4Ms 1966--M&N 9M 6M8 wth stock 1947 J&D / 40 104 M Ogden Gas 5s 1945 _M&N Ohio Assoc Telep 4 Ms 1966. J&D 99 104 M&N 1st 1 & ref 3 Ms ser D 1965. A&O 1st lien & re* 3 Ms ser E'66 A&O N Y Gas Elec L H & P Co— 98M 97 M Ocean City Coastal Highw Bdge— 104 M&N New Rochelle Wat 5 Ms '51-M&N 1st 5s series B 1951 87 % 101 Union El (Loop) 5s g'45_.A&O 956 19 ec 7s 1946 Oberpfalz Elt Newp News & Old Pt Ry & El Newport Water 5s 1953 97 129 124 123 Northwest Louisiana Gas— 1st M 6 Ms 1936 with warr.J&C / 7 Northwestern Electric— 1st 6s stamped 1945 103 % M&N Northwestern Elevated (Chic)— 1st mtge 58 1 941 opt M&S Deb 5s 101M 45 34 Penn-Jersey Water— 128 Certificates of depositNorthwestern Pub Serv Co— 1 st M 5s ser A 1957 J&J N'western Telog 1st 4 Ms '44. J&J k Northwestern Utilities, Ltd1st ref 6-7s ser A 1949 J&D .... 101 100 5s 1942.-.J&.1 Refunding 5s 1961 M&S Los Angeles Pacific Co— 1st ref g 4s 1950 opt '15--J&J Los Angeles Pacific RR— 1st & ref mtge 5s 1943-M&S 1st Nova Scotia Light & Power Co— 1st M s f 4s 1957 J&D NY PA NJ Utilities— 87 J&J 107 M 88* 87 / / .... 99 Pacific Elec Ry g , 102 75 Northern N Y Utilities Inc— 1st lien & ref 7s 1946 A M&N 1st lien & ref 6s 1947 B—M&N Northern Okla Gas 1st 5s '46-J&J Northern Penna Power Co— 1st & ref 5s 1956 ser A J&D 1st & ref 5s 1962 A&O Northern States Power Co— New Mexico Power— 101 5s 1964 J&J Paterson Ry—See Pub Serv Corp 95M Northwestern Light & Power— 6s series B 1950 -F& Northwestern Power Co Ltd— 99 106 Pecos Valley Gasext6 Ms Pecos Valley Power & 100M 50 A&O (Minn)— 1st mtge 4s 1961 J&J Ozark Power & Water Co— lstsf 5s 1952 M&S Pacific Coast Power 5s 1940-M&S 83 58 M&N 106 85 45M N J & Hud Riv Ry & Ferry— 1st gold 4s 1950 M&8 100 119 56 115 98 105 116 44 19 114 Ottawa El Ry 4 Ms *48-*55-J&J Ottawa L H & Power— Ref & coll tr 5s 1957 ser A.A&O 35 100 f g 5s 1940 opt Utilities Co— toM«f 72 consol gold 5s 1949 ._M&S Paterson & State Line Traction— 101 s ' 49 83 105M 30 F&A Coll tr Ask 67 J&D A Refmtgle3MsserB 1966.-A&O 1st lien 4-6s 1968. M&N S freg Income 3-6 Ms May 1 '69 / N'west Cities Gas 6s 1949 J&.< / 115M 1st mtge 5s 1958 .J&J New Orleans City & Lake— 1st s f 5s 1943 —J&J New Orleans City RR 5s'43 J&J 35M Northern 98 M 5s 1951 M&N 9^ 19 112M 114M 106 103 M J&J f J&J N J Pow & Lt 1st 4Mb '60—A&O New Jersey Water Co— 1st mtge 58 1950 F&A 74 123 % 122 M A&O M&S J&J / 1st & ref M 3Ms 1967—-F&A Northern Texas Elec Co— 102 M J&J 97 45 Service— 1st & ref 5s 1969 ser D M&S 1st & ref M4Ms 1970ser E J&D Nor Indiana Telep 4 Ms '55-M&N 76 M J&D Public North Ind Gas & El 6s '52--M&N Northern Ind Pub Serv— 1st & ref 5s 1966 ser O M&N 120 103 H 34M 103 5 M« ctfs of deposit 1961 N'eastern Wat & El 6s 54 101H M&N 101H 102 M 101 Northeastern ser - 70 1956. J&J North Boston Ltg Properties 102 % 3 Ms secured notes 1947 A&O North Carolina Gas 6s 48--M&N f 2M North Central Gas 5 Ms 1955 A&O 70 39M 39 M 39H 35" S f deb 5 Ms 95 102 J&D 1942 Oft h/. voys 100 % 102 M North Penn Gas Go— 1st M & lien 5Ms 1957—M&N 118 116 —M&N Convertible deb 5s 1962 J&J New Engl Pow Assn 5s 1948-A&O Deb 5 Ms 1954 J&D New England Power— conv 61 North Shore Electric Co— 1st & ref g 5s '40 op *20—A&O 1107 M North Shore Gas Co of Illinois Joint 1st mtge 4s ser A '42. J&J 82 119 Newcastle (City of) W 5s *41 J&D New England G & E Association Deb g 5s 1947 M&S New Mex Gas 62 55 Deb 5Ms 1963 ser B —-F&A15 Deb 5s Nov 15 '69 ser O M&Nl 5 Nor Amer Gas & El 6s 1949-.J&J / North Amer Light & Power Co— 92 GELH&P Newark Cons Gas con 5s '48-J&D Newark Gas 6s Apr 1 1944--Q-J New Brunswick (NJ) Lt H & Pow 4s Dec 15 1939 J&D 4Mb 1983 53 Deb 5s 1961 F&A North American Edison Co— Conv deb 5s 1957 ser A__M&8 69 M 1941 J&J New Amsterdam Gas—See N Y _ 108 ys (Hoboken, N J) 5s 1938—A&0 109 112 Deb 6s July 1st & ref 4 Ms B 1970 1st & ref 4Mb C 1981 106M North Hudson Lt H & P Co— 45 1st M 5s 1957 Otter Tail Power Co 105 % North Continent Utilities Corp— 1st coll & ref 5Ms '48 ser A-J&J 82 63 1952 series A 1st 4 Ms 1961 ser B 78 _ 102 Bid BondH Orange & Pas Val R—See PS Corp Oregon Elec Ry 5s '33 opt--M&N f Oregon-Washington Water Serv— Ottawa Valley Power Co— 1st M s f 5 Ms 1970 106M North American Co.— Nat Elec Pow Co deb 5s 1978 J&J Nat Gas & El Corp 5s 1953.F&A 1st 58 106 See N Y Gas Elec Lt & Pow Mutual Un Tel—See West Un Tel . 104 M 104M 104 M 76 Niagara Falls Power— 1st & ref 3 Ms 1966 M&S Niagara Lockport & Ont Power— 1st & ref 5s 1955 ser A A&O Nippon Elec Pow Ltd (Japan)— 1st mtge 6Ms 1953 J&J Norf & Ports Bdge 6Ms '47—F&A ff S* Narrangansett Elec Co— 1st mtge 3 Ms 1966 J&J Nashville Gas & Heating Co— 5s 1937 (not guar) M&N Nashville Railway & Light— Cons g 5s 1953 opt 1908 J&J Ref & ext gold 5s 1958 J&J Nassau El RR—See Bklyn Queens Nassau & Suff Ltge 5s 1945--F&A 3 MR series A 1961 New England Tel & Tel— Ask 103M 105M 105M 1st M 5s 1951 ser A M&N N Y & Westchester Lighting— 2d income 8s Dec 15 1969 / 19 Mountain States Power Co— 1st & ref 5s 1938-r J&J 65" 1st M 6s 1938 series B J&J Muncie Wat Works 5s 1965.M&N 105 Conv deb 6s 1948 Conv deb 5s 1950 M&N M&N M&N taxex.M&N Ref mtge 3 Ms ser B 1967--J&J N Y Water Service Corp— 104 Morgantown Water 5s 1965--J&J Mount Hope Bridge 5s 1969_J&D Municipal Gas &E1 Corp of Reckinghausen 7sl947 J&D Municipal Serv coll 6s 1956.F&A Mut Fuel Gas-See Peoples GL&C Bid 104M Bonds N Y tteam 6s 1947 Lt M 5s 1951 1st M 5b 1956 N Y Tel 1st 4Mb '39 Nominal. 5M 10 80 7 14 April, 1938] UTILITY PUBLIC 77 BONDS NOTICE—All bond prices are "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue Bid Bonds Phlla Suburban 1st s f 4s 1965 M&S Phlla & West Chester Traction 1st 4s 1954 J&J 105M ~7~~ 55 95 Pinellas Wat Co 5Ma 1959.M&S Pitts Canonsburg & Wash 5s 1937 Plain field St 60 Gen M 434s May 1st s f 4s Oct 1945 101 ' 103 75 106 90 100 20*4 Henry LII & P 1st 5s '46.F&A Portland Elec Pow 6s 1950.M&S Portland (Ore) Gas & Coke— 1st & ref g 5s *40 opt '20.-J&J 9M 47 A&O 2334 1034 49 8* 104 45 85 10334 106 107 10734 1071 10034 106M 6s 2134 30 28 2934 San 103 99 8734 105 105 10034 9834 102 135 J&D 136 9534 102 1947 69 111 104 10434 102 109 10834 10434 J O Hob & Pat 4s 1949.._M&N 20 21 2 Orange & Passaic Valley— 1st 5s 1938 J&D 9534 106 5 9934 10034 104 107 105 107 7 5 85 9934 6934 6934 71 7134 66 69 A&O 47 50 M&N 13 15 1 st M g 5s 1939 opt 1914—M&S Seattle Gas 1st 5s 1954— A&O 99 100 II834 52 54 1st & ref g 5s 1956 op *21—A&O 1st & ref 5s 1966 series O.M&N 11134 Seattle Lighting Co— 1st 5s 1944 1st & ref 434s 1978 ser D.M&N 1st & ref 4Mb 1980 ser E.J&J 10334 Guar g 5s Marchl .1953.M&S Public Service Co of Nor III— 1st & ref 4Mb 1981 ser Income 90 _ F.A&O 1st 1 & ref M 4 M ser T '60.J&J Public Service Co or Oklahoma 103 U134 10534 102- 104 105 101 10234 10434 105 98 P Serv of Penn 1st 534sA'53_J&D Consol Corp— 38 42 59 6034 9934 99 Public Utilities M M&S Secured conv 6s 1938.—-M&S 1st coll 4-5Mb 1948 A&O 32 60 Puerto Rico El Pow 4s to '56.J&J 103 Puget Sound Navig 6s 1938.M&N Puget Sound Power & Light— 1st & ref 534s 1949 _J&D 1st & ref 5s 1950 ser O—-M&N 1st & ref 4Mb 1950 ser D.J&D Puget Sound Tel 5s A 1952.J&J Quebec Power— 1st & coll 4sl962— M&S 95 5Mb 1948 Queensboro Gas & El 5s '52.J&J Conv g deb 534s *52 ser A. A&O Quincy El Lt & Pow 5s A'47 M&S Rapid Transit St Ry 8s 1941. A&O Republic Nat Gas 1st 6s 1954J&J Republic Service Corp— 1st coll trust 5s 1951 J&D Rhine-Ruhr Wat Serv Extl deb 6s 1953 6O34 If* 96 — 2634 97 83 " 98" 56 25 32 ...J&J 95 64 68 67 70 100 Jl J 93 Rochester Central Power Corp— Deb g 5s 1953 M&S Rochester Gas & Elec Corp— Gen mtge 4Mb 1977ser D.M&S 11834 108 5s series E 1962 M&S Gen 3 lis series H 1967—M&S 10834 Rochester & Lake Ontario Water 5s1938 M&S 99 Roch Ry cons 5s g 1930 A&O / 40 21 2d 58 g 1933 ctfs of dep—J&D / b Basis. Southwestern notes 1935 A&O Certificates of depositDebenture 6s 1951 .F&A 6% Southeastern Gas & Water Co— 1st lien 6s 1944 J&D 98" 72 10834 99 98 r 103 100 101 5434 69 82 87 21 1st M 4Mb 1970.... Sutter Butte Canal 634s M&S Debenture M&S Ref mtge 3 34s May 1 I960-J&J Ref mtge 3 34s ser B 1960—J&J Southern California Gas Co— 1st & ref 4Mb 1961 M&S 1st M & ref 4s Aug 1 '65. F&A 58 A&O 1961 92 94 98 9934 1953 F&A M&N 1st M 5s 1943 9834" 106 Ref s f 6s series A 1955 Tennessee Electric Power— 1st & ref 6s 1947 ser A J&D 1st & ref 5s 1956 J&D Tenn Pow gu 5s 57 62 38 38 3734 40 38 3634 47 43 42 10 15 10134 105 10434 9734 116 12134 13 2 5334 81 76 65 7234 1962 opt__M&N 1st & ref 5s 1970 Terni Hydro Elec 634s A&O 68 72 6234 103 50 102 Terre Haute W W Corp— 1st M 6s 1949 ser A__ 103 1st M 5s 1956 ser B J&D F^cA Texarkana Wat 1st 5s *58__F&A 7534" 74 10234 10334 10634 108 104 103 10334 10334 10434 10434 104 10334 Texas Cities Gas 1st 5s '48.-M&N Texas Consumers Water— 1st 6s A 1939 —A&O Texas Elec Ry 5s 1947 Tex Trac 1st 5s 1937 opt Texas Electric Service Co— 1st mtge 5s 1960 Texas Gas Util 6s 1945 1st 2-6s 1951 Texas Hydro Elec Corp— 1st mtge 6s ser A 1956 Texas Pow General 10634 10634 10734 107 89 106 92 Corp 6s 1956 634s 1956 Texas Power & Light— Deb g 6s 2022 ser A » J&J J&J Nominal, r Canadian.price. 103 101 101 87 8 2 2 J&J A&O 26 M&S 24 A&O 63 M&S 84 M&S 63 J&J 1st & ref 5s 1956 M&N Texas Pub Serv 1st 5s (w-s) 1961. Texas Traction Co 5s 1937.-J&J / 44 k Last gale. 65 78 1953.F&A 104 A&O 99 78 Terre Haute Traction & Light— 1st con M g 5s 1944 _M&N Corp. A&O 52 63 Tennessee Public Service— 23 /This price includes accrued interest, 10534 Tennessoe Eastern Elec Co— 9734 9734 10234 Calif Water— 434s 1962 M&S M&S '43.M&S Syracuse Gas g 5s 1946 J&J Syracuse Lighting 5s g 1951-J&D Syrac Rap Tr 1st g 5s 1946.M&S 2nd mortgage 5s 1930 J&J Taiwan El Pow s f 534s 1971 _J&J Tampa (Fla) Gas 534s '56 A&O M&N Temescal Water 1st 5s A '60 M&N 60 Southern Bell Telep & Teleg— 3 Mb debentures 1962 A&O Southern California Edison— 1st & ref mtge 4s 1960 M&S A&O Suburban Lt & Pow 6s 1938-F&A 28 Southern Canada Power— 10134 65 2134 A&O Telephone Bond & Share Co— Deb 5s 1958— J&D Telephone Service (Ohio)— 38 1st M 434s 1960 33 116 Steubenville Wellsburg & Weirton 1st 4 34s 1968 103 57 Southern 102 Super-Power Co. of 111— 10234 10234 90 334s 1940 334s 1945 104 105 38 102 36 Debenture 45 Debenture 6s 1966 J&D 6%conv notes 1935 J&J Certificates of deposit Standard Power & L Corp— Deb g 6s 1957 F&A Standard Public Service Corp— 1st lien 68 series A 1948 F&A 1st lien 6s 1948 ser B J&D Standard Telephone Co— 1st 1 coll tr 5Mr '43 ser A.M&N Conv deb 6s 1938 .—M&N Ry 1st 5s 1951 J&D 1941 g 49 10334 Stewart Mt Pr—See Salt Riv Vail 10234 S'eastern Indiana Pow 6s '43 M&N S'eastern P & L deb 6s 2025-M&S 10434 Valley Gas Co— ...A&O Called July 1 at 402. M&N South Pittsburgh Water Co— 1st lien & ref 5s 1960 ser A. J&J 1st lien & ref 5s 1960 ser B. J&J 1st M 5s 1955 F&A x-w 9634 9534 55 5s 1st lien & ref 5s 1957 J&J South Jer G E & T—See Pub Serv 1st lien 6s 10234 100 93 1st J&J J&J J&J Sioux City (la) Serv 6sl951_J&J Somerset Lighting 5s 1939..F&A Somerset Un & Middlessex Ltg— Mtge g 4s Dec 1, 1943 J&D South Bay Consol Water— 1st ref 5s 1950 1938-1945..M&N Southwestern Public Service Co— 1st M s f 6s 1945 ser A J&J 30 10434 1st & ref 5s 1960 ser A 105 M&S 1st 534s ser B 1957. M&S 10234 Silesia Elec Corp s f 634s'46 .F&A f 23 Serial deb 3s to 1941 35 Roanoke W W 5s 1950 a 56 25 F&A 1951—F&A Ry & El 5s 1953—F&A Shenango Val Water 4s B'61 A&O Shinyetsu Elec Pow (Japan)— 1st sink fund 634s 1955—J&D Shrevp't Bdge & Term 5s'55.F&A Shreveport Rys 1st 5a *38-44.J&J Sioux City Gas & Elec Co— 1st mtge 4s 1966 3434 1st mtge 5s 1950 Roanoke G-L 5_34s Roanoke 62 25 A&O Cons 6s 1955 7s extended 1941 6s 1946. M&S Shawinigan Water & Power Co— 1st M&col s 14348*67 serA A&O 1st coll tr 4Mb '68 ser B.M&N 1st coll tr 4Mb ser D '70.A&O 1st coll tr 4s ser F 1961—A&O 105 South Carolina Power Co— 54 J&J / Richmond (Ind) W W Corp— 1st M 5s 1957 -M&N Richmond (S I) Lt & RR— 1st coll tr g 4s 1952 62% 117 104 96 103 58 1949 / Second Ave Trac—See Phila Co— Serial deb 5s 1942-46 79 111 Ser deb 4s A Southwestern Light & Pow Co— 1st M 5s 1957 ser A F&A 1st M 5s 1957 ser B F&A Sierra Pacific Power Co— 10214 Rhine-Westphalia El Pr (Germ'y) Mtge g 7s 1950 M&N Direct mtge 6s 1952.. M&N Con mtge 6s 1953 F&A Rio Grande 62 Union— — M&S Seneca Power Corp 1st mtge 4s8er A 1966 F&A Serial debs4s Feb 1 1946-F&A 1st 3sApr 1 1959 Seattle-Everett Traction— 95 10734 Stettin Pub Util 7s 1946 9834 A 5s'59_A&0 Paterson Ry— 2d 6s *14 ext 5% to '44. A&O So Jersey Gas El & Trac— 7 Standard Gas & Elec of Delware 103 11134 ser ser 6 48 4834 Telep— 109 10434 101 J&J 4s series B1959 70 9034 105 10334 D—Q-Jan 1st & ref M 58 ser F 1955.M&S Savannah Elec Co 5sg '52. J&J Sayre (Pa) Elec 5s 1947-—A&O Schenectady Ry 1st 5s Mar 1, *46 Scioto Val Ry & Pr 1st 6s *43-J&D Scranton Trans 80 A&O States Telep Co— 1st M 6s 1948 M&S Spokane Falls & Nor 6s 1939.J&J Spokane Gas & Fuel 5s 1944.F&A Spg Br'k Wat 1st ref 5s '65.-A&O Spring Val Util ref 6s 1943.-J&D Springfield City Water— 1st mtge 4s ser A 1956 A&O Springfield (Mo) Gas & Elec Co— 1st mtge 5s 1957 ser A J&D Springfield (Mass) St Ry— Ref & gen 6s 1940 M&S Springfield Terminal Ry 7s 1942 Stamford Water 1st 5s 1952..J&J Stand Elec (Calif) 1st 5s '39.M&S 130 1st & ref 5s series B1961.F&A 52 80 Southwestern Power & Light— Deb g 6s 2022 series A M&S 102 M&S Scranton-Spg Brook Water Serv— 1st & ref nis 1967 ser A F&A 7.8 23 Co— Southwestern Gas & Elec Co— 1st 48 series D 1960 M&N 104 1st 434s 1958 10134 J&D J&D A 1932 ser Southwestern Assoc Telep 1st M 5s 1961. Southwestern Bell 10934 Scranton Gas & Water Co— Ry— 1st g 5s Dec 1, 1950—J&J Ellz & Raritan Riv 5s *54.M&N '62.A&0 105" 102 Savannah Elec & Power Co— 1st & ref 4s s Conv deb 105 10234 66 65 1st 6s series C 1947 102 5234 Power Co— f 6s 1954 M&N S'west Pub Serv 634s 1937..M&S f Southwest Telep 6s B 1947.M&S 112 A&O Savannah & Atlanta Ry— 1st cons 6sMay 1 1935 102 Elizabeth & Trent 5s 98 9134 70 23 1st M 534s May 1, 1960..M&S Southside Va Pow 5s 1956—F&A Southwest Gas Co (Okla)— 110 Ry debenture 434s 1943--J&D Sauda Falls Co Ltd— 1 st sf 5s 1955 ser A 10634 10634 Consolidated Traction— Extended 5s 1938.-. Ellz Plainf & Cent Jersey Certificates of deposit-. Non-cum 6s (ws) 1951 Southern Utah Sandwich Windsor & Amherstb'g 8634 II'45 A&O ser f 6s 1942—A&O Southern United Gas Co— 1st lien 6s 1937 with warr.A&O s 104 1st mtge 334s ser A 1961—J&D Santa Barb Tel 334s ser C6B J&J 105 1946.J&J 5s 77 10-year coll 9934 9934 ^ 10434 M&N 1st 10434 9834 M&N Joaquin Lt & Power Corp— 104 6% perpet—M&N Sub Southern Trac—See Phila Co Southern Union Gas— 1st & ref 534s series 11945 A&O 10434 Unif & ref 6s 1952 ser B__M&S 103 34 Public Service Corp of N J— Camden a 72 124 1st & ref inc 5 Mb 114 Corp— 1st & ref M 3 34s ser B *64. J&D 10234 Public Service Co of N H— Trust certs «r 111 Bay Toll Bridge—"57..M&N San Jose Water Works Pub Ser of Indiana 6s 1952.F&A 1st mtge 334s ser O 1960— F&A 1st mtge 3 lis ser D '60—M&N 1st 3 Mb series E 1961 F&A 1st 3 lis series F 1966 J&D 100 10134 99 1st M sink fund 634s Deb s f 7s 1942 105 F&A 1946 100 9934 10034 J&J 1st & ref 5s 1958 ser B_.—J&J San Antonio Tr 1st 5s "49.-M&S San Diego Consol Gas & Elec— 1st mtge 4sMay 1 1965—M&N San Diego Co Wat 6s A '62.M&S San Diego Water Supply Co— 1st m s f 5s 1955 M&N San Francisco Public Service Co. of Colorado— Deb 99 1st ref 68 1952 series A Public Gas &Ooke 5s 1952—J&D O 1961—M&N 110 92 Adj mtge inc Jan 1 6s '60.A&O 1st M pipe line s f 4 34s '61 A&O Southern Neb Pow 534s B'47 J&J South N E Telep 1st 5s 1948-J&D San Antonio Public Service— 1034 10334 ser 10934 San Angelo Telep 1st 5b 1958 F&A San Antonio G & E 5s 1949.M&S 83 102 M 1st & ref 6s 1953 series A.M&S 1st & ref 534s '54 ser B—M&S Saguenay Elec 534s A 1953 J&J Saguenay Power 4Mb A 1966 A&O 1st 434s series B 1966.... A&O Serial notes 234~4s to'46.-J&D St Clair County (111) Gas & El— 1st cons guar 5s 1959 M&S St Joseph Ry, Lt Heat & Power— 1st & ref 5s 1946 J&J 1st mtge 434s 1947 __J&D 3-4 34s serial notes 1939-43-J&J St Joseph Water 4s A 1966. -A&O St Louis Co Gas 1st 5s 1951-A&O 94 101 61 Conv deb 5s ser A 1957—J&D Power Secur coll tr 6s *49._J&D Providence Gas 4s ser B 1963 F&A 1st & ref 6s 1979..—J&D 96 58" 102 & P 5s '46-M&S lOl" 98 Gen gold 5s1944 M&S Salmon Riv Pow gu 5s 1952 F&A Salt River Val Water Users Assn 6s 1939-1943. ...F&A Stewart Mt Pow 534s 57.A&O 102 10634 L H 100 Southern Natural Gas 1st 10034 Elec 6s 1954 Southern Gas Utilities, Inc— 1st M s f 634s 1939 ser A.M&S 40 96 106 Prussian 10334 103 1948— .M&N A&O 95M 1st mtge 3 34s 1966 J&J Power Corp of Canada Ltd— Conv deb 4Mb 1959 Ser B.M&S Provincial 105" 1st g 6s 1947 series A J&J Southern Counties Gas (Calif) 1st M 434s 1968 M&N 10534 Portland (Me) Gas L 5s A'50 A&O Portland General Elec Co— 1st & ref 4 Ms 1960 M&S 1st M 4Mb 1961 series F Potomac El Pow— 31 104" 5 102 101 1st M 5s 1938 M&N 102 Rome (Ga) Ry & L 5s *46.—A&O Ruhr Gas Corp 634s *53 A ..A&O / 2634 Rumford Falls Pow— „ 9 1st mtge s f 4Mb Pt Postal Teleg & Cable 5s *53 _J&J Potomac Edison Co— 1st mtge 5s 1956 ser E M&N Bid Rockland Light & Pow— 10534 9834 1st M 5s exten to 1950 J&J Portland (Me) RR 3 Mb 1951-J&J 1st 1 & con m 5s 1945—M&N Porto Rican Power 6s 1950.M&N Porto Rican Rys Ltd 5s 1962M&N Porto Rico Telep 6s 1944—J&D Bonds Southern Cities Utilities Co— 1st lien & coll 5s 1958 A&O Southern Colorado Power Co— Ask Safe Harbor Water Pow Corp— Plainfleld-Un Wat 5s A '61.M&M Platte Valley Telep 6s 1947-J&J Pomerania Elec 6s 1953.-M&N 1st l'n & gen 4Mb 1940—J&J Portland Gas Co 1st 5s 1951-F&A Elec Co 1st 5s *39-M&S 38 33 J&J Ry 6s 1942 RR— 1957.M&N / 5234 1st 6s 1954 J&J Phila & Western Ry 5s 190O-J&J Piedmont Hydro-El Co (Italy)— 1st & ref s r 6 34s 1960 ser A A&O Pittsburgh Rys—See Phila Co Pittsburgh Suburban Water Serv 1st 1 & ref 5s 1958 M&S Pittsburgh Trac 1st 5s 1927-A&0 Plainfleid Gas & El 5s 1940—A&O 10634 Rochester & Syracuse 1st M conv 5s ctfe Rockford 30 Bid Bonds Ask Water Co— 9434 6434 234 78 PUBLIC NOTICE—All bond prices Quotations for al< securities Bid Bonds Third Avenue Ry (New York)— 1st ref g 4s 1960 opt aft *14 J&J Adl incg 6s Jan I960opt-_A&0 Thirrf Ave RR 1st 6s gr37-.J&J Bonds 75 40 _ 45" Yonkers Ry 1st 5s 1946--A&0 Tide Water Power 1st 5s '79. F&A 34 39 70 80 Toho Electric Power 1st s f 7s 1955 ser 66 68 (Japan)—, „ A.-.M&S15 Tokyo Elec Light Co (Japan)— 1st g 68 1953 series—J&D15 Toledo Edison 5s 1962 M&N 1st 4s new 1942 106 M i Traction Term'l Oon> 5s '57—J&J 48" Trenton G & El g 5s 1949.-M&S Trent'n Pass Ry 1st ext 6s'61A&0 52 Troy Gas Go 1st 5s 1939--M&N Conv deb 102M - 45M 56 % M&S J&J 1st M 3 Ms ser I 1966 J&J West Penn Tr 1st 5s 1960--J&D 1st M 5s 1963ser!e8 E 1st M 4s 1961 series H 103 M 40 Guar s f 7s 1952 1 UJlgawa Elec Power (Japan)lst M s f 7s 1945-M&S15 West Phila Pass 30 74 1st ext 3 Ms 75 Union Elec Co of Missouri— 1st mtge & coll tr 3 Ms 1962 J& 3% notes, 1942 J& Union Elev RR—See N W Elev Union Gas & El 1st ext 5s "40M& Union Gas Co. of Canada— 106 M 102 90 107 M 102 M 35 45" 94 96 102 |s(Me)6s J&J A&O BOM 99 60 Westmoreland 106 62 69 1st M s 68 17 19M 25 67 M 68 Unlt Trac (Pgh)—See Phila Co Untereibe Power & Light Co— )/ 95M 101M 68 79 77 M 95 72 M 123 121 124 2 45 45 7 23 20 M ser ii* \ 105 104 M 62 107 M 103 57 81 102 H 106 105 83 M 103 M 106 M 105 M 110 86 M 92 104 M 45 §1* 94 105 M 47 (Pa) Gas 1st 5s 1941.M&N 62 M 63 67 67 ♦ 51 43 53 45 * 39 41 * 65 70 Allegheny Traction—See Phila Co Allentown Beth Gas pref 50 $6 preferred 95" Amer & Foreign Pow com I 45 48 43 46 Warrants 32 34 I a * $7 preferred$7 second pref series A $6 cum pref 1955-. No par value 56 59 Telegraph—See Industrial Stocks. 49 Called June 1 at 105. 6 Basis. / Flat price. * * * Y .in 19 112 Boston Elevated Ry com----100 Brazilian Tr Lt & Pow ord----* 49 Bridgeport Gas Light Bridgeport Hydraulic Co Brit Col Pow Corp A 109 7 M 25 * --20 32M .__* » I'M" 4 t C--25 130 5M t 16 H 1 . 3M 10M 18M 91 Wireless Ltd— dep rec 7M% A ord._£l £1 Amer dep rets 5M% pref—— £1 Jallf-Oregon Power Co— 6% preferred series of 1927 100 6% breforred 100 Oaiif Water Serv 6% pref 100 Oanada Nor Pow com Canadian Marconi * 1 Capital Transit (Wash, DC) 100 Carolina Pow & Light $7 pref --* $6 preferred* Cent Arkan Pab Serv Corp pf 100 Central Elec and Tel com 6 % preferred Cent Hud G & El com--. 1 50 * 4M% preferred 100 Cent Indiana Gas 6M% pref-lOQ Cent Indiana Power 7% pref 100 Central Maine Pow $6 pref 100 $7 preferred 47 47 77 18 % 6M 65 60 80 21* isr AlH 12M 60 M 100 71M 100 75 Cent Ohio Lt & Pow 6% pf * Central Pow & Light 7% pref 100 55 6% preferred —_„__100 com Preferred Alabama Water Service pref 46 48 100 Blackstone Val Gas & El pref-100 Boston Edison Co.. 100 5% preferred 102 116 PUBLIC UTILITY STKS. L 52 M Central N Y Power Corp— Yonkers Ry—See Third Ave Ry 88 1942-1 Washington Gas & El Co— 43 - Cent Illinois Light 4 M% pref-100 Cent 111 Pub Serv $6 pref.. 99M 97 M 75 • ._ Amer dep rec B ord 101M 90 Amer District 2M 115 $6 preferred. -_* Birmingham Gas $6 pref * Birmingham Wat Wks 6% pf-100 Amer 102 M Yadkin River Pow 1st 5s '41 A&O 79 >a 107 100 150 Telephone (Canada) 100 Bell Telep of Pa 6M% pref —100 Beverly Gas & Elec 25 Birmingham Elec $7 pref--* 101M 60 York Rys 1st M t 5s '37 opt-J&D 5s stamped 1937 J&D "Wabash Telephone— 105 * com — 24 84" 1st M 4Mb A 1956 Warren Ohio Telep 6s 108M - Brockton Gas Light Co v 70 $7 pref 4 72 -100 Class B 99 H 21 Alabama Power l 6% pref- Atlantic City Elec $6 pref---.. Bait Transit Co v t c 105 60 28 107 M 36 6 Bell 50 $5 preferred 5s Atlanta Gas Light 51M Cum income 6s (w s) 1952. J&D York Haven Wat&P 1st 5s'5lJ&D 22 M 3% 23 35 * - Cable & 77 M M Class A 69 Wisconsin Power & Light— 1st mtge 4s ser A 1966 J&D 4s serial deb June 1 1938-1946Wisconsin Public Service Corp— 3 * * 100 41 8 Virginia Public Service Co— 1st Option warrants Telep Co Ltd $1.25 pf 66 65 M&N 3M 3 * * 104 1st & ref 8s 1944 r 2 » Assoc Telep & Teleg $6 pref $7 1st preferred Cent & S W Utll A 1955-M 1st & ref i $4 preferred $5 preferred $6 preferred S6M preferred $7 preferred 40 Wisconsin 1st M 5s % * * J&J A&O Hydro-Elec Co— 52 1 J&J A&O - 2M 60 1 com 51M 48 M Virginia Electric & Power— 1st & ref M 4s Associated Gas & Elec Common class A 90 102 56 York >/ 1/ »/ 6% preferred Beauharnois Power 102 1943 V* * * * 53 H 104 5s JX 27 * 53 M 23 Worcester Transit Association— Cum income 6s 1952 J&D 2M Utilities Power & Light Corp— >/ 1 50 common - 74 Wyoming Vail P S 6s 1971--A&O if Common 70 65 20 O 2M 2M 4M 10 Preferred v t c ---100 Bangor Hydro Elec com .25 7% pi ere. red 100 6% preferred -100 Baton Rouge Elec Co $6 pf-* 104M 59 1st mtge 4s 1961 J&D Wolverine Pow adj 4 Ms Mar 1 '59 Worcester St Ry 5s A 1947.J&D 11 8 119M 17 $4 preferred 100 M 88 101 77 M Utica Belt Line Street Ry- Utilities Public Service Co— Conv 68 1933 J 91 2 * * * Corp Assoc 104 H 56 23 76 , 8Z* 86 2 99 100 Wisconsin Minn Light & Power— 1st & ref 5s 1944 opt '19—M&N Gen & ref 7s 1947 J&J 78M Utica & Mohawk Valley Ry— 1st 4 Ms 1941_ M& 99 M '52--J&D 1947 A&O Wisconsin Michigan Power Co— 1st mtge 3 Ms 1961 J&J 65 / 122 60 1st mtge 3 Ms 1966 Utah Power & Light Co— Utica El L & P 1st 5s 1950- --J& r Utica G & El ref & ext 5s '57 J& 100 M&N M&N 5 3 75 Corp— ser 92 * com Preferred Arkansas Missouri Power— 101M 21 , 97 M 104 M 76 >f 69 M&S Gen 4-58 series A 1965 Gen inc 4-5s ser B 1965 68 67 M 85 98 M 74 M J&D Winnipeg Elec 1st 4 Ms I960-J&J 94 107 H 90 -M&N 1st 22 United Tel & Tel 5Ms A '55 1st lien 6s ser B 1953--. United Traction (Albany)- 107 Willlamsport Water Co 1st M 5s Aug 1952ser A-..F&A Wilmington liv Bridge— 20 / Edison Brooklyn Edison 100 Bklyn Manhat Transit * $6 preferred series A * Bklyn & Queens Transit com -* $6 preferred-* Brooklyn Union Gas * Buffalo Niagara & East Power— $1 60 prior preferred-25 $5 1st pref * 1st M 5s 1960 60 M 97 $6 1st preferred * Appalachian El Pow 7% pref -_* 6% preferred * Arkansas Natural Gas Class A non-voting 121H J&J f 6 * 6s 1954 Wise Fuel& Lt 1st 5s 1948-M&N Wisconsin Gas & Electric— 67 28 / 25 com 110 5%to'4lM&N f 6s 1953 M 2M * - Wheeling (W Va) Electric Co— 69 66 6% preferred Arizona 21 5s 8 common. O iginal preferred 1st M 5s 1941 opt M&N White Plains Ltg 1st 5s *38--J&J Wichita Water 6s 1949 M&S 1st M 5s 1956 ser B F&A f Amer Utilities Service 112 Arizona Power $6 preferred 20 Wat * 100 Telep & Teleg 118 Westphalia United El Pr (Germ) 1H [/ 38 100 19 6% notes 1937-— 15-year s f 6s 1952 United Pub Util Corp— City & Sub Pub Serv 5s '34-J United Securities Co— 34 98 M 59' * Amer Wat Wks & Elec 18 ser Western Utilities United Public Service Co— United Railways of Havana— Eq 7 Ms Feb 15 1936 Tl United Rys of St Louis— Gen g 4s July 1 1934 J 89 12 1 * com Arkansas Pow & Lt $7 pref--, A 1st 5s series B 1957 106 67 M ff 95 A&O 5M8 1955 Superpower Corp American 49 25 - 76 A&O Fdg & R E M 4Mb g '50—M&N 25-year g 5s 1951 J&D 30-year 5s Mar 1 1960 M&S 1st com First $6 preferred Preferred $6 series Western United Gas & Elec Co— 55 6hs 1933- Amer 1967—J&J Corp 6s '48 A&O Mut Un 6s ext at 1 Utility 6% preferred Western States Util 6s A '45-A&O Western Union Telegraph— 56 Amer States Arkansas Nat Gas Class A Western Public Service Co— 1st & ref 5Ms I960 F&A _ * Preferred 100 28* il" * 5 preferred♦ Amer Public Serv 7 % pref—.100 Auuerlcan Service $3 preferred- .* 62 M&N M&N 1st 5s series B 1950 J&J Deb s f 6s extd 1950 M&N Western Pow (Can) 6s 1949--J&J _ 56 86 Amer Potve, & Light com "6 p; pforred- 60 1st M 5Ms 1950 1st M 5s 1951 104 M 98 M 92 Western Cont Utll 6s 1944.-M&S / Western Lt & Telep 5s 1954.A&O 97 M Western Mass Cos—■ 3 M % coup notes 1946 104 J&D Western N Y Utilities 5s '46-J&D 107 Western N Y Water Co— 40 United Lt&R 9M 9M M - -.25 25 55 4s 1948-1953 58 First lien 5Ms *51 ser A.M&N 100 Union Water Wks Co— 1st lien 5Ms 1942 M&S 15 / 12 Unit Elec Co of N J 4s '49--J&D 113M United Elec RyB (Providence)— Gen ref M 5s Jan 1951 ser A— 91 Gen ref M 4s Jan 1951 ser B_. 87 United Elec Serv (Italy)— Extl 1st s f 7s 1956 ser A.-J&D 52 M United Gas & Fuel (Hamilton) 1st s f 5Ms 1948 102 J&J United Ilium Co New Haven— 1st 4s Feb 1 1940 F&A 105 United Light & Power Co— Deb g 6 Ms 1974 55 M&N 1st 1 & consul 5 Ms 1959--A&0 98 M 8M Gen mtge 3 Ms gtd Westchester Serv Union Ry—See Third Ave Ry Union Traction—See Phlla R T Union Water Service Co— 97 2M * 50 Westchester Elec—See 3d Ave R Westchester Lt 1st g 5s '50--J&1 97 1st $6 preferred Warrants American Light & Traction- A&O West Va Water Service— 1st mtge 48 1961 94 100 M Union Gas System— 1st M & colls f 5s 1948—J&D Union PasBBnger Railway— 1st 4s Mar 31 1961A&O 2d ext, 4s Mar 31 1960 A&O Union Pub Serv (Del) 6s '39.J&D 105 M 102 107 H * * 69? preferred104 M 101 19 ♦ $6 preferred M&N Bridge 3 M-6 Ms, 1960 97 -J&D 6.1"" West Virginia Ohio River 97 1st 4 M« 1950 55" 107 59 Ry— 1956 2d extended 1956 West Texas Utilities Co— 1st M 5s 1957 ser A Bid Amer Gas & Elec com- Amer Gas & Power com West Penn Elec deb 5s 2030-A&0 West Penn Power— 46 M 56 J&J 6Ms 1945 West Coast Telep 5s A 1953-J&J West End St Ry—See Boston El West End Trac—See Phila Co West Ohio Gas 6s A 1954 J&D 3 101M 1939 104 X Canadian Hvdro-Elec— 1st 6s ser A w w 1950 J&J 100 F&A Twin City Rapid Transit Co 1st lien & ref 5Ms A 1952J&D 1st lien & ref 5 Ms B 1952--J&J Twin States Gas & Electric—_ 1st 1 & ref 5 Ms 1945 Ser A.B Tyrol Hydro-Elec Pow Co— let M b f 7M8 1955 M 2d Os 103 West 1968.-J&J / 40 J&D / 10 Trl-County Telep 4 Jus B *56 A&O 101M Troy City Ry 1st cons 5s "42 A&O f 116 Bonds Ask 8M Certificates of deposit / Waukesha Gas & Electric Co— 107 1st 5s 1959 J&J 75 Wayne United Gas 6Ms *44.J&D 50 Trenton St Ry ext 5s General 6s 1941 Bid 115 Waterloo Ced Falls & No Rylst M s f g 58 1940 J&J. jgg 100 - of the month preceding the date of issue Washington Gas Lt 5s *60—M&N Refunding 5s 1958 J&J Wash Ry & El g 4s 1951 J&D Anacost & Pot 5s 1949 A&O 1st guar 58 1949 A&O City & Sub 5s g 1948 F&A Washington Water Power Co— lstrer5s 1939 op J&J 1st & gen 5s 1960 J&J Washtenaw Gas 1st 5s 1953—J&J 26M 4M !o8* Union Ry 1st 5s g 1942.-F&A Westchester El 1st 5s g '43 J&J BONDS marked "f" and Income and defaulted bonds possible for the closing day are as near as Ask 2IH f ' UTILITY "and interest" except where are 1A 2H 14 5M 10 H M 2M 15 6 12M 1 - 50c 63 55 1M * 27 * * 92 1 Central States Pow & L $7 pf--* Cent Vermont Pub Serv 6% pf-* Central West Co. v t c 5 ~2 Prior lien preferred-- Central States Edison Chester Water Serv 5M % pref--* Chic City & Con com part ctfs-_» Pref partlc ctfs * Chic Dist Elec Generat $6 pref-* 2 93 99^ April, 1938] Stocks Par Chicago Rys partlc ctfs Series 2 Series 3 Series 4 1 Bid are as near as Stocks 100 . 100 Cincinnati Gas & Elec 5% pf 100 Cincinnati Gas Transp 100 Cine New & Cov Lt & Trac..100 Preferred 100 Cincinnati Street Ry 50 Cincin & Suburb Bell Telep 50 92 8 93 80 110 85 3% 75 * Preferred 1 100 - Preferred B Preferred BB Cities Serv Pr & Lt $6 pref 22% 1% 15% 10 .100 * 100 $7 preferred 30 7% preferred 1% 100 97 * Oleve Elec ilium common $4.50 preferred 39 6% preferred series A 5% preferred.. 5% conv preferred 1% 102 34 Fairm't Pk & Hadd Pass Ry—See Fall River Elec Light 25 Fall River Gas Works. Federal Light & Preferred ($6) 104% 49 25 JK 6% preferred 7% preferred Community Pow & Lt is * com.. First preferred 6%. Community Pub Ser Gen Gas & 26% 100 103 10 17 14 100 28 % 32 34 50* Connecticut Light & Power.. * 5%% preferred 100 Connecticut Power ...25 Connecticut Ry A Lighting 100 4)4% preferred 100 Consol Elec & Gas $6 pref......* Cons Gas E L & P (Bait) 5% preferred series A 100 Cons Edison Co of N Y com....* $5 preferred Consolidated Gas Utilities com.l 2% 30 30 50 Pass—See 1 25 1% 22% 45 1% 12* 55 9 35 87 48* 90* 55 56 % 24 181 182 60% 60 56 $1.25 pref——* Greenwich Wat & Gas 6% pf-100 Gulf States Util $6 pref * $5.50 pref ,..* 20 25 22 25 30 5 62 20 Amer dep rets for ord shs Marion Reserve Pow $5 pref 65 70 Hartford Electric Light Hartford Gas com 80 II* 45* Cuban Telephone pref Cumberland Gas com... Cumberland Co (Maine) Power & Lt 6% pref 35 "5c" * vtc common 2% 26 29 25 Havana Elec Ry com 43 45 si* 6% preferred 100 30* ....100 101 Holyoke Water Power 1% 32 7 190 Tramway Preferred. Derby Gas & Elec $7 pref 210 Detroit A Canada Tunnel Detroit Edison 2 8 10 25% 29% 7% 100 Duke Power 100 Duluth Superior Transit com ..* 52 1 Duquesae Nat Gas common .* $4 preferred _• $5 preferred * Duquesne Light—See Phila CoEast Coast Public Service vtc 3% 100 100 100 100 100 5% adjustment stock 100 East Shore Pub Serv 6%% pf 100 6% preferred 100 Eastern States Corp com. * 80 59 n 5% Preferred ii* 5 125 2 illuminating Shares class A 2?* 43% 43% 80c 3 14% 5% 7% preferred Indiana 61 15 Interboro Internat $6 preferred series B Eastern States Gas * 13 * 14 5 Eastern Util Assoc com.... * 16 7% prior * 2 3 Electric Bond & Share. ...» $6 preferred $5 preferred Elec Power Association ..* * 1 Class A full paid 2 24 * 17 20 * 15 17 2% El Paso Electric Co (Del) Preferred series A 7% El Paso Nat Gas com Preferred 6 100 80 3 18 .100 Warrants 103 50 18% 104 Empire & Bay State Teleg 100' Empire District Elec 6% pf..100 Empire Gas & Fuel Co pf » % 100 Preferred 7% 100 6)4% preferred 100 6% preferred.. 100 Empire Power Corp partic stk._* $6 preferred * Empire Telephone com 6% Preferred ...25 . 50 28 25 28 58 35% i* 25% 36 i* 53 19% 1 13% % 1 * * 25* * 17S" Warrants series of 1940 Interstate Natural Gas Interstate Power pref $7 7% preferred Iowa Power & Lt lo wa Mar 100 18 40 mo 44 46 7% pref... 100 97 70 72 82 35% 28 100 30 % 32 * 127*" 100 54" Supp7%% pf__50 56 Without par value. t Called April 15, at 115. k Last «ai« n Nominal, r 2% 2 42 5% 100 101 106 103 8 5% 45 49 123 14 51 Light— * ...... * ... New England Tel & Tel New England W ter Light Power Assn 6% pre* .... New Jersey Water pref New Mexico Gas com Canadian price. % Ex-dividend 15 8 12 35 38 11 13 122 125 % 1% 23 25 8 9 * 7 8 * 21 23 100 75 85 & 100 New Haven Water 50 N J & Hud Riv Ry & Fer pref 100 New Jersey Pow & Lt $6 pref * 6% preferred * 27 38% J00 $6 preferred $6 prior pref 33% 7% pref.. 100 6% preferred Italian Superpower common A Jamaica Pub Service Ltd 16% 5% 123 $7 preferred 85 12" 104 6% preferred 100 $2 preferred * New England Pow Co $6 pref.100 New England Pub Ser com » $7 prior preferred * 77 * 90% 22 * 1st pref 100 ... 17* 102 89 Gas & Elec Assn— $5% preferred stamped..—._* New Eng Pow Assn com ♦ 75 * * 1 50 ... 99 New Eng 100 Iowa Southern Util 4% 14* lOO Lt_25 Brunswick Heat & Power 14 20 38 Pub Serv $6 pref 83 100 preferred New 5 pref.. 100 90 11* 62 56 -.100 Newark Consolidated Gas New Bedford Gas & Edison 20 J* 57 89 - J* 4% 47 27% Nevada-Calif Electric com..—100 Preferred .200 27 24 ..10 6% preferred c% 22 * National Gas & Elec com 10 National Power & Light com...* 1 5% 6% 6% 1 Power com—* $6 preferred Nebraska Power 7% "9 ♦ 6%% preferred $, preferred Preferred Jamaica Water 3 * * Iowa El Lt & Pow 6% 40 6 _.* $1.75 preferred $3.50 prior preferred Investors Telephone com Iowa Electric 6%s pref 24 11% .* $6 preferred 60 190 100 % 5% 100 50c 79 * Municipal Service 6% pref_-.100 Nassau & Suffolk 7% pref 100 25 43 102 40 preferred conv 40 It* 54 100 National City Lines com... $3 60 39 4% Mountain States Tel & Tel--10Q Power 6% pref * 70 78" 6 International Utilities A Class B 85 9 Mar 25 1 10 Montana 50c Foreign share ctfs 2% 50 50 Preferred Eliz Consolidated Gas t* 60* * Ry v t c International Telen & Teleg 340 com 6 .100 Internationa] — 7% States 2% 100 com Montana Power 6% pref Montreal L H & Pow Cons 80 3% 3% Internat Power Securities com..* Units "l% prior lien 100 7% preferred class A .100 6% preferred class A 100 Milw Elec Ry & Light— 6% pref series 1921 100 Minnesota Pow & Lt 7% pref 100 $6 cum preferred 100 Mississippi Power $6 pref $7 preferred .* Miss Power & Light 6% pref—* Mississippi Riv Pow 6% pref.100 Mississippi Valley Utilities * viissouri Pow & Lt $6 pref * Missouri Pub Service com * Monongahela L & P—See PhilaCo Monongabela St Ry—See PhilaCo Monon-West Penn P S 7% pref 25 Mountain 4 4% % * 78 79 Teleg tguar)__100 .100 $6 conv preferred series A— Midland United com Telegraph Montreal Tramways com Mountain Fuel Supply 2% 40 2% 2% 94 Montreal 73 Warrants 101 100 * 45 7 25 50 Hydro-El Syst A Conv pref $3.50 series 1st preferred * preferred 5 102% 43 10(1 4% 42% 2% 6% 22% * $7 preferred $6 preferred 2d pref series A Optional warrants 101 55 68 5% preferred 6% preferred 100 v t c Rapid Transit.. Iriternat Ocean * Montana Dakota Utilities International Power Co * 1 Elec Power & Light Corp Eliz & Trenton RR 4% 35* 50 3 ...* Mexican Northern Ry com Preferred 110 ..100 Indianapolis Ky Co 18 Conv stock 90% 108 Indianapolis Power & Light— 6% preferred 100 6%% preferred ..100 % 1 $5 cum preferred $6 preferred series O $6 prior preferred Service— 7% preferred 3 67 63 14* 18 fs* .* 6% preferred 100 Indiana Hydro Elec 7% pref. 100 Indiana Service Co 6% pref.. 100 1 * 16 ..100 General 65 $7 preferred series A 106% * 15* 38 Indiana & Michigan Elec— 20 12 4 105 Illinois Power & 50 Illinois Water Serv 6% pref.. 100 5 115 12* 3% 102% 6% pf.100 $7 junior preferred Light— $6 preferred 75 11 50 Illinois North Utilities 102 2 * common 110 99 73 Arrears certificates 1% 4 .1 East Middlesex Street Ry.. 100 Eastern Gas A Fuel Assoc's com * 6% preferred 4)4% prior preferred Eastern Mass St Ry com 6% 1st pref stamped 6% pref B stock 8* 100 108 % 50c Memphis Natural Gas * Memphis Power & Light $7 pf. $6 preferred * Metropolitan Edison Co— conv 6% 182 ..100 Huntington Water 7 % pref Idaho Power 7% pref 100 6% 1st preferred * III Commercial Telep $6 pref * Illinois Iowa Power 7% Jan. 27 55 t C--1 Convertible pref A * Midland Util 7% prior lien.. 100 8% 48* 50 Hudson ('ounty Gas 1 .__* * Preferred 104% * 100 com 100 Houston Natural Gas com 94 Dayton Pow & Lt 4)4% pref. 100 Denver ; 20 iiestonville M & F—See PhilaRT 90 114 * v Middle West Utilities 6 25 25 5 %% preferred 100 Dallas Power & Light 7 % pref 100 6% preferred ._.* Danbury & Bethel G & E pf_._25 * Middle West Corp com Warrants % 1 Haverhill Elec Co Haverhill Gas Light 112 5% 2% partic preferred—50 5% 15c 2 25 25 Preferred 43 £1 $2 Preferred Warrants.. 84 100 7% prior preferred 100 Contlnen Pass Ry—See Phila R T Orescent Public Service com 1 % 25 Railway 7% guar 100 Modified 5% guar .100 Marcon Int Marine Commun'y— Mass Utilities Associates 66 83 78 --* Hamilton Gas % Maiden & Melrose Gas Lt Manhattan 21% Gas Harrisburg Rys common..a.—50 1 80 66 53 81 100 25 78 86% 1% 70 Maiden Electric Co. T 70 % 102 25 100 100 Hamilton Bridge Preferred Continental Gas A Electric— 97 Common with warrants Common without warrants...* 84% $4.50 preferred 9* 41 25 pref. 100 100 50 R 7% pref class A 22 (Reading) 25 Consumers Gas (Toronto) 100 Consumers Power $5 pref......* 100 100 % 6 26% Hackensack Water Consumers Gas 12 100 l8* 4 25 pref—* Green Mt Pow Corp $6 Cons Trac of N J—See P 8 Corp Cons Trac (Pittsb)—See Phila Co 74 103 112 7% preferred Lynn Gas & Elec Co Mackay Companies 4% pref 28 60 Gold & Stock Telep (guar) Green & Coates—See Phila 92 26 6% preferred 100 6% prior preferred 100 6% non-cum 2d preferred-.100 Mass Power & Light Associat'n Gloucester Elec Lt Co 6 % 30 ...100 Preferred PhilaRT 7 17% 6% 110% 25 Germantown 5* 90 5 70 * cl A Lowell Electric Light Luzerne Gas & El $6 25 25 com 6% preferred. 7% preferred Louisville Railway Co 77 15 * 4 x 96 100 Louisv Gas & Elec 26 Georgia Power $6 preferred $5 preferred Greenwich 60% Market St Ry(San Francisco). 100 $3 preferred 52 113 ii* 35 25 .. 30 —— 38 20 Corp * 6%% preferred 100 Long Island Lighting com 7 % preferred A 100 6% preferred B ...100 Louisiana Power & Light $6 pf-' "3 % 40" 115 5 28 Lone Star Gas 2% 75 Gen Telep Allied Corp $6 pref..* Gen Wat Gas & Elec com A 1 % 18 100 Preferred 37 7% Warrants 55" * T 1% * 20 * 5% preferred 54 40 Lexington Util 6%% pref 25 Lexington Wat Serv 7% nref_... Light & Pow Securities Co * * $3 conv preferred 47 • Conn Gas & Coke Sec pref Common 31 102% 100 5% preferred Elec Gen Telephone Corp com 110 * Common Lawrence Gas & Elec Lt 2 (Del) com A__5% prior preferred * $6 cum conv pref ser A * $6 conv pref ser B * $7 preferred * $8 preferred * Gen Italian Edison Elec Corp— Amer shs for ordinary stock.. Gen Public Service Corp _._* $6 preferred * 22' 22 Community Water Jerv com 1 7% preferred .._* Concord Elec Co 6% pref 100 92 2 .......100 General Pub Util common 19% % com v t c.25 Laclede Gas Light 18 37 98 * 5% preferred 98 87 28 32 Gatlneau Power com..—....__* 103 99 100 15 1% 123 Gas Utilities Co 100 16 R .93% pref.. 100 35 Gary Elec & Gas common * Gas & Elec of Bergen County.100 65 1% % 107 100 49 ~r% Kansas Gas & Elec 7% Kansas Power & Light— 6% preferred ; 125 48 Commonwealth Gas ..1 Commonwealth & Sou Corp com * Optional warrants $6 preferred.. Commonwealth Water & Light— 57% 118% 16 100 Preferred. 98 70 56 14 Telegraph (guar) —100 Gandy Bridge common * Gardner Elec Light common. 100 ,1.57 97 22 % 75 65 5%% preferred 100 Kansas City Power & Light— 1st pref $6 series B * Kansas City Pub Serv * Kansas Elec Pow 6% pref 100 13* Franklin 58 101 Ask 73 7% preferred 100 Kentucky Utilities 6% pref..100 7 % junior preferred 50 Keystone Pub Serv $2 80 pref. * Keystone Telephone $4 pref—.50 Kings Co Ltg 7% pref 100 5% preferred 100 Co.* - 100 6% preferred A 100 6 % % preferred B -.100 Commonwealth Edison Co: 25 53 13% 8 67 i x 75 Phila Bid 6% preferred 7 S'thwark—see Par T 50 60 45 100 100 R * * * — * Fitchourg Gas & Elec Light. .50 Florida Power Corp 7 % pref. .100 & 62 Mar_li 12% $6 preferred $6% preferred $7 preferred Frankf'd 42 Tr com—...15 Columbus Delaware & Marion— 7% preferred 100 Columbus & Southern Ohio Elec (V 5 ^Phila Foreign Light & Power units...* 99 40 48 182 10 Florida Power & Lt $7 pref— 109 jx 100 Federal Water Service com A..* 101 100 Coast Co Gas & El 1st pref__100 Oolum G & El Corp (Del) com..* $6 preferred Essex Company 2% i!* la* Federal Power & Light com—50 Fed St & Pleasant Val—See Phila 24 108% 20)4 * Cleveland Railway 76% 1% 23% 2% 50 45 30 Citizens' Pass Ry—See Phila R T Citizens Traction—See Phila Co Citizens Utilities com. 1 Citizens Water Co of Wash (Pa)— * Stocks Jersey Cent Pow & Lt 7% pf.100 100 6% preferred As k 2% * * —.....—50 European Elec class A Option warrants 4 Bid 1 Essex & Hudson Gas 95 75 - com Par Engineers Pub Serv com $5 convertible preferred $5% pref (with warrants) 100 . 79 stocks possible for the closing day of the month preceding the date of Issue Ask I—100 ser . Cities Service utility public Quotations for all securities 100 5 50 70 " 115 89 72"" - - - — 92 93 3% 32 4% 34 80 Stocks Par * New Orleans Pub. Serv com 7% preferred * Newport Elec 6% pref Bid are as near as ~T 3% 50% 51 90 95 New Rochelle Water 7% pref 100 N Y Mutual Telegraph 25 8 12 16 24 N Y City Omnibus common * Option warrants — N YPow & Lt Corp $0 pref 18% 8 80 * 120 100 — Common.- 100 New York Steam Co common—* $7 preferred series A———* $6 preferred.. * NY Water Serv 6% pref..-.100 Niagara Hudson Power-...... 10 1st pref $5 series .......100 2d pref 5% series 100 6% preferred 90 22 108 66 Jan -.60 14% 45% 90 % North Amer Edison $6 pref—.* North Amer Light & Pow 1 $6 preferred Texas Co 100 31' 3m % 37 51 48 ..10 (Del) Northeastern Wat & Elec com..* $4 preferred 10 35 38 100 .....—100 .....—100 50 53 57 60 48 51 26 39 42 100 84 Northern Liberties Gas Northern N Y Util 7 % pref. _ . 7% preferred 100 1 Nor States Power (Del) cl A .100 7% preferred .......100 0% preferred 100 (Minn) $5 series cum pref.. * Northwest Electric 7 % pref—100 North West Util 7 % pref 100 7% prior lien 100 N'western Pub Serv 6% pref. 100 7% preferred 100 Northwestern Telegraph. 50 NY PA NJ Utilities $3 pref * Ohio Edison $6 pref * $7 preferred * Ohio Elec Power 6% pref 100 7% preferred 100 Ohio Power 6% pref —100 Ohio Public Service 5% pref-100 5%% 1st preferred.... 100 6% preferred .....100 7% preferred.. 100 Ohio Service Holding com 1 6% preferred 5 Ohio Valley Gas com —1 Ohio Water Service A * com Oklahoma Gas & Elec 7% preflOO 6% preferred ......100 15 ...—-50 6% conv preferred 100 Omaha & Council Bluffs Railway & Bridge 4% cum pref iOO Omnibus Corp vtc * 8% conv preferred A 100 Orange & Rockland El 7% pf.100 Oregon Wash Water pref Ottawa Light Heat & Pow...100 Okla Nat Gas Corp com $3 preferred Preferred. Pacific Pow & Lt 7% pref 6% preferred Pacific Public Service— Common non-voting 1st preferred Pacific Telep & Teleg.. 0% preferred ... Paterson & Passaic Gas & El Pecos Valley Pow & Lt com Peninsular Telep Co com Preferred Penn-Ohio Edison— 7% 58 61 86 55 57 9 36 43 46 48 51 27 30% 15 86" 85 94 95** 42 46 43 47 110 111 - 87 common Partic class A stock Penna Gas & Elec Co 7% pref.100 Pennsylvania Power 0% pref.100 0.60% preferred 100 Pennsylvania Pow & Lt $7 pref.* $0 preferred ..* $5 preferred * Pennsylvania State Water, pref " Pennsylvania Telep 6% pf__100 Pennsylvania Water & Pow 1 1% 21 23 95** 97 Common class B............1 Scrip ....... 86 89 6% . 7 24% 83 90 7% 7% 83 % Preferred 7% 100 80 101 32% 9 5% 99 42 44 Citizens Phila 18 89 132% 90 133 50 Traction 50 Consolidated Trac pref 50 Duquesne Light 5% 1st preflOO Federal St & Pleasant Val 25 Monongahela Lt & Pow Monongahela St Ry 88 Union Gas (Canada) 20" 10 21H 109% 10 24 1% 11 20% 38 IS* i?« 50 6 101 102 74 76 69 71 88 84 % % 25% 50 60 12 18 22 13% 14% 31% 4% 30 4% United Gas & Elec (Conn) com.* 7% preferred. 38 % 3 7Vs 28% 75 62" 6% 79 7% 65 63 ~ 7c ...» ~ — mm 107" 109 100 Joaquin Lt & Power— 7% prior preferred ...100 6% prior preferred 100 Savannah El & Pow 6% pref.100 Scranton Electric $6 pref Scranton-Spring Brook Non-voting 116 113 105% 65 111% * 1 10% % 13% 1 * 7% 6% 7% 8% 96 98 72% % 75% % 6% / 20c 10c 19** 23% 25% 35 25 27% 12 -.100 48 53 preferred 100 Southern Nat Gas class A com..* 77 79 50 18 22" .25 7% preferred Class cum B common Southern New Eng Telep Nominal. r 100 *, 25' Canadian price. , 3% 128 , 132 2% 10 t New stock. x Ex-divldend. 65 2 10 50c 90 108** 94 * 1.90 * ..... 1.25 100 ..... 2% 11% 113 100 ..... 4% 84 72 115 6 Worcester Trans Assoc • York (Pa) Railways pref......50 York Water Co 10 9% « 80 65 16% Wisconsin Pub Ser Corp 7 % pflOO 6%% preferred 100 Wisconsin Telep 7% pref 100 Wolverine Power Co 5 2 Southern Indiana G & E— 5 110% 100 Preferred 100 Wisconsin Pow & Lt 0% pref.100 28% 11% 1% r 99% 590 18% 22% Y Water pref Class B 56 52 21 —* Williamsport Water pref Winnipeg Elec class A Southern Calif Gas Co— 4.80% 50 n 16 19% 22% 24% 34% .25 6%% preferred 100 Westmoreland Water pref— * Wheeling Elec 6% pref -100 3% 13 6% 105% 85 1 com 6% preferred 2 — Preferred 10 Ser"6%~pr~efII_ Western Union Telegraph.. Western United Gas & Elec— 30c 5c * $ Water Western N 104 * % H 1 ._..—* ... Preferred Western Massachusetts Cos * * 79 i Western Lt & Tel 49 16 79 cum West Va 100 Atlantic Teleg 25 South Calif Edison common...25 7% 14" 1 Preferred 10 42 ~6% 28 common....... Common 82 100 100 1% 20c * preferred 100 cum preferred 100 West Penn Power 7% pref.. 100 6% preferred 100 West Phila Pass—See Phila R T West Texas Utilities $6 pref.....* West Va Ohio River Bridge- 96 * 100 68 100 100 Washington Wat Pow 0% pref..* 93 pref. series A 13% 26 .... Preferred 19% 60 Southern Col Pow com A 22 • West Penn Elec Co class A. 18 5% % preferred series O 25 B 25 Original preferred—--—...25 115% Il —I* Wash Gas & Elec 7% pref.Ill 100 Wash (D O) Ry & El com 100 1% 8% 2% 7% 1% Southern & 6 %" preferred • 7% cum pref.. 100 Virginia Elec & Power— $6 preferred * Virginia Pub Serv 7% pref 100 6% preferred .100 Washington (D C) Gas Light * Preferred * 115 101% 100 * Southern Canada Power .* Class B 0% preferred series 11" 95 III* $6 preferred $7 preferred Utica Gas & Elec 7% pref $6 preferredUtilities Power & Lt cl A 75c 105 Warrants 8% 100 United Tel & Elec 6% pref...166 7% preferred.. —100 Utah Power & Light— Southeastern Pow & Lt— 55" 2% 68% % Script 107 .... A...... preferred $3 preferred 8% 108 . Common com 1st pref $2.75 110 Pub Serv 7% pf.100 Southeastern Gas & Water A cum Class B common.. South Pittsburgh Water— 27% ? * 100 -.100 7% preferred 100 nited Public Service Corp.. 1 United Pub Util com A * 81 90 preferi ed Power 6% 105% 11% % 8% 6.36% preferred 91% 91% 90 * 6% preferred 7 % preferred it* 108^ * United Lt & Pr Common B % 8% oreferred. 100 San Diego Cons Gas & Electric— South Carolina Improvement.!IIII* $5 preferred 8% % _ 24% % 75 102 63 United III Co of New Haven 29% 90 $4 preferred 95 85 United Light & Ry 0% pref preferred series O J00 6% preferred series D 100 5% nreferred series E .100 Roch Telep $6>* pref lOu Rockland Light <& Power 10 St Joseph Ry Lt & Pr 5% pf__100 St Louis County Water pref.. J00 common 1 74 United Gas 3% 60 $5 preferred $5 preferred 80 100 Warrants 32 Water Service 6% pref— Scranton Transit common 1 10 92** United Gas & El (N J) 5% pf.100 United Gas Corp com 1 $7 pref series A I* 100 37% 50 common ~J% 70 10c I* cum preferred Warrants 26 50 . Preferred ' Rochester Gas & Electric— 31 ... $3 12" South Bay Oonsol Water pref.100 South Carolina El & Gas 7 % pf. JP 50 % Last sale. 87 Ridge Ave Pass—See Phila R T Rio Grande Valley Gas vtc 1 Preferred 9 114** 78 55 37 Union Traction—See Phila R T United Corp '. ....._* 10H * ."SO 35 41 Bedford)..100 84 Sioux City Gas & El $7 pref.. 100 South Amer Utilities com 50c 5 28% Preferred 113 * * Rapid Transit Ry—See P 8 Corp Republic Nat Gas com 1 Rhine-Westphalia Elec Pow— Amer shares representing com. Rhode Isld Pub Serv $2 pref * * .... Union Pass—See Phila R T Union St Ry (New 75 100 * * * * _—...* Union Gas System com 62% 62% I. Sierra Pacific Pow common 79 101 23 103% 182 Shawinigan Water & Power * Shenango Valley Water pref. .100 Sierra Pac Elec 6% pref 100 20 100 99 2d Second Ave RR Cop (NY) « 2d & 3d Sts Rv—See Phila R T 14 101 77 119 * common 25% 135 gueens Borough G & E 6% pf 100 adio Corp of Amer * Seattle Gas 22 35 25% 110 60 Preferred * 44 Southern Union Gas com Without par value. 83 132 7% preferred 123 Phila & Darby—See Phila R T * 11 9% 5% 79 San 54 .—..50 * 112 86 7% 3% R T * * 1 Texas Gas Util com Texas Hydro Elec common 40 St Louis Pub Serv 5 Philadelphia Co com $5 preferred 0% cum preferred $6 cum pref Allegheny Traction 99 107 6% 50 Phila City Pass—See h 97 100 100 120 Riverside Traction. 54" 49 25 4 -.100 100 Rapid Transit St Ry Co 100 So Jersey Gas & Elec Trac--100 Class A 95 Peoples Nat Gas 5% pref 50 Peoples Water & Gas pref 100 Peoria Water Works 7% pref.100 (6%) 5% cum 1st preferred Terre Haute Elec 6% pref Texas Electric Ry Texas Elec Service $6 pref 21 105 113 100 100 * $5 preferred B $3.50 conv 1st pref 22 55 108 Prnforrprl People's G L~& C "(Chic) 11111100 Peoples Light & Pow A 1 1st preferred 4 19 94 26 preferred . 80 2 T: • 100 conv 89 Quebec Power 79 83 Tampa Elec Co * Tennessee El P 1st pref (7%).100 7.2% 1st preferred 100 96 94 1st — 5% 92 86 - p Xe 10 90 75 Tacony-Palmyra Bridge— 100 6% preferred 100 5% preferred 100 Tw,n States Gas fr El 7% preflOO Twin City Rapid Transit * 7% preferred 100 Union Electric Co of Missouri— 7% preferred 100 6% preferred 100 7% preferred 6% preferred $5 preferred 12% 4% 10% . Toledo-Edison pref A 7% 35 % Penna Gas & Elec Corp $7 pref..* 2% 110 ; ♦ _ \%Vi 97 35 Pennsylvania Edison Co— $5 preferred Pennsylvania Gas com B Preferred * Suburban Rapid Transit St Ry 150 Superior Wat Lfc & Pow 7% pflOO Swiss Amer Elec 6 % pref Syracuse Ltg 0% pref. 100 6%% preferred 100 22 25 4 * * * 20 * 1 13% San Antonio $2.80 preferred * * ' 20 94% 100 12 24 i!" prior pref preferred prior pref -.100 25 ... com 25 17 Class 25 20 cum Standard Pow & Lt 6% 25 20 cum 96 92 .... Penn Western Gas <fc El 5% 20 cum $4 $6 9% 2 * 94 Puget Sound Pr & Lt $6 pref $5 prior preferred Warrants B $7 6 & Elec com 102 7% preferred 15 100 10 Standard Gas 91 25 100 Public Serv El & G $5 pref 23% 27% 25% * 21 7 Public Serv of Okla 0% pref..100 79 82 _ 80 84 11 100 * 5 16 3 Providence Gas * Public Elec Light 6% pref 100 Public Serv of Colo 7% pref..100 preferred 68 73" St Ry Cos pf 100 $3.50 preferred * Texas Power & Lt 7% pref—100 6% preferred.. * Third Avenue Ry (NY) 100 13th & 15th Sts—See Phila R T Tidewater Power 6% pref Common 23 * * 100 100 2 Springfd (Mass) 3% * Public Serv Co of Nor 111. 25 100 Springfield Gas Lt Co $6 preferred 8% 18% _ 15 24 1% pref.—100 100 Portland Gas & Coke 7% pref 100 Portland Gas Light 50 Postal Teleg & Cable 7% pref 100 Potomac Edison Co 6% pref. .100 7% preferred-.. 100 Potomac Elec Pow 6% pref—100 5% % preferred 100 Power Corp of Canada com * 0% 89% 39 S'western States Telep com * Springfield City Water 0% pf 100 Springfield Gas & Elec pref * Public Serv of Ind $7 prior 52 85 _ 10 Consolidated Trac of N J. .100 49 25 1st preferred (6%)—-——25 1st preferred (5**%)—-—-26 Pacific Lighting Corp com * Preferred ($6) Warrants. ~7" 100 Pacific & Atlantic Tel (gu) Pacific Gas & Electric ~7% 8 31 119 * pref..* * Public Serv Co of N H $6 pref-.* $5 preferred * Public Serv Corp of N J * 8% preferred 100 Northern Ohio Telep 6% pref. 100 Northern Oklahoma Gas com 120 * 19 7% prior preferred * A 36 T Water. com (Preferred 6 Portland Elec Pow 6% % Northern Indiana Pub Serv— 6% preferred 7% preferred 6**% preferred Union 14 7% pref—100 E 7% pref.100 "30 11 Pittsburgh Suburban Water— $5.50 preferred 100 Plainfiela Southwestern G & Southwestern Lt & Pr 30 10 50 50 R S western Bell Tel 3% pd) 50 Phila Corp Southwestern Bell Tel pref.-.100 Southwest Cons Gas Util com 1 Southwest Gas (Okla) 7% preflOO 29% 114% 29% 25 50 50 Philadelphia Traction 60 Ridge Ave Pass ($28 pd)—50 2d & 3d Sts Ry guar 50 13th & 15th Sts Pass Ry 50 Union Pass ($30 5-6 pd) 50 Union Traction ($17% pd)_50 West Phila Pass guar 50 Phila Suburban Wat 6% pf—100 Traction—See Bid Par 2 Frandf'd & Southwark Pass_50 Germantown Passenger 50 Phila 34 .* ' North Amer Utility Securities North Boston Ltg Prop com Preferred North 13 i* H „ 14 % 43% 29 Phila & Darby Pass Ry Phil & Gray's Fy ($25 pd) 70 68H 112% PhilaCityPass Ry ($22 % pd)-50 94 12 10 5% 28 * * 7% preferred 50 Citizens Passenger guar 50 Continen Pass Ry ($29 pd)_50 Fairm't Pk & Haddington.-50 Preferred Stocks So Jer G El & Tr—See P S Phila & Grays—See Phila R T Philadelphia Elec Co com $5 preferred.. Green & Coates Sts ($15 Hestonville M & F com % —* com preferred & 18 Class A option warrants..... Class B option warrants North American Co 83 month preceding the date of Issue Ask Bid Par Stocks Phila Elec Power 8% pref... 25 Philadelphia Rapid Transit—50 19 J% * 7% preferred 100 N Y & Richmond Gas 6% pref 100 N Y & Queens El L & Pow— possible for the closing day of the Ask 100 6% STOCKS PUBLIC UTILITY Quotations for all securities 7 52 54 90 84 117% 4 4% 18 24 Under the heading "Industrial and Miscellaneous Securities" we include all issues which do not appear under the previous three headings, namely "Railroads" "Investing Companies" and "Public Utilities." In the case of stocks, however, we put "Textile Manufacturing," "Insurance," "Mining," "Real Estate and Land," "Title Guarantee and Safe Deposit Companies" under separate heads, then follow with the rest of the "Industrial and Miscellaneous." NOTICE—All bond prices are Quotations for a1! securities Bonds Bid INDUSTRIAL AND MISCELLANEOUS BONDS Abbotts Dairies deb 6s 1942-M&S Abitibi Power & Paper— 1st M 5s 1953 ser A 102% Acadia Sugar Ref 4Ms 1955. A&O Adams Exp coll tr g 4s 1948-M&S Coll tr g 4s 1947 possible for the closing day of the month preceding the date of issue Bonds Ask 104M 38% 38% 38 % 39M 101 90% F&A 92% 90 J&D 4Mb stamped 1946 near as Bid Beth Steel J&D / / Certificates of deposit "and interest" except where marked "f" and income and defaulted bonds are as 93 100% Addressograph-Multigraph Corp 4-4 MB 1938-1939 A&O 1940-1945 A&O Advance Bag & Paper 6s '52- J&D Ex scrip Aeolian Co 6s 1944 J&J Akron Times-Press 1st 6s '45 A&O 84% 85 90 70 76 33 80 25 Bryant Paper 6s A 1942 Alabama Mills 6s (w-s) 1953 .J&D / Without stock J&D / Albany Perf Wrapping Corp— 1st M coll tr 6s 1948A&O 6s assented w w 1948..-A&O 45 35 50 6s 1955 - / Alberta Pacific Grain 6s 1946 J&J M&N 99 Budd (E G) Mfg 6s ext 1941 .F&A Bush Allis-Chalmers so 80 s f deb 4s '52.M&S Alpine Montan Steel Corp— 26% 106% s f 7s 1955 Aluminium Ltd s f deb 5s '48.J&J Amer Aggregates Corp— New 3-6s 1943 85 99 35% 107 _ F&A Amer Color type 6s 1942 F&a Amer Dept St's (Pa) 6s *48.-J&D / Amer Dept St's (Del) 6s '47_ J&D / 44% 45 Am Fruit Growers ert 7s '43-F&A J&D 95% Amer ice Co deb 5s 1953 Amer I G Chem Corp— Conv deb 5%s 1949 Amer M&N 75 80 % 100 99% 5%% notes 1956 Am Lime & Stone 5%s'51 99 M 99% 100 M J&J 86 53 M&S 96 67 99 69 Am Silica-Sand 6s 1951 Am Tobacco deb 4s 1951 Debenture 6s 1944 65 58 104% 84 M&S / F&A A&O 118 American Type Founders Inc— Conf sf deb 2%-5s 1950—J&J/ Am Wire Fabrics 1st 7s '42--M&S 95 98 Amer Writ Paper 1st 6s 1947 J&J / Certificates of deposit / Conv 68 1961 Ann Apr/ 15 1520% 16 100 Ames-Holden Tire & Rubber— Income 7s Jan 1 1943 M&S / 94 Anaconda Copper Mining Co— Sink fund deb 4Mb 1950.-A&O 103M 16 22 s 94 96 s 94 96 Arnold Print Wks 6%s 1941.A&0 / 1st 5s Feb 1 1952 A&O Arundel Bond Corp 2-5s Dec 1 *53 Arundel Deb Corp 3-6s Dec 1 '53 _ Ashville Giti7e-Times 6s'45-M&S Associated Mtge Co 3-6s Dec 1 '53 58 60 52 54 75 m mm 55 95 43 mm mm mm mm mm. mm mm mm 45 Atl Gulf & W Indies SS Lines— Coll tr g 58 Jan 1 1959 J&J „ Atlanta Laundries 6Ms w w 1943. / Atlantic Ice & Coal 6s 1951.J&D Atlantic Ice Mfg 6s 1945 F&A Atlantic Lumber 6Mb ctfs —1932 / Atl Sug Rof 1st s f 4s '51—M&N Atlas Imperial Diesel Engine— 53 M 50% 22 95" 92 37 39% 18 23 99 6% conv notes 1945 M&S 73 78 Atlas Pipeline Corp 6s Gen conv 6s 1950 1945-M&N 46 49 24 29 M&N / J&J / Ault-Wllllamson Shoe 6s 1942— / Autocar Co 7s ext 1947—M&N Avery (B F) & Sons 5s w w'47J&D 95 89 76 , 36 15% 18 Bagley-Clifford Corp 6s 1942. J&J / mm 93" 85 35 Baldwin Locomotive Works— 6s consol 1938 M&S / mm 77 M M&N M&S / 58 M 11* 38 40 Cum Inc deb 6s 1947--Barber & Ross 4s 1945— J&D 85 Bates Valve Bag Corp— Deb 6s ex-warr 1942 F&A 99 J&J/ 100 Bayway Terminal 6s 1954—J&J / 12 Beattie Sugar 7Mb 1943 ctfiB.J&D / 10 Bedford Pulp & Paper 6Ms 1942. 101 Beech Creek C & C 58 1944.-J&D 93 Beneficial Loan Soc 6s B 1939 Q-J 104% 97" 106% Bessemer Limestone & Cement— 1955 6s Bethlehem Fdy & J&J Ma 5s'44 A&O Bethlehem Steel Co— _ Called July 1 at 104. 86 65 3 8s 5 114 116% 137] 100j 101 45 s 1st 4s 99% mm mm 65 97 mm 89" 50 91% 54% 66 53 45" 43 103 1st & coll 3s 86 58% 3%s 1953-.M&S 8 15 J&D 4 19 Finland Residential Mtge 100 102% 94" 87 Bank f 6s stamped 1961 M&S Firestone Cotton Mills 5s '48M&S Firestone Tire & Rub of Calif— S f 5s 1942 M&S First Bohemian Glass Works— s 102% 104 104 1st secured 7s 1957 J&J Flour Mills of America Inc— 90% 90% Conv g 6%% notes 1946.A&O Foilansbee Bros 5s 1947 J&D 33 Forest Lawn 1st s f 6s 1949—J&D Framerican Ind & Dev Corp— Deb 7%s 1942 J&J ♦ 99 „ 58 45 Francisco Sugar 6s 1956 32 38 96 Frick-Reid Supply 6s 1943..J&D Fruehauf Trailer deb 4%s'47A&0 Gair (Robt) income notes 6s 1972 Galveston Wharf Co— 11% 42% 5s 1950 A&O Consumers Co (Chic) 6s 1946 J&J / Consumers Co (111) 5s 1956.-J&J 24 'mm 33 61% 62% 96 Ref mm mm 100 86 77 Packin^4 ^s 1946 4%s Dec 15 Gelsenkirchen Mining Co— 6-yr 6% notes 1934 6s 1937. 6s 1940. mmmm 48 101% sale! 5%s series A 1951 Ref 5%s series B 1954 1st 58 1940 Garlock mmmmrn n Nominal! 17 105% M&N Franklin Coal Co 7s ws 1949-J&J / Fraser Co 6s Jan 1 1950 J&J French Nat Mail SS Lines 6s '52 94% 42 83% 98 96% conv 6 Mb '39Federal Sugar Ref 6s ctf '33 M&N Fiat 8 f deb 7s 1946 J&J Filtrol Co of Calif 5s 1946— J&D 99 ---- 60 99% 75 97 5s 1969 Federal Screw Wks 88 88 86 20 Farmers Nat Mtge Inst 7s '63A&Q Federal Coal 7s 1944 J&D 95 88 86 27 20 27 J&D 1938-1939 Farmers Mfg Co 95 95 93 93 _._M&S 102 10 59 1st & coll 3%s 1940-1942-J&D 1st & coll 4%s 1951 J&D 71 93 F&A 20-year 4s s f deb 1956—J&D ITamous Players Canadian— 104% 69 A&O Everlastik Inc 1st 7s 1937-M&N Fairbanks Morse & Co— 15 k Last 65 J&J J&J 1952 5t lien 1st liei 7s 1967 ser C 7s income 1967 91" / 50 A&O European Mtge & Invest— 1st lien 7%s 1966 ser B_._F&A 7%s income 1966 56 41 103% /' f 4s 1956 4% notes 1942 Erie Elec Motors 5s 1941 Ernesto Breda 7s 1954 69 / interest. 48 Emporium Capwell Corp— 88 5%% notes'37(Am ptctf)M&N / 99% Subsidiary CorpDeb g 5%s 1948 ser A__M&S 102% Connor Lumb & Land 6s '41 M&N / 70 Consol Biscuit 1st 5%s B *46 M&S 1,89 1st 5%s ser O 1946 89 J&D Consol Cement Corp— Cum inc 6s 1950 F&A / 55 Cum inc 6% notes 1950--F&A / 40 Consolidated Laundries— Extended 6%s 1941 A&O 99% Consol Oil s f deb 3%s 1951. J&D 94% Consol Paper Corp 5%s 1961 31 5%s ex-stock 1961 J&J / 36 Consol Steel Corp 6s ser A *44 J&D 93 Consol Textile 1st 8s 1941 ..J&D / 10 accrued 102 40% 6s 1943 Commonwealth warrJ&D 30" Eastern Cuba Sug 7%s '37.M&S Eastern Dairies 6s 1949 M&N 11 Oont'l Invest Bond Oorp 2-5s '53. Oont'l Invest Deb Oorp 3-6s '53 57% Jan 73 8 Corp 1st 6s '46. J&D 15 95 43 49 Consolidation Coal Co— Sink fund 5s July 1 I960--A&O Jan J&D 1948 M&S Q-F Q-M Q-J Q-F Q-M 6s series AC 1952 Q-J Colo Fuel & Iron s f 5s 1943-F&A / This price includes 63% 102% Coll 119 52 140 ft Basis. 99% 105 Empire Oil & Refg 5 %s 1942 A&O Empire Properties Oorp 2-3s 1945 Empire Sheet & Tin Plate— 5 114 7s series A & B 1950 7s series C 1959 7s series D 1956 6s series AA 1953 6s series AB 1948 with 77 A&015/ Klec Auto-Lite deb 4s 1952.F&A Elk Horn Coal Oorp— 97 1941—M&N Clearfield Bit Coal 4s 1940--J&J Cleve-Cliffs Iron 4%s 1950.M&N Cleve Tractor conv 5s 1945.M&N Collateral Bankers Inc— 1943 f 6s Oct 15*60 Eastern Mfg 7s ser A 1938.-J&D East Temple Corp 6s (w s) 1941Eaton Paper 1st 6%s 1943-M&N 48" 85 Cities Service Asphalt 5s '52. A&O City Ice (Kansas) 6s 1940—-A&O City Savings Bank of Budapest 7s 1953 F&A / 5s s 91 90 66 M&S M&S 21 21 72 Durham Duplex Razor 6s 1955— Eastern Car Co Ltd 6s 1952.J&J 60 Champion Pap Corp 6s '45--F&A Champion Paper & Fibre Co— 4%s s f deb 1950 M&S Chateaugay Ore & Iron— Guar gold 4s 1942 J&J Deb _ 1st lien & ref 5s 1942 .—M&N Purch money 6s 1998 Q-Feb Cons M s f 4Mb ser D *60—J&J ♦ 1st 19 19 70 Deb 5s series A 1955 Deb 5s series B 1955 12 A&O / Central Steel 40 J&D / Driver Harris Co 6s 1942—J&D Dryden Paper 6s 1949 F&A Dufferin Paving & Stone— 87 .... 52 90~" / 93 83 103"" Corp— mtge 10-yr 5%% notes 1947—J&J 117 116 92 Container 99 % 1956--.Q-J De Bardeleben Coal Dominion Textile 4%s '55--M&S Donnacona Pap 4-4 %s '56.-F&A Commerz-und Privat-Bk Germ'y) mm-mm mm ' mm 88 84 90 Income 5s 1970 An Apr Colo Indus 1st 5s A & B 1934 F&A Oomm'l Disc t (L A) 6s '39--A&O Auburn Automobile— 6s profit share deb 99 82 Childs Co deb 5s 1943 A&O Chilean Nitrate inc 5s 1968—J&D 92 89% Davidson Biscuit 5 %s A *45 A&O Davidson Chem 6%s 1937--A&0 49 Dominion Tar & Chemical Co— Deb 4 Ms ser A 1951 M&N 98 98 Chesap'ke-Camp Corp4 %s *47 J&J Chicago Stk Yards 5s 1961-A&0 10 90 , 1940 Mtge 6s 1950 Baragua Sugar Estates— 96 '/ i 1st g 5s 55 71% Carlisle Lumber 6s 1945 Carriers & General Corp— 6%s 1952 17% 20-yr 4s ser B 1955-F&A 1st mtge 4s series C 1957—J&J 89 Central Ry Term & Cold Storage 96 16 Without warrants 103 94 4 26 1939 5 2 1st mtge 68 1941 103% 1st M 101 - 98 M&S Gen mtge 5s 1941 25 M f 68 (San Fran) 1942-J&D f 6s (Los Ang) 1942--J&D Arcade Mall Iron 7s 1943—M&N / Armour & Co of Delaware— 99 Dickey (W S) Clay Mfg Co— 1 Cum inc 5s (w-s) Nov 1 1949. / 110 Cum inc 5s (ex-stk) Nov 1 1949/ 65 Dold (Jac) Pack 1st 6s '42.M&N 99% Dom Coal 1st 4 %s ser A '52-A&0 100% Serial 3%s 1938-43 A&O 99% Dominion Steel & Coal 6%s 1955 98% 36 6 104 102 Canadian Vickers 6s Aug 1 194 7 Caribbean Sugar 7s stpd '41-F&A Certain-teed Prod 5 Mb Sink fund income deb 1967 J&J f Antilla Sugar Estates— Income deb 6s 1951 (w-s)-_J&J/ Conv deb 4%s 70 102 35 Celotex Corp— Debenture 4 %s w w 1947-F&A Central Foundry Co— Anglo-Chilean Cons Nitrate— Anthony (E C)— 100 15-yr deb 5s with warr '50M&N Carthage Marble 6%s '42---M&S 1st non-cum inc 5s Apr 1951. Cassco Corp Inc 6s 1949 M&S / 8 7 106% 90 1940 .A&O Danish Prod L'n Fund 5s *40-J&J Dairyland Inc lsts f 5s 1946.M&S Dow Chem Co deb 3s 1951—J&D 25-yr guar 5s 1955 105M 86 M 91% Ry & Coal— M&S * Detroit Times deb 6s to '43 M&S Deutsche Bank (Berlin)— 6% notes stamped 1935---M&S/ 6s extended 1938 M&S/ Deutsche Rentenbank— Canadian Nat Steamships— Amer Nat Co (Ohio) 6s 1938-J&J Extended 6s stpd 1943 J&J Amer Radiator deb 4Mb '47.M&N Amer Seating 6s stpd 1946---J&J 104% 102 50 87 f deb 4s 1950 Farm Ln J&J 45 90% s 6s 1953 Certificates of deposit 100 60 A&O 79 105 M&S Conv 1st 100% M&N Canadian Internat Paper— 1st M 6s 1949 103% 102% 101% s Deep Rock Oil 7s 1937 97 1st & gen 5s 1957 J&J Canadian Bakeries 6 Ms '45.M&S Canadian Canners Ltd 4s'51M&N 51 f.Nov 1 1950--M&N Crown Willamet Pap 6s '51--J&J Crucible Steel Co deb 5s '40.M&N Cuban Tobacco 5s 1944 J&D 65 98 F&A Can Cement 1st 4 %sserA*51 Canada SS L 6s '41 ser A w* 40 75 J&J Canada Bread 6s 1941 27 55 Camaguey Sugar 7s 1942 A&O Certificates of deposit Campbell River Timb 6s '41-J&J '48 Crown Cork & Seal Co Inc— 55 Byrndum Corp 3-yr notes Jan 15 '39 Calif Cooperative Creamery— 1st s f 6s 1948 A&O Deb s f guar 1943 A&O Calif Cotton Mills 1st 6s '40.J&J Calif Group Corp 5%a 1956 M&N California Packing Corp— J&D/ Am Mach & Metals 4s 1943.-J&J 1st 1st -J&J / 1955 Cons deb 5s 1940 International Corp— Conv 5%s 1949 Amer La France & Foamite— 82 Bush Term Bldg 1st 5s '60--A&O Butterick Co 6% notes '39—A&O Byers Machine 3-6s 88 98 % M&S 1st Cons g 5s Jan 76 82 w Davidson-Boutell 5s 1946._-J&D 35" A&O 1st 4s 1952 93 w 5s s Term " 101% 41 Cumberland 25 101 mmm 52 7 75 84" f extl 6s 1940 J&J / 118 Burns Bros deb 5s A 1961—M&S 30 Burns & Co Ltd 1st sf5s 1958 J&J / 69 Income 5s 1958 Ann, Apr / 58 73 Algoma Steel 1st 5s 1962 A&O / Allied Mtg inc coll 2-5s 1953. J&D Allied St's Corp deb 4 Ms *50. A&O Debenture 4Mb 1951 F&A 94" 78 30 5 40 15-yr 4s 36 Burmeister & Wain (Copenhagen) 15-yr mmmmmm 92 38% 81 75 40 mmm m- Q-F Credit Service deb 6s 81 J&J 49 Cudahy Packing 3%s A '55.M&S Alabama By-Prod 6s 1955—J&J Income 6s 1955 / Alabama Co gen 6s 1938 M&N Ala Cons Coal & Iron 5s '38_M&N 1st series B 1948 58 30 Crowley Milner 5%s 1946--M&N 5%s 1950 ser B M&S/ 34 Brown Shoe Co 3 %s 1950—F&A 106 % Brack Silk M Ltd 6%s '45-M&N 92 99 100% 6s Sinking fund deb 5s 1946-F&A 98 77 101% 90 1938. -M&N Cosden Petroleum conv 5s *47 J&J Cosgrove Meehan Coal 6%s 1945. Orane Co 3%s a f deb 1951. J&D Creameries of America— 40 1st 94 74 100% Coplay Cement Mfg 6s *41—A&O Copley Press 5%s 1943 F&A Cosden Oil Corp 1st 6s 1938-M&N Gen lien 95 Gen sf 7s 1950 _M&N 109% Brown Coal Indus 6 Mb '53—A&O / 25 Brown Co 1st 5%s 1946 A&O / 37% Bid Continental Roll & Steel Fdy— 1st M conv s f 6s 1940-.J&D Cont'l Steel deb s f 4%s 1946-J&J "4% 4 46 36 31 103% British Columbia Pulp & Paper— 1st 6s 1950 —M&N 103% ... Botany Cons Mills 6%s '34. A&O / Certificates of deposit / Bowser (S F) 7s 1944 M&N Brandram-Henderson 6s *39 M&S / 6s 1956. J&D / Bonds Ask 102% 92% 82% 103% British Am Oil deb 4s 1945.-M&S 101 101 6-5 Ms Corp 4 %s to 1941 J&J 3 %s series E 1966 A&O 15-yr s f conv 3 %s debs'52 A&O Boston Wharf 1st 4s 1941—A&O 40" 98 102 85% J&D 92 J&J A&O 103 92 J&D J&D 97" M&S 99 99 99 29% 117% 68 «•«««»' 101 — mmm 100 INDUSTRIAL 82 & MISCELLANEOUS BONDS NOTICE—All bond prices are "and interest" except where marked "f" and income and defaulted Quotations for all securities are as near as possible for the closing day of the month preceding the date of Bonds Bid Gen Amer Transport 3s 1940. J&J 101 64 102' 65 <ones General Cable Corp— 1947ser A.J&J 8434 (Germany) 7s '45-J&J15 / 39^ 6hs 1940 -J&D / 39 Deb s f 6s 1948 / 39 Gen Finance conv deb 5s "51 J&D 92 Gen Motors Acceptance Corp— 10-year deb 3s 1946F&A 102 i0134 15-year deb 3^8 19.11 F&A Gen Itayondeb 6s 1948 w w.J&D / 74 39 Gen Stirast 1st 5Hs'49 w w.J&J 1st mtge s f 6Hs 85 GenEIec Deb - Gen Steel Indiana Co 1st 102] 10134 78 40 Wares— 95 A&O 4 lis ser A 1952— Gen i'heat Ku deb 6s 1940.A\u f ,9 F&A / 12 Certificates of deposit / 12 70 Georgia Marble ls« 6s 1950.M&N German AHantir Gable 7s 1945 / 40 German Bldg & L'd Bk 6hs 1948 / 2134 Glen Alden Coal M s f 4s 65 M&S 6234 85 Globe Industrial Loan 6s 1955 J&J 93 Globe Wernicke 6s Oct 1 '44.J&J Gobel (Adolf) Inc— 50 Conv deb 4Vt»s ser A 1941.M&S Godchaux Sug 1 st s f 5s "47.M&N 103 34 Golden State Milk Prod— 6s 1944. A&O 102 % Good Hope St & Ir Wks (Germ y) 5 f g 7s Oct 15 1945...A&015/ Goodrich (B F) Deb g 6 1945 J&D 7934 1st mtge 4348 1956 J&D 84 34 Goodyear Tire & Rubber— 1st mtge coll tr 5s 1957._M&N 101 % Gordon Baking Co (Mich)— 5s series B 1945-50 J&D 96 Gen Vending 6s 1937 9534 1034 14 14 45" 64" 88 97 M 57 10434 35 81 85 102 - Gotham Silk Hosiery— 1946 M&S Gould Manufacturing 6s "42.A&0 Graham Paige Co 1st 6s "38.F&A Granby Consol Min & 8m 5s 1942 Grand Trunk Ry Term 6 Cold Stor 1st 634s 1952.A&0 / Graton & Knight 4?4s '51-J&D Great Lakes Paper Co Ltd— 1st sf 5s 1955 -A&O/ Grigsby-Urunow conv 6s 36 M&S / Groc St's lYod conv 6s 1945. J&D Gulf States Steel 4 34s 1961-A&O f 5s 98 92 1950--J&J / 22 & Laughliu Steel— 1st. mtge 4 ser A 1961--M&S Journal of Comm. 634s '47 J&J Kansas Pipe Line & Gas— 65 J&J 91 1st 5s series A 45 96 s Jones Cold Storage 4-5s w w 1952 9134 9034 (Rudolph) Inc— 1st 6s 1943 with Am shs.-M&N / Ctfs of dep w w stpd 1943— / 6s stamped (par $925) 1943 / 6s with warr (par $925) 1943-- f Keith (B F) Corp 6s 1946 M&S Kelly Springfield Tire 6s '42.A&0 / 6s stamped 1942 A&O / Kelsey Hayes Wh'l 1st 6s '48-J&J 15-yr conv deb 6s 1948—..J&J Kentucky Rock Asphalt— 33^6348 1945 J&D / Kentucky Securities coll 5* 1940, Keokee Cons Coke 5s 1959--J&J Keyes Fibre 1st 6s "38-'39 M&N 1st 6s 1940-1949 M&N Keystone Steel & Wire— 2% notes 1938 M&N 3% notes 1939-1941 M&N 4% notes 1942-1945 M&N Kings Co Refrlg 6s 1942----A&O Kingsport Press 634 s 1939--F&A Kingston Elevator 1st 6s '50 M&N Kinney (G R) ext 534s 1941-J&D Kirby Lumber 6s 1938 J&J16 New 1st 4s 1947 J&J16 Koehring Co (Milw) 3-5s '45.J&J Koholyt Corp 6 34s 1943 M&S Koppers Co 4s 1951 M&N Kresge Foundation— 10-year coll tr 4s 1945 J&J 3 34* coll trust notes 1947-F&A 37 1734 23 25 8134 82 75 Deb 86 97 — 99 80 — io5 90 90 96" 95 9834 98 100 101 70 2134 2034 10134 101 98 90 8734 32 193^ 21 97 5-6s April 1 1946 J&J Lake St John Power & Paper— 9134 85 82 It* J 41 41 85 10634 Hygrade Food iToducts Corp— 1st & ref 6s Jan 1949 A—A&O 6s 1949 series B J&J Ice Service 1st 634s 1939 J&D 46 MeCnid Rai & Mfg— Deb 6s 1943 with warr _ Illinois Steel deb 4hs 1940—A&O Ilseder Steel mtge 6s 1948—F&A / Independent Brewing 6s "55 J&J Indiana Ice & Fuel 45 107" 2534 109 634s'47-M&N 61 41^ .M&N / Prior lien s f 6s 1942 M&N 60 Indianapolis Motor Speedway— 1st extended 6J4s 1946 F&A 67 Industrial Acceptance 4s 1952 J&J 90 Inland St'l 3 34 s ser D 1961-F&a 102 lmi Limestone inc 6r 1952- 6 70 69 92 104 70 Internal Agricultural Corp— 1st & coll trsf 5s 1942-..M&N 100 International Match Corp— Deb sf 5s 1947 M&N / Certificates of deposit / 5 13 5 13 5s 1941 J&J15/ deposit./ Internat Mercantile Marine— Conv deb Certificates of 1st M coll trust 6s 1941..A&O Paper— 1st & ref s f 5s 1947 ser A__J&J 1st & ref 8 f 5s ser B 1947.. J&J Ref mtge 6s 1955 ser A...M&S Internat Pow & Pap of Nfld— 1st M 5s 1968 -J&J 1st 4Hs 1968 J&J Internat Salt g 5s 1951 opt-.A&O ____ 102 554 1334 534 13 34 37 International Interstate Deb 78 78 1st 95 55 79 95 34 20 78 1954 26 100 New Niquero Sug3 34s 1940..J&J Newport Industries 5s 1947 45 Y Dock Co—1st k 60 IF 4s '51 -F&A 5234 3954 NYLE&WC&RR— 1 st 6s ext 5 34 % 1942 M&N NYLE&W Dock & Impt— Extended at 5 % to 1943 9834 N Y 50 ... J / 86" New York Shipbuilding 1st 5s *46_M^ Trap Rock Corp— 59 50 63 96 42 N Y World's Fair 1939— 2134 2434 Nivelle Corp 4s 1952 * vtv UUU AU JLUtftD 1 B 60 ±1 46" IS Nordberg Mfg Co 1st 6s 19431 95 North Amor Car— 94 102J4 Equip trust 43i« Aug 1 '38-'46. b 5.75 Equip trust 4 34s Nov 25 *38 '43 b 5.75 Equipt tr 4>4s 1938-47 J&Dlf b 5.75 Eouip trust 53as fc>ept 1 *38-'44. b 5.75 North Amer Cement Corp— Deb 6 34S A with warr '40-M&£ 127 93 75 634s 70 1943. M&S Income 634s 1953 M&S f Nor Amer Refract 634s 1944-J&J North German Lloyd— 20-yr s f 6s 1947 New 6-4% 1947 10254 9554 M&N f M&N 42" b 42 b Eq tr 334s 42 ser 75 IF 6s 1937... J&D / N'west Pub's Deb 434s 1948. J&J Northwestern Barb Wire Co— 46 17 88 130 10434 9134 8454 75" 80 63 68 9634 93 96 72 95 54 75 117 18 21 A&O J&J 2254 2254 2254 15 58 9734 5734 4.40 4.40 K 1938-48--A&O b 4.10 Northern Elec & Nor Pap Mills— 1st mtge 5s to 1948 M&N Debenture 6s 1943 M&N Northern Redwood Lumber— 12734 lllV* 63 A&O 85 70 1 st mtge s f 534s w w 1945.F&A 534s without warr 1945-F&A Norwestern Term Co 5s '48.-J&D / 10 91 83 83 21 Nova Scotia 8 & C 5s 1959.-J&J / 6s perpetual stock J&J / 73 O'Connor Moffat deb 6s *38 F&A 60 <>:o-.riCoal 5s '55 op aft'08 M&S / Ohio Finance— See Investment trusts Ohio Leather conv deb 5s '46-J&J Okonite Co 6s stmp 1942 J&D Old Ben Coal 28 9 96 93 / / / 18 7 25 88 / / Paper 6s 1943-J&J / A&O Osgood Co deb g 68 1 943 J&D O'Sullivan Rubber 5 34s '47—A&O 39 35 21 60 70 Oswego PallcCorp 4 34s 1D52.M&S Without warrants Otis Steel s f 4 34o A 1962.-.J&J 80 Oxford Maimi Ptper 6s 1947-F&A Pacific Atlantic SS 2-5s '43-M&N / Pac Coust Cement 6s A 1942-J&D 34 62 Pacific Coast Co 5s 1946 J&I) Palmer Corp of La 1st 6s'48 .J&D Certificates of deposit Panhandle Eastern Pipe Line— 1st mtge & lien 4» 1952---M&S Paramount Pictures 6s 1955.J&J Conv deb 334s 1947 M&S Parmelee 80 5734 44 10034 Pan-Amer Industrial 7s '37.M&S / Pan Amer Petrel Co (of Calif)— 1st conv s f 6s 1940 J&D15 / 23 34 / 1 24 24 9834 82 55 Transportation Co— S f conv deb 6s 2334 2334 .A&O 34 Paton Mfg Ltd 1st 4 34s '56-M&S Peabody Coal Co (Consol Co)— 1st s f 5s 1953 ser A M&N Pearl River Valley Lumber— 99 1st income 4-5s 1945-.—M&S —M&N 105 94 5-yr 6% notes 1931 .M&S Minn Valley Canning 6s *41—J&J /This price includes accrued interest, 53 72 A&O Certificates of deposit— Minnesota & Ontario Pappr Co— 1948 1950 93 Serial 5% notes 1938 57" Metropolitan Ice 7s 1954—J&J Mar 15 Miag Mill Mach'y 7s 1956--J&D fk 24 95 Mich Tann & Extract 6 34s"38M&S Middle Stales Petrol 634s 1945. 7534 80* Miller & Hart Inc. dob 6s '43 .J&J 58 Miller & Lux Inc 1st M 6s '45A&0 119 121 A&O 15 40 96 1st 6s series A 1935 1 st 6s series A 1945 15" 10 J&J 1st income 5s 1945 Orono Pulp & 7% gold notes 1935 9934 10334 - 9634 89 18 Steel t)orp— 2-5s series B 24' b Basis. / 1st coll mtge s f 4s 1965. J&D Natl Tool conv deb 6s w w "42F&A Nat Union Mtge 3-6s A '54—J&J N 60 81 9434 19 1734 95 , 97 9854 10334 80 10334 F&A / 10034 1st 6s series C 109" Radio tor 6 34s 1947 Certificates of dennsit Nat 9334 Memphis Commercial— Appeal 4 34s 1952 M&S Mengel Co conv 4 34s 1947.-M&S Mercantile Stores deb 5s 1947 J&J Merchants Distilling Corp— 5% conv deb 1947— M&S Mersey Paper Ltd 5s 1957—J&D Gen s f 6s ser A 1949 M&S Messenger Corp deb 4 34s "51 J&J Messer Oil 1st & ref 6s 1942.-J&J 100 Nat Oil Prod deb 4s 1952.—J&D 9934 (The) Corp— M 6s 1945 with warr..M&N 75 & 42 Nat Gypsum s f 6s 1^43. A&O National Lumber & Creosoting— 1st 534s 1938-48 A&O M&N 1st 6s serioa B 101 Corp 2-5s Jan 1 "55 Called May 23 at par. 57 81J 100 107 Interstate Zinc & Lead deb 7s '32 / Isotta Fraschini 7s 1942 ---.J&D ♦ 81 4534 Meaa e->nv 73 New Eng Laundries 6s '36--A&O 4-5s 1956 J&J / it.ss.in & Kobbins inc— !?0-yr 21 deb 534s 1950.M&N J&J 97 10034 A&O Corp 6s (w s) 1948 Inc deb 734s (w s) Aug 1 1953Oregon-Am Lumber 6s 1942- A&O Oregon Pulp & Paper 6 Hs to Apr 30 '3/. 6% to 1945---M&N Oreg Terminals 6 34s A 1942.M&N McCormicks, Ltd, 4s 1952 McOrory Stores Corp— 5s s f deb 1951 , — Interlake Iron Corp— Conv deb s f 4s 1947—— A&O F&A 234 234 30 1st M conv 534s A 1946.M&N Cum conv Inc 5s 1952---M&N / Nat Food Products 6s '44—-M&N / Coll four fisws A *44 M&N " Natl Grocers Ltd 4s 1947— -A&O 48 —- McCloud River Lumb 5s "48 J&J McColl Fron'uac Oii6s 1949.A&O 1334 A&O - ' 25 1937 lo-yr deb 434s May 1 "45-M&N National II 15 634s Jan. 1 91 J&J Cum Income deb 5s 1946—M&S Lake Superior Corporation— Gypsum Lime & Alabast— 31 1st & coll tr gold 5s 1944- J&D 5^8 1948 —M&S 993$ 93 Lane Bryant Inc deb6s'40wwM&N H?le & Kilburn Corp 6s "39—J&D / 25 10154 Langendorf Un Bak 6 34 s '41 M&N Hall (F W) Printing Co— Lautaro Nitrate Co— 80 1st & coll 6s stmp 1947—M&N 7914 38 1st conv 6s 1054 with war J&J Hamilton By-JTod Coke Ovens— 38 Certificates of deposit 101 1st s f 5s ser A 1955 M&N 991^ 1st mtge income 1975 99 Gen sinking fund 6s 1956--A&O J&D gg Lawrence Portland Cement Co— 83 Hamilton Mfg 5s ww 1951--M&S §234 98 Deb g 5 34s 1942 A&O Hansa Steamship Lines— 72 Layne & Bowler 3-6 34s Dec 1947. 10-yr 6s 1939 stamped A&O / 86 9634 Lehigh O & Nav fund 4s '48 J&J 6s unstamped 1939— / 100 Cons s f g 434s 1954 4834 J&J Harpen Mining Corp— 48 Cons 8 f 434s 1954 ser O-.J&J Mar.25 6s with warr for Am shs—J&J fk 27 Lehigh Valley Coal— Harris-Seybold-Potter— 1st & ref 5s 1944 F&A 9434 86 Conv b f deb 5s 1951—-—A&O 84 1st & ref 5s 1954 F&A 21 Hart Coal inc 6s 1945 — / 19 1st & ref 5s 1964 F&A Hatfield-Campbell Creek Coal— 1st & ref Rs 1974 F&A 1st 6Hs 1948 M&S 91 6s extended 1943 84" J&J Hawley Pulp & Paper Co— Leonard Tietz—See Tietz 1st 6s s f 1946 --.-J&J / 107 11 Leipzig Trade Fair 7s 1953-M&N / 2134 Haytian Corp inc 8s Oct 1938- - - - / 834 Le Tourneau Foundation— 89 Hearst Publica 6 ^s to 1947.M&N 8734 91 4s coll trust conv 1947 J&J Heller (Walter E) 4s ww "46.A&0 8834 85 Libby McNeil &LibW5s "42-A&0 10234 Helvetia Coal Min 1st 5s 58.A&0 87 62 85" Liberty Baking 634^944 M&S Heywood-Wakofield 5s 1946 J&D 1 iggett & Myers g 7s 1944--A&O 129 63 Hightstown Rug 6 Ms w w 1944.. 60 Gold bonds 5s 1951 F&A 58 Hines Land & Timber 6s "48-. J&J 55 *21* 70 43 Lincoln-Boyle Ice 6s 1947 A&O Hoe (R) & Co 5-7s 1944 w s..A&O 40 8734 57 h Lindsay Nunn Pub 6s 1944—M&S 4K-6HS 1st mtge 1944—A&O Lion Oil 4 34s 1952 90 1 A&O Holland-Amer Line 6s '47-_M&Tm / 39 Liquid Carbonic conv 4s "47-J&D 10034 Holly Sugar Corp 1 34s 1938-A&O 99 9434 100" Loew's Inc deb s f 3hs 1946-F&A 1st 2s 1939 —A&O 99 H 19 100 Logan County Coal 7s 1942.M&N 1st 234s 1940 A&O 99 38 1st 3^s 1941 A&O 98 Y 9934 Long Bell Lumb 6s sei A'42.J&J 6s series B 1943 A&O 38 1st 3J4s 1942 A&O 9634 9734 38 6s series C 1946 F&A 1st 4s 1947 &° 90 9134 126 Loiillard (P.) Co g 7s 1944—A&O Home Serv( LosAng)6 Hs 42 A&O / 38 116 5s, 1951F&A Home Serv(Port 1, ()re>7s "41 A&O / 27" 25 Lukens Steel 5s extend 1955 M&N 60 Housing & Realty Improv— Manati Sugar 1st 7348 '42..A&O 25 7s 1946 M&N / 22 Ceitifieates of deposit. 30 Houston Oil f,o of Texas— 1st s f 4s Feb 1 1957 M&N 100 10-yr sec s f 53$s 1940—M&N 99^ Manhattan Kefrig 534s 1941.J&J 20 Hudson Coal 1st 5s 1962 A__J&D 17 Y Mansfield Min & Smelting— Hud Riv Day Line 6s 1939--M&S / 55 7s without warrants 1941.M&N f 8 f 1st mtge 6s 1946 83" J&J 77 24 22 2d mtge inc 6s Feb 1956 Maple Leaf Milling— / 16 2 34 s to 1938. 5 hstn 1949 J&D Hungarian Central Mutual Marine Elev (Buff) ext 5b '52M&S Credit Mfg 7s 1937 J&J / 15 :::: Marion St'm Shovel 6s '47—A&O Hungarian Disc & Exch Bank— _ 56 54 National Fire Proofing Co— 90 2754 Martin (G1 L) conv 6s 1939-M&N Vlassev* Harris Co 5s 1947, .A&O 65 J&D Nat Dairy Prod H^sw w'fil lVi&N Natl Debenture Corp 3-6s 1953— National Distillers Products— 102 100 68 113 15 J&D 3 1951 (Central Funding series 29 Debenture 5s 1961 2 1946 ser Nat Container deb 53$s "52. 109 60~" 79 ser Natl Consol Bond Corp 2-5s 1953- 55" Ss uniform ctfs of dep 1959 8334 85 J&D Certificates of deposit Nassau (Oer) Landbank 6 M»s 193« Nat 1 Acme 434s ext to *46. -J&D 9834 75 75 75 1941 1 Nat'l Bakifie f>s ser A 1941 M&N Nat Bondholders partic ctfs 100 iy50._M&S 87 6 M&N / . Secured 6s 1937. 31 Lackawanna 45 75 73 Coll D 5s ser 4 1956.. .J&D Munlsing Pap 6s A &B 1943-A&0 Munson Steamship Line— 92 27 sor 0 >11 C 5s La France Textile 1st 6s '42.J&D Lake Erie Bolt & Nut— F&A F&A J&J An Apr 101 2 '66-A&O / M&N / ser 4 Coll A 5s Coll B 5s 75 75 70" 634s 1942 634s Feb 1947 1st 534s 1961. series 104 1947. M&S x-w Mtge Bond Co (Md) 2-5s Dec 1 "53 Mortbon Corp— Krfuger & Toll— 88 6s 1933 5 34s series 16 1940 22 94 r_J&J / Hungarian-Italian Bank Ltd— Sinking fund 734s 1963—A&O / 6s 4734 85 Steel os sec 1941—*_M&N 8s ng Mtge-Bond Co 4s Karstadt 9834 5134 Ry. 91 __ Morris Plan 93 50 35-yr s f 7s 1963 HI) 1st ref 334-48 1951—A&O Mohawk Rubber ext 6s 1938 A&O Monon Coal—See Chic Ind & L Monroe Coal Mining 6s "47 F&A Montreal Cotton deb 6s '43-M&N Morgan Eng 7234 96 66 Sf deb 5s ww Bid Missionary Sisters (Waukegan, »efferson & Clearfield Coal & Iron 100 34 3% notes 1941-1942.— —J&J General Bronze deb 6s '40—M&N Bonds Ask Bid Bonds Ask bonds issue 6 8 102 k Last sale, n Nominal. 1944 72 April, 1938] industrial miscellaneous & 83 bonds NOTICE—All bond prices are "and interest" except where marked "f" and income and defaulted bonds Quotations for ail securities are as near as possible for the closing day of the month preceding the date of Issue Bonds Bid Penn Amer Coal 6s '41-56 J&J Penn Mercantile Properties— Secured s f 3-4s 1961 J&J m s f 6s 1941 ser 36 39 78 80 Pennsylvania Glass Sand Corp— 1st f 4 Ms 1960 s 103 35 40 8m 10 100 X 100M 10H Phila & Read C & 1 5s 1973.-J&J Conv deb 6s 1949 M&S Phoenix Tron 1 st s f 6s 1946.M&N Ti 103 10 Phoenix Silk Mfg 7s 1943—F&A Pickering Lumber 6s A *46--M&N Pierce Butler & Pierce 6 Hi a '42.. 103 m 12 28 2 Pillsbury Flour Mills 6s 1943 A&O Pine Hill Collieries 1st 6s '42 A&O 30 8 100 106" Pittsburgh Coal Co— Sinking fund deb 6s 1949.F&A 106 M Pittsburgh Coke & Iron Co— 1st mtgeconv 4 Hs 1952—M&S 81 108 85 Pitts Crucible Steel 5s to '45.M&S Pitts Steel s f 6s 1948 F&A Pocahontas Consnl Collieries— 104 1st gold 5s 1957 op J&J Poor & Co s f deb 4s 1946 A&O Portld Woolen Mills 6 Ms'41 M&N Porto Rh an Amer Tobacco— Conv 6r 1942. J&J 103 h 90 93 90" 92 96 50 80 82 73 n 90 90 21M 100 85 34 37 67 " 104 Railway W'house 4-6s (w-s) '47 Realty Bond & Mtge deb3-6s '53. Red Riv Lumber 6 Ms 1938-M&N 72 44 26 108 29 93" . It* 104 ffl* 72 100 93 86 90 109 73 74 101 95 91* 97 93 32m 32 A&O A&O Ruhr Housing 64s 1958..- J&J Safeway Stores 4s s f deb '47-J&D 103 1M 21 90 m 1?* 100 m J&D JJ J 9H 65 St Paul Un Stk Ydr, 5s 1946. 1&0 Samson Tire & Rubb 6 Ha '39 J&J Saltex I ooms Inc lis 1954 A&O 93 22 % 25 101 s 54 24 21H M&S 70 72 M&S Scullfn Steel Co— 1951 A&O 3-6s without warrants '51 A&O w w Securities Accept Corp 5s '46 J&D Seneca Copper 7s 1933 J&J Servel Corp 5s 1948. J&J II 80 22 32 32 h Scripps (E W) deb 5Ms 1943 F&A 3-6s 56 16 24 Mfg Co 5Ms 1945—J&J conv 101M ... Stamped.. 1st 6614 15 coup on* f 6Ms 1946 ser B-.A&O Schulze Baking 1st 6s '45 Scott Paper deb 3 Ha 1952 Scovill 10 ii* el* if* Stamped (July 1933 51 24 H 62 125- 105m 106 M 98 h 108 108 99 H 50 39 44" ?i* 12" 100 107 44 m 48m 49 % 95 99 m 100 M 70 75 45m 50 1937—A&O ser Wilcox 55 4 6 107 95 1951—J&J 75 122 Copper & Chemical— 97 . 35 103 H 104 m 2 65 91 M&S Paper 6s *40 4 62 1st 8 f 5Ms ser A 1951 Tokhelm Oil Tank & Pump— 4Ha conv deb 1947 F&A Tomahawk Kraft Paper— 1st 5s (with stk) 1951 A&O Trask Timber 1st 3s 1944 J&D 98 85" 5s '42.-J&J Corp deb 3 Ms 1951—J&D 95 102 H 99 h 23 25 100H 29 55 M 37 / 92 Conv 6s 3d stpd 1944 -F&A Certificates of deposit 28 30 31M Union Compress & Warehouse— 1st 2H-4Ha ser A 1942—J&J J&J 15-yr 3 Ms deb 1952 81M 13 M / J&J / 13 13 M M&S 93 98 J.v.1 90 J&J A&O 5Ms 1943...'. 16M 96 M 97" 71 77 75 33 36" M&S ( v lan) Tr & St 6s 1944.A&O Woodland Farm Dairy— 6 Ms w w 1944 Woods Mfg Co Ltd 102 J&D 85 J&J 3 Ms series A 1942-1945—J&J 4s series A 1946-1947 J&J 4 Ms series A 1952 J&J 98 97 1st 3s to 1941 Woodward Iron 1st lien 5s '62J&J 2d conv inc 5s 1962..Ann Apr Woodward & Tiernan Print— 6s 1942 J&J York Ice Mach 6s 1947 Debenture 6s 1943 96 93 102 85 .... 97 96 103 M 88 95 M A&O 85 J&D 80 Youngstown Sheet & Tube— IstMsf 4sser C 1961 M&N 97 M 97 M No. Lost Sojr N Y Stock Exch—.1,375 $52,000 N Y Cotton Exch 450 9.500 N Y Cof & Sug Ex. 344 4.250 N Y Curb Exch 550 12.000 7,566 lcT.665 2,750 4,500 Boston Stock Exch. SEATS 76 139 Chicago Bd of Tr.. 1,549 Chicago Stock Exch 368 Cleveland Stk Exch Detroit Stock Exch Ft Worth Gr & Cot 900 "600 l'.ood 3.100 2,600 1.701' 2,500 2,500 900 3,500 2,900 1,700 2,500 5,000 4",666 4",500 f,666 1,500 "900 1,150 41 2,500 69 66 6.000 350 Kan City (Bd of Tr) Los Ang Stock Exch 213 5,250 81 1.500 116M Milw 188 523 125 105 18 / United Amusement Corp— 1st s f 5s ser A 1956 F&A United Biscuit deb 5s '50 .A&O United Cigar-Whelan Stores— 103 100 M 100 J&J Union Rock 1st 6s s f 1947..M&S Union Term Coal Stor 6s '39.F&A 33 33 32 33 M 100 Union Oil Co ol California— 6s May 1 1942 ser A F&A 79 M 110 13 Gas 6s 1945 Baltimore Stk Exch 28 100 30 104 M Turner Glass Co 1st 6s 1939.J&D Ulen & Co— 36 92 A 1930 EXCHANGE 51 32 48 Wise Lime & Cement 6s '38. A&O f Witherbee Sherman Inc 6s 1944.. / Wood 68 75 Wilson Line 7s 1945 Winslow Bros & Smith— 106 92 A loiji '80 / Wilson & Co 4s ser A 1955 Conv debs 3 Ms 1947 86 J&D < >il 13 II* Pr lien & coll 7s Jan 1935.M&N Certificates of deposit 5-year 7s M&S / M&N Wickw Spencer Steel 7s '35.-J&J Certificates of deposit Secured 6s 1945 1st 5s 1943-1951 2 92 100 M 90 Pulp & Paper 4 Ms '52 J&D West Chain Stores 6s ww'39 M&N Western Fuel Corp 7-4s '50.M&N Western Newspaper Union— Conv deb 6s 1944 F&A Western Steel Prod 8s A '48.M&N Weyenberg Shoe Mfg— Debenture 4 Ms 1945——J&D Wheeling Steel Corp— 1st M s f 4mb ser A 1966—F&A Whitaker Paper 7s 1942 M&N White Sewing Machine— Deb 6s 1940. 19 Grain & Stk_ Minn Ch of Comm. Minn-St P Stk Ex. 98 Montreal Stock Ex. \ew Orl Cotton Ex New Orl Stock Ex. 106" 60 96 105M S f 5s Oct 1 1952 A&O United Corps Ltd in<" 5s 1953 F&A United Elec Coal Cos inc 7s 1940. / United Drugs 5s 1953 M&S15 United Grain Growers Ltd— 5s series A 1948 J&J 5 Ms series B 1949 M&N United Industrial 1st 6s 1945. J&D / Deb 6 Ms 1941 M&N / United Merch & Mflrs 6« 1945 J&D United securities Ltd 5Ms 1952.. t ITice of Wheeling Stock Exchange memberships are fixed. * Called May 1 r Canadian prices, s Sale price, y 80 seats, 70 members. Nominal, 95 81"' • 1 87 1947..A&O F&A Conv 6s 4th stamp 1950..F&A Unified Deben Corp 5s 1955 101M West Indies Sugar 6s 30 94 78 mas f W Va Coal & Coke 1st 6s '50.J&J Tide Water Assoc Oil 3M* '52J&J 103 h 50 !10M 34 29 M 26 W Va M&S nderoga Pulp & M&N M&N 1937 72 1st mtges f 5Ms ww 1949-A&O Studebaker Corp 6s 1945 J&J Tic. M&S / M&S / 32 Tietz (Leonard) 7M» x-w '46.J&J Tilden Lumb & Mills 6Ms'46M&S 136 100 X Guar 109 m Texas Sugar Ref 1st 6s '44..F&A Tbermoid Co 6s w w 1951J&D Three Rivers Grain & Elevator— 4 1941 28 28" 104 f deb 6s Conv deb 4 Ms 1952 20 bridge & Clothier— Warehouse 2d s 18 Strutbor8 Wells Titusville— I'erm 11 37 Webster C&C 1st g 5s '42 op M&S West Disinfecting 6s 1940.-J&J 55 5s Conv 68 Texas 21M * 92 67 RR 63 m 60 Wayne Coal Co 6s 1936 J&J deposit 1936—J&J 2d stamped 1940 J&J Strange (John) Paper 6s '44—J&J & 55" .M&S A&O 5 Ms notes 1937 Warren (S D) Co— 1st mtges f 4Ms 1952 90 7s unstamped Coal 60 A&O 20-yr 1st mtge 4s 1955 85 Stinnes (Hugo) Industries— Sugar Estates of Oriente— 1st 7a 1942 ctfs of dep 100 Warren Bros Co— 20 63 iStutz Motor Car 7 Ms 98 100 Walton Lumber 1st 6 Ms '41 Q-Jan Walworth Co 6s s f deb 1955.A&o 1942 70 63.00% __ 101M 85 88 deb 6s 1944 ser B __M&S Tenn Corp deb 6s ser O '44—M&S Tenn Prod 1st 6Ms 1936 J&J 100 1st 5s '39_. F&A Saratoga Victory Mills— 6 Ms 1943 J&J Saxon Pub Wks (Germany)— 1st extl s f 7s 1945 F&A Gen & ref 6Ms 1951 M&N 6% noiee 1937 J&J Sayre & Fisher Brick 6s 1947 J&J Schoenstadt (H) & Son 6s 1950 Schulco Co 6Ms 1946 J&J 103 m 40 101M cum 1948 36 Warner-Quinlan Co 6s 1939.M&8 Warner Sugar Corp 7s 1939.J&J Corporation— f 5s 7M 99 4 Iron Coal & Coke 5s '49.M&S Warner Bros Pict 6s 1939 Warner Co 1st fis 1944 100 18 Conv 25 103 90 m 104 101 35 44 Tenn 66 M 90 22 4 98 A&O Tcnn St Joseph Stock Yds 5s '40--. F&A St Louis Gas & Coke Cori»— 1st M s f 6s 1947-.--* St L Rky Mt & P 5s '55 stpd 37 A&O A&O s 90 27 m 1st 7 Ms 1943 M&N Wabasso Cot'n 3M-4Ms *51 F&A Walker (Hiram)-G & W— Deb 4 M« 1945 J&D Waltham Wtch & Cl'k 6s '43 J&D 103 m Taylor-Warton Iron & Steel— Coll inc 7 Ms July 1 1958—A&O Royal Dutch CoDeb 4s 1945 with warr 50 103 H inc 3-5s Apr 1950. Steel Co of Can 6s 1941) J&J Stern Brothers 6s s f 1947 J&D 1st 82 35 19 - Stanley Co (Camden) 6s 40 J&D Stanley Crand.ill 6s 1946-.F&A Stanly-Rowl-Clark 6s 1946 F&A Straw 80 34 34 Assuot^d 1946 A&O Vulcanite Portland Cement— Spang Chalf't & Co 1st 5s '48 J&J Spirit Lake Transfer 5s 1946--J& J Springfield Ice 7s 1944 J&D Square D Co deb 5s A 1945--F&A Staley (A E) 1st mtge 4s '46.F&A unstamped 1946 1941 Vertientes Sugar 1st 7s 1942.J&D Certificates of deposit Vlau Biscuit Corp 6 Ms *46.-J&J 4 Stevens & Thompson Pap 6s Stillwater Worsted Mills— Deb 5 Ms A 1943 85 Corp of Amer— Va _ 7s 20 m 99 m 50 Van Camp's Inc 1st 6s 1943.-J&J Van Dorn Iron Wks 7s June 1 1942 99 46 A&O Taggart Bros Co 6s 1944 M&S Richm'd Cedar Wks 6 Ms '45 J&J Richmond Hos Mills 7s 38..F&A Richmond (Va) Ice 6Ms *42. A&O Rima Steel Corp 1st s f7s '55 F&A St Clair Furnace Ice— A&O - 81 60 89 w 28m 28m 28m 88 M Dairy Products— 1938 .M&N w 104 Vs Trucking Corp oMs'43_.J&D Vicana Sugar Co 6s 1P55 J&J Victor Amer Fuel 6s 1940 F&A Victor Fuel 1st s f g 5s 1953. _J&J Conv income 5s 1944 So'western Devel't 4s 1942.-J&J 6Ms 10 107 94 52 United Steel Works (Germany) 6 Ms series A 1951 J&D / 6 Ms series C 1951 J&D 6Ms series A 1947 J&J United 8tockyards Corp— Vanadium 70 Superior Steel Corp 6s 1938-J&D Susquehanna Silk Mills— Sink fund deb 5s 1938 J&D Swift & Co 3 Ms 1950— M&N Riordon Pulp & Paper Ltd— 1st 6s June 30 1942...J&D30 River Raisin Pap 1st 6s '45.-F&A Roberts & Oake (Chi) 6s '44.M&N Rocb & Pitts C & I 5s *46—-M&N Rocky Mtn Fuel 5a 1943 A&O Rolland Pap 1st 5Ms A '48.. J&D Rolls Royce of Amer 7s 1937 M&S Roman Catholic Church 6 Ms J946 Rom Cath Church Welfare 7s 1946 83 Ice Co— 1950 98 98 f Utilities Elkhorn Coal 6r 1 948 T& J Valvoline Oil ext 5s 1947.-M&N 72 71 Sugar Pine Lumber Co— 1st M serial 6s 1932-1942.M&S M&N Rueping (F) Leather 6s '40—A&O 96 5 U S Pipe & Foundry Co— Conv deb 3 Ms 1946 M&N U 8 Print. & Litho 6s 1950.-A&O U 8 Radiator deb 5s 1938 F& A conv deb s f 5s 1946 F&A U S Rubber 5s 1947 ser A J&J Conv deb 5s A&O 4s ctfs of deposit 2d stamped 1946 Certificates of deposit Conv s f 4s 1952 Ruhr Chemical 6s 1948 80 4s ctfs of / 5s with stock 1951 F&A Richardson & Boynton Co Cum income 4s 1945 J&J Richfield Oil of California— A Oil 3 Ms '50-A&O 7 98 15-yr coll tr 4 Ms A ww '51 A&O United Wall Paper Fac 6s 1947. Universal Sewer Pipe 6s 1938.J&J 107" Stinnes (Hugo) Corp— _ ser w s Secured M&S Coll tr 6s 1944 105 m Kraft Corp— 1st leasehold 4 Ms 1946—J&D Starrett Railway Express Agency Inc— Broiore & Sleet b* 1944. 103 m 50 Standard Ice 1st 6s 1947 F&A Stand Oil (N J) deb 3s -61 —,J& Stand Textile Prod 6Ms '42 M&S Radio-Keith-Orpheum Corp— Part paid ctfs (for 6% deb and common stock) 65% paid. Debentur» gold 6s 194I-.J&D Relianci 93 m 92 99 1950 Southern Advance Bag & Paper— 1st a f 6s 1947 J&D Southern Brighton Mills— 1st gtd 7s 1940 J&D 1st gtd 6 Ms 1940 J&D Sou lee & Util conv 6s 1946.F&A Southwest 45 85 Remington Rand Inc— 20-yr deb 4 V* t> w w 1956 MAC 4 Ms without warr't8 195G M&S Republic Steel Corp— Gen mtge couv 4M» A '50.M&S Gen mtge 4^4 ser B 1961 .F&A Gen mtgel 5*3 ser C 1956 M&N Purchase money 5 M" '54.M&N Restigouche Paper Ltd 6s '48F&A Revere Copper & Brass— ' 1st mtge 4 Ms s f 1956 J&J Reynolds Met deb 3 Ms *51—J&D Rheinelbe Union 7s 1946 J&J Rhine-Main-Danube 7s '50 M&S Rhode Island Ice 6s 1948—M&N 97 102 m *outh Coast Corp— Gen mtge inc 6s April 1st 4s 42 _ 82 m 90 95 Smith & Wesson 5Ms 1938..J&J Southern United 1st income 6s 1958..-—J&D Protestant Church of Germany— 's-ai. 68" 96 Slattery Co 1st 6 Ms '45 Hmith (Howard) Paper Mills Ltd 1st 4mb 1951 J&D 4mith (L O) & Corona Typewr'rs Deb 2% to4M% to 1946—.J&J Southern New England 1st s f 4 Ms 1967 72 88 85 19MP-'4P 64 90 m 80 Southern M&S 2d conv deb 4s 1957 M&S Produce Term & Cold Storage— *• 101H 70 J&J J& ' M&N A 1951 45 42 f deb 5 Ha 1947 101 Bid U S Cold Storage (Kan City)— 1 st sink fund 6s ser A 1946-F&A 1st sink fund ser B 1949..F&A U S Finishing 5s 1944 J&J U 8 1st & coll 4 Ms 45" 73 7s 1946 -A&O Prov Paper I td 5 Ms 1947—M&N Purity Bakeries 5s 1948 J&J Quaker City Cold Storage— lets 15sl953 M&N 99 Simpsons Ltd— 42 1st 5s 1957 75" 395 Signal Oil & Gas— Conv 6Ms A 1945 ..M&N Signode Steel Strap 3Ms '45-A&O hlesian-Am Corp 7s 1941.. .F&A Siiverw'd Dairies 5s *41 to *51 J&J •timmons Co Conv deb 4s'52A&O Southern Ice Co— 1st &ref8-5s 1942 Pressed Steel Car Co 5s '51-.J&J Rice Bros & Co Ltd— Series 1940 42 Potomac Realty Atl Deb Corp— 3-6s 1953 Potrero Sugar— 7s stamped 1947 M&N Pratt Cons Coal 1st s f 5s *55 J&J U S Bond & Mtge Corp— Coll trust 6 Ms 1940 M&N Gtd coll trust 6Ms 1942..J&J U S Cold Storage(Chg)fls'45_J&J M 72 m Ann Apr J&J Deb 6s 2930 53 ... Bond Corp 2-5s 1953— Cons Deb Corp 3-6s '53. Deb Corp 3-6s 1953.— Franklin Deb3-6s 1§53_ Potomac Md Deb Corp 3-6s 1953 s 10-yr 7s '35 J&J f 6 Ms '51 with war M&S So cony-Vacuum Potomac Potomac Potomac Potomac Bonds 54 50 98 •ikelly OH deb 4s 1951 108 M Pireili Co of Italy con 7s '52 M&N Pittsb BreWing 6s Feb 4 '49..J&J J&J f 6s 1947 liemens & Halske 7s w w 1943 —M&S 6% notes w w 1938 M&S Phelps Dodge 3 Ms 1952 J&D Conv s Deb g 8 J&D Pettibone Mulliken— 6s Ask 98 15-year 3Ms debs 1951..-M&S iberidan-Wyoming Coal Co— 1st A.M&S15 Bid 1hell Union Oil Corp— Pennsylvania-Dixie Cement Corp 1st Bonds Ask 80 at par. 75 89 107 M 76 M 92 Phila Stock Exch Pittsb Stock Exch. St Louis Exchange. — 19 1.300 t/80 500 1.000 *125 1.250 46.000 70 175 200 800 1.000 115 1.000 45 49 1.100 1,000 1,200 69 18,000 72 4 eno 89 93 62 M 70M Salt Lake Stork Ex_ San Fran Stock Ex. San Fran Curb Ex. Seattle Stock Exchl Seattle Curb & M. J Toronto Stock Exch 36 300 "250 182 M 113 85.000 65,000 Washington Stk Ex Winnipeg Gr Exch. 40 500 463 6.000 83 M 79 25 24 25 35 80 84 60 5oo '400 750 62 b Basis. f This price includes accrued interest, 500 6"f66o 6,500 ft TA«t sale. Industrial and Miscellaneous Stocks 193764 Quotations for all securities are as near as possible for the closing day Stocks Par Bid Stocks Ask Par Per share Dunean Mills STOCKS Algonquin Print. 100 American Mfg.. 100 5% Preferred.100 Amoskeag Mfg * Arlington Mills..100 Barnard Mfg 100 Beacon Mfg 100 100 27 18 Eagle Vara Easley Cotton Mills 45 52 10X 7 % preferred Eflrd Mfg 16 19 54 Enterprise Mfg (Ga) 3X SM 33 26 50 18 85 100 Bourne Mills 10 11 * 84 5 100 7 8 Mills.. 100 15 19 Preferred Dexdale Hosiery— Preferred 100 10 * 48 100 Draper Corp Farr Alpaca 4 Cotton * Gosnold M (N B)__* Preferred 100 Prior preferred.25 Hathaway Mfg..100 Kilburn M (N B)_75 Luther Mfg 100 Martel Mills 8.50 62 4M o 1* 26 28" 18 43 19 29 20 22 X IX 17 10X 1 ox 2nd preferred 1 Nonqifltt M (N B).* Pacific Mills » Mills pref 100 100 Pierce Mfg Pilgrim Mills 100 Plymouth Cord.. 100 ~3X 5 common Quissett Mills 100 Rich Borden Mfg Oo (F R) * Saco Lowell Shops * Common Preferred A 20 20 Preferred B 14 63* ~7X r 96 Ohio Copper of Penmans Ltd com. * r 50 100 r 125 r 17 Preferred 94" 100 42 G"anteville Mfg. .20 Grendel Mills Preferred——.20 Hamrick Mills.— 45 8 _ Hanover 10 17 20 33 9 38 12 106 112 95 97 85 95 Mills— 6% preferred 10 4% preferred S3 prior pref Highland Pk Mfg 20 6% preferred Imperial Yarn 50 50 55 86 62 87 45 3 20 69 100 Oo X Cerro de Pasco 28 Mills 82" 88 76 7 79 105 Ootton 10H 31 33 Pickens Cot Mills 7 % preferred 100 7% preferred-.100 Perfection Spinning. 1 19" 2 .... Mfg 20 Poe (F W) Mfg.. 100 Rhodiss Mills 7% pf 63 4 «§* 102 4X 63 100 64 6 93 98 4 Preferred Calhoun Mills Cannon 68 25 8 96 101 6 77" 72 83 24 28 100 45 si* 55^ * 29 29X8 Mills 87" 6X Chadwick-Hoskins 10 6 8 8 % preferred- -100 China Grove Got 91 65 94 Chiquola Mfg 20 6% preferred Clifton Mfg (SO) 100 Climax Spinning. .50 Columbus Mfg (Ga) Converse (D E)_100 Cowpens Mills..... Orescent Spinning.. Dallas Mfg (Ala) 100 Darl'gton Mfg(SO) 6 30 34 94 103 98 107 53 57 70 87 75 Oo 70 91 4 45" 45 13 17 IX IX 4X 1 Oresson Consolidated Gold Min &M..1 X H Cusi 47 62 Eagle Pich Lead-.10 7 35" Evans Wall Lead-.* 7 % preferred. .100 3% 25 Riverdale Mills— 75 11 13 84 89 95 14 18" 24 9 100 common * 3 4 98 Mortgage Guar..* Southern 1 30 OX 11X 49X 24 X 12X 27 Title 35* 6X 11X com 25" 17 Illinois Zinc 7 % preferred- -100 Spartan Mills 100 21 * 5X of New York 43 115 8 17X 18 17 20 Sterling Spinning 42 47 Stowe 42 47 20c 40c pref—100 55 60 Kennecott Copper.* Kildun Mining T 1 Class B pref— 50 Union-Buffalo Mills 8 12 King David Mining. 10 86 90 Klrkland LakeGold 1 Lane Rincon Mines 1 Lake Sh Mines Ltd 1 20 Startex Mills Spinning Texti I ee Inc Glass A com. .10 10 Common 1st 7% pref... 100 2d 5% pref...100 Victor-Monagh'n 100 7% preferred.. 100 Victory Yarn Mills— 1st M 6s Jan 1941 Wallace Mfg Co Ware Shoals Mfg 100 7% preferred.. 100 Wellington Mills.. * 17 37 18X \ 1 110 41 83 78 55 60 56 93 88 15X 67" 72 16 X 18X Mills Wiscassett Mills Woodside Cotton.20 IX J i¥it 48 90c Lava Cap Gold Mini Louisiana L'd & Ex 1 0% Gold Mining...10 100 Wlnget Yarn Mtge 6s 111 78 83 128 134 4X OVs IX 115 IX X 28% iB A" 1.00 OVs Lucky Tiger Comb West Point Mfg. .20 Preferred $6 preferred 1 Isle Royale Cop..25 Jardine Mining 1 5X X 18X Magma Copper OolO Mayflower-Old Colony Oopper.25 Mclntyre PorcupIne5 Miami Copper. __.5 Mining Corp of 6c 20 Stove * Abbott Lab'tories.* 21X OX 7X OX % l50 Abbotts' Dairy * Abercrombie & Fitch Common 1 $6 preferred 75 Abitibi Pow & Pap.* 6% pref 100 7 % preferred—100 Abraham & Straus.* Acme Steel 25 Acme Wire v t c._20 Adams (J D) Mfg..* Adams Express * Adams Millis * Adams Oil & Gas.* Multigraph Corp... 10 Advance Aluminum Castings com...5 Advance Rumely..* 20c a Purchaser also pays accrued dividend. value. http://fraser.stlouisfed.org/ \ Federal Reserve Bank of St. Louis 1 Flat price* * Last said. » Nominal. r 30 40 32X 34 20 20 X TVs ox 14 8 7 17 4% 5X iox 17X 2 IX 1$ 4 5X 2X 4X IX IX Aetna Brewery Aetna Rubber Canadian price. 1.10 10 20 14 X 1 5c * Preferred Aetna Stand Engine* Preferred —100 Agfa Ansco * 20X 2X 5 20c X X 50 3 ~3X 40 50 24 25 Agnew-Surpass— Shoe * com Preferred Without par 9 15 * t New 9X iox "5" "5% 5X X OX 100 Alnsworth Mfg 5 Air Associates.....1 Air Devices Corp—1 * 20 " 11 * Aetna Ball Bear—.1 IX 47 X 75c 38 45 1.00 Class B 0 aIH 46 7 40 Class A 37X X 4X 65c 37 X 108 % 15 Aeolian Co— 6% preferred A.50 Aero Supply Mfg— National Tunnel and Mines com..* New Jersey Zinc 25 4X Addressograph 30X 5X Canada * Mother Load Ooali'n Mines Mt City Copper.... X Trust 4X% convpfd 20 Mining.. 1 Copper & INDUSTRIAL AND MISCELLANEOUS Inspiration Cons Internatl Guar A B Warrants Island Creek Ooal.l Worsted Southern 5 Bay Min & Smelting..___* Franklin Process X Lawyers Title & Guaranty., 100 % Natl Surety Co. .10 Hudson 7% preferredlOO Southern Weaving.* DEPOSIT STKS. Bankers Bond & Home Title Ins (NY) Lawyers' M Co 26 Homestake Mines Howe Sound Oo .... GUAR¬ ANTEE & SAFE 98X X . 81 a TITLE 34 2X Mining 25c Hollinger Mines 5 76 a 10 1 13 a 90 Hecla 8X a 32 Power common. .5 Gr eene-Cananea 100 Mines a Bond & M Guar..20 Granby Cons M S 8c 90 l5o _ EmpireTitle &Gul00 Goldfield Consol 25 Sibley Mfg (Ga)_100 Smyre (A M) Mfg l6 7% preferred Southern Bleachery 6 Print Wks ♦ a 50 40 Smelting com.. 10 7 % preferredlOO Golden Cycle CorplO Rowan Cotton Mills Saxon Mills a 48 7X % 4X a City RET (C)_.500 Congress St Associ¬ ates (Boston) .100 Factory Bldg Tr.100 Fifty Associates (B) Hotel Tr (Boston) l6o Kimball Bldg Tr 100 Federal Mining 8c 100 70 6c 100 .100,a Bldg Tr Chic R E Trus's. 100 X 25c 4% Mexicana__50c Dome Mines Ltd..* 83 57" 120 27 21 7% preferred-.100 5 92 57 Pacolet Mfg 48" Boston Wharf 3X 48 X Canyon. 10c Copper Range __* Cornucopia Gold .5c Tj[Bos)_l00,a Bos Stor W'h'se.lOO a aH 4c 20c 43 Bos R E 5 Copper 53" IX Cent Cons Min & Smelt .5 82 IX ox IX 29 3X 46X 46 1 Bd of TrBld Tr.100 a Bos Gr'd R'TTr 100 a 10c 1 Copper IX 65c" ox An* Clear Creek Cons— Como Mines 60c 40c 30 Consol 87 8* 25 30c REAL ESTATE TR LAND STOCKS X 20 9 42" 100 8X * Chief Consol Min._l 7 . Musgrove Cotton— Orr Cot Mills 20 7% preferred-.Burlington Mills— 1 5X X 1 IX Yukon Gold......5 IX 5X 65" Norris Cot Mills 25 100 1 10 Preferred 25c 100 Wright Hargreaves Mines * 2X IX 60 IX II 1 Silver-Lead. 1 10 X 2X IX Majestic Mfg Marion Mfg Co Marlboro O Mills..4 6 10 Sunshine Mining. 10c Teck-Hughes G M.l Tonopah Belmont-1 Tonopah Mining. .1 Union Copper Land & Mining 25 6c 24X 49 Mills.. 10 24X 44 Mooresville 22X 10 r Linford Mills pref.. 100 'fx 5 Stand , Z Oo_5 Copper King Coal So Am Gold & Plat. 1 Utah Copper Co..10 Utah Metal 8c Tun.l Walker Mining 1 20c Mill Silver 4X United Verde Ext50c Central Am Mines. 1 Chile 13H 25X 1 5 30c 20c Dredg¬ 5 Calumet & Hecla—5 98 1 10 Copper 28 X X X 2X Carnegie Metals Nat Yarn Mills...50 Avondale Mills 1 Beaumont Mfg 7 % preferred Belton Mills (SO).25 Bibb Mfg Brandon Corp A Class B 2c 40 Preferred Arcade Cotton Mills 2in Zino-Lead 1 Callahan snares Shattuck Denn V 36" 100 Newberry O M..100 Cn Anderson Cotton Mills. Seneca 36" Monarch 2X 96 7 % preferred. .100 St Anth Gold M St Joseph Lead Bunker Hill Preferred Common * 9 5 6 Sull'n M 8c C2 Antelope Min Ltd Amer 7c 5c 2 IX 25 8X Mines—1 Butte Cop 8c Butte & Slip 7 2 ... 5c 1 Austin Silver Min-.l Backbone Gold 1 66 78 Cotton pref Inman Mills King (J P) Mfg.. 100 55" Pond Creek Roan Comstock ing, Ltd 8X 2X 2X Qulncy Zinc Lead & Smelting 1 $5 prior conv pf 25 Anaconda( 'opMin 50 Andes Copper M.20 Gold IX Pocahontas • Premier Gold M...1 106 STOCKS 6% preferred.. 100 Amer Yarn 8c Proc_. 106 106 Amer Bulolo 42c 25 Amer shs ctfs._10 Pioneer Gold Ltd__l Polaris Mining..25c 106 10 Altar Cons Mines. X Consol 9c 1 Old Dominion Co.25 Pacific Tin * Park-Utah— 106 Mining 55 Laurens C M 25 CM(SC)10 Acme Spinning Mills 100 Admiralty Alaska Gold Mining 1 Alaska Juneau Gold Ariz 40c Utah 100 /100 / 100 f 100 ; / MINING 49* Consol Mines...1 Patino Mines 8c 1935. 11 15 an* 67 Nipissing Mines - Black Hawk 8 10X Southern Mills Alabama 69 20 10 Enterprise— Bagdad Copper 24 Riverside & Dan Riv Abbeville 60 144 X MARINE INSUR¬ ANCE SCRIP 59 35 Glenwood Mills .100 Gossett Mills Piedmont 100 5 Noranda Mines North Butte 2.50 99 36 9 72 73 1 29 * 38 _ Limestone Cot Mills 9X 30 Mills common M 95 54 98 Saratoga Victory Wamsutta 7% preferred-. 100 Gafrney Mfg 50 Conv pref 10 68 9 * Preferred —* Soule Mill (NB).100 r 7 95 7 35 7 6 100 Mills r Montreal Cottons. Preferred 100 <95 Judson Mills A pflOO Preferred B 100 32 Powdrell & Alexander Sagamore Mfg (F R) ~6" 10 90 Mills ~2% Patchogue Plymouth Pepperell Mfg r 100 Preferred 99 Serial notes Industrial 100 (Baltimore) Domin Text Ltd—* Rosario Atlantic Mutual— Hartsville Cot Mills. Henrietta Mills— Mt V-Woodb Mills Preferred 100 Nashawena M * Nashua M (N H) 100 Preferred 100 108 — 7 % preferred Florence Mills—100 65" 100 76 98 20 Fairforest Finish Oo Knit.5 7% preferred..100 Preferred N Y & Honduras 45 r 55 18 110 Hanes (F H) J* 1 Mohawk Carpet-.20 Sanford 45 20 Gainesville Cot Mills Brighton Mills— Preferred 100 6% preferred. .100 Flint Mfg Oo 17 X Preferred 100 Border City Mfg 100 Boss Mfg com 100 General 100 Common 80 10 r r 100 59 65" 50c Per share Ltd 100 23 g* 42 Wabasso Cotton— * 25 6% Bid Newmont Mining. 10 New River Co 100 Mills Converters. 100 Can Can Cottons Preferred preferred-.100 110 unassented.* Bigelow-Sanford Carpet common.* Charlton 30 28X 109 Eagle & Phenix—100 100 Erwin Ootton Spinning Oo ♦ New preferred...* Pref 20 7% preferred-.100 Hosiery Durham Northern Mills Preferred Berkshire Fine 20 Par Stocks Ask Per share Canadian 65 7 Dixon Mills... Drayton Mills TEXTILE Bid Par Stocks Ask Bid Per share of the month preceding the date of issue stock. X s Ex-dividend. APRIL, 1938] INDUSTRIAL Quotations for all securities Stocks Par Bid & are as near as MISCELLANEOUS STOCKS 85 possible for the closing day of the month preceding the date of Issue Ask Per share Air Reduc'n com__* 40% 41 Amer I G Chem A. Air-Way Electric Amer Insulator. Appliance Albany Packing. 100 30 58 Preferred 100 Alberene Stone of Va Vol trust ctfs 5 Alberta-Pacific Grain class A Am Internat Corp Amer-La France & Foamite Corp Warrants * Preferred 3?* Inst 100 7% preferred. common Amer —100 * * $3.50 Preferred..* Allen Industries._.l & 10 * 7% 1st pref 6% preferred X Dye conv _ 4H% Class 9X 160 5X Allied Stores Corp.* Am Smelt & Refg- 11?* American Altorfer Bros— 3% 47 6% non-cumpflOO 33 61 Amer Steamship. 100 Am Steel F'dries * P 6% preferred.. 100 Alum Goods Mfg..* 4 6% preferred.-100 1 Leather Am Sumatra Tob__* Amer Thermos A__* 1M 6% conv pref--50 Amalg Sugar 1 5% preferred 10 Amarel Corp 100 Amerada Corp * Amer Agric Chem— (Delaware) * Amer Air Lines...10 15 §* 6% 280 585* Am Bank Note. 100 5?*% conv pf-100 108 American Can 25 7% preferred-. 100 Amer Anchor 75?* 156 X * * 7% preferred—100 Properties . Amer Carmel Preferred 100 Amer Centrifugal.. 1 Am Chain & Cable.* Chicle 100 Preferred 100 Amer Coal (N J) 25 Amer Colortype__10 5% preferred-. 100 Amer 4% 35 30 11?* 12 X 99 IX 44 Argo Oil 7% $6 Amer Arnold Encaustic Tiling Co 1 American Euka.._* Amer Print Arrow Am Fabrics, pref 100 Amer Felt common * Preferred 100 Preferred .50 Am Furniture .1 Am Hair & Felt 1st preferred.. 100 2d preferred--100 Amer Hard Rubb.50 8% preferred.. 100 Amer Hardware. .25 Am-Hawalian SS.10 Am Hide & Leath * V 6% preferred—50 Home Prod__l 25 Amer Amer Hosiery Amer Ice Co 9M 102 k Last Bale* Brewers <fc Distillers5 Brewster Aeronaut'! 1 Bridgeport Brass. _* Bridgeport Mach..* Preferred —100 Briggs Mfg * Briggs & Stratton.. * *ight Star Elec— Class Brill B Corp class A._* Class B * 7 % preferred- -100 X X 2% U5 30 4 12?* 13 25 30 9* 1% 19?* 10?* % 9} 21 21 12 25 17 21 3% 6% 3 5% 5% 81 II MarfU ?oH 21* 2* 13* 20 Mfg * 6?* * 28?* 3 Mar7l& 63 6% Bristol Brass 25 28 30 Bristol-Myers 5 28 Brlt-Ajner Oil Ltd 28?* * * 16?* 18 23 8* 8 Coupon Registered Brit-Amer Tob reg£l 4% Dec 29 65 16 Ordinary bearer £1 23?* British Celanese Ltd Amer dep rcts.lOs % Truck common. Preferred _ * 100 Brown Co 6% pf-100 Brown Durrell * Brown 20c il* 3 Forman Distillery 20 24 Brockway Motor— 94 9 * Brown Fence & Wire 13 2 common 1 Class A pref * 0 18 Brown Rubber.—1 Brown Shoe * 38 95?* 45 Bruce (E L) Co 5 Bruck Silk Mills.—* Brunswick-BalkeCollender * 3 50 7 % preferredBuda wheel 9X 8 5X Buda Co com—100 Budd (E G) Mfg..* ~2% 25* 7 Class A common-* - J* 6 * 8% 9 & Stk Yds 50 50 common * 15% 52% * pref 10 Mar * Beth Fdy & Preferred 17?* Burdines Inc 1 Preferred Burns Bros com—* Burroughs Adding Machine 1 3X Bush Term Co com * 7% debenture. 100 Mach.* 4 Bush Term Bldgs 7% pref ctfs--100 50 30 Butler Bros 41X 13% 75 1% Butterick Publis Preferred * 60 9% 31% * Billings & Spen—25 Bing & Bing 5 Binfcs Mfg 1 5% conv -.10 pref..30 4 Preferred 4% 7% s 50 Class B 3 Fdy & Mach com * ^Canadian price, 4 6?* w u% Ex-dividend. f.New stock. 2 5% 6?* 19 * Byers (A M) com. 7% part pref. .100 Byers Machine—* Byllesby class A * Birdsboro Steel Nominal. ~2~~ Burry Biscuit-12 ?*c * 28 Preferred 14"" * Corp Ltd— Am dep receipts- 5% preferred—.20 7 ^preferred- -100 B/G Foods Inc * 7% preferred--100 Bickfords Inc * 85* \ 3?* * Beth Steel (Del) 27 * 21 Best & Co 77 Burma Limestone 6 Cement com -100 54 33 13 7 % preferred- -100 Bullard Co * Bulova Watch * Bunte Bros com—10 Burco Inc com * Burd Piston Ring—1 6 7 85 , 3% 33 60 5 51 Preferred-.——.* n 14% 18% * 4 Bessemer * - 25 7 7% preferred.-100 * 17 110 6 niture common. _1 Purchase warrants Borland Shoe St—* Associated t Formerly Cord Corp. * com Class A 4% Berghoff Brewing-.1 Berkey & Gay Fur¬ Atl Coast Fisheries.* par value. Casket Brach (E J) & Sons * Bradley Knitting— 1st preferred. .100 Brager Eisenberg—1 Breeze Corp 1 $5 preferred * Buckeye Pipe L--50 Buckeye Steel Oast * Bucyrus-Erie Co.-5 7% cum pref.-100 Bucyrus-Monlghan Conv £1 10 135* 10?* 15% 17% 10% 9 Beneficial Loan Soc * Benson & Hedges..* Am dep rets ord }?* Brinks, Inc 98 Loan Assoc El Indus Ltd * 1st preferred--100 2d preferred * Boyertown Burial Brillo 20 5 20 Preferred 7% preferred-.100 Dry G'ds 1 6% 1st pref-..100 7% 2d pref—.100 45 „ Biltmore Bondholders A.65 Bowm Bilt Hotels— Common ___* Bendix Aviation—5 Beneficial Industrial 1 6% non-cumpflOO Bowman 5X 24% 8% 10% * cum Bender Body com. .5 Rayon.* Athey Truss WLeel 4 ♦.Without 5 22 pref. 20 Corp _* Mfg com.l c common IX 1 Common Assoc V t IX Cream.-25 Preferred Preferred 1 Ashland Oil & Ref.l Asmc Brew (Can).* Assoc Laundries II* 1 common..25 Belt RR * registered 10 Bellanca Aircraft.. 1 Belmont Radio.. * Hegeman Elec. 10 * 7% preferred-.100 Art Metal Constr.10 Art Metal Works..5 Arundel 3X 12 115 Works Aircraft Asbestos 4 30 Bel den Mfg com.. 10 Bell Aircraft 1 Artloom Corp.— 4 2 20 Bayuk Cigars * 7% 1st pref—100 Belding Hem'way. Arrow Hart- Amer Forging and Socket com * Amer Fork & Hoe- -* Preferred 100 Aha Fruit Growers.* 2% 4% 10 pref. Bower Roll B'r'g—5 IX 5% 5X 20% 7% 2X 4% 5 Preferred $2.75 3s 20 conv 100 Bourjois, Inc 100 1 Beech Aircraft 1 Beech-Nut Pack.-20 5% preferred—30 Aro Equipt Corp 1 Equities Co. .1 98 20 21 _ Common Amer Express—100 7 40 Beaunit Mills Inc.lO pref. * 7% preferred-.100 Armstrong Cork * Armstrong Rubb A* Arnold. Constable.5 conv pr IX 7X 6 Optical com 10 5% preferred.. 100 Bay State Fishing.* $1?* 9, 83 Botany Worsted 24 $5 preferred w w_* Bearings Co (Am).* 1st preferred. .100 2d preferred-.100 pref-. 100 6% preferred 10 Amer Distilling pf 10 Amer Dist Teleg * 7% preferred.. 100 Preferred 2% * 100 Preferred * 15 80 40 15 6 Rubber com..* 3 IX 3% 16% 6X 1 15?* Mills A Warrants Armour & Co (HI)— Common 5 20 4% 17 X IX 2% 7% 10 X Mfg 10 guar J* Barlow & Seelig cl A5 Barnsdall Oil... 5 Barnsdall Refining-1 Beatrice Armour & Co of Del Am Crystal Sugar 10 0% 1st pref...100 Am Cyanamid A. 10 50 12 12 Boston Herald 4 Traveler Corp— Boston Woven Hose 18% 5% Beaton & Cadwell Arcturus Rad Tube * com—20 Class B 29 * 7% preferred--100 Commercial Alcohol * common Applied Arts Amer Cigarette & 5%% pref 215* Borg-Warner Corp Borne 8crymser—25 Bausch & Lomb 7% preferred—100 1 Appollo Steel 10 Apponaug Co * AP W Paper * Archer-Dan-Mldl'd * * Cigar Co 26?* Appleton Co— 5% preferred--100 Amer * * r Baumann (Lud) *fc 7 % preferred- .100 Angostura-W upperma nn Corp ,.1 Anheuser Busch._20 Antilla Sugar...100 Apex Elec Mfg....* -.100 16% 1 Bros li* el* 10 Common B Bond Stores com. % * com Barker sS* 21?* Borden Co Bathurst Power 6 Paper A Trading _ 6% Stainless Bates Mfg Bath Iron Wks $6?* conv pref * Anchor P & Fence.* Andian Nat Corp * Am Car & Fdy Barium Bastian-Blessing Hocking Glass Canadian Service cl A Barber Co Inc 10 Barber (W H) Co..l Bardstown Distill.. 1 Basic Dolomite * Anaconda Wire & Cable com 23 5 6% Bartgis Bros com._l 6% conv pref. .25 100 American shares. * . Baldwin Rubber 1 Bancroft (J) & Sons* Preferred 100 Bankers Industrial— 4 "_% Wringer • Writing Pap.* Amer Amsterdam A.Brake Sh & Fdy— New warrants Steel 13P 7% preferred. .100 5 3* 70" 7% pref. 100 7% pref new...30 12?* 10?* Bohn Alum & Br.-5 Bon Ami com A * IX * Baker Chemical * Balaban & Katz._25 Preferred 100 Baldw Loco Wks * V t c for com...13 6% l6~~ 1st preferred.. 100 5 65% Backstay Welt __ Amer American Book.. 100 Amer Box Board-.1 Common-- 59 Transformer. 10 Preferred Am Woolen Co Am Beverage Oorp.l 7% preferred 3X 58 Amer Wind Glass— Class A 100 Common * 6% preferred 50 Am Bemberg com.* 14* 43* common _ 14 18 56 7% preferred--100 10 Preferred 13% Am Vitrified Prod-* Preferred * * Class B 12 24% 107 Am Type Found. -10 American Arch * Am Bakeries pref 100 Class A * 5 3X 13% 6% 7% Preferred 50 Amer Thread pref. 5 Am Tobacco com_25 Common B 25 0 %preferred 100 Am 110 10 16 X 7% preferred-.100 100 Indus..* Aluminum Ltd * 167' American Stores * American Stove * Amer Sugar Ref.100 88 Aluminum 14 Trans¬ Badger Paper Mills * 24 295* 105 Snuff. .25 Conv preferred—* 5 16 pf new 25 Bliss & Laughlin 5 Bloomingdale Bros.* Blumentnal (S) com* 7 % preferred- 100 Boeing Airplane—.5 Bohack (H C) com_* Preferred 100 Babcock & Wilcox.* - Aluminum Co com.* Amal portation Corp Axton-Fish Tob A 10 & F m Bohack Realty pflOO Warrants Aviation Corp(Del)3 Class B * 7% preferred. .100 Alloy Cast Steel * Alpha Portl Cem..* 1 conv 4 Avery (B F) & Sons 5 6% pref w W--.25 {Aviation W) Co- 5% 25 com 60 conv pf 100 American Sealcone— Amer Seal-Kap 2 Amer Seating * Amer Ship Build..* 5% preferred-.100 AUis-Chalmers Mfg Common * All Metal Products 2 A New 36 38 5 14 Am Safety Razor Common 18.50 American Screw. 100 ..10 ment common Bliss (E 7% 10?* 16?* 38 conv pf new 25 12% 3% 10 Automobile Banking $1.50 conv pref 25 _ "I 8% * * 6% 2 prior A__* com * com $3 Preferred Blaw-Knox Co share , 10 % 33 6% preferred.-100 Automatic Instru¬ * _ Am Potash & Chem * Amer Radiator & Stand Sanitary...* . Autocar Blauner's 106 X V cum Black&Decker Mfg * 15 110 15 105 % $5 * 14 Automatic Prod 5 Automatic Refrig.10 Automat Vot Mach * Automatic Washer— Common.. 3 7% cum pref100 Am Republics com 10 Amer Rolling Mill 25 com..25 7* * conv pref--100 , Preferred 17?* 103% Atlas Tack * Auburn Automob * Austin Nich & Co..* 25 108 5% 5 8 » 50 .50 Amer Pneu Serv. Allied Mills Inc * Allied Paper Mills. 1 Allied Prod (Mich) Common 1!* * 100 American Piano— Class A .* Class B 5 Corp common * Allied Kid Co com.5 Allied Laboratories * cl A 101 Optical Preferred Alliance Realty 5 Preferred 100 Allied Brewing & Distilling Co 1 Cbem ♦ Amer Allen town Portland Allied 10% Maracaibo—l 4X Conv preferred_20 Atlas Powder * if* 24* 6% conv pref.. 100 American Meter * American News Co * Allegheny Steel Allendale Corp Atlas Pipeline Atlas Plywood W * Amer Metal Co Birtman Elec Co. .5 * 5% non-cumpflOO Atlantic Refining.25 4% conv pref. 100 Atlas Brewing 1 16 100 . Am Maize Prod Cement pref Alles & Fisher 2?* Amer Mach & Fdy_* Am Mach & Met * 8% preferred.. 100 Algoma Steel com.* Preferred * 10 Am Laund Mach_20 Amer Locomotive.* Alexander Dept Stsl Alexander Hamilton Per Atl Gulf & Wind SS Lines * 50 Preferred * — 2% 6% 23 4?* INDUSTRIAL 86 Stocks Ask Bid Par Stocks Per share 15 13 Byron Jackson.. 'A Cable El Pr v t c—* Calamba Sugar Estates com...20 Calif Pack Corp...* H 17 16% 18 5% preferred.*.50 40 47 Cambria Iron....50 53 54 Campbell Wyant & Cannon Fdry,—* Canada Bread.*. * Preferred .*100 Class B pref--.-50 Canada Cement. 100 Preferred 100 Can Dry Oing Ale .5 Canada Forgings— Class A*....—* - 16H 954 2H - 10% 7 88 43 7H r — 7 90 r. r 8 r B——♦ r Can Iron Fdy's. 100 Preferred. .100 r Can Wire & Cab A Class B... .* Canadian Bronze..* Preferred100 Canadian Oar & Fy * Preferred 25 Oanad Celanese—* Preferred 100 Canadian Colonial r ..... ..... r r w 60 r r r r — ' 28 H 105 7H 18 10 H .... Invest Corp.-... anal Construction 8an Locomotive...* 7 58 18 29 Carborundum Co..* Carw (Philip) * 6% preferred.. 100 5% preferred—100 Carib, Syndicate* .25 Carman & Co A...* Class B— _._...* Carnation Co.....* 5% preferred—100 Carpenter Steel—.5 Carner Corp.—.—* Carriers & General. 1 Carter (J W) Co 1 Casco Products—.* Case (J I) Co—..100 7 % preferred- .100 Case Lockwood & Brainard Co.. 100 Castle (A M) Co—10 16 % 8H SH 4 4 Creamery Package. * 34 Cream of Wheat Stocks trust ctfs.* 48 29)4 19 15 Orocker-Wheeler 154 1)4 58 11 115 840 6% preferredlOO Collins & Aikman * 5 % preferred -.100 / ■ SH 5 J Ool Fuel & Iron...* 8 70 Warrants Colt's Patent Fire Arms Mfg .25 75 63 58 Columbia Baking..* Preferred— * Columbia B'castin Syslnc class A 2) 1 li 13 2 16 16 3 18 Class B 101X ii 2H 4% 7 64 100 7 83 H 13 H 2) Columbia O & G Columbia Pictures-— Vot tr ctfs com..* 14 1854 254 $2.75 5 10 68 pref. conv - * ' $2 preferred. * Commercial Credit 225 14 1 % 29 54 30 5% preferred .100 * 7% prior pref. 100 1st partic pref.100 99)4 9)4 50 63 54 Comm'l Solvents..* Oom'wealth Dist—1 Celotex Co com...* 14 15 5% cum pref—100 Celluloid Corp..*15 46 48 4 63 Compressed Indus Gases com—.—.5 1st preferred—* $7 preferred Central Aguirre * 14 1654 20 ..... Cent Foundry com.l 6% preferred- 100 Cent Ohio St Prod.l Central Paper.*...1 Preferred 10 . 20H H 10 H 2 25 5H 11H Centrifugal Pipe—* Century Rib Mills.* 7% preferred.; 100 3% uy' 104 1254 Preferred .—.100 Charts Corp 10 Checker Cab Mfg.5 Cherry-Bur Corp..5 Ohesebr'gh Mfg..25 Chic Daily News—* Preferred. —* Chic Elec Mfg A—* Chicago Flex Shaft 5 Chic June Rys & Un pf—100 Chic Mail Order 5 5)4 18 1854 99 30 108 32 "OH i" 98 IV* 92 16)4 49% $5 conv pref....* 154 354 9)4 SH 7% 17 105 13)4 94 34 8)4 % 9 1 7H 21 25 35)4 9H .100 —10 Chrysler Corp.. L—5 Cin Un Stk Yds...* City Auto Stamp..* City Ice & Fuel—._» 654 m 5 6 60 97% 8 11% 3 20.. SH 37 H 10 4 6)4% cum pf—100 *8* 60 of Buda pest Am sh A City Savings Bank City & Sub Homes 10 City Stores.......5 V t c A partic..50 V t C B partic...* V t c partic pref 50 64 98 H 9 12 4 23 % 8% preferred.-100 Continental Can..20 $4 50 preferred—* Cont Diam'd Fibre.5 Continental Mot—1 Oont'l Oil (Del) 6 Cont *1 Oil (Mex). Cont'l Roll & Steel Preferred Cont Screw 1 100 com.. 10 Preferred...—.10 Cont Steel Corp.--* Preferred. .100 4% Converse Rubber. Preferred. 33 Special preferredCook P't & Vara—* $4 preferred. * 62 Cooper Bessemer.. 1 $3 prior pref .* 2 Oopperweld Steel. 10 SH tOord Corp —5 t 2% Corneil-Dubilier Elec Corp com., llH it* 75 Class Cuba Co * Cuban Am Mangan 2 Cuban-Am Bug 10 H 54 2 4 2% 2% 3% ..10 Tobacco...* 5% Preferred.100 Cudahy Pack 50 Preferred .100 14 H 1354 254 9)4 3054 54 143)4 9H 454 9H 3254 3 86 114 100 (S R) Mfg ..... part conv n-c A_* 1 7% preferred-.100 Cuban Atl Sugar— 100 Drug........* Preferred 10 Cuban 9 Dow resser 54 354 com.. 5% preferred.. 100 B.\_ 1354 * 68 Dri Steam Valve..5 Driver Harris Co 100 Preferred .100 11 107 3 Dryden Paper.....* 4 63 Dubilier Condenser * Dun (R G)— 1 9 60 16)4 16 Stores..* Dow Chem 154 18 15 6H Bradstreet Corp.* $6 preferred.....* Dundee Textile..—* Dunhill lnternat'1.1 7H 2)4 3)4 29 \ 12 13)4 50 55 DuplanSilk * 8% cum pref..100 1 H DuPont (EI) de N 8% preferred 10 & Co common..20 Cunningham Drug Stores com 12 6% n-v deb—_ 100 .2 H 1154 25 Ouneo Press......• $4.50 cum pref—* 27 Mar 17 Duquesne Brewing. 5 6)4% preferred 100* 105 2 Curtis Lighting—. * 254 Durham Hosiery— Class B com....* Curtis Publish....* 4H 4% 39 $7 preferred—... * 40 6% preferred—100 Ourtlss Wright Oorpl SH 354 Duro-Test Corp...! Class A 13 H .1 1354 Duval Texas Sulph * Dwight Mfg.....15 Oushman's Sons— 50 55 7% cum pref—100 18 $8 cum pref * 3154 lason Oil... 13 Cutler Hammer. * 15 1 $1.50 conv pref.20 Dailey Corp ...1 1)4 6H Darby Petroleum. .5 6)4 Jast Boston Co..10 East Dairies Ltd Daro Corn 8% 15 * 18 pf 100 era Footwear. 1 15 DardeletThr'dlock * 25 Mall'ble Iron25 Darling Stores Corp Eastern Mfg com..* 21 $2 partic pref 23 * Preferred * Davega Sts Corp..5 5)4 AX 1 stern Roll Mill..5 5% conv pref..25 14H astern 9% 14 Davenport fios'y.** Steamship.* Davison Chemical. 1 6H $2 conv pref—* 7 astern Sugar Assoc Warrants... H 54 Common l Dayton Rubber Mfg 5H Preferred .......1 5H Common.......* Class A—35 18% 19)1 Eastman Kodak...* 166 % Decker (A) & Cohn 10 6% preferred.. 100 154 2)4 30 asy Preferred. 63 100 Washing 254 Mach com——* r Deep Rock Oil Class B.:.—... 254 & Ref 7% pf—100 20 11 _aton Mfg Co Deere & Co com 1754 * 18 Cummins Diatil _ 14 1^1 6 ^ 9A 65 40 1054 11H 13 1454 354 15 6 lp 43* 6*0* llH j_4)4 ?! 8 73 58 354 M .... 5llI k 7% preferred.. .20 Dei8el-W emmer Gilbert Corp—10 17 14 7 93 7% 103 2)4 1H 2H H 3 78„ 154 254 54 Delay Stores ..1 Del Rayon A com. 15 Preferred —100 Delta Electric-.2.50 De Mets Inc pref—* Oennison Mfg— Class A_......In 7% preferred.. 100 8% preferred—100 Dentists' (The) Supply com 10 Derby O & Ref com » _ 254 2H % 9H 15 k 854 .1)4 54 12 2)4 1H 1 20 54 5 54 Common.......l Warrants.. 1H ...... Eisler Elec Corp 1 Eisemann Magneto * Preferred ..100 Eitingon Schild * Electrical Steam Sterilizer 1 52 H 2% Electric Auto-Lite. 5 Mar 29 Electric Boat 3 Elec Ferries com...* 23 6% preferred.. 100 54 8% preferred.. 100 Electric Household 3 Util Corp—.....5 7 H Elec & Musical Indus Am shs— 10 H Electric Products..* 1% Elec Shovel Coal—.* Partic pref * 2H 7 H Elec Stor Battery * Elec Vacuum Clean* 2 Electrol Incvtc..l 15 103 50 H 2 45% 19 H 57 1)4 22 H l0oX 38 "54 6* 35 100 6 108 H 654 Common..... 2 5% preferred.. .50 Educational Pictures 13 12 Edison Bros Stores- 20 Common.. .....1 6% preferred—.20 Detroit Gray Iron & Foundry com.. .1 Detroit Mich Stove 1 Detroit Harvester.! Detroit Paper Prod 1 Detroit Steel Prod. * Detroit Sulphite.-10 Detrola Radio & Television ...1 Devoe & Raynolds— 37 H 4& 5 9 3654 fii 87 2 62 21'A 9)4 354 7H Economy Groc Sts.* Eddy Paper.......* 4 8H 91 6 9 Axle Corp com 1 Det Gasket & Mfg— 1H 6554 104 Preferred...* $4 preferred _* Detroit Aircraft Detroit Compensat'g 19)4 1954 10 8H 1 154 6H 154 13 H 2 • M 13 H 6H 55c 30 32 2)4 2H 5 4* SH 1H 6 Electrographlc Corp 10 254 Common ...1 Electrolux Corp 1 Elgin N Watch...15 5 16 50 55 16 60 18 Class A (non-vot) * 26 27 Elk Horn Coal new.* 54 J' 97 10 Common B_..* 2d preferred—.100 25 29 113 17 115 Ely Walker D G..25 1st preferred—100 2d preferred.. 100 112" 10 12 5 1 98 2H . Devonian Oil 10 2% Dewey&Almy Chem . J Name changed to Aviation and Transportation Corp* par value. 27 , AX 65 A* 60 5% prefvtc—100 Consumers Co of 111 23 32 754 80 Consolidated Steel * Consol Textile....* Consolidation Coal— Common v t c—25 Warrants bleday Doran.* Douglas Aircraft—* Douglas (W L) Shoe Conv prior pref— 21 50 7% preferred...* Cons Mach Tool uts. Consolidated Oil * $5 cum div pref.* Consol Retail Sts— 1 Class A........ Class B * 33 Preferred. Chilton Co part pf..* 50 $2.50 prior pref..* Chllds Co com..—* cum Container Corp 20 Continental Baking Chic Pneu Tool— $3 conv pref....* Chic Ry Equip...25 Chic Rivet & Mach 4 Chic Towel com—* Conv preferred—* Chic Yellow Cab * Chickasha Cot O.10 $2 Cons Laundries ...5 Dominion 8)4 Oiystal Oil Ref—* Preferred. .10 10 100 7H 60 H 2H 12 23H Preferred 22 21 ' Dominion Steel & Coal B -25 7H 48 13)4 2)4 26 3)4 20 Common 13 H 17 25 3 24 , 1754 15 354 25 10 28 9 100 Dominican Coal pf 25 Dominion Glass. 100 21 22)4 p Domestic Finance— Cum preference.* Dominion Bdge.100 'MM. 52% ...* 7 27 7H 13 % .* 6)4% pref ■ Crucible Steel... 100 11 Cons Film Indus.. 1 103 101 Chicago Nipple.*. 6)4% prior pf.100 7% preferred-100 (Md)_5 5)4 28 8% preferred. .100 Consol Royal Oil. 10 5 18 H Chamberlin Metal— Weather Strip.. Champion Paper & Fibre......—. 6% pref.—100 Chapman Valve—.2 pref——* Cons Cigar Corp..* 5H 3H 354 6% prior pref.100 Chain Belt com..—* conv Consol Biscuit 1 Consol Car Heat. 100 6H 97 4% $3 e 5 Certain-teed Prods Congoleum-Nairn. * Congress Cigar * si* 4 ...... ^ 1 t c ext Consol Aircraft——1 Cen Violetta Sug.19 Stk Yds v Conde Nast Pub—* Associates—. Central Airport—.* Central Cold Storage Common .20 Petroleum Crown Zellerbach—5 Compo Shoe— Mach 4)4 A 8H Aix 36 Doehler Die Cast..* Dold (Jacob) Pkg— '22 H 18 4H % 6 26 H 18 14 115 Compania HispanoAmericana de Elec American shares Dodge Mfg. * Crown Drug com..* Preferred50 See Invest Trusts 10054 9H 20 Prior Preferred.50 Crown Central 8P CommT Invest Trust 2 19 H 3 $2.25 pref w w—* Preferred x-w * See Invest Trusts 16% Caterpillar Tract..* 85% 4 11 Dobeckum Co com.l Dr Pepper Co.—* 24 Crowley Milner 8 12 8)4 Common *......* Class A ——* Dixon (J) Cruc—100 1 21H 1754 70 3 Liquors..5 23 7% preferred—100 Colum Carbon v t c * Columbus AutoParts com......* 10454 * 11)4 6354 Divco-Twin Truck. 1 Dixie-Vortex Co- 32 78 109 89 H 9 88 Distillers 23 H 83 100 21 20 105"' Ordinary shares.. 6% conv pref. - Crown Cork Int A.* Crown C'k & Seal.* Wire common * Colonial Beacon Oil * Colon Development 3 % H 2254 Seagrams Ltd...* 5% pref w w—100 Jan. 12 12 1 Crosley Radio.-.--* Orowell Publish'g. . * Preferred 60 109 58 H -100 Collyer Insulated Collins Co - Croft Brewing 68 106 common..* 5 Creole Petrol 10 H 112 H Peet common.-. 17 105 7 S% $1.50 conv cl A-20 Cramp (W) A SnslOO Crane Co com.—25 5% conv pf—.100 Colgate-Palmolive- 83 H SH I* 2354 Distillers Corp- 1)4 6 Ooty Inc...------* Oourtaulds Ltd— Am dep rets ord£l JH 115 (NY) Distillers Co Ltd. £1 65 1 5 2 Stove % 50 5% conv pref*.50 34 Coca-Cola Intern..* 99 Discount Corp 2 154 100 Preferred* 35 119 30 114 Dictaphone Corp..* Dictograph Prod-.2 Di Noc Mfg 1 Covered Wagon Co SH 1054 Class A—.....* 25 100 H 254 2% . Ask Bid Stocks Per share Per share 100 105 99 102 53 H 56 163 165)4 warrants........ 8 of New York....* Coca-Cola Co * 754 Catalin Corp..——1 Celanese Corp Mar^lb Pea body * 7 % preferred. .100 CocarCola Bottling Conv preferred-.* Capital City Prod.* 2H 15 H . . 33 Cluett 22 11 H * Preferred.-.100 Can Indus Alcohol.* Class B * 85 1 Coleman Lamp & Airways...——1 Canadian Dredge 6 Dock.. * Can Fairbank pf.100 Canadian Foreign— it* 11 80 Corning Glass Wk 10 Preferred. .100 Corn Prod Refg—25 7 % preferred- -100 Oorroon & Rey'ds.* $6 conv A pref..* Cosden Petroleum. 1 | Ask Bid Clinchfield Coal.100 Preferred 100 Clorex Chemical * Clover Val'v Lumber Preferred A 100 Club Aluminum Utensil com..—.* —— r 4 month preceding the date of issue Stocks Ask Per share 15 15 H * denum Co 2 Class Bid Oleve Worsted Mills Cliffs Corp v t C-—* Climax Molyb¬ 14 58 r Clayton & Lambert * Cleveland Graphite Bronze com 1 Cleveland Hobbtng Mach com..*...4 Oleve Tractor Clev Un Stk Yds-. * Common.......* 1254 60 r Clark Equip Co * Preferred .100 Claude Neon Lt—.1 33 r Canada Packers...* Canada SS Lines..* Preferred 100 Clark Controller... 1 Clark (DL) Co * 92 12% Par STOCKS MISCELLANEOUS & Quotation* for all securities are as near as possible for the closing day of the Common. * Dexter Co com....5 Diamond Match—.* 6% part pref...25 ...... 754 53 it* 15 65 5 17"" .... SH Diamond Shoe... * 6)4% pf (w w) 100 Diamond T Motor 2 _ merson 4 2054 35 1454 92 5 21H 35% 15 98 Class Drug..2% B 2)4 1154 94 18 18 4 2H Tinplate—.....* Employers' Group Associates * 1554 -merson Elec Empire Sheet & 454 6)4 4H ft Last sale, n Nominal, r Canadian price t New stock, x Ex-dividend. * Without april, 1938] Stocks Par Bid Ask are as near as Stocks possible for the closing day 8* Esquire-Coronet "35* 4 + JL 195* 6% preferred.. 100 Fairchild Aviation .1 Fairchild Eng & Aerl Fajardo Sugar 20 2 26* Falstaff Brewery.. 1 6% conv pref——1 Famous Players Can Corp com_.i Fanny Farmer Candy ~2% Gen Foods 1% Gen 27 X Gen 75c 16 5* 4 150 Fedders Mfg 5 Federal Bake Shops* Preferred 30 Federal Compress & Warehouse. .25 Federal Watch units Federal Motor Tr..» 45* 20 45* % preferred 100 Feltman & Curme Preferred * Ferro Enamel ,__1 F G Trading Corp.l Preferred 1 Fiat Am dep rets— Fiberloid Corp * Fidelio Brewery 1 6th Ave Coach—25 30 ip A-100 First Nat Stores—* Fishman (M H) » $5 preferred 100 $7 preferred-. 100 Fisk Rubber Corp.l $6 preferred—100 FitzSimons AConnell D & D com—-.* Flintkote Co com..* Fla Portld Cem u t s. Florence Stove .* Florsheim Shoe com* * Fohs Oil 15 Preferred 100 Follansbee Steel— 3STow w i Food Machinery.. 10 45*s conv pref. 100 Bros Mach 100 * com Am dep rets ord._ Class A * Class B Am dep rets Fort Pitt Brewing. 1 Foster Wheeler--10 $7 conv pref Foundation Co * 1 Foreign shs A—* 13 13* % 70 25 7 75 97 1?H PreferredGibson Art 45* Gilbert 55* UX $5 Gimbel 45* 7 $3 convertible—* 4% conv pref-100 Fuller Mfg com 1 Gabriel Co cl A-- Gair (Robert) com.l $3 Preferred 10 Gallager&BurtonA 1 Galveston Gamewell Houston* Co. $6 conv $3 conv 145* Hendey Mach - - 92 Herr-Hall-Marv 25* 35* 145* 25* 45* 155* Hers hey 28 30 * 55 IX Rubber 3 Canada 6 Gorham Inc 50 com 35* Gossard (H W) Gotham 3 Hosiery 225* 7 Grand 17 32 Preferred p 40 19 Station 10 com X 55* Non vot com Preferred 375* Great West Sugar * 25 * 7% preferred.. 100 52 Garylod Container. 5 iiH 20 5 5* % preferred. 10 Groc Store Prod_25c Accept'ce Corp 5 Transportation- .5 Common 15* 5 3 305* Group No. 1 Oil Group No. 2 Oil Without par value, * 1 Gruen Watch Preferred k Last sale, n Nominal, 125* 225* 25 235* 1235* 45* , 125* 255* 26 125* 85* 75* 45c 85* 1 75* 15* 1400 122 5* 115* 435* 130 142 485* 25* 4 385* 1275* pref-_100 International Paper 6 cum Power com. .15 ii* New 5% pref—100 75* 97 55* 7 Warrants 7% preferred—100 Int Petrol 22 * internat Prod * X 25* Internat Pulp * 2 68 k 28 12 48 35* 25* Int Vitamin Corp..* 25* Bakeries* 16* 65*% preferred. _* Interstate Dept St's* 35 40 65* 645* Interstate Home— 14 16 Interstate Hosiery.* Intertype Corp * 8% 1st pref 100 Chem preferred-.5 Equipment 225* 165* 35* pref_-100 83 P 87 37 43 6 75* Iron Fireman vtc..* Hires (C E) Co A—* Class B —* Irving Air Chute. 1 Irving (John) Shoe. 1 $5 conv 10 Prior pref 65 7% preferred—21 $5 pref Holophane Co * * conv Preferred 16 it* 6 A* "55* 22 75* & 18* 95* 14 5* Chemical com _ 100 100 Johns-Manville 110 7% preferred. .100 6 7 70 70 75 Johnson Oil Ref * Johnson Tin Foil 6 Metal 100 185* 103 Hard't(MY).* 5% preferred.-100 Houdaille-Hershey * Class B * 74 ' 5% preferred-.100 Oil Material 1 com * com 1st preferred 100 (Harvey).5 _ _ iiM Hudson Mot Car..* Humble Oil & Ref_. * Hummel-Ross * if* . 35* 115* 15* 155* 25* 45* 95* 445* 585* 122 35* '45* 235* 100 175* Jonas & Naumb'g25* Jones & Laughlln 35* 70 15* Steel common. 100 45* 225* 6 Mar 29 18 19 7% preferred..100 Joslyn Mfg & Supp.5 Julian & Kokenge--* 49 Kalamazoo Stove & Furnace com 10 Kane Carburetor 6 65* 44 475* KG Stk Yds Me. 100 Preferred .100 Katz Drug com 1 855* 87 Kaufman Dept 225* ¥ 80 3 St's 5 18 8 23 65* 5 56 70 105* - 7% 85* 55* 575* Ex-dividend. 3 pre* 100 (Geo C) Co— 60 7 % preferred- -100 Keller Dorian Color 15 conv Film —20 Kelly SpringTld Tire 25* 125* Kefth-Albee-Orph— Keith 40 65* Common —.12.50 Kaynee 10 Preferred 100 Kayser (Jul) & Oo_5 A* 20 Fibre 5 Common t New stock. 13" 205* Field Houston Oil (Tex) Vot tr ctfs 25 Howe Scale 12 Finance Common 11H Johnson Educat Blsc Class A * Hormel & Co com--* Horn (A C) com * Prior preferred-.5 * 100 965* 100 Jefferson Electric..* 145* Hooker Electro Preferred Preferred w w__25 Jacobs (F L) Co 1 Jarvis (W R Co.. .1 Jeannette Glass * Jefferson Lake Oil 5* « Preferred 10 Jenkins Bros 25 Jewel Tea —* 10 117 _. 31 185* 100 * Holly Sug Co 7% preferred--100 Holt (H) & Co A..* Hubbell Canadian price, 5* 105* 52 7% 30c 6 17 16 * 7% preferred-.100 1 127 * International Match Realization £1 Int Mercan Mar * Internat'l Metal Industries cl A * Int Nickel (Can) * 1475* 20c 2 60c 65* 140" Gas $1.50 conv pref-20 1200 20 88 Spencer Hinde & Dauch Houston 135* 8 25* com Oil & Common Household A* 50 y 15 : Sewing Mach..10 Int Cigar Mach Int Harvester Interstate Class A 245* 124 12 1 r 1915* 25* Int Business Mach. * Internat Button Hole 15 Horn 25 Grumman Aircraft Engineering * * 39 118 83 Agricultural..* 7% prior pref. 100 12 Common..---_25 Preferred 100 7" 20 mi wmmtm Hooven&Allison.lOO Horder's Inc com * 35* Gt Atl & Pac Tea 11 Gen Alloys Co * Preferred 10 Gen'l Amer Oil of Texas common..5 General American Ay* 100 $1.80 prior pref..* Gray Telephone Pay 15* $6 preferred-.100 $1.50 preferred. _* Green (H L) Co—-1 Greyhound Corp— A 195* 215* 5% preferred 20 Graton & Knight. _* Great Lakes SS Great Nor Pap Conv preferr ed_20 12 Grant (W T) com.10 8 Greenf'ld T'p & Die* Class 15* 105* 1365* 565* 145* * 30 Hoe (R) class A..10 J* Raps Varn_* Steel 25 Common Hollander (A }& Son 5 Holland Furnace. .1 Grand Union ctfs_.l $3 cum conv pf__* Granite City St'l..* Inland 51 $15* 5 60 Interchemical Corp * 6% preferred--100 Intercont Rubber—* Interlake Iron ♦ 865* 25* 165* 155* 65* Rapids Brassl Preferred 55* ' 95 Common Grand Nat Films.. 1 155* 65* 5 25* 65* H eywood-W akefiel d Graham-Paige Mot 1 Grand 145* * 5 Heyden < hemical. 10 3 1 X 65* Rayon. _♦ 80 Hewitt Rubber 525* 2 Indus Finance vtc 10 Preferred 100 Indus Machine 1 39 Bart & Co com.25 * com 35 10 10 * pref conv Hilton-Davis 7% preferred..100 Gould Coupler A * 2°% 1st pref 2d preferred 7% preferred.-100 45* 25* 100 Preferred $4 54 * 125* 55* 55* Hershey Chocolate. * 54 Silk 5* ♦ Preferred 100 Internat Radio 1 Int Safety Razor B.* Internat Salt * Internat Shoe __* Internat Silver. .100 7 % preferred-. 100 Int Text Book * Hibbard $3 pref with war.* 115* 55* 65* 4 w* Gorham Mfg v t c_* 45* 29J* 15 105* A. * 45* 20 1 375* 511 ♦ Int. 13 Hiawatha r 14 42 65 7 * ! referred 83 135* 100 llH * com 5* 77" 9 Indus Accep Corp Cum prer 100 Indus Brown Hoist— Industrial 15* Creamery. * 10 $5 conv pref-.-.* Goodyear T & R of * 6% preferred..100 305* $5 preferred-—..* Goodyear Tire & 28 Gen 9X 5X 90 50 1 Powder 88 Pack * Gar Wood Indust—3 Preferred Royalties Hercules * 80 * 2 265* 60 35* . l * pref—_20 1 —* 65* 45* Hendrick Ranch 75 , 15* 5 Oil 15* 20 Ingersoll Rand ♦ 6% preferred-.100 6 Hercules Motors Preferred 50 Goodall Worsted.50 75c 12 42 7% non-cumpflOO * Good Humor Corp Goodrich (B F) 39 (W E) com.2 Helvetia 145* 45* Industrial Silica Preferred 8 GoJdblatt Bros-...* 25* 4 ♦ Preferred 17 J* 3 w w__25 Preferred xw 25 Helme G W) 25 * $3 pref * Indiana Limestone. 1 4 59 50c ♦ 7 IX 45* 55* 29 5 6 70 Great Lakes Dredge & Dock com.. * Gar lock Heller 145* 375* 26 ■fi 19 pref. .50 5 * 5* * 2 A 325* Pneum Terr Ilium Oil non-vot A CHss B 1 37 * pref Gardner-Denver- 50 5 Am dep rets ord £1 Indian 40c * Parts Corp com_3 Helena Rub stein..* 135* * 3 7 % class A pref.25 Hecker Prod v t c_.* ♦ - 4 Heileman Brewing. 1 Hein-Werner Motor Class Goebe] Brewing Golconda Petrol 12 — $6 conv pref Gannett Co Inc— 1 $3 pref 135* Brit & Irel'd Tool 80 6, 10 $7 conv pref * Hawley Pulp & Pap 55* ,l 6P 100 505* 15* 4 145* Indiana Steel Prod.l 210 35* 5 42 75* Feb.16 15 Preferred 10 Indiana Pipe Line 50 Indian Refining. .10 50 55* 10 conv 5 Indian Motocycle..* Hart & Cooley 25 Hartf'd Rayon vtc.l Class B 4% Brewing com Fuller (G A) Co1 8 it* 65* 6 $7 preferred Hayes Body Haytian Corp of 20 10 1 Indiana Gas 6c Chem Common 5 125 40 100 Hart man Tob Harvard Rrew 22 107 10 £1 Independent 16 com 575* Class A Froedtert Grain & Common 6 d* Gobel (Adolf) Co—1 Godcbaux Sugar 20 Trailer. "5"" Bros Preferred IX 4X Franklin ProcessFranklin Rayon—.1 Fuhrman & Schmidt Potter 50 3 Globe Wernicke 22 Fruehauf 155* 120 55* 45*% conv pref 60 875* * 15 Refractories com * Globe Knitting—25* 5 18 F-R Publishing Francisco Sugar— Preferred 20 905* * 5 $6 preferred 10 1 125* 45* - "55* 45* 16 Hearst Consol Pub 5 43 115* Glen Alden Coal—* Glidden Co * 21 Malt common 45* of Gr 885* $5 preferred 35* 35* 15* of Canada com. .5 ♦ 6% 34 Gleaner Harvester.* 7* 22 Common 24 Ideal Cement Illinois Brick Imco Partic Ltd 100 America * Hazel-Atlas Glass.25 * conv 19 nref._100 pref cum 4 1 Imperial Tobacco 93 25* JK Common Imperial Oil Ltd * Registered shares. Imperial Tobacco 10 Hammond Instrum't Hanna (M A) * I* 13* Huylers Inc— Indus rets $6 preferred 100 Hammermill Paper 7* Imperial Chemical 55* 125* 975* il* Watch.." cum 1 Hussmann-Ligonler * it* 9 Hamilton Mfg— Cl A pref part—10 6% 65* 5 Hazeltine Corp * Hearns Dept Stores 2 pref Gilmer (L H) 16 r 6 95* 23 45* 15* 5 Common 78 1 9 30 & 15* ♦ - 2 3% 95* "9" Gilbert-Varker. -1 Gilchrist Co * Gillette Saf Razor.* 7 23 S* (AO) Preferred 245* 3 18 105 * Giddings & Lewis 16 55* 14 75 5 20 ♦ 100 Kilburn— Preferred 100 Hall Lamp com * Hall (W F)Print'g 10 Preferred Class B -.60 - Hajoca Corp.- Hamilton 5 20 7% prefunstpdlOO 7% prefstmpd 100 Hygrade Foo I Prod5 Hygrade Sylvan ♦ 65*s conv pref * 7 65*% pref w w 100 Hathaway Bak A__* 16 8X 15X 60 com 3 Haloid Co. 1 6% preferred Hupp Motor 25* 335* Haskelite Mfg 5 Hat Corp class A__l Class B n-v 1 100 Georgian (The) Inc * 8% class A pref.20 Cement & Alabaster Ltd.* Preferred 15* 155* Giant Portland— 9 55* 205* 102 15* 135* 6% cumpref A100 85 2 33 Corp 65* Genessee Brew A—1 17 84 n* 19 135* 6 ^preferred. . 100 Gen Tire & Rub—5 26 448^ 24 155* Gen Time Instru..* 17 21 Feb*2! 85 * common 67 99 --* Refractories..* New 45* 65* $6 conv pref * Gen Theat Equipt— 41 Fox Film class A * Fox (Peter) Brew__5 Franklin Ry Sup..* Freeport Sulphur.10 1 Gen Steel Casting— Common * Foundation Co of Canada --* Four Wheel Drive. 10 French Investing-_* Preferred 100 -♦ _ 1 25 Harrlsburg Steel 21 k Per share 5* —25* 6% preferred..100 5 Harris Seybold 114 9 45* 205* Bid Par Hunter Steel com..^ 215* Harbison-Walker 17 preferred--100 165* 155* Ford Motor France * Stock* U 125* Gulfboard Oil $5 255* 7 * Gen Ford Motor Ltd— Ford Mot of Can 100 * 70 11 5 com Preferred Foote Burt 255* 1125* Gen Rayon A stk— * Gen Ry Signal * 395* & Gear Motors.-10 $6 preferred it* 35* Follansbee Bros—* Foote 120 General Print Ink- * - 119 6% preferred- -100 10 Preferred 175* 92 52 35 68 Filene'8(Wm)Son8 _* Flour Mills of Am. 165* Preferred 2X 2% 15* 50 Gen Plastics 32 1* Firestone Tire & Rub ser 1 89 Class A Oil Common * Common 5 235* 225* pref.-100 cum 6% Fed Screw Works. .* Federated Dept Sts * 0% pref 102 * 5% preferred 5 i!H 105* 95* 95* Gen Optical pref — * Gen Outdoor Adv't'g 175 3 9 Corp—* Mills General 195* 45* 175* 25* Machinery—* 6% * Common 17 45* % preferredlOO General 24 28 Household Util Common 7 45* 27 X . Guantanamo Sug._* 8% preferred..100 Guardian Coal A Hale Ltd— Elec dep rets reg £1 Gen Finance Corp.l Gen Fire Exting—* Gen Fireproofing. * 7% preferred--100 6 110 4 Am 20 65* 65c 195* 1085* General Electric—* 93 5* _ 85* 15* 225* 1 Oil.-25* Ask Bid Gypsum Lime 8 common * Crude General 1 5* Cigar Gen 50 45 Par Gulf Oil Corp 37 7 % preferred- -100 15* 8% preferred- 100 Fairbanks Morse--♦ Fansteel Metallurg * Farns worth Tele vis* Gen 95 7 % preferred- -100 Fairbanks Co 25 Common General Carpet 95* 1 25* 55* 155* ♦ A 7% preferred--100 Gen Candy A 5 2 85* Exch Buffet Corp.. * Fafnir Bearing 25 Fair (The) Chicago ♦ 117 - 35* 55* 25* 55* 1 3 _ Ex-Cell-O Corp 2^ niooq 26 5* 19 5 Evans Products Ever Plastics Corp General Box Corp.l 5 General Cable--—-* General Bronze. 8 1 Stocks Per share 65* 65* Baking $8 1st pref IX Eureka Pipe Line.50 Eureka Vac Clean.5 5 * General 75* 33 5* 100 87 stocks Ithe month preceding the date of issue o Per share 65* 6 Endicott-Johnson. 50 5% preferred. ,100 Equit Office Bldg * Ask Bid Par Per share Emsco Derrick miscellaneous & industrial Quotations for all securities Common 5 5* INDUSTRIAL 88 Par Stocks Bid Bid Par Stocks Ask month preceding the date of issue Co * KelloggSwitch & 8 .* 5% conv pref.100 Kelsey-Hayes Wheel Kellogg B Class 27c Mickelberry's Food Products com—1 23 % 95 25 Mid-Oont Petrol.. 10 Ludlum 1% Class A * 100 12% 4% 50 Lukens Steel Kennedy's Inc 6 $1.25 conv pref—* Lynch Ken-Rad Tube & MacAnd A Forbes 10 Macfadden Newsp.* Macfadden Pub...* Preferred * * ' * common Keystone MacMillan 6% 16 2-3 Kimberly-Clark * Kingsbury Brew 1 5 % $5 conv 4% 1% * k pref 7%. 100 45 Feb * zv\ shares Koppurs Co 6%pfl00 Kresge Dept Stores 1 4% preferred.. 100 8% preferred—100 Kresge (S S) Co— Common (vot)_10 Kress (8 H.« » 6% preferred 10 Kreuger (G) Brew.l Kroger Grocery & Baking common.* Kysor Heater __1 19% Laclede Steel Manufac's Trading 1 Mapes Cons Mfg..* Maple Leaf Mill...* r r iVA J* 1% Margay Oil Corp..* 17% See Invest, trusts. Marlin Rock well.. 1 Marion St Shov * Preferred 100 Marshall Field & Co* Mar Tex Oil vtc -.1 Common class A.l Martin (Glen L) 1 1 18% Lambert Co._..__* Lanatin Corp ._1 Masonite Corp * 5% A conv pf.100 25 96 Landers, Frary A Massey-Harris Clark 25 Lane Bryant Inc..* Master 10% Lawrence Portland Cement 100 Leath & Co com...* Preferred ..* Lee Rub & Tire -.5 Lefcnurt Rlty Corp 1 Conv pref Refining pref. .100 McCall Corp ....* _ . conv 6% pref.100 conv McQuay NorrisMfg* Mc Williams Dredge* Ley (Fred T) A Co.* Llbbey-Owens-Ford * Liberty Baking.. * Mead Corp com Preferred 100 Lib McNeil & Lib.* Mead Johnson Life Savers Corp..6 Mellins Food Lig A Myers Tob-25 Melville $5.50pfserB ww* Common B 25 7 % preferred-. 100 Lily Tulip Cup * Lima Locom Wks_* Lincoln Printing...* $3.50 preferred..* Lindsay Lt&Ohem 10 Preferred Line Material 10 ._* A * Link Belt Co Lionel Corp......10 Lion Matcn * Lion Oil 5% Preferred Locke Steel Chain.5 Lockheed Air Craftl Locomotive Firebox* Loew's Inc * $6.50 cum pref..* Loew's Bos Thea_25 Loft Inc * Lone Star Cement-* Long Bell Lum A._* Common ....* r $5 preferred—100 * Longwest Corp Loose Wiles Bis..25 ► 6% preferred.. 100 Lord A Taylor-. 100 1st preferred.. 100 2d * preferred--100 Ne par value. 11% 87 6% 26 90c 5 * ' 5$ 28% 1.00 5% 7% 7% 55 8% elg 45 90 Lino.* * 50 * com 33 36 14 70 3% 17 17 2% 3 11 * pref * Muns'ngwear Inc..* Preferred 2.50 com 26 22 2 28% 26% Jh 8* Metrop Playhouse.* Mexican Eagle Oil.4 3% % Mexico Ohio oil...* Mexican Petrol 1 Mich Bumper 1 H % 1% 27 110" 1 2% Mich Steel Tube_2H 5% Canadian price. 15* 55 ~5" J % 60 27% * Bedford 101 5 11 Preferred 100 New Bedford Rayon Class A 25 New Bradford Oil..5 New Britain Mach. * 115 90 common England units 8 15* 7 * 10% * 9* 11% 4% 30 11 13 VI* 25 10c 25c Steel • N Y Auction N Y Air Brake N Y Investors See Invest, $5 N Y 99 V* non-cum 2% * 22 ,.* trust. N Y Dock 42 t* * 2% pf.100 7% 6% Merchandise. 10 N Y Shipbuilding.. 1 Founders shares. 1 7% Prof N Y Transit M 37 100 Niles-Bement-Pond * 5 4% lH 6% 7% preferred.. 100 National Bronze A Aluminum Fdy..* 154 xt Nat 111 13 * Fire-Proofing.5 Nat Food Products Class A ww.. 1 Class B 50c t New stock. A* 43 * * 6 5 6 38 4 30 10 26] 12\ 3! 6] 2 20 24 ...l 1 2 Com class B 4 13% 13% 38% * A.... Class B 18 18 42 5 1 * 8 20 ..* 6% %preferredl00 North Cent Texas.5 25 2 3% Oil—1 2% % North German Lloyd Amer shares 1% 2 North A Judd 25 Nor Paper Mills...* North N'west 9 N'west Engine Yeast Norwalk Tire A Rubber % 21 23 10 14 4 Pipe Line..50 6% 12% 107% 106% 3! 8) 6} 2 1 Class B pref 1 North Amer Rayon Com class A....* No European 8% ~* 6 ^preferred... 10 Common Class A pref Class % 16 Nat Dist Prod Nat Enam A 12% 3% .... 6% prior pref—5Q No Am Refractories 5 1 Dairy Prod * 7% pref class A100 7% pref class B100 Nat Dept Stores * 2I* 2V _ 10 Nat Container (Del)l Nat Cylinder Gas.. 1 1% 12 10 $6 preferred * North Amer Cement Preferred $7 Nat. Cash Reg.. 55 New Niquero SuglOO Newport Indus 1 New Process Co...* 40 8 * 10 63 11 45 pf__100 New Mexico A Arizona Land Myers (FE)& Bros.* Nachman Springf..* Nat Casket com & 100 4% 58 * com N J Worsted 12 Lime 23 National Candy...* 1II* Cord¬ ~25 .. 5 75% Newton 6 l l 2 36 16 Newberry (J J) Co— Noma Elec Corp 1 North Amer A via. 1 North Amer Car 20 Common Preferred Mar"7 70 4 4%% convpfd 100 Nelson (Herman) 6 Neptune Meter A..* 8% preferred. .100 Noblitt-Sparks Stpg % i* 18 Muskegon Motor Spec cl A ...* Mutual System 50 * 10 Nicholson File. * 1900 Class B ...1 * 100 Nat 100 115 *k 65 Muskogee Corp 13 6 4 100, Nebel (Oscar).. Preferred 32 12% * Preferred New Idea 10% 8% 100 Murphy (G C) * 5% pref 100 Murray Corp 10 Murray-Ohio Mfg.* Muskegon Piston 3] 21 7U 28 100 6%% pref—..100 Murphy VarnishlOO Nat Bellas-Hess % r * conv Nat Biscuit 8 26% Nominal. _ Corp. .5 Mueller Brass Co__ 1 Mullins Mfg Corp— Class B l Ring ..» New Hav CI com. 25 52 22 1 n 3 23 77 6 % preferred. .100 Nat Battery pref..* 21" 19 10 54 Partic pref'ence.15 Metal & Thermit. _* Preferred 100 k Last sale, 3% Feb 4 5 Oil k Finance Mount'n& Gulf Oil 1 Mountain Prod 10 Moxie Co class A * $7 7% % 7% Nazareth Cement-10 New Fibres new com..1 Nat Aviation 10 Nat Baking com 1 31* 5% Gas A 68 Nat Acme Co Nat Automotive 30% 4% Mich & Machinery. .100 Mtge Bk of Colombia Narragansett Rac'g 1 Nash-Kelvinator ..5 Mesabi Iron Mesta Machine 200 77^ 92 9 i38* 150 110 113 76 (Philip) Conv preferred. Products 23 3 2 7 % preferred. .100 A Co Ltd. 10 Morse Twist Drill ..... Co Cotton age 15 Corp common—.5 S* 22% 5% preferred-. 100 13 Amer shares 60 5%% pr pref..100 $2 10-yr pref 40 Common 25 Morris 77 14% Supply (Pa)-.10 New 22^ 19 6%% pref A100 Messenger Corp 5 15% 103% % _10 Morris Plan Indus 85 Metal Textile Corp New common.25c 14% 96%. 180 Preferred Bank 18 14 Supply— Nestle-Le Mur cl A * 30 100 Preferred Merritt, Chapman A 6 23% 59 83 22 Merrimac Mfg. .100 Preferred 100 34 21% Mot Wheel 114 Scott Moody's Invest Serv part pref * Corp com..* Moore Motor 7 Merrimac Hat 20% 18 % 7% 5% 5% 27 1% 6% preferred..100 35 25 7 89 19 100 Preferred Monumental Radio 1 w* 96 14 9 Mergenth'ler 123 9 85 27 70 3% Preferred * 100 55 Merck & Co com..] 19% 12% Loblaw Groc Ltd A* r Class B__ _* r 40 8% 19% Transportation—* Merchants Refrig..* 10%. Brothers— % Merchants & Miners 6 1 Lit 16% 20 9!M Mar2|g 94 60 Mar Nehi Corp com....* Neisner Bros 1 25% 121 Morris Plan com 25c 1 $2 Particpref 2% 9% 19 % 32 5 68% 114% 15 3% 91 6% prior pref.100 Navarro Oil 2 26 75 45 15% Naumkeag Steam 46 1st pf.50 Merchants & MfTs Sec Co class A.l 25 * conv * ...10 * Mercantile Stores._* Preferred 100 16% 6% preferred Liquid Carbonic Shoe com MengelCo Refg * Lipton (Thomas J)— Class A * $6 preferred serA* 25% 44% 12% Natomas 24} 50^ 1% 6 60 16 32 5 4? 47 >4 1% 4 50 25 * 3 * Preferred A Preferred B 26% $6 preferred 100 Nat Standard.... 10 Nat Steel Car Ltd.* 7 Morrell(John) A Co* 162 w McLellan Sts com.l 1 Le Tourneau (R G)1 , 5% 30% 11% 21% 14 5% pref * McKinney Mfg.—* 4#% pref....100 Inc 2% 25% * Nat Tea common. _* National Tool 1 Nat Transit 12.50 Nat Union Radio. .1 40% ... Class A McKeesport Tin Le Roi Co com...10 Lessings 2 10% 7% $3 * 111 10 7% McKesson-Robb'ns 5 3% 15% 1% 6% $4.50 pf ser A. 100 Montgomery Ward Common * McGraw Electric.. 1 McGraw-Hill Pub.* 10 19" 4 6 2 15 * Conv part pref..* Nat Shirt Sh Del—♦ Nat 2% 68 J>y* 63 com Portl Cem Common * Preferred 10 Monroe Chemical._* Monsanto Chem__10 1% 7 40 Plate 7% ~i% McOrory Stores 1 Conv 6% pref.100 Leland Electric * Leonard Oil Devel 25 Lerner Stores.. * ■ * r Preferred 100 r McCord Rad cl A. * Class B * Lehn A Fink Prod.5 l8* Motor Oil Co 20 Molybdenum Corp 1 Monarch Mach T'l * 100 Monroe Loan Soc A1 McColl-Frontenac * Mfg com..* 7% 78% 17% Preferred 7# 3% 3% * National 9% Mock Judson A Voe Common $2.50 20% McCahan Sugar Leh Coal A Nav * Leh Portl Cement_25 4% conv pref.100 Lehigh Valle* Coal * 6% cum conv pf 50 Lehigh & Wilkes* Barre Corp.....* Lehman Corp 1 * Maytag Co * 1st $6 pref * $3 cum pf ww ._* $3 cum pref x-war* k Warrants 20 1 Monolith 20% 3 Nat Steel Corp Nat Sugar Refg. 3 25c 28 20 Preferred SV' B* 2% 2* * Nat Screen Serv 6 50c 2 7 % preferred—100 11% Modine $7 preferred Nat Rub Mach 27 100 Moore (Tom) Dist.l Moore Drop For A_* 10% 160 . Lawbeck Corp— i 29 Math'son Alkali...* LaSalle Ext Univ..5 Lautaro Nitrate A.l 11 Monogram Pictures 1 100 5 7 % preferred- 100 May Dept Stores. 10 May Hosiery com.* 7% pref w W..100 Lanston Monotype Machine Co.. 100 6% preferred-.100 * 100 1 Preferred Electric 33 25 20 Martin Parry Corp * * 100 4% l 3i* 3% Lakey Fdy & Mach 1 Lake of the Woods Preferred 5 Marine Midland— 12 % 26 5 a 4 20c * Nat Service Cos B—* Preferred 21 2 5%% preferred. 10 Radiator » 100 J* 24 Pressure com Nat Print A Appli.l 19 16% 3% Nat 92 27 87 5% 1% 1% 14% 2% Milling 2% 20% 1% National Natl Pump com Class B 15 14% 100 5% 52% 14% 2% 45 Paper A Type— Common 4 Pipe Line A 6 Marathon Paper. .25 Preferred 100 50 Lago Petroleum 3 * Preferred 100 Maracaibo Oil Exp.l 9% 12 Mo Portl Cement_25 A Co common £1 6% 50% * Mission Oil 2 40 Nat Oil Products..4 Nat 2 Minneap-Moline Power Implem * $6.50 cum pref..* Mission Corp * 9 13% 5%% preferred..* .... Missouri Kansas % Manning Bowman Amer 71 3% 100 ser 15" Washer.20 80% 9% 70" 90 preferred.100 Steel Castings * Nat Mfrs &Stores._* Minneap-Honeywell 4% pref % 35* Nation'1 Malleable A 7% preferred..* 140_ 130 6% pref B 100 Leather. 10 16 % 6H Minn Min A Mfg__* % 1 Manh-Dearborn 70 11! 17! 156 National 6% 12! 51 83 10% 17% pf__20 5% preferred..100 Regulator /% _ non-cum Lead...10 7% pref A 100 Cooker Pref 6%% % Manhattan Shirt.25 Manischewitz * 4% Midwest Piping & 5H Inc..* Common 9% 65 . Conv Mangel Stores— Knight (B B & R) pf* Knitted Padding.. Knott Corp 1 75 Miller (I) Sons com * New common...1 Mandel Bros 15 8% 1st pref...100 $2 n-c div shares.* Mid vale Co .* 1 5 80 National Nat Lock Supply common.* 20 Majestic Radio A Television com-.l Mallory (P R) * Manati Sugar Option warrants. 3H Miller A Hart— 1 * - 25* 12% * Nat Licorice com 100 $2 conv Midland Steel Products com.* Scrip Nat Fuel Gas. Natl Gypsum com.l 1st. 7% cum pf_100 2d 2% % •A Corp— pref * Mid-West Abras_50c Midwest Oil 10 24% 10% 2 Oil Midland 43 27 * Preferred Kleinert Rubber. .10 Kobacker Stores Co Razor com King Seeley com__l Kingston Products. 1 Kinney (G R) Inc..1 $5 prior pref....* $8 preferred * Klrby Lumber.-100 Kirby Petrol 1 Klein (D E) Co... Cum pref 2% 40 Macy (R H) Co Inc * Mad Sq Garden ..* Magazine Repeater Watch Case 126 I* Mack Trucks Inc..* Keystone Steel A wire ■UB 22% 116% 6% preferred.. 100 Lamp A * Kerlyn OH cl A 5 Keyes Fibre com..* ig» 23* 5 Corp * * t c v Class B vtc 1 Steel 13% States Pet- Middle 100 % 4% ii* — Ask Bid Par Per share 3$ Michigan Sugar * Preferred......10 14 128 22c Ludlow Valve Preferred Stocks Ask Per share 6%% conv pf_100 Ludlow Mfg Assoc.* $6 part pref A » Kendall Refining >10 Class A Bid Par Stocks Loudon Packing...* Louisiana Oil Refg.* 50 Corp com * Kendall 18% Lorillard (P) 10 7% preferred-.100 2ty< 1 1 Conv class A Ask Per share Per STOCKS MISCELLANEOUS & Quotations for all securities are as near as possible for the closing day of the ._* 8% 42 100 * 1% 5 10 45 1% 7% preferred 50 Norwich Pharm.—5 12 21% 34 36 Novadel Agene Noxzema Chem 18% 4% 20 * 1 Nu-Enamel 1 Nunn-Bush Shoe 2% 2 6 2H 16 r r 22% 145 23 mm mm mm mm APRIL, 1938] INDUSTRIAL Quotations for all securities Stocks Bid Ask Ohio Brass B Ohio Forge & Machine Corp.„.* Ohio Leather......* Ohio Match ......i* Ohio Oil » Preferred 100 15 10 6 10 Pharis Tire & Rub.l Phelps-Dodge 25 Phila Dairy Prod-* $4 preferred * $6 preferred * 7*/ 108 120 80 7% preferred..100 Oilstocks Ltd * Okonite common 100 6% preferred 100 Oldetyme Distillers 1 Oliver Farm Equip.* Warrants Oneida Ltd coml2H Petrolite Corp Ltd.* Pfeiffer Brewing.. 10 100 Ohio Rubber Ohio Seamless Tube* Phila Insul Wire—* Phil & Read O & I.* 4H 4* Phillip-Jones Corp.* 7% preferred. .100 Phillips Packing—.* Phillips Petrol—.* Phoenix Hosiery.-.5 7% preferred-.100 Pick (Albert) com.l ~m 8 150 85 1H 90 1 20 h Per Par 16 12 21 2 J 16 25 27 28 20 22 Pkge Corp Ask 17 16 4% 4% 3 % 19* 17 2 6 31 17 % ,!* 33 21 Preferred Ontario Mfg com..* Oppenheim Collins. * Oshkosh B'Gosh * Conv preferred..* O'Sullivan Rubber. 1 Otis Elevator__.__* _ 8% 25 15 H 6% preferred. .100 Otis Steel * 124 0% 23H $5.50 conv 1st pf_* Outboard Marine & Manufacturing 15% 122 8% conv 3 40 46 5 Pittsburgh Brewing * 20c 65 33 ... 36" Ozark Corp * Pac Amer Fisheries 5 Pacific Can ._* % 6% 4H Pacific Coast Co. .10 1st preferred * 2d preferred * l»ac Eastern Corp.. 1 pacific Finance Corp See Invest trust-. 3 13* . 6% preferred-.100 United Corp ~3% See Invest 11 15 H 45 28% Pref unstamped-5 com 1 Potter Co Prairie Oil & Gas.25 30 86 5% 6 66 6 n 31 in * 41 Common 5% conv 1st pf..5 5% conv 2dpf—50 17 12% 1H 3 H 15 4% 2% 4% % 50 5% 2% Class B 2 * Penney (J O) Com * 54 Air- common * New Preferred Pullman Punta 2% 1% Pa-Dixie Cement— 2% 11 3% 1% 2H 12 H Switch class A__ 10 Penn Federal Corp.* 11 4 % % preferred.50 Penn Glass Sand— 23% 24 0% Radio-Keith-Orph * . * Penn Salt Mfg.-.50 Penn Sugar 20 20 Circle * 129 n 28* common 4 3 Rath 1 Class 20% 110% _ 62 18 24 6% 0% 7% Pile 7% 14 8 Without par value, * 84 7 H 4% 4% 80 90 125 138 10% 1% 2y% ioc" 12 1H 2 H 25c" 2h Royal Typewriter.* 7% preferred.. 100 * $2.50 conv pref..* Ryan Car com * k Last sale* 18^ 1H H 3 H 34 H r ~~%e 53 64% 29^ 33 OH 3H 24 sS0H 10* 2 H 15" Common * Slmms Petroleum. 10 14 Common * 1% 2% 1.25 14 1 16 (Franklin) & Co 7% pref... 100 Simplicity Pattern .1 Singer Mfg 100 Singer Mfg Ltd—£1 doux City Stock * com Sirian * 18 2n 212 30% 4 216 5% 1?* \l* Lamp com..* Preferred * "1% * 2% 19 94 6 55 60 40% 45 90 96 12^8 15 Smith & Corona Typewriter vtc—* Smokers Match * Smyth Mfg 25 Snider Packing * 8ocony Vacuum. .15 Solar Mfg Corp 1 Sonotone Corp 1 Conv preferred.. 1 on 12 ~8% 10% in 0% 20c Mfg common. 1 South Bend Lathe Works -.5 10 14 80 1?* 2% 10% 30c 3% 4 13% 2% 14 20 27 26% 29 20 25 8% preferred..100 2% % Development .10 Exp..100 - Southeast Southern 58 70 67 75 79 83 Class 131K 19 150 3 68 3% 73 Dairies— * A * Class B 12 18 South Shore Oil & 12 South'n Pipe Line 10 Sou Webbing Mills.. Southland Royal._* 3*west Pa P L 50 3% 10 ~5% 6 16 H 20 Portland Cement com. .100 23 100 93 S'western Regis Pap com. .5 Preferred 100 42 Jy° 2 H 1 'in ~2% 03 15 H 3 08 60 80 8% 17 H 5 iiM 0% 27 H in 18 % 69 73 25 H 8H • - - H n Ex-dividend Preferred Spalding (AG)&Br_* 7% 1st pref.-.100 Sparks-With'gt'n Co 8 100 5 South Penn Oil 35 Schulte Real Estatel (A O) Corp.10 W* 84 15 So Porto Rico Sug_* 6 San-Nap-Pak com.l ^mith 12 13^ 30 t 12 n South Coast Corp—1 Preferred 100 100 stock, 16 2I* 3i* 62% t New 13 Simmons Hdw & Pt 50% 10H 4H Canadian price, Pub preferred—* Simmons Co * So8s 12% 20 Preferred 8 Simmons-Boardman Warrants 100 58 * 7% preferred-.100 3 30 Nominal, 18H St L Nat Stk Y Sanborn Map .5 » 10 18 Savoy Oil 5 Schenley Distillers.5 5H% Pref 100 Schirr Co com * * 17 H St Lawrence Flour Mills cojm 100 10 1H 12 25 $6 preferred—100 n in 2% 4% 13 7 * 1 4 6 Rayonier Inc com. 1 $2 conv pref 25 Raytheon Mfg—50c . 3% 16% 50 Units 17 H 6 6% Simon 6 ~5~~ Savage Arms— * Savannah Sugar..-1 common. 1H 25 Sangamo Electric..* 2 11 120 23 Simon Brewery 1 Simonds Saw & Steel 2 \4% Mills H in 3H 100 Ryan Cons Petrol.* Ryerson & Haynes.l Safety Car H & L100 Safeway Stores * 5% preferred 100 6% preferred.. 100 7% preferred ..100 St Joseph Stk Yd 100 St Lawrence Corp.* Samson United im .... * * Common 4* * 37 Reda Pump. Red Bank Oil 1% 1H in 2% 90 * Rossia Int Corp 13 7% pref vot...100 3H Ross Gear & Tool 11 17% r $2.50 preferred.30 Salt Creek Prod..10 5 100 Preferred 2H 10 * Preferred Common 7 14 H 1 Preferred N 8lgnode Steel Strap'g Yards Corp.5 10 6% preferred Real Silk Hosiery 4% Sloss-Sheff S & O 100 27 . Sher-Wms Can 55 35 H 30 3 H 70 J* 25 20 64 17 % Hoist Skelly Oil. 15 6% cum pref. .100 Skenandoa Rayon.* 5% preferred.. 100 H 15 17 69 H & 12% &% Preferred ff 04 H Mar 26 ~m 6 St L Rocky Mt & Pacific Co. .100 He % % 01% Rights 5%% conv pf_100 Shepard Niles Crane i** * common Preferred Petrol Conversion. 1 Petrol Derivatives.* Petrol Heat & Pr._* 8% 73 12°* Warrants 11H Preferred 7 2i* 40 Shell Transp & Tr £2 Shell Union Oil ♦ 12* * 25 112% 58 B Packing 10 Raybestos-Manhat * Raymond Concrete 7 * Rustless Ir <fc Steel.1 22 H 5H 3% 42 Sivyer Steel Casting 100 Russeks 5th Ave .2 % Russell Mfg— —50 10% 20% * Roeser & Pendleton * St .100 preferred .100 Randall Corp pt A_* i* 35* 100 Ruberoid Co 112 * * % 1% Permutlt Co 1 Pet Milk * Pet Corp of Am—5 * — Class B com 2 6 Units Perfect 4 Ralston Steel Car 2 H _lc Peoples Drug Stores* 6% conv pref—10 Pepsi-Cola ..* Product A— 3 H 1% 1 123 n 26 2% Penn Vy Crude Oil— B 25 1% 4% $1.20 conv pfd.20 l y<2, 4 Sheaffer Pen 6% 2 53% 66 Rose 5 10&25c Store 37 112 22% Shattuck (Frank G) * Shawnee Pottery.. 1 Silex Co 7% 1st pref—100 40 H 3 H jj}* 39^ pref Sharp & Dohme * $3.50conv pref..* conv 2% 10 % 110 95 Rochester Button. _* of N Y ord shares. 33 * * 5%pf ser AAA 100 102 1 H 4% Sherw-Williams -.25 9 Preferred $5 * 4* 10 5 18 Root Petrol Co Rainbow Luminous Penn Traffic A..... 1 Railways Corp J* 34 H 4H Preferred 12 Robinson (Dwight P) Preferred n9o* ♦100 5 New com w i 108 2% 11% 13% Roosevelt Field m Chem.l 75 62 H Royal Dutch Co 72 % 80 7 Rademaker ion if* 18 3 Rome Cable 120" * _ Penna Class Class Alegre Sugar * it* lis 11 ..1 7% preferred.. 100 Rogers Majestic—* Rogers Peet 100 Rollins Hosiery 1 5 He 5% preferred 6% preferred.. 100 Purity Bakeries—* Pyrene Mfg 10 Quaker Oats * 6% preferred- 100 Quaker State Oil.. 10 10 12 1 c—* pref 20 Inc 8 Robertson 'HH).,» Robertson Pap Box .5 common Original pref. .100 Puget Sound Pulp & com..* 20 60 *2" 213 119 40 86* I" 14H OH * Prosperity Co B Pure Oil Co 1 Penn Coal & Coke 10 H 30% 1% 6H 11H 46 H 2 Servel Co 5% preferred.. 100 5 2* in 5H 11H * Rockwood & Co 11H 13% Mar 24 Selby Shoe * Sentry Safety Con.l Serrick Corp cl B..1 2 40 * 35 Producers Corp. _25c Prop per McOall'm.. Old common * Timber 2% 41% 56% 40 * Publication Corp..* 1st preferred..100 % Penick & Ford Corp com..* 8% preferred-.100 5% preferred-.100 1H 3% 4% 4% 14 H 100 r Proc & Gamble 101 31* OH * r Preferred Process 98 1 Price Bros & Co 13 16 Metals Am.* Pressed Steel Oar- 9 conv B 40 46* Sharon Steel Cp m . 45 pref 2 12 100 95c * Preferred I§" 37 Hall Preferred Seton Leather Rockbestos Prods— 18 20 Industries Units ...100 Penn-Mex Fuel 2 Penn Rivet Corp % 1H 1H 1H 34 conv 16 125* 7 $7 & iH 7% 1% % * Pressed 71 7 32 16 v t 1% Pratt & Lambert..* 4 * Common 5% A lVi 47% 10* 7 50 Rubber.* Shamrock O & G..1 Robbins & Myers. * Preferred 25 "5 % 14 H Prentice 90 & * Class Class 5 1 Preferred Seversky Aircraft.. 1 Ritter Dental Mfg. * 100 5% 13% "5 Riverside Cement— • 3 H 1 % Pender(D)Groc'yA * n7% conv pref A Penn Electric * Potrero Sugar >.5 Pref stamped.-.5 15 Weighing & Vending com 1 Penn-Central 100 Class B 4% 50 3 rilines Corp 7H 15 Pollack Mfg * Poor & Co class B—* Class A .-* 30 10 Peerless Cement.—* Preferred 6 * 100 Preferred 42 Porto-Ric-Am Tob— Class A * 40 x Riley Stoker 1 * 5 Preferred H 2SH 4% - Corp 6 4% 30 'to* * Richman Radiator. 1 100 Pocahontas Fuel.100 7 Panhandle P & R__* 8% conv pref. 100 Pan tepee Oil Co 1 Pantex Pressing Machine common* Preferred ..* Paraffine Co Inc. * Peerless Peerless G) Plough Inc Plymouth Oil 14% 50 Pan-Amer Southern! * (Thos 7% 1st pref 9% 5 6% preferred.. 100 Peck, Stow & WilclO 18 Plant 11% 7% preferred 8 trusts B common 10 Rice Stix Dry Gds_* 1st pref 100 2d pref 100 Richfield Oil of Calif Common 5% Pea body Coal B % & 16% 3% 10 H 5 Warrants urn Parmelee Trans—* Pathe Film Corp-_l 14 % Pleas't ValWine Col 5 1 30 11 * Pan Amer Match_25 Pan Am Petrol & Rig 20 1 50 common 26 H 7 13 25 7% cum pref. .100 5%% conv pf.100 Reybarn Co Inc 1 Reynolds Metals. _* 5%% conv pf.100 Reynolds Spring 1 Reynolds Tob 10 Pittston Co Pan-American For¬ eign Corp class A1 Class B 1 Reel 9 8 20% 15% * 40* __ w w Preferred 10 Revere Cop & Br..5 Class A 10 Plant Reduction * OH 10 H 4 Repub Port Cem_.* Republic Steel * 6% conv pref. 100 6% prior pf A. 100 Res pro Inc com * 4 Preferred 60 Pan Am Airways..5 Parkersburg 4 54 5 4 43% 5% 6% 55% 5% 23 23 90c warrants 6% 21 21 15M 2H OH H rights 3% Palrpont Corp..100 Parker Pen 10 Parker Rust Prf.2 % Park & Tilford Inc.! 20% 3% 38% 4% Pitts 10H * 6% 1st pref 100 6% 2d pref....10 Parke, Davis Co..* 40% 5H JU Pittsb Term Coal-.l Packard Motor 4% conv pref. 100 Paramount Motors * Paramount-Publix 10 Paramount Picturesl 1 Pittsburgh Steel—* 7% preferred.. 100 5%% prior pf.100 5 % preferred. 100 40 Transport * Pitts Screw & Bolt.* 4 3% Preferred Pacific West Oil. -10 Warrants Bros pref Pgh Metallurgical 10 Pittsg Pi Glass—25 Pacific Port Cement Common Palmer J% 3% 24% conv B Si 6* * * Seeman Bros 96 2 Reo Motor Car 3 Pitts Forgings !8 3 1H H 19 $5 100 conv Preferred Renner Co 4 Seaboard Fin Corp. 1 $2 cum pref w w. * Seiberling 8 Rem'tn Rand com.l Bond 5 * ware com.. pref.25 Remington Arms..* 30c 10 22 —* Pitts Coke & Iron..* •H 11% 3% 4% pref. 50 Segal Lock & Hard¬ 10 (Illinois) 25 19 Warrants Seagrave Corp Sears, Roebuck H _ 8H Preferred (Pa)..100 6 % preferred- .100 Pitts Coal 6 1 20 * $2 conv pref....» Seaboard Oil (Del).* 5% Common $1,50 21" Preferred 42 % 4 % 4H Oil.% Reliance Steel 14 H Am shs 500 lire— Pitney-Bowes Post.* 41 3% 4" Winterfront.l Pirelli Co of Italy 3 25 V* 3 25 Scranton Lace Scullin Steel 4* 3% 3l* Common Steel common 1 2H 10% Pines 114 100 . 9 Outlet Co com....* 7% preferred..100 Overman Cushion Tire 6% pref * Owens-Ill Glass. 12 ^ Oxford Paper com.* $6 preferred A...* $5 preference. * 2H _ Scott Paper Scovill Mfg ' Reiter-Foster Ask Per share 8% preferred.. 100 Schwitzer-Cumm 2m 20^ 4% 6 % preferred- 100 Reliance Elec & En 21 11% 19 * * 100 6 H% pref Regent Knitting % Pillsb Ft Mills com.* 10 Reed Roller Bit Reeves (Daniel) Bid Schulte Retail Sts.l Reliance Mfg Co Pilgrim Explorat—1 5 Units Reliable Stores Motor Pierce Petroleum..* 0% 35 3 Reliance Bronze & 8 pref. 100 ~2 * _ 7% 1st pref...100 36 2% Pierce Butler Rad.5 Pierce Governor—_* Pierce Oil Corp...25 30 H in JH 26 com Reis (Robt) & Co..* 27% Oar Corp com.-.5 Preferred 5 4 18 Reed Prentice 3 2H 5 Pierce Arrow 15 9H 3% Reece Button HolelO Reece Fold Mach.10 Preferred 59 Stocks Par Mills Ltd 48 5 Preferred Ask Issue Per share Par 4* 28% 3 H Bid Stocks share Pictorial Paper Onondaga Pottery.* 89 STOCKS possible for the closing day of the month preceding the date of Bid Stocks Per share 23 H MISCELLANEOUS & are as near as 9 100 n 1% Common 2% 35 —* Spear & Co * $5.50 preferred * Spencer Kellogg—* Spencer Shoe——-* Sperry Corp v t c..l Spicer Mfg Co * $3 conv pref A * Spiegel Inc com...2 $4.50 conv pref..* Square DCo 1 Squibb (E R) & Son* $6 preferred—..* 3H (39^ 2H 5 75 19 H 2 H 21% 3 15 H 16 H 7% 26% 20 5?* 12 8% 6n 54% 12% 24 26 99 102 INDUSTRIAL 90 Stocks 1% 100 1% 25 20 Staley Mfg Go 10 7 % preferred- -100 $5 preferred—--* Standard Brands..* $4.50 cum pref..* 9% 10% 82 84 71 74 6% 6% 97w * Standard Brew Oonv preferred .10 Standard Coated 13*)t 22 10c 1 3 Common $1.60 1% 1% 3% 2% 1% 7% 25% 2% 8% 25% pref_20 (Oal) » Stand Oil (Ind)_._25 Stand Oil (Kan)..10 24% 15% 5% 40% 40% (Ky)—10 Stand Oil (Neb)..25 Stand Oil of N J..25 Stand Oil (Ohio)..25 Am deprcts ord £1 k Am dep rets def._ 26 3% 5% 2 2% Picture Transwestern Oil .10 Trenton Vail DistTrico Products * IX 8% 5% Mar 28 4% 3% 2% 3% 2 51 1 Tubize 2 18 6% 1 % 6% 19 5% 4% 5% 5 Corp 65 Union Oil of Calif_25 Union Premier Food 4% Stores 85 3% 9 4% 10 3% 17 5 8 Sun * 45 121% Sunray Drug 1 Sunray Oil 1 '5%% conv pf._50 Superheater Co * 8 2% 25% 17% 1% 1 * * 29% 31 18% 30% 8 8% 5 1% % 5 Sutherland Paper. 10 18 9% vin 20 Swan Finch Oil_._15 Sweets Co of Am_50 4% 7 7 2% 6% nreferred. 100 United Oigar-Whelen Stores com 10c $5 preferred * _ Un Drill & ToolClass A__ 1 25 1 __1 Taggart Corp 1 $2.50 pref * Talcott (James)...9 L 5% %"preferred_50 Tampar Inc .1 Tastyeast Inc cl A_1 Taylor-Colquitt Co 5 Taylor & Fenn_„100 Taylor (K) Dist 1 Taylor-Wharton Iron & Steel com.* Technicolor Inc * Telaut'g'ph Corp..5 Tennessee Corp 6 Tennessee Prod * Warrants Term & Trans com. 1 * 15 - 22 11% Class 3% 15% 22% 24 4% 35% 2% % 25 ** - % "I 6% 14% 4% 4% 8 1 % 15% 4% 4% 1% 1% 1 2 17 21 2% 26% 7 conv 100 Unit Piece Dye com* Preferred 100 United Class A 1 Un Shoe Mach...25 6% Preferred 25 United Specialties .1 U S Bobbin&Shuttle ~7~~ 3% 3% U S Finishing 7% 15 18 U 8 FoilB 60 U 8 1 pref--_10 7% 15 2% 100 100 Freight U S Glass U S Gypsum 1 * 25 __20 7 % preferred ..100 U S Hoff MachLn'y5 5%% conv pf._50 * West Indies Sugar. 1 If* Westins Air Brke.* West'he El & Mf_50 5% 45% 132 S3 4* ji 82 1% 11 10 100 12 6 100 Westvaco Chlorine. * ..... conv !« X 14 73 4* * 7% first pref-.100 Pipe common..25 Whittall (M J)— 5% preferred 10 Wickwire Spencer 16 66 ctfs 25 Steel common.. 10 5% 33 39 15 40 12% 2% 29 2c 40% 14% 35* 5c 7% 10% 7% 1st pref 100 Van Sweringen com 1 Veeder Root inc ..* Venezuela Mex OHIO Venezuela Holding.l Venezuelan Petrol .1 Vertientes-Camag'y Sugar common. .5 Vicana Sugar v t c_3 Va-Car Chemical-.* 6% part pref..100 Va Iron C & O 14% 16 5 % preferred. Vick Chemical 1% 100 34" 2% 55c 1% % 2% 16% 5 "6" 30 4% 35% 3% 1% % 1% 3*' 17% 2% oV* 33 * 37% 2 Preferred Victor Brewing 1 50c 55c" Victor Chemical 5 11% 5% 3% it* 51* 18* 60 71% 8 12 1% 5% 50% 40% 2% % 3% 1% 4i8 1% 3% 115 120 "2% 4 4% 5% 6 1% 1 54 57 164 4% 30 Preferred 50 WJR The Goodwill Station 5 19% 2% 3% Wood (Alan) Steel 7% preferred-.100 Woodley Indust 2 k Last sale, n Nominal, r Canadia,.. price, * Wagner Baking. 1 Wanl Co * 118% 1% i* 125 2% 8% 1% Newspaper Machinery pref 1 __ Am dep rects ord. Worcester Salt..100 Preferred 15* 73 & Mach......* 7% pref A 100 6% pref B 100 4%% conv prior 6% 15% 78% preferred ...100 4%% Waltham Watch cl B 7% prior pref. 100 7 85 10 90 6% preferred.. 100 Walworth Co 45 series preferred 31 50 6 % preferred. * . . jlu 4% 7%' 18 5 7% Ward Baking Corp— Com class A Com class B... * Warner Bros. Pict..5 $3.85 conv pf » Warner Co com...* Preferred 7 * Warner-Quinlan Co* Warren Bros * $1 1st preferred.* $3 conv pref * Warren Fdy & Pipe * Warren (Northam) $3 conv pref * Warren (S D) Co..* Waukesha Motor..5 21% 3% 24% 3% 8 8 23* 25* 100 22% 10% 25 55% 65* 10c 22 JX 7% preferred.. 100 York Ice Mach 71% * 6 100 45 Young (J 8) Co. 100 80 7 % Preferred 10 1% "6% . Preferred . 100 Youd^LA) Springy 123 9 Youngstown Steel" " Door 17 Car 45 common * 11 Steel common 5 2% Youngstown Sheet & Tube 12% „ Ex-dividend. 25 1% Youngstown 42 25 28% Coach Mfgcl B..1 4% 3% it* 11% 42% Yates-Amer Mach .5 Yellow Truck & % "1% 15 47 98 prior Wright Aeronaut'l.* Wrigley (Wm) Jr..* Wrought Iron.. * Wurlitzer (R) comlO Preferred 100 Wyoga Gas & Oil. % Yale & Towne 2 7% preferred..100 100 3 10% 36% Worthington Pump J* 30% 16% x 2% Wood 7 * _ 5% 1% Waitt&Bond Inc A * t New stock, 35" Petrol...l * 5%% pref..100 Radio * Zonite Products.... 1 No par value, 1% 3% Wolverine Portland Cement com...10 Wolverine Tube 2 Zenith * 7* 120 Wither bee Sherman Woodall 23 Hosiery 100 C'mpton 1 Winters & Woolworth Ltd— 7% preferred. .100 52 162% 4% 19% Winsted * 39 Waco Aircraft 50% 48 "1% 6% Wilson- Jones. 37 "% 1 32 45" 37 4%% pref w w 100 WalkerjH) Good'm & Worts com. _* 2% 2* 3* * 33 Iff 1% * * Waldorf System...* Walgreen Co com. * 50 * DetinninglOO * Vulcan Corp com..* Class B 5 1% 2% 1 Prior pref units. Woodward Iron.. 10 Woolw'th (F W)_10 VogtMfg Vulcan 4% 100 13 J* 64 40c Willson Products.. 1 Wilsonlte Corp 1 5% i* * Preferred Viking * si* (R C)_—* $6 preferred Wilson Line 1% 2 Pump.. Oil-O-Mat 15 6 5 5 15 96 100 _ Gas Wil-Low Cafet 52* if* 9 Wilson & Co 9 6 IX 9 60 fg ip 70 42 Willcox & Gibbs..50 Wilcox (H F) Oil 55* Corp 18 75 6 * common ft* * Prior Van Camp Milk * $4 preferred Van Dorn Iron Wk3* Van Nor Mach Tool5 Van Raalte Co 5 Steel 1 14 preferred..* Wieboldt Stores 1% 3?* Whitlock CoU 25 * 100 prior pf.* $4 conv pref * White (88) Dental 20 White Rk Min Spgs- 14 16% pref. 100 Valley Mould & Iron Pulp Pap._* Preferred Stk trust * conv * White Motor 1 White Sew Mach .* 54 7% preferred..100 Va Preferred Vadsco Sales Corp— 7% W 1 6% % A W Va Coal & Coke.* $5 11 102 6% 55 29 1% 16% 62% 4% 138 3% 27% 10 % 1?% Foundry ..1 Weston El Instru..* 5% conv pref..30 Weyenberg Shoe I Wheel Steel Corp .* Universal Winding Preferred 100 Sugar.6 59 106% Westland Oil * West Michigan Steel Class 9 8% 1st pref—100 Stationery 7% 1st part pf_50 *8 71 Western Tablet & Conv pref ...» Willys-Overland... 1 6% conv pref. .10 * moferred.100 54% 2% * 100 11% 55 Preferred "6% 1 Corp 8 % preferred- _ 100 Universal Pictures .1 Preferred 3% 65 a* 3*' 75* 9 25 Western Newspaper Union common. _* 11% 45 Envelope Steel Univ Leaf Tob 1 * Preferred 100 U 8 Distributing.. U S Land 3% Western Dairies Williams 5 conv pref. 100 1 3% 1% 1% 2% Wm 3 7% 58 39% 96% iS* 105 13% X 14% 70 50 _ 55 60 10 Common $3 preferred * Western Grocer. .20 Western Groc Ltd.* 39% Universal-Cyclops Preferred Sharing new__25c 10% preferred 10 Un Shipyards B 1 45 * $ 1 Supply— 33 Profit Common 6% prior pref. 100 Universal Corp vtc.l Universal Cons OHIO Preferred dep rcts._£l Preferred IX 44% pref conv 60 United Molasses Ltd - I* $4 West Air Exp West Auto 28 Unit Paperboard. 10 27 90 * 5* 2% 22% 68* 8% preferred. .100 Vanadium Alloy 50 Amer Preferred... * Wesson Oil & Snow¬ drift com.....5 Valvoline Oil comlOO * 5 1% 2% Mfg.1% 57 5 2% % 18% 20% 18% 20% United 41 Wellington Oil 1 Wells Fargo & Co_.l 10% 5 Mfrs_* United Milk Prod * $2 preferred * Welch G'pe Juice2 % Preferred 100 10 1% 4 1 10 55 4 26 $0 conv pref.. 1 United Stove United Wall Paper_2 Brower com 23 5 3% 8% Common 60 Un Merch & 22 5%% prior pref.* Valspar com 1 $4 conv pref 5 5 Fruit J* Wentworth 1 Conv preferred-.* United Stores A * 6% 17% Dyewood.10 7% preferred. .100 United Drug United 16% 39% Common Per Wayne Knit Mllls.5 Wayne Pump 1 Webster Eisenlohr.* $7 preferred 100 Weisbaum Bros 17 X 2% Trust old stk__100 $3 5 3 80 Thermoid Co 41% IX 7% 58% 21 33% 2% 26% 7% pref..* * 8 29% Common 5 70 conv 1 Electric Coal Cos com Un Eng & Fdy 33 $3.60 40^ United 5% Terry St'm Turbine* Ctfs sub shares.. 1 Texon Oil & Land-.2 Thatcher Mfg * * Warrants 13 4% 3% 2% Texas Corporation 25 Texas Gulf Prod * Texas Gulf Sulph..* Tex Pac Coal & Oil 10 Pacific B 21 22 7% non-cum pf.25 United Stockyards- Utica Knit Co conv Chemical * $3 part pref * United Cigar StoresCommon 1 8 Sweets' Steel Co Swift & Co pref. 100 United Carbon * United-Carr Fast. * Preferred Utah Radio Prod-.* 14% 100 .* * 1st preferred U S Sugar Corp IX 5 Biscuit * U 8 Stores com 2 4% United 2 6 Superior Steel 100 Susquehanna Silk 7% .100 7 % preferred—100 Utah-Idaho Preferred Lines Preferred United 7% preferred—50 U 8 Steel Corp. Vanadium Unit Amer Bosch._* * 6% 20 X Un Artist Theatre.* 123% 8% 2% n-culstpf.100 S* 5 Transport 8% 46 8% U 8 Sm Ref & MIn50 6% IX 5 Air 6% preferred—50 U S Realty & Imp.* U 8 Rubber * W* 26 United Aircraft Un Aircraft & United * 50 1 Preferred Universal Prod Union Twist Drill Transport warr'ts 8 Sundstrand Mach Tool common 1 com 23 82 5% 20 18 19 7 25 Un St Yds Omaha 100 Union Tank Oar * 8 3% Mfg.. 6 2 Bag & Paper common * Union 7% Studebaker Corp 1 Submarine Signal_25 Sullivan Macn'y * Texas * * Underw Ell Fisher.* Unexcelled Mfg__10 Union 5 3% ..* Preferred * com Series A pref. Series B pref 95 75 Struthers Wells Titusville com * 1.25 preferred..* x w $1.50 preferred..* Twin Coach com__l 62 „ Internatl._15 i?* 80c div conv pref * 20th Cent Fox Film Common 92 Stromberg Carlson.* 6% preferred.. 100 w w 1 Union Carb & Carb * 6% preferred.. 100 7% preferred.. 100 Common Common A Ulen & Co 21 6% 1 % 5% 10 Strawb'ge & Clothier Swift Chatillon--l 74 *' 6% 10 7% preferred-.100 Tung-Sol Lamp 1 27 5 17 Sylvania Industrial * Symington Gould— 2% 4 Steel 70* U 8 Print & Litho— Vot tr ctfs 5 49% Furn Mills class A Class B 4% 30"" 29 7 24 Class m 5 3 * B * Trunz Pork Stores.* 1 Cement class A 2% Williams Truscon ♦ Superior Oil Superior Portland 2% 14% 5% U 8 Tobacco new..* 4% Forging Class pref. .100 8% "2% 7 (Hugo)CorpS cum 8 _ 31 4 1 Stokely Bros.... 1 Oonv pref 25 Stone & Webster.-* 6% 20 6 15% Truax-Traer Coal. 12 W* 20 35 Triplex Safe Glass.* Trojan Oil & Gas 1 53 pref-20 U 8 Rubb Reel ~2~~ 20 com it* 3 25 15 23 46 20 * 50 Preferred ..25 Stewart-Warner 5 Oil _ Screen._1 Transue & Steel 2% 8% 100 Stroock & Co 15% Feb Lux Daylight Trans 8 51 Sterling Brewing 1 Sterling, Inc 1 Sterling Products. 10 Storkline 2 West Air Line 3% Sterling Aluminum Stinnes 100 Transamerica Corp 2 Transcontinental & 28 130 57 common Securities-.* Trane Co 4 2% 55% Stern Bros 67% 2% 11% Preferred $1.50 conv Common 32% * * Shipyards Towne Common v t c..l Steel Co of Can...* Preferred 25 Stein (A) & Co com * Preferred A Stetson (JB) 109 52% 2% * 1 1 Bid Stocks Par U 8 Postal Meter..1 8% •»*».*, 5 18 com 8 Card.10 Plywood Corp Common 31 Toledo 97 34% pref U S 7% 4* 17 % 3% 16 Products 10% Tobacco Secur Ltd— Todd pref * Fdy. .20 U S Pipe & U S Playing 80 W* 78 — U 8 Lines U S Radiator * * Shipbuild Torrington Co 32% com 92 90 Tokhelm Oil 7 Stanley Works 25 Starrett (L S) Co * Starrett Corp— 1st preferred 5% 2d Roll Bear.* 16% ... 6%% pref 8% 7% 104 95 5% preferred.. 100 Standard Plastics. .1 Standard Products. 1 Standard Screw..20 „ 40 102 Stocks, Inc Tob Prod Expts 34 15 Sterchi Bros cum pr pf.100 Part conv& cl A.* 7 3% 8% * 7% preferred.. 100 24% 28 Stand Oil Preferred A 100 Stand Silica com 1 Stand Steel Spring. 5 Stand Tube cl B__ 3 5} Timken-Det Axle. 10 Timken U 8 Leather com..* 33 com 13% U 8 Ind Alochol—* 3 Ask Per share 2 com.-l Tilo Roofing Par 9 r 31 7 * Water Oil Bid Stocks Ask Tobacco & Allied 1 conv Stand Oil 4%%(conv pref.* Tide Time Inc Preferred 5 Stand Com Tob coml Standard Dredging corn. Thompson-Starrett * $3% preferred * Thompson (J R)..25 Thompson Prod * $5 conv prior pf_* of the month preceding the date of issue Per share 5 Thew Shovel Tide W Assn Oil.. 10 100 % 12% 19% Stand Gap & Seal.-l Products Par Per share- Stahl-Meyer corn..* Preferred Bid Stocks Ask Bid Par STOCKS MISCELLANEOUS & Quotations for all securities are as near as possible for the closing day 50 9% 3 8 Quotations for all securities possible for the closing day of the month preceding the date of issue are as near as Thi custom in reporting prices for State and municipal securities is to quote them on the basis of the return the bonds yield per annum. Therefore furnishing the prices below, it will be found that for the single maturity bond a bid and asked quotation is published—either actual figures or on a percentage basis. In furnishing prices for the serial bonds, however, we endeavor to obtain the yield basis for the varying maturities. For instance, a certain bond matures from 1937 to 1951 and is quoted 0.50 to 3%—would indicate that the 1937 maturity yields 0.50% and the bond due in 1951 yields3%. v;i ■' »■ 1 ; 7; •■. '< '. Therefore, in the following list, it must be remembered the word to indicates that the figures shown are the yield basis; all other figures are bid and in . j aaked orices. Yield Basis Yield Basis To or Bonds Bid UNITED STATES—See Treasury Bonds— 4Ms Oct 15 1947-1952. A&O 4s Dec 15 1944-1954.—J&D 3 Ms Mar 15 1946-1956 M&S 3 %b June 15 1940-1943 J&D Ask also pa ge 116.26 112 110.16 112.8 110.24 105.31 106.2 107.4 107.8 108.10 3Ms Aug 1 1941 F&A 107.13 3Ms Oct 15 1943-1945-A&O 107.26 3 Ms Apr 15 1944-1946-A&O 107.19 3 Ms June 15 1946-1949 J&D 106.9 3 Ms Dec 15 1949-1952 J&D 105.24 3s June 15 1946-1948--J&D 105.15 3s Sept 15 1951-1955.-M&S 104.5 2 Ms Mar 15 1955-1960 M&S 2 Ms Sept 15 1945-1947 M&S 2 Ms Mar 15 1948-1951 M&S 107.20 107.29 107.21 106.11 106.1 105.18 104.14 102.2 102.4 104.6 104.8 102.5 102.9 101.5 101.7 100.24 100.26 103.11 103.13 101.6 101.9 2 Ms June 15 1951-1954 J&D 2 Ms Sept 15 1956-1959 M&S 2 Ms Dec 15 1945 J&D 2 Ms Sept 15 1948 M&S 2Ms Dec 15 1949-1953 J&D 3s Panama Canal 1961-_Q-M 3s Conversions 1946... Q-J 3s Conversions 1947 Q-J U 108.12 99.26 116 108 99.27 118 U0H 100 96 A&O Hunstville 5s funding Mar 1'42 Pub Imp ref 5s 1938-1962— Jefferson County— 98 Dec 15 1938 1939 1939 1939 1940 1940 1940 1941 101.25 101.6 101.15 6s Road 1951 J&J Morgan Co. 5s 1938 J&J ) 102.15 97 102.4 101.29 101.15 101.17 _ 2s Dec 1940 2s Apr 1 1943 1.00 to 3.35 4Mb Wh & Har '39-'52_J&J 4Mb Water 1939-1964 1 0.90 to 1.00 to 3 Ms g July 1, 1939-44 -J&J San Francisco (City & County) 5s Water 1939-1969 J&J 1.00 to 0.40 2.95 to 107 to 3.50 3.50 106 110 o 106 100 27 28 School No. 1 5s 1945_.-J&J b 3 .75 b 4.25 3 50 4Mb 1939-1956-.— J&J 6 3.75 4Mb Court Hse '38-'48.J&D 6 3.75 6s Jan 1 1946 J&J 6 3 75 5s Jan 1 1954 opt 1934--J&J 6 3.75 5s W W 1939-1950 J&J 6 3.75 3.50 Phoenix Un H S D 4Mb 1948 6 3.75 108 Prescott 5s 1948J&J Tucson 5s Water 1950--/—J&J 6 3.50 CANADA—See 3.50 less 1 ARKANSAS 4M-4s 4M-4s 86 M 102.24 87 M 85 M 3s 1949 —i 94 93 M Jan. 94 M 90 M 90 84 M 77 M 1 101 84 3s Attorney Gen opt 1944 85 3s Rose, Hemingway opt 1944 Hot Springs 4Mb '38-'50_M&S 6 4.50 101 Little Rock— 99 86 4-00 % 98 M 4s Water Rev 1939-76 .F&A Little Rock S D 4s *39-'55 M&S 6 99 101 101 100 Me 4Ms 1958 opt 1938-M&N 102 M 100 h 102 h St Francis Levee Dist— 4s 1944--. 4Mb Fund 1941-50.—M&N 4s 1958-1960 3Ms Sept 15 1940-53.M&S 2.00 2.00 1945 4MsNov 15 '38-'56_M&N 15 4 Ms Oct 1956 opt '46 A&O 4Ms Nov 15 1938-58.-M&N 1.50 1.50 0.50 to 2.50 in 2.10s July 20 1941-1945 1.90 to 2.25 1.50 to 2.20 1.70% refdg 1940-44.M&S 6 1.75% refdg 1940-44.M&S b 1.50 Philip Isls 4Ms 1952 J&J 102 M 4 Ms 1950 102 M 4Ms 1957 M&N 102 M 4Mb Oct 1959-----. 102 M 5s April 1955 100 M - — 6s Feb 1952 to 2.20 103 M 103 M 104 103 M 102 106 107 M 109 . 5Ms Aug 1941 Puerto Rico— 110M 4Ms July 1952 J&J 110M 4Ms funding 1963—-_J&J b 3.65 5s July 1948 opt '43 J&J 109 5s Jan 1 1950 opt '44--J&J b 3.25 gold 1953 5s July 1954 opt 117M to 2.90 J&J b 1943-- 2Ms 1939-1946 J&J b 4Ms highways 1952 .-M&S 4Ms 1956 and 1959. M&S 4s renewal July 1, 1956 4Mb 1942, 1946. 1949--M&S 4s pub highway 1949-51 .M&S 4s refunding 1941-54 J&J 3 Ms refunding 1955-65—J&J State Bridge Corp 4s 1938-51 Bridge Auth. 4s, July 1, ' Annistonrefg 5M8 Dec 1 1939 - - 2.40 2.50 2.40 2.00 to 2.25 to to to 128 120 to 123 to Bloomfield 4 Ms 102 Branford (T) 4 Ms 0.40 to Bridgeport 4Mb 1938-65—J&J 4Mb High Sch 1939-63-J&J 0.40 to 6 0.60 CONNECTICUT to 3.00 6 0.40 6 0.65 to 2.40 to 2.30 6 0.40 131 128 to 2.60 J&.I2 1.25 to 2.00 J&J2 2.00 to 2.30 3Mb Jan 1 1940-1949—J-J&J 1.00 to ♦4s . 1938-'52_ A&O '38-'50 J&D 1939-1968-------F&A 3 Ms improvt 1938-41--J&J *5s Construc'n 1938 49 J&D to 3.05 6 0.65 Bristol 4Mb Water 1939.-J&J *5s July 1, 1938-55——J&J 0.75 to 2.75 2.70 2.80 2.75 0.75 0.50 to 2.90 to 1.75 0.50 to 2.60 0.40 0.50 to 1939-45.-J&J 0.90 to 1946 taxable. J&J ♦4Mb 1938-65 J&D 3 Mb Fund 1941 tax'le_A&0 2.50 2.40 0.50 1.95 to 3.00 0.50 to 2.90 ♦Cheshire 4Mb Dan bury 4s 2.35 2.60 2.25 1.85 East Hartford F&A 6 0.40 1939-1954-F&A 6 0.40 2Mb Feb 1 1939-54-—F&A 6 0.40 Alameda 4s 1938 to 1941-J&D 6 0.40 4Ms Mun Imp '39-'48-A&O 6 0.60 (Town)—„ 4Mb Sch 193849 M&N 4Ms Sch 1950-59 M&N to 2.55 to 2.60 to 2.55 to 2.75 to 3.00 6 0.50 to 2.90 0.30 to 2.10 0.90 to 3.00 East Hartford Fire District—- to 1.25 ♦5 Ms 2.40 Fairfield 101M 1938-1951 (County)— M&N T _ to 2.60 Greenwich— 3.50 J&J 6 0.40 to 2.80 MOM 3.00 — 5s School 1939-1955 East Bay Mun Util Dist— 5s 1939-1974 J&J 6 0.40 98 East Contra Costa IrrigDist6s Golden Gate Bridge & H'way3 Ms series C 1942-1971 -J&J 6 1.60 *4 Ms 1939-1942 __M&S 4Mb March 1. 1939-1951--. 4Mb June 1 38-60 to 3.20 Groton S D 3.40 3.25 2.70 3.15 3.00 2.25 to 3.15 3.00 3.15 102 94 92 Refunding 6s 1983 Refunding 5s 1983 Los Angeles (City)— 4s J&J WatWks 1956-76 M&N 6 3.00 Water wks 1952-75... 6 3.00 Water 1938-41.-A&O Water 1938-70..-A&O Sch 1939 -1944-—J&D 1939-1968 .J&J 4Mb 1939-1969 M&S 5s Municipal 1938-61 ..F&A 5 Ms Harb Imp *38-'61 M&N to 2.20 to 0.90 to 1.00 2.50 M&S 0.90 to 2.75 to 2.90% 1939-1960 to County— Metropolitan District 3.30 to 3.10 Hartford to 3.25 6 1.00 *4 Ms L„v to 2.60 to 3.40 0.40 - 6 1.00 to 3.40 ♦4Mb Northeast 1959-J&D 4Mb 2d North 1944 J&J *3 Ms South Sept 1955.M&S ♦4Mb Wash't'n '41-'47_J&J Killingly (Town)4 Ms'38-56J&J 6 1.25 to 3.25 to 3.40 to 2.25 3.00 2.80 Manchester— 6 0 75 6 1.00 80 82 3Ms Wat Rev '39-'48-.J&J 80 82 3 Ms Sch DiSfc 1939-61.-J&J 6 0.90 Electric Plant Revenue— Ref 4s 1939 to 1975.J&D 6 1.25 to 3.40 ♦4Mb 2.65 2.20 2.50 2.00 to 2.25 0.50 to 2.80 to 2.10 M&N 0.50 to 2.75 J&J 0.90 to 2.10 M&N 6 0.25 to Manchester 9th School Dist— 4Mb 1938-1951 Meriden (City)— 3.20, to!3.75 2.25 3s 194-3-49 6 Basis., 2.35 6 0.50 M&N to 3.00 38 _A&0 6 2.50 1938-1944 to 4Mb 1939-1943 Middlesex County— 3 Ms 1939-77--.. ..-J&D 6 1.25 to 3.70 3 Ms ser A 1939-77. -J&J 6 1.15 to 98 M QQ 3 Ms ser B Jan 15 '77 J&J 97 M 3 Ms 1948-58 J&D 6 2.80 to 3.30 2s 1938-42 A&O 6 0.65 to 2.25 Tax-free In Connecticut... I Bid prices for long and short maturities. 1.75 0.35 Hartford to 1.75 Bessemer 6s pub impt '38.J&J 5s funding Dec 1 1947. 3.80 194045----J&D 1938-39. Sch '39-'55-—J&J 6 0.50 % ♦4Mb 6 1.00 103 ^o 2.75 to 2.90 *4s Water June 1, ♦4s Water 6 0.65 6 0.65 103 M 2.25 to 3.75 J2.50 to 3.50 2.00 to 3.25 3.25 to 3.75 1.75 0.30 Hartford— to 3.30 56 M 54 M 6 1.50 1940-1962 2Mb 3Ms 3 Mb 4Mb 4Mb 4MB 0.30 0.50 ♦4s High 101 to 2.30 6 2.50 123 112M 2.90 2,75 6 2.00 117 1Mb 1938 to 1950---—J&D Glastonbury *4Ms '39-58-J&J 3.15 3.50 1.00 to 3.80 3.05 3.15 3.05 3.20 3d to 2.40 110 100 Imperial Irrigation District— 2.00 2.20 to 2.00 6 2.30 101 102 4Mb 1938-1960 A&O 5s sewers Sept 20 '41-.M&S Florence refunding 1% to 4%. to 6 1.50 103 5s schools 1938 1947—J&J Birmingham— 3 Mb impt ref 1939-50--J&J 3 Ms Imp ref 1942-1958 A&O 4s 1938-1941 A&O 4s 1942-1961 A&O to 6 0.60 116 to 2.75 3.30 3.50 112 M 111 M 0.75 to 2.75 100 6 0.60 J&J 1964-1973- 5s 1974-1983 CALIFORNIA 4Mb Univ Bldg Jan5'39-65J&J Highway 1938-48-J&J30 4Mb 1939-1947 F&A 4Mb Olympiad 1938-71—J&J2 4 Ms 1939-1952 .F&A 4s Harb Imp 1985 opt '50.J&J 2Mb Feb 1 1.80 2.60 2.40 J&J J&J J&J 1944-1963 1947-1956 5 Ms 5 Ms Alta Irrig Dist 5s Bakersfield 5s 1938-52--A&O 6 0.40 Berkeley 5s 1942-1951 J&J 6 1.50 ALABAMA 3 Mb renewal class C 1956. J&J 4 Ms harbor impt June 1*38-'73 - 4 Ms Veterans Welfare— 3s Feb 1939-1952 1955-A&0 1.50 101 97 - 5s Jan 2 1941-1943 4s Jan 2 1944-1948 to 2.60 100 108 — 5 Ms 1955-1965. 5s 1959 opt 1939 6 0.60 5 Mb 101 101 to 2.80 6 2.70 Retire 1963-1972 opt 1955-A&O 2Mb Sewer Disp *47-'56A&0 Moffat Tun Imp D 87 102 M 110 to 2.75 to 1.10 3s 1963-1972 opt 3 Ms Mun Water 78 100 M 4 Ms Jan % % 93. 4Mb Ref Wat 1938-67.J&D 4Mb Water 1962-1965.J&D SDNol 4Mb 1939-53.J&J S D No 1 4Mb 1938-47-J&D 48 July 1941-1945 J&J 3.65% March 1, 1950-54-. 2 Ms Sew dist 1947-56-A&O 95 89 M 89 page 99 2Mb warrants 1952-'54—J&D Colorado Spgs 4s Mar 11941 ._ 5 1.60 4Mb 1938-1939 J&J 6 0.60 Denver (City and County)— 4Mb Water 1944 J&J 6 2.00 110 104.2 Hawaii Terr 4 Ms '49.M&S 15 % % % % % / 25 2Mb State H'way '39-*54_J&D b 1.00 38 warrants 1939-1951—J&D b 1.00 3.50 101.9 0.75 to 2.75 1.75 to 2.65 3.30 % to 3.05 to COLORADO 3.50 103.20 15 1939-56--J&J 16 060 3 50 3.50 102 M 109 M 5s Jan % % % 3.10 % 3.30 % 2.40 % 4.15 102.14 101.6 TERRITORIES & U S PO SESSI ONS Honolulu (City & County)— 5s Pub impt 1956--J&D 15 3.00 2.75 to 3.20 F&A 6s 3.5J 6 3.75 3MsMay l'55opt*45M&N 4s July 1 '46 opt '44--J&J 4s 1958 opt 1938 M&N * 4Mb gold Aug 1943 West Side Irrig Dist 88 100 M 2.90 % to 1.90 % to 2.15 % Turlock Irrig Dist 6s 86 M 100 % to 2.70 0.60 to 3.30 4Mb Water 1939-1977-.J&J 4s Wat Distrib 1938-53 J&D 0.40 to 2.75 4s W.t Distrib '38-'63 J&D b 0.40 to 3.10 2s 1940-1949 J&J 6 1.00 to 2.25 San Joaquin Co 5s '39 '49-J&J b 0.75 to 2.50 Santa Barbara 5s '39-41-JanlO b 0.60 to 1-40 103 4 M -4s 3s July 1 '65 opt '45. J& J 3s Jan 1 '56 opt '46-J&J 3s May 1'56 opt '46.M&N 4s 4Mb Water '57 '58. '59-J&J 4mb 1939-1951 J&J 3.25 % 3.60 % 103.18 Bonds % % to 3.35 5-4 s 1961-1967 5-4s 1968-1977 Loan to 2.90 2.25 104.17 104.14 103.16 % % % 2.40 % 1.60 % 0.90 100.14 100.10 Federal Farm Mtge Corp— 3 M % int & prin guar '44-'64 3% int & prin guar 1944-'493% int & prin guar 1942-'472 M % int & prin guar '42-'47 1M % int & prin guar 1939— Instrumentalities of U S Govt Federal Land Bank—Farm to 5s School 1939-1966-—F&A 97 101.28 to to 2.90 San Diego 5s W W '43-*54A&0 5s Water 1939-63 J&J 5-4s 1943-1948 5-4s 1949-1953 5-4s 1954-1960 101.24 1 1.90 % to 1.75 3.75 3.90 99 Highway 6s Jan 15 serially. Phoenix 4Mb '50 opt '30-J&J to I00M 98 Maricopa County— 1M% Dec 15 1941 101.3 101.5 102.19 102.21 1M% Mar 151942 2% Sept 15 1942 103.23 103.25 102.25 102.27 1M% Dec 15 1942 Borne Owners' Loan Corp— 3% prin & int guar *44-'52 103.22 103.24 2M % prin & int guar "39-'49 101.16 101.22 2 M % prin & int guar *42-'44 101.15 101.17 2% prin & int guar 1938--- 100.19 100.23 1M % prin & int guar 1939.. 101.2 101.5 Federal Home Loan Banks— 1M % cons dob Apr 1 1938.. 100.0 100.2 1 Ms July 1938..— 100.7 100.9 3.00 less to 1.90 M&S b 0.60 4s 1939-42 J&J b 0 50 Redlands 5s 1939-51—J&J15 b 1.00 Riverside 5s 1939-53 J&D b 0 90 102 Tuscumbi^refdndm^ l%to4% 3.20 to 97 103 101.29 to 3.30 to Riverside Co 5s '39-'54—M&N b 0.90 Sacramento 4s Jan '39-'45_b 0.40 Sacram'to Co 4Mb '38-'46 J&D b 0.40 101 101.29 to 2.60 to 3.00 Pasadena 94 4.10 100 105 4s to 3.40 F&A b 0.65 1939-1965 Orange Co 5s 1939-45 101 100 4$ to 3.45 Oakland S D 4s 1939-44--J&J b 0.40 111 J&J b 2.00 Tuscaloosa (City)— 5M8 serial b 1.00 Modesto Irrig Dist 6s b 3.90 Oakland 5Ms 1939-1943-F&A b 0.65 4Mb Mun Imp '39-'43.F&A b 0.65 105 5s Road 1952 F&A Selma (Citv) 5s-6s 1938-55— b 3.80 2MB 1939-1952 J&D b 2.70 b 1.00 Ang Co 4 Ms *39-'49—F&A 4Mb 103 4Ms June 1 1938-1948 95 5s School May 1 1945 4Mb R & B 1938 J&D 100 4Mb 1939-1958J&D 105 to 91 Gen fund 4Mb 1941-66 J&D Montgomery— 96 5s funding 1939-1966-J&J 95 4Mb Sanitary Sewer Jan 1'44 Montgomery Co 4Mb 1957-59 ) 3.90 101.21 101.21 101.27 101.27 101.27 1M% June 15 1941 Los Mobile Co— 5s W W 1939-1957 104 J&J 6s ref pub impt '38 '53 M&N U01 t Tuscaloosa Co 6s Bridge 1941 » 3.50 5s Road 1957 M&S i 3.90 101.4 101.13 102.13 101.19 101.19 102.2 1939 1946-1961 3 Ms Jan 1 1939-1960 4Mb Ot House 1938-43 M&N b 2.25 to 3.30% 4 Ms Ref 1938-1961—A&O b 2.00 to 3.80 % Mobile City— 62 64 Refunding 2-5s Jan. 1 1966. 102 4Mb Water & Sew *39-J&J 101M Ask Bid Los Angeles City High Sch Dis 5 Ms Nov 1938-60 M&N b 0.75 5s 1938-1964 F&A b 0.40 4s 1939-1945 J&D b 1.00 Tuscaloosa— 101.19 Bonds 4s 101.17 101.23 Treasury Notes 2M% June 15 1938. 2M% Sept 15 1938- or Net 106 102 98 100 108 M S 1M% Mar 15 2M% June 15 IH% Sept 15 1M% Dec 15 1M% Mar 15 1M % June 15 1M% Dec 15 1M % Mar 15 1938-40 Ask 104 Gadsden 6% Impt long mat— 5s schools 116.18 3 Ms Mar 15 1941-1943 M&S 3 Ms June 15 1943-1947 J&D . 19. Yield Basis To or Bid Bonds Net to 1Mb Bdge 1938-55 New Britain n to 2.60 ♦4Mb School 1938-'52.F&A 6 0.50 par f Flat prices 1.50 (Co) 4s Munic Bldg 1948—J&J 6 2.50 4s 1938-1952 F&A 6 0.50 to Nominal. 2.40 2.60.7o 93 STATE Quotations for all securities are AND BONDS MUNICIPAL day of the month preceding the date of issue as near as possible for the closing Yield Basis Bonds or Bid - Ask _ ♦4Mb 1938-1964 M&S15 b 0.50 4Mb Refunding 1939.A&0 ♦Plalnfield (T)4 Ms *38-'57A&0 b 0.50 Putnam (T) 4Mb ,38-,46-A&0 b 0.50 •Ridgefleld (T) 4Mb Jan 1 *43 Stamford (O) 4s 19' )42 __M&N Stamford (T) 4Mb '39-'45 J&J b 0.75 Mb Sch 1938-] •4Mb Sch 1938-1965—M&N b 0.50 Sch 1939-59 J&D b 1.00 Sc 4Mb High is orrin Torrington ♦5 Mb Fund 1939-'41 J&J b 1.00 4Ms July 1 1939 J&J Wallingfora (Town) 4Mb 1943. 1948. 1953 J&J 2.20 4s 1938-46 J&D 0.75 . J&D b 2.30 J&D b 2.40 •3s 1938-1942 J&D 6 0.40 6 0.75 6 0.40 6 2 30 4s Water 1939-1965 J&J 4Mb July 15 1938-66—J&J 4Mb 1946-1953 J&J ♦4Ms Water 1938-64 J&J 5s Water 1938-1951—M&N 5s Water 1952-1971.M&N15 West Hartf'd 4Mb 1943—J&D 4"Ms Mar 15 1939-48.M&S W HavUSD *4 Ms'38-'56 M&N Westport 4Ms July 1 1938-60 Weston (T) 4Mb'38-'45.M&N Akershus (Dept of) 5s 1963—— 22 22 M s s Extl s f 7s Extl s Extl s Extl s f 7s 1957 1st ser-A&O f 7s 1957 2d ser_A&0 f 7s 1957 3d ser.A&O f 7s f 7s ser ser J&J 1945—J&J O 1945 D to _ 2.75 2.50' to 3.00' to 2.90' to Extl 4Mb 1956 Austrian Govt 7s 1957 Baden extl s f 7s 1951 to 1.90 M&N J&J J&J i to 2.75 < to 2.75* to 1.80 2.80 to to 2.75 6 2.70 to 2.80 3.00 6 0 50 6 0.50 to 7s Oct 1947 Bolivia Ext Extl 7s 1958_ jRep) 2~50 to 2.90« 3.00* 0.90 to 1.90I* 1.80 to A&O 2.70* / 22 9H 10M 10M to 2.15 to 2.35 % 2.00 to 2.25 % 0.50 Sussex Co 5s 1939-1970-. ..J&J 0.60 4Mb 1938-1953 .A&O 6 0.55 to 1.85% % to to 2.65 to 2.45 % 2.70 4Mb 1938-1958 (s-a). .A&O 6 0.25 5s 1947-1949 .A&O 1.90 4s 1938-1941 -A&O 6 0.25 4s 1942-1948 .A&O 1.00 1.80% 2.15 % 2.30 % County School Tax Districts No. 4 6s 1938-55— Columbia Co Road 6s 1955.. 48 53 108 112 Coral Gables— New refunding 2 M-5s__1977 45 47 Dade Co 5s Oct 1947-54.A&0 102 M 104 H Ref 3 Ms 1940-1947 .M&S 6 97M to 94 M Dade County (School No 2)— . Refunding 4s 1938-67.M&S Duval Co Road 5s 1955--A&O Duval Co School District No. 1 5s 1938-1955... A&O Escambia Co 6s Aug 15 1951. Gainesville 5Ms July 1938-406Ms July 1941-1975 Hillsborough Co 5s Oct ! 1943 Hillsborough Sch Dist No 4_. Jacksonville— 5s Jan 15 1939-45. .J&J 15 5Ms Jan 15 1940-45. J&J 15 Refunding 2.60s Jan 1 1957 Lakeland 6s. 94 113 9 20 6 4.00 100 3.50 % 110 6 2.75 to 3.50 6 3.75 100 to 100 % 4.25 % 103 102 6 2.50 to 2.80 6 3.50 to 4.00 6 3.00 to 2.80 69 / 67 „ 107 to 3.50 to 4.25 105 100 89 91 Miami Beach— 5Ms 5Ms 1938-1939 M&N 1940-1950 M&N Ref 4Mb non-opt 1947-56- 3.50 2.75 4.40 4.10 4.10 80 83 3.90 95 F&A 107M Refunding 4s 1939-62.F&A Orange County 5s 1944--J&J 1952-1953 ; 5 Ms 1945 1950 „ J&J M&S 6s 1940-1950 Palm Beach (City of) 5s 99 4.40 101 4.20 Scrip Readjust 4M-4Ms '77.M&S Ref s f 4M-4Ms '76—-F&A Extl re-adj4M-4Ms '76A&0 Ext re-adi 4M-4Ms'75M&N 7 Ms 1946 Ser A int f 6s 55 103 3-5s Oct 1 1972 55 Suwanee Co Road 5Ms 19466 4.75 Tampa— 5s June 1955 opt *25 98 J&J 5s W W Purch '38-72.F&A 6 4.40 4Mb Impt 1937 J&J 100 West Palm Beach— 47 57 4.25 4.00 102 49 30M 29 % 32M 28 27 12 14 16 13 15 16 16 15M 15M 15M 15M M&S]/ 15M M&N " 15M s s f 6s 1962.. f 6s 1963 16 16 16 16 13 S f gu 6s 1961 6s 1962 6% notes 1931 6s stamped 1931 Chinese Government— 15 14 J&D 11 18 23 28 Hukuang Rys 5s£._J&D 15 2M-5s 1954 Cologne Germ'y 6Ms'50.M&S Colombia Rep 6s 1961.-J&J 28 A&O lOM 10M . ilH f 7s 1957 22 M 92 F&A 7s stamped 1957.. 7s stamped 1937 6s 1946 Tax free in Connecticut, t Called Sept. 1 atjpar. a Called May 1 at par. 20 32 80 75 26 A&O 1st series 1957 25"M F&a / 2d 23 20 6Ms 2nd series 1949—_f&A f 2r$H Havana—1st 6s 1939 93 Q-J 6s ""22M 94 q-j Heidelberg (Germ) 7Ms'50J& / .... Hellenic Republic (Greek) Sec Wat Wks ext 8s 1952... / "17M 58 104 M See Munich Bank Hungarian Cons Munic Loan 8 7 Ms 1945 J&J Extl s f 7s Sept 1940—J&J Hungarian Land Mtg Instit'n Mtg 7Ms 1961 S f 7 Ms 61 ser ser A..m&N B ($ bds)m&N 105 16 15M 18 ff :::: Hungary (King) 7Ms '44.F&A / 34 Ext at 4M% to 1979—F&a 34M Irish Free State 5s 1960.M&n Italy (Kingd) extl 7s '51.J&d Prestito Redimibile 3Ms.. Ital Cred Consortium for Pub wks ext 7s B'47 m&S 18 37 M 36 115 liH "76M 30 75°6H 76 M 57 M 74 75M 57 Pub Util Credit s f 7s'52J&J Japanese Government— Sf 6 Ms 1954 f&A Extl s f 5jMs 1965 m&N Oriental Dev Co 6s'53.m&S 58 M 57 56M Orient Dev Co 5Ms'58M&N 54 M Jugoslavia—See Mtge Bank of / 24 82 50' b Basis, 9M 25 12 74 M uuueueJ K 96 M 94 M .... / iv-ity; ts luio.m* Maranhao (State) Brazil— Ext s f 7s 1958 Mo,., Medellin (Munic) (Colombia) 7s extl Dec 1 1951 6Ms 1954 Mendoza (Prov) Argentina— 55 Stamped ♦ 29M 22 M Germany— 24 48M ff 31 35 Sink fd 7s(of 1926) '46 M&N / 22 Sink fd 7s (of 1927) *47 F&A / 22 95 Copenhagen 5s June 1 *52 J&D Extl g 4Mb 1953——M&N Cordoba (City)— 70 A&O Mtge Bk— 20-yr sf 6Ms 1947 s Gold , A&O 29 M Hanover (City) Germany 7s'39 / Hanover (Prov) 23 1946 Extl 32 30 6s Oct 1961 4s 15M 13M 15M UH J&D31 A&O M&N 15 12M 12M 12M J&D31 27 32 Hessen. A&O 1960 1953- Helsingfors (City) Finland— Extl s f 6Ms 1960 a&O 13 f 6s Feb 1961...F&A Extlsf 6s Sept. 1961..M&S Extl Ry ref 6s 1961 J&J s Colombia 100 8M 40 4.60 103 4 6s Chilean Cons Municipal LoanExtl s f 7s 1960 ser A__M&S Chili (Rep) ext 7s 1942.M&N s 6s 11X 13 H Ireland—See British 20 6s part paid 1968.._F&A 18 Guatemala 8s 1948 m&N / 28 Haiti (Rep) 6s extl 1952.A&0 75M 7M 29M 1938.A&015 Central Bank of Germany— 6s A 1952-. .F&A / 25 6s series B 1951 A&O / 25 Extl Extl # Hamburg (State of) Germany 2 ctfs 27 M 27 25 6M _ 29 18 8X s f 7s 1964—M&n / 7s part paid 1964 M&n 6s 1968—F&A / 6M 6M A&O 24 32 35 17 M Sink fund "5M 26 M 6M Gt Brit & 43 M Extl sec 7s 1948 J&D Ceara (Brazil) 8s 1947-—J&D Cent Agricul Bank (Germany) Farm loan 7s 1950.-M&S 15 Farm loan 6s I960—-J&J15 Farm loan 6s I960—A&015 3.25 104 Petersburg— Refunding— Refunding 2-5s__, 4M 21 / June 1 '35 to June 1 *37— 13 German Prov & Comm Bko (Con Agr Loan)6Ms'58 J&D J 25 UO «J OtJL» / Graz(Mun)Austria &'54M&n / 26 32 33 it* (Colombians f 7s *47-M&N 20M coups Dec 1934" stpd / Apr.l5'35toApr.l5'38— / Young coupons Dec 1'34 stp / Greek Govt Callao (Peru) 7Ms 1944—J&J Carlsbad (City) s f 8s '54.J&J Oauca Val (Dept of) Colombia Extl 3.75 57 63 31H 32 M Caldas—Extsf 7Ms 1946. J&J Extl 69 62 41M Sec s f 7s 1967 J&J Stabil loan 7 Ms 1968.M&N 4.50 to 54M 55 M 8?* 95 / 22 w Bulgaria (Kingdom) 4.35 106 90 Jan-June 1938-_ Scrip Dawes 73 45 58 108 102 M 90 f Stpd(Canadian holdef)"'65'/ German Extl 7s '49 stampA&O / 31M 7s unstamped 1949 / Default coups July-Dec'33. / 58 Jan to June 1934 / 40 July to Dec 1934/ 39 Jan to June 1935/ 37 M July to Dec 1935 ./ 36 Jan to June 1936 / 34M July to Dec. 1936 / 33 Jan to June 1937 / 25 M July to Dec. 1937... / 25 75 75 f 4s S bonds 1984.J&J 23 20 M 20 M 20 M Sfcnri/TinnoHtor* * 53 M 54 M 101 90 M 31M ... 88 40 4.60 3.80 109 "18 60 104 M 96 100 —— / Int ctfs of dep July 1 1938.. / German Cons Munic 7s*47F&A/ Cons munic 6s 1947--J&D/ 71 / 35 4.50 4.75 97 110M 101M 60 35 7% assonted Pensacola 4Msref 1941..J&J 101 5s 1958-... J&J 103 Pinellas Co ref 88 highway Polk County 5s July 1 1938-40 6 3.00 St Augustine 6-4s stam'd 65 1955 5Ms & 6s imp 1937 51 F&A St Johns Co Road 5s 1946—_ 100 Road 5Ms 1944 M&S 100 St % _ 70 78 stamped 1952 7 Ms stamped 1947 Cali __ . 15 14 M 7s plain 1949. Govt Internal— 5Ms loan of 1965 J&D / 5Ms unstamped 1965 / 22 98 109M 99 M 5 106" German 96M M&S Buenos Aires (Prov)6s'61 M&S 6s stamped 1961 s . 17 M War Loan 3 Ms of 1932 Victory 4s due 1975— Smyrna— Ref 3-4M-6s Jan 1 1964— Orlando— 5s — _ 17 s M&N/ Funding 3s 1946 27 f 6s 1950 J&D British 4s 1990 opt '60—_M&N Extl Water & Light 5Ms 1940-50 103 Leon County 5s July 1 1938-40 6 2.75 5s July 1 1941-55. 6 3.50 Marion Co Road 6s Feb 1 '52. 101 Road bonds 5s 98 July 11952— Miami— Refunding 5s Jan 1 1964— — „ 21 ** f A&O / 7s ext of 1949 stamped-J&D 9 18 105 M 99 H 7Ms ext 1941 stamped J&D 7 Ms plain 1941 erman Conversion Offer— 9 28 Q^i 1939 7s 1938-1945 Extl sf 6Ms 1953 French Government— 11M 6 4 68 "20" Frankfurt-on-Main (Germ)— 11M 9 6 Ms stamped 1961 — Internal 4s 3M 3M 6 — 96 110 «*<■» — 3 Vs 6 f 5s of 1957 65 62 50 Ecuador Int 6s 1929 Estonia (Rep of) 7s, 1967 J&J Finland (Repub) 6s '45-M&S 25 6 Hungarian Bk 7 Ms 1962. Bud' pest (City) 6s J'n'3ocoup'62 Brevard New JM 25 4s of 1900 s 65 51 \ 21H 21 4Mb of 1888 30-yr 51 50 5Msof *26 ext 2d ser 1969 Dortmund Munic 6s 1948—_ 21M Dresden (Ger) ext 7s '45 M&N Duesseldorf 7s to 1945 20 Duisburg 7s to 1945 / 20 El Salvador (Rep)—8sA'48 J&J Certificates of deposit 23 M 101 4s of 1910 4s of 1889 Brit FLORIDA 64 Administrations— _ 112 10 5 f 5s 1958 to 65 10 20-year to 64 60 10 to 2.20 % % 1.25 % 2.00 % 64 60 5 Ms of '22 ext 1961 2d series 1961 5 Ms of '26 ext 1st ser 1969 103M 7 to 2.00 101M 98 M 60 Customs 104 7 Funding 5s 1931-1951 Funding scrip 102 iri 17 22 M 17 M 7 Bremen (State) 7s 1935—M&S 6s1940 Brisbane (City) Australia- 99M 40 60 24 5s of 1895_ 5s of 1913 4 Ms of 1883 0.50 1.85 80 100 98 24 12M Extlsf6Ms (1927) *57.A&O 78 2d Series 1942 5 Ms Cust Adm 1940--A&O 2nd ser 5Ms 1940—-A&O 7 A&O Brazil 8% ex 1941 J&D 7s Cent Ry elec 1952—J&D Extlsf 6Ms (1926) "57-A&0 68M 99 M Mtge Bank of 23 M 2M 2M 2M J&J M&S 17 Dominican Rep 5 Ms '42.M&S i8* 8* ' 8s *47 M&N Extl sf 7s 1969 6s 1940 to 2.25« J&J J&D — to 2.60 6 0.40 f 7s 1955 s 73 B..A&0 ser Ext'l 5Ms 1955 F&A Trust rets 4Ms 1962 A&O 15 Denmark Mtge Bk—See ■ 110M Bergen, NorEx.sf 5s '60M&S t99»»2 Berlin 6 Ms 1950 A&O 6s June 15 1958 J&D / Bogota (City) extl 8s '45.A&0 t J* Extl s f 6 Ms 1947——A&O A 9 Bogota (Mtge Bk) 7s May '47 / 22 Extl to 2.90 6 0.50 HO M v / 22 A&O / 22 13 Barrauquilla 8s 1935-40-46-48 Bavaria (Ger'y) 6Ms '45-F&A / 20 M Bavarian Palatinate 7s 1945-_ f 15M Belg Govt extl 6 Ms 1949 M&S 102 M 102 % External s f 6s 1955 J&J to 2.75 « to 31 Bank of Colombia 7s '47-A&O 7s 1948- to 2.40 80 102 101 98 f 8s 1952 Danzig Port & Wat Ways Bd Extl s f 6 Ms 1952 J&J Denmark ext 6s 1942 J&J 80 M S f extl loan 4s Apr '72. A&O 2% Treasury notes 1948— s Cons Municipal Loan 5Ms 1955 -M&N 5s 1953 F&A 80 M Australia (Commonwealth)— Extl 5s July 15 1955.J&J15 Extl 5s 1957 M&S Ext Danish 91M s f conv 4 Ms '71-M&N S f extl loan 4s Feb '72.F&A to 2.25 to Wilmington— 4 MsBldg—Con *53-*62 M&S 164" 17 19 JL \JU Argentine Repub— 0.40 2Ms April 1 1958-1966. Kent Co 4Mb 1945-1950 -M&S New Castle Co— 6Ms 1938-1944 ..J&J 18M Antwerp (City) extl 5s '58 J&D 0.50 DELAWARE 2Mb April 1 1939-19472Ms April 1 1948-1957. _ 22 24 Extl 83 M (Republic)— sf 7s 1951 Extl s f 5 Ms '53 J&J 15 -102 % 5Ms Pub Wks June 30'45J&D f 68' Serial 5Ms 1937 —J&J /100 Cundinamarca Dep (Colombia) Extl s f 6 Ms 1959 M&N / 5 Czechoslovak Republic— Ext s f 8s 1951 ser A..A&0 73 100M 3 3 5 8s1946 sec Ask / 17 M Funding 5s 1951 M&N / 15 Costa Rica Pac Ry 7 Ms 1949 / 17 5s 1949 / 16 Cuban 5s 1944 opt 1911—M&S 101 % Extl g 4 Ms '49 opt F&A 101M Extl O vw 1949 g 5s XOXi7w«>n«.alaiMM<li IXiXX F&A 103 M 3Z /o 6M 6M 6M B 1945--J&J ser Rica Ext 23 23 23 M 24 J&J Extl J&J Wind am (Township)— 4s 1939-1942 4s 1942-1952 22 " Extl 81 _ M&N alOOM 20 M&S Antioquia Col (Dept of)Extl s f 7s ser A 1945 Bid Costa 22 Norway- Anhalt 7s to 1946 to 2.75' Water bury— ♦2Mb 1950-1962 ♦2Mb 1950-1962 Bonds Cordoba (Prov) Argentina— Extl s f 7s 1942 ...J&J 6s (Feb '35 coupon on) .1947 6s (Apr '35 coupon on,.1948 7s (Apr '35 coupon on)-1946 7s (Jan '35 coupon on)-1947 2.90 to Ask FOREIGN GOVERNMENTS AND CITIES Agricul Mtge Bk (Colombia) 4Ms Water Aug 1941--F&A 4Mb 1938-1909. F&A b 0.60 to 3.00 < ♦4Ms Sch Aug '38-'43_F&A b 0.50 to 1.90( ♦4s Park 1938-1943—F&A 0.50 to 1.90' New Haven— *4b Apr 2, '40 tax-expt A&O b 1.90 1.75' ♦4Mb 1943-1952 b 2.10 to 2.75 1 •5s 1938-1951 J&J 0.40 to 2.80 New London 4Mb Park July 1942.-J&J 4Mb Water ref I960-—F&A Nor walk (O) 4s 1954-1964— ♦4Mb Sch March 1939-1953. 6 0.50 to 2.75' •4Mb Improv't '38-'39--J& J b 0.50 to 1.001 3Ms 1938-71 A&O b 0.50 to 3.00' 354s 8ewer 1947-70- J&D15 b 2.25 to 3.00 5s 1938-1971 A&O b 0.75 to 3.40' Norwalk (T) 4 Ms 1942--J&D 4Mb Sewer 1940-68 M&S b 1.60 Norwich 4 Ms water 1939.M&S Bid Bonds New Britlan Continued— f Flat, nrice. k Last sale, f 10 ,f.6H 17 9 7 ^ " n f~22~~ 67 Nominal. "70" April, 1938] AND STATE Quotations for all securities are as near as MUNICIPAL Yield Basis Bid Ask Foreign Govts, and Cities (Concl.) 1H - 5s extl loan of 1899 1945— 5s assented 1945_ {-IV J&D - 4s of 1904-1954 4s assented 1954 J&D Extl 48 of 1910 (£20 pieces) £100 and £200 pieces Treas 6 % notes '23 ext to '33 £20 pieces £100 and £200 pieces 1H 2% 2J* 2X 1 "~2H M&S Extl 6Ha 1959 ser A..M&S Montevideo (Oity) 7s '52.J&D f 6s 1959 ser A.M&N 58 f 5s 1972 ser IX J&D s bonds of 1937-78 A&O 6s funding 1956 Second 5s 1956 Nov '32-May *35 coupons.. Nov '35-May '37 coupons.. 7% Stamped 5% scrip_ — Dollar funding 3s 1956. A&O Coupons 1936-1937 Porto Alegre (Oity) Brazil— Sinking fund 8s 1961—J&D 8 f 40-yr 7 Ha 1966 J&J F&A 7s 1968 Sul 35 Yokohama extl 6s 1961.-J&D 57 572* s s f 6s 1968. Rome extl Rumania CANADA (American Dollar Quotations) Dominion of Canada— Is (12*-yr) 1939 7s 1002* 102 H 102 H 1015* 100 % 100H 102 H 22 25"" 99 33 102 40 32 10 5s Nov 15 1941 992* l04~" 47 36 Gold 30 96 96 6 Russian 6}*s June 18 Certificates of 5H 6 8 ~lx 72* 45 8 62 55 69 46 50 25 30 35 37 6H 5 8 6 6s series B ser Certificates of 42*s May 1. 1945 M%N 42*8 Dec 15,1956—J&D 15 Montreal 5s Dec 1. 1945-J&D 5s (State) 11 i?« 6 602* 28 12* 2* i 292* A&O J&J 10 8s ctfs of deposit 1948— Santa F&A San Paulo (Brazil) State of8% external loan 1936.J&J Extl 8s 1950 J&J Extl 7s 1956 M&S Extl s f 6s of 1928,1968 J&J 9 102* 82* 6s 1943 Sec s f 7s 4s Stamped 1942 Santa Fe (City) Arg Rep extl 55 7s 1945 A&O 62 4s 1945 stamped.. A&O 51 Scrip Santander (Dept) Colombia Extl s f 7u 1948 A&O 8 Santiago(Clty)Ohile7s '49 J&J 132* 122* lbH Extl s f 7s 1961 M&N Sao Paulo Brazt|„8s 1952 M&N Extl f 6H« |957-M&N 15 Saxon State Mtge Institution Sink fund 7s 1945 J&D 10 2* s Sink fund 6 Ha 30 Mar 22 1946 J&D ../ Serbs Croats & Slov (King of) Extl 8s 1962 M&N / Extl 7s 1962 ser B...M&N/ Silesia (Prov) Poland— Extl sf 7s 1958 J&D / 6s 1947 21 20?* 20% 242* 212* 43 50 Silesian Landowners Assn— (Bank of the) 1st 6s 47 F&A / 20 Sydney (City) N S W—■ 25-yr s f 5>*s 1955 F&A 102^ t Quotations 42*s 4 2*s 42*s 42*s 42*s per 1944 M&S Jan 15. '39 -'47 J&J 15 Jan '15 *48-'57-J&J 15 1938 M&N 15 1939-1970 M&N 15 312* 1022* 1941 74 75 75 105 104 89 92 85 88 81 83 ' 103 1042* 1032* 992* 992* 105 1002* 982* 102 101 101 100 98 992* 962* 992* 982* 982* 98 1122* 1062* 1072* 1142* 1142* 119 1102* 102 1122* 1012* 105 M&N 1002* 100 100 102 105 34 114 1072* 109 116 116 1202* 1112* to 111 115 to"lie 105 100 gold rouble bond, equivalent to 77.4234 91 102 102 May 15,1938-43-M&N 15 4s May 15,1944-57.M&N 15 4s May, 15,1958-^8 .M&N 15 Hydro Elec Bow Com— 42*8 Jan 1, 1970.._J&J 2 Ottawa City 5s '38 '45...J&J 6s Munic Imp '38-*50—J&J 6s July 1. 1938-1956 J&J 42*s 1938-1944 J&J 4 2*s 1938-1942 J&J 42*s 1943-1960 J&J Quebec (Province)— 8-yr 22*s 1944 M&N 15-yr 3s 1951.. M&N 3 2*s 1949 J&J 3 2*s sf deb 1952 J&D 42*s 1961— M&N 42*s 1956 J&D ^.4 ebec City— Quf 5s S F (non-call) 1960-M&N Saskatchewan (Province)— 5s 1943 (non-call)__J&D15 6s 1959 (non-call)....M&N 42*s July 2 1945 J&J2 42*s 1955 42*s Mar 15 I960 M&S 4s Nov 15 1957 M&N15 — 4s Santa Fe (Prov) 7s 1942.M&S 92 104 113 (Prov)— Deb 5s I960. M&S Deb 42*s Sept 15'52 M&S15 Deb 42*s I960 M&N 15 4s 1940'."."——A&O 972* 972* 100 104 104 Ontario (Prov) 6s '43..M&S15 5 2*s 1946 J&J 5s 1959 M&N (Brazil)— Catharina 8s 1947... 47 grams of pure gold. 1052* 1052* 116, to"107 108 108 1182* 100 to 113 101 to 120 101 to 117 101 2.00 to 2.75 % to 2.75 to 2.50 2.60 to 4.00 to 3.00 Pulaski Co 5s 193848 J&J 6 2.25 Rome 4s Mun bldg'38-'39 A&O 6 1.75 Savannah—42*s ref 1943. J&J 6 2.50 to 3.50 42*s 42*s 4 2*s 42*s 4 2*8 2.00 to 2.25 2.25 6 2.50 2.25 3.10 6 3.25 6 2.25 to 3.50 6 4.00 to 5.00 6 2.00 to 2.75 6 2 00 to 3.25 95 100 95 J&D 100 IDAHO Cap Bldg 1939 J&J Impt 1938-47 opt *30 Ref 1938-1939 A&O 1.50 2.00 1.50 2.25 1.50 ref 1940-45 A&O Road 1939 opt *27—J&J Boise City 42*s 1951 J&J ILLINOIS 3.50 0.40 42*s Serv Comp '38-'43_Aug 1 42*s Serv Comp '38-*43_Aug 1 42*8 Serv Comp *38-'44_Aug 1 4s Highway 1938-43 May 1 4s Highway 1945-54 M&S 4s Highway 1955-58 M&N 32*s Emerg Rel *38-'47 Dec 15 3 2*s Emerg Ref '48-'54 Dec 15 0.40 0.40 0.30 1.75 2.30 0.60 2.00 to 1.60 % to 1.65 % to 1.60 to 1.50 to 2.25 % to 2.40 % to 1.90 % to 2.30 % 1 ■ Bloomington— 42*s Water 1938-1961 opt 1952 M&S 6 2.00 to 3.25 Champaign County— 6 1.00 to 2.25 3s 1941-1944 6 1.75 to 3s 1945-1948.. 6 2.50 to 5s Road 1938-1943—M&N Chicago— 3s 1957 opt '39-'40 3s 1957 opt '41 -'42 3s 1956 opt 1945-49 32*s 32*s 32*s 32<js 1951 1952 1953 1955 opt opt opt opt 100 992* 100 2.40 2.85 100 H 1003* 101H 2.25 1940 1945 1946 1951. 2.90 3.00 3.15 1939. 48 If 0.75 4s 1945-1948 6 1.25 6 2.50 4s 1949-1950 6 2.90 4s 1940-1944 42*s 1954 to 2.40 % 2.80 % to 3.00 % 3.10 to Board of Education— 3s 1957 opt 1939 3s 1957 opt 1941-43 100 992* 992* 3s 1957 opt 1945-47 32*s 1955 opt 1946 42*s 1954 opt 1944—Chicago Park District— 32*s 1956 opt 1946. 955 4s If" opt 1939 4s 1955 opt 1940-'44 4s 1955 opt 1945-*47 48 .1955 opt 1948-'55 Sanitary District— 4s 1955 opt 1939 4s 1955 opt 1940-'44 4s 1955 opt 1945-'47 4s 1955 opt 1948-'54 1003 100 J 101 3.00 2.70 . 1012* 102?* 1.00 6 2.00 to 2.90 3.00 to 3 .05 3.10 to 3.25 % } 1.00 2.00 to 2.90 % % 6 3.00 to 3.05 6 3.10 to 3.20 Cook County— 4s 1956 opt 1939— % 1.00 4s 1956 opt 4s 1956 opt 6 2.00 to 2.90 6 3.00 to 3.05 j 4s 1956 opt 6 3.10 to 3.20 % M&N 6 1.00 to 2.25 %' 1940-'44_ 1945-'47 1948-'53 Elgin Sanitary Dist— 5sl938-1944 Evanston S D No 76— 101 4 2*s 110 June 1 1938-1948— 6 1.25 to 3.00 % Forest Preserve— 992* 95 to 3.00 to 2.00 48,, 48 111 2.50 4s Pav & Sew '38 to '39-J&J 6 1.75 Marietta 5s W W 1939 F&A 6 2.25 48 102 to 4.25 Macon— 46 42*s non call 1958-M&N 15 42*ssf Apr 15. 1961 A&015 Scotia Crisp Co— Hydro-elec 5s '39-'57.F&A 6 3.25 Dougherty Co 5s '39-'48 M&S 6 1.75 48 " 6 3.75 6 3.00 2.00 / 46 / 46 / 46 1022* 102 2* 1032* 42*s 1955. M&S North Vancouver 5s '60.-J&J / 31 New Brunswick— 89 to 2.90 Woodbury 6s 1938-49 120 M&N 90 85 J&J 6 1.75 42*8 1938-1956 J&J 6 1.75 Augusta—42*s Flood*42 M&N 6 2.25 Clarke Co 5s 1939-1944—J&J 6 1.75 Columbus—5s 193844—J&J 6 1.75 Cordele 5s W W 1938 J&J 6 2.00 Bibb Co 42*8 1948-49—M&N 6 3.10 49 50 1182* 5s Nov 1, 1969 , Nova 12 f Nov 1, 1956 M&N 42*s May. 1954 42*s Jan, 1944 J&J 42*8 1938-1939 A&015 42*s 1940-1951 A&O 15 42*s June 1, 1971 J&D 4s May 1,1944 M&N 3 Ha refdg May. 1939-M&N Metrop Co 42*s *53.'54&'61 4 2*s May 1, 1965 M&N Harbor Commissioners— s 86 5s Water 1939-51 49 49 Lachine P Q 5s 1954 J&D Manitoba (Prov) 5s *44-J&D 2 106 95 93 91 6 2.25 47 47 A&O Athens—42*8 June 30 1943— Atlanta—42*8 Jan 1 1940-J&J 47 50 49 4s Elec L & P 1941 87 J&J 6 1.25 to 2.20 2.80 J&D b 3.10 42*s Drainage 1944 F&A 42*s Refunding 1959.-F&A Spalding Co—5s '39-'49—J&J Swainsboro 6s 1938-50—A&O Valdosta 5s 1939-1942 Jan Ware Co 5s Road 1938-49 J&J Watkins 8 D 6s 1938-50.M&N 47 Hamilton— I..... 4s scrip 8s 1948 1122* 1102* 1032* 1072* 1082* 1072* 1112* 1112* 1132* 1102* 48 24 deposit— 1072* 1062* 1102* 1102* 48 70 A '47 M&S 1947 107 Ifli J&J A&O 15 A&O 5s sf 1955 & 1960 A&O Halifax N S 4s July. 1945 5s Jan. 1951 J&J — (Mtge Bk) 6s 88 942* 1002* 1002* 1022* .M. 105 1919.. 100 982* jf 45 Brit Col (Prov) 5s *48.-J&J 15 ^96 -.96 5s Apr 25, 1954 A&O 25 *95 42*s 1938-1946 J&D 29 902* 42*sl947-1956 J&D 29 4 2*s s f deb Jan 23 '69 J&J23 ^892* 71 Calgary 5s July 1,1945..-J&J Edmonton (C) 5s '45&'50A&0 *.72 72 21 deposit— 101 * 62* 5H% ext loan Dec 1921 Certificates of deposit — Saarbrucken (City) Germany Extl s f 6s 1953 J&J Salvador 7s 1957 80 1032* • 102 J&J A&O 52*s 1947 Gold 5s 1959 42*s Jan 15, 1942—J&J 15 Deb 4 2*s 1956 A&O 42*s Jan 15.1957 J&J 42*s July 16. 1958 J&J 42*s Apr 1, 1961 A&O 42*s June 1, 1967 J&D Debenture 4s 1954 J&D 9 1012* 1002* 992* A&O M&N Gold 52*8 1952 Gold 5s 1948 5s 1950 992* 982* 952* 95 M&N Refunding 5s 1943 5s May 1952 Alberta (Prov of)— GEORGIA 4J*s ref 1938-1945 Albany—5s 1945 Road 5s 1949-53 M&S J&J J&D M&N F&A J&D M&S J&J 14-yr 32*s 1951 M&N 25-yr 3 2*s 1961 opt '56 J&J 15-yr 3 2*s. 1949 A&O 20 yr 4s 1952 A&O 30-yr4* I960-A&O 15-vr 4 2*s 1940 M&S Refunding 4 2*s 1944.A&0 101 ?* 100 101 F&A 1959 86 82 79 76 Appling County— J&D 1992* 1% notes 1941 22*s Jan 15 1944 8-yr 2 Ha 1943 7-yr 22*s 1944 10-yr 2 2*s 1945 20-yr 3s 1955 3s perpetual 3s Jan 15 1967.. 106 H 105 H s f 6?*s 1952._A&0 (Monopolies) Institute \ly> 35 105 H 105 H M&N J&D J&D f 7s 1967 Extl 91 85 82 22 1946.-A&O Extl 92 89 89 20 6 f 8s "98 88 93 212* 6s 1936 5s 1941. 6s 1933 Do 95 87 Winnipeg, Man 5s '44.-.A&0 Wurtemberg 7s to 1945.M&N 6Ha 1959— s 1062* 1002* 42*8 non-call 1944...M&N 42*s June 1 1946 J&D 42*8 June 15 1950—J&D15 4s Aug 1 1946 F& A15 " 82* 5J* 72* f 1966 105 32*s July 1 1944-45 J&J Vancouver. B C 52*s '39-A&O 52 40 Rio de Janeiro 8s 1946-—A&O Extl s f 6Ha 1953 F&A s 107 108 1112* .... 96?* .... Grande 1142* 1012* 52*s 1952 F&A 58 1940 & 1941 var 5s 1945 & 1946 var 5s 1950 & 1951 var.. 5s Jan 15 1970 J&J14 42*s 1942 and 1967—F&A Verdun deb 5s 1954... 43 43 37 30 30 37 31 A&O/ Queensland (State) 7s *41 A&O Ext g 6s Feb 15 1947 F&A15 Brazil ext 110 Wi -F&A Westphalia (Prov Bk) 6s 1933 6s 1952 7s extl 1012* tt 97 H Prague (Greater) Oity-— 63 7Ha loan of 1932-52.-M&N Prussia 6 Ha 1951 M&S 15 / Rio . 422* Vienna (O) extl 6s '52—M&N Warsaw (City) 7s 1958. .F&A / 43 Warsaw (Land M Bk) 8s 1941 50 Panama (National Bank)— 6 Ha series O & D6 Ha '48-'49 6 Ha series A & B 1946-47— Parana (State) Brazil 7a 1958Pernambuco (State of) Brazil Extl s f 7s 1947 M&S Peru sec s f 7s 1959 M&S Nat Loan extl 6s 1960-J&D Extl s f 6s 1961 A&O Poland (Rep of) 6s 1940-A&O Stab'n 1 s f 7s 1947-A&0 15 Extl s f 8s 1950 J&J . 43 32 Hossen 7s to 1945 P&A / 20 New South Wales (Australia)5s extl s f 1957 F&A 99 Extl s f 5s 1958 A&O 99 Met Wat Serv & Dr Board Sf 5H8 1950 A&O 100 Oslo s f extl 4 Ha 1955—A&O Panama (City) 6 Ha 1952 Panama (Rep)ext5Ha'53 J&D Extl s f 5s 1963.. M&N 42 41 35 50 Munich Bank— Norway ext 6s 1943 F&A External s f 6s 1944..F&A 4 Ha extl Bk fd 1956—-M&S 4>*s extl sk fd 1965—A&O Sk fd extl 4s 1963 F&A Norway Municipalities Bank ► Guars f 5s 1970 J&D Nuremburg extl 6s 1952.F&A Oldenburg (Free State) 7s 1945 Oriental Devel—See Jap Govt 45 Net 110 J&J 1938-1939 J&D 5s 1940-1949 J&D 5s 1950-1959 —J&D 42*s 1938-1939———A&O 42*s 1940-1941 A&O iHa 1942-1945 A&O 42*s 1946-1961 A&O 4s £ July 1 1948 J&J 48 Ask 102 J&J 5s 1940-1950 91.15 32*s extl re-adj 1984..J&J 392* Valparaiso 6s 1939 / 11 Mtge Bank of Jugoslavia— Secured sf 7s 1957 . Toronto (Concl.) Toronto 6s 1938-1940 1002* 1960 Bid 5s ... Mtge Bank of Denmark— Exch f 6s Bonds 6 Venetian Prov Mtge Bank— S f 7s 1952 ser A A&O 7 37 s To or Net 56 F&A / 42 bonds of 1937-1979—M&S 4-4 2*-4 2* % extl readj s f 5H 5% 502* 86.55 M&N i Extl sf 6s 1964—M&N f 3 2*-4-4 2*% extl readj s f Extl Minas Goraes (State) Brazil Extl 6 Ha 1958 1952 f 52*s Uruguay 8s ext 1946 3 57 s Gold 7s 1943 3 1 Milan(Italy)ext 6>*s '52 .A&O s Ask M&S 422* 1961 A&O 53 Tolima (Dept of) 7s '47-M&N / 5 Trondhjem (City), Norway— Extl s f 52*s 1957 M&N *100 JUnion of Soviet Soc Republics Extl South Wales Extl Bid Tokyo (City of) 5s of 1912— 5s of 1912 > ield Basis To or Bonds Net Metrop Water Serv—See New Mexican Irrigation s f gtd 4^8 Stamped assented f Mexico (Republic)— 93 Yield Basis To or ~ Bonds BONDS possible for the closing day of the month preceding the date of issue 962* 992* 982* 982* 972* 1082* 110 111 112 103 105 74 76 & 72 70 74 67 652* 652* 1939 1940-'44 1945-'47 1948-'52 Granite City 4 2*s 1938-48 J&D Jackson Co 4?*s 1938-46.J&J 1.00 2.00 to 2.90 3.00 4s 1956 opt 4s 1956 opt to 3.10 3.05 to 3.20 2.50 to 2.00 INDIANA Elkhart 4 2*8 WW '38-75 A&O 6 2 00 Evansville 4s ref 1942 J&J Fort Wayne 652* 42*8 1938 to 1941 * Called May 1 at par. 1942 to 1946 1947 t.o 1957.... A&O 6 % to 3.25 Lake Co 5s Road '38-'49_F&A 2.00 River Forest S D No 90 42*8 1938-1944 J&D 6 1.50 67 64 4s 1956 opt 4s 1956 opt I 3 -50 % to % 3.25 % to 2.75 % to 4 00 % -|2.10 1.50 to 1.90 % A&O 6 2.00 A&O 6 2.50 to 3.00 % 6 Basis. / Flat price, k Last sale, to 2.40 % n Nominal. : STATE 94 Yield Basis (City)— &o „ ,39-,47-J&J 1 '41-J&J 4Kb Sch Une 15'40 J&D15 b 1.50 1939-1955----.-J&J 1939—J&J Indianapolis S D— 4s Blag Sept 1 1946—J&J 3 Ms July 1 1941 J&J b 1.50 Track Elev 2.75 4s Fire Dep J'ne 4 Mb 2%00 1.76 to 2.75 I50 3 Ms Oity Hall 2.25 5s Oct 20 1938-39--A&O b 1.50 So Bend 4Mb W W '43-M&N to 2.25 M&S 1939-1948-F&A b 2.00 to 2.75 % 5s 5s 5s 5s 5s 5s 5s IOWA As 1938-1942J&D b 0.50 Jedar Rapids 4 Ms'4{P53M&N b 2.50 1.40 Clinton Go 2 Ms 1942.-M&N tig to 1.10 2.90 to less 1 4Mb 4Mb 1.00 1.25 1.00 1939-1940 M&N 1940-1941——M&N 4 Ms W W 1938-42—.J&D 6s Gen Oblig 1938-40--J&J Des Moines lud S D— 0.75 1.00 to 1.50 4Mb Sept 1 1945--—M&S 4Mb 1944 ----4s Sept 11945 —M&S Fort Dodge 5s Fund '39.A&0 Lee Oo Prim Road 2MS-1948 2.30 less! 2.20 lessl^, 2.25 lesslM 1.00 less 1 2.15 less 1 0.75 to 2.10 Lyon Co 2Mb May 1 1938-47Marshalltown Ind 8D—„ 5s Oity Hal) 1938-39.M&N b 0.50 Marshall town— 4 Ms Water 4Ms Water to 1938-42 —.A&O b 1.00 1943-44. A&O b 1.85 b 0.75 6 1.00 6s Ref Aug 151940—F&A15 6 1.25 4M8 Sewer 1938-47--M&N 6 1.00 2Mb 1938-1956 J&J b 0.75 1941-.J&J 6 1.30 Woodb'y Oo Fund 2Ms'42-,46 6 1.40 2.10 to 2.10 to 2.50 1 2.50 2.25 less to to less to Soldiers' Compensation Bonds 4HS. 1938-1952 J&J 6 0.25 4s. 1953-1954 -J&J Crawford Oo 4 Ha 1939. ho 0.60 — 107M 108 Boston— 101M 102 to to 2.25 108 M 104 H 103 to 3.25 3.00 6 101H 6 0.25 to 3.25 6 3.25 to 6 3.50 to III V 2.15 2.20 30 2.15 1.10 2.00 2.20 %" 6 3.30 to 3.50 6 3.50 to 3.60 % 6 1.25 to 3.40 2H April 1 1938-1957.... 2 Ms Sept 11938-1956.M&S 2Hs 1938-1955 J&D Metropolitan District— 2Hs ser A 1939-58—M&S J&J 58 July 1968 J&J Red River A & B B District— 5s 1950 Series B A&O 5s Mar 1953 opt 1943.M&S 5s 1965 Series D—F&A 102 to 102 101 104 104 104 H 105H 105 H 105 H 105M 104 to 3.10 % 3.80 % 100M 102 106 107 106 108 106 104 109 1 109 III 106 H to 3.60 to 3.55 to 102H Augusta—4s Oct 15 193S 6 0.75 103 Wks Sept 1 IS 103 M 103 1 % % % Louisville—5s Sch 1962.-A&O 4 Ha Hospital 1951 M&S -J&D F&J Sewer 1969 J&A, 4s Sewer 1947 F&A 6 4s Lou W Oo 1950-F&A b 4s Sewor 1965 —F&A b 4s Jan 1 1970 ^J&J 6 3Hs Ref 1943 J&J b 3s Sew & Park 1941—-J&J 6 Owens boro—5s Sewer--J&D 6 Paducah— 4Hs w w 1938-1970—A&O 6 Warren Co—4 Ha '39-'59 J&J 6 Funding 1938 4s Funding 1948 _ico 4s April 1939 Portland J&I J&I ..A&C 6 1 25 to 2.00 °7c 3.25 6 0 75 to 2.50 % to 1.00 % Dist— 1938-1950--- —M&I Waterville 4Mb 1940-50 2.75 1.75 b 1.00 2.40 0.75 % 2.30 6 2 00 1.50 % '• % 6 1.00 6 2.50 6 1 00 3.50 % to 3.50 % to 3.00 % to MARYLAND 2 95 6 0.50 6 0 50 to 1.20 20 to 2.10 1.55 to 2.10 6 0.90 6 2.60 to 2.10 6 0.50 6 1.60 Annapolis 4Hs W W '4* 1 % to 2.80 3.00 4s Jan 1 1942-1956 6 2.50 to % to 2 % *39 '54 tax-ex. 0.50 4s July 1 1948-50—J&J 6 2.50 „ 4s 1938-44 (tax-ex) F&A 6 0.25 Waltham 3Ms 1938-45..F&A 6 0.50 4s 1938-1960 ..F&A 6 0.40 lMs 1938-1947 F&A 6 0.25 Parks ho 4s to 2.80 to 2.70 % tp 1.90 1.80 to to 2.25 to 1.75 Water District— 4 Ms 1939-1953 F&A Wellesley (Town) 4s Mar 1 1939-1946 M&S Winchester 4s 1939-1943 A&O Worcester 1 Ms Apr 1 *38-*46MEXICO 6 0.50 Ann Arbor— W W ref 4Mb 1938-1948 J&J to 2.50 6 0.40 to 1.90 6 0.75 to 6 0.40 to 1.60 See Foreign Govts page 93 MICHIGAN 1.75 5Ms July 15 1941 .J&J 15 1.75 oHs Oct 15 1941. A&O 15 1.75 5 Ms Highway 1941 J&D 1.50 5s Highway 1940 J&D 4Hs Highway 1943 ...F&A 6 1.60 1.70 4M« Highway Impt 1944 A&O 1.75 4s Highway Impt 1942._A&0 1.75 less less less less less less less 1.50 to 2.25 6 2.00 to 2.15 Sewer 1938-40..M&N 6 1.50 Battle Creek S D— to 2.00 .F&A 6 1.50 to 2.50 1938-1951 ...M&S 6 1.50 to 3.25 4Hs Sewer '46-'51-'56-A&0 6 3.60 to 3.80 Battle Greek- 4Mb 1939-1949 w w Dearborn Detroit— 48 1 4Ms._ 4 Ms 6 0.50 to 2". 75 ...... Ibo J?25 2.40 - 1955 2.40 2.50 — School 1938-1939— 1945-1971 6 0.50 6 2.00 to 0.90 to 2.50 to 2.60 non-callable.. Water 4s 2.10 r 62.10 6 0.50 4s less to 2.00 ...... registered 1946 4Hs Mar 1, 1939-'55_. 4s Aug 1, 1951 4s Mar 1, 1961 6*2.75 to 2.50 5s 4s 5s series F Mar 15 1943— % to 1.00' 5s 4s Annex 1954 1 i 4Ms 4MB Refunding Water series D3 Ms Oct 1 1951-1961 3 Mb Oct 1 1938-1950 3 Mb Oct 1 1948-1950—— 4s July 1 1938-1947 Street railway 4Hs.._ Refunding 3 Hs f57-'62 J&D Refunding 4s WSO-J&D General & Street Rallway3 Ms Oct 1938-59 83 85 86 86 6 3.95 6 4.00 163S1M lesslM 6 3.75 lesslH 61.00% to 98 6 1.00 6 5.00 to 3 88 _S9 89 91 97 H 99 H 6 3.90 3.75% 6 5.00 6 5.00 100 .60 % lesslM lesslM lesslM •Less 1M on bid side, 3.70 6*1125 "Too t Less 1M ou bid side 6 J°65 % 3Hs Impt 6 Basis, 2.40 to 1.90 to 2.55 5.00 1940. f Flat price r Less 1 on bid side to 1.40 X 6 4.00 6 5.00 Genera) 3s Oct 1 1959-62 Water 2Mb Oct 1 1938-62.. 6 1.00 Refunding 2Mb 1951-63 J&J 6 5.00 2.00 3Hs Jan 1 1957-1961 State Pension 5s Dec 31 1938 % 2.00 % % % Baltimore— 3.75 to to 1 6 0.75 1940-1952 June & Aug LOUISIANA to to 2.00 General 3 Ms callable (Long) 2.80 2.20 3.85 3.80 to 1.75 to 1.70 5 Ms 2%g c.tfs of indebt. 2.80 00 to 0.90 6 0.50 6 0.50 4Hs 1938-1942 4Hs 2 40 to 2.60 to 2.10 Bay City- Rd & Bdge '38-*40 2.95 2.95 2 95 2 35 4.U0 % 4 Ms 2.95 2.60 2.90 2.90 2.35 1.75 4 00 % to 1.00 3 Ms 1944-1946 Sewer 4s 4.00 3.10 2.40 Short Term Bonds— State Highway— 5s series A. B & 0 1940-1943 6 2.00 5s series A Mar 1 1943 . Portland Water District— 4s % Warren 2.75 % J& 3Hs July 1,1938 to 1939--. South 3.10 4 3.75 . 3.00 % 6 3.00 Portland— 4s O H '38-'45 tax ex—A&_ 6 0 75 Portland Bridge Dist (taxable) 3 30 3.05 3.10 3.10 1952-1958 2.05 % Springfield Brewer High Sch Dist— Kennebec Water District— 4s Ref May 1, 1950—M&: Old Town Water District— 4s July 1938-1939——J& to Somerville— % % 2.00 % to % % to 3.15 to 1.75 Salem 4s Jan 1 to 2.00 102 6 0 75 6 2.50 6 1.00 % to 1.75 Quincy 3Ms 1938 to '39—A&O 6 0.40 % % % to 2.75 102 6 4.00 to 3.15 exempt) M&N 6 0.40 Pittsfield— 4s Dec 15 1938-1944—J&D 6 0.40 2s Dec 1 1938-1955—J&D 6 0.30 2.00 % to hs 1.60 3.30 to 2.90 (tax-ex) F&A 4 Ms 1938-'43 (tax-ex) _A&0 6 0.50 New Bedford— 4s Sewer 1938-1941 (tax % Co 4 Ha School Jan 1 1939-69- 6 3 50 Henderaon County— 4Mb R&B Oct 1 *38-'56 A&O 6 4.20 Lexington—4s 1945 F&A 6 2.90 5s 8 D 1938 2.25 J&D % 6 1.00 1939-'50 Medford— 3 Ms 1938-1942 tax-ex.M&N 6 0.50 Needham % 108 6 0.75 3 30 to 2.30 _. to 3.40 4s 1938-1940 tax-ex.-. 3 45 3 45 A&O 6 2.00 1946-1949 Lynn—■ 4s '38-'39 (tax-exempt) M&N 6 0.50 4s 1940-51 (tax-ex). M&N 6 1.10 Maiden 4s *38-'44 (tax-ex) F&A 6 0.50 110 to — % to 2.20 School 4Ms 1938-41..-J&D 6 0.50 mtmm to 3.45 b 0.30 LiOWfil 1 108 to 3 45 t to 1.80 Holyoke— — to 1938-1945-—M&: Oct! 4 Ms Tensas Basin Levee District— 5s Jan 1957 July to 2.60 ... 4! 00 5s Dec 1, 1938-1969--J&D 6 2.00 4Mb W W & Sew '38-'54J&J 6 1.00 4Hs May 2.1938-67-M&N2 6 1.00 4s to 2.65 to 2.60 „ 3 Ms May 1 *45 (reg)_M&N 3s Bridge 1941_F&A Chelsea 4s 1958 —M&S Everett 4s 1941-1956 J&J 62.00 Fall River— 4 Hs 1939-1941 _M&S 6 0.50 4s 1938-55 (tax-ex) ...M&N 6 0.75 Franklin (Town)— 4 Ms 1938-44 —M&N 6 0.50 % 3.85 3.80 % to 2.60 4s to 102 3.00 i 102 % 102 2.30 to to 3.00 4s 1938-1947 tax-ex...A&O .75 2.30 1 00 1.90 1.75 1.00 2.30 2.25 4^8 1 *42, '47 & '52M&S b 3.95 Bowling Green—5s 1955.J&J 6 3.90 Oovington— 6s W W Jan 15'39-'61 J& J15 6 3 60 4Mb Fdg 1938-48 F&A 6 3 60 AH* 1938-1950—A&O 6 3 60 4MB WW 1939-51.—J&J 6 3 60 4s Fdg 1952 opt '42..F&A 6 3.50 2.25 to 3.00 Brockton— --- to 2 101 6 0.75 , MAINE 5s H'way & Bdge '38-'54-A&0 b 0.75 6 0.75 to 1.70 % t 0.75 0.60 6 1.50 to 2.20 % 101 %°50 2Hs Oct 1 1938-62—A& 6 0.30 Braintree—4a 1938-1941— J&J b 9.30 2.15 % to 2.15 % 101H 3.45 to 3.10 to 3.00 103 X Shreveport— 4Hs &> 3.40 3.40 b 1.00 } to 103 102 X 102 X to 1.10 6 0.30 2 Ms ser B 1939-62—-J&J 6 0.75 2 Ms Dec 15 1938-1960--- 6 0.30 % 107M 102 M 101 H % 3.60 3.30 3.60 6 1.00 Y 104 101M 101M - 4Hs J&D 3Hs Junel 1944 ..J&D 3 Ms July 1 1945...—J&J 6 0.50 3s April 1 1938-1957 „ to 3.25 6 1.50 102 M to 1.90 3 Ms Junel 1943 3.50 3.60 6 0.75 4Mb Ref 1965 4 Hs Jan 1 1970 4s Sub 1958 tax-ex J&J 4s Tun & Sub'59 tax-ex.J&J 3 Hs 1938-1951 M&S 6 0.50 Auburn— 102 1.70 % Cambridge— J&J J&J ♦4Mb 1938-1961 A&O ♦4Mb Sept 1. l938-'68-M&S 4Mb Non-callable 1952 J&D 4s Wat V 'ar to 4s Tunnel & Sub 194S.J&D 4s Sub 1957 tax-ex. A&O I" 94M KENTUCKY Bridge Revenue Refunding Project No 1 July 1 '50 J&J Project No 2 July 1 '50 J&J Project No 3 July 1 '50 J&Ji Project No 9 July 1955 J&J Project No 8 July 1 1945 Project No 10 July 1 '50 J&J Project No. 11. 1952 Project No 12.1947 Project No 13 1953 Project No 141945— Ashland— 2.25 - 6 0.75 6 1.10 6 0.30 4Mb Sept 11981M&S 4 Xs Tun 1960 tax-ex- A&O 4Xs Dec 1976 J&D 4s 1938-1939(tax-ex-) .J&J 6 0.50 - 6 0.75 6 0.60 to to 1.20 — — 6 1 25 - Orleans District— 5s July 1938-1939 5s July 1940-1949 5s July 1950-1959 to 1,75 _ 101 1942-1964-M&S 6 2.80 1 0.25 2Mb reg July 1 1938-67— 2.75 % 102 X 6 1.25 5s Oct 1952 A&O Pentchartrain District— 6s 1944. M&N % 2.60 % to 2.10 .10 1.30 1.50 0.75 1.20 6 1 Hs Pub Wks.-Septl5*38-'40 0.25 Is Pub Wks Feb 151939-41 6 0.30 Arlington Plaquemine Parish E Bank— 2.50 % ... 6 0.60 6 0.60 105 H 107 4s'38-'42(tax ex) J&J Beverley— 4s 1938-1945 (tax ex)-M&N 2.40 — Sedgwick Co 4 His 1940 Shawnee Oo 4Mb 1944 Topeka 4Mb 1948 Topeka S D 4Hs Mar 1 '39-'46 Wichita 4Hs 1938-46—J&D Wyandotte Oounty— 4M« Bridge '39 to '41-F&A 4Hs 1939 J&J 4 Ha 1940-1945 J&J 109 0.60 Leavenworth— 4Hs Water 1939-1947-J&J b 0.70 Leavenworth Oo 5s 1945 105 H 105 H 107 H 107 H 108 1.70 2.00 to 2.60 to 2.05 is Water 1942 J&J js gold July 1944——-M&S gold July 1 1939 _J&J 104 104 H 106 H 106 H 107 107 M Orleans Parish Sch Board— 5s 1938-1944 —J&D 6 2.00 5s 1945-1967 -J&D 6 3.90 0.60 to 6 0.25 6 0.25 District— 3 Hs July 1 1953-1968. 4s July I 1940-1952 2.00 % — MASSACHUSETTS „ %' 106 102 H Orleans Levee Hutchinson— 4H« 1939 — Kansas City 5s 1942 F&A 4Mb Wat & Light 1944-J&J 4Hs Wat Plant Pur '39. J&J 4Mb Imp July 18 '49—J&J Board of Education— 4Hs 1939-1953 F&A b 0.60 4Hs 1938-1953. J&J 6 0.60 0.60 Sch Dist 4 Ha 1939-'54J&J — T1& 103 X 107 1 to 2.40 I 108 _ 4s 1939-1945 A&O 4s 1946-1956— A&O 4Hs serial gold 1939-45 4 Hs serial gold 1945-60— 4Hs serial gold 1961-80—Sewer and Water— 4Hs 1939-1945 J&D 4Hs 1945-1960 J&D 4Hs 1961-1980 J&D 4s 1939-1950 J&D KANSAS Saline Oo 4Ha 1945 A&O 15 A&O 15 F&A 15 1957-1967 1959-1969 1972 4s Mar. McPherson 4 Ms 1945 Reno Oo 5s 1941 J&J J&J '52.A&0 1 1939-1968 M&N 6 2.00 to 3.70 % Washington Sub San Dist— 104 3Hs Wat & Sewer '87-M&N 102 3.50 4Mb Sewer g 1973—..J&J 6 3.60 6 3.70 5s i960 3.60 % Public Belt Bridge Rev— to 1.65 to 3.60 to 3.50 4Hs 1939-1944—-A&O 6 2.25 4Xa 1945-1966——A&O 6 3 40 to 3.90 1.00 to 3.45 2.50 2.80 2.20 5s Water 1938-1987—A&O b 1.25 4 Hs 1938-1987 A&O b 1.00 104 4 Ms ^ Sac Co 2Mb May 1 1938-47— Sioux Oity 6s '88-4TF&A15 Sioux Oity S D 5s to iosm Net HZ Montgomery Oo— 103 5s Jan 1954 opt 1944 J&J 5s 1956-1970 A&O Lake Borgne Dist Levee— 5s Dec 1952 opt 1942-J&D New Orleans—Public Belt— 6s 1939 44 opt 1939-J&J 1.25 to to 1.40 3.40 to 1.75 Des Moines 5s 1938-'57—J&J if 3.55 96 102 H 103 Ask Baltimore—(Cont.) 3 Hs Refunding 1952 J&J 3 Ms Sewage Impt '80-A&O Cumber'd 4Mb WW '41-A&O Hagerstown— ' 1 108 1950 opt 1940 1952 opt 1942 Oct 15.1962 op Oct 15,1963 Lafourche Basin Levee— Davenport Indep Sch Dist— 3.50 3.45 Bid Bonds Oaddo District Levee— 5s 1951 opt 1941 ——J&J Fifth District Levee— 8outn Bend School Oitv-~ Impt State Highway— 4Hs series D & E 1944-55— 6 3.60 5s series F Mar 15.1945-48- 6 3.55 5s series K July 1,1947-49-,- 6 3.65 95 H 3 Ha series R 1941-60-J&J 3Hs series Q 1941-60-J&J 102 4s ser S 1941-1957 J&J 102 3 Ms series S 1958-1960-J&J 100 M State Pension 5s June 1,1948- 6 3.60 Oapital Bldg 4Hs Aug 15, *52 6 3.55 To or Net Ask Atchafalaya Levee Dist— 5s Sept 1938-1972 M&S 106 H 104 5s Dist ref & imp 1949.M&S 2.00 Baton Rouge—5s *39-'54 M&S 6 3.50 1.75 50 Bossier Dist Levee 5s '54-A&0 104M . 4Mb To , a 3.25 % 1942-1956—J&J30 b 2.50 Indianapolis— 5Hs 1941...' or Bid Long Term Bondsto 2.25 ---- _ Yield Basis Yield Basis M Bonds Net Ask Fort Wayne School Dist— 6 1.50 5s Oct 1 1938-1943 Gary Sch City 4 Mb Oct 1943- Hammon 4s O H day of the month preceding the date of issue To or Bid Bonds BONDS MUNICIPAL AND Quotations for all securities are as near as possible for the closing Refunding 3 Ms 1939-50 J&J 6 5.00 less!H 2%60 lesslH to 3.70 lesslH April, 1938] and state municipal bonds 95 Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue Yield Basis Yield Basis To or Bonds Ask Bid Flint 4*i 1938-54—M&S 15 is 5s (Mai 1 & Apr 1) '38-'50Jar Flint Union School Dist— 6s 1939-1954 M&S 4*s Mar 1 1939-1939 Grand Rapids— 5 2.00 to 4.00 b 2.00 to 4.10 6 2.00 to 4.00 b 2.00 to 2.25 3*8 Sept 1 1938-1940 M&S 6 1.50 3s Sept 1 1941-1945.-M&S b 2.10 Grand Rapids School Dist— 4*8 1938-1943 M&S b 1.50 Highland Park— to 2.10 4*s April 15 1957 6*s May 1 1941 4*s School Nov 1 1954 b 3.70 b'2.00 4*a 1938-1945 . to 3.00 % less 1 to 4.00 % 4.00 b 2.00 to 3.50 1.00 to 2.25 1.50 to 2.75 2.50 —M&N less 1 Lansing— 4*s 1938-1946 J&D Muskegon 4*8 1939-44—J&J Muskegon S D 5s 1942 July % Pontiac— Refund 4-4 *s 1964 opt 1937 4*s School June 1 1955 Port Huron 4 *s 1942 4.25 2.50 8agtnaw—4*8 1938-19—F&A 3*s Sewer 88 85 less 1 less 1 1.00 to 3.00 1.00 1938-51...J&D to 3.00 Wayne County— Covert roads 1.50 to 2.50 Voted bonds - 1.50 to 2.50 % 4*s Airport April 1 1948-. % 3.20 MINNESOTA 3*sJuly 151943 J&J b 2.10 4^s Dec 1 1939 J&D b 1.25 2* trunk h'way '47-51—M&N M2.15 1.85sRuralCredItctfs 1941 2s Rural Credit ctfs 1942 Duluth— 4*s 1938-1947 4*s 1938-1942 4s b par 100 J&J 0.75 less 1 less * to 2.20 % to 1.60 101 to 2.50 M&N 0.75 to 2.25 J&J 0.75 to 2.40 1938-1946 Duluth Ind School Dist— 5*s 1938-1940 A&O b 0.75 to 2.40 Hennepin County— 6s M&N 5*9 Bridge 1P3840-M&N 4*8 Sanitorium '38-'42 J&J 4*s Hospital '38-'41_M&N Bridge 1938 40 4s 1944 3*8 to b 0.50 to 2.00 b 0.50 to 2.25 Funding b 0.50 to 2.00 4s opt 2.60s 2*8 2.00 M&N b 0.75 A&O b 1.00 1939-1966 1939-1947 M&S b 0.75 M&S b 1.10 M&S b 0.75 2 *c 1940-1967 2.30s 1938-1947 2 20s 1942-1959 J&O b 2.10 A&O b 0.75 2s 1938-1946 1.90s Oct 1 1938-46.. .A&O b 0.75 to 2.75 to 1.70 to 2.35 6 2.25 A&O 6 0.75 J&D 6 0.75 to to 3.00 2.70 3.40 3.40 3.40 3.40 6 3.75 6 3.75 96 % % 103 % % % 4.25 6 4.25 4.00 Manchester— 4s 1938 1940 6 4.25 4.00 6 4.25 to 3.15 % %. 6 4 .50 3.50 6 4 50 6 4.00 350 3.50 F&A 6 4.25 NEW Bridge 4*s 4*s 4 *s 4*s 4 *s 3.75 to 0.30 6 0.85 to 2.00 2.00 to 1.70 to 1.90 .M&S M&S 1 0.30 0.70 Buchanan Ret 3s .J&J,6 1.80 2.50 to 2.15 to 1.40 to 2.15 i t to 1.20 % to I to 2.60 % o5 % J&J 6 0.60 1939-1950 J&J 1938-1950 J&J15 1949 J&D Road 1939-1952.-J&J 4 *s Court h'se "39-'52 J&J Joplin (School District)— 4*s 1943-1948 t Less 1 on to 3 .001 % 6 0.50 6 0.60 to 3.10 6 0.50 to to % 3.10 % -.-12.90 6 0.50 6 2.25 bid side > 3.151% to3.15(% to 2.80,% /"Flat price 1.20 1.20 1.40 1.60 4*sseries A of *27 July 1944 4b ser B of *27 July 1950 Soldiers Bonus 5s July 1941 Highway Extension— 4 *8 D of '20 Jan '54 opt "39 4 *s E of '20 July '54 opt *39 4*s F of '20 Jan '55 opt '40 4*8 A of '24 Jan '55 opt '40 4 *s B of '24 July '55 opt '40 4 *s C of'24 July '56 opt '41 4*s ser B oi'30 July '38-'e7 6 0.30 3 *s ser C of '30 Nov *38-'69 6 0.50 n 3*8 ser A 4*s series 4s series C 2*s series 1.75 2.25 1.20 0.70 0.70 1.00 81 b 1.75 113* 1.25 mmm 3.00 % 116 to 1.75 to 3.20 3.50 1.25 to 3.10 1.75 to 3.65 1.50 to 3.60 1.75 to 4.00 1.25 to to 3 I60 75 101 to 3 10 to 2 60 % 3.00 3.10 % to to 4 .10 % to 3 .50 % 4.00 to 4.75 % to 3.75 to 3 .30 to 2 65 to % % % 3.75 3" 60 % to 4.75 to to % 4.75 % 4.60 % 4.25 4.25 to 98 % 98 to to 94 4.25 to 4 10 90 1.50 to 3 80 1.50 to 1.75 83 to % 3.60 % 4.10 % 4 50 72 J&D15 b 1.25 77 to 3 00 % A&O 1.75 Middlesex (Borough)— 3*s 1939 to 1967 J&J Middlesex County— 4*s Road 1939-1944—F&A Imp 3s Nov 15 1938-1948— Monmouth County— 4*s Mar 15 '39-'50—M&S 4*s Rd & bdg '38-51F&A15 Montclair 4*s Sch 1941.A&O 4*8 High sch bldg *44. J&D Morris County— 4*s 1942 opt 1922 J&J 3*s 1939-1949 J&D15 b 3 00 to 4.00 b 50 b 1.50 2 75 % to 3 10 % b 2 00 b 2.00 to 3 1 % to to 35 % 3.35 % 1.75 2.50 1.25 b 1.25 to 2 60 J&D 6 2.00 to 2.60 % Morristown— 4*s 1938-1942 4s 1938-1969 M&N b 2.00 1.00 to % 3.35 % Neptune 4*8 1940-55—F&A 1.00 ISToWftflr—— 1.2p 6s 4 75 M&S b 2.25 1939-1972 to 4.75 % % % 4.40 % 4.10 to 2.75 5*s Oct 15 '38 to'59 A&015 b 2.25 to to 2.70 5s 1938-1958 to 4.40 6 0.30 to 2.70 4*8 1938-1983 4*8 School Dec 1 '45. 6 0.30 to 2.75 6 0.70 to 2.70 6 0.20 to 2.60 0.70 to 2.20 0.20 to 1.20 Construction— July 1938-1966— B July 1938-07— April 1939-69 D May 1938-70. Emergency Relief— 3*s Jan 1939-1941 5s May 1938 to 1941 4*s Nov 1938 to 1941 3*s Mar 1939-to 1942 3*s May 1938 to 1942 2* Jan 1939 to 1943 Ed Aid 4*sser A Jan 1939-42 Nominal. 77 % % 100 J&J 3*s April 1941 1.00 — % to 4.05 Long Branch 5s 1943 M&N Lyndhurst 3-5s 1938 57—J&J Maple wood (Township)— 4s 1938-1967. Mercer County— 1.20 1939—— series D Jan 1940 series E July 1940 series F Jan 1941 series G July 1941 4s series H July 1942 4s series I July 1943 Institutional 4*s 4*s 4*s 4*s Pp'tf*. 2 .10 to County— 1943-1956 Jackson County— 4s 1938-1951 I to b 3.60 — 1.00 1.00 % to 4.25 Co— 4 *s Bldg&Rd'38-'45 J&D20 b Hackensack 1.00 0.70 1.70 % to 1.65 % t- 87 b 2.00 School 1938-1974—A&O Lodi—5s 1939-1947 4*s *s 4*s 4*s to to 4*s Water 1938-70-J&D 15 4*s Sch impt '38-'52_J&D 5*s 1938-1970 J&D JERSEY bonds— Series A July 1938 Series B July 1939 series C Jan 1940Series D July 1940 series E Jan 1941.—— 4 to 0.75 to 90 92 to 2.30 6 0.75 6 0.80 Road Bonds— 2.15 4~20 %' 95 b 3.00 % 100 2.15 to 2.20 4 *« series C July _ to b to 1.50 6 0.80 3.50 1948-1950- —M&S 4*s 1938 & 1939 A&O b 0.40 4*s 1,943-1946 M&S 6 1.50 4s 1943-1947—. M&S 6 1.40 4s Road 1944-1948 A&O 6 1 60 4s Nov 1 1948 1952 M&N b 2.10 3*s 1948-1952. J&J 6 2 00 4*s Road 1938-1942 6 0 60 3s Road 1953-1957 J&D 6 2 10 3s Building 1939-1941 ——J&J b 0.50 3s State Bldg 1940-44--.F&A b 1.00 b 2.50 1.15 % 3.50 Road 4.10 % Keansburg5*8 1938-59.M&N Kearney— to 2.80 3.50 4*s %: to to 2.10 6 0.75 J&J 6 3.75 4s 1952 ODtlonal 1922—J&J 6 3.75 MISSOURI to 3.00 b 2.50 to 1.75 3.25 % M&N 6 3.75 4*s July 1949 % 1.20 to % % 3.50 1941-1945 to 4.00 1.20 6 0.75 to 2.80 to 2.75 4 00 4 to b 2.50 b 2.00 4*8 1942 F&A 4*s Imp 1939-1942-J&J b 2.00 6s 1939-1954 _F&A b 2.25 3s 1938-1966. M&S b 2.00 Hoboken—4*s 1940 J&J 5s School 1939-1954— .J&J b 3.50 Hudson County— 4*s 1938-1978M&N15 b 1.25 4s g Tark 1954 & '59.M&N b 3.20 Hunterdon County— 4*s Road & bldg '39-'46J&J b 1.25 Irvington 5s 8chool 1963.J&D 4*s 1938-1959 J&D 5T.50 Jersey City— 5*s 1942-1953 ...A&O b 4.25 5s 1938-1969 A&O b 3.00 4*s School 1938-58—.J&D b 3 .00 4*s School 1945 J&J 4*s Water 1961 A&O 4*s 1938-1967 J&D 3 00 4s Refunding 1949 95 F&A 4s July 1 1938-1953— 2.75 Gen ref 3*s '39-'54—F&A 3.00 3*s. 1938-1956 J&D 2.75 4.00 6 4.25 103 % 1.25 b 1.25 Gloucester to 2.50 HAMPSHIRE July 1938-1948 —J&J 4s June 1938 ...J&D 4s Highway 1938-1943 —M&S 4*8 Highway 1938-1943.J&D 100 —J&J 6 4.00 1938-19.54 J&J 4s Yazoo-Mlss Delta Levee Dist5s to 3.00 2.80 4*s 1938-1955 Jackson— lino 193848 -J&J 4*8 1942 J&D 4*s '38. '40 '42.'44. M&N Keene 4 *s 1938-1942—. M&N Non-callable bonds 98 Greenville 5s fund '43-'50 F&A 6 4.50 5s Pub % Concord— Callable bonds 6s July 1 1953 Vlcksburg— ° 1.25 to 3.25 2.40 NEW 6 3.75 6 3.75 to 1.75 2.70 J&D MISSISSIPI 3.35 % 3 00 1.59 5s 1948 3.75 to Omaha SD 4 *s Mayl'55M&N York School District— to 2.90 % to to to 2.85 less 1 6 0.75 to 2.50 A&O b 1.25 M&N 4*8 May 1 1956 % 1 4*s 1939-1960 M&S 15 b 1.00 4s Hospital 1946 F&A Essex Fells (Boro)— 5s July 281938-1960 b 1.50 Fair view—58. 1944 98 J&J Glen Ridge— 4 *s Mun Bldg 1938-70 F&A b 1.25 Gloucester City— 4*s 1938-1966 _J&D 88 5*s Water 1939-1963.M&S 88 '41J&J 4 *8 Wat wks Dec 15 50 3.50 5s 1938-1944 Essex County— 1 Omaha— .15 1.25 1.25 1.25 1.25 to 3 to less 4*s 1938-19.53 M&N 6 0.75 5s *38 43-F&A 6 1.00 North Platte Sch DiBt— less 1 % to 4.10 to 4.10 to 1.40 McCook Fund to 2.25 2.UU 2.00 2.00 2.00 to 1.20 less 2 to 2.30 to 3 to 4.15 1.00 to 2.40 4*8 1938-1959 2.00 1.40 to 2.20 Lincoln School District— less 1 5.00 100 4*s 1938-1957 A&O 5*s Dec 1 1938-1946.J&D 6s 1939-1972 J&J Englew-ood— Beatrice - D 5s 1939-54._F&A 6 1.00 Dakota County— to 2.30 to 87 Elizabeth— bonds— '44, 1938-53-.--J&J 6 1.00 nebraska to 2.35 1938-57-A&O 6 93 6s 2.70 to 2.35 4*s Bridge 3 5*s Sewer 1939 J&J 6 4*s Wat & Sew '39-'50-J&J 6 1.50 2.30 to 84 Audubon (Boro)— to 2.70 to 53 78 1 to 2.30 6 3.10 5*s Impt 1939-1946 M&S 4Hs May 1 1939-50 4*8 Impt 1953 J&J 4*8 Flood 1938-53 A&O Biloxi 5*8 1938-1943—A&O i 51 Atlantic County— i b 0.75 4*s Sewer July I '43..J&J 4*s 1939-1959... J&J 4*8 School House 1941 J&J Mississippi Levee District— 5s May 2 1944 M&N to 3.25 to 2.60 A&O 6 0.75 5s School July 1 1951—J&J 6 2.90 5s Gen'l irapt 1939 62—J&J 6 0.75 5*s 1938-1954 A&O 4*s Jan 1 1939-1952 4*s 1938-1952 M&N Jones Co 5s 1938-1942 M&N Meridian 5s Dec I 1939.-J&D 3.05 to 3.30 0.50 4s Bridge Rev 1957 J&D Douglas County— 5s Highway 1938-46.-A&O 6 .100 Uoldrege S D 5s 1938 55.J&D 6 1.00 4*s W W 193842 1938-19612.60s 1938-1957 to 0.50 b 0.75 July 1 1951.—J&J 4s 0.50 Ask 66 66 2 *-4 *s Jan 1973 Water 5-4*s Jan 1973 % Great Falls— to 2.15 Paul— 6sschooI 3~ 00 b 0.75 — f'.n to 0.60 b 0.75 2*s 1938-1947 F&A 4*s 1938-1950...-. F&A 4*8 Rd & Bdge '38-'44M&N 4*s Rd & Bdge '38-'43 J&D to 3.75 - 6 6 6 6 6 6 Daniels Co 5*8 1939-42--J&J 6 4.25 6s 1941 opt 1940 -J&J 6 4.00 Ramsey County— Bt 6 0.75 &0 Highway debentures— 4*s Dec 31 1939-40 4*s Dec 31 1938-39. to 2.75 M&N f M&N f . . MONTANA ..A&O 1938-1941 -..J&J 1950- 6 Bid July 11938-1944 0.60 to 3.20 SD 4*s 1939-55 M&S 0.75 to 2.90 Bavonne—5s 1939-1949-J&J 6 2.75 to 3.00 4*s 1938-1955 F&A 2*s 1956-1975 A&O 6 2.60 to 2.90 % 4*s School 1938-66—F&A Kansas City S D— Belleville 5s 1938 & '44.M&N 1.70 to 2.80 % 4s 1941-1951 J&J Belleville S D 5s '38-'44 M&N 1.50 to 2.85 % 4*s 1940-1950 J&J Bergen Co— 0.50 to 2.90 5*s Dec 1 1938-1942.J&D 4*s 1939-1950 J&J 5*s Dec 15 1938-60.J&D15 4*s 1946 J&J 1.75 6s Dec 15 1938-1955.J&D15 5s 1941 J&J 1.60 to 2.70 3*s 1941-1951 J&J 4*s 1938-1939 A&O 4s Court Hse 1938—_A&0 2*s 1945-1955 J&J 2.10 to 2.50 St Onarles County 3*s toll Bloomfield— 99 4*8 1938 to 1969—.J&D 15 bridge series A—July 15 *56 0.60 to 2.25 % St Joseph 4*s l939-'45—M&S Bogota— 2.90 4*8 1938-1946 Refunding 4*s May 1 1951 ..J&D 1.25 Bound Brook 4 *s *38-'42 J&D St Joseph S D 4s 1940 St Louis 4*s Public bldg & Bridgeton (City)— 4*s 1938-1958 J&D impt 1938-1943 J&J 6 0.60 to 1.75 0j60 Camden—4*s 1939-1939 F&A 1.10 to 2". 2 5 % 5*s 1938-1961 4*s 1940-1953 F&A F&A 0.50 to 2.10 % 4*s Water '38 to '60.M&N 4*s 1938-1948 M&N 1.20 to 2.10 4*s 4*s 1941-1948 M&N 1942-1969 J&J 0.50 to 1.00 4b 1945-1970 4s 1938-1940 M&N 1.20 to 1.90 4s 1941-1945 M&N Camden Co— 2.00 to 2.20 48 1946-1951 M&N 4*s 1938-1970 J&J 4s 1944 1968— 3*s Public bldg & impt 2.10 to 2.20 % A&O Cape May— 1.10 to 2.15 % 3s School 1940-54 F&A 4*s School 1939-1951.M&S 2.10 Cape May Co— 3s Refunding 1952 A&O 5s 2*s Public bldg & impt 1939-1940 M&S 2.00 to 2.10 % M&N Delaware River Joint Com 0.50 to 2.75 % Springfield 4 *s '38-'49—M&N Phila-Camden Bridge— 4*s 1938-1945 M&S University City— 0.50 to 1.90 % 4*s 1946-1973—....M&S 4*sl938-1943 M&N 1.75 to 2.25 % East Orange— 4*s 1942-1949 J&J15 4*s 1938-1969 ..J&D 5s Sewer 1939-1960 J&J b 0.50 Minneapolis— 5s 1940. 1943, 1945.1946. 1947. '48. '49. '50.. -J&D b 1.75 4*8 Apr 1938-1952..-A&O b 0.75 4*8 1938-1940 A&O b 0.75 4s improvement 1942-J&D 1939 1940 ——J&J 4*|s Various May 9 38-72 4*s Jan & July 1942—J&J 4*s 1939-1955 —A&O 4*s Airport 1938-54.-A&O 4s Airport 1938-1971— M&S 3*s 1938-1974 -J&J 3*s 1939-1974 F&A 3*s 1939-1955 A&O 3s 1954-1975 M&S 1 2.50 3.70 Jackson 4 *s 1938-47—A&016 4*s July 15 1955 Jackson Union 8 D— Water 4*s Bonds Asbury Park 0.75 4*8 1938-1953:; 0.75 4*s 1938-1970 1.25 Atlantic City— J&J 4*8 1939 or Net Ask Kansas City— 5s to 2.75 Yield rvisis To or Bid Bonds Net 0.59 to 1.20 0.70 to 1.40 0.30 to 1.40 6 0.70 to 1.60 6 0.70 to 1.49 J&J b 2.25 4 60 F&A b 2 25 to J&D 1959 opt 1949 97* 4s Pas Valsew'61 op 61 J&D 97* 4s 1938-1970 .J&D b 2.25 to 97 3*8 Track elev 19.54 —F&A 4s Sch . house 2*s Jan 15 1 939-76—.J&J b~2.25 to 3 4 00 90 % 96 STATE AND MUNICIPAL BONDS Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Yield Basis Bid New Brunswick— 4 Ms 1938-1957— Ask F&A 6 2.00 6 Nutley (School District)— 4Ms 1939-1942 F&A 4Ms 1943-1967 F&A 5Ms Nov 15 1938-39-M&N Ocean City—5s 1944 F&A 4 Ms Impt May 15 1938-'56_ Ocean Co 4Ms 1938-'50-J&D 73 73 to 3.65 to 83 76 6 2.00 to 3.70 to 2.50 Orange— ■ 4Ms Sewer 1938-1964.A&0 6 2.00 Passaic— 4Mb 1939-1940 ...M&S 6 2.00 . to 3.00 6 3.00 to 2Mb Dec 8 1938-87 J&D Unemployment Relief— 2Mb July 6 1938-1947—J&J General State Improvement— 2Mb July 6 1938-1962..J&J 1 Ms Sept 10 *38-46-M&S 10 Emerg Unemploym't Relief 2 Ms Sept 25 '38-'43—M&S 2 Ms Sept 25,44-,45—M&S 1Mb Sept 10 1944-1946— Albany County— 4Mb 1939-1960 M&S 96 to 4.35 ^ to 3.60 J&D 6 2.50 to 4.50 to 4.30 1938 1951. Pater son— 5 Ms 1938-1959 4 Ms Feb 1 1945 M&N 6 2.50 F&A 4Ms 1938-1967 A&O 6 2.25 Perth Amboy— 4Ms April 1944 93 4Mb Water 1939-64--M&S2 6 98 t 6s Feb 1939-1977 F&A 6 99 4 Ms refdg 1944 & *46..F&A 92 Plainfield 4s School 1959 M&N 4Mb 1938-1962 Various.J&J 6 1.25 Ibihwfltf—— to 3.75 to 2.85 6 2.00 to 3.60 6 2.00 to 3.25 6 1.25 to 1.50 4Ms 4Ms 4 Ms 4Ms 4 Ms 4 Ms 4 Ms 4 Ms 4 Ms 4 Ms 4Mb 4 Ms to 2.90 b 0.50 to 2.85 b 0.50 to 2.80 2.75 b 0.50 to to 1.90 b 0.50 to 2.60 6 0.50 to 2.30 6 0.60 to 3.25 6 0.50 to 2.40 6 0.60 to 2.15 J&D 15 6 3.45 M&N 6 1.25 to 3.35 to3.10 to 1.75 6 1.25 6 1.25 to 3.10 3.10s 73 Oct 15 to 2.90 to 88 to 3.50 6 3.60 3.40 to 3.40 6 1.20 to 3.35 6 1.00 to 2.90 6 1.00 to 3.20 6 1.40 to 2.90 Relief 193845-J&J 2 Ms Oct 15 1938-56—A&O 2.20s Jan 15 1939-47—J&J Sewer Authority— 4s 1940-1964 J&J 3 Ms 1940-1964 J&D to 2.75 0.75 6 1.20 6 1.20 1938-46.A&0 6 1.20 2.60% 6 1.25 6 1.25 to 3.30 6 1.00 to 3.20 6 2.60 to 3.60 6 2.50 to 6 0.60 to 2.80 3.59 Columbia County— J&J 6 1.25 M&S 6 1.25 J&D 6 1.25 J&D 6 1.25 to 2.50 4Mb 1938-1959 A&O Corning 5 Ms 1939-60 M&S Cortland Co 4 Ms '38-'51-J&J Delaware Co 4.20s '39-'52A&0 Dutchess Co— 4s 1939-1946 M&S 4s 1947-1954 —.M&S East Chester— 4MB 1939-1958 F&A Elmira— to 3.85 to 3.15 to 3.15 3.10 6 1.25 6 1.00 to 6 1.00 6 2.25 to 2.75 to 2.35 to 4.15 6 1.50 to 3.40 Union City 4 Ms 1938-'64.J&D 6 2.75 Union County— to 4.40 4 Ms Oct 15 1938-52 6 1.00 4 Ms Rd&Bdge'39-'47.F&A 6 1.00 4s Oct 11942 A&O 2.80s Gen Impt B June 1 to 2.75 City Hall 1939. 3.40 to 3.60 4s 1945-1953 4MB 1938-1968 Ventnor City— Refunding 4-5 Ms VIneland (Boro)— J&J 6 2.75 to 2.60 to 2.80 to 4.50 4s 1938 1951 88 5Ms 1939-1950 M&S 6 Westfield— 5s June 15 1938-60 J&d'& 4Ms 1938-1966 A&O 16 West New York— 4Mb Oct 1 1938-1968—A&O 6 5s School 1938-61 M&N 6 West Orange Gen ref 3 Ms 1940-1959 A&O 6 1.75 1.00 1.00 2.75 3.00 93 to 4.00 to 3.35 to % % 2.50 6 3.00 99 98 6 2.75 4MB 2.50 115 3.40 3.40 6 0 .60 6 2 .10 5s Jan & Mar 1946-1970 Highway 1963 M&S Canal 1964 Canal 1965 J&J J&J Highway 1965 M&S Barge Canal 1945 J&J Bonus 1938-1939—A&O Bonus 1940-1949 A&O to 2.65 2 .70 to to 2.85 to 4s Highw Imp Mar '62..M&S 4s due Sept 1 1965 2.55 2.60 2.60, 2 .70 15 1940-1955 / Flat price 2s Mar 1 to 2.15 to 2.85 to 2.80 to 3.65 7q 2.60 % 2.60 % 2 .70 0 .20 1 .10 1 .10 0.90 to 2.30 to 2.90 to 2.25 4 Ms to 4.00 No to 2.75 to F&A b 0.75 193 8-1960 1938-1942 J&D b 1.00 North Tarrytown— 4 Ms Water 1938-64—A&O b Par 4.50 to 2.80 Hempstead S D No 7— 4 Ms to 2.10 to 2.50 to 2.50 3.70s 0.70 to 2.60 to 3.30 Ossining 4M8 1938-42. __M&S 1.00 to 2.40 6 0.50 6 0.20 to 3.30 1.00 to 3.40 to 2.60 to 2.90 4Ms Water 1938-1969.A&0 Oswego—5 Ms 1938-46 M&N Oyster Bay Wat Dist— 4s 1938-1950 J&J Pel ham (T) Un Fr Sch Dist 0.75 6 0.75 6 0.50 to 2.95 . 2.00 6 1.60" to 2.75 2.00 6 0.75 6 0.75 to 1.60 6 0.60 6 1.00 to 2.00 to 1.35 |to3.75 to 3.25 to 2.75 to 3.40 to 2.50 92 95 6 0.75 to 3.75 to 3.50 J&J 6 1.75 to 3.75 to 1.50 6 0.75 6 3.75 to 2.40 to 2.30 to 1.75 to 1.40 b 2.80 b 0.70 4s School 1938-'59 M&S b 0.70 Port Jervis 4Ms '39-'69 ..J&J b 2.00 Port of N Y Authority— Gen & ref 4s May 1, 1975.. Gen & ref 3 Ms Dec 1, 1965- 106M 103M iOOM Gen & ref 3 Ms May 1. 1976 Gen & ref 3 Ms Aug 15 1977 Gen & ref 3s Dec 15 1976. ser D 2.50 to 3.00 to 3.50 to 2.40 to 2.60 to 3.90 108 105 102 97 96 M George Washington Bridge4 Ms Sor B '40 to *53-M&N 4M8 to 98 HOM HIM "107M 109M '39-'41-_M&S 4 Ms ser D '42-'60—M&S Holland Tunnel— 1.90 _ 4Ms b 1.00 to to ser E '39-'41__JM&S 4Ms ser E '42-'60—M&S 111 Putnam Co 4Mb '38-'51_A&0 b 1.00 4s 1939-1954. F&A b 1.00 1.65 112M 3.25 % to 3.40 % Rensselaer County— Rochester 4 Ms 5s to 3.30 1 F&A b 0.70 '39-'62 to 2.80 b 0.50 to 2.70 b 0.50 to 2.60 b 0.50 to 2.30 b 0.50 b 0.50 to 2.30 b 1.10 to 1.10 % 2.00 % Par to 3.25 Par to 1.40 % Par to 3.70 Pub Imp '38-'58_F&A 1939-1 §59 .M&S 4Mb 4s Imp Sch &c '39-'47-J&J 2 Ms 1939-1957 M&S 1 Ms 1938-1940. A&O 1.70s 1940-1948 F&A to I % Rockland Co— to 2.50 to 3.90, 4 Ms 1938 (reg) Par F&A 15 Rockville Centre (V)— 4.15s 1938-1952 J&D b A&O b 6 3.50 6 0.75 to 3.60 Rome 5 Ms 1938-1941 to 3.20 to 2.50 4.40s 1938-1953 F&A 6 Saranac Lake 4.45s 1939-F&A to 2.40 Saratoga Co 5s 1939-'40-F&A b 1.00 4Mb 1938;1955t,—_M&S b 0.75 4s Sfept 1 1945-1954--.M&S & 2.50 % Rye & Har'son Un Fr S D No 6 M&S 6.0.75 Nassau County— 5s 1938-1943. Par 4Mb Highway 1938-58.F&A b 1.00 to 3.60 4MB 1938 1944 4Mb 1938-1939.L % % 2.40 % Poughkeepsie 4 Ms '38-52 J&D b Inland Terminal— 98 93 to 2.15 0.70 _ No 1 4.60s 1944-1966 96 85 1938 to 1946 0?90 2.40 % 0.70 80 3s A&O F&A to 2.20 Ref 1.90s 1939-57 2.10s Feb 1 1939-1968 Co 4s '38-'51_-M&N 6 2.50 M&S 6 1.00 M&S 6 2.60 M&S 6 1.25 5MsI1938-1941 A&O 4 Ms (School 1962-73—M&N 4s Sewerage 1950-55--M&N 2Mb 1938 to 1956 M&S 1938-1951- to 3.40 Ontario 104 M 4 Ms 1938-1947.-F&A 6 0.50 to 2.40 Riv Regulating Dist— to 0.70 to 1939-1949 to 2.40 Niagara Falls S D Mineola (V) 4.40s 1938-68 J&J 6 0.50 Monroe Co 4s 1939-44 F&A 6 0.50 3.90s'Co Bldg '39-'50--F&A 6 1.00 1 Ms Jan 15 1939-42— J&J 6 1.00 Mount Vernon— 4 Ms 1938-1943 A&O 6 0.75 2.60 2 .70 M&S A&O to 3.00 to 2.40 104 M 105 Middleport 4.35s '38-'42_J&D 6 0.75 to 2.20 4.35s Sewer '38-'39 J&D 6 0.75 to 1.25 2.55 1967--J&J 4s Bldg constr '40-'49 2.90 0.90 4.10% Sewer 1939-50..J&J 4 Ms Wat May 1 '41-48M&N 1.70 4Mb Sew '39-'46 reg.M&N 1.00 3.95 Nov 1.1961-70. -M&N b 2.70 3 Ms 1942-1945 M&N b 1.80 2.90 to 2.60 to 3.90s 1940-1964 2.55 2.55 2.55 2.55 2.55 2.55 4s Highw Imp Mar '67-.M&S 4sPalisades Park 1967--M&S 4s Bldg constr 1938-1939 M&S 100 4.15s Sewer 1965-70..M&N to Marine Parkway Authority— Sk fd 4 Ms ser A I960.J&D 2.55 2 .70 2 .70 — to 3.20 5Mb May 1 '38-'52-..M&N 6 1.00 3.90s 1938-1939 J&J 6 0.75 1.35 2 .65 _ to 2.60 6s 1947 Beach acquisition.. 2.00 2.50 2 .65 _ 0.70 to 2.20 2 .65 3.60 117M H7M Par 1 .10 2 .65 2 .65 1963 May, „ Mamaroneck UnFSD No 1— 2 .65 to 115M 115M 113M 113M 119M 116M 117M J&D M&S Onondaga Co, 4 Ms '38-47A&O M&S 6 0.70 Mamaroneck(T)4 Ms'38-64J&J 4s Canal Imp Jan 1961 J&J 4s Canal Imp July 1961--J&J 4s Highw Imp Mar '61.-M&S 4s Palisade Park 1961—M&S 4b Canal Jan 1962 J&J 1965 1.70 5%s 1953—. 2.65 2.60 to 0.75 2 .65 2 .65 Par City— June to 3.20 1939-1954 to 2.60 4s High Imp Mar I960-- M&S 4s Canal Imp July 1960 J&J Imp Sept 1958.M&S 2.50 3.40 to 3.30 to 3.50 to 1.90 2 .60 2 .65 to 4Mb 1947-72 .—J&J b 2.90 Oneida 4s Water *40-'45-_J&J 1.20 4 Ms Water 1939 --J&.) 2 .70 1 .50 2 .10 3.25 to Par M&N to Par to 3.60 2 .00 0 .20 48 Canal Term 1942 J&J 4s Canal Term Jan 1946.-J&J 4s g High Imp Mar 1958.M&S 4s g High Par 2.60 to 3.30 4.40s 1943-1949 5s 1939-1942 Long Beach 4s Jan 15 1939—. 4s 1940 to 2.00 2 .75 2 .75 3.00 to 2.20 3M% s f Rev 1968-.A&0 Niagara Falls— 5 Ms 1941-48 M&N Lockport— 100 60 95 to 0.50 to 3.50 98 98 2.00 to 6 0.75 4MB 1943-1949 4Ms Sch 1939-1944 NEW YORK 5s Jan & Mar 1 1939-1945 F&A 6 0.75 65 101 6 3.80 6 3.80 1.00 to 3.30 .25 J&J 6 1.00 1938-1965 ...J&J 1938-1965 J&J Huntington (T) 4s '39-'52_J&J Islip 4s 1939-1951 M&S Ithaca—4M8 Water 1942 J&J 4Mb 1940-1954 J&J Jamestown— 4s Mar 20 1943 A&O 4MB 1938-1940 A&015 Jamestown S D 5s *38-*39 J&D Kingston— 2.70s June 1, 1938-1944 Lackawanna 4Ms '38-*54M&N 99 110 1939-1980 to to 6 0.75 Hornell Hudson 4Ms 4.70s 2.50 100 100 to 3.00 6 3.00 1.90 Henry Hudson Parkway— 4s April 1 1955 to 3.60 5Ms Highway 1939-1940-J&J 4Ms Dec 16 1952 opt '22-J&D 4s Fund 1939 opt 1919--M&S 3Ms H'w'y deb ^l6-'47 M&N 3 Ms H'w'y deb '48-'49--M&N 3s Jan 1 & July 1 1949-1952. 2Ms H way deb 1944-45-M&S Albuquerque— 5s Water Works 1962.-J&D 4Mb 1938-1950 J&J 4Mb 1938-1950 J&J Middle Rio Grande Conser Dist 5Ms 1938-73 F&A Socorro Co 5s 1941 op '21.A&0 to 3.40 to M&S Hempstead (T)4 Ms'38-59 A&O Hempstead 4 Ms 1938-65 M&S to 6 1.00 1.25 1.40 3skap Green burgh U S Sch Dist No 9 4.40s 1938-1965 J&D 6 1.10 Groton 6s Wat '38-'50—M&N 6 0.75 Harrison (T)— 6s NEW MEXICO 6s Highway 1939-1940—J&J 6 3.00 to 2.45 6 1.10 2.30s 5.00 2.50 to 2.10 6 2.25 6 2.60 3.60 3.10 2.55 3.20 3.25 to 1939-67 J&J 6 1.00 Hempstead Un F S D No 1— 3.101 % to 4.60 to 6 1.00 Freeport— 4.20s 1938-1945 M&N 6 0.75 4.20s sewer 1946-60—M&N 6 2.60 4 Ms 1938-1951 M&N 6 0.75 4.40s 1938-1950 M&N 6 0.75 Garden City 4 Ms 1938-52.J&J 6 0.50 Greenburg* (T)— ... 6 2.40 to 2.60 to 2.70 2.90 March 1, 1939-1947.. 6 1.50" to 3.15 Essex Co 4s 1939-1956—M&S 6 1.00 to 2.70 Franklin Co 4Mb '39-'40.M&S 6 0.75 to 1.25 J&D 1950-65 Union Township Sch Dist— to 3.00 6 1.00 4Mb Water 1938-45-A&0 6 0.50 Erie County— 4MB 1938 J&D 6 1.20 4MB 1939-1959 .J&D 6 1.50 to 3.50 6 1.50 6 0.60 6 0.60 to to 3.30 1.35 115M 1957 M&N 115 M Nov 1957M&N 120 H Dec 1, 1979 J&D 118M Corp stock 1967--J&J 119M Corp stk 1971 J&D 15 July 1,1938 to 1955— b 0.50 to 2.55 115M Jan 1, 1977. J&J 114M Sch & Var '38-'39-J&D b 0.50 to 1.10 112M 110M I960M&S 113M Mar 1, 1962 M&S 111M 4Ms Mar 1, 1964 113M M&S 111M 112 4 Ms April 1,1966 113M A&O 113 M 114M 4Ms Apr 15,1972—A&015 4 Ms Rap Tr & Wat 74 J&D 115 H 113M 4Ms Feb 15. '41-'66.F&A15 b 1.80 to 3.60 % 114 115M 4Mb Feb 15,1976—F&A15 4 Ms Nov 15.1978- -M&N15 114M 116M 4 Ms Mar 1, 1981 115 M&S 116M 4s Oct 1,1980 110 A&O 111M 111 4s May. 1977 M&N 109 M 4s Nov 1955 M&N 107 M 106 4s Various 1956 M&N 106 107M 4s Various May 1957-M&N 108 M 107 4s Nov 1958— M&N 107 108 M 4s May 1959 M&N 107 108M 4s serial 1938-1963 J&J b 0.50 to 3.55 3 Ms Corp stock July 1 75.106 104 M 3 Ms Corp stock 1939-54. b 1.10 to 3.40 3 Ms g exempt 1941 1.75 M&N b 2.00 3 Ms exempt 1942 2.00 M&N 6 2.20 3Ms R T 1948-1950—M&N b 3.25 3.00 3.25 3Msg exempt 1952 M&N b 3.50 3Ms gexempt 1953 3.25 M&N 5 3.50 3 Ms g exempt 1954 102 100 M&N 3 Ms g Water ex 1954- M&N 100 102 3 Ms exempt 1955 102 M&N 100 M 99 M 3M8 stock Apr 1,1954. A&O 101M 3 Ms Corp stock Mar 1,1960 100 102 3 Ms Corp stock Jan 15,1976 100 102 3 Ms reg Corporate stock 1950-53 3.50 M&N 3.25 3 Ms Corp stock July 1, '75 99 M 101M 2.80 to 3.10 Trans 1947-51. -F&A 3s corp stock Jan 1 1977 J&J 97 M 98 M 3s Serial 1939-1968 0.60 to 3.10 J&J 2 Ms 1939-1953 1.00 to 3.05 J&D 2Ms Serial 1939-16.._F&A 1.00 to 2.70 Parkway Authority— 3M% Rev 1940-'53.A&0 b 1.50 to 3.25 to 2.35 b 0.50 b 0.50 1938 J&J 4Mb 1938-1967 A&O 4s June 151960 J&D 4s 1938-1958 _J&J 3.40s Nov 15 '38-'55-_M&N to New York to 2.75 5 Ms 1944 5s 1938-1950 to 3.00 6 1.25 6 2.00 b 1.50 b Basis to b 0.50 4 Ms A&O 6 95 4 Ms School 1941 F&A 4Mb Imp & sch '38-'60-J&D SussexCo4Ms'38-*44 M&S 4s Impt 1938-1955—M&N Tenafly 4Ms 1939-1963.F&A Trenton— 6Ms 1938-1951 A&O 5s School 1938-1955—A&O 4MB 1939-1966 F&A 4 Ms 1939-1960 F&A 4s Apr 1938-1944 1945-1965 1938-1963 2Ms 1938-1947 to b 1.70 b 1.60 4M 1938-1969 M&N 4M 1938-1970 J&D to 4.60 4s Munic & Sch '39-'63_J&J 3M 1938-1971 J&D to 4.25 2 Ms 1938-1945 M&N 2 Ms 1939-1978 M&S 98 2% 1938-1955 M&N to 92 Albany Port District— 4s 1938-1972 to 94 ...M&N Binghamton— 4 Ms Oct 1 1938-71 3.00 var. to 3.25 % 2s Mar 11939-1956 Summit— 4s due Jan 1 1966 4s Canal Imp Jan b 0.25 Net 2.70 6 0.75 6 2.50 M&N M&N M&N M&N 4 Ms 4 Ms 4 Ms 2.30 to 1.70 Albany (City of)— Terminal— 4Ms 1938-1969 4MB 1938-1968 4Ms 4Mb 4Ms 4Mb 4M8 4 Ms 4 Ms to 4s 1938-1947 Buffalo— 4Ms 1938-1973 South Orange— 4s 1938 to 1944 6s 1939-1962 4s to 2.00 b 0.20 1.60 1.80 to 1.70 to 3.60 usmI 4Mb 1938-1953 J&D Ramsey 5s Water 1938-1940 Red Bank (Borough)— 4 Ms 1938-1953 M&N Ridge wood 4 Ms 1938-62.M&N 5Ms 1938-1939 J&J 4Ms 1938-1968 M&N Sea Isle City 5s 1942....F&A Somerset County— 4 Ms 1938-1949 J&D 4Mb 1938-1952 J&J South Jersey Port District— Marine b 0.20 New Rochelle— 5s 1938-1950 b 0.25 Ask Nassau to 2.55 b 0.30 To or Bid Bonds Net County (Concluded)— J&D 3Ms 1944-1961 J&J 3s July 1 1940-64 J&J 3s 1939-50 F&A 3.40s July 1 1941-45—J&J 2 Ms 1946-1956 2 Ms 1939-57 F&A Newburgh— 4s Wat Impt 1942-63—J&J 4Ms Wat Impt 1938-41-J&J 3 Ms Fund 1938-1941. M&N b 0.50 2 Ms refunding 1939-57.J&J b 1.00 to 3.75 5Ms General improvement 6s Impt 1938-1948 M&N 6 2.50 4Ms Refunding 1944—M&N 4 Ms Water 1939-1970-J&J b 1.50 Passaic County— 4 Ms 1938-1946 J&J b 1.25 4 Ms 1938-1968 J&D b 1.25 Ask - . 6 2.00 97 6 99 6 3.00 Bid 3 Ms Mar 15 1939—M&S 15 0.50 3Ms Mar 15 '40-'81—M&S 15 b 1.10 to 2.75 of50 3Ms Mar 15 1939—M&8 15 3Ms Mar 15 '40-'81--M&S 15 b 1.10" to 2.70 % 3s g Canal Jan 1 1956---J&J 117 119 119 3s g Canal July 1 1958 —J&J 117 119 3s g Canal Jan 1 1959- -J&J 117 119 3s Canal 1957-59 117 J&J 3s Mar 25 1939-1987 M&S b 0.50 to 2.70 Eliminat'n of Grade Crossings to 3.60 to 3.65 North Arlington (Borough) Refunding 4s North Bergen ref 4s-4 Ms To or Bonds Net . _ 4 Ms Sch & wat '38-'69-J&D 6 2.00 4 Ms 1938-1967 J&D 6 2.00 Yield Basis Yield Basis To or Bonds M&N A&O M&S b 0.75 b 0.75 b 0.75 'to 2.50 to 1.25 % 25 to 2.00 to 3.00 to 3.00 April, 1938] STATE AND MUNICIPAL BONDS 97 Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Yield Basis Yield Basis To or Bonds Ask Bid Saratoga Springs— 4Mb Pari: 1939-1940—A&O b 1.00 Scarsdale 4Ms 1938-45—J&D b 0.75 4.15s 4s 2Ma „ to 2.50 to 2.50 b 0.50 to 2.50 to 3.10 M&S Southampton— to to 3.00 to 3.00 to 3.75 to 3.10 to 2.75 2.75 to to to 3.25 to 2.50 F&A b 0.75 b b b b 0.50 0.50 0.75 0.75 to 3.10 to JKfnlP&l!49 1939-1955 2.50 to 4.25 4.00 to 4.15 94 4M to 2.75 to to 4.20 4 Ms 1.50 1.50 i' : 2.25 '•■ to 2.00 2.00 2.00 to 4.00 2.00 to to 4.20 to 4.25 Grand 4.50 1.00 1.00 1.00 0.50 to 3.20 3.35 to 3.50 3.00 0.50 to 2.50 Thousand Islands— 4Ms Bridge Rev '67.M&S Westchester County 1939-1976 to 2.60 to 2.50 3.60 3.70 % to 3.75 % 2.00 2.00 1.50 4 Ms Parkway 1962-86-J&D b 3.25 4Ms Co Bldg 1939-44--A&0 b 1.25 2.50 4Mb *44. '45, *56 & '69 J&D to 4s Co Bldg 1939-59—M&S 4s June 1 1959-1964—J&D Par White Plains— 4Ms 1939-1959 3.75 3.70 to 3.90 to 2.75 to 3.25 to 3.15 to 3.25 to 3.00 to 3.50 to 3.00 to 3.30 1.00 1.00 to 3.90 2Ms Sept 1 1943-49 b 2.75 Wolcott 4Ms Jly 15'38-'42J&J|6 1.00 Yonkers— to 3.25 3.90s (reg)-M&S 1939-1954 F&A 6s Feb 1 1939-1952 to 3.50 Allen Co 5Ms 1938-50-.A&O 6 2.00 Ashland 5 Ms 1938-44._-A&O 6 1.00 Par to 4.00 5Ms Jan 1939-1961—A&O 1.50 to 5s 1939-1961 1.50 to 4.50 Par to J&D 2.7) Par Par & ref July 1 *43-'46 6 2.75 to 3.50 to „ J&J 6 3.20 to 3.10 J&J 6 1.25 to 3.15 A&O b 1.25 to 3.15 A&O 6 1.25 to 3.15 A&O 6 1.90 to 2.50 A&O 101M 102 M * Asheville— 1-48 gen ref July 1 1976 Buncombe County— 30 l~4s gen ref July 1 1976 Charlotte— 30 31M to 3.30 J&D 19 6 2.40 5s 1943-1952 A&O 6 1.00 6 1.00 to 3.10 6 1.00 98M to 1945.J&J to 3.60 3.00 Durham County— 4Mb 1938-1951 J&D Forsyth Co 4Ms '38-'58-J&D Granville Co 4Ms *39—M&N 1.50 1.50 3.00 to 3.30 to 3.50 2.50 Greensboro— F&A 6 3.75 4Mb 1939-1963 J&J 6 2.50 4 Msl939-1965 F&A 6 2.50 4s Water Works 1954..J&J 6 3.90 Ref'g 3 Ma 1957-1962— J&J 93 M Greenville 5s WW '68—F&A 4.40 to 3.50 to 4.30 to 4.25 3.75 96 to 4.20 to Guilford County— 4Mb 1938-1957 M&N High Point 4M.s 1939-48.J&J 6s Wat Serv 1938-1968 J&D Ohio municipal to 2 60 1.00 2.50 1.00 1.00 1.00 to 3.25 2.30 to 2.90 to 3.40 to 3.00 1.50 to 3.10 1.75 to 3.10 100M 128 130 101 100M b 1.20 to 2.10 % b 1.50 to 2.20 % b 1.25 to 2.80 b 1.25 to 2.75 b 1.00 b 0.75 to 2.50 1 2M Apr 1 1939-1967—A&O b 1.00 to 2.50 % 4Ms Sewer 1939-59 2.70 J&D b 1.70 to 2.60 % 4Ms Water 1939-1960.M&S b 1.70 to 3.30 % School to 2.75 to 4.20 to 87 Miami 99M to 87 4Mb Sept 1'67 opt *41 „ 2MsWater works— 1939-1966 4Mb 1939-1960 b 1.00 to 2.80 b 1.00 to 2.00 4 Ms Jan to 3.10 b 1.00 b 1.00 to 2.60 to 2.00 to 2.40 to 4.00 to 2.50 % to 2.20 to 3.00 to to i 2.30 % 2.40 % 104 M 114 M&S 6 0.85 F&A 6 1.10 to-4.10 116 to to ... 2.60 % 2.70 % b Par to 2.75 % 6 1.00 to 2.40 3.00 % % b 1.50 to 3.20 % Lacakwanna Co 4s 1944.F&A b 2.75 2.20 Lancaster Co 4 Ms *39-'60F&a b 0.75 to 2.50 % Lancaster 8 D 4s May 1945— b 2.20 2 00 /o Lower Merion Twp 4s 1945.. 6 2.20 2.00 % McK'p't S D 4Mb '39-43 M&N b 1.10 to 2.50 Mercer Co 5 Mb '39-'47—F&A b 1.50 to 3.10 % Noiristown S D 4Mb 1943.J&J b 2.30 2.10 % Philadelphia— 5s Jan 1951 * 1.50 1.50 1 1939-1946 Fayette County— 4 Ms Highway 1952—.J&D Harrisburg— 4s May 15 1939-1953 Jeanette 4Ms 1939-1956.M&S to 2.25 to 3.25 to 2.75 Conservancy Dist— 5Ms (1 to 5 yr mat'y)—J&D 5M8 (5 to 10 yr mat'y).J&D 5Ms (after 10 years) J&D 4 Ms, .F&A Erie S D— b 1.00 Dist— 1.75 99 Dist— Easton-Phillipsburg Liverpool—4s 1940.J&J 4Ms water 1938-1952—A&O Martin's Fy 5s '38-'44 M&S z° L90 to Phila-Camden— A&O 5s Park & Imp '38-'41_A&0 b 1.00 Lima 5Ms Sewer 1938-1947— 6 2.00 5s Sewer Feb 1 1939-*51 F&A b 2.50 Lucas Co 4s O H 1944—M&S 4 Ms 1938-1940 J&D2 b 1.00 are to 1.75 6 2.00 Altoona— to 3.25 ... bondsjssued since Jan. 1,1913 series "C T" May 31 1938— 5s July 1 1951 Series O..J&J 4Ms Dec 1 1951 opt *37..J&D 4 Ms 1939, 1944, 1949 J&J 4s Highway Apr.l 1940, 1942, 1945, 1947. 1950, 1952 Allegheny County— 4Ms 1939-1962 A&O 4 Ms July 1938-1958 J&J 4s Bridge 1942 F&A 4s 1939-1958.. M&S 2 Ms Dec 1 1938-1965—J&D imp 1938-43—A&O b 1.00 to 2.50 Mahoning Val San b 1.00 4s 1940-45-50 b 1.80 Braddock 4Mb '38-'41_.M&N b 1.00 Cambria Co 4Ms Nov 1 '38-'45 b 1.80 Chester 4Ms 1938-1940—.J&J b 1.00 Chester SD 4Ms 1938-42 J&D b 1.60 Del River Jt Comm Bridge 4Ms Oct 1945 5s Water 1942 to 2.00 PENNSYLVANIA Easton Elyria 4s 1938 J&D 4Mb 1938-1952 M&S 5s W W 1938-1946 J&J Fostoria 5s W W '39-M0-M&S Hamilton County— 4 Ms 1943 F&A 4Ms Oct 1 1939 A&O 4Mb Sewer Oct 1 1938-'47_. Lakewood— 4 Ms 1938-1939 A&O J&J 25 to 3 20 b 1.00 Bethlehem Cleveland— to 3 .60 4Mb 1938-1966 to 3 b 2.60 to 2.75 '39-'46_—M&S10 6 1.00 East 5s Water 1939 to to 2.50 lMs Tax anticipation notes 1961 to 3.60 Durham— J&J15 2.75 % 5 1.00 b 3.00 4Ms 1938-1960 M&N 4s Water 1938-1955—.M&N 4s Water 1939-1958 J&J 4s Water 1940-1959—.F&A M&S to 3.40 3.20 to 2.00 35 3 00 to 2.75 to 2.25 1.50 to 96 2.80 to 2.15 35 6 1.00 M&S b 1.00 M&S b 2.25 1.5 J 1.50 1.90 to to 6 1.00 to 3.10 M&N F&A 6 to 1.75 to 2.50 1.00 1.00 1.00 5s Harb Dev 1938-50.M&N 4 Ms Dock 1943 M&N 4Ms Oct 1938-47 A&O ^ b 1.00 M&N gen '40~,<15 Portland— to 2.25 5s W W 5s Mar 16 1.00 2.00 35 to 3.00 Imp 1945 F&A 4Ms Bdge 1938-1951..M&S % % 35 4 1938-1939 4Ms 1941-1961 Dayton School Dist— 2.50 % Allentown— 4Ms 1938-1944 A&O 4Ms 1938-1943 A&O 4Ms Road 1938-1941— A&O 4s 1938-1941 A&O Dayton— 5Ms W W Imp 1944..J&D 4 Ms 1938-1940 3.50 % to 3.75 % v J&D to 3.00 4Mb 1938-1970 4Mb 1938-1979 3Ms 1939-1959 3s 1960-1977— F&A to 2.90 F&A 6 1.25 6 Ms 1941 ..M&N 1.00 to 3.00 % to 3.00 to 3.00 s-a 2Ms 1940-1959 4Ms to 2.75 3.75 2.75 2.75 Certificates of deposit 5Ms 1938-1949 J&j Certificates of deposit. Eugene 5s 1942 M&S Multnomah Co— 4 Ms Bridge 1938 1944. J&D 4Ms 1949-1956. F&A 4s Bridge 1945-1955—.J&D 5s Road 1938-1939.—M&N Multnomah Co S D No. 1— 4 Ms July 15 '38-'39—J&J15 to 2.30 M&S 6 3.00 F&A 6 1.00 F&A 6 1.00 East to 3.75 — to 3.50 to 3.70 6 Ms 1938-1948 , to~4~66 to 2.60 Cuyahoga County— 31M 2.75 b 2.50 Feb 1 1939 OREGON to 5.00 A&O 6 1.00 5s b b b b 2Ms May 15 1938-19403 Ms May 15 1941-1945 4Ms H'way '38-'49 (s-a).A&O 4s Highway 1938-1942—A&O 4s Highway 1938-1941 A&O to 5.00 6s 1938-1959. Columbus S D— 4.70 NORTH CAROLINA % 2.10 % 4.75 % to 5.25 M&S!6 6s 1949-1957 4Ms 1939-1953 4Ms 1938-1955 4.30 4.50 to 4.25 to 3.25 to 5.00 2Mb 1938-1951 Columbus— to 6s July 1961 4Mb 1939-1962 4MB 1938-1968 4s 1938-1968 3Ms 1940-45 2 Ms 1946-47-48 3.60 % 2.50% to 4.50 Cincinnati— % to 4.25 Par gen to b 2.75 b 2.50 b 2.40 b 5 00 _ A&O 4Ms Dec 5 1939-42—J&D 6 1.75 4.40s 1956 to 4.55 Par F&A 2Ms 2.00 2.40 % Canton School Dist— 58 1954— ^ 4Ms July 1 1938-'62 A&O 4Ms Marl 1939-'56—A&O 3.30s April 1 1938-1956 3.10s Oct 1 1938-1964 to Astoria 5s 1953 5s Sewer 1953 M&S 6s Water 1944-1959—A&O 6 2.60 4.50 4s 1939-1958 3 Ms 1943-61 to 5.00 Canton— ^ A&O A&O to Tulsa— (See footnote *) Cleveland Heights S D— 100 to 3.20 Par J&D J&D 3.25 Par J&D J&D b 3.25 1.00 5Ms July 1946 F&A 5Ms Wat & Pk *39-'49-F&A 5Ms 1939-1939 F&A 5s 1939-1947 F&A to 3.00 97 1.25 1938-1951 1952-1980 3Ms 1938-1951 •3 Ms 1952-1963 2.75 2.70 1.00 5s Water Sewage Dis 1938-65.M&N 5Ms 1941 M&S 5Ms Imp Feb WSl-F&A 6 2.40 to 2.60 5s July 1 1965 J&J 4Ms July 1943 J&J 4Ms Sewer 1955 A&O __J 4s 1938-1956 M&S 6 1.00 to 2.50 3Ms Sept 1 1938-62.. 6 1.00 to 2.40 2 Ms Sept 1 1938 to 1956— 6 1.00 to 2.30 2Ms Sept 1 1938 to 1976.. 6 1.00 to 2.60 2s Sept 1 1939-63 M&S 6 0.75 to 2.20 Cincinnati (School Dist)— 3Ms 1940 opt 1912.._A&0 100 101 Cleveland— 5Ms 1940-1970 J&D 6 2.40 to 3.65 5s W W 1938-1968 J&D 6 1.00 to 3.35 4Ms Grad Cros'38-'54.A&0 6 1.00 to 3.30 4 Ms Fire Dep '38-'55_-A&0 6 1.00 to 3.40 % 4Ms 1938-1950 M&S 6 1.00 to 3.20; % 4s Sewage 1938-58 M&S 6 1.00 to 3.30;% 3 Ms 1938-1956 A&O 6 1.00 to 3.20 % 2Ms 1938-1951 M&S 6 1.00 to 3.10 % to 2.10 J&D 4Ms San Sew '39-'82—J&J 3 Ms 3 Ms to 5Ms 1938-1940 J&D 1939-1947.-M&S 4Ms Water Works 1941 J&J Okmulgee 5s Mar 15 1943 to 3.60 3.75 3.85 4s Water Works 1942.A&O 2.00 J&J b 0.50 J&J b 0.50 J&J 0.50 to 1.00 4Ms Aviation 1939-53.J&J b 2.50 Oklahoma City— to 3.75 % 3.75 Akron 6s 1939-1940 A&O 4.75 5 Ms 1939-1951 J&J 4.75 5s Water 1938-1953—A&O 3.00 4 Ms 1938-1947 A&O 4.75 4 Ms 1938-1952 A&O 6 4.75 4Ms 1938-1956 A&O 6 4.75 to J&J 5s 1938-19451.50s 1938-1946 2.60 6s ' 1942 1938-1953 2.90 to 3.50 OKLAHOMA to 2.50 0.75 to 2.75 0.50 to 2.75 4.10s 1939-1946 A&O 0.75 to 2.60 3.90s 1939-1948 F&A b 0.75 to 2.70 3Ms May 15 '38-'51-M&N b 0.50 to 2.60 Warren Co 4Ms 1939-'50.F&A b 1.00 to 3.20 5Ms highway 1939-'53_F&A b 1.00 to 3.35 Warsaw Union FrSDNo 10— 4Ms 1938-1942 Oct b 1.00 to 3.00 Watertown 4Ms 4 Ms to ,•' Forks— OHIO 4Mb Pub Imp '38-'45_J&J15 4.20s 1939-1949 F&A 4.15s 1938-1950 M&N 3.25 1.00 1.00 Market 1938-1939 M&S Zanesville S D 5s '38-'43.A&0 to 3.35 5s Mayl938 4s % Dtlca— to —A&O to 3.30 J&J 5s Farm L'n 1940-45&'50 J&J'6 5Ms 1945 & 1948 ser O—J&J 6 4Ms July 1951 & *55 J&J 6 4Ms Jan 1957 J&J 6 Fargo 4s Aug 15 1938-54 6 3.75 f revenue 1977 A&O 106 % 108 4s serial revenue 1942-'68 b 2.25 to 3.75 . to 3.40 1.50 — s 4Ms 1939-1950 4Ms 1938-1970 4Mb 1938-1965 1.50 A&O IVfuQTrAcoA— 6 1.25 A&O b A&O b J&D b J&J b 3.20 NORTH DAKOTA Thousand Isl'ds—See "Watert own Ticonderoga S D No 5— 6s 1938-1940 reg to 3.25 .A&O 4Ms 1938-1957. A&O Youngstown School Dist— 4 Ms J 944-47 M&S 5s 1938-1944 M&S Zanesville—5s City Hall & to 3.60 to 3.65 J&J 6 3.10 J&J 6 3.15 to 3.25 to 6s Bdge 1938-41 to 3.20 1.50 1.50 1.50 1.50 1938-1959 4Ms 1938-1956. Youngstown— 30 M&S 4s refunding to 2.40 to 2.50 2.75 Toledo School Dist— 90 M&N 15 Sept 1938-1947 3s refunding 1956-68 to 2.60 to to Wharf I960—-M&S M&S to 3.70 4Ms 1938-1973 1948-56 3.00 to 2.65 1.00 1.00 4Ms 1938-1954 M&S15 4Ms 1939-1953. M&S 4Mb Nov 1 1938-1953 4s Park.July- 1 1942—J&J to 4.40 to 90 1.75 4 Ms 1938-1958 A&O 5s Sewer 1949 3.65 to 3.75 Imp 1939-60.J&J 1938-1940 £S^^J938-1944----F&A 6s Pub Toledo— 98 3.80 1.75 5s 2.90 2.00 Summit Co— 2.25 W inston-Salem— 3.35 M&S 4s 3.75 1 2.10% Aug 15 1946-1947— b 2.25 1 Ms 1939-1946 M&S b 0.75 • to 1.00 1.00 4 Ms Pub to 3.00 5s 1.00 M&S Springf'd S D 5s '38-'39-J&J2 Wilmington— May 151938 Troy— 3.25 Springfield— 5s Ref & Impt 1955—-A&O 4 Ms 1938-1962 A&O 4s 4s 2.30 to to 2.75 4.40 4.40 3.00 F&A 2.50 F&A 4.20 Rutherford Co 5s '38-'52—J&J 95 86 Salisbury 6s 1938-1941 —M&N Transylvania County— Road & Bridge 6s 1949-50— / 25 to 2.60 b 1.00 b b b b to J&J b 1.00 ----- 3.50 to 4.25 4 Ms 1939-1947 4Ms 1948-1959 to 3.00 5Ms 1938-1960-7—-M&S b 0.75 4Ks 1938-1944 M&N b 0.50 4.20s Dec 15 '38-71 J&D15 b 0.60 4Ms July 1938-'58 J&J Tonawanda (City of)— 4Ms 1939-1942 J&J 4Ms Sewer 1938-1953..J&J 5s Water 1938-1950 J&J 5Ms Water 1938-1950-J&J Triborougb Bridge— 1.00 __ Portsmouth City S D— 4 Ms 1939-1950 Randolph County— b 1.00 b 1.00 b 1.00 b 0.50 J&J15 J&J15 M&S M&S 1.00 Newark 4Ms 1938-1941.-A&O to 4.75 5s Impt June 1 1944.-J&D 4Mb 1938-1967 A&O 4s 1946-1950 M&N 3Ms 1951-1956 M&N 3.00 M&N 6 1.00 1938-1971 1938-1946 3 Ms 1938-1951 3s 1938-1971 2.20% 1939-1957 2s 1939-1956 4.60 Ask 5s Flood E: -jinerg '38-'42 J&D Raleigh— ■ Suffolk County— 4 Ms 1938-1957 A&O 3Ks 1938-1951 F&A 2 M s B igh & ref i 939-57 M&S 2.20s June 1 1938-1962 J&D Sullivan Co 4 Ms 39-'45.A&0 Syracuse— 5s 4.25 Bid Montgomery County to 4.50 5s Munic Bldg 1939—J&J b 1.00 Solvay 4 Ms 1938-1940..-F&A b 1.25 Somers (T) 4Ms'38-'53.M&N b 1.25 5s M&S J&J Bonds 4.40 M&N b 3.65 5s Fund June 1959 County— 4 Ms 1942-1958 5s Dec 15 1938-1948 „ 6s Ref Nov 1950 Pitt County— 4 Ms 1943-1947 to 2.50 to 2.60 J&J b 2.30 1.80s 1938-1950 Schenectady 2.75 to 1939-1960 1938-1944-A&O b 0.60 1938-1955 A&O b 0.50 Oct 15 b 4.60 6 2.75 or Net Ask 1938-1950 Lincoln Co— 5s Bridge 1939-1951—F&A b 2.50 Mecklenburg Co— to 3.00 b 0.60 J&D b 0.60 A&O b 1.00 *42-F&A A&O 4 Ms Schenectady— 5s Dec 15 1938-1941 4.30s 1938 1948 Bid Iredell Co 5s Aug 1 1.75 to Yield Basis To or Bonds Net J&J 5s June 1 1962 opt *52. J&D i 5s Junell 1982 opt *52.J&D 4Ms May 1948 4Mb Nov 1 1948 1.00 to 2.30 2.30 to 2.90 .J&J 107M 107M 117 H5M H5M ... ... 109 ... to 2.70 2.70 J&J 114 113 113 taxable, all bonds issued prior to that[date are tax-exempt. 1 bJBasis. / FlatlpHce. n Nominal, AND MUNICIPAL BONDS STATE 98 Quotations for all securities are as near as possible for the closing day 1946 4s July 26 1972 3 Ms July 1 1986 2.60 to to 1.75 4s 1940-1955, 6 2.00 to 3.40 4mb 1940-1967 ------4Mb Jan 1 and Feb 15 1939— 4Mb Jan 1 1939. 4 ms Dec 1 1939 4mb bridge 1944-1945 6s July 1 1943 6 2.10 to 3.60 6 0.50 '0 .50 f to 98 to 98 98 to 2.60 to 2.60 % to 3.00 5 Ms road Chattanooga— 3.10 to 1.10 1.10 6 1.70 1.25 6 3.20 3.00 6 3.00 2.75 3.10 90 1 1959—j&j / 84 / 85 95 _ . 3 90 3.90 6 4 20 6 4 20 a&o '52m&n Hospital 1954—-—m&s 6 4 20 3 90 *39-j&J 6 3.00 2.50 6 2.80 4Mb Road 1947 opt 2.60 Highway 1947—j&J 5% Co Memorial '38-'50j&J 6 1.00 78 Dyer Co ref 3 m-4 Ms 1965 Fayette County— 4Mb Road 1958 j&J 6 5.00 4Mb 2.00 to 3.00 82 4.70 0.75 6 "0.75 to to J&D 6 "2.80 4mb, 1940-1958 Hamilton 1.45 2.30 2.70 3 75 6 4.00 3.85 6 3.65 3.50 County ja4msnref Cranston— 6 4.10 . 4m% Refunding 5% Bridge 1944 1957-a&o 1939-1948—j&j 6 1.50 1.40 to 3.40 to 3.60 a&O Par to 2.30 Par to 1.25 % to"3.50]% Refunding 4Mb Jan 1 1958- to Refunding 4ms Jan 1 1958Refunding 5s Jan 1 1958—_ Refunding 6s Jan 1 1958-— „ „ 2.30,% 2.70 2.90 -J&J 3.40 4Mb Sewer 1952 -J&D 3.40 4Mb School 1954 M&N 4MB 1950 Providence— 3.50 91 93 95 m 101 J&d -J&J A&O 1945 4s Oct 1 1954 6 Par 2.75 to I .90 2.55 --J&J 4s May 2 1957 4s Water 1962 2.55 M&N2 4s July 1956 2.60 1938-1950 3s 1944-1951 J&d A&O J&D -J&D 1939-57 F&A 4s Oct 1 1964 w WPA School Loan-— 2.70 2.70 Par 6 2.60 to 6 1.80 to}2.25 to.2.30 6 Par & to 2.60 % 1938-1961-.--M&N 6 Par 4MB 1938-1967 -J&D 6 Par 4Ms Funding 1944. .—M&N 4M» 1938-1967 J&D 6"1.00 to 4.25 to 3.75 J&J General Obligation 4mb.— General Obligation 5s—— 93 95 97 Funding 5ms Sept 1950— 4Mb June 1938-1957--. J&D 6)1.00 5s 1938-1942 M&N 6 1.00 1938-1959—A&O 4s Funding 1947 A&O 6 1.00 3°. 15 i to'3".60 tol3.60 to 2.75 to 3.75 * 20 Grimes County— 5 Ms Road 1938-54.a&o 10 6 3.00 to 4.40 % Harris co— 4Mb Apr 10 *38^56.a&o10 6 2.00 4mb Road Apr 10 '38-'60— 6 2.00 to 3.25 to 3.25 Houston— 5s Sewer 1939 m&n 4Ms Sept 1938-1952—M&N 4mb 1938-1957 j&J 4m Impt 1938-39 (s-a) j&J 4mb Impt 1940-55(s-a).J&J _ 2.25 6 1.50 to 3.25 6 1.50 to 3.25 to 2.00 6 1.50 6 2.25 to 3.25 6 2.50 to 3.00 6 1.25 to 6 2.00 to 3.25 6 3.00 6 2.00 to 3.25 6 3.00 to 3.50 F&a 6 4.00 to 4.50 6 2.00 to 3.25 6 2.00 to 6 2.50 to 2.75 6 2.00 to 3.25 6 2.00 to 3.25 6 2.00 to 4mb 1942-1947 2Ms and 3s 1941-1968.j&j Ind Sch d 3s '39-'66..F&a Houston s d 5s Feb 1952 4mb 1938-1951 .j&D Palestine 5s Sch Aug 1 1939, 1944. '49. *54, *59.'64 3.25 to 3.25 Port Arthur— 5a 1939-1970 5Ms w w 1938-65—m&n 5s Sept 1938-1959 m&s 5s St Impt Dist No 2 1943— 4mb 1939-1967 J&J 4mb 1938-1968 f&A 3s July 1 1938-1951 j&J San Antonio s d 5s *56--F&a 3.70| 3.00 f°25 390 4Mb Oct 10 '38-'59—a&o10 Waco— 5s Water Works 1942-j&j 6 3.50 to 3.75 4Mb Water 1938-1968-J&J 6 3.00 to 4.25 3 m % to 4 m % due 90 88 1969-5-- 4Mb ctfs indebt '39-'53__j&d 4s lnstitu'1 1938-'59 J&J 3 Ms Refunding 1940-553 Ms State Highway— Ctfs of indebt 1U40-49. J&D State ctfs of Indebtedness 3s Jan 1 1939-1952 J&J 2Mb Highway Oct 1 '45-'54— Aiken Co 4 Ms 1939-1945.F&A to 3.25 6 2.Of) to 3.50 % 6 2.40 to 3.10 % 6 2.40 to % 2.90 % 6 0.85 to 3.00 6 2.90 6 2.40 to % 3.15 % to 325 % Co— 4Ms Highway 1939-43.F&A 6 2.50 103 Charleston—4M» Jan '62-J&J 100 4s Refg 38 'f«x-exem)_J&J 3 Ms Wat Works *38-78A&O 6 2.25 95 Oheraw 5» 52 opt '32.-July 1 Clarendon Co— 6s May 15 '38-'40-M&N15 to 3.25 6 4.00 4s Funding 1952-62—a&o Madison County— 4m% Highway '38-'49 J&d Memphis 5s July 1954—J&J 5s River Term '38-'48_A&0 6 1.00 4Mb Water 1938-1962--j&J 4Mb Water 1949 j&j 4Mb Park 1959 A&o 4Mb 1938-1955 J&d 4s 1938-1954 m&s 98 103 92 97 100 3.90 % 100 to 3.75 6 3.40 .25 6 1.00 6 3.15 to 3.25 to 3.20 .. 3.40 3.00 i 3.30 3.10 > Greenville—5s St 1942—J&J 3 M® water ref 1939-76 M&N > 3.30 3.25 3.10 3.10 » 2.25 to Greenville Co 4Mb '40-'55_ J&J » 2.50 to 3.40 3.40 ) 2.00 to 3.25 4Mb Highw 1939-1945.f&A to Greater Greenville Sewer Dlst M&N 4Mb 1967 6 4.25 6 1.00 6 2.00 1.50 6 1.00 6 1.00 to 3.10 6 1.00 to 3.25 6 1.00 to 3.00 6 5.10 4.75 Polk Co 5s 1938-1946 J&d to 3.25 6 3.40 3.20 1957—a&o 63.15 Aud Mkt h'se '49—m&s 6 3.25 3.00 f&A 5s 4m% Jail 1940-1951--M&s 6 2.00 Smith County— 1.50 5Mb Fdg 1939-1958—j&j Tipton County— 1939-1940-F&A 6 2.00 to 3.50 % 4Mb 1939-1941 M&S Spartanburg— 4Mb Water 1939-1965.J&J 5s Sept 1 1939 5s Nov 1 1943 6 2.00 to 3.15 % 4mb Road .mly 2 38- 58j&J Washington County—5% Fdg Jan 1 1954 J&j 6 White County— 6 5m% Highway 1955—m&s to 3.75 6 3.00 6 3.85 2.75 3.50 % i Sumter Co 5s 1939-1952--J&J 6 2.10 3.25 % to 3.80 York Co 4Mb 1939-'50—J&J 6 2.00 to 3.50 to i 6s Sept 1941 to 2.75 m&s 1939-*40 5Ms Jan 15 1943 3.25 less 1 j&d J&j15 1.50 to 2.50 1.50 to J&j15 3.70 3.25 Rural Credit 1942—j&j 2.75 less 1 less 1 Rural Credit— 1943-*50—m&n *63.60 to'3.90 % 1 *43-'49 3 Ms 1943 to 1946 3s Feb 1 1947 6 Basis. f&A 6 3.40 F&a F&a 100 97 /Flat price. 2.00 to 4.25 4.40 4.00 4.00 3.75 to 3.70 101 92 101 95 109 5s 1940-1965 4mb 1938-1970 4s 1942 opt 1922 3Ms 1938-1952 4s 1953-1977— Brazoria co— 5Mb Impt Apr 10 Cameron County— 4mb to 2.25 to 3.50 1.40 6 0.60 to 6 2.10 to 1.30 2.40 3.00 2.20 1.60 6 2.40 1.90 VERMONT 1938-48 j&d 4ms Oct 1 1938-1949—a&o Middlebury 4s 1941 m&n Rutland 4 ms 1946-48 j&j 6 0.75 tc 2.15 6 to 2.25 0.85 6 4.25 4.00 6 2.85 2.70 to 3.50 A&o 6 2.00 A&o 6 2.50 j&J 6 2.00 j&D a&o 6 2.00 a&o 6 3.70 1939-1942 VIRGINIA 4s (Commonwealth) 1962 3 m % ctfs of indebt July 1 * '39 2 Ms Refunding 1947-'60—j&j 1Mb Refunding 1938-*46—j&j AlbemarlaOo 5s 1948 j&j Alexandria 6s 1938-1956.a&o Arlington Co 5 Mb "39-'54 F&a Bristol 5 Ms Sch 1939-53 j&j Charlottesville 5s 1962—M&S 5s Water Impt 1958—j&j Danville— 4Mb Ref Aug 1942 f&A 4Mb July 1 1939-1950-j&j Fairfax Co 4Mb 1945—f&a2 Henrico County— School 5s 1939-50 j&j 4Mb June 1 1957 j&d - t « m&s / 61 1939-1957— / 61 Corpus Christ! 5s fd '67-f&a 97 6s Water 1938-1959—f&A / 50 M&n 6 2.00 M&n 6 2.00 to 4.15 100 to 3.75 to 4.15 to 4.25 63 63 100 55 4Mb Water 1951 j&j 4s Pub Impt 1939-1959.j&j Newport news— 4mb 1948 j&d 4Mb Feb 1953 F&a 4s street Nov 1 1941—M&N Norfolk— 3s Jan 1 1939-1948 E15a^w,Wpurch 1950—a&o 6 4.00 5s'Impt Aug 1 1948—-f&A 6 4.00 4mb 1938-1960 ...a&oi6 2.00 3.25 3.25 6 3.00 6 3.00 to 3.25 to 3.50 50 3.00 3.00 6 3.50 6 1.50 to 3.50 6 4.00 to 3.50 6 4.00 to 3.50 6 4.00 to 3.50 to 2.90 % 6100m to99M 5ms 1951 f&A 4Mb Impt Oct 1 1942—a&o 4Mb Sch and Sew 1938.j&j 4mb 1938-1954 j&j Water 1948 6 4 .00 3.50 6 4.00 6 4.00 3.50 3.50 6 4.00 3.50 4mb 1949 4mb 1958 4Mb July 1 1964 4Mb July 1 1941 4Mb July 1 1965 1939 to qq 1943 4s Light 1942 6 4.00 6 4.00 3.60 3.50 % 2.80 1943 2.80 2 80 2.25 2.80 2.40 2.25 2.40 2.40 j&j j&j j&j j&j Roanoke— 4Msj,Street Impt May 1940 s.Pub.Bldg 1941—m&n s Pub Bldg 1944—m&n s April 1952 A&O _s Jan 1 1939-1958 j&j 6 3.50 3.00 6 3.50 3.00 6 3 50 3.00 6 3.50 3 00 6 0.50 to 2.30 Staunton 5s (1938-58 m&S 6 2 50 Tazewell Co ?5s 1939-40—j&j 6 2.50 to 3.50 . 3.75 3.75 to 3.90 % 3.50 3.50 3.50 j&j j&j j&j j&j j&j 1941 4s Elec to 3.50 350 6 4.00 Richmond— 4s to 2.75 6 4.50 6 4.00 j&d 6 4.00 to 3.50 Washington County— 5s school 1939-49—-..j&j 6 2.50 to 3.50 98 J Optional to Jan. 1 to 4.25 6 3.75 6 1.00 3s Jan 1 1949-1958 to 3.25 to 3.25 98 62 50 6 3.75 1.00 to 3.25 to 2.50 j&j to 3 .50 Portsmouth— M&n 6 2.00 10 1951— 6 3.25 5s Vlad't & Bridge Feb 10 1954 opt 1924 Apr 10 to 3.40 Lynchburg— 4Mb Pub Impt 1939—j&j 6 1.50 4Mb Pub Impt 1946—j&j 6 3.50 to 4.10 4m 1946-65 M&n 6 2.50 4s School 1938-1951---j&j 6 2.00 2 ms 1938-1957 Dallas Co 4Ms Apr 2.65 1.00 6 1.50 2.75 4s 1938-1960--1 101 100 6 3.00 to 3 25 to 2.25 — 5s Road Mar 15 100 6 1.00 5e 1956-1965 6 3.75 125 6 3.00 4m% April 1941-47 5% Water May 1952 5% Port Terminal May '52. 5m% School Oct 1961 Petersburg 4Mb 1952 a&o to 3.50 1954.M&s 5s 1938-1939 4m« 1938-1970 4m 1938-45 2.00 3.90 j&J b 3.25 Beaumont—• 5s Water Works 5s SOUTH DAKOTA 5s Rural Credit "38-'40—a&o to j&J 6 1.75 J&j 6 1.75 j&j 6 1.75 5s 1938-1942 4mb 1939-1961 4mb 1939-1953 4Mb 1954-1958 ^ 6 2.80 Spartanb'g Co 4 Ms'39-'47M&S 6 2.00 5s June 1 1938-39 6 3.00 to 3.10 Austin— Kersnaw Co— 1.20 0.85 0.85 to 2.40 to 3.00 '59-*65—— Amarillo4Mb'39-'58_M&s 15 I 6 0.75 3 Ms to 3.25 6 1.00 Abilene 5s Feb 15 4.00 % 1.10 to 2.50 61.00 TEXAS I ! 6 1.30 6 1.10 _ A&o 1939-1960---M&S 58 Memorial Sq '38-50-m&s 4Mb High Sch 1940 j&j 4Mb Hospital *39-'56--j&j 4mb 1938-1968 m&N 4mb 1938-1967 -j&J 4Mb 1939-1948 M&s % 2.50 ) 5a Ref 1941..M&S 4Mb Water 1945 J&J Columbia 91 3.25 6 1.00 5Ms April 1 1941 j&j 4Mb Road 1939 j&J 4 ms July 1 1939 j&J Ogden 4m% 1938-1945-.f&A Salt Lake City— 5s Refunding 1941.....J&J 4s Ref 1938-1945 A&o 4s Ref 1946-1965 A&o Salt Lake City s d— 4s May 1 1949 m&n Salt Lake Co 4Mb Apr 1 1942 3.00 6 3.40 6 1.00 6s 1939-1942 100 m 100 & to 3.25 % w 19 to 3.15 6 1.00 104 to 3.30 pages 95 4s Courthouse 6 2.00 STATES—See UTAH 93 Robertson County— Leas 1. to 3.25 UNITED 95 97 4 Mb Road 1948 Shelby County— SOUTH CAROLINA * 3.00 to 3.25 2.00 3.60 % 5s March 2.50 -J&D 5s Funded — Nashville— _ _ 4Mb funding 1941 6sFund _>ue May 1 Ref 4s Aug to 96 Montgomery co—5s Cumber¬ land River Bdge 1953-f&A 6 3.60 , 6 1.90 3s 1946-1965 Woonsocket— 90 Water 4Mb _ 4Hs 1938-1959 15 4.15 2.50 2.00 _ General Obligation 4Mb-— Pawtucket— 5s Jan to Knoxville— 0.50 0.40 to 3.50 93 5Ms Impt 1938-1946--j&D Knox County— 4Mb Bridge May 1 '51 M&n 6 3.90 __. 5s Highway Marion Co— to 4.15 1.25 Johnson City— Par — Newport— 4Mb 1939 M&S 58s June 1 1938-1953-.--4K« May 1938-1942.-M&N 4s May 15 1948 M&N g High sch 1954.J&D . to 3.00 Refunding 1941——-j&j Sch d 4s \39-'64-_F&\ 1938-1967.m&N Tnd Wichita Falls— '39-73.M&S15 4s 1939-1966 Anderson to 4.10 to 4.25 Tarrant County— Gibson County— 100 to 4.00 San Antonio— Davidson County— 2.00 to 2.60 to 6 2.00 ; 2KB 3.20 Cocke County— ... to 2.90 6 1.40 5s 3.20 to 2.70 6 1.40 4mb School 1956 4mb Memorial Aud to 2 65 to 2.70 6 3.25 April 15 1946-47 Carter County— 5s funding Jan island 4Mb Mar 15 6s 1938-1942 to 2.80 3.50 8% Public Wks 1951-56-M&S 4s Oharit Inst 1965 M&S 4s Jan 1 Sept 1 1946 to 4MB 1939 1940... -—J&J 6100M 4Mb Impt 1940-1945—-J&J 6 2.00 York 4 Ms 1939-1943 F&A 6 1.10 1939-43...-J&D 101 Net to 4.15 2.70 2.00 5s Grade Raising 1.75 to 2.60 3.80 2.00 2.00 2.00 A&o 3 Ms Nov 1 Galveston— 99 Ask 1944-a&0 5s School 1939-1954—m&s 5s 1938-1956 A&o 1 less 1.75 4Mb *39-'4l—F&A 6 1.80 5s 1939-1950. F&A 6 1.90 Scranton School District—• 4Mb 1939-1956 J&J 6 1 80 '38.M&S J&O 6 2.50 1947-1948 j&D 6 99 6 2.85 Sept 1 1944 ;. 6 2.90 Sept 1 1945 1948 —J&d 6 3.05 6 3.40 3.90s Sept 1 1955^-1958 6s Wllkes-Barre— j&D 1 1940 2mb 3 ms 3 Ms 3 Ms 1938-'56 —J&J 6100 1977 F&a 4s 3.50 to 2.50 Scranton 4s June 1 4 Ms 1939-1964 3s to 3.50 2.50 4M% 1953 Reading os Impt 1943-49.J&J 6 2.25 Schuylkill County— 4 Ms 1939-1955 ...—-J&J 6 1.75 June 1 90 TENNESSEE 2.50 2.00 to Public Works Relief— lg% 85 ioo" 98 2Hs98ch"Dlst 1939-62". A&O 61.00% 1M % Unempl Relief 1H% June 1 1939 F&a 106 m ^ rhode J&d 4mb 1939-1971--- Fort Worth— 5s 1951 103 _J&J opt 1956.. 1939-1958.P&A 5s 1938-1959 70 5 Mb Dec Operating Revenue—1 Ms Apr & Oct 1938-1941 6 0.40 Pittsburgh— 4Mb 1938-1950. J&D 5 1.00 2Mb Feb 1 85 60 90 co— Sioux Falls s d— 103 M 104 M 105 m Philadelphia School Diet— 4Mb 1938-1943 ..J&J ) 4MB 1941 1959...... M&N ) 4M® Apr 15 1939-58.A&0151 > 4s 1938-1942 J&J ) 48 1938-1956 j&d > 2 lis July 1 85 4Mb fund 1938-'47.M&n15 Perkins Co 4 m» fd 38-'47 j&d 103 J&J J&J 80 Jackson 106 106 m 105 m 102M J&J . 1966 4s Nov 1 104 m Ask Net To or Bid Bonds Net Bid Stanley Co 4 ms fd *43-*48 J&d Ask Bonds Corson Co 5s fd 1938-'47 M&n Philadelphia (Concluded)— 4Mb 1976 opt 1946 -4M» Dec 171978 J&J 4s July 1939 J&J 4s July 1942_ J&J 4s Feb 16 1955 Yield Basis To or To or Bid Bonds 4s Jan 1 of the month preceding the date o' issue Yield Basis Yield Basis 1938 at 105. 1943 at 104, 1948 at 103, 1953 at 102 and 1958 at 100. April, 1938] STATE . Quotations for all securities AND MUNICIPAL Yield Basis ' Bid Yield Basis To or Bond* Ask to 4**% Gen oblig 1938-1943J&J b 1.25 4% Gen oblig 1948-50 b 2.80 3tf% Gen oblig 1950-51 b 2.80 3*4% Gen oblig 1951-52 b 2.80 Clark Co 5**s p52 opt '33 A&O 101 Refunding 6s 1953 M&N to 2.25 1.50 to 2.90 to 2.90 2.90 to 3.75 Everett— 4**s Gen oblig wat_1938-59 b 1.50 to 3.50 % Revenue Bonds— 5s Water ref 1938-45 b 1.75 3**s Water ref—1938-39 b 1.75 2*is Water ref—1940-42 6 2.25 County— to to 2.50 7a 2.25 7a 2.50 % Is 4**s Bridge 1939^9.M&N 1938-1950 M&N Pierce County— 4**s 1938-1944 Port of Seattle 5s '38-'55 M&S 4*48 Jan 1939-1955 J&J Seattle— 6s 1938-1941 L & P...A&0 6**s L & P 1938-43—M&N 5s Light & Pow 1942-56A&0 4** Lt & Pr 1939-'58_.M&N Gen oblig 4**s *38-'40-A&0 4*48 1941-1955 A&O 4*is 1938-1957 A&O 4s mun lt & pr'38-'53_M&N 3** mun It & pr '43-53 A&O 3 **s mun lt & pr '38-'54A&0 Seattle School Dist No 1— 4s 1946-1950 M&N 6 3.00 to 6 1 75 Bid Spokane— 4*4s Park 1962 J&J 4s & 4**sref 1938-51—J&J 3*4s Ref 1943-1954 _—J&J 4*4s 1939-1954 M&S 5*4s 1939-1953 J&J 5s Imp—Mar 1 1939-'42— Spokane Water Revenue— 4**s-4**s 1938-41 A&O Tacoma—Revenues— 4*4s Water '39-'43 (s-a)J&J 4*4s EIL&P '42-'46(s-u)J&J 4*4sEIL&P'38-51(s-a) A&O Ask to 3.25 6 2.40 to 2.40 6 2 00 6 2 00 to 3.40 % to 3.60 6 2.00 to 2.50 6 1.50 to 6 1.25 to 3.50 6 2.00 to 3.25 3.50 6 2.00 to 3.00 6 2.50 6 2.50 to 3.25 6 2 50 to b 4.25 to 4.60 4.00 3.00 to 4.60 3.00 to 3.50 3.25 to 4.10 3.00 3.00 to 4.10 6 3.50 to 4.20 6 3 00 to 4.40 to 6 3.10 4.25 5*48 G O sewer 1939—M&N 5a Wat rev 1938-'51—J&D 6 2.00 to 3.25 WISCONSIN 10 (Hartford) Aetna Insur (Hartf) Aetna Life (Hartford) 10 Agricultural (Watet'n) 25 Amer Alliance (NY). Amer Equitable (N Y) 10 — 10 5 Amer Fire (Wash'ton) 100 Amer Home Flre(N Y) 10 Amer Insur (Newark) Amer Reinsur (N Y) _ Amer Reserve (N Y) Amer States (Ind'nap) Amer Surety (N Y)_ 10 10 25 Automobile lns(Hartf) Baltimore Amer 10 (Bit) 2J£ Bankers & Shipp (NY) Boston (Boston) 100 Buffalo Ins Co (Buff) 100 OamdenFire (Camden) 6s W W 3*25 to 4*4s 4*4s 6 2.35 % to 2.65 6 0.25 to 2.45 J&J 6 2.40 3*4s 1951 and 1952 J&J 6 2.45 3*4s 1943-1952 J&J 6 2.0./ 3s Sept 1. 1938-1946 M&S 6 0.50 2*4s Sept 1. 1946-1960- -M&S 6 2.20 2 *48 Nov 1 1938-62 M&N 6 0.50 6 2.15 2*4s May 1 1944-1962 1.40% July 1. 1938-'39—J&J 6 0.25 to 2.50 *27J&J to 2.50 5 1938-1941 6s to 2 00 to 2.40 to 2.40 to 2.60 to 2.40 to 2.60 to 3.25 F&A 6 1.00 to 2.75 to 2.75 to 2.50 to 2.50 Wood Co 58 1938 to 2.20 A&O 6 0.50 to 3.25 to 3.75 to 1.25 to 2.40 to 1.00 WYOMING 100*4 to 3.60 Clarksburg 5s 1938-1953.A&0 6 1.00 to 3.50 4s Road 1951 opt 1941—A&O 6 1.75 Natrona Co S D No 2— 5a 1938-1944 J&J 6 1.50 1.25 to 3.25 possible for the closing day of the month preceding the date of issue Unearned Premium Reserve 15,222,624 20,016,996 6,655,795 5,356,163 1,945,247 4,430,055 77,748 841,394 11,982,022 1,185,624 2,188,793 934,306 5,941,659 9,028,811 2,484,927 3,303,633 4,694,847 2,276,425 5,235,713 500,000 5 400,000 10 1,500,000 Nat'l 745,006 498,031 889,159 784,722 r Par 11* 15>* 37 20 59 21*4 Knickerbocker (N Y) Lincoln Fire (N Y) Manufacturers Cas'ty (Phila) 1 639*4 Maryland Casualty.. Bonding & Ins (Boston) Merch Fire Assur /com (New York) |pref 21** 115 8 "9 9 10 27 Merch Fire (Denver). Merchants & Mfrs Fire 29 30 100 Conn Gen Life (Hartf) Continental Assurance 10 10 2,000,000 3,000,000 1,000,000 2,808,328 38,822,179 6,210,523 188,156,229 3,695,297 22,263.915 34 23** 24** 4 71 74 20 5 525 545 325 400 16** 18** 14*4 — 2i1 1,750,000 5,013,966 5,000,000 51,759,596 815,000 445,769 1,500,000 2,500,000 755,095 605,381 4,000,000 10,519,950 2,400,000 5,515,051 3,750,000 40,351,755 1,000,000 1,558,499 2,000,000 9,422,201 10 " (Wash'ton) 20 300,000 Fire mans Fund (S F). Flremens Ins(Newark) Franklin Fire (Phila). General Reinsurance_ 25 5 Georgia Home 10 Gibraltar Fire & Mar Falls Insurance 10 7,500,000 9,376,690 3,000,000 1,000,000 500,000 1,000,000 (Glens Falls, NY). Globe & Republic Globe & Rutgers Fire. 2d preferred 5 5 5 334,421 13,142,938 7,232,618 6,880,363 5,285,913 684,304 905,995 Brunswick Fire (New Brnns. N J).. 5 15 15 New (New York) 1 1,000,000 2,802,013 8,150,000 22,399,846 2,000,000 1,702,507 10 4,000,000 5,213,048 10 12,000,000 47,714,286 29 20 21 21*4 2 (Minneapolis) 22*4 2*4 38 32*f 34** 75*4 22*4 (Hartford) 23*4 11"^ Id"" 62 "66" 6*4 17*4 19 27 29 19 21 17 Providence ton 60** 62** 44 46 6,429,741 10 Homestead Fire (Bait) Importers & Exporters (New York) Insurance Go of State 10 8** 23 24** 10 3,000,000 8,430,465 4,414,095 34 J* 36** 1,000,000 916,498 1,000,000 2,064,269 2,000,000 12,030,562 1,000,000 4,581,784 1,901,658 2,198,357 5,811,786 4,746,269 30 12 33** 13** 20** 74 ** 22** 77** 8,719,926 51.585,447 2,205,218 ?« 8*4 19 31* II* 2 1,222*065 12** 14** 7K 8*4 1,000,000 917,667 575,705 22 27 2,000,000 5,240,607 1,000,000 2,250,533 1,000,000 1,106,461 1,000,000 2,335,991 1,000,000 942,240 400,000 405,645 700,000 220,322 1,000,000 2,054,726 6,000,000 38,182,317 5,317,985 802,908 17,345,695 3,357,453 30,667,113 117,498 11,958,021 554,995 8,255,808 100 23 115 11 95 75* if* ■;p 64** 66** 2,809,172 1,798,467 13 _ _ 10 15 3,000,000 5,284,542 4,529,207 23** 25** 2 10 1,000,566 2,550",505 10 2,000,000 1,000,000 1,000,000 10 (Prov). American (Rochester)., Rossia Ins (Hartford) 10 St Paul F & M (St P)_ Seaboard F & M (NY) Seaboard SuretyjNY) 25 Security Ins (N Hav). Springfield Fire & Mar (Springfield, Mass) Stuyvesant Fire (N Y) 10 5 10 10 25 5 6 946",721 17 7 19 21 22* 712,088 2,349,153 1,384,273 1,525,045 4 6 1,683,639 923,767 4,000,000 23,309,581 1,000,000 651,498 1,000,000 1,000,000 1,000,000 3,244,267 836,660 3,084,449 9,303,853 658,242 740,619 4,203,693 23 26 5,000,000 12,485,056 500,000 741,327 12,004,391 2,986,748 921,333 1,000,000 1,500,000 17** 3** 177 10 (Philadelphia 1,000,000 958,018 10 12,000,000 54,240,005 (Philadelphia) Kansas City Life (Kan¬ sas City. Mo) 100 1,000,000 6,162,223 2,086,422 20 28 27 96 94,734,162 48** 375 49 400 99 6,861 4 340 410 346 356 Ass'nceJOas) anty (Baltimore)... 2 U S Fire (New York). U S Guarantee Co... 4 . Virginia F & M (Rich¬ mond)........ West Coast Life (8 F) Westchester Fire (NY) Wisconsin Nat Life 10 8 25 5 % 2,000.000 6,005,215 2,000,000 16,277,857 2,000,000 4,253,298 400,000 1,007,164 1,000,000 375,000 1,000,000 400,000 . Company merged with American Reserve Ins. Co. in 1930. 2d preferred, and $75,000 $5 Junior preferred stock. a was 9** 19** 28** 100 2,000,000 18,118,207 58,851,773 Travelers Fire (Hartf) 100 20,000,000 28,057,816 784,893,059 U S Casualty conv pref 2 1,000,000 1,721,455 2,395,134 Sun Life Univer Ins (Newark) 21,114,464 4** 186 7** 17** , 934,590 1,042,256 8,163,259 537,348 14,377,490 9,773,756 2,817,550 387,306 625,063 7** 9 10** 42 44 44** 47** 7 8** 25 28 23** llH 15 17 21,698,853 5,445,542 6,890,470 5 7 U S Fidelity & Guar¬ 200,000 Insur Co of Nor Amer No par value. 24 10 90* 1,000,000 Reliance Ins (Phila).. 73 i "93"" 88 1.707.901 ReinsuranceOorp(NY) Rochester 4H Washing¬ (Providence) 18*4 10** 25*4 2,736,467 200,088 402,971 - | Republic (Dallas) Revere (Paul) IW Rhode Island Fire 23 24 1,000,000 4,932,000 1,000,000 18** 46** 5** 42 "25"" 1,403,713 10 36 4,805,714 38,201,787 3,000,000 im 39 20 1.000,000 Accident (New York) 18** 34 21 5 15,000,000 38,657,540 4% Preferred 7** 19 10 7** 3** 3** 39 10 Phila Life (Phila) Phila Nat (Phila) Phoenix Ins (Hartf).. 28 1,059.053 10 Home (New York) Home F & M (8F)„. Home Fire Security 6** 1.104,343 863,183 15,336,951 6,687,915 99,794 7.211,703 36 7 Occident,ai Ins (S F).. Old Line Life (Milw) Pacific Fire (N Y).._ Pan-Amer Life (N O). Peerless Casualty 5 79 3,994,343 13,502.357 Hartford Steam Boiler 1,519,452 2!8 5,902,149 NorthwesternNational (Milwaukee) 40 5 (N Y). Hartford Fire (Hartf) 640,670 2J* 29 115 Northwest Fire & Mar 80 10 Hanover Fire 1,137.150 11 Fire 27 70 Indemnity Great Amer Ins (N Y) Halifax (Halifax, NS). Hampshire (Manchester, N H) 70 6,561,640 2,553,973 1,442,339 718,360 2 4,000,000 New Jersey Insurance (Newark, N J) New York Fire North River lus (N Y) .. 2,500,000 6,591,820 1,000,000 1,345,528 1,200,000 16,584,985 1959,745 400,000 9** 1,000,000 Northern Ins Co(NY) 12'; 8,418,754 20,522,705 1,097,509 3,851,702 441,123 2,724,679 6,364,068 15,367,997 3,402,136 9,317,827 254,220 12,954,358 12,995,622 7.676,380 2.363,558 1,126,382 1,445,326 4,897,527 4,059,443 1,000,000 I 2,512,137 7,406,132 1,000,000 733,549 750,000 750,000 5,000,000 20,031,369 4,000,000 7,061,655 100,000 325,721 1,100,000 5,071,361 2o1 1,444,670 11,531,659 2,000,000 12,500,000 12 1,967,908 4.773,543 New it* share 1,939,435 166,918 1,000,000 2,544,798 Nat Union Fire (Pitts) Cas 19** Ask. Per 2,051,004 161,527 New Amsterdam 18** Bid. 1,000,000 210,000 (Newark, N J) Insurance (Providence) National Cas (Detroit) National Fire (Hartf)Nat'l Liberty (N Y)._ Nat'l Union (Wash).. Continental Casualty (Hammond, Ind) Continental Ins (N Y) 2*4 Eagle Fire (Newark). Employers Re-ins(KC) Excess Ins (N Y) 5 Federal Ins (Jer City' 10 20 Fidelity & Dep (Bait, Fidelity-Phenix (NY; Fidel & Guar (Bait).. Fire Assoc of Phila 10 % Merchants 32 24 Life (Boston) Reserve $ Mass 3 2,526,605 Premium 1937 $ Ask. share 17*4 19** Lnearned Surplus 31, Capital Dec. Bid. (Baltimore) 10 ♦ J&J to 2.75 0.50 0.75 0.75 Racine Co 5s 1939-1940—J&J 6 1.25 4*4s 1938-1950 J&J 6 1.00 Superior 4?*s Sch *38-'44_J&J 6 1.00 to 2.25 J&J 6 1.00 are as near as 3,000,000 14,075,487 7,500,000 15,600,498 15,000,000 18,326,607 3,000,000 4,014,483 3,000,000 3,103,032 1,000,000 2,868,502 200,000 358,810 1,000,000 1,064,482 3,343,740 10,042,548 1,000,000 3,028,762 1,000,000 1,289,054 300,000 301,393 7,500,000 4,072,585 5,000,000 7,185,126 1,500,000 1,426,661 1,000,000 1,582,925 3,000,000 14,706,570 1,000,000 2,197,738 2,000,000 4,221,644 Louis) City of NewYork(NY) of Pa 1938 1944 1.00 Milwaukee County— 4*4s Ct H'se '38-'50 M&N 15 6 0.75 6 0 75 4*4s Sew Mar 12 '39-'45 4*|s courth'se '38-49 J&D16 6 0.75 Racine—4 J*s 1938-'57—M&N 6 1.00 to 2.20 J&J 6 1.00 (Wilmington Amer 4*48 1938-1949 J&D Milwaukee—5s 1938-*40—J&J 4*4s 1938-1945 J&J to 2.50 Dec. 31, 1937 Capital N. O.) Central States Life (St Gr to 3.75 1938-1947——_A&0 Madison— 2.25 6 0.50 Aetna Casualty & Sur Glens 1938-1960—M&N 6 1.00 to 3.40 Per Fireman's to 2.50 4s 1938-1946—J&J 1945-1954 J&J 1938-1943 J&J Surplus Par Columbian to 2.50 6 1.00 4**s /Flat price. Quotations Carolina to 3.50 Eau Claire 4*4s 1938-'44.J&J 6 1.00 Green Bay— to 3.25 5s Highway Charleston 4 *4? '41 opt Charleston S D— 5s 1938-1952 3.00 to 3.10 to 3.30 4 *48 ref wat 1938-*54—J&J 6 2.00 Yakima— 4s 1939-1950 4s July 1948-1952 100*4 100*4 to 3.50 , WEST VIRGINIA 6 1.25 Ask to 2.25 to 3.50 3.50 Bid Clarksbg 8 D 5s *41 ep '21M&S 100*4 Hancock County—5s Grant Road Dist '46 opt '32.M&N 99*4 Huntington 5s 1944 Oct 6 3.25 Mercer Co 5s '44 op '24 A&O 15 100 Morgan town 5s 1938-48--J&J 6 1.50 Wheeling— \ 5s Wat Wks 1938-52—.J&J 6 1 25 3.50 6 2.00 Te Net or Bonds Net 6 2 00 J&J 6 3.00 4s Water 1944-46 Walla Walla— 1.75 M&N (s Bridge 1938 6 Basis. to Yield Basis To or Bonds Net WASHINGTON 6s Gen Fund 1938 1940—J&J b 1.25 99 BONDS possible for the closing day of the month preceding the date of issue are as near as { t Consists of $366,870 $4 cum. 1st preferred, $517,879 $5 and are denotes 'j figures of deposits, capital and profits for the National banks are from the Comptroller's last call; for all other insti¬ tutions they are the latest obtainable, direct returns being procured by us where no periodic statements are required. For Quotations in this department are given per share, not per cent, except for stocks of Canadian Institutions, possible for the closing day of the month preceding date of issue, though often are nominal. An asterisk (*) as near as V; •ales. the Clearing House banks of New York, deposits National Banks Surplus & Profits Capital taken from the latest weekly statement. National Banks Institutions State ALABAMA March 7 are Dec. 31 CALIFORNIA March 7 Cross Par Deposits Bid Ask Capital Surplus & Profits State Institutions Dec. 31 Cross Deposits Bid Par Nomi nal. % Birmingham— Bank for Savs. & Trts. d Birm'ham Tr & Per 82,264 125,000 share. 50 1,203.973 $ Long Beach— Farm & Merch Bank Sav I Western Tr & Sav Bk Common 500,000 Preferred al ,807,200 Industrial Sav Bank- d 6809,393 81,700 125,000 25.486,575 J100 1 20 1,194,217 100 Common 25 53,670,881 15,564,079 2,914,886 N 100 50 share. o re cent les Los Angeles— California Bank— Common 3,000,000 110591390 6,750,000 Per ! ' 486,590 6198,124 1,000,000 225.000 sa o50 First National Bk— Preferred Ask Nomi nal 34 36 25 5,000,000 1,000,000 Preferred J62779 095 100,980,010 175* 125 126 20)* Citizens Nat Trust & & Mer 20 4,285,000 112,229,375 5,328,800 115,888,800 100 24,000,000 11450000 563,721,893 9,500,000 2,500,000 2,627,842 40,259,097 100 5,000,000 3,000,000 Savings Bank Farmers Mobile— Nat 19 21)* 373)* 420 Secur-First Nat Bk— Amer Nat Bk & Tr Co First Nat Bank-, Merchants Nat Bk__ 375,000 1,000,000 1,000,000 258,269 1,387,114 1,307,499 2,402,545 20,213,789 18,885,785 300,000 1,000,000 221,064 717,889 4.033,143 16,853,853 84,956 2,045,893 25 Common 100 Preferred 20 57^ 60 10 12 12 5* Central Bkof Oakland 10 14 14H Farmers & Mer Sav. Union Bank & Trust - 38)* |25 41 "i03"' Il3H Oakland— MontgomeryAlabama Nat BankFirst Nat Bank Bank of Commerce. 69,933 325,750 2,000,000 61,854,777 241,414 300,000 _ Union Bk & Tr Co— Common 100,000 50,000 Preferred 6 1,353,414 41,735,180 10,464,689 100 100 100 mm m mmm mm mm mm em - Pasadena— l'A 6466,874 5,956,219 400,000 1 6736,581 600,000 38,347 150,000 264,314 300,000 15,078,953 962,500 50,000 246,250 145,000 1,421,386 150,851 104,494 671,699 29,748,790 1,656,649 578,612 1,328,842 175,000 Citizens Coml Tr & S 124,004 3,380,621 300,000 ...... mmmmm First Tr & Sav Bk— Common Selma— Preferred City National BankPeople's Bk & Tr Co_ 212,983 80.768 219,893 120,423 400,000 120,000 200,000 350,000 Selma National Bank Selma Tr & Sav Bank d 2,616,530 1,482,118 1,582,025 1,471,874 100 25 Pasa dona-First N Bk I Security Nat Bank_. 100 100 50 45 J25 \25 1,828,399 3,855,084 20 1. ♦250* 100 Sacramento— Capital Nat Bank— Citizens Bk of Sacra. Merchants Nat Bank Sumitomo Bk of Cal_ 100 N o 100 re cent 100 sa es 100 San Bernadino— American Nat Bank- National Banks SPafo Institutions ADI7fYMA AI\l£Ui\A March 7 San Diego— First Nat T & S Bk__ dl ,500,000 San Diego Tr & S B Common March 7 Preferred Security Tr & Sav Bk United States Nat Bk d ^ 100 10 g 25,648,312 12,750,839 250,000 495,000 600,000 200,000 J25 8,185,898 3,132,443 100 4H 3H 100 102 126 45,249 100 "85" 125" 125 135 Nomi nal. Bisbee— Per Miners & Merch Bk. 250,000 i 197.583 share 100 4,245,884 867,359 165,608 550,000 247,500 Phoenix Sav Bk & Tr & Savs Assoc 16,809.949 t 20 4,238,629 t 25 Bank of America N o re 600,000 Common - _ _ - 1,221,400 Tucson— Sou Arizona Bk & Tr J 727,244 250,000 37,239,791 J 5 cent 8,741,075 1301843 741 500, 000 i.ooo; Canadian Bk of Com les Crocker First Nat Bk 1,300, 6,000, 6,000, 1,000, The San Fran Bank- 163* 408,290 187,538,510 98,610,633 Bank of Canton Bank of Montreal— sa Valley Nat Bank— 15,400,000 6,800,000 50,000 000 1,500, 000 Bank of Calif, N A__ Bank of Amer Nat Tr Phoenix— First Nat Bk of Ariz. Preferred San Francisco— Anglo California National Bank Pacific Nat Bank Wells Fargo Bank & Union Trust Co— 000 000 000 000 191,883 459,011 8,051,234 8,670,747 i 377.752 L 7,500,000 7,500,000 J67060 443 San Jose — First National Bank. 600,000 834,284 .. Preferred National Banks March 7 ARKANSAS Santa Ana— Commercial Nat Bk_ First National Bk— State Institutions March 7 80 254,421,072 10,362.059 IOC 2665* 277 p j 20 31 33 43)* 45 100 101,254 1,618,702 12 H 564,700 435,300 205,047 9,645,126 1100 200,000 Preferred- 13 1865* 12M dl45,000 i Common 12)* 183 365* 375* 18,854,965 3,689,554 100 4,427,350 100 "195" 194" 152 100 19,023,023 310 32*5" 100 122,804,390 157,209,122 1000 12,000 13,000 120 100 8,801,471 9,000,000 68,594,413 206,498,282 337,527 4,537,292 1,000,000 Yokohama Specie Bk American Tr Co— Common 100 000 20 537,084 6870,569 123,798 1100 1140 ...... Nom inal. Fort Smith— City National BankFirst National Bank- Merchants Nat Bank Per 299,000 500,000 500,000 82,519 505,704 555,325 2,807,410 7,123,945 9,912,937 share 100 100 25 Little Rock— * Commercial Nat'l Bk 300,000 Peoples Nat'l Bank Twin City Bank 200,000 100,000 444,209 103,002 41,284 8,702.397 3,261,603 1,044,413 N Preferred.. W B Worthen Co— d 300,000 185,500 670,500 o J 330,648 10,086,590 20 re cent 20 sa les 325,093 14,766,802 1,009,000 375,000 Sale price. 4,328,473 11,067,265 2,668,401 re cent 100 sa * 25 a 50 • Outstanding preferred stock consists of $1,107,200 1st pref. of $20 Par stock. 6 March 7, 1938. i Dec. 31, 1937. Savings depos ts. d Common and preferred stock outstanding. e Common--..-. les value and retirable at $50 a share, and $700,000 of 2nd pref. c Pine Bluff- Preferred.. 0 t Controlled by the Transamerica Corp, of San Francisco, Calif. 25 March 4, 1936. /June 30, 1937. Nat B of Commerce Simmons Nat Bank. N 100 100 20 Union Nat Bank— Common Stockton— First National BankStockton S & L Bank Union Safe Dep Bk._ 50,000 I 50,000 400,000 71,183 2,045,460 rioo g 1100 887,881 12,613,746 100 325 Quotations for the San Diego First National Co., which controls 97% of the stock of the First National Trust & Savings Bank of San Diego, I Last sale price, n p Par value 100 yen. New stock. Oauf. BANKS April, 1938] AND TBUST 101 COMPANIES National Banks State DELAWARE March 7 Institutions March 7 t Capital National Banks COLORADO March 7 State Institutions —- Capital $ 50,000 Preferred class A__ Exchange Nat Bank. First National Bank. 133,548 100,000 84,500 300,000 300,000 Common 88,870 361,872 405,174 Nomi nal. Per share. Cross Deposits Par Bid Ask $ 1,739,841 Union Nat Bank Delaware Trust Co.. 203,175 1,000,UOO Equitable Trust Co. Security Trust Co Wilmington rv* Co 1.500.000 672.600 625,000 ■ 4.000.000 . $ $ 210,000 500,000 Ask ^ $ Central Nat Bank Farmers' Bank Industrial Trust Go. Nomi nal. Per share Colorado 3pgs.— Colorado 8a v Bank. Colorado Spgs Nat B Bid Par Deposits March 7 Wilmington— Surplus & Profits Gross Surplus <fe Profits 305,364 3,630,431 1,021,927 709,481 788,264 12,704,853 951,210 11,792,602 77,996 f 299,047 541,155 262,058 816,454 326,066 810,379 209,110 658,394 197,811 i,742,770 100 110 50 25 2,459,894 18,782,972 2,586,701 3,467,710 10,053,191 14,992,341 9,109,898 75,985,801 300 39 41 25 75 80 100 26 160 71 60 68 142 152 50 225 230 1,790,879 100 150 8,072,213 4,728,500 3,242,763 24,600,456 7,364,272 10,136,027 4,797,013 11,208,425 2,522,095 27,216,321 10 16 100 200 100 2,407,588 (100 1100 6,693,583 100 10.212,128 100 Denver— Nomi nal American Nat Bk— 95,041 7,916,040 I 60 i 60 5,147,372 100 1,000.000 11,454,053 37,613,047 (100 Preferred Central Sav Bk & Tr 452.773 300.000 i 150,000 350.000 Common a Per Washington— Anacostia Bank a 145,000 City Bank a 490,000 Columbia Nat Bank- Colorado Nat Bank Common 800.000 Preferred 119,433 1,664,304 2.555,445 33.689 25.700 2,240,221 1,689,452 60.000 Colorado State Bank 1,260,000 1,500.000 a 100,000 a 100,000 Union National Bk 650.000 U 8 National Bank 500.000 International Tr Co. Denver Nat Bank First National Bank. National City Bank. . 1,685,973 30,410,657 54,098,791 1,168,990 728,915 24,456,644 16,175,569 250,000 100,000 Bank of Co mm A Sav Hamilton Nat Bank. tioo 100 N 50 re cent 100 sa les o loo 100 100 1,000,000 Liberty Nat Bank 500,000 Lincoln Nat Bank 400.000 McLachlen Bkg Corp a 345,000 Nat Bank of Wash- cl.050,000 Nat Capita] Bank 200,000 Nat 800,000 Metropol Bank. 1,072,934 500,000 30,000 134.734 20,104,045 1,978,148 100 135 100 230 (100 275 101 60 100 55 125 100 238 3,000,000 14,623,695 1,217,500 ■389,377 o572,500 288,409 a588,000 Amer Secur A Tr Oo. 3,400,000 4,787,778 8,224,630 7,507,071 52,813,753 100 100 1,000,000 500,000 2.000,000 ii,867,239 17,404,727 {100 1,197,344 5,654,129 11,049,124 23,486,067 ioo 100 70 225 300 80 99,490,506 iioo Nat Sav A Tr Co— 100,000 i 200,000 Common Preferred 80,536 5,200.144 (100 Common Uoo Income debentures MunseyTrust Co Union Trust Co 2,000,000 1,000.000 Wash Loan A Tr Co. National Banks March 7 500,000 1 360.090 1,485,000 102,300 100,000 Black Rock Bk & Tr. a Brldgep't City Tr Co 2,200,000 1.220.551 North End Bk A Tr 25.000 Common 125,000 1st preferred..... 25.000 2nd preferred West Side Bank— 165,000 Common...... 99,500 Preferred...... Common..... 19,776,601 7H Preferred J 57,879 } 215.702 11 1,442,817 24,730,631 40 25 6JS* 70 60 38 1,428,978 Per 45,116,628 23,089,229 30,551,871 180 25 21 100,000 165,135 1,735,084 25 200,000 2,113,927 35,358,151 111,144 8,627,492 2,255,716 100 100.000 83,760 627,112 71,635 287,475 65,740 300,000 513,305 16,361,087 100 200 32 35 185 110 200 0 Amer Bk A Tr Co 45 50 1,200,000 First Trust Co Florida Nat Bk A Tr 1100 100,000 400.000 1 Little River Bk A Tr 4,000,000 100,000 1,600,000 100,000 4,000,000 100,000 250,000 125,000 4,452,771 First National Bank Glastonbury Bk A Tr Hartford Nat Bk & T Industrial Bank Pnoenlx St Bk A Tr. East Hartford Tr Co Hartford-Conn Tr Co Park Street Tr Co— _ Simsbury Bk & Tr Co So End Bk & Tr Co- 195.624 2,038.828 135,467 4,475,045 153,353 197.483 110,421 50,000 1 50,000 600.000 200,000 100,000 Common...... Preferred Travelers Bk A Tr Co West Hartford Tr Co Windsor Trust Co— 50,183 2,778,140 7,212,743 15,572,245 1,706,356 65,227,951 78,489 34,622,107 1,830,234 41,340,446 3,174.382 3,136,264 1,922.309 846,796 25 30 100 23 450 Beach 105 115 275" 25 127,851 10.315.644 3,182,588 1,550,737 150 130 25 100 First Nat Bank— 120,000 66" 197,944 5,164,660 r 20 100,000 208,288 5,361.588 200,000 521,751 8,365,106 400,000 200,000 459,453 145,894 5,670,725 3,206,322 100 100 50,000 68.000 Preferred Florida Bank — 0 1 20 100 295" "62" Palm Beach First National Bank. 60 Pensacola— 25 American Nat Bank. 25 Cit A People's Nat Bk { 25 St. 6100 1100 780.692 242,633 26* 25 25 135 125 100 First Common "24* 25 100 100 Orlando— 60 10 10 28" Miami— National Bank 215,792 987.490 945,335 124,514 9 Lakeland— 40 Hartford- 300,000 150,000 1,150,000 100,000 share 1,090,589 1,328.216 1,060,890 10 100 01,500,000 Florida Nat Bank Miami Capitol Nat Bk & Tr Conn River Bkg Co March 7 Jacksonville— First National Bank. ( 25 250 100 100 1,358,768 100 240 State Institutions FLORIDA Atlantic Nat Bank.. d3,000,000 Barnett N B of Jack1.500,000 Florida Nat Bank 25 100 1,060,589 2,343,271 215 Nomi nal Nnt inal. Per share. BridgeportFirst Nat Bk & Tr Co Riverside Trust Co. 175 240 125 100 Second Nat Bank Secur Sav A Com Bk Preferred Mlnnequa Bank Pueblo Sav & Tr Co 175 75 100 50 RIggs National Bank Common.. Pueblo— First National Bank. 100 £230 20 25 150 100 share. Exchange Bk St Aug St Augustine Nat Bk 25 200,000 28,000 40,904 1,047,000 1,980,300 100 St. Petersburg— Florida Nat Bank... 100 1/100 150 100 125 Augustine— 200,000 265,802 8,184,802 25 100,000 Broadway Nat Bank Exchange Nat Bank. 1,250.000 First National Bank. al ,300.000 First Sav A Tr Co 500,000 West Palm Baach Fla Bank A Trust Co. 100,000 34,220 491,010 887,020 166,726 100 100 Tampa— Meriden— Home National Bank Meriden Nat Bank.. Meriden Tr & 8 D Co a Puritan Bk Ac Tr Co. a 25 25 19 77,712 109,768 5,702,337 1,660,443 5,781 100 170 37,944 1,354,161 25 10 219.152 2,499,334 100 ll,039,537 25,533,751 500,000 150.000 / 100,000 / 160.000 374.804 20 15 20 15" 776,157 14,189,710 100 100 70 160 15,901,692 100 108 70 1,584,097 100 58,366 1,470,882 100 233,907 7,346,970 100 West Palm Beach At¬ d lantic Nat Bank New Haven— Amer Bank A Tr Co- a 249.200 95 200,000 105 First Nat Bk & Tr Co Common Prior 756.000 ... preferred... 504,000 Conv preferred New Haven Bk NBA ( 60 920.000 Second Nat Bank Trademen's Common Nat 866,159 914.949 800.000 760,000 9.169,609 12,576,121 35 39 645 45 100 125* National Banks 125 March 7 50 50 57 77 135 Bk 170,000 180,000 1.458,700 ....... Preferred Un A N Haven Tr Co 64,060 1.073.598 14,282,449 100 495,713 J 2,923,498 4,128,757 100 91,260 201,928 49,252 2,529,466 1,527,978 821,052 60 re cent 100 sa les 394,893 155,886 2,964,055 1,828,485 1100 300,000 Nat Bk of Commerce New London City National Bank... Trust Co.. 200,000 Citis A So Nat Bank- r5.000.000 First Nat Bank. 5,400,000 Fulton Nat Bank— 95 105 Common 0 c 100 1,000,000 t Preferred N 347.952 300,000 270,000 a Union Bk A Tr Co.. Nomi nal. Per share Atlanta— American Sav Bank. New London— W in thro p Institutions March 7 81 (100 100 State GEORGIA 62 105,144 3,159,630 4,588,039 647,485 100 77,244,003 92,154,545 too 843,118 27,922,918 (100 1100 227,299 2,637,740 3,261,698 22,145,615 100 475,000 997,500 Ga Sav Bk A Tr Co.. a Trust Co of Georgia. «2,000,000 10 100 Norwich— Thames Bk A Tr Uncas-Merch Nat Bk 650,000 200.000 25 100 19 110 • 120 a Stamford— First-Stamford Nat'l Bank A Trust Co. Fidelity TitleATr Co Stamford Trust Co.. 1,000,000 200,000 700.000 1,386,869 651,887 1,099,191 11,841,824 5,545,012 9,673,886 100 100 140 155 100 140" 155" 11,397,989 100 c June 30, 1937. d Member of the e 600,000 737,553 120 g Atlantic Group In Florida. Affiliate of the First National Bank of Atlanta, Ga. /Dec. 31, 1937. Waterbury— Waterbury Nat Bk i March 7, 1938. Member of the Florida National Group. the Barnett National Bank of Jacksonville, Fla. h Affiliated with 230,655 250.000 264,000 12,834,715 Common........ Preferred Waterbury Trust Co Includes preferred stock or debentures outstanding. 6 Retirement price. Citls A Mfrs* Nat Bk Colonial Trust Co... Sale price, t Branch of Savannah. 1.000.000 300.000 192,444 20 5,048,718 k New 32 7,915,331 3,307,378 100 100 stock. : I Last sale. 300 75 r^Combined statement. 11 Trust funds, r L *,Ex-dividend. fcSt.fick all. owned by Travelers Insurance Co* _ _ 103 BANKS National Banks March 7 State GEORGIA TRUST COMPANIES Institutions March 7 National Banks March 7 - ILLINOIS Cross Surplus «fc Profits Capital AND Par Deposits Bid Ask Capital Surplus & Profits State Institutions March 7 Cross Par Deposits Bid Nomt nal $ Augusta— Georgia RR Bk A Tr $ 750,000 Nat Exchange Bank. c 400.000 • 850,000 777,414 200.000 $ 502,725 3,159,630 145,911 111,563 142,057 45,951 326,694 Citis A So Nat Bank. rd.OOO.OOU Per 8,201,816 77,244,003 2,961,139 6,234,159 1,393,876 1,880,970 1,169,055 2,480,843 share. 100 160 165 RlginKlgin Nat') Bank... no 14 15 First Nat'l Bank.... 90 Union Nat'l Bank... Cent Nat Bk A Tr Oo 600.000 Columbus— Per $ 2,000.000 660,000 100 Ask Nomi nal. $ 100.000 300,000 100.000 share. 72,895 714,561 140,600 1,416,180 7,939,521 1,635,000 100 100 100 776,855 951,367 1,423,839 10,497,446 23,019,425 14,173,943 50 20 20 122,084 2,392,120 85,203 1,247,805 ^lOO 677,197 100 40 3,381,023 /100 35 50 Peoria— Columbus Bk A Tr.. First Nat Bk of Col.. Fourth Nat Bank... Home Savings Bank. March A Mech Bank 300.000 75,000 b 200.000 b 100 100 100 N o re cent Com Mer Nat BkATr First National Bank. 105 sa les 100 200,000 L 90,000 150,000 Common Capital notes.. Macon— City Bank A Tr Co.. First Nat Bk A Tr On • 3,159,630 82,800 110,000 500.000 77,244,003 1,328,000 6,300,603 210,254 Savannah— Oltis A So Nat Bank. r5.000.000 Liberty Nat Bk A Tr 500,000 Savannah Bk A Tr.. i 665,000 Citizens Bk A Tr Co Common.... 200,000 Debentures 138,000 o Jefferson Tr ASav Bk p South Side TrA Sav B Oltis A So Nat Bank. r5.000.000 N tio 100 14 15 100 10 rec sa' ent les Quincy— 100,000 Common Debentures 20,353 200,000 197,000 B'dway Bk of Quincy 111 State Bk of Quincy 59,747 Y 50 j 77,244.003 4,049,774 3,729,462 1.450,834 94,031 10 5 100 i 14 10 "50"" *50" 146,170 5,607,392 ioo 120* 135" Peoples Bk of Quincy S'thSideBk of Quincy 200,000 f 100,000 50.000 44,416 17,681 40 40 50 297,000 / 95,407 744,024 654,875 1,536,894 100 ioo State St Bk A Tr Co. 3,159,630 161,426 260,712 358,825 180,138 273,345 9,903,959 4,969,336 7,756,822 ioo 40 175 250 500,000 527,486 9,716,215 100 150 165 150,000 50.000 500.000 290,992 f 50 I 50 11,083,730 100 110 120 "125" 145" Mercantile Tr A 8 Bk 100 ioo Rockford— Illinois Natl Bk A Tr J Oo 200,000 250,000 500.000 Swedish-Am Nat Bk. i Third Nat'l Bank- Springfield— National Banks First National Bank. Illinois Nat Bank- State Institutions IDAHO March 7 March 7 Nomi nal. Boise City— Per share. Common. Preferred Springfield MarineBk 360,813 5,274,131 Ida 1st NatBk ofBoise Common 600,000 594,000 il .138.000 cl.509,311 125.000 47,817 21,995.543 N o re • 100 cent 26,762,918 90,409 } 516,755 Preferred First Security Bank. Boise Trust Oo 100 sa les 100 National Banks INDIANA March 7 National Banks March 7 Aurora— Aurora Nat Bank... Merchants Nat Bank Old Second Nat Bank i ILLINOIS Nomi nal. Per share. 129,729 235,042 77,383 3,412,010 4,819,924 3,109,359 100 100 100 Belleville Nat Bank. Belleville Save Bank. First National Bank. Evansville— 100.000 300.000 35,340 226,368 100 200.000 St. Olair Nat Bank— 150.000 265,402 174,591 1,131,685 2,499,224 4,253,591 2,299,883 199,500 13,551,022 1,214,815 1,377,684 1,101,000 881,036 11,649,722 1,641,863 Old National BankCommon......... Preferred 500,000 1 329,030 Mutual 1,500,000 12,621,895 1100 1100 8,132,065 1,200,000 546,434 N o k re cent o sa lee i . Lamasco 100 100 100 100 30 250 125 - . 260 150 Chicago— Aetna State Bank.. 200.000 Albany Park Natl Bk of Chicago....... In proc 71,131 3,072.528 100 Beverly State Sav Bk Central Nat Bank... City Nat Bk A Tr Oo 100,000 300,000 4.000.000 100 40 100 10 100 Oont 111 N B & Tr Co Common 50,000,000 122190642 998,262,638 1331! Preferred 25.000,000 Oont Nat Bk & T Co 1,500,000 Oosmopolit'n Nat Bk i 160 20 80 13 122 175 30 ) 436,418 46,284 1,502,267 2,272,208 16 128 250.000 69,728 12,418,219 on Preferred . - 11.269,750 23.415,531 100 20 200,000 200.000 500,000 200.000 200,000 400.000 200.000 113,745 162,187 766,472 149,387 91,599 67,847 123,586 215,572 244,651 450,000 176,305 44,700 305,158 1,541,158 1,029,565 223,700 221,629 59,336 154,846 34,810 327,387 300,067 239.298 178,160 24,787 157,152 327,028 126,402 /l,015,349 / 436,890 3,695,824 6,055,699 17,607,118 5,108,606 3,241,219 10,213,304 4,722,260 9,174,624 5,454,800 14,636,428 7,299,280 3,643,000 8,129,021 6.607,527 16,818,042 8.297.859 31,849 2,868,037 6,547,080 2,493,570 5,987,806 5,836,835 6,356,910 7,477,772 675,985 3,047,239 7.663,660 5,617,522 22,039,367 10,903,978 985,575 204.610.890 10,389,152 26,409,159 16,048,009 312.231.891 8,696,776 100 100 148 170 120 32 32 150 153 180 125 42 American Nat Bank Common... M erchandisp Nat' lBk Merchants Nat Bk.. _ Mid-City Nat Bank Milwaukee Av N't Bk i . Mutual Nat Bk of Oh Nat'l Builders Bank. i Nat'l Boulevard Bk. 300.000 National Security Bk 200.000 North Shore Nat Bk. Oak Park TrASav Bk , i 500.000 500.000 200,000 500.000 Personal Ln A Sav Bk 2.000.000 Pioneer Tr & Sav Bk i 750.000 Sears-Corn State Bk. 200.000 Security Bk of Chic. 700,000 Bkala State Bank... South East Nat Bank State Bk of Clearing. Terminal Nat Bank. Univ St Bk of Chic.. 1 200.000 Upper Ave Natl Bk. Uptown State Bank. West 31st State Bk.. Western Stnte Bank. 200.000 120,000 200.000 299.500 300,000 300.000 100,000 200.000 400,000 Amalg Tr A Sav Bk. i Banco di Napoli Tr. 3004)00 Ohlc City Bk A Tr._ 800.000 Drovers Tr A Sav Bk i 550.000 Bast Side TrASavBk 200,000 Harris Tr A Sav Bk. 6,000,000 Lake Shore Tr A S Bk i 794,000 Lakeview Tr A S Bk. 600.000 Mercantile Tr A Sav. 600,000 Northern Trust Co.. 3.000.000 Pullman Tr A Sav Bk 300.000 . Class A ^preferred. - k . . Madison Ave St Bk . 14 18 . F ' 65.012 /10524.905 / 244,494 1,266,260 / 460,191 /9,753.495 329,632 100 o 20 re cent sa les 1,088,583 20 11,695,873 20 751,461 20,707 12,192,883 2,084,117 100 < < 500,000 275.000 100 100 85 100 1.000,000 11,043,140 30.045,098 J 10 825,000 \ 10 107,311 1,921,976 100 100.000 100 4,000.000 6,300,516 108,223,263 i 200.000 189,164 1,334,870 100 17,320 50,000 841,828 i 9,233 65.000 468,197 "lou 1,250.000 2,201,041 28,333,542 ioo i 300.000 35,957 2,167,383 100 549,083 3,158,175 100 500,000 i 284.500 158,794 3,827,832 100 , . 190 58 205 142 148 85 175 Fletcher Trust 75 165 11 }i* aio 300"" 340"* 130 142 232 250 mm mm mmm "51" 100 mm 157 167 mm mm Co^" 62 . . > j 418,141 Indianapolis— 28 140 ho 353,008 1,448,468 20 20 14,606,004 Gary- . 300,000 1.000.000 . live Stock Nat Bank Madison-Crawford Natl Bank....... Main State Bank 125 100 49 100 10 17,940,471 1,489 200,000 1 50,000 300,000 1,096,485 . ... 2,460,378 368,410 Oomm . 275,000 I 325.000 100 lr Lawndale Nat Bank .... 100 100 N 400,000 420.000 . . 100 100,000 l& 61,666 2.932.858 / 20 Preferred 100,000 I 30 Drexel state Bank.. i 447.500 40 138,077 6,813,294 Drovers Nat Bank.. 1.000,000 941,880 21,964,352 100 First National Bank 30.000.000 34,349,234 857,693,232 100 First Nat Englewood 200.000 762,812 5,688,552 100 Halated Exch Nat Bk 200,000 > 195,873 6,358,812 100 Hamilton State Bk.. 200.000 44,672 2,010,415 100 I-C National Bank.. 10 68,402 200,000 2,583,770 r o 47^ District Nat BankCommon Kaspar Am State Bk Ft Wayne Nat Bank Common 90 \ 331! 250(000 500.000 ........ 100 100 100 Nomi nal. Per share. 225 160 175 100 100 110 100 110 160 150 110 100 200 Fort Wayne- of orga nization 1,043,880 50,259,824 110,716 4,517,040 71,204 2,306,504 144,887 5,533,939 2,714,208 114,137,934 100.000 169.900 * 147,000 100,000 500.000 I - Lincoln Nat Bk A ess Am Nat Bk & Tr Oo. il.600.000 Austin State Bank.. 200.000 Metrop State Bank. 100 794.675 180,179 32,484 35,000 38,007 618,950 28,082 500.000 Belleville— Liberty Natl Bank March 7 Peoples Savings Bk.. 160.000 300.000 384,200 Common. State Institutions State Institutions March 7 . . . 1,500,000 1/ 950,394 .865,000 1,000,000 1,240,262 i 399,200 205,817 1.000,000 2,322,867 35,418,978 |100 15,535,007 3,631,744 20,166.050 100 100 100 2,468,076 1,509,854 10,137,279 4,347,359 2,806,542 '175' 205* 70 820 359" 10 100 100 100 100 100 100 "95" 100 80 20 25 120 100 50 50 100 100 15 170 50 100 80 135 165 25 26 100 100 100 100 100 20 100 100 105" 90 30 130 60 180 loo 60 100 100 100 100 c i £ i ) i 250,000 250,000 799.000 250.000 900.000 143,110 152,891 254,070 202,368 16,709 N 140 31" Merchants Nat Bk Common ...... Preferred.. I 250,000 250.000 j 113,251 500,000 320.000 . Terre Haute Fii Nat Bank— o re cent sa j 887,377 les 5,159,887 flOO 1100 t . Common........ . 124 *22"" 70 190 134 Preferred . 16,683,870 20 10 25" 80 205 ♦Sale price, t Branch of Savannah. a 100 100 . Terre Haute— 90 100 100 100 100 50 South Bend— City Nat Bank..... Preferred stock retirement price. & Dec. 75 140 31,1937. June 30,1937. 90 150 c 275" 285" s 50 60 225 142 /March*7,1938. 215 135 495 160 t Affiliate of the]First National Bank of Atlanta, Oa. Common and preferred stock or capital debentures outstanding, n Reserves. o Deposit liability of the Belleville Bank A Trust Co. assumed by the 505 175 . d New stock. First National Bankpf Belleville, 111. r V Combined statement. Ex-stock dividend. National Banks Surphis & Profits Capital Burlington- March 7 51,774 41,926 200.000 Ask Bid Par Nomi nal Per share. Surplus & Profits Capital Gross Nomi nal. Baton Rouge— • Common 100 $ Per . 300.000 250.000 10,761.108 300,000 260,000 Preferred 330.974 383,464 8,950,600 Louisiana Nat Bank Cedar Rapida— Guar Bk & Tr Oo 200,000 Merchants Nat Bank 600,000 250.000 People's 8av Bank.. United State Bank.. 87,140 1,522,850 126.595 26,978 50.000 Oommon.... 2,676,344 Preferred N 100 20 re sa lee Council 150.000 Oommon 115,631 150.000 Oenn Bluffs Sav Bk. First National Bank. 186,477 63,000 37,000 Preferred State Savings Bank. 63,199 , 88,754 100.000 Hlbernia Natl : Oommon 100 1.440,263 /100 1100 1,653.094 100 clOO Common 1,042.183 | 648,086 90 100 100 32,445,235 100 20 45,680,021 19 19}* 20 52,687,200 20 19 20 2,336.879 6,474,400 116,213,337 20 25 28 25 66}* 70. 1,500,000 1.200.000 208,000 2.800.000 J 915,359 1,000.000 1,000,000 700.000 Whitney Nat Bank.. 100 26,662.564 Des Moines— Bankers Tr. Co— |1,188,890 1.500.000 1.200,000 Preferred Nat Bk of Commerce Preferred 600.000 110 80 Bk Louisiana SB to T Oo Davenport— Davenport Bk to Tr. 15 105 J100 \ 1.000,000 1,150,000 Preferred iOL 2,409,099 3,940,515 {.!! New Orleans— Amer Bk & Trust Oo Common Bluffs— Olty National Bank share. 13}* cent 100 28.782,969 4,159,323 962,452 As> Bid Par Deposits Olty National Bank 100 2,106,831 2,882,816 State Institutions Dec. 31 LOUISIANA Cross $ 7^.000 Farmers to Merch S B Nat Bk of Burlington National Banks March 7 Deposits 103 COMPANIES State Institutions IOWA March 7 TRUST AND BANKS April, 1938] 896,831 745,067 247,201 2ft 128,696 Shreveport— Common 400,000 600,000 Preferred Cap Oity State Bank , 110,143 150.000 e Cent Nat Bk & Tr Oo Oommon 550.000 450,000 150.000 .... Preferred Des MoinesBk&TrCo d 614,089 j 599,149 31.361 First National Bank. 19,770,154 f 25 125 2,989,570 100 Commercial Nat Bk. c25 Oont'l-Am B to Tr Oo 100 117H 127}* 100 120 100 29,093,659 19,703,050 9,617,579 95 106"" 20,702,886 flOO clOO 1100 National Banks 8tate Institutions Dec. 31 MAINE March 7 1,529,257 iewa-De8 M nines Nat Bank to Trust Co Oommon... Nomi nal. ) 1.550.000 1.450,000 University State Bk. 50.000 Preferred 1 850,828 36,348,362 1100 1100 100 150,000 282,708 4,375,609 100 N o re 387,889 107,499 9,010,140 4,212,002 100 sa les 400.000 237,696 213,104 348,774 10 5,962.129 4,586,830 hl00 6,522,274, 100 215.873 5,853,335 2,136,865 100 100 Dubuque— First National Bank. Amer Tr to Sav Bank Sioux Oity— First National Bank Live Stock Nat Bank 300.000 I 300.000 250.000 100.000 Toy Nat Bank Security Nat Bank. Woodbury Oo Sav Bk 900,000 6 611.425 62,957 Depositors' Trust Oo 308,535 1,032,367 1,000,000 Eastern Tr to Bkg Oo Merrill Trust Oo— 200,000 9,803,657 7,721,148 100 12,394,964 / 20 Preferred "32" "35" 100 N 0 j 477,681 cent sa les 1100 Portland— Canal National Bank 465,837 184,225 251,841 328,168 600,000 200,000 400,000 400,000 Nat Bk of Commerce 420,084 11,710,765 100 25 100 23 105 40 8,297,890 3,817,418 4,985,289 6,359,205 35 34 38 20 27 37 Portland Nat Bank— State Institutions KANSAS 25 re 600,000 750.000 Oommon First National Bank- March 7 8,248,983 8,924,593 Bangor— Merchants' Nat Bk_ 100 Oasco Bk & Tr Co National Banks share 100 343,869 436,375 cent 300.000 250.000 Valley Sav Bank Per AugustaFirst Nat Granite Bk d 16,030 241,604 Common Dec. 31 Preferred A " Preferred B 482,450 495,000 92.550 \ 64 59 f 50 ■ c40 40 1 50 Nomi nal. Per Hutohinson— American Nat Bank. 150,000 160,000 250,000 b Exchange Nat Bank. First National Bank. 64,955 135,726 246,815 share' 100 National Banks 100 1,531,825 2,331,615 4,948,425 March 7 State Institutions MARYLAND Dec. 31 100 Nomi nal Kansas City— Per Baltimore- Oemm'l N Bk of K C Oommon 300,000 I 189,473 11,563.040 r 442,000 Preferred 200.000 Exchange State Bank Security Nat Bank.. 145,639 3,076.680 10 Preferred River view State Bk. Common Calvert Bank 5.170.999 uoo uoo 4,346,656 100 Canton Nat Bank... Carrollton Bk of Bait Oommonw'lth Bank. First National Bank. Leavenworth— First National Bank.. Leavenworth Nat Bk Manuf&c'rs State Bk 150 000 b 158.916 150.00C 250,137 24,773 50,000 100 Nat Cent Bk of Bait. 100 Nat Marine Bank— 100 2,158,084 2,384,740 859,896 Western Nat Bank.. N o Colonial Trust Oo— re cent Equitable Trust Oo. Fidelity Trust Oo— ■r Topeka— Central Nat Bank... 500,000 413,530 Central Trust Oo... Citizens State Bank. d 400.000 i 285,339 6,710 77.500 200.000 Fidelity Sav State Bk Guaranty State Bank sa les 60,000 1 140,000 50,000 200.000 500,000 100,000 100.000 Preferred 'ioo Oommon ... Oapital notes Kaw Valley State Bk Merchants' Nat Bk_ Nat Bank of Topeka State Savings Bank. d Real Estate Tr Co.. 1,153,092 fioo \ 150 100 626,063 100 6,586,849 8,919.798 100 1,595,280 100 100 1,550,000 43,567 53,152 169,198 531,321 29,146 34,000 4}* 600,000 11,057,611 30,249,417 900,000 d 378,400 9,536,700 375,000 d 128,612 3,630,839 300,000 246,404 1,598,463 80,000 185,500 1,277,747 300,000 4,000,000 6,615,418 155,084,805 503,437 5,955,851 400,000 550,000 4,918,963 600,000 b 548,373 12,207,837 750,000 2,073,009 132,300 400,000 1,291,573 33,960,917 2,000,000 18.891,553 1.000.000 880,260 10 20}* Safe Dep to Trust Oo Union Trust Oo Cumberland— 1,000,000 11,170,000 1,650,000 1,500,000 3,879,623 258,839 600,000 2,000,000 4,203,352 3,000,000 1,522,819 155,600 1.000.000 1.000.000 100,000 Southwest Nat Bank 200.000 21,620 198,801 Common 126,595 3,531,347 45 1 10 4 1(1 mmmmm -mmrnm 3 6 49 47}* 100 30 120 20 25 100 29 32}* 25 33 14 16 25 63 67 150 42 216,955 5,983,934 i-L 1 1 100 • 215" l(N to to 100 100 10 11 10 10 1,466,227 24,608,837 1,499,188 20,162,356 34,510.317 63 mmmmm 510 7H 495 OH a 100,000 1 99,500 500.000 ... 120 115 36 38 130 155 17 18 70 75 ( 25 50 Liberty Trust Oo— 100 24,292.865 21,598,498 1,081,577 2,246,104 1,300,295 850.877 65 10 5,585,658 61,045 398.000 First Nat Bank..... d Oapital notes... Feurth Nat Bank 50 100 34,476.032 Second Nat Bank Kansas State Bank.. 20 , Peoples Bank— Wiohita— First National Bank. 5}* 23 Maryland Trust Co Mercantile Tr Oo Common.. Topeka State Bank.. 75,781 12,077.155 uoo 937,239 572,328 2,189 284 100 10 381,215 Baltimore Nat Bank 10 100 Preferred 106,000 16 203.957 94,000 100.000 1 427,069 Oommon share 5,544,646 500,000 Bait Oomm'l Bank.. TOO 150,000 298,500 Oommon 100 Oapital notes J 155,060 3,356,808 (15 100 Frederick— 107,000 1 93,000 Oommon Preferred Union Stock Yds Nat d 100.000 Citizens' Nat Bank.. { 62*1 c62H 1 62*, 50 960,308 29,728 978,408 214,007 494,002 100.000 Oomm'l Bank of Md Farm to Mech N Bk. 200,000 125,000 5,035,111 1,561,129 4,768,238 100 103,948 1,655,770 15 20 25 Frederick Oo Nat Bk Oommon National Banks March 7 KENTUCKY Fr'k Town Sav Inst. West Maryland Tr Dec. 31 Nomi nal. Per 200.000 430,393 100 4,694,005 100,000 370,553 35,534 4,101,029 673,088 90,000 415,000 b 200,000 150,000 79,984 177,074 206,390 70,063 1,504,381 6,141,194 4,090.062 1,773,459 share. 145 .. First Nat Bk A Tr Oo 10 10 14 50 40 200,000 I 50,000 319,891 Oo vingtonTr&BkgOo d 550,000 150,000 297,799 75,457 4,933,450 f t 6,770,237 1,588,545 340,000 232,938 3,218,579 100 81,420 1,382.439 25 1.121.056 12,687,607 3,280,000 2,612.965 3,620.237 Ik Oommon........ ^Preferred Peop-Lib Bk to Tr Oo d 10 5H 17 Hagerstown Trust Oo 10 d 10 100 10 10 OH National Banks d c25 15 100 "ho" Lexington— . I Hag»rstown— Farmers & Merc Bks Nicodemus Nat Bk Second Nat Bank r Bank of Commerce. \ Preferred State Institutions Covington— Oitlsens' Nat Bank.. 75,000 1 54,000 150,000 105 March 7 MASSACHUSETTS March 7 Citizens Bk & Tr Co. 200,000 I 350,000 Oommon. Preferred First Nat Bk&TrOo Second Nat Bank— Union Bank to Tr Oo Security Trust Oo... 1.000.000 150,000 150,000 500.000 | 306,000 205,355 472,769 4}* 10 loo"* 100 95 300 160 100 340 350"" 50 100 Louisville— Citizens' Union N B. 1,000.000 2.OOO*. 000 1.000.000 Liberty Natl Bk to Tr dl ,827,000 100.000 People's Bank...... 300,000 Security Bank Fidelity to Oolum Tr. First National Bank- KentuckyTltle Tr Oo 01.000.000 Lincoln Bank to Tr.. 750.000 100.000 Stock Yards Bank... Louisville Trust Oo. dl .990,000 525.000 United States Tr Oo. 832,314 112,663 57,980,240 7,593,360 35,501,586 23,495,621 1,396,693 2,749.551 3,928,995 12,489,308 1,553.975 13,881,501 1,313,946 135,237 422,000 14,011 1,649.064 4,800,000 1,655.835 3,092,156 1,683,306 2,572,771 295,046 39,726 162,874 1,035,470 627,137 119,914 100\ /260 280 85 95 2 3 Newport Nat Bank.. •Oentral Sav Bank.. d 3,000,000 Merchants' Nat Bk. 1,500,000 Nat Rock Bk of Bos Nat Shawmut Bank. 10,000,000 2.000.000 Second Nat Bank— Web to Atlas N Bk.. 1,000.000 51,697,406 613,871,278 12}* 100 55,630,086 84,650,761 20 2,863,565 29,145,844 20,809,802 177,955,394 4,771,494 80,344.634 50 453,128 11,894,377 145,000 32}* 375 60 19 Yi 19}* 125 130 12lt 100 2>* 10 10 100 125 140"" 100 fflOl 125 100 120 100 146"" 10 100 7 "IP* 68 ♦ a Sale price. New stock. b Dec. 31, 32 36 c e 100 100 10 Home Savings Oapital Oity State Bank of that city under latter's title. / Citizens' Union Fidelity unified certificates. ~125Q~ g Affiliated with the First National Bank of Louisville, Member of Northwest Bancorporation. i March , ■ ' price. and preferred stock or capital notes outstanding. Bank of Des Moines, Iowa, merged March 5,1938 with Retirement d Common V - 1937. n 100.000 100,000 31}* 355 55 100I NewportAmerican Nat Bank. Nomi nal. Per share. Bjston— First National Bank. 27,812.500 7, 1938. k Units. I Last Sale. , 104 BANKS Surplus & Profits Boston S Dep & Tr_. Columbia Trust Co.. Day Trust Co Fiduciary TrustCo__ New Eng Trust Oo__ Old Colony Trust Co Pilgrim TruBt Co— State Street Tr Co¬ Cross 2.000,000 100.000 1,250.000 * 500.000 1,000.000 <5,000,000 400,000 3.890,000 Par Bid Ask 36.133,930 2,184,243 12,353.924 2,740,813 32,950,820 100 r280 100 Detroit— Common 100 *10 6,468,336 87,700,459 100 165" 100 255 270 ( 10 10 13 pref.. Wlnthrop Trust Co. _ 11 14 d I 2,502,280 10 100 Michigan Ind Bank share 160 44 J 1,660,000 C138737.568 f 20 1 20 3,627,005 111,708,676 55,529 144,138 50 180 48 — "70" • — 80 100 Nat Bank of Detroit- 7,500,000 10.000.000 ... JU,931,074 500,000 935,000 Common J u 768,000 I 10 1 391,151,168 25 SOX six 23 26 36 21 39 23 25 28 United Savings Bank Common Preferred 19,175,308 I 10 I 10 Equitable Trust Co- Beverly— Beverly Nat Bank.. Beverly Trust Co... Common 308,088 86,311 300,000 100.000 3,905,559 1,482,964 100 100 130 70 500,000 ... 135 Class "A" 75 Class "B" 101.260 pref pref... 403,261 1.883,186 (7 127,860 f 20 20 \ I 20 Detroit Trust Co— Brookton— Common Brockton Nat Bank Common.... 7,486,955 20 25 408,239 6,731,481 6,334,127 4,291,458 19,655,174 100 Highland Park Trust 623,505 481,633 20 20 500,000 350,154 5,602.142 100 100 22,580,512 9,537,293 3,173,729 5,356,197 20 44,936 398,810 i 96,695 f 418,146 e 41,587 613,036 g g Flint— 1,236,708 600,000 820,399 9,426,619 10 400,000 227,577 524,686 112,250 5,584,386 6,891,524 3,154,977 100 91 150 205 100 80 c c 10 20 450 10 66 500 12 68 Oit Com & Savs Bk. *1,000,000 Genessee Co Savs Bk 700,000 Merch & Mech Bank 192,000 Nat Bank of Flint Everett— Middlesex Co Nat Bk 1 150.000 Un Guardian Tr Co. 150,000 300,000 1.000.000 Harvard Trust Co 1,888,478 012,372,318 f 50 45 Cambridge— Cambridge Trust Co County Bk & Tr Co. 1,423,260 1,263,691 ... Preferred 593.327 300,000 300,000 600,000 Preferred Heme Nat Bank 729,633 244,826 400.000 20 30 20 20 20 18 ¥ cl,277,608 20 10 13 8.650,477 20 20 8 Grand Rapids— Fall RiverFall River Nat Bank Durfee Trust Co Fall River Trust 427,500 300.000 Central Bank Nat Bk of Grand Rap Common 250,000 500.000 Preferred 220,000 mm 12 /20 m m Peoples Nat Bank— Fitohburg— Safety Fund Nat Bk. Gloucester— 50 3,000.000 100,000 Preferred 12,466,857 Ask inal. Per $ 1,500,000 3,650,000 .—- Preferred None 700,000 11,409,976 450,000 136,254 100.000 Convertible — Mfrs National Bank. ll S Trust CoCommon $ Commonwealth Bank *3,950,000 el,127,596 c57,007,202 Detroit Bank....—. r400 Bid Par Deposits Nom 100 5 Dec. 31 Cross Surplus & Profits Capital Nomi nal. Per share. Siatt Institutions MICHIGAN March 7 March 7 Deposits s 3,943,809 242,993 1,880,245 655,878 2,922,123 5,285,250 408,904 5,415,902 Boston— COMPANIES TRUST National Banks Na"Sch7nk' MASSACHUSETTS Capital AND Common 886,977 500,000 7,019,965 100 No Cape Ann Nat Bank. 263,822 163,695 184,512 150.000 120,000 Glouo Nat Bk of Olou Gleuces S D & Tr Co 300,000 2,878,280 1,998,6691 3,632,679 400,000 Preferred Old Kent Bank— .> 100 10 rec sa Common ent les 20 1.000.000 1,750,000 Preferred Grand Rapids Tr Co. * Union Bank of Mich- Michigan Trust Co.. Haverhill— Haverhill Nat Bank. 999,205 154,211 200,000 300,000 Merrimack Nat Bank 6,116,521 2,391,890 100 10 Saginaw State Bank. * Second Nat Bank & Holyoke Nat Bank— Tr Co 144,729 7,653,790 / 50 1 50 100,000 150,000 149,926 2,627,053 Hadley Falls Tr Co.. Jfcl,400.000 339,088 9,432,416 6,172,392 no 10 e 250,000 1.200.000 e 377,000 e e 135,107 3.53,875 656.977 g g 22 10 1,586,090 c42.341.451 400,000 100 8 17 11 20 50 866,490 c2,500,616 1,938,233 20 24 150 12 20 13 25 c6,084,244 20 21 23 1,971,431 c27.560.006 1.250.000 100 185 200 142,313 20 319,014 15 10 10 Holyoke—Common 13 10 7,409,981 j, 405,649 225,000 275,000 380,000 Preferred Park National Bank Common Preferred J100 60 60 1100 Lawrence— Bay BtateMei'Nat Bk 600.000 National Banks 25 State MINNESOTA March 7 Institutions Dec. 31 Lowell— Appleton Nat. Bank. 300,000 413,169 3,847,844 100 112 1.000,000 556,682 10,698,427 25 18 Union Old Lowell Nomi National Bank 23 Lynn- 100,000 32,576 334,702 43,527 997,736 City National Bank. 600.000 Duluth Nat'l Bk * 200,000 First & Amer Nat Bk 2,000,000 Minnesota Nat Bank of Duluth 400,000 Central Nat Bank— Common.. Preferred Manufac'rs Nat Bk. National City Bank Common Preferred Essex Trust Co 129,478 200,000 190,000 200,000 ... Lynn S Dep 4c Tr Co Security Trust Co... New BedfordFirst National Bank Merchants Nat Bk.. Safe Deposit Nat Bk 721,500 c c 224,449 516,039 440,869 600,000 425,000 385 46 X 100 20 /50 39 30 81,647 1,829,074 100 547,000 91,636 3,343,063 10 9 50 555,920 6,216,683 10 Naumkeag Tr Co— Common... Preferred 250,000 200,000 > 15 17 15 10 Springfield— Springfield Nat Bank 2.000,000 413,832 14,221,584 10 10 1,500,000 1,000,000 1,000,000 194,250 2,623,275 1,344,727 1,784,048 a 101,563 27,849,986 100 325 12,475.022 12,972,736 25 25 71 61 1,975,807 25 Common Third Nat B &T Co.. Springfield S I) & Tr. Union Trust Co West Springfield Tr. Taunton — Machinists' Nat Bk. Bristol County Tr... 200,000 300.000 278,223 316,211 2,052,966 4,076,381 100 25 25 Worcester— 886,638 Guaranty Bk & T Co 300,000 Worcester Co Tr Co Common Class A.......... 274,668 4,525,841 1,000,000 2,000,000 Jl,777,226 c36,538,059 ........ 100 N o re 5,912,990 10,685,165 1,085,617 881,287 100 100 100 66*« sa cent les 123.051 2,127,083 27,635 1,737,893 26,307 1,696,252 7,540,165 129,671,632 e 30.928 868.337 143,584 5,471.981 517,648 14.782,876 39,685 1,875,918 6100 215,259 464.291 40,509 28,224 6 * 100.000 380.000 15,481.014 1100 100 10 J10 110 St. Paul— American Nat Bank. Commercial State Bk Drov ExchState Bank First National Bank. First State Bank 200,000 125,000 172,281 61,625 *1,694,000 100 lOO 5X 5X 244,354 242,931 45,649 * 150,000 ok 200,000 p6,000,000 100.000 113.328 218,281 167,041 p 100,000 1 175.000 Pi .000.000 4,845,178 plOO 1.713,819 100 No re cent sa 26,053,508 100 4,758,181 100 1,879,149 100 7,685.966 118,700,244 pi 00 ik 470.000 300,000 First Trust Co 17 9X 1100 20 Rochester— First National Bank. Union Nat Bank... Midway Nat Bank— Common...... Preferred.... 110 <_. b Midland NatBk & Tr * 990,000 <100 Minnehaha Nat Bk. 6 100,000 6100 N'western Nat B & T Common 5.000.000 13,325,605 111,192,282 J100 i Preferred 2,000.000 1100 Produce State Bank. 100,000 J 37,879 1,308.576 6... 2d N'west'n State.. 50,000 ? 13,928 1,020,161 i Third N'west'n N Bk 100,000 128,269 1.624.408 <100 4th Northwest Nat'l. 125.000 125,473 2,764,754 <100 University State Bk. 91,400 37.028 1,182,059 Stock Yards Nat Bk. * 500,000 500,000 Preferred Hennepin State Bank Marquette Nat Bank EmpiraNatBk&TrCo Mechanics Nat Bank Common.. 100,000 Central Nat Bank 138,000 Fifth No'west'n N B_ i 100,000 First NatBk&TrCo 66,000,000 Salem— Merchants Nat Bank * 50 29,237,852 Northern Nat Bank. 1.000,000 Pioneer Nat Bank 100,000 Western Nat Bank.. * 100.000 Blooming'n-Lake NB 19 50 7,107,067 20 8,940,600 5,612,898 12X 200,000 .. 7,010.853 2,079,817 Minneapolis— Peabody— Warren Nat Bank share, 100 100 835,373 157 3,495,817 9,156,686 68,953 426,605 609,437 795,151 101 2,758,206 J 50 1 50 2,846,904 100 257,095 200.000 250,000 250.000 100,000 400.000 _ 3,365,652 I 60 I 50 3,159,722 100 Tisr* Per Duluth— Bank of Comm & Sav les 2 7X a share. 2,202,255 100 8,317,371 100 4,473,117 <100 153,347 5,027,592 flOO 1100 207,706 PlOO 21 * Sale price, t No a par. Dec. 31, 1937. b First National Group, c Includes savings deposits, d Convertible preferred stock entitled in e liquidation to $20 March 7, 1938. / Retirement price. g Tru~t balances. < Member of Northwest National Banks March 7 MICHIGAN State Institutions o March 7 p Nomi nal. Bay CityBay City Bank 300,000 Natl Bk of Bay 400.000 City. People's Commercial & Savings Bank... *1.000.000 Per 25.456 222,525 2.556,943 6,648.050 Bancorporation. share 100 American National Bank of St. Paul affiliate, Member of the First Bank Stock Corp. t Stock has to be offered to board of directors* s New stock. t Affiliate of 535,634 9,963.514 20 First National Bank of Boston, N o re 100 ' • * Common and preferred or capital debentures outstanding. I Last sale. cent ii sa les x Ex-dlvidend. t First Bank Stock Corp. June 30. 1937. ' SX APRIL, 1938] National Banks MISSISSIPPI March 7 National Banks March 7 Institutions State Dec. 31 Jaokson Oommon Depoz Gu Bk A TrOo Jackson-State N Bk_ 446,294 50,000 787.500 Oommerc'l Bk&TrOo 13,381,920 f 13,618 215,626 339,920 300.000 40 545,357 10,582,920 12,990,801 [ 101,754 203,417 75,146 o cent sa 100 100 2,988,066 2,937,195 3,606,514 179,487 271,465 645,000 300,000 National Banks March 7 MISSOURI 600.000 262,513 8,806,669 elOO 100,000 365.000 119,501 6,111,724 100 2,669,244 100 Oommon Preferred.. 8 National Banks State Institutions March 7 Nominal Per Community State Bk First National Bank- Inter-State Nat Bank Ldnwood State BankMerchants Bank 105 115 100 100 100 100 295 65 330 75 112 100 108 70 450 290 Nomi nal. share. 100 100 Lincoln— Per Continental NatBkCommon 250.000 1 First National Bank. 100 100 310 135 100 200 225 170 198.000 Capital notes Missouri Bk & Tr Oo Common Preferred Park National Bank. Plaza Bank of Go mm Produce Exch Bank. Traders' Gate City Nat'l Bank k Southeast State Bk. South Side Bank— 86,000 li 114,000 47,972 52,066 127,829 136,894 64,989 550.000 100.000 i 50,000 1 400.000 100 120 100 120" 130"" 100 120 1,393,110 flOO 1100 21,115 50.000 200,000 100.000 i 50.000 li Oommon Preferred Stock Yards Nat Bk. Union Nat Bank— Oommon Preferred West port Aye Bank- 100 7,715,870 1,538,865 3,211,073 2,478.305 100 7.966,808 62 H 1,112,730 100 Oommon 27,385 788,584 flOO 6,538,045 100 628,552 24,517,487 / 10 100,000 178,923 118,785 16,234 1,818,784 1,591,177 630,329 University Bank 12,597,684 lot li,242.511 43,943,972 J100 160 20 750.000 e 67,726 94.000 r 60,000 Preferred g20 170 \100 106.000 16 Stock Yards Nat Bk Common 30 "150 1,500.000 52,550 2,309,435 (100 100 250,000 1 450.000 ------ 25 907,246 6.351,404 flOO 83,701 1100 el.100,000 I 200" 22,875,836 807,877 100 225"" 12 10 National Banks 15 NEVADA March 7 100 140 100 195 75 100 95 Nomt nal. Reno— Per First Nat Bk of Nev. d 600.000 889,472 26,972,764 imoskeag Nat Bank 200,000 5,153,474 3,278,362 2,293,347 100 150,000 200.000 885,922 522,352 252,192 k 200,000 400.000 397,952 524,212 SecondNatof Nashua k 600,000 504,229 5,900,671 5,767,430 6,245,689 share 100 Manchester Nat Bk. Ut. 250 28 24,760,848 f 20 379,992 65 50 150 200 100 lioo 265,899 100,000 100.000 62>$ 75 alOO *125" 100 | 824,393 Oommon Preferred D S Nat Bank 1,000,000 I 1.158.000 ' Union Av Bk of Oom 52^ IlOO 19,975,375 11,263,370 1,500.000 250,000 450.000 Preferred A Live Stock Nat Bank Omaha Nat Bank— Common Preferred Packers' Nat Bank: South Omaha Sav Bk 65 564,171 710,433 share. 9,628,982 flOO Omaha— First Nat Bank— ■ 200.000 U 324,082 183,889 290.000 f 850,000 300,000 e 90 470 Merc Home Bk A Tr Common les 1100 NEBRASKA March 7 Dec. 31 61,877 100,000 i 1,790,987 600,000 1,638,264 20,193,720 135,103 500.000 6,037,957 6.000,000 4,079,496 156,955,891 46,744 100,000 i 1,263,514 2.000.000 4,496,292 113.060,877 500.000 1,170,256 21,831.120 66,911 100,000 i 1.522,751 172,855 200.000 i 3,205,065 cent /100 100 Kansas City— Baltimore Bank City Nat Bk A Tr Oo Columbia Nat BankCommerce Trust Oo o re sa Helena— First Nat Bk A Tr Co k Union Bk A Tr Oo— Institutions State 12,438,112 100 1,151,996 100 12,981,373 0-~- 2,522,445 N les 50 5,380,937 5,363,531 724,538 23,320 565,771 150.000 Metals Bk A Tr Co. Vicksburg— First Nat A Tr Oo March NatBkATr Oo 300,000 100,000 600,000 200,000 First National BankMiners Nat Bk N 270,000 350.000 241,000 199,522 137,953 159,970 4,066,773 (7100 100,000 Butte— 100 Ask Bid Par Billings— 165 re Meridian— Citizens Nat Bank.. First National BankMer A Farmers Bank Gross Deposits Nomi nal. Per share. Midland Nat BankMontana Nat Bank. Sec Tr A Savs Bank. 30 [ 300,000 100,000 Preferred March 7 Profits Capital Nomi nal Per share. Capital National Bk- State Institutions MONTANA Surplus & Ask Bid Par Deposits 105 COMPANIES Gross Surplus & Profits Capital TRUST AND BANKS Joseph— American Nat Bank. Burnes Nat BankFirst National BankFirst Trust Oo 200.000 200.000 500,000 100.000 250,000 200.000 200.000 136.000 First St JoaSt'u YdsBk Tootle-Lacy Nat Bk. Empire Trust Oo Missouri Vail Tr Oo. 226,573 270,565 420,115 130,572 77,151 263,843 97,331 66,587 7,169,515 3,835,619 6,178,726 2,900,465 3,449,615 7,262,234 2,074,640 1,076,143 100 100 100 100 N o re cent sa 'loo les 100 Manchester— 100 Merchants Nat Bank 8t. Louis— 107,500 1 ... 330,000 Boatmen's Nat Bk.. 2.000,000 Bremen Bk A Tr Oo_ k 400.000 Cass Bk & Tr Oo.... k 450,000 : First Nat Bank 10.200,000 Industrial BkATrOo 600,000 Jefferson Bk & T OoOommon 200,000 I 8.361 2,057,341 297,186 198,582 2,501,108; 52,356.221 5,514,750 5,607,917 7,404,046 219,792,210 435.881 9,966,960 20 6 20 2,049,158 15 00 50 27 20 100 28"" 95 100 9 125 17 (20 30H re cent sa les 62 Indian Head Nat Bk k Nashua Trust Oo 100 300 1135 100 100 100 105 Portsmouth— First National Bank. w 80,904 3,324,053 /100 640,242! 83,883 6,254,291 loo 50,000 50,000 29,241 600,000 563,264 176,135 244,782 140,329 674,704 10,772,277 20 16 5,368,068 8,715,223 3,423,579 100 92 87 92 20 20 24 15,956,125 175 50 20 20 100 130 20 32 33" 1.000.000 329,467 3,228,591 4.399,595 4,578,481 14,701,602 7,781,324 100 1,000.000 54,179 170,454 201.178 741,027 100 60 65 250,000 1 75,000 f 200,000 90,352 3,057,715 /100 35,142 1,455,488 No lioo re cent sales 100 98 100 Oommon Preferred New Hamp Nat Bk. 19 Capital notes Jeff-Gravols 64,439 92,500 ... Baden Bank 100 100 Nashua- Amer Exch Nat Bank Oommon Preferred.. Nomiinal. Per share. N'o 215,000,1 Bank. 70 30 50"" Lemay Ferry BankCommon Preferred 987.312 J100 National Banks aloo" \100 & TOo Manchester Bank 500,000 450,000 200,000 350,000 Mutual Bk & Tr Oo.Plaza Bank (The) Sec Nat Bk SavsATr Southern Oommerc'l & Savs Bank South Side Nat Bk— 60 423,000 400,000 Telegraphers Nat Bk 500.000 Tower Gr Bk A TrCo United Bk & Tr Co.. 340,000 250,000 300.000 71,272 100 Merc Oom BAT OoMer can tile-Oom 3,188,177 2,925,189 4,757,565 Per 100 53.083 249,589 100 120,000 343,783 Preferred 25 Nat'l Bank. Miss Val Trust Oo.. 311,725 6.000,000 i3,055,216 Meund Oity Tr Oo it 246.059 23,836 Nerth 8t Louis Tr Oo 261,520 300,000 Nerthwest'n Tr Oo._ k 750.000 271.494 WebsterGroves Tr.. 196,913 100.000 350COOO 5,772,192 87,029,326 2,279,633 4,161,136 6,828,787 2,736,160 100 25 100 Oommon 500,000 2.350,023 Preferred 225,000 1.184,518 15 75 Preferred 112 114 Union Nat Bank.... it Southern Missouri Tr 100.000 13,096 330,633 94,954 2,452,173 10,076,031 1,988,884 J 1,679,018 /ion 95,959 t 4,538,947 a30 10 j.f3577,212 ( 10 1 10 5 6 1,314,131 /ion 1 io j 104,224 2 3 50 4 60 28 20 60 23 100 100 100 175 4H 29 Seacoast Trust Oo Bayonne— Jfc Broadway Nat Bk Bayonne Trust Uo_. _. 580.500 196,322 5,427,829 100 300,000 100,000 Asbury PkNat Bk A Tr k Asbury Park A Ocean 227,312 92,708 3,171,625 1,167,336 10 200,000 1,505,218 10,715,609 50 400,000 37,440 407,881 246.600 575,000 249,500 98,650 173,269 117,210 2,090,722 4,937,749 1,394,842 5 9H 3K 10 4 100 75 100 35 45 100 73 13 80 110 Bridgeton— Springfield— 290.000 595.500 share 70 Asbury Park— Bridgeton Nat Bank. it 100 5,145,424 Equitable Trust Oo— Cumberland Nat Bk. Farm A Mer Nat Bk. k Citizens' Bank 668,365 Guarantee Trust Oo- Grove Rank- merce 400.000 Bankers Trust Oo— 100 )J 5,226,518 152,735,492 Llndell Trust Oo... 31 Nomi nal. Oommon Chippewa Trust Oo * ■aston-Taylor Tr Oo k Sla".Dec. Atlantic City— Boardwalk Nat Bank Oommon \ NEW JERSEY March 7 Manufacturers Bank 20 15 100 100 ♦ Sale price. a Retirement price. 100 * 1 6 Dec. 31, 1937. c June 30,1937. d Owned by the Transamerica Corp., San Francisco. Calif. e Member of Northwest Bancorporatlon. / Includes reserves. g Member First Bank Stock Corp. h Reserves, i March 7, 1938. k Preferred stock and common stock or capital debentures outstanding. I Last sale. s Member of the t Preferred Guardian stock retired. Detroit Union Group Inc., Detroit Mick. 106 BANKS AND TRUST COMPANIES g" National Banks March 7 NEW JERSEY Capital Surplus & Profits National Banks State Institutions Dec. 31 NEW JERSEY Sla" ITT™ March 7 Gross Deposits Par Bid Ask Gross Surplus & Profits Capital Nomi nal Nomi nal. O&mden— $ FlrstOamNatB&TOo d2,192.891 850,406 396,190 Oamden S D & Tr Oo s3.287.500 Merchantvllle Nat'l Bank & Trust Oo. d 224,375 West Jersey Trust Oo s 103,016 434,269 645,500 Xait OrangeAmpere Bank Ac TrCo 200.000 117,715 Bar Inv & Trust Oo: Per 23,825,783 24,411,006 8 3 2 3 43,643 79,391 1,198,065 690,861 12,668,101 39,168,145 992,204 1,136,685 27,554,058 22,012,661 527,585 477,666 406,907 3,030,093 2,904,713 1,724,230 share. 75 Per $ 65 10 . 6 5 18 25 20 50 7i 4 10 38 100 100 50 30 80 Woodbury— 45 2,696,533 33 X 479,003 1,298,158 Prospect Natl Bank. Security Nat Bank.. Trenton Banking Oo 4 1 1,148,182 8,458,849 TrentonBroad St Nat Bank. dl ,000.000 First-Mecb Nat Bk. d3,167,000 200,000 200.000 1,500.000 Tranton Trust Oo... dl ,874.000 share. 6 Ask Bid Par Deposits & Mechanics' National Bank Farm 95,600 Common % 495,000 Preferred A. Preferred B 434,509 100,000 First Nat Bk & Tr Oo 18 785,027 274,165 3 4 200.000 100.000 50 50 22 Woodbury Trust Oo 10 Elizabeth— 400,000 dl.310.000 500.000 Elisabeth Trust Oo. dl.020.168 Union County Tr Oo dl,114,345 Blisabethport BkgOo 158,555 157,547 45,107 110,045 287,054 Nat'l State Bank- Central Home Tr Oo 7,050,806 20 15,091,331 25 10 18 3,638,472 4,102,937 12,023,292 50 15 10 1 4 1,517,297 2,180,618 20 10 ""6" National Banks floboken— Columbia Trust Oo.. Seaboard Trust Oo.. NEW March 7 100.000 500.000 25,166 346,162 1 Institutions State YORK • Dec. 31 » to» Nomi nal. Jersey City— Albany— First National BankFranklin Nat Bank.. Hudson Oo Nat Bk— 2,225.000 I 400,000 1,250,000 Preferred 1,500,000 100,000 Bergen Trust Oo Commercial Tr N J 3,400,000 N J Title Guar & Tr. d2,999,996 North Bergen Tr Oo 100,000 Common 1,228,604 35,064 n 506,646 l 79,757 4,221,931 705,484 27,823 .. 47 46,349,805 100 3.474.665 37 M 32,190,460 [ 6 7 r30 mm 17 Pet Mech & Farmers Bk. 7 25 \ 30 980,233 100 25 59,762,786 24,154,634 12 X 1,103,439 10U 53 mm 1,410,717 3,432,626 Nat Com Bk & Tr (in 5,149,883 59,947,601 State Bank of Albany d2,900 000 p2,575,974 112,521,472 first Trust Oo d2,980.000 418,416 23,787,511 share 600 250.000 100 100 420 230 50 50 " 440 240 60 Auburn- 29 31 Nat Bank of Auburn 400,000 3 4 Auburn Trust Oo.. 70D .000 2 Binghamton— Oity National Bank. 349,645 107,903 6,115,344 5,934,564 100 756,444 411,961 527,447 9,565,369 9,888,999 7,696,611 100 100 Trust Oo of N J— 1,140,000 Common Preferred A 2,500,000 W est Bergen Tr Co.. d 400,000 J2,175,237 29,515 a 53,422,955 2,834,611 1X h r 5 4 400,000 Bank: First National 600,000 (500.000 Marine Midl'd Tr Co Long Br&nob— 230.000 53,907 2,636,911 50 280,882 325,753 14,906 824,366 7,782,900 7.111.666 1,719,205 25 150 9,939,690 15 Brooklyn—State B ank <* Tru Morristown— First National Bank. National Iron Bank. American Trust Oo_. Morristown Trust Oo Mt. 10 Sensonhurst Nat 50 "27" 16"' Holly200.000 445,445 155,478 100.000 50 50 2,904,241 1,672,861 150 100 160 Newark— Bank of Commerce of 58.256 600,000 Franklin Wash Tr Oo Mt Prospect Nat Bk. 884.000 391,674 121,189 Newark 100 100 25 1,465,766 8,814,920 20 23 8 12 6,833,123 8 1,255,047 144.130 1,444,038 600.000 nl, 691,115 526.980 / 400.000 564,820 Federal Trust Oo... 1,622.500 Fidelity Un Tr Oo— d7,500,000 45,812 1,088,588 7,804,034 Merch & Newark Tr 2.600.000 Union National Bk.. a 336.300 pi,849,690 n 118,557 United States Tr Oo. West Side Trust Oo. 600.000 566,563 386,410 1.076.000 45 41,316,547 21,869,412 2,881,514 1,939,844 32,932,277 143,393,689 16,878,453 3,375,410 3,326,883 10,313,986 100 70 75 100 500 225,000 ! 950,000 550.000 500.000 ! 8.200.000 500.000 144,332 2,559 ,233 108,892 2,597 ,361 55,413 2,875 ,386 3,627 ,181 315,950 7,918 ,404 343,730 5,648 .373 297,628 5,669,948 114,514 ,936 6,207,131 41,247 .957 50 100 89 33>i "36" 100 100 65 105 "46" *47* 50 55 68 100 73 100 1600 1640 26 Common 2,200.000 Debentures 2,500.000 Lincoin-B Side N Bk d 200,000 mm-mm Tr Co. 5.000.000 (8.000.000 Marlne Trust Co 51,017,368 10 13 15 148,779 2,162,719 7,865,714 90,778,656 8.729.063 160.296,925 10 8 10 13,526,994 20^ 5M 10 (32 t 2!i Elmlra— 8 10 Ohemung Oan Tr Oo 800,000 10 9 23 10 25 First Nat Bk&TrOo 1.237.500 10 24 26 25 25 50 25 "26"* "22"" 25 b 15 18 20 1,571,639 743.113 11,630.028 14,340,000 144,360 524,921 5,082,072 9.532,404 311,967 12,938,795 658,338 157,754 484,386 8,016,699 3,786,570 4,865,816 100 400.000 200,000 467,623 1,223,435 100 250,000 150.000 128,504 90,813 465,582 472,936 2,019,335 1,178,734 4,108,322 6,469,192 25 Ithaca— First National Bank. d 600.000 Tompklns Oo TrCo. 650.000 d 100 25 65 Jameatown— 871,250 Peoples Nat Bk 300,000 25 10,185,223 6,176,566 N 100 re cent sa 388,424 358,927 les New BrunswTrOo— Common 300,000 Preferred 471,273 103,218 1,848,267 I10 0 r30"~ 110 ■ North & West Hu dBon— IstNat Bk of Un City d 337. 896 118,460 Preferred Hamilton Nat Bank of Weehawken 32,199 4,384,256 n 100, 000 500 000 i 60 1,332,820 60,519 117,298 119,024 107,532 354,175 1,930,880 14,614 1,186,346 5,652,357 5,597,146 3,274,687 8,372,107 25,992,810 1,340,250 Passaic— Passaic N Bk&Tr Oo d2,250.000 1,783,252 1.000.000 p 313,822 People's Bk & Tr Oo. 29,630,425 4,760,708 598, 500 100, 000 400 000 Weehawken Tr Co Oity. al.OOU, 000 Woodcliff Trust Oo__ 145, 000 25 50 25.837 ... 249,234 176.0<H 124,242 62,481 578,964 93,830 100,000 Mld-o»ty Trust Oo.. 4 Plainfield Trust Oo. dl, 150, OCX) State Trust Oo d 247.500 . 8 10' 20 2 Common Preferred Second Nat Bank Paterson Sav tnut 680.000 408,456 625.000 103,000 300.000 52,61.5 55,670 600.000 375,000 l.oOO.OUO 1,000.000 7H Common Common Preferred Hamilton Trust Oo. U S Trust Co— Common 100.000 300 13 20 350 (50 /: 926,419 823,726 2,122,232 150.000 11 25 16 20 100 4 550.000 o 10 re cent 100 sa les 100 100 8 10 5 250 8 10(i New York City- Deposits A ew York Ci and ly banks are repo rled "ft arc o/ Sur plus and p rofits are of date March 7, *38 April 2, 1938. llt'Hll I for National and Dec. 31,19 37 for Stat e banks, a ■cor a of banks and trust companies in New Yo rk City and Broo klpn » w be found inour"Rai Iway" Secti on, pages 1 93, 194,195 .196 197. 198. , 25 Amalg Bank of N Y. 25 N 2 4,209,910 1,370,094 1,231,458 16,850,439 3,909,387 100 100 0 Ootnm'l Nat Bk & Tr re cent 25 650.000 □unbar Nat Bank.. Fifth Ave Bank First National Bank. sa 25,200 5,938,100 Bk of the Manhat Co 20.000.000 P25862263 481,073,000 Bank of Yorktown.. 1.000.000 756,900 n 7,134,900 Chase Nat Bank 100,270,000 128391441 1985595000 les 7.000.000 8,247,399 500.000 383,354 500.000 p3,688,422 n 72,136,000 3,154,096 48,433,000 10,000,000 109384484 451,658,000 Grace Nat Bk of N.V 1.600.000 1,937,473 n26,157,131 Merchants Bk of N.Y 400.000 215,400 n 4,997,700 Nat Bronx Bank d 790.000 255,949 p 8.102,730 100 80 12,400,120 J100 1 6C 1,148,827 100 1 1 1 1 1 • 20 2,181,642 1 1 1 1 1 1 50 12,776,635 J 50 \ 20 60 ""45"" 16,646,113 80 25 29,778,361 100 10 ""18H 13.55 100 20 48 66*3 54 25^ ,1V* 133 127 25 100 740-" "710" 100 1580 100 100 50 1620 ll/f" loo" 42 37 "160" * a ~50~~ 85 Prospect Pk Nat Bk Preferred Citizens Trust Co— 7H N 4 First National Bk— Nat Un Bk of America Paterson Nat Bank— 500.000 Kingston Trust Co.. 20 Paterson— Common Preferred Haledon Nat Bank.. d 200.000 First NBk of Rondout Nat'l Ulster Oounty Bank of Kingston. Rondout Nat Bank.. State of N Y Nat Bk Plainfield— First National Bk Plainfield Nat Bank. 10 990.000 300.000 10 10< 1,370,043 f I 141.414 Liberty National Bk Guttenberg Merchants TrUnOlty Oomw'lth Tr Un City Gutfb'g Bk & Tr Oo 500.000 Debentures "A"__ Debentures "B"._ The First Nat Bank. Nat Ohautauq Oo Bk Kingston— 100, 000 42, ,750 Common Bank of Jamestown: Common Union Trust Co Nat Bk of W N Y— 240,000 : 525 15 .4 M New Brunswick Nat'l Bank of N J Preferred 200.000 : Klngsboro Nat Bank Lafayette Nat Bank. People's Nat Bank., Brooklyn Trust Co: Rings Oo Trust Co.. Mfrs & Trad 3,000.000 National State Bank d Clinton Trust Oo Columbus Trust Oo n Bk Citizens Bk of Bklyn Flatbusb Nat Bank. Liberty Bk of Buffalo Nat Newark & Essex Huds Tr Oo U 311 937. Buffalo— 150,000 Lincoln Nat Bank... Banking Oo st Co. retur ns dale Dec. Nat. banks Mar. 7 *38 595,488 200,000 600.000 p Union Nat Bk&TrOo Farmers' Trust Oo 50 100 500,000 Long Branch Bkg Oo 1200 100 Sale price, t Marine Midland Corp. March 31, 1937. b Includes c Preference stock. security stock, d Common and preferred stock capital debentures outstanding. 329,316 600.000 594.000 264,366 dl.325.000 392,975 600,000 750.000 357,327 4,472,756 ( 25 125 50 I 100 50 1 50,000 9,252,551 11212 3,748,058 10 13,099,564 noo 1 50 e Represents capital, surplus and undivided profits. f Includes preferred c - m m m rl2^ stock retirement fund. 3 60 0 Includes h Affiliated with the Trust Co. of New Jersey, Jersey Oity. ( 16 15 ~ Controlled reserves. by Marine Midland Corp. k June 30. 1937- 1 Last sale. n 0 p r s Dec. 31. 1937. Sept. 30. 1937 March 7, 1938. Preferred Directors stock of the 6 retirement Camden price Safe r - - T Deposit & Jersey Trust Co., both of Camden, N.J. on Trust Co. and the West March 14, 1938 approved a plan to consolidate the two institutions under the title of the Camden Trust Co. early in April, u Reserves. April, 1938] National Banks NEW YORK March 7 Surplus & Profits Capital TKUST AND BANKS National Banks State Institutions Dec. 31 Par Nomi nal N. Y. City (Concl.) s S $ National City Bank. 77.500,000 58,493,483 1612009000 12 X NatSafetyBk& Tr Co si .014.300 f 500,000 /15,242,300 12H Penn Exchange Bank 244,400 / 3,122,900 10 C529.000 Public Nat Bk&TrOo 7.000,000 8,931,958 130,097,000 17 X Schroder Bkg Corp. 5.000,000 2,261,976 / 22,327,664 Sterling Nat B & T.. 1.600.000 1,944,858 d26,226,068 "25 Trade Bank of N Y_. 0418.750 285,300 f 6,495,400 12 X Trust co. returns d ate Bk of Athena Tr Co. Banca Com It Tr Co Banco dl Nap Tr Co. B'kof Montreal Tr Co Bank of N Y & Tr Co Banker* Trust Oo Bronx County Tr Co Cent Han Bk&Tr Co Chemical Bk & Tr Co City Bank Dec. Per share. 21 14 11 9 22 X 21 ~20X 22H 16 20 144.400 834,631 612,800 605,600 3,477,700 11,657,584 16,022,600 223,200 6,000,000 dl3539146 174,975,868 25.000.000 76,932,372 819,473.017 257,500 20,116,100 542,500 21,000,000 70,476,231 831,259,130 20,000,000 54,625,894 506,375,322 Ossinlng Trust Oo. 102 96 50 "loo 10 Peekskill N B&TCo Common . Bid Par Per $ 1,608,595 2,378.043 10,991 J, 30,000 Ask prices share. 20 100 mm-mmrn ------ 1,839,804 f 50 1 50 3,951,585 J Bk & Tr Oo 8 2 6 15 10 5 3 10 8 300,000 33,183 5,627,518 3,036,875 3,370,235 1,722,818 1,962,683 7,573,974 due—five Nat Bk... Rye Trust Oo 550,000 195,000 200,000 35,515 127,093 19,951 44,128 81,371 78 81 tarrytown N B&TrOo White Plains— Citizens Bank 35 37 m ****** 2,832,968 12 X | 405,092 550,000 176 250 e — 50 io 100,000 500,000 10 I 8 4 ""id"" "loo 30 100 15 20 25 15 20 "50"" Peoples N B & T Co: m 5X Farmers' 20 50 25 60 14 11 10 10 11X 20 39^ 40 M 100 10 "Isx "l9X Common 200 220 20l~ 493,912 25 20 25 871,864 10 18 23 49,891 8,606.953 I 20 \ 20 1 2 7 12 \ 25 "38" "43" 20 14,201,127 Yonkers Nat Bank & Trust Co— 10 100 997,678 f Yonkers— Central Nat Bank First National Bank In Yonkers 25 123,231 300.000 f County Trust Co 241,592 350,000 Preferred 50 800,000 200,000 1 150,000 680,000 e Common Fiduciary Trust Co.. 12,059,000 1.000,000 2,027,000 Guaranty Trust Oo.. 90.000,000 dl81813540 1303953 080 174,194 170,000 Preferred Westches Oo Nat Common 7 20 Trust Co 10,000,000 £114033 109 58,788,500 Clinton Trust Co 502,000 0 8,144,000 750,000 Colonial Trust Co 1,000,000 d 616,448 7,744,782 Continental Bk&Tr. 4,000,000 d4,239,834 53,891,429 Corn Ex Bk & Tr Co 15,000,000 18,052,039 292,526,346 332,200 Corporation Trust Co 600.000 33,900 Empire Trust Co 3.500.000 3,947,134 76.076,573 Equitable Trust Co. 610,900 500.000 221,900 Federation Bk& Tr Co 825,000 1,066,000 10,773,000 Fulton Trust Co 2,000,000 2,889,970 23,627,831 Gross Deposits Peekskill— Mutual Trust Oo. 339 330 39 X 41X $ 210,200 350,000 e Dec. 31 Nom. 200,000 & Trust Co Mt Pleas Bk&TrOo Port Chester—1st N. 100 100 Surplus & Profits Westchester Co. (Concl.)— Ossinino—1st Nat Bk Preferred Pleasantville— 31, 1937 500.000 2,000,000 1,000.000 1,000.000 Capital Ask Bid Institutions State NEW YORK March 7 Gross Deposits 107 COMPANIES 400,000 I / 400,000 206" Preferred 100 100 100 Hellenic Bk & Tr Co. 249,375 2,945,053 1,000,000 50,000,000 61,732,194 519,097,285 Schroder Trust Co.. 1,353,100 17,319,406 1,000,000 Lawyers Tr Co..... 2,000.000 dl,952,044 40,419,529 Irving Truct Co 9X 10X 25 28X ~32X 20 27 X 45 5 47 77 80 10 100 d Mfrs Trust Co: Common Convertible pref__ Marine Midi Tr Co.. 32,998.440 145122073 595,893,076 / 9,400.520 9,020,975 104,788,878 New York Trust Co 12,600,000 27,798.656 324,291,006 Pan American Tr Co 181,000 600,000 4,162,000 Savings Banks Tr Co 2,500,000 4,752 200 99,441,300 6.000,000 Title Guar & Tr CoCommon 10,000.000 11,265,171 Debenture notes.. Trust Co of Nor Am. 8,373,670 800,000 229,300 863,400 1.000,000 2.000.000 28,760.935 0 Underwriters Tr Oo. U S Trust Oo of N Y h 25 25 5X ( 20 5,963,300 10.442.100 85,482.588 loo 100 1 3X 4X 250.000 153,465 2,902,720 0 450.000 4,511,714 10,729,264 6,437,743 53,948,041 100 1465 share 128 20 CharlotteCharlotte Nat Bank. Commercial Nat Bk. 87 1515 77 • Per 0 nal. Nomi I Aiheville— First Nat Bk & Tr.. 200 17,886,691 NatiMarch7nk' NORTH CAROLINA Stale-^^fH^tions 28 X 600.000 398,231 489,782 Union Nat Bank 300.000 542,695 American Trust Oo_. 1.200,000 dl,969,602 70 200 200 255 50 100 100 100 265 Durham— Citizens' Jamaica, L. 1.— Jamaica Nat Bank.. 0 372.440 Rochester- Mech & Farmers Bk- Common 2,800,000 2,500,000 4% Conv.Preferred Central Trust CoCommon 0 J1,929.458 71,900,203 J 20 \ 50 25 28 41 44 600,000 1,200,000 Geneeee Vail Tr Co.. 02,550.000 Roch Trust & S D Co 1.000.000 Security Trust Co— Common 300,000 200.000 Capital notes J 324,217 590,607 3.060,000 j2.393,279 16,642,972 f Common 3.000,000 1.000.000 Capita] notes..... J1,322,946 *25 15,533,690 20 37,558,858 31,808,655 Union Trust Co: 45,413,759 20 J100 8X 11X 150.000 / 46,440 500,000 dl,119,853 200,000 lon.oon 214,000 0 a 151,476 111,000 56,026 1,469,177 12,520,710 1,915,182 1,950,647 1,224.991 100 3,397,645 ( 10 25 20 25 25 150,000 50.000 800.000 Preferred | 207,669 18 25 **~m>m** + .. 10 1 10,862,795 10 N O re cent sa les Security Nat Bank— Raleigh— 90 First Citizens Bk&Tr 0 790,000 d 696,615 18,137.063 25 Wilmington People's Sav Bk & Tr 82 80 75 —— m m* ** Greensboro— 12 9 ******- —— Guilford Nat Bank— Common Capital notes 0 180.000 116,584 641,637 2,679,068 7,179,676 25 1000 Wllm Sav & Tr Co. 330,154 300.000 , 10 Wilson— Branch Bkg & Common ji30 Tr Co 400,000 Id 988,839 396.000 Preferred Nat Schenectady— Ok of Wilson 100.000 / 154,174 110.000 \ 90,000 03.970.000 76,522 17,697,134 (100 275 250 (7160 1160 25 2.853,629 mmmm m Winston-Salem— Mohawk Nat Bank— Preferred 0 Home Savings Baok. Lincoln-Alii a Bk&Tr 214,117 6.025,591 425,351 526,072 300,000 750.000 61,337,130 8,660,919 8,111,539 15,206,811 851.907 21,882,634 20 J 440,987 9,061,773 J 20 04,691,844 dl,313.948 Common Bank. Fidelity Bank Depositors Nat'l Bk. 100 2,666,969 Nat 53,788,962 200.000 1 253,590 ... ... Union National Bank I 400,000 Citizens Trust Oo— Schenectady Tr Co.. 1 10 10 010 First National BankCommon .. Preferred Wachovia Bk &Tr_. 100 100 ^2,170,601 e200~ 100 2,702,930 J I 10 10 **m+mm ************ 100 72,089,425 135 130 0 Syracuse— Lincoln Nat B & TCo 1.200.000 27X 29 H Merch Nat J) & T Co Common.. Preferred First Trust ic Dep Co Common 750,000 180.000 1 12 14 20 6 (720 National Banks NORTH DAKOTA March 7 6 4X Syracuse Trust Co_. Common 1,000,000 1.400.000 Capital notes Jdl374709 29,126,090 e 12 14 Nomi nal. Per Fargo— Dakota Nat National Oi;y Bank. Nat 50,000 164,699 106,841 Bank 1,473,186 707,530 123,923 600.000 634.400 0448.500 0 Troy Trust Oo 59,840 21,457,343 i 2 5 25 11,143,080 7,111,597 3,671,846 I6s(5 Common 128,603 204,949 70,475 6,128,830 3,112,845 100 N 0 500,000 18 22 Merch Nat Bk&TrOc n 4 5 **or & Dakota Tr Oo c 150.000 250.001- 5 share 100 2,285,210 1,919,434 First Nat Bk & Tr Co Manuiactur Nat Bk. 01,400.000 Union 0201.000 Fargo National Bk.. Troy— Bank.. 0 100 re cent 25 sa les 8 a n 100 Utica— First Citizens Bk & T l.ooo.oon 990,000 Jl,452,634 600.000 196.000 j 496,346 400,000 Preferred 127,320 32,207,368 Oneida Nat Bk & Tr 1 H {2i*o (760 National Banks Common Preferred 9,808,800 J 20 t OHIO Institutions State 25 Match 7 Dec. 31 Nomi nal Common 210.000 Preferred Northern N Common 120,000 J 113,134 Dime Savings Bk Co Common 5,556,457 20 4,056,629 J 35 o I cent 40 Y Tr Co 500,000 280.000 | 360,050 10.685,152 First-Central Tr. Co. 100,000 | <25 149,058 933,474 89,421 21,000,943 3,434,876 - - «. N - 100 14,066,684 1,315,324 536,294 18,728,965 10,882,329 100 1,231,987 171,653 143,924 9,750,045 3,280,941 1,620,854 100 260 100 95 10 9 les 100 200.000 608,000 J 622,792 995,000 01,000.000 400.000 Capital debentures 0 re cent sa Common. share 100 15,856,446 Canton— Westchester Co— t Bronxville— First National Bank / Geo. D. Harter Bank 200,000 350,000 179,188 186,207 3,537,148 4,176,431 0 700.000 0 267,500 616,645 116,012 641,460 12,724,313 3,206,155 6,454,566 80,537 2,391,041 4,624,338 1,509,649 14,878.620 Tr Co e 20 100 17 125 03.000.000 0 115.000 Huguenot Tr Co.. 0 300.000 / 650.000 New KochePe Tr.. 01,600.000 First Nat Pruk 280,679 143,743 514,093 100 100 125 20 175 v 10 0 145 i 100 22 CincinnatiAtlas New Rochelle— * Central Nat Bank. 495,000 1,243,980 Capital notes Gramatan Nat Bk & Mt. Vernon—lit N. 200.000 1 Goodyear State Bk.. Flrestone Pk Tr&S B les Capital notes.. Bronxville Tr Co... Per Akron- Watertown— Jefferson Co Nat Bk Watertown Nat Bk IX Nat Bank Olnn Bk & Tr Co... 0 200.000 Columbia Bk & S Oo 0 199,500 — m*mm U 2~X t Marine Midland Corp. a June 30. 1937. 31, 1938. The Northern & Dakota Trust Co. of Fargo, N. Dak., voluntary liquidation on Jan. 8, 1938. d March 7, 1938. e Common and preferred stock or debentures outstanding. b March 20 20 27 30 10 1 3 20 23 28 1 c placed In /Dec. 31, 1937. 1 ■ - a i k Retirement price. Controlled by First report. Marine Midland Corp. I Last sale, n Member First Bank Stock Corp. 108 BANKS National Bank$ March 7 Surplus & Profits TRUST State Institutions Dec. 31 OHIO Capital AND COMPANIES **aiMarch PENNSYLVANIA Statejimtitutions 7 Oross Surplus "Cross Par Deposits Profits Capital Ask Bid Deposits Par Cincinnati Won.) % First National Bank- 5,000,563 6.000.000 Per 75,880,306 100 600.000 192,296 600.000 1,130,323 240.400 160,968 People's Bk A Sv Oo d 600.000 6 291,870 Prev S Bk A Tr Oo. 1,800,000 3,178,388 Second Nat Bank... 854,671 1.000.000 So Ohio S Bk & Tr Oo 600,000 6 608,705 Western Bk A Tr Oo d2.000.000 6 317,630 Central Trust Oo... 6.000,000 62,162,497 I BkATrOo . Lincoln Nat Bank.. Northslde Bk & Tr Oo d 5,624,118 9,656,192 2,331,445 2.981,694 46,121,838 16,008,483 7,165,015 11,800,033 65,531,551 100 . Fifth-Third-Union Tr ust Merchants Nat'l Bk. 100 50 100 10 100 100 Nat Bank.. Lehigh Vail Trust Oo Second 90 220 55 "27" 1ft 5 100 78 81 108 1,598,707 2,170,187 1,371,088 883,010 150,000 295,500 279,583 Oommon 250,000 263.390 249.300 432,984 4,253,784 f 10 253,468 2,849,645 2,300.000 J100 160 140 100 25 10 100 105 26 125 6.276,557 /100 125 150 16 18 5,377,490 7,160,075 41 36 23 ...— Preferred---—— 1100 Altoona Trust Oo— Oommon...----- 93,805,838 12,082,958 8,376,479 First Nat Bank— 115 5* 1.000.000 1,000,000 450,000 500.000 Altoona— 29 150 138 140 115 Oo— 5.000.000 163376 935 Common... Capital debentures Bank Allentown Nat share, Per Allentown— share. 122 115 Nerweod-Hyde Park Ask Bid Nomi nal, Nomi nal. Preferred Central Trust Oo— t 10 100 "166"" ClevelandAmer Sav 300.000 6 Bank Oo. 201,258 100 4,589,619 Erie- 200 200.000 Bank of Erie First National Bank. dl ,252,500 5.000,000 11,458,947 124,914,486 { 20 7,920,000 I 16 Olev Sav A Loan Oo. 589.731 250.000 1,981,975 100 Lorain Street Bank. d 485,000 6 60 154,661 4,357,298 National Oity Bank. 7,600,000 4.415.831 135,338.217 20 North Amer Bk Oo. d 190,000 6 59.606 673,959 100 Cleveland Trust Oo Oommon 13,800.000 164276 873 336,857,256 100 Capital notes.... 14,137.600 Union Sav A L Oo.. 1360,229 900.000 2,835.674 100 8 6 .......... Preferred........ o24 275,295 10 1,138,067 13,379,705 100 100 700,029 7,780,429 662s 15 3,778,125 300,000 769,950 200,000 348,375 13,021,602 f 59,000 1,445,436 396,510 Oapital Bk A Tr Oo. Harrisburg Nat Bank Central Trust Oo 300.000 155,514 388,871 826,917 909,504 34,576 2,795,641 3,992,671 21* 23* 80 90 Union Bank (The)-. d 100 10 100 95 105 100 165 60 157,097 Security-Peoples TrOommon Preferred —— I 50 —mmmt III 1 1 111 iii it 1 1 1 i 1 50 i< 11 11 11 11 11 IQ i*510i_ 50 Harrisburg— Columbus— Branson Bk A Tr City Nat Bk A Tr Columbus Saving Fifth Ave Sav Bk 67,634 1,596.287 116,173 114,949 2,325.765 Oo 250.000 Oo dl ,600.000 Bk d 80.000 200.000 Oo c Huntington Nat Bk. d3,600,000 Market Exch Bk Oo. 200.000 176,993 70,437 Northern Sav Bk... d 150.000 Ohio National Bk... c4.000.000 3,120,228 2,980.141 27,581.166 1,654,482 2,487,582 54.718.851 3,906.988 1,395.632 64,451,081 15* 17* Merch N B A T Co— Common 200.000 ; 295.000 842.000 ........ Preferred Third N B & Tr Co.. d Winters N B & Tr Oo ..... Oommon ........ Preferred — 169,069 175"" 400.000 10 4,333,617 10 13 90 70 8 10 25 50 6,186,227 12 82 63 953,257 70 125,000 Dauphin Dep Tr 400,000 400.000 61,259,396 13,090,438 loo ~/420 1,474,438 11,673,124 100 400.000 600,000 625,000 762,958 1,082,806 407,788 10,487,097 20 10,841,254 8.429,655 20 /46 50 I 100 300,000 L 404,679 5,886.947 188,180 300.000 10 10 238,864 1,931,532 10 7,185,852 50,141,006 9,159,400 10 50 26 17 19 20 40 37 42 * Oo. Harrisburg Trust Oo 275 loo C 20 Lanoaater— Conestoga Nat Bk.. Fulton Nat Bank Lancaster Oo Nat Bk Farmers' BkATr Oo 7.407,478 /100 95 Oommon 553,671 14,392,515 "25 25 636,307 1,500.000 800.000 300,000 Citizens Trust Oo c Dayton— 32,263,089 J100 V 60 92 102 13,245,152 35 40 Preferred Northern Bk A Tr Oo 155 15 .... To" Philadelphia— ToledoCommerce Guard Bk Common...... 500,000 ,6 673,651 400.000 Capital debentures Nat Bank of Toledo: Oommon..... 200.000 [ 178,750 165,000 Spitser-R T A S Bk. d 500.000 > 252,543 Ohio Oittzena Tr Oo. d 600.000 6 734,844 Toledo Trust Co.... 5.000.000 62,720,916 Preferred. _ 686,275 52,902 50.000 Lawrence Park N Bk Marine Nat Bank dl,291,000 Nat Bk A Trust Oo.. 300,000 . _ v 138,839 Allison-East End Tr. Central Nat Bk— Common 25 {.? 2,541,737 11,755,163 78,519,958 125 50 20 33 50 55 37 60 Youngstown— Dollar Sav & Tr Oo— Common.... 1.250.000 16 608,745 Oapital notes..... 2.000.000 / Mahoning Nat Bank dl ,625.000 432,887 Union Nat Bank. 1:250.000 1,917,847 14,460,346 17,858,365 17 { 50 "25 VIS" "16 * 100 145 115 Oommon Oapital notes 750,000 16 172,781 1.243.700 5,893,727 25 400,000 97,774,755 3,356,480 85,006,726 2,860,554 8,594,081 30,817,778 13,425,055 100 10 280 45 63,915 1,811,509 10 6 178,400 180,141 2,053,094 3,128,275 105,000 I 95,000 250,000 200.000 ..... PrfifflPPftH 19 Oitv Tr A Sav Bk- 9,036,053 127,780 5,428,449 67,418 253,844 4,196,073 1,952,849 Kensington Nat Bk. dl,138,517 1,000.000 Market St Nat Bk.. NatBkofGer ATrOo Nat'l Bk of Olney— Oommon... 12,672,616 281,000 Oorn Exch Nat Bank A Trust Oo——— 4,550,000 Erie National Bank. d 470.000 First National Bank. 3,111,000 Glmbel Bros Bk A Tr 200,000 3.816,963 1100 ....... Oentral-Penn Nat Bk 3,040,000 City National Bank. dl,100.700 North Broad NatTBk Northeast Nat Bank 500.000 • ..... Preferred 650,000 100 50 L Northw'n Nat Bk— Oommon........ 275,000 1 144,065 2,988,407 Preferred.... 225,000 I Philadelphia Nat Bk 14,000.000 25,345,374 366,913,132 Roosevelt Bank d 270.000 i 39,526 2,134,000 Second Nat Bank— Oommon 60 100 711,702 10 "23" ..... 10 50 60 f 25 15 I 25 20 "95" 50 41 280 §5"" 295 48 8 alO 6 68 17 a25 97 14 7,794,785 f 10 I } 265 28 8* 10 10 South Phlla Nat Bk- Oommon........ Preferred. ■ Tioga Nat Bk A TrOo d OKLAHOMA I* National Banks March 7 State Tradesmen'sNatlonal Bank A Trust Oo. Institutions March 7 100,000 75,000 McAlester— Nat Bk of McAlester First Nat BkofMcA 152,197 75,498 100,000 2,373,492 1,444,241 213,000 255,536 2,727,850 2,280,217 168,398 100.000 2,445,084 3,689,334 4,870,762 100 100 25 N re Oklahoma City— Oity Nat'l BkATr Oo 100,000 300,000 400,000 521,170 393,386 200,000 5.000.000 257,431 3,136,442 245,436 802,509 43,037 Tradesmen's Nat Bk Stock Yards Bank... 40,000 338,907 24,383 5,660,242 52,545,775 6,960,287 18,955,235 1,517,862 15,102,535 858,523 2.000.000 1.714,057 43,852,143 Tulsa— First Nat Bk A Tr Oo Fourth Nat Bank— 500.000 Oommon 125,000 \ 259,939 Preferred 175.000 Nat Bk of Oom'erce. d 63,591 346,250/ Nat Bank of Tulsa— h Oommon...... 2.250.000 12,654,203 ^Preferred. _ West Tulsa State Bk 1,500,000 25,000 13,665 cent les Banca Oom It Tr Oo. Broad Street Trust.. Chestnut Hill T A Tr Fldelity-Phila Tr Oo Finance OoofPa... Frankford Trust Oo. Oommon 1st preferred..... 2d preferred Land Title Bk A TOo OREGON 100 150 185 10 26 32 100 50 100 100 175 100 125 100 20 24 100 IOO 5,015,222 20 4,824,926 20 20 75 225 125 160 125 26 —— 20 62,048,844 J 1° ( 20 358,799 100 "15"" "20" 25 iI5 Penik Oo for Insur on Lives A Grant Ann Tr A Safe Dep Oo. Penn W'h'g A S D Oo Provident Trust— Real Est Tr Oo 30 m aw« Security Bk A Tr Oo. Sonsitaly Bk A Tr Oo Institutions March 7 314,937 — • 7,168,133 100 3,454,530 98,503,997 100 503,627 4,185,973 100 share 995,973 2,000.000 3.000,000 1,542,110 I 4,500.000 4,494,110 112,066,^01 20 30 189 108 31* 9 14 290 175 48 16 * 11 22 300 185 52 18 70 * 8* 1* 10 31,267,023 8,586,777 6,015,036 19,376,420 12,570,730 7,165,232 8,400,000 14,548,595 224,403,782 750,00° 1,134,728 928,035 3,200,000 14,164,080 46,492,780 1.500.000 62,411,861 10,575,877 300.000 242.896 3,305,683 f 1 8 5 10 50 30 50 29 10 100 9 34 32 10 50 560 90 590 100 10 100 100 370 23 X 55 50 10 53 3,007,008 50 40 1,245,277 717,120 11,683,347 50 PittsburghAllegheny Valley Bk. 200,000 Arsenal Bank Bank of Ohio Valley. Braddock Nat Bank. 200,000 500.000 227,688 262,154 104,472 876,108 10 100 Sale price. Preferred 100.000 stock retirement price. 7, 1938. Member of the BancOhio Corp. d Oommon and preferred stock or debentures outstanding, e June 30, 1937. i March 31, 1937. I Last sale. s New stock. x Ex-dividend. V Ex-rights. . 3 alO lio /Dec. 31, 1937. 180 100 n 36,409.239 h Preferred stock retired, 3.000,000 300,000 153 95 7* 809,942 5 March Portland- First National Bank. Portland Tr A Sav Bk United States Nat'l Bank 145 14 10,232 c Per 200.000 100 39,438,517 2,719,534 37* 100 2,165,950 20 1,762,361 50 1,506,970 617177 125 100,263,120 100 100 e7,315,742 641,114 10 1,325,573 10,078,912 10 2,550,040 21,223,466 10 11,370,539 110,644,160 10 1,188,697 11,559,895 4,645,355 90,210 342,360 427,823 96,524 125.000 a State Nomi nal. National Bank 6 - Eugene— First 600. u0»» 25 Common-.--. 3,750,000 15,493, Preferred... 7.425,000 Liberty Title A Tr Oo 1 .OftO.Of'O 1,250,0 Mitten Bk A Tr Oo 1.500.000 698,334 Ninth Bank A Tr Oo d2,226,990 6 821.711 Northern Trust Oo.. 600,00< 2,783,570 Nor Phlla Trust Oo. 600,000 1,278,788 * National Banks March 7 2,320.000 r 20 t 30 2,544,304 Integrity Trust Oo— - 1UO 250.000 German town Tr Oo. 1,400,000 Glrard Trust Oo 4.000.000 Industrial Trust Co. dl,132,250 ..... 100 100 400.000 6,700.000 11 3,241,273 . Fidelity Nat Bank.. d 450,000 Liberty Nat Bank.. 41.200,000 Oklahoma Nat Bank. 100.000 First Nat Bk A Tr Oo o sa 100 Muskogee— Citizens National Bk Commercial Nat Bk. First Nat Bk A Tr Oo 3,300.000 300,000 1,000,000 Wyoming Bk A Tr.. d Nomi nal. Per share, Guthrie— First National Bank First Stat^ Bank. 200,000 \f 123,723 100,000 60,463 405.336 100 24* 60 390 56 8* April, 1938] Capital Surplus & Profits Ask Bid Par 109 companies Gross Deposits Gross Surplus & Profits Capital (Concluded.1 Dollar Savings Bank Farmers Deposit Nat 300,000 500,000 615,500 200,000 200,000 200.000 Oo of East Pitts. 406,542 528,435 247,065 976,002 186,114 425,098 5,607,650 10,080,796 3,364,427 885,404 1,263,423 2,352,411 100,000 172.700 First National Bank. First Nat Bank & Tr 54,067,208 81,583,319 89,901,006 72,301 443,910 1,631,383 4,275,387 _ Forbes National Bk. Fourteenth St Bank. Freehold Bank Hazelwood Bk (The) Hill Top Bank...... Bank % $ , 100 1,100,000 1,200,000 Common Preferred. Q 36,352,958 /100 15X 4 1100 j 562,981 share 14 10 100 100 16,142,287 5,451,204 424,571 512,203 218,113 40,480 10 Per % 700,000 200,000 60,000 Miners A Merch Bk. South Caro Nat Bk— 190 190 100 100 50 Charleston— Citizens A Sou Bank 0 Carolina Sav Bank.. 200 185 185 100 Nomi nal share. Per 5,914,227 6.000.000 10,324,925 6.000.000 6,304,229 Ask Bid Par Deposits Nomi nal. Pittsburgh Homewood trust and bams 100 95 95 mm mmm Columbia— "io 6 50 70 50 20 125 50 60 65 *50 ----- First Nat Bk of Col. Lower Main St Bank 200.000 35,000 144,823 195,145 4,350,009 1,501,651 530,350 501,202 a 5,897,608 3,775,886 10 95* 25 at Pittsburgh.... Iron & Glass Dol Sav Keystone Nat Bk— Common........ GreenvilleFirst National Bank. 250.000 200,000 Peoples Nat Bank... 200,000 150,000 7.500.000 Preferred Mellon Nat Bank Nat Bank of America 3,817,039 / 50 \ 50 34,969,485 277.813,121 100 ) 218,238 , 58.018 1,695,300 10,337,832 1.270.000 31,100,953 35,253,619 3.705,318 5,924,041 31,572,142 18,761,623 2.559.001 501,328 22,647,609 620,969 158,000 3,937,617 3,629,388 433398 910,005 2,108.091 1,930.808 122,206 1,244,848 2.000.000 10.466.792 383,790 250.000 25 1,762,403 159,645 } ■ 52 56 10 25 26 Spartanburg— Common... Preferred........ 160.000 40,000 ... 141,625 108.375 200.000 700.000 50,000 2,000.000 Union Savings Bank. 1.000.000 Western S & D Bank i 497,500 Allegheny Trust Oo. 700.000 Colonial Trust Oo <3.742.300 Oom'wealth Trust Oo 1.500,000 Dormont SAT Oo. 125,000 Farmers Deposit Tr. 1,320.000 .... 200 Com'l Nat Bank— r Common Preferred Nor Side Deposit Bk Pitt National Bank Sheraden Bank Union National Bank Fidelity Trust Oo Manchester Savings Bank A Trust Oo. 100 *25 25 67,353 172,838 237,359 130,429 47,971 25 2,458,184 f ?0 1 20 100 4,784,206 •3,132,936 plOO 8,469,380 flOO 100 1,158,235 | 65 40 63 55 50 50 178" 188" 100 100 50 100 100 100 ~40" 80 90 95 92 90 87 "87" 25 2,555,094 50 20 23M i 90 385 000 < 250,000 800.000 150,000 N o re cent sa les 40 Tr Oo 6,000.000 10,846,649 91,199,240 Potter Title A Tr Oo i 875.000 414,544 6,000,547 Provident Trust Oo. 266,534 150.000 1,927,741 Bouth Hills Trust Oo 374,059 125,000 1.899,566 Union Trust Oo 1.500.000 93,225,073 224,396,566 500.000 Washington Tr Co.. 1,277,048 5,830,652 West End Bank 174.049 200.000 1,952,047 William Ponn Tr Oo. i 110,850 175.000 1,923,867 Workingman's Savgs Bank A Trust Oo. 400.000 1,055,788 9,553,564 A Tr. Nat Bk of 80 Dak— Northw'tSecurNatBk Union Savings Bank. 150~ 100 Nomi nal Per share. Sioux FallsFirst Nat'l Bk 50 People's-Pittsburgh 5 6 » 25 8 National Banks 100 100 85 100 6500" 100 10 50 50 60 75 10 5 6 7 6 Per Chattanooga— Amer Tr A Bkg Oo_. Commercial Nat Bk: Common 325.000 300.000 1.170300 5,843,066 17,780,543 3,741,020 15,306.527 10 Providence Bank 200.000 Bank of Knoxville 19 Comm'l Bk A Tr Oo. < WamiltphNatlonalBk Park National Bank. Scranton Nat Bk— Common Preferred West Side Bank Penna Trust Oo— Common 1.000,000 150,000 250.000 a 25 14,849,257 2,873,176 25 52 70 18 50 i 28 55 152,478 1.000.000 500.000 W-B Dep A Sav Bk. Wyoming Nat Bank. 1,423,885 500.000 250.000 250.000 225.000 214,091 357,463 513,349 2,491,065 4,577,207 5,422,665 Williamsport N Bk.. West Branch Bk A Tr a 295 220 303 100 100 220 230 3.500,000 4,477,717 64,357,862 10 23 24 Common 3.000.000 ,1,333,074 51,495,925 12 3,500,000 ( 10 11 Preferred 602,803 966,585 5,377,857 20,522,271 25 10 17 500.000 la 993,542 1.133.300 ' 9,249,008 (100 (b) 1,243,586 26,205,871 65 48 50 1,000,000 a "65" "70" 3 3H Broadway Nat Bank Commerce-Union Bk Nashville Trust Oo— 1,000.000 250 49 \ 100 300.000 Common 245 •M 1,000,000 \ioo 105 110 100 210 225 105 25 420 28 50 101 103 State texas March 7 Institutions Dec. 31 10 30 21 Nomi nal 23 Austin- 186,390 2,307,222 Per 3.091,166 660,292 10 Guardian Trust Oo.. York Trust Oo Capital stock Preferred stock "I9H 579.750 125.000 75.000 < 409,416 530,203 j 134,916 share. 100 11,672,611 14,368,495 100 100 7,830,440 1,596,251 4,168,633 5,518,522 4,663.301 4,108,833 7,302,952 300.000 Capital Nat Bank— "25" 18H 16H 10 8 24 10 333,737 27,662 559,823 188,175 506,579 879,177 522,083 500.000 770,167 750.000 al ,227,092 250.000 190,000 150.000 100.000 600,000 125,000 225,000 300,000 500,000 Western Nat Bank.. York Oo Nat Bank York N Bk A Tr Oo. 18 ' American Nat Bank. Austin Nat Bank... Common.... mmmm 50 101 400 26 50 100 YorkCent Nat Bk A Tr Co Preferred Drov A Mech N Bk. Eastern Nat Bank.. First National Bank. Industrial Nat Bank. 230 Nashville— American Nat Bank National Ranks Bank 100 9 220 Bank A Trust Oo. 60 Williamsport— First National 41,505,221 29,101,868 1,389,000 125 8 50.000 40 10 20 10 144,446 1,622,928 2,047,877 77,094 120 210 1.000,000 "60" 100 30 5,353,689 2,918,646 631,389 700,038 1,524,213 100 2,790,769 6.25 100 24,938,797 100 12,257.821 State Savings Bank Union Planters' Nat'l 25 9,022.329 1,267,428 23,489,067 14,882,780 3,949,547 7,753.791 43,993 113,711 1,126,038 477,029 20 Preferred ... i Memphis— Third National Bank Second Nat Bank... 50.000 200,000 950.000 1,000,000 First National Bank. Nat Bk of Commerce 25 750.000 * 200.000 2.500.000 "140" 145"" 15 25 1,841.295 100 — 25 a 155 1100 28 15 50 26 150 (100 share. 200 75 32 Wilkes-Borre— First National Bank Hanover National Bk Miners Nat Bank 8,074,976 39,923.291 1 75 150.000 189,550 Preferred 2,399,763 4,838,997 423,398 a a ... Preferred 50 743,580 a 200,000 100,000 400.000 25 764,547 300.000 300.000 1,148.436 62,517,800 1,113,483 2,257,000 966,222 149,555 348,655 39,555 a 382,370 11,252,853 190 100 994,066 Knoxville— 12H 10 153,774 200.000 t South Side Bk A Tr. Third Nat BAT OoCommon 186,888 4,966,703 a 4.050,000 <2,800,000 ^ 7H * Soranton— B. Scranton State Bk First National Bank. Green Bldge Bank.. North Scrant Bk A Tr 325.000 Hamilton Nat Bank. 10,616,408 625,000 Preferred 599,395 1,292,911 444,322 2.590,418 1,000.000 1300.000 March 7 Nomi nal. 9M 37 BeadingUnion National Bank Berks Oo Trust Oo.. City Bank A Tr Co.. Beading Trust Oo_. Institutions State 100 tennessee March 7 6900 7 5 — 10 m ■ 17H 100 193 195 20 55 57 25 39 25 62 18H 19 X eloo 1100 Beaumont— American Nat Bank. First National Bank. llH 10 3,185,917 J100 Becur St Bk A Trust 400.000 200,000 N 499,854 732,170 12.579,168 2,239,847 100 100 100 rec 68,752 5,730,255 108,416,317 51,894 1,390,304 20 44M 100 400,000 < n 11,427,177 sa o ent les Dfllloa First National Bank 8.000.000 Hillcrest State Bank. 25.000 n 46 Liberty State Bank: Common 150.000 Capital notes 77,700 Common 1.100.000 1 900.000 Preferred Newport— Common Nomi nal. Per 400,000 I 210.000 120.000 300.000 ..... Preferred Newport Nat Bank Newport Trust Co__ 252,356 6,201,185 1 25 share. 35 *25" 60 510,156 2,770,392 100 150.000 1.000.000 361,231 872,452 Common Common Blackstone Can Nat- 500,000 7,162,776 25 77 84,142 1,695,310 (10 10 High St Bk A Tr Oo 82 221,408 1,677,705 *10 50 120 N&tBank of OomATr Phenix Nat Bank Providence Nat Bank Industrial Trust Oo. Lincoln Trust Oo Rhode 1 Hos Nat Bk. Rhode Isld Hos TrOo Union Trust Oo 350 ,000 1 208,760 22 4,892,781 f 25 150 ,000 I 25 850, ,000 791,352 50 9,648,372 72 450 ,000 942,041 50 3,152,810 130 1,500 ,000 2,511,246 100 12,342,251 290 4,000 ,000 9,794,152 110,786,014 100 180 125 000 189,287 25 1,465,795 33 2 500 000 2,973,886 48,247,880 *100 000 a12094 998 5.000, 42,143,160 1000 2100 1.000. 000 100 1,379,497 23,327,188 140 2,237,751 Jn 78,697 2,156,231 Jn 57,138 Common . 28 * 45 46 100 20 210 215 46 jloo J 20 29 t Citizens & Southern Bank of Savannah, Ga„ system, Dec. 31, 1937. a b Member of First Security Corp. 77" 145 e June 30, 1937. d A mutual savings bank, e Preferred stock retirement price. /Member of the Northwest Bancorporation. 2250 0 Affiliated with the Citizens & Southern Nat. Bank of Atlanta Ga. 1 Common and preferred stock outstanding. ; Hospital Trust Co. I Last sale. 200,000, 248.750'f 257,921 n 50 March 7, 1938. p 1100 i 47 X 100 Sale price. k Stock all owned by the Rhode Island Woonsoeket— Woonsocket Trust Oo 37 H 20 12 110 Mechanics Nat Bank Common Preferred 100.000 62.100 125.000 75.000 Capital notes..... 1,060,651 69,708,081 6,239,045 20,517,458 i 105.000 1 95,000 120.000 ... Preferred Preferred Nat Bank of Comm. Capital notes. Texas Bank A Tr Oo: 150 Providence— Columbus Nat Bank: Common *36 M 175 Oak Cliff Bk A Tr Oo: 25 58,847 479,691 *3,701,863 Bank 20 150 U00 4,000.000 Dallas Nat jloo 26,791,920 I 956,282 RepubllcNat Bank.. Aquldneck Nat Bank 4,477,269 jn 123,706 Affiliate of the First Bank Stock Corporation. Ex-dividend. -- s — • 30 110 BAMS National Banks National Banks Par Deposits Bid Capital Ask Surplus & Profits Institutions State VIRGINIA March 7 Gross Surplus Profits Capital COMPANIES TRUST State Institutions Dec. 31 TEXAS March 7 AND March 7 Gross Par Deposits Bid Nomi nal. El Paso— $ I 300.000 300.000 El Paso Nat Bank.. State National Bank S 402,451 1,085,595 Per 10,209,470 22,019,903 100 100 ...... m * m $ Lynchburg— share. 1.000.000 527.180 7,721,259 100 I 146 600,000 500.000 493,698 353,641 4,107,262 3,930,841 60 100 1 130 1138: 131,785 First National Bank. Lynchburg Nat Bank «tf* <** 100 A Trust Oo__ Fort Worth— Continental Nat Bk. 357,778 776,360 750,000 a 14,805,965 34,685,493 60 20 m m «■»«•«» People's Nat Bank.. Depositors Industrial Loan Bank Oom'I Tr & Save Bk: First National Bank: 1.500.000 1.500.000 11,824,903 Preferred 900,000 1 " 1 ' Fraternal Bk A Tr Oo 3,947 15,420 Union Bank A Tr Oo a 230.000 / 83,958 42,309,908 f 20 1 20 ■ . 423,681 1,079,600 100,000 300,000 82,288 95,345 470,568 51,852 441,786 874,894 843,599 70,277 3,117,230 3,532,117 31,108.797 12,820,461 1,401,715 192,044 78,255 2,352,198 2,522,866 354,708 79.746 261,833 6,094,082 1,061,552 2,495.824 837,082 932,464 64,908 3,570.100 137,238 9,768,545 18,038.719 752,522 61,971,629 2,085,373 1.250.000 11,136,162 1.750.000 [ 200.000 493,023 200,000 159,693 45,167,797 ..... 10 * m 1* «* a 354,955 338,775 First National Bank. No 100 Hutchlngs-Sealy re 750,000 National Bank... 437.025 500,000 698,200 les n 50 50 240 250 100 117 118 25 33 34H 100 PetersburgCitizens Nat Bank.. 50 200,000 Petersb Sav A AmTr U S National Bank.. :i 353 h cent sa 100 8,655,794 9,648,251 t Bk Nat Bk of Commerce Seaboard Oitz N Bk. 100 15,089.640 4,842,589 .... Norfolk— Mer A Mec Sav Bk__ Galveston— 200,000 200,000 m 5 ..... 100 Merch A Planters City National Bank. 5 259,201 650,100 3,182,459 349.000 250,000 2.500.000 11,500.000 Southern Savings Bk a 162,100 Ft Worth Nat Bank: Common Lynchburg Tr A S B. «««**■■ Ask Nomi nal. Per share. 276.000 10 10 10 10 Houston— Citizens State Bank. 300.000 / 133.123 500,000 1 100.000 f 204,468 100 11,292,355 1 20 uoo 28 ;.: v. y. 3.000.000 11,649,815 2.125.000 f 49,482,756 J100 1100 378,297 632,500 1 367.500 f 1.000.000 1,576,095 a3.000,000 2,786,397 a 1,000,000 310,579 1.000,000 1,271,744 13,667,732 /100 1125 100 27,860,331 Portsmouth— American Nat Bank. 100 a 4,877,448 Olty National Bank: Oommon Preferred........ First Nat BankCommon........ Citizens 31 : 160 250,000 g 449,000 g a 90 Bank of Oomm A Tr 600.000 1,000,000 Oonsol Bk A Tr Co.. 80,000 3.000,000 200,000 First A Mer Nat Bk. 225" 245" 335 355 100 130 195 280 300 Mech A Mer Bank.. State-Planters Bank A Trust Oo: 216" 100 37,637,875 8,790,843 26,398,222 100 100 Common Preferred mercial Nat Bank. 1.500,000 2.030,346 262,507 200,000 Fldellty Trust Co— Guardian Trust Co.. 600,000 / 760,007 Houston Land A Tr. al.500.000 464,018 San Jacinto Nat BkOommon 335,000 1 103,048 Preferred 315.000 f 38,400,609 326,993 6,698,347 5,165,370 Sav Bank A Tr Co.. Southern Bk A Tr Co 100 "140" 155" 100 100 Virginia Trust Co : Ban Antonio— o 20 35 38 23H 27H 20 46" "46^ 100 15 16 H \100 1.109,318 500.000 351,877 1.000.000 1,624,974 800.000 g 337,511 70 25 15 ..... 25 50 80 5,704.285 50 24,902,780 4,213,433 100 65 215 100 90 Roanoke— 5,195,364 (100 Oolonlal-Amer Nat B First Nat Exch Bank 105 95 Uoo Port Arthur— Merchants Nat'l Bk. cent les 20 10 3,371,075 3.561,187 5,545,449 al.100.000 Mountain Trust Bk. ioo.OUU 210.000 g N re sa 110 90 i First National Bank. 50 100 100 Richmond— dlOO 100 ...... Houston Nat Bk— o Second Nat'l Bank.. Nat Bank of Oomm. State National Bank Union National Bank South Texas Com¬ 500.000 Oo__ Central National Bk. Preferred Common Preferred Trust Merch A Farmers Bk 538,875 5,019,108 3,981,829 313.879 100 625 100 if Alamo National Bk: 500.000 1 930,000 f .... Common Preferred 654,773 200.000 1 Common. Preferred Bexar Oo Nat Bank- 129,610 92,800 f 1.200.000 1,239,561 Frost National Bank Groos Nat Bank— 360.000 1 Oommon Preferred 125 000 r Nat Bank of Oomm. al.000 000 National Bank ofFort Sam Houston 100.000 San Antonio Nat Bk 400.000 a South Texas Nat BkGommon WacoCitizens' Nat Bank.. First National Bank. 17,475,180 (100 1100 2,544,151 1 ( 35,660,237 104,076 20,503,458 100 55,901 70,646 1,602,197 4,247,931 925,000 478,275 71,469 7,895,313 10,308,098 805,582 - National Banks March 7 d50 230 dlOO *175" 115 WASHINGTON 250 Per 8.000,000 2.500.000 2 500,000 Peoples N B of Wash- 1.350.000 200.000 400.000 ----- 550,000 4,947,086 135.986,514 i 20 3,653,997 67,551,113 c 25 190 1,189,382 19,362,910 715,407 23,488,775 20 100 100,489 2,380,618 20 134.982 6,074,192 100 447,921 7,557,889 28 share. 29* "lid" 144"" r 27 31 "25" "25" 52 58 " 100 50 100 160 60 Spokane— 175 70 100 First Nat Bk in Spoh 100.000 Old N 500,000 a 112,512 550,000 1 556,458 450.000 200.000 a National City Bank. Institutions March 7 Seattle— Seattle—First Nat Bk Nat Bk of Commerce Pacific Nat Bank 145 50 100 t State Nomi nal. 105 90 100 100 324,485 '' 45 "200"" 100 250.000 ' 35 50 5,280,657 (100 3,903,745 • 50 100 786,273 306,061 300.000 130 110 586,255 100 5,449,826 B A Un T Co Common n 0 re cent sa 20,016,167 (100 \100 100 7,701,888 les Tacoma— al .425.000 a Natimal Banks UTAH March 7 1,037,510 235,404 770.000 17,457,288 100 160 5,685,621 25 16 175 18 State Institutions Dec 31 Nomt nat Ogden— Per Commercial Sec Bk. 545.000 / 333,805 979.000 1,220,621 First Security Bk NA 5,773,033 19,077,458 share. 100 100 Salt Lake City- Dontl Nat B'rATr Oo First National Bank a Utah State Nat Bank Eton's Say Bk Ac Tr Utah Sav A Trust Oo a Walker Bk A Tr Oo: Common Capital notes 900,000 750,000 750.000 a 1,000.000 300.000 / 342,598 847,918 828,488 1,070,503 221,431 12,398,730 15,607,239 15,457,264 14,347,521 2,961,250 100 100 100 100 100 60 190 180 200 190 200 110 Nomi nal. 70 165 125 Charleston— ■ y 630,470 27,121,421 J100 90 95 1.062,500 ) 1,149,013 600.000 f Preferred KanawhaBkgATr C< Oommon 1.500,000 400.000 Per Charleston Nat Bk: Common........ 500.000 1 65.000 r ..... Capital notes Kanawha Valley Bk. 1.000,000 200.000 Nat Bank of Oomm. Central Trust Oo... National Banks March 7 VERMONT 500.000 Center Wheeling Sav Citizens Mutual Tr Nomi nat. Per share. 310,000 200.000 204.500 People's Nat Bank.. Quarry S Bk At Tr Co 474,518 230,700 153,652 3,504,814 2,737,242 1,921,880 100 100 lis 150 100 Burlington— 491.500 668,505 463,604 80,927 235,114 3,347,914 407.500 208,356 2,466,039 100 150.000 180.000 100.000 614,951 211,239 2,626,794 (100 92,408 224,281 1,883,840 1,322,765 100 Clement Nat Bank— 150,000 KlUington Nat Bank Rutland Oo Nat Bk: 100.000 272,915 142,012 2,841,560 970,500 100 Burlington Trust Oo. ol.085.961 6,166.532 5,994,466 624,089 N a Montpelier Nat Bank Montp'r 8 B A Tr Oo sa Preferred.. 81,757 1,123,741 100 ^ -mm* 483,731 4,860,254 100 449.650 500.000 500.000 100.000 800.000 81,000 25 533,905 518,546 144,549 743,515 1,600,000 4,698,202 4,969.648 1,107,832 5,001,983 100 75 100 100 100 90 275 305 1.800,000 2,454,847 18,752,774 100 135 145 Rutland Trust Oo... 118,551 2.980,730 \100 153,865 2,041.072 100 ...... 85 mmmmm 100 95 « ?tra Securities Co. with exception of directors' qualifying shares. Sale price. Oommon and preferred stock or debentures outstaudlng. 0 Member of First Security Corp. c Member of the Marine Bancorporation. d Preferred stock retirement price. « Member of the Northwest Bancorporation. 25 30 /March 7. 1938. g Dec. 31, 1937. 10 J100 75 a N o re 100.000 125.000 O256.500 100 10(» t Stock of South Texas National Bank of San Antonio. Texas, all held y* ♦ Rutland— Oommon les les \100 20 cent sa cent First National Bank: Common..Preferred 0 re 100 20,572,843 2,957,000 s 643,578 N ... . 1,331,579 75,462 281,891 o re Montpelier— Capital 8 B A Tr Oo 40 150,000 a Half Dollar Trust A Sav Bank a Nat Bank of W Va__ Nat Exchange Bank. i So Side Bk A Tr Oo. A Trust Oo 100 100 40 100 600.000 150 000 i 4,930.838 (100 600.000 Security Trust Co.. Wheeling Dollar Sava Chittenden Oo Trust SowardNatBkATrCo Merchants Nat Bank share. 25 Wheeling— State Institutions Dec. 31 Oo Ghranlte S B Ac Tr Oo 322,528 20,606,354 ( cent sa les ~ h ■ • ..V:V<vO vr, v; • V v' Dec. 31.1936. K 1 Member V■ First National Corp. I Last sale. n o r S Preferred stock retired. Controlled by the Joseph F. Meyer interests. Member People's Corp. Trust funds. "V, ; t Effective March 28, 1938 the deposit business of the Merchants A Mechanics Savings Bank of Norfolk, Va., was merged with that of th€ Seaboard Citizens National Bank of Norfolk. u Reserves. x Ex-dtvidend. . -•''-.yv National banks , / Capital 111 COMPANIES Institutions State WISCONSIN March 7 TRUST AND BANKS April, 1938] Dec. 31 Gross Surplus & Profits Deposits Ask Bid Par Nomi nal. La Crosse— Nat Bk of La Crosse. State Bk of La Crosse 100,000 Exchange State Bank Per $ $ 1 500.000 al25.000 400,000 Batavian Nat Bank- share. 23 H 20 20 4,649,999 1.237,424 100 6,166,175 elOO 2,746.914 100 257,196 43,064 278,876 159,430 N 0 re cent sa les .. Capital Amer State Bank 6 . 500.000 a Badger State Bank. City Bank A Tr Co.. 350.000 Bid Par Deposits Ask 20 17 20 2,169,777 6,053,188 3,078,524 110,747 122,034 119,777 200,000 Gross Surplus & Profits Milwaukee— Halifax- d "40" "50" * $ Bank of Nova Scotia 12,000.000 24,000,000 241,061.074 Per $ cent. 9.000.000 114,870,029 6.000.000 Bank of Toronto— Can Bank of Comm. 30,000.000 20.000.000 510,631,022 100 Per 250 100 1585* 162 7,000.000 111.646,418 8,nOO,nr»o 121,892,551 100 224 100 220 100 7.000.000 5,000.000 126,454,768 Banque Oanadlenne. 750.000 14,777,428 1,500.000 Barclays Bk (Canada) 4,000,000 1.000.000 46.126,565 Provincial Bk of Can 35,000,000 20,000.000 694,691,234 Royal Bk of Canada 5.000.000 16,334.204 197,208,126 8,500,000 125,416 a350,000 1,982,337 49,193 1,656,430 100.000 ..... ' 100.000 1 35,906 300.000 2.200.000 2,252,312 Common Income debentures Marine Nat Exch Bk Marshall & Hsley Bk a2.985,000 /1,465,040 Mitchell St State Bk. o 596.000 12.702 Northern Bank—... 100,000 / 30,114 Park Savings Bank.. a 115,979 539.500 State Bank of MIlw. Teutonia A veStateBk West Side Bank Wisconsin State Bk. First Wise Trust Co. 298 100 200 160 b Preferred Home Savings Bank. Kilbourn State Bk._ Lincoln State Bank: _ 100 100 Bank of Montreal... 36,000,000 39,000.000 675.499,935 First WiscNat'i Bk— Common......... 466,700 400.000 300,000 1.000.000 c 16 20 20 1,364,589 20 ~20" 100 36,798,454 Toronto— 234,655 721.698 17H 19}* 45 Dominion 7.000,000 Bank Imperial Bank of Can 100 20 5X 20 150 20 27 7.000.000 ii* 9 100 100 Per Montreal- Sale Per share. 250.000 300.000 296,306 266.408 100 ~iu" 115 170 H 172 stock. Common and b The Badger Cheyenne— Stock Growers N Bk. 162 100 100 preferred stock debentures outstanding. State Bank of Milwaukee, Wise, on March 19, 1938 be¬ came a branch of the First Wisconsin National Bank of Milwaukee, Wise. c June 30, 1937. d Unit of the Wisconsin Bankshares Corp. a WYOMING American Nat Bank. cent. 203 price. t Wisconsin Banksbares Corp. no par March 7 255 230 QUEBEC 200 31 • National Banks cent. 55 100 2.050,722 1,983,546 4,645.536 3.896,860 3,876.872 83,200 855.053 37 34 20 44,698,515 1,725,336 1,740,904 1.821,625 51.634 550.000 o 4^ (.!. 100 5.851.317 7.396.913 /March 7, 1938. e 100 Member of the Northwest Bancorporation. I Last sale. x Ex-dividend. Joint Stock Land Bank Bonds and Stocks Quotations Bid Bonds 3s 99 X Atlantic 3s 9934 Burlington 5s 4^8... 45 Atlanta California .... Central Illinois 5s 1003{ 10034 55 55 100 102 27 for the last day of the month 30 preceding the date of issue Bid. Bonds. Ask. 45 5s are 86 93 Illinois Midwest 5s Iowa of Sioux City 434s Lafayette 5s.. 434s Lincoln 534s ... — Ask. 89 96 9934 101 9834 10034 80 5s.......................... 6 7 5s and 6 34s. Dallas 39 6 7 100 102 North Carolina 5s 78 9834 9934 10034 Ohio-Pennsylvania 5s.. 99 98 Oregon-Washington 5s 50 55 102 Pacific Coast of L A 5s Pacific Coast of Portland 5s 101 100 First Texas of Houston 5s. First Trust of Chicago 4}*s SHt=: Fletcher 35*s Fremont 4^s .... 97 99 99 9934 99 H 100 69 70 . f Flat price, x 9934 100 Ex-dividend. ' v 96 100 10034 h 5s Greensboro (N O) 3s Greenbrier 5s . 99 ■ 99 10034 10034 10034 101 10134 10234 72 72 10034 102 Ask. 98 434 s— 99 99 100 98 100 9934 5s Virginian 3s Virginia-Carolina 3s 101 81 Chicago 4^s and 4J*s Denver 5s First Carollnas 5s.. First of Fort Wayne 4}*s-First of Montgomery 5s First of New Orleans 5s Bid. Stocks. 82 434s and 83 79 Bonds Union of Detroit New York 5s 9934 10034 10034 STOCKS Par ...100 40 100 100 40 50 Dallas 75 102 Denver 100 24 78 28 101 Des Moines 10o 44 47 100 ..100 100 100 100 3 6 X* I* Atlanta Atlantic ... Pacific Coast of Salt Lake 5s 100 First Carollnas Pacific Coast of San Francisco 5s_ 100 Freemont Pennsylvania 3 s.. 100 .... 107 New York 107 10834 10034 North Carolina 9934 3s 25 77 5s 28 100 St Louis 434s and 5s San Antonio 3s.. 58 Southwest Southern Minnesota Lincoln 105 Phoenix 434s.. 5s Potomac 101 101 80 12 14 .100 Pennsylvania Potomac. San Antonio ... 12 46 52 18 23 100 ... Virginia V ir gin la-Carol lna 10 50 .... 68 73 100 44 47 6 100 134 70 1 Quotations are m near aa possible for the closing day Bid. Bonds. 63 Albany Metropolitan 5-6s 1040.. Alden 1st 3s 1957. Allerton 55th St 6Ms Allerton N Y Corp New com income 2-6s 1955.... / Allied Owners Corp 1st income 4-5s 1958 J&J / Debenture 2-4s 1963 -J&J / Ambassador Hotel (Los Ang)— Non-cum inc. 3-5s 1950..A&O / 17 J&J 1948—J&D George Washington Hotel 6s 1944 —— 47 50 30 32 15c Pennsylvania Bldg 6s 1939--MAN Philip Schuyler 6s serial ..... Pierrepont Hotel 3-4s 1951..... Pitts Hotels Corp 1st 6 Ms '48MAJ Mtge cum inc 5s May 1962... Conv cum Inc deb 5s May 1967 Voting tr ctfs for common Poll New Engl Theatres 6s.l958 Gen Income 5s 1983.....M&N Provident Loan Society 6% ctfs.. 22 55 35 — M&N M&N Hotel Lexington (N Y C) Inc— Cum income coll 4s 1955—M&S, 40 , Stamped / Unstamped / Cleveland Theatre gen 5s 1944—. 33 „ Film Center Bldg 6a 1943—A&O . 5th Ave A 55th St Bldg 6M« 1945. 15 Park Row 4s w s 1952 / 50 B'way Bldg 3-6s 1946 MAS / 51 Fifth Ave 4s 1943— -A&O / 52d & Madison Office Bldg— 1st Leasehold 3s Jan 1 1952...55 Fifth Avenue 6s 1944 M&N / 500 Fifth Ave 6 Ms 1949 J&D / 1500 Walnut Corp (Phila)— ' 1st 6s 1950 / 1512 Spruce St (Phila)— 1st mtge 6s 1943 -A&O / 40 Exchange Place 5 Ms 1956.J&J / 40 Wall St Bldg 1st 6s 1958 42 Broadway Bldg 6s 1939—J&J 48 West 48th St Bldg 6a 1936— / 1400 B'way Bldg 6 Ms stm-1948- / 1410 B'way Bldg 3Ms 1941.A&O/ FeiiDet Theatre 6s 1942 „—A&O / Vox New Academy of Music 1st leasehold 6 Ms to 1941.M&S „ , — n Nominal, k Last sale. 61 Company— 5Ms stamped 1961........... 5 Ms unstamped 1961.. Quincy Station P O (Chicago)— 6s May 1 1941 J VP 1st extended inc 5s 1950..J&D Realty Assoc Sec Corp— Repub Bldg(Denv) 3-5s'49.M&S Retail Properties— Deb 5a series A 1959.. M&S income deb 6s ser B 1959-M&S Robert Treat Hotel (Newark) 6s 1943 —J&J 55 2 77 3 53 55 15 X 16M Kuseeka 6th Ave Bldg 6s 1944... St Charie» Hotel (Atl Cy) 40 1946 — 46 St Louis Post Offices— 5 Ms 1938—.. 53 3s with stock 1956 Scbulte Real Estate 6s 1935— M&S f 1st 4-58 exten to 1948 Lefcourt State Bldg— Extend 1st 4-6 Ms 1948 Lewis Morris Apts 1st 4s 1950— Lincoln 42d St Oorp— Income 5 Ms w s 1963 —.F&A Lincoln Mtge & Title— Guar 5 Ms ctfs of deposit Loews Midland Theatre A Office Bldg 6s, 1941..M&N Loew State Bldg (Los Ang) 6s '42 Loews Theatre Rlty 6s *47 M&81 ft Lombardy (The) 6s 1942.—M&N London Terrace Apts— 1st & gen 3s (w-s) 1952Lord Bate Hotel g m 8 Ms '45 A&O Lord Nelson Hotel s f 4s *47-M&N Lords Court Bldg 5Ms 1942- J&D Majestic Apts 4s (w-s) 1948 stmp. Manhattan Towers— 1st 6s 1946— M&S Marcy (The) 6s 1940——F&A Mark Hopkins Inc— 1st income 6s Feb 1 1952. Marshall-Wells Buildings— 1st 6 Ms 1947 F&A Mayflower Hotel (D O) 5s 1950 Mercantile Arcade Bldg (Los Ang) 1st s f 5Ms 1953 —J&D / Mercantile Properties, Inc— Sees f5Ms 1946 J&J Merchants Nat Prop 4s 1958(w s) Metropolitan Chain Properties— 1st conv s f 6s 1948 M&N Metropolitan Corp (Can) 6s 1947 Metropolitan Playhouses— Debenture mtge 5s 1945-.F&A Munson Bldg (N Y) 6Ms*39.M&N 58M 49, 34 57 59 19M 20 M 20 68 85 70 32 38 40 42 60 70 86 50 "81 6 I) 27 25M 4M 6H 70 72 75 88 72 74" 20 22 95 97 48 52 82 85 86 89M 58 60 20 2M 21M 3M 67 69 14M 16 48 Adjmtge inc Apr 15 4 Ms 1950- l5" 44 1st mtge 2-5s 1955 J&D N Y Majestic Oorp 4s (w-s) 1956 20 82 M 86 19M, 20M t 22 4 6 49 51 44 -F&A New York Title & Mtge 5 Ms series B-I- 5Ms 5M8 5Ms 5Ms 5Ms series B-K series C2 series CW-1 series FI series Q —... —... 45M 42 44 32 29M 33^ —.. 19th & Walnut St (Phila) 6s 19391900 Rittenhouse Sq (Phila) 5 Ms 1943 J&D 1st cum income 5 Ms 1945. J&D 47 M 37 20 49 H 39 22 17 23 35 45 A&O 55 58 1st 8s 1943 ———M&N One Park Ave 2d s f 6s '51 -M&N 39 58 15 41 North Station Indus Bldg 1st m s f 5a 1962 Oliver Cromwell 6s 1939 (Boat Olympic Hotel (Seattle)— _ 103 East 57th St Bldg 6s 1941 110 So Penn Ave (Atl City) 6s 1944 J&D 166 Broadway Bldg 6Ms '61 General s f 7s 1941 F&A 170 Broadway-Maiden Lane Bldg 6Ms stamped 1949—. A&O Savoy-Plaza Corp 6s 1945..J&D 1st s f 5 Ms 1945 J&D .... 69 42i 413 77 55 5M 17 48 48 73 30 9 21 13 H 13 it 21 h 12M Without com stock...—.J&D 6s debenture 1951—.—.J&D SevUla-Bilt Hotel 7Ms'37-.M&N 12 M 24 U 4H She! burn. I no< AtlCy )tt 10 M«'40 . JAJ Sherneth Corp— 2s with stodc 1956 60 Park Place Bldg 3Ms-5s—1947 Sixty-one Broadway Building 3 Ms 1950 With stock -A&O Income 3-3Ma stpd 1955...... 616 Madison Ave Bldg bMs 1938Social Service Bids (Phila) 6s— Southern Hotel (Memphis)— 6s 1953— JAJ Speed Building (Louisville. Ky). Income 5-6s 1945 M&N Stanley-Mark Strand 6 Ma 1941 Stanley Real Est 5 Ms '45 J&D State-Randolph Bldg (Chicago)— 5 Ms 1942 M&N / Steuben Bldg (Chicago)— 1st 6s 1943...MAS Stevens Hotel (Chic) 6s 1946.JAJ Certificates of deposit........ Income 6s W-S 1956 Stone A Webster Bldg (Boston)— 5s 1947—...-MAS Strauss-Manhat conv 6s *33-J&D Syracuse Hotel 1st 3s 1955 Taft Realty (New Hav) 6s'40A&0 Income 3s w-s 1951 10 East 40th Street Bldg 5s 1953Non-cum inc 6s 1958——M&S 1088 Park Ave Bldg 6s 1939——Textile Bldg 1st 6s 1958 M&N Gen 7s s t w w 1948— M&N ... 62 75 37 M 9M M 80 38M 11M 15M 43 M 35^ 2M 24 U 90 45 88 83 10 3M 9 9 19 98 30 61 20 19 77 5 32 39 M 2 1st 4-5s (ws) 1958 M&N Textile Crafts Bldg 6s w s 1944-- 35 20 Trinity Bldg 5Ma 1939- — J&D Trinity Court B1 Hdg 4s 194llM&S Stamped... Unstamped, 2 Park Ave Bldg 4s_._. 1§46 23 Lexington Ave 2s 1950....... 29th St Towers Bldg 3s 1942 "f 2124-34 Bway Bldg —1943 / 2480 Bway Bldg 2d mtge 3s 1944. Tyler BuildingGen Inc 6s July 11953 (w s) U S Realty & Impt 6s 1944— Vanderoilt Ave Bldg Uorp— 1st leaahold 6 Ms 1944—J&J 15 / Van Swerlngen Co— 1st 6s 1935... F&A 56 . » N Y Postal Service Station 5M» 1937__ Roxy Theatre 1st 4s 1957—— Russ Bldg. (San Fran.)6s '51 F&A . 5H Natl Tower Bldg 6 Ms 1944 A&O Neisner Bros Realty, Inc— Conv s f deb 6s 194S .J&Dlft N Y Athletic Club 2s 1946 A&O 2 66* lil* With stock--...—.......J&D Nat Press Bid 3-5a 1950 (ws) 38 14M 22 Income 5s 1943 52 Nat Hotel of Cuba 8« 1959.M&S , th Ave A 28th St Bldg 6 Ms 1945. Sth Ave A 29th St Bldg 6s 1948— / If* 11* 13* 6 Prudence 74 - Construction— Ferry Sta PO (San Fr) 6s 1934— / 25M 38 55 General 7s 1941—.—-_„J&D Madison Inc inc 6Ms 1957—M&S 8 f dep 5Ms 1949 ser A——J&J / Circle Theatre extd 6s 1946.M&S / Oleve Term Bldg 1st 6s 1941-J&J , 39 24 M Lefcourt M an Oat Bids— 11 Cigar Stores Realty Holdings— Legended 1952 39 5s 1947 F&A Insurance Exchange Building 1948— ChicHerald & Exam 6 Ms '50 M&S , 45 43 ~ Ohesebrough Bldg 6s 1948—A AO Chicago Evening Amer 6s 1938.. - 34" 31U 101 Units Lawrence Hotel (Erie, Pa.)— / / / 1948-— -A&O Colonial Apartments 6s 1937 Congress Square Hotel (Port Me) 5Hs 1946 M&N Court A Remser 8ts (Brook)} n) 681940 A&O / Bldg Oorp 1st s f 3M-5s_.-1940 / Davidson R'lty 6s w w 1940 A&O Detroit Hotel 6h8 to 1941—M&S/ Dorset Hotel 1st partic 2s 1957-Drake (The) 6a 1939—-MAN/ Eastern Ambassador Hotel units. Edgewater Beach Apts 6s to '43— / 11 Park Place Oorp 4s 1948 11 West 42d St 4s 1945 MAM / 80 Broad St Bldg 6 Ms 1950.M&S / 80 Broad St Inc 4s Novil 1951— / 80 John St extd 4s 1950 A&O f Eppley Hotels 1st sf 3-5s 1951 J&J Equitable Office Bldg 5s 1952 59M 38 —- , Chanin Building— 1st Leasehold inc 4s 1945.M&S 2d Leasehold inc 2s 1945.M&S 3d Leasehold inc 1st 1945-M&S 58 21 ^ 6s 1st fee A leasehold 1942—.. Herald Square Bldg inc 6s 1948— 1st s f income 5s May 11948... Hotel Governor Clin & *4 8-A&O (Boston) 1st 6 Ms 1943—F&A — 28 37" Keith Memorial Bldg 6s 1943 Lake Sh Ath Club (Chic) 6Ms *45 LaSalle Wacker 5s fixed 2nd income 6s 1949 / Fiat price, 1st mtge leasehold sf 3s '64. JAJ Park Place Dodge Corp 6s vtc '62 34 Hotel St George 4s 1950 Hotel Syracuse inc 3s 1955 —Hotel Taft Corp (N Y O)— . Deb 5s 27 Bearst Brisbane Prop— / Bryant Pk Bldg (NY) 6Ms'45J&J / Budd Realty 6s June 1941.. JAD 6s Sept 1941 MAS Bosh Term Bldg 1st 5s I960. A&<> Butler Hall 4-5s 1947 J&J Cambridge Court Apt 6M» 1937. Cent Manhattan Props os'46M&S J Central Zone Bldg inc 6s. 1941 / Century Parkway 6s 1956 Chain Store Depot 6s 1940—MAS & 20 20 30 Barriman Bldg 6s 1951.—. Hartford Times deb 4 Ms *51 , Bway Mot Bldg iNY) 6s *48 F&A / Bway A 38th St 7s 1945 -J&J Bway A 41st St Bldg 3-5s 1944— / Bklyn Fox Corp inc 3b Oct 1.... / Brown Hotel (Louisville)— 1st sinking fund 5s 1949— 82 28 24 Cum income deb 4s 1955- -M&S / Hotel Sherman Inc 1st 5s 1957—./ _ 41 80 64 Common stock.. 68 Bellevue-Stratford (Phila)— 5tts 1935—J&D/ Benf Franklin 6s ctfs 1933-—.— / Berkeley-Carteret 5 He '46.M&N Bing A Bing deb 6M» 1950-P&S / Income 7s 1950 w-e—M&Sjr Boston Parcel Post 3s Oct 1945.. / Boston Postal Serv 5 Ms '38.J&J B'way Barclay Office Bldg— 41 38 27 41M 2 Ms 1957 (with stock)—— -F&A Bait Parcel Post 5 Ms 1949 Bauman (Ludwig)—1st 5s (Brooklyn) 1947 1st 5s (Long lsld) 1951 40 Palace HoteKSan Fr) 6s '46 F& ft Pantages (Alex) 6s to 1947.M&N Paramount Bway Corp.— 1st M s f 3s loan ctfs 1955 FAA Park Central Hotel 6s ctfs 1935. Park Oresent 1st 6s 1940...MAS Park Lexington Co Inc— 25 Graybar Bldg (East Offices Inc)-— 1st m leaseh 5s 1048——J&D Greeley Sq Bldg 6s 1951—-Feb „ J&J f 10 M Certificates of deposit-. Granada Apt Bldg 6s1938—M&S Grant Bldg (Pittsb) 7s '47—F&A Arrowhead Lake— 1st 7s 1944-1947 -J&D / Assoc Chain Store Realty— 1st mtge coll 5 He 1957—J&J Cum income 6s 1957 A&O / Adj non-cum inc 6s 1957.M&S / Assoc Realty Bldg 'Los Angeles) Colonade 4-4 Ms 9M lst2M-4s (w-s) 1947 .. 1st. 2d 1956— / 1st sf6M» 1942 . — A&O Fuller Bldg (6 A F Realty Corp) Bid. Orpheum Theatre A Realty 2-6s 1946 —MAS 4M 6s 1944 Arcady-Wilshire Co (Los Ang)— Non-cum inc 5s June 11949J&J / _ / _ Gair Realty Corp 5s Amer Insur Dn Bldg 6s *41-MAN / Arcade Bldg A Rlty i Seattle)-— ■ 8-6s 1948 J&J/ Income 5s 1948 (w-s). Baker Hotel (Dallas)— 1st s f 5s 1950 (with stk) Fox Theatre A Office Bldg Income 3s 1957 Fox St Louis Theatre Bldg— - — 1945—F&A / Bonds. Ask. Bid. Bonds. Ask. of Issue, of the month preceding the date 1st ft coll s t fis 1938 ..A&O Van Swerlngen Oorp 6s May 1 '35 varies Hta PO (N Y)w 1«4J Wabash-Monroe Bldg 6s 1953 J&J Wadsworth Bldg(NY) 6s '53 A&O Walbridge Bldg (Buffalo)— 3s with stock 1950 Waldorf Astoria 7s w W1954-M&S Non-cum inc 5s 1954 M&S Wall & Beaver St Corp— 1st 4Ms w-s Nov 1 1951...J&J Warner Bros Hollywood Thea 1st 6 Ms 1941 —M&N Washington Properties Inc 7s 1952 Westinghouse Bldg 4s 1948.A&0 White Motor Realty 6s 1940..... Woodbridge Bldg 5M* '41—A&O 7s 1940.. ... A&O 98 98 47 21 30 9 36 75 31 3 9 10 X 60 93 57 17 M 20 12 18 84 43 M 68 100 40 42 (Concluded from page European hoarding into gold in London. It was this hoard¬ more than any other factor which caused the price of gold to rise and set the British equalization fund the task of preventing too sharp an advance in the gold price. It should be noted that during the aggressive movement of Germany into Austria, France was without a government, as M. Ohautemps had resigned on March 11 and a new government was not formed until March 14, when Leon Blum again became Premier in an administration which was generally believed to be merely a transitional affair. In the early weeks of March a resumption of the gold movement to New York appeared improbable for many months to come. The "Monthly Review" of the Federal Reserve Bank of New York, as of March 1, which included the February developments, stated: "The inactive gold account (which forms part of the monetary gold stock) was reduced to $1,213,602,937 on Feb. 15 by release from the account of $9,659,914, most of which was sold to the stabilization fund to offset sales to foreign accounts by the fund since the first of the year, and was further reduced by $13,042,376 on Feb. 26 to offset sales to foreign accounts subsequent to Feb. 15." On March 1 the Treasury showed a further sale of $9,975,062. In a report issued by the Brookings Institution and re¬ ing demand ferred to in the "Commercial and Financial Chronicle" of March 5, it was stated that an exodus of gold and capital from the United States during 1938, reversing the trend of previous four years, "is not impossible." The report pointed out that direct American investments abroad, such as past rubber developments in South America by American corporations, are more probable in the future than Amer¬ ican purchases of foreign governmental and corporate the securities. The Brookings study said: "The great reduction in gold imports (since the last quarter of 1937) indicates an altered attitude with respect to the relative advantages of the States flow The some it not of as new a place of funds to investment at this juncture. this country is declining and funds previously sent here are being withdrawn. It 1938 may show a reversal of the trend of preceding years, with gold and capital again flowing out." During the week ended March 12 statistics of the United States Department of Commerce indicated that gold ster¬ impossible that the ilization here would considerably relaxed and London resumed its attrac¬ of foreign funds. There was some disquietude in London because of the fact that the government had decided was 53) Before the Nazification Of Austria it looked as though gold would leave New York for several European centers, particularly London and Amsterdam. During these two weeks the London price for gold generally ruled at more than $35 an ounce, and owing to the unsatisfactory fiscal condition of France there was a marked movement of clined sharply. United year tion to step up its rearmament program, which late in 1937 estimated to involve an expenditure of $7,500,000,000. was The revised plan called for an increase to approximately $11,500,000,000, the resulting likelihood of increased taxa¬ tion lowered the pace of the London investment market. Meantime the London authorities kept money rates at a low level. Lord Wardington, Chairman of Lloyds Bank, criticized the competition among British banks for foreign deposits, insisting that the fugitive character of these funds, which had reached large proportions in the past few years, necessitated their being kept in liquid form and therefore created a greater demand for government bills and resulted in damage to the discount market because of the low rates applied to the discount of bills. It was highly desirable, he pointed out, that the discount market should be allowed an opportunity to live, and though the excessively low rates—to recent some Under normal conditions of international trade threatened. prior to 1914, the London bill was perhaps the chief factor in moving international commodities. Lord Wardington ex¬ pressed the opinion that it was most unlikely that com¬ mercial bills for financing foreign trade would ever recover their pre-war importance. Gold on offer in the London market during March £10,408,600 compared with £9,537,000 in Febru¬ ary. During the month the London check rate on Paris fluctuated widely. This condition has been characteristic of the market since January. The mean London check rate on Paris shown in the table following hardly gives an accurate reflection of conditions owing to the wide fluctua¬ tions from day to day. The mean London rate on Paris ranged between 153.44 and 164.83 francs to the pound. The London open market gold price ranged between 139s. 6%d. and 140s. 5%d. an ounce. The American price for gold (Federal Reserve Bank of New York) continued at $35 an ounce. London open market money rates were steady. Two- and three-months' bills were 9/16%, fourmonths' bills 19/32%, and six-months bills 21/32%. Ster¬ ling cable transfers sold on March 1 at $5.01% @$5.02 1/16, and on March 31 at $4.96% @$4.96 11/16. The low for sterling cable transfers in March was $4.94 11/16 on March 18 and the high was $5.02 1/16 on March 1. amounted to LONDON CHECK RATE ON PARIS AND PRICE Mar. London Open Market Gold Price a total of Jan. 1, the effective date of the new ruling, through Feb. 25, totaled only $14,827,000. Domestic pro¬ duction was estimated at $15,000,000 monthly, bringing total additions to the gold reserves of the Federal Reserve Bank to approximately $45,000,000 during the first two months of the year. Projected on a monthly average basis, therefore, the gold reserves would be increased by about $66,000,000 during the first three months, approximately only two-thirds of the amount permitted the system under the new ruling. TJret Germans marched into Vienna on Sunday, March 13. Monday the entire foreign exchange situation was sharply reversed, and thereafter there developed almost a scramble on the part of European financial interests to obtain dollars and to shift funds to New York. Gold came from England, Holland, Belgium, and doubtless from other countries through London and Amsterdam. On March 14 sterling cable transfers sold down to $4.98% as compared with a range on Friday, March 11, of $5.00% @$5.01%. During the week March 21-26 it was learned in informed quarters in Washington, though not officially confirmed, that the United States Treasury, in order to avoid embar¬ rassment in resuming its gold sterilization program, should gold imports increase beyond the anticipated extent during the period of uncertainty in Europe, will have the incoming frozen by the stabilization fund in the fund's own account. Metal bought by the American fund following March 14 to avert panic in foreign money markets was to be so segregated until at least the end of March, where¬ after the fund may transfer its gold to the Treasury in small amounts, depending upon the fund's need for dollars and upon political and financial conditions at the time. Unofficial reports indicated that gold imports during the first quarter of 1938, most of which arrived in the second half of March, substantially exceeded the $100,000,000 limit. Despite the sharp drop in price of foreign currencies and the upswing in the dollar, sterling was firm in terms of all other currencies, and even at its lowest price in terms of gold the dollar March 26 would normally be considered firm. Around apprehension concerning the European situation on Paris Gold Price Mar. 17-.. 160.28 153.98 139s. lOd. Mar. 18... 161.00 140s. 2^d. 153.83 3 States from London Check Rate 1 2 Mar. London Open Market on Paris Mar. to Mean London Check Rate $100,000,000 quarterly. The Department of Commerce statistics indicated that this figure would probably not be readied during the first three months of this year. Imports Of metal into the United System OFIGOLDJIN LONDON Mean probably not be resumed during the allowed to enter the gold reserves of the Federal Re¬ serve artificial—which have ruled during be an advantage to the Treasury and indirectly therefore to the taxpayer, yet these advantages would be dearly bought if they were to mean the extinction of the London bill market and the greatly diminished attractiveness of the London bill if its marketability were Domestic production and imports gold under the Treasury's modified sterilization policy are extent years may first quarter of the year. of 113 MONTHLY REVIEW April, 1938] 139s. 9d. Mar. 19.-. 161.03 1140s. 5Md. 153.44 - 139s. 9Hd. Mar. 4 154.06 139s. 9}*d. Mar. 5 153.92 139s. 9d. Mar. 6 Mar. 7 Mar. 8 Mar. 9_... 154.56 139s. Mar. 20 #d. SUN DAY Mar. 21... 161.73 Mar. 22 SUN DAY 140s. 163.34 Mar. 23... 162.94 139s. HHd. 140s. 2d. 155.84 139s. Mar. 24 162.04 140s. 140s. 157.20 - 8Hd. 7^d. 139s. 7d. Mar. 25... 163.37 140s. 2d. 163.90 140s. 3Hd. lMd. l^d. 159.14 139s. 6Md. Mar. 26... Mar. 11 158.06 139s. 6Kd. Mar. 27... Mar. 12 8d. Mar. 28... 163.90 140s. Mar. 13 156.55 139s. SUN DAY Mar. 29... 164.69 139s. lid. Mar. 14 162.37A 139s. 8d. Mar. 30... 163.21 139s. lid. Mar. 15 164.83 139s. 163.28 140s. 162.211* 139s. 8**d. 9^d. Mar. 31... Mar. 16.— Mar. 10 . SUN DAY 3d. Hd. In commenting on the foreign exchange situation in March the Federal Reserve Bank of New York said in its "Monthly Review" for April 1: "The German annexation of Austria and the Polish ulti¬ matum to Lithuania produced a revival of European war which unsettled foreign exchange^markets during March, and caused a Cessation of the capital outflow from the United" States. Major foreign currencies depreciated sharply in terms of the dollar as the foreigh demand for dollars increased, and the flow of gold to this\country from Europe was resumed for the first time since October, 1937. In addition, a political crisis in France led to further de¬ preciation of the franc against the pound sterling as well as against the dollar, while conditions in the respective countries brought about the suspension of free trading in the Chinese yuan and the Mexican peso. "Among the first repercussions of Germany's entry into Austria on March 11 was the suspension of trading in the Austrian schilling. Nominal quotations at levels near the last firm rate of $0.1895 on March 11 were posted in this market for several days thereafter, until a decree of the fears, German Government on March 17 made legal tender in the Austrian district on the reichsmark the basis of 1.5 schillings per reichsmark. Prior March to 12 the pound sterling had eased from $5.00% on the morning of period, the sterling price of gold had fallen in London from 139s. 9%d. to 139s. 6%d., with the result that the dollar equivalent of the London gold price fell from $35.08% to $34.96 15/16. The German move into Austria was reported after European markets had, closed on March 11, but beginning on Saturday, March 12, $5.01 13/16 March 11. on March 1 Over the same to 114 MONTHLY heavy offerings of sterling brought the pound down approxi¬ day for four days. Some respite was afforded the market on Thursday, March 17, and sterling mately a cent a quotations eased only slightly further, but the revival of war fears occasioned by the Polish ultimatum gave the market on March 18 the heaviest turnover during the entire week, and sterling fell as low as $4.94%. The Lithuanian acceptance of the Polish terms induced some short covering in the market on Saturday, and sterling recovered to EEVIEW 000,000 set by the Secretary of the Treasury in his state¬ ment of Feb. 14 on gold procedure, none of this gold was sterilized." Canadian and during exchange discount a ranged March between par of 49/64%. CONTINENTAL AND OTHER FOREIGN EXCHANGE French The franc weak excessively was throughout Fluctuations were wide and rapid, whether meas¬ March. sterling or by the dollar. On March 10 the ChauCabinet was forced to resign, and on March 13 Premier Leon Blum succeeded in organizing a new $4.96 9/16, from which it deviated only fractionally until the end of the month. The dollar equivalent of the London ured by gold price reached the shipping point of $34.77 at the Lon¬ don fixing on Tuesday, March 15, and remained close to former that level for franc and the remainder the of month. the The Swiss guilder fluctuations against the dollar were roughly parallel to those of the pound. "The French franc weakened before the German-Austrian ing, the franc broke precipitously on March 14 and 15 to reach a new 11-year low at 166% francs per pound, equiva¬ lent to $0.0298 15/16 per franc in New York. Some subse¬ quent recovery carried the rate to 160% francs per pound, or $0.0312%, but at the month-end,the franc weakened again to about 162% francs in London and $0.0305% in New York. The belga was subject to heavy pressure during M;areh as a result of the depreciation of the French franc, the war scare in Europe, and internal political difficulties. Between March 3 and March 24 the National Bank of Belgium lost approximately $65,000,000 of gold in defending the belga. "Free trading in the Chinese yuan was suspended on March 11, after which the official banks restricted sales of foreign exchange to weekly allotments on written appli¬ cation. The yuan eased gradually for a time from the previ¬ ously held rate of $0.29% to $0.28% on March 24, and thereafter broke sharply to $0.23% before recovering to $0.26 at the month-end. "In Mexico trading in the- peso was suspended on March 19, following a practically continuous decline in reserves Cabinet, which appeared to be merely a temporary expedi¬ The war scare caused by the German coup in Austria ent. aggravated the even development as a result of political disturbances, going from 153% francs per pound on March 1 to 159% francs on March 10. After a temporary rise induced by short cover¬ the temps and foreign assets of the Bank of Mexico since last summer, which reflected an unbalanced trade position resulting from increased imports and the fall in prices of a Mexican export products, and perhaps also some flight of foreign capital from Mexico. The peso declined from the rate of $0.2778, which had been held since early in 1933, to a more or less nominal quotation of $0.24%, and dropped further, after the announcement by the United States Treasury on March 28 of the suspen¬ sion of purchases of silver from the Mexican Government, to $0.21 bid at the month-end. The Argentine free peso declined further during the month to $0.2478 from $0.2640 a month ago, and $0.3015 at the first of September. Canadian exchange in March reached its lowest levels in terms of the dollar since April, 1936, selling at a discount of as much as 21/32% on March 18, and of %% at the month-end." Changes in the gold holdings of the Bank of England during March were as follows: For the week, ended March 2, a decrease of £8,858; for the week ended March 9, an increase of £59,861; for the week ended March 16, an increase of £16,554; for the week ended March 23, an increase of £27,989, and for the week ended March 30 a decrease of £42,834. Gold holdings on March 30 stood at £327,233,957 compared with £314,645,760 a year earlier, with the minimum of £150,000,000 recommended by the Cunliffe Committee, and with £136,880,252 in the Bank's statement just prior to the suspension of gold on Sept. 21, 1931. Deta|ils of the gold movement to and from the Port of number of important critical fiscal position of France, although without this complicating factor the franc would have extremely been because of the continued weak flight of capital from Paris, the precarious situation of the French Treasury and the recrudescence of labor troubles. The labor difficulties were induced by attempts of the Leftist forces to keep the government close to the original lines Popular Front when M. Blum first took laid down by the office. The fact that the Treasury was obliged on three separate occasions to resort to temporary France served to intensify successive statements borrowing at the Bank of on the unit. Three pressure of the Bank of France showed that during the period the Treasury had borrowed 3,670,000,000 francs from the Bank. Because of cided on a the war threat the extensive more and conservative elements French Government de¬ rearmament defense program,- urged M. Blum to abandon the composition of his Cabinet as of March 13 for a new coa¬ lition with dictatorial "public safety" powers. It was this occasioned widespread strikes. On March 24 the French labor leaders decreed general strikes with occupation of factories as a warning against threat of coalition the efforts of the dictatorial Cabinet which Blum as to establish Government such a the French Senate had demanded. On March 22 M. Blum introduced a bill in the Chamber of Deputies for the purpose of assuring the Treasury of funds during the coming weeks by extension of the govern¬ ment's credit limit with the Bank of France by as much as 10,000,000,000 francs. The French Senate rejected the pro¬ posal, but agreed to extend the government's credit limit by 5,000,000,000 francs. At the time the bill was passed the Treasury's permissive temporary borrowings from the Bank of France were limited to 37,000,000,000 francs, of which all but 3,000,000,000 francs had already been advanced. A second bill introduced by the government sought additional indirect advances by proposing to transfer to the State in the name of the newly-formed National Defense Fund 3,000,000,000 francs from the profits of the exchange equal¬ ization fund. This measure was flatly rejected by the Senate. less In the course of debate it was asserted that not than 80,000,000,000 francs of French funds were in hiding abroad. The Bank of France statement for March 24 showed total gold holdings of 55,806,959,832 francs, which compared with 57,358,742,140 francs a year earlier. French francs sold on March 1 at 3.26% @3.27%, and on March 31 at York for April 1: "Since the middle of March the dollar equivalent of the London market price of gold, with allowance for shipping 3.05% @3.07%. Belgian currency, like the other European units, turned extremely weak in March, with the result that Belgium was obliged to ship gold to both London and New York. Toward the end of March $4,219,000 of gold was taken in Belgium and constituted the first consignment of gold sent to the United States from Brussels since October, 1937. Belga cable transfers sold on March 1 at 16.98 @ 16.98%, and on March 31 at 16.89%@16.90%. German marks presented no new features in March. The so-called free or gold mark continued to be held in close relation to the pound in accordance with the policy of the German control for many months, while the numerous in¬ land or blocked marks were at the usual heavy discounts. charge, has been steadily in the neighborhood of the United States buying price, and gold shipments to this country from The Reichsbank statement for the first and second quarters of March disclosed no change in gold holdings. The Bank's London total New York during March were outlined "Monthly Review" of the Federal have been resumed for as follows in the Reserve Bank of New the first time since last October. "Preliminary figures of gold imports affecting the gold during March show receipts at New York of $11,400,000 from England, $4,200,000 from India, and $4,200,000 from Belgium, and on the West Coast $4,500,000 from Japan and $200,000 from Australia. In addition, there was a gain to the gold stock through the release of $5,800,000 from foreign earmarked holdings and through receipts of newlyimined and scrap gold. The above transactions were offset in part by sales of gold to foreign accounts/ these sales causing a decline of $17,500,000 in the inactive gold account is included in the gold stock. The net gain to the gold stock in March was approximately $18,000,000. which "For the first quarter of 1938 the net increase in the gold stock was approximately $34,000,000, after taking account international transactions of $45,000,000 of losses through which are gold holdings for the third quarter stood at 70,771,000 as compared with 67,486,000 marks in the third quarter of 1937, and the Bank's ratio stood at 1.6%. On marks stock , The reflected in a decline of that amount in the Since total deposits by the Treasury in the gold certificate accounts of the Reserve banks during the first quarter against acquisitions of gold by the mints inactive gold account. Dec. 31, 1932, the Reichsbank gold and its ratio was 25.8%. held 806,785,000 marks of After the seizure of Austria, Dr. Hjalmar Schacht, Presi¬ of the Reichsbank, and other German officials were dent actively engaged in bringing Austria's financial affairs in According to their expressed opinions, Austria's entire currency will be absorbed and changed into German marks by May 1. It was understood that the official rate for the absorption Was to be two marks for three Austrian schillings. Incidentally, it was planned to increase Germany's gold reserves by taking over the gold reserves and foreign exchange of the Bank of line with those of Germany. Austria. The Austrian Bank's reserves at the time of the Nazi invasion totaled 404,000,000 schillings, of which 243,- 000,000 schillings 000,000 schillings were were \jn gold coin and bullion and 161,in foreign exchange. On March 17 it was estimated that the Austrian gold reserves were valued at approximately $75,600,000, nearly three times the Reichs- and assay offices, together with deposits against other gold bank's gold reserves on that date of 70,771,000 marks ($28,- held by the Treasury, 308,400), about equaled the figure of $100,- The so-called free or gold mark was quoted at April, 1938] 40.46% @40.48 MONTHLY , March on 1, and 40.14%@40.16 at on March 31. Cable transfers between 5.26% Rome sold during the month on at and 5.26%. Exchange on the countries neutral during the war fol¬ lowed closely the fluctuations in sterling. During the first part of the month the guilder and the Swiss franc displayed an independent firmness, of Holland least, and it was thought probable that Switzerland also, was obliged to send gold to London, and it was also believed that either directly or indirectly Swiss and Dutch gold March 13 in Austria but these following units broke events the sharply. at destined was March on 55.38. 1 at York. Guilder 55.95% @55.98 and transfers sold March 31 at 55.35@ March 1 at 23.22% @ on on March 31 at 22.92@22.93%. 25.85@25.86 were Cable transfers 1, March on sold transfers cable exchange, take to South American countries continued to the on (including cash) to foreign countries, telegraphic transfers, export of security coupons in foreign currency, and issuance of letters of credit. to The Foreign Office said that the primary purpose was establish a sound condition in the exchange market by controlling transactions by banks in Japan and checking competition. The Foreign Office declared that the changes in the ordinance would scarcely affect those en¬ unfair gaged in general business. Tokio dispatches by exchange controls. In a report published early in March the Central Bank of Argentina stated that no depreciation in the official market price of Argentine contemplated. Referring to the March 8 stated that Japanese bank¬ a credit of 100,000,600 yen as an on had decided to grant ers exchange fund to the newly-formed Federal Reserve Bank of China. Chinese officials characterized this North China bank in Peiping as a device to undermine Chinese currency. March On (Shanghai) governed pesas effect on April 6. Under the permission will be necessary for the purchase and sale of foreign exchange in Japan, sale of Japanese yen by Japanese banks abroad, remittances 25.58 %@ and March 31. on Exchange be New cable on Sweden 25.60 for Swiss 23.24%, and on foreign revised version government Italian lire, as during many months previous, was held steady throughout March by the rigid control exercised at Rome. 115 REVIEW 28 there a sharp drop in the Chinese Chinese dollar had for months was The dollar. been ruling around 30-31c., but with the break on March 28 States cents, rallying at the close of the day to 23.5c. The Chinese dollar had fluctuated declined to 29c. between silver low of 22 United a 31c. and China since nationalized monetary in in the free market observed in December and January, the November, 1935, in an effort to divorce the ex¬ change value of the currency from the bullion of silver, report pointed out that in view the which had been the ruling factor theretofore. was Bank's was of disequilibrium of the contraction of devisen intended for free market use, it reserves decided to allow the free market to find its level. own The London silver price on March 1 was 20 l/16d., and on Hongkong dollars were 31.88@31 9/16 March 31, 18 13/16d. During February the offerings in the free market increased on to dollar was March 31. and at 28.93@28.95 67,800,000 against pesos demand for 71,700,000 pesos, a thus reducing the deficit to only 3,900,000 pesos. "Argentina's fundamental lutely independent of the transactions overseas influence of the free according to the report of the Central Bank. abso¬ are market," "The official March obtains 90% of the export exchange and pays all the public debt service as well as 83% of the exchange on imports. However, the creation of the free market had Mexico is not South a country, it convenient to note here its recent exchange difficulties the of unit language States value is country. and for peso The British responsible the I » I I recent disturbance in i i I I I I I I I I i t t I I I i i 9 i i i I I I I I I I I I I I i i i i I I I (111 i i i I I I I I I I I I as United March 21 Mexico dispatches stated that the peso would be officially lowered within a few days to the basis of four the dollar. pesos to Mexican market 24.50c. At Mexico quoted was the On centavos. nounced New reopened same March closed. was York New time 28 reduction a from 45c. to 44c. At the in pesos in the its in the United foreign was stated the at market open peso in and four pesos 25 States silver that When the quoted pesos ounce, and on the an time it same i i i i l I i i i i I I it t r i Treasury purchase an¬ price following day to 43c. no further purchases of silver would be made directly from Mexico after April 1. The official quotation for exchange on Buenos Aires § S a a a dk dk dk dk dk dk and 33.46 during March. The unofficial or free market rate on ranged between 24.80 and 26.40. The official Rio de Janeiro ranged between 5.85 and 5.95. Exchange during March China. The Far the on ££«£ because Indian Eastern countries of the conflict rupee moved in was important 26 l(k dk dk I I San a a 1^ dk dk (-> S a I I 00000 O ~ HHMMM & a a a dk cn Cn Cn Cn Cn £ 5;;"Xs" & a a a a £X-5 X£ S* = dk dk dk dk dk dk bbbbbb bbbbbb OS OJ -dOJ Cn Cn Cn OJ OJ Cn OOHHHO = S a a a dk d* dk d>. dk dk dk rf* d>- Cn Cn Cn Cn Cn cn cn cn Cn cn bbbbo l_> h-> (-1 )-i t-1 ££ ~ S S bbbb bobbbb tOMHHMH II 00000 OS "*1 00 OS hhhmM a a a a a a dk dk dk dk ^ i*. S a a a a Cn Cn Cn Cn Cn a a £ a a a a a a d. Cn Cn Cn cn Cn a dk dk dk dk dk dk M >££££ dk d». dJ.dJ.^^dkti* b bbbbbb 04 04 -J 04 Cn Cn 04 04 OJ 04 b co s.?X d*- dk dk dk £ o» between close Japan and relationship Japanese foreign office announced of the ordinance covering i^O»OiCnOiCn bbbbbb Mvj H — H o» 00 £££ OOhOmO £XXXX cn cn Cn Cn Cn dk dk. dk dk dk ^^^Oi^52»^CO^»^.O>^l200CO bb_bbobb CD X d- £ d^d^d^d^ XX XXX dk dk W dk d». d^ dk dk dk dk dk dk bbbb b co d>> 10 d»- d^ cn -d XX d^ S a a a a a d^. d^ d^ d^ d^ d^ a a a dk dk dk dk CD CD CD CO Cn cn 04 Cn Nfli " qi OJ o H a a K 0C\ _d* dJ. _d»- _d^ _d>. bbbbbb d^- d. Cn Cn Cn bbbbo -d 0O CO CO CO CD CO CO O O O a a - N>— a a a a d. d^ d^ Cn Cn d. CO CO CO CO CO CO bbbo Cn d* Cn Cn C34 CO COCO dk d»> dk w a HtO^OOOOO -Vp. oa V-VJV-Nf a a bbrbbobb CnCnCnCnCn^CndkCSOSMOOH^OOCO £X£XX ]^w\lr\00v a CndJ-OcncnCnCnCn bbbbbb bbbbb^bbbbbbrbb cn o oj cn W\ 0, a dk XXXX I: Sb 0c0®00000 j3a d* d* dk dk dk vj d>. dk d. dk dk d". D d»- d* aaSaaMaaaaaapaa P £a OOOOO Ohhhh XXX ££ XgX £X»£X§X£XXXXS X a a a a dk d* di. d> CnCn Cn Cn Cn cooooob end* Cn dk 04 dk 04 C34 ££ CO CDCOCOCDCO__CDCOCDCDCDCD_r,COCD CO CO CO CO CO CO cob bbb CO CO CD CO CncnOSdkGQdk X£ ^ dk dk d* d» £ 00 CO coo o co o b - a a a a a cn Cn Cn Cn Cn obbob ooooo sjt fx* a a a a -k t^j^d»>dk d.dJ.d^d^dJ-d). d^d».j^d^d».|<»> d».dkOiOJCnCn bbbb bbbbbb bbbbbb Cn Cn C4 Cn d» d»-Cn Cn Cn Cn Cn W Cn Cn OJ -d bbbbob control DAILY RATES an 00 co O O <-* O Cn Cn Cn Cn Cn obbob ba OOOOO a *2 4"^* v<v»v« at dk. d* d^ d^ the revision oo\ oo\ oo\ oo\ dk. dk- dk dk _dk bbbbbb dk d^ dk dk. bbbbbb d>. Oi Oj Cn Cn Cn bbbbbb Cn o -d oj CnCnCnCnOJCn OJ dk cn Cn OJ 00 obbob cooooho o o i— S3 Cn cn Cn Cn Cn bbbb h- i-. of |b! SLS Switzerland Portugal Germany Austria Franc Franc Escudo Reichsmark Schilling Checks Cables 3.26^a3.26^ 3.25^03.26 M 3.25^03.26^ 3.25)^03.26 3.25Ma3.25^ 3.26Ha3.27H 3.255ia3.26^ 3.25^a3.26^ 3.25^a3.26)i 3.25Ma3.26 Checks 23.22 Cables Checks 023.24 23.33%a.24% 4.54%o4.56% 23.21c23.23% 23.21%a.23% 4.53%a4.57 23.21%a.22% 23.22a23.22% 4.53%o4.57 23.20%a23.21 23.21a23.22 4.53%a4.55 23.20a23.20% 23.20%a23.21 4.55 Checks Mar. Mar. Mar. Mar. Cables Checks 1. 40.46o40.47% 40.46%a40.48 18.94 2. 40.45 O40.48 40.45%a.48% 18.93 3. 40.45 O40.46 40.45%a40.47 18.92 018.95 Hungary Pengo Cables Checks 18.94%al8.96 I8.93%a18.97 19.85al9.93 018.96 018.94 18.92%al8.95 19.85al9.93 19.85al9.93 Mar. 4. 40.44%a40.46 40.45a40.46% 18.92 5. 40.41%a.43% 40.42 O40.44 18.93 Mar. 6. 4.53%o4.55 4.53%a4.57 4.53%o4.56 Mar. 7- 40.38 18.92%al8.95 19.84al9.93 Mar. 8. 19.84al9.93 4.53%o4.56% 4.53%04.55% 4.52%a4.54 Mar. 40.39%a40.40 40.40a40.40% 18.92 ol8.95 18.93 018.96 O40.40 40.39%a40.41 18.92 018.94 18.93 018.95 10. 40.36 040.38 40.36%a.38% 18.92 18.93 19.84al9.93 9. 40.39 18.91%al8.93 19.85al9.93 18.90 19.86al9.91 Mar. 11. 40.35%a40.37 40.36 040.38 18.91 al8.92 12. 40.22%a40.25 40.23a40.25% 18.89 13. SUNDAY 4.50%o4.53% Mar. 14. SUNDAY 3.22^o3.23H 3.23Ha3.24 3.21 03.22)^ 3.21Ha3.22^ 3.17^o3.18M 3.18^a3.20 3.15^03.15^ 3.15Ma3.16 3.16Ha3.18H 3.16^a3.18^ 3.19^o3.20H 3.19^a3.20^ s OF FOREIGN EXCHANGE France 23.17%a23.19 23.18a23.20 23.20a23.23% 23.20%o.24% 23.20 o23.22 23.20%a23.23 23.20a23.20% 23.20%a23.21 23.17%a23.19 23.17%a23.20 23.05 o23.ll 23.05%a23.12 SUNDAU 3.04«o3.09H 3.04Ma3.09^ 23.03%a23.06 23.04 O23.04 22.98 3.00Ha3.07Ji Z.00HaS.07H 22.97 023.07 O23.05 4.50 04.53 3.05 H 03.12 X 22.95%a22.98 22.96 022.99 4.49 04.51 3.08Ha3.U% 3.09 03.12M 22.95%a.96% 22.95 %a22.97 4.49 a4.54 22.87 a22.93 22.87%a.93% 3.06^a3.07Ji 3.06^a3.08 4.49 3.05 I Cn Cn Cn Cn Cn dk Cn Cn Cn Cn Cn ebopbo ooo I disturbed 2d. per yen. On March I i dk dk d^dk bbbb a to sterling, to which it is legally attached at the rate of Is. 6d. per rupee. The Japanese control continues to hold the yen at Is. I I I bbbbbb ranged between 33.01 i rfk |fk J*. a I I t i Jpk On March 18 27.80c. at York selling between five were i i CO CO CO CO CO CO 0»Cn Oi Cn 05 Cn co peso i i iii Between March 18 and March 23 the Mexican foreign exchange market the i I I I Ohhhhh largely currency. On the CO*O>-OC0OO^OOi»*CO*O»-* i i i is Spanish a expropriation of properties in Mexico was oil the Mexico is and at 1(11 a American sold March 31. on t-OtOOO •^acn^cofcOH-ocooo^ i good effect in preventing the bootlegging of exchange, and it had operated as a safety valve for the exchange market." While checks Yen The Shanghai 25.66@26% on 29.02@29.03 on March 1, COCO tots I market 1, and 30.54@30% on March 31. 29.63@30.00 on March 1, and a3.12 Mar. Mar. Mar. 018.94 18.93 018.94 018.95 19.85al9.92 18.93%018.95 19.85al9.92 SUNDAY O40.40 40.38%a.40% 18.92 40.20%a40.27 40.21 018.94 040.28 Nom. 18.95 19.84al9.93 19.86al9< Mar. 15. 40.15 O40.18 40.15%a40.19 Nom. 18.93 Mar. 16. 40.13 Nom. 18.77 19.83ol9.90 Mar. 17. 40.14 O40.17 40.13%a 17% O40.17 40.14%a.l7% Nom. 18.78 19.83al9.91 Mar. 18. 40.10 O40.13 40.11 a40.18 19.82al9.93 040.14 If .81019.90 40.14%a.l8% 19.83al9.91 3.07Ka3.08H 3.07Jia3.08H 22.92% a22.93 22.92 %o.93% 4.49%o4.50% Mar. 19. 40.14 SUNDAY Mar. 20. 22.92%a22.94 4.49%o4.51 Mar. 21. 22.93%a22.96 4.49%o4.52% Mar. 22. 40.10 22.92 %a22.96 4.49 Mar. 19.83al9.90 Mar. 23. 40.11%a40.13 40.12o40.13% 24. 40.09a40.10% 40.09%a40.11 19.83al9.93 3.04 022.93 O3.06H 3MHa3.06H 22.92 3.02^a3.06H 3.02Jia3.06^ 22.93022.95% a22.95 3.04Ha3.06K 3.04^03.06^ 22.92 3.05^a3.06^ 3.05^a3.075i« 22.91%a.93% 04.52 SUNDAY 40.10%a40.16 40.11 040.17 No rates No rates 19.83al9.93 040.13 40.10%a40.14 available available 19.83al9.93 22.92o22.93% 4.48%o4.52 3.02MO3.05H 3.02Ha3.05Ji 22.90% 022.93 22.91022.93% 4.49%o4.51% 3.02 a22.90 22.89%a.90% 4.49%o4.51% a3.02^ 3.02^o3.02% 22.89 Mar. 25. 40.09a40.11% 40.09%a40.12 Mar. SUNDAY Mar. 26. 40.08%a40.10 27- 3.00«o3.02 3.01 fl3.02% 22.89 o22.93 22.89%a22.94 3.05 3.04«a3,06 O3.06M 22.95022.97% 22.95%a.97% 3.04 a3.04« 3.04%o3.05 22.94022.95% 22.94%a.95% 3.05Ha3.06^ 3.05%a3.07% 22.91%a22.93 22.92022.93% 40.09a40.10% 19.82al9.90 19.83al9.93 SUNDAY 4.48%o4.52 Mar. 4.49 o4.54 Mar. 28. 40.08%a.ll% 40.09 29. 40.14%a40.20 40.15 040.21 19.80al9.90 4.49 04.53 Mar. 30. 40.15%a40.17 40.16040.17% 19.83al9.90 4.49%o4.62 Mar. 31. 40.14a40.15% 40.14%a40.16 19.80al9.90 040.12 19.83al9.85 116 MONTHLY REVIEW DAILY RATES OF FOREIGN Belgium Netherlands Guilder Greece Zloty Checks Cables 1. 16.97>*al6.98 16.98al6.98J4 18.96al9.00 Mar. Mar. 055.95 55.91J4a.95J4 055.91 55.89J4a.91J4 18.98al9.00 Mar. 3 18.97ol9.00 Mar. 4 18.97al9.00 Mar. - 5 7- 18.96al9.00 Mar. 18.97ol9.00 Mar. Mar. 9 SUNDAY al6.85 16.83 J4a.85J4 55.58 055.65 55.58%055.66 15. 16.83al6.84J4 16.83 J40.84J4 55.39J4 055.53 55.40 055.54 16. 16.82J4o.83J4 16.82 J40.83J4 55.12 J4 055.24 55.14a55.24J4 17- 16.82 J4a.83J4 16.83 016.84 55.23 055.36 55.23 J4055.37 18. 16.82al6.82J4 16.82 J4al6.83 55.09J4055.24 55.10 055.25 19. 16.82 J4al6.84 16.83 016.85 55.25 055.29 55.26 055.30 18.97al9.00 Mar. 10.——- 18.96al9.00 Mar 18.95al8.99 Mar. 12 24. 16.82 J4al6.83 16.82 J40.83J4 55.28J4 055.31 55.29 055.32 25. 16.83 016.84 16.83 J40.84J4 55.26 O55.30 55.26J4055.31 26. l6.84al6.84J4 16.84 J4 016.84 55.27 J4055.29 55.28 27. SUNDAY 28- 16.84 J40.86J4 29. l6.85al6.86J4 55.28 16.90 J4al6.93 16.91al6.93 J4 55.42 055.30 11 »64%dlsct. 0 par 54.65 *itsahtt% discount 54.65 »ijeo*iie% discount *wa*#4% discount 54.65 54.65 %a.92% ,91%a.92% .91 J4a.92 J4 - *ia% discount 1s201ns% discount *»»a*e«% discount *«a*66% discount *«4a'its% discount t«4a1i«% discount SUNDAY .91 J4a.92J4 .91340.92 J4 .91 J4a.92J4 .91 J4a.92J4 .91 .91 J4a.92J4 J4a.92 J4 Mar. 13 18.95ol8.97 Mar. 14 18.90al8.95 Mar. 15 18.89al8.95 Mar. 16 .91J4a.92 .91%a.91% a.91% .90%0.91 .90%a.91% .90%a.91 .90%a.91 18.89al8.95 Mar. 17 Mar. 18.—:— 18.88al8.95 Mar. 19 7«40s«4% 53io764% %a*ie% 7i<aJ4% %a*Jn% •iea*7i*% .91 J4o.91 J4 .91 a.91 J4 .91 18.97al8.95 .91 a.9134 .90J4O.91J4 .90 34a.91J4 18.86al8.90 Mar. 24 18.85018.90 Mar. 25 .90% a.91 Mar. 26 ,90%o.91 Mar. 21 18.85018.89 Mar. 22 18.83al8.90 Mar. 23. 18.88al8.90 .91 055.35 55.28J4055.36 055.51 55.42J4055.52 18.84ol8.90 Mar. 28 18.86al8.90 18.85al8.90 Mar. 29- 18.85al8.90 Mar. 31 Mar. 30.——- .90J4a.91J4 .90%o.91 .90%O.91% .90%O.91% .90%o.91 .91 Sweden Finland Argentina Krona Markka Peso 1- 33.45 2. 33.44o33.45 3. 33.45 33.46 4. 38 fl2 2.40 5. 37 022.38 025.84 2.21 J402.21 J4 ,38J4a.40J4 25.81J4a.83J4 25.82 a25.82 25.81J4a.82J4 2.21 J4a2.21J4 ,37%a.38% 25.81 6. 35 8. 10. 38J4O.40J4 36 J4022.38 37022.37J4 11. 34 12. 29J4O.30J4 022.36 02.21 J4 025.80 2.21 35%a.36% 25.78J40.79J4 25.70 39 a22.41 25.82J4025.85 25.83a25.85J4 2.21J4a2.22J4 37 022.39 25.80 a25.82 25.80 J4a25.83 2.21 J402.22 37J4a22.38 25.80a25.81J4 25.80J4025.82 2.21 a2.22 025.79 25.77J4O25.80 2.21 34J4022.36 25.77 02.22 025.74 25.72J4025.75 2.20J^a2.20J4 ,30a22.31% 25.72 022.35 13. 25 25 J4 a22.27 25.68 a25.69 25.68J40.69J4 2.20%a2.20% ,22 J4 a22.25 25.63J4025.66 25.64 025.67 2.20 O2.20J4 022.26 15. 22 022.24 16. 16 022.17 17- 16 022.19 18- 09 J4022.13 19. 15%a22.17 16%022.18 ,16%a.l9% ,l0a22.13% .16a22.17% 20. 21. 22. 25.56 25.56 25.49 22.56 22.15 23. 14 25- 13022.13J4 26. 13 022.15 , 022.14 13 J4022.14 25.54 13%a.l4% 25.54 27. . Checks 5.90a5.95 5.1605.19 5.90a5.95 5.16o5.19 5.8605.94 5.8705.95 5.1605.19 5.9005.95 5.1605.19 5.90a5.95 5.1605.19 5.16a5.19 4. 33.43a33.44 33.44o33.45 5. 33.41 33.42 6. Mar. 7- 33.39 33.40 5.8605.94 5.8705.95 SUNDAY 8. 33.41o33.43 33.42o33.44 5.8605.94 5.8705.95 5.1605.19 Mar. 9- 33.41a33.42 33.42o33.43 5.8705.94 5.8805.95 5.16a5.19 Mar. 10- 33.40a33.41 33.41a33.42 5.8705.94 5.8805.95 5.1605.19 Mar. 11- 33.38a33.40 33.39o33.41 5.8905.94 5.90O5.95 5.16o5.19 Mar. 12. 33.27a33.30 33.28o33.31 5.8705.94 5.8805.95 5.1605.19 13- Mar. 14. 33.25o33.27 33.26a33.28 5.8705.94 5.8805.95 5.16a5.19 Mar. SUNDAY 5.1605.19 15. 33.18o33.21 33.19o33.22 5.8605.94 5.8705.95 Mar. le¬ 33.10a33.13 33.llo33.14 5.8705.94 5.8805.95 5.16a5.19 Mar. w- 33.07a33.12 33.08o33.13 5.8705.94 5.88a5.95 5.16a5.19 a25.51 25.49J4025.52 2.18%a2.19% 025.58 25.56J40.58J4 2.19 a2.19 J4 Mar. is. 33.00a33.03 33.01a33.04 5.8905.94 5.90O5.95 5.16a5.19 Mar. 19. 33.05a33.07 33.06a33.08 5.8505.94 5.8605.95 5.16a5.19 5.1605.10 SUNDAY Mar. 2.19J4a2.20 2.19J4a2.19J4 2.19J4a2.19J4 2.19J4a2.19J4 025.55 25.54J40.55J4 2.19 02.19J4 a25.55 25.54J4025.56 2.19 02.19J4 20. Mar. 21. 33.10033.11 Mar. 22. Mar. 23. Mar. 24. Mar. 25. Mar. 26. ,14 Mar. 28- 29. 20 17022.18J4 Mar. 31. 15J4a.l6J4 ,20J4a22.22 25.63J4025.65 25.64a25.65J4 2.19J4a2.20J4 .17J4 a22.19 25.59J40.61J4 25.60 025.62 2.19J4a2.20J4 .16 022.17 25.58 025.59 25.58J4a25.60 2.19%a2.19% Mar. 30. Mar. 33.llo33.12 5.8505.94 5.8605.95 33.09a33.10 33.10a33.11 5.8505.94 5.86o5.95 5.16a5.19 33.07a33.09 33.08033.10 5.85a5.94 5.8605.95 5.16a5.19 33.07 33.08 5.8705.94 5.8805.95 5.1605.19 33.05a33.07 33.00a33.04 33.06o33.08 5.8705.94 5.8805.95 5.1605.19 5.8405.94 5.85a5.95 5.16a5.19 5.16a5.19 33.01a33.05 SUNDAY 27- 13J4a.l6J4 SUNDAY 022.17 25.55 025.59 25.55J40.59J4 2.18J4a2.19J4 Mar. 28. 022.21 54.65 54.65 Mar. 25.54J4025.56 25.55a25.56J4 ,17%a22.19 25.58 025.59 25.58J4025.60 .15 022.17 25.56 a25.57 25.56J4 a25.58 ,14% a22.16 25.55J40.56J4 25.56 025.57 17o22.18J4 14 J4 a22.16 24. 54.65 54.65 a25.58 25.56J4a.68J4 2.19J4a2.20J4 a25.58 25.56J4025.59 2.19J4a2.20 SUNDAY 22.14 54.65 54 65 Mar. SUNDAY 14. 54.65 Peso Cables Mar. Mar. 64.65 54.65 Chile Mar. SUNDAY 7. 9. 25.84J4025.85 25.85 54.65 5.8905.94 33.45o33.46 Mar. .39J4O.40J4 25.84 022.41 25.84 54.65 5.8905.94 33.46 Mar. O22.40 54.65 54.65 5.8905.94 Mar. 39 54.65 5.89o5.94 025.86 2.2lJ4a2.22 025.85 25.84J40.85J4 2.21 J4 o2.22 025.85 25.84J40.85J4 2.21J4a2.22 .39J4022.41 ,39%a.40% ,40o22.41 J4 2. .40 Checks Cables Checks Checks Cables 3. 1. 54.65 MUrels Checks 54.65 54.65 Brazil Krone Cables 54.65 54.65 54.65 discount *is% discount J4% discount "«aJ4% discount «840»i«% discount a.9134 .9034a.91J4 .90J4a.91J4 Denmark Checks 54.65 SUNDAY Mar. 27 30. 16.90al6.91J4 16.90 J4al6.92 55.38 055.43 55.38J4 a55.44 31. 16.89J4ol6.90 16.89 J4a.90J4 55.34J4a55.37 55.35 055.38 54.65 54.65 discount discount discount discount discount 193ia7i<% discount *»i20**»»% discount J4aJ4% discount »mo7x#% discount 17siaJ4% discount »n% discount .9034a.91J4 a.91J4 .91 a.91J4 ,91 a.91 J4 .90340.91 J4 .90 J4 a.9l J4 .90%a.91 .90%a.91 .90%o.90% .90%a.91 18.83al8.90 54.65 SUNDAY Mar. 20 20- SUNDAY 21. 16.82al6.82 J4 16.82 J4016.83 55.27 055.35 55.27J4a.35J4 22. 16.82 J40.83J4 16.82 J4016.84 55.30 055.39 a55.38 55.31 23. 16.82 J4016.83 16.82 J40.83J4 55.29J4055.36 55.30a55.36J4 Par .91 .91%a.92 .91%a.92 .91%a.92 .91%a.92 ,91%a.92 .91%0.92 8 18.97al9.00 — 7* 8- 16.92al6.93J4 16.92 J40.93J4 55.88 9- 16.91 al6.92 16.91J4a.92J4 55.87 16.91J4a.91J4 16.91J4ol6.92 55.84J4a55.87 55.85a55.87J4 055.97 55.88J4o.97J4 055.95 55.87J4 055.96 10- 16.90%o.91% 16.91al6.91J4 55.88 055.90 55.88J4a.90J4 11. 16.89al6.89% 16.89 J4al6.90 55.82 055.87 55.82J40.87J4 12. 16.84%a16.85 16.84 J4a.85J4 55.65 055.71 55.65J4a.71J4 54.65 .91 J4a.92J4 .91 J40.92 J4 6 - \ Checks SUNDAY 2 SUNDAY 16.83 Peso Checks Cables .91%o.92.91 JHa.92 .91%a.92 .91 %a.92 .91%o.92 1 18.97ol9.01 Mar. A 16.95%al6.97 16.95J4a.97J4 55.91 5. 16.94%al6.95 16.95a4ff.95J4 55.89 14. Colombia Dollar Checks Checks 55.95*055.97 55.95J4a55.98 ^055.97 55.95a55.97J4 055.96 55.95J4a.96J4 4. 6. Cables Checks 2- 18.97al6.97% 16.97 J4016.98 55.94 3- 16.97al6.97% 16.97 J4a.97J4 55.95 13. Canada Drachma Poland Belga EXCHANGE—(Concluded) 33.05o33.09 33.06a33.10 5.8705.94 5.8805.95 29. 33.16a33.17 33.17a33.18 5.8705.94 5.8805.95 30- 33.12a33.13 33.13a33.14 31- 33.08a33.10 33.09a33.ll 5.90 5.89 5.88a5.89 5.89fl5.90 5.16a5.19 5.1605.19 5.16a5.19 Czecho¬ Ecuador Uruguay Venezuela Peru Japan Norway Spain slovakia Bolivia Krone Peseta Koruna Boliviano Sucre Peso Bolivar Sol Yen Checks Checks Checks Checks Checks Checks Checks Coibles Checks Cables Checks Mar. 5.00 7.25 66.00a66.05 30.50 24.37a24.50 29.02o29.03 Mar. 5.00 7.25 66.00066.02 30.50 24.37a24.50 29.01a29.04 Mar. 5.00 7.25 66.02a66.02 30.50 24.37a24.50 29.01a29.03 Mar. 5.00 7.25 65.98a66.00 30.50 24.25o24.50 29.01a29.03 Mar. 5.00 7.25 65.98o66.00 30.50 24.25o24.50 28.97a29.00 Mar. 1. 25.21 6.06 Mar. 2. 6.06 Mar. 3. 25.20%0.21% 25.21025.22% 4. 25.19 025.21 25.19%a.21% 6.07 6.07 3.51J4a3.5lJ4 3.51J403.51J4 3.51%a3.5l% 3.51J4a3.51J4 5- 25.18025.18% 25.18%a25.19 6. SUNDAY 5.92 3.51 J4a3.51J4 025.17 25.16%a25.18 025.22 25.18%a.22% 5.75 3.51 J4a3.51 J4 Mar. 5.00 7.25 65.90a66.00 31.00 24.25o24.50 28.97a28.99 5.81 3.51 J403.51 J4 Mar. 5.00 7.25 65.95o66.00 31.00 24.25o24.50 28.95a28.96 O25.20 5.75 3.51 J4 a3.51 J4 Mar. 5.00 7.25 65.96a66.00 31.00 25.18025.19% 5.76 3.51%a3.51% Mar. 5.00 7.25 65.94o66.00 31.12 24.25a24.40 28.90a28.92 5.00 7.25 65.89o66.00 31.25 24.25a24.40 28.89028.91 5.00 7.25 65.70a66.00 31.25 5.00 7.25 65.65a66.00 Mar. Mar. Mar. Mar. 025.22 25.21%o.22% 025.22 25.20%a.21% 25.21 7- 25.16 Mar. 8. 25.18 Mar. 9. Mar. Mar. Mar. 25.17%a25.19 lO- 25.17%a25.19 ll. 25.14%a25.16 12. 25.09%0.11% 25.18 025.17 5.74 3.51 J4 a3.5154 Mar. 25.10 025.12 6.75 3.50%a3.50% Mar. 5.73 3.50J4a3.50J4 Mar. 5.75 Mar. 5.00 7.25 65.49a66.00 31.25 5.71 3.50J4a3.50J4 3.50 O3.50J4 24.25o24.40 28.79a28.81 24.25a24.40 28.72o28.73 Mar. 5.00 Y.25 65.34o66.00 31.25 24.25o24.40 28.68o28.70 5.78 3.49J4a3.50 Mar. 5.00 7.25 65.30a66.00 31.25 24.25a24.40 28.61028.64 3.49J4 3.49J403.49J4 Mar. 5.00 7.25 65.13a66.00 31.35 Mar. 5.00 7.25 65.28a66.00 31.25 24.00a24.40 28.55a28.57 24.00o24.40 28.61028.65 13- Mar. 14. 25.05%a.06% 25.06 15. 25.t)l%a.03% 25.02 Mar. SUNDAY No O25.04 Quotations 16- 24.94%0.95% 24.95 024.96 17. 24.94 024.97 24.94%a24.98 Mar. Mar. 18. 24.87a24.89% 24.87% O24.90 19. 24.93%024.95 24.94 024.96 5.83 5.80 ■ Mar. 20. SUNDAY 21. 24.92 Mar. 25. 24.91 Mar. Mar. 6.00 7.25 65.33a66.00 3.49%a3.50 3.49J4a3.49J4 3.49 03.49J4 Mar. 5.00 '7.25 65.33o66.00 31.25 Mar. 5.00 7.25 65.30a66.00 31.25 24.00a24.40 28.91a28.95 5.77 Mar. 5.00 7.25 65.29o66.00 31.25 24.00a24.40 28.88o28.93 3.48 J4a3.49J4 Mar. 5.00 7.25 65.25a65.27 31.50 24.00a24.25 28.88o28.93 5.75 3.48 J4 a3.49 Mar. 5.00 7.25 65.25a65.26 31.50 24.00O24.25 28.87028.92 5.77 Mar. 5.00 7.25 65.25a65.31 31.50 5.77 024.92 24.91%a.92% 024.92 24.91 %a.92% 26- 24.91 SUNDAY SUN DAY Mar. 27- Mar. Mar. 28. 24.91 %o24.95 24.92024.95% O25.00 24.99%a25.01 29. 24.99 5.75 3.48%a3.48% 3.49 03.49J4 Mar. 5.00 7.25 65.40a65.48 31.50 Mar. 30. 24.96 024.97 24.96%a.97% 5.75 3.49 J403.49J4 Mar. 5.00 7.25 65.39a65.41 31.50 Mar. 31. 24.94024.94% 24.94%a24.95 6.81 3.49 Mar. 5.00 7.25 65.30a65.40 31.50 Mar. 03.49J4 Philippine Italy Rumania Bulgaria Leu Lev Dinar < Checks 1. Mar. 2. Mar. 3. Mar. 4. Cables Checks 6.26a5.26% 5.26a5.26% 5.26a5.26% 5.2605.26% 5.26a5.26% 5.26%a5.26% 5.26%a5.26% 5.26%a5.26% .73%o.75 .73%o.75 ,73%0.75 1.2501.26 5.26%a5.26% •73%a.75 .73% 0.75 SUNDAY 5.26%a5.26% 5.26%a5.26% 5.26%a5.26% 5.26%a5.26% 5.26%a5.26% 5.26%a5.26% Mar. 5. Mar. Mar. 6- 7. 6.2605.26 % Mar. 8- Mar. 9. Mar. lO- 5.2605.26% 5.2605.26% 5.26a5.26% 5.26a5.26% 5.2605.26% Mar. ll. Mar. 12. Mar. 14. Mar. 15. 5.26%a5.26% 13. Mar. Mar. 16. Mar. 17- Mar. 18. Mar. 19. Mar. 5.2605.26% 5.2605.26% 5.2605.26% 5.26o5.26% 5.2605.26% 5.2605.26% 5.26%a5.26% 5.26%a5.26% 5.26%o5.26% 5.26%a5.26% 5.26%a5.26% 5.26%a5.26% Mar. 21. Mar. 22. 5.2605.26% 5.2605.26% 5.26%a5.26% 5.26%o5.26% 23. 5.2605.26 % 5.26% 05.26% Mar. 24. Mar. 25. 5.26o5.26% 5.26a5.26 % Mar. 26. 5.26%a5.26% 5.26%a5.26% 5.26%a5.26% Mar. 27. Mar. 28. 29. 30- Mar. 31- ,73%a.75 •73%a.75 .73% o.75 .73%0.75 .73% 0.75 ,73%a.75 .73%0.75, .73% a.75 .73% 0.75 .73%a.75 5.2605.26% .73% o.75 •73%0.75 .73% o.75 .73% a.75 5.26%a5.26% 5.26%a5.26% 5.26%a5.26% 5.26%a5.26% Checks Checks Straits Settlem'ta India Java Dollar Rupee Guilder ecks "die Checks Checks Mar. .38a31*i6 29.63a30.00 49% o49% 58.81058.95 37.88037.90 2.33J4a2.36 .38a31»i6 58.78o58.90 37.88037.91 66.13 1.2501.26 2.32J4a2.36 Mar. .38031*16 29.62a29"n 49% 049H 29.62fl29»*ij 49% o39% 58.75a58.90 37.87o37.90 56.11 1.2501.26 2.33 J4 a2.36 Mar. .37a31»i6 58.70a58.80 37.87037.88 56.06 1.2501.26 2.34 J402.36 Mar. ,35o31% 29.60a29**»i 49.85o49J4 29.63a29"<s 49.85o49 % 58.61a58.80 37.84o37.88 56.15 1.25al.26 2.33J4a2.36 Mar. 1.2501.26 2.33 J4 02.36 Mar. 1.25al.26 Mar. Mar. 1.25al.26 2.33J4a2.36 2.33 J4a2.36 2.33J4a2.36 1.2501.26 2.33J4a2.36 Mar. 1.2501.26 Mar. 56.12 SUN DAY Mar. .34031% .31031% ,35o31 J* .32o31H ,32o31% .18031% Mar. 29.58a29"i« 49.85a49% 58.45058.65 47.80a37.82 29,58a29*»3i 49% 049.90 58.38058.62 37.86037.92 29.63a29**i« 49.85049% 58.42o58*ie 37.83037.86 58.38a58 % 49Jf 49 % 58.35058 J* 29.43a29% 29.31a29**«* 49% 049.90 58.16a58J$ SUN DAY 29.53a29*7st 56.00 56.13 56.02 37.83037.87 56.14 37.80a37.84 55.99 37.70d37.72 55.82 55.70 55.28 1.2501.26 2.33 02.36 Mar. ,12a31»i« 1.2501.26 2.32J4a2.36 Mar. ,85o3 Die 28.96a297ie 49**16049.85 58.14a58.30 37.67o37.70 49**iea49.85 58.00a58.20 37.60a37.62 2.32%a2.35 2.32J4a2.36 Mar. .88031^6 29.06o297ie 49**16049.85 57.85a58*ie Mar. ,75o31.00 29.01a295i# 49**16049.85 57.89o58.00 37.52o37.55 2.32%a2.35% 2.30 02.35J4 Mar. 49**16049.85 57.75057**16 37.38a37.41 55.24 Mar. .74o30*»ie 28.36a29*i6 ,81031*16 28.29o29 Ji 49**16049.85 57.81o57.90 37.48o37.60 SUN DAY 55.41 .89a31*i6 1.25 1.25 1.25 1.25 29.25o29% 37.50a37.51 55.58 55.42 1.2501.26 2.32 J4 02.36 Mar. Mar. 49**iea49.85 57.78a58.00 37.47a37.50 55.41 1.2501.26 2.32 J4 a2.36 Mar. 37.50a37.53 55.50 2.32 % a3.25 J4 Mar. ,85o31.00 27.88o29% ,87o31*i6 27.69a29% 49**16049.85 57.88a58*ie 1.2501.26 49**16049.85 58.86a58.00 37.45a37.49 55.42 1.2501.26 2.32%a2.35% Mar. ,84o31*i6 49**16049.85 47.78a58.00 37.48037.60 65.43 2.32 J4 02.35 J4 Mar. 2.33 J4a2.36 Mar. 1.2501.26 .73 1.2401.25 .73%a.75 .73%a.75 .73% a.75 .73% a.75 Peso Mar. . 28.13a29 % 27.71a29% ,79o31.00 26.94a29% ,56a30**i< 25.50a29% Mar. SUNDAY 5.26a5.26 % 5.2605.26% 5.2605.26% 5.26a5.26 % Islands Yuan Dollar 23.62o24.00 28.94a28.99 23.50a24.00 28.93a28.95 2.33 J402.36 .73% a.75 a. 75 Checks Cables Checks SUNDAY M&. Mar. .73% a.75 ,73%o.75„ Dollar 23.62o24.25 28.89a28.92 23.62o24.25 28.89a29.00 1.2501.26 SUNDAY 20- Mar. Hongkong Shanghai Yugoslavia Lira Mar. 24.00a24.40 28.76o28.80 24.00a24.40 28.87a28.95 3.49J4a3.50J4 5.75 024.94 24.93%a24.95 24. 24.92%a.93% 24.93 024.94 Mar. 31.25 5.77 5.77 23. 24.93 Mar. 31.25 SUN DAY Mar. 024.93 24.92%a24.94 024.96 24.95% 024.97 22. 24.95 Mar. 24.25o24.40 28.83a28.88 SUN DAY Mar. O25.07 Mar. Mar. 24.25024.40 28.91o28.95 25.15 Mar. Mar. SUN DAY Mar. 49**ieo49.85 57.75a57.90 37.43037.45 55.39 49**16049.85 57.75057% SUN DAY 37.45037.46 55.42 2.32 J403.25J4 Mar. ,31a30 J4 23.50a23.69 49**16049.85 57.75a57.95 37.44037.50 55.48 1.25 2.32 J4 03.26 Mar. 2.32 J4 a3.25 J4 1.25 2.32J4a3.25J4 Mar. Mar. ,54o30**i6 24.38a24.75 49**16049.85 57.86058*16 37.55a37.60 ,63o30 % 25.50a26J* 49**16049.85 57.80a58.00 37.49a37.50 55.63 1.25 ,54o30 % 65.47 1.25 25.66fl26% 49**16049.85 57.75o57.90 37.47a37.48 55.52